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ANNUAL REPORT OF THE Secretary of the Treasury STATE OF THE FINANCES FOR THE Fiscal Year Ended June 30, 1902 WASHINGTON: GOVERNMENT PRINTING 1902. OFFICE^ TREASURY DEPARTMENT, Document No. 2295. FiQcretary. OOJ^TEITTS. Page. RECEIPTS AND EXPENDITURES 1 Fiscal year 1902 Fiscal year 1903 Fiscal year 1904 1 6 6 OPERATIONS OF THE TREASURY 7 T H E M I N T SERVICE 10 ENGRAVING AND PRINTING 11 PUBLIC MONEYS 13 NATIONAL BANKS '. 13 LOANS AND CURRENCY 17 Bonds in aid of an isthmian canal FOREIGN COMMERCE 19 - 19 CUSTOMS 22 Personal effects of passengers Reorganization of districts . Smuggling -. :. ALASKA 22 22 23 23 Seal herd Blue foxes Salmon 23 24 25 fisheries. INTERNAL REVENUE 26 DISTRICT OF COLUMBIA 27 PNEUMATIC DISPATCH SYSTEM PUBLIC BUILDINGS 28 1 28 H A L L OF RECORDS 29 IMMIGRATION 30 CHINESE EXCLUSION 32 PUBLIC H E A L T H AND MARINE-HOSPITAL SERVICE National quarantine Texas border quarantine Smallpox Plague Leprosy Yellow fever Foreign and insular quarantine and immigration Marine hospitals and relief .1 New hospitals Sanatorium for consumptives, Fort Stanton, N. Mex Aid to other services Personnel Expenditures Hygienic laboratory , , 11^ I 33 J.. : 33 33 33 34 34 35 35 36 37 37 37 37 38 38 IV CONTENTS. Page. REVENUE-CUTTER SERVICE „ . 39 Services Vessels Bering Sea and Alaska Personnel Pensions 39 39 40 40 41 NAVIGATION 41 STEAMBOAT-INSPECTION SERVICE 44 COAST AND GEODETIC SURVEY 45 NATIONAL BUREAU OF STANDARDS 47 Metric system 48 LIGHT-PIOUSE ESTABLISHMENT 48 LIFE-SAVING SERVICE 50 SECRET SERVICE 51 STATE BONDS AND STOCKS OWNED BY THE UNITED STATES . . : :. 52 CENTRAL PACIFIC DEBT 53 HAWAIIAN DEBT 53 ESTIMATED REVENUES AND EXPENDITURES THE -: 54 CURRENCY 54 SUBSIDIARY COINAGE :...... BANKING PUBLIC DEPOSITS OTHER RECOMMENDATIONS : 57 . 58 ' 61 : 62 Tables accompanying the report. TABLE A.—Statement of the outstanding principal of the public debt of the . United States J u n e 30, 1902 TABLE B.—Statement of the outstanding principal of the public debt of the United States on the 1st of January of each year from 1791 to 1843, inclusive, and on the 1st of July of each year from 1843 to 1902, inclusive '. TABLE C.—Analysis of the principal of the public debt of t h e United States from J u l y l , 1856, to July 1, 1902...^ TABLE D.—Statement of the issue and redemption of loans and Treasury notes (by warrants) for the fiscal year ended J u n e 30, 1902 TABLE E.—Statement showing the purchase and redemption of bonds on account of the sinking fund during each fiscal year from its institution in May, 1869, to and including J u n e 30, 1902 TABLE F.—Sinking-fund account for fiscal year 1902 TABLE G.—Population, net revenue, and net expenditures of the,Government from 1837 to 1902, and per capita of the revenues and per capita of expenditures TABLE H . — I n t e r n a l and customs revenue and expenses of collecting from 1858 to 1902 TABLE I.—Statement showing the revenues and expenditures of the Government by months; the legal-tender notes, net gold, and available cash in the Treasury at the end of each month; the monthly redemption of legal-tender notes in gold, and the imports and exports of gold from January, 1879, to June, 1902, inclusive TABLE J.—Statements of receipts of the United States from March 4, 1789, to June 30, 1902, by calendar years to 1843 and by fiscal years (ended J u n e 30) from that time . , , ^ , , ^ . , ^ ^ ^ , , . ^ ^ ^, ^ . . ^ ^ ^ 67 79 80 84 85 93 94 95 96 , 104 . CONTENTS. V Page. TABLE K.—Statementof expenditures of the United States from March 4,1789, to J u n e 30, 1902, by calendar years to 1843 and by fiscal years . (ended J u n e 30) from t h a t time TABLE L.—Statement of the net disbursements (by Warrants) during t h e fiscal year ended June 30, 1902 . . ' . . . : TABLE M.—Statement of the coin and paper circulation of the United States from 1860 to 1902, inclusive, with amountof circulation per capita. TABLE N.—Statement of United States bonds and other obligations received and issued by the Secretary of the Treasury from November 1, 1900, to October 31, 1902 ..."......... TABLE 0.—Statement showing the aggregate receipts, expenses, average number of persons employed, and cost to collect internalrevenue in the several collection districts during the fiscal year ended J u n e 3 0 , 1902. J. ABLE P.—Statement of customs business for t h e fiscal year ended J u n e 30, 1902 REPORT OF THE TREASURER 112 115 116 116 118 125-274 Condition of the Treasury Revenues and expenditures for 1901 and 1902 Effect of repeal of war taxes Comparison of income and outgo Transactions in the public debt Ordinary and debt transactions combined Revenues and expenditures for the first quarter of 1902 and 1903 The reserve and trust funds Redemption of notes in gold General fund—cash in the vaults Net available cash balance, largest in our h i s t o r y . . . . „ Bonds bought for the sinking fund The public debt, 1901, 1902, and first quarter of 1903 Anticipation of interest Bonds held as security for bank circulation and deposits The monetary stock, 1901, 1902, and first quarter of 1903.. Ratio of gold to total stock of money Money in circulation from 1890 Circulation and population Advance in volume of gold Effect of increase of gold Withdrawal of Treasury notes Unparalleled volume of gold certificates .... The gross gold in the Treasury from 1897 Sources of gold in the Treasury Transfers for deposits in New York Exchange paid for gold received at AVestern mints and assay offices Classification of currency of $20 and below, and above $20, since 1898 Kinds of currency Ratio of | 1 0 and less to all Government paper Demand "for small denominations. Paper currency prepared for issue since 1890 Paper currency issued 1901, 1902, and first quarter 1903 Paper currency redeemed 1901, 1902, and first quarter 1903 Percentage ot value ot notes and certificates 108 125 .125 125 125 126 127 127 128 .129 129 131 132 . 133 134 135 138 139 140 141 141 141 142 142 143 143 145 148 150 151 151 152 152 153 154 154 VI CONTENTS. REPORT OF THE TREASURER—Continued. Shipments of currency from AVashington, 1901 and 1902 Currency sent to the Philippines Maintenance of parity .' Redemption and exchange of all kinds of money Redemption of national-bank notes Movement and exchange of standard silver dollars Movement and redemption of subsidiary silver coins Minor coins outstanding and redeemed and cost of transportation The recoinage, 1901 and 1902 Spurious issues detected in the fiscal year Pacific Railroad notes and bonds Special trust funds District of Columbia sinking fund The work of the Treasurer's ofiice Page. 155 157 157 158 159 160 161 162 - 163 164 164 164 165 165 Appendix to report of the Treasurer. No. 1.-—Revenues and expenditures for t h e fiscal year 1902 No. 2.—Net ordinary revenues and expenditures for each quarter of the fiscal year 1902 No. 3.—Receipts and expenditures on.account of the Post-Office Department for the fiscal year 1902 No. 4.—Receipts and disbursements of each kind of money on all accounts at the Treasury in AVashington for the fiscal year 1902 No. 5.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in Baltimore for the fiscal year 1902 No. 6.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in New York for the fiscal year 1902 No. 7.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in Philadelphia for the fiscal year .1902...... : No. 8.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in Boston for the fiscal year 1902. No. 9.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in Cincinnati for the fiscal year 1902 No. 10.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in Chicago for the fiscal year 1902. No. 11.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in St. Louis for the fiscal year 1902. No. 12.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in New Orleans for the fiscal year 1902 ." No. 13.—Receipts and disbursements of each kind of money on ail accounts at the subtreasury in San Francisco for the fiscal year 1902 No. 14.—Total receipts and disbursements of each kind of money on all accounts at the Treasury offices for the fiscal year 1902 No. 15.—Assets and liabilities of t h e Treasury offices, J u n e 30, 1902 No. 16.—Assets ot the Treasury in the custody ot mints and assay offices, June 30, 1902 167 167 167 168 169 170 171 172 173 174 175 176 177 178 179 180 CONTENTS. REPORT OF THE TREASURER—Continued. VII Page. . No. 17.—General distribution of t h e assets and liabilities of the Treasury. No. 18.—Distribution of the general Treasury balance, J u n e 30, 1902 No. 19.—Available assets and net liabilities of the Treasury at the close of June, 1901 and 1902 1 No. 20.—Assets and liabilities of t h e Treasury in excess of certificates and Treasury notes at the close of June, 1901 and 1902 No. 21.—Unavailable funds of t h e Treasury and Post-Office D e p a r t m e n t . . No. 22.—Gold coin and bullion in the Treasury at the end of each month, from January, 1890 No. 23.—Silver coin and bullion in the Treasury at the end of each month, from January, 1890 No. 24.—United States notes. Treasury notes, and national-bank notes in the Treasury at the end of each month, from January, 1890 . . No. 25.—Gold certificates, silver certificates, and currency certificates in the Treasury at the end of each month, from January, 1890 . . No. 26.—Assets of the Treasury other than gold, silver, notes, and certificates at the end of each month, from January, 1890 No. 27.^—Assets of theTreasury at the end of each month, from January, 1890 No. 28.—Liabilities of the Treasury at the end of each month, from January, 1890 No. 29.—Assets of the Treasury i n excess of certificates and Treasury notes at the end of each month, from January, 1890 No. 30.—United States notes of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1890 No. 31.—Treasury notes of 1890 of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1890 No. 32.—Gold certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1890 No. 33.—Silver certificates Of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1890 No. 34.—Currency certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1890 No. 35.—Amount of United States notes. Treasury notes, and gold, silver, and currency certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1890 ^ No. 36.—Amount of paper currency of each denomination outstanding at the close of each fiscal year, from 1890 No. 37.—Old demand notes issued, redeemed,. and outstanding at the close of each fiscal year, from 1890 No. 38.—Fractional currency issued, redeemed, and outstanding at the close of each fiscal year, from 1890 No. 39.—United States paper currency outstanding at the close of each fiscal year, from 1890 No. 40.—Estimated stock of gold coin and bullion at the end of each month, from January, 1890 No. 41.—Estimated stock of silver coin at the end of each month, from January, 1890 No. 42.—United States notes. Treasury notes, and national-banknotes outstanding at the end of each month, from January, 1890 No. 43.—Gold certificates, silver certificates, and currency certificates out. standing at the end of each month, from January, 1890 181 181 182 182 183 184 186 188 190 192 194 196 198 200 203 205 207 209 210 213 216 216 21.6 217 219 221 223 VIII CONTENTS. | i REPORT OF THE TREASURER—Continued. I No. 44.—Estimated stock of all kinds of money at the end of each month, from January, 1890 1 No. 45.—Estimated amount of gold and silver iin circulation at the end of each month from January, 1 8 9 0 . . . i No. 46.—United States notes. Treasury notes, land national-bank notes in circulation at the end of each month, from January, 1890 . . . . No. 47.—Gold certificates, silver certificates, and currency certificates in circulation at the end of each month, from January, 1890 . . . . No. 48.—Estimated amount of all kinds of money in circulation at the end of each month, from January, 1890 No. 49.—Estimated amount of gold and gold certificates, silver and silver certificates, and notes and currency certificates in circulation at the end of each month, from January, 1890 No. 50.—Changes in the volume of money in circulation from internal expansion and contraction and frbm imports and exports of gold during each month, from Janpary, 1890 . . . ' No. 51.—United States notes and Treasury notes redeemed in gold, and imports and exports of gold during'each month, from January, 1890 1 Page. 225 227 229 231 233 235 237 239 No. 52.—United States notes and Treasury notes redeemed in gold, and imports and exports of gold during each fiscal year, from . 1890.. :.: j 241 No. 53.—Treasury notes of 1890, issued, retired by redemption in silver dollars, and outstanding, together with the silver in the Treasury purchased by such notes, for. each month, from August, 1890 j 241 No. 54.—Transactions between the subtreasury and clearing house in New York during each month, from January, 1890 • 243 No. 55.—Amount of each kind of money used in settlement of clearinghouse balances against the subtreasury in New York during each, month, from January, 1890. .•. _. 245 No. 56.—Monthly receipts from customs at New Yprk and percentage of each kind of money received, from January, 1890 247 No. 57.—Subsidiary silver of each denomination in each office of the Treasury and Mint J u n e 30, 1902 J 249 No. 58.—Minor coin of each denomination in each office of the Treasury and Mint J u n e 30, 1 9 0 2 . . . . . . . . . ] 249 ' I. No. 59.—Shipments of silver coin from each office of the Treasury and Mint from J u l y 1, 1885 I No. 60.—Shipments of silver coin from the {Treasury offices and mints during each fiscal year from 189|0, and charges thereon for transportation i No. 61.=—Number of national banks with semiannual duty paid, by fiscal years, and n u m b e r of depositaries with bonds as security, by fiscal years 1 ". No. 62.—Average amount of national-bank notes in circulation, and amount of duty paid thereon, during the fiscal year 1902 by national banks, in. each State and Territory • No. 63.—Receipts and disbursements of public moneys through nationalbank depositaries, by fiscal years, from 1890 No. 64.—Old demand notes of each denomination issued, redeemed, and outstanding J u n e 30, 1902 250 250 250 251 251 251 CONTENTS. REPORT OF THE TREASURER—Continued. No. 65.—Fractional currency of each denomination issued, redeemed, and outstanding J u n e 30, 1 9 0 2 . . . . . . No. 66. ^Compound-interest no tes of each denomination issued, redeemed, and outstanding J u n e 30,1902 No. 67.—One and two year notes of each denomination issued, redeemed, and oatstanding J u n e 30, 1902 No. 68.—United States paper currency of each class, together with one and two year notes and compound-interest notes issuedj redeemed, and outstanding J u n e 30, 1902 No. 69.—Seven-thirty notes issued, redeemed, and outstanding J u n e 30, 1902 No. 70.—Coupons from United States" bonds and interest notes paid during the fiscal year 1902, classified by loans , No. 71.—Checks issued for interest on registered bonds of the United States during the fiscal year 1902 No. 72.—Interest on 3.65 per cent bonds of t h e District of Columbia paid during the fiscal year 1902 No. 73.—Bonds purchased during the fiscal year 1902 No. 74.—Refunding certificates, convertible into bonds of the funded loan of 1907, issued, converted, and outstandins: at the close of each fiscal year from 1890 No. 75.—Public debt at the close of June, 1901 and 1902, and changes during the year : No. 76.—Public debt November 1, 1902, and changes since July 1, 1902.. No. 77.—United States bonds retired, from May, 1869, to J u n e 30, 1902.. No. 78.—Bonds a n d o t h e r securities retired for t h e sinking fund during the fiscal year* 1902, and total from May, 1869 No. 79.—Bonds called, redeemed, and outstanding J u n e 30, 1902 No. 80.—Public debt, exclusive of certificates and Treasury notes, at the end of each month, from January, 1890 No. 81.—Lawful money deposited in the Treasury each month of the fiscal year 1902 for t h e redemption of national-bank notes No. 82.—Disbursements from redemption accounts of national banks each month of the fiscal year 1902 No. 83.—National-bank notes received for redemption from t h e principal cities and other places each month of the fiscal year 1902, in thousands of dollars No. 84.—Redemptions and deliveries of national-bank notes each month of t h e fiscal year 1902 No. 85.—Redeemed national-banknotes delivered from t h e Treasury each m o n t h of thefisoal year 1902 No. 86.—National-bank notes received for redemption from the principal cities and other places, by fiscal years, from 1890, in thousands of d o l l a r s . . . . . No. 87.—Result of t h e count of-national-bank notes received for redemp• tion,- by fiscal years, from 1890 No. 88.—Disposition- made of t h e notes redeemed at the National Bank Redemption Agency, by fiscal years, from 1890 No. 89.—-Mode of payment for notes redeemed at the National Bank Redemption Agency, by fiscal years, from 1890 No. 90.—Deposits, redemptions, assessments for expenses, and transfers and repayments, on account of the 5 per cent redemption fund . of national banks, by fiscal years, from 1890 IX Page. 252 252 252 252 253 253 253 253 253 254 255 256 257 257 258 261 263 263 263 264 264 264 265 265 265 266 X CONTENTS. REPORT OF THE TREASURER—Continued. ; Page. No. 91.—Deposits, rederaptions, and transfers and repayments, onaccount of national banks failed, in liquidation, and reducing circulation, by fiscal years, from 1890 No. 92.—Expenses incurred in the redemption of national-bank notes, by fiscal years, from 1890.....L.i No. 93.—General cash account of the National ]^ank Redemption Agency for the fiscal year 1902, and from July 1, 1874 No. 94.—Assets and liabilities of the 5 per cent redemption fund of national banks at the end of each month, from January, 1890. No. 95.—National-bank notes outstanding at the end of each month, and monthly redemptions, from January! 1890 No. 96.—Average amounts of national-bank notes redeemable and amounts redeemed, by fiscal years, from 1890 L No. 97.—Percentage of outstanding national-bank notes redeemed and assorted each fiscal year, from 1892, by geographical divisions. No. 98.—Average amount of national-bank notes outstanding, and the redemptions, by fiscal years, from 1875s No. 99.—Percentage of national-bank notes received for redemption from ^ the principal cities and other places, by months, from January, 1890 I , Operations, earnings, and expenditures Coinage capacity, improvements in equipment. The New Orleans mint Subsidiary coinage Minor coinage at all mints Deficiencies in the bullion accounts Minor coinage metal fund ^ Uncurrent domestic gold eoin for recoinage . . . Deposits of gold bullion Deposits of silver bullion Uncurrent domestic silver coin for recoinage . . Deposits of gold and silver since 1880 Deposits of gold since 1873 Coinage of the United States 267 267 268 270 271 271 272 272 No. 100.—Appropriations made for the force eniployed in the Treasurer's office, and salaries paid during the fiscal year 1902 -. No. 101.—Changes during the fiscal year 1902 in the force employed in the Treasurer's office i ' REPORT OF THE DIRECTOR OF THE M I N T . 266 274 274 i 275-460 j J i i i I J J .| J J i j 1 275 276 277 279 280 280 281 281 281 284 284 287 288 288 . I Recoinage of standard silver dollars j Recoinage of uncurrent coin 1 Percentage of abrasion 1 Counterfeit coinage 1 Bars manufactured i Work of Government refineries .1 Purchase of silver L Balances of silver bullion L Distribution of silver dollars L.. Circulation of silver dollars l Seigniorage on silver coinage , | Appropriations and expenditures | Earnings and expenditures | Earnings and expenditures of the mints ancl assay offices Classified statement of expenditures i 291 291 291 300 300 301 302 305 306 307 307 308 309 310 311 CONTENTS. REPORT OP THE DIRECTOR OF THE MINT—Continued. Imports and exports of the precious metals Movement of gold from the port of New York Stock of money in the United States Ownership of the metallic stock Location of the monetary stock Cash holdings of banks other t h a n national Denominations of gold coin in Treasury and banks Stock of gold and silver in t h e United States since 1873 Stock of money in the principal countries of the world in 1873 World's stock of money January 1, 1902 Gold and silver used in the industrial arts Exchange of gold bars for gold coin Production of gold and silver in the United States Production of gold and silver in the w^orld World's coinage Foreign coins melted by certain countries Recoinages of the world ^ Value of foreign coins Laboratory of the Bureau of the Mint Proceedings of the Assay Commission, 1902 Operations of the mint of t h e United States at— Philadelphia, Pa San Francisco, Cal ,. .New Orleans, La Operations of the assay office of the United States at— New York, N . Y Carson, Nev Denver, Colo Boise, Idaho Helena, Mont ,: .>. Charlotte, N. C St. Louis, Mo • Deadwood, S. Dak Seattle, Wash n.. Bullion operations, legal allowance and wastage, mints and assay offices.. Receipts, disbursements, and balances of gold bullion at mints and assay offices • Monetary legislation Monetary statistics of foreign countries XI Page. 312 314 316 317 318 319 328 332 332 333 336 341 342 344 345 346 347 347 349 350 .352 362 370 373 375 376 376 377 377 378 378 379 380 386 386 388 A2:)pendix to report ofthe Director of the Mint. I.—Deposits and purchases of gold and silver, by weight II.—Deposits ancl purchases of gold and silver, by value III.—Deposits of unrefined gold of domestic production, by weight IV.—Deposits of unrefined golcl of domestic production, by value V.—Deposits of unrefined silver of domestic production, by weight VI.—Deposits of unrefined silver of domestic production, by value VII.—Bars manufactured, by weight VIII.—Bars manufactured, by value IX.—Uncurrent domestic coins, by denominations and face values, received from the Treasury and purchased over the counter X.—Quantity and cost of silver used in coinage of silver dollars, and seigniorage on same, fiscal year 1902 XI.—Coinage, fiscal year 1902. 390 392 394 394 396 396 398 398 400 402 404 XII CONTENTS. REPORT OF THE DIRECTOR OF THE MINT—Continued. Page. XII.—Coinage, six months ended J u n e 30, 1902 XIIL—Earnings and expenditures, fiscal year 1902 XIV.—Seigniorage on silver, fiscal year 1902 XV.—Assets and liabilities, fiscal year 1902 X X . —Recapitulation of imports and exports XXI.—Highest, lowest, and average price of silver each year since 1833.. XXII.—Highest, lowest, and average value of a silver dollar each year since 1873 X X I I I . — V a l u e of pure silver in a silver dollar at prices per ounce fine from $0.50 to $1.2929 XXIV.—Ratio of silver to gold each year since 1687 XXV.—Average price of an ounce of gold in London and equivalent value in Unitecl States since 1870 XXVI.—Golcl coinage value of an ounce of fine silver at various ratios . . XXVII.—Bullion value of t h e silver dollar at t h e annual average price of silver from 1837 X X V I I L — A m o u n t , cost, average price, and bullion value of a silver dollar of- silver purchased since 1878 XXIX.—Deposits of unrefined gold and silver of domestic production from organization of mint, by States and Territories, to J u n e 30, 1902.. XXX.—Production of gold and silver in t h e United States since 1792, by years ^ ^ XXXL—Coinage of nations, 1899, 1900, and 1901 XXXIL—AVorld's production of gold and silver, 1899, 1900, and 1 9 0 1 . . . X X X I I I . — P r o d u c t i o n of gold and silver in t h e world since 1493, fine ounces and value ^ XXXV.—Coinage of t h e United States, by pieces and value, since 1792.. XXXVI.—Coinage of dollars, fractional a n d subsidiary silver, by acts since 1792. X X X V I I . — A u t h o r i t y for coining, changes in weight and fineness, ancl amount coined for each coin XXXVIII.—Coinage of t h e United States, by calendar years, from organization of mint XXXIX.—Coinages of various countries since 1873 Currency in t h e Yukon Situation of t h e principal banks of issue REPORT OF THE COMPTROLLER OF THE CURRENCY Condition of national banks Loans a n d discounts Reserve Bonds and circulation Organization Shareholders of national banks Voluntary liquidation Liquidation and consolidation Extension of corporate existence of national banking associations Insolvent national banks Circulating notes of insolvent national banks The national banking system Profit on circulation Taxes and other expenses State banks, private banks, and trust companies Building a n d loan associations Growth of banking in t h e United States since 1882 404 406 408 410 412 412 .413 413 414 415 415 416 416 417 418 419 420 424 426 426 427 428 450 458 459 461-515 ^... 461 463 463 464 466 469 469 470 472 474 478 478 484 486 486 490 491 CONTENTS. XIII REPORT OP THE COMPTROLLER OF THE CURRENCAT—Continued. Page. Money in t h e country Transactions of clearing houses Cost of operation of national banking associations Branch banks.. Banking in t h e new possessions Foreign banks of issue Savings banks of t h e world Foreign postal savings bank returns Banking power of the world Bond and asset secured bank circulation REPORT OF THE REGISTER OF THE TREASURY 492 493 494 497 503 505 506 508 508 509 517-546 Division of loans Bonds issued Bonds canceled Bonds purchased Spanish indemnity certificates •. Dividends of interest Packages received and sent Foreign holdings -. Domestic holdings Analysis of bonds held by national banks Division of notes, coupons, ancl currency Coupon bonds received, entered, redeemed, etc Currency received and destroyed during t h e year '.. Gold certificates Interest checks, number and amount received during year Interest checks, number and amount redeemed during year Issue, redemption, and outstanding of various old issues at close of y e a r . . Recommendations REPORT OF THE COMMISSIONER OF INTERNAL REVENUE 547-624 Receipts for fiscal year Refund of taxes -. Drawback or rebate on original and unbroken factory packages Redemption of stamps Comparison of work of the Bureau Receipts for first three months, current fiscal year Cost of collection 1 :. Estimateel expenses for next fiscal year Salaries Scale of salaries of collectors Official force Storekeepers, gaugers, etc Miscellaneous expenses Comparative statement showing receipts during fiscal year Withdrawals for consumption during the last two fiscal years Aggregate collections by collectors during fiscal year Receipts, by States and Territories, during fiscal year Receipt for past ten fiscal years Revenue agents' division— Expenses for revenue agents Expenditures for t h e discovery and punishment of violators of internal-reveriue law : Amount expended through revenue a g e n t s . . ^. ^ , . . ^ . . , , , . . , . . , , . , , , 517 520 520 521 521 523 524 525 527 528 532 533 539 541 541 544 544 545 547 548 548 548 548549 . 551 552 552 552 553 554 554 555 557 558 559 559 560 560 560 XIV . CONTENTS. REPORT OF THE COMMISSIONER OF INTERNAL REVENUE—Continued. Stamp division— Page. Number and value of internal-revenue stamps issued to collectors during fiscal year 561 Production of stamps 561 Issuance, change, and discontinuance of stamps 561 Return and redemption of stamps 562 Tobacco division— Receipts from taxes on manufactured tobacco during fiscal year 563 Decrease in receipts 563 Receipts and production last four fiscal years 564 Estimated annual production, fiscal year 564 Tobacco and snuff production 565 Cigars, large 565 Cigars, small •. 565 Cigarettes 566 Tobacco-rebate claims , 566 Claims presented for rebate under act of March 2, 1901 567 Leaf tobacco, annual production 568 Manufactured 1:obacco, snuff, cigars, and cigarettes during past ten calendar years 568 Opium 569 Summary of operations of manufacturers of tobacco and cigars during calendar year 1901 569 Quantity of tobacco and snuff manufactured 569 Cigars and cigarettes manufactured 569 Cigar factories '. 569 Leaf tobacco 570 Statement, by districts, of number of cigar factories operated, quantity of tobacco used, and number of cigars made during calendar year 1901 570 Statement, by clistricts, of number of cigarette factories operated, quantity of tobacco used, and number of cigarettes made during calendar year 1 9 0 1 . . 572 Tobacco factories in each district and State, and quantity of leaf tobacco used during calendar year 1901 573 Aggregate quantities of different kinds of tobacco produced in each district and State during calendar year 1901, etc 577 Division of lawySeizures for violations of internal-revenue laws 581 Sales under section 3460, Revised Statutes 581 Suits and prosecutions 581 Offers in compromise 582 Claims for reward 583 •Real estate acquired by t h e United States under t h e internal-revenue laws 583 Refunding claims 584 Abatement claims 584 Violations of law in t h e Hawaiian Islands 584 Division of distilled spirits— Distilleries registered and operated during fiscal years 1901 and 1902. 585 Molasses distilleries 586 Distillation of beet-sugar molasses 586 Fruit d i s t i l l e r i e s , , . . . ,..,.,....,,.__ .,,--,, 586 CONTENTS. XV REPORT OF THE COMMISSIONER OF INTERNAL REVENUE—Continued. Division of distilled spirits—Continued. Page. Total distilleries registered and operated 586 Comparative statemeni of materials used and spirits produced during last two fiscal years. 586 Fruit brandy produced during fiscal year, by collection districts 587 Distilled spirits, in taxable gallons, gauged during fiscal year 1 9 0 1 . . . 589 Distilled spirits, in taxable gallons, gauged during fiscal year 1902 Production of fermented liquors, tax paid, by collection districts, during fiscal year 593 Division of assessments— Assessments by States and Territories, 1902 594 Assessments, by articles and occupations, 1901 and 1902 594 Taxes on deficiencies in production of distilled spirits 595 Stamp taxes assessed and accounted for during fiscal year 596 Quantity of spirits, as known to the trade, remaining in distillery warehouses July 1, 1901 598 Increased production of spirits 600 Distilled spirits deposited in distillery and special bonded warehouses during past twenty-five years 601 Quantity, in taxable gallons, of each kind of spirits, as known to the trade, withdrawn from distillery warehouses, tax paid, during fiscal year „ 602 Increased withdrawals of tax-paid spirits 604 Spirits upon which tax was paid withdrawn during fiscal year 604 Spirits, as per original gauge, withdrawn for all purposes, 1880 to 1902 605 Spirits removed in bond for export 606 Spirits withdrawn from distillery warehouses for scientific purposes during fiscal year 606 Spirits, as known to the trade, remaining in distillery warehouses J u n e 30, 1902 607 Distilled spirits, as known to the trade, produced, withdrawn, and remaining in distillery warehouses during fiscal year, in taxable gallons 609 Stock on hand, production, and movement of spirits for six years 610 Summary of operations at distillery and general bonded warehouses during fiscal year 611 Fruit brandy remaining in special bonded warehouses J u l y 1, 1901, by districts 612 Brandy produced in the several collection districts 612 Brandy withdrawn from special bonded warehouses, tax paid, during fiscal year 613 Summary of operations at special bonded warehouses during fiscal year 613 Removals in bond from brandy distilleries for deposit in special bonded warehouses during fiscal year 614 Brandy produced, withdrawn, and remaining in special bonded ware= houses during fiscal year 614 Miscellaneous division— Oleomargarine 615 Number of manufacturers of, and wholesale ancl retail dealers in, oleomargarine in each. State and Territory 618 Receipts under oleomargarine law during fiscal y e a r . . . , , , . ,, 619 XVI CONTENTS. REPORT OF THE COMMISSIONER OF INTERNAL REVENUE—Continued. Miscellaneous division—Continued. Oleomargarine taxed at the rate of one-fourth cent per pound Renovated butter on hand, in pounds, July 1, 1902, etc Collections from oleomargarine, 1902 Collections from process or renovated butter, 1902 Filled cheese '. Mixed flour Division of chemistry Page. 620 620 620 621 621 622 624 ANNUAL REPORT ON THE FINANCES. TREASURY DEPARTMENT, Washington, D. (7., December ^, 1902, SIR: I have the honor to submit the folloAv^ing report: RECEIPTS AND EXPENDITURES. Fiscal year 1902.. The revenues of the G-overnment from all sources (by A\rarrants) for the fiscal year ended June 30, 1902, A^^ere: From internal revenue ^271,880,122.10 From customs 254,444,708.19 From profits on coinage, bullion deposits, etc 10,979,506.57 From revenues of the District of Columbia 4,217,841.43 From sales of public lands 4,144,122.78 From fees—consular, letters patent, and lands. 4,085,229.87 From navy pension, navy hospital, clothing, and deposit funds . . . . 2,019,850.25 From Indian labor, sales of Indian lands, etc 1 j 775,832.63 From tax on circulation of national banks 1,643,454.73 From payment of interest by Pacific railways 1,564,554.71 From sales of Government property 829,314.15 From customs fees, fines, penalties, etc 828,971.35 From immigrant fund 747,217.15 From miscellaneous 556,153.94 From Soldiers' Home permanent fund 536,045.62 From judicial fees, fines, penalties, etc 334,233.95 From sales of ordnance material and powder 330,438.53 From deposits for surveying public lands 316,579.23 From sale of naval vessels and army transports 313,948.98 From sale of lands and buildings 272,422.72 From tax on seal skins.: 231,821.20 From trust funds, Department of State 222,061.94 From depredations on public lands ; 107,995.58 From license fees, Territory of Alaska 95,805.61 From Postal Service 121,848,047.26 Total receipts 684,326,280.47 The expenditures for the same period weve: For the civil establishment, including foreign intercourse, public " buildings, collecting the revenues, District of Columbia, and other miscellaneous expenses ".^ $111,067,171.39 For the military establishment, including rivers and harbors, forts, arsenals, seacoast defenses, and expenses of the war with Spain and in the Philippines * . . . . 112,272,216.08 For the naval establishment;^including construction of new vessels, . machinery, armament, equipment, improvement at navy-yards, . g-nd expenses of the war with Spain and in the Philippines 67,803,128.24 For Indian Service 10,049,584.86 For pensions .'.... 13'8,488,559.73 FI 1 9 0 2 — 1 http://fraser.stlouisfed.org/ ^ Federal Reserve Bank of St. Louis 2 REPORT ON THE FINANCES. For interest on the public debt For deficiency in postal revenues For Postal Service Total expenditures $29,108,044.82 2,402,152.52 121,848,047.26 , 593,038,904.90 , o . Showing a surplus of ' 91,287,375.57 In addition to the revenues collected during the year, the cash in the Treasury was increased by the folloAN^ing sums- From nationalbank fund, deposited under act of July 14, 1890, in excess of bank notes redeemed, $12,650,160; from issue of 3 per cent bonds under authority of the act of J u n e 13, 1898, for Spanish Avar expenditures, $20, and from the issue of 4 per cent bonds in liquidation of interest accrued on refunding certificates converted during the year, $1,010, making a total of $12,651,190. The securities redeemed on account of the jinking fund Avere as folloAvs: Fractional currency One-year notes of 1863 Two-year notes of 1863 Compound-interest notes Oregon war debt Loan of 1863, called Seven-thirties of 1864-65 Funded loan of 1881, continued Funded loan of 1891, called Funded loan of 1891, continued at 2 per cent Bonds purchased— Loan of 1925 Funded loan of 1907 Loan of 1904 Loan of 1908-1918 |3,088.00 50.00 100.00 2,460.00 100.00 1,000.00 1,000.00 100.00 6,250.00 120,900.00 .$27,321,200.00 24,201,000.00 2,443,750.00 2,105,280.00 56,071,230.00 Premium on bonds purchased— Loan of 1925 Funded loan of 1907 Loan of 1904 Loan of 1908-1918 :. 10,735,209.30 2,958,620.95 175,680.25 173,880.64 14,043,391.14 Total 70,249,669.14 A 6 SECRETARY OF THE TREASURY. C o m p a r e d Avith t h e fiscal y e a r 1901, t h e r e c e i p t s for 1902 d e c r e a s e d $14,990,250.45, as folloAvs: DECREASE IN RECEIPTS FOR Source. 1901. 1902. Increase. 1902. $307,180,663.77 $271,880,122.10 Internal revenue Customs 238,585,455.99 254,444,708.19 $15,859,252.20 Proiits on coinag:e, bullion deposits, etc. 12,731,256.94 10,979,506.57 Tax on seal skins, and rent of seal islands 232,655.75 231,821.20 1,493,321.24 1,775,832.63 Sales of Indian lands 282,511.39 Sales of Government p r o p e r t y 450,698:49 829,314.15 378,615.66 Sales of public lands 2,965,119.65 4,144,122.78 1,179,003.13 District of Columbia. 3,986,176.19 4,217,841.43 231;665.24 N a v y pension, navy hospital, clothing, and deposit funds. 1,778, 454.91 2,019,850.25 241,395.34 3,414, 933.49 Fees—consular, letters patent, and land 4,085,229.87 670,296.38 75, 977.70 107,995.58 Depredations on public lands 32,017.88 711, 791.43 828,971.35 Customs fees, fines, penalties, etc 117,179.92 324, 078.33 334,233.95 10,155.62 Judicial fees, fines, penalties, etc 585, 082.70 747,217.15 162,134.45 I m m i g r a n t fund 247, 258.90 316,579.23 Deposits for surveying public lands . . . 69,320.33 1,316, 616.62 248,038.09 P a y m e n t of interest by Pacific raihvays 1,564,554.71 236, 897.53 272,422.72 35,525.19 Sales of lands and buildings Tax on national banks 1,681, 473.05 1,643,454.73 492, 623.66 536,045.62 Soldiers' Home permanent fund 43,4-^1.96 434, 968.36 20,000.00 Prize money 854,021.49 1,166, 626.37 Miscellaneous 330,438.53 703, 054.42 Sales of ordnance material 313,948.98 57, 220.81 Sales of old vessels. 256,728.17 F r o m sale of claim of United States against Sioux City and Pacific Rail2,122,841.24 road Company Dividend paid by receivers of Union Pacific Railroad for account of Kansas Pacific 133,942.89 P a r t p a y m e n t Central Pacific Railroad indebtedness 4,576,247.10 111,631,193.39 121,848,047.26 10,216,853.87 Postal Service Total . 699,316,530.92 684,326,280.47 Decrease. $35,300,541.67 i,"751,'756!37 834.55 38,018.32 414,968.36 312,604.88 372,615;89 2,122,841.24 133,942.89 4,576,247.10 30,034,114.82 45,024,365.27 Net decrease. 14,990,250.45 T h e r e A\^as a decrease of $38,776,495.51 in e x p e n d i t u r e s , as folloAvs: DECREASE IN EXPENDITURES FOR Object. 1901. 1902. 1902. Increase. Decrease. CIVIL ESTABLISHMENT. Legislative$11,211,514.80 $11,330,201.87 $118,687.07 Salaries and expenses Executive proper— 213,310.64 213,585.22 274.58 Salaries and expenses D e p a r t m e n t of S t a t e 186,467.44 156,015.39 Salaries and expenses 30,452.05 3,217,900.35 Foreign intercourse 2,765,734.01 T r e a t y obligations between United States and Spain in 1900 100,000.00 Treasury D e p a r t m e n t 3,395,011.92 138,317.32 Salaries and expenses 3,5^,329.24 686,610.52 Independent Treasury . 683,544.89 1,906,475.17 Mints and assay offices 1,535.666.06 224,241.84 Territorial gov"ernments 165,734.85 4,278,479.65 Salaries, etc., internal revenue 4,248,497.33 1,711,803.07 Miscellaneous, internal r e v e n u e . . . . 1,359,659.97 Rebate of t a x on tobacco 2,928,191.28 2,928,191.28 Collecting customs revenue 7,713,418.82 7,967,473.86 254,055.04 Refunding excess of deposits, customs 7,718,057.34 5,414,259.82 Debentures or drawbacks, customs 5,257,980.91 5,236,157.44' Miscellaneous items, customs 209,171.23 242,752.01 "**33,'586.*79' Revenue-Cutter Service 1,256,550.61 1,203,637.12 Regulating immigration 3a3,195.34 399,692.38 66,497.04 Chinese-exclusion acts. 158,928.84 202,744.03 43,815.19 199,511.39 112,514.96 New revenue vessels $452,166.34 • 100,000.00 3,065.63 370 809.11 58,506.99 29,982.32 352,143.10 2,303,797.52 21,823.47 52,913.49 86,996.43 EEPORT ON T H E FINANCES. DECREASE IN EXPENDITURES FOR 1902—Continued. Object. . 1901. 1902. T r e a s u r y Department—Continued. $140,078.25 $150,032.16 Alien contract-labor laws Marine-Hospital Service 1,240,192.37 1,234,264.51 Life-Saving Service 1,650,907.17 . 1,667,688.48 "4,181,403.39 Light-House Establisliment 3,638,898.53 Coast a n d G-eodetic Survev 838,832.07 • 753,298.04 344,490.06 Steamboat-Inspection Service 354,929.90 2,653,522.43 2,058,598.21 EnfirravinsT a n d Dr inti nor .... 4,919,574.17 Public buildings 6,781,368.78 881,279.99 869,316.72 Fuel etc Dublic buildincrs 1,080,029.26 Custodians and janitors 1,033,552.14 257,389.74 F u r n i t u r e for public buildings 287,15.5.30 Heating a;^paratus,public buildings 164,257.68 178,576.68 34,325.50 Vaults, sates, etc., public buildings.. 56,543.78 51,435.72 Fish hatcheries 43,660.81 Salaries a n d expenses, Fish Commission .... 489,255.45 473,236.85 271,82-^.94 National Museum 240,096.46 83,393.19 Zoological P a r k , 75,388.63 140,(09.18 Smithsonian Institution 141,176.87 270,059.55 I n t e r s t a t e Commerce Commission.. 257,548.50 193,257.73 F r e n c h spoliation claims 29,006.68 Claims u n d e r Bowman and Tucker acts 14,068.87 407,855.31 173,872.41 .141,814.53 Epidemic diseases Buffalo Exposition, Niagara frontier ; 343,692.92 83,756.90 Louisiana P u r c h a s e Exposition, St. Louis 45,275.59 17,321.03 Refunding customs revenue collected from P o r t o Rico 399,988.10 506,011.90 P a y m e n t of debt of Hawaii 751,202.44 2,488,071.88 . F o r credit Central Pacific Railroad indebtedness •... 1,496,090.41 Credits in settlement of indebtedness of Sioux City a n d Pacific Railroad Company .. 250,84L24 Miscellaneous items 666,825.63 859,839.95 War D e p a r t m e n t Salaries and expenses 2,385,030.04 2,878,223.83 N a v y Department— 498,897.02 478,325.56 oalaries and expenses terior D e p a r t m e n t Salaries and expenses 4,742,480.28 4,728,737.91 3,212,636.28 Public Lands Service 3,171,031.35 1,200,000.00 Colleges for agriculture. I,'200,000.00 Twelfth census 2,915,194.81 7,809,948.00 Liquidation of deposits in Hawaiian Postal Savings Bank ' 757,024.67 4,460.38 Reconstructing rooms of old Lib r a r y of Congress 288,021.93 205,365.43 Miscellaneous items 785,020.23 1,048,191.98 Post-Office D e p a r t m e n t Salaries a h d expenses 986,574.57 1,053,649.79 Deficiency in postal revenues 4,954,762.21 2,402,152.52 Mail t r a n s p o r t a t i o n . Pacific railways 606,534.08 592,682.31 D e p a r t m e n t of A g r i c u l t u r e Salaries a n d expenses 3,423,215.92 2,900,653.45 A'V'eather Bureau 1,063,244.00 1,156,773.69 D e p a r t m e n t of L a b o r Salaries a n d expenses 176,202.49 169,921.35 D e p a r t m e n t of J u s t i c e Salaries a n d expenses 473,903.04 435,608.17 Salaries of justices, assi s t a n t attorneys, etc 1,090,048.60 1,038,000.85 Salaries, fees, and expenses of marshals . 1,116,465.33 1,151,35L20 Fees of witnesses ". 829,086. or 774,958.88 Salaries and fees of district attorneys ;... 430,357.87416,257.34 Fees of j u r o r s 610,528.11 614,858.37 Fees of clerks 228,757.69 247,928.05 125,871.20 Fees of commissioners I30,53L70 Support of prisoners 688,533.58 734,008.16 P a y of bailiffs 146,691.20 146,82^.52 29,937.24 26,496.64' J u d g m e n t s , United States c o u r t s . . . 1,051,857.01 9^3,492.33, Miscellaneous items District of C o l u m b i a Salaries a n d expenses 8,748,323.04 9,363,742.00 Deduct r e p a y m e n t s in excess of expenditures .- '. Total Civil Establishment Increase. $9,953.91 16,781.31 542,504.86 85,534.03 594,924.22 11,963.27 46,477.12 7,774.91 $5,927.86 10,439.84 1,861,794.61 29,765.56 14,319 00 22,218.28 16,018.60 31,732.48 8,004.56 12,511.(15 164,251.05 1,167.69 393,786.-44 32,057.88 259,936.02 27,954.56 106,023.80 1,736,869.44 1,496 090.41 193,014.32 •250 841 24 493,193.79 20,571.46 13,742.37 41,604.93 4,894,753.19 752,564.29 263,171.75 67,075.22 82,656.50 2,552,609.69 13,851.77 522,562.47 93,529.69 6,28L14 38,294.87 52,047.75 34,885.87 54,128.09 4,330.26 19,170.36 4,660.50 45,474.58 137.32 14,100.53 3,440.60 98.364.68 615,418.96 124,464,465.84 18,617,238 82 2,182,462.74 122,282,003. iO 113,469,323.91 Decrease. 2,182,462.74 7,622,096.89 16,434,776.08 SECRETARY OE T H E TREASURY. DECREASE IN EXPENDITURES FOR 1902—Continued Object. 1901. 1902. Increase. Decrease. M I L I T A R Y ESTABLISHMENT. National defense ?.. Emergency fund Refunding customs revenue collected from P o r t o Rico. Pay D e p a r t m e n t — E x t r a pay, w a r with Spain Subsistence D e p a r t m e n t Quartermaster's Department..' Medical D e p a r t m e n t Ordnance D e p a r t m e n t :.... — Engineer D e p a r t m e n t Signal Service Military telegraph a n d cable lines Military Academy Improving h a r b o r s Improving rivers — Bringing home r e m a i n s of officers, soldiers, and others Military posts National Homes for Disabled Soldiers. State homes for disabled soldiers S u p p o r t of Soldiers' Home Soldiers' Home p e r m a n e n t fund Soldiers' Home i n t e r e s t account Reirhbursing States a n d Territories, expenses of raising troops, Spanish , war Refunding t o States expenses incurred in raising volunteers Miscellaneous items Total Military Establishment . NAVAL ESTABLISHMENT. o National defense ; Emergency fund Increase of t h e Navy. Bureau of Yards and Docks Bureau of E q u i p m e n t Bureau of Navigation Bureau of Construction and Repair Bureau of Ordnance Bureau of _Steam Engineering Bureau of Supplies a n d Accounts Bureau of Medicine a n d Surgery Marine Corps Naval Academy. Pay of t h e N a v y General account of advances J u d g m e n t s , b o u n t y for destruction of enemies' vessels Miscellaneous i t e m s — $900,233.00 360,583.08 $42,362.20 $900,233.00 318,220.88 372, 090.34 38,243, 279.21 249, 324.61 12,764, 977.27 •48,222,948.50 2,553, 168.24 11,631, 915.70 841, 094.75 446,698.93 123, 050.00 398, 891.67 6,781,441.94 12,763,031.77 36,915,284.17 82, 538.85 6,420,827.28 31,725,860.32 850, 602.41 11,155, 777.83 755, 091.75 245, 379.06 106,491.47 257, 104.92 6,331,767.29 8,616,213.45 372, 090.34 1,327, 995.04 166, 785.76 6,344, 149.99 16,497, 088.181,702, 565.83 476, 137.87 86, 003.00 201, 319.87 16, 558.53 141, 786.75 449, 674.,66 4,146, 818.32 201,367.85, 648,919.77 3,276,708.85 1,133,380.59 492,610.71 248,000.00 78,032.77 109,972.27 1,053,242.45 3,236,434.40 1,004,724.80 536,045.62 236,000.00 87,661.27 964,186.77 599,431.34 919,760.88 1,053,652.42 849,750.51 144,615,697.20 112,272,216.08 203, ..74 555: 395.72 15,202; 578.53 5,294, 178.98 4,060, 522.73 473: 590.51 7,8I0; 405.49 •3,097; 203.2? 3,542 627.02 3,573; 119.61 403; 893.29 2,318,.064.18 725, 728.03 13,347, 545.36 541,262.14 91,395.58 $404,322.68 "9,'628 ."56" Total.Naval Establishment. Indian Service Pensions I n t e r e s t on t h e public debt.. Grand t o t a l . . N e t decrease. 70,010.37 1,511,038,51 33,854,519.63 314,853,97 61,150,010.60 Deduct r e p a y m e n t s in excess of expenditures , 12,000.00 364,755.43 1,053,652.42 24,999.72 114,019.42 19,793,144.29 4,590,565.76 407,601.31 5,701,780.29 5,144,548.32 1,084,025.59 106,957.43 580,547.94 6,998,828.98 2,549,000.51 3,253,231.78 384,699.68 3,957,819.29 11,977.63 415,870.92 400,557.77 2,718,621.95 146,970.10 872,698.13 13,017,036.61 1,905,889.92 1,905,889.92 314,853.97 440,236.20 40,274.45 128,655.79 43,434.91 178,896.02 441,376.30 811,576.51 548,202.76 289.395.24 330,508.75 101,025.94 2,700,981.52 • 643,032.13 643,032.13 60,506,978.47 67,803,128.24 9,354,099.16 10,896,073.35 139,323,621.99 32,342,979.04 10,049,584.86 138,488,559.73 29,108,044.82 509,967,353.15 471,190,857.64 18,487,234.56 2,057,949.39 846,488.49 835,062.26 3,234,934.22 57,263,730.07 38.776.495 51 . 6 REPORT ON THE FINANCES. Fiscal year 1903. The revenues of the Government for the current fiscal year are thus estimated upon the basis of existing laAVS: From From From From customs internal revenue miscellaneous sources Postal Service $300,000,000.00 222,000,000.00 40,000,000.00 132,020,630.00 ! Total estimated revenues. 694,020,630.00 The expenditures for the same period are estimated as fO11OA\^8 : For For For For For For For the civil establishment the military establishment the naval establishment the Indian Service pensions interest on the public debt Postal Service. :...., $126,000,000.00 130,000,000.00 85,000,000.00 13,000,000.00 138,000,000.00 27,000,000.00 132,020,630.00 TotaljBstimated expenditures Or a siu'plus of 651,020,630.00 ' '... 43,000,000.00 Fiscal year 190Jf. It is estimated that upon the basis of existing laAvs the revenues of the Government for the fiscal year 1904 Avill be : From From From From customs internal revenue miscellaneous sources Postal Service « Total estimated revenues . |315,000,000.00 230,000,000.00 o 40,000,000.00 144,767,664.00 "..' 729,767,664.00 The estimates of appropriations required for the same period, as submitted by the several Executive Departments and offices, are as folloAvs: . Legislative establishment Executive establishment— Executive proper State Department. Treasury Department Vi^ar Department Navy Department Interior Department Post-Office Department. Department of Agriculture. Department of Justice Department of Labor Judicial establishment Foreign intercom*se Military establishment Naval establishment Indian affairs Pensions. |5,267,845.50 ^... 1319,500.00 206,410.00 9,974,720.00 2,193,466.00 539,768.00 5,222,499.00 1,520,630.00 5,660,150.00 240,290.00 184,220.00 26,061,653.00 756,270.00 2,145,415.69 77,986,515.29 74,884,540.58 7,685,790.52 139,846,480.00 SECRETARY OF THE TREASURY. Public v^rorks— Legislative ' Treasury Department War Department Navy Department Interior Department Deoartment of Justice ...' Miscellaneous— Legislative Treasury Department War Department Interior Department Department of Justice District of Columbia |5,500.00 13,172,149.27 40,175,613.03 7,541,490.00 303,100.00 80,000.00 $61,277,852.30 !... 6,235,137.82 17,727,309.50 6,406,411.10 4,783,747. OQ 6,285,840.00 11,005,628.00 Postal Service, including $8,242,856 deficiency in postal revenues..... Permanent annual appropriations— Interest on the public debt 25,000,000.00 Refunding—customs, internal revenue, etc 11,410,000.00 Collecting revenue from customs 5,500,000.00 Miscellaneous 34,679,820.00 . Total estimated appropriations, exclusive of sinking fund Or an estimated surplus of 52,444,073.42 153,010,520.00 76,589,820.00 677,956,776.30 51,810,887,70 OPERATIONS OF THE TREASURY. The Treasurer of the United States in his annual report distinguishes, as the striking features of the condition of the Treasury, the magnitude of the available cash balance and the unprecedented holdings of gold. Among the notable events of the last fiscal year are the diminution of revenues due to the repeal of Avar taxes, the reduction of expenditures, and the changes in the composition of the paper currency. United States notes and Treasury notes Avere redeemed in gold to the amount of Sl?'*,482,590 of the former and $1,274,590 of the latter, without any impairment of the.gold reserve of $150,000,000. The increase of the available cash balance Avas $33,780,563, bringing the total on June 30 to $212,187,361. By October 1, 1902, the total increased to $221,253,394, but Avas reduced by November 1 to $206,421,878.30. Inclusive of the gold reserve, the available balance on June 30 Avas $362,187,361, the largest in the history of the Department, for Avhile these figures are exceeded by the records of 1879, the latter included in the account the funds held temporarily against called bonds. After alloAving for subsidiary silver, silver bullion, and minor coin not available for large payments, there remained in the Treasury vaults November 1 a fund of over $56,000,000, Avhich is slightly in excess of Avhat is deemed a fair Avorking balance. Nearly half of the net available cash balance, over and above the reserve of $150,000,000, Avas in gold and gold certificates, Avhich amounted to $103,801,290, and increased by November 1 to $113,542,933, a sum far exceeding the outstanding liabilities. 8 - R E P O R T ON T H E FINANOES. The first quarter of the noAv fiscal year Avas marked by an increase in customs, offsetting the reduction by the ncAv statutes in internal revenue. ;=- Both the receipts and the expenditures Avere in excess of the corresponding months in the year preceding. On November 1 a surplus of $13,296,491 was shown for the current fiscal year. In the total amounts of bonds held for national banks as security for circulating notes, the most significant changes were a reduction of nearly $14,000,000 between October and June, and an increase of nearly $9,000,000 between June and October. On June 30 all of the 2 per cent consols were on deposit in the Treasury with the exception of $42,394,250, and by November 1 all but $35,196,700. The bank« with securities pledged for circulation oh J u n e 30 numbered 4,553, an increase of 366 for the year. More than 50 per cent of the banks had deposits of less than $100,000 for circulation, and nearly onethird had less than $25,000, while 479 had no more than $10,000 each. Under a ruling of the Secretary, State and city bonds amounting to $19,474,500 were received to November 10 as part security for public deposits to release United States bonds which were transferred to secure circulation. The unparalleled volume of gold certificates outstanding is the result of the freedom with which they can be issued in consequence of the natural flow of gold from many sources into the Treasury. They are issued against deposits of coin and are paid out for gold bullion and the obligations of the Government. On J u n e 27 they for the first time exceeded in volume the United States notes. The increase in the fiscal year was $57,594,400, which was followed by another of $16,^99,000 in the next three months, bringing the total up to $363,311,089. The Treasury derives gold from several sources. .Substantially, the whole receipts from customs^ are in gold' or the representative certificates. The total acquired through the custom-houses during the year is placed at over $215,000,000. Deposits of gold amounting to $22,021,500 were made in New York for the transfer of currency to other points. These deposits began early and were larger than in any recent years except 1900, and for the first time the Treasury was able to -receive gold and supply the kinds and amounts of paper currency desired, which were usually United States notes and- silver certificates of small denominations. The gold received at the mints and assay offices is paid for mostly by checks. For deposits of gold in San Fi'ancisco payments were made by telegraph in New York to the amount of $10,473,000 before November 1. During the year ended September 30, 1901, there was an addition, of $75,956,845 to the paper currency of $20 an<i under, while only $9,794,500 was added to the higher denominations. Inclusive of gold coin, the smaller denominations constituted over 80 per cent of SECRETARY OF THE TREASURY. 9 the whole stock of money. In the next twelve months the increase of the smaller denominations AA^as $71,283,129, and of the higher only $4,745,750, raising the percentage of the former to over 83. The demands of the pebple for notes of small denominations have surprised the closest students of the currency. In 1890 there were 37,065,880 pieces of Government paper issued, of the average value of $6.61. In 1902 the issue was 116,697,874 and the average value $4. The facilities for production, so far as the Treasurer's office is concerned, have been often increased, and now seem, to be sufficient for present requireraents. In July, August, and September, 1902, the issues and redemptions were each over 7,000,000 pieces greater than in the same months of the preceding year. The average value has fallen to $3.62. The currency distributed from Washington to the subtreasuries and banks during the fiscal year amounted to $387,319,888,^against $319,912,188 in the year preceding. From the occupation of the Philippines to September 15 last, an aggregate of $27,331,050 in American money was sent there to be used in Government disbursements. Of this, $15,680,000 was in paper, $10,290,000 in gold, and the remainder in silver and minor coin. There is no record to show what has been returned. The act of March 14, 1900, has been carried out in accordance with the spirit and letter of the statute. The parity of all kinds of currency has been maintained. For the present, no silver certificates are issued of higher denomination than $5, and no United States notes of any other denomination than $10, while gold certificates alone are issued in the higher forms. As a consequence, the paper currency is gaining in simplicity. Generous ^ Congressional action has made it possible to provide a fair reserve of finished notes of all denominations ready for issue, and the Treasury has been able to meet all demands for currency ^without any restrictions upon the denominations paid out or the kinds of money received in return. The receipts for redemption and exchange during the fiscal year amounted to $723,275,246, an increase of $54,864,865 over 1901. National-bank notes amounting to $171,869,258, equal to 48 per cent of the average outstanding, were presented during the year for redemption, an increase of $24,382,681 over the previous year. Ih the first quarter of the current fiscal year presentations for redemption amounted to $39,791,201, an increase of $3,283,510 over-the same period in 1901. The volume of notes outstanding was further increased $10,321,507, making the aggregate $366,993,598. The expenses of redemption for the fiscal year AA^ere $153,796, which have been assessed upon the banks at the rate of $0.92444 per $1,000 of their notes redeemed. There AA^as unusual activity in the movement of silver and minor coin to and from the Treasury. The shipments of silver dollars 10 ^ REPORT ON THE F I N A N C E S . reached $40,404,325, exceeding all former records, and the returns for exchange Avere $2,710,690 greater than the issues. The amount of subsidiary coin outstanding Avas increased by $6,486,014 to $85,721,228. A recoinage of $4,331,043 of all kinds of uncurrent coins was executed, at a loss of $198,148 on the original face value. There was a marked falling off in the amount of spurious coin and paper money presented. . THE MINT SERVICE. The mints at Philadelphia, New Orleans, and San Francisco were in operation throughout the fiscal year. The total number of coins struck was 191,419,506, of the value of $94,526,678.12. Gold coinage amounted to $61,980,572.50, silver dollars to $19,402,800, subsidiary silver coins to $10,713,569.45, and minor coins to $2,429,736.17. Gold bullion in the mints increased during the year from $109,219,493 to $124,083,823. The coinage of silver dollars was wholly from bullion purchased under the act of July 14, 1890. Of this, there remained on July 1, 1902, 33,218,712 fine ounces. . The new mint edifice at Philadelphia was occupied in October, 1901, and with its equipment now constitutes probably the most modern and complete coinage establishment in the world. Its ultimate capacity when fully equipped will be much beyond what is at present required. The total appropriation made for equipment was $440,185, of which $349,720.84 had been expended up to July 1, 1902. The contract for the interior construction of the new mint at Denver has been awarded. That machinery and other equipment may be ready for installation Avhen the building is completed, a further appropriation for that purpose should now be made. The mint at San Francisco is being supplied with new machinery to bring its equipment up to the standard of efficiency established at Philadelphia. The mint at New Orleans has been engaged for several years almost wholly upon the coinage of silver, and the approaching exhaustion of the supply of silver bullion in the Treasury raises the question as to the employment of this institution in the future. The opening of the new mint at Denver will provide a natural place of deposit for the gold bullion produced in the Central West, the mint at San Francisco Avill receive the. production and imports of the Pacific coast, and the mint at Philadelphia will receive the imports at New York. The receipts of gold at. New Orleans do not justify the continuance of coinage operations there. In view of these facts, the Director of the Mint recommends that after June 30, 1903, the New Orleans mint be reduced to an assay office. The stock of subsidiary silver in the country is now limited by law to $100,000,000, and .that aggregate has. been reached. The SECRETARY OF THE TREASURY. 11 amount in the Treasury on the 1st day of October, 1902, was $8,082,371.28, -and as this was distributed among 10 offices and included all denominations and a considerable amount that was uncurrent; it is apparent that the ability of the Treasury to meet further demands from the public is very limited. There is pressing need for action by Congress, and it is recommended that the limit upon the stock of subsidiary silver coin be entirely removed; t?hat the requirement that $1,500,000 of silver dollars be coined monthly be repealed, and that the entire stock of silver bullion now in the Treasury be converted into subsidiary coin. The total earnings and gains of the Mint Service, including seigniorage on silver dollars, subsidiary silver coin, and minor coin, exceeded the expenditures by $9,460,994.12. The earnings and gains wei^e as follows: Parting and refining charges Alloy charges .....' Melting, assaying, and stamping charges Seigniorage on standard silver dollars Seigniorage on subsidiary silver coin Seigniorage on minor coin Profits on manufacture of proof coins and medals Gains on bullion deposits Proceeds from sale of old material Special assays, amount received for Sale of by-products : Amount received for manufacture of counting boards, etc Gain on silver *'stock" medals, melted Total earnings and gains. ' $187,099.66 10,920.61 45,490.16 5,824,683.44 3,269,802.42 1,919,370.25 • 1,710.88 81,551.36 10,462.83 3,467.00 16,777.55 117.75 .82 11,371,454.73 The expenditures, including new equipment, were as follows: Equipment, Philadelphia mint $191,864.61 Equipment, Denver mint 1,790.73 Transfer of gold coin and bullion between mints and assay offices 66,964.01 Amount paid in salaries and wages .; 1,244,828.02 Contingent expenses (less wastage and loss on sweeps sold) . . . . . . . . 323,447.44 Wastage and loss on sale of sweeps 30,289.93 Expense of distributing minor coin 40,222.01 Loss on bullion shipped to mint ' 94.49 Loss on recoinage, minor coin ' 10,959.37 Total expenditure and loss .- 1,910,460.61 The production of gold in the United States during the calendar year 1901 is estimated at $78,666,700. The industrial consumption during the year is estimated at $21,868,956. The net imports of gold during the fiscal year ended June 30, 1902, were $3,452,304. The stock of gold coin in the country, including bullion in the mints on June 30, 1902, is estimated at $1,192,395,607. ENGRAVING AND PRINTING. The general prosperitj^ of the country is probably in no way better shown than in the business of the Bureau having charge of the work of engraving and printing the securities and stamps needed in the 12 REPORT ON THE FINANCES. business of the Department. During the year there has been an enormous increase in the demand for these securities and stamps. At the commencement of the year the Treasurer of the United States required 72,000 sheets a day of United States notes and silver certificates. By October 1, 1901, this had increased to 88,000 sheets a day; by November 25, 1901, to 112,000; by „December 3, 1901, to 128,000; and early in January, 1902, to 136,000, or nearly double the amount supplied daily at the beginning of the year. The total number of sheets of notes and bonds delivered during the year was 36,586,052, the total sheets delivered during the preceding year being 24,303,731, an increase of 12,282,321. The demands of the Commissioner of Internal Revenue for internalrevenue stamps caused a delivery of 54,572,605 sheets, being an increase of 1,623,437. To meet the requirements of the PostmasterGeneral for postage stamps, 45,880,080 sheets were delivered, being an increase of 3,710,287 over the previous year. The deliveries of miscellaneous AA^ork were 2,135,599 sheets during the fiscal year 1901 and 2,128,622 sheets in 1902, a slight decrease. • The aggregate of all classes of work increased from 121,558,291 to 139,167,359 sheets, a total increase of 17,609,068. The aggregate amount of work delivered during the year was 15 per cent greater than that in any previous year in the history of the Bureau. In addition to this large increase in the amount of securities and stamps completed and delivered, the stock of unfinished work in the Bureau of En^Taving and Printing was doubled. The amount of United States notes and silver certificates in the reserve vault of the Treasury of the United States was increased more than threefold. This will permit these notes to become thoroughly seasoned before issue, which will add greatly to their appearance and wearing qualities. In view of the expiration of the. charter period of twenty years for which national banking associations were authorized to extend their corporate existence by. act of July 12, 1882, it became necessary during the fiscal year to prepare new designs for circulating notes for national banks. New designs of backs and faces for such notes of the denominations of five, ten, twenty, fifty, and one hundred dollars were accordingly engraved, and currency, known as the series of 1902, issued to banks authorized to receive it. By the act of April 12, 1902, the tax on beer, tobacco, snuff, and cigarettes was changed, and additional stamps were authorized for renovated butter, adulterated butter, and oleomargarine, colored and uncolored. This act took effect July 1, 1902, and the stamps required for its full operation were promptly furnished by the Bureau of Eiigraviiig and Printing. SECRETARY OF T H E TREASURY. 13 It has been necessary, in order to furnish the quantity of securities and stamps needed in the business of the country, to continue the night force of printers and their assistants, and to extend at times the hours of labor of the entire day printing force equal to one-fourth time. The working of this night force is objectionable, for the reason t h a t it consists in a great part of young women, who are required to pass through the streets to their homes at a late hour of the night. The force of the Bureau occupies every available square foot of space in its building and the addition authorized by the act of June 6, 1900. To avoid the necessity for a night force, it is recommended that an additional building be provided. An estimate for this purpose, including the purchase of a site therefor, will be submitted to Congress. PUBLIC MONEYS. The monetary transactions of the Government have been conducted through the Treasurer of the United States, 9 subtreasury officers, and 574 national-bank depositaries. The amount of public moneys held by the bank depositaries on June 30, 1902, including funds to the credit of the Treasurer's general account and United States disbursing officers, was $123,983,067.59, an increase since June 30, 1901, of $23,972,573.64. On J u n e 30, 1902,* there were 329 temporary depositaries. One hundred and eleven were designated during the year and 19 discontinued. . On November 1 there were 442 temporary depositaries, and the total of public moneys held by all depositaries was $146,885,012.49. NATIONAL BANKS. The number of associations in active operation October 31, 1902, was 4,678, with authorized capital of $713,435,695; bonds on deposit to secure circulation, $338,352,670, and circulation outstanding secured by bonds, $335,783,189. The geographical distribution of banks organized from March 14, . 1900 (the date of the act which permitted the organization of banks with a minimum capital of $25,000), to October 31, 1902, with capital and bonds deposited as security for circulation, is as follows: 14 REPORT ON T H E FINANCES. NATIONAL BANKS OKGANIZED FROM MARCH 14, 1900, TO OCTOBER 31, 1902. Capital —$50,000. Capital $50,000-f. Total organizations. States, etc. Capital. No. Maine N e w Hampshire.. Total Eastern States 125,000 13 3,125,000 18 3,250,000 23 5,510,000 •625,000 8 72 9,740,000 46 6,095,000 945,000 20 133 11,322,000 50,000 2 18 1,032,000 50,000 Ohio Indiana Illinois Michisran Wisconsin — . . . . Minnesota Iowa Missouri 36 24 49 4 13 62 49 9 990,000 645,000 1,300,000 110,000 330,000 1,570.000 i,;mooo 730,000 660.000 8 610,000 10 50,000 I 110,000 2 850,000 8 350,000 4 625,000 10 375,01)0 4 750,000 7 41 2,810,000 11 2,270,000 270,000 5 111 9,730,000 30 •4,170,000 17 1,950,000 17 3,300,000 430,000 6 11 1,050,000 II 700,000 17 960,000 7 1,485,000 Banks capital, -$50,000. $12,000 10,000 25,000 Banks capital, $57,500 50,000 22,500 175,000 50,000 13,000 69,500 Total. $69,500 60,000 25,000 175,000 50,000 3.5,500 345,500 415,000 875,000 199,550 132,500 133,550 573,600 1,617,750 25,000 77,700 190,000 1,074,550 266,050 2,191,350 25,000 267,700 219 19,444,000 1,009,400 2,815,250 3,824,650 137,750 125,750 80,250 13,250 63,000 17,500 40,000 6,250 31,500 913,400 18,750 101,800 47,000 192,500 182,500 12,500 32,500 182,500 100,000 165,000 143,750 162,500 742,750 374,000 92,500 330,250 308,250 92,750 45,750 245 500 117,500 205 000 150,000 194,000 1,656,160 18,750 475,800 139,50D 307 14,985,500 1,596,200 2,383,000 3,979,200 5,160,000 2,595,000 4,600,000 540,000 1,380,000 2,270,000 2,260,000 1,725,000 312,550 1,027,500 213,050 • 510,000 500,000 800,000 28,550 157,500 90,950 286,250 560,250 204,500 475,750 282,500 87,750 340,000 1,340,050 723 050 1,300,000 186 050 377,200 764,750 758,250 327,750 24 23 10 4 16 6 16 5 12 153 3 22 13 66 41 66 10 24 73 66 16 1,080,000 975,000 280,000 160,000 1,095,000 410,000 777,500 400, (JOO 875,000 5,833,000 75,000 2,545,000 480,000 240,000 Total Middle States 246 6,485,000 N o r t h Dakota . . . . SouthDakota Nebraska Kansas Montana. . ... Wyoming Colorado New M e x i c o . . . . . . Oklahoma Indian T e r r i t o r y . 880,000 35 600,000 24 735,000 28 24 615,000 2 55,000 3 75,000 265,000 10 150,000 6 53 1,340,000 43 1,135:000 Total W e s t e r n States 228 5,850,000 3 4 4 . 5 1 80,000 100,000 105,000 125,000 30,000 3 •80,000 1 25,000 21 545,000 Total P a c i f i c States Total U n i t e d States 7 109 2,839,000 110 16,605,000 Virginia . . . . . . . 16 420,000 West Virginia — 13 365,000 N o r t h Car olina... ' 9 230,000 South Carolina... 50,000 2 Oeorfiria 245,000 8 Florida 60,000 2 Alabama 6 • 152,500 Mississippi 25,000 1 125,000 5 IjOuisiana Texas 112 3,023,000 Arkansas 75,000 3 Kentucky^ 275;000 11 210,000 8' Tennessee Total Southern States... 196 5*255,500 Washington Oregon California Idaho Utah Nevada Arizona Alaska Hawaii $225,000 200,000 Capital. 585,000 23 320,000 12 61 1,582,000 2 50,000 11 302,000 5 N e w York NewJersey Pennsylvania Delaware 4 2 No. 5 2,150,000 500,000 1 50,000 1 1 2 1 ' Total New England S t a t e s . . . . Capital. 5 $250,000 225,000 3 25,000 I 5 2,150,000 500,000 1 100,000 3 $25,000 25,000 25,000 1 1 1 TVlassacliusetts.... Rhode Island Connecticut No. Bonds deposited. 805 21,099,500 362 20,530,000 2,268,850 3,508,250 5,777,IOO 50,000 100,000 50,000 650,000 250,000 100,000 700,000 50,000 400,000 555,000 930,000 36 700,000 26 29 785,000 32 1,265,000 3 305,000 5 175,000 965,000 17 200,000 7 59 1,740,000 53 1,690,000 285,500 172,550 233,300 223,500 14,000 18,750 71.500 48,800 453,250 315,400 19,000 25,000 12,500 200,000 50,000 50,000 190,000 12,500 105,000 138,750 . 301,500 197,550 245,800 423,500 64,000 68,750 261,500 61,300 558,250 454,150 39 2,905,000 267 8,755,000 1,836,550 802,750 2 639,300 75,000 101,250 33,000 411,500 43,800 20 000 116 14,045,000 1 2 1 8 1 2 7 1 6 10 380,000 100,000 1,855,000 . 175,000 80,000 26,250 33,000 36,500 31,300 7,500 11 1,750,000 50,000 1 50,000 1 7 4 15 6 2 3 80,000 20,250 I 500,000 2 525,000 6,566 50,000 56,500 18 2,650,000 39 3,195,000 .161,300 525,000 686,300 6,941,800 10,379,750 17,321 550 4 300,000 407 49,060,000 1,212 70,159,500 375,606 . 12,500 I2,5(»0 20,250 SECRETARY OF T H E 15 TREASURY. The number of banks organized in the leading States is as follows: Texas, 153; Pennsylvania, 133; Minnesota, 73; Ohio, Illinois, and Iowa, 66 each; Oklahoma Territory, 59; Indian Territory, 53; New York, 46; Indiana, 41; North Dakota, 36; Kansas, 32; Nebraska, 29; South Dakota, 26; Yirginia and Wisconsin 24 each; West Yirginia, 23; Kentucky, 22. The numbei* of banks organized in the other States ranged from 1 in Yermont and Rhode Island to a nfaximum of 20 in New Jersey. No organizations were effected in Nevada or Alaska. The Middle States lead both in number of organizations and volume of capital, namely, 362 and $20,530,000, respectively. Three hundred and seven banks were organized in the Southern States, with a capital of $14,985,500; 267, with capital of $8,755,000, in the Western States; 219, with capital of $19,444,000, in the Eastern States; 39, with capital of-$3,195,000, in the Pacific States, and 18, with capital of $3,250,000, in the New England States. During the year ended October 31, 1902, the number of national banks was increased by the formation of 470 associations, Avith total capital of $31,130,000, of which 302, with capital of $7,905,000, were of the smaller class, and 168, with capital of $23,225,000, of the larger. The net increase, however, was but 399. Nine associations were closed by expiration of their corporate existence, 63 by voluntary liquidation, and 1 by appointment of receiver. Two associations heretofore in charge of receivers were placed in a solvent condition and allowed to resume business. The authorized capital stock of the national banking associations in existence on October 31, 1901, was $663,224,195, and on October 31, 1902, $713,435,695, an increase during the year of $50,211,500. The following table gives a summary of organizations of national banks from March 14, 1900, to October 31, 1902: Conversions. Reorganizations. Classification. No. Capital less t h a n $50,000. Capital $50,000 or more.. Total Capital. No. Capital. Primary organization. No. Capital. 107 51 $2,835,000 8,655,000 242 121 $6,715,000 14,220,000 456 $11,549,500 235 26,185,000 158 11,490,000 363 20,9a5,000 691 Total. No. Capital. 805 $21,099,500 407 49,060,000 37,734,500 1,212 70,159,500 • The changes in the number of active associations, authorized capital, bonds on deposit to secure prculation, circulation secured'' by bonds and by lawful money, from March 14, 1900, to October 31, 1901 and 1902, are as follows: * Mar. 14,1900. Oct. 31,1901 Oct. 31,1902. N u m b e r of b a n k s . . . ' . Authorized capital Bonds deposited Circulation secured by bonds Circulation secured by lawful money 3,617 $616,308,095 244,611,570 216,374,795 38,027,935 4,279 $663,224,195 329,8:^^,930 328,198,614 31,713,069 4,678 $713,435,695 338,352,670 3a5,783,I89 44,693,145 16 REPORT ON THE FINANCES. The following statement shows the amount and class of bonds on deposit with the Treasurer of the United States as security for national-bank circulation on March 14, 1900, October 31, 1901 and 1902: Amount. Class. March 14,1900? 0 $20,490,150 F u n d e d loan of I89I Consols of 1930 Loan of 1908-:1918 Funded loan of 1907 . Loan of 1925 Loan of 1904 Total ...^ .. : '. ., ,. •. Oct. 31,1901. Oct. 31,1902. 56,437,720 130,171,500 14,521,350 22,990,850 $12,500 316,625,650 3,983,780 6,032,000 2,911,100 268,900 $320,738,000 '6,056,720 8,248,450 2,208,600 1,100,900 244,611,570 329,833,930 338,352,670 The amounts and denominations of national-bank notes outstanding on March 14, 1900, and on October 31, 1901 and 1902, were as follows: Amount. Denomination. Ones Twos Fives Tens Twenties Fifties One hundreds Five h u n d r e d s One thousands •— Nonpresented fractions Total March 14, 1900. Oct. 31,1901. Oct. 31,1902. $348,275 167,466 79,292,685 79,493,080 58,850,060 11,851,750 24,233,900 106,000 27,000 , 32,513 $347,552 167,056 70,363,595 123,088,280 88,408,100 16,186,900 32,889,200 102,500 27,000 33,085 $345,984 165,974 61,500,670 154,291,030 114,817,840 15,953,300 33,243,000 98,000 25,000 35,536 254,402,729 331,613,268 380,476,334 Under the law, national banking associations are required to make not less than five reports of condition to the Oomptroller of the Currency in each year. The latest reports submitted were under date of September 15, and the compiled returns show the condition of 4,601 associations, with paid-in capital stock of $705,535,417, The accumulated surplus and undivided profits of the associations aggregated $495,610,466, an amount slightly in excess of 70 per cent of the capital stock. The oiitstanding circulation Avas $317,991,809; individual deposits, $3,209,273,893.93; United States deposits and deposits of United States disbursing officers, $117,097,769.59 and $6,846,03^3.85, respectively. Borrowed money, represented by notes and bills rediscounted and bills payable, aggregated $33,900,888.36, or only 4.8 per cent of the capital stock. The total resources of the banks were $6,113,928,912.50, the maximum amount reached in the history of the system. The principal items of resources are as follows: Loans and discounts, $3,280,127,480.69; Uriited States bonds on deposit to secure circulation, $324,253,760; United States bonds on deposit tosecurepublic deposits, $124,685,150; SECRETARY OF THE TREASURY. 17 other bonds, stocks, and securities, $493,109,726.57; bank premises, including furniture and fixtures, $92,652,268.87, this amount representing investments of approximately 13 per cent of capitalstock. The banks held in specie and legal-tender notes $366,236,120.02 and $141,757,618, respectively. Comparing conditions on September 15, 1902, with September 30; 1901, there is shown to have been an increase in total resources of $418,581,617.54. The increases 'daring that period in the principal items of resources and liabilities were as follows: Loans and discounts, $261,511,562.29; United States bonds, $12,570,520; capital stock, $50,193,537; surplus and other profits, $65,048,357.81; individual deposits, $271,520,660.60. There was a decrease during the year in holdings of specie to the amount of $22,300,751.11; in legal tenders of $9,261,133, and in outstanding circulation of $5,871,788. The deposits of the associations on September 15, on which reserve was required, amounted to $3,844,365,538.57. The required reserve amounted to $786,770,726.33 a n d t h e amount held, was $^804,333,904.09, being 20.92 per cent of t h e deposits. The reserve held by banks in the central reserve cities was as follows: New York, 24.70 per cent; Chicago, 21.89 per cent; St. Louis, 24.15 pe,r cent, an average of 24.09 per cent. Banks in other reserve cities held an average of 24.33 per cent and banks located outside of reserve cities an average of 16.91 per cent. With the exclpsion of Government deposits from the reserve requirement, the average reserve held by national banks in the central reserve cities was increased from 24.09 to 25.16 per cent; by banks located in other reserve cities, from 24.33 to 24.87 per cent; by country banks, from 16.91 to 17.16 per cent, and by all baiiks from 20.92 to 21.43 per cent. LOANS AND CURRENCY. The amount of the interest-bearing debt outstanding July 1, 1901, was $987,141,040. On that date, the Government was still purchasing United States bonds for the sinking fund, and such purchases were continued with slight intermissions until March 15, 1902. The total amount purchased and charged to the sinking fund for the fiscal year 1902 was $56,071,730, and the disbursement was $70,410,941.33, distributed among the different loans as follows: PURCHASES FOR THE SINKING FUND, FISCAL YEAR 1902. Bonds. Three per cent, 1908-1918. Fojir per cent, 1907....... Pive per cent, 1904 Pour per cent, 1925 Total ;.. FI 1902 Premium. Disbursement. $179,782.84 12,285,562.84 $2,105,780 24,201,000 3,107,163.34 27,308,163.34 2,443,750 . 188,786.10 2,632,536.10 27,321,200 10,863,479.05 38,184; 679.05 56,071,730 14,339,211.33 70,410,941.33 18 REPORT ON THE FINANCES. During the fiscal year 1902 there were received for exchange into 4 per cent bonds, funded loan of 1907, $1,340 refunding certificates, the accumulated interest upon which, convertible into principal of 4 per cent bonds, amounted to $1,010. The total issue of 4 per cent bonds of the funded loan of 1907 on this account was, therefore, $2,350. There was also issued to one of the subscribers of the 3 per cent loan of 1908-1918 a 3 per cent bond of the denomination of $20, to correct an error in filling a subscription. As a result of these operations, the interest-bearing debt outstanding at the close of business June 30, 1902, was $931,070,340. Since June 30, 1902, the Departmeht has purchased bonds for the sinking fund for the fiscal year 1903, as follows: Five per cent bonds, lOan of 1904, under Circular No. 117 of September 26, 1902 / 125,300 Four per cent bonds, loan of 1925, under Circular No. 128 of October 17, 1902 .^. 116,504,300 The Department has also prepaid interest, for the remainder of the fiscal year, on United States registered and coupon bonds under authority of section 3699 of the Revised Statutes. In pursuance of Circular No. 115, dated September 25, 1902, a rebate of two-tenths of 1 per cent per month was charged by the Department on the amount of interest prepaid. Prepayments under this circular were made during the period beginning October 1, 1902, and ending November 30, 1902. Up to November 1 the amount prepaid was $3,318,397.15 and the rebate thereon was $38,483.55. The changes in the amounts of the several kinds of money of the United States outside the Treasury between November 1, 1901, and November 1, 1902, are shown in the table following: C O M P A R A T I Y E S T A T E M E N T S H O W I N G THE^ C H A N G E S I N Classes. Gold coin Standard silver dollars^ Subsidiary silver 7 Gold certificates Silver certificates T r e a s u r y notes, act of J u l y 14,1890 . United States notes National-bank notes Total In circulation In circulation Nov. 1,1901. Nov. 1,1902. CIRCULATION. Decrease. $633,858,471 73,113,520 83,999,351 281,678,659 441,810,337 41,384,614 338,781,028 351,674,562 $624, :,373, 77,,517, 91 342!1,756, 463;!,170, 25!1,748, 343 367;007; 482 $9,484,826 2,246,300,542 2,336,111,992 25,121,162 Increase, $4,403,638 7,900,364 61,077,535 21,360,101 15,636,336 4,858,054 15,332,920 114,932,612 The estimated population of the United States November 1, 1901, was 78,211,000, and the per capita supply of money outside the Treasury was $28.72. The estimated population and the per capita supply of rnqney Nqyemfe^i; J, 1902, were 79,572,000 and $29.36, respectively, SECRETARY OF THE TREASURY. 19 Bonds in aid of an isthmian canal. The act of June 28, 1902, to provide for the construction of a canal connecting the Atlantic and Pacific oceans, includes, among other provisions, authority for the Secretary of the Treasury to borrow on the credit of the United States, from time to time, as the proceeds may be required to defray expenditures authorized by the act, the sum of $130,000,000, or so much thereof as may be necessary, and to issue therefor United States bonds redeemable after ten years and payable after thirty years from date of issue, bearing interest at the rate of 2 per cent per annum. There being no reference in the act to the availability 6f these bonds as security for the circulation of national banks, it is believed that they can be received by the Department on such account only upon such terms as the older classes of United States bonds now outstanding—that is to say, a national bank depositing canal bonds as security for circulation would be required to pay a tax of 1 per cent each yearn to the Government on account of such circulation. This would place the 2 per cent canal bonds at a great disadvantage as compared with the 2 per cent consols of 1930. A bank depositing the consols is required to pay a tax amounting only to one-half of 1 per cent per annum. As it is no doubt desired by Congress that the Secretary shall have power to obtain the best terms available in negotiating the canal bonds, it is recommended that the act of June 28,1902, be amended so as to provide that any national-bank circulation secured by a deposit of canal bonds may be subject only to the same tax as that imposed on circulation secured by the 2 per cent consols of 1930. FOREIGN COMMERCE. The marked characteristics of the foreign commerce of the United States during the fiscal year ended J u n e 30, 1902, were a decrease of $106,045,590 in exports and an increase of $80,148,783 in imports. The total exports of the year were $1,381,719,401, of which $1,355,481,861 was of domestic production; the total imports were $903,320,948, making the excess of exports over imports $478,398,453. The decrease in exports is chiefly due to the unusual home demandjto the shortage in the corn crop of 1901, and to a reduction in prices of. certain great staples exported. The unusual demand of the home market for manufactures of iron and steel caused a reduction of $18,766,758 in the domestic exports of iron and steel manufactures; the shortage in the corn supply, due to the drought of 1901, caused a reduction of $67,361,099 in the value qf corn and corn meal exported, and the fall of upward of 1 cent per pound in the average price of cotton, as compared with 1901, resulted in a reduction of $23,021,624 20 REPORT ON THE FINANCES. in the value of cotton exports, although the quantity exported in 1902.Av'as greater than that of 1901. Aside from these exceptional cases, the export figures of the year compare favorably with those of preceding years. The increase in importations was chiefly due to an enlarged demand by manufacturers for raAV materials for use in manufacturing, the increase in the importations of manufacturers' materials of all classes being $69,732,221; and to these Avas added an increase of $19,708,269 in articles manufactured ready for consumption, and $11,859,750 in those included in the class^' articles of voluntary use, luxuries," etc., while in articles of food there was a reduction of $21,151,457. In iron arid steel alone, the importati'on of articles partly or wholly manufactured increased $9,305,458, bringing the total imports of iron and steel manufactures to a point higher than at any time since 1893. The increase of $80,148,783 in importations has brought the total- import figures of the year to a point higher than ever before, the total value of importations of 1902 being $903,320,948, against $866,400,922 in 1893, the highest record of preceding years. This increase, as already noted, occurs chiefly in manufacturers' materials, the principal increases being in unmanufactured silk, $12,583,986; hides and skins, $9,786,698; fibers, $8,613,456; cotton, $4,924,342; copper, $4,376,119; lumber and other unmanufactured wood, $4,015,763; chemicals, $4,215,465; and wool, $5,181,907. In practically all of the great articles of foreign production required by our manufacturers, the importations of the year exceed in quantity and value those of any preceding year in the history of our import trade. The reduction in exports, since it occurred chiefly in food stuffs and raw cotton, applied almost exclusively to the commerce with Europe, to which the exportations fell $128,470,624 below those of the preceding year, while those to North America increased $7,436,620, to Africa $7,925,987, and to Asia and Oceania $13,419,005. The commerce Avith. the noncontiguous territory of the United States shows a very rapid and gratifying growth. The receipts of merchandise from Porto Rico in 1902 were $8,297^422, against $2,181,024 in 1897, and the shipments to that island in 1902 were $10,719,444, against $1,988,888 in 1897, the year prior to the assumption of control of that island by the United States. From the Hawaiian Islands the receipts of merchandise were $24,700,429, against $13,687,799 in 1897, and the shipments to the islands in 1902 are estimated at $19,000,000, against $4,690,075 in 1897. From the Philippine Islands the receipts of merchandise in 1902 AV ere $6,612,700, against $4,383,740 in 1897, and the shipments to those islands in 1902 were $5,258,470, against $94,597 in 1897. Combining the figures of commerce with the three groups of islands—Porto Rico, Hawaii, and 21 SECRETARY OF THE TREASURY. the Philippines—the figures show total receipts of merchandise from the islands in 1902, $39,610,551, against $20,252,563 in 1897, and total shipments to the islands in 1902, $34,977,914, against $6,773,560 in 1897; while the exports to all Asia and Oceania, including the Hawaiian Islands, were $117,202,118 in 1902, against $61,927,678 in 1897. Thus the exports to the islands have increased more than fourfold, and those to a i r Asia and Oceania nearly doubled since 1897, while the total exports have in the same time increased less than 50 per cent. Under the recent act of Congress, approved April 29,°1902, authorizing the collection of statistics of commerce between the United States and its noncontiguous territories, a full statement of the commerce with all such territory under the control of the United States, including Alaska, is now being collected and compiled, and indicates that the markets supplied the producers of the United States by these noncontiguous territories now aggregate over $40,000,000 per annum. The following table presents in concise form the record of the. foreign commerce of the country in 1902, compared with preceding years: . ANALYSIS OP THE COMMERCE OP 1902, COMPARED A^ITH PRECEDING YEARS. Year ending J u n e 30— Imports: MerchandiseFree Dutiable Total P e r cent dutiable — Gold Silver. Exports: MerchandiseDomestic . . . : Foreign ." Increase (+) or decrease ( - ) in 1902, compared with 1901. 1899. 1900. 1901. 1902. $300,279,810 396,868,679 $367,236,866 482,704,318 $339,608,669 483,563,496 $396,818,871 506,502,077 +$57,210,202 + 22,938,581 697,148,4b9 56.93 88,954,603 30,675,056 849,941,184 56.79 44,573,184 35,256,302 823,172,165 58.74 ' 66,051,187 36,386,521 91)3,320,948 56.07 52,021,254 28,232,254 + 80,148,783 . 2.67 — 14,029,933 — 8,154,267 • 1,203,931,222 1,370,763,571 1,460,462,806 1,355,481,861 —104,980,945 ., 26,237,540 - 1,064,645 23,092,080 •23,719,511 27,302,185 1,227,023,302 1,394,483,082 1,487,764,991 1,381,719,401 —106,045,590 Total Excess of exports over imp o r t s (merchandise o n l y ) . . . 529,874,813 544,5a, 898 664,592,826 478,398,453 -186,194,373 ....'. 37,522,086 56,319,055 48,266,759 56,712,275 53,185,177 64,285,180 48,568,950 49,732,390 — 4,616,227 - 14,552,790 I m p o r t s for consumption Duties collected...' Ad valorem duties— On dutiable, per cent.. O n f r e e a n d dutiable per c e n t . . 685,441,892 202,072,050 830,519,252 229,360,771 807,76)3,301. 233,556,110 899,793,754 251,453,155 + 92,030,453 + 17,897,045 52.38 49.46 49.83 49.78 - .05 29.48 27.62 28.91 27.95 - .96 26,110,816 28,163,005 29,768,021 30,654,432 + . 886,411 26,265,976 28,281,141 29,819,893 30,444,082 + Gold Silver Tonnage: E n t e r e d in the foreign trade tons.; Cleared in the foreign . trade tons.. 624,189 22 REPORT ON THE FINANCES. CUSTOMS. Personal effects of passengers Desiring to eliminate cause for complaint resulting frora the collection of duty on personal baggage, the Department has endeavored to secure a liberal and equitable administration of the laws on this subject. Circulars were issued to tourists explaining the law, regulations, and the method of examination to be pursued. Customs inspectors Avere required to exert themselves to be courteous, to examine.carefully all baggage, and to repack whenever it was desired. The Department also issued instructions providing for private examination of baggage of ladies when such examination was requested. Customs officials were instructed to aff'ord passengers ample time to secure currency with which to pay duties. The Department also permitted residents .of the United States to bring in duty free foreign articles to the amount of $100, the legal exemption, with little regard to their nature, providing that they were of the same general class purchased by tourists. It was also provided that the head of a family might bring in under the $100 limit, free of duty, presents for his immediate family—i. e., his wife and children—if the aggregate value of the articles did not exceed $100. The Department also granted free reimportation of articles of foreign manufacture, where it could be established that the identical articles had once paid duty and had not advanced in value or improved in condition while abroad. The object of this ruling was to relieve tourists from a second payment of duty on wearing apparel and other personal effects, but was not extended to merchandise. While these modifications in the rulings have been made, it is held that exempt articles must in a sense be similar—i. e., that they must be of the same general class of articles that tourists ordinarily purchase a b r o a d ^ a n d that there is no Avarrant in any ruling of the Department justifying importation of cigars, spirituous, vinous, or malt liquors, in an^^ other quantity or manner than provided by law; nor is there anything in the rulings to warrant exemption of merchandise, as such, from duties. • Beorganization of districts. Accompanying this report is a table showing the volume and character of business transacted during the year in each customs district and independent port, including the amounts collected and the cost of- collection. It shows that in many districts there is little or no customs business; in many others, owing to the changes in local conditions, the" business is of little importance and could be readily SECRETARY OF T H E TREASURY. 2S transacted by subordinate officials, under proper direction. The demands for the extension of the customs service elsewhere are pressing. In the interest of economy and. good administration, a number of the districts and ports first referred to should be consolidated with contiguous districts of more importance. Smuggling. ° The smuggling of wool and woolen goods concealed in cars apparently containing only paper stock from Canada resulted ih important seizures and criminal prosecutions. A Canadian dealer who made numerous sales of furs to American tourists caused the goods to be smuggled across the frontier for delivery. As the principal could not be reached, his agents in this country were prosecuted, and 163 shipments were seized and appraised at sums aggregating over $20,000. The extensive smuggling of liquors by Cuban fishing smacks on the west coast of Florida was investigated by an experienced officer, who caused 8 persons connected therewith to be prosecuted criminally, and seized 2 Cuban vessels for forfeiture by legal process. On the Pacific coast seizures and arrests have been made in opium smuggling cases, and there is a large increase in customs collections in this commodity. In June last the Attorney-General held to be unconstitutional the provision in section 6 of the antimoiety act of June 22, 1874, requiring persons giving information of customs frauds, in cases where judicial proceedings are instituted, to. secure the certificate of the court as to the value of their services, before award of compensation can be made by the Department, the determination of such questions being an executive function; and that the Secretary of the Treasury is authorized to award compensation in such cases, as has been the rule heretofore in instances of fines, penalties, and forfeitures collected without judicial proceedings. This action seems to obviate the necessity for the change in the law recommended in the last annual- report. ALASKA. Seal herd. A preliminary report from, the agent in charge of the seal fisheries on the Pribilof Islands, Alaska, shows that durihg the sealing season the lessees of the sealing privilege, the North American Commercial Company, accepted and shipped 22,304 fur-seal skins as the quota for 1902. Of this number, 19,000 were from the island of St. Paul, and included a small number of so-called rejected skins taken in 1901. The number of seal skins'taken from the island of St. George 24 . REPORT ON THE FINANCES. was 3,304, including 61 skins rejected in 1901. As there were only' 318 rejected skins on the islands after the close of the season of 1901, it is apparent that 21,986 seals were killed for their skins during the season of 1902. The revenue to be derived from this source wiU exceed $225,000. As 22,470 seal skins were taken from the islands in 1900 and 22,672 in 1901, the catch of 22,304 skins in the current year is very gratifying and tends to show that the seal herd is not decreasing in number as rapidly as heretofore. The consul at Victoria, British Columbia, reports through the Department of State that a British sealing fleet comprising 23 vessels in the" spring of 1902 took 1,611 male and 1,562 female seals, in all 3,173, Avhich number is less than one-half of the catch of the same fleet, comprising 28 vessels, in the spring of^ 1901, and less than onefifth of the number taken by 33 vessels in the spring of 1900. A preliminary report from the consul at Victoria of the summer catch of the British sealing fleet shows that 11 vessels have returned to that port with 4,456 seal skins. Four other vessels lately arrived and 9 yet to arrive are not included in these figures. The average catch for each vessel for the current year, so far as reported, is 224 skins per vessel. The official report of the catch of the British sealing fleet in 1901, received in March last, shows that 39 vessels took 24,422 seals on the coast of British Columbia and Japan, in the vicinity of Copper Island and in Bering Sea, an average of 626 skins for each vessel. The greatly diminished catch of the British sealing fleet in the last two seasons undoubtedly accounts, in great measure, for the more stable condition of the Pribilof herd, as indicated by the number of seals taken by the lessees of those islands since 1899. Capt. C. Ii. McLellan, commander of the revenue steamer Manning, reported in July last the finding of a seal rookery on Buldir Island, in the Aleutian group. The skin of a pup seal was taken from this rookery, and experts have pronounced it to be that of the fur seal. It is reasonable to suppose that there are fur seals on other islands of the Aleutian chain. This fact will be determined by investigation during the next season. In the meantime it is suggested t h a t a sufficient appropriation be made to protect the Buldir Island rookery, and any other that may be discovered hereafter, from the unlawful depredations of the seal hunters. If the herd can be left to develop, it may prove valuable; and it Avill be utterly destroyed by the seal hunters unless protected. Blue foxes. There was a great falling off in the catch of blue-fox skins on the Pribilof Islands during the last season, attributable to the mild win SECRETARY OF THE TREASURY. 25 ter, which allowed the^ foxes to obtain an ample food supply about the beaches, and rendered it unnecessary for them to visit the traps. The lessees took but 421 fox skins, 26 of them^being white. Salmon fisheries. = ' A preliminary report from the agent for the protection of the salmon fisheries of Alaska shows that by the aid of the Revenue-Cutter Service substantially all the fisheries, canneries, and salteries in that Territory were inspected during the season of 1902. The total number is 62 canneries and 24 salteries. There has been an increase in the number over those reported last year of 9 new canneries and 14 salteries. Five canneries in course of construction this year are not included in the foregoing figures. The inspection of those in Northern Alaska involved a voyage of 6,782 nautical miles from Seattle, Wash. The total catch of the Alaska fisheries for the season is estimated at no -less than 2,470,000 cases, an increase of nearly 400,000 cases over the pack of 1901. The total value of the pack is over $8,000,000. The take of salmon in Alaska represents about 37,000,000 fish, and provides 118,560,000 pounds of food prepared for the table. The agent reports that the pack of salmon elsewhere than in Alaska for the year 1902 was 1,037,000 cases, and that the aggregate salmon pack of the world this year was 1,000,000 cases less than in 1901. The tax collectible oh the salmon pack under the Alaska revenue laws amounts to about $100,000 for the season. The regulations of the Department requiring the maintenance of hatcheries at every salmon cannery and saltery in Alaska have not been fully complied with. It is declared that the salmon packers are disposed to comply with these regulations, and their failure in instances to do so is attributable to the local difficulties rather than to disinclination. Hatcheries in operation will liberate not less than 120,000,000 salmon for this year—less than one-third the number contemplated by the regulations, which require the liberation of 10 fry for each salmon taken. As the regulation in question was promulgated only two years ago, the result is significant. The agent in charge suggests that disregard of the law and regulations by salmon canners is trivial in its effects, and that the danger to the industry comes from a multiplication of plants and their fierce competition. He urges the establishment of Government hatcheries as a remedy. Authority for this must come from Congress. Upon application of those who have established salmon hatcheries, the Department has closed to fishing and set aside certain streams as spawning grounds. The barricades formerly so extensively used have been abandoned, and the fish as a rule have free access to the 26 REPORT ON THiE FINANCES. spawning grounds. The closed season established by the law is, as a rule, observed. The depletion of the salmon fisheries in Alaska is due to overfishing, upon which the law places no limitation. There is no restriction as to the number of canneries, the number of fisheries to be operated,' or the number of boats, men, and gear eniployed. Purse seines are now used in great numbers, one seine following the other in such quick succession that few fish can pass into the streams. Little or no fishing is done in the streams, but.it is done immediately outside the mouth and in the waters approaching the mouth, and it will be seen that an order closing a stream could not be effective, and might work a hardship upon the natives, while others would not be affected. To regulate and preserve the salmon fisheries of Alaska, the existing law should be entirely remodeled, and the Secretary of the Treasury should be given unquestioned authority to use the widest discretion in all cases Avhen the precise terms of the law might appear to be inadequate or uncertain. , = INTERNAL REVENUE. The receipts from the several objects of taxation under the internalrevenue laws for the fiscal years ended June 30, 1901 and 1902, were as follows: R E C E I P T S PROM INTERNAL R E V E N U E IN 1901 AND 1902. Fiscal year ended J u n e 30— Objects of taxation. 1901. Distilled snirits . Manufactured tobacco F e r m e n t e d liquors : Oleomargarine Filled ch^eese Mixed flour • Special taxes not elsewhere enumerated Legacies and distributive shares of personal p r o p e r t y Schedules A and B Banks, bankers, etc Miscellaneous collections Total •. . 111.6,027,979.56 62,481,907.13 75,669,907.65 2,518,101.44 14,652.64 6,606.36 1902. Increase. $121,138,013.13 $5,110,033.57 51,937,925.19 71,988,902.39 2,944,492.46 426,391.02 24.00 2,212.85 Decrease. $10,543,981.94 3,681,005.26 14,628.64 4,393.51 4,165,7a5.14 4,262,902.32 5,211,898.68 39,241,036.32 1,918.00 1,531,926.50 4,842,966.52 13,442,792.69 227.50 1,307,531.20 368,932.16 25,798,243.63 1,690.50 224,395.30 306,871,669.42 271,867,990.25 35,003 679.17 97,167.18 A detailed statement of the receipts and expenditures will be found in the report of the Commissioner of Internal Revenue. The amounts given as receipts are those actually collected during the fiscal years mentioned; but in many cases the money collected on the. last day of J u n e is not deposited until the first day of July, thus causing a discrepancy between the collections and deposits for the year. . The total cost of collection for the fiscal year ended June 30, 1902, was $4,603,887.82, and for the year 1901, $4,749,220.44, showing a SECRETARY OF THE TREASURY. 27 decrease for 1902 of $145,332.62. The percentage cost of collection for 1902 was 1.70 per cent, as against 1.55 per cent in 1901. The total production of distilled spirits, exclusive of fruit brandies, forthe fiscalyear was 128,623,401.9 taxable gallons, against 124,520,599 taxable gallons in 1901, showing an increase in production for the fiscal year just ended of 4,102,802.9 gallons. There were also produced 449,729. gallons of apple brandy, 152,494 gailons of peach brandy, 3,570,197 gallons of grape brandy, 8,662 gallons of pear brandy, 998 gallons of apricot brandy,"^508 gallons of berry brandy, 36,528 gallons of prune brandy, 1,236 gallons of ^g brandy, and 48 gallons of cherry brandy, making a total production of 4,220,400 gallons from fruits during the fiscal year. A further comparison of the two fiscal years shows a decrease of 145,249 gallons in production of apple brandy, an increase of 28,795 gallons in peach brandy, an increase of 279,189 gallons in grape brandy, an increase of 4,026 gallons in pear brandy, an increase of 998 gallons in apricot brandy, an increase of 145 gallons in berry brandy, an increase of 3,661 gallons in prune brandy, an increase of 1,185 gallons in fig brandy, and an increase of 48 gallons in cherry brandy. o For the fiscal year ended»June 30, 1902, there was an aggregate increase of 172,798 gallons produced from fruits, as compared with the previous fiscal year. The quantity of distilled spirits gauged during the fiscal year was 412,684,908.1 gallons, against 388,955,771 gallons in 1901, making an increase for the year just ended of 23,729,137.1 gallons. During the fiscal year 1902, 2,938 distilleries of all kinds were operated. For the preceding fiscal year 3,745 distilleries of all kinds were operated, a decrease of 807 for the year just ended. During the fiscal year 1902 there were produced 44,550,127 barrels of beer. The number of barrels produced during the fiscal year 1901 was 40,614,258, making an increased production for the year just ended of 3,935,869 barrels. For the fiscal year 1902 the total receipts from the taxes on tobacco, cigars, cigarettes, snuff, etc., were $51,937,925.19. The receipts from the same sources in 1901 were $62,481,907.13, showing a decrease of $10,543,981.94 for the fiscal year 1902. DISTRICT OF COLUMBIA. The net expenditures on account of the District of Columbia foi' the fiscal year 1902 were $9,363,742. The net revenpes deposited in the Treasury on this account for the same period were $4,217,841.43. Under the operations of the sinking, funds, the net reduction of the bonded debt during the year was $871,800, and of the annual 28 REPORT ON THE FINANCES. interest charge $43,235.70. Since the close of the fiscal year the debt h a s b e e n reduced b y t h e purchase of 3.65 p e r c e n t bonds for $202,800, and 6 per cent thirty-year funding bonds for $4,100, and will be further reduced by the redemption of tbirty-year funding bonds for $494,500 maturing November 1, 1902. The Treasurer estimates that the sum of $975,408 will be sufficient for interest and sinking fund on t^ie funded debt for the fiscal year 1904, and recommends that this sum be made a permanent annual appropriation until the debt of the District of Columbia shall be extinguished, and also that he be authorized to purchase United States bonds with the funds provided for the sinking fund~ when he is unable to purchase bonds of the District advantageously. The estimate for interest and sinking fund for 1904 is $238,539.97 less than the appropriation for this purpose for 1903. The Treasurer states that this reduction is made possible by the recent refunding of the 6 and 7 per cent bonds of the District into bonds bearing a lower rate of interest, and their final redemption. The total amount of the bonded debt at the close of the fiscal year was $14,196,550. Of this sum, $13,683,850 consists of 3.65 per cent bonds. PNEUMATIC DISPATCH SYSTEM. The attention of the Congress is invited to the necessity for modern means of communication between the Treasury Department and its various permanent branches as now established in the city of Washington. In the administration of public business it is found necessary to transmit from one building to another hundreds of papers requiring indorsement, signature, or other notation. The present system is inadequate, time consuming, and unsatisfactory. In the interest of efficient public service, it is urged that some modern practical system of pneumatic dispatch be installed. The Department recommends that the system which is UOAV, and has been for some time, in satisfactory operation in the public stores in New York . City be introduced throughout the Treasury Department proper, connecting it Avitli the Bureau of Engraving and Printing, the Coast and Geodetic Survey, the Public Health and Marine-Hospital Service, offices of the auditors of the Treasury Department located outside the Treasury building, and the Government Printing Office. The Department expresses confidence that this service once installed will prove efficient, economical, and expeditious. ' P U B L I C BUILDINGS. Congress during the last session authorized the purchase of sites and construction of a large number of buildings. The enlargement and rearrangement of old buildings was provided, to meet increased demands of the public business. The volume of work devolving SECRETARY OF T H E TREASURY. 29 upQn the office of the Supervising Architect by reason of this recent legislation is the largest in its history. The act of June 6, 1902, authorized the purchase of additional land in connection with the public buildings at Atlanta, Ga.; Binghamton, N. Y.; Ottumwa, Iowa; Richmond, Va.; Rochester, N. Y.; Rome, Ga.; St. Joseph, Mo.; Sandusky and Youngstown, Ohio; the custom-house, property (wharfage) at Wilmington, N. C , and the extension and improvement of the public buildings at Alex andria, Va.; Augusta and Bangor, Me.; Beaumont, Tex.; Buffalo, N. Y. (post-office); Burlington, Iowa; Dallas, Tex.; Fort Smith, Ark.; Greensboro, N. C.; Hartford,- Conn.; Jackson, Miss.; Jacksonville, Fla.; Kalamazoo, Mich.; Lincoln, Nebr.; Los Angeles, Cal.; Lynn, Mass.; Macon, Ga.; Memphis, Tenn.; Minneapolis, Minn.; Montgomery, Ala.; Nashville, Tenn.; Norfolk, Va. (court-house and post-office); Paducah, Ky.; Portland, Oreg.. (post-office and courthouse); Richmond, Ky.; Scranton, P a . ; Springfield, 111., and Waco, Tex. In addition, a ncAv boiler plant was provided for the marine hospital at Cleveland, Ohio, and the enlargement of the vault facilities at the Bureau of Engraving and Printing in this city. Special legislation was also enacted during the last session of Congress for the enlargement of the public building at Ellsworth, Me. Under the Tarsney Act, contracts have been awarded for the erection of the public buildings at Cleveland, Ohio, Indianapolis, Ind., and Baltimore, Md. ' / At the date of the last report there were 435 buildings. Since June 30, 1901, 2 buildings have been dropped, and there have been authorized 114 new buildings and sites, 22 sites only, 4 marine hospitals, and 5 quarantine s.tations, making the total at this date 578. Three hundred and seventy-seven buildings are completed and occupied, 11 having been finished during the past fiscal year. Thirtythree buildings are now in course of erection. STATEMENT OF E X P E N D I T U R E S FOR P U B L I C BUILDINGS FOR FISCAL Y E A R 1902. For sites, for construction of public buildings, extensions, and repairs, especially appropriated for $4,439,736.01 For repairs and preservation of public buildings 330,297.89 For heating apparatus for public buildings 119,554.80 For vaults, safes, and locks for public buildings 17,836.38 For photographic duplication of plans.for public buildings 3,968,44 Total 4,911,393.52 The attention of the Congress is called to the necessity for a complete ventilating plant for the Treasury Building. A detailed report, together with estimates for the cost of installation, will be presented by the Department. HALL OF RECORDS. It is regretted that provision has not been made for a Hall of Records, the necessity for which has been called to the attention of the 30 REPORT ON T H E F I N A N C E S . Congress for the past twenty-five years. With the increasing volume of business of the different departments of the Government, the deniand for suitable quarters for the storage of records has become more imperative, until UOAV the conditions are such as to interfere materially with the proper transaction of the public business and render valuable archives liable to destruction by fire. In a communication dated March 3, 1902, addressed to the chairman of the Committee on Public Buildings and Grounds, United States Senate, and printed as Senate Document No. 236, Fiftyseventh Congress, first session, the Department entered into this matter at some length and submitted tentative sketch plans of a building that would, meet the requirements. IMMIGRATION. The Commissioner-General of Immigration reports that there arrived at ports of the United States during the fiscal year ended June 30, 1902, 648,743 aliens as steerage passengers and 82,055 as cabin passengers, aggregating a total alien immigration of 730,798. This total, however, does hot include .all the alien arrivals during the period named, as no record is kept of those coming from Mexico and Canada, except such as have come from the last-named country within one year after arrival therein from some transoceanic port. Of the 648,743 steerage passengers, 608,882 came direct to continental ports of the United States, 9,870 came to ports of the Territory of/Hawaii, 792 to those of Porto Rico, and 29,199 to Canadian ports. By comparison with corresponding figures for the preceding year, there has been an increase in steerage immigration of 160,825, and in cabin immigration of 7,105, making a total increase of 167,930. Of the total of 730,798, European countries furnished 690,472, Asiatic countries 23,082, and all other sources 17,244. As to countries of origin, the principal sources of this large influx of aliens were Italy, which furnished 184,683; Austria-Hungary, 175,900, and Russia, including Finland, 109,721. The total from these three countries, 470,304, constituted nearly 65 per cent of the entire immigration for the year. The aliens traveling in the steerage were distributed as follows : 466,369 males and 182,374 females; 74,063 were under 14 years, 539,254 from 14 to 45, and 35,426 Avere 45 and over. A total of $10,485,911 was shown to the inspection officers by this class of aliens, 77,355 of whom exhibited more than $30 each, and 413,705 of whom had less than that amount each. Of the total number, 61,595 had been in the United States before, 4,217, were relieved in hospital, and 465 were returned to th^ir owii countries within one year after reaching this country. SECRETARY OF THE TREASURY. 31 As to illiteracy, the report shows that 162,188 were unable to read or write, 2,917 could read but not write, leaving 483,638 who were able to do both. The total rejections for. all causes under the immigration laws were 4,974, or about two-thirds of 1 per cent of the total steerage immigration. The causes^ of those rejections and the number rejected for each cause were as follows: Idiocy, 7, insanity, 27; pauperism, 3,944; prostitution, 3; contagious disease, 709; convicts, 9, and as contract laborers, 275. The proportionate increase of diseased aliens was largely in excess of the ratio of increase in immigration for the year, 560 of such arrivals, or almost double the total immigration of this character for the previous year, having been brought to the port of New York. In view of the apparent disregard of the law in this respect by the steamship companies, the Commissioner-General recommends the passage of the legislation, pending before* Congress, which imposes a penalty of $100 for each case of willful violation of the law by masters or owners of vessels. It is further urged that the present alien contract-labor laws are weak and ineffective, as is showh to some extent by the decrease in the number of rejections thereunder to 275, as compared with 327 during the preceding year. On the Canadian and Mexican boundaries, there were refused admission during the year, for various causes, 5,437 aliens. The order in which the various races contributed to the steerage immigration is as follows: The Italian, 180,535; Polish, 69,620; Jewish, 57,688; Scandinavian, 55,780; German, 51,686; Slovak, 36,934; Croatian.and Slovenian, 30,233; Irish, 29,001;.Magyar, 23,610; English, 14,942; Japanese, 14,455; Finnish, 13,868, and all others combined, 70,391. j^ttention is called by the Commissioner-General to the increased immigration by way of Canada, aggregating for the year 29.199. He repeats former statements of constant violations of law on the part of aliens of the inadmissible classes who are destined to Canada ostensibly, but ultimately make their way across the boundary into this country. A new contract has been made with the Canadian transportation companies, however, and an officer, with headquarters at Montreal, has been placed in charge of the various inspectors along the Canadian boundary from Sault Ste. Marie, Mich., to Eastport, Me., as a result of which this evil has been checked in a measure. The Canadian Parliament has passed a law excluding from the Dominion aliens suffering with loathsome or dangerous contagious diseases, which will operate as an effective aid in excluding from the United States that class of inadmissible aliens. There w^^ expended from the immigrant fund during the year in 32 REPORT ON THE FINANCES. the administration of the immigration laws the sum of $453,630.79, besides $50,000 from the same source, appropriated by Congress for the construction of the buildings on Ellis Island, New York Harbor, leaving on hand a net balance of $686,265.21. This does hot include the cost of enforcing the alien contract-labor laws, which amounted to $141,553.90, leaving an unexpended balance of $8,446.10 of the $150,000 appropriation. . ° The Commissioner-General calls attention to the evils resulting from congestion of aliens at the large centers of population, and recommends that suitable steps be taken to distribute the arrivals in a manner to supply local demands for their services. CHINESE EXCLUSION. In the enforcement of the Chinese-exclusion laws there was expended $219,529.59, leaving a deflciency of $4,529.59. Of this expenditure, $43,480.30 represents the cost of deportation of Chinese persons who have entered the United States in violation of law across the Canadian boundary, and $10,619.79 the cost of deporting those who entered unlawfully at other points. The total number thus deported was 596, of whom 387 came from Canada and 209 from other sources. There was expended for salaries and expenses of officers and miscellaneous items the sum of $165,429.50. As members of the excepted classes mentioned in Article III of the treaty of December 8,1894, 1,504 Chinese applied for admission, of whom 1,257 were admitted by administrative officers, 16 were admitted by the courts on habeas corpus proceedings, 3 were held in hospital under bond, 217 were returned to their own country, and 11 are awaiting, final action. Of 2,455 who applied for permission to pass through the United States to foreign countries, 2,306 were granted that privilege, 24 were released from the custody of the transportation companies by the courts, 6 escaped, and 119 were refused permission. During the year, 2,054 registered Chinese laborers depa;rted froin this country, and 2,495 returned thereto. The Commissioner-General recommends an increased appropriation to defray the expense of maintaining an efficient guard along the line separating Mexico from the United States to prevent the unlawful crossing of Chinese persons into this country. It is also recommended that the Bertillon system should be adopted, by which a record of the physical characteristics of aliens may be kept for the identification of such as seek to gain access to this country unlawfully after having been once rejected. There are various other matters of importance in regard to the efficient administration of the Chinese-exclT;isiq:ii and immigration SECRETARY OF THE TREASURY. 33 laws which are discussed in detail in the report of the CommissionerGeneral, to all of which the attention of the Congress is respectfully called. . PUBLIC HEALTH AND MARINE-HOSPITAL SERVICE. As recommended in the last report of the Secretary of the Treasuiy, the Congress passed an act to increase the efficiency and change the name of the Marine-Hospital Service, Avhicli Avas approved by the President July 1, 1902. Under this act, the title of the Service was changed to that of Public Health and Marine-Hospital Service of the United States. This measure materially broadens the scope of the Marine-Hospital Service, giving it the name as well as the functions of a public-health service. National quarantine. . The Surgeon-General reports that during the year there Avere 5,828 Aressels inspected and 420 Aressels disinfected at national quarantine stations in the United States. At the close of the fiscal year, June 30, 1902, the Service owned 19 complete mari time quaraiitino stations, and 18 stations Avhere inspection of incoming vessels is conducted by officers of the Service, making a total of 37 domestic quarantine stations. In addition to these national stations, there are 8 disinfection stations and 12 inspection stations conducted by State or municipal authority Avithin the boundary of the United States. In January, 1902, the quarantine functions at Portland, Me., were transferred to and accepted by the Service. This Avas done in accordance A\atli act of Congress approved February 15, 1893, in like manner as the quarantine service at Savannah, Ga., Avas acquired in April, 1899, and the maritime quarantine stations of the State of Florida in August, 1901. • Provision Avas made in the sundry civil bill, aiDproved June 28, 1902, for the purchase of the quarantine stations of the State of Florida which Avere thus transferred. Texas hor der quarcmtine. To prevent the introduction of yelloAv fever, smallpox, and typhus from the Republic of Mexico, land quarantines have been maintained at El Paso, Eagle Pass, and Lai^edo, Tex., and the officers engaged in this work have cooperated Avith the United States Immigration Service. At these stations over 50,000 passengers Avere inspected, of Avhom"2,^were detained for observation and their bag gage disinfected. Smallpox. During the year smallpox was reported as occurring in 44 States and Territories of the Union. The number of cases reported for the Fi 1902-^ 3 34 REPORT ON THE FINANCES. year ended June 30,1902, was 55,857. The deaths were 1,852, a mortality of 3.31 per cent as compared with 38,506 cases and 689 deaths during the year ended June 30, 1901. As in previous years, the Service has rendered assistance to State and local boards of health by detailing officers to advise and assist the States in formulating and putting into execution proper regulations to suppress and prevent the spread of smallpox. On account of the outbreak of smallpox at nearby points in NCAV Brunswick, Canada, and at the request of the State board of health of Maine^ a temporary border quarantine station was established at Vanceboro, Me., and a maritime station a,t Eastport, Me., the latter being still in operation. Plague. Bubonic plague, the existence of which in San Francisco AA^as first reported March 8, 1900, and confirmed by a comniission appointed by the Department consisting of 3 bacteriologists of the highest reputation, continues to be reported despite the amount of Avork AA^hich was done last year for the purpose of its eradication from ChinatoAvn in that city, and which work covered, as stated in last year's report, the disinfection of over 14,000 rooms under the supervision of an officer of this SerAdce. There have been reported up to August 31, 1902, 70 cases as occurring since March 8,1900, and during the months of July and August of the present year 14 cases Avere reported. Nine cases Avere reported in September and 7 in October. In continuance of the plan adopted last year, the Service has maintained its organization at San Francisco, Avhicli has continued its Avork of assisting the local board of the city by examination of the sick and dead in the infected locality, reporting all suspicious cases that have occurred. Cases confirmed by bacteriological examination have been published regularly in the public health reports oi the Service. This disease has been reported during the fiscal year 1902 in the folloAving-named countries: Australia, Brazil, British South Africa, China, Egypt, England, France, HaAvaiian Islands, India, Italy, Japan, Madagascar, Mauritius, Mozambique, Paraguay, Philippine Islands, Russia, Scotland, Spain, Straits Settlements, and Turkey. Leprosy. The report of the commission of medical dfficers of the MarineHospital Service, appointed under the act of March 2, 1899, regarding the prcA^alence of leprosy in the United States,.was submitted to C<^ngreBS at its last session, and has been published. The recommendation of the commission, approved b y t h e SurgeonGeneral, for the establishnient of a national leprosarium meeting SECRETARY OF THE TREASURY.^ 35 with apiDroval of the Department, a bill will be submitted for the consideration of Congress. Yelloio fever. No yellow fever was reported in the United States during the past year. Reports have been received of the existence of this disease in Brazil, United States of Colombia, Costa Rica, Cuba, Dutch West Indies, Haiti, Mexico, and Salvador. Mexico has furnished a large proportion of cases during the past year, and Cuba, which has heretofore reported annually a large nuniber, had only 61 cases and 14 deaths from yellow fever during the six months ended December 31, 1901, and 1 case and no death for the six months ended June 30, 1902, and this one was represented as imported. The plan of an international agreement of American Republics in the interest of sanitation, Avhich was recommended by the SurgeonGeneral to the chairman of the United States delegation for presentation to the conference of American States, Avhich convened in the City of Mexico October 22, 1901, was modified, and, as modified, was favorably acted upon. Resolutions Avere adopted for the organization of an international sanitary conference of the American States. In accordance Avith these resolutions, the first of the conf erences will be held in Washington, D. C , December 2,1902. The delegates on the part of the United States have been appointed and a plan of organization and a tentative program submitted. The yellow-fever institute, mention of which Avas made in the last report as having been organized by the Surgeon-General for the purpose of investigating questions concerning j^ellow fever, has continued its work. A working party at Vera Cruz, Mexico, has been engaged in the investigation of the etiology of this disease. Foreign and insular quarantine and immigration. Maritime quarantine has been conducted in Cuba, Porto Rico, Hawaii, and the Philippines. The severe outbreak of cholera in the island of Luzon has necessitated the maintenance of a stringent quarantine on outgoing vessels from Manila to the uninfected ports of the Philippines, as well as those of the United States and its insular possessions. The recently fitted tip Mariveles quarantine station, across th 3. bay from Manila, has been of the greatest assistance in the detention, disinfection, and observation of the personnel of vessels on Avhich cholera has appeared. Quarantine of five days has been imposed on army transports before sailing for the United States. Acting assistant surgeons are stationed at Iloilo and Cebu. 36 REPORT ON THE FINANCES. There are 5 fully equipped quarantine stations in Cuba—at Havana, Matanzas, Nuevitas, Santiago, and Cienfuegos. Until May 20, when the United States formally transferred the government of Cuba to the Cuban Government, there were 14 inspecting stations operated by the Service, in charge of acting assistant surgeons. Since May 20 the accredited medical officers of the Service have been attached to the consulates of their ports. While the quarantine inspection of incoming Aressels has been turned over to the Cuban authorities at these five ports since May 20, 1902, all vessels departing for the United States ports are still inspected and certified to by medical officers of the Service. The quarantine service in Porto Rico has been conducted upon the same lines as for the previous fiscal year. The disinfecting barge Argus has been sent to Ponce to be used for the disinfection of vessels. Miraflores Island, at San Juan, P. R., has been recently transferred by Executive order to the Service, and is now used as a quarantine station. ' Litigation over the title of the Service to the quarantine station at Honolulu having been flnally settled, necessary improvements contemplated can now be made. Medical officers have been stationed at the ports of London, Liverpool, and Naples, at Quebec, Canada, and Halifax, Nova Scotia. During the active quarantine season, medical officers were stationed at the seven fruit ports of Central and South America to inspect fruit vessels departing for United States ports. Officers have been on duty at Yokohama and Kobe, Japan; Hongkong, China; Rio de Janeiro, Brazil, and Vera Cruz, Progreso, and Tampico, Mexico, and one has been recently sent to Shanghai, China. There is also a sanitary inspector at Nagasaki, Japan. The medical inspection of immigrants was performed at 32 ports during the year by the medical officers of the Service detailed for t h a t purpose; also at the ports of the islands of Porto Rico and Hawaii. Immigrants were also inspected at Quebec, Canada, and Halifax, Nova Scotia. Emigrants leaving Naples and Palermo for the United States are inspected by a medical officer stationed at the first-named place. Marine hospitals and relief. The Surgeon-General reports that 56,310 sick and disabled seamen of the merchant marine were treated during the fiscal year, of whom 12,927 were in hospitals. The Service controls and operates 23 hospitals, of which 21 are owned by the United States and 2 are leased buildings. In addition to the hospitals, there are 120 relief stations Avhere. seamen receive hospital and dispensary treatment. Relief stations have been established at Houghton, Mich., Hoquiam, Wash., and Sheboygan, Wis. SECRETARY OF THE TREASURY. 37 • Neio hospitals. As recommended in the last annual report, provision was made by the Congress for a marine hospital at New York, N. Y., by an appropriation of $250,000 for the purchase of the site and building now occupied, or purchase of a UCAV site and erection of a building. Negotiations to that end are UOAV in progress. Congress also authorized and made appropriations for marine hospitals at Buffalo, Pittsburg, and Savannah, and measures have been taken toward selecting the sites and erectin.g the buildings for the same. Sanatorium for consumptives, Fort Stanton, N , Mex. The relief transactions of this station have increased to a marked degree, 212 patients having been treated during the year, an excess of, 60 over the prcAdous year. The Surgeon-General invites the attention of the Congress to the expediency, as a sanitary and prophylactic measure, of receiving upon the large reservation now at the disposal of the Service at Fort Stanton such cases of tuberculosis as may be sent there for treatment by State health authorities upon the payment of a per diem rate, to be based upon the cost of maintenance of the patients. He declares that this measure would probably result in the cure of many ill with a disease incurable under general conditions of environment, and AA^ould diminish centers of infection established by these patients in their homes, and that such a provision would materially aid in the well-directed efforts now being made for the suppression of the disease in the United States. Aid to other services. During the year the Service has extended aid to other branches of the Government as folloAA^s: To the Revenue-Cutter Service, in the physical examination of 800 applicants for enlistment, 145 of Avliom were rejected; to the Steamboat-Inspection SerAdce, in the examination as to visual capacity of 1,759 pilots, of Avhom 85 Averc rejected; to the Life-Saving SerAdce, in the physical examination of l,045cSurfiiien, of Avhom 58 Avere rejected; to the Immigration Service, in the medical inspection of 746,297 immigrants arriving at the A^arious ports of the United States and Cuba; to the Coast and Geodetic Survey and Light-House Service, in the physical examination of 27 applicants for enlistment, of Avhom 1 was rejected. Personnel. At the close of the fiscal year the commissioned corps of the Service consisted of 105 commissioned officers (including the Surgeon 38 REPORT ON THE FINANCES. ' General), 29 surgeons, 27 passed assistant surgeons, and 48 assistant surgeons. JDuring the year 1 surgeon resigned, 1 passed assistant surgeon was promoted to the grade of surgeon, and 5 assistant surgeons were promoted to the grade of passed assistant surgeon. At the close of the year there Avere 181 acting assistant surgeons, 2 sanitary inspectors, 46 pharmacists, and 539 hospital and quarantine attendants. Expenditures. The balance of the appropri»ation for the expenses of the MarineHospital Service at the commencement of the fiscal year was $726,752.74, and the receipts from all sources $908,435.54. . The net expenditures Avere $956,434.69, including expenditures for improvements of marine hospitals and grounds and for repairs, heating apparatus, furniture, fuel, light, and Avater, these items having been excluded by the Congress from participation in the annual appropriation and made payable from the marine-hospital fund. The amount available of the appropriation for prcA^enting the spread of epidemic diseases July 1, 1901, Avas $799,561.81, and the expenditures for the fiscal year $145,471.71, leaAdng a net balance July 1, 1902, of $654,090.10. Hygienic laboratory. The laboratory building appropriated for by act approved March 3, 1901, is now in course of construction. On account of the importance of bubonic plague in its relation to the public health, studies upon this disease were continued throughout the year in the laboratory, and many doses of the Haff kine prophylactic Avere made and distributed to quarantine stations in the United States, as well as to our possessions in the Philippine Islands and Hawaii. The laboratory investigated, from a bacteriological and pathological standpoint, many specimens from suspected cases of plague sent from the A^arioiis quarantine stations, and a thesis is to be published upon this subject. As rats assist in spreading the plague, special experiments were made with a microbe said to be pathogenic for these animals, and the.result of the experiments has been published. Horses were treated in an endeavor to procure curative and preventive serums for yelloAv fever, plague, typhoid fever, and pneumonia. In view of the importance of trachoma and its frequency among immigrants coming into the United States, the laboratory is making special investigation as to its nature, cause, and treatment. Much work was done throughout the year upon disinfection and disinfectants. Disinfection against mosquitoes AA^as given special attention last summer on account of the relation of these insects to SECRETARY OF THE TREASURY. 39 the spread of A^arioiis diseases, particularly malaria and yelloAv fever, and a bulletin Avas published on this subject. Tuberculosis, car , sanitation, and smallpox have also received the attention of the Avorkers in the laboratory, and reports upon the first tAvo of these subjects have been published. The Surgeon-General has reported that an additional building will be required for the laboratory, and the favorable action of the Congress thereon is recommended. REVENUE-CUTTER SERVICE. The following is a summary of the work performed by vessels of the Revenue-Cutter Service for the year ended June 30, 1902: Lives saved (actually rescued) from drowning Persons on board vessels assisted Persons in distress laken on board and cared for Vessels in distress assisted Vessels boarded and papers examined Vessels seized and reported for violation of law^ Fines and penalties incurred by vessels reported Vahie of vessels assisted and tbeir cargoes Distance covered in nautical miles 55 645 538 101 22,567 191 ^45,182.50 |2,224,089.00 294,173. 05 Services. The general and specific duties imposed by laAv upon this Service are of such character that they can never be narrowed, but must broaden and find new channels Avith the growth of commerce and the country, to meet new demands Avhich are yearly being added to its field of usefulness, while in time of war it becomes, under the provisions of law, a part of the naval establishment b};^ cooperation for offensive and defensive o.perations. EA^ery 3^ear, in aid of commerce, the value of property saA^ed is far in excess of the sum annually appropriated for its maintenance. In theyear just closed the value of property Avhich the Service assisted in saving is shoAvn to have been $2,224,089. The total appropriation for its maintenance for the year Avas $1,240,000. There liaA^e been in active commission throughout the year 37 vessels, embracing 24 cruisers and 13 vessels on harbor service; and 12 officers of all grades have been on detached duty, in connection Avith the construction and repair of Aressels for the Service. For inspecting, drilling, and disciplining creAvs of the Life-Saving Service and the superintendence of construction of life-saving stations, 13 officers of the Revenue-Cutter SerArice have been constantly on duty, under the direction of the General Superintendent of the Life-Saving Service. Vessels. In recent annual reports of the Secretary of the Treasury, the kind and character of vessels composing the fleet of revenue cutters 40 REPOR r ON THE FINANCES. and the necessity for providing new ones haA^e been urgently and carefully represented to Congress. Referring to this subject in his last annual report, my immediate predecessor said: Attention is again invited tb the absolute necessity for providing a number of new vessels to replace old ones of the fleet. The old, obsolete, and in other respects inefficient vessels in the RevenueCutter Service are a source of constant anxiety, not only because they are not adapted to the work of the Service and can not be depended upon in eniergencies, but because the annual expenditures required to keep them afloat and in commission can only be justified upbn the ground that the active presence of cutters on stations is essential to the public interests. These vessels are anything rather than efficient revenue cutters; they are discreditable to the Department and furnish subj ect for criticism. Of this class are the following: The TFbod^t^r'?/, constructed in 1864: Original cost, $92,000; since for repairs, $94,339; total cost to June 30, 1901, $186,339. The McLane, purchased in 1865: Original cost, $36,000; for repairs, $117,876; total cost to June 30, 1901, $153,876. The Hamilton, constructed in 1871: Original cost, $65,000; for repairs, $103,567; total cost to June 30, 1901, $168,567. The Boutwell, constructed in 1873: Original cost, $70,000; for repairs, $54,490; total cost to June 30, 1901, $124,490. It is plain that further expenditures on these old vessels should not be continued longer than it Avill take to provide new ones to supply their places. It is therefore recommended that new vessels be constructed to replace those above named, at a cost for each of $175,000. This AAdll require an appropriation of $700,000. There is undoubtedly great need of new vessels of modern construction to meet the exigencies of the Revenue-Cutter Service. The subject of the necessity for new vessels for this Service has been called repeatedly to the attention of the Congress. It is urged that the sum of $875,000, sufficient for the construction of at least 5 vessels, to replace the same number of old craft now in the Service, be appropriated and made immediately available. Bering Sea and Alaska. The annual cruise for the protection of the seal herd b y t h e cutters Bear, Thetis, and Manning, designated by the President for the purpose, was in course of execution at the close of the j^ear. The cutter Perry .was dispatched to visit the salmon fishing grounds and canneries on the coast of Alaska from Sitka to Bristol Bay, while the Bush performed like duty from Sitka through Southeastern Alaska. Each of these vessels had on board an authorized agent ol the Government for the supervision of the industries indicated. The North Pacific and Bering Sea patrol has been maintained as usual, but reports covering the work done have not been received. Personnel. The act approved April 12, 1902, recognizes the military character of the Revenue-Cutter S^ervice, places its officers upon an equal foot SECRETARY OF THE TREASURY. 41 ing with those of the Army and Navy, confers upon its commissioned personnel rank, pay, and alloAvances of officers of the Army up to and including the grade of major, U. S. Army, and provides for retirement from active service because of age or physical infirmities, on the same lines with the provisions of law in force for the other military services. The law will be undoubtedly of great aid in the improvement of the efficiency of the Revenue-Cutter Service. There have been retired from active SerAdce since the approval of the measure 9 captains and 5 chief engineers because of age, 64 years; 1 chief engineer, 1 third lieutenant, and 2 second assistant engineers because of physical disability. Pensions. Attention is invited to the following language of my immediate predecessor, in his annual report for the fiscal year ended June 30, 1897: Under the provisions of section 4714, Revised Statutes, the officers and seamen of the Revenue-Cutter SerAdce who may be Avounded or disabled in the discharge of their duty ''while cooperating Avith the Navy by order of the President," may be placed upon the Navy pension list. The ordinary duties devolved upon the Revenue-Cutter Service are fraught with greater risk of life and limb than that incurred by the Army, NaA^y, and Marine Corps in time of peace, Avhile in time of war they are at least equal, and every argument that applies as a justification for extending this bounty to those services has equal force on behalf of the enlisted men of the Revenue-Cutter Service. I therefore recommend that the law, section 4714, Revised Statutes (act of April 18, 1814), be amended to read as folloAvs: ' ' T h e enlisted men of the Revenue-Cutter Service of the United States, who have been or may be wounded or disabled while in the actual discharge of their duties, shallbe entitled to be^placed upon a pension list, under the same regulations and restrictions as are now provided by law for enlisted men of the Navy." The statute sought to be amended by the aboA^e recommendation has been in force since 1814, or eighty-eight years. There is no provision of law under which enlisted men of the Revenue-Cutter Service can be provided for in the event of their disablement in the line and performance of duty in time of peace. Some provision should in fairness be made, and it is hoped that section 4714, Revised Statutes, maj^ be amended as indicated. NAVIGATION.^ On June 30,1902, the merchant marine of the United States, including all kinds of documented shipping, comprised 24,273 vessels, of 5.797 902 gross tons. Oh June 30, 1901, it comprised 24,057 Aressels, 42 REPORT ON T H E FINANCES. of 5,524,218 gross tons. ';i|he following table SIIOAVS the geographical distribution, motive poweii and material of construction, and trade of vessels of the United Stat'es for the fiscal year 1902, compared with the fiscalyear 1901, and also the construction for the two years: COMPARISON OF 1901 AND 1902. 1902. 1901. j Gross tonnage. Nuniber. 1 Number. Gross tonnage. G E O G R A P H I C A L DISTRIBUTTJON. Atlantic and Gulf coasts P o r t o Rico Pacific coast Hawaiian Islands .... . N o r t h e r n lakes W e s t e r n rivers i ! i ... i '. Total •. " I. 16,741 25 2,387 64 3,253 1,584 2,849,342 5,297 676,682 37,149 1,706,294 249,454 17, OiO 42 2,492 61 3,172 1,466 2,978,876 6,180 741,825 32,386 1,816,511 .222,124 2^,057 5,524,218 24,273 5,797,902 16,469 174 2,340,908 262,357 16,367 179 2,347,977 273.051 2,603,265 16,5-16 2,621,028 6,44i^ 1,2 4 1,270,046 1,906,828 1 POAVER AND MA^rERIATj. j Sail: a Woodand steel Iron i . . . . '1 Total j... Steani: Wood Iron and steel i i -i 16,643 6,214 1,200 !. 7,414 1,282,293 1,638,660 2,920,953 7,727 3,176,874 J 735 2,677 }^3,06S 586,840 703 2,770 79,408 599 742 ! 3,412 669,908 3,473 679 150 161 194 972 366, r.i 7 63,105 459,407 155 186 885 398,135 60,690 423,730 i 1,327 889,129 1,226 882,555 Enrolled and licensed : ! Steani, iron and steel Steani, wood Sail, wood and iron and steel a j 1,039 6,0.20 15,671 1,272,043 1,219,188 2,143,858 1,120 6, .257 15,6i\l 1 508 693 1,209,356 2,197,-^98 22,730 4,635,089 23,047 4,915,347 823 271 17') 311 236,948 54,568 169,085 . 22,88.s 973 224 133 161 237 063 53'059 l'.8,873 9 836 1,580 483,489 1,491 468,831 514 12 104,419 31,746 578 3 89 292 8^406 .405 101 79 37,463 236,128 9,078 477 102 44 37,246 270 932 4,539 465 4 1,580 69,830 4,825 285 2 57,392 1,024 483,489 1,491 468,831 Total Canal boats Barares Total.. 1 TRADE. .. _ i Registered: j Steani, iron and steel '. Steam, .wood I Sail, wood and iron and steel a Toial Total I CONSTRUCTION DURING THE j YEAR. Geographical distributid^n. 1 j Atlantic and Gulf coasts Pacific coast N o r t h e r n lakes Western rivers . • Total Power a n d viaterial.] • 1 ! 1. Sail: Wood Steel Steam: Wood Iron and steel Canal boats Barges: Wood Steel Total.. : i a i n c l u d i n g barges and canal boats. SECRETARY OF THE TREASURY. 43 American shipping was greater in volume on June 30, 1902, than ever before in our history. The tonnage losses of the civil Avar have been more than made good. New vessels of the j e a r have been of superior types, including the largest transatlantic steamer ever built in the United States, the fastest steamer for Asiatic trade yet built in any country, and the largest steamer ever launched into the Avaters of the Pacific. The total tonnage completed was a trifle less than in 1901, but the shipbuilding in progress during the year, in the value of materials and aniount of wages, has never been equaled in this countiy. If the rate of progress during the past few years could be maintained, the United States would in time become a competitor Avith Germany for the second place as a shipbuilding nation. The outlook for the current fiscal year is not, however, so promising. A large amount of unfinished tonnage Avill be launched and completed. Few new contracts for ocean steamers have been reported. The growth of American shipping has been entirely Avithin the domestic trade. The tonnage registered for foreign trade is smaller than a year ago, but it is more efficient, as the proportion of steamers has increased. American vessels carried 8.8 per cent of our exports and imports, a small gain over the percentage of 1901. These modest figures show the small share of our national shipping in our foreign trade, but they fall far short of showing the place held by American capital in ocean navigation. For several years American capital in increasing amounts has been invested in ocean steamers under foreign flags. Recently this IIIOVCT? ment has taken form in the organization of an American steamship company, which, in the tonnage, average speed, and size of its steamers, equals any two combined of the Avorld's gieat steamship companies. Yet, only an insignificant proportion of this company's tonnage—about one-eighth—is under the American flag. The tendency noted and the organization of this company show conclusively that abundant American capital is disposed to engage in commercial enterprises on the sea, and that, under existing conditions, the ready outlet for it is afforded by resort to foreign flags. American capital prefers investment under foreign flags because it costs more to build ocean steamers in the United States than abroad, and, once built, it costs more to operate steamers under the American than. under foreign flags. Only steamers built in the United States are entitled by law to fly our colors. If foreign-built steamers were admitted to American registry, the handicap of higher wages for crews shipped in American ports would remain. The Department's conclnsions and the facts and considerations upon which they have been based have been set forth in detail in former reports. 44 REPORT ON "THE FINANCES. Tonnage taxes collected! during the past fiscal year amounted to $868,783.91, compared witli $903,138.88 for the previous year. Even with increasing commerce!, the total tonnage taxes, under existing law may decline, as regular lines of steamers continue to supersede " t r a m p " services. The Commissioner of Navigation points out that under our present law the passage of a bill pending in the British Parliament msij relduce our receipts from tonnage tax about 32 per cent. His recommjBndation for a refund of additional taxes necessarily imposed on a jfcAv Cuban vessels for a fcAv Aveeks after the establishment of the Republic is indorsed. Congress should provide American registry for Aressels owned in the Philippines, as it has provided for the American registry of vessels owned in other acqiuisitions of the United States. If desired, a bill "for this purpose will be submitted at this session, to allow ample time for a full understanding of its effect and for the establishment of the necessary administratiA^e machineiy before July, 1904. I Shipping commissioner^ are now established at 22 seaports. Last year 176,836 seamen! were shipped, reshipped, and discharged by these officers at a cost to the Government of $58,988.36. The Supreme Court has decided t h a t t h e rent and necessaiy office expenses of shipping commissioners are a legitimate charge on the Treasur3\ An item of $9,000-for thisjpurpose is included in the estimates. The report of the Coinmissioner of Navigation refers in detail to the matters mentioned and to others, and the attention of the Congress is invited to its statements and recommendations. i STEAMBOAT-INSPECTION SERVICE. i The expenses of the S,brvice Avere, for salaries, $303,796.61, an increase over the previous iyear of $5,894.43; for contingent expenses, $56,259.25, an increase o|ver the previous year of $797.55. This increase is due to the faet that additional assistant inspectors were found necessaiy at San Francisco, Cal., and Seattle, Wash., and to the largely augmented c|ommerce incident to gold discoveries in Alaska. The nuraber of sail vessels inspected at San Francisco was 118, and at Seattle, 57. jThe increase in contingent expenses was incidental to the increased number of inspections. The'number of vessels inspected and certificated was 9,261, Avith a total gross tonnage of 5|,293,526, an increase in number of vessels inspected of 88 and of tonnage 450,299 over the previous year. Of the number of certificates issued, 367Avere to foreign passenger steamers, with a gross to|nnage of 1,587,076; 138 to motor vessels, .with a tonnage of 6,0211; 500 to sail vessels, with a tohnage of 578,579. ! 45 SEORETARY OF THE TREASURY. The number of officers to Avhom licenses are issued by the Service is estimated to be about 40,000. The number issued during the past year Avas 20,108, of Avhich probably about 17,000 were renewals of five-year licenses issued in the first half of the fiscal year ended June 30, 1897, the remainder being for original licenses. Under the act of January 22, 1894, there Avere tested at the mills Avhere manufactured 5,958 steel boiler plates for marine boilers, of Avhich number 674 plates Avere rejected. There was an increase over the previous year of 121 in number of plates tested and inspected and an increase of 17 in plates rejected. ANNUAL CERTIFICATES OP INSPECTION ISSUED TO FOREIGN STEAM VESSELS BY THE INSPECTORS DURING FISCAL YEAR 1902. Nationality. Britisli German— Norwegian Italian ' Dutch French Belgian — Japanese.. Number. 217 52 21 14 13 12 10 Gross tonnage. 837,297 376,791 20,808 56,228 63,218 73,974 41,105 50,620 Nationality. Number Spanish Cuban Danish — . Portuguese, Chilean Total. Gross tonnage. 25,920 10,769 19,311 8,395 2,640 367 1,587,076 The above 367 certificates of inspection Avere issued by the inspectors to 361 foreign steam vessels, with a total of 1,573,963 gross tons, 6 of Avhich steamers—the Toronto, inspected at New York, N. Y.; 1;he Aorangi, at Seattle, Wash.; the Minnie M. and Ossifrage, at Marquette, Mich.; the Alexandria, at Buffalo, N. Y., and the Managua, at Mobile, Ala.—were twice certificated by the inspectors during the year. The increase in annual certificates issued to foreign steam vessels over previous year Avas 26, and there Avas an increase over the previous fiscal year of 210,833 in gross tonnage of foreign steam vessels certificated. There Avere 55 accidents to steamers involving loss of life, 8 more than in the previous 3^ear, and the number of lives lost was 445, an increase over the previous year of 105. COAST AND GEODETIC SURVEY. The appropriations for the United States Coast and Geodetic Survey on account of the fiscal year 1902 amounted to $832,845. Of this amount, the sum of $210,245 was for pay of officers and men tt) man and equip the vessels of the Survey, and $54,600 for repairs and maintenance of vessels. The sum of $34,500 was for office expenses, including installation of a new electrotyping plant. The remainder of the appropriation Avas about equally divided between expenses of parties in the field and salaries of the field and office forces. . 46 REPORT ON THE FINANCES. Hydrographic and topographic surveys were made in 12 States. In Alaska, surveys were contihued in Icy Straits- and Cross Sound, in Prince William Sound, and in the principal passes through the Aleutian Islands into Bering Seal In Porto Rico, hydrograpljiic work was continued in the harbors and bays and off«shore. The triangulation around the island and topographic survey along th'e shore line Avere completed. In the Hawaiian Islands, the Avork of separating the records relating to the coast survey from! the Land Office records Avas continued and a list of the geographic inames used in the islands Avas completed. The director of coast surveys in the Philippine Islands, an officer of this Bureau, in cooperatijon Avith the Insular Government, has continued the important work of charting the imperfectly known AA^aters of tKe archipelago. Detached surveys, based upon astronomical determinations, and including base measure, triangulation, topography, hydrogaphy, and tide bbservations, have been made at various points, and many additional telegraphic longitudes have been determined. Magnetic observations were continued. The work in the Manila office Avas executed |vith promptness and dispatch, the total output amounting to 18 ncAy charts and 2 new editions of charts formerly published. Sailing directions for the north and west coasts of Luzon Avere prepared and spnt to the printer. Good progress has been made with the general magnetic survey, and observations Avere made at 149 new stations in 12 States and Territories, including Alaska, Porto Rico,-Hawaii, and the Philippine Islands. A magnetic observatory has been established at Sitka, Alaska, and Honolulu, HaAV'aii, and a continuous record of the changes in the earth's magnetism is jnow obtained at these tvvo points, and also at Cheltenham, Md., and Baldwin, Kans. Special observations have been made at each of these! observatories onthe 1st and 15th of each month since Januaiy 1, 1902, at the formal request of the German Government, in order to ccjoperate with the foreign observatories in international magnetic work during the time of the various antarctic expeditions which have bjeen sent out from Germany and Great Britain. j The special report on "]The Eastern Oblique Arc of t h e U n i t e d States" has been publishjed and distributed. Part IV A of the Manual of Tides, "Outlines of Tidal Theory," Avas issued as an c appendix to the annual report for 1900. The Coast Pilot from Dixon Entrance to Yakutat Bay was also issued. The Coast Pilot of Chesapeake Bay-and its tributalries was revised and printed, and the regular monthly notices to mariners Avere issued. A chart showing the lines of equal magnetic declination on January 1,1902, was compiled and issued. The current jwork in the office of the Survey was kept up to date, I SECRETARY OF THE TREASURY. ' 47. Continuous tide observations Avith automatic gauges were maintained at 8 stations, including 1 station in HaAvaii and 1 in the Philippine Islands. Satisfactoiy results have been obtained during the year at the latitude observatories maintained under the direction of the Survey at international expense at Gaithersburg, Md., and Ukiah, Cal., for the purpose of measuring the AT^ariations of latitude. One officer continued on duty as a member of the Mississippi River Commission. The two officers appointed by the United States Supreme Court as members of the commission to retrace and mark the boundary line between the States of Virginia and Tennessee continued this work, and one officer continued the resurvey of Mason and Dixon's Line under an assignment requested by the comniission of the States of Maryland and Pennsyl \^ania. NATIONAL BUREAU OP STANDARDS. The National Bureau of^ Standards was established July 1, 1901, by the act of March 3, 1901. In addition to the equipment of the old Office of Standard Weights, and Measures, $10,000 was provided for apparatus and $5,000 for general expenses, including booJ^s and periodicals. The Avork of the first fiscal year included the preparation of plans for the new buildings-of the Bureau, the dev-elopment of some of the new Avork of the Bureau, and the current testing, including chiefiy the testing of lengths, masses, thermometers, electrical resistances, and optical instruments. As stated in the last report, there are to be two laboratory buildings erected for the use of the Bureau on a suitable site situated near the intersection of Connecticut avenue and the Pierce Mill road, about 3 miles northAvest from the Capitol. It was found necessaiy to exceed the original appropriation of $250,000 in order to provide a sufficient capacity in the mechanical laboratoiy, and accordingly Congress at its last session extended the limit of expenditure for the two buildings from $250,000 to $325,000 and added $30,000 for equipment. NCAV apparatus to the extent of the $10,000 available has been purchased and considerable time expended in laying out UCAV work for the next fiscal year. On account of the pressure of other work in the office of the Supervising Architect, the plans of the new buildings forthe Bureau have been delayed, the contract for the mechanical laboratory not being lAade iihtil late in June, 1902, Avhile the plans of the physical laboratory are stiir unfinished. The mechahicalv laboratoiy is to be finished September 1, 1903, while the physical laboratoiy will probably be completed about eight months later. On account of this unexpected delay, permission Avas secured from the Congress to rent the 48 ' REPORT ON THE FINANCES. 4-stoiy building on New J;ersey avenue SE. as a temporary laboratory and instrument shop. I The building Avas accordingly occupied on July 1, 1902. It affords reasonably convenient facilities for a small instrument shop andi for laboratoiy Avork in alternating currents and high-temperaturej measurements. The enlarged facilities of the Bureau have made it possible to do a greater amount of testing!during the year than did the former office of Standard Weights and: Measures. Nevertheless, the demands upon tho Bureau by manufacturers of scientific apparatus and of machinery and others have been far in excess of Avhat could be met, and not until the new buildings are fully equipped and the personnel largely increased can the demands for information and testing be filled. I • • • Metric system." Attention is again call(:id^ to the necessity for a reform in our present system pf Aveights jand measures. The greater part of the world has already adopted! the international decimal system. The many advantages to be gained by the introduction of such a system in place of the several heterogeneous systems noAv in use, none of which are decimal or international in character, would prove of the greatest value to the mainufacturing, commercial, scientific, and educational interests of the country. It is believed that the introduction of the international or metric system of weights and measures in the departments of the Government, alloAving a reasonable time for the change, Avill not only greatly facilitate the work of these departments, but Avill bring about its general adoption by the public without further legislation: LIGHT-HOUSE ESTABLISHMENT. ! The annual report of the Light-House Board contains a full statement of the operations conducted under the Light-House Establishment and of its iiresent condition and future needs. It is a groAving service, as it must necessarily keep pace Avith expanding commerce by responding to its demands for the A^arious forms of aids to navigation. ; ° .. The advance in the costjof materials, higher Avages for labor, and the operation of the eighti-hour laAv, and of the tariff under which the Light-House Establishjnent is required to pay a duty on all of its importations, especially lens apparatus, upon Avhich from 45 to 60 per cent is charged, increase jthe cost of maintaining the light-houses and light-vessels much beyond that of former years. This Department in its letter dated January 30,1902, to the Speaker of the House of Representatives, a copy of which appears in the annual report SECRETARY OF THE TREASURY. 49 of the Light-House Board, has suggested that the law operating heretofore, but which is made inoperative bj^ a decision of the Comptroller of the Treasuiy, be again enacted, by which importations for the Light-House Establishment for light-house purposes be admitted hereafter free of duty. There are UOAV in operation 1,332 light-stations. Others are in process of construction, and recommendation has been made by the Light-House Board that appropriations be made for the building of others. In this connection, the Department urges upon the attention of Congress the necessity for liberal appropriations, inasmuch as economy and business reasons require that all light-houses hereafter constructed shall be of the latest and most improved type. The Department wishes to reiterate the folly of anything but the highest standard in the construction and equipment of such Adtal aids to commerce as light-houses and light-ships. The appropriation for supplies of light-houses for 1903 was $475,000. The Department approves the recommendation of the Board that $502,886 be appropriated, to be expended for that pur-. pose during the next fiscal year, this amount being based on careful calculation as to actual needs. The appropriations for the repair, etc., of light-houses have hot kept pace Avitli those for the establishment of new light-houses. The light-stations, especially those established in the early days of the Service, require that much should be done to keep them in Avorking order. The Department approves the Board's recommendation that $825,000 be appropriated for'the repair, etc., of light-houses during the next fiscal year. The increase in the number of ligiit-houses makes an increase in the number of light-keepers necessary. For the last fiscal year Congress appropriated $800,000 for not exceeding 1,650 keepers. For the present fiscal year an appropriation of $833,000 is necessaiy. The Board reports commendable progress in the establishment of aids to naArigation in Alaskan waters, and it estimates that $350,000 can be expended profitably during the next fiscal year in the establishment of eight more light-stations, Avhich are held to be urgently necessary to the safety of Alaskan commerce an.d navigation. Special attention is invited to the previous recommendation that authority be given for creating two additional light-house districts. The light-house service of the United States in the West Indian territory should constitute one light-house district and the Alaskan Avaters should constitute another. It has been found difficult, expensive, and exceedingly inconvenient to administer the affairs of the Porto Rican light-house service from the headquarters of the third light-house district, Avhich are located at Tompkinsville, N, Y., and it is equally difficult, expensive, and inconvenient to adminFi 1902—-4 50 REPORT ON THE FINANCES. ister the affairs of the Alaskan light-house service from Portland, Oreg., the headquarters of the thirteenth light-house district. The Board's recommendation as to the need for additional lighthouse tenders, and especially the one for Porto Rican waters, is commended to the attention of Congress. LIFE-SAVING SERVICE. The number of disasters to documented vessels Avithin the scope of the Service was 385. On board these vessels were 3,424 persons, of Avhom 19 Avere lost. The estimated value of the vessels was $9,253,630, and that of their cargoes $5,139,380, making the total value of property involved $14,393,010. ^ Of this amount, $12,125,220 was saved and $2,267,790 lost. The number of Aressels totally lost was 51. In addition to the foregoing, there were 361 casualties to undocumented craft—sailboats, rowboats, etc.—carrying 796 persons, 6 of whom perished. The value of property involved, in these instances is estimated at $174,120, of Avhich $167,575 Avas saved and $6,545 lost. The aggregate of disasters to vessels of all descriptions, Avith their A-alue, including that of their cargoes, and also the number of persons involved, is, therefore, as follows: Total number of disasters Number of vessels totally lost \ Total number of persons involved • Total number of persons lost ,, Total number of shipwrecked persons succored at stations Total number of days' succor afforded Total value of property involved Total value of property saved Total value of property lost 746 51 4,220 25 712 1,272 114,567,130 112,292,795 12,274,335 The foregoing summary does not include 70 persons Avho were rescued from various positions of danger, most or all of whom Avould otherwise haA^e perished, nor the 7 members lost from the Monomoy life-saving crcAv. Much assistance Avas rendered in saving imperiled vessels and cargoes, 615 Aressels liaving been worked afioat AA^hen stranded, repaired when damaged, extricated from dangerous positions, and similarly aided by the station crews. Besides the foregoing, assistance of minor iinportance Avas rendered to 480 vessels.. Altogether, therefore, 1,095 vessels of all kinds, including small craft, Avere aided by the Service. This number does not include 237 instances in AA^hich vessels running into danger—210 of «Avliich Avere b}^ night—Avere Avarned off by station patrolmen, numerous disasters undoubtedly being thereby averted. The most notable event of the year Avas the loss of the keeper ^ and 6 of the Monomoy life-saving crew on March 17 while engaged in an attempt to rescue 5 men from the coal barge TFacZe/7X6 stianded on the coast of Cape Cod. These surfmen perished on an errand to SECRETARY OF THE TREASURY. 51 which they were summoned by the men on the barge, who were safely taken into the surf boat, but became panic-stricken and so interfered with the use of the oars by the crcAv that the boat was capsized and lost. TAVCIA^C lives were thus sacrificed. Great sorrow and sympathy were aroused throughout the whole country, and a popular subscription-of over $45,000 was raised, mostly in Massachusetts, for the support of the widows and care and education of the orphan children. Widespread interest also developed among the marine organizations of the principal commercial cities, who. gave expression to the general feeling by numerous petitions for the passage by Congress of a pension act to cover similar cases. A bill was ^introduced in the House of Representatives and favorably reported from the Committee on Interstate and Foreign Commerce. The Department recommends its enactment. The number of stations embraced in the Service at the end of the fiscal year was 272, of which 195 are located on the Atlantic and Gulf coasts, 60 on the coasts of the Great Lakes, 1 at the Falls of the Ohio River (Louisville, Ky.), and 16 on the Pacific coast. The net expenditure for the maintenance of the Service during the year was $1,654,392.96. New stations at South Manitou Island and Sleeping Bear Point, Mich., were completed during the year. A new station at Arena Cove, Cal., is approaching completion, and plans and specifications are in course of preparation for a new station to be established on Fishers Island^, N. Y. New stations at Amagansett, L. I., and Harvey Cedars, N. J., have been completed. Old stations at Long Beach and Squan Beach, N. J., Seatack (Virginia Beach), Va., and Whales Head (Currituck Beach), N. C , are being replaced by new ones. A new floating station at Louisville, Ky., at the falls of the Ohio River, and a UCAV station at Ship Canal (Portage), Mich., are nearly completed, as is a Avharf upon which to construct a new station at Chicago, 111. ' • -^ The act making appropriations for the sundry civil expenses of the Government for the fiscal year ended June 30, 1902, provided for the placing of a Lyle gun, the beach apparatus used with it, and suitable surf boats, at Cape Nome, Alaska. A suitable equipment was also authorized to be located at Port Day, N. Y., for the protection of life from drowning in the rapids of Niagara River. These provisions have been complied with. SECRET SERVICE. The Secret Service Division reports 573 arrests during the year, the capture of $65,000 in counterfeit notes and coins, and a large quantity of dies, molds, ,and contraband material. The activity of the agents was such as to discourage the issuance of new counterfeit 52 REPORT ON THE FINANCES. notes, only one dangerous bill having made its appearance during the year. The division performed much work for the other Departments in such a manner as to meet with commendation. The chief of the division renews the hope that the habitual criminal act now under consideration by the Congress Avill receive favorable action during the coming session, and the Department is in full sympathj^ Avith him in the matter. There is a large field for effective Avork among the disaffected classes—that is to say, those who advocate the use of force in the destruction of governments, and Avho preach assassination and anarchy. No provision exists for the investigation of the secret organizations which are inaintained in all centers of industrial activit}^ and Avhose existence is a constant menace to the lives of the highest officers of this and other governments. The Secret Service Division is well organized for the prosecution of the necessaiy investigations, but lacks the means and authority to carry them out. The matter is commended to the attention of Congress. STATE BONDS AND STOCKS OAVNED BY THE UNITED STATES. The folloAving statement shows the nonpaying State bonds and stocks, formerly in the Indian trust fund, noAv in the Treasury, belonging to the United States: Louisiana North Carolina. South Carolina Tennessee Virginia Total '...;. ° -. |37,000.00 58,000.00 125,000.00 835,666.661 594,800.00 1,150,466.66f The above is a statement of the principal of such stocks and bonds, and does not include interest. The indebtedness of the State of Tennessee is subject to such action as may be taken under the joint resolution, approved May 12, 1898 (30 Stat.L., pp. 742, 743), Avhich provides for the adjustment of the clainis betAveen the United States and the State, with directions that any settlement or compromise effected by virtue of the act shall be reported to the Congress for its action and approval. By section 4 of the act of March 3,1899 (30 Stat. L., 1358), the Secretary of the Treasuiy Avas authorized and directed to institute proceedings against the States indebted to the United States on account of bonds or stocks. Acting under this authority, demands Avere made upon the States for payment of amounts due from them, respectively; and no satisfactory response thereto having been made, the claims Avere transmitted to the Attorney-General for the institution of suits in the Supreme Court of the United States. SECRETARY OF T H E 58 TREASURY. Suits were filed by the Attorney-General, b u t were subsequently discontinued and dismissed under the directions given in the sundry civil actof June 6, 1900 (31 Stat. L., 612). During the present calendar year $132,000 of Florida State bonds, heretofore included in this statement, haA^e been canceled and returned to the State, settlement of the mutual account between the United States and the State having been made in accordance with the provisions of the act of May 27, 1902 (32 Stat. L., p. 235). The act of May 27,1902 (32 Stat. L., p. 235), directs settlement of all claims of the States of Virginia and South Carolina for advances and expenditures made in the war. of 181.2 to 1815 Avitli Great Britain, and provides that in the settlement any bonds or other evidences of debt of said States held by the United States on any account shall be credited as offsets. Final settlement of these claims has not yet been made. A histoiy of these State stocks and bonds is given in House document No. 263, Fifty-fourth Congress, second session. CENTRAL P A C I F I C DEBT. All amounts which have become due to the United States under the agreement dated February 1, 1899, for the settlement of the indebtedness of the Central Pacific Railroad Company, have been paid by the railroad company in full, including interest on all outstanding notes to August 1, 1902. The principal of all notes held August 1, 1902, amounted to $38,228,265.14, and first-mortgage bonds to the amount of $38,229,000 were held as security for the payment thereof. HAWAIIAN DEBT. Pursuant to the appropriation made by the act of March 3, 1901 (31 Stat. L., 1152), to carry into effect the agreement embodied in the joint resolution " T o provide for annexing the Hawaiian Islands to theUnited States," approved July 7,1898, under which not exceeding $4,000,000 of the.debt of HaAvaii, including postal savings deposits, was assumed by the United States, interest-bearing bonds and postal certificates have been redeemed by this Department, as follows: AmountBonds, etc. Bonds Postal savings deposits Total Paid by Assumed by United States. United States. Balance unpaid. $3,235,400.00 764,570.31 $3,223,813.00 759,437.20 $11,587.00 5,133.11 3,999,970.31 3,986,250.20 16,720.11 54 REPORT ON THE FINANCES. ESTIMATED REVENUES AND EXPENDITURES. The revenues of the Government for the current fiscal year are estimated at approximately $694,000,000. Expenditures during the the same period are estimated at $651,000,000, leaving an estimated surplus for the fiscal year of $43,000,000. The revenues for the fiscal year ending June 30, 1904, are estimated at approximate^ $730,000,000. Expenditures, exclusive of isthmian-canal rights and other extraordinary appropriations for the same period, are estimated at $680,000,000, leaving the estimated surplus for the year $50,000,000. These figures assume that existing business activities AAdll continue Public revenues, like private earnings, are dependent A^eiy largely upon industrial and commercial conditions. The largest deficit of t h e l a s t decade (except pending the Spanish war) was $70,000,000. The Government Actuaiy estimates that were the present population^ to produce, consume, and import relatively the same class of goods and per capita the same amount that they did during the most unfavorable fiscal year in the recent past, there would be a deficit under present revenue laws of $90,000,000 per annum, instead of $50,000,000 surplus. THE CURRENCY. Any coin that the Government gratuitously and in unlimited quantity coins for the bullion owner will be Avorth exactly the same as the material of which it is coined. By act of Congress approved Februaiy 12, 1873, and by a second act approved March 14, 1900,° the value of the United States dollar was declared to be that of 25.8 grains of gold .900 fine. These acts have been referred to as establishing and determining the gold standard in the United States. ' In 1792 the Congress authorized the purchase of bullion.and the coinage of cents on' Government account. Subsequently these cents Avere made legal tender in limited amount, but it was deemed unsafe as well as unjust to enforce the acceptance even of cents at more than their metallic A-alue, and they Avere therefore made redeemable in lawful money. Similar pro Adsion, and for the same reason, has been made with respect to all minor coins. In 1853 the Congress authorized the coinage on Government account of subsidiary silver coins of relatively less bullion value than the then standard coin, and made the same legal tender in liinited amount, but it was subsequently deemed unsafe, as Avell as unjust, to enforce the acceptance thereof without special provision for their redemption. In 1862 the Congress authorized the issuance of what was known as United States notes, popularly called " greenbacks," and made SECRETARY OF THE TREASURY, 55 the same, as between individuals, legal tender in unlimited amount. But because there was no provision for their redemption in coin, their purchasing power fluctuated very materially, notwithstanding the fact that their debt-paying power remained the equivalent of gold. Subsequently, the Congress, recognizing the ruinous effect upon commerpe of an irredeemable currency, made special provision for the redemption of these notes in ^ i ^ 4^ In 1893 a A^eiy serious financial panic arose, Avhich threatened every cominercial and industrial institution in the land. Without going unduly into the histoiy of this panic, i t i s quite universally recognized that the possibility of GoA^ernment notes being re&eemed in coin worth less than 25.8 grains of gold Avas the prime factor which led to the hoarding of gold. There was no occasion to fear that greenbacks and Treasuiy notes would not be redeeined in coin^, for this had been expressly provided, but there Avas occasion to fear that they might be redeemed in unprotected silver Avorth 54 cents in gold. Subsequently, on March 14, 1900, the Congress, recognizing that the parity of thie demand obligations of the Governnient could not long be maintained Avhen redeemable in anything other than standard coin, expressly provided for the redemption of greenbacks and Treasurynotes in gold. No provision has yet been made for the redemption of, silver or its exchange for gold. There are now outstanding, in round figures, 550,000,000 coined silver dollars, of material Avorth not 54 cents each, as in 1893, but less than 40 cents each; and there is no express provision of laAv to protect the holder should public revenue again fall beloAv current expenses and gold cease to flow into the Treasury. It is true that by acts of Congress silver is receivable for customs dues and other debts, but the same laAv existed in 1893; and it reserves to the Government the right to pay in silver and compels its creditors to accept the same at par. It is doubtful if the soh^enc}^ of a business man could be established by his agreeing to acce'pt his OAVU obligations on debts due to himself, Avhile refusing to redeem th6 same in any money his creditors might designate. He might escape litigation so long as he remained a great creditor and a small debtor, but not afterAvard, and at no time Avoiild his business standing fail to suffer. National-bank notes are secured by a special deposit of Government bonds, the principal and interest of most of Avhich are payable in gold, but the notes themselves are payable in "lawful money," • Avhich includes irredeemable silver dollars, more than 60 per cent fiat. In 1893 there were outstanding, roundly, $346,000,000 in United States notes and $147,000,000 in Treasurynotes, all redeemable in coin, and. the cheapest coin in which these nbtes could have been redeemed was worth 54 cents in gold. There were also $180,000,000 national 56 - ^ >" ' .REPORT ON THE FINANCES. bank notes, payable in ''lawful inoney," and therefore liable to be discharged in silver worth 54 cents. There were also outstanding 420,000,000 silver dollars worth the same. There was therefore, approximately, in the aggregate, $500,000,000 of unprotected fiat in these three forms of money. Since that time United States notes and Treasuiy notes have been made redeemable by law in gold, but the present national-bank issue of $380,000,000 is payable in lawful money, which includes silver, worth not 54 cents but 39 cents, and there are now outstanding 550,000,000 silver dollars Avorth 39 cents each in gold. The aggregate unprotected fiat at this time is tlierefore $565,000,000, or $65,000,000 more than in 1893. Throughout this discussion, gold certifi^cates are treated as gold coin and silver certificates as silver coin. Not only current obligations of the Government, but all contracts between citizens, and all bills of exchange, domestic and foreign, payable in United States money, are dischargeable at the option of the payor (except Avhen otherwise expressly provided) in money coined on Government account and at fully 35 per cent profit to the Government, the bullion in which is worth less than 40 cents on the dollar. The peril involved in this condition may be averted for a time, and possibly for all time. The evils that precipitated the disaster of 1893 escaped popular, though not universal, recognition so long as public revenues exceeded expenditures. The reasom assigned Avhy the exchangeability of gold and silver should not be established is that it Avould entail so large an obligation that the national credit Avould be endangered. This concedes the argument, but pleads the preference that the GoA^ernment Avhich has coined this silver and profited thereby shall be protected regardless of possible danger to the citizens and the peril to business. The statute UOAV provides that parity between all forms of nioney shall be maintained. A former Secretary of the Treasuiy expressed the opinion that a somewhat similar statute authorized the redemption of silA^er in gold. If that be the intention, I submit it would be better to express the same in specific terms. It has been found necessaiy, in order to maintain the parity of greenbacks and Treasury notes, to exi)ressly provide for the redemption thereof in gold. I am not unmindful of the claim that parity Avill naturally continue so long as the Government accepts silver in payment of revenues. If this be true, there would, be no danger to the Government should the two coins be made interchangeable. I believe the Treasuiy of the United States Avould be in less danger Avitli an express provision for the exchangeability of gold and silver than under existing laws. At the present time the Treasuiy furnishes all the gold needed, whatever the purpose for which it is SECRETARY OF THE TREASURY. 57 demanded, and certainly no more Avould be required -for commerce, and not as much for hoarding, should all doubt as to the status of silver be removed. On the contraiy, if all forms of money were made the equivalent of gold, then all occasion for hoarding one coin more than another would vanish, and the danger to the Treasury would be diminished instead of being increased. The ability of this Government to fulfiir its promises has never been questioned, but doubts arising froin unexpressed policies have caused more than one crisis. The pursuance of the present policy of confining the issuance of currency of denominations of $5 and under very largely to silver certificates Avould preclude the possibility of the collection of a sufficient volume of silver or silver certificates to embarrass the Government. Should it be deemed wise to provide for the exchangeability of gold and silver, then national-bank notes might be made payable in gold. In this way there would be shifted to the banks the greater burden of furnishing gold for domestic use and for export, and this, in the event of an unfavorable balance of trade, might prove of great advantage to the Government. It would be manifestly unjust^ as well as illogical, to require banks to redeem their notes in gold so , long as legal-tender silver remains irredeemable and unexchangeable. There can be no valid reason, legal, economic, or equitable, Avhy the Government should not redeem in gold all its own obligations, Avhether they be represented in paper 100 per cent fiat, or in silver 60 per cent fiat. When the Government expressly guarantees its OAVU issue, no objection can appropriately be urged against requiring banks to pay their notes ih gold. On the contrary, I see many advantages to be gained, especially with respect to our foreign commerce, by making every obligation between the Government and the people, and between individuals, payable in money every dollar of which shall he the equivalent of 25.8 grains of standard gold, and on Avhich a demand for this equivalent can be directly or indirectly predicated. SUBSIDIARY" COINAGE. The aggregate of subsidiary coinage permissible under existing laws is one hundred million dollars. ^Tliis limit has b%en reached, i)ut the demand for subsidiaiy coins is by no means .satisfied, and the Department CA^en now is unable to fill all orders therefor. There is now in the vaults of the Treasury sufficient bullion to coin, in round numbers, 35,500,000 silver dollars, or $38,000,000 in subsidiary coins. The vaults of the Treasury are crowded with silver dollars, the amount of which will perhaps be better appreciated by stating that the space occupied in this way is the equivalent of a building 8 58 REPORT ON THE FINANCES. feet Avide, 10 feet high, and 1,450 feet long. This volume is being increased at the rate of a million and a half per inonth. Our increas-° ing commerce and population Avill at present absorb about ten million dollars in subsidiary coins per annum. It is not likely that this Avill continue indefinitely5 but I see no reason why, to the limit of this demand, it may not safely be supplied by converting the present volume of bullion into subsidiaiy coin, and thereafter by.recoining silver dollars. BANKING. Recent events not only justify but enforce the conclusion that our banking system is imperfect. During certain months of the year interest rates dropped dangerously IOAA^—dangerons in the sense that speculation was invited thereby. When the time arrived for moving crops, rates advanced alarmingly high. Meantime the price of Government bonds rendered the maintenance of national-bank circulation unprofitable, and this class of currency Avas retired Avith great rapidity. . • The Department exerted every influence within its authority to counteract this natural contraction. During the early spring the surplus revenues AA^ere deposited Avith national banks upon satisfactory security, but preference AA^as given to such institutions as maintained their limit of circulation. Then, during the months when rates of interest Avere IOAV, no deposits Avere made. Later in the season, when it became apparent that some measure of financial stringency Avas certain to arise, the Department suggested to various depositaiy banks the wisdom of making preparation for the issuance of additional circulation. This suggestion was submitted to 18 of the larger institutions located in central reserA^C cities, to AAdiich 15 responded with orders for printing $12,000,000 circulation, and in the actual issuance of something over $7,000,000. Later, additional deposits Avere made, but they were made mostly Avith such banks as agreed to increase their circulation by an amount equal to and frequently double the deposit. In this Avay $4,000,000 more circulation was secured. Still later an offer Avas made to accept, as security for deposits already made, the substitution of State and certain municipal bonds at 75 per cent of their face value, in lieu of Government bonds then on deposit, on condition that the Government bonds thereby refeased should be made the basis of immediate circulation. In this Avay about $15,000,000 circulation Avas induced. Thus, by means of these several methods, the Department secured, in round figures, $26,000,000 increase of circulation from the national banks holding Government deposits. During the twelve months from November 20, 1901, to November 20, 1902, 467 new banks were chartered, with a capital of over SECRETARY OF THE TREASURY. 59 $30,000,000 and an initial circulation aggregating, in round numbers, $7,500,000, while the eapital of existing national banks Avas increased more than $43,000,000. The increase in circulation, hoAvever, during the twelve months Avas only about $20,500,000. Thus it is manifest that but for the extraordinary inducements offered by the Departnient national-bank circulation would have contracted during the year, notwithstanding the organization of new banks and.the aggregate increase in national-bank capital of about $75,000,000. In fact, national-bank circulation did decrease very nearly $6,000,000 during the fiscal year ending June 30. The efforts of the Department to increase circulation were not resorted to until after that date. Fully $50,000,000 increase could have been secured had the law permitted its rapid retirement Avhen no longer needed. The reason for this tendency toward contraction is apparent. Government bonds are scarce, and those outstanding are held in large part by trust estates, savings banks, and insurance companies, and are not available for circulation. The bonds that are on the market are held at prices Avhich render their use as security for circulation unprofitable Avhenever the rate of interest approximates 6 per cent. The frequent purchase and retirement of bonds renders the amount available for circulation gradually less, Avhile a rapidly growing population, additional banking facilities, and expanding trade suggest the need of an ever-increasing circulation. I therefore believe the time has arrived when it Avill be necessaiy to adopt one of two policies: either the Government debt must be perpetuated as a basis for national-bank circulation, and additional bonds issued as occasion may require, or some other system must be provided. By the act of Congress approved March 14, 1900, the Department is authorized to refund all bonded indebtedness maturing prior to 1925. This discretion would have been exercised as far as possible but for the fact that if present conditions continue the Government Avill be in funds sufficient to discharge this indebtedness at the time it mature^. The question has, therefore, presented itself for solution: Shall the Department, as the agent of the Government, secure additional time upon an ind.ebtedness not yet due, when there is fair prospect that it can be met according to its terms ? There is one other reason why the refunding of this indebtedness is deemed of doubtful expediency. Whenever there is a surplus of public funds in the Treasury, and financial conditions make it advisable that it be released, it becomes necessary to purchase Government bonds. At present there is no other Avay to put accumulated surplus revenues promptly in circulation. The available bonds are not held by banks or by business concerns. So, whenever tbe ^ ^'[x%.., 60 REPORT ON THE FINANCES. Government is a purchaser, the price is promptly advanced. This is not mentioned for the purpose of criticising those Avho may hold bonds as an investment or for speculation, but simply to state an important factor in the equation. Should the bonds falling due in the near future be permitted to mature, they can be extended at a very IOAV rate of interest payable on demand, and the holders thereof can no longer dictate prices to the Government. Had the Department, howcA^er, exercised the discretion AAdth which it is clothed by the act referred to, and offered to refund, it is probable that a portion of the outstanding indebtedness of the GoA^^ernment Avould have been presented and a slight increase in circulation might have folloAved. In AdcAv of these considerations, it has been thought best to defer.action, that the current session of the Congress ma}^ if it shall deem Avise, determine by additional legislation the future policy of the Government. Additional circulation will be necessaiy. Outstanding Government bonds are inadequate to secure it CA^en if their niarket value AA^oiild justify their use by the banks.' It is even doubtful if nationalbank currency based on Governnient bonds can be made advantageous to banks. A loAver tax on circulation Avoiild be counteracted very promptly by a corresponding advance in the price of bonds, and the profit AVoiild accrue to the present bondholder. I see no objection to the issuance of circulation based upon general credits, if properly safeguarded. Neither do I believe it necessaiy to make currency thus issued a first lien upon assets. A very small tax upon circulation Avoiild be sufficient to cover any possible loss. The GoA^ernment Actuaiy has demonstrated that a tax of one-eighth of 1 per cent upon circulation would have covered all loss from the beginning of our national banking system to the present time, had each bank inaintained its limit of circulation. Instead of calling this a tax, suppose it be called "premium on insurance" and the Government the "underwriter." The banks could be required to redeem their circulation at reserve cities, and the Government Avould ^ n ^ ^ e v e r suffer injury or embarrassment as an insurer against ultimate "",, loss. The lowest tax suggested by anyone would far exceed any^ possible loss, and the Government could assume responsibility to the p'eople and still realize a profit. When thus guaranteed and primarily redeemed by the Government at the expense of the bank of issue, currency based on general assets Avould be as acceptable and as secure as the present national-bank notes based on specific assets. I doubt, however, the Avisdom of making provision for the issuance of credit currency to thelimit of the bank's capital. Not that I would fear unfortunate results, but in all financial legislation the greatest caution must be exercised lest the currency be suddenly and unduly SECRETARY OF THE TREASURY. 61 inflated. An elastic currency is well-nigh imperative, but a sudden, unnecessaiy, and permanent increase would be most unfortunate. Authority to issue circulation based on credits would not preclude the continuance of the present national-bank currency. Neither is it necessary that it be designated " c r e d i t currency." If allforms of money were made interchangeable, what some are pleased to call "asset currency," others " c r e d i t currency," and still others "emergency currency," might be denominated "gold reserA'-e currency," for certainly a reserve against this class of currency should be maintained by the bank, and this reserve Avould be very properly gold, should the Go Adornment make all its money interchangeable. Other considerations will naturally suggest themselves, and need not be outlined in this report. I am not prepared at this time to recommend branch banks. Recent events confirm a previous opinion that the peculiar conditions of this countiy would notcbe conserved by such a policy. Greater economy in management may be conceded. It may be conceded also that the system Avorks Avell in some countries, but no other countiy has such diversified and Avidely separated interests as this. In order that the parent bank shall be able to serve widely separated communities, it must first understand the needs of these communities, and neither experience nor observation justifies the conclusion that such intimacy is likely to exist. I think a far be'^ter course, for the present at least, Avould be to provide an elastic currency, available in every bahking community and sufficient for the needs of that locality. This, I think, can be accomplished^either in the way I haA^e intimated or by scA^eral other methods. The Department recommends no one plan to the exclusion of all others. It is the province of the Departnient to point out the Aveak places that the Congress may strengthen them; to suggest possible, if not imminent, dangers, that the Congress may provide against them; but ultimate responsibility does not lie Avith the Department. PUBLIC DEPOSITS. At present the purchase of outstanding Government bonds for the credit of the sinking fund affords the only method of returning surplus public revenues to the channels of trade after they have been once covered into the Treasuiy. The Department is authorized to deposit current internal-revenue and other receipts, except customs, with national banks upon satisfactoiy security, but this method affords very tardy relief in case of monetary stringenc}^ On the other hand, the purchase of bonds iuAdtes a contraction of nationalbank circulation for the purpose of disposing of the bonds pledged for its security at the advanced in-iee which usually prevails when- 62 REPORT ON T H E F I N A N C E S . "ever the Government becomes a purchaser. Thus the object sought to be attained is counteracted. If authority were granted to make deposits without security after special examination and at such rates of interest as the Secretaiy of the Treasury might determine, quite an element of elasticity would be provided whenever a surplus of revenues existed. By advancing or lowering the rate of interest an equilibrium could be maintained throughout the country, and the interest charge would more than cover any loss. But if it should be deemed unwise to permit the loaning of public funds without specific security, it certainly Avould be well to authorize deposits direct from the Treasury, and,* as now, upon satisfactory security. If such authority had existed during the last few months, the something more than $20,000,000 which was paid to'the owners of Government bonds would have been deposited in a large number of reserve cities throughout the country, and the relief afforded would have been equally permanent and more widely appreciated. OTHER RECOMMENDATIONS. I desire to call special attention to the following recommendations, reasons for AA^hich are more fully set forth in the preceding pages: The mint at New Orleans is now being operated at great inconvenience and expense, and it is recommended that it be reduced to an assay office after J u n e 30, 1903. The building now occupied by the Bureau of Engraving and Printing is overcrowded, and additional room is imperative. It is recommended that the rate of taxation on such nation al-bank circulation as may be secured hereafter by bonds issued for the construction of the isthmian canal be reduced to one-half of 1 per cent. This Avill place the proposed issue on a par with consols, and will insure, I think, their negotiation at somewhat above par. Several customs districts can safely be abolished and others consolidated. An annual appropriation for the sinking fund to meet the debt of the District of Columbia is recommended; and it is suggested that authority be granted to purchase outstanding Government bonds with the proceeds of such sinking fund whenever it is impracticable to purchase advantageously the bonds of the District. The several branches and bureaus of the Treasuiy Department are widely separated, and mucli valuable time is wasted in carrying docuinents from one division to another, and in securing necessaiy information, which could be avoided with great saving to the Government by the installation of,a comprehensive pneumatic tube systein, and the same is therefore recommended. The attention of the Congress is called again to the necessity for a SECRETARY OF T H E TREASURY. 63 Hall of Records. The Treasuiy Department is now seriously congested. Many of the corridors are filled with boxes and cumbersome file cases. The Treasury building is poorly ventilated. Especially during the winter months the air in some portions of the building is very unwholesome and much illness among employees results. A modern heating and ventilating system is therefore earnestly recommended. Some suitable penalty for the willful violation of the law relative to the importation of diseased aliens is suggested. The Department finds the so-called " Chinese-exclusion laws " very difficult to enforce, and therefore recommends additional appropriations and the adoption of the Bertillon system for the identification of this class of aliens. The Revenue-Cutter Service asks an appropriation for the construction of at least five UCAV revenue cutters to replace those that have become old and practically worthless. It is believed that the introduction of the decimal or metric system of weights and measures in the Departments of the Government will be not only an advantage to the Departments themselves, but will do much toward bringing about the general adoption of the system by the public. It is recommended that the additional taxes necessarily imposed on Cuban Aressels for a short time after the establishment of the Republic of Cuba be refunded. Special attention is called to the importance of providing liberally for the erection of light-houses and light-ships, and bringing those now in existence to a higher standard. A pension for families of the life-saving crcAv who perished at Monomoy, March .17, 1902, is recommended. The imperative need of increased appropriations for secret-service Avork is also called to your attention. L E S L I E M . SHAAV, Secretary. To the S P E A K E R OF THE H O U S E OF REPRESENTATIVES. TABLES ACCOMPANYING THE REPORT ON THE FINANCES. FI 1902 5 65 TABLE A.—STATEMENT OF THE OUTSTANDING PEINCIPAL OF THE PUBLIC DEBT OP THE UNITED STATES J U N E 30, '1902. Length of loan. OLD DEBT. For detailed information in regard to the earlier loans embraced under this head, see Finance Report for 1876. TREASURY NOTES PRIOR TO 1846. Acts of October 12,1837 (5 Statutes, 201); May 21,1838 (5 Statutes, 228); March 2,1839 (5 Statutes, 323); March 31,1840 (5 Statutes, 370); February 15,1841 (5 Statutes, 411); January 31,1842. (5 Statutes, 469); August 31,1842 (5 Statutes, 581), and March 3, 1843 (5 Statutes, 614). TREASURY NOTES OF 1846. Act of July 22, 1846 (9 Statutes, 39) MEXICAN INDEMNITY. Act of August 10, 1846 (9 Statutes, 94) '... TREASURY NOTES OF 1847. Act of January 28, 1847 (9 Statutes, 118) TREASURY NOTES OF 1857. Act of December 23, 1857 (11 Statutes, 257) •. BOUNTY-LAND SCRIP. Act of February 11, 1847 (9 Statutes, 125) LOAN OF 1847. Act of January 28, 1847 (9 Statutes, 118) TEXAN INDEMNITY STOCK. Act of September 9, 1850 (9 Statutes, 447) LOAN OF 1858. Act of June 14,1858 (11 Statutes, 365) LOAN OF FEBRUARY, 1861 (1881s). Act of February 8, 1861 (12 Statutes, 129) •.... TREASURY NOTES OF 1861. Act of March 2, 1861 (12 Statutes, 178) • OREGON AVAR DEBT. Actof March 2, 1861 (12 Statutes, 198) a Included in old " debt." When redeem- Rate of in- atPrice which able. terest. sold. O n d e m a n d . . . 5 and 6 per cent. 1 and 2 years 1 and 2 years ' ^ of 1 to 6 per cent. from date. Amomit authorized. Amountissued. Amount outstanding. $151,635.26 Indefinite . Par,. $51,000,000.00 $47,002,900.00 (a) o 1 year 1 year from date. ^ of 1 to. 5 | P a r . per cent. 10,000,000.00 7,687,800.00 (a) 5 years 5 years from date. 5 per cent. Par. 320,000.00 303,573.92 (a) 23,000„000.00 626,122,100.00 (a) 1 year date. from W O l a n d 2 years 1 and 2 years 5 | and 6 per cent, from date. 1 year CC 3 to 6 per cent. Par. Par. Indefinite . . At the pleas- 6 per cent... P a r . ure or the Govemment. Jan. 1,1868.... 6 p e r c e n t . . . l i to 2 20 years. per ct. pre. 14 years J a n . l , 1865.... 5 per cent... Par Indefinite 52,778,900.00 Indefinite 233,075.00 23,000,000.00 c28,230,350.00 ( « ) • 950.00 20,000.00 20.000,000.00 20,000,000.00 2,000.00 10 or 20 years Dec. 31,1880... 6 p e r c e n t . . , (Av.)89.03| 25,000,000.00 18,415,000.00 5,000.00 35,364,450.00 60 days or 2 6 p e r c e n t . . . Par to Indefinite Ift^per years after ct. pre. date. 0 1,090,850.00 2,800,000.00 July 1,1881 . . . 6 p e r c e n t . . , Par 20 years & Includingreissues. c Including conversion of Treasury notes. 60 days or 2 years. CD d 5,000,000.00 J a n . l , 1874.... 5 per cent... Av. pre. of 3^^^ W fel H (a) 10,000,000.00 15 years . s 2,450.00 2,400.00 Gi ^ Ci 00 TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OP THE PUBLIC DEBT, ETC.—Continued. Length of loan. When redeemable. Rate of interest. After June 3 1881. 6 per cent... Price atwhich sold. Amount authorized. Amountissued. Amount outstanding. LOAN OF JULY AND AUGUST, 1861. The act of July 17, 1861 (12 Statutes, 259), authorized the issue of $250,000,000 bonds, with interest at not exceeding 7 per centum per annum, redeemable after twenty years. The act of August 5,1861 (12 Statutes, 316), authorized the issue of bonds, with interest at 6 per centum per annum, payable after twenty years from date, in exchange for 7-30 notes issued under the act of July 17, 1861., LOAN OF JULY AND AUGUST, 1861. Continued at 3^ per cent interest, and redeemable at the pleasure of the Government. OLD DEMAND NOTES. Acts of July 17, 1861 (12 Statutes, 259); August 5, 1861 (12 Statutes, 313); February 12, 1862 (12 Statutes, 338). SEVEN-THIRTIES OF 1861. Act of July 17, 1861 (12 Statutes, 259) FIVE-TWENTIES OF 1862. Acts of Februarv 25, 1862 (12 Statutes, 345); March 3, 1864 (13 Statutes, 13), and January 28, 1865 (13 Statutes, 425). LEGAL-TENDER NOTES. The act of February 25, 1862 (12 Statutes, 345), authorized the issue of $150,000,000 United States notes, not bearing interest, payable to bearer at the Treasury of the United States, and of such denominations, not less than five dollars, as the Secretary of the Treasury might deem expedient, $50,000,000 to be applied to the redemption of demand notes authorized by the act of July 17, 1861; these notes to be a legal tender in payment of all debts, public and private, within the United States, except duties on imports and interest on the public debt, and to be exchangeable for 6 per cent United States bonds. The act of July 11, 1862 (12 Statutes, 532), authorized an additional issue of $150,000,000, of such denominations as the Secretary of the Treasury might deem expedient, but no such note should be for a fractional part of a dollar, and not more than $35,000,000 of a lower denomination than five dollars; these notes to be a legal tender as before authorized. The act of March 3, 1863 (12 Statutes, 710), authorized an additional issueof $150,000,000, of such denominations, not less than one dollar, as the Secretary of the Treasury might prescribe; which notes were made a legal tender as before authorized. The same act limited the time in which the 20 years. Indefinite . . At the pleas- 3^ per cent. ure of the Government. Indefinite . Ondemand... 3 years. Aug. 19 and Oct. 1, 1864. $250,000,000.00 $189,321,350.00 Par. $15.050.00 1,600.00 hj O U 60,000,000.00 a 60,030,000.00 53,847.50 o H Indefinite . . 139,999,750.00 9,400.00 W 5 or 20 years. M a y l , 1867... 6 per c e n t . . . Av. pre. 515,000,000.00 514,771,600.00, 215,750.00 3 Indefinite . . Ondemand.., 450,000,000.00 7x% per cent. Av. pre, of TWTT- ofrm. None . Par. 346,681,016.00 Treasury notes might be exchanged for United States bonds to July 1,1863. The amount of notes authorized by this act were to be in lieu of $100,000,000 authorized bv the resolution of January 17, 1863 (12 Statutes, 822). The act of May 31, 1878 (20 Statutes, 87), provides that no more of the United States legal-tender notes shall be canceled or retired, and that when any of said notes are redeemed or received into the Treasury under any law, from any source whatever, and shall belong to the United States, they shall not be retired, canceled, or destroyed, but shall be reissued and paid out again, and kept in circulation. The act of March 14,1900, provides that United States notes, when presented to the Treasury for redemption, shall be redeemed in gold coin of the standard fixed in said act, and that in order to secure the-prompt and certain redemption of such notes it shall be the duty of the Secretary of the Treasury to set apart in the Treasury a reserve fund of one hundred and fifty million dollars in gold coin and bullion, to be used for such redemption purposes only, and that whenever and as often as any of said notes shall be redeemed from said fund it shall be the duty of the Secretary of the Treasury to use said notes so redeemed to restore and maintain the reserve fund .so established—first, by exchanging the notes so redeemed for any gold coin in the general fund of the Treasury; second, by accepting deposits of gold coin at the Treasury or at any subtreasury in exchange for such notes; third, by procuring gold coin by the use of said notes in accordance with the provisions of section 3700 of the Revised Statutes of the United States. The above-mentioned act also provides that if the Secretary of the Treasury is unable to restore and maintain the gold coin in the reserve fund by the foregoing methods, and the amount of such gold coin and bullion in said fund shall at any time fall below one hundred million dollars, it shall be his duty to restore the same to the maximum sum of one hundred and fifty million dollars by borrowing money on the credit of the United States, and for the debt so incurred to issue and sell coupon or registered bonds of the United States bearing interest at the rate of not. exceeding three per centum per annum, payable quarterly, the bonds to be payable at the pleasure of the United States after one year from the date of their issue, and to be payable, principal and interest, in gold coin of the present standard value, the gold coin received from the sale of said bonds to be exchanged for an equal amount of the notes redeemed and held for exchange, and the Secretary of the Treasury may, in his discretion, use said notes in exchange for gold, or to purchase or redeem any bonds of . . the United States, or fer any other lawful purpose the public interests may require, except that they shall not be used to meet deficiencies in the current revenues. TEMPORARY LOAN. Acts of February 25, 1862 (12 Statutes, 346); March 17, 1862 (12 Statutes, 370); July 11,1862 (12 Statutes, 532), and June 30, 1864 (18 Statutes, 218). OQ Q w fa b >=i 1^ W fa OD Kl Indefinite .. After 10 days' notice. a Including reissues. 4, 5, and 6 per cent. Par. 150,000,000.00 a 716,099,247.16 2,850.00 TABLE A.—STATEMENT OP THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued. Length of loan. • When redeem- Rate of in- at Price which able. terest. sold. Amount authorized. Amountissued, o Amount outstanding. CERTIFICATES OF INDEBTEDNESS.. Acts of March 1, 1862 (1? Statutes, 352); May 17, 1862 (12'statutes, 370), and March 3, 1863 (12 Statutes, 710). 1 year after date. 6 per cent. No limit. $561,758,241,65 $8,000.00 Indefinite.. On presentation. None. $50,000,000.00 a868,720,079.51 6,878,323.68 17 years 6 per cent.., Av. pre. lyear.. FRACTIONAL CURRENCY. Acts of July 17, 1862 (12 Statutes, 592); March 3, 1863 (12 Statutes, 711), and June 30,1864 (13 Statutes, 220). tei o LOAN OF 1863. The actof March 3,1863(12 Statutes, 709), authorized a loan of $900,000,000, and the issue of bonds, with interest not exceeding 6 percentum per annum, and redeemable in not less than ten nor more than*forty years, principal and interest payable in coin. The act of June 30,1864 (13 Statutes, 219), repeals the above authority, except as to the $75,000,000 of bonds already advertised for. Bonds of this loan continued at 3i per cent interest, and redeemable at the pleasure of the Government. ONE-YEAR NOTES OF 1863. July 1,1881. Indefinite.. At the pleas- 3^ per cent., P a r . ure of the Government. 1 year date. 2 years 2 years after date. Acts of March 3, 1863 (12 Statutes, 710), and June 30, 1864 (13 Statutes, 218). TEN-FORTIES OF 1864. 8 years 3 years from date. Act of March 3, 1864 (13 Statutes, 13) 10 or 4p years Mar. 1, 1874. 5 per cent.. 5 or 20 years. Nov. 1, 1869. after 5 per cent.. 5 per cent-. 400,000,000.00 166,480,000.00 26,900.00 6 per cent P a r . compound. 400,000,000.00 266,595,440.00 162,610.00 200,000,000.00 196,11,8,300,00 19,850,00 6 per cent... Av. pre, 400,000,000.00 of 2 ^ ^ , 125,561,300.00 15,900.00 Acts of June 30, 1864 (13 Statutes, 218); January 28, 1865 (18 Statutes, 425), and March 3, 1865 (13 Statutes, 468). fAug. 15,1867 8 y e a r s . . . . . . ^June 15,1868 •7^ per cent. Av. pre. 800,000,000.00 0829,992,500.00 Ijuly 15,1868 Of2x6§TT, 121,600.00 Par. w tei 31,215.00 o teJ GQ FIVE-TAVENTIES OF 1864. SEVEN-THIRTIES OF 1864 AND 1865. 100.00 44,520,000.00 COMPOUND-INTEREST NOTES. Act of June 30, 1864 (13 Statutes, 218) 8, IOO. 00 400,000,000.00 TWO-YEAR NOTES OF 1863. Act of March'3, 1863 (12 Statutes, 710) 75,000,000.00 o lyear Act of March 3, 1863 (12 Statutes, 710) 75,000,000.00 Of4xVTTV Par to 7 per ct. prem. FIVE-TWENTIES OF 1865. Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31).. 5or 20 years, Nov. 1,1870.. CONSOLS OF 1865. Acts of March 3,1865 (18 Statutes, 468), and April 12,1866 (14 Statutes, 31).. 5 or 20 years. July 1, 1870.. CONSOLS OF 1867. Acts of March 3,1865X18 Statutes, 468), and April 12,1866 (14 Statutes, 31).. 5or 20 years. July 1, 1872.. CONSOLS OF 1868. Acts of March 8,1865 (18 Statutes, 468), and April 12,1866 (14 Statutes, 81).. 5 or 20 years. July 1,1878.. 6 percent... Av, pre, Indefinite , of3^^. 208,327,250.00 20,850.00 6 per cent.. Av. pre, Indefinite . ofl^^ 332,998,950.00 73,950,00 6 per cent.. Av. pre. Indefinite . . . ofxMu. 379,618,000,00 110,100.00 6 per cent.. Av. pre. Indefinite . . . 42,539,930.00 11,050.00 OQ tei O THREE-PER-CENT CERTIFICATES, Acts of March 2,1867 (14 Statutes, 558), and July 25,1868 (15 Statutes, 183).. Indefinite.. Ondemand.. 3 per cent... P a r . 75,000,000.00 a85,155,000.00 5,000.00 te! FUNDED LOAN OF 1881, The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary of the Treasury to use any surplus revenues from time to time in the Treasury not otherwise appropriated, and to issue, sell, dispose of, at not less than par, in coin, either of the description of bonds of the United States described in the act of July 14, 1870 (16 Statutes, 272), to the extent necessary for the redemption of fractional currency in silver coins of the denominations of ten, twenty-five, and fifty cents of standard value. o The act of March 3, 1875 (18 Statutes, 466), directs the Secretary of the Treasury to issue bonds of the character and description set out in the act of July 14, 1870 (16 Statutes, 272), to James B. Eads, or his legal representatives, in payment at par of the warrants of the Secretary of War for the construction of jetties and auxiliary works to maintain a wide and deep channel between the South Pass of the Mississippi River and the Gulf of Mexico, unless Congress shall have previously provided for the payment of the same by the necessary appropriation of money. The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of $200,000,000 at 5 per centum, principal and interest payable i n coin of the present standard value, at the pleasure of the United States Government, after ten years; these bonds to be exempt from the payment of all taxes or duties of the United States, as well as froni taxation in any form by or under State, municipal, or local authority. Bonds and coupons payable at the Treasury of the United States. This act not to authorize an increase of the bonded debt of the United States, Bonds to be sold at not less than par in coin, and the proceeds to be applied to the redemption of outstanding 5-20's or to be exchanged for said 5-20's, par for par. Payment of these Kl otei H tt fa 1^ fa .\> OQ d 10 years. May 1, 1881... 5 p e r c e n t . . . P a r . a Including reissues. 517,994,150.00 27,950.00 TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued. Length of loan. When redeemable. Rate of interest. Price at which sold. Amount authorized. Amountissued Amount outstanding. FUNDED LOAN OF 1881—Continued. bonds, when due, to be made in order of dates and numbers, beginning with each class last ^ated and numbered. Interest to cease at the end of three months from notice of intention to redeem. The act of January 20, 1871 (16 Statutes, 399), increases the amountof 5 per cents to $500,000,000, provided the total amount of bonds issued shall not exceed the amount originally authorized, and authorizes the interest on any of these bonds to be paid quarterly. The act of December 17, 1873 (18 Statutes, 1), authorized the issue of an equal amount of bonds of the loan of 1858, which the holders thereof may, on or before February 1, 1874, elect to exchange for the bonds of this loan. fa $1,500,000,000 •O u FUNDED LOAN OF 1891, (REFUNDING.) The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of $800,000,000 at 4i per centum, payable in coin of the present standard value, at the pleasure of the United States Government, after fifteen years; these bonds to be exempt from the payment of all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority. Bonds and coupons payable at the Treasury of the United States. This act not to authorize an increase of the bonded debt of the United States. Bonds to be sold at not less than par in coin, and the proceeds to be applied to the redemption of outstanding 5-20's or to be exchanged for said 5-20's, par for par. Payment of these bonds, when due, to be m a d e in order of dates and numbers, beginning with each class last dated and numbered. Interest to cease at the end of three months from notice of intention to redeem, FUNDED LOAN OF 1891. Sept. 1,1891.. $185,000,000,00 4^ percent tzl W fa $64,150.00 fa OQ (RESUMPTION,) The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary of the Treasury to use any surplus revenues from time to time in the Treasury not otherwise appropriated, and to issue, sell, dispose of, at not less than par in coin, either of the descriptions of bonds of the United States described in the act of July 14, 1870 (16 Statutes, 272), for the purpose of redeeming, on and after January 1,1879, in coin, a t t h e office of the assistant treasurer of the United States in New York, the outstanding United States legal-tender notes when presented in sums of not less than fifty dollars. o 15 years. 15 years. Sept. 1,1891... 4^ per cent.. P a r t o 1^ per ct.pre. Indefinite ... 65,000,000,00 FUNDED LOAN OF 1907. (REFUNDING.) The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of $1,000,000,000 at 4 per centum, payable in coin of lhe present standard value, at the pleasure of the United States Government, after thirty years; these bonds to be exempt from the payment of all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority. Bonds and coupons payable at tbe Treasury of the UnitedStates. This act not to authorize an increase of the bonded debt of the United States. Bonds to be sold a t n o t less than par in coin, and the proceeds to be applied to the redemption of outstanding 5-20's, or to be exchanged for said 5-20's, par for par. Payment of these bonds, when due, to be made in order of dates and numbers, beginning with each class last dated and numbered. Interest to cease at the end of three months from notice of intention to redeem. See Refunding Certificates, page 75. 30 years. July 1,1907.. 4 per cent. P a r to i pe r ct. pre. 710,417,500.00 233,177,400.00 OD fa o fa FUNDED LOAN OF 1907. (RESUMPTION,) . The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary of the Treasury to use any surplus revenues from time to time in the Treasury not otherwise appropriated, and to issue, sell, dispose of, at not less than par, in coin, either of the description of bonds of the United States described in the act of July 14,1870 (16 Statutes, 272), for the purposeof redeeming, on and after January 1, 1879, in coin, at the office of the assistant treasurer of theUnited States in New York, the outstan'ding United States legal-tender notes when presented in sums of not less than fifty dollars, 30 years. July 1,1907 . . 4 per cent .. Indefinite . > L 30,500,000,00 O tei W .fa GOLD CERTIFICATES, The act of March 8,1868 (12 Statutes, 711), authorizes the Secretary of Indefinite .. On demand , the Treasury to receive deposits of gold coin and bullion in sums of not less than twenty dollars, and to issue certificates therefor in denominations of hot less than twenty dollars each; the coin and bullion deposited for or representing the certificates to be retained in the Treasury for the payment of the same on demand. The certificates so issued tobe received at par in payment of interest on the public debt and for duties on imports. The act of July 12, 1882 (22 Statutes, 165), provides that the Secretary of the Treasury shall suspend the issue of gold certificates whenever the amount of gold coin and gold bullion in the Treasury reserved for the redemption of United States notes falls below one hundred millions of dollars. None . Par. Indefiinite , 846,582,089.00 fa > OD d Kl TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.-^Continued. Length of loan. When redeem- Rate of inable. terest. Price at which sold. Amount authorized. Amount issued, Amount outstanding. GOLD CERTIFICATES—Continued. The act of March 14,1900, authorizes and directs the Secretary of the Treasury to receive deposits of gold coin with the Treasurer or any assistant treasurer of the United States, in sums of not less than twenty dollars, and to issue gold certificates therefor in denominations of not less than twenty dollars, and the coin so deposited shall be retained in the Treasury and held for the' payment of such certificates on demand, and used for no other purpose; such certificates to be received for customs, taxes, and all public dues, and when so received may be reissued; and when held by any national banking association may be counted as a part of its lawful reserve. The act also provides that whenever and so long as the gold coin held in th'e reserve fund in the Treasury for the redemption of United States notes and Treasury notes shall fall and remain below one hundred million dollars, the authority to issue certificates as herein provided shall be suspended; and also, that whenever and so long as the aggregate amount of United States notes and silver certificates in the general .fund of the Treasury shall exceed sixty million dollars, the Secretary of the Treasury may, in his discretion, suspend the issue ofthe certificates herein provided for; and further, that theSecretary of the Treasury may, in his-discretion, issue such certificates in denominations of ten thousand dollars, payable to order, fa hj O n o w fa SILVER CERTIFICATES. The act of February 28, 1878 (20 Statutes, 26, sec. 3), provides that any Indefinite . holder of the coin authorized by this act may deposit the same with the Treasurer or any assistant treasurer of the United States in sums not less than ten dollars and receive therefor certificates of not less • than ten dollars each, corresponding with the denominations of the United States notes. The coin deposited for or representing the certificates shall be retained in the Treasury for the payment of the same on demand. Said certificates shall be receivable for customs, taxes, and all public dues, and, when so received, may be reissued. The actof August 4, 1886 (24 Statutes, 227), authorizes the issue of silver certificates in denominations of one, two, and five dollars; said certificates to be receivable, redeemable, and payable in like manner and for like purposes as is provided for by the actof February 28, 1878. Ondemand. None . No limit. $453,997,000.00 o fa OQ The act of March 14, 1900, provides that it shall be the duty of the Secretary of the Treasury, as fast as silver dollars are coined under the provisions of the acts of July 14, 1890, and June 13, 1898, from bullion purchased under the act of July 14,1890, to retire and cancel an equal amount of Treasury notes whenever received into the . Treasury, and upon the cancellation .of Treasury notes, silver certificates shall be issued against the silver dollars so coined. The act also provides that silver certificates shall be issued only of denominations of ten dollars and under, except that not exceeding i n the aggregate ten per centum of the total volume of said certificates, in the discretion of the Secretary of the Treasury, may be issued in denominations of twenty dollars, fifty dollars, and one hundred dollars; and silver • certificates oi higher denomination than ten dollars, except as therein provided, shall, whenever received at the Treasury or redeemed, be retired and canceled, and certificates of denominations of ten dollars or less shall, be substituted therefor, and after such substitution, in whole or in part, a like volume of United States notes of less denomination t h a n ten dollars shall from time to time be retire'd and canceled, and notes of denominations of ten dollars and upward shall be reissued in substitution therefor, with like qualities and restrictions as those retired and canceled, REFUNDING CERTIFICATES, The act of February 26,1879 (20 Statutes, 321), authorizes the Secretary of the Treasury to issue, in exchange for lawful money of the United States, certificates of deposit of the denomination of ten dollars, bearing interest at the rate of four per centum per annum, and convertible at any time, with accrued interest, into the four per centum bonds described in the refunding act, the money so received to be applied only to the payment of the bonds bearing interest at a rate not less than five per centum, in the mode prescribed by said act. FUNDED LOAN OF 1881, CONTINUED AT THREE AND ONEHALF PER CENT. These bonds were issued in exchange for five per cent bonds of the funded loan of 1881, by mutual agreement between the Secretary of the Treasury and the holders, and were made redeemable at the pleasure pf the Government. FUNDED LOAN OF 1891, CONTINUED AT TWO PER CENT. These bonds were issued in exchange for the four and one-half per cent funded loan of 1891, by mutual agreement between the Secretary of the Treasury and the holders, and were made redeemable at the pleasure of the Government. LOAN OF JULY 12, 1882, These bonds were issued in exchange for the five and six per cent bonds which had been previously continued at three and one-half per cent by mutual agreement between the Secretary of the Treasury and the holders, and were made redeemable at the pleasure of the Government. OD fa o fed fa Indefinite .. Convertiblein- 4 per cent.. to 4 per cent bonds. Par No limit 40,012,750,00. 31,980.00 • o fa ^^ W fa fa Indefinite . At pleasure of the Government. 3i per cent . Par 550.00 oo d s Kl • Par Indefinite ., At pleasure of the Government. 2 per cent.. Indefinite .. At pleasure of the Govemment. 3 per cent. . Par • 25,364,500.00 153,700.00 200.00 OT TABLE A.—STATEMENT OF T H E OUTSTANDING PRINCIPAL O F T H E PUBLIC DEBT, Length of loan. LOAN OF 1904, The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary of the Treasury to use any surplus revenues from time to time in the Treasury not otherwise appropriated, and to issue, sell, dispose of at not less than par, in coin, either of the descriptions of bonds of the United States described in the act of July 14, 1870 (16 Statutes, 272), for the purpose of redeeming, on and after January 1, 1879, in coin, at the office of the assistant treasurer of the United States in New York, the outstanding United States legal-tender notes when presented in sums of not less than fifty dollars. 10 yiears. When redeem- Rate of in- at Price which terest. able. sold. Feb. 1,1904. 05 ETC.—Continued. Amount authorized. 5 p e r c e n t . . . tr 117.228 117.077 Amount issued. Amount outstanding. $100,000,000.00 $19,410,850.00 fa O n LOAN OF 1925. T h e a c t of January 14, 1875 (18 Statutes, 296), authorizes the Secretary of the Treasury to use any surplus revenues from time to time in the Treasury not otherwise appropriated, and to issue, sell, dispose of at not less than par, in coin, either of the descriptions of bonds of the United States described in the act of July 14, 1870 (16 Statutes, 272), for the purpose of redeeming, on and after January 1, 1879, in coin, at the office of the assistant treasurer of the United States in New York, the outstanding United States legal-tender notes, when presented in sums of not less than fifty dollars. 80 years . LOAN OF 1908-;1918. The act ol June 18, 1898 (80 Statutes, 467, sec, 33), authorizes the Sec- 10 years retary of the Treasury to borrow on the credit of the United States, from time to time, as the proceeds may be required, to defray expenditures authorized on account of the war with Spain (such proceeds when received to be used only for the purpose of meeting such expenditures), the sum of four hundred million dollars, or so much thereof as may be necessary, and to prepare and issue therefor coupon or registered bonds of the United States in such form as he may prescribe, and in denominations of twenty dollars or some multiple of that sum, redeemable in coin at the pleasure of the United States after ten years from the date of their issue, and payable twenty years from such date, and bearing interest payable quarterly, in coin, at the rate of three per centum per annum; the bonds so issued to be exempt from all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority.- fl04.4946 Feb.1,1925.... 4 per cent.. till.166 162,815,400, 00 184,994,200.00 o w fa After Aug. 1, 8 per cent.., 1908. $400,000,000.00 198, 792,640,00 97,515,660.00 a fa OD CONSOLS OF 1930. The actof March 14,1900, section 11, authorizes the Secretary of the Treasury to receive at the Treasury any of the outstanding bonds of the United States of the five per cent loan of 1904, of the four per cent funded loan of 1907, and of the three per cent loan of 1908-1918, and to issue in exchange therefor an equal amount of coupon or registered bonds of the United States, in such form as he may prescribe, in denoruinations of fifty dollars, or any^ multiple thereof, bearing interest a t t h e rate of two per centum per annum, pay^able quarterly, such bonds to be payable at the pleasure .of the United States after thirty^ years from the date of their issue. The principal and interest of said bonds to be payable in gold coin of the present standard value, and to be exempt from the payment of all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority. The bonds to be issued at not less t h a n par and numbered consecutively in the order of their issue; and when payment is made the last numbers issued shall be first paid, and this order followed until all the bonds are paid. Interest to cease three months after any call made by the Government to redeem. 30 years After Apr. 1, 1930. 2 per c e n t . . . Par 839,146,340.00 307,125,350.00 445,940,750.00 fa O W fa > Kl TREASURY NOTES OF 1890. The act of July 14,1890 (26 Statutes, 289), "directs the Secretary of the Treasury to purchase, from time to time, silver bullion to the aggregate amount of four million five hundred thousand ounces, or so much thereof as may be offered, in each month, at the market price thereof, not exceeding one dollar for three hundred and seventy-one and twenty-five hundredths grains of pure silver, and to issue in payment for such purchases of silver bullion Treasury notes of the United States; to be prepared b y t h e Secretary of the Treasury, in such form *nd of such denominations, not less than one dollar nor more than one thousand dollars, as he may prescribe. That said notes shall be redeemable on demand, in coin, at the Treasury of the United States, or at the office of any assistant treasurer of the United States, and when so redeemed may be reissued; but no greater or less amount of such notes shall be outstanding at any time than the cost of the silver bullion and the standard silver dollars coined therefrom then held in the Treasury, purchased by such notes; and such Treasury notes shall be a legal tender in payonent of all debts, public and private, except where otherwise expressly stipulated in the contract, and shall be receivable for customs, taxes, and all public dues, and when so received may be reissued; and such notes, when held by any national banking association, may be counted as a part of its lawful reserve. That upon demand of the holder of any of the Treasury notes provided for, the Secretary of the Treasury shall redeem the same in gold or silver coin, at his discretion, it being the established policy of the United States to maintain the two metals on a parity - with each other upon the present legal ratio, or such ratio as may be provided by law. 30,000,000.00 b fa W fa fa > 00 d, . Kl TABLE A,—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued. Length of loan. When redeemable. Rate of interest. Price at which ' sold. Amount authorized. Amountissued. 00 Amount outstanding. TREASURY. NOTES OF 1890—Continued. The act of November 1, 1893 (28 Stat., 4), repeals so much of the act of July fourteenth, eighteen hundred and ninety, as directs the Secretary of the Treasury to purchase from time to tkae silver bullion to the aggregate amount of four million five hundred thousand ounces, or so much thereof as may^ be offered in each month, at the market price thereof, and to issue in payment for such purchases Treasury notes of the United States, The act of June 18, 1898 (30 Stat,, 467), directs that all of the silver bullion in the Treasury purchased in accordance with the provisions of the act of July 14, 1890, shall be coined into standard silver dollars as rapidly as the one-half millions of dollars in each month, and thatsaid dollars, when public interests may require, to an amount of not less than one and so coined, shall be used and applied in the manner and for the purposes named in said act. The act of March 14, 1900, provides that United States notes, and Treasury notes issued u n d e r t h e act of July 14, 1890, when presented to the Treasury for redemption, shall be redeemed in gold coin of the standard fixed by said act, and requires that the Secretary of the Treasury shall set apart in the Treasnry a reserve fund of one hundred and fifty million dollars to be used for such redemption purposes only. It also provides that it shall be the duty of the Secretary of the Treasury, as fast as silver dollars are coined under, the provisions of the acts of July 14, 1890, and June 13, 1898, from bullion purchased under the act of July 14, 1890, to retire and cancel an equal amount of Treasury notes whenever received into theTreasury, and upon such cancellation to issue silver certificates against the silver dollars so coined. Ed fa o n o W fa fa M ^ a fa QO NATIONAL-BANK NOTES (REDEMPTION ACCOUNT). The act of July 14, 1890 (26 Stat., 289), provides that balances standing with the Treasurer of the United States to the respective credits of national banks for deposits made to redeem the circulating notes of such banks, and all deposits thereafter received for like purpose, shall be covered into the Treasury as a miscellaneous receipt, and the Treasurer of the United States shall redeem from-the general cash in the Treasury the circulating notes of said banks which may come into his possession subject to redemption, * * * a n d t h e balance remaining of the deposits so covered shall, at the close of each month, be reported on the monthly public debt statement as debt of the United States bearing no interest. $42,071,969.50 2,158,610,445.8 79 SBCEETABT OF THE TREASUKY. TABLE B.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT OF THE U N I T E D STATES ON THE 1ST OF JANUARY OF EACH "YEAR FROM 1791 TO 1843, INCLUSIVE, AND ON THE IST OF - JuLY OP EACH Y E A R PROM 1843 TO 1902, INCLUSIVE. Amount. Year. Jan. 1,1791 1792 . 1793 1794 1795 1796 1797 . . . 1798 1799 1800 1801 1802 1803 1804 : 1805 1806 1807 1808 1809 1810 . . 1811 1812 . . 1813 1814 1815 1816 1817 1818 . 1819 1820 1821 1822 1823 1824 1825 . . .. 1826 1827 . . . 1828 1829 1830 I83I 1832 1833 . 1834 1835 . . 1836 1887 . . 1838 1889 1840 1841 1842 . . 1848 Year. $75,468,476,52 Julv 1,1843 1844 77,227,924,66 80,358,634.04 1845 78,427,404,77 . . 1846 .".80,747,587.39 1847. 83,762,172.07 1848.82,064,479,38 1849 79,228,529.12 1850 78,408,669.77 1851 82,976,294,85 1852 83,038,050,80 1853..:.' 1854 80,712,632.25 77,054,686.40 1855 86,427,120.88 1856 82,312,150.50 1857 75,723, 270,66 1858 ... 1859 69,218,398.04 1 I860 65,196,317.97 :.. 1861 57,028,192,09 1862 53,173,217,52 1868 48,005,587.76 1864 45,209,737,90 1865 55,962,827.57 1866 81,487,846,24 1867 99,833,660.15 1868 127,334,933.74 1869 123,491,965,16 1 1870 103,466,633,83 1871 95,529,648.28 1872 ... 91,015,566.15 1878 89,987,427.66 1874 . 93,546,676,98 1875 90,875,877.28 1876 . 90,269,777.77 1877 83,788,432,71 1878 81,054,059.99 1879 78,987,857,20 1880 67,475,043,87 1881 58,421,413,67 1882 48,565,406,50 1883 39,123,191.68 1884 24,322, 235,18 1885 7,001,698,88 1886 4,760,082,08 1887 33,733.05 1888 87,513.05 1889 836,957,83 1890 -• 3,308,124.07 1891 10,484,221.14 1892.. 8,578,843.82 1893 5,250,875,54 1894 13,594,480.73 1895 20,201,226,27 1896 1897 1898 1899 1900 1901 1902 . . Amount. $32,742,922.00 23,461,652.50 15,925,303.01 15,550,202.97 38,826; 534,77 47,044,862,23 : 68,061,858.69 68,452,773.55 68,304,796.02 66,199,341.71 59,803,117,70 42,242,222,42 35,586,956.56 31,982,537.90 28,699,831,85 44,911,88L03 58,496,837.88 64,842,287.88 90,580,873.72 524,176,412.18 1,119,772,138.63 1,815,784,370.57 2,680,647,869,74 2,773,236,178.69 : 2,678,126,108.87 2,611,687,851.19 2,588,452,213.94 2,480,672,427.81 '. 2,353,211,332,82 2,258,251,328,78 a 2,234,482,993,20 a2,251,690,468,43 a2,232,284,581,95 a 2,180,395,067.15 : a2,205,301,392,10 a2,256,205,892,53 a 2,849,567,482.04 a2,120,415,870.63 ... .a2,069,018,569.58 cil, 918,312,994.03 al, 884,171,728,07 a 1,830,528,923,57 & 1,876,424,275,14 & 1,756,445,205.78 & 1,688,229,591.63 & 1,705,992,320.58 & 1,640,673,840,28 & 1,585,821,048.73 & 1,560,472,784,61 b l 628 840 151 63 &1,598, 111, 156.13 & 1,668 757 127 68 & 1,698,676,661.25 & 1,778,434,491.40 & 1,811,435,708,90 :... & 1,798,066,921.90 & 1,984,766,107.92 &2 101,445,225,67 : & 2,094,481,966.89 . .. c2,111,654,973.89 . a I n the amount here stated as the outstanding principal of the public debt are included the certificates of deposit outstanding on the 30th of June, issued under act of June 8,1872, for which a like amount in United States notes was on special deposit in the Treasury for their redemption and added to the cash balance in the Treasury. These certificates, as a matter of accounts, are treated as a part of the public debt, but being offset by notes held on deposit for their redemption, should properly be deducted from the principal of the public debt in making comparison with former years. b Exclusive of gold, silver, currency certificates, and Treasury notes of 1890 held in the Treasurer's cash, and including bonds issued to the several Pacific railroads not yet redeemed. c Exclusive of gold and silver certificates and Treasury notes of 1890 held in the Treasurer's cash. TABLE C . — A N A L Y S I S OF THE PRINCIPAL OP THE PUBLIC D E B T OP THE U N I T E D STATES FROM JULY 1, 1856, Year. 2 percents. 1856—Julyl 1857 1858 1859 I860 1861 ... . 1862 1868. .--.. 1864 1865 1865—August 31 1866—Julyl 1867. ... 1868. 1869 1870 1871 1872 . ' 1873 1874 1875 1876..... 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891. 1892 1893.. 1894 3 percents. $64,000,000.00 66.125,000.00 59, 550,000. 00 45,885,000. 00 24,665,000. 00 14,000,000.00 14,000,000.00 14,000,000.00 14,000, 000.00 14,000,000.00 14,000,000.00 14,000, 000.00 14,000,000.00 14,000,000.00 14,000, 000.00 318,204, 350,00 238,612,150.00 208,190,500,00 158,046.600,00 33,716,500.00 14,000,000.00 14,000,000,00 14,000,000.00 3i p e r c e n t s . U percents. 4 percents. $57,926,116.57 105,629, 385. 30 77,547, 696.07 90,496,980.74 618,127.98 121,341,879.62 17,737,025. 68 801,861.23 .0 - 678,000.00 678,000.00 678,000.00 678,000.00 678,000.00 $460,461,050,00 32,082,600.00 98,850,000,00 741,522,000.00 739,347,800.00 739,347,800.00 739,349,350.00 737,942,200,00 737,951,700.00 737,960,450.00 737,967,500,00 787,975,850.00 714,315,450.00 676,214,990,00 602,297,360,00 559,659,920.00 559,664,830.00 559,672,600.00 559,677,390.00 $140,000,000.00 240,000,000.00 250,000,000.00 250,000,000,00 250,000,000,00 250,000,000.00 250,000,000,00 250,000,000.00 250,000,000.00 250,000,000,00 250,000,000.00 222,207,050.00 189,639, 000,00 109,015, 750,00 50,869,200,00 a 25,364, 500.00 a 25,364,500,00 a 25,364,500.00 5 percents. 6 percents. $8,632,000,00 3,498,000.00 23,588,000,00 37,127,800,00 43,476,300,00 33,022,200,00 80,488,000,00 30,483,000.00 300.218.480.00 245,709,420.63 269,175,727.65 201,982,665.01 198.533.435.01 221,586,185.01 221,588,300.00 221,588,800,00 274,236,450.00 414,567,800.00 414,567,300.00 510,628,050.00 607,132,750.00 711,685,800.00 703,266,650.00 703,266,650,00 508,440,350.00 484,864,900,00 489,841,850,00 $28,180,761,77 24,971,958,93 21,162,838.11 21,162, 938,11 21,164,538.11 57,358,678.95 154,313,225,01 431,444,818.83 842,882,652.09 1,213,495,169,90 1,281,786,439.33 1,195,546,041.02 1,543,452,080,02 1,878,808,984,50 1,874, 347,222.39 1,765,817,422.39 1,613,897,800.00 1,374,883,800.00 1,281,238,650.00 1,218,624,700.00 1,100,865,550:00 984,999,650.00 854,621,850.00 738,619,000.00 283,681,350.00 235,780,400.00 196,378,600,00 TO J U L Y 1, 7^^ p e r c e n t s . $122,582,485.34 139,974,485.34 189,286,985,34 671,610, 397,02 880,000,000,00 813,460,62L95 488,344,846,95 87,897,196.95 " • 50,666,666.66 1902. 00 O ^ o t a l interestbearing debt,. $31,762,761.77 28,460,958.98 44,700,838.11 58,290.738.11 64,640,888.11 90,380,873.95 365,804,826.92 707,581,634.47 1,859,980,763,50 1,221,811,918,29 2,381,580,294,96 2,332,331,207,60 2,248,067,387,66 2,202,088,727,69 2,162,060,522.39 2,046,455, 722.39 1,934,696,750.00 1,814,794,100,00 1,710,483,950,00 1,788,930,750,00 1,722,676,300.00 1,710,685,450,00 1,711,888,500,00 1,794,735,650,00 1 797,643, 700,00 1,728,993,100.00 1,639,567, 750.00 1,463,810,400,00 1,338,229,150,00 1,226,568,850.00 1,196,150, 950,00 1,146,014,100.00 1,021,692,850.00 950,522,500.00 829,853, 990,00 725,318,110,00 610,529,120.00 585,029, 830,00 585,037 100.00 635,041,890,00 fa o o izl 1^ W fa fa M i^ a fa 00 1895. 1896. 1897. 1898. 1899. fa 1900. •-• 1901. M 1902. $807,125,350,00 445,940,750,00 445,940,750,00 198,678,720,00 128,843,240,00 99,621,420,00 97,515,660,00 500,887, 560,00 721,999; 390.00 722,000;630.00 722,002, 970,00 722,005;530,00 517,879,220.00 419,724,770,00 368,208,580,00 a 25,364,500,00 a 25,364,500,00 a 25,364,500.00 a 25,864,500.00 a 25,364,500.00 a 21,979,850.00 100,000,000.00 100,000,000,00 100,000,000,00 100,000,000.00 100,000,000.00 47,651,200.00 21,854,ioo,00 1% 410,350.00 a Continued at 2 per cent. 00 fa Q fed fa H fed H O fa H W fa fed fa > OD d s 00 oo TABLE C.—ANALYSIS OF THE PRINCIPAL OF THE PUBLIC DEBT OF THE UNITED STATES, ETC.—Continued. Debt on which interest has ceased. 1856—Julyl...1857 :... 1858 1859.. 1860 1861 1862 1863 1864 1865 186&—August 31 1866—July 1 . . . 1867 1868 1869 :.... 1870 •:. 1871 1872 1873 1874....... 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893..... Debt bearing no Outstanding prin- Cash in the Treas- Total debt less cash Annual interest charge. in Treasury. cipal. ury July 1, interest. 776.13 238',872.92 211, 042.92 206, 099.77 201, 449,77 199, 999.77 280, 195.21 $158, 591,390.00 478, 048.16 411,' '767,456.00 416, 335.86 455, 437,271.21 245, 771.20 458, 090,180,25 503, 020,09 461, 616.311.51 985, 092.05 439, 969,874.04 840, 615.01 428, 218,101.20 197, 340.89 408, 401,782.61 260, 181.00 421, 131,510.55 708, 641.00 430, 508,064.42 948, 902.26 416, 565,680,06 926, 797,26 430, 530.431.52 929, 710.26 472, 069,332,94 216, 590.26 509, 543,128.17 425, 820.26 498, 182,411, 69 902, 420.26 465, 807,196,89 648, 860.26 476, 764,081,84 594, 560,26 . 455, 875,682,27 015, 630.26 410, 835,741,78 621, 455,26 388, 800,815,37 723, 865.26 422, 721,954.32 260, 805,26 438, 241,788. 77 881, 415,26 538, 111,162.81 656, 205,26. 584, 308.868.81 100, 995.26 668, 712,927.88 704, 445,26 619, 344,468. 52 115, 165.26 629, 795,077.87 496, 095.26 789, 840.389.82 911, 485,26 787, 287,446.97 815, 805,26 825, 011,289,47 614, 705,26 988, 785, 875.26 1,000,852,766.35" 648,989.87 094, 060.26 958, 854,525.87' $81; 972,537.90 28, 699,831,85 44, 911.881.03 58, 496,837,88 64, 842,287,88 90, 580,873,72 524, 176.412.18 1,119,772,188,63 1,815,784.370.57 2,680,647,869.74 2,844,649.626.56 2,773,286,173.69 2,678,126,103.87 2,611,687.851.19 2,588,452,218.94 2,480,672,427.81 2,358.211,382.82 2,258,251,328,78 2,284,482.998.20 2,251,690,468.43 2,232,284,531.95 2,180,895,067.15 2.205,301,892.10 2,256,205,892.53 2,245,495.072.04 2,120;415,870.63 2,069,013.569.58 1,918; 812,994,03 1,884,171,728.07 1,830,528.923.57 1,863,964,873.14 1,775,063,013.78 1,657,602,592.63 1,692,858.984.58 1,619,052,922.23 1,552 140,204.78 1,545! 996,591.61 1,588,464,144.63 1,545,985,686.13 $21,006, 584,89 18,701, 210,09 7,011, 689,31 5,091, 608.69 4,877, 885.87 2,862, 212.92 18,863, 859,96 8,421, 401.22 106,332, 093,53 5,832, 012,98 88,218, 055,13 137,200, 009.85 169,974, 892.18 130,834, 437.96 155,680! 840,85 149,502; 471.60 106,217, 268.65 103,470 798.48 129,020; 932.45 147,541, 314.74 142,243, 861.82 119,469, 726.70 186,025, 960.78 256,828, 612.08 249,080, 167,01 201,088, 622.88 249,863, 415.35 243,289, 519.78 345,389, 902.92 891,985, 928,18 488,612, 429.23 492,917, 173.34 482,433, 917.21 629,854, 089.85 643,118, 172.01 661,855, 834.20 694,088, 839.83 746,987, 681,08 707,016, 210.38 $10,965, 953.01 9,998, 621,76 37,900, 191.72 53,405, 234.19 59,964, 402.01 87,718, 660,80 505,812, 752,17 1,111,350, 737,41 1,709,452, 277.04 2,674,815, 856,76 2,756,431, 571,48 2,636,036, 168,84 2,508,151, 211,69 2,480,858, 418.28 2,482,771, 873,09 2,881,169, 956.21 2,246,994, 068,67 2,149,780, 530,35 2,105,462, 060,75 2,104,149, 153.69 2,090,041, 170,13 2,060,925, 840.45 2,019,275, 431.37 1,999,882, 280,45 1,996,414, 905.03 1,919,826, 747.75 1,819,650, 154.28 1,675,023, 474.25 1,538,781, 825.15 1,438,542, 995.39 1,375,352, 443.91 1,282,145, 840.44 1,175,168, 675.42 1,063,004, 894.73 975,989, 750.22 890,784, 370,53 851,912, 751.78 841,526, 468.60 475.75 $1,869,445, 1,672,767. 2,446,670. 3,126,166, 3,443,687, 5,092,680, 22,048,509, 41,854,148, 78,853,487, 137,742,617, 150,977,697. 146,068,196, 138,892,451. 128,459,598, 125,528,998. 118,784,960, 111,949,830. 103,988,468, 98,049,804, 98,796^004, .96,855,690, 96,104,269, 98,160,643. 94,654,472, 88,773,778, 79,688,981. 75,018,695. 57,360,110, 51,436,709. 47,926,432, 47,014,133, 45,510,098, 41,780,529, 38,991,985, 33,752,854, 29,417,603. 28,615, 735. 22,898,883. 22,894,194, fed fa fa o n o w fa o fa QO 1891 1895 1896 1897 1898 1899 1900 .1901 1902 1,851 240,26 1,721, 590.26 1,686 890,26 1,846 880.26 1,262; 680,26 1,218, 300.26 ' 1,176, 320.26 1,415, 620,26 1,280, 860,26 995, 360,506,42 958, 197,332,99 920, 839,543,14 968, 960,655.64 947, 901,845.64 944, 660,256. 66 1,112,805,911.41 1,154,770,278.63 1,226,259,245.63 1,682, 253,636.68 1,676,120,983.25 1,769,840,328.40 1,817,672,665.90 1,796,531,995.90 1,991,927,306,92 2,136,961,091,67 2,143,326,983,89 2,158,610,445.89 732, 940,256.13 774, 448,016,51 814, 543,069,70 881, 016,579,76 769, 446,503.76 836, 607,071.73 1,029,249,883.78 1,098,587,818.92 1,189,153,204.85 899,313,380.55 ' 901,672,966.74 955,297,258.70 986,656,086.14 1,027,085,492.14 1,155,820,235.19 1,107,711,257.89 1,044,739,119.97 969,457,241.04 25,394, 385.60 29,140, 792.40 84,887 265.60 34,387 315.20 34,387, 408.80 40,347, 872.80 33,545; 180.00 29,789, 158.40 27, 542, 945.50 NOTE 1.—Annual interest charge computed on amount of outstanding principal at close of fiscal year and is exclusive of interest charge on Pacific Railway bonds. . NOTE 2.—The figures for July 1,1879,.were made up assuming pending funding operations to have been completed. • '-••• v " NOTE 3,—The temporary loan per act of July 11, 1862, is included in the 4 per cents from 1862 to 1868, inclusive, with the .exception of the amount outstanding August 31,1865, this being the date at which the public debt reached its highest point. This loan bore interest from 4 per cent to 6 per cent, and was redeemable on ten days' notice after thirty days, but being constantly changing, it has been considered more equitable to include the whole amount outstanding as bearing 4 per cent interest bn an average for the year. 00 fa Q. fed fa Kl o fa w fa H fed fa > • OD d fed K! 00 CO ^84 REPORT ON T H E FINANCES. TABLE D.—STATEMENT OF THE ISSUE AND REDEMPTION OF^ LOANS AND TREASURY NOTES (BY WARRANTS) FOR THE FISCAL Y E A R ENDED J U N E 30, 1902. Issues. O r e g o n w a r d e b t , a c t o f Mar, 2,1861.. F i v e - t w e n t i e s of 1862, a c t of F e b , 25, 1862 L e g a l - t e n d e r n o t e s , a c t s of F e b , 25 a n d J u l y 11,186°2, J a n . 7 a n d M a r . 3, 1863, a n d M a r . 14,1900 $101,520,000.00 F r a c t i o n a l c u r r e n c y , a c t s of J u l y 17, 1862, Mar, 3, 1863, a n d J u n e 80,1864.. G o l d certificates, a c t s of M a r . 3,1863, J u l y 12,1882; a n d M a r . 14,1900 129,880,000.00 L o a n of 1868, a c t of M a r . 3,1863 O n e - y e a r n o t e s of 1868, a c t of M a r . 8, 1863 T w o - y e a r n o t e s of 1863, a c t of M a r . 3, 1868. C o r a p o u n d - i n t e r e s t n o t e s , a c t s of M a r . 8,1863, a n d J u n e 80,1864 S e v e n - t h i r t i e s of 1864 a n d 1865, a c t s of J u n e 30,1864, a n d Mar. 3,1865 Consols of 1867, a c t of M a r . 8,1865 Silver certificates, a c t s of F e b . 28,1878, a n d M a r . 14,1900 235,508,000.00 R e f u n d i n g certificates, a c t of F e b . 26, 1879 F u n d e d l o a n of 1881, a c t s of J u l y 14, 1870, J a n . 20,1871, a n d J a n , 14,1875... R e d e m p t i o n of n a t i o n a l - b a n k n o t e s , a c t J u l y 14,1890 • . . . : . . . 32,735,434,50 T r e a s u r y n o t e s of 1890, a c t s of J u l y 14, 1890, a n d Mar, 14,1900 :... F u n d e d l o a n of 1891, a c t s J u l y 14,1870, J a n , 21,1871, a n d J a n . 14,1875 F u n d e d l o a n of 1891, a c t s J u l y 14,1870, J a n . 21,1871, a n d J a n . 14, 1875, continued at 2 per cent L o a n of 1904, a c t s of J a n . 14,1875, a n d Mar, 1 4 , 1 9 0 0 . . . F u n d e d l o a n of 1907, a c t s J u l y 14,1870, • a 2,350.00 J a n . 20,1871, J a n . 14,1875, a n d M a r . 14,1900 L o a n of 1908-1918, a c t s of J u n e 13,1898, 20. 00 a n d M a r . 14,1900 L o a n of 1925, a c t J a n . 14,1875 B o n d s issued t o Pacific r a i l r o a d s , a c t s J u l y 1,1862, a n d J u l y 2,1864 499,645,805.50 Total. Redemptions. E x c e s s of issues. E x c e s s of redemptions. $100,00 $100.00 100,00 100.00 101,520,000.00 3,088,00 . 3,088,00 72,255,600.00. $57,624,400.00 1,000.00 50,00 100,00 100,00 2,460.00 2,460.00 1,000.00 2,700.00 1,000.00. 2,700.00' 216,525,000.00 18,983,000.00 1,340.00 1, 340.00 100.00 100.00 20,085,274,50 • 1,000.00 50.00 12,650,160.-00 17,783,000,00 17,783,000.00 6,250.00 6,250.00 120,900. 00 120,900.00 2,443,750.00 2,443,750.00 2,350.00 24,201,000.00 ' 24,'26i,'666." 66 2,105,780.00 27,321,200.00 2,105,760,00 27,321,200,00 13,000.00 13,000.00 484,392,792.50 1,259,910.00 74,006,898,00 E x c e s s of issues E x c e s s of r e d e m p t i o n s . 89,259,910,00 74,006,898.00 N e t e x c e s s of issues c h a r g e d i n receipts a n d e x p e n d i t u r e s 15,253,012,00. ^ a Issued i n e x c h a n g e for r e f u n d i n g certificates. TABLE E . - -STATEMENT SHOWING THE PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING F U N D DURING EACH FISCAL Y E A R PROM ITS INSTITUTION IN MAY, 1869, TO AND INCLUDING J U N E 30, 1902. P r i n c i p a l re- P r e m i u m p a i d . deemed. Y'ear e n d e d — Five-twenties Five-twenties Five-twenties Five-twenties Consols, 1865 Consols, 1867 Consols, 1868. Total of of of of J U N E 30, 1869. 1862 M a r c h , 1864. J u n e , 1864 1865 '. ". . .. . . . N e t cost i n currency N e t cost estimated in gold. Interest due a t close of fiscal year. Accrued interest paid i n coin. B a l a n c e of interest due at close of fiscal y e a r . $1,621,000.00 70,000.00 1,051; 000.00 465,000.00 . 461,000.00 4,718,000.00 . 305,000.00 $253,822.84 11,725.00 161,946.45 74,969.00 78,736.80 749,208.08 49,442.50 $1,874,822.84 81,725.00 1,212,946.45 539,969.00 534,736.80 5,467,208.08 354,442 50 $1,349,970.02 57,552.82 873,205.61 387,566.28 387,903.26 3,948,586.11 256,653.20 $16,210.00 700.00 10,500.00 4,650.00 13,880.00 141,540.00 9,150.00 $7,384.60 218. 63 1,470.42 2,683. 54 429.04 116,032.35 8,173.98 $8,825.40 481.37 9,039.58 1,966.46 13,,400.96 25,507.65 976.02 fa o fed 8,691,000.00 1,874,850.67 10,065,850.67 7,261,437.30 196,590.00 136,392.56 60,197.44 " i^ 3,542,050.00 85,000.00 3,971,400 00 2,790,250.00 11,532,150.00 • 5,882,550.00 348,500.00 493.479.42 15,742.87 506,189.91 361.735.43 1,454,778.37 861,763.73 58,368.95 4,035,529.42 100,742.87 4,477,589.91 3,151,895 48 12,986,928 37 6,744,313 73 401,863,95 • 3,263,099,51 75,658.54 3,647,628.29 2,606,636.20 10,080,736.97 5,309,800.90 ' 308,578.16 160,919.50 5,350.00 165,834.00 105,257.50 495,421.50 302,734.50 19,380.00 45,994.49 I,080.99 49,946.00 37,113.53 145,518.29 66,111, 51 5,238.78 114,925.01X 4,269.01 115,888.00 68,143.97 349,903.21 236,622.99 14,141.27 Kl 28,151,900.00 3,747,053.68 31,898,958, 68 25,893,143.57 1,254,897.00 351,003.54 908,893.46 227,607.56 2,277.20 340,509.63', 574,923.00 850,949.79 541,559.41 4,784.61 3,020,557.56 31,777,20 4,807,879,63 7,343,523.00 11,073,149,79 6,644,609,41 57,884,61 2,680,209.05 28,590.88 3,847,182.42 6,525,23i-:'42 9,762,387.78* 5, §00,618.37 49,797.81 145,975.00 1,240.00 201,375.00 331,933,50 522,117.00 351,528.00 3,096.00 86,657.80 388.35 51,703.46 92,259.58 109,455.28 76,745.93 , 572.13 109,317,20 851,65 149,671.54 239,673,92 412,661.72" 274,782, 07 2,512.87 1,557,264.50 367,782.53 1,189,481.97^ 75,179.43 1,338.70 57,449.80, 37,817,37 . 149,248.21 108,487.92 1,386.95 352,669.57 7,555.30 188,551.70 208,744.63 558,085.79 309,046.08 3,764,05 J U N E 80, 1870, Five-twenties Five-twenties Five-twenties Five-twenties Consols, 1865 Consols, 1867 Consols, 1868 of of of of 1862 M a r c h , 1864 J u n e , 1864 1865 : , ... Total Five-twenties Five-twenties Five-twenties Five-twenties Consols, 1865 Consols, 1867. Consuls, 1868 of of of of : • Total 2,792,950.00^ 29,500.00 3,967,350.00 6,768,600,00 10,222,200.00 6,103,050.00 52,600,00 29,936,2.50,00 2,542,631.20 82,478,881,20 28,694,017.73 6,417,850.00 127,100.00 3,604,650.00 3,635,200.00 11,788,900.00 6,958,900.00 85,850.00 764,055.21 14,959.08 488,656,16 486.838,70 1,436,989,46 833,600,15 9,951.63 7,181,905.21 142,059,03 4,043,806,16 4,072,038,70 13-, 225,889.46 7,792,500,15 95,801.63 6,345,391.98 126,123.46 3,578,223.63 8,594,747.85 11,660,785.89 6,868,777.39 84,595.02 32,018,450.00 3,935,050.34 36,553,500,34 32,248,645.22 J U N E 30, 1872. Five-twenties Five-twenties Five-twenties Five-twenties Consols, 1865 Consols, 1867 Consols, 1868 Total of of of of 1862 M a r c h , 1864 J u n e , 1864 1865 : . • t> fed o ^ W fa 1^ J U N E 30, 1871. 1862 . M a r c h , 1864 .'. June,.1864 1865 .' . fa . \..\ ' 427,849. 00 8,894.00 246,001,50 246,562.00" 707,334.00 417,534.00 5,151.00 2,059,325.50 430,908.38 1,628,417.12 fed fa > oo d Kt 00 TABLE E . — S T A T E M E N T SHOWING THE PURCHASE AND REDEMPTION OP BONDS ON ACCOUNT OF THE SINKING F U N D , ETC.—Continued. Year ehded— Accrued interest paid in coin. $7,089,542.58 49,780,91 8,715,211,22 ' 1,943,488,98 10,668,617,09 4,^73,781,76 617,140,34 ' $431,450,50 3,500.00 228,270.50 120,266.50 646,095.00 264,126,00 37,173.00, $101,960.57 813,70 42.216.46 28.744.47 145,069,84 69,632,51 8,948.40 $329 489.93 2,686.30 181,054.04 96,522.08 501,025.66 194,493,49 28,224.60 28,457,562.83 1,725,881.50 392,385.45 1,338,496,05 N e t cost estimated i n . gold. $925,788,87 7,372.50 480,684.37 250,685,98 1,871,187,17 553, 610,89 81,988.44 $8,062,883,87 57,372.50 4,221,834.37 2,210,485.93 12,139,437.17 . 4,955,710.89 701,538,44 8,671,258.17 32,349,258,17 Premium paid. $7,137,100.00 50,000.00 3, 741,150.00 1.95^, 850.00 10,768,250.00 4,402,100.00 619,550.00 28.. 678,000.00 B a l a n c e of interest due a t close of fiscal y e a r . Interest due a t close of fiscal year. N e t cost i n currency. P r i n c i p a l redeemed. 00 OS J U N E 80, 1878, Five-twenties Five-twenties Five-twenties Five-twenties Consols, 1865 Consols, 1867. Consols, 1868 of 1862. of M a r c h , 1864 of J u n e , 1864 of 1865 •. . . . . . 9 Total J U N E 80, 1874, F i v e - t w e n t i e s of 1862 F i v e - t w e n t i e s of J u n e , 1864 F i v e - t w e n t i e s of 1865 Con.sols, 1865 . . . . Consols, 1867 Consols,1868 Total 1,421,700,00 2,020,550,00 1,247,250.00 3,393,650.00 4,051,000.00 802,800,00 161,219.79 218,457.89 135,577.95 360,964.62 432,848,18 86,505,62 1,582,919.79 2,239,007.39 1,382,827.95 8,754,614.62 4,483,848,18 888,805. 62 1,415,391,05 2,0I2,05L32 1,241,57L69 3,874,984,42 4,029,975.86 798,926.40 99,519.00 141,488,50 87,307.50 208,619.00 243,060,00 48,138,00 3l', 748,95 48,013.46 29,848,19 46,489,33 55,976.97 11,014,38 67,775,05 93,425,04 57,959.31 157 129 67 187,083.08 37,123,62 12,936,450.00 1,895,078.55 14, 881,523,55 12,872,850.74 823,082, 00 222,586.28. 600,495.72 25,170,400.00 541,973.50 353,061.56 188,911.94 5.785.200,00 10,869; 600,00 1,789,250. 00 404.964. 72 760;872.00 125,247.50 54.745.72 171,966.38 30,805.86 850.218.28 588,905,67 94,441,64 18,444,050,00 18,444,050.00 1,291,083.50 257,517,91 1,038,565.59 81,200.00 178,900. do 180,350.00 6,050. 00 1,000.00 81,200,00 178,900. 00 180,350.00 6,050.00 1,000.00 4,352.25 9,943.50 9,519.00 181.50 • 40., 00 1,181,67 1,323.60 3,141.08 108.97 21.20 8,170.58 8,619. 90 6,377.92 72.58 8 80 447,500.00 447,500.00 24,026.25 5,776.52 18 249 73 J U N E 80, 1875. , F i v e - t w e n t i e s of 1862 . 25,170,400.00 J U N E 80,.1876. F i v e - t w e n t i e s of 1862 F i v e - t w e n t i e s of J u n e , 1864 F i v e - t w e n ties of 1865 Total . ... • 5, 785,200.00 10,869,600.00 1,789,250,00 . . ° J U N E 30, 1877. Five-twenties Five-twenties Five-twenties Consols, 1865 Consols, 1867 . ^ of 1862 of J u n e , 1864 of 1865 , .- . . Total •... • .. .. . ... fed fa fa o ^, o W fa fa t> iz! o fa 00 ' ' JUNE 30, 1878. Five-twenties of 1862 Five-twenties of June, 1864 Five-twenties of 1865 Consols, 1865 Consols, 1867 Consols, 1868 , Total 17,900.00 15,900.00 2,350.00 23,600.00 5,700.00 8,500.00 966,00 834.00 129,00 1,416.00 342.00 510.00 192.65 78.41 40. 92 273.35 134;76 89.83 773 755 88 1 142 207 420 78,950,00 73,950.00 4,197.00 809.92 3,387,08 2,650,00 3,150.00 1,850.00 1,700.00 9,050.00 100.00 2,650.00 3,150.00 1,850.00 1,700.00 9,050,00 100.00 165.75 94.50 85.50 102.00 548.00 6.00 40.35 18.53 41.22 41.49 166.62 ,56 125 40 75 97 44 28 60 51 376 38 5.44 18,500,00 996.75 808.77 687 98 4.00 4,00 14.50 •28,168,75 85,110,00 1,165,807.50 484,747. 50 9,787.50 415,162,70 15,000,00 ,67 ,49 5,85 12,872,65 47,540,20 518,148,79 213,179,29 3,602,56 180,349.86 • 10,191,74 3 38 3 51 8.65 15,296,10 37,569,80 647,658.61 271,568,21 6,124.94 284,813.84 ' 4,808,26 17,900,00 15,900.00 2,850,00 23,600,00 5,700,00 8,500.00 ^ 35 59 08 65 24 17 JUNE 30, 1879, Five-twenties of 1862 Five-twenties of June, 1864 Five-twenties of 1865.. — Consols, 1865 Consols, 1867 : Consols, 1868 • 18,500.00 Total JlJNE 80i 1880. Five-twenties of 1862 Five-twenties of June, 1864 Five-twenties of 1§65 Ten-forties of 1864 Loan of February, 1861 Loan of July and August, 1861 Loan of March, 1863 Oregon war debt Funded loan of 1881 Funded loan of 1907 , , , , Total 100.00 100.00 250.00 676,050.00 2,837,000.00 32,064,250.00 12,797,150.00 202,550.00 23,575,450.00 1,500,-000.00 $74,161.95 1,876,085,04 549,035,18 • 8,273,02 662,206,97 125,558,26 100,00 100,00 . 250,00676,050,00 2,911,161,95 33,440,835,04 18,846,185,18 210,823,02 24,287,656.97 1,625,558.26 73,652,900.00 2,795,820.42 76,448,220,42 2,203,806,45 985,951,60 1,267,854,85 3,000.00 50.00 100.00 7,775,000.00 16,712,450.00 7,057,100.00 54,250.00 42,769,400.00 51,277.58 488,876.11 199,514.62 1,408.65 320,171.82 8j000,00 50,00 100,00 7,826,277.58 17,201,826,11 7,256,614.62 55,658,65 43,089,571,82 210.00 8.50 7,00 462,390.00 1,002,747.00 361,815.50 2,584.50 1,106,474.15 80,22 .25 1.74 160,072,88 200,043.95 83,830.51 551.11 263,342.94 129,78 3 25 5,26 302,817.12 802,708,05 277,984.99 2,088,39 843,130.21 74,371,350.00 1,061,248.78 75,482,598,78 2,935,731.65 707,428.60 2,228,308,05 OO fa Q fed fa > fed Kj' o fa. H' ttfaH' fedfa^ • 00- d.: fed JUNE -30, 1881, Five-twenties bf 1862.... •. > Five-twenties of June, 1864 Five-twenties of 1865 Loan of February, 1861 Loan of July and August, 1861 Loan of March, 1863 -. Oregon war debt Funded loan of 1881. Total , :.. 00. TABLE E.—STATEMENT SHOWING THE PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING FUND, 0 •• - ETC.—Continued. -i . . . . Accrued interest paid i n coin. B a l a n c e of interest due a t close of fiscal y e a r . N e t cost estimated in gold. Interest due a t close of fiscal year. $55,215,850,00 2,637,850,00 1,000.00 2,224,450.00 $55,215,850.00 2,687,850.00 1,000,00 2,224,450.00 $1,368,894, 64 91,701,75 23.33 115,717,53 $579,498,12 28,771.80 . 2.78 6,771.88 $789,401,50 65,929.95 20,55 103,945,70 60,079,150.00 60,079,150,00 1„576,337.28 612,039,53 964,297.70 P r i n c i p a l re. deemed. Year ended— P r e m i u m paid. N e t cost i n currency. 00 00 J U N E 80, 1882, L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 8 i p e r c e n t L o a n of M a r c h , 1863, c o n t i n u e d a t 3^ p e r c e n t F u n d e d l o a n of 1881, c o n t i n u e d a t 3? p e r c e n t F u n d e d l o a n of 1881 : Total fa o J U N E 30, 1888, F i v e - t w e n t i e s of 1862 F u n d e d l o a n of 1881 L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3 i p e r c e n t L o a n of M a r c h , 1868, c o n t i n u e d a t 3^ p e r c e n t F u n d e d l o a n of 1881, c o n t i n u e d a t 3^ p e r c e n t . . Total . 100.00 41,300.00 661,750.00 .34,128,150.00 10,019,400.00 100,00 41,300,00 661,750,00 34,128,150,00 .10,019,400,00 5.50 1,716,66 20,760,25 1,171,034,37 283,862,12 14,18 138,18 5,293.40 186,913.66 137,402.11 8,68 1,578,58 15,466,85 984,120.71 96,460.01 44,850,700.00 44,850,700.00 1,427,878,90 329,761.48 1,097,617,42 200.00 5,200,00 422,550,00 566,250.00 33,221,450.00 12,553,950,00 9.50 187,08 . 14,789.25. 19,818.75 1,018,176.97 240,130.13 13.85 164.24 2,828. 94 7,669,86 276,923,93 31,884.61 8,85 22,84 11,965.31 12,748.89 741,253.04 208,245,52- 46, 769,600.00 46,769,600. 00 1,293,111.68 318,879.93 974,231,75- 4,000.00 100.00 I,100.00 52,250.00 18,000.00 280,500.00 45,282,200.00 4,000.00 100.00 1,100.00 52,250.00 18,000.00 230,500.00 45,282,200.00 85.004.00 36.67 1,269,62 499.62 5,347.70 1,158,460.88 70i;96 ,49 50.51 588.85 87.92 1,416,28 268,821.31 616,96 8.51 13.84 680. 77 411.70 3,931 42 884,689,57 45,588,150.00 1,160,703.49 271,667,82 889,036,17 J U N E 80, 1884. F i v e - t w e n t i e s of 1882 F u n d e d l o a n of 1881 L o a n of M a r c h , 1868, c o n t i n u e d a t 3i-per' c e n t ; L o a n of J u l y a n d A u g u s t , 1861 . . c o n t i n u e d a t 3 i p e r c e n t F u n d e d l o a n of 1881, c o n t i n u e d a t 3 i p e r c e n t L o a n of J u l y 12,1882 200.00 5,200.00 422,550.00 566,250.00 33,221,450.00 12,553,950.00 Total 1 J U N E 30, 1885. F i v e - t w e n t i e s of 1862 F i v e - t w e n t i e s of 1864 '. F u n d e d l o a n of 1881 . . . L o a n of J u l y a n d . A u g u s t , 1861, c o n t i n u e d a t 3 i p e r c e n t . L o a n of M a r c h , 1868, c o n t i n u e d a t 3^ p e r c e n t . ' F u n d e d l o a n of 1881 c o n t i n u e d a t 3^^ n e r cent^ L o a n of J u l y 12,1882 Total fed fa -.. 45,588,150.00 - fed o • t^ W fa. fa M a fa OD J U N E 30, 1886. Oregon war debt . L o a n of J u l y a n d A u g u s t , 1861 L o a n of 1863 F i v e - t w e n t i e s of 1862 F i v e - t w e n t i e s of 1864 F i v e - t w e n t i e s of 1865 : T e n - f o r t i e s of 1864 . • Consols of 1865 Consols of 1867 Consols of 1868 F u n d e d l o a n of 1 8 8 1 . . . . L o a n of 1882 L o a n of 1863, c o n t i n u e d a t 3? p e r c e n t . L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3 i p e r c e n t F u n d e d l o a n of 1881, c o n t i n u e d a t 3 i p e r c e n t Total J U N E 30, 1887. L o a n of 1882 . . . . . ..• T e n - f o r t i e s of 1864 F u n d e d l o a n of 1881 : L o a n of J u l y a n d A u g u s t , 1861 F i v e - t w e n t i e s of 1862 '. F i v e - t w e n t i e s of 1865 L o a n of F e b r u a r y , 1861 -. L o a n of 1863 Consols of 1865 Consols of 1867 .^ Consols of 1868 L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3 i p e r c e n t L o a n of 1863, c o n t i n u e d a t S^ p e r c e n t . . . F u n d e d l o a n of 1881, c o n t i n u e d a t 3 i p e r c e n t Total 100.00 2,500.00 1,100.00 67,500.00 4,300.00 300.00 14,250.00 15,900.00 26,950,00 12,250.00 49,800.00 44,044,800.00 4,100.00 96,750.00 190,750.00 100.00 2,.500.00 1,100.00 67,500.00 4,300.00 800.00 14,250.00 15,900.00 26,950.00 12,250.00 49,800.00 44,044,800.00 4,100.00 96,750. 00 190,750.00 1,50 53.25 3L50 1,425.00 85.25 6.00 356,25 419.25 662.25 203.25 826.50 435,942.00 123.00 2,848.50 4,704.13 18.00 99.00 33.00 14,899,00 81,14 2,02 278.80 842,29 2.070.75 570.04 868.55 220,617.44 31.32 1.560.76 1,065,34 16 50 45 75 1.50 12,974.00 54.11 8 98 77 45 423 04 1,408. 50 366. 79 42 05 215 324 57 91 68 1,287.74 3,638.79 44,531,350.00 44,531,350.00 447,687.64 242,487.45 205,200.19 47,748,750.00 1,300.00 . . 3,100.00 28,700.00 650.00 8,000,00 2,000,00 13,400,00 18,200.00 84,000,00 500.00 1,500.00 8,500.00 25, 600.00 47,748,750.00 1,300.00 3,100.00 28,700.00 650.00 8,000.00 2,000.00 13,400.00 18,200.00 34,000. 00 500. 00 1,500.00 8,500.00 25,600.00 1,375,653. 00 84.17 110.83 1,722.00 45. 50 560.00 120.00 804.00 1,092.00 2,040.00 30.00 52.50 297.50 926.33 228,676.38 119. 50 166.80 861.00 58.12 473. 92 60,00 402.00 2,147.16 3,333. 69 270.25 22. 58 60.31 218,17 1,151,976.62 85.38 55 97 861.00 • 12 62 86 08 60.00 402 00 1,055.16 1,293.69 240.25 29.92 237 19 713.16 4.7,894,200.00 47,894,200.00 1,383,537.83 231,864.88 1,151,672.95 18,880,500,00 19,455,400.00 5,389,250.00 1,555,966.17 1,296,049.71 18,880,500.00 21,Oil,366.17 6,685,299.71 94,660.88 95,098.43' 43,817.79 565,969.12 699 148 57 159,475,21 43,725,150.00 2,8§2,015.88 46,577,165.88 1, 658,170.00 233,577.10 1,424,592,00 1,150,00 500.00 57,900.00 8,000.00 100.00 12,153,850.00 26,839,650.00 844,918.01 7,672,222.29 1,150.00 500.00 57,900.00 3,000.00 100.00 12,998,768.01 34,511,872.29 69.00 30.00 1,709.25 • 105.00 3.50 480,076.12 1,Oil,368.00 39.00 15.00 354.94 20.42 ,91 89,397,68 180,452.69 30.00 15,00 1,854. 31 84.58 2.59 440,678.44 830,915.31 39,056,150.00 8,517,140.80 47,573,290.30 1,493,360.87 220,280.64 1,273,080.23 . J U N E 30, 1888. L o a n of 1882 F u n d e ' d l o a n of 1891 F u n d e d l o a n of 1907 Total ."...-• J U N E 30, 1889. Oregon war debt . . . .. .i •Loan of J u l y a n d A u g u s t , 1861 L o a n of 1882.. . L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3 i p e r c e n t L o a n of 1863, c o n t i n u e d a t 3^ p e r c e n t F u n d e d l o a n of 1891 F u n d e d l o a n of 1907 Total 660,630,00 794,247.00. 203,293.00 OO fa a fed fa t^ t> fed Kl o fa w fa oo \^ fed 00 CD TABLE .E.—STATEMENT SHOWING THE. PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF T H E , S I N K I N G FUND, Principal redeemed. Year ended— P r e m i u m paid. N e t cost i n currency. CO ETC.—Continued. N e t cost estimated in gold. Interest due a t close of fiscal year. Accrued interest paid . i n coin. B a l a n c e of interest due a t close of fiscal y e a r . $119.25 35.00 137.50 537,528.68 1,045,804,50. $11,39 16,88 109.14 69,588. 99 156,655.13 $107.86 18.12 28.36 467,934. 69 889,149.37. 1,357,238.40 J U N E 30, 1890. L o a n of 1882 L o a n of J u l y F u n d e d loan F u n d e d loan Funded loan a n d A u g u s t , 1861, c o n t i n u e d a t 3^ p e r c e n t of 1881 ." of 1891 of 1907 Total ' . . . . . . . . J U N E 30, 1891, L o a n of 1882 L o a n of J u l y a n d A u g u s t , 1861 L o a n of 1863 . . . . . F u n d e d l o a n of 1891 F u n d e d l o a n of 1907 . . Total J U N E 80, 1892. War^bounty scrip ' -..'. L o a n of 1860 . . L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3 i p e r c e n t L o a n of 1863, c o n t i n u e d a t 3^ p e r c e n t . F u n d e d l o a n of 1881. F u n d e d l o a n of 1881, c o n t i n u e d a t 3^ p e r c e n t L o a n of 1882 .' F u n d e d l o a n of 1891 . F u n d e d l o a n of 1891 co"^^""'^'^ « t 9. -n^.r p.pnt Total J U N E 30, 1898, . . W a r - b o u n t y scrip L o a n of F e b r u a r y 1861 L o a n of J u l y a n d A u g u s t , 1861 L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3 i p e r c e n t L o a n of 1863 c o n t i n u e d a t 3s n e r c e n t F u n d e d l o a n of 1881 c o n t i n u e d a t 85 p e r c e n t . ' L o a n of 1882 F u n d e d l o a n of 1891 . Total $4,050,00 1,000,00 3,000.00 • 12,136,750.00 27,695, 600.00 $710,666.79 7,536,058.37 $4,050,00 1,000.00 3,000.00 12,847,416,79 85,281,658.37 39,840,400.00 8,246,725.16 48,087,125.16 1,583,619,93 226,381.53 6,800.00 950.00 100.00 27,860,400.00 16,134,000.00 69,945.63 3,790,140.65 6,800.00 950.00 100,00 27,930,345,63 19, 924,140.65 183,00 57.00 6.00 1,075,088.24 645,641.50 44.76 28,50 3,00 1,156,418,38 54,310.28 138 24 28,50 3,00 81,325.14 591,331,22 44,001,750.00 3,860,086,28 47,861,836.28 1,720,975, 74 1,210,799.92 510,175,82 50.00 10,000,00 10,650.00 50.00 350. 00 500.00 15,700.00 24,225,800.00 47,700.00 50.00 10,000.00 10,650.00 50.00 350.00 500.00 15,700. 00 24,225,800.00 47,700.00' 2.25 250,00 370.12 1,75 18.67 10.79 218. 00 4,085,419.69 792.88 1.42 250.00 98.30 .15 26.76 4.25 53.64 179,940.75 41.98 .83 24,310,800.00 24,310,800.00 1,087,076. 65 • 180,412.20 25.00 1,000.00 7,600. 00 2,000.00 1,000.00 1,000.00 • 76,850.00 511,700.00 25.00 1,000. 00 7,600. 00 2,000. 00 1,000.00 1,000.00 76,850.00 511,700.00 .75 30.00 228.-00 35.00 17. 50 23.33 2,653. 75 16,580,99 .75 90.00 2,858.00 24.74 8.10 .86 377. 80 5,977.72 60 00' 2,130.00 10 26 9 40) 22.47 2, 275;95 10,603.27 601,175.00 19,569,32 8,837.97 10,731.35' 601,175.00 * 276.82 1 60 15,09 6.54 164.36 905,478.94 750 45 906,664.45 fed fa fa O fed .0 izi m fa fa M a fa: 00 Loan of Loan of Funded Funded Loan of Funded July July loan loan 1882 loan JUNE 30, 1894, and August, 1861 ..;:.:::.... and August, 1861, continued at 8i per cent of 1881 of 1881, continued at»8i per cent , ' of 1891 , Total Loan of Loan of Funded Funded Loan of Funded JUNE 30, 1895, July and August, 1861 1868 loan of 1881 loan of 1881, continued at 3i per cent 1882 loan of 1891 Total 100. 00 18,000.00 1,000.00 15,400.00 4,400.00 176,000.00 100.00 18,000,00 1,000.00 15,400.00 4,400.00 176,000.00 6,00 630.00 158.83 359.38 73.00 6,278.81 8,00 270.99 151,51 134,75 22,29 1,72L 51 3 00 359 01 6 82 224.58 50 71 4,557.30 '214,900.00' 214,900,00 7,505.47 2,304.05 5,201.42 7,400,00 3,000.00 3,100.00 2,500.00 7,350.00 96,200.00 7,400,00 3,000.00 8,100.00 2,500.00 7,350,00 96,200.00 325,50 90,00 168,33 86.46 97,12 8,509,04 321.00 90.00 454,64 • 19.99 47,47 1,810,78 291. 31 16 47 49.65 1,698 31 119,550.00 .119,550.00 4,221,45 2,743.83 1,477.62 50.00 500.00 500.00 8,200.00 2,000.00 3,200.00 58,150.00 50.00 500.00 500.00 3,200.00 2,000.00 8,200.00 58,150,00 12:00 30,00 30,00 394.17 70,00 41.50 2,876,41 12.00 15.00 15.00 397.43 35.00 22,10 1,159,68 15.00 15 00 3.26 35 00 19 40 1,716.78 s 67,600.00 67, 600.00 3,454.08 1,656,21 1,797.87 fa 2,400.00 1,000.00 500.00 500,00 1,000.00 1,500, 00 1,600,00 287,400,00 2,400,00 1,000,00 500, 00 -500,00 1,000,00 1,500,00 I,600.00 287,400. 00 2,175.00 520.00 80.00 16,67 28.38 43.75 32,00 18,426.16 2,169,00 486,74 15,00 L37 8.75 25,03 10,49 7,178.20 6.00 33 26 15.00 15 30 14 58 18.72 21 51 6,247.96 245,900,00 16,266,91 9,894,58 6,872.33 11,000.00 2,650.00 2,130,00 233,95 L46 369.18 3,50 1,830.00 174.65 ,88 166.87 .36 300 00 59,80 58 202,31 3.14 2,738.09 2,172.76 565,33 ° 4 50 JUNE 30; 1896, Oregon war debt , Loan of July and August, 1861 Loan of 1863 , Funded loan of 1881 , Loan of July and August, 1861, continued at 3? per cent. Loan of 1882 , Funded loan of 1891 ° Total .., JUNE 30, 1897. Loan of July and August, 1861 1 , Five-twenties of 1862 , Loan of 1863 ... Funded loan of 1881 : .' , Funded loan of 1881, continued at 8i per cent Loan of July and August, 1861, continued at 3i per cent. Loan of July 12, 1882 , Funded loan of 1891 . Total . . . . ^ . . . : Loan of Funded Funded Funded Loan of . July loan loan loan July Total 245,900.00 JUNE 30, 1898. and August, 1861 of I88I of 1881, continued at 3i per cent of 1891 ' 12, 1882 .o ' - : 11,000,00 2,650,00 100.00 21,850,00 IOO. 00 35,200.00 • ioo:oo 21,350.00 100,00 85,200,00 QO fa. Q I »^ O fa. 1^ w i 00. d S Kf CO. TABLE E.—STATEMENT SHOWING THE PURCHASE AND REDEMPTION OP BONDS ON ACCOUNT OF THE SINKING F U N D , Principal redeemed. Y'ear e h d e d — J U N E 30, 1899. L o a n of J u l v a n d Auerust 1861 L o a n of 1863 . . • . : . F u n d e d l o a n of 1881 F u n d e d l o a n of 1881 c o n t i n u e d a t 8^ n e r c e n t L o a n of J u l y 12 1882 F u n d e d l o a n of 1891 Total' '. P r e m i u m paid. N e t cost in currency. N e t cost estimated in gold. ETC.—Continued. Interest due a t close of fiscal year. Accrued interest paid in coin. CO B a l a n c e of interest due a t close of fiscal y e a r . $2,800.00 500.00 1,100.00 500.00 5,100.00 17,550.00 27,050.00 $2,800.00 500.00 1,100.00 500.00 5,100.00 17,550.00 27, 050.00 $2,277.00 30.00 187. 92 20.42 139.50 1,172.80 3,827.64 $2,277,00 15,00 153.60 2.49 25.56 700.21 3,173.86 $15.00 34.32 • 17.93 113.94 472. 59 653.78 100,00 500, 00 300. 00 86,600.00 8,384,650.00 14,810,350.00 4,990,300.00 22,722,800,00 100.00 500.00 300.00 36,600.00 3,384,650.00 16,134,919.40 5,539,233.00 25,096,302.40. 6.00 30.00 6.25 635. 06 7,548.59 429,074.50 166,343.33 603,638. 73 3.39 15.00 4.20 342.02 3,934. 61 83,078.64 14,636.72 102,014.58 2.61 15.00 2.05 298.04 3,608.98 345,995,86 151,706.61 501,624, .15 14,000,00 3,000.00 500,00 5,850,00 21,705,250,00 14,708,171,33 1,176,116.68 316,352.76 37,929,240.77 2,670. 00 90.00 17,50 446,62 421,125.92 129,876, 00 9,035,88 1,457.60 564,719,47 2,520,00 90,00 7,53 348.13 87,429.18 50,859.46 5,309,78. 1,118.71 147,682.79 150,00 9.97 98,49 838,696,74 79,016.54 3,726,05 338.8^ 417,036,68 96,00 100.00 60.00 1,000.00 3.21 100.00 282.12 6,250.00 1,565.49 120,900. 00 748,512,00 27,159,620.95 92,242,70 2,619,430.25 55,666,80 '2,279,160.64 837,179.33 38,056,409.30 1,735,557. 65 70,242,971.14 970,166,133. 52 "3274127314. 37 96,00 30.00 .50 71. 08 516.72 148,542.39 13,105.85 5,902.20 128,269.75 296,534.49 8,817,075. 72 30.00 2.71 161.04 1,048.77 599,969. 61 79,136.85 49,764.60 708,909.58 1,439,023.16 23,595,238.65 J U N E 30, 1900, W a r b o u n t y scrip L o a n of J u l y a n d A u g u s t 1861 F u n d e d l o a n of 1881 '. '. F u n d e d l o a n of 1891 ^ F u n d e d l o a n of 1891, c o n t i n u e d a t 2 p e r c e n t F u n d e ' d l o a n of 1907 . . . . L o a n of 1904 .-. Total J U N E 80, 1901. L o a n of J u l y a n d A u g u s t 1861 ';. L o a n of 1863 w . '. L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3 i p e r c e n t F u n d e d l o a n of 1891 F u n d e d l o a n of 1891, c o n t i n u e d a t 2 p e r c e n t F u n d e d l o a n of 1907 J LOor. r,f 1004 ' L o a n of 1908-1918 Total n o w fa . 14,000,00 3,000,00 500,00 . 5,850.00 21,705,250,00 12,983,700,00 1,084,300.00 291,520; 00 36,088,120.00 J U N E 30, 1902. Oregon w a r d e b t L o a n of 1863 F u n d e d l o a n of 1881 c o n t i n u e d a t 3i n e r c e n t F u n d e d l o a n of 1891. . F u n d e d l o a n of 1891 c o n t i n u e d a t 2 p e r c e n t F u n d e d l o a n of 1907 L o a n of 1904 . L o a n of 1908-1918 1 L o a n of 1925 ' Total Grand total $i,-824,569.46 548,933.00 2,378,502.40 fed fa fa o . . . . 100, 00 1,000. 00 100. 00 6,250.00 120,900.00 24,201,000.00 2,443,750.00 2,105,280. 00 27,321,200,00 56,199,580,00 930,159,975.00 1,724,471.88 91,816.68 24,832,76^ 1,841,120,77 ................ 1 2,958,620.95 175,680,25 173,880,64 10,735,209.30 14,048,391.14 62,256,468. 74 157,677,976.61 a fa 00 TABLE F . — S I N K I N G FUND ACCOUNT FOR FISCAL YEAR DR. July 1,1901 June 30,1902 To balance from last year $348,527,455.92 To 1 per cent on the principal of the public debt on 12,215,722,45 June 30,1901, less coin certificates. Treasury notes, and cash available for reduction of the debt, ^dz, $1,221,572,244.89. To interest on redemptions prior to fiscal year 1902... 41,980,309.17 To interest on $56,206,278, amount of debt " p a i d " 1,735,959.53 during fiscal year 1902, 399,459,447.07 June 30,1902 By By By By By By 1902. principal of bonded debt redeemed in 1902 accrued interest thereon fractional currency and notes redeemed in 1902 accrued interest thereon premium on bonds purchased balance '.. CR. $56,199,580,00 296,534,49 6,698,00 526,24 14,048,391,14 328, 912,717,20 899,459,447.07 OO fa O fed fa t> fed Kl o fa W fa CD d fed Kl CO CO 94 REPORT ON T H E FINANCES. TABLE G.—POPULATION, N E T REVENUE, AND N E T MENT PROM 1837 TO 1902, EXPENDITURES OF THE GOVERN- AND P E R CAPITA OF THE REVENUES AND P E R CAPITA OP EXPENDITURES. Year. 1837.... 1838 1839 1840 1841 1842 1843 (six m o n t h s ) 1844 1845 1846 1847 1848 1849 1850 1851 1852. 1853 1854 1855 1856 1857 1858 1859 1860 1861 1862 • 1863 1864 1865 1866. 1867 1868 : 1869 1870 1871 1872 1873 1874 1875 1876...1877 1878 1879 1880 1881.. 1882 1883 1884 1885 1886 c.-.. 1887 •. 1888..'. 1889 1890 :-.... 1891 1892. 1893 1894 1895 1896 1897 1898 1899... 1900 1901...... 1902 Population. 655,000 112,000 584,000 069,458 591,000 182,000 694,000 276,000 878,000 500,000 143,000 805,000 489,000 191,876 995,000 802,000 615,000 433,000 256,000 083,000 916,000 753,000 596,000 443,321 064,000 704,000 365,000 046,000 748.000 469,000 211,000 973,000 756,000 558,371 555.000 596,000 677,000 796,000 951,000 137, 000 853,000 598,000 866,000 155,783 316,000 495,000 693,000 911,000 148,000 404,000 680,000 974,000 289,000 622,250 947; 000 191,000 456,000 740,000 043,000. 865,000 704,000 060,000 438,000 295,220 754,000 117,000 ci^This i n c l u d e s b This includes cThis includes dThis includes Net revenue. $24,954,158,00 26,302,562,00 31,482,750,00 19,480,115,00 16,860,160,00 19,976,197.00 8,302,702,00 29,321,874,00 29,970,106,00 29,699.968.00 26,495,769.00 85,785,779.00 31,208,143,00 48,603,439,00 52,559,304.00 49,846,818,00 61,587,054,00 78,800,341.00 65,350,575,00 74,056,699,00 68,965,313,00 46,655,366,00 58,486,466,00 56,064,608,00 41,509,930,00 51,987,455.00 112,697,291.00 264,626,772.00 833,714,605.00 558,082,620.00 490,634,OIO, 00 405,088,083.00 370,943,747.00 411,255,478,00 388,323,945.00 374,106,868,00 833,738,205,00 804,978,755.00 288,000,051,00 294,095,865.00 281,406,419,00 257,763,879.00 273,827,184.00 333,526,611,00 360,782; 298.00 403,525;250,00 398,287,582,00 348,519,870.00 323,690,706,00 336,439,727.00 371,403,277,00 379,266,075.00 887,050,059,00 403,080,982.00 392,612,447,31 354,937,784,24 385,819,628.78 297,722,019.25 313,890,075.II 326,976,200.38 847,721,705.16 405,321,335.20 515,960,620,18 567,240,851,89 587,685,837.53 562,478,233.21 Per capita on revenue. $1.59 1.63 1,90 Lll .96 LIO .89 1.62 L5I 1.45 L25 L64 1.39 1.88 2. .19 2,01 2,40 2,79 2.40 2,64 2.38 1.57 L75 1.78 1,29 1,59 3.38 7.77 9.60 16.73 13.55 10,97 9,82 10.67 9.69 9,22 8,01 7.13 6.55 . 6.52 6.07 5.42 5.60 6.65 7.00 7.68 7,41 6,36 5,76 5,86 6,33 6.32 6.31 6.43 6.14 5.44 5.81 4.40 4.54 4.65 4.85 5.55 6.93 7.43 7.56 7.11 Net expenses. $87, 243,496.00 38, fi«^059.00 ^128.00 26, 899,; ,579.00 24, 317,1 ,873.00 26, 565,} 205,' ', 761.00 25, ( 11 858,,076.00 337, ,571.00 i 22; 22, 937,',408.00 1,925.00 27, 766,1 57, 281,, 412,00 877,! ,225,00 45, ,657,00 45; 051,1 543,^ ,492.00 89, 47, 709,,017.00 ( 44, 194,,919.00 < ,1U.00 48, 184,: ,862.00 68, 044,1 ( 59, 742,,668.00 • 69, 571,, {026,00 ,708,00 67 795,' ,270.00 74 185,: 69 070,, <977,00 ,598,00 63; 130,1 66, 546,,645,00 ( ,819,00 47,4, 761,; ,725,00 714, 740,' 865, 322,,614.00 ( ,224,00 1,297, 555,5 ,417.00 520, 809,^ 357, 542,,675,00 ( 877, 340,^ i285.00 322, 865,i, i278.00 ,56i,00 309, 653,1 292, 177,,188,00277, 517,',963,00 ,245,00 290, 845,5 302, 638,, {873.00 ,393.00 274, 623,1 ,085.00 265, 101,1 ,475,00 241 334,' ,327,00 236 964,.' J 166 947,,884.00 ,958.00 267 642,' { 260; 712,,888,00 257, 981,, 440,00 265, 408,, 138.00 244, 126 ,244,00 260, 226;,985.00 242, 483,., 138,00 267 932,,179.00' a 267; 924,,801.00 &299, 288,,978.00 c318, 040,1,710.00 d365, 773,-, 905.85 345. 023 ,330,58 883 477:,954.49 367 525;V279.88 856; 195,,298.29 352, 179,,446.08 365, 774 ,159.57 443, 368;,582.80 605, 072;:,179.-85 487. 713,,791.71 509, 967,,353.15 471 190,',857,64 $8,270,842.46 of " p r e m i u m s o n p u r c h a s e of b o n d s , " $17,292,362,65 of " p r e m i u m s o n p u i c h a s e of b o n d s . " $20,804,224.06 of " p r e m i u m s o n p u r c h a s e of b o n d s , " $10,401,220,61 of " p r e m i u m s o n p u r c h a s e of b o n d s , " N O T E . — T h e n e t r e v e n u e a n d e x p e n s e s a n d p e r c a p i t a o n r e v e n u e s for 1891 w e r e e r r o n e o u s l y s t a t e d b y t h e R e g i s t e r of t h e T r e a s u r y i n h i s r e p o r t s for 1891,1892, a n d 1893. (See F i n a n c e R e p o r t s for t h o s e y e a r s , p p . 845, 767, a n d 906.) 96 SECEETARY OF THB TREASUEY. T A B L E H . — I N T E R N A L A N D CUSTOMS R E V E N U E A N D 1858 TO 1902. Year ended June 30— Internal revenue. Revenue.a DoUars. 1858 1859 I860 1861 1862 1868 1864 1865 1866 1867 1868 1869 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 -^1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 (cl) }d) (d' W 37,640,787.95 109,741,134.10 209,461,215,25 309,226,813.42 266,027,537.48 191,087,589.41 158,356,460.86 184,899,756.49 143,098,158.63 130,642,177.72 113,729,314.14 102,409,784.90 110,007,493.58 116,700,732.03 118,630,407.88 110,581,624.74 118,561,610.58 124,009,873.92 135,264,385.51 146,497,595.45 144,720,868.98 121,586,072.51 112,498,725.54 116,805,936.48 118,823,891.22 124,296,871.98 180,881,513,92 142,606,705,81 145,686,249.44 153,971,072.57 161,027,623.93 147,111, 232.81 143,421,672 02 146,762,864,74 146,688,574,29 170,900,641.49 273,487,161.51 295,327,926.76 307,180,663.77 271,880,122.10 Per cent. (d) \i (d) • (^) .29 .23 .18 1,87 2,77 4.65 4.69 3.92 6,30 4.36 4,69 4,40 3.89 3,38 2.99 2,96 3,10 2.96 3,20 2,80 3,06 3.47 3.42 3,06 3.22 2,92 2,88 2,65 2.75 2,52 . 2.57 2.55 2.62 , 2.62 2.46 2.17 1.59 L61 X 1.43 1,60 108,685,00 258,372,99 385,239,62 5,783,128.77 7,385,029.81 8,705,366.36 7,257,176.11 7,253,439,81 7,593,714,17 5,694,116.86 5,340,230,00 4,509,976.05 4,289,442,71 8,942,613,72 8,556,948,85 3,280,162,22 3,527,956.56 8,657,105.10 4,327,793,24 4,097,241,34 4,424,707,39 4,216,847.26 8,858,035.94 8,578,679.42 8,826,507,98 3,626,088,91 3,770,388,72 -3,780,950,41 4,003.485,65 3,879; 082.31 4,144,927,02 3,749,029.22 8,754,935.45 3,846,887,55 3,606,798,85 3,705,256-, 95 4,350,543,05 4,446,818,98 4,404,986,68 4,360,144.97 FROM Customs revenue. Expenses of collecting,& DoUars. E X P E N S E S OF COLLECTING, (d) (d) (d) Revenue." DoUars. 41,789,620,96 49,565,824.38 58,187,511.87 39,582,125,64 49,056,397,62 69,059,642,40 102,316,162,99 84,928,260,00 179,046,651,58 176,417,810,88 164.464.599.56 180,048,426.63 194,538,374.44 206,270,408.05 216,370,286,77 188,089,622,70 163,103,833.69 157,167,722.35 148.071.984.61 130,956,493.07 130,170,680.20 187,250,047.70 186,522,064.60 198,169,676,02 220,410,730.25 214,706,496.93 195,067,489.76 181,471,939,34 192,905,023,44 217,286,893,13 219,091,173, 68 223,832,741.69 229.668.684.57 219,522,205.23 177,452,964.15 208,365,016.73 181.818.630.62 162,158,617,45 160,021,751,67 176,564,126.65 149,575,062,35 206,128,481.75 233,164,871.16 238,585,455,99 254,444,708.19 Expenses of collecting, c DoUars. 2,903,336.89 3,407,931,77 3,337,188,15 2,848,455.84 3,276,560.39 8,181,026.17 4,192,682,43 5,415,449,32 5,842,469.99 5,763,979.01 7,641,116.68 6,388,082.81 6,233,747.68 6,668,350,61 6,950,173,88 7,077,864,70 7,321,469.94 7,028,621.80 6.704.858.09 6,601,037.67 6.826.974.82 5,477,421.52 6,028,253.53 6.383.288.10 6,506,359.26 6,593,509.48 6,709,485.76 6,494,847.29 6,427,612,67 6,855,801,74 7,156,187,77 7,030,487.00 6,859,986.09 6,964,367.09 6,646,276.06 6,756,790.98 6,791,872,86 6,736,690.92 7,237,796,40 7,075,372,05 7,152,276.68 7.861.562.83 7,467,692,48 7,713,418.82 7,967,472,89 Per cent. 6.94 6,85 6,27 7.18 6.67 4.60 4.09 6.89 2.98 3.26 4.65 2.99 8.20 8.18 8.21 8.76 4,49 4,47 4,53 ' 4.96 4.47 3.96 3.23 3.22 2.95 8.07 3.44 3.58 3,83 3.16 8,27 3,14 2.98 3.17 3.74 8.32 5,15 4,43 4,52 4,01 4,78 3,57 8,06 3.28 3,13 a Based on warrants issued, b The cost of collecting the internal revenue embraces the following items: Salaries and expenses of collectors, including pay of deputy collectors, clerks, e t c , and including expenses incident to enforcing the provisions of law taxing oleomargarine; salaries and expenses of revenue agents, surveyors of distilleries, gaugers, storekeepers, and miscellaneous expenses; paper for internal-revenue stamps, and expenses of detecting and punishing violations of internal-revenue laws. cThe expenses of collecting the revenue from customs includes all sums drawn from the appropriation made by Congress for that purpose. The money is expended for s.alaries, rents, labor in weighing, gauging, and measuring imported merchandise, revenue boatmen, repairs, and other expenses incident to rented buildings, stationery, and the traveling expenses of special agents, but does notiiiclude expenditures for revenue cutters, fuel, lights, water, furniture, janitors, etc., for buildings owned by the Government, nor expenditures for erecting new buildings, all of which are paid for from specific appropriations made for those purposes. The expenses of collecting internal and customs revenue do not include the expenditures for salaries, etc., incident to auditing these accounts in the Departments at Washington. dNodata. TABLE I.—STATEMENT SHOWING T H E . R E V E N U E S AND EXPENDITURES OP THE GOVERNMENT BY MONTHS; THE LEGAL-TENDER NOTES, N E T GOLD, AND AVAILABLE CASH IN THE TREASURY AT THE END OF EACH MONTH; THE MONTHLY REDEMPTION OF LEGAL-TENDER NOTES IN GOLD, AND THE IMPORTS AND EXPORTS OF GOLD, PROM JANUARY, 1879, TO J U N E , 1902, INCLUSIVE. Expenditures, excluRevenues, sive of postal, exclusive of principal of postal. debt, and premium. Month. 1879—January February i March April May June , Surplus revenues. $20,757,406 19,344,163 20,750,080 19,786,565 27,232,288 25,562,892 $32,478,888 a $11,721,482' 1,449,139 17,895,024 a 760,803 21,510,883 18,042,282 1,744,283 26,694,264 537,924 20,030,982 6,631,910 137,368,329 134,058, 842 3,809,987 — 723,768 883,496 521,394 171,283 861,029 628,968 827,580 809,648 326,695 108,369 000,101 621,089 45,029,627 25,504,087 23,194,771 19,984,917 23,920,051 16,354,599 28,152,650 20,045,82113,320,440 18,333,183 14,382,225 21,311,525 a 19,305,859 1,879,409 3,326,623 7,186,366 • 940,978 . 8,274,369 1,674,930 7,768,827 17,006,255 11,770,186 14,617,876 6,309,564 Total for 12 months 333,526,611 264,847,637 68,678,974 35,532,121 23,487,616 18,386,706 21,995,004^ 21,924,410 19,657,441 28,087,306 16,756,476 20,558,547 21,546,876 21,692,689 14,291,767 a 1,011,108 9,876,433 11,715,129 6,100,205 3,688,557 8,349,280 1,017,707 10,783,096 8,935,761 9,261,403 10,189,Oil 15,978,439 259,651,639 101,130,654 Total for 6 months . July.. August September October November December 1880—January February March April May...'. June . July August September October November December 1881—January February March April' May. June ' Total for 12 months 521,013 864,049 101,835 095,209 612,967, 006,721 055,018 539,571 494,308 807,779 881,650 265,206 360,782,293 Available Legal-tender Legal-tender Net gold cash balance, notes notes in Treasury. including redeemed in Treasury. in gold. net gold. $30,579,531 $116,674,227. $336,449,861 44,494,973 116,886,279 428,961,460 50,684,669 117,162,166 405,411,570 39,539,823 118,809, 680 482,746,838 61,670,442 121,300,140 475,!663,096 45,036,904 119,956,655 379,542,919 23,541,466 36,222,606 18,933,254 17,327,567 16,388,454 12,57.0,494 11,614,562 15,054,093 15,760,081 17,489,280 18,183,020 18,785,559 120,320,583 126,537,690 154,763,795 157,140,114 147,247,977 146,194,182 143,340,027 136,995,458 135,766,651 130,726,640 120,699,196 118,181,527 245,608,019 212,035,932 202,957,575 203,411,712 193,147,767 192,297,126 190,203,772 188,960,589 193,084,807 191,789,678 193,998,696 188,670,884 19,024,124 20,444,849 17,263,613 13,793,993 11,124,937 8,761,818 10,551,616 14,566,601 14,773,198 14,672,086 16,062,305 18,554,092 115,274,646 120,018,180 127,764,738 133,278,263 143,981,139 150,213,716 148,052,809 166,808,858 167,639,263 164,358,554 157,898,879 157,412,141 186,190,329 189,613,598 186,802,191 181,042,437 180,921,571 184,354,528 180,848,308 208,099,302 205,791,774 204,622,204 204,144,327 213, 635,823 Imports of gold. Exports of gold. $1,571,725 909,249 952,776 699,773 1,339,883 2,503,302 $274,707 137,386 188,500 170,894 185,225 143,338 $346,096 115,513 76,985 426,310 350,008 1,441,060 7,976,698 1,100,050 .•2,755,967 954,800 981,400 603,485 740, 295 77.499 122, 359 71.500 72,080 43,020 16,000 51,000 47,200 251,381 6,723,813 27,528,082 19,178,631 17,423,834 6,562,650 795,568 464,473 892,180 166,432 123,580 648,272 849,779 350,664 • 132,448 285,826 105,999 134,768 226,205 149,612 1,166,679 89,192 106,497 641,361 3,780,638 0,758,396 3,639,025 25,000 22,000 150,COO 9,000 12,000 25,000 16,000 13,750 271,750 244,330 9.145.390 18,846,998 16,256,058 9.555.391 16,506,026 4,739,902 577,478 7,169, 774 15,351, 980 1,815,777 322,155 100,081,269 CO <Ji 61,886 90,909 80,914 169,871 220,759 158,574 30,415 271,379 160,786 88,593 614,498 616,548 2,565,132 fed fa fa O fed o W fa fa"^ o fa. 00 fa •^ 1—1. (X) O to July....... August September. October November. December. 1882—January . . . February.. March...... April May June Total for 12 months . July August September. October November. December .' -January February.. March , April , May June Total for 12 months . July August September. October November. December. 188^^—January... February.. March April.. May June Total for 12 months . July August September. October November. December . 896,016 537,864 125,621 910,843 703,605 695,316 150,162 916,324 815,909 468,580 128,081 786,789 84,471,542 25,135,462 16,421,052 23,260,892 20,051,328 16,296,797 24,370,271 22,073,826 14,871,444 21,245,558 27,157,422 16,459,073 a 575,526 12,402,402 17,704,569 12,649,951 8,652,277 14,398,519 8,779,891 8,842,498 18,944,465 13,223,022 8,970,659 15,327,716 403,525,250 257,981,440 145,543,810 149,163,355 19,099,910 164,098,402 19,870,869 169,122,025 19,025,132 167,785,609 18,206,769 173,025,684 17,411,078 167,429, 348 16,452,800 • 17,384,394 159,972,569 168,585,554 18,256,850 161,290,437 17,446,415 149,997,982 17,637,824 19,873, 690 148, 932,626 143,477, 370 21,425,589 201,544,433 199,900,146 204,520,280 191,888,136 198,806,619 199,614,433 190,533,247 197,166,334 198,137,431 194,050,480 191,861,776 195,892,419 40,000 40,000 750,852 5,427,196 10,660, 641 8,295,490 3,059,202 2,728,178 1,134,040 468,825 839,566 551,301 204,626 257,142 112,861 178,648 148,166 176,941 97,124 108,084 102,219 7,231,393 3,228,840 2,342,449 13,289,404 5,572,251 34,377,054 32,587,880 162,202 424,878 1,135,799 3,835,410 2,241,787 2,146,952 1,309,639 291,Oil 3,244,859 2,311,351 232,015 398,246 4,754,422 1,637,212 229,849 104,616 52,725 175,699 34,000 745.715 284,180 2,050,215 935,106 597,149 17,734,149 11,600,888 100, 132, 196,345 132,530 403,368 436,969 153,766 3,411,157 12,224,135 21,047,525 2,711,864 131,105 00 36,338,726 39,862,619 36,847,587 32,162, 383 30,199,652 80,416,578 32,045,466 28,662,177 32,306,235 26,164,511 31,439,594 34,373,966 29,417,846 29,668,245 21,488,119 20,977,505 24, .596,228 16,554,913 22,217,007 24,663,250 24,291,289 26,790,120 27,258,533 16,012,334 6,920,880 10,194,374 15,359,468 11,184,878 5,603,424 13,861,665 9,828,459 3,898,927 8,014, 946 a 625, 609 4,181,061 18,361,632 398,287,582 265,408,138 132,879,444 000,813 188,202 143,701 037,269 309,742 030,279 820,145 406,013 070,739 309,812 371,894 932,088 37,609,830 26,175,668 14,427,989 21,976,111 25,598,046 12,055,437 19,950,931 25,306,612 12,146,297 23,938,337 19,771,318 16,116,114 a 5,609,017 5,012,534 15,715,712 9,061,158 711,696 12,974,842 7,869,214 2,099,401 15,924,442 3,371,475 10,600,576 10,815,974 348,519,870 244,126,244 104,393,626 29,273,994 31,366,509 29,229,119 26,189,428 22,235,568 22,835,045 33,669,398 27,694,326 17,173,912 23,345,061 21, 374, 428 21,856,261 a 4,395,404 8,672,183 12,055,207 2,844,367 861,140 978,784 22,749,590 24,068,941 21,408,158 19,854,196 20,756,392 18,879,395 21,162,237 21,614,817 20,413,561 20,919,623 21,681,825 23,438,839 140,062, 590 194,192,970 195,469,614 144,311,881 147,831, 667 198,541,173 203,642,801 148,435,473 207,509, 753 144,809,314 204,969,309 131,989,7.58 200,045,520 125,648,195 186,218,388 135,107,161 141,308,204 •191,553,558 185,555,568 139,439,242 180,529,237 133,718,103 197,177,342 138,271,198 75,000 75,000 24,747,646 25,736,766 25,324,420 24,568,037 25,509, 644 25,164.249 . 25,32i; 189 27,683, 632 30,949,652 30,845,833 27,701,841 27,993,802 29,562,990 26,573,554 20,894,873 16,172,172 9,625,683 11,739,575 a Excess of expenditures. 142,705,435 149,625,435 151,115, 603 157,353,760 157,235,708 155,429,599 144,350,736 144,038,203 142,259, 357 139,624,821 142,206,908 133,729, 954 119,048,061 122,465,717 130,514,382 134,670.790 138,015; 071 141,688,482 201,122,999 199,090,.167 203,175,412 204,491,640 198,122,405 198,698,241 204,184,200 199,102,212 206,510,463 206,087,499 200,985,324 200,764,698 193,111, 148 195,657,070 204,247,262 203,537,189 194,624,455 192,198,215 180,000 429,754 1,977,3-54 2,233,272 4,261,430 4,363,818 1,003,212 525,413 422,304 903,201 3,010,429 1,626,531 2,074,599 590,000 22,831,317 100,000 120,000 2,283,103 2,758,300 1,477,672 2,451,402 8,192,904 2,231,799 380,000 30,000 169,106 175,619 77,350 192,533 443,529 220,557 fa O fed fa fed Kl fa H fed fa t> CO d fed CO CO TABLE I.—STATEMENT SHOWING THE REVENUES AND EXPENDITURES OP THE GOVERNMENT BY MONTHS, ETC.—Continued. Month. 1885—January ., February. March April May June Total for 12 months . July August September. October— November. December . 1886—January February.. March April May' June Total for 12 months . July . August September. October November. December . 1887—January February.., March April May June Total for 12 months ExpendiexcluRevenues, tures, of postal, exclusive of sive principal of postal. debt, and premium. Surplus revenues. $25,872,129 24,093,399 26,310,735 26,063,927 28,709,136 27,157,016 $21,160,424 19,222,957 24,844, o30 26,684,586 23,597,525 15,255,658 $4,711,705 4,870,442 1,466,105 a 620,659 5, 111,611 11,901,358 823,690,706 260,226,935 63,463,771 33,683,234 23,792,525 16,013,054 21,533,673 28,584,936 15,032,713 22,753,131 22,205,315 13,981,676 21,052,775 17,856, 327 21,690,993 a 6,915,941 4,271,736 13,957,972 7,339,232 1,796,228 10,724,989 1,984,727 3,766,679 16,094,492 5,818,815 10,395,897 10,819,627 336,439,727 242,483,138 98,956, 589 686,971 195,326 686,702 588,498 576,103 622,815 395,921 773,878 358,165 076,657 834,282 070,985 29,403,Oil 28,908,867 20,583,192 23,474,961 25,657,709 18,483,715 23,384,902 25,485,121 21,627,371 20,229,703 22,409,349 14,959,888 233,960 8,286,459 11,103,510 6,063,537 1,918, 394 10,139,100 5, Oil,019 4,288,757 11,730,794 9,846,954 11,424,938 18,111,097 871,463,278 267,932,180 103,471,098 767, 293 064,261 971,026 872,905 881,164 757,702 737,858 971, 994 076,168 871,590 751, 724 510,620 Available Legal-tender Net gold cash balance, notes in Treasury. including in Treasury. net gold. Legal-tender notes redeemed in gold. $13,873,469 18,726,822 20,473,288 21,465,690 .23,492,109 15,462,879 $125,187,595 $194,554,277 199,744,172 127,346,553 125,793,2.57 199,386,144 200,536,203 117,927,395 115,810,588 205,713,201 120,298,895 217,198,975 $460,000 215,000 995,000 16,998,997 24,793,656 27,944,332 27,550,341 25,785,643 27,941,200 33,300,889 32,277,292 30,289,485 26,088,774 26,289,098 22,868,817 126,078,596 126,371,928 133,113,324 142,838,589 146,391,486 147,991,809 136,086, 610 144,164,038 151, 379,525 155,865,308 156,304,709 156,793,749 215,350,735 219,646,977 233,206,722 248,565, 741 245,769,440 257,887,815 265,217,967 265,914,243 275,765,409 278,849,307 281,911,856 287,513,959 21,939,142 35,579, 647 36,719,081 30,967,305 29,548,188 23,169,326 24,283, 682 25,689,202 21,159, 938 20,225,474 .21,767,876 20,013,797 158,938,205 157,782,289 157,917,211 158,537,179 163,930,220 170,912,414 168,475.361 175,130,262 181,939,848 180,902,431 186,667,774 186,875,669 383,393,146 281, 514,029 279,844,031 278,970,868 274,182,628 279,521,562 281,584,675 279,779,423 282,878,549 286,028,531 291,144,324 304,316,868 332,000 I m p o r t s of gold. $2,074,923 1,887,065 1,756,597 782,533 564,735 229,763 26,691,696 00 E x p o r t s of gold. $1,446,826 1,635,828 833,082 1,157,995 1,393,975 741,992 8,477,1 464,500 • 105,200 91,900 48,300 85,300 180,200 63,500 126,200 647,800 '514, 600 1,754,100 2,832,099 •588,412 733,907 2,986,116 1,323,811 5,096,358 5,620,191 1,705,841 986,384 840,837 350,751 248, 650 262,691 1,329,570 359,317 151, 568 139,120 438,460 1,789,974 2,581,674 5,654,309 9,920,761 4,812,256 7,395,039 8,380,143 6,863,699 20,748,849 42,952,191 1,296,339 1,446,269 239,200 173,200 146,000 110,200 104,600 125,640 174,250 142,230 175,825 90,320 582,052 4,958,557 4,994,609 5,412,995 9,310,607 11,655,807 3, 535,928 143, 611 577, 965 329,278 903,939 ° 505,258 1,175,811 130,765 808,360 264,012 355,245 305,347 628,993 1,677,397 2,444,926 1,494, 246 296,269 620,316 4,224,073 42,910,601 9,701,187 fed fa fa o fed o H W fa fa hH o fa QO July August September October November December 1888—January February March April May June Total for 12 months July August September October November December 1889—January February March April May June.... Total for 12 months July August September October November ' December 1890—January • February March April May Jurie Total for 12 months July August September October November December 80,814,872 35,619,116 33,859,806 31,808,172 29,128,568 29,059,804 30,773,207 31,151,931 28,867,873 29,851,790 32,918,202 32,490,777 35,136,924 28,252,786 17,027,786 19,711,467 28,875,989 12,980,554 21,866,896 19,898,468 16, 621,207 24,418,972 25,076, 375 15,212,079 a 4,322,052 7,366,330 16,832,020 12,091,705 752,579 16,079,250 8,906,311 11,258,468 12,246,666 6,482,818 7,841,827 17,278,698 379,266,075 259,653,959 119,612,116 31,204,898 34,623,181 31,698,174 31,966,204 28, 590,107 30,160,263 34,077,696 30,188,160 • 31,013,991 31,458,799 35,773,199 32,757, 908 85,983,765 22,812,916 14,824,580 28,091,756 35,553,665 14,964,389 25,902,351 82,933,380 16,773,339 20,576,029 23,978,333 13,527,113 a 4,778,867 11,810,265 16,873,594 3,874,448 a 6,963,558 15,195,874 8,175,345 "2,800,220 14,240,652 10,882,770 11,794,866 19, 280,795 387,050,059 281,996,616 105,053,443 31,886,200 34,470,905 31,416,291 32,492,608 80,716,967 29,595,504 34,661,158 30,866,218 34,778,181 34,017,041 35,443,552 37,546,892 41,700,438 84,530,869 14,190,018 26,307,260 23,169,459 23,191,021 25,772,4.55 24,103,794 15,540,141 29,234,006 26,422,413 14,641,388 a 9,814,238 a 59,954 17,226,273 6,185,348 7,547,508 6,404,483 8,888,703 6,762,424 19,238,040 4,783,035 9,021,139 22,905,509 403,080,988 297,736,487 105,344,496 37,999,466 33,906,909 36,783,335 39,222,174 28,678,675 31,106,165 36,694,820 32,624,992 26,740,838 85,690,721 40,460,338 18,043,079 1,304,646 1,281,91^ 10,042,502 3,531,458 a 11,781,663 13,063,086 19,633,740 186,306,330 21,157,539 193,274.194 192,717,947 17,610,212 202,859,832 15,261,067 211,880,526 16,318,220 208,608,130 15,424,425 202,955,184 18,015,469 212,869,914 22,267,087 218,818,253 24,170,623 213,239,994 28,491,614 200,301,129 >33,928,200 87,983,204 • 193,866,247 291,986,110 290, 746,562 289,063,662 296,071,378 295,527,449 312,105,882 321,585,692 329,595,323 841,167,639 341,408,408 327,846,974 335,627,012 194,592,280 39,825,740 206,'383,035 41,580,393 40,628,963 . 197, 713,116 191,074,575 36,813,320 35,202, 956 199,339,134 203,885,219 30,875,860 194,655,264 29,446,498 196,245,980 29,300,611 197,874,422 25,051,231 191,589,112 23,770,137 192,252,715 27,790,387 186,711,560 29,601,085 331,612,468 333,528,534 321,637,944 295,388,421 274,748,209 283,955,835 281,795,807 266,404,441 273,679,979 272,025,039 275,109,610 287,531,010 30,364,366 32,325,935 21,170,2-58 17,803, 501 14,819,022 6,673,925 7,606,224 9,593, 865 6,919, 657 7,209,411 9,892,799 11,804,190 182,218,164 180,654,670 189,196,423 187,572, 386 187,496, 672 190,833,0.52 177,386,285 187,988,948 185,287,715 186,235,572 190,544,854 190,232,405 274,000,688 251,773,370 254,206,227 248,512,485 242,633,405 233,524,103 228,835,040 229,309,201 228.689,876 227,213,755 228,336,445 245,612,464 12,163,412 12,806,810 6,737,790 7,834,912 6,874,864 5,389,348 184,092,074 185,837,581 147,981.732 156,315,624 162,439,381 148,972,935 234,069,918 215,907,111 179,120,347 175,131,439 164,386,294 163,242,409 2,177,752 115,700 149,820 ^ 5,978,776 135,160 14,089,274 43,790 12,889,682 46, 390 1,952,598 86,220 1,805,248 19,250 395,471 30,924 I,014,068 14,021 2,270,840 38,'950 748,164 49, 371 319,279 13,000 293,170 495,776 241,961 175,917 312,603 390,136 365,986 624,290 1,667,018 2,113,610 968,087 7,876,774 8,164,276 692,596 43,934, 317 18,376,284 78,990 69,363 22,433 57,071 30,226 51.582 31,350 16,407 19,240 14,800 139,369 199,312 847,046 207,843 . 1,275,356 1,222,189 1,960,847 906,500 649,006 817,400 680,859 805,753 753,894 658,665 8,829,852 191,180 323,425 686,472 5,376,262 7,725,851 1,197,080 1,478,208 4,392,584 3,176,014 13,445,038 18,130,874 780,143 10,284,858 59 952,286 79,936 16,475 12,124 370,028 18,698 41,809 111,295 10,893 9,513 19,464 30,164 11,987 856,382 497,927 2,409,691 796,988 1,778,767 1,304,850 1,059,837 1,476,433 1,622,432 478,358 280,902 385,830 5,281,786 420,176 289,58Q 2,233,463 675,742 312,920 460,969 1,170,690 1,456,824 1,052,355 288,620 3,731,366 732,386 12,943,342 17,274,491 CO a Excess of expenditures. 45,220 19,740 12,650 11,520 24,878 31,954 1,195; 054 1,724,565 1,425,632 2,621,638 1,926,401 6,038-, 013 11,860,029 2,135,858 281, 627 425,235 . 567,152 632,854 fa Q fed fa S O fa w fa fed fa oo d fed CO .CO TABLE I.—STATEMENT SHOWING THE REVENUES AND EXPENDITURES OP THE GOVERNMENT BY MONTHS, ETC.—Continued. Expenditures, excluRevenues, sive or postal exclusive of principal of postal. debt, and premium. 1891—January February March April May June Total for 12 months July August September October November December 1892—January February March April May Tune Total for 12 nionths July August September October •. November December 1893—January February March April May June Total for 12 months Surplus revenues. $36,810,233 29, 273,173 29,027,455 25,465,232 27,289,806 31,631,850 $21,479,968 29,445,669 29,062,737 23,791,108 27,690,327 33,628,103 892,612,447 355,372,685 37,239,762 34,158,245 28,773,981 27,165,554 28,448,562 26,802,888 27,646,516 80,383,479 30,698,945 29,836,606 26,971,224 28,228,398 30,958,618 38,100,294 19,537,484 22,267,038 30,650,811 26,156,048 80,424,728 34,175,350 25,962,726 27,784,217 30,059,632 31,732,794 27,922,412 a 3,942,049 9,236,497 4,898,516 a 2,202,249 646,840 a 2,778,212 "3,791,871 4,736,219 2,052,389 a 3,088,408 "3,504,396 3,036,206 354,937,784 345,023,330 84,814,356 33,479,059 31,797,629 31,288,540 28,739,895 33,066,964 35,003,052 29,698,142 34,115,810 28,415,368 30,928,858 80,717,102 36,333,977 31,440,254 28,192,423 31,187,962 29, 640,778 33,460,000 88,351, 452 30,866,273 31,633,482 33,238,886 30,210,787 28,775,469 3^5,819,629 383,477,955 $15,330,265 a 172,496 a 35,282 1,674,124 "401,021 a 1,996,253 Available Legal-tend er Legal-tender Net gold cash balance, notes notes redeemed in Treasury. in Treasury. including net gold. in gold. 2, 841,674 Exports of gold. $10,697,802 $141,728,097 $174, 983,938 10,685,586 149,712,824 168,395,989 4,677,045 148,118,150 163,915,855 5,207,344 141,742,241 161,718,803 9,177, 337 133,207,164 158,886,719 11,866,996 117,667,723 153,893,809 $47,229 41,493 66,399 41, 055 2,288,479 3,355,458 $1,397,918 565,304 614,170 233,818 212, 648 282,906 $728,246 4,010,146 5,155,736 14,163,116 30,580,760 15,822,400 6,070 18,282,567 86,362,654 10,833,409 121,113,024 155,783,717 14,467,265 160,274,395 132,471,409 9,150,717 132,523,222 144,987,969 5,613,813 139, 671,919 127,674,422 5,528,073 139,126,919 129,193,224 5,679, 710 130,740, 681 134,574,129 5,338, 384 119,574,905 131,368,461 4,716,987 132,162,204 122,122,113 4,932,842 125,815,040 132,898,884 3,412,075 . 119,909,757 131,518,162 4,821,028 114,231,883 126,005,887 8,696,590 114,342,367 126,692,377 1,835,912 297,633 242,820 763,059 406,094 317,966 312,053 476,200 732,731 696,726 622,123 2,422,526 1,029,148 1,394,755 7,451,428 16,897,947 8,871,717 6,018,85] 552,014 2,826,962 3,084,406 487,041 591,159 494,026 6, 662,674 172,168 345,290 809,595 381,949 254,501 246,466 6,507,180 6,309,956 7,521,823 • 3,854,222 17,129,503 9,125,843 49,699,454 50,195,327 9,234,705 6,140,874 4,087,799 598,865 698,146 10,237,812 11,496,617 13,828,664 4,926,4'53 20,051,910 16,547,849 4,250, 651 542,440 333,282 1,303,586 3,118,330 2,577,212 1.540.538 370,843 1.257.539 6,608,437 803, 985 1,708,557 1,009, 682 10,782,638 6,049,981 3,627,663 484,250 1,138,647 12,879,727 12,584,396 14,245,607 8,113,428 19,148,964 16,914,817 2,711, 226 9,914,454 "2,019,621 2,038,805 3,605,206 100,578 " 900, 883 " 398,086 " 3,348,400 " 1,168,131 2,482, 328 "4,823,518 718,071 1,941,633 Imports of gold. o o 11,918.607 12,191,147 12,270,343 6,094,592 6,597,293 11,353,443 16,556, 021 18,676,514 19,751,069 21,324,574 21,388,384 20,398,866 110,444,391 114,156, 316 119,395,509 124,206,120 124,409, 657 121,266, 663 108,181,713 103,284,219 106,892,224 97,Oil, 330 95,048,641 95,485,414 127,050, 286 129,152, 343 131,895, 918 131,011,402 130,328,919 129,092,590 125,265, 067 124,128,088 125,630,728 121,482, 903 121,565,155 122,462,290 102,100,345 21,174,381 108,680,844 fed fa fa o .fed o "^ W fa o fa July August September October November December 1894—January February March April May June 89,675,889 33,305,228 25,478,010 29,588,792 81,302,026 30,058,261 31,309,670 26,725,374 31,137,560 32,072,836 29,779,141 25,557,021 "8 770,113 "9,414,343 "895,254 "5,035,397 "7,322,625 " 7,746,234 "7,226,931 "4,456,075 " 6,294,762 "9,380,472 " 6,712,147 928,905 297,722,019 867,525,280 "69,803,261 34,809,340 40,417,606 22,621,229 19,139,240 19,411,404 21,866,137 27,804,400 22,888,057 25,470,576 24,247,886 25,272,078 25,615,474 36,648,583 31,656,637 30,323,019 32,713,040 28,477,189 27,135,461 34,523,447 25,696,035 25,716,957 32,990,676 28,558,214 21,683,029 "1,839,243 8,760,969 " 7,701,790 "13,573,800. " 9,065,785 " 5,269,324 " 6,719,047 "2,807,978 "246,881 "8,742,840 "3,286,136 3,932,445 313,390,075 356,195,298 "42,806,223 38,548,064 32,.588,185 24,320,482 34,503,425 27,199,283 25,814,317 32,529,341 26,749,956 27,274,994 28,987,382 28,426,593 25,444,789 "9,478,366 "3,635,488 3,229,196 "6,601,677 "1,212,780 474,621 "3,291,671 " 690,728 "1,233,845 "4,704,489 "3,782,875 2,349,430 1 326,976,200 352,179,446 " 25,203,246 29,029,209 1 25,562,097 24,584,245 26,282,830 1 25,210,696 ' 25,857,114 42,088,468 35,701,677 26,579,535 83,978,277 33,260,720 23,812,665 "13,059,259 " 10,139,580 "1,995,290 " 7,695,447 "8,050,024 2,044,449 30,905,776 28,890,885 24,582,756 24,553, 395 28,979,401 22,312,027 24,082,739 22,269,299 24,842,798 22,692,364 23,066,994 26,485,926 Total for 12 months July August September October November December 1895—January February March.."^ April May June t : 1 ; ,. Total for 12 months July August September October November December 99,202,938 96,209,123 93,582,172 84,384,863 82,959,049 80,891,600 65,650,175 106,527,068 106,149,136 100,202,209 78,693,267 64,873,025 117,887,566 107,283,910 106,875,632 102,294,291 95,199,616 90,375,555 84,082,098 138,662,864 133;950,026 125,097,787 117,854,335 117,584,437 42,950,390 52,439,842 53,756,428 40,586,483 39,039,691 63,284,108 85,627,989 84,223,215 81,792,746 69,736,082 61,587,457 56,276,252 54,975,607 55,216,900 58,875,317 61,361.827 105; 424; 569 86,244,445 .44,705,967 87,085,511 90,643,307 91,247,145 99,151,409 107,512,368 119,065, 351 127,148,096 119,919,718 107,340,146 144,507,606 153,337,579 144,603,302 178,197,587 187,917,260 180,817,916 185,370,101 195,240,153 49,897,588 57,647,881 •79,107,454 77,520,347 .90,156,477 106,264,654 99,113,271 104,042,173 112,284,848 108,549,890 120,993,035 128,855,577 107,236,487 100,329,837 92,911,974 92,943,180 79,333,966 63,262,268 49,845,508 123,962,980 128,646,461 125, 393,900 108,345,234 101,699,605 187,149,532 184,039,157 185,405,365 179,947,999 177,406,386 178,027,200 171,591,780 262,707,207 271,641,748 270,090,662 267,193,210 267,432,097 102,i25,226 111,800,038 98,868,949 96,535,206 75,*034,912 70,628,317 110,718,746 100,957,561 124,034,672 117,126,524 131,510,353 137,316,544 256,158,473 243,346,401 241,154,457 233,572,762 225,357,098 228, 320, 380 1,036, 015 2,348,222 340,727 695,392 516,372 517,418 356,356 19,193,354 3,461,192 7,666,127 26,941,082 22,169,893 5,950,613 41,572.031 6,678,945 1,583,937 4,471,.576 746,245 705,647 2,140,982 1,091,892 2,821,661 4,282,743 903,848 174,212 949,502 1,486,862 511,018 331,743 2,654,545 1,279,437 3,209,317 4,020,633 11,723,771 27,406,801 23,280,220 84,842,150 72,449,119 76,978,061 CO Total for 12 months. July August September October N ovember December 1896—January February March April May June. 18,943,822 13,899,705 8,746,951 4,380,594 4,890,567 6, 289,086 4,682,696 17,227,906 14,953,122 16,754,286 29,445,979 36,696,058 29,069,698 28,952,697 27,549,678 27,901,748 25.986,503• 26,288,938 29,237, 670 26,059,228 26,041,149 24,282,893 24,643,718 27,794,219 " Excess of expenditures. 13,923,875 4,741,413 936, 513 3,047,890 7,799,747 31,907,221 45,117,738 5,560,952 1,089,085 1,017,571 1,166,492 1,046,196 1,487,872 3,280,431 708,924 1,676,499 1,981,772 433,822 1,299,665 5,706,695 7,861,916 6,097,369 5,051,016 2,299, 279 14,239,878 5,120,939 241,029 1,082,814 430,999 9,803,855 26,205,260 1,565,194 3,135,219 2,919,965 1,587,781 135,548 fa a 117, 354,198 36,384,760 66,468,481 3,826,795 16,564,067 17,377,434 2,166,888 16,034,590 20,212,695 16,448,508 21,736,876 6,856,546 7,130,618 22,039, 547 8,261,347 743,134 1,663,586 928, 391 2,011,059 818, 617 1,420,665 10,646,952 11,659,097 756,616 1,275,168 711,774 995,006 3,867,518 16,670,501 17,429,949 1,887,707 14,074,257 15,488,503 10,571,528 2,190,801 402,020 3,787,692 19,110,985 6,928,536 fa; H 158,655,956 33,525,065 112,409,947 17,285,078 12,369,725 4,661,446 12,073,835 4,062,410 1,131,846 1,667,986 4,289,538 •34,347,009 28,193,769 7,487,300 2,801,044 11,931,436 1, 972,544 93,555 368,007. 468,010 481,826 fed' fa >fed Kl' o fa; fed. fa d fedKl: TABLE I.—STATEMENT SHOWING T H E REVENUES AND EXPENDITURES OP THE GOVERNMENT BY MONTHS, ETC.—Continued. Expenditures, excluRevenues, sive of postal, exclusive of principal of postal. debt, and premium. Month. 1897—January February March April May June : Total for 12 months July. August September October November December 1898—January February March April May June '.. Total for 12 months July August September October November December 1899—January February March April May June Total for 12 months Surplus revenues. $24,316,994 24,400,997 86,217,662 37,812,135 29,797, 391 36,584,708 $30,269, 389 "$5,952,895 "4,395,060 28,796,057 27,212,998 9,004,664 32,072,097 5,740,038 29,109,259 688,132 22,984, 695 18,650,013 347,721, 705 865,774,160 "18,052,455 39,027,364 19,023,615 21,933,098 24,391,415 43,363,605 59,646,698 37,333,628 28,672,358 32,958,751 83,012,943 30,074, 818 33,509,318 50,100, 909 33,588,047 25,368,816 33,701,51237,810,839 27,684,092 36,696,711 26,599,256 31,882,444 44,314,062 47,849, 909 47,852,282 "11,078,545 " 14,564,432 "3,435,718 " 9,810,097 5,552,766 32,012, 606 636,917 1,973,102 1,076,307 "11,301,119 "17,775,091 «14,342, 969 405,321,335 448,368,588 "38,047,248 43,847,109 41,782,708 39,778,070 39,630,051 38,900,915 41,404,794 41,774,930 87,979,333 67,030,240 41,611,587 44,786,014 47.126,915 74,263,475 56, 260,718 54,223,921 53,982,277 49,090,981 41,864,808 51,122,771 43,918,929 42,978,571 65,949,106 40,518,005 81,882,762 "30,416,366 " 14,478,010 " 14,445,851 " 14,352,226 " 10,190,066 "460,014 "9,347,841 " 5,939,696 14,051,669 "24,337,519 4,278,009 15,744,153 515,960,620 605,072,180 "89,111,560 Available Legal-tender Legal-tender Net gold cash balance, notes notes in Treasury, including redemed in Treasury. net gold. in gold. $48,509,678 41,425,059 50,593,846 53,480,538 61,188,187 67,929,521 64,806,457 58,500,670 63,578,689 46,952, 343 88,974,898 43,789,433 • 28,617,220 40,291,680 45,381,277 34,820, 008 31,692,454 36,605,887 51,099,556 58,345,061 39,230,848 21,587,896 16,166,768 15,880;807 16,856,885 16,577,489 14,705,478 14,317,850 15,169,090 16,191,155 $144,800,493 $215,362,421 148, 661,209 212,887,256 161,786,464 222,045,606 153,340,890 228,090,517 144,319,563 230,113,813 140,790,788 240,137,627 233,016,457 140,817,699 218,561,207 144,216,377 147, 668,105 215,192,787 153,578,147 . 207, 756,100 220,663,560 157,363,851 235,474,769 160,911,547 223,871,786 164,236,793 225,564,204 167,623,182 226,166,944 174.584.136 215,810,622 181.238.137 195,754,815 171,818,055 205,657,571 167,004,410 189,444,714 217,904,485 243,297,543 239,885.162 241, 668,444 246,529,176 228,652,841 281,124,638 245,413,707 246,140,226 228,415,238 240,737,212 254,844,215 294,487,085 307,557,504 300,238,275 292,376,790 294,764,695 274,584,676 269,103,513 284,043,164 263,127,533 267,584,094 281,880,469 Imports of gold. o Exports of gold. $442,355 353,147 575,205 0, 631,216 9,468,471 7,625,808 $946,068 924,124 1,249,329 7,502,008 8,882,600 7,113,445 $943,306 830,180 1,439,439 97],506 951, 515 1,092,188 78,201,914 85,014,780 40,361,580 5,275,143 8,116,276 2,742,173 2,096, 301 2,110,416 2,019,399 1,209,916 1,635,813 1,583,770 1,165,907 548, 997 903,852 938,951 4,720,569 4,723,181 11,775,483 3,054, 089 2,582,405 6,493,414 6,162, 681 30,708,820 32,579,858 13,322,111 3,830,612 5,462,869 1,983,588 142,922 813,811 699,513 577,996 % 658,663 1,030,412 728,707 1,328,724 109,157 375,529 24, 397,963 120, 891, 674 15,406,391 4,091,067 613,762 443,871 347,578 658,258 2,674,754 4,237,722 8,001,905 2,843,753 1,781,270 2,725,378 2,737,952- 2,641,668 15,296,811 16,808,341 16, 738,353 5,324,601 8,757,182 6,392,344 5,148,906 3,187,575 2,482,871 3,070,265 3,105,686 1,497,013 1,955,908 3,102,810 1,.279, 926 913,467 1,219,638 1,755,451 '567,962 1,109,845 1,162,484 2,049,255 20,908,327 88,954,603 37,622,086 25,'652,265 fed fa fa O ?d O H d fa > M a fa oo July August September October November December 1900—January February March April May June Total for 12 months. July August September October November December 1901—January February March April May June , Total for 12 months July August September October November December 1902—January . .• February March April May June • Total for 12 months. "8,506,832 4,455,861 7,754,773 3,359,562 6,176,724 7,613,544 8,823,068 7,892,793 16,538,566 4,135,399 4,814,528 17,895,159 054,268 978,178 334,145 633,589 945,572 759,104 012,165 631,265 726,887 039,827 166,053 435,832 56,561,090 45,522,312 37,579,372 44,174,027 40,769,848 39,145,560 39,189,097 87,738,472 32,188,271 40,903,928 40,351,525 33,540,673 567,240,852 487,713,792 79,527,060 956,161 688,756 304,826 626,067 344,515 846,508 520,287 844,123 891,125 767,851 629,440 333,908 63,979,653 50,500,199 89,169,971 47,993, 638 41,278,661 40,204,622 40,109,707 38,880,636 40,762,862 41,968,246 42,136,561 33,045,147 " 4,024,492 "811,443 6,134,355 3,632,429 7,065,854 6,641,886 7,410,580 6,963,487 9,128,263 5,799,605 10,492,879 17,288,761 587,685,338 509,967,353 77,717,985 320,340 394,125 434,423 831,953 716,777 061,965 582,144 159,789 501,114 215,390 509,449 677,469 52,307,591 39,851,498 82,310,736 40,645,986 40,198,917 37,818,998 38,548,278 39,099,291 88,102,437 40,799,263 38,746,798 33,887,859 12,749 6,042,628 12,128,687 9,186,017 5,517,860 9,742,967 8,033,866 2,060,448 8,398,977 4,416,127 10,762,652 15,839,609 562,478,283 471,190,878 91,287,876 16,317,766 18.246.243 17,066,521 16,615,736 16,848,640 17,817,580 16.455.244 14,822,423 10,268,313 13,426,509 19,946,308 27,141,405 245,264,534 248,757,971 254, 328,820 252,223,797 239,744,905 286,909,230 218,613,617 232,225,336 248,358,064 229,461,962 218,857,545 220,557,185 274,844,167 279,852,872 287,695,613 289;391,540 286,216,440 283,595,453 292,490,973 298,362,824 306,792,996 296,117,548 295,783,530 305,705,655 26,781,125 26,661,394 20,468,514 11,680,495 II,408, 327 10,700,362 12,817,781 11,858,967 9,944,308 9,155,801 12,304,860 14,455,758 228,567,376 218, 268,969 230,131,162 242,670,175 243,235,735 246,561,322 221,183,644 231,150,064 249,046,644 246,767,053 244,432,246 248,605,794 299,859,366 285,419,696 288,204,878 287,005,082 289,176,791 290,107,336 293,012,973 298,915,149 308,443,522 306,494,208 812,338,469 326,833,125 18,973,412 12,837,975 8,732,369 7,949,374 7,437,299 5,670,893 11,088,847 11,455,896 10,069,052 8,662,329 8,700,602 12,586,518 249,955,831 258,456,786 251,635,354 259,346,494 257,539,887 262,800,534 239,040,401 238,821,209 244,858,050 242,945,286 246,554,393 253,801,291 327,368,877 329,971,356 819,919,880 325,655,697 317,010,665 821,603,279 324,796,646 325.361,866 327,856,289 334,739,983 846,350,229 362,187,861 2,208,091 2,076,548 1,105,220 888,828 I,225,020 1,837,112 3,191,438 1,590, 041 1,132,563 5,072,805 8,482,051 6,788,625 „ 2,606,467 2,099, 062 618, 995 379,752 264, 310 11,857,511 5,691,290 1,408,658 1,081,280 1,961,580 12,209,596 8,093,268 ^ 44,573,184 48,266,759 2,639,656 1,442,265 1,001,519 1,530,704 3,955,240 2,379,510 7,100,411 1,500.111 615;652 885,525 819,985 452, 533 11,263, 332 4,288,858 7,861,653 10,731,875 12,641,988 3,886,611 4,265.626 1,859; 274 2,520,455 2,249.038 I,772;834 3,260,743 3,272,739 18,084,988 806,672 441,962 677,207 410,533 8,221,169 416,812 490,269 4,916,965 10,101,177 6,344,844 24,223, 111 66,051,187 58,185,177 845,565 2,315,616 881,012 2,409,965 1,824,251 2,314,174 5,216, 580 1,139,411 272,793 377,005 . 460,553 700,255 4,076,113 3,490,528 11,905,431 9,138,638 7,481,678 2,791,522 1,405,787 I,696,967 2,636,313 1,864,767 1,497,053 4,086,457 2,875,120 150,861 163,362 4,066,747 16,292,500 4,744,123 1,973,675 8,665,480 4,482, 946 2,844,214 1,968,407 391,525 18,757,180 52,021,254 48,568,960 35,598,337 "Excess of expenditures, 2,895,469 5,391,411 2,593,894 8,542,254 2,904,043 5,620,246 1,992,692 1,911,116 1,921,036 8,388,813 3,688,634 8,728,576 , NOTE.—The revenues and expenditures by months are made up from partial reports, and, being subject to change by subsequent concentration of accounts, do not agree with t h e totals by years. The latter are the actual results, as shown by complete returns. fa o fed fa> >^> > fed' o fa! m fa fed^ fa' OD- d fed5 104 REPORT ON T H E FINANCES. TABLE J.—STATEMENT OF RECEIPTS OF THE UNITED c3 >< 1791 1792 1793 1794 1795 1796 1797 1798 1799 1800 1801 1802 1803. 1804 1805 1806 1807 1808 1809 1810 1811 1812 1813 1814 1815 1816 1817 1818 1819 1820 1821 1822 1823' 1824 1825 1826 1827 1828 1829 1830 1831 1832 1833 1834 1835 1836 1887 1838 1839 1840 1841 1842 1843" 1844 1845 1846 1847 1848 1849 1850 1851 1852 1853 1854 1855 1856 1857 1858 1859 1860 1861 1862 1863 1864 1865 Balance in the Treasury at commencement of year. Customs. $4. .899. 478. 09 $973,'905.'75 • 8 443 070.85 783,444.51 4 255 306.56 753,661, 69 4 801 065.28 1,151, 924,17 5 888 461.26 516,442. 61 6 567 987.94 888, 995,42 7 549 649.65 1,021,899.04 7 106 061.93 617,451.43 6 610 449.31 2,161,867.77 9 080 932.73 2,623,311.99 10 750 778.98 8,295,891.00 12 438 285,74 5,020,697.64 10 479 417.61 4,825,811.60 11 098 565.33 4,037,005.26 12 936 487.04 3, 999,388.99 14 667 698.17 4,538,123,80 15 845 521, 61 9,643,850.07 16 363 550.58 9,941,809,96 7 257 506.62 3,848,058.78 8 588 309. 31 2,672,276.67 13 313 222.73 3,502,80'5.80 8 958 777.53 3,862,217.41 13 224 623.25 .5,196,642. 00 5 998 772.08 1,727,848.63 7 282 942.22 13,106,592.88 36 306 874.88 22,083,519.19 26 283 348.49 14,989,465.48 17 176 385.00 1,478, 526.74 20 288 608.76 2,079,992.38 15 005 612.15 . 1,198,461.21 13 004 447.15 1,681, 592.24 17 589 761. 94 4,237,427,55 19 088 438.44 9,463,922.81 17 878 325.71 1, 946,597.13 • 20098 713.45 5,201,650.43 23 341 331.77 6,358,686.18 19 712 283.29 6,668,286.10 23 205 523.64 5,972,435.81 22 681 965.91 5,755,704.79 21 922 391.39 6,014,539.75 24 224 441.77 4,502,914.45 28 465 237. 24 2,Oil,777.55 29 032 508.91 11,702,905.81 16 214 957.15 8,892,858.42 19 391 310.59 26,749,803. 96 23 409 940.53 46, 708,436.00 11 169 290.3y 87,327,252.69 16 158 800.36 ,36,891,196.94 23 137 924.81 33,157, 503. 68 13 499 502.17 14 487 216. 74 29, 963,168.46 18 187 908.76 28,685,111. 08 30,521,979.44 7 046 843.91 39,186, 284. 74 26 183 570.94 36,742,829.62 27 528 112.70 36,194,274. 81 26 712 667.87 23 747 864.66 38,261,969.65 33,079, 276.43 81 757 070.96 29,416, 612.45 . 28346 738.82 32,827,082. 69 39 668 6S6.42 49 017 567. 92 85,871, 753.31 47 339 326.62 40,158,353.25 43,338,860.02 58 931 865.52 64 224 190.27 60,261,901.09 48,591,073.41 53 025 794.21 47,777,672.13 64 022 863.50 49,108, 229.80 63 875 905.05 46,802,855.00 41 789 620.96 35,113,334. 22 49 565 824. 38 33,193,248.60 53 187 511.87 32,979,530.78 39 582 125.64 30,963,857.83 49 056 397.62 46,965,304.87 69 059 642.40 36,523,046.13 102 316 152.99 134,433, 738.44 84 928 260.60 Internal revenue. STATES FROM MARCH 4, J U N E 30) Direct tax. Public lands. 1789, PROM Miscellaneous. $10,478.10 $208,'942.'8i 9,918.65 21,410. 88 337,705. 70 274,089.62 53,277.97 387,755. 36 28,317.97 475,289.60 1,169,415.98 $4,'836.'13 399,139.29 575,491.45 83,540.60 58,192.81 644,357.95 11,963.11 86,187.56 779,136.44 152,712.10 809,396.55 "'$734,'223.'97 443.'75 167,726.06 1,048,033.43 345, 649.15 534,343.38 621,898.89 206,565.44 188 628.02 1,500,505.86 215,179.69 131,945.44 71,879.20 165 675.69 50,941.29 139,075.53 50,198.44 487 526.79 21,747.15 40,382.30 21,882.91 540 193.80 20,101.45 51,121..86 55,763.86 765 245.73 18,051.40 38,550.42 84,782. 56 466 163.27 21,822.41 8,190.28 19,1.59.21 647 939.06 4,034. 29 62,162.57 7,517.31 442 252.33 •84,486.84 7,430.63 12,448.68 696 548.82 59.211.22 2,295.95 1,040 237.53 7,666.66 4,903.06 126; 165.17 859.22 710 427.78 4,755.04 271, 751.00 3,805. 52 836 6.55.14 1,662,984. 82 2,219,497.36 164,399.81 1,135 971.09 . 4,678,059.07 2,162,673. 41 1,287 959.28 285,282. 84 6,124,708.31 4,253, 635.09 1,717 985.03 273,782.85 2, 678,100.77 . 1,834,187.04 1,991 226.06 1.09,761.08 57,617.71 955,270.20 264,338. 36 2,606 564.77 57,098.42 3,274 422.78 229,598. 63 83,650.78 61,338.44 106,260.53 1,635 871.61 81,586.82 1,212 966.46 69,027.63 152,589.43 29,349.05 67, 665.71 452,957.19 20,961.56 1,808 581.54 84,242.17 141,129.84 10,337.71 916 523.10 34, 663.37 127,603.60 6,201.96 984 418.15 25,771.35 130,451.81 2, 330.85 1,216 090.56 21,589.98 94,588.66 1,398 785.09 6,688.76 19,885.68 1,315,722.88 1,495 845.26 2,626.90 17,451.54 2,218.81 '1,018 308.75 . 65,126.49 14,502. 74 112,648.55 1,517 175.18 11,335.05 12,160. 62 78,227.77 16,980.59 2,329 356.14 6,983.51 584,124.05 3,210 815.48 10,506.01 11,630.65 270,410. 61 6,791.1.3 2,623 381.03 2,759.00 470,096. 67 8,967 682.55 394.12 480,812.32 4,196.09 • 19.80 4,857 600.69 759,972.13 10,459.48 4,263.33 14, 757 600. 75 2,245,902.23 370.00 728. 79 24,877 179.86 5,493.84 7,001,444.59 1,687.70 6,776 236.52 2,467.27 6,410,348. 45 3,730 945.66 2,553.32 979,939.86 555.'22 7,361 576.40 2,567,112.28 1,682.25 8,411 818.63 1,004,054. 75 3,261.86 1,365 627.42 451,995.97 495.00 1,335 797. 52 285, m b . 92 103.25 898 .158.18 1,777.34 1,075,419.70 2,059 939.80 2,077 022.30 3,517.12 361,453.68 2,694 452.48 289,950.13 .2,897.26 220,808.30 • 375.00 2,498 355.20 612,610.69 375.00 3, 328 642.56 685,379.13 1, 688 959.55 2,064,308.21 1,859 894.25 1,185,166.11 2,352 305.30 2,048 239.58 464,249.40 988,081.17 1,667 084.99 1,105,352.74 8,470 798.39 827,731. 40 11,497 049.07 8,917 644.93 1,116,190.81 3,829 486.64 1,259.920.88 1,352;029.13 3,513 715.87 1,454,596.24 1,756 687.30 1,088,530.25 1,778 557.71 870 658.54 1,023,515.31 "i,"795,'33i.'73 152 203.77 915,327. 9'7 167 617.17 3,741,794.38 37,'640,'787.'95 1,485,103.61 109,741,134.10 475,648.96 333.29 30,291,701.86 588 209,464, 215. 25 1,200,578.03 996 558.31 25.441,556.00 * " For the half year from SECRETAEY OF T H E TO JUNE 30, THAT TIME. 1902, BY TREASUEY. CALENDAR YEARS TO 1843 AND 105 BY FISCAL YEARS (ENDED Receipts loans and] Gross receipts. UnavailDividends. Net ordinary Interest. Premiums. [from Treasury receipts. able. notes. 1791 1792 $8,028.00 38,500.00 1793 308,472.00 1794 160,000.00 1795 160,000.00 1796 80,960.00 1797 79,920.00 1798 71,040.00 1799 71,040.00 1800 . 88,800.00 1801 39,960.00 1802 1803 1804 1805 1806 1807 1808 1809 1810 1811 1812 1813 1814 1815 1816 202, 426.30 1817 625, 000. 00 1818 675, 000.00 1819 1820 1,000,000.00 105, 000.00 1821 297, 500.00 1822 350, 000.00 1828 350, 000.00 1824 367, 500.00 1825 402, 500.00 1826 420, 000.00 1827 455, 000.00 1828 490, 000.00 1829 490, 000.00 1830 490, 000.00 1831 490, 000.00 1832 474, 985.00 1833 234, 349.50 1884 506, 480.821 1835 292, 674.67| 1836 1837 1838 1839 1840 1841 1842 1843a| 1844 1845 1846 1847 1848 1845 1850 1851 1852 1853 1854 1855 1856 1857 1858 1859 1860 1861 1862 1863 1864 1865 $4,771, 842.53 , 409, 951. $361,391.34 8,772, 468.76 ,669,960. 5,102,498,45 6,450, 195.15 , 652,923. 1,797,272.01 9,489, 855.65 , 431,904. 4,007,960.78 9,515, 758.59 ,114,534. 3,396,424,00 $4,800.00 8,740, 329,65 ,377,529. 42,800.00 320,000,00 8,758, 780. 99 ,688,780. 70,000,00 8,179, ,900,496. 170.80 78,675.00 200,000.00 12,546, 813.8l| , 546,813. 5,000,000.00 12,418, , 848,749. 978.34 1,565,229.24 12,945, 455.951 , 935,330. 10,'125.'66 14,995, 793.95 ,995,798. 11,064, 097. 63 , 064,097. 11,826, 307.38 , 826"; 307. 18,560, 693.20| ,560,693. 15,559, 931.0^ , 559,981. 16,398, 019.261 ,398,019. 17,060, 661.93 ,060,661. 7,773, 478.12 ,773,473. 12,134, 214.28 ', 384,214. 2,750,000.00 14, 422, 634.09 ,422,684. 22,639, 032.76 S 801,132. 12,837,900.00 40,524, 844.96 ,340,409. 26,184,135.00 300.00 34,559, 536.95 , 181,625. 85.79 23,377,826.00 ,696,916. 11,541.74 $32,107.64 35,220,671.40| 50,961, 287.60 57,171, 421.82 , 676,985. 68,665.16 686.09 9,425,084.91 i, 099,049. 1267,819.14' 466, 723.451 33,833, 592. 33 21,593, 936.66l , 585,171. 412.621 8,353.00 24,605, 666.37 ,603,374. 2, 291.00 20,881, 493. 68i ,840,669. 40,000.00 3,000,824.18 19,578, 708.72 :, 673,379. 6,000,824,00 20,232, 427.94 1,282,427. 20,540, 666.26 1,540,666. 24,381, ', 381,212. 212.79 5,000,000.00 ,840,""" 5,000,000,00 26.840, 858.02 ', 260,434. 25,260, 484.21 ;, 966,363. 22,966, 363.96 :, 763,629. 24,763, 629.23 ,827,627. 24,827, 627.38 :, 844,116, 24; 844, 116.51 1,526,820. 28,626, 820.82 ,867,450, 31,867, 450. $1,889.50 ;, 948,426. 33,948, 426.251 ,791,935, 21,791, 935.55 , 430,087, 35.480, 087.10| , 826,796, 50,826, 796.J :, 954,158. 27,947, 142.191 68,288.35 2,992,989.15 1,802,561. 39,019, 382.60 12,716,820."" ., 482,749. 35,340, 025.82! 1,458,782.98 3,857,276.211 1,480,115. 5,589, 547.51 25,069, 662. 37,469.25 >, 860,160. 30,519, 477.651 13,659,317,38 1,976,197. 84,784, 932.89| 11,188.00 14,808,735.64 ;, 231,001. 12,479, 708.36 20,782, 410,45 71,700.83 1,320,707. 31,198, 555.78 666,60 1,877,181.35 ,970,105. 29,970, 105.80 28,251.90 , 699,967. 29,699, 967. 74! ,467,403. 55,368, 168.52| '36; 666.'66 28,872,399.45 28,865.91 ,628,699. 56,992, 479.21 37,080.00 21,256,700.00 ,721,077. 59,796, 892.98 487,065,48 28,588,750.00 ,592,888. 47,649, 388.88 10,550.00 4,045,950.00 i, 555,039. 52,762, 704.25 4,264,92 203, 400.00 1,846,815. 49,893, 115.60 46, 300.00 ,587,031. 22.50 16, 350.00| 61,603, 404.181 103,301.37 , 800,341. 73,802. 343.07 2, 001.671 ,350,574. 65,851, 374.68| 800.00 ,056,699. 74,056, 899.24 200.00 ;, 965,312. 68,969, 212.67 900.00 s 655,365. 70,372, 665.96 23,717,300,00 :, 777,107. Sl, 773, 965.64 709,857.72 28,287,500,00 15,408,34 i, 054,599. 20, 776, 800.00 10,008.00 76.841, 407.83 ,476,299. 41,861,709,74 33,630.90 88.371, 640.18 ,919,261. 68,400.00 529,692,460.50 581,680, 121.59 11,110.81 :, 094,945. 602,345.441 776,682,361.57 889,879, 652.52 6,000.01 i, 412,971. 21,174,101.01 1,128,873,945.86 1,893,461, 017.57 9,210.40 :, 031,1.58. 11,683,446, 1,472,224,740,85'1,805,939, 345.93' 6,096,11 J a n u a r y 1 t o J u n e 30, 1843, i 106 REPORT ON THE FINANCES. T A B L E J . — S T A T E M E N T OP T H E RECEIPTS OF T H E U N I T E D Balance in the Treasury at commencement of year. 1866 1867 1868 1869 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 L900 1901 1902 $38,933,657.89 160,817,099,73 198,076,437,09 158,936,082,87 183,781,985.76 177,604.116.61 138,019,122,15 134,666, OOL 85 159,293,673,41 178,833.839.64 172,804,061.32 149.909,877.21 214,887,645.88 286,591,458.88 886,882.688.65 231 940,064.44 280,607,668.37 275,450,903.53 874, 189,081.98 424,941,403.07 521,794,026.26 526,848,756.46 512,851,434.36 659,449,099.94 673,899,118.18 691,527,403.76 726,222,332.60 778,604,889.28 738,467,555.07 763,566.540.75 773,610.008.76 846,093.349.62 864,790,237.71 775,751,368.11 867,980,559.46 1,059,336,349.58 1,128,762,603,28 Customs. $179,046.651. 176,417,810,88 164,464,599.66 180,048,426.63 194,538,374.44 206,270,408.05 216,870,286.77 188,089,522.70 163,103,838,69 157,167,722.85 148,071,984. 61 130,956,493.07 130,170,680.20 137,250,047.70 186,522,064.60 198,169, 676.02 220,410,730.25 214,706,496.93 195,067,489,76 181,471,939.34 192,905,023.44 217,286,893,13 219,091,173.68 223,832,741.69 229,668,584.67 219,622,206.23 177,452,964.15 203,355,016.73 181,818, 630.62 152,158,617.45 160,021,751.67 176,554,126.66 149,575,062.35 206,128,481.75 233,164,871.16 238,586,455,99 254,444, 708.19 8,834,345,967,10 Internal revenue. Direct tax. $809,226,813.42 $1,974,754,12 266,027,537 4,200,233,70 Public lands. Miscellaneous. $665,031.08 $29,036,314.23 1,163,575. 76 15,037,522,15 1,848,715.41 17,745,408,69 191,087,689. 1,788,145,85 4,020,344.34 13,997,838,6'5 158,856,460. 765,685.61 3,350,481.76 12,942,118.30 184,899,756. 229,102.88 2,888,646.68 22,093,541.21 148,098,153. 580,355.87 2,576,714.19 15,106,051.28 180,642,177, 8,882,312. 113,729,314. 17,161,270.05 315,254,51 1,852,428.93 32,575,048.32 102,409,784, 1,418,640.17 16,431,915.31 110,007,493, 1,129,466.95 24,070,602.31 116,700,782, 118, 630,407, 976,253.68 30,487 487.42 581,624. 1,079,743.37 15,614,728.09 no:561,610, 924,781.06 20,585,697.49 113,009,373, 80,85 1,016,506.60 21,978,525. 01 124,264,385, 1,516, 2,201,863.17 25,154 850.98 185,497,696. 4,768,140.37 31,703,642.52 160,141.69 146,720,368. 7,955,864.42 30,796,695.02 108,156.60 144,586,072, 9,810,705.01 21,984,881.89 70,720,76 121,498, 725, 5,705,986.44 24,014,055.06 112,805,936, 108,239,94 5,630,999.34 20,989,527 116,828,391. • 32,892,06 9,264,286.42 26,005,814,84 118,296,871. 1,666,82 11,202,017.23 24,674,446.10 124,881,513. 8,038,651.79 24,297,151.44 180,606,705. 6,358,272.51 24,447,419.74 142,686,249. 4,029,535.41 23,874,457.28 145,971,072. 3,261,876. 58 -20,251,871,94 163,027,623. 3,182,089.78 18,254,898.34 161,111,232, 1,673,637.80 17,118,618.52 147,421,672. 1,103,847.16 16,706,438.48 148,762,864. 1,005,'523.43 19,186,060,54 146,688,574. 864,581.41 23,614,422.81 146,900,641. 1,248,129.42 88,.602,501. 94 170,487,161. 1,678,246.81 34,716,730.11 278,327,926. 2,836,882.98 85,911,170.99 295,180,663. 2,965,119,65 38,954,098.12 307,880,122. 4,144,122,-78 32,009,280.14 271, 6,329,470,353,60 28,131,990.82 304,464,197.821,031,197,394,68 "Amount heretofore credited to the Treasurer as SECRETARY OF T H E TREASURY. 107 STATES FROM MARCH 4, 1789, TO J U N E 30, 1902, ETC.—Continued. Dividends, Net ordinary receipts. $519,949,564.38 462,846,679.92 1866 1867 Interest, Premiums. Receipts from l o a n s a n d Gross r e c e i p t s . Treasury notes. Unavailable. $88,088,055.68 $712,861,553.05 $1,270,884,178,11 $172,094.29 27,787,330.35 640,426,910.29 1,181,060,920,56 721,827.93 2,675,918.19 1868 1869 1870 1871 1872 1878 1874 1875 1876 1877 1878 1879 1880 1881 1882. 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1898 1894 1895 1896 1897 1898 1899 1900 1901 1902 376, 367, 895, 374, 364, 822, 299, 284, 290, 281, 257, 272, 333, 360, 403, 398, 348, 328, 336, 371, 379, 387, 403, 892, 854, 385, 297, 313, 826, 847, 405, 515, 667, 587, 662, 625,111, 438,20 1,080, 749,516, 238,678, 081,06 609, 621,828. 285,474, 496.00 696, 729,978, 268,768, 523.47 652, 092,468. 805,047, 054.00 679, 153,921. 214,931, 017.00 548, 669,221. 439,272, 585.46 744, 261,291. 387,971, 556.00 675, 971,607. 397,455, 808.00 691, 551,678. 348,871, 749.00 630, 278,167. 404,581, 201.00 662, 345,079. 792,807, 648.00 1,066, 684,827. 211,814, 103.00 545, 340,713. 113,750, 634,00 474, 532,826, 120,946, 724.00 524, 470,974. 555,942, 564.00 954, 230,145. 206,877, 886.00 555, 397,765. 245,196, 303.00 568, 887,009. 116,314, 850.00 452, 754,577, 154,440, 900.00 525, 844,177. 285,016, 650.00 664, 282,724. 246,111, 350.00 682, 161,408. 245,293, 650.00 648, 374,632. 373,208, 867.75 765, 821,305, 381,463, 512.00 736, 401,296. 347,051, 586.00 732, 871,214, 8,638,295. 71 417,651, 223.50 724, 006,538, 11,339,344.62 395,787, 205.50 720, 516,625, 11,166,246.41 482,710, 363.50 820, 852,810, 389,930, 220.00 737, 651,925, 333,227, 920;00 738, 549,255. 522,490, 720.00 1,088, 451,340, 610,558, 056.00 1,077, 798,907, 218,978, 610.00 806, 668,947. 89,269, 910.00 651, 738,143, 29,203, 629,50 18,756, 491.12 15,295, 643.76 8,892, 839.95 9,412, 637.65 11,560, 630.89 6,037, 666,22 3,979, 279.69 4,029, 280.58 406, 776.58 817, 102.30 1,505, 047,63 110,00 "2,070,73 • "3,396.18 " 18,228.35 "3,047.80 12,691.40 "1,500.00 47,097.65 7,997,64 "781.11 $9,720,136.29 16,537,830,039,76 $485,224.45 235,398,107. 57 17,348,502,303.09 34,121,715,674.87| 2,714,730,71 u n a v a i l a b l e a n d since recovered a n d charged to his account. 108 REPOBT OK THE FiN'ANCES. TABLE K.—STATEMENT OP EXPENDITURES OP THE . . .. . Year. 1791.. 1792.. 1793.. 1794.. 1795.. 1796.. 1797.. 1798.. 1799.. 1800.. 1801.. 1802.. 1803.. 1804.. 1805.. 1.806.. 1807.. 1808.. 1809.. 1810.. 1811.. 1812.. 1813.. 1814.. 1815.. 1816.. 1817.. 1818.. 1819.. 1820.. 1821.. 1822.. 1823.. 1824.. 1825.. 1.826.. 1827.. 1828.. 1829.. 1830. . 1831.. 18.32.. 1838.. 1834.. 1835.. 1836.. 1.837.. 1838.. 1.839.. 1840.. 1841.. 1842.. 1843" 1844.. 1845.. 1846.. 1847.. 1848.. 1849.. 1850.. 1851.. 1852.. 1853.. 1854.. 1855.. 1856.". 1857.. 1858.. 1859.. 1860.. 1861.. 1862.. 1.863.. 1864.. War. Navy. $632, 804.03 1, loo;702.09 1,130,249.08 2,639,097.59 2,480,910.13 1,260,263.84 1,039,402.46 2,009,522.30 2,466: 946.98 2,560:878.77 1,672: 944.08 1,179:148,25 822, 055.85 875: 428.93 712; 781.28 1,224,355.38 685.91 1, 2,900:834.40 3,345,772.17 2,294 323.94 2,032;828.19 11,817 798.24 19,652,013.02 20,350,806.86 14,794,294.22 16,012,096.80 8,004 236. 53 6,622;715.10 6,506,300.37 2,630,392.31 4,461 291.78 3,111 981.48 3,096;924.43 3,340,939.85 3,659,914.18 8,943,194.37 8,948,977.88 4,145,544.56 4,724,291.07 4,767, 128, 4,841,835.55 5,446 034.88 6,704: 019.10 5,696: 189.38 5,759 156.89 11,747, 345.25 13,682: 730.80 12,897. 224.16 8,916,995, ' 7,095:267.23 8,801 610.24 6,610,438.02 671.95 2,' 5,218: 1.83.66 5,746: 291.28 10,418, 870. 58 35,840: 030.33 27,-688,334.21 14,558,473. 26 9,687 024.58 12,161 965.11 8,521 506.19 9,910,498.49 11,722,282.-S7 14, 648, 074.07 16,963, 160.51 19,159,150.87 25,679; 121.63 23,154 720.53 16,472,202.72 23,001 530.67 389,173,562.29 603,314 ^11.82 690,391 048. 66 408. 97 410, 562.03 274: 784.04 882: 631.89 1,881: 347.76 2,858: 081.84 3,448: 716.03 2,111: 424.00 915: 561.87 1,215: 230.53 1,189: 832.76 1,597: 500.00 1,649. 641.44 1,722: 064.47 067.'80 I, 2,427. 758, 1,654: 244.20 1,965, 566.39 3,959: 365.15 6,446, 600.10 7,311: 290.60 8,66O: 000.25 8,908; 278.80 3,314, 598.49 2,953: 695.00 3,847: 640. 42 4,387, 990. 00 3,8I9: 243.06 2,224; 458.98 2,503, 765.83 2,904 581..66 3,049; 083, 4,218, 902.45 4,263. 877.45 3,918; 786.44 3,308, 745.47 3,239, 428.63 3,856, 183.07 3,956, 370.29 3,901 356.75 3,956; 260.42 3,864, 939.06 5,807 718,23 6,646, 914,53 6,181 580.53 6,182, 294.25 6,113, 896.89 6,001 076.97 8,397 242,95 8,727 711.53 6,498, 199.11 6,297 177.89 6,455; 013.92 7,900, 635. 76 9,408 476.02 9,786 705.92 7,904: 724.66 8,88O: 581.38 8,918: 842.10 11,067: 789.53 10,790, 096.32 13,327, 095.11 14,074, 834.64 12,651, 694. 61 14,053. 264. 64 14,690: 927.90 11,514, 649, 12,387, 156.52 42,640 358.09 63,26i: 235.31 85,704: 963,74 UNITED Indians. STATES FROM MARCH 4, J U N E 30) PROM Pensions. $27,^ 000.00 $175 813.88 13,}, 648.85 109 243.15 27•, 282,83 80 087.81 135,042.46 . 81 399.24 23?, 475.68 68 673.22 113,:, 563.98 100 843,71 621,396.58 92 256.97 16,i, 470.09 104 845,33 20,), 302.19 95 444.03 31.22 64 130.73 73 533.87 9,),000.00 85 440.39 941,000.00 62 902.10 6O;), 000.00 80 092.80 116,). 500.00 81 854.59 196,3,500.00 81 875.53 284,1,200.00 70 500.00 205,), 425.00 82 576.04 2135, 575.00 87 833.54 337J, 508.84 83, 744.16 177J, 625.00 75 043.88 151 , 875. OC 91 402.10 277J, 845.00 86 989.91 167J, 358.28 90 164.36 167^ 394.86 .69 656.06 530,), 750.00 188 804.15 274,:, 512.16 297, 374.43 319,), 463.71 890 719.90 505,), 704.27 2,415 939.85 463,5,181.39 8,208 376.81 815,), 750.01 242, 817.25 4771,005.44 1,948, 199.40 575;),007,41 1,780 588.52 380,1,781.82 1,499 326.59 429), 987.90 1,308, 810.57 72^: ,106.44 1,556 598.83 743;J, 447.83 750,1,624.88 976 138.86 850, 573.57 705,), 084.24 949 594.47 576,), 344.74 622:>, 262.47 • 1,368 297.81 I,170, 665.14 930,',738.04: 1,184, 422.40 1,352:>, 419.75 4,589, 152.40 1,8O2;>, 980.93 3,364, 285.30 1,003,}, 953.20 I,954, 711.32 1,706:), 444.48 2,882, 797.96 5,037:^ 022.88 2,672, 162.45 4,348:1,036.19 2,156,057.29 5,504:t, 191.34 3,142 750.51 2,528:i, 917.28 2,603, 562.17 2,331., 794.86 2,388, 434.51 2,614:t, 837.12 1,378, 931.33 1,199:), 099. 68 •839, 041.12 578;5,371.0( 2,032, 008.99 1,256,, 532.39 2,400, 788.11 1,539,), 351. 35 1,811, 097.56 1,027,,693.64 1,744, 883.63 1,430,), 411.30 1,227, 496.48 1,252;.,296.8], 1, 328,867.64 1,374,[, 161. 55 1,866, 886.02 1,663,,591.47 2,293, 377.22 2,829,), 801.77 2,401, 858.78 3,043,, 576.04 I, 756,806.20 3,880,, 494.12 1,232, 665. 00 1,550,, 339.55 1,477, 612,33 2,772,>, 990.78 1,296, 229.65 2,644 ,263.97 1,310, 380. 58 4,354;[, 418.87 1,219, 768.30 4,978,>, 266,1.8 1,222, 222.71 3,490,,534.53 1,100,802.32 2,991 ,121.54 1,034, 599.73 2,865;), 481.17 852, 170.47 2,327,,948.37 1,0'78,513.86 3,162,.,032,70 4,985,478.90 2,629,),975.97 Miscellaneous. 971.61 4,672,664.38 511, 451.01 750, 350. 74 1,378,920.66 801, 847.58 1,259,422.62 1,139,524.94 1,039,391.68 1,837,613.22 1,114,768.46 1,462,929.40 1,842,635.76 2.191,009.48 3,768,598.75 2,890,137.01 1,697,897.51 1,423,285.61 1,215,803.79 1,101,144.98 1,367,291.40 1,683,088.21 1.729,435.61 2,208,029.70 2,898,870.47 2,989,741.17 3,518,936.76 3,835,839.51 3,067,211.41 2,592,021.94 2,223,121.54 1,967,996.24 2,022,093.99 7,155,308.81 2, 748, 544.89 2,600,177.79 2,713,476.58 3,676,052. 64 3,082,234. 65 3,237,416.04 3,064,646.10 4,577,141.45 5,716,245.93 4,404,728.95 4,229,698.53 5,393,279.72 9,893,370.27 7,160,664.76 5,725,990. 89 5,995,398.96 6,490,881.45 6,775,624.61 3,202,713.00 5,645,183.86 5,911 760. 98 6,711,283.89 6,885,608.35 5,650,851.25 12,885,334.24 16,043, 768.36 17,888, 992.18 17,504, 171.45 17,463, 068.01 26,672, 144.68 24,090, 425.43 31,794, 038.87 28,565, 498.77 26,400, 016.42 23,797, 544.40 27,977, 978.30 23,-327, 287.69 21,385, 862.59 23,198, 382.37 27,572, 216.87 " For the half year from 109 SECEETARY OF THE TREASURY. 1789, THAT TO J U N E 30, 1902, BY CALENDAR YEARS TO 1843 AND BY FISCAL YEARS (ENDED TIME. ordinary exPremiums. Year. N e tpenditures. 1791 1792 1793 1794 1795 1796 1797 1798 1799 1800 1801 1802 1803 1804 1805 1806 1807 1808 1809 1810 1811 1812 1813 1814 1815 1816 1817 1818 1819 1820 1821 1822 1823 1824 1825 1826 1827 1828 1829 1830 1831 1832 1833 1834 1835 1836 1837 1838 1839 1840 1841 1842 1848"! 1844 1845 1846 1847 1848 1849 1850 1851 1852 1858 1,854 1855 1856 1857 1858 1859 1860 1861 1862 1863 1864 $1 919, 589,52 5 896, 258,47 1 749, 070.73 3 545, 299.00 4 362, 541.92 2 551, 308.15 2 836, 110.52 4 651, 710.42 6 480, 166. 72| 7 411, 369.97 4 981, 669.90| 3 737, 079. 4 002, 824.241 4 452, 858.91 6 357, 234.62 6 080, 209. 361 4 984, 572. 6 504, 338.851 7 414, 672.14 5 311, 082.28| 5 592, 604.86 17 829, 498.70 28 082, 396.92| 30 127. 686. 26 953, 571. OOl 23 373, 432. 58 15 454, 609.92 13 808, 678.78 16 300, 273.44 13 134, 530.57 10 723, 479.07 9 827, 643.51 9 784. 164.59 15 330, 144.71 11 490, 459.94 13 062, 316.271 12 653, 095.65 13 296, 041.45 12 641, 210.40 18 229, 533. 33 18 864, 067.90 16 516, 388. 77 22 713, 755.11 18 425, 417.251 17 514, 950.281 30 868, 164.04 87 243, 214.241 33 849, 718.08 26 496, 948.73| 24 139, 920.11 26 196, 840.29| 24 361, 336.59 11 256, 508.60 20 650, 108. Oil $18,231.43 21 895, 869.61 26 418, 459.59] 53 801, 569.87 45 227, 454. 77| 82,865.81 39 938, 542.61 37 165, 990.09| 69,713,19 44 054, 717.66 170,063.42 40 389, 954.56 420,498.64 44 078,166. 35 51 967, 528.42 2,877,818,69 872,047,39 56 316, 197.72 885,372.90 66 772, 527.64 368,672.89 66 041, 143.70 574,443.08 72 330, 437.17 66 355, 950.071 60 066, 754.71 62 616, 055,78 456 379,896,81 694 004, 576,56] 811 283, 679,141 J a n u a r y 1 t o J u n e 30,1848. Interest. $1,177, 863.03 2,373, 611.28 2,097, 859.17 2,752, 523.04 2.947, 059.061 3,239, 347. 68 3,172, 516.731 2,955, 875, 2,815, 651.41 3,402, 601.04 4,411, 830.06| 4,239, 1.72.16 8,949, 462.36 4,185, 048.74 2,657, 114.22 3.368, 968.26 3.369, 578.48 2,557, 074,28 2,866, 074.901 3,163, 671.09 2,585, 435.571 2,451, 272.57 3,599, 455.22| 4,593, 239.04 5,990, 090.24 7,822; 923.34 4,536, 282. 55 6,209, 954.03 5,211, 730.56 5,151, 004.32 5,126, 073.79 5,172, 788.79 4,922, 475.40 4.948, 557.93 4,866, 757.40 3,975, 542.95 071.51 3, 8, uy», 800.60 2,542, 843.23 1,912, 574.98 1,873, 748.74 772, 561.50 303, 796.87 202, 152.981 57, 863. 14, 996.48 899, 833.89| 174, 598, 284, 977.55| 773, 549.85 523, 588.91 1,833,452.13| 1,040, 458.18 842, 723.27 1,119, 214.72 2,390,765.88 3,565, 535.78 3,782, 393.03 3,696, 760.75 4,000, 297.80 3,665, 882.74 3,070, 926.69 2,314,464.99 1,953,822.37 1,593, 265.23 1,652, 055.67 2,637, 649.70 3,144, 120.94| 4,034, 157 13,190, 344.841 24,729, 700,62 .53,685, 421,691 Public debt. $699, 984.23 693, 050.25 2,633, 048.07 2,743, 771.13 2,841, 639.37 2,577, 126.01 2,617, 250.12| 976, 032.09 1,706, 578.84| . 1,138, 563.11 2,879, 876.98 5,294, 235.24 3,806, 697.07 3.977, 206.07 4,583, 960.63 5,572, 018.641 2,938, 1.41. 621 7,701, 288.96 3,586, 479.26 4,835, 241.121 5,414, 564.43 1,998, 349.88 7,508, 668.22' 3,307, 304.90, 6,638, 832.11 17,048, 139.59 20,886, 753.57 15,086, 247.59 2,492, 195.73 3,477, 489.96 3,241, 019.83 2,676, 160.33 607, 541.01 11,624, 835.83 7,728, 587.38 7,065, 539.24 6,517, 596.88 9,064, 637.47 9,860, 804.77 9,443, 178.29 14,800, 629.48 17,067, 747.79 1,239, 746.5l[ 6,974, 412.211 328,20 Gross e x p e n d i tures. 797,436.78 962,920.00 479,977.97 041,593.17, 151,240.15 367,776.84! 625,877.37 583,618.41 002,396.97, 952, 534.12 273,376.94 270,437. 31 258, 983.67 615.113.72 598,309.47 021,196.26 292,292.99 762,702.04 867,226.30 309,994.49 592,604.86 279,121.15 190,520. 36 028,230.32 582,493.35 244.495.51 40, 877,646.04 35, 104,875.40 •24, 004.199.73 21 763,024.85 19; 090,572.69 17 676, 592. 63 15, 314,171.00 31 898,538.47 23, 585,804.72 24, 103,398.46 22, 656,764.04 25, 459.479.52 25,,044,358.40 24 ,585,281.55 30 038,446.12 34 356,698.06 24: 257,298.49 24; 601,982.44 17 573,141.56 30, 868,164.04 37, 265,037.15 21, 822.91 39, 455,438.85 5,690, 723.79 37, 614,936,15 10,718, 153.53 28 226,533.81 3,912, 015.62| 81 797,530.03 5,315, 712.19 32; 936,876.58 7,801, 990.09 12, 118,105.15 338, 012.64| 33: 642,010.85 11,158, 450.71 30; 490,408.71 349.491 7,536, 27 682,282.90 871, 100.04 6O: 520,851-. 74 5,600, 067.65 60, 655,143.19 18,086, 922. 54 386,422.74 56, 478. 54| 12,804, 44, 604,718.26 3,656, 835.14 476,104. 31 . 48: 912.71 654, 46, 712,60S. 83 2,152, 293.05| 577,061.74 54: 574.01 6,412, 75: 473,170.75 17,656, 896.95 065.86| 6,662, 66: 164,775.96 3,614, 618. 72: 726,341. .57 606.05| 71: 274,687.37 3,276, 7,505,250.82 82, 062,186.74, 14,685, 043.15 83 678,642.92 13,854, 250.00 77: 055,125.65 18,737, 100.00 85; 387,313.--, 96,097, 322.09 565, 667,563.741 181,081, 635.07 899; 815,911.25 430,572, 014.031 1,295, 541,114."" Balance in Treasury at t h e e n d of the year. 905.76 444.51 758, 661.69 1,15i: 924.17 516; 442.61 888, 995.42 1,021: 899.04 6I7; 451.43 2,161, 867.77 2, 623: 311.99 3,295: 391.00 5,020, 697.64 4,825, 811.60 4,037; 005.26 3,999, 388. 99 4,538, 123.80 9,643, 850.07 9,941 809.96 3,848; 056.78 2,672 276.57 3,502; 305.80 3,862, 217.41 5,196: 542.00 1,727: 848. 63 13,106; 592.88 22,033' 519.19 14,989; 465.48 1,478, 526.74 2,079, 992.38 1,198, 461.21 1,681 592.24 4,237 427.55 9,463 922.81 1,946 597.13 5,201 650.43 6,358, 686.18 6,668, 286.10 5,972, 485.81 5.755, 704.79 6,014, 539.75 4, 502, 914.45 2,011 777.55 11,702; 905. 31 8,892 858.42 26,749; 803.96 46,708, 436.00 37,827, 252.69 36,891 196.94 .33,157 503.68 29,963 163.46 28,685; 111.08 30,521, 979.44 39,186, 284.74 36,742; 829.62 36,194 274.81 38,26i; 959.65 33,079, 276.43 29,416; 612.45 32,827, 082.69 35,871' 753.31 40,158: 358.25 43,338: 860.02 50,26i: 901.09 48,591: 073.41 47,777: 672.13 49,108: 229.80 46,8O2; 855.00 35,113, 334.22 33,193 248.60 32,979; 530.78 30,968, 857,83 46,965, 304,87 36,523; 046,13 134,433, 738.44 no REPORT ON T H E FINANCES. TABLE K.—STATEMENT OF THE EXPENDITURES OF THE UNITED Year. 1865 1866 War. Navy. Indians, $1,080,690,400.06 $122,617,434.07 . 283,154,676.06| 43,285,662.00 $5,069,360,71 3,295,729,32 716,651,816,89 "77,992,17 103,369,211,42 "58,286.61 8,668,638,812.28 "8,621,780.07 Pensions. Miscellaneous. $16,347,621. 34 $42,989,388.10 15;606,549.88 40,613,114.17 119,607,656.01 "9,737.87 8,672,260,092.85 717,629,808,56 103,422,498.08 119,617,393.88 31,034, on, 04 4,642,53L77 95,224,415.68 20,936,551.71 4,100,682.82 123,246,648,62 25.775.502.72 23,782,386.78 7,042,928,06 78,501,990,61 20,000,757.97 28,476,62L78 3,407,988.15 57,665,675.40 21,780,229.87 28,340,202.17 7,426,997.44 35,799,991.82 19,431,027.21 34,443,894,88 7,061,728,82 35,372,157.20 21,249,809.99 28,533,402,76 7,951,704,88 46,323,188,31 28.526.256.79 29,359,426,86 6,692,462,09 42,313,927,22 80.932.687.42 29,038,414,66 8,884,656,82 41,120,645.98 21,497,626,27 29,456,216.22 5, 966,558.17 28,257,395.69 38,070,888,64 18,963,309,82 5,277,007.22 87,082,785.90 14,959,935.86 27,963,752.27 32,154,147.85 17,365,301,37 4.629.280.28 27,137,019.08 40,425,660.73 15,125,126.84 85,121,482.39 5.206.109.08 38,116,916.22 13,586,984.74 56,777,174.44 . 5.945.457.09 40,466,460.55 15,686,671.66 50,059,279.62 6,514,161.09 43,570,494.19 15,032,046.26 61,345,193.95 9, 736, 747.40 48,911,382.93 15,283,437.17 7,862,590.84 66,012,573,64 39,429,603.36 17,292,601.44 55,429,228,06 6.475.999.29 42,670,578.47 16,021,079.67 56,102,267,49 6,552,494.63 84,324,152.74 13,907,887,74 6,099,158,17 . 63,404,864.03 38,661,025.85 75,029,101.79 15.141.126.80 6,194,522.69 38,522,436.11 16,926,437.65 6,249,307.87 80,288,508.77 44,435,270.85 21,378,809.31 6,892,207,78 87,624,779.11 44,582,838.08 22.006.206.24 6,708,046,67 106,935,855.07 48,720,066.01 26,113,896.46 8,527,469,01 124,-415,951.40 46,895,456.80 29,174,138.98 11,150,577.67 134,583,052,79 49,641,778.47 30.136.084.43 13,845,347.27 159,357,657,87 54,567,929.85 31,701,293.79 10,293,481,52 141,177,284,96 61,804,759.18 28.797.795.73 9,939,754,21 141,395,228.87 50,830,920,89 27,147,732.38 12,165,528,28 139,484,000.98 48,950,267.89 84,561,646.29 13,016,802.46 141,053,164,63 91,992,000.29 58,823,984.80 10,994,667.70 147,452,368,61 229,841,254.47 63.942.104.25 12,805, 711,14 139,894,929.07 134,774,767.78 55,953. 077, 72 10,175,106.76 140,877,816.02 144,615,697.20 60,506;978,47 10,896,073.35 139,323,621,99 112,272,216.08 67,803,128.24 10,049,584.86 138,488,659.78 1867.. 1868 1869 1870 1871 1872 1878 1874 1875 1876 1877 1878 1879 .<1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901.. 1902 Total 5,794,050,383.97 1,696,146,34L 45 643,604,554.33 "718,769.52 644,323,823.85 61,110,223.72 63,009,867.67 56,474,061.53 53.237.461.56 60,481,916.23 60,984,767.42 73,828,110.06 85.141.593.61 71,070,702.98 73,599,661,04 58,926,532.53 58.177.703.57 68,741,555,49 54,713,529.76 64,416,324,71 57,219,750.98 68,678,022.21 70,920,433.70 87,494,258.38 74,166,929.85 85,264,825,59 72,952,260,80 80,664,064.26 81,403,256,49 110,048,167.49 99,841,988.61 108,782,799.27 101,948,884.07 93,279,730,14 87.216.234.62 90,401,267,82 96,520,505.17 119,191,255,90 105,778,190,16 122,282,008.10 113,469,328.91 389,303,875,38 2,936,427,024.02 8,502,201,478,25 " Outstanding NOTE.—This statement is made from warrants paid by the Treasurer up to June 30,1866, The Ill SECRETARY OF T H E TREASURY. STATES PROM MARCH 4, Year, 1789, TO J U N E 30, 1902, Net ordinary exPremiums. penditures. 1865 $1,217,704,199,28 386,954,781.43 1866 ,717,900.11 58,476.61 5,152,771,550.43 7,611,003.66 • "4,481,566.24 1867 1868 1869 1870 1871 1872 1878 1874 1875 1876 1877 1878 1879 1880 1881 1882 1888 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1896 1896 1897 1898 1899 1900 1901 1902 5,167,258, 116.67 202,947, 733,87 229,915, 088.11 190,496, 354.95 164,421, 607.15 157,583, 827.58 153,201, 856.19 180,488, 636.90 194,118, 986.00 171,529, 848.27 164,857, 818.86 144,209, 968. 28 184,463; 452.15 161,619, 934.58 169,090, 062.25 177,142, 897. 68 186,904; 232.78 206,248, 006,29 189,547, 866.86 208,840, 678. 64 191,902, 992.53 220,190, 602.72 214,938, 951.20 240,995, 131.81 261,637, 202.55 317,825, 549. 87 321,645: 214.86 356,218: 562.81 339,688: 874.19 326,217: 268.08 316, 794:417.16 327,983: 049.09 405,783: 626,67 565,175: 254.83 447,553; 458.44 477,624, 374,11 442,082: 812.82 7,611,003.56 10,813,349.88 7.001.151.04 1.674.680.05 16,996,555.60 9,016,794.74 6,958,266,76 5,106,919.99 1,396,073,65 2,795,820,42 1,061,248.78 8,270,842.46 17,292,362.65 20,304,224.06 10,401,220.61 33,147,054.81 14,649,572.96 14,043,891.14 Interest. ETC.—Continued. Public debt. Gross expenditures. Balance in Treasury at the end of the year. $77,395,090.80 $609,616,141.68 $1,906,433,331,37 $88,938,657.89 • 183,067,624.91 620,263,249.10 1,189,844,081.95 166,301,654.76 502,689,519.27 2,874,677,108,12 8,037, 749,176.38 " 2,888.48 " 100,31 "54,484,555.03 "4,484,555.03 602, 692,407. 148,781,591, 140,424,045. 130, 694,242, 129,235,498. 125,676,565. 117, 357,839, 104, 750,688. 107, 119,815. 103, 093,544, 100, 243,271, 97, 124,511. 102, 500,874. 105, 327,949. 95, 757,575. 82, 508,741 71, 077,206, 59, 160,181, 54, 578,378. 51, 386,256. 60, 580,145. 741,577. . 47, 44, 715,007. 41, 001, 484. 86, 099,284. 37, 647,135. 23, 378,11.6. 27, 264,392. 27, 841,405. 80, 978,030, 36, 885,028. 87, 791,110. 37, 585,056. 39, 896,925, 40, 160,333, 82, 842,979, 29, 108,044, 2,874,677,208,48 8,042, 238,731 160,817, 099,73 736, 686,980;11 1,093,079, 655. 198,076, 537,09 692, 649, 686,88 1,069,889,970. 168,936, 082.87 584, 777,996. 188,781, 985,76 261, 912,718.31 702, 907,842. 264,282,13 177,604: 116.61 691, 680,858. 508,670,65 138,019: 122.15 405, 007,307,54 682, 525.270. 134, 666,001.85 233, 699,352.58 524, 044,597. 169,293, 678.41 422, 065,060.23 724, 698,933. 178,833, 889.64 407, 377,492.48 682,000,885. 172,804, 061,32 449, 345,272, 714,446,357. 149,909, 377.21 328, 965,424.05 665,299,898. 214,887, 646.88 358, 676,944.90 590,641.271. 286,591, 453,88 699, 445,809.16 966,393.692. 386,832, 588.65 432, 690,280,41 700, 233,238. 231,940, 064,44 165, 162.885.05 425, 865,222. 280,607, 668.37 271, 646,299,65 529, 627,739. 275,450, 903.53 590, 083,829.96 855, 491,967. 374,189, 081. 98 260, 520,690.50 504, 646, 934. 424,941, 403.07 211, 760,353.43 471, 987,288. 521,794, 026. 26 205, 216.709.86 447, 699,847. 526,848, 755.46 271, 901,321.16 539, 833,501. 512,851, 434.36 249, 760.258.06 517, 685,059. 659,449, 099,94 318, 922,412.35 618, 211,390. 673,399, 118.18 312, 206,367.50 630,247,078. 691,527, 408.76 365, 352,470. 87 731, 126,376. 726,222, 332.60 338, 995,958.98 684, 019,289. 778,604, 339.28 389, 530,044.50 778, 007,998. 738,467, 555.07 331, 883,272.96 698, 908,552. 763,565, 540.75 354, 276,858.93 710, 472,157. 773,610, 008.76 896, 190,023. 35 748, 369,469. 846,093, 349.62 858, 180,877.50 718, 965,037. 864,790, 237.71 884, 219,542.00 827, 588,124. 775,751 868,II 341, 149,968,98 946, 222,148. 867,980, 559,46 365, 682,271,26 886, 448,117. 1,059,336,349.58 212, 620,767,78 737, 237.693. 1,128,762,,603.23 74, 006,898.00 559, 241,146, 781,221,259,599.66 14,318,129,103,07 187,638,032,55 3,048,807,192,28 15,348,267,016,65 32,897,741,844,50 warrants. outstanding warrants are then added, and the statement is by warrants from that date. 112 REPORT ON THE FINANCES. TABLE L.—STATEMENT OP THE N E T DISBURSEMENTS (BY WARRANTS) DURING THE FISCAL Y E A R ENDED JUNE 30, 1902. CIVIL, Congress Executive Judiciary . : Government in the Territories Subtreasuries Public land offices Mints and assay offices, $5,100,466,27 12,287,345.19 6,288,840.18 165,734.85 464,796.77 757,474.76 229,585.74 $25,294,243.71 FOREIGN INTERCOURSE. Diplomatic salaries Consular salaries : Contingent expenses of foreign missions Contingencies of consulates • National defense Relief, protection, and rescuing shipwrecked American seamen International Union of American Republics Determining canal route. Isthmus of Panama Pay of consular officers for services to American vessels and seamen . . Emergencies arising in the diplomatic and consular service International Exposition at Paris Repayment to Mexico awards in La Abra and Weil claims Miscellaneous trust funds Miscellaneous items 459,378.19 720,757.03 204,017.90 249,833.84 862.64 24,288.48 68,400.00 66,370.05 16,032.58 144,116.23 16,377.09 412,572.70 248,536.37 144,190.96 2,765,734,01 MISCELLANEOUS. Public printing and binding Building, Government Printing Office Payment of judgments, Court of Claims Contingent expenses. Independent Treasury Mint establishment : • Assessing and collecting internal revenue Paper for internal-revenue stamps Redemption of internal-revenue stamps. Punishing violations of internal-revenue laws ^ Refunds, reliefs, etc., under internal-revenue laws Allowance or drawback under internal-revenue laws Refunding taxes illegally collected under internal-revenue laws Rebate of tax on tobacco Collecting revenue from customs $7,967,473.86 Detection and prevention of frauds upon the customs revenue 83,641.82 Repayment to importers excess of deposits Debentures and drawbacks under customs laws Expenses of regulating immigration Salaries, shipping service Services to American vessels .' Supplies for native inhabitants of Alaska Enforcement of alien contract-labor laws Enforcement of Chinese-exclusion acts Revenue vessels Revenue-Cutter Service. •. Life-Saving Service Marine-Hospital Establishment Light-House Establishment Engraving and printing P Coast and Geodetic Survey Steamboat-Inspection Service , Custom-houses, post-offices, court-houses, etc Pay of assistant custodians and janitors of public buildings Fuel, lights, and water for public buildings Furniture and heating apparatus for public buildings Vaults, safes, locks, and plans for public buildings Distinctive paper for United States securities Expenses'of national currency Transportation and recoinage of coin Preventing the spread of epidemic diseases Suppressingcounterfeiting and other crimes Interstate Commerce Commission Credit in settlement of Sioux City and Pacific Railroad indebtedness.. Expenses under Smithsonian Institution National Museum National Zoological Park .„ Fish Commission, general expenses French spoliationclaims ."— Claims allowed under Bowman and Tucker acts Payment of debt of Hawaii Refunding customs revenue collected from Porto Rico Pan-American Exposition, Niagara frontier Louisiana Purchase Exposition, St, Louis 5,491,258.63 664,999.74 73,477.23 218,748.12 1,306,080.32 4,248,497.33 40,367.25 851,156.43 71,280.39 211,512.06 45,355.26 139,988.58 2,928,191.28 ;, 051,115.68 6,414,259.82 5,236,157.44 399,692.38 58,980.02 24,042.53 22,446.20 150,032.16 202,744.03 112,614.96 1,208,637.12 1,667,688.48 1,234,264.51 4,181,403.39 2,653,522.43 838,832.07 344,490,06 4,919,574.17 1,080,029.26 881,279.99 421,647,42 34,325.50 310,026,00 38,791,30 316,964,35 141,814.63 93,365,91, 270,059,65 2,788.22 140,009,18 271,828.94 83,393.19 640,691.17 193,267,78 407,855.31 751,202.44 399,988.10 83,756,90 45,276.59 SECRETARY OF THE TREASURY. 113 TABLE L.—STATEMENT OP THE N E T DISBURSEMENTS (BY WARRANTS) DURING THE FISCAL YEAR ENDED JUNE 30, 1902—Continued. MISCELLANEOUS-Continued, District of Columbia: General expenses $8,806,810.08 Water department, payable from the water fund 352,980.97 Special trust funds 203,950.95 : Buildings and grounds in Washington under Chief Engineer Fuel, lights, etc., State, War, and Navy Department building Care, maintenance, etc., of Washington Monumen t :..; Prevention of deposits in New York Harbor Photolithograpbing for the Patent Office Official Gazette, Patent Office Surveying public lands '. : Protecting forest reserves Surveying forest reserves Contingent expenses of land offices '. Geological Survey Geological maps of the United States Protecting public lands, timber, etc Repayinent for lands erroneously sold Payment to settlers on Des Moines River lands Deposits by individuals for surveying public lands Hot Springs Reservation, Arkansas Five, three,.and two per cent funds to States Government Hospital for the Insane Columbia Institute for the Deaf and Dumb .Howard University Expenses of the Twelfth Census Liquidation of deposits, Hawaiian Postal Savings Bank Capitol building and grounds Interior Department building Colleges for agriculture and the mechanic arts Deficiency in the postal revenues Mail transportation. Pacific railroads Department of Agriculture Weather Bureau. Miscellaneous items INTERIOR DEPARTMENT. Indians Pensions $9,363,742,00 190,710.74 42,347,30 II, 203.42 72,782.01 114,474.64 141,742.75 231,472.06 261,184. I I • 137,184.41 209,587.91 ' 740,121.53 74,058.19 171,209.42 67,348,87 • 98,041,71 184,270,39 42,723,81 110,626,08 577,346,54 61,500,00 35,100.00 2,915,194.81 4,460,38 400,713,79 78,990.86 1,200,000.00 2,402,152.52 692,682.31 3,423,215,92 1,156,773.69 791,775.47 $85,409,346.19 10,049,584.86 138,488,559,73 MILITARY ESTABLISHMENT. 148,588,144.59 Pay Department 36,601,327,82 Pay Department, bounty and miscellaneous 818,956.86 Extra pay, war with Spain 82,688.85 Commissary Department , 6,420,827.28 Quartermaster's Department 81,501,252.58 National cemeteries, roads, etc 224,607.74 Medical Department 730,788.99 Artificial limbs 119,813.42 Ordnance Department : 4,665,868.26 Armories and arsenals 783,198.83 Armament of fortifications . . . . : • 3,732,403.71 Gun and mortar batteries 1,974,307.08 Military Academy 257,104.92 Fortifications, etc • 755,091,75 . Improving rivers arid harbors 14,947,980,74 Contingencies of the Army '.: 15,711.64 Military telegraph and cable lines,- Alaska • 106,491.47 Signal Service of the Army 245,379.06 Emergency fund -.: 42,362.20 Construction of militarv posts, roads, etc 1,205,562.85 Support of Soldiers' Home .' :. 536,045.62 Soldiers' Home, permanent fund and interest account 323,661.27 State or Territorial Homes for Disabled Volunteer Soldiers 1,004,724.80 Support of National Homes for Disabled Volunteer Soldiers 3,236,434.40 Chickamauga and Chattanooga National Park 68,829.50 . Shiloh National Park 61,599.75 Yellowstone National Park 55,171.67 Vicksburg National Park : 32,583.30 . Gettysburg National Park : 80,464.20 Enlargementof Governors Island, New York Harbor 150,006.00 Reimbursing States and Territories for expenses of raising troops, war with Spain 599,43L34 Refunding to States expenses incurred in raising volunteers 1,063,652.42 Bringing home remains of officers, soldiers, and others.who die abroad. 109,972.27 Reliefs and reimbursements. 549,088,43 Miscellaneous items 164,057.67 Deduct repayments in excess of expenditures 112,742,288.18 470,072,06 112,272,216,08 FI 1902 8 114 REPORT ON T H E FINANCES. TABLE L.—STATEMENT OF THE N E T DISBURSEMENTS (BY WARRANTS) FISCAL Y E A R ENDED JUNE 30, 1902—Continued. NAVAL ESTABLISHMENT. National defense Emergency fund Pay, etc., of the Navy Pay, miscellaneous Deposit fund Contingent, Navy Marine Corps NavalAcademy.... Navigation. Ordnance Equipment Yards and Docks Medicine and Surgery ' Supplies and Accounts Construction and Repair Steam Engineering : Increase of the Navy Navy transportation. Pacific railroads Judgments, bounty for destruction of enemies' vessels General account of advances . . . : ' Miscellaneous items ..' $24,999.72 114,019.42 12,842,661.97 674,374.64 313,992.16 9,801.55 2,718,621.95 872,698.13 680,547.94 2,549,000,51 5,144,548.32 6,701,780.29 415,870.92 3,957,819.29 6,998,828.98 8,253,231.78 19,793,144.29 83,411,21 314,853.97 1,905,889.92 33,031.29 DURING THE Interest on the public debt $67,803,128.24 29,108,044.82 Total net ordinary expenditures Redemption of the public debt Premium 471,190,857.64 74,006,898.00 14,043,391.14 Total expenditures Balance in the Treasury June 30, 1902 Grand total ." : . . . 559,241,146.78 1,221,259,599.66 1,780,500,746,44 115 SEOKETAEY OF T H E TBEASUKT. TABLE M.—STATEMENT OF THE COIN AND PAPER CIRCULATION OP THE UNITED STATES FROM 1860 TO 1902, INCLUSIVE, WITH AMOUNT OP CIRCULATION PER CAPITA. Year. Coin, i n c l u d - U n i t e d States ing bullion in notes a n d Total money. • Treasury. . b a n k notes. I860.... $285,000,000 $207,102,477 $442,102,477 1861.... 250.000.000 202,005,767 462,005,767 1862.... 25,000,000 883,462,079 358,452,079 1863.... 25,000,000 649,867,283 674,867,283 1864.... 25,000,000 680,588,067 705,688,067 1865.... .25,000,000 746,129,755 770,129,755 1866.... 25,000,000 729,327,254 754,327,254 1867.... 26,000,000 708,200,612 728,200,612 1868.... 25,000,000 691,553,578 716,553,578 1869.... 25,000,000 690,351,180 715,351,180 1870.... 25,000,000 697,868,461 722,868,461 1871.... 25,000,000 716,812,174 741,812,174 1872.... 25,000,000 737,721,565 762,721,565 1873.... 25,000,000 749,445,610 774,445,610 1874.... 25,.000,000 781,024,781 806,024,781 1876.... 25,000,000 773,273,509 798,273,509 1876.... 52,418,734 788,264,550 790,683,284 1877.... 65,837,506 697,216,341 763,053,847 1878.... 102,047,907 687,743,069 " 789,790,976 1879.... 357,268,178 676,372,713 1,038,640,891 1880.... 494,363,884 . 691,186,443 1,186,660,327 1881.... 647,868,682 701,723,691 1,349,592,373 1882..-.. 703,974,889 705,423,050 1,409,897,889 1883...769,740,048 702,754,297 1,472,494,345 1884.... 801,068,939 686,180,899 1,487,249,838 1885.-.: 872,175,823 665,257,727 1,587,433,550 1886.... 9a3,027,304 658,380,470* 1,561,407,774 1887.--. 1,007,518,901 625,898,804 1,633,412,705 1 8 8 8 . - . . 1,092,891,690 599,049,337 .1,691,441,027 1 8 8 9 . . . . 1,100,61.2,434 558,059,979 1,658,672,413 1 8 9 0 . . . . 1,152,471,638 532,651,791 1,685,123,429 1 8 9 1 . . . . 1,112,956,637 564,837,407 1,677,794,044 1892...- 1,131,142,260 621,076,937 1,752,219,197 1898.--- ' 1,066,223, 357 672,585,315 1,738,808,472 1 8 9 4 . . . . 1,098,958,741 706,120,220 1,805,078,961 1 8 9 6 . . . . 1,114,899,106 704,460,451 1,819,359,557 1 8 9 6 . . . . 1,097,610,190 702,864,848 1,799,975,083 1 8 9 7 . . . . 1,213,780,289 692,216,330 1,905,996, 619 1 8 9 8 . . . . 1,397,785,969 675,788,473 2,078,574,442 1 8 9 9 . . . . 1,508,543,738 681,550,167 2,190,093,905 1 9 0 0 . - . . 1,607,352,213 732,348,460 2,339,700,678 1 9 0 1 . . . . 1,734,861,774 748,206,203 2,488,067,977 1 9 0 2 . . . . 1,829,913,551 733,353,107 2,563,266,658 Coin, b u l l i o n , and paper money in Circulation. Treasury, as assets. $6,695,225 3,600,000 23,754,335 79,473,245 36,946,589 65,426,760 80,889,010 66,208,543 36,449,917 50,898,289 47,655,667 26,923,169 24,412,016 22,663,801 29,941,750 44,171,562 68,078,896 40,738,964 60,658,342 215,009,098 212,168,099 235,354,254 235,107,470 242,188, 649 243,323,869 244,864,935 308,707,249 815,873,562 319,270,157 278,310,764 255,872,159 180,353,387 150,872,010 142,107,227 144,270,253 217,391,084 293,540,067 265,787,100 235,714,547 286,022,024 284,549,675 307,760,015 313,876,107 $435,407,252 448,405,767 834,697,744 695,894,038 669,641,478 714,702,995 673,488,244 661,992,069 680,103,661 664,452,891 675,212,794 715,889,005 738,309,649 751,881,809 776,083,081 754,101.947 727,609,388 722,314,883 729,132,634 818,631,793 973,382,228 1,114,238,119 1,174,290,419 1,230,305,696 1,243,925,969 1,292,568,615 1,252, 700,525 1,317,539,143 1,372,170,870 1,380,361,649 1,429,251,270 1,497,440,707 1,601,347,187 1,596,701,245 1, 660,808,708 1,601,968,473 1,506,434,966 1,640,209,519 1,837,859,895 1,904,071,881 2,055,150,998 2,175,307,962 2,249,390,551 Population. 31,443,321 32,064,000 32,704,000 33,365,000 34,046,000 34,748,000 35,469,000 36,211,000 36,973,000 37,756,000 38,558,371 89,555,000 40,596,000 41,677,000 42,796,000 43,951,000 46,137,000 46,853,000 47,598,000 48,866,000 50,155,788 51,316,000 52,496,000 53,693.000 54,911,000 56,148,000 57,404,000 58,680,000 59,974,000 61,289,000 62,622,250 63,947,000 65,191,000 66,456,000 67,740,000 69,043,000 70,365,000 71,704,000 73,060,000 74,433,000 76,295,220 77,754,000 79,117,000 Circulation per capita. $18,85 13.98 10,23 17.84 19,67 20.67 18,99 18,28 18,89 17.60 17.50 18.10 ' 18.19 18.04 18.13 17,16 16.12 15,58 15,82 16,75 19,41 2L71 22. 87 22.91 22.65 23.02 21.82 22.45 22.88 22.52 22.82 23.42 24.56 24,03 24,52 23,20 21.41 22.87 26,15 25.58 26,94 27.98 28,43 NOTE 1,—Specie payments were suspended from January 1, 1862, to January 1,1879. During t h e greater part of that period gold and silver coins were not in circulation except on the Pacific coast, where, it is estimated, the specie circulation was generally about $25,000,000. This estimated amount is the only coin included in the above statement'from 1862 to 1875, inclusive. NOTE 2.—In 1876 subsidiary silver again came into use, and is included in this statement, beginning with t h a t year. NOTE 3.—The coinage of standard silver dollars began in 1878, under the act of February 28, 1878. NOTE 4.—Specie payments were resumed January 1, 1879, and all gold and silver coins, as well as gold and silver bullion in the Treasury, are included in this statement from and after that date. NOTE 6.—For redemption of outstanding certificates an exact equivalent in amount of the appropriate kinds of money is held in the Treasury, and is not included in the account of money held as assets of the Government. NOTE 6.—This table represents the circulation of the United States as showii by the revised statements of the Treasury Department for June 30 of each of the years specified, • NOTE 7,—The details of the foregoing table, showing the amount of each kind of money in circulation each year since 1860, are omitted, but they may be had upon application to the Secretary of the Treasury, Division of Loans and Currency, where a circular covering information on the subject has been prepared for distribution. 116 REPORT ON T H E F I N A N C E S . TABLE N.—STATEMENT OP UNITED STATES BONDS AND OTHER OBLIGATIONS RECEIVED AND ISSUED BY THE OFFICE OF THE SECRETARY OF THE TREASURY FROM NOVEMBPH 1, 1901, to OCTOBER 31, 1902. Title of loan. Received for Received exchange for redempand tion. transfer. Bonds issued to Pacific railroads (acts of July 1,1862, and Julv 2,1864) -• Consols of 1867 (act of Mar. 3, 1865) Oregon war debt (act of Mar. 2,1861) Funded loan of 1891, 4^ per cent (acts of July 14, 1870, and Jan, 20,1871) --.--..: Funded loan of 1891 continued at 2 per c e n t . . Gold certificates, series of 1870and 1871 (actof Mar, 3, 1863) Gold certificates, series of 1865 (act of Mar, 8, 1863) .' Gold certificates, series of 1875 (act of Mar, 3, 1865) Gold certificates, series of 1888 (act of July 12, 1882) Gold certificates, series of 1900 (act of Mar. 14, . 1900) -.-. Consols of 1930, 2 per cent (actof Mar, 14,1900). $77,479,800 Loan of 1908-18,3 per cent (act of June 13,1898). 18,626,120 Funded loan of 1907, 4 per cent (acts of July 32,050,250 14, 1870 and Jan, 20, 1871) Loan of 1925, 4 per cent.(act of Jan, 14,1876). - - 19.340,900 4,432,300 Loan of 1904, 5 per cent (act of Jan, 14, 1875)... Total 151,929,370 Issued. Total transactions. $18,000 4,100 100 $13,000 4,100 100 3,250 74,400 8,250 74,400 1,100 1,10C 20 20 400 400 1,295,000 1,295,000 677,460 $37,570,000 77,479,80018,626,140 73,430,000 154,959,600 37,929,720 14.097,200 29,288,750 1,640,400 32,052,550 19,840,900 4,482,300 78,200,000 67,920,550 10,505,000 82,905,180 189,501,690 424,836,240 85,860,000 TABLE 0.—STATEMENT SHOWING THE AGGREGATE RECEIPTS, EXPENSES, AVERAGE NUMBER OP PERSONS EMPLOYED, AND COST TO COLLECT INTERNAL REVENUE IN THE SEVERAL COLLECTION DISTRICTS DURING THE FISCAL YEAR ENDED JUNE 30, 1902. Collection districts. Alabama , Arkansas First California Fourth California.. Colorado Connecticut Florida Georgia Hawaii First Illinois Fifthlllinois Eighth Illinois Thirteenth Illinois. Sixth Indiana Seventh Indiana.-Thirdlowa Fourth Iowa Kansas : Second Kentuc cy.. Fifth Kentucky.... Sixth Kentucky Seventh Kentucky. Eighth Kentucky... Louisiana Maryland Mas.sachusetts First Michigan Fourth Michigan Minnesota , First Missouri Sixth Missouri Aggregate receipts." Expenses. $402, 515.47 164, 093.73 8,308, 653.18 • 477, 878.56 975, 429.33 3,062, 808.61 611, 534.09 601, 806.64 70, 285.22 11,181, 671,02 31,267, 107.76 10,691, 660.14 888, 686,44 7,717, 062.99 17,461, 489.62 600, 841.14 650, 325.50 750, 476,32 1,616, 285.77 12,519, 519,88 3,376, 705,36 2,325, 088.-88 2,131, 418.91 2,453, 925,47 b 7,410, 911.17 6,956, 588.74 3,661, 453.46 889; 141.96 2,161, 062.84 13,009, 406.81 1,202, 917.06 $34,756,42 30,011,98 88,682.71 81,752,20 27,144,73 42,699,78 20,007.16 73,415.64 10,299.49 91,202.25 134,112,02 69,464,16 22,474,45 77,023,39 88,547.46 17,414,98 21,595.49 21,982.14 87,412.67 277,918.65 106,194.84 182,407.97 114,881,44 37,638.92 163,379.16 80,488,87 • 31,701.69 16,676.03 37,048.74 63,736.41 48,507,17 Average iiumber Cost to of persons em- collect $1, ployed. .195 .027 ,066 .028 .014 .033 .122 .147 .008 .004 .006 .025 .010 .005 .029 .033 .029 .054 .022 .031 .057 .054 .015 .022 .013 .009 .019 .017 .006 .040 "Based on reports of collectors, bIncludes $373,378.86, receipts from tax on money orders for third and fourth quarters of the fiscal year ended June 30,1901, turned over by the Postmaster-General to the district of Maryland. The cost to collect in that district is based upon the total receipts of the same, less tax on money orders, for which no expense to collect w£vs incurred, 117 SECRETARY OP T H E T R E A S t J R y . TABLE 0.—STATEMENT SHOWING THE AGGREGATE RECEIPTS, EXPENSES, NUMBER OP PERSONS EMPLOYED, ETC.—Continued. Aggregate receipts." Collection districts. Montana Nebraska New Hampshire First New Jersey Fifth New Jersey New Mexico First New York Second New York Third New York Fourteenth New York Twenty-first New York Twenty-eighth New York . . Fourth North Carolina Fifth North Carolina North and South Dakota First Ohio. Tenth Ohio Eleventh Ohio Eighteenth Ohio Oregon First Pennsylvania Ninth Pennsylvania Twelfth P e n n s y l v a n i a . . : . . . Twenty-third Pennsylvania South Carolina Second Tennessee Fifth Tennessee Third Texas Fourth Texas Second Virginia Sixth Virginia West Virginia First Wisconsin Second Wisconsin : Total Expenses. AVERAGE Average number Cost t o of pers o n s e m - c o l l e c t $1. ployed. $792,657 23 2,859,789 02 964,528 68 380,136.16 7,656,810.19 76,730.18 5,448,006.40 10,801,126,46 10,138,099,30 6,410,838.42 2,642,286,82 3,354,474 37 2,910,494 83 2,708,164 67 157,927 87 15,854,774.90 1,761,602.72 . 1,854,818,39 2,612,868,50 1,092,016.89 8,672,980.96 3,106,257,91 1,774,87L27 . 9,287,559.09 468,076.29 424,920.99 I,515,556.88 796,283.56 347,699.02 2,710,841,97 1,387,446.97 1,401,375.66 8,948,801.75 1,081,14L47 $25,052,40 41,678,86 24,895,07 16,877,93 38,440,99 11,832.13 51,670.38 81,789.25 62,824.21 45,197.72 36,670.45 48,114.50 107,728,65 168,651, 69 15,435,85 164,843,40 35,45L84 32,496.92 41,382.71 39,015.79 96,812.88 66,313.34 35,787.24 148,611.54 29,848.22 37,293.40 66,041,85 22,059.30 21,672.68 42,287,48 92,569,22 39,648.08 62,467.42 21,495.52 14 18 14 8 25 5 28 30 32 21 17 23 34 88 8 41 16 17 19 25 36 29 16 32 9 14 24 12 11 25 84 21 27 12 271,867,990.25 8,962,332.22 1,849 $0,032 .015 .026 .044 .005 .154 .009 .008 .006 ,007 ,014 ,014 .037 .062 .098 .010 .020 ,017 .016 ,086 ,011 ,021 .020 ,016 • .065 .088 .044 .028 .062 .016 ,067 .028 .007 ,020 "Based on reports of collectors. NoTE.—The foregoing statement of expenses does not include salaries and expenses of internalrevenue agents, salaries of the officers and clerks in the office of the Commissioner of Internal Revenue, amounts expended in detecting and punishing violations of internal-revenue laws, cost of paper for internal-revenue stamps, and certain miscellaneous expenses. Amount of expenses as above stated. $8,962,332.22 Expenses not included in above. 641,655.60 Total expenses for fiscal year ended June 80,1902 Cost to collect $1 , : . . . . 4,603,887,82 $0,017 TABLE P.—STATEMENT OP CUSTOMS BUSINESS FOR THE FISCAL Y E A R E N D E D J U N E 30, 1902. 00 Vessels e n t e r e d . Vessels c l e a r e d . Alaska (Sitka), Alaska Albany, N . Y : Albemarle (Elizabeth City),N.C Alexandria, Va Annapolis, Md Apalachicola, Fla A r i z o n a ( N o g a l e s ) , Ariz Aroostook (Houlton) Me Atlanta, Ga Baltimore Md Bangor, Me B a r n s t a b l e Mass Bath, Me Beaufort, N. C B e a u f o r t , S. C Belfast, M e B o s t o n a n d C h a r l e s t o w n (Bost o n ), M a s s Brazos (Brownsville), T e x Bridgeton, N . J B r i s t o l a n d W a r r e n R. I Brunswick, Ga Buffalo Cueek (Buffalo), N . Y . . . . Burlington, Iowa Burlington (Trenton), N. J Cairo 111 Cape Vincent, N. Y Castine Me . C h a m p l a i n (Plattsburg), N, Y C h a r l e s t o n , S, C Chattanooga, Tenn C h e r r y s t o n e (Cape C h a r l e s C i t y ) , Va C h i c a g o , 111 Cincinnati, Ohio . . . Columbus Ohio C o r p u s Christi, T e x C o u n c i l Bluffs I o w a C u y a h o g a ( C l e v e l a n d ) , Ohio FRASER Delaware (Wilmington),Del Digitized for DocuEntries ments of m e r - i s s u e d Coast- . c h a n - to veswise, dise. sels. Foreign. Coastwise. 809 415 2 434 61 38 815 14 19 12 i,49i 18 11 • 52 • 739 24 8 1.5 2,187 2 2 6 8 85 21 11 23 53 5 2 1,022 28 2 2 141 " " b i d 3,616 2,283 1,697 1,160 14 1,806 Foreign. V a l u e of e x p o r t s . 250 386 2,970 1,160 20 2 39 59 2 160 """565" 2,159 3,663 653 1,689 7 6 1,871 108 ""'"434' 1,547 14 1,294 66 569 5 1,241 • 96 143 8,468 230 8,416 756 88 7,264 21 1,058 82 7,017 27 .251 225 192 111 438 82 Duties a n d tonnage tax. A g g r e g a t e re. ceipts. $75,542.81 159,770.79 $84,126,45 159,89L19 2,00 864.46 20,00 2,169.75 145,905.99 45,741.91 19,992.32 3,517,819.75 185,268.55 867.89 7,150.08 8.00 1,020.48 1,538,52 $74,696 $2,537-, 325 5,125 271,836 4,947,103 29,487 49,419 80,503,075 4,199,Oil 21,077,872,43 5,498.76 269.47 604.60 7,146.08 848,848.34 49.95 74.56 645,129 25,025 101,759,175 153,902 226,388 7,388,808 15,557,827 802.27 9 2,501 1,649 116 12,869 ""i*589' 134 10,972 460 47 207 36 219 34 6 175 42 1,668.42 144,768.91 88,936,29 17,174.84 3,445,240,61 185,094,10 205,47 6,927.78 1,017 3 894 40 168 416 34 22 29 110 278 406 177 33 20,964,028.29 4,439,81 147.36 591,70 5,99L93 840,411,44 51,232 625 4 22,707 " 2,534 38 22,005 228 732 464 83,777 117 8,471 872 1,459 66 8,546 """'454' 191 72 is" 609. 36 1,811.01 9,46 52,278.13 8,121.24 460,918,79 82,059,26 53,407.48 8,186.11 462,044.60 34,344.25 4.60 9,296,580,17 967,486,36 77; 370.40 78,225. 9& 9,417.58 1,125,764.63 15,318.22 2.00 9,325,722.46 969,715.19 77,418.90 77,379.02 9,417.58 1,128,784.21 16,027.44 Expenses. Foreign, Domestic. 4,535 183,234 7,242 658,606 187, 609 10,690 7,849,247 5,857,864 46,931 6,045,840 118,928 7,313,618 893 3,857,259 4,565,775 1,530 Average n u m - Cost t o b e r o f collect persons $1. employed. $66,292,48 13,259,11 1,691.98 I,899.29 1,155,00 8,510,54 88,979,32 17,799.84 2,788.89 264,655.21 20,332,06 4,069.33 6,199.37 1,655.61 8,608.70 2,719,39 40 8 2 2 2 4 27 15 2 182 16 7 6 2 4 6 ° $0,788 .083 845, 990 1.619 57,750 1.618 .288 .389 ,139 .075 .110 11,061 ,867 206,951 8.586 1,768 703,804,63 31,781,72 1,572,69 244.14 6,535,94 57,772.19 391,85 162.00 350.00 14,9^7.14 4,859.57 38,942.18 12,997.45 412.15 562 26 6 .033 6,780 5,836 .404 .915 .068 7.845 2,173 971.14 174,980,13 35,168,78 6,051,07 32,924.93 262.00 35,576.86 9,063. 69 1 48 1 2 1 18 6 88 12 2 8 128 23 3 25 2 27 11 .279 1.368 .084 .378 89.598 485.570 .019 ,036 ,078 .426 .028 .032 .566 o o W a GO D e n v e r , Colo Des M o i n e s , I o w a Detroit, Mich Dubuque, Iowa Duluth, Minn Dunkirk,N.Y E a s t e r n (Crisfield), M d . . - E d g a r t o w n , Mass Erie, P a Evansville, Ind Fairfield (Bridgeport), Conn F a l l R i v e r , Mass Fernandina, Fla F r e n c h m a n s B a y ( E l l s w o r t h ) , MeG a l e i i a , 111 Galveston, T e x Genesee (Rochester),N, Y G e o r g e t o w n , D. C G e o r g e t o w n , S. C G l o u c e s t e r , Mass Grand Rapids, Mich Great Egg Harbor (Somers Point j , N J Hartford, Conn • Hawaii H u m b o l d t ( E u r e k a ) , Cal H u r o n (Port Huron), Mich Indianapolis, Ind K a n s a s City, M o .' K e n n e b u n k , M e -. K e y West, F l a Knoxville, Tenn L a Crosse, W i s Lincoln, Nebr Little Egg Harbor (Tuckerton), N.J L o s A n g e l e s , Cal Louisville, K y Machias, Me M a r b l e h e a d , Mass Memphis, Tenn Memphremagog (Newport), Vt..Miami (Toledo), Ohio Michigan (Grand Haven), Mich. M i l w a u k e e , Wis M i n n e s o t a (St. P a u l ) , M i n n Mobile,- A l a M o n t a n a a n d I d a h o (Great Falls), Mont N a n t u c k e t , Mass Nashville, T e n n N a t c h e z , Miss 2,069 2,807 . 1,992 2,922 3,315 91 258 1 '3,'370' 27 946 1 914 100 35 71 42 315 1,100 11 2 210 16 1,608 765 269 178 458 60 37 66 35 127 29 877 658 225 381 1,100 350 178 1,161 166 20,676 221 2,468 17 4 234 98 510 105 10 21 1,105 1,623 1.261 1 119 240 882 125 2,049 6 118 26 1,600 142 5 512 27 2,029 26 1,225 4,876 2 7,389 667 1,404 8,395 14 289 17 428 12 788 51 135 258 398 135 80 234 8 218 .17 97 46 610 220 53 15 259 141,067.06 28,685.56 1,331,919.98 31,845.76 52,029.46 1,587.06 343.52 111,567.07 41, 713.78 196,585.47 41,709.04 8,028.61 139.20 214,414.48 319,918.84 113,064.73 11,812.43 61,786.81 1,324.35 228,624.07 1,306,610.11 2,093.27 405,978.40 156,184.80 263,739.92 386,628.67 1,229.87 52 175 107 80 209 208 74 56 352 2,866 9,072 14,925 210 231 65 53 354 667 2,859 9,092 14,967 951 1,249 24 28 169 19,889 716 19 2,740 3,562 759 757 89 49 78 305 104 270 489 58 219 143,551.83 28,720.08 1,336,543.96 31,899.37 65,200.05 1,542.89 n.80 501.89 112,562.51 41,739.94 197,097.23 41,910. 77 3,947.17 424. 39 1,881,68 229,711.35 1,827,518,23 2,195,77 411,646,82 156,671.04 265,377,95 15.00 401,706.63 1,280.87 5.05 7,922.16 280,248.69 349,237; 25 2,504,30 5,040,07 69,426.62 267,583,26 124,488.05 4,795. 95 521,640.05 827,947.50 122,875.48 125,119.83 13.25 16,573.09 17,938,090 "2,'632," sis' 1,680 8,870 3,111,202 220,821.79 828,228.15 115,035. 93 2.90 13,756.24 61,823.-52 279,568.53 850,174,10 1,701,41 4,609.76 58, 752.92. 268,851.01 123,149.90 4,726.82 519,208.02 823,884.71 81,808,60 *'i6,'533."69' 114,965 96,213,740 1,205,452 32,995 3,668 54,365 319,550 ;, 878,533 16,028 7,232 674,169 9,182 12,541 2,328 22,800 1,420,867 559,970 78,792 324,997 803,678 12,480,758 890 544,237 1,064,759 5,994 !• 8,476.11 1,124.03 77,109.89 396.95 14,297.81 1,214.71 8,823.82 2,420.67 6,506.47 2,885.86 10,034.98 4,748.51 2,828.66 8,683.92 851. 65 47,941.19 19,609.21 18,222.15 408.40 17,048.67 4,821,88 2,229.24 11,284.14 96,982.82 3,070,02 56,177.88 10,926.00 16,166.36 131.90 31,850.02 492.67 863,12 1,762,82 2 .069 ,089 .058 63 .012 2 .259 13 .787 2 2 281.680 4.828 4 .058 4 .069 2 .051 7 .118 3 .717 3 8.681 5 :L .218 86 .061 15 .115 8 2 140.827 1,239 13 ,078 2 4 6 75 1 52 6 9 2 25 ;L 2 . 2 •838,15 15,812.12 16,507,90 4,447,19 2,172.71) 6,316,45 43,918.25 9,010,10 8,665.09 19,038.49 42,860.49 18,888.12 2 12 9 5 3 4 38 7 14 20 80 16 26,901,31 362.25 2,663.85 500.00 18 :L 2 .1 C/J W ^i L618 .049 .073 1.398 ,134 .070 ,061 8,793 .079 • .400 71.905 .222 k! ,056 .044 1.776 ,431 ,106 ,164 .072 1.807 ,037 ,052 .488 d 0 ^ w CO ,215 27,340 ,161 M CO TABLE P.—STATEMENT OP CUSTOMS BUSINESS FOR THE FISCAL Y E A R E N D E D J U N E 30, 1902—Continued, o Vessels e n t e r e d . Vessels c l e a r e d . Foreign. Newark, N. J N e w B e d f o r d , Mass" Newburyport, Mass New Haven, Conn New London, Conn N e w Orleans, L a N e w p o r t , R. I Newport News, V a N e w York, N. Y . N i a g a r a (Niagara Falls), N. Y N o r f o l k a n d P o r t s m o u t h (Norfolk), V a North a n d South Dakota (Pembina), N. Dak Omaha, Nebr Oregon (Astoria), Oreg Oswegatchie (Ogdensburg), N, Y. Oswego, N , Y ..; Paducah, K y P a m l i c o ( N e w b e r n ) , N . C ...-. Paso del N o r t e (El Paso), T e x Passamaquoddy (Eastport),Me.P a t c h o g u e , N. Y Pearl River (Shieidsboro), Miss.. Pensacola, Fla P e o r i a , 111 : Perth Amboy, N. J Petersburg, Va Philadelphia, P a Pittsburg, P a P l y m o u t h , Mass P o r t Jefferson, N . Y P o r t l a n d a n d F a l m o u t h (Portland) , Me Porto Rico Portsmouth, N. H Providence, R. I Puget Sound (Port Townsend), Wash Richmond, Va Coastwise. Foreign. 49 12 1,072 18 208 4,385 1,048 3 657 3,091 815 72 51 2 23 25 1,123 13 479 3,716 1^044 82 2,202 677 48 31 114 749 477 2,448 149 1 438 20 12,971 218 5,172 474, 282 26,229 166 106 12 291 159 301 140 416 6,527 21 1,857 81 801 437 "249' 2,849 453 14 6,056 507 875 3,265 1,855 . 751 3 338 9 92 8,214 826 135 1,069 1,118 "306' 10 936 1,167 1 10 1 '729 "i45' '739" 134 294413 96 124 100 88 '286 35 *i,"i62' 123 1 1,128 "i,"io2' "i,'636' '""ii' """"io' 340 402 9 78 423 2,013 2,429 3 771 •7 842 V a l u e of e x p o r t s . .DocuEntries ments of m e r - i s s u e d Coastc h a n - to veswise. dise. 69 133 1,148 682 28,961 2,582 13 Duties a n d tonnage tax. A g g r e g a t e receipts. $107,739.37 86,276.42 $980,165 $110,488.24 87,023,16 5.00 61,954. 75 62,521,04 946.10 1,106, 52 6,077,889. 05 3,'587,462 6,048,891.10 31,343.21 31,613.50 1,079,264.82 1,087,242.23 165,809,587.67 166,807,010.38 11,168,310 907,286 352,035. 90 395,939.67 12,774.94 17,268.18 88,302. 25 98,292.58 19,780.07 288,364.48 107,609. 52 89,734. 63 99,510.78 20,952.87 241,482.02 107,815.97 252 366 461 220 14 635 9 1,046 213 16 60 608. 55 318,415.54 108,095. 54 1,617.25 325,679.51 110,352.92 8,875.22 100,838,83 37,404,08 44,560, 54 226,774.08 19,242,540.16 603,174.88 1,813.44 11,161. 06 103,368.03 87,467,68 47,419.10 229,613.88 19,299,485.12 603,709.13 1,863.94 20.00 163,264. 91 912,269.98 3,252.07 801,877,73 175,921. 82 922,327.19 3,453.03 303,367,57 872,107.95 134,834,26 907,057, 28 184,948,48 76 267 315 398 80 56 402 2,021 3 215 •2,372 5,328 22 1,720 380 63 85 228 2,570 2 643 12,488 254 1,499 118 Expenses. Foreign. 33,034 7,684 80 27,021 35,306 223,592 46,210 Domestic. $121,404 89,961 80,750 180,899,401 83,504,730 479,193,885 8,429,831 7,088,245 13,095,81 10,746,406 22,266.51 9,488.60 18,088. 50 29,821.44 14,681.60 362.00 6,190.77 44,331. 57 .28,781,81 610.55 8,888.89 14,216.69 I,581.87 11,165.14 8,425.75 510,445, 74 17,483.97 1,474.81 158,758 4,184,036 1,811,162 602 7,004,800 655,652 2,155,013 14,466,928 2,410,597 ""232,'ois' 9,293 42,852 $10,920.03 7,161.92 627.00 8,905.87 4,956.48 238,986.20 3,280.60 47,014.07 1,159,514,81 64,276, 66 204,885 '86,"i5i*396" 14,315,725 4,012,838 11,617 83,664,278 Average n u m - Cost t o b e r of c o l l e c t persons $1, employed $0.099 .082 5 2 125.400 .142 7 4.479 5 .039 204 .104 4 .043 43 .019 2,234 51 . .162 ^758 16 5 16 28 12 2 5 33 . 20 2 6 12 2 6 5 491 10 2 2 .248 .095 .625 .128 .137 SI c fed H O i^ H w >-H 3.210 .136 .216 ,796 ;137 .042 ,235 ,037 .026 ,029 ,791 52,173.33 52,489.06 3,766.72 20,196,08 ,297 .057 1,091 .067 108,085.43 6,701,14 .119 .050 o cc R o c k I s l a n d , 111 Saco, M e Sag Harbor, N, Y St A u g u s t i n e F l a St, J o h n s ( J a c k s o n v i l l e ) , F l a St, J o s e p h , M o . St. L o u i s , M o St. M a r k s ( C e d a r K e y s ) , F l a . St M a r y s G a S a l e m a n d B e v e r l y ( S a l e m ) , Mass S a l u r i a ( E a g l e Pass) T e x S a n Diego, C a l : Sandusky, Ohio . . S a n F r a n c i s c o , Cal Savannah, Ga S i o u x City I o w a S o u t h e r n O r e g o n (Coos B a y ) , O r e g . S p r i n g f i e l d Mass Stonington, Conn Superior (Marquette), Mich Svracuse N Y Tampa Fla . . Tappahannock Va Teche (Brashear), La Vermont, (Burlington), Vt VicksburfiT Miss Waldoboro Me ... Wheeling W Va W i l l a m e t t e (Portland"), O r e g Wilmington, N . C Wiscasset Me 6 1 10 2 65 44i^ 80 2 63 181 539 670 203 34 85" 96 "'"ios" 2,295 , 644 470 677 650 261 4 2 426 19 184 17 2,811 729 481 1 2 18 2,601 13 8,113 22 2,508 6 8,185 176 260 318 155 162 143 14 '145 ""26i" 235 101 1 83 1 30 56 83 278 88 6 24 157 88 19 160 78 73 24 88,030 93,145 38,016 91,050 York, Me Total Amount of expenses reported by collectors as above. Expenses not included in above °.... Total Cost to collect $1 -- 5 30 322 414 4,968 182 22 372 58 111 3 242 39 18 96 70. 18 127 1,194 187 23 2,597 551 283 33,718 181 48 42 269 25 """rii" 1,583 164 497 3,080 " " 2 0 6 " 212 209 24 24,873 33 429 84 187 8 108 2,201 108 43 123 31 5 7 924,674 85,660 39.51 3,049.39 38,748.83 126,938.65 2,249.79 7,504,274.16 36, 374.96 16,380.57 93.42 45,195.65 8,790.99 59,357.19 90,908.68 1,002,212.68 4.55 . 26.00 1,596.02 5,357.59 49,752.97 71,964.60 1,885,698,98 527,90 . 89,51 8,463.86 42,072,92 . 128,183,03 2,312.44 7,551,217,78 89,583,12 16,402,47 98,42 45,267.97 3,972.64 60, 625.25 91,881.78 1,008,834.89 562,457,05 46.88 689,202.66 777.00 8,525. 95 716,201.84 6,412.45 491.61 1,809,50 8,607.54 726,401.71 7,885,41 255,522,819,76 257,222,830,99 1,591.05 5,319,16 48,638.10 71,894.01 1,881,639.95 254 289,738 10,646 12,646 4,428,582 243,187 147,403 87,811,891 41,525,193 871,864 286 .6,088 7,770,146 1,782,740 1,735,522 8,112,731 4,338 2,951 i2,i29,867 11,102,171 2,976 26,237,540 1,355,481,761 i,on.oo 677.05 543,05 900,16 1,667,80 5,713,58 5,704,62 52,510,25 823.37 598.85 5,911.05 45,096.29 17,075.13 3,940.15 452,369.44 13,227. 34 971,72 1,279,08 4,529. 27 1,295.76 25,376.09 9,48L00 31,802.79 762.15 3,046.96 66,102,09 538,55 7,445,16 1,753.61 57,254.04 6,998.68 3,879,88 1,034,70 256.00 2 2 8 2 3 3 39 2 1 6 84 16 8 292 9 2 2 3 2 80 6 28 2 8 60 1 7 2 39 4 3 2 1 7,673,830.69 $7,678,830, 69 258,766.71 7,932,686.40 0.0308-f 148.802 20.887 .564 .811 .115 .079 .028 1.660 15.030 1.706 1,072 ,133 1,704 .060 .334 .059 12.996 .100 .033 .419 .103 .082 t> td 65.696 .112 H o CD a 1^ 5.685 .486 .079 .893 8.843 > w Ci Ed Hi APPENDIX TO THE REPORT ON THE FINANCES, 123 A.I>I^E]Sri3IX, REPORTS OF HEADS O F BUREAUS. REPORT OF THE TREASURER. TREASUKY DEPARTMENT, O F F I C E OF THE TREASURER, Washington, D . C., Novemher 10,190%. SIR: The magnitude of the available cash balance and the unprecedented holdings of gross gold are the striking features.of the condition of the Treasury at the close of the fiscal year 1902. The transactions for the twelve months then ended, are marked, first, by the diminution of the revenues due to the repeal of war taxes by the act of March 2, 1901, and the reduction of expenditures from the progress of peace in our new possessions, and second, by the large increase in gold certificates outstanding and the continued change of other kinds of Government paper currency into denominations of $10 and under. In the first quarter of the fiscal year 1903 the diminution of internal revenue continued in larger ratio from the effects of the act of April 12, 1902, repealing war taxes, while the customs increased still more, and the expenditures advanced considerably as compared with the July, August, and September preceding. REVENUES AND EXPENDITURES FOR 1901 AND 1902. The comparison of net ordinar}^ revenues and expenditures for two years is stated by sources of receipts and classes of payments: Account, 1901. 1901 Increase. $238,585,455.99 307,180,663.77 2,965,119.65 88,954,098.12 $254,444,708.19 271,880,122.10 4,144,122.78 82,009,280.14 $15,859,252,20 587,685,337.53 562,478,233.21 17,038,255,33 Decrease. REVENUES. Customs ^ Internal revenue Lands. Miscellaneous Total.. Net 1,179,003,18 $35,300,541,67 6,944,817. 98 42,245,359.65 25,207,104.32 EXPENDITURES. Customs Internal revenue . Interior civil Treasury proper.. Diplomatic Judiciary War Department . . . Navy Department Indians Pensions Interest Total Net Surplus 29,516,890.79 28,012,620.16 6,990,282.72 8,536,348.58 18,739,784.09 18,328,329.16 54,808,006.95 • 58,787,190.75 2,765,734.01 3,817,900.86 6,018,285.05 .6,929,954.40 144,615,697,20 . 112,272,216,08 67,803,128,24 60,506,978,47 10,049,584,86 10,896,078,35 189,328,621. 99 • 138,488,559.78 29,108,044,82 32,842,979,04 609,967,858.15 471,190,857,64 77,717,984.88 91,287,375,57 2,546,065.86 88,330.65 7,296,149,77 9,930,546.28 1,604,270.63 5,411,454,98 3,979,188.80 652,166. 34 32,343,481.12 846,488.49 835,062.26 8,234,934.22 48,707,041.79 38,776,495.51 125 126 R E P O R T O N T H E FIISrANCES. The record shows net reductions in 1902, as compared with the preceding twelve months, of $25,207,104.32 in the revenues, which are 'more than offset by net reductions of $38,776,495.51 in the expenditures. The result is an increase in the surplus in 1902 over 1901 of $13,569,391.19. The chief falling off is in internal revenue of $35,300,541.67, due to legislation, while the miscellaneous receipts are $6,944,817.98 smaller. Customs, on the other hand, are $15,859,252.20 greater. ' The expenditures show a falling off in every class except internal revenue, judiciary, and the Navy; in the last an increase of $7,296,149.77 appears. The chief reduction is for the War Department, which cost $32,343,481.12 less than in the preceding year. The next in magnitude of reduction is interior civil, of $5,411,454.93. F o r the Treasury the expenditures show $3,979,183.80 decrease. For customs, $1,504,270.63 less was spent. Disbursements for diplomatic purposes fell off $552,166.34; for Indians, $846,488.49, and for pensions, $835,062.26. In the outlay for interest there is the large reduction of $3,234,934.22. TRANSACTIONS IN THE PUBLIC DEBT. The Government bonds were much less active in the past fiscal year than in the one before. ' The receipts fell to $2,370, a reduction of $138,816,730, while in disbursements for this purpose the reduction was $118,704,790. The total receipts on account of the public debt show a decrease of $59,158,164, while in disbursements there was a decrease of $68,053,333.78. The excess of receipts over the preceding year was $8,895,169.78. The items follow: Account. 1901. 1902, Increase. Decrease. RECEIPTS. United States bonds United St'ates notes National-bank notes Gold certificates Silver certificates Total Net $138,819,100,00 91,680,000.00 12,882,868.50 114,570,000.00 200,852,000.00 $2,370,00 101,520,000.00 32,735,434.50 129,880; 000." 00 235,508,000.00 $9,840,000.00 19,852,566.00 15,310,000.00 34,656,000.00 658,803,968.50. 499,646,804.50 79,658,566,00 174, 926,620,00 2,578.78 91,680,000,00 28,244,000,00 18,626,437,60 53,409,490.00 181,853,000.00 3,706,000.00 56,220,830,00 8,088.00 101,520,ooo; 00 17,783,000.00 20,085,274.60 72,255,600.00 216,525,000.00 1,458,837. 00 18,846,110.00 84,672,000.00 662,446,126.28 484,892,792.50 64,817,456.22 6,357,842,22 15,253,012.00 8,895,169.78 $138,816,730,00 188,8] 6,730.00 59,158,164.00 DISBURSEMENTS. United States bonds Fractional currency United States notes Treasury notes of 1890 National-bank notes Gold certificates Silver certificates Currency certificates Total Net Excess of receipts 509. 22 9,840,000.00 118,704 790 00 10,461,000.00 8, 705,000. 00 132,870,790.00 •68,053,333.78 127 TREASURER. ORDINARY AND DEBT TRANSACTIONS COMBINED. By the combination of the footings of the two preceding tables the total receipts and disbursements are set forth: Account. 1901. 1902, $587,685,337.53 658,803,968.50 $562,478,283,21 499,645,804,50 $25,207,104.32 59,158,164.00 1,146,489.308. 03 1,062,124,037.71 84 365 268 32 Increase. Decrease, RECEIPTS. Ordinary Debt Total DISBURSEMENTS. Ordinary Premium on debt Debt Total Excess of receipts 509,967, 353.15 14,649,572.95 652,446,126,28 471,190,857, 64 14,043,391,14 484,392,792.50 1,077,063,052.38 969,627,041.28 69,426,253, 65 92,496,996,43 88,776,495.51 606', 181.81 68,053,333.78 107,436,011.10 $23,070,742,78 Thus the total receipts of the Treasur}^ for 1902 are less by ' 1:,365,268.32 than for 1901, and the total disbursements are less by $107,436,011.10. The total transactions show an excess of receipts of '$23,070,742.78. FIRST QUARTER OF TWO YEARS. In July, August, and September of two fiscal years the ordinary revenues and expenditures by warrants were as here stated: Account. 1902. 1903, Increase. Decrease. REVENUES. Customs Internal revenue Publiciands Miscellaneous $62,799,789,70 73,121,830,61 912,359.24 6,994,006.17 $78,495,559,88 $15,696,820,18 59,826,852.99 2,117,833.07 1,205,473,83 1,282,524,51 8,276,580.68 Total 143,827,935.72 148,716,776.62 18,183,818,52 27,057,641.84 31,818,602.50 16,681,844.15 2,770,608.68 35,182,278.80 10,513,359.79 .31,085,086.95 85,676,811,24 20,706,338.33 8,597,45L48 36,824,181.09 10,081,185.28 4,027,445.11 3,858,208.74 4,024,994.18 826,842.80 1,191,852.29 123,973,835,76 187,421,004.87 18,929,343,12 $13,294,977,62 13,294,977, 62 EXPENDITURES. Civil and miscellaneous War Navy Interior—Indians Interior—pensions Interest on the public debt Total 482,174,51 482,174,51 Thus the customs receipts for the new quarter increased over the like period of 1902 by $15,695,820.18, while the internal revenue receipts, responding to the recent statute, were $13,294,977.62 less. In miscellaneous receipts there was an advance of $1,282,524.51, and in those for public lands of $1,205,473.83. The total receipts, if the two quarters are compared, show a net increase of $4,888,840.90. The expenditures also are larger in a more conspicuous degree, as the increase reaches $13,447,168.61. The interest on the public debt is less by $482,174.51, but an advance appears in every other item— $4,027,445.11 for civil and miscellaneous; $3,858,208.74 for war; 128 REPORT ON THE FINANCES. $4,024,994.18 for the Navy; $826,842.80 for Indians; and $1,191,852.29 for pensions. Thus for the quarter the receipts exceed the expenditures by $11,295,772.25. In the first quarter of 1902 this excess was $19,854,099.96. By October 31, this fiscal year, the receipts became $13,539,171.53 more than the expenditures. THE RESERVE AND TRUST FUNDS. While United States notes and treasury notes are redeemed in gold to considerable amounts, as stated elsewhere, the redemptions are each day exchanged for gold, so that the reserve fund of $150,000,000 is always kept intact. This movement in United States notes was $6,293,843 less in 1902 than during the preceding year, and in treasury notes was $827,912 greater. For the first quarter of the new fiscal year the like redemptions and exchanges were, in United States notes, $976,660, and in treasury notes $254,800. I n t h e corresponding quarter of the preceding year they were, in United States notes, $3,735,800, and in treasury notes $306,393. ' On June 30, the end of the fiscal year, from the revised figures, the respective funds stood as here stated: RESEKVE FUND. Gold coin and bullion in division of redemption 1150, 000, 000 TRUST FUNDS. [Held for the redemption of the notes and certificates for which they are respectively pledged,] DIVISION OP REDEMPTION. Gold coin Silver dollars Silver dollars of 1890 Silver bullion of 1890 Total DIVISION OF ISSUE. |346, 612, 089 Gold certificates outstanding $346,612, 089 453,997, 000 Silver certificates outstanding.... 453, 997, 000 39,961 !>Treasury notes outstanding. 30,000, 000 29, 960, 039 Total 830, 609, 089 830, 609, 089 On October 1, 1902, the reserve and trust funds were: RESERVE FUND. Gold coin and bullion in division of redemption $150,000,000 TRUST FUNDS. [Held for the redemption of the notes and certificates for .which they are respectively pledged.] DIVISION OF REDEMPTION. Gold coin Silver dollars Silver dollars of 1 8 9 0 . . . . . . Silver bullion of 1890 Total $363, 311,089 465, 752,000 | DIVISION OF ISSUE. Gold certificates outstanding. 1 1363, 311, 089 Silver certificates outstanding . . . . . 465, 752, 000 2, 396,361 [•Treasury notes outstanding. 24,439, 639 855,899,089 Total 26, 836, 000 855,899,089 TREASURER. 129 The statement on November 1, 1902, was: RESERVE FUND. Gold coin and bullion in division of redemption TRUST $150,000, 000 FUNDS. [Held for the redemption of the notes and certificates for which they are respectively pledged.] DIVISION O F REDEMPTION. Gold coin DIVISION OF ISSUE. $367,078,569 Gold certificates outstanding $367,078,569 467,442,000 Silver certificates outstanding : 467, 442, 000 1, 239, 399 iTreasury notes outstanding. 25, 796,000 24, 556, 601 Silver dollars Silver dollars of 1890 Silver bullion of 1890 Total 860,316,569 Total 860,316,569 REDE]MPTI0N OF NOTES IN GOLD. United States notes to the amount of $17,482,590 and treasury notes amounting to $1,274,590 were redeemed in gold during the past fiscal 5^ear. The transactions are natural exchanges apart from special desire for the yellow metal. With the people, the majority is strongly for small denominations of paper for current use, and only a small and nominal minority is for actual gold for any purpose, except for use in the arts, and never from distrust of other forms of money. For export gold certificates are paid for bars. GENERAL FUND—CASH IN THE VAULTS. The notable points in the general fund are the increase in many of the figures at the end compared with the beginning of the fiscal year. In gold, metal and certificates, the increment was $5,989,352.55. Standard dollars fell oflf $1,073,767. Silver certificates became $2,068,894 more, and silver bullion $1,294,441.11 greater by reason of the melting of uncurrent subsidiary silver, which was not recoined during the fiscal year. United States notes now passing into the denomination of $10 as redemptions occur are more largely in circulation, and leave $4,246,316 less in the Treasury. On the other hand, there is an increase in national-banknotes of $2,564,188.86. By the special industry of the mints an addition of $874,976.87 was made to the subsidiary silver coin, aiid of $383,249.55 to the minor coin. The old fractional currency is slowly disappearing. By the action of the Secretarj^ of the Treasury, the deposits in national banks to the credit of the Treasurer received additions of $23,779,937.97. At the same time the credits of disbursing officers in the banks grew by $192,635.67. Thus the banks held at the close of the year $123,983,067.59, against $100,010,493.95 at its.outset. No noteworthy changes took place in the outstanding liabilities, as the tables show. The result was that the available cash balance at the end of 1902 was more by $33,780,563.03 than at the end of 1901, and reached the maximum of $212,187,361.16. This condition of the Treasury was foreseen and led to the repeal of the war taxes by the act of April 12, 1902. ' ' FI 1902 9 130 REPORT ON THE FINANOES. By October 1,1902, the available cash balance rose to $221,253,394.12, including an increase for the quarter in gold, metal, and certificates of $32,323,480.12. In silver certificates there was a falling off for the period of $1,258,816, and in standard dollars of $14,825,710. The reduction in United States notes was $8,638,364, and in subsidiary silver $3,380,162.52. National-ba.nk notes increased $3,414,763.97. The deposits in national banks, including those of disbursing officers, grew $9,949,129.82 during the quarter. The tables compare three periods: GENERAL F U N D — C A S H I N T H E VAULTS. [From revised statements.] Kind. Gold coin and bullion Gold certificates Standard silver dollars Silver certificates Silver bullion United States notes Treasury notes of 1890 National-bank notes Subsidiary silver coin Fractional currency Minor coin : • Total In national-bank depositaries: To credit of the Treasurer of the United States To credit of disbursing officers Total J u n e 29, 1901. June 80, 1902. $55,830,608.42 41,981,830.00 18,464,618.00 6,370,444.00 1,838,154.98 16,636,610.00 258,462.00 8,631,386.09 10,587,656,98 1,261,87 686,164.99 210,97 40,213,080,00 17,390,851,00 7,439,338.00 3,182,596.09 12,389,294.00 197,224.00 11,195,574.95 11,462,538.80 146.83 919,404.54 $77,195,786.09 58,929,035.00 2,566,141.00 6,180,622.00 3,310,198.92 3,750,930.00 94,210.00 14,610,388.92 8,082,371.28 141.37 701,445.92 160,135,577.28 167,928,254.18 175,420,070,50 98,613,673,11 6,396,820,84 117,398,611,08 6,589,456,51 126,102,429,57 7,829,767,84 100,010,493.95 297,921,81 123,983,067.59 16,664.79 133,932,197,41 178,191.45 100,308,415,76 123,999,632,38 134,110,888,86 260,448,993.04 291,927,886.56 309,530,459.36 Oct, 1, 1902, Awaiting reimbursement, bonds a n d interest paid Total Aggregate Liabilities: National-bank 6 per cent fund Outstanding checks and drafts Disbursing officers' balances Post-Office Department account Miscellaneous items..'. Total • 13,267,236.27 2,888,662.45 48,097,801.28 9,242,850.67 8,545,644.24 82,037,194.91 79,740,525.40 Available cash balance 178,406,798.18 212,187,361.16 13,851,846.04 3,561,166.48 44,899, 648.10 9,743,648.62 7,684,322.16 12,905,309.79 8,460,788,98 " 57,993,244,37 6,620,897.11 2,296,875.04 ;, 277,065.24 221,258,394.12 By November 1 the available cash balance became $206,421,878.30, and the details on that date follow: . • Gold coin a n d bullion Gold certificates Standard silver dollars Silver certificates Silver bullion U n i t e d States n o t e s . Treasury notes -of 1890. National-bank notes Subsidiary silver coin Fractional currency Minor coin GENERAL F U N D , NOVEMBER 1, 1902. J • ' $89, 220, 558. 49 24,322, 375. 00 568, 664. 00 4, 271, 562. 00 2, 615, 202. 88 3,041,934. 00 47, 722. 00 13, 468, 852. 32 6,909, 608. 31 195. 41 738,377.53 145,205,051.94 TREASURER. 131 In national-bank depositaries: To credit of the Treasurer of the United States. $139, 487,590.17 To credit of disbursing officers 7,397,422.32 146,885,012.49 Awaiting reimbursement: Bonds and interest paid 289,119. 87 $147,174,132.36 292, 379,184. 30 Liabilities: National-bank 5 per cent fund Outstanding checks and drafts Disbursing oflicers' balances Post-Office Department account Miscellaneous items 14,664, 321. 09 9,027, 091. 49 56, 203, 466.94 3,821,455.66 2, 240,970. 82 r- Available cash balance 85,957,306.00 206,421, 878. 30 T H E N E T A V A I L A B L E CASH BALANCE. The available cash balance in the Treasury July 1, 1902, was the largest in our history up to that date. It amounted, including the reserve fund, to $362,187,361.16. For five months in 1879 the figures on record are larger, but they include funds held against called bonds forthe ninet}^ days of notice required by law. The present balance is subject to no such deductions. The current outstanding obligations are not included. The gold reserve is counted in, as it is available for the redemption of legal-tender notes. The sums in national banks to the credit of the Treasurer and of disbursing officers appear to the amount of $123,983,067.59. The subsidiary silver, $11,462,533.80, and the minor coin, $919,404.54 could hardly be used for large payments, nor is the silver bullion to be reckoned for such purpose. The nationaf-bank notes are to their extent a fair offset to the 5 per cent fund in the outstanding liabilities. With such deductions there remained July 1 in the Treasury vaults a little over $79,000,000. As $50,000,000 is deemed a fair working fund, about $29,000,000 could be spared. But proper preparation for the reduction of taxes under the act of April 12,1902, forbade expenditure for any other than current needs. The Treasury was kept in good condition to meet tbe further repeal of the war taxes, taking effect July 1, the effect of which was felt in the first months of the new fiscal year. Nearly one-half of the net available cash balance July 1 was in gold, coin, and certificates, $103,801,290.97 over and above the gold reserve of $150,000,000, and by October 1 it became $136,124,771. This amount far exceeds the outstanding liabilities. As a measure of the financial strength of the Government the fact deserves mention. During the first quarter of the new fiscal year the available cash balance grew by $11,295,772.25, owing to large custom receipts which offset the reduction in the war taxes. The grand aggregate thus surpasses all previous records. The excess above a working fund ran up to $35,000,000, and called for special efforts by the Secretary for its reduction. By November 1, by reason of the large payments for the relief of the money market, the amount above the working fund was brought to about $6,000,000. 132 REPOET OK THE FIJSTAKCES. Comparison with the years since 1890 will make clear the strides in this field: AVAILABLE CASH BALANCE (INCLUDING THE RESERVE F U N D ) , FROM THE STATEMENTS, ON THE DATES NAMED. REVISED Available cash balance. Date. Reserve fund. J u l y 1— 1890 I89I 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 Oct. 1,1902 $100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 150,000,000 150,000,000 .1.50,000,000 150,000,000 -. : : ... ^ : • BONOS BOUGHT FOR THE SINKING Balance, Total. $79,259,887.18 56,847,826.49 29,182,494.70 24,824,804.94 18.885.988.16 96.348.193.17 169,637,307.07 144,466,201.95 109,282,643.13 184,488,516.20 156,827,605.37 178,406,798.13 212,187,361.16 221,253,394.12 $179,259,837.18 156,8^17,826.49 129,182,494.70 124 824 804 94 118,885,988.16 196' 348 193 17 269,637,307.07 244,466, 201.95 209,282,643.13 284,488 516.20 306,827,605.37 328,406,798.13 362,187,361.16 371,253,394.12 - FUND. Out of the surplus of $91,287,375,57 bonds were purchased for the sinkingfund to the amount of $56,071,230 in principal, for which premium and accrued interest were paid of $14,339,211.33, making a total of $70,410,441.33. Of these purchases the transactions under notices of April 9, May 9, and September 10, 1901, were closed October 31, 1901, and amounted to these sums: BONDS BOUGHT FROM JULY 1 TO OCTOBER 31, Loan. Funded L o a n of L o a n of L o a n of l o a n of 1907 1904 1925 1908-1918 Total... 1901. Coupon. Registered. Principal. Interest. Premium. $895,300 509,850 4,991,700 507,040 $9,208,500 $10,103,800 818,800 828,650 8,766,000 13., 757,700 921,280 1,428,320 $62,776. 38 5,619.07 81,205.71 5,145. 39 $1,285,075.57 66,284. 58 5,436,556.23 119,374.79 6,908,890 19,214,680 154,746.55 . 6,907,291.17 26,118,470 Under announcement of October 31, 1901, which reserved the right to discontinue without previous notice, bonds were bought until March 20, 1902, by loans, to the amount here stated: BONDS BOUGHT FROM OCTOBER 31, 1901, Loan. Funded L o a n of L o a n of L o a n of l o a n of 1907 1904 1925 1908-1918 Total Coupons. TO MARCH 20, Registered, Principal. $1,175,750 $12,921,450 $14,097,200 848,750 771,350 1,615,100 1,597,800 11,965,700 18,563,600 388,300 288,660 676,960 4,006,600 25,947,160 29,952,760 1902. Interest, Premiums, $85,766,01 7,486.78 47,064.04 766.81 $1,673,545.38 109,395,67 5,298,653.07 54 505 85 141,073.64 7,136,099.97 133 TREASURER. PURCHASES OF BONDS STATED BY MONTHS. These purchases were made in the several months of the fiscal year, according to the statement given below: Funded loan of 1907. Month. .Tuly August September October November December January February March Loan of 1904. 1901. $918,800 2,346,500 5,869,750 969,250 4,072,450 3,138,400 $350,100 175,950 286,600 16,000 805,400 159,900 $896,620 313,560 657,020 61,120 574,620 64,320 2,091,800 1,953,250 2,841,300 333,800 93,200 222,800 31,240 11,220 . 6,560 24,201,000 2,443,750 1902. Total Loan of 1908-1918. 2,105,: Loan of 1925. Total principal. Cost. $1,665,020 $1,852,193.11 2,886,010 3,186,449.89 $8,860, 600 15,678,970 20,112,270.57 4,897,100 5,943,470 8,029,594,15 6,508,350 11,960,820 15,142,333.95 2,430,750 5,783,870 7,I64,57L88 1,728,100 15,500 2,880,800 4,184,940 2,073,170 5,950,460 5,155,649,00 2,323,034.65 7,444,844,18 27,321,200 56,071,230 70,410,441.33 PURCHASES OF THE LOAN OF 1 9 0 4 . Under an offer inade by the Secretary of the Treasury September 26 to buy bonds of the loan of 1904 at 105 if presented before October 15, 1902, purchases of such securities were made to the amount of $25,300. PURCHASES OF THE LOAN OF 1 9 2 5 . Arrangement was made b y t h e Secretary of the Treasury for the purchase of bonds of the loan of 1925 on October 17 and 18, 1902, deliverable then or on October 20. The cash paid was: Loan, Loan of 1925 Principal. $16,504,300 Premium, including accrued interest. $6,342,229.99 Total, $22,846,529,99 THE PUBLIC DEBT, 1901, 1902, AND FIRST QUARTER OF 1903. The purchases of bonds explain the reductions in the loans of 19081918, of 1907, of 1925, and of 1904. Minor sums are taken from the matured loans, the old demand notes, and the fractional currency. By the withdrawal of securities pledged for circulation of national banks and payment for them in lawful money the cash deposits for those institutions were advanced by $12,667,660 during the fiscal year. The changes in treasury notes and silver certificates very neany balance each other. The increase of $57,624,400 in gold certificates adds so much to the public debt, but every dollar is offset by actual.coin in the Treasury. If allowance is made for that fact, the national obligations instead of showing an increase of $15,283,512 will be proved to be $42,340,888 less at the close of June, 1902, than at the same date in 1901. 134 REPORT ON T H E FINANOES. The table illustrates the situation: Rate. Consolsof 1930 Loan of 1908-1918 Funded loan of 1907... Refunding certiiicates. Loan of 1925 Loan of 1904 Matured loans Old demand notes United States notes National-bank notes . Fractional currency Gold certificates Silver certificates Treasury notes of 1890 When payable. 2 After Apr, 1,1980.. 3 After Aug. 1,1908.4 July 1,1907 4 Convertible 4 Feb. 1,1925 5 Feb. 1,1904 Ondemand .....do do ...do .....do . .do do ...do Total June 29,1901. June 80,1902. . Oct. 1,1902, $446,940,750.00 99,621,420,00 257,376,050.00 33,320,00 162,815,400,00 21,854,100,00 1,415,620,26 58,847.50 846,681,016,00 29,404,309.60 6,876,411,63 288,967,689,00 486,014,000.00 47,783,000,00 $445,940,750.00 97,615,660.00 233,177,400,00 31,980.00 134,994,200,00 19,410,350,00 1,280,860.26 53,847,50 846,681,016,00 42,071,969.60 6,873,323,63 346,582,089,00 453,997,000.00 30,000,000,00 $445,940,750.00 97,516,660.00 283,177,500,00 31,880,00 134,994,200,00 19,410,350.00 1,256,860. 26 63,847.50 346,681,016,00 42,733,894,50 6,873,823,63 363,311,089,00 465,752,000,00 26,836,000,00 2,143,326,933.89 2,158,610,446.89 2,184,668,370,89 0 For July, August, and September of the new fiscal j^ear the gold certificates took on an increment of $16,729,000, and silver certificates of $11,755,000, while a reduction of $3,164,000 occurred in Treasury notes. ANTICIPATION OF INTEREST. Twice during the fiscal year the Secretary of the Treasury gave notice that the payment of the interest accruing for the next quarter would be anticipated. The interest due on October 1, 1901, was paid on September 16, according to announcement on that day. On December I I , 1901, the Secretary of the Treasury directed that five days later the interest should be paid which would fall due January 1, 1902. The amounts so anticipated were: INTEREST FOR OCTOBER, 1901: Loan. Registered. Coupon, Funded loan of 1907 Consols of 1980 . . . $2,010,234.00 2,169,325.26 $472,183,00 60,878,60 $2,482,417,00 2,229,703,75 Total... 4,179,659.26 532,661,60 4,712,120.75 Total. INTEREST FOR J A I^UARY, 1902. Loan, Funded loan of 1907 Consols of 1980 Total Registered. Coupon. $1,884,601.00 2,176,483.00 $516,182,00 58,220.75 $2 400 683 00 2,229,708. 75 4,060,984.00 569,352! 75 4,630,336.75 Total, On September 13,1902, the Secretary of the Treasury authorized the anticipation'of payment of the interest due October 1. The interest on the consols of 1930 was paid immediatelj^ at the date of the notice, 185 TREASURER. and that on the funded loan of 1907 was paid on September 15. items of interest so authorized to be prepaid were: Loan. Funded loan of 1907 Consols of 1930 Total The Registered, Coupon. $1,826,742,60 2,182,^521.00 $505,032,50 47,182.75 $2,331,776.00 2,229,708,75 4,009,268,60 652,216,25 4,561,478.75 Total. October 20, by authority of the Secretary of the Treasury, the interest to accrue November 1, additional to $50,353.25 previously paid with rebate, was anticipated. The total amount of November interest was: Loan, Loan of 1908-1918 Loan of 1904 Funded loan of 1925 . •: Total Registered. Coupon. Total. $389,316.60 139,055.62 1,047,321,00 $342,050.86 103,573.75 302,621.00 $781,867,46 242,629,37 1,349,942,00 1,575,698,22' 748,245,60 2,323,938.82 The Secretary of the Treasuryon September 25 offered to holders of United States bonds the option to receive in advance their interest maturing between November 1, 1902, and July 1, 1903, at a rebate of two-tenths of 1 per cent a month. This amounted to $20,656,252.72. Payments began October 1, and before November 15 the option was taken to the amount of $3,437,572.65, with a rebate of $39,665,94, on the following classes of bonds: ^ INTEREST PREPAID IN OCTOBER AND TO NOVEMBER 15, 1902, Loan, Funded loan of 1907 Consols of 1930 Loan of 1904 '. Loan of 1925 . . . . . . Loan of 1908-1918 Total Average amount of principal on which interest was prepaid. WITH REBATE. Interest, Rebate. $13,836,350 174,788,100 1,679,600 9,168,250 4,504,500 $416,089,60 2,621,07L60 58,993,75 274,036.50 68,881:40 $4,959,06 31,264,01 472.45 2,253,77 726,65 203,826,700 3,487,672,65 39,665,94 BONDS HELD AS SECURITY FOR NATIONAL BANKS. The bonds held by the Treasurer as security for the notes of the national banks were $9,080,700 less at the end of the fiscal year than twelve months before, but in the same interval the securities held for deposits in the banks were $18,953,200 greater, so that the increase in bonds held for both purposes was $9,872,500. The consols of 1930 grow in favor with the banks as security both for deposits and circulation, and their volume so pledged increased $11,525,250 during the year, although in many cases these consols were withdrawn and other bonds substituted. Thus the total of these consols outside of the Treasury was, on June 30, $42,394,250, and on November 1, $35,196,700. 136 REPORT ON THE FINANCES. By October 1 the bonds to secure circulation were $8,988,740 greater than they were three months earlier, while those pledged for deposits were $11,906,520 greater in amount. A maximum was reached November 1, when the securities for circulation became $338,082,270, an increase of $12,079,500 in the month, while those for deposits were $149,216,920, an increase of $11,853,350. At the periods mentioned the securities held for the banks are stated in the annexed tables, and tbe changes during the year are cited: BONDS H E L D FOR NATIONAL BANKS, CLOSE OP JUNE, 1901 DURING 1902. K i n d of b o n d s . Held June Held June 29,1901, 80,1900, Rate. AND 1902, AND CHANGES Deposited W i t h d r a w n Held J u n e during during 30,1902. 1902, 1902, H e l d Oct. 1,1902. TO SECURE CIRCULATION. F u n d e d l o a n of 1891 Consols of 1930. F u n d e d l o a n o f 1907... L o a n of 1925 L o a n o f 1904 L o a n o f 1908-1918 P.ct. 2 $11,009,400 $75,000 2 287,833,950 312,748,650 $25,804,356 221,750 4 16,460,700 6,144,600 386,000 4 7,762,850 2,996, 600 187,000 5 1,801,500 268,900 442,600 3 10,009,640 3,-885,580 284,878,040 326,119,280 Total TO SECURE $75,000. 32,569,800 $305,983,200 $3i6,804,850 1,005,000 5,861,250 7,412, 700 1,354,500 2,028,100 2,569,600 455,900 810,900 3,210,080 1,118,000 4,429,220 36.122.800 27,041,600 F u n d e d l o a n of 1 8 9 1 . . . Consols of 1930 F u n d e d l o a n o f 1907... L o a n of 1925 L o a n of 1904 Loanjof 1908-1918 B o n d s of t h e D i s t r i c t of C o l u m b i a 317,038,580 "326.027.270 ' ' 1 ' ' , . DEPOSITS. 2 2 4 4 5 3 8,017,000 44,569,200 17,381,650 10,857,450 4,964,000 12,336,180 3.65' Total 76,645,100 6,132,100 8,030,950 440,000 4,962,800 20,988,800 8,903,400 2,072,600 952,000 3,770,600 • 75,000 515,000 120,000 93,189,480 96,725,450 31,756,800 7,984,60Q 473,000 8,100,800 488,000 1,934,200 88,598,800 9,562,500 7,002,750 904,000 6,798,600 88,881,600 15,448,350 8,282,7.50 2,076,450 9,642,020 75, oop 560,000 1,002,000 14,065,600 118,426,650 125,333,170 BONDS HELD BY THE ASSISTANT TREASURER UNITED STATES, NEW YORK. TO SECURE DEPOSITS. F u n d e d l o a n of 1 8 9 1 . . . Consols of 1930 F u n d e d l o a n o f 1907... L o a n cf 1926 L o a n of 1904. L o a n o f 1908-1918 B o n d s of t h e D i s t r i c t of C o l u m b i a . - 2 2 4 4 5 3 $1,276,000 5,081,000 2,469,000 3,185,000 1,703,100 8.65. Total $3,627,600 1,000,000 4,166,000 896,600 410,000 350,000 14,114,100 10,040,000 $338,500 1,219,400 4,368,000 166,000 168,100 $8,964,500 20,000 1,020,000 45,000 892,500 350,000 350,000 7,602,000 6,250,000 11,292,000 11,292,000 BONDS H E L D FOR NATIONAL BANKS NOVEMBER 1, R a t e of interest. T i t l e of l o a n . Total 3,65 2 3 • 4 4 5 : 1902. To secure public moneys. T o s e c u r e circulation. I n Washington. I n New York. ,. s t a t e a n d city D i s t r i c t of C o l u m b i a Consols of 1930 L o a n of 1908-1918 F u n d e d l o a n of 1907 L o a n of 1 9 2 5 . . . L o a n of 1904 $8,384,500 520,000 1,020,000 45,000 972,500 $5,675,500 289,400 1,222,000 201,000 164,IOO $820,617,600 6,906,720 8,248,450 2,208,600 1,100,900 $16,377,600 1,110,000 82,241,050 10,436,720 18,868,950 7,587, 750 2,184,950 $361,000 7,885,400 554 600 644,000 1,020,000 45,000 338,082,270 138,806,920 10,410,000 TREASURER. 137 By a ruling of the Secretary of the Treasury, December 6,1899, the deposits in national banks were limited to par on bonds bearing 4 and 5 per cent interest, to 95 per cent of their face on 3 per cents, and to 90 per cent on the 2 per cents (funded loan of 1891). On September 10,1901, these distinctions were removed, and all classes of bonds were made available at par for deposits. The variations in the volume of bonds held for circulation deserve to be noted, for this has fallen off at some times to a considerable amount and at others has increased largelv. Thus, June 30, 1901, the bonds pledged for circulation were $326,119,230, and $330,693,180 October 1, 1901. By June 4, 1902, a minimum for recent months was reached at $315,754,630, growing to $317,038,530 June 30,1902. During the succeeding months the deposits of such securities were frequent and often large, so that the volume by October 1 was $326,027,270; they became on November 1, $338,082,270, the highest on record. This reduction of nearly $14,000,000 between October and June, and increase of nearly $9,000,000 between June and October again, and $12,055,000 more in a single month by November 1, it is fair to recognize as a measure of elasticity in bond deposits in present practice. The banks with securities pledged for circulation on June 30 numbered 4,553, making an addition during the year of 366 (Table 61, p. 250). Those with pledges for public moneys deposited were 577. The classification of banks by amount of bonds deposited for circulation, as they stood at the close of the fiscal year, is interesting. For more than 50 per cent of the banks the deposits are less than $100,000, and for nearly one-third of the banks the bonds fall below $25,000 in each case. The table follows: NATIONAL BANKS GROUPED ACCORDING TO AMOUNT OF UNITED DEPOSITED TO SECURE CIRCULATION, J U N E 30, 1902. Number having on deposit— $5,000,000 or more 1,000,000 or more, but less 500,000 or more, but less 100,000 or more, but less 50,000 or more, but less 25,000 or more, but less 6,250 or more, but less than $5,000,000 than 1,000,000..! than 500,000. than 100,000 than 50,000. than 25,000 ." ST^VTES BONDS 2 25 . 47 853 1,193 932 1,501 • Total number of national banks 4, 553 The largest amount of bonds deposited for this purpose by any bank is $8,308,000. No less noteworthy is it that out of the 1,501 banks with securities pledged for less than $25,000, 479 have bonds for no more than $10,000 each with the Treasurer. This number increased 235 daring the fiscal year. This growth of the smallest banks extends into many States, and keeps on from day to day. I t indicates that in the popular opinion these institutions meet the needs and convenience of the local communities. In most cases the bonds pledged for circulation do not much exceed the minimum required by law, but they start a movement in currency which may develop. In the meanwhile, every bank aff'ords the means for the issue of checks and drafts for use in the neighborhood, and to some degree at a distance. 138 REPORT ON T H E FINANCES. STATE AND CITY BONDS FOR PUBLIC DEPOSITS. Under a ruling of the Secretary of the Treasury the Department, since October 1, 1902, has received from national banks tendering them State and city bonds as a part of the security for deposits of public funds, to release United States bonds, which were at once transferred to secure circulation. To November 15 State and cit}^ bonds were thus substituted to the amount of $20,338,500. They were as follows: State of Maryland State of Massachusetts State of Virginia State of Connecticut State of Maine City of New York, N. Y City of Philadelphia, Pa City of Baltimore, Md City of Albany, N. Y City of Boston, Mass City of Louisville, K y City of Springfield, Mass City of Cleveland, Ohio City of St. Louis, Mo City of Cambridge, Mass City of Paterson, N. J City of Minneapolis, Minn • City of Columbus, Ohio City of Cincinnati, Ohio City of Chicago, 1 1 1 . . . , ". : -. ..-.-.... : : Total. $100, 000 6,219,000 473, 000 50,000 87,000 7,204,000 1,069,000 426, 500 161, 000 963,000 588,000 50,000 674,000 942,000 67,000 14,000 30, 000 128,000 427, 000 666, 000 20, 338,500 T H E MONETARY STOCK. To the general stock of money in the country an addition of $80,198,681 was made during the fiscal year. Of this, $67,955,527 was in gold coin and bullion. There was also an increase of $19,735,259 in standard dollars and of $7,360,991 in subsidiary silver. United States notes remained under the law unchanged. Treasury notes fell oft* $17,783,000.. National-bank notes received an increment of $2,929,904. The gold coin and bullion July 1 was $178,594,611 in excess of all other kinds of money, excluding national-bank notes, which are in a class apart. By October 1 they exceeded all other kinds of money, with the same exception, by $200,368,433. In the first quarter of the new fiscal year standard silver dollars increased $3,225,660; subsidiary silver increased $804,814; nationalbank notes increased $10,321,507, while the Treasury notes decreased $3,164,000. TREASURER. 139 Gomparison may be made from the annexed tables: • MONETARY STOCK. [This statement represents the monetary stock of the United States as shown by the revised statements for June 30,1901 and 1902.] . In Treasury and mints. I n circulation. $494,848,297 453,478,618 10,687,557 $629,790,765 66,921,323 . 79,235,214 $1,124,639,062 620,399,941 89,822,771 .958,914,472 775,947,302 1,734,861,774 16,635,610 258,462 8,631,886 330,045,406 47,624,538 346,110,801 346,681,016 47,783,000 353,742,187 . 25,525,458 722,680,746 748,206,203 . 41,981,330 5,370,444 247,036,359 429,648,556 ..... 47,351,774 Kind. J u n e W, 1901. . . Gold coin a n d bullion. Silverdollars . .. Subsidiary silver . . . . ....;... ..'. Total metallic. United Statesnotes.. T r e a s u r y n o t e s of 1890 National-banknotes . -.. . . . . • Total notes ... . Gold certificates . . . . . . . . S i l v e r certificates T o t a l certificates . . Aerffreefate Total stock. . 676,679,915 2,175,307,962 2,483,067,977 J u n e 30, 1902. Gold coin a n d bullion Silver d o l l a r s . Subsidiary silver . " .. Total metallic . United States notes T r e a s u r y n o t e s of 1 8 9 0 . . . National-bank notes . :.'... . Total notes '. G o l d certificates S i l v e r certificates .... .. . . ... . T o t a l certificates 560,200,300 471,387,851 11,462,584 632,394,289' » 68,747,349 85,721,228 1,192,594,589 540,185,200 97,183,762 1,043,050,685 786,862,866 1,829,913,561 .12,389,294 197,224 11,195,575 334,291,722 29,802,776 345,476,516 346,681,016 30,000,000 366,672,091 23,782,093 709,571^014 733,353,107 40,213,080 7,439,388 306,399,009 446,557,662 47,652,418 762,956,671 Afferresrate . 2,249,390,551 2,563,266,658 624,378,645 77,517,158 91,899,715 1,230,672,772 645,527,822 98,809,323 Novemher 1, 1902. Gold coin a n d bullion Silver d o l l a r s . . Subsidiary silver Total metallic ..... '..... . . . . :^ United States notes. T r e a s u r y n o t e s of 1890 : National-bank notes . Total notes . 1,081,219,399 ^ ^ . . . . G o l d certificates Silver certificates... ; T o t a l certificates Aiarsfresrate ... . . .. ... . . . . . 606,299,127. - 468,010,664 6,909,608 . .. . .. .^ . 793,790,518 1,875,009,917 3,041,934 47,722.13,468", 852 343,639,082 25,748,278 367,007,482 • 346,681,016 25,796,000 380 476 834 16,568,608 736,394,842 752,963,350 24,322,375. 4,271,562 842,756,194 463,170,438 28,593,937 805,926,632 1,126,371,834 2,336,111,992 2,627,963,267 RATIO O F G O L D TO TOTAL STOCK O F M O N E Y . The steady growth in the stock of gold in the country and in its ratio to the total stock of money is significant. In five years the ratio has run up from 36.52 to 46.52 to the hundred July 1; October 1 to 46.79, and November 1, 46.82. The details for that period are quite worthy of attention. 140 REPORT ON T H E F I N A H C E S . RATIO OF GOLD TO TOTAL STOCK OF MONEY FROM JULY 1, 1897. [From the revised statements of the Treasury Department.] Date. July 1,1897 July 1,1898.-..:. July 1,1899.-.--. J u l v l , 1900---:July 1, 1901 J uly 1,1902 October 1, 1902 . . November 1, 1902 MONEY IN Total stock of money. Gold. $1,905,996,619 2,078,574,442 2,190,093,905 2,339,700,673 2,483,147,292 2,563,266,658 2,597,094,935 2,627,963,267 $696,239,016 861,514,780 968,498,384 1,084,384,444 1,124,639,062 1,192,594,589 1,215,234,885 1,230,672, 772 Per cent 36.52 41.54 43.99 .44.21 45.29 46.52 46.79 ' 46.82 , CIRCULATION. The growth in the volume of money in circulation during the year was $74,082,589, carryiiig the per capita from 27.98 to 28.43. 'The element of gold coin ancl gold certificates was the largest part, and the increase reached $61,966,174, and advanced from 40.30 percent of the total to 41.73 per cent. In silver of all denominations, including certificates, there was .an increase of $25,226,146, of which $6,486,014 was in subsidiary coin. The reduction in treasurynotes of $17,721,762 is due to their withdrawal, as elsewhere recorded. During July, August, and September, 1902, the gold factor in the circulation fell off by $9,683,184, to 40.82 per cent of the total; the United States notes and treasury notes show the continued withdrawal of the latter; national-bank notes increased by $6,906,743, and silver ahd its representatives by $23,495,163. The total circulation during the quarter advanced $26,296,100, up to 28.64 per capita. In the month of October the remarkable addition of $60,425,341 was made^to the circulation. Of this $38,019,725 was in gold in both its forms; $14,624,223 in national-bank notes, and in all forms of silver, 18,065,909. In United States notes and treasurynotes, there was a falling ofl of $284,516. The percentage of gold to total circulation thus became on November 1, 41.39, and the per capita 29.36, the highest in our histoiy. Interesting comparisons for years since 1890 are presented in this table: MONEY IN CIRCULATION AT THE E N D OF EACH FISCAL Y E A R FROM Money in circulation. Fiscal year. 1890 1891 1892 1893 1894 1895 i896 1897 1898 1899 1900 1901 1902 Oct.. Nov. United Gold c o i n Nationala n d g o l d cer- a sntda t eTsr enaostuersy b a n k n o t e s . tificates. notes. $505,089,782 527, 382,232 549,662,443 : 501,177,852 562,316,579 528,019,270 . 497,103,183 554,875,027 . . ..T^ . 693,762,052 712,398,969 811,539,491 876,827,124 938,793,298 . . .1,1902.. 929,110,114 1, 1902. 967,129,839 $334,688,977 388,556,064 437,658,596 471,630,040 460,206,031 435,087,154 351,185,115 390,384,139 408,440,459 .421,188,606 392,'980,487 877,569,944 364,094,498 369,671,876 869,887,360 Silver certificates, standard dollars, a n d subsidiary silver. Total. $181,604,937 $407,867,574 $1,429,251,270 162,221,046 .424,281,365 1.497.440.707 446,804,631 1,601,347,187 167,221,517 449,223,387 1,596,701,245 174,669,966 200,219,743 . 438,066, 355 1.660.808.708 431,958,998 1,601,968,473 206,953,051 442,978,546 1,506, 434,966 .215,168,122 469,406,002 1,640,209,519 225,544,351 512,666, 396 1,837,85,9,895 222,990,988 532,683,867 1,904,071,881 237,805,439 550,515,908 2,055,150,998 300,115,112 575,800,093 2,175,307,962 845,110,801 601,026,-239 2,249,390,551 345,476,516 624,621,402 2,275,686,651 852,383,259 632,587,811 2,836,111, 992 367,007,482 1890. Percenta g e of Circu- g o l d coin l a t i o n a n d cerper tificates capita. to total circulation. $22.82 23.42 24.56 24.03 . 24.52 23.20 21.41 22.87 25.15 25.58 26.94 27.98 28.43 28.64 29.36 35.34 35.22 34.32 31.88 33.85 32.96 32.99 38.82 87.74 37.41 89.48 40.30 41.73 40.82 41.39 NOTE.—Currency certificates, act of June : , 1872, are included in the ainount of United States notes and Treasury notes. 141 TREASURER. CIRCULATION AND POPULATION. Our currency keeps more than equal pace with our population. The money in circulation in 1890 was $22.82 per capita, and the increase of population in the United States for the year was 2.1 per cent, while that of the pei'ccapita of circulation was only 1.3 per cent. From 1890 to 1896 the population increased 12.3 per cent, but the per capita of circulation fell off 6.1 per cent. That falling off was 2.1 per cent in 1893, 5.3 per cent in 1895, and 7.7 per cent in 1896, while there was an increase of 1.3 per cent in 1890, 2.6 in 1891, 4.8 in 1892, and 2.0 in 1894. From 1896 the circulation has growii more rapidly than the population. The increase in population of the country from 1896 to 1902 has been 12.4per cent, while in the circulation percapita the growth has been 32.6 per cent.' The increase in mone}^ per capita was greatest in 1897 at Q.S per cent, and in 1898 at 9.9 per cent. In 1902 the population and circulation per capita advanced at nearly the same rate, the former at 1.7 per cent and the latter at 1.5 per cent. The inflow of gold and the consequent issue of gold certificates will, it is likely, keep the percentage of growth of circulation per capita ahead of that of populaiton in the immediate future. The annexed statement will repay perusal.- It presents for thirteen 3^ears the money in circulation, the population, the circulation per capita, the per cent of increase of population, and the. per cent of increa«e of circulation per capita per year. • INCREASE IN POPULATION AND IN CIRCULATION P E R CAPITA. M o n e y i n circulation. Fiscal year. 1890... . 1891 1892. 1893 1894 1895 1896 1897 .1898 1899 1900 1901 : 1902. O c t o b e r ] , 1902 N o v e m b e r 1, 1902. . . - . . .. $1,429,251,270 1,497,440,707 1,601,347,187 1,596,701,245 1,660,808,708 1,601,968,473 .---. 1,506,434,966 1,640,209,519 --1,837,859,895 1,904,071,881 2,055,150,998 2,175,307,962 2,249,390,551 2,275,686,661 2,336,111,992 P e r c e n t of Pienrccr ee an st eof increase C i r c u l a t i o n P o p u l a t i o n . p e r c a p i t a . of p o p u l a - oft i co inr cpuel ra tion per capita per year. year. 62,622,250 63,947,000 65,191,000 66,456,000 67,740,000 69,043,000 70,365,000 71,704,000 73,060,000 74,433,000 76,295,220 77,754,000 79,117,000 79,458,000 79,572,000 $22.82 23.42 24.66 24.03 24.52 28.20 21.41 22..87 25.15 25.58 • 26.94 27.98 28.43 28.64 29. 36 2.1 2.1 1.9 1.9 . 1.9 1.9 1.9 1.9 1.9 1.9 2.5 L9 1.7 .4 .1 1.8 2.6 4.8 « 2.1 2.0 «5.3 "7.7 6.8 9.9 1.7 5.3 8.8 1.5 .7 2.5 "Decrease. ADVANCE IN VOLIBIE OF GOLD. The advance in circulation in the volume of gold-, including certificates, within twelve years by the large sum of $433,703,516 is the measure of the greater strength of our circulation. The addition during the past fiscal 3^ear was $61,966,174. The increase in the future can hardly be less than $50,000,000 to $60,000,000 a year. The mines are thus confirming the gold standard steadily and invincibly. They are creating an inflation oi currency whieh keeps pace with the enterprise and industry of the country. They are contributing to an advance in prices in general commodities, and add impetus to the prosperity of our people. Such an inflation threatens no peril to the 142 REPORT ON THE FINANCES. stability of the currency. While general prices may be advanced moderately without serious disturbance of the monetary and industrial situation, the process can not be continued indefinitely without presenting economic problems of the. first importance. To solve them, data are not yet available. The production of gold throughout the world is likel}^ to go forward, both by greater activity in tlie richer mines and by the application of more efficient processes for securing the metal from the cheaper ores. On the other hand is the question how far new machinery and improved methods may cheapen the cost of articles of prime necessity and of common luxury. These conflicting factors will have broad and important effects upon the markets, and deserve to be carefully watched. Most probably the movement will not be regular and, in one direction, but will vary as the equation of the output of the mines to the products of agriculture and manufactures may vibrate. Yet for the immediate present, and doubtless for a few years at least, the inflow of gold will be in such large measure as to lift the volume of currency to the highest level of all needs of business. WITHDRAWAL OF TREASURY NOTES. Under the act of March 14,1900, silver certificates were substituted for treasury notes as fast as the bullion purchased under the law of 1890 was coined into standard dollars and other treasury notes were canceled on the coinage of subsidiary silver. The result of this process is shown in the annexed table: M a r . 14,1900. J u l y 1,1900. Treasury notes Silver certificates Total Subsidiary coinage o : J u l y 1,1901. J u l y 1,1902. Oct. 1,1902. $86,770,000 408,447,504 $76,027,000 416,015,000 $47,788,000 435,014,000 $30,000,000 453,997,000 $26,836,000 465,752,000 495,217,504 492,042,000 1,656,882 482,797,000 7,266,972 488,997,000 11,191,887 492,688,000 11,774,552 a Bullion purchased under the act of July 14, 1890, used in t h e coinage of subsidiary silver (act March l4, 1900, section 8, from March to October 1,1902). B}^^ the end of the fiscal year 1902 the treasury notes were carried down to $30,000,000 from $86,770,000 on March 14, 1900, and the 'silver certificates at the same dates rose to $453,997,'000 from $408,447,504. The coinage of subsidiary silver in this interval was $11,191,387. The changes in treastiiy notes in the first quarter of the fiscal year 1903 were less rapid. The total volume became $26,836,000, while the coinage of subsidiary silver to that date was $11,774,552. The silver certificates attained the maximum of $465,752,000. UNPARALLELED VOLUME OF GOLD CERTIFICATES. Gold certificates are issued against deposits of coin for that specific purpose, and are paid for gold bullion and for Government obligations. As the customs received are in gold, except about 2 per cent, or less, this is entirely convenient. Indeed, practicall}^ all the revenues are in gold coin or certificates, and thus the expenditures are on the same basis. 143 TREASURER. On June 27 the gold certificates outstanding for the first time exceeded in volume the United States notes, and were $347,179,089. They stood on June 30 at $346,612,089. The increase in the fiscal year was $57,594,400. Of this sum $40,213,080 was in the general fund of the Treasury as a part of its $103,8Q1,290.97 of free gold. By October 1 the volume of gold certificates had reached $363,311,089, an increase of $16,699,000. since the first of the fiscal year 1903. The amount in the general fund of the Treasur}^ was $58,929,035, an increase of $18,715,955. By November 1, the volume was$367,078,569. The growth of gross gold in the Treasury is due to natural causes. No effort is put forth, no artificial means are employed to add to it. I t is, however, growing so rapidly that the demands for currency in large denominations are met by the issue of gold certificates as need arises in any quarter for any Goviernment payments. This increment in the money in circulation is healthful, it involves no peril of reaction, and in volume equals the highest estimates of currency required for the increasing population, enterprise, and trade of the nation. The gold in the Treasury is not idle and useless. I t keeps in active circulation as currency the certificates issued against it, and moreover $346,681,016 in United States notes and $30,000,000 in treasury notes, or over $160,000,000 more than its own value. The question may well be considered whether the United States notes may not properly be turned by Congress into gold certificates. They have much that quality already, and the change could be gradually made as the supply of the yellow metal takes on greater proportions. Those proportions render all our silver currency, paper and coin, strong and sound, equal to the standard prescribed by law. At the beginning of recent fiscal years and in the latest months the gold in the Treasury set apart for the respective uses has been as here shown: GOLD IN T H E TREASURY. For certificates in circulation. J u l y l , 1897 J u l y l , 1898 J u l y l , 1S99 J u l y l , 1900 J u l y l , 1901 J u l y l , 1902 Octoberl, 1902... Novemberl, 1902, $100,000,000 IOO,000,000 100,000,000 150,000,000 150,000,000 150,000,000 150,000,000 150,000,000 General fund (belonging to Treasury). $37,285,339 $41,368,988.57 35,811,589 67,752,727.90 32,655,919 161,104,414. 92 200,733,019 . 72,844,952.68 247,036,359 97,811,938.42 306,899,009 108,801,290.97 304,882,054 136,124,771.09 842,756,194 118,542,933.49 Total. $178,649, 203,564, 288,760: 423,577: 494,848, 560,200, 690,506, 606,299, 827.57 316.90 833.92 971.68 297.42 299.97 825.09 127.49 SOURCES OF GOLD IN THE TREASURY. The payments of customs in New York in the first ten days of 1902 were in gold certificates 98.2 per cent and in gold coin 0.2 per cent. Thus other kinds of money were used only for fractions or small sums. Since United States notes and silver certificates were by law available for customs, no like ratio of gold has been paid in. In recent years the receipts for customs in New York were as stated below, and as the gold certificates when received by the Treasury set free so much gold, no distinction exists in fact between the paper and the coin. 144 REPORT RECEIPTS ON T H E FINANCES. FROM CUSTOMS AT T H E P O R T O F N E W Y O R K , A N D T H E A M O U N T P A I D GOLD, FOR T H E FISCAL Y E A R S N A M E D . Fiscal year. Total receipts. Paid in gold. Amount. 1876 1879 1889 1899 1901. 1902-- a$108,690,266 6 97,343,818 146,889,880 137,482,228 162,973,471 165,443,740 IN a$108,590,256 b87,265,940 125,693,861 107,896,356 181,737,888 166,369,917 Per cent. 100.0 38.3 85.5 78.4 86.1 93.9 a There are no data to show the kinds of money in which these duties were paid, but during this year all duties were payable in coin. '>The collections from July to December, inclusive, were $49,127,818, of which $35,970,357 was gold, equal to 73.2 per cent, while the collections from January to June, inclusive, were $48,216,000, of which $1,295,583 was gold, equal to 2.6 per cent. The customs at all other Treasury offices were paid in about the same ratio in gold, so that frbm this source altogether the Treasury received in that metal about $215,000,000. In addition to.this sum our gross gold has received increments from bullion at the mints and asaay offices during the past fiscal 3^ear in the following amounts, which are clearly new gold added to our resources: • " DEPOSITS OF GOLD BULLION AT MINTS AND ASSAY OFFICES, FISCAL Y E A R 1902. Philadelphia San Fraricisco New Orleans New York Denver Carson Boise Helena Charlotte St. Louis Deadwood Seattle. $1,358, 368. 4.8 44, 592, 759. 89 - . 408, 252. 74 49, 634, 947. 53 15,518, 454. 95308, 798. 46 1, 799, 465. 29 2,174,935. 23 266, 656. 63 86, 233. 31 540,452. 93 15, 353, 800.08 : '. ---... Total.. «. 132,043,125.52 Deposits of gold coin and certificates were made in New York, for transfer of currency to other points, to the amount of $22,021,500 during the fiscal year. In the fiscal year the net exports of gold coin and bullion were $20,394,139. Of gold in ore there^ were net imports of $23,846,443, but this is not reckoned as cash. The subjoined figures cover all kinds of the metal: IMPORTS AND EXPORTS OF GOLD COIN AND BULLION, AND GOLD IN ORE, DURING THE FISCAL YEAR 1902. Kind. Gold coin and bullion Gold in ore Total .,. Imports. Exports. Net imports. Net exports. $27;205,657 24,816,597 $47,699,796 969,154 $23,846,443 52,021,264 48,568,950 3,462,304 $20,394,139 145 TREASURER. TRANSFERS FOR DEPOSITS IN NEW YORK. The deposits in New York for the transfer by telegraph of currency to other points, chiefly Chicago and New Orleans, in the calendar year 1902 began early, and were larger than in any recent year.except 1900. Previous to 1901 such deposits were required in the kinds of money to be paid b}^ transfer, except as the holdings of the Treasury in paper currency were adequate to meet such demands. In that j^ear one-half was accepted in gold and one-half in kind. In the current calendar year all restrictions have been waived, and as a matter of convenience to the depositor gold has been taken and pa3^ments on the transfer made as he wished, usually in United States notes and silver certificates of $10 and under, sometimes part in that form and part in larger denom.inations. The Department has been able to concede these accommodations by reason of turning.all paper except gold certificates into denominations below $20. Upon transfers no distinction between kinds of money is allowed to obstruct transactions. This policy is meant to facilitate the supply of currency at any point south and west for the movement of crops. Thus in 1902 all such deposits were in gold, except $40,000 in United States notes and $37,000 in silver certificates. In August $5,000 in United States notes and $10,000 in silver certificates were deposited, and in October $105,000 was in United States notes. The same privilege to accept deposits for transfer by telegraph, to New Orleans Avas conceded to Chicago on request from that city on July 5, 1902. A single transaction of $50,000 occurred in July and another of $75,000 in October. The tables record the deposits in New York for the months when any were received and the corresponding payments by telegraph: Transactions. 1899—Receipts: In January In March In August In September In October In November. In December Total Paid by the Treasurer and assistant treasurers of the United States: Washington— In January In March In August Total Gold coin . UnitedStates Treasury Silver cerand notes. notes. tificates. certificates. $718,600 10,000 860,000 2,800,000 8,965,000 2,050,000 2,950,000 13,388,500 250,000 260,000 Total. $446,000 $45,000 $50,000 . 596,000 262,500 175,000 7,500 280,000 60,000 $718,500 650,000 860,000 3,676,000 4,295,000 2,226,000 2,950,000 1,477,600 62,500 390,000 16,258,600 380,000 170,000 38,500 88,600 550,000 250,000 380,000 170,000 38,500 888,500 Chicago—" In August. In September In October In December 600,000 1,600,000 2,400,000 300,000 600,000 1,600,000 2,400,000 800,000 Total .4,900,000 4,900,000 250,000 260,000 St. Louis— In December New Orleans— In January In September In October In November In December 150,000 1,010,000 1,565,000 2,050,000 2,060,000 248,900 840,000 262,500 175,000 225,000 50,400 90,000 35,000 675,000 2,075,000 1,895,000 2,226,000 2,400,000 Total 6,825,000 1,751,400 147,900 645,700 9,270,000 FI 1902- -10 7,500 225,700 225,000 60,000 146 REPORT ON T H E F I N A N C E S . Gold coin and certificates. Transactions. 1900—Receipts: In February I n March I n April In July In August In Sentember I n October In November In December $1,500,000 600,000 900,000 150,000 250,000 5,667,000 7,259,000 3,475,000 4,908,000 Total Paid by t h e Treasurer and assistant t r e a s u r e r s of t h e U n i t e d S t a t e s : Washington— I n October Chicago— In February.. In March I n April I n September I n October In November In December Total St. Louis— In September I n October In November Total N e w Orleans— In February In July In A u g u s t . . . I n September I n October. In November In December :... '. i Total 1901—Receipts: In March. I n April I n May In June In July In August I n September I n October In November I n December Total Paid by the Treasurer a n d assistant t r e a s u r e r s of t h e U n i t e d States: Washington— In March In May •.. In July Tn S e p t e m b e r In December U n i t e d States T r e a s u r y notes. notes. $627,000 554,000 Silver certificates. Total. $31,000 $891,000 407,000 226,000 185,000 $1,500,000 600,000 900,000 150,000 250,000 6 585,000 8,251,000 '3,700,000 5,100,000 31,000 1,208,000 27,036,000 12,000 24,604,000 1,193,000 100,000 100,000 200,000 1,300,000 600,000 900,000 500,000 1,655,000 500,000 300,000 100,000 1,075,000 500,000 100,000 20,000 1,300,000 600,000 900,000 600,000 2,750,000 1,000,000 400,000 5,766,000 1,775,000 20,000 7,550,000 655,000 1,058,000 50,000 655,000 674, 000 50,000 190,000 118,000 1,500,000 1,750,000 100,000 1,763,000 1,279,000 308,000 8,850,000 100,000 150,000 250,000 4,155,000 2,746,000 2,875,000 8,874,000 16,000 64,000 185,000 300,000 225,000 185,000 200,000 150,000 250,000 4,485,000 3,551,000 2,600,000 4 700,000 20,000 909,000 15,936,000 13,650,000 20,000 196,000 • 505,000 641,000 1, 357,000 425,000 200, OOO ' 1,480,000 470,000 I,325,000 8,450,000 4,485,000 3.965,000 1,730,000 5,505,000 395,000 200,000 995,000 848,000 1,087,000 3,251,500 3,874,000 3,525,000 I,668,000 6,208,000 37,000 215,000 10,000 132,000 82,000 200,000 70,000 611,000 440,000 25,000 72,000 20,551,600 841,500 10,000 1,682,000 23,035,000 26,000 30,000 358,000 40,000 88,000 128,500 20,000 25,000 200,000 50,000 100 000 25 000 96,000 400,000 Baltimore— In September I n October 30,000 25,000 80,000 25 000 Total 55,000 65,000 Total Cincinnati— I n March I n October Total 200,000 50,000 100,000 5,000 300,000 5,000 ^ 100,000 35,000 17,600 17,500 100,000 70,000 135,000 17,600 17,500 170,000 147 "TREASURER. Transactions. Paid by the Treasurer and assistant treasurer of the United States—C't'd. Chicago— In March In April I n July In August In September In November In December Gold coin United States] Treasury and notes. notes. certificates. Silver certificates. Total. $100,000 120i000 460,000 1,692,000 1,070,000 100,000 800,000 $100,000 40,000 300,000 880,000 620,000 50,000 380,000 $40,000 160,000 678,000 360,000 60,000 120,000 $200,000 200,000 900,000 8,150,000 2,050.000 200,000 1,300,000 4,282,000 2,370,.000 1,398,000 8,000,000 St. Louis— In September. In October 250,000 150,000 180,000 90,000 70,000 60,000 500,000 800,000 Total. 400,000 270,000 130,000 800,000 50,000 735,000 308,000 112,000 585,750 1,875,000 838,000 3,091,000 50,000 413,000 80,000 193,000 180,000 867,250 670,000 837,000 665,000 132,000 82,000 70,000 120,000 852,000 1,026,000 355,000 634,000 100,000 1,280,000 470,000 875,000 300,000 1,805,000 3,570,000 1,530,000 4,180,000 7,594,750 2,845,250 3,170,000 18,610,000 660,000 500,000 700,000 850,000 976,000 233,000 2,280,000 2,855,000 5,096,000 8,425,000 40,000 87,000 "i65,"666' 690,000 500,000 700,000 850,000 975,000 270,000 2,280,000 2,870,000 6,096,000 8,530,000 16,564,000 160,000 47,000 16,761,000 120,000 185,000 106,000 40,000. 116,000 70,000 40,000 60,000 26,000 200,000 350,000 200,000 Total. 410,000 225,000 Chicago— In F e b r u a r y . . In March In July In August In September , In October 200,000 200,000 640,000 565,000 910,000 655,000 200,000 200,000 180,000 460,000 585,000 205,000 100,000 100,000 280,000 225,000 355,000 340,000 500,000 600,000 1,100,000 1,250,000 1,800,000 1,200,000 Total. New Orleans— In March In May I n June I n July I n August I n September. I n October In November. In December. Total 1902—Receipts: I n January In F e b r u a r y . . In March In April In May I n June In July In August In September. In October — Total. Paid by the Treasurer and assistant treasurers of the United States: CincinnatiIll March In April .' In August 5,000 'i6,'66o' 750,000 Total. 3,170,000 1,780,000 1,400,000 6,350,000 New O r l e a n s Ill January In May In June In July In August In September . In October . . . . 445,000 725,000 150,000 730,000 430,000 1,825,000 1,416,000 145,000 160,000 70,000 260,000 266,000 834,000 525,000 100,000 90,000 50,000 190,000 225,000 637,000 890,000 690,000 976,000 270,000 1,180,000 920,000 3,296,000 2,330,000 Total. 5,720,000 2,259,000 1,682,000 9,661,000 148 REPORT ON T H E F I N A N C E S . EXCHANGE PAID FOR GOLD RECEIVED AT WESTERN MINTS AND ASSAY OFFICES. Gold taken by the assay office in New York is paid for by check on the assistant treasurer in that city. At the other assay offices and at the mints the depositors receive for their gold, currenc}^, checks on local banks, or exchange, at their option. Gold coin to the amountof $1,300,000 was transferred from San Francisco to the depositary banks at Seattle for credit of the assay office at that point, to be used in the payment of checks on such banks when gold was desired. After September 17, 1902, payments for . deposits in San Francisco were made in New York on telegraph notice. Such transactions were, up to November 1, $10,473,000. The subjoined table records the exchange paid in Chicago, New York, and San Francisco for the several offices in 1901 and 1902, and for the first quarter of 1903: United states mint, Denver. Exchange. United States assay offices. Boise. Deadwood. Helena. Seattle. ON CHICAGO. Fiscal year 1901. 1900—July August September. October November December 1901—January February March April May June $1,000,000 500,000 500,000 1,000,000 600,000 500,000 500,000 500,000 500,000 500,000 1,000,000 500,000 $150,000 100,000 150,doo $50,000 100,000 50,000 50,000 50,000 150,000 100,000 50,000 100,000 100,000 100,000 100,000 7,600,000 900,000 200,000 1,500,000 1901—July August September. October November. December . 1902—January . . . February.. March April May June... 500,000 500,000 50,000 50,000 50,000 200,000 100,000 100,000 100,000 200,000 100,000 100,000 100,000 100,000 100,000 500,000 150,000 100,000 100,000 150,000 60,000 100,000 100,000 100,000 60,000 100,000 100,000 100,000 Total.: 4,500,000 1,150,000 476,000 600,000 500,000 658,773 500,000 100,000 150,000 100,000 50,000 76,000 150,000 75,000 75,000 300,000 2,158,773 400,000 375,000 550,000 :. . Total. $200,000 100,000 100,000 200,000 , 100,000 200,000 200,000 $400,000 400,000 500,000 50,000 50,000 1,300,000 Mscal year 1902. Fiscal year 1903. 1902—July August September. October Total. 500,000 500,000 500,000 600,000 500,000 600,000 50,000 50,000 60,000 50,000 50,000 75,000 200,000 200,000 100,000 200,000 1,800,000 600,000 250,000 149 TREASURER. United States mints. Exchange. San Francisco. Denver. United States assay offices. Charlotte. Seattle. ON NEW YORK. Fiscal year 1901. 1900—July August September . October November . December.. 1901—January February... March April May June Total. Fiscal year J 1901—July August Seytember October November December 1902—January February March April May June Total $7,500,090 3,000,000 10,000,000 6,000,000 1,800,000 'i*6oo,'6o6' 1,000,000 $985,000 1,017,000 565,000 1,066,000 698,000 1,039,000 904,000 862,000 1,087,000 1,090,000 860,000 658,000 $20,000 20,000 40,000 $2,000,000 8,000,000 2,000,000 3,000.000 20,000 20,000 200,000 20,000 •20,000 20,000 1,000,000 28,800,000 10,821,000 180,000 11,200,000 3,000,000 4,000,000 5,000,000 8,000.000 5,500;000 625,000 920,000 665,000 879,000 810,000 1,100,000 900,000 1,000,000 1,000,000 900,000 900,000 900,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 3,000,000 2,600,000 1,000,000 3,600,000 20,500,000 10,599,000 240,000 11,200,000 2,000,000 2,000,000 2,000,000 1,100,000 900,000 936,244 726,000 20,000 20,000 20,000 40,000 2,000,000 i,000,000 6,000,000 3,661,244 100,000 6,000,000 200,000 1,000,000 Fiscal year 1903. 1902—July August September . October Total. Exchange. 1,000,000 2,000,000 United States assay office at Helena. ON PHILADELPHIA 1902—June Fiscal year 1902. : $100,000 Fiscal year 1.903. 1902—July October Total 600,000 100,000 600,000 15Q REPORT ON T H E FINANCES. United States mint at Carson. Exchange. United States assay offices. Boise. Seattle. ON SAN FRANCISCO. Fiscal year 1901. 1900—July August September October November December 1901—January February March April Mav '. June • $26,000 : . . .. 60,000 : 50,000, 50,000 50,000 50,000 100,000 175,000 600,000 56,600 100,000 60,000 60,000 100,000 50,000 - Total $60,000 50,000 50,000 50,000 50,000 50,000 60,000 $600,000 600,000 Fiscal year 1902. 1901—July August September October November..'. December .' 1902—-January February March April May June 1 50,000 100,000 50,000 \ ... 50,000 50,000 50,000 50,000 150,000 600,000 - Total.... Fiscal year 1903. 1902—July '. August September October Total.. 50,000 1........ - . : 60,000 100,000 50,000 50,000 100,000 • CLASSIFICATION OF OURRENCY OF $ 2 0 AND BELOW, AND ABOVE $ 2 0 . While during the year ended September 30, 1901, the paper currency of $20 and below received an addition of $75,956,845, only $9,794,500 was added to paper of denominations above $20. If we reckon the gold coin, all of which is of $20 and below, it will be noted that the small denominations were over 80 per cent of all our money. For the year ended September 30, 1902, an increase was made of $71,283,129, in paper of $20 and under, while that in paper of over $20 was $4,745,750, so that the percentage of small denominations to the total was over 83. * 151 TREASURER. The variations in the currency during the past five years are illustrated by the annexed table, in which separation is made at denominations of $20: September 30— Denomination. 1902. 1898. 1899. 1900. 1901. $622,649,812 $646,661,185 $620,047,309 $631,201,267 $624,728,060 51,648,635 82,782,988 282,639,237 816,746,997 219,279,106 67,810,855 35,988,321 291,845,606 324,244,112 251,872,486 67,679,661 42,801,259 310,570,049 409,071,052 318,087,576 74,371,228 44,574,881 342,478,389 427,966,602 825,062,126 908,090,863 961,756,279 1,143,159,497 1,214,442,626 A g g r e g a t e twenty dollars and under in gold and paper.. 1,525,740,676 1,608,817,464 1,687,249,961 1,774,360,764 1,839,170,686 57,972,815 86,506,570 23,229,500 73,Oil,500 28,650,000 -81,980,000 57,870,865 85,628,270 21,959,000 72,892,600 29,776,000 87,970,000 851,349,885 356,095i 685 Gold c'oin .. . Paper currency: One dollar Two dollars . Five dollars Ten dollars Twenty dollars Total twenty dollai-s and under in paper. Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Five thousand dollars.. Ten thousand dollars Total fifty dollars and over.. 61,628,399 38,967,286 298,136,679 376,617,472 291,952,816. 1,067,202,652 • 50,452,390 60,382,470 19,353,500 68,058,600 6,855,000 29,960,000 60,229,915 68,990,170 21,647,500 68,923,500 14,630,000 42,810,000 61,922,965 81,314,170 22,104,750 78,788,500 29,325,000 68,100,000 234,056,860 277,231,085 341,555,385 Aggregate p a p e r . . — 1,137,147,723 1,238,987,364 1,408,758,087 Unknown, destroyed 1,000,000 1,000,000 1,000,000 1,494,509,882 1,570,638,261 1,000,000 1,000,000 Net paper 1,136,147,723 1,237,987,364 1,407,758,037 1,493,609,882 1,569,638,261 Aggregate gold and paper 1,758,797,535 1,.884,548,549 2,027,805,346 2,124,710,649 2,194,266,321 KINDS OF CURRENCY. The classification of the currency, b}^ kinds, in circulation at the periods stated is made up from the latest revised statements: Kind. Gold coin Gold certificates standard silver dollars Silver certificates Subsidiary silver Treasury notes of 1890. United States notes National-bank notes .. Total July 1,1901. July 1,1902. Oct. 1,1902. $629,790,765 247,036,359 66,921,823 429,643,556 79,235,214 47,524,538 330,045,406 845,110,801 $682,394,289 306,399,009 68,747,349 446,557,662 85,721,228 ^^^29,802,776 C^ 334,291,722 345,476,616 $624,728,060 304,382,054 75,043,719 469,571,478 89,906,205 26,741,790 342,930,086 362,383,269 2,175,807,962 2,249,390,561 2,276,686,651 RATIO OF $10 AND LESS TO ALL PAPER. The large volume of gold certificates issued since 1890, all of 1 and upward, for a while reduced the ratio of small notes to the total of all denominations. The small notes and certificates have regained 15^ REPORT ON THE FINANCES. their predominance and this lead is asserted in each of the denominations of $10 and less. The comparison is made for six years: D e n o m i n a t i o n s of $10 a n d less. Total p a p e r . currency. Date. J u l y l , 1897 J u l v l , 1898 J u l v l , 1899 J u l v l , 1900 J u l y l , 1901 J u l y l , 1902 O c t o b e r 1, 1902 . . . N o v e m b e r 1, 1902 $1,169,788,004 1,189,389,402 1,144,266,891 1,380,832,739 1,478,177,892 1,634,962,196 1,570,678,703 1,688,473,919 One' dollar. 8.96 4.36 4.88 4.36 4.34 4.68 4.78 4.74 dollars. Five dollars. dollars. 2.57 2.80 2.98 2.74 2.74 2.77 2.83 2.82 22.86 24.19 25.10 21.20 20.72 21.34 21.80 21.92 25.56 26.89 28.11 26.72 27.11 27.44 27.24 27.46 Total. 54.95 58.24 61.07 55.02 54.91 56.18 56.63 56.93 DEMAND FOR SMALL DENOMINATIONS. The demands of the people for notes of small denominations have surprised the closest students of the currency. Year by year estimates of the maximum to be required have been proved by experience inadequate, and further provision was called for to meet the growing needs of business. The process is still going on and the ratio of smaU denominations to the circulation has not yet culminated. In 1890 the number of pieces of Government paper currency issued was 37,065,880, and in 1902 it was 116,697,874. The average value was, in 1890, $6,613, and in 1902, $4. In order to provide the notes atid certificates, the facilities for printing, sealing, and separating them' have been often extended and are now sufficient for immediate requirements. The reserve desirable to permit the paper, printing, and sealing to dry and harden so as to secure the best results in appearance and wear is not yet as large as econom}^ and prudence suggest. In the coming jesiv it is hoped this criticism will be no longer justified. PAPER CURRENCY PREPARED FOR ISSUE. The number of pieces of paper currency prepared for issue, which was 30,976,881 in 1890, was carried up to 136,721,000 in 1902. In order to provide for exigencies additions to the supply has been necessary in all denominations, but most of all in the smaller ones. As the law of March 14, 1900, directed the withdrawal of treasury notes, the reserve of such paper prepared for issue was destro^^ed, under instructions from the Secretary, .May 22, 1902. Onlj^ a few samples were retained. The amount was $36,356,500, and the pieces were 1,223,900. The problem presented year by year, and the way it has been solved, will be appreciated by a statement of the currency prepared and issued, by number of pieces, total value, and average value, at intervals since 1890: NuMBEK OF PIECES OF P A P E R CURRENCY PREPARED FOR ISSUE IN THE FISCAL YEARS 1890, 1895, 1900, AND 1902. Fiscal year. 1890 1896.. 1900 1902 .. Number of notes and certificates. Total value. Average value. 80,976,881 66,012,500 87,III, 000 ,186,721,000 $188,846,000 296,816,000 526,296,000 591,680,000 $6.096 5.299 6 041 4.826 153 TREASURER. NUMBER OP PIECES OF PAPER CURRENCY ISSUED IN THE FISCAL YEARS 1890, 1895, 1900, AND 1902. . Number of notes and certificates. Fiscal year. 1890 1896 1900 1902 37,065,880 55,982,798 78,182,176 116,697,874 :... : Total value. Average value. $245,142,000 301,805,988 495,545,000 466,908,000 $6.613 6.395 6.842 4.000 CURRENCY ISSUED AND REDEEMED. The currency issued and redeemed during the two past years shows the development month by month, by the falling off in average value of the pieces. The number issued ranges in each of. the later months from 10,000,000 to 10,565,535, and while the redemptions follow a little after the issues, they can not be much delayed or fall very far below them. In July, August, and September of the present fiscal year the number of pieces issued was 7,133,928 greater than in the same months of the preceding year,''while the redemptions in these later months were 7,078,404 more than in the period with which those are compared. It will be noted that the redemptions for this quarter are a little in excess of the issues of that of the preceding year. The average value has become $3.624 by reason of the growing volume of small denominations. The details by months follow: UNITED STATES PAPER CURRENCY ISSUED DURING THE FISCAL YEARS 1901 AND 1902. Fiscal year 1901. Month. Fiscal year 1902. Average value of Number of notes and notes and certifi- certificates. cates. Number of notes and certiticates. Average value of notes and certificates. July August September October... November December. January... February.. March April May June 7,374,845 7,269,708 6,808,916 6,613,312 6,694,841 7,961,288 8,297,324 7,181,144 8,511,909 8,588,000 8,350,146 7,899,648 $80,622,000 88,768,000 81,444,000 38,616,000 28,698,000 36,460,000 46,600,000 29,032,000 32,184,000 87,800,000 81,010,000 81,018,000 $4.152 5.340 4.618 5.161 4.851 4.679 5.604 4.071 8.776 4.401 8.713 3.926 8,954,571 9,325,791 8,319,435 9,852,562 9,895,477 10,059,405 10,036,829 8,757,817 10,565,535 10,392,840 10,508,937 10,029,175 $88,438,000 88,666,000 83,366,000 45,840,000 35,906,000 86,134,000 45,722,000 35,986,000 40,454,000 42,744,000 88,302,000 86,350,000 $4.292 4.146 4.010 4.652 3.628 3.492 4.555 4.109 3.829 4.055 3.644 8.624 Total 91,291,031 407,102,000 4.459 116,697,874 466,908,000 4.000 UNITED STATES PAPER CURRENCY ISSUED DURING THE FIRST QUARTER OF 1902 AND OP 1903. First quarter fiscal year 1902. Month. Number of notes and certificates. Amount. First q.uarter fiscal year 1903. Average value of I Number of notes and notes and certifi- certificates. cates. Amount. Average value of notes and cerlificates. July August September 8,964,671 9,825,791 8,819,435 $38,438,000 38,666,000 33,366,000 $4,292 4.146 4.010 11,620,663 10,680,778 11,436,884 $60,682,000 37,644,000 41,468,000 $4,862 3.616 3.626 Total 26,699,797 110,470,000 4.158 88,737,725 129,594,000 3 841 154 REPORT UNITED STATES P A P E R ON T H E FINANCES. CURRENCY REDEEMED DURING THE FISCAL YEARS AND 1902. F i s c a l y e a r 1902. F i s c a l y e a r 1901. Month. N u m b e r of notes a n d certificates. Amount. 1901. Average v a l u e of N u m b e r of notes a n d notes a n d certificertificates. cates. Amount. Average v a l u e of notes a n d certificates. July August September October... November December. Januar.y... February.. March April May June 6,481,124 6,486,296 5,640,289 5,490,824 5,795,132 5,875,122 9,181,434 7,853,280 7,117,596 6,863,500 7,848,63] 7,361,827 $29,795,000 30,003,500 30,066,000 27,164,000 25,144,300 26,967,000 36,975,100 32,007,-290 30,269,000 29,384,000 81,189,200 29,927,100 $4.597 4. 625 5.426 4.947 4.338 4.590 4.027 4.075 4.252 4.281 4.244 4.065 7,397,907 7,271,907 4,969,699 7,513,328 7,751,997 8,513,277 10,453, 793 9,962,214 8,788,671 9,242,290 9,448, 680 9,346,931 $36,201,000 32,624,000 25,867, 600 29,975,000 29,886, OCO 88,583,000 40,846,000 36,255,000 83,730,000 35,341,000 36,318,000 87,957,000 $4.893 4.486 5.104 3.989 3.855 3. 944 3.907 3.639 3.837 3.828 3.843 4.050 Total 81,394,655 358,891,490 4.409 100,660,694 408,083,600 4.054 UNITED STATES PAPER CURRENCY REDEEMED DURING THE FIRST AND OP 1903. F i r s t q u a r t e r fiscal y e a r 1902. Month. N u m b e r of notes a n d certificates. July. . . August September . Total . PERCENTAGE Amount. QUARTER OP 1902 F i r s t q u a r t e r fiscal y e a r 1903. Average v a l u e of notes a n d certificates. N u m b e r of notes a n d certificates. Amount. Average v a l u e of notes a n d certificates. 7,397,908 7,271,907 4,969,699 $36,201,000 32,624,000 25,367,600 $4,893 4.-486 5.104 10,025,308 8,827,818 7,864,792 $39,196,000 33,638,000 31,445,000 $3 909 8 809 3 997 19,639,514 94,192, 600 4.796 26,717,918 104,274,000 8 902 OF VALUE OF NOTES AND CERTIFICATES. The significance of the annexed table will be noted. Of the total redemptions, tbose of $1 from 1901 to 1902 rose from 65.3 per cent to 74 per cent of the outstanding; of $2, from 57.2 to 68 per cent; of $5, from 36.1 to 41.2 per cent. Those of $10 show an increase of only one-tenth of 1 per cent. I t will be observed that of $500, the redemptions advanced from 13.5 per cent to 25.3 per cent, while the certificates of $10,000 redeemed went up from 42,3 per cent to 46.6 per cent. 155 TREASURER. PERCENTAGE OP OUTSTANDING GOVERNMENT P A P E R CURRENCY OP E A C H DENOMINATION REDEEMED E A C H MONTH OF THE FISCAL YEARS 1901 AND 1902. Denomination. 1901. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty d o l l a r s One h u n d r e d dollars. Five h u n d r e d dollars. One thousand dollars. Five thousand dollars. Ten thousand dollars. Total 1902. One dollar Two dollars F i v e d o l l a r s . . . •. Ten dollars. Twenty dollars Fifty d o l l a r s One h u n d r e d dollars. Five h u n d r e d dollars. One thousand dollars. Five thousand dollars. Ten thousand dollars. Total J u l y . A u g . Sept. Oct. N o v . Dec. J a n . F e b ! Mar. A p r . May. J u n e . Total. 6.2 4.6 3.3 2.9 2.3 2.3 1.7 1.0 0.7 0.7 3.9 5.2 4.6 3.3 2.9 2.2 2.4 1.8 0.9 0.7 0.8 4.1 4.6 4.r 2.5 2.2 2.0 4.6 1.6 1.1 4.0 1.8 5.3 4.6 4.2 2.5 1.9 1.6 2.4 1.8 2.4 4.1 O.b. 4.3 4.9 4.8 2.6 2.1 1.5 2.1 L4 1.2' 2.9 0.8 2.2 4.9 4.4 2.6 2.2 1.4 1.9 1.4 2.2 3.2 0.6 4.2 7.3 6.7 4.6 3.8 2.3 1.9 1.4 0.8 0.5 0.8 2.9 6.7 6.0 6.6 6.2 3.6 3.2 2.9 2.6 2.1 1.9 1.8 1.8 1.4 1.4 0.8 . 0.7 0.8 0.3 0.5 0.7 4.0 5.4 6.7 5.0 3.1 2.4 1.7 1.8 1.5 0.8 1.6 0.2 4.4 5.8 6.1 3.5 2.8 1.9 2.0 1.6 0.8 1.0 0.6 3.5 6.0 6.1 3.3 2.6 L9 L9 1.6 LO 0.5 0.1 3.8 65.3 57.2 36.1 31.0 23.0 •28.9 18.8 13.6 20.2 6.1 42.3 2.8 2.8 2.8 2.5 2.3 2.4 3.3 2.9 2.7 2.6 2.8 2.7 32.1 5.7 5.1 3.5 2.8 1.9 1.8 1.9 1.1 1.7 O.I 8.4 5.7 4.8 3.3 2.4 1.7 1.9 1.8 1.7 4.8 0.0 3.1 3.7 3.2 2.2 1.6 1.2 1.5 1.4 5.3 1.6 0.2 6.6 5.8 5.0 3.2 2.2 1.5 2.1 1.7 1.9 1.8 0.1 8.6 6.1 5.5 3.0 2.1 1.6 2.1 1.7 3.4 1.2 0.2 3.6 6.6 6.9 3.8 2.6 1.6 2.1 1.8 2.4 1.4 0.3 4.2 7.3 6.7 4.9 3.6 2.4 2.3 1.8 2.0 1.5 0.2 1.2 7.9 7.3 3.7 2.7 1.9 1.7 1.4 1.2 1.4 0.1 3.6 6.8 6.1 8.4 2.6 1.7 L9 1.4 1.1 0.8 0.2 4.6 6.9 6.3 3.8 2.8 2.0 L9 1.6 1.4 0.9 0.1 2.9 6.7 • 6.7 6.1 6.0 4.2 4.0 3.0 2.9 2.0 2.0 1.9 1.9 1.5 1.7 L4 1.3 0.9 1.0 0.1 0.6 2.8 4.4 74.0 68.0 41.2 . 31.1 22.1 23.7 . 19.8 25.8 19.0 2.4 46.6 8.2 2.8 2.2 2.6 2.5 2.8 ,3.5' 3.1 2.8 3.0 3.0 3.2 84.6 SHIPMENTS OF CURRENCY FROM WASHINGTON. The currency distributed from the Treasury in Washington to the subtreasuries and to banks during the fiscal year 1902 amounted to $387,319,888.75, against $319,912,188.21 during the preceding twelve months. In 1901, 10,817 packages were sent by registered mail and 40,880 by express, while in 1902, 11,800 went by registered mail and 48,091 by express. Thus the total number of packages was greater by 8,194, or 15.8 per cent, in the later year than in the preceding, while the amount of currency distributed was $67,407,694.54, or 21 per cent greater. The money sent to the assistant treasurers passes very soon into general business in payment of Government obligations and in redemptions. The amount so sent in 1902 exceeded by $45,041,000 the like shipments in the year before. The packages forwarded to banks enter directly into circulation. Their number, therefore, has special significance, and the amount illustrates and is a part of the general activity in industries and trade. It will be noted that such packages were 4,086 more numerous and were worth $22,328,914 more in 1902 than in 1901. The tables for 1901 and 1902, by months, deserve attentive study. 156 REPORT ON T H E F I N A N C E S . SHIPMENTS OP MONEYS FOR FISCAL Y E A R 1901.. [Cents are omitted in this table.] Assistant treasurers. Registered mail. Month. • 1900, July August September . October November . December.. Numberof pack- Numberof pack- 826 829 787 922 905 $52,676 44,615 49,891 61,181 42,886 62,578 1901. January February . . March April ... May June., 1,066 880 941 945 853 826 58,341 40,921 60,218 50,224 57,402 42,486 Total. 10,817 602,716 Amount. Banks and others. Total by express. Number of pack- Numberof pack- 577 $16,093,000 756 21,648,000 825 23,270,000 698 22,662,000 627 17,636,000 767 20,008,000 2,557 2,482 2,841 2,750 •2,540 2,990 $7,986,200 9,852,840 9,226,295 8,375,474 4,894,216 9,922, 681 3,134 3,238 8,666 3,448 3,167 8,757 17,544,000 12,484,000 17,478,000 19,406,000 16,386,000 14,162,000 2,819 2,284 2,732 2,708 2,728 2,644 10,746,513 6,920,918 8,475,995 8,626,249 7,319,376 8,237,216 3,683 2,897 3,604 3,566 3,419 8,301 32,025 100,582,472 40,880 864 663 872 8b8 691 657 8,855 218,727,000 $24,078,200 31,500,340 82,496,295 81,037,474 22,530,216 29,930,681 28,290,518 19,404,918 25,953,995 28,032,249 23,655, 876 22,399,215 319,309,472 RECAPITULATION. Registered mail Express 10,817 40,880 $602,716 319,309,472 Total 61,697 319,912,188 S H I P M E N T S O P M O N E Y S F O R F I S C A L Y E A R 1902. [Cents are omitted in this table.] Registered mail. Month. 1901, July August September. October November . December.. Number of pack- 924 789 1,037 961 Amount. $53,214 56,990 41,569 61,518 55,016 39,019 1902 January February . . March April........ May June 1,040 1,052 973 891 67,822 50,793 54,565 59,882 58,122 42,048 Total. 11,800 640,602 Assistant treasurers. Numberof packages. Amount. 983 $28,942,000 ,086 24,138,000 883 22,782,000 980 25,984,000 869 18,950,000 788 16,624,000 1,129 857 1,246 1,187 1,066 957 23,994,000 18,092,000 25,510,000 26,802,000 19,470,000 17,680,000 11,980 263,768,000 Banks and others. Total by express. Number of pack- Number of packages. 2,595 2,694 2,628 8,378 3,187 3,657 $7,477,307 8,011,868 8,207,557 11,762,511 11,747,264 13,485,012 3,578 $31,419,307 3,780 , 32,149,868 30,989,557 3.506 4; 308 37,746,511 30,697,264 4,056 30,009,012 4,345 2,715 3,058 3,013 3,054 8,139 9,779,980 9,683,867 9,917,929 10,319,066 10,463,514 12,055,506 4,227 3,572 4,804 4,200 4,119 4,096 ,111 122,911,386 48,091 33,773,980 27,775,867 35,427,929 37,121,066 29, 938,514 29,635,506 386,679,386 RECAPITULATION. No. of packages. Amount. Registered mail Express 11,800 48,091 $640,602 886,679,386 Total 69,891 387,819,888 TREASURER. 157 CURRENCY FOR TH'E PHILIPPINES. Since the occupation of the Philippines by the United States in May, 1898, considerable amounts of American currency have been sent thither to be used for Government purposes. This money has been paid by the assistant treasurer of the United States in San Francisco to various disbursing officers. The sums and kinds of currency are reported to September 15 from the beginning, covering a period of four years. The paper, it will be seen, is $15,680,000, to $10,290,000 in gold coin, $599,500 in standard silver dollars, $702,800 in subsidiary silver, and $58,750 in minor coins. The aggregate is $27,331,050. No data can be secured to show what part of this currency has been returned from thie islands. . Gold coin: Double eagles Eagles...........1-..-:. Half, e a g l e s . . - . - , . . - 11,510,000 4,160,000 4,620,000 ——$10,290,000 599,500 o Standard silver dollars.. Subsidiary silver: Halves Quarters... Dimes :....... Minor coin: Five cents, nickel One cent, bronze ............... .^ Paper currency: Treasury notes of 1890 United States notes Gold certificates.. Silver certificates ' , Total......... $282,000 249,000 171,800 —— r 702,800 ...... 47,200 11,550 • — • -. , 58,750 ^ . ...... 200,000 8,320,000 1, 740,000 5,420,000 • — '. ............... ......r. - 15,680,000 27,331,050 MAINTENANCE OF PARITY. The act of March 14,1900, makes it the duty of the Secretary of the Treasury to maintain the parity of value of all forms of money issued or coined by the United States with the gold standard defined and fixed by that law. This parity has been and is now easily maintained, and all kinds of Government money are exchangeable with each other. This has been rendered practicable by carrying out the statute cited in' its spirit as well as its letter. Section 7 of that act restricted to 10 per cent of the total volume the issue of silver certificates of denominations of $20, $50, and $100. This restriction has been complied with, and on June 30 those denominations were only a trifle over 9 per cent of that volume; by November 1 this percentage was reduced to 8. The purposeof the restriction is so beneficent that the process has been carried further, and no silver certificates of $10 are for the present issued. This policy enables the Department to use the whole volume of silver certificates in denominations of $5 and under as the larger ones are redeemed. As redemptions of United States notes are made this class of paper is confined to denominations of $10. Certifi.cates of $20 and upward are issued in abundance against gold, in the Treasury. 158 RiEPORT ON THE FINANCES. The scarcity of small denominations which formerly prevailed and called forth natural complaints is thus fully remedied. By foresight and generous aid by Congress a fair reserve of such currency has been printed, sealed, and prepared for issue. Silver certificates of $5 and under and United States notes of $10 can be furnished either for like currency or for gold or silver, and coin of either metal will be paid for any forms of money of the Government in reasonable amounts. In previous years, for small notes, deposits in kind were required, and standard dollars could be paid only for silver certificates. This last condition can be waived now only to the extent of standard^dollars in the Treasury; that will, however, quite certainly meet current demands. But the silver dollars invariably command gold when that is called for. Gold in either of its forms is taken and given for any other forms of currency; so is silver. For deposits for transfer of funds, for moving the crops, or other business, no question is asked about the kinds of money. But such deposits arp received only at points where the Treasury has use for funds, and expenses for transfer are paid by the recipient. The inflow of gold, permitting the free issue of gold certificates of $20 and upward, is the key to this maintenance of parity and interchangeability of all kinds of Government money. On the other hand, small denominations, including silver coin, are constantly in demand for the myriad transactions of retail trade and the current uses of rural communities, as well as for pay rolls in furnaces and factories and harvest fi^elds. The Treasury in recent 3^ears has heard much more clamor for silver and small notes than for gold. It is now abundantly able to meet all calls for every kind of money for its own obligations, for redemption, and for legitimate transfers. ' As a result of the movements which have been noted, our Government paper currency is gaining in simplicity. Gradually all large denominations are becoming gold certificates, and the smallest ones silver certificates, while in time all $10 will be United States notes. The advantage is obvious. REDEMPTIONS AND EXCHANGES. The receipts of all kinds of money for redemption and exchange during the past fiscal year amounted to $723,275,246, an increase of $54,804,865 over the preceding year^ Gold coin and certificates were freely used in making payments therefor, as $66,499,827 more was paid over the counter than reeeived, and if to this amount should be added the gold paid for transfer checks, given for national-bank notes redeemed, the excess of payments would be carried to more than $90,000,000.. The kinds of nioney received and paid at Treasury offices on account of redemptions and exchanges during the fiscal year 1902 were as follows, viz: RECEIPTS. Kinds of money received by Treasury offices: Gold coin and certificates Silver coin and certificates United States»notes and Treasury notes National-bank notes and minor coin Total ^ : :..'. .....'. — $183,844,873 298,925,861 98,235,643 142,269j 369 728,275,246 159 TREASURER. PAYMENTS. Kind of money paid by Treasury offices. Account. coin Silver coin Transfer Gold and and checks. certificates. certificates. $163,394,488 $18,563,210 For gold coin and certificates.. $149,603 64,088,662 209,101,935 For silver coin and certificates. For United States notes and 18,767,180 18,118,503 Treasury notes For national-bank notes and minor coin 61,891,589 4,104,875 63,832,289 Total United States notes. Nationalbank notes and minor . coin. Total. $5,238,430 $1,628,688 $183,824,811 23,360,566 2,356,603 299,067,369 60,252,121 997,118 11,819,287 620,609 142,268,149 62,041,192 250,844,700 804,615,937 100,670,404 5,603,018 723,275,246 REDEMPTION OF NATIONAL-BANK 98,124,917 NOTES. National-bank notes to the amount of $171,869,258 were presented for redemption during the year, a sum equal to 47.98 per cent of the average amount of notes outstanding, and an amount $24,382,681 larger than was presented in the previous year, although the net increase in the volume of notes outstanding was only $2,929,904. Of the average amountof $5 notes outstanding there was 53.60 per cent redeemed; of the $10 notes, 43.46 per cent; of the $20 notes, 43.80 per cent; of the $50 notes, 54.22 per cent; and.of the $100 notes, 65.51 per cent. Comparison of these percentages with those of the previous fiscal year shows an increase of 7.29 per cent in the $5 notes redeemed, of 3.82 per cent in $10 notes, of 0.42 per cent in $20 notes, of 8.91 per cent in $50 notes, and of 13.03 per cent in $100 notes. The increase in the aggregate redemptions was only 4.59 per cent. During the year theamouut of $5 notes outstanding was reduced $6,948,635, the $50 notes, $327,400, and the $100 notes, $156,100; while the $10 and $20 notes were increa.sed $4,089,750 and $6,275,420, respectively. There was a net increase of 368 banks, 437 new charters having been granted and 69 old charters surrendered during the year. The total number of charters granted to June 30,1902, was 6,325. The number of banks in existence at that date was 4,546, leaving 1,779 as the number out of exivstence. Between March 14,1900, and June 30,1902, there was a net increase of 929 in the number of banks and $102,269,361 in the amount of circulating notes outstanding, the total amount of notes on the latter date being $356,672,091. Of the notes redeemed there was $167,035,539.50 assorted. Those fit for use, delivered to the banks of issue, amounted to $57,303,520, while there was delivered to the Comptroller of the Currency $89,646,745 for reissue to the banks and $20,085,274.50 for retirement. The assorted notes fit for use were $365,195 less than the amount delivered in the previous year, but there was $19,673,349.50 more delivered to the Comptroller, making a net increase of $19,308,154.50 in the amount assorted and delivered. In payment of notes * presented for redemption, there were $74,811,828.26 in United States currency forwarded from Washington, checks to theamouut of $61,870,406.50 drawn on the various subtreasurieis, $34,319,129.80 credited in accounts, and $46,770.80 forwarded in silver. 160 REPORT ON THE F I N A N C E S . The deposits for the retirement of circulation amounted to $33,546,320. Noteworthy during the year were the deposits for the purposeof withdrawing bonds under the act of June 20,1874, to which there is a legal limit of $3,000,000 per month. The limit for November was taken up early in that month and applications to deposit were then received for December, and continued to be received in advance for,each month following until May, when they ceased. These deposits seem to have been made to realize from sale of the bonds the high premiums they bore. The expenses incurred during the year were $153,796.33, and the assessment upon the several national banks was made at the rate of $0.92444 per $1,000 of their circulating notes redeemed. In the first quarter of the fiscal year 1903 the notes presented for redemption amounted to $39,791,201, and those assorted and delivered to $35,591,645. Compared with the figures for the corresponding period of the preceding year, there was an increase of $3,283,510 in the amount presented for redemption and $1,760,752 in the amount assorted and delivered. The volume of bank notes outstanding, which was increased $10,321,507 during the quarter, reached the sum of $366,993,598 on September 30, and a net increase of 105 in the number of existing banks made a total of 4,651. MOVEMENT OF STANDARD DOLLARS. The shipments of standard. silver dollars in the fiscal year 1902 exceeded those of any like period on record. They were $40,404,325, or 5.4 per cent greater than in 1901. The rate per $1,000 for transportation was $1.99 in the past fiscal year against $2.12 in the one before. (Table 60, p. 132.) By months the movement was: 1901. July August September :. First quarter . . . . October November December January February March April May June Total $2,281,763 3,673,034 6,669,105 $2,678,935 8,936,861 6,094,118 12,478,902 6,628,447 3,637,964 3,404,412 1,410,685 1,913,060 2,079,102 2,145,890 2,367,662 2,882,695 88,838,519 1902. . 12,709,914 6,882,795 8,918,941 8,626,269 1,787,443 1,790,542 2,284,217 2,278,471 2,406,891 2,778,862 1908. $2,966,841 4,348,315 6,829,896 14,143 052 40,404,325 EXCHANGE OF STANDARD DOLLARS. The standard silver dollars presented at the Treasury offices for exchange show an increase of 8.5 per cent in the past fiscal year over the preceding twelve months. The exchanges exceeded the shipments in 1901 by $1,386,402, and in 1902 by $2,710,690. 161 TREASURER. The details are for two fiscal years and the first quarter of 1903: Fiscal year— Offices. 1901. Washington .. Baltimore New York Philadelphia . Boston Cincinnati Chicago St. Louis New Orleans.. San Francisco Total.. - MOVEMENT^ O F SUBSIDIARY 1908, first quarter. 1902. 426,198 631,600 893,702 861,726 623,430 306,530 705,488 844,509 710,190 721,558 $1,263,986 1,496,290 6,614,360 2,825,399 3,792,110 8,644,790 8,638,056 8,188,248 4,372,150 8,329,627 $251,977 286,460 1,254,580 760,506 414,910 904,600 2,095,148 1,480,865 790,000 424,373 39,724,921 43,115,015 8,668,414 COINS. The mpvement of subsidiary silver in 1902 exceeded by $796,812.50 that of the year before. The amount in circulation arose to $85,721,228, which was $6,486,014 more than twelve months earlier. In addition to these shipments, payments of subsidiary silver for various purposes during the year amounted to more than $23,500,000. By months the shipments were: 1902'. 1901. July August September $1,547,118.80 2,085,456.90 2,865,477.70 First quarter October November December January February March April May June $1,810,156.40 2,178,351.20 2,682,992.90 6 498 052 40 2,663,718. i o 2,008,356.90 2,252,147.70 782,015.10 1,062,911.60 1,187,6'33.40 1,357,994.60 1,566,369.60 1,717,047.55 Total 1903. $1,944,552.60 2,556,549:60 3,849,324.70 . .7,860,426.90 6 666,500.60 2,771,233.85 2,086,705.10 1,925,380.00 871,143.60 1,000,413.90 1,884,847.15 1,555,544.00 l,696,593.-25 1,913,698.00 21,871,959.35 21,075,146.85 R E D E M P T I O N O F SUBSIDIARY COINS. The subsidiary coins presented for redemption show an increase of 4.6 per cent as compared with the fiscal year 1901. It will be noted that the redemptions were greater than the shipments by $16,193,738.15 in 1901, and by $17,139,670.65 in 1902. The statement by offices follows: Fiscal year— Offices. Washington Baltimore New York Philadelphia Boston Cincinnati . C h i c a g o '. St. L o u i s New Orleans San Francisco . . .. . Total FI 1902 11 .. .. .-' 1903, first quarter. 1901. 1902. $1,892,687 2,330,380 15,150,184 4,884,326 1,308,110 1,600,049 4,285,076 2,950,635 1,191,090 1,676,348 $1,740,158 2,382 870 16,084, 303 4,978,954 1,517,730 1,767,705 4,292,828 3,488,381 1,009,060 1,764,641 $346,821 665,660 3,744,466 1,316,301 351,560 467,460 997,226 724,381 229,460 394,319 37,268,885 39,Oil,630 9,187,154 162 REPORT ON T H E FINANCES. MINOR COINS. The activity of the mint in minor coins during 1902 is illustrated by the figures kindly furnished by the Mint Bureau of the coinage and remelting during that period, and of the amount outstanding on June 30. By comparison with 1901 it appears that the amount coined in the latter 3^ear was $2,439,736.17 greater than in the one before, and that remelted $1,097,089.69 greater, while the amount outstanding increased $1,342,646.48. The details follow: Fiscal year 1901. Denomination. Copper cents Copper half cents... Copper nickel cents Bronze cents ,. Bronze 2 cents Nickel 3 cents Nickel 5 cents Total Coined. Remelted. Oatstanding June 30,1901. $1,562,887.44 39,926.11 2,007,720. 00 10,727,871.02 912,020.00 905,768. 52 19,335,403.75 $379,357.97 795,733.11 136,888.14 337,878.72 276,602.86 629,165.66 $1,188,529.47 39,926. II 1,211,986.89 10,-590,982.88 674, 641.28 629,165.66 18,706,238.09 85,491,596.84 2,555,126.46 32,986,470.38 Fiscal year 1902. Denomination. Copper cents Copper half cents... Copper nicLel cents Bronze cents Bronze 2 cents Nickel 3 cents Nickel 5 cents Total Coined. Remelted. Outstanding June 80,1902. $1,562,887.44 89,926.11 2,007,720.00 11,602,668.24 912,020.00 905r768.52 20, 900,342.70 797,168.61 160.249.35 837,671.72 277.846.36 1,699, 739.60 $1,183,346.93 39,926.11 1,210,651.89 11,412,418.89 574,348.28 627,922.16 19,200,603.10 37,931,333.01 3,662,216.15 84,279,116,! $379,540.51 MOVEMENT OF MINOR COINS. In comparing the shipments of minor coins for the past two years, we find in the latter an increase of $714.57, while there was a reduction in the cost of transportation of $600.27. The charge against the Philadelphia office covers the expense of transfers from that point to supply other offices. The business by offices is thus reported: Fiscal year 1901. Washington Baltimore Boston Chicago Cincinnati New Orleans NewYork , Phil94elphia gan Francisco St.Louis . , . . , . , , , , , Mint, Philadelphia Total Fiscal year 1902. Expense of transportation. Office. $19,781.96 16,455.00 67,040.00 86,466.59 61,500.00 78,620.00 245,910.00 31,165.00 42,105.00 208,775.00 2,161,210.92 $282.37 $17,649.40 197.05 22,606.00 670.65 106,340.00. 546.39 8,911.17 624.30 103,535.00 1,087.90 75,185.00 8,169.10 189,285.00 3,252.15 405.00 684.05 69,855.00 3,708. 72 228,275.30 44,059.10 2,142,798.17 2,953,979.47 8,131.78 2,954,694.04 Expense of transportation. $239.20 256.60 • 1,063.50 1.061.24 1,047.55 944.85 2,953.35 4.864.25 869.56 4,009.40 40,222.01 57,531.61 163 TBEASUKBK. First quarter of 1902. First quarter of 1908. Expense of transportation. Expense of transporAmount. tation. Office. Washington Baltimore..: Boston Chicago Cincinnati New Orleans New York Philaclelphia San Francisco St. Louis • Mint, Philadelphia $6,700.00 6,790.00 32,055.00 250.00 25,295.00 21,035.00 65,865.00 220.00 19,935.00 73,900.35 465,900.00 $89.20 75.15 320.65 5.75 261.15 304.65 708.80 2,602.40 239.91 1,430.55 9,182.22 $10,625.00 10,365.00 37,195.00 1,495.00 81,150.00 41,665.00 81,875.00 100.00 32,175.00 84,550.00 508,525.00 $179.70 184.05 872.45 87.55 316.00 442.40 730.30 LOO 398.70 1,414; 30 10,367.12 Total...--.... 717,935.35 15,220.43 839,620.00 14,893.57 R E D E M P T I O N OF MINOR COINS. The minor coins redeemed during the year show an increase of 9.9 per cent over the preceding twelve months. The details follow: Fiscal year— Office. Washington Baltimore New York Philadelphia Boston Cincinnati Chicago . St. Louis New Orleans San Francisco •. . •. .. . Total ; 1903, first quarter. 1902 1901. $219,529 517,790 1,883,383 585,742 120,170 225,530 312,044 243,864 30,240 21,957 $282,902 570,270 1,994,805 621,757 171,150 266,547 379,872 268,498 48,459 21,298 $56,852 161,850 471,970 152,476 58,560 69,902 85,791 46,940 12,120 7,213 4,160,249 4,675,558 1,123,674 RECOINAGE IN T H E FISCAL YEAR. The worn gold coins sent to the mint for renewal were worth a little less than twice as much in 1902 as in 1901. The worn siver coins were worth $494,303.94 less in the later than the earlier year. The increase in minor pieces recoined was $98,033. GOLD, SILVER, AND MINOR COINS RECOINED IN THE FISCAL YEARS 1902. 1901. Denomination. Double eagles. Eagles Half eagles .. Quarter eagles : Three-dollar pieces One-dollar pieces Total silver Minor coin Aggregate Loss. $167,420.00 79,990.00 159,035.00 6,692.50 180.00 109.00 Total gold Half dollars Quarter dollars Twenty-cent pieces Dimes Half dimes Three-cent pieces Face value. 418,326.50 , $8,257.48 Loss. 803,665.50 $6 259 08 1,487,489.00 1,076,397.00 215.40 768,981.40 1,801.55 52.71 219,296.09 96,007.75 4,837,075.25 Face value. $312,980.00 160,900.00 319,765.00 9,797, 50 27.00 96.00 1,724,628.00 1,273,899. 75 92.60 827,959.70 1,679.65 181.30 3,827,741.00 1901 A.ND 1902. 3,333,487.06 191,889.02 194,040.75 222,553.57 4,331,043.86 198,148.10 164 REPORT ON THE FINANCES. SPURIOUS ISSUES DETECTED IN 1 9 0 2 . The counterfeit coins and paper currenc}^ detected at the Treasury during the past fiscal year were $759.50 less in face value than in the twelve months preceding. There was a falling ofl' in all kinds except in United States notes and national-bank notes. The items are: Denomination. Ten cents Fifteen cents Twenty-five cents Fifty cents One dollar Two dollars Five dollars Ten dollars Twenty dollars Fiftv dollars One h u n d r e d dollars Total Fractiona l currency. $0.20 .60 11.00 176.00 186.80 Silver coins. United' Treasury NationalStates bank n o t e s of notes. notes. 1890. Silver certificates. $485.60 1,281. 25 1,551.00 1,808.00 5,120.85 $13.00 24.00 260.00 380.00 560.00 750.00 800.00 2,787.00 $10.00 20.00 10.00 40.00 $36.00 .355.00 • 570.00 860. 00 50.00 500.00 1,871.00 Total. $6.00 132.00 180.00 650.00 $485.80 .60 1,292.25 1,726.00 1,822.00 202 00 765.00 1,510.00 920.00 800.00 1,800.00 818.00 10 823 65 The total number of 1-cent pieces thrown out during the year was 96,995. In 1901 the total was 168,918. The number of 5-cent nickel pieces was 2,596, as compared with 3,333 in the previous year. Eleven counterfeit gold coins and three compound-interest notes were rej ected at this office. TRUST FUNDS, CENTRAL PACIFIC RAILROAD. Since July 30, 1901, the date of the last statement by the Treasurer on the subject, two payments have been made on the notes of the Central .Pacific Railroad Company held b j the Department. These were on February 1, 1902, $222,552.49, and on July 31, 1902, $918,744.93, a total of $1,141,297.42. Bonds of the company, held as collateral, were released at the time of each payment. The balance of the notes held by the Treasury, yet to become due, was on August 1,1902, $38,228,265.14, secured by first mortgage bonds of the company for $38,229,000. SPECIAL TRUST FUNDS. Of bonds of several of the States held by the Treasurer as custodian under an act approved August 15,1894, payment was made b^^ the State of Florida for $132,000, and on August 8, 1902, bonds of that State for like amount were forwarded to the governor of Florida. No other changes have taken place in the special trust funds, and they stand: Louisiana State bonds North Carolina State bonds Tennessee State bonds Virginia State bonds Chesapeake and Ohio Canal bonds, guaranteed by Virginia South Carolina State stocks Total ' $37, 000. 00 58, 000. 00 335, 666. 66f 581,800. 00 13, 000. 00 125,000.00 1,150,466.661 United States bonds are held by the Treasurer, under specific provisions of law, as follows: American Printing House for the Blind, 4 per cent Manhattan Savings Institution, 4 per cent North American Commercial Company, 2 per cent Total Captured bonds of the State of Louisiana, held for the Secretary of War . . $250, 000 75,000 50,000 375,000 545,480 TREASURER. 165 DISTRICT OF COLUMBIA. The transactions of the Treasurer of the United States, ex officio commissioner of the sinking fund of the District of Columbia, pertain- ^ ing to the aflairs of the District, are fully set forth in a separate report. The net reduction of the bonded debt during the year was $871,800, and of the annual interest charge, $43,235.70. The bonds retired consisted of 7 per cent water-stock bonds for $319,000, which were due October 1,1901, and by purchase, 6 per cent thirty-year funding bonds for $31,000, and 3.65 per cent bonds for $521,800. ' From July 1, 1878, to the close of the fiscal year 1902 the bonded debt was increased b}^ the issue of 3.65 per cent bonds for $1,226,050, and decreased by the operations of the sinking funds and otherwise $9,136,150, making a net reduction of $7,910,100, and of the annual interest charge, $485,402.60. The total amount of the bonded debt outstanding June 30,1902, was $14,196,550. Of this sum $13,683,850 consists of 3.65 per cent bonds. The Treasurer purchased these bonds during the year at a rate that netted the sinking fund nearly 2.25 per cent per annum. In view of the difficulty of purchasing these bonds at prices advantageous to the fund, the question arises whether the Treasurer might not be authorized to buy United States securities instead. Since the close of the fiscal year the debt has been reduced by the purchase of 3.65 per cent bonds for $202,800 and 6 per cent thirtyyear funding bonds for $4,100. The balance of these 6 per cent bonds outstanding, amounting to $494,500, will be payable November 1,1902, and will be retired by the sinking fund. . At the close of the fiscal 3^ear 1902 the 10 per cent guaranty fund held for account of District contractors amounted to $332,764.52, and was credited to 115 separate contracts. Of this sum $317,986.95 is invested in bonds purchased at the request and risk of contractors. The receipts for account of the police relief fund during the year were $46,532.63, and for account of the firemen's relief fund $16,978.23. These sums were deposited in the Treasury in monthly installments, subject to the requisition of the District Commissioners. The securities of the District in the care and custody of the Treasurer are: 3.65 per cent bonds (unsigned) Bonds for account of District contractors Chesapeake aiid Ohio canal bonds ' Total $7, 723,450 279, 580 84,285 8,087,315 THE WORK OF THE TREASURER'S OFFICE. In nearly every branch the business of the Treasurer's office has grown greatly durihg the fiscal year. The number of letters received and sent is an index of the increase of work, as is the value of registered letters received, which has advanced by $9,699,377.61. This is the record for 1902: LETTERS RECEIVED. Letters received by open mail Letters received by registered mail Letters received containing bonds, currency, etc Letters referred to other bureaus Letters briefed and recorded 174,961 24,236 12,156 8,446 28,793 166 REPORT ON THE F l K A K O E S . LETTERS SENT AND SIGNATURES ATTACHED. Letters sent by open mail 267, 318 Interest checks ixiailed 234, 219 Value of interest checks mailed $23, 530, 395. 64 Letters sent by registered mail , 14,982 Letters and forms bearing autograph signatures 24, 236 Autograph signatures to warrants, transfers, checks, requisitions, receipts, and bonds 397, 607 Forms bearing printed signatures, etc., mailed o 276,.480 Printed notices mailed 238, 863 Value of registered letters sent $7, 694,588. 99 Value of registered letters received $23, 601, 373. 63 Signatures of Treasurer United States, account sinking fund, office District of Columbia 2,015 _Blank checks issued to disbursing officers 71,405 The vast expansion of the labor of the office has tested the capacity, the fidelity, and efficiency of the stafl', the chiefs of divisions, the clerks, and of every person emploj^ed. . They have met well every requirement. The volume of work done has been large and its excellence notable. Recognition and commendation have been well earned and are cordially extended. Respectfully, E L L I S H . ROBERTS, Treasurer of the United States. Hon. L E S L I E M . SHAW, Secretary of the Treasury. APPENDIX TO REPORT OF THE TREASURER. N€9. 1.—REVENUE AND EXPENDITURES FOR THE FISCAL YEAR 1902, WARRANTS ISSUED. Revenues. $264,444,708.19 271,880,122.10 4,144,122.78 32,009,280.14 Castoms Internal revenue Lands... Miscellaneous Interior, civil Treasury, proper Diplomatic Judiciary War Navy Interior, Indians Interior pensions Interest.. . Total Premium on bonds purchased Public d e b t . . . Aererreffate Expenditures. . . AS SHOWN BY Repay merits Counter from unexto appended appro- credits propriations. priations. $28,012,620.16 8,536,348.58 $1,119,728.69 111,255.98 18,328,329.16 54,808,006. 95 2,765,734.01 6,018,285.05 112,272,216.08 67,808,128.24 10,049,584.86 138,488,559.73 29,108,044.82 25,734.09 270,839.20 357,228.14 2,805,873.61 40,612.78 38,591.82 426,962.61 4,801.00 11,113,634.45 1,274,960.24 606,454.68 16,849,746.45 423,571.24 40,973.67 3,147,39L18 30.84 272,648.67 471,190,857.64 14,043,391.14 484,392,792.50 19,837,972.99 18,641,953.88 499,645,804.50 1,062,124,087.71 969,627,04L28 19,837,972.99 18,641,953.83 562,478,283.21 $49,900.00 488.08 N o . 2 . — N E T ORDINARY REVENUES AND EXPENDITURES FOR EACH QUARTER OF THE FISCAL YEAR 1902, AS SHOWN BY WARRANTS ISSUED. quar- Third quarter. Fourth quar- Total for year. First quarter. Second ter. ter. Account. REVENUES. $62,799,789.70 $64,185,454.33 $64,210,247.77 $63,249,266.89 $264,444,708.19 78,121,830.61 70, 319,534.18 60,843,299.05 67,596,468.26 271,880,122.10 1,089,305.81 912,359.24 864,489.61 1,277,968.62 4,144,122.78 6,994,006.17 7,571,320.43 7,617,593.00 9,826,360.54 82,009,280.14 Customs Internal revenue Public lands Miscellaneous Total 143,827,935.7'I 143,165,614.26 133,585,629.43 141,949,053.81 562,478,283.21 EXPENDITURES. Total - 27,067,641.84 31,818,602.50 16,681,344.15 2,770,608.68 35,182,278.80 10,513,359.79 27,948,218.07 25,179,579.51 16,781,857.42 2,113,279.44 33,985,760,98 7,356,425.50 113;469,323.9I 112,272,216.08 67,803,128.24 10,049,584.86 188,488,559.73 29,108,044.82 . . . . 123,973,885.76 118,121,060.72 115,730,840.24 113,865,120.92 471,190,857.64 Civil and Miscellaneous... War Department Navy Department Interior, Indians Interior, pensions Interest . 28,189,960.78 27,638,964.97 17,183,974.67 2,707,331.91 34,877,694.55 7,628,143.94 30,273,513.22 27,640,069.10 17,155,952.10 2,458,364.83 84,492,825.40 3,710,115.59 N o . 3 . — R E C E I P T S AND EXPENDITURES ON ACCOUNT OF THE POST-OPFICE DEPARTMENT FOR THE FISCAL Y E A R 1902, AS SHOWN BY WARRANTS ISSUED. By whom handled. The Treasurer Postmasters ;. . Total Balance June 29 1901 Balance June 30,1902 Aererreerate Receipts from Deficiency appostal revenues. propriation. Total receipts. Expenditures. $52,641,120.60 69,861,988.58 $2,458,845.86 $55,099,966.36 69,861,988.58 $64,619,964.61 69,861,988.58 122,503.109.08 2,458,845.86 124,961,954.94 9,621,617.09 124,481,952.74 134,588,472.03 184,583,472.03 10,101,519.29 167 168 REPORT OK T H E FINANCES. 'No, 4 . — R E C E I P T S AND DISBURSEMENTS OP E A C H K I N D OP MONEY ON A L L ACCOUNTS AT THE TREASURY IN WASHINGTON FOR THE FISCAL Y E A R 1902. Account. Gold c o i n . Standard silver dollars. Subsidiary silver. United States notes. Treasury notes. RECEIPTS. Customs Internal revenue Miscellaneous Disbursing officers Post-Office Department Transfers Standard silver dollars. . . . Subsidiary silver Minor coin '.. Gold certificates Redemption and e x c h a n g e . . . . Issues -.. $60,666 $25,102 $75 $554,477 34,659 48,307 100 191,128 . 4,940 2,808 132 107,905 3,959 3,854 1,041 125,227 43 8 3 2,200,096 427,422 66,738 92,899,923 129 Total . . 81,750 8,085 $199 6,849 2,644 14,602,675 23,398 33 222,109 1,263,98G 1,740,158 12,574,802 101,620,000 3,064,621 556,854 1,405,002 1,874,368 210,328,288 17, 699 419 148 17,559 2,490 44,704 1,161,500 1,254,299 5 208,719. 11,061,109 297,114 3 536,316 77,550,500 81 10 620 60 4,246. 916 .3,202 16,876 383 4,122 1,524 4,380 6,016 381 DISBURSEMENTS. Warran ts and checks Disbursing officers Post-Office Department Transfers Redemption and exchange: Gold coin Standard silver dollars Subsidiary silver United States notes Treasurv notes of 1890 National-bank notes . Gold certificates Silver certificates Minor coin Redemption and destruction Five per cent fund .. Total . . . . 88,075 1,181,048 60,887 728 832 258,900 3,842 290,290 489,670 20,021 13 2,190 812,690 7,697,846 369,288 9,301,570 82,559 616, 397 118,620 101,520,000 17,783,000 1,869,626 230,684,032 17,783,000 N a t i o n a l - Gold certifi- Silver cer- M i n o r coin. b a n k notes. cates. tificates. Account. Total. RECEIPTS. Customs Internal r e v e n u e . . . . Miscellaneous Disbursingofficers Post-office Department Transfers Standard silver dollars Subsidiary silver. . . . . Minor coin Gold certificates Redemption and exchange Issues Total $176,114 $210,661 $8 $1.026,893 8,156,610 461,970 44,720 85,678,738 6,000 8,500 1,000 1,002,987 446,438 318,877 179,556,674 397,074 147,080 16,847 2,0i2 925 45 8,128 6,406,362 1,488,393 456,948 409,432,569 427,515 239,000 20,935 3,210,537 33,111, 756 91,140,000 •235,508,000 232, 902 189,987,372 428,168,000 . $1,000 85,820 22,656 36,267,181 1,000 6,500 134,516,501 170,900,658 244,015 1,087,598,987 188,874,089 450,716,294 1,285,318 32,016,410 155,983 70,690,500 111,775 10,600,455 96,342 122,655,558 148 16,952 187 88,146 2,601,693 53,923,694 549,579 272,677,224 95,877 2,000 510,750 1,508,827 819,268 3,842,975 849,202 . 538,939 40,140 72,255,600 44,437 1,188,576 286,813 2,833,603 1,868,508 59,673,800 2,169,153 31,983,760 52,605 216,525,000 20,255 706 16 35, 749 1,325 27,077 97,160 1,927 115 222,107 1,194,270 I, 610,501 12,843,198 3,064, 621 72,643,294 3,210,536 33, 111,758 211,498 428,168,874 146,951,266 183,561,789 450,040,285 DISBURSEMENTS. Warrants a n d checks Disbursingofficers Post-Office D e p a r t m e n t Transfers Redemption a n d exchange: Gold c o i n . . S t a n d a r d silver dollars Subsidiary silver United States notes T r e a s u r y n o t e s of 1890.. National-bank notes Gold certificates Silver certificates Minor coin Redemption a n d destruction Five per cent fund Total 20,085,274 146,951,266 167,036,540 239,718 1,032,484,103 169 TREASURER. No. 5. -RECEIPTS AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L ACCOUNTS AT THE SUBTREASURY IN BALTIMORE FOR THE FISCAL Y E A R 1902. Gold c o i n . Account. Standard silver dollars. Subsidiary silver. United States notes. Treasury notes. RECEIPTS. Customs Internal revenue Miscellaneous D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers s t a n d a r d silver d o l l a r s Subsidiary silver Minor coin Gold c e r t i f i c a t e s : Redemption and exchange Issues • Total $45,142 $4,154 • • $828 847 5,684 3,670 1,480,400 4 33 85 61 30 195 42 1,562 60,706 4,100 700 2,270,000 1,254,022 1,496,290 6,064,515 $1,420,459 6,481 24,820 223,585 154,789 6,316,161 13,130 93,860 6,786 $17,473 171 2,157 7,995 6,803 88,363 2,720 2, 605 16 2,382,870 2,663,051 210,848 1,500,617 2,446,233 10,821,122 338,651 40,000 5,000 23 134,497 601,500 474 4,842 867 521,740 1,240,025 2,129,701 927,775 4,418,600 339,500 DISBURSEMENTS. Warrants and checks D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers Redemption and exchange: Gold c o i n S t a n d a r d silver dollars S u b s i d i a r y silver United States notes T r e a s u r y n o t e s of 1890 National-bank notes Gold certificates Silver certificates Minor coin 122 . Total 89 2,000 17,872 1,165,740 1,145 3,887,340 • 33,4i6 553,227 929,600 156,380 63,855 4,783,722 . 1,208,121 2,370,205 N a t i o n a l - Gold certificates. b a n k notes. .Account. 100 692,226 9,619 1,323,510 '577,894 171,191 1,040 9,600 272,010 11,080,765 Silver cerM i n o r coin. tificates. • 339,500 Total. RECEIPTS. Customs . Internal revenue Miscellaneous D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers S t a n d a r d silver d o l l a r s Subsidiary silver M i n o r coin Gold certificates Redemption and exchange Issues $2,060,870 2,270 6,360 107,060 80,850 8,848,990 16,290 70,900 5,080 $326,625 7,168 55,5or 297,886 251,660 6,136,440 202,160 97,046 9,493 $45 . 2 21 5 173 50,076 958,929 8,861,760 2,270,000 8,856,689 570,270 2,370,329 17,330,380 11,239,667 620,692 51,732,106 8,900 262,450 177,140 1,536,000 2,150,300 2,841,960 1,220,790 6,228,000 25,097 429,598 37,499 6,518,516 45 452 81 29,825 8,464,841 5,674,026 2,364,152 20,328,078 3,610,600 828,010 771,900 12,226 291,880 8,524,028 1,488,310 2,887,550 2,663,051 210,848 958,929 8,861,760 3,866,689 570,090 $4,645 9,045 170,060 142,355 979,250 99,870 6,275 Total $3,875,696 19,667 98,950 812,300 641,447 23,958,437 284,300 368,380 28,300 2,270,000 17,154,729 2,270,000 DISBURSEMENTS. Warrants a n d checks D i s b u r s i n g officers.. Post-Office D e p a r t m e n t Transfers Redemption and exchange: Gold coin S t a n d a r d silver d o l l a r s Subsidiary silver United States notes T r e a s u r y n o t e s of 1890 National-bank notes Gold certificates Silver certificates Minor coin Total .• 105,630 100,000 18,080 192,150 1,175 1,150,692 160 8,957 3,780 260 920 2,982,036 800 2,882,000 17,361,690 11,158,990 116,285 16,860 29,069 182,670 229,891 617,354 61,252,347 170 No. REPORT ON T H E FINANCES. 6 . — R E C E I P T S AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L ACCOUNTS AT THE SUBTREASURY IN N E W YORK FOR THE FISCAL Y E A R 1902. Gold coin. Account. Standard silver dollars. Subsidiary silver. United States notes. Treasury notes. RECEIPTS. $4,016,441 Customs Internal revenue Miscellaneous Disbursing officers ... Post-Office Department I'ransfers.. Gold bars Standard silver dollars Subsidiary silver Minorcoin Gold certificates Redemption and exchange Special customs deposit Issues 2,435 40,945 18,335 5,180,351 28,952,204 82,500 14,500 Total $162,308 9," 898' 13,662 10,100 $5,443 5 125 62,073 2,358 464,421 1 $5,528,687 1,685 154,783 1,223,192 1,276,728 31,236,257 $42,402 143,500 284,870 51,335 28,500 IOO 294 28,710 16,177 396,280 110,000 1.8,017,185 5,614,360 16,084,303 110 4.7,324,837 101 5,698,208 56,384,-896 5,810,328 16,618,839 87,225,975 6,110,671 437,220 255 7,448 1,461,996 8,520 96,274 5,688,159 108,152 1,726,535 41,026,000 6,131,000 6 5 19,650 DISBURSEMENTS. Warrants and checks Disbursing oflicers Transfers Redemption and exchange: Gold coin Standard silver dollars Subsidiary silver United States notes Treasury notes of 1890 National-bank notes Gold certi ficates Silver certificates Minor coin Clearing-house balances 26,500 . .. 70,000 46,486, 916 46,950,896 Total 767, 301 673,601 1,460,177 30,000 1,021,400 8,046,750 119,719 658 139 2,980,351 • 16,486,346 8,904,926 29,866,774 3,602,905 3,213,750 70,850 1,138,056 226,461 89,883, 909 N a t i o n a l - Gold certifi- Silver cerM i n o r coin. b a n k notes. cates. tificates. Account. - 6,131,000 Total. RECEIPTS. Customs Internal revenue .' Miscellaneous Disbursing officers Post-Office Department Transfers Gold bars Standard silver dollars Subsidiary silver Minor coin Gold certificates Redemption and exchange Special customs deposit Issues Total $156,078,295 101,320 2,228,090 28,526,140 8,760,820 302,383,685 18,807,030 4,810,580 78,000 453,260 5,239,880 16,625 633, 950 $5,638,104 857 106,901 1,811,519 1,812,879 56,006,146 1,211,170 64,862,645 374,598,410 850,000 118,889,746 5,093 1,994,805 26 7,109,365 961,875,795 185,838,951 2,048,326 1,328,518,146 3,000 7,123,000 35,074,520 616,599,719 16,871,600 46,548 1,824,556 88,817,000 848 3,865 384,325 35,288,088 620,198,617 166,458,835 " 18,090,066 5 5,616,848 6,196,971 4,097,840 1,916,758 1,405 1,136,500 12,192,081 4,229,700 42,148,450 46,000 217,440,630 1,012,000 75,796,962 818,578 154 274,122 3,031 189,770 1,071,620 220,034 1,446 • 11 18,111,135 5,616,843 16,238,897 47,417,494 5,622,694 1,211,170 64,827,937 119,024,116 2,004,637 217,667,396 963,324,265 185,148,715 2,099,871 1,819,626,863 $i39,980 1,114,148 1,173,355 2,923,927 .. $100 1 26 2,556 59 • 50,753 774, 295 296,620 42,291 $171,471,780 103,368 2,627,634 27,819,181 13,074,378 398,651,870 47,759,235 5,867,376 6,289,280 743,101 110,000 279,547,259 374,608,.740 350,000 DISBURSEMENTS. Warrants a n d checks D i s b u r s i n g officers Transfers. Redemption a n d exchange: Gold coin . . . S t a n d a r d silver d o l l a r s Subsidiary silver .. United States notes T r e a s u r y n o t e s of 1890 . National-bank notes Gold certificates Silver certificates Minor coin Clearing-house balances Total : .. 7,126,000 171 TBEASUBER. No. 7.—RECEIPTS AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L ACCOUNTS AT THE SUBTREASURY IN PHILADELPHIA FOR THE-FISCAL Y E A R 1902. Account. Gold c o i n . Standard silver dollars. Subsidiary silver. United States notes. Treasury notes. RECEIPTS. Customs Internal revenue Miscellaneous Disbursing officers Post-OfficeDepartment Transfers Standard silverdollars Subsidiary silver Minor coin . Gold certificates Redemption and exchange Issues Total $1,861,829 $15,459 $920 $3,962,112 $56,652 2,031 135 117,295 2,392,148 442 75,668 2,662 1,013 914 8,187 5,956 450,453 86,734 512,201 678,232 13,067,634 78,410 84,825 4,655,000 1,404,000 23 1,200 6 264,179 118,788 8,142 30,833 8,916 9,502 7,450 1,225 2,280 2,825,399 4,978,954 6,586,354 837,164 10,545,178 2,920,656- 5,446,590 25,271,229 956,664 2,394,151 1,272 76,054 362 3,738,963 1,286,810 7,747,295 794,045 7,899,000 952,500 DISBURSEMENTS. Warrants a n d checks D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers Redemption a n d exchange: Gold c o i n S t a n d a r d silver dollars Subsidiary silver United States notes T r e a s u r y n o t e s of 1890 National-bank notes Gold certificates Silver certificates Minor coin 781,158 652,162 125,000 20,000 745 657 : Total 2,282,865 18,495 63,300 6,493,690 195,000 1,095,647 10,619,110 3,553,755 Nationalb a n k notes. Account. Gold certificates. 7,922 11,738 428 304,886 9,928 642,504 418,710 174,442 333 5,387,037 1,807,180 3,989,700 745,950 1,516,000 65,300 237,310 25,587,590 S i l v e r cerM i n o r coin. tificates. 952,500 Total. RECEIPTS. Customs Internal revenue . . . . Miscellaneous Disbursingofficers Post-Office Department Transfers Standard silver dollars Subsidiary silver Minor coin Gold certificates Redemption and exchange Issues Total $13,030,310 $889,591 $50 $19,816,323 $68,832 ' 428,868 1,553,764 1,407,604 164,590 673,560 1,702,036 25,143,844 67 6 920 41 503,208 159,510 1,307,065 458,845 44,620 648,616 521,315 17,270,760 2,026,050 138,948 84,086 756,031 52,975,630 30,360,000 19,288,020 621,757 871,372 2,277,064 4,585,996 59,742,499 2,033,500 2,294,235 808,358 4,655,000 90,223,809 30,360,000 4,877,317 126,715,380 40,812,006 622,841 217,167,656 143,650 1,639,950 149,980 2,672,000 5,256,470 12,371,705 6,342,160 47,963,000 888,781 2,982,229 229,891 20,649,000 38 2,796 83 248,050 7,858,174 25,472,191 6,641,471 86,036,664 241,210 6,036,805 127,800 2,945,190 2,685,057 4,403 18,460 44,484,500 3,996,400 866,370 10,000 13,510,350 .1,989 8,528 412 2 57,703 4,191 118,528 53,730 104,081 34 6,049,000 2,825,659 4,998,413 6,584,654 841,964 756,032 52,975, 630 19,141,220 623,496 4,865,250 128,889,600 40,461,700 588,126 220,804,568 DISBURSEMENTS. Warrants a n d checks D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers Redemption a n d exchange: Gold coin S t a n d a r d silver dollars. . Subsidiary silver United States notes T r e a s u r y n o t e s of 1890 National-bank notes G o l d certificates S i l v e r certificates Minor coin Total 100 '.. 172 No. REPORT ON T H E F I N A N C E S . 8 . — R E C E I P T S AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON ALL ACCOUNTS AT THE SUBTREASURY IN BOSTON FOR THE FISCAL Y E A R 1902. , United Treasury bsidiary Gold c o i n . Svtearn dd ao rl ldasrisl .- S usilver. States notes. notes. Account.' RECEIPTS. Customs Internal revenue Miscellaneous D i s b u r s i n g officers. Post-Office D e p a r t m e n t Transfers S t a n d a r d silver d o l l a r s S u b s i d i a r y silver Minor coin . Redemption and exchange Total $143,159 $137,472 $2,024 $6,377,795 $163,104 702 16,487 162,955 702 118 2,836 8,785 1,093 185 2,710 425,659 110,259 574,872 852,428 12,498,106 100 800 2,195,308 3,792.110 1,517,730 322, 900 6,260 2,581,642 7,020 2 476 18,295 49,743 208,600 15,900 8,790 536,186 2,619,511 8,941,968 1,949,401 23,324,262 1,010,114 500,000 1,000 4,894 32,997 3,669 8,458,500 1,173 13,826 898 1,518,865 2,760,526 8, 978,004 874,370 6,754,000 1,Oil,093 •4 7 18,000 1,800 2,240 20 10,712 1,197,650 3,960 259,746 125,911 17,339 83,604 91,675 110,389 •3,774,402 1,963,682 DISBURSEMENTS. Warrants and checks.. D i s b u r s i n g officers Post-Office D e p a r t m e n t . Transfers Redemption and.exchange: Gold c o i n S t a n d a r d silver d o l l a r s S u b s i d i a r y silver U n i t e d States notes T r e a s u r y n o t e s of 1890 National-bank notes Gold certificates S i l v e r certificates Minor coin 44,830 :... . Total 1,747,520 1,220,890 2,352,200 284,400 92,710 184,470 28,469,570 NationalGold Silver b a n k n o t e s . certificates. certificates. M i n o r coin. Account. 1,Oil,093 Total. RECEIPTS. Customs Internal revenue Miscellaneous D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers S t a n d a r d silver dollars S u b s i d i a r y silver M i n o r coin .• Redemption exchange $14,588,610 $1,498,428 $138 $22,910,730 $81,390 606,300 1,029,868 I,694,924 52,630 394,760 1,305,370 15,005,550 44 21 256 48,020 252,850 46,220 98,927 431,500 14,270 1,299,270 113,848 494,806 979,101 14,638,830 2,753,400 305,750 87,020 14,057,201 171,150 367,183 2,078,533 4,206,846 44,532,622 2 962 000 1,329,000 112 360 26,249,524 .3,808,974 38,091,960 34,877,879 219,629 104,743,698 28,000 1,142,530 74,580 2,881,000 3,773,110 16,607,110 888,730 3,050,800 4,716 885,246 1,304 19,450,037 79 750 65 114,588 7,072,498 27,661,463 1,798,511 37,733,713 230,140 2,202,190 64,100 21,000 71,700 220,400 106 3,727,570 26,440 2,902,890 10,574,800 31,311 495 16.328 5,985 39,066 29,752,030 84,672,218 207, 662 . Total DISBURSEMENTS. Warrants a n d checks D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers Redemption and exchange: Gold c o i n S t a n d a r d silver d o l l a r s S u b s i d i a r y silver United States notes. T r e a s u r y n o t e s of 1890 National-bank notes Gold certificates Silver certificates Minor coin Total . . ". 2,000 29,950 3,886,200 2,220,306 3 791,670 1,498,470 2,582,942 637,586 98,927 1,299,270 18,979,601 164,420 100,434,877 173 TREASUEBB. N o . 9 . — R E C E I P T S AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON ALL ACCOUNTS AT THE SUBTREASURY IN CINCINNATI FOR THE FISCAL Y E A R 1902. Subsidiary • United Treasury Gold coin. Standardsilsilver. ver dollars. notes. States notes. Account. RECEIPTS. $243,840 Customs Internal revenue Miscellaneous. .. Disbursing officers Post-Office Department Transfers Standard silver dollars Subsidiary silver Minor coin Gold certificates Redemption and exchange Issues Total '•. : $254,350 $573,640 $6,000 500 103,000 $553 2 61 21 157 660,891 30,000 174,302 3,644,790 1,767,705 679,765 648,567 4,002,640 2,428,890 5,950,955 698,001 78,970 44,570 10,685 500 2,464 8,755 1,829 2,058,875 894, 675 1,348,467 607,769 2,510,000 693,001 50 2,895 47,124 216,850 572,257 5,000 81,630 10,000 8,795 3,000 69,600 432,800 3,452,450 375,200 358,500 6,000 1 5,666 21,400 633,200 27,400 DISBURSEMENTS. W^arrants and checks... Disbursing officers Post-Office Department Transfers Redemptiou and exchange: Gold coin Standard silver dollars Subsidiary silver United States notes Treasury notes of 1890 National-bank notes Gold certificates Silver certificates Minor coin Total 10,000 144; 225 Account. 4,117,885 351,755 45,503 45,600 294,585 4,469,640 2,499,685 1,000 8,000 29,042 6,190,955 National- Gold certifi- Silver cer- Minor coin. bank notes. cates. tificates. 593 001 Total. RECEIPTS. Customs.. Internal revenue. ^ Miscellaneous Disbursing officers Post-Office Department Transfers Standard silver dollars Subsidiary silver Minor coin Gold certificates. Redemption and exchange Issues .. '. Total $500 930,000 1,707,000 2,375,050 107,500 231,450 1,000 $786,100 700 16,000 908,920 633,450 5,847,610 470,240 409,700 2,100 $997,315 4,918 64,035 2,196,689 809,960 4,982, 607 2,529,480 652,660 108,565 5 2 10 44,009 76,288 eis,i35 2,237,022 266,547 6,427,788 10,058,956 14,083,201 810,577 43,404,574 458,915 1,250,305 418,031 3,002,000 2,926,537 3,095,167 1,754,827 775,000 2,449,879 1,284,263 326,534 4,203,008 579 908 414 119,825 6 806,519 7,027,935 8 115,089 17,379,089 155,881 1 204 301 3,663,950 1,759,230 677 105 370,000, $4 $2,861,802 5,620 82,602 4,105,182 8,098,877 17,568,147 4,025,620 1, 683,505 117,665 30,000 9,460,554 870 000 DISBURSEMENTS. Warrants and checks Disbursing officers.' Post-Office Department Transfers Redemption and exchange: Gold coin Standard silver dollars Subsidiary silver United States notes . Treasury notes of 1890 National-bank notes . Gold certificates Silver certificates Minor coin Total 289,645 6,000 775,800 10,000 45,474 8,663,950 477,035 11,000 3,000 29,992 625,000 1,500 93,243 3,000 1,481,080 112,545 5,446,788 10,112,955 14,057,263 31,724 29,785 30,685 99,280 75,288 615,135 2,289,200 264,822 813,151 43,827,668 1 7 4 NO. REPORT ON THE FINANCES. 1 0 . — R E C E I P T S AND DISBURSEMENTS OF E A C H K I N D OF M O N E Y ON A L L ACCOUNTS AT THE SUBTREASURY IN CHICAGO FOR THE FisCAL YEAR 1902. Account. Treasury United sil- Subsidiary Gold coin. Standard notes. silver. States notes. ver dollars. RECEIPTS. Customs Internal revenue Disbursing officers Post-Office Department Transfers Minor coin Redemption and exchange Issues Total $349,694 $2,762,720 $9,798 1,004,960 14,178,800 3,236,276 37,208,642 82,500 3,414,250 291,060 46 12,144 15,375 11,930 345,430 620 175 4,292,828 10,285,390 2,721,068 9,855,327 5,534,144 72,464,598 3,116,586 4,353 1,005 2,205 9,724,273 5,226 2,240 3,802 4,903,845 29,710,360 12,874,127 2,394,210 13,827,000 3,103,400 753 2,000 69,000 3,926,299 9,472,503 39,000 $644 Si, 187,248 1,535 57,805 150,690 6,128,494 20,000 25,000 3 21 30,000 7 20,665 1,220,000 2,410,000 378,604 8,638,055 9,521,822 816,230 615,600 40,300 284,402 DISBURSEMENTS. Warrants and checks Disbursing officers Post-Office Department Transfers Redemption and exchange: Gold coin Subsidiarv silver United States notes Treasurv rotes of 1890 National-bank notes Gold certificates Silver certificates Minor coin 200 i 2,260,990 4,017,722 Total Account. Total 9,875,087 5,480,788 2i6,000 301,081 72,825,580 National- 1 Gold eerti- Silver cer- Minor coin. tificates. bank notes. ficates. 3,103,400 Total. i RECEIPTS. Customs Internal revenue Miscellaneous Disbursing officers Post-Office Department Transfers Standard silver dollars Subsidiary silver Minor coin Gold certificates.. . Redemption and exchange Issues 84,432 511,662 4,485 12,205 10,810 25,760 58,819 $926,285 1,115 186,625 1,618,300 1,973,953 33,253,432 9,014,790 571,581 173,120 106 119 268 15,178 4,254,016 2,410,000 22,894,357 379,872 5,796,090 54,942,302 70,613,558 395,703 232,240,130 280,450 2,230,885 157,500 3,400,000 10,450,610 22,927,060 6,711,960 5,780,000 6,044,827 7,500,904 2,136,907 24,144,000 4,430 2,189 2,166 75,305 47,316,486 46,154,010 11,449,050 65,242,225 5,000 91,500 2,756,190 78,900 41,100 80,000 198,842 20,008 8,503,795 222,916 261 2,418,773 153 1,980,950 2,993,000 40 19,548,417 78,632 221,964 749 1,070 1,226 31,348 39 2,779,304 8,656,695 4,281,815 10,286,390 2,720,668 13,275 4,254,016 22,892,957 380,152 53,998,612 70,619,480 340,639 226,427,043 $7,631,756 $2,875 1,350,290 2,388,670 1,872,545 80,000 81,910 6,525 75,580 3,227,780 3,762,900 33,389,010 80,500 100,820 9,940 13,275 $159 1 $12,868,304 1,115 1,271,727 20,445,248 11,548,818 113,129,231 9,623,220 4,194,182 480,820 2,410,000 53,857,465 2,410,000 DISBURSEMENTS. Warrants and checks Disbursing officers Post-Office Department Transfers Redemption and exchange: Gold coin Standard silver dollars Subsidiary silver United States notes Treasurv notes of 1890 National-bank notes Gold certificates Silver certificates Minor coin Total 400 6,165,735 175 TEEASUREE. J^o. J l . — R E C E I P T S AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON ALL ACCOUNTS AT THE SUBTREASURY IN ST. LOUIS FOR THE FISCAL Y E A R 1902. Gold coin. Account. Standard silver dollars. Subsidiary United silver. Statesnotes. Treasury notes. RECEIPTS. Customs Internal revenue Miscellaneous D i s b u r s i n g officers Post-Office D e p a r t m e n t . Transfers S t a n d a r d silver d o l l a r s Subsidiary silver Minor coin . Gold certificates RedemptioQ a n d exchange Issues 10,000 7,085 • 81,055 1,046,060 $108,172 27 8,049 20,470 88,672 3,068 1,277 28,783 971,015 1,060,000 638,590 8,138,248 2,881,790 16,810 317,696 2.000 278,818 $89,000 Total $1,018 I $658,826 $5,400 81,436 531,558 811,268 10,968,815 35,000 2,258,889 221,685 500 1,100 23 052 93,4] 6 1,284,434 .3,483,881 1,695,075 90,100 8,356,706 4,485,420 17,262,492 1,498,002 1,098 2,164 818 7,018,096 766 695 559 2,995,884 1,209,740 8,145,188 •1,106,715 8,222,020 1,439,002 2 30,037 1,258,408 3,458,881 241,813 90,100 DISBURSEMENTS. Warrants and checks. D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers Redemption and exchange: Gold c o i n S t a n d a r d silver d o l l a r s S u b s i d i a r y silver United States notes T r e a s u r y n o t e s of 1890 National-bank notes Gold certificates Silver certificates Minor coin 924,000 589,290 500 2,666 267,088 Total I,538,818 7,611,466 4,256,764 17,773,582 N a t i o n a l - Gold certifi- Silver certificates. M i n o r coins. b a n k notes. cates. Account. 1,439,002 Total. RECEIPTS. Customs...... Internal revenue .. Miscellaneous D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers S t a n d a r d silver dollars..'. S u b s i d i a r y silver M i n o r coin Gold certificates Redemption and exchange Issues $1,128,650 -. $713,305 13 188,912 799,744 901,570 24,861,028 5,399,566 5,067 $142 2 151 148 6,099 156,323 2,649,960 2,680,000 1,123,197 268,498 18,074,500 16,639,210 83,902,402 431,358 98,571,880 62,000 2,210,500 719,000 11,708,000 145,700 5,231,000 1,109,500 6,840,000 582,569 12,678,755 1,734,426 9,803,051 181 205 150 233,820 2,018,364 23,586,202 4,673,168 48,538 636 1 I 628,590 8,143,668 3,468,881 1,695,075 90,100 $5,000 1,204,595 1,262,680 10,529,325 .. 78,000 « Total 87,500 269,100 359,428 9,101,272 279,000 88,300 1,000 $2,699,508 48 376,648 2,835,072 3,557,447 57,730,822 6,998,000 2,425,256 222,685 1,060,000 17,987,049 2,680,000 DISBURSEMENTS. Warrants a n d checks D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers .. Redemption and exchange: Gold c o i n S t a n d a r d silver d o l l a r s S u b s i d i a r y silver United States notes T r e a s u r y n o t e s of 1890 National-bank notes G o l d certificates S i l v e r certificates Minor coin Total i 1,593,550 8, i43, 668 10,000 194,854 1,725,960 2,649,960 1,123 197 267,088 531,407 14,709,500 16,645,710 33,473,876 429,211 97,877,929 176 M'o. REPORT ON T H E FUSTANOES. 1 2 . — R E C E I P T S AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON ALL ACCOUNTS AT THE SUBTREASURY IN N E W ORLEANS FOR THE FISCAL YEAR- 1902. Subsidiary United Treasury Gold coin. Svtearn ddaorl dl a rsilsilver. s. notes. States n o t e s . Account. RECEIPTS. $117,541 930 610 4,752 2,798 1,051,996 Customs In ternal revenue Miscellaneous. D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers... S t a n d a r d silver dollars S u b s i d i a r y silver Minor coin Redemption and exchange $6,860 2,871 15,867 3,082 83,718 188,840 $21,794 16,981 8,516 5,489 16,626 23,787 136,655 6,132 4,919 157,950 4,372,150 1,009,060 $1,903,881 863,691 135,843 156,890 471,462 5,763,428 1,802, 496 883,609 28,100 537,360 1,608,226 5,083,781 1,255,298 11,481,260 398,799 76,029 92,648 116,050 888,499 156 160,558 2,151 1,340,101 1,358,990 8,350, 984 1,285,129 4,467,250 398,502 26 150 98,664 29,300 603,900 521,900 166,450 829,600 • Total $157,391 27,644 42,198 . • 93,830 87,694 • 302,874 DISBURSEMENTS. Warrants and checks D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers Redemption and exchange: Gold coin S t a n d a r d silver dollars Subsidiary silver United States notes T r e a s u r y n o t e s of 1890. National-bank notes Gold certificates Silver certificates Minor coin . . 16,160 3,050 303,000 Total 610,239 1,906 701 1,174 20,040 983,053 1,506,888 11,788,781 N a t i o n a l - •Gold certifi- Silver cercates. b a n k notes. tificates. M i n o r c o i n . Account. • 398,502 Total. RECEIPTS. Customs Internal revenue Miscellaneous.. D i s b u r s i n g oflicers Post-Office D e p a r t m e n t Transfers S t a n d a r d silver dollars S u b s i d i a r y silver Minor coin Redemption and exchange Total $862,911 226,707 55,241 46,925 338,000 5,184,876 3,338,029 243,814 22,996 1,277,282 $129 747 6,811 273 10,814 109,401 354,650 21,826 8,550 $2,749,030 733,780 42,670 50,540 806,850 2,986,170 2,486,820 446,630 28,420 303,000 48,459 $5,319,037 2,442,036 373 796 702,391 1,719.237 17,lb6,506 7,264,000 1,883,836 95,760 8,038,411 3,417,870 10,127,860 11,096,781 176,134 44,495,009 258,'591 677,404 294,171 1,783,000 160,000 167,590 18,000 9,616,000 15,700 300,790 4,007 5,851,250 4,000 1,000 . 466,560 200 1,500 226,910 498,000 42,500 8,853,700 100 $568,736 67,040 340,610 501,775 1,660,185 , DISBURSEMENTS. Warrants a n d checks D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers Redemption and exchange: Gold c o i n S t a n d a r d silver d o l l a r s Subsidiary silver United States notes T r e a s u r y n o t e s of 1890 National-bank notes Gold certificates Silver certificates M i n o r coin Total 55,141 118,673 100 500 i, 273,566 1 11,299,047 174,415 28,419 8,414,845 10,724,000 1,788,437 4,781,189 1,603,458 24,579,325 829,600 4,377,150 1,013,060 637,860 157 950 8,650 803,000 1,277,282 48,459 40,799,770 177 TEEASUEEE. IVo. 1 3 . — R E C E I P T S AND DISBURSEMENTS OF EACH KIND OF MONEY ON ALL ACCOUNTS AT THE SUBTREASURY IN SAN FRANCISCO FOR THE FISCAL Y E A R 1902. Gold c o i n . Account. Standard silver dollars Subsidiary , silver. United States notes. Treasury notes. RECEIPTS. Customs : Internal revenue Miscellaneous . . . D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers S t a n d a r d silver dollars Subsidiary silver Minor coin Gold certificates Redemption and exchange.. Issues, . Total $9,377,Oil 477,280 2,140,447 1,448,832 1,586,061 17,327,947 503,500 1,663,415 . 70,870 270,000 18,736,180 $213,451 689 21;767 21,183 19, 224 1,439 $5,917 206 5,564 16,134 64,818 325,437 $33,'922 $10,298 6,165 25,780 54,090 1,303,299 1,299 1,611 5,440 738 574 50 3,329,627 1,754,641 176,729 14,493 • 48,501,543 3,607,880 2,172,717 1,600,035 34,458 8,001,480 34,476,663 1,822,090 4,606,330 4 1,381,250 895 194,404 734 1,680,900 DISBURSEMENTS. Warrants and checks D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers Redemption and exchange: Gold coin S t a n d a r d silver dollars Subsidiary silver . • United States notes T r e a s u r y n o t e s of 1890 National-bank notes Gold certificates Silver certificates Minor c o i n ' Total 1,851,600 , 96,763 2,199,624 1,754,686 173,670 13,185 ; . 24 691 758,020 6,200 21,295 166,631 48,833,198 3,340,100 1,300,000 25,000 1 • 8,035 527 60,140 2,037,399 1,598,485 Gold NationalSilver b a n k n o t e s . certificates. certificates. M i n o r coin. Account. 86,000 278', 485 36,000 Total. RECEIPTS. Customs . Internal revenue Miscellaneous D i s b u r s i n g officers . . . ' Post-Oflice D e p a r t m e n t Transfers S t a n d a r d silver dollars Subsidiary silver Minor c o i n Gold certificates Redemption and exchange Issues '.: $27,265 20,215 132,550 1,585 $142,970 1,000 11,020 12,320 64,960 18,160,820 $124,676. 8,401 16,004 38,465 1,227,028 1,214,926 $45 18 43 1,335 4,371 112,041 450 .* Total $9,908,290 479,193 2,221,971 1,663,414 1,959,979 33,460,884 1,719,000 1,563,915 70,870 270,000 20,014,574 270,000 60,140 768,020 270,000 163,446 21,298 242,205 14,401,110 2,792,946 189,151 73,491,540 1,100,000 1,000,000 122,000 121,000 649,500 10 40,105 10 77,895 8,002,889 39,442,422 1,822,884 9,170,125 120,050 18,491,740 24,143 3 14,006,181 8 829,627 1,754,641 176,729 14,4^3 60,140 758,020 168,446 21,298 142,170 73,722,345 DISBURSEMENTS. Warrants a n d checks D i s b u r s i n g officers Post-Office D e p a r t m e n t . Transfers Redemption and exchange: Gold c o i n Standard silver dollars Subsidiary silver United States notes T r e a s u r y n o t e s of 1890. . . National-bank notes Gold certificates S i l v e r certificates Minor coin 4' 90 ^ •. 615 242,050 Total FI 1902 1,130,003 12 14,712,740 2,780,208 178 IVo. REPORT ON T H E FINANCES. 1 4 . — T O T A L RECEIPTS AND DISBURSEMENTS OF EACH KIND OF MONEY ON ALL ACCOUNTS AT. THE TREASURY OFFICES FOR THE FISCAL Y E A R 1902. Account. Gold coin. Standard silver dollars. Subsidiary silver. United States notes. Treasury notes. N RECEIPTS. Customs . Internal revenue Miscelianeous Disbursingofficers Post-Office Department Transfers Gold bars Standard silver dollars Subsidiary silver Minor coin Gold certificates Redemption and exchange Special customs deposit Issues . . Total $2,265,107 28,360 73,102 223,996 160,388 568,185 $24,277 ' $23,776,019 .3,115 870,857 27,778 8,808,096 -94,862 17,923,900 161,718 8,029,796 4,887,149 214,703,715 1 48 I,951,826 1,208 7,412,857 9 728,044 $332 821 17,152 23,174 95,707 117,828 15,297,784 $16,303, 713 478,210 2,193; 266 1,613,495 1,981,491 35,043,103 28,952,204 566,000 1,689,320 107,195 10,805,000 88,249,900 43,115,015 39,Oil, 630 110 85,005,005 101 101,520,000 13,230,638 137,982,897 46,434,305 44,211,900 465,730,216 31,756,260 5,234,291 36,643,498 2,000,075 5,529,881 10,349 1,470,525 6,592 32,677,400 15,951 761,362 11,200 .24,983,598 39,818,577 53,661,410 8,287,127 166,199,270 14,003,998 981. 2,199, 684 1,754, 636 8,619,981 ' 85,981 3,202 61,838,482 201,583 21,295 629 806 6,166 222,918 4,380 • 810,687 3,766, 566 186,182 12,611 861 4,661,828 66,121 3,088,296 9,259,395 809,972 .904 139 425,081 110,009 22,175,026 54,792,887 5,459,234 9,301,570 4,813,349 1,075,531 2,517,717 2*26,461 101,520,000 17,783,000 38,977,018 43,858,420 470,383,249 31,786,998 129 23 2,570,961 54,015 16,180 DISBURSEMENTS. Warrants and checks Disbursing officers Post-Office Department Transfers Redemption and exchange: Gold coin Standard silver dollars Subsidiary silver United States notes Treasurv notes of 1890 National-bank notes Gold certificates Silver certificates Minor coin Clearing-house balances Redemption and destruction.... . 119,083,520 Total Gold Nationalb a n k n o t e s . certificates. Account. Silver M i n o r coin. certificates. Total. RECEIPTS. Customs Internal revenue. Miscellaneous Disbursing oflicers Post-Office Department Transfers Gold bars Standard silver dollars Subsidiary silver . . Minor coin Gold certificates Redemption and exchange Special customs deposit Issues Total '. •. ^ $198,367,705 839,020 5,884,960 29,532,150 17,Oil,384 501,530,139 18,807,030 7,649,430 8,097,295 1,149,555 $11,687,801 240,278 1,826, 566 8,376,877 7,445,780 343,116,821 $820 770 8,286 5,385 22,515 • 593,965 27,649,776 2,458,565 444,418 1 184,789, 973 374,598,410 129,850,000 2.i6,79S,7i6 5,093 235,508,000 4,575,558 26 217,025,096 1,428,057,041 855,558, 685 5,207,326 3,231,963,726 1,235,506 9,317,024 1,985,402 33,677,000 61,172,565 712,957,721 17,151, 950 167,435,900 9,669,392 38,986,796 4,566,910 302,240,915 .5,853 123,363 3,056 1,390,452 117,162,484 853,921,699 34,012,312 748 138 414 124,050 6,000 1,620,835 5,200 1,500 48,159,708 1,093,810 6,244,740 13,862,608 1,238,610 3,842,975 53,395,312 52,594,269 786,903 217,440,630 72,255,600 111,204 89,663,354 7,214,838 6,951,561 6,209,909 69,674,060 3,195,113 157,632,927 1,064,649 154 216,525,000 61,712 1,118 22 963,762 26,651 406,122 1,442,926 725,628 1, 636 11 49, 069, 547 43,087,342 • 39 010 958 84,863, 993 13,260,924 75,820,605 134, 755,264 216,809,466 4,555,955 217 667 395 428,168,874 146,951,266 215,224,908 1,429,083,291 858,706,782 5,152,312 $573,280 402,927 6,250,406 9,914,068 59,611,576 266,500 2,057,148 255,380 i37, 693, s i i $252,758,263 3,051,042 14,198,145 64,116,778 44,844,968 1,175,352,437 47,759,235 40,654,530 21,770,538 2,700,804 10,805 000 712,470,246 874, 603,740 466,878,000 DISBURSEMENTS. Warrants and checks D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers. Redemption a n d exchange: Gold coin S t a n d a r d silver d o l l a r s Subsidiary silver United States notes T r e a s u r v n o t e s of 1890 • National-bank notes Gold certificates Silver certificates Minor coin Clearing-house balances Redemption a n d destruction Five-per-cent fund Total 8,000 212,851 .20,085,274 146,951,266 3,207,256,498 179 TEEASUEEE. No. 1 5 . — A S S E T S AND LIABILITIES OF THE TREASURY OFFICES J U N E 30, Washington. Baltimore.' NCAV Y o r k . Philadelphia. 1902. Boston. ASSETS. Gold c o i n .. .. S t a n d a r d silver d o l l a i s Subsidiary silver United States notes T r e a s u r y n o t e s of 1890 National-bank notes Gold certificates Silver certificates Minor coin Fractional currency Bonds and interest paid $7,596,356.30 151,970,252. 00 736,983.40 5,721,928.00 .. 20.00 9,944,632.96 1,418,550.00 2,124,602.00 39,982.87 T o t a l c a s h assets Transfer account Aggregate $6,234,472.34 $185,207,016.00 $8,877,870.00 $19,145,226.16 2,705,713.00 63,924,457.00 7,660,084.00 1,942,260.00 780,439.82 524,718.80 . 1,421,241.15 148,293.65 131,858.00 665,461.00 " 233,395.00 388,084.00 651.00 80,660.00 4,274.00 1,856.00 22,607.00 9,979.00 26,109.00 • 8,977.00 549,270.00 22,393,870.00 1,772,510.00 6,068,550.00 850,098.00 130,372.00 610,160.00 470,220.00 19,193.67 61,820.11 169,635.84 29,178.02 88.94 29.16 7,357.52 614.80 4,279.75 243.50 179,548,302.52" 10,306,471.31 47,212,916.58 274,584,665.72 20,025,121.62 27,206,423.58 226,761,219.10 274,584,665.72 20,025,121.62 27,206,428.58 10,306,47L81 LIABILITIES. Outstanding warrants and checks 119,914.76 D i s b u r s i n g officers' b a l a n c e s 8,303,481.00 Post-Office d e p a r t m e n t account. 231,728.90 B a n k n o t e 6-per-cent redemption fund - . . -. 13,851,846.04 Other deposit a n d redemp2,857,342.08 tion accounts . 1,468,728.88 21,699,380.91 252,222.38 1,934,802.77 142 867 66 1,418,439.43 127,957.40 2,610,022.61 700,400.90 1,160,610.21 27,964.06 2,709,388.11 270,497.87 238,285.00 665,185.31 28,487,515.61 3,157,923.92 2,960,202.29 2,757,084.85 6,894,201.15 3,850,963.92 100,000.00 24,665,868.83 5,189, 689.41 217,580,317.46 11,577,558.29 5,673,592.97 18,672,628.32 226,761,219.10 10,306,471.31 274,584,665.72 20,025,121. 62 27,206,423.58 Cincinnati. Chicago. T o t a l a g e n c y a c c o u n t . 20,364,312.78 B a l a n c e t o c r e d i t of m i n t s a n d assav offices B a l a n c e of t r a n s f e r a c c o u n t B a l a n c e , g e n e r a l a c c o u n t . . 266,396,966.32 Aererreerate 35,805.25 463,458.60 St. Louis. New Orleans. San Francisco. ASSETS. $4,857,775.60 $22,424,032.99 Gold c o i n 2,062,430.00 389,000.00 S t a n d a r d silver d o l l a r s 634,918.00 232,120.00 S u b s i d i a r y silver 170,000.00 407,283.00 United States notes 1,000.00 20,596.00 T r e a s u r y n o t e s of 1890 38,000.00 10, 360.00 National-bank notes 371,000.00 2,477,900.00 Gold certificates 241,723.00 689,915.00 Silver certificates 12,206.48 134,777.77 Minor coin Fractional currency 755.22 2,206.00 Bonds and interest paid — $10,562,030.16 $5,787,952.40 $26,932,832.72 10,563,654.00 29,920,340.00 32,201,497.00 579,048.00 • ,657,859.58 546,661.71 868,250.00 5,512.00 464,992.00 104,100.00 612. 00 956.00 91,000.00 2,110.00 25,800.00 1,786,500.00 3,012,220.00 5,710.00 926,654.00 818,727.00 82,867.00 •21,458.15 15,824.93 3,948.22 18.85 14.88 729.80 320.96 - 57.25 T o t a l c a s h assets Unavailable 6,313,580.20 28,854,418.76 25,502,442.96 40,204,229.16 701,851.34 59,732,086.48 Aererresrate 6, ,313,580.20 28,854,418.76 25,502,442.96 40,906,080.60 59,732,086.48 39,408.53 486,024.71 661,015.48 3,619,178.03 156,609.16 1,135,630.54 91,611.83 561,984.72 852,656.52 4,611,563.94 662,033.10 2,947,200.40 470,753.29 445,409.38 375,705.53 59,851.00 54,780.49 824,393.76 11,420.95 6,582.47 1,247,317.84 7^^282,124.40 2,587,386.74 1,110,426.88 5, 346,508.46 942,322.96 4,123,939.90 556,380.06 88,218.92 20,927,695.38 -4,233.44 8,886,190.26 1,966,182.73 19,024,632.52 37,829,470.89 755,408.76 2,148,815.65 51,487,358.61 6,313,580.20 28,854,418.76 25,502,442.96 40,906,080.50 59,732,086.48 LIABILITIES. Outstanding warrants and checks .. ... Disbursingofficers' b a l a n c e s Post-Office D e p a r t m e n t account. . . Other deposit a n d redemption a c c o u n t s Total agency account. B a l a n c e t o c r e d i t of m i n t s a n d assay offices Balance transfer a c c o u n t . . . Balance general account... Aererresrate 180 REPORT ON T H E F I N A N O E S . No. 1 6 . — A S S E T S OP THE TREASURY IN THE CUSTODY OF MINTS AND ASSAY OFFICES J U N E . 3 0 , 1902. Boise City. Carson City. Dahlonega. Charlotte. Deadwood. BULLION FUND. Gold coin Gold bullion Standard silver dollars Subsidiary s i l v e r . . . Silver bullion United States notes . . .. Minor coin Balance in subtreasuries and national banks $29,251.25 .24 $11,800.39 8,390.22 5,782. 00 2,499.24 1,277.12 2,190.00 132,823.27 10,478. 04 $26,181.49 Total available Unavailable 164,264.76 40,222.01 75,649. 75 26,181.49 32,000.00 $27,950.03 Aggregate 164,264.76 115,771.76 68,181.49 27,950.08 Denver. Helena. • - New York. $66,705.68 66 705 63 66,705.63 NCAV Orleans. San Francisco. BULLION FUND. Gold coin Gold bullion Standard silver dollars Subsidiary silver Silver* bullion United States notes Minor coin ; Balance in subtreasuries and national banks Total available Unavailable Aggregate $41,664.28 $67,921.21 $82,993,050.00 $10,145.00 30,762,584.96 • 921,278.30 8,760,071.01 1,152.00 18,038,000.00 55,804,122.00 947.25 1,944,867.14 • 798,589.44 560,938.97 5,098,819.33 998,821.43 44,156.00 87.25 $757,773.39 248,142.75 757,773.39 289,806.98 32,316,647.85 26,110,041.98 147,018,587.14 25,000.00 413,557.96 767, 773.39 289,806.98 32,316,647.85 26,135,041. 98 147,432,145.10 = Philadelphia. 980,792.42 2,673,988.26 ^ St. Louis. Seattle. Total. BULLION FUND. Gold coin'. $55,209,014.50 Gold bullion 87,639,683.12 Standard silver dollars 94,353,-687.00 Subsidiary silver 2,483,344.86 Silver bullion .. 26,437,774.63 United States notes Minor coin Balance in subtreasuries and national banks Total available. Unavailable _ Loss on recoinage Aggregate bullion fun d 266,073,854.11 $1,739.69 $1,118,292.52 8.61 4,233.44 1,289,680.55 6,190,739.24 6,976.74 2,407,973.07 476,277,535.15 574,057.74 1,530.02 5,976.74 2,407,973.07 475,853,122.91 1,530.02 266,074,884,13 $138,291,931.10 124,282,805.30 168,197,743.00 5,175,248.17 33,092,635.09 46,346.00 87.25 MINOR COIN A ND METAL F U N D . United States notes Minor coin Aggregate assets 49,645.00 406,791.23 266 .^31. S9,n 8fi 49,645.00 406,791.23 Ft Q7fi 7 4 2 4 0 7 Q7S 0 7 , ,... 47fi SOQ F,m Td 181 TEEASUEEE. I ^ o . l*y.—GENERAL DISTRIBUTION OF THE ASSETS AND LIABILITIES OF THE TREASURY J U N E 30, 1902. Treasury offices. Mints a n d assay offices. Nationalbank and o t h e r depositories. I n transit. Total. ASSETS. Gold coin Gold bullion Standard silver dollars.. . . Subsidiary silver . . . . Silver biillion United States notes Treasury notes of 1890 National-bank notes Gold certificates Silver certificates Minor coin Fractional currency Deposits in national banks Bonds and interest paid. . . $297,625,563:57 $138,291,931.10 124,282,805.30 803,229,687.00 168,197,743.00 6,262,284.11 5,175,248.17 38,092,635.09 9,056,758.00 95,991.00 164,224.00 10,179,574.95 38,851,080.00 6,894,333.00 497,526.06 406,878.48 146.88 $382.00 25,001.52 3,236,545.00 33,000.00 1,016,000.00 1,362,OGO.00 1,045,005.00 15,000.00 $123,983,067.59 16,564.79 $^135,917,494.67 124,282,805.30 471,427,812.00 11,462,533.80 38 092 635.09 12,389,294.00 197 224.00 11,195,574.95 40,213,080.00 7,439,838.00 919,404.54 146.83 128,983,067.59 16,564.79 Total available assets: 672,277,742.31 701,851.34 Unavailable Unpaid loss on recoinage . Balance in subtreasuries and national banks Transfer account 47,212,916.58 469,543,232.14 128,983,067.69 6,732,933.52 1,272,536,975.56 574,057.74 218,463.56 1,494,372.68 1,530.02 1 530 02 720,192,610.23 476,309,559.14 124,201,531.14 6,782,933.52 1,327,436,534.03 Aererreerate 6,190,739.24 6,190,739.24 47 212,916 58 LIABILITIES. Outstanding warrants a n d checks 3,320,840.48 D i s b u r s i n g officers' b a l a n c e s 89,213,944.65 Post-Office D e p a r t m e n t a c count 9,731,821.72 B a n k - n o t e .5 p e r c e n t r e demption fund 13,851,846.04 Other deposit a n d redemp7,059,450.79 tion accounts T o t a l a g e n c y a c c o u n t 73,177,903.63 B a l a n c e t o c r e d i t of m i n t s a n d assay offices 6,286,986.18 B a l a n c e t r a n s f e r a c c o u n t . . 47,212,916.58 B a l a n c e g e n e r a l a c c o u n t . . . 594,614; 708.84 Aggregate No. 720,192,610.23 240,825.06 5,685,703.45 8,561,165.48 44,899,648.10 11,721.90 9,743,543.62 18,851,846.04 6,937,750.40 624, 871.37 7,684,322.16 624,871.37 79 740 525 40 908,753.06 6,190,789.24 47,212,916.58 476,309,559.14 117,360,027.68 6,108,062.15 1,194,292,352.81 476,309,559.14 124,201,531.14 6,732,933.52 1,827,436,534.03 18.—DISTRIBUTION OP THE GENERAL TREASURY BALANCE J U N E 30, Location. Washington ...-. Baltimore New York Philadelphia Boston.... Cincinnati.... Chicago St. Louis New Orleans San Franciso Mints and assay offices National banks United States depositories. In transit Total Treasurer's books. On deposit with States Total Treasury balance. Treasurer's general account. Receipts not covered by warrants.' $206,396,906.82 6,894,201.15 217,580,317.46 11,577,558.29 18,672,628.32 4,123,939.90 20,927,695.38 19,024,632.52 37,829,470.89 51,487,858.61 476,309,559.14 117,356,325.51 3,702.17 6,108,062.15 $110,933. 92 145.24 109,266.79 131,844.01 38,175.35 1,401.60 33,700.94 117,463.02 14,335.81 268,292.53 1,194,292,852.81 1,134,365.04 313,805.83 1902. Balance as shown by warrants. $206,285, 72.40 6,894, 055.91 217,471, 050.67 11,445, 714.28 18,639, 452. 97 4,122, 538.30 20,893, 994.44 18,907, 169.50 37,815, 135.08 51,219, 061.08 476,309, 559.14 117,042, 519.68 3,702.. 17 6,108, 062.15 1,198,1.57,987.77 28,101,644. 91 1,221,269,682.68 182 REPORT ON T H E BTNANOES. W o . 1 9 . — A V A I L A B L E ASSETS AND N E T LIABILITIES OF THE TREASURY AT THE CLOSE OF J U N E , 1901 AND 1902. J u n e 29, 1901. J u n e 30, 1902. ASSETS. Gold—Coin Bullion $435,917,494.67 124,282,805.30 $385,642,560.46 .109,205,736.96. $494,848,297.42 Silver—Dollars Subsidiary coin Bullion ll[462i533.80 88. 0 9 2 . 685. 0 9 513,687,329. 91 P a p e r — U n i t e d States n o t e s T r e a s u r y n o t e s of 1890 National-bank notes Gold certificates Silver certificates $560,200,299.97 471 4 2 7 S l 9 0 0 453,702,931.00 10,587,556.93 49,396,841.98 16,685,610.00 258,462.00 8,631,386.09 41,981,330.00 5,370,444.00 ' ' 72,877,232.09 O t h e r — M i n o r coin 636,154.99 Fractional currency 1,251.87 Deposits i n n a t i o n a l b a n k s . . . 100,010,493.95 Bonds a n d interest paid 297,921.81 Aggregate 515,982,980.89 12,389,294.00 197,224.00 11.195,574.95 40i213,080.00 7,439,338.00 71,434,510.96 919,404.54 14.6.83 123,983,067.59 16,564.79 100,845,822.62 124,919,188.75 1,182,258,682.04 1,272,536,975.56 LIABILITIES. Agency account: Outstanding warrants and checks. 2,883,662.45 D i s b u r s i n g officers' b a l a n c e s 48,097,801.28 Post-Office D e p a r t m e n t a c c o u n t . . 9,242,850.67 Bank-note 5 per cent redemption fund . • 13,267,236.27 Other deposit a n d r e d e m p t i o n accounts 8,545,644.24 3,561,165.48 44,899,648.10 9,743,548.62 18,851,846.04 7,684,322.16 82,037,194.^1 General account: Gold certificates Silver certificates T r e a s u r y n o t e s of 1890 Reserve fund Balance Aggregate No. ' 79,740,525.40 846,612,089.00 453,997,000.00 30,000,000.00 150,000,000.00 212,187,361.16 289,017,689.00 435,014,000.00 47,783,000.00 150,000,000.00 178,406,798.13 1,100,221,487.13 1,192,796,450.16 1,182,258,682.04 1,272,536,975.56 2 0 . — A S S E T S AND LIABILITIES OF THE TREASURY IN EXCESS OF CERTIFICATES AND TREASURY NOTES AT THE CLOSE OF J U N E , 1901 AND 1902. June 29,1901. June 30,1902, ASSETS. Gold coin and bullion Silver dollars and bullion Subsidiary silver United States notes Treasury notes of 1890 • National-bank notes Minor coin Fractional currency Deposits in national banks Bonds and interest paid Total $247, 811,938.42- $258,801,290.97 25, 673,216.98 27,962,785.09 10, 587, 556.98 11,462,538.80 16, 635,610.00 12,389,294.00 258,462.00 197,224.00 681,386.09 11,195,574.96 536,154. 99 919,404.54 1,251.87 146.83 010,493.95 128,983,067.59 297,921.81 16,564.79 , 410,448,998.04 441,927,886.56 82,037,194.91 150,000,000.00 178,406,798.18 79,740,525.40 150,000,000.00 212,187,361.16 410,443,993.04 441,927,8 1.56 LIABILITIES. Agency account Reserve fund Available cash balance..". Total l^RE ASURER. Sfo. 2l.—UNAVAILABLE 183 FUNDS OF THE GENERAL TREASURY DEPARTMENT JUNE 29, 1901. AND POST-OFFICE GENERAL TREASURY. On deposit with the following States under the act of June 23, .1836: Maine New Hampshire Vermont .^ Massachusetts Connecticut Rhode Island Nevv York Pennsvlvania New J ersey Ohio : Indiana : Illinois Michigan Delaware .' Maryland ....:: .-.. Virginia North Carolina South Carolina • Georgia Alabama...' ."" Louisiana Mississippi \ Tennessee Kentucky Missouri ; Arkansas $955,838.25 669,086.79 669,086.79 1,338,173.58 764,670.60 882,835.30 4,014,520.71 2,867,514.78 764,670.60 2,007,260.34 860, 254.44 477,919.14 286,751.49 286,751.49 955,838.25 2,198,427.99 1,433 757.39 1,051,422.09 1,051,422.09 669,086.79 477,919.14 882,385.30 1,433,757.39 1,433,767.39 882,335.30 286,751.49 Total on deposit with the States Deficits and defalcations: Subtreasuries: Defalcation, subtreasury United States, New Orleans, 1867, May and Whitaker $675,325.22 Defalcation, subtreasury United States, New Orleans, 1867, May property. 5,566.31 Deficit, subtreasury United States, New Orleans, 1885 20,959.81 Mints and assay offices: Deficits and defalcations, mint United States, San Francisco, 1857 to 1869 Defalcation, mint United States, Dahlonega, 1861 Defalcation, mint United States, Charlotte, 1861 Deficit, mint United States, New Orleans, 1895 Deficit, mint United States, Carson City 418,557.96 27,950.03 82,000.00 25,000.00 75,549,75 National-bank depositories: Failure, Venango National Bank of Franklin, Pa • Failure, First National Bank of Selma, Ala 181,377.51 33,383.87 Depositories United States: Defalcation, depository United States, Galveston, 1861 Defalcation, depository United States, Baltimore, 1866 Defalcation, depository United States, Pittsburg, 1867 Deficit, depository United States, Sante Fe, 1866, short in remittance $28,101,644.91 701,851.34 574,057.74 214,761.38 778.66 547.50 2,126.11 249.90 • 3,702.17 Total deficits and defalcations 1,494,872..63 Total general Treasury : 29,596,017.54 POST-OFPICE D E P A R T M E N T . Defalcation, Defalcation, Defalcation, Defalcation, subtreasury United States, New Orleans, 1861 depository United States, Savannah, 1861 depository United States, Galveston, 1861 , depository United States, Little Rock, 1861 Aggregate : 31,164.44 205.76 83.36 5,823.50 : 37,277.06 29,633,294.60 184 REPORT ON T H E F I N A N C E ^ . N o . 2 2 . — G O L D COIN AND BULLION IN THE TREASURY AT THE E N D OF EACH MONTH FROM J A N U A R Y , 1890. Month. 1890—January.. February. March ' . . . April 'May June July August... September October... November December 1891—January . . February. March April May June July August... September October . . November December 1892—January.. February. March April May June July...... August . . . September October . . November December. 1893—January.. February. March April . ; . . . May June July August... September October November December 1894—January.. February. March April May June July August ..-. September October . . November December 1895—January.. Febriiary. March April May June July August September. October..., November December . 1896—January . . , February. March Ajpril May June July August September. Coin. $249,963,167 252,460,026 268,782,305 253,612,783 263,784,858 255,615,950 254,397,959 252,748,602 246,179,012 233,634,208 230,113,362 226,220,604 229,942,686 288,469,299 232,749,808 220,773,624 193,929,831 176,450,878 174,091,456 176,482,281 178,631,016 189,616,905 198,412,689 196,634,061 198,454,175 198,847,863 198,949,892 193,911,278 193,573,580 180,741,321 170,682,622 166,583,680 164,550,486 166,135,247 167,615,258 156,662,452 147,375,064 137,837,900 138,874,473 121,763,685 115,646,742 110,109,923 103,363,626 78,049.667 72,183,128 66,616,899 70,2.11,506 73,624,284 66,490,319 107,029,805 116,228,429 116,475,990 IOO,000,110 86,605,128 73,872,012 76,944,532 79,602,889 81,416,461 118,045,402 91,879,020 51,848,230 94,065,558 88,098,517 89,954,140 94,265,611 99,147, 914 94,702,657 89,202,384 86,216,756 88,951,827 88,977,079 88,378,892 84,226,419 140,874,615 142,831,047 135,594,888 118,644,288 111,808,340 119,871,284 106,561,114 121,772,787 Bullion. Total. Held against certificates. $66,080,287 $816,048,454 $138,657,169 318,593,752 130; 604,804 66,133,726 820,225,794 184,938,079 66,443,489 820,878,411 134,642,839 67,265,628 321,333,258 130,788,899 67,548,895 821,612,424 131,880,019 65,996,474 62,138,864 ' 316,686,823 182,444,749 124,382,539 57,471,618 310,220,120 158,104,739 59,907,459 306,086,471 138,173,979 60,855,395 294,489,603 181,316,499 63,642,618 293,755,880 144,047,279 66, 799,610 293,020,214 155,839,449 67,624,860 297,567,546 147,119,129 63,862,654 296,831,963 144,317,069 69.685.416 292.436.219 138,890,799 59,869,416 280,633,040 122,124,389 61,401,672 255,381,503 120,850,399 62,067,744 238,518,122 115,715,389 62,736,957 236,828,413 108,278,079 65,262,257 240,744,488 112,451,569 66,343,775 244,974,791 186,100,319 74,168,836 263,774,741 142,649,969 78,430,504 271,843,193 148,106,119 82,212,689 278,846,750 163,178,959 84,299,689 282,753,864 160,001,279 83,275,529 282,128,392 154,329,229 81,194,377 280,144,269 163,713,699 79,712,183 278,628,456 167,295,209 77,963,512 271,627,092 141,235,389 74,886,385 255.577.706 136,861,829 76,623,598 247.806.220 128,387,879 76,960,115 242,648,695 121,210,399 76,055,422 240,605,908 120,256,349 78,126,222 244,261,469 128,188,809 79,983,208 247,598,466 117,098,139 81,697,350 288,859,802 120,645,819 81,452,478 228,827,632 114,388,729 79,835,048 217,672,948 111,486,009 79,503,760 218,378,238 105,272,029 80,529,774 202,288,359 101,469,969 80,871,868 196,618,610 92,970,019 78,345,510 188,455,438 87,611,029 83,460,836 186,813,962 80,414,049 98,378,505 176,423,172 79,627,699 101,026,648 • 173,209,771 78,889,309 96,657,278 168,274,172 78,163,079 90,910,622 161,122,128 77,412,179 84,679,495 158,803,779 77,015,419 77,175,275 142,665,594 70,985,729 70,432.992 177,462,797 70,306,909 60,282,616 176,466-, 045 69,990,449 58,716,468 170.192.458 69,874,549 48,067,706 148,067,816 66,344,409 44,612, 311 131,217,434 65,947,229 47,050,824 120,922,836 65,668,969 43,941,337 120,885,869 64,790,439 44.063.417 128,665,756 64,252,069 44,197,485 125,618,896 68,926,899 46,305,066 164,850,468 53,361,909 47,727,334 139,606,854 52,647,809 46,010,546 97,853,776 51,507,769 44,'527,722 138,593,280 48,848,189 51,387,979 139,486,496 48,751,009 50,044,014 139,998,154 48,539,569 63,425,367 147,690,978 48,881,569 56,746,018 155,898,982 48,117,579 60,651,509 155,354,066 49,081,089 . 60,208,542 149,410,926 50,645,539 57,340,757 143,557,513 50,417,659 54,409,512 148,860,889 50,233,979 45,590,866 129,567, 945 49,986,439 29,820,315 113.198.707 49,847,849 15,467,938 99,693,357 43,733,019 26,821,484 167,695,999 43,239,249 29,054,663 171,885, 710 43,052,559 32,851,621 168.446.459 42,961,909 32,662,860 151,807,143 42,320,759 32,217,024 144,020,364 89,298,479 80,640,941 150,012,225 38,867,639 33,264,086 139,825,200 38,736,639 40,998,574 162,771,311 Net. $177,,386,285 187,,988,948 185,1,287,715 186,,235,572 190; 544,854 i9o;:, 232,405 184;,092,074 185,,837,581 147,,981,732 156;,315,624 162-, 489,381 148;,972,935 141 ,728,097 149!,712,824 148;;, 118,150 141,,742,241 183;,207,164 117,667,723 i2i; ,118,024 132;,471,409 132,;, 523,222 127,674,422 129,, 198,224 130,,740,681 119,,574,905 122,:, 122,118 125,,815,040 119 ,909,757 . :, 231,883 114; 114,:, 342,367 1,444,391 110, :, 156,816 114, 119,1,895,509 124!:, 006,120 124!:, 409,657 12i:., 266,663 108;;, 181,713 108;;, 284,219 106;,892,224 97;,011,830 95,,048,641 95,,485,414 99,,202; 938 96,, 009,123 98,;, 582,172 , 884,863 82 ,959,049 8O;', 891,600 65;, 650,175 106;1,527,068 106;i, 149,136 100;1,202,009 78;1,693,267 64;:, 878,025 54,:, 976,607 55,,216,900 58,1,875,317 61 ,361,827 105,,424,569 86,.,244,445 44,,706,967 87,,085,611 90,1,648,307 91 ,247,145 99;1,151,409 107,,512,368 107,,236,487 100,S829,837 .92,:, 911,974 :, 943,180 . 92, •79,,333,966 63,,262,268 49,,845,508 128 ,962,980 128,,646,461 125,,393, 900 108,., 345,234 101 ,699,605 110;1,718,746 100;I, 957,561 124,,034,672 185 TREASURER. No. 22.--GoLD COIN AND BULLION EN THE TREASURY AT THE E N D OF EACH MONTH PROM JANUARY, 1890—Continued. Month. 1896—October... November December 1897—January.. February. March April May June July August... September October November December 1898—January . . February. March April May June July August September. October..., November. December 1899—January . . February. March April May June July August September. October ... November. December . 1900—January . . . February.. March April May. , June July August September. October ... November. December. . 1901—January . . . Februa'ry. March. April May June , July August September. October ... November. December. 1902—January . . . February., March April May June July , August — September. October . . . Coin. $107,706, 117,557; 120.638, 130,100, 189,356 151,988, 157,976; 155,167; 152,529, 149,114; 150,003, 154,838, 168,417; 161,965, 151,9io; 161,266, 151,609; 147,266, 133,618; 110,702; 104,775, 126,848, 148,201 162,391 141,800 188,44i; 139,654, 127,505, 186,706, 166,745, 158,155, 139,459, 153,522, 152,189, 189,986, 221,271 240,800; 248,848 253,555; 262,249; 281,859, 294,373, 302,070, 306,941, 808,734; -307,427 812,231; 314,467; 315,780; 324,900; 328,227 836,445, 350,618 358,07i; 374,203, 384,465, 385,309, 889,194 394,686, 898,024 401,105, 407,963, 415,114, 422,411; 430,189, 428,163, 429,633, 435, no, 435,917; 435,878; 442,629; 456,382, 457,783; Bullion. $47,617,328 51,969,827 54,665,385 62,286,769 46,849,626 87,254,294 82,786,057 26,639,659 26,547,082 28,929,752 31,230,365 30,228,294 •36,969,525 42,123,368 45,559,060 49,465,077 62,454,816 68,647,258 88,671,585 96,998,864 98,049,765 99,294,921 105,175,997 116,299,578 133,423,574 138,602,645 142,074,889 134,186,534 127,385,067 121,560,849 120,829,945 121,742,353 119,870,884 125,658,786 127,460,201 131,730,392 139,017,060 141,809,806 144,476,938 141,246,781 131,632,010 127,627,817 124,919,092 116,966,718 112,378,183 123,743,385 116,421,006 124,773,696 142,485.812 149,581,276 151,121,714 142,655,026 138,185,647 139,261,556 125,823,690 111,252,480 109,012,031 116,229,165 123,118,151 131,127,604 139,919,488 181,874,637 125,683,446 124,133,899 114,387,642 115.182.087 116,586,538 117,586,680 124,282,805 126,890,672 128.673.088 135,124,588 148,516,021 Total. $155,823,833 169,527,102 175,203,988 182,387,122 186,206,028 189,242,803 190,762,889 181,707,391 178,076,657 178,044,678 181,284,165 184,561,664 190,387,257 194,089,260 197,469,236 200,731,652 204,063,971 210,903,834 217,190,186 207,701,264 202.825,049 226,188,393 253,377,494 278,691,462 275,224,072 276,944,092 281,729,484 261,692,280 264,091,477 278,306,855 278,985,254 261,201,428 273,393,480 277,848,828 317,446,961 353,002,880 379,817,815 890,653,107 398,032,027 403,496,505 413,491,673 422,000,915 426,989,371 422,906,844 421,112,654 431,170,785 428,652,388 439,241,511 458,266,143 474,482,084 479,349,261 479,100,353 488,698,803 497,882,743 500,026,852 495,717,674 494,821,633 505,423,280 617,798,435 529,152,523 641,025,163 639,838,236 540,797,603 546,645,240 544,676,908 543,346,029 546,219,775 552,697,262 560,200,300 562,769,024 571,802,683 590,506,825 606,299,127 Held against certificates. $38,197, 38.016, 37,887, 87,686, 87,544; 87,456, 37,421 37,387; 37,285, 37,226, 87.017, 36,898, 86,814, 36,725, 36,557, 36,494, 86,440, 86.819, 85,951, 85,883, 35.820, 36,693, 86,473, 85,393, 86,338, -35,280, 35,200, 38,089, 32,966, 32,892, 32,845, 82,786 82,656, 32,593, 68,688, 98,673, 127,593 160,908; 161,122, 184,882, 181,266, 173,642, 197,527, 204,049, 200,555, 207.603 210,388; 209,110, 215,595, 231,246, 282,789, 267,916, 267,648, 248,286, 263,259, 261,285, 245,715, 255,467 259,342, 277,517 281,678, 282,298, 277,997 807.604 305,755, 298,487, 303,274, 306,142, 306,399, 314, 764, 806,644, 304,882; 842,756; Net. $117, 181 137 144; 148, 161 158; 144, 140, 140, 144, 147' 153; 157 I6O; 164, 167 174; I8I; 171, 167 189; 217, 243, 239, 241, 246, 228, 231 245; 246, 228, 240, 245, 248, 254, 252, 239, 236, 218, 232, 248, 229, 218, 220, 228, 218, 230, 242, 243, 246, 221 231 249; 246, 244, 248, 249, 258, 251, 259, 257 262, 239, 238, 244, 242, 246, 253, 248, 264, 286, 263, 624 858 544 498 209 464 890 562 738 699 376 105 148 851 547 798 182 135 137 055 410 714 485 543 163 443 176 341 638 706 225 239 211 534 972 821 796 905 230 616 336 064 962 546 185 876 969 162 174 786 322 644 064 644 053 245 794 831 786 854494 887 584 401 209 050 286 393 291 005 694 771 186 REPORT ON T H E FINAN C E S . N o . 2 3 . — S I L V E R COIN AND BULLION IN THE TREASURY AT THIJ END OF EACH MONTH, FROM J A N U A R Y , 1890. Month. Standard dollars. 1890—January February March April May June July August September".... October November — December 1891—January February March .". April .'.-... May June July August September — October November . . . . December 1892—January February March April May June July • August September . . . October November December . 1898—January February March April • May June July Augnst -September October November December 1894—January February March April May June July August September October November December 1895—January February March April May June July August September.... October Noveniber . . . ' . December 1896—January February . . . . . March April May Juiie 229,864 297, 575,621 302, 036,610 306, 429,289 809, 988,092 318, 259,910 314, 744,998 316, 071,592 315, 495,812 315, 278.902 317, 183,482 320, 433,982 326, 747.056 331, 040,452 384, 684,817 338, 588,509 343, 004,448 34.7,976,227 848, 471,389 349, 256,571 348, 341,193 347, 339.907 348, 191,920 849, 217,549 351. 653,110 352, 920,220 354, 063,617 855, 500.903 356, 468,435 357, 189, 251 357, 384,873 357, 843,849 356, 173,732 354, 740,380 354, 536,029 855, 054,049 357, 410,697 358, 474,895 359, 490,115 360, 359,922 361, 278,816 362, 302,707 363, 108,461 357, 677,820 360, 499, 882 360, 606,732 860, 906,628 361, 463,188 363, 597,057 364, 758,231 365;807,734 366, 677.908 367, 380,338 368, 141,831 368, 796,668 368, 991,724 366, 900,165 365, 332,738 364, 726,548 864, 537,659 366, 753,119 368, 177,389 369, 009,182 369, 713,330 370, 464,649 371, 306.057 371, 542,513 370, 704,876 368, 142,782 364, 935,217 364,,'528,596 364 083,702 366, 659,953 369, 273,688 371, 497,164 374, 187,554 376, 572,499 878, 614,043 Bullion. $:i 557, 11 156, 10 709, 9 432,. 8 955, 10 649, 11 658, 12 832, 14 485, 16 995, 18 796, 20 299, 21 277, 22 671, 25 870, 27 600, 29 172, 81 729, 36 583, 40 146, 43 973, 47 580, 50 316, 53 969, 57 940, 61 401, 65 720, 68 912, 72 501, 76 669, 80 479, 83 483, 86 000, 89 372, 92 999, 96 748, 99 282, 102 973, 106 709, 315, 114 289, 118 173, 119, 277, 122, 200, 124, 242, 126, 261, 127, 262, 127, 207, 127, 215, 127, 216, 127, 220, 127, 228, 127, 231, 127, 267, 127, 113, 126, 454, 126, 104, 125, 261, 125, 351, 125, 014, 124, 852, 124 551, 124, 673, 124, 583, 124 528, 124, 479, 124 670, 124, 687, 124, 652, 124, 721, 124, 603, 124 612, 124 575, 123 171, 122 187, 120 989, 119 989, 119, 053, no Subsidiary silver. $22,506,504 22.758.530 22,814,565 22,989,474 22,902,558 22,805,226 22,333,891 21,858,259 20,568,709 19,551,410 19,066,586 18,987,690 19,973,211 20,352,665 20,486,094 20,568,406 20,068,882 19,656,695 19,868,142 18,440,722 16,846,620 15,196,379 14.389.585 13, 789, 325 1.4,494,842 14,787,882 14,746,917 14,600,427 14.459.497 14,224,714 14,153,063 13,575,773 12.551.498 11,499,579 10,960,183 10,571,481 II,346,523 10,971,876 11,165,155 11,113,578 11,394,610 11,855,944 12,556,749 12,700,829 13,496,416 12,667,195 11,418,708 11,639,467 15,932,847 16,594,888 17,073,268 17,602,120 17,582,973 17.889.531 17,970,261 17,720,835 16,809, 713 15,424,118 14,724,392 14,483,636 15.481.586 16,181,145 16,677,511 16,516,559. 16,589,448 16,552,845 16,532, 936 16,055,743 14,882,337 18,426,421 13,032,387 12,764,321 14,186,737 14,820,486 15,246,374 15,459,003 15,637,424 15,730,976 Total. 351, J 355, ( 859,' 367,! 374, ( 381, ( 386,' 392,; 899,; 404,^ 500,; 506,' 508, i 510,: 511,' 512,: 513,; 513, i 513,: 509,^ 506, ( 504,! 504, ( 507, ( 508,! 510,: 510,! 511,1 512,; 512,' 511,' 507, < 503, < 502,: 501,' 505,' 507,: 508,1 510, i 512,: 513,; Dollars a n d bullion held against certificates and notes. $281, 331,771 284; 176,262 290; 605,562 292, 928,348 294; 656,083 297; 210,043 298; 748, 913 307; 080, 210 317; 390,207 322; 155,177 327' 835,299 332; 379,963 332, 648,086 386, 972,959 346, 725,735 .354 664, 640 ' 356;218,725 357; 592,565 362; 285,149 377, 274,356 386; 267,617 389; 867,912 393, 833,262 398 144,670 401 691,307 4io; 377,898 415, 285,347 420, 518,586 424' 682.151 428, 592,874 432, 902,993 437 671,782 439, 834,162 441 163,765 444, 261,546 446, 780,634 451 139,149 453; 146.985 458, 449,101 460, 777,504 465, 305,466 473 679,892 478, 474,738 476, 088,294 476, 274,174 478; 452,420 481, 875,626 482, 705,801 .483; 232,216 484 120,431 482; 347,581 483, 119,052 482, 639,701 479, 678,798 476, 938,864 477, 369,346 482, 129.986 482; 283,869 483; 296,154 481, 901.515 477; 218,813 476; 521,572 474; 076,845 472; 799,742 469, 597,451 465; 820.152 465, 846,398 '468, 267,541 474 101,117 474, 548.516 475, 439,173 473; 847,928 468, 938,619 469; 265,223 473; 113,706 471' 903,693 467, 698, 360 460, 942,789 Net. 187 TREAStrEiEB. No. 2 3 . — S I L V E R COIN AND BULLION IN THE TREASURY AT THE END OF EACH MONTH, FROM JANUARY, 1890—Continued. Month. Standard dollars. Bullion. 1896_July ~... $379,852,244 $118,753,758 August 881,056,160 116,681,740 September 380,688,963 114,829,399 October 381,361,339. 113,064,557 November 882,972,296 112,137,954 December 384,584,572 110,815,247 1897—January 388,617,255 109,704,519 February 390,939,629 108,914,614 March 393,211,822 107,862,462 April 895,342,193 106,990,150 106,042,492 May 397,511,546 June 899,992,540 104,591,039 July 400,838,020 105,109,460 August 105,125,123 398,908,078 September 894,948,022 105,078,550 October...— 892,517,014 104,858,852 November 892,933,031 103,531,722 December 394,327,049 102,284,736 1898—January 397,589,829 101,379,158 February 399,079,4.48 100,819,300 March 400,637,825 99,829,43'2 April 401,323,414 99,551,902 98,443,952 May 403,583,999 June 404,736,781 98,1.95,494 97,871,697 .July 405,013,186 96,141,237 August 406,266,209 September 404,045,769 96,066,097 October 408,399,342 94,675, 773 November ... 404,258,264 93,359,250 December 405,061,304 92,192,207 1899—January.: 408,851,769 91,228,953 February 410,157,482 90,189,188 March 410,656,670 58,825,937 April 412,803,833 87,916,328 May 415,606,941 85,909,876 June 416,869,480 85,288,249 July 417,263,958 84,933,898 August 416,364,995 84,564,627 September... 413,367,133 83,783, 745 October 411,760,636 82,359,030 N o v e m Der . . . 411,792,153 81,749,335 December 418,322,656 80,885,683 1900—January 417,404,684 79,721,632 February 41.8,092,709 78,370,617 March 422,284,131 74,974,311 April 425,921,246 72,838,333 May 428,165,552 71,253,621 June 430,341,739 70,015,735 69,425,982 July 431,641,874 August 68,076,004 430,975,719 September 430,125,050 65,054,052 October 430,809,821 63,471,119 November 482,439,956 61,314,851 December 432,967,264 60,799,687 1901—January 438,532,100 58,463,601 February 441,391,223 57,179,892 March 444,118,015 54,638,865 April 447,118,895 52,827,901 May 50,456,037 450,369,592 48,378,772 454,468,147 June 47,553,124 July : . . . . 455,667,412 45,386,477 August... 456,167,001 S e p t e m Der 456,125,010 48,263,268 Octobei 455,236,819 41,823,916 November 456,039,602 40,512,111 December 457,564,681 39,174,183 1902—Januarv 461,788,744 37,994,259 February 465,242,095 85, i85,267 March 466,941,477 34,302,486 April 468,217,664 32,932,101 31,452.000 May 470,24.5,230 .Fune 471,427,812 33,092,635 472,170,589 31,048,1.23 July 30,570,574 471,S70,379 August S e p t e m b e r . . . . 470,713,502 27,749,838 Octobei 469,250,068 27,171,804 - Subsidiary Silver. Total. Dollars a n d bullion held a g a i n s t certificates a n d notes. Net.. $16,004,145 $514,610,147 $459,999,951 $54,610,196 518,647,701 472,481,174 41,166,527 15,909,801 510,644,845 479,435,754 31,209,091 15,126,483 509,058,742 481,006,402 28,052, 340 14,632,846 609,680,450 477,989,401 31,691,049 14,570,200 509,615,585 476,472,080 33,148,505 14,215,766 513,736,349 479,734,813 84,001,536 15,414,575 515,659,266 481,259,781 34,399,485 15,805,023 617,048,212 481,157,433 35,890,779 15,974,428 518,496,110 480,450,219 38,045,891 16,163, 767 519,764,958 16,210,920 478,551,088 41,213,870 520,793,923 16,210,344 478,203,648 47,590,275 521,734,140 471,852,930 49,881,210 16,286,660 519,368.486 480,535,617 88,832,869 15,335,285 513,481,747 485,954,579 27,527,1.68 13,455,175 509,851,944 482,152,199 27,199,745 11,981,078 507,656,883 481,092,247 26,564,136 11,191,630 507,291,684 483,043,872 24,247,812 10,679,899 510,676,160 479,047,220 81,628,940 11,707,173 511,858,835 . 484,956,707 26,902,128 11,960,092 512,432,535 491,386,178 21,046,357 11,966,278 512,894,288 495,877,854 17,516 429 12,018,967 12,044,089 514,072,040 493,206,545 20,865,495 515,029,907 491,866,860 23,168,547 12,097,682 11,995,083 514,879,966 489,'332,716 25,5fl7,250 513,400,895 492,250,653 21,150,242 10,998,449 509,308,574 491,975,015 17,338,559 9,196,708 489,010,855 16,918,920 7,854,660 . 505,929,775 504,290,719 490,Oil, 426 14,279,293 6,678,205 503,212,854 488,855,275 14,357,579 5,959, 343 506,512,553 488,319,964 18,192,589 6,931,831 507,531,887 491,911,985 15,619,902 7,185,217 506,376,982 493,828,286 12,548,696 6,894,375 507,646,792 494,897,529 12,749,263 6,926,631 508,110,172 495,323,922 12,786,250 6,593,355 508,228,226 495,387,623 12,840,603 6,070,497 507,579,673 496,168,675 11,410,998 6,381,817 505,059,814 496,148,625 8,911,189 4,130,192 499,628,449 491,321,161 8,307,288 2,477.571 4.96,499,279 484,804,519 11,694,760 2,379,613 496,728,872 483,319,080 13,409,792 .3,187,384 497,200,739 483,361,096 13,839,643 2,992,4.00 502,043,817 484,390,325 17,652,992 4,917,001 501,772,1.67 487,301,487 14,470,680 5,308,841 502,582,324 488,418,359 14,163,965 • 6,373,882 504,271,753 489,822,810 14,448,943 5,512,174 505,432,661 487,917,649 17,515,012 6,013,488 506,964,446 484,526,347 22,438,099 6,606,972 484,095,294 24,208,432 508,803,726 7,235,870 506,756,909 486,263,727 20,493,182 7,705,186 501,747,657 487,979,735 13,767,922 6,568,-555 499,422,038 486,943,745 12,478,293 5,641,098 499,237,673 485,061,407 14,176,266 5,482.866 498,212,961 483,796,408 1.4,416,558 4,446,010 503,501,527 478,017,322 25,484,205 6,505, 826 505,801,665 478,297,690 27,503,975 7,280,550 507,768,679 481,087,320 26,681,359 9,016,799 509,770,503 482,453,522 27,316,981 9,829, 207 511,378,782 • 479,404,818 31,978,914 10,553,108 513,637,120 477,423,788 36,213,382 10,790,201 518,535,359 477,079,769 36,455,590 10,814,823 512,073,-685 477,983,842 /34,089,793 10,620,157 508,468,673 478,468,962 29,999,710 9,075,394 505,625,564 488,244,337 22,281,227 8,464,829 7,652,542 504,204,255 487,962,192 16,242,063 . 6,914,287 503,653,101 488,088,892 15,564,209 8,364,087 608,147,090 480,544,480 27,602,610 9,418,008 510,345,365 479,143,296 31,202,069 10,725,609 511,969,472 481,545, 692 30,423,880 12,444,591 513,594,356 481,761,504 31,832,852 514,490,857 479,256,416 35,234,441 12,793,627 11,462,534 615,982,981 476,567,662 39,425,319 515,221,642 476,208,542 39,013,100 12,002,930 512,792,127 480,058,023 32,734,104 10,351,174 8,082,371 506,545,711 486,407,478 20,138,233 6,909,608 503,331,475 488,966,438 14,865,037 188 No. REPORT ON T H E FINANOES. 2 4 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES IN THE TREASURY AT THE END OF EACH MONTH FROM JANUARY, 1890. Month. 1890—January . . February . March April May June July August September October... November December. 1891—January . . February . March April May June July August September October... November December. 1892—January . . February . March April May June . July August September October... November December. 1893—January... Februa'ry . March April May June July August September October . . . November December. 1894—January... February . March April May June July -. August September October... November December. 1895—January... February . March April ?. May June July August.... September October... November December. 1896—January... Februa'ry . March April May June July . . . . . . United States notes. 79, 79, 81 75, 99, 106, 107; 111 116; loo; 106, 114; 109, 121 121 109; Treasury notes. $2,233,100 962,500 2,481,649 2,039,144 2,193,717 3,702,294 4,279,421, 3,171,227 4,710,946 7,665,067 9,765,252 11.309.957 13,937,686 .7,045,902 2,251,786 1,976,366 2,031,045 5,614,681 9,617,659 11,996,788 11,726,920 10,328,314 3,660,414 3,809,869 5,268,561 5,482,485 2,048,810 I,919,154 2,705,967 4,019,143 5,420,240 6,533, 367 10,290,676 10.684.691 6,628,638 4,512,210 4,461,749 2,494,841 I,916,606 2,683,.223 1,194,884 2,315,506 11,962,418 II,683,462 11.786.958 12,605,052 17,722,408 22,628,599 27,598,929 80,118,893 28,425,172 26,404,164 28,369,950 83,671,316 36,455,457 28,872,489 27,748, 971 30,089,473 80.109.692 81,485,899 35,058,618 36, 630,854 26,565,611 24,822,958 22,044,611 27,103,095 80,644,780 32,362,814 82,148,255 33,304,774 34,466,919 34,394,748 Nationalbank notes. $6, 172, 4 839, 3 987, 3, 942, 4, 289, 4, 851, 4, 766, 5, 063, 4 620, 3, 662, 3, 416, 3, 849, 6, 820, 4, 970, 3, 415, 4, 055, 5, 189, b, 655, 5, 924, 6, 822, 5, 695, ^ f 738, 4, 841, 4, 651, 6 028, 4, 792, 3, 884, 4, 409, 5, 071, 5 376, 6 981, 6 628, 7 701, 7 208, 5 828, 6 043, 7 768, 5 578, 8 827, 5 085, 6 248, 3 982, 8 620, 3 157, 7 815, 11 666, 12 808, 12 857, 14 526, 12 640, 10 758, 8 750, 7 520, 6 598, 4 895, 5 567, 5 017, 4 970, 4 169, 4 759. 6 833, 5 164, 4 449, 4 959, 4 899, 4 643, 6 642, 7 600, 6 018, 6 523, 6 391, 7 068, 10 409, 8 680, 7 110, 7 587, 1,0 002, 10 668, 11 933, Total. $25, 24, 18, 19, •24, 27, 28, 26, 18, • 18, 16; 15, 28, 27 19, 23, 32, 88, 44, 49, 32, 22; 20, 19, 28, 38, 43, 43, 44. 41' 37 23; 20, 24, 38, 43, 4o; 42; • 48, 86; 30; 22; 24, 38; 50; 57; 64, ^ 77; • 78; 82, 96; 102; 109; 116; 114, 99 100; 115; 129; 126 123 iii; 114 116 112; 141 148; 140, 142 144; 138, 145, 158 149, 164, 166, 155; United States notes held against certificates. $11,680,,000 ( 10,280,,000 ( 7,660,,000 ( 8,795,( ,000 9,855,,000 ( 11,880,,000 ( 11,820,,000 ( ,000 8,820,( ,000 6,990,( 6,910,,000 ( 6,270,,000 ( ,000 6,810,( ,000 11,360,1 12,270,,000 ( 11,145,,000 ( 14,000,,000 ( 17,750,,000 ( 21,365,,000 ( 27,265,,000 ( 28,455,,000 ( 17,845,,000 ( 10,765,,000 ( 9,765,,000 ( 9,265;•,000 ( 16,760,,000 ( 29,350, ),000 ( 29,840,,000 ( 30,210,,000 ( 33,730,,000 ( 29,830, ( ),000 26,720,,000 ( 22,210,,000 ( 17,290,.( ,000 10,550,,000 ( 8,230,( ,000 . 7,100, ,000 ( 14,450,,000 ( ),000 19,250, ( 16,670,< ),000 15,840,,000 ( ),000 16,955,1 ),000 11,985,1 7,855,1 ),000 5,605,1 ),000 ),000 8,200,1 ),000 22,325, ( ),000 33,205,1 ),000 39,045, ( ),000 44,935, ( ),000 47,805, ( 52,720, ),000 < ),000 57,270,< ),000 59,250,1 >,000 58,935, ( ),000 61,695, ( 58,065,1 ),000 55,755,1 ),000 54,045, ( ),000 57,135,i ),000 .47,006, ),000 ( ),000 37, 625,< 36, 925, ),000 ( 36,825, ( ),000 37,295,1 ),000 48,245, ),000 ( 55,405,1 ),000 56,920, ),000 ( 76,555,1 ),000 63,840, ),000 ( ' 56,740,< ),000 45,935, ),000 ( 31,605, ),000 ( 28,925, ),000 ( 32,825,.! ),.000 34,460, ( ),000 82,930, < ),000 88,430, ),000 ( ),000 31,840,1 41,540, ),000 ( Net. $18,778, 18,983, 10,856, 11,151, 14,182, 16,156, 16,929, 17,870, 11,358, 11,497, 10,291, 8,738, 17,017, 16,656, 8,092, 9,263, 14,366, 17,022, 16,758, 21,289, 14,845, 11,352, 10,369, 10,330, 11,367, 9,509, 8,817, 7,821, 9,892, 14,073, 17,850, 18,814, 19,971, 13,302, 12,425, 17,396, 24,824, 24,254, 23,578, 26,409, 26,631, 24,381, 22,563, 17,057, 16,562, 15,947, 17,699, 18,646, 19,209, 29,868, 25,711, 25,504, 86,966, 48,294, 47,845, 58,007, 58,774, 45,556, 43,208, 68,044, 91,961, 89,377, 86,242, 74,695, 66,486, 60,919, 55,540, 65,248, 85,126, 84,043, 96,548, 118,327, 109,622, 112,672, 119,395, 116,137, 180,995, 134,524, 114,058, 189 TREASUEER. N o . 2 4 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES IN THE TREASURY AT THE END OF EACH MONTH FROM JANUARY, 1890—-Continued. Month. United States] notes. 1896—August $114 716, September... 97 11^3, October 89 780, November . . . 71 975, December 86 313, 1897—January 78 194, February 85 946, March 98 167, April 98 942, May ;.. 97 832, June 98 097, July 94 291, August 92 248, September... 94 886, October... 87 684, November . . . 84 498, December — 84 200, 1898—January.:..'. .72 958, February 82 516, March 79 875, April 58 632; May 66 478, June 60 108, July., 68 596, August 74 285, September... 55 020, October 40 379, November . . . 34 944, December 34 266, 1899—January 37 087, February 38 375, March 36 161, April 34 623, May 35 585, June 36 138, July 85 851, August 36 550, September... 31 726, October 29 416, November . . . 28 869, December 28 411, 1900—January . . . . . 29 180, February 28 339, March 23 878, April 19 848, May .-.. 23 928, June 80 066, July 28 779, August 28 724, September . . . 22 174, October...... 13 385, November . . . .13 Oil, December 12 098, 1901—January 13 626, February 11 969, March 9 791, April 9 070, May 12 197, June 14 218, July 13 860, August..: 12 705, September . . . 8 651, October 7 899, November . . . 7 339, December 6 514, 1902—January 10 999, February 11 278, March 9 987, April 8 672, May .8 536, June 12 389, July 9 252, August 6 539, September... 3 750, October 3 041, Treasury notes. $35,478, 36,040; 39,269; 41,529; 35,645, 35,664 82,003 26,886; 24,442, 29,140, 30,962 32,360, 29,526 21,518 7,553 8,116, 2,904, 4,783, 6,204, 8,905, 8,102, 1,754 2,541 4,477 4,339; 1,844 1,268; 1,411 1,580, 1,' 1,306, 878, 959; 928; 912; 921; 865; 1,210, 934, 1,584; 1,385; 1,864; 1,252; 724; 887; 8O3; 779; . 682, 497; 113; 84; 86, 166; 186; 99; • • 152, 84; - 106, 242; 113; 132; 8I; 49; 97; 156; 89, 177 81 89, 164, 197 127 78; 94 47, Nationalb a n k notes. $13 815, 12 8;-J4, 12 981, 18 068, 14 278, 17 328, 15 005, 11 374, 8 676, 7 109, 5 030, 5 688, 4 617, 3 814, 4 998, 4 678, 5 186, 6 162, 3 417, 2 739, 2 728, 8 086, 4 770, 4 723, 4 416, 3 689, 4 659, 4 675, 5 480, 6 748, 3 709, 2 878, 8 919, 4 029, 3 518, 8 575, 3 682, 3 640, 3 999, 4 006, 4 275, 6 182, 8 776, 3 876, 5 309, 6 512, 9 478, 8 998, 9 676, 9 079, 6 818, 5 348, 7 952, 13 461, 10 062, 8 945, 7 038, 8 240, 8 615, 9 251, 9 645, 9 512, 8 2,37, 8 357, 10 438, 13 006, 10 864, 9 141, 8 982, 9 117, 11 195, 12 987, 14 725, 14 610, 13 468, Total. $164 010, 146 008, 141 982, 126 568, 136 237, 181 188, 182 956, 136 428, 132 061, 134 082,134 090, 132 330, 126 293, 120 218, IOO 285, 92 292, 92 291, 88 855, 92 139, 86 020, 64 463, 61 819, 67 420, 77 797, 83 040, . 60 555, 46 302, 41 032, 41 325, 44 774, 48 891, 89 913, 39 502, 40 588, 40 664, 39 847, 41 048, 86 576, 84 350, 84 459, 34 078, 87 218, 83 369, 28 480, 25 996, 31 248, 40 826, 38 459, 38 898, 81 368, 19 788, 18 441, 20 213, 27 274, 22 131, 18 890, 16 194, 20 545, 23 071, 23 224, 22 483, 18 244, 16 186, 15 794, 16 104, 24 095, 22 320, 19 210, 17 645, 17 817, 23 782, 22 316, 20 342, 18 455, 16 558, United States] notes held against certificates. Net. $88,395,000 $125 615,408 34,305,000 111 708,448 32,^465,000 109 517,074 38,470,000 88 098,383 50,330,000 84 907,287 65,860,000 65 838,067 76,525,000 66 431,043 74,460,000 61 968,804 69,905,000 62 156,583 65,785,000 68 297,885 61,130,000 72 960,440 62,335,000 69 995,248 63,275,000 63 018,517 52,826,000 67 393,524 48,286,000 51 950,355 48,640,000 48 652,905 48,815,000 48 976,319 49,075,000 84 780,143 48,480,000 48 709,522 87,900,000 48 120,768 26,915,000 37 548,969 26,540,000 34 779,188 26,045,000 41 875 861 21,975,000 1 55 ,822,979 20,280,000 62 760, 785 17,685,000 42 920, 113 20,055,000 26 247, 068 20,190,000 20 842, 612 20,465,000 20 860, 958 22,170,000 22 604, 592 23,105,000 20 286 798 , 22,335,000 17 578 940 21,265,000 18 287, 361 21,340,000 19 198, 281 20,855,000 19 709, 432 - 19,955,000 19 892, 869 19,170,000 21 878, 661 15,870,000 20 706, 963 13,735,000 20 615, 167 18,605,000 20 854, 922 11,980,000 22 093, 160 14,580,000 22 638, 226 15,270,000 18 099, 070 14,335,000 14 145, 027 7,260,000 18 735, 536 4,785,000 ,26 458, 497 3,705,000 36 620, 297 2,680,000 35 779, 861 2,560,000 36 31^8,195 1,820,000 29 548, 812 1,780, 000 18 008, 885 1,690,000 16 751, 467 1,530,000 18 688, Oil 995,000 26 279, 261 22 181, 211 18 890, 282 16 194, 776 20 545, 091 28 071, 424 23 224, 693 22 483, 815 18 244, 703 16 186, 495 15 794, 986 16 104, 842 24 095, 800 22 320, 517 19 210, 285 17 645, 047 17 817, 766 23 782, 092 22 316, 981 20 342, 804 18 455, 479 16 558, 508 190 No. REPORT ON T H E F I N A N C E S . 2 5 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY CERTIFICATES IN TREASURY AT END OF EACH MONTH, FROM JANUARY, 1890. Month. 1890—January February . . March April May June July August September . October — November . December.. 1891—January February... March April ... May June July August September . October November.. December.. , 1892—January February . . March April " May June July.: August September . October November . December.. 1893—January February... March April May June July August September . October November.. December.. 1894—January February... March • April May June July August September . October November.. December.. 1895—January February... March April May June July August September . October November.. December.. 1896—January February . . March '. ' April May June July August September. Gold certificates. Silver certificates. Currency certificates. Total. $20,452,870 $8,254,118 $90,000- $28,796,988 28,222,835 4,063,377 250,000 82,536,212 24,614,210 • 3,407,891 990,000' 29,012,101 24,142,200 4,438,605 140,000 28,720,805 27,473,120 4,986,028 340,000 32,749,143 26,162,960 4,329,708 450,000 80,942,668 27,577,120 3,442,258 40, 000 81,059,378 38,005,730 1 4,951,861 410,000 88,367,591 16,058,780 1 1,852,364 180,000 18,091,144 36,482, 690 2,448,197 20,000 88,945,887 48,755,570 1,976,526 320,000 46,052,095 81,384,690 I,566,315 10,000 82,961,005 19,892,050 3,218,788 140,000 23,250,838 25,155,770 3,346,215 260,000 28,761,985 24,050,460 3,757,247 530,000 28,387,707 27,309,200 3,309,417 270,000 30,888,617 86,777,810 ^ 5,009,775 310,000 42,097,585 81,606,030 7,351,037 1,425,000 40,382,067 84,004,820 8,198,345 180,000 42,383,165 37,721,280 6,624,888 780,000 46,076,168 28,332,490 2,920,072 1,990,000 33,242,562 20,790,420 2,525,759 330,000 23,646,179 19,202,170 8,401,308 370,000 22,978,478 17,472,720 3,954,750 200,000 21,627,470 17,486,810 6,216,336 90,000 28,798,146 18,150,140 3,280,157 90,000 21,520,297 23,678,770 3,589,703 1,880,000 28,643,473 21,931,180 3,209,106 340,000 25,480,286 14,470,620 8,618,887 290,000 18,374,357 15,363,590 4,733,501 490,000 20,587,091 17,738,600 4,472,481 • 980,000 23,190,981 28,847,210 2,779,159 560,000 27,186,369 25,345,590 2,619,477, 970,000 • 28,935,067 23,181,990 2,297,772 560,000 26,089,762 19,632,830 2,786,471 270,000 22,689,801 24,254, 750 3,748,493 490,000 28,498,248 15,729,770 4,953,844 580,000 21,263,614 7,782,260 . 6,750,372 15,042,632 510,000 5,185,430 5,267,561 420,000 10,822,981 8,888,310 6,098,778 140,000 14,127,088 8,324,670 6,650,912 825,000 10,800,582 1,071,170 4,468.339 430,000 5,969,509 98,710 2,848,114 485,000 8,421,824 565,370 2,882,168 60,000 3,507,588 129,220 5,909,370 85,000 6,123,590 115,860 7,727,272 100,000 7,943,132 149, 090 5,716,507 120,000 5,985,597 75,590 5,038,854 40,000 5,164,444 78,350 6,758,196 40,000 6,876,546 106,490 v6,942,257 7,048,747 9,252,550 137,810 8,755,240 360,000 102,770 9,367,524 140,000 9,610,294 41,650 9,702,546 120,000 9,864,195 48,490 10,054,123 300,000 10,397,613 108,470 12,027,766 260,000 12,391,286 34,780 13,492,527 720,000 14,247,257 55,260 9,155,785 550,000 9,761j 045 56,280 6,569,203 , 280,000 6,905,483 761,370 5,312,420 850,000 6,913,790 5,846,720 7,865,680 58,960 1,960,000 337,060 7,829,232 8,620, 000 11,286,292 80, IOO 7,291,089 •430,000 7,801,189 84,660 7, 374,748 740,000 8,199,408 63,640 7,699,233 80,000 7,842,873 102,390 6,692, 333 190,000 6,984,723 88,390 9,162,752 • 350,000 9, 601,142 219,330 10,577,386 120,000 10,916,716 209,820 7,741,243 580,000 8,481,063 103,370 7,862,667 . 8,675,000 11,641,037 168,230 8,953,268 275,000 9,396,498 107,910 8,471,611 2,800,000 11,379,521 163,450 9,625,856 2,845,000 12,634,306 131,140 14,380,165 320, 000 14,831,305 651,470 11,831,561 245,000 12,728,081 683,220 11,293,078 220,000 12,096,298 764, 910 11,578,091 365,000 12,708,001 687, 280 10,629,424 240,000 11,556,704 497,430 11,359,995 150,000 12,007,425 1,393,710 12,375,838 610,000 14,379,543 1,618,550 11,464, 610 830,000 13,913,160 1,591,900 1 10,045,080 ^10,000 12,046,930 191 TREASUEER. No. 2 5 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY . CERTIFICATES IN TREASURY AT E N D OF E A C H MONTH, ETC.—Continued. Month. 1896—October... November December. 1897—January... February . March April May June July August September October... November December. 1898—January... • February . March April May June July August September October... November December. 1899—January... February . March April May June July August September October... November December. 1900—January... February.. March April May June July August September October . . . November. December. 1901—January... February.. March April May June July August.... September October... November December. 1902—January... February . March April May June July August September October . . . Gold certificates. 390,830 416,890 892,850 460,160 501,970 488,850 517,690 455,340 496,250 473,290 509,380 535,610 584,060 548, 740 570,460 567,390 574,360 607,950 603,150 602,940 599,510 593,470 646,140 596,890 601,240 620,400 608,740 630,060 625,890 634,180 641,800 648,640 641,550 657,730 529,480 827,560 844,600 987,917 721,822 330,930 994,442 114,928 872,370 834,880 241,710 896,770 587,810 716,330 892,710 761,030 841,450 750,570 492,250 418,890 182,190 666,460 241,950 538,290 976,040 408,920 136,430 426,740 788,020 217,250 502,890 093,110 345,600 129,220 218,080 ,221,070 , 746,150 929,035 ,322,376 Silver certificates. Currency certificates. $8,686,882 11,591,383 14,227,704 11,678,971 9,876,003 12,535,351 13,777,565 11,576,696 17,143,136 14,465,854 11,249; 167 10,532,205 11,331,585 11,664,537 11,229,912 14,959,564 11,621,077 6,859,606 3,688,980 6,507,239 7,897,424 9,803,068 8.117.181 6,686,769 7,575,929 6,345,358 7,098,509 7,293,820 5,888,799 8,753,498 3,647,255 8,958,862 4,216,161 8,939,109 3,646,159 5,043,623 .5,657,265 6,350,704 6,423,688 8,844,459 7,272,017 6,679,641 6,801,190 6,997,851 7,515,658 8,595,706 8,836,273 4,887,265 3,743,255 3,760,.593 5,026,597 8,857,678 5,518,310 4,634,680 4,947,478 6.807.182 5,373,262 5,906,231 5,731,158 6,642,038 7,837,663 6,229,808 6,594,108 10,077,520 6,673?704 6,672,408 6,820,496 7,657,584 7,439,338 8,771,458 6,427,977 6,180, 522 4,271,562 $2,595,000 40,000 500,000 165,000 270,000 610,000 2,035,000 780,000 620,000 1,160,000 375,000 1,325,000 34.0,000 250,000 1,240,000 70,000 2,230,000 8,330,000 820,000 60,000 560,000 1,100,000 280,000 820,000 50,000 450,000 220,000 400,000 30,000 560,000 60,000 460,000 470,000 100,000 260,000 230,000 30,000 "" 90,000 870,000 20,000 100,000 310,000 210,000 10,000 ""30,'666 "'7i6,"666 f $12,672,212 18,047,778 16,120,054 13,304,181 II,647,978 14,628,705 17,330,252 13, 812,033 19,259,381 17,099,145 13,183,546 13,392,816 13,205,644 13,468,277 14,040,375 16, 596,955 15,425,437 11,797,552 6,062,084 8,170,177 . 10,056,936 12,496,530 10,043,279 9,053,654 9,227,168 8,415,751 8,927,249 9,323,889 7,544,688 5,947,679 5,849,050 6,067,509 6,327,711 5,696,839 17,435,589 42,101,183 30,531,865 30,428,621 30,515,510 32,195,389 86,366,459 44.104.569 33,383,560 32,832,231 34,757 ,"368 29,992,476 33,923,583 35,603,595 36,645,965 26,521,628 85,898,047 26,608,248 24,715,560 83.053.570 35,129,668 39,973,642 48,615,212 41,444,521 42,707,198 32,050,958 88,974,093 89,656,548 45,382,128 28,294,770 31,176,094 42, 765,518 45,166,096 46,786,804 47,652,418 50,992,528 59,173,127 65,109,557 28,593,937 192 No. REPORT ON T H E .FINANCES 2 6 . — A S S E T S OF T H E TREASURY OTHER THAN GOLD, SILVER, NOTES AND C E R T I F I C A T E S AT THE END OP EACH MoNTH, FROM JANUARY, 1890. Month: 1890—January.., February. March April May June July August September, October . . , November, December, 1891—January.. February. March April May June July August September, October November, December , 1892—January.. February. March April May . . . . . . June July August . . . , September October... Noveniber December, 1893—January . . February., March April May , June July August September October November, December, 1894—January.. February. March April , May June... . July August September October... Novem ber, December, 1895—January.. February. March April . May June July August September, October...' November December 1896—January.. February. March April May - June July August Minor coin. Fractional currency. $177,396 212,560 233,254 222,984 206,773 196,782 206,894 219,372 204,547 176,696 150,013 163,887 275,973 845,464 844,848 888,099 814,560 824,396 866,960 868,086 864,597 854,112 822,389 319,483 866,784 482,488 457,689 480,226 474,782 460,993 516,617 564,019 606, 633 482,329 347,196 . 355.503 456,253 623,560 . 545,866 574,557 586,594 603,908 . 691,316 767,036 859,126 888,297 926,622 938,989 1,106,696 1,226,408 1,266,659 1,252,878 1,251,629 1,262,122 1,363,124 1,423,489 1,389,490 1,250,729 1,169,875 1,108,443 1,200,446 1,245,306 1,209,486 1,242,261 1,124,839 1,118,928 1,181,134 1,281,973 1,285,498 1,128,511 1,029,515 1,048,616 1,081,129 1,162,765 I,147,719 1,184,625 1,181,693 1,286,506 1,159,562 1,203,848 Deposits in national banks. $1,887 $87,990,111 121 33,178,804 220 31,992,814 697 31,648,899 871 31,225,998 260 31,693,166 934 80,977,438 1,177 80,379,853 699 80,297,111 191 29,987,688 151 29,741,977 1,429 30,047,118 655 29,289,048 817 30,125,585 1,416 29,894,903 424 29,549,449 29,645,361 678 911 28,368,699 996 26,640,839 22,769,179 1,628 871 21,137,977 54 20,378,104 1,814 20,144,069 178 19,837,682 18,944,387 1,865 592 18,239,292 17,600,750 1,251 1,425 17,378,368 1,481 17,605,429 500 16,851,886 757 16,243,518 15,742,324 1,110 101 16,496,513 69 . 16,862,415 134 15,669,690 117 15,692,654 2,228 15,405,998 2,394 15,112,204 457 15,163,808 16,865,529 733 16,644,682 881 16,093,221 429 980 15,776,662 16,848,801. 1,283 1,552 16,280,076 1,679 16,458,341 2,188 16,799,334 146 16,201,045 667 15,390,396 886 14,926,460 16,064,697 117 184 15,201,386 15,484,095 203 16,121,689 6627 15,918,726 67 16,724,648 34 14,869,909 14,915,705 49 49 • 16,898,598 753 15,081,275 39 14,829,738 41 15,222,888 44 14,991,633 1,844 16,443,885 1,771 15,308,377 607 16,768,941 982 14,501,071 1,150 14,610,005 1,883 14,773,482 725 14,256,695 14,408,309 1,268 113 14,271,280 14,803,804 „ 642 979 24,394,557 1.248 27,010,994 1,712 26,698,691 162 20,952,972 187 16,857,356 1,110 15,986,914 .21 16,619,916 Bonds and interest paid. Total. $341,109 642,72587,091 903,922 34,428 25,816 1,612,824 4,536,608 4,270,478 8,196,124 45,566 27,319 246,783 49,014 .30,826 86,219 46,244 16,418 / 228,314 64,809 95,289 142,492 88,640 96,666 716,456 262,533 827,192 3,616,043 266,584 23;210 138,268 69,833 278,691 91,728 118,098 18,646 111,337 43,346 244,620 164,286 22,881 6,233,037 675,046 78,856 72,524 8,078,553 492,849 14,105 . 190,596 168,075 207,611 386,271 203,395 11,488 189,280 182,758 116,164 239,765 160,952 12,248 126,492 66,788 23,058 109,588 54,284 14,649 237,637 74,412 36,798 132,255 86,169 32,079 273,750 66,829 40,388 107,005 143,139 21,988 115,599 168,493 $38,509, 34,038, 32,812, 32,776, 31,468, 81,916, 32,798, 85,137, 34,772, 33,^809, 29,937, 30,239, 29,812, 30,620, 30,271, 29,974, 29,906, 28,700, 27,187, 23,193, 21,598, 20,874, 20,506, 20,254, 20,027, 18,934, 18,786, 21,476, 18,347, 17,386, 16,894, 16,857, 16,275, 16,486, 16,035, 16,061, 15,975, 15,-681, 15,964, 16,096, 16,254, 21,930, 17,044, 17,685, 17,213, 20,421, 17,220, 16,154, 16,688, 16,320, 16,538, 16,840, 16,939, 17,395, 17,466, 17,330, 16,365, 16,406, 16,729, 16,197, 16,156, 16,584, 16,224, 16,797, 16,483, 16,908, 15,920, 15,817, 16,047, 15,613, 15,625, 15,852, 16,169, 25,624, 28,200, 27,991, 22,277, 18,114, 17,268, 17,992, 193 TEEASUREE. No. 2 6 . — A S S E T S OF THE TREASURY OTHER THAN GOLD, SILVER, NOTES AND CERTIFICATES AT THE END OF EACH MONTH, FROM JANUARY, 1890—Continued. Month. M i n o r coin. 1896—September October November December , 1897—January February March April May Jiine July August September October November December 1898—January February March April • May June July August , September October NovembcTr December 1899—January February March April , May June .Tuly August September October November December 1900—January February March April May " June July..., A u g u s t .• September October November „ December 1901—January , February March April May June July August September October November December 1902—January February March April May June July August September...:.. October $1,219,592 1,214,914 1,130,896 1,105,465 1,187,617 1,265,772 1,225,952 1,272,4.82 1,319,039 1,339,958 1,405,745 1,315,110 1,228,852 "1,219,016 1,090,184 1,086,589 1,165,758 1,255,021 1,298,000 1,353,643 1,400,640 1,300,224 1,303,796 1,205,793 998,719 885,925 589,514 337,755 597,032 563, 632 445,061 877,926 314, 829 244,104 237,162 196,738 154,754 188,889 435,788 317,321 484,209 483,425 499,696 481,587 486, 640 440,069 461,732 498,805 464, 762 432,828 296,324 448,644 600,509 582,955 692,547 002, 391 646, 959 514,341 562,884 61.3,149 502,456 475,770 344,090 382,691 770,68^ 769,603 962,315 871,876 257 1, 919;404 810,005 1,010,576 701,446 738,378 FI 1902- -13 Fractional currency. Deposits in national banks. $36 $16,583,237 844 16,119,097 980 15,832, 895 1,224 16,159,153 1,800 16,573,729 82 16,456,041 1,078 16,623,397 1,295 16,710,465 1,579 16,752,102 694 17,631,291 848 17,215,101 148 16;661,579 1,270 17,438,713 1,508 17,159,616 169 37,744,217 :.65 49,182,717 930 40,091,626 1,024 31,782,507 31 31,320,043 809 29,049,465 1,054 28,239,359 37 38,795,631 1,143 58,266,018 23 65,968,467 751 80,888,712 952 95,014,970 1,114 94,641,001 1,517 94,860,916 35 88,985,327 47 85,144,619 31 88,540, "89 976 85,170,595 57 81,760,279 67 79,171,929 69 77,716,442 58 • 80,951,454 73 83,183,764 69 82,050,989 776 82,209,600 68 87,303,173 72 107,936,649 74 111,798,646 98 110,642,115 146 110,851,902 96 111,822,418 194 •101,879,520 125 96,584,698 50 96,064,261 141 96,997,212 61 96,478,145 62 95,429,055 133 96,699,694 131 97,359,036 160 97,827,963 143 ' 97,64.9,637 132 98,322,828 95 101,760,225 1,252 101,41.6,974 148 101,961,336 114 103,035,834 178 108,514,459 141 110,840,438 646 112,896,879 132 112,653,584 116 112,578,621 71 113,433,947 155 118,041,310 161 120,396,714 96 124,882,004 147 123,983,068 144 126,152,991 161 125,382,170 141 133,932,197 195 146,885,013 Bonds a n d interest paid $368,380 304,507 173,102 20,803 175,095 146,962 40,812 111, 577 56,836 197,010 132,129 188„815 45,047 109,616 " 72,681 29,288 79,886 45,451 26,200 108,479 166,645 37,926 186,130 •107,919 638,543 714,466 202,472 85,668 88,827 82,823 31,301 132,568 75,016 31,189 86,445 240,618 593,522 1,767,325 8,211,602 564,048 54,193 180,627 70,037 84,274 87,439 16,945 40,790 47,817 24,506 37,817 43,689 449,810 28,866. 70,712 11,609 • 38,638 51,121 291,054 190,923 128,279 398,526 20,457 65,750 678,188 85,737 80,402 18,325 47,977 44,865 16,565 216,283 40, 082 178,192 289,120 Total, $18,171,245 17,639,362 17,137,878 17,286,645 17,938,241 17,868,857 17,891,239 18,095,819 18,129,556 19,168,953 18,758,823 18,115,652 18,718,882 18,489,756 38,907,251 50,298,759 41,338,200 33,084,003 82,644,274 30,507,896 29,807,698 40,133,818 59,757,087 67,282,202 82,526,725 96,566,313 95,434,101 95,235,856 89,665,721 85,791,121 89,017,132 85,682,065 82,149,681 79,447,289 78,040,11.8 81,388,868 83,932,113 83,957,222 90,857,766 88,184,605 108,475,123 112,457,672 111,211,946 111,367,909 111,846,593 102,336,728 97,087,845 96,610,983 97,486,621 96,948,846 95,769,130 97,598,281 97,988,542 98,481,790 ' 98,353,936 98,963,989 102,458,400 102,223,621 102,715,291 103,777,376 109,415,619 111,336,806 113,307,365 118,714,545 113,385,156 114,234,023 119,017,105 121,316,728 126,013,222 124,919,184 127,179,423 126,482,989 134,811,976 147,912,706 194 No. REPORT ON T H E FINANCES. 2 7 . — A S S E T S OF THE TREASURY AT TSLE END OF EACH MONTH, FROM JANUARY, 1890. Month. 1890—January... February . March April May Juiie..July . August September October... November December. 1891—January . . February . March April May June July August September October... November December. 1892—January . . February . March April...... May June July August September October... November December. 1898—January... February . March April...... May June July August September October... November December. 1894—January . . February . March April May June July August Septeraber October... November" December. 1895—January... February . March April May June July August September October... November December. 1896—January . . February . March .... April May June July August September Gold. $316, 818, 320, 320, 321 321; 316; 810, 306 294 293 293 297, 296, 292, 280, 255, 288, 286; 240; 244; 268; 271, 278, 282; 282; 280; 273, 271; 255, 043,454 593,752 226,794 878,411 333,253 612,424 536,823 220,120 086,471 489,603 755,880 020,214 567,546 831,953 435.219 633,040 831,503 518,122 828,413 744,4.88 974,791 774,741 848,193 846,750 753,864 123,392 144,269 623,456 527,092 577,706 247; 306.220 242, 543,695 240, 605,908 244, 261,469 247 598,466 238 359,802 228; 827,532 217, 672,948 218, 378,238 202, 283,359 196 518,610 188, 455.433 186; 818,962 176; 423,172 173; 209,771 163, 274,172 161 122,128 158; 303,779 142, 665,594 177, 462,797 176; 456.045 170; 192.458 148; 067,816 131; 217.434 120; 922,836 120; 885,869 123; 665,756 125; 613; 896 164, 350,468 189, 606,354 97; 853,776 188, 593,280 139, 486,496 189, 998,154 147 690,978 155, 893,932 155, 354,066 149 410,926 143; 557,513 143; 860,889 129; 567,945 113; 198, 707 99; 693,357 167; 695,999 17i; 885,710 168; 446.459 i5i; 307,143 144; 020,364 i5o; 012,225 139; 825,200 162, 771,311 Silver. Notes. Certificates. 1,984 $23,796, $327,293,628 $25,408, 1,179 32,586, 331,491,103 24,163, 1,853 29,012; 18,516, 335,560,614 s947 19,946, 28,720; 838,851,390 24,037,,094 341,845,904 32,749; 27,985, ^957 346,714,586 30,942, 28,749,,771 348,737,694 31,059, 350,762,543 26,690, 1,038 88,867; 1,301 350,544,535 ' .1.8,348, 1.8,091 ,550 88,945, 351,825,627 . 18,407, 46,052, 855,046,114 16,561,,808 1,935 32,961' 359,721,626 15,548, 28,377,,953 23,250; 367,998,246 1,224 374,064,649 27,926, 28,761 ',282 381,040,794 19,287, 28,337; 386,757,349 23,263,,104 30,888, 1,827 32,116, 892,240,441 42,097; 399,361,974 38,387,,170 40,382; 1,856 404,422,655 44,028, 42, 383; 407,844,023 49,744, 45,076; :,5]7 82,690,,797 409,161,326 88,242 22,117, 410,116,968 23,646, ',608 20,184, 412,898,341 22,973 .,827 416,976,342 19,595, 21,627 •,862 28,127,, 273 424,088,598 23, 793 38,859, 429,109,509 21,520; 1,414 434,531,000 38, 657, 28,643, , 338 439,018,987 38.081,,561 25,4.80, 443,429, 508 48,622, 18,874, !,412 4.48,083,116 43,903, .,483 -20,587 452,017,530 44,570, 23,1.90; 1,385 41,024,,458 454,403,173 27,186, 454, 725,784 37,261,,995 28,935, 455,612,118 23,852,;, 601 26,039, 458,496,139 20,655,,779 22,689, 462,369,518 24,496, 28,493, s502 468,040,081 38, 774, 21,263, ,191 472,420,542 43, 504, 15,042, ,642 477,364,392 40,248, 10,822, 1,180 42,249,1,873 481,788,691 14,127 486,962,566 43,586, 10,800, .,839 492,332,471 36,816, 5,969, 1,599 494,942,945 30,418,i,972 3,421 492,579,409 22,662, 3,507 ;, 292 24,762,,432 498,239,085 6,123; 499,535,480 38,272,:,360 7,943; 50,904,,114 499,587,603 5,985 500,310,529 57,691,,714 5,154 64,144,,583 506,745,075 6,876; 508,570,076 77,673,,885 7,048, 510,101,209 78,431,, 931 9,252, 82,774,,725 511,408,465 9, 610', 512,194,954 96,216, 9,864 i,977 513,298,709 102,229, 10,397 1,946 518,880,682 109. 540, 12,391 ), 855 •513,167,330 116,072,;, 004 34,247 509,814, 353 114,529, 9, 761 1,176 506,018,714 99,601,, 671 6, 9r>5, 504,802,458 100, 343, 6,918, i, 974 504, 035,456 115,049,',080 7,865, 507,087,384 129,586,, 164 11,286 508,859, 908 126,802,,508 7,801 510,259,880 128,067, 8,1.99; ', 639 510,813,574 111,990, 7,842; 1,707 511,582,651• 114,731,,683 6, 984; 512,388,751 116, 324, 9,60i; , 741 512,746,1.50 112,460, 10,916; 1,076 511,447,345 141,803, 8,48i; 1,472 507,677,525 148,966, 11,641' 1,229 508,088,139 140,783, 9,396; 1,949 502,164,742 142,483, 11,379; 1,223 501,460,555 144,932,,791 12,634, 505,421,819 138,447, 14,831 ',921 507,265,460 145,497, 12,728; ',711 508,930,744 153,855, 12,096, 1,846 510,586,117 149,067,,048 12,708, 512,199,837 164,425, 11,556, s420 513,398,714 166,364,,197 12,007 514,610,147 155,598.i.648 14,379, 513,647,701 164,010,;408 .13,913, 510,644,845 146, OOS, 12,046; 1,443 Other. Total. $731, 058,007 740; 817,956 735; 628,241 741; 174,055 751 438,464 759; 171,659 757 881,756 761 177.802 727 •848,186 736; 978,266 . 741'858.594 731 491,538 747, 006,987 758, 105, 631 751 322,995 751 516,301 751 093,199 745, 349,752 754' 794,698 766, 602,348 741 668,210 740, 530,258 748; 350,751 757; 800,433 778, 790,878 790, 547,517 800, 762,812 797, 625,347 795, 300.595 785; 487,985 783; 979,271 78i; 514,981 777; 804,592 766; 202,481 765; 474.803 769; 780,985' 772; 881,229 764, 822,268 762, 768,427 756; 544,116 754; 122, 985 745, 004,602 732 641,706 712, 857,887 719, 548,156 729, 447,014 784, 820,436 787 614,701 737; 120,152 787 075,834 790; 780,719 790, 826,661 783; 283,264 774, 538,966 774; 201,765 781' 708,357 774 135, 927 754 546,012 793; 140,164 782, 754,289 761 470,331 798 090,903 797; 237,588 787' 442,336 797 473,756 8II; 061,686 807 397,832: 826; 960,346 827; 889,4IO1 812, 187,611 801 120,692: 787 578,447 774 558,728 858 811,831 874, 968,947 868, 799,558: 861 766,970' 853 905,686 85i; 863,748 849, 388,746 642,774 195 TREASUREE. No. 2 7 . — A S S E T S OF THE TRE.ASURY AT THE END OF EACH MONTH, FROM J A N AU ARY, 1890—Continued. Month. 1896—October . . . November December. 1897—.January .. February . March April May Juiie July August September October'... November December. 1898—January .. February . March April May.....".. June July August September . October. . November December. 1899—January .. February . March April May June July August September October... . November December. 1900—January... February . March April.: May June July....... August September October . . . November December. 1901—January... February . March April May .lune ..-•... July August September October... November December. 1902—January... February . March April May June •July August September October... Gold. Silver. Notes. $155,828,833 $509,058,742 $141,982,074 169,527,102 509,680,450 126,568,388 175,203,983 509.615.585 185,237,287 182,387,122 513,736,349 131,188,067 186, 206,028 515,659,266 182,956,043 189,242,803 517,048,212 136,428,804 190,762,889 518,496,110 182,061,583 181,707,891 519,764,958 184,082,885 .178,076,657 520,793,923 134,090,440 178,044,578 521,734,140 132,830,248 181,234,165 519,868,486 126,293, 517 184,561,664 518,481,747 120,218,524 190,387,257 509,351,944 100,235, 355 92,292,905 194,089,260 507,656,388 197,469,236 507,291,684 92,291,319 200,731,552 510,676,160 88,855,143 92,139,522 204,063,971 511,858,835 86,020,768 210,908,334 512.432.586 64,463,969 217,190,136 512,894,288 207,701,264 614,072,040 61,819,188 67,420,861 202,825,049 515,029,907 77,797,979 225,188,898 514,879,966 258,877,494 518,400,895 83,040,785 278,691,452 509,308,574 60,555,113 275,224,072 505,929,775 46,802, 068 276,944,092 504,290,719 41,032,512 281.729.434 503,212,854 41,825,958 261,692,280 506,512,553 44,774,592 264,091,477 507,531,887 • 48,391,798 278,306,855 506,876,982 39,913,940 278,985,254 507,646,792 39,502,851 261,201,428 508,110,172 40.538.281 273,393,480 508,228,226 40,564,432 277,848,828 507,579,673 89,847,859 317,446, 961 505,059,814 41,048,651 853,002,380 499,628,449 36,576,968 379,817,315 496,499,279 34,350,167 390,653,107 496,728,878 34,459,922 898,032,027 497,200,739 34,078,160 403,496,506 502,043,817 37,218,226 413,491,673 501,772,166 33,369,070 422,000,915 502,582,324 28,480,027 426,989,371 504,271,752 25,995,535 422,906,844 505,432, 661 31,243,497 421,112,654 506,964,447 40,825,297 431,170,785 508,303,727 38,459,851 428,652,838 506,756,909 38,898,196 439,241,511 501,747,657 81,368,312 458,266,143 499,422,038 19,788,885 474,482,084 499,237,673 18,441,457 479,349,251 498,212,961 20,213, o n 479,100,353 503,501,527 27,274,261 488,698,808 505,801,665 22,131,211 497,332,748 507,768,679 18.890.282 500,026,852 509,770,503 16,194,776 495,717,574 511,378,732 20.545.091 494,321,533 513,637,120 28,071,424 505,423,230 513,535,359 23,224,593 517.798.435 5.12,078,635 22,483,815 529,152,528 508,463,678 18,244,703 541,025,153 505,525,564 16,186,495 539,838,286 504,204,255 15,794,936 540,797, 603 503,633,101 16,104,843 546,545,240 508,147,090 24,095,800 544,576,908 510,345,365 22,320, 617 543,346,029 511,969,472 19,210,285 546,219,775 513,594,356 17,645,047 552,697,262 514,490,857 17,817,766 560,200,800 515,982,981 28.782.092 562,769; 024 515,221,642 22,316,981 671,302,638 612,792,127 20,342,804 590,506,825 606,645,711 18,455,-479 606,299,127 503,331,475 16,558,508 Certificates. Other. $12,672,212 13,047, 773 16,120,054 13, 304,131 . 11,647,973 14,628, 701 17,330,255 13,812,086 19,259,386 17,099,144 18.183.547 18,392,815 13,205,645 13,468,277 14,040,872 16,596,954 15,425,437 11,797,556 6,062,080 8,170,179 10,056,984 12,496,538 10,043,271 9,053, 659 9,227,169 8,415, 758 8,927,249 9,323,880 7,.544,689 5,9^7, 678 5,349,055 6,067,502 6,827,711 5,696,889 17,485,589 42,101,183 30,531,865 30,428,621 30,516,510 32,195,389 36,366,459 44,104,569 88,383,560 32,832,231 34,757,363 29,992,476 83,923,583 35,603,595 36,645,965 26,521,628 35,898,047 26,608,248 24,715,560 33,053,570 85,129,668 39,973,642 48,615,212 41,444,521 42,707,198 32,050,958 38.974.093 39.656.548 45,882,128 28,294,770 81.176.094 42,765,518 45,166,096 46,786,804 47,652,418 50,992,528 59,173,127 65,109,557 28,593,937 $17,639,362 • 17,137,873 17,286,645 17,988,241 17,868,857 17,891,239 18,095,819 18,129,556 19,168,953 18,753,828 18,115,652 18,718,882 18,489, 756 38,907,251 50,298, 759 41,838,200 33,084, 003 82,644,274 80,507,396 29,807,698 40,133,818 59,757,087 67,282,202 82,526,725 96,566,818 95,434,101 95,235,856 89,665,721 85,791,121 89,017,182 • 85,682,065 82,149,681 79,447,289 78,040,118 81,888,868 83,932,113 83,957,223 90,857,766 88,184, 606 108,475,124 112,457,672 111, 211,948 111, 367,911 111,846,598 102,336,729 97,087, 346 96,610,934 97,486; 622 96,948,846 95,769,130 97,598,281 97,988,542 98,481,790 98,358,986 98,963,989 102,458,400 102,228,621 102,715,291 103,777,376 109,415,619 111,836,806 113,807,365 113,714,547 118,885,156 114,234,022 119,017,105 121,316,729 126,013,222 124,919,184 127,179,428 126,432,989 184,811,976 147,912,706 .Total. $836,676,223 835,961,581 853,463,554 858,558,910 864,838,167 875,239,759 876,746, 656 867,496,826 871,889,859 867,961,938 858,145,367 850,368,682 831,669,957 846,409,076 861,391,870853,198,009 856,571, 768 853,798,467 831,117,864 821,070, 369 835,466,569 890,069,963 927,144, 647 940,135,523 938,249, 397 926,117,182 930,481,351 911,969,026 908,850,972 919, 562,087 917,165,517 898,067,064 907,961,188 909,012,812 962,379,883 , 015,241,088 ,025,155,849 ,043,128,289 ,048,006,042 ,083,428,562 ,097,457,040 ,108,379,783 ,102,008,129 ,104,261,826 ,105,496,490 ,105,014,185 ,104,841,960 ,105,447,697 ,111,071,877 ,114,451,967 ,131,271,551 , 134,472,931 ., 189,829,029 ,155,399,210 ., 160,085,788 ,, 170,073,439 ,181,868,910 ,186,342,994 ,198,840,459 ., 197,327,476 , 213,048, 111 ,212,801, 340 ,219,631,722 ,220,468,056 ,222,652,906 ,286,308,409 ,243,942,003 ,257,805,911 ,272,536,975 ,, 278,479,598 ,290,048,680 ,815,429,548 ,802,695,753 196 No. REPORT ON T H E F I N A N C E S . 2 8 . — L I A B I L I T I E S OF THE TREASURY AT THE END OF E A C H • JANUARY, 1890. Month. "^ 1890—January-.. February.. March April May .... June July August September October . . . November. December. 1891—January... February.. March April May June July......: August September October . . . November December. 1892—January... February.. March April May June July August..:. September October... November December. 1893—January... February . March April May Jurie July August September October... November December. 1894—January... February . March April May June July August September October... November December. 1896—January... February . March April May June July August — September October... November December. 1896—January... February . March . . . . April May Jurie July August Certificates and Treasury notes. 457 547, 462 215, 465 081, 468 048, 471 862, 474 078, 478 650, 500 676, 606 185, 511 473, 516 198, 523 098, 525 124, 580 525, 588 444, 688 190, 640 190, 547 ,648, 559 078, 549 806, 560 879, 569 221, 577 143, 605 423, 621 248, 628 098, 629 922, 634 081, 620 245, 619 676, 615 455, 606 769, 598 008, 598 369, 599 467, 607 498, 601 828, 597 428, 596 016, 594 531, 584 553, 577 862, 565 614, 570 225, 587 609, 599 229, 604 817, 612 059, 609 909, 614 627, 619 989, 621 128, 615 355, 616 972, 615 350, 612 436, 607 486, 606 270, 590 184, 578 777, 572 755, 567 944, 566 688, 573 866, 579 207, 581 799, 602 8cS4, 600 227, 591 102, 582 987, 568 023, 562 542, 558 551, 662 909, 660 594, 555 646, 547 110, 555 212, 563 656, Agency account. 1^46 802, 58 961, 44 722 48 878 55 048, 42 196 49 788, 66 619 48 146 66 661 65 493, 52 050, 48 924 64 585 56 881, 61 358, 54 615, 61 265 61 362 47 249 46 873 40 478, 40 008, 45 588 41 999 37 186, 39 766, 86 184, 35 212, 88 550, 87 253, 86 907, 39 189, 87 182, .36 776, 41 221, 40 117, 38 865, 39 709, 89 044, 88 026, 87 988, 87 891, 39 959, 42 447, 89 542, 40 391, 42 921, 40 978, 38 603, 42 208, 45 789, 44 300, 41 598, 38 164, 89 204, 41 779, 39 719, 42 861, 89 282, 38 089, 47 137, 41 375, 39 935, 38 786, 36 618, 38 448, 40 686, 42 256, 41 086, 40 726, 41 527, 40 419, 87 653, 40 417, 38 114, 38 926, 39 862, 40 492, 42 885, MONTH, Balance. $228 835, 229 309, 228 689, 227 218, 228 336, 245 612, 284 069, 215 907, 179 120, 176 131, •164 386, 163 242, 174 983, 168 395, 168 915, 161 718, 158 886, 158 893, 156 783 160 274 144 987 189 671 139 126 134 574 131 368, 182 162, 182 898, 181 618 126 005, 126 692, 127 050, 129 152, 131 895, 181 Oil, 130 328, 129 092, 125 265, 124 128, 125 630, 121 482, 121 565, 122 462, 117 887, 107 283, 106 875, 102 294, 95 199, 90 375, 84 082, 138 662, 138 950, 125 097, 117 854, 117 584, 119 065, 127 148, 119 919, 107 340, 144 507, 158 887, 144 608, 178 197, 187 917, 180 817, 185 370, 195 240, 187 149, 184 089, 185 405, 179 947, 177 406, 178 •027, 171 591, 262 707, 271 641, 270 090, 267 198, 267 432, 256 158, 243 346, FROM Total. $731, 740; 735; 741' 751 759; 757; 761 727; 736; 741' 731; 747; 758; 751 751 751 • 745; 754, • • 766; • 741; 740; 748; 757; 778, 790; 8OO; 797' 795; 785; •783, ••781 777 766; 765, 769; 772, 764, 762, 756, ' 754, 745, 732, 712; 719; 729, 734 787 737; 787, 790; 790, 783, 774, 774, 781, 774; 754; 798, 782, 761 798; 797 787 797; 811 807 826; 827 812, 801 787; 774, 858, 874, 868, 861 853; 851, 849, 197 TREASURER. No. 28.—LIABILITIES OP THE TREASURY AT THE END OF ' E A C H JANUARY, 1890—Continued.• • Month. 1896—September October November "... December 1897—January February March April May June July August September October -. November December : 1898—Januarjj-. '.. February .: March : . ' 1' April.. 1 .' May June . . : : July..... August ...... September .i.' October I November December 1899—January February March • April May June July ...: August September October!. — .i November December : 1900—January . February March .« April May. June July August September October, : November December .....* 1901—January ! February March . : . April May..-.' Jurie . . -• .Tuly....'........... August. September . October November December 1902—Januar>i . February March J April...' May June July. August September October : Certifiates and Treasury notes. Agency account. $564,624,323 $43,968,994 564, 840,923 88,762,537 567,528,928 48,080,558 580,809,573 44,833,599 695,975,673 47,215,916 606,977,573 44,523,338 607,702,478 45,491,680 605,107,473 43,548,665 595,535,953 "41,847,060 690,878,953 40,372,779 588,513,953 46,431,522 593,961,958 45,622,207 689,070,963 46,104,891 580,456,953 48,456,904 579,920-938 45,824,588 676;956,938 48,959;669 581,213;983 48,112,289 45,754,630 . 585,262,933 50,228,591 677,402•933 51,000,807 564,.306;933 61,515,621 563,799,-938 66,020,-064 563,788;933 75,727,815 559,497;: 933 74,610, 628 558,046,1933 78,520 ,'438' 554,'057,583 658,631 ,,933 • •79,879,189 "6'53,897,833 79,842,559 553,447,1783 ,82,-2l8,873 552,853,j78384,530,667. 655,528,1513 . 83,718,945 555,008,:618 80,515,811 654,856,;618 99,681, 371 555,517,'613 74,965,856 555,226,608 71,354,067. 554,414,1303 79,754,341 601,•.443,1203 ••81,583,807 647, :965,1903 79,579,570 656,664,1903 79,099,406 678,260,^903 78,650,946 686,979,1403 77,431,186 716,048,'603 74,888,986720,204,'283 78,889,.934 720,500,: 779 81,086,009 727,993,779 77,896,802 789,684,179 78,894,118 728,644/179 76,246,656 724,871,179 80,788,640 733,136,679 86,286,585 784,518,679 82,729,140 740,965,679 83,101,166 744,519,379 80,755,797 754,012,879 87,151,836 763,537,279 77,922, 679 760,561,989 80,351,890 762,426,989 84,628;699 770,842,989 . 82,.748,'^591 770,663,789 •87,071.!l81771,754,: 689 88,2Si;'097 778,991,i689 •84,982,'428. 780,033,'689 88,835,414 •788,032,-089 .89,375,506 803,897,;089 83,495,325 809,917 ,'089 85,873,586• 811,468,089 86,560,354 816,344,089 •79,327,321 816,075,089 81,215,951 822,799,^089 85,653,031:, 830,202,;089 78,999,''981 832,186,089 80,269;693 830,609,089v • 79,740;525 841,965,i089 ^ 82,539,910 845,876,;089 84,-676,091 855,899,^089 88,277,065 860,316;569 85,957,306 MONTH, FROM Balance. Total. $241,154,457 233,572,763 225,357,100 228,320,382 215,362,421 212,837,256 222,045, 606 228,090,518 280,113,813 240,137,627 283,016,458 218,561,207 215,192,788 207,756,100 220,663,560 235,474,768 223,871,787 225,564,205 226,166,943 215,810,624 195,754,815 - 205,657,572 254,844,215 294,487,,086 "307,557,-502 . 300,288,275 . 292,376,790 • 294,764,695 274,584,676 269,103, 514 •284,043,163' 263,127,533 - 267,584,095 • 281,380,468 .274,844,168 • .279,352,873 287,695,615 289,891,540 286,216,439 283,595,453 292,490,978 ^ 298,362,824 306,792,995 - 296,117,548 295,788,529 805,705, 655 299,859,366 285,419,696 288,204,878 • 287,005.082 289,176, 791 290,107,836 293,012,973 298,915,149 .•308,443,522 • 306,494,208 312,388,469 826,833,124 327.868.877 329,971,856 ' 319,919,880 325,655,697 317,010,665 821,603,-279 324,796,646 325,361,866 327,856,-289 334,739,-983 345,350,229 362,187,-361 353,974,-599 859,491,500 371,253,894 856.421.878 $849,642, 774 836,676, 223 835,961 581 . 853,468;554 858,553, 910 864.388, 167 875,239, 759 876,746, 666 867,496, 826 871.389, 359 867,961 988 858,145; 367 850,868, 632 881, 669,957 846,409, 076 861,891 370 858,198; 009 • 856,571 768 853,798; 467 831,117, 864 821,070, 369 835,466, 569 890,069, 963 -927,144 647 940,135; 528 938,249, 397 - 926,117 182 351 • • 930,431; •.911,969 026 ••908,850, 972 919,562, 087 917,165 517 898,067 064 907,961 188 909,012; 812 962,879,•888 1,015,241, 088 1,025,156, 849 1,048,128, 288 1,048,006 042 1,088,428, 562 1,097,467, 041 1,108,379 783 1,102, 008;129 1,104,261, 826 1,105,496, 490 1,105,014, 185 1,104,841, 960 1,105,447, 697 1,111,071 877 1,114,451 967 1,131,271 551 1,134,472; 931 1,139; 829;028 1,155,399; 210 1,160,085; 788 1,170,073, 439 1,181,868, 910 1,186,342 994 1,198,840; 459 1,197,327 475 1,213,048, 111 1,-212,801, 340 1,219,(331 722 1,220; 468,056 1,222,652, 906 1,236,308, 409 1,243,942, 003 1,257, 8O5;911 1,272.536; 975 1,278; 479; 598 r, 290,043,680 1,315,'429,548 1,302,695, 753 198 No. REPORT ON THE F I N A N C E S . 2'^.—ASSETS OF THE TREASURY IN EXCESS OP CERTIFICATES AND TREASURY NOTES AT THE END OF EACH MONTH, FROM JANUARY, 1890. Month. 1890—January ... Februa'ry.. March April May : June.' July August September. October...'. November. December . 1891—January ... February ., March April May June , July , August — September, October November, December , 1892—January ... February.. March April May , June , July. August September October November December V, 1893—January -., February. March April , May June July August September. October November, December . 1894—January .. February.. March April , May , June : July August — September, October November, December , 1895—January ... February., March April May June July August . . . . September. October..., November, December , 1896—January .., February.. March April , May Jurie July August -.. September Gold. Silver. $177, 386, 187, 988, 185, 287, 186, 235, 190, 544, 190 232, 184 092, 185 887, 147 981, 156 815, 162 489, 148 972, 141 728, 149 712, 148, 118, 141 742, 188 207, 117 667, 121 113, 132 471, 182 528, 127 674, 129 193, 130 740, 119 574, 122 122, 125 815, 119 909, 114 281, 114 842, 110 444, 114 156, 119 895, 124 006, 124 409, 121 266. 108 181, 108 284, 106 892, 97 Oil, 95 048, 95 485, 99 202, 96 009, 98 582, 84 884, 82 959, 80 891, 65 650, 106 527, 106 149, 100 202, 78 698, 64 878, 64 975, 65 216, 58 875, 61 361, 105 424, 86 244, 44 705, 87 085, 90 643, 91 247,99 151, 107 512, 107 236, 100 829, 92 911, 92 948. 79 883, 63 262, 49 845, 123 962, 128 646, 125 398, 108 845, 101 699, 110 718, IOO 957, 124 034, $45, 961, 47,314, 44,955, 45,928, 47,189, 49,504, 49,988, 43,682, 33 154, 29 670, 27 210, 27 341, 35 350, 37 091, 34 315, 32 092, 36,021, 41 769, 42 187, 80 569, 22 893, 20 249, 19 065, 18 831 22 397, 18 732, 19 245, 18 495, 18 747, 19 490, 19 114 16 731, 15 391, 14 448, 14 234, 16 588, 16 900, 19 273 18 915, 21 on 21 657 18 653 16 468, 16 491 21 964 21 083 17 711 17 604, 28 512 24 449, 27 753 28 289, 29 555 33 619, 86 941 35 797 27 684 23 734 21 506 22 133 29 868, 32 338 36 188 38 018 41 985, 46 518, 46 900 43 179 33 576 28 534 26 725 27 612 36 483 38 000 35 817 88 682 44 501 52 455 54 610 41 166 31 209 Notes. $13,,778,984 13,938,179 10,,856,853 11 , 161,947 14 , 182,094 16;,165,957 16,i, 929,771 17 ,870,038 11 ,358,301 11 ,497,660 lo;1,291,808 8'1,738,985 17 ,017,953 15;<, 656,224 ;, 092,282 1,268,104 :, 366,827 ,022,170 1,758, 356 ,289,517 :, 845,797 ,852,608 ., 869,827 1,380,862 ,367,273 1,509,414 1,817,388 ,821,561 i, 892,412 :, 073,483 ,850,885 1,814,458 1,971,995 ,302,601 ,, 425,779 ', 896,502 ,324,191 ,254,642 ,578,180 ,409,878 ,631,839 ,381,599 ,568,972 ,057,292 ,562,432 ,947,360 ,699,114 ,646,714 ,209,588 ,868,385 ,711,931 ,504,725 ,966,977 ,294,946 ,845,855 ,007,004 ,774,176 ,656,671 ,208,974 ,044,080 ,961,164 ,377,608 ,242,639 74,,695,707 66 ,486,683 60;,919,741 55;,540,076 65;,248,472 85;,126,229 84,,043,949 96;,548,223 113,1,827,791 109,,522,921 112 ,672,711 119;,395,846 116,,187,048 180,,995,420 134 ,524,197 114;,058,648 126,,615,408 111 ,708,443 Other. Total. $275, 283; 273; 276; 283, 287, 288, 282 227 230, 229, 215, 223 232; 220 213: 213; 205; 207 207; 191 i8o; 179, 180, 173, 169, 172, 167, I6I; 165; 164, 166 17i; 168; 167; i7o; 165, 162, 165, 160, 159, 160, 155, 147, 149; 141 185; 133, 125, 177; 176, 170, 162, 159, 157 166, 161 147; 186, 192, I82; 226, 229, 220; 224, 23i; 225, 224, 227, 221 218; 219, 212, ,300, 312 . 808 306; ^306, 296, 285; 285, 199 TREASURER. No. 2 9 . — A S S E T S OF THE TREASURY IN EXCESS OF CERTIFICATES AND TREASURY NOTES AT THE END OP EACH MONTH, PROM JANUARY, 1890—Continued. Month. 1896—October.... November . December . 1897—January . . . February.. March April May June •- .Tuly August September. October November. December. 1898—January . . . February.. March April May June July : August . . . September. October November. December . 1899—January . . . February.. March April.° May June July August September. October . . . November. December. 1900—January . . . February.. March April May June July August September. October . . . November. December. 1901—January... February.. March April May June July August September. October . . . November. December. 1902—January ... - February.. March April May .Jurie July August.... September. October . . . Gold. $117, 126,524 131, 510,358 137, 316.544 144, 800,498 148, 661,209 151, 786,464 153 840,890 144 319,562 140, 790,788 140; 817,699. 144, 216,376 147; 663,105 158, 573,148 157 868,851 160, 911,547 164; 236,798 167; 623,182 174, 584,135 181 238,137 171 818,055 167 004,410 189, 444,714 217, 904,486 243, 297,543 239, 885,163 241, 663,443 246, 529,175 228, 652,841 231, 124,688 245, 413,706 246, 140,225 228, 415,289 240, 737,211 245, 254,534 248. 757,972 254; 328,821 252, 228,797 239, 744,905 236; 909,280 218, 618,617 282, 225,336 248, 358,064 229, 461,962 218, 857.545 220, 557,184 223, 567,876 218, 263,969 280, 181,162242, 670,174 248, 235,735 246, 561,322 221, 188,644 281, 150,064 249, 046,644 246, 767,053 244, 482,245 248, 605,794 249, 955,831 258, 455,786 251, 635,354. 259, 346,494 257, 539,887 262, 800,534 239, 040,401 288, 821,209 244, 858,050 242, 945,286 246, 554,893 253, 801,291 248, 005,005 264, 657,694 286, 124,771 263, 642,938 Silver. Notes. $28,052,340 $109,517,074 31,691,049 88,098,383 83,143,505 84,907,287 34,001,536 65.838.067 84,399,485 56,431,043 35,890,779 61,968,804 38,045,891 62,156,583 41,213,870 68,297,-885 47,590,275 72,960,440 49,881,210 • 69,995,248 88,832,869 63,018,517 27,527,168 67,393,524 27,199,745 51,950,355 26,564,136 43,652,905 24,247,812 48,976,319 31,628,940 34,780,143 26,902,128 48,709,522 21,046, 357 48,120,768 17,616,429 87,548,969 20,865,495 84,779,188 23,168,547 41,375,861 25,547,250 55,822,979 21,150,242 62,760,785 17,333,559 42,920,113 16,918,920 26.247.068 14,279,293 20,842,512 14,857,579 20,860,958 18.192.589 22,604,-692 15,619,902 20,286,798 12,548,696 17,578,940 12,749,203 18,237,351 12,786,250 19.198.281 12,840,608 19,709,432 11,410,998 19,892,859 8,911,189 21,878,651 8,307,288 20,706,968 11,694,760 20,615,167 18.409.792 20,854,922 13,839,643 22,093,160 17,652,992 22,688,226 14,470,680 18,099,070 14,168,966 „ 14,145,027 14,448,948 18,735,535 17,515,012 26,458,497 22,438,100 36,620,297 24,208,488 35,779,851 20,493,182 36,338,196 13,767.922 29,548,312 12,478,293 18,008,885 14,176,266 16,751,457 14,416,558 18,683,011 25,484,205 26,279,261 27,503,975 22,131,211 26,681,859 18.890.282 27,316,981 16,194,776 81,978,914 20,545,091 86,213,382 23,071,424 36.455.590 23,224,593 34.089.793 22,483,815 29,999,710 18,244,708 22,281,227 16,186,495 16,242,063 1.5, 794,936 15,644,209 1.6,104,843 27,602,611 24,095,800 81,202,069 22,320,616 80,428,881 19,210,285 31,832,852 17,645,047 85,234,441 17,817,766 39,426,819 - 23,782,092 39,018,100 22,316,981 82,784,104 20,342,804 20,138,233 18,455,479 14,365,087 16.558,508 Other. Total. $17,639, 362 $272,335,300 17,137,873 268,437,658 17,286,645 272,653,981 17,938,241 262,678,337 17,868,857 257,360,594 17,891,239 267,537,286 18,095,819 271,639,188 18,129,556 271,960,873 19,168;953 280,510,406 18,758,823 279.447.980 18,115,652 264,183,414 18,713,882 261.297.679 . 18,489,756 251,218,004 38,907,251 266,488,143 50,298,759 284,434,487 41,388,200 271,984,076 88,084,003 271,318,835 32,644,274 276,395,534 30,507,896 266.810.981 29,807,698 257,270,436 40,133,818 271,6^/7,636 59,757,087 830,572,080 67,282,202 369,097,714 82,526,725 386,077,940 96,566,318 879,617,464 95,484,101 372.219.349 95,285,856 376,983,568 89,665,721 859,115,248 85,791,121 852, 8-22,459 89,017,132 364,558,474 85,682,065 362,808,904 82,149,681 342,549,451 79,447,289 352,734,535 78,040,118 354,598,509 81,888,868 860.936.680 83,932,113 867,275,185 83,967,222 368,490,946 90,857,766 364,867, .385 • 88,184,606 361,026,639 108,475,124 367,879,959 112,457,672 877,252,758 111,211,947 387,879,003 111,867,910 374.014.350 111, 846,593 374,677,647 102,386,729 381,952,310 97,087,346 380,643,006 96,610,984 371,706,281 97,486,621 870,984,017 96,948,846 370,106,198 95,769,130 369,932,588 97, 598,281 • 377,259,172 97 ,-988,542 870,935,652 98,481,790 879,267,040 98,353, 936 892,972,221 98,968,989 389,242,799 102,458,400 899,409,650 102,223,621 410,114,221 102,715,291 412,351,305 103,777,376 418,806,770 109,415,619 409,295,886 111,836,806 409,151,022 113,807,365 402,884,251 113,714,547 408,163,638 113,385,156 404,123,968 114,234,023 406,577,817 119,017,104 413,509,320 121,316,729 413,739,914 126,013,222 425,619,822 124,919.184 441,927,886 127,179,423 436,514,509 126,432,989 444,167,591 134,811,976 459,530,459 147,912,706 442,379,184 200 REPORT ON T H E FINANCES. No. 30. - U N I T E D STATES NOTES OF EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R FROM 1890. Denomination. 1890. On e d o l l a r Tvvo d o l l a r s Fivedollars Ten d o l l a r s Twentv dollars Fifty d o l l a r s O n e h u n d r e d d o l l a r s '. Five h u n d r e d dollars One thousand dollars Five tliousand dollars Ten thousand*dollars. Total U n k n o w n destroyed I s s u e d d u r - T o t a l issued. E e d e e m e d T o t a l r e d e e m e d O u t s t a n d i n g . during year. ing year. $216,000 216,000 20,020,000 19,720,000 31,360,000 1,800,000 3,400,000 1,400,000 $183,904,160 181,707,048 395, 281,760 887,811,240 364,602,400 123,415,200 150,104,000 185,676,000 - 299,628,000 20,000,000 40,000,000 78,132,000 2,332,129,808 ' 78,132,000 |2,332,1.29,808 Net $180,611,806.80 178,884,169.20 337,551,376.00 297,400,440.00 258,116,050.00 .101,952,800.00 117,579,650.00 174,347,500.00 283,090,000.00 19,975,000. 00 39,990,000.00 $3,292,353.20 2,872,878.80 57,730,384.00 90,410,800. 00 111, 486,350.00 21,462,400.00 32,524,350.00 11,328,500.00 16,538,000.00 . 25,000.00 10,000.00 78,132,000.00 1,984,448,792.00 1,000,000.00 347,681,016.00 1,000,000.00 78,1.82,000.00 1, 985,448,792.00 346,681,016.00 180,989,959.80 179,247,166.20 854,254,771.00 315,665,865.00 271,006,030.00 105,971,650.00 123,484,350.00 177,298,000.00 287,348,000.00 19,985,000.00 39,990,000.00 8,890,200.20 3,315,881.80 S"/, 526,989.00 91,585,375.00 118,716,370.00 18,843, 550.00 28,719,650. 00 9 378,000 00 16,180,000. 00 15, OCO. 00 10,000.00 $638,174.70 694,414.80 20,624,576.50 15,893,453.00 13,286,896.00 4,580,015.00 5,684,470.00 4,571,000.00 12,149,000.00 10,000.00 1891. 184,380,160 182,563,048 411,781,760 407,251,240 389,722,400 124,815,200 152,204,000 186,676,000. 303,528,000 20,000,000 40,000,000 One dollar Two dollars Fivedollars Ten dollars Twenty dollars. Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten t h o u s a n d dollars .. 476,000 856,000 16,500,000 19,440,000 25,120,000 1,800,000 2,100,000 600, 000 3,900,000 Total Unknown, destroyed . . . : 70,792,000 2,402,921,808 70,792,000.00 2,055,240,792.00 1,000,000.00 847,681,016.00 1,000,000.00 70,792,000 2,402,921,808 70,792,000.00 2, 056,240,792.00 846,681,016 00 686,185.00 570,420.00 15,412,785.00 18,226,420.00 18,472,440.00 8,673,400.00 4,693,900.00 2,378,500.00 2,300,000.00 181,526,094.80 179,817,586.20 369,667,556.00 333,892,285.00 289,478,470.00 109,645,050.00 128,178,250.00 179,676,500. 00 289,648,000.00 19,985,000.00 39,990,000.00 4,062,065. 20 8,081,461.80 61,594,204.00 92,638,955.00 112,803,980. 00 16,870,150.00 26,105,750.00 12,519,500.00 17,980,000. 00 15,000.00 10,000.00 • Net 878,153.00 412,997; 00 16,703,395.00 18,266,425.00 17,889,980.00 4,018,850.00 5,904, 700.00 2,950,'500.00 4,258,000.00 10,000.00 1892. One dollar Two dollars Five dollars Ten dollars .' T w e n ty d o l l a r s Fiftv d o l l a r s O n e h u n d r e d d o l l a r s .-. Five h u n d r e d dollars One t h o u s a n d dolla s Five thousand dollars. . Ten thousand dollars 1,208,000 336,000 19,480,000. 19,280,000 12,560,000 1,700,000" 2,080,000 5,520,000 4,100,000 Total Unknown, destroyed.. 66,264,000 2,469,185,808 66,264,000.00 2,121,504,792.00 1,000,000. 00 347,681,016.00 1,000,000. 00 66,264,000 2,469,185,808 66,264,000. 00 2,122,504,792.00 346,681,016.00 One dollar Two dollars Five dollars Ten dollars Twenty dollars ; Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars. Ten thousand dollars. 208,000 528,000 19,640,000 22,320,000 17,040,000 2,300,000 4,620,000 6,180,000 18,380,000 878,902. 00 757,018.00 19,081,950.00 23,905,880.00 28,366, 300.00 • 4,730,850.00 7,220,600.00 2,454,000.00 3,776,000.00- Total Unknown, destroyed 91,116,000 2, 560,301,808 91,116,000.00 2,212,620,792.00 1,000,000.00 847 681 010 00 1,000,000.00 91,116,000 2,560,301,808 91,116,000.00 2,218,620,792.00 346,681,016.00 Net 185,588,160 182,899,048 431,261,760 426,581,240 402,282,400 126,615,200 154,284,000 192,196; 000 307,628,000 20,000,000 40,000,000 • 1893. Net 185,796,160 188,427,048 450,901,760 448,851,240 419.822,400 128,815,200 158,804,000 198,876,000 326,008,000 20,000,000 40,000,000 182, 399, 996.80 3,396,163.20 180,574,604; 20 • • 2 852 443 80 388,699,506.00- . 62,202, 254.00 357,797:665.00 91,053,575.00 817,844, 770.00 101,477, 630.00 114,375, 900.00 14,439,300. 00 135,398,850.00 28,405,150.00 182,1.30, 500.00 16,245,500.00 298,424,000.00 32,584,000.00 19,985,000.00 15,000.00 39,990,000.00 10 000 00 1894. One dollar Two dollars ....' Five dollars Ten dollars.. ... Twenty dollars Fil'ty d o l l a r s . . One h u n d r e d dollars Five h u n d r e d dollars 416,000 264,000 11,140,000 17,680,000 19,280,000 2,470,000 4,090,000 186,212,160 183,691,048 462,041,760 466,531,240 488,602,400 131,286,200 162,894,000 198,376,000 769, 719.00 646,041.00 20,557,470.00 24,689,290.00 25,681,880.00 2,775,900.00 8,604,200.00 4,206,500.00 183,159,715.80 181,220,645.20 409,256,976.00 382,436,955.00 343,470,650.00 117,151,800.00 138,908,050.00 180,337,000.00 3,052,444.20 2,470,402.80 52,784,784.00 84,094,285.00 95,125,750.00 14,183,400.00 23,990 950.00 12,039,000.00 201 TREASURER. No. S O . — U N I T E D STATES NOTES OF EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING AT THE CLOSE OF EACH FISCAL YEAR FROM 1890^Continued. Issued d u r - T o t a l issued. R e d e e m e d d u r i n g year. Total redeemed. Outstanding. ing year. Denomination. 1894—Continued. $35,620,000 One thousand dollars Five thousand dollars . - . T e n t h o u s a n d d o l l a r s . . .' Total . . U n k n o w n , destroyed $361,628,000 20,000,000 40,000,000 $8,239,000.00 $301,668,000.00 19,985-, 000.00 39,990,000.00 $59,965,000.00 15 000 00 10,000.00 . . . . . . 90,960,000 2,651,261,808 90,960,000.00 2,808,580,792.00 1,ooo; 000.00 347,681 016 00 1,000,000.00 90,960,000 . 2,651,261,808 90,960,000.00 2,304,580,792.00 346,681,016.00 Net. 1895. One dollar Two dollars Five dollars . . . Ten dollars T w e n t y dollars Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dollars 732,000 608,000 18,000,000 16,760,000 15,520,000 1,530,000 2,210,000 Total Unknown destroyed 183,759,048.80 181,718,947.20 425,720,341.00 402,482,525.00 364,397,230.00 120,372,750.00 143,529,450.00 189,098,500.00 307,247,000.00 19,985,000.00 89,990,000.00 3,185, 111. 20 2,580,100.80 54,821,419.00 80 808 715 00 89,725,170.00 12,442,450.00 21,574,550.00 9,277,500.00 78,741,000.00 15,000.00 10,000 00 74,720,000 2,725,981,808 74,720,000.00 2,378,300.792.00 1,ooo;000.00 847,681,016.00 1,000,000 00 74,720,000 2.725,981,808 74,720,000.00 2,379,300,792.00 346,681,016.00 184,474,098.80 182,453,257.20 441,584,531.00 421,015,485.00 381,302,870.00 123,809,200.00 .147,758, 350.00 191,661,000.00 318,691,000.00 19,985,000.00 39,990,000.00 8,126,061.20 8,338,790.80 57,897,229.00 84,475,755.00 80,019,530.00 13,306, OOO.'OO 25,345,650.00 6,715,000.00 73.437,000.00 '. 15,000.00 10,000.00 68,924,000 2,794,906,808 68,924,000.00 2,447,224,792.00 0 1,000,000.00 347,681,016.00 1,000,000.00 68, 924,000 2,794,905,808 68,924,000.00 2,448,224,792.00 346,681,016.00 19,360,000 Net 186,944,160 184,299,048 480,041,760 483,291,240 454,122,400 132,815,200 165,104,000 198,376,000 380,988,000 20,000,000 40,000,000 599,383.00 498,302.00 16,468,365.00 20,046,570.00 20,920,580.00 8,220,950.00 4,626,400.00 2,761,500.00 5,584,000.00 • 1896. One dollar Two dollars Five dollars Ten dollars T w e n t y dollars Fifty d o l l a r s One h u u d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dollars Total U n k n o w n , destroyed Net :.. 656,000 1,488,000 19,440,000 22,200,000 7,200,000 3,800,000 8,000,000 6,140,000 . 187,600,160 185,787,048 499,481,760 505,491,240 461,322,400 136,616,20O 178,104,000 198,376,000 387,128,000 20,000,000 40,000,000 .. 715,050.00 234,310.00 15,864,190.00 18,532,960.00 16,905,640.00 2,986,450.00 4,228,900.00 2,562,600.00 6,444,000.00 . 1897. One dollar T w o doll a r s Five dollars Ten dollars Twentv dollars Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dollars 700,000 600,000 15,400,000 14,520,000 7,600,000 3,600,000 2,000,000 11,100,000 4,100,000 . Total U n k n o w n destroyed 59,620,000 2,854,525,808 59,620,000.00 2,506,844,792.00 1,000,000.00 347,681,016.00 1,000,000.00 59,620,000 2,854,525,808 59,620, ooo; 00 2,507,844.792.00 346,681,016.00 Net 188,800,160 186,387,048 514,881,760 520, Oil, 240 468,922,400 140,215,200 175,104.000 209,476:000 391,228,000 20,000,000 40,000,000 1898. One dollar Tvvo d o l l a r s Five dollars Ten dollars . Twenty dollars Fiftydollars . One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five t h o u s a n d dollars Ten thousand dollars Total -. U n k n o w n destroyed Net : 22,440,000 14,680,000 7,680,000 . . . 1,300,000 3,100,000 700,000 4,860,000 188,300,160 186,887,048 537,- 321,760 584,691,240 476,602,400141,515,200 178,204,000 210,176,000 39.5,588,000 20,000,000 40,000,000 753,248.00 1,084,833.00 15,822,202.00 17,308, 684.00 14,696,458.00 2,002,025.00 2,885,550.00 1,712,000.00 3,360,000.00 584,378; 00 724,112.00 15,916,335.00 15,256,240.00 11,716,560.00 1,382,876; 00 2,836,500.00 1,441,500.00 4,902,000.00 185,227,346.80 3,072,818.20 183,538,090.20 2,848,957.80 467,406,733.00 57,475,027.00 438,319,169.00 81,692,071.00 395,999,328.00 72,923,072.00 126,311,225.00 14,903,975.00 150,643, 900; 00 ••24,460,100.00 193,373,000.00 16,103,000.00 317,051,000.00 74,177,000.00 19,985,000.00 15,000.00 39,990,000.00 10,000.00 185,811,724.80 184,262,202.20 473,328,068.00. 453,575,409.00 407,715,888.00 126,693,600.00 152,980,400.00 194,814,500.00 • 321,958,000.00 19,985,000.00 39,990,000.00 2,488,485.20 2,124,845.80 63,998,692.00 81,1.15,831.00 68,886,512.00 14,821,600.00 25,228,600.00 15,861,500.00 73,635,000.00 15,000.00 10,000.00 54,260,000 2,908,785,808 54,260,000.00 2,561,104,792.00 1,000,000.00 347,681,016.00 1,000,000.00 54,260,000 2,908,785,808 54,260,000.00 2,562,104,792.00 346,681,016.00 202 REPORT ON T H E F I N A N C E S . • ^ N o . 3 0 . — U N I T E D STATES NOTES OF EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1890—Continuecl. I s s u e d d u r - T o t a l issued. R e d e e m e d i n g year. d u r i n g year. T o t a l r e d e e m e d . O u t s t a n d i n g . Denomination. ^^ y ' . 1899. ' $44,000 One dollar • 320,000 Two dollars 28,800,000 Five dollars Ten dollars 29,360,000 Twenty dollars 23,440,000 1,500,000 Fiftydollars ; One hundred dollars 2,800,000 2,100,000 Five hundred dollars 40,000 One thousand dollars — . . . Five thousand dollars Ten thousand dollars Total Unknown, destroved Net • $188,344,160 186,707,048 566,121,760 564,051,240 500,042,400 143,015,200 181,004,000 212,276,000 395,628,000. 20,000,000 40,poo, 000 $271,782.00 333,208.00 19,000,910.00 17,589,450.00 12,855, 550. 00 2,722,300.00 4,004,300.00 5,165, 500.00 26,461,000.00 $186,083,506.80 184,595,410.20 492,328,978.00 471,164,859. 00 420,571,438.00 129,415,900.00 156,984,700.00 199,980,000.00 848,414,000.00 19,985,000.00 39,990, 000.00 $2,260,653.20 2, 111,637.80 73,797 782 00 92,886,381.00 79,470,962. 00 13,599,300.00 24,019,300.00 12,296,000.00 47,214,000.00 15,000.00 10 000 00 88,404,000 2,997,189,808 88,404,000.00 2, 649,508, 792.00 1,000,000.00 347,681 016 00 1,000,000.00 88,404,000 2,997,189,808 88,404,000.00 2,650,508,792. 00 846,681,016.00 186,232,605.80 184,863,846.20 515,765, 558.00 492,009,029. 00 485,331, 228.00 131,451,025.00 162,113,250.00 201,940,750. 00 860, 503,000.00 19,985,000.00 89, 990,000. 00 2 131 554 20 1,899,701.80 77 056 202 00 99,922,211.00 77,031,172.00 18,564,175 00 23,090,750.00 10,835,250.00 42,125,000.00 15 000 00 10,000. 00 80,676,000 3,077,865,808 80,676,000. 00 2,730,184,792.00 1,000,000.00 347,681,016.00 1,000,000.00 80,676,000 3,077,865,808 80,676, ooo; 00 |2,731,184,792.00 846,681,016.00 186,824,867.80 185,088,404.20 541,428,578.00 520,088,469,00 452,291,148.00 133,849,625.00 167,251,450.00 203,485,750.00 372,077,000.00 19, 990,000.00 39,990,000.00 2,089,792.20' 1 674 643.80 51,393,182.00 185,122,771.00 70,471,252.00 12 865 575 00 22,652,550.00 12,390,250.00 89,551,000.00 10 000 00 10,000.00 91,680,000 3,169,545,808 91,680,000.00 2,821,864,792.00 ^1,000,000:00 347,681,016.00 1,000,000.00 91,680,000 3,169,545,808 91,680,000.00 2,822,864,792.00 346,681,016.00 186,378,117.80 185,202, 694.2Q 562,662.718.00 562,87i;919.00 468,263,118.00 186,617,075.00 171,976,650.00 207,017,500.00 382,415,000.00 19, 990,000.00 39,990,000.00 1,986,042.20 ^ 1,560,853.80 30,159,042.00 198,459,321.00 •54,499,282.00 9,698,125.00 17,927,850.00 9,258,500.00 29,213,000.00 10 000 00 10,000.00 1900. One dollar Two dollars Fivedollars Ten dollars Twenty dollars Fifty dollars One hundred dollars ., -^-2^ Five hundred dollars 1^ One thousand dollars Five thousand dollars Ten thousand dollars 20,000 56,000 26,700,000 27,880,000 12,820,000 2,000,000 4,200,000 500,000 . - . 7,000,000 Total Unknown, destroyed Net ^.^- ^ 188,364,160 186,763,048 692,821,760 591,931,240 512,362,400 145,015,200 185,204,000 212,776,000 402,628,000 20,000,000 40,000.000 149,099.00 267,936.00 23,441,580.00 20,844,170. 00 14,759,790.00 2,035,125.00 6,.128,550.00 4,960,750.00 12,089,000. 00 1901. One dollar. Tvvo d o l l a r s Five dollars Ten dollars Twenty dollars Fiftydollars O n e h u n d r e d dolla.rs Five h u n d r e d dollars One thousand dollars Five thousand dollars " Ten thousand dollars 6Z, 280,000 10,,400,000 1,200,000 4,700,000 3,100,000 9,000,000 Total Unknown, destroyed Net * 188,364,160 186,763,048 692,821,760 655,211,240 622,762,400 146,215,200 189,904,000 215,876,000 411,628,000 20,000,000 40,000,000 91, 762. 00 225,058.00 25,663,020.00 28,079,440.00 16,959,920.00 2,398,600.00 5,188,200. 00 1,545,000.00 11,574,000.00 5,000.00 1902. One dollar Two dollars Five dollars . - - . Ten dollars Twenty dollars Fiftydollars T " ^ One h u n d r e d dollars Five h u n d r e d dollars . . O n e t h o u s a n d d o l l a r s . . -* Five thousand dollars Ten thousand dollars Total.... Unkiiown, destroyed Net 101,120,000 ; • 400,000 • 188,864,160 186,763,048 592,821,760 766,331,240 522,762,400 146,215,200 189,904,000 216,276,000 411,628,000 20,000,000 40,000,000 53,750.00 114,290.00 21,284,140.00 42,788,450.00 15,971, 970.00 2,767,450.00 4,725,200.00 3,531,750.00 10,338,000.00 101,520,000 3,271,065,808 101,520,000.00 2,928,884,792.00^ 347,681,016. 00 1,000,000.00 1,000,000.00 101,520,000 8,271,065,808 101,520,000.00 2,924,384,792.00 346 681.016.00 203 TREASURER. No. ^ 1 . — T R E A S U R Y NOTES OP 1890 OF EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R PROM 1891. I s s u e d d u r - T o t a l issued. R e d e e m e d d u r i n g year. i n g year. Denomination.' 1891. One dollar. Two dollars Five dollars T e n doll a r s Twentv dollars One h u n d r e d dollars One thousand dollars Total redeemed. Outstanding. $3,656,417 3,176,000 10,220,000 17,560,000 3,440,000 6,900,000 6,900,000 $3,656,417 3,176,000 10,220,000 .17,560,000 3,440,000 6,900,000 6,900,000 $189,967 84.908 123,815 512,290 21,320 186,700 605,000 $139,967 84,908 123,8lT 512,290 21,320 1.86,700 605,000 $3,516,450 8,141,092 10,096,185 17,047,710 3,418,680 6,713,300 6,295,000 51,852,417 51,852,417 1,624,000 1,624,000 .50,228,417 4,248,424 6,792,000 14,620,000 15,360,000 8,320,000 4,090,000 6,700,000 7,904,841 9,968,000 24,840,000 32,920,000 11.760,000 lO; 990,000 18,600,000 I,502,909 1,257,066 1,469,585 1,722,330 360,880 771,000 1,563,000 1,642,876 1,291,974 1,593,400 2,234,620 382,200 957,700 2,168,000 6,261,965 8,676,026 28,246,600 80,685,380 11,877,800 10,032,300 11,432,000 60,130,424 111,982,841 8,646,770 10,270,770 101,712,071 10,770,106 7,888,000 20,100,000 19,360,000 11,040, OUO 800,000 1,080,000 16,200,000- 18,674,947 17,856,000 44,940,000 62,280,000 22,800,000 .'800,000 12,070,000 29,800,000 3,788,078 4,204,872 6,410,580 6,076,710 2,080,060 6,300 3,430,900 15,818,000 5,376,954 5,496,346 8,008,930 8,311,330 2,462,260 • 6,800 4,888,600 17,986,000 18,298,993 12,359,654 86,936,070 48,968,670 20,337,740 793,700 7,681,400 11,814,000 87,238,106 199,220,947 41,759,950 52,030,720 147,190,227 25,344,137. 22,048,000 54,140,000 61,000,000 26,640,000 1,170,000 17,570,000 43,100,000 7,188,726 6,205,829 12,316,885 11,447,780 4,067,080 114,800 1,554,400 3,652,000 12,514,680 11,701,675 20,320,815 19,759,110 6,529,340 121,100 5,943,000 21,538,000 12,829,457 10,346,325 38,819,186 41,240,890 20,110,660 1,048,900 11,627,000 21,562,000 51,791,190 251,012,137 46, 397,000 98,427,720 152,584,417 6,284,983 4,336,000 20,240,000 10,720,000 1,120,000 5,000 30,000 1,480,000 31,629,120 26,384,000 74,380,000 71,720,000 27,760,000 1,175,000 17,600,000 •44,580,000 8,063,606 6,970,499 13,637,675 12,140,110 5,276,860 302,850 1,724,900 3,696,000 20,578,286 17,672,174 33,958,490 81,899,220 11,805,700 428,950 7,667,900 25,184,000 11,050.834 8,711.826 40,421,510 89,820,780 15,954,300 751,050 9,932,100 19,446,000 .• 44,215,983 295,228,120 60,712,000 149,189,720 146,088,400 7,530,880 6,168,000 17,820,000 12,760,000 880,000 39,160,000 82,552,000 92,200,000 84,480,000 28,640,000 1,175,000 17,600,000 44,580,000 6,964,279 5,089,496 15,611,656 12,617,210 5,298,360 300,800 4,043,200 11,689,000 27,'642,565 22,761,670 49,670,145 44,516,480 17,104,060 724;750 11,711,100 36,778,000 11,617,485 9,790,380 42,629,856 39,963,570 11,535,940 450,250 5,888,900 7,807,000 45,158,880 340,387,000 61,564,000 210,708,720 129,688,280 6,975,560 5,211,960 12,874,'790 10,794,280 8,558,060 129,550 2,801,800 3,156,000 34,518,125 27,973,630 62,444,935 55,810,710 20,662,120 854,800 14,512,900 39,929,000 11,785,875 8,930,870 36,175,065 82,689,290 , 9,657,880 320,700 3,337,100 11,971,000 • 45,602,000 256,206,720 114,867,280 Total 1892. One dollar.. Two dollars Five dollars T e n d ollars T w e n t y dollars One h u n d r e d dollars One thousand dollars Total 1893. One dollar Two dollars Five dollars Ten dollars T w e n t y d o l l a r s - . . . . . .•-.Fiftv d o l l a r s One h u n d r e d dollars One thousand dollars - Total 1894. s.. One dollar Two dollars Five dollars . Ten dollars Twenty dollars Fifty d o l l a r s One h u n d r e d dollars One thousand dollars 6,669,190 4,192,000 • 9,200,000 8,720,000 3,840,000 870,000 5,500,000 18,300,000 Total 1895. One dollar Two dollars . . Five dollars Ten dollars T w e n t y dollars Fifty d o l l a r s One h u n d r e d dollars One thousand dollars Total 1896. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty d o l l a r s One h u n d r e d dollars One thousand dollars . Total 1897. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty d o l l a r s One h u n d r e d dollars One thousand dollars \ 7,144.000 4,352,000 6,420,000 3,520,000 , 1,680,000 .. 250,000 7,820,000 .... . . . Total 80,686,000 46,304,000 36,904,000 98,620,000 88,000,000 30,820,000 1,175,000 17,850,000. 61,900,000 871,073,000 204 REPORT ON T H E FINANCES. N o . 31.—TREASURY NOTES OF 1890 OP EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING AT THE CLOSE OP EACH FISCAL YEAR FROM 1891—Continued. Issued dur- T o t a l issued. R e d e e m e d d u r i n g year. . ing- year.- Denomination. 1898. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fiftv dollars One hundred dollars One thousand dollars Total redeemed. Outstanding. $11,956,000 $58,260,OQO 7,128,000 44,032,000 4,500,OQO 108,120,000 3,600,000 . 91,600,000 82,OOb,000 . . . . 1,680,000 1,175,000 18,000,000 150,000 628,000 , .., 52,528,000 $7,841,027 5,276,258 9,798,615 7,146,500 2,266,860 59,050 1,285,700 9,628,000 $42,859,152 38,249,888 72,248,550 62,457,210 22,928, 970913,350 15,798,600 49,557,000 $15,900,848 10,782,112 80,876,450 29,142,790 9,071,080 261,650 2,201,400 2,971,000 29,642,000 400,715,000 43,302,000 299,507, 720 101,207,280 6,416, odo 4,336,000 12,400,000 5,720,000 1,840,000 64,676,000 48,368,000 115,520,000 97,320,000 33,840,000 1,175,000 18,000,000 52,528,000 9,804, 646 6,276,024 10,612,440 "7,635,110 2,225,680 110,500 634,600 1,102,000 52,163,798 39,526,912 82,855; 990 70,092,320 25,164,650 1,023,850 .16,433,200 ,60,659,000 12, 512,202 -8,842,088 82,664,010 27 227,680 8,685,850 151 150 1,566,800 1,869 000 30,712,000 431,427,000 38,401,000 337,908,720 93,518 280 28,000 1,440,000 5,220,0007,360,000 1,920,000 40,000 64,704,000 -49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 '52,568,000 7,081,640 5,311,330 10,780,750 7,333,990 2,082,620 31,850 842,300 585,000 59,245,838 44,837; 242 93,586,740 77,426,310 27.237,170 1,055,700 16,775,500 • 51,244,000 5,458,662 4,970, 758 27,158,260 27,253,690 8,522,830 119,300 1,224,500 • 1,324,000 16,008,000 447,436,000 33,499,280 371,408,000 76,027,000 64,704,000 49,808,000 120,740,000 • 104,680,000 35,760,000 • 1,175,000 18,000,000 52,568,000 8,278,173 2,957,202 10,616,185 8,313,850 •2,285,340 29,850 289,400 479,000 62,518,511 47,794,444 104,202, 925 85,740,160 29,522,510 1,085,550 17,064,900 51,728,000 2,185,489 2,013,556 16,537,075 18,939,840 6,237,490 89,450 985 TOO • 845,000 447,435,000 28,244,000 399,652,000 47,783,000 1,066,166 1,059,899 7,879,225 6,256,040 1,599,920 19,350 185,400 217,000 63,584, L77 48,854,343 111,582,150 Cl,996; 200 81,122,430 1,104, 900 17;260,300' 61,940,000 9,157,850 12,683,800 4,637,570 70,100 749 700 628,000 17,788,000 417,435,000 30,000,000 Total 1899. One dollar Two dollars Five dollars Ten dollars Tvventy dollars Fiftv dollars One'hundred dollars One thousand dollars Total .1900. One dollar Two dollars Five dollars "..-.• Ten dollars Twenty dollars Fifty dollars . . - -:; One hundred dollars One thousand dollars Total 1901. One dollar Two dol lars - - . ; . - - - . Five dollars i -: Ten' dollars . -. . ; . . . . Twenty dollars Fifty dollars One hundred dollars One thousand dollars . . Total . ..... - • • . ' .. 1902. One dollar Two dollars Five dollars Ten dollars Tvventy dollars Fiftv dollairs One hundred dollars One thousand dollars Total 64,704,000 . 49,808,000 120,740,000 . 104,680,000 85,760,000 • 1,176,000 18,000, OOb 52,568,boo ......' : ' ....... • ' - 447,435,000 • 1,119,823 205 TREASURER. No. 3 2 . — G O L D CERTIFICATES OP. EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R PROM 1890. Denomination. 1890. Twenty dollars Fifty dollars One hundred dollars . . Five hundred dollars . One thousand dollars . Five thousand dollars. Ten thousand dollars.. Total. 1891. Twenty dollars Fifty dollars One hundred dollars . . Five hundred dollars- One thousand dollars Five thousand dollars. Ten thousand dollars.. Total 1892. Twenty dollars Fiftydollars One hundred dollars -. Five hundred dollars.. One thousand dollars . Five thousand dollars. Ten thousand dollars . Total 1893. Twenty dollars. Fifty dollars One hundred dollars . . Five hundred dollar.s . One thousand dollars . Five thousand dollars. Ten thousand dollars . Total. 1894. Twenty dollars Fiftydollars.. One*hundred dollars . . Five hundred dollars.. One thousand dollars . Five thousand dollars. Ten thousand dollars.. Total . 1895. Twenty dollars Fifty dollars One'hundred dollars . Five hundred dollars One thousand aollars . Five thousand dollars. Ten thousand dollars . Total. 1896. Twenty dollars Fiftydollars One hundred dollars . . Five hundred dollars . One thousand dollars . Five thousand dollars. Ten thousand dollars . Total 1897 Twenty dollars Fiftydollars One hundred dollars. Issued during year. $2,880,000 2,200,000 2,000,000 2.000,000 4; 000,000 11,350,000 24,620,000 49,050,000 4,240,000 1,000,000 2,400,000 2,200,000 3,300,000 6,680,000 43,700, QOO 63,520,000 160;000 40o; 000 400,000 ; 1,000,000 7,ooo; 000 18,725,000 42,840, OOb 70,525,000 ...Redeemed Total issued. during year. $23,920, OO'O 20,000,000 42,234,soa 58,844, OO'O 171,881,000 541,890,000 495,070,000; 1,353,839,m 28,160, OOQ 21,000,OQO 44,.634-,'30'Q 61,044, OOQ. 175,181,000 548,570,000 538,770,boo " 1 ; 971,700 " i ; 587,350 ':i;698,'500 i;:^; 170,, 000 - 5,314,000 14,380,000 ' 41,.480; 000 28,320,OOQ 21,400,OQO 45,034,300 62,044, OO'O 182,181,000 567,295,000 581,610,000 '2;260,800 "1,748,900 "^,379,800 .:.2,ii2,bOQ 7,871v00b 14,615,000 35,.OO0,OOO 4, 660,000 8,340,000 13,070,000 1,500,954,800. 28,320,000 21,400,000 45,054,300 .. 62,094,000 - 182,181,000 100, OQO. - 572,055,000 589,950,000 100,OQO 45,555,573 •68,60l,.550 28,320,000 21,400,000 45,054,300 62,094,000 182,1.81,000 571, 9.55, OOb 589,950,000 20,000 50,000 1, 501,054,300 Outstanding. $1;905,628 "$11,966,526 $11,958,474 " i ; 600,145 9,043,205 "10,956,795 ".1;533,800 ' 30,1.21,000 1.2,113,300 ..':i; 734,000 "47,502,500 11,341,500 2,152,000 28,061,500 148,819,500 13,950,000 34,400,000 "507;490,000 22,680,000 55,630,000 439,44.0,000 1,417,859,300 1,487,884,300 • Total redeemed. i;i96,296,321 I 1.57,542,979 " 13,938,226 12,544,145 81,819,500 49,672,500 154,133,500 '521,870,000 480,920,000 14,221,774 8,455,855 12,814,800 11,371,500 21,047,500 26,700,000 57,850,000 1,264,897,871 | 1.52,461,429 16,199,026 14,293,045 "34,199,300 "52,184,500 162,004,500 536,485,000' 515,920,000 12,120,974 7,106,955 10,835,000 9,859,500 20,176,500 30,810,000 65,690,000 • 66,-387,500 i.; 331,285, 371 156,598,929 19,042,366 16,275,645 87,655,600 ' 5'6,212;'"00b 169,-897,500 553,985,000" 555,040,000 - 9,277,684 5,124,355 7,398,700 5,882,000 12,283,500 17,970,000 34,910,000 1,108, 111 92,846,189. 20,85.5,406 1,818,040 17,281,995 1,006,850 39,882,000 1,726,400 1,335,5bb •"57,547,500 178,319,500 8,422,000 •559,870,'Obb 5,885,'Obb 566,410,000 11,370;000" 7,464,594 4,118,005 5,672,800 4,546,500 8,861,500 12,185,000 23,540,000 1,434,666, .4.01 66,387,899 2,843,84b "a,-982,600 3,456,300 . 4,-027, 50Q 7,893,000 17,500,bob -39,r20i000^ 76,822,740 26,558,290 50,000 50,000 28,320,000 21,400,000 45,074,300 - 62,094,000 182,181,000 572,105,000 590,000,000 1.20,000 1, 501,174,300. 18,037,940 1,452,704,341 48,469,959 15,000 4,840,000 28,820,000 21,400,000 45,074,300 • 62,094,000 182,181,000 572,120,000 594,840,000 893,220 559,650 790.400 446,500 487,000 420,000 4,910,000 23,014,266 18,302,245 40,860,600 58,296,500 176,787,500 566,100,000 580,850,000 6,305,784 3,097,755 4,213,700 8,797,500 6,393,500 6,020,000 13,990,000 4,855,000 1,506,029,300 10,506,770 1,463,211,111 42., 818,189 10,000 28,830,000 21,400,000 45,074,300 385,120 289,200 896,700 20,000- 1-, 265,640 460,600 ,688,2b0 . 302,500 981,000 4,810,000 9,530,000 22,121,046 6,198,964 "17.742,595 3,657,405 ' 40; 070,200 5,004,100 ••"57,850,000 4,244,000 174,8bO, 500 . 7,880,500 564,'680, OOb 7,425,000 575,940i000^ 14,060,000 28,899, 386 18,591,445 41,257,800 4,930.614 2,808,555 3,817,000 ^06 No. REPORT ON T H E F I N A N C E S . 3 2 . — G O L D CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING AY THE CLOSE OF EACH FISCAL- Y E A R PROM 1890—Continued. Issued during year. Denomination. 1897—Continued. Five h u n d r e d dollars One-thousand dollars Five thousand dollars Ten thousand dollars Total $10,000 1898. T w e n t y dollars Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One t h o u s a n d dollars . . Five thousand dollars Ten thousand dollars Total 1899. T w e n t y dollars Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dolla s . . Total , -... .- 1900. Twenty dollars Fiftydollars One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dollars Total 1901. Twenty dollars Fiftydollars One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars — Ten thousand dollars Total 1902. T w e n t v dollars Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dollars Total edeemed T o t a l issued. dR uring year. Outstanding. $62,094,000 182,181,000 572,120,000 594,840,000 $293,000 702,000 460,000 1,520,000 $58,589,500 176,489,500 566,560,000 582,370,000 $3,504,500 5,691,500 5,560,000 12,470,000 1,506,089, 300 4,046,020 1,467,257,131 38,782,169 28,330,000 21,400,000 45,074, 300 62,094,000 182,181,000 572,120,000 594,840,000 255,920 152,200 184,400 103,500 161,000 355,000 150,000 1,506,039, 300 1,362,020 1,468,619,151 37,420,149 28,330,000 21,400,000 45,074,300 62,094,000 182,181,000 572,120,000 594,840,000 183, 730 118,000 149,100 116,500 160,000 435,000 1,960,000 23,839,086 18,861,645 41,590,800 58,'809,500 176,810,500 567,310,000 584,520,000 4,490,964 2,538,855 3,488, 500 3,284,500 5,370,500 4,810,000 10,320,000 :-^ 199 :^.qn 1,471,741,481 34, 297,819 1 506 039 800 - Total redeemed. 23,655,806 18,743,645 41,441, 700 58,693,000 176,650,500 566,915,000 582,520,000 - 4, 674,694 2,656,855 3,632,600 8,401,000 5,530,500 5,205,000 12,320,000 53,590,000 19,100,000 19,160,000 7,750,000 27,700,000 23,915,000 66,110,000 81,920,000 40,500,000 64,234,300 69,844,000 209,881,000 596,035,000 660,950,000 2,584,640 1,248,800 1,488,200 1,109,000 1,680,000 3,265,000 12,500,000 26,423,676 20,110,445 48,079,000 59,918,500 178,440,500 570,575,000 597,020,000 55,496,824 20,389,555 21,155,300 9,925,500 81,440,500 25,460,000 68,930,000 217,325,000 1,723,364,300 23,825,640 1,495, 567,121 227,797,179 36,960,000 2,900,000 6,400,000 2,100,000 3,900,000 5,000,000 57,310,000 118,880,000 43,400,000 70,634,300 71,944,000 218,781,000 601,035,000 718,260,000 9,064,140 2,712,250 2,992,100 1,524,000 1,907,000 1,720,000 33,490,000 85,487,816 22,822,695 46,071,100 61,442,500 . 180,847,500 572,295,000 630,510,000 88,392,184 20,577,305 24,563,200 10,501,500 33,483,500 28,740,000 87,750,000 114,570,000 1 1,837,934,300 53,409,490 1,548,976,611 288, 957,689 47,840,000 8,800,000 12,400,000 4,300,000 11,800,000 2,000,000 42,740,000 166,720,000 52,200,000 83,034, 300 76,244,000 225,581,000 603,035,000 761,boo, 000 15,704,800 4,127,900 4, 992,900 2,057,000 3,093,000 740,000 41,540,000 51,192;616 26,950,595 51,064,000 63,499,500 183,440,500 578,035,000 672,050,000 115,527,884 25,249,405 81,970, 300 12,744,500 42,140,500 80,000,000 88,950,000 129,880,000 1.967,814,300 72,255, 600 1,621,232,211 346, 582,089 207 TREASURER. No. 3 3 . — S I L V E R CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED, . AND OUTSTANDING AT THE CLOSE OP EACH FISCAL Y'EAR FROM 1890. I s s u e d d u r - T o t a l issued. Redeemed d u r i n g year. ing year. Totalredeemed. Outstanding. $51,800,000 34,480,000 119,100,000 188,274,000 83,746,000 12,850,000 16,740,000 13,6"^.0,000 23,490,000 $11,478,489.70 6,959,904.80 ^ 11,552,583.50 14,965, 607. 00 8,828,760.00 1,003,950.00 636,700.00 . 93,000.00 56,000. 00 $20,665,517.90 11,922,289.60 16,972,843.50 76,802,984.00 57,465,144.00 9,595,140.00 12,450,880.00 13,396,500.00 23,319,000.00 $31,184,482.10 22,557,760.40 102,127,156.50 111,471,016.00 26,280,856.00 3,254,860.00 4,289,120,00 253,500.00 171,000.00 94,480,000 544,130,000 55,569,995.00 242,590,249.00 301,539,751.00 9, 320, 000 4,544,000 29,540,000 18,880,000 10,820,000 8,400,000 8,000,000 2,700,000 3,200, 000 61,120,000 89,024,000 148,640,000 207,154,000 94,066,000 • 16,250,000 19,740,000 16,350,000 26,690,000 11,389,274.00 7,868,255.00 21,597,432.00 19,766,485.00 8,199,620.00 792,100.00 885,400.00 497,000.00 738,000.00 32,054,791.90 19,790,494.60 38,570,275.50 96,569,469.00 65,664,764.00 10,387,240.00 13,386,280.00 13,893,500.00 24,052,000.00 29,065, 208.10 19,233,505.40 110,069,724. 50 110,584,531.00 28,401,236.00 5,862,760.00 6,408,720.00 2,456,500.00 2,638,000.00 84,904,000 629,034,000 71,728,566.00 814,318,815.00 314,716,185.00 12,872,000 7,424,000 23,600,000 25,160,000 23,040,000 6,900,000 10,700,000 100,000 73,992,000 46,448,000 172,300, 000 232,314,000 117,106,000 23,150,000 30,440,000 16,850,000 26,790,000 14,625,433.00 9,527,668.00 31,298, 010.00 25,153,780.00 7,378, 440. 00 1,046,950.00 1,806,100.00 1,275,500.00 1,345,000.00 46,680,224.90 29,318,162.60 69,868,285.50 121,723,249.00 73,043,204.00 11,434,190.00 14,642,380.00 15,169,000.00 25,397,000.00 27,811,775.10 17,129,837. 40 102,431,714.50 110,590,751.00 44,062,796.00 11,715,810.00> 15, 797,620. 00* 1,181,000.00 1,393,000.00 109,856,000 788,890,000 92,956,881.00 407,275, 696.00 381,614,804.00 10,696,000 7,696,000 27,000,000 27,280,000 22,800,000 5,700, 000 8, 600,000 100,000 100,000 84,688,000 54,144,000 199,300,000 259,594,000 139,906,000 28,850,000 39,040,000 16,450,000 26,890,000 15,152, 942.00 8,803,138.00 85,429,910. 00 30,657,010.00 10, 539, 600.00 3,224,800.00 6,634,400.00 622,000.00 665,000.00 61,838,166.90 38,121,800.60 105,298,195.50 152,380,259.00 83,582,804.00 14,658,990.00 20,276, 780. 00 15,691,000.00 , 26,062,000.00 22,854,833.10 16,022, 699.40 94,001,804.50 107,213,741.00 56,328,196. 00 14,191,010.00 18,768,220.00 759, boo. 00 828,000.00 Total.... 1894. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fiftydollars..-: One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars 109,972,000 848,862,000 110,628,800.00 517,904,496.00 330,957,504.00 12,828,000 8,040,000 32,540,000 34,760, 000 28,960,000 2,620, 000 10,570, 000 97,516,000 62,184,000 231,840,000 294,354,000 168,866,00031,470,000 49,610,000 16,450,000 26,890,000 13,401,604.00 8,696,326.00 38,889, 920.00 87,362,030.00 16,433,620.00 3,654,500.00 5,107,000.00 276,000.00 306,000.00 75,284,770.90 46,817, 626.60 144,188,115.50 189,742,289.00 100,016,424.00 18,313,490.00 25,888,780.00 15,967,000.00 26,868,000.00 22,281,229.10 15,366,378.40 87,651,884. 50 104,611,711.00 68,849,576.00 13,156,510. 00 24,226,220.00 483,000. OO .522.000.00 Total 1895. One dollar Two dollars Five dollars T e n dollars. .. Twenty dollars Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars 180,318,000 979,180,000 124,127, ooo: 00 18,856,000 10,304,000 36,680, 000 27,960,000 19,200,000 1,320,000 850,000 116,372,000 72,488,000 268,520,000 322,314,000 188,066,000 32,790,000 60,460,000 16,450,000 26,890, 000 Denomination. 1890. One dollar Two dollars Five dol lars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Total :. $14,700,000 9,280,000 28,100,000 39,000,000 800, 000 2,600,000 1891. • One dollar Tvvo dollars Five dollars Ten dollars Twentv dollars Fiftv dollars.. One hundred dollars Five hundred dollars One thousand dollars Total 1892. One dollar Two dollars Five dollars Ten dollars ". . . Twenty dollars Fiftydollars One hundred dollars Five hundred dollars One thousand dollars Total 1893. One dollar Two dollars Five dollars Ten dollars Tvventy dollars Fiftydollars.... One hundred dollars Five hundred dollars One thousand dollars 0 Total 115,170,000 1,094,350,000 642,031,496.00 | 337,148,504.00 89,180,293.90 13,895,523.00 55,820,948.60 '9,003, 322.00 180,257,290.50 86,069,175.00 223,970,899.00 84,228,110.00 120,861,144.00 20, 844,720. 00 21,887,740.00 3, 574,250.00 .5,5.11,900.00 i 30,895, 680.00 16,107,000.00 140,000.00 26,525,000.00 157,000.00 123,424,000.00 27,241,706.10 16,667,051.40 88,262,709. 50 98,343,601.00 67,204,856.00 10,902,260.00 19,564,820.00 348,000.00 365,000.00 765,455,496.00 | 328,894,504.00 1896. One dollar Two dollars Five dollars Ten d ollars Twenty dollars Fifty dollars One h u n d r e d dollars 19,248,000 8,880,000 45,880,000 45,320.000 18,64:0,000 5,560,000 10,480,000 1 135,620,000 81, 368,000 314,400,000 367,634,000 206,706,000 38.350,000 60;940,000 1 17,049,336.00 9,758, ,844.00 40,167,740.00 87,715,320.00 23,505,360.00 4,347,600.00 7,514,300.00 1 106,179,629.90 65,579,792.60 220,425,030.50 261,685,719.00 144,366,504.00 26,285,340.00 38,409,980.00 29,440,370.10 15,788,207.40 98,974,969.50 105,948, 281.00 62,359,496.00 12,114,660.00 22,530,020.00 208 No. REPORT* ON T H E F I N A N C E S . 3 3 . — S I L V E R CERTIFICATES OP EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R PROM 1890—Continuecl. I s s u e d d u r - T o t a l issued. ing year. Denomination. 1896. Five h u n d r e d dollars One thousand d o l l a r s . . : . . . Total Redeemed d u r i n g year. Total redeemed. Outstanding. $16,460,000 26,890,000 $102,500.00 122,000.00 $16,209,500.00 26,647,000.00 $240,500.00 243,ObO.00 $154,008,000 1,248,858,000 140,283,000.00 .905,788,496.00 842,619,504.00 19,812,166.00 10,081,588.00 43,858,735.00 39,295,755.00 21,081,486.00 4,300,675. 00 7,070,650.00 • 63,000.00 58,000.00 125,991,795.90 75,661,325. 60 264,283,765.50 800,981,474.00 165,897,990.00 30,586,015.00 45,480,630.00 16,272,500.00 26,705,000.00 31,064,204.10 18,122,674.40 101,736,234.50 118,292,526.00 67,228,010.00 15,018,985.00 28,659,870.00 177,500.00 185,000.00 145,572, OOQ. 00 1,051,310,496.00 875,479, 504.00 1897. 21,436.000 12,416,000 51,620,000 46,640,000 25,920,000 . 7,200,000 13,200,000 One dollar "Two d o l l a r s Five dollars Ten dollars Twenty dollars Fifty d o l l a r s . One"hundred dollars Five h u n d r e d dollars One thousaud dollars 1?57,056,000 93,784,000 366,020,000 414,270,000 232,626,000 45,550,000 74,140,000 16,450,000 26,890,000 -. 178,432,000 1,426,790,000 Total 1898. One dollar Two dollars Five dollars 1'en d o l l a r s Twenty dollars Fifty d o l l a r s One h u n d r e d dollars F i v e h u n d r e d dol lars One thousand dollars 19,980,000 11,320,000 48,760,000 48,280,000 82,080,000 • 11,800,000 :. 1,000,000 100,000 800,000 Total 177,036,000 105,104,000 414,780,000 462,554,000 264,706,000 57,350,000 75,140,000 16,550,000 27,190,000 173,620,000 1,600,410,000 146,134,060.90 86,328,185. 60 305,402,650. 50 336,980,534.00 188,568,170.00 84,505,765.00 65,644,130.00 16,374,000. 00 26,921,000.00 80,901,939.10 18,775,814.40 109,377,349. 50 125,573, 466.00 81,142,830.00 22,844,235.00 9,495,870.00 176,000.00 269,000.00 150, 543,000.00 1,201,853,496.00 398,556,504.00 20,142,265.00 10,666,860. 00 41,118,885.00 35,999,060.00 18,165,180.00 8,969,750.00 20,163,500.00 101,500.00 216,000.00 1899. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fiftydollars One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars 167,702,268.90 97,828,580.60 348,384,847.50 374,081,129.00 208,613,050.00 40,883,890.00 69,724,230.00 16,436,500.00 27,035,000.00 40,741,731.10 22,992,419.40 106,895,152.50 126,112,871.00 80, 692,950.00 22,966,110.00 5,415,770.00 113,500.00 155,000.00 1.51,360,000 1,751,770,000. 143,881,000.00 1,345, 684,496.00 406,085,504.00 81,408,000 15,712,000 40,500,000 37,640,000 19,600,000 6,500, 000 Total 208,4^14,000 120,816,000 455,280,000 500,194,000 284,806,000 63,850,000 75,140, 000 16, 550,000 27,190,000 21,568,208.00 11,495,395.0b 42,982,197.00 37,100,595.00 20,049,880.00 6,878,125.00 4,080,100.00 62,500.00 114,000.00 1900. One dollar Two dollars Five dollars -. Ten dollars T w e n t y dollars Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Total .. .. 1 : 38,368,000 21,088,000 48,140,000 43,720,000 5,200,000 3,800,000 6,400,000 100,000 5,300,000 246,812,000 141,904,000 503,420,000 548,914,000 289,506,000 67,650,000 81,540,000 16,650,000 32,490,000 172,116,000 1,923,886,000 26,887,693. 00 13,241,786.00 41,080,180.00 36,775,520.00 20,980,800.00 10,974,525.00 8,084, 550.00 100,500.00 4,111,000.00 52,222,038.10 194,589, 961.90 30,838, 683.40 111,065,316.60 314,004,972.50 389,415,027.50• 410,856,649.00 ]33,057,351.00 64,912,150.00 224,593,850.00 15,791,585. 00 51,858,415.00 3,731, 220.00 77,808,780.00 118,000.00 16,537,000.00 1,344,000.00 31,146, 000. 00 162,186,504.00 1,507,871,000.00 416,015,000.00 232,744,219.90 130, 868,468.60 441,131,107.50 454,992,159.00 248,681, 350. 00 58,881, 615.00 78,722,080.00 16,567,000.00 32,186,000.00 59,355,780.10 86,499,531.40 175,708,892. 50 105 601 841 00 45 824 650.00 . 8,818,885.00 2,817,920.00 88,000. 00 304,000. 00 181,853,000.00 1,689,724,000.00 435, 014,000. 00 1901. One dollar Two dollars F i v e .dollars Ten dollars Tvventy d o l l a r s Fifty dol lars One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Total. 45,288,000 25,464,000 '113,420,000 16,680,000 292,100,000 167,368,000 616,840,000 560,594,000 289,506,000 67,650,000 81,540,000 16,650,000 32,490,000 200,852,000 2,124,738,000 38,154,258.00 19, 808,152.00 51,716,080.00 44,135,510.00 19,087, 500.00 6, 973, 200.00 913, 300.00 80, 000.00 1,040,000.00 1902. One dollar Two dollars Five dollars Ten dollars T w e n t y dollars Fifty d o l l a r s One h u n d r e d d o l l a r s Five hundred dollars... One thousand dollars Total 59,676, 000 31,072,000 141,800,000 2,960,000 851,776.000 198,440,000 758,640,000 563,554,000 289,506,000 -67-, 650,000 81,540,000 16,650,000 32,490,000 235,508,000 2,360,246,000 284,081,805.90 158,562,722.60 525, Oil, 787.50 492,369,889.00 256,403,650.00 61,625,265.00 . 79,319,380.00 16,580,500.00 82,294,000. 00 67,694,194.10 89,877,277..40 233,628,212.50 71,184, 111. 00 38,102, 350.00 6,024,735. 00 2,220,620.00 69,500. 00 196 000 00 216,525,000.00 1 906 249 000 00 "^^^ Q'^'^ nhn na 51,337,586. 00 27,694,254.00 88,880,680.00 37,377,730:00 12,722,300.00 2,793, 650.00 , 597,300.00 13,500.00 108,000.00 ' ' 209 TREASURER. No. 34.—CURRENCY CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING AT THE CLOSE OP E A C H FISCAL Y E A R PROM 1890. Issued during year. Denomination. 1890. Five thousand dollars Ten thousand dollars Total 1891. Five thousand dollars Ten thousand dollars Total 1892. Five thousand dollars Ten thousand dollars Total • 1893. F i v e t h o u s a n d dol lars Ten thousand dollars •. Total. . 1894. Five thousand dollars Ten thousand dollars Total 1895. Five thousand dollars Ten thousand dollars - Tatal 1896. Five thousand dollars Ten thousand dollars Total 1897. Five thousand dollars Ten thousand dollars Total 1895. Five thousand dollars. .. Teh thousand dollars Total 1899. Five thousand dollars Ten thousand dollars Total 1900. Five thousand dollars Ten thousand dollars . . Total 1901. Five thousand dollars Ten t h o u s a n d dollars Total 1902. Five thousand dollars Ten thousand dollars Total FI 1902- . . -14 T o t a l issued, dRu reidnege my ee ad r . Total redeemed. Outstanding. $28,480,000 $102,435,000 799,860,000 $95,000 28,190,000 $101,985,000 787,920,000 $450 000 11,940,000 28,480,000 902,295,000 28,285,000 889,905,000 12 390 000 39,440,000 102,435,000 839,800, OOQ ' 150,000 27,900,000 102,135,000 815,820,000 • 300,000 28,480,000 39,440,000 941,735,000 28,050,000 917,955,000 23,780,000 70,800,000 102,485,000 910,100,000 10,000 64,150,000 102,145, 000 879,970,000 290,000 30,180,000 70,800,000 1,012,535,000 64,160,000 982,115,000 80,420,000 5,000 42,630,000" 50,000 60,600,000 102,195,000 940,570,000 246,000 12,160,000 42,685,000 1,055,170,000 60,650,000 1,042,765,000. 12,405,000 190,000 102,630,000 78,400,000 1,031,130,000 40,000 30,920,.000 102,285,000 971,490,000 395,000 59,640,000 78,590,000 1,183,760,000 30,960,000 1,073,725,000 60,035,000 20,000 102,650,000 67,560,000 1,098,690,000 120,000 102,355,000 71, 700,000 1,043,190,000 295 000 55,500,000 67,580,000 1,201,340,000 71,820,000 1,145, 546,000 55,795,000 104,490,000 1,840,000 70,970,000 1,169,660,000 104,290,000 1,985,000 94,460,000 1,187,650,000 200,000 3'2, 010,000 72,810,000 Ij 274,150,000 96,395,000 1,241,940,000 32,210,000 1,390,000 105,88b, 000 104,710,000 1,274,370,000 890,000 104,680,000 75,580,000 1,218,230,000 1,200,000 61,140,000 106,100,000 1,880,250,000 75,970,000 1,817,910,000 62,840,000 105,985,000 55,000 53,100,000 1,327,470,000 400,000 105,080,000 88,490,000 . 1,801,720,000 856,000 25,750,000 53,155,000 1,488,405,000 "88,890,000 1,406,800,000 26,605,000 105,935,000 30,800,000 1,358,270,000 450,000 105,530,000 35,600,000 1,337,820,000 405,000 20,950,000 30,800,000 1,464,206,000 36,050,000 1,442,850,000 21,856,000 105,935,000 9,420,000 1,367,690,000 870,000 105,900,000 26,700,000 1,864,020,000 35,000 3,670,000 9,420,000 1,478,625,000 27,070,000 1,469,920,000 3,705,000 105,985,000 1,867,690,000 35,000 105,935,000 8,670,000 1,367,690,000 1,478,625,000 3,705,000 1,473,625,000 105,935,000 1,867,690,000 105,935,000 1,367,690,000 1,478,625,000 1,473,625,000 102,440,000 952,730,000 210 REPORT ON T H E FINANCES. N o . 3 5 . — A M O U N T OP UNITED STATES NOTES, TREASURY NOTES, AND GOLD, SILVER, AND CURRENCY CERTIFICATES OP EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING AT THE CLOSE OP EACH FISCAL Y^EAR PROM 1890. Denomination. I s s u e d d u r - T o t a l issued. R e d e e m e d during year. ing year. Total redeemed. Outstanding. 1890. One dollar. . ..... Two tlollars Five dollars . Ten dollars T w e n t y dollars Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dollars $14,916,000 $235,704,160 $12,111,664.40 $201,277,324.70 190,756,408.80 9,496,000 216,187,048 7,654,319.60 354,524,219.50 48,120,000 514,881,760 32,177,160.00 374,203,424.00 58,720,000 576,085, 240 30,859,060.00 322,547,720.00 34,240,000 472,268,400 24,021,284.00 122,504,735.00 4,800,000 156,265,200 7,184,110.00 160,151,530.00 8,000,000 •209,078,300 7,854,970.00 235,246,500.00 3,400,000 258,170,000 6,398,000.00 455,228,500.00 4,000,000 194,999,000 14,357,000.00 629,450,000.00 11,350,000 664,825,000 14,055,000.00 48,100,000 1,334,930,000 50,870,000.00 1,267,850,poo.00 $84,426,835.80 25, 430,639.20 159,857,540.50 201,881,816.00 149,720,680.00 88,760,465.00 48,926,770.00 22,923,500.00 89,770,500.00 34,875,000.00 67,580,000.00 Total U n k n o w n destroyed 246,142,000 5,182,894,108 207,542,568.00 4,313,240,362.00 , 1,000,000. 00 819,153, 746.00 1,000,000.00 245,142,000 5,182,894,108 207,542,568.00 4,814,240,862.00 818,158,746.00 Net • 1891. One dollar Two dollars Five dollars Ten dollars T w e n t y dollars Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five t h o u s a n d dollars T e n thousand dollars Total Unknown destroyed. 18,452,417 249,156,577 224,768,048 8, 576,000 570,641, 760 56,260,000 631,965,240 55,880,000 515,888,400 43,120,000 162,065,200 6,200,000 228,478,300 14,400,000 264,070,000 5,500,000 512,299,000 17,300,000 671,005,000 6,680,000 83,140,000 1,418,070,000 218,184,718.70 35,971,858.80 11,907,894.00 199,072,568.80 25, 690,479.20 . 8,816,160.00 392,948,861.50 177,692,898.50 38,424,642.00 412,747,624.00 219,217,616.00 88,544,200.00 350,630,340.00 164,758,060.00 28,082, 620.00 33,162,165.00 6,898,300.00- 128,903,035.00 168,826-, 830.00 54,651,470.00 8,675,300. 00 240,864,000.00 23,206,000.00 5,617,500.00 466.188,500.00 • 46,160,500.00 1.0,910,000.00 648,990,000.00 27,015,000.00 14,540,000.00 81,840,000.00 69,380,000.t)0 1,336,730,000.00 310,508,417 6,442,902,525 240,796,116.00 4, 554,036, 478.00 1,000,000.00 888,866,047.00 1 000 000.00 810,508,417 5,442,902,525 240,796,116.00 4,555,036,478.00 . 887,866,047.00 • 1892. One dollar '. Two dollars Five dollars Ten dollars Twenty dollars Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dollars 267,485, OQl 18,328,424 14,552,000 .289,315,048 628,401,760 57,760,000 691,765,240 59,800,000 559,468,400 44,080,000 171,065,200 9,000,000 240,748,300 17,270,000 270,590,000 6,620,000 580,199,000 17,900,000 689,780,000 18,726,000 118,640,000 1,531,710,000 229,849,195.70 16,664,477.00 210,427,722.80 11,855,154.00 441,129,241.50 48,180,380.00 457,850,154.00 45,102,530. 00 379,102,900.00 28,472,560.00 135,872,285.00 6,469,250.00 177,977,680.00 9,150,800.00 247,030,000.00 6,166,000.00 479,217, 500.00 18,079,000.00 658,615,000.00 14,625,000.00 99,150,000.00 1,435,880,000.00 37,635,805.30 28,887,325.20 187,272,518.60 233 915 086.00 180,365,500.00 85,692 915.00 62,770,670.00 28,560,000.00 50,981,500.00 81,115,000.00 96,880,000.00 Total Unknown, destroyed 877,675,424 6,820,477,949 298,415,151.00 4,852,451,629.00 1,000,000.00 968 026 320 00 1,000,000.00 377,575,424 5,820,477,949 298,415,151.00 4,853,451,629.00 967,026,320.00 19,759,922.00 249,609,117.70 18,764,528.00 224,192,250.80 60,872,390.00 502,001,631. 50 60,639,100.00 518,489,254.00 48,829,300.00 422,93^,200.00 145,316,835. 00 9,944, 550.00 197,719,830.00 19,742,200.00 254,033,500.00 7,003,500.00 507,369,500.00 28,152,000.00 676,165,000.00 17,550,000.00 99,720,000.00 1,535,600,000.00 39,649,989.30 31,284,797.20 193,140,128.50 242,235,986.00 187,416,200.00 34,548,365 00 67,248,470. 00 22,886,500.00 57,509,500.00 18,230, 000. 00 47,080,000.00 344,081,106 6,164,509,055 380,977,490.00 5,238,429,119.00 1,000,000.00 931,079 936 00 1,000,000.00 344,031,106 6,164,509,055 380,977,490.00 5,234,429,119. 00 980,079,936.00 'Net Net 1893. One dollar Two dollars Five dollars Ten dollars T w e n t y dollars Fiftv d o l l a r s . . . . One h u n d r e d dollars Five h u n d r e d dollars One t h o u s a n d d o l l a r s Five thousand dollars Ten t h o u s a n d dollars Total : U n k n o w n , destroyed Net 289,159,107 21,674,106 256,427,048 16,112,000 695,141,760 66,740,000 760,725,240 68,960,000 610,348,400 50,880,000 179,865,200 8,800,000 254,968,300 14,220,000 276,920,000 6,330,000 564,879,000 34,680,000 694,395,000 4,665,boo 50,970,000 1,582,680,000 1894. One dollar Two dollars .. F i v e dol lars Ten dollars.. Twentv dollars Fiftydollars. One h u n d r e d dollars 19,918,190 12,496,000 52,880,000 61,160,000 52,OSO, 000 5,460,000 20,160,000 309,072,297 267,928,048 748,021,760 821,885,240 662.428,400 185;825,200 275,128,300 21,800,049.op 15,547,696.00 71,764,275.00 78,449,100.00 47,945,620.00 7,551, 550. 00 11,892,000.00 270,909,166.70 239,739,946.80 573,765,906.50 591,938,354.00 470,877,820.00 152,868,385.00 209,611,830.00 38,163,180.30 28,188,101.20 174 255 853 50 229,946,886.00 191,550 580 00 32,456,815.00 65,516,470.00 211 TREASURER. N o . 35.- -AMOUNT OP UNITED STATES NOTES, TREASURY NOTES, AND GOLD, SILVER, AND .CURRENCY CERTIFICATES, ETC.—Continued. Denomination. 1864. Five hundred dollars.. One thousand dollars . Five thousand dollars. Ten thousand dollars.. Total Unknown, destroyed . Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding. $276,920,000 $5,818,000.00 $259,851,500.00 522,888,500.00 ;, 920,000 613,799,000 15,519,000.00 682,090,000.00 694, 685,000 5,925,000.00 290,000 i, 400,000 1,661,080,000 42,290,000.00 1,577,890,000.00 $17,068,500.00 90,910,500.00 12,595,000.00 88,190,000.00 351,759,190 ;, 516,268,245 319,002,290.00 '5,552,481,409.00 1,000,000.00 963,886,886.00 1,000,000.00 6,516,268,246 819,002,290.00 5,553,431,409.00 962,886,886.00 Net 1895. One dollar Two dollars Five dollars Ten dollars Twentv dollars Fiftydollars One hundred dollars . . ' Five hundred dollars . One thousand dollars . Five thousand dollars. Ten thousand dollars.. Total Unknown, destroyed . Net 334, 946,280 288, 171,048 822, 941,760 877, 325,240 698, 268,400 188, 180,200 278, 238,800 276, 920,000 634, 639,000 20,840,000 694, 755,000 70,000 67,610,000 1,728! 690,000 22,558, 462.00 298, 467,628.70 15,472, 123.00 255, 212,069.80 66,170, 215.00 689, 936,121.50 66,413, 790.00 658, 352,144.00 48, 807, 00 519, 185,120.00 160, 427, 035.00 7,558, 650.00 222, 163,230.00 12, 551,400.00 268, 055,500.00 3,204, 000.00 533, 206,500.00 10,818, 000.00 687, 020,000.00 4,930, 000.00 81,280, 000.00 1,659! 120,000. 00 41,477, 651.30 27,958, 978.20 188,005, 638.60 218,978, 096.00 179,083, 280.00 27,753, 165.00 56,075, 070.00 13,864, 500.00 101,432, 500. 00 7,785, 000.00 69,570, 000.00 301,805, 983 6,818,074,228 838,718,940.00 5,891,145,349.00 1,000,000.00 926,928,879.00 1,000,000.00 301,805,983 6,818,074,228 388,713,940.00 5,892,145,849.00 925,928,879.00 362, 880,160 24, 728,665.00 818, 196,293.70 299, 707,048 15, 582,650.00 270, 794,719.80 906, 081,760 71,643, 585.00 711, 579,706.50 957, 605,240 68,865, 490.00 727, 217,634.00 724, 988,400 -46,602, 580.00 565, 787,700.00 197, 540,200 8,144, 500:00 168, 571,535.00 00 296, 718,300 16,576, 238, 740,030.00 276, 920,000 14,750, 500.Ob 266, 167,000. 00 640, 779,000 552, 898,500.00 6,140,000 8,058, 000.00 696, 610,000 690, 875,000.00 1,855,000 3,855, 000.00 75,810,000 1,804,500,000 99,370, 000.00 1,758,490,OOb. 00 44,183 30 28,912: 328.20 194,502; 053.50 230,887, 606.00 159,200, 700.00 28,968, 665.00 57,978, 270.00 10,753, 000.00 87,880, 500.00 6,235, 000.00 46,010, 000.00 25,872,988 15,248,000 74,920,000 55,440,000 85,840,000 2,855,000 3,110,000 1896. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fiftydollars One hundred dollars.. Five hundred dollars.. One thousand dollars.. !Five thousand dollars. Ten thousand dollars.. 27,434,880 16,536,000 88,140,000 80,280,000 26,720,000 9,360,000 18, 480,000 377,672,770.00 6,268,818,119.00 1,000,000.00 895,Oil, 989.00 1,000,000.00 345,755,880 7,163,830,108 377,672,770. 00 6,269,818,119.00 894,Oil, 989.00 One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars . . Five hundred dollars.. One thousand dollars.. Five thousand dollars. Ten thousand dollars.. 29,280,000 391 660,160 17,368,000 317, 075,048 73,440,000 979, 521,760 64, 680,000 1,022, 285,240 85,210,000 760, 198,400 10,800,000 208, 340,200 15,450,000 312, 168,300 11,100,000 288, 020,000 11,420,000 652 199,000 1,390,000 698, 000,000 104,710,000 1, 909:210,000 27,540, 974.00 845, 737,267.70 16,378, 326.00 287, 173,045.80 72,555, 727. 00 784, 135,433.50 67,398, 719. 00 794, 611,353.00 39,671, 124.00 605, 458,824.00 6,721,450.00 176, 292,985.00 18,154, 700.00 251, 894,730.00 2,068, 000.00 268, 235,000.00 7,276, 000.00 560, 174,600.00 850, 000.00 691, 225,000.00 77,100, 000.00 1,885, 590,000. 00 45, 922,892.30 29,902, 002.20 ;.95,886; 826.50 227,673, 887.00 154,739, 576.00 33,047, 215.00 60,273, 570.00 19,785, 000.00 92,024, 500.00 e, lib, 000.00 73, 620,000.00 Total Unknown, destroyed. 874,848,000 8,678,108 330,710,020.00 6,699,528,139.00 1,000,000.00 939,149,969.00 1,000,000.00 374,848,000 7,588,678,108 830,710,020.00 6,600,528,139.00 938,149,969.00 374 804,937.70 936,000 428, 596,160 28,567, 670.00 308, 840,275.80 448,000 335, 528,048 16,667, 230.00 850, 969,268.50 700,000 ll, 055,221, 760 66,833 .00 560,000 ll, ""845,240 58,401 800. 00 853, 018,153.00 637, 863,834.00 440,000 801; 638,400 82,404, 610.00 180, 856,360.00 221, 440,200 100,000 5,563, 375.00 275, 864,830.00 250,000 316, 418,300 23,970, 100.00 269 500.00 800,ObO 288, 820,000 1,646, 500.00 575, 081,500.00 288,000 657; 487,000 14,907, 000.00 691, 980,000.00 55,000 698, 055,000 755, 000.00 58,100,000 1,962, 310,000 88,640, 000.00 jl, 924,280,000.00 49,291, 222.30 31,c682,772.20 204,252, 491.50 235,832, 087.00 163,775, 066.00 40,588, 840.00 40,553, 470:00 18,938, 500.00 82,405, 500. 00 6,075, 000.00 38,080, 000.00 Total Unknown, destroyed. Net 345,755,880 7,163,830,1 1897. OnedoUar Two dollars Five dollars , Ten dollars. Twenty dollars Fiftydollars One hundred dollars . . Five hundred dollars.. Onethousand dollars.. Five thousand dollars. Ten thousand dollars.. Total Unknown, destroyed. ^^et..-, 310,677,000 ,849,355,108 338,357,020.00 6,937,885,159.00 I 1,000,000.00 911,469,949.00 1,000,000.00 310,677,000 7,849,356,108 338,357,020.00 6,938,885,159.00 910,469,949.00 212 No. REPORT ON THE FINANCES. 3 5 . — A M O U N T OF UNITED STATES NOTES, TREASURY NOTES, AND GOLD, SILVER, AND CURRENCY CERTIFICATES, ETC.—Continued. Denomination. 1899. One dollar Two dollars Five dollars Ten dollars Twenty dollars. Fiftydollars.. . One h u n d r e d dollars Five h u n d r e d dollars One t h o u s a n d dollars Five t h o u s a n d dollars Ten t h o u s a n d dollars Total U n k n o w n destroyed Net I s s u e d d u r - T o t a l issued. R e d e e m e d d u r i n g year. ing year. Total redeemed. Outstanding. 405,949,573.70 81, 644,636.00 821,944,902.80 18,104,627.00 72,595,547.00 928, 564, 815. 50 62,825,155.00 915,338,308.00 673,178,174.00 35,314,840.00 190,185,285.00 9,328,925.00 284,732, 930.00 8,868,100.00 5,844,500.00 275,226,000.00 27,887,000.00 602, 918, 500.00 692,825,000.00 845, 000.00 87,600,000.00 1,961,830,000.00 65,514,686.80 83, 946,145. 20 218,356,944.50 246,226,932.00 173,340,226.00 89,254,915.00 34,485,370.00 15,694,000.00 54,608,500,00 5,230,000.00 31,280,000.00 801,276,000 8,150,681,108 309,808,330.00 7,247,698,489.00 1,000,000.00 902,937, 619.00 1,000,000.00 801,276,000 8,150,631,108 309,808, 830.00 7,248,693,489.00 901,937,619.00 440,067,905. 70 34,118, 332. 00 340,765,904.80 18,821,002.00 998,767,325.50 75,202,510.00 980,291,988.00 64,953,680.00 713,585, 924.00 40,407,750.00 204,475, 585.00 14,290,300.00 299,776,530.00 15,043,600.00 278,396,250.00 3,170,250.00 621,338,500. 00 18,415,000.00 696,460,000.00 3,635,000.00 39,200,000.00 2,001,030,000.00 59,812,254.30 37,709,148.20 218,214,434.50 260,233,252.00 205,962,476.00 49,864,615.00 49,201,770.00 20,873,750.00 76,288,500.00 25,510,000.00 67,610,000.-00 461,464,160 87,868,000 855,891,048 20,868,000 81,700,000 1,186,921,760 72,720,000 1,161,565,240 44,880,000 846,518,400 8, (WO, 000 229,440,200 2,800,000 319,218,300 2,100,000 290,920,000 . 40,000 657,527,000 698,055,000 30,800,000 1, 998,110,000 1900. One dollar Two dollars . Five dollars r... Ten dollars T w e n t y dollars Fiftydollars One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars..... Ten thousand dollars Total U n k n o w n , destroyed 38,416,000 499,880,160 22,584,000 378,476,018 80,060,000 1,216,981,760 78,960,000 1,240,525,240 73,030,000 919,548,400 24,900, boo 254,340,200 29,760,000 348,978,300 8,350,000 299,270,000 40,040,000 697,567,000 23,915,000 721,970,000 75,530, 000 2,068,640,000 495,545,000 8,646,176,108 327,257,424.00 7,574,950,913.00 1,071,225,195.00 1,000,000.00 1,000,000.00 495,545,000 8,646,176,108 327,257,424.00 7,575,950,913.00 1,070,225,195. CO Net 1901. , One dollar Two dollars F i v e dol l a r s Ten dollars I'wenty dollars. Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One t h o u s a n d dollars Five thousand dollars Ten thousand dollars 45,288,000 546,168,160 25,464,000 403,939,048 118,420,000 1,880,401,760 79,960,000 1,820,485,240 47,360,000 966,908,400 4,100,000 258,440,200 11,100,000 360,078,300 304,470,000 5,200,000 12,900,000 .710,467,000 726,970,000 5,000,000 57,310,000 2,125,950,000 Total U n k n o w n , destroyed 407,102,000 9,053,278,108 358,891,490.00 7,938,842,403.00 1,119,435,705.00 1 nnn nnn an 1,000 000.00 481,587,098.70 41,519,198.00 868,751,816.80 22,985,412.00 87,995,285.00 1,086,762,610.50 80,528,800.00 1,060,820,788.00 760,982,824.00 47,396,900.00 216,589,485.00 12; 113,900.00 309,109,530.00 9,838,000.00 3,099,000.00 281,495,250.00 15,000,000.00 636,333,500.00 1,760,000. 00 698,220,000.00 37,160,000.00 2,038,190,000.00 63,581,061.30 40,187,781.20 243,639,149.50 259,664,452.00 205,925,576.00 41,850,715.00 50,968,770.00 22,974,750.00 74,133; 500.00 28,750,000. 00 87,760,000.00 407,102,000 9,053,278,108 358,801,490.00 7,934,842,403.00 1,118,435,705.00 Net 1902. One dollar Two dollars F i v e dollars* Ten dollars. . T w e n t y dollars Fifty d o l l a r s One h u n d r e d dollars F i v e h u n d r e d dollars One t h o u s a n d dollars Five t h o u s a n d dollars Ten thousand dollars 59,676,000 31,072,000 41,800,000 104,080,000 147,840,000 8,800,000 12,400,000 4,700,000 11,800,000 2,000,000 42,740,000 Total^ Unknown, destroyed 466,908,000 9,520,186,108 408,083,600.00 8,841,926,003.00 1,178,260,105.00 1,000, 000.00 1,000,000.00 Net 634.044,600. 70 604,844,160 52,457,502.00 392,619,759.80 435, Oil, 048 28,868,443.00 1,472,201,760 112,494,045. 00 1,199, 256,655.50 1,424,565,240 86,417,220.00 1,147,238,008.00 806,981,81.4.00 1,014,748,400 45,998,990.00 226,297,885.00 267,240,200 9,708,350.00 319,610,830.00 372,478,300 10,500,800.00 287,097,500.00 309,170,000 5,602,250.00 650,089,500.00 722,267,000 13,766,000.00 698,960,000.00 728,970,000 740,000.00 2,168,690,000 41,540,000.00 2,079,780,000.00 70,799,559.30 42,391,288.20 272,945,104.60 277 327 232 00 207,766,586. 00 40,942,365.00 52,867,970. 00 22,072,500. 00 72,177,500.00 30,010,000. 00 88,960,000.00 466,908,000 9,520,186,108 408,083,600.00 8,342, 926,003.00 1 177 260 105.00 213 TREASURER. No. 3 6 . — A M O U N T OF P A P E R CURRENCY OF EACH DENOMINATION • T H E CLOSE O F E A C H F I S C A L Y E A R P R O M 1890. Denomination. Legal-tender notes. Certificates. OUTSTANDING AT National-bank notes. Total. 1890. One dollar Two dollars Fivedollars Ten dollars Twenty dollars Fiftydollars One hundred dollars... Five hundred dollars.. One thousand dollars.. Five thousand dollars . Ten thousand dollars.. $3,292,858 2,872,879 57,730,384 90,410,800 111,486,350 21,462,400 32,524,350 11,328,500 16,588,000 25,000 10,000 $31,134,482 22,557,760 102,127,157 111,471,016 38,234,880 12,298.065 16,402,420 11,595,000 28,232,500 34,850,000 67,580,000 $371,488 185,810 52,014,270 59,544,070 45,516,840 10,276,900 17,571,600 192,500 50,000 $34,798,328 25,615,949 211,871,811 261,425,886 195,237,520 44,037,865 66,498,370 23,116,000 89,820,500 84,875,000 67,590,000 Total Unknown, destroyed . . 847,681,016 1,000,000 471,482,730 185,722,978 1,004,886,724 1,000,000 185,722,978 1,008,886,724 Net 346,681,016 1891. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars . . Five hundred dolla.rs.. One thousand dollars.. Five thousand dollars . Ten thousand dollars.. 6 906,650 6,456,974 67,623,174 108,633,085 122,185,050 18,843,550 35,432,950 9,378,000 22,476,000 15,000 10,000 29,065,208 19,233,505 110,069,725 110,584,531 42,628,010 14,818,615 19,218,520 13,828,000 23,685,500 27,000,000 81,380,000 867,071 181,750 47,567,685 58,113,900 40,914,000 9,167,800 16,020,200 176,500 42,000 36,388,929 25,872,229 225,260,584 272,881,516 205,672.060 42,329.965 70,671,670 28,382,500 46,202,500 27,015,000 81,340,000 Total Unknown, destroyed . . 397,909,433 1,000,000 490,956,614 167,550,906 1,056,416,958 1,000,000 896,909,438 490,956,614 167,550,906 1,055,416,963 One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars . . Five hundred dollars.. One thousand dollars.. Five thousand dollars. Ten thousand dollars.. 10,824,080 11,757,488 84,840,804 123,324,885 124,181,780 16,870,150 36,138,050 12,519,500 29,412,000 15,000 10,000 27,811,775 17,129,837 102,481,715 110,590,751 56,183,770 18,822,765 26,682,620 11,040,500 21,669,500 31,100,000 95,820,000 368,887 178,978 49,690,990 54,547,000 41,814, 900 9,256,300 Ig,850,800 161,000 37,000 37,999,192 29,066,303 236,963,609 288,462,086 221,680,400 44,- 949,215 79,620,970 28,721,000 51,018,500 31,115,000 95,880,000 'Total Unknown, destroyed . . 449,393,087 1,000,000 518,633,288 172,399,855 1,140,426,175 1,000,000 448,393,087 518,638,283 172,399,855 1,189,426,175 One dollar Two dollars Five dollars Ten dollars.-. Twenty dollars Fifty dollars One hundred dollars... Five hundred dollars., One thousand dollars.. Five thousand dollars . Ten thousand dollars. 16,695,156 16,212,098 99,138, 324 135,022,245 121,815,370 15,288,000 31,086,650 16,245,500 44,898,000 15,000 10,000 22,854,888 16,022,699 94,001,805 107,213,741 65,600,830 19,815,865 26,161,920 6,641,000 18,111,500 18,215,000 47,070,000 859,590 176,102 61,354,355 56,998,170 42,550,880 9,318,700 17,414,100 146,000 33,000 Total.... Unknown, destroyed . 494,871,243 1,000,000 486,208,693 178,850,397 1,109,430,833 1,000,000 493,871,248 486,208,693 178,350,397 1,108,480,333 15,881,901 12,816,728 86,603,969 125,335,175 116,286,410 15,182,300 85,617,950 22,281,229 15,366,373 87,651,885 104,611,711 76,314,170 17,274,515 29,898,620 357,050 174,282 61,510,485 66,006,800 48,685,820 10,274,550 19,680,800 • 88,520,180 28,367,883 235,766,339 295,953,686 240,285,900 42,731,365 86,197,270 Net '.. 1892. Net 1893. . Net 1894. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars : One hundred dollars.. 89,909,579 31,410,899 244,494,484. 299,284,156 229,966,580 43,867,065 74,662,570 23,032, 500 57,542,500 18,280,000 47,080,000 214 No. REPORT ON T H E FINANCES. 3 6 . — A M O U N T OF PAPER CURRENCY OF EACH DENOMINATION OUTSTANDING' AT THE CLOSE OF EACH FiscAL YEAR PROM 1890—Continued. Legal-tender notes. Denomination. . 1894. Fivt hundred dollars One thousand dollars Five thousand dollars Teii thousand dollars Certificates. National-bank . notes. Total. $12,089,000 81,527,000 16,000 10,000 $5,029,500 9,888,500 12,580,000 83,180,000 $133,500 82,000 $17,202,000 90,942,500 12,595,000 88,190,000 500,266,438 1,000,000 463,571,403 206,854,787 1,170,691,628 1,000,000 499,265,488 468,671,408 206,854,787 1,169,691,623 27,241,706 16,667,051 88,262,710 98,343,601 78,403,810 14,559,665 24,568,420 4,687,000 8,245,500 7,720,000 69,560,000 354,573 172,254 64,369,860 66,408,266 48, 960,824 10,527,650 20,437,500 127,000 29,000 498,769,416 1', 000,000 483,169,463 211,886, 927 1,188,315,806 1,000,000 492,769,416 483,169,463 211,386,927 1,137,315,806 One dollar . Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars •...• One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dollars 14,743,496 13,124,121 100,627,084 124,489,825 91,555,470 13,756,250 81,234,550 6,715,000 81,244,000 15,000 10,000 29,440,370 . 15,788,207 98,974,970 105,948,281 67,645,230 15,212,415 26,743, 720 4,038,000 6,636,600 6,220,000 46,000,000 353,392 171,238 70,959,180 69,228.410 51,447,180 11,137,100 22,085,700 122, 000 28,000 44,'587,258 29,083,566 265,461,184 299,611,016 210,647,880 40,105, 765 80,063,970 10,875,000 87,908,500 6,235,000 46,010,000 Total Unknown, destroyed 477,364,296 1,000,000 417,647,693 225,527,150 1,120,539,139 1,000,000 476,364,296 417,647,693 226,527,150 1,119,539,139 14,858,688 11,779,828 92,650,092 114,381,361 82,580,952 15.224,676 27, 797,200 1.6,103,000 87,148,000 15,000 10,OQO 81,064,204 18,122, 674 101,786,235 118,292,526 72,158,624 17,822,640 32,476, 370 3,682,000 6,876,500 6,760,000 78,610,000 351,032 169,398 73,098,425 71,329,940 52,828,640 10,898,900 21,828,200 115,500 28,000 46,273,924 30,071,400 267,479,752 299,003,827 207,568,216 43,941,116 82,101,770 19,900,500 98,052,500 6,775,000 73,620,000 462,548,296 1,000,000 476,601, 673 230,638,085 1,169,788,004 1,000 000 461,548,296 476,601,673 280,688,085 1,168,788,004 18,889,283 12,906,958 94,875,142 110,258, 621 77,957,542 15,088,250 27,425,000 15,861,500 76,606,000 16,000 10,000 80,901,939 18,775,814 109,877,350 125,573,466 85,817,524 25,500,590 13,128,470 3,577,000 6,799,500 6,060,000 38,070,000 349,640 168,508 71,416,125 .70,538,310 52,745,120 10,749,150 21,763,100 111,500 28,000 49,640,862 31,851,280 275,668,617 806,370, 397 216,520,186 51,832,990 62,316,570 19,050,000 82,488,500 6,075,000 88,080,000 448,888,296 1,000,000 462,681,653 227,869,458 1,189, 339,402 I,000,000 447,888,296 462,581,653 227,869,458 1,138,889,402 , Total Unknown destroyed Net 1895. One dollar Two dollars Fivedollars . Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Five thousand dollars Ten thousand dollars . 14.235,945 11,291,927 94,742,929 120,629,495 105,679,470 18,193, 500 81,506,650 9, 277,500 98,187,000 15,000 10,000 . . . . Total Unknown, destroyed Net • 41,832,224 28,181,232 247,375,499 286,381,362 228,044,104 88,280,815 76,512,570 18,991,500 101,461,500 7,735,000 69,570,000 1896. Net 1897. One dollar Two dollars Fivedollars . . . Ten dollars Twenty dollars Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dollars Total Unknown, destroyed . . . • Net 1898. One dollar Two dollars b'ive d o l l a r s Ten d o l l a r s T w e n t y dollars Fiftv d o l l a r s . . One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dollars Total U n k n o w n , destroyed Net .. .. 215 TREASURER. N o . 3 6 . - - AMOUNT OP P A P E R CURRENCY OF E A C H DENOMINATION OUTSTANDING AT THE CLOSE OF EACH FiSCAL Y^EAR PROM 1890—ContillUed. Legal-tender. notes. Certificates. 1899. One dollar Two dollars : Fivedollars Ten dollars Tvventy d o l l a r s Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dollars $14,772,855 10,958,726 106,461,792 120,114,061 88,156,312 13,750,450 25,586,100 12,296,000 49,088,000 15,000 10,000 $40,741,731 22,992,419 106,895,153 -126,112,871 85,183,914 25,504,465 8,899,270 3, 398,000 5,525,500 5,215,000 81,280,000 $348,721 167,876 78,799,985 75,408,810 66,379,280 11,548,400 28,540,200 108,000 28,000 $55,863,307 84,114,021 287,156,980 821,680,742 229 719 506 50,798,815 58,025,570 15,802,000 54,636,500 5,230,000 81,290,000 Total U n k n o w n , destroyed 441,199,296 1,000,000 461,748,323 241,319,272 1,144,266,891 1,000,000 440,199,296 461,748,323- 241,819,272 1,143,266,891 7,590,217 6,870,459 104,209,462 127,175,901 85,554,002 13,683,475 24,315,250 10,835,250 48,449,000 15,000 10,000 52,222,039 30,838,683 114,004,972 183,057,351 120,408,474 86,181,140 24,886,520 . 10,038,500 32,784,600 25,495,000 67,600,000 347,945 167,244 74,589,555 108,727,480 78,552,820 15,522,050 31,618,000 105,500 27,000 60,160,201 87,876,886 292,753,989 368,960,682 284,515,296 65,886,665 80,819,770 20 979 250 76,260,500 25,510,000 67,610,000 423,708,016 1,000,000 647,517,179 809,607,544 1,880,832,739 1,000,000 422,708,016 647,517,179 309,607,544 1,379,832,739 4,225,281 3,688,200 67,930,257 154,062,611 76,708,742 12,455,025 23,587,650 12,390,250 40,896,000 10,000 10,000 59,855,780 36,499,532 175,708,892 105,601,841 --, 129,216,834 29,895,690 27,381,120 10,584,500 33,737,500 28,740,000 87,750,000 347,101 166,782 61,568,685 189,798,620 101,212,700 16,568,400 33,924,400 101,500 25,000 68,928,162 40,354,514 305,207,884 399,458,072 307,188,276 58,419,115 84,898,170 23,076,250 74,158,500 28,750,000 87,760,000 895,464,016 1,000,000 728,971,689 858,708,188 1,473,148,893 1,000,000 394,464,016 728,971,689 853,708,188 1,472,143,893 One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty d o l l a r s One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dollars 3,105,365 2,514, Oil 89,316,892 206,143,121 59,136,852 9,668,225 18,677,050 9,258,500 29,841,000 10,000 10,000 67,694,194 89,877,278 238,628,212 71,184,111 148,629,784 31,'274,140 34,190,920 12,814,000 42,886,500 80,000,000 88,960,000 846,871 166,170 54,620,050 143,883,870 107,488,120 16,241,000 33,768,300 98,500 25,000 71,145,930 42,557,459 327,565,154 421,210,602 815,254,706 57,183,365 86,686,270 22,171,000 72,202,600 80,010,000 88,960,000 Total Unknown, destroyed . 377,681,016 1,000,000 800,579,089 856,686,881 1,534,896,986 1,000,000 376,681,016 800,679,089 356,636,881 1,583,896,986 Denomination. Net • National-bank notes. Total. 1900. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty d o l l a r s . One h u n d r e d dollars. . Five h u n d r e d dollars One thousand dollars Five thousand dollars Ten thousand dollars . -. . " . Total .. U n k n o w n , destroyed Net 1901. O n e d o l l a r '.. Two dollars Fivedollars Ten dollars Twenty dollars Fifty dollars One h u n d r e d dollars Five h u n d r e d dollars One thousand dollars Five thousand dollars T e n thousand dollars Total U n k n o w n , destroyed Net . . 1902. Net • . 216 No. REPORT 1890 1891 1892. 1898 1894 1895 1896 1897 1898 1899. 1900 1901 1902 Issued during year. 1 1 1 ! • ' • . .1 1 1 ... Total issued. $60,080,000 60,080,000 60,030,000 60,030,000 60,080,000 60,030,000 60,030,000 60,080,000 60,080,000 60,030, 000 60,030,000 60,030,000 60,030,000 . No. FUSTxilSTCES. Redeemed during year. $410.00 385.00 800.00 '566." 66' 850.00 150.00 Total redeemed. Outstanding. $56,032,50 55,647.50 • 55,647.50 55,647.50 54,847.50 54,847.50 54,347.50 54,347,50 53,997.50 53,847.50 53,847.50 53,847.50 53,847. 50 $59,973,967.50 59,974,352.50 59,974,352.50 59.974,352.50 59.975,152. 50 59,975,152.-60 59,975,652.50 59.975,652:50 59,970,002.50 59.976,152.50 59,976,152.50 59,976,152.50 59,976,152.50 3 § . - -FRACTIONAL CURRENCY ISSUED, R E D E E M E D , AND OUTSTANDING CLOSE O P E A C H F I S C A L Y E A R F R O M 1890. Fiscal year. 1890 1891 . 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 Issued d u r i n g year. . :-. * • 39.—UNITED 1890 1891 1892 1893 1894 1895'. 1896 1897 1898 1899 1900 1901. . . 1902 :.,.. . . . Fiscal year. . . . . • Total issued. $368,724,079,45 308,724,079.45 368,724,079.45 868,724,079.46 868,724,079.45 368,724,079.45 868,724,079.45 868,724,079.45 368,724,079.45 368,724,079.45 368,724,079.45 368,724,079.45 368,724,079.45 $56,032.50 55,647.50 55,647.50 55,647.50 54,847; 60 54,847.50 54,347.50 54,347.60 58,997.50 63,847.50 53,847.50 53,847.50 63., 847.60 United States notes. $846,681,016.00 846, 681,016.00 346,681,016.00 346,681,016.00 846,681,016.00 346,681,016.00 346,681,016.00 846,681,016.00 846,681,016.00 846,681,016.00 346,681,016.00 346,681,016.00 346,681,016.00 Gold certificates.. S i l v e r certificates. $157,542,979.00 152,461,429.00 156,598,929.00 92,846,189.00 66,387,899.00 48,469,959.00 42,818.189. 00 88,782,169.00 37,420,149.00 84,297,819.00 227,797,179.00 288,957,689.00 846,582,089.00 $301,589,751.00 814,715,185.00 331,614,304.00 880,957,504.00 837,148,504.00 328,894,504.00 842,619,604.00 375,479,604.00 898,556,504.00 406,085,504.00 416,015,000.00 435,014,000.00 453,997,000.00 Redeemed during year. Total redeemed. $5,179.50 $353,436,680.15 3,831.37 358,440,461.52 4,216. 98 853,444,678.50 2,958.00 358,447,636.50 3,367.20 353,451,003.70 8,019.93 .353,454,023.63 2,933.35 353,456,956.98 3,482.00 853,460,438.98 2,950.00 353,468,388.98 3,343.48 363,466,782.46 2,418.25 353,469,150.71 2,578.78 853,471,729.49 8,088,00 353,474,817.49 AT T H E Outstanding. $15,287,449.30 15,288 617.98 15,279,400.95 15,276 442.95 15,273,075.75 15,270 055.82 15,267,122.47 15,268,640.47 15,260,690.47 15,257,346.99 15,254,928.74 15 252 849 96 J5,249,261.96 S T A T E S P A P E R C U R R E N C Y O U T S T A N D I N G A T T H E CLOSE O F E A C H F I S C A L Y E A R F R O M 1890. Old d e m a n d notes. Fiscal year. 1890 1891. 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 THE 3 7 . — O L D D E M A N D N O T E S I S S U E D , R E D I S E M E D , A N D O U T S T A N D I N G A T T H E CLOSE OF E A C H F I S C A L Y E A R PROM 1890. Fiscal year. No. ON T r e a s u r y n o t e s Fractional curof 1890. rency. $50,228,417.00 101,712,071.00 147,190,227.00 152,584,417.00 146,088,400.00 129,683, 280.00 114,867,280.00 101,207,280.00 93,518,280.00 76,027,000.00 47,783, 000.00 30,000,000. 00 $15,287,449.30 15,288,617. 93 15,279,400. 95 15.276.442.95 15,278,075.75 15,270,055.82 15,267,122.47 15,263,640.47 15,260,690.47 15,257,346.99 15,254,928.74 15.252.849.96 15,249,26L96 C u r r e n c y certifiT o t a l certificates. cates. $12,390,000.00 23,780,000.00 30,420,000.00 12,405,000.00 60,035, 000.00 55,795, 000.00 32,210,000.00 62,340,000.00 26,605,000.00 21,355,000.00 3,705,000.00 Total notes. $362 024 497 80 412,248,698.43 463,728 185.45 509,203,333.45 514 593 856 25 508,094,819.82 491,685,765.97 476,866,283.97 468,202,983.97 455 510 490.49 438,016,792.24 409,770 213.46 391,984,125,46 Grand total. $471,472,730.00 $833,497,227.80 490, 956, 614.00 908, 205,312.43 518, 638,283:00 982 361 368 45 436,208,693.00 945,412,026.45 463,671,403.00 978,164,759.25 433,159,463.00 941,258,782.32 417,647,698.00 909 333 458 97 476,601,673. 00 953,467,956.97 462,581,658.00 925,784,636. 97 461,738,323.00 917,248, 813.49 647,517,179.00 1,085,533,971.24 723,971,689.00 1,138 741 902 46 800,579,089.00 1,192, 563, 204.46 217 TREASaHER. No. 4 0 . — E S T I M A T E D STOCK OF GOLD COIN AND BULLION MONTH PROM JANUARY, 1890. AT THE END OP EACH Bullion. 1890—January . . . February.. March April May .Tune July August September. October November. December . 1891—January . . . February.. March April May June July., August September. October . . . November. December . 1892—January . . . February.. . March April May Jun'e July....... August September. October " November. December. 1893—January . . . February.. March April May June July August September. October— November, December . 1894—January . . . February.. March April May June July :. August Septeinber. October November, December . 1895—January . . , February., March April May •.., June July August September, October November December. 1896—January . . February . March April May , June July August ... September $624, 900,483 625, 967,229 627, 406,793 627, 923,705 629, 030,714 630, 012,881 629, 512,155 681, 801,689 688, 118,735 634, 012,338 635, 219,259 637, 301,201 639, 384,021 642, 222,173 641, 218,653 629, 636,405 600, 591,691 584, 524,184 581, 721,468 582, 227.566 686, 964,320 596, 386,272 599, 344,091 604, 638,241 606, 287,197 606, 661,364 606, 564,810 601, 527,222 602, 485,287 589, 509,061 581, 129,982 . 577, 737,991 576, 074,815 577, 387,444 577, 983.121 569, 633,412 559, 063.122 647, 655,038 546, 673,424 532, 613,105 523, 592,686 513, 743,623 520, 273.567 547, 516,035 556, 479,232 664, 788,578 576, 269,517 582, 227,095 592, 848,285 608, 860,188 612, 325,385 614, 370,723 596, 799,262 584, 479,113 572, 975,589 574, 352,118 579, 728,587 58li 597,841 588, 884,589 677, 880,396 657; 532,641 562, 638,658 567, 592,416 578! 065,665 578! 036,041 579; 422,971 68O: 481,167 568! 990,037 556, 100,818 564: 132,920 564, 229,183 568: 106,939 583: 488.105 168.106 743,803 689, 820,494 574, 520,722 567, 931,823 664, 665,228 570, 557,088 600, ,644,227 080,287 138,726 443,489 ^65,628 548,'"895 996,474 138,864 471,618 907,459 855,395 642,518 799,610 624,860 862,654 685,416 859.416 401,672 067,744 736,957 262,257 348,775 158,836 430.504 212,689 299,689 275,529 194,377 712,183 953,512 836,385 628,598 960,115 055,422 126,222 988,208 697,350 452,478 835,048 508,760 529,774 871,868 345,510 450.336 378.505 101, 026,648 96: 657,278 90, 910,622 84, 679,495 77: 175,275 70, 482,992 232,616 716,468 067,706 612,311 050,824 941.337 068.417 197,435 806,066 727,834 010,546 527,722 387,979 044,014 425,867 746,018 651;509 208,542 340,757 409,512 590,866 820,315 467,988 821,484 054,668 861,621 662,860 217,024 640,94l 264,086 998,574 Total. 692, 693, 695, 696, 696 691, 689; 693 694, 698, 704 707: 705, 700, 689 661 646: 644; 647 653: 670, 877, 686: 690; 689, 687, 681 68O; 664, 657 658; 652, 655, 657 65i; 640, 627 626, 613, 604, 592, 603, 645; 657, 661, 666: 666: 670: 674: 672, 668: 644, 629, 620: 618; 628 625; 630, 625; 603 607 618; 623, 631 636; 641, 629, 613, 618, 609, 597, 598, 612, 617, 622, 607, 600, 595, 6O3: 64i: 770 955 282 338 609 806 019 807. 194 783 777 811 881 827 069 821 368 928 426 828 095 108 595 930 886 893 687 405 749 446 580 106 287 666 329 762 600 ' 086 184 879 554 183 903 540 880 851 189 590 510 180 001 191 968 424 413 455 004 276 665 730 187 380 895 679 408 989 676 579 bib 482 049 254 043 590 966 115 582 847 169 169 801 218 REPORT ON T H E FINANCES. N o . 4 0 . - -EsTiMATED STOCK OP GOLD COIN AND BULLION AT T H E E N D O P EACH MONTH FROM JANUARY, 1890^—Continued. Month. 1896-October November December 1897—January February . : March April May June July August September October November December 1898—January February March April May June July August September October November December 1899—January February March April May June July August September October November December 1900—January Februarv March..' April May June July August September October November December 1901—January February March April May June July August September October November December 1902—January February March April May June July August September October Coin. ;: ., .: • '. .•: $624,047, 634,287, 688,381, 645,568, 656,672, 669,114; 675,298, 675, 671,676, 668,189: 671,852, 682,437, 692,691. 696,460, 699,478, 702,851 705,494 729,385, 750,657, 760,274 765,785. 771,089' 778,894 785,041 791,647 797,428. 807,451, 824,493, 839, Oil 851; 601 859,232; - 863,741 855,583 852,445: 862,919, 867, J 875,450, 876,323 871,532, 881,696, 894,193, 906,576: 918,606 924,665: 923,658, 929,775: 932,926; 934,515, 987,541 949,603. 957,420, - 969,772, 978,847 984,896, 1,003,443, 1,012,486, 1,015,717, 1,019,741, 1,024, 722, 1,029,226, 1,034, 964, 1,039, 965, 1,050,488, 1,057,145, 1,063,643, 1,068,358. 1,067,066, 1,067,002, 1,068,311 1,067,034; 1,074, i 1,080,110, 1,082,156 Bullion. $47, 51 54: 52; 46, 37: 32; 26, 25, 28: 31' 617,828 969,827 565,385 286,759 849,625 254,294 786,057 539,659 547,082 •929,752 230, 355 223,294 969,525 123,368 559,060 465,077 454.816 647,258 671,535 998, 864 049, 765 99, 294,921 105, 175,997 116, 299,578 183, 423,574 188, 502,545 142, 074,889 134; 186,534. 127, 385,067 121 560,849 120, 829,945 121 742,358 119, 870.884 125, 658,786 127, 460,201 131: 780,392 139: 017,060 141: 809,806 144, 476,988 141, 246,781 I8I: 632,009 • 127:627.817 124: 919,092 116; 965,713 112 878,183 123 743.885 116: 421,005 124: 773,696 142: 485,812 149: 581,275 i5i: 121,714 142; 655,026 138, 185, 647 139; 261,556 125, 823,690 111, 252,480 109, 012,031 116, 229,165 123; 113,151 131 127,604 139; 919,488 181, 874,637 125, 683,446 124, 133,899 114, 387,642 116, 182,087 116, 586,588 117 586, 681 124; 282,805 126, 890,672 128, 673,081 135, 124,588 148, 516,022 Total. $671, 664,812 686, 256,984 692, 947,212 697, 855,251 702; 521, 724 706, 868,660 708, 084,485 701: 929,814 697: 228,332 697; 118,880 703; 082,728 712, 660,417 729, 661,210 738; 584,008 745, 087,596 752, 816,476 757, 948,853 793, 033,076 834, 228,646 857: 273,145 863: 784,929 87o: 884,447 884: 070,660 901, 341,264 925; 070,799 935, 930,605 949: 526,013 958; 679,680 966, 896,746 973, 162,297 980, 062.696 985, 488,605 975, 453,939 978, 104,707 990, 380,153 999, 563,505 ,014, 468,049 , 018,138,208 ,016, 009,857 , 022,948,682 , 025,825,162 , 034,208,613 ,043, 525,117 ,, 041,531,874 ,b36; 081.645 , 053,518,898 , 049,347,994 ,059, 288,820 ,080, 027,407 ,099, 184,996 ,108, 541,829 , 112,427,728 ., 117,032,760 , 124,157.697 , 129,267.646 , 123,738,871 ., 124,729,261 , 135,970,556 , 147,836,145 , ISO,353,790 , 174,883,624 ., 171,889,976 ,176, 172,158 ,, 181,279,087 , 178,031,493 ,, 178,540,790 ,183, 652,727 ,184, 588,889 ,192, 594, 589 , 193,925,457 , 203,511,751 , 215,234,885 , 230,672,772 219 TEEASUREE. N o . 41.—ESTIMATED STOCK OF SILVER COIN JANUARY, AT THE END OF EACH MONTH, PROM 1890. [Standard dollars held against Treasury notes are not included.] Month. 1890—January February... March April May June July August September.. October November.. December .. 1891—January February ... March ... April May Julie July August September.. October November.. December .. 1892—January February... March April May June July August September.. October November.. December .. 1898—January February... March April May June July August September.. October November.. December .. 1894—January — February... March April May . : June..'. July August September. October November. December . 1895—January February.. March April May . June July August September. October— November. December. 1896—January... February.. March..'... April May June Julv Standard dollars. 938,001 856, 426,001 360, 026,266 363, 626,266 366, 526,266 369, 426,266 371, 726,266 372, 998,266 373, 737,379 377, 224,642 377, 726,715 877, 726,760 377, 726,760 377, 789,984 380, 279,328 833,897 799,544 867,428 605,803 675,098 301,606 065,514 277,009 693,221 727,731 738,684 025,265 105,265 105,265 490,265 561,374 661,374 888, 661,374 ,661,374 ,661,374 ,236,624 286,524 436,524 389, 736,844 389, 886,844 886,844 886,844 389, 936,844 391 210,111 391; 801,268 392, 395,200 392, 695,785 892, 931,029 893, 018,044 893: 089,789 393; 190,477 893, 277,722 398, 411,052 398, 506,377 893, 642,681 '894, 072,725 894, 782,776 895, 251,475 395, 821,759 896, 023,041 896, 126,189 396, 172,573 396, 782,755 397, 529,878 899, 103,651 401, 059,531 401, 800,701 402, 795,701 403, 624,701 406, 198,701 407, 707,701 409, 519,701 409, 966,701 410,;571,701 411 647,584 414,;960,483 417, 199,922 419, 472,459 421 275,437 Subsidiary silver. Total. $76,708, 644 $429,646,645 76,708,892 483,134,893 76,799,537 436,825,803 76,793,518 440,419,779 76,818,427 443,344,693 76,874,969 446,801,235 76,618,254 448,344,520 76,807,145 449,805,411 76,875,555 450,612,934 77,193,068 454,417,610 77,389,553 455,066,268 77,688,844 455,365,604 77,696,840 456,423,^600 77,698,803 - 455,438,287 77,740,096 458,019,424 77,986,913 458,270,810 77,917,108 458,716,652 77,947,619 459,815,047 77,131,606 460,737,409 76,995,890 461,670,488 76,511,066 461,812,672 77,301,515 468,867,029 77,235,022 464.512.031 .76,566,155 - 464,259,376 76,910,818 464,688,644 77,096,549 464,830,238 77,294,571 465,819,885 77,438,950 465,689,216 77,195,831 465,301,096 76,611,282 465,101,497 77,600,000 466,061,874 77,472,912 466,034,286 77,467,707 466,129,081 77,484,987 466,146,361 77,475,318 466,136,692 77,898,748 467,135,272 77.887,460 467,123,984 74.998.714 464,430,238 77,197,330 466,934,174 77.370.715 467,257,559 77,558,212 467,445,056 77,256,212 467,148,056• 76,563,878 466,500,722 77,036,067 468,246,178 77,596,621 469,897,-889 76,977,002 469,372,202 76.960.358 469,656,188 77,494,207 470,425,236 77,041,547 470,059,591 76,516,800 469,606,589 76,661,555 469.852.032 76,627,432 469,905,154 75,527,223 468,938,278 76,122,875 469,629,252 76,221,063 469,868,744 76,167,704 470,240,429 75,054,481 469,837,257 75,667.112 470,918,587 76.331.359 472,153,118 77,155,722 473,178,763 77,192,015 478,818,204 77,071,742 473,244,815 76,450,557 473,233,312 76,169,569 473,699,442 76,875,930 475,479,581 76,772,568 477,832,094 77,065,444 478,866,145 76,145,901 478,941,602 76,291,880 479,916,581 77,259,180 488,457,881 78,448,506 486,156,207 77,182,006 486,701,707 78,578,872 488,540,573 78,564,547 489.186,248 78,216,677 489,864,261 77,948,610 492,908,993 76,994,051 494,198,978 75,780,781 495,203,240 75,667,706 496,943,143 220 REPORT ON T H E F I N A N C E S . N o . 4 1 . — E S T I M A T E D STOCK Month. 1896—August September . October November.. December.. 1897—.January.... February . . March April May Julie July August September . o October November . December.. 1898—January February... March April May June July August September. October November.. December.. 1899—January February... March.." April May June July. August September.. October November.. December.. 1900—January February... March April May , June July August September., October November. December.. 1901—January February.. March April May , June July • August September., October . . . . November., December. 1902—January February.. March April . . May June , July August . September. October . . . OP SILVER COIN AT THE END OF EACH MONTH, FROM JANUARY, 1890—Continued. Standard dollars. $428,211,252 425,770,279 428,382,707 430,665,251 488,127,895 435,068,227 486,474, 348 487.320.664 438,203,138 439,564,612 440,927,085 442,840, 538 448,582, 588 444,920,538 446,941,538 448.687.665 450,608,244 461,798,645 453,158,969 454,387,603 455,608,670 456, 702,567 457,872,224 458,932,988 460.068.880 461,887,069 462,343,250 468,429,920 464,568, Oil 465,928,248 466,790,570 467.808.881 468,810,806 469.794.616 470,902,676 471,269,133 472,205,721 473,817, 753 475,417,935 475,070,145 476,201,341 477,046,568 478,805,308 480,820,698 484,835,488 487,497,976 490,618,052 493,129,901 495,286,994 498,849,848 500,081,162 500,408,541 504,690,508 507,422,877 510,301,816 512,536,160 514,849,446 617,600,834 520,062,587 522,028,673 524,181,832 526,544,894 528,222,988 529,171,229 580.732.617 538,057,617 534,606,654 686,113,305 587, 603,809 538,684,786 540,185,200 540,682,817 542,368,298 648,360,860 545,527,822 Subsidiary silver. $75,609,268 75,854,781 75,804,582 75,803,546 76,317,752 76,308,945 76,514,618 76,220,921 76,341,471 76,517,908 75.438.884 75,417,942 74,271,577 74, 631,590 75,414,007 76,020,675 76,400,207 76,663,116 76,230,903 76,584,080 76,605,240 76,086,089 76,421,429 75,989,640 75,762,972 75,784,648 76,738,612 76,670,481 76,587,161 76,015, 347 76,829,061 76,890,984 76,710,825 76,688,335 76.746.179 75,909,690 76,647,029 76,523,388 78,552, 777 79,510,349 79,643,721 80,346,414 80,101,151 79,715,204 80,512,991 81,672,075 82,901,023 88,777,071 85.567.885 86,000,748 86,676,285 87,200,871 87,569,473 88,485,517 88.667.880 89,869,906 90,082,284 90,496, 812 90,490,289 90,610,260 91,808,385 90,613,512 92.464.180 91,828,964 91.975.881 92,206,926 92,859,794 93,417,944 95,299,190 95,482,492 97,188,762 98,225,389 97,766,461 97, 988,576 98,809,323 Total. $498,820,520 501,125,060 504,187, 289 506,468,797 509,445,647 511,872,172 612.988.961 518,541,585 514,544,609 616,082,520 516,865,969 517,758,480 517,854,115 519,552,128 522,255,545 , 524,708,840 527,003,451 528,461,761 529,389,872680,971,688 532,208,910 532,788,656 584,293,653 534,922,473 585,821,852 587,171,717 689,076,862 540,100, 401 541,155,172 541, 948,595 543,119,631 544,194,365 545,521, 631 546,432,951 547,648,755 547,168,823 648,852,750 550, 341,086 553,970,712 554,580,494 555,845,062 657,892,977 558,406,459 560,535,902 564,848,474 569,170,051 573,519,075 576,906, 972 580,854,829 584,350,091 586.757.447 587,603, 912 692,259,981 595,908,894 598,969,196 602,406, 066 604,981,730 608,097,146 610,552,826 .612,538,923 615,490,217 617,158,406 620,687,168 621,000,193 622,707, S98' 625,264,548 627.466.448 629,531,249 632,902,999 634,117,278 637.318.962 688,908,206 640,129,759 641,849,436 644,387,145 221 TEEASUREE. No. 4 2 . — U N I T E D S T A T E S N O T E S , T R E A S U R Y N O T E S , AIST> N A T I O N A L - B A N K O U T S T A N D I N G A T T H E E N D O F E A C H M O N T H , F R O M J A N U A R Y , 1890. United States] notes. 1890—January... February . March April May Jurie i July August September October . . . November December. 1891—January... February . March April Mayi June July August September October... November December. 1892—January . . February . March April May June July August September October... November December. 1893—January . . February . March April May June July August September October . . . November December. 1894—January . . February . March April May June July August September October... November December. 1895—January . . February . . March April May June July Augiist September October... November December. 1896—.January... February . March April May June July August September 681,016 346, 681,016 346, 681,016 846, 681,016 346, 681,016 846, 681,016 346, 681,016 346, 681,016 346, 681,016 846, 681,016 346, 681,016 346, 681,016 846, 681,016 346, 681,016 346, 681,016 346, 681,016 346, 681,016 346, 681,016 846, 681,016 846, 681,016 346, 681,016 846, 681,016 346, 681,016 346, 631,016346, 681,016 346, 681,016 846, 681,016 346, 681,016 346, 681,016 346, 681,016 346, 681,016 346, 681,016 346, 681,016 346, 681,016 346, 681,016 346, 681,016 346, 681,016 846, 681,016 346, 681,016 346, 681,016 346, 681,016 346, 681,016 346, 681,016 846, 681,016 346, 681,016 846, 681,016 346, 681,016 346, 681,016 846, 681,016 846, 681,016 846, 681,016 846, 681,016 346, 681,016 346, 681,016 346, 681,016 346, 681,016 •346, 681,016 346, 681,016 346, 681,016 846, 681,016 346, 681,016 346, 681,016 346, 681,016 846, 681,016 346, 681,016 846, 681,016 346, 681,016 346, 681,016 846, 681,016 846, 681,016 346, 681,016 346, 681,016 846, 681,016 846, 681,016 346, 681,016 846, 681,016 346, 681,016 346; 681,016 846, 681,016 346 ,681,016 346 681,016 Treasury notes. NOTES Nationalbank notes. $194,447, 192,000. 190,274, 189,264: 187,361 185,748; 184,253, 183,134: $8,609,000 181,602: 8,069,000 179,610, 13,949,000 178, 329, 19,258,800 177,088: 24,090,500 175,803: 28,804,000 173,423: 33,150,700 171,535: 37,093,200 170,227, 41,731,200 168,850: 46,677,847 167,577 50,228,417 168,166, 54,994,035 171,184, 59,686,035 171,785, 64,251,130 172,184, . 68,725,270 172,r"" 72,959,652 178,078, 77,827,102 173,205: 81,558,000 172,62i: 85,286,212 172,529: 89,602,198 172,476: 98,228,690 172,499, 97,891,986 172,683, 101,712,071 172,527, 105,566,170 172,656, 109,382, 687 172,786: 112,484,335 172,432; 116,611,283 173,614, 120,796,718 174,404 124,745,623 174,39i: 127,946,489 175,422: 131,867,853 176,094, 135,490,148 176,855: 139,069,778 177,164: 143,189,874 178,713: 147.190,227 183,755, 148,286,848 198,980, 149,881,958 208,690; 151,819,040 209,811 152,735,188 208,948; 153,453,629 208,538, 158,160,151 207,862, 153,070,908 207,479, 158,001,184 207,875, 152,900,817 207,r~~ 152,813,072 207,245; 152,679,742 207, 358, 152,584,417 207, 589, 152,447,126 207,592, 152,151,369. 207,564, 151,609,267 207,565, 151,140,568 206,686, 150,979,070 206,605, 150,823,731 205,297 150,751,541 205,048, 150,705,.157 207,541 150,330,089 209,719: 149,584,471 211,478: 148,044,280 211,69i: 146,088,400 211,372: 145,490,280 212,339: 144,495,280 212,861 148,666,280 213,887: 141,092, 280 213,960: 139,583,280 218,716; 137,771,280 213,496 137,824,280 217,18I: 186,719,280 221,316; 186,081,280 224,189, 138,069,280 225,287 181,885,280 226,000; 129,683,280 226,080, 128,343,280 229,613: 126,741,280 238,639: 125,004,280 $541,128,285 538,681,469 536,955,618 535,945,916 534,042,539 532,429,606 530,934,884 588,424,769 586,352,981 540,240,449 544,268,827 547,859,687 550,788,565 553.254.740 555.809.280 558,639,862 561,209,202 564,486,647 669,841,990 577,501,360 582,717,292 587,590,844 592,684,275 597,086,703 601,439,512 604,589,103 608,812,666 612.386.281 616,572,851 621,076,987 624, 774,899 628,720,082 681,952, 111 635,724,395 641,092,599 645,831,063 649,018,758 658,971,257 658,265, 708 662,606,408 667,035,144 672,585,115 678,722,511 695,548,342 706,690, 635 708, 728,197 709,082,750 708,380, Oil 707,614,031 707,161,720 707,457,028 707,327,120 706,605,777 . 706,618,677 706,667,208 706,424,600 705.854.741 705,886,674 704,846,423 704,110,457 702,730,128 702,429,824 704,552,316 705,985,337 706,204,012 704,460,451 703,543,341 703,515,496 708.199.230 701,660,926 700,224,894 698,169,269 697,-501,848 700,582,213 704,078,828 . 708,939,633 703.354.231 702,364,843 701,054,838 703,036,192 705,324,653 O 222 REPORT ON T H E F I N A N C E S . N o . 4 2 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES OUTSTANDING AT THE END OF EACH MONTH, FROM JANUARY, 1890—Continued. Month. 1896—October . . . November December. 1897—January... February . March April May June July August September October... November December. 1898—January... February . March April May June July August September October... November December. 1899—Jajiiiary... February . March April.....: May June July August September October... November December. 1900—January . . February . March April—.. May June July August . September October... November December. 1901—January... February . March April May.:— . June July August September October... November December. 1902—January':.. February . . March April May June July.Augu.st..... September October... United States notes. $346 681,,016 846 681,,016 846 681,,016 346,681,,016 846 681,,016 346 681,,016 346 681,,016 346 681,, 016 346 681,,016 846 681,,016 346 681,,016 346 681,,016 846 681,,016 346 681,,016 846 681,, 016 846 681,,016 846 681,,016 346 681,,016 346,681,,016 846,681,,016 346,681,,016 846 681,, 016 846 681,,016 846 681,,016 846,681,,016 846 681,016 346 681,,016 346 681,,016 346 681,,016 846 681,016 346 681,,016 846 681,,016 346 681,,016 346,681,,016 346 681,,016 846 681,,016 846 681,, 016 346 681,,016 846 681,,016 846 681,,016 346 681,,016 346 681,,016 346 681,, 016 846 681,,016 846 681,, 016 846 681,,016 346 681,,016 846 681,,016 346 681,,016 846 681,,016 346 681,016 846 681,016 846 681,016 846 681,016 346 681,016 846 681,016 846 681,016 846 681,016 ., 016 346 681, 346 681,016 846 681,,016 846 681,016 846 681,016 346 681,016 846 681,016 846 681,016 346 681,016 346 681,, 016 346 681,016 346 681,016 346 681,016 846 681,016 846 681,01.6 Treasury notes. $128 229, 121 677, 119 816, 118, 398, 117 550, 117 181, 116 696, 115 782, 114 867, 113 914, 112 672, 111 334, •109 313, 107 798, 106 348, 105 581, 104 669, 103 615, 102 691, 101 981, 101 207, 100 218, 99 260, 98 549, 97 888, 97 193, 96 523, 95 982, 95 511, 94 954, 94 518, 94 025, 93 518, 93 080, •92 516, 91 167, 89 828, 89 026, 88 320, 87 871, 87 198, 85 375, 82 629, 79 440, 76 027, 78 688, 70 388, 67 714, 65 563, 63 44.8, 61 397, 58 278, 55 957, 68 881, 51 880, 49 784, 47 783, 46 029, 44 483, 48 026, 41 434, 40 110, 88 596, 87 538, 86 846, 33 968, 32 688, 81 807, 80 000, 28 763, 27 701, 26 836, 25 796, Nationalbank notes. $284 984, 285 898, 235 668, 235 094, 284 236, 283 795, 232 887, 231 875, 281 441, 280 844, 280 593, 230 278, 280 132, 229 634, 229 014, 226 529, 224 881, 224 481, 226 118, 227 696, 227 900, 226 780, 227 261, 235 489, 289 629, 242 784 248 817 248 324, 242 985, 243 134, 242 796 242 146, 241 850, 241 624, 242 158, • 248372, 248 066, 243 842, 246 277, 247 068, 249 516, 271 034, 285 359 300 569 809 640 820 095 824 804 328 416 831 693 332 292 340 141 846 821, 348 655, 850 101, 350 764, 351 582 853 742 356 152 357 419 358 830 359 911 359 720 360 289 359 444 358 484 357 476 356 987 356 747 356 672 358 984, 861 282, 366 998, 380 476, Total. $704 708: 702: 7oo: 698; 697 696, 694, 692, 691; 689, 684 682, 678, 676 674 675; 676, 675, 673, 673, 680, 684, 686, 687; 685, 685, 684, 683; 682, 681 681 681 681 679; 679, 681 681 683: 703; 714, 726; 732 740; 741 742: 743: 742, 748: 751 751 750; 749, 748, 748; 748, 748, 748, 748: 746, 745: 743: 740: 738: 736: 734: 733: 734; 735, 740, 752, 740 186 414 958 623 487 280 137 982 552 970 266 571 513 987 512 868 176 047 666° 473 361 946 281 432 099 166 522 378 188 004 085 167 849 198 519 920" 364 519 039 244 854 382 775 460 907 341 444 664 316 191 887 272 422 278 606 203 919 171 564 699 727 742 631 888 423 415 200 107 200 707 614 350 i 223 TEEASUEEE. No. 4 3 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY O U T S T A N D I N G AT T H E E N D O F E A C H M O N T H , F R O M J A N U A R Y , Month. 1890—January February . . . March April May June July August September .. October November .. December... 1891—January February .., March April May... , June •July August September . October November ., December... 1892—Ja.nuary February ... March April May Jurie July August September. October November.. December.. 1893—January February .. March April May Jurie July August September. October November . December.. 1894—January — February .. March April :.. May .June July August September. October November . . December.. 1896—January . . . February .. March April May June July August September. October Noveraber . December.. 1896—January February .. March April May June: July August September. Gold certificates. Silver certificates. $159,110,089 $284,585,889 158,827,689 288,289,639 159,552,289 294,018,458 297,861,953 168,786,039 299,592,106 158,261,519 301,539,751 157,542,979 302,191,171 160,021,869 308,423,071 157,888,269 311,173,571 174,168,519 310,649,374 174,656,669 810,553,024 175,072,069 309,855,778 175,431,969 307,062,874 175,731,499 307,168,474 172,274,899 313,389,782 168,867,529 316,242,857 166,199,999 315,551,158 158,902,149 314,715,185 152,456,429 315,489,469 149,720,209 324,213,209 145,994,359 324,986,559 140,784,059 323,668,401 156,890,739 324,274,918 161,852,139 324, 772,818 165,678,839 826,854,648 180,665,769 828,421,843 178,151,419 829,272,852 178,002,999 330,499,002 175,644,879 330,904,002 171,765,729 331,614,304 156,598,929 331,809,804 154,600,329 331,068,804 152,234,589 329,469,304 146,555,989 326,850,804 143,437,839 326,251,804 142,821,639 325,788,604 141,347,889 328,146,504 136,375,589 328,029,504 122,170,989 328,226,504 116,621,489 326,806,504 114,160,339 328,766,504 104,794,689 330,967,504 94,041,189 333,031,504 87,704,739 329,088,604 80,979,419 330,864,604 79,756,819 888,444,504 79,005,169 334,188,504 78,312,169 384,584,504 77,487,769 836,919,604 77,098,769 838,061,504 71,042,219 838,202,504 70,444,219 339,673,504 70,093,219 839,662,604 69,416,199 837,148,504 66,887,899 336,519, -504 66,050,699 388,710,504 65,708,699 339,676,504 64,845,699 837,712,504 64,808, 849 387,629,504 59, 677,269 336,924,504 53,420,869 333,796,504 52,984,869 338,107,504 51, 587,869 831,121,504 48,927,849 380,914,504 48,814,649 328,245,504 48,641,959 328,894, 504 48,469,959 330,932, 504 48,386,909 331,513,504 49,290,909 338,297,504 • 50,748,909 342,409, 504 50,585,889 344,327,604 50,341. 889 345,702,504 50,099,889 345,994,504 49,978,989 344,377,504 44,884,489 848,825,504 43,822,469 350,412,504 43,817,469 846,942,504 43,649,189 342,619,504 42,818,189 344,032,504 40,687,189 357,204,504 40,486.189 864,476,504 40,328,539 CERTIFICATES 1890. Currericy certificates. Total. $11,720,000 $455,415,928 10,480,000 467,547,278 8,650,000 462,215,742 8,935,000 465,081,992 10,195,000 468,048,625 12,280,000 471.862.730 11,860,000 474,073,040 9,230,000 475,041,340 7,170,000 492,507,090 6,930,000 492,236,048 6,590,000 492,215,093 6,820,000 492,107,747 II,500,000 494,294,873 12,530,000 491,973,378 11,675,000 493,432,311 14,270,000 496,712,856 18,060,000 492,513,302 22,790,000 489,961,614 27,445,000 492,654,668 29,185,000 499,892,568 19,835,OQO 485,555,618 11,095,000 491,654,140 10,186,000 496,262,057 9,465,000 499,816,157 16„850,000 523.870.412 29,440,000 636,012,762 31,220,000 588,495,851 80,550,000 636,693,881 34,020,000 586.689.731 30,320,000 518,583,233 27,700,000 614,109,633 22,770,000 606,072,893 18,260,000 494,285,293 11,110,000 481,397,643 8,600,000 477,572,948 7,590,000 474,721,893 15,030,000 479,552,093 19,760,000 469,960,498 17,090,000 461,937,948 15,980,000 456,946,848 17,780,000 451,841,143 ' 12,365,000 437,363,698 8,340,000 429,076,248 6,666,000 415,732,928 8,285,000 418,906,323 22,425,000 484,874,678 88,325,000 445,775,673 39,085,000 451,157,278 44,975,000 458,988,278 47,806,000 456,908,728 58,080,000 461,726,728 57,410,000 467,176,723 59,870,000 468,448,708 69,235,000 462,771,403 61,955,000 464,525,203 58,786,000 463,199,203 56,305,000 460i 827,208 54,825,000 456,345,858 67,986,000 455,291,778 48,965,000 439,810,373 41,245,000 428,026,373 37,355,000 422,050,873 37,565,000 417,614,853 37,875,000 417,104,163 48,435,000 425,322,468 56,755,000 433,119,463 67,040,000 436,309,418 77,085,000 457.889.413 67,515,000 456,661,413 57,016,000 450,010,898 48,735,000 443,404,393 34,450,000 430,252,893. 29,245,000 425,218,493 83,070,000 421,881,993 34,680,000 426,827,973 33,295,000 427,524,978 33,670,000 424,261,693 81,990,000 417,427,698 42,150,000 426,869, 693 39,225,000 486,915,698 34,716,000 439,620,043 224 REPORT ON T H E F I N A N C E S . N o . 4 3 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY CERTIFICATES OUTSTANDING AT THE END OP EACH M'.OHTH, FROM JANUARY, 1890—Continued. Months. 1896—October . . . November December. 1897—January . . February . March April May June July August September October... November December. 1898—January... February : March April May June July August.... September October... November December. 1899—January... February . March Apri 1 May June • July August September October... November December. 1900—January... February . March April May June July August September October... November December. 1901—January... February.. March April May June July August September October... November December. 1902—January... February-• March April May June July c August September October . . . Gold certificates. $39, 89, 38, 38, 38, 37 37 87 37 37 37 36; 36, 36, 86, 84, 34, 84, 84, 34; 84, 84 82; 135, 152: 174; 184, 208, 210, 210: 224; 229, 227 229: 235: 239: 248; 254, 263: 275, 276, 276: 283: 284; 288, 291 296; 302, 312, 315, 316, 325, 330, 834, 34i: 345; 346, 356, 359, 863, 367; Silver certificates. $366 463,504 367 908,,504 870 888,504 873 015>,504' 373 585', 504 376 561,504 877 531,504 374 845,504 375 479,,504 372 404,504 879 112:,504 885 152:,504 884 1701,504 384 968,504 387 925,504 388 4751,504 391 908i,504 394 630,1,504 396 825,604 397 782,504 398 556, 504 398 922,504 401 107,504 400 062:,504 398 753,504 399 168,504 399 430,^ 504 899 681,504 402 2891,504 402 627, 504 404 026, 504 405 257,504 406 085,,504 407 027,504 407 2781,504 405 197,504 400 683i, 504 400 643,504 401 464,, 504 405 868;,504 407 375I, 504 409 728;,000 418 495sOOO 415 4751,000 416 0151,000 419 158,000 424 212,000 425 153,000 425 124,000 425 374,000 427 426.,000 428 597,000 427 854,000 481 841,000 435 521,000 435 928;,000 485 014,000 436 957,000 439 282,000 442 080,1,000 449 648i,000 454 082:,000 456 087,,000 458 089', 000 450 471,,000 454 265>,000 455 944,000 455 607,000 453 997,000 456 217,000 458 785i,000 465 762:,000 569 467 442,;,000 Currency certificates. Total. $35,060,000 $441 88,510,000 445, 50,830,000 °460, 65,515,000 477, 76,795,000 489, 76,070,000 490, 71,940,000 488, 66,565,000 479, 61,750,000 476, 68,495,000 474, 63,650,000 481, 54,150,000 477 48,625,000 471 48,890,000 472, 44,555,000 .470, 49,. 145,000 475, 60,660,000 480, 41,230,000 473, 27,735,000 461 26,600,000 461, 26,605,000 462, 23,075,000 459, 20,560, 000 458: 18,455,000 455, 20,105,000 455, 20,640,000 456, 20,685,000 456, 22,570,000 456, 28,135,000 460, '22,895,000 .460, 21,825,000 459, 21,800,000 461 21,325,000. 461 20,055.000 461 19,430,000 508; 16,100,000 556 18,765,000 566 13,695,000 589; 12,850,000 598, 14,600,000 628, 15,370,000 633, 14,645,000 635, •7,470,000 645, 4,785,000 650: 8,705,000 647: 2,680,000 650: 2,560,000 662: 1,820,000 666, 1,790,000 675: 1,690,000 681' 1,560,000 692, 995,000 705, 710,000 704, 708, 718, 720, 728, 727, 785, 745, 762, 769, 772, 778, 780, 788, 797 8OO; 800, 813, 818; 829, 884: 648 643 293 293 293 193 198 673 673 678 678 673 673 653 658 653 658 658 658 653 658 658 653 303 658 553 508 508 233 333 333 333 323 028 923 623 628 623 123 323 283 779 779 179 179 179 679 679 079 879 379 279 989 989 989 789 689 089 089 089 089 089 089 089 089 089 089 569 225 TEEASUEEE. N o . 4 4 . — E S T I M A T E D STOCK OP ALL K I N D S OP MONEY AT THE END OF EACH MONTH, PROM J A N U A R Y , 1890. [Notes include United States notes, Treasury notes, and national-bank notes.] Month. 1890—January February March April May June July August September October November December 1891—January February March April May June July August..., September October November December 1892—January February March April May June July August September October November December 1898—January February March April May Juiie July...-. August September October November December 1894—January February March April May June July August September October November December 1895—January February March April May . June July August September October November December 1896—January February March April May June July FI 1902 Aggregate. • '.. •. 15 692, 693, 695; 696, 696, 691, 689: 698, 694; 698, 704; 707, 705; 700, 689, 661 646: 644, 647, 653: 670, 677 686: 690, 689, 687, •681 680, 664, 657, -653, 652, 655, 657, 651 640, 627 626; 613, 604, 592, 603, 645, 657, 66i; 666, 666, 670, 674, 672, 668, 644, 629: 620: 618: 623: 626: 680: 626: 603: 607: 618, 623: 631 636: 641, 629, 613: 618: 609: 697: 598; 612, 617; 622, 607, 600, 595, $429, 433, 436: 440; 443, 446: 448: 449, 450, 454; 455, 455: 455: 455; 468, 458, 458: 459: 460; 461, 46i: 463: 464: 464; 464; 464, 465: 465, 465: 465; 466: 466: 466, 466, 466; 467, 467: 464: 466 467 467; 467, 466: 468: 469; 469, 469, 470: 470: 469; 469, 469: 468: 469: 469: 470: 469: 470, 472 473; 478, 473: 473: 473, 475: 477: • 478: 478; 479 488; 486, 486, 488, 489, 489, 492, 494; 495, 496; $541 588, 586, .585, 534, 532, 530; 583, 686: 540; 544, 547, 550: 553: 555: 558: 56i: 564: 569: 577: 582: 587: 592: 597: 601: 604; 608, 612, 616: 62i: 624: 628: 681: 635: 641 645: 649; 653, 658; 662, 667: 672: 678: 695: 706: 708: 709, 708: 707: 707: 707: 707: 706: 706: 706: 706: 705: 705: 704; 704, 702: 702: 704: 705: 706: 704, 703: 703: 703: 701: 700, 698, 697 700: 704; 708, 703; 702, 701' 846, 650 317 703 028 841 646 423 487 059 792 872 102 046 854. 773 493 217 622 824 666 059 981 901 009 942 229 188 901 196 880 858 474 429 422 620 097 842 581 066 846 754 304 136 060 404 250 027 837 182 489 061 465 020 853 365 484 002 537 196 950 519 519 023 458 001 534 162 677 386 239 150 230 459 051 650 741 786 930 650 226 No. REPORT ON THE FINANCES. 4 4 . — E S T I M A T E D STOCK OF ALL K I N D S OP MONEY AT THE END OF EACH MONTH, PROM JANUARY, 1890—Continued. Month. 1896—August September October . . . November December. 1897—.January... February . March April May ... June July August September October... November December. 1898—January... February . March April May June July August.... September October... November December. 1899—January... February . March April May June July August September October... November December. 1900—January... February.. March April May June July August September October . . . November. December. 1901—January... February.. March April May June .July........ August September October... November December. 1902—January... February.. March April May June July August September October . . . Gold. $608, 641, 671, 686, 692, 697, 702, 706, 708, 701, 697, 697, 708, 712, 729, 738, 746, 762, 767, 793, 834, 857, 868, 870, .884, 901, 925, 935, 949, 958, 966, 978, 975, 978, 990, 999, 1,014, 1,018, 1,016, 1,022, 1,025, 1,084, 1.048, 1,041, 1,036, 1,063, 1.049, 1,059, 1,080, 1,099, 1,108, 1,112, 1,117, 1,124, 1,129, 1,128, 1,124, 1,135, 1,147, 1,160, 1,174, 1,171, 1,176, 1,181, 1,178, 1,178, 1,188, 1,184, 1.192, 1.193, 1,208, 1,215, 1,230, Silver. Notes. $498, 820, 501 125, 504 187, 506 468, 509 445, 511 872, 512 988, 513 541, 514 544, 516 082, 516 866, 517 768, 517 854, 519 552, 522 855, 524 708, 527 008, 528 461, 629 389, 530 971, 532 208, 582 788, 684 293, 534 922, 585 821, 587 171, 539 076, 540 100, 541 155, 641 948, 643 119, 544 194, 645 521, 546 482, 547 648, 547 168, 648 852, 550 841, 553 970, 554 580, 555 845, 657 392, 658 406, 660 535, .564 848, 669 170, 573 519, 576 906, 680 854, 684 350, 586 757, 687 608, 592 259, 595 908, 598 969, 602 406, 604 981, 608 097,. 610 662, 612 638, 615 490, 617 158, 620 687, 621 000, 622 707, 625 264, 627 466, 629 581, 632 902, 684 117, 687 818, 688 908, 640 129, 641 849, 644 337, $708, 036, 705, 824, 704, 894, 703, 757, 702, 160, 700, 173, 698, 467, 697, 607, 696, 265, 694, 339, 692, 989, 691, 439, 689, 94.6, 688, 294, 686 126, 684, 108, 682, 048, 678, 741, 676 181, 674, 778, 675, 486, 676, 358, 675 788, 678 674, 673 202, 680 670, 684 148, • 686659, 687, 022, 685 987, 685 177, 684 770, 683, 996, 682 858, 681 550, 681 385, 681, 351, 681 220, 679 575, 679 549, 681 278, 681 621, 688 895, 708 090, 714 669, 726 690, 782 848, 740 314, 741 873, 742 811, 748 987, 742 421, 748 219, 751 780, 751 293, 750 663, 749 325, 748 047, 748 206, 748 862, 748 533, 748 587, 748 026, 746 511, 745 566, 743 658, 740 461, 788 120, 786 806, 734 735, 738 853, 734 428, 785 664, 740 510, 762 953, Aggregate. $1,805, 677,881 1,847, 992,514 1, ' " 746,841 482,967 i: i ; 904, 553,273 1.909, 401,381 1,918, 978,808 1,917, 517,582 1,918, 894,874 1,912, 850,971 1,906, 679,283 1,906, 316,912 1.910, 883,813 1,920, 506,811 1,988, 148,326 1,947, 400,861 1,954, 084,984 1,959, 519,749 1,963, 520,093 1,998, 782,984 2,041, 928,608 2,066, 420,467 2,073, 867,065 2,078. 981,281 2,098; 095,458 2,119, 188,262 2,148; 291,093 2,162, 690,105 2,177, 703,351 2,186, 610,797 2,194, 693,755 2,202, 126,850 2,209, 580,331 2,214, 769,641 2,204, 652,861 2,206, 658,879 2,220, 584,096 2,231, 125,170 2,248, 014,681 2.252, 263,066 2.253, 183,488 2,261, 957,698 2,267, 626,866 2,297, 829,869 2,823, 042,973 2,337, 392,200 2,841, 899,180 2,870, 740,772 2,371, 676,164 2,886, 450,355 2,410, 722,518 2,429, 210,225 2,449, 021, OOI 2,460, 117,009 2,467, 295,228 2,477, 227,1852,483, 524, 650 2,479, 883,623 2,483, 488,290 2,497, 372,898 2,511, 859,538 2.626, 049,760 2,548, 597,491 2,589, 351,896 2,544, 446,898 2,550, 202,261 2,645, 959,824 2,546, 192,402 2,552, 862,141 2,558, 441, 367 2,668, 266, 658 2,667 261,868 2,579, "•",217 2,597, 094,936 2.627, 963,267 227 TREASURER. No. 4 5 . — E S T I M A T E D AMOUNT OP GOLD AND SILVER IN CIRCULATION AT THE OF EACH M O N T H , F R O M J A N U A R Y , 1890. Month. 1890—January February . . March April May June July August September. October November . December.. 1891—January February .. March April May June July August September . October.... November . December.. 1892—January February .. March April May - June July August ". September. October.... November . December.. 1893—January . . . February .. March . . . . . April May June July..: August September . October November . December.. 1894—January.... February . . March April May June July August September . October November . December.. 1895—.January February . . March April May June July August September. October November . December.. 1896—January February .. March April May June July August September. Gold coin. Silverdollars. $374,987,316 $59,306,637 378,507,203 58,872,880 873,624,488 57,847,656 874,810,922 56,994,977 375,246,356 56.348.174 874;896,881 56.166.356 56,981,268 875.114.196 58,506,674 879,053,187 62,182,454 886,989,723 66,709,664 400,378,130 405,105,897 67.248.357 411.080.597 67,547,023 409,441,335 64,818,949 408,752,874 68,560,558 408,468,850 62,921,010 408,862,781 61,692,818 406,661,860 59,868,710 408,073,806 57,683,041 407,680,012 58,168,879 406,745,835 58,558,697 408,333,304 60.194.175 406,770; 867 62,135,461 405,981,402 62,697,204 407,999,180 62,826,191 407,838,022 60,216,630 407,818,501 69,264,520 • 407,614,418 58,471,743 407,615,949 57,564,467 408,911,657 57,096,925 408,767,740 56,799,484 410,447,860 67,031,862 411,154,411 57,622,886 • 411,524,329 59,569,103 411.252.197 61,672,456 410,867,868 62,686,806 412,970,960 62,822,986 411,688,068 61,196,388 409,817,138 60,432,090 407,799,951 69,557,190 410,759,520 58,835,383 407,945,944 58,053,489 403,683,700 57,029,748 416,909,941 56,228,989 469,466,368 61,654,630 484,296,109 58,882,668 498,121,679 68,725,818 505,058,Oil 58,425,922 508,602,811 57,869,589 627,857,916 55,735,720 496,830,383 64,574,546 496,101,956 58,525,295 497,894,733 52,655,121 496,799,152 51,952,691 497,873,990 51,191,377 499,103,577 50,959,540 497,407,586 51,512,484 600,126,248 54,276,248 . 500,181,380 56,448,670 465,789,187 57,449,865 485,501,876 57,889,090 506,189,411 55,873,680 468,668,100 54,649,360 479,498,899 58,917,857 483,111, 525 53,413,709 483,770,430 52,812,570 480,275,057 51,988,162 485,778,610 51,746,706 479,787,653 62,584,843 469,884,062 55,146,527 68,354,092 475.181.598 58,760,718 480,252,104 59,205,927 484,728,547 56,629,676 499,262,686 55,515,941 445,293,591 54,792,752 445,912,256 53,602,362 454,225,656 62,717,417 455,876,439 52,176,998 456,128,488 61,999,797 445,298,944 53,445,881 468,995,969 66,518,178 478,771,490 Subsidiary silver. END Total silver. $54,202,140 $113,508,777 58,950,362 112,322,742 58,984,972 111, 832,628 63,804,039 • 110,799,016 53,915,869 110.264.043 54,069,743 110,236,099 111, 265,681 64.284.868 118,455,560 54,948,886 118,444,800 66,811,846 123,351,222 67,641,658 125,521, 824 58,272,967 126,198,177 .68,651,154 122,542,578 67,723,629 120,906,191 57,845,638 120,175,012 57,254,002 119,061,325 57,368,507 117,721,936 57,858,226 115,978,965 68,290,924 115,927,843 57,768,464 117,113,.866 68,564,668 119,858,621 59,664,446. 124,240,597 62,105,136 125,542,641 62,845,437 125,103,021 62,776,880 122,632,601 62,415,971 121,573,237 62.308.717 121,019,897 62,547,654 120,387,980 62,833, 523 119,833,259 62,736, 334 119,186,002 62,386,518 120,878,799 63,346,987 121,520,025 63,897,139 124,485,812 64,916,209 127,657,863 65,985,408 129,101,941 66.515.185 130,150,203 67,827,267 127,737,325 66,540,937 124,458,928 64,021,838 125,589, 365 66,032,175 125,092,525 66,257,142 124,217,091 66,163,602 122,430, Oil 65,400,268 120,231,118 64,007,129 64,335,238 125.989.868 64,100,206 122,982,878 64,309,807 123,035,625 65,541,645 123,967,567 66,854,740 123,724,329 61,108,700 116,844,420 59,921,912 114,496,458 59,588,287 118,113,582 59,125,812 111,780,433 57,944,250 109,896,941 58,233,344 109,424,721 58.250.802 109,210,342 58.446.869 109,959,358 58,244,768 112,521, Oil 60,242,999 116,686,669 61,606,967 119,056,882 62,672,086 120,561,176 61,710,429 117,584,059 60,940,597 115,589,957 69,878,046 118,790,903 59,653,010 113,066,719 59,786,487 112,599,057 112,202,880 60.219.718 112,279,214 60,532,508 112,675,001 60,090,158 116,656,070 61,409,648 122,186,851 63,882,759 124,176,882 65,416,119 123,623,612 64,417,685 121,016,811 64.387.186 119,260,002 63,744,061 117,763,055 62.970.803 62,489,607 116.091.869 61,856,627 114.074.044 69,999,805 112,176,808 69,668,661 111,663,858 69,699,467 113,145,348 60,228,298 116,741,476 228 No. REPORT ON T H E F I N A N C E S . 4 5 . — E S T I M A T E D AMOUNT OF GOLD AND SILVER IN CIRCULATION AT THE END OF EACH MONTH, FROM JANUARY, 1890—Continued. Month. 1896—October . . . November December. 1897—Januany... February . March April May.: June July August September October... November December. 1898-^January-.February . March April May June July August September October... November December. 1899—January.... February . ' March April May June July August September October... November December. 1900—January... February . March April May June •July August September October... Noveniber December. 1901—January . . February . March . . . ' . April...:.. May June July August September October... November December. 1902—January... February . March April May June . - . : . . July August September October... Gold coin. $616,340, 979 516,729,882 617,748,229 615,468,129 516,315,696 617,125,757 517,821,596 620.221.923 519,146,675 519,074,302 621,848,563 528,098,753 539,273 ,'953 544,494,748 547,568,360 551.584.924 553,884,882 582,129,742 617,038,510 649,571,881 660,959,880 645,246,054 680,698,166 622,649,812 649,846,727 658,986,518 667,796,579 696,987,400 702,306,269 694,855,942 701,077,442 724,282,177 702,060,459 700,256,384 372,933,192 646,561,185 684,660,733 627,480,101 617,977,830 619,447,176 612,333,489 612,202,698 616,535,746 618,624,530 614,918,991 622,348,108 620,695, 656 620,047,309 621,761,263 624,702,913 629,192,578 615,576,805 628,333,957 626,824,954 629,240,795 628,021,296 630,407,728 630,547, 325 680,037,710 631,201,267 633,858,471 632,001,740 635,374; 550 634,733,847 683,454,585 635,194,761 637,432, 952 681,891,627 632,394,289 681,156,483 682,209,118 664,728,060 624,873, 645 Silverdollars, 190,802 493,846 581,819 361,136 378,762 507,319 776,448 007,095 001,202 655,722 085,664 145,770 196,778 280,761 491,073 478,293 020,904 562,597 561,008 596,428 259,791 293,336 738,818 788,828 437,255 980,333 188,553 429,088 135,875 536,488 023,825 434,217 381,751 158,273 887,236 755,243 361.740 830;223 420,047 888,019 139,994 098,949 833,834 645,528 429,476 759, 341 825,.496 176,265 479,469 811,834 182,326 815,490 076,367 299,960 846,545 124,848 587,898 588,628 021,039 201,115 118,520 210,787 289,986 295,878 878,522 179,452 403,830 875,764 747,349 906,466 984,675 048,719 517,158 Subsidiary . silver. $61,171,786 61,232,346 62,101,986 60,889,870 60,709,595 60,246,493 60,177,704 60,306,988 69,228,540 59,131,282 58,936,292 61,176,415 68,432,929 64,829,045 65,720,308 64,955, 943 64,270,811 64,618,802 64,586,278 64,042,000 64,823,747 63,994,457 64,759,523 66,587,940 68,878,952 69,997,276 70, 627,818 69,083,516 69,143,844 69,496,609 69,784,194 70,044,980 70,675,682 70,527,873 72,516,837 74,045,762 76,173,164 76,322,965 76,651,321 75,429,418 74,792, 810 74,341,822 75,000,817 75,658,687 76,294,050 76,541,200 77,862,649 79,432,193 81, 085,187 81,717,505 83,123,468 . 81,979,691 81,437,330 80,858,107 80,258,077 79,943,209 79,700,088 80,195,427 • 80,788,228 81,538,117 83,999,851 84,176,421 85,061,094 83,842,839 88,441,791 82,692,485 82,854,599 82,638,865 86,721,228 86,222,469 87,415,287 89,906,205 91,899,715 Total silver. $119 362,538 119; 727,191 120, 683,805 117 250,506 116, 088,357 114, 753,812 113, 954;152 118, 314,083 111 229,742 110: 787,004 112; 021,956 118, 322,185 123, 629,707 126, 109,806 127; 211,381 124, 434,236 123: 291,715 123: 181,899 123: 147,281 121: 638,423 121: 583,538 121: 287,793 122 497,836 127: 376,768 182, 316,207 188:'977, 609 135; 811,871 132 512,604 182, 279,219 134, 033,097 138: 807,519 138: 479,197 134 057,438 133: 686.146 187: 404,073 142; 801,005 147 584,904 147 153,188 147 071,368 143; 317,432 148, 932,804 148: 440,271 143: 834,651 148: 304,115 142: 723,526 142: 300,541 144 688,145 i5o: 608,458 154: 514,656 • 155:528,839 159; 305,789 154, 295,181 152, 513,697 158, 153,067 149, 099,622 148, 067.557 146: 287,981 146: 784,055 148: 809,267 152: 789,232 157 112,871 157: 887,158 158: 301,080 155: 138,712 152: 820,318 i5i: 871,887 152: 257,929. 151: 514, 629 154, 468,577 155. 128,924 399, 962 158; 949,924 164, 416,873 169; 229 TREASURER. No. 4 6 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK IN CIRCULATION AT THE END OF EACH MONTH, 7ROM JANUARY, 1890. United States] notes. Month. 1890—January February March April May June July August September October November December 1891—January -. February March April May June July August September October November December 1892—January February March April May June July August September October November December 1898—January Februa'ry March April '. May June July August September October November December 1894—January February March April May June July August September October November December 1895—January February March April May June July. August.. .• September October November December 1896—January February March April . May June July August : : : • •. '.. ,: '. -. : : September O. $327, 326, 332, 380, 826, 828, 822, 827, 333, 384. 335, 336, 328, 828, 834, 332, 827, 823, 319, 317, 326, 382, 883, 333, 330, 822, 823, 824, 318, 811, 811, 317, 322, 332, 833, 330, 819, 814, 316, 319, 319, 820, 324, 331, 832, 321, 811, 302, 299, 293, 290, 284, 270, 268, 264, 263, 267, 280, 276, 264, 256, 261, 256, 267, 266, 265, 271, 247, 240, 238, 284, 230, 245, 240, 282, 287, 226, 226, 287, 231, 249, Treasury notes. Nationalbanknotes. ,375,900 ,106,500 ,467,351 ,219,656 ,896,788 ,101,706 , 871,279 ,921,978 37,020,254 88,;, 112,280 40,1,463,165 48,;, 684,078 45,s 748,350 57,205,228 66,473,484 7o;1,983,286 75,', 296,057 76,,088,319 75,', 718,553 77, 605,410 81,501,770 87,068,672 98;i, 051,657 101,756,301 104,114,086 107,001,850 114,,567,423 118,;, 877,559 122,:, 039,656 123,, 927,846 126,1,447,613 128,, 956,781 128,,779,108 182,;, 505,183 140,1,661,694 148,,774,138 145,i, 420,209 148,;, 824,199 150;\ 818,582 150,1,770,406 151:,965,267 150:1,755,402 141,088,766 141,316,855 i4i: ,026,114 i4o:., 074,690 134::, 862,009 129:,918,527 124:,552,440 i2i:., 495, 374 122:,715,396 124,, 574,906 122,,453,781 117:,180,225 114,, 249,700 121 ,457,600 121 ,840,500 117 ,954,807 116,i, 978,708 114 ,004,881 109,,436,662 107 ,085,426 114 ,526,669 115,', 260,322 115,i, 726,769 110,1,221,185 106,i, 074,550 103,;, 728,966 100,1,921,026 ;, 080,506 s 217,361 ;, 948,532 ,262,524 i, 964,047 $188,274, 187, 661 186,837: 185,822: 188,072: 181,896: 179,487: 178,07i: 176,982: 175,947 174,912 173,738; 168,988, 168,452, 168,119, 166,171 163, 661 161,922; 162,241 164,312, 166,090, 166,445, 168,151 168,427, 167,176, 167,829, 168,644, 168,067, 167,427, 167,306, 166,595, 166,033, 165.085, 165,224, 167, 786: 168, 361 166, 623, 169,844 172,267, 171, 770, 171,920, 174,731 180,184 195,822, 200,875, 197,745, 196,139, 196,18I; 193,335, 194,839: 197,116: 199,082: 199,724: 200,754, 202,643: 202,025: 202,546: 202,594: 202,517: 201,845: 198,964: 199,889; 203,091 204,760, 206, 579; 207,047, 205,729, 204,738, 206,883, 207,364, 207,568, 206,653, 203.086, 208,551, 214,'205; 216,602, 216,285, 215,331 214,096; 216,798, 220,8O4; NOTES Total. $515,719,251 514,518,290 518,438,765 616,998,969 510,005,445 504,443,649 502,185,113 506,734,731 518,004,680 521,832,899 527,707,019 532,310,752 522,410,612 525,328,516 536,071,998 535,876,758 529,092,875 626.099.477 525,818,634 527,756,843 550,026,495 565,473,236 572,499,448 577,490,,841 573,812,239 665,679,689 570,155,327 574,354,720 572,949,939 577,178,454 580,204,514 587,695,624 594,690,116 611,871,794 620,436,820 .621,384,561 610,244,567 610,466,615 618,017,528 620,356,585 623,448,305 636,268,516 648,303, 539 672,881, 050 681,928,203 670,455,887 658,178,686 650, 688,297 648,469,448 629,488,336 629,025,097 624,552,395 610,388,800 604,388,731 597,126,353 590,852,696 591,825,565 605,785,008 604,002,449 589,061,877 573,143,964 576,127,316 681,484,677 698,994,630 591,472,829 5^8,135,710 591,088,265 561,712,024 554,238,001 560,876,977 657,741,671 558.236.478 559,053,922 555,084,502 550,222,477 564,872,685 538,928,811 686,000,646 546,455,690 539,025,748 659,316,210 230 No. REPORT ON T H E F I N A N C E S . 46.—UNITED STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK IN CIRCULATION, ETC.—Continued.. Month. 1896—October — November . December.. 1897—January . . . February . . March April May •. June July August September. October November . December.. 1898-r-January . . . February . . March April May June July August September. October November . December.. 1899—January . . . February . . March April May June July August September. October November . December.. 1900-January . . . February . . March April May June • July August September. October November . December.. 1901—January . . . February . . March April May.. June July . August September. October November . December... 1902—January . . . February . . March April May June . July August September. October NOTES United States notes. Treasury notes. Nationalbank notes. $256 950, 274 705, 261 367, 268 486, 260 784, 248 513, 247 788, • 248848, 248 583, 252 889, 254 432, 251 795, 258 996, 262 183, 262 480, 278 722, 264 164, 267 305, 288 048, 290 202, 286 572, 278 084, 272 395, 291 660, 306 801, 311 786, 812 415, 309 643, 308 305, 810 519, 312 057, 811 095, 310 547, 811 829, 310 130, 314 954, 817 264, 817 811, 818 269, •817 500, 318 841, 822 802, 826 832, 822 752, 816 614, 817 910, 817 956, 324 506, 833 295, 833 669, 384 587, 833 054, 835 421, 386 889, 887 610, 334 483, 382 468, 332 820, 833 975, 838 029, 338 781, 339 341, 341 166, 885 681, 835,402, 336 693, 888,108, 338 144, 384,291, 837 428, 841 141, 342,980, 843,639, $83 959 80 147 84 171 82 733 85 546 90 244 92 258 86 641, 83 905 81 663 83 146 89 816 101 759 104 676 103 443 100 797 98 464 99 709 .99 588, 100 226 98 665, 95 735 94 920 96 704, 96 569 95 781, 94 942 98 993 94 204 94 075 98 559 93 101 92 605, 92 158 91 650, 89 957 88 898, 87 441, 86 934, 86 016, 85 945, 84 650, 81 791, 78 686, 75 247, 72 855 69 890, 67 600, 65 478, 63 861, 61 230, 58 091, 55 «57, 68 728, 51 795, 49 677, 47,540, 45,915, 44,300, 42,944, 41,384, 40,012, 38 489, 87 443, 35,168, 33,881, 32,648, 31,142, 29,802, 28,635, 27,622, 26,741, 25,748, $222,002,576 $562,912, 222,335,419 577,188, 221,384,148 666,928, 217,766,278 568,985, 219,230,348 565,511, 222,420,183 561,178, •224,211,934 564,203, 224,766,143 660,256, 226,410, 767 558,899, 559,109, 225,155,465 226,075,827 563,653, 226,464,135 568,075, 225,184,268 585,891, 224,956,210 591,815, 223,827,755 589,752, 220,366,293 594,886, 221,413,280 584,041, 221,742,388 588, 757, 611,022, 223,384,790 224,609,636 616,089, 223,129,703 608,867, 222,056,642 695,876, 222,845,926 590,162, 231,750,720 620,115, 234,969,964 637,841, 238,109,059 645,626, 238,837,729 645,696, 641,212, 237,576,019 239,275,723 641,785, 240,261,430 644,856, 238,877,207 '644,493, 642,814, 238,117,698 287,832,594 640,985, 641,537, 238,048,960 238,521,489 640,302, 239,781,781 644, 643, 239,067,193 645,225, 239,835,786 645,089, 242,001,643 647,205, 644,402, 240,885,761 245,739,581 650,026, 267,157,624 674,610, 280,050, 340 688,673, 294,057,570 695,447, 300,161,552 692,028, 701,864, 311,097,165 314,627,528 702,475, 319,336,630 711,443, 825,375.258 724,148, •326,949,170 723,979, • 332,188,526 • 728,006, 333,360,391 724,506, 338,593,012 729,872, 841,155,427 731,778, 343.725,282 733,130, 843,341,849 727,502, 345,126,521 725,184, 346;901,722 725,638, 847,773, 315 726,049, 849,318,214 780,292, 351,674,562 731,840, 351,363,074 730,716, 349,856,276 729,462, 346,437,662 719,562, 347,570,246 718,141, 848,335,174 718,910, 348,004,681 718,661, 347,630,020 716,917, 845,476,516 709,571, 712,111, 846,046,965 346,557,879 715,321, 352,883,259 722,055, 867,007,482 736,394, Total. 231 TREASURER. No. 4 T . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY CERTIFICATES IN CIRCULATION AT THE END OP EACH MONTH, FROM JANUARY, 1890. Month. 1890—January.:. February . March April May June...:-. July August September October.... November . December. 1891—January . . February . March April May June July August September October November December. 1892—January... February . March April May June July August September October... November December. 1898—January... February . March April May June July August September. October... Noveniber December. 1894—January... February . March April May June July August ^ September October... November December. 1895—January . . February . March April May June July August September October . . . November December. 1896—January... February . March April May June July August September Gold, certificates. Silver certificates. $138,657,169 $281,831,771 284,176,262 130,604,804 290,605,662 134,938,079 292,923,348 134,642,889 294.656.083 130,788,899 297,210,043 131,380,019 298,748,913 182,444,749 303,471,210 124,882,539 309,821,207 168, .104,739 308,206,177 188,178,979 308,576,499 181,316,499 308,289,463 144,047,279 808,844,086 155,839,449 803,822,259 147,119,129 309,632,585 144,817,069 812,933,440 138,890,799 310,641,878 122,124,839 307.364.148 120,850,399 807,291,114 115,715,889 817,588,821 108,273,079 822,016,487 112,451,569 321,142,642 136,100,819 820,873,610 142,649,969 320,817,568 148,106,119 163,178,959 820.138.307 160,001,279 325,141,186 154,329,229 825.683.149 158,718, 699 327,289,896 167,295,209 827,290,165 141,285,389 826,880,803 186,861,829 327,336,823 128,887,379 328.289,145 121,210,899 326;849,827 120,255,349 324,552,532 123,188,809 828,464,838 117,098,139 822,085,Oil 120,645,819 823,192,660 114,888,729 821,279,132 111,485,009 322,958,953 105,272,029 321,707,726 101,469,969 822,115,592 92,970,019 326,489,165 87,611,029 330,188,390 80,414,049 326,206,836 79,627,599 324,955,134 78,889,809 325,717,282 78,163,079 828,421,997 77,412,179 829,545,650 77,015,419 830.161.308 70,985,729 831,119,247 70,306,909 829,447,264 69,990,449 380,805,980 69,374,549 329,959,959 66,344,409 827,094,881 65,947,229 324,491,738 65,668,969 325,217,977 64,790,489 380,620.719 64,252,069 881,143,301 58,925,899 832.317.084 58,361,909 831,077,784 52,647,809 326,467,272 51,507,769 325,816,415 48,843,189 323,746,756 48,761,009 328,215,271 48,539,569 321,658,171 48,381,569 319,731,752 48,117,579 320,855,118 49,081,089 828,772,261 50,646,539 830,434,837 50,417,659 333,456,236 50,233,979 336,855,893 49,936,489 336,076,648 49,847,849 ,831, 614,389 43,733,019 382,545,948 43,239,249 837,032,426 43,052,559 338,834,418 42,961,909 336,318,080 381,259,509 42,320,769 381,656,671 39,293,479 845,789,894 88,867,639 354,431.474 38,736,639 ' Currency certificates. Total. $11,630,000 $481,618,940 10,230,000 425,011,066 7,660,000 483.203.641 8,796,000 436,361,187 435,299,482 9,855,000 440,420,062 11,830,000 448,013,662 11,820,000 436,673,749 8,820,000 474,415,946 6,990,000 453,290,156 6,910,000 446,162,998 6,270,000 459,146,742 . 6,810,000 471,043,585 11,860,000 468,211,388 12,270,000 466,094,604 11,145,000' 465,824,289 14,000,000 450,415,717 17,750,000 449,679,547 21,365,000 450,271,508 27,265,000 454,816,400 28,455,000 462,813,056 17,845,000 468.007.961 10,765,000 473,288,679 9,765,000 478,188,687 9,265,000 500,077,266 16,760,000 614,492,465 29,850,000 509,852,878 29,840,000 511,213,595 30,210,000 618,315,874 33,780,000 497,946,142 29,830,000 490,918,652 26,720,000 478,886,524 22,210,000 465,350,226 17,290,000 455,857,881 10,550,000 8,280,000 454.888.642 446,228,150 7,100,000 458,288,479 14,450,000 454,917,861 19,250,000 16,670,000 451.113.962 15,840,000 442,819,756 440,640,561 16,955,000 431,394,184 11,935,000 425,654,419 7,855,000 412,225,885 5,605,000 412,782,733 8,200,000 426,931,541 22,326,000 489,790,076 83,205,000 446,002,829 89,045,000 452,111,727 44,935,000 449,859,-976 47,805,000 452,474,178 52,720,000 457,566,429 57,270,000 458,584,508 59,260,000 452,878,790 58,935,000 452,133,967 61,695,000 448,951,946 58,065,000 451,066,158 55,755,000 449,440,370 54,045,000 448, 377,983 57,135,000 431,444,693 47,005,000 416,740,081 87,625,000 414,249,184 36,925,000 409,414,945 36,825,000 409,261,280 87,295,000 418,387,740 48,245,000 428,518,321 55,405,000 425,392,697 56,920,000 449,408, 350 76,555,000 444,920,876 63,840,000 440,613,896 56,740,000 432,024,872 45,935,000 417,618,087 81,605,000 28,925,000 ' 410,387,188 409,108,962 32,825,000 414,781,675 34,460,000 414,816,972 32,930,000 412,704,989 33,430,000 405,420,268 31,840,000 412,490,150 41,540,000 423,002,538 88,895,000 427,478,113 34,305,000 232 REPORT ON T H E F I N A N C E S . N o . 4 T . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY CERTIFICATES IN CIRCULATION, ETC.—Continued. Month. 1896—October . . . November December. 1897—January... February . March • April . May June July August September October . . . November. December. 1898—January... February . March • April May June July August September October . . . November December. 1899—January... February . March . . . . April . May June July.August— September October... November December. 1900—January... February . March . . . . April May June July August September October... November December. 1901—January .. February . • March April May June July August September October... November December. 1902—January .. February . March April May June •July August September October... Gold certificates. Silver certificates. $88,197,809 $357,777,122 38,016,749 856,312,121 37,887,439 856,656,800 87,586,629 861,836,538 37,544,819 368,709,501 87,456,889 364,026,158 87,421,999 863,753,989 37,387,829 862,768,808 37,285,919 358,836,868 37,226,879 857,988,660 87,017,789 367,868,887 36,898,559 374,620,299 36,814,109 372,838,919 36,725,409 373,298, 967 36,657,689 376, 695,592 36,494,759 373,515,940 86,440,789 880,287,427 36,319,199 887,770,898 85,951,999 392.686.574 35,883,209 391,225,265 85,820,639 390,659,080 85,698, 679 389,119,436 35,478,009 392,990,378 85,898,909 393,425,735 36,338.909 391.177.575 35.280,649 892,818,146 85;200,269 392,381,995 33,089,939 m , 387,684 82,966,889 396,400,705 32,892,649 398,874,006 32,845,029 400,879,249 32,786,189 401,298,642 82,656,269 401,869,848 32,693,789 408,088,395 68,688,989 403,682,345 98,673,559 400,158,881 127,593,519 894,976,239 150,908,202 394,292,800 161,122,797 395,040,816 184,882,889 396,519,045 181,266,387 400,103,487 178,642,851 408,043,859 197,527,409 407,193,810 204,049,299 408,477.649 200,555,469 408,499,347 207,603,409 410,557,294 210,388,369 415,875,727 209,110, 349 420,265,785 215,595,969 421, 380,745 231,246, 346 421,613,407 282,787,929 422,899,408 275,667,279 419,789,822 257,548, 739 422,840,690 248,286,099 427,206,320 253,259,799 430,578,522 251,285,329 429,620,818 245,715,739 429,640, .738 255,467,399 431,050,769 259,342,649 488,550,842 277,517,169 485,437,962 281,678,659 441,810,387 282,298,349 447,852.192 277,997,069 449,492; 892 307,504,839 443,Oil,480 305,755,699 443, 797,296 298,487,979 447,682,692 308,274,489 449,123,504 806,142,869 447,949,416 306,399,009 446,557,662 314,764,019 447,445,542 306,644,939 452,3o7,023 304,382,054 459,671,478 342,756,194 468,170,438 Currency certificates. $32,465,000 88,470,000 60,380,000 65,350,000 76,625,000 74,460,000 69,905,000 65,735,000 61,180,000 62,335,000 63,275,000 52,825,000 48,285,000 48,640,000 43,315,000 49,075,000 48,430,000 87,900,000 26, 915,000 26,540,000 26,045,000 21,975,000 20,280,000 17,635,000 20,055,000 20,190,000 20,465,000 22,170,000 28,105,000 22,835,000 21,265,000 21,340,000 20,855,000 19,955,000 19,170,000 15,870,000 18,735,000 13,605,000 11,980,000 14,580,000 15,270,000 14,885,000 7,260,000 4,785,000 3,705,000 2,680,000 2,560,000 1,820,000 1,780,000 1,690,000 1,560,000 995,000 995,000 Total. $428,439,481 432,798,870 444,873,239 464,273,162 477,779,820 475,942,492 471,080,938 465,941,637 456,752,287 457,500,529 468,156,126 464,348,858 457,938,028 458,664,876 456,568,281 459,085,699 465,158,216 461,990,097 455,553,673 453,648,474 452,624,719 446,788,116 448,743,382 446,454,644 446,571,484 448,288,795 447,997,264 447,647,623 452,472,544 454,101,655 454,489,278 465,424,831 455,380,612 455,687,184 491,491,334 614,697,440 586,804,758 558,806,002 568,148,618 595,981,984 696,639,824 591,021,210 611,981,219 617,811,948 612,759,816 620,840,708 .628,824,096 631,196,084 688,756,714 664,549,753 656,747,882 696,401,601 680,884,429 675,492,419 683,838,821 680,906,147 675,856,477 686,518,168 692,893,491 712,955,131 728,488,996 730,150,641 727,489,961 750,516,319 749, 552,995 746,070,571 752,897,998 754,092,285 752,956,671 762,209,561 759,001,962 768,958,582 805,926,632 233 TREASURER. No. 48.—ESTIMATED AMOUNT OP ALL K I N D S OF M O N E Y I N CIRCULATION T H E END O F E A C H M O N T H , F R O M J A N U A R Y , 1 8 9 0 . Month. 1890—January . . . February.. March April May :. June July August September. October November. December . 1891—January . . . February .. March April May June July August September. October -November. December . 1892—January . . . February.. March April May June. July August September. October November. December . 1893—January . . . February.. March April May June...' July August September. October . , . November. December. 1894—January . . . February.. March April May , June July August September. October ... November. December . 1895—January... February.. March April May : June July August September. October ... November. December. 1896—January... February.. March April May , June July , August September Gold. Silver. Notes. Certificates. AT Total. $374, 937,316 $113,608,777 $615,719,251 $431,618,940 $1,435, 784,284 514,618,290 873, 507,203 112,322,742 425,Oil,066 1,425,859,301 518,438,765 378, 624,488 111,882,628 483.203.641 1,487,'099,522 516,998,969 374, 810,922 110,799,016 4.86,861,187 1,487, 470,094 510,005,445 375, 246,856 110,264,048 485,299,482 1,430,815,326 504,448,649 874, 896,881 110,236,099 440,420,062 1,429,496,191 602,185,113 376, 114.196 111,266,631 443,018,662 1,481, 578,602 506,784,731 879, 058,187 113,456,560 436,678,749 1,485, 917,227 518,004,630 886, 939,723 118,444,300 474,415,946 1,497, 804,599 621,832,899 400, 878,130 123,351,222 468,290,156 1,498,852,407 527,707,019 405, 105,897 125.521.324 446,162,998 1,604, 497.238 532,810,752 411, 080,597 126,198,177 459,146,742 1.528,736,268 522,410,612 409, 441,835 122,542,578 471,048,585 1.625,488,060 525,328,516 408, 752,874 120,906,191 468,211,388 1,518, 198,969 536,071,998 408, 468,850 120,175,012 466,094,604 1.529, 810,464 585,876,758 408, 862,781 119,061,825 465,824,239 1.529, 125,108 629,092,375 406, 661,860 117,721,986 450,415,717 1,503,•891,888 526.099.477 408, 078,806 115,973,965 449,579,647 1,499,726,795 625,818,684 407, 680,012 115,927,848 450,271,508 1,499,647,492 627,756,848 406, 746,835 117,113,365 454,816,400 1,505, 931,948 550,026,495 408, 388,304 119,858,621 452,318,056 1.530, 531,476 566,473,286 406, 770,367 124,240,597 468,007,961 1,564,492,161 405, 931,402 125,642,641 672.499.448 473,288,579 1,577.,262,070 407, 999,180 125,103,021 677,490,841 478,188,687 1,588, 781,729 407, 833,022 122,632,601 578,312,239 500,077,266 1.603, 855,128 407, 818,501 121,573,237 514,492,465 566.679.689 1,609, 558,892 407, 614,418 121,019,897 509,852,378 670,155,327 1,608, 641,520 407, 615,949 120,387,980 511,218,695 574,354,720 1.613,572,244 408, 911.657 119,888,259 518,815,874 572,949,939 1,620, 010,229 408, 767;740 119,186,002 497,946,142 577,173,454 1,608, 078,888 410, 447,360 120,878,799 490,918,652 580,204,514 1,601, 949,325 411, 154,411 121,620,025 478,886,524 587,696,624 1,599,256,584 411, 524,829 124,485,312 465,860,226 594,690,116 1,596,049,983 411, 252.197 127,657,863 455,357,881 611,871,794 1.606,189.785 410, 367,863 129,101,941 620,486,820 454.888.642 1.614, 790,266 412, 970,960 180,150,203 621,834,661 446,228,150 1, 610,683,874 411, 688,068 127.787.325 610,244,567 458,288,479 1.607,958,489 409, 817,138 124,453,928 610,466,615 454,917,861 1.599, 656,542 407, 799,951 125,689,365 618,017,528 451,113,962 1, 602,520,806 410, 769,520 125,092,526 620,356,535 442,819,755 1,599,028,335 407, 946,944 124,217,091 623,448,305 440,540,561 1,596,151,901 403, 638,700 122,430,011 636,268,516 431,394,184 1,593,726,411 416, 909,941 120,281,118 648,303,639 425,654,419 1,611,099,017 469, 466,868 125.989.868 672,881,050 412,225,385 1,680, 562,671 296,109 122,982,878 681,928,203 412,782,733 1,701,989,918 121, 679 123,036,625 670,455,837 426,931,541 1,718, 644,682 058,Oil 128,967,567 658,178,636 489,790,076 1,726,994,290 602,811 123,724,329 660,688,297 446,002,829 1,729,018,266 857,916 116,844,420 643,469,448 452,111, 727 1,789,783,511 880,883 114,496,458 629, .488,836 449,859,976 1,690,675,162 118,113,682 629,025,097 462,474,173 496, 101,956 1.690, 714,808 111,780,438 624,552,395 457,666,429 497, 894,783 1.691, 798,990 109,896,941 610,388,800 458,584,508 496, 799,152 1,675, 401 109,424,721 604,388,731 452,373,790 497, 873,990 1,664,061,232 109,210,342 697,126,358 452,188,967 499, 103,577 1,657, 574.239 109,959,358 590,852,596 448,961,946 497, 407,686 1,646, 671,481 112,521,011 591,325,665 451,066,158 500, 126,248 1,655, 038,982 116,686,669 606,786,003 449,440,870 600, 181,880 1,672,098,422 119,066,832 604.002.449 465, 789,187 448.377.988 1,687, 226,461 120,561,176 689,061,377 485, 501,876 481,444,698 1.626, 568,622 117,584,059 578,143,964 506, 189,411 416,740,081 1.613, 657,616 115,589,957 576,127,816 468, 568,100 414,249,184 1,574, 534,567 113,790,903 681,484,677 479, 493,899 409,414,945 1.584, 184,424 113,066,719 593,994,630 483, 111,625 409,261,280 1,599, 434,154 112,599,057 591,472,829 483, 770,430 418,337,740 1, 606,179,656 112,202,880 588,135,710 480. 275,067 428,518,821 1.604, 131,968 112,279,214 691,083,265 486, 778,610 425,392,697 1.614, 538.786 112,675, OOI 661,712,024 479, 787,653 449,408,850 1,603, 688,028 116,556,070 664,233,001 469, 884,062 444,920,876 1.585,593,609 122,186,851 660,876,977 475, 181,593 440,613,896 1,'" 859,816 124,176,832 557,741,671 480, 252,104 482,024,872 1,594; 195,479 128,623,612 484, 728,547 417,618,087 568.236.478 1,579, 206,724 121,016,811 499, 262,686 410,387,188 659,053,922 1,589,720,607 119,260,002 445, 298,691 409,108,962 555,084,502 1,628, 742,057 117,763,056 446, 912,256 414,731,675 550,222,477 1,628, 629,463 454, 225,656 414,816,972 116.091.869 554,872,585 1,640, 007,082 456, 876,439 412.704.989 114,074,044 538,928,811 1,521, 584,288 456, 128,483 405,420,268 112,176,803 536,000,646 1,509,725,200 446, 298,944 412,490,150 111,668,358 1,514, 908,142 546.466.690 463, 996,969 428,002,538 113,145,848 1,539, 169,634 639,026,784 478, 771,490 427,473,118 116,741,476 1,682, 302,289 659,316,210 234 No. REPORT ON T H E F I N A N O E S . 48.—ESTIMATED AMOUNT OF ALL K I N D S OF MONEY IN CIRCULATION AT THE END OF EACH MoNTH, FROM JANUARY, 1890—Continued. Month. 1896—October . . . November. December . 1897—January... February.. March April May June July August September October . . . November. December. 1898—January... February . March April May June July August September October . . . November. December. 1899—January... February.. March April May June July August September. October November. December , 1900—January . . February.. March April May June July August^ September. October November. Pecember . 1901—January . . . February.. March April May June July August September, October November, December . 1902—January . . . February., March April May June , July August September, October.... Gold. $516, 516; 617, 615, 616, 617, 517, 620, 619, 619, 62i: 628: 539; 644, 647, 551 553; 582, 617 649; 660, 645, 630, 622, 649, 658, 667 696; 702, 694; 701 724: 702: 7oo: 672: 646: 684; 627, 617: 6I9; 612 6I2: 616: 618; 614, 622: 620: 620: 621 624; 629, 615, 628: 626, 629: 628: 630: 630: 630: 63i: 683: 632, 635: 634; 633, 635, 637, 681 632, 631 632: 624: 624: Silver. $119, 119; 120, 117 116, 114, 118, 113 111 110, 112, 118, 128, 126, 127 124; 123, 128 123; 121, 121 121 122; 127 I82; 133, 135, 182, 132; 134; 133, 133, 134: 138: 137: 142: 147: 147: 147: 143; 143 143: 148: 143; 142, 142, 144, 160, 154, 155, 159, 154; 152, 153: 149: 148146: 146: 148: 152; 157, 167 158: " 155; 152 i5i: 152: i5i: 154; 165, 158, 164 169: Notes. $562,912, 577,188: 566,923; 668,985, 565,511 561,178; 564,203, 560,256, 558,899, 559,109, 563,653, 568,075, 686,891, 691,816, 689,752, 594,886, 684,041 588,757 611,022; 615,039, 608,367; 695,876, 690,162, 620,115, 637,841 645, 626; 645,696, 641,212, 641,786: 644,856: 644,493; 642,314: 640,985: 641,537: 640,302: 644, 643: 645,225: 645,089: 647,205, 644,402; 650. 026 674,6IO; 688,673, 695,447 692,023; 701,864, 702,475, 711,448, 724,148, 728,979, 728,006, 724,506; 729,872, 781,773, 738,130, 727,502, 725,134 925,688, 726,049 730,292; 731,840, 730,716, . 729,462 719,562; 718,141 718,910; 718,661 716,917 709,571; 712,111 715,821 722,056; 736,894, Certificates. Total. $428,489,' ),481 $1,627,065, 482,798, i 1,646,444, 5,870 444,873,: , 289 1,660,228, 1,665,977, ,162 464,273,: 1,675,694, ),820 477,779,; ,492 1,669,000, 475,942,' 471,080,,<988 1,666,660, 1,659,733, 465,941,,637 ( 1,646,028, ,287 456,752,'. 1,646,471, ,629 457,500,i 1,665,680, ,126 468,156,: 1,678,840, 464,348,,858 <• 1, 706,782, 5,028 457,938,1 1,721,084, ,876 468,664,1 ,281 1,721,100, 456,668,'. .459,085,,699 ( 1,729,991, 465,158,,216 i 1,726,376, 461,990,,097 ( 1,756,058, 456,553,,573 i 1,806,761, ,474 453,648,' 1,839,898, ,719 1,843,485, 452,624,' 446,788,: 1,809,198, 5,115 ,382 1,792,096, 448,743,; t,644 446,454, ( 1,816,696, 446,671,' .,484 1,866,675, 448,288,' 5,795 1,886,879, 447,997,: ,254 1,897,801, 447,547,1 1,918,260, ,628 1,928,842, 452,472,1 >,644 454,101,>,655 1,927,846, 454,489,; 1,938,867, ,278 456,424,.' 1,955,501, ,881 ), (612 1,932,484, 455,380, 455,687,: ,184 1,931,117, 491,491,; ,384 1,942,181, 514,697,' 1,948,703, ,440 536,304,' 1, 968,716, ,758 ),002 1,978,528, 558,806,1 568,143,,618 ( 1,980,898, 695,981,,934 • 2,008,149, ),824 2,002,931, 596,639, J ,210 2,021,274, 591,021,! 611,981,; ,219 2,060,525, ,948 2,074,687, 617,811,' ), 816 2,062,425, 612,759,i ),703 2,087,863, 620,840,' 2,096,688, 628,824,,096 ( ), 084 2,118,294, 631,196, ( ), 714 2,139,181, 638,756,' ), 756 2,158,761, 654,649,' ^832 656,747,; 2,173,251, 696,401,,601 ( 2,190,780, 679,889,' ),429 2,190,609, 676,492,' J, 419 2,187,243, 683,833,; 5,321 2,195,304, 680,906,: ),147 2,184,497, 675,356,' 2,177,186, ),477 686,618,: 2,189,487, 5,168 692;893,' 5,491 2,197,789, 712,955,: ), 131 2,227,188, 723,488,' 5,996 2,246,300, 780,150,1,541 i 2,250,256, 727,489,' 2,250,627, ),961 750,516, 'i 2,259,951, ),819 749,552,< J, 996 2,258,969, 746,070, { ),671 2,252,047, 752,397,' 2,260, 750, 7,998 754,092,; 2,254,415, ^285 752,956, ( 5,671 2,249,890, 762,209, { 2,-260,606, ),561 769,001,! ,962 2,264,932, 763,958, { 5,532 2,275,686, 805,926, ( ),682 2,386,III, TREASURER. 235 N o . 4 9 . — E S T I M A T E D AMOUNT OP GOLD AND GOLD CERTIFICATES, SILVER AND SILVER CERTIFICATES, AND NOTES AND CURRENCY CERTIFICATES IN CIRCULATION AT THE END OP EACH MONTH, PROM JANUARY, 1 8 9 0 . Month. 1890—.January February . . March April May June July August September. October November . December.. 1891—January February . . March April May June July August..... September. October November . December.: 1892—January February . . March April '.. May June July August September. October November . December.. 1898—January . . . February ... March April May June July August September. October November . December.. 1894—January . . . February . . March . . . . . April May June July August September. October November . December.. 1895—January . . . February . . JSIarch April May June July August September. October November . December . 1896-^January February... March April May June July Silver and Notes and Gold and goldj silver certifi- [currency cercertificates. cates. Total. $513, 594,485 $394,840,648 $527,849,251 $1,435,784,284 396,499,004 524,748,290 504, 112,007 1,425,859,301 402,488,190 526,098,765 508, 662,567 1,437,099,622 403,722,864 524,793,969 608, 953,761 1,487,470,094 404,920,126 519,8605 445 I,480,815,.826 606, 034,755 407,446,142 616,273,649 505, 776,400 1,429,496,191 410,014,644 514,005,113 507, 558,945 1,431,578,602 416,926,770 516,554,731 503, 436,726 1,435,917,227 427,765,607 524,994,630 545, 044,462 1,497,804,699 431,557,399 528,742,899 588, 552,109 1,498,852,407 434,097,828 538,977,019 536, 422,396 1.504.497.238 434,487,640 539,120,752 555, 127,876 1,528,736,268 665, 280,784. 426,886, 664 583,770,612 1,625,438,060 424,728,450 587,598,516 655, 72,003 1,618,198,969 429,807,547 547,216,998 552, 785,919 1,529,810,464 431,994,765 549,376,758 547, 753,580 1,629,126,108 428,263,314 546,842,375 • 1,503,891,888 528, 786,199 428,338,118 547,464,477 528, 924,205 1,499,726,795 428,218,457 553,083,684 523 345,401 1,499,647,492 484,701,686 556,211,843 ~1,505,981,948 516, 018,414 441,875,108 567,871,495 620, 784,873 1,530,531,476 445,383,239 576,238,236 642, 870.686 1,564,492,161 446,416,251 582,264,448 548, 681,871 1,577,262,070 445,920,589 586,755,841 556, 105,299 1,588,781,729 442,770,908 590,072,239 571 Oil,981 1,603,855,128 446,714,428 567 814,780 595.029.689 1,609,558,892 446,702,546 561 943.647 599,995,827 1,608,641,520 447,677,876 561, 829.648 604,564,720 1,613,572,244 447,128,424 566, 206.866 606,679,989 1,620,010,229 446,066,805 550, 003,079 607,008,454 1,608,073,838 447,715,622 547, 809,189 606,924,514 1,601,949,325 449,809,170 539, 541,790 609,905,624 1,599,256,584 451,335,139 532, 784,728 611,980,116 1,596,049,988 452,210,395 531, 507,646 622,421,794 1,606,139,736 452,566,774 '583,556,672 628,666,820 1,614,790,266 452,185,214 530, 064,099 628,434,561 1,610,683,874 450,929,985 532, 838,887 624,694,567 1,607,958,489 445,733,060 524, 205.867 629,716,615 1,599,655,542 448,548,318 519, 284,960 684,687,528 1,602,520,806 446,800,251 516, 031,549 636,196,535 1,599,028,885 446,832,683 509, 415,918 640,403,805 1,596,151,901 448,919,176 496, 608,719 648,203,516 1,593,726,411 450,419,508 504: 520,970 656,158,639 1,611,099,017 452,196,204 549: 880,417 678,486,050 1,680,562,671 447,888,007 563: 923,708 690,128,203 1,701,989,918 448,752,857 577: 010,988 692,780,887 1,718,544,682 452,389,564 588: 221,090 691,383,686 1,726,994,290 453,269,979 • 586, 689,783,297 014,990 1,729,018,266 447,005,728 604, 373,835 688,404,448 1,789,788,511 445,616,705 567, 766,112 677,293,385 1,690,675,152 442,660,846 566, 408,865 681,745,097 1,690,714,808 442,086,413 567, 885,182 681,822,395 1,691,798,990 439,856,900 566, 178,701 669,638,800 1,675,669,401 436,519,102 564, 218,399 668,323,731 1,664,061,232 438,702,080 565, 050,806 658,821,858 1.657.574.239 485,177.330 568, 076,555 648,417,596 1,646,671,481 443,041,780 564, 916.687 647,080,565 1,655,088,982 447,829,970 564, 488;449 659,830,008 1,672,098,422 451,373,916 524, 715,086 661,137,449 1,637,226,451 451,638,960 688; 868,285 636,066,377 1,626,568,622 444,051,331 558, 887,220 610,768,964 1,613,657,515 441,406,372 520, 075,869 613,052,816 1,574,634,557 437,587,659 528, 837,088 618,309,677 1,584,184,424 4,36,281,990 631, 862,584 681,289,680 1,599,434,154 484,152,228 532, 309,999 689,717,329 1,606,179,556 481,934, 632 648,540,710 528, 656,626 1,604,131,968 482,634,332 533, 896,189 648,003,265 1,614,588,786 486,447,262 628, 868,742 638,267,024 1,608,583,028 446,990,907 520, 529,601 618,073,001 1,585,598,509 455,643,087 525, 599,252 617,616,977 1,698,859,316 460,082,725 530, 486,088 603,676,671 1,594,195,479 459,700,260 534, 664,986 584,841,478' 1,579,206,724 452,681,150 549, 110,636 587,978,922 1,689,720,607 451,805,946 489, 026,610 587,909,602 1,628,742,057 464,795,481 489, 151,505 684,682,477 1,528,629,468 454,926,282 497, 278,215 587,802,585 1,540,007.082 450,887,124 572,858,811 838,348 1,621,584,288 443,435,312 667,840,646 449,242 1,609,725,200 443,820,029 1,514,903,142 484, 587,423 686.996.690 236 No. REPORT ON T H E F I N A N C E S . 49.—ESTIMATED Month. 1896—August.... September October... November. December. 1897—January... February.. March April May June July August September October... November. December. 1898—January... February.. March April May June July August September October . . . November. December. 1899—January... February.. March April May June July........ August September October... November December. 1900—January... February . March April May June July August September October... November December. 1901—January... February.. March April May June July August September October... November December. 1902—January... February . March April May. June July .^ Augu.st September October... AMOUNT OF GOLD AND GOLD CERTIFICATES, SILVER CERTIFICATES, ETC.—Continued. Silver and Notes and Gold and gold silver certifi- currency cercertificates, cates. tificates. $502,868,608 517,608,129 664,638,288 554,746,631 655,630,668 563,054,768 658,860,515 554,682,096 664.743.695 657,609,752 556,432,694 656,301,181 558,866,852 664,997,812 676,088,062 581,220,157 684,126,049 688,079,688 590,825,671 618,448,941 652,99b, 609 685,455,090 696,780,019 680,939,783 666,166,176 658,043,721 685,185,636 694,267,162 702,996,838 780,027,839 785,272,108 727,748,591 788,922,471 757,068,866 734,716,728 732,850,178 741,622,181 746,234, 744 762,244,252 778,888,308 779,100,627 804,830,065 793,599,826 785,845,649 814,068,155 822,673,829 .815,474,460 829,961,517 831,084,025 829,167,658 837,357,282 856,949,262 861,980,607 891,244,084 885.882.696 875, 111, 053 882,500,594 879,306,625 876,123,467 886,014,724 889,880,369 908,718,436 915,537,130 914,300,089 918,871,619 942,238,686 939,210,284 983,682,740 940,707,441 938,034,496 938,793,298 945,920,452 938,854,057 929,110,114 967,129,839 ,885,242 471,,172,950 477;, 139,660 476,,039,812 477,839,605 i, 587,089 478; 479,,797,868 1,779,965 478, 477,,708,091 1,082,891 476, ', 566,110 469, ,,725,654 468, 1,885,298 479; 1,942,484 492, 496,, 468,626 1,408,778 499, 508,,906,973 497,,950,176 508,,679,142 I 952,297 510, 515,,838,855 :, 868,688 512, ;, 242,618 512, 1,407,229 510; ,,488,209 515, 1,802,503 520, ;, 493,782 523; ,,795,765 526, ,, 143,366 528, :, 850,288 624; ;, 679,924 528, ;, 907,108 532, :, 186,768 584, 634,,777 839 535,,926,776 536,,774,541 641,,036,418 ;, 954,886 642: :, 611,143 542; 541.,•445,988 542:, 112,184 589,836,477 544,,085,791 546,,483,680 66O:,628,461 551:,781,764 ., 222,873 551: 1,867,836 552: 1,568,872 560; 570,,874,193 575,,895,401 577:,142,246 ., 705,192 68I: 574:,034,503 574;,854,887 680,359,887 579:,678,144 577:,688,375 575;,928,719 677,,834,824 :, 360,109 582: i, 177,194 588: 1,928,208 598: 1,239,850 605: 607,798,972 5981,1-50,192 ;, 617,609 596: ^ 454,479 599' 601,381,433 1,464,045 599; 601,,026,289 :, 574,466 602, ^ 756,985 610, 624,,521,402 632,587,311 $577,420,784 693,621,210 596,877,666 615,658,803 617,253,127 634,885,891 642,086,580 686,688,638 634,108,697 626,041,262 620,029,642 621,444,304 626,928,453 620,900,742 684,176,216 640,456,608 633,067,618 648,961,369 632.471.846 626,657,407 637,987,078 641,579,478 634,412,612 617,851,382 610,442,161 637,750,168 657,896,864 665,816,587 666,161,208 668,382,930 664,890,580 667,191,248 665,768,653 668,654,804 661,840,785 661,492,490 659,472,542 660,518,656 658,960,753 658,694,442 659,185,359 658,982,813 665,296,174 688,945,327 695.938.847 700,232,278 695,728,163 704,544,056 705,035,145 718,263,182 725,928,779 725,669,859 729,566,180 725,501,626 729,872,061 781,773,140 738,130,497 727,581,890 725,214,094 725,717,601 726,049,856 730,292,861 781,840,204 780,716,791 729,462,899 719,662,881 718,141,866 718,910,138 718,661,368 716,917,434 709,571,014 712,111, 219 716,321,903 722,055,135 736,394,842 SILVER AND Total. 639,169,634 582,802,289 627,055,614 646,444,746 650,228,400 665,977,688 675,694,953 669,000,694 666,560,888 659,733,895 646,028,246 646,471,139 665,680,098 678,840,588 706,732,904 721,084,538 721,100,640 729,991,228 726,876,659 756,058,645 806,761,442 889,898,256 843,485,749 809,198,344 792,096,645 816,596,892 866,675.782 886,879,504 897,301,412 918,260,557 928,842,612 927,846,942 988,867,892 955,501,009 932,484,239 931,117,204 942,131,141 948,703.186 968,716,148 978,628.783 980,398,170 003,149,856 002,931,791 021,274,506 060,625,463 074,687,871 062,425,496 087,353,408 096,683,042 113,294, 983 189,181,412 158,761,367 178,251,879 190,780,213 190,609,144 187,243,580 195,304,235 184,676,890 177,266,280 189,567,149 197,789,824 227,188,491 246,300,542 250,25^, 230 250,627,990 259,951;709 258,969,259 252,047,367 260,760,242 254,415,975 249,890,551 260,606.187 264,932,946 276,686,651 386,111,992 237 TEEASUEEE. N o . 5 0 . — C H A N G E S I N T H E V O L U M E O F M O N E Y I N CIRCULATION, FROM I N T E R N A L E X P A N S I O N A N D CONTRACTION, A N D FROM IMPORTS A N D E X P O R T S O F G O L D , DURING EACH M O N T H , F R O M J A N U A R Y , 1890. Month. 1890—January.... February . . March April May June July August September . October November . December.. 1891—January February . . March April May June July -August September. October November . December.. 1892—January February . . March April . May Jurie July August September. October — November . December.. 1893—January February . . March April May June July August September. October November . December.. 1894—.January February . . March_ April. J May June July August September. October November . December.. 1895—January February . . March April May June July August..... September. October November . December.. 1896—January . . . February . . March April May June July Internal Internal Net imports Net exports of gold, a expansion. contraction. of gold. $10,780,726 II,574,618 944,674 805,748 165,608 1,148,596 4,-285,682 18,888,371 8,967,880 8,794,249 16,158,061 13,244,437 6,134,897 11,374,401 5,554,223 5,061,864 17,493,395 17,872,833 4,280,141 5,755,809 14,767,851 9,383,982 2,808,178 11,965,506 9,701,048 $10,424,983 $574,002 7,718 3,345,536 10,664,975 411,288 6,647,050 2,026,401 12,747,386 4,749,913 60,743,867 1,144,005 2,196,403 1,359,249 6,400,659 669,672 3,444,842 4,541,566 13,929,798 80,368,112 15,539,494 5,633,526 1,222,587 7,106,188 16,088,352 8,489,768 5,764,350 805,548 8,680,218 3,225,560 7,034,782 3,268,063 16,685,477 10,240,198 6,716,699 2,324,127 9,116,186 8,023,968 882,474 7,456,672 7,211,966 7,232,797 9,488,118 4, 685,171 4,870,255 14,852,608 12,829,326 2,634,080 1,438,666 5,776,401 40,622,529 6,242,083 1,072,919 4,139,882 11,596,205 28,841,125 16,135,164 15,581,845 4,309,776 3,982,276 11,339,086 573,790 1,068,385 2,929,241 9,402,110 28,124,058 22,376,872 12,828,'572 1,935,303 48,040,024 2,968,897 10,481,292 6,999,469 10,768,703 6,336,679 8,967,455 7,949,388 16,634,589 36,374,359 1,238,390 43,189,961 4,011,338 4,067,003 4,120, 290 2,029,761 3,271,198 1,963,760 817,8-56 5,781,686 • 685,361 25,283,216 4,165,093 79,308 6,284,451 24,599,533 33,960,685 12,769,909 11,519,659 15,073,899 5,708,764 917,372 4,980,724 6,487,986 16,936,891 1,124,018 2,692,741 8,206,601 4,106,392 2,725,485 8,302,897 2,865,264 8,492,471 2,876,434 2,425,490 17,372,606 69,468,654 21,377,247 16,604,764 8,449,608 2,028,976 10,765,245 49,108,359 89,656 1,079,182 16,124,589 11,608,169 6,486,998 10,902,758 84,866,971 10,657,829 12,911,107 89,122,958 9,649,867 15,249,730 6,745,402 2,047,588 8,296,067 15,133,175 16,674,609 76,857 13,468,188 14,170,899 198,586 18,342,664 8,804,851 70,853,939 406,247 8,298,208 7,289,091 11,611,495 9,424,439 24,698,489 13,697,886 4,182,417 14,040,117 76,616 6,654,768 1,819,185 2,082,411 4,338,625 61,887,372 1,047,808 5,644,881 24,239,030 8,867,601 17,054,440 418,118 519,851 1,507,388 11,787,382 5,529,577 13,219,969 8,474,209 11,740,221 370,672 10,089,752 8,650,581 11,889,189 12,218,558 12,988,068 1,504,991 18,844,979 15,205,760 1,701,644 723,946 10,401,818 10,950,758 17,989,519 13,265,807 4,668,837 14,988,755 10,518,883 9,875,389 293,658 60,978,650 112,594 2,662,498 11,877,619 18,499,415 6,077,397 10,402,213 "5,"i77,'942 a Imports and exports of gold in the ore not included. Net decrease. $5,518,876 $4,914,507 16,680,166 Net increase. 18,422,799 11,859,083 238 N€>. REPORT ON THE 5 0 . — C H A N G E S IN FINANCES. THE VOLUME OF MONEY IN CIRCULATION, FROM INTERNAL EXPANSION AND CONTRACTION, ETC.—Continued. Month. 1896—August September. October November . December.. 1897—January . . . February .. March April May June July August September. October November . December.. 1898—January . . . February .. March April :. May J'Une July August September. October November . December.. 1899—January . . . February .. March April :. May -... .June July August September. October November . December.. 1900—January . . . February .. March April........ May June July August September. October — November . December.. 1901—January . . . February .. March April May June July August September. October — November . December.. 1902—January . . . February .. . March April May June July August September. October.... Internal Net imports Net exports Internal of gold, a e x p a n s i o n . c o n t r a c t i o n . of g o l d , a $22,179,495 9,034,575 17,135,410 12,468,803 1,617,895 15,569,611 9, 509,262 $7,006,867 3,569,643 2,079,057 1,520,378 5,830,007 "7,'9i3,'266' 126,075 19,681,283 20,127, 837 728,248 35,235,823 30,241,443 11,109,993 84,956, 759 16,497, 742 8,476, 743 16,871,489 6,308,084 .2,712,569 5,037,716 21,048,117 $6,009,954 8,905,545 6,975,385 4,867,922 2,392,807 4,146,501 11,040,095 1,845,678 1,636,476 3,060,581 4,298,697 29,555,911 81,021,514 18,009,477 2,809,245 998,418 18,189,644 18,889,854 15,022,631 3,806, 980 6,946,165 4,087,656 4,273,971 1,716,899 983,234 690,000 4,860,437 1,119,713 10,379,499 5,121,929 9,552,673 13,936,535 8,825,297 26,970,199 6,020, 950 21,633,117 121,434 531,205 1,088,427 9,100,181 6,841,102 15,640,894 2,687,707 8,829,044 9,464,380 2,540,467 4,668,142 12,262,876 24,918,912 9,838,634 16,611,941 25,886,429 19,579, 955 14,490,512 17,528,884 171,069 3,365,564 8,445,191 9,204,928 2,581,162 1,530,707 1,522,417 4,729,448 2,412,889 6,542,873 1,017,168 5,096,678 5,408,077 18,842,715 39,250,957 14,162,408 1,028,756 1,229,175 11, 505,846 13,831,576 5,809,836 22,856, 294 18,094,883 15.215,854 3; 445,496 10,541,118 1,690, 254 891,770 10,641,084 23,016,770 1,367,085 11,018,987 6,572,045 15,012,962 14,812,585 1,869,487 22,751,185 217,564 2,281,586 1,194,825 4,594,789 18,206,810 5,741,434 8,795, 587 53,316,945 84,287,405 17,101,799 24,499,847 49,979,390 20,803,722 10,421,908 20,959,145. 10,582,055 18,156,333 247, 322 6,421,268 22,687,826 24,979,028 18,924,234 17,057,885 10,115,625 11,950,045 22,191,476 442,893 19,208, 959 18,160,440 27,892,366 14,351,684 16,102 8,890,588 8,614,569 6,955,860 4,219,014 17,811,510 88,217,530 28,262,539 $6,694,259 2,440,311 6,826,488 13,705,649 29,681,986 50,702,797 33,186,814 3,537,493 634,438 1,450,116 6,460,289 876,050 838,998 Net decrease. $24,266,492 43,132,655 44,753,325 19,389,132 3,778, 654 15,754,288 9,717,265 $2,086,997 84,098,080 27,617,915 6; 920,829 2,161,259 184,677 208,003 312,098 "e," 736," 314" 6,310,815 16,816,152 9,013,939 16,852,271 12,505, 956 Net increase. 11,260,166 3,073,786 1,217,899 7,672,704 2,813,672 1,938,199 1,237,589 ;, 060,655 10,727,845 7,310,610 12,800,869 8,222, 675 29,398,667 19,112,051' 3,955,688 371,760 9,823,719 6,982,450 1,921,902 8,702,885 6,884,267 5,025,424 877,658 6,990,724 1,414,626 1,958,169 7,108,896 a I m p o r t s a n d e x p o r t s of g o l d iri t h e ore n o t i n c l u d e d . 11,215,586 4,826,808 10,758,706 60,425,341 239 TREASURER. N o . 5 1 . — U N I T E D STATES NOTES AND TREASURY NOTES REDEEMED IN GOLD, AND IMPORTS AND EXPORTS OP GOLD, DURING EACH MONTH FROM JANUARY, 1890. United States notes. Month. 1890—January February.. March April May June... July August September. October November. December . 1891—January . . . February'.. March April : May June ^ July :.. August September. October November. December . 1892—January February.. March April May June July August September. October — November. December . 1898—January . . . February.. March April • May June July August . . . . September. October— November. December . 1894—January . . . February.. March April May June July August September. October November. December . 1895—January . . . February.. March April May June July August September. October November. . December . 1896—January February.. March April .. May June July '. August $111.295 10 893 9 518^ 19 464 30 164 11 987 45 ?90 19 740 12 650 11 520 24 87881 954 47 229 41 498 66 899 41 055 2,288 479 8,855 458 1,835 912 297 688 242 820 481 249 191 254 127 746 152 098 205 880 476 401 438 166 334 823 568 326 4,086 055 1,049 414 2,264 089 282 665 406 206 5,699 755 6,859 126 6,811 299 1,641 928 12,568 555 12,076 934 8,073 104 771 935 1,189 767 143 692 262 512 299 252 296 523 118 841 10,982 624 2,266 426 6,072 042 25,131 412 20,708 492 18,867 864 4,209 853 636 031 2,542 719 7,085 188 30,819 622 43,415 283 4,784 907 809 495 783 525 784 747 644 621 3,122 620 16,218 815 17,119 814 1,849 018 16,616 190 19,787 951 15,686 024 21,080 551 6,381 296 6,764 718 21,726 600 7,963 994 16,275 406 11,388 806 a Imports and exports of Treasury notes. $281,810 214,840 190,220 159,960 270,370 256,830 258,570 287,800 1,854,200 5,148,650 5,091,460 1,823,710 316,200 291,940 4,638,057 5,187,491 8,017,865 3,284,680 7,483,355 4,470,915 1,177,547 264,080 1,158,465 197,135 432,880 217,120 221,895 287,515 8,210,780 1,194,766 1,594,085 1,409, 670 1,461,401 555,511 531,560 300,487 5U5,171 714,614 1,087,599 1,702,455 776,046 279,690 284,046 431,745 401,675 704,175 345,252 257,670 317,865 418,400 424,744 762,484 656,325 476,250 376, 900 312,947 297,853 1,009, 672 980, 919 gold i n t h e Total Imports of gold, a $111,295 $1,059,887 10 898 1,476,483 9 518 1,622,432 19 464 478,358 80 164 280, 902 11 987 385,830 45 990 . 1,195,054 19 740 I,724,566 12 650 1,425,682 11 520 2,621,638 24 873 1,926,401 6,088,018 31 954 1,897,918 47 229 665, 304 41 493 614,170 66 899 41 055 233,318 212, 648 2,288 479 282,906 3,856 458 1,885 912 1,029,148 297 638 1,894,755 242 820 7,451,428 16,897,947 768 059 8,871,717 406 094 6,018,851 817 966 652,014 312 053 2;826,962 476 200 3,084,406 732 731 487,041 696 726 591,169 622 128 2,422 526 494,026 9,234 705 542,440 6,140 874 333,282 4,087 799 1,803,586 3,118,830 698 865 2,577,212 698 146 10,237 812 1,640,538 11,496 617 370,848 18,828 664 1,257,589 6,608,487 4,926 453 20,051 910 808,986 16,547 849 1,708,567 4,250 651 1,009,682 1,086 016 6,960,613 2,848 222 41,672,031 6,678,945 340 727 1,588,987 695 392 4,471,575 516 372 746,245 517 418 705,647 856 856 19,198 364 2,140,982 3,461 192 1,091,892 7,666 127 2,821,661 26,541 082 4,282,748 22,169 898 908,348 18,928 375 1,406,629 4,741 418 3,188, 848 656,595 986 518 3,047 890 1,602,665 7,799 747 1,985,601 31,907 221 877,950 45,117 788 1,281,839 5,560 952 5,632,197 1,089 085 7,246,384 1,017 571 4,923,871 4,856,264 1,166 492 2,095,391 1,046 196 671,451 3,826 795 16,564 067 1,534,086 17,877 484 749,456 1,797,040 2,166 888 16,084 590 591,809 20,212 695 1,310,448 10,367,940 16,448 508 21,736 876 11,559,089 6,856 546 677,783 7,130 618 1,119,768 22,089 547 604,498 8,261 847 837,669 17,286 078 1,606 928 12,869 725 4,057,101 ore not included. Exports of gold, a $460,969 1,170,690 -1,456,824 1,052,856 288,620 3,781,366 11,860,029 2,135,858 281, 627 425, 236 667,152 632,864 728,246 4 010 146 5,155,786 14,163,116 80,680,760 15,822,400 6,662, 674 172,168 345,290 809,596 881, 949 264,501 246,466 6,507,180 . 6,809,956 7,621,823 3,854,222 17,129,608 10,782,638 6,049,981 3,627,663 484,250 1,188,647 12,879,727 12,584,896 14,245,607 8,113,428 19,148,964 16,914,817 2,711,226 174,212 949,602 1,486,862 511,018 331,743 2,654,545 1,279,437 3,209,817 4,020,633 11,723,771 27,406,801 28,280,220 14,280,201 5,118,651 287,477 1,082,814 428,218 9,802,889 25,929,828 1,565,194 8,126,094 2,893,610 1,585,071 131,641 3,867,518 16,667,261 17,424,065 1,873,897 14,059,497 15,481,347 10,566,626 2,183,700 384,080 8,782,266 19,103,913 6,915,066 11,908,141 1,970,104 240 No, REPORT ON T H E F I N A N C E S . 5 1 . — U N I T E D STATES NOTES AND TREASURY NOTES REDEEMED IN GOLD, AND IMPORTS AND EXPORTS OF GOLD, ETC.—Continued. Month. 1896—September October . . . November. December, 1897—January . . , February. March April , May.. June . July August September October . . November, December, 1898—January.., February., March April , May June July August September, October . . November. December, 1899—January.. February., March April May , June July August September, October . . November. December . 1900—January . . , February.. March April May June July August September October... November, December 1901—January . . February., March April May June July August . . . September October... November December 1902—January . . February. March April May.. June July: August... September October... United States notes. Treasury ' notes. Total. Imports of gold, a $84,159,130 $4,661,446 $3,486,733 $1,224,713 12,073,885 27,961,083 9,906,832 2,167,003 3,137,149 926,261 4,062,410 7,844,228 1,131,846 2,567,115 868,444 273,402 656,621 594,412 946,068 351,656 924,124 644,700 621,355 402,769 884,166 1,249,329 679,882 669,947 7,502,008 619,452 6,934,575 567,438 837,636 8,882,600 561,666 8,044,965 7,113,445 650,348 6,594,864 518,681 5,072,208 202,936 6,276,143 592,197 3,116,276 4,876,895 2,875,606 240,670 2, 742,178 4,289,428 2,698,140 144,088 11,351,766 190, 926 2,696,301 2,605,876 2,110,416 •2,545,018 1,786,711 323,706 2,019,399 2,110,018 1,815,784 203,666 1,209,916 5,716,776 1,106,548 103,368 1,685,818 6,329,109 1,407,273 228,540 254,732 1,588,770 30,214,745 1,329,038 779,668 1,155,907 32,845,138 376,289 548,997 13,118,634 268,041 280,956 767,367 903,8-52 8,184,774 146,485 280,072 2,492,281 4,091,067 3,860,995 .562,111 618,762 15,095,552 61,651 16,489,419 881,082 62,789 443,871 818,242 347,578 16,802,457 84,336 653,258 4,716,737 501,398 151,855 2,674,754 8,165,808 1,740,945 933,809 4,227,722 5,848,107 2,556,940 1,670,782 2,155,856 846,049 3,001,905 4,841,938 1,600,532 2,828,984 748,221 2,348,768 2,145,718 1,255,091 1,781,270 526,179 2,637,155 847,189 2,725,878 1,878,189 2,737,952 2,751,844 1,848,684 889,318 I,676,686 631,406 2,208,091 2,867,535 2,076,548 2,781,270 1,390,681 685,917 619,640 585,580 1,105,220 2,069,111 651,817 237,Oil 888,828 5,836,791 1,225,020 I,186,960 1,126,580 98,440 1,682,984 304,128 1,887,112 4,895,241 2,300,189 891,244 8,191,483 1,469,508 1,478,556 111,486 1,590,041 1,522,940 162,200 1,593,716 980,368 1,182,663 4,632,390 6,072,805 2,994,496 640,415 7,100,506 1,881,545 8,482,051 8,105,265 5,447,160 1,341,465 6,788, 6251,248,866 2,689,656 5,502,373 2,419,705 219,951 2,489,432 1,430,236 12,080 1,442,265 . 999,959 1,560 1,001,619 8,490,439 1,523,849 7,856 1,580,704 9,264,260 . 3,948,142 10,180,082 . 12,098 8,955,240 2,380,402 2,379,510 2,941,880 49,108 7,100,411 8,537,217 7,056,.430 48,981 1,488,211 • 11,900 1,600,111 I,426,683 510,-777 4,875 515,652 1,705,444 833,735 1,487,176 51,790 885,525 798,285 21,700 819,985 870,386 2,700,412 462,633 10,880 442,208 833,420 12,145 845,565 1,228,544 2,141,675 173,941 2,315,616 2,519,063 760,705 . 120,307 881,012 6,663,865 2,838,095 76,870 2,409,965 4,866,005 1,657,890 1,824,251 4,622,790 166,861 2,281,544 82,680 2,314,174 1,660,094 6,105,090 111,490 6,216,580 752,306 1,031,784 107,677 1,139,411 938,683 198,589 74,254 272,798 1,667,471 260,980 116,075 377 005 898,960 359, 348 101,210 460,658 726,188 668,625 181,630 700,255 762, 693 411,652 514,925 103,273 848,015 301,583 86,082 • 886,665 873,988 263,425 66,445 329,870 2,446,005 827,888 110,302 8,554,910 488,140 a Imports and exports of gold in the ore not included. Exports of gold.a $61,050 343,168 428,399 405,856 371,944 836,697 672,068 6,629,406 9,467,211 7,625,678 6,460,119 1,988,588 142,922 811,671 699,840 573,588 2,656,196 1,030,412 658,834> 1,823,624 109,157 375,529 1,498,818 I,955,908 8,099,566 1,279,826 910,757 1,219,688 1,756,461 667,962 1,107,086 . 1,162,484 2,047,155 20,908,177 2,604,857 2,096,882 618,995 376,502 260,910 11,851,101 5,688,522 1,401,506 1,062,510 1,961,069 12,205,396 8,089,968 3,270,787 18,079,826 802,732 485,216 665,762 401,418 8,200,359 402,927 476,269 4,882,367 10,075,264 5,281,574 2,759,251 106,224 121,492 8,848,887 15,882,956 4,-733,830 1,969,706 8, 611,387 4,381,148 2,837,159 I,962,772 385,040 7,888,739 2,288,614 487,836 1,446,514 241 TEEASUBEE. No. 5 2 . — U N I T E D STATES NOTES AND TREASURY NOTES R E D E E M E D IN G O L D , AND I M P O R T S A N D E X P O R T S O F G O L D , D U R I N G E A C H F I S C A L Y E A R , F R O M 1890. United States notes. Fiscal year. ' 1890 1891 1892 1898.... 1894 1896... 1896 1897 1898... 1899 1900... 1901 1902 . :. $732,386 5,986,070 6,362,248 55,319,126 68,242,408 109,788,800 153,807,691 68,372,928 22,801,710 18,645,016 28,687,501 28,776,483 17,482,690 Treasury notes. ' $8,773,600 46,781,220 16,699,742 7,570,398 5,348,365 9,828,991 2,696,253 6,997,250 6,960,836 446,678 1,274,590 Total. Imports of gold.ct $782,386 5,986,070 9,126,843 102,100,845 84,842,150 117,354,198 158,656,956 78,201,914 . 24,997,963 25,642,265 35,598,837 24,223,111 18,767,180 $12,943,342 18,232,567 49,699,454 21,174,381 72,449,119 35,146,734 31,720,487 81,411,533 116,173,988 84,280,674 80,961,698 45,445,784 27,205,657 Exports of gold.a $17,274,491 86,862,654 60,195,827 108,680 844 76,978,061 66,131,188 112,309,136 40,114,722 15,824,929 37,507,771 48,218,168 52,968,446 47,599,796 a Gold in the ore not included. N o . 5 3 . — T R E A S U R Y N O T E S O P 1890 I S S U E D , R E T I R E D B Y R E D E M P T I O N DOLLARS, AND OUTSTANDING, TOGETHER WITH T H E SILVER IN T H E P U R C H A S E D B Y SUCH N O T E S , F O R E A C H M O N T H . Month. Issued. $8,609, 4,460, 5,880: 5,309: 4,83i: 4,718: 4,346: 3,942: 4,638: 8,946: 4,551, 4,765, 4,692, ' 4,565, 4,474, 4,234, 4,367, 4,225, 8,683, 4,365, 3,626, 4,163, 4,820, 8,854, 3,816, 3,101, 4,126, 4,185, 3,948, 3,200, 3,921, 3,622, 3,579, 4,120, 4,000, 1,096, 2,868, I,982, 1,909, 1890—August September.. October November.. December^.. 1891—January February... March April , May June July August September.. October November. December . 1892—January February.. March April May , June July August September., October November.. December., 1893—January . . . February.. March April May June July August September. October November. December . 1894—Janaary February.. March April May June July August September. October November. December . 1895—January . . . February.. March n 1902 16 Eetired by redemption. Outstanding. 1,273,267 545,534 493,833 165,239 293,478 89,243 69,724 100,867 87,245 133,830 95,325 137,291 295,757 642,102 468,699 161,498 166.389 72; 190 46,384 876,068 $8,609,000 8,069,000 13,949,000 19,258,800 24,090,500 28,804,000 38,150,700 87,093,200 41,731,200 45,677,347 50,228,417 54,994,035 59,686,035 64,251,130 68,725,270 72,959,652 77,827,102 81,558,000 85,236,212 89,602,198 93,228,690 97,891,986 101.712.071 105,566,170 109,382,637 112,484,835 116,611,233 120,796.713 124,745,623 127,946,489 131,867,853 135,490,148 139,069,778 143,189,874 147,190,227 148,286,348 149,881,958 151,319,040 152,785,188 153,453,629 158,160,151 153,070,908 153,001,184 152,900,317 152.813.072 152,679,742 152,584,417 152,447,126 162,151,369 151,609,267 151,140,568 150,979,070 150,828,781 160,751,641 150,705,157 150,330,089 Bullion in Treasury. $2,029,000 4,178,113 10,185,076 12,553,676 13,836,255 14,964,755 16,289,679 19,767,201 21,783,770 28,603,733 26,486,577 31,964,570 36,545,860 41,017,368 45,815,416 49,347,587 58,476,588 57,410,991 60,785,156 65,092,103 68,278,595 71,931,891 76,213,601 79,710,809 82,977,276 85,402,874 88,859,772 92,835,252 96,105,162 98,676,028 102,397,892 106,179,687 109,761,817 118,744,413 117.744,621 118;890,742 121,759,619 123,787,758 125,797,838 126,816,864 126,758,403 126,756,175 126,758,196 126,757,765 126,757, 765 126,757, 765 126,757,586 126,833,599 125,719,886 125,215,635 124,615,635 124,624,421 124,420,023 124,250,981 124,050,981 124,185,805 IN SILVER TREASURY Dollars in Treasury. $1,680,000 3,890,887 8,763,924 6,705,124 10,254,245 13,839,245 16,861,021 17,325,999 19,947,430 22,073,6I4 23,791,840 23,029,465 23,140,176 23,233,762 28,409,854 23,612,115 23,850,519 24,142,009 24,451,056 24,510,095 24,950,095 25,460,095 25,498,470 25,855,361 26,405,861 . 27,081,461 27,751,461 28,461,461 28,640,461 29,370,461 29,470,461 29,310,461 29,308 461 29,445,461 29,445,606 29,395,606 28,122,339 27,531,282 26,937,350 26,636,765 26,401,748 26,314,733 26,242,988 26,142,552 26,055,807 25,921,977 25,826,881 26,118,527 26,481,488 26,893.632 26,524,938 26,354,649 26,403,708 26,500,560 26,654,176 26,144,284 242 REPORT ON T H E FINANOES. ]Xo. 53.—TREASURY NOTES OP 1890 ISSUED, RETIRED BY REDEMPTION IN SILVER DOLLARS, AND OUTSTANDING, ETC.—Continued. Month. 1895—April May June July August September. October— November. December . 1896—January . . . February.. March April May June ... July August September. October . November. December . 1897—January . . . February.. March April May June July August September. October— November. December . 1898—January . . . February.. March April May June July August < . . . September. October November. December . 1899—January . . . February.. March April May June • July , August September. October November. December . 1900—January .... February.. March..... April May June July August Septeiiiber. October November. December . 1901—January . . . February.. March April May June.'. July August September. October November. December., Issued. Retired by redemption. Outstanding. $745, 1,540: I 995: 829: 2,574: 1,509: 1,8I2: 447: 6O5: 688; 8,012, 1,684; 1,702, 1,840, 1,602, 1,737: 1,775 1,552; 1,861, 1,418; 848, 419: 435: 914: 915; 953, 1,242, 1,388, 2,021 1,520; 1,445, 817 862 1,054; 924, 710, 774, 994, 958, 711, 716, • 640, 670, 541, 471, 557: 486: 493: 607: $149, 148: 146; 145, a44, 143, 14i: 139; 137 187: 136: 136; 133, 181 129, 128, 126, 125, 123 121: 119, 118, 117 117 116, 115, 111, 113, 112, 111 109, 107 106, 105, 104 108, 102, 101, 101 IOO, Bullion in Treasury. $123, 128, 128, 124; 124; 124: 124: 124: 124, 124, 122: 121: 120; 119, 118: 117: 115: 113; 112, $25,697, 166 24,173, 568 22,229, 688 21,488, 518 20,498, 518 19, 664, 17,090, JL5,58i: 13,769: 13, 822: 14,217: 14,642: 12,829, 12,089: 11,8I7; 10,576, 11,290: 11,43i: 11,169 10,800; 10,038, 9,910, 9,844 10,897 10,915; .10,954, 11,066, 9,658, B, 411 7,178; 5,772, 5,526: 5,214: 5,269: i, 941: 4,8I2: 4,280: 4,477: 4,124: 3,373: 3,935; 3,447 4,493; 4, 5,676; 5,862, 6,502; no; 109, 108, 107, 106, 105, 104, 103 104 104 104 103; 102, 101 100; 99, 98, 98 97 97 96; 95, 96, 98, 92, 90; 90, 488: 564: 1,349: 8O2: 706: 449: 678, 1,823 2,746: 3,189; 3,413 2,489; 3,150, 2,674, 2,151 2,115; 2,051 8,119; 2,321 2,076; 2,001, 2,096 2,001 1,754: 1,596: 1,407: 1,592: 1,824 1,514, Dollars in Treasury. 000 8,' 016, 9,246, 9,348, 9,163, 9,046, 8,804, 7,704. 7,652, 7,541, 8,246, 8,927, 10,512, 9,919, 8,313, 6,153, 4,271, 2,514; ' 2,951, 3,640, 5,847 4,459, 3,424, 2,166, 1,473, 1,110, 893, 993, 227, 6, 781, 127, 79, 52, 243 TREASURER. No. 5 3 . — T R E A S U R Y NOTES OF 1890 ISSUED, RETIRED BY REDEMPTION DOLLARS, AND OUTSTANDING, ETC.—Continued Month. 1902—January February.. March April May June July August September. October No. Issued. Retired by redemption. Outstanding. $27,000 13,968 7,624 17,185 * 436,208 39,961 894,237 491,756 2,396,861 1,239,399 54.—TRANSACTIONS BETWEEN THE SUBTREASURY AND CLEARING N E W YORK DURING EACH MONTH, FROM JANUARY, 1890. HOUSE IN 1890—January February . . March April May June July August September . October November . December.. 1891—January February . . March April May .*. June July August September . October November . December.. 1892—January February . . March April May June July-...'.... August September . October November . December.. 1898—January February . . March April.. May June July August September. October November . December.. 1894—January February . . March April May June July August September . October November . December.. Checks sent to clearing house. 048,455.32 526,330.32 419,301.33 539,627.16 946, 677.40 292,415.15 994,282.68 853,751.42 378,866.15 006.532.10 138.414.78 780,464.99 690.592.79 622,421.41 11, 604,663.62 266.76 668;010.80 806,284.40 12, 786,628.26 II 322,835.05 10, 928,884. 78 10, 988,925.54 9, 685,924.89 II, 522,284.61 9, 043,732. 90 9, 949,586.47 11, 328,222.89 980.872.21 191,441.58 850,882.24 692,043.79 559,882.76 581,889.07 245.811.11 654,078.19 424,429.00 978,478.74 273,017.98 750, 305.98 429,445.93 119,802.48 125,169.29 902,339. 68 881,886.30 055,524.25 952,092.02 207,669.78 816.372.45 722,280.92 476.802.22 623,277.54 571,571.18 275, 870.24 975,989.62 879,621.65 ;216,157.95 ,308,077.94 ,708,197.88 058.003.46 438,980.67 $37, 533,000 35,846,000 33,963,000. 32,638,000 31,307,000 30,000, 000 28,768,000 27,701,000 26,836,000 25,796.000 Dollars in Treasury. $37,506,000 85,332,037 83,955,376 82,620,815 80,870, 792 29,960,039 28,368,763 27,209,244 24,439,639 24,556,601 Month. $1,063,000 2,187,000 1,888.000 1,825,000 1,831,000 1,307,000 1,287,000 1,062,000 865,000 1,040,000 Bullion in Treasury. IN SILVER Checks received from clearing house. 804.82 397.17 422.90 111.99 115.82 038.43 522.04 087.62 721.82 577.91 579.41 783.40 425.01 822.45 784.48 064.01 886.09 475.58 667.46 468.68 121.45 199.89 574.03 941.24 064.88 498.58 249.01 240.58 858. 69 675.22 796.29 979.79 158.54 268.02 257. 04 922. 49 21.8.72 432.80 508.58 104.04 248.82 356.72 822.24 694.19 529.18 530.69 961.56 608.99 149.47 698.97 717.02 860.19 884.43 955.30 745.82 179.88 , 763.42 ,811.19 ,291.75 057,,505.98 Balances due Balances due subtreasury. clearing house. $33,185.69 277,014.70 2,556,592.67 103,062.85 39,062.54 "629," 695.'25 538,695.19 2,562,623.47 150,048.75 $27,129, 849.00 8,494, 066.85 20,646, 121.67 17,329, 484.88 9.955, 624.11 18,757, 618.28 27,139, 239.41 15,924, 386.20 52,196, 355.67 18,081, 045.81 II,827, 164. 68 17,622, 318.41 22,605, 832.22 18,056, 401.04 20,882, 120.81 15,237, 797.25 13,358, 875.29 24,859, 191.18 17,183, 039.20 10,766, 143.33 19,880, 286.67 22,262, 273.85 13,490, 649.14 15,416, 656.63 26,074, 881.98 14,649, 912.06 12,537 026.62 17,717, 868.87 15, 322,417.11 17,705, 792.98 22,937, 752.50 16,106, 597.08 18,358, 269.47 • 16,762,456.91 14,788, 178.85 16,360, 498.49 29,355, 744.98 16,478, 414.82 15,740, 202.65 22,785, 658.II 22,975, 446. 84 17,619, 187.43 7.956, 075.28 3,164, 920.24 15,550, 004.93 27,741, 488.67 16,249,291.78 18,648, 294.08 25,294, 918.55 12,510, 087.00 12,886, 439.48 18,881, 289.01 18,518, 464.19 12,937, 710.87 16,541, 124.17 7,417, 646.40 lb, 109,734.28 17,672, 613.81 11,790, 288.29 II, 623,525.26 244 No. REPORT ON T H E F I N A N C E S . 54.—TRANSACTIONS BETWEEN THE SUBTREASURY AND CLEARING HOUSE IN N E W YORK DURING EACH MONTH, PROM JANUARY, 1890—Continued. Month. 1896—January... February . March April May June July August September October... • November December. 1896—January... February". March April May June July August September October... November December. 1897—January... February . March April May June July August September October... November December. 1898—January... February . March April. May June July August September October... November December. 1899—January... February . March April May June . . . . . . July August September October... November December. 1900—January... February . March April May June July August September October... November Pecember. 1901—January... February.. March April May.. June July August September Checks sent to clearing house. $6,508, 113.94 6,534, 708.40 16,060, 989.36 10,953, 209.34 6,830, 245.41 6,277, 243.46 8,472, 433.17 7,297, 287.71 8,530, 491.63 9,717, 241.20 7,151, 071.14 8,427, 679.95 7,433, 301.21 8,689, 998.19 8,288, 894.19 6,596, 176.88 6,356, 425.64 6,804, 483.66 10,195, 047.62 II, 198, 162.68 9,835, 484.24 15,634, 665.17 11, 111, 163.22 14,224, 516.33 12,241, 179.38 11.950, 116. 61 9,582, 186.63 8,088, 623.04 7,783, 129.47 8,592, 801.09 11,413, 084.66 9,699, 2?1.32 9,878, 051.51 9,378, 199.53 7,324, 827.36 21,984, 884^ 82 16,884, 185.86 16,028, 499.87 12,768, 808.99 17,253, 605.44 8,248, 476.83 8,107, 996.83 26,885, 820. 61 14,521, 789.77 11,573, 848.18 8,410, 888.76 12,056, 556.38 14,598, 582.85 16,080, 014.63 16,866, 618.48 21,989, 847.49 13,750, 145.14 12,444, 821.09 14,490, 707.28 20,068, 951.00 16,272, 756.67 15,256, 156.16 21,986, 137.30 17,733, 968.81 16,084, 041.61 6,887, 638.26 16,864, 457.09 16.951, 606.81 14,887, 015.63 13,661, 876.73 14,016, 804.68 16,980, 489.45 17,691, 141.32 18,611, 978.88 23,532, 065.85 18,759, 959.89 17,778, 579.96 18,048, 788.12 19,294, 246.42 18,971, 279.66 19,267, 076.86 14,269, 141.30 16,802, 058.84 24,187, 227.14 20,846, 627.39 15,861, 973.28 Checks received from clearing house. $30,978,176. 16,274,106. 16,880,204. 28,923,688. 19,968,448. 16,687,081. 25,391,457. 18,400,014. 14,248,176. 22,756,865. 16,963, 644. 18,898,002. 32,616,004. 23,067,802. 16,034,459. 24,070,286. 21,374,603,. 20,049,279, 28,806,590. 20,828,078. 22,178,994. 26,572,863. 28,034,321. 22,280,135. 35,599,831. 20,543,287. 21,816,566. 27,566,642. 24,408,098. 21,629,445. 30,245,158. 28,688,678. 17,982,751. 26,239,714. 21,889,838. 32.722.727. 36,226,949. 20,648,392. 22,457,538. 31,652,868. 23,997,167. 27,620,886, 89,032,417, 31,398,860. 27.167.484, 42,479,126, 26,853,575, 29,808,708. 50,806,422. 28,769,844, 27,189,345, 31,566,656. 49,049,269, 27,132,086. 33,981,488. 31,277,960, 24.900.285. 89,450,076, 86,680,541, 33,226, 979, 40,017,881. 26.835.485, 30,717,942, 47,749,468, 34.224.286, 31,795,378, 40,717,247, 52,774, 626, 36,791,749, • 46,517,680, 40,822,581. 36,213,790, 46,026,041. 29,852,211, 27,"455,193, 87,896, 964, 82.737.728. 32,992, 921, 48,791,288, 39,862,348, 38,565,193, Balances due Balances due subtreasury. clearing house. .,288,766.86 241,601.64 240,804.20 19,088.45 479,413.88 870,625.74 1,316,764.78 350,766.92 1,148,980.80 219,742. 58 600,080.22 318,618.71 20,792.45 118,388.74 7,677,739.23 7,282,565. 74 4,416,98L40 1,992,718.86 2,646,058.68 41,853.99 7,163.35 1,121,936.28 441,258.96 418,030.72 182,929.53 1,087,436.64 6,370,710.01 65,464.92 234,257.16 51,289.03 660,304.48 475,893.75 696,400.56 648,102.97 2,878,218.96 508,185.63 434,949.18 191,695.17 140,961.16 168,624.88 2,807,449.81 202,808.27 162,806.96 247,786.98 141,713.32 193,106.58 $24,475,068.00 10,739,397.97 2,002,981.43 18,211,975.81 13,633,198.87 10,430,539.03 16,919,024.47 11,102,726.86 5,958,489.16 13,058,662.68 9,802,573.50 10,470,322.81 25,082,708.64 14,467,808.87 7,746,665.72 17,474,060.62 15,019,177.40 13,744,845.60 18, 111,542.70 9,609,324.98 18,209,136.05 11,254,963.21 12.273,925.64 9,199,600.84 23,678,894.25 9,198,200. 69 11,784,429.17 19,468,019.89 ' 16,669,969.82 12,987,144.66 19,160,787.07 14,110,249.20 8,223,039.20 15,861,515.28 14,565,Oil.15 18,465,632.28 26,625,329.10 9,035,873.6Z 11,681,448.01 16,946,406.94 15,790,646.26 19,420,052.28 13,268,533.05 16,877,070.75 16,034,896.77 84,068,288.22 14,797,019.43 15,128,161.20 34,859,387.88 12,940,677.26 11,570,208.04 17,816,510.95 36,604,948.52 12,696,882.67 14,101,744.89 15,056,442.64 10,304,488.47 17,990,832.89 19,642,978.23 17,786,041.18 88,130,248.01 12,344,247.78 14.274,472.32 32,912,452.90 2b,562,410.04 17,779,568.68 28,786,808.10 35,088,485.01 17,614,726.24 23,177,210.09 22,203,582.85 18,698,836.72 82,977,808.27 13,365,413.98 8,686,716.74 18,292,195.07 18,478,586.96 16,365,922.92 19,851,798.57 18,657,634.08 22,896,325.87 245 TEEASUEEE. No. 54.—TRANSACTIONS BETWEEN T H E SUBTREASURY AND CLEARING HOUSE I N N E W YORK DURING EACH MONTH, FROM JANUARY, 1890—Continued. Checks sent to clearing house. Month. 1901—October... November December. 1902—January... February.. March April May June . . July August September October... Checks received from clearing house. $22,248,036.82 17,200,068.67 19,153,408.72 14,769,296.82 14,359,028.10 16,986,501.12 16,371,186.29 16,349,586.88 16,786,003.43 20,370,861.88 16,047,595.73 16,173,260.82 16,426,624.21 $44, 009, 40, 686, 30, 226, 41, 368, 30, 116, 32, 155, 34 876, 30, 270, 25, 521, 42, 021, 31, 289, 27, 522, 42, 679, 758.77 964.72 938.80 397.12 546.02 715.22 284.95 867.74 215.98 604.28 780.43 190.04 792.79 Balances due Balances due subtreasury. clearing house. $60,482.39 228,060.70 422,060.06 211,756.13 275,785.10 644,423.44 4,159.87 1,082,025.56 $21,766, 721.95 23,547, 888.54 11,301 590.78 26,599, 100.80 15,757, 522.92 15,641, 274.16 18,716, 905.79 18,921, 280.91 9,010, 997.65 22,295, 176.84 15,246, 844.57 12,880, 954.77 26,258, 078.58 ' N o . 6 5 . — A M O U N T OP EACH K I N D OF MONEY U S E D IN SETTLEMENT OF CLEARINGHOUSE BALANCES AGAINST THE SUBTREASURY IN N E W YORK DURING EACH MONTH, FROM J A N U A R Y , 1890. Month. 1890—January February . . March April May June July August September . October November . December.. 1891—January...'. February . . March April May .1 June July August September. October November . December.. 1892—January February . . March April May .... June July August September. October November . December.. 1893—January . . . February . . March April May June July August September. October November . December . 1894—January . . . February . . March April May June July . . . . . . . August Gold Silver Gold coin. United States Treasury notes. notes. certificates, certificates. $4,940,000 2,475,000 16,395,000 27,646,000 16,150,000 18,570,000 19,015,000 276,000 $145,.349 112,067 1,388,122 156,486 144,624 142,618 143,289 144,636 48,866 49,446 62,265 15,628 2,722 281,196 473,206 101,186 1,201,140 6,656,416 6,802,199 3,268,188 7,714,207 4,649,224 2,760,239 1,969,387 2,608,112 4,968,197 4,017,422 4,403,118 1,866,698 3,466,673 6,813,078 2.990.092 7,600,814 6,460,087 4,410,704 7.382.093 12,827,950 1,121,525 6,271,938 16,440,088 16,928,211 12,750,040 1,968,460 98,140 149,765 41,884 967,262 18,729 8,386,919 11,204,102 10,295,129 13,988,464 13,195,114 12,914,128 15,178,678 7,398,085 $291,800 4,296,000 8,298,600 8,737,900 2,304,890 3,666,210 2,721,730 2,639,705 2.177.146 1,897,190 6,032,775 6,578,840 4,462,965 6,241,080 4,881,050 2,682,410 8,159,270 3,679,220 4,711,715 4,276,605 3,671,750 4,991,719 10,490,120 14,917,675 12,116,505 6,757,966 8,358,420 6,621,475 8,978,400 12,856,795 16,356,890 10,468,270 6,296,570 6.047,235 4.869.147 1,047,625 691,780 5,240 55,055 132,040 64,565 2,943,000 1,030,986 2,591,810 4,892,825 323,350 28,688 367,446 19,560 19,258, 17,173, 9,811, 18,616, 26,996, 16,488, 47,861, 14,738, 7,627, 15,301, 18,937, 9,999, 17,-868, 12,968, 10,260, 14,270, 6,302, 3,085, 6,925, 12,782, 8,048, 10,288, 19,887, 4,980, 4,243, 9,648, 8,464, 3,749, 1,207, 1,949,000 8,766,000 3,671,000 $53,575 6,210 1,465 545 Total. $27,129,849 8,494,067 20,646,122 17,829,485 9,956,624 18,767,618 27,189,239 16,924,336 52,196,356 18,081,046 11,327,165 17,622,318 22,605,832 13,056,401 20,882,121 16,237,797 18,358,875 24,859,191 17,183,039 10,766,148 19,880,287 22,262,274 13,490, 649 15,416,657 26,074,882 14,649,912 12,687,027 17,717,868 16,322,417 17,705,793 22,937,753 15,106,597 13,858,269 16,762,457 14,788,179 16,360,493 29,356,746 16,478,416 15,740,208 22,735,658 22,975,446 17,619,187 7,956,075 8,164,920 15,550,006 27,741,489 16,249,292 13,648,294 25,294,919 12,610,087 12,886,439 18,881,289 13,518,464 " 12,987,711 15,541,124 7,417,645 246 REPORT ON T H E F I N A N C E S . l ^ o . 5 5 . — A M O U N T OF EACH K I N D OF MONEY USED IN SETTLEMENT OP CLEARINGHOUSE BALANCES AGAINST THE SUBTREASURY IN N E W YORK, ETC.—Continued. Month. 1894—September. October November . December.. 1895—January . . . February . . March April May June July August September. October November. December . 1896—January February . . March April May June July August September. • October — November . December.. 1897—January February . . March April May June July August..... September. October November . December.. 1898—January February . . March April May June July August September. October November . December.. 1899—January February . . March April May June July........ August , September. October . November ., December.. 1900—January February . . . March , April .... May June July August September.. October November ., December... 1901—January February . . . March April May , June July Gold coia. United States Treasury Gold Silver notes. certificates. certificates. notes. ,090, ,647, ,768, ,612, ,475, ,789, ,002, , 211, ,638, ,430, ,919, 102, ,958, ,058, ,802, 470, 082, ,467, ,745, ,474, ,019, ,744, 111, 609, 209, 254, 273, 199, 282, 461, .631, 765, 669, 937, 150, $9,1630 25,490 22,180 10,900 1,346,067 4,731,472 7,203,260 7,708,020 no; $10,700,000 15,300,000 12,180,000 11,070,:000 16,340,000 15,660,000 38,845,000 14,675,000 14,890,000 34,620,000 12,746,000 11,365,000 17,585,000 36,350,000 12,455,000 13,890,000 14,835,000 7,515,000 223, 861, 565, 465, 626, 085, 681, 246, 490, 240, 148, 587, 374, 223, 122, 283, 239, 194, 205, 280, 254, 241, 211, 221, lib, 407, 6, e; 6,650,000 170, 82, 23, 19, 17, 16, 18, 28, 17 28 16 18; 24, 17; 20, 2i: 25; 28, 24, 50,000 678,500 582,920 637,500 780,000 960,100 262,000 251,000 893,000 545,000 764,000 718,000 060,000 597,000 154,000 188,000 580,000 303,000 348,000 666,000 271,000 453,000 342,000 827,000 Total. ,109,784 672,618 790,288 628,525 ,475,063 739,397 002,981 211,975 633,198 430,539 919,024 102,727 958,489 058,663 802,573 470,323 082,704 467,304 745,566 474,061 019,177 744,846 111, 548 609,325 209,136 254,963 273,926 199,600 678,394 193,201 734,430 468,020 669,969 937,145 150,787 110,249 223,039 861,516 565,Oil 465.682 625,329 035,874 681,448 945,407 790,545 420,052 268,533 877,071 084,896 068,288 797,019 123,151 859,388 940,677 570,208 815,511 604,949 696,888 101,744 056,443. 304,438 990,833 642,978 786,041 130,248 344,248 274,472 912,453 562,410 779,569 786,808. 083,486 614,726 177,210 208.683 698,886 977,308 365,414 717 292,195 478,587 366,923 851,794 247 TREASURER. N o . 5 5 . — A M O U N T OP EACH K I N D OF MONEY USED IN SETTLEMENT OF CLEARINGHOUSE BALANCES AGAINST THE SUBTREASURY IN N E W YORK, ETC.—Continued. Month. G o l d c o i n . U n i t e d States] T r e a s u r y notes. notes. 1901—August September. October November . December.. 1902—January . . . February .. March April. May June.'. July August September . October No. Silver Gold certificates. certificates. $18,632, 22, " • 21, 28, 11, 26, 15, 15, 18, 13, 16, 24, 20, 20, 20, 19, 21, 23, 22, 20, 28, 25, 21, 29, Total. $18,657,584 22,896,826 21,766,722 23,547,388 11,801,591 26,599,101 15,767,628 16,641,274 18,716,906 13,921,281 9,010,997 22,296,176 15,246,844 12,380,955 26,268,078 5 6 . — M O N T H L Y RECEIPTS FROM CUSTOMS AT THE PORT OF N E W YORK AND PERCENTAGE OF EACH K I N D OF MONEY RECEIVED, FROM JANUARY, 1890. Month. 1890—January February... March . . . j ^ . . April May June July........ August September.. October November.. December .. 1891—January February... March April May June July August September.. October November.. December .. 1892—January February... March April May June July August September.. October November.., D e c e m b e r .. 1893—January February... March April May June July August September , October November. December . 1 8 9 4 — J a n u a r y . .'•. February.. March , April May June Receipts. $16, 228,480 18, 888,075 12, 569,867 13, 617,857 10, 671,616 14, 492,128 17, 173,016 12, 978,385 15, 767,331 16, 098,061 10, 154,328 10, 704,055 16 794,456 12, 280,378 10, 520,414 • 7, 711,917 7, 449,776 9, 181,418 11, 803,169 10, 460,830 9, 961,740 9, 837,291 8, 502,785 9, 814,666 11, 960,445 11, 628,816 10, 871,923 879,912 103,436 591,270 295,908 175,485 335,347 341,120 951,886 570,863 291,892 439,280 805,673 717,539 967,707 337,798 220,738 188,082 964,839 537,886 812,807 645,908 815,531 424,084 448,479 732,696 288,234 181,179 Gold coin. Silver coin. United States notes. Treasury notes. P o cent. Pei cent. P e r cent. P e r 0.0 4.6 0.1 8.0 0.1 0.1 2.7 0.1 0.1 2.7 0.2 0.1 3.6 0.2 0.1 2.7 0.0 0.1 2.5 0.1 0.1 0.0 8.0 0.1 0.1 1.9 0.1 0.0 2.1 0.2 2.9 . 0.1 0.3 8.0 0.1 1 0.3 0.0 4.1 0.1 0.0 5.0 0.1 0.0 6.0 0.2 0.0 7.2 0.2 0.0 0.2 15.0 0.0 0.2 44.6 0.0 49.0 1 0.2 1 0.2 0.0 50.5 0.1 55.3 0.1 0.2 0.0 44.0 0.1 0.0 31.3 0.1 0.0 14.8 0.1 0.0 15.0 0.1 0.0 . 36.2 0.1 0.0 42.5 0.2 0.0 46.4 0.1 0.0 40.6 0.2 0.0 26.8 0.1 0.0 • 28.4 0.0 0.0 25.6 0.0 0.0 45.8 0.0 0.1 51.9 0.1 0.0 52.8 0.0 46.4 0.0 0.0 42.1 0.0 0.0 0.0 88.8 0.0 0.0 28.0 0.1 0.0 41.0 0.1 0.0 26.2 0.0 0.0 53.0 0.0 12.5 55.6 0.3 47.4 87.6 0.2 58.1 16.8 0.1 37.6 20.7 0.1 81.0 16.3 28.0 0.1 n.6 1L2 17.0 0.1 0.1 20.5 7.2 0.1 31.4 3.8 21.9 2.8 0.1 0.1 9.6 2.3 6.8 1 1.9 1 0.1 Gold certificates. Silver vcertificates. Pet cent. P e r 92.5 95.,0 95.7 95.4 93.6 94.5 95.8 9L7 3.6 11.0 85.5 15.5 80.9 80.4 14.6 6.9 87.8 5.2 88.5 7.3 8L0 12.4 64.9 25.6 47.0 30.2 27.8 28.9 12.3 27.4 14.9 81.5 12.6 28.4 1L7 19.8 8L6 43.5 22.8 16.7 66.3 66.1 14.5 25.8 28.6 18.7 38.0 14.9 81.6 36.4 9.9 49.1 8.0 42.2 13.8 5L9 12.1 39.7 3.6 6.6 35.0 33.0 7.8 40.0 4.4 38.2 8.9 9.2 36.8 48.6 7.8 82.7 2.9 35.9 0.0. 35.0 0.0 15.0 4.6 5.3 4.8 6.2 1.7 10.2 0.1 6.4 0.4 Ll . 8..1 11.8 0.6 15.5 0.6 15.2 0.1 9.6 0.0 7.0 0.0 7.6 0.0 1 cent. cent. 2.8 1.8 L4 1.6 2.6 2.7 2.0 1.7 1.4 1.8 1.7 1.9 2.1 6 6 16.6 20.0 26.8 14.0 8.6 6.2 4.4 4.4 2.8 3.1 4.3 9.3 5.7 6.9 18.0 15.9 15.5 10.4 10.9 6.4 6.3 9.2 16.8 20.7 15.7 23.8 37.8 12.0 12.3 5.1 17.5 3L3 45.8, 51.1 69.3 66.2 49.4 65.6 8L0 83.6 248 'No. REPORT ON T H E F I N A N C E S . 5 6 . — M O N T H L Y . RECEIPTS PROM CUSTOMS AT THE PORT OF N E W YORK AND PERCENTAGE OF EACH K I N D OF MONEY RECEIVED, ETC.—Continued. Month. 1894—July August September October..., November. December. 1895—January . . , February., - March April May.: June July August — September October . . , November. December, 1896—January . . , February., March April May June July August — September. October . . . November, December. 1897—January . . . Februa'ry.. March April May June July August September. October . . . November. December. 1898—January... February.. March April May June - July August September. October November. December . 1899—January . . . February.. March April May June July Augu.st September. October . . . November. December. 1900—January . . . February.. March April May June July August September. October . . . November. December. 1901—January . . . February.. March Receipts. $6,175,379 8,728,081 9,692,868 8,228,744 6,769,608 7,432,896 12,817,827 9,341,674 9,798,088 8,824,715 8,104,095 7,510,041 10,638,052 10,296, 684 9,756,439 9,299,868 7,703,876 8,819,874 10,424,267 10,077,426 9,319,874 7,588,921 7,359,996 7,213,857 8,258,485 8,449,638 7,618,849 7,168,489 6,645,882 7,283,820 7,704-, 600 8,359,683 17,579,640 17,711,324 9,092,278 14,689,699 12,299,463 5,197,107 5,354,059 6,792,041. 6,926,307 7,880,299 10,463,456 10,602,378 10,577,859 9,164,198 8,232,713 9,364,918 9,960,211 10,905,996 11, Oil,729 10,188,538 9,981,266 11,581,844 12,515,437 12,188,922 13,546, 939 11,624,873 11,681,m 11,294,484 11,680,582 18,778,484 11,727,242 13,261,408 12,677,850 12, 780,317 14,807,667 18,477,192 13,914,202 11,891,826 10,698,857 11,324,975 13,484,985 12,464,689 11,792,052 13,413,618 11,846,424 12,444,501 14,890,029 12,591,569 12,892,441 Gold coin. Silver coin. P e r cent. P e r 0.0 0.5 0.1 0.0 0.0 0.4 0.7 0.3 0.2 0.1 0.1 0.1 0.2 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.8 0.0 0.0 0.0 0.0 0.2 8.7 0.0 0.0 0.0 0.0 0.3 0.0 0.0 0.6 0.4 0.8 3.6 6.0 9.7 6.8 6.1 17.6 52.7 73.5 67.7 59.9 63.8 78.0 79.6 77.5 80.2 78.4 8L0 85.6 86.9 88.6 88.4 85.8 88.3 79.2 30.8 24.6 12.8 5.5 4.0 6.6 4.6 2.9 3.3 L8 3.1 8.7 2.6 2.5 2.9 4.9 7.1 8.4 United states notes. Treasury notes. cent. P e r cent. P e r 0.1 23.4 0.1 29.6 0.1 44.5 0.1 58.9 0.1 55.0 0.1 64.4 0:1 53.6 0.0 68.1 0.0 •67.0 0.1 60.6 0.1 54.8 0.1 60.2 0.1 67.1 0.1 72.4 0.0 78.1 0.1 74.8 0.0 78.4 0.0 68.6 0.0 47.4 0.0 58.4 0.0 65.4 0.0 62.7 0.0 50.1 0.0 40.0 0.0' 68.1 0.0 70.4 0.0 78.8 0.0 . 65.4 0.0 56.8 0.0 56.7 0.0 42.6 0.0 36.2 0.0 5L7 0.0 48.0 0.0 46.3 0.0 61.6 0.0 68.'8 0.1 62.2 0.1 66.9 0.0 67.8 0.0 63.0 0.0 60.0 0.0 64.1 0.0 63.6 0.0 60.9 0.0 83.9 0.0 15.8 0.0 17.7 0.0 22.6 0.0 17.6 0.0 9.9 0.0 8.6 0.0 10.6 0.0 8.7 0.0 6.9 0.0 5.9 0.0 4.4 0.0 4.2 0.0 4.9 0.0 4.9 0.0 5.8 0.0 3.7 0.0 2.7 0.0 2.8 0.0 1.9 0.0 L8 0.0 3.0 0.0 •3.2 0.0 2.5 0.0 5.1 0.0 4.1 0.0 4.4 0.0 6.8 0.0 1L8 0.0 9.6 0.0 6.9 0.0 6.1 0.0 6.1 0.0 8.3 0.0 7.6 0.0 9.6 ' Gold certificates. Silver certificates. cent. P e r cent. P e r cent. 17.1 0.0 69. < 21.9 0.0 47.9 3L8 0.0 23.5 14.0 0.0 27. ( 18.1 0.0 8Lg 6.2 0.0 38.9 6.0 0.0 40.6 5.2 0.0 31.^ 2.1 0.0 30.7 3.4 0.0 35.8 8.7 0.0 36.^ 3.4 0.0 36.2 L9 0.2 30.5 2.1 0.0 25. < 1.7 0.0 20.2 24. C 1.0 0.0 LO 0.0 25.6 L8 0.0 29.6 2.7 0.0 49.9 2.8 0.0 43.8 1.3 0.0 38. J 0.7 0.0 'S6.e 0.8 0.0 48. S 1.3 0.0 68.7 0.7 0.0 46.2 0.6 0.0 29. ( 0.4 25.8 0.4 0.0 34.0 0.4 0.0 39.] 0.7 0.0 42.6 9.2 0.0 48.2 20.2 0.0 43.6 27.6 0.1 20.7 28.8 0.0 22.9 13.6 0.0 40.1 6.2 0.0 32.2 2.7 . 0.0 27.^ L7 35.6 0.0 1.8 0.0 30.^ 0.8 0.0 27.8 L7 0.0 30. i 0.8 0.0 29.5 L2 0.0 37.9 1.2 0.0 29.] 0.3 0.0 2L2 0.4 0.0 13. ( 0.6 0.0 10.7 0.8 0.0 14.2 0.4 0.0 17.1 0.3 • 0.0 18. J 0.3 0.0 1L8 0.3 0.0 n.6 0.3 0.0 IL6 0.8 0.0 10.8 0.2 0.0 14.5 0.1 0.0 18.0 0.2 0.0 9.8 0.1 0.0 9.8 0.2 0.0 11.2 0.2 0.0 . - n . 6 0.1 • 0.0 9.2 0.2 2.0 6.8 0.1 12.3 5.7 0.4 57.9 8.1 0.0 .71.7 1.8 0.0 83.2 2.2 0.0 76.6 16.0 0.0 65.5 27.8 0.0 7L5 19.4 0.0 82.6 7.8 0.0 78.2 14.8 0.0 76.3 17.0 0.0 78.5 13.4 0.0 73.5 12.1 0.082.8 S.S 0.0 88.2 2.4 0.0 88.6 3.9 0.0 88.9 8.1 0.0 76.9 9.9 0.0 79.9 5.4 0.0 1 77.1 4.9 o.o 249 TREASURER. No. 5 6 . — M O N T H L Y RECEIPTS FROM CUSTOMS AT THE PORT OF N E W YORK AND PERCENTAGE OF EACH K I N D OF MOONEY RECEIVED, ETC.—Continued. Receipts. Month. 1901—April May June July August September October .. November December, 1902—January .. February. March April May June July August September October .. No. $12, 13, 11, 14,. 18, 13. 16: 12: 14: 14: 14: 14: 13: 12: 12, 15: 16: 16: 17: 5 ^ . - -SUBSIDIARY Gold coin. United Silver coin. • States notes. Treasury notes. Gold Silver certifi- 1 certificates. cates. Per cent. Per cent. Per cent. Per cent. Per cent. Per cent. 3.4 3.9 0.0 9.3 0.0 8L4 4.9 5.0 0.0 6.5 0.0 8^.6 1 6.0 8.2 0.0 6.6 0.0 8^.2 2.7 4.3 0.0 J.I (.1 89.8 ! 3.8 6.2 (.0 i.b 0.1 86.4 2.8 4.7 0.2 3.6 0.6 88.6 2.6 2.2 0.0 ,2.1 • 0.0 93.1 3.6 L7 0.0 2.8 0.0 92.5 5.0 6.2 0.0 2.6 0.0 87.3 8.1 0.2 0.0 5.9 0.0 85.8 ' 4.5 1.5 0.0 ^.3 0.0 89.7 I.O 0.2 0.0 2.1 0.0 96.7 0.6 0.2 0.0 2.1 0.0 97.1 1.8 1.6 0.0 2.2 0.0 94.4 0.7 ]..8 0.2 0.0 • 0.0 97.8 0.6 ]..8 0.2 0.0 0.0 97.9 0.5 0.6 ,0.0 L8 0.0 97.6 0.5 19.0 0.0 L2 0.0 7^.8 0.5 0.8 0.0 1.2 0.0 98.0 SILVER O F EACH DENOMINATION I N EACH T R E A S U R Y A N D M I N T J U N E 30, 1902. OFFICE OF T H E Twenty- Twenty Five Three Unassorted and Fifty cents. five cents. cents. Ten cents. cents, cents. uncurrent. Office. Total. TREASURY. Washington... Baltimore Boston Chicago Cincinnati New Orleans.. New York Philadelphia.. San Francisco. St. Louis $489, 130.00 284, 800.00 976.00 229^ 000.00 58, 000.00 490, 490.00 573, 000.00 22, 000.00 398, 877.50 210, 300.00 fl.176,160.00 ^226,700.00 46,412.25 139,000.00 53,000. 00 115,670. 00 528,000. 00 590,000. 001 90,213.26| 198,600.00 $1.20 80.00 21.00 7.80 265.00 31, 950.00 4, 849.20 15, 000.00 26, 000.00 23, 145.00 30, 000.00 51, 000.00 12, 895.00 35, 250.00 $35.60 $2.67 $63,398.98 $786,983.40 100.00.... 82,138.80 624,718.80 137.85 9.001 91,888.85| 148,293. 66 251,918.00' 684,918.00 95,120.001 232,120.00 20.00 28,534. 58 657,869.58 290.241.15 1,421,241.15 117,489.82 780,439.82 "i64."20"*3."< 45,000.00 546,661.71 184, 998.00 579,048.00 MINT. Boise City 798.00 Carson City New Orleans... 876,510.00 741,980. 00 332.75 468.00 NewYork Philadelphia... 1,037,000.00 1,018,000.00 SanFrancisco.. 819,023.00 282,507.60 Total 4,944,674.60 4,206,263.75 .24 1.24| 3,407.14 1,700.00 822,970.00 146.50 874,171. 60 191,505.10 60.00 1,127,847.40 4,178. 26 553.84 .24 2,499.24 944,867.14 947.25 433,344.86 793,589.44 457.15 15.68 1,158,818.85 11,487,582.28 N o . 5 8 . — M I N O R COIN OF EACH DENOMINATION IN EACH OFFICE OP THE TREASURY AND M I N T JUNE 30, 1902. Office. Five cents. Three cents. Two cents. One cent. Uncurrent. Total. TREASURY. Washington Baltimore Boston Chicago Cincinnati N ew Orleans New York Philadelphia San Francisco St Louis $25,751.00 7,950.00 6,030.00 98,150.00 4,250.00 8,010.00 14,000.00 128,000.00 336.16 14,650.00 $79.50 $7.50 $6,171.00 8,680.00 8,192.44 26,000.00 2,000.00 2,836.50 21,000.00 24,000.00 1,925.07 3,060.00 $8,060.87 2,613.67 14,956.58 10,627. 77 6,956.48 4,978.48 26,820.11 7,635.84 1,600.00 3,768.15 $89,982.87 19,198.67 29,178.02 134,777.77 12,206.48 15,324.93 61,820.11 169,635.84 3,948.22 21,468.15 109,250.00 87.25 32,766.23 87.25 406,791.23 212,565.01 119,860.88 904,404.64 MINT. New York Philadelphia Total 264,775.00 571,902.15 79.50 7.60 250 REPORT ON T H E FINANOES. No. 5 9 . — S H I P M E N T S OF SILVER COIN FROM EACH OFFICE OP THE TREASURY AND M I N T , PROM JULY 1, 1885. D u r i n g fiscal y e a r 1902. • Total to J u n e 30,1901. Office. Subsidiary silver. Standard dollars.. T o t a l for year. Total to J u n e 80,1902. TREASURY. Washington Baltimore Boston Chicago Cincinnati New Orleans . New York Philadelphia. San Francisco St. Louis . . $21,806,026.14 5,974,478.48 52,751,625.65 128,766,007.18 61,238,930.01 70,557,904. 92 63,010,635. 74 - 42,043,426.66 87,182,826.26 98,341,333.28 $1,161,500.00 101,500.00 3,458,500.00 9,724,273.00 4,117,885.00 888,499.00 1,461,996.00 2,394,151.00 1,701,500.00 7,018,096.00 $267,847.60 383,289.90 1,377,900.00 4,827,868.20 1,801,376.20 1,200,740.75 4,015,661.10 8,012,628.70 1,642,685.00 2,619,705.85 $1,419,847.60 484,789.90 4,836,400.00 14,062,141.20 6,918,760.20 2,089,239.76 5,477,657.10 5,406,679.70 3,244,185.00 9,637,801.85 $28,226,372.74 6,459,268. 88 57,588,025.65 142,818,148.38 67,157,690.21 72,647,144.67 68,488,292.84 47,450,106.36 40,427, o n . 25 102,879,186.08 653,630.00 56,656,869.85 24,454,251.88 7,264,490.00 8,322,390.00 54,535.00 652,740.00 779,617.05 8,976,130.00 834,152.05 653,630.00 65,631,999.36 25,288,403.88 7,264,490.00 665,702,434.44 40,404,325.00 21,871,959.86 MINT. Carson New Orleans Philadelphia San Francisco Total 62,276,284.35 ' 727,978,718.79 N o . 6 0 . — S H I P M E N T S OF SILVER COIN FROM THE TREASURY OFFICES AND MINTS DURING EACH FiSCAL Y E A R PROM 1890, AND CHARGES THEREON FOR TRANSPOR- TATION. Standard dollars. Subsidiary silver. Total. $27,283,457.90 29,299,237.20 24,614,586.95 27,098,682.65 24,516,980.60 27,155,466.80 28,412,300. 85 29,600,035.10 33,270,610.00 38,305,262.00 36,284,791.80 88,888,519.00 40,404,326.00 $9,405,227.50 11,598,692.10 14,270,479.51 11,957,903. 90 ' 9,281,407.08 11,885,117.47 12,458,107.08 12,029, 955.29 15,880,205.24 17,018,536.66 19,707,902.65 21,075,146.85 21,871,969.85 $86,688,685.40 40,897,929.30 38,885,066.4639,056,486.56 33,798,887.58 39,040,584.27 40,870,407.88 41,629,990.89 48,600,815.24 60,323, 798.65 55,992,694.35 59,413, 665.85 62,276,284.85 Fiscal year. 1890 1891 1892. 1893 1894. 1895 1896. 1897 1898. 1899 1900.. 1901 1902 . Rate per $1,000. Charges. $73,045.78 77,257,62 76,178.69 71,980.77 67,086.44 78,838.84 78,765.54 81,526.24 n o , 066.58 111,741.61 125,969.37 125,742.99 124,008.65 $1.99 1.89 1.96 1.84 I 98 2.01 I 93 1.96 2 26 2.22 2.26 2.12 1.99 N o . 6 1 . — N U M B E R OF NATIONAL BANKS WITH SEMIANNUAL DUTY P A I D , BY FISCAL YEARS, AND NUMBER OP DEPOSITARIES WITH BONDS AS SECURITY AT CLOSE OF E A C H FISCAL YEAR. Number Bonds held Number Bonds held to s e c u r e cir- d uSteym ci aonl lneuc at el d . of deposi- to s e c u r e of b a n k s . culation. taries. deposits. Fiscal year. 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899.. 1900 1901... 1902 i... 3,508 3,675 3,765 8,846 8,797 3,767 3,737 3,615 3,634 3,599 3,822 4,187 4,668 $146,228,300 142,508,900 163,190,050 176,588,250. 201,691,750 207,680,800 228,915,950 230,471,550 220,201,400 229,688,110 284,878,040 826,119,280 317,088,530 $1,254,839. 66 1,216,104.72 I,831,287.26 1,448,489.69 1,721,095.18 1, 704,007.69 I,851,676.03 2,020,703.65 1,901,817. 71 1,991,743.81 1,881,922.78 1,599,221.08 1,688,809.16 205 185 159 160 155 160 160 168 172 357 442 448 677 $29,713,000 26,849,500 15,852,000 15,247,000 •14,736,000 15,278,000 16,928,000 16,930,500 80,851,500 78,564,640 107,253,580 105,765,450 124,718,650 Total bonds held-. $174,941,300 168,858,400 179,042,050 191,885 250 216,427,750 222,958.800 245,843,950 247,402,050 251 052,900 308,252,650 391,631,620 431,884,680 441,767,180 251 TKEASUBEB. No. 6 2 . — A V E R A G E .AMOUNT OF NATIONAL-BANK NOTES IN CIRCULATION, AND AMOUNT OF DUTY P A I D THEREON DURING THE Y E A R 1902 BY NATIONAL BANKS IN E A C H STATE AND TERRITORY. Maine New Hampshire Vermont M a s s a c h usetts Rhode Island Connecticut Y e a r e n d e d J u n e 80, 1902. Y e a r e n d e d J u n e 30,1902. Average a m o u n t of n o t e s i n circulation. Duty paid on circulation. Average Duty paid a m o u n t of n o t e s i n circu- o n c i r c u l a tion. lation. $6,374,545.12 4,261,069.60 4,098,243.31 24,266,834.78 4,372,880.68 10,142,836.18 $28,439.99 22,688.59 21,518.63 123,473.39 22,568.54 62,810.85 52,514,408.67 271,492.99 .. T o t a l of N e w E n g l a n d States Illinois" Michigan Wisconsin Minnesota Iowa Missouri T o t a l of Middle States.... 268,949.20 43,774.30 217,127.98 4,647.95 29,716.51 6,746.17 North Dakota South Dakota Nebraska Kansas Montana Wyoming Colorado 110,899,710.48 670,962.11 Oklahoma Indian Territory Virginia West Virginia North Carolina...... South Carolina Georgia Florida Alabama Mississippi Louisiana Texas A rkansas Kentucky Tennessee 4, o n , 666.26 2,854,844.36 1,716,41.8.00 1,444,654.50 2,421,900.61 783,169-. 00 1,938,978.37 857,400.50 2,199,081.00 8,940,496.58 332,778.00 9,260,643.75 3,510,828.66 20,296.68 15,137. 61 8,951.96 7,223.27 12,161.24 3,853.37 10,027.89 4,411.96 11,182.82 46,284.48 1,663.87 48,628. 57 19,178.51 T o t a l of S o u t h ern S t a t e s — 40,222,754.54 208,946.73 51,998,498.04 8,486,625.7142,281,672.99 879,940. 64 5,908,743.10 1,849,280.00 New York New Jersey Pennsylvania Delaware.... Maryland D i s t r i c t of C o l u m b i a . T o t a l of Eastern States - T o t a l of Western States . . . Washingtoh.... Oregon California Idaho Utah Nevada Arizona Alaska Hawaii T o t a l of Pacific States $80,944.76 30 909 38 20,314.54 20,381.11 42,745.44 76,045.73 88,927,998.87 439,816.56 745.247.07 628.188.08 4,186,002.50 4,957,107.48 866,916.00 441,217.50 8,890,955.50 487,506.50 782,155.08 839,970.94 3,754.98 3,306 09 21,407. 77 24,986 40 4,588. 95 2,206.61 17,079.47 2,479.48 4,272.56 4,467.87 17,820,266.65 88,485.18 1,126,087. 63 1,060,248.50 6,145,746.00 200,975.49 1,267,100.00 20,500.00 194,062.50 4, on. 77 52,444.02 5 829 12 7 646 54 81,297.23 1,142.07 6,836.49 102 50 970.83 20 06 262 24 10,071,175.91 58,605.58 T o t a l for U n i t e d States 814,956,810.02 i,633,309.15 132,417.75 36,057.86 24,899,269. 94 6,769,626.76 Ohio .' Indiana . $15,776,159.50 5,527,286.98 4,043,816.05 4,017,577.67 8,281,884.98 15,163,922.00 N o . 6 3 . - -RECEIPTS AND DISBURSEMENTS OF PUBLIC MONEYS THROUGH BANK DEPOSITARIES, BY FISCAL YEARS PROM 1890. Fiscal year. 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 No. Funds transFunds transf e r r e d t o b a n k s . ferred t o T r e a s u r y by banks. Receipts. $147,761,566.81 152,389,837.70 159,380,415.47 166,257,566. 29 147,826,916.18 169,440,485.46 181,705,917.74 149,306,649.29 207,178,119. 61 283,276,222.20 303,903, 655.56 813,873,160.38 281,284,091.57 6 ' 4 . — O L D DEMAND $20,285,150. 91 21,864,103.98 • 24,793,028.09 28.588.034.22 39,501,947.41 41,892,885.26 46.867.861.23 50,059,755.00 82,971,228.08 226,178,117.13 166,289,607.85 125.443,007.56 157,041,571.84 . $20,548,812.80 23,886,731. 39 22,162,485.24 22,707,590.82 24,265,231. 27 23,186,071.15 22,671,550. 77 19,350,217.54 22,880,954.62 24,560,430.04 22,606,835.89 24,141,898.97 26,347,319.10 Balance. $26,994,464.70 21,614,450. 54 10,664,891.39 10 177 287 38 10,638,528.99 11,193, 267.18 11,630,235.80 12,376,919.48 34,058,462.19 70,510,088.32 92,886,138.10 93,657,444 47 117,356,825.51 NOTES OF EACH DENOMINATION ISSUED, REDEEMED, OUTSTANDING J U N E 30, 1902. Denomination. Five dollars Ten dollars T w e n t v dollars $163,808,952.13 155,747,224.40 172,960,512.47 172,620,613.70 162,102, 390.66 187,592,511. 38 205,465,259.58 179,269,503.12 245,686,845.31 448,437,288.16 425,260,383.24 413,853,457.60 388,229,463.27 Drafts p a i d b y banks. NATIONAL- T o t a l issued. ..' Total •. Redeemed during year. Total redeemed. AND Outstanding. $21,800,000 20,030,000 18,200,000 $21,778,837.50 20,010,015.00 18,187,800.00 $21,662.50 19,985.00 12,200.00 60,080,000 69,976,152.50 63,847.60 252 No. REPORT ON T H E FINANOES. 65.—FRACTIONAL CURRENCY OF EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING J U N E 30, 1902. Total issued. Denomination. Redeemed during year. Total redeemed. Outstanding. Three cents Five cents Ten.cents , Fifteen cents Twenty-five cents. Fifty cents , $601,928.90 6,694,717.85 82,198,456.80 5, 305,568.40 189,031,482.00 185,891,930.60- $8.00 25.00 480.50 30.00 1,300.60 1,249.00 $511,707.63 3,886,075.28 77,140,148.38 5,065,429.14 134.758,818.41 132,131,138.70 $90,216.27 1,858,642. 57 6,058,808.47 240,139.26 4,278,168.59 3, 760,791.80 Total Unknown, destroyed. Net ' 368,724,079.45 3,088.00 853,442,817.49 32,000.00 15,281,261.96 32,000.00 868,724,079.45 3,088.00 353,474,817.49 15,249,261.96 N o . 66.—COMPOUND-INTEREST NOTES OF EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING JUNE 30, 1902. Denomination. Ten dollars Twenty dollars Fiftydollars One hundred dollars Five hundred dollars One thousand dollars Total issued. • '. Total .".. $28,285,200 30,125,840 60,824,000 45,094,400 67,846,000 39,420,000 266,695,440 Redeemed during year. $120 140 750 300 Total redeemed. Outstanding. 1,000 $23,264,680 30,098,170 60,761,650 45,062,000 67,834,500 39,416,000 $20,620 82,370 . 62,850 32,400 11,500 4,000 2,310 266,481,900 168,640 N o . 6 7 . — O N E AND TWO Y E A R NOTES OP EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING JUNE 30, 1902. Denomination. Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars. One thousand dollars Total Unknown, destroyed Net Total issued. Redeemed during year. Total redeemed. Outstanding. • $6,200,000 16,440,000 20,945,600 37,804,400 40,302,000 89,-308,000 $10 20 50 $6,198,785 16,427,320 20,932,050 37,788,300 40,300,500 89,289,000 $6,215 12,680 13,550 16,100 1,500 19,000 211,000,000 80 210,930,955 10,590 69,046 10,590 211,000,000 .80 210,941,645 58,465 N o . 6 § . — U N I T E D STATES PAPER CURRENCY OF EACH CLASS, TOGETHER WITH ONE AND TWO YEAR NOTES AND COMPOUND-INTEREST NOTES, ISSUED, REDEEMED, AND OUTSTANDING JUNE 30, 1902. Class. Issued during year. Old demand notes $101,520,000 United States notes Treasury notes of 1890... Gold certificates 129,880,000 Silver certificates 235,508,000 Currency certificates Fractional currency One and two year notes.. Compound-interest notes Total Total issued. Redeemed during year. Total redeemed. Outstanding. $60,030,000.00 $59,976,152.60 3,271,065,808.00 $101,520,000 2,924,384,792.60 447,435,000.00 17,783,000 417,435,.000.00 2,000,814,880.46 72,255,600 1,654,282,791.46 2,860,246,000.00 216,525,000 1,906,249,OCO. 00 1,473,625,000.00 1,478,625,000.00 368,724,079.45 8,088 353,474,817.49 211,000,000.00 80 210,941,545.00 266, 595,440. 00 2,310 266,431,900.00 $53,847.50 346,681,016.00 30,000,000.00 346,582,089.00 458,997,000.00 15,249,261.96 58,455.00 163,540.00 466,908,000 10,459,536,207. 91 408,089,078 9,266,750,998.45 1,192,785,209.46 253 TEEASUREB. No. 60.—SEVEN-THIRTY NOTES . ISSUED, REDEEMED, AND OUTSTANDING JUNE 30, 1902. July 17,1861 .., August 15,1864 June 15,1865.. July 16,1866 . . Redeemed to Redeemed during Total issued. June 29,1901. year. Total redeemed. $140,094,760 $140,085,850 299,992,500 299,945,700 831,000,000 380,969,550 199,000,000 - 198,964,650 $140,085,350 299,946,700 330,969,550 198,954,650 $9,400 45,800 30,450 45,850 969,956,250 131,000 Total .. - No. 970,087,250 $1,000 969,955,250 7 0 . — C O U P O N S FROM U N I T E D STATES B O N D S A N D INTEREST N O T E S P A I D THE F I S C A L Y E A R 1902, C L A S S I F I E D B Y L O A N S . Number of coupons. Title of loan. Five-twenties of 1862 Five-twenties of 1865 Loan of 1868 Consols of 1865 Consols of 1867 Funded loan of 1881 Funded loan of 1891 Funded loan of 1907 No. T l . -CHECKS Funded loan of 1907 Loan of 1904 Loan of 1925 Loan of 1908-1918 Consols of 1930 12 1 9 2 2 • 4 36 445,157 DURING Amount. Title of loan. Number of coupons. $33.00 3.00 270.00 4.50 4.50 5.00 117.56 2,108,984.50 Loan of 1904 Loan of 1925 Loan of 1908-1918 Consols of 1930 Two-year notes of 1863... 48,076 151,769 687,071 48,740 2 $474,983.84 1,346,023.50 1,499,192.40 226,451.25 2:50 1,280,880 6,651,075.65 Total: I S S U E D F O R I N T E R E S T ON R E G I S T E R E D B O N D S S T A T E S D U R I N G T H E F I S C A L Y E A R 1902. Amount. OF THE UNITED Title of loan. Number. - 80,546 5,468 14,785 109,818 23,092 $7,847,617.00 554,078.54 4,506,758.00 1,450,172.10 8,686,220.50 233,699 23,044,836.14 - - Total No. Outstanding. 7 2 . — I N T E R E S T ON 3.65 Amount. P E R CENT B O N D S O F T H E D I S T R I C T O F C O L U M B I A PAID DURING THE FiSCAL Y E A R 1902. Where paid. Treasury United States, Washington Subtreasury United States New York Total No. Funded Loan of Loan of Loan of Coupons. Checks. $5,075.31 26,853.00 $20,531.25 465,028.25 $25,606.56 491 381.25 31,428.31 485,559.50 516,987.81 7 3 . — B O N D S PURCHASED DURING T H E FISCAL Y E A R Title of loan. Coupon. loan of 1907 1904 1908-1918 1925 $2,071,050 1,358,600 895,840 6.589,500 $22,129,950 1,090,150 1,209,940 20,781,700 10,909,990 45,161,740 Total Registered. Principal. Total. 1902. Interest. Prernium. $24,201,000 $148,642.89 2,448,750 13,105.86 6,902.20 • 2,105,780 27,321,200 12&, 269.75 $2,958,620.95 175,680.25 178,880.64 10,735,209.80 295,820.19 14,043,391.14 66,071,730 254 REPORT ON T H E FINANCES. No. 7 4 . — R E F U N D I N G CERTIFICATES, CONVERTIBLE INTO BONDS OF THE FUNDED LOAN OF 1907, ISSUED, CONVERTED, AND OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R PROM 1890. onverted T o t a l issued. d C uring year. How payable. T o t a l converted. Outstanding. 1890. To o r d e r To b e a r e r $58,500 39,954,250 $40 15,740 $58,120 39,850,770 $380 103,480 40,012,750 15,780 39,908,890 103,860 58,500 39,954,250 10 9,980 58,130 39;860,700 370 98,550 40,012,750 9,940 39,918,830 93,920 58,500 89,954,250 10,340 58,130 39,871,040 370 83,210 40,012, 750 10,340 39,929,170 83,580 58,500 39,954,250 • 15,130 58,130 39,886,170 870 68,080 40,012,750 15,130 89,944,800 68,450 58,500 89, 954,250 200 9,200 58.880 39,895,430 170 58,820 40,012,750 9,460 39,953, 760 58,990 68,500 89,954,250 100 4,780 58,430 89,900,210 70 54,040 40,012,750 4,880 89,958,640 54,110 58,500 39,954,250 6,970 58,480 39,907,180 70 47,070 40,012,750 6,970 39,966,610 47,140 58,500 89,954,250 2,010 58,430 39,909,190 70 45; 060 40,012,750 2,010 39,967,620 45,180 58,500 89,954,250 3,610 58,480 39,912,800 70 41,450 40,012,750 3,610 39, 971,230 41,520 3,690 58,430 39,916,490 70 37,760 40,012,750 3,690 39, 974,920 87,830 58,500 39,954,250 2,360 58,430 89,918,850 70 85,400 40,012, 750 2,860 89,977,280 35,470 58,500 39,954,250 2,150 68,430 39,921,000 70 33,250 40,012,750 2,150 39,979,430 38,320 To order To b e a r e r . 58,500 39,954,250 1,340 58,480 89,922,840 70 31,910 Total 40,012,750 1,340 39,980,770 81,980 Total . * . 1891. To order To b e a r e r Total... 1892., To order To b e a r e r . -. - - - _ . . ..- .. Total... 1898. To order . To b e a r e r --- Total... 1894. To o r d e r To b e a r e r '. " Total... 1895. To o r d e r To bearer Total... 1896. T o ord er To b e a r e r Total... 1897. To o r d e r To bearer .^ - - -. Total 1898. To order To bearer .. .-- Total 1899. . To order To b e a r e r 58,500 89,954,250 Total... . 1900. To o r d e r To b e a r e r Total... 1901. To o r d e r To bearer .. Total... 1902. • 255 TREASURER. No. 7 5 . — P U B L I C DEBT J U N E 29, T i t l e of l o a n . Rate of i n terest. 1901, AND J U N E 30, THE Y E A R . 1902, AND CHANGES DURING Outstanding J u n e 29, 1901. Issued d u r i n g Retired duryear. ing year. P e r ct. 4 $267,876,050.00 4 38,320.00 6 21,854,100.00 4 162,315,400.00 3 99,621,420.00 2 445,940,750.00 $2,350.00 $24,201,000.00 1,340.00 2,448,750.00 27,821,200.00 20.00 - 2,105,780.00 Outstanding J u n e 30, 1902. INTEREST-BEAKING DEBT. F u n d e d l o a n of 1907 R e f u n d i n g certificates L o a n of 1904 L o a n of 1925 . . L o a n of 1908-1918 Consols of 1930 Total DEBT 987,141,040.00 2,870.00 56,078,070.00 $288,177,400.00 81,980.00 19,410,850. 00 134,994,200.00 97,515,660.00 445,940,750.00 981,070,840.00 ON W H I C H I N T E R E S T HAS CEASED. Olddebt i3tTt06 L o a n of 1847 . . 6 T e x a n i n d e m n i t y stock 6 6 L o a n of 1868 . . . . . 5-20S of 1862 6 6 6-20S of J u n e , 1864 6 5-20S of 1865 6 10-40S of 1864 6 Consols of 1865 6 Consols of 1867 6 Consols of 1868 6 L o a n of F e b r u a r y 1861 . 5 F u n d e d l o a n of 1881 F u n d e d l o a n of 1881, c o n t i n u e d 3^ Oregon war debt 6 L o a n of J u l y a n d A u g u s t , 1 8 6 1 . . 6 L o a n of J u l y a n d A u g u s t , 1861, continued . . . 3^ L o a n of 1863 (1881's) 6 L o a n of 1863, c o n t i n u e d . ... 3^ L o a n of J u l y 12,1882 8 F u n d e d l o a n of 1891 4h F u n d e d l o a n of 1891, c o n t i n u e d . 2 T r e a s u r v n o t e s of 1861 6 7-30sofl861 O n e - v e a r n o t e s of 1868 T w o - y e a r n o t e s of 1863 . . 5 Compound-interest notes 6 7-30s of 1864-66 Certificates of i n d e b t e d n e s s Temporary loan 4 to 6 T h r e e p e r c e n t certificates . — 3 Total 151,635. 26 950.00 20,000.00 2,000.00 215,850.00 15;900.00 20,850.00 19,850.00 73, 950.00 112,800.00 11,050.00 5,000.00 27,950.00 650.00 2,500.00 15,050.00 100.00 2,700.00 100.00 100.00 1,600.00 4,100.00 100.00 200.00 • 70,400.00 274,600.00 2,450.00 9,400.00 31,265.00 27,000.00 165,070.00 122,600.00 8,000. 00 2,850.00 6,000.00 1,000.00 6,250.00 120,900.00 50.00 100.00 2,460.00 1,000.00 151,635.26 950 00 20,000.00 2,000.00 215,750.00 16, 900.00 2b,850.00 19,850.00 78,950.00 n o , 100.00 11,050. OC 5,000.00 27,950.00 650.00 2,400.00 16,050.00 1, 600.00 3,100.00 100 00 200.00 64,150.00 153,700.00 2,450.00 9,400.00 81,216.00 26,900.00 162,610.00 121,600.00 3,000.00 2,850.00 6,000.00 134,760.00 1,280,860.26 58,847.50 846,681,016.00 101,520,000.00 101,520,000.00 63,847.50 846,681,016.00 82,752,934.50 20,085,274.50 3,088.00 '42,071,969.50 6,878,323.63 388,015,584.63 184,272,934.50 121,608,362.60 895,680,156.63 288,957,689.00 129,880,000.00 72,255,600.00 435,014,000.00 285,-508,000.00 216,525,000.00 47,783,000.00 17,783,000.00 346,582,089.00 458,997,000.00 80,000,000.00 771,754,689.00 365,388,000.00 306,563,600.00 830,679,089.00 1,415,620.26 D E B T B E A R I N G NO I N T E R E S T . ..: Old d e m a n d n o t e s United States notes National-bank notes, redemption account Fractional currencv 29,404,309.50 6 , 8 7 6 , 4 n . 63 Total C E R T I F I C A T E S AND NOTES. TREASURY Gold certificates Silver certificates T r e a s u r y n o t e s of 1890 Total . BONDS I S S U E D TO P A C I F I C R A I L ROADS. Central Pacific. K a n s a s Pacific U n i o n Pacific Central Branch, Union Pacific.. W e s t e r n Pacific S i o u x City a n d Pacific Total Aggregate 6 6 6 6 6 6 1,000.00 12,000.00 1,000.00 12,000.00 18,000.00 13,000.00 2,148,889,933.89 499,663,304.60 484,392,792.60 2,158,610,445.89 256 No. REPORT ON T H E FINANOES. 7 6 . — P U B L I C DEBT J U N E 30, 1902, AND OCTOBER 31, 1902, THE P E R I O D . T i t l e of l o a n . Rate of i n terest. Outstanding J u n e 30, 1902. Issued during t h e period. AND CHANGES DURING Retired during the period. Outstanding Oct. 81,1902. INTEREST-BEARING DEBT. F u n d e d l o a n of 1907 Refunding certiticates....; L o a n of 1904 L o a n of 1926 L o a n of 1908-1918 Consols of 1930 : P e r ct. 4 $283,177,400.00 4 31,980.00 5 19,410;360.00 4 184,994,200.00 3 97,515,660.00 2 445,940,750.00 931,070,340.00 Total $1,060.00 $610.00 25,300.00 16,675,250.00 1,050.00 16,701,160.00 $233,178,450.00 81,370.00 19, 385,050.00 119,318 950 00 97,515,660.00 445, 940,750.00 915,370,230.00 DEBT ON W H I C H INTEREST HAS C E A S E D . i^to6 Old d e b t 6 L o a n of 1847 6 T e x a n i n d e m n i t y stock 5 L o a n of 1868 6 6-20S of 1862 6 6-20s of J u n e , 1864 6 5-20S of 1865 •.. 5 10 40s of 1864 6 Consols of 1865.'. 6 Consols of 1867 6 Consols of 1868 6 L o a n of F e b r u a r y , 1861 . . . 5 F u n d e d l o a n of 1881 3i F u n d e d l o a n o f 1881, c o n t i n u e d . 6 Oregon war debt 6 L o a n of J u l y a n d A u g u s t , 1861.. L o a n of J u l y a n d A u g u s t , 1861, 3i 6 L o a n of 1868 C1881'sl 3^ L o a n of 1868 c o n t i n u e d L o a n of J u l v 12 1882 3 4^ F u n d e d l o a n of 1891 2 F u n d e d l o a n of 1891, c o n t i n u e d . 6 T r e a s u r v n o t e s of 1861 7 80s of 1861 O n e - y e a r n o t e s of 1863 5 T w o - v e a r n o t e s of 1868 6 Compound-interest notes 7 80s of 1864-65 Certificates of i n d e b t e d n e s s . . 4to6 Temnorarv loan 3 T h r e e p e r c e n t certificates . . . . . Total. 151,685.26 950.00 20,000.00 2,000.00 215,750.00 15,900. 00 20,850.00 19,850.00 78,950.00 110,100.00 11,050.00 5,000.00 27,950.00 560.00 2,400.00 15,050.00 2,750.00 1,600.00 3,100.00 100.00 200.00 64,150.00 153,700.00 2,450.00 9,400.00 31,215.00 26,900.00 162,610. 00 121,600.00 8,000.00 2,850.00 5,000.00 1,100.00 20,000.00 10.00 iso.66 1,280,860.26 151,635.26 960 00 20,000.00 2,000.00 215,750.00 15,900.00 20,850.00 19,850.00 78,950.00 107,360.00 • 11,050.00 5,000.00 27,950.00 650.00 2,400.00 15,050.00 1,600.00 3,100.00 100.00 200.00 68,050.00 188,700.00 2,450.00 9,400.00 31,205.00 26,900.00 162,480.00 121,600.00 3,000.00 2,850.00 6,000.00 24,040.00 1,256,820.26 D E B T B E A R I N G NO I N T E R E S T . Total •.. 53,847.50 346,681,016.00 32,240,000.00 82,240,000.00 53,847.60 346,681,016.00 42,071,969.50 6,878,323. 63 8,720,570.00 6,097,447. 00 730.00 44,695,092.60 6,872,593.63 395,680,156.63 40,960,670.00 38,338,177.00 898,302,549.63 888 Old d e m a n d n o t e s United States notes National-bank notes, redemption account Fractional currency. . 48,340,000.00 90,072,000.00 27,843,520.00 76.627.000.00 4,204,000.00 867,078,569.00 467,442,000.00 25.796,000.00 830,579,089.00 138,412,000.00 108,674,520.00 860,316,569.00 CERTIFICATES AND TREASURY NOTES. Gold certificates Silver certificates T r e a s u r y n o t e s of 1890 Total Afifffreerate • 2,158,610,445.89 179,378,620.00 162,787,897.00 2,176,246,168.89 TREASURER. ^ N o . , 7 7 . — U N I T E D STATES BONDS RETIRED, FROXM MAY, 1869, Title of loan. Loan of 1847 Bounty-land scrip Loan of February, 1861 Oregon war debt Loan of July and August, 1861 6-20S of 1862 Loan of 1868. 6-20S of March, 1864 5-20S of June, 1864 6-20S of 1865 Consols of 1865 Consolsof 1867... Consols of 1868 Texan indemnity stock Loan of 1860 Loan of 1858 10-40sofl864 Funded loan of 1881 Funded loan of 1891. Funded loan of 1907 Loan of July and August, 1861, continued Loan of 1863, continued Funded loan of 1881, continued 3Loan of July 12, 1882 liOan of 1908-1918 Funded loan of 1891 continued Bonds is.sued to Pacific railroads: Central Pacific Union Pacific Kansas Pacific Central Branch, Union Pacific Western Pacific Sioux City and Pacific. •. Loan of 1904 Loan of 1925 Rate of inter- Redeemed. est. Per ct. 6 6 6 6 6 6 6 6 6 6 6 6 6 5 • 5 5 5 5 4i 4 • Total Purchased. $47,900 1,075 7,798,000 685,800 12,932,400 480,809,500 4,684,700 2,382,200 69,867,000 157,696,450 205,270,850 310,092,850 37,477,600 232,000 7,022,000 6,041,000 192,457,950 72,862,300 81,005,450 1,418,850 8i 3i 3i 3 3 2 127,596,600 37,226,200 109,154,750 805,581,050 6 6 6 6 6 6 5 4 25,885,120 27,236,512 6,803,000 I,600,000 1,970,560 1,628,820 $10,612,000 256,800 48,776,700 57,155,850 19,854,250 I,119,800 43,459,750 36,023,350 118,950,550 62,846,950 4,794,050 43,599,000 148,518,200 231,337,550 TO JUNE 30, Converted and exchanged. $27,091,000 880,500 12,218,650 9,586,600 8,703,600 6,568,600 256,650 13,957,000 2,089,500 274,989,750 13,231,650 292,349,600 2,913,540 25,258,500 2,269,724,987 257 98,879,700 8,"518,850 27,321,200 72,071,800 861,057,890 882,374,100 1902. Total. $47,900 1,075 18,410,000 942, 600 61,709,100 514,556,360 .-'' 24,538,950 3,882,500 125,645,400 208,306,400 332,925,000 379,507,900 42,528,800 232 000 7,022,000 19,998,000 194,547,450 116,461,800 224,623,650 507,746,150 127,595,600 50,457,850 401,504, 350 305,581,050 101,793,240 25,258 500 25,885,120 27,286,512 6,303,000 1,600,000 1,970,560 I,628,320 80,589,650 27,821,200 3,963,156,977 N o . 7 § . — B O N D S AND OTHER SECURITIES RETIRED FOR THE SINKING FUND DURING THE FISCAL YEAR 1902, AND TOTAL PROM MAY, 1869. Title of loan. War-bounty scrip Loan of 1860 Loan of February, 1861 Oregon war debt Loan of July and August, 1861 5-20S of 1862 Loan of 1868 I0-40sof 1864 6-20S of March, 1864 5-20S of June, 1864 5-20S of 1866 Consols of 1866 Consols of 1867 Consols of 1868 Funded loan of 1881 , Funded loan of 1891 , Funded loan of 1907 Loan of 1904 Loan of July and August, 1861, continued. Loan of 1868, continued Funded loan of 1881, continued Loan of July 12, 1882 Loanof 1908-1918 Funded loan of 1891, continued Loan of 1926 Treasury iiotes issued prior to 1846 Treasury notes of 1861 Temporary loan certificates, act 1862 — Certificates of indebtedness, act 1862 Certificates of indebtedness of 1870 One-year notes of 1868 Two-year notes of 1863 FI 1902 17 Retired during fiscal year. From May, 1869. Redeemed. Purchased. 60.00 $175.00 10,000.00 10,615,000.00 258,200.00 48,855,150.00 54,066,560.00 19,877,850. 00 691,600.00 861,600.00 29,428,200.00 18,848,600.00 48,231,600.00 82,192,300.00 2,285,150.00 68,685,000.00 96,999,250.00 129,053,550. 00 8,518, 350.00 56,633,000.00 37,220,300.00 48,709,800.00 168,692,750.00 2,396,800.00 25,258,500; 00 27,321,200.00 .110.00 50.00 1,000.00 678,000.00 4,490.00 1,600.00 1,000.00 678,000.00 4,490.00 1,600.00 $175.00 10,000.00 3,000.00 $10,612,000.00 256,800.00 1,400.00 $100.00 48,776,700.00 78,450.00 24,029,150.00 30,037,400.00 19,854,250.00 23,100.00 'i,'666.'66' 691,600.00 861, 600.00 11,072,100.00 18,856, 100.00 1,982,460.00 16,866, 150.00 48,166, 150.00 65,450.00 32,116, 600.00 76,700.00 21,350.00 2,218, 800.00 43,699, 000.00 26,086,000,00 46,274, 850.00 6,250.00 50,724,400.00 129,053, 550.00 24,201,000.00 8,518, 350.00 2,443,750.00 66,633,000.00 87,220,300.00 100.00 43,709,800.00 168,692,750.00 2,396,800.00 2,105,280.00 26,268,500.00 120,900.00 '27,"32i,'266.'66' 27,321,200.00 no. 00 no. 00 50.00 100.00 Total. no. 00 258 No. REPORT ON T H E FINANCES. 7 8 . — B O N D S AND OTHER SECURITIES RETIRED FOR THE SINKING FUND DURING THE FISCAL Y E A R 1902, AND TOTAL FROM M A Y , 1869—Continued. Retired during fiscal year. Title of loan. Compound-interest n o t e s . 7.30s of 1861 7.80s of 1864-66 Fractional currency United States notes Old demand notes National-bank notes Total No. . . ... $2,460.00 1,000.00 8,088.00 56,206,278.00 ; From May, 1869. Redeemed. Total. Purchased. $26,980.00 1,450.00 11,900.00 26,242,559.30 -29 090 564 00 2,620.00 32,037,689.50 $26 980 00 1,^450.00 11,900.00 26,242,659.30 29 090 564 00 2'620.00 ' 32,087,689.50 ' 539,486,997.80 $478,772,050.00 1,018,259,047.80 7 9 . — B O N D S CALLED, REDEEMED, AND OUTSTANDING JUNE 30, 1902. Loan and maturity of call. Five-twenties of 1862: December 1,1871... March 7,1872 March 20,1872 June 1,1873 September 6,1873.. November 16,1878.. February 1,1874 . . . September 8,1874 . . September 6,1874.. November 1,1874 . . December 1,1874... January 1,1876..:.. February 2, 1875... M a y l , 1876...' June I, 1875 , June 11,1875 July 20, 1876 August 1, 1876 August 16, 1876 . . . . . September 1,1875.. September 24,1875. October 14,1875.... October 28,1875.... Total . Five-twenties of March, 1864: November 18, 1876 Five-twenties of June, 1864: November 13,1875..:... December 1,1876 Do December 17,1876 January 1,1876 February 1, 1876 : February 15,1876 Do Total. Five-twenties of 1865: February 15, 1876.. December 1,1876 .. December 6, 1876 . . December 12, 1876 . December 21, 1876. January 6, 1877 April 10, 1877 April 24, 1877 May 12, 1877 May 28, 1877 J u n e s , 1877 June 10, 1877 June 15,1877.. June 27,1877 July 6,1877 August 5, 1877 Total . Call No. Amount • called. $99,959,600 16,222,250 20,105,500 49,878,650 20,042,100 14,885,300 4,994,700 6,020,100 1,004,950 25,017,700 14,807,700 10,168,300 6,091,700 15,028,350 5,005,600 29,998,700 5,006,800 5,001,850 5,003,650 10,000,960 5,005,200 10,004,800 14,896,760 Redeemed during year. $100 Total redeemed. Outstanding. $99,941,750 16,218,850 20,098,150 49,815,850 20,026,400 14,828,600 4,992,300 5,016,860 1,003,950 25,COI, 700 14,801,050 10,156,750 5,086,000 15,009,200 5,005,050 29,981,200 5,006,700 5,001,560 5,002,350 9,995,360 6,003,050 10,001,450 14,892,250 $17,850 3,400 7,350 . 68,800 15,700 6,700 2,400 3,260 1,000 16,000 6,650 11,550 5,700 19,150 550 17,500 600 300 1,200 6,600 2,160 3,850 4,500 391,600,600 391,384.860 215,750 946,600 946,600 9,104,500 8,043,900 6,024,750 5,012,900 6,020,500 10,012,650 12,802,950 3,024,060 9,096,400 8,043,900 5,028,150 5,010,800 5,018,500 10, on, 650 12,801,850 8,024,050 58,046,200 58,080,800 1,974,700 10,082,800 9,996,300 10,012,250 10,058, 750 10,008,250 10,026, 900 10,155,150. 10,138,300 9,904,300 10,041,050 10,003,250 10,048,300 10,005,500 10,019,000 10,114,660 1,974,150 10,082,800 9,993,100 10,003,150 10,052,660 10,007,150 10,026,100 10,153, 650 10,137,800 9,902,800 10,041,050 10,003,250 10,048,300 10,004,500 10,018,600 10,114,550 162,633,850 152,613,000 8,100 1,600 2,100 2,000 1,000 1,100 16,900 560 8,200 9,100 1,100 1,100 800 1,600 600 1,500 1,000 600 20,850 259 TREASURER. No. 7 9 . — B O N D S CALLED, REDEEMED, AND OUTSTANDING J U N E 30, 1902—Continued. Loan and maturity of call. Consols of 1866: August 21,1877 August 28,1877 September 11,1877. October 6,1877 October 16,1877.... October 19,1877.... October 27,1877.... November 8,1877 . . March 6,1878 July 30,1878 August 6,1878 August 22,1878 September 5,1878.. September 20,1878. October 11,1878.... October 17,1878.... October 23,1878.... October 30,1878..... November 6,1878.. November 7,1878 . . November 10,1878. November 16,1878. November 26,1878. December 4,1878... December 16,1878.. February 16,1879 . . February 27,1879 . . March 9,1879 March 18,1879 Call No. 47 48 49 60 51 52 53 64 55 56 57 58 59 - 60 61 62 68 64 65 66 67 68 69 70 71 72 73 74 75 Amount called. Redeemed during year. Total redeemed. Outstanding. $10,160,700 10,018,650 • 15,000,600 10,003,400 10,015, 550 10,007,650 10,012,650 10,063,700 10,032,850 5,083,850 5,007,850 4,973,100 6,001,100 4,795,250 4,935,000 4,989,850 6,082,800 5,264,300 4,966,000 5,089,850 4,991,200 5,072,200 4,996,300 - 4,620,650 5,003,200 6,060,650 5,012,500 5,007,400 12,374,950 $10,168,400 10,015,200 14,995,050 10,000,200 10,000,750 10,004,200 10,006,360 10,058,050 10,031,200 5,083,000 6,006,450 4,972,050 5,000,500 4,792,200 4,931,800 4,985,750 5,082,700 6,251,300 4,964,800 5,087,300 4,991,060 6,071,800 4,995,100 4,620,600 6,001,700 5,059,650 5,012,100 5,006,400 12,372,160 $2,300 3,450 5,550 8,200 14,800 8,450 6,300 5,650 1,150 850 1,400 1,050 600 3,050 3,200 4,100 IOO 3,000 200 2,060 150 400 1,200 50 1,500 1,000 400 1,000 2,800 Total. 202,631,750 202,667,800 73,950 Consols of 1867: April 1,1879 . . April 4,1879 . . April 6,1879 . . April 8,1879 . . April 11,1879., April 14,1879. April 18,1879April 21,1879., April 24,1879., April28,1879. May 1,1879... May 6,1879... May 12,1879.. Mav 17,1879.. May 24,1879.. June 4, 1879..-, June 12, 1879., June 29, 1879. July 3,1879... July 4,1879... 9,983,700 9,893,300 10,314,700 10,006,660 9,389,600 20,104,700 19,604,800 18,579,600 21,622,960 20,258,900 20,161,260 20,044,260 19,858,600 20,219,200 19,407,460 10,674,400 10,464,650 10,076,700 9,972,800 19,213,050 660 600 9,981,300 . 9,883,450 10,811,100 10,002,650 9,386,000 20,096,200 19,696,550 18,572,750 21,616,050 20,248,700 20,158,250 20,041,050 19,847,150 20,214,850 19,402,600 10,668,100 10,468,300 10,064,900 9,971,000 19,210,100 2,400 9,850 3,600„ 4,000 3,600 8,500 8,250 6,750 6,900 5 200 3,000 3,200 11,450 4,850 4,850 6,300 1,360 11,800 1,800 2,950 2,700 809,786,050 110,100 37,420,300 87,409,250 11,060 10,294,150 157,607, 600 24,675,050 10,290,950 167,690,950 .24,576,050 8,200 16,650 192,476,800 i 192,456,950 19,850 87 309,846,160 Total . Consols of 1868: July 4,1879.. 96 Ten-forties of 1864: July 9,1879 July 18,1879.... July 21,1879...Total . $1,000 50 300 800 Loan of 1868: July 23,1879 . 100 260,000 F u n d e d l o a n o f 1881: May 21,1881 August 12,1881... Octoberl, 1881... 101 103 104 26,030,100 10,121,850 28,184,500 25,029, IOO 10,097,050 28,182,350 1,000 24,800 2,150 68,836,450 63,308,500 27,950 12,947,450 12,932,400 16,050 4,684,700 3,100 Total . Loan of July and August, 1861. July 1,1881 102 Loanof 1863: July 1,1881. 102 4,687,! 1,000 260 REPORT ON T H E FINANCES. N o . 7 9 . — B O N D S CALLED, REDEEMED, AND OUTSTANDING J U N E 30, 1902—Continued. Loan and maturity of call. Call No. Loan of July and August, 1861, tinued: December 24,1881 January 29, 1882 March 13,1882 April 8, 1882...-. May 8, 1882 . . . .o. May 10, 1882 . . . •. May 17,1882 .lune 7, 1882 J u l y l , 1882 105 106 107 108 109 110 111 112 118 Total. Loan of 1868, continued: August 1, 1882 September 18,1882... October 4, 1882 114 115 116 Total. Funded loan of 1881, continued: December 28,1882 January 18,1883 . .^ February 10, 1883.. May 1, 1888 November 1, 1883 117 118 119 120 121 122 128 124 126 126 127 128 129 180 181 182 133 134 186 136 187 138 189 140 141 142 143 144 145 146 147 148149 121,857,650 121,856,050 15,024,700 16,304,000 8,269, 760 15,024,700 16,804,000 8,269,650 34,598,450 34,598,850 26,822,600 16,119,850 15,221,800 15,215,850 80,758,350 25,822,050 16,119,850 15,221,800 Vl6,215,350 30,758,360 150 25,457,000 151 152 153 154 155 156 157 2,862,000 640,000 • 3,680,000 4,820,000 9,712,000 29,904, 952 14,004,560 Total. 158 103,182,400 15,272,100 15,183,650 10,208,850 10,047,850 10,093,000 10,010,250 10,151,050 10,040,800 10,050,100 10,880,750 10,098,150 10,000,250 10,012, 750 10,009,750 10,002,900 4,001,850 4,007,700 4,004,950 10,003,650 15,005,000 15,122,400 15,008,800 10,005,850 10,010,900 13,887,000 10,007,750 10,014,250 19,717,500 15,272,100 15,138,650 10,208,850 10,047,850 10,093,100 10,010,250 10,151,050 10,040,800 10,050,100 10,330,750 10,098,150 10,000,2.50 10,012,750 10,009,850 10,002, 900 4,001,850 4,007,700 4,004,950 10,003,650 15,005,000 15,122,400 15,008, 300 10,005,850 10,010,900 18,887,000 10,007,750 10,014,250 19,717,600 Bonds issued to Pacific railroads: January 16,1895 November 1,1895 January 1,1896 February 1,1896 : January 1,1897 January 1,1898 January 1,1899 Aggregate. 100 802,259,000 Total . Total redeemed. $20,081,550 20,184,900 19,564,100 20,546,600 5,086,200 5,009,200 6,096,560 15,109,450 11,227,500 Funded loan of 1891: September 2,1891. Funded loan of 1891, continued: August 18,1900 Redeemed during year. $20,031,550 20,184,900 19,564,100 20,546,700 6,086,200 5,010,200 5,096,550 15,109, 950 11,227,600 103,132, 950 Total. Loan of July 12, 1882: December 1, 1883 . . December 15, 1883. February 1, 1884... March 15,1884 May 1,1884 . June 20,1884 June 30,1884 August 1,1884 September 30,1884. November 1,1884 . . February 1,1886 . . . March 1,1886 April 1,1886 May 1,1886 June 1,1886 July 1,1886 August 1,1886 September 1,1886.. September 16,1886. October 1,1886 October 16,1886.... November 1,1886 . . December 1,1886 . . February 1,1887 . . . March 1,1887 April 1,1887 May 1,1887 July 1,1887 Amount called. 302,258,800 .6,250 1,000 10,000 "2," 666' 25,392,850 2,362,000 640, 000 8,680,000 4,820,000 9,712,000 29,904,952 14,004,560 64,623,512 13,000 64,623,512 25,364,500 120,900 25,210,800 2,104,027,012 144,050 2,103,298,162 Outstanding. 261 TREASUBER. No. § 0 . — P U B L I C DEBT, EXCLUSIVE OP CERTIFICATES AND TREASURY NOTES, AT THE END OF EACH M O N T H . FROM J A N U A R Y , 1 8 9 0 . Month. 1890—January.., February. March April May June July August September. October ... November; December. 1891—January . . , February.. March April May June July August September, October .., November, December. 1892—January . . , • February., March..... April May June July -. August September. October ... November. December. 1893—January.., February., March April , May , June July August September, October .., November, December , 1894—January . . , February., March April , May June July , August September, October ... November. December. 1895—January.. February,, March April , May , June , July , August September, October .. November, December, 1896—January... February. March April May June July August... Interestbearing. Matured. .. 845.26 $740,), 327,450 $1,841. 1,885.26 1,833, 735,), 029,520 1,831,,105.26 728,\, 499,020 719,), 178,570 1,826,, 045.26 :, 165.26 1,824, 713, ,488,580 », 805.26 711,L, 313, n o 1,815, ,135.26 1,803, ), 799,360 7oo; ',275,26 680,), 978,020 1,777, ', 985.26 1,750, >, 688,070 688: ;, 685.26 1,708, 632, ,283,390 ,345.26 1,687, ), 492,590 629, :, 505.26 619i), 019,740 1,682, >, 695.26 1,679, ,145,750 617, ., 865.26 1, 671, 615!), 501,580 ,115.26 1,670, ,512,780 613i 1,660,,635.26 610, ,771,520 ', 505.26 1,647, 610, ,529,120 610,), 529,120 1,614,, 705.26 ,320.26 1,618, ,529,420 610i 1,611,,770.26 610, ,529,420 ', 290.26 9,127, ),02<:,720 685, 6,209,,230.26 585, ,026,720 1,770.26 5,279, ,026,870 585, !, 340.26 4,633, 585, ,026,970 i, 900.26 585,), 027,680 3,965, <, 410.26 8,725, 585;,028,080 ,670.26 ,028,630 8,461, 585, :, 210.26 585,), 029,030 3,304, ', 345.26 3,167, ,029,280 585, ., 875.26 2,785, 585,,029,330 ,325.26 2,603, ,030,380 585, 2,536,, 765.26 585,,031,080 2,510,,146.26 685,,031,170 1,655.26 2,459, 685, ,032.020 1,015.26 2,432, ), 032,980 585, S 045.26 2,385, 585,,038,080 ,755.26 2,357, ), 033,660 585, 585, , 034,260 2,835,,305.26 ,590.26 2,801, , 034,260 585, 585;), 084,810 2,228,, 490.26 ., 010.26 2,191, , 085, n o 585; :, 060.26 585,), 037,100 2,094, , 580.26 2,081, ,037,440 585, ', 540. 26 2,045, 585,), 087,690 ,770.26 1,984, ,087,740 585, 585, ,03^', 040 1,974,,570.26 ,880.26 1,939, 585,,039,220 585,), 039,810 1,913,,530.26 :, 680.26 1,884, ), 040,090 585, ., 020.26 625,), 872,000 1,871, :, 120.26 1,864, L, 940,930 634, !, 030.26 1,862,. 635, ,041,380 1,858,,890.26 635,,041,840 635,), 041,890 1,851,, 240.26 1,850.26 635;), 042,590 1,840, 635,), 042,670 1,831,,750.26 1,030.26 ,042,810 1,830, 635; i, 280:26 635,), 042,860 1,828, i, 930.26 1,826, ,148,030 689; ., 800.26 1,825, 679, ,168,180 :, 690.26 1,792, : , 828,710 684, 685;), 043,860 1,779,,300.26 V250.26 5,851,960 1,770, 713, •, 660.26 716;), 20]., 910 1,754, ,920.26 1,734, ), 202,010 716; 716;), 202,060 1,721,,590.26 ', 650.26 1,699, • , 360,400 747; 1,870.26 747-, 360,610 1,695, 1,660.26 1,685, 747;,360,820 747;^ 36:., 560 1,681,,670.26 ., 180.26 1,676, 747;J, 361,960 :, 510.26 1,674, 747;',361,960 1,673,,190.26 7471,362,820 ', 630.26 1,667, 822;1,615,170 1,659,,510.26 837,7,404,140 1,651..790.26 842,2,812,140 ., 970.26 845,), 488,590 1,645, 1,890.26 847,7,368,890 1,636, ;, 640.26 847,7,36<:,250 1,683, !, 960.26 847,7,364,260 1,622, [Jnited S t a t e s N a t i o n a l - b a n k notes a n d notes, redempfractional cur- tion account. rency. .,202.97 ,202.47 ,008.47 1,469.47 ., 559.47 ,559.47 , 559.47 659.47 ,675.47 , 675.47 ,675.47 , 525.47 ,'525.47 ,395.47 ,240.82 ,240.82 ,843.10 :, 343.10 ,343.10 ,355.10 ,355.10 ,855.10 ,337.10 ,837.10 ,397.10 ,397.10 , 397.10 ,397.10 ,126.12 ,126.12 ,126.12 ,126.12 ,126.12 , 126.12 , 126.12 , 126.12 S126.12 788.12 ,788.12 ,168.12 ,168.12 ,168.12 ,168.12 ,168.12 ,168.12 , 168.12 ,168.12 ,445.92 ,445.92 ,445.92 ,520.92 ,620.92 , 000.92 , 000.92 ,000.92 , 000.92 ,000.92 ,000.92 ., 895.92 ,895.92 ,895.92 ,280.92 ,280.92 ,280.92 ', 980.99 ,980.99 ', 980.99 ,980.99 ', 257.64 1,257.64 ', 257.64 1,352.64 ;, 862.64 ,852.64 ., 352.64 ,362.64 ,647.64 1, 547.64 1,547.64 $67 195,., 912.76 $1,163, 64 182,;, 864.25 1,154; 62 140,',825.75 1,14i; 60 040,', 957.25 1,134 68 022,,894.75 1,126; 65 619,,359.75 1,122, 64 207,,975.75 1,110, 55 059,,296.75 1,091 66 005,-, 865.25 1,050; 54 796,,857.25 1,042, 52 994,,622.75 1,037, 51 323,,030.76 1,025, 49 107,,010.75 1,021 47 165,', 815.25 1,017 45 116,,485. 76 1,013; 44 156,,999.25 1,010, 42 203,,860.75 1,< 40 018,,892.25 1,005, 38 461,.,875.26 1,004. 37 872,,208.75 1,003, 36 540,,138.26 85 430,:, 670.75 977, 88 789,,991.26 975 82 679,,299.25 973; 81 350,1,376.75 972, 29 888,,003.25 971 28 894,,830.75 28 273,, 515.75 970; 969, 27 521,,281.25 26 768,, 509.25 968; 967, 26 105,,108.75 967; 26 018,,448.25 25 836,., 722.76 966; 25 191,., 032.75 966, 965; 24 137,,678.26 964; 23 466,,501.75 963; •22 771,,492.26 22 272,:, 061.25 963; 962, 21 854,,580.75 21 506,., 675.75 962; 961 20 887,,600.25 96i; 20 663,,437.75 20 364,:, 878.26 96i; 960; 20 239,,960.25 20 727,, 096.75 96i; 961, 21 295,s 714.25 20 952,:, 547.76 96i; 963; 28 015,,908.75 965; 24 582,,,859.75 25 977,', 549.25 1,007; 25 957,,602.00 1,016; 27 019,., 048.50 1,017; 26 381,,809.00 1,016; 26 371,, 685.50 1,016, 26 817,,470.00 1,016, 26 234,,592.55 1,016; 27 060,,495.50 1,017 28 163,, 475.50 1,018; 29 487,,564.00 1,024, 29 615,,449.50 1,064, 29 80 L,,277.00 1,069, 28 155,,471,00 1,068, 27 393,, 816.00 1,096, 27 069,,968.50 1,' 26 205,,181.00 1,097, 25 359,',489.00 1,096, 24 668. 404.00 1,127 24 277,,018.00 1,126; 28 818,,588.50 1,126, 23 706,', 619.00 1,126, 28 216,,600.00 1,125, 22 659,1,734.60 1,125, 21 973,;, 653.00 1,124, 21 868,;, 326.50 1,199, 21 291,,999.00 1,218, 20 786,i, 048.00 1,218; 1,220; 19 906,1,698.00 , 022.60 1,222; 20 102,; ;, 546.50 1,222 19 688,1,828.50 19 229, 1,221 472.48 153.48 580.98 109.48 884.48 080.48 151.48 479.98 557.98 283.48 951.48 981.48 785.98 776.48 895.83 226.83 560.61 958.61 742.II 503.61 976.11 986.61 946.61 294.11 890.61 528.11 158.11 253.61 840.63 985.18 419.63 164.13 784.13 799.63 753.13 033.63 752.63 219.13 764.13 888.63 766.13 016.63 258.63 775.18 492.63 816.18 917.13 525.93 015.43 098.18 979.68 560.18 816.68 911.18 013.78 836.68 616.68 525.18 275.68 673.18 527.18 807.18 819.68 892.18 120.25 485.25 479.26 999.75 1.06.90 997.90 462.40 015.90 479.40 001.90 330.90 610.90 850.40 984.40 696.40 262 No. REPORT ON T H E F I N A N C E S . 8 0 . — P U B L I C DEBT, EXCLUSIVE OF CERTIFICATES AND TREASURY NOTES, AT THE END OF EACH MONTH, FROM JANUARY, 1 8 9 0 — C o u t i u u e d . Month. 1896—September October . . November December 1897—January.. February. March April . ^ . . . May June July August... September October . . November, December 1898—January.. February. March April May June July August... September October . . November, December 1899—January.. February. March April May June July...:.. August . . . September October... November December 1900—January . . February . March April . May June July August . . . September October . . November December 1901—January . . February. March April May June , July...... August..., September October . . November, December 1902—January.. February. March April , May June July August September, October Interestbearing. • $847, 847; 847, 847, 847, 847, 847, 847 • 847 847 847, . 847 847 847 847; 847; 847, 847, 847; 847, 847; 847; 847; 922; 990 1,026; 1,086 1,040; 1,040, 1,040, 1.045, 1,046, 1,046, 1.046, 1,046, 1,046, 1,046, 1,016, 1,037 1,026, 1,026, 1,026, 1,026, 1,026, 1,026, 1,023; 1,021; 1,001, 1,001; 1,001; 1,001; 1,001 1,001 1,001; 1,001 995 992, 987, 985, 982, 966 961 949; 948, 939, 937, 981, 931, 981' 931 98i; 98i; 981 915; Matured. United States National-bank notes and notes, redempfractional cur- tion account. rency. .790. 26 $858,625, 867.64 010.26 353.625, 867.64 620.26 353.626,867; 64 070.26 853, 625,867.64 930.26 353, 625,867.64 210.26 358,624, 604. 64 760.26 353,624, 604. 64 830.26 353,624, 604.64 610.26 353,624, 604.64 880.26 358,628, 065.64 340.26 853,628, 065.64 280.26 853, 623,065. 64 570.26 353,623, 065.64 540. 26 353,628, 065.64 280.26 863,622; 300.64 270.26 353,622, 300.64 640.26 358,621, 635. 64 670.26 353,621, 635.64 780.26 863,620, 616.64 680.26 358,620, 615.64 850.26 858,620,615.64 680.26 368,619, 766.64 050. 26 368,619, 765.64 030.26 853,619, 765.64 790.26 858,618,987.64 870. 26 353,618, 987.64 630.26 858,618, 987.64 200.26 853,618, 987.64 150.26 358,618,242.64 670.26 353,618,242.64 420.26 363,618, 284.16 390.26 858,-617,856.16 850.26 353.617, 856.16 300.26 353,616,272.16 740.26 358,616, 272.16 150.26 353,616, 272.16 030.26 353,616,272.16 030.26 363,616, 272.16 820.26 853,615, 422.16 600.26 353,615, 422.16 410.26 353,615,422.16 000.26 363,615,421.91 600.26 363,614, 818.91 170.26 363,614, 818.91 880.26 363,614, 318.91 820.26 363,613,868.91 310.26 863.618,853.91 960.26 353,613, 273.91 220.26 353,613, 278.91 080.26 858,613,278.91 410.26 368,613, 278.91 070.26 353,613, 278.91 190.26 853,613, 273.91 690.26 358,612, 326.91 140.26 858,612, 326.91 840.26 558,612, 826.91 120.26 . 353,611,276.13 620.26 353,611, 276.13 820.26 358,611, 225.13 620. 26 853,611, 225.18 560.26 363,611, 226.13 310.26 353,611,225.13 940.26 353,610, 002.13 790.26 353,609, 355.38 830.26 358,609, 855. 88 270.26 353,609, 175.38 120. 26 353,609, 175.88 080. 26 353,609, 172.13 880.26 858, 608,187.13 860.26 853,608, 187.18 810. 26 853,608, 187.13 490.26 853,608, 187.13 860.26 858,608, 187.13 820. 26 853,607,457.13 $18,845. 768.00 18,474, 880.00 18,544, 249.60 18,876, 383.50 20,997 189.60 23,089; 944.50 28,662; 492.00 23, 991;184.60 .24,469, 719.50 24,458, 687.00 24,188, 877.00 24,571 442.00 24,992; 324.50 26,000, 524.50 27,670, 824.50 32,268 146.00 33,257 139.00 88,352 434.00 82,612, 218.50 31,974, 968.50 81,275, 699.50 80,493 147.00 80,677; 676.00 80,266; 206.00 30,072, 331.00 29, 672,880. 00 28,593, 029.60 28,868, 814.00 31,792, 003.00 31,422, 722.00 32,936, 782.00 84,880, 371.00 35,591 064.00 85,817 381.50 85,661 056.00 35,779; 155.00 36,721' 240.00 35,145; 799.00 34,433, 888.00 36,299, 218.00 86,440, 818.00 85,563; 840.00 37,865, 294.50 89,259; 654. 00 37,113; 151. 50 35,147; 878.50 83,290, 761.00 38,874, 308.00 33,732, 795.50 '32,864, 298.00 32,167 282.50 31,531 532.50 80,472, 127.00 28,991 227.00 28,708; 554.50 28,718, 918.60 27,728; 088.00 29,404; 309.50 28,691 234.50 28,676; 186.50 29,595; 389.00 31,713; 019.50 38,268; 870.50 86,003; 208.50 36,691 029.00 37,971; 313.00 39,594; 625.50 41,873; 957.50 41,889, 895.00 42,071 969.50 41,929, 629.50 41,646, 804.60 42,783, 894.50 44,695, 092.50 Total. $1,221, 1,221; 1,221; 1,221; 1,223; 1,225; 1,226, 1,226; 1,226; 1.226, 1,226, 1,226, 1.227, 1,228, 1,229, 1.234, 1,236, 1.235, 1,234, 1,284, 1,233, 1,232, 1,282, 1,807, 1,376, 1,411, 1,419, 1,423, 1,427, 1,427, 1,438, 1,435, 1,436, 1,486, 1,486, 1,436, 1,486, 1,436 1,426, 1,417, 1,418; 1,417; 1,419; 1,420; 1,418; 1,413; 1,409; 1,397, 1,894, 1,391, 1,890, 1,389, 1,387, 1.385, 1.386, 1,879, 1,374, 1,371, 1,869, 1,366, 1,351, 1,347, 1,337, 1,333, 1,380, 1,329, 1,325, 1,827, 1,827, 1,328, 1,327, 1.327, 1.328, 1,814, ,685.90 ,717.90 ,, 257.40 1,961.40 1,787.40 ', 709.40 ,806; 90 :, 649.40 ,864.40 ,712.90 ,102.90 ;, 827.90 , 500.40 , 690.40 i, 025.40 ,336.90 ;, 124.90 :, 419.90 ,294.40 , 274.40 ,575.40 ,062.90 , 221.90 ,801.90 ,708.90 ,197.90 ,277.50 , 981.90 ,425.90 ,904.90 ,726.42 , 797.42 ,600.42 ,703.92 ,838.42 ,427.42 ,392.42 ,121.42 ., 270.42 ', 460.42: , 200.42 1,882.17 »,353.67 1,638.17 ;, 340.67 ., 912.67 ', 075.17 ;, 802.17 , 649.67 , 352.17 , 666.67 ., 646.67 ;, 851.17 :, 658.17 >, 430.67 1,464.67 :, 963.89 ,244.89 ,839.89 ,, 121.89 , 244.89 ., 654.89 ;, 142.89 , 664.14 , 544.64 , 918.64 ,621.14 ,959.89 ,802.39 ,366.89 :, 966.89 ,821.89 , 281.89 ', 599.89. 263 TEEASURER. No. 8 1 . - ^ L A W F U L MONEY DEPOSITED IN THE TREASURY EACH MONTH OP THE FISCAL Y E A R 1902 FOR THE REDEMPTION OF NATIONAL-BANK NOTES. Five per cent account. Month. 1901—July . . . August September October . November December 1902—January February March April May .Tune Total . . . $11,790,666.65 11,698,142.17 8,018,651.25 11,792,125.06 10,727,003.89 9,986,200.31 13,257,742.74 14,717,011.04 14,614,948.89 13,781,515.97 14,713,298.05 13,745,665.73 - 148,687,860.75 Failed account. $361,255.66 2,858.00 65,749.50 • 2,731.00 20.00 2,395.00 312,800.00 17,807.50 704,616.00 Liquidating account. Reducing account. $101 940 00 1 182i 500.50 1,124. 900.00 848,805.00 829,988.00 144,741.00 1,441,825.00 341,140.00 395,220.00 1,190,863.00 218,690.00 1,293,887.00 7,609,494.50 s;.'S37 ."sno fin 678,910.00 689,500.00 2,263,240.00 3,068,500.00 2,999,075.00 2.480,044.50 2,986,472.50 2,980,262.50 2,999,147.50 2,357,785.00 1,191,772.50 Total. $12,430,106. 65 12,755,807. 67 9,882,951.25 14,901,528.06 14,191,235.89 13,082, 747.31 17,179,682.24 18,047,018.54 18,302,725.89 17,989,338.97 17,289,768.05 16,231,825.23 25,282,209.50 182,234,180.75 N o . 82.—DISBURSEMENTS FROM REDEMPTION ACCOUNTS OP NATIONAL MONTH OF THE FISCAL Y E A R 1902. BANKS EACH For notes redeemed. 1901—July August'.... September October... November December. 1902—January... February . March . . . . April Maj'^ June $12,556, 130.00 12,101,000.60 9,189,662.50 12,674,449.50 11,205, 631.50 11,629, 872.00 16,907, 824.00 17,066, 458.50 16,159,515.00 15, 670,480.50 17,009, 665.00 14, 926,115.50 Total...- 167,096,149.50 Transfers and Total disburserepayments. ments. $121,635.39 $12,677, 765. 39 79,203. 30 12,180,208. 80 49,845.00 9,289,507.50 205,505.30 12,879, 954.80 457,699.48 11,663, 330.98 313,026.95 11,942, 398.96 387,609.04 ' 17,295, 338.04 146,922.14 17,213, 876.64 162,349.68 16,321, 864.68 231, 7.14.60 15,902, 145.10 146,080.42 17,155, 645.42 267,714. 75 15,198,830.25 2,669,206.05 Balance. $42,058, 260.46 42, 633, 864. 33 43,227, 308.08 45,248, 881. 34 47, 776, 786.25 48,917, 184. 61 48,801, 433.81 49,635, 076.71 51,616, 937.92 68,708, 126.79 58,837, 249.42 54,874, 744.40 169,665,855.55 N o . 8 3 . — N A T I O N A L - B A N K NOTES RECEIVED FOR REDEMPTION PROM THE PRINCIPAL CITIES AND OTHER PLACES EACH MONTH OP THE FISCAL Y E A R 1902, IN THOUSANDS OP DOLLARS. Month PhilaNew Y o r k . B o s t o n . delphia. 1901—July $7,653 August 7,528 S e p t e m b e r . . . 4,345 October 5,780 N o v e m b e r . . . 5,444 6,994 December 1902—January 11,598 February 7,846 March 6,799 April 6; 886 May 8,752 June 7,674 Total : 86,749 $1,702 1,556 1,144 1,471 1,600 1,702 2,164 1,658 1,416 1,821 1,608 1,480 18,672 $829 791 580 ' 803 779 875 1,051 818 983 1,192 1,035 1,107 10,788 Baltimore. Chica- CincinSt. go. nati. Louis. $382 483 342 475 370 407 531 404 446 557 679 559 $704 867 653 847 820 9c.9 1,488 1,806 1,389 1,399 1,662 1,623 $144 136 186 151 289 264 268 364 308 285 410 494 $467 1,609 858 416 335 396 1,906 1,108 1,552 1,877 1,266 1,557 5,635 14,192 8,198 12,847 New Orleans. Other places. Total. $108 $1,890 $13,379' 86 1,280 14,336 105 1,130 8,792 11,385 93 1,399 11,087 88 1,417 18,351 95. 1,679 142 1,721 . 20,864 1.4,999 224 X 2 1 6 14,611 880 1,438 15,451 858 1,576 311 1,621 17,244 336 1,590 16,370 2,271 17,517 171,869 264 No. REPORT ON THE 8 4 . — R E D E M P T I O N S AND DELIVERIES OF NATIONAL-BANK NOTES EACH MONTH OF THE ;FISCAL Y E A R 1902. Month. 1901—July August September October November December 1902—January.. February March April *. M a y 'une Total No. FINANCES. On h a n d , D e l i v e r i e s o n D e p o s i t e d i n c h a r g e d to 5 redemption acper cent Treasury. counts. account. Redemption. $12,650,750.00 11,961,200.50 9,318,942.50 12,647,009.50 11,233,086.60 11,632,547.00 16,829, 084.00 16,890, 651.00 16,296,017.350 15,656,020.50 17,025,615.00 14.994.665. 50 $13,286,487.90 14,104,588. 90 9,059,660.10 11,325,470.70 11,128,439.20 12,882,894.68 20,427,010.20 15,421,076.85 14,353,''812.00 15,624,828. 50 16,816,086.63 16,668,280. 70 u, uo, o 1 171 048 185.86 1 . , Ifi7 n.85. .'i.89..^n ' $96,120.00 234,920.00 105,640.00 138,080.00 105,675.00 102,500.00 181,240.00 367,042.50 220, 540. 00 284,950.00 218,900.00 150,850.00 $7,982.00 11,435.00 12,122.00 5,064.00 7,661.00 13,807.00 12,960.00 7,185.00 13,176.00 10,564.00 23,138.00. 23,388.00 On h a n d , u n assorted. $6,688,149.C9 8,655,303. 89 8,513,178. 99 7,159,186.19 7,074,282.89 8,313,998.57 11,820,224.77 10,167,662.12 8,348,288.12 8,292,117.12 8.075,505. 75 9,794,282.95 148,477.00 ' 8 5 . — R E D E E M E D NATIONAL-BANK NOTES DELIVERED FROM THE TREASURY EACH MONTH OF THE FISCAL YEAR 1902. Month. t90i_.July August September October November December 1902—January . . February March April May June Total For r e t u r n to For destruction For destruction b a n k s of issue. a n d r e i s s u e . a n d r e t i r e m e n t . Total. $6,941,435.00 6,305,692.50 5,088,976.00 7,919,485.00 6,484,007.50 6,336,210.00 ^ 8,813,197.50 8,317,250.00 8,800,407. 50 8,475,455.00 8,844,267.50 7,820,412.50 $1,285,755.00 1,144,838.00 895,247.50 988,874.60 1,596,709.00 1,395, 717.00 2,082,796.50 2,049,471.00 2,064,470.00 1,910,675.50 2,611,037:50 2,109, 683.00 $12,550, 750.00 11,961,200.50 9,318,942.50 12, 647,009.50 11,233,036.50 11,632,547.00 16,829,084.00 16,890,651.00 16,296,017.50 15,656,020. 50 17,025,615.00 14,994,665.50 57,303,520.00 i 89.646.745.00 20,085,274.50 167,035,589.50 $4,328, 560.00 4,610,670.00 8,334,720.00 8,738,700.00 3,152,320.00 3,900,620.00 5,983,090.00 6,523,930.00 5,981,140.00 5,269,890.00 5,570,310.00 5,064,570.00. Balance. $6,728,269. 99 8,890,223.39 8,618,818. 99 7,292,216.19 7,179,957.89 8,416,498.57 12,001,464.77 10,524,704.62 8,568,823.12 8,527,067.12 8,294,405.75 9,944,632. 95 No. 8 6 . — N A T I O N A L - B A N K NOTES RECEIVED FOR REDEMPTION PROM THE PRINCIPAL CITIES AND OTHER PLACES, BY FISCAL YEARS, FROM 1890,. IN THOUSANDS OP DOLLARS. Fiscal year. 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 Philadel- Balti- Chicago. Cincin- St. Other New phia. more. nati. Louis. Orleans. places. New York. $29,100 80,393 30,845 36,841 62,790 61,936 \^8,051 65,312 51,804 46,610 52,707 81,268 S6, 749 $7,818 7,106 8,058 9,580 14,255 10,266 14,613 16,382 16,606 13,342 12,427 19,467 18,672 $4, 640 $2,018 1,618 •'',381 2,070 5,053 1,808 5,402 1,092 6,094 952 6,099 2,068 7,601 1,610 8,348 2,113 6,570 2,385 7,332 2,633 8,390 4,747 9,097 5,685 10,788 $5,188 $1,425 $1,792 4,'615 1,495 1,284 6,050 1,938 1,239 • 4,998 2,238 1,178 4,180 2,560 1,102 4,028 1,705 1,781 5,778 3,112 3,836 5,431 1,584 2,172 5,153 1,465 1,895 5,050 1,718 2,288 4,804 1,218 2,320 8,562 1,644 6,008 14,192 3,198 12,847 $1,857 $16,924 1,038 15,586 1,010 14,367 852 13,448 464 12,844 9,608 •389 l,-062 12,140 575 12,160 564 10,942 630 11,488 710 11,778 1,528 15,171 2,271 17,517 265 TREASURER. No. 8 7 . — R E S U L T OP THE COUNT OP NATIONAL-BANK NOTES RECEIVED FOR REDEMPTION, BY FISCAL YEARS, FROM 1890. Claimed by owners. Fiscal year. $70,242,489.45 67,475,113.15 69,625,086.73 75,845,224.51 105,099,227. 89 86,940,748.64 108,260,978.05 118,226,181.47 97,459,282.47 90,888,301.01 96,982,607.88 147,486,577.98 171,612,752.90 1890.. 1891 1892 1893... 1894 1895 1896 1897 1898--. 1899 1900 1901 1902 No. Counter" O v e r s . ' " S h o r t s . " R erfeej rercetde da. n d feit. Express charges. $887,104.85 $2,634.50 625,663.80 2,800.00 644,706.95 2,529.60 504,984.30 8,002.00 897.992.05 2,472.50 575,708.51 1,680.50 352,355.27 2,069.50 626,881.70 1,508.75 352,846.95 1,424.50 681.108.06 1,227.00 750,902.15 1,706.00 840,635.30 1,432.00 462,968.75 1,754.00 $813.75 241.70 256.81 384.50 9,218.55 18,226.95 15,598. 95 48.80 76.20 121.80 124.70 143.95 174.62 $8,540.90 10,661.05 9,832. 70 18,291.85 2,798.75 7,558.54 7,654.71 5,423.79 10,383.40 16, 616.50 8,092.25 19, 903.52 7,269.28 $4,954.55 43,819.00 10,784.50 7,910.50 6,816.88 2,062.90 7,582.70 3,841.50 11,957. 5015,911.20 11,685.80 20,620.80 6,999.40 Net proceeds. $69,856,022.70 66,818,249.70 68,976,642.07 76,342,284.56 104,185,526.71 86,355,723.22 107,891,026.84 112,599,879.51 97,103,860.72 90,166,648.46 96,226,281.48 147,143,649.90 171,048,185.36 88.—DISPOSITION M A D E OF THE NOTES REDEEMED AT THE NATIONAL-BANK REDEMPTION AGENCY, BY FISCAL YEARS, FROM 1890. Fiscal y e a r . 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 No. D e l i v e r e d t o t h e C o m p t r o l l e r of the Currency. R e t u r n e d to b a n k s of issue. F o r d e s t r u c t i o n F o r d e s t r u c t i o n and retirement. a n d reissue. $12,590,880 12,543,220 16,676,700 24,166,150 89,893,840 35,055,620 46,946,190 37,659,960 27,124,260 23,472,650 25,620, 660 57,668,715 57,308,520 • $23,275,005.00 27,494,445.00 86,282,385.00 43,394,418.50 50,944,080.00 40,094, 540.00 48,866,375.00 69,014, 687.60 54,858,155.50 . 50,530,827.50 49,006,445.00 71,432,232.50 89,646,745.00 $83,688,889.00 25,829,027.60 16,232,721.00 9,037,651.50 10,929,535.75 13,068, 369.00 11,223,150.00 11,092,355.50 15,990,460.00 16,649,275.50 17,909,798.00 18,626,437.50 20,085,274.50 Deposited in Treasury. $112,206.00 107,547.00 95,113.00 117,788.15 144,322.00 65,341.00 91,894.00 69,019.00 71,155.00 84,926.00 111,699.00 122,883.13 148,477.00 Balance on harid. $4,208,261.45 6,542,271.65 5,282,044. 72 3.858,871.13 6,132,120. 09 4,203,973. 81 9,967,390.65 4,781,248.16 3,790,578.38 8,209,447.84 6,787,132.82 6,080,514.09 9,944,632.95 8 0 . — M O D E OF PAYMENT FOR NOTES REDEEMED AT THE NATIONAL-BANK REDEMPTION AGENCY, BY FISCAL YEA:RS, FROM 1890. Fiscal year. Transfer checks. U n i t e d S t a t e s Silver coin. currency. $80,271,998.55 $24,782.324.05 1890 1891 33,204,177.04 . 21,276,332.60 1892 28,643,402.79 28,221,968.95 1893 32,803,085.28 30,369,565.70 1894. 60,028,086.83 31,883,181.16 1895 40,374,030.32 81,625,706.66 1896 . . . . . . . . 48,774,718. 30 29,331, 636. 61 1897 55,567,032.90 86,525,208.00 1898 42,186,868.86 39,921,232.75 1899 24,730,838.15 49,839,819.20 1900 28,433,009.35 55,877,988.30 1901 65,935,811.50 58,986,976.54 1902 61,870,406.50 74,811,828.26 Credit in general account. $166,861.50 $14,025,166.30 164,807.30 11,582,081.00 128,425.55 11,348,243.08 61,044.20 11,840,885.51 26,647.65 11,387,038.41 61,286.65 13,604,654.93 82,669.45 28,893,499.85 57,208.70 19,084,126.58 83,747.40 13,738,920.92 84,899.50 14,984,970.20 78,301.35 11,380,978.28 41,954.90 21,508,997.10 46,770.80 33,603,045.00 Credit in redemption account. $660,177.80 585,901.76 644,606.75 767,703.87 860, 624.17 690,094.66 808,507.13 1,366,304.33 1,177,595.79 1,016,521.41 456,009.20 669,909.86 716,084.80 Total. $69,856,022.70 66,813,249.70 68, 976,642.07 75,342,284.56 104,185,526.71 86,-355,723.22 107,891,026.34 112,599,879.51 97,103,860.72 90,156,548.46 96,226,281.48 147,143,649.90 171,048,185.36 266 REPORT ON T H E FINANCES. N o . 90.—DEPOSITS,' REDEMPTIONS, ASSESSMENTS FOR EXPENSES, AND TRANSFERS AND REPAYMENTS ON ACCOUNT OF THE F I V E P E R CENT REDEMPTION FUND OF NATIONAL BANKS, BY FISC^VL YEARS, FROM 1890. Deposits. Fiscal year. $36,424,560.95 89,891,264.52 64,440,540.49 67,792,199.90 92,574,209.40 76,530,065.50 91,565,065.77 107,249, 316.44 83,511,779.36 75,885,139.10 78,364,882.88 131,585,726.84 148,687,860.75 1890 1891 1892 1898 1894 1895 1896 1897 1898 1899 1900 1901 902 Assessments. Redeinptions. $35,890,285.00 40,199; 845.00 52,896,015.00 67,61.2, 683.50 90,957,212.50 74,907,472; 50 90, 967,815.00 106,608,977. 50 81,817,265.50 73,982,227.50 74,872,477.50 128,928,835.00 147,010,875.00 $129,207.10 107,719.52 " 99,014.21 100,087.81 104,282.49 107,222.51 100,159.28 114,814.32 125,971.49 130,417.31 121,420.28 122,544.28 153,384.08 Transfers'and repayments. $504,886.92 432,579.69 220,172.90 179,607.56 765,070.86 610,917.34 273,426.83 671,838.92 924,597.79 1,041,481.13 • 1,021,916.07 723,459.79 1,622,486.52 Balance. $5,820,816.88 4,471,937.19 5,697,275.57 5,597,247.10 6,344,890.65 7,849,848.80 7,573,009.46 7,426,695.16 8,070,639.74 8,801, 652.90 11,140,721. 93 12,901, 609.70 12,802,774.90 N o . 9 1 . — D E P O S I T S , REDEMPTIONS, AND TRANSFERS AND REPAYMENTS, ON ACCOUNT OF NATIONAL BANKS FAILED, IN LIQUIDATION, AND REDUCING CIRCULATION, BY FISCAL YEARS, FROM 1890. and Redemptions. Transfers repayments. Fiscal year. 1890 1891 1892 1898 1894 1895 1896 1897 1898 1899 1900 1901 1902 Balance. FAILED. : : • $126, 410.00 410, 815.00 306, 310.50 857, 409.50 1,607, 768.00 274, 293.50 613, 180.50 1,510, 952.50 563, 831.00 908, 422.00 1,275,002.00 266, 171. 00 616.00 • , 704, $284,455.50 859,278.50 328,776.50 580,400.00 1,172,401.00 754,044.00 786,163.50 938,538.00 699,340.00 548, 111. 50 687,831.50 681,552.00 730,305.00 25,020.00 1,810.00 450. 00 56,230.00 6,352.00 30.00 88L00 $762, 248.50 8I3; 780.00 754, 384.00 1,03i; 893.50 1,466, 760. 50 987, 010.00 789, 007. 00 1,359, 611. 50 1,223, 652.50 1,527, 733.00 2,108, 551.50 1,693, 140.50 I,667,070.50 1,306,313.00 1, 682,870.00 1,864,448.50 1,435, 160.50 3,065,486.50 2,596,457.50 1,858,255.00 2,174,129.50 8,896,559.50 4,669,753.00 2,601, 184.00 2,529,815.00 7, 609,494.50 11,827, 772.00 8,830, 876.00 6,212, 259.50 4,670, 673.00 3,871, 680.25 3,225, 443.00 2,868, 828.50 2,808, 411.50 2,502, 099.00 8,088, 015.00 3,207, 666.00 8,341, 847.50 4,455, 127.00 9,740.00 600.00 66,485.50 29,055.00 43,585.50 38,973.50 73,038.00 82,690.00 13,066. 00 39,674.50 65,202.00 13,775.00 28,121.60 33,211, 813.25 26,562, 207.25 21,647, 900.75 18,383, 343. 25 17,588, 614.00 16,870, 655.00 15,782, 043.50 15,065, 071.50 15", 946;466.00 17,488, 529.50 16,716, 845.50 15,891, 038.00 19,017, 284.00 • 10,217, 387.00 8,049,130.00 1,489,448.00 826, 929.50 12,144, 227.50 9,346,995.50 3,659,307.00 12,324, 430.00 18,800, 530.00 18,121, 441.00. 14,626, 4.60.00 10,861, 289.00 25,232,209.50 22,021, 661.50 16,638, 878.00 9,691, 685.00 3,786, 678.50 5,885, 454.50 9,088, 882.00 7,568, 158.00 7,345,406.00 12,789, 021.00 18.013, 149.00 14.014, 295.50 14,603, 038.00 14,899, 842.50 438,258.00 418,655.00 78,958.-50 • 152,864. 50 136,163.00 127,600. 50 62,001.00 476,042.00 722,484.50 1,630, 201.50 1,090,802.00 -760, 601.50 764,883.00 21,646, 803.00 12,642, 405.00 4,361, 214.50 1,248, 701.00 7,871,811.00 7,501,824.00 3,580, 972.00 8,033,954.00 13,328,028.50 16,801, 119.00 16,322, 481.50 11,820, 181.00 21,387,615.00 11,650, no. 00 10,142, 315.00 3,160, 207.00 3,119,"499.50 16,817,482.00 12,217,746.50 6,125,742.50 16,009,512.00 22,760,920.50 23,699,616.00 18,402,646.00 13,657,275.00 83,546, 320.00 83,633, '.00 25, 329,027.50 16,232, 721.00 9,037, 651.50 10,929, 585.75 13,068, 869.00 11,223, 150.00 11,092, 355.60 15,990, 460.00 16, 649,275.50 17,909, 793.00 18,626, 437.60 20,086, 274.50 447,998.00 414,255.00 182,869.00 181,919.50 179,698.50 161,574.00 160,059.00 560,542.00 785,950.50 1,726,106.00 1,162,356.00 '774,406.50 798,885.50 55,619, 859.75 40,018,392.25 26,768, 509.25 20,663,437.75 26,871, 685.50 25,359, 489.00 20,102, 022.50 24,468, 637.00 30,493, 147.00 36,817, 381.50 85,147, 878.50 29,404, 309.60 42,071, 969.50 6,980.00 IN LIQUIDATION. 1890 1891 1892 1893 1894 1896 1896 1897 1898 1899 1900 1901 1902 REDUCING CIRCULATION, 1890 1891 , 1892 1893 , 1894 1895. , 1896 : , 1897-. 1898 1899 1900. -..: 1901 , 1902 , AGGREGATE. 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 , 267 TREASURER. N o . 9 2 . - -ExPENSEs Fiscal year. 1890 1'891 . . . 1892... 1893 1894 1896 1896 1897 1898 1899 1900 1901 1902........... INCURRED IN T H E REDEMPTION OP N A T I O N A L - B A N K NOTES, BY FISCAL YEARS, FROM 1890. C h a r g e s for transportation. $19,862.65 18,536.54 19,306.54 23,231.70 24,271.41 21,036.82 82,518.93 4^1,518.50 34,837.98 30,725.56 31,767.38 66,549.75 59,957.96 Salaries. Stationery, printing, a n d binding. $83,841.80 78, £89.85 77,181.18 77,84.0.12 77,790.01 76,4n.9r 77,766.54 77,977.62 87,188.64 87,161.01 86,986. 80 87,056.10 87,425.25 • 1 Contingent j expenses. ! $8,157.58 1,671.00 3,553.64 1,700.21 4,227.71 2,173;41 2,825.97 2,515.92 3,387.11 1,966.34 3,561.94 2,859.25 4,621.51 $981.91 169.13 603.49 260.98 1,166.01 781.59 974.19 49.691,016.67 1,438.49 669.19 771.08. 1,791.61 R a t e of expense per $1,000. rp^. ^ -^^^^^• $107,843.89 99,366.52 100,593.70108,032.96 107,445.14 100,352.79 114,085.63 125,061. 73 125,924.35 121,291.40 122,984.76 146,236.18 168,796.33 $1.5616. I.52757 1.46839 . 1.85518 1.06599 1.15 1.125 1.0701 1.29646 1.84611 1.83558 .9956 . 92444 N o . 9 3 . — G E N E R A L CASH ACCOUNT OP THE NATIONAL-BANK REDEMPTION AGENCY FOR THE F I S C A L Y E A R 1902 A N D F R O M J U L Y 1, 1874. For fiscal year. From July 1,1874, DR. Balance from previous year National-bank notes received for redemption : "Overs" $6,080,514.09 171.869,258.10 7,269.23 $3,262,061,571. 99 376,815.87 177,957,041,42 1,262,438,887.86 57,803,520.00 109,732,019.50 148,477.00 456,978.36 174.62 1,754.00 6,980.40 6,999.40 356,505.20 9,944,632.95 1,186,320,866.00 1,918,209,906.10 134,706,325.68 17,267,738.86 84,789.43 82,497.60 127,867.97 887,758.57. 856,505.20 9,944,682. 95 177,957,041.42 1,262,438, 387.86 CR. National-bank notes forwarded to banks of issue National-bank notes delivered to Comptroller of the Currency. Moneys deposited in Treasury Packages referred and moneys returned Express charges deducted • Counterfeit notes returned Uncurrent notes returned or discounted "Shorts" Packages with unbroken seals Cash balance June 30,1902 Total 268 No. REPORT ON T H E F I N A N C E S . 9 4 . — A S S E T S AND LIABILITIES OP THE F I V E PER CENT REDEMPTION F U N D OP NATIONAL BANKS AT THE ENP OF EACH MONTH, PROM JANUARY,. 1890. Assets. Month. 1890—January . . . February.. March April May June July August September. October November. December . 18.91—January . . . February.. March . April . May June July August September., October . . . , November., December., 1892—January February.., Mil rch , April , May , June , July August September., October . . . , November., December., 1893—January Febru a;ry.., March April May June July August September.. October . . . . November.. December .. 1894—January February... March April ; May June July August September.. October November.. December . . 1895—January . . : . February . . . March April May June July August September.. October November.. December . . 1896—January February... March April May June Liabilities. On deposit Nationalin bank notes Expenses paid, Treasury. on hand. $1,052,718 1,703,932 1,644,734 1,166,690 1,173,931 938, 907 . ' 625,287 763,746 1,894,510 2,028,288 2,118,241 171,049 1,690,598 1,651,728 78,716 • 655,846 1,178,753 877,847 1,956,080 1,621,397 481, a75 623, 918 10, i 883,217 2,069,709 802, 224 300,926 1,948,881 8,158,476 4,327,277 511,390 523,879 2,487,080 2,467,286 2,622,309 2,678,835 3,294,B62 2,593,619 616, 591 2,248,754 2,864,740 2,653, 891 2,789,458 8, 214,277 2,188, 940 1,001,502 2,025,271 1,949,265 1,787,810 721,140 1,274,249 699,146 $6,029,508 4,197,153 8,884,208 3,806,884 4,128,493 4,203,262 4,713,320 4,985,522 4,605,712 8,549,663 8,285,887 8,277,840 6,181,625 4,845, 746 8,302,465 3,953, 555 5,003,448 5,542,271 5,801,651 6,649,700 5,689,043 6,595,200 4, a73,987 4,550,533 5,883,636 4,687.590 8,'802,554 4,292,481 4,952, 287 6,232,044 5,786.149 6,503; 472 7,526,222 6,968,821 5,695,211 5,899,697 7,593, 744 5,487,804 8,692,528 4, 945,410 5,119,181 3,858,371 8,512,581 2,991, 630 7, 561,305 11,258,385 12,684, 770 12,112,475 14,288, 804 12,469,240 10,565,388 8,486,696 7,089,222 6.182.120 4,548,448 5,296,81.4 4,867,050 4,816,021 8,955,821 4,556,187 6,105,143 6.004.609 4,103,436 4.609.610 4,661,091 4,208,978 5.259.121 7,267,996 6,530,709 6,114,490 6,868,829 6,618,578 9,955,688 7,993,630 6,515,076 7,114,472 9,445, 926 9,967,391 $21,221 21,221 21,221 42,190 42,190 42,190 63,020 68,020 83,841 88,841 107,848 19,789 19, 739 19,739 19,739 39,636 59,212 59,212 78,989 78,989 78,989 99,866 19,171 19,171 19,171 19,171 88,506 38,506 38,506 38,506 77,181 77,131 77,181 200 200 865 865 38,881 38,881 58,447 58,447 58,447 77,840 77,840 19,400 19i 400 19,400 88,810 38,810 58,285 58,285 58,285 77,790 77,790 77,790 107,445 57,578 57,578 57,578 76,412 76,412 76,412 100,358 58,307 58,807 Total. $6,050, 729 5,271,092 5,559,361 • 5,493,768 6,836,273 6,419,383 5,715,247 6,628,779 5,358,299 5,528,014 5,421,468 5,396,081 6,201,364 5,036,534 6,012,802 5,525,022 5,042,984 5,601,483 5,860,863 6,728,689 5,746,748 6,674,189 • 5,429,199 6,729,286 6,852,807 5,584,108 5, 777,805 5,933,049 5,472,468 5,894,463 5,824,655 6,541,978 7,603,853 7,045, 952 5,772,342 5,910,088 7,593,944 5,821,221 6,762,602 5,747,999 5,458, 988 5,846,188 6,729,504 7,377,354 8,131,142 11,886,175 12,712,610 12,131,875 14,308,204 12,488,640 10,604,198 8.475.606 7.147.607 6,714,284 7,093,813 7,841,840 7,467,149 7,567,646 7,357,428 7,149,806 6,721,734 7,253,868 6,968,176 .7,268,501 7,508,122 7,475,828 7,605,639 8,336,910 7,632,392 8,140,167 7,746,992 7,339,713 9,955, 683 7,998,630 7,789,325 7,813,618 9,504,283 10,025,698 To national To Trea.sury. banks. $5,051,510 $866,115 6,135, 718 5,459,870 5,422,628 5,245, 967 6,320,317 6,653,702 6.543,974 b, 244,089 6,479,044 6,872,208 5,328, 687 4,724,849 1,276,439 4,874,565 4,887,172 5,432,273 392,139 4,497, 975 868,974 4,471,987 666,608 5,080, 539 743,198 5,847,401 5, 610,854 21,172 5,527,753 5,189,961 6,527,105 385,890 5,221,208 5,376,084 5,604,158 5,824,178 5,311,106 5,697, 275 6,569,987 21,756 6,132,418 232,704 5,983,649 1,446,572 5,910,346 925,430 5,440,473 48,729 6,586,966 4,956,774 2,124,585 5,551,109 5,470, 555 5,4.36,356 5,076, 930 5,597,247 6,549,612 7,121, 748 7,865,336 6,978,021 4,452,854 6,492,488 6,437,668 5,456.4.64 6,234,858 6,689, 628 8,192,701 6,152, 872 6,000.861 6,401,088 8,836; 135 6,194,788 1,854,885 350,816 6,373,428 6,344,890 6,774,128 7,671,862 7,250,860 7,424, 640 7,186,644 7,072,499 6,596,132 7,176,074 6,853,373 7,182,388 7,390, 592 7,849,844 7,861,287 8,208,122 7,625, 303 8,017,476 7,598,512 7,168,1.86 6,472,790 3,132,890 7,027, 642 737,114 7,674,057 7,624, 680 7,772, 917 1,535,054 7,573,009 2,171,185 269 TREASURER. No. 9 4 . — A S S E T S AND LIABILITIES OF THE F I V E PER CENT REDEMPTION NATIONAL BANKS, ETC.—Continued. FUND OF Liabilities. Month. 1896—July August September. October November. December . 1897—January February.. March April , June July August..... September.. October November.. December.. 1898—January February... March April May June July August September.. October November.. December . . 1899—January February... . March April May June July August September.. October November.. December . . 1900—January February... March April ... May June July August September.. October November.. December . . 1901—January February... March April May.'. June July August September . October November.. December . . 1902—January February... March April May June -•.. July August September.. October On deposit , National in bank notes] Expenses! paid. Treasury. on hand. 613, m 13 876, 12 519, 12 586, 12 515, 13 785, 16 906, 14 768, 11 074, 8 292, 6 717, 4 781, 6 344, 4 193, 8 550, 4 553, 4 396, 4 767, 5 866, 3 185, 2 573, 2 562, 2 902, 8 790, 4 219, 3 854, 8 899, 4 238, 4 356, 4 768, 6 358, 3 536, 2 688, 3 535, 8 785, 3 209, 8 825, 8 859, 3 201, 3 538, 3 649, 8 962, 5 962, 8 697, 3 472, 4 810, 5 898, 6 787, 7 770, 8 882, 8 1S8, 5 702, 4 726, 6 886, 11 076, 8 998, 7 858, 5 787, 6 096, 6 080, 6 758, 8 890, 8 618, 7 292 7 179, 8 416 12 001, 10 524 8 668 8 527, 8 294 9 944 12 489 14 274 14 237 1,^561,008 12 711 Total, $58,807 $11,671,655 58,307 18,485,197 77,767 12,597,695 77, 767 12,664,725 114,086 12,629,382 19,269 18.754,614 19,269 16', 925,405 38,818 14,807,275 88,818 11,112,966 58,398 8,851,368 58,898 7, 659,176 58,398 7,648,296 58,398 8,281,641 77,978 8,135,214 77,978 8,739,348 126,062 8,734:,882 146,686 8,149,885 21,678 7,934,258 21,678 7,175,191 43,874 7,824;,492 43,374 8,127,121 65,279 8,582.,540 65,279 8,587,222 65,279 8,123,005 65,279 7,895),823 65,279 8,487,875 87,183 8,593,287 125,924 8,860,144 125,924 9,010,885 9,147,864 8,426,630 8,870,776 48,474 9,209,904 48,474 9,1485,652 . 48,474 8,921,874 65,104 8,837,261 65,104 8,849,420 87,161 9,368,383 121,291 8,810,984 121,291 9,176),585 121,291 9,255,117 21,678 9,149,347 21, 673 8,291,908 43,559 8,658,972 43,559 10,264,764 43,569 10,414,186 65,212 10,622,005 66,212 11,421,840 65,212 11,970,194 65,212 12,820),800 122,985 12,124,805 122,985 12,866,695 122,985 12,650,219 144,390 13,620),418 21,406 12,375,337 43,187 12,8835,01.8 43,187 18,2385,894 43,187 13,653;,424 48,187 18,2135,626 65,094 13,010),175 65,094 18,481, 659 65,094 14,212J, 486 146,236 13,757^768 146,236 13,692J, 997 168,167 14,6385,014 168,167 14,036), 825 21,931 125,8I3; - 5,389 ~ 21,931 12', 43,611 1,042, 5,911 12, 5,264,347 43,611 121,0885,041 43,611 12i,241,091 48,611 }, 978 5,983 43,611 12, -. 5,142 48,611 13,528, 87,425 1.4t,862i,282 >,074 87,425 14[, 825 L4265,647 153,796 14; T o national On other To Treasury. accounts. banks. $,.412,349 $ 8,891,426 8, 8,957,215 8, 8,477,211 8, 8,229,757 8, 8,243,966 8, 7,662,497 7, 8,317,951 8, 7,847,745 7, 7,488,770 7, 7,355,400 7, 7,426, 695 7, 8,138,040 8, 8,016,001 8, 8,665,921 8, 8,664,277 8, 8,074,901 8, 7,843,105 7, 6,994,880 6 , 7,734,424 7, 8,090,619 8 , 8,549,004 8, 8.546,564 8 . 8,070,640 8, 7,888,028 7, 8,416,133 8, 8,530,365 8, 8,775, 345 8, 8.942,305 8, 9;065,873 9 , 8,306,608 8, 8,812,458 8, 9,162,695 9 , 9,120,850 9 , 8,885,354 8, 8,801,668 8, 8,814, 679 8, 9,331,950 9 , 8,761,030 8, 9,133,600 9, 9,220,837 9 , 9,104,737 9 , 8,153,722 8, 8,660,375 8, 0,211,818 10, 0,802,937 10, 0,338,869 10, 1,140,722 1,760,955 2,687,692 12, 1,911,446 2,726,198 12, 2,563,009 12, 8,541,810 18, 2,180,108 12, 2,712,328 12, 3,090,649 13, 3,546,058 18, 8,112,575 13, 2,901,610 12, 8,367,026 18, 8,957,678 13, 3,631,969 13, 3,535,862 13, 4,507,915 14, 3,918,926 13, 2, no, 404 12, 1,668,764 11, 2,021,312 12, 1,829,169 1,997,864 11, 2,802,774 12, 3,880,241 13. 8,939,359 18, 2,358,535 12, 4,261,718 14, $8,976,873 4,828,287 3,532,559 4,008,115 4,240,025 5,327,681 8,919,868 6, 824,446 3,019,068 586,258 n, n, n, n, 806,656 1,730,143 $282,488 215,484 107,921 184,399 159,550 183,067 343,040 164,878 246,158 276,340 303,776 216,601 148,501 119,213 78,427 70,555 74.984 91,153 180.861 90,068 36,602 38,536 40,658 . 62,365 57,795 71,242 62,922 84,799 68,580 81,991 120,022 58,318 „ 57,209 28,302 36,520 85,608 34,741 26,383 49,904 42.985 34,280 44,610 138,186 98,597 52,946 111,249 288,136 281,118 209,239 133,108 213,359 140,497 87,210 78,608 195,229 • 170,690 148,345 107, 366 101,051 108,566 114,533 254,808 125,799 167,136 180,099 122,899 202,985 379,147 243,085 258,.872 243,287 176,209 142,901 116,218 236,396 174,829 270 No. REPORT ON T H E F I N A N C E S . 9 5 . — N A T I O N A L - B A N K NOTES OUTSTANDING AT T H E E N D O F EACH M O N T H , A N D M O N T H L Y R E D E M P T I O N S , F R O M J A N U A R Y , 1890. Month. 1890—January... February.. March April May June.. July....-.-. August September, October November, December, 1891—January.. February. March April , May , June July August . . . September, October . . . November, December, 1892—January.. February. March. April May June...... July August September October... November ^ December 1893—January . . February. March April May June July August September. October... November. December, 1894—January.. February. March April May June , July ., August — September, October..., November, December. 1.895—January . . , February., March April , May , June July August September. October November. December . 1896—January . . , February.. March April May Outstanding. Redemptions. $194,447,219 $8,266,222 6,001,438 192,000,468 190,274,602 5,278, 366 5,445,498 189,264,900 6,417,309 . 187,361,623 6,164,976 186,748,590 5,693,419 184,253,868 4,799,416 188,184,763 4,256,904 181,602,916 4,281,206 179,610,488 4,8!27,087 178,329,011 4,711,836 177,088,171 9,448,920 176,303,549 4,953,637 178,423,024 6,115,459 171,586,064 5,048,370 170,227,646 7,262,701 168,860,839 167,577,214 7,566, 764 6,368,617 168,166,989 171,184,309 4,981,988 4,710,879 171,785,146 172,184,558 5,188,589 5,013,820 172,993,607 5,909,884 178,078,586 7,788,484 178,205,496 6,066,177 172,621,875 5,276,655 172,629,451 5,639,755. 172,476,575 172,499,849 . 6,357,399 172,688,850 6,328,849 6,191,046 172,527,718 6,362,812 172,656,429 5,296,038 172,786,760 6,218,960 172,432,146 6,471,649' 178,614,870 6,969,662 174,404,424 174,391,268 9,781,986 5,864,411 175,422,388 5,524,568 176,094,544 6,991,571 176,856,614 8,160,482 177,164,264 5,082,089 178,718,872 3,877,423 183,755,147 2, 699,855 198,980,868 7,275,730 208,690,579 12,505,692 209,811,998 18,774,976 208,948,105 9,839,329 208,538,844 13,176, 204 207,862,107 7,422,351 207,479,520 8,118,107 207,875,695 207,838,082 8,860,025 . 8,959,118 207,245,019 9,822,088 207,-853,244 6,684,645 207,589,066 207,592,215 6,599,917 6,880, 628 207,564.458 6,663,770 207,565,090 6,182,207 206,686,837 7,494,569 206,605,710 205,297,571 10,376,851 6,946,846 205,048,651 207,541,211 7,165,011 8,182,445 209,719,850 8,700,786 211,478,716 7,482,008 211,691,035 8,832,851 211,372,046 7,027,790 212,389,200 5,702,340 212,861,984 7,252,879 213,887-, 630 7,760, 398 213,960,598 9,685,659 213,716,973 13,974,586 218,496,547 8,316,189 217,181,917 7,894,397 221,816,027 9,227,381 224,189,887 11,801,075 225,287,935 Month. 1896—June July August September, October... November, December 1897—January . . February., March April , May , June July August September, October . . , November, December, 1898—January., February., March April , May June , July August September October . . November December, 1899—January.. February. March April May June July August September October . . November December. 1900—January . . February. March...., April May June July August September October . . November, December, 1901—January.. February. March April , May June July August September October ... November, December 1902—January . . February. March April May , Jurie , July August..., September October . . Outstanding. Redemptions. $226,,000,547 $11,296, 226,,080,042 12,051, 229,,618,896 7,888, 6,887, 233,,639,367 234,,984,444 7,773, 235,,398,890 9,851, 235,,668,118 12,583, 285,,094,662 13,765, 234;:, 286,327 7,243, 233,,795,141 7,344, 232,,887,984 8,573, 231 ,875,841 10,722, 231 ,441,686 10,948, 230;,844,266 10,381, 230,,593,674 7,235, 280,,278,970 6,648, 280,, 182,275 7,987, 229,,684,217 8,318, 229;, 014,641 10,395, 226;, 529,216 12,404, 224,,881,072 7,888, 6,724, 224,,481,879 6,441, 226 ,113,751 227 ,696,870 6,645, ,227;, 900,177 8,600, 226,,780,065 9,387, 227,,261,650 7,404, ), 439,985 285, 6,260, 289,,629,186 7,562, 242,,784,803 8,187, 243,,817,870 9,350, 243;,824,226 10,531, 242, ',986,082 6,480, 243;,184,892 6,718, 242; 1,796,708 6,856, 242; 1,146,789 7,289, 241 ,350,871 6,858, 241,,624,053 6,164, 242, ., 158,897 5,592, 243, 5,872,228 6,844, 6,217, .248,5,066,624 6,245, 243;5,842,068 ), 277,223 7,276, 246; 12,196, 247;,068,748 7,867, 249,), 516,228 , 271,,034,337 7,138, , 285, ), 859,866 8,858, 300;), 569,758 • 12,054, 809,), 640,443 18,043, 320,), 095,891 18,665, 13,072, 324,,304,325 828,,416,428 8,677, ' 881., 698,412 8,443, 9,567, 332;1,292,300 340;), 141,174 10,511, 19,482, 346;,821,871 348,5,655,255 12,799, • 850;,101,406 12,358, 850;), 764,267 11,305, 351,., 682,690 14,188, 353;,742,187 18,415, 356,), 152,903 18,378, 357;,419,155 14,336, 368,5,880,648 8,792, 859,), 911,683 11,884, 359,), 720,711 11,087, 360,,289,726 18,851, ), 444,615 20,868, ,434,867 14,999, 867,,476,407 14,610, 356,), 987,399 15,450, 856;,747,184 17,248, 856,), 672,091 16,869, 858;5,984,184 15,834, 361 ,282,691 18,218, 366;), 993,598 11,242, 3.8O;), 476,384 12,483, 271 TREASUREK. N o . 9 6 . — A V E R A G E AMOUNTS OF NATIONAL-BANK NOTES REDEEMABLE AND AMOUNTS REDEEMED, BY FISCAL YEARS FROM 1890. Out of deposits for retirement. Out of 6 per cent fund. Fiscal year. 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 No. :.. Average redeemable. Average redeemable. Redeemed. . $67,054,169 49,798,004 82,551,886 23,707 ,'976 23,805,158 27,720,318 22,604,148 21,518,208 29,679,023 • 32,023,249 86,424,466 81,258,712 35,966,721 $38,688,889 $129,194,840 25,329,027 • 126,118, 369 16,282,721 189,561,426 9,087,651 151,047,880 10,929,586 181,517,646 18,068, 369 180,140,091 11,223,150 194,529,242 11,092,355 211,375,241 15,990,460 198,491,851 16, 649,275 207,264,424 17,909,798 223,869,280 18, ^6,437 308,625, 545 20,085,275 322,207,220 Redeemed, fit for use. $12,590,880 12,543,220 16,676, 700 24,166,150 39,893,840 85,055,620 46,946,190 37,659,960 27,124,260 23,472,650 25,620,660 57,668, 716 57,803,520 Redeemed, unfit for use. $23,275,006 27,494,445 86,282,836 48,894,418 60,944,080 40,094,540 43,866,876 69,014,688 54,858,156 50,580,828 49,006,446 71,432,282 89,646,745 Total redeemed. $36,866,885 40,037,665 52,969,085 67,660,668 90,887,920 75,160,160 90,812,565 106,674,648 81,982,416 74,003,478 74,627,105 129,100,947 146,950,266 9T.—PERCENTAGE OF OUTSTANDING NATIONAL-BANK NOTES REDEEMED ASSORTED EACH FISCAL Y E A R FROM 1892, BY GEOGRAPHICAL DIVISIONS. Division. Maine New Hampshire Vermont Massachusetts Rhodelsland Connecticut 1893. 37.64 44.99 48.22 41.95 48.95 41.17 4L24 61.04 51.65 49.55 46.87 48.97 46.05 68.80 66.08 53.08 49. 94 55.04 38.47 45.40 48.71 46.89 43.91 53.57 43.01 47.95 52.81 52.28 48.77 58.30 49.18 52.64 61.48 58.76 60.54 61.17 1898. 1899. 1900. 48.48 61.71 66.20 56.87 54.61 52.88 40.85 48.41 46.81 48.31 49.07 48.22 88.53 89.77 40.05 45.47 43.84 48.54 55.23 58.00 53.87 60.94 54.51 56.96 51.55 53.43 53.82 61.78 66.95 61.95 New England. 42.77 48.58 62.51 46.20 50.95 58.24 54.80 47.28 43.55 58.87 59.03 New York New Jersey Pennsylvania Delaware Maryland D i s t r i c t of C o l u m b i a 47.70 47.87 40.65 44.32 48.68 77.52 54.71 53.02 46.09 49.72 50.84 61.25 57.60 58.48 48.70 54.18 46.56 69.90 52.69 60.20 45.19 47.84 44.00 60.05 55.40 64.20 60.71 51.19 56.26 66.98 59.50 75.52 57.59 54.66 52.08 63.04 50.25 59.88 43.14 46.50 46.88 53.78 47.85 55.65 41.69 44.08 50.76 48.79 45.76 51.11 89.59 41.04 49.87 60.12 59.50 68.68 42.62 42.75 61.44 67.31 64.84 70.48 46.39 46.78 70.77 64.90 Eastern 47.1 46.12 43.99 53.73 45.59 51.12 54.08 49.95 64.44 59.38 Virginia "West V i r g i n i a North. Carolina South Carolina Georgia Florida Alabama Mississippi L o u i s i a n a ..T e x a s ..Arkansas Kentucky Tennessee 48.00 33.44 40.15 53.95 5L34 36.45 58.53 42.94 36.84 35.38 35.51 35.47 42.17 54.74 85.08 45.02 67.16 51.76 42.75 54.87 47.46 4L57 36.88 88.09 38.68 48.06 61.20 37.49 4.6.40 66.17 45.02 40.66 52.18 45.64 37.12 45.02 35.90 38.99 45.80 40.64 86.13 35.84 46.06 89.87 38.02 88.98 32.75 26.65 36.24 35.56 28.90 38.02 48.46 36.14 36.69 61.82 42.88 40.86 52.98 37.95 48.81 41.67 58.23 88.75 48.52 44.74 38.64 39.71 52.69 39.99 49.86 45.91 40.68 31.62 34.23 84.48 31.69 37.88 Southern 89.95 41.49 48.82 34.88 42.70 37.07 29.36 26.91 28.60 86.34 ;.17 36.66 30.62 29.04 31.04 29.59 81.05 80.65 27.31 36.68 29.95 31.06 55. 62 31.85 31.38 82.20 80.28 40.19 85.90 36.64 48.08 89.12 38.86 38.74 37.46 83.18 27.68 8L16 35.51 38.92 30.83 31.78 30.58 42.98 31.29 89.57 37.12 84.02 32. 32 86.58 42. 00 32.69 80.66 31.62 83.92 3L24 82.27 82.65 30.95 27.88 24.59 25.91 29.36 27.41 27.41 28.24 28.11 25.06 21.66 21.45 25.86 22.69 22.16 22.49 19.36 22.70 21.81 22.12 28.98 2L18 24.12 2L10 20.15 27.62 24.41 26..93 27.71 24.98 25.25 24.40 24.98 81.61 26.29 32.84 27.66 27.04 26.45 27.90 41.18 31.67 35.08 39.01 82.08 ;.65 82.18 26.75 23.02 22.05 26.25 32.00 88.05 80.28 30.60 80.67 28.61 34.17 33.60 35.69 82.28 34.80 38.12 84.85 31.99 39.47 39.11 37.76 41.03 43.10 47.54 39.76 40.33 53.26 41.94 48,44 86.01 37.06 85.08 31.58 32.83 89.93 34.01 37.58 88.58 35.56 84.40 33.56 32.00 89.56 36.87 38.05 34.49 38.70 37.76 88.25 31.97 40.26 88.51 37.16 29.26 31.84 8L08 28.28 27.55 86.91 29'. 88 33.16 25.22 29.88 25. 67 25.12 25.10 32.90 23.56 27.86 24.59 25.42 23.26 22.17 25.56 22.95 23.66 26.12 23.37 28.30 24.64 22.42 30.64 25.07 22.19 29.80 26.34 28.63 31.76 29.63 27.80 29.41 32.32 32.41 Ohio Indiana Illinois Michigan Wisconsin Minnesota Iowa Missouri Middle. North Dakota South Dakota Nebraska Kansas Montana Wyoming Colorado ., New Mexico.,.'—. 58.43 46.29 86.67 51.22 52.18 41.08 47.29 42.01 34.47 41.00 86.01 88.57 3L60 84.10 272 No. REPORT ON T H E F I N A N C E S . 9 7 . — P E R C E N T A G E OP OUTSANDING NATIONAL-BANK NOTES REDEEMED AND ASSORTED EACH FISCAL Y E A R FROM 1892, ETC.—Continued. 1892. 1893. 1894. 1895. 1896. 1897. 1898. 1899. 1900. 1901. 22.50 21.05 26.10 24.82- 86.46 42.29 82.68 84.71 45.18 29.80 46.55 29.46 43.08 22.03 84.11 20.65 20.88 21.41 17.46 30.38 28.70- 88.41 Western 3L19 34.61 48.19 88.95 34. 61 35.12 29.81 25.47 28. 88 24.04 30.62 Washington Oregon California . . Idaho Utah Nevada Arizona Alaska Hawaii 29.88 86.21 39.17 26.91 26.30 54.61 43.14 38.76 37.12 89.64 82.46 4L04 56.84 88.35 44. 53 47.82 50.20 46.96 89.68 61.94 48.21 84.46 86.11 36.80 35.17 15.40 66.58 35.85 37.90 54.61 45.98 34.76 20.29 60.28 39. 69 40.25 78.28 6L38 86.04 20.00 63.56 81.20 30.84 37.26 89.68 81. 92 16.29 51.85 32.79 29.38 29.36 28.22 3L26 16.20 52.87 28.73 6.33 27.87 29.56 45.30 80.48 21.70 82.91 28.17 25.60 30.68 38.45 32.24 28.02 2L66 33.73 82.21 16.00 12.58 83.92 35.24 37.85 29.21 29.67 37.48 37.85 12.00 54.56 32.28 Division. Oklahoma I n d i a n Territory No. Pacific 38.93 37.28 46. 68 40.34 48.41 33.18 27.12 34.90 30.54 85.64 UnitedStates.... 40.19 44.54 48.87 • 42. 49 47.85 50.28 42.51 37.88 85.85 43.44 46.82 98.—^iVVERAGE A M O U N T O F N A T I O N A L - B A N K N O T E S O U T S T A N D I N G , REDEMPTIONS BY FISCAL YEARS, FROM 1875. Year. 1876 1876 1877 1878'. 1879 1880 1881 1882 1888 1884 1885 1886 1887 1888 1902. Average outstanding. $854,238,291 344,483,798 821,828,139 320,625,047 824,244,285 339,630,923 846,814,471 859,736,050 859,868,524 347,746,368 327,022,288 314,815,970 293,742,052 265,622,692 Redemptions. Year. Amount. Per cent. $1.55; 521,000 209,089,000 242, 885,000 218,152,000 157,657,000 61,586,000 69,650,000 76,089,000 102,700,000 126,152,000 150,209,000 130,296,000 87,690,000 99,152,000 43.90 60.68 75.47 66.48 48.62 18.13 17.22 21.15 28.58 36.27 45.98 4L88 29.85 37.82 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 Average outstanding. $280,648,247 196,248,499 175,911,878 172,118,311 174,755,355 205,322,804 207,860,409 217,138,890 232,888,449 228,170,874 239,287,678 260,298,746 339,884,257 358,173,941 AND T H E Redemptions. Amount. Per cent. $88,982,000 70,257,000 67,461,©00 69,625,000 75,845,000 105,381,000 86,709,000 108,261,000 118,674,000 97,112,000 90,888,000 96,982,000 147,487,000 171,869,000 38.55 35.80 38.34 40.45 43.40 51.30 41.71 49.85 48.76 42.56 37.96 87.25 43.89 47.98 N o . 9 9 . — P E R C E N T A G E OF NATIONAL-BANK NOTES RECEIVED FOR REDEMPTION FROM THE PRINCIPAL CITIES AND OTHER PLACES, BY MONTHS, FROM JANUARY, 1890. Month. 1890—January... February.. March April May June July August September. October . . . November. December. 1891—January... February.. March April May June July August September. October November. December. 1892—January,,. New York. 48.94 41.27 37.89 40. 68 44. 96 45. 99 40. 72 36.25 38.35 82.82 36.17 35.49 56.17 46.40 39.47 42.45 55.19 56.69 49.51 41.78 41.91 37.93 38.70 42.75 49.77 Phila- BaltiBoston delphia, more. 17.83 9.64 9.06 7.20 7.51 7.59 12.38 11.64 10.95 12.40 13.87 13.-54 11.59 10.82 10.08 8.99 6.34 7.28 10. 71 12.69 12.00 18.17 18.47 14.06 18.48 5.26 6.66 6.92 7.60 5.38 5.89 6.93 7.25 7.52 8.18 7.39 7.28 4.58 5.98 7.51 7.95 5.52 5.17 5.65 7.09 8.30 9.83 6.-80 8.48 5.81 2.68 1.86 1.82 2.53 2.90 8.91 2.83 2.79 2.14 1.68 1.94 2.25 2.87 2.04 1.50 2.38 3.25 2.75 2.56 2.77 2.93 3.58 2.97 3.41 2.18 Chicago. 5.05 7.86 7.85 7.73 9.46 7.84 7.57 7.75 8.34 8.62 8.07 8.41 6.02 6.61 6.86 7.38 5.31 5.80 7.03 7.09 7.43 8.35 8.66 6.07 6.61 CincinSt. nati. Louis. 1.15 1.78 2.22 2.15 1.90 2.09 2.01 2.46 2.99 3.18 2.31 2.80 1.56 2.01 2.27 2.73 L76 L80 L98 2.19 2.85 2.31 3.67 2.60 L95 1.52 2.26 1.89 2.30 1.90 1.56 2.01 2.17 2.21 2.52 2.81 2.14 1.37 1.81 1.89 2.54 1.58 1.41 1.47 1.84 2.23 2.35 2.28 1.70 1.45 New Other Orleans. places. 0.98 L74 L71 2.59 1.96 1.40 1.82 L94 8.15 2.55 1.73 1.58 .59 1.57 L86 L54 1.02 L29 1.40 2.07 2.08 L87 L91 •L07 L18 21. 69 26.98 30.64 27.22 24.03 23.73 ?A. 23 27.75 24.35 28.05 ' 26.21 26.56 16.75 22.86 28.56 24.09 20.08 17.86 19. 69 22.48 20.27 2L1I 21.59 19.91 17.67 273 TREASURER. N o . 9 9 . -PERCENTAGE OF NATIONAL-BANK NOTES RECEIVED FOR REDEMPTION PROM THE PRINCIPAL CITIES AND OTHER PLACES, ETC.—Continued. Phila- BaltiIdelphia, m o r e . New York. 1892—February... March April, May June July.: August September.. October November.December . . 1898—January February . . . March April May June July August . September.. October...:. November.. December.. 1894—January February... March April May June July .August September.. October . . . . November.. December.. 1895-r-J a n u a r y • February . . . March April ... May Jurie • July August . . . . . September.. October November.. December .. 1896—January February... March...... April May June July August September.. October November.. December .. 1897—Janua.ry February... March April : May June July August September.. October November.. December.. 1898—January February... March April , May... June July r August September. . October . . . November. December. FI 1902 45.98 40.51 4L08 46.24 49.82 46.43 44.29 42.17 39.88 41.27 48.69 56.62 51.07 40.03 .58. 29 56.04 42.23 36.93 29.35 54.85 63.78 62.74 61.09 62.20 57.23 60.74 62.70 59.56 64. 78 60.52 61.87 56.87 53.97 54.99 61.99 66.27 58.42 57.98 59.01 61.17 60.68 50.92 54.86 43.88 42.82 48.08 53.23 61.48 56.71 50. 70. 58. 33 61.66 56.49 56.17 48.51 47.17 52.55. 58.40 59.50 60.34 59.20 55.12 62.22 62.35 59.47 58.88 58.15 47-. 68 48.51 49.01 54.76 58.58 57.25 51.68 50.84 50.22 52. 33 53.26 55.50 49.97 49.41 48.95 50.75 18 10.48 9.35 9.88 10.82 8.92 12.07 12.88 15.00 14.45 13.89 14.56 18. 43 11.89 12.21 8.80 10.63 12.99 15.92 9.78 11.75 13.36 15.81 16.18 16.62 16.47 12.04 9.70 13.26 9.09 10.25 11.91 11.98 16.64 13.81 14.32 15.59 10.71 10.28 7.51 10.33 8.84 12.38 13.75 14.52 17.33 18.19 15.59 18. 90 18.48 18.98 10.75 10.17 11. 06 18.41 14.60 15.06 17.88 17.95 16.71 16.60 12.79 11.90 8.19 18.18 13.19 17.31 18.53 21.00 21.44 20.41 19.79 18. 64 13.88 13.09 10.75 12.47 12.87 14.59 12.17 15.78 18.61 19.08 16.77 5.44 8.28 9.10 6.52 7.58 6.90 7.21 6.83 7.90 9.11 6.34 5.66 6.84 7.21 7.25 6.34 9.80 8.58 11.52 8.07 4.65 4.87 5.04 4.40 6.71 6.26 5.58 5.68 5.93 6.67 7.76 8.75 8.37 8.20 6.27 4.91 7.67 6.89 7.44 6.54 7.29 8.33 7.57 8.87 9.37 6.48 6.75 4.89 5.48 7.24 7.20 5.81 8.60 8.28 10.57 10.43 6.78 5.28 6.64 6.41 8.48 8.86 7.21 3.00 2.84 3.65 3.84 2.93 3.04 2.69 2.98 3.20 1.79 1.74 1.55 •2.84 2.09 2.14 2.44 3.56 2.79 2.44 2.03 1.83 1.41 .50 .52 .71 .47 .54 .58 .43 .93 .61 1.12 .99 .88 1.00 .62 1.85 1.14 1.23 1.38 2.04 2.16 1.21 3.02 3.60 2.10 1.81 1.19 1.44 2.23 1.62. 1.46 2.22 1.70 2.30 2.89 1.71 1.12 1.11 .83 1.21 1.42 1.38 LOl 5.84 1.45 7.39 .83 4.97 7.01 1 i.89 9.15 1 1.94 1.84 7.44 2.01 7.06 1.55 5.73. 1. 27 4.90 3.41 5.28 4.22 7.87 2.96 8.21 8.51 8.45 2.72 8.30 1.45 6.58 1.88 8.29 1.90 9.80 1.56 6.12 2.79 8.39 3.82 1 8.85 Chicago. CincinSt. nati. Louis. 7.19 3.91 7.79 j 3.08 7.96 1.88 7.00 8.63 6.67 3.54 7.99 3.05 6.41 2.65 6.57 8.06 7.65 3.76 8.02 3.23 7.00 2.60 4.59 2.26 6.22 2.81 8.82 3.10 6.13 3.00 5.81 3.40 6.37 2. 89 9.07 3.29 11.82 10.49 5.09 7.35 8.19 3.88 8.07 2.05 2.87 .98 3.04 .90 2.60 1.55 3.42 1.39 4. 61 1.44 8.62 1.54 4.32 1.68 '4.14 2.38 8.92 .71 4.87 .95 4.16 1.16 4.89 1.63 8.69 1.67 2.45 1.25 4.98 2.61 6.57 2.75 5.60 3.23 5.78 2.46 5.33 2.50 5.89 2.24 5.76 2.04 6.23 3.96 5.41 3.50 6.75 5.47 5.09 2.39 4.00 • 1.80 4.86 2.01 5.07 8.04 5.57 4:39 4.96 2.62 5.81 8.05 6. 37 2.27 4.84 L85 5.49 1.70 4.50 1.85 4.34 1.75 4.02 1.26 3.83 .73 4.67 .87 5.76 .96 6.1.0 1.0(3 4.30 1.07 4.15 L87 5.32 1.15 4.09 1.20 5.10 1.28 5.40 L31 4.77 2.89 4.63 1.38 4.94 1.34 5.62 .76 5.49 1.23 7.55 1.43 6.92 2.02 5.32 2.19 6.55 2.32 4.65 1.73 6.86 . 1.21 6.84 2.76 6.26 2.87 5.20 L83 1.66 L95 2.14 1.59 1.15 1.72 1.78 1.92 L82 L99 1.06 L07 1.38 1.95 1.74 L25 L49 1.92 2.44 1.79 1.25 .61 .57 .40 .46 .81 2.02 1.55 .83 .73 .64 1.32 .78 1.05 1.17 1.37 2.27 8.91 4.78 1.80 8.02 4.89 3.09 3.58 3.23 2.74 3.45 3.46 2.66 2.66 '4.88 3.41 4.00 2.04 2.48 1.89 1.60 1.22 1.59 1.26 1.56 1.97 2:12 2.41 2.98 1.60 2.02 L96 1.87 •2.38 L48 L53 2.25 1.87 2.19 2.25 . 2.59 2.76 3.10 L68 2.71 1.37 1.83 New Other Orleans. places. . 1.32 1.57 1.28 1.07 1.08 1.16 1.78 .92 1.86 1.17 1.25 • .61 1.07 1.29 .91 .80 L23 1.74 1.52 .33 .47 .57 .21 .84 .46 .44 .38 .20 .09 .32 .21 .25 .28 .08 .24 .27 .84 .75 1.03 .85 .57 1.06 1.32 1.66 1.41 1.25 .70 .52 1.20 1.28 .78 .89 .62 '.75 1.43 .50 .54 .39 .29 .25 .44 .65 .34 .42 .38 .66 .98 .54 .34 .52 .58 .30 .72 .55 .70 .71 .63 .51 .57 .72 .90 .44 .41 21.07 24.68 28.18 19.79 18.41 17.64 20.36 20.60 19.48 19.53 • 16. 76 14.21 16.88 28.80 16.74 13.79 19.44 20.81 20.64 8.74 . 7.69 9.37 12. 66 11.58 14.81 14.43 13.03 14.01 12.85 14.06 12.87 13.94 13.70 14.37 9. 65 7.27 11.65 1.0.28 10.17 9.74 9.73 12.13 10.90 14.28 13.33 13.99 10.99 9.26 • 12.16 13.80 11.48 9.02 8.09 . 9.01 13.42 14.87 13.09 9.60 8.88 9.75 10.78 18.86 11.48 9.94 9.17 9.33 11.13 11. 35 11.85 10.95 10.10 8.50 10.83 14.00 15.37 13.45 13. 05 13.04 12.11 13.08 12:59 10.86 11.64 274 REPORT ON T H E F I N A N C E S . N o . 99.—PERCENTAGE OF NATIONAL-BANK NOTES RECEIVED FOR REDEMPTION FROM Ti-[E PRINCIPAL CITIES AND OTHER PLACES, ETC.—Continued. P h i l a - BaltiNevv Y o r k . Boston. delphia. m o r e . Month. 1899—January . . . February.. March April May June July August September. October . . . November. December. 1900—January . . . February.. March April May June July August September. October ... November. December. 1901—January... February.. March April May June July August September October ... November, December, 1902—January.., February., March April May June -. July August — September, October .., 55.46 55.35 44.65 •48.31 49.41 51.04 50.71 46.01 48.08 47.08 44.93 47. 66 64.12 58.85 52.31 55.27 58.75 60.80 57.04 58.28 49.49 42.48 47. 99 48.38 66.65 52.98 54.44 52.58 57.71 57.15 57.20 52.61 49.41 50.88 49.10 62.38 ' 55.59 48.98 46.53 44.58 50.76 46.88 50.28 47.84 40.84 39.41 17.23 12.56 11.95 10.20 10.30 13.03 12.50 18.87 15. 48 13.47 16.06 14.70 13.63 10.04 11.42 9.81 12. 78 12.07 13.49 16.46 18.11 17.70 16.82 15.82 n.50 11.24 11.08 11.20 11.07 9.67 12. 72 10.86 13.01 12.92 14.44 12. 75 10. 87 11.06 9.69 8.55 8.74 8.78 10.49 10.58 12.29 11.78 6.72 6.28 9.61 10.47 10.45 9.65 9.48 10.78 10.74 10.62 12.02 10.76 6.46 . 7.45 8.86 8.01 7.48 6.78 5.65 6.17 6.62 9.10 7.62 8.53 5.35 4.81 4.70 7.66 6.34 5.24 6.19 5.52 6.60 7.05 7.02 6.56 5.04 5.42 6.39 7.71 6.00 6.77 7.83 7.84 9.22 8.58 2.75 8.64 4.32 2.66 3.09 2.66 2.38 2.90 2.90 2.78 2.46 3.09 L79 2.51 2.37 3.99 8.26 2.45 2.94 2.80 4.83 2.25 4.82 3.4.9 2.42 2.99 3.14 8.89 3.71 3.23 2.86 3.87 3.89 4.17 3.38 3.05 2.64 2.69 3.06 3.60 3.94 3.42 3.02 3.41 3.97 3.20 Chicago. Other CincinSt. New n a t i . Louis. Orleans. places. 4.17 6.71 7.78 6.53 6.68 5.16 6.39 8.26 7.74 5.76 6.71 5.88 8.84 4.82 5.58 4.22 8.55 3.54 8.32 3.70 5. 63 5.60 5.91 4.84 2.73 10.01 5.61 6.13 6.24 6.14 5.26 6.04 7.43 7.44 7.40 7.08 7.11 12.04 9.50 9.06 9.64 9.91 10.00 11.93 n.68 n.94 L16 L82 1.56 L58 2.00 2.17 1.58 .82 1.55 L80 L62 1.03 .67 .98 1.04 1.30 L47 1.46 1.22 .50 1.02 L56 .96 1.65 .74 1.07 .78 L13 L46 1.63 L08 .95 1.54 L82 2.16 L98 1.28 2.42 2.11 • L84 2.88 8.02 2.62 1.70 2.92 2.81 2.81 2.40 2.37 8.24 3.84 2.11 2.78 L76 2.84 2.55 2.20 L99 L19 2.71 8.1.0 8.41 2.08 2.97 2.28 . 2.13 2.37 2.20 L88 2.65 3.22 7.62 7.49 4.85 3.73 7.20 8.49 .11. 22 4.08 8.66 . 3.02 2.96 9.14 7.38 10.62 12.15 7.34 9.51 4.23 3.74 4.09 3.58 .64 .87 L30 .93 .84 L17 .95 .78 .90 .70 .48 .52 .31 1.21 .85 .75 .61 .97 .81 .85 L15 4.83 .89 .69 .44 .74 1.02 1.46 .92 .60 .81 .60 L19 .82 .75.71 .68 1.50 2.26 2.31 L80 2.05 2.03 2.08 2.37 2.08 10.17 12.37 16.46 16.18 13.49 13.02 13.28 14.88 16.27 16.24 18.52 14.87 8.49 n.93 14.47 18.24 10.07 8.96 8.85 9.11 11.28 14.78 18.66 13.95 6.95 8.64 11.73 11.70 9.83 9.14 10.89 8.98 12.86 12.29 12.78 12.58 8.25 8.51 9.84 10.20 9.40 9.71 9.50 10. 93 12.62 16.62 N o . 100.—APPROPRIATIONS MADE FOR THE FORCE EMPLOYED IN THE TREASURER'S OFFICE AND SALARIES PAID DURING THE FISCAL Y E A R 1902. Expendeel. Balance unexpended. $341,779. 75 $336,064.46 $5, 715. 29 71,040.00 70,761.90 278.10 412,819.75 406,826.86 Appropriated. Roll on which paid. Regular roll ^ Reimbursable roll (force employed in redemption of national currency) : Total N o . 1 0 1 . — C H A N G E S DURING THE FISCAL Y E A R 1902 IN THE FORCE EMPLOYED IN THE T R E A S U R E R ' S O F F I C E . Total force June 30, 1901: Regular roll 314 Detailed 22 886 Died \ : : 2 Resigned 10 Transferred from Treasurer's Office 6 Discontinued 7 Detailed from Treasurer's Office 1 26 Appointed 28 Reinstated : 2 Transferred to Treasurer's Office 87 Detailed to Treasurer's Office 11 ^ 128 97 Total force June 30, 1902 : 433 REPORT OF THE DIRECTOR OF THE MINT. TREASURY DEPARTMENT, BUREAU OF THE M I N T , Washington, D . C , NommlerW, 1902. SIR: I have the honor herewith to submit the t^^entj^-ninth annual report of the Director of the Mint, covering the operations of the mints and assay offices of the United States for the fiscal year ending June 80, 1902, with such available statistics for the fiscal year as may be valuable in connection therewith. OPERATIONS, EARNINGS, AND EXPENDITURES. The coinage mints at Philadelphia, New Orleans and San Francisco were in operation throughout the fiscal year. In number of pieces the coinage of the 3^ear has never been exceeded, aggregating 191,419,606, but in value it falls from $136,340,781.58 in the previous year to 194,526,678.12, this being due, of course, to the greater demand for the small denominations. Gold coinage dropped from $99,065,715 to $61,980,572.50, but gold bullion accumulated in the iiiin'ts, increasing the stock on hand from $100,219,493 to $124,083,712. The coinage of silver dollars amounted to $19,402,800, subsidiary silver coins to $10,713,569.45 and minor coins to $2,429,736.17. The coinage of silver dollars during the year was wholly from bullion purchased under the act of July 14,1890. The amount of bullion on hand July 1, 1901, was 52,562,921.90 fine ounces, and at the close of the year's operations, June 30, 1902, 33,218,712 fine ounces. By the monetary act of March 14, 1900, authority was given to use this bullion for subsidiary coinage, provided that the total stock of subsidiary coins in the country should not at an}^ time exceed $100,000,000, and 4,337,356.50 ounces were used for that purpose during the year. The original gold deposits of the year amounted to $132,580,829.88. Gold bars taken*for export amounted to $36,332,678.53, and for domestic consumption, $14,482,578.08. The gross expenditures on account of the mint service, including loss by wastage in operating upon the metals, was $1,910,503.91. The earnings from all charges and incidental gains, exclusive of seigniorage, aggregated $357,568.62. The seigniorage realized in the manufacture of 1 and 5 cent pieces amounted to $1,919,370.25, and the total seigniorage accruing, upon the silver, nickel, and bronze coins made in the year was $11,013,856.11, which was turned into the general fund of the Treasury. •275 276 REPORT ON T H E FINANCES. The following table shows the number of employees and the earnings and expenditiures of the several offices and institutions of the mint service, including the Bureau or administrative office in Washington: Number employed, earnings and expenditures ofthe Mint service for the calendar year ended June 80, 1902. ' Number employed. Institutions.. Bureau of the Mint Philadelphia Mint San Francisco Mint New Orleans Mint Earnings. Expenditures. 17 636 213 225 $589.34 b 6,488,034.26 b 801,869. 35 &8,892,97L75' a$101,805.88 c 916,719.50 326,825.50 259,158.98 69 8 25 13 9 5 8 5 33 119,445.86 1,292.38 26,526.. 18 4,535.69 5,746.27 1,302.28 1,243.88 1,346.99 27,488.37 181,507.85 12,812. 75 • cZ 44,217.48 26,158.87 13,620.49 4,746. 70 4,369.77 8, 706. 64 46,000.00 1,261 11, 372,842. 00 1,946,160.36 ASSAY O F F I C E S . New York Carson Denver Helena Boise Charlotte St. L o u i s • Deadwood Seattle . . : • . . . . Total . . . . . ct Includes $66,964.01 freight on bullion and coin between mints and assay offices. b Includes seigniorage resulting from coinage operations. 0 Includes $191,864,61 for new e(juipment. cZIncludes $1,790.73 for new equipment. ' The cost of transferring coin and bullion between mints and assay offices may also properly be included in expenditures on account of the mint service, although paid from another appropriation. This item amounted during the year to $66,964.01. The details of the operations of the several institutions will be found elsewhere under the respective headings. COINAGE CAPACITY, IMPROVEMENTS IN EQUIPMENT, ETC. Coinage operations in Philadelphia were transferred from the old to the new mint structure in October, 1901. The work of that institution was necessarily somewhat interrupted and disarranged by the removal and by the change to new machiner}^ and new methods then introduced. When the full results of all the changes that have been inaugurated are secured it is believed that a large gain in economy and efficiency will be realized. The capacity of the new mint is more than double that of the old, and this increase in the output can be had, when required, at slight additional cost over the operating expenses heretofore. Every effort has been made to introduce into this mint the most approved methods that have been developed in the a r t of coinage and to obtain an equipment that would give the best results. Gas has been adopted as the only fuel for the melting, annealing, and hardening processes, and the supply is manufactured in the mintfrom naphtha at a cost approximating 50 cents per 1,000 feet. The chief consideration in the use of gas is the complete control that is possible in the application of heat and the more accurate results that are obtained. Since the new rolling machinery and the new method of annealing by gas has been in use the percentage of good planchets DIRECTOR OF^ THE MINT. 277 to the total number cut has risen to about 90. There are no draw benches in the new mint and the adjusting of silver blanks has entirely ceased. The transmission of power is by electricity, each machine being equipped with a motor, except in a few cases where the power required is very light. The appropriations for the new Philadelphia structure aggregate $2,025,000. The expenditures for equipment to January 1, 1902, auiounted to $349,720.84. Nothing in the way of new machinery had.been placed in the mint at San Francisco for many 3^ears, and the equipment was much worn and in many particulars out of date. The successful inauguration of new methods at Philadelphia naturally suggested improvements in the other institutions, and contracts aggregating about $75,000 have been made for that purpose at San Francisco. The capacity of this mint will thus be largely increased with little or no increase in the cost of operations. Gas will be substituted for other fuels and electricity directly applied to all machinery. The mint at Denver was authorized by act of Congress April 21, 1862, and the private coinage establishment of Clark, Gruber & Co., including real estate, was purchased at a cost of $37,500. No coinage has ever been executed there by the Government, the institution being conducted ^simply as an assay office and its receipts shipped to the Philadelphia mint for coinage. By act of Congress, approved February 20, 1895, the new mint at Denver was provided for, and an appropriation of $500,000 for building and site was made. At the first session of the Fifty-seventh Congress an additional appropriation of $300,000 was made for completing the building and constructing vaults. The contract for the superstructure has been completed and the contract for interior construction has been let. An appropriation of $25,000 for equipment has been made and contracts for equipment to the amount of $150,000 have beeii authorized. Further action to provide for equipment should now be taken, in order that the machin er 3^ may be ready when the building is finished. The amount required for this purpose will depend upon the action taken upon the recommendation relative to the discontinuance of coinage o.perations at New Orleans. T H E NEW ORLEANS MINT. The increased capacity of the mints at Philadelphia and San Francisco and the prospective opening of the new mint at Denver have provided and will provide a much greater coinage capacity than the country has heretofore had. On the other hand, the pressure upon the mints will relax rather than increase. The coinage of 1,500,000 silver dollars per month, now required by law, will soon come to an end b}^ the exhaustion of the stock of bullion purchased under the act of July 14, 1890. This requirement now calls for a coinage equal to the entire capacit}^ of the New Orleans mint. When it ceases, that mint will be idle unless work is diminished at Philadelphia and San Francisco to give it emplo5mient. When the Denver mint is opened,' the bullion output of Colorado and possibl}^ of other mining districts of the West now going to Philadelphia will be cut off from the latter institution, and it does not seem advisable to still further reduce its operations in order to supply work for New Orleans. The operations 278 REPORT ON THE FINANCES. of the San Francisco mint are wholly confined to gold produced or imported on the Pacific coast and the manufacture of the subsidiary coins required in the Pacific coast States, and it is not practicable to divide its work with the mint at New Orleans. The latter institution was reopened after the civil war in 1879, and since then has been almost wholly employed upon the coinage of silver. Its receipts of gold are small—last year about $400,000—and alone do not warrant coinage operations. It would be a useless and unjustifiable expense to ship gold bullion from Denver, Philadelphia, or any other of the offices of the service, to New Orleans for coinage, as the Treasury would have no use for the coin there. It is opportune here to call attention to the fact that the gold coinage of the countr}^ is now entering almost entirely into storage and that the cost of coinage is an unnecessary expense. The Treasury holds now about $500,000,000 of coined gold, which is doubtless more than will be called for in a generation to come. Practically all of the current coinage is being deposited in the Treasury for certificates. When gold is required for export, it is wanted in bars, while for domestic circulation the public prefers the Treasuiy certificates, which, with some modification of the statutes, might as well be issued against bars. The balance of silver bullion purchased under the act of 1890, in the Treasury July 1, 1902, was 33,218,712 fine ounces. The amount of this bullion used in last year's coinage operations was 19,344,209 ounces, so that if the same amount is used in the current fiscal year the amount remaining on July 1,1903, will be only 13,874,903 ounces, which is not enough to allow of a full year's coinage for all the mints in 1903-04. This bullion is all at Philadelphia, and, inasmuch as that mint can easily meet all requirements, it is not considered advisable to ship any bullion from there to New Orleans after July 1 next, or to plan for coinage operations at the latter place after that date. Thecostof operatingtheNewOrleansmintlastyearwas$259,158.98. The estimates for Philadelphia and San Francisco are not increased, but it will be possible for those institutions to do the entire coinage for the year 1903-4 within the appropriations that are asked for them. On the other hand, if the work to be done is divided between the three mints, it will not be possible to make any considerable reduction in expenditures, as a complete organization of skilled employees must be kept at each establishment. If coinage operations.are now discontinued at New Orleans, so much of the machinery there as is in good condition and of approved design can be transferred to the new Denver mint, and the estimates for equipment there correspondingly reduced. If the NCAV Orleans institution is abolished, the country will be left with three coinage mints—one on the Pacific coast, which will be the natural depository of the gold product of Alaska and the Pacific coast States and of the imports from Australia and the Orient; one in the interior, convenient to the gold producers of the Rocky Mountain region; and one near the eastern coast, convenient to receive the imports from that direction. This maj^ be accepted as a satisfactory perma. nent arangement. The work of coinage in view of the importance of absolute uniformity, the value of the material worked upon, and constant risk of loss, DIRECTOR OF THE MINT. 279 and other considerations realized in practical operations, can be more economicall}^ and satisfactorily done in three mints than divided among a larger number. Coinage is monopolized by the Government, and the skilled workmen required are not picked up in the open market. They are trained in the mint service, and must not onl}^ be skilled in the mechanical operations, but trustworthy in character. It is impracticable to run the mints intermittently, dismissing the employees and engaging a new force when ready to start again. The workmen must be picked and trained, and given regular employment. The character of the work favors its concentration in a few establishments, because a certain organization is required, no matter how small the institution ma}^ be. A division of labor and a system of checks must be maintained to guarantee certain accounting for the precious metals handled. An organization planned to do this properly can conduct operations large enough to keep itself busy for^ scarceh^ more than is required to do a less amount of work. In- view of these facts and looking to the permanent establishment of the service on the basis of three mints, located at Philadelphia, Denver, and San Francisco, it is recommended that coinage operations be discontinued at New Orleans at the close of the current fiscal year, and that the institution there be hereafter conducted as an assay office. SUBSIDIARY COINAGE. The report of this Bureau one 3^ear ago directed attention to the necessit}^ for legislation at an early day to authorize an increase in the country's stock of subsidiary coin. This need has become imperative, for unless Congress takes action to this end at its present session the Treasury will soon be unable to meet the demand for the fractional pieces. The monetary act of March 14, 1900, limits the total stock of these coins in the country at an}^ one time to $100,000,000, and that limit has been reached. Coinage has ceased, and the Treasury is wholl}^ dependent upon the stock now on'hand to supply the public needs. On October 1,1901, the stock in the country was $90,613,512, of which $10,520,157 T^as in theTreasury. On October 1, 1902, the stock in the country was $100,000,000, of which $10,750,477 was in the Treasury. The latter amount is no more than should be in the Treasury at all times, as it includes all denominations, and it is divided between the Treasury at Washington and the 9 subtreasuries. No good reason appears for limiting the issue of subsidiary silver coins. They are not a legal tender and caa not be forced into circulation in excess of the wants of trade. The}^ are redeemable at any office of the Treasury and can not be kept in circulation in excess of the wants of trade. The outflow and return are entirely automatic. The public knows when it wants change and should be supplied without restriction. The coinage acts of the period before the civil war contained no limit upon the supply of these denominations. The act of 1853, which reduced the fractional pieces to token mone}^, did not restrict their issue. The first appearance of the limit upon the fractional denominations was in the act of June 30, 1864, authorizing the issue $50,000,000 in fractional paper currency. This naturally followed from the fact that all issues of paper money were in fixed amounts and the fractional currency was not redeemable in coin. In providing 280 REPORT ON THE FINANCES. for the resumption of specie payments and the substitution of fractional silver for fractional paper currency, Congress followe(J in part the language of the act authorizing the paper currency, and this restricted the total amount of coin and paper to $50,000,000. The act of March 14,1900, raised this limit to $100,000,000, and it should now be raised again or abolished entirely. The stock of silver bullion purchased under the act of July 14,1890, remaining in the Treasury at the close of the last fiscal year, was 33,218,712 fine ounces, and this amount has since been reduced by the required coinage of 1,500,000 silver dollars monthl}^ The act of March 14, 1900, authorized the use of this bullion for subsidiary coins, subject to the $100,000,000 limit put upon the latter. I beg to repeat my recommendation of a year ago that the provision of law which requires the coinage of 1,500,000 of silver dollars per month be repealed and that the balance of this bullion be held for subsidiary coinage. All that remains will be needed for this purpose within two or three years and there is no advantage in pursuing the dollar coinage further. Nobod}^^ is advocating further purchases of silver for dollar coinage. The policy under which the present stock of bullion was acquired has been definitely abandoned and if the present stock were not on hand it would not now be purchased for that purpose. MINOR COINAGE AT ALL MINTS. Under the provisions of section 3528 of the Revised Statutes of the United States, the manufacture of all the minor'coins is restricted to the mint at Philadelphia. At the time this provision was enacted the demand for such coins was confined principally to the Eastern, Middle, and AVestern States, east of the Missouri River, but in recent years there has been a veiy heav.y increase, which has extended not only to the section named, but to the Southwestern States and the Pacific coast as well. No reason is apparent why the other Government mints should not be utilized for the making of minor coin when it suits the convenience of the Treasury to so employ them, and it is recommended that such authority be granted. DEFICIENCIES I N T H E BULLION ACCOUNTS OP T H E MINTS. In the reports of the Bureau of the Mint for the fiscal years 1898 and 1899 attention was invited to the deficiencies existing in the bullion accounts of the mints at San Francisco, Philadelphia, New Orleans, and Carson, Nev., aggregating $530,681.67. The items going to make up this sum are not only carried in the accounts of the mints named, but also in the accounts of the Treasurer of the United States as unavailable assets. There is very little prospect of any part of these sums ever being recovered by the Government, and they should not be carried in the accounts year in and year out as a part of the assets of the Government, as they go to make up a total that is incorrect. The recommendation made in the fiscal reports for 1898 and 1899, that Congress be asked to relieve the accounts of the Treasurer of the United States and the respective mints from carrying the amount of these deficits in their accounts, is again renewed. DI»RECTOR OF THE MINT. 281 MINOR COINAGE METAL FUND. Section 3528, Revised Statutes of the United States, provides that " f o r the purchase of metal for the minor coinage a sum not exceeding fifty thousand dollars in laAvful money of the United States shall be transferred by the Secretary of the Treasury to the credit of the superintendent of the inint at Philadelphia, at which establishment only, until otherwise provided b}^ law, such coinage shall be carried on." The sum provided above, $50,000, is now insufficient to carry the stock of materials required to* enable the raint to promptly meet the greatly increased demand for minor coin. When this fund was created by the act of February 28, 1873, it was ample, the total minor coinage for the year being $369,380; but last year the minor coinage amounted to $2,009,568, and in the month of December alone to over $300,000. The fund is inadequate to handle this volume of business, and no little inconvenience is experienced in consequence. The minor coinage metal fund should be increased to $250,000 as a maximum, and it is respectfully recommended that Congress be again asked to take this action. DEPOSITS OF GOLD BIILLION, FISCAL YEAR 1902.^ The deposits of gold bullion "at the mints and assay offices of the United States during the fiscal year ended June 30, 1902, exclusive of the redeposits, were of the value of $132,580,829.88, against $153,101,482.38, reported the previous year. Deposits of bullion may be made at a mint or assay office for conversion into bars for the convenience of the depositor. When delivered to him and disposed of by him they frequently find their way to another one of the Goyernment institutions, and are there classified as redeposits. The same applies to transfers of bullion between the mints and assay offices. The aggregate of all deposits, including redeposits, is the total of metal operated upon in the year by the mint service. This total of gold bullion received in the fiscal year ended June 30, 1902, was 9,068,708.137 standard ounces, of the valueof $168,720,141.15, against 10,789,428 standard ounces, of the value of $200,733,345.89, reported the previous year. The deposits of domestic bullion amounted to 5,085,937.076 standard ounces, of which 1,230,004.009 standard ounces were in a crude condition direct from the miners operating in the various States; 906,813.297 standard ounces of refinery bars (less than 0.992 in fineness) and 2,949,119.770 standard ounces of refined bullion (0.992 in fineness and over) were bullion received from private refineries, chlorination and cyanide works. UNCURRENT DOMESTIC GOLD COIN FOR RECOINAGE. Uncurrent and mutilated domestic gold coin received for recoinage contained 80,004.087 standard o.unces, of the coinage value in new coin of $1,488,448.16. Of this amount 37,148.867 standard ounces were received over the counter and 42,855.220 standard ounces were received on transfers from the Treasury. 282 REPORT ON THE FINANCES. The face value and denominations of the coin referred to is shown in the following table: UNCURRENT DOMESTIC GOLD COIN. Face value. Denomination. Total. Transferred Purchased from T r e a s u r y , o v e r c o u n t e r . D o u b l e eagles Eagles Half eagles T h r e e - d o l l a r pieces Quarter eagles Dollars Total Loss b y r e c o i n a g e . $312,980.00 160,900.00 319,765.00 27.00 9,797.50 96.00 $197,000.00 315,180.00 167,485.00 84.00 18,005.00 378.00 $509,980.00 476,030.00 487,200.00 111. 00 27,802.50 469.00 803,565.50 698,027.00 1,501,592.50 6,259.08 6,885.28 13,144; 31 Foreign bullion containing 977,681.296 standard ounces, of the value of $18,189,416.90, were also received, of which 944,375.084 standard ounces were unrefined, and 33,306.212 standard ounces were refined previous to its receipt, as shown by the following table: DEPOSITS OP FOREIGN GOLD BULLION. ^ Unrefined. C o u n t r y of p r o d u c t i o n . Canada: British Columbia Klondike, Northwest Territory N o v a Scotia " Ontario a n d Quebec Mexico . . . South America Central America West I n d i e s Spanish Honduras China. ^ Philippine Islands N e w Z e a l a n d .'. Australia Dutch Guiana S o u t h Africa Standard ounces. .. . Coining value. 60,690.207 •577,655.089 27,948.678 18,520.004 172.292.564 66,898.061 28,520.743 875.097 399.802 21.109 13.818 1,490.423 L968 87.643 10.588 $1,129,120.13 10,747,070.49 619,975.40 344,658.21• 8,205,440.65 1,049,266,25 530,618.47 6,978.64 7,488.17 892.72 247.77 27,728.80 36.52 698.47 195.96 944,875.084 17,569,766.45 Total Refined. Coining value. Standard ounces. 7,205.800 $134,052.09 • 26,100.912 485,598.86 33,306.212 619,650.45 • Foreign gold coin containing 752,293.722 standard ounces, of the coining value in United States money of $13,996,162.21, was deposited. The following table shows the country of coinage and amount of such deposits. DEPOSITS OF FOREIGN GOLD COIN. C o u n t r y of c o i n a g e . Standard ounces. • Great Britain France ' Mexico Japan Spain Germany Russia New Granada South America... Central America . Unknown..: 537,252. 349 16,046.305 34,148.970 72,301.068 54,659.481 229.910 1,887.716 2.501 4,230.572 28.051 81,606.799 Total 762,298.722 Coining value. 995,392.53 298,535.91 685,829. 67 345,186.14 015,060.10 4,277. 39 85,120. 29 46.53 78,708.31 521.87 588,033.47 13,996,162.21 I DIRECTOR OF THE 283 MINT. Jewelers' bars, old plate, etc., containing 230,303.973 standard ounces, of the value of $4,284,724.22, were deposited. The redeposits contained 1,942,487.983 standard ounces, of the value of $36,139,311.27, as shown by the following table: REDEPOSITS OP GOLD BULLION. I n s t i t u t i o n a t w h i c h d e p o s i t e d , fine b a r s . InstituLiuii HI vvuiuii iutiuuitiutureu. Philadelnhia New York Denver " Philadelphia. Philadelphia Carson. Denver Boise Helena Charlotte St. Louis Deadwood S e a t t l e . •. Total Total. S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs. 17.998 17.998 12,955.438 12,955.488 7,195.986 7,195.986 .. 7,218.979 Total Institution at which manufactured. NewYork. , 12, 955.438 20,169.417 I n s t i t u t i o n a t w h i c h deposited, u n p a r t e d b a r s . Philadelphia. San Francisco. Denver. Helena. Seattle. Total. S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs. 60.569 60.569 16,636,284 16,636.284 824,523.798 14.661 824,688.454 96,928.277 96, 928.277 118,064.956 118,686.826 681.870 14,277.206 14,277.206 4,660.560 4 660 560 29,068.662 29,068.662 817,457.219 54.509 817 511 728 1,087,574.023 884,098.503' 14.661 581.870 64.609 1,922,318.566 The following table exhibits the weight and value of deposits and purchases of gold: W E I G H T OP THE ORIGINAL DEPOSITS AND REDEPOSITS OP GOLD BULLION .AT THE MINTS AND ASSAY OPFICES OP THE UNITED STATES DURING THE FISCAL YEARS 1901 AND 1 9 0 2 , AND T H E INCREASE OR DECREASE OP T H E SAME DURING THE L A T T E R YEAR. Fisca year. Classification of d e p o s i t s of gold. 1901."^ ORIGINAL DEPOSITS. l^omestic:' Unrefined Refinery bars .' Refined b u l l i o n D o m e s t i c coin: Purchases Treasury transfers Foreign bullion: Unrefined ... Refined Foreign coin .Jewelers' b a r s , old p l a t e , e t c T o t a l o r i g i n a l deposits S t a n d a r d ozs. 1,286,803.820 926,435. 908 2,781,731.927 1902. Increase 1902. Decrease, 1902. S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs. 1,230,004.009 56,799.811 906,818.297 19,622.611 2,949,119. 770 167,887.843 87,953.456 22,041.210 37,148.867 42,855.220 1,281,088.112 180,856.066 1,499,973. 790 212,831.545 944,875.084 38,306.212 752,298.722 230,308.973 17,472.428 8,229,215.334 7,126,220.154 205,674.281 804. 589 20,814.010 336 713 028 147,049.854 747,680.068 1,808,669.461 REDEPOSITS. Fine bars Mint bars Unparted bars Total redeposits Total gold operated on . 895,965.795 20,169.417 375 796 878 2,164,246.871 1,922,318.566 241,928.805 2,560,212.666 1,942,487.983 10,789,428.000 9,068,708.187 617 794 fiS8 206,674.281 1,926,894.144 284 REPORT ON T H E FINANCES. VALUE OP THE ORIGINAL DEPOSITS AND REDEPOSITS OF GOLD BULLION AT THE MINTS AND ASSAY OFFICES OP THE UNITED STATES DURING THE FISCAL YEARS 1901 AND 1902, AND THE I N C R E . \ S E OR DECREASE OF THE SAME DURING THE L A T T E R Y E A R , Fiscal year. Classification of d e p o s i t s of g o l d . 1901. 1902. Increase 1902. Decrease. 1902. O R I G I N A L DEPOSITS. Domestic: Unrefined Refinerj'^ b a r s Refined b u l l i o n Domestic coin: Purchases . . Treasury transfers Foreign bullion: Unrefined Refined F o r e i g n coin Jewelers' bars, old plate, e t c . $23,940,334. 96 17,236,016.88 51,753,152.14 T o t a l o r i g i n a l depo-sits $22,883,788.77 16,870,945.07 54,867,344.55 $3,114,192.41 706,110.84 410,069.02 691,141.74 797, 306.42 23,834,197.43 3,855,461.69 27,906,4.89.18 8,959,650.29 17,569,766.46 619,650.46 13,996,162.21 4,284,724.22 325,073.93 158,101,482.88 132,580,829.88 3,826,503.74 $1,056,646.19 365,071.81 14,969.10 387,237.40 6,264,480.98 2,735,811.24 18,910,826.92 24,347,166.24 REDEPOSITS. Fine bars Mint bars Uil p a r t e d b a r s . . . . Total redeposits Total gold operated u p o n .. 7,366,805.48 . 875,244.92 40,265,058.03 85, 764,066.35 4,500,991.68 47,681,868.51 36,189,8n. 27 11 492 652 24 200,733,345.89 168,720,141.15 6,991,560.66 8,826,508.74 35,839,708.52 DEPOSITS OF SILVER BULLION, FISCAL Y^EAR 1 9 0 2 . Including silver contained in gold deposits, the deposits and purchases of silver during the fiscal year ended June 30, 1902, exclusive of redeposits, amounted to 6,063,186.38 standard ounces, against 12,449,234.35 standard ounces reported for the previous j'^ear. Deposits of silver bullion may be made at a mint or assay office for conversion into bars, and these, when delivered to the depositor and disposed of by him, may find their way to another one of the Government institutions. These bars bearing the stamp of the mint service are then classified as redeposits. The aggregate of all deposits and purchases, including redeposits, at all the mints and assa}^ offices shows the total operations of the mint service, This aggregate of silver received in the fiscal year was 7,681,214.54 standard ounces. The deposits of domestic bullion amounted to 1,583,399.41 standard ounces, of which 450,531.01 standard ounces were in a crude condition, direct from miners operating in v.arious States; 84,587.38 standard ounces of refinery bars (less than 0.992 in fineness) and 1,583,399.41 standard ounces in refined bullion (fineness of 0.992 and over) being bullion received from private refineries, chlorination and cyanide works. UNCURRENT DOMESTIC SILVER COIN FOR RECOINAGE. Uncurrent and mutilated domestic coins were received for recoinage containing 2,527,878.32 standard ounces, of the coinage value in silver dollars of $2,941,531.12, or the coinage value in new subsidiary coins of $3,145,105.17. Of this amount 2,525,019.26 standard ounces were received from the Treasury and 2,859.06 standard ounces were received over the counter at the various mints and assay offices. Foreign silver coin containing 32,516.57 standard ounces were deposited as shown by the following table: 285 DIRECTOE OF T H E MINT. DEPOSITS OF FOREIGN SILVER COIN. Standard ounces. Country of coinage. Mexico Spain Central America South America San Domingo China Porto Rico Other i . . .. . . . . .. .^ Total Coining value. 153:88 876.74 6.131.90 6,380.65 3,279.18 65.61 194.81 15,984.80 $178 48 438.89 7,135.30 7,424.76 3,815.77 76.34 226 11 18,542.31 32,516.57 87,887.46 Jeweler's bars, old plate, etc., containing 639,366.20 standard ounces were deposited. The redeposits containing 1,618,214.54 standard ounces are shown by the following table: REDEPOSITS OF SILVER BULLION. Institution at which deposited. Institution at which manufactured. Fine bars. San Francisco. Total Philadelphia Carson Denver Boise Helena Charlotte st Louis Deadwood Seattle New York. Standard ozs. Standard ozs. Standard ozs. Standard ozs. 1,025,367.31 1,025,367.81 1,384.06 1,884.06 47,013.50 1,719.91 • 47,013.50 Philadelphia New Orleans New York Institution at Avhich manufactured. Total. New York. Standard bars. •. 1,025,367.31 48.897.56 1,073,764.87 1,719.91 Institution at which deposited unparted bars. Philadelphia. San Francisco. Denver. Helena. Seattle. Total. Standard ozs. Standard ozs. Standard ozs. Standard ozs. Standard ozs. Standard ozs. 10.44 10.44 9,771.46 9,771.46 7.52 87,454. 82 87,461.84 31,750.47 31,750.47 85,377.41 506.71 35,884.12 1,054. 49 • 1,054.49 814.05 814 05 11,841. 87 11,841.87 161,116.01 18.34 161,134.35 Total 168,308.05 170,887.47 7.52 506.71 18.34 339,723.09 The face value and denomination of the coin referred to is shown in the following table: UNCURRENT SILVER COIN. Face value. Denomination. Trade dollars Silver dollars Half dollars Quarter dollars Twenty-cent pieces Dimes Half dimes Three-cent pieces ... Total Loss subsidiary value by recoinage . Gain by recoinage Net loss Transferred Purchased from Treasury, over counter. $1,487,489.00 1,076,897.00 215.40 768,981.40 1,301.55 62.71 3,388,437.06 191,889.02 Total. $125.00 1,893.00 776.50 494.50 1.40 229.50 19.95 12 $125.00 1,898.00 1,488,265.50 1,075,891.50 216.80 769,210.90 1,321.50 52.83 1,689,97 85.64 52.80 3,886,977.08 191,924.66 52.80 191,871.86 286 REPORT ON T H E FINAlSrCES. Foreign silver bullion, unrefined, containing 1,280,025.88 standard ounces was received, as shown by the following table: DEPOSITS OF FOREIGN SILVER BULLION. Unrefined. Country of production. standard ounces. Canada; British Columbia Klondike, Northwest Territory Nova Scotia Ontario and Quebec Mexico Central America South America West Indies :. Spanish Honduras Other Total Coining value. 21,307.78 188,462.85 1,312.25 6,245.46 1,025,982. 63 30,089.42 57,273.61 278.10 77.13 7.25 $24,794.61 161,108.18 1,526. 98 6,108.81 1,193,870.70 85,018.14 66,645.54 323.61 89.75 8.43 1,280,025.88 1,489,484.65 There were rio deposits of refined foreign silver bullion. The following tables exhibit the weight and value of deposits and redeposits of silver: W E I G H T OP THE ORIGINAL DEPOSITS AND REDEPOSITS OF SILVER BULLION AT THE MINTS AND ASSAY OFFICES OF THE UNITED STATES DURING THE FISCAL YEARS 1901 AND 1902 AND THE INCREASE OR DECREASE OF THE S A M E D U R I N G THE LATTER Y E A R . Fiscal year. Classification of deposits of silver. 1901. ORIGINAL 1902. Increase 1902. Decrease 1902. DEPOSITS. S t a n d a r d ozs. 478,374.68 91,452.17 2,171,005.29 Domestic: Unrefined Refinery b a r s Refined b u l l i o n Domestic coin: Purchases Treasury transfers Trade dollars Foreign bullion, unrefined Foreign coin J e w e l e r ' s bars—old p l a t e , e t c 3,894.85 2,900,287.61 283.67 1,451,276.81 4,722,440.69 630,718.68 T o t a l o r i g i n a l deposits S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs. 450,581.01 27,843. 67 6,864.79 84,687.38 . 1,048,281.02 1,122,724.27 2,750. 84 2,525,019.26 108.72 1,280,025.88 32,516.57 689,866.20 " " " 8 , " 647.^62' 644.51 375,268.35 174. 95 171,260.93 4,689,924.12. 12,449,234.85 6,063,186.38 6, 394, 695.59 25,662,718.88 605,753.21 8,647.62 REDEPOSITS. Fine bars Standard bars Mint bars Unparted bars 414,428.21 1,078,764.87 1,719.91 203,006.67 339,728.09 Total r e d e p o s i t s 26,682,900.30 1,618,214.54 208,006. 67 25,267,692.43 T o t a l silver o p e r a t e d u p o n 39,132,184.65. 7, 681,400.92 211,654.29 31,662,388.02 :... 24,588,954.01 604,033.80 203,006. 67 74, 705.12 287 BIEECTOK OF T H E MINT. VALUE OF THE ORIGINAL DEPOSITS AND REDEPOSITS OF SILVER BULLION AT THE MINTS AND ASSAY OFFICES OF THE UNITED STATES DURING THE FISCAL YEARS 1901 AND 1902, AND THE INCREASE OR DECREASE OF THE SAME DURING THE LATTER Y E A R . F i s c a l year— Classification of deposits of silver. 1901. ORIGINAL DEPOSITS. Domestic: Unrefined. . . Refinery bars Refined bullion Domestic coin: Purchases . .. Treasury transfers Trade dollars Foreign bullion, unrefined Foreififii coin Jewelers' bars. Total original deposits 1902. Increase, 1902. Decrease, 1902. $556,654.18 106,417.07 2,526,260.70 $524,264.22 98,428.95 1,219,817.92 $32,399.91 7,988.12 1,306,442.78 8,950.37 8,374,880.14 830.09 1,688,758.46 - 5,495,203.70 733,927.07 3,200.40 2,938,204.21 126.51 1,489,484.65 37,837.46 743,989.76 749. 97 436,675.93 208.58 199,278.81 5,457,866.24 $10,062.69 14,486,381. 73 7,055,344.08 10,062.69 29,862,072.88 704,876.46 236,225.95 7,441,100.34 REDEPOSITS. 28,612,601.08 702 875.11 482,243.73 1.249,471.85 2,001.85 236,225.95 395,814.14 Total redeposits 81,049,198.07 1,888,013.29 286,225.95 29,402,406.73 Total silver operated npon 45,535,574.80 8,938,857.37 246,228.64 36,848,506.07 Fine bars Standard bars Mint bars U n p a r t e d bars- 86,929.59 . DEPOSITS OF GOLD AND SILVER SINCE 1 8 8 0 . The value of gold and silver received at the mints and assay ofiices, by fiscal years, since 1880 is shown by the following table: VALUE OF THE GOLD AND SILVER (NOT INCLUDING REDEPOSITS) RECEIVED AT THE MINTS AND ASSAY OFFICES SINCE 1880. Fiscal years. 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891'. 1892 1893 1894 1896 1896 1897. 1898 1899 1900 1901 1902 Gold. - -• : $98,835,096 130,833,102 66,756,652 46,347,106 46,326,678 52,894,075 44,909,749 68,228,072 72,225,497 42,136,436 42,663,095 48,485,801 61,131,460 46,449,842 71,909,518 65,161,067 68,769,384 87,003,338 • 147,698,195 148,497,191 133,920,119 158,101, 681 132,580,830 Silver (coining value). Total value. $34,640,622 30,791,146 33,720,491 36,869,834 36,520,290 36,789,774 85,494,183 47,756,918 41,331,014 41,238,151 42,644,719 71,985,985 . 83,177,666 84,233,832 28,697,031 15,234,700 11,672,078 9,470,623 13,261,600 16,376,388 13,260,960 14,486,382 7,055,844 $188,475,618 161, 624,248 100,477,143 83,216,940 82,846,968 89,688,849 80,403,932 115,979,990 113,556 511 83,874,587 85,307 814 120,471,786 144,809 126 130,683, 674 100,606,544 80,895, 767 80 441 462 96,473,961 160,954,796 159,873,574 147,181,079 167 588 068 189,636,174 288 REPORT ON THE FINANCES. DEPOSITS OF GOLD SINCE 1 8 7 3 . The value of the deposits of gold bullion, coin, and jewelers' bars at the mints and assay offices of the United States, by fiscal years, since 1873 is exhibited in the following table: DEPOSITS OF GOLD AT UNITED STATES MINTS AND ASSAY OFFICES SINCE 1873. C h a r a c t e r of g o l d d e p o s i t e d . Fiscal year. ended J u n e 30— Domestic coin ( c o i n i n g value). . Domestic bullion. 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1886 1886 1887 1888 1889 1890 1891...... 1892 1893 1894 1895 1896 1897 1898 1899 •. 1900 1901 1902. $28,868,569. 78 $27,116,948.27 29,736,387.82 6,275,367.29 84,266,124.52 1,714,811.50 37,590,529.39 417,947.15 48,478,103.93 447,889.68 48,075,128.76 801,021.79 38,549,706.89 198,083.17 35,821,705.40 209,328.82 85,815,036.55 440,776.97 81,298,511.97 599,356.80 82.481, 642.88 874,129. 23 29,079,596.83 268,117.17 31,584,436.64 825,210.97 32,456,498.64 898,546.28 32,978,027.41 516,984. 63 32,406,306.59 492,512. 60 31,440,778.98 585,066.87 30,474,900.25 655,474. 96 31,655,116.86 688,847.16 31,961,546.11 567,967. 86 33,286,167.94 792,470.43 38,696,951.40 2,098,615.46 44,871,949.88 1,188,268.21 53,.910, 957.02 1,670,006.58 60,618,289. 77 1,016,814.89 69,881,120.67 1,187,682.99 76,252,487.28 • 1,158,307.57 87,458,886.23 1,889,096.68 92,929,696.86 1,116,179.86 94,622,078.89 1,488.448. .16 T o t a l . 1,381,942,128.38 Foreign bullion. • Foreign coin (U.S. coining value). $426,107.44 3,162,519. 92 739,489.66 1,141,905. 76 1,931,163.12 2,068,679.05 1,069,796.89 21,200, 997.23 37,771,472.26 12,788,807.04 4,727,143.22 6,023,734.45 11,221,846.45 4,31.7,068.27 22,571,328.70 21,741,042.44 2,186,516.66 2,691,982.29 4,054,822.86 10,985,154.69 2,247,780.78 15,614,118.19 14,108, 485.74. 6,572,390.14 9,371,521.03 26,477,370.06 80,336,559. 47 22,720,150.22 27,189,659.12 18,189,416.90 $518,542.14 9,318,882.47 1,111,792.26 2,111,088.80 ^2,093,260.78 1,316,461.09 1,498,819.71 40,426,559.63 55,462, 385.74 20,304,810.78 6,906,088.80 9,095,461.45 7,893,217.77 5,673,565.04 9,896,512.28 14,696,835.03 4,447,475.99 6,298,773.93 8,256, 303.80 14,040,187.70 6,298,296.88 12,386,406.81 2,278,614.07 8,227,409.06 18,188, 013.86 47,210,077.84 82, 785,152.48 18,834,495.53 27,906,489.13 13,996,162.21 Jewelers' b a r s , old p l a t e , etc. Total. $57,704,885.88 $774,218.25 654,358.56 49,142,511.06 724,625.96 88,556,298.90 681,819.32 41,943,285.42 837,911.25 48,787,778.71 907,932.20 52,669,217.89 987,751.14 42,254,156.80 1,176,505.77 98,835,096. 85 1,343,480.93 180,833,102.45 1,770,166.36 66,756,652.95 1,858,107.42 46,347-, 106.05 1,864,769.26 46,326,678.66 1,869,868.26 52,894,075.09 2,069,077.00 44,909,749.28 2,265,219. 85 68,223,072.87 2,988,750.90 72,225,497.56 8,526, 597.81 42,136,435. 76 3,542,013.83 42,663,095.26 4,035,710.15 48,485,800.82 3,686, 608.68 61,131,460.04 3,830,176.02 46,449,841.50 3,118,421,45 . 71,909,618.31 3,213,809.48 65,161,067.28 8,388,622.06 68,769,883. 81 2,810,248.66 87,003,337. 71 2,986,943.37 147,698,194.83 2,964,683.90 143,497,190.65 3,517,540.93 188,920,119.59 8,959,656.64 153,101,680.61 4,284,724.22 182,580,829.88 55,667,717.45 345,543,830.05 398,368,182.46 71,489,754.08 2,202,911,612.42 COINAGE OF THE UNITED STATES. The following table exhibits the coinage of the year by denominations, pieces, and value: COINAGE EXECUTED AT T H E ' M I N T S O F T H E UNITED STATES DURING THE FISCAL Y E A R 1902. Denomination. Gold: Double eagles Eagles Half eagles Quarter eagles Pieces. : . Total Silver: Standard dollars Half dollars Quarter dollars Dimes '.. -Total Minor: Five-cent nickels One-cent bronze Total Total coinage :.. Value. 1,852,088 1,473,648 1,978,138 124,'687 $87,041,760.00 14,736,480.00 9,890,665.00 311,717.50 5,428,551 61,980,572.50 19,402,800 8,881,118 15,384,879 24,644,157. 19,402,800.00 4,415,559.00 3,838,594.75 2,464,415.70 68,212,454 30,116,369.45 81,298,779 ^86,479,722 1,564,938.95 864,797.22 117,778,501 2,429,736.17 191,419,506 94,526,678.12 289 DIRECTOR OF T H E MINT. All the standard silver dollars enibraced in the above table were coined from the balance of the silver bullion on hand purchased under the act of July 14, 1890, and contained 16,674,281.26 standard ounces of silver, costing 113,578,116.66. The seigniorage or profit on this coinage was $5,824,683.44, which has been deposited in the Treasury of the United States. Of the subsidiary coinage $10,713,569.45 executed during the year $1,948,681.20 were from bullion received from the Treasury for recoinage and $5,996,000 from silver bullion purchased under the provision of section 3526 of the Revised Statutes and from t h e a c t of July 14, 1890, $2,110,208.25 from Porto Rican coins redeemed and melted, and $658,680 value of silver purchased, partings, charges, and fractions. The loss on the recoinage of $1,501,592.50 in worn and uncurrent old coins was $13,144.31, and the net loss on the recoinage of 3,336,977.03 in worn and uncurrent silver coins was $191,871.86, for which the Treasury of the United States was reimbursed from the appropriation for that purpose. The number of pieces of domestic coin manufactured by the mints of the United States during the fiscal years 1901 and 1902 and the increase or decrease in the number of pieces coined in the last year named are shown in the following table: f COINAGE OF THE MINTS OP THE UNITED STATES, BY PIECES, DURING THE FISCAL YEARS 1901 AND 1902, AND THE INCREASE OR DECREASE OF THE SAME DURING THE LATTER Y E A R . Fiscal year. Increase, 1902. Classification of c o i n a g e . 1902. 1901. Gold coins . . . Silver d o l l a r s Subsidiary silver coins Minor coins Total 8,788,112 24,298,850 50,488,814 98,428,356 5,428,651 19,402,800 48,809,654 117,778,501 24,350,145 176,999,132 191,419,606 24,350,145 Decrease, 1902. 3,354,661 4,896,050 1,679,160 9,929,771 The value of the domestic coinage executed by the mints of the United States during the fiscal 3^ears 1901 and 1902 and the increase or decrease in the nominal value of the coinage during the year named is shown by the following table: COINAGE OF THE MINTS OF THE UNITED STATES, BY VALUE, DURING THE FISCAL YEARS 1901 AND 1902, WITH THE INCREASE OR DECREASE OF THE SAME DURING THE LATTER Y E A R . Fiscal year. Classification of c o i n a g e . Gold coins Silver d o l l a r s S u b s i d i a r y silver coin Minor coins . Total Increase, 1902. 1901. 1902. $99,065,715.00 24,298,850.00 10,966,648.50 2,009,568.08 $61,980,572.50 19,402,800.00 10,718,569.45 2,429,736.17 $420,168.09• 136,340,781.58 94,526,678.12 420,168.09 Decrease, 1902. $87,085,142. 50 4,896,050.00 253,079.05 42,234,271.55 The number of silver dollars coined from bullion purchased under the act of Julv 14,1890, from August 13,1890, to June 30,1902, aggregated 158,952,600 pieces, containing 122,939,901.69 ounces of fine FI 1902 19 290 REPORT ON T H E FINANCES. silver, costing $114,545,740.49, giving a seigniorage of $44,406,859.51. All profits on the coinage of silver dollars are deposited each month in the Treasury of the United States. | The aggregate number of silver dollars coined from March 1,1878, to June 30,1902, under the provisions of the acts df Februaiy 28, 1878, July 14, 1890, and March 3, 1891, was 542,197,365, as shown by the following table: j COINAGE OF SILVER DOLLARS, I Coinage under act of- Amount. Feb. 28, 1878 (Bland-Allison) : From July 14, 1890, to repeal of the Sherman Act, Oct. 81, 1893 FromNoy. 1,'1898, to June 12, 1898 Coined under the war-revenue bill approved June 13, 1898 { > | ! Total under act of July 14, 1890 Mar. 8, 1891 (recoinage of trade dollars) | j ; $378,166,798 $36,087,285 42,189,872 80,725,448 , 158,952,600 6,078,472 Total 542,197,865 There are exhibited in the appendix tables showing by denominations and values domestic coins manufactured during the fiscal j^ear, and also tables of the total coinage by denominations, institutions, and j^ears from the establishment of the Mint in 1792. j The following table exhibits the number of fine ounces and value of gold and silver coinage of the United States, by calendar years, since 1873: ! COINAGE OF GOLD AND SILVER AT THE MINTS OF THE UNITED STATES SINCE Silver. Gold. Calendar years. 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 Fine ounces. . . : -. . . Total • . 1873. Value. Fine ounces. Coining value. $57,022,748 35,254, 630 32,951,940 46,579,458 43,999,864 49,786,052 39,080,080 62,308,279 96,850,890 65,887,685 29,241,990 28.991.766 27,773,012 28,945,542 23,972,883 31,880,808 21,413,981 20,467,182 29,222,005 84,787,223 56,997,020 79,646,160 59,616,358 47,058,060 76,028,485 77.986.767 111,344,220 99.272,942 lOi; 735,188 3,112,891 5,299,421 11,870,685 18,951,777 21,960,246 22,057,548 21,823,498 21,201,282 21,609,970 21,635,469 22,620,701 22,069,935 22,400,433 24,817,064 27,218,101 25,543,242 27,454,465 30,320,999 21,284,115 . 9,777,084 6,808,413 7,115,896 4,407,055 17,858,594 . 14,298,769 17,816,385 20,166,957 28,072,162 28,851,621 $4,024,748 6,851,777 15,347,898 24,508,808 28,898,045 28,518,850 27,569, 776 27,411, 694 27,940,164 27,973,132 29 246 968 28,534,866 28,962,176 32,086,709 35,191,081. 33,025,606 35,496,688 89,202,908 27,518,857 12,641,078 8,802, 797 9, 200,351 5,698,010 23,089,899 18,487,297 23,034,083 26 061 520 36,295,321 30,888,461 73,079,269 1,510,496,648 542,913,678 701 949 008 2,768,475 1,705,441 1,594,050 2,253,281 2,128,493 2,408,400 1,890,499 3,014,163 4,685,162 3,187,317 1,414,581 1,160,601 1,343,519 1,400,240 1,159,664 1,518, 046 1,035,899 990,100 1,413,614 1,682,832 2,757,231 3,848, 045 2,883,941 2,276,192 8,677,878 8,772,561 5,886,277 4,802,328 4,980,439 DIRECTOR RECOINAGE OF OF THE STANDARD 291 MINT. SILVER DOLLARS. No mutilated or uncurrent standard silver dollars were transferred from the Treasury to the mints for recoinage during the fiscal year 1902. There were, however, purchased as bullion 1,786 mutilated silver dollars, which were for use in the manufacture of subsidiaiy silver coins. The total number of mutilated and uncurrent silver dollars received and melted at the mints, and at the assay office at New York, from 1883 to the close of the fiscal year 1902, is shown in the following statement: Fiscal year. Fiscal year. Amount. $621 1888 1884 1885' 1886 1887 . . 1888 1889 . 1890 1891 1892 1893 1,850 8,292 14,0o5 81,042 11,977 10,800 42,881 10,500 RECOINAGE Amount. 1894 1895 1896 1897 1898 1899 1900. 1901 1902 $15,055 18,580 2,034 1,898 1,865 1,734 1,341 1,786 1,893 Total OF UNCURRENT 177,704 COIN. The condition of the current coins has been materially improved by the extensive recoinage of recent years. The following table shows the face value of abraded subsidiary coin transferred for recoinage, the amount of new coin made therefrom, and the loss and percentage of^ loss for each fiscal year from 1891 to 1902: RESULTS OF RECOINAGE OF UNCURRENT SUBSIDIARY SILVER Face value. Year. 1891 1892 1893 1894 1895. 1896 1897 1898 1899 1900 1901 1902 Total PERCENTAGE OF COIN. N e w coin. Loss. . $910,046.69 7,118,602.78 7,618,198.25 7,184,472.17 4,861,761.36 4,627,141.46 3,197,998.50 6,109,772.32 8,584,804.26 5,261,070.85 3,832,280.69 3,333,437.06 $861,680.41 6,987,886.02 7.881.289.58 6,924,753.05 4,161,820.73 4,877,258.40 3,048,861.64 6,820,159.16 8,098,485.18 4,950,088.96 3.613.021.59 3,141,548.04 $48,366.28 180,716.76 286,908.67 259,719.12 199,940.68 249,883.06 149,136.86 289,613.16 485 819.08 310,981.89 219 259 10 191,889.02 62,189,085.89 , 69,316,852.76 2,822,283.13 ABRASION. For the purpose of obtaining approximate figures as to the rate of loss on the subsidiary coins by abrasion a record was kept last year at the Philadelphia and New Orleans mints of the weight of all uncurrent subsidiary coins received at those institutions, with the year of their coinage. The tables given below show the number of these coins received, year of coinage, amount of loss by abrasion, and percentage to standard weight. 292 REPORT ON T H E FINANCES. The total of these coins received at Philadelphia was as follows: UNCURRENT SUBSIDIARY C O I N R E C E I V E D AT P H I L A D E L P H I A M I N T FOR RECOINAGE. Weights. Denomination. Loss. Face value. Net weight. Standard. Abrasion Halves Quarters Dimes 20-cent pieces Half d i m e s . . 3-cent p i e c e s . $66,600.00 55,000.00 42,877.00 8.40 16.75 2.85 Ounces. 61,409.17 41,520.73 81,741.64 2.67 12.42 2.18 Ounces. 58,499.24 44,171.98 34,081.66 2.73 14.89 2.04 Ounces. 2,090.07 2,651.28 2,340.02 .06 1.97 P e r cent. 3.906 6.002 6,866 2.198 1.867 Total.. 164,000.00 124,688.81 181,772.04 ' 088.40 5.307 UNCURRENT HALVES, SEPARATED BY 'YEARS. Weights. Face value, 1880 1831 1832 1888 1834 1836 1836 1887 1838 1839 1840 1841 1842 1843 1844 1845 1846 1847 1848 1849 1850 1851 1852 1853 1854 1855 1856 1857 1858 1859 1860 1861 1862 1868 1864 1866 1866 1867 1868 1869 1870 1871 1872 1878 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 $42.60 26.00 85.50 25.00 35.00 19.00 25.50 13.00 14.50 15.00 33.00 15.00 58.60 127.50 93.50 96.50 116.00 106.50 78.50 69.00 55.50 7.50 4.00 1,785.00 3,389.50 1,492.-00 1,810.00 1,117.00 4,644.50 1,320.00 658.50 1,666.50 220.00 289.00 219.00 231.00 381.00 447.50 407.00 645.50 675.50 1,730.50 927.50 2,089.00 1,878.50 7,644.50 11,785.00 14,589.60 1,258.00 41.50 16.50 2L60 8.60 • 13.60 n.oo 9.50 12.50 Standard w e i g h t of $1,000. Standard. I Abrasion Ounces. 86.20 22.08 30.01 21.18 29.68 16.01 21.67 10.66 11.98 12.08 26.36 12.05 46.68 102.71 74.80 77.38 92.92 86.21 58.68 64.73 43.89 6.01 8.18 1,835.82 • 2,555.16 1,147.54 1,005.27 860.14 3,559.85 1,014.94 501.68 1,281.93 168.90 182.74 167.89 177.44 291. 52 842.28 312.97 495.07 441.84 1,327.64 710.90 1,611.24 1,450.25 6,911.67 9,056.13 11,279.09 974.27 81.98 12.92 16.84 6.67 10.62 8.64 7.49 9.84 Ounces. 86.83 22.53 30.77 21.67 30.33 16.47 22.10 11.27 12.46 12.89 28.36 12.89 • 60.27 109.67 80.85 82.93 99.69 9L52 63.16 69.30 47.70 6.45 3.43 1,888.00 2,671.60 1,193.60 1,048.00 893.60 3,715.60 1,056.00 522.80 1,833.20 176.00 191.20 175.20 184.80 804.80 858.00 826.60 616.40 460.40 1,884.40 742.00. 1,671.20 1, 509.94 6,144.26 9,482.00 11,726.31 1,Oil.12 33.86 18.25 17.28 6.88 10.85 8.84 7.64 10.05 Per Ounces. 1.63 .45 .76 .49 .70 .46 .43 .62 .48 .81 2.00 .84 3.64 6.86 6.65 5.55 6.77 6.31 4.58 4.57 3.81 .44 .30 62.68 116.45 46.06 42.73 83.46 155.75 41.06 21.17 51.27 7.10 8.46 7.81 7.36 18.28 15.72 12.68 21.88 19.06 56.76 81.10 69.96 69.69 232.59. 375.87 447.22 36.85 L48 .83 .44 .16 .28 .20 .15 .21 cent. 4.48 2.00 2.47 2.26 2.81 2.79 L95 5.50 3.85 6.28 7.05 6.62 7.23 6.26 6.09 6.69 6.79 6.89 7.25 7.71 7.99 6.82 8.75 3.80 4.36 3.86 4.08 3.74 4.19 8.89 4.05 8.85 4.04 4.43 4.45 3.98 4.36 4.39 3.88 4.18 4.18 4.09 4.19 8.59 3.95 8.79 8.99 3.81 3.64 4.29 2.49 2.55 2.84 2.12 2.26 1.96 2.09 Ounces. 866f 8661 866f 8661 859.875 859.875 859.375 859.375 859.375 859.875 859.375 • 859.375 859. 376 859.375 . 859.375 859.876 859.876 859.875 859.376 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 808.75 808.75 808.75 808.75 808.75 803.75 803.76 808.75 808.75 808.75 803.76 803.75 803.76 DIRECTOE 293 OF T H E MINT. UNCURRENT HALVES, SEPARATED BY YEARS—Continued. Weight. Face value. Year. Loss. Standard. Net. $10.50 24.50 28.00 89.00 538.00 162.50 468.50 352.50 203.50 90.50 96.60. 91.00 101.00 78.50 25.00 506.00 .50 .50 1.50 .50 1.50 1.60 .50 .50 2.00 1.50 1.50 LOO 2.50 7.50 80.00 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896. 1897 1898 : 1899 1900 1901 Undetermined 1803 1809 1810 1817 1818 1821. 1822 1824 1825 1826 1827 1828 1829 1812 t o 1829 1807 t o 1829 • Total 66,600. 00 • Ounces. 8.32 19.83 2L98 80.74 421.27 127.99 369.23 278.20 162.39 72.14 76.20 72.77 80.70 62.80 20.01 377.24 .48 .42 1.25 .48 L25 1.28 .42 .42 L68 1.28 L26 .84 . 2.14 6.87 25.94. 51,409.17 Abraison. Ounces. 8.44 19.69 22.51 3L35 428.40 180.61 376.56 283.32 163.56 72.74 76.76 73.14 81.18 63.09 20.09 404.80 .43 .43 1.80 .43 L80 1.80 .43 .48 1.73 L30 1.30, .87 2.17 6.50 26.01 Ounces. 0.12 .36 .63 .61 7.13 2.62 7.83 5.12 1.17 .60 .56 .37 .48 .29 .08 27.56 P e r cent. L42 L88 2.35 1.95 L66 2.01 L95 L81 .72 .83 • .78 .51 .59 .46 .40 6.81 .01 .05 . 2.30 3.80 .05 .02 .01 .01 .05 .02 .04 .03 .03 .13 .07 3.80 L50 2.30 2.-30 2.90 1.50 8.10 3.40 1.40 2.00 2.70 63,499.24 2,090.07 Standard w e i g h t df $1,000. Ounces. 803.75 803.75 808.75 803.75 808.75 808.75 808.75 803.75 803.75 808.75 803.75 808.75 803.75 803.75 808.75 803.75 866| 8661 866f 8661 866t 8661 8661 866f 8661 866f 8661 8661 8661 8661 866| UNCURRENT QUARTERS, SEPARATED BY YEARS. Weights. Years. Loss. Face value. Net. 1825 1880 1831 1832 1838 1834 1836 1836 1837 1838 1839 1840 1841 1842 1848 1844 1845 1846 1847 1848 1849 1850 1851 1852 1853 1854 1856 1856 1867 1858 1859 I860 1861 1862 1863 * .• Standard. $0.50 .25 2.00 .75 1.00 8.25 3.50 L76 Ounces. 0.40 .20 1.62 .61 .81 2.65 2.76 1.37 Ounces. 0.48 .22 L73 .B6 .87 2.82 8.08 1.52 8.60 9.60 14.25 16.50 22.00 28.50 32.25 26.50 14.00 24.50 4.00 15.75 18.50 28.75 6.76 2,752.75 2,633.00 281.60 1,501.25 1,888.00 1,477.25 299.25 230.25 1,019.75 198.00 20.75 6.62 7.25 10.86 12.66 16.37 17.97 24.73 20. 80 10.71 18.86 8.07 12.11 14.22 2L39 5.10 2,060.79 1,959.76 212.90 1,122.71 1,380.09 1,109.16 225.78 173.55 764. 37 144.94 15.83 7.30 8.16 12.25 14.18 18.91 20.20 27.71 22.77 12.03 2L06 3.43 13.64 15.90 24.71 6.80 2,202.20 2,106.40 225.20 1,201.00 1,470.40 1,181.80 239.40 • 184.20 815.80 164.40, 16.60 Abrasion. Per cent. Ounces. 6.97 0.08 9.09 .02 6.35. .11 6.15 .04 6.89 .06 9.57 .27 8.91 .27 9.87 .15 .68 .91 1.89 1.52 2.54 2.28 2.98 2.47 1.32 2.20 .86 1.43 1.68 3.82 .70 141.41 146. 64 12.80 78.29 90.81 72.64 13.62 10.65 51.48 9.46 • .77 9.3i 11.15 n.85 10.72 13.43 1L04 10. 75 10.85 10.97 10.45 10.50 10.56 10.57 13.44 12.69 6.42 6.96 6.46 6.68 6.14 6.15 5.69 6.78 6.30 6.18 4.64 Standard w e i g h t of $1,000. Ounces. 866f 866f 8661 8661 8661 8661 866f 866f 866f 859.376 859.875 859.875 859.375 859.875 • 859. 375 859.875 859.375 859.375 859.375 859.875 869.376 859.375 859.875 859.875 800 800 800 800 800 800 800 , 800 800 800 800 294 REPORT ON THE FINAKCEJ=. UNCURRENT QUARTERS, SEPARATED BY YEARs^Continued. Weights. -Loss. Net. 1864 . 1865 1866 1867 1868 1869 1870 1871 1872 1873 1874 1876 1876 1877 1878 1879 1880 1881 1882 1883 1884 1886 1886 1887 • 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 " 1898 1899 1900 1901 Undetermined i Face value. Years. ' . . : Total .. . .. . $18.50 11.75 6.25 10.00 19.25 21.75 8L75 56.75 101.25 766.50 429.00 2,607.25 13,029.50 11,183.50 1,680.75 9.00 9.50 8.75 6.60 13.50 6.50 18.00 6.00 18.00 488.76 18.75 108.75 6,130.50 • 666.76 898.50 289.00 207.76 137.00 148.25 190. 50 . 182.50 155.76 288.00 8, on. 75 55,000,00 At^rasion. Standard. Ounces. 10.20 8.91 4.62 . 7.98 14.62 16.37 24.48 42.41 76.77 677.88 324.65 1,963.65 9,790.08 8.428.87 1,271.48 6.77 7.21 6.72 4.99 10.26 4.97 13.87 8.87 9.97 379.10 14.60 84.48 4,778.55 516.26 306.02 226.80 163.27 108.28 117.48 151.71 146.71 124.87 230.68 2,159.25 Ounces. 10.80 9.40 6.00 8.00 15.40 17.40 26.40 44.60 81.00 613.20 844.81 2,095.58 10,472.46 8,988.74 1,360.90 7.23 7.63 7.08 6.22 10.85 5.22 14.47 4.02 10.45 892.88 16.07 87.41 4,927.39 535.90 316.28 232.28 166.98 110.11 119.16 158.11 146.68 125.18 281.48 2,420.69 41,520.73 44.171.98 a N o a b r a s i o n ; .03 o u n c e heav^ Per Ounces. 0.60 .49 .38 .07 .88 L03 .92 2.19 4.28 85.82 20.26 131.93 682. 43 659.87 79.42 .46 .42 .81 .28 .59 .25 .60 .15 .48 18 78 .47 2.98 148.84 19.64 10.26 6.48 . 3.71 1.83 1.68 1.40 '"^ . 3 1 .80 261.44 cent. 6.56 5.21 7.60 .88 5. 71 5.95 3.62 4.91 5.22 5.76 5.88. 6.80 6.52 6.23 5.88 6.86 5.50 4.41 4.41 6.44 4.79 4.15 3.73 4.59 3.60 8.12 8.41 3.08 8.66 3.25 2.79 2.22 1.66 1.41 .91 .25 .35 10.80 Standard w e i g h t of . $1,000. Ounces. 800 800 800 800 800 800 800 800 800 800 803.76 803 75 808.75 808.75 803.75 808.75 803. 75 808.75 808. 75 808.76 808 75 803.76 803 75 803. 76 803 75 803.75 808. 75 803.75 808 75 803.75 803 75 803. 75 803. 75 808. 75• 808.75 808.75 803.75 808.75 803 75 2,651.28 ' • UNCURRENT DIMES, SEPARATED BY YEARS. Weights. Year. 1830. 1831. 1832. 1888. 1834. 1835. 1886. 18371888. 1889. 1840. 1841. 1842. 1843. 1844. 1845 . 1846. 1847. 1848. 1849. 1850. 1851. 1862. 1853 . 1864. Face value, $0.70 .40 1.20 2.00 2.20 2.40 8.40 • 37.00 30.30 28.90 63.20 58.60 29.10 5.20 42.90 1.30 10.10 12.70 38.00 69.00 42.70 66.70 668.80 804.00 Loss. Net. Standard. Abrasion. Ounces. Ounces. Ounces. 0.54 .29 .91 1.62 1.66 1.78 6.19 27.78 22.88 17.94 47.99 . 44.52 22.16 3.84 32.59 .96 7.54 9.50 28.66 52.86 82.57 50.24 477.00 215.60 0.61 .34 1.04 1.78 L90 2.08 7.28 31.80 26.04 20.64 64.31 50.86 25.01 4.47 86.87 1.12 8.68 10.91 38.66 59.30 36.69 57.82 584.64 248.20 0.07 .05 .18 .21 .24 .80 . 1.09 4.07 3.16 2.60 6.32 5.84 2.85 .68 4.28 .16 1.14 1.41 5.00 6.44 4.12 7.08 57.64 27.60 P e r cent. 11.47 14.80 12.50 12.14 12.63 14.84 14. 97 12.79 12.14 12.66 1L64 11.59 11.89 14.09 11.61 14.29 13.13 12.92 14.88 10.86 11.20 12.35 10.78' 11.12 Standard weight of $1,000. Ounces. •8661 862| 862§ 862f 862f 862| 862| 8621 859.875 859.375 859.875 859.375 869.375 869.876 859.875 859.375 859.375 869.875 859.8'75 869.8'75 859.3''5 859. 3''5 859.376 800 800 296 BlR:eOtOR OF T H E MINT. UNCURRENT DIMES, SEPARATED BY YEARS—Contiuued. Weights. Face value. Years. Loss. Net. 1855 1866 1857 . . . 1858 1859 I860.1861 1862 1868 • 1864 1865 1866 1867 1868 1869 1870 1871 1872 . 1873 1874 1876 1876... . 1877 1878 : 1879 1880 1881 1882 . . 1883 1884 . . . 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 .1900 1901 Undetermined . .. .. . .. .. ... . ... Total Standard. $72.50 830.60 871.40 118.00 66.80 29.90 108.60 50.40 5.10 8.00 4.40 8.60 4.70 46.10 30.30 84.80 112.30 255.60 438.00 855.20 2,359.60 2,631.60 1,946.30 200.10 6.60 58.20 9.70 653. 80 1,885.40 802.20 636 00 1,604.50 4,094.80 2,167.70 2,795.40 4,213.40 8,861.40 862.00 314.30 89.70 54.50 57.00 157.80 179.70 186.20 127.20 7L30 1,997.10 Ounces. 58.78 235.82 266.76 86.76 48.00 22.35 76.04 37.29 3.77 6.95 3.24 2.55 3.46 84.22 22.45 25.83 82.68 184. 53 319.66 268.63 1,714.34 1,832.45 1,417.06 146.51 4.91 38.86 7.27 482.21 1,029.89 599.79 478.46 1,207.73 3,091.16 1,642.61 2,138.96 3,227.16 6,817.62 658.08 241.46 69.22 42.36 44.36 123.98 141.82 147.85 101.43 57.20 1,361.80 Ounces. 58.00 264.48 297.12 94.40 62.24 23.92 82.88 40.82 4.08 6.40 8.62 2.80 3.76 36.88 24.24 27.84 90.64 204.48 350.40 286.49 1,896.63 2,034.77 1,668.58 160.83 5.30 42.76 7.80 525.49 1.113.52 644.77 611.18 1,289.62 3,290.79 1,742.29 2,246.82 8,386.62 7,122.85 692.83 252.62 72.10 43.80 • 45.81 126.83 144.48 149.66 102.24 57.81 1,605.17 42,877.00 31,741.64 84,081.66 Abrasion. P e r cent. Ounces. 7.28 4.22 10.84 28.66 10.22 30.36 • 9.16 8.64 8.12 4.24 6.56 L67 • 8.25 6.84 7.51 3.08 7.59 .81 7; 03 .45 10.49 .88 8.98. .25 8.00 .30 7.21 2.66 7.88 1.79 7.22 2.01 8.78 7.96 9.27 19.95 8.77 30.74 9.41 26.86 9.61 182.29 9.94 202.32 9.87 146.47 8.90 14.82 7.86 .39 9.12 3.90 6.79 .53 8.24 48.28 7.50 88.63 6.96 44.98 6.40 32.72 6.84 81.89 6.07 199.68 5.72 99.68 6.02 112.86 4.71 159.36 4.28 304.83 5.02 34.80 2.04 11.16 3.99 2.88 3.29 1.44 3.17 L46 2.25 2.85 L81 2.61 1.21 1.81 .79 .81 .19 .11 15.16 243.37 Standard w e i g h t of $1,000. Ounces. 800 800 800 800 800 800 800 800 800 800 800" 800 800 800 800 800 800 800 ^ • 800 803.75 803.76 808.75 808.75 803.75 803.75 803.75 803.75 803.75 803.75 803.75 803.75 808.75 803.75 803.75 808.76 803.75 803.76 808.75 808.75 803.75 808.75 808.75 803.75 803.76 803.75 808.76 803.75 803.75 2,840.02 The result of a similar investigation at New Orleans was as follows: UNCURRENT HALVES, SEPARATED BY YEARS. Weights. Year. ' Loss. Face value. standard. 1806 1807 1808 1809 1810 1811 1812 1813 1814 1815 1816 1817 . 1818 1819 1820 . . . • Net. Abrasion. $0.50 .50 2.00 LOO LOO LOO 1.50 LOO 2.00 Ounces. 0.43 .48 L78 .86 .86 .86 L29 .86 L73 Ounces. 0.42 .42 L72 .83 .85 .88 L23 .82 1.68 Ounces. 0.01 .01 .01 .08 .01 .03 .06 .04 .05 P e r cent. 2.325 2.325 .678 3.488 L162 3.488 4.651 4.651 2.890 1.00 2.60 3.00 .50 .86 2.16 2.59 .43 .88 2.08 2.49 .42 .08 .08 .10 .01 3.488 3.703 8.861 2.826 standard weight of $1,000. Ounces. 866| 8661 866| 866§ 8661 8661 866| 866| 8661 866| 8661 8661 8661 8661 8661 296 REPORT ON T H E F I N A N C E S . UNCURRENT HALVES, SEPARATED BY YEARS—Continued. Weight. Face value, 1821 1822 1823 1824 1825 1826 1827 1828 1829 1830 1881 1832 1833 1834 1886 1836 1837 1888 1839 1840 1841 1842 1848 1844 1845 1846 1847 1848 1849 1850 1851 1852 1853 1854 1855 1856 1857 1858 1859 1860 1861 1862 1863 1864 1865 1866 1867 1868 1869 1870 1871 1872 1878 1874 1876 1876 1877 1878 .1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 $2.00 1.50 2.00 8.60 1.00 2.00 3.60 2.50 3.00 3.00 6.50 6.60 8.00 10.50 2.50 5.50 3.50 6.50 6.50 29.00 14.00 97.00 173.00 118.00 144.00 155.50 162.00 118.50 91.00 104.00 12.00 3.60 345.00 773.50 084. 50 041.00 543.00 289.00 043.00 056.50 712.50 444.00 498.00 401.50 432.00 723. 50 844.50 819.00 265. 50 206.00 029.50 547.50 579.00 245.00 202.50 217.50 718.50 125.50 7.50 13.00 28.00 11.00 23.00 18.50 41.00 8.00 8.50 20.00 26.00 29.50 506.50 99.00 226.50 246.00 132.50 78.00 66.50 76.50 115.00 125.00 standard. Ounces. 1.73 , 1.29 1.78 3.08 .86 1.78 3.03 2.16 2.59 2.59 4.76 5.63 2.59 9.09 2.16. 4.76 8.00 5.58 5.58 24.92 12.03 88.85 148. 67 101.40 123:75 133.63 189.21 101.88 78.20 89.37 10.31 3.00 1,876.00 3,818.80 1,667.60 1,682.80 1,284.40 6,791.20 1,684.40 845.20 2,170.00 355.20 394.40 321.20 345.60 578.80 675.60 655.20 1,012.40 964.80 2,428.60 1,238.00 2,876.62 2,608.16 9,807.75 15,446.06 18,259.99 1,708.37 6.02 10.44 22.50 8.84 18.48 10.85 82.95 6.43 6.88 16.07 20.89 23.71 407.09 79.57 182.04 196. 91 106.49 58.67 58. 44 60.68 92.48 100.46 Net. Ounces. 1.68 1.26 1.68 2.94 .84 1.68 2.96 2.11 2.52 2.52 4.63 5.48 2.52 8.88 2.11 4.68 2.91 5.88 5.86 28. 91 11.49 79.72 141.95 96.84 118.01 127.77 182.91 96. 92 74.90 82.24 9.61 2.66 1,786.85 3,622.42 1,590.19 1.558.81 1.175.82 5,508.89 1,567.41 804.75 2,070.69 836.66 372.81 808.73 827.76 549.28 640.96 620.74 968.10 917. 08 2,808.82 1,179. 99 2,742.18 2,498.91 9, 374. 25 14,750.52 17,473.52 1,631.58 5.88 9.98 21.63 8.58 17.79 10.48 31.43 6.24 6.58 15.63 20.32 28.15 397.95 77.22 177.10 192.45 104.84 57. 77 52.72 60.03 91.74 100.10 Abrasion. P e r cent. Ounces. 2.890 0.05 2.325 .08 2.890 .05 2.970 .09 2.325 .02 2.890 .05 2.310 .07 2.314 .05 2.702 .07 2.702 .07 2.781 .13 2.664 .15 2.702 .07 2.310 .21 2.814 .05 8.781 .18 3.000 .09 3.584 .20 8.942 .22 - 4.052 1.01 4.488 .54 4.355 3.68 4.520 6.72 4.497 4.56 4.638 5.74 4.385 5.86 4.525 6.30 4.821 4.91 4.219 8.30 7.978 7.18 6.789 .70 11.888 .34 4.752 89.15 5.142 196.88 4.642 77.41 4.868 79.49 4.745 58.58 4.874 282.81 4.710 76.99 4.785 40.45 4.576 99.31 5.219 18.54 5.600 22.09 6.438 17.47 5.162 17.84 5.100 29.52 5.128 34.65 6.259 4.869 •34.46 4.951 49.30 4.735 47.77 4.685 114.78 4.675 58.01 4.880 184.49 4.419 114.25 4.508 433.50 4.307 695.54 4.494 786.47 3.156 76.79 4.406 .19 8.866 .46 3.506 .87 8.783 .81 8.410 .69 4.618 .37 2.954 1.52 3.660 .19 2.738 .25 2.728 .44 2.361 .67 2.245 .66 2.953 9.14 2.718 2.35 2.264 4.94 2.018 4.46 1.534 2.15 1.847 .90 1.071 .72 .746 .65 .858 ,69 .36 Standard weight of $1,000. Ounces. . 866f 866f 8661 866f 8661 866i 866f 866f 8661 866f 866f 866t 8661 8661 8661 866f 859.375 859.876 859.375 859.875 859.375 859.375 859.876 859.875 859.375 859.375 859.376 859.875 859. 875 859.375 859.875 859.875 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 808.75 803.76 803.75 808.75 803.75 808.75 803. 75 803.75 808.75 808.75 803.75 803.75 808.75 808. 75 803.76 803.75 803.75 808.75 803.75 803. 75 803.76 803.76 803.75 808. 75 808.75 803. 76 803.75 808.75 BIRECTOR OF T H E MINT. 297 UNCURRENT HALVES, SEPARATED BY YEARS—Continued. Weights. Year. Loss. Face value. standard. 1901 1902 Columbian $89.00 .50 20.50 Total....: Undetermined 103,398.50 1,43L50 Total 104,830.00 Net. Abrasion. .Oimces. 3L34 .40 16.47 Oionces. 31.23 .40 16.30 Ounces. 0.11 Per cent. .350 .17 L032 88,040.80 79,269.14 1,038.39 8,771.66 standard weight of $1,000. Ounces. 803.75 808.75 803.75 80,307.53 UNCURRENT QUARTERS, SEPARATED BY YEARS. Weights. Year. 1881.. 1833.. 1835.. 1836.. 1837.. 1888.. 1839.. 1840.. 1841.1842.. 1848.. 1844.. 1845.. 1846.. 1847.. 1848.. 1849.. 1850.. 1851.. 1852.. 1863.. 1854.. 1856.. 1856.. 1857.. 1858.. 1859.. 1860.. 1861.. 1862.. 1868.. 1864.. 1866.. 1866.. 1867.. 1868.. 1869.. 1870.. 1871.. 1872.. 1873.. 1874.. 1875.. 1876.. 1877.. 1878.. 1879.. 1880.. 1881.. 1882.. 1888., 1884., 1885., 1886. 1887. 1888. 1889. .1890. 1891. 1892. Loss. Face value. standard. $0.25 . 26 • .75 .26 .50 6.75 6.75 19.25 2L.50 8). 25 2). 75 4). 60 23.75 15.25" 82.60 ).25 15.50 8L.75 7.60 15.25 8,199.50 8,194.25 204.50 1,640.75 2,059.26 1,656.60 318.25 281.. 25 1,208.26 216.00 29.25 16.00 16.26 6.75 13.25 27.75 23. 75 89.75 68.00 124.26 954.00 506.00 8,114.50 16,362.50 14,300.26 2,218.00 87.75 11.50 9.00 16.25 11.50 . 7.76 12.50 2.25 16.25 822.00 15.00 101.25 7,699.60 1 200.25 Ou7ices. }.21 .21 .64 .21 .42 6.80 6.80 16.54 18.47 25.99 22.12 39.96 2). 41 13.10 27.92 4.51 14.17 27.28 6.44 13.10 2,659.60 2,655.40 163.60 1,312.60 1,647.40 1,244.40 253.60 225.00 965.60 172.00 28.40 12.80 13.00 4.60 8.20 22.20 19.00 3L80 54.40 99.40 766.77 406.89 2,503.27 18,151.85 11,498.82 1,778.69 30.84 9.24 7.28 12.25 9.24 6.22 10.04 1.80 12.25 660.68 12.05 81.37 6,188.47 160.95 Net. Abrasion. P e r cent. Ounces. Ounces. 0.20 ).01 4 761 .16 .05 23 809 .06 9 376 .58 .04 19 047 .17 .07 16 666 .85 5.35 .46 7 758 5.41 .39 6 724 15.24 1.30 7 859 17.16 L31 7 092 24.31 1.68 6 464 20.74 1.88 6 288 36.93 8.08 7 582 18.99 L42 6 957 12.12 .98 7 480 25.84 2.08 7 449 4.13 .38 8 425 13.06 Lll 7 838 24.52 2.76 10 617 5.87 .67 8 850 1L.38 1.77 18 511 2,357.56 202.04 7 893 2,347.75 207.65 8 125 163.53 13.07 6 155 1,218.62 98.98 7.540 1,527.41 119.99 7.283 1,164.86 89.64 7.195 238.26 17.34 6 919 209.11 15.89 • 7 062 894.41 72.19 7 468 159.21 12.79 7 486 L81 21.59 7.735 L05 11.75 8.203 12.14 .86 6.615 4.19 .41 8.912 7.54 .66 8.048 20.33 L87 8.423 17.30 1.70 8.947 29.45 2.35 7 389 50.03 4.87 8.083 92.28 7.17 7.213 711.79 54.98 7.170 377.76 28.14 6.932 181.57 2,821.70 7.253 980.57 12,170.78 7.456 814'. 34 10,679.48 7.085 119.38 1,659.36 6.708 2.21 28.13 7.284 .60 8.64 6.498 .43 6.80 6.947 .91 11.34 7.428 .54 8.70 6.844 .86 6.86 6.787 .58 9.46 6.776 .10 L70 5.555 .72 11.58 5.877 27.20 688.48 4.117 .49 11.66 4.066 2.88 78.54 8.477 5,960.40 228.07 8.685 7.67 163.28 1 4.765 standard w e i g h t of $1,000. Ounces. 8661 8661 8661 8661 859.876 859.375 859.875 859.375 859.876 859.875 859.375 859.375 859.375 859.875 859.875 859.375 859.875 859.375 859.375 859.376 800 800 . 800 800 800 800 800. 800 800800 800 800 800 800 800 800 800 800 800 .800 803.75 808.75 808.75 808.75 803.75 808, 75 803.75 808.75 803.75 803.76 803.76 803. 75 808.76 808.75 808.75 803.75 803.75 803.75 803.75 808.75 298 REPORT ON THE FINAiSfCEB 1 •1 UNCURRENT QUARTERS, SEPARATED BY Y E A R S -"Continued. Weights. Year. 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 Face value. . . .. - Total.: . Undetermined Total Loss. Abrasion. standard. Net. $110.00 95.50 94.75. 50.25 . 71.75 66.25 72.00 83.25 19.25 L25 . Ounces. 88.41 76.75 76.15 40.88 67.66 53.24 57.87 66.91 15.47 LOO * Ounces. 85.45 74.08 78.92 39.86 56.56 52.43 57.09 66.49 15.41 1.00 Ounces. • 2.96 2.67 r 2.23 L02 • LIO .81 .78 .42 .06 61,618.25 7,556.50 49,485.06 46,131.80 5;368.58 3,853.26 69,169.75 P e r cent. 3.348 8.478 2.928 2.526 L907 1.521 1.347 .627 .387 standard w e i g h t of $1,000. Ounces. 803.75 803.75 803.75 803.75 803.75 803.76 803.76 803.76 808.75 803.75 61,495.83 UNCURRENT DIMES, SEPARATED BY YEARS Weights. Year. standard. 1814. 1820. 1821. 1823. 1824 . 1825. 1826. 1827 . 1828. 1829. 1830 . 1831 . 1832. 1883 . 1834. 1835. 18361887 . 1838. 1889. 1840. 1841 . 1842 . 1843. 1844. 1845. 1846. 1847 . 1848. 1849. 1850. 1861. 18521858. 1854. 1855 . 1856. 1857. 1858. 1859 . 1860. 1861. 1862. 1863. 1864. ' 1865 . 1866. 18671868. 18691870. 1871. 1872. 18731874. Standard weight of $1,000. Face value. Net. Abrasion. Ounces. 0.08 .17 .25 Ounces. 0.05 .10 .20 .05 .07 .07 Ounces. 0.08 .07 .05 .03 .01 .01 P e r cent. 37.500 41.175 20.000 37.500 12.500 12.500 1.10 .10 1.00 .30 .40 LIO 1.50 .90 8.50 2.40 6.70 80.10 21.90 21.70 50.90 54.30 21.10 2.20 82.90 .95 .08 .86 .25 .34 .95 1.29 .77 8.08 2.07 6.75 25.86 18.82 18.64 48.74 46.66 18.13 1.89 28.27 .84 .05 .70 .21 .25 .80 1.07 .63 2.59 1.76 4.92 22.36 16.37 16.45 38.49 40.98 15.92 1.44 24.54 .11 .08 .16 .04 .09 .15 .22 .14 .44 .31 .83 8.50 2. 45 2.19 5.25 • 5.73 2.21 .45 3.78 11.578 37.500 18. 604 16.000 26.470 15.789 17.054 18.181 14.521 14.975 14.434 13.534 18.018 11.748 12.002 12.280 12.140 23.809 18.194 6.90 9.90 28.70 52.80 37.80 46.10 525.20 219. 50 31.90 225.20 257.60 94.60 89.90 16.70 69.60 86.40 6.80 8.90 2.60 2.70 11.20 40.90 80.80 80.40 77.50 184.00 802.50 265.00 5.92 8.50 24.66 45.87 82.48 39.61 420.16 175.60 25.52 180.16 206.08 75.68 31.92 13.86 55.68 29.12 5.04 3.12 2.08 2.16 8.96 82.72 24. 64 24:32 62.00 147. 20 243.18 212.99 5.06 7.31 21.46 89.71 28.45 84.34 365. 94 153.17 22.80 157.19 181.98 66.50 28.27 . 12.02 49.54 25.95 4.46 2.76 L81 L90 7.98 28.61 21. 92 21.65 55.99 131.89 217.87 189.88 .86 L19 3.20 6.66 4.08 5.27 64.22 22.48 2.72 22.97 24.10 9.18 3.65 1.84 6.14 8.17 .58 .36 .27 .26 .98 4.11 2.72 2.67 6.01 15.81 25.76 28.11 14.527 14.000 12.976 12.475 12.407 13.304 12.904 12.773 10.658 12.749 11.694 12.130 11.484 10.029 11.027 10.885 11.507 11.588 12.980 12.037 10.937 12.561 11.038 10.978 9.693 10.740 10.595 10.850 $0.10 .20 .30 .10 .10 .10 Ounces. 866f 8661 8661 866f 866f 8661 8661 8661 866f 866f 8661 866f 8661 8661 866f 866t 8661 859.376 859.875 869.875 859.875 859.375 859.875 859.375 859.375 869.375 859.375 859.875 859.375 859.375 859.876 859.375 859.875 800 800 800 800 800 800 800 800 800 800 800 800 800 800 800 808.75 803.75 299 DIRECTOR OP T H E MINT. UNCURRENT DIMES, SEPARATED BY YEARS—Continued. Weights. Year. Face value. Loss. Net. standard. 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885. 1886 1887 1888 1889 . 1890 . . . .; 18911892 1893 1894 1895 . . 1896 1897 1898 1899 . . . : 1900 1901 . . ^ Total Undetermined $1,715.80 2,190.20 1,670.60 138.00 3.70 7.60 8.20 648.90 1,192.80 628.40 497.20 1,60L60 8,765.70 1,870.40 2,284.00 2,993.20 5,619.50 474.90 179.00 56.40 87.80 33.70 65.40 62.80 80.40 53.60 25.20 . Ounces. 1,379.07 1,760.87 1,342.74 110.91 2.97 6.10 2.57 521.65 958.71 605.07 399.62 1,206.91 3,018.64 1,603.38 1,835.76 2,405.78 4,516.67 881.70 148.87 45.83 30.38 27.08 52.56 50.47 64.62 43.08 20.25 Ounces. 1,280.68 1,561.19 1,198.91 100.22 2.62 5.50 2.80 473.47 873.83 462.62 868.29 1,113.44 2,795.88 1,898.24 1,717.40 2,263.86 4,268. 62 857.09 185. 52 42.59 28.70 25.58 50.60 49.06 68.07 42.61 20.11 Ounces. 148.44 199.18 143.83 10.69 .35 .60 .27 . 48.08 85.88 42.55 81.38 98.47 222.81 105.09 118.86 142.43 258.06 24.61 8.35 2.74 L68 1.60 2.06 1.41 1.55 .47 .14 30,701.60 4,188.40 24,693.38 22,721.96 2,841.40 1,971.42 Standard w e i g h t of $1,000. P e r cent. 10.763 11.314 10.711 9.688 11.784 9.836 10.605 9.218 8.905 8.424 7.839 7.744 7.381 6.990 6.447 5.920 5.602 6.447 6.808 6.044 5.529 5.539 8.919 • 2.793 2.398 1.090 .691 Ounces. 808.75 808 75 808.75 808 75 808. 75 808.75 803.75 803 75 803 75 803.75 808 75 803. 75 808.75 808.75 803 75 803.75 808 75 808.75 808 75 803.75 803 75 803.75 803.75 803.75 808.75 803.75 808.75 25,568. 36 34,890.00 Total Abrasion. UNCURRENT TWENTY-CENT PIECES, SEPARATED, COUNTED, AND W E I G H E D . Weights. Face value. Year. 1874 1875 1 1 $3-80 Standard. Abrasion. Loss. Net. Ounces. 8.05 Ounces. 2.90 Ounces. 0.15 P e r cent. 4.918 Standard weight of $1,000. Ounces. 808.75 UNCURRENT FIVE-CENT PIECES, SEPARATED, COUNTED, AND W E I G H E D . Weights. Face value. Year. 1884 1878 :::::::::} $16.45 Standard. Abrasion. Loss. Net. Ounces. 13.22 Ounces. 12.20 Ounces. 1.02 P e r cent. 7.715 Standard weight of$l,000. Ounces. 803.75 PERCENTAGE OF ABRASION OF SUBSIDIARY SILVER COINS, IN T E N - Y E A R PERIODS. Reported by Philadelphia. .Period. Half dollars. 1830-1839 1840-1849 1850-1859 1860-1869 1870-1879 1880-1889 1890-1899 P e r cent. 3.38 6.84 5.14 4.15 3.94 2.14 1.27 Quarter dollars. Dimes. P e r cent. 8.42 11.06 8.00 6.37 5.66 4.86 2.54 P e r cent. 13.08 12.82 10.19 7.89 8.86 6.81 8.17 Reported b y New Orleans. Half d o l l a r s . P e r cent. • 2.97 4.45 5.98 5.11 4.48 8.56 L92 Quarter dollars. P e r cent. 11.01 7.33 8.40 7.88 7.25 5.68 2.89 Dimes. P e r cent. 15.97 14.15 12.00 11.54 10.59 7.93 4.51 300 REPORT ON THE FINANCES. The investigation makes clear that the percentage of loss is greater on the smaller coins, but the comparatively small number of coins of dates earlier than 1850 that were examined makes the calculation for the earlier years of little value. COUNTERFEIT COINAGE. The difference betweiin the bullion and face value of the silver and minor coins offers a constant temptation to counterfeiters, and only the activity of the Secret Service prevents their operations from assuming important proportions. The necessity for secrecy is the chief obstacle the}^ have to encounter, for it prevents the use of an extensive plant or the best ec^uipment, but the persistency of their efforts is shown b}^ the numb(;r of counterfeiters detected each year and the prosecutions on this account. The total number of spurious pieces detected by the Treasury during the year at all its offices was as follows: One-cent pieces Five-cent pieces Ten-cent pieces. Twenty-five-cent pieces Fifty-cent pieces One-dollar pieces Gold coins r 96,995 2,596 4, 856 5,125 3,102 1, 803 11 -.-.... • This Avas a considerably less amount than was detected in the preceding 3^ear. The following table sliows the amount of silver coin received during each month of the year at the New York subtreasury on account of redemption and exchan^,^e and the amountof counterfeits detected in it: COUNTERFEIT SILVER COIN DETECTED AT THE N E W YORK SUBTREASURY FISCAL Y E A R 1901-2. Silver coin received. DURING THE Counterfeits detected. Month of— Dollars. I[alves. July August September October. -. November December. January... February . March April May June $682,476 608,086 460,668 609,261 545,838 498,716 501,913 338,871 437,524 337,755 478,015 468,887 $384,190 396,996 327,716 400,788 875,599 397,178 417,714 806,075 819,024 359,207 359,663 341,746 Total 5,718,010 4,385,896 BARS Quarters. $750,896 700,952 668,419 769, 683 783,493 797,114 757,595 574,272 616,090 680, 610 670,820 650,885 8,365,829 Dollars. $889,778 310,731 272,555 320, 288 260,616 298,481 810,277 247,426 258,767 288,816 266,200 268,168 Halves. Quarters. Dimes. $50.00 $77.00 65.00 41.00 62.50 37.00 52.00 44.00 57.50 38.00 54.50 40.00 63.50 49.00 46.00 83.00 43.00 • 77.00 57.50 96.00 . 54.00 4L00 27.00 32.00 $85.25 77.50 69.00 62.50 69.75 87.50 98.25 61.75 62.25 68.50 57.25 62.25 $33.90 26.30 19.90 22.90 29.70 40.70 42.20 29.70 27.30 87.20 30.10 20.10 646.60 861.76 859.00 8,435,953 686. 00 MANUFACTURED. During the fiscal 3^ear 1902 there were manufactured by the mints and assay oifices of the United States gold and silver bars of the value of $92,167,290.28, as follows: DIRECTOR OF THE MINT. 301 GOLD AND SILVER BARS MANUFACTURED DURING THE FISCAL Y E A R Standard ounces. Description. 4,733, 508.801 3,525,185. 63 Gold Silver 1902. Value. $88,065,260. 61 4,102,029.67 92,167,290.28 Total Tables will be found in the appendix showing in detail the character of bars manufactured at each institution during the year. WORK OF GOVERNMENT REFINERIES. There were received and operated upon by the refineries connected with the mints at Philadelphia, San Francisco, and New Orleans, and the assay office at New York during the fiscal year 1902 gold bullion containing 2,331,818.986 standard ounces and silver bullion containing 5,031,275.47 standard ounces, of the total coining value of $49,237,253.86, as shown by the following table: REFINERY OPERATIONS FISCAL Y E A R Silver. Gold. Institution. Philadelphia San Francisco New Orleans New York Total Standard ounces. 1902. Standard ounces. Value. Value. Total value. 608,185. 622 $11,815,081.84 " 984,578.184 18,817,732.72 7,222.190 134,366.82 781,838.040 13,616,498.42 1,281,047.51 $1,490,678.46 $12 805,754.80 495,901.56 677,049.08 18,894,781.80 155,522.27 18,180.90 21,155.95 3,236,145.50 3,765,696.67 17,881,194.99 2,381,818. 986 5,03L276.47 43,382,678.80 5,854,575.06 49,237,253.86 In order to show the amount of the above-mentioned silver bullion refined by the Government refineries on which amount charges were received and which was handled for parting purposes, the following table is submitted: SILVER BULLION ON WHICH CHARGES W E R E Silver bullion refined. Bullion on which charges were collected Silver owned by the Government returned to the refinery for parting purposes on which there were no charges Total San Philadelphia. Francisco. Stand, ozs. COLLECTED. New Orleans. Stand, ozs. Stand, ozs. New York. Total. Stand, ozs. Stand, ozs, 296,711.06 236,082.30 2,829.16 941,204.01 495,901.56 15,351.74 1,188,727.67 2,591,184.98 1,236,915.07 731,983.86 18,180.90 1,138,727.67 8,125,807.50 584,622.52 The figures given above represent the amount of silver received by the melter and refiner and charged to the refinery, but as it was used over and over, it does not represent the whole amount of silver used or sent to the refinery. 302 REPORT ON T H E F I N A N C E S . PURCHASE OF SILVER. The repeal on November 1, 1893, of the purchasing clause of the act of July 14,1890, limited the purchase of silver bullion to that contained in deposits of gold bullion fractions of silver deposited for return in fine bars, the amount retained in payment for charges on silver deposits, surplus bullion returned b}^ the operative pfficers at the close of the fiscal year, and uncurrent domestic silver coin. The following table shows the amount and cost of silver bullion purchased for the subsidiaiy silver coinage during the fiscal year ended June 30, 1902: SILVER PURCHASES FOR SUBSIDIARY COINAGE DURING THE FISCAL Y E A R 1902. standard ounces. Stock. Partings, charges, and fractions purchased Porto Rican coins redeemed and melted . . Melted domestic assay coins purchased . . . Mutilated doraestic coins purchased Surplus bullion purchased ,Total 632,089.75 194.81 766.98 1,725.16 80,681.96 $824,898. 57 148.60 908.42 870.89 15,705.36 665,408.16 342,526.74 QUANTITY AND COST OF SILVER PURCHASED FOR SUBSIDIARY COINAGE AT EACH M I N T AND AT THE N E W Y O R K A S S A Y O F P I C E DURING THE FiSCAL Y E A R 1902. Standard . ounces. Institution. Mint at Philadelphia Mint at San Francisco . . . Mint at New Orleans Assay office at New York Total Cost. 207,584.58 230,288.64 42,090.17 185,444.77 $106,550.03 121,324.30 20,919. 68 98,732.73 665,408.16 342,526.74 In the following table are shown the amount and cost of silver for the subsidiary coinage, the sources from which the metal was obtained, the coinage derived, and seigniorage on same during the fiscal year 1902: QUANTITY AND COST OF SILVER OBTAINED BY TRANSFER AND PURCHASE FOR SUBSIDIARY SiLA^ER COINAGE, AMOUNT AND COST USED IN COINAGE, COINAGE DERIVED THEREFROM, AND SEIGNIORAGE ON SAME, DURING THE FISCAL Y E A R ENDED J U N E 30,1902. Sources from w h i c h b u l lion w a s obtained. Standard ounces. Cost. Standard • ounces used in coinage. Cost. Coinage. Seigniorage. M I N T AT PHILADELPHIA. U n c u r r e n t coins t r a n s ferred from T r e a s u r y . . . 1,651,097.68 $2,054,242.83 712,122.50 $886,000,00 $886,000.00 A m o u n t t r a n s f e r r e d from a c t o f J u l y 14,1890 2,801,872.60 2,281,606.93 2,801,872.50 2,281,606.98 8,486,000.00 $1,204,393.07 Porto Rican c o i n s r e 194.31 148.50 1,696,079.89 1,282,462.63 2,110,208.25 827,745.72 deemed a n d melted — Partings, charges, a n d 186,'950.78 94,808."04 fractions purchased Melted assay coins pur766.98 908.42 I chased . . 546.55 305.28 680.00 874.72 M u t i l a t e d c oi n s p u r 662.14 1,281.27 chased 18,391.24 10,032.93 Surplus bullion purchased. Total:..:::..;. 4,660,664.76 4,442,399.79 5,210,621.44 4,450,374.74 6,482,888.26 2,082,513.51 1= 303 BIKECTOB OF T H E MINT. QUANTITY AND COST OF S I L V E R O B T A I N E D BY T R A N S F E R AND P U R C H A S E FOR SUBSIDIARY SILVER C O I N A G E — C o n t i n u e d . Sources from which bullion was obtained. Standard ounces. Cost. Standard ounces used in coinage. Seigniorage. Coinage. Cost. M I N T A T S A N FRANCISCO. Uncurrent coins t r a n s ferred from Treasury Amount transferred from act of July 14,1890 Partings, c h arges, a n d fractions purchased Mutilated c o i n s p u r chased Surplus bullion purchased. $209,681.20 $130,312.00 168,581.28 $209,681.20 489,488.75 • 898,598.48 489,483.75 398,593.48 609,000.00 $210,406.52 150.60 L 224. 02 • 71.04 • 528,867.50 604.75 287,9.02.37 658,000.00 370,097. 68 824,510. 67 650,229. 78 1,186,882.53 896,177.05 1,476,681.20 580,504.15 Uncurrent coins t r a n s 956,998.21 ferred from Treasury . . . 769,183.30 Uncurrent coins t r a n s 858,000.00 I 685,598.75 853,000.00 ferred from m i n t a t . 321,500.00 Philadelphia 400,000.00 Amount transferred from act of July 14,1890 1,527,928.75 1,244,215.24 1,527,928.75 1,244,215.24 1,901,000.00 Partings, charges, a n d 20,765.82 fractions purchased 41,783.51 Mutilated c o i n s p u r 147.71 293.29 chased 13.37 6.15 Surplus bullion purchased. 656,784.76 2,660,702.22 2,622,128.18 2,218,527.50 2,097,215.24 2,754,000.00 656,784.76 Total 104,788.28 228,914.02