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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
919,760.88
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

"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

599,431.34
1,053,652.42
849,750.51

91,395.58
$404,322.68

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. O
Q
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 A ^s $71,283,129, and of the higher only
Aa
$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 A ^s unusual activity in the movement of silver and minor
Aa
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.

$225,000
200,000

Capital.

5 2,150,000
500,000
1
50,000
1

125,000

13 3,125,000

50,000

7

730,000

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
Ohio
Indiana
Illinois
Michisran
Wisconsin — . . . .
Minnesota
Iowa
Missouri

$12,000
10,000
25,000

46 6,095,000
945,000
20
133 11,322,000
50,000
2
18 1,032,000

5

N e w York
NewJersey
Pennsylvania
Delaware

Banks
capital,
-$50,000.

18 3,250,000

23 5,510,000
•625,000
8
72 9,740,000

1

2 1

' Total New England S t a t e s . . . .

36
24
49
4
13
62
49
9

990,000
645,000
1,300,000
110,000
330,000
1,570.000

i,;mooo

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,
$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, (O
JO
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

25,000

21

545,000

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

•80,000

1

Total P a c i f i c
States
Total U n i t e d
States

4
2

No.

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

Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii

Capital.

585,000
23
320,000
12
61 1,582,000
2
50,000
11
302,000

Maine
N e w Hampshire..

Total Eastern
States

No.

Bonds deposited.

805 21,099,500




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,
1,748,
25!
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 A ere $6,612,700,
V
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—

Increase (+)
or decrease
( - ) in 1902,
compared
with 1901.

1899.

Total
P e r cent dutiable —

Gold
Silver.

Exports:
MerchandiseDomestic . . . :
Foreign

."

1901.

1902.

$300,279,810
396,868,679

Imports:
MerchandiseFree
Dutiable

1900.

$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 A ^s first
Aa
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 A ^s given special
Aa
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

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

5,524,218

24,273

5,797,902

16,469
174

"

I.

16,741
25
2,387
64
3,253
1,584
2^,057

•.

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
Wood
Iron and steel

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
O V issue, no objection can appropriately be urged against requiring
AU
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 A ^s given to such institutions as mainAa
tained 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)

CC

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)

O

l a n d 2 years 1 and 2 years 5 | and 6 per
cent,
from date.
1 year

1 year
date.

from

W

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

( « )

•

.

W
fel

H

(a)
950.00

CD

d
10,000,000.00

5,000,000.00

20,000.00

20.000,000.00

20,000,000.00

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

s

2,000.00
5,000.00

15 years

J a n . l , 1874.... 5 per cent... Av. pre.
of 3^^^

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.

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.

Price
atwhich
sold.

6 per cent...

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 .

Aug. 19 and
Oct. 1, 1864.

Par.

$15.050.00

1,600.00

hj
O

U

Ondemand...

3 years.

$250,000,000.00 $189,321,350.00

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).




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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,

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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).

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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..

Acts of June 30, 1864 (13 Statutes, 218); January 28, 1865 (18 Statutes,
425), and March 3, 1865 (13 Statutes, 468).




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31,215.00

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

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.

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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

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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

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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

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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




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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.

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$1,500,000,000

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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

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$64,150.00

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(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.




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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

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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 .

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L 30,500,000,00

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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

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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,

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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

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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.




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Indefinite .. Convertiblein- 4 per cent..
to 4 per cent
bonds.

Par

No limit

40,012,750,00.

31,980.00

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Indefinite .

At pleasure of
the Government.

3i per cent . Par

550.00

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Par

Indefinite ., At pleasure of
the Government.

2 per cent..

Indefinite .. At pleasure of
the Govemment.

3 per cent. . Par

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25,364,500.00

153,700.00

200.00

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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.

Amount outstanding.

$100,000,000.00

5 p e r c e n t . . . tr 117.228
117.077

Amount issued.

$19,410,850.00

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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

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After Aug. 1, 8 per cent..,
1908.

$400,000,000.00

198, 792,640,00

97,515,660.00

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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

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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

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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

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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

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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.

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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,

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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

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^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

1,000.00

50.00

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

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

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 .

..

.

.

.

$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
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8,691,000.00

.

$1,621,000.00
70,000.00
1,051; 000.00
465,000.00
.
461,000.00
4,718,000.00
. 305,000.00

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

of
of
of
of

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

:
•

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

Total

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
:
.
•




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J U N E 30, 1871. 1862
.
M a r c h , 1864 .'.
June,.1864
1865 .'
.

fa

.
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'

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

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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.

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.

Year ehded—

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,

1,421,700,00
2,020,550,00
1,247,250.00
3,393,650.00
4,051,000.00
802,800,00

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

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

Total

161,219.79
218,457.89
135,577.95
360,964.62
432,848,18
86,505,62

12,936,450.00

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

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




•...
•

..
..

.

...

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JUNE 30, 1878.

Five-twenties of 1862
Five-twenties of June, 1864
Five-twenties of 1865
Consols, 1865
Consols, 1867
Consols, 1868

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

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

Total

17,900.00
15,900.00
2,350.00
23,600.00
5,700.00
8,500.00

78,950,00

,

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.
,
,

,

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

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
,

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

1,061,248.78

75,482,598,78

2,935,731.65

707,428.60

fa
Q
fed
fa

>

fed
Kj'

o
fa.
H'
ttfa-

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

OO

2,228,308,05

H'
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—

00
00

P r e m i u m paid.

N e t cost i n
currency.

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 . .

. 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

Total

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
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45,588,150.00

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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

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

Total

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

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

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

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

44,531,350.00

Total

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

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

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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

' . . . . . . . .

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




$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

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

Total

$4,050,00
1,000,00
3,000.00
• 12,136,750.00
27,695, 600.00

44,001,750.00

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

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
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fed

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izi

m

fa
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M

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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
,

Loan of
Loan of
Funded
Funded
Loan of
Funded

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

7,505.47

2,304.05

5,201.42

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

Total

6,00
630.00
158.83
359.38
73.00
6,278.81

7,400,00
3,000.00
3,100.00
2,500.00
7,350.00
96,200.00

JUNE 30, 1895,
July and August, 1861
1868
loan of 1881
loan of 1881, continued at 3i per cent
1882
loan of 1891

100.00
18,000,00
1,000.00
15,400.00
4,400.00
176,000.00

'214,900.00'

Total

100. 00
18,000.00
1,000.00
15,400.00
4,400.00
176,000.00

.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

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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

$2,277.00
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

'.

$2,800.00
500.00
1,100.00
500.00
5,100.00
17,550.00
27, 050.00
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,
,076.00
11 858, (
i
22; 337,,571.00
,408.00
22, 937,'
766,1
1,925.00
27,
57, 281,, 412,00
,225,00
45, 877,!
,657,00
45; 051,1
543,^
,492.00
89,
47, 709,,017.00
(
44, 194,,919.00
<
,1
48, 184,: U . 0 0
,862.00
68, 044,1
,668.00
59, 742, (
026,00
• 69, 571,, {
,708,00
67 795,'
,270.00
74 185,:
, 977,00
69 070, <
,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
(
^ 285.00
877, 340, i
i,
322, 865, i278.00
,56i,00
309, 653,1
292, 177,,188,00,963,00
277, 517,'
,245,00
290, 845,5
873.00
302, 638,, {
,393.00
274, 623,1
,085.00
265, 101,1
,475,00
241 334,'
,327,00
236 964,.'
,884.00
166 947, J
,958.00
267 642,'
{
260; 712,,888,00
257, 981,, 440,00
265, 408,, 138.00
244, 126 ,244,00
,985.00
260, 226;
.,
242, 483, 138,00
267 932,,179.00'
a 267; 924,,801.00
&299, 288,,978.00
1,710.00
c318, 040,
-,
d365, 773, 905.85
345. 023 ,330,58
883 477:,954.49
V279.88
367 525;
856; 195,,298.29
352, 179,,446.08
365, 774 ,159.57
443, 368;,582.80
:,179.-85
605, 072;
487. 713,,791.71
509, 967,,353.15
',857,64
471 190,

$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,
Revenues, sive of exclupostal,
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

Available Legal-tender
Legal-tender
Net gold
cash balance,
notes
notes
in Treasury. including
redeemed
in Treasury.
in gold.
net gold.

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

$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

Imports of
gold.

Exports of
gold.

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

$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

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

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

$1,571,725
909,249
952,776
699,773
1,339,883
2,503,302
7,976,698

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

CO
<Ji

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

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
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

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

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

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

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

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

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

29,562,990
26,573,554
20,894,873
16,172,172
9,625,683
11,739,575

a Excess of expenditures.

119,048,061
122,465,717
130,514,382
134,670.790
138,015; 071
141,688,482

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

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

100,000
120,000

fed
Kl

fa

22,831,317
2,283,103
2,758,300
1,477,672
2,451,402
8,192,904
2,231,799

fa
O
fed
fa

380,000
30,000

169,106
175,619
77,350
192,533
443,529
220,557

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




ExpendiRevenues, tures, excluexclusive of sive of postal,
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

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
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

$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

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

Legal-tender
notes
redeemed
in gold.

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

Available
Legal-tender
Net gold cash balance,
notes
in Treasury. including
in Treasury.
net gold.

767, 293
064,261
971,026
872,905
881,164
757,702
737,858
971, 994
076,168
871,590
751, 724
510,620

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
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
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
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

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

105,344,496

37,999,466
33,906,909
36,783,335
39,222,174
28,678,675
31,106,165

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

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

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

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

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

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
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fa

S
O
fa

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fa
fed
fa

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TABLE I.—STATEMENT SHOWING THE REVENUES AND EXPENDITURES OP THE GOVERNMENT BY MONTHS, ETC.—Continued.
Expenditures,
Revenues, sive or exclupostal
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
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
383,477,955

2, 841,674

Exports of
gold.

$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.

$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

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

3^5,819,629

$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.

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
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fa

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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
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

"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
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

:

1
;

,.

July
August
September
October
November
December




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

" 25,203,246

29,029,209
1 25,562,097
24,584,245
26,282,830
1 25,210,696
' 25,857,114

t

Total for 12 months

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

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

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.

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

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
84,842,150

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

"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

Total for 12 months
July
August
September
October
November
December
1895—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

"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

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

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

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

" 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

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'
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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

$24,316,994
24,400,997
86,217,662
37,812,135
29,797, 391
36,584,708

:

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.

$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
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
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

Exports of
gold.

$442,355
353,147
575,205
0, 631,216
9,468,471
7,625,808

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

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

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

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

$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
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

$48,509,678
41,425,059
50,593,846
53,480,538
61,188,187
67,929,521

"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

Imports of
gold.

78,201,914

$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

"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

Available Legal-tender
Legal-tender
Net gold
cash balance,
notes
notes
in Treasury,
including
redemed
in Treasury.
net gold.
in gold.

o

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

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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

"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

•

Total for 12 months.

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
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
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

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

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

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

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

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

91,287,876

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

2,895,469
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

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,

„

,

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.




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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 • 20
098 713.45
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
Dividends. Net ordinary Interest. Premiums. [from loans and] Gross receipts. UnavailTreasury
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, 170.80
,900,496.
78,675.00
200,000.00
12,546, 813.8l|
, 546,813.
5,000,000.00
12,418, 978.34
, 848,749.
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, 212.79
' 381,212.
,
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
13
5,042.46
. 81 399.24
23 475.68
?,
68 673.22
113,: 563.98
,
100 843,71
62
1,396.58
92 256.97
16, 470.09
i,
104 845,33
20, 302.19
),
95 444.03
31.22
64 130.73
),000.00
73 533.87
9,
1,000.00
85 440.39
94
),
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
5,
82 576.04
213 575.00
J,
87 833.54
337 508.84
J,
83, 744.16
177 625.00
75 043.88
151 , 875. OC
J,
91 402.10
277 845.00
J,
86 989.91
167 358.28
^
90 164.36
167 394.86
),
. 9 656.06
6
530, 750.00
,
188 804.15
274,: 512.16
297, 374.43
),
319, 463.71
),
890 719.90
505, 704.27
5,181.39
2,415 939.85
463,
),
8,208 376.81
815, 750.01
242, 817.25
1,005.44
477
),007,41
1,948, 199.40
575;
1,780 588.52
380,1,781.82
1,499 326.59
),
429 987.90
1,308, 810.57
72^: ,106.44
J
1,556 598.83
743; , 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
1,036.19
4,348:
t,
2,156,057.29
5,504: 191.34
3,142 750.51
i,
2,528: 917.28
.
2,603, 562.17
2,331 , 794.86
t,
2,388, 434.51
2,614: 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
.,296.8],
1,252;
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
.,032,70
1,0'78,513.86
3,162,
4,985,478.90
),975.97
2,629,

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.

Year. N e t ordinary ex- P r e m i u m s .
penditures.

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
,044,358.40
25,
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
56, 386,422.74
478. 54|
12,804,
44, 604,718.26
3,656, 835.14
654, 912.71 . 48:476,104. 31
46, 712,60S. 83
2,152, 293.05|
54: 577,061.74
6,412, 574.01
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.

War.

Navy.

Indians,

$1,080,690,400.06 $122,617,434.07
. 283,154,676.06| 43,285,662.00

1865
1866

$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
:

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

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

Total

$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
8,962,332.22

$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

1,849

"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 .
DocuEntries ments
of m e r - i s s u e d
Coast- . c h a n - to veswise,
dise.
sels.

Foreign.

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
Cuyahoga
FRASER ( C l e v e l a n d ) , Ohio
Delaware (Wilmington),Del

Digitized for


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




2,807

. 1,992

2,922

3,315
91

2,069

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

CJ
/

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.

Expenses.
Foreign.

$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

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

$121,404
89,961
80,750
180,899,401
83,504,730
479,193,885
8,429,831

$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

7,088,245

17,268.18

88,302. 25
98,292.58
19,780.07
288,364.48
107,609. 52

Domestic.

33,034
7,684
80
27,021
35,306
223,592
46,210

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

$0.099
.082
5
2 125.400
.142
7
4.479
5
.039
204
.104
4
.043
43
.019
2,234
51 . .162
^758

13,095,81

10,746,406

Average
n u m - Cost t o
b e r of c o l l e c t
persons
$1,
employed

204,885

'86,"i5i*396"

14,315,725
4,012,838
11,617
83,664,278

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

2,546,065.86

88,330.65
7,296,149,77

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

91,287,375,57

9,930,546.28

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

509,967, 353.15
14,649,572.95
652,446,126,28
1,077,063,052.38

Excess of receipts

969,627,041.28

69,426,253, 65

Total

471,190,857, 64
14,043,391,14
484,392,792.50

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.]

J u n e 29, 1901.

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

123,983,067.59
16,664.79

133,932,197,41
178,191.45

100,308,415,76

Total

167,928,254.18

100,010,493.95
297,921,81

In national-bank depositaries:
To credit of the Treasurer of the United States
To credit of disbursing officers

$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

:

• Total

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

123,999,632,38

134,110,888,86

260,448,993.04

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

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

Kind.

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

1901.

Total...

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

l o a n of 1907
1904
1925
1908-1918

Coupon.

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.

Loan of
1908-1918.

$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

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:

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

June 29,1901.

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

. 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

When payable.

June 80,1902.
$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

Rate.

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:

The

Total

Coupon.
$505,032,50
47,182.75

$2,331,776.00
2,229,708,75

4,009,268,60

Funded loan of 1907
Consols of 1930

Registered,
$1,826,742,60
2,182,^521.00

Loan.

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,

•:

Total

Coupon.

$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'

Loan of 1908-1918
Loan of 1904
Funded loan of 1925 .

Registered.

Total.

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,

Average
amount of
principal on
which interest
was prepaid.

WITH REBATE.

Interest,

Rebate.

Total

$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

Funded loan of 1907
Consols of 1930
Loan of 1904 '.
Loan of 1925 . . . . . .
Loan of 1908-1918

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'

76,645,100
6,132,100
8,030,950
440,000
4,962,800

• 75,000

515,000
96,725,450

75, oop

560,000

1,002,000

14,065,600 118,426,650

31,756,800

88,598,800
9,562,500
7,002,750
904,000
6,798,600

125,333,170

120,000

93,189,480

Total

7,984,60Q
473,000
8,100,800
488,000
1,934,200

20,988,800
8,903,400
2,072,600
952,000
3,770,600

88,881,600
15,448,350
8,282,7.50
2,076,450
9,642,020

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.

$3,627,600
1,000,000
4,166,000
896,600

410,000

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

350,000

14,114,100

Total

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 notes

'.
....

..

.

.

...

.

T o t a l certificates

1,192,594,589
540,185,200
97,183,762

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

709,571^014

733,353,107

40,213,080
7,439,388

306,399,009
446,557,662

47,652,418

Total metallic

632,394,289' »
68,747,349
85,721,228

23,782,093

..

United States notes
T r e a s u r y n o t e s of 1 8 9 0 . . .
National-bank notes

G o l d certificates
S i l v e r certificates

560,200,300
471,387,851
11,462,584
1,043,050,685

"

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

...

.
.

..

...

. . . . .

.
..

.

..
.^ .

1,875,009,917

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

^

793,790,518

3,041,934
47,722.13,468", 852

^

.

606,299,127.
- 468,010,664
6,909,608

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.]
Total stock of
money.

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

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

Date.

$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
e
a n d g o l d cer- a s td t e sr en o tu rsy b a n k n o t e s .
n T as
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

r
n t of
P e r c e n t of Pien cc e a s e
re
Circulation increase
of c i r c u l a 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 tion per
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.

$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

:...
'.

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

100,000

200,000

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

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

Total
St. Louis—
In September
I n October
In November

100,000

5,766,000

Chicago—
In February..
In March
I n April
I n September
I n October
In November
In December

1,193,000

1,300,000
600,000
900,000
500,000
1,655,000
500,000
300,000

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

Total

$627,000
554,000

Silver certificates.

24,604,000

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

U n i t e d States T r e a s u r y
notes.
notes.

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, O O
O
'
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

:

$60,000
50,000
50,000
50,000
50,000
50,000
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

$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.

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

Total fifty dollars and
over..

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

Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars..
Ten thousand dollars

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 ..

July 1,1901.

July 1,1902.

Oct. 1,1902.

$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

Total

$629,790,765
247,036,359
66,921,823
429,643,556
79,235,214
47,524,538
330,045,406
845,110,801

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.
Number of
notes and
certificates.

Fiscal year.

1890
1896..
1900
1902




..

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

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
.

PERCENTAGE

$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.

May. J u n e . Total.

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

2.5

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

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.

6.2
4.6
3.3
2.9
2.3
2.3
1.7
1.0
0.7
0.7
3.9
2.8

Total

Total

J u l y . A u g . Sept. Oct. N o v . Dec. J a n . F e b ! Mar. A p r .

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

1,066
880
941
945
853
826

58,341
40,921
60,218
50,224
57,402
42,486

Total.

10,817

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

$52,676
44,615
49,891
61,181
42,886
62,578

1901.
January
February . .
March
April
...
May
June.,

Amount.

Banks and others.

602,716

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.

Transfer Gold coin Silver coin
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

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
997,118

11,819,287

620,609 142,268,149

62,041,192 250,844,700 804,615,937 100,670,404

Total

60,252,121

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

1908, first
quarter.

1902.

426,198
631,600
893,702
861,726
623,430
306,530
705,488
844,509
710,190
721,558

MOVEMENT^ O F SUBSIDIARY

$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

Total.. -

$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
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.

1903, first
quarter.

1901.
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



..

..
.-'

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.

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

Total

$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

Copper cents
Copper half cents...
Copper nickel cents
Bronze cents
,.
Bronze 2 cents
Nickel 3 cents
Nickel 5 cents

2,555,126.46

32,986,470.38

Fiscal year 1902.
Denomination.

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

Total

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

Copper cents
Copper half cents...
Copper nicLel cents
Bronze cents
Bronze 2 cents
Nickel 3 cents
Nickel 5 cents

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

;

$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

•.

.

1903, first
quarter.

1902

1901.

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..
.

.

Repay merits
Counter
from unexpended appro- credits to appropriations.
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

Total
Premium on bonds purchased
Public d e b t .
. .
Aererreffate

Expenditures.

AS SHOWN BY

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.
First quarter. Second quar- Third quarter. Fourth quar- Total for year.
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.

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 .
Total -

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.

$60,666

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

-..

$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

81,750
8,085

$199
6,849
2,644
14,602,675
23,398
33

222,109

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

Total . .

1,263,98G

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

244,015 1,087,598,987

188,874,089

450,716,294

1,285,318
32,016,410
155,983
70,690,500

170,900,658

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.

$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

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

2,382,870

2,663,051

210,848

1,500,617

2,446,233

10,821,122

338,651

23

134,497

Total

$17,473
171
2,157
7,995
6,803
88,363
2,720
2, 605
16

40,000
5,000

•

$1,420,459
6,481
24,820
223,585
154,789
6,316,161
13,130
93,860
6,786

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
.

89

2,000
17,872

1,165,740
1,145

100
692,226

3,887,340

33,4i6
553,227

929,600
156,380
63,855

4,783,722

Total

•

. 1,208,121

2,370,205

N a t i o n a l - Gold certificates.
b a n k notes.

.Account.

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.

$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

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

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

$162,308

$5,528,687
1,685
154,783
1,223,192
1,276,728
31,236,257

$42,402

143,500
284,870
51,335

9," 898'
13,662
10,100

$5,443
5
125
62,073
2,358
464,421
1

28,500
IOO

294
28,710
16,177
396,280

110,000
1.8,017,185

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

Total

5,614,360

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.

$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

Total

$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

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

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

$1,861,829

$920

$3,962,112

$56,652

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

Total

$15,459

2,031
135
117,295
2,392,148

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
:
2,282,865
18,495
6,493,690
195,000

1,095,647

10,619,110

Total

63,300

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.

$13,030,310

$50

$19,816,323

164,590
673,560
1,702,036
25,143,844
1,307,065
458,845

44,620
648,616
521,315
17,270,760
2,026,050
138,948
84,086

67
6
920
41

503,208
159,510
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

Total

$889,591

$68,832
' 428,868
1,553,764
1,407,604

Customs
Internal revenue . . . .
Miscellaneous
Disbursingofficers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Issues

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
bsidia
a
d
Gold c o i n . S te rn d a r l asrisl .- S usilver. r y States notes.
v dol
notes.

Account.'
RECEIPTS.

$143,159

$2,024

$6,377,795

$163,104

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

Total

$137,472

702

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

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.
• United
Gold coin. Standardsil- Subsidiary States notes. Treasury
silver.
ver dollars.
notes.

Account.
RECEIPTS.

$243,840

Total

$254,350

$573,640

$6,000

'•.

:

500
103,000

$553
2
61
21
157
660,891

30,000
174,302

Customs
Internal revenue
Miscellaneous. ..
Disbursing officers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Issues

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.

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

Customs..
Internal revenue. ^
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates.
Redemption and exchange
Issues
.. '.

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.

United
Gold coin. Standard sil- Subsidiary States notes. Treasury
notes.
silver.
ver dollars.

RECEIPTS.

Customs
Internal revenue

$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

$349,694

2,000
69,000
3,926,299
9,472,503
39,000

$644

Si, 187,248

Minor coin
Redemption and exchange
Issues
Total

3
21
30,000

7
20,665
1,220,000

2,410,000
378,604

8,638,055

9,521,822

Disbursing officers
Post-Office Department
Transfers

1,535
57,805
150,690
6,128,494
20,000
25,000

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

84,432
9,875,087

2,260,990
4,017,722

Total
Account.

511,662
4,485
12,205
10,810
25,760
5,480,788

58,819

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.

Total

$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

Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates.. .
Redemption and exchange
Issues

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.

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

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

$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

30,037

1,258,408

Total

$658,826

2

$89,000

$1,018
I

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.
a
sil- S u b s i d i a r y
United
Treasury
Gold coin. S te rn d a r da r s .
silver.
v
doll
notes.
States n o t e s .

Account.
RECEIPTS.

$117,541
930
610
4,752
2,798
1,051,996

$157,391
27,644
42,198
. • 93,830
87,694
• 302,874

$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

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

98,664
29,300
603,900
521,900
166,450

829,600 •

Total
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
1,906

Total

610,239

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.

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

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

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,

.

$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
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

Total

3,329,627

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
;

.

3,340,100

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

166,631

48,833,198

1,300,000

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
.*

$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

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

Total

768,020
270,000

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.

$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

Total

43,115,015

39,Oil, 630
110

85,005,005
101
101,520,000

13,230,638

137,982,897

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 . .

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

35,805.25
463,458.60

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

.

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
624, 871.37

6,937,750.40

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

' '

515,982,980.89

12,389,294.00
197,224.00
11.195,574.95
40i213,080.00
7,439,338.00
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

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

Aggregate

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

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

Aggregate

No.

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

701,851.34

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

$28,101,644.91

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

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
,837,581
185,
,981,732
147,
,315,624
156;
,
162- 489,381
148;,972,935
141 ,728,097
,712,824
149!
;
148;, 118,150
,742,241
141,
183;,207,164
,667,723
117
i2i; ,118,024
132;,471,409
;
132,, 523,222
127,674,422
,
129, 198,224
,740,681
130,
,574,905
119,
: 122,118
122,,
,815,040
125,
119 ,909,757 .
:
,
114; 231,883
:
114,, 342,367
1,444,391
110,
:
,
114, 156,816
1,895,509
119,
: 006,120
,
124!
:
124!, 409,657
.
12i:, 266,663
;
108;, 181,713
;
108;, 284,219
106;,892,224
,011,830
97;
,048,641
95,
,485,414
95,
,202; 938
99,
,
96, 009,123
;
98,, 582,172
, 884,863
82 ,959,049
'
8O;, 891,600
,
65; 650,175
1,527,068
106;
i
106;, 149,136
1,202,009
100;
1,693,267
78;
:
64;, 878,025
:
54,, 976,607
,216,900
55,
1,875,317
58,
61 ,361,827
,424,569
105,
.,244,445
86,
,706,967
44,
,085,611
87,
1,648,307
90,
91 ,247,145
1,151,409
99;
,512,368
107,
,236,487
107,
S829,837
100,
:
.92,, 911,974
:
,
. 92, 943,180
,333,966
•79,
,262,268
63,
,845,508
49,
128 ,962,980
,646,461
128,
,393, 900
125,
.
108,, 345,234
,699,605
101
1,718,746
110;
I
100;, 957,561
,034,672
124,

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
218,725
' 356;
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,(
,000
6,910, (
,000
6,270, (
,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
,000
28,455, (
17,845, (
,000
10,765, (
,000
9,765, (
,000
•,000
9,265; (
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 . . .
.3 Oil,
1
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 55 979
,822,
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 , 6 458, 497
2
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,
,808
46,052,
855,046,114
16,561,
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;
,104
386,757,349
23,263,
30,888,
1,827
32,116,
892,240,441
42,097;
,170
399,361,974
38,387,
40,382;
1,856
404,422,655
44,028,
42, 383;
407,844,023
49,744,
45,076;
:,5]7
82,690,
409,161,326
88,242
,797
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, 657,338
28,643,
,
439,018,987
38.081,
25,4.80,
,561
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,
454,403,173
27,186,
,458
454, 725,784 37,261,
28,935,
,995
455,612,118
23,852, 601
26,039,
;,
458,496,139
20,655,
22,689,
,779
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,
481,788,691
14,127
1,873
486,962,566
43,586,
10,800,
.,839
492,332,471
36,816,
5,969,
1,599
494,942,945
30,418,
3,421
i,972
492,579,409
22,662, 292
3,507
;,
24,762,
498,239,085
6,123;
,432
499,535,480
38,272,
7,943;
:,360
50,904,
499,587,603
5,985
,114
500,310,529
57,691,
5,154
,714
64,144,
506,745,075
6,876;
,583
508,570,076
77,673,
7,048,
,885
510,101,209
78,431, 931
9,252,
,
82,774,
511,408,465
9, 610',
,725
512,194,954
96,216,
9,864
i,977
513,298,709 102,229,
10,397
1,946
518,880,682 109. 540,855
12,391
),
•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, 974
6,918,
i,
504, 035,456 115,049,
7,865,
',080
507,087,384 129,586, 164
11,286
,
508,859, 908 126,802,
7,801
,508
510,259,880 128,067, 639
8,1.99;
',
510,813,574 111,990,
7,842;
1,707
511,582,651• 114,731,
6, 984;
,683
512,388,751 116, 324,741
9,60i;
,
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,
12,634,
,791
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,
12,708,
,048
512,199,837 164,425,
11,556,
s420
513,398,714 166,364,
12,007
,197
514,610,147 155,598.
14,379,
i.648
513,647,701 164,010,
.13,913,
;408
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,
. 6 776,
3
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
129
1,102, 008;
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
028
1,139; 829;
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
911
1,257, 8O5;
1,272.536; 975
1,278; 479; 598
680
r, 290,043,
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
i,
16, 929,771
17 ,870,038
11 ,358,301
11 ,497,660
1,291,808
lo;
1,738,985
8'
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
,540,076
55;
65;,248,472
85;,126,229
84,,043,949
96;,548,223
1,827,791
113,
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 . . .'

$361,628,000
20,000,000
40,000,000

$8,239,000.00

$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

Total .
.
U n k n o w n , destroyed

$301,668,000.00
19,985-, 000.00
39,990,000.00

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

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

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

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

$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

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, 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

•

88,404,000.00 2, 649,508, 792.00
1,000,000.00

80,676,000 3,077,865,808

Net

$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

Total
Unknown, destroved

$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

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, O O
U
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
redeemed.

Outstanding.

$62,094,000
182,181,000
572,120,000
594,840,000

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 . .

-...

.-

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




$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

255,920
152,200
184,400
103,500
161,000
355,000
150,000
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

Total

$58,589,500
176,489,500
566,560,000
582,370,000

1,506,039, 300

$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

$293,000
702,000
460,000
1,520,000

28,330,000
21,400,000
45,074, 300
62,094,000
182,181,000
572,120,000
594,840,000

Total

Total ,

e e ed
T o t a l issued. dR r idneg m e a r .
u
y

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

-

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 . . : . . .

Redeemed
d u r i n g year.

Total
redeemed.

Outstanding.

$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

Total

$16,460,000
26,890,000

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.
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

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

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

Outstanding.

Total
1902.
Five thousand dollars
Ten thousand dollars
.

.

-14




80,420,000

5,000
42,630,000"

50,000
60,600,000

102,195,000
940,570,000

246,000
12,160,000

60,650,000 1,042,765,000.

12,405,000

40,000
30,920,.000

102,285,000
971,490,000

395,000
59,640,000

30,960,000 1,073,725,000

60,035,000

120,000
102,355,000
71, 700,000 1,043,190,000

295 000
55,500,000

71,820,000 1,145, 546,000

55,795,000

104,290,000
1,985,000
94,460,000 1,187,650,000

200,000
3'2, 010,000

96,395,000 1,241,940,000

32,210,000

890,000
104,680,000
75,580,000 1,218,230,000

1,200,000
61,140,000

75,970,000 1,817,910,000

62,840,000

400,000
105,080,000
88,490,000 . 1,801,720,000

856,000
25,750,000

"88,890,000 1,406,800,000

26,605,000

450,000
105,530,000
35,600,000 1,337,820,000

405,000
20,950,000

36,050,000 1,442,850,000

21,856,000

870,000
105,900,000
26,700,000 1,864,020,000

35,000
3,670,000

27,070,000 1,469,920,000

3,705,000

35,000
105,935,000
8,670,000 1,367,690,000
3,705,000 1,473,625,000

105,935,000
1,867,690,000

1901.
Five thousand dollars
Ten t h o u s a n d dollars

982,115,000

1,478,625,000

Total

64,160,000

105,985,000
1,867,690,000

1900.
Five thousand dollars
Ten thousand dollars . .

290,000
30,180,000

9,420,000 1,478,625,000

Total

102,145, 000
879,970,000

105,935,000
9,420,000 1,367,690,000

1899.
Five thousand dollars
Ten thousand dollars

10,000
64,150,000

30,800,000 1,464,206,000

Total

102,485,000
910,100,000

105,935,000
30,800,000 1,358,270,000

1895.
Five thousand dollars. ..
Teh thousand dollars

23,780,000

53,155,000 1,488,405,000

Total

917,955,000

105,985,000
55,000
53,100,000 1,327,470,000

1897.
Five thousand dollars
Ten thousand dollars

28,050,000

106,100,000 1,880,250,000

Total

941,735,000

1,390,000
105,88b, 000
104,710,000 1,274,370,000

1896.
Five thousand dollars
Ten thousand dollars

• 300,000
28,480,000

72,810,000 Ij 274,150,000

Tatal

102,135,000
815,820,000

104,490,000
1,840,000
70,970,000 1,169,660,000

-

150,000
27,900,000

67,580,000 1,201,340,000

1895.
Five thousand dollars
Ten thousand dollars

102,435,000
839,800, O Q '
O

20,000
102,650,000
67,560,000 1,098,690,000

Total

12 390 000

78,590,000 1,183,760,000

1894.
Five thousand dollars
Ten thousand dollars

889,905,000

190,000
102,630,000
78,400,000 1,031,130,000

Total. .

28,285,000

42,685,000 1,055,170,000

•.

902,295,000

70,800,000 1,012,535,000

• 1893.
F i v e t h o u s a n d dol lars
Ten thousand dollars

$450 000
11,940,000

70,800,000

Total

$101,985,000
787,920,000

39,440,000

1892.
Five thousand dollars
Ten thousand dollars

$95,000
28,190,000

39,440,000

Total

$102,435,000
799,860,000

28,480,000

1891.
Five thousand dollars
Ten thousand dollars

FI 1902-

Total
redeemed.

$28,480,000

Total

Total

e
d
T o t a l issued, dR r id ege m e a r .
u n ye

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..

Issued during year. Total issued.

Redeemed
during year.

Total
redeemed.

Outstanding.

$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

Total
Unknown, destroyed .

$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
,

962,886,886.00

Net
1895.

Total
Unknown, destroyed .
Net

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

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..

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

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 l, ""
l 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

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.

Net

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

Total
U n k n o w n destroyed

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

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
4 , 949,215
479,620,970
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
138,208
, 018,
,016, 009,857
948,682
, 022,
, 025,825,162
208,613
, 034,
,043, 525,117
531,874
, 041,
,
,b36; 081.645
, 053,518,898
, 049,347,994
,059, 288,820
,080, 027,407
,099, 184,996
,108, 541,829
427,728
, 112,
032,760
. 117,
,
157.697
, 124,
267.646
, 129,
738,871
, 123,
729,261
. 124,
,
970,556
, 135,
, 147,836,145
353,790
, ISO,
, 174,883,624
889,976
. 171,
,
,176, 172,158
279,087
, 181,
,
, 178,031,493
540,790
, 178,
,
,183, 652,727
,184, 588,889
,192, 594, 589
925,457
, 193,
511,751
, 203,
234,885
, 215,
672,772
, 230,

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.
,016
$346 681,
,016
846 681,
,016
846 681,
346,681,
,016
,016
846 681,
,016
346 681,
,016
346 681,
,
346 681, 016
,016
346 681,
,016
846 681,
,016
346 681,
,016
346 681,
,016
846 681,
,016
346 681,
,
846 681, 016
,016
846 681,
,016
846 681,
,016
346 681,
,016
346,681,
,016
846,681,
,016
346,681,
,
846 681, 016
,016
846 681,
,016
846 681,
,016
846,681,
846 681,016
,016
346 681,
,016
346 681,
,016
346 681,
846 681,016
,016
346 681,
,016
846 681,
,016
346 681,
346,681,
,016
,016
346 681,
,016
846 681,
,
846 681, 016
,016
346 681,
,016
846 681,
,016
846 681,
,016
346 681,
,016
346 681,
,
346 681, 016
,016
846 681,
,
846 681, 016
,016
846 681,
,016
346 681,
,016
846 681,
,016
346 681,
,016
846 681,
346 6 1,016
8
846 681,016
846 6 1,016
8
846 681,016
346 681,016
846 681,016
846 681,016
846 681,016
.
,
346 681, 016
346 681,016
,016
846 681,
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,
• 2 516,
9
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,
5 880,
1
49 784,
47 783,
46 029,
44 483,
48 026,
41 434,
40 110,
88 596,
87 538,
86 846,
33 968,
32 688,
8 807,
1
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,
372,
• 248
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
,504
367 908,
870 888,504
>,504'
873 015
',
373 585 504
376 561,504
877 531,504
374 845,504
,504
375 479,
372 404,504
:,504
879 112
:,504
885 152
1,504
884 170
384 968,504
387 925,504
1,504
388 475
i,504
391 908
1,504
394 630,
396 825,604
397 782,504
398 556, 504
398 922,504
401 107,504
:,504
400 062
398 753,504
399 168,504
^
399 430, 504
899 681,504
1,504
402 289
402 627, 504
404 026, 504
405 257,504
,504
406 085,
407 027,504
1,504
407 278
405 197,504
i
400 683, 504
400 643,504
,
401 464, 504
;,504
405 868
I
407 375, 504
;,000
409 728
sOOO
418 495
1,000
415 475
1,000
416 015
419 158,000
424 212,000
425 153,000
425 124,000
425 374,000
.,000
427 426
428 597,000
427 854,000
481 841,000
435 521,000
;,000
435 928
485 014,000
436 957,000
439 282,000
1,000
442 080,
i,000
449 648
:,000
454 082
,000
456 087,
'
458 089, 000
,000
450 471,
>,000
454 265
455 944,000
455 607,000
453 997,000
456 217,000
i,000
458 785
:,000
465 762
;,000
569 467 442,

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
528,839
• 155:
159; 305,789
295,181
154,
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, 748,350
s
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
i
98;, 051,657
101,756,301
104,114,086
107,001,850
114,,567,423
;
118,, 877,559
:
122, , 039,656
123,, 927,846
1,447,613
126,
128,, 956,781
128,,779,108
;
182, , 505,183
1,661,694
140,
148,,774,138
i
145,, 420,209
;
148,, 824,199
\
150; 818,582
1,770,406
150,
151:,965,267
1,755,402
150:
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
,453,781
122,
,180,225
117:
,
114, 249,700
121 ,457,600
,840,500
121
117 ,954,807
i
,
116, 978,708
114 ,004,881
,436,662
109,
107 ,085,426
114 ,526,669
'
,
115, 260,322
i
,
115, 726,769
1,221,185
110,
i
,
106, 074,550
;
103,, 728,966
1,921,026
100,
; 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,
848,
• 248
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 1 1
7
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
. 9 588,
9
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,
,637
465,941, (
1,646,028,
,287
456,752,'.
1,646,471,
,629
457,500,i
1,665,680,
,126
468,156,:
,858
1,678,840,
464,348, <
•
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, i
,216
1,726,376,
,097
461,990, (
1,756,058,
,573
456,553, 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 1,816,696,
446,454, (
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,>
1,927,846,
,655
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,
,934
695,981, •
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,'
),
612,759,i816 2,062,425,
),703
2,087,863,
620,840,'
,096
2,096,688,
628,824, (
), (
631,196, 084 2,118,294,
),
638,756,'714 2,139,181,
),
654,649,'756 2,158,761,
^832
656,747,;
2,173,251,
696,401, (
,601
2,190,780,
679,889,'
),429
2,190,609,
676,492,' 419 2,187,243,
J,
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, i
1,541
2,250,256,
727,489,'
2,250,627,
),961
750,516, 'i
2,259,951,
),819
749,552,< 996 2,258,969,
J,
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
Gold and goldj silver certifi- Notes and
[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
,172,950
471,
,
477; 139,660
,039,812
476,
477,839,605
i
,
478; 587,089
,797,868
479,
1,779,965
478,
,708,091
477,
1,082,891
476,
'
,
469, 566,110
,,725,654
468,
1,885,298
479;
1,942,484
492,
,
496, 468,626
1,408,778
499,
,906,973
508,
,950,176
497,
,679,142
508,
I
510, 952,297
,838,855
515,
:
,
512, 868,688
;
,
512, 242,618
1,407,229
510;
,,488,209
515,
1,802,503
520,
;
,
523; 493,782
,,795,765
526,
,
,
528, 143,366
:
,
624; 850,288
;
,
528, 679,924
;
,
532, 907,108
:
,
584, 186,768
,777 839
634,
,926,776
535,
,774,541
536,
,036,418
641,
;
,
642: 954,886
:
,
542; 611,143
.,•445,988
541
,
542: 112,184
589,836,477
,085,791
544,
,483,680
546,
,628,461
66O:
,781,764
551:
.
,
551: 222,873
1,867,836
552:
1,568,872
560;
,874,193
570,
,895,401
575,
,142,246
577:
.
,
68I: 705,192
,034,503
574:
,854,887
574;
680,359,887
,678,144
579:
,688,375
577:
,928,719
575;
,834,824
677,
:
,
582: 360,109
i
,
588: 177,194
1,928,208
598:
1,239,850
605:
607,798,972
1,1-50,192
598
;
,
596: 617,609
^
599' 454,479
601,381,433
1,464,045
599;
,026,289
601,
:
,
602, 574,466
^
610, 756,985
,521,402
624,
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.

Total.

'
$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

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
,505.98
057,

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
542.70
18, 111,
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

Unassorted
Twenty- Twenty
Five
and
Fifty cents. five cents. cents. Ten cents. cents, Three
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

$7.50

$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

$79.50

$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

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

$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

. .

$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

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
S
i
l
to s e c u r e cir- d u teym c a nln u ae d . of deposi- to s e c u r e
ol ect
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.
Y e a r e n d e d J u n e 80, 1902.

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 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

$15,776,159.50
5,527,286.98
4,043,816.05
4,017,577.67
8,281,884.98
15,163,922.00

268,949.20
43,774.30
217,127.98
4,647.95
29,716.51
6,746.17

110,899,710.48

670,962.11

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

17,820,266.65

88,485.18
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

Oklahoma
Indian Territory

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

4, on. 77
52,444.02

North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado

439,816.56

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

T o t a l of Middle States....

88,927,998.87
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

-

$80,944.76
30 909 38
20,314.54
20,381.11
42,745.44
76,045.73

58,605.58

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

132,417.75
36,057.86

24,899,269. 94
6,769,626.76

Ohio
.'
Indiana .

T o t a l for U n i t e d
States
814,956,810.02 i,633,309.15

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.

Outstanding.

$21,800,000
20,030,000
18,200,000

..'

Total

Redeemed
during
year.

AND

•.

$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.

Total issued.

•
'.

Total

."..

$28,285,200
30,125,840
60,824,000
45,094,400
67,846,000
39,420,000
266,695,440

Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars
Five hundred dollars
One thousand dollars

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.

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

Net

$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

80

210,930,955
10,590

69,046
10,590

211,000,000

Total
Unknown, destroyed

$10
20
50

211,000,000

Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars.
One thousand dollars

.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.
Redeemed to Redeemed
during
Total issued. June 29,1901.
year.
$140,094,760 $140,085,850
299,992,500
299,945,700
831,000,000
380,969,550
199,000,000 - 198,964,650

July 17,1861 ..,
August 15,1864
June 15,1865..
July 16,1866 . .

Total
redeemed.
$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

Outstanding.

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

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.

-

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

Funded loan of 1907
Loan of 1904
Loan of 1925
Loan of 1908-1918
Consols of 1930

Number.

23,044,836.14

-

-

Total

No.

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.

Coupons.
$5,075.31
26,853.00

Total

No.

$25,606.56
491 381.25

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.
Funded
Loan of
Loan of
Loan of

$20,531.25
465,028.25

31,428.31

Treasury United States, Washington
Subtreasury United States New York

Checks.

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.
o
ted
T o t a l issued. d Cr in v e ry e a r .
u ng

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

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. O
C
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

Total

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

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

1,280,860.26

1,256,820.26

D E B T B E A R I N G NO I N T E R E S T .

53,847.50
346,681,016.00

53,847.60
346,681,016.00

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

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

•..

82,240,000.00

888

Total

32,240,000.00

42,071,969.50
6,878,323. 63

Old d e m a n d n o t e s
United States notes
National-bank notes, redemption account
Fractional currency. .

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

$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

25,885,120
27,236,512
6,803,000
I,600,000
1,970,560
1,628,820

13,231,650
292,349,600
2,913,540

25,258,500

98,879,700

8,"518,850
27,321,200
2,269,724,987

257

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.

Total.

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

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

117
118
119
120
121

$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

$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
121,856,050

15,024,700
16,304,000
8,269, 760

15,024,700
16,804,000
8,269,650
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

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

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

150

25,457,000

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

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

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

Total.




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

802,259,000

Total .

Aggregate.

100

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

Funded loan of 1891:
September 2,1891.

Funded loan of 1891, continued:
August 18,1900

Total
redeemed.

34,598,450

114
115
116

Total.
Funded loan of 1881, continued:
December 28,1882
January 18,1883 . .^
February 10, 1883..
May 1, 1888
November 1, 1883

Redeemed
during
year.

121,857,650

Total.
Loan of 1868, continued:
August 1, 1882
September 18,1882...
October 4, 1882

Amount
called.

158

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.

..
),
$740, 327,450 $1,841. 845.26
1,885.26
1,833,
735, 029,520
),
,105.26
\,
1,831,
728, 499,020
,
719, 178,570 1,826, 045.26
),
:,
1,824, 165.26
713, ,488,580
»,
711, 313, n o 1,815, 805.26
L,
,135.26
),
7oo; 799,360 1,803,
',275,26
),
680, 978,020 1,777,
',
>, 688,070 1,750, 985.26
688:
;,
1,708, 685.26
632, ,283,390
,345.26
), 492,590 1,687,
629,
:,
),
619i 019,740 1,682, 505.26
>,
1,679, 695.26
,145,750
617,
.,
1, 671,865.26
),
615! 501,580
,115.26
1,670,
613i,512,780
,635.26
1,660,
610, ,771,520
',
1,647, 505.26
,529,120
610,
,
),
610, 529,120 1,614, 705.26
,320.26
1,618,
610i,529,420
,770.26
1,611,
610, ,529,420
',
9,127, 290.26
),02<:,720
685,
,230.26
6,209,
585, ,026,720
1,770.26
5,279,
585,,026,870
!,
4,633, 340.26
585, ,026,970
i,
),
585, 027,680 3,965, 900.26
<
,
8,725, 410.26
585;,028,080
,670.26
,028,630
8,461,
585,
:,
),
585, 029,030 3,304, 210.26
',
3,167, 345.26
585,,029,280
.,
2,785, 875.26
585,,029,330
,325.26
2,603,
,030,380
585,
,
2,536, 765.26
585,,031,080
,146.26
2,510,
,031,170
685,
1,655.26
2,459,
685, ,032.020
1,015.26
),
585, 032,980 2,432,
S
2,385, 045.26
585,,038,080
,755.26
), 033,660 2,357,
585,
,305.26
585, , 034,260 2,835,
,590.26
, 034,260 2,801,
585,
,
),
585; 084,810 2,228, 490.26
.,
, 085, n o 2,191,010.26
585;
:,
),
585, 037,100 2,094, 060.26
,
2,081, 580.26
585,,037,440
',
2,045, 540. 26
),
585, 087,690
,770.26
1,984,
,087,740
585,
,570.26
585, ,03^', 040 1,974,
,880.26
1,939,
,039,220
585,
,530.26
),
585, 039,810 1,913,
:,
), 040,090 1,884,680.26
585,
.,
),
625, 872,000 1,871, 020.26
:,
L,
634, 940,930 1,864,120.26
!,
1,862,.030.26
635, ,041,380
,890.26
,041,840
1,858,
635,
,
),
635, 041,890 1,851, 240.26
1,850.26
), 042,590 1,840,
635;
,750.26
),
635, 042,670 1,831,
1,030.26
1,830,
635;,042,810
i,
),
635, 042,860 1,828, 280:26
i,
1,826, 930.26
689;,148,030
.,
1,825, 800.26
679, ,168,180
:,
: 828,710 1,792, 690.26
,
684,
,300.26
),
685; 043,860 1,779,
V250.26
5,851,960
1,770,
713,
•,
),
716; 20]., 910 1,754, 660.26
,920.26
),
716; 202,010 1,734,
,590.26
),
716; 202,060 1,721,
',
• 360,400 1,699, 650.26
,
747;
1,870.26
747 , 360,610 1,695,
1,660.26
1,685,
747;,360,820
,670.26
^
747; 36:., 560 1,681,
.,
1,676, 180.26
J,
747; 361,960
:,
',361,960
1,674, 510.26
747;
,190.26
1,362,820
1,673,
747
',
1,667, 630.26
1,615,170
822;
,510.26
7,404,140
1,659,
837,
.790.26
1,651.
842,
2,812,140
.,
845, 488,590
1,645, 970.26
),
1,890.26
847,
7,368,890
1,636,
;,
847,
7,36<:,250
1,683, 640.26
!,
847,
1,622, 960.26
7,364,260




[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;
',825.75 1,14i;
62 140,
'
60 040,, 957.25 1,134
,894.75 1,126;
68 022,
,359.75 1,122,
65 619,
,975.75 1,110,
64 207,
,296.75 1,091
55 059,
66 005,, 865.25 1,050;
,857.25 1,042,
54 796,
,622.75 1,037,
52 994,
,030.76 1,025,
51 323,
,010.75 1,021
49 107,
',
47 165, 815.25 1,017
,485. 76 1,013;
45 116,
,999.25 1,010,
44 156,
,860.75 1,<
42 203,
,892.25 1,005,
40 018,
.,875.26 1,004.
38 461,
,208.75 1,003,
37 872,
,138.26
36 540,
:,
85 430, 670.75
,991.26
977,
88 789,
,299.25
975
82 679,
1,376.75
973;
81 350,
,003.25
972,
29 888,
,830.75
971
28 894,
,
28 273, 515.75 970;
,281.25
969,
27 521,
,
26 768, 509.25 968;
,108.75
967,
26 105,
,448.25
967;
26 018,
.
25 836,, 722.76 966;
.
25 191,, 032.75 966,
,678.26
965;
24 137,
,501.75
964;
23 466,
,492.26
963;
• 2 771,
2
:
22 272,, 061.25 963;
,580.75
962,
21 854,
.
21 506,, 675.75 962;
,600.25
961
20 887,
,437.75
96i;
20 663,
:
20 364,, 878.26 96i;
,960.25
960;
20 239,
,
20 727, 096.75 96i;
s
961,
21 295, 714.25
:
20 952,, 547.76 96i;
,908.75
963;
28 015,
,,859.75
965;
24 582,
'
25 977,, 549.25 1,007;
,602.00 1,016;
25 957,
.
27 019,, 048.50 1,017;
,809.00 1,016;
26 381,
,
26 371, 685.50 1,016,
,470.00 1,016,
817,
26
,592.55 1,016;
26 234,
,495.50 1,017
060,
27
,
28 163, 475.50 1,018;
,564.00 1,024,
29 487,
,449.50 1,064,
29 615,
,277.00 1,069,
29 80 L,
,471,00 1,068,
28 155,
,
393, 816.00 1,096,
27
,968.50 1,'
27 069,
,181.00 1,097,
205,
26
',489.00 1,096,
25 359,
668. 404.00 1,127
24
,018.00 1,126;
24 277,
,588.50 1,126,
28 818,
',
23 706, 619.00 1,126,
,600.00 1,125,
28 216,
1,734.60 1,125,
22 659,
; 653.00 1,124,
21 973,,
;
21 868,, 326.50 1,199,
,999.00 1,218,
21 291,
i
20 786,, 048.00 1,218;
1,698.00 1,220;
19 906, 022.60
;
20 102,, 546.50 1,222;
;
1,222
19 688,,
1,828.50 1,221
19 229,

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
276.13
120.26 . 353,611,
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.

$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 r rcetd da n d
feit.
e e .

Claimed by
owners.

Fiscal
year.

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.

Redemptions. Transfers and
repayments.

Fiscal year.

1890
1891
1892
1898
1894
1895
1896
1897
1898
1899
1900
1901
1902

Balance.

FAILED.

:
•

$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

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

:

$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,

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

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 876,
13
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
,405
16', 925
38,818
14,807,275
88,818
11,112,966
58,398
8,851,368
,176
58,898
7, 659
58,398
7,648,296
58,398
8,281,641
77,978
8,135,214
77,978
8,739,348
:,882
126,062
8,734
146,686
8,149,885
21,678
7,934,258
21,678
7,175,191
,492
43,874
7,824;
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
9,148
5,652
. 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
122,985
),800
12,124,805
122,985
12,866,695
122,985
12,650,219
144,390
13,620
21,406
),418
12,375,337
43,187
12,883
43,187
5,01.8
18,238
5,894
43,187
13,653;
,424
48,187
18,213
65,094
5,626
13,010
65,094
),175
18,481, 659
65,094
14,212, 486
146,236
J
13,757
146,236
^768
13,692, 997
J
168,167
14,638
5,014
168,167
14,036 825
21,931
),
12 - 5,389
~
21,931
5,8I3;
12', 5,911
43,611
1,042,
12,
5,264,347
43,611
12
1,088
5,041
43,611
12
i,241,091
48,611
}, 5,983
43,611
12, 978
.
5,142
48,611
13,528,
87,425
1 4 i,282
.t,862
[, >,074
87,425
14 825
L426
153,796
14; 5,647

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,
12, no, 404
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.

,000,547 $11,296,
$226,
,080,042
226,
12,051,
229,
7,888,
,618,896
6,887,
233,
,639,367
,984,444
234,
7,773,
235,
,398,890
9,851,
235,
,668,118
12,583,
,094,662
285,
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,
,684,217
229,
8,318,
,
229; 014,641 10,395,
,
226; 529,216 12,404,
,881,072
224,
7,888,
,481,879
6,724,
224,
6,441,
226 ,113,751
227 ,696,870
6,645,
,
,227; 900,177
8,600,
226,
,780,065
9,387,
,261,650
227,
7,404,
),
285, 439,985
6,260,
289,
7,562,
,629,186
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,
5,066,624
6,217,
.248,
5,842,068
6,245,
243;
), 277,223
7,276,
246;
12,196,
247;,068,748
),
7,867,
249, 516,228
,034,337
, 271,
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.
Average
redeemable.

Average
redeemable.
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902

No.

:..

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

1898.

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

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

1902.

Pacific

No.

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

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
• c 44,217.48
Z
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 .
$312,980.00
160,900.00
319,765.00
27.00
9,797.50
96.00

$509,980.00
476,030.00
487,200.00
111. 00
27,802.50
469.00

698,027.00

1,501,592.50

6,259.08

Total
Loss b y r e c o i n a g e .

$197,000.00
315,180.00
167,485.00
84.00
18,005.00
378.00

803,565.50

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

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.

$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

.. .

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

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

Coining value.

762,298.722




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

$22,883,788.77
16,870,945.07
54,867,344.55 $3,114,192.41

706,110.84
410,069.02
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

T o t a l o r i g i n a l depo-sits

691,141.74
797, 306.42

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

.

. ..

. .

Coining
value.

153:88
876.74
6.131.90
6,380.65
3,279.18
65.61
194.81
15,984.80

.
^

Total

$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

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
1,280,025.88

Total

$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
1,489,484.65

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

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
644.51
375,268.35
174. 95
171,260.93
4,689,924.12.

12,449,234.85

T o t a l o r i g i n a l deposits

2,750. 84
2,525,019.26
108.72
1,280,025.88
32,516.57
689,866.20 " " " 8 , " 647.^62'
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.

1902.

Increase,
1902.

Decrease,
1902.

$556,654.18
106,417.07
2,526,260.70

$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

Total original deposits

$524,264.22
98,428.95
1,219,817.92

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
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.

Foreign
bullion. •

$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 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

Domestic
coin ( c o i n i n g
value). .

$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.

1,852,088
1,473,648
1,978,138
124,'687

:
.

Total

Silver:
Standard dollars
Half dollars
Quarter dollars
Dimes

5,428,551

61,980,572.50
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

'..

Total




$87,041,760.00
14,736,480.00
9,890,665.00
311,717.50

19,402,800
8,881,118
15,384,879
24,644,157.

-Total
Minor:
Five-cent nickels
One-cent bronze

Total coinage

Value.

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.
8,788,112
24,298,850
50,488,814
98,428,356

Total

5,428,651
19,402,800
48,809,654
117,778,501

24,350,145

176,999,132

Gold coins . . .
Silver d o l l a r s
Subsidiary silver coins
Minor coins

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 .

Increase,
1902.

1901.
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

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.

COIN.

Total

PERCENTAGE

OF

Loss.

$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

1891
1892
1893
1894
1895.
1896
1897
1898
1899
1900
1901
1902

N e w coin.

. $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

Year.

, 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.
8.44
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

• 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.

Standard
w e i g h t df
$1,000.

2,090.07

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
41,520.73

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

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
44.171.98

a N o a b r a s i o n ; .03 o u n c e heav^

'"^ . 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.

Face value,

Loss.
Net.




$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

Abrasion.

Ounces.
1830.
1831.
1832.
1888.
1834.
1835.
1886.
18371888.
1889.
1840.
1841.
1842.
1843.
1844.
1845 .
1846.
1847.
1848.
1849.
1850.
1851.
1862.
1853 .
1864.

Standard.
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.

Standard.

. ..

..

.

.. ..
...

. ...

Total

$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

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

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

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

standard
weight
of $1,000.
Ounces.
803.75
808.75
803.75

8,771.66

104,830.00

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.

Face value.

Loss.
Abrasion.

standard.

1893
1894
1895
1896
1897
1898
1899
1900
1901
1902

.

..
-

Total.: .
Undetermined
Total

$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

.

Net.

49,485.06

46,131.80
5;368.58

standard
w e i g h t of
$1,000.

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

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

Abrasion.

$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

. ^

Total
Undetermined

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

.

. 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
24,693.38

22,721.96
2,841.40

1,971.42

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

Standard
w e i g h t of
$1,000.

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.

Ounces.
8.05

Ounces.
2.90

Ounces.
0.15

Standard
weight
of $1,000.

Loss.

Net.

P e r cent.
4.918

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.

632,089.75
194.81
766.98
1,725.16
80,681.96

Total

$824,898. 57
148.60
908.42
870.89
15,705.36

665,408.16

Partings, charges, and fractions purchased
Porto Rican coins redeemed and melted . .
Melted domestic assay coins purchased . . .
Mutilated doraestic coins purchased
Surplus bullion purchased
,-

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

Cost.

207,584.58
230,288.64
42,090.17
185,444.77
665,408.16

Total

$106,550.03
121,324.30
20,919. 68
98,732.73
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

120,648.51

M I N T A T NEW ORLEANS.

1

J.

Total....
SUMMARY.

Uncurrent coins t r a n s ferred from Treasury . . . 2,525,019.26 8,141,548.04
Uncurrent coins t r a n s 1,566,252.53 1,948,681.20 1,948,681.20
ferred f r o m m i n t a t
Philadelphia to mint at
821,500.00
400,000.00
New Orleans
Amount transferred from
4,819,285.00 8,924,415.65 4,819,285.00 8,924,415.65 5,996,000.00 2,071,584.35
actof July 14,1890
Porto Rican c o i n s r e deemed and melted
194.31
. .148.50 .1,696,079.89 .1,282,462.53 2,110,208.25 827,745.72
Partings, charges, a n d
457.648.81
236,222.87
fractions purchased
Melted assay coins purchased
908.42 I 529,414.05
. 766.98
288,207. 65 658,680.00 870,472.35
Mutilated c o i n s p u r chased
1,725.16
870.89
Surplus bullionpurchased19, 628.68
10, 643.83
Total

.

8,145,767. 65 7,714,757.70 8,61L03L47 7,443,767.03 10,718,569.45 3,269,802.42

The total available stock of silver for the subsidiary coinage, the cost,
the amount used in coinage during the fiscal year, and balance onhand
June 30, 1902, are set forth hy institutions in the following table:
S I L V E R FOR SUBSIDIARY- C O I N A G E , F I S C A L Y E A R

stock:

1902.

standard
ounces.

Cost.

MINT AT PHILADELPHIA,

Silver bullion on hand July 1, 1901
Uncurrent coins transferred from Treasury
Partings, charges, and fractions purchased
Amount transferred from act of July 14, 1890 . .
Porto Rican coins redeemed and melted
Melted assay coins purchased
Mutilated coins purchased
,
gurplus bullion purchased
Total




2; 789,660.27
. 1,651,097.68
186,950.78
2,801,872.50
• 194.81
766.98
1,281.27
18,891.24

. $2,478,513.86
2,054,242.88
94,808.04
2,281,606.98
148.50
908.42
652.14
• 10,Q32.,93

7,450,215.03

6,920,913.65

304

REPORT

ON T H E FINANCES.

SILVER FOR SUBSIDIARY COINAGE, FISCAL Y E A R 1902—Continued.
Standard
ounces.

Stock.

Cost.

M I N T A T PHILADELPHIA—continued.

Used i n c o i n a g e , fiscal y e a r 1902
U n c u r r e n t coins transferred to m i n t a t New Orleans
Sold i n s w e e p s
W a s t e d b y o p e r a t i v e ofiicers
B a l a n c e o n h a n d J u l y 1, 1902

5,210,621 44
321,500.00
8,984.86
10,784.74
1,898,374.49
7,450,215.03

6, 920,918.65

401,949.09
104,738.28
228,914.02
489,483.75
150.60
1,224.02

265,913.01
130,312.00
120,648.51
398,593.48
71.04
604.76

1,226,469.76

Total

$4,450,874. 74
400,000.00
6,047.32
5,960. 48
2,059,531.11

916,142.79

M I N T A T S A N FRANCISCO.

Silver b u l l i o n o n h a n d J u l y 1, 1901
U n c u r r e n t c o i n s t r a n s f e r r e d from T r e a s u r y
Partings, charges, a n d fractions purchased
A m o u n t t r a n s f e r r e d from a c t of J u l y 14, 1890
M u t i l a t e d coins p u r c h a s e d
Surplus bullion purchased

,

Total
Used i n c o i n a g e , fiscal y e a r 1902
Sold i n s w e e p s
W a s t e d b y o p e r a t i v e officers
B a l a n c e o n h a n d J u l y 1,1902
Total

1,186,882.53
6,481.48
1,857.04
81,288.71
-

.

896,177.06
8,610.76
998.59
15,461.39

1,226,469.76

916,142.79

192,890.50
769,183.30
41,783.51
1,527,928.75
321. 500.00
293,29
18.87

289,366.02
956,993.21
20,765.82
1,244,215.24
- 400,000.00
147.71
6.15

MINT AT N E W O R L E A N S .

Silver b u l l i o n o n h a n d J u l y 1, 1901
I J n c u r r e n t c o i n s t r a n s f e r r e d from T r e a s u r y
P a r t i n g s , c h a r g e s , a n d fractions p u r c h a s e d
A m o u n t t r a n s f e r r e d from a c t of J u l y 14, 1890
U n c u r r e n t c o i n s r e c e i v e d from m i n t a t P h i l a d e l p h i a
Mutilated coins purchased
Surplus bullion purchased

2,858,092.72

Total
Used i n c o i n a g e , fiscal y e a r 1902
Sold i n s w e e p s
W a s t e d b y o p e r a t i v e otficers
B a l a n c e o n h a n d J u l y 1,1902
Total

,

;

2,861,494.15

2,213,527.50
27,596.98
14,479.48
697,488.76

2,097,215.24
13,988.70
6,929.41
743,365.80

2,858,092.72

2,861,494.16

3,383, 999.86
2,625,019.26
457,648.31
4,819,285.00

2,983,792.89
8,141,548.04
286,222.87
8,924,415.65

821,500.00
194.31
766.98
1,725.16
19,628.63

400,000.00
148.50
908.42
870.89
10,648.83

11,529,767,51

10,698,550. 59

8,611,081.47

7,443,767.03

321,500.00
42,962.82
27,121.26
2,627,151.96

400,000.00
22,541.78
18,888.48
2,818,358. 80

11,629,767.51

10,698,650.59

SUMMARY.

Silver b u l l i o n o n h a n d J u l y 1,1901
U n c u r r e n t c o i n s t r a n s f e r r e d from T r e a s u r y
,
Partings, charges, a n d fractions purchased
A m o u n t t r a n s f e r r e d from a c t of J u l y 14,1890
U n c u r r e n t c o i n s t r a n s f e r r e d from m i n t a t P h i l a d e l p h i a t o m i n t a t
New Orleans
Porto Rican coins redeemed a n d melted
M e l t e d assay c o i n s p u r c h a s e d
M u t i l a t e d coins p u r c h a s e d
Surplus bullion purchased
Total
Used i n c o i n a g e , fiscal y e a r 1902
U n c u r r e n t coins t r a n s f e r r e d from m i n t a t P h i l a d e l p h i a t o m i n t a t
New Orleans
Sold i n s w e e p s
W a s t e d b y o p e r a t i v e oificers
B a l a n c e o n h a n d J u l y 1,1902
Total

The amount and cost of silver purchased under act of July 14, 1890,
the amount of such bullion consumed in the coinage of standard silver
dollars, the number of dollars coined, and seigniorage derived therefrom, from August 13, 1890 (date when law went into efi