The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNUAL REPORT
Secretary of the Treasury
STATE OF THE FINANCES
FOR THE
Fiscal Year Encled June 30, 1905.
WASHINGTON:
G O V E R N M E N T PRINTING OFFICE^
1906.o
TREASURY DEPARTMENT.
Document No. 2417,
Secreta/ry.
A5~0 '
COISTTEN'TS
Page.
RECEIPTS AND EXPENDITURES
1
Fiscal year 1905
Fiscal year 1906
Fiscal j^ear 1907_
.
^--
.--'.
_- "
_^--
OPERATIONS OF T H E TREASURY
1
6
«•
7
NATIONAL B A N K S
9
Condition of national-banking associations
-..--
12
M I N T SERVICE
13
Domestic coinage
Silver coin
^
Minor coinage
Gold bullion in redemption fund
Production and deposits of gold
Earnings and expenditures
:
—
__
:
-
LOANS AND CURRENCY..:
13
13
14
14
15
15
16
PUBLIC MONEYS
17
ENGRAVING AND PRINTING
17
CUSTOMS
17
Reorganization of districts
Special agents
____1
18
19
:
INTERNAL REVENUE
.
20
PUBLIC BUILDINGS
21, 39
Hall of records
.,
22
PUBLIC H E A T L H AND MARINE-HOSPITAL SERVICE
Personnel
j
Expenditures
i
National quarantine service
Yellow f e v e r . . . _
Smallpox
Plague
Leprosy
:
_
Laboratory
Annual conference with State health authorjties
Examination of the Service and recommendations-
22
23
23
24
24
25
25
25
25
26
26
-
LIFE-SAVING SERVICE
26
REVENUE-CUTTER SERVICE
28
Vessels
Site for a depot
Personnel
Discipline .__
29
. 29
29
30
___..
cjj^
-: 1^3
S3
III
IV
CONTENTS.
REVENUE-GUTTER SERVICE—Continued.
Pensions
P a y of craws
Wireless telegraphy
SECRET SERVICE
Page.
31
31
31
:
31
DISTRICT OF COLUMBIA
32
STATE BONDS AND STOCKS OWNED BY T H E U N I T E D STATES
CENTRAL PACIFIC D E B T
33
'
TERRITORY OF H A W A I I . .
33
33
REVENUES
33
CURRENCY
34
T R U S T COMPANIES
P A N A M A BONDS
35
°_
36
SUBSIDIARY COINAGE
36
CLEAN MONEY
36
CUSTOMS ADMINISTRATION
36
DRAW:BACK
38
MERCI-IANT MARINE
j
38
PUBLIC BUILDINGS
MARINE ITOSPITALS
21, 39
.
40
VENTILATING SYSTEM
41
P R I N T I N G AND BINDING
ASSAY OFFICE AT N E W YORK
41
.
42
PNEUMATIC T U B E S
42
DEPARTMENT SAVINGS B A N K S
42
Tahles accompanying the report of the Secretary.
TABLE A.—Statement of t h e outstanding principal of t h e public debt of
the United States J u n e 30, 1905
TABLE B . — S t a t e m e n t of the outstanding principal of the public debt of
the United States on the 1st of J a n u a r y of each year from
1791 to 1843, inclusive; and on the 1st of July of each year
from 1843 to 1905, inclusive
TABLE C.—Analysis of the principal of the public debt of the United
States from .July 1, 1856, to July 1, 1905
TABLE D . — S t a t e m e n t of the issue and redemption of loans and T r e a s u r y
notes (by w a r r a n t s ) for t h e fiscal j^ear ended J u n e 30, 1905.
TABLE E . — S t a t e m e n t showing the purchase and redemption of bonds on
account of t h e sinking fund during each fiscal j^ear from its
institution in May, 1869, to and including J u n e 30, 1905
TABLE F.—Sinking-fund account for fiscal year 1905
TABLE G.—Population, net revenue, and net expenditures of the Government froni' 1837 to 1905, and per capita of the revenues and
per capita of expenditures
TABLE IT.—Internal and customs revenue and expenses of collecting from
1858 to 1905
-.
TABLE I.—Statement showing t h e revenues and expenditures of the Government by m o n t h s ; the legal-tender notes, net gold, and
available cash in the Treasury at the end of each m o n t h ;
t h e monthly redemption of legal-tender- notes in gold, and
t h e imports and exports of gold from J a n u a r y , 1879, to June,
1905, inclusive
1
47
59
GO
64
65
74
75
76
77
CONTENTS.
V
Fage.
TABLE J.—Statement of receipts of the United States from March 4, 1789,
to J u n e 30, 1905, by calendar years to 1843 and by fiscal
years (ended J u n e 30) from t h a t time
TABLE K . — S t a t e m e n t of expenditures of the United Sta.tes from March 4,
1789, to J u n e 30, 1905, by calendar years to 1843 and by
fisx-al years (ended J u n e 30) from t h a t time
TABLE L . — S t a t e m e n t of the net disbursements (by w a r r a n t s ) during the
fiscal j^ear ended J u n e 30, 1905
TABLE M . — S t a t e m e n t of the coin and paper circulation of the United
States from 1860 to 1905, inclusive, with amount of circulation per capita
TABLE N . — S t a t e m e n t of United States bonds and other obligations received and issued by the ofiice of the Secretary of the Treasury from November 1, 1904, to October 31, 1905
TABLE O.—Statement sho>Aang the aggregate receipts, expenses, average
number of persons employed, and cost to collect internal
revenue in the several collection districts during the fiscal
year ended J u n e 30, 1905
TABLE P.—Statement of customs business for the fiscal year ended J u n e
30, 1905
^
REPORT OF T H E TREASURER
90
94
97
98
99
100
107-239
Revenues and expenditures for 1904 and 1905
Comparison of income and outgo
:
Revenues and expenditures for the first quarter of 1905 and 1906
Receipts and disbursements on account of the Post-Office Department
Transactions in the public debt
The public debt, 1904, 1905, and first q u a r t e r of 1906
T h e reserve and t r u s t funds
Redemption of notes in gold
State of the Treasury, general.fund—cash in the vaults
Net available cash balance, 1890 to 1905
.
.
Gold in the T r e a s u r y from 1897
Calls on banks fqr p a r t of d e p o s i t s - _ - _ Bonds held as security for national-bank circulation and deposits
Classification by bonds pledged
__^
,
Classification of depositaries by S t a t e s . .
:
State and municipal bonds for public deposits
.,
The monetary stock, 1904, 1905, and first quarter of 1906
__.
Ratio of gold to total stock of money
Money in circulation
Circulation and population
-.—
Condition of the United States paper c u r r e n c y _ — _ _ _ — • - - United States notes
——
T r e a s u r y notes of 1890
Gold certificates
^—
Silver certificates
^
Ratio of small denominations to all paper
Denominations outstanding September 30, 1905
_-Classification of currency of $20 and below aud above $20
_
Demand for small notes
1
Changes in denominations outstanding since March 1,1900
Congress can provide remedies
Cost of paper currency
86
107
107
108
108
108
109
110
110
111
112
113
113
113
114
115
• 116
116
117
118
119
119
120
120,
121
122
122
123
123
124
124
125
125
VI
CONTENTS.
REPORT OF T H E TREASURER—Continued.
Average life of paper currency.^
P a p e r currency prepared for issue and amount issued
P a p e r currency redeemed
.
S t a n d a r d silver dollars
Movement of silver dollars
:
Maximum and minimum circulation of silver dollars by years
Subsidiary silver coin
Movement and redemption of subsidiaiy silver coin
Denominations of subsidiary silver coin in Treasury
Minor coins outstanding
Movement and redemption of minor coin
Minor coins in the T r e a s u r y by denominations
_._
T r a n s f e r s for deposits in New York—money for moving the crops
Gold deposits in mints and assay ofiices, 1903, 1904, and 1905
_._
Exchange paid for gold received a t mints and assay offices
Gold received in San Francisco paid for by exchange on New Y o r k . . .
Accumulation of gold a t San Francisco
Shipments of currency from Washington, 1904 and 1905
Redemption and exchange of all kinds of money
Redemption of national-bank notes
Exchanges for the government of the Philippine Islands
The recoinage, 1904 and 1905
:.
Spurious issues detected in the fiscal year
Special t r u s t funds and changes therein during the fiscal year
District of Columbia sinking fund-T h e work of the T r e a s u r e r ' s office
1
^age.
126
127
129
130
131
131
1.32
132
133
133
134
135
135
140
.140
143
144
144
146
146
147
147
148
149
149
150
Tal)les accompanying the report of the T r e a m r e r .
No. 1.—Revenues and expenditures for the fiscal year 1905
No. 2.—Net ordinary revenues, and expenditures for each q u a r t e r of
the fiscal year 1905
No. 3.—Receipts and expenditures on account of t h e .Post-Office Dep a r t m e n t for the fiscal year 1905
No. 4.—Post-Office Department w a r r a n t s issued, paid, and outstanding for the fiscal year 1905
•No. 5.—Receipts and disbursements of each kind of money on all accounts a t the T r e a s u r y in Washington for t h e fiscal year
1905
'
1
No. 6.—Receipts and disbursements of each kind of money on all accounts a t the subtreasury in Baltimore for the fiscal year
1905
No. 7.—Receipts and disbursements of each kind of money on all accounts a t the subtreasury in New York for the fiscal year.
1905—.^
No. 8.—Receipts and disbursements of each kind of money on all accounts a t the subtreasury in Philadelphia for the fiscal
year 1905
No. 9.—Receipts and disbursements of each kind of money on all accounts a t the subtreafeury in Boston for the fiscal year 1905
No. 10.—Receipts and disbursements of each kind of money on a i r accounts at the subtreasury in Cincinnati for the fiscal year
1905
153
153
154
154
155
156
15'^
158
159
360
CONTENTS.
REPORT OF T H E TREASURER—Continued.
VII
Page.
No. 11.—^Receipts and disbursements of each kind of money on all accounts at the subtreasury in Chicago for the fiscal year
1905—
161
No. 12.—Receipts and disbursements of each kind of money on all accounts a t the subtreasury in St. Louis for the fiscal year
^
1905
162
No. 13.—Receipts and disbursements of each kind of money on all accounts a t the subtreasury in New Orleans for the fiscal
year 1905
163
No. 14.—Receipts and disbursements of each kind of money on all accounts a t the subtreasury in San Francisco for t h e fiscal
year 1905
164
.No. 15.—Total receipts and disbursements of each kind of money on
all accounts a t the Treasury offices for the fiscal year 1905.
165
No. 16.—Assets and liabilities of the T r e a s u r y offices, J u n e 30, 1905___
166
No. 17.—Assets of the Treasury in the custody of mints and assay
offices, J u n e 30, 1905
167
No. 18.—General distribution of the assets and liabilities of the
Treasury
__-_
—
168
No. 19.—Distribution of the general T r e a s u r y balance, J u n e 30, 1905-.
168
No. 20.—Available assets and net liabilities of the T r e a s u r y a t the
close of June, 1904 and 1905
169
No. 21.—Assets and liabilities of the T r e a s u r y in excess of certificates
and T r e a s u r y notes a t the close of June, 1904 and 1905
169
No. 22.—Unavailable funds of the T r e a s u r y and Post-Office Department
170
No. 23.—Estimated stock of gold coin and bullion, the amount in the
Treasury, and the amount in cii'culation a t the end of each
month, from J a n u a r y , 1900
'
? 171
No. 24.—Estimated stock of silver coin, the amount in the Treasury,
and t h e amount in circulation a t the end of each month,
from J a n u a r y , 1900; also silver, other t h a n stock, held in
the T r e a s u r y
174
No. 25.—United States notes. T r e a s u r y notes, and national-baulv notes
outstanding, in the Treasury, and in circulation a t the end
of each month, from J a n u a r y , 1900
178
, No. 26.—Gold certificates, silver certificates, and currency certificates
outstanding, in the Treasury, and in circulation at the end
of each month, from J a n u a r y , 1900
.
181
No. 27.—Estimated stock of all kinds of money at the end of each
month, from J a n u a r y , 1900
185
No. 28.—Estimated amount of all kinds of money in circulation a t the
end of each month, from J a n u a r y , 1900
186
No. 29.—Estimated amount of gold and gold certificates, silver and
silver certificates, and notes and currency certificates in
circulation a t the end of each month, from J a n u a r y , 1900.
187
No. 30.—Assets of the T r e a s u r y other t h a n gold, silver, notes, and
certificates a t t h e end of each month, from J a n u a r y , 1900.
188
No. 31.—Assets of the T r e a s u r y at the end of each month, from January, 1900
189
No. 32.—Liabilities of the Treasury at the end of each month, from
J a n u a r y , 1900
190
. VIII
CONTENTS.
REPORT OF T H E TREASURER—Continued.
No. 33.—Assets of the T r e a s u r y in excess of certificates and Treasury
notes at the end of each month, from J a n u a r y , 1900
No. 34.—United States notes of each denomination issued, redeemed,
and outstanding a t the close of each fiscal year, from 1898.
No. 35.—Treasury notes of 1890 of each denomination issued, redeemed, and outstanding a t the close of each fiscal year,
from 1898
No. 36.—Gold certificates of each denomination issued, redeemed, and
outstanding at the close of each fiscal year, from 1898
No. 37.—Silver certificates of each denomination issued, redeemed,
and outstanding at the close of each fiscal year, from 1898.
No. 38.—Currency certificates of each denomination issued, redeemed,
and outstanding a t the close of each fiscal year, from 1898.
No. 39.—Amount of United States notes, T r e a s u r y notes, and gold,
silver, and currency certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal
year, from 1898
^
No. 40.—Amo.unt of paper currency of each denomination outstanding a t the close of each fiscal j^ear, from 1898.
No. 41.—Old demand notes of each denomination issued, redeemed,
and outstanding J u n e 30, 1905
-No. 42.—Fractional currency of each denomination issued, redeemed,
and outstanding J u n e 30, 1905
No. 43.—United States paper currency outstanding a t the close of
each fiscal year, from 1890
.
No. 44.—Compound-interest notes of each denomination issued, redeemed, and outstanding J u n e 30, 1905
.
...
No. 45.—One and two year notes of each denomination issued, re•?
deemed, and outstanding Jime 30, 1905
No. 46.—United States paper currency of each, class, together with
one and two year notes and compound-interest notes issued,
redeemed, and outstanding J u n e 30, 1905
• No. 47.—United States notes and T r e a s u r y notes redeemed in gold,
and imports and exports of gold during each month, from
J a n u a r y , 1900
:
No. 48.—United States notes and T r e a s u r y notes redeemed in gold,
and imports and exports of gold during each fiscal year,
•from 1895
No. 49.—Treasury notes of 1890 retired by redemption in silver dollars, and outstanding, together with the silver in the
T r e a s u r y purchased by such notes, for each month, from
.lanuary, 1900
No. 50.—Transactions between the subtreasury and clearing house in
New York during each month, from J a n u a r y , 1900
No. 51.—Amount of each kind of money used in settlement of clearing-house balances against the subtreasury in New York
during each month, from J a n u a r y , 1900
No. 52.—Monthly receipts from customs at New York and percentage
of each kind of money received, from J a n u a r y , 1900
No. 53.—Statement of the silver coin presented for exchange or redemption since 1895
:.No. 54.—Shipments of silver coin from each office of the T r e a s u r y
and Mint from July 1, 1885_
:_
.
Page.
191
192
/
194
195
196
198
199
201
203
203
203
204
204
204
204
205
206
207
208
209
210
210
CONTENTS.
REPORT OF T H E TREASURER—Continued.
No. 55.—Shipments of silver coin from the Treasury offices and mints
during each fiscal year from 1895, and charges thereon
for transportation
No. 56.—Balance in the Treasury, amount in Treasury offices, and
amount in depositary banks from 1789 to 1905
No. 57.—National banks designated depositaries of public moneys,
with the balance held by each September 30, 1905
No. 58.—Number of national banks with semiannual duty paid, by
^ fiscal years, and number of depositaries with bonds as
security, by fiscal y e a r s .
Kp. 59.—Average amount of national-bank notes in circulation, and
amount of duty paid thereon, during the fiscal year 1905
by national banks, in each State and Territory
:
JNO. 60.—Receipts and disbursements of public moneys through
national-bank depositaries, by fiscal years, from 1895
No.'61.---Seven-thirty notes issued, redeemed, and outstanding J u n e
. 30, 1905
.
—_
Ko. 62.—Coupons from United States bonds and interest notes paid
during the fiscal year 1905, classified by loans
No. 63.—Checks issued for interest on registered bonds during the
fiscal year 1905
No. 64.—Interest on 3.65 per cent bonds of the District of Columbia
paid during the fiscal year 1905
No. 65.—Refunding certificates issued under the act of Februarj^ 26,
1879, converted into bonds of the funded loan of 1907,
I purchased and outstanding
No. 66.—Public debt a t the close of June, 1904 and 1905, and changes
d u i i n g the year
No. 67.—P.ublic debt September 30, 1905, and changes since J u n e 30,
1905_—
-—
No. 68.—United States bonds retired, from May, 1869, to J u n e 30,
1905
—J
-_Ko. 69.—Bonds and other securities retired for t h e sinking fund during the fiscal year 1905, and total from May, 1869-______^
:NO. 70.—Bonds called, redeemed, and outstanding J u n e 30, 1905
No. 71.—Public debt, exclusive of certificates and T r e a s u r y notes, at
the end of each month, from J a n u a r y , 19(X)
. :NO. 72.—Lawful money deposited in the T r e a s u r y each month of the
fiscal year 1905 for the redemption of national-bank
notes
NO. 73.—Disbursements from redemption accounts of national banks
each month of the.fiscal year 1905
^—__
No. 74.—National-bank notes received for redemption from the principal cities and other places each month of t h e fiscal year
1905, in thousands of dollars
No. 75.—Redemptions and deliveries of national-bank notes each
month of the fiscal year 1905
No. 76.—Redeemed national-bank notes delivered from the Treasury
each month of t h e fiscal year 1905
Ko. 77.—National-bank notes received for redemption from the principal cities and other places, by fiscal years, from 1895,
in thousands of d o l l a r s . - .
_._
IX
Page.
210
211
213
223
223
224
224
224
224
225
225
225
226
227
228
228
231
232
2.32 '
233
233
233
234
X
CONTENTS.
REPORT OF T H E TREASURER—Continued.
Fage.
No. 78.—Result of the count of national-bank notes received for redemption, by fiscal years, from 1895
No. 79.—Disposition made of the notes redeemed a t the National
Bank Redemption Agency, by fiscal years, from 1895
No. 80.—Mode of payment for notes redeemed a t the National Bank
Redemption Agency, by fiscal years, from 1895
No. 81.—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 1895
No. 82.—^Deposits, redemptions, and transfers and repayments, on
account of national banks failed, in litiuidation, and reducing circulation, hy fiscal years, from 1895
^
No. 83.—Expenses incurred in the redemption of national-bank notes,
by fiscal years, from 1895
,
No. 84.—General cash account of the National Bank Redemption
Agency for the fiscal year 1905, and from July 1, 1874
No. 85.—National-bank notes outstanding a t the end of each month,
and monthly redemptions, from J a n u a r y , 1900
No. 86.—Average amounts of national-bank uotes redeemable and
amounts redeemed, by fiscal years, from 1895
No. 87.—Percentage of outstanding national-bank notes redeemed and
assorted each fiscal year, from 1896, by g e o g r a p h i c a r divisions
,
No. 88.—Average amount of national-bank notes outstanding, and the
redemption, by fiscal years, from 1875
No. 89.—Assets and liabilities of. the 5 per cent redemption fund of
national banks a t the end of each month of the fiscal year
1905
No. 90.—Changes during t h e fiscal year 1905 in the force employed in
the T r e a s u r e r ' s office
No. 91.—Appropriations made for the force employed in t h e Treasurer's office, and salaries paid during the fiscal year 1905__
REPORT OF T H E DIRECTOR OF T H E M I N T
^
Coinage of the year
T h e silver dollar
Subsidiary silver coins_
Minor coinage
Gold bullion in redemption fund
Denver niint
Deposits of gold bullion, fiscal year 1905
Uncurrent domestic gold coin for recoinage
Deposits of foreign gold bullion
'.
Deposits of foreign gold coin
*.
•
Deposits of jewelers' b a r s
Redeposits of gold bullion
_'
Recapitulation of gold deposits
Deposits and purchases of silver
Uncurrent domestic silver coin for recoinage'
Deposits of foreign silver bullion
Deposits of foreign silver coin
Redeposits of silver bullion
Recapitulation of silver deposits
234
234
234
235
235
236
236
237
237
23&
239^
239^
239'
239
241-376
:
241
241
242
242'
243
243:
244
244
245
245
245
246
246
247
248
248
248
249
249
CONTENTS.
REPORT OF T H E DIRECTOR OF T H E MINT—Continued.
Deposits of gold since 1873
Deposits of silver a t United States mints and assay offices since 1885.
Coinage of the United States
Coinage of t h e United States, weight and value since 1873
Recoinage of s t a n d a r d silver dollars
Recoinage of u n c u r r e n t coin
:
B a r s manufactured
^
Work of Government refineries
1
Silver bullion on which charges were collected
Purchases of silver
Quantity and cost of silver
Balances of silver bullion
M a r k e t price of silver, fiscal year 1905
Distribution of silver dollars
'
Seigniorage on silver coinage
^
Appropriations and expenditures
E a r n i n g s and expenditures of refineries, etc
,
Appropriations and expenditures of the Office of the Director of the
Mint, fiscal year 1905
E a r n i n g s and expenditures, mints and assay offices
Classified statement of expenditures
Movement of gold from port of New York
Net exports United States gold coin
Stock of money in the United States
Ownership of metallic stock
Stock and location of the metallic and paper money in t h e United
States
I_
Stock of gold and silver in United States since 1873
AVorld's stock of money December 31, 1904
Gold and silver used in the industrial arts in the United States, 1904.
Exchange of gold b a r s for gold coin_^
World's industrial consumption of precious metals, 1904
Production of gold and silver in the United States in 1904
WorlcVs production, 1902, 1903, and 1904
,
_--'_
World's coinage, 1902, 1903, and 1904
World's coinage by calendar years since 1873
.
Foreign coins melted by certain countries I
Recoinages of the world
^
Value of foreign coins
^
Laboratory of t h e Bureau of the Mint
•
Proceedings of the assay commission, calendar year 1905
Operations of t h e mint of the United States at—
Philadelphia, P a
San Francisco, Cal
New Orleans, La
Carson, Nev
Denver, Colo
Operations of the assay office of the United States at—
New York, N. Y
Boise, I d a h o
^
Helena, Mont
'-•
Charlotte, N. C
r—
St. Louis, Mo
__—__.^.
XI
Page.
^50
251
252
255
255
256
256
257
257
257
258
262
262
262
263
263
265
265
266
266
267
268
269
270
270
271
271
274
277
277
278
278
278
279
280
280
281
283
284
286
309
315
324
325
319
326
326
'327
328
XII
CONTENTS.
REPORT OF TPIE DIRECTOR OF T H E M I N T — C o n t i n u e d .
Page.
Operations of t h e assay oflice of t h e United States at—
Deadwood, S. Dak
Seattle, Wash
'_
Bullion operations, legal allowance a n d wastage, fiseal year 1905
Quantity of metal operated upon, wastage, a n d loss, fiscal year 1905.
Summary of t h e work of t h e minor assay offices
Melts of gold a n d silver for ingots m a d e a n d condemned
Receipts a n d disposition of gold bullion, 1905
^
Monetary legislation
Monetary statistics of foreign countries
328
329
330
330
332
332
333
334
334
Tahles accompanying the report of the Director of t h e Mint.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
1.—Deposits a n d purchases of gold, by weight
2.—Deposits a n d purchases of gold, by value
3.—Deposits a n d purchases of silver, by weight
4.—Deposits a n d purchases of silver, by v a l u e .
5.—Bars manufactured, by weight
6.—Bars manufactured, by value
7.—Uncurrent domestic coins, by denominations and face values,
received frora t h e Treasury and purchased over t h e counter_
8.—Assets a n d liabilities, fiscal year 1905
9.—Earnings a n d expenditures, fiscal year 1905
14.—Summary of imports a n d exports
15.—Quantity a n d cost of silver used in coinage of silver dollars,
and seigniorage on same, fiscal year 1905
16.—Seigniorage on silver, fiscal year 1.905
17.—Avera.ge price of a n ounce of gold in London a n d equivalent
value in United States since 1870
18.—Bullion value of t h e silver dollar a t t h e annual average price
of silver from 1837
19.—Production of gold and silver in t h e United States since 1792,
by years
.
20.—Coinage of nations, .1902, 1903, a n d 1904
21.—World's production of gold a n d silver, 1902, 1903, a n d 1904_22.—Production of gold a n d silver in t h e world since 1493, fine
ounces a n d values
24.—Authority for coining, changes in weight a n d fineness, a n d
amount coined of each coin
25.—Coinage of t h e United States, from organization of Mint
27.—Summary of monetary events since 1786
REPORT OF T H E COMPTROLLER OF T H E CURRENCY
Condition of national banks
Reserve
Loans a n d discounts
Rates for money
Capital, circulation, a n d bonds
E a r n i n g s a n d dividends
Changes in corporate titles
Extensions of corporate existence
• Liquidations a u d consolidations
Insolvent national banks
.
Organization of national banks
i
-
346
348
350
352
352
353
354
354
355
356
357
360
361
362
374
377-431
.
.
336
338
340
342
344
344
377
380
380
381
382
386
386
387
388
392
395
CONTENTS.
XIII
REPORT OF T H E COMPTROLLER OF T H E CURRENCY—Continued.
Page.
State, savings, a n d private banks
State a n d private bank failures
Savings banks
:
Building a n d loan associations
School savings banks
Banks in t h e island possessions
Growth of banking in t h e United States
Foreign banks of issue
Foreign savings banks
Banking power of t h e world
Z
Stock of money in t h e world
Money in t h e United States
Clearing-house transactions
Decisions relating to national banks
Personnel a n d expenses of t h e Currency Bureau_:
Annual report
Banking institutions in t h e District of Columbia
Bank examination a n d supervision
Increase in bank circulation
Limitation on issue of $5 notes
Limitation on reduction of circulation
Excessive loans
'
^,
.
,
REPORT OF T I I E REGISTER OF T H E TREASURY
398
401
402
406
407
408
410
413
415
417
418
419
421
422
423
424
• 424
425
1_ 428
429
429
430
433-453
Duties of t h e Register
:
Division of loans
Bonds received, issued, a n d canceled
Dividends of interest prepared on registered bonds
.
Philippine public improvement bonds, 4 per cent
City of Manila sewer a n d w a t e r bonds, 4 per cent
Spanish indemnity certificates
Unissued bonds on hand,-Ofiice of t h e Register, .lune 30, 1905
Summary statement showing dispositio*n of unissued bonds
Packages received a n d sent
Division of notes, coupons, a n d currency
.
Coupon bonds
;
Exchanged, redeemed, a n d transferred coupon bonds
Coupons
Place of payment, number, a n d amount of coupons received d u r i n g t h e
year
Number a n d amount of coupons on file J u n e 30, 1905
Currency
Different classes of notes received a n d destroyed
Gold certificates
I n t e r e s t checks
:
Issue, redemption, a n d outstanding of various old issues of t h e Government a t t h e close of t h e year
Redeemed vouchers on
file
-^
Vouchers canceled and destroyed
Recommendations
.
REPORT OF T H E COAIMISSIONER OF INTERNAL REVENUE
Receipts
Receipts in large tax-paying districts
Oleomargarine
^
:
i:
433
433
434
436
436
437
437
437
438
438
438
439
439
440
441
444
444
445
447
447
451
452
452
453
455-470
455
455
456
XIV
CONTENTS.
REPORT OF TI-IE COMMISSIONER OF INTERNAL REVENUE—Continued.
Cost of collecting t h e internal revenues aud recommendations concerning s a m e :
First. As to spirits gauged a t retifying houses and stamps furnished for packages of rectified spirits and wholesale liquor
dealers' packages without charge, etc
.
Second. Grape brandy w i t h d r a w n free of t a x for fortification of
sweet wines
Third. Alcohol w i t h d r a w n free of t a x for scientific piirposes
and use of t h e United States__l___i
Conduct of Bureau emploj^ees
Receipts for first three months, current fiscal year
Cost of collection
Estimated expenses for next fiscal year
^__
Salaries
:
Scale of salaries of collectors
Official force
J—_
Storekeepers, gaugers, etc
:
Internal-revenue receipts during the last two fiscal years
W i t h d r a w a l s for consumption during the last two fiscal years
- Aggregate collections made and reported to the Commissioner of Internal Revenue cluring t h e fiscal year euded J u n e 30, 1905:
By collection districts
By States and Territories
Amount of internal revenue collected in t h e several States, Territories, etc., t h a t have been consolidated with other districts, for the
fiscal year ended J u n e 30, 1905
Receipts for t h e past ten fiscal y e a r s . -
Page.
457
459
460
460
461
463
463
463.
464
464
465
466
467
468
469
470
470
ANNUAL REPORT ON THE FINANCES.
TREASURY DEPARTMENT,
Washington, D. C.j December 6^ 1905,
SIR: I have the honor to submit the following report:
RECEIPTS , A N D EXPENDITURES.
Fiscal year 1905.
The revenues of the Government from all sources (by warrants)
for the fiscal year ended June 30, 1905, were:
From customs
^261,798,856.91
From internal revenue
234,095,740.85
From revenues of the District of Columbia
5, 643,257.47
From sales of public lands
4, 859,249.80
From profits on coinage, bullion deposits, etc
4,419,593. 99
From reimbursement of loan to Louisiana Purchase Exposition
Company
'
4,404,942.96
From fees—consular, letters patent, and lands
4,087,561.88
From sales of Indian lands, proceeds of Indian labor, etc
3,965,087.32
From navy pension, navy hospital, clothing, and deposit funds
2,845,334.03
From immigrant fund
.'.
2,054, 600.85
From tax on circulation of national banks
!"
2,034,501.90
From trust funds, Department of State
1,230,954.67
From payment of interest by Pacific railways
1,000,007.59
From miscellaneous
<?
922,985.48
From customs and navigation fees, fines, penalties, etc
872,539.35
From prize money
749,005.20
From Soldiers' Home permanent fund
743,792.25
From sales of Government property
578,266.94
From judicial fees, fines, penalties, e t c . . .•
472,677.23
From sale of lands, buildings, etc
'.
458,673.93
From proceeds of dividends on Panama Railroad stock, etc
369,945.00
From deposits for surveying public lands
235,198.25
From sales of ordnance material
219,545.09
From contributions for river and harbor improvements
''
116,000.00
From tax on sealskins
134,233.80
From depredations on public lands
80,740.45
From license fees, etc., Territory of Alaska
67,334.26
From Alaska fund, act January 27, 1905
40,172.23
From Spanish indemnity
28,500.00
From part payment Central Pacific Railroad indebtedness
5,745,385^ 17
From postal revenues
544,274,684.85
152,826,585.10
Total receipts.
697,101,269.95
H . Doc. 9, 5 9 - 1
1
..
1
-
2
REPORT ON T H E FINANCES.
The expenditures for the same period were:
For the civil establishment, including foreign intercourse, public
buildings, Panama Canal, collecting the revenues, District of Columbia, and other miscellaneous expenses
|131; 887,291.65
For the military establishment, including rivers and harbors, forts,
arsenals, seacoast defenses, and expenses of the war with Spain
and in the Philippines
°
122,175,074.24
For the naval establishment, including construction of new vessels,
machinery, armament, equipment, improvement at navy-yards,
and expenses of the war with Spain and in the Philippines
117,550,308.18
For Indian Service
14,236,073. 71
For pensions
141,773,964.57
For interest on the public debt
24,590,944.10
For deficiency in postal revenues
15,065,257. 00
567,278,913.45
152,826, 585.10
For Postal Service
Total expenditures
720,105,498.55
Showing a deficit of
23,004,228.60
In addition to the revenues collected during the year and the
amounts received on the indebtedness of Pacific railroads, the cash
in the Treasury was increased $1,340 by the issue of 4 per cent bonds
in liquidation of interest accrued on refunding certificates converted
during the year.
The securities redeemed on account of the sinking fund were as
follows:
Fractional currency
Treasury notes of 1861
One-year notes of 1863
:
Seven-thirties of 1864 and 1865
Compound-interest notes
Old demand notes. <
Refunding certificates
»
Pive-twenties of 1862
Funded loan of 1881. called
Funded loan of 1891., called
Funded loan of 1891, continued at 2 per cent
Loan of 1904, called
Funded loan of 1907, purchased
National bank notes redeemed in excess of deposits
Total
.'....
,
:
;
T
-|2,140.80
100.00
145.00
300.00
330.00
565.00
140.00
10,000.00
200.00
10,750.00
1,000.00
483,000.00
300.00
3,299,440.50
3,808,411.30
SECRETARY OF T H E TREASURY.
3
C o m p a r e d w i t h t h e fiscal y e a r 1904, t h e r e c e i p t s for 1905 i n c r e a s e d
$12,886,896.21, as follows:
INCREASE IN RECEIPTS FOR
Object.
1904.
1905.
1905.
Increase.
o Gustoms
-,
$261,274,564.81 1261,798,856.91
I n t e r n a l revenue
232, 904,119.45 234,095,740.85
4,419,593.99
Profits on coinage, bullion deposits, etc.
6,373,396.28
Tax on sealskins, and r e n t of fox
134,433.80
197,460.70
islands
3,965,087.32
ai2,720.76
Sales.of Indian lands
547,774.22
578,266.94
Sales'of Government p r o p e r t y
,453,479.72
4,859,249.80
Sales of public lands
,454,344.47
5,643,257.47
District of Columbia
,j Navy pension, n a v y hospital, clothing,
!, 570,073.56
2,845,334.03
and deposit funds
,202,730.39
4,087,561.88
Fees—consular, letters patent,and lands
101,128.59
80,740.45
Depredations on public lands
831,572.41
872,539.35
Customs fees, fines, penalties, etc
407,252.71
472,677.23
Judicial fees, fines, penalties, etc
,662,835.01
2,054,600.85
I m m i g r a n t fund
205,757.33
235,198.25
Deposits for surveying public lands ..
,836,639.49
2,034,501.90
Tax on national banks
P a r t p a y m e n t Central Pacific Railroad
.,699,156.44
5,745,385.17
indebtedness
,782,468.97
1,000,007.59
P a y m e n t of interest by Pacific railways
Reimbursement by Louisiana P u r 195,057.04
4,404,942.96
chase Exposition Company
252,549.18
458,673.93
Sales of lands and buildings
129,843.06
219,545.09
Sales of ordnance material
22,830.00
7,293.10
Sales of old vessels
687,653.49
743,792.25
Soldiers' Home p e r m a n e n t fund
749,005.20
5,462.73
Prize money
1,230,954.67
,791,741.25
T r u s t funds, D e p a r t m e n t of State
28., 500.00
57,000.00
Spanish indemnity
Dividends on P a n a m a Railroad stock,
369,945.00
and subsidy
Contributions for r i v e r and' h a r b o r
116,000.00
improvements
198,683.55
107,506.49
Alaska fund, license fees, etc
673,453.79
915,492.38
Miscellaneous
Total ordinary receipts, exclu540,631,749.40
sive of post!lal revenues
143,582,624.34
Postal revenues
Aggregate r e c e i p t s .
684,214,373.74
544,274,684.85
152,826,585.10
Decrease.
$524,292.10
1,191,621.40
$1,953,802.29
63,026.90
852,366.56
30,492.72
2,594,229.92
188,913.00
275,260.47
115,168.51
20,388.14
40,966.94
65.424.52
39i;765.84
29,440.92
197,862.41
46,228.73
782,461.38
4,209,885.92
206,124.75
89,702.03
15,536.90
56,138.76
743,542.47
560,786.58
28,500.00
369,945.00
116,000.00
91,177.06
'242,'638.'59'
9,868,013.13 6,225,077.68
9,243,960.76
697,101,209.95 19,111,973.89 6,225,077.68
12,886,896.21
Net increase
T h e r e w a s a decrease of $5,879,447.10 in e x p e n d i t u r e s , as follows:
DECREASE IN EXPENDITURES FOR
Object.
1904.
1905.
1905.
Increase.
Decrease.
CIVIL ESTABLISHMENT.
LegislativeSalaries and expenses
$11,869,631.31 $11,909,506.63. $39,875.32
Executive p r o p e r Salaries and exDenses
306,437.32
6,451.69
299,985.63
P a n a m a Canal
3,918,819.83
$46,245,680.17
50,164,500.00
D e p a r t m e n t of S t a t e '8,961.94
Salaries and expenses
182,618.15
191,580.09
Foreifirn intercourse
4,191,884.86
2,621,815.18
1,570,069.68
Treasury D e p a r t m e n t Salaries and exnenses
212,056.19
3,564,094.95
3,776,151.14
Independent T r e a s u r y
753,953.15
746,793.05
7,160.10
102,272.06
IMints and assay oflaces
1,401,372.74
1,299,100.68
72,770.07
181,336.18
254,106.25
Territorial governments
Salaries, etc., internal revenue
195,684.36
4,384,545.74
4,188,861.38
Miscellaneous, internal r e v e n u e . . . .
599,876.62
845,285.93
245,409.31
344,502.66
Rebate of t a x on tobacco
345,277.35
774.69
Collecting customs revenue.
....
8,665,636.37 .9,115,499.44 '"449,* 863.'07'
Refunding excess of deposits, cus3,579,677.52
toms
3,353,261.63
226,415.89
J u d g m e n t s , Co.urt of Claims, cus22,261.20
22,261.20
toms....
5,950,289.99 1,046,273.98
Debentures or drawbacks, customs
4,904,016.01
29,806.60
Miscellaneous items, customs
209,278.68
179,472.08
j^QYQj^-QQ.Q^-j^^QP Service
1,524,763.63
1,610,812.54
86,049.01
85,057.21
153,275.15
68,217.94
New revenue vessels
REPORT ON T H E FINANCES.
DECREASE IN EXPENDITURES FOR 1905—Continued.
Object.
1904.
T r e a s u r y Department—Contimied.
Public Health and Marine-Hospital
Service
Life-SavinsT Service
E n g r a v i n g and printing
Public buildings
Fuel, etc., public buildings
Custodians and j a n i t o r s
F u r n i t u r e for public buildings
National Museum
Zoological P a r k
Smithsonian Institution
$1,424,362 73
1,779,443 69
2,756,163 65
10,188,592.82
961,447.87
1,048,939 01
321,921 70
285,945.60
85,230 69
134,859 75
I n t e r s t a . t p i ComTYiftrr.Ps CoTnTnifisioTi..
314,997 72
F r e n c h spoliation claims
32,638 55
Claims r e p o r t e d by Conrt of Claims
underBowman and Tucker acts..
1,263 00
Epidemic diseases
194,452.41
Louisiana P u r c h a s e Exposition, St.
Louis
10,037,267.18
Lewis a n d Clark Centennial Exposition, Portland, Oreg
69.40
J u d g m e n t s , Court of Claims and
United-States Courts, T r e a s u r y . .
9,365.44
Miscellaneous items
788,352.88
W a r Departmeni:—
2,489,757.62
Salaries and expenses
Navy D e p a r t m e n t Salaries a n d expenses
559,148.60
Interior D e p a r t m e n t Salaries and expenses
4,992,867 41
3,794,427.30
Public Lands Service
1,611,650.19
Reclamation fund
1,200,000.00
Colleges for agricult^re
Office building, House of R e p r e sentatives
756,452.05
Office building, Senate
3,000.00
J u d g m e n t s , Court of Claims
Miscellaneous items
1,660,080.26
Post-Office D e p a r t m e n t Salaries a n d expenses
1,412,363.05
Deficiency in postal revenues
6,602,530.86
Mail t r a n s p o r t a t i o n , Pacific rail739,706.12
ways
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
4,387,258.93
W e a t h e r Bureau
-.
1,227,147.57
D e p a r t m e n t o f Commerce and L a b o r Salaries a n d expenses
279,560.78
B u r e a u of Labor
185,082.61
Bureau of S t a n d a r d s
160,378.61
Census Office
1,219,765.38'
Coast a n d Geodetic Survey
744,675.23
Light-House Establishment
4,904,124.63
B u r e a u of Fisheries
520,312.66
Fish hatcheries
73,136.81
Steamboat-Inspection Service
389,741 73
Bureau of Immigration
18,389 56
Regulating immigration
1,233,422 42
Chinese-exclusion acts
459,588 99
Ellis Island, New York H a r b o r
158,067 10
J u d g m e n t s , C o u r t of Claims
9,796 20
Miscellaneous items
228,540.16
D e p a r t m e n t of J u s t i c e Salaries and expenses
602,600.38
Salaries of justices, assistant attorneys, etc
."^
1,397,393.08
Salaries, fees, and expenses of marshals
1,306,596.15
Fees of witnesses
796,279 15
Salaries a n d fees of district attorneys
442,329 74
Fees of j u r o r s
921,508 97
Fees of clerks
283,739 27
Fees of commissioners
128,763 68
Support of prisoners
731,303 67
P a y of bailiffs
149,730.61
Judgments, Court of Claims a n d
United States courts
35,143 54
Miscellaneous items
1,317,278 72
District of C o l u m b i a Salaries a n d expenses
9,392,025.10
Total Civil Establishment
186,766,702.92
1905.
Increase.
$1,290,092.32
1,840,505.21
2,866,340.62
10,934,783.10
994,378.93
1,205,654.87
417,961.17
464,112.71
105,548.68
141,144.02
331,437.23
652,950.36
$61,061.52
110,176.97
746,190.28
32,931.06
156,715.86
96,039.47
178,167.11
20,317.99
6,284.27
16,439.51
620,311.81
20,027.89
143,023.80
18,764.89
9,694,359.73
298,323.35
298,253.95
11,098.79
944,098.58
1,733.35
„155,745.70
110 512 28
2,379,245.34
136,115.74
77,989.31
5,070,856.72
3,595,934.19
3,882,020.53 2,270,370.34
1,200,000.00
140,857.20
783,010.39
15,786.93
l,079,a39.45
$134,270.41
51,428.61
342,907.45
695,264.34
Decrease.
780,010.39
15,786.93
198,493.11
615,594.85
580,740.81
66,260.88
1,478,623.93
15,065,257.00 8,562,726.14
740,641.75
935.63
5,202,586.85
1,334,877.66
815,327.92
107,730.09
522,063.94
176,256.13
190,158.64
1,410,870.02
926,412.61
4,449,658.25
604,983.48
55,096.48
396,260.49
27,089.71
1,483,020.14
544,416.25
71,829.05
9,072.99
26,965.07
242,503.16
29,780.03
191,104.64
181,737.38
84,670.82
6,518.76
8,700.15
249,597.72
84,827.26
454,466.38
18,040.33
86,238.05
723 21
201,575.09
678,952 04
76,351.66
1,434,232 56
36,839.48
1,312,753 23
824,210.94
6,157.08
27,931.79
448,471.50
1,049,731 22
267,692.64
120,182 34
706,028 88
185,490.03
6,141.76
128,222.25
35,759.42
13,096 79
1,311,458 39
11,678,356 49
8 826 48
16,046.63
8,581.34
25,274.79
22 046 75
5,820.33
2,286,331.39
146,952,548 65 21,325,533.64
61,039,687.91
SECRETARY OE T H E
TREASURY.
DECREASE IN EXPENDITURES FOR 1905—Continued.
Object.
1904.
1905.
Increase.
Decrease,
MILITARY E S ' J : A B L 1 S H M E N T .
National defense
Emergency fund
Pay Department
,
Extra pay,.war with Spain
Subsistence Department
,
Quartermaster's Department
Medical Department
•
Ordnance Department
Engineer Department
Signal Service
Military telegraph and cable lines..-...
Military Academy
Improving harbors
....
Improving rivers
Bringing home remains of officers, soldiers, and others
Military posts
National homes for disabled soldiers..,
State homes for disabled soldiers
Support of Soldiers' Home
Soldiers' Home permanent fund
Soldiers' Home interest account
Reimbursing States and Territories,
expenses of raising troops, Spanish
war
Refunding to States expenses incurred
in raising volunteers
Claims reported by Court of Claims
under Bowman and Tucker acts
Reimbursing Missouri for militia expenses
Judgments, Court of Claims and
United States courts
Miscellaneous items
,
Total Military Establishment.
27,418 380.58
275: 800.60
5,446; 558.73
28,958, 225.61
1,338: 716.28
12,815: 736.42
1,824: 384.97
561, 408.93
262. 000.00
414: 712.72
8,556: 726.53
13,989; 329.41
$63,225.22
$12, 953.60
46: 717.07
31,373: 083.65
584: 985.40
5,54i; 892.65
29,972; 958.41
1,138; 701.55
i4,ooi; 722.11
2,280, 947.00
237; 162.09
414, 947.00
477, 890.39
7,394, 493.02
15,419, 372.51
11,969.65
3,118,087.68
4,404,270.09
796,239.99
687,653.49
331,800.00
110,186.99
27,482.13
2,846;933.82
3,907,685.26
1,071,554.65
743,792.25
519,100.00
121,592:26
275,314.66
56,138.76
187,300.00
11,405.27
39,305.72
200,060.93
160,755.21
2,534,633.51
1,103,853.83
56,176.61
1,019,830.85
$46,717.07
3,953,703.07
309,184.80
95,333.92
1,014,732.80
1,185,985.69
456,562.03
153,947.00
63,177.67
1,430,043.10
$50,371.62
200,014.73
324,246.84
1,162,234.51
15,512.48
271,153.86
496,584.83
1,430,779.68
731,854.15
731,854.15
475,198.13
475,198.13
250,896.85
1,278,244.53
194,720.24
258,363.68
115,035,410.58
122,175,074.24 11,074,949.73
3,935,286.07
91,752.40
39.638.188.84
7,696,779.34
6,429,908.79
1,499,496.59
8,512,234.78
3,795,316.37
3,763,322.61
6,317,737.24
717,814.56
3,798,984.05
1,880,997.40
17,858,964.77
27,440.73
13, 749.44
47,418, 091.03 7,779,902.19
8,911, 207.78 1,214,428.44
5,893, 851.37
1,758, 711.20
259,214.61
7,944, 886.71
3,940, 574.96
'145* 258.'59
4,143, 684.10
6,198, 930.26
796, 419.42
78,604.86
3,944, 263.22
145,279.17
2,748, 867.07
867,869.67
18,264, 719.47
405,754.70
1,164, 774.87 1,137,334.14
78,003.96
NAVAL ESTABLISHMENT.
Emergency fund..
Increase of t h e N a v y
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 and Accounts
Bureau of Medicine and Surgery
Marine Corps
•
Naval Academy
P a y of t h e N a v y
,
P r i z e money
J u d g m e n t s , b o u n t y for destruction of
enemies' vessels
J u d g m e n t s , Court of Claims and United
States c o u r t s
Claims r e p o r t e d by Court of Claims
u n d e r Bowman a n d Tucker acts
General account of advances
Miscellaneous items
536,057.43
*567,'348.'67
118,806.98
32,849.67
16,338.37
16,511.30
288,572.67
149,145.34
139,427.43
103,956,101.55
424,070.16
424,070.16
3,161,400.51 3,161,400.51
50,882.26
656,623.00
117,550,308.18 16,050,360.79
Indian Service
Pensions
I n t e r e s t on t h e public debt..
10,438.350.09
142,559,266.36
24,646,489.81
14,236,073.71
141,773,964.57
24,590,944.10
3,797,723.63
Total o r d i n a r y expenditures, exclusive of Postal Service
Postal Service
582,402,321.31 567,278,913.45
143,582,624.34 152,826,585.10
53,148,567.78
9,343,960.76
67,271,975.46
725,984,945.65
61,393,538.54
67,371,975.64
Total Naval Establishment.
Aggregate e x p e n d i t u r e s .
N e t decrease
605,740.74
720,105,498.55
1,456,154.16
785,301.79
55,545.71
5,879,447.10
6
REPORT ON THE FINANCES.
Fiscal year 1906.
The revenues of the Government for the current fiscal year are
thus estimated upon the basis of existing laws:
Prom
From
From
From
customs
internal revenue
miscellaneous sources
postal revenues
.'
$286,000,000.00
242,000,000.00
40,000,000.00
.•. 170,590,515. 00
Total estimated revenues
738,590, 515.00
The expenditures for the same period are estimated as follows:
For
For
For
For
For
For
For
For
the civil establishment
the military establishment
the naval establishment
the Indian Service
pensions
public works.
interest on the public debt
Postal Service
1128,000,000.00
93,000,000.00
118,000,000.00
13,000,000. 00
143,000,000.00
57,000,000.00
24,000,000.00
170,590,515.00
:
Total estimated expenditures . . . .:
Or a deficit of
746,590,515.00
;
8,000,000.00
Fiscal year 1907.
The estimates of appropriations required for the fiscalyear 1907,
as submitted by the Executive Departments and offices, are as
follows:
Legislative establishment
Executive establishment—
Executive proper
State Department
Treasury Department
War Department
Navy Department
Interior Department.
Post-Office Department
Department of Agriculture
Department of Comjnerce and Labor
Department of Justice
Judicial establishment
Foreign intercourse
Mihtary estabhshment
Naval establishment
Indian affairs
Pensions
Public v^orks—
Legislative
".
Treasury Department
War Department
Navy Department
Interior Department
Department of Commerce and Labor
Department of Justice
$5,470,600.75
$383,750.00
236,250.00
10,270,144.50.
2,043,276.00
746,750.00
5,461,199.00
• 1,623,700.00
7,626,210.00
2,340,099.80
334,760.00
.'.
31,066,139.30
973,941.00
3,795,117.72
70,170,719.04
108,790,709.73
8,212,528.23
141.345,500.00
|7,000.00
6,601,533.20
27,016,129.98
12,775,009.09
424,274.00
441,000.00
355,000.00
47,619,946.27
SECRETARY OF THE TREASURY.
Miscellaneous—
Legislative
Treasury Department
War Department
Interior Department
Department of Justice
Department of Commerce and Labor
District of Columbia
7
|5,853,234. 62
13,476, 316.73
5,931,342.73
3,627, 955.00
6,913,872.00
6,452, 838.35
11,299, 264.00
Postal Service, including $11,636,806 deficiency in postal revenues..
Permanent annual appropriations—
Interest on the pubhc debt
$24,000,000.00
Refunding—customs, internal revenue, etc
14,290,000.00
Collecting revenue from customs
5, 500,000.00
Miscellaneous, exclusive of sinking fund and
national-bank redemption fund
17,286,320.00
-„ :
Total
$53,554,823.43
193,210,070.00
61,076,320.00
725,286,415.47
OPERATIONS OP THE TREASURY.
The ordinary revenues for 1905, as compared with 1904, show an
increase of $3,642,935.45, while the expenditures were less by
$15,123,407.86. The net result for the fiscal year was an excess of
expenditures over revenues of $23,004,228.60.
For the past two years the expenditures of the Government have
been in excess of the revenues to the aggregate amount of more than
$64,000,000. This, however, included the extraordinary expenditures in 1904 of $50,000,000 on account of the Panama Canal.
During the fiscal year 1905 there was an addition of $900 to the
interest-bearing debt, while there were reductions of $600,675 in the
items on which interest had ceased since maturity, and $3,302,146.30
in the debt bearing no interest. The net reduction was $3,901,921.30.
The available cash balance in the general fund June 30, 1905, was
$145,477,491.89, a reduction for the year of $26,574,076.13.
The revenues for the first quarter of 1906 were $147,014,725.10 and
the expenditures $156,588,966.66, an excess of expenditures over
receipts of $9,574,241.56. In the first quarter of 1905 expenditures
were $17,856,615 in excess of receipts.
United States notes to the amount of $11,517,579 and Treasury
notes for $340,675.were redeemed in gold from the reserve fund
during the last fiscal year. The redeemed notes were immediately
exchanged for gold, and the reserve was thus kept intact.
The trust funds at the close of the fiscal year 1905 amounted to
$992,467,969, a net increase for t h e y e a r of $14,723,400.
The total amount of United States paper currency issued during
the last fiscal year was $637,750,000, and the redemptions were
$623,026,600. Gold certificates increased $23,499,400, while silver
certificates were reduced $5,211,000 and Treasury notes $3,565,000.
8^
REPORT ON THE FINANCES.
The annual cost of maintenance of the paper currency issued by the
Government averages about two-tenths of 1 per cent of the amount
outstanding. >
National-bank notes to the amount of $308,298,760 were presented
for redemption during the year. This was 65.84 per cent of the
average amount of notes outstanding. The expenses incurred Avere
$247,973.26, Avhich have been assessed upon the banks at the rate of
$0.80JVVV P^I" $1,000 of their notes redeemed.
The deposits in national banks to the credit of the general fund
at the beginning of the year were $102,290,863.64, but the excess of
expenditures over revenues in the early part of the year soon made it apparent that the cash in the Treasury vaults would be reduced
below the limit required by prudence. Calls were therefore issued
withdrawing from the depository banks a part of the public moneys
held by them, and the balance therein to the credit of the general
fund at the close of the fiscal year 1905 was $65,084,246.87. This
withdrawal of public funds from the banks was accomplished without disturbance to business.
The withdrawal of public moneys from depositary banks released
a considerable amount of Government bonds, which the banks have
used largely as a basis for increasing their circulation. The bonds
pledged to secure bank circulation have increased $52,050,250 during
the year, while those pledged to secure public deposits have
decreased $39,578,600.
During the year $68,739,793 was added to the money in circulation.
The per capita circulation advanced from $30.77 J u l y l , 1904, to
$31.38 November 1, 1904; then declined to $30.86 April 1, 1905, and
at the close of the year, J u n e 30, 1905, stood at $31.08. By October
1,1905, the total money in circulation had advanced to $2,624,230,391,
a per capita circulation of $31.39, 42.8 per cent of which'was gold.
To maintain the present per capita circulation the increase in
population of the country makes it necessary to add about $50,000,000
to the monetary stock each year.
The gold in the Treasury, including the reserve and trust funds,
October 9, 1905, amounted to $739,898,600.36, a sum never equaled
in our annals; nor has any other government ever held so much of
the pxecious metal.
The demand for small denominations of currency has been continuous throughout the year. The volume of United States paper
currency of the denominations of $10 and under has increased
$167,186,321 since March 1,1900, but only $14,629,320 of this increase
jbook place during the last fiscal year. BiUs of the denomination of
$20 and over have been redeemed and reissued in the smaller denominations in an effort to respond to the demands for small notes.
The limit has practically been reached in making changes in the
SECRETARY OF THE TREASURY.
9
denominations outstanding through the process of redemption and
reissue. In future the redemption of outstanding large United States
notes and silver certificates will be too slow to meet the call for small
bills. «
During the past year the usual facilities have been extended to
aid in the movement of the crops. The deposits for transfer in the
New York and Chicago subtreasuries were $30,093,034, for which payments by telegraph were made at other points in the denominations
required to meet the demands of the locality in which the funds were
to be used. Heretofore the Treasury has been able to keep up this
exchange by vigilance and forethought in the preparation of currency for the anticipated needs. If these accommodations are to be
continued, some action must soon be taken by Congress to enlarge
the volume of small notes.
The moneys received in the redemption and exchange account
during the fiscal year 1905 amounted to $1,150,625,763, and were
equal to 44 per cent of the money in circulation at the close of the
year.
The silver dollars in circulation J u n e 30, 1898, were $58,482,966.
The amount of this coin distributed at Government expense for
transportation, from July 1, 1898, to June 30, 1905, was $275,536,512,
but the amount in circulation on the latter date was only $73,584,336.
Subsidiary silver coin to the amount of $27,606,185 was distributed
to depositors during the last fiscal year. The average rate for transportation on shipments of silver coin during the year was $1.90 per
$1,000.
NATIONAL BANKS.
At the close of the year ending September 30, 1905, 5,831 national
banks, with authorized capital stock of $810,654,075, were in active
operation.
Since the national banking system was first authorized there have
been 438 failures and 1,661 voluntary liquidations of nationalbanks.
As the approximate duration of an insolvent national-bank receivership is four years, the average loss sustained by creditors of all failed
banks can not now be stated exactly; but, assuming that the loss on
the unsettled trusts will not be greater than on those which have been
fully wound up, this loss will not vary materially from 22 per cent.
The impetus given to the organization of national banking associations b y t h e act of March 14, 1900, which authorized the incorporation of national banks with minimum capital of $25,000, permitted
the issue of circulation to the par value of bonds deposited, and
reduced the tax on circulation, together with the generally prosperous
business conditions which have existed since its passage, has resulted
in the organization of 2,666 national banks. This is, practically, onethird of the whole number of national banks chartered during the
existence of the national banking system. The capital of the banks
10
REPORT ON T H : E FINANCES.
organized in this period was $157,502,800, and the amount of charter
bonds deposited was $38,930,550, the latter being less than one-fourth
of the amount which might have been deposited as security for circulation. Of these banks, 1,727, with a total capital of $45,060,000,
were incorporated under the act of March 14, 1900, and 939, with a
capital of $112,442,800, under the act of 1864. Of these charters, 294
were issued to State banks as a result of conversions to the national
banking system; 891 to banks organized to succeed State and private
banks liquidated for the purpose, and 1,481 to banks of primary
organization. The conversions and successions represent about 45
per cent of the banks chartered, and approximately 50 per cent of
the authorized capital stock.
In the year ended September 30, 1905, 513 banks were chartered,
with a capital of $34,765,500. This includes 199 associations with
a capital of $50,000 or over and 314 of a smaller capitalization. The
numberof primary organizations was 2 75, with a capital of $15,102,500;
of reorganizations of State and private banks, 190, with $16,243,000
capital, and of conversions of State banks, 48, with a capital of
$3,420,000.
In the table on the following page is shown the distribution of
national banks organized from March 14, 1900, to September 30,
1905, together with the number and capital of each class of banks.
11
SECRETARY OP T H E TREASURY.
SUMMARY, BY STATES, GEOC4IIAREIICAL DIVISIONS, AND CLASSES, OF NATIONAL BANKS
ORGANIZED FROM MARCH 14, 1900, TO SEPTEMBER 30, 1905.
No.
Maine
New H a m p s h i r e
Vermont
Massachusetts
Rhode Island
Connecticut
Capital.
3
1
4
$75,000
25,000
100,000
No.
5
2
1
New York
New J e r s e y
Pennsylvania
Delaware
Maryland
..
District of Columbia.
..
Total E a s t e r n States
1
.'
.
Total Southern States
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total Middle Western States
N o r t h Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Indian T e r r i t o r y
Total W e s t e r n States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Total Pacific States
Hawaii
P o r t o Rico
Total Islands
Total United States
Capital.. No.
$285,000
200,000
100,000
3,750,000
500,000
100,000
4,935,000 ~ 3 3 ~
5,185,000
93
37
281
5
27
2
9,722,500
1,680,000
21,937,000
145,000
1,327,000
550,000
230 29,745,000
445
816,000 ~20~ 1,760.000
51
775,000 2L 1,830,000
49
6
410,000
550,000
22
6
10
100,000
810,000
19 1,565,000
40
578,000
12 1,300,000
21
250,000
45
602,500 . 22 1,650,000
15
80,.000 12 1,375,000
23
225,000
14 2,460,000
5,415,000 88 7,150,000 288
23
13 1,200,000
250,000
•57
1,000,000 18 3,020,000
27
385,000 12 ^ 1,245,000
35,361,500
2
, 50,000
2
250,000
23
"46
21
125
5
18
1,177,500
555,000
3,242,000
145,000
497,000
47
16
156
8,545,000
1,125,000
18,695,000
9
2
830,000
550,000
215
5,616,500
16
4
21
9
23
3
9
200
10
39
15
Capital.
$360,000
225,000
200,000
3,750,000
500,000
150 000
10
S
Total
organizations.
8
3
5
12
1
4
-
Total New England States
Virginia
West Virginia
N o r t h Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Capital
$50,000+.
Capital
—$50,000.
States, etc.
263 25,915,000
408
10,886,500
83
55
100
8
28
147
91
31
2,205,000
1,450,000
2,585,000
215,000
725,000
3,761,000
2,410,000
825,000
543
14,176,000
77
44
58
59
5
5
25
11
90
101
1,940,000
1,105,000
1,510,000
1,530,000
130,000
125,000
666,000
280,000
2,275,000
2,630,000
4
5
10
20
4
4
20
5
11'
20
200,000
250,000
550,000
1,350,000
460,000
200,000
1,650,000
300,000
800,000
1,105,000
475
12,191,000
103
7
16
24
17
5
1
5
180,000
400,000
626,000
425,000
130,000
25,000
130,000
75
1
2,576,000
2,605,000
960 000
910,000
2,143,000
1,550,000
2,252,500
1 455 000
2,685,000
12,565,000
1 450 000
4,020,000
1,630,000
671
36,801,500
9,880,000
4,950,000
6,640,000
3,080,000
2,230,000
1,850,000
2,010,000
4,835,000
146
99
148
21
45
166
124
47
12,085,000
6,400,000
9,225,000
3,295,000
2,955,000
5,611,000
4,420,000
5,660,000
253 35,475,000
796
49,651,000
81
49
68
79
9
9
45
16
101
121
2,140,000
1,355,000
2,060,000
2,880,000
590,000
325,000
2,316,000
580,000
3,075,000
3,735,000
6,865,000
5;8
19 056 000
8
3
42
4
2
2
3
1
720,000
200,000
7,012,800
250,000
225,000
300,000
150,000
50,000
15
19
66
21
7
3
8
1
900,000
600,000
7 637 800
675,000
355,000
325 000
280,000
50 000
1,915,000
65
8,907,800
140
10,822,800
25,000
1
1
500,000
100,000
525,000
100,000
2
600,000
2
1
3
1
2§,000
1,727
45,060,000
a Bonds deposited $38,930,550.
63
44
48
13
17
19
33
16
625,000
939 112,442,800 2,666 al57,502,800
12
REPORT ON T H E EINANCES.
As a result of liquidations, voluntarily and by reason of insolvency, the net increase in number of banks and amount of authorized
capital from March 14, 1900, to September 30, 1905, was 2,214 and
$194,345,980, respectively. This growth was attended with an increase
in circulaticJn from $254,402,730 to $516,352,240, or $261,949,510.
On September 30, 1905, national-bank circulation formed approximately, 17-J- per cent of the stock of metallic and other currency in
the United States. Excludmg 14 banks, temporarily in charge of
receivers, and which subsequently resumed business, there were 65
failures and 386 voluntary liquidations from 1900 to 1905. In the
year ending * September 30, 1905, there were 22 failures and 116
voluntary liquidations, the capital of the failed banks being
$1,985,000 and of those placed in voluntary liquidation $22,784,500.
The number of national banks in operation, tlieir authorized capital stock, bonds on deposit as security for circulation, circulation
secured by bonds and by lawful money, and the total amount of
circulation outstanding, together with the average monthly market
price of 2 per cent consols, from October 31, 1904, to September 30,
1905, are shown in the following table :
Date.
1904.
October 31 . . . .
November 30..
December 31..
1905.
J a n u a r y 31 —
F e b r u a r y 28...
March 31
April 30
May31
J u n e 30
J u l y 31
August 31
September 30..
Number of
banks.
Capital.
Bonds on
deposit.
Average Circulation secured by—
monthly
Total cirmarket
culation
price of 2
outstandLawful
per cent
Bonds.
ing.
money.
consols
of 1930.
5,495 $781,126,335 $426,544,790
5,619
784,821,335 431,075,840
5,554 785,411,335 433,928,140
105.0000 $424,530,581 $32,750,919
104.7838 427,947,505 32,731,570
104.8725 431,841,785 32,952,371
$457,281,500
460,679,075
464,794,156
5,581
5,605
5,644
5,670
5,713
5,750
5,772
5,807
5,831
104.6850 435,807,901
104.7727 438,370.084
105.1389 444,870,179
104.9837 449,147,766
104.8510 456,239,096
104.7500 463,669,415
104.0150 471,615,771
104.4213 . 478,786,165
104.8525 481,688,526-
31,614,952
30,833,756
31,078,766
32,097,179
32,088,420
33,050,392
32,355,624
33,434,202
34,663,714
467,422,853
469,203,840
475,948,945
481,244,945
488,327,516
495,719,807
503,971,395
512,220,367
516,352,240
791,559,335
791,674,335
791,849,335
798,987,315
801,615.315
801,330,315
807,622,875
808,561,075
810,654,075
439,529,040
441,788,140
449,009,890
452,855,790
461,150,290
468,066,940
476,938,290
482,198,090
484,810,890
Condition of national tanking associations.
Latest reports from national banking associations, made in response
to the call of the Comptroller of the Currency, show the conditions
existing on August 25, 1905. These reports cover 5,757 banks, with
a paid-in eapital stock of $799,870,229 and a surplus of $417,757,591.
This surplus is nearly three times the amount required to be accumulated under the law. In addition to the surplus, the earnings
carried as *'other undivided profits" amount to $202,536,366, the
surplus and undivided profits together amounting to over 77 per
cent of the paid-in capital. Deposits to the credit of individuals
are $3,820,681,713 and t o ' t h e credit of banks $1,624,877,581; the
aggregate liabilities are $7,472,350,878. The banks' principal items
SECEETARY OE T H E TREASURY.
'
13
of resources are as follows: Loans, $3,998,509,152; bonds, securities,
and Other investments, $1,239,342,700; specie, $495,479,453 (of which
$397,332,952 is in gold and gold certificates), and legaltenders,
$170,073,847.
Comparing the returns on August 25,1905, with those of September
6, 1904, there is an increase of 345 in the number of reporting banks
and an increase in capital of $29,092,375. Individual deposits
increased $362,465,045 and bank deposits $63,625,240. UnitedStates
deposits and deposits of United States disbursing ofScers were reduced
$48,676,631. The deposit liabilities on which reserve was required
amounted August 25, 1905, to $4,735,477,535, on which a reserve was
held of 27.33 p e r c e n t . The corresponding items on September 6,
1904, were $4,400,935,409, and 28.28 per cent, respectively. The
increase in loans and discounts was $272,357,733, in bonds, etc.,
$82,010,558, and in holdings of lawful money $4,096,771. There was
a gain of $13,366,253 in legal tenders, but a decrease of $9,269,482 in
specie. The increase in aggregate resources was $497,264,374.
MINT SERVICE.
Domestic coinage.
The domestic coinage of the mints during the fiscal year amounted
to 152,422,302 pieces, of the value of $91,172,729.83. Of this,
$79,983,691.50 was gold coin. The coinage of the standard silver
dollars was $310; of subsidiary silver, $9,123,660.60, and of minor
coin, $2,065,067.73. The silver dollars were coined from bullion purchased under the act of July 14, ^1890. Of the subsidiary silver,
$7,752,131.75 was likewise coined from this bullion.
Silver coin.
The stock of bullion purchased under the act of July 14, 1890,
became wholly exhausted during the past j^ear. The coinage of silver
dollars is necessarily discontinued, and no subsidiary silver coins
are being made except by the recoinage of the abraded and uncurrent coins of the same denominations as they accumulate in the
Treasury. It probably will be necessary during the coming year to
draw on some other supply of silver to meet the constant demand for
these coins, and I recommend that the Secretary of the Treasury be
authorized to cause the recoinage of abraded and uncurrent silver
dollars, in amounts not exceeding $5,000,000 per year, into the several
denominations of subsidiary coins as they are required. These
abraded dollars, unfit for circulation, are accumulating, and some
provision for their recoinage should be made. They can not be
recoined into dollars without a loss which the Secretary of the Treasury is not authorized to incur. As the subsidiary coins are of lighter
proportionate weight than the dollar pieces, the latter may be converted into them without loss to the Treasury or to the circulation.
In view of the enormous additions now being made to the country's
14
REPORT ON T H E FINANCES.
monetary stock by the coinage of gold, the objection sometimes suggested that the stock of full legal tender money would be reduced
by such conversion seems unimportant.
I would invite your attention, also, to a feature of the law governing
the issue of subsidiary coins which should be changed. Section
3527, Revised Statutes, provides that ''silver coins other than the
trade-dollar shall be paid out at the several mints, and at the assay
office in New York City, in exchange for gold coins at par, in sums
not less than one hundred dollars." Under this mandatory statute
the mints are called upon to supply new coin, although there may
be an abundance of coin in good condition for use in all the
offices of the Treasury. The purpose of the applicants is to obtain
coin which has never been in circulation. Instances have been
noted of banks and department stores which made a specialty, for
advertising purposes, of paying out only new coin. The manufacture and issue of new coin by the mints, when the Treasury already
holds a stock ample to supply all needs, involves useless expense;
it causes a redundancy in the circulation and forces an equal quantity
into the Treasury for redeinption. It is evident that the system is
wrong, for if the practice of obtaining new coin at the mints continues to grow the Treasury will be unable to put out any coin that
has been in circulation. The issue and redemption of these coins
should be through the Treasury and subtreasuries only. I recommend the repeal of the provision quoted, which requires issue hy the
mints and assay office.
Minor coinage.
Section 3528, Revised Statutes, provides a minor coinage metal
fund not exceeding $50,000, which the Secretary of the Treasury may
place at the disposal of the superintendent of the mint at Philadelphia
for the purchase of metal for the one and five cent coins. The total
value of metal in the mint for this purpose, ineiuding that in all stages
of coinage, can not therefore exceed $50,000. When this fund was
created by the act of February 28, 1873, the amount was ample (the
total minor coinage for that year was $494,050), but last year the
minor coinage amounted to $2,065,067.73, and in the month of October
alone to $285,350. The fund is inadequate to handle this volume of
business, and inconvenience is experienced in consequence. There
is no good reason why the making of minor coins should be restricted
to the mint at Philadelphia. The Secretary of the Treasury should
be authorized to use any of the mints for this coinage and to increase
the minor coinage metal fund to a maximum of $250,000.
Gold hullion in the redemption fund.
In my report of 1904 attention was called to the fact that the provision of the monetary act of March 14, 1900, requiring that when-,
ever the gold coin in the redemption fund shall fall and remain
SECRETARY OE THE TREASURY.
' 15
below $100,000,000 the issue^of gold certificates shall cease, virtually
restricts the amount of bullion in the redemption fund to $50,000,000.
No good purpose is served by arbitrarily fixing the proportions of
coin and bullion in this fund, and it was probably unintentional.
The law in its first section directs the Secretary of the Treasury to
maintain a reserve fund of $150,000,000 ' ' i n gold coin and bullion,"
apparently leaving the relative proportions to the discretion of the
Secretary. In another section, the purpose of which was to prevent the depletion of the fund below $100,000,000, the provision
referred to is made. The security and effectiveness of the fund
would not be diminished if this section was made to read that
** whenever and so long as the gold coin and bidtion held in the
reserve fund in the Treasury for the redemption of United States
notes and Treasury notes shall fall and remain below one hundred
million dollars," etc. There is practical convenience and advantage
in having a considerable share of the gold in the reserve fund in the
form of bullion. No important demand upon the Treasury for gold
ever occurs except for export, and for that purpose bullion is always
preferred by the shipper and is the most desirable form of payment
for the Government, as it saves the cost of coinage. The law as it
stands has the practical-effect of limiting the Treasury holdings of
bullion and of causing an unnecessary amount of coinage. I recommend the amendment of section 6 of the act of March 14, 1900, to
read as above.
Production and deposits of gold.
The production of gold in the United States for the calendar year
1904 is estimated at $80,464,700, and the industrial consumption at
$28,655,963, of which $22,930,036 was of new material. The original
deposits of gold at the several mints and assay offices aggregated
$143,378,969.86.
E a r n i n g s and expenditures.
The earnings and gains of the Mint Service during the fiscal year
endiifg J u n e 30, 1905, were 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
Received for special assays
Sale of by-products
Received for manufacturing appliances for Government institutions
Received for coinage for foreign countries
Received for coinage for Philippine government
Total earnings and gains,,
$246,861.58
11,495.09
36,158.03
93.07
2,772,737.37
1,668,986.79
1,738.85
69,604.45
, 8,512.22
2,986.00
28,396.50
974.32
51,720. 48 ,
134,370.71
5,034,635.46
16
REPORT ON THE EINANCES.
The expenditures were as follows:
Equipment, Philadelphia mint
Equipment (new machinery), San Francisco mint
Equipment, Denver mint
Transfer of gold coin and bullion betv^een mints and assay oflflces
Paid in salaries and wages
Contingent expenses (less wastage and loss in sweeps sold)
"Wastage and loss on sweeps
Expense of distributing minor coin
Loss on recoinage, minor coin
Total expenditures and loss
$18,624.37
1,600.00
131,360.08
54,792.45
1,037,917.47
438,027.39
25,970.24
26,036.32
11,287.38
1,745,615.70
LOANS AND CURRENCY.
The outstanding principal of the public debt June 30, 1905, was
$895,158,340, an increase of $900 in the fiscal year, due to the issue
of 4 per cent bonds of the funded loan of 1907 in settlement of
accrued interest on 4 per cent refunding certificates' surrendered
during the year, in accordance with the act of February 26, 1879.
On October 2 the refunding of. 3 per cent bonds of the loan of
1908-1918 and 4 per cent bonds of the funded loan of 1907 into 2 per
cent consols of 1930 was resumed in pursuance of the circular published September 28, 1905, the outstanding bonds to be received at
a valuation equal to their present worth to realize an income of 2^
per cent per annum, and the 2 per cent consols to be issued at a
premium of 1 per cent. These terms differ from those of the refunding under the circular of September 23, 1903, only in the premium
charged for the new bonds, which is 1 per cent less than in 1903.
Up to and including November 15 there were refunded $10,488,300
three per cent bonds and $33,422,950 four per cent bonds, for which
the Department has issued $43,911,250 two per eent consols of 1930.
The interest-bearing debt of the United States outstanding November 1, 1905, was $895,158,940. Of this amount, bonds of the face
value of $549,599,590 were held by the Treasurer of the United
States in trust for national banks as security for circulating notes
and deposits, leaving $345,559,350 in the hands of other investors.
The changes in the amounts of the several kinds of money in the
United States outside the Treasury between November 1, 1904, and
November 1, 1905, are shown in the table following:
COMPARATIVE STATEMENT SHOWING THE CHANGES IN CIRCULATION.
In circulation In circulation
Nov. 1, 1904.. Nov. 1,1905.
Classes.
Decrease.
Increase.
i
Gold coin
Standard silver dollars
Subsidiarv silver ..
Gold certificates
Silver certiflcates
Treasury notes, act of J u l y 14,1890..
United States notes
...
National bank notes
Total
N e t increase
$641,793,093
79,443,123
100,408,128
490,193,759
472,713,832
11,551,887
342,132,421
445,240,418
$651,644,998
81,822,311
107,157,932
479,965,439
471,625,776
8,594,378
"340,107,480
512,213,264
2,583,476,661
2,653,131,578
$10,228,320
1,088,056
2,957,509
2,024,941
$9,851,905
2,379,188
6,749,804
66,972,846
16,298,826
85,953,743
69,654,917
SECRETARY OF THE TREASURY.
17
PUBLIC MONEYS.
The monetary operations of the Government have been conducted
through the Treasurer of the United States, 9 subtreasury officers,
the treasury of the Philippine Islands, the American Colonial Bank
of Porto Rico, and 852 national-bank depositaries. The amount of
public moneys held by the bank depositaries on June 30, 1905,
including funds to the credit of the Treasurer's general account and
United States disbursing officers, was $73,757,356.65, a decrease since
June 30, 1904, of $36,968,896.84. On June 30,, 1905, there were
290 regular and 547 temporary depositaries; 12 were designated
during the fiscal year and 15 discontinued. On November 1, 1905,
the number of depositaries was 835, and the amount of public
moneys held by them was $65,726,312.38.
ENGRAVING AND PRINTING.
The feature of this work during the year was the unusually large
number of plates required for national banks. There were 1,547
plates made, costing $112,625. Of these, 899, costing $64,800, were
made to supply national banks whose charters had been extended,
and 648 plates, costing $47,825, were made to furnish currency to
newly organized banks. This exceptionally large number of plates
required those engaged in making them to work overtime nearly the
entire year. Nevertheless there was some delay in furnishing banks
with currency on the date of the extension of their charters. This
work has now been brought up to date, and there will be no further
delay in furnishing currency.
The work delivered during the year aggregated 165,354,514 sheets,
an increase over 1904 of 5,436,453 sheets, or 3.4 per cent. In addition to the impressions delivered, miscellaneous work was executed
to the value of $135,160.80, an increase over 1904 of $45,743.08, or
51.1 per cent. The aggregate amount available for the operation of
the Bureau during the year from appropriations and repayments was
$3,325,216.43. The aggregate amount expended for all purposes connected with the work of the Bureau was $3,292,217.06. The increase
in expenditures for 1905 over 1904 was 4.2 per cent. There was an
unexpended balance of $32,999.37.
The work on the additional building authorized by the act of
March 3, 1903, is progressing satisfactorily, and it "is expected that
it will be occupied by the close of this calendar year, when further
occasion for night work will be avoided.
CUSTOMS.
Imports to the amount of $1,117,512,629 were landed upon United
States wharves during the fiscal year ending June 30,1905, and upon
H.
DOC.
9, 59-1
2
18
REPORT ON TPIE FINANCES.
these imports $262,060,528 of duty was collected. For the same
period the exports of merchandise were $1,518,561,720. At the port of
New York alone 350,000 invoices were examined, 7,481,920 packages
were received, and of this number 748,192 were carried to the
appraiser's stores, opened and examined. In other words, for each
official day at the port of New York 2,500 packages of merchandise
were examined, appraised, and delivered.
The proper examination, classification, and appraisement of this
volume of imported merchandise are most important. To secure the
services of capable men for this purpose is a most difficult task, as
the salaries paid to such officers by the Government are so small that it
is impossible to compete for expert knowledge with private interests.
Great difficulty is experienced at the large ports of the country in
securing the services of men having the requisite knowledge to
appraise merchandise, while at the smaller ports suitable men are
often unobtainable. This fact makes the extension of immediatetransportation privileges to places where importations are infrequent
and customs officers unskilled both disadvantageous and dangerous.
The prevention of fraud upon the revenue requires expert knowledge
of foreign values. Lacking such knowledge, the customs officer
must either follow the invoice value or obtain assistance from a
larger port. The former alternative encourages undervaluation and
induces erroneous classification, while the latter defeats the purpose
of the immediate-transportation law and often involves the Government in expense quite out of proportion to the revenue involved.
The extension of immediate-transportation privileges to large ports
benefits importers without jeopardy to the revenue. San Juan,
P. R., is such a port. The requisite officers are there to appraise
and classify the merchandise, and San Juan should receive the benefit of the immediate-transportation law, as recommended in the two
previous annual reports.
Beorganization of districts.
Legislation to bring about a rearrangement of customs districts is
an urgent necessity. The demand for such change is even stronger
now than when this recommendation was made in previous reports.
The past year has increased the number of those ports at which the
customs expenses exceed the receipts, where it costs the Government
more than a dollar to collect a dollar. During the last fiscal year
there were ten ports at which not a cent of revenue was collected.
The recommendation is renewed that Congress should do such work
of reorganization and consolidation, or give to the Executive branch
of the Government authority to put the customs districts upon an
economical and businesslike basis. The table on the following page
shows the need for such legislation.
SECRETARY OE T H E TREASURY.
19
L I S T OF PORTS AT WHICH CUSTOMS EXPENSES EXCEEDED R E C E I P T S FOR THE FISCAL
Y E A R ENDING J U N E 30, 1905.
Cost of
N u m - collectReceipts. Expenses. ber em- ing
one
ployed dollar.
N a m e of port.
Albemarle (Elizabeth City), N . 0
Annapolis, Md
Apalachicola, Fla
Barnstable, Mass
Beaufort, N. C
Beaufort, S. C
Brazos de Santiago (Brownsville), Tex..
Bridsreton, N . J
Burlmgton, Iowa
Burlington, N . J
Cairo, 111
Castine, Me
Chattanooga, Tenn
Cherrystone (Cape Charles City), Va....
E a s t e r n (Crisfield), Md
E d g a r t o w n , Mass
F r e n c h m a n s Bay (Ellsworth),Me
Galena, 111
Georgetown, S.C
Great Egg H a r b o r (Somers Point), N . J .
Humboldt (Eureka), Cal
Kennebunk^e
La Crosse \v is
Little Egg HarlDor"(Tuckerton)', N'.'J.!!'.
Machias, Me
Michigan (Grand Haven), Mich
N a n t u c k e t , Mass
Natchez, Miss
Oregon (Astoria), Oreg
Paducah, Ky
Pamlico (Newbern), N . C
Patchogue, N. Y
Plymouth, Mass
P o r t Jefferson, N . Y
Portsmouth, N . H
Rock Island, 111
Saco, Me
Sag Harbor, N. Y
St. Marys, Ga
Salem and Beverly (Salem), Mass
Sandusky, Ohio
Southern Oregon (Coos Bay), Oreg
Tappahannock, Va
;..
Teche (Brashear), L a
Vicksburg, Miss
Waldoboro, Me
Wheeling, W. Va
Wilmington. N . C
Wiscasset, Me
Yaquina, Oreg
York, Me
Total.
$5.00
5.00
,237.87
438.80
607.85
.,594.89
491.99
176.44
50.61
47.10
682.64
42.73
5.00
57.10
461.72
208.07
12.00
266.79
41.59
635.86
25.54
701.98
i, 470.61
13,771.24
*i,'667."54'
'i,"627!24
537.21
111.09
26.71
12.95
7.23
631.10
669.20
29.60
5.62
87.48
029.21
94.94
598.07
726.83
2.50
$1,606.94
929.41
3,629.45
3; 532.42
1,400.01
3,278.72
40,131.37
1,411.01
456.15
206.77
382.25
4,503.34
502.55
1,001.13
2,402.18
2,762.71
3,584.90
403.86
583.50
1,115.25
2,806.39
95.17
363.42
303.25
4,299.77
9,315.81
370.55
500.00
14,198. 65
450.05
6,130.08
474.90
1,417.89
12.00
4,595.19
741.60
484.65
877.22
606.81
5,868.66
4,281.02
1,2D2.13
703.75
3,069.20
513.65
6,891.75
624.50
6,511.77
3,308.60
1,040.75
253.67
$321,388
185.882
2.932
8.050
5.394
7.173
2.868
2.585
4.086
8.116
6.597
11.761
200.226
42.070
5.984
17.229
33.655
2.187
26.815
4.414
14.229
6.125
1.440
1.031
*3."8i3
*i.'386
8.554
6.676
18.145
67.739
83.929
3.598
1.604
42.302
125.044
35.085
3.396
6.578
1.416
4.552
101.468
47,242.94 156,185.67
Other recommendations relating to customs matters will be found
in the concluding pages of this report.
Special agents.
The force of speciai agents and special employees has been actively
engaged during the past fiscal year in the detection and prevention
of customs frauds. Both the number of seizures made and the number of suits brought are double those of the preceding year, while
the number of arrests has trebled. Nearly one million dollars has
been recovered for the Government. Special attention has been
paid to classification and undervaluation, and excellent work done
in preventing smuggling along both the Canadian and the Mexican
20
REPORT ON T H E EINANCES.
boundaries. The following table gives a summary of the work of
the special agents during the fiscal year ending June 30, 1905:
Number of reports to Department
Number of seizures
Appraised vakie of seizures
Number of arrests
,.
Number of suits commenced
Amount involved in suits
•
'.
Number of suits pending
'..
Number of suits disposed of July 1, 1904-July 1, 1905
Number of customs districts examined
Amount recovered on account of seizures
Amount recovered on account of suits
Amount recovered on account of fines, penalties, and forfeitures
Amount recovered on account of undervaluation, improper classification, etc
7,301
4,089
$132,612.11
251
93
$74,665..86
55
. 10
57
|16,855. 46
^9, 539. 77
|26,859.63
1816,849.78
INTERNAL REVENUE.
The receipts from internal-revenue taxes for the fiscal year 1905,
as shown by collectors' reports, were $234,187,976.37, a net increase
over 1904 of $1,284,195.31.
The following items show increases for 1905: Distilled spirits, an
increase of $148,497.70; manufactured tobacco, an increase of
$1,004,101.75; fermented liquors, an increase of $1,277,094.41; oleomargarine, an increase of $121,381.36; mixed flour, an increase of
$82.81; adulterated butter, an increase of $2,023.07; process or
renovated butter, an increase of $15,861.73.
The following items show decreases for 1905: Filled cheese, a
decrease of $3,543.23; miscellaneous, a decrease of $1,281,304.29.
The total expenditure for the maintenance of the Internal Revenue
Service for the fiscal year 1905 was $4,705,296.32. The cost of collecting $1 of internal revenue was $0.02.
The following table gives a comparative statement of receipts for
the fiscal years 1904 and .1905. For a more detailed statement reference should be made to the report of the Commissioner of Internal
Revenue.
RECEIPTS FROM INTERNAL REVENUE IN 1904 AND 1905, AS SHOWN BY COLLECTORS'
REPORTS.
Piscal year ended J u n e 30—
Objects of taxation.
Distilled spirits
Manufactured tobacco
Fermented liquors
Oleomargarine
Filled cheese
Mixed flour
Adulterated b u t t e r
Process or renovated b u t t e r
Miscellaneous
Total
1904.
1905.
$135,810,015.42 $135,958,513.12
45,659,910.50
44,655,808.75
50,360,553.18
49,083,458.77
484,097.45
605,478.81
3,543.23
1,565.58
1,648.39
3,938.97
1,915.90
156,735.26
140,873.53
al,441,198.14
2 722,502.43
232,903,781.06
234,187,976.37
Increase.
$148,497.70
1,004,101.75
1,277,094.41
121,381.36
82.81
2,023.07
15,861.73
Decrease.
$3,543.23
1,281,304.29
1,284,195.31
aincludes $774,354.59 from legacies on which the tax had accrued prior to the repeal of the act
SECRETARY OF THE TREASURY.
21
The total production of distilled spirits, exclusive of fruit brandies,
was 147,810,794.3 taxable gallons, against 134,311,952 gallons in 1904,
an increase of 13,498,842.3 gallons.
The production of fruit brandies increased 255,322.4 gallons.
During the fiscal year 1905, 1,772 distilleries of all kinds were
operated,-a decrease of 400.
The production of beer was 49,522,029 barrels, an increase of
1,256,861 barrels.
PUBLIC BUILDINGS.
During the past fiscal year, under the direction of the Office of the
Supervising Architect of the Treasury, 28 new structures were completed, and authorized extensions and improvements were made to
16 old buildings. The erection of 58 new buildings was commenced,
making 84 in course of construction on June 30, 1905. This does
not include extensions and improvements to 8 old buildings, on which
work is also in progress. There remain to be placed under contract
42 new buildings and 3 extensions to old buildings. Over onethird of this number will be under contract within the next three
months, while of the remainder some are held in abeyance owing to
legal questions affecting sites, and some by reason of requests from
Members of Congress who desires amendatory legislation relative
thereto. The Supervising Architect's Office, however, is engaged in
preparing drawings and specifications for the erection of the buildings not so delayed,"and it is probable that by January 1 next all
buildings and extensions authorized, except those whose sites are in
litigation, or those for which additional legislation will be necessary, will be under contract.
N U M B E R OF P U B L I C BUILDINGS AND SITES UNDER CONTROL OF THE D E P A R T M E N T .
Number of buildings completed June 30, 1904
375
Number of buildings completed since
.'
28
Add custom-houses, Hilo, Hawaii, and Yuma, Ariz., acquired by Executive orders..
2
In course of erection
84
Not commenced
42
Sites only
45
Marine hospitals and quarantine stations
43
Total
619
E X P E N D I T U R E S DURING THE FISCAL Y E A R
1905.
For sites, for the construction of public buildings, and for extensions
and repairs especially appropriated for
$9,921,801. 63
For repairs and preservation..'
455,623.91
For heating apparatus
263,913.64
For vaults, safes, and locks
49,237.99
For plans, including books and periodicals
•.
3,034.64
Total
10,693,611.81
22
REPORT ON T H E FINANCES.
CONTRACT LIABILITIES ON J U N E 30,
1905.
On account of sites, for the construction-of public buildiugs, and for
extensions and repairs especially appropriated for
$11,308,560.18
On account of appropriations for repairs and preservation
84, 738.64
On account of appropriations for heating apparatus
87,653.09
Ou account of appropriations for vaults, safes, and locks
23,684.60
On account of appropriations for plans, including books and periodicals
78.25
Total
11, 504,714.76
BALANCES AVAILABLE ON J U N E 30,
1905.
For sites, for the construction of public buildings, and for extensions and
repairs especially appropriated for
" $5,959,729.48
Less authorized deficiencies
1,414,196.08
For
For
For
For
Net available balance
repairs and preservation
heating apparatus
vaults, safes, and locks
plans, including books and periodicals
Total
'
4,545, 533.40
453, 902.62
256,067.48
40,765.46
7,453.48
5,303,722.44
Hall of records.
The litigation which involves a small portion of the site for the
hall of records, as noted in my report for the last fiscal year, yet
remains unsettled; but it is believed that the matter will soon be
adjnsted and the title to the entire site vested in the Government.
It is therefore recommended that the plans submitted to Congress
for this building be approved, the limit of cost be determined, and
an appropriation of $150,000 for preliminary work in the construction
of the building be made, to be available upon the title being vested
in the United States.
PUBLIC HEALTH AND MARINE-HOSPITAL SERVICE.
The Surgeon-General reports 57,013 patients treated during the
year. Of these, 14,661 were treated in hospital and 42,352 were
out-patients. The Service operates 21 hospitals, owned by the Government, and maintains 120 other relief stations where seamen receive
hospital and dispensary treatment.
A t t h e sanatorium for consumptives. Fort Stanton, N. Mex., 385
patients were cared for during the year, of whom 118 were discharged (16 apparently cured, 77 improved, and 25 unimproved); 69
died at the sanatorium, and 198 remained under treatment at the
close of the year.
On June 1 the purveying depot was removed from New York City
to Washington, and its functions limited to the purchase and issue
of medical and surgical supplies and hospital beds and bedding.
Purveying for other services, such as the Immigration Service and
the Isthmian Canal Commission, was discontinued on that date.
SECRETARY OF THE TREASURY.
23
Aid was extended to other branches of the Government in the
physical examination of 4,878 persons, of whom 363 were rejected.
One hundred and twenty-two American seamen were also examined,
and 15 rejected.
Daring thefiscalyear 1,026,499 aliens were inspected by officers of
the Service to determine their physical fitness for entry into the
United States and its dependencies.
The details of officers at Naples, Quebec, Victoria, and Vancouver
for the medical inspection of aliens bound for the United States
were continued. The officers on duty at ports in Japan and China,
in addition to their quarantine duties, also inspected aliens at the
request of the Department of Commerce and Labor. At the request
of the same Department, the medical inspection of arriving aliens
has been made at all the ports of the United States where they seek
entrance. Seventeen commissioned officers and 16 acting assistant
surgeons were thus engaged.
Personnel.
At the close of the fiscal year the commissioned corps of the
Service consisted of 120 officers as follows: One surgeon-general, 5
assistant surgeons-general, 26 surgeons, 52 passed assistant surgeons,
and 36 assistant surgeons.
Five sanitary inspectors, 190 acting assistant surgeons, and 48
pharmacists were on duty at the close of the fiscal year.
Two commissioned officers were directed to report to the chairman
of the Isthmian Canal Commission for duty on the Isthmus of Panama, in addition to three officers previously so assigned. The three
last-mentioned officers have been acting, under the chief sanitary
officer, one as director of hospitals, one as chief quarantine officer,
and one as executive officer. Seven commissioned officers were
assigned to duty in the offices of American consuls at foreign ports,
and three to duty in the Revenue-Cutter Service.
Fxpenditures.
The balance of the marine-hospital fund available at the commencement of the fiscal year was $255,643.25. The receipts from
all sources—tonnage tax, repayments for care of foreign seamen,
reimbursements for Immigration Service, etc., and an appropriation of $200,000 provided by Congress—were $1,158,108.96. The
expenditures for the same period were $1,183,627.23. The balance
on hand at the end of the fiscal year was $230,124.98.
The amount available for the appropriation for preventing the
introduction and spread of epidemic disease at the beginning of the
fiscal year was $277,590.17. Appropriations amounting to $200,000
were provided by Congress. The expenditures were $146,113.48,
leaving a balance June 30, 1905, of $331,476.69.
24
REPORT ON T H E FINANCES.
o
The amount of the appropriation for the quarantine fund was
$335,000. There were repayments for the care of foreign seamen,
etc., of $1,084.16. The expenditures were $304,978.33, leaving a
balance at the end of the fiscal year of $31,105.83.
National quarantine service.
The inspection, detention, and disinfection when necessary, of all
vessels prior to entry, have been continued at the 40 national domestic
quarantine stations upon the Atlantic, Gulf, and Pacific coasts of
the United States, 5,788 vessels having been inspected and 207 vessels
disinfected during the fiscal year.
On request of the governor and State board of health of New Jer
sey, the Service on July 19, 1904, assumed charge of the quarantine
station at Perth Amboy, N. J . ; and the legislature of Oregon haying abolished the State quarantine service and asked the National
Government to take charge, the Public Health and Marine-Hospital
Service on May 20,1905, assumed control of the quarantine service of
Oregon. Both of the above actions were taken under the provisions
of the act approved February 15, 1893.
A proper surveillance upon the Canadian and Mexican borders has
been maintained to prevent the introduction overland of quarantinable diseases.
Medical officers stationed in Cuba, viz, Havana, Matanzas, Nuevitas, Santiago, and Cienfuegos, and also at seven fruit ports in Central
and South America, and at Colon, have continued to exercise quarantine supervision over outgoing vessels bound for the United States
and its insular possessions and dependencies, but the acting assistant
surgeons at Nuevitas and La Guayra were withdrawn during the
year.
Yellow fever.
Information was received by the Bureau on July 18, 1905, that
there were rumors of the prevalence of yellow fever in the city of
New Orleans, La. As no definite information could be obtained,
experienced officers of the Service were immediately instructed to
investigate the matter, and a few days later they reported that this
epidemic disease had existed in New Orleans for some time. Additional officers were dispatched to the infected center with instructions
to enforce the interstate quarantine regulations of the Treasury
Department. These regulations, with the approval of the Secretary
of the Treasury, were supplemented to meet the present scientific
knowledge of yellow fever. An inspection service was instituted
upon all common carriers leaving the city by land and water. An
experienced officer was detailed to inspect the Gulf coast between
Mobile and New Orleans, and a water patrol established over travel
SECRETARY OF THE TREASURY.
25
from Louisiana to the neighboring Gulf coast. Efficient aid was rendered by the United States Revenue-Cutter Service, under the
immediate direction of its chief.
Upon the request of the governor of the State, the mayor of New
Orleans, and others, the President directed that the Public Health
and Marine-Hospital Service assume charge of the yellow-fever situation in New Orleans. Twenty commissioned officers and as many
acting assistant surgeons were concentrated at that point, and, with
complete local cooperation, the epidemic was restrained and sup
pressed by November 1, before the advent of frost.
The total number of cases officially reported in New Orleans from
July 21 to November 1, inclusive, was 3,385, with 455 deaths.
The activities of the Service were also exerted with favorable
results elsewhere in Louisiana, at Pensacola, Fla., and at several
places in Mississippi.
Smallpox.
Smallpox was reported during the fiscal year in 38 States and the
District of Columbia, with a total of 18,523 cases and 494 deaths.
During the previous year, the disease was reported in 37 States and
Territories, with a total of 25,106 cases and 1,118 deaths.
Plague.
There has been no plague reported in the continental United
States during the fiscal year, but in the Territory of Hawaii 11 deaths
from this disease were reported. There were also 8 cases the termination of which has not been made known. In the Philippines 51
cases and 43 deaths were reported.
Leprosy.
On March 3,1905, Congress passed a law authorizing the establishment of, and appropriating $150,000 for, an experiment station for
the study of the prevention and cure of leprosy, the station to be
located on the Island of Molokai, Hawaii. The Surgeon-General
visited Molokai with the governor of Hawaii in June last, and
selected a site one mile square, which is to be ceded to the National
Government. Hospital and laboratory buildings will be erected
thereon.
Laboratory.
The examinations in the hygienic laboratory of antitoxins, serums,
and viruses, and of drugs for purity and strength, were continued
during the year. The American unit of diphtheria antitoxin which
the laboratory now makes and distributes is recognized in the eighth
decennial revision of the Pharmacopoeia as the legal standard for
26
REPORT ON THE FINANCES.
this country. There has been a marked improvement in the purity
of vaccine virus by reason''of the examinations made of establishments manufacturing such virus under the act of July 1, 1902. This
is shown both by the experience of Service officers in testing samples
bought in open market and by the testimony of local health officers
and private practitioners.
A n n u a l conference with State health authorities.
At the third annual conference of the Surgeon-General with State
health authorities. May 15, 1905, 22 States and Territories were
represented. The subjects of national control of leprosy, methods
of transmission of typhoid fever, and car sanitation were discussed.
Examination of the Service and recommendations.
During the past year an examination has been made, under my
direction, into certain administrative features of the Marine-Hospital
Service. Recommendations based on the result of this examination
will be found in the later pages of this report.
LIFE-SAVING SERVICE.
At the close of the fiscal year the Life-Saving Establishment
embraced 277 stations, distributed as follows: Two hundred on the
Atlantic and Gulf coasts, 60 on the coasts of the Great Lakes, 1 at
the Falls of the Ohio (Louisville, Ky.), and 16 on the Pacific coast.
The number of disasters to documented vessels within the field of
station operations during the year was 365. There were on board
these vessels 4,089 persons, of whom 27 were lost. The estimated
value of the vessels was $7,735,300, and that of their cargoes
$2,585,360, making the totalvalue of property imperiled $10,320,660.
The estimated value of property saved was $7,917,385 and of property lost $2,403,275. The number of vessels totally lost was 63.
Four hundred and twenty casualties were sustained by undocumented vessels—sailboats, rowboats, etc.—involving 955 persons,
of whom 10 were lost. The estimated value of property involved
was $264,690, of which $258,025 was saved and $6,665 lost.
Succor was afforded at the stations to 624 persons, and the total
number of days' relief furnished was 1,510.
The above figures aggregate 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
'
785
63
5,044
37
624
1,510
$10,585,350
$8,175,410
|2,409,940
SECRETARY OF THE TREASURY.
27
Assistance of more or less importance was also rendered to many
vessels not included in the preceding statement. The total number
to which aid was furnished was 1,142. The lives also of 107 persons
who were not on board vessels, but who had fallen from docks,
wharves, etc., or were otherwise in perilous situations, were saved.
During the year 171 vessels running into danger were warned of
their peril and escaped disaster by the signals of the patrolmen and
watchmen of the Service. In 157 instances this was done at night,
and in 14 instances during the day time in thick weather. Of the
vessels endangered, 83 were steamers and 88 sailing vessels.
The net expenditure for the maintenance of the Service during the
year was $1,799,644.32.
The establishment of 4 new stations was accomplished during the
year, namely, at Fishers Island, N. Y.; Ocracoke, Ocracoke Island;
Fort Macon (Old Topsail Inlet, Beaufort), and Bogue Inlet, N. C.
By act of March 1, 1905, Congress authorized the establishment of
a life-saving station at Nome, Alaska, the act also extending the
Thirteenth Life-Saving District to include the Alaskan coast. A
vacant building on the Government reservation at Nome was therefore set apart for life-saving purposes, which, with the boathouse
and the apparatus placed there three years ago, under authority of
the act of June 30, 1902, has permitted the station to be put into
operation with a temporary crew pending the appointment of a regular one.
Sites were selected for the stations authorized to be established at
the following points: Lorain, Ohio; Eagle Harbor, Mich.; the entrance
to Tillamook Bay, Oreg., and a point between Indian River Inlet
and Fenwick Island, Del. Titles to these sites, however, have not
been obtained, except in the case of Eagle Harbor.
The rebuilding of the stations at Little Kinnakeet, N. C , Grande
Pointe au Sable and Muskegon, Mich., mentioned in the last report,
was completed; but the station at Cape Henry, Va., is not yet finished.
The rebuilding of the Fletchers Neck station at Biddeford Pool, Me.,
was begun. Extensive improvements to a number of stations were
made and others begun during the year.
The Service continues to suffer from the loss of tried and experienced surfmen who are leaving the crews in numbers to better their
condition, and whose places have to be tilled with men, as a rule,
inferior to them in both professional qualifications and character.
This inferiority is pointedly shown by the great increase from year
to year in the number of dismissals for cause. The number of such
dismissals during the last year was double that of the preceding year.
Such a condition threatens disastrous results unless some remedial
action is taken. It is believed that a just provision in the nature of
retirement and pensions would go far,to effectually check the exodus
28
'
REPORT ON T H E FINANCES.
from the Service and induce good men to enter it as a life profession,
and the recommendation made in my last annual report in this
regard is earnestly renewed.
REVENUE-CUTTER SERVICE.
Following is an abstract of the regular work performed by the
Revenue-Cutter Service during the fiscal year 1905, together with
the net expenditures:
Lives saved (actually rescued) from drowning
Persons on board vessels assisted
Persons in distress taken on board and cared for
Vessels assisted
Vessels boarded and papers examined
Vessels-seized and reported for violation of law
Fines and penalties incurred by vessels reported
Vaiue of vessels assisted and their cargoes
Net expenditure:
General appropriation for maintenance
Deficiency appropriation for urgent repairs
18
2,730
187
521
17,488
262
$46,350.00
$7,815,925.00
|1,450,000.00
87,106.83
II,537,106. 83
The operations of the Service have extended, as usual, to all parts
of the seacoast of the United States, including Alaska, Hawaii, and
Porto Rico. The waters of the Great Lakes have also been covered.
Cruises into Bering Sea and the Arctic Ocean have been made as
formerly. This combined work has been carried out by the active
employment of 23 vessels of the larger class and 17 harbor vessels
and launches, which have been engaged at various ports in boarding
duty and the enforcement of anchorage laws.
During the year 14 officers were regularly on duty in connection
with the Life-Saving Service, and assistance was rendered the Public
Health and Marine-Hospital Service and Coast and Geodetic Survey
on a number of occasions in the inspection and survey of their
vessels."
The special work of the Revenue-Cutter Service during the past
winter was well timed in affording assistance to vessels and their
crews on the Atlantic coast. More than 500 craft,with 2,730 persons
on board, were relieved or rescued, the value of these vessels and
their cargoes amounting to nearly $8,000,000. Various sunken wrecks
and other obstructions were removed from the paths of commerce.
Revenue cutters have continued to enforce the regulations governing rowing, sailing, and motor-boat regattas, as required by law, in
order that safety may be insured, as far as possible, to participants
and spectators. The performance of the Service in connection with
these events has been entirely successful.
The personnel of the Revenue-Cutter Service has been maintained
under naval discipline, great-gun and small-arms drills and target
practice have been regularly conducted, and commissioned vessels
have always been in readiness to cooperate with the Navy in accordance with law.
SECRETARY OF TPIE TREASURY.
29
Vessels.
Several new seagoing vessels are urgently needed to replace those
which are obsolete or not worth repairing, and to supply important
stations which have of necessity been left a long time vacant. Two
small steamers are required on Puget Sound to break up smuggling
in those waters. A seagoing sailing ship, with auxiliary steam power,
should take the place of the bark Chase, which has done duty as a
practice vessel for cadets for twenty-seven years, and is now in a condition that does not warrant further outlay for repairs.
For a long time there has been no vessel stationed on the Atlantic
coast between Wilmington, N. C , and Key V^est, Fla., where previously there had been two, one at Savannah and another at Charleston.
This brQak in the line of important coast work with which the Service
is charged should not continue.
A vessel is needed permanently at Honolulu to protect and further
the public interests in Hawaiian waters. Heretofore a vessel has
been sent there occasionally when one could be spared for the time
being from the Pacific coast, but this plan is unsatisfactory.
One vessel for the coast of. Maine, authorized by Congress in 1903,
is now in process of construction. Proposals will soon be solicited
for the construction of a light-draft vessel, authorized by the last
Congress, for Pamlico Sound, N. C , to take the place of the Boutwell,
which is an old-type vessel of little value. The Thetis is undergoing
extensive repairs, which were specially authorized.
A number of the cruising vessels of the Service are urgently in
need of immediate repairs to hulls and machinery. Limited appropriations have permitted only such repairs as were at the time absolutely necessary to the running of the vessels, and, in consequence,
those which have been constantly cruising have run down, and some
are now in bad condition. There is needed for immediate repairs to
boilers, engines, and auxiliaries $165,674, and to hulls $147,195, a
total of $312,869. This amount will put the present vessels in efficient condition, and in the end prove a measure of economy. This
is an important matter, and its earnest consideration by Congress is
invited. If the repairs requested are not soon made, a number of
the vessels will have to be withdrawn from their stations and laid up.
Site for a depot.
Under authority of the act of March 3, 1905, an agreement has
been entered into with the owners for the purchase of a site for a
depot for the Revenue-Cutter Service at Arundel Ceve, Maryland.
Personnel.
The Service for some time has been much embarrassed by a lack of
junior officers. In many instances it is not possible to comply with
30
REPORT ON T H E FINANCES.
the provisions of law in making up the complement of vessels, and
in consequence an officer frequently has to perform, besides his own
duties, those which properly belong to other grades. This is not only
unfair to the officers concerned, but detrimental to the interests of
the Service. The grade of third lieutenant should comprise 37 officers, but by the operation of existing law it is at this time practically
depleted. The statute provides that the number of third lieutenants
and cadets combined shall not exceed the number of third lieutenants
allowed by law, which is 37. There are now, including vacancies, 32
cadets and 5 third lieutenants. Three of the latter will be eligible
for promotion upon passing the required examination, and when they
are advanced to the next higher grade there will be but two third lieutenants left, since cadets can not be commissioned until they have
served a satisfactory probationary term of three years. In view of
this anomalous condition, I renew the recommendation that the
grade of third lieutenant be kept filled at 37, and that hereafter a
sufficient number of cadets be appointed each year to maintain the
grade intact.
Original appointment in the engineer corps should be as cadet
engineer for a period of at least six months, in order that the candidate's fitness for the duties of the Service may be determined prior
to a permanent commission.
Under the law there are but two positions to which a chief engineer
can now be promoted, captain of engineers and engineer-in-chief.
In consequence, there is very small chance for advancement of
officers in the grade of chief engineer, no matter how long their
service may be. It is therefore suggested that the limit of longevity
increase be extended to the senior ten chief engineers on the list
from 40 to 60 per cent, in accordance with the present plan of 10 per
cent for every five years of service. This would raise the limit ofpay which a chief engineer could receive to $2,880 per year. As
there appears to be no reason for both a captain of engineers and an
engineer-in-chief, I recommend that one of these offices be allowed to
lapse with the incumbency of the officer now holding the position.
Discipline.
Attention is called to the lack of authority to infiict commensurate
punishment upon officers who have been found guilty of dereliction
of duty or other serious offenses. To obviate this I recommend
that a law be enacted authorizing the Secretary of the Treasury, upon
due sentence and recommendation of a trial board, to suspend an
officer from duty upon half or three-quarters pay for a period of two
years, or any part thereof.
I renew the recommendation that suitable legislation be enacted
for the discipline of the crews of the Service. At present there is
'
SECRETARY OF THE TREASURY.
31
no law whatever on the subject. While the interests of the Navy
and merchant marine in this respect are effectively protected by
statute, the Revenue-Cutter Service is still without legal means for
the correction of breaches of discipline by members of its crews.
Pensions.
In my annual report for the fiscal year 1902 the recommendation
was made that section 4741, Revised Statutes (act of April 18,
1814), be amended to read as follows:
'^The 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, shall be entitled t o b e placed upon a
pension list, under the same regulations and restrictions as are now
provided by law for enlisted men of the Navy."
This would be an equitable amplification of the law, which already
places officers and seamen who are disabled or wounded while
cooperating with the Navy in time of war upon the pension list.
Congress having clearly recognized the military character of the
Revenue-Cutter Service, there appears to be no valid reason why its
seamen, when disabled in the performance of duty, should not
receive at all times the same consideration that is extended to other
military branches.
P a y of creivs.
Under the law the Secretary of the Treasury may pay to the petty
officers and seamen of the Revenue-Cutter Service the average wages
that are'paid for like services in the merchant marine on the Atlantic
or Pacific coasts. The annual appropriation for the maintenance
of the Service, however, is not sufficient to permit wages equal to
those which prevail on merchant vessels to be paid to the men of the
Revenue-Cutter Service. This condition causes complaint and
discontent, and should be remedied by adequate appropriations.
Wireless telegraphy.
The duties of the Revenue-Cutter Service in assisting vessels in
distress can be greatly facilitated, and its work in other respects
extended, by the installation of wireless telegraphy on all first-class
cruising vessels. This would require an expenditure of about
$35,000, and an operator would be required on each vessel at an
estimated salary of about $800 each. The maintenance of wireless
apparatus at various points along the Atlantic and Pacific coasts,
and its connection with life-saving stations and adoption by merchant steamers, make its use on revenue cutters an urgent necessity.
SECRET SERVICE.
The secret-service division was actively engaged during the year
in the suppr^sion of counterfeiting, and in the course of its usual
32
REPORT ON T H E FINANCES.
work arrested 532 offenders; captured and confiscated $36,800 in
counterfeit notes, $24,100 in counterfeit coin, 165 plates for the
printing of counterfeit notes, 97 metal dies, and 357 pairs of molds
for counterfeiting coins. There were but nine new counterfeit notes
placed in circulation during the year, of which four only were sufficiently well executed to bring them within the dangerous class. The
more important arrests included three combinations of criminals
operating in different cities, but all engaged in counterfeiting the
notes of the Austro-Hungarian Government. The necessary arrangements were made for the establishment of a branch of the Service at
Honolulu, Hawaii, where there have been some evidences of coiningenterprises^. Assistance was rendered to the other Executive Departments in special cases of importance. All the expense in connection
with these special matters was borne by the other Departments,
and none of it charged against the appropriation for suppressing
counterfeiting. In a general way, the Service maintained its high
record for efficiency.
DISTRICT OF COLUMBIA.
The net expenditures on account of the District of Columbia for
the fiscal year 1905 were $11,678,356.49. The net-revenues deposited
in the Treasury on this account for the same period were $5,643,257.47.
During the year, 3.65 per cent bonds for $24,500 were issued and
sold and the proceeds applied to the payment of judgments of the
Court of Claims against the District. The amount of the debt
retired during the year was $465,850, resulting in a net reduction of
$441,350, and of the annual interest charge by $16,109.27. Since the
close of the fiscal year the debt has been further reduced by the purchase of 3.65 per cent bonds for $216,350.
The bonded debt now outstanding is $11,835,000, bearing 3.65 per
cent interest.
The total issue of the 3.65 per cent bonds is limited by law to
$15,000,000, and of this sum $14,997,300 has been issued. .
At the close of the year the Treasurer held for account of the 10
per cent guaranty fund retained from District contractors $64,606.43
uninvested cash, and states that, owing to the high price of United
States bonds, many of the contractors prefer to leave their money
uninvested. I recommend that Congress authorize him to purchase
for account of these funds, when requested to do so by the contractors, any bonds that are now or may hereafter be approved by
the Secretary of the Treasury as security for public deposits.
Detailed information in regard to the affairs of the District of
Columbia will be found in the report to be submitted by the District
Commissioners and the Treasurer of the United States, ex officio
commissioner of the sinking fund of the District.
SECRETARY OF THE TREASURY.
33
STATE BONDS AND STOCKS OW^NED BY THE UNITED STATES.
The following statement shows the nonpaying State bonds and
stocks, formerly in the Indian trust fund, now in the Treasury,
belonging to the United States:.
Louisiana
North Carolina
Tennessee
Total
$37,000.00
58,000.00
335,666.661
:...
430,666.661
A history of these State stocks and bonds is given in House Document No. 263, Fifty-fourth Congress, second session.
CENTRAL PACIFIC 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, 1905.
The principal of all notes held August 1, 1905, amounted to
$20,584,450.46, and first mortgage bonds to the ainount of $20,585,000
are held as security for the payment thereof.
TERRITORY OF H A W A I L
The debt of Hawaii assumed by the terms of the joint resolution
of July 7, 1898, consisted of $3,235,400 in interest-bearing bonds and
$764,570.31 in postal savings deposits. This indebtedness has been
fully paid by the United States, except $2,908.16 in postal savings
certificates, not yet presented for payment.
The appropriation of $1,000,000 provided by Congress for the
liquidation in part of awards made for property destroyed in suppressing the bubonic plague in the Territory in 1899 and 1900 has been
practically expended. The First National Bank at Honolulu reports
that 31 awards, amounting to $6,046.67, are now outstanding.
REVENUES.
It is impossible to adjust revenue laws with mathematical accuracy.
The amount that given schedules of customs duties and internalrevenue laws will yield is always uncertain. Conditions which can
not be anticipated are always reflected in revenues. A very small
cloud in the financial sky will cause a marked fluctuation in customs
receipts. Thus far in the current fiscal year receipts from customs
have been 14 per cent higher and internal-revenue receipts 5 per,
cent higher than during the same period of the preceding year.
Should these percentages of increase continue throughout the year,
public revenues from these sources will be increased $48,000,000.
H. Doc. 9, 59-1
3
34
REPORT ON T H E FINANCES.
Because of these uncertainties. Treasury estimates have been based
upon a probable net increase in all classes of revenues of $24,000,000.
Should anything arise or anything be done to disturb industrial conditions, however, receipts are as likely to fall below those of a year
ago as to continue at the present rate of increase.
Expenditures also fluctuate. Appropriations for public buildings,
river and harbor improvements, and for the construction of naval
vessels are available until expended, but it is impossible to anticipate with what rapiditj^ the authorized work will progress. Then,
in addition, appropriations are made a long time in advance, while
receipts are current. It follows, therefore, that revenues and expenditures are never equal. Each flscal year of our history has shown
either a deficit or a surplus, and each has received equal criticism,
and from the same sources.
The difi'erence between actual receipts and actual expenditures
during the last fiscal year was smaller than in any year since 1897,
and smaller than any year save seven since 1860. On sixteen occasions since 1860 the difference between receipts and expenditures
exceeded $100,000,000; on nine occasions the difference, though less
than $100,000,000, exceeded $50,000,000, and on twelve occasions the
difference, though less than $50,000,000, was.greater than in the last
fiscal year. In the entire forty-five years, on seven occasions only
has the difference between actual receipts and actual expenditures
been less than during the fiscal year 1905. It will be wise, therefore,
to keep extraordinary appropriations as low as possible, or it may be
found necessary to provide more revenues. Fortunately, the Treasury
holds a surplus of $80,000,000 above a reasonable working balance,
available if unexpected conditions should arise. This surplus,-in my
judgment, should not be encroached upon deliberately, for it will be
found very convenient to offset the results of political or economic
disturbances certain to arise in the near or remote future.
CURRENCY.
The necessity for an elastic currency has received fresh emphasis
in the financial conditions of the last few months. Millions were
loaned, approximately at 1 per cent in midsummer, and call money
reached 25 per cent in November. The exceedingly low rate was
about as dangerous as the high rate, for the latter was the logical
result of the former. Such extremes can and should be rendered
impossible.
As a means to this end, I suggest the advisability of permitting
national banks to issue a volume of additional Government guaranteed currency, equal in aniount to 50 per cent of the bond-secured
currency maintained by them, but subject to a tax of 5 or 6 per
SECRETARY OF THE TREASURY.
35
cent until redeemed by the deposit of a like amount in the Treasury.
By eliminating the words ''secured by United States bonds deposited
with the Treasurer of the United States " from national-bank notes
now authorized, the additional currenc}^ would be identical in form
with that based upon a deposit of bonds, and its presence would not
alarm, for it would not be known. No new and distinct or unguaranteed form of money should be injected into our system. The tax
would be ample, "and more than ample, to cover the risk to the
Government in guaranteeing redemption. Manifestly, this additional currency would not spring into being until interest rates
exceeded 6 per cent, and it would as promptly retire when rates
became normal. Under these or any similar provisions 10 per cent
money would be well-nigh impossible, and the Treasury Department
would be saved a most embarrassing responsibility. This may not
be the only means of adding an element of elasticity to our currency
system, the need of which is universally recognized. I suggest it as
the plan which to my mind seems most feasible, and one fraught
with no danger.
TRUST COMPANIES.
^
In my report of one year ago I called attention to the large increase
in the number of trust companies and the extraordinary growth of
deposits therein. Few States require trust companies to carry any
reserve whatever. Some of these institutions carry none,, and few
of them carry much. They are permitted by law to engage in wellnigh every kind of legitimate business appropriate to private citizens or corporations. Many of them are convenient adjuncts of
national banks, and some, I fear, are occasionally used as a means to
encroach upon the reserve contemplated by statute. I repeat some
observations I made on the subject one year ago:
It is manifest that these institutions in our great cities, helpful as they have been
to American development and commerce, unless conservatively managed, may become
an element of danger to our financial system. They are already national in character,
and several of them are of international influence. I suggest the propriety, therefore,
of a law giving trust companies of large capitalization in large cities the privilege
of incorporating under Federal law; with corresponding supervision. If such right
were extended, the more conservative would probably avail themselves thereof, and
this would compel others to cultivate conservatism. It would not be necessary to
extend to them the distinctive prerogatives of national banks beyond the capacity of
being designated financial agents of the Government, thereby justifying Federal
jurisdiction; nor should they be brought into competition with commercial banks,
but they should be required to keep an appropriate, though relatively small, reserve
within their own vaults, lest in times of financial distress their large deposits with
national banks increase, rather than diminish, the evils of financial panics. These
great concerns, if properly and conservatively conducted, may prove of great and
even unforeseen advantage to public as well as to private interests; and the best time
to safeguard the country is when skies are clear.
36
REPORT ON T H E FINANCES.
PANAMA BONDS.
By act of Congress approved June 28, 1902, an issue of bonds was
authorized in aid of the Isthmian canal, now in process of construction. The act provides that the bonds shall bear interest at 2 per
cent, and shall not be sold below par. In former reports I have
called attention to the fact that these bonds, if now issued, would
not be available as security for national-bank circulation at a less
rate of taxation than 1 per cent per annum, and, therefore, would
not be worth par. I believe a general statute should be enacted
making all future issues of Government bonds available for nationalbank circulation subject to a tax of but one-half of 1 per cent, as in
the case of the consols authorized by act of March 14, 1900.
SUBSIDIARY COINAGE.
In several previous reports attention has been called to the necessity for additional subsidiary coinage. The time has arrived when
it must be determined whether the Government will again become a
purchaser of silyer or will use for this purpose, as the demands of the
country require, the five hundred carloads of silver dollars now in the
vaults of the Treasury, the metallic value of which is approximately
50 per cent of their circulating value. Since their recoinage into
smaller denominations will in nowise contract the volume of currency,
every principle of prudence points to their gradual use rather than
to the purchase of more silver. In any event, I think the abraded
and uncurrent silver dollars, which can not be recoined into dollars
without loss, should be converted into subsidiary coinage at not to
exceed $5,000,000 per annum.
CLEAN MONEY.
For the purpose of providing the people of localities distant from
subtreasuries with cleaner currency, I recommend such legislation
as will place upon the Government the cost of transportation to the
Treasury for redemption of worn and mutilated United States notes
and certificates below the denomination of $10. The cost of transportation of worn national-bank notes to the Treasury for redemption
is now a charge upon the bank of issue and not upon the sender.
It is but reasonable that the Government, which issues the major
portion of our paper money, should likewise bear the burden of its
return when no longer fit for current use.
CUSTOMS ADMINISTRATION.
The customs administrative act and all statutes governing the collection of customs could be revised to very great advantage. The
SECRETARY OF THE TREASURY.
37
following are some of the more important changes which, in my
judgment, should be made:
First. Customs brokers and attorneys appearing for importers
before the Department should be licensed by the Secretary of the
Treasury, and the authority thus granted should be subject to revocation for cause. Every other branch of the Government is protected from imposition by unprofessional and dishonest practitioners.
As the law now stands, collectors and the Board of General Appraisers are remediless to punish, whatever the offense.
Second. A nominal filing fee should be charged for entering protests and appeals, the same to be recovered should the case be successfully prosecuted. There are now over seventy-five thousand
protests pending before the Board of General Appraisers, and new
ones are filed at the rate of over one hundred per day. In many
instances the broker makes no effort to have these cases reached for
early decision, for the reason that the larger the number of protests
for a given cause the greater will be the refund in the event of an
ultimate favorable.decision. As the practice involves no expense,
customs brokers file protests and appeals in many instances as a
matter of form, and dismiss them as soon as forced to trial, but as the
good faith of an appeal can never be determined the Department is
forced to prepare for trial, in every case to the prejudice of prompt
administration and at no small expense to the Government.
Third. All fees and perquisites of collectors and other customs
officials should be abolished. The original custom act of 1799 was
passed with the apparent intent that customs business should be
self-supporting, and that persons transacting business at customs
houses should pay the expense incident to the administration of the
office. Most of the fees authorized are petty exactions from importers
and owners, the collection of which violates every principle of good
administration and is beneath the dignity of the Government. The
Department should furnish all necessary blanks, and no charge therefor by collectors or surveyors should be allowed. If fees and perquisites are abolished, suitable salaries should be paid in lieu thereof.
Fourth. The Treasury Department should be given an assistant
United States district attorney at the port of New York, whose sole
duty should be the management and trial of customs cases, and the
salary should be sufficient to justify the acceptance of the position
by men of professional reputation. At present the Government is
frequently, and I may say usually, compelled to place its cases in
the hands of men inexperienced in customs administration, whose
opponents are skilled in every technicality and in the relevancy and
admissibility of evidence on which the decision must rest, and who,
because of their great skill, are able to earn large fees. The cases lost
38
REPORT ON TPIE FINANCES.
at the port of New York alone through want of experience in this particular branch of the law would, I doubt not, aggregate a million
doUars per annum.
There should also be added to the office of the Solicitor for the
Treasury Department another assistant at a sufficient salary, whose
duty it should be to look after and try customs cases in portions of
the country other than at the port of New York.
Fifth. The increase of parcels-post conventions between the United
States and foreign countries makes necessary the application of customs penalties to the senders of mail packages. At present there is
no penalty for undervaluation. The sender is permitted to put upon
the declaratioi:) accompanying the package any value he pleases, and
no matter how fraudulently it is undervalued, no additional duty
can be collected, no penalty imposed, and no seizure made. The
provisions of law applicable to regular importations should be applied
to importations by mail.
DRAV^BACK.
Under existing laws manufactured articles produced in whole or in
part from imported material, and exported under certain conditions
and limitations, are allowed a drawback equal to 99 per cent of the
duty paid upon the imported material thus consumed. In every
feasible way the Treasury Department has endeavored to simplify
the application of this principle, and to make its operation practicable. In my judgment, the law should be revised and simplified,
and properly safeguarded substitution, similar to tha.t now allowed
in France, should be authorized. The policy of protection for the
American producer within the American market having been adopted,
and its application to nearly every industry established, I think the
time has arrived when the Government should adopt a policy of
liberality to the exporter. Manifestly, the Government can not
protect the American producer in the foreign market. The best it
can do is to insure the employer of American labor, who exports the
product of that labor, every possible advantage and encouragement.
Manufacturers should be limited to the employment of American
labor; they should pay the American scale of wages, but when they
export the product of this labor, thus placing it beyond competition
with others within the American market, they should have the limit
of encouragement in the way of cheap raw material and the right of
substitution.
MERCHANT MARINE.
Not long ago, historically speaking, the nations of the world
exhausted diplomacy and frequently resorted to war for territorial
SECElETARY OP THE TREASURY.
-
39
expansion. The contest between commercial countries is no longer
for territory, but for trade." Fortunately this contest, though
intense, is friendly, and devoid of any disposition to injure one
another. In the interest of American trade expansion I do not think
the importance of a merchant marine is likely to be overestimated.
That our trans-Atlantic commerce is being carried at reasonable
rates, and that nieans of communication between the United States
and Europe are adequate, may be conceded, but this can not be said
of our facilities reaching southward. We take a very large share of
South American and South African exports and our competitors very
little, while we furnish a very small per cent of the imports of these
countries, and our competitors very much. Of our gross exports,
65 per cent goes to one continent and 33 per cent to a single country.
If a merchant were dependent upon one customer for one-third of
his sales and upon a single locality for two-thirds of his trade, wisdom
would suggest the inauguration of an aggressive policy to increase
the scope of his operations. Notwithstanding the fact that subsidized rapid sailing European steamers are engaged in South American trade, making regular and frequent trips, a bill is now pending
in the Congress of one of the principal South American republics to
subsidize a line of rapid steamers to ply between that country and
the principal ports of Europe. American consuls scattered through
these countries, and special agents sent there for the purpose of
investigation, all unite in declaring that theUnited States is scarcely
known as a commercial country south of the equator. Our fiag is
seldom seen there except on naval vessels or private yachts, and our
banks are not there represented.
I am well aware of the claim made by the owners of foreign eight
and ten knot ships, that now make irregular trips between theUnited
States and these countries to the south, that the means of communication furnished by them are as good as the commerce between the
two countries will justify. I deem it important that the means of
communication shall be sufficiently good not only to justify but to
insure increased trade.
:
I do not presume to recommend any particular means by which
the end shall be attained—the method must be determined by the
Congress; but I do desire to recommend, as strongly as I may, that
everything reasonable shall be done to encourage our export trade.
PUBLIC BUILDINGS.
The Government is in sore need of a number of additional public
buildings. A site has been purchased for a Hall of Records, the
erection of which would save in rentals sufficient to pay a handsome
return upon its cost.
40
REPORT ON T H E FINANCES.
The post-offices at Toledo, Ohio, Atlanta, Ga., and Des Moines,
Iowa, are entirely inadequate to accommodate these growing cities.
Sites have been purchased in these cities under appropriations heretofore made, and in each case approximately $500,000 should be
made available to provide suitable post-office accommodations. This
amount will not erect an elaborate building, but it will erect a substantial and well-appointed post-office.
It is unwise, in my judgment, to place a post-office in large cities
in the same building with a combined court-house and custom-house.
The practice involves disproportionate appropriations, when better
results can be obtained by erecting a separate post-office specially
designed for the sole use of this important branch of the public service.
Other cities than those above named are suffering from inadequate
post-office accommodations, and should be relieved as early as the
condition of the Treasury will permit. Nothing herein, however,
must be understood as recommending the erection of forty or
fifty thousand dollar buildings in small cities and towns, the maintenance of which alone always exceeds the rental value of suitable
quarters. For instance, the Government has thirteen post-offices in
cities of less than 8,000 population, and averaging less than 6,000, the
annual maintenance of which averages $1,800; while the actual rental
paid, plus maintenance, in an equal number of cities of population
five and one-half times as large—averaging 34,000—where there is
no Federal building, is but $2,000 per annum. In my judgment, the
Government should not ordinarily erect buildings in small towns
until adequate accommodations are provided in cities where suitable
quarters can not be otherwise obtained.
MARINE HOSPITALS.
The Government owns and operates 20 marine hospitals in which
the average aggregate attendance during the last three fiscal years
was 655, and the average cost of maintenance was $2.68 per day for
each patient exclusive of medicine, medical and surgical supplies.
In some of these hospitals it cost as high as $4 per day for each
patient, while the cost at 82 contract hospitals, where equally good
service was obtained, was a fraction less than $1 per day. There are
now four marine hospitals on the Ohio River, and an appropriation
available for the erection of a fifth at Pittsburg. During the last
year there was an average of seven patients at Pittsburg, for whom
satisfactory care and treatment were obtained at local hospitals at
94 cents per day. If the hospital be erected in harmony with the
appropriation, it will cost $125,000 and an additional appropriation
of at least $50,000 for equipment, and thereafter the cost of maintenance will approximate $4 per day for each patient.
SECRETARY OF THE TREASURY.
41
There was an average of 21 patients at Buffalo during the last
fiscal year, for whom satisfactory care was obtained under contract
at 95 cents per day. An appropriation of $125,000 has been made
for the erection of a marine hospital at Buffalo, which, if carried out,
will increase the cost of service at least threefold. These appropriations were made without reference to the Secretary of the Treasury,
and in my opinion were .ill advised, and the repeal thereof is recommended.
I also recommend the discontinuance of all marine hospitals except
at Fort Stanton, NewYork, Boston, Baltimore, NewOrleans, Chicago,
and San Francisco. The first of-these is a tuberculosis hospital, which
affords a character of treatment not obtainable elsewhere.
It must be borne in mind that the care of sick and unfortunate
sailors is wholly distinct^ from the quarantine service and the suppression of contagious diseases. It has always been the policy of
the Government to provide adequate care for our sailors, merchant
and naval, and this policy must not be abandoned. Its continuation, however, does not involve the maintenance of hospitals when
equally good service can be obtained at first-class institutions
under municipal and private management at less than one-half the
expense. The public health must be conserved in every appropriate
way, and the Bureau must not be abolished nor embarrassed for
want of funds for appropriate work, but as marine hospitals are
never open to the public they should not be maintained except in large
seaport cities.
VENTILATING SYSTEM.
Upon the recommendation of the Secretary of the Treasury,
$175,000 has been appropriated to provide a system of ventilation
within the Treasury building. The' preliminary report on which this
recommendation was based indicated that such a system was feasible,
and that it could be easily installed. When the working details
were prepared it was found impracticable, and I recommend that the
appropriation be repealed.
PRINTING AND BINDING.
Considerable saving in money and some improvement in the form of
Treasury publications have resulted from a careful revision—within
the limits of the law—of the printing and binding for the Treasury
Department, and further economies will follow. By an act of Congress approved March 3, 1901, this Department is required to maintain a weekly publication entitled ''Catalogue of Title Entries of
Books and Other Articles." The manuscript for this publication is
prepared by the Register of Copyrights, Library of Congress, and it is
42
REPORT ON T H E FINANCES.
printed and distributed by the Treasury Department. The cost of this
publication is about $20,000 per annum, and tliere are only 50 subscribers thereto at $5 per annuin. It is furnished to postmasters and
collectors of customs to enable them to stop the illegal importation of
American copyrighted books printed abroad. In practice it is seldom
referred to, and is of no particular value for the purpose designed. ^
I recommend the repeal of the act requiring its publication.
ASSAY OFFICE AT NEV^ YORK.
I repeat my previous recommendation that the assay office in
New York be sold and a new one erected in a more suitable location.
The present site would bring enough to buy a better one, erect a more
suitable building, and leave a respectable balance to be covered
into the Treasury. The present building is inadequate in size and
in every way inconvenient.
PNEUMATIC TUBES.
One year ago I called attention to the desirability of a pneumatic
tube system between the several Executive Departments within the
District. Such a system would prove a profitable investment, as it
would render no longer necessary a large force of clerks now employed
in carrying documents back and forth between the widely scattered
branches and bureaus of the Government.
A DEPARTMENT SAVINGS BANK.
There are in the District of Columbia, approximately, 17,000 clerks
and other permanently employed officials, receiving a salary of $900
or more per annum. Many of these are well advanced in years,
several nearly 90, quite a number past 80, and hundreds past 70.
SomiB of these would have been separated from the Service ere this
but for the element of sympathy which can not be eliminated in concrete cases where separation means casting the unfortunate upon the
charity of friends, and especially if there be no friends. I t is impossible to observe the faithful service of this great army of associates
for any considerable period without becoming intensely interested in
their welfare.
The atmosphere of the Departments is not favorable to the accumulation of savings. The average clerk lives to the limit of his income,
and many are in debt. There is probably no city in the world where
the rate of compensation for ordinary services is as high as in Washington, and there is certainly no city of its size in this country where savings banks deposits are as small. Six savings banks in the city of Washington report deposits aggregating but little over $3,000,000, while
SECRETARY OF TPIE TREASURY.
43
Detroit, Mich., about the same size as Washington, has one savings
bank with deposits of $7,500,000; Minneapolis, Minii., slightly
smaller than Washington, has a single savings bank with $12,000,000
on deposit, and Cleveland, Ohio, slightly larger than Washington,
has one savings institution where 70,000 depositors have $46,000,000
on deposit.
I believe it incumbent upon the Government to do everything
reasonably within its power to inculcate within the Departments
principles of economy such as Benjamin Franklin taught, the application of. which will, in every case, barring sickness and misfortune,
insure competency.
There are in the Treasury building 359 clerks who have served
over thirty years. One hundred dollars saved each year and kept at
interest at 4 per cent would have yielded nearly $6,000, which is a
competency in many portions of theUnited States and actual wealth
in some.
For the purpose of encouraging those in Departmental service to
save something from their salaries (which average, in my judgment,
fully 25 per cent higher, all things considered, than is paid for like
services elsewhere), I think it would be wise to charter a savings bank
upon the mutual plan prevalent in some of the States.
If this should be deemed expedient, I suggest that the board of
directors include an assistant secretary from each Department,
to be named by the head of the Department. The executive committee should be chosen from among the best business men of the city,
whose known interest in others will prompt them to render thoughtful, efficient, and unselfish service free of charge. The institution
could be placed under the supervision of the Comptroller of the Currency without additional expense. The only persons, therefore, to
draw salaries would be a treasurer and the few necessary clerks.
Having no capital on which to pay dividends, and with expenses
reduced to the minimum, such an institution ought to yield the
depositors approximately 4 per cent. To insure its management
solely in the interest of Governinent clerks and employees, deposits
should not be accepted from others.
The institution, I think, should be called the Department Savings
Bank, and if properly managed, and if due encouragement and
advice be extended throughout the Departments, I see in it great
possibilities. About all that the Departments now teach is punctuality and faithfulness in the discharge of the particular duties brought
to each desk. There is no reason why they should not teach selfreliance and independence. Nothing will put spirit into a clerk
quicker than the dawn of consciousness that there is within his reach
a competency, and a competency is within the reach of every clerk
44
REPORT ON T.PIE EINANCES.
in the Departments who will practice even a few of the rigid economies which have laid the foundation of nearly every American
fortune.
This must not be understood as a recommendation that the Government embark in the banking business. I favor no such policy,
and I very much doubt the wisdom of withholding ^ a portion of
accrued compensation to provide an annuity, or a gross sum to be
paid when existing relations terminate. Such a course inculcates
dependence and careless extravagance. Nothing would so surely
sap the self-reliant independence of a clerk as to regard the Government as his voluntary and benevolent guardian. The Government
can well afford to surround its servants with a wholesome instructive
atmosphere and to afford every encouraging opportunity, but in the
last analysis the individual must be taught self-reliance.
LESLIE M.
SHAW,
Secretary of the Treasury.
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.
45
TABLE A.—STATEMENT OF T H E OUTSTANDING PRINCIPAL OF THE PUBLIC D E B T OF THE UNITED STATES J U N E 30,
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 (6 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 OP 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.
Actof March 2, 1861 (12 Statutes, 178)
OREGON WAR DEBT.
Actof March 2,1861 (12 Statutes, 198)
a Included in old "debt."
When redeem- Rate of in- a tPrice
which
able.
terest. .
sold.
Ondemand..
5 and 6 per
cent.
Amount
authorized.
1905.
Amountissued.
Amount outstanding.
$151,635.26
Indeftnite .
1 and 2 years 1 and 2 years ' ^ of 1 to 6
per cent.
from date.
$51,000,000.,00
$47,002,900.00
(a)
o
1 year
1 year from
date.
^ of 1 to 5f
per cent.
Par.
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
(«)
23,000,000.00 &26,122,100.00
(a)
1 and 2 years 1 and 2 years 5 | and 6 per
cent.
from date.
1 year
1 year
date.
from
3 to 6 per
cent.
Par.
Jan. 1^1874...
10 or 20 years Dec. 31,1880..
60 days or 2
years.
o
W
Par.
Indefinite .. At the pleas- 6 per c e n t . . . P a r .
ure of the
Government.
20 years
Jan. 1,1868.... 6 per c e n t . . . l i to 2
per ct.
pre.
14 years
J a n . l , 1865... 5 per c e n t . . . Par
15 years
H
Indefinite
52,778,900.00
(a)
Indefinite
233,075.00
(«)
H
23,000,000.00 c 28,230,350.00
>
950.00
10,000,000.00
5,000,000 00
20,000.00
pre.
5 per c e n t . . . Av.
of H^^
20,000,000 00
20,000,000.00
2,000.00
6 per c e n t : . . (Av.)89.03
25,000,000.00
18,415,000.00
5,000.00
60 days or 2 6 p e r c e n t . . . Par to Indefinite
35,364,450.00
l^per
years after
ct. pre.
date.
July 1.1881 . . . 6 per c e n t . . . Par
2,800,000 00
1,090,850.00
20 years.
c Including conversion of Treasury notes.
b Including reissues.
2,300.00
2,400.00
Ul
TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued.
Length of
loan.
When redeemable.
Rate of interest.
Price
atwhich
sold.
After June 30,
1881.
6 per cent..
Par.
Amount
authorized.
Araount issued.
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 Sh per cent interest, and redeemable at the pleasure ofthe
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 1862t
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,
•vvithin 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
Treasnry might prescribe; which notes were made a legal tender
as before authorized. The same act limited the time in which the
20 years.
$250,000,000.00 $189,321,350.00
Indefinite .. At the pleas- 3i per cent.
ure of the
Government.
Indefinite .. On d e m a n d . . . None .
3 years.
Par.
60,000,000.00 a 60,030,000.00
Aug. 19 and ' 7-^ per cent. Av.pre.. Indefinite
Oct. 1, 1864.
of ^^%%-
5 or 20 years. May 1,1867 ... 6per cent..
Av. pre.
ofx^aV
515,000,000.00
$15.050.00
1,600.00
o
53,282.50
6
139,999,750.00
9,400.00
514,771,600.00
108,450.00
;^
346,681,016.00
O
tei
• >
Indefinite .. Ondemand.
450,000,000.00
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 by 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 n o t b e 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 ^ y
gold coin iii thie 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 for 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 Februarv 25. 1862 (12 Statutes. 346); March 17, 1862 (12 Statutes. 370); July 11,1862 (12 Statutes, 532), and June 30, 1864 (13 Statutes, 218).
Ul
o
H
M
H
Ul
d
Indefinite .
After 10 days'
notice.
4, 5, and 6
per cent.
Par.
150,000,000.00 0 716,099,247.16
aincluding reissues.
CD
TABLE A.—STATEMENT OP THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT,
Length of
loan.
When redeem- Rate of in- at Pnce
which
terest.
able.
sold.
ETC.—Continued.
Amount
authorized.
Amountissued.
O
Amount outstanding.
CERTIFICATES OF INDEBTEDNESS.
Acts of March 1,1862 (r2 Statutes, 352); May 17, 1862 (12 Statutes, 370),
and March 3, 1863 (12 Statutes, 710).
lyear
1 vear after
date.
$561,753,241.65
$3,000.00
$50,000,000.00 a368,720,079.51
6,^7,109,08
No limit.
6 per cent.,
FRACTIONAL CURRENCY.
Acts of July 17, 1862 (12 Statutes, 592); March 3, 1863 (12 Statutes, 711),
and Junfe 30, 1864 (13 Statutes, 220).
Indefinite.. On presentation.
None .
Par.
LOAN OF 1863.
The act of March 3,1863 (12 Statutes, 709), authorized a loan of $900,000,000, 17 years
July 1,1881.. 6 per c e n t . . . Av. pre.
.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 3^ per cent interest, and redeemable Indefinite -. At the pleas- 3i per c e n t . . P a r .
at the pleasure of the Government.
ure of the
Government.
ONE-YEAR NOTES OF 1863.
, 1 year
Act of March 3, 1863 (12 Statutes; 710)
TWO-YEAR NOTES OF 1863. Actof March 3, 1863 (12 Statutes, 710)
2 years
COMPOUND-INTEREST NOTES.
after 5 per c e n t . .
400,000,000.00
44,520,000.00
80,670.00
5 per c e n t . .
3 years from
date.
6 per cent
compound
Par.
400,000,000.00
166,480,000.00
26,850.00
5 per cent... Par to 7. 200,000,000.00
perct.
prem.
196,118,300.00
19,150.00
5 or 20 years. N o v . l , 1869..
6 per cent... Av. pre. 400,000,000.00
0f2xWtT-
125,561,300.00
15,000.00
Aug. 15, 1867
June 15, 1868 7 ^ per cent. Av. pre. 800,000,000.00 a829,992,500.00
July 15, 1868
of2xg§ti.
121,800.00
3 years
O
Ul
10 or 40 years Mar. 1, 1874..
SEVEN-THIRTIES OF 1864 AND 1865.
100.00
>
2 years after
date.
FIVE-TWENTIES OF 1864.
o
o
160,890.00
Act of March 3, 1864 (13 Statutes, 13)
Acts of June 30,1864 (13 Statutes, 218); January 28,1865 (13 Statutes,
425), and March 3,1865 (13 Statutes, 468).
8,100.00
266,595,440.00
3 years
Act of June 30,1864 (13 Statutes, 218)
Par.
75,000,000.00
400,000,000.00
Acts of March 3, 1863 (12 Statutes, 710), and June 30, 1864 (13 Statutes,
218).
TEN-FORTIES OF 1864.
i
1 year
date.
75,000,000.00
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... 6 p e r c e n t . . . Av. pre. I n d e f i n i t e .
203,327,250.00
20,850. 00
332,998,950.00
73,750.00
379,618,000.00
107,150.00
42,539,930.00
11,050.00
CONSOLS OF 1865.
Actsof March3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31).. 5or 20 years. J u l y l , 1870.
6 per cent.
Av. pre. I n d e f i n i t e .
ofimV.
CONSOLS OF 1867.
Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31).. 5 or20 years. July 1, 1872.
6 percent... A v . p r e . I n d e f i n i t e . .
CONSOLS OF 1868.
Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31).. 5or 20 years. July 1, 1873.
6 per cent.
THREE-PER-CENT CERTIFICATES.
Av. pre.
OfxMlT-
Actsof March 2,1867 (14 Statutes, 558), and July 25,1868 (15 Statutes, 183).. Indefinite .. O n d e m a n d . . . 3 p e r c e n t . . . P a r .
Indefinite
75,000,000.00
a85,155.000.00
6,000.00
^
>
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.
The act of March 8,1875 (18 Statutes, 466), directs the Secretary of the
Treasury to issue bonds of the character aud 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 in coin
of the present standard value, at the pleasure of the IJnited 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 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 hot 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
^
o
O
>
Ul
-10 years.
May 1, 1881... 5 per cent.
a Including reissues.
517,994,150.00
27,750.00
Ol
TABLF A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued.
Length of
loan.
Whenredeemable.
Rate of interest.
Price
at which
sold.
Amount
authorized.
Amountissued
t>0
Amount outstanding.
FUNDED LOAN OF 1881—Continued.
bonds, when due, to be rnade in order of dates and numbers, beginning with each class last dated and nuinbered. Interest to cease at
the end of three months from noticeof intention to redeem. The act
of January 20,1871 (16 Statutes, 399), increases the amount of 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 a m o u n t 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.
$1,500,000,000
§
FUNDED LOAN OF 1891. (REFUNDING.)
The act of July 14,1870 (16 Statutes, 272), authorizes the issue of
$300,000,000 at 4^ 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 6-20'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.
FUNDED LOAN OF 1891.
Sept. 1,1891.
4^ per cent..
!^
$185,000,000.00
$45,700.00
>
, o
Ul
(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,
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.
O
15 years.
15 years.
Sept. 1,1891..
4i 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 the 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 the Treasury of the UnitedStates. 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 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 65.
FUNDED LOAN OF 1907.
30 years.
July 1,1907.
4 per cent.
710,480,950.00
P a r to
A per
ct. pre.
h156,595,600.00
Ul
O
(RESUMPTION.)
The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from time t o t i m e i n t h e
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 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.
30 years.
July 1,1907 .
4 per cent .
Indefinite ..
L 30,600,000.00
o
:r3
GOLD CERTIFICATES.
The act of March 3,1863 (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 not 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 .
Indefinite .
517,579,969.00
>
Ul
TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Conthiued.
Length of
loan.
When redeem- Rate of inable.
terest.
Price
atwhich
sold.
Amount
authorized.
Amountissued.
Amount outstanding.
GOLD CERTIPICATES—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 the
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
of the certificates herein provided for; and further, that the Secretary of the Treasury may, in his discretion, issue such certificates in
denominations of ten thousand dollars, payable to order.
O
O
SILVER CERTIFICATES.
The act of February 28, 1878 (20 Statutes, 26, sec. 3), provides that any
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 deraand. 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 fivedollars; said
certificates to be receivable, redeemable, and payable in like manner and for like purposes asis provided for by the actof February 28,
1878.
Indefinite .. Ondemand.
None .
No limit.
$465,266,000.00
O
U2
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
in 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 of 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 than ten
dollars shall from time to time be retired 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 of 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.
u>
o
Indefinite . Convertiblein- 4 per cent..
to 4 per cent
bonds.
Par
Indefinite . . At pleasure of
the Government.
Par
No limit
$40,012,750.00
27,630.00
§
50.00
Ul^
; > •
Indefinite .
At pleasure of
the Government.
Indefinite . . At pleasure of
tne Govemment.
3^ per cent.
2 per cent-.. Par
3 per cent..
Par
25,364,500.00
82,200.00
200.00
C7t
T A B L E A.—STATEMENT OF T H E OUTSTANDING P R I N C I P A L 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 riot 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 years.
ETC.—Continued.
When redeem- Rate of in- at Price
which
terest.
able.
sold.
Amount
authorized.
f 117.
117.223
Feb. 1,1904.., 5 per c e n t . . . t 117. 077
Amount issued.
$100,000,000.00
aimount outstanding.
$294,860.00
O
LOAN OF 1925.
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 surns of not less than fifty dollars.
LOAN OF 1908-1918.
The act of June 13, 1898 (30 Statutes, 467, sec. 33), authorizes the Secretary of the Treasur}'- to borrow on the credit of tbe 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 neces.sary, 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 Statea after ten years from t h e date of their i.ssue, 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.
/104.4946
4 per cent.. till.166
30 years . .
Feb. 1,1926...
10 years . .
After Aug. 1, 3 per cent.
1908.
$400,000,000.00
162,316,400.00
118,489,900.00
198,792,660.00
77,136,360.00
O
>
O
Ul
CONSOLS OF 1930.
The act of 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 amountof coupon or registered
bonds of the United States, in such form as he may prescribe, in denominations of fifty dollars, or any multiple thereof, bearing interest
at the rate of two per centum per annum, payable 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 bo6ds to be issued at not less
than 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 percent.., P a r .
839,146,340.00
542,909,960.00
542,909,950.00
Ul
O
fej
>
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
and 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 paymentof 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 ih 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.
9,413,000.00
i^
fej
fej
>
Ul
d
TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued.
Length of
loan.
When redeemable.
Rate of in. terest.
Price
at which
sold.
Amount
authorized.
Amount issued.
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 14, 1890, as 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, and to issue
in payment for such purchases Treasury notes of the United States.
The act of June 13, 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 public interests may require, to an amount
of notless than one and one-half millions of dollars in each month,
and that said dollars, when 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 under the 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 Treasury a reserve fund of one hundred a n d fifty million dollars to be used for such redemption purposes only. It also provides that it shall be the duty of the Secretary of tlie Treasury, as fast as sil ver 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 such cancellation to issue silver certificates against
the silver dollars so coined.
pi
fej
o
O
fej
fej
Ul
NATIONAL-BANK NOTES (REDEMPTION ACCOUNT).
The act of July 14, 1890 (26 Stat., 289), provides that balances standing with the Treasurer of the Unitea 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, * * * and the
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.
$82 227,102.00
2,274,615,063.84
59
SECBETABY OP THE TBEASUBY.
TABLE B.—STATEMENT OF THE OUTSTANDING PRINCIPAL OP THE PUBLIC DEBT OF
THE UNITED STATES ON THE 1ST OF JANUARY OF EACH Y E A R FROM 1791 TO
1843, INCLUSIVE, AND ON THE 1ST OF JULY OF EACH Y E A R FROM 1843 TO 1905,
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
1826
1826
1827
1828
1829
1830
1831
1832
1833
1834
1835
1836
1837
1838
1839
1840
1841
1842
1843
^
Year.
$75,463,470.52 July 1,1843
1844
77,227,924.66
80,358,634.04
1845
78,427,404.77
1846..
80,747,687.39
1847..-.
83,762,172.07
1848
1849
82,064,479.33
1850
79,228,629.12
•
78,408,669.77
1851..
1852
82,076,294.35
.
83,038,050.80
1853
1854
80,712,632.25
1856
77,054,686.40
1856
86,427,120.88
1857
82,312,150.50
...
1858
75,723,270.66
•1859
60,218,398.64
I860
05,196,317.97
1861
57,023,192.00
1862..:
63,173,217.62
1863
48,005,587.76
1864
45,209,737.90
1865
56,962,827.67
1866
81,487,846.24
1867
99,C33,660.16
1868
127,334,933-. 74
1869
123,491,966.16
1870...
103,466,633.83
1871
95,520,648.28
1872
91,015,566.16
1873
89,987,427.66
1874
93,646,676.98
1876
90,875,877.28
1876....
90,269,777.77
1877
83,788,432.71
1878
81,064,059.99
1879
. .. 73,987,367.20
1880
67,476,043.87
1881
68,421,413.67
1882
48,666,406.50
1883
39,123,191.68
1884
. 24,322,236.18
1885
7,001,698.83
1886
4,760,082.08
1887
33,733.05
1888
37,613.05
1889
336,957.83
1890
. . .
3,308,124.07
1891
10,434,221.14
1892
...
3,573,343.82
1893
5,260,875.54
1894
13,594,480.73
1895
20,201,226.27
1896
1897
1898
1899
1900
1901. 1902
1903
1904
1905
1
Amount.
:
$32,742,922.00
23,461,652.60
16,925,303.01
15,650,202.97
38,826,534.77
47,044,862.23
63,061,858.69
63,452,773.65
68,304,796.02
66,199,341.71
59,803,117.70
42,242,222.42
36,586,956.56
31,972,537.90
28,699,831.86
44,911,881.03
68,496,837.88
64,842,287.88
90,580,873.72
624,176,412.13
1,119,772,138.63
1,815,784,370.67
2,680,647,869.74
2,773,236,173.69
2,678,126,103.87
2,611,687,851.19
2,588,452,213.94
2,480,672,427.81
2,353,211,332.32
2,253,251,328.78
a 2,234,482,993.20
a 2,251,690,468.43
a2,232,284,531.95
a2,180,395,067.16
a2,206,301,392.10
a2,256,205,892.63
a 2,349,567,482.04
--... a2,120,415,370.63
a2,069,013,669.58
al, 918,312,994.03
a 1,884,171,728.07
a 1,830,628,923.67
& 1,876,424,275.14
& 1,756,445,205.78
&1,688,229,591.63
& 1,705,992,320.58
& 1,640,673,340.23
& 1,585,821,048.73
&1,560,472,784.61
& 1,628,840,151.63
& 1,598, 111, 166.13
& 1,668,757,127.68
& 1,698,676,661.25
& 1,778,434,49L 40
b1,811,435,708.90
& 1,798,066,921.90
& 1,984,766,107.92
& 2,101,445,226.67
& 2,094,481,966.89
c2,111,654,973.89
c 2,162,639,009.89
0 2,226,571,647.14
02,235,503,599.84
« 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
amonnt in United States notes was on special deposit in the Treasury for their redemption and added
to tbe 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.—ANALYSIS OP THE PRINCIPAL OF THE PUBLIC DEBT OF THE UNITED STATES PROM JULY 1, 1856, TO JULY 1, 1905.
Year.
1866—Julyl
1857
1858
1859
I860
•
1861
1862
1863.
1864
1S65
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
1694
2 percents.
3 percents.
$64,000,000.00
66.125,000.00
59i 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 percents.
4 percents.
4i percents.
$57,926,116.57
106,629,385.30
77,547,696.07
90,496,930.74
618,127.98
121,341,879.62
17,737,025.68
801,361.23
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
739,349,360.00
737,942,200.00
737,961,700.00
737,960,4.50.00
737,967,600.00
737,975,850.00
714,315,450.00
676,214,990.00
602,297,360,00
559,669,920.00
669,664,830.00
659,672,600.00
559,677,390.00
$140,000,000.00
240,000,000.00
260,000,000.00
250,000,000.00
250,000,000.00
250,000,000.00
250,000,000.00
260,000,000.00
250,000,000.00
260,000, 000.00
260,000,000.00
222,207,050.00
139,639, 000.00
109,015, 750.00
60,869,200.00
a 25,364, 500.00
a 25,364,600.00
a 26,364,600.00
6 percents.
6 percents.
$3,632,000.00
3,489,000.00
23,538,000.00
37,127,800.00
43,476,300.00
33,022,200.00
30,483,000.00
30,483,000.00
300,213,480.00
246,709,420.63
269,175,727.65
201,982,665.01
198,633,435.01
221,586,185.01
221,588,300.00
221,688,300.00
274,236,450.00
414,667,300.00
414,567,300.00
510,628,060.00
607,132,750.00
711,685,800.00
703,266,650.00
703,266,650.00
508,440,360.00
484,864,900.00
439,841,360.00
$28,130,761.77
24,971,958.93
21,162,838.11
21,162,938.11
21,164,538.11
67,358,673.96
154,313,225.01
431,444,813.83
842,882,652.09
1,213,495,169.90
1,281,736,439.33
1,195,546,041.02
1,643,452,080.02
1,878,303,984.50
1,874,347,222.39
1,765,317,422.39
1,613,897,300.00
1,374,883,800.00
1,281,238,660.00
1,213,624,700.00
1,100,866,550.00
984,999,650.00
854,621,860.00
738,619,000.00
283,681,350.00
236,780,400.00
196,378,600.00
56,666,666.66
7 ^ percents.
$122,682,485.34
139,974,436.34
139,286,935.34
671,610,397.02
830,000,000.00
813,460,621.96
488,344,846.96
37,397,196.95
o
Total interestbearing debt.
$31,762,761.77
28,460,958.93
° 44,700,838.11
58,290.738 11
64,640,838.11
90,380,873.95
365,304,826.92
707,531,634.47
1,369,930,763.50
2,221,311,918.29
2,381,530,294.96
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
1,738,930,750.00
1,722,676,300.00
1,710,685,450.00
1,711,888,600.00
1,794,736,650.00
1,797,643,700.00
1,723,993,100.00
1,639,667,750.00
1,463,810,400.00
1,338 229,150.00
1,226,563,860.00
1,196,150,950.00
1,146,014,100.00
1,021,692,350.00
960,622,600.00
829,853, 990.00
725,313,110.00
610,529,120.00
686,029,330.00
685,037,100.00
635,041,890.00
fej
o
o
o
fej
Ul
1895.
18961897.
1898.
18991900.
19011902.
1903.
1904.
1905.
$307,126,350.00
445,940,750.00
445,940,750.00
620,143,150.00
642,909,950.00
542,909,960.00
198,678,720.00
128,843,240.00
99,621,420.00
97,615,660.00
83,107,060.00
77,136,360.00
77,135,360.00
590,837,560.00 a 25,364,500.00
721,999,390.00 a 25,364,500.00
722,000,630.00 a 25,364,500.00
722,002,970.00 a 26,364,500.00
722,005,630.00 'a 26,364,600.00
517,879,220.00 a 21,979,850.00
419,724,770.00
368,203,580.00
291,906,150.00
275,112,130.00
276,113,030.00
000,000.00
000,000.00
000,000.00
000,000.00
000,000.00
651,200.00
864,100.00
410,360.00
385,050.06
716, 202,060.00
847, 363,890.00
847, 365,130.00
847, 367,470.00
1,046, 048,760.00
1,023, 478,860.00
987, 141,040.00
931, 070,340.00
914, 641,410.00
896, 157,440.00
896, 158,340.00
a Continued at 2 per cent.
Ul
ofej
fej
o
fej
K
fej
fel
Ul
d
Oi
Oi
TABLE C . — A N A L Y S I S OF T H E PRINCIPAL OF THE PUBLIC D E B T OF THE UNITED' STATES, ETC.—Continued.
to
Year.
1856—July 1 . . . .
1867
1858
•..
1859
1860
1861
1862
1863
1864
1865
1865—August 31
1866—July 1 . - . .
1867
1868
1869
1870
1871
1872
1873
.'.
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1886
1886.---:
• 1887
1888
1889
1890
1891
1892
1893
Debt on which
interest has
ceased.
776.13
238, 872.92
21i; 042.92
206, 099.77
201, 449.77
199, 999.77
280, 195.21
473, 048.16
416, 336.86
l,245i 771.20
1,503, 020.09
935, 092.05
1,840, 615.01
1,197, 340.89
5,260, 181.00
3,708, 641.00
1,948, 902.26
7,926, 797.26
51,929, 710.26
3,216, 590.26
11,425, 820.26
3,902, 420.26
16,648, 860.26
5,594, 560.26
37,015, 630.26
7,621, 455.26
6,723, 865.26
16,260, 805.26
7,831, 415.26
19,656, 205.26
995.26
4,100, 445.26
9,704, 165.26
6,115, 095.26
2,496, 485.26
1,911, 805.26
1,815, 705.26
1,614, 875.26
2,785, 060.26
2,094,
D e b t b e a r i n g n o O u t s t a n d i n g p r i n - C a s h i n t h e Treas- T o t a l d e b t less c a s h A n n u a l i n t e r e s t
u r y J t d y 1.
charge.
cipal.
in Treasury.
interest.
$158, 591,390.00
411, 767,456.00
455, 437,271.21
458, 090,180.25
461, 6 1 6 , 3 n . 6 1
439, 969,874.04
428, 218,101.20
408, 401,782.61
421, 131,510.56
430, 608,064.42
416, 565,680.06
430, 530,431152
472, 069,332.94
509, 543,128.17
498, 182,411.69
465, 807,196.89
476, 764,031.84
455, 875,-682.27
410, 835,74L78
388, 800,815.37
422, 721,964.32
438, 241,788.77
538, 111,162.81
584, 308,868.31
663, 712,927.88
619, 344,468.52
629, 795,077.37
739, 840,389.32
787, 287,446.97
825, Oil, 289.47
933, 862,766.35
1,000, 648,939'. 37
958, 854,526.87
$31,972,537.90
28,699,831.85
44,911,881.03
68,496,837.88
64,842,287.88
90,580,873.72
524,176,412.13
1,119,772,138.63
1,815,784,370.67
2,680,647,869.74
2,844,649,626.66
2,773,236,173.69
2,678,126,103.87
2,611,687,851.19
2,588,452,213.94
2,480,672,427.81
2,363,211, 332.32
2,253,26i:328,78
2,234,482;993.20
2,261,690,468.43
2,232,284*,531.95
2,180,395,067.15
2,205,301,392.10
2,256,205,892.53
2,245,495,072.04
2,120,416 370.63
2,069,013,669.58
1,918,312 994.03
1,884,171,728.07
1,830,528,923.57
1,863,964!873.14
1,775,063,013.78
1,657,602 692.63
1,692,858: 984.68
1,619,052 922.23
1,552,140,
1,545, S96,204.73
1,588,464,691.61
1,545,985,144.63
686.13
$21,006 584.89
18,70i: 210.09
7,011,689.31
5,091,603.69
4,877,886.87,
2,862, 212.92
18,863;869.96
8,421,401.22
106,332 093.63
6,832;012.98
88,218,055.13
137,200,009.85
169,974,892.18
130,834,437.96
155,680,340.85
149,602,471.60
106,217,263.66
103,470,798.43
129,020,932.45
147,541,314.74
142,243,361.82
119,469,726.70
186,025,960.73
256,823,612.08
249,080,167.01
201,088,622.88
249,363;415.36
243,289,619.78
902.92
. 346,389,
391,985,928.18
488,612,429.23
492,917,173.34
482,433,917.21
629,854,089.85
643,113,172.01
661,355,834.20
694,083,839.83
681.03
, 746,937,
707,016,210.38
965,953.01
9, 998,621.76
37, 900,19L72
53, 405,234.19
59, 964,402.01
87, 718,660.80
605, 312,752.17
1,111, 350,737.41
1,709, 452,277.04
2,674, 815,856.76
2,756 431,571.43
2,636, 036,163.84
2,608, 161,211.69
2,480, 853,413.23
2,432, 771,873.09
2,331, 169,956.21
2,246, 994,068.67
2,149, 780,530.35
2,106, 462,060.75
2,104, 149,153.69
2,090, 041,170.13
2,060, 925,340.45
2,019; 275,431.37
1,999, 382,280.46
1,996, 414,905.03
1,919, 326,747.75
1,819, 650,154.23
1; 676, 023,474.25
1,638, 781,825.15
1,438, 542,995.39
1, 375, 352,443.91
1,282, 145,840.44
168,675.42
1,176, 004,894.73
1,063, 939,750.22
975, 784,370.53
890, 912,751.78
851, 626,463.60
841, 969,476.76
838,
445.70
1,672,767.63
2,446,670.28
3,126;166.28
3,443,687.29
5,092,630.43
22,048,509.59
41,854,148.01
78,853,487.24
137,742,617.43
150,977,697.87
146,068,196.29
138,892,451.39
128,459,598.14
126,523,998.34
118,784,960.34
111, 949,330.60
103,988,463.00
98,049,804.00
98,796,004.50
96,855,690.60
96,104,269.00
93,160,643.50
94,654,472.50
83,773,778.50
79,633,981.00
75.018,695.50
57; 360,110.75
51,436,709.50
47,926,432.50
47,014,133.00
45,610,098.00
41,780,529.50
38,991,935:25
33,752,354.60
29,417,603.15
13,615, 735.80
22,893,883.20
22,894,194.00
fej
O
o
"^
W
fel
o
fej
Ul
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1,861,240.26
1,721,690.26
1,636,890.26
1,346,880.26
1,262,680.26
1,218,300.26
1,176,320.26
1,416,620.26
1,280,860.26
1,205,090.26
1,970,920.26
1,370,245.26
995, 360,506.42
958, 197,332.99
920, 839,543.14
968, 960, 656.64
947, 901,845.64
944, 660, 256.66
1,112,305,911.41
1,164,770, 273.63
1,226,259,245.63
1,286,718,281.63
1,366,875,224.88
1,378,086,478.58
632,253,636.
676,120,983.
769,840,323.
817, 672, 666.
796,531, 995.
991,927, 306.
136,961,091.
143,326, 933.
158,610,446.
202,464, 781.
264,003, 585.
274,615,063.
732, 940,256.13
774, 448,016.51
814, 643,069.70
831, 016,579.76
769, 446,503.76
836, 607, 071.73
1,029,249,833.78
1,098,687, 813.92
1,189,163,204.85
1,277,453,144.58
1,296,771,811.39
1,284,748,291.87
899,313,380.55
901,672,966.74
955,297,253.70
986,656,086.14
027„ 085, 492.14
155,320,236.19
107,711,257.89
044,739, 119.97
969,457,241.04
925, Oil, 637.31
967,231 773.75
989,866 771.97
25,394, 385.60
29,140, 792.40
34,387, 265.60
34,387, 315.20
34,387, 408.80
40,347, 872.80
33,546, 130.00
29,789, 163.40
27,542, 946.60
25,641, 573.30
24,176, 745.00
24,176, 781.00
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.
NOTE 3.—The temporary loan per act of July 11, 1862, is included in the 4 percents 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 on
an average for the year. -
Ul
ofej
pi
fej
H
O
fel
fej
>
Ul
Oi
05
64
REPORT
ON
0
THE
FINANCES.
T A B L E D . — S T A T E M E N T OF T H E ISSUE AND REDEMPTION OF LOANS AND TREASURY
N O T E S ( B Y W A R R A N T S ) F O R T H E F I S C A L Y E A R E N D E D J U N E 30,
1905.
Issues.
Treasury notes of 1861, act of Mar. 2,
1861
Old demand notes, acts of July 17,
1861, Aug. 5,1864, and Feb. 12,1862...
Five-twenties of 1862, act of Feb. 25,
1862
Legal-tender notes, acts of Feb. 25
and July 11,1862, Jan. 7 and Mar. 3,
1863, and Mar. 14,1900
$126,530,000.00
Fractional currency, acts of July 17,
1862, Mar. 3, 1863, and June 30,1864..
Gold certificates, acts of Mar. 3, 1863,
July 12,1882, and Mar. 14,1900
194,710,000.00
One-year notes of 1863, act of Mar. 3,
1863
Compound-interest notes, acts of Mar.
3,1868, and June 30,1864
Ten-forties of 1864, act of Mar. 3,1864..
Seven-thirties, of 1864 and 1865, acts of
June 30,1864, and Mar. 3,1865
Consols of 1865, act of Mar. 3,1865
Consols of 1867, act of Mar. 3,1865
Silver certificates, acts of Feb. 28,1878,
and Mar. 14,1900
316,300,000.00
Refunding certificates, act of Feb. 26,
1879
Funded loan of 1881, acts of July 14,
1870, Jan. 20,1871, and Jan. 14,1875...
National bank-note account, act of
22,557,927.50
July 14,1890
Treasury notes of 1890, acts of July 14,
1890, and Mar. 14,1900
Funded loan of 1891, acts of Julv 14,
1870, Jan. 21,1871, and Jan. 14,1875. - Funded loan of 1891, acts of July 14,
1870, Jan. 21,1871, and Jan. 14, 1875,
continued at 2 per ceiit
Loan of 1904, acts of Jan. 14,1876, and
Mar. 14,1900
Funded loan of 1907, acts of July 14, 1
a 2,750.00
1870, Jan. 20, 1871, Jan. ] 4,1875, and
Mar.14,1900.
660,100,677.50
Total
Redemptions.
Excess of
• issues.
Excess of
redemptions.
8100 00
$100.00
566.00
665.00
104,500.00
104,500.00
126,530,000.00
2,140.80
2,140.80
171,420,600.00
$23,289,400.'00
145.00
145.00
330.00
200.00
330.00
200.00
300.00
50.00
100.00
300.00
50.00
100.00
321,511,000.00
5,211,000.00
1,550.00
1,550.00
200.00
200. 00
25,857,368.00
3,299,440.50
3,565,000.00
3,565,000.00
10,750.00
10,750.00
'
1,000.00
300.00
649,489,198.80
1,000.00
483,000.00
483,000.00
a 2,750.00
"
23,292,150.00
300.00
12,680,671.30
Excess of issues
Excess of redemptions
23,292,150.00
12,680,671.30
Net excess of issues charged in receipts and expenditures
10,611,478.70
a Issued in exchange for refunding certificates and interest due thereon.
TABLE
E.—STATEMENT SHO'WING THE PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING F U N D DURING EACH FISCAL Y E A R
" FROM ITS I N S T I T U T I O N I N M A Y , 1 8 6 9 , TO AND INCLUDING J u N E 3 0 , 1 9 0 5 .
Year e n d e d -
u
Principal re- P r e m i u m paid.
deemed.
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 .
o
I—'
i
Five-twenties
Five-twenties
F i v e - t w e n t i es
Five-twenties
Consols, 1865
Consols, 1867
Consols, 1868
of
of
of
of
J U N E 30, 1869. •
1862
M a r c h , 1864
J u n e , 1864
1865
,
Total -
$1,621,000.00
70,000.00
1,051,000.00
465,000.00
461,000.00
4,718,000.00
305, 000.00
$253,822.84
11,725.00
161,946.45
74,969.00
73,736.80
749,208.08
49,442.60
$1,874,822.84
81,725.00
1,212,946.46
539,969.00
634,736.80
5,467,208.08
354,442.60
$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
10,510.00
4,650.00
13,830.00
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
8,691,000.00
1,374,850.67
10,065,850.67
7,261,437.30
196,590.00
136,392.56
60,197.44
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
63,363.95
4,035,529.42
100,742.87
4,477,589.91
3,151, 985.43
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
10,681,736.97
5,309,810.90
308,573.16
160,919.50
5,350.00
165,834.00
105,257.50
495,421.60
302,734.50
19,380.00
45,994.49
1,080.99
49,946.00
37,113.53
145,518.29
66,111. 51
6,238.73
114,925.01
4,269.01
115,888.00
68,143.97
349,903.21
236,622.99
14,141.27
28,151,900.00
3,747,053.68
31,898,953.68
25,893,143.57
351,003.54
903,893.46
227,607.56
2,277.20
340,529.63
574,923.00
860,949.79
541,559.41
4,784.61
3,020,557.56
31,777.20
4,307,879.63
7,343,523.00
11,073,149.79
6,644,609.41
67,384.61
2,680,209.05
28,590.88
3,847,182.42
6,525,231.42
9,762,387.78
5,800,618.37
49,797.81
145,975.00
1,240.00
201,375.00
331,933.50
522,117.00
351,528.00
3,096.00
36,657.80
388.35
61,703.46
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
2,623.87
29,936,250.00
2,542,631.20
32,478,881.20
28,694,017.73
1,557,264.50
367,782.63
1,189,481.97
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
14,959.03
438,656.16
436.838.70
1,436,989.46
833,600.16
9,951.63
7,181,905.21
142,069.03
4,043,306.16
4,072,038.70
13,225,889.46
7,792,500.16
95,80L63
6,345,391.98
126,123.46
3,673,223.63
3,594,747.86
11,660,785.89
6,863,777.39
84,595.02
427,849.00
8,894.00
246,001.50
246,562.00
707,334.00
417,534.00
6,15L00
75,179.43
1,338.70
67,449.80
37,817.37
149,248.21
108,487.92
1,386.96
352,669.57
7,555.30
188,551.70
208,744.63
658,085.79
309,046.08
3,764.05
32,618,460.00
3,935,050.34
36,553,500.34
32,248,645.22
2,059,325.50
J U N E 30, 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
J U N E 30, 1871.
1862
M a r c h , 1864
J u n e , 1864
1865
Total.
2,792,950.00
, . 29,500.00
3,967,350.00
6,768, 600.00
10,222,200.00
6,103,050.00
52,600.00
. 1,254,897.00
Ul
o
>
pi
fej
pi
fej
>
Ul
J U N E 30, 1872.
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 .
•.
1,628,417.12
Oi
Ox
TABLE E.—STATEMENT SHOWING T H E PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING FUND, ETC.—Continued.
P r i n c i p a l redeemed.
Year ended—
Premium paid.
N e t cost i n
currency.
N e t cost
estimated in
gold.
Interest due
a t close of fi.scal year.
Accrued
interest paid
in coin.
o
o
B a l a n c e of
in terest d u e a t
close of
fiscal year.
J U N E 30, 1873.
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
.
Total
$7,137,100.00 •
50,000.00
3,741,150.00
1,959,850.00
10,768,250.00
4,402,100.00
619,550.00
$925,783.87
7,372.50
480,684.37
250,6S5.93
1,371,187.17
553, 610.89
81,983.44
$8,062,883.87
57,372.50
4,221,834.37
2,210,485. 93
12,139,437.17
4,955,710.89
701,533.44
$7,089,542.58
49,780.91
3,715,211.22
1,943,488.93
10,668, 617.09
4,373,781.76
617,140.34
$431,450.50
3,500.00
223,270.50
120,266.50
64.6,095. 00
264,126. 00
37,173.00
$101,960.57
813.70
42.216.46
23.744.47
145,069. 34
. 69,632.51
• 8,948.40
$329,489.93
2 686.30
181 054.04
96, 522.03
501,025.66
194,-493.49
28,224. 60
28.. 678,000.00
3,671,258.17
32,349,258.17
28,457,562. S3
1,725,881.50
392,385.45
1,333,496.05
1,421,700.00
2,020,550.00
1,247,250.00
3,393,650.00
4,051,000'. 00
802,300.00
161,219.79
218,457.39
135,577.95
360,964.62
432,348.18
86,505. 62
1,582,919.79
2,239,007.39
1,382,827.95
3,754,614.62
4,483,348.18
888,805.62
1,415,391.05
2,012,051. 32
1,241,571. 69
3,374,934.42
4,029,975.86
798,926.40
99,519.00
141,438.50
87,307.50
203,619.00
243,060.00
48,138.00
31,743.95
48,013.46
29,348.19
46,489.33
55, 976.97
11,014.38
67,775.05
93,425. 04
57,959.31
157,129. 67
187,083.03
37,123. 62
12,936,450.00
1,395,073.65
14,331,523.56
12,872,850.74
823,082.00
222,586.28
600,495. 72
25,170,400.00
25., 170,400.00
541,973.50
353,061.56
188,9n.94
6,785,200.00
10,869,600.00
1,789,250.00
5,785,200.00
10,869,600.00
1,789,250.00
404,964.00
760,872.00
125,247.50
54,745.72
171,966.33
30,805.86
350,218. 28
588,905. 67
94,441.64
18,444,050.00
18,444,050.00
1,291,083.50
257,517.91
1,033,565.59
J U N E 30, 1874.
F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of J u n e , i864
F i v e - t w e n t i e s of 1865
Consols, 1865
Consols, 1867
Consols, 1868
. .
.
Total
.
Pi
O
Pi
H
O
fej
J U N E 30, 1875.
F i v e - t w e n t i e s of 1862
J U N E 30, 1876.
Ul
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
Total
i
J U N E 30, 1877.
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
Consols, 1865
Consols, 1867
Total
o
"T. .
81,200.00
178,900.00
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
•30.00
1,181.67
1,323.60
3,141.08
108.97
21.20"
3,170.58
8,619.90
6,377. 92
72.53
'8 80
447,500.00
447,500.00
24,026.25
5,776.52
18,249. 73
JUNE 30, 1878.
Five-twenties of 1862
Five-twenties of June, 1864
Five-twenties of 1865
Consols, 1865
•Consols, 1867
•Consols, 1868
.'
,
--
Total
17,900.00
15,900. 00
2,350. 00
23,600.00
5,700.00
8,500. 00
17,900.00
15,900.00
2,350.00
23,600.00
5,700. 00
8,500.00
966.00
834.00
329.00
1,416.00
342. 00
. 510.00
192. 65
78.41
40.92
273. 35
134.76
89.83
773 35
755.59
88 08
1,142. 65
207 24
420.17
73,950.00
73,950.00
4,197.00
809. 92
3,387.08
2,650.00
3,150.00
1,850.00
1,700.00
9,050.00
100.00
2,650.00
3,150.00
1,850:00
1,700.00
9,050.00
100.00
166.76
94.50
85.50
102.00
543.00
6.00
40.35
18.53
4L22
41.49
166. 62
.56
125 40
75.97
44.28
60 61
376.38
6 44
Ul
fej
18,500.00
18,500.00
996.76
308.77
687 98
pi
4.00
4.00
14.60
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
47,640.20
518,148.79
213,179.29
3,662.66
130,349.36
10,191.74
3.33
3.51
8 65
16,296.10
37,669.80
647,658. 71
271,568.21
6,124.94
284,813.34
4,808.26
1,267,854.85
JUNE 30, 1879.
Five-twenties of 1862
Five-twen ties of June, 1864
Five-twenties of 1865
•Consols, 1865
Consols, 1867
•Consols, 1868
'
-
Total...-."
JUNE 30, 1880.
Five-twenties of 1862
Five-twenties of June, 1864
Five-twenties of 1865
'Ten-forties of 1864
Loan of February, 1861
Loan of July and August, 1861
Loan of March, 1863
Oregon war debt
,
Funded loan of 1881
Funded loan of 1907
Total.
,
100.00
100.00
250. 00
676,050.00
2,837,000.00
32,064,250.00
12,797,150.00
202,550.00
23,575,450.00
1,500,000.00
$74,161.95
1,376,085.04
549,035.18
8,273.02
662,206.97
125,558.26
100. 00
100.00
250.00
676, 050.00
2,911,161.95
33,440,335.04
13,346,185.18
210,823.02
24,237,656.97
1,625, 558.26
73,652,900.00
2, 795, 320.42
76,448,220.42
2,203,806.45
935,951.60
51,277.58
488,876.11
199,514.62
1,408.65
320,17L82
3,000.00
50.00
100. 00
7,826,277.58
17,201,326.11
7, 256,614.62
55,658.65
43,089,571.82
210.00
3.50
7.00
462,390.00
1,002,747.00
361,315.50
2,584.50
1,106,474.15
80.22
.25
1.74
160, .072.88
200,043.95
83,330.61
651.11
263,342.94
129.78
3.26
6 26
302,317.12
802,703.05
277,984.99
2,033.39
843,131.21
75,432,698.78
2,936,731.65
707,423. 60
2,228,308.05
opi
fej
>
ofej
H.
R
fej
H
Pi
fej
>
Ul
d
Pi
JUNE 30, 1881.
Five-twenties of 1862
Five-twenties of June, 1864
Five-twenties of 1865
-.:
Xoan of February, 1861
Loan of July and August, 1861
Loan of March, 1863
Oregon war debt
F u n d e d loan of 1881
Total
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
74,371,350.00
1,061,248.78
Oi
TABLE E.—STATEMENT SHOWING THE PURCHASE AND REDEMPTION OP BONDS ON ACCOUNT OF THE SINKING F U N D ,
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 .
$55,215,850.00
2,637,850.00
1,000.00
2,224,450.00
$55,215,850.00
2,637,850.00
1,000.00
2,224,450.00
$1,368,894. 62
91,701.75
23.33
115,717.53
$579,493.12
25,771.80
2.78
6,771.83
$789,401.50
65,929.95
20.55
103,945. 70
60,079,150.00
60,079,150.00
1,576,337.23
612,039.53
964,297.70
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
233,862.12
14.18
138.13
5,293.40
186,913.66
137,402.11
8.68
1,578.53
15,466.85
984,120.71
96^ 460.01
44,850,700.00
44,850,700.00
1,427,378.90
329,761.48
1,097,617.42
200.00
5,200.00
422,5'50.00
566,250.00
33,221,450.00
12,553,950.00
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
13.35
164.24
2,823.94
7,069.86
276,923.93
31,884.61
3.85
22.84
11,965.31
12,748.89
741,253.04
208,245.52
46, 769,600.00
46,769,600.00
1,293, 111. 68
318,879.93
974,231.75
4,000.00
100.00
1,100.00
52,250.00
18,000.00
230,500.00
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
85.00
4.00
36.67
1,269.62
499. 62
5,347.70
1,153,460.88
701.96
.49
50.51
588.85
87.92
1,416.28
268,821.31
616.96
3.51
13.84
680.77
411.70
3,931.42
884,639.57
45,688,150.00
45,588,150.00
1,160,703.49
271,667.32
889,036.17
P r i n c i p a l redeemed.
Year ended—
ETC.—Continued.
Premium paid
N e t cost i n
currency.
QO
J U N E 30, 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^ 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
J U N E 30, 1883.
o
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 b 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
Total
•
o
fej
J U N E 30, 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 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 31 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
L o a n of J u l y 12 1882
pi
.•
y
fej
H-l
fe!
d
fej
Ul
Total
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^ 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
L o a n of J u l y 12,1882
Total .
.
.
JUNE 30, 1886.
Oregon war debt
Loan of July and August, 1861
Loan of 1863
Five-twenties of 1862
Five-twenties of 1864
Five-twenties of 1865
Ten-forties of 1864
Consols of 1866
:
Consols of 1867
Consols of 1868
Funded loan of 1881
Loan of 1882
Loan of 1863, continued a t Si per cent
Loan of July and August, 1861, continued at 3^ per cent
Funded loan of 1881, continued at 3i per cent
100.00
2,500.00
1, ioo. 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
L50
53.25
31.50
1,425.00
85.25
6.00
356.25
419.25
662.25
203.25
826.50
435,942.01
123.00
2,848.60
4,704.13
18.00
99.00
33.00
14,399.00
31.14
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
3 98
77 45
423 04
1,408.50
366.79
42 05
216,324.57
91 68
1,287.74
3,638.79
44,531,350.00
44,531,350.00
447.687.64
242,487.45
205,200.19
• 47,748,750.00
1,300.00
3,100.00
28,700.00
650.00
8,000.00
2,000.00
13,400.00
18,200.00
34,000.00
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
223,676.38
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
213.17
1,151,976.62
35 33
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
47,894,200.00
47,894,200.00
1,383,537.83
231,864. 88
1,151,672. 95
Loan of 1882
Funded loan of 1891
Funded loan of 1907
18,880,500.0.0
19,455,400.00 """i,'555,"966."i7'
1,296,049.71
5,389,250.00
18,880,500.00
21,011,366.17.
6,685,299.71
° 660,630.00
794,247.00
203,293.00
94,660.88
95,098.43
43,817.79
665,969.12
699,148.57
159,475.21
Total
JUNE 30, 1889.
Oregon war debt
Loan of July a n d August, 1861
Loan of 1882
Loan of July a n d August, 1861, continued at 3i per cent
Loan of 1863, continued at 3i per cent
Funded loan of 1891
Funded loan of 1907
43,725,150.00
Total
JUNE 30, 1887.
Loan of 1882
Ten-forties of 1864
Funded loan of 1881
Loan of July and August, 1861
Five-twenties of 1862
Five-twenties of 1865
Loan of February, 1861
Loan of 1863
Consols of 1865
Consols of 1867
Consols of 1868
Loan of July and August, 1861, continued at 3^ per cent,
Loan of 1863, continued at 3^ per cent
Funded loan of 1881, continued at 3i per cent
Total
100.00
2,500.00
1,100.00
67,500.00
4,300.00
300.00
14,250.00
15,900.00
26,950.00
12,250.00
49,800.00
44,044,800.00
4,100.00
96,750.00
190,750.00
JUNE 30, 1888.
Total
2,852,015.88
46,577,165.88
1,658,170.00
233,577.10
1,424,592.90
1,150.00
500.00
57,900.00
3,000.00
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
39,397. 68
180,452. 69
30.00
15.00
1,354.31
84.58
2.59
440,678.44
830,915.31
39,056,150.00
8,517,140.30
47,573,290.30
1,493,360.87
220,280.64
1,273,080.23
Ul
fel
o
>
pi
y<
o
fej.
Ul
pi
O^
TABLE E.—STATEMENT SHOWING THE PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING FUND,
P r i n c i p a l redeemed.
Year ended—
J U N E 30, 1890.
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
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 1907
T o t a l . -•
-
Premium paid.
N e t cost i n
currency.
ETC.—Continued.
o
N e t cost
estimated in
gold.
Interest due
a t close of fiscal year.
Accrued
interest paid
in coin.
B a l a n c e of
interest due at
close of
fiscal y e a r .
$119.25
35.00
137.50
537,523.68
1,045,804.50
m . 39
16.88
109.14
69,588.99
156,655.13
$107.86
18.12
28.36
467,934.69
889,149.37
J , 583,619.93
226,381.53
1,357,238.40
$4,050.00
1,000.00
3,000.00
12,136,750.00
27,696,600.00
$710,666.79
7,636,058.37
H , 050.00
1,000.00
3,000.00
12,847,416.79
35,231,658.37
39,840,400.'00
8,246,725.16
48,087,125.16
69,945.63
3,790,140.65
6,300.00
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
1,156,413.38
54,310.28
138.24
28.50
3.00
81,325.14
691,331.22
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
600.00
15,700.00
24,225,800.00
47,700.00
2.25
25D.00
370.12
1.75
11.67
10.79,
218.00
1,085,419.69
792.38
L42
250.00
93.30
.15
26.76
4.25
53.64
179,940.76
41.93
276. 82
1.60
15.09
6.54
164.36
906,478.94
760.45
24,310,800.00
21,310,800.00
1,087,076.65
180,412.20
906,664.45
25.00
1,000.00
7,600. 00
2,000.00
1,000.00
1,000.00
76,850.00
511,700.00
26.00
1,000.00
7,600.00
2,000.00
1,000.00
1,000.00
76,850.00
511,700.00
.76
30.00
228.00
35.00
17.50
23.33
2,653. 75
16,580.99
.75
90.00
2,358.00
24.74
8.10
.86
377.80
5,977.72
60.00
2,130.00
10.26
9.40
22.47
2,275 96
10,603.27
601,175.00
601,175.00
19,569.32
8,837.97
10,731.35
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
6,300.00
950.00
100.00
27,860,400.00
16,134,000.00
Total
44,001,750.00
J U N E 30, 1892.
W a r - b o u n t y 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 1 8 8 1 . . .
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, c o n t i n u e d a t 2 p e r c e n t
Total
'.
J U N E 30, 1893.
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 3 i .per 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
L o a n cff 1 8 8 2 . . . .
F u n d e d l o a n of 1891
Total
.
PS
fej
^'
o
pi
O
•
'.
:
.83
^4
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 3i per cent.
of 1881
of 1881, continued at 3^ per cent
of 1891
Total
Loan of
Loan of
Funded
Funded
Loan of
Funded
JUNE 30, 1895.
July and August, 1861
1863
loan of 1881
loan of 1881, continued at 3i per cent
1882
loan of 1891
,
,
Total
3.00
270. 99
.151.51
134.75
22.29
1,721.51
3.00*
359.01
6.82
224.58
50.71
4,557.30
7,505.47
' 2,304.05
6,201.42
7,400.00
3,000.00
3,100.00
2,500.00
7,350.00
96,200.00
325.50
'90.00
163.33
36.46
97.12
3,509.04
321.00
90.00
454.64
19.99
47.47
1,810.73
291.31
16.47
49.65
1,698.31
119,550.00
4,221.45
2,743.83
1,477.62
100.00
18,000.00
1,000.00
15,400.00
4,400.00
176,000.00
- 6.00
630.00
158. 33
359.33
73.00
6,278.81
214,900.00
214,900.00
7,400.00
3,000.00
3,100.00
2,500.00
7,350.00
96,200.00
119,550.00
100.00
18,000.00
1,000.00
15,400.00
4,400.00
176,000.00
,
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
Five-twenties of 1862
Loan of 1863
Funded loan of 1881
Funded loan of 1881, continued at 3i per cent
Loan of July and August, 1861, continued at 3i per cent.
Loan of July 12, 1882
Funded loan of 1891
Total - - Lpan of
Funded
Funded
Funded
Loan of
July
loan
loan
loan
July
JUNE 30, 1898.
and August, 1861
of 1881
of 1881, continued at 3i per cent
of 1891
12, 1882
Total
>
pi
50.00
500.00
500.00
3,200.00
2,000.00
3,200.00
68,150.00
50.00
500.00
500.00
3,200.00
2,000.00
3,200.00
58,150. 00
12.00
30.00
30.00
394.17
70.00
41.50
2,876.41
12.00
15.00
16.00
397.43
35.00
22.10
1,159. 68
15.00
15.00
3.26
35.00
19.40
1,716.73
67,600.00
67, 600.00
3,454:08
1,656.21
1,797.87
2,400.00
1,000.00
500.00
500.00
1,000.00
1,500.00
1,600.00
237,400.00
2,175.00
520.00
30.00
16.67
23.33
43.75
32.00
13,426.16
2,169. 00
486.74
15.00
1.37
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
6,372.33
11,000.00
2,650.00
'100.00
21,350.00
100.00
2,130.00
233.95
1.46
" 369.18
3.50
1,830.00
174.66
.88
166.87
.36
300.00
59.30
.58
202.31
3.14
35,200.00
2,738.09
2,172.76
666.33
2,400.00
1,000.00
500.00
500..00
1,000.00
1,500.00
1,600.00
237,400.00
245,900.00
•
11,000.00
2,650.00
100.00
21,350.00
100.00
35,200.00
:i::::
::
::
H<'
(7>
G
TABLE E.—STATEMENT SHOWING THE PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING FUND,
Principal redeemed.
Year ended—
P r e m i u m paid.
N e t cost
in currency.
N e t cost
estimated in
•> gold.
Interest due
a t clo.se of fiscal y e a r .
^7
fcO
ETC.—Continued.
Accrued
interest paid
in coin.
B a l a n c e of
interest due'at
• close of
fiscal year.
J U N E 30, 1899.
L o a n of J u l y
L o a n of 1863
F u n d e d loan
F u n d e d loan
L o a n of J u l y
Funded loan
a n d A u g u s t , 1861
of 1881
of 1881, c o n t i n u e d a t 3$ p e r c e n t
12, 1882
of 1891
Total
$2;300.00
500.00
1,100.00
500.00
5,100.00
17,550. 00
$2,300.00
500.00
1,100.00
500.00
5,100.00
17,550.00
$2,277.00
30.00
187.92
20.42
139.50
1,172.80
$2,277.GO
15. 00
153.602.49
25. 56
700.21
27,050.00
27,050.00
3,827.64
3,173.86
653.78
100.00
500.00
300.00
36,600.00
3,384,650.00
14,310,350. 00
4,990,300.00
$1,824,569.40
548,933.00
100.00
500.00
300.00
36,600.00
3,384,650.00
16,134,919.40
5,539,233.00
6.00
30.00
6.25
635.06
7,543.59
429,074.50
166,343.33
3.39
15.00
4.20
342.02
3,934.61
83,078.64
14,636.72
2.61
15.00
2.05
293.04
3,608.98
346,995.86
151 706.61
22,722,800.00
2,373,502.40
25,096,302.40
603,638.73
102,014.58
501,624.16
2, 670.00
90.00
17.50
446.62
421,125.92
129,876.00
9,035.83
1,457.60
2,520.00
90.00
7.53
348.13
87,429.18
50,859.46
5,309.78
1,118.71
150.00
9.97
98.49
'333,696.74
79,016.54
3,726.05
338.89
504,719.47
147,682. 79
417,036.68
$i5.66
34 32
17.93
113.94
472.59
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
.
-
o
pi
^ J U N E 30, 1900.
Total
Pi
fej
.
;-^
o
fej
J U N E 30, 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
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^ 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
L o a n of 1904
L o a n of 1908-1918
Total
14,000.00
3,000.00 .
600.00
5,850.00
21,705,250.00
12,983,700.00
1,084,300.00
291,520.00
1,724,471.33
91,816.68
24,832.76
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
36,088,120.00
1,841,120.77
37,929,240.77
^
O
Ul
J U N E 30, 1902.
L o a n of 1863
T<^nnrlpd lof^n of 1881 c o n t i n u e d , a t 3 i 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 n 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
.
L o a n of 1925
Total
---
.
100.00
1,000.00
100.00
5,250.00
120,900.00
24,201,000.00
2,443,750.00
2,105,280.00
27,321,200. 00
56; 199,580.00
2,958,620.95
175,680.25
173,880.64
10,735,209.30-
IQO.00
1,000.00
100.00
6,250.00
120,900.00
27,159,620.95
2,619,4.30. 25
2,279,160. 64
38,056,409.30
96.00
60.00
3.21
232.12
1,565.49
748,512.00
92,242.70
55,666.80
837,179.33
96.00
30.00
.50
71.08
516.72
148,542.39
13,105.85
5,902.20
128,269.75
30.00
2.71
161.04
1,048.77
599,969.61
79,136.86
49,764.60
708,909.58
14,043,391.14
70,242,971.14
1,735,557.65
296,634.49
1,439,023.13
11.67
137.64
805.83
1,159.58
605,157.66
2.49
39.62
271.39
242.49
141,204.68
9.18
98.02
534.44
917.09
463,953.08
J U N E 30,1903.
Funded
Funded
Funded
L o a n of
L o a n of
Ul
l o a n of 1881 c o n t i n u e d a t 3 i n e r c e n t
l o a n of 1891
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
1904
1925
Total
500.00
6,400.00
63,500.00
25,300.00
16,504,300.00
6,201,025.41
500.00
6,400.00
63,500.00
26,322.51
22,705,325.41
16,600,000.00
6,202,047. 92
22,802,047.92
607,272.38
141, 760.57
465,611.81
1,300.00
7,000.00
18,607,200.00
1,300.00
7,000.00
18,607,200.00
47.62
121. 67
725,470. 92
2.40
29.91
338,361.64
45.22
91.76
387,109.28
18,615,500.00
18,615,500.00
725,640.21
338,393.95
387,246.26
10,000.00
200.00
10,750.00
1,000.00
483,000. 00
300.00
10,000.00
200.00
10,750.00
1,000.00
.483,000.00
300.00
700.00
n.67
401.44
6.67
20,569. 97
9.00
1,022.51
J U N E 30, 1904.
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
L o a n of 1904
Total
.
"-
J U N E 30, 1905.
F i v e - t w e n t i e s of 186'^
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
L o a n of 1904
F u n d e d l o a n of 1907
; . . . .'
Total
Grand total
.
506,250. op
965,880,725.00
68,468,616. 66
•
67.40
• 5.30
118.90
•4.27
5,176.44
L63
fej
o
pi
fej
H
O
fej
•c^ij
632.60
6.37
282.54
2.40
15,393. 53
7.37
606,250.00
21,698.75
5,373.94
16,324.81
167,677,967.61 1,012,088,931.44
33,766,925.71
9,302,604.18
24,464,321.53
fej
>
Ul
-pi
00
TABLE F . — S I N K I N G FUND ACCOUNT, FOR FISCAL YEAR
DR.
July 1, 1904
June 30,1905
To balance from last year
•
.'
$388,348, 261.48
11,362, 590.16
To 1 per cent on the principal of the public debt on
June 30, 1904, less coin certificates. Treasury notes,
and cash available for reduction of the debt, viz,
$1,136,259,016.14.
To interest on redemptions prior to fiscal year 1905...
45,823, 688-. 12
To interest on $508,970.80, amount of debt " paid "
21. 913. 25
during fiscal year 1905.
445, 556,453.01
June 30,1905
By
By
By
By
By
By
1905.
principal of bonded debt redeemed in 1905
accrued interest thereon
fractional currency and notes redeemed in 1905
accrued interest thereon
nationaj-bank notes redeemed
balance
CR.
^
^
$505,250.00
5,373.94
3,720.80
272.06
3,299,440.50
441,742,395.71
445,556,463.01
O =
'a
fei
Ul
75
SECRETARY .OP X.B:E TREASURY.
TABLE G.—POPULATION, N E T REVENUE, AND N E T EXPENDITURES OF THE GOVERNMENT FROM 1837 TO 1905, AND P E R CAPITA OF THE REVENUES AND P E R CAPITA
OP EXPENDITURES.
Population.
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
1869
I860...
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
1887
1888
....•
1889
1890
1891
1892
1893-- -.
1894
1895
.'.
1896
1897
1898
1899
1900 .
.
1901
1902
1903
1904
1905
15,655,000
16,112,000
16,584,000
17,069,453
17,691,000
18,132,000
18,694,000
19,276,000
19,878,000
20,500,000
21,143,000
21,805,000
22,489,000
23,191,876
23,995,000
24,802,000
25,615,000
26,433,000
• - - - . 27,256,000
28,083,000
28,916,000
29,753,000
30,596,000
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
.38,658,371
39,555,000
40,596,000
41,677,000
.
-. 42,796,000
43,-951,000
45,137, 000
46,353,000
47,598,000
48,866,000
50,155,783
-•
51,316,000
62,495,000
53,693,000
64,911,000
66,148,000
...
67,404,000
68,680,000
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
80,847,000
81,867,000
83,260,000
Net revenue.
$24,954,153.00
26,302,562.00
31,482,750.00
19,480,115.00
16,860,160.00
19,976,197.00
8,302,702.00
29,321,374.00
29,970,106.00
29,699,968.00
26,495,769.00
35,735,779.00
31,208,143.00
43,603,439.00
52,559,304.00
49,846,816.00
61,587,054.00
73,800,341.00
65,350,576.00
74,056,699.00
68,965,313.00
46,655,366.00
53,486,466.00
56,064,608.00
41,509,930.00
51,987,455, 00
112,697,291.00
264,626,772.00
333,714,605.00
558,032.620.00
490,634; 010.00
405.038,083.00
370,943,747.00
411,255,478.00
383,323,945.00
374,106,868.00
333,738,205.00
304,978,755.00
288,000,051.00
294,095,865.00
281,406,419.00
257,763,879.00
273,827,184.00
333,526,611.00
360,782,293.00
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
387,050,059.00
403,080,982.00
392,612,447.31
354,937,784.24
385,819,628.78
297,722,019.25
313,390,075.11
326,976,200.38
347,721,705.16
405,321,335.20
515,960,620.18
567,240,851.89
587,685,337.53
662,478,233.21
660,396,674.40
640,631,749.40
544,274,684.85
Per capita on
revenue.
$1.59
L63
L90
L14
.96
1.10
.89
L62
L61
1.45
L25
L64
L39
L88
2.19
2.01
2.40
2.79
2.40
2.64
2.38
L57
L75
1.78
1.29
L59
3.38
7.77
9.60
15.73
13.55
10.97
9.82
10.67
9.69
9.22
8.01
7.13
6.55
6.52
6.07
6.42
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
6.81
4.40
4.64
4.65
4.85
5.55
6.93
7.43
7.56
7.11
6.93
6.60
6.64
Net expenses.
$37,243,496.00
33,866,059.00
26,899,128.00
24,317,579.00
26,665,873.00
25,205,761.00
11,858,076.00
22,337,571.00
22,937,408.00
27,766,925.00
67,281,412.00
46,377,225.00
45,051,657.00
39,543,492.00
47,709,017.00
44,194,919.00
48,184,111.00
58,044,862.00
59,742,668.00
69,571,026.00
67,795,708.00
74,185,270.00
69,070,977.00
63,130,598.00
.66,546,(345.00
474,761,819.00
714,740,725.00
865,322,614.00
1,297,555,224.00
520,809,417.00
367,542,675.00
377,340,285.00
322,865,278.00
309,653,561.00
292,177,188.00
277,517,963.00
290,345,245.00
302,633,873.00
274,623,393.00
265,101,085.00
241,334,475.00
236,964,327.00
166,947,884.00
• 267,642,958.00
260,712,888.00
257,981,440.00
266,408,138.00
244,126,244.00
260,226,935.00
242,483,138.00
267,932,179.00
a267,924,801.00
& 299,288,978.00
c318,040,710.00
d365,773,905.35
345,023,330.58
383,477,954.49
367,625,279.83
356,195,298.29
352,179,446.08
365,774,159.67
443,368; 582.80
606,072,179.85
487,713,791.71
509,967,353.15
471,190,857.64
506,099,007.04
582,402,321.31
667,278,913.46
Per capita
on
expenditures.
f
$2.38
2.10
1.62
1.42
1.51
L39
1.27
1.16
1.15
1.35
2.71
2.08
2.00
1.71
1.99
L78
1.88
2.20
2.19
2.48
2.34
2.49
2.26
2.01
2.08
14.52
21.42
25.42
37.34
14.68
. 9.87
10.21
8.55
8.03
7.39
6.84
6.97
7.07
6.25
5.87
5.21
4.98
6.46
5.34
5.08
4.91
4.94
4.44
4.63
4.22
4.56
4.46
4.88
6.07
5.72
6.29
6.77
6.43
6.16
5.01
5.10
6.07
8.14
6.39
6.56
6.96
6.26.
7.11
6.81
aThis includes $8,270,842.46 of "premiums on purchase of bonds."
&This includes $17,292,362.65 of "premiums on purchase of bonds."
cThis includes $20,304,224.06 of "premiums on purchase of bonds."
dThis includes $10,401,220.61 of "premiums on purchase of bonds."
NOTE.—The net revenue and expenses and i^er capita on revenues for 1891 were erroneously stated
by the Register of the Treasury in his reports for 1891,1892, and 1893. (See Finance Repoi ts for those
years, pp. 845, 767, and 906.)
76
REPOET ON T H E FINANCES.
TABLE H.—INTERN/VL AND CUSTOMS REVENUE AND EXPENSES OF COLLECTING, FROM
1858 TO 1905.
Year ended
J u n e 30—
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
1887
1888
1889
1890
1891
1892
3893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
Customs r e v e n u e .
Internal revenue.
Revenue.^
E x p e n s e s of collecting.?>
Dollars,
Dollars.
(cl)
R
k
h)
hi)
(^0
37,640,787.95
109,741,134.10
209,461,215.25
309,226,813.42
266,027,537.43
191,087,589.41
158,356,460.86
184,899,756.49
- . 143,098,153.63
130,642,177.72
113,729,314.14
102,409,784.90
110,007,493.58
116,700,732.03
118,63q,407.83
110,581,624.74
113,561,610.58
124,009,3'73.92
135,264,385.51
146,°497,595.45
144,220,368.98
121,586,072.61
112,498,725.54
116,805,936.48
118,823,391.22
124,296,871.98
130;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
- -. 273,437,101.51
295,327,926.76
307,180,663. 77
271,880,122.10
230,810,124.17
232,904,119.46
234,096,740.85
108,685.00
253,372.99
385,239.62
5,783,128.77
7,335,029.81
8,705,866.36
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
3,942,613.72
3,556,943.85
3,280,162.22
3,527,956.56
3,657,105.10
4,327,793.24
4,097,241.34
4,424,707.39
4,216,847.26
3,853,035.94
3,578,679.42
3,826,507.98
3,626,038.91
3.770.388.72
3,780, 950.41
4^003.485.65
3,879;082.31
4,144,927.02
3,749,029.22
3,754,936.45
3,846,887.55
3,606,798.85
3,705,'256.95
4,350, 543.05
4,446,318.98
4,404,986.68
4,360,144.97
4,490,479.28
4,507,867.83
4,338,184.70
Revenue.^
E x p e n s e s of c o l l e c t i n g . c
P e r cent.
. Dollars.
Dollars.
6.94
41,789,620.96
2,903,336.89
6.85
49,565,824.38
3,407,931.77
6.27
53,1S7,-511.87
3,337,188.16
7.18
39,582,125.64
"2,843,455.84
(d)
6.67
49,056,397.62
3,276,560.39
.29
4.60
69,059,642.40
3,181,026.17
.23 102,316,152.99
4.09
4,192,582.43
.18
6.39
84,928,260.00
5,415,449.32
1.87 179,046,651.58
2.98
5,342,469.99
2.77 176,417,810.88
3.26
5,763,979.01
4.55 164,464,699.56
' 4.65
7,641,116.68
4.59 180,048,426.63
2.99
5,388,082.31
3.92 194,538,374.44
6,233,747.68
3.20
5.30 206,270,408.05
6,668,350.61
3.18
4.36 216,370,286.77
6,950,173.88
3.21
4.69 188,089,522.70
7,077,864.70
3.76
4.40 163,103,833.69
7,321,469.94
4.49
3.89 157,167,722.35 • 7,028,521.80
4.47
3.38 148,071,984.61
4.53
6,704,858.09
2.99 130,956,493.07 • 6,501,037.57
4.96
2.96 130,170,680.20
4.47
5,826,974.32
3.10 137,250,047.70
3.96
5,477,421.52
2.95 186,522,064.60
3.23
6,023,253.53
3.20 198,159,676.023.22
6,383,288.10
2.80 220,410,730.25
2.95
6,506,359.26
3.06 214,706,496.93
3.07
6,593,509.43
3.47 195,067,489.76
3.44
6,709,485.76
3.42 181,471,939.34
6,494,847.29
3.58
3.06 192,905,023.44
3.33
6,427,612.67
3.22 217,286,893.13
3.16
6,855,80L74
2.92 219,091,173.63
3.27
7,156,187.77
2.88 223,832,741.69
3.14
7,030,487.00
2.65 229,668,584.57
2.98
6,859,986.09
2.75 219,522,205.23
3.17
6,964,367.09
2.52 177,452,964.16
3.74
6,646,276.05
2.57 203,355,016.73
3.32
6,756,790.98
2.55 131,818,530.62
5.15
6,791,872.86
2.62 152,158,617.45
4.43
6,736,690.92
2.62 160,021,751.67
4.52
7,237,796.40
2.46 176,554,126.65
7,075,372.05
4.01
2.17 149,576,062.35
4.78
7,152,276.58
1.59 206,128,481.75
3.57
7^361,562.83
. 1.51 233,164,871.16
3.20
7,467,692.48
1.43 238,685,455.99
7,713,418.82
3.23
1.60 254,444,708.19
3.13
•7,967,472.891.95 284,479,581.81
8,468,710.19
2.S8
1.94 261,274,664.81
3.32
8,665,636.37
1.85 261,798,856.91
9,115,499.44
3.48
P e r cent,
(d)
(d)
(d)
a Based on warrants issued.
&The cost of collecting the internal revenue embraces the following items: Salaries and expenses of
collectors including pay of deputy collectors, clerks, etc., 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 frorii customs includes all sums drawn from the appropriation made by Congress forthat purpose. The money is expended for salaries, 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 not include
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.
dNo data.
^ABLE I . — S T A T E M E N T S H O W I N G T H E R E V E N U E S A N D ExPENDiTifRES O F T H E G O V E R N M E N T B Y M O N T H S ; T H E L E G A L - T E N D E R N O T E S , N E T G O L D ,
AND A V A I L A B L E C A S H I N T H E T R E A S U R Y AT T H E E N D O F E A C H M O N T H ; T H E M O N T H L Y R E D E M P T I O N O F L E G A L - T E N D E R N O T E S I N G O L D ,
AND THE I M P O R T S A N D E X P O R T S O P G O L D , F R O M J A N U A R Y , 1879, T O J U N E , 1 9 0 5 , I N C L U S I V E .
Month.
1879—January
February
March
April
May
June
Total for 6 months..
July
August
September
October
November
December
1880—January
February
March
April
May
June
Expenditures, excluRevenues, sive
of postal,
exclusive of principal
of
postal.
debt, and
premium.
$20,757,406
19,344,163
20,750,080
19,786,565
27,232,288
25,562,892
$32,478,888
17,895,024
21,510,883
18,042,282
26,694,264
20,030,982
a$ll,721,482
1,449,139
a 760,803
1,744,283
637,924
5,531,910
137,368,329
134,058,342
3,309,987
723,768
883,496
521,394
171,283
861,029
628,968
827,580
809,648
326,695
103,369
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
20,045,821
13,320,440
18,333,183
14,382,225
21,311,525
a 19,305,859
1,379,409
3,326,623
7,186,366
940,978
8,274,369
1,674,930
7,763,827
17,006,256
11,770,186
14,617^ 876
6,309,564
264,847,637
68,678,974
521,013
864,049
101,835
095,209
612,967
006,721
055,013
539,571
494,308
807,779
881,650
265,206
35,532,121
23,487,616
18,386,706
21,995,004
21,924,410
19,657,441
28;037,306
16,756,475
20,558,547
21,646,376
21,692,639
14,291,767
a 1,011,108
9,376,433
11,715,129
6,100,205
3,688,557
8,349,280
1,017,707
10,783,096
8,935,761
9,261,403
10,189,011
16,973,439
360,782,293
259,651,639
101,130,654
Total for 12 months
July
August
September
October
November
December
1881—January
February
March
April
May
June
Total for 12 months
Surplus
revenues.
Available Legal-tender
Legal-tender
notes
Net gold cash balance,
notes
in
Treasury.
redeemed
including
in Treasury.
in gold.
net gold.
$30,579,531
44,494,973
50,684,669
39,539,823
51,670,442
45,036,904
23,541,466
36,222,606
18,933,254
17,327,567
16,388,454
12,570,494
11,614,662
15,054,093
15,760,081
17,489,280
18,183,020
18,785,559
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
$116,674,227
116,886,279
117,162,166
118,809,680
121,300,140
119,956,655
120,320,583
126,537,690
164,763,795
157,140,114
147,247,977
146,194,182
143,340,027
136,995,458
135,766,551
130,726, 640
120,699,196
118,181,527
115,274,646
120,018,180
127,764,733
133,278,253
143,981,139
160,213,716
148,052,809
166,808,853
167,639.263
164,358; 564
157,893,879
'157,412,141
$336,449,861
428,961,460
405,411,670
432,746,833
475,663,096
379,542,919
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
191,789,673
193,998,696
188,670,884
186,190,329
189,613,598
186,802,191
181,042,437
180,921,671
184,354,528
180,848,303
208,099,302
205,791,774
204,622,204
204,144,327
213,636,823
Imports of
gold.
Exports of
gold.
$1,571,752
909,249
952,776
699,773
1,339,883
2,503,302
$274,707
137,386
188,500
170,894
185,225
143,338
$346,096
116,613
76,985
426,310
350,003
1,441,000
7,976,698
1,100,050
2,755,967
954,800
981,400
603,485
740,295
77,499
122,359
71,600
72,080
43,020
16,000
61,000
47,200
251,381
6,723,313
27,528,082
19,178, 631
17,423,834
6,562,650
795,568
464,473
892,180
166,432
123,580
648,272
349,779
350,664
132,443
285,826
105,999
134,768
226,205
149,612
1,166,679
89,192
106,497
541,361
3,780, 638
0,758,396
3,639,025
25,000
22,OGO
150,000
9,000
12,000
25,000
16,000
13,750
244,330
9,145,390
18,846,998
16,256,058
9,555,39!
16,506,026
4,739,902
677,478
7,169,774
16,351,980
1,315,777
322,155
61,886
90,909
80,914
169,871
220,759
158,574
30,415
271,379
160,786
88, 593
614,498
616,548
271,760
100,031,259
. 2,666,132
a 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 the totals by years. The latter are the actual results, as shown by complete returns.
Ul
o
pi
>
pi
>
Ul
c\
pi
Ki
T A B L E I . — S T A T E M E N T SHOWING T H E R E V E N U E S AND E X P E N D I T U R E S OF T H E GOVERNMENT BY M O N T H S ,
Month.
1881—July
August
September
October
November
December
1882—January
February
March
April
May
June
'
•.
T o t a l for 12 m o n t h s
July
August
Septeraber
October
November
December
1883—January
February
March
April
May
June
-
---
T o t a l for 12 m o n t h s
July
August
September
October
November
December
1884—January
February
March
April
-=-
Revenues,
e x c l u s i v e of
postal.
Expenditures, exclusive of postal
principal of
debt, and
premium.
$33, 896,016
37, 537,864
34, 125,621
35, 910,843
28, 703,605
30, 695,316
33, 150,162
30, 916,324
33, 815,909
34, 468,580
36, 128,081
31, 786,789
$34,471,542
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
403,525,250
257,981,440
145,543,810
338,726
862,619
847,587
162,383
199,652
416,578
045,466
562,177
306,235
164,511
439,594
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
,138
132,879,444
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
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
398,287,582
000,813
188,202
143,701
037,269
309,742
030,279
820,145
406,013
070,739
309,812
265,'
Surplus
revenues.
a%blb, 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
8,970,059,
15,327,716
ETC.—Continued.
Legal-tender
Available
Legal-tender
Net gold
cash balance,
notes
notes
I
n
T
r
e
a
s
u
r
y
.
i
n
c
l
u
d
i
n
g
redeemed
in Treasury,
net gold.
in gold.
$19,099,910
19,870,869
19,025,132
18,206,769
17,411,078
16,452,800
17,384,394
18,256,850
17,446,415
17,637,824
19,873, 690
21,425,589
$149,163,355 §201,544,433
199,900,146
164,098,402
204,520,280
169,122,025
167,785j 609 191,888,136
193,806,619
173,025,684
199,614,433
167,429,348
190,533,247
159,972,569
197,166,334
168,585,554
198,137,431
161,290,437
149,997, 982 194,050,480
191,861,776
148,932,626
195,892,419
143,477,370
22,749,590
24,068,941
21,408,158
19,854,196
20,756,392
18,879,395
21,162,237
21,614,817
20,413,561
20,919,623
21,681,825
23,438,839
140,062,590
144,311,881
147,831,667
148,435,473
144,809,314
131,989,758
125,648,195
135,107,161
141,308,204
139,439,242
133,718,103
138,271,198
194,192,970
195,469,614
198,541,173
203,642,301
207,509,753
204,969,309
200,045, 520
186,218, 388
191,553,558
185,555,568
180,529,237
197,177,342
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
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
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
I m p o r t s of
gold.
CO
E x p o r t s of
gold.
$750,852
5,427,196
10,660, 641
8,295,490
3,059,202
2,728,173
1,134,040
• 468,825
839,566
551,301
204,626
257,142
$112,361
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
75,000
17,734,149
11,600,888
380,000
30,000
429,754
1,977,354
2,233,272
4,261,430
4,363,818
1,003,212
525,413
422,304
903,201
3,010,429
100,870
132,323
196,345
132,530
403,368
436,969
153,766
3,411,157
12,224,135
21.047; 525
S40,000
75,000
O
pi
H
O
>
Q
Ul
May June.
T o t a l for 12 m o n t h s .
July
August.-.'.,
September.
October
November.
December .
1885—January . . - .
February..
March
April
May
June
T o t a l for 12 m o n t h s .
30,371,894
26,932,088
19,771,318
16,116,114
10,600,576
10,815,974
348,519,870
244,126,244
104,393,626
273,994
366,509
229,119
189,428
235,568
835,045
872,129
093,399
310,735
063,927
709,136
157,016
323,690,706
33,669, 398
27,694,326
17,173,912
23,345,061
21,374,428
21,856,261
21,160,424
19,222,957
24,844,D30
26,684,586
23,597,525
15,255,658
260,226,935
a 4,395,404
3,672,183
12,055,207
2,844,367
861,140
978,784
4,711,705
4,870,442
1,466,105
a 620,059
5,111,611
11,901,358
27,701,841
27,993,802
142,206,908
133,729,954
29,562,990
26,573,554
20,894,873
16,172,172
9,625,683
11,739,575
13,873,469
18,726,822
20,473,288
21,465,690
23,492,109
15,462,379
119,048,061
122,465,717
130;514,382
134,670.790
138,015,071
141,688,482
125,187,595
127,346,553
125,793,257
117,927,395
115,810,533
120,298,895
16,998,997
24,793,656
27, 944,332
27,550,341
25,735,643
27,941,200
33,300,389
32,277, 292
30,289,485
26,088,774
26,289, 098
22,868,317
126,078,596
126,371,928
133,113,324
142,338,589
146,391,486
147,991,809
136,086,610
144,164,038
151,379,525
155,865,308
156,304,709
156,793,749
200,985, 324
200,764,698
63,463,771
180, 000
1,626,531
2,074,599
2,711,864
131,105
590,000
22,831,317
41,081,957
100,000
120,000
460,000
215,000
995,000
332,000
2,283,103
2,758,300
1,477,672
2,451,402
8,192,904
2,231,799
2,074,923
1,887,065
1,756,597
782,533
564,735
229,763
159,106
175,619
77,350
192,533
443,529
220,557
1,446,326
1,635,828
833,082
1,157,995
1,393,975
741,992
2,222', 000
26,691,696
464,500
105,200
91,900
48,300
85,300
130,200
63,600
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
840,337
350,751
248,550
202,691
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
20,743,349
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
505,253
1,175,311
130,765
308,360
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
Ul
O
8,477,8
H
July
August ..-September.
October
November December .
1886—January —
February.M a r c h --".-April
,
May
Jurie
T o t a l for 12 m o n t h s .
July
August
SeptemberOctober
NovemberDecember .
1887—January . . .
February -.
March
April
May
June
T o t a l for 12 m o n t h s
/67,293
064,261
971,026
872,905
381,164
757,702
737,858
971,994
076,168
871,590
751,724
510,620
336,439,727
636,971
195,326
686, 702
538,498
576,103
622,815
395,921
773,878
358,165
076,657
834,282
070,985
371,463,278
33,683,234
23,792,525
16,013,054
21,533,673
23,584,936
15,032,713
22,753,131
22,205,315
13,981,676
21,052,775
17,356,327
21,690, 993
242,483,138
29,403, Oil
28,908,867
20,5S3,192
23,474, 961
25,657,709
18,483,715
23,384,902
25,485,121
21,627,371
20,229,703
22,409,349
14.969,888
267,932,180
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
10,395,397
10,819,627
215,350,735
219,646; 977
233,206,722
243,565,741
245,769,440
257,887,815
265,217,967
205,914,243
275,765,409
278,349,307
281,911,856
287,513,959
93,956,589
233,960
3.286,459
li;103,510
6,063,537
1,918,394
10,139,100
5,011,019
4,288,757
11,730,794
9,846,954
11,424,933
18,111,097
103,471,098
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
21,767,376
20,013,797
158,933,205
157,732,289
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
a E x c e s s of e x p e n d i t u r e s .
N O T E . — T h e r e v e n u e s a n d ° e x p e n d i t u r e s b y m o n t h s a r e m a d e u p f r o m p a r t i a l r e p o r t s , a n d , b e i n g s u b j e c t t o c h a n g e bv s u b s e q u e n t c o n c e n t r a t i o n of a c c o u n t s , d o n o t a g r e e
w i t h t h e t o t a l s by y e a r s . T h e l a t t e r a r e t h e a c t u a l r e s u l t s , a s s h o w n b y c o m p l e t e r e t u r n s .
>
Pi
Kl
O
K
H
Pi
w
d
pi
Kj
QO
O
TABLE I.—STATEMENT SHOWING THE REVENUES AND EXPENDITURES OF THE GOVERNMENT BY MONTHS, ETC.—Continued.
Expenditures, excluRevenues, siveof
postal
exclusive of principal
of
po-stal.
debt, and
premium.
Month.
1887—July
August
September
October
November
December
1888—January
February
March
April
May
June
814,872
619,116
859,806
803,172
128,568
059,804
773,207
151,931
867,873
851,790
918,202
490, 777
"
Total for 12 months
July
August
September
October
November
December
1889—lanuary
Februa'ry
March
April-May
June
.'.
Total for 12m:jn:.
July
August
September
October
November
December
1890—January
February
March
April
c.
Surplus
revenues.
$35,136,924 a$4,322,052
7,366,330
28,252, 786
17,027,786
16,832,020
19,711,467
12,091,705
28,375,989
752,579
12,980,554
16,079,250
21,866,896
8,906,311
19,898,468
11,253,463
16,621,207
12,246,666
24,418,972
5,432,818
25,076,375
7,841, 827
15,212,079
17,278,698
259,653,959
119,612,116
204,898
623,181
698,174
966,204
590,107
160,263
077,696
133,160
013,991
458,799
773,199
757,908
35,983,765
22,812,916
W , 824,580
28,091,756
35,553,665
14,964,389
25,902,351
32,933,380
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
a 2,800,220
14,240,652
10,882,770
11,794,866
19,230,795
387,050,059
281,996,616
105,U53,443
886,200
470,905
416,291
492,608
716,967
595, 504
661,158
866,218
778,181
017,041
41,700,438
34,530,859
14,190,018
26,307,260
23,169,459
23,191,021
25,772,455
24,103,794
15,540,141
29,234,006
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
Legal-tender
Available
Legal-tender
Net gold
cash balance,
notes
notes
in Treasury.
including
redeemed
in Treasury.
net gold.
in gold.
$19,633,740
21,157,539
17,610,212
15,261,067
16,318,220
15,424,425
18,015,469
22,267,087
24,170,623
28,491,614
33,928,200
37,983,204
S186,306,330
193,274,194
192,717,947
202,859,832
211,880,526
208,608,130
202,955,184
212,869,914
218,818,253
213,239,994
200,301,129
193,866,247
$291,986,110
290,746,562
289,063,662
296,071,378
295,527,449
312,105,882
321,585,692
329,595,323
341,167,639
341,408,408
327,846,974
335, 627,012
39,825, 740
41,580,393
40,628,963
36,813,320
35,202,956
30,875,860
29,446,498
29,300,511
25,051,231
23,770,137
27,790,387
29,601,085
194,592,280
206,383,035
197,713,116
191,074, 575
199,339,134
203,885, 219
194,655, 264
196,245,980
197,874,422
191,589,112
192,252,715
186,711,560
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
21,170,258
17,303, 501
14,819,022
6,673,925
7,606,224
9,593, 865
6,919, 657
7,209,411
182,218,164
180,654,670
189,196,423
187,572, 386
187,496, 672
190,833,052
177,386,285
187,988,948
185,287,715
186,235,572
274,000,688
251,773, 370
264,206,227
248,512,435
242,633,405
233,524,103
228,835,040
229,309,201
228,689,876
227, 213,755
Imports of
gold.
E x p o r t s of
gold.
$115,700
149,820
135,160
43,790
46,390
36,220
19,250
30,924
14,021
38,950
49,371
13,000
$2,177,752
5,978,776
14,089,274
12,889,682
1,952,593
1,805,248
395,471
1,014,068
2,270,840
748,164
319,279
293,170
$495,776
241 961
175,917
312,603
390,136
365,986
624,290
1,667,018
2,113,510
958,087
7,876,774
3,154.276
692,596
43,934, 317
18,376,234
69,363
22,433
57,071
30,226
51,582
31,350
16,407
19^ 240
14,800
139,369
199,312
347,046
207,843
1,275,356
1,222,189
1,960,847
906,600
649,006
817,400
680,359
806,753
753,894
658,665
3,829,852
191,130
323,425
686,472
6,376,262
7,725,351
1,197,080
1,478,208
4,392,584
3,176,014
13,445,033
18,130,874
730,143
10,284,858
69,952,285
79,936
16,475
12,124
370,028
18,698
41,809
111,295
10,893
9,513
19,464
856,332
497,927
2,409,691
796,988
1,773,767
1,304,850
1,059,837
1,476,433
1,622,432
478,353
5,281,786
420,176
289,680
2,233,463
675,742
312,920
460,969
1,170,690
1,456,824
1,052,355
Pi
o
o
o
Ul
May.
June,
Total for 12 months .
o
July
August
September.
October
November.
:December.
1891—January . . .
February..
March.. -..
April
May . . .
June
Total for 12 months .
July
August
September.
October
November.
December.
1892—January -..
February..
March
April
May
June
Total for 12 months .
July
August
September.
October
November.,
December.
3.89S—January...,
February..,
March
April
May
June
35,443,652
37,546,892
26,422,413
14,641,383
9,021,139
22,905,509
403,080,983
297,736,487
105,344,496
37,999,466
33,906,909
36,783,335
39,222.174
28,678,676
31,106,165
36,810,233
29,273,173
29,027,455
25,465,232
27,289,306
31,631,860
36,694,820
32,624,992
26,740,833
36,690,721
40,460,338
18,043,079
21,479,968
29,445,669
29,062,737
23,791,108
27,690,327
33,628,103
1,304, 646
1,281,917
10,042,502
3,631,453
a 11,781,663
13,063,086
15,330,266
a 172,496
a 36,282
1,674,124
a 401,021
a 1,996,253
392,612,447
356,372,685
37,239,762
34,158,240
28,773,981
27,165,554
28,448,562
26,802,888
27,646,516
30,383,479
30,698,945
29,836,606
26,971,224
28,228,398
30,968,618
38,100,294
19,537,484
22,267,038
30,660,811
26,156,048
30,424,728
34,176,350
26,962,726
27,784,217
30,069,632
31,732,794
27,922,412
a 3,942,049
9,236,497
4,898,616
a 2,202,249
646,840
a 2,778,212
a 3,791,871
4,736,219
2,052,389
a 3,088,408
a 3,504,396
3,036,206
354,937,784
346,023,330
36,333,977
34,314,366
31,440,254
33,479,059
28,192,423
31,797,629
31,288,540 . 31,187,962
29,640,778
28,739,895
33,460,000
33,066,964
38,351,452
35,003,052
30,866.273
29,698,142
31,633,482
34,115,810
33,238,886
28,415,368
30,210,787
30,928,868
28,775,469
30,717,102
385,819,629
383,477,955
. 9,892,799
11,804,190
190,544,854
190,232,405
228,336,445
245,612,464
12,163,412
12,806,810
6,737,790
7,834,912
6,874,864
6,389,348
10,697,802
10,685,686
4,677,045
• 5,207,344
9,177,337
11,366,996
184,092,074
185,837,581
147,981.732
156,315,624
162,439,381
148,972,935
141,728,097
149,712,824
148,118,150
141,742,241
133,207,164
117,667,723
234,069,918
215,907,111
179,120,347
175,131,439
164,386,294
163,242,409
174,983,938
168,395,989
163,915,855
161,718,803
158,886,719>
153,893,809
10,833,409
14,467,265
9,150,717
5,613,813
5,528,073
5,679, 710
5,338,384
4,716,987
4,932,842
3,412,075
4,821,028
8,696,590
121,113,024
132,471,409
132,523,222
127,674,422
129,193,224
130,740,631
119,574,905
122,122,113
125,815,040
119,909,757
114,231,883
114,342,367
155,783,717
160,274,395
144,987,969
139,671,919
139,126,919
134,574,129
131,368,461
132,162,204
132,898,884
131,518,162
126,005,887
126,692,377
a 2,019,621
11,918,607
2,038,805
12,191,147
3,605,206
12,270,343
100,578
6,094,592
6,597,293
a 900,883
11,353,443
Cl 393,036
a 3,348,400
16,556,021
a 1,168,131
18,676,614
2,482,328
19,761,069
a 4,823,518 . 21,324,574
718,071
21,388,384
20,398,866
1,941,633
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
97,011,330
95,048,641
96,485,414
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
9,914,454
2,341,674
30,164
11,987
280,902
385,830
732,386
12,943,342
288, 620
.3,731,366
•
17,274,491
45,220
19,740
12,650
11, 520
24,873
31,954
47,229
41,493
66,399
41, 055
2,288,479
3,355,458
1,195,054
1,724,565
1,425,632
2,621-, 638
1,926,401
6,033,013
1,397,918
565,304
614,170
233,318
212,648
282,906
11,860,029
2,135,853
281,627
425, 235
567,152
632,354
728,246
4,010,146
5,155,736
14,163,116
30,580,760
15,822,400
5,986,070
• 18,232,567
86,362,654
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
6,018,851
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
4,926,453
20,051,910
16,647,849
4,250,651
542,440
333,282
1,303,536
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
16,914,317
2,711,226
102,100,345
f^
J
H
N
fe
K*
o
^
H
hi
H
H
>
Ul
^
21,174,381 * 108,680,844
a 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 the totals by j^ears. The latter are the actual results, as shown by complete returns.
rn
^
00
oc
T A B £ E I.—STATEMENT SHOWING THE REVENUES AND EXPENDITURES OF THE GOVERNMENT BY MONTHS, ETC.—Continued.
Expenditures, excluR e v e n u e s , sive of postal,
e x c l u s i v e of p r i n c i p a l of
postal.
debt, a n d
premium.
Month.
;i893—July
A u g u s t . . -'.
September
October
November
December
.1894—January
February
March April
. May
June
:..
T o t a l for 12 m o n t h s
•July
August
September
October
November
December
1895—January
February
March
April
May
June
- - - - J.
::
'..
T o t a l for 12 m o n t h s .
July....
. August
September
October
N ovember
December
B396—January
February
March
April.
-•
:
-...:
905,776
890,885
582,756
553,395
979,401
312,027
082,739
269,299
842,798
692,364
066,994
486,926
Surplus
revenues.
S39,6,75,889 a $8 770,113
a 9,414, 343
33,305,228
a 895,254
25,478,010
a 5,035,397
29,588,792
a 7,322, 625
31,302,026
a 7, 746, 234
30,058,261
31, 309,670 a 7,226,931
26, 725,374 a 4,456,075
Cl 6,294, 762
31,137,560
a 9,380,472
32,072,836
a 6,712,147
29,779,141
928, 905
25,557,021
297,722,019
367,525,280
a 69,803,261
809,340
417,606
621,229
139,240
411,404
866,137
804,400
888,057
470,576
247,836
272,078
615,474
36,648,583
31,656,637
30,323,019
32,713,040
28,477,189
27,135,461
34,523,447
25,696,035
25,716,957
32,990,676
28,558,214
21,683,029
a 1,839,243
8,760,969
a 7,701,790
a 13, 573, 800
a 9,065,785
a 5,269,324
a 6,719,047
a 2,807,978
a 246,381
a 8,742, 840
« 3,286,136
3,932,445
313,390,075
356,195,298
a 42,805, 223
069,698
952,697
649,678
901,748
986,503
288,938
237,670
059,228
041,149
282,893
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
Cl 9,478,366
a 3,635,488
a, 229,196
a 61601, 677
«1,212,780
474,621
o3,291,671
rt 690,728
"1,233,845
Cl 4,704, 489
Legal-tender
Available
Legal-tender
Net gold
cash balance,
notes
notes
in Treasury.
i
n
c
l
u
d
i
n
g
redeemed
in Treasury.
in gold.
n e t gold.
$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, 053
$99,202,933
96,209,123
93,582,172
84,384,863
82,959,049
80,891,600
65,650,175
106,527,068
106,149,136
100,202,209
78,693.267
64,873,025
$117,887,566
107,283,910
106,875,632
102,294;291
95,199,616
90,375,555
84,082,098
138.662,364
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
356,350
19,193,354
3,401,192
7,006,127
20,941,082
22,109,893
,842,150
42,950,390
52,439,842
53,756, 428
40,586,483
39,039,691
63,284,108
85,627, 989
84,223,215
81,792,746
69,736,082
61,587, 457
56,276, 252
54,975,607
55,216,900
58,875,317
61,361,827
105,424, 569
86,244,445
44,705,967
87,085,511
90,643,307
91,247,145
99,151,409
107,512, 363
119,065,351
127,148,096
119,919, 718
107,340,146
144,507,006
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
11.2,284,848
108,549,890
107,23^,487
100,329,837
92,911,974
92;943,180
79,333,906
63,262,268
49,845,508
123,962.980
128,646,461
125,393,900
187,149, 532
184,039,157
185,405,365
179.947,999
177,406,380
178,027,200
171,591,780
202,707, 207
271,041,748
270,090, 062
I m p o r t s of
gold.
E x p o r t s of
gold.
$5,950,613
41,572,031
6,678, 945
1,583,937
4,471,575
746,245
705, 647
2,140,982
1,091,392
2,321,661
4,282, 743
903,348
$174,212
949,502
1,436,802
511,018
331,743
2,654,545
1,279,437
3,209,317
4,020,633
11,723,771
27,400,801
23,280,220
72,449,119
76.978,061
13,923,375
4,741,413
936,513
3,047,890
7,799,747
31,907,221
45,117,738
5,500,952
1,089,085
1.017, 571
1,106, 492
1,046,190
1,487,872
3,280,431
708,924
1,676,499
1,981,772
433,322
1,299,665
5,706,695
7,361,916
5,097, 369
5,051,016
2,299,279
117,354,198
36,384,760
00,468,481
743,134
1,663,586
923,391
2, Oil,059
818,617
1,420,665
10,546,952
11,659,097
756,616
1,275,168
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
3,826, 795
10,504,007
17,377,434
2,106, 883
10,034,590
20,212, 095
16,448,'508
2], 736,870
0,850,540
7,130,018
14,239,878
5,120, 939
241,029
1,082,814
430,999
9,803,855
26.205,200
1,505 194
3,135,219
2,919,965
• 1,587,781
135,548
.pi
O
O
O
Ul
May
f
24,643, 718
27,794,219
June
326,976,200
Total for 12 months
July..
August
September
October
November
December
1897^January
February
March
April
May
June
Total for 12 months
July
August
September
October
November
December
1898—January
February
March
April
May
June
i
Total for 12 months
July
August
September
October.
November
December
1899—January
February
March
o April
May .:
June
Total for 12 months
:..
29,029,209
25,562,097
24,584,245
26,282,830
25,210,696
25,867,114
24,316,994
24,400,997
36,217,662
37,812,135
29,797,391
36,584,708
28,426,593
25,444,789
a 3,782,875
2,349,430
352,179,446
a 25,203,246
42,088,468
35,701,677
26,579,535
33,978,277
33,260, 720
23,812,665
30,269,389
28,796,057
27,212,998
32,072,097
29,109,259
22,934, 695
347,721,705
365,774,160
•39,027,364
19,023,615
21,933,098
24,391,416
43,363,605
59,646,698
37,333,628
28,572,358
32,958,751
33,012,943
30,074,818
33,509,313
50,100, 909
33,588,047
25,368,816
33,701,612
37,810,839
27,634,092
36,696,711
26,599,256
31,882,444
44,314,062
47,849,909
47,852,282
405,321,335
. 43,847,109
41,782,708
39,778,070
39,630,051
38,900,915
41,404,794
41,774,930
37,979,333
57,030,240
41,611,687
44,786,014
47,126,915
615,960,620
443,368,583
120,993,035
123,855,577
108,345,234
101,699,605
267,193,210
•267,432,097
102,125,226
111,800,038
98,868,949
96,535,206
75,034,912
70,628,317
48,509,678
41,425,059
50,593,846
53,480,533
61,188,187
67,929,521
110,718,746
100,957,561
124,034,672
117,126,524
131,510,353
137,316,644
144,800,493
148,661,209
151,786,464
153,340,890
144,319,563
140,790,738
256,158,473
243,346,401
241,154,457
233,572,762
225,357,098
228,320,380
215,362,421
212,837,256
222,045,606
228,090,517
230,113,813
240,137,627
64,306,457
a 11,073,545
a 14,564,432 . 58,500,670
63,578,689
a 3,435,718
46,952, 343
a 9,310, 097
38,974,898
5,552,766
32,012, 606 • 43,789,433
28,617,220
636,917
40,291,680
1, 973,102
45,381,277
1,076,307
34,820,008
all, 301,119
31,692,454
al7,775,091
36,605,387
a 14,342,969
140,817,699
144,216,377
147,663,105
153,573,147
157,363,851
160,911,547
164,236,793
167,623,182
174.684.136
181.238.137
171,818,055
167,004,410
233,016,457
218,561,207
215,192,787
207,756,100
220,663,560
236,474,709
223,871,786
225,564,204
226,166,944
215,810,622
195,754,815
205,657,571
a 13,059,259
a 10,139,580
a 1,995,290
a 7,695,447
a 8,050,024
2,044,449
a 5,952,395
a 4,395,060
9,004,664
5,740,038
688,132
13,650,013
a 18,052,455
a 38,047,248
74,263,475 a 30,416,366
56,260,718 a 14,478,010
54,223,921 •a 14,445,851
53,982,277 a 14,352,226
49,090,981 a 10,190,066
41,864,808
a 460,014
51,122,771
a 9,347,841
43,918,929
a 5,939,596
42,978,671
14,051,669
65,949,106 a 24,337,519
40,513,005
4,273,009
31,382,762
15,744,153
605,072,180
a 89,111, 560
22,039,547
8,261,347
711,774
995,000
158,655,956
33,525,005
112,409,947
17,285,078
12,369,725
4,661,446
12,073,835
4,062,410
1,131.846
946,068
924,124
. 1,249,329
7,502,008
8,882,600
7,113,445
1,667,986
4,289,538
34,347,009
28,193,769
7,487,300
2,801,044
943,306
830,180
1,439,439
971,506
951,515
1,092,188
11,931,436
1,972,544
93,555
368,007
468,010
431,826
442, 365
353,147
675,206
6,631,216
9,468,471
7,625,808
78,201,914
85,014,780
40,361,580
5,275,143
3,116,276
2,742,173
2,096,301
2,110,416
2,019,399
1,209,916
1,635,813
1,583,770
. 1,155,907
548,997
903,852
24,397,963
51,099,556
58,345,061
39,230,848
21,687,896
16,166.768
15,380; 807
16,856,385
16,577,439
14,705,478
14,317,850
15,169, 090
16,191,155
189,444,714
217,904,485
243,297,543
239,885,162
241,663,444
246,529,176
228,652,341
231,124,638
245,413,707
246,140,226
228,415,238
240,737,212
254,844,216
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
281,380,469
4,091,067
613,762
443,871
347,578
653,253
2,674,754
4,237, 722
3,001,905
2,343, 753
1,781,270
2,725,378
2,737,952
25,652,265
938,951
4,720,569
4,723,181
11,775,483
3,054,089
2,582,405
6,493,414
6,162,681
30,708,320
32,579,858
13,322,111
3, 330,612
120,391,674
19,110, 935
6,928,536
5,462,869
1,983,688
142,922
313,311
699,613
677,996
2,668,663
1,030,412
728,707
1,323, 724
109,157
375,629
15,406,391
2,641,668
15,296,811
16^808,341
16,738,353
5,324,601
8,757,182
6,392,344
5,148, 906
3,187,576
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
i, 162,484
2,049,266
20,908,327
88,964,603
37,522,086
a 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 the totals by years. The latter are the actual'results, as shown by complete returns.
Ul
o
pi
>
Pi
K|
o
•S
H
Pi
Ul
d
pi
Kj
CO
oo
T A B L E I . — S T A T E M E N T SHOWING T H E REVENUES AND E X P E N D I T U R E S O F T H E GOVERNMENT BY MONTHS,
Expenditures, excluRevenues, sive of postal
exclusive of principal of
postal.
debt, and
premium.
Month.
.1899—July
;..
August
September
October.-,-.
November
December
1900—January February.-March
April
May
,
054,258
978,173
334,145
533,589
945, 572
759,104
012,165
631,265
726,837
039,327
166,053
435,832
Surplus
revenues.
$56,561,090 a$8,506,832
4,465,861
45,522,312
7,754.773
37,579,372
3,359.562
44,174,027
6,175,724
40,769,848
39,145,560 • 7,613,544
39,189, 097
8,823,068
37,738,472
7,892,793
32,188, 271
16,538,566
40,903, 928
4,135,399
40,351,525
4,814,528
33,540, 673
17,896,159
Legal-tender
Available
Legal-tender
Net gold
cash balance,
notes
notes
in Treasury,
including
redeemed
in Treasury.
net gold!^
in gold.
$16,317, 766 $245,254,534 $274,844,167
248, 757,971 279,352,872
18,246,243
287,695,613
254,328,820
17,066,521
289,391,540
252,223,797
16,615,736
286,216,440
239,744,905
16,848,640
283,595,453
236,909,230
17,817,580
292,490, 973
218,613,617
16,455,244
298,362.824
232,225,336
14,322,423
306.792, 996
248,358,064
10,268,313
296,117,548
229,461,962
13,426,509
295,783,530
218,867,545
19,946,308
305.705, 655
220,557,185
27,141,405
Imports of
gold.
Total for 12 months.
July
.-August
September
October
'.
November - - December
1901-January - - - - . . .
F e b r u a r y . . -'.
March
April
May
June
Total for 12 months
July
::
August
September- -".
October
November
December . . .
1902—January
February..'.
March
April
-
79, 527,060
487, 713,792
955,161
688,756
304,326
626,067
344,515
846,508
520,287
844,123
891,125
767,851
629,440
333, 908
53,979, 653
50, 500,199
39,169, 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
a 4,024,492
a 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
$2,606,457
2,099,062
618,995
379,752
264,310
11,857,511
5,691.290
1,403,658
1,081,280
1,961,580
12,209,596
8,093,268
44,573,184
48,206,759
11,263,332
4,238, 358
7,861, 553
10,731,375
12,641,988
3,386,611
4,265.626
1,859;274
2,520,455
2,249,038
1,772,834
3,260, 743
3,272,739
18,084,938
800,572
441,962
677,207
410,533
8,221.159
416,812
490, 269
4,916,965
10,101,177
5,344,844
509,967, 353
77,717,985
587,685, 338
52,307,591
39,351,498
32,310, 736
40,645,936
40.198,917
37,318,998
38,548,278
39,099,291
38,102,437
40,799,263
66,-051,187
53,185,177
35,598,337
26,781,125
26,661,394
20,468,514
11,680,495
11,408,327
10,700,362
12,817,781
11,358,967
9,944.303
9,155; 801
12,304,350
14,455,758
223,567,376
218,253,969
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
299.859.365
285,419,696
288,204,878
287,005.032
289,176,791
290,107.336
293.012,973
298,915,149
308,443,522
306,494,208
312,338,469
326,833,125
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
327,368,877
329,971,356
319,919,880
325,655,697
317,010,665
321,603,279
324,796, 646
325.361,866
327,856,289
334,739,983
Exports of
gold.
S2,895,469
$2,208,091
5,391,411
2,076,548
2,593,894
1,105,220
8,542,254
888,828
2,904,043
1,225,020
5,'620,246
1,837,112
1,992,692
3,191,433
1,911,116
1,590, 041
1,921,036
1,132,563
3,388,813
5,072,805
3.683,634
8,482, 051
6, 783, 6 25 3,728,576
June
567,240,852
GO
ETC.—Continued.
2,639,656
1,442,265
1,001,519
1,530,704
3, 956, 240
2,379, 510
7,100,411
1,500.111
515,652
885,525
819,985
452,533
. 24,223,111
Pi
hj
O
pi
O
t=3-
o
Ul
May .
June.
Total for 12 monthsJuly
August
SeptemberOctober . . .
NovemberDecember 1903—January - . .
February -.
March
April
May
June
Total for 12 months .
July
August
September.
October
November.
December 1904—.lanuary . , February -.
March
April
May
June
Total for 12 months .
July
August
September.
October
November December 1905—January..February - .
March
April
May
June
Total for 12 months
49,509,449
49.077,469
38,746,798
33,837,859
562.478,233
471,190,878
305,691
605,813
580,381
391,262
599,001
151,300
996,338
028,18a
435,435
326,101
113,970
354,054
560,396,674
611,576
852,678
969,819
963,213
692,595
747,592
588,370
895,407
761,499
529,422
688^ 060
215,414
56.813,568
43.113, 611
37.554.798
46,904,965
43,040,258
36, 533, 744
42,632, 244
37,750,750
44,987,587
41,763,814
40,586,997
34, 589.-738
500,099,007
10,762, 652
15,839,609
540,631,749
582,402, 321
rt 41,770,572
786,387
903.392
344;683
990,008
576,877
047,905
410,285
608,073
267,756
778,182
758,933
950.777
64,194,115
51,246,604
40,450,358
52,943,122
49;697, 548
41,497,698
49,628,299
41,461,234
45,296,127
.48,989,601
46,719,056
35,288,849
a 17. 407, 728
rt6,343,212
5,894,325
rt 3,952,514
a 4,120,671
3,550,207
rt 6,218,014
3,146,839
972,639
a 9,211.419
rt 2,960; 123
12,661,928
544.274, 085
567,278,^913
rt 23,004,228
1,968,407
391,525-
18,757,180
62,021,254
48,568,960'
1,594,421
5,143,597
4,981,130
11,118.446
5, 981; 743
2,186,636
2,010, 851
1,817,456
4,567,728
1,349, 621
1,462,845
2,767.553
7,884,339'
2,305,714
530, 029
1,460,829720,331
2,853,112
85, 951
1,506, 370
1,042, 598
1,705,466
14,488,268
12,507,588
44,982,027
47,090,595
4,631.207
7,848,553
5,184,858
5,026,036
11,370,690
17,230,298
8,225,508
5,034,372
8,855,162
10,289,869
10,472, 582
4,886,233
9,117,758
84,776
998,076
362,177
993,150
1,464,656
591, 567
732, 614
3,063,458
19,470^157
43,069,053
1,522,644
11,555,194
99,056,368
81,459-, 986
1,352,975
699.055
547,135
578,870
734,290
832,668
2,198,355
945,015
1,060,920
796,221
1,041,695
1,071,055
8,925,418
7,764,491
4,241,035
8,045,275
4,727,105
3,336,184
1,895,691
2,192,919
5,133,592
2,581,057
2,657,143
2,149,061
1,083,249
10,762,818
2,744.448
3,855; 649
20,813,443,
13,502,827
16,828,168
14,794,312
2,392,784
1,303,874
481,570
4,030,882
11,858,254
63,648,961
345,350,229
362,187,361
9,379,762
5,017,492
3,845,140
3,089, 050
3,028,900
3,042,732
0,561,025
4,395,124
2,487,162
4,732,027
6,717.736
12.598.801
248,005, 005
264,657,694
286,124, 771
263,542, 933
264,967,774
270,777,264
247,783,746
259,651,782
276,815,803
262, 539, 660
256,208,626
254,162,230
353,974,599
359,491,501
371,253,394
356,421,878
354,575. 588 6|
364,409;380
368,345, 963
374,543,470
372,921,989
373,326.187
375,168,898
388, 686.114
514,925
386,665
329,870
438,140
388,012
581,940
1,152, 500
372,425
528,110
1,199,055
1,336, 376
1,039,228
11.573.873
11,423,194
10,465, 039
5,813,498
2,434, 085
3,485,725
9,076,523
9,433,542
5,330,470
7,037,750
9,475.212
12,997,534
248,499,879
253,201,871
260,714. 057
258,892, 307
267,Oil, 715
265,571, 972
229.362,090
236,241,028
248,529,691
231,877,090
217,592,391
216,183,723
378, 291,444
383,450,710
389,417,184
378,637,402
369,237,430
379.374,895
378,745,084
373,068,505
374,699, 996
370,919,188
313,287, 516
322,051, 568
1,033,060
707,110
443,595
727,685
697,545
1,149.135
1,396;920
1,O8O;598
1,054,800
1,070,818
1,235,428
958,500
15,104,016
13,926,610
9,862,159
4,609,708
4,101,449
4.472,335
12; 325,203
14,108,050
14,079, 367
15,051,220
14,430,032
14,401,301
197,445, 631
199,512,294
223,098, 966
231,000.229
233,812,615
229,664:318
201,244,581
202,857.181
221,231; 681
212,331, 729
218,172,921
221,381,650
•304,081,579
297,975,365
301,414,163
296,352, 797
293,344, 658
296,592, 689
290,625,796
290,681,839
291,821.624
284,318,681
281,141,378
295,477,492
54,297,
50,388,189
a 7,776,613
43,024,545
6,828,133
38,430,964
6, 533,855
51,910,479
a 4,947,260
47,427,788
a 2, 735,193
32,255,805
10,491,787
48, 372,554 0 0,784,184
42,654, 772
3. 240, 635
41,704,398
3,057,101
47,010,265
rt 5,480,843
96,418,473 rt 54. 730,413
36,997,015
11,218,399
1,497,053
4,086,457
246,554, 393
253,801,291
91,287,376
a 7,507,877
5,492,202
11,025,583
4,486,297
558,743
10,617,556
3,364, 094
5,277, 430
447,848
1,562,287
3,626,973
13,764,316
460,553
700,255
8,700,602
12,586,518
;, 267,245
>
Pi
Kj
o
Ul
d
pi
92, 594,024
rt 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 the totals by years. The latter are the actual results, as shown by complete returns.
Ui
O
-'?i
CO
86
REPORT Oisr THE
TABLE J . ^ S T A T E M E N T
\
ce
><
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
18430
1844
1845
1846
1847
1848
1849
1850
1851
1862
1853
1854
1865
1856
1857
1858
1859
1860
1861
1862
1863
1864
1865
Balance in
the Treasury at
commencement of year.
FJNANTCEI^.
OF RECEIPTS OF THE U N I T E D
0
Customs.
Internal revenue.
STATES FROM MARCH 4,
J U N E 30)
Direct tax.
Public lands.
1789,
FROM
Miscellaneous.
$4, 399,473.09
$10,478.10
3,443,070.85
$208,'942 "si
9,918.65
783,444.51
4,255, 306.56
21,410.88
337,705.70
$973,
905.75
753,661.69
4,801,065.28
53,277.97
274,089.62
1,151,924.17
5,888,461.26
28,317.97
337,755.36
516,442.61
6.567,987.94
475,289.60
$4,'836.'i3
1,169,415.98
7,549, 649.65
575,491.45
399,139.29
888, 995.42
83,540.60
1,021,899.04
044,357.95
58,192.81
7,106,061.93
11,963.11
617,451.43
779,136.44
6,610,449. 31
86,187.56
2,161,867.77
809,396.55 '""$734," 223.'97
9,080, 932.73
152,712.10
443.'75
167,726.06
2,623,311.99
10,750,778.93
1,048,033.43
345, 649.16
534,343.38
3,295,391.00
12,438,235.74
621,898.89
188,628.02
1,600,505.86
206,565.44
5,020,697.64
10,479,417.61
215,179.69
166,676.69
131,945.44
71,879.20
4,825,811.60
11,098,565.33
50,941.29
50,198.44
487,526.79
139,075.53
4,037,005.20
12,936,487.04
21,747.15
21,882. 91
540,193.80
40,382.30
14,667,698.17
3,999,388.99
20,101.45
765,246.73
51,121.86
66,763.86
4,538,123.80
15,845,521. 61
13,051.40
34,732. 56
466,163.27
38,550.42
9,643,850.07
21,822.41
16.363. 650.58
8,190.23
19,159.21
647,939.06
9,941,809.96
442,252. 33
62,162.57
7,257,506.62
4,034.29
7, 517.31
3,848,058.78
8,583,309.31
7,430.63
84,486.84
12,448.68
696,548.82
2, 672,276.'67
13,313,222.73
2,295.95
7,660. 00 1,040,237.53
59,211.22
3,602,305.80
• 8,958,777.63
4,903.06
859.22
. 710,427.78
126,165.17
3.862.217.41
13.224,623. 25
4,755.04
835,655.14
271,751.00
3,805.52
6,196.542. 00 . 5,998,772.v08
1,662,984. 82 2,219,497. 30 • 1,135,97L09
164,399.81
1,727,848.63
7,282.942.22
4,678,059.07 2,102,073.41
1,287,959.28
285,282.84
13,106,592.88
36,300,874.88
5,124,708.31 4,253,035.09
1,717,986.03
273,782.35
22,033,519.19
20,283.348.49
2, 678,100.77 1,834,187.04
1,991,226.06
109,761.08
14,989,465.48
17,170,385.00
955,270.20
2,606,564.77
67,617. 71
26^,333.36
1,478.526.74
20, 283,008.76
229,593.03
3,274,422.78
83,650.78
67,098.42
2,079,992.38
15.005.612.15
106,260.53
31,586.82
1,635,871.61
61,338.44
1,198,461.21
13,004,447.15
69,027. 63
1,212,966.46
29,349.05
152,589.43
1,681,592.24
17,589,761.94
67,665.71
452,957.19
20,961.56
1,803,581.64
4,237.427.55
19,088,433.44
34,242.17
141,129.84
10,337.71
916,523.1.0
9.403,922.81
17,878.325.71
34,663.37
984,418.15
127,603.60
6,201.96
1,946,597.13
20,098; 713.45
25,771.35
1,216,090.56
2,330.85
130,451.81
5,201,650.43
23,341,33L77
21,589. 93
94,588.66
6,638. 76 1,393,785.09
6,358,686.18
19,712,283.29
19,885.68
2,-626. 90 1,495,845.26
1,315,722.83
. 6,668,286.10
23.205.523.64
17,451.54
1,018,308.75
65,126.49
2,218.81
5,972,435.81
22,681,905.91
14.502.74
1,517,175.13
11,335.05
112,648.65
5,756,704.79
21,922,391.39
12,160.62
2,329,366.14
73,227.77
16,980.59
6,014,539.75
24,224,441.77
^6,933.61
10,506.01
3,210,815.48
584,124.05
4,502,914.45
28,465,237. 24
11,630.65
2,623,381.03
270,410.61
6,791.13
. 2,Oil,777.55
29,032,508.91
2,759.00
394.12
3,967,682.55
470,096.67
11,702,905.31
10,214,957.15
4,196.09
19.80
4,857, 600.69
480,812.32
8,892,858.42
19,391,310.59
759,972.13
10,459.48
4,263.33 14,757,600. 75
26, 749,803.96
23,409,940.53
370.00
728.79 24,-877,179.86
2,245,902.23
40,708,430.00
11,109,290. 3y
5,493.84
1,687.70
6,776,236.52
7,001,444.59
37,327,252.69
16,158,800.36
2,467.27
3,730,945.66
6,410,348.45
36,891,196.94
23,137, 924.81
2,563. 32
555.'22
7,361,576.40
979,939.86
1,682.25
33,157,503.68
13,499,502.17
3,411,818.63
2,567,112.28
29,963,163.46
14,487.216.74
3,261.36
1,365,627.42
1,004,064.76
1,335,797.52
28,685, 111. 08 18.187, 908.76
496.00
451,996.97
30,621,979.44
7,046,843.91
103.25
898,158.18
285,895.92
39,186, 284. 74 26.183,570.94
1,777.34
2,059, 939.80 1,075,419.70
36,742,829.62
27,528,112.70
3,517.12
° 2,077,022.30
361,453.68
36,194,274.81
26,712, 667.87
2,897.26
2,694,452.48
289,960.13
38,261,959.65
23,747,864.66
2,498,355.20
220,808.30
376.00
33,079,276.43
31,757,070.96
375.00
3,328,642.56
612,610.69
29,416,612.45
28,346,738.82
1,688,959.65
686,379.13
32,827,082. 69
39,668,086.42
1,859,894.25
2,064,308.21
49,017,567. 92
35,871, 753.31
2,362,305.30
1,186,166.11
40,158, 353.25
47,339,326.62
464,249.40
2,043,239.58
58,931,865.52
43,338,860.02
1,667,084.99
988,081 17
50,261,901.09
64,224,190.27
1,105,352.74
8,470,798.39
48,691,073.41 . 53,025,794.21
827,731.40
'-11,497,049.07
64,022,863.50
47,777,672.13
8,917,644.93
1,116,190.81
49,108,229.80
63,875,905.05
3,829,486.64
1,259,920.88
46,802,855.00
41, 789,620. 96
3,613,715.87
i, 352,029.13
35,113,334.22
49,565,824. 38
1,454,696.24
1,756,687.30
33,193,248.60
63,187,511.87
1,778,567.71 • 1,088,630.26
32,979,530.78
39,582,125. 64
870,658.54
1,023,615.31
30,963,857.83
49,066,397.62
""i,'795,"33i.'73
152,203.77
915,327.97
46, 965,304.87
69,059,642.40 ""'"37,"646,'787."95 1,485,103.61
167,617.17
3,741,794.38
36,523,046.13
102,316,152.99
109,741,134.10
476,648.96
588,333.29 30,291,701.86
134,433,738.44
84,928,260.60
996,553.31 25,441,656.00
209,464,216.26 1,200,673.03
a For the half year from
87
SECRETARY OIT 'r.HE TREASURY.
TO J U N E 30,
T H A T TIME.
1905,
BY CALENDAR
YEARS TO 1843
AND BY FISCAL YEARS
(ENDED
Receipts
Dividends. Net ordinary Interest.
receipts.
Unavailable.
Premiums.
notes.
1791
S8,028.00
1792
1793
38,500.00
1794
303,472.00
1795
160,000.00
1796
160,000.00
1797
80,900.00
1798
79,920.00
1799
71,040.00
1800
71,040.00
1801
88,800.00
1802
39,900.00
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
1823
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
1834
506,4.80. 82
1835
292,074.6"
1836
1837
1838
1839
1840
1841
1842
1843a
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864
1865
771,342.
$301,391.34
951.
772,458.
5,102.498.45
960.
450,195.
1.797,272.01
923.
439,855.
4,007,950.78
904.
515,768.
$4,800.00
3.390.424.00
534.
740,329.
42,800.00
320.000.00
529.
758,780.
70.000.00
780.
179,170.
78,675.00
200.000.00
495.
546,813.
5.000,000.00
813.
413,978.
1,565, 229.24
749.
945,455.
330.
io, 125.00
995,793.
793.
064,097.
097.
826,307.
307.
560,693.
693.
931.
559.931.
019.
398,019.
661.
060.661,
473.
773,473.
214.
134,214.
2,750,000.00
634,
422,634,
132,
639,032.
12,837. 900.00
409.
524,844.
26.184. 135.00
300.00
625,
559,536,
23.377, 826.00
85.79
916.
961,237,
$32,107.64
11,641.74
35,220, 671.40
985,
171,421,
686.09
9,425, 084.91
68,665.16
049. 267,819.14
833,692.
466, 723.45
171.
593,936.
412.62
8,.353.00
374.
605; 666.
2, 291.00
669.
881,493.
40,000.00
3,000, 824.13
379.
673.703.
5,000, 324. 00
427.
232,427.
600.
540,006.
212.
381,212
5,000,000.00
858.
5,000,000. 00
840,858.
434.
260,434.
363.
960,303
629.
763,029,
0-27,
827,627.
110,
844,116.
820,
520,820,
450,
807,450.
426.
948,420.
935,
791,935,
087,
430,087,
796.
826,796,
153.
2,992, 989.15
947,142.
561.
12,716, 820.86
019,382.
749.
340,025.
3,867, 276.21
115.
069.662.
5,689, 547.51
160.
519,477.
13,659, 317.38
197.
784.932.
14,808, 735. 64
001.
782,410.
12,479, 708'. 36
71,700.
707.
198,555.
1,877, 181.35
666.60
105.
970,106.
967.
699,967.
403.
368,168.
28,365.91
28,872, 399.45
699.
992,479.
37,080.00
21,256, 700.00
,077.
796,892.
487,065.48
28,588, 750.00
.888.
649,388.
10,550.00
4,045, 950.00
,039.
762.704.
203, 400.00
4,264.92
815.
893,115.
46, 300.00
, 031.
603;404.
22. 50
16, 350. 00
,341.
2, 001.67
802.343.
,574.
351.374.
800.00
,699.
056.899.
200.00
,312.
969,212.
900.00
3,
, 365.
23,717, 300.00
372.005.
,107.
773, 905.
709,357.72
28,287, 500.00
,599. 83
841,407.
10,008.00
20,776, 800.00
,299. 49
41,861, 709.74
, 371,640.
33,630.90
, 261.09
680,121.
08,400.00 529,692, 400.50
, 945.51
602, 345. 44| 770, 682, 301.57
379,652.
,971. 20
21,174,101.01:1,128,873, 945.36 1,393,,461,017.
11,683,446.8911,472,224 740.85 1,805,,939,345.
lOl
J a n u a r y 1 t o J u n e 30,1843.
$1,889.50
63,288. 35
1,458,782.93
37,469.25
11,188.00
28,251.90
"30," 666.'66
103,301.37
15,408.34
11,110.81
6,000.01
9,210.40
6,095.11
BEPORT
TABLE
Balance in
the Treasury at
commencem e n t of y e a r .
Customs.
1866
1867
$33,933,667.89
160,817,099.73
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
1903
1904
1905
198,076, 437.09|
168,936, 082.87
183,781, 986. 76|
177,604, 116.51
138,019, 122.15|
134, 666,001.85|
159,293, 673.41
178,833, 339.54
172,804, 061.321
149.909, 377.21
214,887, 645.88
286,591 453.88
386,832, 688.65
231,940, 064.44
280,607. 668.37
275,450, 903.63
374,189, 081.98
424,941, 403.07
521,794, 026.26
526,848, 755.46
612,851, 434.36
659,449, 099.94
673,399, 118.18
691,527, 403:76
726,222, 332.60
778,604, 339.28
738,467, 555.07
763,566. 640.75
773,610, 008.76
846,093, 349.62
864,790, 237.71
776,751, 368.11
867,980, 559.46
1,059,336,349.58
1,128,762, 603.23
1,221,259,599.66
1,310,006,031.20
1,328,972,020.63
$179,046.651.58|
176,417,810.
164,464, 599.56
180,048,"426.63
194,538, 374.44
206,270, 408.05
216, 370,286.77
188,089, 522.70i
163,103, 833.69
157.167, 722.35
148,071, 984.61
130,956, 493.071
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, 173.63
223,832, 741.69
229,668, 584.67
219,522, 205.23
177,452, 964.15
203,355, 016.73
131,818, 630. 62
152.168, 617.45
160,021, 761.67
176,654, 126.65
149,575, 062.35
206,128, 481.75
233,164, 871.16
238,585, 455.99
254,444, 708.191
284,479, 681.81
261,274, 564.811
261,798, 856.91
9,641,898,970.63
ON
TT-IE
FINANCED.
J.—STATEMENT
Internal revenue.
OF
THE
RECEIPTS
Direct tax.
$309,226,813.42 $1,974,764.12
266,027,537.43 4,200,233.70
191, 087,689.
158, 356,460.
184, 899,756.
143, 098,153.
130, 642,177.
113, 729,314,
102, 409,784.
110, 007,493,
116, 700,732.
118, 630,407.
110, 581,624.
113, 561,610.
124, 009,373.
135, 264,385.
146, 497, 595.
144, 720,368.
121, 586,072.
112, 498,726.
•116, 805,936.
118, 823,391.
124, 296.871,
130, 881,513.
142, 606,705.
145, 686,249.
163, 971,072.
161, 027,623.
147 111,232.
143, 421,672.
146, 762,864.
146, 688,674.
170, 900,641,
273, 437,161,
295, 327,926.
307, 180,663,
271, 880,122.
230, 810,124.
232, 904,119.
234, 096,740.
1,788,145.85
765,685.61
229,102.88
580;355.37f
315,254.51
93,798.80
30.85
.1,616.89
160,141.69
108,156.60
70,720.75
108,239.94
32,892.05
1,565.82
OF
THE
UNITEI
P u b l i c lands. Miscellaneous.
$665,03L03 $29,036,314.23
1,163,575.76 15,037,522.15
1,348, 716.41
4,020, 344.34
3,350, 481.76
2,388, 646.68
2,575, 714.19
8,882, 312.38
1,852, 428.93|
1,413, 640.17
1,129, 466.95|
. 976, 253.68
1,079, 743.37
924, 781.00
1,016, 506.60|
2,201, 863. r
4,753, 140.37
7,955, 864.421
9,810, 705.01
5,705. 986. 44|
5,630; 999.34
9,254, 286.42
11,202, 017.23
8,038, 651.791
6,358, 272.51
4,029, 535.41
3,261, 875. 581
3,182, 089.78
1,673, 637.30
1,103, 347.16
1,005, 623.43
864, 681.41
1,243, 129.42
1,678, 246.81
2,836, 882.98
2,965, 119.65
4,144, 122.78
8,926, 311.22
7,453, 479.72
4,859, 249.80
17,745,403.59
13,997,338.65
12.942.118.30
22,093,541.21
15,106,051.23
17,161,270.05
32,575,043.32
15.431.915.31
24,070,602.31
30,437,487.42
15.614.728.09
20,585.697.49|
21,978,525. 01
25.154.850.98
31,703,642.52
30,796,695.021
21,984,881.89
24,014,055.06
20,989,527.86
26,006,814.84
24.674.446.10
24,297,151.44
24,447,419.74
23,374,457.23
20,251,871.94
18,254,898.34
17,118,618.52
16,706,438 48|
19,186,060.54
23,614,422.81
83,602,501.94
34,716,730.11
36.911.170.99
38,964.098.12
32,009,280.14
36,180,657.20
38,999,585.42
43,520,837.29
7,027,280,338.07 28431,990.32 325,703,238.66 1,149,898,474.54
a A m o u n t h e r e t o f o r e c r e d i t e d t o t h e T r e a s u r e r as
SECRETARY OP THE TREASURY.
89
STATES PROM MARCH 4, 1789, TO J U N E 30, 1905, ETC.—Continued.
Dividends,
1866
1867
Net ordinary
receipts.
$519,949,564.38
462,846, 679.92
Interest.
Premiums.
Receipts
from loans a n d Gross r e c e i p t s .
Treasury
notes.'
Unavailable.
$38,083,055.68 $712,851,553.05 $1,270,884,173.11 $172,094.29
27,787,330.35 640,426,910.29 1,131,060,920.56 721,827.93
2,675,918.19
1868
1869
1870
1871
1872
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
1903
11904
1905
376, 434,
357, 188,
396, 959,
374, 431,
364, 694;
322, 177
299, 941,
284, 020,
290. 066,
281, 000,
257, 446,
272, 322,
333, 526,
360, 782,
403, 625,
398, 287
348, 519;
323, 690,
336, 439,
371, 403,
379, 266,
387, 050,
403, 080,
392, 612,
354, 937,
385, 819,
297, 722,
313, 390,
326, 976,
347, 721,
405, 321,
615, 960,
667, 240,
587, 685,
662, 478,
560, 396,
540, 631,
544; 274,
29,203, 629. 50
13, 755, 491.12
15,295, 643.76
8,892, 839. 95
9,412, 637.65
11,560. 530.
5,037, 665.22
3,979, 279.69
4,029, 280.58
405, 776,
317, 102.30
1,505, 047.63
110.00
8,633,29^71
11,339,344.62
11,166,246.41
1,484,048.00
'455,336.00
625, 111,433.20 1,030, 749,516.
238, 678, 081.06 609, 621,828.
285, 474, 496.00 696, 729.973.
268, 768, 523.47 652, 092,468.
305, 047, 054.00 679, 153,921.
214, 931. 017.00 548, 669,221.
439, 272: 535.46 744, 251, 291.
.387,971 556.00 675, 971,607.
397, 455. 808.00 691, 651,673.
348, 871! 749.00 630, 278,167.
404, 581, 201.00 662, 345,079.
792, 807, 643.00 1,066, 634,827.
211, 814, 103.00 545, 340.713.
113, 750, 534.00 474, 532,826.
120, 945, 724.00 524, 470.974.
555, 942, 564.00 . 954, 230,145.
206, 877, 886.00 556, 397,755.
245, 196, 303.00 568, 887,009.
116, 314, 850.00 452, 754.577.
154, 440, 900.00 625, 844,177.
285, 016, 650.00 664, 282,724.
245, 111, 350.00 632, 161,408.
245, 293, 650.00 648, 374,632.
373, 208, 857.75 765, 821,305.
381, 463, 512.00 736, 401,296.
347, 051, 586.00 732, 871,214.
417, 651, 223.60 724, 006, 538.
395, 787, 205.50 720, 516,625.
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 1,038, 451,340.
610, 558, 056.00 1,077, 798,907.
218, 978, 610.00 806, 663,947.
89, 259, 910.00 651, 738,143.
147,441, 230.00 709, 321,952.
113, 720, ioo. 00 654, 807,185.
567,,566,834.
23, 292, 160.00
rt 2,070.73
rt3,396.1'8
rt 18,228. 36
a3,047.80
12,691.40
ft 1,500.00
47,097.65
7,997.64
rt73Lll
),720,136.29 18,182,633,148.41 8485,224.45 237,337,491.57 17,632,955,783.09 36,063,411,647.62 2,714,730.71
unavailable a n d since recovered a n d charged to his accouiit.
90
TABLE
REPORT
K.—STATEMENT
OF
O'N
TPHE
EXPENDITURES
OF
FTKAli^CEg.
THE
UNITED
STATES
FROM
JUNE
Year.
1791-.
1792..
1793-.
1794-.
1795..
1796-.
1797-.
1798-.
1799..
1800-.
1801..
1802-.
1803..
1804..
1805..
1806.1807..
1808-1809..
1810..
1811..
1812..
1813..
1814..
1815.181.6.1817..
1818..
1819.1820..
1821-1822-1823-1824..
1825.1826-1827..
1828.1829..
1830- .
1831.1832-1833.1834..
1835..
1836.1837..
1838-1839.1840..
1841.1842.1843 rt
1844-1845.1846-1847-1848..
1849-.
1850..
1851..
1852..
1853.1864.1855-1856-1867-1858.1859..
1860.1861..
1862-.
1863..
1864..
Navy.
$632, 804.03
1,100, 702.09
1,1.30, 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.
1,672, 944.08
1,179, 148.25
822, 055.85
875, 423. 93
7.12, 781.28
1,224, 355. 38
1,288, 6S5.91
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
5,622, 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, 914.1
3,943, 194.37
3,948, 977.88
4,145, 544. 56
4,724, 291.'07
4,767, 128.88
4,841, 835.65
5.446. 034,
6,704, 019.10
5, 696, 1
5, 759, 156.89
. 11,747, 345.25
13,682, 730.80
12,897, 224.16
8,916, 995.80
7,095, 267.23
8,801, 610. 24
6,610, 438.02
2,908, 671.95
5,218, 183.66
5,746, 291.28
10,413, 370.58
36,840, 030.33
27,688, 334.21
14,558, 473.26
9,687, 024.58
12,161, 965.11
8,521, 606.19
9,910, 498.49
11, 722, 282.87
14.648. 074.07
16.963; 160.61
19,159. 150.87
25,679, 121.63
23,154, 720.53
16,472, 202. 72
23,001 530.67
389,173 562.29
603,314 411.82
690,39i; 048. 66
$61, 408. 97
410, 562.03
274, 784.04
382, 631.89
1,381, 347.76
2,858, 081.84
3,448, 716.03
2,111, 424.00
915, 561.87
1,215, 230.53
1,189, 832.75
1,597, 500.00
1,649, 641.44
1,722, 064.47
1,884, 067.80
2,427, 758.80
1,654, 244.20
1,965, 506.39
3,959, 306.15
6,446, 000.10
7,311, 290.60
8,660, 000.25
3,908, 278.30
3,314, 598.49
2,953, 695.00
3,847, 640.42
4,387, 990.00
3,319, 243.06
2,224, 458,
2,503, 705.83
2,904, 581.60
3,049, 083.86
4,218, 902.45
4,263, 877.45
3,918, 786.44
3,308, 745.47
3,239, 428.63
3,856, 183.0'
3,956, 370.29
3, 901, 356. 76
3,956, 260. 42
3,864, 939.06
5,807, 718.23
6,646, 914.53
6,131, 580.53
6,182, 294.25
6,113, 896. 89
6,001, 076. 97
8,397 242.95
3,727; 711.53
6, " 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
8,880, 581.38
8,918, 842.10
11,067, 789.63
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, 649.83
12,387, 156.52
42, 640, 353.09
63,261, 235.31
85,704,-•963.74
Indians.
$27.000.00
13.648.85
27,282.83
13,042.40
23,475.68
113,563.98
62,396.68
16,470.09
20,302.19
31.22
9,000.00
94,000.00
60,000.00
116,500.00
196,500.00
234,200.00
205,425.00
213,575.00
337,503 '
177,625. 00
151,875.00
277,845.00
167,358.28
167,394.86
530,750.00
274,512.16
319,463.71
505,704.2'7
463,181.39
315,750.01
477,005.44
575,007.41
380.781.82
429,987.90
724,106.44
743.447.83
750,624.88
705,084.24
576,344.74
622,262.47
930,738.04
1,352,419.75
1,802,980.93
1,003,953.20
1,706,444.48
5,037,022.88
4.348.036.19
5,504.191.34
2,528,"917.28
2,331,794.
2,514,837.12
1,199,099 "
578,3"1.00
1,256,532.39
1,539,351.35
1,027,693.64
1,430,411 "
1,252,296.81
1,374,161.55
1,663,591.47
2,829,801.77
3,043,576.04
3,88Ci, 494.12
1,550, 339.55
2, 772,990.78
2,644,263.97
4,354,418.87
4,978,266.18
3.490.534.53
2.991.121.54
2,865,481.17
2,327,948.37
3,152,032.70
2,629,975.97
Pensions.'
$175,813.88
109,243.15
80,087.81
81,399.24
68,673.22
100,843. 71
92,256.97
104,845.
95,444.03
64,130. 73
73,533.37
85,440.39
62,902.10
80,092.80
81,854.59
81,875.53
70,500. 00
82,676.04
87,833.54
83,744.16
75,043.
91,402.10
86,989.91
90,164.36
69,656.06
188,804.15
297,374.43
890,719.90
2,415,939.85
3,208,376.31
242,817.25
1,948,199.40
1,780,588.52
1,499,326.59
1,308,810.57
1,556,593.83
976,138.86
850,573.57
949,594.47
1,363,297.31
1,170,665.14
1,184,422.40
4,589,152.40
3,364,285.30
1,954, 711.32
2,882,797.96
2,672,162.45
2,156,057.29
3,142,750.51
2,603,562.17
2,388,434.51
1,378,931.33
839,041.12
• 2,032,008.99
2,400,788.11
1,811,097.56
1,744,883.63
1,227,496.48
1,328,867,
1,866,886.02
2,293,377.22
2,401,858.78
1,756,306.20
. 1,232,605.00
1,477,612.33
1,296,229.65
1,310,380.58
1,219,768.30
1,222,222.71
1,100,802.32
1,034,599.73
852,170.47
1.078.513.36
4,985,473. 90
MARCH
30)
4,
FROM
Miscellaneous.
971.61
4,072, 604.38
511, 451.01
750: 350.74
1,37 ;920.66
801:,847,"
1,259, 422.62
1,139. 524. 94
1,039!,391.68
1,337; 613.22
1,114; 768.45
1,402: 929.40
1,842, 635.76
2,191,009.43
3,708,598.75
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
1,729,435.01
2,208,029.70
2,898,870.4'
2,989, 741.17
3,518,930.76
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
2,7.1.3,476. 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.
6,885;
35
5,650,851.25
12,885,334.24
16.043,763.30
17,888,992.18
17,504,171.45
17,463,008.01
26,672,144.08
24,090, 425.48
•31.794; 038.87
28.565; 498. 77
26,400; 010.42
23,797, 544.40
27,977; 978.30
23,327;287. 09
21,385,802.59
23,198,382.37
27,572,216.
a F o r t h e h a l f y e a r from
SECRETARY OE TECE TREASURY.
1789, TO J U N E 30, 1905,
THAT TIME.
BY CALENDAR YEARS TO 1843
Net ordinary exPremiums.
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
1836
1836
1837
1838
1839
1840
1841
1842
1843ft
1844
1846
1846
1847
1848
1849
1860
1851
1852
1853
1864
1856
1856
1857
1868
1859
1860
1861
1862
1863
1864
$1, 919,589.
5,896,258.
1,749,070.
3,545,299.
4,362,541.
2, 551,303.
2, 836,110.
4,651,710.
6,480,166.
7.411,369.
4,981,669.
3,737,079.
4,002,824.
4,452,858.
6,357,234.
6,080,209.
4,984,572.
6,504,338.
7,414.672.
5,311,082.
5,592,604.
17, 829,498.
28, 082,396.
30, 127,686.
26, 953,571.
23, 373,432.
15, 454,609.
13, 808.673.
16, 300,273.
13, 134,530.
10, 723,479.
9,827,643.
9,784,154.
15, 330,144.
11, 490.469.
13, 062,316.
12, 653,095.
13, 296,041.
12, 641,210.
13, 229,533.
13, 864,067.
16, 516,388.
22, 713,765.
18, 425,417.
17, 514,950.
30, 868,164,
37, 243,214.
33, 849,718,
26, 496,948,
24, 139,920.
26, 196,840.
24, 361,336.
11, 256,608.
20, 650, lo^8.
21, 895,369.
26, 418,459.
63, 801,669.
45, 227,464.
39, 933,642.
37, 166,990.
44, 054,717.
40, 389,954.
44, 078,166.
51, 967,528.
56, 316,197.
66, 772,527.
66, 041,143.
72, 330,437.
66, 365,950,
60, 056,764,
62, 616,065,
456, 379,896.
694, 004,575,
811, 283,679,
Interest.
$1,177-, 863.03
2,373; 611.28
2.097, 859.17
2,752, 523.04
2,947, 059.06
3,239, 347.68
3,172, 516.73
2,955, 875.90
2,815, 651.41
3,402, 601.04
4,411, 830.06
4,239, 172.16
3,949, 462.36
4,185, 048.74
2,657, 114.22
3.368, 968.26
3.369,578.48
2,557,074.23
2,866,074.90
3;163,671.09
2,685, 435.57
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.
5,151,004.32
6,126,073.79
6,172,788.79
4,922,475.40
4,943,557.93
4,366,757.40
3,976,642.95
3,486,071.51
3.098,800.60
2,542, 843.23
1,912, 574.93
1,373,748.74
772, 661.60
303, 796.87
202, 162.98
57,
$18,231.43
82,866.81
69,713.19
170,063.42
420,498.64
2,877,818.69
872,047.39
385,372.90
363,672.39
674,443.
January 1 to June 30,1843.
AND BY FISCAL YEARS (ENDED
Public debt.
984.23
693, 050.25
2,633; 048.07
2,743, 771.13
2,84i; 639.37
2.577; 126.01
2,6I7; 250.12
976; 032.09
1.706; 578.84
1.138; 563.11
2.879; 876.98
5,294; 235.24
3,306; 697.07
3,977 206.07
4,583, 960.63
5,572, 018.64
2 , " 141.62
7,701; 288. 96
3,586. 479.26
4,835, 241.12
5,414, 564.43
1,998, 319.88
7. 508,608.22
3,307, 304.90
6,638,832.11
17,048. 139.69
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, 639.24
6,617,596.88
9,064,637.47
9,860, 304.77
9,443, 173.29
14,800, 629.48
17,067, 747.79
1,239,746.61
5,974,412.21
328.20
21, 822.91
6,590, 723.79
10,718, 163.63
3,912, 015. 62
174,
5,315, 712.19
284; 977.55
.7,801, 990.09
773, 649.85
338, 012.64
523, 583.91
11,168, 450.o71
1,833; 452.13
7,536, 349.49
1,040; 458.18
371, 100.04
842, 723.27
1,119, 214.72
6,600,067.65
2,390, 766.88
13,036, 922.54
3,565, 535.78
12,804, 478.64
3,782, 393.03
3,656, 335.14
3,696, 760. 75
654, 912.71
4,000, 297.80
2,152, 293.05
3,665, 832.74
6,412,574.01
3,070, 926.69
17,556, 896.95
2,314,464.99
6,662,065.86
1,953,822.37
3,614, 618.66
1,593,265.23
3,276, 606.05
1,662, 055.67
7,505, 250.82
2,637, 649.70
14,685, 043.15
3,144, 120.94
13,864, 250.00
4,034, 157. 30 18,737, 100.00
13,190, 344.84
96,097, 322.09
24,729, 700.62 181,081, 635.07
63,685, 421.69 430,672, 014.03
14,996.48
91
Gross expenditures.
$3,797, 436.78
8,962, 920.00
6,479, 977.97
9,041,593.17
10,151, 240.15
. 8,367,776.84
8,625, 877.37
8,583, 618.41
11,002, 396.97
11,952, 534.12
12,2^3, 376. 94
13,2^0, 487. 31
11,258, 983.67
12, 6i5,113.72
13,598, 309.47
15,021, 196.26
11,292, 292.99
16,762, 702.04
13,867, 226.30
13,309, 994.
13,592, 604.86
22,279; 121.15
39,190; 520.36
38,028, 230.32
39,582, 493.35
48,244; 495.61
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, 479.62
26,044, 358.40
24,585, 281.55
30,038, 446.12
34,356, 698.06
24,267, 298.49
24,601, 982.44
17,673, 141.66
30,868, 164.04
37,265, 037.15
39,465, 438.35
37,614, 936.15
28,226 533.81
31,797, 530.03
32,936, 876.63
12,118, 106.15
33,642, 010.85
30,490, 408.71
27,632, 282.90
60,520, 851.74
60,655, 143.19
56.386, 422.74
44,604, 718.26
48,476, 104.31
46,712, 608.83
54,577, 061.74
75,473, 170.75
66,164, 775.96
72,726, 341. 67
71,274, 587.37
^82,062, 186.74
83,678, 642.92
77,055, 125.65
85.387, 313.08
565,667, 563.74
899,815, 911.25
1,295,641, 114.
Balance in
Treasury at
the end of
the year.
S973, 905. 75
788; 444. 51
753; 661.69
1,151 924.17
516; 442.61
888; 995.42
1,021 899.04
617; 451.43
2,161, 867.77
2, 623 311.99
3,295, 391.00
6,020, 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
6,196, 642.00
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
1,681,692.24
4,237,427.55
9,463, 922.81
1,946,597.13
5,201, 650.43
6,358, 686.18
6,668,286.10
6,972,436.81
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
37,327, 252.69
36,891, 196.94
33.157, 603.68
29,963, 163.46
28,685, 111.08
30,521, 979.44
39,186, 284.74
36,742, 829.62
36,194, 274.81
38,261, 959. 66
33,079, 276. 43
29,416, 612.46
32,827, 082.69
35,871, 763.31
40.158, 363.25
43, 338,860.02
50,261, 901.09
48,691, 073.41
47,777, 672.13
49,108, 229.80
46,802, 855.00
35,113, 334.22
33,193, 248.60
32,979, 530.78
30,963, 857.83
46,965; 304.87
36,623; 046.13
134,433;,738.44
92
BEPORT ON TFIE FINANCES.
TABLE K.—STATEMENT OF THE EXPENDITURES OF THE UNITED
Year.
War.
Navy.
$1,030,690,400.06 $122, 617,434.07
283,154,676.06 • 43,285,662.00
1865.
1866.
3,568,638,312.28
rt3,021.780.07
1867
i868
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
1896
1896
1897
1898
1899
1900
1901
1902
1903
1904
1.906
--
Total . - -
710,551,810.39
rt77,992.17
Indians.
$5,059,360.71
3, 295,729.32
103,309,211.42
ft53,280.61
3,572,260.092.35 717,629,80S.50 103,422,498. 03
95, 224.415. 63 31,034,Oil.04
4,642,531.7
123, 246,048.62
25,775,502. 72
4,100, 682.32
78, 501,990.61
20,000,767. 97
7,042,923.00
57, 655,675.40
21, 780,229,
3,407,938.15
35, 799,991.82
19,431,027.21
7,426,997.44
35, 372.157.20
21,249,809.99
7,061, 728.82
46, 323,138. 31 23,526,250.79
7,951,704.
42, 313.927.22
30,932,587.42
6,692,402.09
41, 120, 645. 98 21,497,020. 27
8,384, 656.82
38, 070,888.64
18,963,309.82
5,966,558.17
37, 082,735.
14,959,935.30
5,277,007.22
32, 154.147.85
17,365,301. 37
4,629,280.28
40, 425. 660. 73 15,125,126.84
5,206, 109.08
38, 116,916.22
13,536,984.74
6,945,457.09
40, 466,460.55
15,680,671.66
6,514,161.09
43, 570.494.19
i.5,032,046.26
9, 736,747.40
48, 911.382. 93 15,283,437.17
7,362,590.34
39, 429.603.36
17,292,601.44
6,475,999.29
42, 670,578.47
10,021,079.67
6,.552,494.63
34, 324,152.74
13, 907,887.74
6,099,158.17
38, 561,025.85
15,141,126.80
6,194,'522.69
38, 522,436.11
10,920,437.65
6,249,307.87
44, 435.270.85
21,378,809.31
6, " 207.78
44, 582,838.08
22,000,206.24
6,708,046.67
48, 720, 065.01 26,113,896.46
8,527, 469.01
46, 895,456.30
29, r4:, 138,
11,150, 577. 07
49, 641,773.47
30,136,084.43
13,345, 347.27
64, 567,929.85
31,701, 293.79
10,293, 481.62
61, 804,759.13
28,797, 795.73
9,939,754.21
50, 830,920.89
27,147, 732.38
12,165, 528.28
48, 950,207,
34,561, 546.29
13,016 802.46
91, 992,000.29
58,823,984.
10,994; 667.70
229,841,254.47
63,942, 104.25
12,8O5; 11.14
134, 774,707.78
55,963. 077.72
10,175, 106.76
144, 615.697.20 60,506; 978.47
10,896, 073.35
112, 272,216,
67,803, 128.24
10,049,584.86
118, 619,520.15
82, 618,034.18
12,935, 168.08
115,035,410.58 102,956, 101.55
10,438, 350.09
122, 175,074.24 117,550,308.18
14,236, 073.71
6,149,880,388.94 1,999,270.785.36
Pensions.
$16,347,621.34
15,605,549. '
Miscellaneous.
$42,989,383.10
40,613,114.17
119,607,656.01 643,604,554.33
rt718,769.52
rt9,737.87
119,617, 393.88 644,323, 323.85
51,110, 223.72
20,936, 551.71
53,009, 807.07
23,782, 386.78
56,474, 061. 53
28,476, 621. 78
53,237, 461.50
28,340,202.17
34,443, 894.88
60,481, 916.23
60,984, 757.42
28,533, 402.76
29,359,426,
73,328, 110. 06
29,038 414.66
85,141, 593.61
29,456,216.22
71,070, 702.98
28,257, 396.69
73,599, 601. 04
27,963, 752.27
58,926, 532.53
27', 137.019.08
58,177, 703.57
35,121, 482.39
63,741, 555.49
56,777, 174.44
54, 713,529.70
50,059, 279. 62
64,416, 324.71
61,345, 193.95
57,219, 750.98
66,012, 573.64
68,678, 022.21
55,429; 228.06
70,920, 433.70
56,102; 267.49
87,494, 258.38
63,404, 864.03
74,166, 929.85
75,029, 101.79
85,264, 825.59
80,288, 508.77
72,952, 260.80
87,624, 779.11
80.004, 064.26
106,935,855.07
81,403, 256. 49
124,415, 951. 40 110,048, 167.49
134,583, 052.79
99,841, 988.61
159,357 557.87 103,732, 799. 27
1.41,177, 284.96 101,943, 884.07
141, 395,228.87
93, 279, 30.14
139,434, 000.98
87,210,234.62
1.41,053; 164.63
90,401, 267.82
147,452. 368. 61
96,520, 505.17
139,394; 929.07 119,191,255.90
140,877; 316.02 105,773,190.16
139,323; 621.99 122,282,003.10
138,488; 559.73 113,469,323.91
138,425; 646.07 124,944,289. 74
142,559; 266.36 186,766,702.92
141,773, 964.57 -146,952,648. 65
426,913,467.26 3.359,185,901.02 3.960.865.019.56
rt O u t s t a n d i n g
NOTE.-
- T h i s s t a t e m e n t is m a d e from w a r r a n t s p a i d b y t h e T r e a s u r e r u p t o J u n e 30, 1866.
The
93
SECRETARY OF T H E TREASURY.
STATES PROM MARCH 4, 1789, TO J U N E 30, 1905,
Yey.r.
Net ordinary exPremiums.
penditures.
Interest.
ETC.—Continued.
Public debt.
Gross expenditures.
Balance in
Treasury at
the end of
the year.
1865 $1,217,704,199 ..28 $1,717,900.11 $77,395,090.30 S609,616,141, $1,906,433,331.37 $33,933, 657.89
385,954,731.43
68,476.51 133,067,624. 91 620,263,249.10 1,139,344,081.95 105.301, 054.76
1800
5.152,771,650.43 7,611,003. 56 502,689,519.27 2,374,677,103.12 8,037,749,176.
rt4,481,566.24
rt 2,888.48
rtl00.31 ft 54,484,555.03ft 4,484,656.03
5,157,253,116.67 7,611,003.56
1867
202,947,733.87 10,813,349.
1868
229,915,088.11 7,001,15i:04
1869
190,495,354.95 1,674,680.05
1870
164,421;507.15 15,996,555.60
1871 • 157,
583, 827.58 9,016;794.74
1872
153,201,856.19 6,958,266.76
1873
180,488,636.90 5,105,919.
1874
194,118,985.00 1,395,073.55
1875
171,529,848. 27
1876
164,857,813. 36
1877
144,209,963. 28
1878
134,463,452.15
1879
161,619,934.53
1880
169,090,062. 25 2,795,320.42
1881
177,142, 897. 63 1,061,248.78
1882
186,904.232.71
1883
206,248,006.29
1884
189,547,865.86
1885
208,840.678.64
1886
191,902,992.53
1887
220,190.602.72
1888
214,938,951.20 8,270,842.46
1889
240,996,131.31 17,292,362.65
1890
261,637.202.65 20,304,224.06
1891
317,825,549. 37 10,401,220.61
1892
321,645,214.36
1893
356,213,562.31
1894
339,683,874.19
1895
325,217.268.08
1896
316,794,417.15
1897
327,983.049.09
1898
405,783,626.57
1899
666,175,264.83
1900
447,553,458.44 33,147,054.81
1901
477,624,374.11 14,649,572. 95
1902
442,082,812.82 14,043,391.14
1903
477,542,658.22 10,907,119.82
1904
657,755,831.50 1,257,678.01
1906
642, 687,969.35
602,692,407. 2,374,677,203.43 8,042,233,731.
735,536,980.11 1,093,079, 655.
143,781,591.
692,549,685.88 1,069,889,970.
140,424,045.
261,912, 718. 31 584,777,996.
130,694,242.
393,254,282.13
129,235,498.
702,907,842.
399,503,670.65
125,576,565.
691,680,858.
405,007,307^54
117,357,839.
682,525,270.
233,699,352.58
104,750,688.
624,044,597.
422,065,060.23
107,119,815.
724,698.933.
407,377,492.48
103,093,544.
682,000,885.
449,345,272.80
100,243,271.
714,446,357.
323,965,424.05 665,299,898.
97,124,511.
353,676,944.90 690,641,271.
102,500,874.
699,445,809.16
105,327,949.
966,393.692.
432,590,280.41
95,757,676.
700,233,238.
165,152.335.05
82,508,741.
425,865.222.
271,646,299.55 529,627,739.
71,077,206.
590,033,829.96
59,160,131.
855,491,967.
260,520,690.60
54,578,378.
604,646.934.
211,760,353.43
61,386,266.
471,987.288.
205,216,709.36
60,580,145.
447,699,847.
271,901,321.16
47,741,577.
639,833,501.
249,760.258.06
44,716,007.
617,685,069.
318; 922,412.35
41,001,484.
618,211,390.
312; 206,367.50
36,099,284.
630,247,078.
365,352,470.87 731,126,376.
37,547,135.
338, 995,958.98 684,019.289.
23,378,116.
389,530,044.50 773,007,998.
27,264,392.
331, 383,272.95
27,841,406.
698,908,652.
354,276,858.93
30,978,030.
710,472,157.
396, 190,023. 35 748,369,469.
35,385,028.
353, 180,877.50 718,955,037.
37,791,110.
384,219,642.00 827,588,124.
37,585,056.
341,149,968.98 946,222,148.
39,896,925.
365,682,271.26
40,160,333.
886,443,117.
212, 620,767.78 737,237.693.
32,342,979.
74,006,898.00 659,241,146.
29,108, 044.
103,669,394.00 620,575,620.
28,556,348.
52,181,296.76
24,646,489.
635,841,196.
12, 680,671.30 679,969,684.
24,590,944.
160,817,099.73
198.076,537.09
158,936.082.87
183,781,985.76
177.604,116.51
138,019,122.15
134. 666,001.86
159,293,673.41
178,833,339.64
172,804,061.32
149,909,377.21
214,887.646.88
286,591,453.88
386,832,588.66
231,940,064.44
280,607,668.37
275,450,903.63
374,189,081. 98
424,941,403.07
521.794,026.26
526,848,755.46
51'2,861,434.36
659,449,099.94
673,399,118.18
691,527,403.76
726,222,332.60
778,604,339. 28
738,467,556.07
763,666.540.75
773,610.008.76
846,093.349.62
864,790,237.71
775, 751,368.11
867,980,559.46
1,069,,336,349.68
1,128,,762,603.23
1,221,259,599.66
1.310,006,031.20
1,328,,972,020.63
1,316.679.270.63
16,896,115,662.14 199,702,730.38 3,121,600,974.96 16,516,698,378.70 34,734,117,646.18
warrants.
outstanding warrants are then added, and the statement is by warrants issued from that date.
94
REPORT ON T H E FINANCES.
TABLE L.—STATEMENT OF THE N E T DISBURSEMENTS (BY WARRANTS) DURING THE FISCAL
Y E A R ENDED J U N E 30,
1905.
CIVIL.
$6,539,489.66
14,390,216.77
7,660,251.73
254,106.25
509^210.27
729,446.12
237,891.88
Congress
Executive
Judiciary
'
Government in the Territories.
Subtreasuries
Public land offices
Mints and assay offices
$29,320,611. 67
FOREIGN INTERCOURSE.
Diplomatic salaries
Consular salaries
Contingent expenses of foreign missions
Contingencies of consulates
Relief, protection, and rescuing shipwrecked American seamen
International Union of American Republics
Pay of consular officers for services to American vessels and seamen - Emergencies, arising in the diplomatic and consular service
Spanish indemnity
Chinese indemnity
Pious fund of the Californias
--Other trust funds
Miscellaneous items
:
647,034.10
857,762.52
166,298.51
304,684.10
28,175.56
45,465.55
16,590.65
81,877.76
28,500.00
44,353.09
906.34
322.48
844.53
2,621,815.18
MISCELLANEOUS.
Public printing and binding
Contingent expenses. Independent Treasury
Min t "establishment
Assessing and collecting internal revenue
Paper for internal-revenue stamps
.Redem ption of internal-revenue stamps
Panishing 'Eolations of internal-revenue laws
Refunds, reliefs, etc., under internal-reveriue laws
Refunding taxes illegally collected under internal-revenue laws
Allowance or drawback "under internal-revenue laws
Refunding tax on certain legacies
Refunding stamp tax on export bills of lading
Refunding tax on contingent beneficial interests
Refund of internal-revenue taxes illegally collected from owners of
private dies
Paymen t of judgments against internal-revenue officers
Collecting revenue from customs
$9,116,499.44
Detection and prevention of frauds upon the customs revenue
-•
149,131.30
Repayment to importers excess of deposits
Debentures and drawbacks under customs laws
Revenue-Cutter Service
Revenue vessels
Life-Saving Service
Public Health and Marine-Hospital Service
Engraving and printing
Custom-houses, post-offices, court-houses, etc
Pay of assistant custodians and janitors of public buildings
Fuel, lights, and water for public buildings.
Furniture for public buildings
Distinctive paper for United States securities
Expenses of national currency;
Transportation and recoinage of coin
Preventing the spread of epidemic diseases -. ...^
Suppressing counterfeiting and other crimes
Interstate Commerce Commission
Expenses under Smithsonian Institution
,
National Museum
National Zoological Park
Claims reported by the Court bt Claims under Bowman and Tucker
acts
1
. French spoliation claims
Payment for improvements, Potomac River Flats
Louisiana Purchase Exposition, St. Louis
Lewis and Clark Centennial Exposition, Portland, Oreg
Canal connecting the Atlan tic and .Pacific oceans
."Interparliamentary Union for Promotion of International ArbitrationDistrict of Columbia:
General expenses
$10,826,416.83
Water department, payable from the water f u n d . . . .
429,064.01
Special trust funds
422,875.65
Buildings and grounds in Washington under Chief Engineer
Fuel, lights, etc., State, War,and Navy Department building
Care, maintenance, etc., ol Washington Monument
Prevention of deposits in New York Harbor
Photolithograpbing for the Patent Office
Official Gazette, Patent Office
8m:Yey.iog publiQ l a n c l s . , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
.,
.'
,
6,354,021.32
237,582.78
.1,061,208.80
4,188,861.38
73,025.85
119,276. 76
76,297.47
42,697.64
24,881.40
7\ 238.70
13,043.06
. 86,749.37
144,080.46
151.230.09
107,539.82
9,264,630.74
3,353.261.63
5.950,289.99
1,610.81.2.54
68,217.94
1.840.505.21 .
1,290,092.32
2,866.340. 62
10,934.783.10
1,205,654.87 •
994.378.93
417.961.17
242,883.79
39,973.03
300,606.09
143,023.80
127,388.60
331,437.23
141,144.02
464,112.71
105,548.68
33,420.94
662,950.36
14,524.70
342,907.45
298,323.35
3,918.819.83
35 953.60
11,678,356.49
260,595.33
42.092.30
16,899.82
99,214.29
140, 999.97
179,741.55
229,390.03
SECRETARY OF T H E TREASURY.
95
TABLE L.—STATEMENT OF THE N E T DISBURSEMENT^ (BY WARRANTS) DURING THE FISCAL
Y E A R ENDED JUNE 30, 1905—Continued.
MISCELLANEOUS-Continued.
Surveying forest reserves
•
$130,487.50
Protecting forest reserves
255,558.62
Contingent expenses of land offices
262,378.70
Geological Survey
982,166.16
Geological maps of the United States
'.
103,682.26
Reclamation fund
3,882,020.53
Protecting public lands, timber, etc
247,313.65
Repayment for lands erroneously sold
54,094. 97
Depo.sits by individuals for surveying public lands
174,508.78
Hot Springs Reservation, Arkansas
17,752. 00
Five, three, and two per cent funds to States
273,587. 56
Government Hospital for the Insane
443,280. 09
Columbia Institution for the Deaf and Dumb
65,500. (0
Howard University
.•
47,643. 90
Capitol building and grounds
158,251.10
Office building. Senate
783,010.39
Office building. House of Representatives
140,857.20
Interior Department building
21,709.55
Colleges for agriculture .and the mechanic arts
1,200,000.00
Schools outside incorporated towns, Ala.ska
86,828.33
Testing fuel, Louisiana Purchase Exposition
120,140.13
Deficiency in the postal revenues
15,065,257.00
Mail transportation, Pacific railroads
740,641.75
Department of Agriculture
5,202,586.85
Weather Bureau
.1,334,877.66
'
Bureau of Standards
190,158.64
Census Office
-1,410,870.02
Coast and Geodetic Survey
926.412.61
Light-House E.stablishraent
:
4,449,658.26
Bureau of Fisheries
660,079.96
Steamboat-Inspection Service
396,260.49
Bureau of Immigration
98,918.76
Enforcement of Chinese-exclusion act
544,416.25
Expenses of regulating immigration
1,483,020.14
Salaries and expenses, shipping service
-'
64,279.14
Services to American vessels
20,849.53
Supplies for native inhabitants of Alaska
13,661.40
Judgments, Court of Claims and United States courts
95,536.48
Miscellaneous items
636,903.49
. —-.
$115,010,121.80
INTERIOR DEPARTMENT.
Indians
14,2.36,073.71
Pensions
141,773,964.57
166,010,038.28
MILITARY ESTABLISHMENT.
Pay Department
29,765,889.42
Pay Department, bounty and miscellaneous
181,332. 91
Extra pay, etc., war with Spain
584,986.40
Mileage to officers and contract surgeons
437,575.25
Encampment and maneuvers, organized militia
987,286.07
Commissary Department
5,541,892.65
Quartermaster's Department
-•
29,220,315.43
Barracks and quarters, Philippine Islands
510,088.36
National cemeteries, roads, etc
242,654.62
Medical Department
"- -1,017,028.86
Artificial limbs, etc
121,672.70
Ordnance Department
- -..
7,275,746.33
Armories and arsenals
1,074,980.10
Armament of fortifications
3,961,058.09
Gun and mortar batteries
1,689,938.59
Military Academy
477,890.39
Engineer Department
1,900,884.58
Engineer school, Washington, D.C
380,062.42
Building, Army War College, Washington, D. C
148,313.00
Improving rivers and harbors
r.
22,813,864.63
Survey of northern and northwestern lakes
113,865.23
Military telegraph and cable lines, Alaska
414,947.00
Signal Service of the Army
237,162.09
Wagon roads, bridges, and trails, Alaska fund
6,000.00
National defense
12,953.60
Emergency fund
:
-..
46,717.07
Construction of military'posts, roads, etc
2,891,565.60
Support of Soldiers' Home
743,792.25
Soldiers' Home, permanent fund and interest account
640,692.26
State or Territorial Homes for Disabled Volunteer Soldiers
1,071,554.66
Support of NationarHomes for Disabled Volunteer Soldiers
3,907,685.26
Chickamauga and Chattanooga National Park
38,740.44
Shiloh National Park
33,639.85
Yellowstone National Park
254,362.54
Vicksburg National Park
- - -,
89,646.24
Gettysburg National Park
'
69,616.26
Enlargement of Governors Island, New York Harbor
95,939.50
Reimbursing States and Territories'for expenses of raising troops, war
with Spain.,,,vv-^..'..v'.,,
.,,,,.,,,,,,.,,,
,,
200,060,93
96
REPORT ON T H E FINANCES.
TABLE L.—STATEMENT OF THE N E T DISBURSEMENTS (BY WARRANTS) DURING THE FISCAL
Y E A R ENDED J U N E 30, 1905—Continued.
• MILITARY ESTABLISHMENT-Continued.
Refunding to States expenses incurred in raising volunteers
Claims reported by the Court of Claims under Bowman and Tucker
acts
-,
Reimbursing Missouri for militia expenses during t h e rebellion
Judgments, Court of Claims and United States courts
Bringing home remains of officers, soldiers, and others who die abroadReliefs and reimbursements
Miscellaneous items
—
NAVAL ESTABLISHMENT.
General account of advances
Emergency fund
Pay, etc., of the Navy
Pay, miscellaneous
Deposit fund
Contingent, Navy
Marine Corps
Naval Academy . . .<
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
'.
Prize money
^
Claims reported by Court of Claims under Bowman and Tucker acts . Judgments, Court of Claims and United States courts
Judgments, bounty for destruction of enemies' vessels
Miscellaneous items
$1,103,853.83
731,854.15
475,198.13
250,896. 85.
27,482.13
136,838.81
257,650.88
3,161,400.51
13,749.44
17,626,371.32
638,348.15
621,105.29
15,985.50
3,944,263.22
2,748,867.07
1,758,711. 20
3,940,574.96
6,893,851.37
8,911,207.78
796,419.42
6,198,930.26
7,944,886.71
4,143,684.10
47,418,091.03
72,363. .^9
1,164,774.87
424,070.16
149,145.24
o 16,338.37
47,178.52
$122,175.074.24
Interest on the public debt . . . . ,
117,550,308.18
24,590,944.10
Total net ordinary expenditures
Redemption of the public debt
667,278,913.45
12,680,671.30
Total expenditures
579,959,584.75'
97
SEORETARY OP T H E TREASURY.
TABLE M.—STATEMENT OF THE COIN AND PAPER CIRCULATION OF THE UNITED
STATES FROM 1860 TO 1905,
INCLUSIVE, WITH AMOUNT OF CIRCULATION PER
CAPITA.
Year.
Coin, i n c l u d - U n i t e d S t a t e s
Total money.
ing bullion in
notes a n d
Treasury.
b a n k notes.
I860.--.
$235,000,000
1861---250,000,000
1862.--.
26,000,000
1863...25,000,000
1864---.
25,000,000
1865.--25,000,000
1866---25,000,000
1867-...
25,000,000
1868....
25,000,000
1869--.25,000,000
1870--.25,000,000
1871---26.000,000
1872...25*000,000
1873-...
25,000,000
1874..-25,000,000
1875.-..
25,000,000
1876....
52,418, 734
1877.--65,837,506
1878---102,047,907
1879---357,268,178
1880---494,363,884
1881....
647,868,682
1882.--703,974,839
1883.--769,740,048
1884.--801,068,939
1885-.-.
872,176,823
1886.-.903,027,304
1887--.- 1,007,513,901
1888---. 1,092,391, 690
1889-.-- 1,100,612,434
1890..-- 1,152,471,6,38
1891.--.
1,112,956,637
1 8 9 2 . - . . 1,131,142,260
1 8 9 3 - . . - 1,066,223,357
1894---- 1,098,958,741
1895---. 1,114,899,106
1896.--- 1,097,610,190
1897---- 1,213,780,289
1 8 9 8 . . . . 1,397,785,969
1.899---- 1,508,643,738
1 9 0 0 . . . . 1,607,352,213
1901.-.1,734,861,774
1 9 0 2 . . - . 1,829,913,651
1 9 0 3 - . . - 1,905,116,321
1904---- '1,994,610,024
1905---- 2,031,296,042
$207,102,477
202,005, 767
333,452,079
649,867,283
680,588,067
745,129,755
729, 327,254
703,200,612
691,563,578
690,351,180
697,868,461
716,812,174
737,721,565
749,446,610
781,024,781
773,273,509
738,264,550
697,216,341
687,743,069
676,372,713
691,186,443
701,723, 691
705,423,050
702,754,297
686,180,899
665,257,727
658,380,470
625,898,804
599,049, 337
558,059,979
532,651,791
564,837,407
621,076,937
672,585,115
706,120,220
704,460,451
702,364,843
692,216, 330
675,788,473
681,550.167
732,348;460
748,206,203
733,353,107
779,594, 666
808,894, 111
851,813,822
$442,102,477
452,005,767
358,452,079
674,867,283
705,588,067
770,129,756
754,327,254
728,200,612
716,553,578
716,351,180
722,868,461
741,812,174
762,721,566
774,445,610
806,024,781
798,273, 509
790,683,284
763,053,847
789,790,976
1,033,640,891
1,185,550,327
1,349,592,373
1,409,397,889
1,472,494,345
1,487,249,838
1,537,433,650
1,561,407.774
1,633,412; 705
1,691,441,027
1,658,672,413
1,686,123,429
1,677,794,044
1,752,219,197
1,738,808,472
1,805,078,961
1,819,359; 557
1,799,976,033
1,905,996,619
2,073,574,442
2,190,093,905
2,339,700,673
2,483,067,977
2, 563,266,658
2,684,710,987
2,803,504,135
2,883,109,864
Coin, b u l l i o n .
and paper
Circulation.
money in
Treasury, as
assets.
$6,695,225
3,600,000
23,754,335
79,473,245
36,946,589
55,426,760
80,839,010
66,208,543
36,449,917
50,898,289
47,666,667
26,923,169
24,41.2,016
22,563,801
29,941,750
44,171,562
63,073,896
40,738,964
60,658,342
215,009,098
212,168,099
235,364,254
235,107,470
242,188,649
243,323,869
244,864,935
308,707,249
315,873,562
319,270,157
278,310,764
255,872,159
180,353,337
150,872,010
142,107,227
144,270,253
217,391,084
293,540,067
265,787,100
236,714,547
286,022,024
284,549,675
307,760,015
313,876,107
317,018,818
284,361,275
295,227,211
$435,407,262
448,405,767
334,697,744
595,394,038
669,641,478
714,702,995
673,488,244
661.992,069
680,103,661
664,462,891
675,212,794
715,889,005
738,309,549
761,881,809
776,083,031
764,101,947
727,609,388
722,314,883
729,132,634
818,631,793°
973,382,228
1,114,238,119
1,174,290,419
1,230,306,696
1,243,925,969
1,292,568,616
1,252,700,525
1,317,539,143
1,372,170,870
1,380,361,649
1,429,261,270
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
1,837,869,895
1,904,071,881
2,055,150,998
2,175,307,962
2,249, 390,651
2,367,692,169
2,519,142,860
2, 587,882,653
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
37,766,000
38,658,371
39,556,000
40,596,000
41,677,000
42,796,000
43,961,000
45,137,000
46,353,000
47, 598,000
48,866,000
50,155,783
51,316,000
52,495,000
53,693,000
64,911,000
56,148,000
57,404,000
68,680,000
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
80,487,000
81,867,000
83,260,000
Circulation
per
capita.
$13.85
13.98
10.23
17.84
19.67
20.57
18.99
18.28
18.39
17.60
17.61
18.10
18.19
18.04
18.13
17.16
16.12
15.58
15.32
16.75
19.41
2L71
22.37
22.91
22.65
23.02
21.82
22.46
22.88
22.52
22.82
23.42
24. 56
24.03
24. 52
23.20
21.41
22.87
25.16
25.58
26.94
27.98
28.43
29.42
30.77
31.08
NOTE 1.—Specie payments were suspended from January 1, 1862, to January 1,1879. During the
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 that 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 .lanuary 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 5.—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 Governnient.
'
NOTE 6.—This table represents the circulation of t h e U n i t e d States as shown 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.
H . Doc. 9, 59-1
7
98
REPORT ON T H E
FINANCES.
TABLE N.—STATEMENT OF UNITED STATES BONDS AND OTHER OBLIGATIONS
AND ISSUED BY THE OFFICE OF THE SECRETARY OF T H E T R E A S U R Y F R O M
1, 1904, to OCTOBER 31,
1905.
T i t l e of l o a n .
R e c e i v e d for
Received
exchange
for r e d e m p and
tion.
transfer.
5/20S of 1862 ( a c t F e b . 25,1862)
:
5/20S of 1865, M. a n d N . ( a c t M a r . 3,1865)
10/40S of 1864 ( a c t Mar. 3,1864)
Consols of 1865 ( a c t M a r . 3, 1865)
Consols of 1867 ( a c t M a r . 3, 1865)
Consols of 1868 ( a c t M a r . 3, 1865)
F u n d e d l o a n of 1891, 4^ p e r c e n t (acts J u l y 14,
1870, a n d J a n . 20, 1871)
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 . . L o a n of 1904, 6 p e r c e n t ( a c t J a n . 14,1875)
Gold certifi.cates, series of 1888 (act J u l y 12,
1882)
Gold certificates, series of 1900 ( a c t M a r . 14,
1900}
Consols df 1930, 2 p e r c e n t ( a c t Mar. 14,1900). -. $132,947,200
L o a n of 1908-18, 3 p e r c e n t ( a c t J u n e 13,1898). 14,811,080
F u n d e d l o a n of 1907, 4 p e r c e n t ( a c t s J u l y 14,
1870, a n d .Ian. 20,1871)
26,434,750
L o a n of 1925, 4 p e r c e n t ( a c t J a n . 14,1875)
7,066,350
181,249,380
Issued.
KECEIVED
NOVEMBER
Total transactions.
$60
1,000
300
300
5,200
100
$50
1,000
300
300
5,200
100
19,300
1,000
368,200
19,300
• 1,000
368,200
1,510,000
1,510,000
$63,760,000
170,466,250
14,811,080
147,310,000
303,413,450
37,968,460
29,173,060
26,438,050
7,056,350
82,045,850
14,112,700
122,974,800
282,531,730
586,765,910
83,550,000
8,346,300
.99
SECRETARY OF THE TREASURY.
TABLE 0.—STATEMENT
SHOWING T H E AGGREGATE RECEIPTS, EXPENSES,
AVERAGE
N U M B E R O F P E R S O N S E M P L O Y E D , A N D C O S T TO C O L L E C T I N T E R N A L R E V E N U E I N T H E
S E V E R A L C O L L E C T I O N D I S T R I C T S D U R I N G T H E F I S C A L Y E A R E N D E D J U N E 30, 1905.
Collection district.
Alabama
Arkansas
First California
Fourth California
'
Colorado
Connecticut
....
Florida
Georgia
Hawaii
First Illinois
Fifthlllinois
Eighth Illinois
Thirteenth Illinois
Sixth Indiana
Seventh Indiana
Third Iowa
.
Fourth Iowa
Kansas
o Second Kentucky
Fifth Kentucky.'.
Sixth Kentucky
Seventh Kentucky
Eighth Kentucky
:.
Louisiana
Maryland
Third Massachusetts
First Michigan
Fourth Michigan
Minnesota
First Missouri
Sixth Missouri
Montana
Nebraska
New Hampshire
First New Jersey
Fifth New Jerse'y
New i\I exico
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
FirstOhio.
Tenth Ohio
Eleventh Ohio
Eighteenth Ohio
Oregon
First Pennsylvania
o Ninth Pennsylvania
Twelfth Pennsylvania
Twenty-third Pennsylvania.
South Carolina
Second Tennessee
Fifth Tennessee
Third Texas
Fourth Texas
Second Virginia
Sixth Virginia
Washington
West Virginia
First Wisconsin
Second Wisconsin
Total
•-
Aggregate receipts. Cl
$325, 291.21
110, 040. 63
3,379, 073.16
477, 880.04
551, 864.05
1,525, 079.27
950, 370.30
509, 455.13
44, 230.43
6,532, 451.62
34,691, 666.00
9, 940,807.57
727, 777.99
8,509. 593.84
16,142, 650.42
394, 775. 70
476, 304.10
310, 150.38
2.010, 960.89
11,768, 796.03
2,889,332.84
2,726, 766. 64
2,368, 543.30
5,892, 369.46
6,007,417. 82
3,498, 987.41
3,023, 568.97
728, 561.28
1.461. 334.06
7,625. 780.18
935. 557.47
486. 970.40
2.256,071.75
512, 911.61
362, 214. 81
6, 797,966.37
80, 843.96
7,672, 631.84
3,607, 072.49
8,098, 906.95
6,235, 437.81
1,412, 750.71
1,964, 772.40
2,549, 155.75
2,445, 813.13
135, 292. 93
15,218, 405. 94
1,409, 694.48
1,230, 130. 96
1,924, 384.23
698.55
6,103, 228.79
2,962, 325.19
1,475, 623.93
8,654, 992.61
780, 790.87
471, 689.14
1, 305,779.49
441, 894.80
159, 969.00
2,407, 478. 74
1,128, 418.32
708, 130.40
1,182, 704.83
6,487, 942.98
851, 442.12
234,187,976.37
Expenses.
Average
number
Cost to
of persons em- collect$l.
ployed.
1.115
.257
.031
.075
.047
.029
.022
.146 ,
.246
.014
.004
.008
.027
.011
.005
.045
•040 '
-078
."049
.027
.038
.055
.054
.009
.028
.023
.012
.022
.026
.009
.056
.053
.019
.039
.050
.006
.134
.008
.023
.008
.010
.025
.023
.026
.040
.112
.011
.027
.023
.022
.081
.017
.025
.024
.017
.035
.107
.052
.045
.096
.018
.084
.050
.036
.010
.029
$37,259. 60
28,286. 50
104,973.39
35.968.18
26,130.10
44,039.15
21,255.03
73,692. 67
10,862. 63
88, 699.59
154,255.14
75,538.73
19,848.47
92,037.81
87.386.09
17,765.55
19,023.83
24,121.32
• 98,728.66
321,165.23
109,026. 62
160,858. 61
127,660.19
50,890.36
165,482.51
79, 610. 52
35.755. 94
15,865. 23
38,165.44
66,169.88
52, 477.67
25.626.15
42,466. 50
19,925.72
18,161.76
37,474. 65
10,792. 68
57,882. 72
82,781.59
62,420. 64
51,526.62
35, 999.02
46,131.12
65,409.12
98,607. 79
15.166.19
172,228.87
38.680.80
28,836.41
43.197.10
19,224.94
104,495. 89
73, 930. 73
34,780.66
148,650.78
27,176.06
50,533.72
67, 381.47
19.756. 99
15.425.16
43,677.02
94,627.99
36,311.72
42,860. 20
61,768.63
24,466. 66
4,090,284.50
1,318
a 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 abovestated
;
$4,090,284.50
Expenses not included in above
615, Oil. 82
Total expenses for fiscal year ended June 30,1906
4,706,296.32
gpsttp c o l l e c t $ 1 . . , , , , , , . , , , , , , , . ^ , . , . . , . . , . , , , , , . . , , . , , , : , . , . , f , , , , , . , , , . . - . , , , . , , . , , , , . ^
,0?
TABLE P.—STATEMENT OF CUSTOMS BUSINESS FOR THE FISCAL Y E A R ENDED J U N E 30,
V a l u e of e x p o r t s . •
Vessels e n t e r e d . Vessels c l e a r e d .
Districts a n d ports.
Foreign.
Coastwise,
369
367
•Alaska ( J u n e a u ) , A l a s k a
A l b a n y N. Y . - - • A l b e m a r l e ( E l i z a b e t h C i t v ) , N. C.
422
Alexandria, Va
4
-Annapolis, Md
Apalachicola, Fla
47
14.
2
Arizona (Nogales), Ariz
-Aroostook ( H o u l t o n ) , M e
A t l a n t a Ga
'Baltimore, Md
1,565
718
21
12
Bangor Me
15
- B a r n s t a b l e , Mass
17
Bath M e .
5'
Beaufort N C
3
JBeaufort, S. C
5
24
-Belfast, M e
6
Boston a n d Charlestown (Boston)
1,103
1,397
Mass
.Brazosde Santiago(Brownsville;
4
Tex
Bridgeton, N J
1
5
-Bristol a n d W a r r e n , R I
2
B r u n s w i c k , Ga .
103 '"""539'
JBuffalo C r e e k (Buffalo), N . Y
3,304
908
Burlington, Iowa
B u r l i n g t o n , N. J
'Cairo, 111
1,572
•Cape V i n c e n t , N. Y .
483
.7
'Castine, Me
3
C h a m p l a i n (Plattsburg), N. Y
1,596
72 " " ' 4 7 9 '
C h a r l e s t o n , S.C
Chattanooga, T e n n . .
. .
- C h e r r y s t o n e ( C a p e C h a r l e s City),
Va
7,208
117
•Chicago, 111
•- - C i n c i n n a t i , Ohio
Columbus, Ohio . - Corpus Christi, T e x
C o u n c i l Bluffs, I o w a . .
7, i 3 6
96i
O u y a h o g a (Cleveland), Ohio
Foreign.
253
DocuEntries ments
i
ssued
of
m
e
r
Coastt o veswise., c h a n d i s e . sels.
372
3.206
936
16
4
37
2
37
686
23
9
23
2,075
20
2
6
2
36
5
6
1,267
1,287
62,672
4
1,936
i'
2
6
23,380
1,377
8
1,488
12
499
2
1,432
113
2.349
45
23,466
217
241
7,120
37
Aggregate
receipts.
Expenses.
Foreign.
Domestic.
159
53,650
3,846
1,010
24,369,384.72
24,578,214.28
559,387
87,245,106
807,618.36
657
.033
1
331
67
'124
388
61
12
22
127
225
392
202
40
3,605.54
372.84
67.23
7,851.68
674,514.73
6,594. 89
491.99
78.00
9,102.16
682.248.86
176.44
50. 61
47.10
31,985.10
682. 64
658,730. 94
53,839.19
42.73
110,043
302,566
61,621
504,548
9,449,004
25,661,656
40,131.37
1,411.01
34.86
5,959. 74
60,480.30
456.15
206.77
382.26
14,824.04
4,503.34
44,577.14
11,793.68
502.55
31
6
2
6
47
2
2
1
13
6
36
10
2
7.173
2.868
.447
.666
.089
2.585
4.086
8.116
.463
6.597
.080
.219
11.761
1,001.13
244,080.84
38,091.10
9,642.69
34,373.39
266.60
40,934.73
4
172
27
5
26
2
31
200.226
.031
.045
.072
.269
.028
.041
"""47.*i6'
31,676. 66
637.62
557,745.65
63,014.51
413
364 "'7,'956,"855.'36'
30,870
850,014.14
128
3,736
133,504.45
493
124,758.55
2,226
9,465.40
59
979,383. 68
2,890 • " • • 4 5 8 '
5.00
7,964,313. 73
853.720.87
133,715.57
127,891.92
9,473.20
987,091.28
177,827
202,514
6,687,860
42,150
111,274
91,172,908
1,620,778
$0.516
.065
321.388
.951
185.882
2.932
.480
.613
.120
.082
.122
8.050
.399
607.85
3,541.42
1,082.30
$1,073,026
37
10
2
2
2
4
29
15
2
186
17
7
6
2
4
6
-546.00
3,339.43
$120,961.39
231,678.30
$15,139
$69,072.69
15,Oil. 88
1,606.94
1,048. 00
929.41
3,629.46
39,488.44
19,400. 62
3,498.13
271,839. 38
21,861.49
' 3,532.42
6,251.06
1,400.01
3,278.72
2,948.58
916. 05
79.016.01
27,351.21
26,365.13
3,164,536. 50
178,203. 54
248.73
16,432. 68
ii'
6,865
Duties a n d
tonnage tax.
Average
n u m - Cost t o
ber of c o l l e c t
persons
$1.
employed.
$133,990.26
231,909.01
5.00
1,102. 00
5.00
1,237.87
82,315.01
31,662.96
29,164.98
3,314,349.41
179,022.55
438.80
15,675.10
277
241
194
114
332
81
1
3,967
1,477
170
11,559 "'i,*329'
130
17,047
406
55
165
39
228
69
161
41
2
134 '""'454*
3,337
934
i,3s6
1905.
1,035
38,730
159,700
1,650,053
10,359,711
3,358,725
393,764
2,827,094
52,691
8,383,182
272
. 7,533,807
6.394
.833
o
o
Dayton, Ohio
*.
DelaAvare (Wilmington),Del.
Denver, Colo
Des Moines, Iowa
Detroit, Mich
:
Dubuque, Iowa
Duluth, Minn
Dunkirk,N.Y
Eastern (Crisfield), Md
Edgartown, Mass
Erie, Pa
Evansville, Ind
Fairfield (Bridgeport), Conn
Fall River, Mass.
Fernandina, Fla
FrenchmansBay (Ellsworth), Me.
Galena, 111
Galveston, Tex
Genesee (Rochester), N. Y - . - .
Georgetown, D . C . . . :
GeorgetOAvn, S.C
Gloucester, Mass
Grand Rapids, Mich
Great Egg Harbor (Somers Point),
NJ
Hartford, Conn
Hawaii
Humboldt (Eureka), Cal
Huron (Port Huron), Mich
Indianapolis, Ind
Kansas City, Mo
Kennebunk, Me
•.
Key W^est, Fla
Knoxville, Tenn
La Crosse, Wis
Lincoln, Nebr
Little Egg Harbor (Tuckerton),
NJ
'
Los Angeles, Cal
Louisville, Ky
Machias, Me
Marblehead, Mass
Memphis, Tenn
Memphremagog (Newport), Vt. - .
Miami (Toledo), Ohio
Michigan (Grand Haven), Mich. .
Milwaukee, Wis
Minnesota (St. Paul), Minn
Mobile, Ala
Montana and Idaho (Great Falls),
Mont
—
Nantucket, Mass
Nashville, Tenn
33
2,061
2,586
379
4
3,237
56
44
113
76
16
106
18
466
818
9
6
34
4
163
1
1,171
762
240
59
2,653
265
5
'3," 358"
2
116
46
706
36
12
134
20
782
656
264
29
795
276
6
55
40
564
843
1
9
131
29
761
264
1
64
44
242
333
• 188
1,600
6
103
9
1,231
229
349
13
1,664
1
127
123
494
88
23
14
1,810
1,646
1,736
656
568
1,567
4,068
6
9,628
613
1,456
4,406
30
10
132
496
18
216
51
22 I
'"i2'
379
148
46
4
279
716
287
100
947
212
22,648
108
611
16
1,596
8,477
13,464
132
379
136
47
4
279
695
1,662
8,604
13,437
175
1,279
1,601
26
25
258
24,030
452
18
4,036
3,913
952
1,340
143
i93'
273
29
435
14
738
47
123
160
347
116
83
185
5
284
10
69
45
634
160
108
131
37
256
16
24
297
370,830. 72
360,018.08
113, 999. 08
219.27
16,766.13
110,093.33
41,867.10
13,886.33
144,817.01
22,738. 08
1,347,927.08
14,720.06
28,425.99
8,139.42
57.10
461.72
26,781. 22
60,276.61
146,022.92
26,745.23
9,147.61
208.07
12.00
384,899.79
361,671.05
115,676.93
266.79
18,514.63
110,172.86
221,835.31
998,150.07
497.86
301,541.19
166,417.36
257,572. 68
4L69
223,042.66
1,043,340.38
635.86
307,760.89
167,119.51
268,166.10
41,814. 73
13,171.86
143,930.86
22,701.21
1,340,763.27
14,636.81
25,088.76
8,073.40
.70
179.02
24,620.63
50,214.43
146,592.63
26,484.29
7,779. 20
46.07
77'
221
439
44
266
11
34
59
102,224
26,466,078
3,271
783,269
96,403
4,649
7i 874,104
96,453
126,085,690
948,740
56,117
80,936
1,116
64,768
140.441
12,939,486
18,146
656,126
6,243.26
479,026.37
4,153.06
25.64
6,243.26
311,309.44
125,967.12
365. 94
4,824. 78
61,349.03
288,791.84
52,850.87
6,377.90
610,283. 35
954,790.44
49,091.47
313,370. 38
371,991.87
701.98
5,077.49
61,609. 24
292,558.48
54,220.53
6,470.61
613,666.58
960,890.39
57,767.13
291
248,839. 61
261,263.23
ie.780.03
ie.898.68
463,291.45
4,145.87
61
36
76
73
221
76
129
""'3,'586," 425*
416
4,783
6,274
10,057
2,070
. 3,074
2,731,301
348,426
151,112
207,180
1,757,207
18,071,982
1,244
346,914
526,537
1,363
2,922.99
9,319.76
11,636.35
1.231.73
87,338.02
424.30
14,990.75
1.412.74
2.402.18
2.762.71
5,848.79
3,007.24
11,034.65
4.065.69
2,476.05
3,584.90
403.86
62,707. 68
21,699. 74
13,561. 36
683.50
17,924.86
7,395.56
2
9
6
2
69
2
13
2
3
4
4
2
8
3
3
6
1
45
17
8
3
13
2
.070
.671
.080
.064
.066
.029
.527
.174
42.070
5.984
.227
.060
.076
.162
.271
17.229
33.665
.163
.060
.117
2.187
.968
.067
1,115.26
11,837.68
95,881.92
2,806.39
61,080.09
11,248.13
15.067.64
96.17
35,446.44
696.38
363.42
1.733.70
2
6
67
1
56
6
8
2
27
1
2
2
26.816
.053
.092
4.414
.198
.072
.058
303.25
22,903.94
16,391.78
4,299.77
2,197.13
6,729.43
46, 623.77
9,353.22
9,316.81
22.608.85
50.382.65
18,520.85
1
16
9
6
3
4
41
7
14
23
35
16
.073
. .044
6.125
.433
.111
.159
.173
1.440
.037
.052
.321
32,309.40
370.66
2, 617. 69
17
1
2
.155
.074
.143
14.229
.278
.129
TABLE P.—STATEMENT OF CUSTOMS BUSINESS FOR THE FISCAL Y E A R ENDED J U N E 30, 1905—Continued.
Vessels e n t e r e d . Vessels c l e a r e d .
Districts a n d ports.
N a t c h e z , Miss
Newark, N. J
N e w B e d f o r d , Mass
Newburyport, Mass
•
New Haven, Conn
New London, Conn
New Orleans, L a
Newport, R. I
Newport News, V a .
New York, N . Y
Niagara (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 (Pemb i n a ) , N. Dak
Omaha, Nebr
Oregon (Astoria). Oreg
Oswegatchie (Ogdensburg), N. Y.
Oswego, N. Y
Paducah, K y
Pamlico ( N e w b e r n ) , N. C
P a s o d e l N o r t e (El P a s o ) , T e x
P a s s a m a q u o d d y ( E a s t p o r t ) , Me -P a t c h o g u e , N . Y^
P e a r l R i v e r ( G u l f p o r t ) . Miss
Pensacola, Fla
".
-..
P e o r i a , 111
Perth Amboy,N.J
Petersburg, V a
. ..
Philadelphia P a .
Pittsburg, P a
Plymouth, 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 (Portl a n d ) , Me
Porto Rico
Portsmouth, N . H
•
P r o v i d e n c e , R. I
Puget Sound (Port Townsend),
Foreign.
Coastwise.
89
23
49
4
4
47 '"'*746"
27
19
362
1,087
3
8
742
82
2,866
4,061
692
851
74 . 1.971
Foreign.
141
5
57
2
5
20 " " ' 7 4 9 . '
34
6
1,157
298
1
6
352
247
3,552
3,484
829
723
1,748
150
4
537
42
14,728
249
2.525
635,754
25,748
138
137
14
241
209
369
142
427
5,075
38
1,936
280
643
2
1,017
741
1,291 " " d i d
4,758
605
28
8,020
605
666
16'
16
50
882
1.195
1,053
1
393
713
130
700
118
365
263
81
124
418
325
45
71
1.029
69
129
395
1,165 " i , ' 0 4 9 '
89
370
1,082
1
7
11
» 45
. V a l u e of e x p o r t s .
DocuEntries ments
Coast-, c hofa nmd ei sr e- . i s s u e d
t o veswise.
sels.
90'
47
23
53
244
1,606
5,375
1,714 ' " " ' 2 6 7 '
360
409
18
178
108
12
197
635
983
10
1,581
1,064
33, 806
2,480
9"
3
44
Duties a n d
tonnage tax.
Aggregate
receipts.
$118,172.46
36,399. 99
659.65
100,786.53
10.179.69
5,461,144.72
41,885.91
407.688.81
172.680,741.04
323,692. 56
$121,222.32
41,352.64
758.10
101,953.66
10,491.93
5,491,270.35
42,030.24
413,059.11
174,574,127.16
339,774.09
• Expenses.
Foreign.
• Domestic.
1,050,689
51,688
149,886, 358
14,034
13,658,806
1,668,586
16,759,319
511,067,199
12,930,019
$500.00
11,831.51
6,225.39
649.45
9,726.21
5,371.73
283,604.65
3,667.67
44,616.83
3,683,846.73
65.180.46
$797,400
$245,682
36,445
Average
n u m - Cost t o
b e r o f collect
persons
$1.
employed.
2
6
5
2
7
5
234
4
42
2,661
63
$0.098
.151
857
.095
.512
052
.087
108
.021
.192
50,728. 39
55,181. 39
14,230
7,640,580
12,185. 90
9
.221
109, 654.86
72.914.70
13,009.03
290,211.64
142,194.23
114,866.03
73,073.70
13,771.24
290,565.79
142,409. 38
74,444
15,328,466
29,420
5,630
14,000
5,445,623
2,822,472
1,607.54
143,499.19
138,360.09
66,296
69,424
7,140,811
750,728
12.466.71
28', 048.81
47,594. 37
122,907.15
20,818.91
18,907,963.55
688,496.64
1,006.24
15,809.52
31,339.40
47,046. 99
126,356.92
23,272.98
19,005,414.00
689,562.73
1,027.24
2,000
6,224,280
16,340,265
17
4
12
26
13
2
5
44
21
2
7
13
2
6
6
541
14
2
2
.212
105
1.031
.105
.116
382.95
130,065. 64
136,175.11
24.301.62
7,671.64
14,198. 65
30,612.26
16,588.81
450. 05
6,130.08
60,658. 68
24.492.47
474.90
10,086.96
14.139.77
3; 417.91
9,077.87
7,835.85
576,051.01
24,229.95
1,417.89
12.00
34
63
6
15
106
1,460,672
130,814
93,501
63,184,569
13,933,979
2,721,683
276
424
9
36
391
180
1
547
226
421
11
33
394
180
2
300
1, 702
3,674
9
' 1,494
325
74
58
199
197,605.20
733,134.84
386.83
399, 774. 61
203,434.80
745,275.95
537.21
400,744.14
357
354,737
100
26,631
48,921.29
60,096.06
4,595.19
20,392.04
1,921
• 622
2,040
547
12,472
1,246
764,191. 60
814,840. 56
268,352
43,574,821
146.393.44
3.813
.423
.177
.636
.451
. 072
.072
.337
030
.035
1 380
.240
.081
8.554
.051
. 180;
R i c h m o n d , Va
R o c k I s l a n d , 111
Saco, M e
Sag H a r b o r , 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 , Mo
St. L o u i s , Mo
S t Marks (Cedar Keys), Fla
St. M a r y s , Ga
Salem and Beverly (Salem), Mass.
S a l t L a k e City, U t a h
Saluria (Eagle Pass), T e x
S a n Diego, Cal
100
Sandusky, Ohio
-,- - 611
S a n F r a n c i s c o , Cal
511
S a v a n n a h , Ga
106
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 ) , Oreg
S p r i n g f i e l d , Mass
Stonington, Conn
Superior (Marquette), Mich
1,956
Syracuse, N . Y
Tampa, Fla
*'i53'
Tappahannock, Va
Teche (Brashear), La
Vermont (Burlington), Vt
174
V i c k s b u r g . Miss
W a l d o b o r o , Me
W h e e l i n g , W. V a
W i l l a m e t t e ( P o r t l a n d ) ,Oreg
Wilmington, N.C
Wiscasset, Me
Y a q u i n a , Oreg
Y o r k , Me
"si'
Total -
369
18
203
258
485
6,803
1
17
114
1,978
436
651
33
5
2,333
423
377
32,977
246
11
6, 946
99
639
504
211
11
1,757
336
242
90
6
265
26,439
78'
341
78
44
40
33, 642
3,465
23
26
796 1,031,
A m o u n t of e x p e n s e s reportied b y c o l l e c t o r s , as a b o v e .
Expenses not included in above
Total
Cost to c o l l e c t $1
330
15
1,771
498
8,121
80
366
96
2
40
83,849
7,052
*"i99"
163
276
1
46
13
1.942
795
547
121
141
18
237
55
141
5
158
45
10
77
1,162
169
100
184
162
281
264
23
45
343
189
126
114
111
13
6
32,010
80, 713. 62
11.76
22, 218.16
42, 633.87
70, 007.01
2, 386, 262.69
2, 972.76
4.33
1. 211.75
3, 587.00
48. 649.04
52, 467.91
2, 451.18
7,406, 535.09
35, 638.05
4, 682.40
24.60
49, 055. 89
3, 790.04
95, 023.16
56, 717.27
1,641, 989.67
5.62
646,733.39
" "i,'6i6."86"
630,864.28
3,193. 01
369.83
790.17
111.09
26.71
12.95
22, 407.26
43, 979. 21
70, 164.80
2,404, 206.18
3, 168.98
7.23
631.10
783.39
66, 376.50
= 53, 463.39
2, 669.20
, 462, 452.26
37, 680.07
4, 829. 05
29.60
316.34
883;90
479.15
56, 962.06
1,66i; 043.60
6.62
87.48
652 897.06
2,029.21
94.94
636,971.31
4,698.07
726.83
1,300
385,275
1,208,196
3,247
7,296
922,966
660
4,320,699
313,238
346,690
49,001,060
62,244,187
i,500
2,376
5,143,997
8,949
1, 789,849
1,738,511
10,144,517
5,981
9,830
7,713,075
17,481,666
1,121
2.60
262,793,402.99
265,987,464. 61
26,817,026 1,491,744,641
5,617.89
741. 60
484.65
877.22
2,317.93
6,694. 64
6,649. 64
224,215. 63
1,608. 62
606. 81
5,868. 66
1,249.99
45,504. 64
20,042. 92
4,281. 02
482,438. 65
11,964.76
648.10
1,252.13
4,744.46
1,097.54
34,821.46
7,342.41
40,449. 34
702.75
3,069.20
72,706.15
513.65
6,891. 76
624.50
60,042. 21
6,511.77
3,308.60
1,040.76
253.67
6
.070
6.676
2
2 18.145
4 67.739
.103
2
.152
4
.081
3
.093
187
.508
3
1 83.929
3.598
6
.330
2
.807
33
.376
13
1.604
9
.066
319
.318
9
.134
2
2 42.302
.096
3
.283
2
.361
36
.129
4
.024
29
2 125.044
3 35.086
.111
65
1
3.396
7
6.678
2
.094
36
1.416
5
4.652
3
2
1 101.468
1,901,629.16
Ui
o
pi
>
pi
Ki
O
hcj-
w
f^
pi
fej
>
cl
in
Pi
Kt
$8,901,629.16
127,204.40
9,028,838.56
.034
O
OO
APPENDIX TO THE REPORT ON THE FINANCES.
105
REPORTS OF HEADS OF BUREAUS.
REPORT OE THE TREASURER.
TREASURY DEPARTMIENT,
O F F I C E OF THE TREASURER,
Washington, D . C , Octoler 16, 1905.
SIR: The transactions of the Treasury of the United States for the
fiscal year ended June 30, 1905, and its condition on that and subsequent dates, are presented in the annexed tables.
REVENUES AND EXPENDITURES FOR 1 9 0 4 AND 1 9 0 5 .
The net revenues (exclusive of the Post-Office Department) for the
fiscal year 1905 were $544,274,684.85 and the net expenditures $567,278,913.45. The excess of expenditures over revenues was $23,004,228.60. The revenues show an increase of $3,642,935.45 as compared
with the preceding year, and the expenditures a decrease of $15,123,407.86. The variations of the items in detail for the two j^ears appear
in the following table:
REVENUES AND EXPENDITURES FOR FISCAL YEARS 1904 AND 1905.
Account.
1904.
1906.
$261,274,564.81
232,904,119.45
7,453,479.72
38,999,585.42
$261,798,856.91
234.095,740.85
4,859,249.80
43,520,837.29
540,631,749.40
544,274,684. 85
11,467,919.96
21,476,624.78
5,329,699.71
4,191,449.47
123,199,502.01
7,100,346.83
14,012,160.16
115,035,410.68
102,956,101. 56
10,438,350.09
142,559,266.36
24,646,489.81
10,894,153.25
23,430,412.35
6,034,922.00
2,621,816.18
81,837,075.06
7,366,365.40
15,767,805.41
122,176,074.24
117,550,308.18
14,236,073. 71
141,773,964. 57
24,590,944,10
682,402,321.31
567,278,913.45
41,770,57L91
23,004,228. 60
Increase.
Decrease.
REVENUES.
Customs
Internal revenue
Lands
Miscellaneous revenue
Total
Net
$524,292.10
1,191,621.40
4,621,251.87
6,237,165.37
3,642,935.45
$2,594,229.92
2,594,229.92
EXPENDITURES.
Commerce and labor
Customs
Internal revenue
Diplomatic .
Treasurv nroner
Judiciary
Interior civil
War Department
Navv Department
Indians
-Pensions
Interest
TotalNet
Deficit
1,954,787.67
266,018.57
1,756,645.25
7,139,663.66
14,594,206.63
3,797,723.62
563,766.71
• 294,777.71
1,669,634.29
41,362,426.96
785,301.79
66,545.71
29,508,045. 30
44,631,453.16
15,123,407.86
107
108
REPORT ON T H E FINANCES.
Excluding the extraordinary expenditure in 1904 on account of the
Panama Canal, the last fiscal year was the first in the past six years in
which the expenditures exceeded the revenues.
It is quite impracticable to adjust annually the Government revenues to its expenditures, because the increasing growth of the country
demands larger disbursements.
We are fortunate in that our available cash balance October 2,1905,
of $136,823,692.85, largely the accumulation of former 3^ears, is deemed
adequate to meet the demands upon the Treasur}^ for some time to
come, until thepresent increasing revenues equal the outgo.
REVENUES AND EXPENDITUJIES, FIRST QUARTERS OF 1 9 0 5 AND 1 9 0 6 .
The revenues and expenditures for the first quarter of 1906 show, as
compared with the same period a year previous, an increase of
$8,980,262.73, and the expenditures are greater by $697,889.29.
A comparison by items for th^ two quarters is recorded in the
annexed table:
Account.
1906.
1906.
Increase.
Decrease.
REVENUES.
Customs -.
Internal revenue
Miscellaneous and public lands ..
Total
Net
$66,131,784.46
58,951,813.63
13,950,864. 28
$75,015,578.10
61,442,792.92
10,556,354.08
$9,883, 793. 64
2,490,979.29
138,034,462.37
147,014,725.10
12,374,772.93
8,980,262.73
31,153,961.92
33,414,901.17
31,619,750.10
3,000,720.57
36,875,359.79
13,794,395.16
6,031,988.67
33,373,843. 60
28,231,635.39
30,176,442.11
3, 919,201.23
37, 515,852.93
17,485,593.75
5,886,397.66
2,219,881.68
166,891,077.37
156,688,966.66
17,856,616.00
9,674,241.56
$3,394,510.20
3,394,510.20
EXPENDITURES.
Civil and miscellaneous
War
Navy
Indians
Pensions
Public works:
Interest
Total
Net
Excess of expenditures
9i8,480.66
' 640,493.14
3,691,198.60
7,470,054.08
697,889.29
RECEIPTS AND DISBURSEMENTS ON ACCOUNT OF THE
5,183 265.78
1,443,307.99
146,591.02
6,772,164.79
POST-OFFICE
DEPARTMENT.
'As shown b y t h e warrants issued, the receipts on accountof the
Post-Office Department for 1905 were $159,694,926.45 and the disbursements $174,594,933.23, of which amounts $104,669,242.06 was received
and expended directly by postmasters. To cover the deficit $15,081,688.45 was drawn from the appropriation made by Congress. There
was an increase of $15,208,385.58 in the receipts and of $23,041,798.14
in the expenditures, as compared with the preceding year.
TRANSACTIONS IN THE PUBLIC DEBT.
The receipts and disbursements on account'of the public debt during
the fiscal year 1905, as compared with the preceding twelve months,
show a decrease of $39,560,263.50 in receipts, and an increase of
$11,822,397.05 in disbursements.
109
TREASURER.
The comparison follows:
RECEIPTS AND DISBURSEMENTS ON ACCOUNT OF THE PUBLIC DEBT FOR 1904 AND 1905.*
Account.
1904.
1905. .
Increase.
Decrease.
RECEIPTS.
United States bonds
United States notes
National-bank notes
Gold certificates
Silver certificates
$22,769,400.00
122,680,000.00
26,410,205.00
214,770,000.00
312,676,000.00
$2,750.00
126,530,000.00
22,557, 927.50
194,710,000.00
316,300,000. OC
Total
Net
Premium on consols of 1930
699,205,606.00
660,100,677.50
Asrsfresrate
$3,850,000.00
3,724,000.00
7,574,000.00
456,336. 00
699,660,941.00
660,100,677.50
41,387,540.00
1,990.75
122,680,000.00
6,265,000.00
30,936,971.00
129,589, 300..00
306,806,000.00
603,090.00
2,140.80
126,530,000.00
3,565,000.00
25,857,368.00
171,420, 600.00
321,511,000.00
637,666,801.75
649,489,198.80
61,638,803.25
10,611,478.70
$22 766 650 DO
3,852 277 50
20,060,000.00
46,678,927.50
39,104 927 50
456,336.00
39,560,263.50
DISBURSEMENTS.
United States bonds . . .
Fractional currency
United States notes
Treasury notes of 1890.
National-bank notes
Gold certificates
Silver certificates
Total
Net
Excess of receipts
Premium on bonds exchanged . - Aggregate
40,784,450.00
iso. 05"
3,850,000.00
41,831,300.00
14, 705,000.00
60,386,450.05
11,822,397.05
48,664,053.00
50,927,324.55
1,257,678.01
638,924,379.76
2,700,000.00
6,079,603.00
1,257, 678.01
649,489,198.80
10,664,819. 04
PUBLIC DEBT, 1 9 0 4 AND 1 9 0 5 , AND FIRST QUARTER OF 1 9 0 6 .
The aggregate amount of the public debt, including certificates and
Treasury notes offset by an equal amount of cash in the Treasury,
June 30, 1904, was $2,264,003,585.14, and a t t h e close of the last fiscal
year $2,274,615,063.84, an apparent increase of $10,611,478.70. The
items of increase were' the funded loan of 1907, $2,450 (caused by a
redemption of $300 and the conversion of $1,410 in refunding certificates with accrued interest of $1,340), and gold certificates $23,289,400,
while reductions are recorded in the following accounts: Refunding
certificates, $1,550; matured loans, $600,675; old demand notes, $565;
national bank notes (redemption account), $3,299,440.50; fractional
currenc}^, $2,140.80; silver certificates, $5,211,000, and Treasury notes,
$3,565,000.
^
•
^
'
'
The apparent increase in the total debt in the first quarter of 1906
was $12,646,607, which is practically covered by the increased volume
of certificates for which gold and silver coins are held in the Treasury.
110
REPORT ON TI-IE
FINANCES.
Comparisons may be made from the figures for the past two years
and a quarter in the subjoined table:
PUBLIC DEBT, 1904
Rate.
Interest-bearing debt: P.ct.
2
Consols of 1930
3
L o a n o f 1908-1918..
4
F u n d e d l o a n of 1907
4
R e f u n d i n g certificates.
L o a n of 1925
AND 1905,
J u n e 30, 1904.
J u i i e 30, 1905.
S e p t e m b e r 30,
1905.
After A p r . 1,1930 -After A u g . 1,1908.luly 1,1907
Convertible
$542,909:960.00
77,135,360. 00
1.56,593,150.00
29,080. 00
S542, 909,950. 00
77,135,360.00
156,595, 600. 00
27,530.00
$542,909, 950.00
77,135,360. 00
156,596,400.00
27,070. 00
Feb.1,1925
On d e m a n d
do
do
do
do
Total
Certificates a n d n o t e s
issued o n d e p o s i t s of
coin a n d b u l l i o n
(trust funds,
act
M a r . 14, 1900):
Gold certificates
Silver c e r t i f i c a t e s . .
T r e a s u r y n o t e s of
• 1890.
On d e m a n d
do
.. .do
Total
Aggregate
1906.
Wben payable.
Total i n t e r e s t bearing debt.
Debt bearing no interest:
Matured loans
Old d e m a n d n o t e s .
U n i t e d States notes
National-bank
notes.
F r a c t i o n a l currency.
AND FIRST QUARTER OF
118,489,900. 00
118,489,900.00
118,489,900. 00
895,157,440.00
895,158,340. 00
895,158,680.00
1, 970,920. 26
53,847.50
346,681,016.00
35, 526, 542. 50
1,370,245. 26
53,282. 50
346,681,016.00
32,227,102.00
1, 256,405.26
53,282.50
346,681,016.00
33.385. 209. 00
6,869,249. ^^
6,867,109.08 |
1
6,867,109.08
391,101,576.14
387,198,754.84 1
388.243,021.84
494,290,569.00
470,476,000.00
12, 978,000. 00
5.17,579,969.00
465.265,000. 00
9,413,000.00
520,047,969.00
475,017,000. 00
8,795,000.00
977,744,669.00
992,257, 969.00 ! 1,003,859,969.00
2,264,-003,585.14
2,274,615,063.84 ! 2.287.261.670.84
RESERVE AND TRUST FUNDS.
There were redeemed during the fiscal year 1905, through the reserve
fund. United States notes to the amount of $11,517,579 and Treasury
notes of 1890 for $340,675. The transactions were more in the nature
of exchanges than a desire of the holders of these notes for gold. The
redeemed notes were immediately exchanged for gold, so that the
reserve fund has been kept identical in volume and character.
The trust funds, as per statement of the public debt for June, 1905,
show a net increase of $14,513,400 as compared with the amount held
twelve months earlier. The volume of transactions in this account is
shown in the annexed statement:
Outstanding
J u n e 30, 1904.
Gold certificates
Silver certificatesTreasurynotes
Total.. .
. . . .
F i s c a l y e a r 1905.
Issued.
Outstanding
• R e d e e m e d . J u n e 30,1906.
$494,290,669
470,476,000
12,978,000
$194,710,000
316,300,000
$171,420,600
321.511,000
3,565,000
$517,679, 969
465,265,000
9,413,000
977,744,569
511,010,000
496,496,600
992,257,969
Ill
TREASURER.
On June 30, the close of the fiscal 3'ear, from the revised figures
(which include $210,000 in gold certificates that had been issued but
not reported in time to be embodied in the public debt statement for
June), the reserve and trust funds were:
RESERVE FUND.
Gold coin and bullion in division of redemption
$150, 000, 000
TRUST FUNDS.
[Held for tbe redemption of tbe notes and certificates for whicb they are respectively pledged.]
DIVISION O F REDEMPTION.
Gold coin
Silver dollars
Silver dollars of 1890
1517,789,969
465, 265, 000
9, 413, 000
Total
992, 467, 969
DIVISION OF ISSUE.
Gold certificates outstanding . . .
$517, 789, 969
Silver certificates outstanding
465,265,000
Treasury notes outstanding
9, 413, 000
Total
STATE O F T H E T R E A S U R Y — G E N E R A L
992, 467, 969
FUND.
An excess of expenditures over revenues is the record of the nation's
income and outgo for the fiscal year 1905, and as a result the available cash balance in the general fund at the close of the year was
$145,477,491.89, a reduction of $26,574,076.13 as compared with that
of twelve months before. The cash in the vaults belonging to the
general fund shows an increase of $11,930,787.28 only, and this, too,
after the pa3^ment of three calls on the depositar}^ banks, withdrawing
$36,657,300 of the public moneys that were on deposit June 30, 1904.
The public moneys on deposit in national banks June 30,1905, were,
to the credit of the Treasurer of the United States, $65,084,246.87,
and to the credit of disbursing officers, $8,673,109.78. In the treasury of the Philippine Islands public moneys were held at the close of
the fiscal year 1905 as follows: To the credit of the Treasurer of the
United States, $925,893.49", and to the credit of disbursing officers,
$1,898,575.91.
A comparison of the various items of assets and liabilities in the
general fund for three periods, June 30, 1904, and 1905, and October
2, 1905, may be observed in the table following:
GENERAL F U N D — C A S H IN THE VAULTS.
[From revised statements for June 30, 1904 and 1905.]
Kind.
June 30,1904.
June 30,1906.
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
:...
$37,208,252.60
28,975;470.00
18,101,779.00
9,337,302.00
2,402,998.28
12,921,591.00
75,943.00
16,207,268.88
11,533,678.15
200.66
755,791.02
802,430.04
579,220.00
966,529.00
400,292.00
297,587.83
260,319.00
140,982.00
690,957.31
386,482.03
99.11
926,153.55
Total,,,.,,,,,,,.
137,520,264.69
149,451,051.87
October 2,1905.
$64,879,823.71
48,451,990.00
4,979,964.00
5,043,693. 00
3,082,522.72
10,342,090.00
30,142.00
16,101,921.00
9,706,256.00
88.02
602,146.31
163,220,636.76
112
REPORT ON T H E
FINANCES.
GENERAL F U N D — C A S H IN THE VAULTS—Continued.
J u n e 30,1904.
J u n e 30,1905.
O c t o b e r 2,1906.
I n national-bank depositaries:
To c r e d i t of t b e T r e a s u r e r of t h e U n i t e d S t a t e s . . . $102,290,863.64
8,435,389.85
To c r e d i t of d i s b u r s i n g officers
$66;084,246.87
8,673,109.78
•$55,483, 728.66
9,134,855. 78
73,757,356.65
64,618,584.44
925,893.49
1,898,575.91
67,261.40
2,137,207. 25
1,798,662.75
36,997.90
Kind.
• Total- •-- 110,726,253.49
I n t r e a s u r y of P h i l i p p i n e I s l a n d s :
3,516,709.89
T o c r e d i t of t h e T r e a s u r e r of t h e U n i t e d States - - 2, 629,897.02
To c r e d i t of U n i t e d S t a t e s d i s b u r s i n g officers
58,152.70
Awaiting reimbursement, bonds and interest paid - - Total
Aergreerate :
-
Liabilities:
National b a n k 5 per cent fund
Outstanding checks and warrants
D i s b u r s i n g officers' b a l a n c e s
Post-Office D e p a r t m e n t a c c o u n t
Miscellaneous items
'.
Total
Available cash balance
116,931,013.10
76,649,087.45
68,591,452.34
254,451,277. 69
226,100,139.32
231,812,089.10
16,556,027.67
6,312,189. 76
43,234,221.94
8,319, 669.00
7,977,601.30
17,133,471.22
6,545,116.98
43,291, 533.54
7,255,066.57
7;397,459.12
18,089,656.95
10,090,035.26
58,377,906.04
6 244 802.59
2,185,996.42
82,399,709.67
80,622, 647.43
94,988,396.25
172,051,568.02
145,477,491.89
136,823,692.85
AVAILABLE CASH BALANCE.
Since July 1, 1890, the available cash balance has undergone many
changes, varying with the general conditions attending the ratio of
the revenues to the expenditures of the Government. The monthly
cash balance (including the gold reserve) at the end of Januaiy, 1894,
was $84,082,098, while at the end of September, 1903, it had reached
a maximum at $389,417,184.
The amount of the available cash balance (including the gold reserve)
in the Treasury at the end of each month from January, 1900, will be
found in Table No. 32, page 190, of the appendix; and for Julj^ 1, in
each year since 1890, may be studied in the annexed table:
AVAILABLE CASH
BALANCE (INCLUDING THE RESERVE F U N D ) ,
STATEMENTS, ON THE DATES« NAMED.
FROM THE
REVISED
, Available cash balance.
Date.
Reserve fund.
J u l y 1—
1890
1891
1892
1893
1894
1895
1896
1897..
1898
1899 .
1900
1901.
1902
1903
1904
1906
O c t o b e r 2,1906.
. .
.
.
.
....
$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
160,000,000
150,000,000
160,000,000
150,000,000
150,000,000
160,000,000
150,000,000
Balance.
Total.
$79;259,837.18
56^ 847,826.49
29i182,494.70
24,824,804.94
18,885,988.16
96^ 348,193.17
169,637,307.07
144,466,201.95
109,282,643.13
184,488,616.20
156)827,605.37
178,406,798.13
212;187,361.16
238;686,114.23
172,061,668.02
146,477,49L89
136,823,692.85
$179,259,837.18
166,847,826.49
129,182,494.70
124,824,804.94
118,886,988.16
196,348,193.17
269,637,307.07
244,466,201.95
209,282,643.13
284', 488,616.20
306,827,605.37
328,406,798.13
362,187,361.16
388,686,114.23
322,051,668.02
295,477,491.89
286,823, 692.85
113
TREASURER.
GOLD IN THE TREASURY.
The remarkable increase in the Treasury holdings of gold from
$423,577,971.68, July 1, 1900, to $706,592,399.04, July 1, 1905, has
given stabilit}^ to our currenc}^, and has apparently caused little
demand from the holders of paper mone}^ for that metal. Gold certificates are preferred by the public at large, and for this reason there is
a constant increase in the amount of gold coin held in the trust funds
against the growing volume of gold certificates outstauding.
By October 9, 1905,^ the gold in the Treasury had attained a maximum at $739,898,600.36, an increase of $316,320,628.68 since Julv 1,
1900.
The total gold in the Treasuiy on July 1 in each year from 1897,
set apart for the respective uses, was as here stated:
G O L D I N T H E TREASURy.
Date.
July
July
July
July
July
July
July
July
July
Reserve.
1,1897
1,1898
1,1899
1, 1900
1,1901
1,1902
1,1903
1, 1904
1, 1905
$100,000,000
100,000,000
100,000,000
150,000,000
150,000,000
150,000,000
150,000,000
150,000,000
150,000, 000
For certificates in
circulation.
$37,285,339
35,811,589
32,655,919
200,733,019
247,036,359
306,399,009
377,258,659
465,655,099
485,210, 749
General fund
(belonging to
Treasury).
Total.
$41,363, 988.57
67,752, 727.90
151,104, 414.92
72,844, 962.68
97,811 938.42
103,801 290.97
104,1.62, 230.43
66,183 722.60
71,381 650.04
$178,649, 327.57
203,664, 316.90
283,760, 333.92
423,577, 971.68
494,848, 297.42
560,200, 299.97
631,420, 789.43
681,838, 821.60
706,592, 399.04
RECALL O F PUBLIC DEPOSITS FROM NATIONAL-BANK
DEPOSITARIES.
For the past two years the expenditures of the Government haye
been in excess of the revenues to the aggregate amount of more than
$64,000,000, and as it was apparent that this continued demand upon
the cash in the Treasury offices would reduce the working balance in
the vaults below the limit that prudence required should be held, the
Secretary of the Treasury withdrew from the depositaiy banks a part
of the public moneys deposited with them.
During the last fiscal year calls were issued which the banks paid
promptly as follows:
November 21, 1904, payable January 15, 1905
November 21, 1904, payable March 15, 1905
April-7, 1905, payable May 15, 1905
April?, 1905, payable July 15, 1905
Total
:
.'
-
|8,999,000
13,489, 300
14,169,000
14,659,500
51,316,800
The recall of so much money from circulation had no appreciable
effect in business circles, as a large part of it, owing to Treasury conditions, soon found its way back into the arteries of trade.
BONDS HELD AS SECURITY FOR NATIONAL BANKS.
The organization of 489 new national banks during the fiscal year
1905 was in keeping with the movement inaugurated shortly after the
enactment of March 14, 1900, that called for the deposit of United
States bonds to secure circulation. The bonds deposited on this
account have increased $52,050,250, as compared with the holding of
a year previous, while those to secure public deposits have decreased
$39,578,600.
H. Doc. 9, 59-1
8
114
REPORT ON T H E FINANCES.
The consols of 1930 held on both accounts amounted to $494,948,000
July 1, 1905, which is 91 per cent of the entire volume of the consols.
The kinds of bonds held appear in the following table:
BONDS H E L D FOR NATIONAL BANKS, CLOSE OF JUNE, 1904 AND| 1905, AND SEPTEMBER
30, 1905, AND CHANGES DURING 1905. 1
Kind of bonds.
TO SECURE CIRCULATION.
Consols of 1930
:.
Loan of 1908-1918
Funded loan of 1907..
Loan of 1925
Loan of 1904
Held June Held Sept.
Rate H'^l^^J^P®
^'^^^1904.
^3:^.^® during
.a-^^.P*^^^^*^^^
30, 1906.
1906. ^^^^^^"^^^1^?
during 1906. 30,1905.
30, 1903. •'^30,
P. ct.
2 1367,123,960 $408,163,660 ;80,415, 700 $40,885,900 $447,693,450
3,374,440
6S1,500
3
2,366,820 1,815,440 2,240,500
1,184,750 12,907,550
3,375,600 4,215,500 9,876,800
4
255, 500 4,091,500
1,570,100 1,822,100 2,524,900
4
632,400
375,068,770
Total -
95,057,900
43,007, 650 468,066,940
TO SECURE DEPOSITS.
Consols of 1930
Loan, 1908-1918
Funded loan of 1907..
Loan of 1926
Loan of 1904
District of Columbia- state and city
Philippine loans
Territory of Hawaii
bonds
Railroad bonds and
various securities. -.
Total
4
4
5
3.65
(«)
4
130,000
6,228,000
1,072,000
(a)
(«)
6,090,900
2,495,500
6,896,100
1,122,600
96,680,800 79,964, 550
6,489,420 5,784,400
6,280,700 7,820,050
8,977,750 8,321,050
100,000
3,941,450
895,000
810,000
17,290,900 3,676,500
2,971,000 5,270,000
148,000
3,102,500
142,442,020 112,902,550
25,213,600
39,933,800
2,898,200
6,169,250
4,638,450
375,000
3,676,500
7,137, GOO
I
278,000
11,000
64,016,200
46,121, 650
5,381,700
8,546,900
4,860,200
100,000
650,000
4,361,000
942,000
3,091,500
74,054,950
BONDS HELD BY THE ASSISTANT TREASURER OF THE UNITED STATES AT NEW YORK.
2
Consols of 1930
:..3
Loan of 1908-1918
4
Funded loan of 1907 - 4
Loan of 1925
5
Loan of 1904
District of Columbia- - - 3.65
(a)
State and city
$7,152,400
525,600
44,000
1,517,000
292,000
879,000
$3,291,900
728,100
285,000
1,737,000
$3,104,000
1,950,000
1,931,000
1, 742,000
$5, 263,000
1,106,000
1,157,000
2,270,doo
$1,132,900
1,572,100
1,059,000
1,209,000
1,039,000
696,000
376,000
732,000
1,002,000
375,000
10,410,000
7,081,000
9,797,000
10,528,000
6,350,000
ct Various,
NATIONAL BANKS, BY GROUPS,
i
The extension of banking facilities through the national banks keeps
in close touch with the growth of the countiy. | There are 5,782
national banks that have bonds on deposit to secui'e circulation, and
837 to secure public moneys; if grouped according to the amounts
pledged, they form an attractive study.
The details are compared in the annexed tables: :
NATIONAL BANKS, BY GROUPS, ACCORDING TO DEPOSITS OF GOVERNMENT BONDS TO
SECURE CIRCULATION.
I
1
Amount.
Number having on deposit—
$10,000,000 or more
';
$5,000,000 or more but less than $10,000,000
$1,000,000 or more but less than $5,000,000
$600,000 or more but less than $1,000,000
$100,000 or more but less than $500,000
$50,000 or more but less than $100,000
$25,000 or more but less than $50,000
$6,250 or more but less than $26,000
Total
: . - : '.
•
1902.
1903.
1904.
1906.
2
26
47853i
1,193
932'
i;50l|
5
27
56
1,016
1,234
971
1,705
1
3
33
65
1,135
1,309
1,043
1,820
1
4
43
77
1 247
1,387
1,150
1,873
4,653'
5,014
6,409
5,782
115
TREASURER.
BONDS FOR DEPOSITS IN NATIONAL BANKS, BY GROUPS.
Depositaries.
1904.
Amount.
Regular.
B a n k s d e p o s i t i n g $50 000 a n d less
M o r e t h a n $50,000 u p t o $100,000
M o r e t h a n $100,000 u p to $200,000
M o r e t h a n $200 000 u p t o $300 000. M o r e t h a n $300,000 u p t o $500,000
M o r e t h a n $500,000 u p to fl,000,000
M o r e t h a n $1 000 000 u p t o $2 000 000 M o r e t h a n $2,000,000 u p t o $3,000,000
M o r e t h a n $3,000,000 u p t o $5,000,000
M o r e t h a n $6,000,000 u p to $10.000,000
Total
1905.
Special.
Total.
70
61
76
30
23
15
4
1
2
1
336
144
60
15
5
4
3
2
273
569
Regular.
Special.
Total.
406
195
136
45
28
19
7.
3
2
1
80
79
72
22
22
10
2
425
96
17
4
3
3
1
505
174
89
16
25
13
3
1
1
2
842
288
549
837
CLASSIFICATION OF DEPOSITARIES, BY STATES, AND AMOUNT OF BOND-DEPOSITED.
B .
o
Oo
||
S t a t e or T e r r i t o r y .
oo
:•§
m^
Alabama....
.
Alaska
?
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
D i s t r i c t of C o l u m b i a
Florida
Georgia
Hawaii
-Idaho
Illinois
Indiana
I n d i a n Territory
Iowa
Kansas
Kentuckv
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
New Hampshire
N e w .lersev
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
R h o d e Lsland
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia .
.
Washinsrton
West Virginia
Wisconsin
Wvoming
Porto Rico
.
5
0
2^
0
B .
0
• - 0
0 0
p
si
6
6
6
1
1
1
1
6
1
5
1
3
7
^
5
4
2
2
5
2
1
1
3
2
6
1
2
1-
2
1
3
3
2
2
1
2
1
2
'"'is'
3
1
2
2
2
1
9
""vi
1
6
2
17
1
7
1
3
3 ""'9'
17- •
6
34
1
33
9
24
1
12
6
5
1
5
2
9
6
31
9
11
10 " " 4 *
.7
11
5
3
2
13
3
10
5
6
22
20
8
4
2
30
1
3
6
.
--
1
3
2
61
5
8
16
2
9
18
4
8
16
3
""i*
"6
6
1
2
•5
3
4
2
1
1
i
i
1
1
1
1
4
1
1
3
1
1
2
3
1
3
3
1
2
""'i' '"'i'
3
2
1
1
1
i
1
....
Total
1
1
1
1
605
174
89
26
25
13
,
3
Amount
by States
or T e r r i tories.
6
1
2
1
17
11
13
1
4
9
10
1
4
37
48
1
45
27
27
8
7
18
46
16
18
7
23
6
19
17
11
3
56
12
3
53
2
° 5
90
4
8
6
17
25
4
11
28
10
13
22
3
1
8293,000
75, 000
loo,000
80,000
1,477, 000
1,652, 000
' • 736,400
50,000
5,298, 000
450, 000
833,000
200,000
160, 000
5,338,000
3,472,000
50, 000
2,022, 000
1,213,000
2,786,000
523,000
344,000
1,334,500
3,509,600
1,341, 000
1,616,000
189,000
2,904,000
500,000
1,371,000
900,000
712,000
177,000
15,545, 000
528,000
206,000
4,561, 650
280,000
1,160,000
6,064, 500
167,000
327, 000
267, 000
1,166,000
1,217,000
325,000
417,000
2,317,500
1,656,400
618,600
1,607,000
130,000
260,000
837
80,404, 950
Pm
2
- -.
ll
2
116
REPORT
ON T H E
FINANCES.
STATE AND MUNICIPAL BONDS FOR PUBLIC DEPOSITS.
The State and municipal bonds held June 30, 1904, amounted to
$3,675,000, and were all withdrawn during the fiscal year 1905. A
temporaiy deposit of $375,000 in such' bonds was made with the
assistant treasurer of the United States at New York on April 26,
1905, and withdrawn July 13, 1905.
GENERAL STOCK OF MONEY IN THE UNITED STATES.
The growth of .the monetary stock of a country, with gold as the
principal element of increase, gives impetus to business activity and
commercial expansion. Since July 1, 1897, the United States has
been favored more in this respect than has fallen to the lot of any
other nation. The total volume of money has advanced from
$1,905,996,619 to $2,883,109,864 July 1, 1905, a net increase of
$977,113,245, of which $661,416,972 was in gold.
The net increase of the monetary stock during the fiscal year 1905
was $79,605,729, of which 37.6 per cent was in gold. The items of
increase were $29,999,590 in gold coin and bullion, $7,762,168 in subsidiar}^ silver, and $46,484,711 in national-bank notes, while reductions took place of $3,565,000 in Treasury notes and $1,075,740 in
silver dollars (which were temporarily withdrawn and held against
outstanding Treasur}^ notes, replacing a like amount of bullion that
had been used in the coinage of subsidiaiy silver; as Treasury notes
come into the Treasury, they will be canceled and retired and the
silver dollars restored to the monetary stock).
B}^ October 2 the general stock of money was recorded at $2,933,766,271, an increase of $50,656,407 since July 1, 1905.
The details are stated below:
MONETARY STOCK.
[This statement represents the monetary stock of the United States, as shown by the revised statementsfor June 30, 1904 and 1905.]
In Treasury
and mints.
Kind.
In circulation.
Total stock.
•
June SO, 19014.
Gold coin and bullion.
.
Silver dollars
Subsidiary silver -. -
'
Total metallic.
United States notes
Treasury notes of 1890
National-bank notes Total notes
Gold certificates
Silver certificates
Total certificates
$646,817,676
71,313,826
95,528,343
$1,327,656,398
569,891,605
107,062,021
1,181,950,279
812,659,745
1,994,610,024
333,769,425
12,902,057
433,027,836
346,681,016
12,978,000
449,235,096
12,921,591
76,943 ,
16,207,259
Aggregate metallic and notes
Aggregate
$681,838,822
488,577,779
. 11,533,678
29,204,793
779,689,318
808,894, 111
1,211,155,072
1,692,349,063
2,803, 504,135
28,975,470
9,337,302
465,655,099
461,138,698
38,312,772
'...
926,793,797
2,519,142,860
2,803,504,135
117
TREASUREK*
MONETARY STOCK—Con tinned ^
In Treasury
and mints.
Kind.
I n circulation.
Total stock.
J u n e SO, 1905.
Gold coin and bullion
Silver dollars
Subsidiary silver
Total metallic
United States notes
Treasurv notes of 1890
National-bank notes
.
.
-
Total n o t e s .
Aggregate metallic and notes
Gold certificates
Silver cerlificates
'
$706,592,399
485,231,529
13,386,482
$651,063,589
73,584,336
101,437,707
$1 357,655 988
558,815,865
114,824 189
1,205,210,410
826,085,632
2,031,296,042
14,260, 319
140,982
16,690,957
332,420, 697
9,272,018
480,028,849
346,681 016
9,413,000
495,719,806
30,092,258
821,721,564
851,813,822
1,235,302,668
1,647,807,196
2,883,109,864
32,579,220
10,400,292
485,210,749
454,864,708
42, 979,512"
Total certificates
Aggregate
940,075,457
2,587,882,653
2,883,109,864
734,927,793
479,996,964
9,706,256
652,330,135
79,436,901
105,539,966
1 387,267 928
559,433,865
115,246 222
1,224,631,013
837,307,002
2 061,938 015
10, 342,090
30,142
16,101,921
336,338.926
8,764,858
500,250, 319
346 681 016
8,795,000
516 352 240
October 2, 1905.
Gold coin a n d bullion
Silver dollars
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
Aggregate metallic a n d notes
G o l d certificates
S i l v e r certificates
T o t a l certificates
-
Aerg'ree'ate
..
.
. . . .
26,474,153
845,354,103
871 828 256
1,251,105,166
1,682,661,105
2,933,766,271
48,451,990
6,043,693
471,595,979
469,973,307
53,495,683
941,569,286
1,304,600,849
2,624,230,391
2,933,766,271
RATIO OF GOLD TO THE TOTAL STOCK OF MONEY.
The ann ual growth in the volume of gold as compared with the total
stock of mone}^ since July 1, 1897, ma}^ be observed in the following
table:
R A T I O O F G O L D TO T O T A L S T O C K O P M O N E Y F R O M J U L Y 1, 1897.
[From the revised statements of the Treasury Department.]
Date.
J u l y l , 1897...
July 1,. 1898 - . J u l y l , 1899 . . .
.Tulyl, 1900...
July 1, 1901 - . .
J u l v l , 1902.-.
July 1, 1903 . - .
.Tulyl, 1904--July 1. 1905 . - .
October 2,1905
Total stock of
money.
$1,905,996,619
2,073,674,442
2,190,093,906
2,339,700,673
2,483,147,292
2,563,266,658
2,684,710,987
2,803,504,135
2,883,109,864
2,933,766,271
Gold.
$696, 239,016
861, 514,780
963, 498,384
1,034, 384,444
1,124, 639,062
1,192, 594,589
1,248, 681,528
1,327, 656,398
1,357, 655,988
1,387, 257,928
Per cent.
36.52
41.54
43.99
44.21
45.29
46.52
46.51
47.35
47.09
47.28
118
BEPORl' ON d:HE FINANCES.
IMONEY IN CIRCULATION.
The continued increase in our circulating medium is one that engages
the thoughtful attention of financiers, and also excites a just j^ride
among our people as an evidence of the remarkable growth in the
resources of the country.
The net growth duringthe last fiscal 3^ear was $68,739,793, of which
$24,801,663 Avas in gold coin and certificates, $8,179,874 in silver coin,
and $47,001,013 in national bank notes, while United States notes and
Treasuiy notes decreased $4,968,767, and silver certificates $6,273,990.
It will be observed that the bank notes furnished the largest amount
of the increase, and in fact since March 14, 1900, they have been the
most prominent feature of the circulation statements. It has been
asserted by financial students that this increase in bank notes, at a
time of low-money rates, would inevitably have a tendenc}^ to produce
exports of gold.
If such results be expected, it will be of interest to learn what proportion of the total circulation the national-bank notes represent as
compared with the gold, silver, and United States notes. This is
shown in the table giving the proportions of the different kinds of
money in circulation on July 1, 1896, 1899, 1902, 1904, and 1905, here
set forth:
^''
July 1—
1896.
Gold coin and certificates
Silver coin and certificates
United States notes
Treasurv notes of 1890
National-bank notes
Total
,
!
1899.
1902.
1904.
1905.
33.0
29.4
14.8
8.6
14.2
37.4
27.9
16.1
6.2
12.4
41.7
26.7
. 14.8
1.5
15.3
44.1
24.9
13.2
.7
17.1
43 9
24.3
12.8
4
18.6
100.0
100.0
100.0
100.0
100.0
The most noticeable movement shown by this comparison is the
enormous increase in the gold circulation. In 1896 gold represented
one-third onl}^bf the total circulation; in 1904 it stood for 44 per cent,
and notwithstanding the net gold exports of $38,945,063 in the past
fiscal year, the percentage of gold on July 1, 1905, was 43.9. The
stead}^ decline in the proportion of silver, silver certificates, and
Treasuiy notes is not without significance. The total volume of
United States notes is fixed, and for this reason the variation is slight.
The national-bank notes declined from 14.2 per cent in 1896 to 12.4
per cent in 1899, but since then the percentage has steadily increased
until in 1904 it was 17.1, and on eJuly 1,1905, it reached 18.6 per cent.
The significance of the net result is that the proportion of gold has
more largely increased than that of any other kind of money in
circulation.
The circulation per capita advanced from $30.77 eTul}^ 1, 1904, to a
maximum at $31.38 November 1, 1904, then declined to $30.86 April
1, 1905, and at the close of the year June 30, 1905, stood at $31.08.
The kinds of money in circulation, the circulation per capita, and
the percentage of gold coin and certificates to the total circulation may
be studied from this table:
K^MStJRM.
MONE\^ 'I]S+ CIRCULATION AT THE E N D
119
OF EACH FISCAL Y E A R FROM
Money in circulation;
Fiscal year.
United
Gold c o i n
ationala n d g o l d cer- a sntda t eTsr enaos tuersy b N
a n k notes.
tificates.
notes.
1890
'..-- $505,089,782
1891
627,382,232
1892
549,662,443
501,177,852
1893
562,316,679
1894
528,019,270
1895
497,103,183
1896
564,875,027
1897.- -.
693,762,062
1898
712,393,969
1899
811,639,491
3900
876,827,124
1901
938,793,298
1902-.
994,519,298
1903
1,111,472, 675
19041,136,274,338
1905
$334,688, 977
383,566,064
437,658,596
471,630,040
460,206,031
436,037,154
351,185,115
390,384,139
408,440,459
421,188,606
392,980,487
377,569,944
364,094,498
353,325,215
346,661,482
341,692,715
$181,604,937
162,221,046
167,221,517
174,669,966
200,219,743
206,953,051
215,168,122
225,544,351
222,990,988
237,805,439
300,115,112
346,110,801
345,476,516
399,996,709
433,027,836
480,028,849
Silvei"
certificates,
standard
dollars, a n d
subsidiary
silver..
Total;
1890;
Percenta g e of
Circu- g o l d c o i n
l a t i o n a n d certificates
per
capita. to total
circular
tion.
$407,867,674 $1,429,251,270 S22.82
424,281,365 1,497,440,707
23.42
446,804,631 1,601,347,187
24.56
449,223,387 1,596,701,245
24.03
438,066,355 1,660,808,708
24.52
431,958,998 1,601,968,473
23.20
442,978,646 1,506,434,966
2L41
469,406,002 1,640,209,519
22.87
512,666,396 1,837,859,895
26.15
532,683,867 1,904,071.881
25.68
550,515,908 2,055,150;998
26.94
576,800,093 2,175,307,962
27.98
601,026,239 2,249, 390,551
28.43
619,850,947 2,367,692,169 • 29.42
627,980,867 2,519,142,860
30.77
629,886,751 2, 587,882,653
31.08
35.34
35.22
34.32
31.38
33.85
32 96
32.99
33.82
37.74
37.41
39.48
40.30
41.73
42.00
44.12
43.90
NOTE.—Currency certificates, act of June 8, 1872, are included in the amount of United States notes
and Treasury notes during the years when they were in use.
OIRCULATION
AND
POPULATION.
It is estimated, to maintain the present per capita circulation, the
increase in population of the United States demands a growth of about
$50,000,000 in the volume of money every year.
The increase of the population and of the money in circulation since
1890, is recorded in the annexed table:
INCREASE IN POPULATION AND IN CIRCULATION PER CAPITA.
Money in
circulation.
Fiscal y e a r .
1890
1891
1892
1893
1894
1896
1896
1897
1898
1899
1900
1901
1902
1903
1904.
1905
--.
$1,429,261,270
1,497,440,707
1,601,347,187
1,596,701,246
1,660,808,708
1,601,968,473
1,606,434,966
1,640,209,519
1,837,859,896
1,904,071,881
2,065,150,998
2,175,307,962
2,249,390,551
2,367,692,169
2,619,142,860
2,587,882,653
P e r c e n t of P e r c e n t of
increase
Circulation increase
P o p u l a t i o n . p e r c a p i t a . of p o p u l a - oft i oc inr cpuel ar tion per
capita per
year.
year.
62,622,250
63,947,000
65,191,000
66,456,000
67,740,000
69,043,000
70,366,000
71,704,000
73,060,000
74,433,000
76,295,220
77,764,000
79,117,000
80,487,000
81,867,000
83,260,000
$22;82
23.42
24.56
24.03
24.52
23.20
21.41
22.87
25.16
25.68
26.94
27.98
28.43
29.42
30.77
31.08
2.1
2.1
1.9
1.9
1.9
1.9
L9
L9
L9
L9
2.6
L9
1.7
1.7
1.7
.1.7
1.3
2.6
4.8
a 2.1
2.0
. a5.3
a7.7
6.8
9.9
1.7
5.3
3.8
l.°5
3.5
4.5
1.0
a Decrease.
CONDITION
O F T H E U N I T E D STATES P A P E R
CURRENCY.
The paper currency issued by the National Government amounts to
72 per cent of the stock of paper money in the country and embraces
more than 85 per cent of the notes and certificates outstanding of the
denominations of five dollars and under. This being the predominat-
120
BEPOBT ON" T H E FIKANCES.
ing medium of exchange it is subjected to very rough usage, which
soon reduces it to a condition unfit for circulation.
There are ample facilities,for exchanging worn and defaced United
States currency for new in cities where subtreasury offices are located,
but in other places the exchange of such currency can not be made so
readily and inexpensivel}^ and for this reason it is kept in circulation
until it is finall}^ received at a subtreasury office and sent to the Treasury for redemption. In the redemption division of this Office, where
the worn and defaced United States currencj^ is counted and canceled,
it is daily observed that a large part of the money is in such a condition ^
that it isnot only difficult to handle and count, but a menace to health.
I t is suggested that provision should be made that will enlarge the
facilities to all holders to exchange Avorn for nevv currency, and in
furtherance of this object, section 3932 of the Revised Statutes may
be amended to permit holders of worn and defaced United States
currenc}" to forward the same b}^ registered mail, without charge, to
the Treasurer of the United States for redemption.
UNITED STATES NOTES.
The volume of United States notes is fixed by statute at $346,681,016, and provisions of the act of March 14, 1900, limit-the denominations to $10 and above, by requiring that denominations of less than
$10 shall, as redeemed, be retired and canceled, and notes of denominations of $10 and upward shall be reissued in substitution therefor.
The polic}^ of the Department since that time has been to practically
limit the issue to ten-dollar notes, and the changes which have taken
place in the various denominations outstanding since March 1, 1900,
appear in the following comparative statement:
Denomination.
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
Total
Unknown, destroyed
Net
'-
Outstanding Outstanding Decrease in Increase in
Mar. 1,1900. June 30,1905. outstanding. outstanding.
$2,177,486
2,004,040
81,733,957
97,516,-681
74,792,402
12,966,850
23,150,100
10,862,500
42,463,000
16,000
10,000
$1,899,016
1,446,982
8,649,100
264,347,831
26,805,012
4,682,325
8,760,750
8,461,000
22,609,000
10,000
10,000
347,681,016
1,000,000
347,681,016
1,000,000
346,681,016
346,681,016
$278,470
657,058
73,084,857
47,987,390
8,274,625
14,389,350
2,401, 500
19,854,000
5,000
166,832,150
$166,832,150
166,8S2,150
TREASURY NOTES OF 1 8 9 0 .
The act of July 14, 1890, limited the purchase of silver bullion to
the aggregate amount of 4,500,000 ounces in each month, at the
market price thereof, not exceeding $1 for 371.25 grains of pure
silver, and authorized the issue in payment for such purchases
Treasuiy notes redeemable on demand in gold or silver coin at the
discretion of the Secretaiy of the Treasuiy, and when so redeemed
were to be reissued; but no greater or less amount of such notes were
to be outstanding at any time than the cost of the silver bullion and
1^21
TBIBAStTBM.
standard silver dollars coined therefrom .then held in the Treasuiy,
purchased by such notes. The authority for the purchase of silver
bullion under this act was repealed November 1, 1893, to which date
the Government had purchased 168,674,682.53 fine ounces, at a cost of
$155,931,002, for which Treasury notes had been issued.
The first demand for the redemption of Treasuiy notes in gold coin
was at the subtreasury in Boston, Mass., October 14, 1891, and the
Secretaiy of the Treasury, in the exercise of the discretion vested in
him by the act of 1890, authorized the redemption in gold. The total
amount of Treasuiy notes redeemed in gold to June 30, 1905, was
$110,205,101. Treasury notes redeemed in standard silver dollars are
canceled and retired in accordance with requirements of the act of July
14, 1890.
The act of March 14, 1900, provided for cancellation and retirement
of Treasuiy notes of an amount equal to the coinage of standard silver
dollars, and to substitute silver certificates against the silver dollars so
coined; also it made provision for use of the bullion purchased under
the act of 1890, in the coinage of subsidiary silver coin, by requiring
that an amount of Treasur}^ notes equal to the cost of the bullion contained in such coin be canceled and retired.
The total amount of Treasury notes retired under the foregoing
]Drovisions has been as follows:
Redeemed in silver dollars and retired
|83, 729, 267
Retired on account of silver dollars coined and silver certiticates substituted
41,188, 008
Retired on account of subsidiary coinage
•.
21, 600, 727
Total canceled and retired to June 30, 1905
146,518, 002
The Treasury notes, by denominations,, outstanding March 1, 1900,
and June 30, 1905, were as here stated:
Denomination.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars .
One thousand dollars
Total
Outstanding Outstanding
Mar. 1, 1900. June 30, 1905. Decrease.
$7,634,864
6,644,506
30,684,220
30,093,100
9,187,610
127,800
1,332,900
1,493,000
$647,764
404,441
2,122, 715
3,736,240
1,754,350
38,500
426,000
383,000
$7,087,110
6,240,065
28,561,506
26,356,860
7,433,260
89,300
906,900
1,110,000
87,198,000
9,413,000
77,785,000
Standard silver dollars in equal amount are held in the trust funds
for redemption of these notes when presented. (See p. 111.)
GOLD
CERTIFICATES.
The gold certificates have increased by $23,289,400 during the past
fiscal 3^ear, and the amount outstanding June 30,1905, was$517,579,969.
These certificates are issued in denominations of $20 and above to
$10,000, and furnish the larger denominations required in circulation.
The amount issued and redeemed during the last fiscal year is recorded
on page 110, also in table No. 36 in the appendix, where may be seen
the amount of each denomination issued, redeemed, and outstanding at
the close of each fiscal vear from 1898.
122
BEJ>OBa: ON THE FIlsrANCUg.
The increase in the volume of these certificates aepends upon the
amount of gold coin in the general fund of the Treasury and to future
deposits of gold coin now in circulation.
SILVER CERTIFICATES.
The burdensome task of supplying the smaller denominations of
paper moiiey required in circulation falls mainly on silver certificates.
The volume of these certificates can not exceed that of the available
silver dollars in the Treasuiy, and the amount outstanding at the close
of the fiscal year 1905 was $465,265,000, which is a decrease of
$5,211,000 as compared with that of twelve months before.
The demand for denominations of currency under $10 is met b}^ the
issue of silver certificates against silver dollars in the general fund of
the Treasuiy, or b}^ turning larger denominations of silver certificates,
as they are redeemed, into $1, $2, and $5.
Under provisions of the act of March 14, 1900, a gradual change is
being made in denominations of silver certificates outstanding, which
may be studied in the comparative statement following:
Denomination.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars.
Five h u n d r e d dollars
One thousand dollars
Total
Outstanding Outstanding Decrease in
M a r . 1,1900. J u n e 30,1905. o u t s t a n d i n g ,
Increase in
outstanding.
$41,719,287
19,976,706
180,184,494
$48, 385,
28, 212,
104, 787,
123, 721,
72, 713,
20, 446,
• 4, 183,
196,
727:
$90, 106,
48, 189,
284, 972,
24; 361,
12, 891,
3, 395,
1, 232,
42,
76,
$99,360,390
69^822,850
17,050,900
2,950,850
154,000
4, 652,000
407,375, 504
465,266,000
183,990,990
241,880,486
The total volume of silver certificates outstanding has been increased
by $57,889,496, which, with the small certificates substituted for
denominations of $10 and upward redeemed and retired amounting to
$183,990,990, gives an aggregate increase in the denominations of $5
and under of $241,880,486.
RATIO OF SMALL DENOMINATIONS TO ALL PAPER CURRENCY.
The ratio of denominations of $10 and less to total paper currency
is recorded here.
D e n o m i n a t i o n s of $10 a n d less.
Date.
J u l y l , 1897....
J u l y l , 1898....
J u l y l , 1899...J u l y l , 1900.-.J u l y l , 1901.-..
J u l y l , 1902.-..
J u l y l , 1903.-..
J u l y l , 1904-...
.Tuly 1 , 1 9 0 5 - - . .
O c t o b e r 1,1905
Total paper
currency.
$1,169,788,004
1,139,339,402
1,144,266.891
1,380,832,739
1,473,177.892
1,634,962,196
1,654,420,636
1,775,000,680
1,836,868,791
1,867,893,226
One
dollar.
3.96
4.36
4.88
4.36
4.34
4.63
4.97
4.71
6.06
5,14
Two
dollars.
Five
dollars.
Ten
dollarsT
2.57
2.80
2.98
2.74
2.74
2.77
2.83
2.66
2.73
2.72
22.86
24.19
25.10
21.20
20.72
21.34
21.10
20.26
19.83
20.27
25.56
26.89
28.11
26.72
27.11
27.44
27.87
26.94
27.43
27.46
Total.
54.95
58.24
61.07
55.02
64.91
56.18
56.77
64.68
55.06
55.61
The kinds of paper currency and amount of each denomination outstanding may be studied from the monthly statement for September,
1905.
123
TEEASUREE.
PAPER CURRENCY BY DENOMINATIONS OUTSTANDING SEPTEMBER
United States
noteSi
Denoraination:
Treasury
n o t e s of
1890.
30,
1905.
N a t i o n a l - Gold certifib a n k notes.
cates.
Silver certificates.
$344,669
164, 992
74,528, 986
219, 796,570
164,486,520 $181,915,164
40,884,455
18,301,050
59, .559,850
38,672.200
13,984,000
94,500
66,164,500
24,000
55,180, 000
112,360,000
38,754
$93,371,174
48,950,788
294,089,617
22,159,521
12,039,120
3,110,660
1,182, 620
41,500
72,000
$96,145,413
50,950,-403
378,753,417
512,932,162
385,324,166
66,794,490
108,073,420
22, 361,500
78,959,500
56,190,000
112,370,000
38 754
Total.
One dollar
Two dollars
Five dollars
T e n dollars
T w e n t y dollars
Fifty d o l l a r s
One hundred dollars..
Five hundred dollars.
One thonsand dollars.
Five thousand dollarsTen thousand dollars
Fractional parts
$1,895,516
1,442,982
8,153,100
267,630,831
25,245,012
4,462,325
8,350,750
8,241,500
22,339, 000
10,000
10,000
$584,054
391,641
1,981,715
3,445,240
1,638,350
36,000
408,000
Total
U n k n o w n destroyed -
347,681,016
1,000,000
8,795,000
516,352,240
620,047,969
475,017,000
1,867,893,225
1,000,000
346,681,016
8,795,000
516,352,240
520,047,969
475,017,000
1,866,893,226
Net
. --
360,000
CLASSIFICATION OF CURRENCY OF $20 AND BELOW, AND ABOVE $20.
For the year ended September 30, 1905, there Avas a net increase of
$49,351,595 in paper money of all kinds.
The denominations of $20 and under were increased b}^ $78,474,345,
while the denominations above $20 were decreased by $29,122,750.
The variations in the denominations of currency during the past five
years may be observed in the table following:
CLASSIFICATION OF CURRENCY OF $20
ANJ) BELOW AND ABOVE | 2 0 .
S e p t e m b e r 30—
Denomination.
Gold c o i n
1901.
1902.
1903.
1904.
$631,201,267
$624,728,060
$622,550,934
$641,844,863
$652,330,135
81,500,145
47,613,948
356,727,582
466,040,562
352,353,766
87,313,249
48,030,422
363,106,037
479,466,392
367,715,116
96,145,413
50,950,403
378,753,417
612,932,162
385,324,166
Paper currency:
* One dollar
Two dollars
Five dollars
T e n dollars
T w e n t y dollars
67,679.561
42,801i259
310,570,049
409,071,052
313,037,576
74,371,228
44,574, 381
342,478,389
427,956,502 ,
325,062,126
1905.
Total t w e n t y dollars
a n d u n d e r i n p a p e r . 1,143,159,497
75,956,845
Increase, a m o u n t
7.11
per cent
1,214,442,626
71,283,129
6.23
1,304,236,003
89,793,377
7.39
1,345,631,216
41,395,213
3.17
1,424,105,561
78,474,345
5.83
A g g r e g a t e twenty
dollars a n d u n d e r
i n g o l d a n d p a p e r . . 1,774,360,764
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
1,839,170,686
1,926,786,937
1,987,476,079
2,076,435,696
67,972,315
86,506,570
23,229,500
73,Oil, 500
28,650,000
81,980,000
57,870,865
85,628,270
21,959,000
72,892,500
29,776,000
87,970,000
60,519,215
92,563,720
20,878,500
73,124,500
32,130,000
87,320,000
64,969,840
102,576,820
24,372,500
86,707, 500
56,205,000
138,040,000
66,794,490
108,073,420
22,361,600
78,959,500
55,190,000
112,370,000
361,349,885
356,095,636
366,535,935
472,871,660
-443,748,910
9,794,500
2.86
4,745,750
1.34
10,440,300
2.93
106,336,726
29.01
a 29,122,750
a 6.15
1,494, f. 09,382
1,570,638,261
1,670,771,938
1,818, 502,876
1,867,854,471
85,751,345
^ 6.08
76,028,879
6.08
100,233,677
6.38
147,730,938
8.84
49,351,595
2.71
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,866,854,471
2,619,184,606
.
T o t a l fifty d o l l a r s a n d
over
Increase amount
per cent
Aggregate paper
Increase amount
per cent
Unknown, destroyed
Net paper
1,493,509,382
1,569,538,261
1,669,771,938
1,817,502,876
Aggregate gold a n d
paper
2,124,710,649
2,194,266,321
2,292,322,872
2,459,347,739
ct Decrease.
124
R B P O M OH T H E l^mAKCES,
DEMAND FOR SMALL NOTES;
The expansion and development of the business interests of the
country create daily a demand for more paper currency of denominations of ten dollars and under, and this continued indication of the
needs of business should, govern the legislative authority in prescribing
the denominations to be issued. The appeal comes from all sections,
and is so ui'gent that it calls for earl}^ consideration.
The growth in the volume of national-bank notes outstanding contributes to the direct demands made upon the Treasury for small
denominations of lawful mone3^ More than 50 per cent of the outstanding bank circulation was presented for redemption during the
last fiscal year, or aboiit $1,000,000 for each business day, and in almost
every instance at least 50 per cent of the proceeds was requested to be
in small notes. National banks deposit with the Treasurer of the
United States funds with which to redeem their circulation, and such
deposits are usually in gold certificates, hence it becomes necessary to
accumulate the small nptes required for bank-note redemptions from
other sources.
CHANGES IN DENOMINATIONS.
The act of March 14, 1900, has enabled the Department heretofore
to satisfy demands for small notes. Uftder its provisions United States
notes redeemed have been reissued in the denomination of $10; gold
certificates have been issued in denominations of $20 and above; silver
certificates in denominations of $5 and under. The Treasury notes of
1890, as they were presented to the Treasury, have been redeemed,
canceled, and retired, and silver certificates and subsidiar}^ silver coin
(under section 8) have been substituted therefor.
The changes that have been made in denominations of United States
paper currency outstanding, exclusive of gold certificates, from March
1, 1900, to June 30, 1905, measure the ettort that has been put forth
to respond to demands for small notes, and also indicates the probable
needs in the near future.
The extent of these changes is shown by the comparison:
UNITED STATES PAPER CURRENCY, EXCLUSIVE OF GOLD CERTIFICATES, BY DENOMINATIONS, OUTSTANDING MARCH 1, 1900, AND JUNE 30, 1905.
Increase in Decrease in
Mar. 1,1900. June 30,1905. outstanding,
outstanding.
Denomination.
One dollar
Twodollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars
Five hundred dollars.
One thonsand dollars
Five thousand dollars
Ten thousand dollars
Total
Unknown, destroyed
Net
. . . .
.
,
-
$58,198,137
$92,551,845
36,861,229
50,040,810
217,205,800
296,743,932
251,330,692
292,445,692
156,693,982
4l, 450,482
33,531,210 ' .8,116,485
28,666,470
10,419,370
11,059,000
8,503,600
48,683,000
23,067,000
16,000
10,000
10,000
10,000
$34,353,708
13,179,581
78,638,132
41,114,900
842,254,520
1,000,000
822,359,016
1,000,000
167,186,321
841,264,520
821,369,016
$115,243,500
25 414 725
18,247,100
2 555 500
25,616,000
5,000
187,081,826
19,896,504
TREASURER.
125
I t will be noticed that the volume of currency represented by the
foregoing figures has been diminished by $19,895,504 (owing to retirement of Treasury notes on account of coinage of subsidiary silver
from bullion purchased under act of July 14, 1890), while denominations of $10 and under have been increased by $167,186,321. Denomi
nations of $20 and above outstanding June 30, 1905, amounted to a
little more than $91,000,000, and for some reason these notes are
received in small amounts only for redemption; it is presumed that
this is owing to provisions of the national bank act,.which require
that the reserve shall be in lawful money of the United States, and as
large notes serve the purpose better for vault space, they are held b}^
banks.
The limit has practically been reached in making changes in denominations through the process of redemption and reissue. In future the
presentation'of large notes will probably be too slow to meet the
demands for small bills.
.
.
CONGRESS CAN J ROVIDE REMEDIES.
I t is the duty of the Government, under existing laws, to suppW the
greater part of paper currency required and to recognize the needs of
business in denominations to be issued.
The following suggestions from the last annual report are renewed
for consideration of Congress, viz:
First, gold certificates may be authorized for $5 and $10 instead of restricting the
issue, as now, to $20 and above; second, the national banks may be permitted to issue
any part of their circulation in $5 notes by the repeal of the provision allowing only
one-third of their respective totals in that denomination.
Under such modifications it is believed that the Treasury would be
able to respond to present needs and to meet future requirements.
COST OF PAPER CURRENCY.
Including ever}^ item of expense incident to the making, issue, and
redemption of United States paper currency for the fiscal year 1903
the average cost for each piece was 1.7005 cents.
The details of the reckoning ma}^ be followed'here:
Cost of each 1,000 sheets of paper delivered to the Bureau of Engraving and Printing
$5. 96
Cost of engravingand printing each 1,000 sheets (4,000 notes) of perfect work delivered to the Treasurer of the United States
44. 04
Cost of sealing, separating, bundling,.and issuing each 1,000 sheets
(4,000 notes)
.'
^.
.7.56
Total average expense of 4,000 notes issued
Total average expense of 4,000 notes redeemed
Aggregate average expense of issue and redemption
Average expense of issue and redemption of each note
,,
$57.56
10.46
68. 02
0,017005
126
REPORT ON TPIE
FINANCES.
Calculations based upon these average expenses of issue and redemption indicate results that will be very close to the actual cost of maintenance of the paper currency, and such cost for the fiscal 3^ears 1904
arid 1905 ma}^ be studied from the details set forth in the annexed
table:
EXPENSES OF ISSUE AND REDEMPTION.
~
N u m b e r of
pieces.
Fiscal year.
Cost p e r
1.000
pieces.
T o t a l cost.
S14.39
2.625
$2, 200,358.39
392.002.86
1904.
152,908,853.
-. - - - 149,334,420
Issued
Redeemed
Total
2,592, 361.24
1905.
Issued
Redeemed
169,259,812
158,734,031 ,
-
Total
:
14.39
2.626
.
2,435,648.69
416,676.83
2,8523 325.52
UNITED STATES PAPER CUERENCY OUTSTANDING AND COST OP MAINTENANCE.
Fiscal year.
1904
1906
Amount.
•
U , 324,426,585
1,338,938,985
THE AVERAGE LIFE OF PAPER
Cost of
maintenance, per
cent.
0 196
.213
CURRENCY.
The average years of the life of each piece of paper currency of the
jiountfy, by kinds and denominations, appears in the subjoined table:
C a l c u l a t e d agTotal num- gregate num- Resulting
average
b e r of n o t e s
b e r of life
y e a r s e x p e r i - leiaf ce thi mn eo tof
issued t o
e,
J u n e 30,1905. e n c e d w h e n
in years.
redeemed.
Kind and denomination.
U n i t e d S t a t e s n o t e s (issue b e g a n A p r . 22, 1862):
One dollar
Twodollars
Pive dollars
.;. - Ten dollars
T w e n t y 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
•
All d e n o m i n a t i o n s
T r e a s u r y n o t e s of 1890 (issue b e g a n A u g . 19, 1890):
One dollar.
Twodollars
Fivedollars
Ten dollars
Twenty dollars
Fiftydollars
I
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
All d e n o m i n a t i o n s
-•
188,364,160
93,381,624
118,664,352
110,069,124
26,434,120
2,940,304
1,917,140
438,552
414,648
4,000
4,000
573,299,998
296,268,350
516,156,941
416,542,294
155,244,552
17.740,252
11,602,441
1,598,634
1,610,275
1,300
640
3 043
3 172
4 353
3.784
5 872
6.033
6.051
3 646
3 884
326
.160
542,531,824
1,990,065,677
3.668
64,704,000
24,904,000
24,148,000
10,468,000
1,788,000
23,600
180,000
110,030,915
45,708,426
69,985,544
37,817,944
6,893,809
85,115
638,479
1.700
1 836
2.898
3.612
3 855
8.621
3.647
62,568
100,060
1.903
126,268,068
271,260,292
2.148
-
127
TBEASUBER.
Calculated ag- Resulting
Total n u m - gregate n u m average
b e r of n o t e s
b e r of life
l i f e t i m e of
issued to
years experi- each note,
J u n e 30,1905. e n c e d w h e n
in years.
redeemed.
Kind a n d denomination.
Gold certificates (issue b e g a n N o v . 16, 1865):
T w e n t y dollars . . . .
.
Fifty dollars
One h u n d r e d dollars
Five hundred dollars. One thousand dollars
Five thousand dollars..
Ten thousand dollars
•
All d e n o m i n a t i o n s . - - Silver certificates (issue b e g a n A p r . 11,1878):
One dollar
Two dollars
Five dollars
T e n dollars
T w e n t v dollars
Fifty dollars
- ..
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
All d e n o m i n a t i o n s
Kind and denomination.
. Kational-bank notes (issue began Dec. 21, 1863)
One dollar
,
Two dollars
Five dollars
T.en dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars^-.
One thousand dollars
,
All denominations
^
. .
17,366,000
1,868,000
1,446,343
176,888
263,681
126,657
97,566
50,286,846
6,192,578
4,495,615
533,053
642,316
166,913
145,863
2.897
3.316
3.108
3.030
2.435
1.309
1.495
21,334,135
62,462,084
2.937
604,348,000
161,336,000
263,920,000
67,451.400
14,643,300
1,389,000
816,400
33,300
32,490
790,040,593
237,791,877
499,126,537
198,454,629
57,103,349
4,473,114
2,222,249
'
62,368
45,770
1.307
1.473
1.966
3.454
3.926
3.220
2.725
1.872
1.408
1,093,868,890
1,789,319,486
1.635
Calculated agTotal number gregate numof notes is- ber of life years
sued to Octo- experienced
when reber 31, 1904.
deemed.
Resulting
average
lifetime of
each note,
in years.
23,169,677
7,747,519
180,466,340
100,927,860
32,630,429
3,062,673
2,567,187
23,894
7,379
100,083,814
34,363,313
700,962,966
388,195,496
133,236,032
13,585,896
10,683,248
123,972
24,675
4.319
4.436
3.884
3.846
4.083
4.450
4.161
5.188
3.330
360,582,858
1,381,259,312
3.939
PAPER CURRENCY PREPARED FOR ISSUE AND AMOUNT ISSUED.
The notes and certificates of United States currency are sealed,
)acked, and prepared for issue in advance of putting them into circuation. A large volume of such paper, consisting of denominations
and kinds necessary to meet the demands, is held in reserve in order
that the ink may dry and the notes become well seasoned, thus improving their wearing qualities when in use.
f
128
REPORT ON TPIE FINANCES.
The volume of paper currency prepared for issue and amount issued
may be observed in the tables following:
NUMBER OP PIECES OP PAPER CURRENCY PREPARED FOR ISSUE AND THE NUMBER
ISSUED IN T.HE FISCAL YEARS 1890, 1895, 1900, 1902, 1903, 1904, AND 1905.
P a p e r c u r r e n c y issued.
P r e p a r e d for issue.
N u m b e r of
notes a n d
certificates.
Fiscal year.
1890
1896
1900
1902
1903
1904
1905
30,976,881
56,012,600
87,111,000
136,721,000
148,446,000
159,463,000
155,389,000
- --
T o t a l v a l u e . Avvaelruaeg. e
N u m b e r of
notes a n d
certificates.
S6.096
5.299
6.041
4.326
4.162
4.783
3.285
37,065,880
55,932,798
78,132,176
116,697,874
141,235,371
162,908,853
169,259,812
S188,846,000
296,816,000
526,296,000
691,580,000
617,936,000
762,820,000
610,524,000
Total value. Average
value.
S246,142,000
301,806,983
495,545,000
466,908,000
551,038,000
650,026,000
637,510,000
m . 613
5.395
6.342
4.000
3.901
4.251
3.766
The number of pieces and amounts issued, by months, for the fiscal
years 1904 and 1905, are recorded below:
UNITED STATES P A P E R CURRENCY ISSUED DURING THE FISCAL YEARS 1904 AND 1905.
' Fiscal year 1905.
Fiscal year 1904.
Number of
notes and
certificates.
Month.
July
August
September .'
October
November
December
January
February
March
April
May
June
Average
Number of
value of
notes and notes and
certifi
certificates.
cates.
'
,
Total
Per cent of increase over
preceding year
10,791,230
12,014,604
12,229,050
13,911,491
11,085,056
14,089,211
12,385,126
11,329,220
12,896,360
13,730,230
14,206,337
14,240,938
$46,644,000
45,224,000
45,396,000
61,934,000
46,764,000
53,110,000
.89,096,000
40,752,000
39,056,000
70,484,000
53,294,000
58,272,000
U . 322
3.764
3.712
4.452
4.218
3.769
7.193
3.597
3.028
5.133
3. 751
4.091
162,908, 863
650,026,000
4.251
8.3
18.0
Average
value of
notes and
certificates.
13,337,627
13,625,010
14,353, 514
14,042,061
12,114,441
14,172,590,
14,194,494
13,357,114
14,841,874
14,044,888
15,148,915
16,027,284
$75,278,000
56,138,000
50,292,000
52,398,000
47,092,000
49,812,000
55,036,000
48,672,000
51,212,000
49,480,000
49,090,000
54,040,000
$5.644
4.046
3.503
3.731
3.887
3.514
3.877
3.643
3.450
3.622
3.240
3.371
169,25.9,812
637,540,000
3.766
10.6
a 1.9
« Decrease.
U N I T E D S T A T E S P A P E R C U R R E N C Y I S S U E D D U R I N G T H E F I R S T Q U A R T E R O F 1905 A N D 1906.
F i r s t q u a r t e r fiscal y e a r 1905.
Month.
N u m b e r of
notes a n d
certificates.
Amount.
F i r s t q u a r t e r fiscal y e a r 1906.
Average
v a l u e of N u m b e r of
notes and notes a n d
certificertificates.
cates.
Amount.
Average
v a l u e of
notes a n d
certificates.
July
August
September
13,337,627
13,625,010
14,353,514
S75,278,000
65,138,000
50,292,000
$5.644
4.046
3.503
13,629,282
15,285,443
14,289,485
$50,276,000
55,098,000
46,606,000
$3. 716
3 604
3.254
Total
P e r c e n t of i n c r e a s e o v e r
first q u a r t e r 1905
41,316,151
180,708,000°
4.374
43,104,210
151,880,000
3.523
4.3
a 15. 9
Cl D e c r e a s e .
129
TREASURER.
REDEMPTIONS OF PAPER CURRENCY.
The redemptions of currency have steadily increased and are now
nearly equal to the issues. The increasing number of channels through
which the currency passes and the usages to which it is subjected in
circulation has a tendency to shorten its life of usefulness and to require
its renewal more frequently than in former years.
Under present regulations, United States paper currency is redeemed
at full face value of the note when not less than three-fifths of the orig' inal proportions remain. Fragments less than three-fifths are redeemed
at face value of the whole note when accompanied by an affidavit of the
owner or other persons having knowledge of the facts that missing
f)ortions have been totally destroyed.
The monthly redemptions of pieces and amounts for the fiscal years
1904 and 1905 and first quarter of 1906 are stated here:
UNITED STATES P A P E R CURRENCY REDEEMED DURING THE FISCAL YEARS 1904 AND
Fiscal year 1904.
July
August
September
October
November
December
January
February
March
April
May^.
June
•. -
-
Total
Per cent of increase over
preceding year
UNITED STATES P A P E R
Fiscal year 1906.
Average
valueof Number of
notes and notes and
certifi- certificates.
cates.
Number of
notes and
certificates.
Month.
1905.
Average
value of
notes and
certificates.
12,722, 622
11,637,667
10,159,678
10,861,401
9,307,806
13,629,113
16,737,750
12,468,802
12,937,646
13,068,477
13,400,350
13,613,318
$46.445,000
12,742,000
39,436,000
44,791,000
36,399,000
48,990,000
66,892,000
45,593,000
46,630,000
46,602,000
68,184,000
66,637,300
$3.672
3.704
3.881
4.123
3.803
3.621
3.616
3.669
3.604
3.488
4.341
4.086
12,497,403
13,337,796
11,023,376
11,606,750
11,405,072
13,403,721
14,936,014
14,624,636
14,730,664
12,700,026
14,682,483
13,987,090
$49,293,600
60,976,000
43,403,000
45,621,000
49,217,000
56,438,000
66,956,000
68,424,000
65,736,000
47,673,000
61,979,000
67,312,000
$3.944
3.821
3.937
3.930
4.316
4.210
3.813
4.022
3.104
3.763
3.664
4.097
149,334,420
666,340,300
3.785
168,734,031
623,026,600
3.924
21.6
15.7
6.2
10.2
CURRENCY REDEEMED DURING THE FIRST QUARTER OF
1905
AND OF 1906.
First quarter fiscal year 1906.
Month.
Number of
notes and
certificates.
Amount.
First quarter fiscal year 1906.
Average
value of Number of
notes and notes and
certifi- certificates.
cates.
Amount.
Average
value of
notes and
certificates.
July
August
September
12,497,403
13,337,796
11,023,376
$49,293,600
60,976,000
43,403,000
$3.944
3.821
3.937
12,985,971
12,783,169
11,743,695
$48,807,000
46,903,000
46,668,000
$3,758
3.690
3 880
Total
Per cent of increase over
first quarter 1906
36,868,676
143,672,600
3.898
37,512,836
140,278,000
3 739
1.7
a 2.3
aDecrea se.
H. D o c 9, 59-]
9
180
REPORT ON THE F I N A N C E S . '
STANDARD SILVER DOLLARS.
During the fiscal year 1905 the coinage of silver dollars was discontinued owing to the exhaustion of silver bullion available for that
purpose. The stock of this coin in the country at the close of the fiscal year was $558,815,865, and this amount can be increased only by
$9,413,000, the amount of standard, silver dollars held in the Treasurj^
against outstanding Treasury notes of 1890—the Treasury notes are
treated as stock and not the silver dollars. As these silver dollars
are released by the redemption of the Treasury notes, the stock of
silver dollars in the country will be increased to that extent.
Beginning in 1878, the Grovernment has coined and added to the
stock of money in the country this large amount of silver dollars
without discrimination having been made between the various kinds
of money. It is true that silver dollars have entered into circulation
only to a limited extent, but their representative, the silver certificate,
forms an important part of the currency.
For the past two or three years the accumulation of silver dollars
in the Treasury has not been in excess of the amount that could have
been disposed of in the regular transactions of the Treasury offices,
and it is submitted that under these conditions it will be an unnecessary
burden upon the Grovernment to continue the shipment of silver dollars
free of expense for transportation charges to depositors therefor.
The accumulation of silver dollars in the Treasury from Januaiy 1 to
August 1 in each year, it is estimated, will not exceed the amount
against which silver certificates of small denominations can be issued
to assist in moving the crops from August 1 to January 1.
The experience of this office is that silver dollars distributed to
depositors therefor from August to January in each year are returned
to the Treasury between January and August. The amount in circulation June 80, 1905, was $73,584,336, and from the changes observed
in the past six years it is estimated that the maximum of circulation
has been reached. The annual movement of these dollars under present
regulations entails great expense not only for transportation but for
labor in counting, bagging, handling, and storing; by constant and
repeated movement the "wear and tear" is producing a result that
will ultimately require ah additional expense to make good the loss by
abrasion.
I t is observed from the section of the country in which the silver
dollars circulate most freely that of those presented for exchange at
Treasury offices there is a large increase in the number of coins unfit
for circulation. With reference to this subject the Secretary of the
Treasury, in his annual report for the fiscal year 1904, page 15, said:
I t may be pointed out that no provision now exists for the recoinage of standard
silver dollars which by natural wear have become unfit for circulation. Many such
are now in the Treasury. They can not be recoined into dollars without loss, and
there is no authority to reimburse such loss. As the subsidiary coins are of lighter
proportionate weight than the standard silver dollars, these abraded and uncurrent coins might he recoined into subsidiary silver coin without loss. The small
contraction in the circulation of dollars would be offset by the increase in subsidiary
coin, and the net result of the operation would leave the total money circulation
unchanged. I recommend that the Secretary of the Treasury be given authority for
such recoinage.
The total number of silver dollars received annually at the Treasury
offices is about $50,000,000, and of this amount for the coming years
it is estimated that more than $600,000 annually will be in worn and
abraded coin unfit for circulation.
]31
TREASURER,
MOVEMENT OF SILVER DOLLARS.
The amount of silver dollars delivered free of expense for transportation charges to depositors therefor, during the fiscal year 1905, was
$3,956,031 in excess of that for the preceding twelve months.
The shipment, by months, in the past two years and a quarter is
recorded in the table following:
1906.
$3,015,158
3,497,622
5,903,070
July
August
September.
First quarter .
October
November
December
January
February
March
April
May
June
415,850
992,380
548.723
430,400
515,796
994,938
499,448
337,309
436,148
861.724
Total
41,032,715
$2,5.14,897
4,533,547
.7,563,357
$3,054,999
.5,050,289
6,584,448
14,611,801
6,610,479
4,666,626
3,836,334
1,592,148
1,796,699
3,107,998
2,824,025
2,768, 868
3,183,868
14,689,736
44,988, 746
The movement of these dollars annually at the expense of the Government, and the effect produced on the amount in circulation, may be
studied to advantage from a comparative statement, showing the maximum and minimum circulation and the amount distributed during each
fiscal year for the past eighteen years. The following table contains
the information:
STANDARD SILVER DOLLARS.
M a x i m u m circulation.
M i n i m u m circulation. Distributed at expense
of G o v e r n m e n t .
Fiscal year.
'
1888
1889
1890
1891
1892
1893
1894
1896
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
.
Month.
Amount.
Month.
Amount.
November $64,261,714 J u n e . . - $56,546,303
December .
60,779,321 . - - d o . . . .
54,417,967
. ...do
61, 266,601 J u l y . . . .
64,220,255
do
1 67,547,023 - - - d o . - . .
56,981,268
November 62,697,204 J u n e .-56,799,484
December .
62,822,936 . . - d o . - - .
67,029,743
61,654,630 - - - d o - - . .
51,191,377
August
67,889,090 J u l y . - . 50,969,540
December 59,205,927 - . - d o . - - 61,746,706
do
58,581,819 . . . d o - - - 61,999,797
. do
61,491,073 . . - d o . . - 61,655,722
do
65,183,653 - - - d O - - - .
57,293,336
do
71,361,740 - - - d o . - . ,
63,158,273
October
76,182,326 - - - d o - - - 65,769,341
.- D e c e m b e r .
73,239,986 . . . d o - - - - 66,588,628
do
78,700,912 . - - d o . - . 68,906,465
November.
81,573,223 J u n e - - .
71,313,826
December .
80,522,882 J u l y . . . .
70,581,661
November.
Amount.
$28,953,664
26,427,496
27,283,457
29,299,237
24,614,586
27,098,582
24,516,980
27,156,466
28,412,300
29,600,035
33,270,610
33,305,262
36,284,791
38,338,619
40,404,325
41,182,154
41,032,715
44,988,746
Rate per
$1,000.
$1.89
1.99
1 99
1.89
1 96
1.84
1.98
2.01
1.93
1 96
2.26
2.22
2.25
2 12
1.99
2 03
1.93
1 90
EXCHANGE OF SILVER DOLLARS.
The silver dollars received at Treasury offices for exchange during
the last fiscal year amounted to $47,407,149, which was slightly in
excess of the amount presented in the fiscal year 1904.
132
REPORT ON T H E FINANCES.
o
The transactions at the several offices were:
Fiscal y e a r -
First q u a r t e r -
Office.
1904.
Washington ..
Baltimore
NewYork
Philadelphia .
Boston
Cincinnati - . . .
Chicago
St. Louis
New OrleansSan Francisco
1905.
071,615
275,340
614,174
276,663
856,460
711,145
317,572
302,150
251,000
732,130
$439,982
247,910
1,207,016
837,584
545,150
1,173,795
2,262,693
2,249,630
1,094,900
589,627
$388,136
286,120
1,253,568
910,574
392,360
1,271,860
2,548,988'
1,819,860
597,000
440,849
47,407,149
10,648,287
9,909,314
$1,957,
1,407,
5,202
3,712,
1,650,
4,724,
10,146;
8,850:
5,675,
2, 771
Total
46,098,314
SUBSIDIARY SILVER COIN.
The stock of subsidiaiy silver coin in the country at the close of the
last fiscal year was $114,824,189, an increase of $7,762,168 over that
of twelve months earlier. The amount in circulation June 30, 1905,
was $101,437,707, and the supply of this coin in the Treasury offices
and mints is sufficient to meet all demands in the near future, except
those for new coin. The ease with which this coin can be obtained
from the Treasury without expense for transportation charges facilitates its return to the Treasuiy for redemption. In previous years
when the vaults of the Treasury contained excessive amounts of silver
•coin there was good reason for stimulating its use among the people
by the inducement of free transportation to depositors therefor, but
at present such conditions do not prevail. I t is suggested for the consideration of bankers, merchants, and others requiring the use of large
amounts of this coin, that they retain their accumulations during the
inactive periods for use in the busy season instead of returning them
to the Treasury for redemption, and thus lighten the burden upon the
Government that is constantly growing, and which may, in the interest of economy, soon have to be discontinued altogether.
The shipments of subsidiary silver coin from Treasury offices during
the fiscal years 1904 and 1905 and first quarter of 1906, by months,
were:
1904.
July
August
September
$2,044, 766.40
2,306,490.80
3,154,679.00
First quarter
October
November
December
January
.February
March
April
May
June
Total
...-
7,605, 836.20
2,949, 427.30
2,201, 045.60
2,257, 086.40
841, 691.40
1,235, 711.00
1,768, 649.60
1,707, 270.40
1,823, 765.60
2,092! 565.40
24,382,947.90
$1,808,117.30
2,793,410.80
3,680,656.20
282,184.30
264,660.50
567,324.60
356,705.30
051,790.40
290,605.60
931,394. 50
127,261.00
227,392.60
526,966.00
$2,173,325. 20
3,086,898.60
3,650,375.20
8;909,599.00
27,606,184.
Subsidiary silver coin to the amount of more than $25,000,000 was
paid over the counter during the last fiscal year for various purposes.
133
TREASURER.
The amount of subsidiary silver coin returned to the Treasury for
redemption during the past two fiscal years and a quarter is stated, by
offices, in the table following:
Fiscal year—
First q u a r t e r -
Office.
1904.
Washington .Baltimore
New York
Philadelphia..
Boston
Cincinnati
Chicago
St. Louis
New Orleans..
San Francisco
1905.
$2,316,875 $2,422,187
2,583,610
2,602,480
18,150,460 18,697,849
6,411,047
6,39^, 016
1,760,980
1,846,130
2,313,805
2,226,605
5,280,054
4,796,869
4,151,153
5,725,365
1,051,376. 1,322,290
2,356,778
2,464,806
Total---.
46,376,137
SUBSIDIARY
SILVER
COIN
IN
48,495,596
THE
$645,054
624,060
4,601,287
1,490,477
480,340
535,550
1,233,837
1,568, 690
252,950
594,933
11,827,178
$580,823
669,650
4.426,198
1,571,562
466,060
642,460
1,384,206
960,430
244,300
331,320
11,177,009
TREASURY.
The total amount of subsidiary silver coin in each of the Treasury
offices and mints June 30, 1905, is set forth, by denominations, in the
subjoined table:
Office.
Fifty cents.
Twenty-five
cents.
Ten cents.
Unassorted
and uncurrent.
Total.
TREASURY.
Washington
Baltimore
New York
Philadelphia.. Boston
Cincinnati
Chicago
St. Louis
New Orleans . . .
• San Francisco..
Boise City
Carson City
New York
San Francisco.
Philadelphia..
New Orleans . .
Total.
$231,200.00
$656, 875.00
302,100.00
361, 060.00
1,854, 000:00 1,517,000.00
145, 000.00 1,876,000.00
80, 081.00
260,618.00
97, 000.00
108,000.00
281, 000.00
164,000.00
487, 300.00
329,350.00
600, 070.00
219,590.00
437, 848.00 . 268,
943.76
$15,550.00 $19,090.33
35,750.00
7,301.65
143,000.00 126,344. 65
35,000.00 110,127.25
4,601.70
81,243.20
10,000.00
33,295.00
26,000.00
50,972.00
45,250.00
29,970.00
14,690.00
10,Oil. 84
49,016.40
25,060.75
221.60
767,686.00
76,000.00
119,000.00
3.25
308.60
143,559.00
11,000.00
228,000.00
723.30
411.00
168,014.40
374,687.60
360,000.00
6,962,031.50
5,648,672.60
1,281,694.30
MINOR
6.63
0.S3
596.70
l,OOO.gr)'
163.40
$921,715.33
706,201.55
3,639,344.65
2,165,127.25
426,543. 90
248,295.00
520,972.00
891,870.00
844,361.84
770,868.90
5.63
726.88
941.00
1,079,756.10
462,587.80
707,163.40
494,182. 93 13,386,481.23
COINS.
The stock of minor coin in the country, as per report of the Director
of the Mint, was, on June 30, 1905, $40,012,961.82, an increase of
$1,863,442.73 during the fiscal 3^ear. These coins are not included in
the stated stock of money in the United States, though in use in every
section of the country. They are not generally received on deposit
by banks, as shown b}^ the stated condition.of the national banks for
May 29, 1905, in which 5,668 banks held but $1,798,508.32, but are
always in demand for small change, and in varying amounts may be
found in the money drawer of the merchant, manufacturer, and business man; in the pocket of the farmer, mechanic, and small dealer,
and in the toy savings banks of the children in thousands of homes.
134
REPORT OK TFIE FINANCES.
The denominations of coins outstanding at the close of 1904 and
1905 may be seen in the table following:
.
Fiscal year 1904
Denomination.
Coined.
Fiscal year 1905.
Outstanding
Remelted. June 30,1904.
Coined.
Outstanding
Remelted. June 30,1905.
$1,662,887.44 1J379,771.82 $1,183,116.62 $1,562,^87.44 $379,926.44 $1,182,961.00
Copper cents
39,926.11
Copper half cents
39,926.11
39,926.11
39,926.11
800,148.97 1,207,571.03
Copper-nickel cents.. 2,007,720.00 799,323.11 1,208,396.89 2,007,720.00
13,679,587.64
237,800.81
13,143,194.77
209,019.54
12,934,176.23
13,917,388.46
Bronze 1-cent pieces.
573, 364.78
338,655.22
912,020.00 338,435.22
573,584.78
912,020.00
Bronze 2-cent pieces .
280,418.86
625,349.66
626,970.66
905, 768.52
Nickel 3-cent pieces.905,768.62 279,797.86
Nickel 5-cent pieces- - 23,607,135.40 2,022,785. 60 21,684,349.80 24,898,009.46 2,193,807.85 22,704, 201.60
Total
42,178,652.24 4,029,133.15 38,149,619.09 44,243,719. 97 4,230,758.15 40,012,961.82
SHIPMENTS OF MINOR COINS.
The shipments of minor coins during 1904 and 1905,. and first quarter of 1906, by offices, appear in the annexed table:
F i s c a l y e a r 1904.
Office.
Washington
Baltimore
Boston
Chicago
Cincinnati
New Orleans
NewYork
Philadelphia
San Francisco
St. L o u i s
Mint, Philadelphia
Total
.---
Office.
Washington
Baltimore.....-.,-..
Boston
Chicago
Cincinnati
New Orleans
N e w York
Philadelphia
San Francisco
St. L o u i s
Mint, Philaclelphia .
Total
F i s c a l y e a r 1905.
Expense
of t r a n s portation.
Expense
of^ t r a n s portation.
$79,733.20
23,520.00
96,290.00
351,880.64
141,830.00
109,059.00
353,660.00
234,186.00
33,760. 00
224,694.90
1,461,780.85
$1,.488.66
273. 50
963.40
4,888.10
1,439.00
6L9.95
3,268. 50
6,967.91
470.00
3,612.47
36,072.80
$88,545.60
31,665.00
144,786.00
377,662.00
112,004. 90
79,509.00
492,625.00
296,320.00
350.00
227,985.90
1,486,731.20
$1,468.58
390.75
1,770.30
6,228.90
1,390.80
1.69
4,432.20
5,931. 01
5.16
3,952.95
26,036.32
3,110,293.59
59,064.19
3,336,173.60
60,608.65
F i r s t q u a r t e r of 1905.
$31,196.00
7,450.00
41,485.00
136,955.00
45, 695.00
31,084.50
137,630.00
85,590.00
$552.20
90.30
416.36
1, 991.90470. 55
1.69
1,763. 05
2,394.00
92,095.90
220,170.00
1,730.41
4,212.87
829,350.40
F i r s t q u a r t e r of 1906.
$26,186.00
5,780.00
60,070.00
107,780.00
34,925.90
12,600.00
131,150.00
76,366.00
11,780. 00
75,707.00
434,950.00
967,293.90
$682.86
64.20
973.40
1,496.06
362.44
10.00
1,408. 76
1,941.10
163.09
1,611.16
8,295. 80
16,908.85
135
TREASURER.
REDEMPTION OF MINOR COINS.
Minor coins returned to the Treasury for redemption during the fiscal year 1905, amounted to $6,014,062, an increase of $426,580 over
that of the preceding year. The amount redeemed at each of the
Treasury offices for the past two 3^ears and a quarter is recorded in the
subjoined table:
Fiscal year—
Office.
0
Washington
Baltimore
New York
Philadelphia
Boston
Cincinnati
Chicago
St. Louis
NewOrleans
San Francisco
:
-
.
.
Total
M I N O R COIN I N T H E
-
First quarter—
1904.
1905.
$299,835
643,430
2,338,437
722,141
267,220
353,569
599,659
280,375
47,480
35,436
$320,156
708,920
2,474,986
756,661
303,410
381,635
676,793
383,295
63,138
66,168
$91,909
181,190
606,476
176,351
70,230
90,156
132,100
90,715
21,125
8,829
$78,095
198,370
676,636
175,180
82,830
100 640
149,506
75,655
14,435
1,414
5,587,482
6,014,062
1,468,080
1,461,760
1905.
1906.
T R E A S U R Y AND M I N T S .
The amount of minor coins, by denominations, in each office of the
Treasury and Mint, June 30, 1905, was as here stated:
Office.
Five cents. One cent.
Unassorted]
and un-.
current.
Total.
TREASURY.
Washington,.Baltimore
Boston
Chicago
Cincinnati
New Orleans - NewYork
' Philadelphia..
San Francisco.
St. Louis
$25,510.00
6,200.00
36,936.00
19,650.00
7,000.00
4,530.00
46,000.00
65,000. 00
67,365.10
50,450.00
$8,210.00
6,880.00
22,114.13
700.00
8,700.00
1,537.00
17,000.00
2,000.00
1,307.97
3,000.00
$2,617.04
1,636.31
10,770.62
6,292.01
3,472.16
2,363.68
26,986.61
11,520.03
2,600.00
3; 202.33
$36,237.04
14,716.31
69,819.76
25,642.01
19,172.16
8,430.58
89,986.61
78,520.03
71,273.07
56,652.33
New Orleans.
New York
Philadelphia-
118,370.00
135,999.93
.72
68.47
191,365.19
.72
68.47
446,736.12
446,910.10
207,449.03
261,794.07
916,153.20
Total-
MONEY FOR MOVING THE CROPS.
The Treasury during the past year has rendered the usual facilities
in the movement of the crops. For deposits in New York, payments
by telegraph were made through this office at other points, in denominations of paper currency that were required to meet the demands of
the locality in which it was to be used. Since January 1, 1900, this
movement has averaged abont $27,000,000 annuall}^, and the Treasuiy
heretofore has been able to keep up the exchange by vigilance and
forethought in the preparation of small currency for the anticipated
needs. Some action should be taken by Congress that will enlarge
the volume of small notes if the§e accommodations are to be continued;
otherwise, the rule which in former years required deposits to be
136
REPORT ON T H E FINANCES.
made in the kinds of currency needed at the point of payment will
have to be renewed.
The transfers on this account in receut years are set out in the
annexed table by offices and months in which transactions took place:
Transactions.
1901—Receipts:
In March
In April
I n May
In June
In July
In August
In September
In October ...
In November.
In December,
Total...
Transactions.
Paid by the Treasurer and assistant
treasurers of the United States:
Washington—
In March
In May
In July
In September
In December
Total.
Gold coin United States Treasury Silver cerand
notes.
notes.
tificates.
certificates.
$395,000
200,000
996,000
348,000
1,087,000
3,251,600
3,874,000
3,626,000
1,668,000
6,208,000
20,651,500
$10,000
$132,000
82,000
200,000
70,000
611,000
440,000
26,000
72,000
$425^000
200,000
1,480,000
470,000
1,325,000
3,450,000
4,485,000
3,966,000
1,730,000
5,506,000
10,000
1,632,000
23,035,000
$30,000
353,
40,
38,
128,
37,
215,
841,500
Gold coin and United States
notes.
certificates.
300,000
Silver certificates.
$25,000
$6,000
20,000
$26,000
200,000
50,000
100, 000
26,000
5,000
95,000
400,000
30,000
26,000
30,000
25,000
$200,000
100,000
"50,'666'
BaltimoreIn September.
In October
Total.
Cincinnati—
In March...
In October.
55,000
100,000
36,000
17,600
17,500
100,000
70,000
17,600
17, 500
170,000
100,000.00
120,000.00
450,000.00
1,692,000.00
1,070,000.00
100,000.00
800,000.00
100,000.00
40,000.00
300,000.00
880,000.00
620,000.00
60,000.00
380,000.00
40,000. 00
150,000.00
678,000.00
360,000.00
50,000.00
120,000.00
200,000.00
200,000.00
900,000.00
3,150,000.00
2,050,000.00
200,000.00
1,300,000.00
Total.
Chicago—
In March
In April
In July
In August
In September.
In November .
In December..
Total.
Total.
4,232,000.00
2,370,000.00
1,398,000.00
8,000,000.00
St. Louis—
In September.
In October
250,000.00
150,000.00
180,000.00
90,000.00
70,000.00
60,000.00
600,000.00
300,000.00
Total.
400,000.00
270,000.00
130,000.00
800,000.00
50,000.00
735,000.00
308,000.00
112,000.00
132,000.00
82,000.00
70,000.00
120,000.00
852,000.00
1,025,000.00
356,000.00
634,000.00
100,000.00
1,280,000.00
470,000.00
375,000.00
300,000.00
1,805,000.00
3,570,000.00
1,530,000.00
4,180,000.00
3,170.000,00
13,610,000. 00
New Orleans—
In March
In May
In Jurie
In July
In August
In September.
In October
In November .
In December..
685,760.00
1,876,000.00
838,000.00
3,091,000.00
50,000.00
413,000.00
80,000.00
193,000.00
180,000.00
367,260.00
670,000.00
337,000.00
556,000.00
Total.
7,594,760.00
2,846,260.00
137
TREAStTBEE.
Gold coin and United States
notes.
certificates.
Transactions.
1902—Receipts:
In January
In Februarv
In March
In April
In May
In June
.
In July
In August
In September
In October
In November .
In December
Silver certificates.
Total.
$660,000.00
600,000.00
700,000.00
350,000.00
975,000.00
233,000.00
2,280,000.00
2,365,000.00
5, 096,000.00
3,425, 000.00
2,310,000.00
3,405,000.00
$40,000.00
22,279,000.00
360,000.00
47,000.00
22,676,000.00
120,000.00
185,000.00
106,000.00
40,000.00
116,000.00
70,000. 00
40,000.00
60,000.00
26,000.00
200,000.00
350,000.00
200,000.00
Total
410,000.00
225,000.00
115,000.00
750,000.00
Chicago—
In February
In March
In July
In August
In September
In October
In November
In December
200,000.00
200,000. 00
640,000.00
665,000.00
910,000.00
655,000.00
250,000.00
100,000.00
200,000.00
200,000.00
180,000.00
460,000.00
635,000.00
206,000.00
100,000.00
100,000.00
280,000.00
225,000.00
355,000.00
340,000.00
600,000.00
, 600,000.00
1,100,000.00
1,250,000.00
1,800,000.00
1,200,000.00
260,000.00
100,000.00
3,620,000.00
1,780,000.00
1,400,000.00
6,700,000.00
445,000.00
725,000.00
150,000.00
730,000.00
430,000.00
1,826,000.00
1,415,000.00
1,640,000.00
3,395.000.00
145,000.00
160,000.00
70,000.00
260,000.00
265,000.00
834,000.00.
626,000.00
225,000.00
40,000.00
100,000.00
90,000.00
60,000.00
190,000.00
226,000.00
637,000.00
390,000.00
195,000.00
70,000.00
690,000.00
975,000.00
270,000.00
1,180,000.00
920,000.00
3,296,000.00
2,330,000.00
2,060,000.00
3,505,000.00
10,756,000.00
2,524,000.00
1,947,000.00
16,226,000.00
6,000.00
510,000.00
1,800,000 00
600,000.00
280,000 00
550,000.00
1,324,000.00
' 555,000.00
575,000 00
3,765,000.00
9,500,000.00
8,370,000.00
7,336,000.00
5,000.00
35,154,000.00
100,000.00
200,000.00
100,000.00
500,000.00
100,000.00
800,000.00
. . .
-
TotalPaid by the assistant treasurers of the
United States:
Cincinnati—
In March
In April
In August
Total
New Orleans—
In January
In Mav.. -:
In June
In July
In August
In September
In October
In November
In December- -
*
Total
1903—Receipts:
In January
In February
In March
In April
In May
In June
In July
In Aucust
In September
In October
In November
In December
Total
Paid by the Treasurer and assistant
treasurers of the United States:
Washington—
In May
In July
In October .
Total.!
Baltimore—
In October
..
Chicago—
In Februarj'^
In March
In July
In October
In November . .
Total
510,000.00
1,788,000.00
600,000.00
280,000.00
550,000.00
1,324,000.00
550,000.00
675,000.00
3,756, 000.00
9,600,000.00
8,220,000.00
7,335,000.00
34,987,000.00
$37,000.00
5,000.00
10,000.00
105,000.00
200,000.00
12,000.00
'
150,000.00
162,000.00
200,000.00
460,000.00
40,000.00
660,000.00
40,000.00
300,000.00
$690,000.00
500,000 00
700,000.00
350,000.00
975,000.00
270,000.00
2,280,000.00
2,370,000.00
5,096,000.00
3,630,000.00
2,310,000.00
3,605,000.00
300,000.00
460,000.00
80,000.00
100,000.00
1,650,000.00
2,150,000.00
160,000.00
380,000.00
20,000. 00
200,000.00
100,000.00
1,000,000.00
100,000. 00
100,000.00
1,650,000.00
2,450,000.00
,4,440,000.00
360,000.00
600,000.00
6,300,000.00
138
EEPOET ON T H E FINANCES.'
"^
Transactions.
Gold c o i n a n d
certificates.
United States
notes.
$40,000.00
$10,000.00
300,000.00
600,000.00
360,000.00
280,000.00
350,000.00
1,304,000.00
350,000.00
575,000.00
1,885,000.00
2,165,000.00
3,990,000.00
6,325,000.00
90,000.00
130,000.00
80,000.00
1,005,000.00
970,000.00
848,000.00
550,000.00
865,000.00
700,000.00
832,000.00
410,000.00
510,000. 00
800,000 00
500,000.00
280 000 00
350,000.00
1,324,000.00
355,000.00
575,000.00
3,755, 000.00
3,825,000.00
5,670,000.00
7,285,000.00
Paid by t h e 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—Con.
Cincinnati—
In December
New Orleans—
In January
I n Februarj'^
• I n March
I n April
I n May
I n Junie
In July .
I n August
I n September
I n October
In November
In December
.
. .
.-
Silver certificates.
Total.
$50,000.00
$120,000.00
70,000.00
60,000.00
20,000.00
6,000.00
Total-
18,474,000.00
3,693,000.00
3,062,000.00
25,229,000.00
St. Louis—
I n October
In November
2,455,000.00
125,000.00
475,000.00
60,000.00
295,000.00
65,000.00
3,225,000.00
250 000.00
Total
2,580,000.00
535,000.00
360,000.00
3,475,000.00
1904—Receipts:
In January
In February
In March
.
I n April
I n May
In June
In July
-.
In August
In September
I n October
In November In December
•
"
Total
'---.
-
650,000.00
2,345,000.00
600,000.00
100,000.00
260,000.00
2,735,222.00
650,000.00
2,345,000.00
600,000.00
100 000 00
250,000.00
2 735 222 00
2,000,000.00
7,075,000.00
2,835,000.00
4,530,000.00
4,530,000.00
2,000,000.00
7 075,000 00
2,835,000.00
4 530 000 00
4,530,000.00
27,650,222.00
27,650,222.00
Washington—
In June -- - I n October
100,000.00
Total.
100,000.00
Baltimore—
In February
In October.
Total.
60,000.00
25,000.00
..
86,000.00
.
Cincinnati—
In September
Chicago—
I n March
I n August
I n September
I n October
In November
•-
Total
Total
100 000 00
50,000.00
50,000.00
150,000.00
190,000.00
40,000.00
155,000.00
35,000.00
405,000.00
100,000.00
230,000.00
190,000.00
505,000.00
°
Boston—
I n October
N e w Orleans—
In January
In February
In March ..
I n April
In June
I n August
I n September
I n October
In November
In December
60,000.00
-
s
600,000.00
500 000 00
250,000.00
25,000.00
26,000.00
300,000.00
970,000.00
696,000.00
1,000,000,00
400,000.00
180,000.00
145,000.00
350,000.00
10,000.00
3,366,000.00
325,000.00
360,000.00
4,050,000.00
420,000
1,375,000
240,000
100,000
320,000
380,000
2,462,000
705,000
1,850,000
890,000
146,000
160,000
85,000
405,000
60,000
56,000
80,000
810,000
260,000
320,000
40,000
125,000
40,000
653,000
220,000
110,000
650,000
1,940,000
300,000
100 000
500,000
500,000
3,926,000
1,185,000
2,280,000
930,000
8,742,000
1,870,000
1,698,000
300,000.00
300,000. 00
1,500,000.00
850,000.00
1,000,000.00
400 000 00
12,310,000
139
TEEASUEEE.
Gold coin and United States
certificates.
notes.
Transactions.
1904—Receipts—Continued.
San Francisco—
In May
In J u n e .
In September
In November . In December
Silver certificates.
Total.
$250,000
2,135,222
2,000,000
1,860,000
3,600,000
$260,000
2,135 222
2,000,000
1 850 000
3,600,000
Total
9,835,222
9,835,222
1905—Receipts:
In Januarv
In March
. .In April
In May - In .lune
In July - .
In August
In September
1,013,034
440,000
750,000
4,100,000
2,700,000
1,040,000
4,996,000
2,000,000
Total
17,038,034
-
Paid by the Treasurer and assistant
treasurers United States:
Cincinnati—
In March
In September
Total
New Orleans—
In March
..
In May
In June
In July
In August
In September
Total.
.
.
-
•
-
. --
$65,000
1,013,034
505,000
750,000
4,100,000
2,700,000
1 040 000
4,995,000
2,000,000
65,000
17,103,034
280,000
44,000
$69,000
19,000
16,000
37,000
355,000
100,000
324,000
78,000
63,000
456,000
120,000
100,000
370,000
860,000
1,495,000
350,000
28,000
2,000
30,000
110,000
70] 000
170,000
180,000
150 000
100,000
400 000
1,040,000
1,495,000
700,000
3,296,000
338,000
252,000
3 885 000
• San Francisco—
In January
In April
In May
In June
In September
1,013,034
750,000
4,000,000
2,300,000
500,000
1,013,034
750,000
4,000,000
2 300 000
600,000
Total
8,663,-034
8,563,034
Baltimore—
In September
Chicago—
In August
St. Louis—
In September
.40,000
60,000
100,000
2,800,000
650,000
150,000
3,500,000
220,000
200,000
^^180,000
600,000
DEPOSITS WITH TH.E ASSISTANT TREASURER OF THE UNITED STATES, CHICAGO, FOR
PAYMENT IN NEW ORLEANS.
1904-Receipts:
In September
In November
$50,000
50,000
$50,000
50,000
Total
100,000
100,000
Paid by the assistant treasurer of the
United States, New Orleans:
In September
In November
Total
25,000
50,000
$10,000
$16,000
60,000
60,000
76,000
10,000
16,000
100,000
140
REPORT
DEPOSITS
OF
GOLD
OH
THiE
FINANCES,
B U L L I O N AT M I N T S
AND
ASSAY
OFFICES
FISCAL
YEARS 1903, 1904, AND 1905.
The deposits of gold bullion at the mints and assay offices during
the past three fiscal years, exclusive of redeposits, domestic coin
mutilated and abraded, and transfers from Treasury for recoinage,
were as stated below:
1903.
1904.
$1,322,361.73
40,372,005.08
602,046.72
61,962,719.08
15,369,200.61
271,622.06
1,336,902.09
2,400,944.89
245,876.81
119,534.76
964,184.22
11,176,137.03
$1,654,111. 24
• 71,362,253.25
651,504.55
66,171,083.37
13,171,510.63
176,967.85
1,091,200.72
2,682,021,38
• 237,896.17
324,957.47
953,663.65
17,227,396.49
$2,449,309.04
48,817,162.46
668,394.02
46,146,494.96
22,202,567.00
29^,287.44
1,035,764.56
•2,476,999.09
255,062.73
425,041.68
1,043,181.54
14,935,826.26
126,043,635.07
175,693,665.77
140,649,090.27
Office.
Philadelphia
San Francisco
New Orleans
New York. Denver
Carson
Boise
Helena
Charlotte
St. L o u i s
Deadwood
Seattle
.
.
.. -.
.
'
Total
.
EXCHANGE
FOR
GOLD
•
RECEIVED
AT
MINTS AND
1905.
ASSAY" O F F I C E S .
For gold deposited at the assay office in New York, payment is made
by check on the subtreasiiiy in that cit}^ A t the other assay offices
and the mints the depositors receive for their gold, currency, checks
on .the treasury office in subtreasury cities, or on local depositary
banks, or exchange, at their option. During the last fiscal 3^ear $45,000
in gold coin was transferred from San Francisco to Carson and
$2,080,000 to Seattle, to be used in payment when coin was desired.
The exchange given to facilitate these transactions during the fiscal
years 1903, 1904, and 1905 is reported in the following table:
E X C H A N G E P A I D FOR G O L D RECEIVED AT WESTERN M I N T S AND ASSAY OFFICES.
Exchange.
United
states mint,
Denver.
United States assay office.
Boise.
Deadwood
Seattle.
ON CHICAGO.
Fiscal year 190S.
1902-July
August
September.
October
November .
December..
1903—January . . .
February . March
April
May
June
Total.
$600,000
600,000
658,773
600,000
500,000
500,000
500,000
500,000
500,000
500,000
600,000
600,000
$100,000
150,000
100,000
50,000
100,000
50,000
50,000
50,000
100,000
60,000
160,000
$76,000
160,000
75,000
75,000
75,000
76,000
75,000
76,000
76,000
74,574
75,000
75,000
6,168,773
950,000
974,574
500,000
1,000,000
50,000
100,000
60,000
60,000
100,000
76,000
$300,000
250,000
Mscal year 190A.
1903—July
August
September.
October
November .
December..
600,000
75,000
76,000
75,000
76,000
300,000
1,300,000
141
TEEASUEEE.
EXCHANGE P A I D FOR GOLD RECEIVED AT WESTERN MINTS AND ASSAY OFPICES-
Continued.
United States assay office.
United
Exchange.
Denver.
Boise.
Deadwood.
Seattle.
ON CHiOAGO—continued.
Fiscalyear iPOA—Continued.
1904—January
February
March . - April
Mav- ' June
.'..
Total
1904—July
August
September
October
November
December1906—January
February
March '.
April
MayJune
Fiscal year 1905
;
---
--
Total
$600,000
$50,000
500,000
500,000
500,000
500,000
50,000
7,644
50,000
150,000
$76,000
75,000
76,000
150,000
75,000
160,000
4,500,000
657, 644
975,000
1,000,000
500,000
600,000
195,646
1,000,000
600,000
2,000,000
1,000,000
2,500,000
2,000,000
1,000,000
2,000,000
100,000
50,000
50,000
160,000
56,666
150,000
75,000
76,000
76,000
160,000
76,000
76,000
75,000
150,000
75,000
14,195,646
661,870
975,000
60,000
11,870
100,000
$1,600,000
Fiscal year 1906.
1905—July
August
September
1,000,000
2,000,000
2,000,000
.'
Total
75,000 •
76,000
75,000
6,000,000
225,000
United States mints.
Exchange.
Denver.
New
Orleans.
400,000
200,000
600,000
Unitec1 States assay offices.
San Francisco.
Boise.
Charlotte.
Seattle.
ON N E W Y O R K .
Fiscal year 190S.
1902—July
August September
October
November
December
1903—January
February
March
April
May
June
$1,100,000
900,000
936,244
726,000
386,000
1,000,000
800,000
600,000
1,000,000
600,000
800,000
800,000
$2,000,000
2,000,000
2,000,. 000
Total
9,646,244
6,000,000
Fiscal year 190U.
1903—July
August
September October
November
December
1904—January
February
March
April
Mav
June
Total
,
900,000
600,000
400,000
600,000
800,000
800,000
800,000
600,000
800,000
800,000
600,000
600,000
8,300,000
. $20,000
20,000
20,000
40,000
20,000
20,000
i2,256
20,000
$2,000,000
1,000,000
1,000,000
2,000,000
500,000
200,000
20,000
2,000,000
i, 666,666
192,250
6,700,000
20,000
20,000
20,000
25,000
20,000
5,000,000
1,000,000
2,000,000
2,000,000
500,000
20,000
1,000,000
20,000
20,000
20,000
200,000
4,000,000
185,000
13,200,000
2,600,000
—
142
REPORT ON T H E FINANCES.
EXCHANGE P A I D FOR GOLD RECEIVED AT WESTERN MINTS AND ASSAY OFFICES-
Continued.
United States mints.
Exchange.
United States assay offices.
New
Orleans.
San Francisco.
$600,000
800,000
800,000
686,602
700,000
600,000
800,000
600,000
1,200,000
600,000 $300,000
600,000
600,000
$1,000,000
Denver.
Boise.
Charlotte.
Seattle.
ON NEW YORK—continued.
Fiscal year 1905..
1904—July
:
Sentember
October
November
December
1905—Januarv
February
Marcli
April
May
June . .
. .
1,500,000
$50,000
60,000
40,000
20,000
20,000
20,000
20,000
20,000
300,000
20,000
3,700,000
100,000
240,000
13,000,000
800,000
600,000
600,000
2,000,000
60,000
50,000
150,000
20,000
20,000
3,000,000
3,000,000
2,000,000
2,000,000
2,000,000
250,000
40,000
8,000,000
Fiscal year 1906.
1905_July . - August
September. Total
2,000,000
$3,000,000
3,000,000
1,000,000
2,000,000
6.000,000
8,586,602
Total
$40,000
20,000
20,000
i,566,666
300,000
United
States mint,
Carson.
Exchange.
United States assay
offices.
Boise."
Seattle.
ON SAN FRANCISCO.
Fiscal year 190S.
1902—Julv
August
September
October
November
1903—February
March
June
$50,000
50,000
-
-
-
Total
Fiscal year 190U.
1903—July
August
September
October
November
December
1904—January
May
June....
60,000
50,000
60,000
200,000
300,000
^
1
60,000
50,000
.
Total
100,000
Fiscal year 1905.
50,000
50,000
50,000
50,000
.'
Total....
60,000
60,000
50,000
60,000
50,000
50,000
46,492
60,000
60,000
446,492
60,000
60,000
, 26,661
50,000
60,000
50,000
50,000
250,000
276,661
50,000
50,000
50,000
60,000
^
Fiscal year 1906.
1905—July
August
September
Total
56,666
50,000
50,000
. . . .
1904—August
September
October
November
1906—January
March
April
June
$60,000
60,000
-..
- -
$100,000
100,000
143
TREASURER.
EXCHANGE P A I D
FOR
GOLD RECEIVED AT WESTERN MINTS AND
ASSAY
OFFICES-
Continued.
United States
assay office at
Helena.
Exchange.
ON PHILADELPHIA
Fiscal year 190S.
1902—July
October
November
December
1903—February
March
April
May
$600,000
100,000
200,000
100,000
100,000
100,000
100,000
200,000
Total
1,400,000
Fiscal year 190U.
1903—July
August
December
1904—January
May
100,000
760,000
100,000
400,000
300,000
1 .•...
Total
1,650,000
Fiscal year 1905.
1904—August
October
December
1905—January
February
June
300,000
260,000
250,000
260 000
25L 000
250,000
Total
1,550,000
Fiscal year 1906.
1906—August
300,000
GOLD R E C E I V E D I N SAN F R A N C I S C O , P A I D F O R B Y T E L E G R A P H I C
C H A N G E ON N E W Y O R K .
EX-
The deposits of gold in San Francisco for telegraphic exchange on
New York during the fiscal year 1905 amounted to $31,082,959.68,
the greater part of which was in new product of the mines, and
undoubtedly would have been deposited in the assay office at Seattle
but for the advantages of transportation and time saved to the depositors through the telegraphic exchange granted.
The details, by months, for the past two years are stated below:
A M O U N T S D E P O S I T E D I N G O L D I N S A N F R A N C I S C O A N D P A I D B Y T R A N S F E R TO N E W
YORK.
July
August
September.
October
December-.
January^-..
February :
March
April
May
June
Proceeds of
Japanese yen. other foreign
coin.
New product
of the mines.
$1,450,000.00
2,401,029.67
2,644,863.87
363,668.67
$1,399,960.41
702,000.00
" 1,176.000.00
278;000.00
1,306,900.00
$2,849,950.41
3,103,029. 67
3,819,853.87
641,668.57
2,849,721.28
1,170,300.00
1,067,800.00
1,195,500.00
1,068,100.00
68,000.00
911,262.50
4,086,481.16
5,668,886.84
6,953,653.93
9,600,167.52
8,472,624.69
3,860,705.08
10,311,802.91
51,796, 743.02
$996,248.86
1904.
Total.
647,672.42
2,916,181.16
4,601,086.84
6,758,153.93
8,442,067.52
8,414,624.69
2,949,452.68
34,077,815. 58
7,407,124.63
Total.
144
REPORT ON T H E FINANCES.
AMOUNTS DEPOSITED IN C4OLD IN SAN FRANCISCO AND P A I D BY TRANSFER TO N E W
YORK—Continued.
Japanese yen.
Proceeds of
other foreign
coin.
New product
of the mines.
$4,537,767. 62
1-, 167,880.09
591,000.00
1,478,200.00
' 271,100.00
$2,611,998.01
79,848.77
2,453,150.01
289,700.00
$2,052,600.00
2,056,006.26
1,833,609.92
3,012,000.00
1,306,000.00
474,000.00
$6,690,267.62
5,835,883. 36
2,504,458.69
6,943,350.01
1,866,800.00
474,000.00
1,935,000.00
1,126,000.00
1,140,000.00
764,700.00
167,000.00
1,736,500.00
1,935,000.00
1,125,000.00
1,140,000.00
764,700.00
167,000.00
1,736,600.00
17,602, 316.18
31,082,959.68
July
August
September October
November December..
January-February .
March —
April..May
,-June
1905.
Total-
8,045,947. 71
6,434,696.79
ACCUMULATION OF GOLD AT SAN FRANCISCO.
The accumulation of gold in the subtreasury and mint at San Francisco becomes an absorbing question, as there is but small demand for
a return movement whereby deposits may be accepted in New York
for exchange on San Francisco. Circumstances appear to have favored
the accumulation, and will continue, unless ways be devised by which
the holdings in excess of local demands may be shifted to other points.
If this can not be achieved, it will ultimately lead to the necessity of
transporting this excess of gold coin from the Pacific coast.
The holdings of gold in the subtreasuiy and mint at San Francisco
on June 30, 1897 and 1905, are compared in the annexed statement:
Office and kind.
Subtreasury—Gold coin
Mint:
Gold coin
Gold bullion
.
Total
Less order gold certificates outstanding
Netgold-
June 30,1897.
June 30,1906.
$14,236,801
$3,959,673
3, 664,880760,161
224,946,366
7,777,577
18,661,842
976,000
236,682,616
3,485,000
17,686,842
233,197,616
Net increase.
$215,610,773
S H I P M E N T S O F C U R R E N C Y F R O M WASJ H I N G T O N .
The amount of currency shipped from the Treasury in Washington
during the last fiscal year was $24,018,143 less than in 1904, while the
number of packages sent awa}^ increased from 75,713 to 80,698, or 6.5
per cent. It will be observed that the packages forwarded to banks
and others were 5,297 more numerous and were worth 138,461,082
more in 1906 than in 1904.
145
TREASURER.
The details for 1904 and 1905, by months, were:
S H I P M E N T S O F M O N E Y S FROM W A S H I N G T O N F O R F I S C A L Y E A R
1904.
[Cents are omitted in this table.]
Assistant treasurers.
Registered mail.
Numberof
pack-
Month.
1903.
July
,
August
September.
October
November ..
December..
1904.
January
February . .
March
April
May
,
June
Total.
Banks and others.
Total by express.
Number of
packages.
Amount.
Number of
pack-
Amount.
3,639 $14,069,923
3,674 12,106,376
4,219 12,687,166
4,292 16,158,278
3,633 12,546,756
4,290 16,799,868
5,112
4,767
6,422
6,776
4,703
6,694
$42,868,923
37,392,376
41,683,166
60,636,278
41,756,766
44,949,868
43,726,000
26,440,000
20,736,000
41,924,000
25,998,000
23,356,000
3,794
3,386
4,164
4,239
4,277
4,206
16,778,131
14,246,315
16,931,496
17,914,786
18,423,732
17,816,003
4,832
4,601
.6,209
6,327
6,383
5,346
60,604,131
39,686,316
36,667,496
69,838,786
44,421,732
41,172,003
667,021 14,258 367,000,000
47,703
184,466,817
Number of
packages.
Amount.
974
981
1,075
1,137
1,198
1,384
$49,276
53,059
47,376
68,517
61,770
66,907
1,314
1,182
1,266
1,152
1,044
1,046
81,334
63,654
58,760
46,200
44,476
47,803
13,762
1,473 $28,799,000
1,183 26,286,000
1,203 28,996,000
1,483 44,378,000
1,070 29,211,000
1,304 29,150,000
1,038
1,115
1,065
1,088
1,106
1,140
61,961 561,466,817
RECAPITULATION.
Number
of packages.
Registered mail
Express
..
Total
..
. .
-
. ...... .
Amount.
13,752
61,961
$667,021
651,466 817
75,° 713
662,133,838
S H I P M E N T S O F M O N E Y S FROM W A S H I N G T O N FOR F I S C A L Y E A R
1905.
[Cents are omitted from this table ]
Month.
1904.
July
August
.".
September..
October
November ..
December. -.
1905.
January
February . . .
March
April
May
June
Total
Registered mail.
Assistant treasurers.
Banks and others.
Total by express.
Nuniber of
pack-
Number of
packages.
Number of
packages.
Number of
pack-
Amount.
927
1,140
1,049
1,141
1,237
L373
$40,979
66,270
45,384
46, 726
68,679
84,467
1,061 $39,196,000
1,262 26,956,000
1,302 30,856,000
1,236 28,672,000
969 24,443,000
1,104 19,706,000
3,792 $16,874,600
4,280 16,263,732
4,827 17,676,779
4,729 18,267,064
4,137 15,630,064
4,514 19,871,833
4,853
6,642
6,129
6,965
6,096
6,618
$55,070,500
43,219,732
48,631,779
46,939,064
40,073,064
39,677,833
1,350
1,109
1,284
1,220
1,164
1,078
74,317
66,906
71,982
66,812
67,853
67,530
1,047 19,798,000
976 20,044,000
1,114 21,296,000
1,020 21,143,000
1,125 21,466,000
1,420 30,876,000
4,328 19,609,867
3,851 17,947,716
4,629 20,366,767
4,667 20,227,694
4,788 21,146,763
4,668 20,047,230
6,376
4,827
6,743
5,677
6,913
6,988
39,407,867
37,991,716
41,662,767
41,370,594
42,611,753
60,923,230
14,072
735,794
13,626 304,452,000
53,000 222,927,899
66,626
527,379,899
RECAPITULATION.
Number
of
packages.
Total by express
Total by registered mail
Total
H.
--
. .
DOC.
9, 59-1
10
Amount,
66,626
14,072
$627,379,899
735,794
80,698
628,116,693
146
REPORT ON T H E
FINANCES.
REDEMPTIONS AND EXCHANGES.
The moneys received in the redemption and exchange account during the fiscal year 1905 attained a maximum at $1,150,625,763, and
were equal to 44 per cent of the total money circulation of the country
at the close of the j^ear.
The ratio of each kind received to the amount of like kind in circulation July 1, 1905, was, gold coin 5.2 per cent, gold certificates 51.4
per cent, silver dollars 64.3 per cent, silver certificates 84.6 per ceht,
subsidiary silver 48.1 per cent. Treasury notes 27.3 per cent. United
States notes 36.7 per cent, and national-bank notes 52.6 per cent.
The details are recorded in the table following:
K I N D S OF MONEY RECEIVED AND , P A I D IN REDEMPTION AND EXCHANGE ACCOUNTS
AT TREASURY OFFICES DURING THE FISCAL Y E A R 1905.
RECEIPTS. .
Kinds of money received by Treasury offices.
United
NationalGold coin Silver coin
notes bank notes
and certifi- and certifi- states
and
Treas- and minor
cates.
cates.
ury notes.
coin.
Account.
Receipts for currency outstanding
June 30,1904
$141,960
Moneys received during the year . . . 286,311,805
Less outstanding receipts June 30,
1905...
Net receipts'for which payments were made
Total.
$1,794,453
$976,346
481,864,73L 124,702,641
$62,357
$2,975,106
258,746,686 1,150,625,763
258,809,043 1,153,600,869
286,463,755
483,659,184
125,678,887
141,120
1,493,816
1,039,625
285,312,636' 482,165,368
124,639,262
48,070
2,722,631
258,760,973 1,150,878,238
PAYMENTS.
Kinds of money paid by Treasury offices.
Transfer
checks.
For gold coin and
For silver coin and
For United States
Treasury notes
For national-bank
minor coin
Total.
certificates.
certificates.
notes and
Gold coin Silver coin
and certifi- and certificates.
cates.
United
states
notes.
Nationalbank
notes and
minor
coin.
Total.
$261,912,294 $19,257,268
$873,225 187,216,765 274, 296, 597
$1,872,<
!, 270,985 $285,312, 635
19,301,024
482,165,368
477,757
124,639,262
11,868,254 28,699,551 83,164,837
notes and
916,620
107,623,489
4,992,090 121,390,587 24,248,474
258,760, 973
506,333
108,496,714 466,979,403 443,643,993, 128,586,433 4,171,6951,150,878,238
REDEMPTION
OF NATIONAL-BANK
NOTES.
There was an increase of $46,484,711 during the fiscal j^ear in the
amount of national-bank notes outstanding, and one of $46,156,830 in
the amount received for redemption. The increase in the circulation
was 10.35 per cent, and in the redemptions 17.61 per cent. The
amount received for redemption, $308,298,760, the largest for an}^ like
period in the history of the redemption agency, was 65.84 per cent of
the average amount of notes outstanding. This percentage has been
exceeded twice, as redemptions of $242,885,375 in 1877, were 75.47
per cent of the notes outstanding, and $213,151,458 in 1878, 66.48 per
cent. The variations in the amount of the monthly redemptions were
between $18,187,050 in September, and $35,687,232 in January.
147
TREASURER.
Of the average amount of the $5 notes outstanding there was 71.74
per cent redeenied; of the $10 notes, 60.89 per cent; of the $20 notes,
62.33 per cent; of the $50 notes, 74.32 per cent, and of the $100 notes,
88.07 per cent.
The payments for the net proceeds of the notes redeemed consisted
of $146,595,108 in United States currency, mostly in denominations of
ones, twos, and fives, and of $107,599,547 in checks, and of $52,622,702
in credits.
The amount of redeemed notes assorted and delivered from the
agency was $306,561,620; of these, $106,286,870 were fit for circulation and were returned to the banks of issue, and $174,417,382 were
unfit for circulation and were delivered to the Comptroller of the Currency for reissue, and $25,857,368 of the notes of banks whose circulation was being wholly or partly withdrawn, were delivered to him for
retirement.
The deposits on account of the reduction or retirement of circulation amounted to $24,164,169.
Inclusive of charges for transportation, salaries, stationery, and contingent expenses, the total costs for the year were $247,973.26, which
have been assessed upon the banks at the rate of $0.80jVro for each
$1,000 of their notes redeemed.
EXCHANGES FOR THE GOVERNMENT OF THE PHILIPPINE ISLANDS.
The government of the Philippine Islands continued during the last
fiscal year to return coins of the United States for exchange.
The aggregate, b}^ kinds and amounts, returned to June 30, 1905, is
stated beiow:
Standard silver dollars
Subsidiary silver coin
Minor coin
|437, 578. 00
414, 561. 05
33, 288. 80
}
Aggregate
" 885, 427. 85
RECOINAGE OF GOLD, SILVER, AND MINOR COINS.
The amounts of uncurrent gold, silver, and minor coins reminted
during the fiscal year 1905, were as here stated:
1904. •
Denomination.
Double eagles
Eagles
Half eagles
Quarter eagles
Three-dollar pieces
One-dollar pieces
Face value.
-
.
-
Total gold
Half dollars
Quarter dollars
Twenty-cent pieces
Dimes
Half dimes
Three-cent pieces
Total silver
Minor coins
Aggregate
- --
$544,720.00
377,420.00
538,030.00
13,077.50
8L00
63.00
1,473,391. 50
-
Loss.
Face value.
$578,880.00
656.820.00
1,619,235.00
26,565.00
45.00
63.00
11,347.04
1,248,506.50
873,726.75
355. 60
704,289. 00
1,409.85
97.20
2,780, 608.00
Loss. •
°
$20,079. 62
792,928.00
681,603. 00
281.00
588,610.00
1,098.05
156.06
2,828,384. 90 172,280.69
181,303.75
4,483,080.15
1905.
1,964,476.11
125 256.87
201,625.00
183,627.73
4,946,709.11
145,336.49
148
REPORT ON T H E
FINANCES.
SPURIOUS ISSUES DETECTED IN 1 9 0 5 .
The total receipts of each kind of money on all accounts at the
Treasury offices during the fiscal year 1905, were:
Gold coin
Standard silver dollars.
Subsidiary silver coin.
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Fractional currency
Old demand notes
Compound-interest notes
One and two year notes
Seven-thirty n o t e s . . l
$136,087,197
• 50, 264, 336
50, 787,629
522, 396, 832
6,190, 354
356, 835,969
2, 059,041, 050
1,161,544,156
6, 456, 241
2, 039
565o
"
360
^
125
300
*-
Total
4, 349, 607,153
In the handling of this vast amount the experts detected of spurious
issues, only $12,720.07, in nominal value in all kinds, '
The items are set forth below:
Minor
coins.
Denomination.
One cent
Two cents
Three cents
Five cents
Ten cents
Twenty-five cents
Fifty cents . One dollar
Two dollars
Quarter eagles .i
Three dollai s
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars
Total
124.10
$0.03
.05
.40
19.75
l\3.50
$381.90
685.50
1,181.50
2,538.00
$8.00
15.00
10.00
-'
.381.94
163.73
4,786.90
70.50
Treasury NationalGold
Silver
notes of bank notes. certificates.
certificates.
1890.
United
states
notes.
$22 00
48.00
3 00
240.00
750.'00
1,100.00
1,250.00
300.00
3,713.00
Total.
$257 84
$5.00
60.00
$26.00
162.00
20.00
500.00
750.00
720. 00
100.00
200. 00
385.00
190.00
$200.00
100.00
03
124.16
382 30
705 25
1,826.00
2,599.00
306.00
37 50
3.00
1 160 00
1,700.00
1,820.00
1,350.00
800.00
66.00
2,335.00
200.00
863.00
" 12,570.07
$36.00
1
Three compound-interest notes of $60 each were rejected.
Gold coins.
37.50
Denomination.
. Total
Silver
coins.
$257.84
:
One cent"..
Two cents
Three cents
Five cents
Ten cents
Twenty-five cents
Fifty cents
One dollar
Two dollars
Quarter eagles
Three dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Fractional
currency.
149
TREASURER.
SPECIAL TRUST FUNDS.
Two notes of the Central Pacific Railroad amounting to $5,881,271.56
were paid during the fiscal year 1905, and the bonds held to secure said
notes were released as the payments were made.
The special securities held in trust and the transactions therein during the last fiscal year are recorded in the table:
SPECIAL TRUST FUNDS IN THE CUSTODY OF THE TREASURER OP THE UNITED STATES
AT THE CLOSE OF THE FISCAL Y E A R 1905.
Account and kind of bonds, etc.
Held June
30, 1904.
Notes secured by bonds given by the Central Pacific Railroad to the Government
in settlement of the obligations of that
road:
Central Pacific Railroad notes
$29,406,357.80
Central Pacific Railroad bonds
29.407,000.00
State bonds belonging to the United States:
Louisiana States b o n d s .
37,000.00
North Carolina State bonds
58,000.00
336,666.661
Tennessee State bonds
United States bonds held under specific provisions of law for:
250,000.00
American Printing House for the blind.
76.000.00
Manhattan Savings Institution
60,000.00
North American Commercial Company
Held for the Secretary of War:
Captured bonds of the State of Louisi646,480.00
' ana
..
. ..
Held for the Secretary of State:
A package sealed and said to contain
600,000.00
Spanish " certificates of inscription".
Held for the District of Columbia:
4,149,960.00
3 65 per cent bonds (unsigned)
295,980.00
Bonds for account of District contractors
84,285.00
Chesapeake and Ohio Canal bonds
Aergregate
65,294,719.461
Deposited
V^ithdrawn
Held June
during 1906. during 1905. c 30, 1906.
$5,881,271.56 $23,526,086.24
6,881,000.00 23,526,000 00
37 000 00
68,000.00
335,666.66|
250,000.00
75,000.00
60,000.00
646,480.00
600,000.00
$46,950.00
1,554,600.00
88,630.00
46,950.00 13,406,401.66
2,696,450.00
264,300.00
84,286.00
61,936,267.901
DISTRICT OF COLUMBIA.
The transactions of the Treasurer of the United States, ex officio
commissioner of the sinking fund of the District of Columbia, pertaining to the aflairs of the District, are fully set forth in a separate
report.
During the fiscal year 1905, District of Columbia 3.65 per cent
bonds for $24,500 were issued and sold to the sinking fund at 118.50
flat, and the proceeds applied to the payment of judgments of the
Court of Claims against the District. During the same period the
bonds of the funded debt retired amounted to $465,850, resulting in
a net reduction of $441,350 and of the annual interest charge by
$16,109.27.
From July 1, 1878, to the close of the fiscal year 1905 the bonded
debt was increased by the issue of 3.65 per cent bonds for $1,254,050,
and decreased by the operations of the sinking funds, and otherwise,
$11,309,350, making a net reduction of $10,055,300 and of the annual
interest charge $575,884.85. The interest-bearing bonds of the funded
debt outstanding June 30, 1905, were $12,051,350.
Since the close of the fiscal year the debt has been further reduced
by the purchase of 3.65 per cent bonds for $216,350. This leaves outstanding October 1, 1905, $11,835,000, bearing 3.65 per cent interest.
150
REPORT ON THE FINANCES.
At the close of the fiscal 3^ear the 10 per cent guarant}^ fund held
for account of District contractors amounted to $349,415.21, and was
credited to 107 separate contracts. Of this sum, $284,808.78 is
invested in bonds purchased at the request and at the risk of contractors, leaving $64,606.43 uninvested. The law requires these funds to
be invested in United States or District of Columbia bonds, but there
is now but one interest-bearing bond of the District outstanding, and
the United States bonds command such a high premium that many of
the contractors prefer to leave their nioney uninvested. It is therefore recommended that Congress be asked to authorize the Treasurer
to purchase for account of these funds, when requested to do so by the
contractor, any bonds that are now or may hereafter be approved by
the Secretary of the Treasury, as security for deposits of-Grovernment
funds in national banks.
The receipts during the year for account of the police relief fund
were $65,588.55, and for account of the firemen's relief fund, $22,018.37.
These sums were advanced to the Commissioners of the District in
monthly installments.
There has been a continuous growth in the work of the office, as
evidenced by the record presented on the preceding pages, together
with the additional duties performed as enumerated in the statement
following:
LETTERS RECEIVED.
Letters
Letters
Letters
Letters
Letters
received by open mail
received by registered mail
received containingbonds, currency, etc
referred to other bureaus
briefed and recorded
:
228,981
. 26, 609
13, 896
3,585
34,311
LETTERS S E N T AND SIGNATURES- ATTACHED
Letters sent by open mail
492, 744
Interest checks mailed
196, 059
Value of interest checks mailed
$21,025, 381. 95
"Letters sent by registered mail ..^
17, 850
Letters and forms bearing autograph signatures
38, 695
Autograph signatures to warrants, transfers, checks, requisitions,
receipts, and bonds
658, 672
Forms bearing printed signatures, etc., mailed
397, 025
Printed noticesanailed
223, 629
Value of registered letters sent
:
$28,957,508.11
Value of registered letters containing currency, bonds, etc., received. |19,458, 744. 05
Signatures of Treasurer United States, account sinking fund, office
District of Columbia
1,817
Blank checks issued to disbursing officers
•.
62, 800
Upon the termination of the administration of Hon. Ellis H. Roberts,
June 30,1905, the duties of the office of Treasurer of the United States
devolved upon the present incumbent.
The transfer involved an examination of the moneys, securities, and
other evidences of value that came into the Treasurer's immediate
charge^) amounting to $1,259,598,278.58f. The examination was concluded September 18, 1905, and the Department had, from the report
of the committee in charge, the most satisfactory assurance that the
funds transferred were absolutely correct.
TREASURER.
151
The accurac}^ indicated by this result is undoubtedly the best comment on the zeal and active interest which the staff, chiefs of divisions,
clerks of every grade, and every person employed in the office have
taken in the performance of their responsible duties, and by which
they have earned the confidence of the incumbent and justified that of
of his predecessors.
Respectfully,
CHAS. H . TREAT,
Treasurer ofthe IJnited States.
Hon. L E S L I E M . SHAW,
Secretary of the Treasury.
APPENDIX TO REPORT OF THE TREASURER.
]Vo. 1.—REVENUES AND EXPENDITURES FOR THE FISCAL Y E A R 1905, AS SHOWN BY
WARRANTS ISSUED.
Revenues.
Customs
Internal revenue
Lands
Miscellaneous
Commerce and Laboi.
Interior, civil
Treasury, proper
Diplomatic
Judiciary
War
Navy
Interior, Indians
Interior, pensions
Interest
Expenditures.
$261,798,866.91
234,096,740.86
4,859,249.80
43,620,837.29
Total-.
Public d e b t .
$368,884.64
74.442.16
$149,196.80
327.74
10,894,163.26
16,767, 806.41
81,837,076.06
2,621,816.18
7,366,366.40
122,176,074.24
117,650,308.18
14,236,073.71
141,773, 964.67
24,590,944.10
14,810.78
610,348.16
293,816.82
164,470.62
690,916.80
2,622,630.58
33,242.13
43,084.85
971.13
348,457.25
7,028,926.31 2,262,315.68
1,295,694.00 25,256,839.47
66,439.66
662,612.24
23.47
874,917.32
3,671.70
567,278,913.46
649,489,198.80
14,097,739.81 28,757,900.37
1,204,375,362.36 1,216,768,112.25
14,097,739.81 28,767,900.37
644,274,684.86
660,100,677.50
Aggregate ,
$23,430,412.36
6,034,922.00
Repayments Counter credfrom unexto appropended appro- its
priations.
priations.'
N o . 2 . — N E T ORDINARY REVENUES AND EXPENDITURES FOR EACH QUARTER OF THE
FISCAL Y E A R 1905, AS SHOWN BY WARRANTS ISSUED.
Account.
First quarter.
Second
quarter.
Third quarter.
Fourtli
quarter.
Total for
year.
REVENUES.
$66,062,860.88 $66,731,221.21 $68,165,820.32 $60,838,964.60 $261,798,856. 91
Customs
69,644,794.70 62,875,017.64 53,693,379.84 58,082,548.67 234,095,740.85
Internal revenue
4,859, 249.80
1,378,466.90 1,444,410.22 1,112,307.19
924,075.49
Lands
8,840,46i: 82 11,636,649.37 10,369,963.56 43,520,837.29
Miscellaneous revenue — 12,773,762.66
Total
139,769,876.03 139,891,110.89 134,408,166.72 130,216,642.21 644,274,684.85
EXPENDITURES.
36,617,720.69
41,916,242.29
31,411,688.67
3,002,56L 46
36,876,666.03
6,031,981.87
Civil and miscellaneous...
War Department
Navy Department
Interior, Indians
Interior, pensions
Interest on public debt —
Total
39,440,870.62
28,780,353.90
30,814,973.32
3,704, 610.48
35,463,916.60
6,918,486.49
35,092,618.28
27,836,598.44
27,141,845.11
4,644,356.74
35,622,290.26
6,586,094.48
36,801,339.06
23,641,879.61
28,181,801.08
2,984,646.04
33,811,102.68
6,054,381.26
146,962,648.65
122,176,074.24
117.650,308.18
14,236,073.71
141,773,964.57
24,590,944.10
165,856,860.00 144,123, 111. 41 136,823,802.31 130,476,149.73 667,278,913.46
Excess of expenditures
16,096,974.97
4,232,000.62
2,416,646.69
269,607.52
23,004,228.60
153
154
No.
REPORT ON T H E FINANCES.
3 . — R E C E I P T S AND EXPENDITURES ON ACCOUNT OF THE POST-OFFICE DEPARTMENT
FOR THE FISCAL Y E A R 1905.
Balance June
30, 1904.
Office.
Washington
-....
Baltimore
'^.
New York '.
Philadelphia
Boston
Cincinnati
• Chicago
• St. Louis
New Orleans
San Francisco
National-bank depositaries.
Unavailable i terns
Receipts.
Expenditures.
Balance June
30, 1906.
$452, 794.05 a$16,234,004.45
2,127,781.68
254, 660.63
32,371,912.52
2,100, 868.05
6,707,697.48
941, 064.16
4,487,028.19
830, 063.68
3,310,457. 51
680, 894.09
1,917, 216.02
13,838,695.91
6,755,921.51
623, 055.02
2,394,698.74
371, 987.44
2,688,389.32
506, 628.87
7, 235. 69
40,885.53
37, 277.06
$16,468, 753. 65
2,250, 412.37
32,055, 473.31
6,960, 128.48
4,199, 698.54
3,641, 073.51
13.665, 379.37
5,581, 046.22
2,403, 405.69
2,621, 543. 68
28, 777.35
$218,044.86
132,029.94
2,417,307.26
688,633.16
1,117,393.33
350,278.09
2,190,432.56
797,931.31
363,280.49
673,474.51
19,343.87
37,277.06
88,957,372.84
18,850,000.00
88,776,691.17
18,850,000.00
8,905,426.43
70,107,372.84
69,925,691.17
25,420,127.34
26,064, 616. 21
26,423,257.03
26,771,341.48
25,420,127.34
26,054,616.21
26,423,257.03
26,771,341.48
1,723,744.76
Total
Less—Transfers between offices.
Net receipts and expenditures by
Treasury offices
.Receipts and expenditures by postmasters:
For quarter ended—
September 30, 1904
December 31, 1904
March 31, 1906
:
June 30, 1905
i
174,776,614.90
Total.
174,694,933.23
8,905,426.43
a i n c l u d i n g deficiency a p p r o p r i a t i o n of $15,081,688.46.
N o . 4.—POST-OFFICE
DEPARTMENT WARRANTS ISSUED, P A I D , AND OUTSTANDING FOR
. THE F I S C A L Y E A R 1905.
Warrants drawn on—
Treasurer United States, Washington
Assistant Treasurer U n i t e d
statesBaltimore
New York
Philadelphia
Boston
Cincinnati
Chicago
St. Louis
New Orleans
San Francisco
Total
Number
Warrants of waroutstanding
rants
June
30, 1904.
issued.
Amount of
warrants
issued. ,
Warrants
Amount of
warrants paid. outstanding
June 30,1906.
2,091
$3, 796.28
$796,296.01
$797,077.06
$3,015.23
36,641
46,915
26,922
16,780
39,891
46,000
40,000
38,023
21,750
7,368.21
46,397.45
6,738.04
13,612.65
11,271.52
51,458.67
90,476.69
23,721.18
114,068.21
2,299,279.55
32,704,108.70
5,987,672.20
2,007,782.76
3,613,118.67
13,365,426.92
6,660,185. 61
2,275,213.71
2,663,618.60
2,249,990.74
32,066,474.55
6,960,145.16
1,999,598.54
3,341,976.80
13,265,226.00
6,681,336.96
2,202,782.02
2,472,812.87
56,647.02
694,031.60
33,265.08
21,696.76
182,413.29
151,658.49
169,326.36
96,162.87
204,873.84
312,013
366,7 1.70
71,172,701.52
69,926,419.69
1,613,080.63
155
TREASURER.
No.
5.—.RECEIPTS AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L ACCOUNTS
AT T H E T R E A S U R Y I N W A S H I N G T O N F O R T H E F I S C A L Y E A R
Gold cdin.
Account.
Standard
silver
dollars.
Subsidiary
silver.
1905.
United
States
notes.
Treasury
notes.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange .
Issues
$9,000
$31,166
19,400
136,363
Total.
726'
20
266,118
$25
$73,500
3,583
645
1,567
165,710
16
6
6
1,662,916
312,500
7,084
119,146,722
$2,629,561
200
179,028
2,071,515
2,422,187
18,185,395
126,530,000
935,439
365,956
2,347,379
2,693,744 265,918,317
3,565,000
13,669
1,532
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
Redemption and destruction
Five per cent fund
Total.
"83,'i28"
.
1,716,352
2,376
64
106,963
2,085
412
175,054
1,760
10,827
8,109
127,299
853,496
11,006
1,901
90
46,720
20
2
191,176
1
.1,175,499
143,000
14,077,609
175,561
88,924,941
19,990
337,930
11,138,040
126,110
22,341,014
381,228
1,805,410
52,660
126,530,000
3,565,000
2,643,301 ^66,053,483
3,565,000
I.
145,628
Nationalbank notes,
1,741,041
Gold certificates.
Silver certificates.
Minor
coin.
Total.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange .
Issues
Total .
$475,300
$552,346
$1,110,199
6,444,000
$5,000
39,500
726,700
• 268,767
293,130
56,789,047 183,766,940
1.827,850
• 523,187
581,670
255,897,730
689,304
462,642
55,958
249,715,042
7,319,040
122,190,000
59,865,268
316,300,000
306,817,356
320,215,110
636^766,955
2,343,990
38,237,560
438,310
94,861,120
•671,797
9,855,447
. 183,043
123,263,262
> 160
20,076
172
106,090
3,158,949
62,397,069
797,077
310,130,392
14,430
261,950
666,240
2.850,390
214,130
3,991,150
2,899,340
2,059,740
35,090
171,420,600
32,505
1,183,463
1,292,890
3,654,247
595,199
116,649,466
2,966,407
55,980,358
210,729
321,511,000
22,754
6,164
179,028
1,473,716
2,197,472
17,834,024
935,439
142,116,436
7,319,040
59,865,269
298,809
648,883,967
281,012 799
320,194,040
637,049,813
1,026
81
128
8,645
320,156
8,976,266
1,622,013
1,152,366 •
618,806,836
689,320
462,817
55,964
341,013,070
565,020,000
1,538,908,881
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
Redemption and destruction.
Five per cent fund
Total.
26,857,367
281,012,799
306,870,166
14,371
5,656
161,022
626
22
337,113
1,638,699^486
156
No.
REPORT ON T H E EINANCES.
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 BALTIMORE FOR THE FISCAL Y E A R 1905!
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
G o l d certificates
.
Redemption and exchange
Issues
-
. .
Total
DISBURSEMENTS.
$57,178
350
993
4,377
2,361
304,037
'500
2,285
1,100
1,730,000
770,938
1
2
44
700
$807
28
179
66
1,536
30,863
$710,439
4,050
66,867
291,784
118,696
6,020,243
16,050
74,523
13,193
$808
37
2@
655
419
21,044
20
419
60
1,275,340
2,602,480
3,034,843
25,055
2,874,119
1,277,812
2,635,949
10,340,687
.48,537
10,000
28
164,832
398,300
645
9,621
816
656,955
'' 639,320
2,340,994
494,256
3,489,000
48,500
$1,726
^
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
Subsidiary 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
G o l d certificates
S i l v e r certificates
Fractional currency
Minor coin
1,170
3,068
1,623,030
6,052
475,510
270,940
247,963
2,174,642
923,273
490,787
11
800,230
619,070
132,985
52
Nationalb a n k notes.
Account.
Gold cer" tificates.
6,700
426,799
370,400
J
Total
23,240
1,840,600
803,840.
22,648
2,614,139
10,356,797
Silver cerMinor coin.
tificates.
48,500
Total.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
D i s b u r s i n g officers
. .
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver dollars
Subsidiary silver
.
Minor c o i n . .
G o l d certificates
Redemption and exchange
Issues
Total
..
. .
$2,466,060
7,650
68,360
293,820
192,490
16,945,830
190,470
230,680
22,980
$179,382
9,467
42,014
488,475
210,173
„8,331,129
221,030
169,963
11,642
$46
3
23
7
193
42,084
1,030,840
14,716,330
8,920,000
6,803,761
708,920
4,032,912
44,063,660
16,457,036
751,276
81,471,988
4,051,000
5,770,520
5,324,245
1,636,120
13,218,000
57,204
1,069,897
118,717
8,689,016
66
899
82
41,595
6,367,756
8,755,584
2,249,990
30,757,197
2,512,786
617,670
755,760
527
636,630
3,387
30,446
500
6,390
14,790
4,853,218
180,689
1,896
224,220
214,910
89,176
2,520,937
1,277,440
2,596,360
3,034,843
25,055
1,030,840
14,716,330
5,803,761
52
708,520
766,920
79,844,664
$2,130
1,616
317,805
201,870
2,347,407
i26,405
4,940
$3,416,435
23,715
169,972
1,396,981
727,781
34,043,337
428,070
594,275
53,916
1,730,000
29 968 507
8,920,000
DISBURSEMENTS.
W^arrants a n d c h e c k s
D i s b u r s i n g officers ?
Post-Offiice 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
Subsidiary silver
United Statesnotes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates.
Silver certificates
Fractional currency
Minor coin
Total
13,214,410
54,630
4,051,000
336,340
1,780
43,440,380
16,479,113
157
TREASTJEER.
'Xo. 7.—RECEIPTS AND DISBURSEMENTS OF EACH K I N D OF MONEY ON A L L ACCOUNTS
AT THE SUBTREASURY IN N E W YORK FOR THE FISCAL YEAR 1905.
Account.
Gold coin.
Standard
silver
dollars.
Subsidiary
silver.
United
States
notes.
Treasury
notes.
RECEIPTS.
Customs
Internal revenue
Miscellaneous.
i
Disbursing officers
Post-Office Departrnent
Transfers
Gold bars
standard silver dollars
Subsidiary silver
:•
Minor coin
Gold certificates
Redemption and exchange
Special customs deposit ..
Issues
$2,607,801
18,440
27,500
680,700
$180,185
$2,709
1,100
7,917
10,.000
136
2,227
109
173,854
13
1,999
6,000
Total
$2,052,642
8
117,318
22,701
923,376
32,672,808
• $242,099
278,520
419,359
56,925
30,000
15,099,050
6,614,174
18,697,849
131
64,289,308
12,848
702,658
18,369,491
6,813,376
18,879,026
100,745,813
944,657
275,728
3,279
1,711
85,594
. 19,830
4,884,629
1,626,499
5,886,913
60,020,000
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
Clearing-house balances
Total
Account..
967,000
3,216
:
612,322
. 61,903,300
i, 702, ioo
369,200
62,179,028
3,601,078
Nationalbank notes.
Gold certificates.
44,972,934
531,700
11,070,100
31,700
350
143
263,791
18,223,748
100,151,084
Silver cer- Minor coin.
tificates. .
967,000
Total.
RECEIPTS.
Customs...
Internal revenue.
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Gold bars
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Special customs deposit
Issues
Total
$171,772,787
8,620
9,292,810
36,640,430
10,274,610
410,469,363
43,033,200
129, 900
4,136,lOG
194,850
6,926,200
23,115
890,140
$4,472
30
914,566
4,267,903
136,699,800
366, 513,580
13,050,000
$983,129
$28
i59,683
49
1,316,400
40,946,139
15
26
49
101,592
313,040
451,480
64,466
$177,499,281
8 628
9,574,433
35,685,003
33,464,527
489,453,458
43,033,213
4,859,559
7, 997,889
1,034,636
30,000
458,990,106
365,526, 652
13,050,000
2i4,750,931
75
2,474,986
18
6,196,286 1,207,697,640 258,984,381
2,576,714
1, 620,207,284
121
6,493
7,718,219
664,918,940
66,405
323,447,806
661,450
DISBURSEMENTS.
Warrants and checks
Disbursing officers
Post-OfficeDepartment
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiarj'^ silver
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Clearing-house balances
Total
808,000
5,403,000
7,678,350
648,616,516
65,400
141,456,930
18,207
238,801
6
117,614,100
16,124,124
5
5,637,310
18,705,460
18,685,600
707,317
195,000
60,383,030
119,592,000
216,652,000
6,211,000 1,209,762,350
94,857,439
2,475, 663
258,939,807
674,363
5
120,766
120
129,750
1,643,980
147,069
656
12
15,127,349
5,637,310
18,705,460
64,586, 522
707,437
661,450
136,702,510
214,997,408
2,476,669
216,905,946
2,623,336
1,662,658,^30
158
No.
REPORT ON T H E FINANCES.
§.—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 1905.
Gold coin..
Account.
Standard
silver
dollars.
Subsidiary
silver.
United
States
notes.
Treasury
notes.
RECEIPTS. •
Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers "
.
Standard silver dollars
Subsidiary silver
.
Minor coin
Gold certificates
Redemption and exchange
Issues
...
Total
$962,098
$7,778
$637
$2,476,798
$5,905
3,420
1,656
48,746
1,138,043
280
44,502
2,019
300
664
10,121
6,351
787
63,211
679,135
425,741
12,416,613
2 195
6,234
1,444
2,962
205,900
79, 747
220
580
21,836
6,560
6,350,000
68,975
3,275,663
6,392,015
8,975,566
98,055
7,690,331
3,330,542
6,410,565
25,321,711
117,595
1,954,492
513
49,433
300
3,343,513
1,210,970
6,456,863
147,937
8, 744,100
116,500
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
*
Account.
682,500
2,580,946
207,000
40,000
460
^
30,000
1,203,360
2,285
608
4,275
36,424
335
362,541
2,891
965,985
868,610
191,636
153
598,690
6,709,600
73,300
1,848,430
540,420
10,420
1,661,569
7,135,401
3,627,079
5,806,609
Nationalbank notes.
Gold certificates.
Silver certificates.
$14,728,230
$1,346,647
$70
$19,526,063
262,231
1,175,890
1,792,366
38,265,613
72,631
1,083,969
962,792
29,888, 572
1,904,500
539,390
146,858
72
34
1,324
41
478,860
4,110,210
4,509,503
84,434,042
1,904,500
2,434,895
761,655
5,350,000
114,442,806
40,960,000
956,000
20,000
60, 610
24,975,970
Minor
coin.
116,500
Total.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Issues
Total
$74,166
1,108,670
1,278,721
2,721,111
615,030
179,470,
1,152,520
349,440
1,053, 595
64,964,020
40,. 960,000
28,868,356
756,561
6, 930,763
163,650,310
64,802,615
758,102
278,912,534
6,938,000
8,725,180
26,644,960
5,230,500
46,594,000
1,113,496
8,542,946
374,404
28,078,000
49
4,826
92
416,170
11,732,708
44,278,974
5,960,233
96,224,775
6,399,960
110,000
4,084,260
657,200
18,000
3,130,813
1,661,929
10,000
4,280
68
61,016,000
4,943,800
442,680
145,000
21,424,800
256,618
43,465
779
97,610
. 121,560
78,541
33
5,408,976
3,277,913
6,375,114
8,976,166
97, 255
1,053, 595
64,964,020
28,860,756
760,094
163,865,540
64,738,006
767,473
277,970,678
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
6,938,000
J59
TREASURER.
N o . 9 . - -RECEIPTS AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L ACCOUNTS
AT THE SUBTREASURY IN BOSTON FOR THE FISCAL YEAR
Gold coin.
, Account.
Standard
silver
dollars.
Subsidiary
silver.
1905.
United
States
notes.
Treasury
notes.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Redemption and exchange
$69; 216
$106,096
$2,341
$2,375,102
$32 598
7,114
. 625
10,285
247,948
i29
9,050
1,387
180
2,490
165,235
78,424
582,928
661,143
15,880,943
682,538
1,856,460
1,846,130
274,000
.13,200
6,662,152
4; 995
440
2,152
13 553
21,100
3 500
3,350
34,982
1,019,801
1,972,360
2,016,763
26,427,892
116,670
i,46i, 656
686
8,904
574
L 466,866
556,980
8,756,141
97,239
9,074,010
121,000
8
15
4,000
1,810,640
5,859,200
1,600
2,700
Total
DISBURSEMENTS.
Warrants and checks
Disbur.sirig 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
Silv er certificates
Minor coin . . . .
Total . . .
3,000
108,846
. . .
66,923
220
2,440
' 4,938,973
122
412,913
6,118,084
1,879,353
3,666
National- Gold certifibank notes.
cates.
Account.
78, 794
3,458
87,690
182,492
120,674
193,600
309,640
1,960,145 26,662,766
Silver cer- Minor coin.
tificates.
121,000
Total.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Redemption and exchange
;.
Total
$22,643,500
$795,694
$176
$26,024,722
97,936
294,094
472,202
17,968,564
1,083,400
112,930
47,065
26,162,303
179
6
236
23
321,490
35, 750
136,072
171,770
1,193,780
2,687,620
27,590,750
352,000
683,230
48,410
6,217,800
303,410
446,609
2, 726,291
4,487,028
63,322,665
1,466,600
1,297,850
147,776
42,800,847
3,329,715
60,488,760
47,034,187
304,029
142,710,177
3,359,000
10,519,545
22,156,146
1,896,320
12, 579,000
5,448
1,884,974
5,420
28,934,169
52
687
45
182,442
11,082,710
32,809,851
1,999,598
57,286,333
681,810
.12,130
51,350
548,900
23,900
706
1,829,170
33,040
$84,080
654,863
650,871
1,446,589
DISBURSEMENTS.
Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gol d coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury no tes of 1890
National-bank notes.
Gold certificates
Silver certificates
Minor coin
Total
.
3,359,000
'
77,400
10,832,300
14,647,200
26.634
1,464
48, 382
16.635
37,794
59,378,800
47,342,127
314,136
2,000
682,539
1,845;300
1,894,930
6,680,451
34,982
136,072
5,218,500
26,244,603
309,540
146,125,409
160
No,
REPORT ON T H E FINANCES.
1 0 . — 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 SUBTREASURY IN CINCINNATI FOR THE FISCAL Y E A R 1905.
Gold c o i n .
Account.
Standard
silver
dollars.
Subsidiary
silver.
United
States
notes.
Treasury
notes.
RECEIPTS.
Miscellaneous
DisbursinsT 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 . .
Subsidiarv silver
Minor coin
..
Gold certificates
Redemption and exchange
Issues
Total
$469,400
•3,000
19,000
178,600
281,000
3,909,500
861,000
215,500
1,000
$2,000
7,000
25,000
448,700
102,000
1,000
$20,000
$67
3
40
8
84
280,114
20,000
1,163,786
4,711,145
2,226,606
449,446
1,874,336
4,731,145
2,606,911
6,387,345
141,000
340
73,686
8,000
20,024
260
1,149
5,383
1,624
2,148,441
256,810
1,210,984
403,806
•2,594,005
141,000
178
17,600
298,700
496,580
113,000
$106,850
Customs
2,000
7,000
130,000
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 and exchange:
Go] d 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
4,407,374
13,000
188,220.
Total
114,950
Nationalb a n k notes.
Account.
136,061
217,700
140,716
4,643,686
2,703,311
Gold certificates.
Silver certificates.
655,300
138,660
6,184,346
Minor
coin.
141,000
Total.
RECEIPTS.
Customs
1
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
Minor coin
Gold certificates
Redemption and exchange
Issues
Total
.'
.^
$1,833,000
9,000
38,000
1,412,500
1,493,500
12,489,000
2,263,000
327,000.
6,000
$247,470
7,517
64,938
411,626
348.919
6,611,288
976,375
345.920
123,270
1,399,320
420,000
4,867,161
381,636
7,567,000
21,689,320
13,994,474
406,898
69,298,429
7,593,666
1,969,900
6,622,180
2,353,700
3,486,000
463,037
1,467,824
674,050
6,633,024
137
1,536
255
148,166
2,691,373
8,371,742
3 341 336o
27,071,033
1,036,050
1,268,400
1,331,760
67,000
117,522
3,131,145
407,630
17,600
56
1,183,406
4,698,245
2,234,960
449 445
1,070,000
2,733,100
97,240
38,000
1,074,744
• 146,650
73,620
117,258
1,399,320
4,857,179
• 382,450
21,034,320
13,961,226
404,661
66,680,488
$17,500
696,710
1,161,790
4,812,000
6,000
963,000
11,000
$17'
1
20
5
163
26,057
$2,668,794
19,621
131,498
2,606,349
3,310,456
28,602,659
4,337,376
1,862,420
140,270
20,000
15,199,087
420,000
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 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
Total
7,593,000
63,625
161
TREASURER.
No.
1 1 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF MONEY ON A L L ACCOUNTS
AT
THE
SUBTREASURY IN
CHICAGO
Gold coin.
Account.
FOR
THE
FISCAL Y E A R
Standard
silver
dollars.
Subsidiary
silver.
1905.
United
States
notes.
Treasury
notes.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursing officers..
Post-Office Department
Transfers.
Standard silver dollars
Sub.sidiary silver ."
Minor coin
Gold certificates
Redemption and e x c h a n g e .
Issues
$249,575
110
10,000
10
1,080,000
$1,209,347
$701,284
$6,170
302
3,580
42,746
1,096,962
1,500,154
25,154,306
1,280
1,346
15,096
2,046
38,280
$515,000
1
3,787,800
460,340
i
790,000
14,283,144
"
16,412,839
Total
9,3i7,572
4,796,869
17,076,672
696,116
10,530,801 1 5,311,869
49,820,262
758,330
3
95
6,421,261
7,706,470
6,027,293
1,731,989
17,711,000
373,986
60,000
4,351,640
12,174,060
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...
.
.
310,000
2,281,150
1,260,000
2,015,000
10,625,033
747,000
2
17,950
8,110
.
'
104,728
892
8,618,876
10,737,871
6,796,142
Nationalbank notes.
. Account.
820
2,744,720.
62
1
665,598
Gold certificates.
50,318,770
747,096
Silvei cer- Minor coin.
tificates.
Total.
RECEIPTS.
Customs
'
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates.
Redemption and exchange
Issues
$9,166,490
977,480
23,748,600
8,267,140
118,032,960
$507,213
306
70,951
630,407
889,696
23,844,346
10,035,220
860
6
820
19,426,270
6,850,000
46,322,639
3,433,610
186,468,930
76,200,931
641,519
349,568,991
3,473,000
66,277,620
45,394,120
8,866,550
12,768,000
6,673,333
5,670,416
1,417,610
40,060,000
210
150
156
413,404
69,967,628
69,373,131
13,265,206
93,233,698
16,070,500
490,300
331,940
4,097,210
77,300
2,506
8, 735,672
112,089
111,770
608,606
136
16, 645, 560
26,792,910
7,650
16,500
13,357,196
1,500
1,061
4
16,073,144
9,276,972
4,795,569
17,046,672
694,016
820
19,406,770
40,256,839
674,763
186,818,550
75,766,096
685,817
342,962,216
$20
3,990
179,216
1,726,150
366,020
1,088, 640
79,655
Total
$147 $11,839,226
326
120
1,096,676
103 25,566,632
148 12,388,696
65,208 169,052,453
10,073,500
4,877,290'
640,000
790,000
675,793 106,494,294
6,850,000
DISBURSEMENTS.
Warrants and checks
Disbursing officers
Post-Office Department.
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiarv silver
United States notes
Treasurv notesof 1890
Gold certificates
Silver certificates
Minor coin
3,473,000
Total
H . DOC. 9, 59-1
11
270;696
.
162
REPORT ON T H E FINANCES.
No.
1 2 . — R E C E I P T S AND DISBURSEMENTS OF E A C H K I N D OP MOIVEY ON A L L
ACCOUNTS AT THE SUBTREASURY IN ST. LOUIS FOR THE FISCAL Y E A R 1905.
Gold c o i n .
Account,
Standard
silver
dollars.
Subsidiary
silver.
United
States
notes.
Treasury
notes.
RECEIPTS,
Customs
Internal revenue
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver d o l l a r s . .
S u b s i d i a r v silver
Minor coin
Gold certificates . .
Redemption and exchange
Issues.
$71,476
27,734
7,132
170,239
680,420
$17,000
$913,900
$1
3
21,763
570,002
806
65,458
2,300
1,055,600
707,187
763,479
14,630,254
....
Total........
$200
500
10,000
373,000
2,786,770
289,380
1, 950,000
153,135
i6,362,i56
5,726,365
2,336,676
3,060,136
10,377,714
6,317,124
23,483,246
383,- 700
27,000
867,940
23,300
300,531
193
1,664
34
9,488,498
302
388
363
. '3,906,301
933,551
6,351,428
1,563,012
9,533,005
403,000
1,974,561
4,712,775
170,000
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 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
Total
64,000
245,000
•
8,240
530,026
357,325
1,683,771
Account.
42, 666
120,000
100,000
Nationalb a n k notes.
10,020,414
Gold certificates.
6,954,155
23,663,096
S i l v e r cer- M i n o r coin.
tificates.
403,000
Total.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver d o l l a r s
Subsidiarv silver
Minor coin
•
Gold certificates
Redemption and exchange
Issues
Total ..
$1,087,100
$166,000
1,018,977
1,148,812
10,976,811
720,000
13,600
1,741,000
837,850
919,530
25, 992,900
610,000
22,000
1,000,
$904,383
988
1,663,025
987,767
1,063,458
18,151,070
8,510,000
$148
138
466
22,714
66,310
$2,994,207
988
4,652,498
3, 560,187
4,166, 943
71,080,067
9,393,000
3,628 770
303,880
1,950,000
20,425,603
1,960,000
64,000
326,000
1,950,000
1,136,982
383,296
14,107,100
33,386,380
32,406,673
473,070
123 995 143
14,177,100
1,511,000
14,664,500
2,688,005
8,730,000
886,865
6,280,169
1,406,196 16,170,633
389
477
378
253,266
3,359,300
28,066,566
6,581,288
62,962,334
2,103,135
2,359,500
928,740
7,750,160
20,000
192,116
2,103,135
10,273,650
5,761,615
2,336,676
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
1
U n i t e d S.tates n o t e s
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
64,000
325,000
. 1,135,982
383,325
80,000
24,566
14,177,100
32,889,380
.
597,717
1,500
33,113,230
446,625
122,350,771
163
TKEASUBEB.
'JSio. 1 3 . — R E C E I P T S AND DISBURSEMENTS OE^ EACH K I N D OF MONEY ON A L L ACCOUNTS
AT THE S U B T R E A S U R Y I N N E W O R L E A N S F O R T H E F I S C A L Y E A R
Account.
Gold coin.
Standard
silver
dollars.
Subsidiary
silver.
1905.
United
States
ndtes.
Treasury
notes.
RECEIPTS,
Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department.
Transfers
Standard silver dollars.
Subsidiary silver
Minor coin
Redeinption and exchange .
$31,858,
1,183
314,977
3,025
539,210
381,971
oTotal
$15,710
170
6,185
801
12,460
7,544
6,251,000
$2,008 $2,355,746
57
1,133
12,132 • 178,120
3,407
162,193
45,924
734, 745
8,323 7,405,790
716,700
384,300
12,232
1,322, 290 1,033,980
6,924,864
1,394,141 12,984,939
109,855
103
210,028
106
1,558, 766
1,500,928
3,348,311
1,474,327
4,039,500
110,000
31
• 179,220
459,550
1,118,130
937,280
$105,415
361
31,981
66,046
60,291
409,761
600
160
66,325
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 .
94,808
7,000
73,273
63,326
Total
4,600
37,750
61,947
295,000
470,081
National
bank notes.
Receipts,
Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
*....
Minor coin
Redemption and exchange .
69
74,644
1,795
11,599,450
11,676,963
Gold certificates.
1, 769,023
Silver certificates.
13,214,868
Minor
coin.
Total,
27,740
276,361
662,324
2,322,610
341,300
358,636
32,180
63,080
49,330
^ 674,300
8,678,430
5,997,900
845, 940
25,470
496,650
100,
31,599
51,744
287,427
6,897,622
2,783,450
422,810
84,596
3,884,692
53,138
$6,088,707
2,123
349,412
924,397
2,394,699
26,229,860
9,839,850
2,Oil,685
154,638
13,490,046
4,020,300
19,830,750
14,812,023
136,331
61,485,417
4,020,000
736,050
2,274,425
688,890
13,082,500
3,773
347,782
30,449
5,940,000
94
49,316
216
93,709
2,241,017
6,399,314
2,202, 782
40,617,187
202,415
833,700
191,160
91,300
3,000
273
4,964,750
11,000
27
381,971
6,248,000
1,320,290
1,033,980
66,325
$3,209,650
$237
52
7,392
539
14,203
60,770
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 .
;, 020,000
6,400
193,800
130,650
1,180
3,716,292
11
18,429,070
16,012,980
496,650
3,884,692
53,138
3,260
143,361
64,846,346
164
No.
REPORT ON T H E FINANCES.
1 4 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF MONEY ON A L L ACCOUNTS
AT THE SUBTREASURY IN SAN FRANCISCO FOR THE FISCAL Y E A R 1905.
Account. •
Gold coin.
Standard
silver
dollars.
Subsidiary
silver.
United
States
notes.
Treasury
notes.
RECEIPTS.
Customs......
Internal revenue
^
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Standard silver dollars
Subsidiarv silver
Minor coin .
..
Gold certificates
Redemption and exchange
Issues
Total
$8,943,653
17,386
2,262,215
1,747,357
2,125,439
61,624,180
2,165,220
2,160,635
284,660
240,000
1,697,320
$108,719
8
722
17,783
44,397
64,690
2,732,130
83,247,964
$10; 352
1
1,235
12,867
66,061
167,216
$26.086
10
865
11,122
53,272
674,330
20
399
1,736
184
2,090
30
2,464,806
198,845
2,130
2,958,363
2,721,537
966,620
6,010
7,736,746
69,608,683
458,041
2,470,212
14,600,000 "'4,'228," 566'
849
104,098
780
2,223,937
660,000
40,000
61,393
327,735
104
166
1,326
126
70,806
4
$611
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 .
Fractional currency
Minor coin
Total
2,627,466
2,464,806
197,415
1,840.
277,690
o Account.
Nationalbank notes.
6,900
301,603
6
66,169
99,939,925
16,000
6,028,313
Gold certificates.
2,463,319
902,735
Silver cer- Minor coin.
tificates.
. 6,900
Total.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursingofficers. . . .
Post-Office Department
Transfers
Standard'silver dollars
Subsidiary silver
Minor coin
Gold certificates
.
Redemption and exchange
Issues
Total .
$201,060
1,090
4,640
21,670
146,420
. 651,920
26,000
800
$43,948
$246
$14,610
31,691
195,411
88,610
3,064
14,456.
60,672
636,468
46, 780
18
1,068
6,981
14,768
70,805
277,690
240,000
301,603
66,168
401,027
1,570,290
1,096,881
78,238
93,044,920
618,439
9
16,464
577
6,361
7,736,603
71,364,626
2,471,569
21,761,688
8,613
1,937,321
2,732,130
2,464,806
198,846
2,130
70,805
277,690
301,603
6
.
66,169
31,014
111,376,889
$9,334,674
18,494
2,277,379
1,868,303
2,688.389
63,912 266
2,236,000
2,153,456
284,664
240,000
7,801,397
240,000
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
Fractional currency
Minor coin
Total
370,000
60,000
361,000
1,609,580
104,664
°
370,000
1,569,680
1,074,103
165
TREASURER.
No.
1 5 . — T O T A L RECEIPTS AND DISBURSEMENTS OF EACH K I N D OF MONEY ON A L L
ACCOUNTS AT THE TREASURY OFFICES FOR THE FISCAL Y E A R 1905.
Account.
Gold coin.
Standard
silver
dollars.
$12,999,705
17,735
2,323,934
2,130,338
2,412,604
66,879,601
$1,745,265
369
34,335
130,238
170,577
776,399
2,267,720
2,184,355
291,320
10,110,000
34,469,885
4
Subsidiary
silver.
United
States
notes.
Treasury
notes.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursingofficers.
Post-Office Department
Transfers
Gold bars
Standard silver dollars
Subsidiary silver
Minor coin
Gold -certificates.
Redemption and exchange
Special customs deposit.
Issues
•
Total
$18,936 $12,153,897
89
8,201
19,346
3,275,066
29,514
4,046,012
144,875
5,468,689
2,077,103 237,811,508
13
1,872,270
2,015
6
8,160,442
6
926,017
$62,902
207
16,695
9,874
33,80G
2,935,992
47,407,149
48,495,596 122,142,882
131
12,848
126,630,000
2,559,659
136,087,197
50,264,336
50,787,629
522,396,832
6,190 354
8,765,686
75,809,410
3,965,512
17,305,634
262
539,438
1,829
47,405,498
5,959 12,867,859
664,628 54,013,152
6,088,117
4,463.
27,788,441 194,144,561
95
14,632
2,747,466
2,594,805
3,010,579
4,345
90
72,775,343
540, 614
42,381
672
562,900
4,169
4,150
DISBURSEMENTS.
Warrants and checks
Disbursing officers
Post-Office Department
Trajisfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890
National-banknotes
Gold certificates ...f.
Silver certificates..
Fractional currency
Minor coin
Clearing-house balances.
Redemption and destruction
Total
Account.
66,170
187,580,186
53,778,070
Nationalbank notes.
Gold certificates.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Gold bars
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates..
Redemption and exchange
Special customs deposit
Issues
Total
6,177
10,715
1,760
1,997,287
3,772,051
169,131
38,509
747
4,247,591
6,485
2,637,709
13,711,468
637,849
58
811
143
49,913,892
2,660,900
524,570
897,480
16,265,685
82,877,964
286,883
22,341,834
L347,528
3,137,859
1,906,640
253,791*
126,530,000
3,566,000
622,483,913
6,225,995
Silver cer- Minor coin.
tificates.
Total.
$227,682,167
26,260
18,053,37f
65,100,670
26,631,006
842,773,696
43,033,200
13,474,470
10,088,370
1,342,440
$5,927,196
18,377
4,023;680
4;385,774
6,163,309
409,171,827
250,841,920
366,513,680
194,580,000
385,961,986
75
316,300,000
$1,141 $260,491,208
66
73,694
9,003
28,153,603
2,324
80,056,366
45,139
49,279,287
384,498 1, 648,937,632
43,033,213
45,217,674
27,211,376
3,477,396
10,110,000
6,014,062 1,150,625,763
365,526,652
18
637,410,000
356,835,969 2,059,041,050 1,161,544,156
6,456,241 4,349,603,764
$2,400
398,073
4,222, "22
8,209,282
86,127,008
476,200
4,288,050
379,610
262,732,624
26,662,099
2,495,986
533;849
DISBURSEMENTS.
Warrants and checks
Disbursingofficers
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
Practional currency
Minor coin
Clearing-house balances
Redemption and destruction
Five per cent fund
Total
„
808,000
49,384,100
25,857.367
281,012; 799
95,532,065
808,834,651
23,762,795
346,834,550
8,893,160
35,966,694
4,109,794
376,633,203
43,663,789
6,953,550
8,241,200
8,507,000
336,330
3,991,150
156,678,530
167,139,130
154,044
37,093,767
22,244,038
22,614,962
1,913,621
116,655,856
3,182,947
210,508,964
944,680
216,662,000
171,420,600
321,511,000
3,094,451
357,062,266 2,057,382,010 1,162,476,501
1,287
126,056,262
99,923
976,736,796
1,972
37,934,482
2,236,555 1,063,392,442
39,258
6,232
912,361
4,259
506,618
2,231,727
471,626
7i5
12
6,510,444
44,697,805
46,737,676
48,346,475
122,076,624
2,562,638
145,134,017
250,824,830
386,207,992
58
6,003,467
216,906,946
648,883,967
281,012,799
4,403,413,276
166
REPORT ON T.HE FINANCES.
No.
1 0 . — A S S E T S AND LIABILITIES OF THE TREASURY OFJ<^ICES, J U N E 30,
Washingto]!.
New York.
Baltimore.
Philadelphia.
1905.
Boston.
ASSETS.
Gold coin
S t a n d a r d silver dollars
Subsidiarv 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
$8,420,888.00
153,407,591.00
921,715.33
7,177,739.00
14,682,632.31
1,600,120.00
1,612,633.00
36,237.04
$8,291,888. 48 $127,380,-952. 50
2,959,47L00
71,023,226.00
706,201.56
3,639,344.65
163,183.00
1,320,413.00
663.00
2,141.00
6,118.00
24,149.00
948, 930,00
9, 787,730.00
116,591,00
942,358.00
.14,715, 31
89,986.61
$8,153,700.00 $15,790,068.00
6,482,439.00
2,035,715.00
2,166,127.26
426,543.90
485,701.00
499,957,00
1,243.00
1,153. CO
17,493.00
4,601.00
1,368, 950.00
3,820,300.00
477,008.00
382,738.00
78,520.03
69,819.76
37. 65
354.16
739.10
171,25
50,957.15
T o t a l c a s h assets
Transfer account
187,859,355.68
93,922,330.28
13,207,832,59
214,261,257.91
19,230,573.08
23,031,634. 76
Afirsrrefirate
281,781,685.96
13,207,832.59
214,26L257.91
19,230,573. 08
23,031 634 76
Bonds and interest paid
LIABILITIES.
Outstanding warrants and
•
checks
D i s b u r s i n g officers' balP o s t - Office
Department
account
B a n k - n o t e 6 p e r c e n t redemption fund
Other deposit a n d redemption accounts
105,764.52
79,060,64
1,807,622,49
102,785.04
130,346.34
3,484,100,42
389,261,41
16,703,161,19
1,667,770,31
1,736,879.16
215,029.62
75,382.90
1,723, 275.66
655,368.08
1,095,696.57
17,133,471.22
1,957,404.17
24,613,81
2,774,790.41
323,696.89
300,078.12
T o t a l a g e n c y a c c o u n t 22,895, 769.95
B a l a n c e t o c r e d i t of m i n t s
568,318,76
23,008,749.76
2, 749,619.32
3,263,000.19
Balance transfer 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 . . 258,886,916.01
3,332,018,88
9,307,494,95
5,914,076.61
64,672,481,11
120,765,950.54
243,346. 57
4,453,Oil.54
11,784,596.65
6,624,875.55
14,143,759. 01
281,781,685,96
13,207,832. 59
214,261,257.91
19,230,573.08
23,031,634.75
Cincinnati.
Chicago.
St. Louis,
New Orleans,
San Francisco.
$9,954,802.94
9,598,840.00
891,870,00
713,450,00
13,000.00
30,000,00
2,877,000.00
541,811.00
56, 652,33
10.00
747.20
$8,191,027,30
16,018,026,00
844,361,84
200,894,00
382.00
5,000.00
4,113,650.00
186,835.00
8,430.58
$3,959,673.18
28,864,889. 00
770 868 90
74,134.00
605 00
46,237.00
18,890.00
245,225.00
71,273.07
21 46
2,318.10
Aggregate
ASSETS.
Gold c o i n
$6,828,841.05 $46,954,419.69
3,265,480. 00
1,149,866.00
S t a n d a r d silver dollars
520,972.00
248,296,00
S u b s i d i a r y silver
248, 695.00
311,000,00
United States notes
17,815,00
T r e a s u r y n o t e s of 1890.
National-bank notes
34,666,66
20.685.00
984,000,00
2,312,150,00
G o l d certificates
239,899. 00
790,012.00
S i l v e r certificates
25.642.01
Minor coin
19,172.16
Fractional cnrrency
1,962,70
10,Oil, 75
Bonds a n d interest p a i d . . .
Total cash assets..'...
Unavailable
Afffirree'ate
9,826,083,96
63,167,733.30
24,678,183,47
29,567,606.72
701,851.34
34,053,034.71
9,826,083,96
63,167,733.30
^24,678,183.47
30,269,458.06
34 053 034 71
LIABILITIES.
Outstanding warrants and
checks
D i s b u r s i n g officers' b a l ances .
Post-Office D e p a r t m e n t account
Other deposit a n d redemption accounts
279,761.67
763,847.69
374,966.09
4,511,169.88
167,864.80
337,484.38
239,391.01
492,489.24
1,040,924.43
586,302.36
2,809,346.17
2,038,774,07
628,604.96
267,137.62
368,600, 67
69,006.90
301,059.63
500,687.25
19,636.61
6, 505.10
Total agency account
891,588,36
B a l a n c e t o c r e d i t of m i n t s
a n d a s s a y offices
B a l a n c e t r a n s f e r a c c o u n t . . 3,056,784,17
B a l a n c e g e n e r a l a c c o u n t . . • 5,876,711,43
7,614,851.27
2,607,701.02
1,112,466.49
3,676,940.18
700,770. 29
1, 390,304.63
43,451,807.11
32,463.41
6,382,732,48
15,755,286,66
66,707.16
2,024,422.80
27,065,861.61
2,978,366. 95
3,085,699,12
24,312,029.46
53,157,733,30
24,678,183.47
30,269,458,06
34,053,034.71
Asrsfreerate
9,825,083,96
.
167
TBEASUBER.
NO.
I T . - A S S E T S OF THE TREASURY IN THE CUSTODY OF MINTS AND ASSAY OFFICES
. JUNE 30, 1905.
Boise City.
Carson City.
Dahlonega.
Charlotte.
Deadwood.
BULLION FUND.
Gold coin
Gold bullion
Standard silver dollars
Subsidiary silver
Silver bullion. .
United States notes
Gold certificates
Minor coiui
Balance in subtreasuries
and national banks
$54,567,97
5,63
4,110. 00
Total available
Unavailable
Aggregate
-.
$20,306,80
6,889,06
4,283,00
726.88
1,180.19
$29,368.93
^
94,476.86
51,412.81
$20,717.84
153,160,46
83,798.74
75,649.76
20,717.84
32,000.00
$27,950,03
153,160,46
159,348.49
62,717.84
27,950.03
Denver,
Helena.
32,324.71
Seattle.
New York.
61,693.64
61,693, 64
San
Francisco,
BULLION FUND.
Gold coin
Gold bullion
$13,968;902. 60
Standard silver dollars
Subsidiary sil ver
Silver bullion
United States notes
Gold certificates
Minor coin
Balance in subtreasuries
and national banks
1,083,567.81
$89,773.92
$70,020.00
$224,978,980.00
16,447, i n . 61 $3,384,468.06
7,743,961,79
62,946,643.00
941. 00
1,079,756.10
435,479.67
1,611,348,18
13,500.00
68.47
1,230,270.20
3,265,636.18
Tptal available
Unavailable
Loss on recoinage
15,062,460.31
420,860,52
21,258,997.00
4,614,738.26
301,626,225,26
413,567.96
Aggregate
15,052,460.31
420,860.52
21,258,997.00
4,614,738.26
302,039,783.21
331,086.60
4,291,876.25
Philadelphia,
New Orleans.
Total.
$632,613.36
504,571.96
29,588,725.00
707,163.40
765,588.95
13,277.00
$411,620,306.65
f 51,696,83L35
199,838,606.00
2,261,180.81
3,297,687.83
30,887.00
700 00
69.38
«
BULLION FUND.
Gold coin
$186,918,486.60
Gold bullion
9,448,675,02
Standard silver dollars .
107,298,954,00Subsidiary silver
462,587.80
Silver bullion
483,975,20
United States notes
Gold certificates-..
700.00^
Minor coin
.19
Balancein subtreasuries and national
banks
$18,640.63
16.64
.72
32,463.41
66,707.16
10,600,429.83
303,613,278,71
13,543, 82
33,631. 87
61,119.68
32,278,547,64
679,235,697.86
662,601.66
33,63L87
: 303,660,454, 40
51,119.68
32,278,547,54
679,831,831.28
Total available
Unavailable
Loss on recoinage
Aggregate bullion fun d
St. Louis,
MINOR COIN AND METAL F U N D .
Gold certificates
Silver certificates..
Minor coin
Aggregate assets
°..
49,980.00
16.00
446,734,93
304,156.185.33
49,980.00
16 00
446,734. 93
.51.119 .^8
,
32- 2 7 8 .fS47. ,'S4
fi80. S27. .5fi9 9A
168
REPORT ON T H E EINANCES.
N o . 18^.—CTENERAL DISTRIBUTION OF THE ASSETS AND LIABILITIES OF THE TREASURY,
JUNE 30, 1905.
Treasury
offices.
Mints and National-bank
and other
In transit.
assay offices. depositaries.
Total.
ASSETS.
Gold coin
$242,926,261.04 $411,620,306.65
$350,000,00 $654,896,567.69
Gold bullion
51,695,831.35
51,695,831.35
Standard silver dollars
294,805,542.00 199,838,606.00
382,00 494,644,529 00
Subsidiary silver
11,135,300,42
2,251,180,81
.80 13,386,482.03
SilVvgr bullion
3,297,587.83
3,297,687.83
11,195,166,00
30,887.00
United States notes
3,634,266,66 14,260,319.00
Treasury notes of 1890
36,802.00
50,680.00
140,982.00
53,500, 00
National-bank notes
14,869,815,31
821,142.00 15,690,957.31
Gold certificates
. .
27,831,720,00
4, 747,500.00 32,679,220.00
6,534,010.00
16.00
Silver certificates
4,866,266.00 10,400,292.00
Minor coin
470,348,89
445,804, 31
926,'163,56
10,000,-35
69.11
Fractional currency
99.11
30,00
Deposits in nationaL banks..
$76,581,826.06
76,581,826.05
Bonds and interest paid
67,261.40
67,261.40
Total available assets.. 608,872,296.17 669,230,898, 95 76,681,826.05 13,883; 087.16 1,368,668,108,32
701,85L34
562,601, 66
Unavailable '.
218,463.65
1,482,916.46
33,631.87
Unpaid loss on recoinage
33,631.87
Balancein subtreasuries and
natibnal banks
10,500,429.83
10,600,429.83
Transfer account
93,922,330,28
93,922,330.28
703,496,477.79 680,327,562.21
Aggregate
76,800,289. 60 13,883,087.15 1,474,507,416,75
LIABILITIES.
Outstanding warrants and
checks
.
Disbursing officers' balances.
Post-Office Department account
Bank-note 6 per cent redemption account
Other deposit, and redemption accounts
4,338,442,92
33,303,880.41
1,206,674.06
9,987,663.13
7,236,734.95
19,331. 62
7,266,066.57
17,133,471. 22
17,133; 47L 22
1,119,983.33
7,397,459,12
11,213,668.81 1,119,983.33
80,622,647.43
6,277,476.79
Total agency a c o u n t . . 68,289,006.29
Balance to credit of mints
9,936,728.89
and assay offices
Balance of transfer account
93,922,330.28
Balance general a c c o u n t — 631,349,413.33 680,327,562.21
Aggregate
6,546,116.98
43,291,633,64
703,496,477. 79 680,327,662.21
564,700.94
' 10,500,429.83
93 922 330.28
65,021,929,86 12,763,103,82 1,289,462,009.21
76,800,289, 60 13,883,087.15 1,474,507,416,76
N o . 19.—DISTRIBUTION OF THE GENERAL TREASURY BALANCE JUNE 30, 1905. .
Location.
Washington
Baltimore
New York
Philadelphia
Boston
Cincinnati
Chicago
St. Louis
New Orleans
San Francisco ..\
Mints and assay offices
National banks
Treasury of Philippine Islands.
United States depositaries
In transit
Total Treasurer's books.
On deposit with States
Treasurer's general account.
$268,885, 916.01
9,307, 494.95
120,765, 950.64
11,784, 596.65
14,143, 769.01
5,876, 711.43
43,461, 807.11
16,755, 286.66
27,066, 861.61
24,312, 029.46
680,327, 562.21
66,140, 645.73
a 122, 418.05
3, 702.17
103.82
12,763,
$77,649. 07
70,501.19
42,797.44
105,444.36
120,035.69
950. 54
68,839.67
93,194.77
19,378.08
29,386.11
1,289,462,009.21
984,383.49
Total Treasury balance.
Receipts not Bal ance as shown
covered by
by warrants.
warrants.
346,161.96
21,044.83
266.94
9,236, 993.76
120,723, 153.10
11, 679, 152.30
14,023i 723.42
• 6,876, 760.89
43,392; 967.64
16,662 091.79
27,046: 483. 63
24,282! 643. 36
680,327; 562.21
64,795; 483. 78
a 143 462.88
3: 702,17
12,763! 103.82
1,288,477,626.72
28,101,644. 91
1,316,679,270.63
a Overdraft.
169
TREASURER.
No.
20-—AVAILABLE ASSETS AND N E T LIABILITIES OF THE TREASURY AT THE CLOSE
OF JUNE, 1904 AND 1905.
June 30, 1904.
June 30, 1905,
ASSETS,
Qol(i—Coin
Bullion
.
$664,896,567.69
5L696,83L35
$639,262,714.66
42,676,106.96
Silver—Dollars
Subsidiary coin
Bullion
496,481,753.00
11,533,678.15
7,477,024.28
Paper—United States notes
Treasury notes of 1890
National-banknotes
Gold certificates
Silver certificates
12,921,591.00
75,943.00
16,207, 258.88
28,975,470.00
9,337,302.00
,...
.
Other—Minor coin
755,791.02
Fractional currency
200.66
Deposits in national banks, etc 116,872,860.40
Bonds and interest paid
58,152.70
Aggregate
„
$681,838,821,60
494,644,629.00
13,386,482.03
3,297,587.83
515,492,455,43
67,617,564, 88
14,260,319.00
140, 982,00
15,690, 957.31
32,579,220, 00
10,400,292,00
$706,592, 399.04
511,328,598.86
73,071,770.31
.
117,687,004,78
926,153.55
99.11
76,581,826.05
67,261.40
77,576,340.11
1,382,535,846,69
1,368,568,108.32
LIABILITIES,
Agency account:
Outstanding warrants and checks.
Disbursing officers' balances
Post-Office Department account..
Bank note 5 per cent redemption
fund
. .
Other deposits and redemption
accounts
General account:
Gold certificates
Silver certificates
Treasury notes of 1890
Reserve fund
Balance
5,545,116.98
43,291,533.54
7,266,066.57
16,556,027. 67
17,133,471. 22
7,977,601.30
494,630,569.00
470,476,000.00
12,978,000.00
150,000,000.00
172,061,568,02
Aggregate
No.
6,312,189. 76
43,234,221.94
8, 319,669. 00
82,399,709,67
1,300,136,137.02
7,397,469.12
80,622,647.43
617,789,969.00
466,265,000.00
9,413,000.00
150,000,000.00
146,477,491.89
1,287,946,460. 89
1,368,568,108.32
1,382,536,846.69
2 1 . — A S S E T S AND LIABILITIES OF THE TREASURY IN EXCESS OF CERTIFICATES
AND TREASURY NOTES AT THE CLOSE OF JUNE, 1904 AND 1905.
June 30, 1905.
ASSETS.
$216, 183,722. 60 $221,381,650.04
29, 842,079,28
33,664,408.83
13,386,482,03
11, 533,678.15
14,260,319,00
12, 921,691.00
75,943. 00
140,982,00
16, 207,258.88
15,690,957,31,
755,791. 02
926,163.65
200.66
99,11
872,860.40
76,681,826,06
116,
58,152. 70
67,261,40
Gold coin and bullion
Silver dollai s 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
404,451,277. (
376,100,139, 32
82,399,709, 67
160,000,000. 00
172,061,568.02
80,622,647.43
150,000,000,00
146,477,491.89
404,461,277,69
376,100,139,32
LIABILITIES,
Agency account
Reserve fund
Available cash balance
Total
170
REPO.RT ON T H E FINANCES.
N«^o 22.—UNAVAILABLE FUNDS OF THE GENERAL TREASURY AND POST-OFFICE
DEPARTMENT JUNE 30, 1905.
GENERAL TREASURY.
On deposit with the following States under the act of June 23, 1836:
Maine
$966,838.25
New Hampshire
669,086.79
Vermont
669,086.79
Massachusetts
1,338,173,68
Connecticut
764,670.60
Rhode Island
382,335.30
New York
4,014,620.71
Pennsylvania
2,867,614.78
New Jersey
764,670.60
Ohio
2,007,260.34
Indiana
860,264.44
Illinois
:
477,919.14
Michigan
286,761.49
Delaware
:
286,751.49
Maryland
' 955,838.26
Virginia ...
2,198,427.99
North Carolina
1,433,767.39
South Carolina
1,051,422.09
Georgia
1,061,422.09
Alabama
=... 669,086.79
Louisiana
477,919.14
Mississippi
382,336.30
Tennessee
1,433,767.39
Kentucky
1,433,767.39
Missouri
382,336.30
Arkansas
286,761,49
Total on deposit with the States
$28,101,644.91
Deficits and defalcations.
Subtreasuries:
Defalcation, subtreasury United States, New Orleans, 1867,
May and Wh taker
$675,325.22
Defalcation, subtreasury United States, NCAV Orleans, 1867,
Mav property
5,666.31
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
413,557. 96
Defalcation, mint United States, Dahlonega, 1861.
27,950.03
Defalcation, mint United States, Charlotte, 1861
32,000.00
Deficit, mint United States, Carson City
75,549.75
Deficit, mint United States, Philadelphia
13,643.82
Nationa"-bank depositories:
Failure, Venango National Bank of Franklin, Pa
Failure, First National Bank of Selma, Ala
Depositories United States:
Defalcation, depository United States, Galveston, 1861
Defalcation, depository United States, Baltimore, 1866
Defalcation, depository Unitecl States, Pittsburg, 1867..
Deficit, depository United States, Santa Fe, 1866, short in
remittance
:
181,377,51
33.383,87
701,851.34
562,601.56
214,761,38
778.66
547.60
2,126.11
249,90
3,702.17
Total deficits and defalcations
1,482,916.46
Total general Treasury
Post-Office Department:
Defalcation, subtreasury United States, New Orleans, 1861
Defalcation, depository United States, Savannah, 1861
Defalcation, depository United States, Galveston, 1861
Defalcation, depository United States, Little Rock, 1861
Aggregate
29,584,661.36
31,164.44
205.76
83.36
6,823.60
37,277.06
29,621,838.42
171
TREASURER.
M o . 2tl.—ESTIMATED STOCK OF GOLD COIN AND BULLION, THE AMOUNT IN THE
TREASURY, AND THE AMOUNT IN CIRCULATION AT THE E N D OF EACH MONTH, FROM
JANUARY, 1900.
Month.
1900—January:
.Estimated stock
In the Treasury
In circulation . .
February:
Estimated stock
In the Treasury
In circulation . .
March:
Estimated stock.
I n the Treasury
In circulation . .
April:
Estimated stock
In the Treasury
In circulation . .
May:
Estimated stock
In the Treasury
In circulation . .
June:
Estimated stock
In the Treasury
In circulation . .
July:
Estimated stock
In the Treasury
In circulation . .
August:
Estimated stock
I n the Treasury
In circulation . .
September:
Estimated stock
In the Treasury
I n circulation . .
October:
Estimated stock
In the Treasury
I n circulation .
November:
Estimated stock
I n the Treasury
In circulation . ,
December:
Estimated stock
\ I n the Treasury ,
In circulation..
1901—January:
Estimated stock.
In the Trea.8ury .
In circulation . .
February:
Estimated stock
In the Treasury.
In circulation . .
March:
Estimated stock.
In the Treasury .
T n circulation...
April:
Estimated stock.
In the Treasury .
In circulation . . .
May:
Estimated stock.
In the Treasury .
In circulation . . .
June:
Estimated stock.
In the Treasury .
• In circulation . . .
July:
Estimated stock.
I n the Treasury .
I n circulation . . .
August:
Estimated stock.
In the Treasury .
In circulation . . .
Gold coin.
Gold bullion.
Total.
$881,696,901
262,249,725
619,447,176
$141,246,781
141,246,781
$1,022,943,682
403,496,506
619,447,176
894,193,153
281,859,663
612,333,489
131,632,009
131,632,009
1,025,825,162
413,491,673
612,333,489
906, 576, 296
294,373,598
612, 202,698
127,627,317
127,627,317
1,034,203,613
422,000, 915
612,202,698
918,606,026
302,070,279
616,535,746
124,919,092
124,919,092
1,043,626,117
426,989,371
616,535,746
924,565,661
305,941,131
618,624,530
116,965,713
116,966,713
1,041,631,374
422,906,844
618,624,530
923,663,462
308,734,471
614,918,991
112,378,183
112,378,183
1.036.031.646
421,112,654
614,918,991
929,776,508
307,427,400
622,348,108
123,743,386
123,743,385
1,053,518,893
431,170, 785
622,348,108
932,926,989
312,231,333
620,696,656
116.421.005
116.421.006
1,049,347,994
428,652,338
620,696,656
934,515,124
314,467,816
620,047,309
124,773,696
124,773,696
1,059,288,820
439,241,511
620,047, 309
937,541,595
315,780,331
621,761,2Q3
142,485,812
142,485,812
1,080,027,407
458,266,143
621,761,263
949, 603,722
324,900,809
624,702,913
149,581,275
149,581,276
1,099,184, 997
474,482,084
624,702,913
957,420,116
328,227,537
629,192,678
161,121,714
151,121,714
1,108,541,829
479,349,251
629,192,578
969,772,702
336,445,327
633,327,375
142,665,026
142,655,026
1,112,427,728
479,100,353
633,327,375
978,847,113
350,513,156
628,333,957
138,185,647
138,185,647
1,117,032, 760
488,698,803
628,333,957
984,896,141
358,071,187
626,824,954
139,261,556
139,261,556
1,124,167,697
497,332,743
626,824,954
1,003,443,967
374,203,162
629,240, 795
125,823,690
125,823,690
1.129.267.647
600,026,852
629,240, 795
1,012,486,391
384,465,095
628,021,296
111,252,480
111,252,480
1,123,738,871
496,717,575
628,021,296
1,015,717,230
385,309,602
630,407,728
109,012,031
109,012,031
1,124,729,261
494,321,533
630,407,728
1,019,741,391
389,194,066
630,547,325
116,229,166
116,229,166
1,136,970,556
506,423,231
630, 547,325
1,024,722,994
394,685,284
630,037,710
123,113,151
123,113,151
1,147,836,145
517, 798,435
630,037, 710
.
172
REPORT ON T H E EINANCES.
N o . 2 3 . — E S T I M A T E D STOCK OF GOLD COIN AND .BULLION, THE AMOUNT IN THE
TREASURY, AND THE AMOUNT IN CIRCULATION AT THE E N D OP EACH MONTH, FROM
JANUARY, 1900—Continued.
Month,
1901—September:
Estimated stock
In the Treasury .
I n circulation..
October:
Estimated stock.
In the Treasury .
In circulation . .
November:
Estiinated stock.
I n t h e Treasury .
In circulation . . .
December:
Estimated stock,
In the Treasury.
In circulation . .
1902—January:
Estimated stock,
I n the Treasury.
I n circulation . .
February:
Estimated stock
I n theTreasury.
I n circulation . .
March:
Estimated stock.
In theTreasury.
In circulation . .
April:
Estimated stock.
In theTreasury.
In circulation . . ,
May:
Estimated stock.
In the Treasury..
In circulation . . .
June:
Estimated stock.
In theTreasury..
In circulation . . .
July:
Estimated stock.
In theTreasury.
In circulation . . .
August:
Estimated stock.
I n theTreasury..
I n circulation . . .
September:
Estimated stock.
In the Treasury..
In circulation . . ,
October:
Estimated stock.
In theTreasury..
I n circulation. ..
November:
Estimated stock.
I n t h e Treasury..
In circulation . . .
December:
Estimated stock.
I n theTreasury..
I n circulation . . .
1903—January:
Estimated stock.
In the Treasury .
I n circulation . . .
February: .
Estimated stock.
In the Treasury .
In circulation . . .
March:
Estimated stock.
In the Treasury .
In circulation . . .
April:
Estimated stock.
In the Treasury .
In circulation . . .
Gold coin.
Gold bullion.
Total.
$1,029,226,186
398,024,919
631,201,267
$131,127,604
i:31,127,604
$1,160,353,790
529,162,523
631,201,267
1,034,964,136
401,105, 665
633,858,471
139,919,488
139, 919,488
1,174,883, 624
541,025,153
633,858,471
3,039,965,339
407,963, 599
632,001,740-
131,874,637
131,874, 637
1,171,839,976
539,838,236
632,001,740
1,050,488,707
415,114,157
635,374,550
125,683,446
125,683,446
1,176,172,153
540,797, 603
635,374,550
1,067,145,188
422,411,341
634,733,847
124,133,899
124,133,899
1,181,279,087
646,545,240
634,733,847
1,063,643,851
430,189,266
633,454,585
114,387,642
114,387,642
1,178,031,493
544,576,908
633,454,585
1,063,358,703
428,163,942
- 635,194,761
115,182,087
115,182, 087
1,178,540,790
543,346,029
635,194,761
1,067,066,189
429,633,237
637,432,952
116,586,538
116,586,538
1,183, 652, 727
,546,219,775
637,432,962
1,067,002,208
435,110,581
631,891,627
117,586,681
117,586,681
1,184,588,889
652,697,262
631,891, 627
1,068,311,784
436,917,495
632,394,289
124,282,806
124,282,805
1,192,594,589
660,200,300
632,394,289
1,067,034,786
435,878,352
631,156,433
126,890,672
126,890, 672
1,193,925,457
562,769,024
631,156,433
1,074,838,670
442,629,552
632,209,118
128,673,081
128,673,081
1,203,511,751
571,302, 633
632.209.118
1,080,110,347
455,382,287
624,728,060
136,124, 538
135,124,538
1,215,234,885
590.506.825
624, 728,060
1,082,156,751
457,783,106
624,373,645
148,516,021
148,516,021
1,230,672,772
606,299,127
624,373,645
1,083,674,894
452,263,926
631,410,968
158, 655,872
158,655,872
1.242,330,766
• 610,919,798
631,410,968
1,087,807,422
458,126,790
629,680,632
159,069,293
159,069,293
1,246,876,715
617,196,083
629,680,632
1,095,101,623
466,077,708
629,023,915
157,740,852
157,740,852
1,252,842,475
623,818.560
629,023; 915
1,102,028,942
476,766,287
626,262,655
156,017,539
156,017, 639
1,258,046,481
632.783.826
626,262,655
1,107,346,286
485,343,888
622,002,398
154,396,916
154,396, 915
1,261,743,201
639,740,803
622,002,398
1,107,120,714
483,988,254
623,132,460
160.182.865
160.182.866
1,267,303,579
644.171.119
623,132,460
173
TREASURER.
N o . 2 3 . — E S T I M A T E D STOCK OP GOLD COIN AND BULLION, THE AMOUNT IN THE
TREASURY, AND THE AMOUNT IN CIRCULATION AT THE E N D OF EACH MONTH, FROM
JANUARY, 1900—Continued.
Month.
1903—May:
Estimated stock..
In the Treasury...
In circulation
June:
Estimated stock.,
In the Treasury .,
In circulation
July:
Estimated stock.,
I n the Treasury ..
In circulation
August:
Estimated stock..
I n the Treasury ..
In circulation
September:
Estimated stock.
In the Treasury ..
In circulation . . . .
October:
Estimated stock.
I n the Treasury .
In circulation
November:
Estimated stock.
I n the Treasury .
In circulation
December:
Estimated stock.
In the Treasury .
In circulation
1904—January:
Estimated stock.
In the Treasury .
In circulation
February:
Estimated stock.
In the Treasury .
In circulation
March:
Estimated stock.
. I n the Treasury .
In circulation . . .
April:
Estimated stock.
In the Treasury .
In circulation
May:
Estimated stock.
In the Treasury .
In circulation . . .
June:
Estimated stock.
In the Treasury .
In circulation
July:
Estimated stock.
In the Treasury .
In circulation . . .
August:
Estimated stock.
In the Treasury .
In circulation . . .
September:
Estimated stock.
In the Treasury .
In circulation . . .
October:
Estimated stock.
In the Treasury .
In circulation . . .
November:
Estimated stock.
I n the Treasury .
In circulation . . .
December:
Estimated stock.
I n the Treasury .
In circulation . . .
Gold coin.
Gold bullion.
Total.
$1,101,766,986
477,784,977
623,982,009
$159,678,138
159, 678,138
$1,261,446,124
637,463,116
623,982,009
1,092,041,185
474,780,446
617,260,739
166,640,343
166,640,343
1,248,681,628
631,420,789
617,260,739
1,095,300,467
474,420,677
620,879,790,
160,448,601
160,448,601
1,266,749,068
634,869,278
620,879,790'
1,094,346,709
473,969,550
620,375,159-
173,388,240
173,388,240
1,267,733,949
647,357,790
620,376,169
1,094,516,971
471,966,037
• 622,550,934
182,845,680
182,845,680
1,277,362,651
654,811,717
622,^660,934
1,090,220,300
468,467,003
^ 621,753,297
192,071,603
192,071,603
1,282,291,903
660,538,606
621,753,297
1,099,437,060
472,411,968
. 627,025,092
198,670,676
198, 670,676
1,298,107,736
671,082,644
627,025,092
1,109,204,766
481,234,233
627,970,633
205,417,758
206,417,768
1,314,622,624
686,651,991
627,970,533
1,111,496,883
483,591,028
627,905,856
216,344,672
215,344,672
1,326,841,656
698,935,700
627,905,865
1,146,914,400
508,004,690
638,909,710
190,443,317
190,443,317
1,337,367,717
698,448,007
'638,909,710
1,207,926,349
557,001,639
660,924,710
140,877,621
140,877,621
1,348,803,970
697,879,260
650,924,710
1,239,660,256
583,600,838
656,159,418
112,324,321
112,324,321
1,351,984,677
695,826,169
666,169,418
1,270,166,981
625,271,433
644.894.648
42,954,887
42,954,887
1,313,120,868
668,226,320
644,894,648
1,285,080,291
639,262,716
645,817,676
42,676,107
42,576,107
1,327,656,398
681,838,822
645,817,676
1,284,748,247
640,636,267
644,112,980
67,674,493
67,674,493
1,342,422,740
698,309,760
644,112,980
1,281,212,025
634,547,213
646.064.812
68,684,640
68,684,640
1,349,896,666
703,231,753
646,664,812
1,284,554,126
642,709,262
641,844,863
66,901,843
66,901,843
1,361,456,968
709,611,106
641,844,863
1,314,683,906
672.790.813
641,793,093
48,463,176
48,463,176
1,363,047,081
721,253,988
641,793,093
1,306,440,609
657,940,060
647.600.649
46,976,024
46,976,024
1,361,416,633
703,916,084
647,500,649
1,297,139,999
647,691,471
649,548,528
48,812,536
48,812,636
1,346,952,536
696,404,007
649,548,528
174
REPORT ON T H E EINANCES.
N o . 23.—ESTIMATED STOCK OF GOLD COIN AND BULLION, THE AMOUNT IN THE
TREASURY, AND THE AMOUNT IN CIRCULATION AT THE E N D OF EACH MONTH, FROM
JANUARY, 1900—Continued.
Month. .
1906—January:
Estimated stock
In the Treasury
In circulation
February:
Estimated stock
In the Treasury
In circulation
March:
Estimated stock
In the Treasury
In circulation
April:
Estimated stock
In the Treasury
In circulation . . .
May:
Estimated stock
In the Treasury
In circulation
June:
Estimated stock
In the Treasury
In circulation
July:
Estimated stock . . .
In the Treasury
In circulation
August:
Estimated stock
In the Treasurv
In circulation
September:
Estimated stock
In the Treasury
In circulation
Gold coin.
.
.
$47,Oil, 075
47,011,076
$1,341,206, 452
691 678 950
649,627,, 502
1,286,600,046
640,848,326
. 645,761,720
44,565,674
44,665,674
1,331,166,720
686,414,000
645,751, 720
1,291,997,470
647,270,924
644,726,546
46,277,076
46,277,076
1,338, 274,646
693,648,000
644,726,646
1.292,171,106
647,747,895
644,423,211
51,726,053
51, 726,053
1,343,897,159
699,473,948
644,423,211
1,296, 649, 290
645,670,182
650,979,108
55,413,738
65,413,738
1 352 063 028
701,083,920
660,979,108
1,305,960,157
654,896,668
651,063,689
51,696,831
51,695,831
1,367 655,988
. 706,692,399
651,063,589
i,307,361,838
656,745,258
650,616,580
61,066,505
61,065,506
1,368,427,343
717,810,763
650,616,680
1,316,242,709
663,239,161
653,003, 648
63,561,606
63,561,605
1,379,804,314
726,800,766
663,003,548
1,314,507,078
662,176,94.3
662,330,136
72,750,850
72,750,850
1, 387,257,928
734,927,793
652,330,136
...
:
.
.
....
Total.
$1,294,195,377
644,667,875
649,527,602
. .
..
Gold bullion.
N o . 24.—ESTIMATED STOCK OF SILVER COIN, THE AMOUNT IN THE TREASURY, AND
THE A M O U N T I N C I R C U L A T I O N 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 , 1900;
ALSO S I L V E R O T H E R T H A N , STOCK H E L D I N T H E T R E A S U R Y .
standard
dollars.
1900—January:
Estimated stock
In the Treasury
In circulation..
February:
Estimated stock
In the Treasury
In circulation..
March:
Estimated stock
In the Treasury
In circulation..
April:
Estimated stock
. In the Treasury
In circulation..
May:
Estimated stock
In the Treasury
In circulation..
June:
Estimated stock
In the Treasury
In circulation..
July:
Estimated stock
In the Treasury
In circulation..
August:.
Estimated stock
In the Treasury
In circulation..
$477,046,563
409,158,644
67,888,019
, Subsidiary
silver.
Other silver
items held.
$80,346,414 $667,392,977
414,076,545
4,917,001
143,317,432
75,429,413
7,967,772
478,305,308
409,166,314
69,139,994
80,101,151
5,308,841
74,792,310
558,406,459
414,474,155
143,932,304
87,298,012
480,820,698
411,721,749
69,098,949
79,716,204
6,373,882
74,341,322
660,536,902
417,095,631
143,440,271
86,486,693
484,335,483
416,001, 649
68,333,834
80,512,991
5,512,174
75,000,817
564,848,474
421,513,823
143,334,651
82,757,930
487,497,976
419,852,448
67,645,528
81, 672,075
6,013,488
75,658,687
569,170,051
425,865,936
143, 304,116
79,666,726
490,618,052
424,188,576
66,429,476
82,901,023
6,606,973
76,294,050
573,519,075
430,795,549
142,723,526
76,168,898
493,129,901
427,370,660
65,759,341
83,777,071
7,236,871
76,541,200
576,906,972
434,606,431
142,300,641
73,697,296
495,286,994
428,461,498
66,825,496
85,567,835 ' 580,854,829
436,166,684
7,705,186
144,688,145
77,862,649
"70,'690,'225
175
TREASURER.
N o . 2 4 . — E S T I M A T E D STOCK OP SILVER COIN, THE AMOUNT IN THE TREASURY, AND
THE AMOUNT IN CIRCULATION AT THE E N D OF EACH MONTH, FROM JANUARY, 1900;
ALSO SILVER OTHER THAN- STOCK H E L D IN THE TREASURY—Continued.
Month.
1900—September:
Estimated stock
In the Treasury
In circulation..
October:
Estimated stock
In the Treasury
In circulation..
November:
Estimated stock
In the Trea.sury
I n circulation..
December:
Estimated stock
In the Treasury
In circulation..
1901—January:
Estimated .stock
In the Treasury
In circulation..
February:
Estimated stock
I n the Treasury
In circulation..
March:
Estimated stock
In the Treasury
In circulation..
April:
Estimated stock.
In the Treasury
In circul ation...
May:
Estimated stock
In the Treasury,
I n circulation..
June:
Estimated stock.
In the Treasury.
I n circulation...
July:
Estimated stock.
'^In theTreasury.
In circulation...
August:
Estimated stock.
In the Treasury.
In circulation..,
September:
Estimated stock.
In the Treasury.
In circulation...
October:
Estimated stock.
In the Treasury.
In circulation...
November:
Estimated stock.
I n the Treasury.
In circulation...
December:
Estimated stock.
In theTreasury.
In circulation...
1902—January:
Estimated stock.
In the Treasury.
In circulation...
February:
Estimated stock.
In the Treasury.
I n circulation...
March:
Estimated stock.
. In theTreasury.
"In circulation...
April:
Estimated stock.
In the Treasury.
In circulation...
Standard
dollars.
$498,349,343
427,173,078
71,176,266
Subsidiary
silver.
Total.
$86,000,748 $584,360,091
6,668,666 , 433,741,633
79,432,193
150,608,458
Other silver
items held.
$68,006,024
500,081,162
426,601,693
73,479,469
86,676,285
. 5,641,098
81,035,187
586,757,447
432,242,791
164,614,656
500,403,541
426,592,207
73,811,334
87,200,371
5,482,866
81,717,605
687,603,912
432,075,073
155,528,839
67,162,600
504,690,508
428,508,182
76,182,326
87,669,473
4,446,010
83,123,463
692,259,981
432,964,192
169,306,789
65,258,769
507,422,877
435,107,387
72,315,490
88,485,517
6,505,826
81,979,691
696,908,394
441,613,213
154,295,181
61,888, 314
510,301,316
439,224,949
71,076,367,
88,667,880
7,230,550
81,437,330
698,969,196
446,456,499
152,613,697
612,536,160
442,639,236
72,299,960
89,869,'906
9,016,799
80,863,107
602.406.066
451,656,034
163.163.067
66,112, 645
514,849,446
446,002,901
68,846,545
90,082,284
9,829,207
80,253,077
604,931,730
465,832,108
149,099,622
63,938,395
517,600,834
449,476,486
68,124,348
90,496,312
10,653,103
79,943,209
608,097,146
460,029,589
148,067,557
51,349,143
520,062,537
453,474,644
66, 587,893
90,490,289
10,790,201
79,700,088
610,652,826
464,264,845
146,287,981
1,372,275
522,028,673
455,440,045
. 66,588,628
90,610,250
10,314,823
80,196,427
612,538,923
465,754,868
146,784,055
47,780,491
524,181,832
466,160,793
68,021,039
91,308,385
10,520,167
80,788,228
615,490,217
466,680,950
148,809,267
526,644,894
455,343,779
71,201,115
90,613,512
9,075,395
81,638,117
617,168,406
464,419,174
152,739,232
528,222,988
455,109,468
73,113,620
92,464,180
8,464,829
83,999,361
620,687,168
463,674,297
167,112,871
41,951,267
629,171,229
455,960,492
73,210,737
91,228,964
7,652,642
84,176,421
620,400,193
463,613,034
167,387,158
40,591,221
630,732,617.
457,612,631
73,239,986
91,976,381
6,914,287
86,061,094
622,707,998
464,426,918
168,301,080
39,226,183
533,057,617
461,761,744
71,296,873
92,206,926
8,364,087
83,842,839
625,264,543
470,125,831
155,138,712
38,021,269
534,606,664
466,228,132
69,378,622
92,869,794
9,418,003
83,441,791
627,466,448
474,646,135
152,820,313
36,699,230
536,113,306
466,933,863
69,179,462
93,417,944
10,725,509
82,692,436
629,531,249
477,659,362
151,871,887
34,310,110
637,603,809
468,200,479
69,403,330
96,299,190
12,444,691
82,454,699
632,902,999
480,646,070
161,867,929
32,949,286
176
REPORT ON T H E EINANCES.
N o . 2 4 . — E S T I M A T E D STOCK OF SILVER COIN, THE AMOUNT IN THE TREASURY, AND
THE AMOUNT IN CIRCULATION AT THE E N D OF EACH MONTH, FROM JANUARY, 1900;
ALSO SILVER OTHER THAN STOCK H E L D IN THE TREASURY—Continued..
Month.
1902—May: .
Estimated stock.
In theTreasury.
In circulation...
June:
Estimated stock.
In the Treasury.
In circulation...
July: '
Estimated stock.
In the Treasury.
In circulation...
August:
Estimated stock.
In the Treasury.
In circulation...
September:
Estimated stock.
. In the Treasury.
In circulation...
October:
Estimated stock.
In the Treasury.
In circulation...
November:
Estimated stock.
In theTreasury.
.In circulation...
December:
Estimated stock.
In theTreasury.
In circulation...
1903—January:
Estimated stock.
In the Treasury.
In circulation...
February:
Estimated stock.
In the Treasury.
In circulation...
March: ^
Estimated stock.
In the Treasury.
In circulation...
April:
Estimated stock.
• In the Treasury.
In circulation...
May:
Estimated stock,
In the Treasury.
In circulation...
June:
Estimated stock.
In theTreasury,
In circulation..,
July:
Estimated stock.
In the Treasury,
In circulation..,
August:
Estimated stock.
In the Treasury,
In circulation..
September:
Estimated stock,
In the Treasury,
In circulation...
October:
Estimated stock.
In the Treasury,
'In circulation..,
November:
Estimated stock.
In the Treasury
In circulation..,
December:
Estimated stock
In the Treasury
In circulation..
1904—January:
Estimated stock
In the Treasury
In circulation..
Standard
dollars.
Subsidiary
silver.
Other silver.
items held.
684,786
469, 809,022
876,764
$95,432,492
12,793,627
82,638,866
5634,117,278
482,602,649
151,514,629
540, 136,200
471, 387,851
747,349
97,183,762
11,462,634
85,721,228
637, 318,962
482, 850,385
154, 468,677
33,132,696
540, 682,817
471, 776,352
68, 906,465
98,226,389
12,002,930
86,222,459
638, 908,206
483, 779.282
165, 128,924
31,442,360.
542, 363,298
471, 378,623
70, 984,675
97,766,461
10,361,174
87,416,287
640, 129,769
481, 729,797
168, 399,962
31,062,330
543, 360,860
408, 317,141
75, 043, 719
97,988,676
8,082,371
89,906,206
641, 349,436
476, 399,612
164, 949,924
0,146,199
545, 527,822
468, 010,664
77, 517,158
6,909,608
91,899,716
644, 337,146
474, 920,272
169, 416,873
28,411,203
547, 127,022
468, 426,11.0
78, 700,912
99,511,076
6,428,213
93,082,863
646, 638,098
474, 854,323
171, 783,775
26,979,708
548, 098,168
469, 787,834
78, 310,334
100,769,875
6,419,206
94,350,669
868,043
476, 207,040
172, 661,003
24,932,497
549, 580,553
473, 742,105
75, 838,448
100,528,619
8,020,705
92,506,814
660, 109,072
481, 762,810
168, 446,262
550, 683, 664
475, 532,410
151,254
100,616,082
8,624,739
91,990,343
661, 298,746
484, 167.149
167, 141,597
23,160,468
551, 615,317
477, 138.477
74, 476.840
100,786,118
. 8,600,673
92,286,445
662, 401,436
485, 639.150
166, 762,286
22,642,078
552, 268,066
478, 281,678
73, 986,478
101,141,563
8,831,987
92,309,566
552, 876,093
479, 458,884
73, 417,209
101,503,440
9,636,261
91,867,189
664,,379,533
489, 096,136
166, 284,398
2 L 701,026
554,400,226
482,008, 986
72,391,240
102,034,567
9,307,873
92,726,694
666, 434,793
491, 316,869
166, 117,934
21,349,002
555, 428,603
482, 860,149
72, 568,354
101,679,100
9,432,720
92,246,380
657, 007,603
492, 292,869
164, 814,734
20,603,634
555, 853,494
482, 894,482
72, 959,012
101,867,228
8,996,276
92,870,952
657, 720,722
491, 890,758
165, 829,964
19,528,220
555, 886,980
479, 927,497
959,483
102,825,368
7,958,266
94,867,102
668, 712,348
487, 885,763
170, 826,586
19,044,131
555, 034,790
4.76, 118,051
78, 916,739
104,087,329
7,851,871
96,235,458
659, 122,119
483, 969,922
176, 162,197
18,336,121
554, 739,235
473, 939,275
80, 799,960
105,236,815
8,106,008
97,130,806
669, 976,050
482, 045.283
177, 930,766
17,586,973
654, 841,489
473, 268,266
81, 573,223
105,938,279
8, S06,926
97,631,352
660, 779,768
481, 676,192
179, 204,675
16,728,170
555, 449,127
477, 551.527
77, 963,600
105,903,449
.1.0,433,121
95,470,326
661, 352,576
487, 984, 661
173, 433,926
'ie," 829,'364
;, 409,609
,113,565
s 296,044
$31, J
24,076,688
23,288,936
177
TREASURER.
N o . 2 4 . — E S T I M A T E D STOCK OF SILVER COIN, THE AMOUNT IN THE TREASURY, AND
THE AMOUNT IN CIRCULATION AT THE E N D OP EACH MONTH, FROM JANUARY, 1900;
• ALSO SILVER OTHER T H A N STOCK H E L D IN THE TREASURY—Continued.
Month.
1904—February:
Estimated stock.
In the Treasury
In circulation...
March:
Estimated stock
In the Treasury,
In circulation..
April:
Estimated stock.
In the Treasury,
In circulation..
May: ^
Estimated stock
In the Treasury
I n circulation..
June:
Estimated stock.
In the Treasury
In circulation..
July:
Estimated stock
In the Treasury.
In circulation.'..
August:
Estimated stock.
In the Treasury
In circulation..
September:
Estimated stock
In the Treasury
In circulation..
October:
Estimated stock.
In theTreasury.
I n circulation..
November:
Estimated stock;
In the Treasury
In circulation..
December: ,
Estimated stock
In the Treasury
In circulation...
1905—January:
Estimated stock.
In the Treasury.
In circulation...
February:
Estimated stock.
In the Treasury,
In circulation...
March:
Estimated stock.
In the Treasury.
In circulation...
April:
Estimated stock.
In the Treasury.
In circulation...
May:
Estimated stock.
In the Treasury.
In circulation...
.lune:
Estimated stock.
In the Treasury.
In circulation...
July:
Estimated stock.
In the Treasury.
In circulation.-,
August:
Estimated stock.
I n theTreasury.
In circulation..,
September:
Estimated stock.
I n the Treasury.
I n circulation...
H. Doc. 9, 59-1- -12
Standard
dollars.
Subsidiary
silver.
$557,
480, 798,298
76, 400,191
$106,903,896
11,417,518
96,486,378
567, 659,484
482, 860,303
74, 709,181
106,633,724
11,545,-932
95,087,792
664,
494,
169,
658, 579,393
484, 936,404
73, 642,989
106,672,887
11,852,585
94,820,302
.665,
496,
168,
559, 422,410
486, 816,683
72, 606,727
106,614,930
12,035,831
94,579,099
666,
498,
167,
15,307,748
559, 891,606
677,779
313,826
107,062,021
11,533, 678
95,628,343
666,
500,
166,
15,380, 998
560, 244,263
489, 662,702
70, 581,661
106,603,340
11,926,290
94,677,050
666,
501,
166,
14,876,180
569, 496,170
487, 987,441
71, 607,729
108,468,972
12,464,060
95, 994,732
667,
500,
167,
14,330,134
568, 861,028
482, 850,778
76, 000,250
110,300,314
11,460,297
98,840,017
669,
494,
174,
14,149,579
677.161
479, 234,038
79, 443,123
110,993,172
10,585,044
100,408,128
669,
489,
179,
558, 434,892
477, 912,010
80, 622,-882
111,694,407
9,808,023
101,886,384
670,
487,
182,
558, 484,968
478, 445,673
039,396
112,171,494
9,280,167
102,891,327
670,
487,
182,
13,930,685
568, 342,689
482, 180,839
76, 161,760
112,642,674
11,663,194
101,079,480
670,
493,
177,
13,992,413
668, 393,881
484, 064.162
74, 329,719
113,162,870
12,947,986
100,214,885
671,
497,
174,
558, 221,561
484, 389,788
73, 831,773
113,670,338
13,915,168
99,755,170
671,
498,
173,
568, 228,412
484, 586,657
73, 641,755
114,062,988
13,995,343
100,067,645
672,
498,
173,
13,600,500
658, 678,566
485, 060,912
73, 617,644
113,977,467
13,603,978
100,473,489
672,
498,
174,
13,359, 373
558, 816,866
486, 231,529
73, 584,336
114,824,189
13,386, 482
101,437,707
673,
498,
175,
12,710,588
659, 039,217
485, 462,319
73, 686,898
114,607,936
13,070,177
101,437,769
67S,
498,
175,
12, 486, 594
669, 220,217
483, 638,302
76, 681,916
114,484,171
11,664,150
102,820,021
673,
496,
178,
12,364,738
569, 433,865
479, 996,964
79, 436,901
115,246,222
9,706,256
105,539,966
674,,, 680,
489,, 703,
184,976,867
11,877,523
Total.
$664,102,
492, 215,
171,
Other silver
items held.
$.16,469,043
178
REPORT ON T H E FINANCES.
N o . 2 5 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES OUTSTANDING, IN THE TREASURY, AND IN CIRCULATION AT THE E N D OF EACH MONTH,
PROM JANUARY, 1900.
Month.
1900—January:
Outstanding . . . .
In the Treasury.
In circulation ..
February:
Outstanding
I n the Treasury.
In circulation ..
March:
Outstanding
In the Treasury,
In circulation .,
April:
Outstanding
In the Treasury.
In circulation ..
May:
Outstanding
In the Treasury.
In circulation..,
• June:
Outstanding
In the Treasury
I n circulation ..
July:
Outstanding . . . .
In the Treasury.
In circulation ..
August:
Outstanding
I n the Treasury
In circulation .
September:
Outstanding . . . ,
I n the Treasury
In circulation .
October:
Outstanding
I n theTreasury.
I n circulation .
November:
Outstanding
In the Treasury,
In circulation .
December:
Outstanding
In the Treasury.
In circulation '.
1901—January:
Outstanding
In the Treasury.
In circulation..
February:
Outstanding
In the Treasury,
In circulation..,
March:
Outstanding
In the Treasury,
In circulation..
April:
Outstanding
In the Treasury
In circulation..
May:
. Outstanding
In the Treasury
In circulation..,
June:
Outstanding . . . .
In the Treasury
In circulation..
July:
Outstanding . . . .
In the Treasury
In circulation..
August:
Outstanding
I n the Treasury,
i n circulation...
Treasury
notes.
Nationalbank notes.
$346,681,016
29,180,704
317,600,312
$87,871,280
1,864,640
86,016,740
$247,068,743
6,182,982
240,886,761
$681,621,039
37,218,226
644,402,813
346,681,016
28,339,650
318,341,366
87,198,000
1,252,773
85,945,227
249,516,228
3,776,647
245,739,681
683,395,244
33,369,070
650,026,174
346,681,016
23,878,372
322,802,644
85,376,000
724,941
84,650,069
271,034,338
3,876,714
267,157,624
703,090,354
28,480,027
674,610, 327
346,681,016
19,848,668
326,832,448
82,629,000
837,941
81,791,059
286,359,366
6,309,026
280,050,340
714,669,382
25,996,636
688,673,847
346,681,016
23,928,067
322,762,949
79,440,000
803,241
78,636,759
300,569,759
6,612,189
294,057,670
726,690,776
31,243,497
696,447,278
346,681,016
30,066,902
316,614,114
76,027,000
779,603
76,247,497
309,640,444
9,478,892
300,161,652
732,348,460
40,325,297
692,023,163
346,681,016
28,770,065
317,910,951
73,638,000
682,060
72,855,940
320,095,891
8,998,726
311,097,165
740,314,907
38,450,851
701,864,056
34.6,681,016
28,724,045
317,966,971
70,388,000
497,349
69,890,661
324, 304,325
9,676,802
314,627,623
741,373,341
38,898,196
702,476,145
346,681,016
22,174,702
324,506,314
67,714,000
113,812
67,600,188
328,416,428
9,079,798
319,336,630
742,811,444
31,368,312
711,443,132
346,681,016
13,386,955
333,296,061
65,563,000
84,540
66,478,460
331,693,648
6,318,390
325,375,258
743,937,664
19,788,886
724,148,779
346,681,016
13,Oil, 657
333,669,359
63,448,000
86,670
63,361,330
332,292,300
5,343,130
326,949,170
742,421,316
18,441,457
723,979,869
346,681,016
12,093,521
334,687,495
61,397,000
166,841
61,230,159
340,141,175
7,952,649
332,188,526
748,219,191
20,213,011
728,006,180
346,681,016
13,626,612
333,054,404
58,278,000
186,169
58,091,831
346,821,871
13,461,480
333,360,391
751,780,887
27,274,261
724,506,626
346,681,016
11,259,294
335,421,722
65,957,000
99,673
55,867,327
348,656,256
10,062,244
338,593,012
751,293,272
21,421,211
729,872,061
346,681,016
9,791,535
336,889,481
63,881,000
162,768
63,728,232
350,101,406
8,945, 979
341,155,427
750,663,422
18,890,282
731,773,140
346,681,016
9,070,898
337,610,118
61,880,000
84,903
61,796,097
350,764,267
7,038,975
343,725 282
749,326,273
16,194,776
733,130,497
346,681,016
12,197,634
334,483,382
49,784,000
106,716
49, 677,284
361,582,690
8,240,741
343,341,849
748,047,606
20,646,091
727,602,616
346,681,016
14,213 003
332,468,013
47,783,000
242,756
47,640,246
363,742,187
8,616,666
346,126,621
748,206,203
23,071,424
726,134,779
346,681,016
13,860,317
332,820,699
46,029,000
113,096
46,916,906
366,152,903
9,261,181
346,901,722
748,862,919
23,224,693
726,638,326
346,681,016
12,706,392
333,976,624
44,433,000
132,683
44,300,417
357,419,155
9,645,840
347,773,316
748,533,171
22,483,816
726,049,366
United States
notes.
Total.
179
TREASURER.
N o . 2 5 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES OUTSTANDING, IN THE TREASURY, AND IN CIRCULATION AT THE E N D OP EACH.MONTH,
PROM JANUARY, 1900—Continued.
Nationalbank notes.
Month.
1901—September:
Outstanding
In the Treasury.
In circulation..
October:
Outstanding
In the Treasury.
I n circulation..
November:
Outstanding
In the Treasury.
In circulation..
December:
Outstanding
In the Treasury
In circulation..
1902—January:
Outstanding'
In the Treasury
In circulation..
February:
Outstanding . . .
In the Treasury
In circulation..
March:
Outstanding . . .
In the Treasury
In circulation..
April:
Outstanding . . .
In the Treasury
In circulation..
May:
Outstanding . . .
In the Treasury
In circulation..
* June:
Outstanding . . .
In the Treasury
In circulation..
July:
Outstanding . . .
In the Treasury
In circulation..
August:
Outstanding . . .
In the Treasury
In circulation..
September:
Outstanding . . .
In the Treasury
In circulation..
October:
Outstanding
In the Treasury
In circulation..
November:
Outstanding
In the Treasury
i n circulation..
December:
Outstanding
In the Treasury
In circulation..
1903—January:
Outstanding . . .
I n t h e Treasury
In circulation..
February:
Outstanding
I n the Treasury.
In circulation..
March:
Outstanding
I n t h e Treasury.
In circulation..,
April:
Outstanding
In the Treasury.
In circulation...
Total.
$346,681,016
8,661,150
338,029,866
$43,026,000
81,219
42,944,781
$358,830,648
9,512,334
349,318,214
$748.637,564
18,244,703
730,292,861
346,681,016
7,899,988
338,781, 028
41,434,000
49,386
41,384,614
359,911, 683
8,237,121
351,674,562
748,026,699
16,186,495
731,840,204
346,681,016
7,339,921
341,096
40,110,000
97,378
40,012,622
359,720, 71.1
8.357,637
351,363,074
746,611.727
15,794,936
730,716,791
346,681,016
5,614,630
341,166,386
38,696,000156,263
38,439,737
360,289, 726
10,433,450
349,856,276
745,666,742
16,104,343
729,462,399
346,681,016
10,999,371
335,681,645
37,533,000
89,476
37,443,524
359,444,615
13,006,953
346,437,662
743,658,631
24,095,800
719,562,831
346,681,016
11,278,286
335,402,730
35,346,000
177,610
35,168,390
358,434,867
10,864,621
347,570,246
740,461,883
22, 320, 517
718,141,366
346,681,016
9,987,171
336,693,845
33,963,000
81,881
33,881,119
357,476,407
9,141,233
348,335,174
738,120,423
19,210,285
718,910,138
681,016
572,902
338,108,114
32,638,000
89,427
32,548,673
356,987,399
8,982,718
348,004, 681
736,306,415
17,645,047
718,661,368
346,681,016
8,536,279
338,144,737
31,307,000
164,323
31,142,677
356,747,184
9,117,164
347,630,020
734,735,200
17,817,766
716,917,434
346,681,016
12,389,294
334,291,722
30,000,000
197,224
29,802,776
356,672,091
11,195,575
345,476, 516
733,353,1.07
23,782,093 •
709,571,014
346,681,016
9,252,347
337,428,669
28,763,000
127,415
28,635,585
358,984,184
12,937,219
346,046,965
734,428,200
22,316,981
712,111,219
346,681,016
5,539,242
341,141,774
27,701,000
78,250
27,622,750
361,282,691
14,725,312
346,657, 379
735,664,707
20,342,804
715,321,903
346,681,016
3,750,930
342,930,086
26,836,000
94,210
26, 741,790
366,993,598
14,610,339
352,383,259
740,510,614
18,466,479
722,065,135
346,681,016
3,041,934
343,639,082
25,796,000
47,722
26,748,278
380,476,334
13,468,852
367,007,482
752,953,350
16,558,508
736,394,842
346,681,016
2,897,475
343,783,541
25,054,000
131,485
24,922,615
384,854,514
13,302,019
371,552,495
756,589,530
16,330,979
740,258,551
346,681,016
2,910,158
343,770,858
24,053,000
132,674
23,920,426
384,929, 784
16,251,253
368,678,531
755,663,800
19,293,986
736,369,815
346,681,016
6,473,603
340,207,613
22,953,000
87,622
22,865,478
383,973,646
21,669,293
362,404,253
753,607,562
28,130,318
726,477,244
681,016
4,288,223
342, 392,793
22,232,000
106,901
22,126,099
382,798,845
16,Oil, 286
366,787,669
751,711,861
20,406,410
731,306,461
346,681,016
2,406,334
344,274,682
21,601,000
80,828
21,420,172
382,619,258
9,733,404
372,785,864
760,701; 274
12,220,566
738,480,708
346,681,016
4,607,767
342,073,249
20,795,000
124,260
20,670,740
391,161,728
9,846,606
381,306,122
768,627,744
14,577,633
744,050,111
180
REPORT
ON T H E
EINANCES.
N o . 2 5 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES OUTSTANDING, IN THE TREASURY, AND IN CIRCULATION AT THE E N D OP EACH MONTH,
PROM JANUARY, 1900—Continued.
Month.
1903—May:
Outstanding
I n the Treasury.
In circulation...
June:
Outstanding
In the Treasury.
In circulation...
July:
Outstanding
I n the Treasury.
In circulation...
August:
Outstanding
In the Treasury.
In circulation...
September:
Outstanding
I n the Treasury.
In circulation...
October:
Outstanding
In the Treasury.
In circulation.'..
November:
Outstanding
In the Treasury.
• I n circulation...
December:
Outstanding
In. the Treasiiry.
In circulation...
1904—January:
Outstanding
I n t h e Treasury.
In circulation.'..
February:
Outstanding
In the Treasury.
In circulation...
March:
Outstanding
In the Treasury.
In circulation...
April:
Outstanding
In the Treasury.
In circulation.'..
May:
Outstanding
Ih the Treasury.
In circulation..
June:
• Outstanding
• I n the Treasury.
I n circulation..
July:
Outstanding
I n the Treasury
In circulation..
August:
Outstanding
In the Treasury
In circulation..
September:
Outstanding
I n the Treasury
I n circulation..
October:
Outstanding
I n the Treasury
• I n circulation..
November:
Outstanding . . .
In the Treasury
In circulation..
December:
Outstanding . . .
I n t h e Treasury
I n circulation..
United States
notes.
$346,681,016
6,571,478
340,109,638
Treasury
notes.
Nationalbank notes.
Total.
$20,013,000 $406,443,205
11,352,287
146,258
19,866,742 395,090,918
$773,137,221
18,070,023
755,067,198
346,681,016
12,432,449
334,248,667
19,243,000
166,352
19,076, 648
413,670, 650
13,673,941
399,996,709
779,594,666
26,272,742
753,321,924
346,681,016
11,486,451
336,196,565
18,566,000
88,422
18,467,578
417, 346,487
15,948,987
401,397,500
782,583, 503
27,522,860
755,060,643
346,681,016
11,303,448
335,377,568
17,970,000
119,746
17,850,254
418,587,976
19,203,045
399,384,930
783,238,991
30,626,239
752,612,752
346,681,016
10,302,247
336,378,769
17,498,000
162,792
17,335,208
420,426,635
16,620,837
404,905,698
784,605,551
25,985,876
758,619,676
346,681,016
6,719,673
340,961,343
16,874,000
• 93,825
16, 780,176
419,610, 683
10,872,165
408,738, 618
783,165,699
16,685, 663
766,480,036
346,681,016
2,387,365
344,293,651
16,428,000
46, 720
16,381,280
421,106,979
8,141,361
412, 965,618
784,216,995
10,575,446
773,640, 549
346,681,016
3,408,578
343,272,438
15,906, 000
77,147
15,828,853
425,163,018
12,009,829
413,153,189
787,750,034
15, 495, 554
772,254,480
346,681,016
8,988,196
337,692,820
15,322,000
88,327
16,233,673
426,857,627
18,654,036
408,203,591
788,860, 643
27,730,559
761,130,084
346,681,016
9,368,475
337,312,641
14,846,000
65,067
14,780,933
430,324, 310
14,040,247
416,284,063
791,851,326
23,473, 789
768,377,537
346,681,016
6,273,146
341,407,870
14,372,000
57,324
14,314,676
434,909,942
10,116,596
424,793, 346
795,962,958
15,447,066
780,515,892
346,681,016
6,903,945
339,777,071
13,987,000
133,805
13,853,196
437,080,573
12,715,566
424,365,007
797,748,589
19,753,316
777,995,273
346,681,016
9,376,636
337,304,380
13,473,000
98,576
13,374,424
445,988,565
14,257,581
431,730,984
806,142,581
• 23,732,793
782,409,788
346,681,016
12,921,591
333,769,426
12,978,000
75,943
12,902,057
449,235,095
16,207,259
433,027,836
808,894, 111
29.204,793
779; 689,318
346,681,016
15,001,782
331,679,234
12,653,000
102,234
12,550,766
450,206,888
17,505,015
432,701,873
809,540,904
32,609,031
776,931,873
346,681,016
13,869,797
332,811,219
12,225,000
56,813
12,168,187
452,516,773
18,623,087
433,893,686
811,422,789
32,549.697
778,873,092
346,681,016
9,756,268
336,924,768
11,966,000
105,901
11,860,099
456,079,408
1.4,051,921
442,027,487
814,726,424
23,914,080
790,812,344
346,681,016
4,548,696
342,132,421
11,613,000
61,113
11,551,887
457,281,500
12,041,082
445,240,418
815,675,516
16,650,790
798,924,726
346,681,016
4,057,379
342,623,637
11,331,000
44,070
11,286,930
460,679,076
12,298,003
448,381,072
818,691,091
16,399,452
802,291,639
346,681,016
4,393,389
342,287,627
11,019,000
78,946
10,940,054
464,794,166
16,636,878
449,157,278
822,494,172
20,109,213
802,384,959
181
TREASURER.
N o . 2 5 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES OUTSTANDING, IN THE TREASURY, AND IN CIRCULATION AT THE E N D OF EACH MONTH,
FROM JANUARY, 1900—Continued.
Month.
1905—January:
Outstanding . . .
In t h e Treasury
In circulation..
February:
Outstanding . . .
I n t h e Treasury
In circulation..
March:
Outstandiug . . .
In t h e Treasury
In circulation..
April:
Outstanding ...
In t h e Treasury
I n circulation.'.
May:
Outstanding . . .
In t h e Treasury
In circulation..
June:
Outstanding . . .
In t h e Treasury
In circulation..
July: .
Outstanding . . .
I n t h e Treasury
In circulation..
August:
Outstanding'...
I n t h e Treasury
In circulation..
September:
Outstanding . . .
In t h e Treasury
In circulation..
United States
notes.
Treasury
notes.
Nationalb a n k notes.
$346, 681,016
12, 217,996
334, 463,020
$10,702,000
107,207
10,694,793
$467,422,853
20,884,648
446,538,205
$824,805,869
33,209,861
791,696,018
346, 68i:,016
14, 061,633
332, 619, 383
10,330,000
46,417
10,283,583
469,203,840
16,107,136
453,096,704
826,214,856
30,215,186
796,999,670
346, 681,016
14, 616,143
332, 064,873
10,111,000
63,224
10,047, 776
• 475,948, 946
12,128,996
463,819,950
3'46, 681,016
15, 008,354
331, 672,662
9,865,000
42,866
9,822,134
346, 681,016
14, 396,323
332, 284,693
Total.
832, 740, 961 '
26,808,362
806,932, 599
481,244,946
12,854,398
468,390,547
837,790,961
27,905,618
809,886,343
9,617,000
33,709
9,683,291
488,327,516
13,968,127
474,359,389
844,625,532
28,398,159
816,227,373
346, 681,016
1-4, 260,319
332, 420,697
9,413,000
140,982
9,272,018
495,719,806.
15,690,957
480,028, 849
851,813,822
30,092,268
821,721, 564
346, 681,016
15, 249,241
331, 431,775
9.166,000
41,426
9,123,575
503,971,395
17,222,511
486,748,884
859,817,411
32,513,177
827,304,234
346, 681,016
13, 141,905
333, 539,111
8,984,000
63,747
8,920,253
512,220, 367
20,100,441
492,119,926
867,886,383
33,306,093
834,579,290
346, 681,016
10, 342,090
336, 338,926
8,796,000
30,142
8,764,858
516,362,240
16,101,921
500,250,319
871,828,256
26,474,153
846,354,103
,
N o . 2 0 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY CERTIFICATES
OUTSTANDING, IN THE TREASURY, AND IN CIRCULATION AT THE E N D OP EACH MONTH,
FROM JANUARY, 1900.
Month.
1900—January:
Outstanding
In theTreasury.
In circulation..'.
February:
Outstanding
In the Treasury.
In circulation . .
March:
Outstanding
In the Treasury.
In circulation...
April:
Outstanding —
In the Treasury.
In circulation...
May:
Outstanding
In the Treasury.
In circulation . .
June:
Outstanding
In the Treasury.
In circulation . .
July:
Outstanding
I n theTreasury.
In circulation . .
August:
Outstanding
In the Treasury..
In circulation . . ,
Gold
certiticates.
Silver
certificates.
Currency
certificates.
213,819
23, 330,930
184, 882,889
$405,363,604
8,844,459
396,619,045
$14,600,000
20,000
• 14,680,000
$628,177,323
32,195,38?
595,981,93^-
210, 260, 779
28, 994,442
181, 266,337
407,375,504
7,272,017
400,103,487
15,370,000
100,000
. 15,270,000
633.006,283
36,366,459
596,639,824
210, 757,779
37, 11.4,928
173, 642,851
409,723,000
6,679,641
403,043,359
14,646,000
310,000
14,335,000
635,125,779
44,104,569
691,021,210
224, 399,779
26, 872,370
197, 527,409
413,495,000
6,301,190
407,193,810
7,470,000
210,000
7,260,000
646,364,779
33,383,560
61.1,981,219
229, 884,179
25, 834,880
.204, 049,299
415,475,000
6,997,351
408,477,649
4,785,000
4,785,000
650,144,179
32,832,231
617,311,948
227, 797,179
27, 241,710
200, 666,469
416,015,000
7,515,653
408,499,347
3,705,000
229, 000,179
21, 396,770
207, 603,409
419,163,000
8,595,706
410,657,294
2,680,000
236, 975,679
25, 687,310
210, 388,369
424,212,000
8,336,273
415,876,727
3,706,000
2,680,000
2,660,000
"i'mooo"
Total.
647,517,179
34,757,363
612,769,816
650,833,179
29,992,476
620,840,703
662,747,679
33,923,683
628,824,096
182
REPORT ON T H E FINANCES.
N o . 2 6 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY CERTIFICATES
OUTSTANDING, IN THE TREASURY, AND IN CIRCULATION AT THE E N D OF°EACH MONTH,
PROM JANUARY, 1900—Continued.
Month.
1900—September:
Outstanding
In the Treasury.
In circulation . .
October:
Outstanding . . . .
In the Treasury.
In circulation . .
November:
Outstanding . . . .
In the TreasuryIn circulation . .
December:
Outstanding
In the Treasury.
In circulation . .
1901—January:
Outstanding
111 the Treasury.
In circulation...
February:
" Outstanding
In the Treasury.
In circulation...
March:
Outstanding
In the Treasury.
In circulation...
April:
Outstanding
In the Treasury.
In circulation...
May:
Outstanding
In the Treasury.
In circulation...
June:
Outstanding
In the Treasury.
In circulation...
July:
Outstanding
I n theTreasury.
In circulation..,
August:
Outstanding
In the Treasury.
In circulation...
September:
Outstanding
In the Treasury.
In circulation...
October:
Outstanding
In the Treasury,
In circulation...
November:
Outstanding
I n the Treasury.
In circulation...
December: "*"
Outstanding
In the Treasury.
In circulation...
1902—January:
Outstanding
I n theTreasury,
I n circulation..
February:
Outstanding
I n t h e Treasury,
I n circulation..
March:
Outstanding
I n the Treasury,
I n circulation...
April:
Outstanding
I n t h e Treasury.
In circulation..
Gold
certificates.
Silver
certificates.
$239,826,679
30,716,330
209,110,349
$425,153,000
.4,887,265
420,265, 735
$1,820,000
•248,488,679
32,892,710
215, 696,969
425,124, 000
3, 743,255
421,380,745
1,790,000
10,000
1,780,000
675,402,679
36,645, 965
638,756, 714
254,007,379
22,761,030
231,246, 349
425,374,000
3,760,593
421,613,407
1,690,000
1,690,000
681,071,379
26, 521, 623
654, 549, 756
263, 629,379
30,841,450
232,787,929
427,426,000
5,026, 597
422, 399,403
1,560,000
30,000
1,560,000
692,615,379
35,898,047
656,747,332
275,667,279
17,750,570
257,916,709
428,597,000
8,857,678
419,739,322
995,000
705,259, 279
26,608,248
678,661,031
276,040,989
18,492,260
267,548,739
427,854,000
5,613,310
422,340,690
710,000
710,000
276,704,989
28,418,890
248,286,099
431,841,000
4,634,680
427,206, 320
708,545, 989
33,053,570
675,492,419
283,441,989
30,182,190
253,259,799
435,521,000
4,947,478
430,573,622
718, 962,989
36,129,668
683,833,321
284,961,789
33,666,460
251,285,329
436,928,000
6,307,182
429,620,818
720,879,789
39,973,642
680,906,147
288,957,689
. 43,241,950
245,715,739
435,014,000
5,373,262
429,640,738
723,971, 689
48,615,212
675,366,477
291,005,689
35,538,290
255,467,399
436,957,000
6,906,231
431,050, 769
727,962,689
41,444,521
686,518,168
296,318,689
36,976,040
259, 342,649
439,282,000
5,731,158
433,550,842
735,600, 689
42,707,198
692,893,491
302,926,089
25,408,920
277,517,169
442,080,000
6,642,038
435,437,962
745, 006,089
32,050,958
712,955,131
312,815,089
31,136,430
281,678,659
449,648,000
7,837,663
441,810,337
762,463,089
38,974,093
723,488,996
315,726,089
33,426,740
282,298,349
454,082,000
6,229,808
447,852,192
769,807,089
39,656,548
730,160,641
316,786,089
38,788,020
277, 997,069
456,087,000
6,694,108
44.9,492,892
772,872,089
45,382,128
727,489, 961
325,722,089
18,217,250
307,504,839
453,089,000
10,077,620
443,Oil,480
778,811,089
28,294,770
760,516,319
330,258,089
24,602,390
306,765,699
450,471,000
6,673,704
443,797,296
780,729,089
31,176,094
749,652,996
334,681,089
36,093,110
298,487,979
464,256,000
6,672,408
447,582,592
788,836,089
42,766,618
746,070,671
341,620,089
38,345,600
303,274,489
465,944,000
6,820,496
449,123,504
797,564,089
46,166,096
752,397,993
Currency
certificates.
1,820, 000
996,000
Total.
$666, 799,679
35, 603,595
631,196,084
704,604,989
24,715,560
679,889,429
183
TREASUEER.
N o . 26.^—GOLD CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY CERTIFICATES
OUTSTANDING, IN THE TREASURY, AND IN CIRCULATION AT THE E N D OF EACH MONTH,
FROM JANUARY, 1900—Continued.
Month.
1902—May:
Outstanding...
In the Treasury
In circulation..
June:
Outstanding . . .
In the Treasury
In circulation..
July:
Outstanding . . .
In the Treasury
In circulation..
August:
Outstanding . . .
I n the Treasury
In circulation..
September:
Outstanding . . .
In the Treasury
In circulation..
October:
Outstanding...
In the Treasury
I n circulation..
November:
Outstanding . . .
I n the Treasury
In circulation..
December:
Outstanding...
I n the Treasury
In circulation..
1903—January:
Outstanding . . .
In the Treasury
In circulation..
February:
Outstanding . . .
I n the Treasury
In circulation..
March:
Outstanding . . .
I n the Treasury
In circulation..
April:
Outstanding . . .
In the Treasury
In circulation..
May:
Outstanding . . .
In the Treasury
I n circulation..
June:
Outstanding . . .
I n the Treasury
In circulation.'.
July:
Outstanding . . .
In the Treasury
In circulation..
August:
Outstanding . . .
In the Treasury
I n circulation..
September:
Outstanding . . .
I n the Treasury
In circulation.'.
October:
Outstanding . . .
In the Treasury
I n circulation:.
November:
Outstanding...
I n the Treasury
In circulation .
December:
Outstanding . . .
In the Treasury
In circulation..
Gold
certificates.
Silver
certificates.
$345,272,
39,129,
306,142,
$465,607,000
7,667,684
447,949,416
$800,879,089
46,786,804
754,092,285
346,612,
40,213,
306,399,
453,997,000
7,439,338
446,657,662
800,609,089
47,662,418
752,956,671
356,986,
42,221,
314,764,
456,217,000
8,771,468
447,446,642
813,202,089
60,992,628
762.209.661
359,390,
52,745,
306,644,
468,785,000
6,427,977
462,367,023
818,176,089
59,173,127
769,001,962
363,311,
58.929,
304,382,
466,762,000
6,180,622
459,671,478
829,063,089
66,109,667
763,963,532
367,078,
24,322,
342,756,
467,442,000
4,271,662
• 463,170,438
834,520,669
28,693,937
806,926,632
376,358,
30,406,
345,952,
467,824,000
4,619,160
463,304,840
844,182,669
34,925,705
809,256,864
383,564,
37,145,
346,418,
468,957,000
5,386,368
463,570,632
852,621,069
42,631,618
809,989,461
398,621
22,586;
376,034,
466,297,000
8,440,401
466,866,599
863,918,069
31,026,656
832,891,413
399,062,
25.930,
373,132,
463,431,000
6,276,417
457,164,583
862,493,069
32,206,442
830,286,627
402,008,
39,083,
362,924,
466,498,000
4,910,447
461,687,553
868,506,069
43,993,617
824.612.662
410,257,
28,626,
381,631
464,373,000
6,129,354
459,243,646
874,630,869
33,755,764
840,876,105
411,199,
29,945,380
381,264,
462,650,000
6,963,269
456,686,731
873,749,869
35,908,649
837,841,220
409,119,
31,861
377,268,
464,706,000
9,972,987
464,733,013
873,825,869
41,834,297
831,991,572
412,087,
25,718,
386,369,
463,614,000
8,720,068
464,893,932
875,701,869
34,438,638
841,263,331
416,386,
22,229,
394,165,
462,384,000
6,456,616
465,928,384
878,769,869
28,686,566
860,084,303
420,487,
26,390,
391,097,
464,715,000
6,192,784
458,522,216
886,202,869
32,682,994
862,619,875
433,198,
31,562,
401,646,
469,771,000
7,407,961
462,363,039
902,969,869
38,960,531
864,009,338
441,739,
37,668,
404,070,
473,041,000
6,639,918
466,601,082
914,780,869
44,208,868
870,672,011
447,176,
26,096,
421,080,
472,247,000
6,410,710
465,836,290
919,422,869
32,506,660
886,916,309
Currency
certificates.
Total.
184
REPORT ON T H E ' F I N A N C E S .
N o . 2 0 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY CERTIFICATES
OUTSTANDING, IN THE TREASURY, AND IN CIRCULATION AT THE E N D OF EACH MONTH,
-FROM JANUARY, 1900—Continued.
Month.
1904-January:
Outstanding
In the Treasury.
In circulation...
February:
Outstanding
In the Treasury.
In circulation...
March:
Outstanding
In the Treasury,
In circulation...
April:
Outstanding
In the Treasury.
In circulation...
May:
Outstanding
In the Treasury.
In circulation..,
June:
Outstanding
In the Treasury.
In circulation..,
July:
Outstanding
In the Treasury.
In circulation...
August:
Outstanding
In the Treasury,
In circulation...
September:
Out standing
In the Treasury.
In circulation...
October:
Outstanding
In the Treasury.
I n circulation..
November:
Outstanding
In the Treasury.
In circulation...
December:
Outstanding
I n the Treasury.
In circulation...
1905—January:
Outstanding
I n the Treasury.
In circulation...
February:
Outstanding
In theTreasury,
In circulation...
March:
Outstanding
In the Treasury.
I n circulation..
April:
Outstanding
In the Treasury,
In circulation..
May:
Outstanding . . .
• In the Treasury
In circulation..
June:
Outstanding . . .
In the Treasury
In circul a t i o n . .
July:
Outstanding
In the Treasury,
In circulation..
August:
Outstanding
In the Treasury
In circulation..
September:
Outstanding . . .
I n the Treasury
I n circulation..
Gold
certificates.
Silver
certificates,
Currency
certificates.
Total.
949,869
18, 376,260
469, 573,609
$464,261,000
8,325,172
455,935,828
$952,210,869
26,701,432
925,509,437
477, 903,869
15, 696,890
462, 206,979
469,942,000
7,840,898
462,101,102
947,845,869
23,637,788
924,308, 081
467, 660,869
18, 311,300
449, 349, 569
473,086,000
7,032,921
466,052,079
940,745,869
25,344,221
915,401,648
493,457,869
29,609,800
463, 948,069
472,565,000
6,475,916
466,079,084
966,012,869
35,985,716
930,027,153
489, 974,869
39, 340, 940
450, 633,929
471,662,000
7,505,174
464,156,826
961,636,869
46,846,114
914,790, 756
494, 630,569
28, 976,470
465, 665,099
470,476,000
9,337,302
461,138, 698
.965,106,569
38,312,772
926,793,797
521, 430,969
20, 566,840
500, 864,129
469,645, OOOIO, 123,090
469,621,910
991,075,969
30,689,930
960,386,039
527, 336,969
23, 617,510
503, 719,459
468,329,000
6,808,840
461,620,160
995,665,969
30,426,350
965,239,619
528,491,969
41, 979,830
486,612,139
474,322,000
6,182,124
468,139,876
1,002,813,969
48,161, 954
954,652,015
5:^1,479,969
41, 286,210
490,193,759
478,464,000
5,750,168
472,713,832
i, 009,943,969
47,036,378
962,907,591
530, 780,969
60, 678,500
470, 102,469
477,320,000
6,735,556
471,684,444
1,008,100,969
66,414,056
941,686, 913
624, 684,969
57, 945,280
466,739,689
477,102,000
9,084,773
468,017,227
1,001,786,969
67,030,053
934, 756, 916
525. 959,969
35, 626,600
490, 434,369
474,225,000
13,974,964
460,250, 046
1,000,184,969
49,500,554
950, 684,415
,149, 969 469,655,000
i, 593,150
7,893,101
:, 556,819 461,761,899
990,804,969
46,486,251
944,318,718
518,186,969
45,870,650
472, 316,319
468,314,000
5,883,424
462,430,576
986,500,969
61,754,074
934,746,895
519,204, 969
32, 062,750
487, 142.219
469,349,000
6,502,487
462,846,513
988,553,969
38,665,237
949, 988,732
519, 762.969
36,851.970
482, 910,999
466,150,000
. 5,687,897
460,462,103
986,912,969
42,539,867
943,373,102
517, 789,969
32, 579.220
486,210,749
465,265,000
10,400,292
454,864,708
983,054,969
42,979,612
940,075,467
618, 411,969
24, 974,090
493,437,879
466,150,000
7,631,049
458,518,951
984,661,969
32,606,139
951,956,830
522, 202,969
30, 867,730
491, 335,239
471,735,000
7,396,959
464,339,041
993,937,969
38,263,689
956,674,280
520, 047,969
48, 451,990
471, 595,979
475,017,000
6,043,693
469,973,307
996,064,969
63,496,683
941,669,286
185
TREASURER.
No.
2 7 . — E S T I M A T E D STOCK OP ALL K I N D S OP MONEY AT THE E N D OF EACH MONTH,
FROM J A N U A R Y , 1900.
[Notes include United States notes, Treasury notes, and national-bank notes.]
Month.
1^00—January...
February..
March
April
May
June
July
August —
Septeinber
October . . .
November.
December.
1901—January...
February..
March
April
May
June
July.......
August
September
October . . .
November
December.
1902—January...
February..
March
April
May.,
June
July^
AugQst
* September
October . . .
November
December.
1903—January...
February .
March
April
May.......
June
July
August
September
October...
November
December.
1904—January...
February .
March
April
May
June
..
July
August
September
October...
November
December.
19Q5—January...
February .
March.-.-..
April
May . . . . . .
June
July
August
September
Gold.
Silver.
Notes.
$1,022, 943,682 $557,392,977 $681,621,039
1,025, 826,162
668,406,459
683,396,244
1,034, 203,613
660,635,902
703,090,354
1,043, 525,117
564,848,474
714.669.382
1,041, 531,374
569,170,051
726,690,776
1,036, 031.645
573,519,076
732,348,460
1,053, 518,893
576,906,972
740,314,907
1,049, 347,994
680,854,829
741,373,341
1,059, 288,820
584,350,091
742,811,444
1,080, 027,407
586,757,447
743,937,664
1,099, 184,997
587,603,912
742,421,316
1,108, 541,829
692,259,981
748,219,191
1,112, 427,728
596,908,394
761,780,887
1,117, 032,760
598,969,196
751,293,272
1,124, 167,697
602,406,066
760,663,422
1,129, 267,647- 604,931,730
749,326,273
608,097,146
748,047,606
1.123, 738,871
610,652,826
748,206,203
1.124, 729,261
612,538,923
748,862,919
1,136, 970,656
616,490,217
748,533,171
1,147, 836,145
617,168,406
748,637,664
1,160, 363,790
620,687,168
748,026,699
1,174, 883,624
621,000,193
746,611,727
1,171, 839,976
622,707,998
746,666,742
1,176, 172,153
626,264,543
743,658,631
1,181, 279,087
627,466,448
740,461,883
1,178, 031,493
629,531,249
738,120,423
1,178, 540,790
632,902,999
736,306,415
1,183, 652,727
634,117,278
734,736,200
1,184, 588,889
637,318,962
733,-363,107
1,192, 594,689
638,908,206
734,428,200
1,193, 926,457
640,129,759
736,664,707
1,203j 511,751
641,349,436
740,510,614
1,215, 234,885
644,337,146
762,963,360
1,230, 672,772
646,638,098
756,689,530
1,242, 330,766
648,868,043
766,663,800
1,246, 876,715
660,109,072
753,607,562
1,252, 842,475
651,298,746
751,711,861
1,258, 046,481
652,401,436
750,701,274
1,261, 743,201
653,409,609
768,627,744
1,267, 303,679
654,379,533
773,137,221
1,261, 445,124
656,434,793
779,694,666
1,248, 681,528
657,107,603
782,683,603
1,255, 749,068
657,720,722
783,238,991
1,267, 733,949
658,712,348
784,605,551
1,277, 362,651
669,122,119
783,165,699
1,282, 291,903
659,976,050
784,216,995
1,298, 107,736
660,779,768
787,750,034
1,314, 622,524
661,362,676
788,860,643
1,326, 841,566
664,102,385
791,851,326
1.337, 357,717
664,193,208
795,962,968
1,348, 803,970
665,252,280
797,748,689
1,351, 984,677
666,037,340
806,142,681
1,313, 120,868
666,953,626
808,894,111
1,327, 656,398
666,747,603
809,540,904
1.342, 422,740
667,953,962
811,422,789
1, 349, 896,665
669,161,342
814,726,424
1,361, 455,968
669,670,333
816,676,516
1,363, 047,081
670,129,299
818,691,091
1,35L 415,633
670,656,462
822,494,172
1,345, 952,536
670,986,263 .824,805,869
1,341, 206,452
671,656,761
826,214,866
1,331 165,720
671,891,899
832,740,961
1.338, 274.646
672,291,400
837,790,961
1.343, 897,159
672,656,023
844,625,532
1,352; 063,028
673,640,064
851,813,822
1.367, 655,988
673,547,153
859,817,411
1.368, 427,343
673,704,388
1,379, 804,314
867.885.383
674,680,087
1,387 257,928
871,828,266
Aggregate.
$2,261,957,698
2,267,626,866
2,297,829,869
2,323,042,973
2,337,392,200
2,341,899,180
2,370,740,772
2,371,576,164
2,386,450,356
2,410,722,618
2,429,210,226
2,449,021,001
2,460,117,009
2,467,296,228
2,477,227,185
2,483,624,650
2,479,883,623
2,483,488,290
2,497,372,398
2,511,869,633
2.626,049,760
2,643,697,491
2,539,361,896
2,544,446,893
2.650,202,261
2,646,969,824
2,646,192,462
2,652,862,141
2,663,441,367
2,663,266,668
2,667,261,863
2,679,306,217
2,597,094,936
2.627, 963,267
2,645,658,394
2.651,408,568
2,656,659,109
2,661,057,088
2,664,846,910
2,679,340,932
2,688,961,878
2,684,710,987
2,696,440,174
2,708, 693,662
2,720,680,660
2,724,679,721
2,742,299,781
2,763,162,326
2,777, 064,774
2,793, 311,428
2,808,960,136
2,814,986.446
2,785,300;789
2,803,504,135
2,818, 711,247
2,829,273,316
2,835,333,734
2,848,292,930
2,840, 236,023
2,839,103,169
2,836, 997,684
2,828,937,327
2,842, 907,406
2,853, 979,620
2,869, 344,583
2,883, 109,864
2, 901,791,907
2,921, 394,085
2,933,766,271
186
No.
REPORT ON T H E FINANCES.
2 8 . — E S T I M A T E D AMOUNT OF ALL K I N D S OF MONEY IN CIRCULATION
E N D OF EACH MONTH, PROM JANUARY, 1900.
Month.
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...
November.
December .
1903—January . . .
February..
March
April
May
June
July
August
September
October . .
November
December
1904—January..
February.
March
April
May
June
July
August . . .
September
October . .
November
December
1905—January . .
February.
March
April
May
-.
June
July.
August . . .
September
Gold.
Silver.
Notes.
$619,447,176 $143,317,432 $644,402,
143,932,304
660,026,
612,333,489
143,440,271
674,610,
612,202,698
143,334,651
688,673,
616,635,746
143,304,116
695,447
618,624,630
142,723,526
692,023i
614,918,991
142,300,54.1
701,864,
622,348,108
144,688,145
620,695,656
702.476,
150,608,468
620,047,309
711,443,
164,614,656
621,761,263
724,148,
166,528,839
624,702,913
723,979,
159,306,789
629,192,578
728,006,
154,295,181
616,576,806
724,606,
152,513,697
628,333,957
729,872,
153,163,067
626,824,954
731,773,
149,099,622
629,240,796
733,130,
148,067,667
727,502,
628.021.296
146,287,981
726,134!
630,407,728
146,784,065
726,638;
630,647,326
148,809,267
630,037,710
726.049,
152,739,232
631,201,267
730,292,
167,112,871
633,858,471
731,840,
167,387,158
632,001,740
730,716,
158,301,080
635,374,560
729,462,
166,138,712
634,733,847
719,562,
162,820,313
633,454,686
718,141
161,871,887
636,194,761
718,910;
152,267,929
637,432,952
718,661
161,614,629
631,891,627
716,917;
164,468,677
632,394,289
709,671
156,128,924
631,166,433
712, 111!
158,399,962
632,209,118
715,321
164,949,924
624,728,060
722,065,
169,416,873
624,373,645
736,394,
171,783,776
631,410,968
740,268,
172,661,003
629,680,632
736,369,
168. 346,262 725.477,
629,023,915
167;141,597
625,262,655
731,305,
166,762,285
622,002,398
738,480,
166,296,044
623,132,460
744.050,
165,284, 398 756,067,
623,982,009
165,117,934
617,260,739
763,321,
164,814,734
620,879,790
755,060,
165,829,964
620,375,159
762,612,
170,826,585
622,650,934
758,619,
175,162,197
766,480,
621.763.297
177,930,766
773,640,
627.025.092
179,204,676
772,254,
627,970,533
173,433,925
761,130,
627,905,855
171,886,669
768,377,
638,909,710
169,796,973
780,516,
650,924,710
168,463,291
777,996,
666,159,418
167,184,826
782,409,
644,894,648
166,842,169
779,689,
646,817,676
165,158,611
776,93i;
644,112,980
167,602,461
778,873:
646,664,812
174,840,267
790,812:
641,844,863
179,861,251
798,924:
641.793.093
182,409,266
802,291:
647,500,649
802,384:
649,648,628 •182,930,722
791,696:
177,241,230
649,527,602
795,999:
174,644,604
646,751,720
805,932:
173,686,943
644,726,546
809,886;
173,709,400
644,423,211
816,227
174,091,133
660,979,108
821,721;
175,022,04.3
661,063,689
827,304,
176,024,667
650,616,680
834,679,
178,401,936
653,003,548
845,354,
184,976,867
662,330,136
Certificates.
$595,981,
696,639,
691,021,
611,981'
617,311
612,769:
620,840;
628,824,
631,196,
638,756,
654,549:
656,747:
696,401
679,889:
676,492:
683,833:
680,906:
676,366:
686,618:
692,893:
712,955:
723,488:
730,160:
727,489:
760,516:
749,662:
746,070:
752,397:
754,092:
752,956:
762,209;
769,001,
763,953:
806,926:
809,266:
809,989:
832,891
830,286
824,6I2:
•840,875:
837,84i:
831,991:
841,263:
850,084:
852,619:
864,009;
870,672,
886,916:
926,609:
924,308,
915,40i:
930,027:
914,790;
926,793,
960,386:
965,239:
954,662:
962,907;
941,686,
934,756,
950,684,
944,318,
934,746,
949,988,
943,373:
940,076;
951,956,
955,674;
941,669,
AT THE
Total.
$2,003,149,355
2,002, 931,791
2,021, 274,506
2,060, 525,463
2,074,687,871
2,062,425,496
2,087, 353,408
2,096, 683,042
2,113, 294.983
2,139, 181,412
2,158, 761,367
2,173, 261,879
2,190, 780,213
2,190,609,144
2,187,243,580
2,195,304,235
2,184,497,515
2,177, 186,965
2,189, 487,874
2,197,789,824
2,227,188,491
2,246,300,542
2,250, 256,230
2,250,627,990
2.259, 961,709
2,253, 969,259
2,252,047,357
2.260, 760,242
2,254,415,975
2,249,390,551
2,260,606,137
2,264,932,946
2,276,686,651
2,336, 111,992
2,352,710,158
2,348,700,901
2,365,738,834
2,353, 996,330
2,351,757,943
2,374, 353,720
2,382, 174,826
2,367, 692,169
2,382,018,498
2,388,902,178
2,404,617,069
2,427,394,868
2,449,168,418
2,466,346,897
2,487,979,301
2.603, 481,897
2,516,639,223
2,632,646,135
2,609,279,917
2,519,142,860
2,646,689,603
2,558,279.984
2,662,149,489
2,583, 476,661
2,673,888,367
2,669,621,125
2,669,049,165
2,660,614,712
2,668,992,983
2,678,006,68''6
•2,684, 670,716
2,687,882,653
2.604, 902,301
2,621,669,054
2,624,230,391
187
TREASURER.
No.
29.—ESTIMATED
AMOUNT OF GOLD AND GOLD CERTIFICATES, SILVER AND
SILVER CERTIFICATES, AND NOTES AND CURRENCY CERTIFICATES IN
AT THE E N D OP EACH MONTH, PROM JANUARY, 1900.
Month.
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...
November
December.
1903—January...
February .
March
April
May
June
July
August
September
October...
November
December.
r904—January ..
February.
March
April
May
June
-.
July
August....
September
October...
November.
December.
1905—January...
February..
March
April
May
June
July
August
September
Silver and
Notes and
Goldandgold silver
certifi- currency
certificates.
cates.
certificates.
$804,330,065
793,599,826
785,845,649
814,063,166
822,673,829
815,474,460
829,961,617
831,084,025
829,157,668
837,367,232
856,949,262
861,980,507 j
891,244,084
885,882,696
875,111,053
882,600,694
879,306,626
' 876,123,467
886,014,724
889,380,359
908,718,436
915,637,130
914,300,089
913,371,619
942,238,686
939,210,284
933,682,740
940,707,441
938,034,496
938,793,298
945,920,452
938,854,057
929,110,114
967,129,839
977,362,992
976,099,451
1,005,068,729
998,394,699
984,927,397
1,004,763,919
1,006,236,498
994,619,298
1,007,249,189
1,014,631,078
1,016,648,593
1,023,399,696
1,031,096,021
1,049,050,552
1,097,479,464
1,101,116,689
1,100.274,279
1,120,107,487
1,096,528,477
1, 111, 472,676
1,144,977,109
1,160,384,271
1,128,367,002
1,131,986,852
1,117,603,018
1,116,288,217
L139,961,871
1,128,308,639
1,117,042,866
1,131,565,430
1,133,890,107
1,136,274,338
1,144,064,469
1,144,338,787
1,123,926,114
CIRCULATION
Total.
$539,836,477 $658,982,813 $2,003, 149,365
644,035,791 665,296,174 2,002;931,791
546,483,630 688,945,327 2,021,274,506
650,628,461 695,933,847 2,060,525,463
561,781,764 700,232,278 2,074,,687,871
661,222,873 695,728,163 2,062,,425,496
552,867,835 704,644,056 2,087,353,408
660,563,872 706,035,146 2,096,683,042
570.874.193 713,263,132 2,113,294,983
576,895,401 725,928,779 2,139,181,412
577,142,246
725,''669,859 2,168,761,367
581,705,192 729,566,180 2,173,261,879
674,034,603 725,501,626 2,190,780,213
674,864,387 729,872,061 2,190,609,144
680,369,387 731,773,140 2,187,243,680
679,673,144 733,130,497 2,196,304,236
677,688,375 727,581,890 2,184,676,890
675,928,719
725,214,094 2,177,266,280
677,834,:824 725,717,601 2,189,667,149
682,360,109 726,049,356 2,197;789,824
688.177.194 730,292,861 2,227,188,491
598,923,208 731,840,204 2,246,300,642
605,239,350 730,716,791 2,260,266,230
607,793,972 729,462,399 2,250,627,990
698,150,192 719,662,831 2,269,951,709
596,617,609 718,141,366 2,263,969,259
699,454,479 718,910,138 2,252,047,367
601,381,433 718,661,368 2,260,750,242
599,464,045 716,917,434 2,264,415,976
709,5,71,014 2,249,390,661
601,026,239
712,111, 219 2,260,606,137
602,674,466
610,756,985 716?321,903 2,264,932,946
624,521,402 722,056,136 2,276,686,651
632,687,311 736,394,842 2,336,111,992
635,088,615 740,268,551 2,362,710,168
636,231,635 736,369,815 2,348,,700,901
625,202,861 725,477,244 2,365,738,834
624,296,180 731,306,461 2,353,996,330
628,349,838 738,480,708 2,361,767,943
626,539,690 744,050,111 2,374,363,720
621,871,129 756,067,198 2,382,174,825
619,850,947 763,321,924 2,367,, 692,169
619,708,666 766,060,643 2,382,,018,498
621,768,348 762,612,762 2,388,,902,178
629,348,801 768,619,675 2,404,617,069
637,615,236 766,480,036 2,427,,394,868
2,449,,168;418
644,431,848 773,640,649
646,040,865 772,254,480 2,466,;346,897
629,369,763 761,130,084 2,487,,979,301
633,987,671 768,377,637 2,503,,481,897
635,849,062 780,616,892 2,616,,639,223
634,542,376 777,996,273 2,632,,645,136
631,841,652 782,409,788 2,609,,279,917
627,980,867 779,689,318 2,619,,142,860
624,680,621 776,931,873 2,646,,689,503
629,022,621 778,873,092 2.568,,279,984
642,980,143 790,812.344 2, .562,,149,489
652,565,083 798,924; 726 2,683,,476,661
653,993,710 802,291,639 2,673,,888,367
650,947,949 802,384,969 2,669,,621,126
637,491,276 791.596,018 2.569,,049,166
636,306,603 795,999,670 2,660,,614,712
636,017,619 805,932,599 2,558,,992,983
.636,665,913 809,885,343 2,678,,006,686
634,553,236 816,227,373 2,684,,670,716
629,886,751 821,721,564 2,687,,882,663
633,643,608 827,304,234 2,604,,902,301
642,740,977 834,679,290 2,621,,659,054
664,960,174 845,354,103 2,624,,230,391
188
No.
REPORT ON T.HE FINANCES.
3 0 . — A S S E T S OF THE TREASURY OTHER THAN GOLD, . SILVER, NOTES, AND CERTIFICATES AT THE E N D OP EACH MONTH, FROM JANUARY, 1900.
Month.
1900—January
February...
March
April
May
June
July
August
September .
October
November .
December..
1901—.lanuary
February...
March
April
May
.*.
June
July
August
September .
October
November .
December..
1902—January
February . .
March
April
May
June
July
, August
September .
October
November .
December..
1903—January
February . .
March
April
May
June
July
August
September .
October
November .
December..
1904—January . . .
February . .
March
April
May
.lune
July
August
September.
October
November .
December..
1905—January
February...
March
April
May
June
July
August
September .
Deposits in Bonds and
Deposits
treasury of
Fractional
Minor coin. currency. in national Philippine interest
paid.
banks.
Islands.
$484,209
483,426
499,696
481,587
436,640
440, 069
461,732
498, 805
464,762
432, 823
296, 324
448, 644
600,509
582,965
692, 547
602,391
646,959
514,341
562,884
613,149
502,456
475,770
344,090
382, 691
770,682
769, 603
962, 315
871,876
,086, 257
919,404
810,005
,010,576
701,446
738,378
637,667
686,783
785, 660
768.751
960; 342
813,250
619,756
894,800
811, 582
681,149
406,643
480,614
454,573
460,940
698, 843
796,872
918,729
872,480
811,692
755,791
732,250
655,318
596,892
631,235
694,817
636,709
807,961
858,860
1,018,504
912,228
809,158
926,154
787,987
621,910
602,146
$72 $107,936,649
74 111,793,546
98 110,642,116
146 110,851,902
96 111,322,418
194 101,879,520
96,684, 698
126
96,064,261
50
96,997,212
141
61
96,478,146
. 62
96,429,056
• 133 96,699,694'
131
97,359,036
160
97,827, 963
143
97,649,637
132
98,322,828
96
101,760, 225
1,252 101,416, 974
148
101,961,336
114
103,035,834
178
108,514,459
141
110,840,438
646
112,896,879
132
112,653,534
116
112,578, 621
71
113,433,947
155
118,041,310
161
120,396, 714
124,882,004
96
147
123,983,068
144
126,152, 991
161
126,382,170
141
133,932,197
196
146,885,013
98
148,911,318
183
150,216,599
154
150,098,226
202
150,552,661
182
150,150,489
226
150,389,772
202
150,557,146
941
147,842,611
116
151,662,296
298
152,317,777
84
161,778,286
156
167,329,841
116
168,047,061
61 166,446,738
118 166,595,774
166 162,506,518
178 162,058,353
209 162,729,008
204 114,633,127
200 110,726,263
128 112,642,766
196 112,841,419
172 112,303,605
100 114,558,482
187 112,041,489
95 111,650,855
142 102,407,259
187 102,128,349
173
89,395,018
• 72
88,257,004
119
78,457,793
99
73,757,357
150
65,715,119
624
64,059,172
64,618,684
Total.
$54,193 $108,475, 123
112,457 672
180,627
111,211 946
70,037
111, 367: 909
34,274
111, 846: 693
87,439
102,336: 728
16,945
97,087 346
40,790
96,6io: 933
47,817
97,486. 621
24,506
37,817
96,948: 846
43,689
95,769: 130
97,598: 281
449,810
97,988^ 642
28,866
98,481, 790
70,712
11,609
98,353,936
38,638
98,963, 989
61,121
102,458: 400
291,054 102, 223:621
102, 715:291
190,923
103,777 376
128,279
109,415, 619
398,526
111, 336;805
20,457
113,307 366
65,750
113,714: 645
678,188
35,737
113,386: 156
30,402 114,234: 023
119,017: 105
13,325
121,316: 728
47,977
126,013:222
44,865
124,919: 184
16,566
127,179; 423
216,283
40, 082 126,432,
134,811,
178,192
147,912, 706
289,120
149, 596: 204
47,121
150,919: 978
16,413
150,929: 276
45,235
151,363 081
41,477
28.199
151,139: 212
3.588,431
64,488
164,856: 167
3,876,460
58,428
156,111: 992
4,122,463
46,120
162,906: 936
4,019, 978
73,177
156,567: 149
3,422,901
28.200
156,450; 326
3,609,367
1,116,969
166,911, 349
4,670,205
95,249
172,676: 065
4,908,445
48,535
173,458: 729
6,712, 601
54,175
172, 664:616
6,777,747
232,740
173,306,222°
6,622,362
24,113
168,849, 021
6,162,946
28,383
168,168: 589
5,971,496
82,267
169,655: 460
6,119,272
38,907
120,6O3: 202
6,146,607
68,163
117,687: 004
7,316,937
63,100
120,755: 181
6,452,880
17,357
119,967, 169
6,824,703
37,919
118,763: 191
6.794,610
26,801
121,011: 128
5,211,669 ' 26,830 117,974,992
4,699,741
37,412 116,924,812
6,638,431
41,474
108,796,267
4,735,870
31,839
107,755,106
4,925,371
17,788
95,356,854
4,368,929
50,721
93,;
954
3,739,480
22,553
83,029: 103
2,824,469
67,261
77,575: 340
3,972,622
34,972
70, 510,850
4,489,951
31,148
69,202,705
3,935,870
36,998
69,193,686
189
TREASURER.
No.
3 1 . — A S S E T S OP THE TREASURY AT THE E N D OF EACH MONTH, FROM JANUARY,
1900.
Month.
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
J une
July
August
September
October...
November
December.
1903—January...
February 1
March
April
May
June
July
August
September
October...
November
December.
1904—January...
February .
March
April..:...
May
June
July
, August
September
October...
November
December.
1905—January . .
February .
March
April
May
June
July
August
September
Gold.
Silver.
;, 043,317
$403 496,506 $502,
413 491,673 501,,772,166
;, 682,324
422 000,916 502,
:, 271,752
426 989,371 504,
S 432,661
422 906,844 506,
i, 964,447
421 112,654 506,
431 170,785 508,,303,727
1,756,909
428 652,338 506,
439 241,511 501,,747,657
1,422,038
458 266,143 499,
474 482,084 499,, 237,673
!, 212,961
479 349,251 498,
1,601,527
479 100,353 503,
>. 801,665
488 698,803 505,
497 332,743 507,,768,679
1,770,603
500 026,852 509,
495 717,674 511,,378,732
494 321,633 613,, 637,120
i, 635, 359
505 423,230 513,
:, 073,635
517 798,435 512,
529 152,523 608,i, 463,673
541 025,163 505,s 525,664
[, 204,255
539 838,236 604,
540 797,603 503,<, 633,101
546 546,240 508,,147,090
544 576,908 510,1,345,365
543 346,029 611,,969,472
546 219,775 513,i, 594,356
t, 490,857
552 697,262 614,
., 982,981
560 200,300 515,
',221,642
562 769,024 515,
;, 792,127
571 302,633 512,
590 506,825 506,>, 545,711
606 299,127 503,,331,476
., 834,031
610 919,798 501,
., 139,537
617 196,083 601,
623 818,560 505, "~9,398
•, 317,607
632 783,826 507,
639 740,802 508.;, 281,228
1,402,500
644 171,119 510,
637 463,116 610,1,796,160
:, 666,861
631 420,789 612,
;, 796,403
634 869,278 512,
.,418,978
647 357., 790 511,
;, 929,894
654 811,716 506,
660 538,606 502.:, 306,042
1,632,256
671 082,644 499,
\ 303,362
686 651,991 498,
t, 814,016
698 935,700 604,
698 448,007 508,;, 684,859
697 879,260 510,\ 483,639
:, 696,991
695 825,159 61.2,
668 226,320 514,,160,262
681 838,822 516,>, 492,466
698 309,760 516,,465,172
703 231,753 514,,781,636
!, 460,654
709 611,106 508,
721 253,988 503.,983,106
703 916,084 501,,816,347
696 404,007. 501,,656,426
691 678,950 •507,,736,446
685 414,000 510,', 662,138
., 729,263
693 548,000 611,
699 473,948 512,:, 182,500
701 083,920 511,,924,263
706 692,399 511,,328,699
717 810,763 511.,009,090
', 667,191
726 800,766 507,
734 927,793 .60L., 580,743
Notes.
Certificates.
Other.
Total.
662
040
783
129
826
490
186
960
697
877
967
551
931
029
210
788
439
910
994
459
476
111
340
722
056
906
409
003
911
976
548
753
717
201
207
366
326
183
939
624
228
898
829
907
933
982
928
464
776
642
691
846
074
604
984
390
931
510
068
680
553
257
312
108
019
444
058
190
No.
REPORT ON T H E EINANCES.
32.—LIABILITIES
Month.,
1900—January
F e b r u a r y ..
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 . . .
November
December.
1903—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1904-January...
Februa'ry .
March
April
May
June
July
August
September
October...
November
December'
1905—January...
February .
March
April
May
June
July
August —
September
OF THE
TREASURY AT THE
JANUARY,
1900.
Certificates
a n d Treasury notes.
$716,048,603
720,204,283
720,500,779
727,993,779
729,584,179
723,644,179
724,371,179
733,136,679
734,613,679
740,965,679
744,619,379
754,012,379
763,537,279
760,561,989
762,426,989
770,842,989
770,663,789
771,754,689
773,991,689
780,033,689
788,032,089
803,897,089
809,917,089
811,468,089
816,344,089
816,075,089
822,799,089
830,202,089
832,186,089
830,609,089
841,965,089
845,876,089
855,899,089
860,316,569
869,236,669
876,574,069
886,871,069
884,726,069
890,007,069
895,425,869
893,762,869
893,068,869
894,257,869
896,739,869
902,700,869
919,843,869
931,208,869
935,328,869
967,632,869
962,691,869
956,117,869
979,999,869
976,109,869
978,084,569
1,003,728,969
1,007,890,969
1,014,779,969
1,021,656,969
1,019,431,969
1,012,805,969
1,010,886,969
1,001,134,969
996,611,969
998,418,969
995,529,969
992,467,969
993,726,969
1,002,921,969
1,003,869,969
END
Agency
account.
OF EACH
Balance.
MONTH,
Total.
$74,888,986 $292,490,973 U , 083,428,562
298,362,824
78,889,934
1,097,457,041
306.792.995
81,086,009
1,108,379,783
"296,117,548
77,896,802
1,102,008,129
295,783,529
78,894,118
1,104, 261,826
305,705,655
76,246,666
1,106,496,490
299,859,366
80,783,640
1,105,014,185
86,286,585
285.419.696
1,104.841,960
82,729,140
288,204,878
1,105,447,697
83,101,166
287,005,032
1,111,071,877
80,755,797
289,176,791
1,114,461,967
87,151,836
290,107,336
1,131,271,551
77,922,679
293,012,973
1, f34,472,931
80,351,890
298,915,149
1,139,829,028
84,528,699
308,443,522
1,155,399,210
82,748,591
306,494,208
1,160,085,788
87,071.181
312,338,469
1,170,073,439
83,281,097'
326,833,124
1,181,868,910
84,982,428
327,368,877
1,186,342,994
88,835,414
329,971,356
1,198,840,459
89,375,506
319,919,880
1,197; 327,475
83,495,325
1,213,048,111
325.655.697
86,873,586
1,212,801,340
317,010,666
86,660,364
1,219,631,722
321,603,279
79,327,321
1,220.468,066
324,796,646
81,216,961
1,222,652,906
325,361,866
86,663,031
1,236,308,409
327,866,289
78,999,931
1,243,942,003
334,739,983
80,269,593
1,257,805,911
345,350,229
79,740,626
1,272,636,975
362.187,361
1,278,479,598
353,974,599
82.539.910
1,290,043,680
359,491,500
84,676,091
1, 315,429,548
371,253,394
88,277,065
1, 302,695,753
356,421,878
86,967,306
1,313,606,717
354,575,588
89,794,660
1,331,081,201
364,409,380
90,097,752
1,339,744,207368,346,963
84,527,176
1,344,077,366
374,643,470
84,808,827
1,355,375,326
372,921.989
92,446,267
1,357,763,183
89,Oil, 127
373.326.187
1,357,349,939
88,418,172
376,168,898
1,365,100,624
83,345,641
388,686,114
1,366,194,228
93,644,916
378,291,444
1, 374,538,898
94,348,319
383,450,710
1,387,221,829
95,103,776
389,417,184
1, 391,066,907
92,685,635
378,637,403
1,398,957,9.33
98,611,634
369,237,430
1,405,621,982
90,918,218
379,374,895
1,431,486,928
85,208,975
378,745,084
1,422,993,464
87,233,089
373,068,506
1,417,322,776
87.504.911
374.699.996
1,433,916. 642
82,997,685
370.919.188
86,071,306
313,287, 616 1,373,468.691
1,382,535,846
82,399,709
322,051,568
1,398.829,074
91,018,626
304,081,579
1,400,*^56. 604
96,090,270
297,975,365
1,408,910;984
92,716,852
301,414,163
1,409,935,390
92,025,624
296,352,797
1,406,519,931
93,743,304
293,344,658
1,402,124,510
92, "726,862
296,592,689
1,390,921,068
89,408,303
290,625,796
1,380,532,680
88,715,872
290,681,839
1,379,196,553
90,762, 960
291,821,624
88,978,607
284,318, 681 1,371,716,2.57
1,366,975,312
90,303,965
281,141,378
1,368,568,108
80,622,647
295,477,492
1,364,449,019
90,856,319
279,865,731
1,375,240, 444
94,721,130
277,597,345
94,988,396
286,823, 693 1,385,672,058
191
TREASURER.
No.
3 3 . — A S S E T S OF THE TREASURY IN EXCESS OF CERTIFICATES AND
NOTES AT THE E N D OP EACH MONTH, FROM JANUARY, 1900.
Month.
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 : . .
November,
December .
1903—January . . .
February..
March
Ap^ril
May
June
•July
August
September.
October . . .
• November.
December .
1904—January . . .
February..
March
April
May
June
,
July
August —
September,
October ...
November.
December ,
1905—January . . ,
February.,
March
April
May
June
,
July
August
September
Gold.
$218,613,617
232,225,336
248,358,064
229,461,962
218,857,545
220,667,184
223,667,376
218,263,969
230,131,162
242,670,174
243,236,735
246,661,322
221,183,644
231,160,064
24.9,046,644
246,767,063
244,432,246
248,606,794
249,965,831
258,455,786
251,635,354
259,346,494
257,639,887
262,800,634
239,040,401
238,821,209
244,858,050
242,945,286
246,564,393
253,801,291
248,006,006
264,657,694
286,124,771
263,642,933
264,967,774
270,777,264
247,783,746
259,661,782
276,816,803
262,639,660
256;208,626
254,162,230
248,499,879
253,201,871
260,714,057
258,892,307
267,Oil, 715
265,571,972
229,362,090
236.241,028
248;529,691
231,877,090
217,592,391
216,183,723
197,446,631
199,612,294
223,098,966
231,060,229
233,812,616
229,664,318
201,244,681
202,857,181
221,231,681
212,331,729
218,172,921
221,381,660
224,372,884
236,465,627
263,331,814
Silver.
$17,662,992
14,470,680
14,163,966
14,448,943
17,516,012
22,438,100
24,208,433
20,493,182
13,767,922
12,478,293
14,176,266
14,416,568
25,484,206
27,603,976
26,681,359
27,316,981
31,973,914
36,213,382
36,455,590
34,089,793
29,999,710
22,281,227
16,242,063
16,544,209
27,602,611
31,202,069
30,423,881
31,832,852
35,234,441
39,426,319
39,013,100
32,734,104
20,138,233
14,365,037
13,475,191
13,515,905
26,029,799
27,931,024
25,192,675
30,363,854
34,196,429
38,689,848
39,346,471
37,620,594
30,909,678
23,069,003
16,703,174
16,561,072
33,656,187
31,737,757
30,069,560
32,630,907
36,630,436
41,375,757
44,290,262
41,036,476
28,354,778
19,666,274
18,900,903
22,620,198
36,784,400
38,570,239
39,187,687
39,470,987
41,845,160
47,050,891
43,326,139
34,344,150
22,812,436
Notes.
Other.
TREASURY
Total.
$22,638,226 $108,476,124 $367,379,969
18,099,070
112,467,672
377,252,768
14,145,027
111, 211,947
387,879,003
18,735,635
111,367,910
374,014,350
26,468,497
111,846,593
374,677,647
36,620,297
102,336,729
381,962,310
35,779,851
380,643,006
97,087,346
36,338,196
371,706,281
96,610,934
29,548,312
370,934,017
97,486,621
18,008,885
370,106,198
96-, 948,846
16,761,457
369,932,588
95,769,130
18,683, Oil
377,259,172
97,698,281
26,279,261
370,935,662
97,988,542
22,131,211
379,267,040
98,481,790
18,890,282
392,972,221
98,353, 936
16,194,776
389,242,799
98,963,989
399,409,650
20.546.091
102,458,400
410,114,221
23,071,424
102,223,621
412,351,306
23,224,693
102,715,291
418,806,770
22,483,816
103,777,376
409,296,386
18,244,703
109,416,619
409,161,022
16,186,495
111,336,806
15,794,936
113,307,365 • 402,884,261
16,104, 343
113,714,547
408,163,633
24,095,800
113,385,156
404,123,968
22,320,616
114,234,023
406,577,817
19,210,285
119,017,104
413,609,320
17,646,047
121,316,729
413,739,914
17,817,766
126,013,222
426,619,822
23.782.092
124,919,184
441,927,886
22,316,981
127,179,423
436,514,609
20,342,804
126,432,989
444,167,691
18,455,479
134,811,976
459,530,459
16,568,508
147,912,706
442,379,184
16,330,979
149,596,204
444,370,148
19,293,985
150,919,978
464,607,132
28,130,318
160,929,276
452.873.138
20,406,410
151,363,081
459,362,297
12,220,566
151,139,212
465,368,256
14,577,633
154,856,167
462,337,314
18,070,023
463,587,070
156,111, 992
26,272,742
472,031,766
152,906,935
27,622,860
471,936,359
166,667,149
30,626,239
477,799,029
156,450,325
26,986,876
484,620,960
166,911,349
16,686,663
471,223,038
172,676,065
10,676,446
467,749,064
173,458,729
15,495,654
471,293,113
173,664,616
27,730,569
463,954,058
173,305,222
23,473, 789
460,301,696
168,849,021
15,447,066
462,204,906
168,168,589
19,763,316
463,916,773
169,655,460
23,732,793
398,368,822
120,503,202
29,204,793
404,461,277
117,687,004
32,609,031
395,100,105
120,765,181
32,549,697
393,065,636
119,967,169
23,914,080
394,131,015
118,763,191
16,650,790
388,378,421
121,Oil,128
16,399,452
387,087,962
117,974,992
20,109,213
389,318,641
116,924,812
33,209,851
380,034,099
108,795,267
30,215,186
379,397,711
107,756,106
26,808,362
382,684,684
96,356,864
27,905,618
373,297,288
93,588,954
28,398,159
371,445,343
83,029,103
30,092,258
376.100.139
77,576,340
32,513,177
370,722,060
70,610,850
33.306.093
372,318,475
69,202,706
26,474,163
381,812,089
69,193, 686
192
No.
REPORT ON T H E EINANCES.
3 4 . — U N I T E D STATES NOTES OF EACH DENOMINATION ISSUED, REDEEMED,
OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R PROM 1898.
I s s u e d d u r - T o t a l issued. R 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 .
d u r i n g year.
ing year.
Denomination.
1898.
One dollar
Two dollars
Five dollars
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
^
$22,440,000
14,680,000
7,680,000
. . . . 1,300,000
3,100,000
700,000
4,360,000
Total
U n k n o w n , destroyed
Net
$188,300,160
186,387,048
537,321,760
534,691,240
476,602,400
141,516,200
178,204,000
210,176,000
395,588,000
20,000,000
40,000,000
$584,378.00
724,112.00
15,916,335.00
15,256,240.00
11,716,560.00
1,382,375.00
2,336,600.00
1,441,500. 00
4,902,000.00
$185,811,724.80
184,262,202.20
473,323,068.00
463,575,409.00
407,715,888.00
126,693,600.00
152,980,400.00
194,814,500.00
321,953,000.00
19,985,000.00
39,990,000.00 .
$2,488,435.20
2,1.24,845,80
63,998,692.00
81,115,831.00
68,886,612.00
14,821,600,00
25,223, 600.00
15,361,500,00
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
1899.
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 t h o u s a n d dollars
Five thousand dollars
Ten thousand dollars
186,083,606.80
184,596,410.20
492,323,978,00
471,164,859.00
420,571, 438.00
129,415, 900.00
166,984,700.00
199,980, 000.00
348,414,000. 00
. 19,985, 000.00
39,990,000.00
2,260,653. 20
2, 111,637.80
73,797,782.00
92,886,381.00
79,470,962. 00
13,599. 300. 00
24,019,300. 00
12,296,000.00
47,214,000.00
15,000.00
10,000. 00
. . . 88,404, 000 2,997,189,808
88,404,000,00 2,649,508, 792,00
• 1,000,000.00
347,681 016 00
1,000,000. 00
88,404,000 2,997,189,808
88,404,000,00 2, 650, 608,792,00
346,681,016.00
. . .
Total ..
Unknown, destroved
Net
44,000
320,000
28,800,000
29,360,000
23,440,000
1,500,000
2,800,000
2,100,000
40,000
188,34^1,160
186,707,048
566,121,760
564,051,240
500,042,400
143,015,200
181,004,000
212,276,000
396,628,000
20,000,000
40,000,000
271,782.00
333,208.00
19,000,910.00
17,589,450.00
12,855,660.00
2,722,300.00
4,004,300.00
5,165,500.00
26,461,000,00
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
Five thousand dollars. ..
Ten t h o u s a n d dollars
20,000
56,000
26,700,000
27,880,000
12,320,000
2,000,000
4,200,000
600,000
7,000,000
Total
U n k n o w n , destroyed
Net
186,232,606.80
184,863,346.20
515,765,558.00
492,009, 029. 00
435,331,228.00
131,451,025.00
162,113,250.00
201,940,750.00
360,503,000.00
19,985,000.00
39,990,000.00
2 131 654.20
1,899,701. 80
77,056,202.00
99,922,211.00
77,031,172,00
13,564,175,00
23,090,750,00
10,835,250,00
42,126,000,00
16,000,00
10,000.00
80,676,000 3,077,865,808
80,676,000,00 2,730,184, 792.00
1,000,000.00
347,681,016,00
1,000,000,00
80,676,000 3,077,865,808
80,676,000.00 2,731,184,792.00
346,681,016,00
91,762,00
226,058,00
25,663,020,00
28,079,440.00
16,959,920,00
2,398,600.00
6,138,200.00
1,545,000.00
11,674,000,00
6,000.00
186,324,367,80
185,088,404,20
541,428,678.00
520,088,469.00
452,291,148.00
133,849, 625,00
167,251,460.00
203,485,750.00
372,077,000.00
19,990,000.00
39,990,000.00
2,039,792.20
1,674,643.80
51,393,182.00
135,122,771.00
70 471,252 00
12,365,576.00
22, 652,550.00
12,390,250.00
39,661,000.00
10,000.00
10,000.00
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
23,441,680.00
20,844,170. 00
14,759,790.00
2,035,125,00
6,128,550, 00
1,960,760.00
12,089,000.00
1901.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
F i v e t h o u s a n d dollars-.
Ten t h o u s a n d dollars
63,280,000
10,400,000
1,200,000
4,700,000
3,100,000
9,000,OOG
Total
Unknown, destroyed
91,680,000 3,169,546,808
91,680,000,00 2,821,864,792.00
1,000,000.00
347,681,016.00
1,000,000.00
91,680,000 3,169,646,808
91,680,000,00 2,822,864,792.00
346,681,016.00
Net
188,364,160
186,763,048
592,821,760
655,211,240
622,762,400
146,215,200
189,904,000
215,876,000
411,628,000
20,000,000
40,000,000
193
TREASURER.
No.
3 4 . — U N I T E D STATES NOTES OP EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R PROM 1898—Continued.
Denomination.
1902.
One dollar
Two dollars
Five dollars
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
Net
1903.
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 t h o u s a n d dollars
Ten thousand dollars
Total
U n k n o w n , destroyed
Net
Issued duri n g y e a r . T o t a l issued.
$188,364,160
186,763,048
692,821,760
756,331,240
522,762,400
146,215,200
189,904,000
216,276,000
411,628,000
20,000,000
40,000,000
Redeemed
d u r i n g year. Total redeemed. Outstanding.
$63,750,00
114,290,00
21,234,140.00
42,783,460.00
15,971,970.00
2,767,450,00
4,725,200,00
3,531,750.00
10,338,000.00
$186,378,117.80
185,202,694,20
562,662.718,00
562,87i; 919,00
468,263,118.00
136,617,075.00
171,976,650.00
207,017,500,00
382,416,000,00
19,990,000,00
39,990,000,00
$1,986,042.20
1,660,363.80
30,159,042.00
193,459,321.00
64,499,282.00
9,598,125.00
17,927,350.00
9,258,500.00
29,213,000.00
10,000.00
10,000,00
101,520,000 3,271,065,808 101,520,000.00 2,923,384,792.00
1,000,000.00
347,681,016,00
1,000,000,00
101,620,000 3,271,066,808 101,520,000.00 2,924,384,792.00
346,681,016,00
$101,120,000
400,000
188,364,160
186,763,048
592,821,760
865,931,240
522,762,400
146,215,200
189,904,000
216,276,000
411,628,000
20,000,000
40,000,000
186,416,305.80
185,257,684.20
574,607,736,00
632,429,609.00
482,079,968.00
139,528,900,00
177,331,100.00
208,574, 500.00
386,780,000.00
19,990,000.00
39,990,000.00
1,948,854,20
1,605,363,80
18,-214,026.00
233,501,631.00
40,682,442,00
6,686,300,00
12,672,900,00
7,701, 500.00
24,848,000.00
10,000.00
10,000,00
109,600,000 3,380,665,808 109,600,000.00 3,032,984,792.00
1,000,000.00
347,681,016,00
1,000,000,00
109,600,000 3,380,665,808 109,600,000.00 3,033,984,792.00
346,681,016.00
186,442,815.80
185,292,964.20
580,956,800,00
728,931,229.00
492,856,4.68.00
141,216,125.00
180,752,400.00
209,682,000.00
389,655,000.00
19,990,000.00
39,990,000,00
1,921,344,20
1,470,083.80
11,864,960,00
246,440, Oil. 00
36,826,942.00
6,799,075.00
10,961, 600.00
9,694,000.00
24,683,000.00
10,000,00
10,000,00
109,600,000
37,188.00
54,990.00
11,945,017,00
69, ^57,690,00
13,816,840,00
2,911,825,00
5,364,450,00
1,567,000,00
4,366,000,00
1904.
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 t h o u s a n d dollars
108,'440,000
5,920,000
800,000
1,810,000
3,000,000
2,710,000
Total
Unknown, destroyed.
122,680,000 3,503,345,808 122,680,000.00 3,156,664,792, OO" 347,681,016,00
1,000,000.00
1,000,000.00
Net
4
188,364,160
186,763,048
"592,821,760
974,371,240
528,682,400
147,015,200
191,714,000
219,276,000
414,338,000
20,000,000
40,000,000
27,610.00
35,280.00
6,349,066.00
96,601,620.00
10,776,600.00
1,687,225.00
3,421,300.00
1,007,500.00
2,875,000.00
122,680,000 3,603,346,808 122,680,000.00 3,156,664,792,00
346,681,016.00
1905,
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
188,364,160
22.328.00
186,763,048
23,102.00
692,821,760
3,215,860.00
126,320,000 1,100,691,240 107,412,180.00
628,682,400
9,021,930.00
147,015,200
1,116,750.00
191,714,000
2,200,850.00
219,276,000
1,233,000.00
414,548,000
2,284,000.00
210,000
20,000,000
/0,000,000
Total
Unknown, destroyed.
126,530,000 3,629,875,808 126,530,000.00 3,282,194,792.00
1,000,000.00
347,681,016.00
1,000,000.00
126,530,000 3,629,876,808 126,630,000.00 3,283,194,792.00
346,681,016.00
Net
H.
DOC.
9, 5 9 - 1 - -13
1,899,016.20
186,465,143.80
1,446,981. 80
185,316,066.20
8,649,100.00
684,172,660.00
836,343,409.00 264,347,831.00
601,877,388.00 s 26,805,012.00
4,682,325.00
142,332,876.00
182,953,250.00
8,760,750.00
210,815,000.00
8,461,000.00
391,939,000.00
22,609,000.00
19,990,000.00
10,000.00
39,990,000,00
10,000.00
194
No.
REPORT ON T H E FINANCES.
3 5 . — T R E A S U R Y NOTES OF 1890 OP EACH DENOMINATION ISSUED, REDEEMED
AND OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R FROM 1898.
Issued dur- Totalissued. Redeemed
d u r i n g year.
ing year.
Denomination.
1898.
One dollar...
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
One thousand dollars
Total
1899.
One dollar
Two dollars .
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
One thousand dollars
Total
Outstanding.
150,000
628,000
$58,260,000
44,032,000
103,120,000
91,600,000
32,000,000
1,175,000
18,000,000
52,528,000
$7,841,027
6,276,258
9,798,615
7,146,500
2,266,850
59,050
1,285,700
9,628,000
$42,359,152
33,249,888
72,243,650
62,457,210
22,928,970
913,350
16,798,600
49,557,000
$15,900,848
10,782,112
30,876,450
29,142,790
9,071,030
261,650
2,201,400
2,971,000
29,642,000
400,716,000
43,302,000
299,507,720
101,207,280
6,416,000
4,336,000
12,400,000
5,720,000
1,840,000
64,676,000
48,368.000
11.5, 520,000
97,320,000
33,840,000
1,175,000
18,000,000
62,528,000
9,804,646
6,276,024
10,612,44:0
7, 635,110
2,226,680
110,500
634,600
1,102,000
52,163,798
39,525, 912
82,855,990
70,092,320
25,164,650
1,023,850
16,433,200
50,659,000
12,612,202
8,842,088
32,664,010
27,227,680
8,685,350
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
5,220,000
7,360,000
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
62,568,000
7,081,540
5,311,330
10,730,750
7,333,990
2,082,520
31,850
342,300
585,000
59,245,338
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
27,153,260
27,253,690
8,522,830
119, 300
1,224, 500
1,324,000
16,008,000
447,435,000
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
52,668,000
3,273,173
2,967,202
10,616,185
' 8,313,850
2,286,340
29,850
289,400
479,000
62,618,611
47,794,444
104,202,925
85,740,160
29,522,510
1,085,550
17,064,900
51,723,000
2,185,489
2,013,556
16,537,075
18,939,840
6,237 490
89,460
935 100
845,000
447,435,000
28,244,000
399,652,000
47,783,000
64,704,000
49,808,000
120,740,000
104,680,000
36,760,000
1,176,000
18,000,000
52,568,000
1,066,166
1,059,899
7,379,225
6,266,040
1,699,920
19,350
185, 400
217,000
63,584,677
48,854,343
111,582,150
91,996,200
31,122,430
1,104,900
17,250,300
51,940,000
1,119,323
953, 657
9 157 850
12,683,800
4,637,570
70 100
749,700
628,000
447,435,000
17,783,000
417,435,000
30,000,000
64,704,000
49,808,000
120,740, 000
104,680,000
36,760,000
1,175,000
18,000,000
62,568,000
348,539
340,901
4,122,540
4,359,010
1,326,760
12,850
139,400
107,000
63,933,216
49,196,244
115,704,690
96,355,210
32,449,190
1,117,750
17,389,700
52,047,000
•770 784
612 756
6,035,310
8,324,790
3,310,810
57,250
610,300
621,000
447,435,000
10,757,000
428,192,000
19,243,000
64,704,000
49,808,000
120,740,000
104,680,000
36,760,000
1,176,000
18,000,000
62,668,000
143, 692
135,338
1,978,730
2,870,470
924,220
11,250
112,300
89,000
64,076,908
49,330,582
117,683,420
99,226,680
33,373,410
L129,000
17,602,000
52,136,000
627,092
477,418
3,056,580
6,454,320
2,386,690
46,000
498,000
432,000
447.436,000
. 6,265,000
434,457,000
12,978,000
$11,956,000
7,128,000
4,500,000
3, 600,000
1,680,000
;
Total
redeemed.
1900.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
One thousand dollars
Total
1901.
One dollar
Two dollars
Five dollars
Ten dollars . . .
.
Twenty dollars
Fifty dollars
One hundred dollars
One thousand dollars
.
Total
1902.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
One thousand dollars
Total
1903.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars.
Fifty dollars
One hundred dollars
One thousand dollars
Total
. . .
.-.
1904.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
One thousand dollars
Total
,
195
TREASURER.
No.
3 5 . — T R E A S U R Y NOTES OP 1900 OF EACH DENOMINATION ISSUED, REDEEMED
AND OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R FROM 1898—Continued.
I s s u e d d u r - T o t a l issued. R e d e e m e d 1
Total
ing year.
d u r i n g year,
redeemed.
Denomination.
1906.
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
No.
Outstanding.
$64,704,000
49,808,000
120,740,000
104,680,000
35,760,000
1,176,000
18,000,000
52,568,000
$79,338
72,977
933,865
1,718,080
632,240
7,500
72,000
49,000
$64,156,246
49,403,559
118,617,285
100,943,760
34,005,650
1,136,500
17, 574,000
52,185,000
$547, 754
404,441
2,122,715
3,736,240
1,754,350
38,500
426,000
383,000
447,435,000
3,565,000
438,022,000
9,413,000
3 6 . — G O L D CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R PROM 1898.
Issued during year.
Denomination,
T o t a l issued.
Redeemed
d u r i n g year.
$28,330,000
21,400,000
45,074,300
62,094,000
182,181,000
572,120,000
594,840,000
$255,920
152,200
184,400
103,500
161,000
355,000
150,000
$23,655,306
18,743,645
41,441, 700
58,693,000
176,650,500
566,915,000
582,520,000
$4, 674,694
2,666,355
3,632,600
3,401,000
5,530,600
6,205,000
12,320,000
1,506,039,300
1,362,020
1,468,619,151
37,420,149
28,330,000
21,400,000
45,074,300
62,094,000
182,181,000
572,120,000
694,840,000
183,730
• 118,000
149,100
116, 500
160,000
435,000
1,960,000
23,839,036
18,861, 645
41,590,800
68,809,500
176,810,600
567,310,000
684,520,000
4,490,964
2, .538,356
3,483,600
3,284,500
5,370,500
4,810,000
10,320,000
1,506,039,300
3,122,330
1,471,741,481
34,297,819
$63,690,000
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
696,035,000
660,950,000
2,684,640
1,248,800
1,488,200
1,109,000
1,630,000
3,265,000
12,500,000
26,423,676
20,110,445
43,079,000
59,918,500
178,440,500
570,575,000
597,020,000
55,496 324
20,389,555
21 155 300
9,925,500
31 440 500
25,460 000
63,930,000
217,326,000
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
213,781,000
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
35,487,816
22,822.695
46,07i; 100
61,442,500
180,347,500
572,295,000
630,510,000
83 392 184
20,577,305
24,563, 200
10 501,500
33,433,500
28,740 000
87,750,000
114,570,000
1,837,934,300
63,409,490
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
62,200,000
83,034,300
76,244,000
225,581,000
603,035,000
761,000,000
15,704,800
4,127,900
. 4, 992,900
2,057,000
3,093,000
740,000
41,540,000
51,192,616
26,950,696
51,064,000
63,499,500
183,440,600
573,036,000
672,050,000
115,627,384
25,249,405
31,970,300
12,744,500
42,140,500
30,000,000
88,950,000
129,880,000
1,967,814,800
72,256,600
1,621,232,211
346,582,089
1898. '
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars .
Ten thousand dollars
Total
1899.
T w e n t y dollars
Fifty d o l l a r s
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total
1900.
Twenty dollars
Fiftv d o l l a r s
One'hundred 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
1901.
Twenty dollars.
Fifty dollars
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 t h o u s a n d dollars
Total
1902.
T w e n t y 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 t h o u s a n d dollars
Total
.
Total
redeemed.
Outstanding,
196
No.
REPORT ON T H E FINANCES.
3 6 . — G O L D CERTIFICATES OP EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1898—Continued.
Issued during year.
Denomination.
1903.
Twenty dollars
Fiftydollars
Oue 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
1904,
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
Total
1906,
Twenty 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
No.
:..
T o t a l issued.
$69,520,000
14,200,000
19,200,000
3,600,000
11,300,000
Redeemed
d u r i n g year.
Total,
redeemed.
Outstanding.
50,710,000
$236,240,000
66,400,000
102,234,300
79,744,000
236,881,000
603,035,000
811,710,000
168,430,000
2,136,244,300
105,902,220
1,727,134,431
56,640,000
10,600,000
19,200,000
5,400,000
18,500,000
23,000,000
81,430,000
292,880,000
77,000,000
121,434,300
85,144,000
255,381,000
626,036,000
893,140,000
43,391,200
9,078,300
11,670,300
3,422,500
8,447,000
2,010,000
61,670,000
122,959,436
•42,422,295
70,339,600
70,071,000
197,931,500
676,620,000
776,380,000
214,770,000
2,351,014,300
129,689,300
1,856,723,731
494,290,569
347,120,000
93,400,000
144,634,300
87,944,000
263,681,000
633,285,000
975,660,000
49,713,400
9,693.260
13,134;950
3,431,000
8,318,000
2,010,000
85,1.20,000
172,672,836
52,116,545
83,474,450
73,502,000
206,249,500
578,630,000
861,500,000
174,447,164
41,284,456
61,159,860
14,442,000
57,431,500
54,655,000
114,160,000
2,546,724,300
171,420,600
2,028,144,331
517,679,969
54,240,000
16,400,000
23,200,000
2,800,000
8,300,000
7,260,000
82,620,000 •
194, 710,000
$28,375,620
$79, 568,236 $156,671,764
. 6,393,400
33,343,996
33,056,005
7,706,200
68,769,200
43,465,100
3,149,000 • 66,648,500
13,096, 500
6,044,000
189,484,500
47, 396,500
1,575,000
574,610,000
28,425,000
52,660,000
724,710,000
87,000,000
409,109,869
169,920, 564
34,577, 706
51,094,800
16 073 000
67,449,500
49,415,000
116,760,000
3 7 . — S I L V E R CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R PROM 1898.
Denomination.
1898.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars . . .
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Toial
Issued duri n g y e a r . T o t a l issued.
Redeemed
during year.
Total
redeemed.
$177,036;000
106,104,000
414,780,000
462,654,000
264,706,000
57,350,000
75,140,000
16,550,000
27,190,000
$20,142,265.00
10,666,860.00
41,11.8,885.00
35,999,060.00
18,165,180.00
3,969,750.00
20,163,500.00
101,500.00
216,000.00
$146,134,060,90
86,328,185. 60
305,402,650.50
336,980, 534,00
183,563,170,00
34,505,765.00
65,644,130,00
16,374,000.00
26, 921,000.00
$19,980,000
11,320,000
48,760,000
48,280,000
32,080,000
11,800,000
1,000,000
100,000
300,000
173,620,000 1,600,410,000
160,543,000.00 1,201,853,496.00
Outstanding.
$30,901, 939.10
18, 775,814.40
109,377,349.50
125,573,466,00
81,142,830,00
22,844 235 00
9,496,870.00
176,000.00
269,000.00
398,556,504.00
1899.
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
31,408,000
16,712,000
40,500,000
37,640,000
19, 600,-000
6,500,000
208,444,000
120,816,000
465,280,000
500,194,000
284,306,000
63,850,000
75,140,000
16,550,000
27,190,000
161,360,000 1,751,770,000
21,668,208.00
11,496,396.00
42,982,197.00
37,100,695.00
20,049,880.00
6,378,125.00
4,080,100.00
62,500.00
114,000.00
167,702,268.90
97,823,680. 60
348,384,847.50
374,081,129.00
203,613,050.00
40,883,890.00
69,724,230.00
16,436,500.00
27,035,000.00
40,741,731.10
22,992,419.40
106,895,152.60
126,112,871.00
80,692,950.00
22,966,110.00
6,416,770,00
113,500,00
166,000,00
143,831,000.00 1,345,684,496.00
406,085,604.00
1900.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Total
38,368,000
21,088,000
48,140,000
43,720,000
' 6,200,000
3,800,000
6,400,000
100,000
5,300,000
246,812,000
141,904,000
603,420,000
643,914,000
289,506,000
67,650,000
81,640,000
16,650,000
32,490,000
172,116,000 1,923,886,000
26,887,693.00
13,241,736,00
41,030,180,00
36,775,620,00
20,980,800,00
10,974,526,00
8,084,660.00
• 100,600.00
4,111,000.00
194,589,961.90
111,066,316.60
389,416,027.50
410,856,649.00
224,593,850.00
51,858,415.00
77,808,780.00
16,537,000,00
31,146,000.00
52,222,038,10
30,838,683,40
114,004,972.60
133,057,351.00
64,912,160,00
15,791,685.00
3,731,220.00
113,000.00
1,344,000.00
162,186,604,00 1,607,871,000,00
416,016,000.00
197
TREASURER.
No.
3 7 . — S I L V E R CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL YEAR PROM 1898—Continued.
Issued during year. Total issued.
Denomination.
1901.
One dollar
Two dollars
Five dollars
Ten dollars
Tvventy dollars
Fifty dollars
One hundred dollars . .
Five hundred dollars..
One thousand dollars .
$46,288,000
25,464,000
113,420,000
16,680,000
Redeemed
during year.
Total
redeemed.
Outstanding.
$292,100,000 $38,164,268.00 $232,744,219.90 $59,365,780.10
19,803,152.00
167,368,000
130,868,468.60
36,499,631.40
616,840,000
51,716,080.00 441,131,107.50 176,708,892.60
560,694,000
44,135,510.00 454,992,159.00 105,601,841.00
289,606,000
19,087,600.00 243,681,350.00 46,824,650.00
67,650,000
6,973,200.00
58,831,615.00
8,818,385.00
81,640,000
913,300.00
78,722,080.00
2,817,920.00
16,650,000
000.00
30,000.00
16,567,
83,000.00
32,490,000
1,040,000.00
32,186,000.00
304,000.00
200,852,000 2,124,738,000 181,853,000.00 1,689,724,000.00 436,014,000.00
Total
1902,
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars . .
Five hundred dollars..
One thousand dollars .
Total
69,676,000
31,072,000
141,800,000
2,960,000
351,776,000
198,440,000
768,640,000
663,654,000
289,606,000
67,650,000
81,640,000
16,650,000
32,490,000
236,608,000 2,360,246,000
61,337 686.00
27,694,254.00
83,880,680.00
37,377,730.00
12,722,300.00
2,793,650.00
697 300.00
13 600.00
108;000.00
284,081,805.90
67,694,194.10
158,562,722.60
39,877,277.40
525,011,787.50 233,628,212.60
492,369,889.00 71,184,111.00
256,403,650.00 33,102,360.00
61,625,265.00
6,024,736.00
79,319,380.00
2,220,620.00
16,580,500.00
69,500.00
32,294, 000.00
196,000.00
216,625,000.00 1,906,249,000.00 453,997, 000,00
1903.
One dollar
Twodollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars..
One hundred dollars.
Five hundred dollars.
One thousand dollars.
75, 612,000
36,016,000
167,420,000
1,960,000
427,388,000
64,006,Oil, 00
236,456,000
33,303,089.00
916,060,000 127,023,145,00
26,191,330,00
565,614,000
9,555,200.00
289,506,000
67,650,000
1,723,625,00
427,600,00
81,540,000
12,000,00
16,660,000
67 000.00
32,490,000
273,008,000 2,633,254,000
Total.
348,087,816.90 79,300,183,10
191,865,811,60 44,590,188,40
652,034,932,60 264,026,067,50
618,661,219.00 46,962,781.00
266,968,850,00 23,547,150.00
4,301,110.00
63,348,890.00
980,00
1,793,020.00
• 79,746,
57, 500.00
16,692,600.00
139,000.00
32,351 000.00
262,299,000.00 2,168,548,000.00
464,706,000.00
79,913,407.00
40,414,738.00
160,263,176,00
17,851,860,00
6,876,530.00
1,125,300,00
320,000.00
l o ; 000.00
31, 000,00
80,706,776.10
46,191,460.40
281,841,892.60
38,100,931.00
18,030,620.00
4,976,810.00
1,473,020.00
47,600.00
108,000.00
1904.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars . .
Five hundred dollars .
One thousand dollars .
81,320,000
41,016,000
178,080,000
9,000,000
1,360,000
1,800,000
608,708,000
277,472,000
,094,140,000
574,514,000
290,866,000
69,450,000
81,540,000
16,650,000
32,490,000
428,001,223.90
232,280,549,60
812,298,107.60
536,413,069.00
272,835,380,00
64,474,190,00
80,066,980.00
16,602,600.00
32,382,000.00
312,676,000 2,946,830,000 306,806,000.00 2,475,364,000.00 470,476,000.00
T o t a l . - -'.
1906.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars..
Five hundred dollars..
One thousand dollars.,
Total
,
86,241,703.00
604,348,000
96,640,000
42,202,062,00
322,672,000
46,200,000
176,460,000 11,269,600,000 172,329,775.00
13,739,410,00
574,614,000
290,866,000
5,139,500.00
1,580,160.00
69,450,000
240,400.00
81,540,000
6,000.00
16,660,000
33,000.00
32,490,000
614,242,926,90 90,105,073.10
274,482,611.60 48,189,388.40
984,627,882,50 284,972, 117.50
550,152,479.00 24,36i; 621.00
12,89i;120.00
277,974,880.00
66,054,340.00
3,395,660.00
80,307,380.00
1,232,620.00
42,500.00
16,607,600.00
32,416,000,00
76,000,00
316,300,000 3,262,130,000 321,511,000,00 2,796,865,000,00 465,266,000,00
198
No.
REPORT ON T H E EINANCES.
38.—CURRENCY CERTIFICATES OP E A C H DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1898.
Denomination.
1898,
Five thousand dollars
Ten t h o u s a n d dollars
Total
1899,
Five thousand dollars
Ten thousand dollars . . ;
Total
•
1900,
Five thousand dollars
Ten thousand dollars
Total
1901.
Five thousand dollars
Ten t h o u s a n d dollars
Total
1902.
Five thousand dollars
Ten thousand dollars
Total
Issued during year.
T o t a l issued. dRu reidnege my ee da r .
Total
redeemed.
Outstanding,
$56,000 $105,935,000
53,100,000 1,327,470,000
$400,000 $105,080,000
88,490,000 1,301,720,000
$855,000
25,750,000
53,155,000 1,433,405,000
88,890,000 1,406,800,000
26,605,000
105,935,000
30,800,000 1,358,270,000
450,000
105,530,000
35,600,000 1,337,320,000
405,000
20,950,000
30,800,000 1,464,205,000
36,050,000 1,442,850,000
21,355,000
105,935,000
9,420,000 1,367,690,000
370,000
105,900,000
26,700,000 1,364,020,000
35,000
3,670,000
9,420,000 1,473,625,000
27,070,000 1,469,920,000
3,705,000
105,935,000
1,367,690,000
35,000
105,936,000
3,670,000 1,367,690,000
1,473,625,000
3,705,000 1,473,625,000
105, 935,000
1,367,690,000
105,935,000
1,367,690,000
1,473, 625,000
'
1,473,625,000
NOTE.—The act authorizing the issue of currency certificates was repealed March 14, 1900,
whole amount issued has been redeemed, and the account is closed.
The
199
TREASURER.
N o . 3 9 . — A M O U N T 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 Y E A R PROM. 1898.
Denomination.
Issued d u r - T o t a l is.sued. R e d e e m e d
ing year.
during year.
Total
redeemed.
Outstanding.
1898.
One dollar
$31,936,000 $423,596,160 $28,567,670,00 $374,304,937.70
18,448,000
336,523,048 16,667,230,00
303,840,275.80
Two dollars
75,700,000 1,055,221,760 66,833,835,00
850,969,268.50
Five dollars
66,560,000 1,088,845,240 58,401,800,00
853,013,153,00
Ten dollars
41,440,000
637,863,334,00
T w e n t y dollars
801,638,400 32,404,610,00
13,100,000
180,856,360,00
Fiftydollars
221,440,200
5,563, 376.00
4,260,000
275,864,830,00
One h u n d r e d dollars .. . . :
316,418,300 23,970,100.00
800,000
269,881,500,00
Five h u n d r e d dollars
288,820,000
1,646,500.00
6,288,000
575,081,500.00
One thousand dollars
657,487,000 14,907,000.00
55,000
691,980,000.00
Five thousand dollars. ...
698,056,000
756,000.00
53,100,000 1,962,310,000 88,640,000.00 1,924,230,000.00
Ten thousand dollars
$49,291,222,30
31,682,772,20
204,252,491.50
235,832,087.00
163,775,066.00
40,583,840.00
40,553,470.00
18,938,600.00
82,405,500,00
6,075,000.00
38,080,000.00
Total
310,677,000 7,849,365,108 338,357,020.00 0,937,885,159.00
Unknown, destroyed.. ...
1,000,000.00
911,469,949.00
1,000,000.00
Net...-.
310,677,000 7,849,355,108 338,357,020.00 6,938,885,169.00
910,469,949.00
1899.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One h u n d r e d dollars
Five h u n d r e d dollars
One t h o u s a n d dollars
Five thousand dollars. . . .
Ten t h o u s a n d dollars
Total
U n k n o w n , destroyed
Net
37,868,000
461,464,160
20,368,000
366,891,048
81,700,000 1,136,921,760
72,720,000 1,161,565,240
44,880,000
846,618,400
8,000,000
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 1,993,110,000
405,949,573.70
31,644,636. 00
321,944,902.80
18,104,627.00
923,564,815.50
72,595,547.00
915,338,308.00
62,326,155. 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
275,226,000.00
5,344,500.00
602,918,500.00
27,837,000.00
692,825,000.00
846,000.00
37,600,000.00 1,961,830,000.00
55,614,686.30
33, 946,145.20
213,356,944.50
246,226,932.00
173,340,226.00
39,254,915.00
34,486,370.00
16,694,000.00
54,608,500.00
5,230,000.00
31,280,000.00
301,276,000 8,150,631,108 309,808,330.00 7,247,693,489.00
1,000,000.00
902,937,619.00
1,000,000.00
301,276,000 8,150,631,108 309,808,330,00 7,248,693,489.00
901,937,619.00
1900.
One dollar
38,416,000
499,880,160
T w o dollars
22,584,000
378,475,048
80,060,000 1,216,981,760
Five dollars
78,960,000 1,240,525,240
Ten dollars
73,030,000
Twenty dollars.. . .
919,548,400
24,900,000
254,340,200
Fiftydollars
29,760,000
348,978,300
One h u n d r e d dollars
299,270,000
F i v e h u n d r e d d o l l a r s . . . . • 8,350,000
697,567,000
O n e t h o u s a n d d o l l a r s . . . . 40,040,000
721,970,000
F i v e t h o u s a n d d o l l a r s . . . . 23,915,000
75,530,000 2,068,640,000
Ten thousand dollars
Total
U n k n o w n destroyed
34,118,332,00
440,067,905.70
18,821,002,00
340,765,904.80
75,202,510.00
998,767,325.50
64,953,680,00
980,291,988.00
40,407,750,00
713,586,924.00
14,290,300,00
204,475,685.00
16,043, 600.00
299, 776,530.00
278,396,250,00
3,170,260.00
621,333,500.00
18,415,000.00
696,460,000.00
3,636,000.00
39,200,000.00 2,001,030,000,00
59,812,264.30
37,709,143.20
218,214,434,50
260,233,252,00
205,962,476,00
49,864,615,00
49,201,770,00
20,873,750,00
76,233,500,00
25,510,000,00
67,610,000,00
495,545,000 8,646,176,108 327,257,424.00 7,674,960,913,00 1,071,225,196,00
1,000,000,00
1,000,000,00
495,545,000 8,646,176,108 327,257,424.00 7,575,950,913,00 1,070,225,196,00
Net
1901.
One dollar
546,168,160
45,288,000
403,939,048
25,464,000
Two dollars
113,420,000 1,330,401,760
Five dollars
79,960,000 1,320,485,240
Ten dollars
• 47,360,000
Twenty dollars..
966,908,400
4,100,000
268,440,200
Fiftydollars
11,100,000
360,078,300
One h u n d r e d dollars
304,470,000
6,200,000
Five h u n d r e d dollars
710,467,000
12,900,000
One thousand dollars
5,000,000
726,970,000
Five t h o u s a n d dollars
T e n t h o u s a n d d o l l a r s . . . . 67,310,000 2,125,950,000
Total
U n k n o w n destroyed
Net
481,587,098,70
41,619,193,00
22,985,412.00
363,751,316,80
87,995,285.00 1,086,762,610,50
80,528,800.00 1,060,820,788,00
47.396,900.00
760,982,824.00
12,113,900.00
216,589,485.00
9,333,000.00
309,109,630.00
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
40,187,731,20
243,639,149.60
269,664,462,00
206,926,576,00
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 9,053,278,108 358,891,490.00 7,933,842,403.00 1,119,436,706.00
1,000,000.00
1,000,000.00
407,102,000 9,053,278,108 358,891,490,00 7,934,842,403.00 1,118,435,705.00
200
No.
REPORT ON T H E FINANCES.
39.—AMOUNT OF UNITED STATES NOTES, TREASURY NOTES, AND GOLD, SILVER,
AND CURRENCY CERTIFICATES, OF EACH DENOMINATION ISSUED, ETC.—Cont'd.
Denomination,
Issued dur- Total issued. Redeemed
during year.
ing year.
Total
redeemed.
Outstanding.
1902.
One dollar
Two dollars .. .
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Fivehundred dollars
One thousand dollars .
Five thousand dollars
Ten thousand dollars
$69,676,000
31,072,000
141,800,000
104,080,000
47,840,000
8,800,000
12,400,000
4,700,000
11,800,000
2,000,000
42,740,000
Total
Unknown, destroved
466,908,000 9,520,186,108 408,083,600.00 8,341,926,003.00 1,178,260,106.00
1,000,000.00
1,000,000.00
Net
$604,844,160 $52,457,602.00 $534.044,600,70
435,Oil, 048 28,868,443,00 ^392,619,759,80
1,472,201,760 112,494,045,00 1,199,256,655.60
1,424,565,240 86,417,220.00 1,147,238,008.00
806,981,814.00
1,014,748,400 45,998,990.00
9,708,350.00 226,297,836.00
267,240,200
372,478,300 10,500,800.00
319,610,330,00
6,602,250.00 287,097,600.00
309,170,000
650,089,500,00
722,267,000 13,756,000,00
740,000,00
698,960,000.00
728,970,000
2,168,690,000 41,540,000,00 2,079,730,000,00
$70,799,559.30
42,391,288,20
272,945,104,50
277,327,232.00
207,766,686.00
40,942, 366.00
62,867,.970. 00
22,072,600.00
72,177,500.00
30,010,000.00
88,960,000.00
466,908,000 9,620,186,108 408,083,600.00 8,342,926,003.00 1,177,260,106.00
1903.
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
75,612,000
698,436,338.70
82,019,821.30
680,456,160 64,391,738.00
38,016,000
473,027,048 33,698,980,00
426,318,739.80
46,708,308.20
157,420,000 1,629,621,760 143,090,702.00 1,342,347,357.50 287,274,402.60
111,560,000 1,536,125,240 100,108,030.00 1,247,346,038.00 288,779,202.00
69,520,000 1,084,268,400 53,074,420,00
860,056,234.00
224,212,166.00
14,200,000
281,440,200 11,041, 700,00 237,339,535.00
44,100,665.00
19,200,000
391,678,300 13,626,650,00
333,236,980.00 • 68,441,320.00
3,500,000 312,670,000
4,718,000,00 291,815,500.00
20,854,500.00
11,300,000
660,662,500.00
733,567,000 10,573,000.00
72,904,600.00
1,576,000,00 700,636,000.00
728,970,000
28,436,000.00
50,710,000 2,219,400,000 52,660,000.00 2,132,390,000.00
87,010,000.00
Total
Unknown destroyed
551,038,000 10,071,224,108 488,558,220,00 8,830,484,223.00 1,240,739,885.00
1,000,000.00
1,000,000.00
561,038,000 10,071,224,108 488,668,220.00 8,831,484,223.00 1,239,739,885.00
Net
1904.
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
81,320,000
41,016,000
178,080,000
117,440,000
63,920,000
13,200,000
21,010,000
8,400,000
21,210,000
23,000,000
81,430,000
Total
Unknown, destroyed
660,026,000 10,721,250,108 565,340,300,00 9,395,824,623.00 1,325,425,586,00
1,000,000.00
LOOO, 000,00
Net
678,620,947.70
761,776,160 80,084,609.00
614,043,048 40,585,356.00
466,904,095.80
1,807,701,760 168,590,970.00 1,510,938,327.50
1,663,666,240 117,223,940.00 1,364,669,978,00
1,148,188,400 61,967,450.00
922,023,684,00
294,640,200 11,902,075.00
249,241,610,00
412,688,300 16,423,900.00
348,660,880.00
321,070,000
4,440,000.00 296,256,500.00
754,777,000 11,442,000.00
672,104,500.00
761,970,000
2,010,000.00 702,545,000.00
2,300,830,000 51,670,000,00 2,184,060,000.00
83,256,212,30
47,138,952,20
296,763,432.50
288,996j 262,00
226,164,716.00
46,398,690.00
64,027,420.00
24,814,500.00
82,672,500.00
49,426,000.00
116,770,000.00
650,026,000 10,721,250,108 565,340,300.00 9,396,824,523.00 1,324,426,686.00
1905.
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
95,640,000
45,200,000
176,460,000
126,320,000
64,240,000
16,400,000
23,200,000
2,800,000
8,610,000
7,260,000
82,520,000
Total
Unknown, destroyed
637,640,000 11,368,790,108 623,026,600,00 10,018,851,123.00 1,339 938 985 00
1,000,000,00
1,000,000.00
Net
857,416,160 86,343,369.00
764,864,316,70
609,202,236,80
559,243,048 42,298,141.00
1,983,161,760 176,479,500.00 1,687,417,827.50
1,779,885,240 122,869,670.00 3,487,439,648.00
1,202,428,400 64,507,070.00
986,530,764,00
311,040,200 12,397, 650,00 261,639,260,00
364,309,080,00
436,888,300 16,648,200,00
323,870,000
4,669,000,00 300,924,600,00
763,287,000 10,684,000,00
682,788,500.00
759,220,000
2,010,000,00 704,556,000.00
2,383,350,000 86,120,000.00 2,269,180,000,00
92,661,843,30
60,040,811.20
295,743,932,50
292,446,692,00
216,897,646.00
49 400 940 00
71,579,220.00
22,945,500.00
80,498,600.00
64,666; 000.00
114,170,000.00
637,640,000 11,358,790,108 623,026,600.00 10,019,861,123.00 1,338,938,986.00
201
TREASURER.
N o . 4 0 . — A M O U N T OF PAPER CURRENCY OF EACH DENOMINATION OUTSTANDING AT
THE C L O S E O P E A C H F I S C A L Y E A R F R O M
Denomination.
Legal-tender
notes.
Certificates.
1898.
National-bank
notes.
Total.
1898.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars ..
Five hundred doLars ..,
One thousand dollars...
Five thousand dollars ..
Ten thousand dollars...
$18,389,283
12,906,958
94,876,142
110,258, 621
77,957,542
15,083,260
27,425,000
15,361,600
76,606,000
15,000
10,000
$30,901,939
18,776,814
109,377,350
125,573,466
85,817,524
26,500,590
13,128,470
3,577,000
6,799,500
6,060,000
38,070,000
$349,640
168,508
71,416,125
70,638,310
62,746,120
10,749,150
21,763,100
111,500
28,000
Total
Unknown, destroyed .
448,888,296
1,000,000
462,581,663
227,869,453
1,139, 339,402
1,000,000
447,888,296
462,681,653
227,869,453
1,138,339,402
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..
14,772,856
10,963,726
106,461,792
120,114,061
88,156,312
13,750,450
25,586,100
12,296,000
49,083,000
16,000
10,000
40,741,731
22,992,419
106,895,153
126,112,871
85,183,914
26,504,466
8,899,270
3,398,000
6,626,500
6,215,000
31,280,000
348,721
167,876
73,799,985
75,403,810
66,379,280
11,643,400
65,863,307
34,114,021
287,166,930
321,630,742
229,719,606
60,798,315
58,026,670
16,802,000
54,636,500
6,230,000
31,290,000
Total
Unknown, destroyed .
441,199,296
1,000,000
461,748,323
440,199,296
461,748,323
241,319,272
1,143,266,891
One dollar
Twodollars
-•
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars....
Five hundred dollars..
One thousand dollars...
Five thousand dollars ..
Ten thousand dollars...
7,590,217
6,870,459
104,209,462
127,175,901
86,554,002
13,683,475
24,315,260
10,835,250
43,449,000
15,000
10,000
62,222,039
30,838,683
114,004,972
133,057,351
120,408,474
36,181,140
24,886,520
10,038,500
32,784,500
26,495,000
67,600,000
347,946
167,244
74,639,555
108,727,430
78,652,820
16,522,050
31,618,000
106,500
27,000
60,160,201
37,876,386
292,763,989
368,960,682
284,615,296
65,386,665
80,819,770
20,979,250
76,260,500
25,610,000
67,610,000
Total
Qnknown, destroyed .
Net.:
•.
423,708,016
1,000,000
647,517,179
309,607,544
1,380,832,739
1,000,000
Net .
$49,640,862
31,861,280
275,668,617
306,370,397
216,620,186
61,332,990
62,316,570
19 050,000
82,433,600
6,075,000
38,080,000
1899.
Net .
1900.
23,640,200
108,000
28,000
1,144,266,891
1,000,000
647,517,179
1,379,832,739
1901.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred d o l l a r s —
Five hundred dollars...
One thousand dollars...
Five thousand dollars ..
Ten thousand dollars...
4,226,281
3,688,200
67,930,257
154,062,611
76,708,742
12,455,025
23,587,650
12,390,250
40,396,000
10,000
10,000
69,355,780
36,499,532
176,708,892
106,601,841
129,216,834
29,395,690
27,381,120
10,584,500
33,737,600
28,740,000
87,750,000
347,101
166,782
61,668,685
139,793,620
101,212,700
16,568,400
33,924,400
101,500
25,000
63,928,162
40,354,614
305,207,834
399,458,072
307,138,276
58,419,115
84,893,170
23,076,250
74,158,500
28,750,000
87,760,000
Total
Unknown, destroyed.
396,464,016
1,000,000
723,971,689
353,708,188
1,473,143,893
1,000,000
394,464,016
723,971,6
353,708,188 1,472,143,893
202
No,
REPORT ON T H E FINANCES.
4 0 . — A M O U N T OP P A P E R CURRENCY OF EACH DENOMINATION OUTSTANDING AT
THE CLOSE OF EACH FISCAL Y E A R FROM 1898—Continued.
Denomination.
Legal-tender
notes.
Certificates.
National-bank
notes.
1902.
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.
$3,105,365
2,514,Oil
39,316,892
206,143,121
69,136,852
9,668,225
18,677,050
9,268,500
29,841,000
10,000
10,000
$67, 694,194
39,877,278
233,628,212
71,184, 111
148,629,734
31,274,140
34,190,920
12,814,000
42,336,500
30,000,000
88,950,000
$346,371
166,170
64,620,050
143,883,370
107,488,120
16,241,000
33,768,300
98,500
25,000
$71,146,930
42,657,459
327,565,154
421,210, 602
316,254,706
57,183,365
86,636,270
22,171,000
72,202,500
30,010,000
88,960,000
Total
Unknown, destroyed .
377,681,016
1,000,000
800,579,089
356,636,881
1,534,896,986
1,000,000
376,681,016
800,579,089
356,636,881
1,533,896,986
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.
2,719,638
2,118,120
23,249,335
241,826,421
43,993,252
6,743,550
13,183,200
7,701,500
25,369,000
10,000
10,000
79,300,184
44,590,188
264,025,067
46,952,781
180,218,914
37,357,115
45,258,120
13,153,000
47,535,500
28,425,000
87,000,000
345.959
165.960
61,798,905
172,263,760
127,446,540
16, 676,560
34,815,200
96,500
25,000
82,366,781
46,874,268
349,073,307
461,042,962
351,658,706
60,777,215
93,256,520
20,951,000
72,929,500
28,435,000
87,010,000
Total
Unkiiown, destroyed .
366,924,016
1,000,000
873,815,!
413,634,374
1,654,374,269
1,000,000
1, 653,374,259
Net
1903.
Net
366.924.016
173,815,869
413,634,371
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.
2,548,436
1,947,502
14,921,540
250,894,331
38,213,632
5,845,076
11,459,600
9,694,000
25,115,000
10, 000
10,000
80,706,777
45,191,450
281,841,892
38,100,931
187,951,184
39,553,615
62,567,820
16,120,500
57,657,600
49,415,000
116,760,000
345,145"
165,282
62,827 ,'170
189,305,960
141,904,240
17,591,500
36,939,000
95,500
24,000
83,600,358
47,304,234
359,690,602
478,301,222
368,068,<956
62,990,090
100,966,420
24,910,000
82,696,500
49,425,000
116,770,000
Total
Unknown, destroyed .
360,659, 016
1,000,000
964,766,569
449,197,797
1,774,623,382
1,000,000
359,659,016
964,766,569
449,197,797
1,773,623,-382
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.
2,446,771
1,851,422
10,771,815
268,084,071
28,569,362
4,720,825
9,186,750
8,461,000
22,992,000
10,000
10,000
90,105,074
48,189,388
284,972,117
24,361,521
187,338,284
44,680,115
62,392,470
14,484,500
67,506,500
54,655,000
114,160, 000
344,669
164,992
68,473,496
211,148,110
168,704,700
18,238,850
38,487,500
95,000
24,000
92,896,614
60,205,802
364,217,427
503,593, 702
374,602,346
67,639,790
110,066,720
23,040,500
80,522,600
54,665,000
114,170,000
Total
Unknown, destroyed ..
357,094,016
1,000, 000
982,844, 969
496,681,316
356,094,016
982,844, 969
495,681. 316 1,834,620,301
1904.
Net
1905.
Net
1,835,620,301
1,000,000
203
TREASURER.
No. 41.—OLD
DEMAND NOTES OP EACH DENOMINATION
OUTSTANDING J U N E 30, 1905.
l^'ive dollars.
Ten dollars
Twenty dollars
....
..
Total
No.
Three cents
Five cents
Ten cents
Fifteencents
Twenty-five cents
Fiftv cents
.
....
Total
Unknown destroved
Net
No. 4 3 . -
Outstanding.
$285.00
220.00
60.00
$21,778,622.50
20,010,235.00
18,187,860.00
$21,377.50
19,766.00
12,140.00
60,030,000
566.00
59,976,717.50
63,282.50
Total issued.
. . .
Total
redeemed.
AND
$21,800,000
20,030,000
18,200,OOC
4 2 . — F R A C T I O N A L CURRENCY OF EACH DENOMINATION
OUTSTANDING J U N E 30, 1905.
Denomination.
Redeemed
during
year.
ISSUED, REDEEMED, AND
Total
redeemed.
Outstanding.
$601,923.90
5,694,717.85
82,198,456.80
5,305,568.40
139,031,482.00
135,891,930.50
• $3.00
25.00
377.10
23.00
744.20
968.50
$511,716,78
3,836,150.28
77,141,246.13
5,065,497.29
134,760,613.36
132,133,808.20
$90,207 12
1,858,667,57
6,057,210,67
240,071.11
4,270,868.64
3,758,122.30
368,724,079.45
2,140.80
353,449,032.04
32,000.00
15,275,047,41
32,000 00
368,724,079.45
2,140,80
353,481,032.04
15,243,047,41
-UNITED STATES P A P E R CURRENCY OUTSTANDING AT THE CLOSH: OF EACH
FISCAL Y E A R PROM 1890.
Fiscal year.
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
• 1903
1904
1905
Fiscal year.
1890.
1891.
1892.
1893.
1894.
1896
1896
1897
1898
1899
1900
1901.
1902.
1903
1904
1906,
Redeemed during year.
Total issued.
Denomination.
ISSUED, REDEEMED,
Old demand
notes.
United States
notes.
$56,032,50 $346,681 016.00
65,647.50
346,68i; 016.00
55, 647, 50 346,681 016,00
55,647, 50 346,68i: 016.00
54,847,50
346,68i; 016,00
54,847.50
346,681, 016.00
64,347.50
346,681, 016.00
54,347,60
346,681 016,00
53,997,60
346,681 016,00
63,847. 50 346,68i; 016,00
53,847.50
346,681, 016,00
53,847.50
346,681 016.00
53,847.50
346,681 016,00
53,847,50
346,681, 016,00
53,847. 50 346,681, 016,00
53,282.50
346,68i; 016.00
Gold certificates.
$157,542, 979,00
152,461, 429.00
156,698, 929,00
92,846, 189,00
• 66,387,899.00
48,469, 959.00
42,818,189.00
38,782, 169.00
37,420, 149.00
34,297, 819.00
, 227,797,179.00
288,967, 689,00
346,582, 089.00
409,109, 869.00
494,290, 669.00
617,679, 969.00
Silver
certificates.
$301,639, 751.00
314,715, 185.00
331,614, 304.00
330,957, 604.00
337,148, 504.00
328,894, 604.00
342,619, 504.00
375,479, 504.00
398,556, 504.00
406,085, 504.00
416,016, 000.00
435,014, 000.00
463,997, 000.00
464,706, 000.00
470,476, 000.00
465,265, 000.00
Treasurynotes
of 1890.
Fractional
currency.
Total notes.
$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
19,243, 000.00
12,978, 000.00
9,413,000.00
$16,287, 449.30
15,283, 617.93
15,279, 400.95
15,276, 442.95
15, 273,075.75
16,270, 056.82
16,267,122.47
15.263, 640.47
16,260, 690.47
15,257,346,99
15.264,928,74
16,252, 349.96
15,249, 261,96
15,247, 178,96
16,245, 188.21
16,243,047.41
$362,024, 497.80
412,24S, 698.43
463,728, 135,46
509,203, 333,46
614,593, 356,25
508,094, 319,32
491,685, 765,97
476,866, 283,97
463,202, 983,97
456,610, 490.49
438,016, 792.24
409,770, 213.46
391,984, 126,46
381,225, 042,46
374,958, 051.71
371,390, 346,91
Currency
certificates.
$12,390, 000.00
23,780, 000.00
30,420, 000,00
12,406, 000.00
60,035, 000.00
55,795, 000.00
32,210,000.00
62,340, 000.00
26,606, 000.00
21,355, 000.00
3,705, 000,00
Total certificates.
$471,472, 730.00
490,956, 614,00
518,633, 233,00
436,208, 693,00
463,671, 403.00
433,159, 463,00
417,647, 693.00
476,601 673. 00
462,58i: 653.00
461,738; 323,00
647,517, 179,00
723,971, 689,00
800,579, 089.00
873,816, 869.00
964,766, 569.00
982,844, 969.00
Grand total.
497,227.80
903, 206,312.43
982, 361,368.45
945 412.026.45
978, 164,759,26
941, 253,782.32
909, 333,458,97
953, 467,956,97
925, 784,636,97
•917, 248,813.49
1,085, 533,971.24
1,133, 741.902.46
1,192, 563,204.46
1,256, 040,911.46
1,339, 724,620.71
1,364, 235,314.91
204
No.
REPORT ON T H E FINANCES.
4 4 . — C O M P O U N D - I N T E R E S T NOTES O P EACH DENOMINATION ISSUED,
AND O U T S T A N D I N G J U N E 30, 1905.
Total issued.
Denomination,
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Total
No.
Redeemed
during
year.
REDEEMED,
Total
redeemed.
Outstanding.
$23,285,200
30,125,840
60,824,000
45,094,400
67,846,000
39,420,000
$100
160
100
$23,264,890
30,093,630
60,762,460
46,062,300
67,834,500
39,416,000
$20,310
32,210
61,550
32,100
11,500
4; 000
266,695,440
360
266,433,770
161,670
4 5 . — O N E A N D T W O Y E A R NOTES OP EACH DENOMINATION ISSUED,
AND O U T S T A N D I N G J U N E 30, 1905.
Denomination,
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 t h o u s a n d dollars
T o t a l issued.
.
. . . .
'.
Total
Unknown, destroyed
Net
Redeemed
during
year.
$6,200,000
16,440,000
20,945,600
37,804,400
40,302,000
89,308,000
REDEEMED,
Total
redeemed.
$6
20
100
Outstanding.
$6,193,830
16,427,620
20,932,250
37,788,400
40,300,500
89,289,000
$6,170
12,380
13,350
16,000
1,500
19,000
211,000, 000
125
210,931,600
10,590
68,400
10,690
211,000,000
• 126
210,942,190
67,810
N o . 4 6 . — U N I T E D STATES P A P E R CURRENCY OF EACH CLASS, TOGETHER WITH O N E
AND Two Y E A R NOTES AND COMPOUND-INTEREST NOTES, ISSUED, REDEEMED, AND
OUTSTANDING J U N E 30, 1905.
Class.
Issued during year.
T o t a l issued.
Redeemed
during year. Total redeemed. Outstanding.
Old d e m a n d n o t e s
$665,00
$60,030,000.00
$59,976,717.60
United States notes
$126,530,000 3,629,876,808.00 126,530,000,00 3,283,194,792.00
447,435,000.00 3,566,000.00
438,022,000.00
T r e a s u r y n o t e s of 1890
194,710,000 2,578,724,880.46 171,420,600,00 2,061,144,91L 46
Gold certificates
S i l v e r certiflcates
316,300,000 3, 262,130,000,00 321,611,000,00 2,796,865,000.00
C u r r e n c y certificates
1,473,625,000,00
1,473,625,000.00
368,724,079,45
363,481,032.04
Fractional currency
2,140.80
211,000,000,00
One a n d t w o year n o t e s . .
125,00
210,942,190.00
360.00
Compound-interest notes.
266,696,440,00
266,433, 770.00
Total
$63,282.60
346,681,016,00
9,413,000.00
617,679,969.00
466,266,000.00
15,243,047.41
67,810.00
161,670.00
637,640,000 12,298,140,207,91 623,029,790.80 10,943,686,413.00 1,364,464,794.91
N o . 4 7 . — 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, 1900.
Month.
1900—.lanuary . . .
February..
March
April
May
June
July.......
August
September.
October
November.,
December.,
U n i t e d States
notes.
• $2,300,189
1,478,656
980,363
4,632,390
7,100,506
6,447,160
2,419,706
1,430,236
999,969
1,623,349
3,943,142
2,330,402
Treasury
notes.
$891,244
111,485
162,200
640,416
1,381,646
1,341,466
219,951
12,030
1,560
7,356
12,098
49,108
Total.
$3,191,433
1,690,041
1,132,663
6,072,805
8,482,051
6,788,626
2,639,666
1,442,266
1,001,619
1,630,704
3,966,240
2,379,510
I m p o r t s of
gold, a
$1,469,608
1,622,940
1,693,716
2,994,496
3,106,266
1,248,866
5,602,373
2,439,432
3,490,439
9,264,260
10,130,082
2,941,880
a Imports and exports of gold in the ore not included.
E x p o r t s of
gold, a
$6,688,522
1,401,606
1,062,610
1,961,069
12,206,396
8,089,968
8,270,787
18,079,826
802,732
436,216
665,762
401,413
205
TREASUEER.
N o . 4 T . — U N I T E D STATES NOTES AND TREASURY NOTES REDEEMED IN GOLD, AND
IMPORTS AND EXPORTS OF GOLD, DURING EACH MONTH, FROM JANUARY, 1900.—Con.
Month,
1901—January . .
February.
March
April
May
June
July
August . . .
September
October
November
December
1002—January..
February.
March
April
May
June
July
August . . .
September
October...
November
December
1903—January ..
February.
March
April
May
.lune
July
August . . .
September
October...
November
December
1904—January ..
February .
March....
April
May
June
July
August . . .
September
October...
November
December
1906—January ..
February.
March .^...
April
May
June
- July
August —
September
United States
notes.
$7,056,430
1,488,211
510,777
833,735
798,285
442,203
833,420
2,141,675
760, 706
2,333,095
1,657,890
2,231,544
6,105,090
1,031,734
198,539
260,930
359,343
568,626
411,662
301,683
263,426
327,838
321,362
Treasury
notes.
$43,981
11,900
4,876
61,790
21,700
10,330
12,145
173,941
120,307
76,870
166,361
82,630
111,490
107,677
74,254
116,075
101,210
131,630
103,273
86,082
66,446
110,302
66,660
624,700
67,240
1,005,816
294,300
466, 975
1,129,685
1,178,466
939,928
961,450
663, 950
407,203
664,690
683,640
1,108,996
1,325,451
1,059,983
1,049,435
1,034,718
1,200,768
920,885
1,319,800
662,465
630,475
650,230
706, 996
805,093
2,149,920
901,786
1,025,855
780,546
1,018,480
1,066., 936
1,065, 733
754,825
653,010
146,685
78,125
72,135
69,370
167,910
99,300
71,610
43,160
.36,392
62,995
14,005
40,140
71,319
20.615
6,365
36,100
34,660
37.616
33,176
36,590
16,660
28,640
27,296
27,676
48,435
43,230
35,065
16,675
23,216
6,120
17,875
14,405
9,050
Total,
$7,100,411
1,500, 111
515,662
886,626
819,985
452,533
845,565
2,316,616
881,012
2,409,965
1,824,251
2,314,174
6,216,680
1,139,411
272,793
377,005
460,553
700,255
514,925
386,665
329,870
438,140
388,012
581,940
1,152,600
372,426
628,110
1.199.055
1,336,375
1,039,228
1,033,060
707,110
443,695
727,685
697,546
1,149,135
1,396,770
1,080,598
1,054,800
1,070,818
1,235,428
958,500
1,352,976
699,056
647,135
578,870
734,290
832,668
2,198,355
945,015
1,060,920
796,221
1,041,695
1.071.056
1,083, 608
769,230
662,060
Imports of
gold.
$3,537,217
1,426,683
1,705,444
1,437,176
870,336
2,700,412
1,228,544
2,519,063
6,663,865
4,866,005
4,622,790
1,660,094
752,306
938,683
1,567,471
898,960
726,183
762,693
848,015
873,988
2,446,005
8,612,451
2,972,110
1,313,092
877,333
992,331
3,715,563
837,132
803,351
2,014,819
2,337,593
3,229,505
2,537,008
2,240,320
8,511,322
15,958,625
7,193,200
3,908,568
8,053,037
9,536,844
9,889,837
4,139,363
8,422,809
6,949,629
3,600,961
7,481,253
3,931,728
2,538, 999
1,078,307
1,391,006
4,144,083
1,699,927
1,802,174
. 1,278,170
3,933,862
2,257,691
5,499,686
Exports of
gold.
$8,200,359
402,927
476,269
4,882,367
10,076,264
6,281,574
2,759,251
106,224
121,4923,848,837
15,882,956
4,733,830
1,969,705
8,611,387
4,381,143
2,837,169
1,962,772
385,040
7,838,739
2,288,614
487,836
1,426,973
698,696
2,835,872
53,811
1,485,755
1,034.916
1,694;916
14,472,998
12,476,188
9,086,902
61,516
937,744
310,946
827,652
1,324,918
626,285
686,524
3,029,086
19,432,272
43,056,656
1,449,319
897,182
10,742,078
2,474,337
3,811,054
20,679,972
13,443,759
16,759,675
14,769,021
2,364, 637
1,291,243
455,890
3,970,102
1,055,089
186,263
1,412,904
No. 4 § . — U N I T E D
STATES NOTES AND TREASURY NOTES R E D E E M E D I N G O L D , AND
I M P O R T S A N D E X P O R T S O P G O L D , D U R I N G E A C H F I S C A L Y E A R , P R O M 1895.
Fiscal year.
1896
1896
1897
1898
1899.
1900.
1901.
1902
1903
1904
1905
United States
notes.
$109,783,800
153,-307,591
68,372,923
22,301,710
18,646,016
28,637,501
23,776,433
17,482,590
7,164,718
11,081,068
11,617,679
Treasury
notes.
$7,570,398
5,348,365
9,828,991
2,696,263
6,997,260
6,960,836
446,678
1,274,690
1,112,627
473,976
340,676
Total.
Imports of
gold.a
$117,354,198
158, 655,956
78,201,914
24,997,963
26,642,265
36,598,337
24,223, 111
18,767,180
8,267,246
11,555,044
11,868,254
$35,146,734
31,720,487
81,411,533
116,173,988
84,280,674
30,961,698
46,445,734
27,205,657
26,306,190
77,635,222
44,318,946
a Gold in the ore not included.
Exports of
gold.a
$66,131,183
112,309,136
40,114,722
16,324,929
37,507,771
48,218,168
52,968,446
47,699,796
46,793,212
80,726,919
91,658,950
206
REPORT ON T H E
N o . 4 9 . — T R E A S U R Y NOTES OF 1890
RETIRED
FINANCES.
BY REDEMPTION
IN SILVER
AND O U T S T A N D I N G , T O G E T H E R W I T H T H E S I L V E R I N T H E T R E A S U R Y
BY SUCH N O T E S , F O R E A C H M O N T H , F R O M J A N U A R Y , 1900,
Month.
1900—January . .
February .
March
April
May
June
July
August
September
October . . .
November
December1901—January...
February .
March —
April
May
June
July
August
September
October ..
November
December
1902—January ..
February .
March
April
May
June
July
August . . .
September
October . . .
November
December
1903—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1904—January...
February .
March
April
May
June
July
August
September
October...
November.
December.
1906—January...
February .
March
April
May
June
July
August
September
Retired by
redemption. O u t s t a n d i n g .
$449,000
673,280
1,823,000
2,746,000
3,189,000
3,413,000
2,489,000
3,150,000
2,674,000
2,151,000
2,115,000
2,061,000
3,119,000
2,321,000
2,076,000
2,001,000
2,096,000
2,001,000
1,764,000
1,696,000
1,407,000
1,592,000
1,324,000
1,514,000
1,063,000
2,187,000
1,383,000
1,325,000
1,331,000
1,307,000
1,237,000
1,062,000
866,000
1,040,000
742,000
1,001,000
1,100,000
721,000
731,000
706,000
782,000
770,000
687,000
586,000
472,000
624,000
446,000
622,000
584,000
476,000
474,000
385,000.
514,000
496,000
325,000
428,000
259,000
353,000
282,000
312,000
317,000
372,000
219; 000
246,000
248,000
204,000
248,000
181,000
189,000
$87,871,280
87,198,000
85,375,000
82,629,000
79,440,000
76,027,000
73,638,000
70,388,000
67,714,000
66,663,000
63,448,000
61,397,000
58,278,000
56,957,000
63,881,000
51,880,000
49,784,000
47,783,000
46,029,000
44,433,000
43,026,000
41,434,000
40,110,000
38,596,000
37,533,000
36,346,000
33,963,000
32,638,000
31,307,000
30,000,000
28,763,000
27,701,000,
26,836,000
25,796,000
25,054,000
24,053,000 i
22,953,000
22,232,000
21,601,000
20,796,000
20,013,000
19,243,000
18,556,000
17,970,000
17,498,000
16,874,000
16,428,000
15,906,000
15, 322,000
14,846,000
14,372,000
13,987,000
13,473,000
12,978,000
12,653,000
12,225,000
11,966,000
11,613,000
11,331,000
11,019,000
10,702,000
10, 330,000
10,111,000
9,865,000
9,617,000
9,413,000
9,165,000
8,984,000
8, 975,000
Bullion in
Treasury.
$79 626,
78 270,
74 862,
72 709,
71 126,
69 873,
69 266,
67 873,
64 762,
62 022,
67 600,
56 937,
54 853,
53 790,
62 407,
60 769,
48 890,
46 789,
45 801,
44 426,
42 244,
41 306,
40 030,
38 644,
37 506,
35 332,
33 955.
32 620,
30 870,
29 960,
28 368,
27 209,
24 439.
24 556,
23 667,
23 057.
21 940,
20 972,
20 146,
19 166,
18 463,
15 836,
15 836,
16 601,
14 982,
13 616,
12 711,
11 579,
7 151,
7 142.
5 829,
5 368,
6 437.
6 074.
4 916,
3 908.
3 021,
2 494,
1 970,
1 708,
1 248,
927,
536,
297,
91,
DOLLARS
PURCHASED
Dollars in
Treasury.
$8,246,
8,927
10,512:
9,919;
8,313;
6,153,
4,27i;
2,514!
2,951:
3,540;
5,847!
4,459;
3,424;
2,166,
1,473;
1,110,
893.
993:
227;
6
78i:
127:
79:
62;
27:
13;
7,
17:
436:
39;
394
491:
2,396!
1,239;
1,386!
995;
1,012:
1,259:
1,354:
1,629
1,649
3,406;
2,719,
2 ;
2, bib,
3,257
3,716:
4,326
8,170;
7,703:
8,542:
8, 618:
8,035:
7,'
7,736;
8,316,
8,944,
9,118;
9,360,
9,310,
9,453:
9,402:
9,574:
9,567'
9,525:
9,413:
9,165:
8,984:
8,795;
207
TREASURER.
No.
50.—TRANSACTIONS BETWEEN THE SUBTREASURY AND CLEARING
N E W YORK DURING EACH MONTH, PROM JANUARY, 1900.
Month.
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 . . .
November
December.
1903—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1904—January . .
February .
March
April
May
June
July
August
September
October...
November
December.
1905—January...
February .
March
April
May
June
July
August
September
Checks sent to
clearing house.
Checks received
from c l e a r i n g
house.
638.26
16,864, 457.09
16,95i: 605.31
14,837; 015.53
13, 661, 875,73
14,015, 804,63
16,980, 439.45
17,691, 141.32
18,611, 973.88
23,532, 066.85
18,759, 959.89
17,778, 579.95
13,048, 733.12
19,294, 246.42
18,971, 279.66
19, 267, 076.36
14,259, 141.30
16,802, 058.84
24,187, 227.14
20,846, 527.39
15,861, 973.28
22,243, 036.82
17,200, 058.67
19.153, 408.72
14,769: 296.32
14,359: 023.10
16,936, 501.12
16,371: 135.29
16, 349, 686.83
16,786, 003.43
20,370, 851.88
16,047, 695.73
16,173, 260.82
16,426, 624.21
18,561, 487.99
20,448, 316.16
17,629, 065. 77
18,794, 219.77
19,452, 891.18
16,162, 444.79
15,584, 144.53
15,675, 064.15
21,352, 287.08
19,412, 283. 54
16,438, 641.60
24,170, 432. 36
25,032, 620.86
20,338, 506.14
19,869, 173.93
19,140, 107.08
21,783, 531.68
17,329, 814. 38
61,372, 324.61
19,214, 667.27
24, 360, 480. 60
21,814, 238.53
26.154, 253.26
29,768, 061.18
22,659, 553.19
23,393, 269.24
25,693: 779.04
21,615: 642.37
31,164: 361,29
19,920, 879,23
26,860 260.08
20,669: 148.46
27,488; 118.04
26,073, 192. 76
26,972, 086.09
$40 017, 881.27
26 835, 485.91
30 717, 942,00
47 749, 468,43
34 224, 285,77
31 795. 373,21
40 717, 247.55
62 774. 626.33
35 791. 749.99
46 517, 580,77
40 822. 581.59
36 213, 790.79
46 026, 041.39
.29 852, 211.04
27 455, 193.13
37 396, 964.47
32 737, 728.25
32 992, 921. 61
43 791, 233. 78
39 362, 348.10
38 565, 193,57
44 009. 758.77
40 686, 964.72
30 226. 938.80
41 368, 397.12
30 116, 546.02
32 155, 715.22
34 876. 284.95
30 270. 867.74
25 521, 215. 98
42 021. 604.28
31 289, 780.43
27 622. 190.04
42 679, 792.79
28 249, 797.65
29 879. 770. 59
42 866, 194. 57
27 086, 737.87
27 187. 821.09
38 575, 784.49
34 696, 911.63
31 355, 179.99
43 898, 816.26
38 489, 615.30
38 106, 006.96
48 698, 201.62
34 184, 703,28
38 733. 269.60
49 200, 686.17
44 715, 261.16
41 890, 705.64
47 787, 187,02
72 891, 013.31
38 334, 047.66
52 133, 572,23
45 654. 516.56
32 401, 519,62
45 538, 366,31
39 846,.967.94
40 310, 027.91
50 860, 166.08
36 177, 131.46
36 823, 355,33
41 531, 173.16
36 320, 575,76
38 997, 108,64
47 223, 942,71
40 694, 438.55
32 676, 093.16
FIOUSE
IN
Balances due Balances due
subtreasury. clearing house.
!, 373,218. 96
508,135.63
434, 949.13
191,695.17
140,961.15
163, 624.88
2,807,449.31
202,803.27
162,306.96
247,786.93
141,713.32
193,105.58
60,482.39
228,060.70
422, 060.06
211, 756.13
275, 785.10
644, 423.44
4, 169.87
1,032, 025.55
1,652, 184.22
1,889, 661,12
2,664, 356. 72
1,116, 056. 69
1,252, 424. 08
717.18
1,764,143.24
415,315.86
45,975.16
347,322.28
913,239.63
280.814. 54
2,042,112. 70
423,394.83
4,439,911.95
1,715,797.58
2,873, 929.05
1,089, 120.44
138, 791.49
2,504, 723.70
72, 150.29
3,187, 074.84
1,846, 370. 30
298, 435.92
2,689, 636.49
1,029, 218.17
3,423, 974,43
243,01
247.78
472,32
452.90
410.04
568.68
808.10
485.01
725.24
210.09
582.86
835.72
308,27
413.93
716.74
195.07
586.95
922.92
793.57
534.03
325.87
721.96
388.64
590.78
100,80
522,92
274.16
905.79
280.91
997.65
176,84
344.57
964.77
078.58
493.88
106, 55
485, 62
574,79
353.99
339.70
767.10
833.02
672,42
647. 61
340,51
091,54
421,96
577.90
624.94
154.07
668. 79
372.64
600. 76
380.39
889.21
277.03
196.31
425.57
414.75
550.16
109.74
639.38
068.88
293. 93
686.98
396.01
361.16
463.96
982,60
208
REPORT ON T H E FINANCES.
N o . 5 1 . — 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 JANUARY, 1900.
Month.
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 —
November .
December:.
1903—January
February ..
March
April
May
June
July
August
September.
October
November .
December..
1904—January
February ..
March
April
May
June
July
August
September.
October —
November .
December..
1906—January . . .
February ..
March
April
May
....
June
July
August
September.
Gold c o i n . U n i t e d States] T r e a s u r y
notes.
notes.
$6,650,000
12,600,000
8,300,000
$2,170,
82,
23,
19,
17,
15,
18,
23,
IV,
23,
16,
18,
24,
. 17,
20,
21,
26,
23,
24,
25,
16,
24,
20,
20,
20,
19,
21,
23,
22,
20,
28,
26,
21,
29,
22,
24,
28,
15,
19,
27,
26,
32,
22,
25,
25,
23,
16,
24,
21,
19,
23,
21,
18,
25,
21,
26,
19,
22,
22,
23,
24,
17,
14,
21,
23,
22,
16,
21,
12,
Gold
Silver
certificates, [certificates,
960,
262,
251
893
546,
764,
718,
060,
697:
154:
188:
680:
303:
348;
666,
271,453,
342,
827,
632,
880,
742,
527,
281,
579,
738,
620,
693.
899,
990,
267,
221,
359,
224,
318,
297,
873,
393,
968,
386,
086,
648,
288,
467,
688,
862,
050,
651,
362,
056,
207,
436,
940,
094,
467,
716,
102,
837,
264,
032,
647,
616;
842,
589;
283,
614,
409,
629,
115,
Total.
$33, 130,243
12, 344,248
14, 274,472
32, 912,453
20, 562,410
17, 779,569
23, 736,808
35, 083,485
17, 614,725
23, 177,210
22, 203,583
18, 598,836
32, 977,308
13, 365,414
8, 686,717
18, 292,195
18, 478,687
16, 365,923
19, 851,794
18, 657, 534
22, 896,326
21, 766,722
23, 547,388
11, 301,591
26, 599,101
15, 767,523
15, 641,274
18, 716,906
13, 921,281
9, 010,997
22, 295,176
15, 246,344
12, 380,966
26, 253,078
11, 340,493
11, 321,106
27, 901,485
9, 408,574
8, 987,353
22, 413,339
19, 112,767
15, 680,833
24, 310,672
19, 492,648
21. 713,341
24, 875,092
10, 065,422
18, 675,678
31, 373,626
26, 576,164
20, 530,569
30, 457,373
26, 958,601
19, 119,380
29, 488,889
23, 740,277
9, 121,195
16, 859,426
17, 286,415
17, 056,550
27, 671,110
14, 633,639
8, 856,069
21, 610,294
12, 306,686
18, 636,396
22, 426,361
16, 650,464
127,982
209
TEEASUREE.
No.
5 2 . — M O N T H L Y RECEIPTS FROM CUSTOMS AT THE PORT OP N E W Y O R E
PERCENTAGE OP EACH K I N D OF MONEY RECEIVED, FROM JANUARY, 1900.
Month.
Receipts.
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 . . .
November.
December.
1903—January . . ,
February.,
March
April
May
June
July
August
September.
October
November
December
1904—January..
February.
March
April
May
June
July
August
September
October ..
November
December
1905—January . .
February..
March
April
May
June
July
August...
September
H . DOC.
$14,807,667
.13,477,192
13,914,202
11,891,826
10,698, 357
n , 324, 975
13,434,985
12,464,639
11,792,052
13,413,613
11,846,42^
12,444,501
14,890,02^
12,591,569
12,892,441
12,692,915
13,284,126
11,226,278
14,161,128
13,158,807
13,000,471
15,710,110
12,846,422
14,401,610
14,646,929
14,042,171
14,428,786
13,561,698
12,863,401
12,632,308
16,922,111
16,227,299
16,946,709
17,236,696
14,454,519
16,911,502
15,611,978
13,813,215
16,271,660
13,389,932
12,400,003
12,664,440
16,685,629
16,169,108
16,291,421
14,356,64^
13,131,412
13,279,319
14,710,710
14,501,720
14,912,389
13,106,388
12,107,546
13,312,896
12,988,656
16,012,690
14,903,850
15,813,102.
14,498,000
13,935,858
15,782,268
14,592,654
15,780,585
12,528,176
12,774,440
13,139,722
14,521,476
17,390,608
17,026,232
9, 59—1-
-14
Gold
coin.
Silver
coin.
United
States
notes.
Treasury
- notes.
P e r cent. P e r cent. P e r cent. P e r cent.
0.0
. 5.5
0.0
3,0
0.0
4.0
0.0
3,2
0.0
6.6
0.0
2.6
0.0
4.6
0.0
5.1
0.0
2.9
0.0
4.1
0.0
3.3
0.0
4.4
0.0
L8
0.0
6,3
0.0
3,1
0.(
11.3
0.0
3.7
0.(
9,6 1
0.0
2.6
O.C
6,9 1
0.0
2.5
0.(
6,1
0.0
2.9
6,1
0.0
0.0
4.^
0.0
8,^
0.0
7.1
7.6
0.0
0.0
8.4
O.C
9,6
0.0
3.9
0,0
9.3
0.0
5.0
0,0
5,5
0.0
3.2
6,6
0.1
4.3
0.0
3,1
6,2
O.C
3,5
•
o
.r
4,7
0.2
3,6
0.6
2,2
0,0
2,1
0.0
L7
0,0
2.3
0,0
6,2
0.0
2,6
0,0
0,2
0.0
5,9
0.0
1,6
0,0
4.3
0.0
0,2
0,0
2.1
0.0
0.2
0,Ci
2.1
0.0
1,6
0,0
2.2
0.0
0,2
0,0
L8
0.0
0,2
0,0
L3
0.0
0.6
0,0
L3
0.0
19,0
0,0
L2
0.0
0,3
0,0
1.2
0.0
3.2
0,0
Ll
0.0
4.8
0,0
LO 1
0.0
2.3
0.0
3.4 1
0.0
L2
0.0
0.9
0.0
2.3
0,0
0.7
0.0
4.2
0,0
L9
0.0
3.0
0.0
L2
0.0
1.1
0.0
LlH
0.0
0.7
O.C
0.8
0.0
0.4
0,0
0.6
0.0
0.6
0,0
0,4
0.0
1.7
0.4
0.0
0.6
0.0
0 6
0.0
0.8
0,0
0.4
0,0
LO
0.0
L6
0.0
2.3
0.0
0.4
0.0
20.0
0.2
• L2 j
0,0
1.6
0.0
L6
0,0
1.8
0.0
L6
0,0
0.9
0,0
0.7
0,0
0.8
0.0
0.6
0,0
0.6
0,0
0.8
0.0
3.0
0,0
0.6
0,0
1,8
0.0
0.6
0.0
0.4
0.0
0,6
0.0
3.8
0,0
4,1
0.0
Ll
0.0
1,3
0.0
Ll
0.0
0,6
0.0
0,9
0.0
0,6
0.0
L3
0.0
L5
0.0
1.4
0.0
0.7
0.0
0.7
0.0
0.6
0.0
L2
0.0
0,6
0.0
0.6
0.0
0,4
0.0
3.5
0.0
0.4
0.0
o,c
o.v
•GoMcertificates.
AND
"Silver'
certificates.
Per cent. P e r cent- -'
76. b
16.0
65.5
27.3
7L5
19.4
82.5
7.8
78.2
14.8
76.3
17.0
78.5
13.4
73.5
12.1
82.8
3.9
88,2
2.4
88,5
3.9
88.9
3.1
76.9
9.9
79,9
5.4
77.1
4.9
83.4
3.4
84,6
4.9
84,2
6.0
89,8
2.7
86.4
3.8
88.6
2.3
93,1
2.692.5
3.6
87.3
6.0
85.8
8.1
89,7
4.6
96,7
1.0
97,1
0.6
94,4
1.8
97,3
0.7
97.9
0.6
97.6
0.6
79.3
0.5
98.0
0.6
95.2
0.6
93.7
0.6
93.7
0.'6
97,4
0.6
96.6
0.4
93.4
0.6
95.3
0.6
97.3
0.6
98.1
• 0.4
98.7
0.3
98.6
0,4
97.4
0.5
98.3
0.6
98.2
0.6
97.1
0.4
96.7
0.6
78.0
. 0,6
96.2
0,7
96.7
0,9
97.7
0.7
97.9
0.7
98.1
0,6
95,9
0.6
97,0
0.7
98.5
0.6
91.6
• 0.6
97,1
0.6
98,0
0.4
98.2
0.4
96.7
0.6
97.3
0.6
98.3
0.5
97.9
0.4
98.6
,0.4
95.7
0,4
210
No.
EEPORT ON T H E FINANCES.
53.—STATEMENT OF THE SILVER COIN PRESENTED FOR EXCHANGE OR REDEMP-
TION SINCE JULY 1,
1894.
S t a n d a r d silver dollars.
•
F i s c a l year—
Subsidiary
silver coin.
Total,
•
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1906
.
.
.
. Total
No.
...
.
. . . .
...
$23,627,760
$33,558,217
24,891,108
36,848,871
25,628,178
38,978,386
25,814,975
32,666,628
28,779,040
33,099,499
32,298,566
36,396, 371
39,724,921 • 37,268,885
39,Oil,630
43,116,015
40,969,244
41,640,659
46,376,137
46,098,314
48,495,696
47,407,149
$57,185,967
60,739,979
64,606 564
68,381,603
61,878,539
68,694,937
76,993,806
82,126, 645
82,699,903
92,473,451
96,902,746
475,212,387
1,036,478,337
561,266,950
5 4 . — S H I P M E N T S OF SILVER COIN FROM EACH OFFICE OP THE TREASURY AND
MINTS, FROM JULY 1, 1885.
D u r i n g fiscal y e a r 1905,
T o t a l to J u n e
30, 1904.
Office.
Standard
dollars.
T o t a l to J u n e
30, 1906.
Subsidiary
silver.
T o t a l for y e a r .
$1,035,590,90
624,406,00
1,323,400.00
4,930,273.00
1,976,690.60
1,490,255.00
6,221,908.30
. 2,591,223.20
2,163,055,c00
3,591, 800.80
$2,750,610.90
922,705.00
2,784,400.00
16,053,276.00
6,384,064.60
13,089,705.00
6,748,407.30
4,645,715.20
4,381,056.00
13,080,298.80
$30,128,699. 64
9,101,153.38
66,826,650.65
186,368,427.43
86,054,379.11
107,599,367.07
86,371, 998.44
61,809,953,16
62,103,161,25
138,929,065.38
TREASURY.
Washington
Baltimore
Boston
Chicago
Cincinnati
New Orleans
New York
Philadelphia
San Francisco
St. L o u i s
•.
$27,378,088,74 $1,715,020
8,178,448,38
398,300
63,041,150.65
1,461,000
170,315,151,43 10,123,003
79,670,314,51
4,407,374
94,609,652,07 11,599,450
79,623,591,14
1,526,499
57,264,237.96- 1,954,492
47,722,096.25
2,228,000
9,488,498
125,848,766.68
MINTS.
Carson
New Orleans ..
Philadelphia
San Francisco
663,630.00
68;683,191.70
28,176,170.93
7,624,490.00
87,110
1,127,095.00
1,640,488.00
1,127,095,00
1,727,598,00
, 653,630,00
69,810,286.70
29,903,768.93
7,624,490.00
Total
858,688,980.34
44,988,746
27,606,184.80
72,694,930.80
931,283,911,14
No.
5 5 . — S H I P M E N T S OF SILVER COIN FROM THE TREASURY OFFICES AND MI-NTS
DURING EACH FISCAL Y E A R PROM 1895, AND CHARGES THEREON FOR TRANSPORTATION.
Fiscal year.
1896.
1896.
1897.
1898,
1899.
1900.
1901.
1902
1903.
1904
1906
Standard
dollars.
Subsidiary
silver.
Total.
$27,155,466.80 $11,886,117,47 $39,040,584.27
28,412,300.35
12,458,107. 03 40,870,407.38
41,629,990.39
29,600,035.10 12,029,955.29
33,270,610,00
16,330,205,24 48,600,816.24
50,323,798.65
33,306,262.00 L7,018,636,65
56,992,694,36
36,284, 91.80
19,707,902.65
59,413,666,86
38,338,519.00
21,075,146.85
62,276,284,36
40,404,325.00 21,871,959.35
65,294,598,65
41,182,154.00 24,112,444.66
41,032,715,00
24,382,947.90 6c, 415,662.90
44,988,746.00 27,606,184.80 72,594,930.80
Charges.'
78,756.54
81,526.24
110,065,63
111,741,61
125,969,37
125,742.99'
124,003,65
132,265.06
126,359.81
137,6n. 01
Rate per
$1,000,
$2.01
1.93
L96
2.26
2,22
2,25
2.12
1.99
2.03
L93
L90
211
TREASURER.
N o .
5^.—BALANCE
OFFICES,
YEAR
END
AND
FROM
OF EACH
IN THE TREASURY OF THE UNITED
AMOUNT
THE
IN
DEPOSITARY
ADOPTION
FISCAL
YEAR
OF
THE
BANKS,
THEREAFTER
TO
STATES;
AMOUNT IN
AT T H E E N D
CONSTITUTION
I N 1789
OP
EACH
T O 1842,
1905.
B a l a n c e i n t h e T r e a s u r y , ct
Date,
1789—December 3 1 . .
1790—March 31
J u n e 30
S e p t e m b e r 30 .
December 3 1 . .
1791—June 30
S e p t e m b e r 30 .
December 3 1 . .
1792—March 31
J u n e 30
S e p t e m b e r 30 .
December 3 1 . .
1793—March 31
J u n e 30
December 3 1 . .
1794—December 3 1 . .
1796—December 3 1 . .
1796—Deceniber 3 1 . .
1797—December 3 1 . .
1798—December 3 1 . .
1799—December 3 1 . .
1800—December 3 1 . .
1801—December 3 1 . .
1802—December 3 1 . .
1803—December 3 1 . .
1804—December 3 1 . .
1805—December 3 1 . .
1806—December 3 1 . .
1807—December 3 1 . .
1808—December 3 1 . .
1809—December 3 1 . .
1810—December 3 1 . .
1811—December 3 1 . .
1812—December 3 1 . .
1813—December 3 1 . .
1814—December 3 1 . .
1815—December 3 1 . .
1816—December 3 1 . .
1817—December 3 1 . .
1818—December 3 1 . .
1819—December 3 1 . .
1820—December 3 1 . .
1821—December 3 1 . .
1822—December 3 1 . .
1823—December 3 1 . .
1824—December 3 1 . .
1825—December 3 1 . .
1826—December 3 1 . .
1827—December 3 1 . .
1828—December 3 1 . .
1829—December 31 . .
1830—December 3 1 . .
1831—December 3 1 . .
1832—December 3 1 . .
1833—December 3 1 . .
1834—December 3 1 . .
1835—December 3 1 . .
1836—December 3 1 . .
1837—December 3 1 . .
1838—December 3 1 . .
1839-December 3 1 . .
1840—December 3 1 . .
1841—December 3 1 . .
1842—December 3 1 . .
1843—June 30
1844—June 30
1845—June 30
1846—June 30
I n Treasury
offices.
$10,490. 54
232.14
700,000.00
1,026,610.63
1,268,827.62
691,097.04
1,414,029.62
205,330.74
380,199.04
669,889.11
390,199.04
725,199.04
768,000.00
a T h i s s t a t e m e n t is m a d e f r o m w a r r a n t s p a i d b y t h e
a n d by w a r r a n t s issued after t h a t d a t e .
& T h e u n a v a i l a b l e f u n d s a r e n o t i n c l u d e d from a n d
c T h e a m o u n t deposited w i t h t h e States u n d e r act
c o n t r o l of t h e T r e a s u r y D e p a r t m e n t b y t h e a c t of Oct.
TREASURY
CALENDAR
AND AT THE
In depositary
banks.
239.61
60, 613.14
165, 320.23
349, 670.23
670: 023.80
. 671: 699.00
679: 679.99
973: 9Ci5,76
75i: 377,34
623: 133,61
420: 914.61
783; 212.37
1,035, 973.09
661 436.33
763: 661.69
1,151 924.17
616: 442.61
888; 995.42
1,021, 899.04
617 451.43
2,16i: 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: 276.67
3,602; 305,80
3,862, 217,41
6,196, 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
4,193; 690, 68
9,431 353,20
1,887; 799,80
5,296, 306,74
6,342, 289,48
6,649, 604,31
6,965, 974.27
4,362: 770,76
4,76i: 409.34
3,063: 513,24
911; 863.16
10,658, 283.61
7,861. 093.60
25,729: 315,72
45,056: 833.64
5,779: 343.01
5,364: 887.61
3,992; 319.44
290, 532.18
170; 361,73
1,699, 709.09
10,525, 267.10
8,222, 661.19
7,385, 450.82
8,916;
Total,
60,
155,
349
670;
682,
679:
973:
751:
623;
420,
783,
., 035:
56i:
753:
,151:
516.
888
,021
617
161:
623:
295:
020:
825;
037,
999:
538:
643;
941
848
672,
502,
862,
196,
727
106,
033,
989,
478,
079,
198,
681
193,
431,
887,
296,
342,
649;
965,
362,
761
063:
911,
658,
86I:
729:
756,
804,
633,
683;
704,
375:
079:
195:
612,
110:
683; 869.83
Number
of
depositary
banks.-
14
16
15
94
'29
58
55
58
60
69
69
56
40
40
42
41
62
50
44
91
64
43
27
11
19
26
30
34
43
49
T r e a s u r e r of t h e U n i t e d S t a t e s t o D e c . 31,1821,
after t h i s d a t e .
of J u n e 23, 1836, h a v i n g b e e n t a k e n o u t of t h e
2,1837, is n o t i n c l u d e d f r o m a n d a f t e r t h i s d a t e .
212
REPORT ON T H E FINANCES.
N o . 5 6 . — B A L A N C E IN THE TREASURY OP THE UNITED STATES, AMOUNT IN TREASURY
.. OFFICES, AND AMOUNT IN DEPOSITARY BANKS, ETC;—Continued.
Balance in the Treasury.
• Date.
1847—June 30 .
1848—June 30 .
1849—June 30 .
1860—June 30 .
1861—June 30 .
1862—June 30 .
1853—June 30 .
1864—June 30 .
1866—June 30 .
1856—June 30 .
1867—June 30 .
1858—June 30 .
1869—June 30 .
1860—June 30 .
1861—June 30 .
1862—June 30 .
1863—June 30 .
1864—June 30 .
1866—June 30 .
1866—June 30 .
1867—June 30 .
1868—June 30 :
1869—June 30 .
1870—June 30 .
1871—June 30 .
1872—June 30 .
1873—June 30 .
1874—June 30 .
1876—June 30 .
1876—June 30 .
1877—June 30 .
1878—June 30 .
1879--June 30 .
1880—June 30 .
1881—June 30 .
1882—June 30 .
1883—June 30 .
1884—June 30 .
1886—June 30 .
1886—June 30 .
1887—June 30 .
1888—Jun€ 30 .
1889—June 30 .
1890—June 30 .
1891—June 30 .
1892—June 30 .
1893—June 30 .
1894r-June 30 .
1896—June 30 .
1896—June 30 .
1897—June 30 .
1898—June 30 .
1899—June 30 .
1900—lune 30 .
1901—June 30 .
1902—June 30 .
1903—June 30 .
1904—June 30 .
1906—June 30 .
I n Treasury
offices.
$6,446,382.16
758, 332.15
'3,208; 822.43
7,431,022.72
12,142,193.97
15,097,880.36
22,286,462.49
20,300,636.61
19,629,841.06
20,304,844.78
18,218,770.40
6,698,157.91
4,685,626.04
3,931,287.72
2,005,285.24
18,265,984.84
8,395,443.73
72,022,019.71
5,346,955.56
101,844,867.12
125,813,153.53
86, 631, 229.20
111,576,414.43
102,521,920.67
82,607,293.41
60,872,563.46
49,194,276.53
64,723,630.48
61,712. 042.19
51,427:414.23
84,394;007.01
130,570,578.15
159,020,734. 90
160,628,170.50
173,974,146. 61
152,941,618.24
151,579,255.91
164,557,552.96
171,851,780.21
218,277,107.25
188,625,383.03
189,395,440.65
167,646,333,23
164,061,481.40
135,448,137,33
118,728,662.52
114,862,278,94
108,462,220,55
185,369,687.37
268,221,832.66
232,304,043.90
176,438,942,32
214,193, 189.26
214,206: 233.65
234,964: 115.04245,046;797.03
248,685,097.53
217,591,929. 67
230,674,025.59
In depositary
banks.
756.39
36,073,353.73
34,298,320.64
25,208,353.78
22,779,797.62
8,697,927.34
8,206,180.34
6,919,745.59
12,501,595.08
7,233,551.11
7,435,966.69
11,562,679.52
7,520,194.76
7,299,999.28
46,928,268. 56
208,033,840.24
7,771,233.90
8,704,830.83
9,381,712,90
9,803,381. 79
10,488 827.63
10,770 579,96
13,822,070.80
18,975,315,41
54,698,728,36
43,090,760. 53
26,779,703.32
21,399,689,16
10,450,130,01
9, 962,626,00
10,423,767.61
10,978,605.80
11,415,474.42
12,162,158.05
33,843,700.81
70,296,326,94
92,621,371,72
93,442,683.09
117,141,564.13
140,001,016.70
104,459,638.46
64,803,466.30
Total,
$5,446, 382.16
758, 332.15
208, 822.43
7: 431, 022.72
12: 142, 193.97
15, 097, 880.36
22, 286, 462.49
20, 300, 636.61
19, 529, 841.06
20, 304, 844. 78
18, 218, 770,40
6, 698, 157.91
4. 685, 625.04
3 931, 287.72
2: 005, 285.24
1.8: 265, 984.84
8 395, 443.73
112; 002. 776.10
41, 420, 309.29
136: 143, 187.66
i5i: 021, 507.31
109: 411, 026.82
120: 174, 341.77
110: 728, 1.01.01
89: 527, 039.00
73: 374, 158,54
66: 427, 827,64
72: 159, 597.17
63: 274, 721.71
58: 947, 608.99
9i: 694, 006.29
177: 498, 846.71
367; 054, 675.14
168, 299, 404.40
.182, 678, 977.44
162, 323. 331.14
I6I: 382, 637.70
165: 046, 380. 59
I82: 622, 360.17
232; 099, 178.05
207, 600, 698.44
244, 094, 169.01
210, 737, 083.76
190, 841, 184.72
156, 847, 826.49
129, 178, 792.63
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, 606.37
328, 406, 798.13
362, 187: 361.16
388, 686: 114.23
322, O6I: 668.02
295, 477: 491.89
Number
of
depositary
banks.
204
330
382
385
370
276
148
159
163
158
154
145
143
145
124
127
131
130
134
140
135
132
160
200
290
270
206
185
159
160
155
160
160
168
172
357
442
448
677
713
842
837
r
213
TREASURER.
No.
5 7 . — N A T I O N A L B A N K S D E S I G N A T E D AS D E P O S I T A R I E S O P P U B L I C M O N E Y S ,
THE B A L A N C E H E L D B Y E A C H S E P T E M B E R 30, 1905.
Title of bank.'
To the credit
of the Treasurer of the
United States
and United
States disbursing officers.
Alabama.
Georgia.
$50,000.00
46,140.06
48,578.53
Alaska.
75,000.00
Arizona.
Prescott National Bank, Prescott..
Consolidated National Bank, Tucson......'
50,000.00
California.
First National Bank, Eureka
Los Angeles National Bank, Los
Angeles
•
National Bank of D. 0. Mills & Co.,
Sacramento
First National Bank, San Francisco
American National Bank, San
Francisco
Crocker-Woolworth National Bank
San Francisco
'
San Francisco National Bank, San
Francisco
Wells, Fargo—Nevada National
Bank, San Francisco
Colorado.
First National Bank, Denver
Colorado National Bank, Denver..
Denver National Bank, Denver
First National Bank, Durango
First National Bank, Montrose
First National Bank, Pueblo
Connecticut.
First National Bank, Bridgeport...
Charter Oak National Bank, Hartford
Second National Bank, New
Haven
National Bank of Commerce, New
London ..'
Thames National Bank, Norwich..
Delaivare.
First National Bank, Wilmington .
District of Columbia.
Central National Bank, Washington
'..'.
Florida.
Atlantic National Bank, Jacksonville
•.
National Bank of Jacksonville,
Jacksonville
American National Bank, Pensacola
First National Bank, Tampa
Atlanta National Bank, Atlanta...
.Lowry National Bank, Atlanta
Merchants' National Bank, Savannah
$83,899.39
214,466.06
138i865.71
Hawaii.
First National Bank, Juneau
Arkansas.
Exchange National Bank, Little
Rock
:
To the credit
of the Treasurer of the
United States
and United
States disbursing officers.
REGULAR DEPOSITARIES—cont'd.
REGULAR DEPOSITARIES,
< First National Bank, Birmingham.
Merchants and Planters'—Farley
National Bank, Montgomery
City National Bank, Tuscaloosa . . .
Title of bank.
WITH
49,945.73
80,019.51
49,888.47
147,170.01
50,302.25
202,845.60
149,596.50
100,595.00
200,000.00
200,000.00
407,054.06
378,932.19
291,169.45
50,000.00
50,000.00
89,476.31
First National Bank of Hawaii,
Honolulu
Idaho.
First National Bank, Blackfoot
Boise City National Bank, Boise...
Indiana.
85,504.67
Old State National Bank, Evansville .,
First National Bank, Hammond..,
American National Bank, Indianapolis
Capital National Bank, Indianapolis
,
Indiana National Bank, Indianapolis
,
Merchants' National Bank, Indianapolis
People's National Bank, Lawrenceburg
,
Marion National Bank, Marion
Citizens' National Bank, South
Bend
:
First National Bank, Vincennes..,
German National Bank, Vincennes
52,000.00
49,978.00
48,866. l9
543,169.86
52,159.96
18,610.33
104,085.00
Illinois.
First National Bank, Chicago
Corn Exchange National Bank,
Chicago
'
Fort Dearborn National Bank,
Chicago
Hamilton National Bank, Chicago.
Danville National Bank, Danville.
Milikin National Bank, Decatur ..
Southern Illinois National Bank,
East St. Louis
Farmers' National Bank, Pekin
German-American National Bank,
Pekin
First National Bank, Peoria
,
Central National Bank, Peoria
Commercial-German ISI a t i o n a I
Bank, Peoria
Illinois National Bank, Peoria
Merchants' National Bank, Peoria,
Peoria National Bank, Peoria
Ricker National Bank, Quincy . . . .
Rock Island National Bank, Rock
Island
;
First National Bank, Springfield ..
Illinois National Bank, Springfield.
State National Bank, Springfield..
47,763.41
49,962. 45
181,917.33
76,043.48
Indian Territory.
76,000.00
148,781.80
Commercial National Bank, Muskogee
450,000.00
495,626.13
60,000.00
46,000,00
140,532,49
59, 433,83
70,000.00
200,000,00
200,000, 00
310,000.00
285,000.00
800,000,00
475,000,00
477,622,26 .
422,034,19
50,000.00
50,000.00
59,685.39
60,000.00
70,133.18
49,361.28
150,091.26
250,018.93
160,000.00
524,137.39
250,000.00
150,000.00
26,040.00
52,000.00
50,000,00
60,000,00
46,369.76
^
214
REPORT ON T H E EINANCES.
N o . 5 7 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS, WITH
THE BALANCE H E L D BY EACH SEPTEMBER 30, 1905—Continued.
Title of bank.
To the credit
of the Treasurer of the
United States
and United
States disbursing officers.
REGULAR DEPOSITARIES—cont'd.
REGULAR DEPOSITARIES—cont'd.
loiva.
First National Bank, Burlington...
City National Bank, Clinton
First National Bank, Council Bluffs
First National Bank. Davenport...
Citizens' National Bank, DaA'enport
Citizens' National Bank; Des
Moines
Iowa National Bank. Des Moines..
Valley National Bank, Des Moines.
Second National Bank, Dubuque..
First National Bank, Ottumwa
First National Bank, Sioux C i t y . . .
Security National Bank, Sioux City.
Kansas.
Lawrence National Bank, Lawrence
First National Bank, Leavenworth
Leavenworth Nation al B a n k,
Leavenworth
Fourth NationalBank, Wichita
Kentucky.
Carrollton National Bank, Carrollton
First National Bank, Covington
Citizens' National Bank, Covington
Farmers' National Bank, Danville.
State National Bank, F r a n k f o r t . . .
Lexington City National Bank,
Lexington
First National Bank, Louisville . . .
Third National Bank, Louisville . .
American National Bank, Louisville
Citizens' National Bank, Louisville
Southern National Bank, Louisville
Union National Bank, Louisville..
State National Bank, Maysville . . .
First National Bank, Owensboro..
National Deposit Bank, Owensboro
Louisiana.
New Orleans National Bank, New
Orleans
Whitney-Central National Bank,
New Orleans
.
Maine.
Granite National Bank, Augusta..
First National Bank, Bangor
Portland National Bank, Portland
Maryland.'
Merchants' National Bank, Baltimore
National Exchange Bank, Baltimore
National Mechanics' Bank, Baltimore
Second. National Bank, Cumberland
Title of bank.
To the credit
of the Treasurer of the
United States
and United
States disbursing officers.
Massachusetts.
$50,000.00
25,000.00
49,000. 00
50,000.00
74,959.43
72,622.61
193,803.71
62,945.00
69,352.16
60,000.00
60,000.00
49,764. 96
49,979. 64
150,412. 82
146,314.81
30,000.00
53,000.00
98,443.00
100,000.00
80,185.20
50,000.00
106,000. 00
196,912.77
26,527.27
400,000,00
199,793.90
201,000. 00
345,505.45
50,000,00
100,268.43
99,942.80
66,896.83
238,330.87
99,168,13
50,000,00
96,015,56
Merchants' National Bank, Boston.
National Shawmut Bank, Boston..
Mechanics' National Bank, New
Bedford
Third National Bank, Springfield..
$178,825.73
782,973.04
50,000.00
60,000.00
Michigan.
Central National Bank, Battle
Creek
First National Bank, Detroit
Commercial National Bank, Detroit
,
Old Detroit National Bank, Detroit
Fourth National Bank, Grand
Rapids
Miners' National Bank, Ishpeming.
First National Bank, Marquette...
First NationalBank, Menominee..
Second National Bank, Saginaw ..
21,460.39
285,005.39
175,000.00
131,000.00
99,093.41
60,000,00
48,274,42
50,000,00
120, 000.00
Minnesota.
First National Bank, Duluth
First National Bank, Minneapolis,
First National Bank, St. Paul
,
Second National Bank, St. P a u l . .
99,326.79
173,308. 38
299,849. 75
374,631.75
MississipjiiFirst National Bank, Vicksburg . .
49,876,00
Missouo'i.
First National Bank, Kansas City.
American National Bank, Kansas
City
National Bank of Commerce, Kansas City
First National Bank of Buchanan
County, St, Joseph
National Bank of St. Joseph, St.
Joseph
Merchants-Laclede National Bank,
St, Louis
National Bank of Commerce, St,
Louis
State National Bank, St. Louis
100,000,00
79,410,22
280,000.00
94,606.92
66,995,04
200.750.00
435,000,00
205,697.88
Montana.
First National Bank, B u t t e . . .
First National Bank, Great Falls .
American National Bank, Helena
National Bank of Montana, Helena
Conrad National Bank, KalispelL
State National Bank, Miles City . .
52,000.00
49,861.87
87,915. 33
149.519.50
50; 000.00
49,620,77
Nebraska.
94,025.40
200,000,00
213,120. 55
125,977.30
First National Bank, Lincoln
First National Bank, Omaha
Merchants' NationalBank, Omaha.
Nebraska National Bank, Omaha .
Omaha National Bank, O m a h a —
United States National Bank,
Omaha
,
49,998,39
197,886.61
70,000,00
146,905,99
399,678.36
90,796.82
215
TREASURER.
N o . 5 7 . -NATIONAL BANKS DESIGNATED AS DEPOSITARIES OF PUBLIC MONEYS, WITH
THE BALANCE H E L D BY EACH SEPTEMBER 30, 1905—Continued.
Title of bank.
To the credit
of the Treasurer of the
United States
and United
States disbursing officers.
REGULAR DEPOSITAIIIES-cont'd,
REGULAR DEPOSITARIES—cont'd.
Neio Hampshire.
First National Bank, Concord
Manchester National Bank, Manchester.
First National Bank, Portsmouth..
New,., Hampshire National Bank,
Portsmouth
Ohio.
$60,229.22
100,000.00
140,435.19
52,000.00
Neiu Jersey.
First National Bank, Jersey City..
Union National Bank, Newark
First National Bank, Paterson
Paterson NationalBank, Paterson.
First National Bank, Trenton
160,000,00
76,463,98
70,000,00
60,000,00
99,284, 89
Neu) Mexico.
First National Bank, Albuquerque.
First National Bank, Santa Fe
97,457,62
48,437.38
New York.
National Commercial Bank, Albany
National Exchange Bank, Albany.
First National Bank, Binghamton.
Nassau National Bank, Brooklyn..
Third National Bank, Buffalo
Marine National Bank, Buffalo
Second National Bank, Elmira
Citizens' Central National Bank,
New York
Hanover National Bank, New York.
Liberty National Bank, New York.
National Bank of Commerce, New
York
National City Bank, New York
New Amsterdam National Bank,
New York
Seaboard National Bank, New York.
First National Bank, Oswego
Westchester County National Bank,
Peekskill
Plattsburg National Bank, Plattsburg
Flour City National Bank, Rochester
Traders' National Bank, Rochester.
Third National Bank, Syracuse
Manufacturers' National Bank,
Troy
Second National Bank, Utica
90,000.00
90,000. 00
49,916.87
197,966. 70
160,000.00
140,000.00
49,677. 76
338,416.23
1,185,562.50
100,000.00
1,032,995. 60
2,895,000.00
112,000.00
45,000.00
99,582. 28
150,000. 00
44,384.99
77,576. 98
78,000.00
62,264.83
75,000. 00
50,080. 00
North Carolina.
Blue Ridge National Bank, Asheville
Commercial National Baiik, Charlotte
First National Bank, Durham
City National Bank, Greensboro...
Citizens' National Bank, Raleigh..
People's National Bank, Winston..
80,000. 00
52,000.00
50,000. 00
51,411.27
60,037.27
60,000.00
North Dakota.
First National Bank, Bismarck
First National Bank, Fargo
Second National Bank, Minot
Title of bank.
To the credit
of the Treasurer of the
United States
and United
States disbursing officers.
60,000. 00
105,000.00
50,000.00
First National Bank, Chillicothe .
First National Bank, Cincinnati..
Third National Bank, Cincinnati.
Fourth National Bank, Cincinnati
Fifth National Bank, Cincinnati.,
Citizens' National Bank, Cincinnati
Bank of Commerce, National Association, Cleveland
Deshler National Bank, Columbus
Hayden-Clinton National Bank,
Columbus
Third National Bank, Dayton
Second National Bank, Hamilton..
Miami Valley National Bank, Hamilton
Merchants' National Bank, Middletown
•.
First National Bank, Toledo...
Second National Bank, Toledo . . . .
Troy National Bank, Troy
$94,992.99
445,000,00
249,970.36
260,000,00
100,000.00
.250,000.00
140,000.00
197,806.60
'100,000.00
169,096. 83
60,000.00
60,000.00
62; 000.00
49,201. 92
7,9,479.99
5a, 000.00
Oklahoma.
Guthrie National Bank, Guthrie...
Western National Bank, Oklahoma City
60,000.00
200,000.00
Oregon.
First National Bank, Portland
Merchants' National Bank, Portland
United States National Bank, Portland
799,062,40
149,911.66
70,000.00
Pennsylvania.
First National Bank, Altoona
,
First National Bank, Erie
First National Bank, Harrisburg ..
Conestoga National Bank, Lancaster
New First National Bank, Meadville
First National Bank, Philadelphia
i
Corn Exchange National Bank,
Philadelphia.
Merchants' National Bank, Philadelphia
Quaker City National Bank, Philadelphia
Second National Bank, Pittsburg.,
Mellon National Bank, Pitt.sburg.,
First National Bank, Reading
Third National Bank; Scranton ..,
First National Bank, Wilkes-Barre,
First National Bank, York
49,000.00
49,78L37
90,000.00
80,320.44
60,000.00
20,000.00
200,478.59
.421,256.08
110,000.00
200,000.00
400,000.00
80,000.00
109,905.86
50,000.00
50,000.00
Rhode Islaiul.
Aquidneck National Bank, Newport
Merchants' National Bank, Providence
50,000.00
49, 992,26
216
No.
REPORT ON T H E FINANCES.
5 7 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITORIES OF PUBLIC MONEYS, WITH
THE BALANCE H E L D BY EACH SEPTEMBER 30, 1905.—Continued.
To the credit
of the Treasurer of the
United States
and United
States disbursing officers.
Title of bank.
REGULAR DEPOSITARIES—cont'd.
Fir^wm—Continued.
\
First National Bank, Charleston ..
Carolina National Bank, Columbia.
National Union Bank, Rockhill..
SouthDakota.
Bank, AberDeadwood . .
Huron
Rapid City .
Bank, Sioux
$106,396.71
48,962,15
36,816.77
62,068.89
62,000.00
17,304, 61
50,000.00
50,167,81
Tennessee.
First National Bank, Bristol
First National Bank, Chattanooga.
Manufacturers' National Banlc,
Harriman
,
Unaka National Bank, Johnson
•""City
Title of bank.
REGULAR DEPOSITARIES—cont'd.
South Carolina.
Aberdeen National
deen •
First National Bank,
First National Bank,
First National Bank,
Minnehaha National
Falls
To the credit
of the Treasurer of the
United States
and United
States disbursing officers.
•....'....•.
East Tennessee National Bank,
Knoxville
,
Holston National Bank, Knoxville.
First National Bank, Memphis
First National Bank, Nashville
Merchants' National Bank, Nashville
First National Bank, Tullahoma..,
66,000,00
116.632.68
45,200,00
11,245,42
50,882,77
60,000,00
191,166,77
149.564.69
77,708.56
49,900.28
National Bank of Commerce, Norfolk
:
Norfolk National Bank, Norfolk..
Virginia National Bank, Petersburg
American National Bank, Richmond
Merchants' National Bank, Richmond
$335,052.29
597,348. 38
25,000.00
100,000.00
171,489.03
Washington.
First National Bank.,NorthY'akima
National Bank of C o m m e r c e ,
Seattle
Seattle National Bank, Seattle
Washington N a t i o n a l B a n k ,
Seattle
Exchange National Bank, Spokane
National Bank of Commerce, Tacoma
48,419.99
224,953.92
497,027.48
526,216.10
• 74,860.93
90,000.00
West Virginia.
Citizens' National Bank, Charleston
Old National Bank, Martinsburg..
First National Bank, Parkersburg.
National Exchange Bank, Wheel
ing
46,016.38
60,105,00
60,000.00
100,000.00
• Texas.
Austin Natiohal Bank, Austin
American Exchange
National
Bank, Dallas.
City National Bank, Dallas
First National Bank,.El Paso
South Texas National Bank, Hous. ton
San Antonio National Bank, San
. .Antonio
Merchants and Planters' National
. .Bank, Sherman
Citizens' National Bank, Waco
60,588,17
179,761,33
89,257,89
80,836.50
55,000.00
124,526.13
61,689,32
50,000.00
Utah. •
First National Bank, Ogden
. Utah National Bank, Ogden
Deseret National Bank, Salt Lake
; .City..
National Bank of the Republic,
.' Salt Lake City
•
, .;'. '-
49,428.00
40,116.87
64,433.43
149,60L81
Vermont.
Merchants' National Bank, Burlington
60,000.00
50,000.00
50,000. 00
49,350.24
345,575.83
199,825.05
141,113.04
50,068.23
Wyoming.
First National Bank, Cheyenne
Stock Growers' National Bank,
Cheyenne
50,000.00
49,254.76
ADDITIONAL DEPOSITARIES.
Philippine Islands.
99,161.07
Virginia.
First National Bank, Abingdon
First National Bank, Alexandria..
First National Bank, Danville
Lynchburg National Bank, Lynchburg
Wisconsin.
Ashland National Bank, Ashland.
Kellogg National Bank, Greenbay
Natibnal Bank of La Crosse, La
Crosse
First National Bank, Madison
First National Bank Milwaukee...
National Exchange Bank, Milwaukee
Wisconsin National Bank, Milwaukee
•.
Old National Bank, Oshkosh
16,000.00
61,372.21
60,000.00
76,000.00
Treasury of the Philippine Islands,
Manila
3,422,038.62
Porto Eico. American Colonial Bank of Porto
Rico, San Juan.
Total......
244,693.92
;......'..:. 46,056,365.(53
217
TREASURER.
N o . 5 7 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OF-PUBLIC MONEYS, WITH
THE BALANCE H E L D BY EACH SEPTEMBER 30, 1905—Continued.
T i t l e of b a n k .
To t h e credit
of t h e T r e a s u r e r of t h e
United
States.
Alabama.
Illinois.
$16,000.00
16,000.00
45,000,00
California.
F i r s t N a t i o n a l B a n k , Los A n g e l e s . .
Citizens' N a t i o n a l B a n k , Los A n geles
Merchants' National Bank, Los
Angeles
.'
First National Bank, Oakland
First National Bank, Pomona
First National Bank, Riverside
F i r s t N a t i o n a l B a n k , S a n Diego
Western N a t i o n a l B a n k , San Francisco
First National Bank, San Jose
46,000,00
16,000,00
25,000.00
15,000.00
15,000,00
25,000.00
15,000,00
35,000,00
15,000. 00
Colorado.
First National Bank,Cripple Creek.
N a t i o n a l B a n k of C o m m e r c e , D e n ver
First National Bank, Fort Collins..
Carbonate National Bank, Leadville
Mercantile National Bank, Pueblo.
26,000.00
25,000.00
16,000.00
25,000.00
16,000. 00
Connecticut.
Bridgeport National Bank, Bridgeport
First National Bank, Hartford
First National Bank, Meriden
Home National Bank, Meriden....
Mechanics' National Bank, New
Britain
N a t i o n a l B a n k of N o r w a l k , Norwalk
First National Bank, Norwich
W i n d h a m N a t i o n a l B a n k , Willimantic
25,000. 00
25,000.00
90,000.00
25,000.00
25,000,00
56,000.00
22,600.00
15,000.00
District of Columbia.
American National Bank, Washington
National Metropolitan-C i t i z e n s
B a n k , Wa"shington'
Riggs National Bank, Washington,
226,000. 00
632,000,00
1,924,000,00
Florida.
First National Bank, F e r n a n d i n a . .
F i r s t N a t i o n a l B a n k , K e y West
Fort Dallas National Bank, Miami.
F i r s t N a t i o n a l B a n k , St. A u g u s t i n e .
Exchange National Bank, Tampa.
15,000.00
15,000. 00
15,000.00
16,000.00
16,000.00
Georgia.
Georgia National B a n k , A t h e n s
Third National Bank, Atlanta
Fourth National Bank, Atlanta ...
Third National Bank, Columbus.,
N a t i o n a l B a n k of C o l u m b u s , Columbus
......"........:.
American National Bank, Macon.
First National Bank, Marietta . . . . .
15,000.00
46,000,00
78,000.00
36,000.00
15,000.00
.27,000.00
15,000.00
Idaho.
First National Bank, Pocatello.
First National Bank, W a l l a c e . . .
To t h e credit
of t h e T r e a s u r e r of t h e
United
States.
SPECIAL DEPOSITARIES—cont'd.
SPECIAL DEPOSITARIES.
First National Bank, Anniston
Anniston National Bank, Anniston.
City N a t i o n a l B a n k , S e l m a
T i t i e of b a n k .
16,000.00
15,000.00
First National Bank, Amboy
First National Bank, Beardstown..
Old N a t i o n a l B a n k , C e n t r a l i a
First National Bank, C h a m p a i g n . .
N a t i o n a l B a n k of t h e R e p u b l i c ,
Chicago
Second National Bank, D a n v i l l e . . .
Citizens' N a t i o n a l B a n k , D e c a t u r . .
N a t i o n a l B a n k of D e c a t u r , D e c a t u r .
F i r s t N a t i o n a l B a n k , E a s t St. L o u i s .
First National Bank, Edwardsville
•
Home National Bank, Elgin
Joliet National Bank, Joliet
City N a t i o n a l B a n k , K a n k a k e e
Pana National Bank, Pana
Edgar County National Bank, Paris.
Livingston County National Bank,
Pontiac
.*
Citizens' N a t i o n a l B a n k , P r i n c e t o n .
Manufacturers' N a t i o n a l Bank,
Rockford
$16,000,00
16,000,00
24,000,00
16,000,00
25,000,00
30,COO, 00
25,000,00
25,000. 00
25,000,00
15,000,00.
15,000,00
15,000,00
15,000.00
15,000.00
16,000.00
20,000.00
16,000.00
15,000,00
Indiana.
Citizens' N a t i o n a l B a n k , B e d f o r d . . .
F i r s t N a t i o n a l B a n k , Brazil
F i r s t N a t i o n a l B a n k , Crawfordsville
Citizens' N a t i o n a l B a n k , Crawfordsville
Citizens' N a t i o n a l B a n k , E v a n s ville
City N a t i o n a l B a n k , E v a n s v i l l e . . .
Hamilton National Bank, Fort
Wayne
First National Bank, Frankfort . . .
Franklin National Bank, Franklin.
C e n t r a l N a t i o n a l B a n k , Greencastle
Third National Bank, Greensburg..
Citizens' N a t i o n a l B a n k , Green.sburg
Columbia National Bank, Indianapolis
Fletcher National Bank, Indianapolis
Union National Bank, Indianapolis
Citizens' N a t i o n a l B a n k , K o k o m o . .
Howard National Bank, Kokomo..
City N a t i o n a l B a n k , L a f a y e t t e
M e r c h a n t s ' N a t i o n a l B a n k , Lafayette
National Fowler Bank, Lafayette..
First National Bank, Lebanon
Lebanon National Bank, Lebanon .
Union County National Bank,
Liberty
.-.
First National Bank, Madison
National Branch Bank, Madison...
Delaware County National Bahk,
Muncie
Merchants' National Bank, Muncie
Second National B a n k , N e w
Albany
New Albany National Bank, New
Albany
.^..
Citizens' N a t i o n a l B a n k , P e r u . . . . . .
People's NationalBank, Princeton
FirstNational Bank, Richmond...
South Bend National Bank, South
Bend
...
NationalBankof Sullivan, Sullivan
Second National Bank, Vincennes.
15,000,00
.15,000.00
15,000.00 '
26,000.00
15,000,00
15,000.00
67,000.00
15,000.00
15,000.00
15,000,00
15,000.00
15,000.00
15,000.00
112,000,00
25,000.00
15,000.00
15,000.00
15,000.00
35,000.00
15,000.00
15,Odo. 00
15,000. 00
16,000. 00 25,000.00
25,000.00
15,000.00
25,000. 00
15,000.00
15,000.00
15,000,00
15, "doo, GO
15,000,00
16,000,00
15,000,00
15,000 00
218
REPORT ON T H E FINANCES.
N o . 5 7 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OF PUBLIC MONEYS, WITH
THE BALANCE H E L D BY E A C H SEPTEMBER 30, 1905—Continued.
Title of bank.
To the credit
of the Treasurer of the
United
States.
SPECIAL DEPOSITARIES—cont'd.
Titie of bank.
SPECIAL DEPOSITARIES—cont'd.
loiva.
.STaTisas-Continued.
Citizens' National Ban:k, Belle
Plaine
First National Bank, Boone
Merchants' National Bank, Burlington
National State Bank, Burlington ..
Cedar Falls National Bank, Cedar
Falls
,
Citizens' National Bank, Cedar
Falls
Cedar Rapids National Bank, Cedar Rapids
First National Bank, Chariton
National Bank of Decorah, Decorah
Des Moines National Bank, Des
Moines
.,
First National Bank, Garner
Grundy County National Bank,
Grundy Center
Knoxville National Bank, Knoxville
Marion County National Bank,
Knoxville
,
First National Bank; Mason City ..
Cit:^ National Bank, Mason City...
First National Bank, Montezuma.,
First National Bank, Mount Pleasant....
National State Bank, Mount Pleasant
,
Oskaloosa National Bank, Oskaloosa
Iowa National Bank, Ottumwa
Ottumwa National Bank, OttuniM^a
First National Bank, Red Oak
Red Oak National Bank, Red Oak
First National Bank, Rock Valley .
First National Bank, Shenandoah
Shenandoah National Bank, Shenandoah
Io^va State National Bank, Sioux
City
First National Bank, Waterloo . . .
Black Hawk National Bank,
Waterloo
Commercial National Bank, Waterloo
Leavitt & Johnson National Bank,
Waterloo
First National Bank, Waverly
People's National Bank, Ottawa...
First National Bank, Pittsburg
Farmers' National Bank, Salina
NationalBank of America, Salina..
Central National Bank, Topeka...
Kansas National Bank, Wichita...
National Bank o f Commerce,
Wichita
First National Bank, Winfield
Winfield NationalBank, Winfield..
$16,000,00
15,000.00
25,000.00
25,000.00
15,000.00
15,000.00
25,000,00
15,000,00
25,000,00
15,000,00
15,000,00
15,000,00
15,000,00
25,000.00
25,000.00
15,000,00
25,000,00
20,000,00
15,000,00
15,000.00
15,000.00
25,000,00
45,000.00
15,000.00
15,000,00
1.5,000,00
Maine.
15,000,00
15,000,00
15,000.00
15,000.00
15,000,00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
20,000.00
15,000,00
16,000.00
26,000.00
26,000,00
16,000.00
15,000.00
15,000.00
15,000.00
16,000.00
26,000.00
15,000,00
15,000,00
15,000,00 •
45,000,00
26,000,00
16,000.00
,16,000.00
15,000.00
15,-000,00
Louisiana.
First National Bank, Crowley
Calcasieu National Bank, Lake
Charles
^Lake Charles Na'tional Bank, Lake
Charles
New Iberia National Bank, New
Iberia
State National Bank, New Orleans.
First National Bank, Shreveport...
First National Bank, Augusta
Northern National Bank, Hallowell
Canal National Bank, Portland
Ticonic National Bank, Waterville.
15,000.00
$16,000.00
15,000.00
15,000,00
16,000,00
26,000.00
25,000,00
Kentucky.
Second National Bank, Ashland...
Ashland NationalBank, Ashland...
Merchants' National Banli, Ashland
Catlettsburg National Bank, Catlettsburg
Hardin National Bank, Elizabethtown
Trigg National Bank, Glasgow
Henderson National Bank, Henderson
,
Second National Bank, Lexington.
Fayette National Bank, Lexington.
First National Bank, Mai^sville
Farmers' National Bank, Princeton
First National Bank, Somerset
15,000.00
1.5,000,00
.Kansas.
Abilene National Bank, Abilene..
First National Bank, Anthony . . .
Exchange National Bank, Atchison
First National Bank, Fort Scott...
Galena National Bank, Galena...
First National Bank, Horton
First National Bank, Hutchin.son.
Commercial National Bank, Independence
First National Bank, Junction City
Commercial National Bank, Kansas City
First National Bank, Kingman..
Manufacturers' National B a n k ,
Leavenworth
First National Bank, Manhattan.
First National Bank, Ottawa
To the credit
of the Treasurer of the
• United
States.
15,000.00
15,000.00
16,000,00
15,000,00
25,000.00
15,000.00
26,000,00
15,000,00
20,000,00
15,000, 00
Maryland.
First National Bank, Baltimore
Third National Bank, Baltimore...
Citizens' National Bank, Baltimore.
National Bank of Baitimore, Baltimore
National Bank of Cornmerce, Baltimore
National Marine Bank, Baltimore..
National Union Bank of Maryland,
Baltimore
First National Bank, Catonsville ..
Easton National Bank of Maryland, Easton
Farmers' and Mechanics' National Bank, Frederick
First National Bank, Frostburg
First National Bank, Oakland
National Bank of Rising Sun, Rising Sun
Salisbury National Bank, Salisbury
36,000,00
20,000,00
15,000,00
25,000,00
60,000.00
15,000.00
25,000,00
15,000,00
45,000,00
15,000,00
35,000,00
15,000.00
35,000.00
15,000.00
219
TEEASUEEE.
N o . 5 7 . — N A T I O N A L BANKS DESIGNATED AS .DEPOSITARIES OP PUBLIC MONEYS, WITH
THE BALANCE H E L D BY EACH SEPTEMBER 30, 1905—Continued.
Title of bank.
To the credit
of the Treasurer of the
United
States,
$22,000,00
200,000,00
25,000,00
46,000.00
15,000.00
78,000.00
25,000.00
26,000.00
54,000.00
33,000.00
15,000.00
23,000,00
16,000.00
96,000,00
57,000,00
First National Bank, Albert Lea..
First National Bank, Austin
First National Bank, Benson
City National Bank, Duluth
NorthwesternNationalBank, Min
neapolis
Northfield National Bank, Northfield
FirstNational Bank, Owatonna..
National Farmers' Bank, Owa
tonna
Merchants' National Bank, St
Paul
St, Paul National Bank, St, Paul..
First National Bank, Spring Val
ley
First National Bank, Stillwater...
First National Bank, Winona
Second National Bank, Winona ..
$15,000,00
16,000,00
15,000.00
25,000.00
First National Bank, Gulfport
First National Bank, Hattiesburg.,
National Bank of Commerce, Hattiesburg
First National Bank, Laurel
First National Bank, Meridian —
First National Bank, Yazoo City...
16,000.00
15,000.00
45,000.00
15,000.00.
15,000.00
15,000.00
90,000.00
60,000.00
15,000.00
15,000.00
45,000.00
16,000. 00
25,000,00
25,000,00
15,000,00
56,000.00'
10,000.00
33,000.00
25,000.00
26,000.00
50,000.00
Missouri.
50,000.00
25,000.00
Hannibal National Bank, Hannibal
,
Joplin National Bank, Joplin
,
City National.Bank, Kansas City..
New England National Bank,
Kansas City
."
Union National Bank, Kansas
City
Baird National Bank, Kirksville..
National Bank of Kirk.svi lie, Kirksville
Tootle Lemon National Bank, St.
Joseph
Third National Bank, St. Louis
Fourth National Bank, St. Louis ..
Third National Bank, Sedalia
Citizens' NationalBank, Sedalia..
Union National Bank, Springfield
Trenton National Bank, Trenton.
People's National Bank, Warrensburg
15,000.00
45,000.00
25,COO. 00
15,000.00
25,000.00
25,000.00
15,000. 00
25,000.00
25,000.00
45,000,00
25,000,00
15,000, 00
45,000. 00
24,000.00
15,000.00
Michigan.
States.
Minnesota.
blassachusetts.
Merchants' National Bank^^Charlotte
•..-.
First National Bank, Iron Mountain
'
Hackley National Bank, Muskegon
First National Bank. Petoskey
First National Exchange Bank,
Port HuronCommercial National Bank, Saginaw
Union City National Bank, Union
City
To the credit
of the Treasurer of the
United
SPECIAL D E P O S I T A R I E S — c o n t ' d ,
SPECIAL DEPOSITARIES—cont'd,
Greylock National Bank, Adams...
First National Bank, Boston
Fourth National Bank, Boston
American National Bank, Boston.
Atlantic National Bank, Boston...
National Bank of the Republic,
Boston
People's National Bank of Roxbury, Boston
South End National Bank, Boston.
State National Bank, Boston
Winthrop National Bank, Boston..
First National Bank, Fall River...
Massasoit-Pocasset National Bank,
Fall River
Westminster National Bank, Gardner
City National Bank, Gloucester
Haverhill National Bank, Haverhill
Hingham National Bank. Hingham
Merchants' National Bank, Lawrence
Lee National Bank, Lee
Traders' National Bank, Lowell...
Central National Bank. Lynn
First National Bank. Marlboro
People's National Bank, Marlboro.
Natick National Bank, Natick
Merchants' National Bank, New
Bedford
North Adams National Bank,
North Adams
First National Bank, Northampton.
Northampton National B a n k ,
Northampton
Agricultural National Bank, Pittsfield
Old Colony National Bank, Plymouth
First Nationa'l Bank, Reading
Asiatic National Bank, Salem
Mercantile National Bank, Salem.
Merchants' National Bank, Salem.
Spencer National Bank, Spencer..
Second National Bank, Springfield.
Chapin National Bank, Springfield
City National Bank, Springfield...
John Hancock National Bank,
Springfield
Spnngfield National Bank, Springfield
V
First National Bank, West Newton
"...
Mechanics' National Bank, Worcester
Title of banks.
15,000.00
15,000. 00
15,000,00
15,000,00
16,000,00
15,000.00
16,000.00
15,000.00
15.000.00
15,000. 00
15,000. 00
15,'000.00
32,000,00
15,000.00
66,000,00
25,000,00
15,000.00
15,000.00
15,000.00
135,000.00
56,000.00
15.000.00
15,000.00
25,000.00
16,000.00
15,000. 00
Nebraska.
National Bank of A.shland, A.shland
Pirst National Bank, Beatrice
Farmers and Merchants' National
Bank, Fremont
:
Fremont National Bank, Fremont
First National Bank, Hastings....
City National Bank, .Lincoln..
Nebraska City National Bank, Nebraska City
First National Bank, North Platte
South Omaha National Bank,
South Omaha
Citizens' National Bank.Tecumseh
First National Bank, Y^ork
City National Bank, York
15,000.00
25,000.00
15,000.00
15,000,00
15,000. 00
15,000.00
15,000. 00
15,000.00
25,000.00
15,000,00
15,000,00
15,000.00
220
REPORT ON T H E FINANCES.
N o . 57.—NATIONAL BANKS DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS, WITH
THE BALANCE H E L D BY EACH SEPTEMBER 30, 1905—Continued.
Title of bank.
To the credit
of the Treasurer of the
United
States.
e, SPECIAL DEPOSITARIES—cont'd.
Title of bank.
SPECIAL DEPOSITARIES—cont'd.
Neio Hampshire.
New Torfc—Continued.
National State Capital Bank, Concord
Merchants'National Bank, Dover..
First National Bank, Hillsboro
Bridge
Cheshire National Bank, Keene...
KeeneNational Bank, Keene
First National Bank, Manchester..
Second National Bank, Manchester
Amoskeag National Bank, Manchester
Merchants* National Bank, Manchester
Souhegan National Bank, Milford.
Second National Bank, Nashua
First National Bank, Somersworth.
Somersworth National Bank, Somersworth
Citizens' National Bank, Saratoga
Springs
First National Bank, Ticonderoga.
First National Bank, Tonawanda..
First National Bank, Utica
Oneida National Bank, Utica
Utica City National Bank, Utica...
First National Bank, Waverly
15,000.00
15,000.00
16,000.00
16,000,00
36,000.00
25,000.00
16,000.00
North Carolina.
35,000.00
Charlotte National Bank, Charlotte
First National Bank, Elizabeth
City
National Bank of High Point, High
Point
First National Bank, Weldon
Atlantic National Bank, Wilmington
Murchison National Bank, Wilmington
16,000. 00
15,000.00
35,000.00
25,000,00
15,000.00
Neu) Jersey.
Second National Bank, Hoboken..
First National Bank, Manasquan..
Farmers' National Bank of New
• Jersey, Mount Holly
First National Bank, Princeton
First National Bank, Seabright
Vineland National Bank, Vineland
15,000. 00
15,000.00
26,000.00
20,000,00
16,000,00
15,000,00
New Mexico.
First JTational Bank, Clayton
15,000, 00
New York.
First National Bank, Addison
Columbia National Bank, Buff'alo..
National Bank of Cohoes, Cohoes..
Lake Shore National Bank, Dunkirk...._
Merchants' National Bank, Elmira.
National Bank of Glens Falls,Glens
Falls
Herkimer National Bank, Herkimer
First NationalBank, Hornellsville.
Ilion National Bank, Ilion
National Herkimer County Bank,
Littie Falls
First National Bank, Mount Vernon
First National Bank, New York . . .
Fifth National Bank, New York...
Astor National Bank, New York...
Bankof New York National Banking Association, New York
Chase National Bank, New York . .
Consolidated National Bahk, Nevv
York
Lincoln National Bank, New Y^ork.
Mercantile National Bank, New
York
:
National Bank of North America,
New York
National Park Bank, New Y o r k . . .
New Y''ork National Exchange
Bank, New York
United National Bank, New Y^ork.
State National Bank, North Tonawanda
National Bank of Norwich, Norwich
Exchange National Bank, Olean . .
To the credit
of the Treasurer of t h e
United
States.
15,000.00
35,000. 00
25,000.00
15,000.00
16,000.00
20,000.00
35,000. 00
15,000.00
15,000. 00
15,000.00
25,000.00
606,000.00
45,000.00
130,000.00
45,000.00
410,000.00
45,000.00
55, 000.00
310,000,00
240,000.00
676,000,00
35,000.00
25,000,00
15,000,00
35,000. 00
15,000. 00
$45,000.00
15,000,00
35,000.00
35,000.00
35,000.00
35,000.00
25,000.00
15,000.00
15, 000,00
15,000,00
15,000,00
40,000,00
35,000,00
Ohio.
Second National Bank, Akron
.
National City Bank, Akron
First National Bank, Athens
First National Bank, Barnesville..
National Bank of Barnesville,
Barnesville
Bridgeport National Bank, Bridgeport
Central National Bank, Cambridge.
First National Bank, Canton
German NationalBank, Cincinnati.
First National Bank, Cleveland—
Central National Bank, Cleveland.
Union National Bank, Cleveland..
Commercial National Bank, Columbus
'.'.
New First National Bank, Co-'
lumbus
First National Bank, Defiance
Citizens' National Bank, East
Liverpool
;
First National Bank, Ironton
Kenton National Bank, K e n t o n . . .
First National Bank, Marietta
Marion National Bank, Marion —
Citizens' National Bank, McConnelsville
,
Medina County National Bank,
Medina
'.
First National Bank. Niles
Piqua National Bank,:Piqua
Quaker City National Bank, Quaker
City
Second National Bank, Ravenna ..
FirstNational Bank, St. Clairsville.
First National .Exchange Bank,
Sidney
First National Bank, Springfield...
Mad River National Bank, Springfield
National Exchange Bank, Steubenville
Merchants' National Bank, Toledo.
Northern National Ba.nk, Toledo . .
Western Reserve National Bank,
Warren
First National Bank, Y^'oungstown..
First National Bank, Zanesville . . .
Old C i t i z e n s ' N a t i o u a l Bank,
Zanesville
15.000.00
15; 000. 00
15,000.00
55,000.00
70,000. 00
15,000.00
15,000.00
46,000.00
25,000. 00
185,000.00
45,000.00
130,000.00
26,000.00
35,000.00
25,000.00
15,000. 00
15.000.00
15,000.00
15,000.00
15,000.00
15,000. 00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000. 00
15,000.00
15,000. 00
15,000.00
25,000.00
35,000. 00
76,000.00
15,000.00
15,000,00
16,000,00
90,000.00
221
TEEASUBEE.
N o . 5 7 . — N A T I O N A L BANKS. DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS, WITH
THE BALANCE H E L D BY E A C H SEPTEMBER 30, 1905—Continued.
Title of bank.
To the credit
of the Treasurer of the
United
States.
Oregon.
Pennsylvania—ContmuQ^..
$26,000.00
16,000.00
Pennsylvania.
German National Bank, Allegheny
Second National Bank, Allentown .
Ashland National Bank, Ashland..
Athens National Bank, Athens
First National Bank, Blairsville..,
Miners' National Bank, Blossburg.
Jefferson County-National Bank,
Brookville
,
First National Bank, Canton
,
National Bank of Catasauqua, Catasauqua
Valley National Bank, Chambersburg
Delaware County National Bank,
Chester
Clearfield National Bank, Clearfield
County National Bank, Clearfield .
First National Bank, C l i f t o n
Heights
"
,
National Bank of Chester Valley,
Coatesville
' N a t i o n a l Bank of Coatesville,
Coatesville
Tradesmen's National Bank, Conshohocken
,
FirstNational Bank, East Brady.
First National Bank, Ebensburg...
First National Bank, Emporium...
First National Bank, Greenville..,
First National Bank, Hanover
Harrisburg National Bank, Harrisburg
,
First National Bank, Hollidaysburg
,
Union National Bank, Huntingdon,
National Bank of Jersey Shore,
Jersey Shore
First National Bank, Johnstown.,
Citizens' National Bank, Johnstown
,
Farmers' National Bank, Kittanning
Northern National Bank, Lancaster
,
First National Bank. Lansford
Lebanon NationalBank, Lebanon.
People's National Bank, Lebanon..
National Bank of Malvern, Malvern
Keystone National Bank, Manheim
,
First National Bank, Marietta
Mauch Chunk National Bank,
Mauchchunk
First National Bank,McKeesport.,
National Bank of McKeesport,
McKeesport
,
First National Bank, Mount Carmel
First National Bank, Mount Joy ..
First National Bank, Newcastle...
Citizens' National Bank, Newcastle
National Bank of Oxford, Oxford.,
First National Bank, Perkasie
Eighth National Bank, Philadelphia
Farmers and Mechanics' National
Bank, Philadelphia
To the credit
of the Treasurer of the
United
States.
SPECIAL D E P O S I T A R I E S — c o n t ' d .
SPECIAL DEPOSITARIES—cont'd,
First National Bank, Baker City...
First National Bank, Eugene
Title of bank.
110,000.00
16,000.00
16,000.00
26,000.00
15,000.00
26,000.00
16,000.00
15,000.00
25,000.00
25,000.00
70,000.00
15,000.00
16,000.00
15,000.00
20,000.00
25,000.00
16,000.00
15,000.00
15,000.00
25,000.00
20,000.00
15,000.00
45,000.00
25,000.00
15,000.00
15,000.00
35,000.00
15,000.00
25,000.00
45,000.00
15,000,00
15,000.00
15,000.00
25,000.00
15,000.00
15,000.00
15,000.00
25,000,00
16,000.00
16,000.00
15,000.00
16,000.00
15,000.00
16,000.00
16,000.00
25,000.00
36,000.00
Fourth Street National Bank,
Philadelphia
Girard National Bank, Philadelphia
National Bank of Germantown,
Philadelphia
Northwestern National B a n k ,
Philadelphia
Union National Bank, Philadelphia
First National Bank, Pittsburg
Bank of Pittsburg, National Association, Pittsburg
•.
Federal National Bank, Pittsburg.,
People's National Bank, Pittsburg..
Union National Bank, Pittsburg ..
National Bank of Pottstown, Pottstown
Merchants'
National
Bank,
Quakertown
Reading National Bank, Reading .
First National Bank, Rimersburg..
National Bank of Sayre, Sayre
Traders' National Bank, Scranton.
Sellersville National Bank, Sellersville
National Bankof Slatington, Slatington
,
Stroudsburg N a t i o n a l B a n k ,
Stroudsburg
,
First National Bank, Sunbury
First National Bank, Troy
,
First National Bank, Tyrona
,
Farmers and Merchants' National
Bank, Tyrone
,
First National Bank, Wellsboro
First National Bank, Westchester.,
Second National Bank, Wilkesbarre
,
West Branch National Bank, Williamsport
^.
,
York National Bank, York
,
$325,000.00
65,000.00
25,000.00
" 25,000.00
45,000.00
70,000.00
70,000.00
15,000.00
200,000.00
110,000.00
15,000.00
15,000.00
20,000.00
15,000.00
15,000.00
30,000.00
15,000.00
.15,000.00
15,000.00
15,000.00
15,000.00
16,000.00
15,000.00
45,000.00
25,000.00
15,000.00
30,000,00
35,000,00
Rhode Island.
National Exchange Bank, Providence
,
Old National Bank, Providenci3 . . .
20,000,00
15,000,00
Soidh Carolina.
People's National Bank, Charleston
National Loan and Exchange
Bank, Columbia
,
City National Bank, Greenville..
National Bank of Greenville,
Greenville
,
Central National Bank, Spartanburg
South Dakota.
First National Bank, Madison
Tennessee.
First National Bank, Clarksville ..
First National Bank, Dyersburg ..
City National Bank, Johnson City..
City National Bank, Knoxville
Mechanics' National Bank, Knoxville
National Baak of Commerce, Memphis
State National Bank, Memphis
25,000,00
15,000,00
15,000,00
16,000,00
15,000.00
15,000,00
15,000,00.
15,000,00
15,000.00
25,000.00
16,000.00
65,000.00
60,000.00
222
No.
REPORT ON T H E FINANCES.
5 7 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OF PUBLIC MONEYS, WITH
THE BALANCE H E L D BY E A C H SEPTEMBER 30, 1905—Continued.
Title of bank.
To the credit
of the Treasurer of the
United
States.
SPECIAL DEPOSITARIES—cont'd.
SPECIAL DEPOSITARIES—cont'd.
Virginia—Continued.
Texas.
Amarillo National Bank, Amarillo.
First National Bank, Beaumont...
American National Bank, Beaumont
State National Bank, Denison
American National Bank, Fort
Worth
State National Bank, Fort Worth..
Commercial National Bank, Houston
Merchants' National Bank, Houston
First National Bank, Paris
City National Bank, Paris
First National Bank, San Angelo..
City National Bank, San Antonio..
Lockwood National Bank, San
Antonio
Texarkana National Bank, Texarkana
Citizens' National Bank, Tyler —
Jester National Bank, Tyler
$15,000,00
15,000,00
15,000,00
16,000,00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000,00
15,000. 00
36,000.00
16,000.00
16,000.00
15,000.00
26,000.00
25,000.00
15,000.00
^60,000,00
First National Bank, Everett
American National Bank, Everett
Capital National Bank, Olympia..
Traders' National Bank, Spokane.,
Flat Top National Bank, Bluefield
Charleston National Bank,Charleston
•
Merchants' National Bank of West
Virginia, Clarksburg
First National Bank, Fairmont
First National Bank, New Martinsville
Second National Bank, Parkersburg
First National Bank, P i e d m o n t —
First National Bank, Sistersville...
Farmers and Producers' National
Bank, Sistersville
,
Wisconsin.
15,000.00
Citizens' National Bank, Appleton.
Lumbermen's National Bank,
Chippewa Falls
Eau Claire National Bank, Eau
Claire
Fond du Lac National Bank, Fond
du Lac
Citizens' National Bank, Greenbay
Rock County National Bank, Janesville
National Bank of Merrill, Men.ill..
Marine National Bank, Milwaukee.
Milwaukee National Bank, Milwaukee
Citizens' National Bank, Oconto...
National Union Bank, Oshkosh
First National Bank. Stevens Point.
First National Bank, Superior
National German-American Bank,
Wausau
15,000.00
15,000,00
60,000,00
First National Bank, Laramie .
16,000,00
25,000, 00
15,ood, 00
16,000.00
15,000.00
15,000.00
26,000.00
25,000.00
15,000.00
15,000.00
80,000.00
16,000.00
16,000,00
15,000,00
15,000.00
20,000.00
16,000,00
15,000,00
15,000,00
55,000.00
West Virginia.
26,000,00
15,000,00
$90,000,00
Washington.
16,000,00
Virginia.
Dominion National Bank, Bristol..
First National Bank, Farmville. 1..
First National Bank, Harrisonburg
Rockingham National Bank, Harrisonburg
Loudoun National Bank, Leesburg.
People's National Bank, Leesburg.
People's National Bank, Manassas.
Marion National Bank, Marion —
First National Bank, Newport
News
Newport News National Bank,
Newport News
First National Bank, Norton
First National Bank, Richmond . . .
National Bank of Virginia, Richmond
Planters' National Bank, Richmond
National Exchange Bank, Roanoke
Augusta National Bank, Staunton
NationalValleyBank, Staunton
Tazewell National Bank, Tazewell
Farmers and Merchants' National
Bank, Winchester
16,000.00
Vermont.
National Bank of Barre, Barre
People's National Bank, Brattleboro
Vermont National Bank, Brattleboro
Lyndonville National Bank, Lyndonville
Montpelier National Bank, Montpelier
i
Killington National Bank, Rutland
First National Bank, St. Johnsbury
National Bank of Newbury, Wells
River
National Bank of White River
Junction, White River Junction..
Woodstock National Bank, Woodstock
To the credit
of t h e Treasurer of the
United
States,
Title of bank.
16,000.00
45,000.00
45,000.00
15,000.00
15,000.00
16,000.00
15,000.00
25,000.00
16,000.00
15,000,00
15,000,00
15,000,00
16,000,00
15,000.00
15,000,00
15,000,00
35,000,00
45,000,00
15,000,00
16,000,00
16, Odo. 00
36,000.00
25,000.00
Wyoming:
15,000.00
18,504,600.00
Total
RECAPITULATION.
Regular depositaries
Special depositaries
Aggregate
........^
'.„...,
$46,065,365.63
18,504,600.00
^ 164,569,866.63
223
TREASURER.
'So» 5 8 . — N U M B E R OP N A T I O N A L B A N K S WITH SEMIANNUAL D U T Y P A I D , BY FISCAL
Y E A R S , A N D N U M B E R O F D E P O S I T A R I E S W I T H B O N D S AS S E C U R I T Y A T C L O S E O F
EACH FISCAL Y E A R .
Number Bonds held
held
Number Bonds
Semiannual of
secure cir- duty
deposi- to secure
of banks. to culation.
collected. taries.
deposits.
Fiscal year.
1895
1896 . . . a
1897
1898
1899
1900
1901
1902
1903
1904 . . :
1905
:....
1
3,767 $207,680,800
3,737 228,915,960
3,616
230,471,650
3,634 220,201,400
3,699 229,688,110
3,822 284,378,040
4,187
326,119,230
4,553 317,038,630
5,014
375,068,770
6,409 416,016,690
6,782 468,066,940
$1,704,007.69
1,861,676.03
2,020,703. 66
1,901,817.71
1,991,743.31
1,881,922.73
1,699,221.08
1,633,309.16
1,708,819.92
1,928,827.49
2,163,882.05
160
160
168
• 172
357442
448
577
713
842
837
Total bonds
held.
$16,278,000
16,928,000
16,930,500
30,861,500
78,564,540
107,253,680
106,765,450
124,718,650
152,852,020
112,902,650
80,404,950
$222,958,800
245,843,950
247,402,050
251,052,900
308,252,650
391,631,620
431,884,680
441,767,180
527,920,790
528,919,240
648,471,890
No.
5 9 . — A V E R A G E AMOUNT OF NATIONAL-BANK
NOTES IN CIRCULATION, AND
A M O U N T O F D U T Y P A I D T H E R E O N F O R T H E F I S C A L Y E A R E N D E D J U N E 30, 1905, B Y
NATIONAL B A N K S IN EACH STATE AND TERRITORY.
Average
Duty paid
amount of
circulanotes in circu- on tion.
lation.
,
$6,829,460.00
4,592,473.00
4,436,582.00
27,673, 374.00
4,383, 560.00
10,686,660.00
$29, 736.02
23,897.12
22,807,42
142,226.94
22,109.04
64,626.15
Total, New
England
States
57,601,099.00
295,301.69
67,624,207.00
9,147,936.00
69,237,611.00
977,169.00
8,065,187.00
2,640,326.00
340,749.13
46,271.96
312,636. 66
6,133. 44
41,096.82
. 12,716,00
147,592,426.00
768,602.00
6, OOL507.00
4,423, 696.00
2,506, 652.00
1,946, 463.00
3,704, 755.00
1,477, 964.00
3,738, 256.00
1, 632, 113.00
2,581, 089.00
14,123, 871.00
682, 887.00
11,273, 800.00
4,805, 769.00
62, 600.00
31,796.96
22,650.76
12,838.69
9,732, 31
18,581,94
7,458,07
18,788,76
8,185,56
12,905,47
71,056,76
3,414,46
67,668,26
24,256, 00
312, 50
Maine
New Hampshire
Vermont
Massachusetts
Rhodelsland
Connecticut
,
,
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia.
Total, Eastern
States..:
Virginia..
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama —
Mississippi
Louisiana
Texas
:
Arkansas
Kentucky
Tennessee
Porto Rico
Total, S o u t h ern States...
68,961,211.00
299,545.47
Average
Duty paid
amount of
circulanotes in circu- on tion.
lation.
Ohio
Indiana
Illinois
Michigan....
Wisconsin . . !
Minnesota
Iowa
'.
Missouri
Total, Middle
States
$29,872,086. 00 $159,616,67
10,848, 846:00
68, 308, 25
19,545, 772.00
98,883, 73
7,237, 252,00
36,470,97
6,730, 667,00
34,670.52
7,270, 587.00
36,670.50
11,146, 299,00
56, 993.90
18,548,371.00
94,089.86
111,199,780,00
574,604.39
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado ..-.
New Mexico
Oklahoma
Indian Territory
Total, Western
States
26,306,448,00
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
1,664, 994,00
1,673, 434,00
14,286. 960,00
418, 608,00
1,413, 603.00
222, 398.00
432,444.00
9,102,00
248,383, 00
8,842,04
8,433,84
72,106,45
2,124.32
7,067, 46
1,111,95
2,162.23
45.61
1,241. 92
20,369,826,00
103,135, 72
Total, Pacific
States
Total, United
States
1,301,943,00
1,236,478,00
6,581, 451.00
7,171,726.00
1,126,746.00
616, 175.00
4,634,587,00
875, 880.00
1,694,999,00
2,267,463, 00
6,509, 79
6,182.39
28,298.38
36,010.69
6,797.44
2,575.91
23,047.44
4,379.43
8, 546.98
11,344.33
132,692.78
422,030,790.00 2,163,882,05
224
No.
REPORT ON T H E FINANCES.
6 0 . — R E C E I P T S AND DISBURSEMENTS OF PUBLIC MONEYS THROUGH
BANK DEPOSITARIES, BY FISCAL YEARS PROM 1895.
Fiscaryear,
Funds trans•Funds-trans- ferred to Treasury Warrants-paid by
banks.
ferred to banks.
by banks.
Receipts,
$41,892,886.26
$169,440,436.46
46,867, 861.23
181,705,917.74
60,069,765.00
149,306,649.29
82,971,223.08
207,178,119.61
283,276,222.20 226,173,117.13
303,903,656.56 • 166,289,
607.85
125,443,007.66
313,373,160.38
281,234,091.67 167,041,671,84
201,897:430,60
244,947,628.71
176,189: 611.66
251,970,862.51
134,884: 137.86
251,255,327.39
1896.
1896,
1897,
1898:
1899.
1900.
1901
1902
1903
1904
1906
No. 6 1 . — S E V E N - T H I R T Y
NATIONAL-
NOTES ISSUED,
$23,186,071.16
22,671,550.77
19,350,217.64
22,830: 954.62
24,560. 430.04
22,606: 835.39
24,141,398,97
26,347,319,10
35,445^660,08
49,400.676.-71
66, 906;861,58
$187,592,611.38
205,465,259.58
179,269,503,12
245,636,846,31
448,437,283.16
425,260,383.24
413,853,457,60
388,229;463,27
. 388,639,946.66
414,301,175. 71
785.82
REDEEMED,
Balance.
$11,193,267.18
11,630,235,80
12,376,919,43
34,058,462.19
70,610,088,32
92,836,133.10
93,667,444.47
117,356,325.51
140,215,778.08'
104,674,399.83
65,018,227. 68
AND OUTSTANDING
JUNE
30,
1905.
Issue.
July 17,1861 . .
August 15,1864
June 16,1865..
July 15,1865 . .
Redeemed to
Total issued. June 30,1904.
Redeemed
during
year.
$140,094,750 $140,085,350
299,992,500
299,946, 700
330,969,560
331,000,000
198,954,650
199,000,000
$150
100
50
$140,086,350
299,946,850
330,969,650
198,964,700
$9,400
45,650
30,360
45, 300
300
969,956,650
130,700
Total ...
No.
970,087,260
969,956,250
Total
redeemed.
Outstanding.
6 2 . — C O U P O N S PROM UNITED STATES BONDS AND INTEREST NOTES P A I D DURING
THE FISCAL Y E A R 1905, CLASSIFIED BY LOANS.
Number
Title of loan.
•
of
Amount.
Number
of
coupons.
Titie of loan.
coupons.
Five-twenties of 1862
T^n-forties of 1864
Consols of 1866
Consols of 1867
Consols of 1868
Funded loan of 1891
Loan of 1904
N o . 6 3 . - -CHECKS
46
2
6
16
2
11
2,426
$1,236,00 Funded loan of 1907 . . . . .
7.50 j Loanof 1926
28,50 Loan of 1908-1918
1...
33,00 Consols of 1930
3.00 Two-year notes of 1863...
1L26
5,382.46
Total
Funded loan of 1907
Loan of 1925
Loan of 1908-1918
Consols of 1930'
Spanish indemnity certificates
Philippine loan of 1914-1934
Philippine loan of 1916-1935 public improvement bonds
District of Columbia 3.65 per cent bonds.
361,190
118,962
453,330
38,031
2
$1,613,352.50
1,044,436.50
1,062,818.35
168,980. 50
6.00
974,023
3,886,294. 67
ISSUED FOR INTEREST ON REGISTERED BONDS DURING THE FISCAL
Y E A R 1905.
Title of loan.
Total
Amount.
Number,
59,743
15,299
87,781
31,646
107
1,092
17
474
$4,627,496.00
3,692,291.60
1,271,618.70
10,684,102.00
28,600,00
280,000.00
26,000. 00
416,373.75
196,059
21,026,381,95
225
TREASURER.
No.
64.—INTEREST
ON 3.65 PER CENT BONDS OF THE DISTRICT OF COLUMBIA P A I D
DURING THE FiSCAL Y E A R 1905.
Where paid.
Treasury United States Washington
Subtreasury IJnited States, New York
:
.-..
Total
Coupons.
Checks.
Total.
$29,876.05
19,616.66
$17,374.00
399,71L60
$47,260.06
419,228.06
49,392.60
417,086.50
466,478.10
N o . 6 5 . — R E F U N D I N G CERTIFICATES ISSUED UNDER THE ACT OF FEBRUARY 26, 1879,
CONVERTED INTO BONDS OF THE FUNDED LOAN OP 1907, PURCHASED AND OUTSTANDING.
Issued.
How payable.
To order
To bearer
'
Total
No.
'.
Total conConverted Purchased verted
and Outstandduring
during
purchased
to
ing.
year.
year.
June 30, 1905.
$58,500
39,954,250
$1,410.
$140
$68,430
39,926,790
$70
27,460
40,012,760
1,410
140
39,986,220
27,530
6 6 . — P U B L I C DEBT JUNE 30, 1904, AND J U N E 30, 1905, AND CHANGES DURING
THE YEAR.
Title of loan.
I N T E R E S T - B E A R I N G DEBT,
Funded loan of 1907
Refunding certificates
Loan of 1926
Loan of 1908-1918
Consols of 1930
Rate
of interest.
Outstanding Issued during Retired during year.
year.
June 30,1904.
Per ct.
$166,693,160.00
4
4
29,080.00
4
118,489,900.00
3
77,136,360.00
2
642,909,960.00
896,167,440.00
Total
Outstanding "
June 30,1905.
$2,750.00
$300.00
1,550.00
$166,696,600.00
27,530.00
118,489,900.00
77,135,360.00
542,909,950.00
2,750.00
1,860.00
895,168,340,00
DEBT ON WHICH INTEREST
H A S CEASED,
^to6
6
5
5
6
5-20s of 1862
5 20s of l u n e 1864
6
6
6 20s of 1866
6
10-40S of 1864
6
Consols of 1866
6
Consols of 1867
6
n^"n^^>l^ of 1868
6
Ijoan of Februarv 1861
5
Funded loan of 1881
3i
Funded loan of 1881, continued.
6
6
Loan of July and August, 1861..
Loan of July and August, 1861,
oontinued
3i
Loan of 1863 C1881's'>
6
3^
liOan of Julv 12 1882
3
"Pnnrlpd IOPITJ of ISQl
4i
2
Fundedloanof 1891, continued..
5
Loan of 1904
6
Treasurv notes of 1861
7-30S of 1861
Onp-vpar notPS of 1863
Two-vear notes of 1863
5
Compound-interest notes
6
7-30s of 1864-66
Certificates of indebtedness —
Old debt
TiOan of 1847
Texan indemnity stock
Loan of 1868
I*
I-
Total
H. D O C 9, 59-1
4to6
3
15
151,635.26
950.00
20,000.00
2,000.00
212,950.00
16,000.00
20,850.00
19,350.00
73,800.00
107,250.00
11,050.00
5,000.00
27,950.00
50.00
2,400.00
16,050.00
1,600.00
.3,100.00
100.00
200.00
56,460.00
83,200.00
777,850.00
2,400.00
9,400.00
30,815,00
26,850,00
161,220.00
121,600.00
3,000.00
2,850.00
6,000.00
1,970,920.26
164,566.66
266.66
60.00
100.00
200.00
i6,756.66
1,000.00
483,000.00
100.00
145.00
330,00
300.00
600,676.00
161,636.26
950.00
20,000.00
2,000.00
108,460.00
16,000.00
20,860.00
19,160.00
73,750.00
107,150.00
11,060.00
6,000.00
27,750.00
50.00
2,400.00
16,050.00
1,600.00
3,100.00
100,00
200,00
45,700.00
82,200.00
294,850.00
2,300.00
9,400.00
30,670.00
26,850.00
160,890.00
121,300.00
3,000.00
2,850.00
6,000.00
1,370,245,26
226
No.
REPORT ON T H E FINANCES.
6 6 . — P U B L I C DEBT J U N E 30, 1904,
AND J U N E 30, 1805,
AND CHANGES DURING
THE YEAR—Continued.
T i t i e of l o a n .
Rate
of i n terest.
Outstanding
J u n e 30,1904.
R e t i r e d during year.
Issued d u r i n g
year.
Outstanding
J u n e 30,1905.
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 currency
Total
$565.00
$53,847.50
346,681,016.00 $126,530 000. 00 126,630,000.00
$53,282.60
346,681,016,00
36,626,542,50
6,869,249.88
22,557 927.50 26,857,368.00
2,140,80
32,227,102,00
6,867,109,08
389,130,656.88
149,087 927.50 152,390,073.80
385,828,509,58
494,290,669.00
470,476,000.00
12,978, 000.00
194,710,000.00 171,420,600.00
316,300,000.00 321,511,000.00
3,565,000.00
617,679,969,00
465,265,000,00
9,413,000,00
977,744,569.00
511,010 000.00 496,496,600.00
992,257,969.00
C E R T I F I C A T E S A N D TREASURY
NOTES.
Gold certificates
S i l v e r certificates
T r e a s u r y n o t e s of 1890
Total
2,264,003,685.14
Aggregate
No.
660,100,677.60 649,489,198.80 2,274,615,063.84
6 7 . — P U B L I C DEBT J U N E 30, 1905, AND SEPTEMBER 30,
DURING THE P E R I O D .
T i t i e of l o a n .
Rate
of i n terest.
1905,
AND CHANGES
Retired
' during the
period.
Outstanding
Issued^during
J u n e 30, 1905.
t h e period.
Outstanding
Sept. 30,1905.
INTEREST-BEARING 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 1926
L o a n of 1908-1918
Consols of 1930
P e r ct.
4
$156,595,600.00
4
27,530.00
4
118,489,900,00
3o
77,135,360.00
2
542,909,950.00
Total
896,168,340.00
$800.00
$460.00
800.00
460. 00
$156,596,400.00
27,070.00
118,489,900,00
77,135,360,00
542,909,950.00
896,168,680.00
D E B T ON W H I C H I N T E R E S T
H A S CEASED.
Olddebt
T^t06
L o a n of 1847
6
T e x a n i n d e m n i t y stock
6
L o a n of 1858
6
5-20sofl862
6
6-20S of J u n e , 1864
6
5-20sofl866
.
6
10-408 of 1864
5
Consols of 1866'
6
Consols of 1867 .
6
Consols of 1868
6
L o a n of F e b r u a r y , 1861
6
F u n d e d l o a n of 1881
6
F u n d e d l o a n of 1881, c o n t i n u e d .
3^
Oregon w a r d e b t . .
6
L o a n of J u l y a n d A u g u s t , 1861.
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 . .
3i
L o a n of J u l y 12,1882
3
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 .
L o a n of 1904 . . . "
6
T r e a s u r y n o t e s of 1861
6
7 30s of 1861 . .
O n e - y e a r n o t e s of 1863
T w o - y e a r n o t e s of 1863..
5
Compound-interest notes
6
7 30s of 1864-65
Certificates of i n d e b t e d n e s s
Temporary loan
4to6
3
T h r e e p e r c e n t certificates
•
;rotal
151,635.26
950.00
20,000.00
2,000.00
108,460.00
15,000.00
20,850,00
19,160.00
73,750.00
107,150.00
11,050.00
6,000.00
27,750.00
60.00
2,400.00
15,050.00
1,000.00
250.00
100.00
100.00
1,600.00
3,100.00
. 100.00
200.00
46,700,00
82,200.00
294,850.00
2,300,00
9,400.00
30,670,00
26,850.00
160,890,00
121,300,00
3,000,00
2,850,00
6,000,00
112,000.00
110.00
230.00
50.00
1,370,245,26
113,840.00
'•
161,635.26
950.00
20 000 00
2,000.00
108,450.00
15,000,00
19,850.00
19,150,00
73,500.00
107,050.00
10,950,00
6,000.00
27,750,00
50,00
2,400.00
15 050 00
1,600.00
3,100.00
100 00
200.00
46,700 00
82 200 00
182,850,00
2,300.00
9,400 00
30,660.00
26 850 OO
160,660.00
121,260.00
3,000.00
2,850.00
5,000.00
1,256, 405.26
227
TREASURER.
No.
67.—PUBLIC
DEBT JUNE 30, 1905, AND SEPTEMBER 30, 1905, AND CHANGES
DURING THE PERIOD—Continued.
Titie of loan.
Rate
of in- - Outstanding
terest. June 30,1906,
Retired
during the
period.
Issued during
the period.
Outstanding
Sept, 30,1906.
D E B T B E A R I N G NO I N T E R E S T ,
Old demand notes
United States notes
National-bank notes, redemption account
Fractional currency
Per ct.
Total
$53,282.50
346,681,016.00 $26,920,000,00 $26,920,000.00
$63,282.60
346,681,016.00
32,227,102,00
6,867,109,08
5,866,647,50
4,708,640.50
33,385,209.00
6,867,109.08
385,828,509,58
31,786,647.50
30,628,540.60
386,986,616,58
617,679,969,00 42,640,000.00
465,265,000,00 83,320,000.00
9,413,000, 00
40,172,000.00
73,568,000.00
618,000.00
520,047,969.00
476,017,000.00
8,795,000.00
C E R T I F I C A T E S AND T R E A S U R Y
NOTES,
Gold certificates
Silver certificates..
Treasury notes of 1890
Total
992,257,969, 00 125,960,000. 00 114,368,000.00 1,003,869,969.00
Aggregate
....
^O.
2,274,615,063,84 157,747,447.60 145,100,840,50 2,287,261,670.84
6 8 . — U N I T E D STATES BONDS RETIRED, FROM M A Y , 1869, TO J U N E . 3 0 , 1905.
Title of loan.
Loan of 1847
Bounty-land scrip
Loan of February, 1861
Oregon war debt
Loan of July and August, 1861
5-20S of 1862
Loan of 1863
6-20S of March, 1864
6-20S of June, 1864
:
6-20S of 1866
Consols of 1865
Consols of 1867
Consols of 1868 '
...
Texan indemnity stock
Loan of 1860
Loan of 1858
10-40S of 1864
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
Loan of July 12, 1882
Loan of 1908-1918
Funded loan of 1891, continued
Bonds issued to Pacific railroads:
Central Pacific
Union Pacific
Kansas Pacific
Central Branch Union Pacific .
Western Pacific
Sioux City ahd Pacific
Loan of 1904.
Loan of 1925
Total
^late
oi inter- Redeemed.
est.
Per ct.
6
6
6
6
6
6
6
6
6
6
6
6
6
5
6
5
6
6
4i
4
3i
it
3
3
2
6
6
6
6
6
6
5
4
$47,900
1,176
7,798,000
686,800
12,932,400
430,416,800
4,684,700
2,382,200
69,867,900
167,696,450
206,271,050
310,095,300
37,477,600
232,000
7,022,000
6,041,000
192,458,650
72,.862,500
81,023,900
1,418,850
127,696,600
37,226,200
109,165,250
305,581,050
25,330,000
25,885,120
27,236,512
6,303,000
1,600,000
1,970,560
1,628,320
19,090,200
2,289,017,987
Purchased.
$10,612,000
256,800
48,776,700
67,166,850
19,854,250
1,119,800
43,459,750
36,023,350
118,950,550
62,846,950
4,794,050.
43,599,000
143.518,200
231,337,850
Converted
and
exchanged.
$27,091,000
380,500
12,218,650
9,686,600
8,703,600
6,668,600
256,650
13,957,000
2,089,500
351,678,650
13,231,660
292,349,600
2,913,640
119,260,000
8,643,660
43,825,600
72,071,300
877,587,790
929,343,300
Total.
$47 900
1,176
18 410 000
942,600
61,709,100
614,663,660
24,538,950
3,882,500
125,546,300
203,306,400
332,925,200
379,510,850
42,528,300
232 000
7,022,000
19,998,000
194,648,160
116,461,500
224,542,100
584,335,360
127 595 600
50,457,860
401,504,850
305,581,050
122,173,540
25,330,000
26,886,120
27,236,512
6,303,000
1,600,000
1,970,660
1,628,320
99,706,150
43,825,600
4,096,949,077
228
REPORT ON T H E FINANCES.
N o . 6 9 . — B O N D S AND OTHER SECURITIES RETIRED FOR THE SINKING FUND DURING
THE
FISCAL Y E A R 1905,
Title of loan.
AND TOTAL PROM M A Y , 1869.
Retired
during fiscal
year.
•
From May, 1869.
Redeemed.
Purchased.
War-bounty scrip
$176.00
Loanof 1860
10,000.00
3,000.00 $10,612,000.00
Loan of February, 1861
1,400.00
256,800.00
Oregon war debt
78,460.00 48,776,700,00
Loan of July and August, 1861
30,047,400.00
24,029,160.00
6-20S of 1862
$10,000.00
23,100.00
19,864,250,00
Loan of 1863
691,600.00
10-40S of 1864
361, 600.00
6-20S of March, 1864
11,072,100.00
18,356, 100.00
6-20S of June, 1864
1,982,460.00 16,866, 150.00
6-20sof 1866
48,166, 160.00
65,460.00
Consols of 1866
32,115, 600.00
76,700.00
Consols of 1867
21,360.00
2,213, 800.00
Consols of 1868
200.00 26,086,200.00
43,699, 000.00
Funded loan of 1881
10,760.00
60,742,860.00
46,274, 850.00
Funded loan of 1891
300.00
129,053, 850.00
Funded loan of 1907
19,090,200.00
Loan of 1904
483,000.00
8,543, 650.00
66,633,000.00
Loan of July and August,1861,continued
37,220,300.00
Loan of 1863, continued
43,710,300.00
Funded loan of 1881, continued
168,692,760.00
Loan of July 12,1882
:...
Loan of 1908-1918
:
2,396,800,00
Funded loan of 1891, continued
1,000.00 25,330,000.00
Loan bf 1926
'43,'825,"566,'66'
Treasury notes issued prior to 1846
110.00
Treasury notes of 1861
""'i66.'66'
200.00
Temporary loan certificates, act 1862 ...
110.00
Certificates of indebtedness, act 1862
1,000.00
Certificates of indebtedness of 1870
678,000,00
One-year notes of 1863
5,036.00
146.00
Two-year notes of 1863
1,650,00
Compound-interest notes
'336.'66"
28,660.00
7.30s of 1861
1,460,00
300.00
7.30s of 1864-6
12,200,00
2,140.80 26,248,773.86
Fractional currency
United States notes
29,090,664.00
566,00
Old demand notes
3,186,00
National-bank notes
3,299,440,50 41,882,667.00
Refunding certificates
140,00
340,00
Total
No.
3,808,411,
668,532,259.85
Total.
$175,00
10,000.00
10,615,000.00
258,200.00
48,856,150.00
64,076,650,00
19,877,350,00
691,600.00
361,600.00
29,428,200.00
18,848,600.00
48,231, 600.00
32,192,300.00
2,236,150.00
68,685,200.00
97,017,700.00
129,063,850.00
27,633,860.00
66,633,000.00
37,220,300.00
43,710,300.00
168,692,750.00
2,396,800.00
26,330,000.00
43,825,500.00
110.00
200.00
110.00
1,000.00
678,000,00
6,035,00
1,650.00
28,650.00
1,450.00
12,200.00
26,248,773.85
29,090,564.00
3,186.00
41,882,657.00
340,00
496,302,290.00 1,063,834,649.86
7 0 . — B O N D S CALLED, REDEEMED, AND OUTSTANDING JUNE 30, 1905.
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 16,1873..
February 1,1874 . . .
September 3,1874 ..
September 6,1874..
November 1,1874 . .
December 1,1874...
January 1,1875
February 2,1876...
M a y l , 1876
J u n e l , 1876
June 11,1875
July 20, 1876
August 1, 1875
August 16, 1876
September 1,1875..
September 24,1876.
October 14,1876....
O.ctober 28,1876....
Total .
Call
No.
Amount
called.
$99,959,
16,222,
20,105,
49,878,
20,042,
14,336,
4,994,
5,020,
1,004,
26,017,
14,807,
10,168,
5,091,
16,028,
6,005,
29,998,
5,006,
6,001,
5,003,
10,000,
6,006,
10,004,
14,896,
391,600,600
Redeemed
during
year.
Total
redeemed.
Outstanding.
1,000
1,000
1,000
600
$99,942,5^0
16,218,850
20,098,150
49,864,750
20,031,900
14,331,600
4,993,300
5,019,850
1,003,960
25,012,200
14,806,050
10,166,750
5,091,000
15,020,200
6,006,050
29,991,200
6,005,700
6,001,550
6,002,350
9,996,350
6,004,060
10,003,050
14,892,760
$17,050
3,400
7,360
23,900
10,200
3,700
1,400
250
1,000
5,500
2,650
1,660
700
8,160
550
7,500
600
300
1,200
4,600
1,160
1,760
4,000
104,600
391,492,160
108,450
$39,000
5,500
3,000
1,000
3,000
10,500
4,000
10,000
4,000
11,000
10,000
229
TBEASUBER.
N o , 7 0 . — B O N D S CALLED, REDEEMED, AND OUTSTANDING J U N E 30, 1905—Continued.
Loan and maturity of call.
Five-twenties of June, 1864:
November 13, 1875
December 1,1875
Do
December 17,1875
January 1, 1876
February 1, 1876
February 16,1876
Do
Total.
Five-twenties of 1865:
February 16,1876'..
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 16,1877
June 27, 1877
July 6, 1877
August 6, 1877
Total .
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 3,1877 . .
March 6,1878
July 30,1878
August 6,1878
August 22,1878
September 6,1878..
September 20,1878.
October n , 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.
Amount
called.
Redeemed
during
year.
Total
reedemed.
Outstanding.
$9,104,600
8,043,900
6,024,760
6,012,900
6,020,500
10,012,660
12,802,960
3,024,050
$9,096,400
8,043,900
6,024,050
5,010,800
6,018,500
10,Oil, 650
12,801,860
3,024,050
$8,100
68,046,200
58,031,200
16,000
1,974,700
10,032,300
9,996,300
10,012,250
10,053,750
10,008,260
10,026,900
10,155,150
10,138,300
9,904,300
10,041,050
10,003,260
10,048,300
10,006,500
10,019,000
10,114,660
1,974,150
10,032,300
9,993,100
10,003,150
10,052,660
10,007,160
10,026,100
10,163,660
10,137,800
9,902,800
10,041,060
10,003,260
10,048,300
10,004,600
10,018,600
10,114,560
152,633,850
162,513,000
20,860
10,160,700
10,018,660
15,000,600
10,003,400
10,016,650
10,007,660
10,012,660
10,063,700
10,032,350
5,083,850
5,007,850
4,973,100
5,001,100
4,795,260
4,936,000
4,989,860
5,082,800
5,264,300
4,966,000
5,089,350
4,991,200
6,072,200
4,996,300
4,620,650
6,003,200
5,060,650
5,012,500
5,007,400
12,374,950
10,168,400
10,015,200
14,996,060
10,000,200
10,000,760
10,004,200
10,006,460
10,068,100
10,031,250
6,083,000
5,006,460
4,972,060
6,000,600
.4,792,200
4,931,800
4,985,760
6,082,700
5,261,300
4,964,800
5,087,300
4,991,050
6,071,800
4,996,100
4,620,600
6,001,700
6,059,660
5,012,100
6,006,400
12,372,160
2,300
3,460
6,550
3,200
14,800
3,450
6,200
5,600
1,100
850
L400
1,050
$60
700
2,100
2,000
1,000
1,100
550
3,200
9,100
1,100
1,100
800
L500
600
1,500
1,000
600
600
3,050
3,200
4,100
100
3,000
200
2,050
150
400
1,200
50
1,500
1,000
400
1,000
2,800
Total.
202,631,750
202,668,000
73,750
Consols of 1867:
April 1,1879 ..
April 4,1879 ..
April 6,1879 ..
April 8,1879 ..
April 11,1879..
April 14,1879.
April 18,1879.
April 21,1879.
April 24,1879.
April 28,1879.
May 1,1879...
May 6,1879...
May 12,1879..
Mav 17,1879..
May 24,1879..
9,983,700
9,893,300
10,314,700
10,006,650
9,389,600
20,104,700
19,604,800
18,579,500
21,622,950
20,253,900
20,161,250
20,044,250
19,868,600
20,219,200
19,407,450
9,981,300
9,883,450
10,311,600
10,002,650
9,386,000
20,096,200
19,696,650
18,672,850
21,617,250
20,248,700
20,168,250
20,041,050
19,847,150
20,214,850
19,403,650
2,400
9,850
3,100
4,000
3,600
8,500
8,250
6,650
5,700
5,200
3,000
3,200
11,450
4,350
3,800
230
No.
REPORT ON T H E EINANCES.
7 0 . — B O N D S CALLED, REDEEMED, AND OUTSTANDING J U N E 30^ 1905—Continued.
Loan and maturity of call.
Call.
No.
Consols of 1867—Continued.
June 4, 1879
June 12,1879
June 29, 1879
July 3,1879
July 4,1879
Amount
called.
$10,674,400
10,464,650
10,076,700
9,972,800
19,213,050
Total .
Consols of 1868:
July 4,1879..
Ten-forties of 1864:
July 9,1879
July 18,1879....
July 21,1879....
37,420,300
37,409,250
200
10,291,350
157,591,250
24,575,050
200
192,457,650
25,030,100
10,121,850
28,184,500
63,336,450
Total.
$10,668,100
10,463,400
10,064,900
9,971,000
19,210,100
309,739,000
10,294,150
157,607,600
24,575,050
101
103
104
$100
Total
redeemed.
309,846,150
Total .
Funded loan of 1881:
May 21,1881
August 12,1881...
Octoberl, 1881...
Redeemed
during
year.
25,029,100
10,097,250
28,182,350
200
63,308,700
Loan of July and August, 1861.
July 1,1881
102
Loan of 1863:
July 1,1881.
102
4,687,800
4,684,700
Loan of July and August, 1861, continued:
December 24,1881
January 29, 1882
March 13,1882
April 8,1882
May 3, 1882
May 10,1882
May 17,1882
June 7,1882
July 1,1882
106
106
107
108
109
110
111
112
113
20,031,650
20,184,900
. 19,564,100
20,646,700
5,086,200
5,010,200
6,096,650
16,109,950
11,227,600
20,031,560
20,184,900
19,564,100
20,546,600
6,086,200
5,009,200
6,096,660
15,109,450
11,227,600
121,857,650
121,856,050
15,024,700
16,304,000
3,269,750
16,024,700
16,304,000
3,269,650
34,698,450
34,598,350
25,822,600
16,119,850
15,221,800
16,215,350
30,753,350
25,822,550
16,119,850
15,221,800
15,215,350
30,753, 360
Total.
Loan of 1863, continued:
August 1, 1882
September 13,1882...
October 4,1882
114
115
116
Total.
Funded loan of 1881, continued:
December 23, 1882
January 18,1883
February 10, 1883
May 1, 1883
November 1,1883
117
118
119
120
121
Total.
Loan of July 12, 1882:
Decemberl, 1883..
December 15,1883.
February 1, 1884...
March 15,1884
May 1,1884
J u n e 20,1884
J u n e 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 15,1886.
October 1,1886
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
12,932,400
103,132,950
103,132,900
15,272,100
16,133,650
10,208,850
10,047,850
10,093,100
10,010,250
10,151,060
10,040,800
10,050,100
10,330,760
10,098,150
10,000,250
10,012, 750
10,009,850
10,002,900
4,001,850
4,007,700
4,004,950
10,003,650
15,005,000
15,272,100
16,133,650
10,208,850
10,047,850
10,093,000
10,010,250
10,151,060
10,040,800
10,050,100
10,330,750
10,098,160
10,000,250
10,012,760
10,009,760
10,002,900
4,001,850
4,007,700
4,004,950
10,003,650
15,006,000
Outstanding.
231
TBEASUBEB.
No.
7 0 . — B O N D S CALLED, REDEEMED, AND OUTSTANDING J U N E 30, 1905—Continued.
Loan and maturity of call.
Loan of July 12, 1882—Continued.
October 16 1886
November 1,1886
December 1,1886
February 1,1887
.
March 1,1887
April 1,1887 . .
. . . .
May 1,1887
July 1,1887 . . .
Call.
No.
142
143
144
145
146
147
148
149
Total
Amount
called.
Redeemed
during
year.
Total
redeemed.
Outstanding.
$16,122,400
15,008,300
10,005,350
10,010,900
13,887,000
10,007,760
10,014,250
19,717,600
$16,122,400
16,008,300
10,006,350
10,010,900
13,887,000
10,007,760
10,014,250
19,717,500
302,259,000
. 302,258,800
$200
Funded loan of 1891:
September 2,1891
150
26,467,000
$10,760
25,411,300
45, 700
Funded loan of 1891, continued:
August 18,1900
158
26,364,500
1,000
25,282,300
82,200
Loan of 1904:
February 1,1904
February 2,1904
159
160
14,712,450
4,672,600
483,000
14,712,450
4,377,760
294,850
19,385,060
483,000
• 19,090,200
294,860
2,057,681,950
699,800
2,066,766,950
826,000
Total
Aggregate
No.
7 1 . — P U B L I C DEBT, EXCLUSIVE OF CERTIFICATES AND TREASURY NOTES, AT THE
E N D OF EACH MONTH, FROM JANUARY, 1900.
Month.
1900—January . . .
February..
March
April
May
June
July
,
August . . .
September
October . .
November
December
1901—January . .
February.
March
April
May
.lune
July
August
Septeinber,
October . . .
November.
December
1902—January . . .
February..
March
April
May
June...t..
July
August
September
October
November
December.
1903—January . .
February..
March
April
May
June
July
August....
Interest
bearing.
Matured.
United States National-bank
notes and
notes, redempfractional cur- tion account.
rency.
$1,026, 863,050 $1,208, 410.26 $353,616, 422.16
1,026,,862,120
1,208,000.26 363,616,421.91
1,026, 862,140 •1,207, 600.26 353.614, 318.91
1,026, 863,490
1,182, 170.26 363,614, 318,91
1,026, 482,990
1,181, 880.26 353,614, 318.91
1,023', 478,860
1,176, 320.26 363,613,863.91
1,021. 125,160
1,176 310.26 353,613, 853,91
1,001, 499,260
9,201,960.26 353,613,273.91
1,001, 499,260
5,516, 220.26 353,613, 273,91
1, OOl! 499,750
3,430,030.26 353,613, 273,91
3,081, 410.26 363,613, 273.91
1, ooi; 499,750
499,770
070.26 363,613,273.91
2,664,
1,001,
2,023, 190.26 353,6.13,273.91
1,001 600,260
600,410
690.26 353,612, 325.91
1,830,
1, OOL
1,770, 140.26 353,612, 326.91
1,001, 500,410
363,612, 326.91
360,380
840.26
1,657,
996,
1,466, 120.26 353,611, 276.13
992, 024,480
353,611,
141,040
620.26
276.13
1,415,
987,
26 363,611, 226.13
1,400,
985, 476,060
363,611,
,640,090
620.26
225.13
1,393,
982,
1,343,660.26 353,611, 225.13
966, 966,120
363,611,
023,100310.26
226.13
1,341,
961,
1,340, 940.26 353,610, 002.13
949, 062,330
1,339,790.26 363,609, 366.38
943, 279,210
1,328, 1.26 353,609, 366.38
939, ,094,330
,021,160
1,316, 270.26 353,609, 175.38
937,
1,314, 120.26 353,609, 176,38
931, 070,700
070,750
1,302,
080.26 353,609, 172,13
931,
1,301, L 2 6 363,608, 187,13
931, 070,340
070,340
1,280,
860.26 363,608, 187,13
931,
1,276, 810.26 353,608, 187.13
931, 070,340
,070,340
1,267,
490.26 363,608, 187,13
931,
1,256, 860.26 353,608, 187.13
931, 070,340
370,230
1,266,
820.26 363,607, 467.13
916,
1,255, 810.26 353,607,467.13
914, 541,240
541,240
1,255,
710.26 353,607, 457.13
914,
1,230, 910.26 353,607, 467.13
914, 641,330
541,420
1,230,
510.26 353,607, 467.13
914,
1,230, 100.26 353,606, 664.13
914, 641,370
541,390
1,230,
050.26 353,606, 664.13
914,
1,214, 900.26 353,606, 664.13
914, 641,360
641,410
1,205*,
090,26 353,606, 104.13
914,
1,205, 070,26 353,606, 104.13
914, 541,400
641,400
1,204,
070.26 353,606,104.13
914;
Total.
$36,440, 318.00 $1,418, 127,200.42
35,663, 340.00
1,417,248,882.17
37,366, 294.60
1,419, 049,363.67
39,259, 664.00
1,420,919,633.17
37,113, 161,50
1,418,392,340.67
35,147, 878,60
1,413,416,912.67
33,290, 751.00
1,409,206,076.17
33,374, 308.00
1,397, 688,802.17
33,732, 795. .50 1,394,361,649.67
32,864, 298,00
1,391,407,362.17
32,167, 232,50
1,390,361,666.67
31,531, 632,50 1,389,298,646.67
30,472, 127,00
1,387,608,861.17
28,991, 227,00
1,385, 934,653.17
28,703, 664,50
1,385, 686,430.67
28,718, 918.60
1,379, 239,464.67
27,723, 088.00
1,374, 814,963.39
29,404, 309,50
1,371, 672,244.89
28,691, 234.50
1,369,179,339.89
28,676, 186,50
1,366, 321,121.89
29,696, 339.00
1,35i; 516,244.39
31,713, 019.50
1.347, 688,664.89
33,268, 870,50
1,337, 282,142.89
36,003. 208.50
1,333, 231,664.14 *
36,691, 029,00
1,330, 723,644,64
37,971, 313.00
1,329, 917,918,64
39,694, 625.60
1,325, 688,621.14
41,873, 957.50
1,327,855,959.89
41,839, 396.00
1.327, 819,802.39
42,071, 969.60
1.328, 031,356.89
41,929, 629.50
1.327, 884,966.89
41,646, 804.50
1,327, 682,821.89
42,733, 894.60
1.328, 669,281.89
44,696, 092.60
1,314,929,699.89
43,268, 362.60
1,312,672,869.89
42,169, 652.50
1.311, 674,069.89
42,908, 829.00
1,312,288,526.39
43,136, 981.60
1,312,616,368.89
43,147, 883.60
1,312,626,907.89
42,883, 611.00
1.312,261,605.39
41,494, 116.00
1,310,866,930.39
40,053, 308.50
1,309,406,912.89
38,962, 178.50
1,308,314,762.89
38,023,493.50
1,307,375,067.89
232
REPORT 01^ T H E FINANCES.
N o . 7 1 . — P U B L I C DEBT, EXCLUSIVE OF CERTIFICATES AND TREASURY NOTES, AT THE
E N D OF EACH MONTH, FROM JANUARY, 1900—Continued.
Interest
bearing.
Month.
1903—September
October . . . . . .
November
December
1904—January
Febriiary
March
April
May
. . ..
June
July
August
September—
October
November —
December ....
1905—January
February
March
April
Mav
June
July
August
September—
No.
$912,639,440 $1.197,050.26
906,277,060 1,196,930.26
902,911,240 1,196,720.26
1,196,630.26
901,747,220
900,470,960 1,196,630.26
895,166,700 3,161,680.26
896,156,740 2,670,510.26
896,167,440 2,347,480.26
896,167,430 2,109,950.26
895,157,440 1,970,920.26
896,167,640 1,881,130.26
896,167,630 1,841,270.26
896,167,630 1,662,220.26
895,167,770 1,627,700.26
896,157,470 1,495,400.26
895,157,470 1,447,260.26
895,157,610 1,431,470.26
896,167,630 1,417,320.26
1,406,450.36
895,167,630
896,168,070 1,401,046,26
895,158,240 1,377,166.26
895,168,340 L 370,245.26
896,168,720 1,264,736.26
895,168,700 1,266, "536.26
895,168,680 1,266,406.26
Total.
$353,606,104.13 $39,827,136,60 $1,307,169,729,89
38,959,809.50 1,299,039,903,89
353,606,104.13
1,295,006,839,39
37,292,775,00
363,606,104.13
1,293,626,775.39
36,976,574,00
353,605,451.13
L293,807,627.89
38,634,696.50
353,605,451.13
1,291,103,139.39
39,179,309.00
363,605,450.13
L 290,122,096.39
38,689,396.00
353,605,450.13
38,663,611.50 1,289,773,246,89
353,604,715.13
37,717,056,00
353,604,713.38
1,288,589,149,64
35,526,542,50 1,286,259,016.14
353,604,113.38
34,220,208,60
353,604,113.38
1,284,862,992.14
34,765,732,50 1,285,368,746.14
353,604,113.38
33,373,136,50 1,283,797,099.14
353,604,113.38
32,750,866,00 1,283,140,449.64
363,604,113.38
32,329,377.00 1,282,585,575.64
363,603,328. 38
31,933,951.50
353,603,328.38
1,282,142,010.14
30,363,106.50 1,280,665,416.14
353,603,328.38
30,077,818,60 L 280,265,997.14
353,603,328.38
353,602,765.68 . 30,279,435.00 1,280,446,180.84
31,374.742.00 1,281,636,622.84
363,602,765.58
31,349,852.50
353,602,247. 58
1,281,487,505.34
32,227,102.00 1,282,367,094.84
353,601,407.68
31,889,869.00 1,281,914,731.84
353,601,407.68
33,106,296.60 1,283,121,939.34
363,601,407.68
33,386,209.00
353,601,407.68
1,283,401,701.84
7 2 . — L A W F U L MONEY DEPOSITED IN THE TREASURY EACH MONTH OP THE F I S :
CAL Y E A R 1905, FOR THE REDEMPTION OF NATIONAL-BANK NOTES.
Month.
1904—July
August
September
October
November
December
1905—January
February
March
April
May
June
Total
IXo,
United States National-bank
notes and
redempfractional cur- notes,
tion account.
• rency.
Matured.
Five per cent
account.
Failed
account.
Liquidating
account.
Reducing
account.
$21,949,367.26
23.318.331.24
18,331,344.19
22,808,681.35
18,990,973.16
20,668,606.39
26,094,642.49
27.982.533.25
28,728,393.68
23,718,794.04
26,098,633.96
26,324,886.66
$24,400.00
66,600.00
24,750.00
125,000. 00
1,610,00
$1,358,628.00
421,669.00
1,003,966.00
299,162.50
1,064,606.00
1,482,126.00
1,064,760.00
1,386,145.00
1,524,413.00
2,220,010.60
999,650.50
2,406,162.50
$135,000.00
2,612,806.00
282,095.00
916.600,00
1,400,560,00
763,060.00
277,700,00
671,500,00
697,845,00
325,160.00
430,400.00
; 90,000,00
$23,467,296.25
26,319,305.24
19,642,154,19
24,023,333,86
21,446,128,16
23,013,781.39
27,637,130.49
29,940,178,26
30,850,651.68
26,263 954 64
26,653,684.46
27,821,658.16
282,914,986.66
642,288.00
16,220,186.00
8,301,696,00
307,079,155,56
200,000.00
200,128.00.
Total.
73.—DISBURSEMENTS FROM REDEMPTION ACCOUNTS OP NATIONAL BANKS EACH
MONTH OF THE FISCAL Y E A R 1905.
Month.
For notes
redeemed.
1904—July.......
August
September
October...
November
December.
1906—January...
°
February .
March
April
May
June
$24,767, 321.50
23,509, 853,60
23,705, 167.00
21,610, 164,60
21, 606, 421.60
23,886, 705.50
30,516; 802,60
30,212, 285.60
29,812, 803.50
23,615, 073,00
26,719, 474, 50
28,003, 698 00
Total....
306,866,660.60.
Transfers and Total disburserepayments.
ments.
Balance.
$84,462.60 $24,841,784,00 $48,636,468.13
138,387.36 23,648,240,86
51,207,632,52
612,663.00 24, 217 710,00
46,631,976.71
66,931.74 21,677,096,24
49,078,214.32
341,846,03 21,948,267, 53 ° 48,676,074, 95
508,158.12 24,394,863, 62
47,194,992.72
146,654.41 30,663,466.91
44,168,666.30
248,793.78 30,461,079.28
43,647,765.27
232,356,11 30,046,159.61
44,463,257.24
230,728.22 23,846,801.22
46,871,410.56
181,884.90 26,901,359,40
47,623,736.62
114,350,00 28,117.948,00
47,327,346.78
2,807,106,16 309,662,766, 66
233
TREASURER.
N o . 74.—NATIONAL-BANK NOTES RECEIVED FOR REDEMPTION FROM THE PRINCIPAL
CITIES AND OTHER PLACES EACH MONTH OF THE FISCAL Y E A R 1905, IN THOUSANDS
OF DOLLARS.
New
York.
Month.
Boston
Phila- Baltidelphia, more
1904—July..
Aug..
Sept..
Oct...
Nov..
Dec ..
1905—Jan ..
Feb..
Mar..
Apr . .
May..
June .
14,778
12,682
8,672
8,901
11,104
14,664
21,468
13,883
12,783
12,309
13,131
15,157
2,297
2,406
1,674
.2,068
2,008
2,141
2,226
1,626
1,927
L864
2,317
1,862
1,860
1,841
1,498
1,487
1,660
1,813
2,238
1,375
1,773
L760
2, 111
2,067
873
975
810
781
878
1,086
1,038
906
1,157
1,077
1,073
1,114
Total.
159,432
24,416
21,483
11,768
No.
• St:
New
Other
Chicago. Cincinnati. Louis. Orleans. places. Total,
626
1,912
621
2,033
1,627 • 542
561
2,020
474
1,879
682
2,404
631
3,132
647
2,037
540
2,490
716
2,188
1,027
2,510
857
2,566
1,977
L663
804
1,626
1,606
1,176
1,490
1,094
2,691
1,111
1,626
2,110
303
409
447
350
390
433
638
568
577
384
426
447
2,612
27,138
2,392 . 24,922
2,213
18,187
2,507 20,200
2,393 22,292
2,967 27,356
2,926
35,687
2,671 24,707
3,127
26,966
3,097 24,506
3,046 27,266
2,894 29,074
7,724
18,572
5,372
32,734 308,299
26,798
75.—REDEMPTIONS AND DELIVERIES OF NATIONAL-BANK NOTES EACH MONTH OF
THE FISCAL Y E A R 1905.
Month.
Redemptions.
1904—^July
August
September
October
November
December
1 yu6—January
February
March
April .
.•
May
June .
Total
..
On hand,
Deposited in charged to 6
Treasury,
per cent
account.
Deliveries on
redemption
accounts.
$26,650,637,83
24,843,555,90
18,774,262,70
20,116,716,83
22,194,060,95
26,726,082,48
34,867,806,20
26,373, 929.99
26,880,028.60
24,389,831.80
27,036,442,85
29,064,001,40
$24,736,971.50
23,280,003.60
23,280,987.00
22,212,384.50
21,743,071,60
23,846,956,60
29,734, 455,00
30,187,078,00
30,010,546,00
23,900,970, 50
25,752,079,50
27,876,118,00
$43,234,00
23,310,00
16,031,00
11,387.00
16,124.00
19,872.00
64,313,00
24,124.00
27,264.00
21,031.00
17,488.50
24,369.00
306,817,357.43
306,661,620.50
308,547.60
$501,250,00
731,100.00
1,156,270.00
463,050.00
316,400.00
356,160.00
1,138,497,50
1,163,705.00
965,962,50
680,065,00
647,460.00
774,940.00
On hand,
unassorted.
$16 004,525.21
17,314,917.61
12,367,992.31
10,963,157.64
11,534, 673.09
14,354,178.07
18,640,868.77
13,778,389.26
10,818,350.26
11,572,078.06
12,871,657.91
13,907,592.31
N o . 7 6 . — R E D E E M E D NATIONAL-BANK NOTES DELIVERED FROM THE TREASURY EACH
MONTH OP THE FISCAL YEAR 1905.
For return to For destruction For destruction
banks of issue. and reissue. and retirement.
Month,
1904—Julv . ..
August
September
October
November
December
1905—January
February
March
April
May
June..
Total.
.
$9,340,940,00
8,748,040,00
8,750,600.00
7,679,320,00
7,409,120.00
8,206,550.00
9,637,750.00
10,640,950,00
9,968, 500,00
8,292,200.00
8,608,350.00
9,114,550,00
$12,596,945.00
12,079, 366.00
12,301,^862,50
12,719,142,60
11,536,607.50
13,212,112.50
17,085,317.50
17,547,195,00
18,263,512,'60
14,291,922,50
15,639,840,00
17,143,660.00
106,286,870. (?0 174,417,382.50
Total.
$2,799,086.50 $24,736,971, 50
2,462,698,60 23,280,003,50
2,228,524.50 23,280,987.00
1,813,922,00 22,212,384.50
2,797,444,00 21,743,071.60
2,428,293,00 23,846,955.50
3,011,387.50 29,734,456,00
2,098,933,00 30,187,078.00°
1,788,633,60 30,010,546,00
1,316,848,00 23,900,970,60
1,603,889,50 25,752,079.60
1,617,908,00 27,876,118.00
26,867,368.00
306,661,620,60
Balance.
$16 505 776,21
18,046,017,61
13,523,262,31
11,416,207.64
11,85L073,09
14,710,328,07
19,779,366.27
14,942,094.26
11,784,312,76
12,252,143,06
13,519,017.91
14,682,532.31
234
REPORT ON T H E i^INANCES.
No.
7 7 . — N A T I O N A L - B A N K NOTES RECEIVED FOR REDEMPTION FROM THE PRINCIPAL
CITIES, AND OTHER PLACES, BY FISCAL YEARS, FROM 1895,
IN THOUSANDS OF
DOLLARS.
New
Ybrk.
Fiscal
year.
1895
1896
1897
1898
1899
1900
1901
1902 . . . . . .
1903
1904
1905
No.
$51,936
58,051
65,312
51,804
46,610
62,707
81,263
86,749
98,550
141,660
159,432
78.—RESULT
Fiscal
year.
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
No.
Boston.
$10,266
14,613
16,382
16, 606
13,342
12,427
19,467
18,672
19,543
22,834
24,416
Chicago.
$962
2,068
1,610
2,113
2,385
2,633
4,747
5,635
7,009
9,338
11,768
$4,028
5,778
6,431
5,163
6,050
4,804
8,562
14,192
18,739
21,910
26,798
$6,099
7,601
8,348
6,570
7,332
8,390
9,097
10,788
14,306
18,688
21,483
CincinSt.
nati.
Louis.
$1,705
3,112
1,684
1,465
1,718
L218
1,644
3,198
4,449
6,417
7,724
$1,731
3,836
2.172
1,895
2,283
2,320
6,008
12,847
9,311
12,301
18,672
Other
New
Orleans. places
$389
1,062
676
564
630
710
1,628
2,271
3,176
4,034
5,372
Total.
$9,603 $86,709
12,140 108,261
12,160 113,574
97,112
10,942
90,838
11,488
96,982
11,773
15,171 147,487
17,517 171,869
21,347 196,430
24,960 262,142
32,734 .308,299
OP THE COUNT OP NATIONAL-BANK NOTES RECEIVED FOR
DEMPTION, BY FISCAL YEARS, FROM 1895.
Claimed by
owners.
"Overs."
Counter" S h o r t s , " R erfeej rercetde da. n d
feit,
$86,940,748.64
108,260,978.05
113,226,181.47
97,459,282.47
90,838,301.01
96,982, 607.88
147,486,677.93
171,512,762.90
196.786,126. 51
262,141,930.23
308,298,760.03
$7,553.64
7,654.71
5,423,79
10,383,40
16, 615,50
8,092,26
19, 903,52
7,269,23
29,339,97
18,489,36
61,102.05
$2,062,90
$575,708.51 $1,680.50 813,226,96
7,682,70
352,355.27 2,069,60 15,598,95
3,841.50
43,80
626,331.70 1,508.75
11,957.50
76,20
362,846.95 1,424.50
15,911.20
121, 80
681,108.05 1,227.00
11,685.80
124,70
750,902.15 1,706,00
20,620.30
143,95
340,635.30 1,432,00
6,999.40
174,62
462,968.75 1,754,00
12,998.30
200,40
439,173.50 L 9 0 L 0 0
30,839.28
260,81
386,635,86 1,307,00
19,032.80' 1,621,902.10 1,308,00
261,75
Express
charges.
RE-
Net proceeds.
$86,355,723.22
107,891,026.34
112,599,879.51
97,103,360.72
90,156,548.46
96,226,281.48
147,143,649.90
171,048,135,36
196,361,193.28
261,742,386. 65
306,817,357. 43
79.—DISPOSITION M A D E OP THE NOTES REDEEMED AT THE NATIONAL-BANK
REDEMPTION AGENCY, BY FISCAL YEARS, FROM 1895. •
Fiscal year.
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
Deposited in
Treasury.
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
a n d reissue.
and retirement.
1896
1896
1897
1898
1899
1900
1901
1902
1903
1904.
1905
No.
$35,056,620
46,946,190
37,669,960
27,124,260
23,472, 650
26,620, 660
67,668,716
67,303,520
62,663,430
92,025,655
106,286,870
$40,094,640,00
43,866,376,00
69,014,687.50
64,858,156,50
50,530,827,50
49,006,445,00
71,432,232,50
89,646,745,00
.104,604,266,50
136,444,406,00
174,417,382.60
$13,068,369. 00
11,223,150. 00
11,092,355.50
15,990,460.00
16,649,275.50
17,909,793.00
18,626,437.60
20,085,274.60
26,272,086.00
30,936,971.00
25,857,368.00
$66,341.00
91,894.00
69,019,00
71,155.00
84,926.00
111,699.00
122,883.13
148,477.00
174,806,50
^91,361,00
308,547.50
Balance on
hand.
$4,203,973. 31
9,967,390.65
4,731,248,16
3,790,578,38
3,209,447.84
6,787 132.32
6,080,514.09
9,944,632.95
12,691,238.23
14,736,342,88
14,682,532,31
§ 0 . — M O D E OP PAYMENT FOR NOTES REDEEMED AT THE NATIONAL-BANK
REDEMPTION AGENCY, BY FISCAL YEARS, PROM 1895.
Fiscal year.
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
P h i l a d e l - Baltimore.
phia.
Transfer
checks.
U n i t e d S t a t e s Silver c o i n . C r e d i t i n g e n currency.
eral account.
$40,374,030.32 $31,626,706.66
48,774,713.30 29,331,636.61
55,567,032,90 36,525,208.00
42,186, 863.86 39,921,232. 76
24,730,838.16 49,339,819. 20
28,433,009.35 65,877,983.30
66,936,811.50 58,986,976.64
61,870,406.50 74,811,828,26
63,546,611.10 95,919,863.47
95,694,893.78 123,598,061.41
107,599,646.95 146,613,677.16
$61,236.65 $13,604,664.93
82,669,45 28,893,499.85
57,208,70 19,084,126.58
83,747.40 13,733,920.92
84,399.50 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
47,084,45 36,178,517,50
31,829. 60 41,360,571,40
81,430. 80 50,629,868.00
Credit in
redemption
account.
$690,094,66
808,507,13
,1,366,304,33
1,177,596,79
1,016,62L41
456,009,20
669,909,86
716,084.80
' 669,216,76
1,157,040,46
1,992,834.52
Total.
$86,355,723,22
107,891,026,34
112,599,879.51
97,103,360.72
90,156,548.46
96,226,281.48
147,143, 649.90
171,048,135.36
196,361,193.28
261,742,386.65
306,817,357.43
235
TREASURER.
N o . S l . — D E P O S I T S , REDEMPTIONS, ASSESSMENTS FOR EXPENSES, AND TRANSFERS AND
REPAYMENTS ON ACCOUNT OP THE F I V E P E R CENT REDEMPTION FUND OF NATIONAL
BANKS, BY FISCAL YEARS, PROM 1895.
Fiscal year.
Deposits.
$76,530,066.60
91,565,066.77
107,249,316.44
83,511,779.36
75,886,139.10
78,354,882.88
131,635,726.84
148,687,860.75
169,458,351.28
230,952,146.79
282,914,986.66
1896
1896
1897
1898
1899
1900
1901
1902
1903
1904
1906
Redemptions,
Assessments.
$74,907,472,50
90,967,815,00
106,608,977,50
81,817,265,50
73,982,227.50
74,872,477,60
128,928,836,00
147,010,875,00
167,643,585,50
228,324,620.00
280,998,292.60
$107,222.51
100,159.28
114,814.32
125,971.49
130,417.31
121,420.28
122,644,28
153,334,03
156,409, 72
176,464,24
223,672,88
Transfers a n d
repayments.
$510,917.34
273,425,83
671,838,92
924,597.79
1,041,481.13
1,021,916.07
723,459.79
1,622,486.62
1,176,007.51
1,351,77L62
977,1.91.78
Balance.
$7, 349,343.80
7,673 009 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
13,285,123,45
14,384,414.38
15,100,243.78
No.
§ 2 . — 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, PROM 1895.
Fiscal year.
Deposits.
Redemptions.
Transfers a n d
repayments.
Balance.
FAILED.
1895
1896
1897 .
1898
1899
1900
1901
1902
1903 ..'.
1904. .
1905
.
."
..
$274,293,50
613,180,50
1,510,952,50
563,831,00
908,422,00
1,275,002,00
266,171,00
704,616.00
492, 798.00
428,536.50
642,288.00
$754,044.00
786,163.60
938,538.00
699,340.00
648, 111, 50
687,831,50
681,552,00
730,306,00
607,059,60
805,763.00
733,434,00
$25,020.00
^ 1,810.00
450.00
56,230,00
6,352.00
30.00
381, 00
100,00
8,704,00
3,72L50
$987,010.00
789,007,00
1,359,611,60
1,223,652,60
1,527,733,00
2,108,551.60
1,693,140,60
1,667,070.50
1,552,709.00
1,166,777.60
1,071,910.00
2,596,457.60
L 853,255,00
2,174,129.50
3,396,569.60
4,669,753,00
2,601,184,00
2,529,815,00
7,609,494.50
9,536,387,60
7,599,077,50
15,220,186. 00
3,225,443,00
2,868,828,60
2,808,41L50
2,502,099,00
3,088,015,00
3,207,666,00
3,341,847.60
4,455,127,00
6,336,116,60
7,670,603,00
9,012,030,00
33,973,60
73,038,00
82,690,00
13,066,00
39,674.50
65,202,00
13,775,00
28,121.50
20,048.00
70,820.60
41,240.50
16,870,665.00
15,782,043.50
15,065,071.50
15,946,466.00
17,488,529.60
16,716,845.60
15,891,038.00
19,017,284.00
22,197,507.00
22,056,161.00
28,222,067.60
9,346,995.50
3,659,307.00
12,324,430.00
18,800,530.00
18,121,441.00
14,626,460.00
.10,86L289,00
25,232,209.50
17,181,070.00
18,879,475,00
8,301,695.00
9,088,882,00
7,568,168,00
7,345,406.00
12,789,021.00
13,013,149.00
14,014,295,50
14,603,038,00
14,899,842,50
19,328,910,00
22,460,605,00
16,111, 895.00•
127,600. 50
62, OOL 00
476,042.00
722,434,50
1,630,201,50
1,090,802.00
760, 601.50
764,883.00
2,936,682,50
417,368.50
1,661,279.60
7,501,824.00
3,530,972.00
8,033,954.00
13,323,028.60
16,801,119.00
16,322,481.50
11,820,131;00
21,387,615.00
16,303,092.60
12,304,604.00
2,933,124.60
12,217,746.60
6,125,742.50
• 16,009,512.00
22,760,920.50
23,699,616,00
18,402,646.00
13,667,276.00
33,646,320.00
27,210,255.60
26,907,088.00
24,164,169.00
13,068,369.00
11,223,160.00
11,092,356.60
15,990,460.00
16,649,275.60
17,909,793.00
18,626,437,60
20,086,274,50
26,272,086,00
30,936,97L00
25,857,368.00
161,574.00
160,059,00
560,542,00
735,950,50
1,726,106,00
1,162,366.00
774,406,60
793,385,50
2,956,830.50
496,883.00
1,606,241.50
25,359,489.00
20,102,022.60
24,468,637,00
30,493,147,00
35,817,381.60
35,147,878,50
29,404,309; 50
42,071,969,50
40,053,308,50
35,626,542.50
32,227,102,00
IN LIQUIDATION.
1896.
1896
1897
1898
1899
1900
1901
1902
1903
1904...
1906
-
B E D U C I N G CIKCULATION,
1896
1896 . .
1897
1898
1899.
1900
1901
1902
1903
1904
1905
'
.
AGGREGATE,
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
..
:.
.
236
REPORT ON T H E FINANCES.
N o . 8 3 . — E X P E N S E S INCURRED IN THE REDEMPTION OF NATIONAL-BANK NOTES, BY
FISCAL YEARS, FROM 1895.
Fiscal year.
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1906
No.
•-..
C h a r g e s for
transportation.
$21,036,82
32,618,93
44,618,50
34,337,93
30,725,56
31,767.33
55,549,75
59,957, 96
67,998.88
95,580.12
111,561,20
Salaries.
$76,411,97
77,766.54
77,977,62
87,183.64
•87,161,01
86,986.30
87,056,10
87,426,25
99,802.67
114,640.80
126,237.63
Stationery,
Contingent
printing, a n d
expenses.
binding.
$2,173.41
2,825.97
2,515.92
3,387.11
1,966.34
3,561.94
2,859,25
4,621,51
4,693,88
6,055,20
7,606,28
$731.69
974.19
49.69
1,015.67
1,438.49
669,19
771,08
1,791, 61
1,982,19
2,917,01
2,668,15
R a t e of
expense per
$1,000.
Total.
$100,352,79
114,085,63
126,061.73
125,924.35
121,29L40
122,984,76
146,236,18
163,796,33
174,477,62
219,093.13
247,973,26
$1.16
L125
1,0701
1,29646
1,34611
1,33558
.9956
.92444
. 90262
.84716
. 80993
§ 4 . — G E N E R A L CASH ACCOUNT OP THE NATIONAL-BANK REDEMPTION AGENCY FOR
THE FISCAL Y E A R 1905 AND PROM JULY 1, 1874.
For fiscal year. From July 1,1874.
DR.
Balance from previous year
National-bank notes received for redemption
" Overs "
Total
$14,736,342.88
308,298,760.03
'61,102.06
$4,028, 931,883. 66
486,746.76
323,095,204.96
4,029,417,630.31
286,870.00
274,750.60
308,647.50
518,166.90
261.76
1,308.00
3,735.20
19,032.80
14, 682,532.31
1,447,196,721.00
2,411,742,383.10
135,481,030,68
19,604,430,46
85,502,39
87,013. 60
137,387,82
400,628.95
14,682,532.31
323,096,204.96
4,029,417,630.31
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 "
Cash balance June 30,1906
TotaU
237
TEE.'VSUREB.
N o . 8 5 . — N A T I O N A L - B A N K NOTES OUTSTANDING AT THE E N D OP EACH MONTH, AND
MONTHLY REDEMPTIONS, PROM JANUARY, 1900.
Month,
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 ..
November
December
Outstanding.
Redemptions.
$247,068,743 $12,196,432
7,367,144
249,616,228
7,133,696
271,034,337
8,368,204
286,369,366
300,669,768 12,054,086
309,640,443 13,043,599
320,096,891. 13,666,718
324,304,325 13,072,084
8,677,348
328,416,428
8,443,068
331,693,412
9,667,510
332,292,300
340,141,174 10,611,186
346,821,871 19,482,764
348,656,255 12,799,120
350,101,405 12,358,659
360,764,267 11,305,800
351,582,690 14,188,094
363,742.187 13,415,238
356,152,903 13,378,875
357,419,165 14,336,672
8,792,245
358,830,648
359,911,683 11,384,984
359,720,711 11,087,009
360,289,726 13,351,267
369,444,616 20,863,764
368,434,867 14,999,349
357,476,407 14,610,899
356,987,399 15,450,660
366,747,184 17,243,763
356,672,091 16,369,881
358,984,184 15,334,968
361,282,691 13,213,682
366,993,698 11,242,551
380,476,334 12,483,910
384,864,614 13,600,790
384,929,784 18,557,201
Month.
1903—January...
February..
March
April
May
June
July
August
September.
October . . .
November.
December.
1904—January.-,
February..
March
April
May
;
June
July
August
September.
October . .
November
December
1906—January . .
February.
March
April
,
May :
June
July
August . . .
September
Outstanding.
973,646
382, 798,846
382, 619,258
391, 161,728
406, 443,206
413, 670,650
417, 346,487
418, 587,975
420, 426,535
419, 610,683
421, 106,979
425, 163,018
426, 857,627
430, 324,310
434, 909,942
437, 080,673
445, 988,565
449, 236,096
450, 206,888
452, 516,773
456, 079,408
457, 281,500
460, 679,076
464, 794,166
467, 422,853
469, 203,840
476, 948.945
481, 244.946
488, 327,516
495, 719,806
603, 971,395
•612, 220,367
616, 352,240
Redemptions.
24,364,960
13,916,434
14,446,393
17,012,686
20,676,367
21,679,690
22,963,412
18,866,085
16,830,610
17,488,970
13,654,484
22,080,483
29,541,701
21,006,260
21,567,430
23,783,646
25,702,886
28,676,063
27,138,361
24,922,175
18,187,050
20,200,160
22,291,967
27,356,322
36,687,232
24,706,431
26,964,598
24,505.427
27,265,778
29,074,269
26,624,807
22,912,286
19,073,610
N o . 8 6 . — A V E R A G E AMOUNTS OP NATIONAL-BANK NOTES REDEEMABLE AND AMOUNTS
REDEEMED, BY FISCAL YEARS, PROM 1895.
Out of deposits for retireraent.
Out of 5 per cent fund.
Fiscal year.
Average
redeemable.
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
•
$27,720,318
22,604,148
21,613,208
29,679,023
32,023,249
36,424,466
31,258,712
35,966,721
43,179,711
38,920,347
32,798,436
Average
redeemable.
Redeemed,
fit for use.
Redeemed,
unfit for use.
$13,068,369 $180,140,091
11,223,150
194,529,242
11,092,356
211,376,241
15,990,460
198,491,851
16,649,276
207,264,424
17,909,793
223,869,280
18,626,437
308,625,545
20,085,275
322,207,220
26,272,086
339,993,484,
30,936,971
389,966,135
26,867,368
435,487,040
$35,056,620
46,946,190
37,659,960
27,124,260
23,472,650
26,620,660
67,668,715
57,303,520
62,663,430
92,025,555
106,286,870
$40,094,540
43,866,376
69,014,688
64,858,156
60,630,828
49,006,446
71,432,232
89,646,746
104,604,266
136,444,406
174,417,383
Redeemed.
Total
redeemed.
$76,150,160
90,812,565
106,674,648
81,982,416
74,003,478
74,627,106
129,100,947
146,950,266
167,167,696
228,469,960
280,704,253
238
No.
REPORT ON T H E FINANCES.
87.—PERCENTAGE
ASSORTED
EACH
OP
OUTSTANDING
FISCAL
YEAR
Division.
Maine
Nevv H a m p s h i r e .
Vermont
Massachusetts . . .
Boston
Rhode Island
Connecticut
NewEngland .
NewYork
NewYork City...
New Jersey
Pennsylvania
Philadelphia
Delaware
Maryland
:
Baltimore
Districtof Columbia .
FROM
NATIONAL-BANK
1896,
BY
NOTES
GEOGRAPHICAL
1897.
R:^DEEMED
DIVISIONS.
1903.
1904.
64.88
67.93
70.36
69.66
87.66
67.64
80.56
43.01
47.95
52.81
52.28
49.13
62.64
61,48
58.76
48.43
61.71
66,20
66,87
40.85
43,41
46,81
48,31
38,63
39,77
40.05
45,47
66,23
58,00
53,87
60,94
61,55
53,43
53,32
61.78
55,33
69.69
59.03
64.85
48,77
53,30
60,54
61,17
54,61
52,38
49,07
48,22
43.84
43. 54
54.51
56.96
66,95
61,95
56,27
63.67
73.26
60.95
50.25
55.40
69.24
101.62
89.17
73.51
64.78 62.13
8L97
61.10
83.16 64.15
134.30
74.24
64.20
60.71
75.52
67.59
59.88
43.14
61.19
56.26
54.66
52.08
46.50
46.88
54.44
59.38
47. 98
46.12
63.73
58.43
66.88
43.46
36.14
36.69
61.82
42.88
40.85
52.98
37.95
48.81
44.74
38.54
39.71
52.69
39.99
49.36
46.91
40.68
31.62
36.98
32.76
34.45
45.12
30.97
38.61
33.97
32.32
19,58
34,66
30,48
37,97
37.26
30,30
50.02
27.06
31.67
19,31
25,99
42,65
54,87
33,67
39,40
27.83
26,54
20,34
46.37
32,03
63.23
64,53
47.68
41,68
43,67
31.25
36.81
46.29
36.67
51,22
52,18
41.08
47.29
42,01
34,47
41,00
39.42
49.84
50.33
44,88
42,66
43.10
47,23
66,22
41,67
58,23
38,75
43,62
34,23
34,48
3L69
37,88
27.33
30,53
24,84
3L84
24.02
27,88
22,30
27,80
27,57
25.67
23. 04
23.40
31.95
28.19
26.15
31.89
36.01
38.67
31.60
34.10
Southern.
42.70
37,07
29,36
26,91
28,60
Ohio
Cincinnati.
Indiana
Illinois
Chicago
Michigan
Wisconsin
Minnesota
Iowa
Missouri
•.
St. L o u i s . . .
42,98
32,69
27.38
25.05
22.70.
27.62
31.61
3L29
39.57
30,65
31,62
24,69
26,91
21,66
21,45
21.31
22,12
24,41
26,93
26,29
32,84
28,74
35,46
37.12
34.02
32,32
36,68
42,00
33.92
3L24
32,27
32,66
30,95
29,36
27.41
27.41
28,24
23.11
26, 36
22,69
22,16
22,4.9
19,36
23,98
21,18
24,12
21,10
20,15
27.71
24,98
25,26
24,40
24,93
27,65
27,04
26,45
27.90
41,18
31.37
31.39
29.76
32.61
38.26
Eastern .
Virginia
West Virgiiiia
North Carolina ..
South Carolina ..
Georgia
Florida
Alabama
Mississippi
Louisiana
. New Orleans.
Texas
Arkansas
Kentucky
Tennessee
Porto Rico
55.65
41.69
51.11
39.59
68.68
42.62
70.48
46.39
44.03
50.76
41.04
49.37
42.75
61.44
46.78
70.77
48.79
67.31
80.46
36.81
34.86
36.68
35.06
6.76
63.26
5L69
54,64
62,29
68.66
49, 63
47,66
48.92
39,25
74,87
41,82
32,20
42,24
38, 63
67,26
41,25
47.65
35.77
41,76
52,43
35.88
35,60
66.69
34.42
30,70
34.43
35.62
28,83
6L68
38.65
32.18
26,76
23,02
22.06
26.25
32.00
34.45
39,59
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Indian Territory.
33,58
35,56
34,40
33,66
32,00
39,56
36.87
38,05
46,18
29,80
34.49
38,70
37,76
33,25
31,97
40.26
33,61
37.15
46.65
29.46
29.26
31.84
31.08
28,28
27.55
36.91
29.88
33.16
43.08
22.03
25.22
29.83
26. 67
25.12
25.10
32.90
23.56
27.86
34.11
20.66
24,59
25,42
23,26
22.17
25,56
22,95
23,56
25.12
20.38
21,41
23, 37
28,30
24.64
22.42
30.64
25.07
22.19
29.80
17.46
28.70
26.34
28.63
31.76
29.63
27.80
29.41
32.32
32.41
30.38
33.41
29.89
31.40
34.61
32.00
33.70
34.53
39.72
37.97
32.24
37.13
34.83
35.91
36,30
34,64
37.80
38.33
40.43
44.84
34.90
39.48
Western . . .
34.61
35.12
29.81
25.47
23.33
24.04
30.62
34.52
36.79
37.90
54,61
46.98
40.25
78.28
6L38
30,84
37,26
39.63
29.33
29,36
28,22
27.87
29.56
45.30
30.68
33.46
32.24
33.92
35.24
37.36
38.28
46.82
43.00
34.76
20.29
60.28
39.69
36.04
20.00
63.56
31.20
31.92
16.29
51.36
32.79
31,26
16.20
52,87
28,73
6,33
30,43
21,70
32.91
28,17
25,60
28.02
21.66
33.73
32,21
16,00
12,58
29,21
29.67
37.48
37.36
12. 00
54.66
34.06
33.26
41.54
42.96
10.00
45.22
44.06
5L22
48.72
46.33
38.46
43.98
28.47
49.66
18.40
139. 99
34.90
30.54
36.64
41.60
47.57
47.85
50.23
42.61
37.83
35.85
43.44
46.82
6L68
60.62
Middle.
Washington
Oregon
California
SanFrancisco.
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii
Pacific
United States.
33.18
AND
239
TREASURER.
No.
8 8 . — A V E R A G E AMOUNT OP NATIONAL-BANK NOTES
REDEMPTIONS, BY FISCAL YEARS, PROM
Year.
Average
outstanding.
R e d e m p t ions.
Average
outstanding.
Per cent.
$354,238,291 $155,520,880
1876
209,038,855
1876
344,483,798
242,885,376
1877
321,828,139
213,161,458
1878
320,625,047
157,656,645
1879
324,244,285
61,585,676
1880
339,530,923
69,650,259
1881
346,314,471
76,089,327
1882
359,736,050
102,699,677
1 8 8 3 . . . . . . . . 369,868,524
1884
347,746,363 • 126,152,572
150,209,129
1886
327,022,283
130,296,607
1886
314,816,970
87,689,687
1887
293,742,062
99,162,364
1888
265,622,692
88,932,059
1889
230,648,247
70,266,947
1890
196,248,499
No.
1
Year.
Amount.
43.90
60.68
75.47
66.48
48.62
18.13
17.22
2L15
28,63
36.27
45,93
41,38
29,85
37, 32
38.55
35. 80
OUTSTANDING
1875.
1891
1892
1893
1894
1896
1896
1
1897
1898
1899
1900
1901
1 1902
1903
1904..'.
1905
.
$176,911,373
172,113,311
174,765,356
205,322,804
•. 207,860,409
217,133,390
232,888,449
228,170,874
239,287,673
260,293,746
339,884,257
358,173,941
383,173,195
428,886,482
468,285,475
AND THE
Redemptions.
Amount.
Per cent.
$67,460,619
69,626,046
75,845,225
105,330,844
86,709,133
108,260,978
113,673,776
97,111, 687
90,838,301
96,982,608
147,486,678
171,869,258
196,429,621
262,141,930
308,298,760
38.34
40.45
43.40
51.30
41.71
49.86
48.76
42,56
37.96
37.26
43,39
47,98
5L26
6L12
66,84
8 9 . — A S S E T S AND LIABILITIES OP THE F I V E P E R CENT REDEMPTION F U N D OF
NATIONAL BANKS AT THE E N D OF E A C H MONTH OF THE FISCAL Y E A R 1905.
Assets.
Month,
1904—July
August
September.
October
November.
December .
1905—January . . .
February..
March
April
May
June
Liabilities.
On deposit National
in
bank notes Expenses
paid.
Treasury. on hand.
$847,472
5,179,086
4,669,581
905,054
3,356,191
3,926,342
3,406,522
1,138,424
$16,505,776
18,046,018
13,623,263
11,416,208
11,851,073
14,710,328
19,779,366
14,942,094
11,784,313
12,252,143
13,519,018
14,682,632
Total.
To national
On other
To
banks.
Treasury. accounts.
$77,287 $16,583,063 $14, 316,
77,287
18,123,306 16,441,
77,287
14,448,022 13, 258,
16,814,387 16, 327,
219,093
16,597,883 16,246,
77,229
15,644,899
15,261,
29,617
29,517 19,808,883 13,805,
14,971,611
13,569,
29,617
15,170,021 14,173,
29,617
16,208,002 15,496,
29,617
16,964,057 16,273,
29,517
15,100,
89,255 15,910,211
$1,733,117
917,687
4,836,719
208,701
$533,686
763,818
1,189,181
487,039
351,185
383,858
1,166,604
1,192,963
996,199
711,333
680,174
809,967
N o . 0 0 . — C H A N G E S DURING THE FISCAL Y E A R 1905 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 30,1904;
Regular roll
Detailed
466
11
D
477
Died
:
Resigned...:
Transferred from Treasurer's Office
Discontinued
Detailed from Treasurer's Oflice ..•.
Details discontinued
8
30
6
3
3
11
61
Appointed
Reinstated
Transferred to Treasurer's Office
Detailed to Treasurer's Office
—
;
18
12
44
-9
. 83
22
Total force June 30,1905
No.
499
9 1 . — A P P R O P R I A T I O N S M A D E FOR THE FORCE EMPLOYED IN THE TREASURER'S
OFFICE AND SALARIES P A I D DURING THE FISCAL Y E A R 1905.
Roll on which paid.
r S " -
Regular roll
Reimbursable roll (force employed in redemption of national
currency)
Total
'.
-
1 E-Pended. { ^ ^ ^ ^ l ^ ^
$402,208, 00 $399,178.97
$3,029.03
112,315,00
104,739.87
7,675,13
514,523,00
503,918,84
10,604,16
EEPORT OF THE DIRECTOR OF THE MINT.
TREASURY DEPARTMENT,
B U R E A U OF THE M I N T ,
WasMngton, D. 0., November 24., 1905.
SIR : I have the. honor to submit herewith the thirty-third annual
report of the Director of the Mint, covering the operations of the
mints and assay offices of the United States tor the fiscal year ended
June 30, 1905, with such available statistics for the fiscal y e a r as may
be valuable in connection therewith.
COINAGE OF THE YEAR.
The coinage mints at Philadelphia, San Francisco, and New Orleans
were in operation throughout the fiscal year. The domestic coinage
amounted in value to $91,172,729.83, while the number of pieces
executed, including the coinage for the Philippines, Panama, Costa
Rica, and Salvador, was 189,097,828.
T H E SILVER DOLLAR.
The stock of silver bullion purchased under the act of July 14, 1890,
is now exhausted, and the coinage of the dollar piece is at an end
unless Congress at some future time shall provide for its resumption.
The silver dollar was originally authorized by the act of April 2,
1792, the first coinage act of the United States. The first dollar
pieces were struck at the mint in Philadelphia in 1793. At that time
the French and Spanish coins were a legal tender in the United States
and in common circulation. As they were more or less abraded they
drove the new and full-weight coins out of circulation and caused
them to be exported almost as they left the mint. As a result of this
movement President Madison issued the following order:
DEPARTMENT OF STATE, May 1,1806.
SIR: In consequence of a representation from the director of the Bank of the United
States that considerable purchases have been made of dollars coined at the Mint for the purpose of exporting them, and as it is probable further purchases and exportations will be
made, the President directs that all the silver to be coined at the Mint shall be of small
denominations, so that the value of the largest pieces shall not exceed half a dollar.
T am, etc.
JAMES MADISON.
ROBERT PATTERSON,
Esq.,
Director of the Mint.
H, Doc. 9, 59-1
16
241
242
REPORT ON T H E FINANCES.
Following this order not another dollar was struck for thirty years.
In 1836 dollar coinage was resumed, but only 1,000 pieces were issued.
In 1837 and 1838 none were made.
The acts of 1834 and 1837, revising the coinage laws, undervalued
silver as compared with gold, and the annual coinage of silver in the
succeeding years, except for change, was small, never reaching
$1,000,000 until 1871. The act of February 12, 1873, dropped the
silver d.ollar from the list of coins, and none were issued in 1874, 1875,
1876, or 1877. The act of February 28, 1878, authorized and directed
the Seeretary of the Treasury to purchase at the market price not less
than $2,000,000 worth of silver bullion per month nor more than
$4,000,000 worth per month and to coin the same into dollars on government account. These purchases continued until the act of July
14, 1890, went into effect. The total coinage under the act of 1878
was $378,166,792, upon which a seigniorage of $69,887,532.29 was
realized.
The act of 1890 provided for the purchase of 4,500,000 ounces, or
so much thereof as might be offered, in each month at the market
price, not exceeding $1 for 371.25 grains of pure silver. Under this
act, which was repealed November 1, 1893, $187,027,345 dollar
pieces and $33,118,575.05 in subsidiary coins have been issued, and
$64,277,453.71 has been realized as seigniorage.
The total issue of silver dollars from 1793 to the cessation of dollar
coinage has been $578,303,848. The aggregate of all seigniorage on
bullion purchased under the acts of 1878 and 1890 was $134,164,986.
The average purchase price of silver bought-in the fiscal year 1878
was $1,204 per fine ounce, and the average price in the last year purchases were made, the fiscal year 1904, was 73.1 cents per ounce. The
bullion value of a silver dollar in the fiscal year 1878 was 93.1 cents
and in the fiscal year 1894 56.5 cents.
SUBSIDIARY SILVER COINS.
The only silver bullion purchases now being made are the unimportant amounts contained in gold bullion. As there is practically
no bullion in the mints and the stock of subsidiary coin is low, it will
be necessary at an early day to resume purchases on a larger scale
unless Congress directs some other course. In this connection I
would call attention to the fact that under section 3527, Revised Statutes, the mints are required to pay out subsidiary coin over their
counters on demand in exchange for lawful money. This should be
repealed, and the transactions of the mints confined to orders received
from the Treasury Department. The subsidiary coins are redeemable at the offices of the Treasury and should be issued at these offices.
There is a constant demand for new coin at the mints while an abundance of coin in good condition lies in the Treasury offices.
MINOR COINAGE.
The manufacture of 1 and 5 cent pieces is now confined by the act
of 1873 to the mint at Philadelphia. At the time this act was passed
. none of these coins were in use on the Pacific coast, and the mint at
New Orleans was closed. These coins now circulate all over the country and no reason exists why their manufacture should be confined
DIRECTOR OF* T H E M I N T .
243
to the Philadelphia mint. The Secretary of the Treasury should have
authority to direct their coinage at any of the mints. No special
machinery is required, and the natural and economical distribution
of the work would be to make at each mint the coin to be distributed
in the territory most conveniently supplied from it. These coins are
now shipped from the Philadelphia mint to the Pacific coast, and
express charges paid upon their money value, while copper can be
bought at the San Francisco mint at practically the same figure as at
Philadelphia.
The law now provides a minor-coinage metal fund of $50,000, which
the Secretary of the Treasury is authorized to place at the disposal of
the Superintendent of the Mint, to cover the cost of metal and minor
coins in his hands. Not more than the amount of this fund can be on
hand in raw material, metal in all stages of manufacture, and finished
coin. When the fund was created the entire issue of these coins was
less than $500,000 per year, while last year the amount issued exceeded
$2,000,000. The fund is now too small. I beg to repeat my recommendation of several years that the Secretary of the Treasury be
authorized to increase the fund to $250,000 as may be required.
GOLD BULLION IN REDEMPTION FUND.
The requirements of section 6 of the monetary act of March 14,
1900, t h a t ' Whenever and so long as the gold coin in the reserve fund
of 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 gold certificates shall be suspended'^ has the effect
of causing an unnecessary amount of coinage because it requires that
at least $100,000,000 in coin shall always be in the reserve fund. In
fact, bullion is quite as effective in the reserve fund as coin. When
any important demand upon the Treasury for gold is made it is always
for export, and bullion is wanted. The result of keeping $100,000,000
of coin and only $50,000,000 of bullion in the reserve fund is to cause
the supply of bullion in the New York assay office to be exhausted by
any important movement and the shippers compelled to take coin when
they prefer bullion. Of the $50,000,000 which may be held in bullion,
a considerable portion is always in an unrefined state in the mints and
not available for immediate export.
If the law permitted the $150,000,000 to be composed of coin and
bullion, the relative proportions to be within the discretion of the Secretary of the Treasury, a larger stock of bullion could be carried and
all demands for export could be supplied in bullion.
DENVER MINT.
The new mint at Denver is being equipped with machinery and
coinage operations will be commenced there at an early day.
DETAILS OF OPERATIONS.
Elsewhere will be found detailed reports submitted by the superintendents and operative officers of the several institutions, and for particular information concerning their operations reference is made
thereto.
244
REPORT ON T H E FINANCES.
DEPOSITS OF GOLD BULLION, FISCAL YEAR 1 9 0 5 .
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 and disposed of by him they frequent^ find their way to
another one of the Government institutions and are there classified as
redeposits. The same applies to transfers of bullion between the
mints and assay offices.
The deposits of gold bullion at the mints and assay offices of the
United States during the fiscal year ended June 30, 1905, exclusive of
the redeposits, were of the value of $143,378,969.86, against $177,753,384.34 reported the previous year.
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, 1905, was
9,454,866.186 standard ounces, of the value of $175,904,480.45,
against 12,195,271.196 standard ounces, of the value of $226,888,758.10, reported the previous year.
The deposits of domestic bullion amounted to 5,461,984.707 standard ounces, of which 1,465,276.789 standard ounces were in a crude
condition, direct from the miners operating in the different States;
1,068,016.309 standard ounces of refinery bars (less than 0.992 in
fineness) and 2,928,691.609 standard ounces of refined bullion (0.922
in fineness and over) were received from private refineries, bromide,
chlorination, and cyanide works.
UNCURRENT DOMESTIC GOLD COIN FOR RECOINAGE.
Uncurrent and mutilated domestic gold coin received for recoinage contained 183,016.964 standard ounces, of the coining value in
new coin of $3,404,966.63. Of this amount 34,638.564 standard
ounces were received over the counter, and 148,378.400 standard
ounces were received on transfers from the Treasury.
V The face value, denominations, and loss on recoinage of the coin
referred to are shown in the following table:
Face value.
Denomination.
Transferred
from
Treasury.
Purchased
over counter.
Total.
Double eagles
Eagles
Half eagles
Three-dollar pieces
Quarter eagles
Dollars
Dollars, Lewis and Clark Exposition.
$578,880.00
656,820.00
1,519,235.00
45.00
25,565.00
63.00
S181,980.00
317,330.00
123,960.00
93,00
11,890,00
347.00
15,003.00
$760,860,00
974,150,00
1,643,195,00
138,00
37,455.00
410.00
15,003.00
Total...
Coining value.
2,780,608,00
2,760,528,38
650,603,00
644,438.25
3,431,211.00
3,404,966.63
20,079.62
6,164.75
6,244,37
Loss.
245
DIRECTOR OF T H E M I N T .
DEPOSITS OF FOREIGN GOLD BULLION.
Foreign gold bullion containing 948,447.158 standard ounces, of
the value of $17,645,526.82, was also received, of which 927,307.305
standard ounces were unrefined and 21,139.853 standard ounces were
refined previous to its receipt at the mint from various countries, as
shown by the following table:
Unrefined.
Country of production.
Standard
ounces.
British Columbia
Northwest Territory
Ontario and Quebec
Nova Scotia
Mexico
West Indies
Central America
South America
Trinidad
Australia
Korea
Africa
Total
.«
Refined.
Standard
ounces.
Value.
•
Value.
71,205,814
472,700,091
4,615, 822
12,934.923
260,564,970
161,685
39,242,418
65,661,190
18,061
34.022
3.405
164.904
$1,324,759.33
8,794,420.30
85,875.75
240,649,00
4,847,720.37
3,008.09
730,090,50
1,221,603,54
336.02
632. 97
63.35
3,067.98
6,744,976
$125,487,94
14,083.288
262,014.67
311.589
5,797.01
927,307.305
17,252,227,20
. 21,139,853
393,299.62
DEPOSITS OF FOREIGN GOLD COIN.
Foreign gold, containing 813,865.196 standard ounces, of the coining value in United States money of $15,141,678.08, was deposited.
The following table shows the country of coinage and amount of such
deposits:
Standard
ounces.
Country of coinage.
Great Britain
Russia
..
Japan
Mexico
Spain
Germany
Central America
South America
Various
...
.
--
Total
DEPOSITS OF JEWELERS
Value.
304,812,029
6,961,054
438,447.596
34,958,007
1,084.035
10.194
740.100
24.498
26,827.683
$5,670,921.47
129,507,98
8,157,164.59
650,381,53
20,168.09
189.66
13,769,30
455,78
499,119.68
813,865.196
15,141,678.08
BARS.
Jewelers' bars and old plate containing 299,305.967 standard
ounces, of the value of $5,568,482.95, were deposited.
246
REPORT ON T H E
FINANCES.
REDEPOSITS OF GOLD BULLION.
The redeposits contained 1,748,246.194 standard ounces, of the
value of $32,525;510.59, as shown by the following table:
Fine b a r s deposited a t Bai-s m a n u f a c t u r e d a t
Philadelphia
New York
Denver
St, L o u i s
Seattle
-.
Total.
Philadelphia
New York.
Charlotte.
S t a n d , ozs.
29,166
7.633
2,223,954
15,026,391
5,135,705
1
Stand, ozs.
271,649,269
1,655,281
S t a n d , ozs.
7,944
S t a n d , ozs.
271,686,379
1,662,914
2,223, 9.54
15,026.391
5,135. 705
22,422.849
273,304,550
7.944
295,735.343
...
. .
-
Total
U n p a r t e d b a r s deposited at—
Unparted bars
m a m i f a c t u r e d at— P h i l a d e l p h i a
Stand, ozs
7,522,315
New York
Carson
Denver
Boise
Helena
Charlotte
St. Louis
Deadwood
Seattle
San Francisco.
Total.
New
York.
Seattle.
Helena.
Denver.
S t a n d , ozs. \ S t a n d , ozs Stand, ozs S t a n d , ozs S t a n d , ozs
15,963.520
Total
42.284
437,224.115
54,901.510
131,893.083
13,723.638
7,243,231
55,787.604
278,225,665
449,281.009
986,521.161
465,244.529 1 274.152
ii.364
444.006
23i.868
15,639
444.006
15,639
11.364
S t a n d , ozs.
7,522,315
15,963.520
437,277.763
54,901.510
132,337.089
13,723.638
7,243.231
56,019.472
727,522, 313
1,452,510.851
•
RECAPITULATION OF GOLD DEPOSITED.
WEIGHT OF THE ORIGINAL DEPOSITS AND REDEPOSITS OF GOLD BULLION AT THE MINTS
AND ASSAY OFFICES OF THE UNITED STATES DURING THE FISCAL YEARS 1904 AND
1905, AND THE INCREASE OR DECREASE OF THE SAME DURING THE LATTER YEAR.
F i s c a l year—
I n c r e a s e , 1905. Decrease, 1905.
Classification of d e p o s i t s of gold.
1904.
1905.
Domestic:
Unrefined
Refinery b a r s
Refined bullion
D o m e s t i c coin:
Purchased
Treasury transfers
Foreign bulhon:
Unrefined
Refined.
F o r e i g n coin
J e w e l e r s ' b a r s , old p l a t e , etc
S t a n d a r d ozs.
1,349,071,042
833,357. 508
2,533,899.166
S t a n d a r d ozs.
1,465,276,789
1,068,016,309
2,928,691,609
S t a n d a r d ozs.
• 116,205, 747
234,658.801
394,792,443
37,505.364
78,584, 890
34,638.564
148,378.400
69,793,510
1,016,281,944
961,837, 719
2,480,712,133
262,995.091
927,307,305
21,139, 853
813,865.196
299,305.967
36,310,876
T o t a l original deposits
9,554,244.857
7,706,619,992
851,761.377
19,892.407
1,810,135.796
810,998.136
295,735.343
1,452,510.851
275,842,936
2,641,026,339
1,748,246.194
275,842.936
12,195,271.196
9,454,866.186
ORIGINAL DEPOSITS.
S t a n d a r d ozs.
2,866.800
88,974.639
940,697,866
1,666,846.937
2,699,386,242
REDEPOSITS.
Fine bars
Unparted bars
Mint bars
Total redeposits
T o t a l gold o p e r a t e d u p o n
. .
357,624.945
810,998.136
1,168,623.081
2,740,405.010
247
DIRECTOK OF T H E MINT.
VALUE OF THE ORIGINAL DEPOSITS AND REDEPOSITS OF GOLD BULLION AT THE MINTS
AND ASSAY OFFICES OF THE UNITED STATES DURING THE FISCAL YEARS 1904 AND
1905, AND THE INCREASE OR DECREASE OF THE SAME DURING THE LATTER YEAR.
F i s c a l year—
Classification of d e p o s i t s of gold.
I n c r e a s e , 1905.
1904.
ORIGINAL
Decrease, 1905.
1905.
DEPOSITS.
Domestic:
Unrefined
Refinery b a r s
Refined bullion
D o m e s t i c coin:
Purchased
Treasury transfers
Foreign bullion:
Unrefinftd
Refined
F o r e i g n cotn
J e w e l e r s ' b a r s , old p l a t e , e t c
T o t a l original d e p o s i t s
•-
$25,098,990.95
15,504,325.62
47,142,310.06
$27,260,958,98
19,870,070,66
54,487,285,74
$2,161,968.03
4,365,745,04
7,344,975,68
697,774.11'
1,462,044.46
644,438.25
2,760,528.38
.1,298,483,92
18,907,569.15
17,894,655.24
46,152, 783.87
4,892,930,88
17,252,227.20
393,299.62
15,141,678.08
5,568,482.95
675,552,07
177,753,384,34
143,378,969.86
15,846;724.74
370,091,30
33,676,945,02
15,088,337,44
5,502,052.90
27,023,457.69
5,131,961.60
49,135,373.76
32,525,510,59
5,131,961.60
226,888,758.10
175,904,480.45
$53,335.86
1,655,341.95
17,501,355.62
31,011,105.79
50,221,139.22
REDEPOSITS.
Fine bars
Unparted bars
Mint bars
Total redeposits
T o t a l gold o p e r a t e d u p o n
6,653,487.33
15,088,337.44
21,741,824.77
50,984,277.65
DEPOSITS AND PURCHASES OF SILVER.
Silver is coined in the United States on Government account only.
Deposits of silver bullion are received by the mints and assay
offices to be returned to the depositors in fine or unparted bars with
the weight and fineness stamped thereon. These deposits are confined almost exclusively to the assay ofiice at New York, and the
bars when returned to the depositors are sold for use in the arts, or
exported.
The deposits and purchases of silver at the United States mints and
assay offices during the fiscal year 1905 were as follows:
Item.
Silver contained in gold deposits
For Philippine coinage
Uncurrent coin, including Hawaiian and Porto Rican
For return in fine bars
For foreign coinage
Total.'.
Standard
ounces.
645,885.71
9,170,164,92
1,482,382.40
4,437,479.15
2,823,397,68
18,559,309.86
Included in silver ^^for Philippine coinage'' is 8,555,899.99 standard ounces uncurrent old Spanish coins for recoinage.
248
REPORT ON THE FINANCES.
UNCURRENT DOMESTIC SILVER COINS FOR RECOINAGE.
The face value and denominations of uncurrent and mutilated
domestic silver coins received for recoinage were as shown by the
following statement:
Face value.
Denomination.
Transferred
from T r e a s u r y .
T r a d e dollar
Dollars
Half d o l l a r s
Q u a r t e r dollars
T w e n t y - c e n t pieces
DiTnp,.«!
'
1,964,476.11
Total
Total.
327.10
42. 20
2.22
$216.00
2,298.00
793,831.50
582,025. 50
281.00
588,837.10
1,140.25
158. 28
4,311.52
1,968,787,63
$216.00
2,298.00
903.50
522.50
$792,928.00
581,503.00
281.00
588,510.00
1,098.05
156.06
_
Half d i m e s
T h r e e - c e n t pieces
Purchased
over t h e
coimter.
The Hawaiian silver coins received for recoinage amounted to $5,000
face value, of which $1,000 were in dollars, $1,000 in half dollars,
and $3,000 in quarter dollars.
DEPOSITS OF FOREIGN SILVER BULLION.
The origin of the foreign silver bullion deposited is shown by the
following statement:
Refined b u l h o n .
Unrefined b u l h o n .
C o u n t r y df p r o d u c t i o n .
Standard
ounces.
British Columbia
Northwest Territory.
O n t a r i o a n d Quebec
N o v a Scotia
Mexico
West Indies
Central America
South America
'.
Austraha.
Korea
».
Trmidad
Africa
Total
Coining
value.
Standard
ounces.
Coining v a l u e .
15,596,01
113,949,58
573.24
1,411.89
1,649,232.53
2,573.55
43,519.18
30,156,72
2,06
.56
.98
18.52
$18,148..08
132,595,88
667,04
1,642.93
1,919,106,94
2,994.68
50,640.50
35,091.46
2.40
.65
1.14
21.55
1,857,034,82
2,160,913.25 i
261,198.95
$303,940.60
261.198.95
303,940.60
DEPOSITS OF FOREIGN SILVER COINS.
The foreign silver coins deposited were from the following countries :
Standard
ounces.
C o u n t r y of coinage.
Mexico
Spain
W e s t Indies
Central America
South America
Various
Total
•
•
..
Coining v a l u e .
2,956.59 °
8,556,117.84
71,494.35
3,152. 24
1,535, 87
23,971,13
8,659,228.02
$3 440,40
9,956,209.86
83,193,43
3,668.06
1,787.20
27,893.68
10,076,192.63
249
DIRECTOR OF T H E M I N T .
Jewelers' bars and old plate containing 821,456.55 standard
ounces were deposited.
REDEPOSITS OF SILVER BULLION.
The redeposits of silver contained 576,211.09 standard ounces, as
shown by the following table:
Fine b a r s deposited a t B a r s manufactured at—
New York.
Philadelphia.
Total. •
Mint bars
deposited a t
Philadelphia.
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.
118,727.70
119,371.01
648,31
155,608.26
New York
U n p a r t e d b a r s deposited a t Unparted
bars
manufactured at—
Philadelphia.
Total.
New
York.
San
Francisco.
Helena.
Denver.
Seattle.
S t a n d a r d ozs. S t a n d a r d ozs. Stand, oz. S t a n d , oz. S t a n d , oz. S t a n d , oz. S t a n d a r d ozs.
7,137.52
7,137,52
8,804,52
8,804.52
55,992,41
32,56
11.74
56,036,71
20,849.50
20,849,50
27,874,94
493,34
28,368.28
1,608,92
1,608.92
758.40
758,40
32,265,33
347,28
31,918.05
145/402,64
50,036.80
95,354.19
11,65
Carson
New York
Denver
Boise
Helena
Charlotte
St. Louis
Deadwood
Seattle
Total
197,843.54
379.84
102,491.71
493,34
11.74
11,65
301,231.82
RECAPITULATION OF SILVER DEPOSITS.
WEIGHT OF THE ORIGINAL DEPOSITS AND REDEPOSITS OF SILVER BULLION AT THE
MINTS AND ASSAY OFFICES OF THE UNITED STATES DURING THE FISCAL YEARS 1904
AND 1905, AND T H E INCREASE OR DECREASE OF THE S A M E DURING THE L A T T E R
YEAR.
Fiscal year—
I n c r e a s e , 1905. Decrease, 1905.
Classification of d e p o s i t s .
1904.
1905.
S t a n d a r d ozs.
427,086.04
102,818.23
10,571,413.73
S t a n d a r d ozs.
550,257,34
185,814,95
4,734,655.62
S t a n d a r d ozs.
123,171.30
82,996.72
2,322,49
2,134,843,76
177,31
342,21
165,319.92
7,667,57
3,302,48
1,478,272,46
187.88
8.42
4,052,51
3,839.86
979.99
1,388,312.42
124,689.53
4,480,220.97
724,119,47
1,857,034.82
261,198,95
8,659,228,02
821,456,55
468,722,40
136,509.42
4,179,007,05
97,337.08
20,129,333.65
18,559,309,86
5,088,734.53
82,104.63
111,983,51
334,735,59
119,371.01
155,608.26
301,231.82
37,266.38
43,624.75
528,823.73
576,211.09
80,891.13
20,658,157.38
19,135,520.95
ORIGINAL DEPOSITS.
Domestic:
Unrefiined
Refinery b a r s
Refined b u l h o n
Domestic coin:
Purchased
Treasury transfers
Trade dollars purchased
C o u n t e r f e i t coin
H a w a i i a n coin. T r e a s u r y t r a n s f e i s . .
P h O i p p i n e special a s s a y coins
Foreign bulhon:
Unrefined
Refined
Forp.ign o.nm
J e w e l e r s ' b a r s , old p l a t e , e t c
T o t a l original deposits
S t a n d a r d ozs.
5,836,758.11
656,571.30
10,57
333,79
161,267.41
3,827,71
6,658,758,32
REDEPOSITS.
Fine bars
Mint bars
Unparted bars
Total redeposits..
..
T o t a l silver o p e r a t e d u p o n . .
33,503.77
33,503.77
1,522,636! 43
250
REPORT ON T H E
FINANCES.
COINING VALUE OF THE ORIGINAL DEPOSITS AND REDEPOSITS OF SILVER BULLION AT
THE MINTS AND ASSAY OFFICES OF THE UNITED STATES DURING THE FISCAL YEARS
1904 AND 1905, AND THE INCREASE OR DECREASE OF THE SAME DURING THE LATTER
YEAR.
F i s c a l year—
Classi&cation of d e p o s i t s .
I n c r e a s e , 1905. Decrease, 1905.
1904.
1905.
ORIGINAL DEPOSITS.
Domestic:
Unrefined
Refinery b a r s
Refined b u l h o n
D o m e s t i c coin:
Purchased
Treasury transfers..
Trade dollars purchased
ConntP.rfp.it coin
H a w a i i a n coin. T r e a s u r y t r a n s f e r s
P h i l i p p i n e special a s s a y coins
Foreign bullion:
Unrp.finp.d
, ,
Refined
F o r e i g n coin
J e w e l e r s ' b a r s , old j)late, e t c
T o t a l original d e p o s i t s
REDEPOSITS.
]' $496,972.79
i
119,643,03
; 12,301,281.43
$640,298.20
216,221,02
5,509,417,44
$143,325.41
96,577.99
'.
2,702,53
! 2,484,181.82
206.33
;
398,21
;
192,372,27
!
8,922.26
3,842,89
1,720,171,58
218,63
9.80
4,715,65
4,468.20
1,140.36
• 1,615,490.81
1
145,093.27
; 5,213,348,05
'
842,611.75
2,160,913,25
303,940.60
10,076,192,63
955,876,71
545,422.44
158,847.33
4,862,844.58
113,264,96
j 23,423,224.55
21,596,286.60
5,921,435.37
$6,791,863.99
764,010.24
12,30
• 388,41
187,656.62
4,454.06
7,748,373,32
i
;
i
,
95,539.94
130,308.09
389,510.51
138,904.45
181,071.42
350,524,31
43,364.51'
50,763.33
Total redeposits..
j
615,358.54
670,500,18
94,127.84
T o t a l sUver o p e r a t e d u p o n
! 24,038,583.09
22,266,786.78
Fine bars
Mint bars
Unparted bars.
DEPOSITS OF GOLD SINCE
38,986,20
38,986,20
1,771,796,31
1873.
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:
DIRECTOR OF T H E M I N T .
251
DEPOSITS OF GOLD AT UNITED STATES MINTS AND ASSAY OFFICES SINCE
C h a r a c t e r of gold d e p o s i t e d .
Fiscal
year
ended
J u n e 30—
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
1903
1904
1905
1873.
$28,868,569.78 $27,116,948,27
29,736,387.82
6,275,367.29
34,266,124.52
1,714,311.50
37,590,529.39
417,947.15
43,478,103,93
447,339.68
48,075,123,76
301,021.79
38,549, 705,89
198,083,17
35,821,705,40
209,328.82
35,815,036,55
. 440,776.97
31,298,511,97
599,356.80
32,481,642.38
374,129.23
29,079,596,33
263,117,17
31,584,436,64
325,210,97
32,456,493.64
393,545,28
32,973,027.41
516,984,63
'32,406,306,59
492,512.60
31,440,778,93
585,066.87
30,474,900,25
655,474.96
31,555,116,85
583,847.16
31,961,546.11
557,967.86
33,286,167.94
792,470.43
38,696,951.40
2,093,615,46
44,371,949,83
1,188,258.21
53,910,957.02
1,670,005,53
60,618,239,77
1,015,314.39
69,881,120,57
1,187,682,99
76,252,^487,23
L158,307, 57
87,458,836,23
1,389,096,68
92,929,695.86
1,116,179,86
94,622,078.39
1,488,448,16
96,514,298.12
960,907.95
87,745,626.63
2,159,818.57
101,618,315,38
3,404,966.63
,
T o t a l . 1,617,820,368,51
Foreign
bullion.
F o r e i g n coin.
Jewelers'
b a r s , old
plate, etc.
$426,107.44
3,162,519.92
739,439.66
1,141,905.76
1,931,163.12
2,068,679,05
1,069,796,89
21,200,997, 23
37,771,472,26
12,783,807,04
4,727,143,22
6,023,734,45
11,221,846,45
4,317,068,27
22,571,328,70
21,741,042,44
2,136,516,66
2,691,932.29
4,054,822.86
10,935,154.69
2,247,730,78
15,614,118.19
14,108,435,74
6,572,390.14
9,371,521,03
26,477,370,06
30,336,559.47
22,720,150.22
27,189,659.12
18,189,416.90
16,331,058.92
36,802,224.39
17,645,526.82
$518,542.14
9,313,882.47
1, 111, 792.26
2,111,083.80
2,093,260.73
1,316,461.09
1,498,819.71
40,426,559.63
55,462,385.74
20,304,810.78
6,906,083,80
9,095,461,45
7,893,217,77
5,673,565.04
9,896,512.28
14,596,885.03
4,447,475.99
5,298,773.93
8,256,303.80
14,040,187.70
6,293,296.33
12,386,406.81
2,278,614.07
3,227,409.06
13,188,013,86
47,210,077,84
32,785,152..48
18,834,495.53
27,906,489,13
13,996,162,21
8,950,595,28
46,152,783.87
15,141,678.08
$774,218,25
654,353.56
724,625,96
681,819.32
837,911,25
907,932.20
937,751.14
1,176,505.77
1,343,430,93
1.770.166.36
1,858,107,42
1,864,769,26
1,869,363.26
2,069,077.00
2,265,219,85
2,988, 750,90
3,526, 597,31
3,542,013,83
4,035, 710,15
3,636,603,68
3,830,176,02
3,118,421.45
3,213,809,43
3,388,622,06
2,810,248,66
2.936.943.37
2,964,683,90
3,517,540.93
3,959,656.64
4,284,724.22
4,247, 582.64
4,892,930.88
5,568,482.95
Domestic
coin.
Domestic
bullion.
Total.
$57,704,385,88
•49,142,511,06
38,556,293.90
41,943,285,42
48,787, 778,71
52,669,217,89
42.254.156.80
98,835,096.85
130,833,102.45
66,756,652.95
46,347,106.05
46,326,678,66
52,894,075,09
44,909,749,23
68,223,072,87
72,225,497,56
42,136,435,76
42,663,095,26
48,485,800.82
61,131,460,04
46,449,841,50
71,909,513,31
65,161,067,28
68.769.383.81
87,003,337,71
147,693,194,83
143,497,190.65
133,920,119.59
153,101,680.61
132,580,829,88
127,004,442,91
177,753,384,34
143,378,969.86
62,093,410.60 416,322,640.18 468,613,239.69 86,198,750.55 2,651,048,409^53
DEPOSITS OF SILVER AT UNITED STATES MINTS AND ASSAY OFFICES SINCE
1885,
C h a r a c t e r of silver d e p o s i t e d .
Fiscal year
e n d e d J u n e 30—
1885
1886
1887....
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901....
1902
1903
1904
1905
.
Total
.
:
Domestic
bulhon.
Domestic
coin.
Foreign
bullion.
Foreign
coin.
Jeweler's
b a r s , old
plate, etc.
F i n e ounces. F i n e ounces. F i n e ounces. F i n e ounces. F i n e
1,627,619
867,856
24,943,394
678,741
1,145,017
628,545
25,101,639
216,015
1,127,213
271,166
29,293,372
5,848,585
1,290,390
67,549
. 28,921,649
1,202,177
1,063,900
328,276
29,606,387
394,346
1,852,155
951,162
29,187,135
466,302
1,767,908
1,970,912
50,667,116
637,652
1,556,618
349,652
56,817,548
5,036,246
1,738,711
56,976,082
505,171
5,346,912
•994,901
15,296,815
422,725
5,012,960
1,362,141
6,809,626
15,291
3,015,905
680,757
4,420,770
150,942
3,170,768
..
626,085
3,914,985
101,157
2,208,953
209,987
2,116,690
6,808
1,243,050
716,077
5,584,912
19,382
6,060,986
1,088,019
4,977,978
44,704
3,587,992
1,306,149
2,466,749
4,250,196
2,613,570
1,152,023
1,425,060
29,265
2,275,090
1,110,463
12,523,630
21,869
a2,511,911
1,361,701
9,991,187
d 4,039,100
b2,072,397
1,906,410
4,923,655
7,796,761 .
c1,337,242
405,966,379
54,937,800
25,684,244
22,838,489
ounces. F i n e ounces.
336,981
28,454,591
361,316
27,452,532
396,656
36,936,992
485,190
31,966,955
502,223
31,895,132
526,270
32,983,024
633,073
55,676,661
572,661
64,332,725
582,728
65,149,604
467,958
22,195,359
580,125
11,783,088
604,386
9,027,623
473,755
7,324,935
249,468
3,826,003
484,751
12,866,108
557,831
10,256,524
567,647
11,204,311
575,430
5,456,868
627,108
16,794,981
652,015
18,116,400
739,310
16,703,378
10,976,882
a Includes 461,686fineounces Hawaiian coin.
& Includes 148,788fineounces Hawaiian coin.
c Includes 3,647fineounces Hawaiian coin.
d Includes 6,901fineounces Philippine special assay coins.
<5 Includes 3,456fineounces Phihppine special assay coins.
Total.
520,403,794
252
REPORt ON T H E FINAKCES.
COINAGE QF THE UNITED STATES.
The following table exhilpits the domestic coinage during the fiscal
year 1905 by denominations, pieces, and values:
Value.
Pieces.
Denomination.
i
Gold:
Double eagles
'
Eagles
•
Half eagles
J
Quarter eagles
J
Dollars (Lewis and Clar •c Expositio'n)
Total
.
1
Silver:
Dollars
Half dollars
Quarter dollars
Dimes
. .
j
[
'
-
!
c
.
. . ..
\
Total
Minor:
Five-cent nickels
One-cent bronze.
1
i
'
.
.
.
1
Total
1
Total coinage
3,649,452
262,058
730,016
265,569
60,069
$72,989,040.00
2,620,580.00
3,650,080,00
663,922.50
60,069.00
4,967,164
79,983,691.50
310
6,543,470
13,896,498
23,778,Oil
310.00
3,271,735.00
3,474,124,50
2,377,801.10
44,218,289
9,123,970,60
25,817,481
77,419,368
1,290,874,05
774,193,68
103,236,849
2,065,067,73
152,422,302
91,172,729,83
All the standard silver dollars embraced 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 266.40 standard ounces
of silver, costing $216.93. The seigniorage or profit on this coinage
was $93.07, which has be^n deposited in the Treasury of the United
States.
Of the subsidiary coinajge made during the year, $1,179,319 were
from bullion received from; the Treasury for recoinage and $151,171.70
from silver bullion purchglsed under the provision of section 3526 of
the Revised Statutes; $7,|752,131.75 under the act of July 14, 1890;
$40,966.70 from Hawaiian coins redeemed and melted, and $71.45
from Porto Rican coins redeemed and melted.
The loss-on the recoinage of $3,431,211 in worn and uncurrent
gold coins was $26,244.37 and the net loss on the recoinage of $1,968,787.63 in worn and uncurrent silver coins was $125,227.16, for which
the Treasury of the Unitjed States was reimbursed from the appropriation for that purpos^. Qn the transfer from the Treasury of
$5,000 in Hawaiian coin there was a gain of $42.
In addition to the aboye, the mints at Philadelphia and San Francisco coined for the Philippines the following:
••
f
-
.
.
.
-
.-
-
..
Number of
pieces.
Denomination,
Pesos
50 centavos
20 centavos
10 centavos
5 centavos
1 centavos
^ centavos
'
.
. .
i.
.
!
J
'
J
i
1
i
T
Total
. ..
"
:
8,330,884
2,904,884
2,150,884
4,020,884
880
11,981,230
880
29,390,526
1
253
DIRECTOR OF THE M I N T .
At the request of the Secretary of War the purchases of bullion
required for the silver coinage of the Pliilippine Islands, authorized
by the act of March 3, 1903, were made by the Director of the Mint,
with the approval of the Secretary of the Treasury. There were
purchased from March 26, 1903, to June 30, 1905, for this purpose
14,077,601.29 ounces of silver, costing $7,685,893.62. This bullion
was paid for by the government of the Philippine Islands. There
were also received during the fiscal year at the San Francisco mint
old silver coins, withdrawn from circulation in the Philippine Islands,
amounting to 7,700,309.99 fine ounces for conversion into the new
coinage. The total coinage for the Philippine Islands during the
year was 10,615,591.20 pesos in silver and 119,860.70 pesos in nickel
and bronze. The Treasury has been reimbursed for the cost of the
Philippine coinage, the total charges therefor to June 30, 1905,
being $398,335.33. In addition to the foregoing, the mint at Philadelphia coined 6,435,000 pieces for Panama and 450,000 pieces for
Costa Rica, and the mint at San Francisco coined 400,000 pieces for
Salvador.
The Philippine coinage made by the mints of the United States
from date of the act of March 3, 1903, to June 30, 1905, is as follows:
Denomination.
Philadelphia.
Silver:
Pesos
50 centavos
20' centavos
10 centavos
Nickel:
5 centavos
Bronze:
1 centavos
J centavos
Pieces.
2,805,729
3,115,889
5,367,059
5,116,928
Pieces.
22,601,000
3,012,000
2,630,080
6,240,000
Total.
Pieces.
25,406,729
6,127,889
7,997,139
11,356,928
9,999,258
.9,999,258
37,844,658
17,752,258
37,844,658
17,752,258
82,001,779
Total
San Francisco.
34,483,080
116,484,859
The mint at Philadelphia also made the following coinage:
For Panama, 1,800,000 half-balboa, 1,610,000 quarter-balboa,
1,125,000 tenth-balboa, 1,500,000 twentieth-balboa, and 400,000
fortieth-balboa pieces; in all, 6,435,000 pieces.
For Costa Rica, 250,000 fifty-centimo, 100,000 ten-centimo, and
100,000 five-centimo pieces; in all, 450,000 pieces.
The mint at San Francisco also made, in addition to domestic and
Philippine coinage, 400,000 pesos for Salvador.
The number of pieces pf domestic coin manufactured by the mints
of the United States during the fiscal years 1904 and 1905 and the
increase or decrease in the number of pieces coined in the last year
named is shown in the following table:
Fiscal year.
Classification of coinage.
Gold coin
Silver dollars
Subsidiary silver coins
Minor coins
.
Total
1904.
1905.
11,480,380
10,101,650
40,264,634
86,866,289
4,967,164
a 310
44,217,979
103,236,849
3,953,345
16,370,560
148,712,953
152,422,302
20,323,905
a Coined in September and December, 1904.
Increase,
1905.
Decrease,
1905.
6,513,216
10,101,340
16,614,556
254
REPORT; ON TFIE FINANCES.
The value of the domestic coinage manufactured by the mints of
the United States during the fiscal years 1904 and 1905, and the
increase or decrease in the jnominal value of the coinage during the
years named is shown by tlje following table:
Fiscal year.
Classification of coinage.
- i 1904.
Increase, 1905. Decrease, 1905.
1905.
1
1
Gold coin
Silver dollars
Subsidiary silver coin
Minor coin
Total
s
$208,618,642,50 $79,983,691.50
10,101,650,00
310.00
17,719,231.00
9,123,660,60
2,065,067.73
j 1,762,628,05
1,404,429.60
302,439. 68
91,172,729,83
1,706,869,28
228,202,151,55
$128,634,951,00
10,101,340,00
138,736,291.00
The number of silver doljars coined from bullion purchased under
the act of July 14, 1890, frclm August 13, 1890, to June 30, 1905, aggregated 187,027,345 pieces!, containing 144,653,962.44 ounces of fine
silver, costing $134,192,501,195, giving a seigniorage of $52,834,843.05.
All profits on the coinalge of silver dollars are deposited each
month in the Treasury of the United States.
The aggregate number ofj silver dollars coined from March 1, 1878,
to June 30, 1905, under the provisions of the acts of February 28,
1878, July 14, 1890, and MJarch 3, 1891, was $570,272,610, as shown
by the following table:
i
CoiNA'GE OF S I L V E R
DOLLARS.
Coinage |under act of¥.eb. 28, 1878 (Bland-Allison)
i
:
:
From July 14, 1890, to repeal of the purchasing clause of the Sherman act,
Oct. 31, 1893
1
$36,087,285
From Nov. 1, 1893, to June 12, 1898
i
42,139,872
Coined under the war-revenue bill appro'ved June 12, 1898
108,800,188
Total under act of July 14, 1890...[
Mar. 3, 1891 (recoinage of trade dollars) J
Total
I
I
•.
$378,166,793
187,027,345
5,078,472
570,272,610
There are exhibited in the appendix tables showing by denominations and values domestic coins manufactured during the fiscal
year, and also tables of thp coinage by denominations, institutions,
and years from the establishment of the Mint in 1792.
The following tables exhjibit the number of fine ounces and value
of gold and silver coinage of |the United States by fiscal years since 1873.
DIRECTOE OF T H E
255
MINT.
COINAGE OF GOLD AND SILVER AT THE MINTS OF THE UNITED STATES SINCE 1873,
FISCAL YEARS.
Silver.
Gold.
Fiscal year.
Fine ounces.
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
1903
1904
1905
.
...
;
•
1,705,187
2,440,165
1,623,173
1,846,907
2,132,283
2,554,151.
1,982,742
2,716,630
3,808,751
4,325,375
1,738,449
1,351,250
1,202,657
1,648,493
1,083,275
1,372,117
1,235,687
1,065,302
1,169,330
' 1,717,650
1,453,095
4,812,099
2,125,282
2,848,247
3,465,909
3,126,712
5,233,071
5,221,458
4,792,304
2,998,313
2,211,791
10,091,929
3,869,211
•
90,968,995
Total
BY
F i n e ounces
consumed.
Value.
Dollars
coined.
Subsidiary
coined.
$35,249,337
50,442,690
33,553,965
38,178,963
44,078,199
52,798,980
.40,986,912
56,157,735
78,733,864
89,413,447
35,936,928
27,932,824
24,861,123
34,077,380
22,393,279
28,364,171
25,543,910
22,021,748
24,172,203
35,506,987
30,038,140
99,474,913
43,933,475
58,878,490
71,646,705
64,634,865
108,177,180
107,937,110
99,065,715
61,980,572
45,721,773
208,618,642
79,983,692
2,179,833
4,558,526
7,650,005
14,228,851
21,239,880
21,623,702
21,059,046
21,611,294
21,383,920
21,488,148
22,266,171
22,220,702
22,296,827
23,211,226
26,525,276
26,331,176
26,659,493
28,430,092
29,498,927
11,259,863
9,353,787
4,358,299
6,810,196
8,651,384
18,659,623
12,426,024
20,966,979
23,464,817
26,726,641
22,756,781
19,705,162
13,396,894
6,600,068
$977,150
3,588,900
5,697,500
6,132,050
9,162,900
19,951,510
27,227,500
27,933,750
27,637,955
27,772,075
28,111,119
28,099,930
28,528,552
29,838,905
38,266,831
32,718,673
33,793,860
35,923,816
36,232,802
8,329,467
5,343,715
758
3,956,011
7,500,822
21,203,701
10,002,780
18,254,709
18,294,984
24,298,850
19,402,800
17,972,785
10,101,650
310
$1,968,645.50
2,394,701.39
4,372,868.00
12,994,452,50
19,387,035,00
8,339,311,50
382.50
8,687.50
12,011.75
11,313.75
724,351.15
673,457.80
320,407.65
183,442.95
1,099,652,75
1,417,422.25
721,686.40
892,020.70
2,039,218.35
6,659,811.60
7,217,220,90
6,024,140.30
5,113,469.60
3,939,819.20
3,124,085.65
6,482,804,00
9,466,877,65
12,876,849,15
10,966,648.50
10,713,569,45
8,023,751,25
7,719,231,00
9,123,660,60
1,880,495,917
589,599,613
607,259,120
165,013,008.24
RECOINAGE OF STANDARD SILVER DOLLARS.
No mutilated or uncurrent standard silver dollars were transferred
from the Treasury to the mints for recoinage during the fiscal year
1905. There were, however, purchased as bullion 2,298 mutilated
silver dollars, which were for use in the manufacture of subsidiary
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 since
1883 is shown in the following statement:
Fiscal year.
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
Fiscal year.
Amount.
$621
1,850
.
.-V
8,292
14,055
31,042
11,977
10,800
42,881
10,500
15,055
18,580
1896. .
1897
1898
1899
1900
1901
1902
1903
...
1904
1905
Total
:
Amount,
$2,034
1,898
1,365
1,734
1,341
1,786
1,893
1,777
1,304
2,298
183,083
256
REPORT ON THE
RECOINAGE
FINANCES.
OF UNCURRENT
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 since 1891:
RESULTS OF RECOINAGE OF UNCURRENT SUBSIDIARY SILVER COIN.
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
.. .
--- -
"
.
. . .
..
.
..
Total
N e w coin.
Loss.
$910,046.69
7,118,602.78
7,618,198,25
7,184,472.17
4,361,761,36
4,627,141,46
3,197,998.50
6,109,772.32
8,584,304.26
5,261,070.35
3,832,280.69
3,333,437,06
3,008,747,98
2,828,384.90
1,964,476.11
$861,680,41
6,937,886.02
7,381,289,58
6,924,753.05
4,161,820.73
4,377,258.40
3,048,861.64
5,820,159.16
8,098,485.18
4,950,088.96
3,613,021.59
3,141,548.04
2,829,890.71
2,656,104.21
1,839,219.24
$48,366.28
180,716.76
236,908.67
259,719.12
199,940.63
249,883.06
149,136.86
289,613,16
485,819.08
310,981.39
219,259,10
191,889.02
178,857.27
172,280.69
125,256.87
69,940,694.88
66,642,066,92
3,298,627.96
Face value.
Fiscal y e a r .
:
The results of recoinage of Hawaiian silver coin to June 30, 1905,
has been as follows:
Fiscal year.
1903
1904
1905
:
Total
Face value.
Coining
v a l u e in
United States
subsidiary
coin.
G.ain.
J
!
J
$619,000.00
199,312.75
5,000.00
$638,239.00
205,685,75
5,042,00
$19,239
6,373
42
J
823,312,75
848,966.75
25,654
BARS
MANUFACTURED.
During the fiscal year 1^05 there were manufactured by the mints
and assay offices of the United States gold and silver bars, of the value
of $107,662,690.46, as folld)Ws:
Description.
Gold
Silver
Total
...;
....
Standard
ounces.
Value.
5,478,846,509
4,924,794,98
$101,932,021.19
5,730,669.27
107,662,690.46
Tables will be found in the appendix showing in detail the character of bars manufactured at each institution during the year.
257
DIRECTOR OF THE M I N T .
WORK OF THE GOVERNMENT REFINERIES.
W
r
There were received and operated upon by the refineries connected
with the mints at Philadelphia, San Francisco, and New Oiieans, and
the assa}^ office at New York, during the fiscal 3^ear 1905, gold bullion
containing 3,223,717.462 standard ounces, and silver bullion containing 10,230,744.47 standard ounces, of the total coining value of
$71,881,004.11, as shown by the following table:
Silver.
Gold.
Institution.
Philadelphia
San Francisco
New Orleans
NewYork...!
Total
Standard
ounces.
Value.
1,327,307.327
785,780.523
17,022.707
1,093,606.905
.
3,223,717.462
Coining
value.
Standard
ounces.
Total value.
$24,694,089.80 " 2,402,293.31
14,6.19,172.52
3,393,950.99
316,701.53
42,808.00
4,391,692.17
20,346,174.98
$2,795,395.85
3,949,323.79
49,812.95
5,110,332.71
$27,489,485.65
18,568,496.31
366,514.48
25,456,507.69
10,230,744.47
11,904,865.30
71,881,004.13
59,976,138.83
SILVER BULLION ON WHICH CHARGES WERE COLLECTED.
In order to show the amount of the above-mentioned silver bullion
treated by the Government refineries on which charges were received*
and "the amount handled for parting purposes the following table is
presented:
Silver bullion refined.
Philadelphia.
S t a n d , oz.
Bullion on w h i c h charges' w e r e
493,877.80
collected
Silver o w n e d b y t h e G o v e r n m e n t r e t u r n e d b y t h e refine r y for p a r t i n g p u r p o s e s , on
which t h e r e w e r e n o c h a r g e s . . 1,908,415.51
Total
2,,402,293.31
San F r a n cisco,
S t a n d , oz.
1,995,980.25
New Orleans. New York.
S t a n d , oz.
6,904.32
S t a n d , oz.
3,113,140.37
Total.
S t a n d , oz.
5,609,902.74
1,397,970.74
27,069.85
1,271,067.38
4,604,523.48
3,393,950.99
33,974.17
4,384,207.75
10,214,426,22
The figures given above represent the amount of silver received b}^
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.
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 pa3mient for charges on
silver deposits, surplus bullion returned by operative officers at the
close of the fiscal year, and uncurrent domestic silver coin.
The table following shows the amount and cost of silver bullion
purchased for the subsidiary silver coinage during the fiscal year
ended June 30, 1905.
IT. Doc. 9, 59-1-
-17
.258
REPORT
ON
THE
FINANCES.
S I L V E R P U R C H A S E S F O R S U B S I D I A R Y C O I N A G E D U R I N G T H E F I S C A L Y E A R 1905.
Standard
ounces.
Stock."
628,941.11
.02
4,052.51
.03
57.43
308.88
3,159.13
25,483.89
Partings, charges, and fractions purchased
Amount received by transfer from act of July 14, 1890
Hawaiian coins redeemed and melted
Amount Hawaiian purchase bullion received l:y transfer
Porto Rican coins redeemed and melted
Melted assay coins purchased
•.
Mutilated corns purchased
Surplus bullion purchased
Total
Cost.
$319,479.31
.02
5,000.00
.04
46.71
375.24
1,598.72
12,759.34
339,259.38
Q U A N T I T Y A N D C O S T O F S I L V E R P U R C H A S E D F O R S U B S I D I A R Y C O I N A G E AT E A C H M I N T
AND AT T H E A S S A Y O F F I C E AT N]?\V Y O R K D U R I N G T H E F I S C A L Y E A R 1905.
Standard
oimces.
Institution.
Mint at Philadelphia
Mint at San Francisco.
Mint at New Orleans
Mint at Denver
Assay office at Nev,'- York.
Total
.-
i
,
222,822.58
194,291.55
10,348.54
41,874.75
192,665.58
$112,799.71
101,013.46
5,286.02
21,786.02
98,374.17
662,003.00
339,259.38
In the following tables 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 3^ear
1905:
Q U A N T I T Y AND C O S T O F S I L V E R O B T A I N E D B Y T R A N S F E R AND P U R C H A S E FOI^ S U B S I D I A R Y
S I L V E R C O I N A G E , A M O U N T AND C O S T U S E D I N C O I N A G E , C O I N A G E D E R I V E D T H E R E F R O M ,
AND S E I G N I O R A G E ON S A M E D U R I N G T H E F I S C A L Y E A R 1905.
S o u r c e s from w h i c h bulUon
w a s obta.med
Obtained b y transfer
and purchase.
U s e d i n co.ina.gc.
Cohvcige.
Standard
ounces.
Cost.
Standard
ounces.
Seigniora,ge.
Cost,
MINT AT r.HILA DEL P H I A .
Silver b u l l i o n o n h a n d J u l v
1, 1904
$1,897,344,30 $1,682,770.94
Uncurrent
corns
transferred f r o m T r e a s u r y . . . : 1,009,674. 24 1,2.56,204.34 $221,031.25 $275,000.00 $275,000.00
A m o u n t t r a n s f e r r e d from,
a c t J u l y 14, 1890, u n d e r
a c t o f M a r , 3, 1903
5,085,791 25 4,141,436 36 5,085,791 25 4,141,430.30 6,327,578.55 $2,186,142.19
A m o u n t silver p u r c h a s e
bullion t r a n .sf e r r e d f r o m
New Y o r k assay office...
164,701 51
91,586 08
Porto
R i c a n coins r e deemed a n d m e l t e d
24,74
57 43
46 71
57 43
46 71
71 45
P a r t i n g s , c h a r g e s , a n d fractions purchased
204,148 85
103,208 53
138 01
72.59
171 70
99.11
Melted a s s a y coins p u r chased
308 88
375. 24
M u t i l a t e d coins p u r c h a s e d .
2,724 03
1,377.54
15,583 39
Surplus bullion p u r c h a s e d .
7,791.69
Total
U s e d i n coinage, fiscal jesiT
5,307,017 ()4 4,416,555.66
1.905
Recomage bullion t r a n s ferred t o m i n t a t S a n
Francisco
: 1,482,250 00 1,844,167.96
Recoinage bullion t r a n s ferred t o m m t a t N e w
Orleans
97, oas 18
120,787.78
•
8,380,333 S8 7,284, 797. 435,307,017,94 4,416,555.66 6,602,821 70 2,186,266.04
259
DIBECTOE o r T H E M I N T .
QUANTITY AND COST OF SILVER OBTAINED BY TRANSFER AND PURCHASE FOR SUBSIDIARY
SILVER COINAGE, AMOUNT AND COST USED IN COINAGE, COINAGE DERIVED THEREFROM,
AND SEIGNIORAGE ON SAME DURING THE FISCAL YEAR 1905—Continued.
Obtained b y transfer
and purchase.
Sources from w h i c h bullion
was obtained.
U s e d in coinage.
Coinage.
Standard
ounces.
Cost.
Standard
ounces.
Seignior.age.
Cost.
MINT A T P H I L A D E L P H I A —
continued.
Silver p u r c h a s e bullion
transferred to mint a t
San F r a n c i s c o
^ o l d i n sweeps
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 n e 30,
1905.
Total
$803,750.00
2,903.51
$409,876.18
1,486.21
8,087. 30
4,253.57
679,241.95
487,670.07
8.380,333.88 7,284, 797. 43
M I N T A T S A N FRANCISCO,
Silver bullion on h a n d J u l y
1,1904
313,015.54
545,039.76
U n c u r r e n t coins t r a n s 53,511.26
ferred f r o m T r e a s u r v . . . .
66,577.00 $266,458.40 $331,519.00 $331,519.00
A m o u n t t r a n s f e r r e d from,
a c t J u l y 14, "1890, u n d e r
a c t M a r . 3, 1903
• 739,894.63
602,507.33 739,804.63 602,507.33 920,553.20 $318,045,87
A m o m i t t r a n s f e r r e d from,
a c t J u l y 14, 1890, i m d e r
35,365.00
44,000.00
15,201,75
a c t M a r . 14,1900
35,365.00
28,798.25
28,798.25
Recoinage bullion t r a n s ferred f r o m m m t a t
1, 4S2,250.00 1,844,1.67.'96
Philadelphia,
1
H a w a i i a n coins redeemed
40,966.70
1,059.75
4,052.51
5,000.00
32,026.99|
39,906.95
and melted
Received in t r a n s f e r from
H a w a n a n purchase bul. 03
.04
lion
Received m t r a n s f e r from,
.02
.02
a c t J u l y 14, 1890..
Subsidiary purchase bullion t r a n s f e r r e d
from
1
mint a t Philadelphia
803,750.00
409,876.18
P a r t i n g s , c h a r g e s , a n d frac93,236.58
57, 763.42 151,000.00
95,501.61 121,366.25
tions purchased
189,214.55
73.15
M u t i l a t e d coins p u r c h a s e d .
146.30
S u r p l u s bullion p u r c h a s e d .
878.14
438.64
1
1
Total
3,854,102. 20 3,365,9.55.72 1,1.06,011.27 1,060,494.95 1,488,038.90
U s e d in coinage, fiscal y e a r
1905
R e c o i n a g e bullion t r a n s ferred t o m i n t a t N e w
1,196,011.27 1,060,494.95
H a w a i i a n recoinage b u l lion t r a n s f e r r e d t o silver
p u r c h a s e bullion a c c o u n t .
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 n e 30,
1905
Total
427,543.95
555,011.10
600,527.03
.03
.04
3,165 31
6,488.27
3^025.41
.
i
1,511 15
1,610,257.24
2,093,566.12
3 854,102. 20 3,365,955.72
M I N T AT NEAV O R L E A N S .
Silver bullion on h a n d J u l y
1, 1904
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
R e c o i n a g e bullion t r a n s ferred from m i n t a t S a n
Francisco
Recoinage bulhon t r a n s ferred f r o m m i n t a t P h i l adelphia
A m o u n t t r a n s f e r r e d from,
a c t J u l y 14, 1890, m i d e r
. a c t M a r . 14.1900
5,815.45
7,199.94
415,086.96
516,437.90
555,011.10
690,527.03
97,083.18
120,787. 78
369,725.00
301,072.62
460,388.00
369,725.00
572,800.00
301,072.62
572,800.00
460,000,00
158,927.38
260
REPORT ON T H E FINANCES.
Q U A N T I T Y AND C O S T O F S I L V E R O B T A I N E D B Y T R A N S F E R AND P U R C H A S E F O R S U B S I D I A R Y
S I L V E R C O I N A G E , A M O U N T AND C O S T USED I N C O I N A G E , C O I N A G E D E R I V E D T H E R E F R O M ,
AND S E I G N I O R A G E O N S A M E D U R I N G T H E F I S C A L Y E A R 1 9 0 5 — C o n t m u e d .
Sources f r o m which bullion
was obtained.
Obtained b y transfer
and purchase.
Used in comage.
Coinage,
Standard
ounces.
Standard
ounces.
Cost.
Seigniorage.
Cost.
MINT A T N E W ORLEANS—
continued.
P a r t m g s , c h a r g e S : a n d fractions purchased
M u t i l a t e d coins p u r c h a s e d .
Surplus bullion p u r c h a s e d . .
Total
U s e d m coinage, fiscal y e a r
1905
Sold m sweeps
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 n e 30,
1905
Total
$ri,.521.80
288.80
1,537.94
$4,351.19
148.03
786.80
J, 453,070.23 1,641,311. 29| $830,113.00 $873,872.62 $1,0328,00.00 $158,927.38
830,113.00
2,108.37
873,872.62
1,069.84
561.63
287.35
620,287.23
766,081.48
1,453,070.23 1,641.311.29
SUMMARY.
Silver b u l h o n o n h a n d J u l y
1, 1904
Uncurrent
coins t r a n s ferred f r o m T r e a s u r y
R e c o i n a g e b u l l i o n received
bv transfer m i n t a t San
Francisco from m m t a t
Philadelphia
R e c o i n a g e b u l h o n received
by transfer m i n t a t New
Orleans from m i n t a t
Philadelphia
R e c o i n a g e b u l h o n received
by transfer mint a t New
Orleans from m i n t a t San
Francisco
T r a n s f e r r e d from a c t J u l y
14,1890, u n d e r a c t M a r . 14,
1900
Transferred from a c t J u l y
14,1900, u n d e r a c t M a r . 3,
1903
A m o m i t received i n t r a n s fer f r o m a c t J u l y 14,1890..
H a w a n a n coins redeenied
and melted
Amount Hawaiian
purc h a s e b u l h o n received i n
transfer
Silver p u r c h a s e b u l l i o n r e ceived b y t r a n s f e r m i n t
a t P h i l a d e l p h i a from a s s a y office a t N e w Y o r k . . .
Silver p u r c h a s e b u l h o n re-,
ceived b y t r a n s f e r m i n t
a t San Francisco fiom
raint a t P h i l a d e l p h i a
P o r t o R i c a n coins redeemed
and melted
P a r t i n g s , c h a r g e s , a n d fractions purchased
Melted a s s a y corns p u r chased
M u t i l a t e d corns p u r c h a s e d .
Surplus bullion p u r c h a s e d . .
Total
U s e d i n co.mage, fiscal y e a r
1905
R e c o i n a g e bullion t r a n s ferred f r o m m i n t a t P h i l adelphia to mint a t San
Francisco
2,448,199.51 2,002,986.42
1,478,272.46 1,839,219.24
947,877.65 1,179,319.00 1,179,319.00
1,482,250.00 1,844,167.96
97,083.18
120,787.78
555,011.10
690,527.03
405,090.00
329,870.87
•
405,090.00
329,870.87
504,000.00
174,129.13
5,825,685.88 4,743,943.69 5,825,685.88 4,743,943.69 7,248,131. 75 2,504,188.06
.02
.02
4,052.51
5,000.00
.03
.04
164,701.51
91,586.08
803,750.00
409,876.18
"
32,926.99
39,906.95
40,966.70
1,059.75
57.43
46.71
57. 43
46.71
71. 45
24. 74
401,885.20
203,061.33
121,504.26
57,836.01
.151,171.70
93,3.35.69
308.88
3,159.1.3
17,999.47
375.24
1,598. 72
9,017.13
13,687,506.31 12,292,064. 44 7,333,142.21 6,350,923.23 9,123,660.60 2, 772, 737 37
7,333,142.21 6,350,923.23
1,482,250.00 1,844, .167.96
i
WKm
H r
Hf
261
DIRECTOR 01? T H E M I N T .
QUANTITY AND COST OF SILVER OBTAINED BY TRANSFER AND PURCHASE FOR SUBSIDIARY
SILVER COINAGE, AMOUNT AND COST USED IN COINAGE, COINAGE DERIVED THEREFROM,
AND SEIGNIORAGE ON SAME DURING THE FISCAL YEAR 1905—Continued.
Sources from which bullion
was obtained.
Obtained by transfer
and purchase.
Standard
ounces.
Cost.
Used in coinage.
Standard
ounces.
Coinage,
Seigiiior-
Cost.
suMM ARY—continued,
Recomage bullion transferred from mint at Philadelphia to mmt at New
Orleans
$97,083.18 $120,787.78
Recoinage bullion transferred from mint at San
Francisco to mint a t New
Orleans
555,011.10
690,527.03'
Hawanan recoinage bullion
transferred to silver purchase account
.03
.04
Silver purchase bullion
transferred to mint, San
Francisco, from mint at
Philadelphia
803, 750,00
409,876.18
Sold in sweeps
11,500,15
5,721.36
Wasted by operative of6,052.07
ficers
11,674,34
Balance on hand June 30,
1905
3,393,095.30 2,864,008. 79
Total
13,687,506.31 12,292,064.44
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 the law went into effect),
to June 30, 1905, together with the amount of such bullion used in
the coinage of subsidiary coins under provisions of the acts of March
14, 1900, and March 3, 1903, with the coinage and seigniorage on
same, are shown in the table following:
AMOUNT AND COST OF SILVER BULLION PURCHASED UNDER ACT OF JULY 14, 1890, AND
USED IN THE COINAGE OF STANDARD SILVER DOLLARS AND SUBSIDIARY SILVER COIN,
WASTED AND SOLD IN SWEEPS AND SEIGNIORAGE, FROM AUGUST 13, 1890, TO JUNE
30, 1905.
Disposition,
Fine ounces.
Cost,
Total amount purchased and cost of same
168,674,682.53
$1.55,931,002.25
Used ill the coinage of standard silver dollars to June 30,1905
Used in the coinage of subsidiary silver to June 30, 1905
Wasted and sold in sweeps
Transferred to subsidiary purchase account
144,653,962.44
23,957,149.29
63,570.37
.43
134,192,501.95
21,675,964.39
' 62,535.64
.27
168,674,682.53
155,931,002.25
Total amount used
Disposition,
Standard silver dollars coined to June 30, 1905•.
Subsidiary silver coined to June 30, 1905
Coinage,
$187,027,345,00
33,118,575,05
Seigniorage,
$52,834,843,05
11,442,610,66
262
REPORT ON T H E FINANCES.
BALANCES OF SILVER BULLION.
The balances of silver bullion on hand June 30, 1905, at the mints
and assay offices of the United States for the coinage of subsidiary
silver, coinage for Philippine Islands, and for payment of deposits
of silver bullion in fine bars, were as follows:
Standard
ounces.
Item,
Cost,
F o r s u b s i d a r y silver coinage
H e l d a t U n i t e d S t a t e s a s s a y olfice a t New Yorlc for i i a y m e n t ol' dep o s i t s m fine baris
^
4,192, 280. 91
88,303.27
88,303.27
. Total
Silver bullion for P h i l i p p i n e coinage
4,280,584.18
4,063.56
3,345, 888.58
2,225.08
4,284,647. 74
3,348,113.66
Grand total
$3,257,585.31
MARKET PRICE OF SILVER DURING THE FISCAL YEAR ENDED JUNE 3 0 ,
1905.
The price of silver 0.925 fine (British standard), for the twelve
months ended June 30, 1905, ranged from 25rV d. (April, 1905),
to 28YV d. (December, 1904), the average price for the year being
26.9884 d. At the lowest price, the equivalent for a fine ounce in
New York, with exchange at par, was 55.852 cents; at the highest
62.612, and at the average for the 3^ear, 59.161 cents.
The following table exhibits the monthly fluctuations:
HIGHEST
LOWEST, AND AVERAGE PRICE OF SILVER BULLION, AND VALUE OF A F I N E
OUNCE, EACH MONTH, DURING THE FISCAL YEAR
1905.
Month.
1904.
July
August
September...
October
November...
December...
Highest.
Lowest.
P e n c e . .Pence.
26§
27
26^^,,
27
26
26|
26-^
26 Ig
26i^
27i
27§
2SA
1905.
January
February —
March
April
May
June
Average.
28f
28^
271^
26f
27J
27i
27T%
271
251,?
25^^
26 i'
2G;^I
Equivalent i
A v e r a g e v a l u e of a fine
Average
Equivalent
Average
monthly
ounce b a s e d
price p e r
v a l u e of a
monthly
price a t '
on a v e r a g e
ounce,
fine o u n c e
N
ew Y o r k
New Y o r k
monthly
British
w i t h exp r i c e of
price a n d
s t a n d a r d Ichange a t pari - c h aofn gexfine
bar
e on
average
(0.925),
silver.
($4.8665)
London,
r a t e of exchange.
Pence.
26.7600
26.6018
26.3485
26.7596
26.9543
27.9302
10,58661
,58414
,57759
.58660
.59087
.61230
$4.8737
4.8807
4.8665
4.8591
4.8680
4.8697
$0.58769
.58414
.57757
.58570
.59107
.61251
SO.58697
.58486
.57692
.58572
.59091
,61182
27.9423
28.0468
26.7950
26.1425
26.6643
26.9158
.61299
.61482
.58737
.57307
.58451
.59002
4.8768
4.8776
4.8640
4.8629
4.8694
4.8711
.61380
,61622
.58683
.57261
.58482
.59058
.61379
.61776
.58717
.57300
.58485
.59016
20.9884
.59161
4.8699
.59196
.59199
DISTRIBUTION OF SILVER DOLLARS.
During the fiscal year 1905 the number, of silver dollars distributed from the mints was 815,479, against 834,041 during the fiscal
year 1904, a decjease in the distribution of these pieces, during the
fiscal year 1905 of 18,562.
263
DIRECTOR OF THE M I N T .
The number of silver dollars on hand, the amount transferred,
the coinage, and the distribution from each mint, is shown in the
following table:
DISTRIBUTION OF SILVER DOLLARS FROM THE MINTS, FISCAL YEAR
Philadelphia. SanFrancisco. New Orleans.
Item.
I n m i n t s June-30, 1904
T r a n s f e r r e d from s u b t r e a s u r i e s t o m i n t s
for s t o r a g e
Coinage fiscal y e a r 1905
Total
T r a n s f e r r e d from m i n t s t o s u b t r e a s u r i e s
I n m i n t s J u n e 30, 1905
Total
D i s t r i b u t e d frora raints d u r i n g t h e y e a r . . .
1905.
Total,
$107,115,954
$61,453,062
500,000
310
2,000,000
107,610,264
63,453,062
29,588,725
200,658,051
8,250
107,298,954
62,946,643
29,588,725
8,250
199,834,322
107,307,204
62,946,643
29,588,725
199,842,572
309,060
506,419
$29,588,725
$198,157,741
2,500 000
310
815,479
SEIGNIORAGE ON SILVER COINAGE.
The balance of profits on the coinage of silver on hand in the
mints June 30, 1904, was $64,716.64.
The total seigniorage on the coinage of silver during the fiscal
year 1905 was $2,772,830.44, of which $93.07 was from the coinage
of standard silver dollars, $2,771,652.88 from the coinage of subsidiary silver coins, $1,059.75 from the recoinage of Hawaiian silver
coins, and $24.74 from the recoinage of Porto Rican silver coins
into United States subsidiary coins.
Including the balance on hand at the mints July 1, 1878, the net
seigniorage on silver coined from that date to June 30, 1905, aggregated $135,799,153.08.
The seigniorage on standard silver dollars under the act of July 14,
1890, from August 13, 1890 (the date the act went into effect), to
June 30, 1905, was.$52,834,843.05.
The amount of seigniorage deposited in the Treasury during the
fiscal year was $2,837,402.91, leaving a balance on hand at the mints
on June 30, 1905, of $144.17.
A table showing the seigniorage on silver coinage at each mint
and the disposition of the same will be found in the appendix.
° APPROPRIATIONS AND EXPENDITURES.
The act approved March 18, 1904, making appropriations for the
legislative, executive, and judicial expenses of the Government for
the fiscal year 1905, and act approved March 3, 1905, to supply
deficiencies in the appropriations fqr said year, contained specific
appropriations for the support of the mints and assay offices of the
United States amounting in the aggregate to $1,193,050.
In addition to the specific appropriations contained in the above
acts, $191,065.51 was collected by the mints at Philadelphia and
San Francisco as charges on foreign coinage, and for the manufacture of appliances for Goverriment institutions, which amount was
deposited in the Treasury to the credit of the appropriations for
wages of workmen and contingent expenses of said institutions.
264
REPORT ON T H E FINANCES.
Acts approved June 6, 1900, June 28, 1902, March 3, 1903, April
28, 1904, and March 3, 1905, contained the folloA\dng specific appropriations :
New machinery a n d appliances, m i n t a t Philadelphia
New m a c h i n e r y a n d appliances, m i n t a t S a n Francisco.
New m a c h i n e r y a n d appliances, m i n t a t D e n v e r
'.
."
$440, 185
30, 000
'345, 055
.'
The expenditures from these appropriations during the fiscal 3^ear
were:
Mint at Philadelphia
Mint at San Francisco
Mint at D e n v e r .
-$18, 624. 37
1, 600. 00
131, 360. 08
The total expenditures from the above appropriations to June 30,
1905, have been:
Mint at Philadelphia
Mint a t S a n Francisco
Mint at Denver
'
,
•
$417, 317. 23
30, 000. 00
.'...
177, 762. 36
In "addition to the expenditures from the specific appropriations
there were expended during the fiscal year the following amounts
from the general appropriations contained in the act of July 14, 1890:
Storage of silver bullion (all expended a t Philadelphia)
Coinage of silver bullion (all expended a t San Francisco)
$111. 38
5, 437, 00
Total
5, 548, 38
A P P R O P R I A T I O N S AND E X P E N D I T U R E S F O R T H E F I S C A L Y E A R
1905.
APPROPRIATIONS,
Institution.
Philadelphia
San Francisco
New Orleans
Carson
New York
Denver
Helena
Boise
Charlotte
St. Louis
Deadwood
Seattle
Total
Salaries.
W a g e s of
workmen.
Contmgent
expenses.
Parting
Storage
a n d refinof silver
ing b u l l i o n . bullion.
Coinage
of silver
bullion.
$42,550,00 a$493,615.84 &$96,439.31
41,100.00
c281,063.81 d79,946.55
32,100.00
19,000. 00
38,000. 00
2,200. 00
5,000.00
5,600. 00
10,000. 00
41,050.00
30,000.00
10,500.00
24,200. 00
27,000. 00
4,000. 00
5,450. 00
14,500.00
3,750.00
3,400. 00
. 8,300.00
920. 00
2,750. 00
1,080.00
750. 00
• 3,000.00
1,000.00
2,400. 00
3,200.00
4,000.00
10,250.00
9,000. 00
27,000. 00
214,050.00
931,159.65
Total.
$632,605.15
402,110.36
89,100.00
• 12,800. 00
81,050.00
61,700.00
23,950. 00
15,450. 00
4,750.00
4,750. 00
9,600. 00
46,250. 00
238,905.80
1,384,115.51
°
a Includes $3,909.64 received from Philippine revenues as charges on coinage, medals, and proof coins;
$35,910.55 charges on .Panama coinage; $3,232 charges on Costa Rican coinage; $1.01 charges received
from Government of Venezuela for manufacturing shipping box for coin; $19.30 charges received from
Government of Salvador for coinage; $207.85 charges for manufacturing machinery, colanders,-fire
brick, e t c , for mint at San Francisco; $26.01 charges for manufacturing patterns for bullion balances
for mint at Denver; $3.75 charges for manufacturing couiitmg hoppers for assistant treasurer United
States at Cincinnati; $132.20 charges for manufacturing trucks, counting boards, and hoppers for
assistant treasurer United States at Philadelphia; and $173.53 charges for manufacturing bottle shaker
for laboratory of Bureau of the Mint.
& Includes $2,450.71 received from Philippine"revenues as charges on coinage, medals, and proof coins;
$8,079.45 charges on Panama coinage; $471.30 charges on Costa Rican co.inage; $1.09 charges receivecl
from Government of Venezuela for manufacturing shipping box for coin; $5.78 charges received from
Government of Salvador for coinage; $180.58 charges for manufacturing machinery, colanders, and
fire brick for mint at San Francisco; $12.01 charges on manufacturmg patterns for bullion balances
for mint at Denver; $5.18 charges for manufacturing counting hoppers for assistant treasurer United
States at Cincinnati; $78.95 charges for manufacturing trucks, counting boards, and hoppers for
assistant treasurer United States at Philadelphia; and $154.26 charges for manufacturing bottle shaker
for laboratory of Bureau of the Mint,
cinclndes $100,063,81 received frora .Philippine revenues for coinage,and $6,000 charges on Salvador
coinage,
d Includes $27,946.55 receivecl from Philippine revenues for coinage, and $2,000 charges on Salvador
coinage.
DIRECTOR OF T H E M I N T .
265
APPROPRIATIONS AND EXPENDITURES FOR THE FISCAL YEAR 1905—Continued.
EXPENDITURES.
Institution.
Salaries.
Philadelphia
$42,550.00
S a n F r a n c i s c o . . . . 41,100.00
30,709.44
New Orleans
5,000.00
Carson
40,675. 00
New York
- 19,964.44
Denver
5,450.00
Helena
3,277.77
Boise
2,750. 00
Charlotte.
3,000.00
St. Louis
3,200.00
Deadwood
10,250.00
Seattle
Total
207,926.65
W a g e s of
workmen.
Parting
Storage
C o n t i n g e n t a n d refin- of
e x p e n s e s . i n g bullion. b u silver
lhon.
$448,081.58
243,735.00
28,748.89
3,775. 00
27,436.27
23,602.92
13,992.00
8,133.50
1,080. 00
791.66
3,685.00
26,929.00
$84,131.42 $111,588.44
62,874.42
70,138.55
1,038.97
8,681.87
1,660.10
9,790.56 129,537.32
8,578. 72
3,768. 88
2,445.04
910.83
340.67
1,939,62
6,813.32
$111,38
305,039.15
111,38
829,990-82
199,199.58
Coinage
of silver
bullion.
$5,437.00
G
5,437,00
Total.
$686,462,82
423,284,97
69,179,17
10,435,10
207,439,15
52,146.08
23,210.88
13,856.31
4,740.83
4,132.33
8,824.62
43,992.32
1,547,704.58
EARNINGS AND EXPENDITURES OF THE REFINERIES OF THE COINAGE
MINTS AND ASSAY OFFICE AT NEW YORK DURING THE FISCAL YEAR
ENDED JUNE 3 0 , 1 9 0 5 ;
The earnings of the refineries were as follows:
Charges received for parting and refining bulhon
Surplus bullion recovered
Amount received from sale of by-products
$246, 861. 58
35, 814. 72
28, 396. 50
,
Total earnings for the year
311, 072. 80
which amount was deposited in the Treasury to the credit of the
appropriation for ^^Parting and refining bullion.''
The expenditures on account of ^^ Parting and refining bullion'' during the fiscal year aggregated $305,039.15, showing a net gam of earnings over expenditures of $6,033.65, as shown in the following table:
EARNINGS AND EXPENDITURES FOR PARTING AND REFINING BULLION.FOR THE FISCAL YEAR
ENDED JUNE 30, 1905.
Institution.
Philadelphia
San F r a n c i s c o
New Orleans
New York
Denver
Total
Charges
collected.
Surplus
bullion.
By-products
$55,827.38
58,553.04
2,035.47
110,521.24
19,923.55
$9,717.98
15,843.99
1,241.42
9,011.33
$6,459.09
246,861.58
35,814.72
28,396.50
21,937.41
Total.
Expenditures.
$65,545.36
80,857.02
3,276.89
141,469.98
19,923.55
$111,588.44
62,874.42
1,038.97
129,537. 32
311,072.80
305,039.15
APPROPRIATIONS AND EXPENDITURES OF THE OFFICE OF THE DIRECTOR
o r THE MINT FOR THE FISCAL YEAR 1 9 0 5 .
The acts approved March 18, 1904, and March 3, 1905, making
appropriations for the legislative, executive, and judicial expenses of
the Government for the fiscal year ended June 30, 1905, contained
appropriations for the office of the Director of the Mint aggregating
$39,470.
The expenditures from these appropriations comprised the amounts
paid on account of salaries, supervising the annual settlements at the
mints and assay offices, expenses incurred in collecting and compiling
the statistics of the production of gold and silver in the United States,
the amount paid for incidental expenses and the purchase of and subscription to books and pamphlets, and contingent expenses incurred
in support of the laboratory of the Bureau.
266
REPORT
ON
THE
PUSTANCES.
The expenditures during the fiscal 3^ear aggregated $37,219.69,
leaving an unexpended balance of $2,250:31 to the credit of the several appropriations.
In addition to the above appropriations for the support of the office
of tlie Director of the Mint the provisions of the act approved' March
18, 1904, contained a specific appropriation of $75,000 for ^Treight
on bullion and coin between mints and assay offices." The expenditures from this appropriation for the fiscal year aggregated $54,792.45,
leaving an unexpended balance of $20,207.55 to the credit of said
appropriation.
A P P R O P R I A T I O N S AND E X P E N D I T U R E S O F T H E O F F I C E O F T H E D I R E C T O R O F T H E ]\1INT F O R
THE F I S C A L Y E . 4 R 1905.
P u r p o s e for w h i c h a p p r o p r i a t e d .
Appropriated.
Salaries
E x a m i n a t i o n of m i n t s
:
Mining statistics
Books, p a m p h l e t s , a n d mcidental expenses
Laboratory
F r e i g h t o n b u l l i o n a n d coin b e t w e e n m i n t s a n d a s s a y offices
Total
EARNINGS AND E X P E N D I T U R E S
Expended.
Unexpended.
$30,820.00
2,500.00
5,000.00
400.00
750.00
75,000.00
$30,688.57
2,496.38
2,987.86
358.02
688.86
54,792.45
$131.43
3.62
2,012.14
41.98
61.14
20,207.55
114,470.00
92,012.1.4
22,457.86
OF T H E MINTS AND ASSAY O F F I C E S .
In the appendix to the annual report of the Director of the Mint a
table will be found showing in detail the earnings and expenditures
for the year.
A consolidated statement of expenditures for salaries, wages, and
supplies for the mints and assay offices is given below:
CONSOLIDATED S T A T E M E N T O F E X P E N D I T U R E S F O R S A L A R I E S , W A G E S , AND S U P P L I E S O F
THE M I N T S AND A S S A Y O F F I C E S O F T H E U N I T E D 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
ENDED J U N E 30, 1905.
Item of expenditure.
Acids
Adjustuig weights and repah^ing balances
Advertisements for supplies
Assayer's balances
:
Assayer's materials, matrasses, pipettes, dishes, etc
Barrels and lard tierces
Belting
Burglar alarm for vaults (installation and maintenance).
Bullion boxes
Carpets, furniture, and fixtures
Charcoal
Chemicals
Coal
Coke
Copper
Crucibles, covers, stu'rers, and dippers
Dry goods (cost of raaterials for mittens, sleeves, com
sacks, towelhig, scale covers, etc.)
Electric light and suiDplies
Electric power
:
,
Ensigns '.
Fh'e brick
Fluxes
Freight and drayage
Furnaces and repairs
Gas
Gloves and gauntlets
Hardware
Ice
Iron and steel
'
Labor and repau's (only temporary labor or repair)
Laundering of towels, e t c . . . ' .
Lead, sheet, and lead pipe
Loss on sale of sweeps and leady melts
Luniber
Orduiary
expenses.
Refmmg
expenses.
$2,621.50
163.00
303. 20
361. 70
1,890.56
438. 79
102.19
730.00
197.10
1,264.42
672. 33
1,378. 57
12,929.63
2,318. 98
9,313.75
9,730. 22
$50,712.34
74.00
6,594.91
4,677.51
4,653.73
22.15
1,619.55
659. 71
2,842.66
669.54
11,916.63
9,931.00
2,134.75
1,518.80
1,801.68
9,889.69
2,048.82
265. 27
3,794.62
3,914.45
1,530.80
550.93
1,415.49
29.62
41.75
2,330.40
2,019.78
4,122.13
778.73
19,722.93
7,653.30
347.02
6,156.00
27.49
2,367.06
3,452.70
827.72
944.37
204.64
229.72
4,186.73
27.58
2,798.16
13,209.77
1,206.97
Total
$53,333.84
237.00
303.20
361.70
1,890.56
1,854.28
131.81
730.00
197.10
1,306.17
3,002.73
3,398.35
17,051.76
3,097.71
29,036.68
17,383.52
8,125.71
5,228.44
4,653.73
22.15
1,966.57
6,815. 71
2,870.15
3,036.60
15,369.33
10,758.72
3,079.12
1,723.44
2,031.40
14,076.42
2,076.40
3,063.43
17,004.39
5,121.42
267
DIEECTOE OF T H E M I N T .
CONSOLIDATED
THE M I N T S
ENDED
JUNE
STATEMENT
AND ASSAY
30,
OF EXPENDITURES
OFFICES
FOR SALARIES, WAGES,
OF THE UNITED
STATES
DURING
AND SUPPLIES OF
THE FISCAL
YEAR
1905—Continued.
Ordinary
expenses.
I t e m of e x p e n d i t u r e .
Machinery and appliances
'..
M.et8d w o r k a n d c a s t i n g s
Naphtha
Oils..
R e n t of b u i l d i n g
Salt
Scales and- w e i g h t s
Sewing ( m a k i n g of m i t t e n s , sleeves, coin sacks, t o w e l s ,
• a n d scale covers)
Stationery, printing, and binding
'
S t e a m , s u p p l y of
S u n d r i e s (only s u c h i t e m s a s c a n n o t r e a d i l y b e classified)
Telegraphing
Telephone
Tools
W a t e r (sprinkling, heating, and irrigating)
Wood
Zuic
W a s t a g e of o p e r a t i v e officers
Bills p a i d a t d e p a r t m e n t
Total
Refining
expenses.
$5,794.83
3,760.70
11,216.06
2,124.93
2,799.96
5.90
• 865.00
$3,209.85
1,853.11
139.88
6,218.37
1,223.69
10,541.54
31,9.55.85
181.51
1,960.91
917.29
5,179.73
806.94
'2,942.94
54,532.41
9,478.64
276.10
7,476.80
1,774.62
4.94
. 244.30
2,918.82
46,132.42
2,302.65
204,747.96
193,821.69
8,569.65
207,926.65
829,990.82
111,217.46
207,926.65
941,208.28
1,242,665.43
305,039.15
1,547,704.58
Salaries
W a g e s of w o r k m e n
Total
$9,004.68
5,613.81
11,216.06
2,264.81
2,799.96
525.97
865.00
520.07
5,942.27
1,223.69
3,064.74
'30,181. 23
181.51
1,960.91
912. 35
4,935.43
806.94
24.12
8,399.99
7,175.99
.....:
Total.
MOVEMENT OF GOLD FROM THE PORT OF NEAV YORK.
The superintendent of the United States assay office at New York
has kindly prepared the following tables, giving exports of gold
through the port of New York during the fiscal year ending June 30,
1905:
STATEMENT
PORT
OF UNITED
O F N E WY O R K
STATES
I'o
Date.
O c t o b e r 26.
O c t o b e r 28.
November
November
November
Noveniber
2..
16.
18.
21.
N o v e m b e r 23.
December
December
December
December
December
January
January
January
January
January
J anuary
January
January
14..
22..
23..
28..
30..
4..
6..
11.
16.
18.
20.
25.
27.
F e b r u a r y 1.
February 8.
J u n e 26.
J u n e 28.
Total.
GOLD
EUROPE
COIN
DURING
AND GOLD
BULLION
T H E FISCAL
YEAR
EXPORTED
ENDED
JUNE
FROM T H E
30, 1905.
R a t e of
exchange.
Countrv.
France
England..
Germany.
France
....do..-.
....do....
....do....
Germany.
do
France
Germany.
France
Germany.
France
Germany.
do
$1,253,054
2,030,503
5,957
5,320,548
3,393,206
534,648
1,055,341
500,000
500,000
807,019
1,600,000
539,768
250,000
641,018
250,000
15,358
$4.871
4.87i
4.87i
4.87i
4.87f
4.87
4.87i
4.87i
4.871
4.87i
4.87
4.87i
4,87i
4.87i
• 4.87J
4.87i
France
England..
France
....do....
....do....
....do....
....do....
....do....
Germany.
France
England..
France
Germany.
France
do.-..
England..
823,370
1,500
862,818
843,000
931,308
287,624
3,284, 428
3,000,000
6,447
9,131,423
2,900
1,735,582
1,200
815,933
2,516,937
4,120
4.87J
4.871
4.87^
4.87^
4.87^
4.87|
4.871
42,945,010
4.87f
4.87f
4.88i
4.88i
4.87f
4.87f
4.87i
4.87
4.87
268
REPORT ON T H E FINANCES.
RECAPITULATION OF GOLD EXPORTS TO EUROPE.
Description.
U n i t e d S t a t e s coin
U n i t e d S t a t e s a s s a y office b a r s ( N e w Y o r k )
Bullion
I n ore
Total
France..
Germany.
$14,700,000
23,072,699
3,582
$3,1.00,000
27,932
$1,500
2,030,323
7,944
1,030
37,776,281
3,127,932
2,040,797
England.
Grand total of exports to Europc
$42,945,010
During the same period there were shipped to West Indies, Mexico, Central America, and
South America the following, viii:
United States coin
-.
$30,985,401
Foreign coin
5,553,808 '
Bullion
;.
200
Total gold exports to other ports
'
-.
36,539,409
Grand total of gold exports
79,484,419
The imports during the same period were as follows:
FromEurope:
United States coin
Foreign coin
In ore
$5,632
7,459,225
23
Total gold from Europe..'
:
Frora other ports (West Indies, Mexico, Central and South America):
United States coin
.'
:
Foreign coin
BuUion
In ore
608,536
781,970
1,440,277
1,019,159
$7,464,880
Total from other ports
3,849,942
Grand total of gold imports
11,314,822
During the same period there was exported to England copper
matte containing 1,413 ounces of fine gold and 27,134 ounces of
fine silver.
NET EXPORTS UNITED STATES GOLD COIN.
The net exports of United States gold coin from January 1, 1870,
to June 30, 1905, was $683,437,346, as shown by the following table:
IMPORTS AND EXPORTS OF UNITED STATES GOLD COIN.
Period.
J a n . 1 t o J u l y 1, 1870
Fiscal year—
1871
1872
. .
1873
1874
1875
1876
1877
1878
•
1879
1880
. .
1881
i....
1882
1883
1884
1885
1886
1887
1888
1889
Imports.
$7,325,783
3,654,859
18,207,559
7,577,422
4,796,630
8,112,265
3,824,692
3,352,090
1,687,231
5,862,509
5,181,512
1,403,619
Exports.
Period.
Imports.
Exports.
$6,384,250
Fiscal y e a r — C o n t ' d .
1890
1891
. 1892
1893
1894
1.895
:
1896 .
1.897
1.898
1899
1900 .
. .
1.901....
1902 .
1.903
1904
1905
$1,949,552
2,824,146
15,432,443
6,074,899
30,790,892
10,752,673
10,189,614
57,728,857
40,590,947
7,779,123
8,659,856
3,311,105
3,870,320
1,519,756
5,780,607
2,236,399
$3,951,736
67,704,900
42,841.963
101,844,087
64,303,840
55,096,639
77,789,892
23,646,565
8,402,216
27,425,587
30,674,511
8,425,947
9,370,841
•18,041,660
15,682,424
54,409,014
280,477,360
963,914,706
55,491,719
40,391,357
35,661,863
28,766,943
59,309,770
27,542,861
21,274,565
6,427,251
4,120,311
1,687,973
1,741,364
29,805,289
4,802,454
12,242,021
2,345,809
5,400,976
3,550,770
3,211,399
4,143,939
Total
Net exports
683,437,346
269
DIRECTOR OF T H E M I N T .
STOCK OF MONEY IN THE UNITED STATES.
It has been the custom to present in the reports of this Bureau an
estimate of* the stock of domestic gold and silver coin in the United
States at the end of each calendar and fiscal year.
The estimated stock of domestic coin in the United States at the end
of the fiscal year (June 30, 1905) was: Gold, $1,305,960,157; silver,
$683,053,054; a total of $1,989,013,211.
OFFICIAL TABLE OF STOCK OF COIN IN THE UNITED STATES JUNE 30, 1905.
Item.
SUver.
Gold.
Estimated stock of coin June 30, 1904
$1,285,080,291
Net imports United States coin fiscal year 1905
United States com returned m transports from the Philippine Islands, not recorded at the custom-house, fiscal
year 1905
Coinage, fiscal year 1905
79,983,692
1,365,063,983
Total.
Loss:
Net exports United States coin fiscal year 1905
United States and Hawaiian coin melted for recoinage
(face value)
United States coin estimated to have been used in
the arts
$674,857,600 $1,959,937,891
302,129
302,129
a 843,142
9,123,971
843,142
9,107,663
685,126,842
2,050,190,825
52,172,615
52,172,615
3,431,211
1,973,788
5,404,999
3^500,000
100,000
. 3,600,000
59,103,8
2,073,78
1,305,960,157
683,053,054
Total.
Estimated stock of coin m the United States June 30,
1905
!..:
Total.
61,177,614
1,989,013,211
O' Of this amount $437,578 were tn one-dollar pieces.
NOTE.—The number of standard silver dollars coined to June 30, 1905, was 570,272,610, which, added
to the Hawaiian dollar coinage of 500,000, plus the number imported from the Philippine Islands—
150,000—and the number returned in Government transports from the Philippine Islands—437,578—
equals 571,360,188. Since July 1, 1898, the number of standard silver dollars exported in transports
has been 2,495,000, and shice 1883 the number melted has been 183,083 (this report, page 21), and the
number of Hawanan dollars melted to .June 30,1905, has been 453,240, a total disposition of 3,131,323,
leaving in the United States June 30, 1905, 568,228,865 standard silver dollars, and $114,824,189 in subsidiary silver coins.
In the above table the amount of coin melted for recoinage is taken
at its face value, and the sources from which these amounts were
obtained will be found in a table in the appendix of this report.
The A-alue of the bullion in the mints and assay offices June 30,
1905, was as follows:
BULLION IN MINTS AND ASSAY OFFICES JUNE 30, 1905.
Metal.
Gold
Silver (cost)
- -•
'.
-
Value.
-
$51,921,029
3,348,114
:
-
-
Total
55,269,143
The total metallic stock in the United States June 30, 1905 and
1904, was as follows:
VALUE OF METALLIC STOCK JUNE 30, 1905 AND 1904.
Coin and bullion.
Gold
Silver
June 30, 1905.
Total
^
-
June 30, 1904.
$1,357,881,186
686,401,168
$1,327,672,672
682,383,277
2,044,282,354
2,010,055,949
270
REPORT ON. T H E
FINANCES.
The increase in the stock of gold during the fiscal year 1905 was
$30,208,514, and silver, $4,017,891, a total of $34,226,405.
OWNERSHIP OF THE METALLIC
STOCK.
The ownership of the metallic stock of the United States on June
30, 1905, was as follows:
OWNERSHIP OF GOLD AND SILVER IN THE UNITED STATES J U N E 30,
Silver coin a n d bullion.
Gold coin
and bulhon
Ownership.
United States Treasury
(free)
$221,606,848
United States Treasury
(for certificates o u t standing)
485,210,749
N a t i o n a l b a n k s (M:ay 29,
1905)
111,221,153
N a t i o n a l b a n k s (for clearing-house certificates)..
75,974,500
P r i v a t e banks and individuals
463,867,936
Total
1,357,881,186
1905.
Total
Silver.
T o t a l gold
a n d silver
coin a n d
bullion.
$39,779,821 $13,386,482 $3,348,114
$56,514,417
$278,121,265
454,864,708
Silver
dollars.
Subsidiary
coin.
Silver
bullion.
454,864,708
940,075,457
10,244,630
9,616,387
19,861,017
131,082,170
63,339,706
91,821,320
155,161,026
619,028,962
75,974,500
568,228,865 114,824,189
3,348,114
686,401,168 2,044,282,354
STOCK AND LOCATION OF THE METALLIC AND PAPER MONEY IN THE
UNITED STATES.
The following table exhibits the stock of metaUic and paper mone}^
in the United States and the location of the same on June 30, 1905:
LOCATION OF MONEYS OF THE UNITED STATES JUNE 30,
111 n a t i o n a l
banks May
29,1905.
In other
banks and m
circulation.
$51,921,029
3,348,114
654,896,568
494,644,529
13,386,482
fi $187,1.95,653
10,244,630
9,616,387
$463,867,936
63,339,706
91,821,320
$51,921,029
3,348,114
1,305,960,157
568,228,865
114,824,189
1,218,196,722
207,056,670
619,028,962
2,044,282,354
169,629,979
In Treasury.
Money.
1905.
Total.
METALLIC.
Gold b u l l i o n . . . .
Silver bullion
Gold^coin
Silver d o l l a r s
S u b s i d i a r y silver coin
!..
Total metallic
PAPER.
L e g a l - t e n d e r n o t e s (old issue)
L e g a l - t e n d e r n o t e s ( a c t J u l y 14, 1890)
National-bank notes.'
Total notes
Gold certificates
Silver certificates .
Total certificates.
G I'aiid t o t a l
.
...
14,260,319
140,982
15,690,957
ft 38,340,634
162,790,718
9,272,018
434,074,895
346,681,016
9,413,000
488,106,486
844,200,502
30,092,258
207,970,613
606,137,631
32,579,220
10,400,292
193,003,690
79,574,711
292,207,059
375,289,997
42,979,512
272,578,401
667,497,056
687,605,684
1,892,663,649
a Includes $75,974,500 gold clearing-house certificates.
b Includes $9,516,473 of their own notes held by different national banks.
2,888,482,856
271
DIRECTOR OF TLIE M I N T .
STOCK OF GOLD AND SILVER IN THE UNITED STATES SINCE 1 8 7 3 .
The stock of gold and silver and the amount per capita at the close
of each fiscal year since 1873 in the United States are exhibited in the
following table, compiled from the reports of the Director of the Mint:
ESTIMATED STOCK OF GOLD AND SILVER IN THE UNITED STAI\ES AND THE AMOUNT
CAPITA AT THE CLOSE OF EACH FISCAL YEAR SINCE 1873.
Per capita.
T o t a l coin a n d b u l h o n .
Fiscal y e a r e n d e d J u n e 3 0 -
Population.
Gold.
1873
1874
1875
1876
1.877
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
1903
1904
1905
41,677,000
42,796,000
43,951,000
45,137,000
46,353,000
47,598,000
48,866;000
50,155,783
51,316,000
52,495,000
53,693,000
54,911,000
56,148,000
57,404,000
58,680,000
59,974,000
61,289,000
62,622,250
63,975,000
65,520,000
66,946,000
68,397,000
69,878,000
71,390,000
72,937,000
74,522,000
76,148,000
76,891,000
77,754,000
79,117,000
80,847,000
81,867,000
83,259,000
$135 ,000,000
147: 379,493
12i:,134,906
130',056,907
167:,501,472
213 ,199,977
245 ,741,837
351 ,841,206
478 ,484,538
506 ,757,715
542 ,732,063
545 ,500,797
588',697,036
59o:,774,461
654 ,520,335
705 .818,855
68o:,063,505
695',563,029
646:,582,852
664',275,335
597 ,697,685
627 ,293,201
636 ,229,825
599 ,597,964
696 ,270,542
86i:,514,780
962:,865,505
1,034 ,439,264
1,124: 652,818
1,192:,395,607
1,249:,552,756
1,327:,672,672
1,357 ,881,186
PER
Silver.
Gold.
Silver.
$6,149,305
10,355,478
19,367,995
36,415,992
56,464,427
88,047,907
117,526,341
148,522,678
175,384,144
203,217,124
233,007,985
255,568,142
283,478,788
312,252,844
352,993,566
386,611,108
420,548,929
463,211,919
522,277,740
570,313,544
615,861,484
624,347,757
625,854,949
628,728,071
634,509,781
637,672,743
639,286,743
647,371,030
661,205,403
670,540,105
677,448,933
682,383,277
686,401,168
$3.23
3.44
2.75
2.88
3.61
4.47
5.02
7.01
9.32
9.65
10.10
9.93
10.48
10.29
11.15
11.76
11.09
11.10
10.10
10.15
8.93
9.18
9.10
8.40
9.55
11.56
12.64
13.45
14.47
15.07
15.45
16.22
16.31
$0.15
.24
.44
.81
1.21
1.85
2.40
2.96
3.41
3.87
4.34
4.65
5.05
5.44
6.00
6.44
6.86
7.39
8.16
8.70
9.20
9.13
8.97
8.81
8.70
8.56
8.40
8.42
8.50
8.48
8.38
8.33
8.24
Total
metallic.
$3.38
3.68
3.19
3.69
4.82
6.32
7.42
9.97
12.73
13.52
14.44
14.58
15.53
15.73
17.15
18.20
17.95
18.49
18.26
18.85
18.13
18.31
18.07
17.21
•=18.25
20.12
21.04
21.87
22.97
23.55
23.83
24.55
24.55
WORLD S STOCK OF MONEY.
The monetary systems and an estimate of the approximate stock
of gold, silver, and uncovered paper money in the different countries
of the world at the close of the calendar year 1904 are shown in the
following table compiled from official and unofficial sources, the latter
being used onl}^ in the absence of official information.
272
REPORT ON T.HE FINANCES.
MONETARY SYSI'EMS AND APPROXIMAIE STOCKS OF MONEY, IN THE AGGREGATE AND
S t o c k of gold.
Country.
S r Z h ^ o - t a . y u n i t .
Population.
Thousands.
82,600
48,600
7,000
United States
Austria Hungary
Belgium
British Empire:
Australasia
Canada
United Kingdom.
India
Gold.
..do..
..do..
Dollar.
Crown.
Franc..
..do..
..do..
..do..
..do..
S o u t h Africa
Straits Settlements /
Bulgaria
Cuba
Denmark
Egypt
Finland
France
Germany
Greece
Haiti
Italy
Japan
Mexico
Netherlands
Norway
Portugal
Roumania..'
Russia
Servia
Siam
South American States:
° Argentina
Bolivia
Brazil
Chile
Colombia
Ecuador
Guiana (British)
Guiana (Dutch)
Guiana (French)
Paraguay
Peru
Uruguay
Venezuela
Spain
Sweden
Switzerland
Turkey
.C e n t r a l Anierican S t a t e s .
China
..do..
Silver.
Gold..
..do..
..do..
..do..
..do..
..do..
..do..
..do..
..do..
..do..
..do..
..do..
..do..
..do..
..do..
..do..
..do...do...do..
P o u n d sterling .
.Dollar
P o u n d sterling .
P o u n d sterling
and rupee.
P o u n d sterling .
Dollar
•..
Leva
Peseta
Crown
Piaster
Markkaa
Franc
Mark
Drachma
Gourde
Lira
Yen
Peso
Florin
Crown
Milreis
Lei
Ruble
Dinar
Tical
7,100
5,300
3,700
1,600
. 2,600
9,800
2,800
39,000
56,400
2,400
1,300
33,200
49,800
13,600
5,400
2,300
5,400
6,300
128,200
2,600
5,200
..do
Silver
Gold
• do
..do..
..do..
..do..
..do..
..do..
..do..
..do..
...do..
...do..
...do..
...do..
...do..
...do..
Sil ver i . . .
...do..
Peso
Bohviano
Milreis
Peso
Dollar
Sucre
P o u n d sterling
Florin
Franc
Peso
Sol
Peso
Bolivar
Peseta....
Crown
Franc
Piaster
Peso
Tael
^ 5,200
1,800
• 16,000
3,200
3,900
1,300
300
100
100
600
4,600
1,000
2,600
18,700
5,200
3,300
24,000
4,100
330,100
Total.
5,700
5,800
43,500
295,200
1,298,500
In banks
a n d p u b - I n circuUc t r e a s - l a t i o n .
uries.
Thousands.
o$887,800
b240,000
b 19,100
Total.
ThouThousands.
sands.
$460,400 $1,348,200b65,000
6.305,000
d10,900
6d30,000
b 111,600 d17,000 bd 128,600
b 52,500
6 52,500
(c)
b 194,000 d 339,200 d533, 200
e 53,300 d210,600 de 263,900
641,000
b 15,000
6 56,000
g 1,900
f71,900
(0
d 20,000
d20,000
(^)
b 17,400
617,400
(0
d 12,000 d75,000
d87,000
/ 4,400
94,400
(^)
b 519,700
6 926, 400
b 197,300 b406,700 6d 886,700
b 5,400 d689,400
6 5, 600
b 1,000
b200
61,000
b 131,400
6131,400
(«)
b 42, 700
6 52, ^00
b 8,600
6 8,600
(«)
b27, 200 b 10,100
6 36,500
b 6,800
6 6,800
(^)
b 5,300
6 5,300
b 10,400
610,400
b9,300
b 526,900
6
783,
700
(^)
b 3,300
6 3,300
(^)
b 1,000
61,000
(^)
b256,800
b 72,100
6 72,100
(<^)
fe400
6 400
(«)
b 9,500
6 200
b 1,700
b 1,000
b 100
6 3,900
b 11, 200
b 700
b 72,100
b 17,000
b 20, 700
d10,000
6 2,000
(^)
(^)
(0
(^)
(0
(<^)
(^)
(^)
6 9,500
6 200
6 1,700
(c)
61,000
(^)
6 100
6 3,900
:(c)
611, 200
6 4.800
6 5, 500
6 72,100
(c)
6 20, 200
6 3,200
rf8,900 6 d 29, 600
d .50,000
d40,000
6 2,000
(^)
3,364,600 2,622, 500 5,987,100
a l l l United States T r e a s u r y a n d national banks.
6 Official i n f o r m a t i o n f u r n i s h e d t h r o u g h U n i t e d S t a t e s r e p r e s e n t a t i v e s .
cNo information.
d E s t i m a t e , B u r e a u of t h e M i n t .
e T h e figures for t h e t o t a l s t o c k of gold in I n d i a a r e for t h e n e t h n p o r t s smce 1893-94 p l u s t h e p r o d u c t i o n of t h e c o u n t r y . T h e a m o u n t in t h e G o v e r n m e n t T r e a s u r y is from oflTicial advices. T h e n e t
i m p o r t s of gold since 1835-36—when t h e r e c o r d s b e g i n — a m o u n t t o $817,374,610 a n d t h e p r o d u c t i o n
r e c o r d e d t o $103,209,754. T h e t i d e of gold a n d silver h a s been flowing i n t o I n d i a for c e n t u r i e s .
PER
-
DIRECTOR OF T H E M I N T .
273
CAPITA, IN THE PRINCIPAL COUNTRIES OF THE WORLD, DECEMBER 31,
Per capita.
s t o c k of sHver.
Silver.
Paper.
Thousands.
$559,900
6 54,700
6 111,900
$16.33
6.27
4.28
$8.30
1.64
3.53
$6.78
L13
15.99
6 6,100
6 6.700
6113,400
6 603,800
6 65,100
6118,100
6 32,400
22.56
9.05
12.26
.89
6 20,000
6 19,200
^1,900
d5,000
6 6,200
615,000
^400
6 411,100
6 210,200
6100
6 2,500
6 25,600
6 41,300
6 52,800
6 56,800
6 3,000
6 8,400
6600
6101,900
61,500
6 22,300
7.89
6 20,000
^4,100 " " . " 5 i '
42.50
'6 16," 766* 6.69
8.87
1.57
9 9,100
6110,900
23.75
6 169,800
15.72
616,200
2.33
6 3,500
.77
6150,700
3.96
6101,200
1.06
6 48,900
.66
6 51,200
6.76
6 6,200
2.96
6 61,000
.98
611,300
1.65
6.11
6 2,500
1.27
.19
(0
55.02
13.86
6 286,100
L78
.22 '"*2.'ii"
6 3,200
23.00
6 368,100
.02
9.59
6 30,700 ""2.'97*
.91
190.00
.05
6 741,000
1.00
61,300
1:31 •""."67"
2.00
6 600
2.00
2.00
6 200
10.00
6.00
6 600
17.50
610,500
.17
.85 • " " . ' 5 2 "
3.20
11.20
1.77
.27
9.29 ' " 6 . " 69"
6125,100
3.85
1.46
5.63
6 29,300
3.89
3.24
6.97
6 23,000
8.97
1.67
2.08
1.36 "i3."62'
6 53,400
.49
L06
Limited tender.
Thousands.
$573,200
" Thousands.
$111,900
6 79,700
d9,700
Thousands.
$685,100
6 79,700
d 24,700
6 6,100
6 6,700
6113,400
6 20,000
6 3,200
^1,000
d5,000
6 6,200
6 15,000
^400
6 63,700
6173,100
Total.
6 603,800
616,000
.9 900
1
(^)
•
6 347,400
6 37,100
6 100
6 1,000
6 11,500
6 52,800
6 52,800
(c)
61,500
6 14,100
6 41,300
6 4,000
6 3,000
6 8,400
6 600
6101,900
61,500
6 22,300
6 3,800
(^)
•
( ^ >
6 366
6 2,900
6 100
6 3,800
6 300
6 2,900
(«)
6100
(c)
6 200
. (<=)
(«)
(«)
d30,000
6 5,600
d350,000
2,123,300
Uncovered
paper.
Gold.
Full tender.
d15,000
1904.
6200
6 2,400
6 3,200
6 4,600
6173,700
6 7,600
h 10,700.
d10,000
6 2,400
6 3,200
6 4,600
6173,700
6 7,600
h10,700
d40,000
6 5,600
d350,000
1,007,100
3,130,400
3,392,500
4.61
1.07
L 1 6 "ii.'22"
2.61
2.71
2.05
.11
2.81
3.62
.51
3.12
2.39
1.53
.14
10.54
3.73
.04
1.92
.77
.83
3.89
10.52
1.30
1.56
.10
.79
.57
4.29
2.41
."•"3*77"
1.11
*"4.'ii'
•"'3.'25'
2.84
3.01
6.75
2.69
4.53
2.03
3.59
9.48
2.69
11.29
1.79
"•'.'96'
2.61
Total.
S31.41
9.04
23.80
1
2
3
23.63
21.43
17.58
3.05
4
5
6
7
10.70
7.39
2.13
15.62
13.19
10.40
4.96
37.13
22.46
9.12
5.38
9.26
3.92
8.11
26.76
6.95
13.83
3.54
6.90
2.80
4.48
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
68.88
4.11
23.02
13.47
190.05
2.38
2.00
14.00
6.00
17.67
1.37
14.40
2.04
19.83,
10.9^
19.18
3.75
14.87
LOO
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43.
44
45
46
47
9.63
/Includes Straits Settlements, the Malay States, Ceylon, and Johore.
f7 L'Economiste Europeen, January, 1905.
^ C. Cramer Frey.
i Except Costa Rica and British Honduras—gold standard countries.
NOTE.—The value of the monetary stock of silver standard countries has been changed to conform
to the decline in silver values. The monetary stock of Mexico and other countries where the Mexican
dollar circulates is given in Mexican doUars a t bulUon value.
H. Doc. 9, 5 9 - 1 -
-18
274
REPORT ON T H E FINANCES.
The foregoing table of the world^s stock of money is for December
31, 1904, I t is submitted as giving the best information obtainable,
but unsatisfactory in many respects, owing to defective returns. The
world's stock of gold in monetary use foots up $5,987,100,000; of
silver, $3,130,400,000, and of uncovered paper, $3,392,500,000,
showing, as compared with the estimate of December 31, 1903, an
increase in gold of $301,400,000, decrease in silver of $82,800,000,
and in uncovered paper of $119,000,000.
The most important gains in gold were as_ follows: India,
$200,700,000; United States, $27,800,000; Germany, $85,300,000;
Egypt, $27,000,000; Austria-Hungary, $18,200,000; Netherlands,
$8,100,000. Countries showing a decrease were France, $41,900,000
(France has submitted a new estimate which this Bureau adopts as
official), and Japan, $17,000,000. The decrease shown in silver is
due to a reduction in the estimates for Siam and Italy.
^
On December 31, 1904, the United States, Great Britain, Germany,
Austria-Hungary, France, and Russia, with a total population of
398,300,000, held $4,783,200,000, or over 79 per cent of the world's
stock of gold.
GOLD AND SILVER USED IN INDUSTRIAL ARTS IN THE UNITED STATES
DURING THE CALENDAR YEAR 1 9 0 4 .
Among the purveyors of gold and silver bars for use in the industrial arts the United States mint at Philadelphia and the United
States assay office at New York hold the foremost places; consequently the larger portion of the material consumed in the arts is
brought under Government notice as a matter of public record.
The following table gives the value of the gold and the quantity of
the silver bars issued by the Government institutions during, the
calendar year 1904:
GOLD AND SILVER BARS ISSUED FOR USE IN THE INDUSTRIAL ARTS BY THE GOVERNMENT INSIITUTIONS DURING THE CALENDAR YEAR ENDED DECEMBER 31, 1904.
^
Material used.
Bulhon (new material)
Old jewelry, plate, etc
Total
Gold.
Silver.
$18,948,890.58
3,329,313.74
Fine ounces.
2,316,351.85
601,034.82
22,278,204.32
2,917,386.67
BARS FOR INDUSTRIAL USE MANUFACTURED BY PRIVATE REFINERIES AND FURNISHED
GOLDSMITHS AND OTHERS DURING THE CALENDAR YEAR 1904.
Bulhon (new material)
Unite-fl State.«! coin . . ,
Old plate, jewelry, etc
, Total
Material used.
Gold.
-,
$481,146
582,129
2,396,613
Fine ounces.
15,531,603
390
1,953,653
3,459,888
17,485,646
Silver.
275
DIRECTOR OF T H E M I N T .
Estimating the amount of gold coin used in the arts during the
calendar year to have been $3,500,000, and silver coin $100,000, the
total industrial consumption of the precious metals in the year 1904
was as foUows:
INDUSTRIAL CONSUMPTION OF THE PRECIOUS METALS DURING THE CALENDAR YEAR 1904.
Material used.
New material
United States coin (estimated)
Old material
Total
...
Gold.
Silver.
$19,430,036
3,500,000
5,725,927
Fine ounces.
17,847,955
77,344
2,554,688
28,655,963
20,479,987
The following table gives the amounts and the classification of gold
and silver used in the industrial arts in the United States since 1880:
GOLD AND SILVER BARS FURNISHED FOR U S E IN MANUFACTURES AND THE ARTS, AND
CLASSIFICATION OF THE MATERIAL USED, BY CALENDAR YEARS, SINCE 1880.
GOLD.
Calendar year.
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889 . .
1890
1891
1892
1893
1894
1895...*1896
1897
1898
1899
1900.. -.
1901
1902
1903
1904
United States
coin.
.:....
Total
New
material
(domestic)
Old
material.
Foreign
bulhon and
coin.
Total.
$3,300,000
2,700,000
2,500,000
4,875,000
5,000,000
3,500,000
3,500,000
3,500,000
3,500,000
3,500,000
3,500, opo
3,500,000
3,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
3,500,000
3,500,000
$6,000,000
7,000,000
7,000,000
7,840,000
6,000,000
6,736,927
7,003,480
9,090,342
9,893,057
9,686,827
10,717,472
10,697,679
10,588,703
8,354,482
6,430,073
8,481,789
7,209,787
7,184,822
9,463,262
13,267,287
14,582, 627
16,296,688
18,653,625
19,944,365
12,298,459
$395,000
522,900
696,500
1,549,300
3,114, 500
1,408,902
1,928,046
1,835,882
2,402,976
3,218,971
3,076,426
4,860,712
4,468,685
2,777,165
2,184,946
2,976,269
2,369,343
2,571,428
2,cl64,976
2,734,985
3,480,612
3,386,626
4,677,549
4,665,589
5,725,927
$1,267,600
1,547,800
671,500
194,500
385,500
178,913
638,003
384,122
718,809
291,258
362,062
628,525
771,686
804,254
543,585
471,027
316,804
613,981
437.641
344,906
584,903
685.642
851,673
953,597
' 7,131,577
$10,962,600
11,770,700
10,868,000
14,458,800
14,500,000
11,824, 742
13,069,529
14,810,346
16,514, 842
16,697,056
17,655, 960
19,686,916
19,329,074
13,435,901
10,658, 604
13,429,085
11,395,934
11,870,231
13,565,879
17,847,178
20,148,142
21,868,956
25,682,847
29,063, 551
28,655,963
68,375,000
250,421,753
69,194,215
21,779,868
409,770,836
276
REPORT ON T H E FINANCES.
GOLD AND SILVER BARS FURNISHED FOR U S E IN MANUFACTURES AND THE ARTS, AND
CLASSIFICATION OF THE MATERIAL USED, BY CALENDAR YEARS, SINCE 1880—Continued.
SILVER (FINE OUNCES).
United States
coia.
Calendar year.
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891.. .
1892
1893
1894
J895
1896
1897
1898
.1899
1900
1901
1902
1903
1904
:
:..
:
Total
New
material
(domestic).
Foreign
bullion a n d
coia.
Old
material.
Total.
464,063
154,687
154,687
154,687
154,687
154,687
154,687
1.54,687
154,687
154,687
154,687
154,687
154,687
77,344
77,344
77,344
77,344
77,344
77,344
77,344
77,344
77,344
77,344
77,344
77,344
3,867,188
4,563,281
4,906,920
3,576,143
3,480,469
3,511,310
2,804,635
3,173,208
5,010,218
5,644,495
5,525,155
5,637,642
5,572,006
5,082,054
6,635,685
7,599,323
6,160,777
7,116,009
9,417,981
8,388,658
10,423,485
11,809,418
1.5,236,711
15,016,256
16,629,834
112,148
137,672
164,665
434,595
131,484
357,472
312,589
371, 719
504,318
472,582
495,077
663,707
500,706
945,787
944,504
1,065,902
832,860
853,457
734,233
1,583,678
1,776,006
1,208,523
2,741,331
3,919,726
2,554,687
273,023
286,945
340,544
119,883
502,734
48,501
638,562
506,595
597,082
508,920
963,254
971,516
966,643
1,346,326
759,824
752,942
821,387
616,579
489,160
529,137
940', 450
1,038,409
1,289,623
954,930
1,218,122
4,716,422
5,142,585
5,566,816
4,285,308
4,269,374
4,071,970
3,910,473
4,206,209
6,266,305
6,780,684
7,138,173
7,427, .552
7,194,042
7,451,511
8,417,357
9,495,511
7,892,368
8,663,389
10,718,718
10,578,817
13,217,285
14,133,694
19,345,009
19,968,256
20,479,987
3,248,435
176,788,861
23,819,428
17,481,091
221,337,815
BARS ISSUED FOR USE IN THE ARTS DURING THE FISCAL YEAR 1 9 0 5 .
For purposes of comparison the following tables are given, showing
the value and composition of gold and silver bars issued by the Government institutions for use in the arts and manufactures during the
fiscal year ended June 30, 1905:
VALUE AND COMPOSITION OF BARS ISSUED FOR U S E IN THE INDUSTRIAL ARTS BY THE
UNITED STATES MINT AT PHILADELPHIA DURING THE FISCAL YEAR ENDED J U N E 30,
1905.
B a r s issued.
•
M a t e r i a l used.
Gold.
Fine ounces.
Domestic b u l h o n , . ,
Jewelry, etc
F o r e i g n bullion
F o r e i g n coin
Total..
.
Silver.
Value.
Fine ounces.
266,128.312
4,986.019
$5,501,360.48
103,070.17
6,323.95
229,896.09
7,919.46
274.07
271,114.331
5,604,430.65
244,413.57
277
DIBECTOE OF-^THE M I N T .
VALUE AND COMPOSITION OF BARS ISSUED FOR U S E IN THE INDUSTRIAL ARTS BY THE
UNITED STATES ASSAY OFFICE AT N E W YORK DURING THE FISCAL YEAR ENDED J U N E
30,1905.
Bars issued.
Material used.
Gold.
Fine ounces.
Exclianged for coin
Domestic bullion . .
F oreign bullion
Foreign coins .
Jewelers' bars, etc
Total
Silver.
Value.
Fine ounces.
686,501.315 $14,191,241.65
43,616. 966
901,642. 71
55,229.267
1,141,690.28
1,404.873
29,041.31
106,988.026
2,211,638.80
0
893,740.447
3,652,494.80
18,475,254.75
1,443,331.37
1,690,749. 74
89,354.30
429,059.39
The amount of gold bars exchanged for gold coin during the fiscal
year ended June 30, 1905, was as follows, viz:
For export
For domestic use
$28,841,972.25
14,191,241.65
,
Total
43,033,213.90
EXCHANGE OF GOLD BARS FOR GOLD COIN.
The value of gold bars exchanged for gold coin of full legal weight
by the United States mint at Philadelphia and the United States assay
office at New York during the fiscal year 1905 was $48,534,574.38, as
shown by the following table:
Philadelphia.
Month.
New York.
Total.
1904,
July.....
August
September
October
November
December
$260, .328.41
450,794.88
529,387.82
524,432.25
483,784.71
272,790.25
-
$782,224.94
1,099,978.60
1,427,357.65
4,748,227.09
12,490,844.12
5,932,954.98
$1,042,553.35
1,550,773.48
1,956,745.47
5,272,659.34
12,974,628.83
6,205,745.23
1905
January
February
March
April
May
June
461,602.44
431,530.33
538,413.09
530,987.67
568,381. 84
448,926.79
,
5,501,360.48
Total
4,894,887.30
3,535,414.62
1,130,003.80
1,139, 937. 20
1,185,905.33
4,665,478.27
43,033,213.90
5,356,489.74
3,966,944.95
1,668,416.89
1,670,924.87
1,754, 287.17
5,114,405.06
48,534,574.38
Of the total value of gold bars, $48,534,574.38 reported as exchangedfor gold coin, $28,841,972.25 were exported, and $19,692,602.13 were used in the industrial arts.
THE W O R L D ' S INDUSTRIAL CONSUMPTION OF THE PRECIOUS METALS IN
1904.
This Bureau estimates the world's consumption of the precious
metals in the arts during 1904 as follows:
Gold, 120,373 fine kilograms, of the value of $80,000,000, equivalent to 3,870,000 fine ounces, and silver, 1,784,652 fine kilograms, of
the value of $30,000,000, equivalent to 57,377,800 fine ounces. I n
these estimates only new material is taken into account.
278
REPORT
PRODUCT
OF
GOLD
AND
ON
THE
SILVER
IN
FINANCES.
THE
UNITED
STATES
IN
1904.
The detailed statistics of the product of gold and silver in the United
States for the calendar year 1904 were presented in a special report to
the Secretary of the Treasury.
The distribution of the product among producing States and Territories was as follows:
APPROXIMATE DISTRIBUTION B Y PRODUCING STATES AND TERRITORIES O F T H E PRODUCT
O F G O L D A N D S I L V E R I N T H E U N I T E D S T A T E S F O R T H E C A L E N D A R Y E A R 1904.
[As estimated by the Director of the Mint.]
Gold.
State or Territory.
Alabama
Alaska
Arizona
CaUfornia
Colorado
Georgia
Idaho
Maryland
Michigan
Montana
Nevada
New Mexico
North Carolina.
Oregon
South Carolina.
South D a k o t a . .
Tennessee
Texas
Utah
Virginia
Washington
Wyoming
Total.
Silver.
Total value
Commer(silver a t
cial value. commercial
value).
Fine
ounces.
Value.
Fine
ounces.
1,417
443,139
161,761
918,873
1,180,147
4,688
72,742
116
S2§,300
9,160,500
3,343,900
18,994,800
24,395,800
96,900
1,503,700
2,400
200
198,700
2,744,100
1,441,300
14,331,600
1,500
7,810,200
$116
115,246
1,691,578
836,954
8,312,328
8/0
4,629,9.16
246,606
208,390
18,475
5,994
63,366
6,892
339,815
208
110
203,902
184
16,862
793
5,097,800
4,307,800
381,900
123,900
1,309,900
121,800
7,024,600
4,300
2,300
4,216,000
3,800
327,900
16,400
127,800
14,608,100
2,695,100
214,600
14,800
133,200
500
187,000
69,200
469,600
12,484,300
.6,700
. 149,900
4,400
74,124
8,472,698
1,563,158
124,468
8,684
77,266
290
108,460
34,336
272,368
7,240,894
3,886
86,942
2,652
$29,416
9,275,746
4,936,478
19,830,764
32,708,128
97,770
6,033,616
2,400
74,124
13,670,498
6,870,968
606,368
132,484
1,387,166
122,090
7,133,060
38,636
274,668
11,456,894
7,686
414^842
18,^52
3,892,480
80,464,700
57,682,800
33,466,024
113,920,724
The annual production of gold and silver from the mines of the
United States since 1792 is shown in table in appendix.
WORLD'S
PRODUCTION.
Tables compiled from information furnished by foreign governments through our diplomatic representatives and revised from the
latest data, exhibiting the weight and value of the gold and silver
product of the principal countries of the world for the calendar years
1902, 1903, and 1904, will be found in the appendix.
WORLD S
COINAGE.
In the appendix will be found a table, revised from the latest information received, exhibiting the coinages of the various countries of the
world during the calendar years 1902, 1903, and 1904. The following
is a summary of the same:
DIRECTOR OF T H E
279
MINT.
COINAGE OF NATIONS.
Calendar year.
•
snver.
Gold.
1902
1903
1904
•-
$193,715,362
208,367,849
172,270,379
$220,406,126
240,496,274
455,427,086
The above figures represent, as nearly as this Bureau has been able
to ascertain, the total value of the gold and silver coinages executed in
the world during the years given.
It must be borne in mind, however, that the total of these coinages
does not correctly represent the amount of new gold and new silver
made into coins auring the year, for the reason that the coinages as
reported include the value of domestic and foreign coins melted for
recoinage, as well as old material, plate, etc., used in coinage.
In the circular letter of inquiry prepared at this Bureau and sent to
foreign governments through the Department of State, asking for
information on these subjects, it was especially requested that each
country report the amount of such recoinages. This has been done in
many instances, but not in all.
COINAGE OF GOLD AND SILVER OF THE MINTS OF THE WORLD FOR THE CALENDAR YEARS
SINCE 1873.
snver.
Gold.
Calendar year.
Fine ounces.
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
1903
1904
,
.
:
Total..
..
Value
Fine ounces.
Coining v a l u e .
12,462,890
6,668,279
9,480,892
10,309,645
9,763,196
9,113,202
4,390,167
7,242,961
7,111,864
4,822,861
5,071,882
4,810,061
4,632,273
4,678,310
6,046,510
6,522,346
8,170,611
7,219,726
5,782,463
8,343,387
11,243,342
11,025,680
11,178,856
9,476,639
21,174,850
19,131,244
22,648,101
17,170,063
12,001,637
10,662,098
11,634,007
22,031,286
$267,630,802
135,778,387
195,987,428
213,119,278
201,616,466
188,386,611
90,762,811
149,726,081
147,016,275
99,697,170
104,845,114
99,432,795
96,757,682
94,642,070
124,992,466
134,828,865
168,901,619
149,244,965
119,534,122
172,473,124
232,420,517
227,921,032
231,087,438
195,899,617
437,722,992
395,477,905
466,110,614
354,936,497
248,093,787
220,406,126
240,496,274
455,427,085
101,741,421
79,610,875
92,747,118
97,899,525
88,449,796
124,671,870
81,124,655
66,442,074
83,539,051
85,685,996
84,541,904
74,120,127
98,044,476
96,666,844
126,388,602
104,354,000
107,788,256
117,789,228
106,962,049
120,282,947
106,697,783
87,472,623
98,128,832
123,394,239
129,776,082
116,461,020
128,666,167
143,362,948
107,439,666
149,826,726
161,159,508
0 145,332,336
$131,644,464
102,931,232
119,915,467
126,677,164
114,359,332
161,191,913
104,888,313
84,611,974
108,010,086
110,785,934
109,306,705
95,832,084
126,764,574
124,864,101
163,411,397
134,922,344
139,362,696
152,293,144
138,294,367
165,517,347
137,962,690
113,095,788
126,873,642
159,540,027
167,790,006
149,282,936
166,226,964
186,358,156
138,911,891
193,715,362
208,367,849
172,270,379
321,711,196
6,650,360,703
3,434,367,441
4,424,760,227
a Actual weight consumed in coinage.
280
REPORT ON T H E FINANCES.
FOREIGN COINS MELTED BY CERTAIN
COUNTRIES.
The foreign gold and silver coins melted by the various countries of
the world during the calendar years 1902, 1903, and 1904, so far as
have been reported to this Bureau, are exhibited in the following table:
FOREIGN GOLD AND SILVER COINS MELTED BY CERTAIN COUNTRIES, CALENDAR YEARS
1902, 1903, AND 1904.
1902.
1904.
1903.
Country.
Silver.
Gold.
UnitedStates
Austria-Hungary
GreatBritain.
Germany
India .. .
Japan
Persia
Russia
Siam
Turkey .
$8,960,253
662,165
Total
24,744,912
Gold.
Silver.
$42,420 $13,421,491
611,430
24,503
202,960
9,415,601
12,776,492
1,674,722
13,942
517,389
34
Silver.
Gold.
$601,961 $47,848,822
94,345
3,788,810
1,907,252
1,264,814
4,988
2,665,375
426,293
4,671
$8,878,608
17,881
100,305
1,990
2,55i,929
657,338
2,894,070
2,821,812
26,860,015
3,039,510
5,485,368
1,067,281
61,053,189
10,066,065
RECOINAGES OF THE WORLD.
The following table, compiled from official sources, exhibits approximately the recoinages of gold and silver in the principal countries of
the world for the calendar years 1902, 1903, and 1904, so far as the
same has been reported to this Bureau:
GOLD AND SILVER RECOINAGES REPORTED BY THE PRINCIPAL COUNTRIES OF THE WORLD
DURING THE CALENDAR Y E A R S 1902, 1903, AND 1904.
1902.
1903.
1904.
Country.
United States
Australia
Austria-Hungary
Belgium
F r a n c e . '.
Germany
GreatBritain
India (British)
Italv
Japan
Mexico Netherlands
Norway
Persia
Peru
.
Russia
Servia
Siam
Spain
Sweden
Switzerland
Turkey
Silver.
Gold.
Silver.
Gold.
$1,137,228
4,326
528,822
$2,961,105
$2,101,203
2,274
584,393
$2,904,287
$2,318,298
4,224
2,535,701
51,712
1,529,349
10,219,650
2,294,594
10,497,126
1,992,917
35,841,519
•1,000,161
18,092
8,658
220,100
42,076
15,649
135,087
3,833,902
49,200
1,388,016
10,219,650
48,697
305,673
14,313,096
1,347,193
17,836,827
20,698
2,588
936,656
763,800
13,829
2,040
155,251
69,778
123,963
.
Total
Silver.
Gold.
.
25,730,912
21,779
2,551,929
501,606
35,586
.39,325,962
41,723
2,363,617
1,973,708
10,219,650
8,614,298
14
2,046,092
66,365
686,300
8,793
1,257,573
62,658,186
15,332,276
41,146,813
$2,465,363
19,835
618,758
1,930,000
15,421,905
3,108,905
11,661,224
60,629
1,634,116
4,479
1,688,400
10,023
36,097
14,027,198
2,296,700
1,489,972
13,201
38,600
79,136
28,029,510
56,604,530
The foUowing table shows the amount of United States gold coin
imported by various countries and the value of the United States gold
coin meltea at their mints:
toiEECTOB
Total import United States
Import of
gold coin
United States of gold from
melted
gold coin.
United States.
Country.
Austria-Hungary
Costa Rica
Dutch Guiana .
Germany
Great Britain
India
Japan
.
. .
.
. . . .
.
. . . .
'
Total
'.
•
VALUES
$29,285
$390,965
5,000
5,981
. .
.
281-
OF T H E M I N T .
OF FOREIGN
2,255
2,141
$390,965
5,000
12,627
127,001
2,256
2,141
406,342
539,989
,
1,264,814
9,474,591
842,122
11,610,812
COINS.
The law requires (sec. 25, act of August 28, 1894)—
That the value of the foreign coins as expressed in the money of account of the United
States shall be that of the pure metal of such coin of standard value; and the values of the
standard coins in circulation of the various nations of the world shall be estimated quarterly
by the Director of the Mint, and be proclaimed by the Secretary of the Treasury immediately
after the passage of this act and thereafter quarterly on the 1st day of January, April, July,
and October in each year.
In accordance with the foregoing requirements the values of foreign
coins have been estimated and proclaimed as follows: .
VALUES OF FOREIGN COINS, OCTOBER
1,1905.
[The coins of silver-standard countries are valued by their pure sdver contents, at the average
market price of silver for the three months preceding the date of this circular.]
Country.
Argentine Republic
Standard.
Gold.
Monetary unit.
Peso.
Value
in
terms
of
United
States
gold
dollar.
$0,965
Austria-Himgary
.do.,
Crown.
Belgium
.do..
Franc..
.193
Boliviano.
Milreis
.441
.546
Bolivia.
Brazil..
Silver.
Gold..
.203
Coins.
Gold: Argentine ($4,824) and \
Argentine.
Silver:- - Peso and
divisions.
Gold: 10 and 20 crowns. Silver: 1
and 5 crowns.
Gold: 10 and 20 francs. Silver: 5
francs.
Silver: Boliviano and divisions.
Gold: 5,10, and 20 milreis. Silver:
\, 1, and 2 milreis.
British Possessions,N.
A. (except Newf ound-i
land).
Central A m e r i c a n
States:
Costa Rica
-.do.... Dollar.
.do.
Colon..
.465
British Honduras.
Guatemala
Honduras
Nicaragua
Salvador '.
Chilg
.do.
Dollar.
1.000
Silver.
Peso...
.441
Silver: Peso and divisions.
Gold..
.....do.
.365
Gold: Escudo ($1,825), doubloon
($3,650), and condor ($7,300).
Silver: peso and divisions.
1.000
Gold: 2,5,10,and20colons($9.307)
Silver: 5,10, 25, and 50 centimos.
282
REPORT ON T H E FINANCES.
VALUES OF FOREIGN COINS, OCTOBER' 1, 1905—Continued.
Country.
Standard.
Monetary unit.
Value
in
terms
of
United
States
gold
dollar.
China.
Silver.
Columbia.
Gold.
Amoy
$0.724
Canton......
.722
Chefoo
.692
Chin Kiang.
.707
Fuchau
.669
Haikwan
.736
(customs).
Hankow —
.677
Kiaochow..
.714
Tael
Nankin
.716
Niuchwang.
.679
Ningpo
.696
Pekmg
.706
Shanghai...
.661
.669
Swatow
.728
Takau
.701
^Tientsin
.476
Hongkong..
.476
British
Dollar. Me x i c a n
.480
chopped.
1.000
Dollar.
Denmark..
Ecuador...
...do.
...do.
Crown.
Sucre..
Coins.
{
Egypt.
.do.
Pound (100 piasters).
Finland.-
.do.
Mark
France..
.do.
Franc
German Empire.
Great Britain —
.do.
.do.
Mark
Greece.
.do.
Haiti..
.do.
India..
.do.
Italy...
.do.
Japan..
.do.
Pound sterling.
Drachma
Gourde
Pound sterling a
Lira
Yen
Liberia.
Mexico..
.do.
.do.
Netherlands.
.do.
Peso b
Newfoundland
Norway
Panama
...do.
...do.
...do.
Florin
Persia.
Silver.
Peru...
Gold .:
Philippine Islands.
Portugal
Russia...-
.do.
.do.
.do.
Spain.
.do.
Sweden
Switzerland.
Turkey
.do.
.do.
.do.
Uruguay..
.do.
Venezuela.
.do.
Dollar
Dollar
Crown
Balboa
Kran
Sol
Peso
Milreis
Ruble
Peseta
Crown
Franc
Piaster
Peso
Gold: Condor ($9,647) and double
condor. SUver: Peso.
Gold: 10 and 20 crowns.
Gold: 10 sucres ($4.8665). Silver:
Sucre and divisions.
4.943 Gold: Pound (100 piasters), 5, 10,
20, and 50 piasters. Silver: 1,2,
6,10, and 20 piasters.
.193 Gold: 20 marks ($3,859), 10 marks
($1.93).
.193 Gold: 5, 10, 20, 50, and 100 francs.
Silver: 5 francs.
.238 Gold: 6,10, and 20 marks.
4.8662 Gold: Sovereign (pound sterling)
and ^ sovereign.
.193 Gold: 5, 10, 20, 50, and 100 drachmas. Silver: 6 drachmas.
.965 Gold: 1,2,5, and 10 gourdes. SUver: gourde and divisions.
4.866i Gold: Sovereign (pound sterling).
Silver: rupee and divisions.
.193 Gold: 5, 10, 20, 60, and 100 Ure.
Silver: 6 lire.
Gold: 5,10, and 20 yen. SUver: 10,
20, and 60 sen.
1.000
.498 Gold: 6 and 10 pesos SUver: dollar c (or peso) and divisions.
.402 Gold: 10 florins. SUver: J, 1, and
2^ florins.
1.014 Gold: 2 dollars ($2,027).
.268 Gold: 10 and 20 crowns.
1.000 Gold: 1, 2J, 5, 16, and 20 tjalboas.
SUver: Peso and divisions.
.081 Gold: ^, 1, and 2 tomans ($3,409).
SUver: | , ^, 1, 2, and 6 krans.
.487 Gold: Libra ($4.8665). SUver: sol
and divisions.
.600 SUver: Peso 10,20, and50centavos.
1.080 Gold: 1,2,5, and 10 mUreis.
.515 Gold: 5, 7h, 10, and 15 rubles.
SUver: 6,10,15,20,26,60, and 100
copecks.
.193 Gold: 25 p e s e t a s . S i l v e r : 5
.268
.193
.044
1.034
.193
Gold: 10 and 20 crowns.
Gold: 6, 10, 20, 50, and 100 francs.
SUver: 5 francs.
Gold: 25, 60, 100, 250, and 500
piasters.
Gold: Peso. SUver: Peso and divisions.
Gold: 5,10,20,50, and 100 bohvars.
SUver: 5 bolivars.
Bolivar
a The sovereign is the standard coin of India, but the rupee ($0.3244J) is the money of account, current
a t 16 to the sovereign.
b Seventy-five centigrams fine gold.
c Value in Mexico, $0,498.
DIRECTOR OF T H E M I N T .
283
O
CHANGES IN THE VALUES OF FOREIGN COINS DURING 1905.
Value , 1906.
Country.
Monetary unit.
Bolivia
;...
Central American S t a t e s . .
China
Do
Do
Do
Do
Do .'. . . .
Do
Do
Do
Do
Do!
.
Do
Do
Do
Do
Do
Do
Do
Do
Mexico
Panama
Persia
SUver boliviano
SUver peso
Silver tael. Amoy
SUver tael. Canton;
SUver tael, Chefoo
^
SUver tael. Chin Kiang
SUver tael, Fuchau
SUver tael, haikwan (customs)..
SUver tael. Hank au
SUver tael, Kiaochow
SUver tael, Nankin
SUver tael, Niuchwang
SUver tael, Ningpo. . .
SUver tael, Peking
SUver tael, Shanghai
SUver tael, Swatow
SUver tael, Takau
SUver tael. Tientsin . .
SUver dollar (Hongkong)
Silver dollar (British)
SUver dollar (Mexican, chopped).
Gold peso
Gold balboa
SUver kran
Oct. 1.
Apr. 1.
July 1.
$0,431
.431
.707
.705
.676
.690
.654
.719
.661
$0,439
.439
.719
.717
.688
.703
.665
.732
.673
.699
.663
.679
.689
.645
.653
.711
.685
.712
.674
.691
.701
.657
.664
.724
.697
$0,441
.441
.724
.722
.692
.707
.669
.736
.677
• .714
.716
.679
.696
.706
.661
.669
.728
.701
.476
.476
.480
.468
.477
1.000
.081
$0,422
.422
.691
.689
.661
.675
.639
.703
.647
.682
.684
.648
.664
.674
.631
.638
.695
.670
.455
.455
.458
.498
.078
.081
Jan.l.
.079
LABORATORY OF THE BUREAU OF THE MINT.
During the calendar year 1904 there were tested by the assayer
of this Bureau 354 gold and 820 silver coins, all of which were found
within the legal requirements as to weight and fineness.
In the gold coins the greatest deviation above standard (the legal
limit being 0.001 above or below) was 0.0002, while the greatest
deviation below was 0.0004.
The greatest deviation of silver coin above standard (the; limit
being 0.003 above or below) was 0.0013, while the greatest deviation
below was 0.0016.
The following table shows the number of pieces assayed at the
Bureau and the average fineness; also the total number assayed
from each mint, with the average fineness, for the year:
NUMBER AND AVERAGE FINENESS OF GOLD AND SILVER COINS OF THE UNITED STATES
TESTED AT THE BUREAU OF THE MINT DURING THE CALENDAR YEAR 1904.
Philadelphia.
Month.
Number of
pieces.
Gold. SUver. Gold.
1904.
January
February...
March
AprU
May
June
July
August
September..
October
November..
December
Total.
Average
30
28
24
26
54
4
2
34
2
2
206
New Orleans.
San Francisco.
Average fineness.
Number of
pieces.
Average fineness.
SUver. Gold. SUver. Gold.
Number of
pieces.
Silver. Gold. SUver. Gold. SUver.
900.04
12
40
20 899.87 899.75
26
28 "899.'98" 899.78
6 899.86 899.87
899.78
28
34 899.97 899.70
"""48"
4 899.89 899.60
899.67
16
.... ^. 899.94
"""ie"
'899.'72" 898.94
16
899.96 "899." 70"
899.15
24
899.89
28
899.78
60 899.98 899.55
8 '899.'93" 899.68 ••*i4'
62 900.00 898.97 """24*
18 899.71 900.32
18
34 899.99 899.62
10
64
32 900.00 899.74
900.12
38
30 900.00 899.47
899.65
322
899.96
899.60
124
276
899.82
Average fineness.
899.71
24
24
26
28
14
14
34
26
30
......
16
222
899.85
899.63
899. 74
899.57
899.01
899.61
899. 74
900.04
"966.'07"
899.96 "899." 52
899.60
900.02
899.69
284
.^
REPORT ON T H E FINANCES.
PROCEEDINGS OF THE ASSAY COMMISSION, 1 9 0 5 .
The following-named gentlemen were designated by the President
as commissioners to test and examine the weight and fineness of the
coins reserved at the several mints during the calendar year 1904,
pursuant to the provisions of section 3547 of the Revised Statutes:
Hon. J. H. Southard, House of Representatives; Hon. Ellis H.
Roberts, Treasurer of the United States; Mr. Milo M. Potter, Los
Angeles, CaL; Mr. 0 . W. Thompson, Vermilion, S. Dak.; Mr. S. J.
Bennett, Fort Dodge, Iowa; Mr. Benjamin S. Hanchett, Grand
Rapids, Mich.; Hon. Warren Truitt, Moscow, Idaho; Mr. Charles
S. Winslow, Chicago, 111.; Mr. W. A. Blair, Winston-Salem, N. C ;
Mr. E. R. Sharp, Columbus, Ohio; Mli. L. A. Fischer, Bureau of
Standards; Dr. John A. Matthews, Syracuse, N. Y.; Dr. Francis H.
Smith, University of Virginia; Dr. Leonard P. Kinnicutt, Worcester
Polytechnic Institute; Dr. Edgar F. Smith, University of Penns}^vania; Mr. John Birkinbine, Philadelphia, Pa.; Mr. Edward F.
Stotesbury, Philadelphia, Pa.; Mr. W. H. Anderson, Grand Rapids,
Mich. (Dr. H. G. Torrey; Mr. William Barret Ridgely, Comptroller
of the Currency; Hon. J. B. McPherson, judge, eastern district of
Pennsylvania, ex officio members.)
The commission met at the mint at Philadelphia Wednesday, the
8th day of February, and a quorum being present organized by the
election of Hon. Ellis H. Roberts as chairman. Miss M. V. Kellj
acting as secretary.
The following-named commissioners answered to the roll call:
Messrs. Ellis H. Roberts, Thompson, Bennett, Truitt, Winslow, Sharp,
Fischer, Matthews, Kinnicutt, Blair, Hanchett, Anderson, and
Torrey.,
The following committees were appointed by the chairman with
the approval or the committee:
Committee on counting: Mr. Winslow, chairman; Messrs. Bennett,
Sharp, Hanchett, Anderson, and Thompson.
Committee on weighing: Doctor Kinnicutt, chairman; Messrs.
Torrey, Fischer, and Truitt.
Committee on assaying: Dr. Edgar F. Smith, chairman; Messrs.
Stotesbury, Matthews, and Blair.
REPORT OF THE COMMITTEE ON COUNTJNG.
FEBRUARY 9,
1905.
To the Board of Assay Commissioners:
The committee respectfully report that the packages containing the pieces reserved by
the several mints for the trial of coins in accordance with section 3539 of the Revised
Statutes weve delivered to us by the superintendent of the mint at Philadelphia. That
the packages delivered were compared with the transcripts kept by the Director of the
Mint and lound to be correct. The verification of the packages containing the reserved
coins being completed, they were delivered to the committee on weighing and assaying.
In the report of those committees will be found an account of the disposition of these
coins.
The quantities of coin reserved at the mints for the purposes of the committee were as
follows:
Gold coins from the mint at Philadelphia, 7,066 in number, of the value of 1130,258.50.
Silver coins from the mint at Philadelphia, 15,005 in number, of the value of $4,079.10.
Gold coins from the mint at San Francisco, 5,232 in number, of the value of $103,185.
Silver coins from the mint at San Francisco, 1,829 in number, of the value of 11,330.50.
Gold coins from the mint at New Orleans 110 in number, of the value of $1,110.
Silver coins from the mint at New Orleans, 3,647 in number, of the value of $2,446.50.
DIRECTOR OF T H E M I N T .
285
The coins reserved on account of the coinage executed for the Philippine Islands were as
follows:
Mint at Philadelphia:
Pesos
50 centavos
20 centavos
10 centavos
:
10
10
10
10
Total
40
Mint at San Francisco:
Pesos....;:50 centavos.
20 centavos:
10 centavos.
3, 300
1, 080
1, 030
2, 520
•-
Total
7, 930
• REPORT OF THE COMMITTEE ON ASSAYING.
FEBRUARY 9,
1905.
To ihe Board of Assay Commissioners:
GENTLEMEN: In compliance with section 3547 of the Revised Statutes, we have taken
samples of the coins reserved from the United States mints at Philadelphia, San Francisco,
and New Orleans for assay. These samples represent the various deliveries made by the
coiners to the superintendents of the several mints during the calendar year 1904.
The result of the assays made of the individual coins and of the same in mass are given
in the following schedules. From these it will be seen that the greatest excess in the assay
value of the gold coinage above standard at the different mints (the limit of tolerance
being one thousandth) is at—
Philadelphia
San Francisco
New Orleans
900. 6
900. 3
900. 5
-
The greatest deficiency below standard (the limit of tolerance being one thousandth)
is at—
PhiladelphiaSan Francisco
New Orleans
Lewis and Claris Exposition dollar
899. 8
899. 4
899. 5
899. 8
.v
The greatest excess in silver coins (the limit of tolerance being three thousandths) is at—'
Philadelphia
San Francisco
New Orleans
Philippine coinage:
Philadelphia
San Francisco
900. 4
901. 3
900. 7
'.
900. 2
901. 3
The greatest deficiency in the silver coins (the limit of tolerance being three thousandths)
is at—
Philadelphia
San Francisco
New Orleans
Philippine coinage:
Philadelphia
San Francisco
:
898. 2
898. 6
897. 7
: . . 899.1
897. 7
The committee also tested the quartation silver and found it free from gold, and the
lead used in the assay of gold bulHon and found it free from gold and silver. The acid
used in the humid assay of silver was found to be free from silver and also from chlorine.
The balances used were tested and found to be correct.
The committee therefore deem the assays to be entirely trustworthy.
286
REPORT ON T H E FINANCES.
REPORT OF THE COMMITTEE ON WEIGHING.
FEBRUARY 9, 1905.
To the Board of Assay Commissioners:
GENTLEMEN : The committee on weighing respectfully report that they have examined
sample coins selected at random from those reserved by the several mints, and the number
of coins weighed in mass were as follows:
Mint at Philadelphia.—144 gold coins, 494 silver coins.
Mint at San Francisco.—8 gold coins, S3 silver coins.
Mint at New Orleans.—No mass melt.
The weighing of the single pieces was made with a balance by Troemner, of Philadelphia,
and the weights employed were furnished under seal by the Director of the National Bureau
of Standards, and were certified by him as being of the true standard of weight as fixed by
law. The mass weighings were made upon the large Saxton balance of the mint. Both
balances were carefully tested. The committee examined the weights ordinarily employed
in the mint and found them to be in accordance with the usual interpretation of the standard
prescribed by law.
The details of the weighings as shown in the tables indicate that the deviations from
the statutory standard weights of the coins examined were all within the legal tolerance.
Consequently the committee on weighing pronounces the examination of the weights of
the coinage of the several mints during the year 1904 to be satisfactory.
On motion of Mr. Blair, seconded by Mr. Anderson, and unanimously carried, the following resolutions were adopted:
'^Resolved, That the Assay Commission appointed to examine and test the reserved coins
of the several mints of the United States for the year 1904 begs leave to submit the following
report:
' ' 1 . The Commission has thoroughly and carefully, according to law, examined and
tested, in the presence of the Director of the Mint, the fineness and weight of the coins
reserved by the several mints for this purpose.
" 2 . The Commission, by examination and test, has found that the coins do not difl^er
from the standard fineness and weights by a greater quantity than is allowed by law,
and that therefore the tests are entirely satisfactory in every particular, and are so reported."
On motion of Mr. Thompson, the Commission adjourned sine die.
MINT OF THE UNITED STATES AT PHILADELPHIA.
JOHN H . LANDIS, Superintendent.
The following table shows, by weight and value, the gold and silver
deposited at the mint at Philadelphia for domestic coinage during
the fiscal year ended June 30, 1905:
Metal.
Gold
SUver
Total..
Deposits.
Redeposits. Standard ounces. Coinage value.
2,735
384
2,119
35
3,119
2,154
1,288,630.970
1,656,933.39
$23,974,529.71
2,061,503.46
26,036,033.17
There were also deposited during the year 2,501,270 standard
ounces of silver bullion, of a subsidiary coinage value of $3,112,000.09,
for coinage for foreign governments.
There were transferred to the mint at San Francisco 2,286,000
standard ounces of silver bullion, purchased under section 3526,
Revised Statutes, and meltings of uncurrent subsidiary silver coin
for recoinage, and to the mint a t New Orleans 97,083.18 standard
ounces of silver bullioh, meltings of uncurrent subsidiary silver coin
for recoinage, in exchange for like amounts of silver bullion purchased under the act of July 14, 1890.
There were transferred from the Treasury for recoinage during the
year 408,777 pieces of worn and uncurrent domestic gold coin, having
a face value of $2,780,608, containing 148,378.400 standard ounces,
of the value of $2,760,528.38, and showing a loss of $20,079.62;
287
DIRECTOR OF T H E M I N T .
also 6,980,222 pieces of uncurrent domestic subsidiary silver coin,
of the face value of $1,339,444.31, containmg 1,009,674.24 standard
ounces, having a coinage value in subsidiary coin of $1,256,204.34,
showing a loss of $83,239.97.
There were also received over the counter 11,921 pieces of uncurrent domestic gold coin, of the face value of $80,895.50, containing
4,316.056 standard ounces,, of the value of $80,298.73, and showing
a loss of $596.77; also 9,032 pieces of domestic silver coin, of the
face value of $3,750.07, containing 3,039.05 standard ounces, having
a coinage value in subsidiary coin of $3,779.72.
DENOMINATIONS AND AMOUNTS OF UNCURRENT DOMESTIC GOLD AND SILVER COINS TRANSFERRED FROM THE TREASURY AND RECEIVED OVER THE COUNTER.
GOLD COINS.
Transferred
from the
Treasury
(nominal
value).
Denomination.
3)ouble eagles
Eagles
Hajf eagles
3-dollar pieces
Quarter eagles
1-dollar pieces
Lewis and Clark Exposition dollars.
Total.
Received
over the
counter
(nominal
value).
$578,880.00
656,820.00
1,519,235.00
45.00
26,566.00
63.00
$19,640.00
23,780.00
32,870.00
33.00
4,327.50
242.00
3.00
2,780,608.00
80,895.60
SILVER COINS.
Trade dollars
Dollars
Half dollars
Quarter dollars . . . .
20-cent pieces
Dimes
Half dimes
3-cent pieces
'
'...
-
-
$214.00
1,939.00
800.00
483.76
$497,368.00
407,928.00
218.20
432,800.00
974.06
166.06
295.20
15.90
2.22
1,339,444,31
Total
3,750.07
There were deposited unrefined foreign gold bullion, containing
8,265.662 standard ounces, of the value of $153,779.76, and unrefined
silver bullion, containing 9,392.64 standard ounces, of the subsidiary
coinage value of $11,686.02, from various countries, as shown by the
following table:
DEPOSITS OF UNREFINED FOREIGN GOLD AND SILVER BULLION, FISCAL YEAR
Gold.
Country.
Canada.
British Columbia
Northwest Territory
Ontario and Quebec
Nova Scotia
Mexico
Honduras
Nicaragua
Colombia
Korea. .
Total
Standard
ounces.
Silver.
Value.
Standard
ounces.
Subsidiary
coinage
value.
278.658
261.646
1,086.610
1,029.483
6,242.395
10.341
59,154
304.070
3.406
$6,184.33
4,679.93
20,216.00
19,153.17
97,632.93
192.39
1,100.54
5,667.12
63.35
28.61
70.69
203.32
80.96
8,949.90
3.53
8.77
46.41
.56
$35.47
87.96
252.96
100.72
11,136.18
4.39
10.91
57.74
.70
8,266.662
153,779.76
9,392.64
11,686.02
There were no deposits of refined foreign bullion.
1905.
288
REPORT ON T H E
FINANCES.
Foreign gold and silver coins of various countries were received
containing in gold 236.241 standard ounces, of the value of $4,395.18,
and in silver 361.95 standard ounces, of the subsidiary coinage value
of $450.33, as shown by the following table:
Country.
P o r t o Rico
Great B ritain
Russia
Spain
Various
.
.
.
Silver.
Gold.
S t a n d a r d ounces. S t a n d a r d ounces.
57.43
2.420
209.665
116.53
24.156
187.99
.
-
Total
236.241
361.95
Deposits of unrefined gold and silver, the product of the various
States and Territories of the United States, aggregated 6,462.085
standard ounces of gold, of the value of $120,224.84, and 8,156.33
standard ounces of silver, of the coinage value of $10,147.84, in
subsidiary silver coin, as shown by the following table:
GOLD AND SILVER OF DOMESTIC PRODUCTION DEPOSITED DURING THE FISCAL YEAR
Silver.
Gold.
Locality.
Standard
ounces.
Alabama
....
Alaska
Arizona
California
Colorado
Georgia
Idaho
Maryland
Michigan
Montana
Nevada
N e w Mexico
N o r t h Carolina.
Oregon
South Carolina.
Utah
Virginia
Washington
Wyoming
Other States . . .
Total.
1905.
Standard
ounces.
Value.
Subsidiary
coinage
value.
3,503.91
367.83
2,605.56
• 5,736.93
11,605.73
149.55
4,685.47
650.88
8,740.69
95.00
4,672.22
8.22
49.95
228.42
91.73
37.11
75.46
224.99
34.59
6,840.46
168.48
4.00
31.59
47.44
47.89
5.17
68.16
3.82
175.59
.35
12.91
$10.23
62.15
284.19
114.13
46.17
93.89
279.93
43.04
8,510.68
209.62
4.98
39.30
59.02
59.58
6.43
84.80
4.76
218. 46
.43
16.06
120,224.84
8,156.33
10,147.84
28.546
556.604
252.859
474.229
128.404
494.311
1,528.566
697.326
$531.09
10,355.42
4,704.35
8,822.87
2,388.91
9,196.48
28,438.44
12,973.51
188.335
19.771
140'. 049
308.360
623.808
8.038
251.844
34.985
469.812
5.106
251.132
,462.085
The redeposits during the fiscal year aggregated 1,008,944.010
standard ounces of gold, of the value of $18,771,051.37, and 354,100.11 standard ounces of silver, of the coinage value of $440,560.03
in -subsidiary silver coin, as shown by the following tables:
REDEPOSITS OF GOLD BULLION.
Institution a t which manufactured.'
Philadelphia
New York
N e w Y o r k (over c o u n t e r )
Denver
Boise
Helena
...
Charlotte
St. Louis
Deadwood
Seattle
Total
-.
. . . .
Unparted bars.
Fine bars.
S t a n d a r d ozs.
S t a n d a r d ozs.
29.166
7.633
7,499.2i2
23.103
"437,224.115
54,901.510
131,893.083
13,723. 638
7,243.231
55,787.604
278,225.666
986,'521.161
2,223.954
15,026.391
5; 135.705
22,422. 849
289
DIRECTOR OF T H E M I N T .
REDEPOSITS OF SILVER BULLION.
Institution at which manufactured.
New York
New York (over counter)
Denver
Boise
Helena
Charlotte
St. Louis
Deadwood
Seattle -.
. .
..
. . .
Unparted bars.
Fine bars.
Mint bars.
Standard ozs.
8,791.05
13.47
55,992.41
20,849.50
27,874.94
1,608.92
758.40
31,918.05
50,036.80
Standard ozs.
648.31
Standard ozs.
155,608.26
197,843.54
648.31
155,608.26
Total
Fine gold bars for use in the industrial arts, of the value of
$5,501,360.48, weighing 295,698.124 fine ounces, were exchanged
for gold coin during the fiscal year.
MINOR COINS.
Minor coins of the face value of $201,625 were received on transfer
orders and melted for recoinage during the fiscal year.
Bronze and nickel blanks for minor coinage were purchased as
follows:
Pounds avoirdupois.
Character.
B ronze 1 -cent blanks
Nickel 5-cent blanks
.
. .
Total
Cost.
360,000
210,000
$86,400.00
81,900.00
570,000
168,300.00
The amount of metal purchased for the manufacture of minor
coinage other than blanks was 253,851.6394 pounds avoirdupois, at
a cost of $38,672.44.
The amount of uncurrent copper, nickel, and bronze coins transferred from the Treasury during the year for conversion into current
coins, cost, and seigniorage are shown by the following table:
MINOR COINS FOR RECOINAGE, FISCAL YEAR
1905.
Uncurrent coin transferred from United States Treasury:
Old copper cents
Nickel 1-cent coins
Bronze 1-cent coins
Bronze 2-cent coins
Nickel 3-cent coins
Nickel 5-cent coins
$154.62
826.86
28,781.27
220.00
621.00
171,022.25
Total
201,625.00
Cost of nickel added to nickel 1-cent metal to convert into nickel 5-cent alloy for recoinage
into nickel 5-cent coin
•.
:
32.28
Cost of tin and zinc added to old copper-cent metal to convert into bronze 1-cent alloy for
recoinage into bronze 1-cent coin.
4.^
Cost of metal of same alloy added to nickel 3-cent metal for recoinage into nickel 6-cent coin.
10.66
. Seigniorage (gain by recoinage)
'.
3,835.67
Total
Coinage executed, nominal value:
Bronze 1-cent com
Nickel 6-cent coin
205,507.81
$28,172.13
166,048.30
Wastage (loss by recoinage)
Total
H. Doc. 9, 59-1
,.,...,..
19
194,220.43
11,287.38
205,507.81
290
REPORT ON T H E FINANCES.
The total minor coinage for the year in nickel 5-cent coins was
$1,290,874.05 and in 1-cent bronze coins $774,193.68. Of these
amounts $166,048.30 in nickel coins and $28^72.13 in bronze coins
were recoinage of United States coins.
^
The seigniorage or gain on recoinage of minor coin was $3,835.67
as against a loss of $11,287.38, showing a net loss of $7,451.71.
The seigniorage on the coinage of nickel and bronze coins coined
from purchased metal was $1,665,151.12, less a net loss of $7,451.71
on the recoinage of minor coin, and a wastage of the operative
officers in the minor coinage operations of $342.94 gives a total
seigniorage on minor coin of $1,657,356.47.
The total amount of the several types of minor coin manufactured
from 1793, when-the first coinage of copper cents was made, until
June 30, 1905, aggregated $44,243,719.97. From the records of this
mint, to which this coinage has been assigned by law, it appears;
that there have been melted for recoinage $4,230,758.15, leaving
outstanding June 30, 1905, $40,012,961.82.
The several types and denominations of minor coins issued, manufactured by the mint at Pliiladelphia since its establishment, the
amount remelted, and the amount outstanding June 30, 1905, are
set. forth in the following table:
M I N O R COINS I S S U E D , R E M E L T E D , AND OUTSTANDING.
Denomination.
Copper cents
Copper half cents...
Copper nickel cents .
Bronze cents
Bronze 2-cent pieces
Nickel 3-cent pieces.
Nickel 5-cent pieces.
Total
Coined.
Remelted.
Outstanding;
June 30, 1905.
$1,562,887.44
39,926.11
2,007,720.00
13,917,388.45
912,020.00
905,768.52
24,898,009.45
800,148.97
237,800.81
338,655.22
280,418.86
2,193,807.85
$1,182,961.00
39,926.11
1,207,571.03
13,679,587.64
573,364.78
625,349.66
22,704,201.60
44,243,719.97
4,230,758.15
40,012,961.82
1379,926.44
Minor coins to the amount of $1,676,726.20 have been distributed
throughout the States and Territories of the United States during;
the fiscal year 1905—$1,101,795.20 in nickel 5-cent pieces a n a
$574,931 in bronze 1-cent pieces.
The expenditure for the distribution of minor coin for the same
period was $25,936.32.
'
I might add that the Government supply of silver bullion became
exhausted during the year, which caused a slackening up in our
work. We took advantage-of this state of things to experiment on
the manufacturing of blanks for minor coin. These experiments
were so satisfactory that the resumption of manufacturing these
blanks was entered upon. This work was done in the mint years
ago, although • with ; somewhat unsatisfactory results. The old
plant on Chestnut street was not properly equipped and the building was so overcrowded that contracts were entered into with private
parties for the furnishing of this material.
New and improved machinery has been installed, and so satisfactory have been the results of its operations as to persuade us t h a t
as soon as our employees who have been assigned to this work have
the benefit of a reasonable amount of experience, we can manufacture the minor coin blanks at less cost to the Government than the
price heretofore paid to private manufacturers.
DIRECTOR OF T H E
291
MINT.
ALL SEIGNIORAGE.
The seigniorage on the coinage of purchased metal for the fiscal
year was $3,855,345.90, as shown by the following table:
Item.
Standard silver dollars
Subsidiary silver coins
Minor coins
Coined.
. . .
Total
COINAGE FOR FOREIGN
Seigniorage.
$310.00
6,602,821.70
2,065,067.73
$93 07
2,186,266.04
1,668,986.79
8,668,199.43
3,856,345.90
GOVERNMENTS.
The coinage for foreign governments executed during the year was
6,435,000 pieces of silver for the Panama Government and 450,000
pieces of silver for the Government of Costa Rica.
For the minor coins of the Philippine Islands there were received
and delivered to the coiner 102,683.5659 pounds avoirdupois of
1-centavo bronze blanks prepared and ready to receive the imprint
cof the dies. There were also manufactured at this institution
21,873.0857 pounds avoirdupois of the same blanks.
The coinage executed for the Philippine Islands was 11,986,526
pieces.
PROOF COINS AND MEDALS.
The following table shows the number of proof coins and medals
sold, nominal value, amount received, and the profit on the same
during the fiscal year:
Number
of pieces.
Articles.
Nominal
value.
Amount
received.
Gold medals
Silver medals
Bronze medals...
Gold proof coins.
Silver proof coins.
Minor proof coins
158
387
9,770
537
3,102
2,968
$3,984.00
224.42
175.00
4,270.00
579.61
86.04
$4,280.70
571.78
675.60
4,389.00
908.83
114.72
Total
16,922
9,319.07
10,940.63
Profit.
$296. 70
347.36
500.60
119.00
329.22
28.68
1,621.56
NUMBER OF EMPLOYEES.
The total number of employees on the rolls of the Mint at the close
of the fiscal year was 568, distributed in the several departments
as follows:
General department
Melter and refiner's department
Coiner's department
.«
Assayer's department
Engraver's department
Total
259
70
211
12
16
:
568
VISITORS.
A large number of visitors from all States of the Union and from
foreign countries visit the Mint during the year. During the fiscal
year ended June 30, 1905, there were 97,243 visitors shown through
the Mint by the several guides.
292
REPORT ON T H E
FINANCES.
ANNUAL SETTLEMENT.
,
The annual settlement was superintended by Messrs. B . F . Butler
and Ross J. Hillegass, of the Bureau of the Mint, and James D. Rowan,
of the Treasury Department, who reported that the coin and bullion
on hand agreed with the amounts charged on the records.
MELTER AND REFINER'S DEPARTMENT.
D. K. TUTTLE, Ph. D., Melter and Refiner.
During the fiscal year the melter and refiner received from the
superintendent gold bullion containing, by assay, 2,535,794.014
standard ounces, of the value of $47,177,563.05, his legal allowance
for wastage being 2,535.794 standard ounces, of the value of
$47,177.56, and silver bullion containing, by assay, 13,906,743.39
standard ounces, of the value of $16,182,392.30, his legal allowance
for wastage being 20,860.12 standard ounces, of the value of
$24,273.59.
He operated upon bullion as follows:
Items.
Silver.
Gold.
Ingots
Refinery
Merchant bars
Toughening
Total
Standard ozs.
1,875,409.100
1,327,307.327
296,093.763
119,825.714
Standard ozs.
14,138,474.25
2,402,293.31
272,136.24
3,618,635.904
16,812,903.80
The excess of gold and silver operated upon over the amounts
charged during the year is due to duplication of operations.
He returned to the superintendent 2,535,793.117 standard ounces
of gold and 13,919,515.04 standard ounces of silver.
Upon settlement of the melter and refiner's accounts, June 30,
1905, there was found an apparent gain upon the gold bullion during
the fiscal year of 179.103^standard ounces, and in the operation upon
the silver bullion an apparent gain of 12,771.65 standard ounces.
The melts made aggregate as follows:
Melts.
Bars.
Gold.
Silver
Total..
Ingots.
Grannla- Deposits.
ti<ms.
Toughened.
Special.
Total.
543
381
314
3,564
35
849
3,781
379
17
162
43
4,852
5,216
924
3,878
884
4,160
17
205
10,068
During the year three gold-ingot melts and four silver-ingot melts
were condemned.
NUMBER, WEIGHT, AND VALUE OF GOLD AND SILVER BARS FOR INDUSTRIAL USE.
Metal.
Gold
Silver
Bars.
'
Total
. .
3,368
1,257
4,625
Standard
ounces.
301,238.146
271,570.63
Coinage value.
$5,604,430.65
316,009.46
5,920,440.11
293
DIRECTOR OF T H E M I N T .
During the year 159 barrels of sweeps were gathered, containing
by assay, 1,060.569 standard ounces of gold and 3,261.73 standard
ounces of silver.
The operations of the refinery were as follows:
Bulhon.
Sent to the refinery, 3,489,287.74 gross ounces, containing, by assay
IBulhon received from refinery
Sweeps
Gold.
Silver.
Standard ozs.
1,327,307.327
1,327,148.581
356.305
Standard ozs.
2,402,293.31
2,402,544.34
874.63
197.559
1,125.66
Apparent gain . . ,
Silver bullion sent to the refinery upon which refining charges were
collected contained, by assay, 493,877.80 standard ounces, and silver
owned by the Government returned to the refinery for parting purposes, upon which no parting charges were imposed, contained, by
assay, 1,908,415.51 standard ounces.
Trov ounces.
During the fiscal year the melter and refiner received from the superintendent minor coin
bullion
:
8,310,378.88
Delivered prior to settlement:
Bronze
5,695,204.10
Nickel
1,115,203.40
5,810,407.50
Delivered in settlement:
Bronze
•
173,689.00
Nickel
64,172.70
Copper, alloy, etc
1,257,467.50
1,495,329.20
• 8,305,736.70
Showing an apparent loss of
4,642.18
He operated upon bullion as follows:
Troy ounces.
6,213,114.10
1,645,801.40
Bronze ingots
Nickel ingots
Total
7,858,915.50
There were made during the year 1,526 melts of bronze ingots and
422 melts of nickel ingots, none of which were condemned.
The following statement is made to explain the apparent gains in
the gold and silver operations:
Standard
ounces.
221.766
89.652
14.892
55.034
93.510
232.615
Gold:
Gain in fineness in gold deposits
Weight allowances.
Gain in fineness in gold and silver deposits
Weight allowances in gold and silver deposits.
Gain in gold ingots, operations
Gold recovered, previous year's work
707.469
179.103
Gain reported.
Apparent operating loss in refinery and melting room
Silver:
Weight deductions (1/99 of standard weight of gold contained in sUver)
Gain in ingot operations with coiner
Gain in ingots dehvered in settlement
Gain accruing to refinery in weight and fineness of silver operated upon
Gain in purchase silver in
fineness
Gain in purchase silver in weight
2
Gain in coin and transfer silver in weight
Gain reported
Apparent working loss
<:
528.366
'
8,626.23
3^ 147.36
78.58
1,405.97
625.31
112.60
101.25
14,097.30
12,771.65
1,325.65
294
REPORT ON T H E FINANCES.
MINOR COINAGE.
The scanty supply of silver bullion and the lessened demand for
gold coinage have enabled us to resume the manufacture of blanks
fpr minor coinage, both nickel and bronze, with very satisfactory
results.
The cost of manufacture is less than the price heretofore paid for
the purchased blanks, and the high standard of finish in the coins
has been maintained. As will be seen from the figures given above,
6,213,114.10 ounces of bronze ingots were made, producing 62,131,141
1-cent pieces, and 1,645,801.40 ounces nickel ingots, from which
were made 10,238,266 5-cent pieces.
The difficulties which might have been anticipated, due to the
want of experience in this class of work on the part of the present
force of workmen, have not materialized, and it is hoped that all the
operations pertaining to coinage will in future be conducted in the
mint.
THE ELECTROLYTIC REFINERY.
Operations in the nitric acid refining plant were discontinued in
February, 1905. The electrolytic process for refining gold continues
to give satisfaction, and now that the method for parting and refining silver is perfected all the refinery operations are conducted by
electrolysis.
At the date of the last annual report electrolytic refining was confined to high-grade gold containing a small percentage of silver.
Since that time the hope has been realized which was expressed in
the report for 1902 (p. 123), where it was said:
The ideal refining plant for a mint would be one IQ which electrolytic separations are the
leading features. The bullion to be parted and refined will be divided into two classes, by
selection, and by blending in making up the materials for anodes. The one class vidll have
silver as the predominant metal, but carrying as much gold as will permit its treatment by
electrolysis in a silver bath. The product from this operation will be fine silver, and the
residues will consist of gold, platinum, and other impurities. The other class of bullion is
to be largely gold, as at present, selected for electrolytic treatment in a gold chloride solution. The residues fTom each process would pass to the other for final treatment. Work
is now being done looking to a realization of this scheme.
By persistent effort this has now been accomplished, and the
energy obtained from a few bushels of coal in the form of an electric
current is made to do the work of dray loads of expensive acids.
Dor6 bars of silver containing small quantities of gold are successfully refined in industrial establishments by the Moebius or
similar processes, but, since in mint practice silver has to be added
to the gold and useci as parting material, an economical process
must require the minimum percentage of silver in the anodes.
As will be seen from the following description, our anodes in the
silver cells consist of 30 per cent gold and 70 per cent of silver, coper, lead, etc. I t is believed that the successful treatment of such
ullion on a large scale by electrolysis is an innovation in practice.
In the electrolytic plant installed in. the Philadelphia mint two distinct processes are employed, the choice of one or the other depending on the character of the bullion to be treated. If it be gold, high
in fineness, but containing from 40 to 60 parts of impurity per thousand, such as silver, platinum, copper, lead, etc., it is refined by
what is known as the 'Wohlwill process,'\ a brief description of
which is as follows:
E
DIRECTOR OF THE MINT.
295
The apparatus consists, fii^st, of a small dynamo, which furnishes
a current of 600 amperes at 6 volts. We are enabled, by a rheostat
in the field-winding of the machine, to regulate the current betweeii
100 and 600 amperes. Second, the cells, which are of white porcelain, are 15 inches long by 11 inches wide and 8 inches deep.
These are nearly filled with a solution of gold trichloride, containing
30 grams of gold per liter, to which is added sufficient free chlorhydric acid to suppress the evolution of chlorine at the anodes when the
cell is in action. In each of these cells are suspended 12 anodes and
13 cathodes, the distance between which is 1 | inches.
The anodes are cast in iroii molds, and are 6 inches long by 3
inches wide and one-half inch thick. The cathodes are the same
length and width, but of fine gold rolled down to one one-hundredth
of an inch in thickness. In our present working seven such cells are
placed end to end on a bed of sand, underlying which is a series of
steam pipes, by which the temperature of the cells may be raised
. to 50° or 60° C. Circulation of the electrolyte by mechanical means
is necessary to secure uniform solution of the anodes and deposition
of the gpld.
The seven cells are connected up in series and a current of 100
amperes passed through them until the anodes are eaten away,
which requires about three days, during which time the cathodes
have become heavy masses of practically pure gold—999.8 and
above. These cathodes are thoroughly washed with water, dried
and melted without fluxes, and cast into bars. Copper, platinum,
lead, etc., remain in the solution, to be recovered by proper methods
when the electrolyte needs renewal by excessive accumulation of
such impurities. Any silver contained in the bullion (if it be not
too rich in silver) will be found as a sediment in the bottom of the
cell as silver chloride, from which the values are easily recovered.
If too much silver be present, the silver chloride adheres to the
anode and soon forms a protective coating which stops the action.
By blending deposits in making up our anodes we are able to so
adjust the proportions of gold to silver, etc., as to successfully treat
bullion having quite an extended range of composition and fineness.
The process just described is that employed where gold is the predominating metal. When silver is the chief element, with lesser
percentages of gold, copper, lead, etc., present to be parted, a different electrolyte and a modified system of working are employed.
The electrolyte used is a 3 per cent solution of silver nitrate in water,
to which is added H P^i" cent free nitric acid. The tanks are of
earthenware, 40 inches by 20 inches and 11 inches deep. In each
of these are suspended from conducting rods 42 anodes and 40
cathodes. The anodes are composed of 300 parts m 1,000 of gold,
the remaining 700 pa;rts consisting of silver, copper, and other impurities as parting material. They are cast into bars 7J inches long
by 2^ inches wide and three-eighths of an iQch thick. The cathodes
are strips of fine silver of same length and width rolled to 0.016 inch
thick.
Eight cells so equipped are connected up in series, and a current
with *a density of 0.05 ampere per square inch passes through the
system. The silver and other soluble metals are extracted from the
anode by the combined action of the current and electrolyte, while
the gold remains as a chocolate-brown substance sufficiently coher-
296
REPORT ON T H E FINANCES.
ent to retain the original form of the anode. Meanwhile pure silver
is deposited in a crystalline but coherent form on the cathode.
Heretofore a coherent deposit has not been obtained from a silver
nitrate solution, the product m the Moebius and other processes in
commercial use being nonadherent crystalline granules, which fall
from the cathode to the bottom of the cell.
The deposit in a coherent form is due to a happy observation of
the melter and refiner, in which it was discovered that the addition
of a very small amount of a colloid, such as gelatine, to the electrolyte
changed completely the nature of the deposit, so that the ^Vertical
system ^^ of anodes and cathodes became for the first time possible.
The cathodes are washed with water, melted without fluxes, and
cast into bars.
The anodes retained persistently a small amount of silver, even
if subjected to'^the current after oxygen is freely evolved from their
surfaces. A fact new to the scientific world should here be noted,
namely, that if the action of the current be prolonged on the anodes
after most of the silver has been dissolved, the nascent oxygen
evolved will attack the spongy gold and produce a small but notgible
quantity of gold teroxide, soluble in concentrated nitric and sulphuric
acids. I t is deposited from these solutions on dilution, but of course
in a finely divided form. The liability to its occurrence should be
known to the operator. I t is probably a hydrated oxide, since by
simply heating the oxidized anode to 250° no gold passes into solution in acids.
The silver remaining in the anode is removed by a treatment in
hot nitric acid, the resulting solution being used tp replenish the
electrolyte. The gold is then thoroughly washed with' water and
melted.
If platinum be present, it will remain with the gold, and we usually
pass this through the gold-refining cells, which is a very inexpensive
operation and gives a much purer product while affording the means
for recovering other values. The losses in these operations need be
very slight if care and cleanliness be used. All accidental sloppages
of solutions are mopped with cotton cloths, which are burned and
the ashes preserved. The necessary losses should be less than one
ounce in ten thousand. How much less, we hope to show by precise
figures after more extended experience.
COINER'S DEPARTMENT.
RmNE R. FREED, Coiner
During the fiscal year ended June 30, 1905, the coiner received
and operated upon 1,668,808.710 standard ounces of gold, of the
value of $31,047,603.90, from which tht^re were produced 783,712.168
standard ounces of gold coin, of the value of $14,580,691.50, and
upon which there was a wastage of 58.135 standard ounces, of the
value of $1,081.58, being 6.97 per cent of the legal allowance.
During the same period the coiner also received and operated upon
14,893,237.84 standard ounces of silver, of the value of $18,529,689.38
in subsidiary silver coin, from which there were produced 7,809,933.11
standard ounces of silver coin, of the value of $9,716,868.57 subsidiary silver coin, and upon which there was a wastage of 8,087.30
standard ounces, of the cost value of. $4,253.57, being 54.30 per cent
of the legal allowance.
297
DIRECTOR OF T H E M I N T .
The percentage of good coin produced from ingots operated upon
was gold, 46.96 per cent; silver, 52.44 per cent.
He returned to the superintendent 885,038.407 standard ounces
of gold and 7,075,217.43 standard ounces of silver in clippings, condemned coin, sweeps, etc.
The following tables show the coinage executed during the year:
Denomination.
Pieces.
Value.
644,952
21,108
149,316
265,569
60,069
$12,899,040.00
211,080.00
746,580.00
663,922.50
60,069.00
Total.....
1,141,014
14,580,691.50
Dollars
Half dollars
Quarter dollars.
Dimes
310
3,174,832
11,792,498
20,672,812
310.00
1,587,416.00
2,948,124.50
2,067,281.20
35,640,452
6,603,131.70
25,817,481
77,419,368
1,290,874.05
774,193.68
Double eagles
Eagles
Half eagles
Quarter eagles
:...
Lewis and Clark dollars.
Total.
5-cent nickel pieces..
1-cent bronze pieces.
Total
103,236,849
2,065,067.73
Grand total, domestic.
140,018,315
23,248,890.93
FOR
P H I L I P P I N E ISLANDS.
Denomination.
Pesos
50 c e n t a v o s . .
20 c e n t a v o s
10 c e n t a v o s .
5 centavos
1centavo.
^ centavo
Pieces.
Value.
884
884
884
• 884
880
11,981,230
880
Pesos.
884.00
442.00
176.80
88.40
44.00
119,812.30
4.40
$395.53
197.76
79.01
39.49
5.22
35,781.17
1.41
11,986,526
121,451.90
36,499.59
•
•
Total...
Cost v a l u e .
FOR GOVERNMENT OF PANAMA.
Denomination.
Pieces.
i balboa
^ balboa. . . .
iV b a l b o a
^\y b a l b o a .
JV b a l b o a
•
.
.
Total
Value in subs i d i a r y Silver.
1,800,000
1,610,000
1,125,000
1,500,000
400,000
$1,800,000.00
805,000.00
225,000.00
150,000.00
20,000.00
6,435,000
3,000,000.00
.
FOR GOVERNMENT OF COSTA RICA.
Denomination.
50 c e n t i m o s
10 c e n t i m o s
5 centimos
Total
Grand total, 158,889,841 pieces.
Pieces.
..
. . .
. .
Value in subs i d i a r y silver.
250,000
100,000
100,000
.$100,000.00
8,000.00
4,000.00
450,000
112,000.00
298
REPORT ON T H E FINANCES.
In addition to the coinage of gold and silver during the fiscal
year, the above statement shows that the minor coin department
produced 25,817,481 pieces in 5-cent nickel and 77,419,368 pieces in
1-cent bronze. I n order to handle the metal economically, new
machiner}^ and methods, especially in the cleaning room, have been
introduced and have proved entirely satisfactory. Since the completion of this plant all of this class of work has been successfully
done in the mint building.
ASSAYER'S DEI'ARTMENT.
JACOB B . ECKFELDT, Assayer.
The number of assays made during the fiscal year ended June 30,
1905, was as follows:
Gold
Silver
Special assays
:
39,670
12,200
288
Total
52,158
There were also 175 barrels of sweeps assayed. I n addition to
this, 160 ounces of proof gold and 150 ounces of proof silver were
made.
ENGRAVER'S DEPARTMENT.
CHARLES E . BARBER, Engraver.
The number of dies prepared for United States coinage was 1,413.
In addition 568 dies were made for the Philippine coinage and 9 for
medals, as shown by the following table:
For the mint at— Denomination of die.
Philadelphia.
San
Francisco.
New
Orleans.
Total.
GOLD COLNAGE.
Double eagle
Eagle...
Half eagle
Quarter eagle
.
Total
27
4
11
9
50
20
20
20
77
44
31
9
51
90
20
161
48
184
187
40
20
15
20
20
40
108
224
242
419
75
80
'574
SILVER C O I N A G E .
Half dollar
Quarter dollar
Dime
Total
.
MINOR COINAGE.
5-cent nickel piece
1-cent bronze piece
Total
217
404
217
404
621
621
PHILIPPINE S I L V E R COINAGE.
1 peso
50 centavos
20 centavos
10 centavos
.
. . .
.
Total
155
130
80
95
155
130
80
95
460
460
PHILIPPINE M I N O R C O I N A G E .
1 centavo
Total
.
93
93
93
93
DIRECTOR OF THE MINT.
299
RECAPITULATION.
Gold coinage
Silver coinage
Minor coinage
Proof coinage
:
Phihppine silver coinage
Philippine minor coinage
,
Philippine proof coinage
Lewis and C51ark gold dollar, master dies
Lewis and Clark gold dollar, hubs
Lewis and Clark gold dollar, coinage dies
President Roosevelt medal
President John Adams medal
First Lieut. D. H. Jarvis medal
Second Lieut. E. P. Bertholf medal
Samuel J. Call, surgeon, medal
Medal of honor, Philippine
Assay commission medal
Total
161
574
621
20
460
93
15
2
2
33
:
.•
NUMISMATIC
1,99:
COLLECTION.
T. LOUIS COMPARETTE, Curator.
Since taking up, a short time ago, the duties of curator I have
devoted considerable attention to discovering the needs of the collection and how it can be made most serviceable to the public. The
most pressing needs appear to be a new catalogue and a rearrangement of the coins in the cases. Accordingly new plans for both have
been devised and the work is to begin at once.
As to the service the cabinet* aims to render the public, that will
be found more fully set forth in the appended paper ^^ On the utility
of a cabinet of historic coins.''
In 1838 Dr. R. M. Patterson, the Director of the Mint, authorized
the establishment of a cabinet of coins and metals in the Philadelphia
mint, following thereby the example set by the mint administration
of nearly every other civilized nation. The cabinet began with a
small collection of ^^proof pieces" and some of the more interesting
foreign coins that had been sent in as bullion, which the coiner, Mr.
Adam Eckfeldt, had preserved. This small collection, for many
years under the oversight of the assay department, has been augmented from time to time by purchases out of a small fund allowed
by Congress and by donations until the number is now about 15,000
pieces, and includes many rare and scientifically important specimens.
^ An apparent tendency to give undue preference to, rather expensive
rarities for exhibition as ^^show pieces" has resulted in restricting
the numerical development of the collection, in the increase of certain series at the expense of others, and especially in the neglect of
the coins of lower denomination, which are much less attractive to
the average visitor but necessary in order to gain a proper idea of
the complete coinage of a given country or period and highly valued
by the better informed. This more serious purpose better harmonizes with what is felt to be the worthier function of the collection,
for the attitude of the cabinet has been from the first that of an
educational institution. To carry out this purpose the collection
has been so installed as to be easily accessible, and a corps of guides
has been maintained, whose duties are to give intelligent direction
and instruction rather than to amuse the visitors. Too commonly
are coins regarded as mere curios, a notion fostered by a certain class
of dealers and by coin collectors generally. This is a grave error,
which the cabinet strives to correct. Since, however, the value of
such a collection of coins and medals is doubtless a debated question
300
REPORT ON THE FINANCES.
in the minds of many, and particularly since the future policy regarding its administration must naturally be shaped chiefly according to
its general usefulness, it will probably npt be amiss^ to point out the
culture value a study of the v/orld's coinages possesses.
The educational value of historic coins is a comparatively modern
discovery. Excepting Pollux, a Greek writer of the first half of the
second century of our era, who devotes a short chapter to the subject,
there is no evidence that the ancients took any interest in historic
coins. I t remained for Petrarch, who contributed so much to the
revival of letters, to Jead the way in this field also and point out to
his contemporaries how much of ancient greatness in history and art
was indicated on their still extant money. From Petrarch to the
present day the science, if science it may at last be called, has never
lacked numerous devotees among all classes.
The peculiar value of historic coins is due to their possessing in a
unique manner a national character, being most intimately involved
with the life and history of the people that produced them. More
accurately than any other monuments they record the vicissitudes
of political, financial, and commercial history, and express a nation's
artistic sense and artistic development; for metallic money is generally free from arbitrary elements as regards its standard and from
personal or extraneous influences, in the case of an independent
nation, on the choice and execution of the design it bears. Monetary
standards, incorrectly fixed by arbitrary measures, have always
brought financial disaster, while a coin type, to be acceptable to the
people, must bear a 'national emblem so represented as to express
the people's highest artistic appreciation. Only among barbarous
nations, devoid of artistic sense, and among the modern nations,
where commercial interests overshadow and overwhelm every other
consideration, can an inartistic coin type or design that is not national
in character be tolerated for any length of time.
Because, therefore', a product of the chiefest of national interests
and national sentiments, coins are invaluable as trustworthy records
of historical events and social progress. A very important example
of the historic value: attached to them was given in our own time
when the late Professor Mommsen, Grermany's greatest historian,
turned from his» labors in Roman political and constitutional history
to write an extensive work on Roman coinage in order to put the
rich mass of material the coins possessed into a convenient shape for
use in his historical investigations. Being an authentic and official
epitome of history, they often served to correct and control the story
which an uncritical'historian compiled from perhaps questionable
sources, or which had been rendered untrustworthy by faulty tradition of the text or through fraudulent interpolations or alterations.
Some concrete illustrations of the foregoing assertions will make
clearer to interested persons the culture value of the study of liistoric
coinages and how a well classified and properly installed collection
of genuine coins and medals stimulates and promotes such study.
On several accounts ancient coins are apt to prove of more intrinsic value as records; They are the products of civilizations that
have passed away and with them went all but a paltry few of the
monuments and institutions which their genius and energy created. Our knowledge of ancient life and history, though seeming
DIRECTOR OF T H E M I N T .
301
vast, is withal very incomplete and faulty, and welcome is any source
that can furnish an additional fact or correct a misconception. In
a majority of cases the evidence of the ancient coins is only corroborative but occasionally there is a fresh revelation of vital geographical facts, as the extent of territory or location of a city, or of still
more important historical events.
For instance, the history of Bactria, the kingdom between the
Oxus and the Ganges that, with Persia, fell a prey to the arms of
Alexander the Great, but which afterwards regained its independence,
broke off relations with the West and reestablished intercourse with
the Orient, would be lost in Cimmerian darkness^ were it not for the
ancient coins of the country recently found in the cemeteries and
elsewhere in Afghanistan. They throw a ray of light- through the
six lost centuries of Bactrian history and furnish us with the long succession of her kings and—invaluable acquisition—excellent portraits
of them. The standard of her money till 150 B. C. was the widely
used Attic, when a native Indian standard was substituted. Along
with the new standard there appeared strange oriental divinities
in place of those of Greece, and Greek was supplanted by an oriental
tongue. These changes of standard and types fix the date with
remarkable precision when Bactria turned from the West and from
Hellenism and established commercial and social relations with the
East.
The case of Bactria, in which the coins are the only source of a
nation's history, is unique, but the instances among the Greek citystates, where coinages corroborate or disprove suspicious statements
of historians and illuminate obscure accounts, are withal numerous.
It would be easy to cite'a long series of examples illustrating this
statement, as the coins that prove the existence of the Achaean
League, the Boeotian Federation, especially the less known Samian
commercial league, the Defensive Alliance of the Greek cities of
southern Italy, and of many pther less known interstate commercial
or political agreements, but the facts are too well known or easily
obtained to require further mention.
An exhaustive history of ancient commerce, a work that will throw
much light on political events, will depend very largely on the history
of the coin standards which, as extant specimens show, were repeatedly altered to meet a change of trade relations or to correspond
with some other money, as the Athenian, or later the Macedonian,
that had become practically an international currency.
I t is, however, for the history of Greek art that their coins have
been most serviceable to the modern student.
Two things contribute to the importance of Greek coins for the
history of art. In the first place, the preparation of a design was
intrusted to artists of recognized standing and not to artisans
employed at the mint, so that the coin was representative of contemporary art. Secondly, the very meager remains of Greek art,
consisting of a few originals and a large number of debased Roman
copies, give enhanced value to a series of unquestionable original
objects that represent at least the art of design and the workmanship in every period from the seventh century before Christ, when
Greek art was still in the fetters of archaic ugliness, to the final
passing of Hellenic originality and mastery of technique.
302
REPORT ON T H E FINANCES.
The tendency to discover instances in which Greek coins preserve
representations of famous statues has probably been carried too far.
That some exist has been proved. But they are chiefly serviceable
in tracing the development of Greek art. They show its growth,
its grandeur in the perfected archaism of Phidias, and its full splendor
under Praxiteles and Scopas better than the extant bits of statuar}^^,
for they are numerous; original sculptures are few; they are intact;
statues and reliefs have in most cases been ^^ restored." The coin
designs reflect, too, the dominant form of art in the country of issue,
as Llie gem engraver's art of Sicily, the sculpture of central Greece,
the painting of Asia Minor. The striking naturalism of Cretan art
is plainly discernible in the coin designs of that countiy.
The introduction of portraiture on the coins of Alexander and his
successors gives to the subsequent series an additional interest of
the greatest value to both investigator and general reader, who here
has before him a strikingly realistic likeness of the benevolent king
or tyrant, the record of whose deeds fills his printed page.
While the Greek coins, in addition to their very extensive contributions to religious ideas, mythology, history, and commerce, are
especially noted for the light they throw on the history of Greek art,
the vast Roman series, extending from probably 500 B. C. to the
fall of Constantinople in 1453 A. D., has, with few exceptions, little
artistic merit, but as records—a record, of the traditions of dominant
families under the Republic and later of the exploits of emperors—
it is without parallel among the coinages of the world.
Roman, like Greek coins, were neglected by ancient writers, so
that accurate knowledge of important monetary changes survived
but a very short time the date of the change, and finally reliable
information of Roman monetary history was so completely lost in
the fall of the empire that the denomination of certain extant coins
was a question of discussion until the whole subject was rescued
from chaos chiefly by scholars of the present generation.
The importance, therefore, of the Roman coinage lies in the light
it throws on the history and the life of that world empire. The ver}^
interesting story of the rise and decline of her coinage can now be
traced with great accuracy. An echo of the barter period even
is found in the tradition that the Commission of Ten (decemviri)
appointed to codify the laws ordained that thereafter fines should
be paid in money and not in cattle. The money referred to was
doubtless the crude irregular masses of copper, of which some pieces
are yet extant. Under Greek influence, as the workmanship proves,
these masses were reduced to bars and stamped on one side with a
design of a cow or a hog or a sheep. Later the bar becomes a circular
coin, with Janus head on one side, ship's prow on reverse. The
reduction in the weight of this coin from a pound of 12 ounces to a
half ounce in 89 B. C., tells a long story of financial vicissitudes, now
of fiscal embarrassment and again of increased wealth and prosperity,
which rendered a bronze coinage inadequate and caused the introduction of silver in 269 B. C , and, after m a n y . experiments, the
coinage of gold immediately following the death of Csesar.
I t is impossible to do more than hint at the service which a collection of Roman coins can be to the teacher and historian. The
reverses of the Republican coins strikingly illustrate numerous historical events. One sees illustrations of such incidents in the public
DIRECTOR OF THE MINT.
303
life, as the citizen at the ballot box, the judges deciding the issue
of a lawsuit, a priest sacrificing at an altar, the consul with his
lictors. Richer still in historic allusion are the imperial coins which
chronicle all the important exploits of the emperor. For the Romans
themselves they have been pronounced the ^^ Imperial Gazette,"
for us they are a priceless record of history. They illustrate, too,
not only Roman history, but also preserve the outlines of many a
noble monumental building, a valuable contribution to the history
of the city.
The history of the Roman standard is as interesting as the types,
and more important, but can not be followed here in detail. For
instance, the debasement of the coinage under Nero, a measure that
hindered commerce because remote peoples would not accept the
new coins, shows at once how keenly the inadequacy of the
Augustan financial establishment was felt, and above all the
prodigality of emperors who replenished their coffers at the price
of national prosperity. Some attempts were made after Nero's
reign to restore the currency. These efforts were short lived. The
coinage shared the general fate of the crumbling state. Base-metal
coins with a silver wash forced into circulation with the nominal
value of the genuine illustrate the degree of degradation to which
the currency sank. Reforms were inaugurated by Diocletian, and
again we meet with pure silver denarii and a new copper coin.
Diocletian had put new life and vigor into the moribund empire, an
achievement reflected by his money. In a most striking manner
does the late coinage show the decay of the Roman empire. Portraiture vanishes and the intended likeness of the einperor becomes
hard and angular, without individuality or truth. Their baseness
constitutes a palpable index of the enfeebled state that issued them.
In the Eastern Empire the Roman coinage was continued for
many centuries in the Byzantine series. This series, artistically
and mechanically inferior, has been unduly neglected. Its valuable
features are few but important. These concern chiefly religious
ideas and Byzantine art. The student of Christian iconography,
the description of the artistic representation of patron saints, finds
important material and in great abundance on the coins of Byzantium.
While ancient coins lay claim to our interest because they
throw a flood of light on the course and character of civilizations
at the best but imperfectly known, mediaeval and modern coins
appeal to an even larger body of people and convey a larger fund
or information to the masses of pur population who have but a
limited knowledge of history.
Could one bring together in a cabinet specimens of every kind of
money or objects that in the progress of the world have been used
as money, the collection would present a respectable course of study
in the history of civilization. For a remarkable commentary on
social and economic conditions are the strange and trivial objects
that have in different places and times passed as money. Such a
collection would show that in Russia the earliest currency known
was the ^^ whole skins, with claws and teeth intact, of squirrels, martens, and other fur-bearing animals." The use of metal was relatively of late origin. There would be found the small cowry shell
emplo3^ed as money in China and Siam as early as 2,000 years before
pur era, and for higher denominations the tortoise shell ranging in
304
REPORT ON T H E FINANCES.
size from 1 inch to 1 foot 6 inches. The same country would furnish
us specimens of cloth mone}^^, to say nothing of n;iany very queer
forms of metallic currency. Such specimens added to the unstamped
masses of pristine Roman bronze, to the "massive plate money of
Sweden, and to the numerous ^^ siege pieces," would tell the story of
the many vicissitudes a circulating medium experienced in the
progress of civilization, of the disasters of states, and the makeshifts
of statesmen. Some of the earliest forms of currency have become
exceedingly rare, some no longer exist, but the majority of them
are still obtainable. Equally as .significant as the moneys just
alluded to, and almost as abnormal in some essential features, are
the currencies that arose after the destruction of classical antiquity.
The coinage of the barbarous hordes that overran and destroyed
the western part of the Roman Empire present but little of interest
to the general reader or even to the careful student. They imitated,
as closely as they could, the Roman coins of the countries they
conquered, and the extremely crude results show that they were
devoid of artistic and mechanical abilities, just as the absence of a
currency before contact with Rome shows the primitive condition
of these hordes from the North. Their barbarian instinct naturally
gave preference to gold, which, owing to lack of genuine regal prerogatives, was struck without the name of the ruling king or chief.
After all, their coins reflect with much truth the real condition of
their respective realms.
This gold coinage of the Goths forms the transition from the Roman
to the entirely new currency inaugurated by the Carlovingian
dynasty. We are now brought to the middle or dark ages, a period
whose money possesses the greater value, because of the lack of
rinted records. The disintegration of the western Roman Empire
as been completed. There are new social conditions, and political
institutions as strange as they are novel have grown up on the disrupted parts of the ancient empire. The numismatic remains bear
but meager records of those five voiceless centuries, nevertheless, in
the absence of all others, they are important.
The coinage instituted by the Carlovingian emperors was almost
exclusively of silver, a metal that was adapted to the social and commercial- conditions of their times, whereas the gold coins of the Goths
and Vandals served rather as a convenient form in which the king
received his tribute than for general circulation.
The new denier or denarius issued at this time was entirely unlike
its predecessors in western Europe. I t differed in standard, types,
and workmanship. The general features of the coin underwent but
slight modifications because of local influences, although it became
the currency of all western Europe and continued such for about five
centuries. Everywhere are found substantially the same types—the
bust or monogram of a ruler on the obverse, on the reverse a cross or
Christian temple. Along with this monotony of design they are
found to bear a large number of princes' names, and thus afford a
most striking illustration of the political conditions when the feudal
system was established in western Europe.
The person who surveys carefully, though somewhat hurriedly, the
cases of a cabinet becomes aware of an important change in the latter
half of the thirteenth century. Gold reappears and the treatment is
more artistic than any other since the decay of Greek art. Starting
E
DIRECTOR OF THE MINT.
305
in Florence with the striking of the beautiful Florentine ducat (1252
A. D.), the attractiveness of the coin, and especially the urgent demand
of commerce for a more valuable metal, caused it to be widely circulated and still more widely imitated. The new gold coinages of almost
the entire continent were modeled after this ducat.
The coins of the fourteenth and fifteenth centuries are valuable for
their contributions to the history of art. They exhibit the artistic
tendencies of the times, which, abandoning the simplicity of classicism and that restraint typified by go thic architecture, became elaborate in style and flamboyant in decorative details. These characteristics are ver}^ noticeable on the gold coins of Louis IX. There is
an excess of elaborate composition and decoration in the t^^pes with
their numerous forms of the cross and of the treasure that surrounds
it. Religious symbols disappear (the cross had ceased to be a symbol
and had been made an essential part of the coin by modifying it into
a device to prevent clipping) and heraldic devices are substituted.
This introduction of heraldic devices added to the coins a fresh and
vital significance. The religious symbols were common to all the
countries that accepted Christianity, whereas the heraldic charges
were national and individual. The historical importance of the coins
is thereby greatly enhanced. A matter of equal importance and of
greater interest is the appearance of portraits, which began on the
Neapolitan coins about 1450. Especially noteworthy are the fine
portraits that appeared on the papal coins, executed by such celebrated artists as Francesco Francia and Bellini. The fashion was
q^uickly adopted by other nations, and the result was a long series of
faithful and superior portraits. The reappearance of portraiture
restored to coins one of their most valuable features, one that affords
the reader of histor}^ the unique pleasure of turning from his written
page to a trustworthy likeness of the subject of his narrative.
Before calling attention to the modern coins of western Europe and
of the Americas, it seems best to mention some very different currencies, the money of peoples that differ from us in language, laws., and
religion. The annals of oriental history are too little known to excite
interest in oriental coins among any but specialists. The language,
too, constitutes an even greater barrier to a stud}^ of them. In spite
of these obstacles, however, there are some features of these strange
oriental moneys that can not fail to interest western nations, while
Christians generally are glad to become acquainted with the money
so often mentioned in the Holy Scriptures.
The Jewish series rank first in importance among oriental coinages
for Christian nations. After enduring for centuries the inconveniences of barter, of weighing the gold or silver to be transferred,
inconveniences relieved only b}^ use of foreign money, finally, under
Simon Maccabaeus (138 B. C ) , a native money was established by
reducing to coin form the oft-mentioned shekel weight of silver. The
types are: Obverse, a chalice, reverse, a triple lily. These designs,
of course, were in accord with the religious faith of the nation. Nor
were the religious principles of Israel ever infringed by introducing
the image of a person or of a pagan thing on the coins till the advent
of the unpatriotic lierodian f amity.
Jewish history is strongty marked on its coins. Especially noticeable are those struck during the first revolt led by Simon, in the reign
of Vespasian, when the legend, ''The Deliverance of Jerusalem,"
H. Doc. 9, 59-1
20
306
REPORT ON T H E FINANCES.
expresses the general confidence in the successful issue of the rebellion.
The actual results are portrayed on the Roman coins struck at Rome
and at Jerusalem with the t3^pe of a weeping woman and legend,
''ludaea devicta"—^Judea subdued, or ludaea capta. Again in the
second revolt, led by Bar-cochab, under Hadrian, the national coinage was revived for the last time. The revolt was put down with an
iron hand, the last semblance of nationalism was wiped out, the very
name of Jerusalem was changed, and we hear no more of a Hebrew
coinage.
. ^
The very extensive coinages of the Mohammedan states, likewise
for linguistic and other reasons alread}^ mentioned, command the
attention of only the few. Adhering strictly to the tenets of a religion which forbade making the likeness of any living thing, the followers of Mohammet, except in the case of a few minor, heretical
dynasties, place no designs upon the coins save a beautifully engraved
passage from the Koran, with the addition, in case of coins of the
Ottoman Empire, of a highly conventionalized and very artistic form
of the monarch's monogram or Toughra. Their historic value has
been found second only to the Greek series, for they sometimes fix the
geographical extent of a ruler's territory and record the existence of
once flourishing cities that have long since sunk into all but. oblivion.
We have now reached the.modern coinages, which began with the
sixteenth century. But few words are needed to suggest the usefulness
possessed by a cabinet of these coins. Commercial interests become
dominant and commerce demands chiefly uniformity of coinage and
accurately maintained standards. There has resulted frequent monetary conventions and monetary unions and a greatly reduced variety
of denominations. There has resulted, too, great mechanical accuracy
in the manufacture of coins; but art, there is none. An extensive
gallery of hard inartistic but fairly trustworthy portraits of monarchs, a thesaurus for the general reader and student of modern history, a reproach of modern taste and negligence. Indeed, of the
numerous interesting studies that can be made of a collection of
modern coins, one of the very instructive is that of the pieces, inconvenient in shape and size, or unusually deficient in taste, which misguided officials have attempted to inflict upon the people, but which
the latter indignantly rejected.
While, therefore, it is useless to search the cases of modern numismatic productions for anything artistic, much less to find there a
''grammar of modern art," the objective manner in which they set
forth the entire course of modern history gives them an informational
value deserving a wider interest than they now attract. ' T h e y afford
a good example of true merit discounted because of an ugly exterior.
The zealous search of the collector after complete series or rare specimens of modern coins seldom signifies an appreciation of their real
value. The general reader and student of history can best appreciate
the modern coins. In mastering the complicated history of Europe,
of single States as Germany or of a royal house, he finds few more
efficient aids than the coins and medals. The kaleidoscopic career
of the numberless petty German kingdoms, dukedoms, and principalities that were constantl}^ combining, disuniting, springing into
life and disappearing again, can be comprehended much more readily
when the reader has access to the coins bearing the likeness of the
actors in that comedy.
DIRECTOR OF T H E M I N T .
307
The fortunes of the house of Napoleon are written on their coins.
His own career as First Consul, Emperor, his proposed invasion of
England, Jerome's short-lived rule over Westphalia, the attempt to
place Joseph on the throne of Spain, are all placed in objective form
before the student. If one observes the heraldic devices on coins, as
well as the portraits and legends, he opens up an almost unlimited
field for study and self-culture.
.
There is a healthy sign that coins and medals are now employed to
a slight extent in the teaching of history in the public schools and colleges. The sanit}^ of the movement will be apparent to everyone who
appreciates the value of a tangible object for illustrating to 3^oung
minds events that are distant in space and time. The medals, hardtimes tokens, and war tokens are invaluable aids to the study of our
own history: For other countries their coins and medals are even
more helpful. And by employing the inexpensive copper coins and
illustrations of the gold and silver coins, a wprking series of specimens
are within the reach of nearly every high school or college. I t is a
movement that this cabinet aims to foster.
It is impossible to direct attention to all of the modern coinages
within the limits set for this paper. The coins of England, whence our
early institutions were derived, are especially instructive, indicating
as the}^ do the barbarous state of our forbears, how they learned the
arts of civilization from the continent, the slow growth of social wellbeing, their domestic strifes and foreign wars, and the final achievement of a sound national life founded on universal culture.
In respect to our own coins, no such reason of history or art can
• account for the curiosity and enthusiasm with which the}^- are
regarded by American citizens. It is true that the colonial series
are excellent illustrations of the political and social conditions that
existed before the Revolutionary war; artistic merit, however, they
did not possess, a weakness inherited by the national series and
retained to the present day. The marked interest of our countrymen, then, in our own coins is chiefly an expression of patriotism, and, in case of those pieces long since out of circulation, the pleasure at
meeting a friend of former da3^s.
Of less importance than coins are the medals, both public and personal, which are usually to be found in a numismatic collection.
They are not so closely related to the political and social conditions
of a people as the former. Medals are rather an expression of national
sentiment, and the form is left largely to the caprice of the artist
receiving the commission, uncontrolled by aiw national conditions or
traditions, as in the case of coins. While, therefore, they are less
valuable aids to those pursuits in which coins are found useful, they
do furnish pleasing illustrations of events and particularly are they
invaluable in preserving the likenesses of numerous historical personages whose features are otherwise unknown.
The medal was wholly unknown to the Greeks, and though the
reverses of many Roman coins, as has been noted, have a medallic
character, yet the medal, as known to-da}^, does not date back beyond
the early part of the fourteenth century. It is probably to Petrarch,
whose connection with the study of historic coins has been alluded
to, that the medal owes its origin. At least his friends, the dukes of
Carrara, are the flrst to be celebrated in this way.
308
REPORT ON T H E FINANCES.
It was, however, the splendid, series of portrait medals by Vittore
Pisano and his pupils, about the middle of the fifteenth century, that
ennobled this new art product and rendered it popular. The medals
of Pisano are of large module, the reliefs are sufficiently high to give
the artist a free hand, and the piece was cast, not struck. Some of
the limitations under which the modern medalist works were thus
removed, and the results, in the hand of the Italian artist, were a
number of noble portraits and exquisite reverses that have hardly been
equaled, never excelled.
The early medals in general served a purpose quite diff'erent from
that of the modern. They were executed to do honor to a person, generally by the order and at the expense of the person thus
honored, whereas the modern medal, with some exceptions, generally
commemorates -an event. The fifteenth century pieces, therefore,
took the place filled by the portrait and modern photograph.
Except a few works by Dupre and an occasional specimen of German origin, the modern medalist has produced no worthy successors
to the " Venator Intrepidus" of Pisano. When the former manages
to avoid the Scylla of bad modeling and blundering composition, he
too often steers direct into the Charybdis of pseudo-classicism and
invokes the divinities of ancient Plellas as patrons of modern events
or movements, with which only the wildest of imaginations would
associate Athena or Hermes. Whatever the event may be—a
world's fair, a presidential inauguration, or a contest of marksmen
in the army or navy—a half-garbed Athena or a nondescript female
in Grecian attire is made to lend the inspiration of her presence.
A well-selected cabinet of medals, therefore, discharges a (iouble
function. It presents many portraits of great personages with a running commentary on their deeds, and incidentally illustrates the degredation to which machine-made art can sink.
In the fairly extensive collection of medals in this cabinet visitors
naturally take most interestin the Presidential series, the large group
of Washington medals, and the numerous pieces struck for the Army
and Navy. The collection also includes man}^ foreign works, among
them some by the more meritorious medalists from Pisano to those
of the present day.
I t has seemed proper in the course of this brief discussion 'to make
some criticisms of the modern coin engraver's art. If some of them
are harsh, it must also be added that they are just. I t is indeed a
remarkable proof of the predominance of the commercial requirements over artistic taste in modern coins that whereas their deficiency in the latter respect is on all sides noted and condemned, yet
no government has seriously, or at least successfully, tried to correct
the defect and issue money that would satisfy the general artistic
tastes of its people. I t is certainly a hope that can be worthily cherished by all loyal citizens of the United States that it may fall to the
^ot of their own countr}^^ to lift its coinage out of this riot of the artistically base and mediocre and provide for our vast population a currency that shall by its refined beauty be a source of satisfaction, of
pleasure, and of culture.
For the information of any who may be interested, and as an illustration of the importance attached to a museum of historic coins and
medals b}^^ the other Governments of the world, there is added the
following hst of numismatic cabinets and the number of pieces they
possess*
309
DIRECTOR OF 'I'HE M I N T .
Number
of coins.
Location.
Athens
Berlin
Bologna
Braunschweig...
Carlsruhe
Christiania
Dresden
Hanover
Leipzig
London
Madrid
Marseilles
Milan.
Do
Munich
Oxford, England
Paris
Do
Venice
Natioual Numismatic Museum
Royal Cabmet of Coins
Muhicipal Museum
City Museum
Grand Ducal Com Cabinet;
Numismatic Collection of the University
Numismatic Cabinet
The Provincial Museum
Museum of the University
British Museum
National Archaeological M^useura
City Cabhiet of Cohis
Royal Numismatic Cabinet
Municipal Art Museum
Numismatic Cabinet
Bodleian Library
Bibhotheque National
The Admuiistration of the Mint
Royal Arch geological Museum
95,000
270,000
85,000
30,000
35,000
70,000
35,000
15,000
34,000
250,000
120,000
21,000
49,000
16,000
180,000
60,000
350,000
30,000
25,000
Being unable to ascertain the approximate number of pieces in
their collections, the large cabinets of Brussels, Constantinople,
Lisbon, and St. Petersburg have been omitted.from the list.
MINT OF THE UNITED STATES AT SAN FRANCISCO, CAL.
FRANK
A. L E A C H ,
Superintendent.
The weight and value of the gold and silver bullion deposited at the
mint at San Francisco during the fiscal year 1905 was as follows:
Deposits.
Metal.
6,084
6,051-
Gold
Silver
Total
':
12,135
Redeposits.
605
•
605
Standard
ounces.
3,088,337.982
9,256,848.19
Value.
$57,457,450.85
10,771,605.17
68,229,056.02
Of the above amount of silver bullion, 55,405.55 standard ounces
were received under act of March 2, 1903, for coinage of silver coin
for the government of the Philippine Islands and 8,555,899.99 standard ounces in Spanish Filipino coin for recoinage for the same government.
There was also received for the coinage of silver coin for the Government of Salvador, 321,507.20 standard ounces.
During the year there were deposited and melted at this mint for
recoinage 1,223,470 standard ounces United States gold coin, of the
face value of $23,122.50, coining value $22,762.23, all of which was
received over the counter, the denomination, number of pieces, and
value thereof being as follows:
Received over counter.
Denomination.
Double eagles
Eagles
Half eagles
Quarter eagles
3-dollar pieces
Dollars
Dollars, Lewis and Clark .Exposition
Total
Nominal
value.
$5,140.00
1,020.00
1,905.00
47. 50
3.00
7.00
15,000.00
23,122.50
310
REPORT ON
THE
FIKANCES.
There were also deposited and melted 53,657.56 standard ounces of
United States silver coin of the face value of $71,267.15, having a
coining value of $62,437.89 in standard dollars, or $66,759.02 in subsidiary coin, of which there was transferred from the Treasury, worn
and uncurrent subsidiary coin of the face value of $71,081.80, containing 53,511.26 standard ounces, with a coinage value of $66,577
in new subsidiary coin, and received over the counter worn and uncurrent silver coin of the face value of $185.35, containing 146.30 standard ounces, with a coining value of $182.02 in. new subsidiary coin.
The denominations, number of pieces, and value of such coin was as
follows:
^.transferred from
Treasury.
Received over
counter.
Denomination.
Nominal
value.
Pieces.
S t a n d a r d dollars
Half d o l l a r s . . .
Ouarter dollars
20-cent pieces
Dimes
Half d i m e s
...
Total
Pieces..
74,000
84,000
36
130,000
1,492
S37,000.00
21,000.00
7.20
• 13,000.00
74.60
289,528
71,081.80
Nominal
value.
64
164
75
S64.00
82.00
18.75
206
20.60
509
185.35
There .was also deposited and melted during the fiscal 3^ear, under
act of January 14, 1903, 4,052.51 standard ounces of Hawaiian silver
coin of the face value of $5,000, with a coining value of $5,042 in
United States subsidiary coin. The denominations, number of
pieces, and value of said coin was as follows:
Received from
Treasury.
Denomination.
Pieces.
Dollars
Half d o l l a r s .
Q u a r t e r dollars
Total
Nominal
A'-alue.
1,000
2,000
12,000
$1,000
1,000
3,000
15,000
5,000
Making an aggregate of gold and silver coin of 305,904 pieces of the
nominal value of $84,389.65.
Foreign unrefined gold bullion containing 37,857.678 standard
ounces of the value of $704,328.89 was deposited during the 3^ear.
There was also deposited during the same period 25,453.38 standard
ounces of unrefined silver bullion, valued at $29,618.48.
The above bullion was received from the following countries:
FOREIGN GOLD AND SILVER BULLION
(UNREFINED).
Gold b u l l i o n .
Country.
Standard
ounces.
Value.
Silver b u l h o n .
standard
ounces.
Value.
British Columbia
British Dominion
Mexico
Central America
South America
Austraha
174.845
10,772.027
19,671.722
6,316.529
911.539
11.016
$3,252.93
200,409.80
365,985.53
117,516.82
16,958.86
204.95
32.59
2,769.62
20,858.61
1,700.77
91. 79
$37.92
3,222.83
24,271.84
1,979.08
106.81
Total
37,857.678
7.04,328.89
25,453.38
29,618.48
311
DIRECTOR OF TH,E M I N T .
No refined foreign gold or sih^er bullion was deposited during the
year.
Foreign gold coin containing 748,542.468 standard ounces, of the
coining value of $13,926,371.50, was deposited and melted during the
year. The nominal weight of this coin, (the weight of the new coins
of their respective countries) was 748,960.304 standard ounces, showing a loss by abrasion of 417.836 standard ounces. The following
table exhibits the country of coinage, nominal weight, and value:
„ Nominal
weight.
Country of coinage;
Standard oz.
3.889
1.556
23.610
4.148
166. 220
305,341.956
7.424
• 438,580.902
4,617.252
.462
166.766
44.238
1.881
Argentina
Colombia
Costa Rica
France
Guatemala
Great Britain
German Empire
Japan
Mexico
New Granada
Russia
Spain...:;
South Africa
Total
748,960.304
748,542.468
Producing
417.836
Loss by abrasion
$13,934,145.1.9
Total nominal v a l u e . . .
Spanish Filipino silver coin containing 8,555,899.99 standard
ounces, of the coining value of $9,955,956.35 in standard dollars, was
melted during the 3^ear, producing 9,872,192.29 pesos.
The redeposits during the fiscal year aggregated 465,244.529 standard ounces of gold of the coining value of $8,655,712.17 and 102,491.71
standard ounces of silver of the coining value of $119,263.08 in standard dollars, as shown by the following tables:
GOLD BULLION.
Unparted bars.
Institution at which manufactured.
Seattle
Carson
.
Total
'.
.'
SILVER
-
Standard
ounces.
Value.
449,281.009
15,963.520
$8,358,716.44
296,995.73
465,244.529
8,655,712.17
BULLION.
Unparted bars.
Institution at which manufactured.
Seattle
Carson
Total
Standard
ounces.
Value.
95,354.19
7,137.52
$110,957.60
8,305.48
.102,491.71
119,263.08
312
REPORT ON TI-IE FINANCES.
The total number of emplo37^ees in the mint at the close of the fiscal
year was 271, distributed as follows:
Department.
Men.
General department
Melter and refiner's department
Coiner's department
Assayer's departraent
Women.
1
'76
Total
.,...
The mint is quite a popular place for sightseers and visitors to this
city from all parts of the Union and from foreign countries, as evidenced by 46,685 persons being shown through the mint during the
fiscal year and witnessing its operations.
MELTER AND REFINER'S DEPARTMENT.
CHARLKS M. GORHAM, Melter and Refiner.
The melter and refiner received from the superintendent during the
fiscal year ended June 30, 1905:
Bullion containing gold
Returned to superinteudent during the year prior to settlement..
Returned at settlement
..
standard ounces.
6,.546,118.732
6,301,707.950
245,239.8.r0
Surplus recovered in gold.
6,-546,947.760
829.028
Received from the superintendent during the fiscal year ended June 3Q, 1905, bullion containing silver
"
21,059,495.68
Returned to superintenderrt dujlng the year piior to settlement
19,330,484.86
Returned to superintendent at settlement.
1,729,852.10
21,060,336.96
Surplus recovered in siiver.
841.28
Metal.
Made.
Gold ingots
Silver ingots
Total
'..
Conderaned.
2,297
12,570
58
55
14,867
113
There was manufactured during the fiscal .37-ear:
Fine gold b a r s . .
Fine silver bars.
53
98
151
Total
There was gathered in sweeps during the fiscal 3^ear 340 barrels
containing, b3^ assa3^:
Gold
Silver
Iridium recovered
Platinum
standard ounces.. 451.066
d o . . . . 6,791.13
troy ouuces..
4. 70 .
do....
3.87
•
REFINERY OPERATIONS, 1 9 0 5 .
Charges were made on
Charges were not made on experimentals.
Assayer's, coiner's, and mint
Charges were not made as parting silver
Silver bulhon operated on
fine
•
1,995,980.25
Standard
ounces.
230,385.42.
1,107,585.32>
3,393,950.99
DIRECTOR OF THE MINT.
Silver bullion charged up and sent to refinery
Silver bullion returned from refinery
S13
'
2,226,365.67
2,222,505.67
Loss
Gold bulhon operated on
.Experimentals received from and returned to refinery
3,860.00
'.
Net amount sent to refinery
Gold bullion on which charges were made received from refinery
Surplus
Arising from unreported fractions of assay of crude gold sent to refinery..
Allowance in weight on crude deposits
156.978
39.000
Fine ounces
Standard
ouncep-
785,780.523
886.835
784,893.688
785,088.553
194.865
195.978
Equal standard ounces
°
217.865
Loss standard ounces
23.000
Charges were made on
No charges were made on experimentals. •
Coiner's bars, etc., belonging to the Government
Gold bulhon operated on
- 775,594.357
10,186.166
*
785,780.523
Silver bullion refined on which charges were made:
Crude deposits
Carson and Seattle
Crude settlement bars
Crude settlement bars melter and refiner's
Silver deposits settlement btirs
Philippine silver purchase settlement bars
Silver deposits
Philippine recoinage
Philippine coins
155,814.81
6,150.29
16,940.82
10,736.56
16,949.03
339.32
58,953.04
310.42
1,729,785.96
1,995,980.25
Average fineness of mint fine gold from refinery, 0.9964.
In refining 785,780.523 ounces of gold bullion there was used
644,000 pounds of sulphuric acid, being 0.82 of a pound for each ounce
of gold.
In refining 1,729,785 ounces Philippine silver coins there were used
536,000 pounds, 3.10 pounds per ounce of silver.
NOTE.—This silver carried about 16 per cent copper, requiring an
unusual quantity of acid to dissolve it.
Copper used during the fiscal year for reduction of sulphates
534 barrels bluestone were manufactured, containing in copper
^
Copper lost.
Pounds.
56,944
50,144
6,800
RECEIPTS, AND EXPENDITURES OF REFINERY.
Receipts:
Charges collected for melting and parting
Surplus bulhon
Sale of bluestone
Sale of iridium
$58,533.94
15,843.99
6,380.89
78.20
Expenditures:
Wages
Acid
Coal and coke
Copper
Lead and zinc
Sundry supphes
Permanent improvements:
Acid tank, etc.
Compressor
Gas furnaces
Gain
$80,837.02
23,219.64
14,990.87
1,845.41
8,975.21
1,147.56
9,500.08
=
59,678.77
'
$217.00
820.00
2,065.00
.'.
3,102.00
62,780.77
1.8,056.25
314
REPORT ON T H E FINANCES.
EXPLANATION OF THE EXCESS IN GOLD.
Fine gold received
,
. Allowance for unreported fractions of assay 0.0001
Foreign coin and exceptions received
Allowance for unreported fractions of assay 0.0001
Crude redeposits, Seattle, etc
,
Allowance for unreported fractions of assay 0.0002
Standard
Fine
ounces.
ounces.
1,519,946.098
151.994
766,665.200
76.666
806,779.189
161.354
:
•
390.014
55.358
Estimated gain in weight, gold deposits
445.372
Ingots delivered for coinage
Clippings returned
.6,246,829.270
2,809,012.340
:
3,437, 816.930
Fineness charged on delivery
Actual fineness of ingots..'
Difierence in
900. OOOO
899.9465
0535
fineness
Gain in difference of fineness on gold used
183.923
Fine ounces
629.295
Equals in standard ounces
699.216
When the gas-furnace plant was substituted for the 22 old coke furnaces a clean up was made
and there was recovered gold standard ounces
,
290.000
989.216
Deduct from gold clippings and blanks returned from coiner's department for wax and dirt, etc.,
1 ounce in 24,000 ounces
117.045
Possible gain
Reported gain
872.171
829.028
Gold loss shortage, standard ounces
COINER'S
,
43.143
DEPARTMENT.
D. T. COLE, Coiner.
During the fiseal year the coiner operated on 6,272,294.800 standard ounces of gold and 19,404,861.85 standard ounces of silver.
He delivered during the same period 3,456,850.625 standard ounces
of gold coin, valued at $64,313,500, and 10,715,451.80 standard
ounces of silver coin, valued at $12,468,889.36 in standard dollars, or
$13,331,821.84 in subsidiary silver coin, aggregating -26,449,437
pieces. Of this amount there was delivered for the government of the
Philippine Islands,-under act of March 2, 1903, 10,614,000 pesos,
weighing 9,197,933.33 standard ounces, valued at $10,703,049.69 in
standard dollars, or $11,443,773.97 in subsidiary silver coin, and for
the Government of Salvador 400,000 pesos, weighing 321,507^20
standard ounces, valued at $374,117.47 in standard dollars, or
$400,008.96 in subsidiary silver coin.
315
DIRECTOR OF T H E M I N T .
The following tables exhibit such manufacture:
Pieces.
Denomination.
Value.'
GOLD.
Double eagles
E agles
Half eagles
..
..
Total
3,004,500
132,000
580,700
$60,090,000.00
1,320,000.00
2,903,500.00
3,717,200
64,313,500.00
2,425,038
168,000
2,335,199
1,212,519.00
42,000.00
233,519.90
8,330,000
2,904,000
2,150,000
4,020,000
8,330,000.00
1,452,000.00
430,000.00
402,000.00
SILVER.
Half dollars
Quarter dollars
Dimes
Phihppine Islands:
Pesos
50 centavos
20 centavos
10 centavos
Salvador:
Pesos
.
Total
^'
Total coinage
400,000
400,000.00
22,732,237
12,502,038.90
26,449,437
76,815,538.90
The percentage of coin produced from the amount operated upon
was, gold, 55.09 per cent, and silver, 54.88 per cent. At the annual
settlement of his accounts it was found that there was a wastage during the year of 60.324 standard ounces of gold, valued at $1,122.31
being 1.85 per cent of the legal allowance; 3,025.41 standard ounces
of silver, cost value $1,511.15, being 15.27o per cent of the legal
allowance.
ASSAYER'S DEPARTMENT.
C. H. SHERMAN, Assayer.
The operations of the assayer during the fiscal year were as follows:
Gold assays
Silver assays
Sweep assays
Ounces proof gold made
Ounces parting silver cut
Cupels made
Lead cut and rolled
Number.
38,568
39,358
204
100
750
65,000
65,000
...&.
MINT OF T H E UNITED
STATES AT N E W ORLEANS, LA.
HUGH S . SUTHON, SupeTintendent.
The standard weight and value of the gold and silver deposited at
the United. States mint. New Orleans, La., during the fiscal year ended
June 30, 1905, was as follows:
Deposits.
Metal.
584
36
Gold
Silver
Total
620
"
Redeposits.
Standard
ounces.
30,520.137
994,939.007
Coinage value.
$567,816.54
1,157, 747.28
1,725,563.82
816
REPORT ON T H E FINANCES.
There were purchased over the counter 846.863 standard ounces
of uncurrent domestic gold coin of the face value of $15,854, producing in new gold coin $15,755.59, in which there was a loss of $98.41,
as follows:
Received o v e r t h e
counter.
Denomination.^
Pieces.
D o u b l e eagles.
ISagles
:
Hall-eagles
.
Quarter-eagles
Dollars
.
481
202
838
8
4
$9,620
2,020
4,190
20
4
1,533
15,854
. .
Total
Face value.
There were deposited 288.80 standard ounces of uncurrent domestic silver coin of the face value of $347.85, producing in new subsidiary silver coins $359.32, in which there was a gain of $11.47.
The Treasur3^ transferred for recoinage uncurrent domestic subsidiaiy silver coin of the face value of $553,950, containing 415,086.96
standard ounces, producing in nev/ subsidiary silver coins $516,437.90,
showing a loss h j wear of $37,512.10, as follows:
Received o v e r t h e
coimter.
Denomination.
Pieces.
Face value.
Transferred from
Treasurer.
Pieces.
Face value.
o
Dollars
Half-dollars
Quarter-dollars..
20-cent pieces
Dimes .
Half-dimes
..
Total
295
43.
80
$295.00
21.50
20.00
113
1
532
11.30
.05
517,120
610,300
- 278
1, 427,100
988
$258,560.00
152,575.00
55 60
142, 710.00
49.40
347.85
2,555,786
553,950.00
There were deposited 366.646 standard ounces of unrefined domestic gold bullion, producing in gold coin $6,821.32, and 151.06 standard ounces of unrefined domestic silver bullion of the coinage value
of $187.94 in subsidiary silver coin, or $175.77 in standard silver dollars.
There were deposited 27,259.057 standard ounces of unrefined foreign gold bullion, producing in gold coin $507,145.25, and 18,399.85
standard ounces of foreign silver bullion of the coinage value of
$22,892.57 in subsidiary coin, or $21,410.74 in silver dollars. The following table shows the countries from which the bullion was received:
Gold.
Country.
Silver.
standard
ounces.
Coinage
value
British Columbia
Colombia
Guatemala
Honduras
Nicaragua..
Mexico
6.392
14.995
357. 508
'^449.993
23,691.166
2,739. 003
$118.92
278. 98
6,651.31
8,371.96
440,765.88
50,958. 20
Total
27,259.057
507,145.25
standard
ounces.
•
Subsidiary
com value.
Standard
silver-dollar
value.
2.13
2.20
7, 135.95
11,201.29
58.28°
$2.64
2.74
$2. 48
2.56
8,878.32
13,936. 29
72.51
8,303.65
13,034.23
67.82
18,399.85
22,892.50
21,410. 74
317
DIRECTOR OF TFIE M I N T .
Foreign gold coin containing 65.178 standard ounces of the coinage
value of $1,212.61, and foreign silver coins containing 3,578.77 standard ounces of ^he coinage value in standard silver dollars of $4,164.39.
Gold bullion to the amount of 1,982.393 standard ounces of the
coinage value of $36,881.77, and 2,422.53 standard ounces of silver
bullion of the coinage value of $2,818.94 in standard silver dollars, or
$3,014.03 in subsidiary silver coin, was obtained from jewelers' bars,
old plate, etc. .
T.he total number of employees in the mint at the close of the fiscal
3^ear was as follows:
General department
Coiner's departraent
Melter and reriner's departraent
Assayer's departraent
;
33
19
6
2
Total
60
M E L T E R AND R E F I N E R ' S D E P A R T M E N T .
HUBERT D . COLEMAN, Melter and Refiner.
The amount of gold and silver delivered by the superintendent to
the melter and reiin«er during the fiscal year ended June 30, 1905, was
as follows:
'
Standard
ounces.
Metal.
Gold
Silver
:
!"
...
Total
. . . .
Coining v a l u e .
142,789.961.
2,387,832.97
. . .
$2,656,557.41
2,778,569.27
5,435,126.68
There were made by the melter tnd refiner gold and silver ingots
as shown below:
Ingots
rarde.
Metal.
Ingots
condemned.
66
175
Gold
Silver
REFINERY
13
OPERATIONS.
The weight and value of gold and silver operated, upon in the
refiner)^ was as follows:
Standard
oimces.
Bullion.
Gold
Silver
.
.
..
17,022. 707
42,808.00
Coining v a l u e .
$316,701.52
49, 812. 94
366,514. 46
Total
Standard
omi ees.
Silver bullion on which charges were collected
15, 738.15
Silver bullion owned by the Government, returned to the reiinery for parting purposes, on
which there v/ere no charges
27,069.85
MEL'I^S I^IADE.
Fmc gold
Fine silver
Consolidation
Gold deposits
56
25
: . . . 21
584
Silver deposits
Silver grain bars
Gold grainbars
Miscellaneous
,
36
7
3
25
318
REPORT ON T H E FINANCES.
From 32 barrels of sweeps 49.690 standard ounces of gold and
2,659.34 standard ounces oi silver were obtained.
The refinery was in operation from May 25, 1904, to July 21, 1904.
In this time 21 fine gold melts were made, averaging .99913 fine.
Thenumber of men emplo3^ed in refinery during that time was 2.
In the melting room 3 men were employed.
COINER'S
DEPARTMENT.
AV. J BROPHY, Coiner.
During the fiscal 3^ear ended June 30, 1905, the coiner received and
operated upon 115,004.300 standard ounces of gold. He also received
1,904,841.10 standard ounces of silver and operated upon 1,875,889.30
standard ounces of silver.
He manufactured during the same period. 58,560.625 standard
ounces of gold coin valued at $1,089,500, and 1,087,313 standard
ounces of silver coin valued at $1,352,800, aggregating 4,688,550 pieces,
as shown h j the following table:
Denomination.
Pieces.
Value.
GOLD.
108,950
$1,089,500
1,293,600
2,516,000
770,000
046,800
629,000
77,000
Eagles
SILVER.
Half doUars
Quarter dollars
Dimes
Total
4,579,600
1,352,800
Total coinage
4,688,550
2,442,300.
The percentage of coin produced from the amourit operated upon
was, gold, 50.920, and silver, 57.96.
At the annual settlement of his accounts it was found that there
had been a wastage during the 3^ear of 7.742 standard ounces of gold,
being 13.464 per cent of the legal a lowance, and 561.63 standard
ounces of silver, being 29.48 per cent of the legal allowance.
ASSAYER'S
DEPARTMENT.
W. M. LYNCH, M . D . , Assayer.
The number of assa37^s made in this department during the fiscal
year ended June 30, 1905, was as follows:
Item.
.Deposits
Mint fine bars
Ingots
Consolidated melts
Superintendent's bars
Melter and refiner's fine b a r s . . .
Melter and refiner's grain bars.
Comer's grain bars
:..
Assayer's bars
Transfer orders
Fine bars (special purchase).
Bullion assays (special)
Total.
Gold.
584
34
66
21
2
12
4
1
3
3
731
Silver.
36
25
175
9
6
2
2
2
16
445
718
There were 13 melts of gold ingots condemned, while all the melts of silver ingots were passed.
620
59
241
21
2
21
10
3
5
5
16
445
1
1,449
319
DIRECTOR OP TITE M I N T .
The assayer\s report of the fineness of the gold and silver ingot
melts passed during the fiscal 37^ear ended June 30, 1905, is as follows:
Fineness.
Total.
GOLD.
899.2
899.5
899.6
899.7
899.8
899.9
900
900.1
900.2
900.3
900.4
..
Total.
Fineness.
SILVER.
2
13
21
5
97
17
6
10
1
1
2
1
7
3
8
108
8
3
3
1
1
898.3
898.6
898.8'.
898.9
899.1
899.3
899.4
899.5
899.7
899.8
900
Condemned
53
13
Condemned
175
0
Total
66
Total
175
:
UNITED STATES ASSAY OFFICE AT NEW YORK, N. Y.
ANDREW MASON, Superintendent.
The annual report on the business of this office for the year ended
June 30, 1905, is as follows:
Bullion received.
N u m b e r of
deposits.
N u m b e r of
redeposits.
Standard
ounces.
Value.
o
Gold . . .
Silver
Total
8,332
2,132
2
27
10,464
29
2,753,669.585
4,373,407.32
$51,231,062.05
5,089,160.51
56,320,222.56
The gross weight of the bullion as above, 6,947,338.42 ounces,
shows an increase over the previous year of 592,372.66 ounces.
The value of foreign gold bullion and coin was $7,494,916.78, a
decrease from that of last year of $19,791,597.11.
The value of domestic gold in above total was $43,736,145.27, an
increase from that of last year of $4,173,604.65.
The sources of this domestic bullion (gold) were as follows:
From
From
From
From
Frora
From
new production in the United States and Territories
private refineries
jewelers' bars, jewelry, plate, etc
redeposited bullion (including transfer from Philadelphia)
unparted bullion, returned to depositor
United States gold coin of light weight
$6,719,242.90>
28,078,630.90'
3,324,866.97
5,084,735.81
5,100.50'
523,568.19*
The only material changes were an increase of $701,914.33 in gold,
of new production, a decrease of $1,483,188.17 in that from private
refineries, and an increase of $4,991,285.63 in redeposited bullion
the latter caused by a transfer of $5,053,939.89 in fine gold bars from
the Philadelphia mint February, 1905.
Of the silver deposits, the fine silver (1,171,069 ounces) from private refineries shows an increase over that of last year of 346,000'
ounces.
The silver in foreign unrefined and refined silver bullioni (1,744,715
ounces fine) shows an increase of 741,381 ounces fine; wlliich oxs:eurred
mainly toward the close of the year, and was caused probably by a
320
REPORT ON T H E FINANCES.
change in the mint law of Mexico, from whence the deposits of
foreign silver bullion mainly come.
There were received over the counter, mutilated and abraded
domestic gold coins, of the face value of $528,600, containing
28,141.79 standard ounces, of the value, in. new coins, of $523,568.19,
on which there was a loss b3^ recoinage of $5,031.81.
Face value.
Denomination.
$146,480.00
290,260.00
84,275.00
57.00
7,440.00
88.00
D o u b l e eagles
Engles
Halfeagles
3-dollar pieces
Q u a r t e r eagles
Dollars
528,600.00
523,568.19
Total
Value in new coin.
5,031.81
Loss
Unrefined foreign, gold bullion containing 323,437.298 standard
ounces and foreign refined gold bullion containing 14,394.877 standard ounces, of the value of $6,285,249.76, were received as follows:
Refined gold bullion.
C o u n t r y of p r o d u c t i o n .
British Columbia
Northwest Territory
Ontario and Quebec
Nova Scotia. . .
Mexico
West Indies
Central America
South America
Africa
Total
Standard
ounces.
•..
14,083.288
^,
Value.
$262,014.66
311.589
5,797.66
14,394.877
267,811.66
Unrefined gold bullion.
Standard
ounces.
Value.
276.121
2,067.616
3,513.148
11,905.440
232,578.223
179.746
8,357.727
64,424.985
134.292
$5,137.13
38", 467.27
65,360.89
221,496.56
4,327,036.71
3,344.11
155,492.59
1,198,604.38
2,498.46
323,437.298
6,017,438.10
Foreign .gold coin deposited, containing 65,019.602 standard
ounces, of the value of $1,209,667.02, was from the following countries :
C o u n t r y of c o i n a g e .
Standard
ounces.
Value.
Russia
.'Spain
Mexico
South America..
Central America
Germany
Mixed coins
6,751.389
1,084.035
33,531.097
24.498
739.112
10.194
22,879.277
$125,607.24
20,168.09
623,834.36
455.78
13,750.92
189.66
425,660.97
Total
65,019.602
1,209,667.02
Jewelers' bars, old plate, etc., containing 178,711.599 standard
ounces of gold, of the value of $3,324,866.98, were deposited.
The redeposits of gold consisted of 1,655.281 standard ounces of
fine gold bars made at this office, and 274,152 standard ounces of
unparted bars iUf\4^ ;at the mint at Denver and the assay office at
Deadwood.
321
DIRECTOR OF T H E M I N T .
There were no deposits of domestic light-weight silver coin during
the fiscal year at this office.
Unrefined foreign silver bullion containing 1,677,373.73 standard
ounces, and foreign refined silver bullion containing 261,198.95
standard ounces, of the value of $2,255,793.67, were received as
follows:
Refined.
Country of production.
British Columbia
Northwest Territory
Ontario and Quebec
Nova Scotia .*
Mexico
Central America . .
South America
West Indies
Africa
Standard
ounces.
Unrefined.
Coining
value.
Standard
ounces.
261,198,95
$303,940.60
50.52
330.59
367.63
1,330.94
1,619,218.94
23,468.87
30,016.14
2,574.53
15.57
$58.79
384.69
427. 79
1,548.73
1,884,182.04
27,309.24
34,927.86
2,995.81
18.12
261,198.95
303,940.60
1,677,373.73
1,951,853.07
. ..
.
.
Total
:
. Coining
value.
Foreign silver coins containing 99,381.31 standard ounces, of the
value of $115,643.70, were received.
Standard
ounces.
Country of coinage.
Spain
South America
Central America
Mexico
West Indies
Mixed coins
. .
.
.
Total
Coining
value.
101.32
1,535.87
5.72
2,524.34
71,436.92
23,777.14
$117.90
1,787.19
6.66
2,937.41
83,126.60
27,667.94
99,381.31
115,643.70
There were deposited 487,483.66 standard ounces of silver, of the
value of $567,253.71, contained in jewelers' bars, old plate, etc.
The redeposits of sUver consisted of 118,722.70 standard ounces
contained in fine bars made at this office, and 379.84 standard
ounces of unparted bars made at the mint at Denver and the assay
office at Deadwood.
Of the total gross amount of bullion received, 909,000 ounces of
gold deposits and 3,241,000 ounces of silver deposits (approximately)
required treatment by acid.
The gains in gold that might accrue to the refinery account from
this bullion are estimated as follows:
From unreported fractions of gold fineness of gold deposits:
909,000 ounces, gross, at 0.2 perM
Less 582,500 ounces fine gold from same, at 0.1 per M
Ounces fine gold*
181.80
58.25
123.55
From unreported fractions of gold fineness of silver deposits:
650 ounces, gross, at 0.2 per M
132,800 ounces, gross, at 0.1 per M
2,758,000 ounces, gross, at 0.05 per M
13
13.28
137.90
Less 230,100 ounces fine gold from same, at 0.1 per M
151.31
23.01
From gold in silver deposits, not reported:
32,000 ounces, at 0.2 per M
60,000 ounces, at 0.1 per M
From specific percentage deductions from silver deposits (instructions, art. 6), 4,593
ounces, gross, containing
Making a total estimated possible gain frora these sources of
H. Doc. 9, 59-1
21
128.30
6.40
6.00
251.85
12.40
338.25
602.50
322
REPORT ON T H E FINANCES.
The gains in silver that might accrue to the refinery account; from
the above bullion, are estimated as follows:
From unreported fractions of silver
909,000 ounces gold deposits, at 0.4 per M
3,241,000 ounces silver deposits, at 0.2 per M
fineness:
Ounces fine silver.
363.60
648.20
....'.
Less 2,545,000 ounces fine silver from same, at 0.2 per M
'.
1,011.80
509.00
502.80
From silver in gold deposits not reported (art. 4, sections 9 and 10 of instructions)
1,044.00
From specific percentage deductions from silver deposits (art. 6 of instructions) 4,593 ounces,
gross containing
3,423.00
From deductions of one ninety-ninth standard weight of gold from the silver in partible
bullion, say six-tenths of 8,210 ounces of fine silver
.'
4,926.00
Makiug a total estimated possible gain of silver from these sources of
9,895.80
The surplus recovered by the melter and refiner in his operations
was 254.89 ounces fine gold and 6,735.98 ounces fine silver.
The amount of bullion received and delivered to the melter and
refiner during the fiscal year 1904-5 was:
standard ounces.
a2,482,303.531
4,380,981.74
Gold....
Silver
The amount of bullion returned by the melter and refiner to the
superintendent during the same period was:
standard ounces.
b 2,818,880.688
4,988,390.73
Gold
Silver
There were stamped during the year 22,307 gold bars and 44,452
silver bars.
During last year there were stamped 47,964 gold bars and 20,708
silver bars.
Gold bars issued to depositors of bullion for domestic use
Less redeposits and unparted bars.
Gold bars exchanged for gold coin for domestic use
$4,316,665.99
35,896.42
4,280,769.57
14,191,241.65
Total gold bars issued for use in the arts, etc
18,472,011.22
Showing an increase of $1,333,693.37 compared with last year..
The value of gold bars exchanged for coin for export was $28,841,972.25, beuig a decrease of $33,259,612.77 from that of last year.
The income from this source was $18,503.37.
The force employed in this office at the close of the 3''ear comprised
74 men, embracing the superintendent, assayer, melter and refiner,
and 71 others, distributed as follows:
General department
MIelter and refiner's department
Assay department
:
Total
Messrs. A. A. Hassan and J. L. Garner, of the Bureau
supervised the settlement of the account of the melter
and examined the superintendent's account to June 30,
reported that the coin and bullion on hand agreed with
charged.
22
37
12
71
of the Mint,
and refiner,
1905. They
the amount
a These amounts do not include the transfer from United States mint, Philadelphia, of gold bars
amounting to 271,649.269 standard ounces.
b These amounts do not include the transfer frpm United States mint, Philadelphia, of gold bars
amounting to 271,649.269 standard ounces.
323
DIRECTOK OF T H E M I N T .
MELTER AND REFINER'S DEPARTMENT.
H. B. KELSEY, Melter and Refimer.
The following statement of the business of this department dming
the fiscal year ended June 30, 1905, is respectfull3^ submitted.
The amount of bullion debited to this department was:
Onnpp«? frrncc, I ^old, Stand- I Silver, standuunces, gross. I ^rd ounces. | ard ounces.
Item.
Balance due superintendent June 30, 1904.
Gold deposits
Silver deposits
Total.
2,335,319.65
4,348,156.54
336,577.157
2,226,235.760
255,784.556
607,408.99
185,181.16
4,188,316.16
6,683,476.19
2,818,597.473
4,980,906.31
The number of gold deposits melted was 9,449, and of silver deposits, 3,407; total, 12,856.
The number of fine, mint, standard, and unparted bars made and
delivered to the superintendent was: Of gold, 44,452; of silver,
22,307; total, 66,759, containing 2,557,604.128 ounces of standard
gold and 4,208,704.17 ounces of standard silver.
Deductions on base silver bullion, 4,593.55 ounces gross, estimated
to contain 3,600 ounces of standard silver.
The amount of metal refined by acid during the year was 4,838,494.72 ounces gross, conta(kiing 939,136.660 ounces standard gold
and 3,872,347.80 ounces of standard silver.
The amount of silver bullion re-refined, and upon which no charges
were collected, and included ui above statement, was 1,123,176.29
ounces gross, containing 1,166,307.04 ounces of standard silver.
There was used ui the refinery 1,923,430 pounds of sulphuric acid
and 80,158 pounds of reduction copper, the amount stated in each
case being the quantity purchased and received during the year ended
June 30, 1905. Three million one hundred and seventy-six thousand
four hundred and seventy pounds of waste acid and 215,483 pounds
of blue vitriol were sold, and there was delivered to the superintendent 548 barrels of sweeps; 283.215 ounces of standard gold (value,
$5,269.12) and 7,484.42 ounces of standard silver (value, $3,742.21)
were returned in settlement June 30, 1905, in excess of the amount
debited to melter and refiner.
The following shows the relation between the expenses of parting
aild refinmg and the charges collected therefor:
Charges collected
Labor, per pay roll
Sulphuric acid
Reduction copper
Fuel and steam
Fluxes
MisceUaneous
$48,474.62
20,196.01
10,701.09
14,939.28
2,554.16
19,169.19
'
116,034.35
Deduct:
Gold surplus
Silver surplus
Blue vitriol sold
Waste acid sold
Old iron sold
Old lead sold
Platinum sold
Iridosmium sold
$5,269.12
3,742.21
10,032.18
1,588.28
77.27
570.44
8,947.79
535.05
Less loss on sale of sweeps and leady melts
30,762.34
12,611.20
Excess of receipts over expenses
$114,449.85
°.
18,151.14
97,883.21
16,566.64
324
REPORT ON T H E
FINANCES.
During the year extra expense was incurred h j instiling five new
gas furnaces in the deposit melting roora and one additional furnace
and dissolving kettle in the acid refinery; also two new lead chambers
for reducing acid fumes and steam, and extensive repairs to our main
stack added to our expense account.
ASSAYER'S
DEPARTMENT.
H. G. TORR'EY, Assayer.
During the fiscal year ended June 30, 1905, there were assayed
9,449 melts of gold deposits and 3,407 melts of silver deposits, a total
of 12,856 melts. About 1,400 melts of fine gold and fine silver were
assayed and fineness stamped upon 44,452 bars of gold and 22,207
bars of silver; a total of 66,659.
Special assays numbered 530, and the usual assays for the melter
and refiner's department and for settlement were made; 548 barrels
of sweeps were assayed, and the necessary proof gold and silver
cupels made as heretofore.
The only change in equipment is the installation of a larger gas
furnace for cupelling, in which seventy cupels ma37^ be run at a time.
The advantage claimed for it is that the air is admitted at both
ends and the outlet is in the middle of the top of the muffle. By this
means the cupellation is much more uniform.
MINT OF THE UNITED STATES AT CARSON CITY,
NEV.
R. K. CoLOORD, Assaijer in Charge.
During the fiscal jesir 1905 the number of deposits at this institution was 270, a gain of 46 over the previous year. The year's
deposits amounted to $296,815.90, which represents a gain of
$115,633.82 over the fiscal year 1904.
The deposits of this year aggregated in value as follows:
Gold..
Silver (commercial, value)
Total
$293,261.19
3,554.71
296,815.90
The bullion deposited came from the States of California, Colorado,
Nevada, Oregon, Washington, and Wyoming, and varied in fineness
from .215 to .991J, the latter coming from Goldfield. This camp
produces phenomenally fine bullion, the greater part of it being
over .985 nne.
The operations of the assay department jequired 1,449 assays.
These figures include melts, consolidations, bullion, and ore assays.
Fifty ore assays and forty bullion assays on silver bullion, aggregating 17,000 ounces, were made during the year.
The following table shows the amount of deposits, earnings, and
expenditures, together with the percentage of net expenses to deposits
for the fiscal year.
Item. •
Deposits:
Gold
Silver (coining value)
Earnings
x
Expenditures
Percentage of net expenses to deposits
$293,261.19
8,104.02
3.18295
''$301,365.21
842.78
10,435.10
325
DIRECTOR OF T H E M I N T .
The total number of employees at this mint at the close of the
fiscal year was 7, all in the general office.
MINT OF THE UNITED STATES AT DENVER, COLO.
FRANK M . DOWNER, Superintendent.
This institution transferred its operations on September 1, 1904,
from the historic old building at Sixteenth and Market streets, in
use since 1862, to the handsome new structure a t West Colfax avenue
and Evans street. Coinage organization was effected by the naming
of officials for the superintendency and various departments, October
15, 1904, and bullion shipments to the mint at Philadelpha ceased
December 31, 1904.
During the fiscal year 1905, 4,488 deposits were treated and purchased as against 3,854 for the year previous. Deposits were in the
main from chlorination, cyanide, bromide, and electrolytic plants,
although stamp mills and placer clean ups figured to* a degree.
Purchasable bullion varied in fineness from .300 to .999J.
Deposits for the year carried values as follows:
Gold
Silver (commercial value)
Total
$22,200,785.35
51,419.91
22,252,205.26
-.
The following was received from foreign countries:
Country of production.
British Columbia
Mexico
South Africa
West Africa
Bolivia
Gold.
•
_.....
. .
Total
...
....
Silver.
Standard ozs. Standard ozs.
18.388
9.70
49.47
168.347
18.012
2.10
12.600
.85
.
5.601
.18
222.948
62.30
Deposits of unparted bars of former manufacture at this institution contained 11.364 standard ounces of gold and 11.74 standard
ounces of silver.
United Stat'es mutilated gold coins of the nominal value of $260,
containing 13.374 standard ounces of the coining value of $248.81,
were received during the year.
The following table shows the yalue of deposits, amount of earnings
and expenditures, with the percentage of net expenses to deposits, for
the fiscal year 1905:
Item.
Deposits:
Gold
Silver (coining value)
Earnings
Expenditures
Percentage of net expenses to deposits
•
Amount.
$22,200,785.35
117,661.11
0.03723
$22,318,446.46
43,836.43
52,146.08
326
REPORT ON T H E
FINANCES.
The total number of officers and employees in the mint at the close
of the fiscal year was 51, divided as follows:
General department
Melter and refiner's department
Coiner's department
Assayer's department
ASSAY OFFICE
'.
'
36
8
1
6
OF THE UNITED STATES AT BOISE,
IDAHO.
JOSEPH PINKHAM, Assayer in Charge.
The operations at the United States assay office, Boise, Idaho,
during the year ended June 30, 1905, consisted in melting, assaying,
and purchasing gold bullion, whence it was forwarded to the United
States mint at Philadelphia for coinage.
There were received during the year 2,034 deposits of gold bullion,
all of which were of domestic production. No deposits of silver
bullion were received within the year.
The number of persons employed during the period were as foUows:
Clerical department..:
Assaying department
Melting department
General department
Watchman
2
' 2
1
3
1
all of who 1%were men.
The voliiine of business handled, the earnings and expenditures,
and the percentage of net expenses to deposits were as follows:
Item.
Deposits:
Gold
Silver
$1,035,405.55
25,538.59
Earnings
Expenditures
Percentage of net expenses to deposits
.'
0.95928
$1,060,944.14
3,678.77
13,856.31
ASSAY OFFICE OF THE UNITED STATES AT HELENA, MONT.
B. H. TATEM, Assayer in Charge.
There were 1,212 deposits of gold bullion, unrefined, received at
the United States assay office, Helena, Mont., during the fiscal year
ended June 30, 1905. Of these, 1,137 were regular deposits and 75
were small deposits of less than $50 value in gold or of a fineness
of less than .500 in gold. The weight of the 1,137 regular deposits
was 158,911.20 ounces, after melting 157,197.98 ounces, a loss equivalent to 1.079 per cent. The average fineness of the resulting bullion
was gold, .764; silver, .165.
The coinage value of the gold and silver contained in the 1,137
regular deposits made at this office during the fiscal year was
$2,518,751.36, an ayerage of $2,215.26.
The greater portion of the bullion handled was of domestic production, from the States of Montana, Idaho, Washington, Nevada,
and Alaska. Foreign bullion, unrefined, was received from the
Northwest Territory containing 22.574 standard ounces of gold and
2.12 standard ounces of silver; British Columbia, 6,128.522 standard
ounces of gold and 2,645.27 standard ounces of silver; Aust
@FedFRASER