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ANNUAL REPORT OF THE Secretary of the Treas ON THE STATE OF • THE FINANCES FOR THE FISCAL YEAR ENDED JUNE 30 1909 With Appendices WASHINGTON GOVERNMENT PRINTING OFFICE 1909 TREASURY DEPARTMENT, Document No. 2563. Secretary. 2^^0 OON-TENTS. Page. ESTIMATES , ECONOMIES. EQUIVALENT OP A B U D G E T BONDS... REHABILITATION OP THE CUSTOMS SERVICE EPPICIENCY RETIRING PENSIONS CORPORATION T A X T A R I F F BOARD NATIONAL B A N K S T R E A S U R Y P R I N T I N G OFFICE AND B I N D E R Y DAILY STATEMENT. , T R E A S U R Y P E R M A N E N T STAFF CONCESSIONS TO PUBLIC CONVENIENCE B A N K I N G AND CURRENCY REFORM CONTINGENT F U N D FINANCES • R E C E I P T S AND DISBURSEMENTS, FISCAL Y E A R 1909 1 2 4 5 7 9 10 11 11 11 12 12 13 13 14 14 15 15 Ordinary receipts Ordinary disbursements Panama Canal receipts Panama Canal disbursements Public debt receipts .Public debt disbursements Summary 15 15 16 16 16 16 17 SECURITIES R E D E E M E D ON ACCOUNT OF SINKING F U N D CONDITION OP THE T R E A S U R Y J U N E 30, 1909 C A S H I N THE T R E A S U R Y J U N E 30, 1909 COMPARISON OF R E C E I P T S , FISCAL Y'EARS 1908 AND 1909 COMPARISON OF D I S B U R S E M E N T S , FISCAL Y E A R S 1908 AND 1909 ESTIMATED ORDINARY R E C E I P T S , FISCAL Y E A R 1910 ESTIMATED ORDINARY DISBURSEMENTS, FISCAL Y E A R 1910 ESTIMATED ORDINARY R E C E I P T S , FISCAL Y E A R 1911 ESTIMATES FOR FISCAL Y'EAR 1911, AS SUBMITTED BY EXECUTIVE DEPARTMENTS STATEMENT OF ESTIMATES OZ? APPROPRIATIONS FOR 1911 DECREASED UNDER A P PROPRIATIONS FOR 1910 E X H I B I T OF APPROPRIATIONS FOR 1910 17 18 18 20 21 25 25 26 26 28 29 Abstracts of reports of bureaus and divisions. T R E A S U R E R .OF THE U N I T E D STATES District of Columbia. . 33 • 35 COMPTROLLER OP THE CURRENCY M I N T SERVICE .- Coinage Profits on silver and minor coinage Annual settlements Purchase of silver Transfer of gold coin from San Francisco New York assay office Minor assay offices Earnings and expenditures Assay office a t Salt Lake City, U t a h . New design for the 1-cent piece Annual assay commission Medals „„ Production of gold and s i l y e r . , , , , , . , . , , , , , , , , , , , , , , / 36 41 41 42 42 42 42 43 43 44 44 45 45 45 45 .,,.... ni m(S CONTENTS. IV INTERNAL R E V E N U E B U R E A U OF ENGRAVING AND PRINTING SUPERVISING ARCHITECT PUBLIC H E A L T H AND MARINE-HOSPITAL SERVICE . : Vaccine virus and antitoxins Hygienic laboratory Sanitary conference and advisor}^ board National quarantine. . : Medical inspection of immigrants Service publications Marine hospitals and relief Expenditures LIFE-SAVING SERVICE R E V E N U E - C U T T E R SERVICE Page. 45 46 47. 49 , 50 51 51 51 52 52 52 53 '. 53 57 • Vessels Control of regattas; seal islands Removing dangers to" navigation Transfer of Fort Trumbull DIVISION OP LOANS AND CURRENCY 58 59 59 60 '. 60 Comparative statement showing changes in circulation DIVISION OP ^ PUBLIC MONEYS DIVISION OP BOOKKEEPING AND WARRANTS State bonds and stocks owned b y the United States Territory of Hawaii 60 .° 60 61 '.. SECRET-SERVICE DIVISION DIVISION OF PRINTING AND STATIONERY Printing and binding Stationery. 61 61 61 62 62 63 Tables accompanying the report. TABLE A.—Statement of the outstanding principal of the public debt of the United States June 30, 1909 TABLE B.—Statement of the outstanding principal of the public debt of the United States on the 1st of January of each year from 1791 to 1843, inclusive, and on the 1st of July of each year from 1843 to 1909, inclusive '. TABLE C.—Analysis of the principal of the public debt of the United States from July 1, 1856, to July 1, 1909. TABLE D .—Statement of the issue and redemption of loans and Treasury notes and of deposits and redemptions in national-bank note account (by warrants) for the fiscal year ended June 30, 1909 TABLE E.—Statement showing the purchase ^and redemption of bonds on account of the sinking fund during each fiscal year from its institution in May, 1869, to and including J u n e 30, 1909 TABLE F.—Sinking-fund account for fiscal year 1909 TABLE G.—Population, ordinary receipts, and disbursements of the Government from'1837 to 1909, exclusive of postal, and per capita of the receipts and per capita of disbursements TABLE H . — I n t e r n a l and customs receipts and expenses of collecting from 1858 to 1909 TABLE I.—Statement showing the ordinary receipts and disbursements of the Government b^^ months; the legal-tender notes, net gold, and available cash in the Treasury at the end of each month; the monthly redemption of legal-tender notes in gold, and the imports and exports of gold from July, r,896, to June, 1909, inclusive , TABLE J.—Statement of receipts of the United States fr nn March 4, 1789, to J u n e 30, 1909, b y calendar years to 1843, and b y fiscal years (ended J u n e 30) from that time .| TABLE K.—Statement of disbursements of the United L tates from March 4, 1789, to J u n e 30, 1909, by calendar years to 1843, and by fiscal years (ended J u n e 30) from that time TABLE L.—Receipts and disbursements of the United States, fiscal years 1856 to 1909, inclusive , 69 83 84 88 89 98 99 100 101 106 110 114 CONTENTS. ^ V Page. TABLE M.—Statement of the coin and paper chculation of the United States from J.860 to 1909, inclusive, with amount of chculation per capita TABLE N.—Statement of United States bonds and other obligations received and issued b y the Office of the Secretary of the Treasury from N o v e m b e r l , 1908, to October 31, 1909 TABLE 0.—Statement showing 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, 1909 TABLE P.—Statement of customs business for the fiscal year ended June 30, 1909 R E P O R T OF THE T R E A S U R E R Revenues and expenditures for 1908 and 1909 Revenues and expenditures for the first quarter of 1909 and 1910 The Panama Canal .o Receipts and disbursements on account of the Post-Office Department Transactions in the public debt The public debt, 1908, 1909, and first quarter of 1910 Purchase of certificates of indebtedness Redemption of certificates of indebtedness Matured bonds not presented for redemption. The reserve and trust fundsRedemption of notes in gold State of the Treasury, general fund—cash in the vaults Net available cash balance, 1900 to 1909 Gold in the Treasury from 1900 Bonds held as security for national-bank circulation and deposits Withdrawal of bonds to secure circulation National banks designated as depositaries • , Classification of depositaries b y States and sections Public deposits in national banks : Unavailable funds of the General Treasury The monetary stock, 1908, 1909, and first quarter of 1910. Ratio of gold to total stock of money Money in c i r c u l a t i o n . , . . , Circulation and population .Condition of the United States paper currency United States notes Treasury notes of 1890 Gold certificates Silver certificates ..: Changes in denominations during fiscal year 1909 Denominations outstanding September 30, 1909 Ratio of small denominations to all paper Cost of paper currency Average life of paper currency Paper currency prepared for issue and amount issued. Paper currency redeemed « Standard silver dollars . Subsidiary silver coin Minor coins. . : Transfers for deposits in New York—money for moving the crops.. Gold deposits in mints and assay offices, 1907, 1908, and 1909..'. Transfer of gold from San Francisco Shipments of currency from Washington, 1908 and 1909 The recoinage, 1908 and 1909 Redemption and exchange of all kinds of money Redemption of national-bank notes Spurious issues detected in the fiscal y e a r . . . . . ^ Special trust funds and changes therein during the fiscal year District of Columbia sinking fund Increase of salaries Rethement of employees grown old in the service 122 123 123 125 133-253 133 134 134 134 135 136 137 137 137 137 137 138 139 140 140 142 142 143 "144 145 146 147 148 148 149 149 150 150 151 151 152 152 152 153 154 155 156 157 158 160 164 164 164 165 165 166 167 167 168 J 68 169 VI , CONTENTS. Tables accompanying the report of the Treasurer. No. 1. -Revenues and expenditures for the fiscal year 1909.. „..^ No. 2. - N e t ordinary revenues and expenditures for each quarter of the fiscal year 1909 No. 3. -Receipts and expenditures on account of the Post-Office Department for the fiscal year 1909 No. 4. -Post-Office Department warrants issued, paid, and outstanding for the fiscal year 1909 , -. No. 5. -Receipts and disbursements of each kind of money on all accounts at the Treasury in Washington for the fiscal year 1909 No. 6. -Receipts and disbm-sements of each kind of money on all accounts at the subtreasury. in Baltimore for the fiscal year 1909 No. 7. -Receipts and disbursements of each kind of money on all accounts at the subtreasury in New York for the fiscal year 1909 No. 8, -Receipts and disbursements of each kind of money on all accounts at the subtreasury in Philadelphia for the fiscal year 1909 No. 9. -Receipts and disbursements of each kind of money on all accounts at the subtreasury in Boston for the fiscal year 1909 No. 10. -Receipts and disbursements of each kind of money on all accounts at the subtreasury in Cincinnati for the fiscal year 1909 No. 11, -Receipts and disbursements of each kind of money on all accounts at the subtreasury in Chicago for the fiscal year 1909 No". 12, -Receipts and disbursements of each kind of money on all accounts at the subtreasury in St. Louis for the fiscal year 1909 No. 13. -Receipts and disbursements of each kind of money on all accounts at the subtreasury in New Orleans for the fiscal year 1909. No. 14. -Receipts and disbursements of each kind of money on all accounts at the subtreasury in San Francisco for the fiscal year 1909 No. 15. -Total receipts and disbursements of each kind of money on all accounts at the Treasury offices for the fiscal year 1909 No. 16. -Assets and liabilities of the Treasury offices, June 30, 1909 No. 17, -Assets of the Treasmy in the custody of mints and assay offices, June .30, 1909 No. 18. -General distribution of the assets and liabihties of the Treasmy No. 19. -Distribution of the GenerakTreasury balance, June 30, 1909 No. 20. -Available assets and net liabilities of the Treasury at the close of June, 1908 and 1909 No. 21. -Assets and liabilities of the Treasury in excess of certificates and Treasury notes at the close of June, 1908 and 1909 No. 22. -Unavailable funds of the Treasury and Post-Office Department No. 23, -Estimated stock of gold coin and bullion, the amount in the Treasury, and the amount in circulation at the end of each month, from January, 1902 No. 24.—Estimated stock of silver coin, the amount in the Treasury, and the amount in circulation at the end of each month, from January, 1902; also sih^er, other than stock, held in the Treasury No. 25.—United States notes, Treasury notes, and national-bank notes outstanding, in the Treasury, and in circulation at the end of each month, from January, 1902 No. 26, -Gold certificates and silver certificates outstanding, in the Treasury, and in circulation at the end of each month, from January, 1902... No. 27, -Estimated stock of all kinds of money at the end of each month, from January, 1902. No. 28, -Estimated amount of all kinds of money in circulation at the end of each month, from January, 1902 No. 29, -Assets of the Treasury- other than gold, silver, notes, and certificates at the end of each month, from January, 1903 No. 30, -Assets of the Treasury at the end of each month, from January, 1903.. No. 31, -Liabilities of the Treasury at the end of each month, from January, 1903 No. 32. -United States notes of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1902 No. 33, -Treasury notes of 1890 of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1902 No. 34, -Gold certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1902 171 171 172 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 186 187 187 188 189 194 199 204 209 210 212 213 214 215 217 218 CONTENTS. VII Page. No. 35.—Silver certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1902 • No. 36.—Amount of United States notes. Treasury notes, gold and silver certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1902 No. 37.—Amount of paper currency of each denomination outstanding at the close of each fiscal year, from 1902 , No. 38.—Old demand notes of each denomination issued, redeemed, and outstanding June 30, 1909 No. 39.—Fractional currency of each denomination issued, redeemed, and outstanding June 30, 1909 No. 40.—Compound-interest notes of each denomination issued, redeemed, and outstanding June 30, 1909 No. 41.—One and two year notes of each denomination issued, redeemed, and . outstanding June 30, 1909 No. 42.—United States paper currency of each class, together with one and two " year notes and compound-interest notes issued, redeemed, and outstanding June 30, 1909 No. 43.—United States notes and Treasury notes redeemed in gold, and imports and exports of gold during each month, from January, 1903 No. 44.—United States notes and Treasury notes redeemed in gold, and imports and exports of gold during each fiscal year, from 1895 No. 45.—Treasury notes of 1890 retired by redemption in silver dollars, and outstanding, together with the silver in the Treasury purchased by such notes, for each month, from January, 1903 No. 46.—Transactions between the subtreasury and clearing house in New York during each month, from January, 1903 1 No. 47.—Amount of each kind of money used in settlement of clearing-house balances against the subtreasury in New York during each month, from Januaiy, 1903 No. 48.—Shipments of silver coin from each office of the Treasury and Mint, from J u l y l , 1885 No. 49.—Shipments of silver coin from the Treasury offices and mints during each fiscal year, from 1895, and charges thereon for transportation. No. 50.—Balance in the Treasury, amount in Treasury offices, and amount in depositary banks, from 1789 to 1909 No. 51.—National banks designated depositaries of public moneys, with the balance held September 30, 1909 .>..... No. 52.—Number of national banks with semiannual duty paid, by fiscal years, and number of depositaries with bonds as security, by fiscal years. No. 53.—Average amount of national-bank notes in circulation, and amount of duty paid thereon, during the fiscal year 1909, by national banks, in each State and Territory No. 54.—Receipts and disbursements of public moneys through national-bank depositaries, b y fiscal years, from 1895 No. 55.—Seven-thirty notes issued, redeemed, and outstanding June 30, 1909. No. 56.—Coupons from United States bonds and interest notes paid during the fiscal year 1909, classified by loans No. 57.—Checks issued for interest on registered bonds during the fiscal year 1909 No. 58.—Interest on 3.65 per cent bonds of the District of Columbia paid during the fiscal year 1909 No. 59.—Refunding certificates, act of February 26,1879, issued, redeemed, and outstanding ' No. 60.—Public debt at the close of June, 1908 and 1909, and changes during . theyear No. 61.—United States bonds retired, from May, 1869, to June 30, 1909.^ No. 62.—Bonds and other securities retired for the sinking fund during the fiscal year 1909, and total from May, 1869 No. 63.—Public debt, exclusive of certificates and Treasury notes, at the end of each month, from January, 1903 : No. 64.—Lawful money deposited in the Treasury each month of the fiscal year 1909 for the redemption of national-bank notes No. 65.—Disbursements from redemption accounts of national banks each month of the fiscal year 1909 219 221 223 225 225 225 225 226 226 227 228 229 230 231 231 232 234 239 240 240 241 241 241 241 241 242 243 244 245 246 246 VIII CONTENTS. Page. No. 66.—National-bank notes received for redemption from the principal cities and other places each month of the fiscal year 1909, in thousands of dollars ^ No. 67.—National-bank notes outstanding at the end of each month, and monthly redemptions, from January, 1901 No. 68.—Redemptions and deliveries of national-bank notes each month of the fiscal year 1909 No. 69.—Redeemed national-bank notes delivered from the Treasury each month of the fiscal year 1909 No. 70.—Assets and. liabilities of the 5 per cent redemption fund of national banks at the end of each month cf the fiscal year 1909 1 No. 71.—National-bank notes received for redemption from the principal cities and other places, by fiscal years, from 1895, in thousands of dollars.. No. 72.—Result of the count of national-bank notes received for redemption, by fiscal years, from 1895. ..' No. 73.—Disposition made of the notes redeemed at the National Bank Redemption Agency, by fiscal years, from 1895 i... No. 74.—Mode of payment for notes redeemed at the National Bank Redemption Agency, by fiscal years, from 1895 No. 75.—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. 76.—Deposits, redemptions, and transfers and repayments, on account of the retirement redemption account, by fiscal years, from 1895 No. 77.—Expenses incurred in the redemption of national-bank notes, by fiscal years, from 1895 No. 78.—General cash account 'of the National Bank Redemption Agency for the fiscal year 1909, and from July 1, 1874 No. 79.—Average amounts of national-bank notes redeemable and amounts redeemed, by fiscal years, from 1895 No. 80.—Percentage of outstanding national-bank notes redeemed and assorted each fiscal year, from 1900, by geographical divisions No. 81.—Average amount of national-bank notes outstanding, and the redemption, by fiscal years, from 1875 No. 82.—Changes during the fiscal year 1909 in the force employed in the Treasurer's office No. 83.—Appropriations made for the force employed in the Treasurer's office, and salaries paid during the fiscal year 1909 REPORT OF THE DIRECTOR OF THE M I N T . . i ' 247 247 248 248 248 249 249 249 250 250 250 251 251 252 253 253 253 255-387 Deposits of gold bullion : Deposits and purchases of silver Recapitulation of gold and silver deposits Deposits of gold since 1873 Deposits of silver since 1885 New designs for one-cent piece Coinage of the United States Recoinage of standard silver dollars Recoinage of uncurrent silver coin Coinage of the United States, weight and value since 1873 Coinage for the Philippine government Recoinage of Philippine coins Weight and fineness of Philippine coins Coinage- for San Salvador Bars manufactured •. Work of government refineries ' , Purchases of silver Balances.of silver bullion The course of silver — • Distribution of silver dollars .Seigniorage on silver coinage : Earnings and expenditures, mints and assay offices Appropriations and expenditures Earnings and expenditures of refineries '. Appropriations and expenditures of the office of the Director of the Mint, fiscal year 1909 246 255 257 258 259 260 261 261 261 261 262 263 263 263 265 265 265 266 269 270 270 270 271 271 2.72 273 CONTENTS. R E P O R T OP T H E DIRECTOR OF THE MINT—Continued. Classified statement of expenditures Laboratory of the Bureau of the Mint The assay and valuation of gold bullion Proceedings of the assay commission, calendar year 1908 Operations of the mints of the United States: Philadelphia, P a San Francisco, Cal New Orleans, La Denver, Colo ' Operations of the assay offices: New York Carson, Nev Boise, Idaho Helena, Mont Charlotte, N. C t St. Louis, Mo 1... Deadwood, S. Dak Seattle, Wash Salt Lake City, Utah • Summary of operations Bullion operations, legal allowance, and wastage, fiscal year 1909 Ingots made and coin condemned ^. Wastage and loss on sale of sweeps and gains from operations T Receipts and disposition of gold bullion, 1909 -.;..> Balances, receipts, and disbursements ; Cost of maintenance ° Freight charges on bullion and coin ,;: Movement of gold from port of New York . Net exports Uiiited States gold coin Stock of money in the United States Stock of gold and silver in the United States since 1873 United States gold coin in Canada Gold and silver used in the industrial arts in the United States, 1908 Exchange of gold bars for gold coin and gbld bullion World's industrial consumption of precious metals, 1908 Production of gold and silver in t h e United States in 1908 : World's coinage, 1906, 1907, and 1908 World's coinage, by calendar years, since 1873 Foreign coins melted b y certain countries • United States coins imported and melted b y various countries Recoinages of the world Value of foreign coins .\ Monetary statistics of foreign countries '. IX Page. 274 274 • 275 286 289 295 300 304 308 311 311 312 313 314 315 315 318 320 320 321 321 322 323 323 324 324 325 325 327 327 327 330 330 330 331 332 332 333 333 334 336 Tables'a^ccompanying-the^report of ihe Director of the Mint. 1.—Domestic production, deposits and purchases of gold, by weight 338 2.—Domestic production, deposits and purchases of gold, by value 340 3.—Domestic production, deposits and purchases of silver, by weight 342 4.—Domestic production, deposits and purchases of silv'er, by value 344 5.—Bars manufactured, b y weight. 346 6.—Bars manufactured, b y value 346 7.—Coinage, fiscal year 1909 348 '8.—Uncurrent domestic coins, b y denominations and face values, received from the Treasury and purchased over the counter 350 9.—Assets and liabilities, fiscal year 1909 352 10.—Earnings and expenditures, fiscal year 1909 354 15.—Summary of imports and exports ." 356 16.—Transit and transshipment of gold and silver • 357 17.—Seigniorage on silver, fiscal year 1909 358 18.—:Average price of an ounce of gold in London and equivalent" value in United States since 1870 : 359 19.—Bullion value of the silver dollar at the annual average price of silver from ? 1837 359 20.—Production of gold and silver in the United States since 1792, by y e a r s . . . 360 21.—Product of gold and silver in the world since 1860 361 X CONTENTS. 22.—Coinage of nations, 1906, 1907, and 1908 23.—World's production of gold and silver, 1906, 1907, and 1908 24.^Production of gold and silver in the world since 1493, fine ounces and values 25.—Statements of expenditures, mints and assay offices, for supplies, 1909 26.—Authority for coining, changes in weight and fineness, and amount coined of each coin. '. 27.—Coinage of the United States from organization of mint R E P O R T OF THE COMPTROLLER OF THE CURRENCY. Division of loans New bonds received : Schedules of interest Bonds canceled Bonds issued Bonds issued and canceled during last ten years 374 376 389-482 Condition of national banks Reserve held b y national banks Classification of loans and discounts Range and average money rates State and other bonds owned b y national banks Clearing-house transactions Capital, surplus, and loans : Capital stock'Of national banks United States bonds, etc National-bank circulation. Profit on national-bank circulation Earnings and dividends of national banks Expenses pf national banks , Organization of national banks ,. Extension of corporate existence of national b a n k s . . . Changes in titles of national banks Voluntary liquidations Special report of condition of banks in the United States State, savings, private banks, and loan and trust companies Consolidated returns from banks other than national State banks Savings banks of the United States Mutual savings banks Stock savings banks Mutual and stock savings banks : Private banks ' Loan and trust companies : Capital stock of banks in the United-States ^ Interest rates paid b y savings banks and by other banks on savings deposits. Deposits in banks of the United States Money held b y banks of the United States Distribution of money in the United States Loans of national an.d other banks Bank resources State and private bank failures Banks and banking in the District of Columbia Building and loan associations in the District of Columbia..' Building and loan associations i n the United States School savings banks Banks and banking i n the island possessions— . Philij)pines •. : Hawaii Porto Rico Foreign banks of issue. Savings banks of the world Postal savings banks Bank depositors guaranty laws '. Insolvent national banks Amendments to the national bank act considered b y the National Monetary Commission, R E P O R T OP THE R E G I S T E R OF THE TREASURY Page. 362 363 366 368 - 389 392 393 396 396 397 393 399 400 401 404 404 405 405 411 412 412 4l8 420 424 425 426 427 428 428 432 432 433 434 436 442 446 448 450 455 458 458 460 461 462 463 463 464 468 470 477 480 482 483-509 , ,.,. 483 484 484 485 485 486 CONTENTS. XI R E P O R T OP THE R E G I S T E R OP THE TREASURY—Continued. Page. Panama Canal loan ^ ,. Philippine Islands and city of Manila bonds Three per cent certificates of indebtedness Dividends of interest prepared on registered bonds Interest checks declared during last ten years Interest checks prepaid on registered bonds ...•.-» Unissued bonds on hand ; Bonds held by foreign insurance companies District of Columbia coupon bonds redeemed Packages received and sent Summary statement showing disposition of bonds Classification of ownership of registered bonds Division of notes, coupons, and currency Coupon bonds Coupons Place of payment, number, and amount of coupons received Coupons received for registration Interest checks Place of payment, number, and amount of interest checks received Interest checks received from fiscal years 1894-95 to 1908-9 Currency . Old demand notes. United States notes, etc., received, etc Amounts of various redeemed vouchers received, canceled, and destroyed. Issue, redemption, and outstanding of various old issues Classification, total number, and amount of redeemed vouchers R E P O R T OF THE COMMISSIONER OF INTERNAL R E V E N U E 486 487 487 488 489 489 490 491 491 491 491 492 493 495 497 497 500 501 501 504 504 505 507 507 509 511-525 Receipts 1 511 Receipts i n large tax-paying States and districts : 511 Cost of collecting t h e internal revenue 514 Special corporation excise t a x . . . . . .° 514 Receipts for first three months fiscal years 1909 and 1910 compared 514 Cost of collection . . . . 516 Expenditm-es from appropriation, '' withdrawal of denaturalized a l c o h o l " . . 516 Estimated expenses for next fiscal year 517 Salaries , 517 Scale of salaries of collectors : 518 Official force 518 Storekeepers, gaugers, etc 519 Internal-revenue receipts during the last two fiscal years compared - 520 Withdrawals for consumption during the last two fiscal years c o m p a r e d . . . . 522 • Aggregate collections made and reported to t h e Commissioner ot Internal Revenue during t h e fiscal year 1909 ^ 522 Amount of internal revenue collected in the several States, Territories, etc., that have been consolidated with other districts for the fiscal year 1909.. 524 Receipts for the past ten fiscal years 525 ANNUAL REPORT ON THE FINANCES. TREASURY DEPARTMENT, Washington., D, (7., December 6^ 1909, SIR : I have the honor to submit the following report: ESTIMATES. The estimates of expenditures for the executive departments for the fiscal year 1911, submitted herewith, are the result of great attention on the part of heads of departments. The consideration of these estimates was taken up at an unusually early time and continued until now. The aim has been to reduce them to as low amounts as is practicable, in conformity with the policy of the Administration to recognize practically the recent and present disparity between revenues and expenditures, and to seek the necessary adjustment through reduced expenditures on the one hand and needed revenues on the other. The total esti'mates for 1911, including the Naval building program, are $684,132,197.21. Excluding the increase in the Panama Canal estimates, the total estimates for 1911 show a decrease ol $57,244,493.89 under the appropriations for 1910. Including the increase in the Panama Canal estimates, the total estimates for 1911 show a decrease of $42,818,969.19 under the appropriations for 1910. For the fiscal year 1910 the Naval building program was not included in the estimates submitted to the Congress. It is, therefore, a matter of interest to note that when the Naval building program is eliminated from the estimates for the fiscal 3^ears 1910 and 1911, the total estimates for 1911 are $94,001,492.92 less than the total estimates for the fiscal year ending June 30, 1910. The increasing appropriations from year to year have become a ' recognized incident of the general growth of the Government's business, due to the growth of the country and the increase in the Government's occupations and undertakings. A summary of estimates, therefore, which shows no increase over previous years means that a large retrenchment has been made. This applies not only to the total estimates of the department but to the estimates of its individual branches. So that estimates showing a reduction of totals is a double 13518—FI 1909 1 1 2 REPORT ON T H E EINANCES. retrenchment—a retrenchment of the actual amount reduced and a retrenchment of the usual increase. Th§ estimates submitted have no intentional exaggeration in them. If at any previous time there was shown a tendency to exaggerate estimates without an expectation of their full appropriation, the case is now quite different. While the final authority in appropriations rests with Congress, it is proper to present the estimates for the coming year as a careful measure of the actual and irreducible needs of the Government. The estimates of receipts, with their very long look ahead, are always subject to many vicissitudes, and perhaps never more than now, when the revenue results of the new tariff law are still largely undetermined, when the new conditions affecting the internal revenue from distilled spirits and fermented liquors are still a factor, and when the corporation tax is yet unexecuted. The estimates must therefore be taken as the best under the circumstances. For the fiscal 3^ear 1910, the ordinary receipts are estimated at $648,000,000, and the ordinary disbursements at $682,075,620.12, showing a deficit inordinary receipts of $34,075,620.12. When the payments on account of the Panama Canal and the public debt are added, the total deficit of the fiscal year 1910 is estimated at $73,075,620.12. The estimated ordinary receipts for 1911 are $672,000,000, and the estimated ordinary appropriations $636,068,672.51, or a surplus in ordinary receipts of $35,931,327.49. When the Panama Canal estimates for 1911 are added the surplus is turned into a deficit of $12,132,197.21. Since the Treasury has not at present, either in the banks or in its vaults, materially more than a working balance, it will become necessary, in order to meet these deficits, to sell either bonds or certificates of indebtedness. I n due course it would seem that it must be made practicable to both estimate receipts, with a close approximation to the actual, and to provide for their annual rise or fall by the introduction of some.flexible factors in our annual taxation. The hard rigidity of the present revenue system, with its recurrent economical agitations and its long intervals of fixity, with no annual adjustinentj can not always satisfy the Government or the nation. ECONOMIES. I t is a favorable opportunity—partly created by the influence of the deficit—to consider the Government's outgo, not alone in its totals, but in its details, and to institute proper economies. The time is clearly ripe for wise and judicious savings in federal expenditure ; and if this should be successfully accomplished there is a pros- SECRETARY OF THE TREASURY. 3 pect that the example would influence the overhauling of state and municipal expenditures, to the great advantage of the nation. There are two classes of reductions in the present estimates. One class is of those economies which result from an improved handling of the Government work, and from cutting off expenditures which are discovered to be avoidable without injury to the service or to the people. These result from a close scrutiny, and this scrutiny of course has, as it were, just begun, and must be a continuous process to become completely effective. This class of economies is permanent and undeniably wholesome. The other class consists of postponements of expenditures which can be delayed, in an effort to adjust immediate expenses and receipts. Such reductions are not wholly permanent; but even in ,these cases the more thorough scrutiny and consideration which they are receiving and the greater interest in proper saving and economy which marks the present period will tend to economies and reductions. I t would be a great mistake, however, as all will agree, to let this epoch of economy discredit itself and come to an untimely end by reason of losing the sense of difference between reductions of appropriations that we are better without and reductions of the appropriations that we are better with. Extravagance, waste, inefficiency, and poor adininistration on the one hand, and too hurried or too expensive development of governmental activities on the' other hand, can afford savings to the advantage of. everybody; but it would be unfortunate if the current impulses toward true and real economy should go further and seek to curtail any of the wise instruments of the Government which are or shall be demanded by the interests of the people. There is a tendency at the same time to overestimate the possible reduction in appropriations through improved administration or other distinctively executive retrenchments, and the reductions in appropriations will be disappointing unless equal attention is given to other important savings. The departments should undoubtedly scrutinize every opportunity for reduction of expenses of administration. I t will be necessary, however, in order to effect full permanent reductions in appropriations to also take in hand every item of expenditure, and, among others, as instances, the following: The heavy losses to the Govemment on second-class mail matter which require a discrimination to be made between mail matter demanded by the interests of the people and that which merely promotes private gain; the excessive expenditures for public buildings which suggest the simple arrangement by which such buildings will be approved and ordered for the needs of the public service only; the expenditures for public works; and the expenditures for printing. In other words, in order to 4 REPORT ON THE EINANCES. effect a real revision of the expenditures of the Government, it must be a general revision, both of those appropriations which have their initiative in the executive departments and of those that have their initiative in the Congress. THE EQUIVALENT OF A BUDGET. The absence of anything like a budget in our Government has undoubtedly led to a great deal of extravagant approjpriation. Originally, no doubt, it was contemplated that a budget should.be presented by the Secretary of the Treasury. And Alexander Hamilton began in that way. But the complete plan of a budget was never fully realized, could not have lasted, and can not now be instituted. The elements of financial responsibility of such a system as the English have all been present, but the separation between the executive and legislative branches has prevented these elements from getting together. And, unfortunately, the responsibility for the adjustment of revenues and appropriations instead of drifting toward an efficient system of legislative and executive cooperation, devised as best it could be in our form of government, has drifted always toward an elimination of the responsibility of the executive branch. I t finally came to the point where the executive had little or nothing to say about the revenues, and where the executive estimates of expenditures were constructed more or less for trading purposes with the appropriation committees. On the other hand, the Congress, into whose hands the control so largely came, was obliged to meet these economic and business responsibilities with an organization that made revenue questions necessarily political and partisan, and which turned over the separate appropriation bills to a series of unrelated committees which were obliged to deal with them in singular isolation. In neither house of Congress was there a corelation or cooperation of these committees. In this way the Government arrived at the farthest extreme from a responsible budget. The demand for something better has undoubtedly arisen, and has already taken form in a marked attempt on the part of the Congress to organize these important responsibilities. In March last there was incorporated in the sundry civil appropriation bill the following provision: Immediately upon the receipt of the regular annual estimates of appropriations needed for the various branches of the Government it shall be the duty of the Secretary of the Treasury to estimate as nearly as may be the revenues of the Government for the ensuing fiscal year, and if the estimates for appropriations, including the estimated amount necessary to meet all continuing and permanent appropriations, shall exceed the estimated revenues, the Secretary of the Treasury shall transmit the estimates to Congress as heretofore required by law and at once transmit a detailed statement of all of said estimates to SECRETARY OF THE TREASURY. 5 the President, to the end that he may, in giving Congress information of the state of the Union and in recommending to their consideration such measures as he may judge necessary, advise the Congress how, in his judgment, the estimated, appropriations could with least injury to the public service be reduced so as to bring the appropriations within the estimated revenues, or, if such reductions be not in his judgment practicable without undue injury to the public service, that he may recommend to Congress such loans or new taxes as may be necessary to cover the deficiency. Then followed the announcement of the President favoring a reduction in appropriations and an earlier and more thorough consideration of the estimates by the heads of the departments. It was determined that instead of the former system, by which each member of the Cabinet had sent his own department estimates to the Congress without any common consideration of all the estimates by the whole Cabinet, the estimates of all the departments should be reported to the President and the Cabinet and be considered by them with a view to a relationship to the expected revenues. This was a decided step towards a more rational dealing with these great questions. Then came the action of the Senate appointing a Committee on Expenditures, including the chairmen of the separate committees having charge of appropriation bills, with a view of binding together the work of these committees, and of having it all passed upon together and in common, thus tending toward making the appropriations of Congress one appropriation instead of many. All of this^ is the beginning of an organization of the fiscal responsibilities of the executive and legislative branches of the Government. These beginnings should be, and I believe will be, conserved and developed. It is too early to say what final form this reorganization of the fiscal responsibilities will take, but it is fair to hope that there will be constant progress away frpm the extreme disorganization of the past. Even if our country is rich it can not afford to be wholly unscientific in its appropriations. . , . BONDS. I respectfully recommend that the tax on bank circulation, secured by United States bonds hereafter deposited, be continued at the rate of one-half of 1 per cent per annum for circulation based on 2 per cent bonds, but that the tax on circulation secured by United States bonds hereafter deposited bearing rates of interest higher than 2 per cent shall be increased in exact proportion to the increase of the rate of interest above 2 per cent. So that, for example, the tax on circulation secured by 2^ per cent bonds would be 1 per cent per annum, by 3 per cent bonds 1^ per cent per annum, and so on, it being understood that the tax on circulation secured by existing bonds bearing 3 or 4 per cent interest, and now on deposit to secure circulation, would not be affected. 0 REPORT ON T H E FINANCES. This would complete the availability of the Panama bonds authorized by the law of August 5, 1909. These bonds, as the law now stands, if issued at 3 per cent would have a much better circulation privilege than the outstanding 2 per cent bonds, the tax being only 1 per cent; and their issue, therefore, would constitute a discrimination against the 2 percents that the Government could not justly contemplate. The circulation privileges of any new issues should certainly not be better than those of the 2 percents; but a parity would, I think, be sufficient protection to make good for the time being the imperative moral obligation of the Government to see to it that the market value of these 2 percents does not unduly decline because of their abnormally low rate of interest. At the same time it is desirable to thus complete the legislation respecting the new authorization of Panama bonds, so as to carry out the intention of Congress to make them available. The indebtedness of the Panama Canal to the general fund of the Treasury now amounts to $97,069,649.26 and the continuing outlay for construction adds to the drain upon the general revenues. It is desirable that the settlement of this account should be at least begun; and that the expressed policy of the Government to pay the cost of the canal from the proceeds of bonds in order that the next generation or two shall share with this in the cost of the great enterprise, should be secured and established. If the sale of any part of these bonds for the repayment pf the general fund should produce more cash than the Treasury balance needs there might be bought in .the market for the sinking fund some of the 2 per cent bonds. Such, a purchase—though of no great amount^—should tend to keep the market price of these bonds, now unduly depressed, above par—a favorable condition to which the Government can not be indifferent. It might also have effect as an approach toward some present elasticity in the national bank currency. The 2 per cent bonds are nearly all held by the banks, mostly as a basis for circulation; and the banks would face so much loss in an attempt to dispose of them in addition to the heavy sum, estimated at $25,000,000, which they have already lost on them, that the influence of the situation is decidedly against the retirement of circulation. The present condition of the national bank circulation is therefore as unresponsive as it has ever been at any time; and any influence, however limited, that should .tend to relax this currency rigidity would be an advantage. The introduction of the 3 per cent Panaina bonds and the withdrawal of even a small amount from the surplus of the 2 percents would substitute for bonds that are almost wholly used as a basis for circulation, bonds that might be used for circulation purposes if there should be a real need for them, but which would have the advantage of a broad competition created by the demand of investors. SECRETARY OF THE TREASURY.. 7 The 2 per cent bonds as a basis for circulation have no elasticity, but are practically stagnant and unchangeable in amount. Being at their low rate of interest only desirable for circulation, there is no demand for them in the market from investors; the banks can not buy and sell them at will; and the effect is one of rigidity on their own part, and rigidity of the currency created by them. Therefore even such a slight change in the conditions as I suggest would be at least in the right direction. ' If now the objection should be made that selling 3 per cent bonds and buying 2 per cent bonds with the surplus part of the proceeds would be increasing the Government's interest payments by 1 per cent on that amount, the answer is that that would be one of the best features of the transaction. It is, in my judgment, high time for the Government to realize that it does not have a 2 per cent borrowing power and has never had. No government, however rich, has a 2 per cent borrowing power. Possibly it would have been better never to have issued 2 per cent bonds or bonds at any rate of interest below the borrowing power of the Government in the open-investment market. By varying the tax on the circulation ^privilege the transaction between the Government and the banks could be at the same net rate of interest, whatever the bond rate might be. For instance, a 3 per cent bond with a payment of IJ per cent by the banks to the Government for circulation and the 2 per cent bonds with one-half of 1 per cent circulation charge make precisely the same net rate between the Government and the banks, to wit, IJ per cent. If, therefore, the Government had issued 3 per cent bbnds instead of 2 per cent bonds, or if it should do so now or at any time, it would, not change in any way the "net interest result of its transactions with the banks; and such a course would have the advantage of issuing bonds that investors would want and which would have a broad and wholesome market. that would aid materially in introducing elasticity in the currency. Even if we were certain of^ a basic reform of our banking and currency system at an early date, there would still be no. obj ection to affording in this incidental way some relaxation of the present immovability of the currency. REHABILITATION OF THE CUSTOMS SERVICE. The alarming revelations of the condition of the customs service at the port of New York, which resulted from investigations started during the last administration, confronted' the Treasury Department in March last with the necessity for still further^investigation and for a general overhauling and rehabilitation of the service at that port; and for a general inquiry into the condition of the customs service as a whole. The revelations of the sugar customs frauds of the 8 REPORT ON T H E FINANCES. American Sugar Eefining Company shoAved a long-continuing system of corruption. For a period of years this system had been thoroughly organized, involving one of the largest corporations of. the country and necessarily a considerable number of men in the government service. These frauds were so extensive and had b'een so intrenched that over $2,100,000 has been paid to the Government since March 4 in acknowledgment of evaded duties. An instance of organized corruption of dimensions like these could not be treated as an isolated case. Since this case was possible there must have been at that port a wide-spread demoralization. The Treasury Department therefore of necessity has given great attention to uncovering the actual conditions at New York, to bringing to punishment offenders who can be reached, and especially to reforming and rehabilitating the service and putting it upon a basis of decency, honesty, and efficiency. There could not have been a more favorable time for undertaking this important reform. The revelations made and proven were so startling and impressive that opposition was silenced; and in this silence the necessary, clear-cut measures could be carried out without meeting serious obstructions. I t soon developed that the frauds of the American Sugar Eefining Company, while perhaps the most important instances, were, as had been apprehended, symptoms^ of a diseased condition, not universal by any means, but almost general. And difficult as it always is to sufficiently bring to light the facts of such a condition to afford a basis for rehabilitation, this has been already largely accomplished. Much has been discovered to afford an understanding of the situation, with the result of numerous seizures, of numerous prosecutions made or projected, and df important and successful beginnings of a complete rehabilitation. While the recovery of evaded duties and the prosecution of individuals have been of large significance, the greatest asset to the Government of these disgraceful conditions is the knowledge and the light which guarantee in time a wholesome reorganization. The study of the causes of the demoralization which has been revealed is still incomplete, but the main causes are evident. I t is clear, for instance, that the influence of local politics and politicians upon the customs service has been most deleterious, and has promoted that laxity and low tone which prepare and furnish an inviting soil for dishonesty and fraud. Unless the customs service can be released from the payment of political debts and exactions, and from meeting the supposed exigencies of political organizations, big and little, it will be impossible to have an honest service for any length of time. , Any considerable share of the present cost of this demoralization to the public revenues, to the efficiency of the service, and to public and ' SECRETARY OF THE TREASURY. 9 private morality is a tremendous amount to pay in mere liquidation of the small debts of political leaders. I t is also clear that the widespread disposition of returning American travelers to evade the payment of legal duties has greatly helped to create the conditions which have become intolerable. Those Americans who travel abroad belong to the sections of the people which most readily create public sentiment and are most responsible for it; and the fact that in so many instances these travelers are willing to defraud the Government out of considerable or even small sums creates an atmosphere on the docks that strongly tends to affect the morale of the entire customs service. And when to this is added the frequent willingness upon the part of these responsible citizens to specifically corrupt the Government's men, then ihe demoralization is further accentuated. Still another explanation of the influences which, through a series of years, have worked toward the corruption of the service is the determination or willingness of certain classes of importers to defraud the Government of as much of its duties as they can compass. Some of these importers work through undervaluations, with which the service has been in many instances unable to contend, and to defeat which the present tariff law has introduced new methods of administration. Others, as shown by recent court trials, work through a combination of consignor, consignee, and customs officials. And still others, as in the sugar frauds, disregard the foreign shipper and form a corrupt organization out of their own people and the people of the Government. All these revelations, and the efforts to carry the revelations further, the prosecutions and the reorganization, so far as it has gone, have occupied but a few months. None of this difficult work is complete or nearly complete. I t has had to be carried on at the same time with the usual business of the customs service. The Treasury Department, having the firm support of the President, will continue it without pause and will have, as it has had, the effective cooperation of the Department of Justice. The undertaking is not primarily one of punishment. Prosecutions are but unavoidable incidents of the purpose to rehabilitate the service. We must have the facts and the facts necessarily lead to prosecutions. But they will lead in the end to the establishment of an administration of the customs service that is fit for the government of a great nation. EFFICIENCY. The matter of efficiency in the administration of the Treasury Department is also being inquired into. This is not an inquiry that can be quickly concluded if it is to be productive of results. There should be, of course, in every great executive organization, a constant 10 REPORT ON T H E FINANCES. and almost automatic efficiency test with practical results; and in any prosperous private business this obtains. But even then a periodical set investigation is necessary, especially in government offices. I n the inquiries now being made in the Treasury Department, there is no further intention than the ordinary one of finding out whether the work is done under the most effective system and with reasonable individual efficiency, or whether improvements can be made, having, of course, in view the normal relation between efficiency and econoniy and between efficiency and morale. The more efficiency you can secure in system and in personnel the less the cost will be. The saving, however, would show itself probably more in forestalling increases in expenditure than in reducing present totals'; for the increase in public business is as certain and unavoidable as the increase in the private business of the country. RETIRING PENSIONS. Any inquiry into the efficiency of administration very soon involves a consideration of a policy of civil service retiring pensions. And it seems to me that the conclusion is unavoidable that a really efficient service is out of the question without a method of honorably and justly retiring persons whose efficiency is seriously impaired. I t is quite true that the older clerks of the service are no more likely than the younger clerks to be inefficient. Indeed, their experience and their settled relations to the service could easily compensate for the lack of some other personal equipment. But just as there are instances where the younger clerks should be disciplined or dismissed so there are many cases of the older clerks where, in justice to. both themselves and the service, they ought to be honorably relieved. The service is blocked in many instances by the unwillingness of the officials in charge to throw out of place worthy men and women who have given the best of their lives to the work of the Government. So that, in a very imperfect and wholly unsatisfactory manner, practically a pension system is and long has been in operation. The United States is the only nation that has no general legal retiring, pension for the employees of its civil service. We have this unique position in the world, along with a reputation for great wealth and for otherwise liberal expenditures. The entire civilized world has shown great and growing recognition of pensions or retiring allowances; and while the United States is so far behind the rest of the world in civil pensions, it has by far the largest pension list among .the nations. The war and navy pensions are a recognized part of our policy; and in the civil service pensions have been extended to the judiciary. And though as a government we have halted at a general retiring allowance for civil employees, the great universities of our country and the SECRETARY OF THE TREASURY. 11 great corporations have been taking immense steps along this very line; and the Federal Government is becoming more and more isolated. AVhile I have spoken only of the effect upon the service itself of the lack of a system of retiring pensions, there are, as. everyone knows, other claims upon the Government to establish this policy. I hope that the Congress will take up and consider favorably one of the various forms of law that are proposed. This subject has been before the country and before the Government for a long while; and if the policy were to be adopted at this time it would undoubtedly give a strong impulse to that improvement of every branch of the service which is now so much desired by the people and which is a matter of so much interest to the Congress and to the Administration. In expressing my opinion in favor of the retiring allowance, I purposely a-void the expression at this time of a preference for any particular plan pr system. T H E CORPORATION TAX. There has been much discussion throughout the country as to what would be taxed under the corporation-tax law and as to what form of return would be adopted. I t could only be assumed by the Treasury Department that the single purpose of the law is to tax at 1 per cent the actual net profits of a corporation, as net profits are commonly understood, and that the term " net income " was used in the law instead of " net profits " in order that there might be no confusion as to this—that net profits mean not merely the actual net earnings from the operations of the business, but also net revenues received from the corporation's investments and from all other sources. With this controlling purpose of the law. clearly defined and adhered to, it follows that the form of return must be strictly conformed to it, and the terms of the law construed accordingly. T H E T A R I F F BOARD. The Tariff Board, authorized by Congress and appointed by the President, has been organized and has entered upon its work. This Board was authorized by the Congress to gather information to assist the President, and also to gather information to assist the Treasury Department in the adniinistration of the customs. The Board has most ample authority; and I look forward with great confidence to most important results in both branches of the Board's work, and to the establishment of the Board in the confidence of the country. T H E NATIONAL BANKS. The improvement in the dealings of the office of the Comptroller of the Currency with the national banks is going forward. The misconception of the purposes of the department respecting the responsibilities of bank directors has practically passed away. The purpose 12 . REPORT ON THE FINANCES. in this respect was and is to stimulate bank directors to a livelier and more detailed sense of their active responsibilities, and to reawaken in the department itself practical oversight of the relations of the directors to the banks. I am confident that we shall have a very distinct and much-needed improvement in this very important factor in the management of the national banks. The improvement in bank examination is already considerably advanced, and this critical function is sure to be better and better performed. An essential feature of improved administration of the function of bank examination is that the examiners themselves shall be exclusively identified with the service. The practice has therefore been adopted by the Treasury Department, with the approval of the President, that no bank examiner after he has entered the service shall take any part whatever in practical politics. The lessons of the panic of 1907, following the other conspicuous experiences and lessons of the department in recent years, brought into a stronger light, along with the defects of the directorship system as then carried ori, the almost equal deficiencies of bank examinations. There is ground for the assumption that with such examinations and such responsible directorships as are now aimed at and partly achieved the bank failures in New York which precipitated the panic would have been foreseen and prevented. The cooperation that is becoming established between the nationalbank examiners, the state-bank examiners, and the new order of examiners of the clearing-house associations, and the more searching and individualized study of examiners' reports at Washington, are making the department's improved relations with the banks progressively effective. THE TREASURY PRINTING OFFICE AND BINDERY. The printing office and the bindery which were found established in the Treasury building have been removed to the Government Printing Office and there absorbed. The Treasury building has thus avoided a decided fire hazard and secured much-needed additional room, and the Government is saved some expense. The department finds the new arrangement for its printing and binding very convenient and satisfactory, and the example is being used to enforce the removal of all similar branch offices and the consolidation of all the government printing and binding in the Government Printing Office. THE DAILY STATEMENT. The form of the Daily Statement of the Treasury was changed to take effect on July 1 last, in order that the discrepancies should be avoided which were due to the daily returns made to the Treasurer's office and those made to the division of bookkeeping and warrants being taken independently and without reconcilement for the difference SECRETARY OF THE TREASURY. 13 in their dates. The further and still more important purpose was to separate the ordinary receipts and disbursements from the disbursements for the Panama Canal and the public debt, the latter inclusive of money received and paid for the retirement of national-bank notes. The new statement also gives a clearer understanding of the available cash in the Treasury and in the banks. I t contains other information that is of daily interest. I t will JDC possible, dpubtless, to further improve this statement at ariother time, but nothing more is^ necessary at this time. The statement has the advantage of drawing attention away from the grand total of appropriations to the more actual cost of the administration of the Government, and to fix attention upon those facts of our finances which need and which repay the consideration of the Congress, of the Administration, and of the public. The exhibits of the year's finances on pages 15-17 of this report are conformed to the practice of the Daily Statement. T H E TREASURY P E R M A N E N T STAFF. I am greatly impressed by the importance to the Government's service of the permanent staff of the Treasury Department. Secretaries of the Treasury and Assistant Secretaries come and go, but the pernianent staff continues. And with it persist the traditions of the department, and upon it largely depends the standard of its administration. Nothing is more important than that this permanent staff should be recruited from the very best available ability in the country. I have no specific recommendations to make at this time. At a later time I may wish to suggest to the Congress a revision of the salaries of some of those upon whom the Treasury Department so greatly depends. Nearly all members of this important staff except auditors are already in the classified permanent service, and there seems to be no good reason for this exception. CONCESSIONS TO P U B L I C C O N V E N I E N C E . The tendency to affiliate the subtreasuries with the clearing houses of their localities is, I think, clearly in the right direction. There seems to be no good reason why the, receiving and paying work of the Government should not be on the lines of the receiving and paying work of other business organizations, and so far as the discretion lies with the Secretary -of the Treasury, I shall consider with great interest suggestions for the adjustment of the ordinary paying and receiving business of the Government to the convenience of the people. I even hope for, arid I beg to suggest to the consideration of the Congress, a reconsideration of the methods of the payment of customs duties so that^ these transactions may cease to be so very inconvenient and may conform themselves to the ordinary practices of business. 14 REPORT ON T H E FINANCES. The spectacle should not be possible of a detail from the navy carrying $30,000 in cash through the streets of New York from the "subtreasury to the custom-house to pay duties on navy importations and of a return trip from the custom-house by the representatives of the collector back to the subtreasury with this same money, all because the collector of customs could not legally accept a check of the Navy Department upon the subtreasury. BANKING AND CURRENCY REFORM. I t is not necessary and not appropriate for the Secretary of the Treasury at this time to discuss the plan of banking and currency reform. The necessity for such reform is universally recognized, and when the time is ripe it will be the duty of the Treasury Department to express its judgment. Meanwhile the initiative in this important legislation was committed by the Congress to its Monetary Commission, and until that commission has reported it will be the policy of the department to preserve an open mind. The.question has been and still is growing. The reform of our currency system has enlarged itself into the reform of our banking and currency systems, which brings into contemplation not merely the national banks, but the state banks in their three divisions—commercial banks, trust companies, and savings institutions. I t is to be'hoped that the extent and gravity of these broad readjustments.will induce a public demand for calm and disinterested treatment of the issues and a public recognition of the profound importance of a rational, harmonious agreement. Neither political partisanship nor special interest nor pride of opinion should be allowed to obstruct a purely economic reform of such great significance to the nation in both its national and international relations. The change, when it comes, and whatever it may be, must be at any rate fundamentally right. I t is better by far that there shall be no change whatever than that it shall be another makeshift. We must have at least the beginning of a permanent system. At present we have neither an adjustable currency nor trustworthy surplus reserves, two absolutely essential features of any banking system upon which the finances and the commerce of this great nation can securely rest. To secure these essentials—to speak of no others—the^looked-for reform must deal with fundamentals. CONTINGENT FUND. The Secretary of the Treasury is the head of a business whose current expense accounts for mere administration foot up yearly to the amount of $38,000,000. I t spends altogether $84,000,000, but $38,000,000 are for mere operating expenses of the department. The appropriations for these large expenditures are specifically dedicated. I n handling the varied interests of this great business the Secretary SECRETARY OF THE TREASURY. 15 of the Treasury has no contingent fund, and it would be greatly in the interests of the service if one were provided to the extent, say, of $100,000. Every head of a private business has control of sufficient funds to deal with contingencies and can, among other things, make such investigations and studies of the business as are necessary to put and keep it upon a progressive foundation. The interests of the Treasury Department would be equally promoted if a similar discretion should be given to the Secretary. FINANCES. I have the honor to now call attention to the following statements showing receipts, disbursements, estimates, and the condition of the Treasury: ' E E C E I P T S AND DISBURSEMENTS. Fiscal year 1909. (See details in tables, pp. 20-25.) The receipts and disbursements of the Government by warrants in the fiscal year ended June 30, 1909, were as follows: ORDINARY R E C E I P T S . Customs ! $300, 711,933. 95 Internalrevenue 246,212,643.59 Sales of public lands 7,700,567.78 Miscellaneous $49,562, 707.44 Less difference arising in adjustment of moneys not covered by warrants in the fiscal year of deposit in Treasurer's cash 598,362. 92 48, 964, 344. 52 Total $603,589,489.84 ORDINARY DISBURSEMENTS. For civil establishment, including foreign intercourse, public buildings, collecting the revenues, District of Columbia, grants from the Treasury for deficiencies in the postal revenues, $19,501,062.37, and miscellaneous expenses $186,502,149.47 For military establishment, including rivers and harbors, forts, arsenals, seacoast defenses, and expenses on account of war with Spain and in the Philippines, and miscellaneous 161,067,462. 39 For naval establishment, including construction of new vessels, machinery, armament, equipment, improvement at navy-yards, expenses on account of war with Spain and in the Philippines, and miscellaneous. 115,546, Oil. 09 16 REPORT ON THE FINANCES. For Indian Service...... Forpensions For interest on the public debt. '. $15,694,618.11 161,710,367.25 21,803,836. 46 Total $662, 324,444. 77 Excess of ordinary disbursements over ordinary receipts... 58,734,954. 93 PANAMA CANAL R E C E I P T S . Receipts (proceeds of bonds): Principal of bonds Premium thereon $30,000,000. 00 731,008. 21 Total $30,731,008. 21 PANAMA CANAL D I S B U R S E M E N T S . Disbursements for canal ...:.. Excess of Panama Canal disbursements over receipts 31,419,442. 41 688,434. 20 PUBLIC D E B T R E C E I P T S . " Gold certificates issued Silver certificates issued United States notes issued National-bank note fund 1 $294,710,000.00 336,860,000.00 132,940,000.00 45,624,239. 50 ^ 810,^34, 239. 50 Deduct certificates issued, $631,570,000, the cash received therefor be'ing set aside in trust-fund account for their redemption Deduct United States notes issued, $132,940,000, to replace a like amount of notes in kind retired., Total 764, 510,000. 00 , 45,624,239. 50 /' PUBLIC DEBT D I S B U R S E M E N T S . Gold certificates redeemed Silver certificates redeemed Treasury notes of 1890 redeemed United States notes redeemed Certificates of indebtedness redeemed Funded loan of 1907 redeemed National-bank note fund Miscellaneous redemptions - $261,892,000.00 326,796,000. 00 767,000.00 132,940,000.00 14,186,500.00 1,208,200.00 89,562,083. 00 39, 987. QO 827, 391, 770. 00 Deduct certificates and notes redeemed fromV trust funds pledged'therefor, $589,455,000 Deduct worn and mutilated United States nojbes > 722,395,000.00 redeemed but replaced by the issue of new notes in kind, $132,940,000 Total Excess of public debt disbursements over receipts 104,996,770.00 59,372,530.50 SECRETARY OF TPCE TREASURY. 17 Postal service: Postal revenues ' $203, 562, 383. 07 Postal service paid from postal revenues, exclusive of grants from the Treasury of $19,501,062.37 for deficiencies in the revenues charged in expenses of civil establishment 203, 562, 383. 07 Total receipts, exclusive of postal $679, 944, 737. 55 Total disbursements, exclusive of postal, except postal deficiency by grants from the Treasury 798, 740, 657.18 Excess of all disbursements over all receipts 118, 795, 919. ( SUMMARY. Ordinary receipts Ordinary disbursements $603,589,489.84 662,324,444. 77 Excess of ordinary disbursements over receipts Panama Canal receipts $30,731,008. 21 Panama Canal disbursements 31,419,442.41 58, 734,954. 98 Excess of Panama Canal disbursements over receipts Public debt receipts $45, 624,239. 50 Public debt disbursements 104,996, 770. 00 688,434. 20 Excess of public debt disbursements over receipts Postal revenues .$203,562, 383. 07 Postal service paid from postal revenues, and exclusive of $19,501,062.37 grants from the Treasury for deficiencies 203,562,383. 07 59,372,530. 50 Excess of all disbursements over all receipts, being decrease of balance in general fund in 1909 118, 795,919. 63 Total balance in general fund June 30, 1908 Total balance in general fund June 30, 1909 $245,171, 347. 73 126,375, 428.10 Decrease in 1909 118, 795,919. 63 ' The securities redeemed on account of the sinking fund were as follows: Fractional currency One-year notes of 1863 Seven-thirties of 1864 and 1865 Compound-interest notes Refunding certificates Funded loan of 1907 Certificates of indebtedness Loan of 1904 Funded loan of 1881 Funded loan of 1891 Total \ 13518—FI 1909 : 1 $2,027.00 . 30.00 650.00 230.00 550.00 1,208,200.00 14,186,500.00 28,850.00 5,050.00 750.00 15,432, 837.00 2 Digitized for \ FRASER 18 REPORT ON T H E FINANCES. CONDITION OF THE TREASURY, J U N E 30, 1909. The public debt pf the United States at the close of the fiscal year, as stated in the debt statement of June 30, 1909, is set forth in detail, as follows: Interest-bearing debt: Loan of 1925, 4 per cent Loan of 1908-1918, 3 per cent Consols of 1930, 2 per cent Panama Canal loan, 2 per cent ....:. Debt on which interest has ceased: Funded loan of 1891 Loan of 1904 Funded loan of 1907 Refunding certificates Olddebt $118, 489, 900. 00 63, 945,460. 00. 646, 250,150. 00 84, 631,980. 00 $913, 317,490. 00 55, 750. 00 43, 750. 00 1, 857, 350. 00^ 17, 720. 00 909,285.26 - Debt bearing no interest: United States notes (greenbacks) National-bank notes, redemption account Old demand notes Fractional currency 2, 883, 855. 26 346, 681,016. 00 28, 518, 941. 00 • 53,282.50 6,860,787.28 382,114,026. 78 Total interest and noninterest-bearing debt 1, 298, 315, 372. 04 Certificates and notes issued on deposits of coin and silver bullion: Gold certificates ^852, 601, 869. 00 Silver certificates 484,414,000.00 Treasury notes of 1890 .' 4, 215,000. 00 1, 341, 230, 869. 00 Total debt June 30, 1909 ^2, 639, 546, 241. 04 CASH IN THE TREASURY JUNE 30, 1909. [From revised statements.] Reserve fund: Gold coin and bullion Trust funds: Gold coin Silver dollars Silver dollars of 1890 $150,000,000. 00 $852, 751, 869. 00 484,414, 000. 00 4,215,000. 00 1, 341, 380, 869. 00 General fund: In Treasury offices— Gold coin $39,952,432. 02 Gold certificates 37,746,420. 00 Standard silver dollars.. 7,659, 819. 00 Silver certificates 6,696,676. 00 United States notes 6,562,749. 00 Treasury notes of 1890... 11, 585. 00 National-bank n o t e s . . . . 3,736,064. 00 102,365,745.02 oExclusive of $150,000 gold certificates issued June 30,1909, but not covered h y / warrant until after the close of the fiscal year. y i SECRETARY OF THE TREASURY. 19 General fund—Continued. Deduct current liabilities— Nationalb a n k 5 p er c e n t fund... $24,540,250.49 L e s s notes in process of r e de m p tion.... 20,645,203.88 $3, 895, 046. 61 Outstanding warrants and checks 7,281,472.25 Balances to credit of disbursing officers 49, 703, 455. 28 Post - Office Department balances 337,168.71 Miscellaneous items 9, 067, 940. 96 $70,285,083.81 Working balance in treasury offices $32,080, 661. 21 In national-bank depositaries— To credit of the Treasurer of the United States... $60,427, 525. 69 To credit of mints and assay offices 396,324.04 To credit of disbursing of. ficers 10, 838, 951. 55 . $71, 662, 80L 28 In treasury of the Philippine Islands— To credit of the Treasurer of the United States... 957, 628.34 To credit of United States disbursing officers 1,813, 249. 97 2, 770, 878. 31 74, 433, 679. 59 Deduct current liabilities— Outstanding warrants 1,432,027.18 Balances to the credit of disbursingofficers 12, 652,20L52 14,084,228. 70 Balances in banks and in treasury of Philippine Islands.. In treasury offices^— Silver bullion (at cost) $4,242,393.06 Subsidiary silver coin 27,076, 747. 52 Fractional currency 79.48 Minorcoin 2,607,433.34 Awaiting reimbursement. United States bonds and interest paid 18,662.60 60,349,450. 89 33,945,316.00 Total balance in general fund June 30,1909. Total balance in general fund June 30,1908 Decrease in 1909 126,375,428.10 245,171,347. 73 ..,.. 118,795,919.63 20 REPORT ON T H E FINANCES. COMPARISON OP R E C E I P T S , FISCAL Y E A R S 1908 1908. 1909. AND 1909. Increase. Decrease. $286,113,130.29 S300,711,933.95 $14,598,803.66 Customs 251,711,126.70 246,212,643.59 Internal revenue S5,498,483.11 9,731,560.23 7,700,567.78 Sales of public lands 2,030,99^.45 • 1,013,606.36 892,974.91 Cliinese indemnity 120,631.45 6,656,017.27 Profits on coinage, buUion deposits, etc.. 11,223,336.62 4,567,319.35 Part payment Central Pacific Railroad 5,098,227.41 5,409,857.82 indebtedness 311,630.41 217,331.62 1,177,752.70 Payment of interest by Pacific railways.. 960,421.08 3,251,919.56 2,888,721.19 363,198.37 Tax on circulation of national banks 476,856.98 2,845.93 474,011.05 Interest on public deposits 740,110.54 133,106.36 Customs fees, fines, penalties, etc 607,004.18 Navy pension interest, navy hospital, and clothing funds 2,033,535.65 * 942,193.75 1,091,341.90 256,219.32 Sales of ordnance material, etc 265,542.43 9,323.11 5,222,994.92 Consular, letters patent, and land fees 5,039,138.40 **'i83,"856.'52 141,879.73 Depredations on public lands 397,870.15 255,990.42 Proceeds of town sites, Reclamation Serv12, 864.06 18, 642.85 ice 5,778.79 1,865, 701.18 1,804, 831.57 Forest reserve fund 60,869.61 26, 628.50 37, 333.72 Cooperative fund. Forest Service 10,705.22 3,388, 894.57 3,269, 476.55 Immigrant fund 'ii9,'4i8.'62 150, 187.15 36,329.60 186, 516.75 Naturalization fees 268.10 153, 106.90 153, 375.00 Tax on sealskins and rent of fox islands.. 205, 773.63 155, 305.26 Alaska fund .60,468.37. 70,482.36 871, 979.73 942, 462.09 Judicial fees, fines, penalties, etc 1,329, 791.52 902, 157.67 Sales of govemment property '427,'633.'95 278, 028.28 194,936.48 472, 964. 76 Sales of lands and buildings 6,062, 970.96 573,845.31 6,636, 816.27 District of Columbia, general receipts 231, 73. 891.61 Panama Canal, rentals, work done, etc... 157,914.98 Panaiha Railroad Company, principal 107,903.66 414,277.72 622,181.38 and interest of notes, and subsidy 1,332,664.'93 1,235,126.05 97,538.88 Miscellaneous TRUST FUNDS. Department of State: Miscellaneous trust funds Treasury Department: Spanish mdemnity principal Spanish indemnity interest South Carolina school fund Fund for education of the blind War Department: . Army deposit fund Soldiers' Home permanent fund Miscellaneous trust funds Navy Department: Navy deposit fund Marine Corps deposit fund Interior Department: Deposits for surveying public lands.. Outstanding liabihties, lands. Proceeds of Indian lands Indian moneys, proceeds of labor Miscellaneous trust funds Personal funds of patients. Government Hospital for Insane Pension money, Govemment Hospital for Insane Department of Commerce and Labor: Miscellaneous trust funds District of Columbia: Miscellaneous trust fund deposits Washington redemption fund Police and firemen's relief funds Other trust funds Less difference arising in adjustment of moneys not covered by warrants in the fiscal year of deposit in Treasurer's cash. 96,419.74 105,130.81 8,711.07 570,000.00 28,500.00 51,000.78 252,527.17 670,000.00 28,600.00 61,000.78 252,627.17 1,653,632.27 438,312.10 95.15 1,879,395.36 446,245.47 511,147.50 8,759.90 479,236.05 63,255.10 274,047.00 8,617.31 1,947,555.41 1,624,654.67 3,624.70 163,139.00 2,753.72 3,230,950.61 1,276,411.62 28,112.36 225,763.09 7,933.37 . 95.15 54,495.20 110,908.00 6,863.69 1,283,395.20 102,736.98 102,736.98 300,184.79 300,184.79 291,306.49 91,779.35 107,107.58 23,825.13 428,919.35 111,766.43 121,664.63 24,371.42 137,612.86 19,987.08 14,557.05 546.29 601,126,118.63 604,187,852.76 19,730,636.48 502.27 602.27 65,395.26 598,362.92 532,967.66 603,689,489.84 19,197,668.82 Panama Canal: Proceeds of bonds Premium on sale of bonds., 24,631,980.00 735,788.67 30,000,000.00 731,008.21 5,368,020.00 Panama Canal receipts.. 25,367,768.67 30,731,008.21 5,368,020.00 348,243.05 •""24,'487.'66" 601,060,723.27 Ordinary receipts. 31,911.45 16,668,902.25 16,668,902.25 4,780.46 4,780.48 SECRETARY OF T H E TREASURY. 21 •COMPARISON OP R E C E I P T S , FISCAL Y E A R S 1908 AND 1909—Continued. 1908. 1909. Public debt: National-bank note fund Certificates of indebtedness $64,333,136.50 15,436,500.00 $45,624,239.50 Public debt receipts 79,769,636.50 Total receipts, exclusive of postal. 706,198,128. 44 Postal revenues Total receipts, including postal Increase. Decrease. $18,708,897.00 15,436,500.00 46,624,239.50 34,145,397.00 679,944,737.55 $24,565,688.82 191,478,663.41 203,562,383.07 12,083,719.66 897,676,791.85 883,507,120.62 36,649,408.48 50,819,079.71 50,819,079.71 COMPARISON OF DISBURSEMENTS, FISCAL Y E A R S 1908 AND 1909. 1908. 1909. Increase. Decrease. CIVIL ESTABLISHMENT. Legislative: Senate House of Representatives Legislative, miscellaneous National Monetary Commission • Immigration Commission Public Printer Library of Congress Botanic Garden Court of Claims $1,801,049.82 4,726,083.99 72,169.45 10,000.00 75,677.14 6,394,810.82 613,609.68 29,701.22 65,784.30 $1,772,375.64 5,005,135.52 .89,193.67 60,060.50 363,498.64 6,736,847.10 627,268.88 25,628.68, 66,065.49^ $279,051.63 17,024.22 60,060.60 287,821.60 13,649.20 281.19 13,788,886.42 13,745,064.12 647,888.14 Executive proper; Salaries and expenses Civil Service Commission 166,460.95 238,062.65 187,529.69 256,577.62 21,068.74 18,514.97 Total executive proper 404,623. 60 444,107.21 39,683.71 . 444,345.07 427,275.52 676,707.78 1,357,575.05 712,417.28 1,322,593.63 36,709.50 270,216.93 351,320.40 271,632.40 381,582.59 1,415.47 30,262.19 81,168.16 484,457.29 80,771.94 42,353.53 632,267.75 90,208.05 147,810.46 9,436.11 3,745,562.62 3,880,330.76 225,633.73 4,057,952.02 819,404.88 1,465,863.03 4,395,317.32 1,429.693.55 9,680;626.25 3,362,656.01 6,934,406.40 209,919.04 1,714,487.20 484,862.21 129,102.72 6,183,613.40 778,501.35 1,331,128.21 4,349,714.42 1,203,537.93 10,261,073.33 2,882,715.84 6,774,215.45 229,588.80 2,277,954.79 736,610.06 78,068.42 1,125,661.38 1,575,829.60 2,009,149.79 3,302,400.27 9,341,364.55 1,262,620.38 1,344,663.48 422,124.81 442,391.60 166,095.98 1,587,662.06 2,258,600.68 3,057,557.52 12,452,502.41 1,391,209.46 1,735,322.45 371,307.54 441,425. 65 6,847.80 320,286.31 1,016,930.23 11,732.46 249,450.79 Total legislative Department of State: Salaries and expenses Foreign intercourseDiplomatic salaries Consnlar salaries Contingent expenses of foreign missions Contingencies of consulates Emergencies arising in the diplomatic and consular service Miscellaneous items Trust funds Total Department of State Treasury Department: Salaries and expenses Independent Treasury Mints and assay offices Salaries, etc., internal revenue Miscellaneous, internal revenue Collecting customs revenue... Refunding excess of deposits, customs. Debentures or drawbacks, customs... Miscellaneous items, customs Revenue-Cutter Service New revenue vessels >.. Special repairs to revenue steamers... - Public Health and Marine-Hospital Service Life-Saving Service Engraving and Printing. Public buildings. Fuel, etc., public buildings Custodians and janitors. Furniture for public buildings Epidemic diseases Jamestown Exposition Seattle Exposition ; Miscellaneous items i,42i,4i4.74 $28,674.18 668,963.72 4,072.54 691,710.44 17,069.65 34,981.42 680,447.08 19,669.76 563,467.59 251,747.85 38,814.63 90,865.60 40,903.63 134,734.82 45,602.90 226,155.62 479,940.17 160,190.95 51,034.30 3,111,137.86 128,589.07 390,658.97 320,286.31 ^" 244,842.75 50,817.27 965.95 160,248.18 464.48151 22 REPORT ON T H E FINANCES. COMPARISON OF DISBURSEMENTS, FISCAL Y E A R S 1908 AND 1909—Continued. 1908. 1909. Increase. . CIVIL ESTABLISHMENT-Continued. Treasury Department—Continued. Special funds— ^ Philippine special fund Miscellaneous special funds Trnst f u n d s Spanish indemnity, principal Spanish indemnity, mterest South Carolina school fund Total Treasury Department $253,834.41 21,716. 63 $981,715.60 570,000.00 28,500. 00 60,490. 00 204.68 $727,881.19 $21,716.63 670,000.00 28,295. 32 60,490. 00 56,796,886.77 61,707,194.28 7,580,730.31 War Department: Salaries and expenses Public Buildings and Grounds 1,878,565.33 . 301,871.61 1,907,869.11 368,881.52 29,303.78 67,010.01 Total War Department 2,180,436.84 2,276,750.63 96,313. 79 769,513.11 26,376.97 4,900,797.54 2,487,185. 81 881,568.93 75,585. 83 673,149. 69 1,500,000.00 • 5,022,638.69 2,950,066.66 981,750. 76 77,246.59 675,176.91 1,760,000.00 121,841.05 462,880. 85 100,181.83 1,660.76 2,027.22 250,000.00 1,379,017.07 1,231,739.63 363,527.15 1,463,771.61 232,031.98 349,989.36 123,431.50 94,233.02 673,836.28 154,456.92 444,730. 43 223,846.92 31,024.42 350,497. 41 11,126,042.02 9,627,93L69 344,386.88 437,639.26 43,055.49 56,609. 25 44,398.30 127,040. 32 209,327.24 293.52 196,120. 32 64. 63 Navy Department: Salaries and expenses Interior Department: Salaries and expenses Public lands service Geological Survey National parks Beneficiaries Colleges for agriculture Olfice Building, House of Representatives . . -^ Office building. Senate Heating, lighting, and power plant, congressional buildings Capitol building and grounds Miscellaneous items Special f u n d s Reclamation fund Five, three, and two per cent funds, sales of lands Revenues of national parks and Hot Springs, Ark Miscellaneous special funds... Trnst f u n d s Deposits for surveying public lands.. Outstanding liabilities, lands Total Interior Department V 743,136.14 " 1,342.81 71,43L07 14,206.92 228 89 24,889,395.32 1,942,018.70 1,627,471.55 12,888,040. 94 761,789.45 42,133.81 6,613,02L43 14,277.86 1,669,605. 36 19,501,062.37 187,411.51 216,977. 90 14,637.37 Total Post-Office Department 15,291,579.80 21,689,594.61 6,872,392. 65 2,316,383. 62 460,154. 25 1,055,876.10 2,629,699.71 282,166.08 2,306,431.69 3,056,324.63 30,275.50 1,562,079.71 3,098,760.29 264,803.04 3,814,948. 38 506,203.61 469,060.58 1,608,616.69 664,942.55 1,253,013.75 1,317,310.71 950,104.58 1,3.72,776.00 1,652,402.46 285,162.03 119,762.25 235,091.75 443,652.27 443,662.27 1,015,489.92 1,498,110.43 25,475,412. 78 Total.Department of Agriculture... 2,670,422. 80 93,252.38 Post-Office Department: Salaries and expenses Deficiency in postal revenues Mail transportation. Pacific railways.. Weighing, etc., mail matter Miscellaneous items Department of Agriculture: Salaries and miscellaneous Buildmg Expenses, Animal Industry Meat inspection, Animal I n d u s t r y . . . Purchase of seeds Forest Service Expenses of Plant Industry and cotton boll-weevil investigations Agricultural experiment stations . Weather Bureau Special f u n d s Payment to States and Territories t from National Forests fund a . . . Administration, etc., of forest reserves Cooperative work, forest investigations Miscellaneous special funds Decrease. 216,977. 90 259.51 2,528,036.16 674,377.94 674,377.94 739,941.01 1,144,183.28 100,409.18 27,266.83 3,335.83 32,065.21 3,866.98 4,798.38 531.15 13,460,764.40 16,282,468.23 4,312,719.72 429,878.75 17,363.04 1,043,774.10 a I^ald from "Administration of Forest Reserves " in 1908. 1,491,015.89 SECRETARY OF T H E TREASURY. 23 COMPARISON OP DISBURSEMENTS, FISCAL Y E A R S 1908 AND 1909—Continued. .1909. 1908. Increase. Decrease. CIVIL ESTABLISHMENT -Continued. Department of Commerce and Labor: Salaries and expenses B ureau of Labor Bureau of Standards Census Office Coast and Geodetic Snrvey Light-House Estahlishment Bureau of Fisheries Fish hatcheries Steamboat-Inspection Seirvice Miscellaneous items • Special fundsImmigration and Naturalization. Regulating immigration Chinese-e.xclusion acts Ellis Island, New York Harbor., Immigration station, San Francisco, Cal :, Miscellaneous special funds. Total, Department of Commerce and Labor $3,016.68 $865,048.94 175,297.66 189,16b. 87 1,239,264.25 962,745.89 6,870,052.52 088,393.82 69,080. 90 670,631.49 48,403.20 $868, 005. 02 158, 000.43 271, 175.03 1,141, 476.61 i,oo;, 199. 59 6,002,657. 67 689, 888. 79 45, 915.87 620, 804. 43 35, 124.06 94,452.57 2,028,054.71 418.118.00 480,000.00 97,493.05 1,974,602.11 502,435.23 870,000.00 84,316.63 390,000.00 150,000.00 1,517.05 112,000.00 10,631.36 9,114.31 14,850,228.47 14,301,469.85 82,008.16 "38," 453.'70' " i , " 494.'97 973,793.22 1,080,816.67 1,312,797.73 843,394.28 551,180.88 977,700. {.0 335,121.30 97,908.54 579,078.44 211,107.70 569,233.00 1,640,459.83 576,238.54 1,533,952.15 7,005.54 Total, Department of Justice., 9.093,846.28 9,073,150.17 197,456.82 725,640.19 149,091.75 1,001,834.79 110,737.10 0 5,417,335.62 1,026,963.88 153,198. 49 1,200,485.71 98,824.41 227,097.05 301,323.69 4,100. 74 258,050.92 2,766, .569. 54 564,081.35 112,4C2.82 48,266.72 26,304.39 Total, District of Columbia... Total. Civil Establishment 11,137,442.64 10,634,981.44 3,000,000.00 . 547,446.31 6,456.76 537,969.18 9,220.53 368,789.07 110,402. 95 104,185.34 10,993.24 256,090.44 88,317.84 107,107.58 41,643.63 "8," 074* 12 "4," 084." 07' 11,842.08 440. 05 35,317.27 46,603.35 8,701.06 106,.507.68 218,152.93 11,912.69 5,190,238.57 bureaus 7,404,639.45 53,452.00 1,160,203.65 861,330.40 District of Columbia: Salaries and expenses Terminal improvements Special funds— Water department , Miscellaneous special funds Trnst f u n d s Miscellaneous tmst-fund deposits Washington redemption fund Polic,e and firemen's relief funds.. Other trust funds 23,165.03 49,827.06 13,279.14 38,000.00 1,129,083.39 1,280,493.34 851,468.40 547,096.81 1,024,303.95 323,278.68 97,468.49 543,761.17 219,868.82 Total, independent and offices 867,394.85 3,040.48 Department of Justice: Salaries and expenses • Salaries of justices, assistant attorneys, etc Salaries, fees, etc., of marshals Fees of witnesses Salaries and fees, district attorneys... Fees of jurors Fees of clerks Fees of commissioners Support of prisoners Pay of bailiffs Miscellaneous expenses, United States courts Miscellaneous items Independent bureaus and offices: Interstate Commprce C-ommissIon Smithsonian Institution National Museum Zoological Park Territorial governments $17,297.23 ""97* 787." 64 3,000.000.00 5,202,151.26 502,46L10 9,477.13 2,763.77 112,698.63 22,085.11 2,922.24 30,650.39 12,184,505.10 14,776,541.75 3,137,547.51 545, ,510.86 175,420,408.57 186,502,149.47 26,254,188.33 15.172,447.43 41,979,486.21 8,996,880.11 MIUTARY ESTABLISHMENT. Pay Department , 32,982,606.10 Encampment and maneuvers, army and 1.014, 196.74 mUItia Extra pay, war with Spain , 131. 427.94 Suhsistence Department 6,439, 915. 89 Quartermaster's Department 33.671. 038.56 397, 160.57 National cemeteries 1,456, 816.15 Medical Department 86>. 12 11,456, Ordnance Department Engineer Department 4,568, 593.89 a Includes $5,000,000 paid for public 853,909.35 34,526.42 661.270 94 7,101.186.83 37.657,520.03 986,481.47 332,760.34 1,942,392.33 486;576."i8' 13,493,637.67 036,776.45 5,472,181.52 903,587.63 schools in Oklahoma. 160,287.39 96,901.52 64,400.23 24 REPORT ON T H E FINANCES. COMPARISON OP DISBURSEMENTS, FISCAL Y E A R S 1908 A N D 1 9 0 9 — C o n t i n u e d . 1909. Increase. Decrease. MILITARY ESTABLISHMENT—continued. Signal Service Military Academy : Improving harbors Improving rivers Military posts National nomes for disabled soldiers State homes for disabled soldiers Reimbursing States and Territories expenses of troops, Spanish war Refunding to States expenses incurred in raising volunteers Judgments, Court of Claims and United States courts Payment to State of Kansas, suppressing Indian hostihties Relief of suflerers from cyclone in Southern States Soldiers' Home interest account Miscellaneous items Special funds: Wagon roads, etc., Alaska fund Ordnance material, powder, etc Miscellaneous special funds Trust funds: Pay of the army, deposit fund Soldiers' Home permanent fund , Total Military Establishment. $414,999.42 1,602,185.74 10,643,768.09 19,613,880.92 1,912,636.76 3,945,098.33 899,769.27 $435,743.68 1,516; 459.16 11,119,320.80 23,297,162.30 4,188,803.50 4,219,695.64 1,185,237.52 562,710.60 130,253.66 $20,744.26 475,552.71 3,783,28L38 2,276,167.76 274,597.31 285,468.25 432,456.84 97,466.02 97,466.02 69,571.24 114,116.07 44,544.83 425,066.43 425,065.43 117,750.00 90,647.51 4,23L19 100,977.88 104,502.46 2,929,232.49 145,428. 27 30,653.30 13,000.00 2,962,455.98 1,163,000.00 1,335,209.63 909,000.00 137,746,523.95 161,067,462.39 27,468, 655. 76 5,772, 537. 50 10,386, 602. 83 3,742 246. 86 7,192', 521.87 7 ^'~ 305. 64 5)549, 055. 84 7,446, 117.19 615; 549. 36 5,595, 253. 37 980, 628. 45 25,492, 613. 45 6,778, 385. 33 25,401, 908. 40 6,047; 006. 85 9,695, 661. 75 3,327 445.18 9,360; 646. 69 11,059, 6,741,,938.93 8,291,,895.77 478,, 319.14 4,439,1,879.08 1,677.01 29,365,165.05 2,168,124.82 3,110,524. 05 1,192,883.09 845,778.58 22,570.70 23,701.12 1,130.42 193,762.35 473,994.67 797,954.46 473,994.67 604,202.11 837,557.30 1,171,822.26 81,070.77 1,011,252.13 294,038.29 44,075.41 i73,694.83 125,202.88 1,503,534.15 $85,726.68 100,977.88 20,700.42 1,425,698.34 27,678.27 59,994.21 8,"768."8i' 1,627,246.35 254,000.00 26,220,118.00 2,899,179.56 NAVAL ESTABLISHMENT. Increase of the navy Bureau of Yards and Docks Bureau of Equipment , 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 Pay of the navy , General account of advances , Judgments Court of Claims and United States courts Relief of sufferers from earthquake in Italy , Miscellaneous items , Special funds: Naval hospital fund Clothing and small-stores fund Ordnance material (piroceeds of sales). Trust funds: Pay, Marine Corps, deposit fund Pay of the navy, deposit fund , Prize money , 3,417.40 754,420. 95 3, on. 97 Total Deduct repayments in excess of expenditures 118,037,097.15 Total Naval Establishment. 6,136. 35 466,634.95 3,120.79 2,066,747.36 274,469. 35 3,872,55L60 690,94L08 414,801.68 137,230.22 1,155,374.29 140,951.44 6,778,385.33 877,783.97 36,995.36 2,718.95 287,786.00 118,170,28L71 12,720,181.29 2,624,270.62 2,624,270.62 118,037,097.15 115,546, OIL 09 10,095,910.67 855,686.58 2,163,390.35 536,751.24 1,416,445.59 84,545.90 4,115,540.32 2,908,498.06 2,498,897.71 927, 902.43 1,282, 126.46 669: 509. 66 1,674; 341.95 69, 279.31 3,68i; 704.89 3,879, 307.68 3,710, 445.73 970,809.62 1,211,648.02 14,679,755.75 15,694,618.11 2,445,228.27 12,586,996.73 12,586,996.73 INDIAN SERVICE. Current and contingent expenses FulfiUing treaty stipulations Miscellaneous supports Interest on Indian trust fund accounts... Incidental expenses of Indian Service Support of Indian schools Miscellaneous expenses Trust funds Total Indian Service. 72,215.85 32,758.42 157,896.36 881,263.89 15,266.69 433,835.43 1,330,366.91 SECRETARY OF T H E TREASURY. 25 COMPARISON OF DISBURSEMENTS, FISCAL Y E A R S 1908 AND 1909—Continued. Pensions Interest on the public debt 1908. 1909. Increase. $153,892,467.01 21,426,138.21 $161,710,367.26 21,803,836.46 $7,817,900.24 377,698.26 73,211,043.76 Decrease. 662,324,444.77 38,093,929.04 31,419,442.41 PubUc debt: National-bank note fund Certificates of indebtedness Funded loan of 1907 Miscellaneous redemptions 39,535,156.60 1,250,000.00 33,060,600.00 46,150.00 89,662,083.00 14,186,500.00 1,208,200.00 39,987.00 50,026,926.50 12,936,600.00 73,^91,906.50 104,996,770.00 62,963,426.50 31,868,563.00 733,088,226.18 798,740,667.18 104,315,907.26 38,663,476.26 191,478,663.41 203,562,383.07 Ordinary disbursements Public debt disbursements Total disbursements, exclusive of postal -. Postal Service a 8 621,102,390.64 Panama Canal disbursements , •6,674,486.63 , , 31,852,400.00 6,163.00 12,083,719.66 Total disbursements, including pos924,566,889.59 1,002,303,040.25 116,399,626.92 tal 38,663,476.26 a Exclusive of grants from the Treasury for deficiencies in postal revenues, for 1908, $12,888,040.94, and for 1909, $19,501,062.37, included in expenses of civil establishment, page 22. Fiscal year 1910. The ordinary receipts of the Government for the current fiscal year are estimated upon the basis of existing laws as follows: From From From From customs internal revenue, ordinary corporation t a x miscellaneous sources _ 1335,000,000.00 253, 000, 000. 00 15, 000, 000. 00 45,000, 000. 00 Total estimated ordinary receipts $648, 000, 000. 00 The ordinary disbursements for the same period are estimated as follows: For t h e civil establishment For postal deficiency For t h e W a r Department F o r t h e Navy Department For t h e I n d i a n service Forpensions For interest on the p u b h c debt $175,000,000. 00 16,880,620.12 165, 000,000. 00 125,000,000.00 17,000,000.00 161,000,000.00 22,195, 000. 00 Total estimated ordinary disbursements Or a deficit in ordinary receipts of • For P a n a m a Canal disbursements For miscellaneous redemptions of t h e public debt A total deficit of 682, 075, 620.12 34,075,620.12 38, 000, 000. 00 1,000, 000,00 73,075,620.12 26 REPORT ON THE FINANCES. Transactions in deposits and redemptions for the national-bank note redemption account, act of J u l y 14, 1890, are excluded from the estimates, no excess of redemptions over deposits for retirement of the notes being anticipated: Postal service: Estimated postal revenues for the current year „ $217,811,749.88 Estimated expenditures for the postal service, payable from said revenues except any excess over the revenues 234, 692,370.00 Showing a deficiency in the postal revenues payable by law from the General Treasury and included in the foregoing estimates for ordinary disbursements ^ 16, 880,620.12 Fiscal year 1911, I t is estimated that upon the basis of existing laws the ordinary receipts for the fiscal year 1911 will be— From From From From customs ' internal revenue, ordinary corporation tax miscellaneous sources • $345,000,000.00 255,000,000.00 \ 25,000,000.00 47,000,000.00 Total estimated ordinary receipts 672,000. 000.00 The estimates of appropriations for the fiscal 37ear 1911, as submitted by the Executive Departments and offices, are as follows: Legislative establishment Executive establishment— Executive proper Departmentof State Treasury Department War Department Navy Department. Department of Interior Post-Office Department Department of Agriculture Department of Commerce and Labor Department of Justice Territorial governments Judicial establishment Foreign intercourse Military establishment Naval estabhshment Indian affairs Pensions Public works— Legislative Treasury Department $7,093,201.00 $472,270. 00 299,720.00 11, 220,515. 00 2,272,908.00 841,500.00 5, 044, 745.00 1, 695, 690. 00 13,377,136. 00 3,431, 330.00 525, 740.00 266, 850. 00 : \ 1 7,000.00 7,028,365.60 39,448,404. 00 1,072,600.00 4,133,581.41 95, 605,147. 92 108,106, 264. 38 8,988,262.90 155, 858,000. 00 SECRETARY OF T H E TREASURY. Public works—Continued. War Department Navy Department Department of Interior Department of Commerce and Labor Department of Justice . . 27 $39,983,392.38 o 5,957,150.00 246,000.00 223,200. 00 275,000.00 $53,720,107.98 Miscellaneous— Legislative i.. Treasury Department War Department Departmentof Interior Department of Commerce and Labor Department of Justice >.. District of Columbia : Smithsonian Institution and National Museum : Interstate Commerce Commission Postal deficiency Permanent annual appropriations— Interest on the public debt Refunds—customs, internal revenue, etc Collecting revenue from customs Miscellaneous, exclusive of sinking fund and national-bank note redemption account 6,009,478.70 20,383, 725. 00 6,700,072.98 4,509,175.00 9,935, 383. 00 7,502, 800. 00 11,180,628.49 974,000.00 1,370,000. 00 68,565, 263.17 10,634,122.63 22,195,000.00 19,144,300.00 5,500,000.00 23,160,295.12 69,999,595.12 623,224, 550. 51 Add estimated naval appropriations for new ships for expenditure . t h e first year, received from t h e Secretary of the Navy after completion of the Book of Estimates and to be separately transmitted to Congress 12,844,122.00 Total estimated ordinary appropriations, excluding postal service payable from „ t h e postal revenues, but including the postal deficiency 636,068,672.51 T h e Panama Canal appropriations to be met by sales of bonds are estiraated at „ 48,063,524.70 Total estimated appropriations for 1911 A surplus of ordinary receipts over ordinary appropriations of A deficit, including Panama Canal appropriations of 684,132,197.21 35, 931, 327. 49, 12,132,197. 21 Postal service: The postal revenues for t h e year 1911 are estimated at 233, 058,572. 37 And the appropriations for the postal service, payable from said revenues, except deficiencies therein, are submitted a t . . 243, 692,695.00 Showing a deficiency in the postal revenues, payable by law from the General Treasury and included in the foregoing estimates for t h e year 1911, of '...„ 10,634,122.63 28 REPORT ON T H I ; FINANCES. Comparison of the estimates for 1911 with the appropriations for 1910 shows a decrease in the 1911 estimates of $42,818,969.19, as exhibited in the tables following. STATEMENT OF ESTIMATES OP APPROPRIATIONS A P P R O P R I A T I O N S FOR FOR 1911 DECREASED UNDER 1910. [Excluding sinking fund, national-bank note redemption account, and postal service payable from the postal revenues.] Departments, etc. 1911 estimates, 1910 appropria- Decrease in Increase in includiug tions, Including 1911 estimates 1911 estimates permanentunder 1910 permanent over 1910 appropriations. appropriations. annual. annual. Legislative. .. Executive Department of State . Treasury Department ' Territorial governments *. Independent offices District of Columbia War Department . . Navy Department Departme.nt of the Interior Post-Office Department proper Deficiencv in the postal revenues Department of Agriculture Department of Commerce and Labor. Department of Justice $13,169.679.70 472,270.00 4,576,301.41 76,063,605.60 287,350.00 2,400,695.12 11,884,928.49 152,398,121.28 129,874,036.38 191,224,182. 90 1,695,690.00 10,634,122.63 17,681,136.00 14,187,913.00 9,518,640.00 m , 241,339.00 459,435.00 4,358, 684.73 89,844,059.59 192,600.00 2,172,082.52 11,526,581.49 163,963,939.48 140,840,879.05 198,958,928.20 1,702, 928.86 16,880,620.12 17,202,274.15 22,494,803.69 9,474,010.52 Ordinary 636,068,672.51 693,313,166.40 48,063,524.70 33,638,666.66 684,132,197.21 726,951,166.40 Net decrease in ordinary Panama Canal Total Total net decrease mi, 659.30 13,780,453.99 ,11,565,818.20 10,966,842.67 7,734,745. 30 7,238.86 6,246,497.49 8,306,890.69 58,680,146.50 57,244,493.89 67,244,493.89 42,818,969.19 $12,835.00 217,616.68 94,750.00 228,612.60 358,347.00 478,861 85 44 629 48 1,435 652.61 14,425,524.70 14,425, 524. 70 N O T E . — T h e above estimates for 1911 for t h e Navy Department, $129,874,036.38, contain an estimate of $12,844,122 for new ships for t h e Navy, received from t h e Secretary of t h e Navy after t h e completion of t h e Book of Estimates, a n d therefore not included therein, b u t to be separately transmitted to t h e Congress. Last year t h e Naval building program was not included in t h e estimates submitted to t h e Congress. Excluding, therefore, t h e Navy program for new building construction for both years, t h e estimates are as follows: Total estimates for 1910 Total estimates for 1911 Decrease in 1911 estimates $765,289,568.13 671,288,075.21 94,001,492.92 SECRETARY OF T H E TREASURY. 29. Exhibit of appropriations f o r 1910, Total appropriations for 1910, including estimated permanent annual appropriations and deficiencies for prior years $1,044,658,622.64 Deduct appropriations made for the postal service for 1910, $234,692,370, and deficiencies made therefor foroprior years, $1,453,493.86, which are payable fromthe postal revenues, exept any excess of expenditures over the revenues > 236,145,863. 86 808, 512, 758. 78 Add— Deficiency in the postal revenues for 1910, payable by law from the General Treasury, estimated at , Appropriations made by the 1st session, 61st Congress, for the Thirteenth Census and miscellaneous objects 16, 880,620.12 10,200,000.00 835,593,378.90 Deduct— Sinking fund, national-bank note fund—redemption account, and deficiencies for prior years Total Agreeing with the appropriations for 1910 shown in the preced. ing table, against which the estimates of appropriations submitted for 1911 show a decrease of $42,818,969.19. 108,642,212.50 726,951,166.40 I respectfully call your attention to the two further divisions of this report, to wit: The condensed annual reports of the various bureaus and divisions of the Treasury Department, and the tables accompanying the report on the finances. FRANKLIN MACVEAGH, Secretary, To the SPEAKER OF THE HOUSE OF REPRESENTATIVES. ABSTRACTS OF REPORTS OF BUREAUS AND DIVISIONS. 31 ABSTEACTS OE EEPOETS OF BUEEAUS AHD DIVISIOITS. The following is a summary of the reports of bureaus and divisions of the Treasury Department for the fiscal year ended June 30, 1909, with the exception that the figures in relation to public moneys and loans and currency are brought to November 1: TREASURER OF T H E U N I T E D STATES. The conditions that confronted the Treasury during the last fiscal year were largely increased expenditures, and revenues that were but little in excess of those received in the fiscal year 1908, when there was a deficit on ordinary transactions. The governmental activities have increased the disbursements diiring the past two years without adequate provision having been made for a corresponding income. The deficit thus created was paid from the general fund in the Treasury, accumulated in previous years, and it has resulted in the depletion of the greater part of the available cash in that fund. The ordinary revenues, by warrants, and adjustments for moneys received but not covered by warrants in the year, were $603,589,489.84, an increase of $2,528,766.57 over those of 1908, while the ordinary expenditures were $662,324,444.77, an increase of $41,222,054.13, as shown by similar comparison. The net result of ordinary transactions was a deficit of $58,734,954.93. The receipts from proceeds of United States bonds sold during the fiscal year 1909, to be used in the construction of the Panama Canal, were $30,731,008.21, while the disbursements on the canal amounted to $31,419,442.41, or an excess of disbursements over receipts of $688,434.20, which was advanced from the general fund in the Treasury. Under the act of August 5, 1909, provision was made to reimburse the Treasury for all expenditures on the canal not covered by previous issues of bonds. The total amount expended on the purchase and construction of the canal to the close of the fiscal year 1909 was $170,184,668.70, of which $87,309,594.83 was from proceeds of sales of bonds. The balance of $82,875,073.87 was advanced from the general fund in the Treasury and is reimbursable from proceeds of bonds not yet sold. The cash receipts on account of the public debt (exclusive of Panama Canal loan) were wholly deposits of lawful money for the retirement of national-bank notes, and amounted to $45,624,239.50; 13518—FI 1909 3 33 34 ^ REPORT ON T H E FINANCES. $89,562,083 was disbursed for national-bank notes canceled and retired, leaving a net payment from the Treasury, on account of banknote retirements, of $43,937,843.50. I n addition, there was disbursed $15,434,687 on account of principal of matured loans and fractional currency, a total disbursement for the public debt of $104,996,770, and a total excess o l disbursements, therefore, of $59,372,530.50. The interest-bearing debt on June 30, 1909, was $913,317,490, and the interest charge thereon $21,275,602.40. I n previous years it was deemed advisable to restore accumulating revenues in the Treasury to the channels of trade by making direct deposits thereof in national banks; consequently, with the growth in disbursements in later years, not equaled by the income, such deposits have been gradually recalled to the Treasury as needed. The balance in depositary banks to the credit of the general fund at the beginning of the last fiscal year was $149,004,924.29. Calls for the return of deposits to the Treasury were made as follows: July 2, 1908, $33,403,120; November 18, 1908, $4,864,750; January 11, 1909, $24,716,760; February 4, 1909, $28,478,000, and June 30, 1909, $24,954,900. The total amount of these calls had not been paid by the close of the fiscal year, but the balance in banks to the credit of the general fund had been reduced to $60,427,525.69. The trust funds, amounting to $1,341,380,869, were $39,125,000 greater at the close of the fiscal year than twelve months earlier, by reason of an increase of $29,828,000 in gold certificates, $10,064,000 in silver certificates, and a decrease of $767,000 in Treasury notes of 1890. The amount of national-bank notes presented for redemption was $461,522,202, equal to 67.80 per cent of the average amount of such notes outstanding during the year. Compared with 1908, the sum is $111,887,861, or 32 per cent larger, and it is the maximum presented in any year in the history of such redemptions. The expenses incurred for such redemptions were $396,743.15, which has been assessed on the banks at the rate of $0.79762 per $1,000 of notes redeemed. The nionetary stock aggregated $3,406,328,354 at the close of the fiscal year 1909, an increase of $27,564,334 as compared with that of twelve months earlier. The growth in gold was $23,908,507, and in silver $12,836,670, while there was a decrease of $8,413,843 in nationalbank notes and of $767,000 in Treasury notes of 1890. The money in circulation on June 30, 1909, amounted to $3,106,240,657, a per capita of $34.93. The percentage of gold to total circulation was 45.53. The notes and certificates of United States paper currency issued during the fiscal year numbered 202,746,192 pieces, of the total value of $764,510,000. The redemptions were 194,507,569 pieces, of the value of $722,395,000. The average cost of each piece of United SECRETARY OF THE TREASURY. 35 States paper currency issued and redeemed is about 1.571 cents, and the annual cost of maintenance of the currency issued by the National Government averages about one-fifth of 1 per cent of the amount outstanding. The United States bonds pledged to secure circulation amounted to $660,753,070 on June 30, 1909, an increase of $32,580,940 during the fiscal year. United States bonds and other securities, amounting to $81,244,071.10, were held to secure public deposits in national banks. The United States bonds pledged to secure circulation and deposits on June 30,1909, were equal to 78 per cent of the total amount of such bonds outstanding. On July 1, 1907, the silver dollars in circulation amounted to $81,694,518; on July 1, 1908, $76,354,933; and on July 1,. 1909, $71,990,679. However, the accumulation of this coin in the Treasury is not in excess of the amount that can be utilized for the issue of silver certificates of the smaller denominations for which there is great demand. The amount of subsidiary silver coin shipped to depositors therefor at government expense for transportation during the last fiscal year was $36,058,567.75. The average rate for transportation was $2.90 per $1,000 (a large increase, because one-half of the appropriation was used in transporting said coin by registered mail by direction of Congress). The redemptions from the reserve fund during the year were as follows: United States notes, $19,984,536, and Treasury notes, $31,405. The redeemed notes were immediately restored to the. general fund in exchange for gold, and the reserve was thus maintained at the amount fixed by law. The receipts of moneys for redemption and exchange during the last fiscal year were $1,343,787,588, as against $1,338,405,106 in 1908. The Treasury holdings of gold at the close of the fiscal year 1909 aggregated $1,042,704,301.02, of which $975,569,205.62 was in coin, and set apart for the respective uses it was held on the following accounts: Eeserve fund, $150,000,000; trust funds (for the redemption of gold certificates in actual circulation), $815,005,449; and in general fund (belonging to Treasury), $77,698,852.02. The available balance in the Treasury at the close of the fiscal year 1909 was $126,375,428.10, a decrease of $118,795,919.63 as compared with that of 1908. District of Columhia, The net expenditures on account of the District of Columbia for the fiscal year 1909, by warrants paid, were $14,776,541.76. The net revenues deposited in the Treasury, by warrant, on this account for the same period, were $7,323,538.10. 36 REPORT ON T H E FINANCES. The amount of the funded debt retired during the year was $491,300, reducing the annual interest charge by $17,833.90. Since the close of the fiscal year, the debt has been further reduced by the purchase of $446,350 3.65 per cent bonds, leaving outstanding on October 1, $9,667,800 in bonds bearing 3.65 per cent interest. The total issue of 3.65 per cent bonds is limited by law to $15,000,000, and of this sum $14,997,300 has now been issued. At the close of the fiscal year 1909, the 10 per cent guaranty fund retained from District of Columbia contractors amounted to $249,326.56,' and is represented by $151,480 in bonds purchased at the request and risk of contractors, and $86,057.84 uninvested cash. Detailed information in regard to the affairs of the District of Columbia will be found in the reports of the District Commissioners and the Treasurer of the United States, ex officio commissioner of the sinking fund of the District of Columbia. COMPTROLLER OF T H E CURRENCY. During the fiscal year ended June 30, 1909, national banking associations to the number of 292, with authorized capital of $17,184,000, were chartered, of which 72 were conversions of state banks, 69 reorganizations of state and private banks, and 151 banks of primary organization. During the year, banks to the number of 164 were closed, of which 150, with capital of $11,300,000, were placed in voluntary liquidation by authority of the stockholders. I n this class was one bank the charter of which expired by limitation. From July 1,1908, to June 30, 1909, 21 banks, with aggregate capital of $2,228,500, were placed in charge of receivers. The nominal value of the assets of these banks at the date of closing aggregated $12,459,931, and their liabilities to depositors and other creditors $7,611,283. Seven of the banks in the charge of receivers, their capital being $400,000, were permitted to resume business, their affairs having been placed in a condition to warrant the discharge of the receivers and the resumption of business. The assets of these banks amounted to $3,097,358, and their liabilities to depositors and other creditors $2,209,717. I t ordinarily requires about four years to liquidate the affairs of an insolvent national bank, but of the associations closed in the year the affairs of two have been settled, the creditors having been paid dividends covering their claims in full, principal and interest ; one trust has paid 85 per cent, two 75 per cent, six from 20 to 55 per cent, and three have paid nothing so far. Banks placed in voluntary liquidation to the number of 150, heretofore indicated, were closed generally for the purpose of reorganizing or transferring their business to state institutions, this being the case notably in Oklahoma. The records of the office of the Comptroller show that 91 liquidating banks were absorbed or reorganized SECRETARY OF T H E TREASURY. 37 as state banks, 35 absorbed by other national banks, 1 reorganized as a national banking association, and 23 liquidated to discontinue business. Between March 14, 1900, and Juiy 1 of the current year charters were granted to 4,202 national banking associations, their authorized capital stock being $254,058,300. Of the total number of banks chartered during this period, 2,701 were organized under authority of the act of March 14, 1900, and with capital stock of $70,355,500. The large majority of these banks were incorporated with the minimum amount of capital authorized, namely, $25,000, but the number organized with a greater amount, but less than $50,000, raised the average to approximately $26,000. The remaining banks chartered in this period were organized under the act of 1864, the number being 1,501, the authorized capital being $183,702,800. Further classifying these banks, it appears that 565, with capital of $40,410,800, were conversions of state banks; 1,321, with capital of $86,372,000, reorganizations of state and private banks; 2,316, with capital of $127,275,500, were banks of primary organization. Practically one-half of the authorized capital of all banks organized since March 14, 1900, is that of the converted and reorganized state and private banks. The act of February 25, 1863, was repealed and reenacted with material amendments on June 3, 1864, and on July 12, 1870, the act was passed authorizing the organization of gold banks—that is, banks the redemption of the circulation of which was specifically provided for in gold. The only subsequent legislation in relation to the organization of national banking associations was the act of March 14, 1900, permitting the incorporation of associations with a minimum capital of $25,000, authorizing the issue of circulation to the par value of the bonds deposited, and reducing the tax on circulating notes when secured by bonds bearing interest at the rate of 2 per cent. Under these various acts charters have been issued to 9,466 associations, of Avhich 456 were issued under the act of 1863, 6,299 under the act of 1864, 10 under the act of 1870, and 2,701 under the act of 1900. On June 30, 1909, there were in active operation 6,955 national banking associations, with authorized capital bf $947,726,775. Banks to the number of 2,028 have been closed by voluntary liquidation, including those closed as a result of expiration of charter, and 483 failed and were placed in charge of receivers. The number of failuries is only approximately 5 per cent of the total number of banks chartered. As will be noted by reference to tables hereinafter submitted, the riumber of national banks in operation increased from 3,617 on March 14,1900, to 6,955 at the close of the current fiscal year, the net increase being 3,338. The capital of these banks rose from $616,308,095 to 38 REPORT ON T H E FINANCES. $947,726,775, or an increase of $331,418,680. The total amount of national-bank circulation outstanding on the date first named was $254,402,730, of which $216,374,795 was secured by bonds on deposit with the Treasurer in trust, and $38,027,935 by lawful money deposited with the Treasurer by banks reducing their circulation, those placed in voluntary liquidation, and on account of insolvent associations. On June 30, 1909, the total circulation was $689,920,074, or an increase of $435,517,344 since 1900. Circulation secured by bonds had increased to $659,673,408, or an increase of $443,298,613 during this nine-year period. Circulation secured by bonds and lawful money reached its maximum on July 11, 1908, when it amounted to $700,516,665, but the maximum outstanding on the security of bonds was reached on June 30, 1909, the amount being $659,673,408. Comparing the national-bank circulation statement at the close of the current fiscal year with the statement for the year ended July 1, 1908, it appears that the bond-secured circulation increased from $623,250,517 to $659,673,408, or an increase of $36,422,891. The amount of outstanding circulation secured by lawful money on July 1, 1908, was $75,083,400, and on July 1, 1909, was only $30,246,666, or a decrease of $44,836,734, resulting in a net decrease during this period of circulation secured by bonds and lawful money of $8,413,843. The increase in number and capital of national banks organized since March 14, 1900, by States and geographical divisions, together with the number and paid-in capital stock of national banks on June 23, 1909, appear in the table following: SUMMARY BY STATES, GEOGRAPHICAL B A N K S ORGANIZED FROM MARCH 14, DIVISIONS, 1900, AND CLASSES TO J U N E 30, CAPITAL STOCK OF ALL REPORTING B A N K S ON J U N E 23, Capital over $25,000 a n d less t h a n $50,000. C a p i t a l $25,000. states, etc. No. Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut Total New Engl a n d States New York New Jersey Pennsylvania Delaware Maryland D i s t r i c t of C o l u m b i a Total E a s t e r n States C a p i t a l . No. 3 $75,000 3 . 75,000 125,000 5 25,000 1 4 100,000 -16 Capital. o 1 $30,000 1909, OF Capital. 6 2 1 16 1 4 $335,000 200,000 100,000 4,050,000 500,000 200,000 30 5,385,000 400,000 1 30,000 76 1,900,000 46 1,150,000 189 4,725,000 6 150,000 26 650,000 8 7 22 3 5 247,500 210,000 732,000 95,000 172,000 81 15,720,000 32 2,410,000 209 23,030,000 843 8,575,000 45 1,456,500 336 42,940,000 11 3 930,000 850,000 PAID-IN 1909. C a p i t a l $50,000 T o t a l o r g a n i a n d over. . zations. No NATIONAL AND T H E No. Capital. National banks in operation J u n e 23, 1909. No. Capital paid in. 9 6 6 17 1 8 $410,000 305,000 225,000 4,075,000 600,000 800,000 77 $9,051,000 57 5,435,000 50 5,460,000 197 55,264,990 6,700,250 20 255 050 47 5,815,000 484 102,166,290 165 17,867,500 85 3,770,000 420 28,487,000 9 245,000 42 1,752,000 3 850,000 435 161,227,458 184 20 554 500 793 113,908,368 27 2,348,985 104 17,705,400 11 5,552,000 ll 724 52,971,500 1,554 321,296,711 39 SECEETAEY OF T H E TEEASUEY. SUMMARY BY STATES, GEOGRAPHICAL DIVISIONS, AND CLASSES OF NATIONAT. B A N K S ORGANIZED FROM M A R C H 14, 1900, TO J U N E 30, 1909, AND T H E P A I D - I N CAPITAL STOCK OF ALL REPORTING B A N K S ON J U N E 23, 1909—Continued. C a p i t a l $25,000, States, e t c . No. Virginia West V i r g i n i a North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas Arkansas Kentucky Tennessee Total Southern States Ohio Indiana Illinois Michigan Wisconsin Minnesota Iowa Missouri 43| $1,075,000 27 675,000 201 500,000 7 175,000 22 550,000 6 • 150,000 625,000 25 125,000 11 275,000 207 5,175,000 17 425,000 48 1,200,000 22 550,000 Total Western States Washington. Oregon California... Idaho Utah... Nevada Arizona Alaska Total P a c i f i c States Capital. $321,000 355,000 130,000 ""546," 656 125,000 304,500 30,000 30,000 2,541,000 30,000 190,000 150,000 Total organizations. Capital. ,$3,220,000 2,805,000 24 2,310,000 14 1,685,000 42 3,950,000 19 3,450,000 31 2,625,000 18 1,765,000 17 8,210,000 125 12,200,000 21 1,770,000 29 4,820,000 26 2,460,000' Capital. 71 48| 21 801 29 66 24 29 412 National banks in operation J u n e 23,1909. Capital paid in. No. $4,616,000 $13, 278,350 3,835, OOb 201,000 2,940,000 70 910,000 1,860,000 33 574,960 5,040,000 102 581,500 3,725,000 39 130,000 3,554,500 75| 397,000 1,920,000 31 460,000 3,515,000 351 495,000 213,300 19,916,000 526 080,000 43 2,225,000 330,900 6,210,000 149 290,000 3,160,000 460 11,500,000 147 4,746,500 433 46,270,0001,040 62,516,500 1,401 143,942,010 96 2,400,000 82 2,050,000 143 3,575,000 225,000 34 850,000 169 4,225,000 101 2,525,000 32 800,000 Total M i d d l e Western States North Dakota. South Dakota. Nebraska Kansas Montana Wyoming Colorado New Mexico .. Oklahoma Capital. Capital over $26,000 a n d C a p i t a l $50,000 a n d over. less tha.n $50,000. 698,000 483,000 553,500 65,000 125,000 471,000 630,000 885,000 la, 650,000 100 3,310,500 107 63 86 87 16 2,675,000 1,575,000 2,150,000 2,175,000 400,000 111 275,000 44 1,100,000 23' 575,000 254 6,350,000 215,000 90,000 475,000 210,000 100,000 801,000 125,000 675,000 691 17,275,000 66 2,191,000 750,000 725,000 1,425,000 600,000 160,000 76,000 100,000 70,000 26,000 130,000 60,000 80,000 153 8,825,000 846,000 Hawaii Porto R i c o . T o t a l i s l a n d possessions , 80,000 1961 157, 283 34 64[ 2131 174 79 14,873,000 8,983,000 15,963,500 4,830,000 4,225,000 9,196,000 6,425.000 12,270,000 872 252 419 97 129 268 320 126 61,334,100 26,874,275 56,691,260 14,990,000 16,055,000 21,516,000 20,672,500 33,302,500 56,805,000'1,150 76,766,500 250,236,625 3,290,000 2,215,000 4,510,000 4,635,000 1,460,000 826,000 3,951,000 1,225,000 9,730,000 760,000 656,000 806,000 192,500 282,600 585,000 270,000 020,000 780,000 400,000 550,000 1,885,000 2,250,000 960,000 550,000 2,550, OOOI 525, OOOi 2,705,000 12,375,000 121 77 128 122 29 21 85 36 813 932 31,841,000 1,116 61,300,100 1,595,000' 64 2,415,000 1, 860,000 49 2,111,000 18,662,800 131 15,217,800 710,000 38 1,370,000 11 526,000 705,000 11 1,250,000 1,175,000 200,000 330,000 1 50,000 50,000 72| '71 151 43| 20| 111 13 2 8,847,500 5,056,000 36„292,800 2,290,000 2,180,000 1,807,000 780,000 100,000 140 19,277,800 28,448,800 383 57,868,800 60,000 650,000 100,000 600,000 100,000 610,000 100,000 50,000 650,000 700,000 710,000 Total U n i t e d States 2,331 58,276,000 370 12,080,500 11,875,000 6,450,000 11,835,000 4,640,000 8,250,000 4,500,000 3.270,000 11,085,000 183,702,800 4,202 ,254,068,300 6,926 987,004,086 40 REPORT Oisr T H E FINANCES. The number and capital of state banks converted, reorganized banks, and banks of primary organization since March 14, 1900, classified by capital stock, are shown in the following table: SUMMARY, BY CLASSES, OF NATIONAL B A N K S ORGANIZED FROM MARCH 14, TO J U N E 30, 1909. Conversions. Reorganization. Primary organization. 1900, Total. Classification. No. Capital less than $50.000 Capital $50,000 or over Total : Capital. No. Capital. No. Capital. No. Capital. 832 $22,037,000 1,631 $39,875,500 2,701 $70,355,500 489 64,335,000 785 87,900,000 1,501 188,702,800 665 40,410,800 1,321 86,872,000 2,316 127,275,500 4,202 254,058,300 338 $8,943,000 227 31,467,800 The number of banks and the bond and circulation accounts on March 14, 1900, and June 30, 1909, together with the increase between those periods, are shown in the accompanying table: Number of banks Authorized capital Bonds on deposit Circulation on bonds Circulation, lawful money Total circulation Mar. 14,1900. June 30,1909. Increase. 3,617 6,955 $616,308,095 $947,726,775 244,611,570 660, 689,070 216,374,796 659,678,408 38,027, 935 30,246,666 264,402,730 689,920,074 3,388 $881,418,680 416,077,500 443,298,613 0 7,781,269 435,517,344 « Decrease. The gross resources of national banking associations reached their maximum prior to the panic of 1907, on May 20 of that year, when they aggregated $8,476,501,434, and this amount was not equaled until May 14,1908, when they reached $8,594,622,697. From the latter date to June 23, 1909, there was a gradual increase, the maximum being reached on the latter date, and is then shown to have been $9,471,732,663, an increase of $757,668,263 since July 15, 1908. The principal increases in the resources of the banks during the past year are the following: Loans and discounts from $4,615,675,531 to $5,035,883,516, an increase of $420,207,985; United States bonds, including those held as security for circulation, public deposits, and amount on hand, from $716,348,490 to $729,657,330, an increase of $13,308,840; other bonds, securities, etc., from $840,115,350 to $903,863,266, an increase of $63,747,916; lawful money—that is, specie and legal tenders—from $849,018,750 to $885,915,771, the increase being $36,897,021. As a result of the legislation of June 22, 1906, amending section 5200 of the Eevised Statutes to the extent of increasing the limit of loans from 10 per cent of the capital to 10 per cent of the capital and SECRETARY OF THE TREASURY. 41 * surplus, but the aggregate not to exceed 30 per cent of the capital, the surplus funds of national banks have steadily increased, the amount on June 18, 1906, being $448,858,491, and on June 23, 1909, $590,837,706. The paid-in capital of the national banks on the latter date was $937,004,036; circulation outstanding, $641,312,282, and individual deposits, $4,898,576,696. Compared with the returns on the approximately corresponding date in 1908, it appears that the capital has increased to the extent of $17,903,186, surplus and other profits, $58,369,234; circulation, $27,648,319, and individual deposits, $524,025,487. The net deposits, on which reserve was required, on June 23 last were $6,074,509,161, against which the banks carried an aggregate legal reserve of $1,358,750,753, or 22.37 per cent. The composition of the reserve is as follows: Specie, $694,141,010, of which 78 per cent was gold, $191,774,761 legal tenders, $31,502,052 redemption fund with the Treasurer of the United States, and $441,332,930 net funds available with reserve agents. The total amount of cash in bank, due from reserve agents, and in redemption fund was $1,637,616,037, or approximately 27 per cent of the deposits on which reserve was required. The average net reserve held by national banks in central reserve cities—^that is. New York, Chicago, and St. Louis—was 26.82 per cent, in other reserve cities 26.28 per cent, and in all reserve cities 26.54 per ceiit. While the banks outside of reserve cities are required to maintain a reserve of 15 per cent, the average for the country at large on the date in question was 17.34 per cent, and including excessive credits with reserve agents, not counted as reserve, the percentage was 25.09. M I N T SERVICE. The value of the original deposits at the several mints and assay offices of the United States during the fiscal year ended June 30,1909, amounted, in the aggregate, to $142,124,941.59. There was also deposited uncurrent domestic gold coin of the coining value of $3,432,288.62. The deposits of silver bullion at these institutions contained 18,027,877.82 standard ounces. Coinage, The domestic coinage executed at the mints in Philadelphia, San Francisco, Denver, and New Orleans during the fiscal year 1909 aggregated 130,277,522 pieces, of the value of $120,399,953.35, consisting of $108,180,092.50 in gold, $11,093,810 in subsidiary silver, and $1,126,050.85 in minor coin. Of the latter, a small amount was made at the San Francisco mint. This is the first coinage of this character executed at any other than the Philadelphia mint. 42 REPORT ON THE FINANCES. Of the subsidiary silver coinage made during the year, $1,407,000 was from bullion resulting from the melting of uncurrent coin transferred for recoinage; the balance, $9,686,810, was from purchased bullion. I n addition to the domestic coinage executed, the mint at San Francisco coined for the Government of the Philippine Islands 18,083,944 pieces in silver, of the value of 15,407,944 pesos, and bronze 1-centavo pieces, having a value of 39,246.12 pesos. There were also coin§.d at this mint 693,170 peso pieces in silver for the Government of San Salvador. Profits on silver and minor coinage. The profit on the coinage of subsidiary silver during the year was $5,800,917.80, and the profit on the minor coinage amounted to $846,978.81, all of which has been duly accounted for and paid into the Treasury. Annical settlements. At the annual settlement of the mints at Philadelphia, San Francisco, New Orleans, and Denver, and the assay office at New York, at the close of the fiscal year, all the bullion and coin and other moneys on hand were weighed and counted and found to correspond with the balances called for by the books. Purchases of silver. There were purchased for the subsidiary silver coinage during the year 6,192,425.93 ounces of fine silver at a cost of $3,207,857.83, making the average price paid $0,518 per fine ounce. A large amount of subsidiary silver coin having accumulated in the Treasury, the purchase of silver bullion for this coinage, with the exception of that contained in gold deposits, bar fractions and charges on silver deposits, was discontinued in February last, and has not been resumed, the stock of coin on hand appearing to be ample to meet the requirements for some time to come. The total purchases of silver for the subsidiary silver coinage from July 1, 1906, to June 30, 1909, amounted to 34,663,800.68 fine ounces, costing $20,950,293.39. The balance of silver bullion on hand June 30, 1909, available for subsidiary silver coinage was 6,719,224 fine ounces, costing $4,211,356.53, the coining value in subsidiary silver coin of which is $9,288,480. Transfer of gold coin from San Frandsco, To reliev^e the crowded condition of the vaults of the San Francisco mint the bill making appropriations for the sundry civil expenses SECRETARY OF THE TEEASURY. 43 of the Government, approved May 27, 1908, contained an appropriation of $300,000 " to defray the expense of transporting money stored in the mint at San Francisco and receiving and storing the same elsewhere." Under this authority there were transferred from the mint at San Francisco to the mint at Denver $272,500,000 in gold coin, at a cost of $277,431.12. New York assay office. Pending the construction of a new building for the refinery of the New York assay office it is necessary to transfer at the expense of the Government all the crude bullion deposited at that office to the mint at Philadelphia, to be parted and refined. Under section 3545, Revised Statutes, the Secretary of the Treasury is required to keep in the assay office at New York an amount of public money or bullion procured for the purpose to enable payment to be made to depositors in coin or bars. I t is therefore necessary, in order to enable the superintendent of the assay office at New York to make payments for silver bullion deposited, to transfer.fine silver bars at the expense of the Government from the mint at Philadelphia to the assay office at New York. The deposits of gold and silver at this office are large, and at present the office is working under very great disadvantages, which will be the case until the completion of the new building for the refinery. Minor assay offices. Exclusive of the assay office at New York there are 8 assay offices at which gold bullion is deposited and the value of the same paid to depositors after determination by melt and assay. These offices are located as follows: Charlotte, N. C.; St, Louis, Mo.; Helena, Mont.; Boise, Idaho; Deadwood, S. Dak.; Seattle, Wash,; Carson, Nev,, and Salt Lake City, Utah. The bullion deposited at these institutions is transferred to the coinage mints at the expense of the Government, to be refined and converted into coin. The value of the deposits at these institutions for the fiscal year 1909 was $27,177,988.99. The cost of transporting the same to the coinage mints was $37,971.92. The salaries, wages, and contingent expenses of these offices for the fiscal year ended June 30, 1909, amounted to $124,638.51, and the earnings were $44,342.37. The total earnings of the mints and assay offices, including the profits on the subsidiary silver and minor coinage, were $7,263,861.04, and the expenditures were $1,727,471.06, making the net earnings $5,536,389.98. 44 REPORT ON THE FINANCES. The earnings, gains, and expenditures were as follows: Earnings and expenditures. The earnings and gains of the Mint service during the fiscal year 1909 were as follows: Charges for parting and refining $290,176. 82 Charges for aUoy 16, 725. 87 Charges for assaying and stamping 33, 84S. 02 Seigniorage on minor coinage : 843, 654. 47 Seigniorage on subsidiary coinage .: 5, 800,917.80 Seigniorage on recoinage of minor coins 3,324.34 Profits on medals and proof coins 4, 764. 51 Charges received for mounting, etc., medal-fund account 392. 87 Charges for the manufacture of medals, etc '. 8, 255. 47 Deposit melting-room grains and sweepings 32, 634. 76 Surplus bullion recovered by operative officers 34, 829.99 Gain on bullion shipped to mint for coinage 3, 334.04 Proceeds of sale of old material 913. 65 Receipts from special assays of bullion and ore'^ 3,397.00 Receipts for manufacturing appliances for government and other institutions i 4, 037. 36 Charges received for coinage for Philippine government and Salvador 181,442. 09 Gain on light-weight United States gold coin for recoinage 250. 71 Remnants of bullion returned by the assayer 919.92 Charges for treatment of deposit melting-room sweeps 41.35 Total earnings and gains 7, 263,861.04 The expenditures were as follows: Salaries of officers and clerks Wages of workmen and adjusters... Contingent expenses, less amount paid to reimburse wastage and loss on sweeps sold Parting and refining expenses, less amount paid to reimburse wastage and loss on sweeps sold Wastage of operative departments Wastage of operative departments, minor coinage operations Loss on sweeps sold^ during the year Expenses of distributing minor coins Expenses of medal fund (charges paid, mounting, etc.) Loss on recoinage of minor coin Loss on bullion shipped to mint for coinage — Wastage—Philippine minor coinage__^__ Total expenditures and loss $220,017.52 983,916.44 227,413.84 247,275.98 23,833.52 1,37^2.81 9, 263.95 2, 831. 66 385.50 10,666. 69 244. 62 248. 53 1,727,471.06 Assay office at Salt Lake City^ Utah. The act of May 30, 1908, provided for the establishment of an assay office at Salt Lake City, Utah, and appropriated the sum of $20,000 for salaries, wages, and contingent expenses, including rent SECRETARY OF THE TREASURY. 45 of building. Eooms were rented, the necessary equipment installed and the office, opened for the receipt of deposits of bullion in February, 1909. New design for the 1-cent piece, A new design for the 1-cent piece was adopted in 1909, and its coinage commenced in July last. The obverse of this coin bears the head of President Lincoln instead of the Indian head which has been on this coin since 1864. Annilal assay commission. The annual assay commission provided for by section 3547, Eevised Statutes, to test the fineness and weights of the coins of the calendar year 1908, reserved by the several mints for this purpose, met at the mint in Philadelphia, on the 10th of February, 1909, and after careful examination reported that the coins examined complied in all respects with the law as to fineness and weight. Medals. The mint at Philadelphia is now equipped with a complete plant of the most modern character for the manufacture of medals, and during the year made a large number of medals fpr tlie government departments at cost for the labor and materials employed, thus effecting a large saving. Production of gold and silver. I t is estimated that the mines of the United States produced, during the calendar year 1908, gold of the value of $94,560,000, while the amount consumed in the industrial arts during the year is estimated to have been $31,476,091, of which sum $14,754,945 were new material. The production of silver during the calendar year 1908 by the mines of the United States amounted to 52,440,800 fine ounces, of the commercial value of $28,050,600. Of this amount, it is estimated there were consumed in the industrial arts during the year 23,850,828 fine ounces. Of this amount, 20,411,098 fine ounces were new material. INTERNAL REVENUE. The receipts from internal-revenue taxes for the fiscal year 1909, as shown by collectors' reports, were $246,212,719.22, a net total decrease of $5,453,230.82 from the preceding fiscal year. All of this decrease was from distilled spirits, fermented liquors, oleomargarine, adulterated butter, process or renovated butter, banks, bankers, 46 REPORT ON T H E F I N A N C E S . etc., as follows: Distilled spirits, $5,290,773.03; fermented liquors, $2,351,205.39; oleomargarine, $52,107.65; adulterated butter, $5,086.60; process or renovated butter, $5,839.11; banks, bankers, etc., $100. The principal increase was from tobacco, which amounted to $2,024,423.78, and miscellaneous, which was $226,948.77. The total expenditures for the maintenance of the Internal Eevenue Service for the fiscal year 1909 were $4,973,782.37. The cost of collecting $1 of internal revenue was $0.02. The following table is a comparative statement of receipts during the last two fiscal years. A more detailed statement will be found in the Annual Eeport of the Commissioner of Internal Eevenue. RECEIPTS FROM INTERNAL REVENUE I N 1908 AND 1909, AS S H O W N BY COLLECTORS' REPORTS. Fiscal year ended— Object of taxation. Increase. • June 30, 1908. Distilled spirits . . . Manufactured tobacco Fermented liquors Oleomargarine Filled clieese Mixed flour Adulterated butter Process or renovated butter Banks, bankers, etc Miscellaneous • Total Decrease. June 30,1909. $140,168,807.15 $184,868,034.12 $6,290,773.03 49,862,754.26 51,887,178.04 $2,024,423.78 59,807,616.81 57,456,411.42 2,851,205.89 954,804.96 902,197.81 52,107.66 1,671.52 1,942.61 271.09 2,880.72 2,618.04 237.32 43,637.80 88,450.70 5,086.60 128,003.86 122,164. 76 6,839.11 100. 00 100.00 706,773.46 226,948.77 a 938,722.28 261,065,960.04 246,212,719.22 5,453,280.82 a Includes $502,252.58 from playing cards, $411,987.53 from penalties, and $19,482.12 from miscellaneous sources. The total production of distilled spirits, exclusive of fruit brandies, was 133,450,755.1 taxable gallons, against 126,989,740.1 gallons in 1908, an increase of 6,461,015 gallons. The production of fruit brandies decreased 458,965 gallons. During the fiscal year 1909, 1,292 distilleries of all kinds were operated, an increase of 92. The production of beer was 56,364,360 barrels, showing a decrease of 2,449,673 barrels. BUREAU OF ENGRAVING AND PRINTING. The Bureau of Engraving and Printing executed during the fiscal year a greater volume of work than it has ever before accomplished in any one year, the aggregate number of sheets delivered being 239,405,723, or a net increase of 13.68 per cent over the deliveries of the previous year. This aggregate comprises the delivery of 51,725,000 sheets of United States notes and certificates; 4,000 sheets of registered bonds; 20,185,008 sheets of national-bank notes; 77,806,830 sheets of internal-revenue stamps; 348,500 sheets of customs stamps; SECRETARY OF T H E TREASURY. 47 86,593,058 sheets of United States postage stamps; 323,278 sheets of postage stamps and postal cards for the Philippine Islands; 104,135 sheets of silver certificates, revenue and documentary stamps, registered bonds, and diplomas for the Philippine Islands; and 2,315,914 sheets of checks, drafts, etc. I n addition to these deliveries, miscellaneous work was executed to the value of $205,694.85. Compared with the deliveries of the previous year, there was an increase of 4.98 per cent in United States notes and certificates and bonds, 113.68 per cent in national-bank notes, 6.12 per cent in internal-revenue stamps, 14.77 per cent in postage stamps, and 0.12 per cent in checks, drafts, etc., and a decrease of 12.66 per cent in customs stamps, making a net total increase of 13.68 per cent. The amount available for the work of the bureau during the year was $4,888,612.67, comprising $3,555,058 appropriated by Congress and $1,333,554.67 repaid for services and materials furnished the Treasury and other departments of the Government. The amount expended was $4,355,935.65, which included $192,401.99 for salaries, $1,715,466.79 for compensation of employees, $1,798,268.07 for plate printing, and $649,798.80 for materials and miscellaneous ^expenses, leaving an unexpended balance at the close of the j^^ear of $532,677.02. The large unexpended balance is due partially to decreased cost of the work performed in the year, and principally to the fact that the preparation of the national-bank emergency currency for issue under act of May 30, 1908, for which the bureau's appropriations were reimbursed from the appropriation provided by the act, was given preference to other work which had been provided for in the annual appropriations for the bureau and was not furnished. In compliance with the act to amend the national banking laws, the bureau completed the delivery in January, 1909, to the Comptroller of the Currency, of the required $500,000,000. The total number of sheets was 13,131,185, of which 30,224 were delivered in the fiscal year 1908. The act necessitated the altering of engraved face plates in order that the notes might, in the inscription thereon, conform to its provision, and the back plates were" also altered for the series of 1902, and new design prepared for the series of 1882, to distinguish them from other issues and connect them with the act. From the date of the act to the end of August, 1909, 9,506 of the plates were altered—282 in the fiscal year 1908, 9,217 in the fiscal year 1909, and 7 in the current fiscal year. The cost of preparing the notes was $544,780.18, and of altering the plates $121,381.29, totaling $666,161.47. SUPERVISING ARCHITECT. The department is carrying into effect as rapidly as possible all legislation of Congress concerning public buildings directed to be 48 REPORT ON T H E FINANCES. constructed under the supervision of the Secretary of the Treasury. The office of the Supervising Architect is being brought to the highest state of efficiency, and is responding to the demands made upon it with the utmost dispatch consistent with good designs and business methods. It must be borne in mind, however, that much time is required to design and prepare working drawings for the great number of buildings carried in the public building act of May 30, 1908. When that act was passed, a large volume of work under the public building act of June 30, 1906, still remained to be done. The projects carried by the act last mentioned have been practically disposed of 5 and the department, acting through the office of the Supervising Architect, has been engaged in the arduous task of selecting sites for all of the buildings provided for by the act of May 30, 1908, In many instances difficulties have been encountered in securing sites on account of conflicting local interests which delayed selections; prices largely in excess of the amount available have been placed upon properties which were the most suitable for governmental purposes; and in numerous instances condemnation proceedings have been forced upon the department in order that it might secure desirable locations. Despite these drawbacks, the administrative work with reference to sites has been nearly finished, and the department has taken up the extensions of old buildings carried by the last public building act, and is now commencing work upon plans for the new buildings. The question as to the rapidity with which these buildings shall be constructed is largely a matter of policy to be determined by Congress itself. The 1911 estimates provide ample funds to keep this office working at full speed at its present capacity. At a time when the revenues and expenditures of the Government are receiving the most serious consideration at the hands of the executive branch, the expenditure of approximately $12,000,000 annually for public buildings is worthy of serious consideration by both the legislative and executive branches of the Government. The following statements show the construction and financial operations of the department with reference to public buildings under its control during the fiscal year ended June 30, 1909: STATEMENT OF BUILDING VS. Completed and occupied, including 48 marine hospitals and quarantine stations 550 Drop Jamestown Exposition 1 Completed since In course of erection (including 2 marine hospitals)^ Not commenced : Total : ^ - 549 21 114 263 947 SECRETARY OF THE TREASURY. 49 In .addition, 16 extensions were completed and 31 extensions in course of erection. There are 141 sites for which no buildings are provided. During the fiscal year titles to 175 new sites and additions to sites were vested in the United States. STATEMENTS OF APPROPRIATIONS FOR PUBLIC BUILDINGS, JULY 1, 1908, TO JUNE 30, 1909. EXPENDITURES DURING THE FISCAL YEAR. For For For For For For For For sites and additional land construction, extensions, and special repairs repairs and preservation .. mechanical equipment vaults,- safes, and locks plans, including books and periodicals electrical protection to vaults general expenses Cadministrative) Total 1 . . $2, 871,653.37 8, 111, 831.31 488, 575. 97 343,216. 89 39,763.31 1,810.10 22, 045.00 46,836.80 11, 925, 732. 75 . . CONTRACT LIABILITIES EXISTING ON JUNE 3 0 , 1909. On account of sites and additional land— $1, 448, 896. 61 Less authorized contract liabilities in excess of amounts appropriated 18, 500. 00 $1, 430, 396. 61 On account of construction, extensions, and special repairs 15,138, 944.13 Less authorized contract liabilities in excess of amounts appropriated 789,775.71 On On On On On On 14,349,168.42 122,061.92 187,820.17 52,227.11 575.75 6, 986. 25 17,499.68 16,166,735.91 account of repairs and preservation account of mechanical equipment account of vaults, safes, and locks account of plans, including books and periodicals account of electrical protection to vaults account of general expenses (administrative) Total BALANCES AVAILABLE JULY 1, 1909. For For For For For For For For sites and additional land construction, extensions, and special repairs repairs and preservation mechanical equipment vaults, safes, and locks__ plans, including books and periodicals electrical protection to vaults general expenses (administrative) Total — : - !__ $4,476,303.79 20, 821,476.20 553,962.10 405,312.71 91,462.66 2, 589.24 55, 470.70 825,663.52 27,232,240.92 PUBLIC HEALTH AND MARINE-HOSPITAL SERVICE. The annual report of the Surgeon-Greneral of the Public Health and Marine-Hospital Service, now in print, sets forth in detail the activities of this bureau. . 13518—FI 1909 4 50 , REPORT ON THE FINANCES. The plague situation on the Pacific coast is completely in hand, though conditions are being carefully watched at home and in foreign ports; and important preventive action is still being undertaken. Plague in India showed a decrease during the year. In South America it remained about the same. An important study of typhoid fever in the District of Columbia has been made and is still in progress, the details of which are set forth in Hygienic Laboratory Bulletin No. 52. This work presents a standard method of investigating typhoid fever which has been already adopted in some other cities. The bureau is also participating in the study of the pollution of interstate waters. The bureau has participated in the movement to study and control tuberculosis, reporting its data in Bulletin No. 57. It has made an investigation to determine the prevalence of rabies in the United States and its geographical distribution, and has carried on extensively the Pasteur treatment at the Hygienic Laboratory and distributed the laboratory's " fixed virus." Four bulletins have been issued as the result of the investigations due to the recent appearance of pellagra in this country. The distribution of four pamphlets giving the results of investigations of the hookworm disease, and the delivery of public lectures without cost to the Government have, in the absence of legislation, constituted the activities of the bureau respecting this important matter. The leprosorium on the island of Molokai, of the Hawaiian group, has been completed ior a scientific study of that disease in all its stages. Six reports have been made on this subject. The service was represented at the International Congress Against Leprosy, held in Bergen, Norway, in August. There has been no yellow fever in the United States during the year. Cholera is being closely watched in other countries. In the United States during the year there were reported 24,650 cases of smallpox—7,583 cases less than during the preyious year. Vaccine virus and antitoxins. Twenty-one establishments were licensed by the department, 10 of them being foreign, under the act approved July 1, 1902. Investigations during the year demonstrated that foot-and-mouth disease may be transmitted to animals through vaccine virus. An outbreak of this disease was traced to the vaccine virus of two establishments. The license of one firm, which had expired, was not renewed, and the license of the other was suspended until all infected Yivw was withdrawn from the market and the infection eradicated. SECRETARY OF THE TREASURY. 51 The infection was due to importation from abroad, and revised regulations were therefore issued which will effectually control the importation of this produci, whether intended for sale or for laboratory purposes. Hygienic laboratory. The additions tb the building, provided by Congress and trebling its capacity, were completed during the year. Nine bulletins, containing the results of scientific investigations, were prepared for publication, four of which were issued and five deferred until the fiscal year 1910 on account of insufficiency of the appropriation. Sanitary conference and advisory hoard. The Seventh Annual Conference of State and Territorial Health Officers with the Public Health and Marine-Hospital Service was held in Washington June 2 and 3, 1909. Twenty-six States and Territories and the District of Columbia were represented. The discussions illustrated the value of this official organization. The advisory board of the Hygienic Laboratory was convened by the Surgeon-General on March 26, 1909. Investigations conducted in the laboratory were discussed, and the advice of the board obtained with regard to the continuation of the same and new investigations. National quarantine. At the 44 quarantine stations in the continental United States 8,266 vessels were inspected, of which 520 were disinfected. Inspection has been maintained on the Mexican border. National quarantine has been administered at 7 ports in the Philippine Islands, 7 in Hawaii, and 8 in Porto Kico. Medical officers have been stationed at 8 fruit ports in Central America to enforce special regulations relating to fruit vessels, to permit their entry into the United States without detention. Details have also been made to ports in Cuba, Mexico, Barbados, and St. Thomas, to Eio de Janeiro, Callao, Guayaquil, Naples, Calcutta, and to 2 ports in China and 3 in Japan. The officers have exercised quarantine supervision over vessels bound to the United States, and at a number of foreign ports have examined aliens by request of the Immigration Bureau and steamship companies. By request of the Venezuelan authorities, on account of the bubonic plague, an officer^ was detailed for duty at La Guiara; 1 also for immigration and quarantine service at Amoy, China, by request of the United States consul, with special reference to the protection of the Philippines. In view of the establishment of a new line of steamers, plying from Salina Cruz and Manzanillo, on the Mexican-Pacific coast, 52 REPORT ON T H E FINANCES. direct to Honolulu, officers were appointed for the disinfection of vessels at the two Mexican ports named to prevent the introduction of yellow fever into the Hawaiian Islands, where this disease is at present unknown, but where the conditions are ripe for its spread should it be introduced. New buildings of the quarantine station at Mobile, Ala., have been completed. Technical difficulties in the matter of title have prevented the completion of the purchase of the Mississippi Eiver Quarantine Station, but it is expected the transaction will be completed in the near future.. At Galveston, Tex., difficulty having been experienced in obtaining a waiver of jurisdiction over the site selected for the new quarantine station, a new site has been determined upon, already in the possession of the United States Government, and it is expected the construction of the station will be begun during the coming year. One quarantine station, the South Atlantic, Blackbeard Island, Ga., has been practically discontinued as no longer necessary, because of changed commercial conditions. It is kept, however, in readiness as a refuge station in case of need under skeleton organization. Medical inspection of immigrants. During the fiscal year, 966,124 immigrants were inspected under the immigration laws and regulations, and 14,536 were certified for rejection on account of physical and mental defects. The inspections were conducted at 58 stations in the continental United States, Canada, Porto Eico, and Hawaii, but do not include the examinations in the Philippines or at foreign ports. Personal examinations were made of 965 aliens reported as public charges in various institutions throughout the United States to ascertain whether they should be deported under the immigration laws. Service officers have also under the supervision of the Commissioner of Immigration conducted the large hospital for immigrants at Ellis Island, where 6,186 patients were admitted for treatment. Service publications. During the year 246,060 copies of the various publications edited in the bureau were distributed. These include the annual report, the weekly Public Health Eeports, the bulletins of the Hygienic Laboratory, and various special bulletins relating to the public health. A new edition of the bulletin entitled " Milk and Its Eelation to the Public Health " has been published. ^ Marine hospitals and relief. In the 21 marine hospitals owned by the Government, and at the 126 other stations, where seamen of the merchant marine receive hos SECRETARY OF THE TREASURY. 53 pital and dispensary treatment, there were treated during the fiscal year 53,074 patients, of which number 14,209 were treated in hospitals and 38,865 at the dispensaries. The new marine hospital at Buffalo, N. Y., has been completed and is occupied. At the sanatorium for consumptives at Fort Stanton, N. Mex., 399 patients were cared for during the year. Physical examinations, exclusive of immigrants, were made of 4,980 persons connected with the Eevenue-Cutter, Life-Saving, Steamboat-Inspection, Immigration, and Light-House services, the Coast and Geodetic Survey, Civil Service Commission, Isthmian Canal Commission, and Philippine Service. . Expenditures, The appropriation for the ordinary maintenance of the service was $1,299,750, of which sum $200,000 was payable from the appropriation for expenses of regulating immigration. The receipts from all sources, repayments for care of foreign seamen, etc., were $17,712.59. The expenditures were $1,176,549.03; estimated outstanding liabilities, $10,487.84, leaving an estimated balance of $130,425.72. The amount available of the appropriation for preventing the. introduction and spread of epidemic disease at the beginning of the fiscal year was $711,007.58. An appropriation amounting to $750,000 was made in addition to the available balance reappropriated. The expenditures were $482,993,71, leaving a balance June 30, 1909, of $978,013.87. . The appropriations for the maintenance of the quarantine service were $420,000. The amount of repayments was $935.46. The expenditures were $399,784.03, which, deducting outstanding liabilities, leaves an estimated balance of $18,313.66. The amount available of the appropriation for national quarantine and sanitation at the beginning of the fiscal year was $368,666.68; the repayments were $92; the expenditures were $43,014.60; the balance on hand June 30, 1909, was $325,744.08. The amount available of the appropriation for the maintenance of the leprosy hospital, Hawaii, at the beginning of the fiscal year was $28,258.53. An appropriation amounting to $20,000 was made in addition to the available balance reappropriated. The expenditures were $24,442.67, which, deducting outstanding liabilities, leaves an estimated balance of $11,815.86. L I F E - S A V I N G SERVICE. During the last fiscal year, 1,376 vessels suffered disaster, more or less serious, within the field of the operations of the life-saving establishment. These vessels carried a total of 8,900 persons, including 54 REPORT ON T H E FINANCES. passengers and crews, of which number only 30, or thirty-four onehundredths of 1 per cent, were lost. The estimated value of the vessels was $13,143,610, and of their cargoes $9,962,470, making the total value of imperiled property $16,106,080. The totally lost vessels numbered 72. The following is a tabular presentation of the important statistics relating to these casualties, the data being apportioned between documented and undocumented craft, which latter class includes vessels of less than 5 tons burden, such as small sailboats, launches, rowboats, etc.: Documented Vessels involved . Vessels lost Persons on board Lives lost Persons succored at stations. .*... Days' succor afforded Value of vessels Value of cargoes Total value of property involved Value of property saved Value of property lost . 459 5(1 6,377 8 389 779 $12,498,870 2,950,190 15,449,060 13,187,840 2,261,220 Undocumented. 917 22 2,523 22 " 22^ 271. S644,740 12,280 657,020 622,860 34,160 1,376 72 8,900 30 613 1,050 $13,143,610 2,962,470 16,106,080 13,810,700 2,295,3S0 The disasters that occurred during the year exceeded in number the record of any former year in the history of the service, the increase over the next preceding year being more than 25 per cent, and over that of two years ago 64 per cent, or nearly two-thirds. With regard to the amount of property imperiled, the year's record also exceeds that of any former year, but the difference—$2,575,855—, between the property values given for the last two years represents an increase of only 19 per cent for 1909 over 1908, while the increase was 53 per cent for 1908 over 1907, the difference being $4,697,640. The excess in the number of disasters chronicled during 1908 over the corresponding figures for 1907 was explained in the last annual report as chiefly due to the extension of the field of life-saving operations resulting from the introduction of power lifeboats in the service and to the growing popularity of gasoline motor boats for purposes of business and pleasure. The rapid development of the same causes accounts for the notable increase in the number of casualties which occurred in the year last past. Another interesting fact pertaining to this matter is the large preponderance of undocumented vessels over documented, there being nearly twice as many of the former as of the latter to meet disaster. Prior to 1901 the disasters to documented vessels each year exceeded those to undocumented. The preponderance of motor boats in the list of 917 undocumented vessels included in the tabular statement is likewise significant, the number being 470, or approximately 50 per cent of the class to which they belong. I t may also be stated that of the 22 lives lost from undocumented SECRETARY OF THE TEEASURY. 55 vessels, as shown in the table, 10 were lost from gasoline boats, exceeding by 2 the entire number lost from documented craft. I n this connection, it is worthy of note that during the last decade the rescue and salvage work of the service has practically doubled. Of the 1,376 vessels mentioned in the table, 1,062, valued with their cargoes at $2,995,760, wfere assisted by the crews of the service alone; 257 vessels, valued with their cargoes at $10,321,055, were aided by the station crews in conjunction with revenue cutters, wrecking vessels, tugs, etc.; 16 vessels, valued with their cargoes at $1,853,150,*^ were assisted solely by private agencies; and 41 vessels, valued with their cargoes at $936,115, were able to care for themselves without assistance. Assistance of more or less importance was also afforded to 171 documented and 343 undocumented vessels not included in the table, making in all 1,833 vessels that received aid from the life-saving establishment. • The service crews gave warnings to 310 vessels and 161 sailing craft standing into danger near the shore. In 246 instances these signals were made at night and in 26 during the day. Of the vessels so warned, 149 were steamers. The crews also rendered much humanitarian service during the year that had no relation to their duties in connection with casualties to vessels. Such service included the rescue of 109 persons from drowning and various other situations of peril, the giving of medical and surgical attention to 57 sick and injured persons, and the succoring of 235 persons for periods amounting to two hundred and fortynine days. In addition, they performed effective service at 65 fires, involving both government and private structures, and recovered and restored private property of considerable value in the aggregate. The net expenditures for the maintenance of the service during the year were $2,215,035.52. A t the close of the year the establishment comprised 281 stations, distributed upon the sea and lake coasts as follows: On the Atlantic and Gulf coasts, 201; on the coasts of the Great Lakes, 6 1 ; on the Pacific coast, 19. Only one additional station was put in commission during the year, namely, that authorized by law to be established at Waaddah Island, Neah Bay, Wash. The station authorized to be located at Lorain, Ohio, at the mouth of Black Eiver, is advancing toward completion. Contract has been entered into for the construction of a station at the Isles of Shoals, off Portsmouth, N. H.; and plans and sjpecifications for stations at Green Hill, E. I., and Eagle Harbor, Mich., are nearly completed. The influence of the introduction of power in the lifeboats and surfboats of the service, in greatly extending its scope and enhancing 56 REPORT ON T H E FINANCES. its efficiency, has been referred to. So indispensable have these powerboats become that they are being supplied as rapidly as possible to all stations at which they can be advantageously used. Especial care has been taken to have them of the very best obtainable material, construction, and equipment. Official reports show that in the performance of wreck duty in the worst of weather they have repeatedly accomplished hazardous enterprises, taking the crews far beyond the former limits of their field of work. In no instance has it been shown that they have failed to withstand the severest test. Thirty-two of them were added to the station equipment during the year, and others are now building. Under the provisions of the act of Congress approved December 11, 1908, authorizing the Secretary of the Treasury " in his discretion to transfer from time to time from the Treasury Department library to the life-saving stations of the United States such books as, in his judgment, may be no longer needed for use in said library," a total of 4,388 volumes were distributed to the various stations of the service, giving to each station an average of 16 books. The collection included 1,166 volumes of fiction, 737 of history, 673 of biography, 489 of description and travel, 229 of scientific character, 19 of fine-art reproductions, and 1,075 of miscellaneous literature. The variety in classification made it possible to supply each station with a selection of reading matter sufficient to satisfy a diversity of tastes. For several years past the Secretaries of the Treasury have called attention in their annual reports to the desirability and justice of a provision for pensioning the keepers and crews of the service disabled in the line of duty, and especially for some measure providing for the retirement of those whose usefulness has been more or less impaired by disease, injury, and the infirmities of age, or who have become entirely disqualified for continuance in the service from these causes. Previous to the passage of the act of March 26, 1908, it was shown that the efficiency of the service itself was seriously affected by the lack of able-bodied men, it having been found impossible to enlist suitable surfmen at the compensation then paid. The act referred to has materially improved the situation in this respect. A situation yet remains, however, which compels the injustice, not to say inhumanity, of thrusting out upon the world men who, in devoted service to the Government, have become incapacitated for earning a living in any private vocation—^men who have to their credit deeds of heroism and self-sacrifice that have honored the nation and won for this branch of our public service acknowledged preeminence. Such a condition is not in accord with the present-day civilization as shown in the adoption of the pension idea by leading nations abroad, and as manifested in our own country by the action of the principal municipal governments and the most prominent public SECRETARY OF THE TREASURY. ' 57 service and private corporations in providing pensions and retirement for those classes of employees who engage in hazardous service. Former recommendations for remedial legislation along the line indicated are therefore earnestly renewed. R E V E N U E - C U T T E R SERVICE. The following is a synopsis of the regular work of the United States Eevenue-Cutter Service during the fiscal year 1909, with thenet expenditure: Lives saved (actually rescued) from drowning 56 Persons on board vessels assisted 5, 050 Persons in distress taken on board and cared for 454 Vessels assisted—^ i 156 Vessels boarded and papers examined 14, 826 Vessels seized or reported for violation of law 330 Fines and penalties incurred by vessels reported $39,175 Value of vessels assisted and their cargoes $13, 940, 709 Derelicts and obstructions to navigation removed or destroyed-26 Net expenditure: Appropriation for maintenance of the service, including appropriation for special repairs $2, 423, 564. 74 Estimated unexpended balance .__! $5, 599.06 The duties of the service along the coasts of the United States, embracing Alaska and Porto Eico, and on the Great Lakes, have been carried out in a faithful and an efficient manner. The fur-seal fisheries in the north Pacific Ocean and Bering Sea have, as usual, received protection by the detail of four cutters, which have actively cruised in those waters during the season when depredations are likely to occur. These vessels have performed also other important duty in connection with the public interests in Alaska. On July 22, 1908, the Japanese schooners Saikai Maru and Kinsai Maru were seized for sealing within the waters of St. Paul Island. Their officers and crews were subsequently tried at Valdez, Alaska, and convicted. The Thetis made the annual cruise into the Arctic Ocean, did much valuable work generally in northern Alaska, and rendered timely assistance to various passenger and freight steamers which were caught and imperiled in the ice packs while trying to reach Nome on the first opening of navigation. Owing to the number of vessels bound for St. Michael and Nome which now enter Bering Sea early in June, when ice conditions are often extremely hazardous, it probably will be necessary in future to have two revenue cutters in the vicinity of the ice fields at that time for the purpose of aiding shipping. During the year there have been in active commission 26 cruising cutters, and 18 harbor vessels and launches which are charged with boarding duty and the enforcement of anchorage laws at various .58 REPORT ON THE FINANCES. designated ports. Under authority of the provisions of law, 12 officers have been on detached duty in connection with the Life-Saving Service, for the purpose of inspecting the life-saving stations and their equipments, drilling their crews, enforcing discipline, and superintending the construction of buildings, boats, and other appliances. The work of assisting vessels in distress has been active and efficient. The cruising cutters have performed excellent service in this respect and have been quick to respond to the calls made upon them by merchant craft in need of succor. On the same day, December 29, 1908, two abandoned lumber-laden schooners of considerable value, which had been picked up adrift at sea, were towed into Chesapeake Bay, one by the Seneca and the other by the Onondaga,^ and promptly turned over to the owners. The record shows that the value of marine property assisted was gre,ater than in any previous year since the establishment of the service. The installation of wireless telegraph, and its effective maintenance, on the seagoing vessels of the service have aided materially yi relief and rescue work. This was strikingly shown when four revenue cutters started from distant parts of the coast for the sinking steamship Repuhlic^ in collision off Nantucket Shoals, immediately upon receipt of her wireless call for help. A boat from the Gresharri rescued the last survivors as the ship went down. * The duties of the Eevenue-Cutter Service are increasing in scope and importance, and now include the enforcement of nearly every statute bearing upon the maritime interests of the country. I t performs, besides, considerable work not specifically required by law. I n the past year it has rendered assistance, in one way or another, to about every department under the Government. The military requirements of the service, both as to drills and discipline, have been fully complied with and efficiently maintained. Vessels, i t is recommended that the Woodbury^ Forward^ Perry^ and Rush be replaced, as soon as practicable, by modern, able, well-equipped vessels. The cutters named are obsolete, have been under constant repairs for many years, and are not suitable, either as to hulls or machinery, for the work they are intended to perform. The Rush^ which was the last of these vessels built, has done service on the Pacific coast and the waters of Alaska for 24 years, while the Woodbury is 45 years old. There is required also a stanch, seagoing cutter for the Gulf coast, to aid distressed craft in those waters. A suitable boarding vessel, to cost not more than $80,000, should be provided for the port of Chicago. On account of the great shipping and commercial interests in that locality such a vessel is needed not ^ SECRETARY OF THE TREASURY. 59 only for the increasing requirements of the port named, but for duty on the south and east shores of Lake Michigan. The recommendation is renewed that the steamer Manhattan^ which is detailed to enforce the anchorage laws of the port of New York, be replaced by a modern vessel. Control of regattas—Seal islands. Special attention is invited to the service rendered by revenue cutters, first, in enforcing under the present law regulations to promote the safety of life during regattas and marine parades, and, second, in patrolling the North Pacific Ocean and Bering Sea, for the protection of the fur seals. Eevenue cutters are called upon constantly in the summer season to patrol the courses of yacht and boat races on all parts of the sea and lake coasts, at the request of the Department of Commerce and Labor. The rigorous patrol by vessels of the service maintained in northern waters for a considerable period of each year, the greater part of which work is in the vicinity of the Pribilof Islands, is carried out also at the request of that department. The execution of both of these services is necessarily under the immediate direction of the Secretary of the Treasury, who issues the instructions for the proper conduct of the patrols named. Formerly all this work was under the Treasury Department exclusively. The present system, whereby another department exercises certain" jurisdiction, while this department attends to and carries out all the essential and important details, is cumbrous and unsatisfactory. I t is believed that it would be in the interest of the Government and the public to place the authority for the control of regattas and marine parades and the administration of the seal islands entirely with the EevenueCutter Service. Eelative to the latter, it would seem, from the very nature of the case, that better results would be obtained for the protection, of seal life and the government and care of the natives on the islands. Removing dangers to navigation. The Seneca.^ authorized by Congress to destroy or remove derelicts and othier obstructions to navigation and the only vessel of her kind in the world, was placed in active service in November, 1908, with headquarters at Tompkinsville, N. Y. She was assigned a district on the North Atlantic Ocean bounded by a line from Portland, Me., to Sable Island, Nova Scotia; thence to the Bermuda Islands, and thence to Charleston, S. C. The meritorious work of this vessel off the" east coast of the United States in keeping the ocean highways clear of dangerous obstructions to shipping has exceeded expectations, and she has proved herself a valuable auxiliary to commerce. I n this connection, it may be stated that all revenue cutters of the first class on the Atlantic seaboard are provided with explosives suitable for the 60 REPORT ON T H E FINANCES. work of removing sunken wrecks and other marine obstructions as occasion may require. Transfer of Fort Trumbull. The transfer to this department is again recommended of the Fort Trumbull reservation in Connecticut, which the War Department is willing to relinquish with certain limitations, that it may be used by the school for the instruction and training of cadets which is now located at Arundel Cove, Md. The reasons for this transfer were clearly set forth in the last annual report. DIVISION O F LOANS A N D C U R R E N C Y . The changes in the amount of the interest-bearing debt during the fiscal year ended June 30, 1909, are shown in the following statement: A m o u n t o u t s t a n d i n g J u n e 30, 1908—^ P a n a m a C a n a l bonds issued, Series 1908 $897, 503, 990 30, 000, 000 Less 3 per cent certificates of indebtedness, redeemed O u t s t a n d i n g J u n e 30, 1909 927, 503, 990 14,186, 500 913,317,490 The changes in the amounts of the several kinds of money in the United States, outside the Treasury, between November 1, 1908, and November 1,1909, are shown in the table following: COMPARATIVE STATEMENT S H O W I N G T H E CHANGES I N CIRCULATION. In circulation In circulation Nov. 1, 1908. Nov. 1, 1909. Classes. Gold c o i n . Standard silver dollars Subsidiary silver . . Gold certificates Silver certificates Treasury notes, act of July 14,3890 United States n o t e s . . . National-bank notes ".. 3,098,498,021 Total Net increase 8610,060,562 74,740,245 131,663,701 807,246,389 483,899,842 4,691,225 342,994,056 643.202,001 Decrease. lucrease. $598,773,175 $11,287,387 356,388 74,383,857 $10,660,337 142,324,038 795,205,489 12,040, 900 481,794,889 2,104,953 669,690 4,021,535 814,094 342,179,962 685,996,112 42,794,111 3,124,679,057 ." 27,273,412 53 454,448 26,181,036 DIVISION OF P U B L I C M O N E Y S . The monetary operations of the Government have been conducted through the Treasurer of the United States, nine subtreasury officers, the treasury^ of the Philippine Islands, the American Colonial Bank of Porto Eico, the Banco de la Habana, the National Bank of Cuba, and 1,457 national-bank depositaries. The amount of public moneys held by the bank depositaries on June 30, 1909, including funds to the credit of the Treasurer's general account and United States disbursing officers, was $71,662,801.28, a decrease since June 30, 1908, of $88,694,198.42. On June 30, 1909, there were 439 regular and 975 temporary depositaries; 23 were designated during the fiscal year and 43 discontinued. On Novem SECRETARY OF THE TREASURY. 61 ber 1, 1909, the number of depositaries was 1,388 and the amount of public moneys held by them was $49,497,653.76. DIVISION OF B O O K K E E P I N G AND WARRANTS. State bonds and stocks owned 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 . ' 1 - Total $37, 000. 00 58, 000. 00 i — 335,666. 66§ 430, 666. 66§ A history of these state stocks and bonds is given in House Document No. 263, Fifty-fourth Congress, second session. Territory of Hawaii, 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 $2,357.05 in postal savings certificates not yet presented for payment. The appropriation of $1,000,000 provided by the 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 26 awards, amounting to $1,730.51, are now outstanding. SECRET-SERVICE DIVISION. The secret-service division reports continued and somewhat extraordinary activity among counterfeiters in the larger industrial and commercial districts. There were 19 new issues of counterfeit notes during the year, several of which were in the dangerous class. There was effective cooperation between municipal authorities and agents of the Treasury Department wherever the counterfeiters seemed most active, and the principals with many of their associates in the most important conspiracies were arrested and either have been convicted or are awaiting trial. Several organizations were discovered whose supplies were imported from certain districts in Italy where the notes were manufactured, and in these cases the prisoners were found to be closely* affiliated with what is usually known as the " Mafia " and " Black Hand " societies. The activity and loyalty of the members of the field force of the division and its efficiency seem to have been maintained at their normally high level. The arrests numbered 400 against 345 the previous year, and the counterfeit coins and notes confiscated represented $67,091.42 in value. 62 REPORT ON T H E FINANCES. ' DIVISION OF PRINTING AND STATIONERY. Printing and binding. The expenditure for printing and binding for the entire Treasury service during the year amounted to $368,217.95, as follows: Bureaus, offices, and divisions of the d e p a r t m e n t : Chief Clerk Office of the Secretary Office of the Comptroller of the Treasury Office of the Comptroller of the Currency Office of the Auditor for the— T r e a s u r y Department 1 — W a r Department Interior Department Navy D e p a r t m e n t State and other Departments Post-Office Department T r e a s u r e r of the United States : _—lT r e a s u r e r of the United States (N. B. R. A.) 1 Register of the T r e a s u r y Commissioner of I n t e r n a l Revenue Director of Bureau of Engraving and P r i n t i n g Supervising Architect Director of the Mint Surgeon-General Public H e a l t h and Marine-Hospital Service General Superintendent Life-Saving Service $6, 528.12 79,766.85 6,466. 86 29, 770. 59 1, 817. 64 3, 623. 87 1,433.00 1, 338. 42 1, 502. 79 9, 593. 24 7, 294. 61 7,015.50 4,303.16 10,488.47 8, 281. 91 31, 273. 58 5, 039. 02 25, 537. 88 7, 592.46 248, 667. 97 T r e a s u r y service outside of W a s h i n g t o n : Customs Service $61, 326. 53 Independent T r e a s u r y Service 8,368. 81 National-bank depositaries 2, 600.39 Life-Saving S e r v i c e — 1, 530. 77 Public H e a l t h and Marine-Hospital Service 2, 456. 72 Revenue-Cutter Service 3, 7t)7. 69 Internal-Revenue Service 31, 529. 57 M i n t . a n d Assay Service 6,727.94 Superintendents of construction of public buildings245.10 Custodians of public buildings 576. 92 Special T r e a s u r y agents : 98.17 Transportation companies 381. 37 • 119, 549. 98 Total -1 1 1 «368, 217.95 The total expenditure for printing and binding for the fiscal year 1908 was $346,900.61. A comparison of the expenditures for 1909 as above shown discloses an increase of $21,317.34 for 1909. The « This expenditure w a s reimbursed by $7,532.06. SECRETARY OF THE TREASURY. 63 increase is due to a change in the cost rate of the Government Printing Office and the natural growth of business. Stationery, The cost of the stationery supplied to the officers of the whole Treasury service during the year 1909 amounted to $114,273.52, while that for the previous year amounted to $108,809.28, showing an increase in expenditure in 1909 of $5,464.24. Amount appropriated for stationery for the department proper for the fiscal year 1909 was $45,000. The expenditures on account of this appropriation were divided between the bureaus, offices, and divisions of the department as follows: Office of the Secretary: Secretary and Assistant Secretaries Chief Clerk and Superintendent Disbursing clerks Division of Appointments Division of Bookkeeping and Warrants Division of Customs --, Division of Public Moneys Division of Printing and Stationery Division of Loans and Currency Division of Revenue-Cutter Service Division of MaU and Files Division of Special Agents Division of Secret Service Committee on personnel ^ Government Actuary i Transportation Rate Board . : $591.48 1, 987'. 83 403. 88 510.34 869. 25 576. 29 134.18 440. 58 2, 896.97 321. 68 1,129.68 112. 00 145.51 5.82 5.04 143. 05 $10, 273.58 Office of Comptroller of the Treasury — 343. 04 Office of Comptroller of the Currency . i ^ 6, 507.12 Office of Auditor for Treasury Department 530.49 Office of Auditor for,War Department 1,697.99 Office of Auditor for Interior Department 771.97 Office of Auditor for Navy Department 626. 79 Office of Auditor ior State and other Departments 423.38 Office of Auditor for Post-Office Department 4, 865. 33 Office of Treasurer of the United States 7, 978.90 Office of Register of the Treasury 319. 60 Office of Commissioner of Internal Revenue 6,028.34 Office of Director of Bureau of Engraving and Printing-. 319. 89 Office of Supervising Architect ..,- 1,887.07 Office of Director of the Mint — 164. 95 Office of Surgeon-General Public Health and MarineHospital Service ^ 701.78 Office of General Superintendent Life-Saving Service 280. 85 • 33,447.49 Total — „ , , . „ . — „ . , , -„ - . _ . 43, 721.07 64 REPORT ON THE FINANCES. The amount expended during the fiscal year 1908 (department proper) was $46,663.63; the expenditure for 1909 was $43,721.07, a decrease for the latter year of $2,942.56. The amount expended for stationery furnished to the different branches of the outside Treasury service during the fiscal year 1909 amounted to $70,552.45, distributed as follows: Customs Service _— Internal-Revenue Service Independent Treasury Service Public Health and Marine-Hospital Service Revenue-Cutter Service : Life-Saving Service Mint Service Secret Service Engraving and Printing ; Supervising Architect National-Bank Redemption Agency . Custodians of public buildings Superintendents of construction of public buildings Alaska-Yukon-Pacific Exposition National Monetary Commission General Supply Committee Total „- . 1 $30, 661. 01 16, 515. 05 5, 873.17 2, 574.81 1, 653. 82 1,130.36 1, 371.40 146. 61 2, 971. 20 49. 50 3, 732. 86 1,403.42 2, 023. 81 12.69 196.11 236. 63 70, 552. 45 Attention is called again to the objectionable method of appropriating money for the purchase of stationery for this department and to the embarrassment occasioned thereby. The present practice, which has existed for many years, is to appropriate a certain amount ($40,000 being the amount for the present fiscal year) for the purchase of stationery for the department proper and its several bureaus, offices, and divisions in Washington; but in order to secure the benefits of the favorable department contract prices, the several outside Treasury services are supplied from this appropriation by means, of a repay method by which sixteen different appropriations reimburse the stationery appropriation, to the amount (this year) of $70,552.45. This method, is cumbersome, dilatory, and expensive, and serves no good purpose. Under its operation contractors' bills for supplies furnished can not be paid as promptly as they ought to be, on account of the delay experienced in obtaining repay credits. Eepay accounts are not approved by the auditor in the absence of the receipts of consignees for supplies furnished them, and these receipts, in many instances, are not received for weeks after shipment; consequently the fund from which bills are paid is but slowly replenished. If a lump sum were appropriated for the whole service, as is done in the case of the printing and binding, the public business would be SECRETARY OF THE TREASURY. 65 simplified and improved, and the recommendation of last year for legislation to that end is renewed. The total amount required would be, in round numbers, $115,000, about $70,000 of which would be for the outside reimbursing services, as given in detail in the foregoing table. The magnitude of the correspondence conducted by this department is illustrated by the number of envelopes used by the 1,800 chief officers of the Treasury service, 12,900,000 having been issued during the year. 13518—FI 1909 5 TABLES ACCOMPANYING THE REPORT ON THE FINANCES. 67 T A B L E A.—STATEMENT OP THE OUTSTANDING PKINCIPAL OF THE PUBLIC D E B T OP 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 (6 Statutes, 370); February 15,1841 (5 Statutes, 411); January 31,1842 (5 Statutes, 469); August 31,1842 (5 Statutes, 581); and March 3, 1843 (5 Statutes, 614). TREASURY NOTES OF 1846. Actof 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. Actof December 23, 1857 (11 Statutes, 257) BOUNTY-LAND SCRIP. Act of February 11,1847 (9 Statutes, 125) '. LOAN OF 1847. Act of January 28,1847 (9 Statutes, 118) TEXAN INDEMNITY STOCK. Act of September 9, 1850 (9 Statutes, 447) LOAN OF 1858. Act of June 14,1858 (11 Statutes, 365) LOAN OP 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- atPrice which able. terest. sold. O n d e m a n d . . . 5 and 6 per cent. 1 and 2 years 1 and 2 years ^ of 1 to 6 from date. per cent. Amount authorized. 1909. outAmountissued. Amount standing. 8151,635.26 Indefinite . Par. $51,000,000.00 $47,002,900.00 («) O 1 year 1 year from date. ^ of 1 to 6| P a r . per cent. 10,000,000.00 7,687,800.00 («) 5 years 5'• years from. date. 5 per cent... P a r . 320,000.00 303,573.92 («) 23,000,000.00 &26,122,100.00 («) 1 and 2 years 1 and 2 years 5 | and 6 per. P a r . cent. from date. 1 year 1 year date. from 3 to 6 per cent. Par. Indefinite... At the pleas- 6 per cent. . ' p a r . ure of the Govemment. Jan. 1,1868.... 6 per cent. . l i to 2 20 years per ct. pre. Par J a n . l , 1865.... 5 p e r c e n t . . . 14 years Indefinite . .. Indefinite 52,778,900.00 («) 233,075.00 («) 23,000,000.00 0 28,230,350.00 fej H . > O H W > 960.00 10,000,000.00 5,000,000.00 20,000.00 20,000,000.00 20,000,*000.00 2,000.00 10 or 20 years Dec. 31,1880 .\. 6 p e r c e n t . . . (Av.)89.03| 26,000,000.00 18,416,000.00 5,000.00 15 years 60 days or 2 years. Jan. 1,1874.... 5 per c e n t . . . Av. pre of 3 ^ . 35,364,460.00 60 days or 2 6 p e r c e n t . . . Par to Indefinite years after date. ct.pre. 1,090,850.00 2,800,000.00 July 1,1881 . . . 6 per cent. . Par 20 years. 0 Including conversion of Treasury notes. b Including reissues. Ul 2,300.00 2,250.00 05 CO . TABLE A.—STATEMENT OP THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC—Continued. When redeemable. Rate of interest. Price atwhich sold. After J u n e 30, 1881. 6 per cent.. Par. Indefinite . . A t t h e pleasu r e of t h e Government. Sh p e r c e n t . Length of loan. Amount authorized. Amountissued. o Amount outstanding. LOAN OF JULY AND AUGUST, 1861. The act of July 17,1861 (12 Statutes, 259), authorized the issue of 20 y e a r s . $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 Si per cent interest, and redeemable at the pleasure of the Government. OLD DEMAND NOTES. Acts of July 17, 1861 (12 Statutes, 259); August 5, 1861 (12 Statutes, 313); February 12, 1862 (12 Statutes, 338). SEVEN-THIRTIES OF 1861. Act of July 17, 1861 (12 Statutes, 259) ' , FIVE-TWENTIES OF 1862. Acts of February 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, notless than five dollars, as the Secretary of the Treasury might deem expedient, $60,000,000 to be applied to the redemption of demand notes authorized by the act of July 17, 1861; these notes to be a legal tender in payment of all debts, public and private, within the United States, except duties on imports and interest on the public debt, and to be exchangeable for 6 per cent United • States bonds. The.act of July 11, 1862 (12 Statutes, 532), authorized an additional issue of $150,000,000, of such denominations as the Secretary of the Treasury might deem expedient, but no such note should be for a fractional part of a dollar, and not more than . $35,000,000 of a lower denomination than five dollars; these notes to be a legal tender as before authorized. The act of March 3, 1863 (12 Statutes, 710), authorized a n additional issueof $150,000,000, of such denominations, not less than one dollar, as the Secretary of the Treasury might prescribe; which notes were made a legal tender as before authorized. The same act limited the time in which the A u g . 19 a n d Oct. 1, 1864. O H 1 ^ p e r c e n t . Av. pre. of TWU- 5 or 20 y e a r s . M a y 1, 1867 . . . 6 p e r c e n t . . . Av. p r e . of xWiTI n d e f i n i t e . . On d e m a n d . . $15,050.00 1,600.00 I n d e f i n i t e . . On d e m a n d . . . N o n e . 3 years $250,000,000.00 $189,321,350.00 None Par. 60,000,000.00 a 60,030,000.00 53, 282.50 O Indefinite 139,999,750.00 9,400.00 W 515,000,000.00 514,771,600.00 ,108,250.00 450,000,000. .00 346,681,016.00 a C/3 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 t h e United States legal-tender notes shall be can' celed or retired, and that when any of said notes are redeemed or received into the Treasury under any law, from any source whatever, a n d shall belong to the United States, they shall notbe 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 t o t h e Treasury for redemption, shall be redeemed in gold coin of t h e 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 reservefund 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-rfirst, by exchanging the notes so redeemed for any gold coin in the general fund of the Treasury; second, by accepting deposits of gold coin at the Treasury or at any subtreasury in exchange for such notes; third, by procuring gold coin by the use of said notes in accordance with the provisions of section 3700 of the Revised Statutes of the United States. The above-mentioned act also provides that if the Secretary of the Treasury is unable to restore and maintain the gold coin in the reserve fund by the foregoing methods, and the amount of such gold coin and bullion in said fund shall at any time fall below one hundred million dollars, it shall be his duty to restore the same to the maximum sum of one hundred and fifty million dollars by borrowing money on the credit of the United States, and for the debt so incurred to issue and sell coupon or registered bonds of the United States bearing interest at the rate of not exceeding three per centum per annum, payable quarterly, the bonds to be payable at the pleasure of the United States after one year from the date of their issue, and to be payable, principal and interest, in gold coin of the present standard value, the gold coin received from the sale of said bonds to be exchanged for an equal amount of the notes redeemed and held for exchange, and the Secretary of the Treasury may, in his discretion, use said notes in exchange for gold, or to purchase or redeem any bonds of the United States, or for any other lawful purpose the public interests may require, except that they shall not be used to meet deficiencies in the current revenues. The act of March 4, 1907, section 2, provides that whenever and so long as the outstanding silver certificates of the denominations of one dollar, two dollars, and five dollars, issued under the provisions of section seven of a n act entitled " A n act to define and fix the standard of value, to maintain the parity of all forms of money issued or coined by the United States, to refund the public debt, and for other purposes," approved March fourteenth, nineteen hundred, Ui fel O > Kl O >^ H W > Ul a Including reissues. -:i TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued. to •••"" Length of loan. \Yhen redeemable. Rate of in- at Price which terest. sold. Amount authorized. Amountissued. Amount outstanding. LEGAL-TENDER NOTES—Continued. shall be, in the opinion of the Secretary of the Treasury, insuflacient to meet the public demand therefor, he is hereby authorized to issue United States notes of the denominations of one dollar, two dollars, and fivedollars, and upon the issue of United States notes of such denominations an equal amount of United States notes of higher denominations shall be retired and canceled: Provided, however, That the aggregate amount of United States notc^s-at any time outstanding shall remain as at present fixed by law: And provided further, That nothing in this act shall be construed as affecting the right of any national bank to issue one-third in amount of its circulating notes of the denomination of five dollars, as now provided by fej o H O TEMPORARY LOAN. Acts of February 25, 1862 (12 Statutes, 346); March 17, 1862 (12 Statutes, 370); July 11,1862 (12 Statutes, 532), and June 30, 1864 (13 Statutes, 218). Indefinite .. After 10 days' notice. 4, 5, and 6 per cent. Par $150,000,000.00 a$716,099,247.16 $2,850.00 561,753,241.65 3,000.00 W CERTIFICATES OF INDEBTEDNESS. Acts of March 1, 1862 (12 Statutes, 352); May 17,1862 (12 Statutes, 370), and March 3, 1863 (12 Statutes, 710). lyear 1 year date. after 6 per c e n t . . . Par No limit FRACTIONAL CURRENCY. Acts of July 17, 1862 (12 Statutes, 592): March 3, 1863 (12 Statutes, 711), and June 30, 1864 (13 Statutes, 220). Indefinite . . On presentation. None Par 50,000,000.00 a368,720,079.51 . 6,860,787.28 LOAN OF 1863. ' July 1, 1881. -. 6 per cent... Av. pre. The actof March 3,1863(12 Statutes, 709), authorized a loan of $900,000,000, 17 years and the issue of bonds, with interest not exceeding 6 per centum per o f 4^%%%. annum, and redeemable in not less than- ten nof 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 alreadv advertised for. Bonds of this loan continued at 3i per cent interest, and redeemable Indefinite.. At the pleas- 3^ percent.. P a r . ure of the at the pleasure of the Government. Government. > o 75,000,000.00 75,000,000.00 3,100.00 100.00 fej Ul ONE-YEAR NOTES OF 1863. Actof March 3,1863 (12 Statutes, 710) after 6 per c e n t . . . Par 400,000,000.00 44,620,000.00 80,370.00 2 years after date. 5per c e n t . . . Par 400,000,000.00 166,480,000.00 26,850.00 3 years from date. 6 per cent Par compound. 400,000,000.00 266,696,440.00 159,480.00 200,000,000.00 196,118,300.00 18,660.00 5 or 20 years. Nov.l, 1869... 6 per c e n t . . . Av. pre 400,000,000.00 of 2 , ^ . 125,661,300.00 14,000.00 Aug. 15, 1867 June 15, 1868 ^7^ per cent. Av. pre 800,000,000.00 0829,992,600.00 July 15, 1868 of 2x§§,j. 120,400.00 ^ O 203,327,250.00 19,850.00 ^^ H 332,998,950.00 59,550.00 Ul 379,618.000.00 94,700.00 42,539,930.00 10,100.00 76,000,000.00 I a85,165,000.00 .6,000.00 1 year 1. year date. 2 years Acts of March 3, 1863 (12 Statutes, 710), and June 30,1864 (13 Statutes, 218). TEN-FORTIES OF 1864. 3 years Acts of March 3, 18641(13 Statutes, 13) 10 or 40 years Mar. 1, 1874... 5 per c e n t . . . Par to 7 perct. prem. TWO-YEAR NOTES OF 1863. Actof MarchS, 1863 (12 Statutes, 710) COMPOUND-INTEREST NOTES. FIVE-TWENTIES OF 1864. Act of June 30,1864 (13 Statutes, 218) .- ^ fej O § SEVEN-THIRTIES OF 1864 AND 1865. Actsof June 30, 1864 (13 Statutes, 218); January 28,1865 (13 Statutes, 425), and March 3, 1865 (13 Statutes, 468). 3 years FIVE-TWENTIES OF 1865. W Acts of March 3,1865 (13 Statutes, 468), and April 12.1866 (14 Statutes, 31).. 5 or 20 years- Nov. 1, 1870... 6 per cent... Av. pre Indefinite . of 3XWTI. CONSOLS OF 1865. Acts of March 3,1865 (13 Statutes, 468), and April 12 1866 (14 Statutes, 31).. 5 or 20 years. July 1, 1870., fej 6 per c e n t . . . Av. pre Indefinite.. ofl^^. > CONSOLS OF 1867. Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31).. 5 or 20 years. July 1, 1872... 6 per c e n t . . . Av. pre OfxMtJ CONSOLS OF 1868. Indefinite . . . Actsof March 3,1865 (13 Statutes, 468), and April 12,1866 (14Statutes,31),.. 6or 20 years. July 1,1873... 6 per cent-.. Av.pre ofx^ THREE-PER-CENT CERTIFICATES. Indefinite . Actsof March2,1867 (14 Statutes, 558), and July 25,1868 (15 Statutes,.183).. Indefinite . . I On demand. ..133 per p e r cent, c e n t . . . Par a Including reissues. CO TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued. Length of loan. When redeemable. Rate of interest. Price at which sold. Amount authorized. Amountissued. Amount outstanding. FUNDED LOAN OF 1881. 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 redeinption of fractional currency in silver coins of the denominations of ten, twenty-five, and fifty cents of standard value. The act of March 3, 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 pajinent 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 ot 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 United States Government, after ten years; these bonds to be exempt from the payment of all taxes or duties of the United States, as well as from taxation in any form byor 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 6-20'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. 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 amount of bonds of the loan of 1858, which the holders thereof may, on or before February 1,1874, elect to exchange for the bonds of this loan. fej hj O H O i^ H -10 years May 1, 1881.. 5 percent. Par. $517,994,150.00 $22,600.00 W fej fej l-H > o fej Ul $1,500,000,000 FUNDED LOAN OF 1891. (REFUNDING.) The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of 8300,000,000 a t 4i per centum, payable in coin of the present standard value, at the pleasure of the United States Government, after fifteen years; these bonds to be exempt from the payment of all taxes or duties of t h e 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 a n 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. 15 years. Sept. 1,1891. 4iper cent.. P a r . 185,000,000.00 23,760. 00 xn fej o FUNDED LOAN OF 1891. (RESUMPTION.) T h e a c t o f 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. 15 years- 1,1891... 4^ per cent.. P a r t o l i per ct.pre. Indefinite . fej 65,000,000.00 o fej W fej 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 tbe Treasury of the UnitedStates. This act not to authorize a n 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 77. 30 years. July 1,1907 . . . 4 per cent.., P a r t o i pe r ct. pre. 710,430,950.00 fej > Ul c! 1,857,350.00 FUNDED LOAN OF 1907. (RESUMPTION.) The act of January. 14, 1876 (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. H. 30 years. July 1,1907 ... 4 per cent . Par. Indefinite .. 30,500,000.00 TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued. Length of loan. When redeem- Rate of inable. terest. Price at which sold. On demand .. N o n e . Par. Amount authorized. Amount issued. Amount outstanding. FUNDED LOAN OF 1907 (RESUMPTION)—Continued. 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. GOLD CERTIFICATES. The act of March 3,1863 (12 Statutes, 711), authorizes the Secretary of Indefinite . 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. The act of March 14, 1900, as amended by t h e act of March 4, 1907, 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 ten 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 t h e 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. fej Indefinite . $852,601,869.00 O O H w fej o fej Ul SILVER CERTIFICATES. The act of February 28, 1878 (20 Statutes, 26, sec. 3), provides that any Indefinite ., O n d e m a n d . . holder of the coin authorized by this act may deposit the same with the Treasurer or any assistant treasurer of the United States in sums not less than ten dollars and receive therefor certificates of not less than ten dollars each, corresponding with the denominations of the United States notes. The coin deposited for or representing the certificates shall be retained in the Treasury for the payment of the same on demand. Said certificates shall be receivable for customs, taxes, and all public dues, and, when so received, may be reissued. The actof,August 4, 1886 (24 Statutes, 227), authorizes the issue of silver certificates in denominations of one, two, and 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. 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 un"der 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 upou 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 or h gher denomination t h a n 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 qualites and restrictions as those retired and canceled. None . No limit. 484,414,000.00 Ul Q fel H O fel W fel i > Ul .d &j Kj REFUNDING CERTIFICATES. The act of Februairy 26,1879 (20 Statutes, 321), authorizes the Secreiary of the Treasury to issue, in exchange for lawful money ofthe 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. Indefinite .. C o n v e r t i b l e into 4 per cent bonds. 4 percent.., P a r . No limit. $40,012,750.00 17,720.00 -cr -cr TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF T H E PUBLIC DEBT, ETC.—Continued. Rate of in- at Price which terest. sold. Length of loan. When redeemable. Indefinite . At pleasure of the Government. 3i per eent. Indefinite . At pleasure of the Government. 2per cent.., Amount authorized. Amount issued. 00 Amount outstanding. 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. $50.00 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 Govemment. $25,364,500.00 32,000.00 o H O 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. LOAN OF 1904. T h e act of January 14, 1875 (18 Statutes, 296), authorizes t h e 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. LOAN OF 1925. T h e 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 tbe 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. fej hj t^ Indefinite . 10 years. 200.00 At pleasure of 3per cent.. • the Government. Feb: 1, 1904.. 5 per cent. H H fel fel /117.223 tll7.077 100,000,000.00 43,750.00 > o Ul 30 years . Feb.1,1925.... 4 per cent., ri04.4946 Illl.166 162,315,400.00 118,489,900.00 L O A N O P 1908-1918. The act of June 13, 1898 (30 Statutes, 467, sec. 33), authorizes the Secretary of the Treasury to borrow on the credit of the United States, from time to time, as the proceeds may be required, to defray expenditures authorized on account of the war with Spain (such proceeds when received to be used only for the purpose of meeting such expenditures), the sum of four hundred million dollars, or so much thereof as may be necessary, and to prepare and issue therefor coupon or registered bonds of the United States in such form as he may prescribe, and in denominations of twenty dollars or some multiple of that sum, redeemable in coin at the pleasure of the United States after ten years from the date of their issue, and payable twenty years from such date, and bearing interest payable quarterly, in coin, at the rate of three per centum per annum; the bonds so issued to be exempt from all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority. 10 years . . After Aug. 1, 1908. 3 per cent. Par $400,000,000.00 198,792,660.00 63,945,460.00 Ul ofej fej 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 amount of 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 bonds 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... 839,146,340.00 646,250,150.00 646,250,150.00 Kj O fel H fel H fel ;> Ul d 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 preparedoby the Secretary of the Treasury, in such form and of such denominations, not less than one dollar nor more than 4,215,000.00 CO TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued. 00 o Length of loan. When redeemable. Rate of interest. Price at which sold. Amount authorized. Amount issued Amount outstanding. TREASURY NOTES OF 1890—Continued. 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 aiiy 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 payment of all debts, public and private, except where otherwise expressly stipulated in the contract, and shall be receivable for customs, taxes, and all public dues, and when so received may be reissued; and such notes, when held by any national banking association, may be counted as a part of its lawful reserve. That upon demand of the holder of any of the Treasury notes provided for, the Secretary of the Treasury shall redeem the same in gold or silver coin, at his discretion, it being the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ratio, or such ratio as may be provided by law. 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 not less 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 t h e a c t 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 and fifty million dollars to be used for such redemption purposes only. It also provides that it shall be the duty of the Secretary of the Treasury, as fast as silver dollars are coined under the fej hj O H O 5^ H W fej > o fel Ul 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. PANAMA CANAL LOAN. OO The act of June 28,1902 (32 Stat, 484,sec.'8), provides that the Secretary of the Treasury is hereby authorized to borrow on the credit of the United States from time to time as the proceeds may be required to defray expenditures authorized by this act (such proceeds when received to be used only for the purpose of meeting such expenditures). the sum of one hundred and thirty million dollars, or so much thereof as may be necessary, and to prepare and issue therefor coupon or registered bonds of the United States in such form as he may prescribe, and indenominationsof twenty dollars or some multiple of that sum, redeemable in gold coin at the pleasure of the United States after ten years from the date of theirissue, andpayable thirty years from such date, and bearing interest payable quarterly in gold coin at the rate of two per centum per annum; and the bonds herein authorized shall be exempt from all taxes or duties of the United States, as well as from taxation i n a n y form by or understate, municipal, or local authority: Frovided, That said bonds may be disposed of by the Secretary of th'e Treasury at not less than par, under such regulations as he may prescribe, giving to all citizens of the United States an equal opportunity to subscribe therefor, but no commissions shall be allowed or paid thereon; gtnd a sum not exceeding one-tenth of one per centum of the amount of the bonds herein authorized is hereby appropriated, out of any money in the Treasury not otherwise appropriated, to pay the expense of preparing, advertising, and issuing the same; and the actof December 21,1905 (34 Stat., 5, sec. 1), provides that the two per cent bonds of the United States authorized by section eight of the act entitled " A n act to provide for the construction of a canal connecti n g the waters of the Atlantic and Pacific oceans," approved June tM'^enty-eighth, nineteen hundred and two, shall have all the rights a n d privileges accorded by law to other two per cent bonds of the United States, and every national banking association having on deposit, as proyided by law, such bonds issued under the provisions of said section eight of said act approved June twenty-eighth, nineteen hundred and two, to secure its circulating notes, shall pay to t h e Treasurer of the United States, in t h e months of January and July, a taxof one-fourth of one per cent each half year upon the average amount of such of its notes in circulation as "are based upon the deposit of said two per cent" bonds; and such taxes shall be in lieu of existing taxes on its notes in circulation imposed by section fiftytwo hundred and fourteen of the Revised Statutes. T h e actof August 5, 1909 (36 Stat., 117, sec. 39), provides that the Secretary of the Treasury is hereby authorized to borrow on the credit of the United States from time to time, as the proceeds may be required to defray expenditures on account of the Panama Canal and to reimburse* the Treasury for such expenditures already made and not covered by previous issues of bonds, t h e sum of two hundred and 10 years. After Aug. 1, 1916. 2 p e r c e n t . . . $103.1647 $375,200,980.00 average. $84,631,980.00 $84,631,980.00 Ul fel O &j fej H O fel w fel H fel > Ul d K! 00 00 TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OP THE PUBLIC DEBT, ETC.—Continued. Length of loan. ninety million fivehundred and sixty-nine thousand dollars (which sum together with the eighty-four million six hundred and thirtyone thousand nine hundred [and eightj'J dollars already borrowed upon issues of two per cent bonds under section eight of the act of J u n e twenty-eighth, nineteen hundred a n d two, equals the estimate of the Isthmian Canal Commission to cover the entire cost of the canal frora its inception to its completion), 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 one hundred dollars, fivehundred dollars, and one thousand dollars, payable fifty years from the date of issue, and bearing interest payable quarterly i n gold coin at a rate not exceeding three per centum per annum; and the bonds herein authorized shall be exempt from all taxes or duties of the United States, as well as from taxation i n any form by or under State, municipal, or local authority: Provided, That said bonds may be disposed of by the Secretary of t h e Treasury at not less than,par, under such regulations as he may prescribe, giving to all citizens of the United States an equal opportunity to subscribe therefor, but no commissions shall be allowed or paid thereon; and a sum not exceediug one-tenth of one per centum of the amount of the bonds herein authorized is hereby appropriated, out of any money in the Treasury not otherwise appropriated, to pay the expenses of preparing, advertising, and issuing the same; and the authority contained in section eight of the act of June twentyeighth, nineteen hundred and two, for the issue of bonds bearing interest at two per centum per annum, is hereby repealed. When redeemable. Rate of interest. Price at which sold. Amount authorized. Amountissued. Amount outstanding. • fej o H O w fej > o fel m NATIONAL-BANK NOTES (REDEMPTION ACCOUNT). The act of July 14, 1890 (26 Stat., 289), provides that balances standing with the Treasurer .of the United States to the respective credits of national banks for deposits made to redeem the circulating notes of such banks, and all deposits thereafter received for like purpose shall be covered into the Treasury as a miscellaneous receipt, and the Treasurer of the United States shall redeem from the general cash in the Treasury the circulating notes of said banks which may come into his possession subject to redemption, * * * 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. $28,518,941.00 2,639,546,241.04 83 SECEETAEY OF THE TEEASUEY. TABLE B.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC D E B T 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 J U L Y . O F EACH Y E A R FROM 1843 TO 1909, INCLUSIVE. Year. Jan. 1,1791 1792 1793 1794 1795 1796 1797 1798 1799 1800 1801 1802 1803 1804 1805 1806 1807 1808 1809 1810 1811 1812 1813 1814 1815 1816 1817 1818 1819 1820 1821 1822 1823 1824 1825 1826 1827 1828 1829 1830 1831 1832 1833 1834 1835 1836 1837 1838 1839 1840 1841 1842 1843 Amount. . . . . - . ..: . - . Year. $75,463,476.52 July 1,1843 1844 77,227,924.66 80,358,634.04 1845 1846 78,427,404.77 1847 80.747.587.39 1848 83,762,172.07 1849 82,064,479.33 • 79,228,529.12 1850 78,408,669.77 1851 82,976,294.35 1852 83,038,050.80 1853 80,712,632.25 1854 1855 77.054.686.40 1856 ... 86,427,120.88 1857 82,312,150.50 75,723,270.66 1858 69,218,398.64 1859.... 65,196,317. 97 I860 57,023,192.09 .1861 1862 53,173,217.52 48,005,587.76 1863 45,209,737. 90 1864 55,962,827.57 1865 81,487,846.24 1866 99,833,660.15 1867 1868 127,334,933.74 1869 123,491,965.16 1870 103,466,633.83 1871 95,529,648.28 1872 91,015,566.15 1873 89,987,427.66 1874 93,546,676.98 1875 .^.. 90,875,877.28 1876 -90,269,777.77 1877 83,788,432.71 1878 81,054,059.99 1879 73, 987,357.20 1880 67,475,043.87 1881 58,421,413.67 1882 . .... 48,565,406.50 1883 39,123,191. 68 1884 24,322,235.18 1885 7,001,698.83 1886 4,760,082.08 1887 33,733.05 1888 37,513.05 1889 336,957.83 1890 3, 308,124.07 1891 10,434,221.14 1892 3,573,343.82 1893 5,250,875.54 1894 13,594,480.73 1895 20,201,226.27 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905.... 1906 1907 1908 ... 1909 Amount. $32,742,922.00 23,461,652.50 15,925, 303.01 15,550,202.97 38,826,534.77 47,044,862.23 63,061,858.69 63,452,773.55 68,304, 796.02 66,199,341. 71 59,803,117.70 42,242, 222.42 35,586,956.56 31,972,537.90 28,699,831.85 44,911,881. 03 58,496,837.88 64,842,287.88 90,580,873.72 524,176,412.13 1,119,772,138.63 1,815,784, 370.57 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 2,234,482,993.20 2,251,"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 2,120,415,370.63 2,069,013,569.58 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 1,657,602,592.63 1,692,858,984. 58 1,619,052 922 23 1,552,140,204.73 1,545,996 591.61 1,588,464,144.63 1,545,985,686.13 1,632,253,636.68 1,676,120,983.25 1,769,840,323.40 1,817,672,665.90 1,796,531,995.90 1,991,927,306.92 2,136,961 091 67 2,143,326,933.89 2,158,610,445.89 2,202,464,781.89 2,264,003 585 14 2,274,615,063.84 2,337,161,839.04 2,457,188,061.54 2,626,806,271.54 2,639, 546,241.04 TABLE C . — A N A L Y S I S OF THE PRINCIPAL OF T H E PUBLIC D E B T OF THE UNITED STATES FROM JULY 1, 1856, Year. 1856—Julyl 1857 1858-...: 1859 1860 1861 • 1862 1863 1864 1866 1865—August 31 1866—Julyl 1867 1868 1869. 1870 1871 1872 ; 1873 1874 1875 1876 . 1877 1878 1879 1880 1881 1882 1883 1884 1885... 1886 1887 1888 1889 1890 1891 1892 . . 1893 1894 2 percents. 3 percents. 3i p e r c e n t s . 4 percents. 4i p e r c e n t s . -' $64,000,000.00 66,125,000.00 59,550,000.00 45,885,000.00 24,665, 000.00 14,000,000.00 14,000, 000.00 14,000,000.00 14,000,000.00 14,000,000. 00 14,000,000.00 14,000, 000.00 14,000,000.00 14,000, 000.00 14,000, 000.00 318,204, 350.00 238,612,150.00 208,190,500.00 158,046, 600.00 33,716, 500.00 14,000,000.00 14,000,000.00 14,000,000.00 • $57,926,116.57 105,629,385. 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, 349,350.00 737,942,200.00 737,951,700.00 737, 960,450. 00 737, 967, 500.00 737,975,850.00 714,315, 450.00 676,214,990.00 602,297,360.00 559,659, 920.00 559,664,830.00 559,672,600.00 559,677,390.00 $140,000,000.00 240,000,000.00 250,000,000.00 250,000,000.00 250,000,000.00 250,000,000.00 250,000,000.00 2.50,000,000. 00 250,000,000. 00 250,000,000. 00 250,000,000.00 222,207,050.00 139,639,000.00 109,015,750.00 50,869,200.00 a 25,364,500. 00 a 25,364,500.00 a 25,364,500.00 5 percents. 6 percents. $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 30,483,000.00 300.213.480.00 245,709,420.63 269,175,727.65 201.982.665.01 198,533,435.01 221,586,185.01 221,588,300.00 221,588,300.00 274,236,450.00 414,567,300.00 414,567, 300.09 510,628,050.00 607,132,750.00 711, 685,800.00 703,266,650.00 703,266,650.00 508,440,350.00 484,864,900.00 439,841,350.00 $28,130,761. 77 24,971,958.93 21,162,838.11 21,162,938.11 21,164,538.11 57,358,673.95 154,313,225.01 431,444,813.83 842,882,652.09 1,213,495,169.90 1,281,736,439.33 1,195,546,041.02 1,543,452,080.02 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 1,281,238,650.00 1,213,624,700.00 1,100,865,550. 00 984,999, 650.00 854,621,850.00 738,619,000.00 283, 681,350.00 235,780,400.00 196,378„600.00 50,000,666.66 TO J U L Y 1, lj% p e r c e n t s . $122,582,485.34 139,974,435.34 139,286,935.34 671,610,397.02 830,000,000.00 813,460,621.95 488,344,846. 95 37,397,196.95 1909. CO .Total i n t e r e s t bearing 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 1,359,930,763.50 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 -1,711,888,500.00 1,794,735,650.00 1,797,643,700.00 1,723 993 100 00 1,639,567,750.00 1,463,810,400.00 1,338, 229,150.00 1,226,563,850.00 1,196,150,950.00 1,146,014,100.00 1,021,692,350.00 950,522,500.00 829,853 990.00 725,313,110.00 010,529,120.00 585,029,330.00 585,037,100.00 635,041,890.00 fel o H o H fel fel H-l !^ O fel Ul 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 . . 198,678,720.00 $307,125,350.00 128,843,240.00 99, 621,420.00 445,940,750.00 97,515, 660.00 445,940,750.00 83,107,060.00 520,143,150.00 77,135,360. 00 542,909,950.00 77,135,360.00 542,909,950.00 63,945,460.00" 595,942,350.00 63,945,460.00 676,250,150.00 78,131,960.00 700,882,130.00 730,882,130. 00 63,945,460. 00 590,837,560.00 721,999,390.00 722, 000,630.00 722,002,970.00 722,005,530.00 517,879,220.00 419,724,770.00 368,203,580.00 291,906,150.00275,112,130.00 275,113,030.00 235,271,330.00 154,638,670.00 118,489,900.00 118,489,900.00 a 25,364,500.00 a 25,364,500.00 a 25,364,500.00 a 25,364,500.00 a 25,364,500.00 a 21,979,850. 00 a Continued at 2 per cent. 100,000,000.00 100,000,000.00 100,000,000.00 100,000,000.00 100,000,000.00 47,651,200.00 21,854,100.00 19,410,350.00 19,385,050.00 716,202,060.00 847,363,890.00 847,365,130.00 847,367,470.00 1,046,048,750.00 1,023 478 860 00 987,141,040. 00 931,070, 340.00 914,541,410.00 895,157,440.00 895,158,340.00 895 159 140.00 894,834;280.00 897,503,990.00 913,317,490.00 m fel O Hi O fej H tn fej !?^ fej > Ul 00 0^ 00 CD TABLE C.—ANALYSIS OF THE PRINCIPAL OF THE PUBLIC DEBT OF THE UNITED STATES, ETC.—Continued. Debt on which interest has ceased. 1856—July 1. -.. 1857 1858 1859 1860 1861 1802 1863 1864 1865 1865—August 31 1866—Julyl.... 1867 18L68 1869 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 Debt bearing no O u t s t a n d i n g p r i n - Cash 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 in Treasury. u r y J u l y 1. cipal. interest. charge. $209,776.13 238,872.92 211,042.92 206,099.77 201,449.77 199,999.77 280,195.21 $158,591,390.00 411,767,456.00 473,048.16 455,437,271.21 416,335.86 458,090,180.25 1,245,771.20 461,616.311.51 1,503,020.09 439,969,874.04 935,092.05 428,218,101.20 1,840,615.01 408,401,782.61 1,197,340.89 421,131,510.55 5,260,181.00 430,508,064'. 42 3,708,641.00 416,565,680.06 1,948,902.26 430,530.431.52 7,926,797.26 472,069,332.94 51,929,710. 26 509,543,128.17 3,216,590.26 820.26 498,182,411. 69 11,425, 465,807,196.89 3,902,420.26 476,764,031.84 16,648,860.26 455,875,682.27 5,594,560.26 630.26 410,835,741.78 37,015, 388,800,815.37 7,621,455. 26 865.26 422,721,954. 32 6,723, 438,241,788.77 16,260,805.26 415.26 538,111,162.81 7,831, 684,308,868.31 19,656,205.26 995.26 663,712,927.88 4,100, 619,344,468.52 9,704,445.26 165.26 629, 795,077.37 6,115, 739,840, 389.32 2,496,095.26 485.26 787, 287,446.97 1,911,805.26 825,Oil,289.47 1,815,705.26 933, 852,766.35 1,614,875.26 2,785,060.26 1,000,648,939.37 958, 854,525.87 2,094, $31. 972,537.90 28; 699,831.85 44; 911,881.03 58, 496,837.88 64; 842,287.88 90, 580.873.72 524, 176.412.13 1.119, 772,138.63 1,815, 784.370.57 2,680, 647,869.74 2,844, 649.626.56 2,773, 236,173.69 2,678, 126,103.87 2,611 687,851.19 2,588; 452,213.94 2,480, i72,427.81 2,353, 211,332.32 2,253, 251,328.78 2,234, 482,993.20 2,251, 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, 415,370.63 2,069, 013.569.58 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; 602,592.63 1,692, 858.984.58 1,619, 052,922.23 1,552, 140.204.73 1,545, 996,591. 61 1,588, 464,144. 63 1,545, 985,686.13 $21,006,584.89 18,70i,210. 09 7,011,689.31 5,091,603. 69 4,877,885.87 2,862,212.92 18,863,659.96 8,421,401.22 106,332,093.53 5,832;012.98 88,218,055.13 137,200.009.85 169,974; 892.18 130,834,437.96 155,68O;340.85 149,502,471.60 106,217,263.65 103,470,798.43 129,020,932.45 147, 541,314.74 142,243,361.82 119,469,726.70 186,025,960.73 256,823,612.08 249,080,167.01 201,088,622.88 249,363,415.35 243,289,519.78 345,389,902.92 391,985,928.18 488,612,429.23492,917,173.34 482,433,917.21 629,854,089.85 643,113,172.01 661,355,834.20 694,083,839.83 746,937,681.03 707,016,210.38 $10, 965,953.01 9, 998,621.76 37, 900.191.72 53, 405,234.19 59, 964,402.01 87, 718,660.80 »505 312,752.17 1,111, 350.737.41 1,709; 452,277.04 2,674; 815,856.76 2,756, 431,57L43 2,636; 036,163.84 2,508, 151,211.69 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 2,105, 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, 382,280.45 1,996! 414,905.03 1,919, 326,747.75 1,819, 650,154.23 1,675, 023,474.25 1,538, 781,825.15 1,438, 542,995.39 1,375, 352,443.91 1,282, 145,840.44 1,175, 168.675.42 1,063, 004.894.73 975, 939.750.22 890, 784,370.53 851, 912,751. 78 841, 526,463.60 969,475. 75 445.70 1,672,767.53 2,446,670.28 3,126,166.28 3,443,687.29 5,092,630.43 22,048,509.59 41,854,148.01 78,853,487.24 137,742,617.43 150,977,697.87 146,068,196.29 138,892,451.39 128,459,598.14 125,523,998.34 118,784,960.34 111,949,330.50 103,988,463.00 98,049,804.00 98,796,004.50 96,855,690.50 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 45,510,098.00 41,780,529.50 38,991,935.25 33,752,354.60 29,417,603.15 23, 615,735.80 22.893,883.20 22.894,194.00 fej O o 1-5 fel > o fel Ul 1894 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1,851,240.26 1,721,590.26 1,636,890.26 1,346,880.26 1,262,680.26 1,218,300.26 1,176,320.26 1,415,620.26 1,280,860.26 1,205,090.26 1,970,920.26 1,370,245.26 1,128,135.26 1,086,815.26 4,130,015.26 2,883,855.26 995,360,506.42 958,197,332.99 920,839,543.14 968,960,655.64 947,901,845.64 944,660,256.66 1,112,305,911.41 1,154,770,273.63 1,226,259,245.63 1,286,718,281.63 1,366,875,224.88 1,378,086,478.58 1,440,874,563.78 1,561,266,966.28 1,725,172,266.28 1,723,344,895.78 1,632,253,636.68 1,676,120,983.25 1,769,840,323.40 1,817,672,665.90 1,796,531,995.90 1,991,927,306.92 2,136,961,091.67 2,143,326,933.89 2,158,610,445.89 2,202,464,781.89 2,264,003,585.14 2,274,615,063.84 2,337,161,839.04 2,457,188,061.54 2,626,806,271.54 2,639,546,241.04 732,940,256.13 774,448,016.51 814,543,069.70 831,016,579.-76 769,446, 503.76 836,607,071.73 1,029,249,833.78 1,098,587 813.92 1,189,153,204.85 1,277,453 144.58 1,296,771,811.39 1,284,748,291.87 1,372,726 152.25 1,578,-59i:306.51 1,688,673: 862.16 1,615,684:^710.25 899,313,380.65 901,672,966.74 955,297,253.70 986,656,086.14 1,027,085,492.14 1,155,320,235.19 1,107,711,257.89 1,044,739,119.97 969,457,241.04 925,Oil,637.31 967,231, 773.75 989,866,771.97 964,435,686.79 878,596,755.03 132,409.38 861,530.79 25,394,385.60 29,140,792.40 34,387,265.60 34,387,315.20 34,387,408.80 40,347,872.80 33,545,130.00 29,789,153.40 27,542,945.50 25,541,573.30 24,176,745.00 24,176,781.00 23,248,064.00 21,628,913.60 20,946,270.41 21,275,602.40 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 m a d e u p 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 t h e amount outstanding: August 31, 1865, this being the date a t which t h e public debt reached its highest point. This loan bore interest from 4 per cent to 6 per cent, a n d was redeemable on ten days' notice after thirty days, b u t being constantly changing it has been considered more equitable to include t h e whole amount outstanding as bearing 4 per cent interest "on a n average for t h e year. Ul fej O fel H > K! O fel H w fel H fel Ul d 00 88 EEPORT ON T H E FINTANCES. TABLE D.—STATEMENT OF THE ISSUE AND REDEMPTION OF LOANS AND TREASURY NOTES AND OF DEPOSITS AND REDEMPTIONS IN NATIONAL-BANK NOTE ACCOUNT (BY WARRANTS) FOR THE FISCAL YEAR ENDED J U N E 30, 1909. Excess of issues and deposits. Issues and de- Redemptions. posits. Legal-tender notes, acts of Feb. 25 and July 11,1862, Jan. 7 and Mar. 3, $132,940,000.00 $132,940,000.00 1863, and Mar. 14,1900 Fractional curreucy, acts of July 17, 1862, Mar. 3, 1863, and June 30,1864.. 2,027.00 Gold certificates, acts of Mar. 3, 1863, 294,710,000.00 261,892,000.00 $32,818,000.00 July 12,1882, and Mar. 14,1900 One-year notes of 1863, act of Mar. 3, 1863 30.00 Compound-interest notes, acts of Mar. 3,1863, and June 30,1864 ^ 230.00 Ten-forties of 1864, act of Mar. 3,1864 200.00 ^ Seven-thirties of 1864 and 1865, acts of June 30,1864, and Mar. 3 1865 650.00 Consols of 1865, act of Mar. 3,1865 450. 00 Consols of 1867, act of Mar. 3,1865 500.00 Consols of 1868, act of Mar. 3, 1865 700.00 Silver certificates, acts of Feb. 28,1878, 336,860,000.00 326,796,000.00 and Mar. 14,1900 10,064,000.00 Refunding certificates, act of Feb. 26, 1879 550.00 Funded loan of 1881, acts of July 14, 1870, Jan. 20,1871, and Jan. 14,1875... 6,050.00 National-bank note account, act of 45,624,239.50 July 14,1890 . . 89,562,083.00 Treasury notes of 1890, acts of July 14, 1890 and Mar. 14 1900 . . . 767,000.00 Funded loan of 1891, acts of July 14, — 1870 Jan. 21,1871, and Jan. 14 1875 . 750.00 Loan of 1904, acts of Jan. 14,1875, and Mar. 14,1900 28,850.00 Funded loan of 1907, acts of July 14, 1870, Jan. 20,1871, Jan. 14,1875, and Mar 14,1900 1,208,200.00 Panama Canal loan, acts June 28,1902, 30,000,000.00 30,000,000.00 and Dec. 21, 1905 : 14,186,500.00 Certificates of indebtedness Total 840,134,239.50 827,391,770.00 72,882,000.00 Excess of issues Excess of redemptions Net excess of issues Excess of redemptions. $2 027 00 30 00 230.00 200 00 650 00 450 00 500 00 700.00 560 00 5 050 00 43,937,843.50 767,000.00 750 00 28,850.00 1,208,200.00 14,186,500.00 60,139,530.50 72,882,000.00 60,139,530.50 j 1 12,742,469 60 TABLE E.—STATEMENT SHOWING Principal redeemed. Y'ear e n d e d - Five-twenties Five-twenties Five-twenties • Five-twenties Consols, 1865 Consols, 1867 Consols, 1868 of of of of T H E P U R C H A S E A N D R E D E M P T I O N O F B O N D S ON ACCOUNT O F T H E S I N K I N G F R Q M I T S I N S T I T U T I O N I N M A Y , 1869, TO A N D I N C L U D I N G J U N E 30, 1 9 0 9 . . JUNE 30, 1869. 1862 . . . , March,' 1864 June, 1864 1865 Premium paid. Net cost in currency. Net cost estimated in gold. $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 49,442.50 $1,874,822.84 81,725.00 1,212,946.45 539,969.00 534,736.80 5,467,208.08 354,442.50 $1; 349,970.02 57,552.82 873,205.61 387, 566.28 387,903.26 3, 948, 586.11 256,653.20 8,691,000.00 1,374,850. 67 10,065,850.67 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 53,363. 95 28,151,900.00 F U N D DURING EACH FISCAL Interest due at close of fiscal year. Accrued interest paid in coin. YEAR Balance of interest due a t close of fiscal year. $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 7,261,437.30 196,590.00 136,392.56 60,197.44 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 5,350.00 165,834.00 105,257.50 495,421.50 302,734.50 19,380.00 45,994.49 1,080.99 49,946.00 37,113. 53 145,518.29 66,111. 51 5,238.73 114,925.01 . 4,269.01 115,888.00 68,143.97 349,903.21 236,622.99 14,141.27 3,747,053. 68 31,898,953. 68 25,893,143.57 351,003.54 903,893.46 2,792,950.00 29,500.00 3,967,350.00 6,768,600.00 10,222,200.00 6,103,050.00 52,600.00 227,607. 56 2,277. 20 340,529. 63 574,923.00 850,949.79 541,559. 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 57,384.61 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 36, 657. 80 388.35 51,703.46 92,259.58 109,455.28 76,745.93 572.13 109,317.20 851.65 149,671.54 239,673.92 412,661.72 274,782.07 2,523.87 29,936,250.00 2,542,631. 20 32,478,881.20 28,694,017.73 6,417,850.00 127,100.00 3,604,650.00 3,635,200.00 11,788,900.00 6,958,900.00 85,850.00 764,055. 21 14,959.03 438,656.16 436,838.70 1,436,989.46 833,600.15 9,951.63 7,181,905.21 142,059.03 4,043,306.16 4,072,038.70 13,225,889.46 • 7,792,500.15 95,801. 63 6,345,391. 98 126,123.46 3,573,223.63 3,594,747.85 11,660,785.89 6,863, 777.39 84,595.02 32, 618,450.00 3,935,050.34 36,553,500.34 32,248,645.22 Ul fel O fel Total Five-twenties Five-twenties Five-twenties Five-twenties Consols, 1865 Consols, 1867 Consols, 1868 of of of of JUNE 30, 1870. 1862 '. March, 1864 June, 1864 1865 Total Five-twenties Five-twenties Five-twenties Five-twenties Consols, 1865 Consols, 1867 Consols, 1868 of of of of JUNE 30, 1871. 1862 March, 1864 June, 1864...: 1865 of of of of JUNE 30, 1872. 1862 March, 1864 June, 1864 1865 '. Total Five-twenties Five-twenties Five-twenties Five-twenties Consols, 1865. Consols, 1867 . Consols, 1868 , Total 1,254,897.00 145,975.00 1,240.' 00 201,375.00 331,933.50 522,117.00 351,528.00 3,096.00 1,557,264.50 427,849.00 8,894.00 246,001.50 246,562.00 707,334. 00 417,534.00 5,151.00 2,059,325.50 367,782.53 75,179.43 1,338. 70 57,449.80 37,817.37 149,248.21 108,487.92 1,386.95 430,908.38 o fel fej > d Ul 1,189,481.97 352,669.57 7,555.30 188,551.70 208,744.63 558,085.79 309,046.08 3,764.06 1,628,417.12 GO CO TABLE E.—STATEMENT SHOWING T H E PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING FUND, ETC.—Continued. Year ended— B a l a n c e of interest due a t close of fiscal y e a r . Interest due a t close of fiscal year. Accrued interest paid in coin. $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 3,500.00 223,270.50 120,266.50 646,095.00 264,126.00 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 32,349,258.17 28,457,562.83 1,725,881.50 392,385.45 1,333,496.05 161,219.79 218,457. 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 31,74.3.95 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 1,395,073. 55 14,331,523. 55 12,872,850.74 823,082.00 222,586.28 600,495. 72 N e t cost i n currency. N e t cost estimated in gold. $925,783.87 7,372. 50 480,684. 37 250,635.93 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 3,671.258.17 P r i n c i p a l redeemed. Premium paid $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 28.678.000.00 CO O 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 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 , 1864 F i v e - t w e n t i e s of 1865 Consols, 1865 Consols, 1867 Consols, 1868 Total 1,421,700.00 •2,020,550. GO r, 247,250.00 3,393,650.00 4,051,000.00 802,300.00 12,936,450.00 . F i v e - t w e n t i e s of 1862 25,170,400.00 25,170,400.00 541,973.50 353,061.'56 188,911.94 J U N E 30,1876.. F i v e - t w e n t i e s of 1862 - F i v e - t w e n t i e s of J u n e , 1864 F i v e - t w e n t i e s of 1865 5, 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 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 . Total . H O "^ W fej a fel Ul 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 sj > J U N E 30, 1875. Total fej fej o 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 8,500.00 966.00 834.00 129.00 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 1,142.66' 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 9,050.00 100.00 165.75 94.50 85.50 102.00 543.00 6.00 40.35 18.53 41.22 41.49 166.62 .56 125.40 75.97 44.28 60 51 376.38 5.44 18,500.00 18,500.00 996.75 308.77 687.98 s 100.00 100.00 250.00 676,050.00 2,837,000.00 32r064,250.00 12,797,150.00 202,550.00 23,575,450.00 1,500,000.00 4.00 4.00 14.50 28,168.75 85,110.00 1,165,807.50 484,747. 50 9,787.50 415,162.70 15,000.00 .67 .49 5.85 12,872.65 47,540.20 518,148.79 213,179.29 3,662.56 130,349.36 10,191.74 3.33 3.51 8 65 15,296.10 37,569.80 647,658.71 271,568.21 6,124.94 284,813.34 4,808.26 o- 74,161.95 1,376,085.04 649,035.18 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 2,203,806.45 936,951.60 1,267,854.85 3,000.00 50.00 100.00 7,775,000.00 16,712,450.00 7,057,100.00 54,250.00 42,769,400.00 51,277.58 488,876.11 199,514.62 1,408.65 320,171.82 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 83,330.51 551.11 263,342. 94 129.78 3.25 5.26 302,317.12 802,703.05 277,984.99 2,033.39 843,131.21 74,371,350.00 1,061,248.78 75,432,598.78 2,935,731.65 707,423.60 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 Total ^' fet: Hi fel; fej^ i > JUNE 30, 1881. Five-twenties of 1862 Five-twen ties of June, 1864 Five-twenties of 1865 Loan of February, 1861 Loan of July and August, 1861 Loan of March, 1863 Oregon war debt Funded loan of 1881 m fej O' d' 2,228,308.05 CO TABLE E.—STATEMENT SHOWING T H E PURCHABB AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING F U N D , Interest due a t close of fiscal year. Accrued interest paid in coin. $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 20.55 108, 945.70 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 P r e m i u m paid. N e t cost i n currency. CD B a l a n c e of interest due a t close of fiscal y e a r . N e t cost estimated i n gold. P r i n c i p a l redeemed. Year ended— ETC.—Continned. 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 i p e r c e n t L o a n of M a r c h , 1863, c o n t i n u e d a t 3^ p e r c e n t F u n d e d l o a n of 1881 c o n t i n u e d a t 3^ p e r c e n t F u n d e d l o a n of 1881' $55,215,850.00 2,637,850.00 1,000.00 2,224,450.00 Total 60,079,150.00 / J U N E 30, 1883. 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 S i p e r c e n t L o a n of M a r c h , 1863, c o n t i n u e d a t 3^ p e r c e n t F u n d e d l o a n of 1881, c o n t i n u e d a t 3? p e r c e n t Total o . 1,097,617.42 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 i p e r c e n t L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3 i p e r c e n t F u n d e d l o a n of 1881, c o n t i n u e d a t 3 i p e r c e n t . . L o a n of J u l y 12,1882 Total 13.35 164. 24 2,823. 94 7,069. 86 276,923.93 31,884. 61 -3.85 22.84 11,965.31 12,748.89 741,253.04 208,245.52 318,879.93 974,231.75 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 1,160,703.49 271,667.32 889,036.17 200.00 5,200. 00 422,550.00 566,250.00 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 1,01.8,176.97 240,130.13 46,769,600.00 •46,769,600.00 1,293,111.68 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 45,588,150.00 45,588,150.00 • J U N E 30, 1885. Total H O ' 1-3 fel J U N E 30, 1884. 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 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 fej :... >.... a fej Ul JUNE 80, 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 1865 Consols of 1867 , Consols df 1868 F u n d e d loan of 1881 Loan of 1882 Loan of 1863, continued at 3^ per cent Loan of July a n d August, 1861, continued at 3^ per cent. Funded loan of 1881, continued at 3^ per cent 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 Si per cent , Funded loan of 1881, continued at Si 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 96,750.00 190,750.00 100.00 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 L50 53.25 3L50 1,425.00 85.25 6.00 356.25 419.25 662.25 203.25 826.50 435,942.01 123.00 2,848.50 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 -42.05 215,324.57 91.68 1,287.74 3,638. 79 44,531,350.00 44,531,350.00 447,687. 64 242,487.45 205,200.19 47,748,750.00 1,300.00 3,100.00 28,700.00 650.00 8,000.00 2,000.00 13,400.00 18,200.00 34,000.00 1 500.00 ! 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 1,383,537.83 231,864.88 1,151,672.95 Ul ofej fel 47,894,200.00 o fej W fej H fej ;> Ul JUNE 30, 1888. Loan of 1882 Funded loan of 1891 Funded loan of 1907 , , 18,880,500.00 19,455,400.00 5,389,250.00 $1,555,966.17 1,296,049.71 18,880,500.00 21,011,366.17 6,685,299.71 660,630.00 794,247.00 203,293.00 94,660.88 95,098.43 43,817.79 , 43,725,150.00 2,852,015.88 46,577,165.88 1,658,170.00 233,577.10 1,424,592.90 Oregon war debt Loan of July a n d August, 1861 Loan of 1882 Loan of July and August, 1861, continued at 3i per cent. Loan of 1863, continued at 3i per cent. Funded loan of 1891 Funded loan of 1907 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 1,011,368.00 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 39,066,150.00 8,517,140.30 47,573,290.30 1,493,360.87 220,280.64 Total 565,969.12 699,148.57 159,475., 21 JUNE 30, 1889. Total '. 1,273,080.23 c£) CO CO T A B L E E.—STATEMENT SHOWING THE PURCHASE AND R E D E M P T I O N OP BONDS ON ACCOUNT OF THE SINKING F U N D , ETC.—Continued. Principal redeemed. Year ended— L o a n of 1882 L o a n of J u l y Funded loan F u n d e d loan Funded loan J U N E 30, 1890. • a n d A u g u s t , 1861, c o n t i n u e d a t 3^ p e r c e n t of 1881 of 1891 of 1907 Total . .. P r e m i u m paid. N e t cost i n currency. N e t cost estimated in gold. Interest due a t close of fiscal y e a r . Accrued interest paid i n coin. $119.25 35.00 137.50 537,523.68 1,045,804.50 $11.39 16.88 109.14 69,588.99 156,655.13 B a l a n c e of interest due at close of fiscal y e a r . $4,050.00 1,000.00 3,000.00 12,136,750.00 27,695, 600.00 $710,666.79 7,536,058.37 $4,050.00 1,000.00 3,000.00 12,847,416.79 35,231,658.37 39,840,400.00 8,246,725.16 48,087,125.16 1,583,619.93 226,381.53 1,357,238.40 6,300.00 950.00 100.00 27,860,400.00 16,134,000.00 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 14 591,331.22 44,001,7.50.00 3,860,086.28 47,861,836.28 1,720,975.74 1,210,799.92 610,175.82 50.00 10,000.00 10,650.00 50.00 350.00 500.00 15,700.00 24,225,800.00 47,700.00 50.00 10,000.00 10,650.00 50.00 350.00 500.00 15,700.00 24,225.800.00 47', 700.00 2.25 250.00 370.12 1.75 11.67 10.79 218.00 1,085,419.69 792.38 1.42 250. 00 93.30 .15 26.76 4.25 53.64 179,940.75 41.93 83 276 82 1.60 —15 09 6 54 164.36 905,478.94 750.45 24,310,800.00 24,310,800.00 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 25.00 1,000.00 7,600.00 2,000.00 1,000.00 1,000.00 76,850.00 511,700.00 .75 30.00 228.00 35.00 17.50 23.33 2,653.75 16,580.99 .75 90.00 2,358.00 24.74 8.10 .86 377. 80 5,977.72 —60.00 -2,130.00 10.26 9.40 22.47 2,275.95 10,603.27 601,175.00 19,569.32 8,837.97 10,731.35 $107.86 18 12 28.36 467 934 69 889,149.37 J U N E 30, 1891. L o a n of 1882 L o a n of J i i l y a n d A u g u s t 1861 L o a n of 1863 F u n d e d l o a n of 1891 F u n d e d l o a n of 1907 . Total J U N E 30, 1892. War-bounty scrip . . L o a n of 1860 L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3^ p e r c e n t L o a n of 1863, c o n t i n u e d a t 3^ p e r c e n t F u n d e d l o a n of 1881 F u n d e d l o a n of 1881, c o n t i n u e d a t 3 i 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 S 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 Sh 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 Si p e r c e n t L o a n of 1882 F u n d e d l o a n of 1891 Total . . . . . 601,175.00 a fel fej o O M fel fel l-H > a fel Ul Loan of Loan of Funded Funded Loan of Funded July July loan loan 1882 loan JUNE 30, 1894. a n d August, 1861 and August, 1861, continued at 3^ per cent. of 1881 of 1881, continued at 3i per cent of 1891 Total Loan of Loan of Funded Funded Loan of Funded , JUNE 30, 1895. July and August, 1861 1 1863 loan of 1881 loan of 1881, continued at 3^ per cent 1882 loan of 1891. , , , , Total 100.00 18,000.00 1,000.00 15,400.00 4,400.00 176,000.00 100.00 18,000.00 1,000.00 15,400.00 4,400.00 176,000.00 6.00 630.00 158.33 359. 33 73.00 6,278.81 3.00 270.99 151.51 134.75 22.29 1,721.51 3.00 359 01 6.82 224 58 50.71 4,557.30 214,900.00 214,900.00 7,505.47 2,304.05 5,201.42 7,400.00 3,000.00 3,100.00 2,500.00 7,350.00 96,200.00 7,400.00 3,000.00 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 32L00 90.00 454.64 19.99 47.47 1,810.73 —291.31 16.47 49.65 1,698.31 m 119,550.00 119,550.00 4,221.45 2,743.83 1,477.62 fej. 50.00 500.00 500.00 3,200.00 2,000.00 3,200.00 58,150.00 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 15.00 397.43 35.00 22.10 1,159.68 15.00 15.00 -3.26 35. OO 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..0O 33.26 15.00 15.30 14.58 18.72, 21.51 6,247.96. 245,900.00 16,266.91 9,894.58 6,372.3^ 11,000.00 2,650.00 100.00 21,350. 00 100.00 11,000.00 2,650.00 100.00 21,350.00 100.00 2,130.00 233.95 1.46 369.18 3.50 1,830.00 174.65 .88 166.87 .36 300. OOi 59.30 .58. 202.31 3.14 35,200.00 35,200.00 2,738.09 2,172.76 565.33; 4.50 fei o 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 Si per cent. Loan of 1882 , F u n d e d loan of 1891 Total JUNE 30, 1897. Loan of July a n d August, 1861 Five-twenties of 1862 , Loan of 1863 Funded loan of 1881 Funded loan of 1881, continued at Si per cent , Loan of July and August, 1861, continued at 3^ per cent. Loan of July 1.2, 1882 , Funded loan of 1891 , 245,900.00 Total Xoan of Funded Funded Funded liOan of July loan loan loan July 2,400.00 1,000.00 500.00 500.00 1,000.00 1,500.00 1,600.00 237,400.00 JUNE 30, 1898. and August, 1861 of 1881 : of 1881, continued at 3i per cent of 1891 12, 1882 Total ' o fel i-M fel H fel > m CD TABLE E.—STATEMENT SHOWING T H E PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING F\JND, ETC.—Continned. Principal redeemed. Year ended— Premium paid. Net cost in currency. Net cost estimated in gold. Interest due at close of fiscal year. Accrued interest paid in coin. Balance of interest due at close of fiscal year. JUNE 30, 1899. Loan of July and August, 1861 Loan of 1863 . . . Funded loan of 1881 Funded loan of 1881 continued at 3? per cent Loan of July 12, 1882 Funded loan of 1891 ' Total JUNE 30, 1900. War bounty scrip .. . Loan of July and August, 1861 Funded loan of 1881 Funded loan of 1891 Funded loan of 1891, continued at 2 per cent Funded loan of 1907 Loan of 1904 $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 $2,277.00 15.00153.60 2.49 25.56 700.21 $15.00 34.32 17.93 113.94 472.59 27,050.00 27,050.00 3,827. 64 3,173.86 653.78 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 3,608.98 345,995.86 151,706.61 . 100. 00 600. 00 30O00 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 30O00 36, 600.00 3,384,650.00 16,134,919.40 5,539,233.00 22,722,800.00 2,373,502.40 25,096,302.40 603,638.73 102,014.58 501,624. .15 14,000. 00 3,000.00 500.00 5,850.00 21,705,250.00 12,983,700.00 1,084,300.00 291,520.00 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 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 9.97 98.49 333,696.74 79,016.54 3,726.05 338.89 36,088,120.00 1,841,120. 77 37,929,240.77 564,719. 47 147,682.79 417,036.68 JUNE 30, 1901. Loan of July and August, 1861 Loan of 1863 Loan of July and August, 1861, continued at Si per cent Funded loan of 1891 Funded loan of 1891, continued at 2 per cent Funded loan of 1907 Loan of 1904 Loan of 1908-1918 o 0 Total . Total fel o w fel > fej Q. fej Ul J U N E 30, 1902. Oregon w a r d e b t L o a n of 1863 F u n d e d l o a n of 1881, c o n t i n u e d a t 3 i p e r c e n t . g F u n d e d l o a n of 1891 Ol 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 o f 1907 ^ L o a n of 1904 I L o a n of 1908-1918 3 L o a n of 1925 Total. 2,958,620.95 175,680.25 173,880.64 10,735,209.30 100.00 1,000.00 100.00 6,250.00 120,900.00 27,159,620.95 2,619,430.25 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 7L08 516.72 148,542.39 13,105.85 5,902.20 128,269.75 14,043,391.14 70,242,971.14 1,735,557.65 296,534.49 1,439,023.16 500.00 6,400.00 63,500.00 25,300.00 16," 504,300.00 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 fel O 1,022.51 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. 92 607,272.38 141,760.57 465,511.81 K| 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 91.76 387,109.28 100.00 1,000.00 100.00 6,250.00 120,900.00 24,201,000.00 2,443,750.00 2,105,280.00 27,321,200.00 56,199,580.00 30.00 2.71 161.04 1,048.77 599,969.61 79,136.85* 49,764.60 708,909.58 J U N E 30,1903. Ul Funded Funded Funded L b a n of L o a n of l o a n of 1881, c o n t i n u e d a t Si p 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. 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 1862 : 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 . 1,300.00 7,000.00 18,607,200.00 18,615,500.00 18,615,500.00 10,000.00 200.00 10,750.00 1,000 00 483,000.00 300.00 10,000.00 200.00 10,750.00 1,000.00 483,000.00 300.00 505,250.00 338,393.95 387,246.26 700.00 11.67 401.44 6.67 20,569.97 9.00 67.40 6.30 118.90 4.27 ,176.44 L63 632.60 6.37 282. 54 2 40 15,393.' 63 7.37 505,250.00 21,698.75 5,373.94 16,324.81 19,100.00 42,000.00 170,150.00 19,100.00 42,000.00 170,150.00 714.00 415.00 -•8,187.29 217.24 179.50 1,802.41 496. 76 235.60 6,384.88 231,250.00 231,250.00 9,316.29 2,199.15 7,117.14 ^ fej > O fel 1^ W fel H W fel > Ul J U N E 30, 1906. 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 . .CD TABLE E.—STATEMENT SHOWING T H E PURCHASE AND REDEMPTION O P BONDS ON ACCOUNT OF T H E SINKING F U N D , Year ended— J U N E 30, 1907. Oregon w a r debt 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 Principal redeemed. Premium paid. N e t cost in currency. N e t cost estimated i n gold. ETC.—Continned. Interest d u e 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 . $9.00 56.66 1,039.98 606,931.60 $9.00 35.04 371.99 391,734.23 $20.62 667.99 115,197.27 115,885.88 $150.00 8,200.00 27,900. 00 30,326,300.00 $49,705.52 $150.00 8,200.00 27,900.00 30,376,005.52 30,362,550.00 49,705.52 30,412,255.52 508,036.14 392,150.26 100.00 2,100.00 24,200.00 33,060,600.00 100.00 2,100.00 24,200.00 33,060,600.00 2.09 101.25 882.92 1,320,419.60 2.09 23.89 130.87 227,761.36 77.36 752.05 1,092,668.15 33,087,000.00 33.087,000.00 1,321,405.76 227,908.20 1,093,497.56 5,050.00 750.00 28,850. 00 1,208,200.00 6,050.00 750.00 28,850. 00 1,208,200.00 730.20 22.49 663.54 40,437.00 609.81 10.22 351.50 18,090.10 120.39 12.27 312 04 22,346.90 fel J U N E 30, 1908. F u n d e d l o a n of 1881 F u n d e d l o a n of 1 8 9 1 . L o a n of 1904 F u n d e d l o a n of 1907 . Total o Total Grand total .. DR. 1,242,850.00 1,242,850.00 41,853.23 19, OOL 63 22,791.60 1,030,804,375.00 68,508,222.18 $157;677,967.61 1,077,062,286.96 35,647,537.13 9,943,923.42 25,703,613. 71 TABLE F . — S I N K I N G F U N D ACCOUNT FOR FISCAL Y E A R To balance from last year $549,383,674. 68 1, 1908 To 1 per cent on the principal of t h e public debt on June 30,1908, less coin certificates. Treasury notes, national bank note redemption account, and cash available for reduction of t h e debt, viz, $1,105,231,118.04 : 11,052,311.18 48,435,836. 71 J u n e 30,1909 To interest on redemptions prior to fiscal year 1909... To interest on $15,432,837, amount of debt " p a i d " during fiscal year 1909 726,503.24 July O fi J U N E 30, 1909. F u n d e d l o a n of 1881 F u n d e d l o a n of 1891 L o a n of 1904 F u n d e d l o a n of 1907 CD 00 J u n e 30, 1909 By By By By By By By 1909. principal of bonded debt redeemed in 1909 accrued interest thereon certificates of indebtedness accrued interest thereon fractional currency and notes redeemed in 1908. accrued interest thereon balance CR. 242,850.00 19,061.63 186,500.00 424.238.83. 3,487.00 727.84 721,460 51 609,598,325.81 609,598,325.81 w fel o fej Ul 99 SECRETAEY OF T H E TKEASURY. TABLE G.—POPULATION, ORDINARY RECEIPTS AND DISBURSEMENTS OF THE GOVERNMENT FROM 1837 TO 1909, EXCLUSIVE OF POSTAL, AND P E R CAPITA ON RECEIPTS AND P E R CAPITA ON DISBURSEMENTS. Year. 1837 1838 1839 1840 1841 1842 1843 (six months) 1844 1845 1846 1847 1848 1849 1850 1851 1852 1853 1854 1855 1856 1857 1858 1859 1860 1861 1862...: 1863 1864 1865 1866 1867 1868 1869 1870 1871..1872 1873 1874 1875 1876 1877 1878 1879 1880 •-. 1881 1882 1883 1884 1885 1886 18'87 1888 1889 1890 1891 1892 1893 1894 1895 -•.. 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 Population. 655,000 112,000 584,000 069,453 591,000 132,000 694,000 276,000 878,000 500,000 1.43,000 805,000 489,000 191,876 995,000 802,000 615,000 433,000 256,000 083,000 916,000 753,000 596,000 443,321 064,000 704,000 365,000 046,000 748,000 469,000 211,000 973;000 766,000 558,371 555,000 596,000 677,000 796,000 951,000 137, 000 353,000 598,000 866,000 155,783 316,000 495,000 693,000 911,000 148,000 404,00(5 680,000 974,000 289,GOO 622,250 947,000 191,000 456,000 740,000 043,000 365,000 704,000 060,000 433,000 295,220 754,000 117,000 847,000 867,000 260,000 662,000 074,000 496,000 926,000 Ordinary receipts. $24,954, 153.00 26,302; 562.00 31,482, 750.00 19,480, 115.00 16,860i 160.00 19,976, 197.00 8,231 001.26 29,320; 707.78 29,970, 105.80 29,699, 967. 74 26,467,403.16 35,698; 699.21 30,721,077.60 43,592,888.88 52,555,039.33 49,846,815.60 61,587,031.68 73,800,341.40 65,350,574.68 74,056 699.24 68,965;312.67 46,655, 365.96 52,777; 107.92 66,054 599.83 "41,476: 299.49 51,919;261.09 112,094 945.51 243,412 971.20 322,031 158.19 519,949 564.38 462,846,679.92 376,434 458.82 357,188: 256.09 395,959: 833.87 374,431: 104.94 364,694: 229.91 322,177: 673.78 299,941: 090.84 284,020: 771.41 290,066: 584.70 281,000: 642.00 257,446: 776.40 272,322: 136. 83 333,526: 500.98 360,782: 293.00 403,525: 250.00 398,287: 582.00 348,519: 870.00 323,690, 706.00 336,439: 727.00 371,403; 277.00 379,266,075.00 387,060,059.00 403,080,982.00 392,612,447.31 354,937 784.24 385,8I9;628.78 297,722,019.25 313,390,075.11 326,976,200.38 347,721 705.16 405,321 335.20 515,960,620.18 567,240,851.89 587,686,337.53 562,478,233.21 560,396,674.40 539.716,913.86 544,606,758.62 594.717,942.32 663,125,659. 92 601,060,723.27 603,589,489.84 Per capita on receipts. Ordinary disbursements. 243,214.24 $1.59 33 864.714.56 1.63 1.90 26: 896,782.62 L14 24,314,518.19 .96 26, 481,817.84 LIO • 25,134,886.44 .44 11 780,092.51 L52 22: 483.560.14 L51 22; 935.827.79 1.45 27, 261,182.86 L25 64: 920,784.09 L64 47: 618,220.65 1.37 43;499,078.39 • 1.88 40, 948,383.12 2.19 47: 751,478.41 2.01 44: 390,262.36 2.40 47: 743,989.09 2.79 55; 038,455.11 2.40 58; 630,662.71 2.64 68, 726,350.01 2.38 67; 634,408.93 1.57 73, 982.492.84 L72 68, 993.599.77 1.78 63,200,875.65 1.30 66, 650,213.08 1.58 469,570,241.66 3.36 718, 734,276.18 7.14 864; 969.100.83 9.26 1,295;099.289.58 14.65 519,022.356.34 12.78 346, 729.325.78 10.18 370, 339.133.82 9.46 321 190,597. 75 10.26 293: 657.005.15 9.47 283, 160,393.51 8.98 270, 559,695.91 7.73 285,239.325.84 7.01 301,238,800.21 6.46 274, 623.392.84 6.43 265, 101.084.59 6.06 241 334,474.86 5.41 236;964, 326.80 6.57 266 947,883.53 6.65 264 847,637.36 7.00 259; 651,638.81 7.68 257,981.439.57 7.41 265,408,137.64 6.36 244,126,244.33 5.76 260,226,935.11 5.86 242,483,138.50 6.33 267 932,179.97 6.32 259: 653,958.67 6.31 281: 996,615.60 6.43 297: 736,486. 60 6.14 355;372,684.74 5.44 345, 023.330.58 5.81 383: 477,954.49 4.40 367: 525.279.83 4.54 356: 195,298.29 4.65 352: 179,446.08 4.85 365; 774,159.57 5.55 443, 368.582.80 6.93 6O5: 072.179.85 7.43 487; 713,791.71 7.56 509,967,353.15 7.11 471 190,857.64 6.93 506: 089,022.04 6.59 532; 237,821.31 6.54 563,360,093.62 7.02 549,405.425.35 7.70 56i: 705,129.04 6.87 621 102,390.64 6.79 662: 324,444.77 Per capita on disbursements. $2.38 2.10 1.62 1.42 1.51 1.39 .63 L17 1.16 L33 2.60 2.18 1.93 L77 L99 L79 1.86 2.08 2.15 2.46 2.33 2.49 2.25 2.01 2.14 14.35 21.54 25.40 37.27 14.63 9.68 10.01 8.51 7.61 7.16 6.66 6.84 7.04 6.25 6.87 6.21 4.98 5.46 5.28 6.06 4.92 4.94 4.46 4.63 4.22 4.56 4.32 4.60 4.75 5.56 6.29 5.77 5.43 5.16 5.01 5.10 6.07 8.14 6.39 6.66 5.96 6.26 6.50 6.77 6.49 6.41 7.10 7.45 NOTE.—The ordinary receipts and disbursements and per capita on receipts for 1891 were erroneously stated b y t h e Register of the Treasury in his reports for 1891,1892, and 1893. (See Finanqe Reports for those years, pp. 845, 767, and 906.) 100 REPORT ON T H E FINTANCES. TABLE H . - ^ I N T E R N A L AND CUSTOIMS RECEIPTS AND EXPENSES OP COLLECTING, FROM 1858 TO 1909. Year ended June 30— Receipts." s Dollars. 1858 1859 1860 1861 1862 1863 1864 1866 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 1906 1907 1908 1909 Customs receipts. Internal revenue. Expenses of collecting.^ Dollars. (^) I') \d) (d) (d) .(d) W 37,640,787.95 109,741,134.10 209,461,215.25 309,226,813.42 266,027,537.43 191,087,589.41 158,356,460.86 184,899,756.49 143,098,153.63 130,642,177.72 113,729,314.14 102.409.784.90 110,007,493.58 116,700,732.03 118,630,407.83 110,581,624.74 113,561,610 58 124,009,373.92 135,264,385.51 146,497,595.45 144,720,368.98 121,586,072.51 112,498,725.54 116,805,936.48 118,823,391.22 124,296,871.98 130,881,513.92 142,606,705.81 145,686,249.44 153,971,072:57 161,027,623.93 147,111,232.81 143,421,672.02 146,762,864.74 146,688,574.29 170,900,641.49 273,437,161.51 295,327,926.76 307,180,663. 77 271,880,122.10 230,810,124.17 232,904,119.45 234,095,740.85 249.160.212.91 269,666,772.85 251,711,126.70 246,212,643.59 U) 108,685.00 253,372.99 385,239.52 5,783,128.77 7,335,029.81 8,705,366.36 7,257,176.11 7,253,439.81 7,593,714.17 5,694,116.86 5,340,230.00 4,509,976.05 4.289.442.71 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 3,754,935.45 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 4,496,479.28 4,607,867.83 4,338,184.70 4,391,660.65 4,641,169.95 4,650,049.89 4,547,715.06 Per cent. (d) .29 .23 .18 1.87 2.77 4.55 4.59 3.92 5.30 4.36 4.69 4.40 3.89 3.38 2.99 2.96 3.1.0 2.95 3.20 2.80 3.06 3.47 3.42 3.06 3.22 2.92 2.88 2.65 2.75 2.52 2.57 2.55 2.62 2.62 2.46 2.17 L59 1.51 1.43 1.60 L95 1.94 1.85 1.76 1.72 1.85 1.85 Receipts.a Dollars. 41,789,620.96 49,565,824.38 53,187,511.87 39,582,125.64 49,056,397.62 69,059,642.40 102,316,152.99 84,928,260.00 179,046,651.58 176,417,810.88 164,464,599.56 180,048,426.63 194,538,374.44 206,270,408.05 216,370,286.77 188,089,522.70 163.103.833.69 157,167,722.35 148,071,984.61 130, 956,.493.07 130,170,680.20 137,250,047.70 186,522,064.60 198,159,676.02 220,410,730.25 214,706,496.93 195.067.489.76 181,471,939.34 192.905.023.44 217,286,893.13 219,091,173. 63 223,832,741.69 229,668,584.57 219,522,205.23 177,452,964.15 203,355,016.73 131,818,630.62 152.158.617.45 160,021,751.67 176,554,126.65 149,575,062.35 206,128,481.75 2 ^ , 164,871.16 238,585,455.99 254,444,708.19 284,479,581.81 261,274,564.81 261,798,856.91 300.251.877.77 332.233.362.70 286,113,130.29 300,71), 933.95 Expenses of collecting, c Dollars. P e r cent. 2,903,336.89 6.94 3,407,931.77 6.85 3,337,188.15 6.27 2,843,455.84 7.18 3,276,660.39 6.67 3,181,026.17 4.60 4,192,582.41 4.09 5,415,449. 32 6.39 5,342,469.99 2.98 5,763,979.01 3.26 7,641,116.68 4.65 5,388,082.31 2.99 6,233,747.68 3.20 6,568,350.61 3.18 6,950,173.88 3.21 7,077,864.70 3.76 7,321,469.94 4.49 7,028,52L80 4.47 6,704,858.09 4.53 6,501,037.67 4.96 5,826,974.32 4.47 5,477,421.52 3.96 6,023,253.53 3.23 6,383,288.10 3.22 6,506,359.26 2.95 6,593,509.43 3.07 6,709,485.76 3.44 6,494,847.29 3.58 6,427,612.67 3.33 6,855,801.74 3.16 7,156,187.77 3.27 7,030,487.00 3.14 6,859,986.09 " 2.98 6,964,367.09 3.17 6,646,276.06 3.74 6,756,790.98 •3.32 6,791,872.86 5.15 6,736,690.92 4.43 7,237,796.4C 4.52 7,075,372.06 4.01 7,152,276.58 4.78 7,361,562r83 3.57 7,467,692.48 3.20 7,713,418.82 3.23 7,967,472; 89 3.13 8,468,710.19 2.98 8,665,636.37 3.32 9,115,499.4^: 3.48 8,997,669.41 3.00 9,436,752.68 2.55 9,580,626.25 3.35 10,261,073.33 3.41 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 from customs includes all sums drawn from the appropriation madeby Congress forthat purpose. The money is expended for salaries, rents, labor in weighing, gauging, and measuringimported merchandise, revenue boatmen, repairs, and other expenses incident to rented buildings, stationery, and the traveling expenses of special agents, but does not include disbursements for revenue cutters, fuel, lights, water, furniture, janitors, etc., for buildings owned by the Government, nor disbursements 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 disbursements for salaries, etc., incident to auditing these accounts in the departments at Washington. dNodata. T A B L E I.—STATEMENT SHOWING THE ORDINARY RECEIPTS AND DISBURSEMENTS OF THE GOVERNMENT BY MONTHS; THE LEGAL-TENDER NOTES, N E T GOLD, AND AVAILABLE CASH IN THE TREASURY AT THE END OF EACH MONTH; THE MONTHLY REDEMPTION OF LEGAL-TENDER NOTES IN GOLD AND THE IMPORTS AND. EXPORTS OF GOLD, FROM JULY, 1896, TO J U N E , 1909, INCLUSIVE. Ordinary disburseOrdinary m e n t s , exclureceipts, e x c l u s i v e of s ipvrei nofc i ppostal, a l of postal. debt, a n d premium. 1896—July August September October November December 1897—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 1898—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 Surplus receipts. Legal-tenderj Available Legal-tender notes cash balance,! Net gold notes redeemed including i n T r e a s u r y . in Treasury. n e t gold. ! in gold. $29,029, 25,562, 24,584, 26,282, 25,210, 25,857; 24,316, 24,400, 36,217, 37,812, 29,797, 36,584, $42,088,468 a$13,059,259 $102,125,226 $110,718,746 $256,158,473 111,800,038 35,701,677 a 10,139,580 243,346,401 100,957,561 98,868,949 26,579,535 124,034,672 241,154,457 al,c,^5,290 96,535,206 33,978,277 117,126,524 233,572,762 a 7,695,447 75,034,912 33,260,720 131,510,353 225,357,098 a 8,050,024 70,628,317 23,812,665 137,316,644 228,320,380 2,Q44,449 48,509,678 30,269,389 215,362,421 144,800,493 a 5,952,395 41,425,059 28,796,057 148,661,209 212,837,256 a 4,395,060 50,593,846 .151,786,464 222,045,606 27,212,998 9,004,664 53,480,533 32,072,097 153,340,890 228,090,517 5,740,038 61,188,187 29, 109,259 230,113,813 144,319,563 688,132 67,929,521 22,934,695 140,790,738 240,137,627 13,650,013 347,721,705 365,774,160 39,027,364 19,023,615 21,933,098 24,391,415 43,363,605 59,646,698 37,333,628 28,572,358 32,958,751 33,012,943 30,074,818 33,509,313 405,321,335 50,100, 33,588, 25,368, 33,701 37,810, 27,634, 36,696; 26,599, 31,882, 44,314, 47,849, 47,852, 443,368,583 a 18,052, 455 all,073,545 a 14,564,432 as, 435,718 a 9,310,097 5,552,766 32,012,606 636,917 1,973,102 076,307 . 1, all, 301,119 a 17,775,091 a 14,342,969 64,306,457 58,500,670 63, 578,689 46,952,343 38,974,898 43,789,433 28,617,220 40,291,680 45,381,277 34,820,008 31,692,454 36,605,387 140,817,699 144,216,377 147,663,105 153,573,147 157,363,851 160,911,547 164,236,793 167,623,182 174.584.136 181.238.137 171,818,055 167,004,410 a 38,047,248 189,444,714 61,099,556 74,263,475 a 30,416,366 217,904,485 53,345,061 66,260,718 a 14,478,010 39,230,848 243,297,543 64,223,921 a 14,445,851 21,587,896 53,982,277 a 14,352,226 239,885,162 16,166.768 241,663,444 49,090,981 a 10,190,066 16,380; 807 246,629,176 a 460,014 41,864,808 a E x c e s s of d i s b u r s e m e n t s . N O T E . — T h e r e c e i p t s a n d d i s b u r s e m e n t s b y m o n t h s a r e m a d e u p from 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 w i t h t h e totals b y years. T h e | l a t t e r a r e t h e actual results as s h o w n by complete r e t u r n s . 43,847,109 41,782,708 39,778,070 39,630,051 38,900,915 41,404,794 233,016,457 218,561,207 215,192,787 207,756,100 220,663,560 235,474,769 223,871,786 225,564,204 226,166,944 215,810,622 195,754,815 205,657,571 254,844,215 294,487,085 307,557,504 300,238,275 292,376,790 294,764,695 I m p o r t s of gold. E x p o r t s of gold. $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 1,972,644 93,555 368,007 468,010 431,826 442,355 353,147 575,205 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 1,155,907 548,997 903,852 938,951 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 5,462,869 1,983,588 142,922 313,311 699,513 577,996 2,658,663 1,030,412 728,707 1,323,724 109,157 375,529 24,397,963 120,391,674 15,406,391 4,091,067 613,762 443,871 347,578 653,253 2,674,754 641,668 296,811 808,341 738,353 324,601 757,182 1,497,013 1,955,908 3,102,810 1,279,926 913,467 1,219,638 b y 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 Ul fej O fej >' o fel fel H W fel > Ul d TABLE I.—STATEMENT SHOWING THE ORDINARY RECEIPTS AND DISBURSEMENTS OF T H E GOVERNMENT BY MONTHS, o Ordinary disburseOrdinary ments, exclureceipts, |sive of postal, exclusive of principal of postal. debt, and premium. Month. 189&—January February March April May June Total for 12 months. July August September October November December 1900—January February March April May June , ., Total for 12 months, July August September October November December 1901—January February March April May June ° Total for 12 months. Surplus receipts. $41,774,930 37,979,333 57,030,240 41,611,587 44,786,014 47,126,915 $51,122,771 43,918,929 42,978,571 65,949,106 40,513,005 31,382,762 a $9,347,841 a 5,939,596 14,051,669 a 24,337,519 4,273,009 15,744,153 515,960,620 605,072,180 1,111,560 054,258 978,173 334,145 533,589 945,572 759,104 012,165 631,265 726,837 039,327 166,053 435,832 56,561,090 -46,522,312 37,579,372 44,174,027 40,769,848 39,145,560 39,189,097 37,738,472 32,188,271 40,903,928 40,351,525 33,540,673 a 8,506,832 4,455,861 7,754,773 3,359,562 6,175,724 7,613,544 8,823,068 7,892,793 16,538,566 4,135,399 4,814,528 17,896,159 567,240,852 487,713,792 955,161 688,756 304,326 626,067 344,515 846,508 520,287 844,123 891,125 767,851 629,440 333,908 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 33,045,147 587,685,338 509,967,353 | Available Legal-tender Legal-tender notes Net gold [cash balance, notes i n Treasury. redeemed including in Treasury. in gold. net gold. $16,856,385 16,577,439 14,-705,478 14,317,850 15,169,090 16,191,155 $228,652,341 $274,584,676 231,124,638 269,103,513 245,413,707 284,043,164 246,140,226 263,127,633 228,415,238 267,584,094 240,737,212 281,380,469 16,317,766 18,246,243 17,066,521 16,615,736 16,848,640 17,817,580 16,455,244 14,322,423 10,268,313 13,426,509 19,946,308 27,141,405 245,254,534 248,757,971 254,328,820 252,223,797 239,744,905 236,909,230 218,613,617 232,225,336 248,358,064 229,461,962 218,857,545 220,557,185 274,844,167 279,352,872 287,695,613 289,391,540 286,216,440 '283,595,453 292,490,973 298,362,824 306,792,996 296,117,548 295,783,530 305,705,655 26; 781,125 26,661,394 20,468,514 11,680,495 11,408,327 10,700,362 12,817,781 11,358,967 9,944, 303 9,155,801 12,304,350 14,455,758 223,567,376 218,263,969 230,131,162 242,670,175 243,235, 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 79,527,060 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 77,717,! ETC.—Continued. Imports of gold. o Exports of gold. $4,237,722 3,001,905 2,343,753 1, 781,270 2,725,378 2,737,952 $6,392,344 6,148,906 3,187,575 2,482,871 3,070,265 3,105,686 $1,755,451 '567,962 1,109,845 1,162,484 2,049,255 20,908,327 fej 25,652,265 88,954,603 37,522,086 O 2,895,469 5,391,411 2,593,894 8,542,254 2,904,043 6,620,246 1,992,692 1,911,116 1,921,036 3,388,813 3,683,634 3,728,576 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 35,598,337 44,573,184 48,266,759 2,639,656 1,442,265 1,001,519 1,530,704 3,955,240 2,379,510 7,100,411 1,500.111 515,652 885,525 819,985 452,533 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 18,084,938 806,572 441,962 677,207 410,533 8,221,159 416,812 490,269 4,916,965 10,101,177 5,344,844 24,223, 111 66,051,187 53,185,177 2,208,091 2,076,548 1.105, "220 888,828 1,225,020 1,837,112. 3,191,433 1,590,041 1,132,563 5,072,805 8,482,051 6,788,625 o fei • fel > o fej Ul • July....... August September. October November. December . 1902-January . . . February.. March April May June Total for 12 months. July August September. October . . . November. December., 1903—January . . . February.. March April May June Totalfor 12 months. July August September. October— , November. Deceraber . 1904—^J an uary . . . February.. March April May June 62,320,340 45,394,125 44,434,423 49,831,953 45,716,777 47,061,965 46,582,144 41,159,739 46,501,414 45,215,390 49,509,449 49,677,469 52,307,691 39,351,498 32,310,736 40,645,936 40,198,917 37,318,998 38,548,278 39,099,291 3«,102,437 40,799,263 38,746,798 33,837,859 12,749 6,042,628 12,123,687 9,186,017 5,517,860 9,742,967 8,033,866 2,060,448 8,398,977 4,416,12710,762, 652 15,839,609 662,478,233 471,190,878. 91,287,376 49,305,691 48,605,813 48,580,381 61,391,262 43,599,001 47,151,300 45,996,338 43,028,180 45,435,435 43,326,101 44,113,970 48,354,054 56,813,568 43,113,611 37,554,798 46,904,965 43,036,273 36,533,744 42,632,244 37,750,750 44,987,587 41,763,814 40,586,997 34,583,738 a 7,507,877 5,492,202 11,025,583 4,486,297 562.728 10,617,556 3,364,094 5,277,430 447,848 1,562,287 3, 626,973 13,790,316 560,396,674 506,089,022 64,307,6.52 48,611,576 49,852,678 44,969,819 46,963,213 44,692,595 42.747,592 41.588,370 45,895,407 44,761,499 41,529,422 41,688,060 48,215.414 56,388,189 43,024,545 38,427,964 51,910,479 47,427,788 32,255,805 48,372,554 42,653,772 41,689,398 46,010,265 47,3.52,973 36,922,015 a 7,776,613 6,828,133 6,545,855 a 4, 947,266 0 2,735,193 10,491,787 a 6,784,184 3,242,635 3,072,101 a 4,480,843 a 5,664,913 11,293,399 539,716,914 632,237,821 7,479,093 13,973,412 12,837,975 8,732,369 7,949,374 7,437,299 6,670,893 11,088,847 11,455,896 10,069,052 8,662,329 8,700,602 12,586,518 249,955,831 258,455,786 251,635,354 259,346,494 257,539,887 262,800,534 239,040,401 238,821,209 244,858,050 242,945,286 246,554,393 253,801,291 327,368,877 329,971,356 319,919,880 325,655,697 317,010,665 321,603,279 324,796,646 325,361,866 327,856,289 334, 739,983 345,350,229 362,187,361 9,379,762 5,617,492 3,845,140 3,089, 656 3,028,960 3,042,732 6,561,025 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, 394 356,421,878 354,575,588 364,409,380 368,345,963 374,543,470 372,921,989 373,326,187 375,168,898 388,686,114 11,573,873 11,423,194 10,465,039 5,813,498 2,434,085 3,486,725 9,076,523 9,433,542 5,330,470 7,037,750 9,475,212 12,997,534 248,499,879 253,201,871 260,714,057 258,892,307 267,011,715 265.571,972 229,362,090 236,241,028 248,529,691 231,877,090 217,592,391 216,183,723 378,291,444 383,450,710 389,417,184 378,637,402 369,237,430 379.374,895 378,745,084 373,068,505 374,699,996 370,919,188 313,287,516 322,051,568 845,565 2,315,616 881,012 2,409,965 1,824,251 2,314,174 5,216,580 1,139,411 272,793 377,005 460,553 700,255 4,076,113 1 2,875,120 150,861 3,490,528 11,905,431 ^ 163,362 9,138,638 4,066,747 7,431,678 16,292,500 2.791,522 . 4,744,123 1,405,787 1,973,675 1,696,967 8,665,480 4,432,946 2,636,313 1,864,767 2,844,214 1,497,053 1,968,407 4,086,457 391,526 18,757,180 52,021,254 48,568,960 614,925 386,665 329,870 438,140 388,012 581,940 1,152,500 372,425 528,1101,199,055 1,336,375 1,039,228 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 1,460,829 720,331 2,853,112 85,951 1,506,370 1,042,598 1,705,466 14,488,268 12,507,588 8,267,245 44,982,027 47,090,595 1,033,060 707,110 443,595 727,685 697,545 1,149,135 1,396,920 1,080,598 1,054,800 1,070,818 1,235,428 958,500 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, 076 352,177 993,150 1,464,656 591,567 732,614 3,063,458 19,470,167 43,069,053 1,522,544 11,555,194 99,055,368 81,459,986 S" O W fe^ H .> W Kj O fel H Ui fel H W fej > Ul- >< aExcess of disbursements. CO" TABLE I.—STATEMENT SHOWING T H E ORDINARY RECEIPTS AND DISBURSEMENTS OF T H E GOVERNMENT BY MONTHS, ETC.—Continued. Ordinary disburseOrdinary ments, exclureceipts, sive of postal,' exclusive of principal of postal. debt, and premium. Month. 1904—July August September October . November December 1905—January February March April May June .'. Total for 12 months July August September October ...; November '. December 1906—January February March April May June : Total for 12 months . July August September October November December Surplus receipts. $46,786,387 44,903,392 46,344,683 48,990,608 45,576,877 45,047,905 43,410,285 44,608,073 46,267,756 39,778,182 43,758,933 47,950,777 $64,019,115 o$17,232,728 a 6,228,212 51,131,604 40,391,358 5,953,325 62,500,873 0 3,510,265 49,434,318 a 3,857,441 41,315,731 3,732,174 49,488,299 a 6,078,014 41,151,234 3,456,839 44,985,127 1,282,629 48,339,465 a 8,561,283 46,048,144 o2,289,211 34,687,523 13,263,254 544,606,758 563,360,093 a 18,753, 335 49,273.134 47,490,432 50,251,159 50,492,692 49,000,869 50,350,463 50,790, 096 48,194,728 50,631,169 45,092,868 47;980,024 55,367,081 61,591,481 50,600,327 40,510,622 54,589,836 46,211,544 42,830,311 45,671,353 41,409,095 43,665,323 45,141,796 43,124,646 34,001,856 0 12,318,347 0 3,109,895 9,740,537 0 4,097,144 2,789,325 7,520,152 5,018,743 6,785,633 6,965, 846 o 48,928 4,855,378 21,366,225 594,717,942 549,405,425 45,312,517 52,298,853 56,007,597 51,497,191 57,241,999 55,602,498 65,812,980 63,483,563 45,997,502 39,154,801 52,678,473 46,642,880 44,497,456 0 11,184,710 10,010,095 12,342, 390 4,563,526 8,959,618 11,315,524 Available Legal-tender Legal-tender cash balance, Net gold notes notes including in Treasury. redeemed in Treasury. net gold. in gold. $15,104,016 $197,445,631 $304,081,579 13,926,610 199,512,294 297,975,365 301,414,163 9,862,159 223,098,966 4,609,708 296,352,797 231,060,229 4,101,449 233,812,615 293,344,658 4,472,335 229,664,318 296,592, 689 12,325,203 201,244,581 290,625,796 14,108,050 202,857,181 290,681,839 14,679, 367 221,231,681 291,821,624 15,051,220 212,331,729 284,318,681 14,430,032 218,172,921 281,141,378 14,401,301 221,381,650 295,477,492 15,290,666 13,205,652 10,372,232 6,;600,158 3,526, 744 3,474,041 9,016,456 10,650,684 9,182,840 9,571,656 11,154,905 10,789,476 10,238,628 7,968,918 3,844,856 2,182,349 3,436,118 4,787,834 224,372,884 235,465,527 263,331,814 273.076.079 285,582,811 284.836.080 259,856,877 276,418,068 284,378,284 260,229,777 269,690,707 290,489,841 290,313,454 311,358,446 313,714,775 302,973,951 317,952,371 313,999,622 279,865,731 277,597,345 286,823,693 281,815,289 285,310,840 289,780,373 293,885,083 302,718,086 309,859,322 307,126,224 310,385,376 330,689,355 319,963,942 350,686,875 371,213,096 373,300,810 381,470,287 388,997,076 Imports of gold. o- Exports of gold. $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 2,149,051 $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 53,648,961 92,594,024 1,083,608 769,230 662,060 459,645 751,154 895,675 1,744,380 889,170 1,067,135 971,4.55 1,454,933 896,560 4,973,241 3,213,216 5,543,692. 10,722,132 5,202,790 4,028,881 2,605,709 2,079,683 5,630,695 14,941,583 34,911,028 2,369,080 11,645,005 96,221,730 38,573,591 981,905 900,840 429,515 892,305 1,183,145 1,420,050 9,834,333 . 7,972,868 31,431,038 27,250,852 8,935,274 7,617,237 1,302,248 598,078 2, 278,922 7,074,544 1,963,757 1,880,896> 1,159,274 274,153 1,412,904 310,696 1,137,318 2,668,532 5,741,665 8,486, 330 6,918,627 2,485,552 5,722,148 3,256,392 o O fel'. >O fej Ul' 1907—January February March April May June :. , , Total for 12 months July.. August September October November December 1908—January February March April May June , Total for 12 months July "August September October November December 1909—January February March April May June , , , Total for 12 months 55,237,500 53,925,496 54,221,954 53,260,592 57,488,012 62,711,463 45,732,517 43,983,148 40,150,934 45,324,832 45,940,845 38,475,021 9,504,983 9,942,348 14,071,020 7,935,760 11,547,167 24,236,442 663,125, 659 551,705,129 111,420,530 906,465 226,282 438,483 028,246 529,326 283,828 435,283 324,900 616,965 919,321 698,053 488,613 60,864,924 52,995,047 44,646,469 45,588,297 41,624,354 52,824,750 53,690,291 54,173,201 49,156,796 56,648,191 51,485,228 47,956,647 a 4,958,459 5,431,235 6,792,014 13,439,949 3,904,972 o 5,540,922 0 4,255,008 0 5,848,301 o 4,539,831 o 12,728,870 o8,787,175 5,531,966 601,060,723 621,102,390 o 20,041,667 169,456 294,372 320,115 317,724 002,690 318,507 480,428 671,71.0 377,013 075,974 332,311 857,376 72,946,738 47,560,880 52,512,142 57,838,762 55,898,264 56,726,612 59,033,315 51,685,952 53,658,476 52,609,287 55,129,859 49,230,885 0 20,777,282 o 2,266,508 0 4,192,027 0 8,521,038 o7,895,574 0 6,408,105 0 11,552,887 o15,014,242 o281,463 0533,313 o 1,797,548 7,626,491 603,689,490 662,324,445 0 58,734,955 8,135,752 7,771,407 4,944, 821 4,715,016 3,592,043 4,423,426 285,Oil, 577 310,617,216 310,760,992 296,040,433 292,821,224 304,619,431 394,708,206 400,154,655 402,868,003 401,388,342 407,629,665 422,061,445 5,586,496 4,188,283 3,562,043 3,437, 937 2,006,992 1,415,538 7,516,877 9,638,200 13,181,963 10,462,172 11,504,843 7,303,164 293,670,624 284,300,724 280,808,512 237,987,850 245,500,558 249,344,971 217,475,100 210,382,518 204,492,080 193,772,017 213,684,683 221,924,733 388,574,188 386,660,408 389,551,314 387,227,019 400,551,014 419,519,991 416,417,301 418,845, 804 412,608,191 401,596,987 390,933,256 395,171,808 5,658,845 5, 378,672 5,506,742 3,700,135 3,053,976 10,264,858 8,677,272 10,937,846 7,563,362 5,911,232 7,167,021 6,574,334 230,238,004 214,915,576 222,058,504 232,051,793 228,201,751 232,703,457 204,776.864 234,094,571 240,173,188 235,590,916 224,263,038 227,698,852 353,628,173 339,890,139 329,052,573 316,882,253 301,387,362 319,501,417 299,701,585 291,263,813 283,934,071 277,433,835 269,901,309 276,375,428 2,597,885 865,755 548,580 879,340 1,039,870 1,062,975 3,270,505 3,329;867 5,046,243 4,974,527 2,682,163 2,165,342 2,450,072 1,127,059 2,126,173 2,219,844 4,505,444 23,872,140 12,792,165 114,510,249 51,399,176 2,723,095 2,100,980 1,722,005 2,664,020 573,235 482,985 1,909,590 1,659,240 2,839,745 1,751,815 1,178,060 1,715,242 3,410,782 3,223,772 2,759,019 4,512,466 63,574,871 44,448,515 10,799,484 2,847,133 3,649,407 2,561,197 3,101,002 3,449,673 7,478,366 4,596,879 1,503,836 3,716,258 615,169 1,004,441 444,200 1,967,597 1,447,206 14,476,341 26,555,913 8,626,718 21,320,012 148,337,321 72,432,924 2,038,805 1,297,739 1,357,640 980,565 1,706,235 2,432,635 3,345,555 1,425,805 1,516,417 1,142,005 1,359,850 1,412,690 20,015,941 2,949,179 4,303,847 4,767,051 3,785,705 2,909,883 5,152,732 3,420,183 3,576,444 5,161, 648 3,345,861 2,263,721 2,367,735 44,003,989 4,845,272 6,699,742 3,974,391 1,952,574 2,967,795 7,357,707 7,865,356 8,860,814 21,252,462 6,337,994 11,171,265 8,346,446. Ul fej fel Kj O fel 1-3. fej 1-3 fej > d Ul &j 91,531,81S aExcess of disbursements. NOTE.—The above figures are exclusive of disbursements for the Panama Canal, the first payments for which occurred in the fiscal year 1903. NOTE.—The receipts and disbursements 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. O Or 106 BEPORT ON THE FINANCES. TABLE J.—STATEMENT CD 1791 1792 1793 1794 1796 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 1.833 • 1834 1835 1836 1837 1838 1839 1840 1841 1842 18430 1844 1845 1846 1847 1848 1849 1850 1851 1852 1853 1854 1855 1856 1857 1858 1859 I860 1861 1862 1863 1864 1866- Balance in the Treasury at commencem e n t of y e a r . OF RECEIPTS OF THE UNITED STATES FROM MARCH 4, 1789, J U N E 30) FROM THAT TIME. FOR POSTAL Miscellaneous. C n s UVJ-LXO* toms \.J U4.0 $4, 399,473.09 $973,'965.'75 3,443,070.85 4,255, 306.56 783,444.51 753 661.69 4,801,065.28 5,588,461.26 1,151,924.17 6,567,987.94 616,442.61 7,549,649.65 888|995.42 7,106,061.93 1,021,899.04 617 451.43 6 610,449.31 2,161,867.77 9i 080,932.73 2,623,311.99 10,-750,778.93 3,295,391.00 12,438,235.74 5,020,697.64 10,479,417.61 4,825,811.60 11,098, 565.33 4,037,005.26 12,936,487.04 3,999,388.99 14,667,698.17 4,538,123.80 15,845,521.61 9,643,850.07 16,363,650.68 9,941,809.96 7,257,506.62 3,848,056.78 8,583, 309.31 2,672,276.57 13,313,222.73 3,502,305.80 . 8,958,777. 53 3,862,217.41 13,224,623.25 5,196,642.00 5,998,772.08 1,727,848.63 7,282,942.22 13,106,592.88 36,306,874.88 22,033,519.19 26,283, 348.49 14,989,465.48 17,176, 385.00 1,478,526.74 20,283,608.76 2,079,992.38 15,005, 612.15 1,198,461.21 13,004,447.15 1,681,592.24 17,589,761.94 4,237,427.55 19,088,433.44 9,463,922.81 17,878.325.71 1,946,597.13 20,098,713.45 6,201,650.43 23,341,33L77 6,358,686.18 19,712,283.29 6,668,286.10 23,205,523.64 5,972,435.81 22,681,965.91 5,755,704.79 21,922,391.39 6,014,539.75 24,224,441.77 4,502,914.45 28,4(i5,237. 24 2,011,777.55 29,032,508.91 11,702,905.31 16,214,957.15 8,892,858.42 19,391,310.59 26,749,803.96 23,409,940.53 46,708,436.00 11,169,290.39 37,327,252.69 16,158,800.36 23,137, 924.81 36,891,196.94 33,157,503. 68 13,499,502.17 29,963,163.46 • 14]487,216.74 18,187, 908.76 28,685,111. 08 7,046,843.91 30.521.979.44 26,183,570.94 39,186,284.74 27,528,112.70 36,742,.829.62 26, 712,667.87 36,194,274.81 23,747,864.66 38,261,959.65 31,757,070.96 33,079,276.43 28,346,738.82 29.416.612.45 39,668,686.42 32,827,082.69 49,017,567.92 35 871 753 31 41] 339,326.-62 40; 158! 353'. 25 58,931,866.52 43,338,860.02 64,224,190.27 60,261,901.09 53,025,794.21 48,591,073.41 64,022,863.50 47,777,672.13 49,108,229.80 63,875,905.05 46,802,855.00 41, 789,620.96 35,113,334. 22 49,565,824.38 33,193,248.60 53,187,511.87 32,979,530.78 39,582,125.64 30,963,857.83 49,056,397.62 46,965,304.87 69,059,642.40 36,623,046.13 102,316,152. S9 134,433,738.44 84,928,260.60 I n t e r n a l revenue. Direct tax. P u b l i c l a n d s . O t h e r miscellaneous items. $208,'942.* s i 337,705. 70 274,089.62 337,755.36 $i,*836.*i3 475,289.60 675,491.45 83,540.60 644,357.95 11,963.11 779,136.44 443.'75 809,396.55 ""$734,223.'97 1,048,033.43 534,343.38 167,726.06 621,898.89 206,565.44 188,628.02 215,179.69 71,879.20 165,675.69 50,941.29 50,198.44 487,526.79 21,747.15 21,882.91 540,193.80 20,101.45 55,763.86 765,245.73 13,051.40 34,732.56 466,163.27 8,190.23 19,159.21 647,939.06 4,034.29 7,517.31 442,252.33 7,430.63 12,448.68 696,548.82 2,295.96 7,666.66 1,040,237.53 4,903.06 859.22 710,427.78 4,755.04 3,805.52 836,655.14 1,662,984.82 2,219,497.36 1,135,97L09 4,678,059.07 2,162,673.41 1,287,959.28 5,124,708.31 4,253,635.09 1,717,985.03 2,678,100.77 1,834,187.04 1,991,226.06 955,270.20 264,333.36 2,606,564.77 229,593.63 83,650.78 3,274.422.78 106,260.53 • 31,586.82 1,635,871.61 69,027.63 29,349.05 1,212,966.46 67,665.71 20,961.56 1,803,581.64 34,242.17 10,337.71 916,523.10 34,663.37 6,201.96 984,418.15 25,771.35 2, 330.85 1,216,090.56 21,589.93 6,638.76 1,393,785.09 19,885.68 2,626.90 1,495,845.26 17,451.54 • 2,218.81 1,018,308.75 14,502. 74 11,335.05 1,517,175.13 12,160.62 16,980.59 2,329,356.14 6,933. 61 10,506.01 3,210,815.48 11,630.65 6,791.13 2,623,38L03 2,759.00 394.12 3,967,682.55 4,196.09 19.80 4,857,600.69 10,459.48 4,263.33 14,757,600.75 370.00 728.79 24,877,179.86 5,493.84 1,687.70 . 6,776,236.52 2,467.27 3,730,945.66 755." 22 2,553.32 7,361,576.40 1,682.25 3,411,818.63 3,261.36 1,365,627.42 1,335,797.52 495.00 103.25 898,158.18 1,777.34 2,059, 939.80 2,077,022.30 3,517.12 2,694,452.48 2,897.26 2,498,355.20 375.00 3,328,642.56 375.00 1,688,959.55 1,859,894.25 2,352, 305.30 2,043,239.58 1,667,084.99 8,470,798.39 11,497,049.07 8,917,644.93 3,829,486. 64 3,513,715.87 1,756 687.30 1,778! 557.71 870,658.54 * "i,"795*331."73 152,203.77 37 ,"640," 787." 95 1,485,103.61 167,617.17 109,741,134.10 475,648.96 588,333.29 20^, 464,215.25 1,200,573.03 996,663:31 $10,478.10 9,918.65 21,410.88 53,277.97 28,317.97 1,169,415.98 399,139.29 • 58,192.81 86,187.56 152,712.10 345, 649.15 1,500,505.86 131,945.44 139,075.53 40,382.30 51,121.86 38,560.42 21,822.86 62,162.57 84,486.84 59,211.22 126,165.17 271,571.00 164,399.81 285,282.84 273,782.35 109,761.08 57,617.71 57,098.42 61,338.44 152,589.43 452,957.19 141,129.84 127,603.60 130,451.81 94,588.66 1,315,722.83 65,126.49 112,648.55 73,227.77 584,124.05 270,410.61 470,096.67 480,812.32 759,972.13 2,245,902.23 7,001,444.59 6,410,348. 45 979,939.86 2,567,112.28 1,004,054. 75 451,995.97 285,895.92 1,076,419.70 361,453.68 289,950.13 220,808. 30 612,610.69 685,379.13 2,06^,308.21 1,185,166.11 464,249.40 988,081.17 1,105,352.74 827i 731.40 1,116.190.81 1,259 920.88 1,352,029.13 1,454,696.24 1,088,630.25 1,023,516.31 915,327.97 3,741,794.38 30,291,701.86 25,441,556.00 a For the half year from SECEETAKY OF THE TEEASUEY. TO J U N E 30, 1909, BY CALENDAR YEARS TO 1843 REVENUES SEE TABLE L , P A G E 114. Dividends. Ordinary receipts. Interest. $4,409,951.19 1791 $8,028.00 3,669,960.31 1792 38,500.00 4,652,923.14 1793 303,472.00 5,431,904.87 1794 6,114,534.59 $4,800.00 160,000.00 1795 8,377,529.65 42,800.00 160,000.00 1796 8,688,780.99 80, 960.00 1797 7,900,4.95.80 78,675.00 79,920.00 1798 7,646,813.31 71,040.00 1799 71,040.00 10,848,749.10 1800 88,800.00 12,935,330.95 *i6"i25.*66' 1801 14,995,793.95 39,960.00 1802 11,064,097.63 1803 11, 826,307. 38 1804 13,560,693.20 1805 15,559,931.07 1806 16,398,019.26 1807 17,060,661.93 1808 7,773,473.12 1809 9,384,214.28 1810 14,422,634.09 1811 9,801,132.76 1812 14,340,409.95 300.00 1813 11,181,625.16 85.79 1814 15,696,916.82 11,541.74 1815 47,676, 985.66 68,665.16 1816 202,426.30 33,099,049.74 267,819.14 1817 525,000.00 21,585,171.04 412.62 1818 675,000.00 24,603,374.37 1819 17,840, 1,000, 000.00 669.55 1820 14,573,379.72 105,000.00 1821 •297,500.00 20,232,427.94 1822 350,000.00 20,540,666.26 1823 19,381,212.79 350,000.00 1824 367,500.00 21,840,858.02 1825 25,260, 402, 500.00 434.21 1826 420,boo. 00 22,966,363.96 1827 24,763, 455, 629.23 1828 000.00 490,000.00 24,827,627.38 1829 490,000.00 24,844,116.51 1830 •490,000.00 28,526,820.82 1831 490,000.00 31,867,450.66 1832 474,985.00 33,948,426.25 1833 234,349.50 21,791,935.55 1834 506,480.82 35,430,087.10 1835 50,826,796.08 292, 674.67 1836 24,954,153.04 1837 26,302, 561.74 1838 31,482,749.61 1839 19,480,115.33 1840 16,860,160.27 1841 19,976, 197.25 1842 8,231,001.26 1843a| 29,320. 707.78 1844 29,970,105.80 1846 29,699,967.74 1846 26,467,403.16 1847 35,698,699.21 1848 30,721,077.50 1849 43,592,888.88 1850 52,555,039.33 1851 49,846,815.60 1862 61,587,031.68 1853 73,800, 341.40 1854 65,350,574.68 1855 74,056, 699.24 1856 68,965: 312.57 1857 46.655, 365.96 1858 52,777; 107.92 1859 56,054;599.83 1860 41,476,299.49 1861 51,919,261.09 1862 112,094, 945.51 1863 243,412; 971.20 1864 322,03i; 158.19 1865 J a n u a r y 1 t o J u n e 30,1843. 107 AND BY FISCAL YEARS (ENDED Premiums. Receipts from l o a n s a n d Treasury notes. $361, 391.34 .45 5,102, 1,797, 272.01 4,007, 950.78 3,396, 424.00 320, 000.00 70, 000.00 200, 000.00 5,000, 000.00 1,565, 229.24 2,750,000.00 $32,107.64 686.09 40,000.00 12,837, 900.00 26,184; 135.00 23,377,826.00 35,220,671.40 9,425,084.91 466,723.45 8,353.00 2,291.00 3,000,824.13 5,000,324.00 5,000,000.00 5,000,000.00 71,700.83 666.60 28,366.91 37,080.00 487,065.48 10,560.00 4,264.92 22.50 709,357.72 10,008.00 33,630.90 68,400.00 602,345.44 21,174,101.01 11,683,446.89 2,992,989.15 12,716,820.86 3,857,276.21 5,589,647.51 13,659,317.38 14,808,735.64 12,479,708.36 1,877,181.35 28,872, 399.45 21,256, 700.00 28,588, 750.00 4,045, 950.00 203, 400.00 46, 300.00 16, 350.00 2, 001.67 800. 00 200.00 900.00 23,717, 300.00 '28,287, 500.00 20,776, 800.00 41,861, 709.74 529,692, 460.50 776,682, 361.67 1,128,873, 945.36 1,472,224, 740.85 Total receipts. $4,771, 342.53 8,772, 458.76 6,450, 195.16 9,439, 855.66 9,515, 758.59 8,740, 329.65 8,758, 780.99 8,179, 170.80 12,546, 813.31 12,413, 978.34 12,945, 465.95 14,995, 793.95 11,064, 097. 63 11,826, 307.38 13,560, 693.20 15,559, 931.07 16,398; 019.26 17,060 661.93 7,773; 473.12 12,134; 214.28 14,422, 634.09 22,639, 032.76 40,524, 844.95 34,559, 536.95 50,961, 237. 60 57,171 421.82 33,833, 592.33 21,593 936.66 24,605, 665.37 20,881, 493.68 19,573, 703.72 20,232, 427.94 20,540, 666.26 24,381, 212.79 26,840, 858.02 25,260, 434.21 22,966, 363.96 24,763, 629.23 24,827, 627. 38 24,844, 116.51 28,526, 820.82 31,867, 450.66 33,948, 426.25 21,791, 935.55 35,430, 087.10 50,826, 796.08 27,947; 142.19 39,019, 382.60 35, 340, 025.82 25,069; 662.84 30,519; 477.65 34,784; 932.89 20,782, 410.45 31,198, 655.73 29,970, 105.80 29,699, 967.74 55,368, 168.52 66,992, 479.21 59,796, 892.98 47,649, 388.88 52,762, 704.25 49,893, 115.60 61,603, 404.18 73,802, 343.07 65,351 374.68 74,056, 899.24 68,969, 212.57 70,372, 665.96 81,773, 965. 64 76,841, 407.83 83,371, 640.13 581,680, 121.69 889,379, 652.62 1,393,461, 017.57 1,806,939, 345.93 108 BEPORT ON T H E FINANCES. • TABLE J.—STATEMENT OF THE RECEIPTS OF THE UNITED Balance in the Treasury at commencement of year. 1866 1867 1868 1869 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 -.1888 1889 1890 1891 1892 1893 1894 1895 1896 1897' 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 Miscellaneous. Customs. 933,657.89 $179,046, 651.58 176,417, 810.88 160, 817,099.73 164,464, 599.56 198, 076,437.09 180,048, 426.63 158, 936.082.87 194,538, 374.44 183, 781,985.76 206,270, 408.05 177, 604,116.51 216, 370,286.77 138, 019,122.15 188,089, 522.70 134, 666,001.85 163,103, 833.69 159, 293,673.41 167,167, 722. 35 178, 833,339.54 148,071, 984.61 172, 804,061.32 130,956, 493.07 149, 909,377.21 130,170, 680.20 214, 887.645.88 137,250, 047.70 286, 691,453.88 186,522, 064.60 386, 832.588.65 231, 940,064; 44 198,159, 676.02 220,410, 730.25 280, 607,668.37 214,706, 496.93 275, 450,903.53 195,067, 489.76 374, 189,081.98 181,471, 939.34 424, 941,403.07 192,905, 023.44 521, 794,026.26 217,286, 893.13 526, 848,755.46 219,091, 173.63 512, 851,434.36 223,832, 741.69 659, 449,099.94 229,668, 584.57 673, 399,118.18 219,622, 205.23 691, 527,403.76 177,452, 964.15 726,222,332.60 203,355, 016.73 778, 604,339.28 131,818, 530. 62 738, 467,555.07 152,158, 617.45 763, 565.540.75 160,021, 751.67 773, 610.008.76 176,554, 126. 65 846, 093.349.62 149,575, 062.35 864, 790,237.71 206,128, 481.75 775, 751,368.11 233,164, 871.16 867, 980,559.46 238,585, 455.99 1,059,336,349.58 254,444, 708.19 1,128, 762,603.23 284,479, 581.81 1,221, 259.599.66 261,274, 564.-81 1,310, 006.031.20 261', 798,866.91 1,328, 972,020.53 300,261, 877.77 1,316, 679.270.63 332,233, 362.70 1,403, 908,212.91 286,113, 130.29 1,610, 665,977.69 300,711, 933.95 1,722, 947.275.21 10,861,209,275.34 Internal revenue. Direct tax. Other Public lands. miscellaneous items. $665, 031.03 $309,226, 813.42 $1,974,754.12 1,163, 575.76 266,027, 537.43 4,200,233.70 1,348,715.41 191,087, 689.41 1,788,145.85 4,020, 344.34 158,356, 460.86 765,685.61 3,350, 481.76 184.899, 756.49 229,102.88 2,388, 646.68 143,098, 153.63 680,365.37 2,575, 714.19 130,642, 177.72 2,882, 312.38 113,729, 314.14 315,254.61 1,852,428.93 102,409, 784.90 1,413,640.17 110,007, 493.58 1,129,466.95 116,700, 732.03 93,798.80 118,630, 407.83 976, 253.68 110,581, 624.74 1,079, 743.37 113,561, 610.58 924, 781.06 124,009, 373.92 1,016,506.60 30.85 135,264, 385.51 02.201,863.17 1,616. 146,497, 595.45 4,753,140.37 160,141.69 144,720, 368.98 7,955,864.42 108,156.60 121,586, 072.51 9,810,705.01 70,720.75 112,498, 725.64 5,705, 986.44 5,630, 999.34 • 116,805,936.48 108,239.94 9,254,286.42 118,823, 391.22 32,892.05 124,296, 871.98 1,565.82 11.202, 017.23 130,881, 513.92 8,038, 651.79 142,606, 705.81 . 6,358,272.51 145,686, 249.44 4,.029,535.41 153,971, 072.57 3,261, 875. 58 161,027, 623.93 3,182, 089.78 147,111, 232.81 1,673, 637.30 143,421, 672.02 1,103,347.16 146,762, 864. 74 1,005, 523.43 146,688, 574.29 864, 581.41 170.900, 641.49 1,243, 129.42 273,437, 161.51 1,678,246.81 295,327, 926.76 2,836,882.98 307,180, 663.77 2,966, 119.65 271,880, 122.10 4,144,122.78 230,810, 124.17 8,926,311.22 232,904, 119.45 7,453,479.72 234,095, 740.85 4,859,249.80 249,150, 212.91 4,879,833.65 269,666, 772.85 7,878, 811.13 251,711, 126.70 9,731,560.23 246,212, 643.69 7,700, 567.78 $29,036,314.23 15,037, 522.15 17,745,403.69 13,997; 338.65 12,942; 118.30 22,093,541.21 15,106,061.23 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 31,703,642.62 30, 796,695.02 21,984, 881.89 24,014, 055.06 20,989, 527.86 26,005, 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 19,186,060.64 23,614,422.81 83,602,501.94 34,716,730.11 35,911 170.99 38,954;098.12 32,009, .14 36,180, 657.20 38,084,749.88 43,852,911.06 40,436,017.99 53,346,713.24 53,504,906.05 48,964,344.52 8,044,021,094.12 28,131,990.32 355,894,011.36 1,345,567,694.57 NOTE.—The receipts for the years 1904 to 1909, inclusive, are stated on the basis of the Treasurer's NOTE.—The receipts from proceeds of Panama Canal bonds and premium paid thereon are omitted NOTE.—Under the heads of "Receipts from loans and Treasury notes" and " Total receipts " are These issues are excluded from the public debt figures in Table L, page 114. SECRETARY OF T H E TREASURY, 109 STATES FROM MARCH 4, 1789, TO J U N E 30, 1909, ETC.—Continued. Dividends. 1866 1867 1868 1869 1870 1871 1872 1873 1874 1876 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 Receipts from loans and Treasury notes. Ordinary receipts. $519,949,664. 38 462,846,679.92 376,434,453.82 357,188,256.091 395,959;833.87 374,431,104. 94 364,694,229. 91 322,177, 673, 299,94i; 090.84 284,020,771.41 290,066,584.701 281,000,642.00 257,446;776.40 272,322,136.83 333,526,500.98 360,782,292.57 403,525,250.28 398,287,581.95 348,519,869.92 323,690,706.38 336,439,727.06 371,403,277.66 379,266,074.76 387,050,058.84 403,080.982.63 392,612,.447.31 354,937,784.24 385,819,628. .78 297,722,019.251 313,390,076.11 326,976,200.38| 347,721,705.16 405,321,335. 20| 515,960,620.18 567,240,851.89 687,685,337.53| 562,478,233.21 560,396,674.401 539,716,913, 544,606,758.621 694,717,942.32 663,125,659. 92 601,060,723.27 603,689,489.84 $9,720,136.29 20,644,544,201.99 $485,224.45 $38,083,055.68 27,787,330.35 29,203,629.50 13,755,491.12 15,295,643.76 8,892,839.95 9,412,637.65 11,560,530.89 5,037,665.22 3,979,279.69 4,029,280.58 405,776.58 317 102.30 1,505,047.63 110.00 8,633,295.71 11,339,344.621 11,166,246.41 1,484, 048.00 455,336.00 530,324.00 1,509,234.00 $712,851, 553.05 640,426; 910.29 625, i i i ;433.20 238,678,081.06 285,474,496.00 268,768,523.47 305,047,054.00 214,931;017.00 439,272,536.46 387,971 556.00 397,465,808.00 348,871,749. ool 404,581,201.001 792,807,643.00 211,814,103.00 113,750,534.00 120,945,724.00 555,942,564.00 206,877,886.00 245,196,303.00 116,314,850.00 154,440,900.00 285,016,650.00 245,111,350.00 245,293,650.00 373,208,857.75 381,463,512.00 347,051,586.00 417,651,223.50 395,787,205.50 482,710,363.50 389, 930,220.00 333,227,920.00 522,490,720.00 510,558,056.00 218,978,610.00 89,259,910.00 147,441,230.00 113,720,100.00 23,292,150.00 117,850,887.00 173,795,965.50 180,523,480.00 42,882,000.00 Total receipts. 1,270,884,173.11 1,131,060,920.56 1,030,749,516.52 609,621,828.27 696,729,973.63 662,092,468.36 679,153.921.56 • 548,669,221.67 744,251,291.52 675,971,607.10 691,551,673.28 630,278,167.58 662,345,079. 70 1,066,634,827.46 546,340,713.98 474,532.826.57 '524,470,974.28 954,230,146.96 555,397,755.92 568,887,009.38 452,754,677.06 625,844,177.66 664,282,724.76 632,161,408.84 648,374,632.63 765,821,305.06 736,401,296.24 732,871,214.78 724,006,538.46 720,516,625.23 820,852,810.29 737,651,925.16 738,549.255.20 451,340.18 ,077,798,907.89 806,663,947.63 651,738.143.21 709,321,952.40 653,892,349.86 567,898,-908.62 713,099,153.32 838,430,859.42 781,584,203.27 646,471,489.84 239,377,049.57 18,148,008,116.69 39,032,414,591.60 casu; prior years on the basis of warrants issued. in this statement but included in Table L, page 114. included issues of certificates and notes, which do not, however, afiiect the cash in geueral fund. 110 REPORT ON THE FINANCES. TABLE K.—STATEMENT OF DISBURSEMENTS OF THE UNITED STATES FROM MARCH 4, J U N E 30) FROM THAT TIME. FOR POSTAL Year. 1791.. 1792.1793.. 1794.. 1795.. 1796.. 1797.. 1798.. 1799.. 1800-. 1801.1802:. 1803.. 1804.. 1805.. 1806.. 1807.. 1808.. 1809.. 1810.. 1811.1S12-. 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.. 1843 a 1844.1845-. 1846-. 1847-. 1848-1819.. 1850.. 1851.. 1.852.. 1853.. 1864.1855.1856-1857-1858.1859-. 1860-1861.. 1862.. 1863.. 1864.. War Department. $632, 804.03 1,100, 702.09 1,130, 249.08 2,639, 097.59 2,480, 910.13 1,260, 263.84 1,039, 402. 2,009, 522. 2,466, 946.98 2,560, 878.77 1,672, 944.08 1,179, 148.25 822, 055.85 875, 423.93 712, 781.28 224, 355.38 288, 685.91 900, 834.40 345, 772.17 294, 323.94 032, 828.19 817, 798.24 652, 013.02 350, 806.86 794, 294.22 012, 096. 004, 236.53 622, 715.10 506, 300.37 630, 392.31 461, 291.78 111, 981.48 096, 924.43 340, 939.85 659, 914.18 943, 194.37 948,,.977.88 145, 544.56 724, 291.07 767, 128.88 841, 835.55 446, 034.88 704, 019.10 696, 189.38 759, 156. 747, 345.25 682, 730.80 897, 224.16 916, 995.80 095, 267.23 801 610.24 6IO; 438.02 2, 671.95 5, 218, 183. 66 5, 746, 291.28 10, 413, 370.58 35; 840, 030. 27; 688, 334.21 14; 558, 473.26 9; 687, 024.68 12; 161, 965.11 8, 521, 506.19 9, 910, 498.49 11 722, 282. 87 648, 074.07 16, 963, 160.51 19, 1.59, 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, 391 048 66 Navy Department. $61, 408.9' 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, 2,427, 758.80 1,654, 244.20 1,965, 566 3,959, 365.15 6,446, 600.10 7,311, 290.60 8,660, 000.25 3,908, 278f30 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, 765.83 2,904, 581.66 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, 183.07 3,956, 370.29 3,901, 356. 75 3,956, 260.42 3,864, 939.06 5,807, 718.23 6,646, 914.53 6,131, 580.53 6,182, 294.25 6,113, 896.89 6,001, 076.97 8,397, 242.95 3,727, 711.53 6,498, 199.11 6,297, 177.89 6,455, 013.92 7,900, 635.76 9,408, 476.029, 786, 705.92 7,904, 724.66 8,880, 581.38 8,918, 842.10 11,067, 789.53 10,790, 096. 32 13,327, 095.11 14,074, 834.64 12,651, 694.61 14,053, 264.64 14,690, 927.90 11,514, 649.83 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, 042.46 23, 475. ^8 113, 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; 503.84 177 625.00 151 875.00 277, 845.00 167, 358.28 167 394.86 530; 750.00 274, 512.16 319; 463.71 505; 704.27 463, 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; 1.91.34 2,1 917.28 2,331; 794.86 2,514; 837.12 1,199; 099.68 578; 371.00 1,256, 532.39 1,539, 351.35 1,027, 693.64 1,430 411.30 1,252; 296.81 1,374, 161.55 1.663, 591.47 2,829, 801.77 3,043, 576.04 494.12 3,^ 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, 976.97 Pensions. Civil a n d Miscellaneous. $175, 813.88 $1,083, 971.61 109, 243.15 4.672, 664.38 80 087.81 511 451.01 81 399.24 750, 350.74 68; 673.22 1,378 920.66 100, 843.71 801 847.58 92, 256.97 1,259, 422.62 104, 845.33 1,139, 524.94 95, 444. 03 1,039; 391.68 64, 130.73 1,337; 613.22 73, 533.37 1,114; 768.45 85, 440.39 1,462; 929.40 62 902.10 1,842; 635.76 80, 092.80 2,19i; 009.43 81 854.59 3,768; 598.75 81 875.53 2,890; 137.01 7o; 500.00 1,697 897.51 82, 576.04 1,423; 285.61 87, 833. 54 1,215; 803.79 83, 744.16 1,101; 144. 75, 043 1,367; 291.40 91 402.10 1,683; 088.21 86; 989.91 1,729, 435.61 90, 164.36 2,208; 029.70 69, 656.06 2,898 870.47 188, 804.15 2,989; 741.17 297 374.43 3,518, 936. 76 890; 719. 90 3,835, 839. 51 2,415, 939.85 3,067 211.41 3,208, 376.31 2,592; 021.94 242, 817.25 2,223; 121.54 1,948; 199.40 .1,967, 996.24 i , 7 r - 588.52 2,022; 093.99 1,499, 326.59 7,155; 308.81 1,308, 810.57 2,748; 544.89 1,556, 593. . 2,600; 177.79 976, 138. •2,713; 476.58 850, 573.57 3,676, 052.64 949, 594.47 3,082; 234.65 1,: 297.31 3,237; 416.04 1,170; 665; 14 3,064; 646.10 1,184 422.40 4,577 141.45 4,589; 152.40 5,716; 245.93 3,364, 285.30 4,404; 728.95 1,954 711.32 4,229; 698.53 2,882 797.96 5,393; 279.72 2,672, 162.45 9,893; 370.27 2,156 057.29 7,160, 664.76 3,142, 750. 51 5,725, 990.89 2,603, 562.17 5,995, 398.96 2,388 434.51 6,490, 881.45 .1,378 931.33 6,775, 624.61 839 041.12 3,202, 713.00 2,032; OOS.99 5,645; 183.86 2,400, 788.11 5,911 760.98 1,811 097.56 6,711 283.89 1,744 883.63 6,885; 608. 35 1,227 496.48 5,650, 851.25 1,328; 867.64 12,885, 334.24 1,866, 886.02 16,043, 763.36 2,293; 377.22 17,888, 992.18 2,401 858.78 •17,504 171.45 1,756; 306.20 17,463 068.01 1,232; 665.00 26,672, 144.68 1,477 612.33 24,090, 425.43 1,296, 229.65 •31,794, 038.87 1,310; 380.58 28,565, 498.77 1,219; 768.30 26,400, 016.42 1,222 222. 71 23,797 544.40 1,100 802.32 27,977; 978.30 1,034; 599.73 23,327 287.69 852; 170.47 21,385; 862.59 1,078; 513.36 23,198, 382.37 4,985; 473.90 27,572 216.87 a F o r t h e h a l f y e a r from Ill SECEETAEY OF THE TEEASUEY. 1789, TO J U N E 30, 1909, B Y C A L E N D A R Y E A R S TO 1843 E X P E N D I T U R E S S E E T A B L E L , P A G E 114. Ordinary disbursements. 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 1816 1817 1818 1819 1820 1821 1822 1823 1824 1825 1326 1827 1828 1829 1830 1831 1832 1833 1834 1835 1836 1837 1838 1839 1840 1841 1842 1843«| 1844 1845 1846 1847 1848 1849 • 1850 1851 1852 1853 1854 1855 1856 1857 1858 1869 1860 1861 1862 1863 1864 177, 373, 097, 752, 947, 239, 172. 955, 815, 402, 411, 239, 949, 185, 657, 368, 369, 557, 866, 163, 585, 451, 599, 593, 990, 822, 536, 209, 211, 151, 126, 172, 922, 943, 366, 975, 486. 098. 542, 912, 373, 772, 303, 202, 57, 863.03 611.28 859.17 523.04 059.06 347.68 516.73 875.90 651.41 601.04 830.06| 172.16 462.36 048.74 114.22 968.26 578.48| 074.23 074.90 671.09 435.57 272.57 455.22 239.04 090.24| 923.34i 282.55 9.54.03 730.56 004.32 073.79 788.79 475.40 557.93 757.40 542.95 071. 51 800.60 843. 23 574.93 748. 74 561.50 796.87i 152. 98 863.08 •14, 996.48 399, 833.89 174, 598.08 284, 977.56 773, 549.851 523, 583.91 1,833, 452.13| 1,040, 458.181 842, 723.27, 1,119, 214.72| 2,390, 765. 3,565, 535.78| 3,782, 393.03 3,696, 760.751 4,000, 297. 3,665, 832.74| 3,070, 926.69 2,314, 464.99 1,953, 822.37 1,593, 265.23 1,652, 055.67 2,637, 649. 70 3,144, 120.94 4,034, 157.30 13,190, 344.84 24,729, 700.62 53,685, 421.69 $3 097, 452. 8 269. 869. 3 846. 929. 6 297. 822. 7 309. 600. 5 790. 650. 6 008. 627. 7 607. 586. 9 295, 818. 10 813, 971. 9 393, 499. 7 976, 252." 7 952, 286. 8 637, 907. 9 014, 348. 9 449, 177, 8 354, 161. 9 061, 413, 10 280, 747. 8 474, 753. 8 178, 040, 20 280, 771, 31 681, 852. 34 720, 925, 32 943, 661. 31 196, 355. 19 990, 892. 20 018, 627. 21 512. 004. 18 285, 534. 16 849, 552. 15 000, 432. 14 706, 629. 20 273, 702. 15 857, 217. 17 037, 859. 16 139, 167. 16 394, 842. 15 184. 053. 15 142, 108. 15 237, 816. 17 288, 9.50. 23 017, 551, 18 627, 570. 17,572, 813. 30 868, 164. 37 243, 214. 33 864. 714. 26 896, 782. 24 314, 518, 26 481, 817. 25 134, 886, 11 780, 092. 22 483, 560. 22 935, 827. 27 261, 182, 54 920, 784. 47 618, 220. 43 499, 078. 40 948, 383. 47 751, 478, 44 390, 252. 989, 47 743, 455, 55 038. 662, 58 630, 68 726, 350, 67 634. 408, 73 982, 492. 68 993, 699, 875, 63 200, 213, 66 650, 241, 469 570, 276, 718 734. 864 969, 100, Jauuary 1 to June 30, 1843. Premiums. AND BY FISCAL Y E A R S ( E N D E D Public debt. 984.23 693, 050.251 2,633 048.07 2,743 771.13 2,841, 639.37 2,577, 126.011 2,617, 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 2,938, 141.62 7,701, 288.96 3,586, 479.26 4,835, 241.12 5,414, 564.43 1,998, 349.88 7,508, 668.22 3,307, 304.90 6,638, 832.11 17,048, 139.59 20,886, 753.57 15,086, 247.59 2,492, 195.73 3,477, 489.96 3,241, 019.83 2,676, 160.33 607, 541.01 11,624, 835.83 7,728, 587. 7,065, 539.241 6,517, 596. 9,064, 637.47| 9,860, 304.77 9,443, 173.29 14,800, 629.48 17,067, 747.79| 1,289, 746.51 5,974, 412.21 328.201 $18,231.43 82,865.81 69,713.19 1.70,063.42| 420,498.64 2,877,818.69 872,047.39 385,372.90| 363,572.39 674,443,"" 21, 822.91 5,590, 723. 791 10,718, 153.53 3,912, 015.62 5,315, 12.19 7,801 990.09 338, 012.64 11,158, 450.71 7,536, 349.49 371, 100.04 5,600, 067. 65 13,036, 922.54 12,804, 478.541 3,656, 335.14| 654, 912.71 2,152, 293.051 6,412, 574.01 17,556, 896.95 6,662, 065.86 3,614 618.66 3,276, 606.05 7,505, 250.82 14,685, 043.15l 13,854, 250.001 18,737, 100.00 96,097, 322.091 181,081, 635.07 430,572, 014.03' Total disbursements. $3,' 8, 6, 9> 10, 40, 35, 24, 21, 19, 17, 15, 31, 23, 24, 22, 25, 25, 24, 30, 34, 24, 24, 17, 30, 37, 39, 37, 28, 31, 32, 12, 33, 30, 27, 60, 60, 56, 44, 48, 46, 54, 75, 66, 72, 71, 82, 83, 77, 85, 565, 899, 1,295, 436.78 920. ool 977.97 593.171 240.15| 776.84 877.37 618.41 396.97 534.12| 376.94 487.31 983.67 113.721 309.4' 196.261 292.991 702.04 226.30| 994, 604.86| 121.16 520.36 230.32 493.35 495.51 646.04 875.40 199.73 024.85 572.69 592.63 171. OOl 538.47 804.72 398.46 764.04 479.52 358.40 281.55 446.12 698.06 298.49| 982.44 141.56 164.04 037.15 438.35 936.15| 633.81 530.03 876.53 105.15 010.85 408.71 282.90 851.74 143.191 422.74 718.26| 104.31 .608.83 061.741 170.75 775.96 341.57 587.37 186.74 642.92 125.65 31.3.08 563.74 911.25 541 114.! Balance in Treasury at the end of the year. $973 , 905.76 783;,444.61 753,, 661.69 1,151,,924.17 516,,442.61 888>, 995.42 1,021 ,899.04 617 . 451.43 2,161 ,867.77 ,311.99 2, 623; 3,295,,391.00 5,020,', 697.64 4,825,,811.60 4,037,005.26 3,999,1,388.99 4,538,i, 123.80 9,643,.850.07 9,941 ,809.96 3,848,056.78 2,672,,276.57 :, 305. 80 3,502, i, 217.41 3,862, 5,196,i, 542.00 1,727 ,848.63 13,106;,592.88 22,033,,519.19 14,989;',465.48 1,478,i, 526.74 2,079,', 992.38 1,198,i, 461.21 1,681 ,592.24 4,237,427.55 9,463;,922.81 i, 597.13 1.946, 5,201 ,650.43 6,358;i, 686.18 6,668,,286.10 :, 435.81 5,972, 5.755,,704.79 6,014,:, 539.75 4,502,:, 914.45 2, Oil, 777.56 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 , 503.68 29,963,, 163.46 28,685,,111.08 30,521,,979.44 39,186,i, 284.74 36,742,:, 829.62 36,194,274.81 38,261 , 959. 65 33,079,', 276.43 29,416,,612.45 32,827,,082. 69 35,871 ,763.31 40,158;,353.25 ,860.02 43, 338, 50,261,,901. 09 48,591 ,073.41 47,777 ,672.13 49,108;;, 229.80 46,802,:, 855.00 35,113,i, 334.22 33,193,,248.60 ;, 530.78 32,979, 30,963,;, 857.83 46,965,,304.87 36,523,,046.13 134,433,,738.44 112 REPORT ON T H E FINANCES. T A B L E K . — S T A T E M E N T OF T H E DISBURSEMENTS OF T H E U N I T E D War Department. Year. 1865. 1866. Navy Department. Indians. Pensions. Civil and miscellaneous. $1,030,690,400.06 $122,617,434.07 283,164,676.06 43,285,662.00 $5,059,360.71 3,295,729.32 $16,347,621.34 15,605,549." $42,989,383.10 40,613,114.17 3,568,638,312.28 717,551,816.39 a 3,621,780.07 a77,992.17 103,369,211.42 a53,286.61 119,607,656.01 a9,737.87 643,604,554.33 a 718,769.52 717,629,808.56 103,422,498.03 4,642,531.77 31,034,Oil.04 25,775,502.72 4,100,682.32 20.000,757.97 7,042,923.06 21,780,229.87 3,407,938.15 19,431,027.21 7,426,997.44 21,249,809.99 7,061,728.82 23,526,256.79 7,951,704.88 30,932,587.42 6,692,462.09 21,497,626.27 8,384,656.82 18,963,309.82 5,966,558.17 14,959,935.36 6,277,007.22I 17,365,301.37 4,629,280.28 15,125,126.84 6,206,109.08 13,536,984.74 5,945,457.09 15,686,671.66 6,514,161.09 15,032,046.26 9,736,747.40 15,283,437.17 7,362,590.34 17,292,601.44 6,475,999.29 16,021,079.67 6,552,494.63 13,907,887.74 6,099,158.17 15,141,126.80 6,194,522.69 16,926,437.65 6,249,307.87 21,378,809.31 6,892,207.78 22,006,206.24 6,708,046.67 26,113,896.46 8,527,469.01 29,174,138.98 11,150,577. 67 30,136,084.43 13,345,347.27 31,701,293.79 10,293,481.52 28,797,795. 73 9,939,754.21 27,147,732.38 12,165,528.28 34,561.546.29 13,016,802.46 58,823 984.80 10,994,667.70 63,942,104.25 12,805,711.14 55,953.077.72 10,175,106.76 60,506,978.47 10,896,073.35 67,803,128.24 10,049,584.86 82,618,034.18 12,935,168.08 102,956,101.55 10,438,350.09 117,550,308.18 14,236,073.71 110,474,264.40 12,716,859.08 97,128,469.36 15,163,608.41 118,037 097.15 14,579,765.75 115,546,on. 09 15,694, 618.11 119,617, 393.88 20,936, 551.71 23,782; 386. 781 28,476; 621.78| 28,340; 202.17 34,443; 894.88 28,533; 402.76 29,359; 426.86| 29,038, 414. 29, 456, 216.221 28,257, 395.69 27,963, 752.27 27,137, 019.081 35,121, 482, 56,777, 174.441 50,069, 279.62 61,345, 193.95 66,012, 573.64 55,429, 228.06 56,102, 267.49 63,404, 864.03 75,029, 101.79 80,288, 508.77 87,624. 779.11 106,935, 855.07 124,415, 951.40 134,583, 052.79 159,357, 557.87 141,177, 284.96 141,395, 228.87 139,434, 000.98 141,053, 164.63 147,452 368.61 139,394; 929.07 1.40,877; 316.02| 139,323, 621.99 138,488, 559.73 138,425, 646.07 142,559, 266.36 141,773, 964.57 141,034, 561.77 139,309, 514. 31 153,892, 467.01 161,710, 367.25 644,323, 323.85 51,110, 223.72 53,009, 867. 67 56,474, 061.53 53,237, 461.56 60,481, 916.23 60,984, 757.42 73,328, 110.06 85,141, 593.61 71,070, 702.98 73,599, 661.04 58,926, 532.63 53,177, 703.57 65,741 555.49 54,713, 529.76 64,416, 324.71 57,219, 750.98 68,678, 022.21 70,920, 433.70 87,494, 258.38 74,166, 929.85 85,264, 825.59 72,952, 260.80 80,664, 064.26 81,403, 256.49 110,048, 167.49 99,841, 988. 61 103,732, 799.27 101,943, 884.07 93, 279, 730.14 87,216, 234. 62 90,401, 267.82 96,520, 505.17 119,191, 255.90 105,773, 190.16 122,282, 003.10 113,469, 323.91 124,934, 304.74 136,602; 202.92 143,033, 728.82 142,894, 471.46 153,045, 913.13 175,420, 408.67 186,502, 149.47 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-. 1894.. 1896., 1896-, 1897., 1898-. 1899-. 1900.. 1901.. 1902-. 1903-. 1904.. 1905.. 1906.. 1907.. 1908.. 1909-. Total 5,572,260,092.35 95,224,415.63 123,246,648.62 78,501,990.61 57,656,676.40 35,799,991.82 35,372,157.20 46.323,138.31 42,313,927.22 41,120,645.98 . 38.070, 888.64 37; 082,735.901 32,154,147.851 40,425,660.73 38,116,916.22 40,466,460.55 43,570,494.19 48,911,382.93 39,429,603.36 42,670,578.47 34.324,162.74 38,561,025.85 38,522,436.11 44,435,270.85 44,682,838.08 48,720,065.01 46,895,456.30 49,641,773.47 54,567,929.85 61,804,759.13 50,830,920.89 48,950,267.89 91,992,000.29 229,841,254.47 134,774,767.78 144,615,697.20 112,272,216.08 118,619,520.15 115,035,410.58 122.175,074.24 117,946,692.37 122,576, 465.49 137,746; 523.95 161,067,462.39 6,689,217,533.14 2,440,456,627.36 485,098,308.61 3,956,132,811.36 4,564,634,667.36 a Outstanding warrants; NOTE.—This statement is made from warrants paid by the Treasurer up to June 30, 1866. The outbursements for the Panama Canal are-omitted in this statement, but included in Table L, page 114. cates and notes, which do not, however, affect the cash in general fund. These redemptions are SECRETAEY OF T H E TEEASURY. STATES FROM MARCH 4, 1789, TO J U N E 30, 1909, Ordinary disbursements. 1865 1866 1890 1891 1892 1893 1894 1896 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 ETC.—Continued. Public debt. Total disbursements. Balance in Treasury at t h e e n d of the year. $77,395,090.30 $1,295,099,289.58 $1,717,900.11 $609,616,141, $1,906,433,331.37 $33,933,657.89 519,022,356.34 133,067,624.91 58,476.51, 620,263,249.101 1,139,344,081.95 165,301,654.76 502,689,519.27 5,655,461,069.70 a 4,484,454.72 a 2,888.48 1867 1868 1869 1870 1871 1872 1873 1874 1876 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 Premiums. 113 602,692, 407.75 5,659,945.524.42 143,781 591.91 346,729,325.78 140,424, 045.71 370,339.133.82 130,694, 242. 321,190,597.75 129,235; 498. OOl 293,657,005.15 283,160,393.51 125,576; 565. 117,357, 839.72| 270,659,695.91 285,239.325.34 104,750, 688.44 301 238,800.21 107,119, 815.21 274,623.392.84 103,093, 644.57 265,101,084.59| 100,243, 271.23 241 334,474.86 97,124, 511.58 236;964.326.80 102,500, 874.65| 266,947,883. 53 105,327, 949. 264,847,637.36 95,757; 575. Ill 259,651.638.81 82,508, 741.18 257,981,439.57 71,077, 206.79 265,408,137.54 59,160, 131.25 244,126,244.33 54,578, 378.48 260,226,935.11 51,386, 256.47 242.483,138.50 50,580, 145.97 267,932,179.97 47,741, 677.25 259,653,958.67 44,715, 007.47 281,996,615.60 41,001, 484.29 36,099, 284.051 297,736,486.60 355,.372,684.74 37,547, 135.37 23,378, 116.231 345,023,330.58 383,477,954.49 27,264, 392.18 367,625.279.83 27,841, 405.64 356, 030.21 195,298.29 30,978, 362,179,446.08 35,385, 028.93 365, 110.48 774,159.57 37,791, 443,368,582.80 37,585, 056.23 605, 925.02 072.179.85 39,896, 487,713,791.71 40,160, 333.27 509,967,353.15 32,342, 979.04 471, 190,857.64' 29,108, 044.82 506,089,022.04| 348.82| 28,656, 532,237,821.31 24,646, 489.81i 563,360,093.62 944.10 24,590, 649,405.425.35 24,308, 576.27 551, 158.34 705,129.04 24,481. 621, 102,390.64 21,426, 138.21 662, 324,444.771 21,803, 836.46 7,611,003.56 2,374,677,103.12 1,037,749,176. a 100.31 0 4,484,555.031 a 4,484,555.03 7,611,003.56 10,813,349.38! 7,001,151.04 1,674,680.051 15,996,565.60 9,016.794.74 6,958,266.76 5,105,919.99 1,395,073.55 2,795,320.42 1,061,248."" 8,270,842.46 17,292,362.65 20,304,224.06| 10,401,220.61 33,147,054.81 14,649,672.95| 14,043,391.1^ 10,907,119.82 1,257,578.01 1,417,479.53 226,095.97 , 374,677, 203.43 8,042, 233,731. 735,536, 980.11 1,093, 079,655. 692,649, 685.88 1,069, 889,970. 261,912, 718.31 584, 777,996. 393,254, 282.13 702, 907,842. 399,503, 670.65 691, 680,858. 405,007, 307.54 682, 525.270. 233,699, 352.58 524, 044,597. 422,065, 060.23 724, 698.933. 407,377, 492.48 682, 000,885. 449,345, 272.80 714, 446,357. 323,965, 424.05 665, 299,898. 353,676, 944.90 590, 641.271. 699,445, 809.16 '966, 393.692. 432,590, 280.41 700, 233,238. 165,152, 335.05 425, 865,222. 271,646, 299.55 529, 627,739. 590,083, 829.96 855, 491,967. 260,520, 690.50 604, 646.934. 211,760, 353.43 471, 987,288. 205,216, 709.36 447, 699,847. 271,901, 321.15 539, 833,501. 249,760, 258.05 617, 685,059. 318,922, 412.35 618, 211,390. 312,206, 367.50 630, 247,078. 365,352, 470.87 731, 126,376. 338,995, 958.98 684, 019,289. 389,530, 044.50 773, 007,998. 331,383, 272.95 698, 908,552. 354,276, 868.93 710, 472,157. 396,190, 023.35 748, 369,469. 353,180, 877.50 718, 955,037. 384,219, 542.00 827, 588,124. 341,149, 968.98 946, 222,148. 365,582, 271.25 886, 443,117. 212,620, 767.78 737, 237.693. 74,006, 898.00 559, 241,146. 103,569, 394.00 620, 565,635. 52,181, 296.75 685,, 676,696. 12,680, 671.30 576,, 040,764. 55,304, 111.80 606, 127,016. 83,769, 743.00 635, 699,968. 35,539, 750.00 656, 642,140. 60,139, 630.50 722, 463,976. 160, 817,099.73 198, 076,537.09 158, 936.082.87 183, 781,985.76 177; 604.116.61 138; 019,122.16 134; 666,001.85 159; 293,673.41 178, 833.339.64 172, 804,061.32 149, 909,377.21 214, 887.645.88 591,453.88 832.588.65 231 940,064.44 280, 607,668.37 275, 450,903.53 374, 189.081.98 424, 941,403.07 521, 794,026.26 526, 848,755.46 1-512, 851,434.26 659, 449,099.94 673, 399,118.18 691, 527,403.76 726, 222,332.60 778, 604,339.28 738, 467,655.07 763, 565.640.75 773, 610.008.76 846, 093.349.62 864, 790,237.71 775, 751,368.11 867, 980,559.46 1,059, 336,349.58 |1,128; 762,603.23 1,221,,259,599.66 11,310, 016,016.20 1,378, 221.684.99 1,320,1,830,164.23 1,423,:,551,407.27 1,606,,639,104.32 1,735,,608,040.32 1,646,,954,789.78 3,213,620,684.24 621,348,160,622.07 201,345,305.8816,751,451,614.00 37,300,957,441.95 s t a n d i n g w a r r a n t s a r e t h e n a d d e d , a n d t h e s t a t e m e n t is b y w a r r a n t s issued from t h a t d a t e . ' T h e disU n d e r t h e h e a d s of " P u b l i c d e b t " a n d " T o t a l d i s b u r s e m e n t s " a r e i n c l u d e d r e d e m p t i o n s of certifie x c l u d e d from t h e p u b l i c d e b t figures i n T a b l e L p a g e 114. 18518—FI 1909 8 T A B L E L . — R E C E I P T S AND DISBURSEMENTS OP THE U N I T E D STATES, FISCAL YEARS 1856 TO 1909, INCLUSIVE. •{^ RECEIPTS. Miscellaneous. Year. 1866. 1867. 1858, 1859. 1860. 1861. 1862. 1863. 1864. 1865. 1866. • 1867. 1868. 1869. 1870. 1871. 1872. 1873. 1874. 1875. 1876. 1877. 18781879. 1880.. 1881. 1882. 1883. 1884. 1885. 1886. 1887. 1888. 1889. 1890. 18911892. 1893. 1894. Customs. 022,863.50 63 ,875,905.05 41, 789,620.96 49, 565,824. 38 63, 187.511.87 39, 582,125.64 49, 056.397.62 69, 059, 642.40 102, 316,152. 99 84, 928,260. 60 179, 046,651.58 176, 417.810.88 164, 464.599.56 180, 048.426.63 194, 538,374.44 206, 270,408.05 216, 370,286.77 188, 089,522.70 163, 103.833.69 157, 167,722.35 148, 071.984.61 130, 956,493.07 130, 170,680.20 137, 250.047.70 186, 522,064.60 198, 159,676.02 2-20,410,730.25 214, 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, 219, 668.584.57 177, 522,205.23 203, 452,964.15 131, 855,016. 73 818.630.62 Internal revenue. $37,640, 787. 95 109,741, 134.10 209,464, 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. 700,732.03 118,630, 407.83 110,581, 624.74 113,561, 610.58 124,009, 373.92 135,264, 385.51 146,497, 595.45 144,720, 368.98 121,586, 072.51 112,498, 726.54 116,805, 936.48 118,823, 391.22 124,296, 130,881, 871.98 142, 606,513.92 145, 686,705.81 153,971, 249.44 161,027, 072. 57 147,111, 623. 93 232.81 Sales of p u b l i c lands. $8,917, 644. 93 3,'829; 486.64 3,513; 715.87 1,756, 687.30 1,778, 557.71 870, 658.54 152, 203.77 167, 617.17 588, 333.29 996, 553.31 665, 031.03 1,163, 575.76 1,348, 715.41 4,020, 344.34 3,350, 481.76 2,388, 646.68 2,575, 714.19 2,882, 312.38 1,852, 428.93 1,413, 640.17 1,129, 466.95 976, 253. 68 1,079, 743.37 924, 781.06 1,016, 506,60 2,201, 863.17 4,753, 140.37 7,955, 864.42 9,810, 705.01 5,705, 986.44 5,630, 999.34 9,254, 286.42 11,202, 017. 23 8,038, 651.79 6,358, 272.51 4,029, 535.41 3,261, 875. 58 3,182, 089. 78 1,673,;'637.30 Direct tax. $1,795,331.73 1,485,103.61 475,648.96 1,200,573.03 1,974,754.12 4,200,233. 70 1,788,145.85 765,685. 61 229,102.88 580,355. 37 315,254.51 93,798.80 30.85 1,516.89 160,141.69 108,156.60 70, 720.75 108,239.94 32,892.05 1,565.82 O t h e r miscellaneous items. $1,116,190.81 1,259,920.88 1,352,029.13 1,454,596.24 1,088,530.25 1,023,515.31 915, 327.97 3,741,794.38 30,291,701.86 25,441,556.00 29,036,314.23 15,037,522.15 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; 695.02 21,984, 881.89 24,014, 055.06 20, 989,527.86 26.005, 24,674, 814.84 24,297 446.10 24,447 151.44 23,374 419.74 20,251 457.23 18,254; 871.94 17,118,898.34 618.52 Ordinary reT o t a l o r d i n a r y S u r p l u s o n ord i n a r y r e c e i p t s . P o s t a l r e v e n u e . p o scteailp trse va enndu e . receipts. $74,056,699.24 68,965,312.57 46,655, 365.96 52,777,107.92 56,054,599.83 41,476,299.49 51,919,261.09 112,094,945. 51 243,412,971.20 322,031,158.19 519,949,564. 38 462,846,679.92 376,434,453.82 357,188,256.09 395,959,833.87 374,431,104.94 364,694,229.91 322,177,673.78 299,941,090.84 284,020,771.41 290,066,684.70 281,000,642.00 257,446,776. 40 272.322.136.83 333,526,500. 98 360,782,292.57 403,525,250.-28 398,287,581. 95 348,519,869. 92 323,690, 706.38 336,439,727.06 371,403,277.66 379,266.074. 76 387.050.058.84 403,080,982.63 392,612,447.31 354,937,784.24 385,819,628.78 297,722,019.25 $4,871, 046.35 1,533, 177.30 * 26,955, 461.35 * 16,293 868.82 * 7,075, 998.56 * 25. 070, 345.40 * 422,842 557.82 * 602,645, 779.66 * 621,909, 670.77 * 973,806, 166.11 *801, 376.09 116,117; 354.14 6,095, 320.00 35,997, 658.34 102,302, 828.72 91,270, 71L43 94,134, 534.00 36,938, 348.44 * 1,297, 709.37 9,397; 378.57 24,965, 500.11 39,666, 167.14 20,482, 449. 60 5,374, 263. 30 68,678, 863. 62 101,130, •653. 76 145,543, 810. 71 132,879, 444.41 104,393, 625.59 03,463, 771.27 93,956, 588. 56 103,471, 097.69 119,612, 116.09 105,053, 443.24 105,344, 496.03 37,239; 762.57 9,914; 453.66 2,341 674.29 * 69,803, 260.68 $6,920, .821.66 7,353, 951.76 7,486, 792.86 7,968, 484.07 8,518, 067.40 8,349, 296.40 8,299,820.90 11,163, 789.59 12,438, 986.21 14,556, 158.70 14,436, 986.21 15,297, 026.87 16,292, 6OO;80 18,344, 510.72 19,772, 220.65 20,037, 045.42 21,915, 426.37 22,996 741.57 26,471, 071.82 26, 791,360.59 28,644; 197.50 27,531, 585.26 29,277, 516.95 30,041, 982.86 33,315, 479.34 36, 785,397.97 41,876, 410.15 45,508, 692. 61 43,325, 958.81 42,560, 843.83 43,948, 422. 95 48,837, 609.39 52,695, 176. 79 56, 175,611.18 60,882, 92 65,931 097. 785.72 70,930, 475.98 75,896, 75,080, 993.16 479.04 $80,977, 520.90 76,319, 264.33 54,142, 158.82 60,745, 691.99 64,572, 667.23 49,825, 595.89 60.219, 081.99 123,258, 735.10 255,851, 957.41 336,587, 316.89 634,386, 5.50.59 478,143, 7u6.79 392,727, 054.62 375,532, 766.81 415, 732,054.52 394,468, 150.36 .386,609, 656. 28 345,174, 415. 35 326,412, 162.66 810,812, 132.00 318, 710,782.20 308,532, 227.26 286,724 293.35 302,364, 119.69 366,841 980. 32 397,567; 690.54 445,401, 660.43 443,796, 274.56 391,845, 828. 73 366,251, 550.21 380,388, 150.01 420,240, 887.06 431.961. 251.65 443,225. 463,963, 670.02 458.544, 080.55 425,868, 233.03 461,716, 260.22 372,802, 621.94 498.29 O H O w a Ul 1895, 1896 1897 1898 1899, 1900 1901 1902 1903 1904 1906 1906 1907 1908 1909 152,168,617.45 160,021,751. 67 176,654,126.65 149,575,062.35 206,128,481.75 233,164,871.16 238,586,455.99 254,444,708.19 284,479,581.81 261,274,664.81 261,798,856.91 300,251,877,77 332,233,362.70 286,113,130.29 300,711,933.95 143,421,672.02 146,762,864.74 146,688,674.29 170,900,641.49 273,437,161.51 295,327,926.76 307,180,663.77 271,880,122.10 230,810,124.17 232,904,119.45 234,095,740.85 249,150,212.91 269.666,772.85 251,711,126.70 246.212,643.59 103,347.16 005,523.43 864,581.41 243,129.42 678,246.81 836,882.98 966,119.65 144,122. 78 926,311.22 453,479.72 869,249.80 879,833.66 878,811.13 731, 660.23 700,567.78 16,706,438.48 19,186,060.54 23,614,422.81 83,602,501.94 34,716,730.11 35,911,170.99 38,954,098.12 32,009.280.14 36,180,657.20 38,084,749.88 43,852,911.06 40,436.017.99 53,346,713.24 53,504,906.05 48.964,344.52 * Disbursements in excess of receipts. 313,390,075.11 326,976,200.38 347,721, 705.16 405,321,335:20 515,960,620.18 667,240,861.89 587,685,337.53 562,478,233.21 560,396,674.40 539,716,913.86 544,606,758.62 594,717,942.32 663,125,659.92 601,060,723.27 603,589,489.84 * 42,806,223.18 * 25,203,245.70 * 18,052;454.41 * 38,047,247.60 * 89, 111,559.67 79,527,060.18 77,717,984.38 91,287,376.57 54,307,652.36 7,479,092.55 * 18,753,335.00 46,312,616. 97 111,420,630.88 * 20,041,667.37 * 58,734,954.93 76,983,128.19 82,499,208.40 82,665,462,73 89,012,618.55 95,021, 384.17 102,354; 579.29 111,631 193.39 121,848,047.26 134,224,443.24 143,582,624.34 152,826,585.10 167,932,782. 95 183,585,005.57 191,478,663.41 203,562,383.07 390,373,203.30 409,476,408.78 430,387, 167.89 494,333,953.75 610,982,004.35 669,595,431.18 699,316,530.92 684,326,280.47 694,621, 117.64 683,299,638.20 697.433 343.72 762,660,725.27 846,710 665.49 792,539,386.68 807,151,872.91 Ul O H > o H w H > Ul cn T A B L E L . — R E C E I P T S AND D I S B U R S E M E N T S OP T H E U N I T E D STATES, ETC.—Continued. RECEIPTS. Oi Public debt. P a n a m a Canal, p r o c e e d s of bonds and premium. Year. 1856 1867 1858 1859 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 1886 1886..-. 1887 1888 1889 1890 1891 1892 1893 -- P r o c e e d s of Deposits t o r e t i r e national-bank bonds and other securities. notes. . . . . - « . . $63,571,690.75 2,977,838.00 2,937,580.00 $200.00 3.900.00 23,717,300.00 28,287,500.00 20.776.800.00 41,861,709.74 529,692,460.50 774,583,361.57 1,086,318,197.43 1,472,299,610.23 611,040,031.05 473,024,790.29 538,099,974.00 100,069,071.06 31,569,916.00 •209,384,960.49 173,717,750.00 38,681,450;00 183,235,866.00 133,118,500.00 -132,928,950.00 ' 141,134,650.00 198,850,250.00 617,578,010.00 73,065,540.00 678,200.00 225,300.00 304,372,850.00 . 1,404,650.00 58,150.00 39,850.00 40,900.00 48,650.00 24,350.00 21,650.00 13,750.00 15,250.00 22,900 00 P r e m i u m received. $709,357.72 10,008.00 33,630.90 68,400.00 602,345.44 21,174,101.01 11,683,446.89 38,083,055.68 27, 787,330.35 29,203,629.50 13,755,491.12 15,295,643.76 8,892.839.95 9.412,637.65 11,560,530.89 5,037,665.22 3,979,279.69 4,029,280.58 405,776.58 317,102-30 1,505,047.63 110.00 * Total public debt. $200.00 3,900.00 23,717,300.00 28,996,857.72 20,786,808.00 41,895,340.64 629,760,860.60 775,186,707.01 1,107,492,298.44 1,483,982,957.12 649,123,086.73 500.812.120.64 567.303,603.60 113,824,662.18 46,865,559.76 218,277,800.44 183.130.387.65 50,241.980.89 188,273,531.22 137,097,779.69 136,968,230.68 141,540,426.58 199,167,352.30 619,083,057.63 73,065,650.00 678,200.00 225,300.00 304,372,850.00 1,404,650.00 58,150.00 39,850.00 40,900.00 48, 650.00 24,350.00 21,650.00 63,585,440.75 2,993,088.00 2,960,480.00 T o t a l r e c e i p t s , S u r p l u s or deficit i n c l u d i n g postal o n a l l r e c e i p t s . revenue. $80,977,720.90 76,323,164.33 77,859,468.82 89,742,449.71 85,359,476.23 91,720,936.53 589,979,942.49 898.444.442.11 1,363,344,255.85 1,820,570,274.01 1,183,509,637.32 978,955.827.43 960.030.658.12 489,367,328.99 462,597,614.28 612,745.950.80 569.740.043.93 395,416, 396.24 514,685,693.88 447,909,911.69 455,669,012.78 450,072,653.84 485,891,645.65 921,447,177.32 439,907,630.32 398.245.890.54 445,626,960.43 748,169,124. 56 393,250,478.73 366,309,700.21 380,428,000.01 420,281,787.05 432.009.901.55 443.250,020.02 463,984,730.55 522,129, 673.78 428,861,348.22 464.677.101.94 $871,254.79 *2,103,101.14 *11,317.855.25 *1,999,554.25 *720,540.56 *1,317,904.76 10,821,380.59 *6,447,707.72 96,322,394.61 *94,742,520.78 118,058,120.03 29,996,626.29 *37,050,814.22 9,435,292.16 *7,638,809.25 *24,963,914.08 *16,571,348.65 *14,479,076.24 9,157,257.63 *4,655,478.22 *4,204,784.11 29,967,068.67 75,651.808.00 144,575,084.77 •141,485,744.21 14,637,023.93 *20,736 144.84 *1,178,462.56 4,531,941.09 17,479,285.84 49,412,596.20 *24,447,370.46 36,527,710.58 *33 503 357.76 *19,601,877.53 *34,132 371.55 *27,673,266.32 *4-. 445,400.21 hj O W H O t^ H fej H-l > o Ul 1894 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1906 1906 1907 1908 1909 . . . -• . - $31,210,817.95 25,367,768. 67 30,731,008.21 16,637,783.50 12,066,172.50 5,965,683.50 15,448,970.00 22,024,970.00 21,973,510.00 17,240,290.00 12,882,868.50 32,735,434.50 24,270,925.00 26,410,205.00 22,557, 927.50 35,132,672.00 30,477,420.00 64,333,136.60 45,624,239.50 50,014,250.00 81,165,050.00 131,168,800.00 3,250. 00 5,950. 00 199,201,210.00 117,770.00 3,700.00 2,370.00 2,050.00 2,600.00 2,750.00 2,050.00 5,100.00 15,436,500. 00 • Disbursements in excess of receipts. 8,633,295.71 11,339,344.62 11,166,246.41 1,484,048.00 455,336.00 530,324.00 1,509,234.00 75,285,329.21 104,560,567.12 148,300,729.91 15,452,220.00 22,030,920.00 221,174,720.00 17,358,060.00 12,886,568.50 32,737,804.50 25,757,023.00 26,868,141.00 22,560,677.50 35,665,046.00 31,991,754.00 79,769,636.50 45,624,239. 50 448,087,827.50 494,933,770.42 557,776,138. 69 445,839,387.89 516,364,873.75 832,156.724.35 686,953,491.18 712,203,099.42 717,064,084.97 720,378,140.64 710,167,679.20 719,994,021.22 798,315,771.27 909,913,237.44 897,676,791.85 883,507,120.62 *5,703,914.32 46,192,425.01 104,580,230.86 *25,071,091.91 *61,948,849.60 100,791,521.35 23,038,214.12 21,215 743 65 33,672,596.43 26,266 651 54 •66,634,546.21 *26,574,076.13 35,211,862.93 91,372.090 65 •26 890 097 74 •118,795,919.63 W O W > o fej W H W > Ul to T A B L E L . — R E C E I P T S AND DISBURSEMENTS OF T H E UNITED STATES, ETC.—Continued. 00 DISBURSEMENTS. Civil a n d miscellaneous. Year. 1856. 1857. 1858. 1859. 1860. 1861. 1862. 1863. 1864. 1866. 1866. 1867. 1868, 1869. 1870, 1871. 1872, 1873. 1874, 1876. 1876, 1877, 1878. 1879, 1880, 1881 1882, 1883, 1884, 1886. 1886, 1887, 1888, 1889, 1890. 1891. 1892. .1893. E x c l u s i v e of p o s t a l deficiency. 829,846.07 247.649.97 460,436. 57 200,295.14 780,424.96 202.776.02 476,894.73 007,651.41 605,599.46 047,658.01 066,961. 54 610,223.72 009.867.67 932.594.68 474,961.56 781,916.23 416,007.42 562,635.06 927,548.90 508,486.68 082,120.68 193,493.59 436,245.28 968,031.00 642,529.76 520,686.05 219.750.98 603.519.03 920,433.70 952,647.80 973,277.83 763,578. 54 896,223. 67 795.144.53 528,219.58 306,395.41 790.498.90 786,004.08 P o s t a l deficiency. Total civil a n d miscellaneous. $2,294,368.00 $32,124, 214.07 2,916,883.00 28.164, 532.97 3,969,173.00 26,429, 609.57 3,500,000.00 23,700, 295.14 27,976, 434.22 8,196,009.26 23,267, 010.46 4,064,234.44 21,408, 491.16 2,932,596.43 23,256, 965.39 249,313.98 27,505, 599.46 43,047, 658.01 41,056 961.54 1,500,000.00 61, n o : 223.72 53,009, 867.67 66,474, 061.63 2,541,466.85 53, 237, 461.66 2,762,500.00 60,481 916.23 3,700,000.00 60,984, 757.42 3,568,750.00 4,765.475. 00 73,328, 110.06 85,141, 593.61 4,214,044.71 71,070, 702.98 6,562,216.30 73,599, 661.04 4,517,540.36 68,926, 532.53 5,733,038.94 63,177, 703.57 5,741,458.29 65,741, 555.49 4,773,524.49 64, 713, 529.76 3,071,000.00 64,416, 324.71 3,895,638.66 57,219, 750.98 68,678, 022.21 74,503.18 70; 920, 433.70 87,494, 258.38 4,541, 610.58 74,166, 929.85 8,193, 652.02 85,264, 825.69 6,501, 247.05 72,952, 260. 80 3,056, 037.13 80,664, 064.26 3,868, 919.73 81,403, 256. 49 6,875, 036.91 772.08 4,741, 110,048, 167.49' 4,051, 489.71 99,841, 988.61 5,946, 795.19 103,732, 799.27 War Department. Navy Department.. $16. 948,196. 89 $14,091 781.06 19, 261,774.16 12,747, 976.83 25, 485,383. 60 13,984, 551.09 23, 243,822. 38 14,642 989.73 16, 409,767.10 11,514, 964.96 22, 981,150.44 12,420, 887.89 42,668, 277.09 394, 368,407.36 63,221, 963.64 599, 298,600.83 85,725, 994.67 690, 791.842.97 1,031, 323,360. 79 122,612, 945.29 43,324, 118.52 284, 449,701.81 31,034, Oil. 04 95. 224,415.63 123; 246,648. 62 25,775, 502.72 20,000, 757.97 78, 501,990.61 57, 655, 675.40 21,780, 229.87 19,431, 027.21 35, 799,991.82 21,249, 809.99 35, 372,157.20 23,526, 256.79 46, 323,138.31 30,932, 587.42 42, 313,927.22 21,497, 626.27 41, 120.645.98 18,963, 309.82 38, 070,888.64 14,969, 935.36 37, 082,735.90 17,365, 301.37 32, 154,147.85 15,125. 126.84 40, 425,660.73 13,536, 984.74 38, 116,916.22 16,686, 671.66 40, 466,460.55 15,032, 046.26 43, 570,494.19 15,283, 437.17 48, 911,382.93 429,603. 36 17,292, 601.44 . 39, 16,021, 079.67 670,578. 47 42, 13,907, 887.74 34, 324,152.74 15,141, 126.80 561,02'5.85 38, 16, 926, 437.65 38,'622,436.11 21,378, 435,270.85 44, 809.31 22,006, 206.24 44, 582,838.08 26,113, 896.46 720,065.01 • 48, 29,174, 46, 895,456.30 138.98 30,136, 084.43 49, 641,773.47 Indians. $2,769, 429.55 4,267, 543.07 4,926, 738.91 3,625, 027.24 2,949, 191.34 2,841, 358.28 2,273, 223.45 3,154, 357.11 2,629, 858.77 5,116, 837.08 3,247, 064.56 4,642, 531.77 4,100, 682.32 7,042, 923.06 3,407, 938.15 7,426, 997.44 7,061, 728.82 7,951, 704.88 6, 692, 462.09 8,384, 656.82 5,966, 558.17 5,277, 007.22 4,629, 280.28 5,206, 109.08 5,945, 457.09 6,514, 161.09 9,736, 747.40 7,362, 590.34 6,475, 999.29 6,552, 6,099, 494.63 6,194, 158.17 522. 69 6,249, 307. 87 6,892, 6,708, 207.78 046.67 8,527, 11,150, 469.01 13,345, 677.67 347.27 Pensions. $1,298, 208.95 1,312, 043.01 1,217, 488.47 1,220, 378.29 1,102, 926.16 1,036, 064.06 853, 095.40 1,078, 991.59 4,983, 924.41 16,338, 811.13 15,605, 352.,35 20,936, 551.71 23,782, 386.78 28,476, 621.78 28,340, 202.17 34,443, 894.88 28,533, 402. 76 29,359, 426.86 29,038, .414.66 29,456, 216.22 28,257, 395.69 27,963, 752.27 27,137, 019.08 35,121, 482.39 56,777, 174.44 50,059, 279.62 61,345, 193.95 66,012, 573.64 55,429, 228. 06 56,102, 267.49 63,404, 864.03 75,029, 101.79 80,288, 508.77 87,624, 779.11 106,936, 855.07 124,415, 951.40 134.583, 052.79 159,357, 557.87 Interest on t h e Total ordinary disbursements. public debt. $1,953, 822.37 1.678, 265.23 1,567, 065.67 2, ' " 463.96 3,177,314. 62 4,000, 173.76 13,190, 324.45 24,729;846.61 53,685, 421.69 77,397,712.00 133.067,741.69 143,781,591.91 140,424,045.71 130,694,242.80 129,235,498.00 125,576,565.93 117,357,839.72 104,750,688.44 107,119,815.21 103,093,544.57 100,243,271.23 97,124,511.58 102,500,874.65 105,327,949.00 95,757,575.11 82,508,741.18 71,077,206.79 59,160,131.25 54,678,378.48 51,386,256.47 50,580,145.97 47,741,577.25 44,715,007.47 41,001,484.29 36,099,284.05 37,547,135.37 23,378,116.23 27,264,392.18 $69,185, 662.89 67,432, 136.27 73,610, 827.31 69,070, 976.74 63,130, 698.39 66,-546,644.89 474,761, 818.91 714,740, 725.17 865,322, 641.97 1,295,837, 324.30 620,750, 940.47 346,729, 325.78 370,339, 133.82 321,190, 597.75 293,657, 005.15 283,160, 393.51 ; 270,559,696.91 285,239,326.34 301,238, 800.21 274,623. 392.84 265,101, 084.69 241,334, 474.86 236,964, 326.80 266,947, 883.53 264,847, 637.36 259,651, 638.81 257,981, 439.67 265,408, 137.54 244,126,244.33 260,226, 935.11 242,483, 138.50 267,932, 179.97 259,653, 958.67 281,996, 615.60 297,736, 486.60 355,372; 684.74 345,023, 330.58 383,477,954.49 O H O w > o teJ Ul 1894 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 93,693,884.07 82,263 188.42 77,916,234.62 79,252,061.69 86,016,464.75 110,979.685. 82 ^ 98,542,411.37 117,327,240.89 111,067,171.39 122,165,385.54 130,099,672.06 127,968,471.82 130,221,17-7.07 145,416,530.32 162,532,367.63 167,001,087.10 8,250,000.00 11,016,541.72 9,300,000.00 11,149,206.13 10,504,040.42 8.211,570.08 7,230,778.79 4,954,762.21 2,402,152.52 2,768,919.20 6,502,530.86 15,065,257.00 12,673,294.39 7,629,382.81 12,888,040.94 19,501,062.37 101,943,884.07 93,279,730.14 87,216,234.62 90,401,267.82 96,520,505.17 119,191,255.90 105,773.19016 122,282,003.10 113.469,323.91 124,934,304.74 136,602,202.92 143,033.728.82 142,894,471.46 153,045,913.13 175,420,408.57 186,502,149.47 54,567 929.86 61.804,759.13 50,830,920.89 48,950. 267.89 91,992, 000.29 229,841,254.47 134,774,767.78 144,615.697.20 112,272,216.08 118,619,520.15 115,035.410.58 122,175,074.24 117,946 692.37 122,576,465.49 137,746,523.95 161,067,462.39 31,701 293.79 28,797,795.73 27,147,732.38 34,561,546.29 58,823,984 80 63,942,104.25 55.953,077.72 60,506,978.47 67,803,128.24 82,618,034.18 102,956,101.55 117,550,308.18 110,474,264.40 97,128, 469.36 118,037,097.15 115,546, 011.09 10,293,481.52 9,939,754.21 12,165,528.28 13,016,802.46 10,994,667.70 12,805,711.14 10,175,106.76 10,896,073.35 10,049,584. 86 12,935,168.08 10,438,350. 09 14,236 073.71 12,746,859.08 15,163,608.41 14,579,755.75 15,694,618.11 141,177.284.96 141,395, 228.87 139,434;000.98 141,053, 164. 63 147,452;368.61 139,394 929.07 140,877;316.02 139,323,621.99 138,488,559.73 138,425,646.07 142,559,266.36 141,773,964.57 141,034,561. 77 139,309,514.31 153,892,467.01 161,710,367.25 27,841,406.64 30,978,030.21 35,385,028. 93 37,791,110.48 37,585,056.23 39.896 925.02 40,160,333.27 32^,342, 979.04 29,108; 044.82 28,556 348.82 24,646,489.81 24,590, 944.10 24,308; 576.27 24,481 158.34 21,426,138.21 21, " ^ 836.46 367,525,279.83 356,195,298.29 352,179,446.08 365,774,159.67 443,368, 582.80 605,072,179.85 487,713,791.71 509,967,3-53.15 471,190,857.64 606,089;022.04 532,237,821.31 563,360,093.62 549.405,425.35 551,705, 129.04 621,102,390.64 662,324,444.77 a- ^' H' > o fej W teJi H ^ • ' fej > Ul- d CD- TABLE L . — R E C E I P T S AND DISBURSEMENTS OF T H E UNITED STATES, ETC.—Continued. o DISBURSEMENTS. Public debt. P o s t a l service, e x c l u s i v e of postal deficiency. Year. . 1856 1857 1858 1859 1860 1861 1862 1863 1864 1865 1866 1867 1868 1869 1870 1871 1872 1873 1874 1875 1876 - - 1877 1878 1879 1880 1881 1882.-1883 1884 1885 1886 1887 1888 1889 . . . 1890 1891..-.1892 1893 ... --.- Ordinary disbursements a n d postal service. $6,920,821.66 $76,106,474.55 7,353.951.76 74,786,087.03 81,097,620.17 7,486,792.86 7,968,484.07 77,039,460.81 8,518,067.40 71,648,665.79 8,349,296.40 74,895,941. 29 8,299,820.90 483,061,639.81 11,163.789.59 725,904,514. 76 12,438,253.78 . 877,760,895.75 14,556,158.70 1,310,393,483.00 14,436,986.21 535,187,926.68 15,297,026.87 362,026,352.65 16,292,600.80 386,631,734. 62 18,344,510.72 339,535,108.47 19,772,220.65 313,429,225.80 20,037,045.42 303.197.438.93 21, 915,426.37 292,475,122. 28 22, 996,741. 57 308,236,066. 91 26,471,071.82 327,709,872. 03 26,791,360. 59 301,414,753.43 28,644,197.50 293,745,282.09 27,531,585.26 268,866,060.12 29,277,616. 95 266,241,843.75 30,041,982.86 296,989,866. 39 33,315,479.34 298,163,116.70 36,-785,397. 97 296,437,036.78 41,876,410.15 299,857,849.72 45,508,692.61 310,916,830.15 43, 325, 958.81 287,452,203.14 42; 560, 843.83 302.787.778.94 43,948,422. 95 286,431,561.45 48,837,609. 39 316,769,789.36 52,695,176. 79 312,349,135.46 338,172,226.78 '56,175,611.18 368,618,584. 52 60,882,097. 92 421,304,470.46 65,931,785.72 415,963,806.56 70, 930,475.98 459,374,947.65 75,896,993.16 P a n a m a Canal. National-bank notes retired. ° R e d e m p t i o n of bonds a n d other securities. $3,614,618.66 3,276,606.05 7,505,250.82 14,702,543.15 14,431,350.00 18,142, 900. 00 96,096,922. 09 178,987,635.07 390,260,965.49 603,201,4n. 68 530.205.114.10 576.120.500.11 603,448,586. 68 138,712, 248.31 140,810,642.13 325,495, 631. 21 285,878, 003.54 96,553, 485. 58 176,423,490.77 • 151,150,636.48 166,128,514.80 151,239,525.05 143,997, 993. 90 479,882,226.16 280,434,937.41 86,110, 581.05 166,505,255.55 438,430,756.96 101,266,334.50 46,042,635.43 44,583,843.36 127,959,368.15 74,862,213.05 121,288,788.35 104,663,799. 50 101,003,056.37 $23,553,298. 50 24,348,086.98 16,232,721.00 709,903.00 9,037,651.50 P r e m i u m paid. $385,372.90 363,572.39 574,443.08 1,717,900.11 58,476.51 10,813,349.38 7,001,15L04 1,674,680.05 15,996,555.60 9,016,794.74 6,958,266. 76 5,105,919.99 1,395,073.55 2,795,320.42 1.061,248.78 8,270,842.46 17,292,362.65 20,304,224.06 10,401,220.00 Total public debt. $3,999,991.56 3,640,178.44 8,079,693.90 14,702,543.15 14,431,350.00 18,142,900.00 96,096, 922.09 178,987,635.07 390,260,965.49 604,919, 311. 79 530,263, 590. 61 586,933,849.49 610,449,737.72 140,386,928.36 156,807,197.73 334,512,425.95 292,836,270. 30 101,659,405.57 177,818, 564.32 151,150,636.48 166,128,514.80 151,239,525.05 143,997,993.90 479,882,226.16 283,230,257.83 87,171,829.83 166.505.255.55 438,430,756.96 101,266,334.50 46,042,635. 43 44,'583,843.36 127,959,368.15 83,133,055.51 138,581,151.00 124.968.023.56 134,957,574.87 40,580,807.98 9,747,554.50 Total disbursements, i n c l u d i n g postal service. $80,106,466.11 78,426,265.47 89,177,314.07 91,742,003.96 86,080,015.79 93,038,841.29 579,158,561. 90 904,892,149.83 1,268,021,86L 24 1,915,312,794.79 1,065,4.51,517.29 948,960,202.14 997,081,472.34 479,922,036. 83 470,236,423.53 637.709.864.88 585,311,392.58 409,895,472. 48 • 505,528,436.35 62,565,389.91 459.873.796.89 420,105,585.1.7 410,239,837.65 776,872,092.55 581,393,374.53 383, 608,866.61 466,363,105.27 749,347,587.11 388,718,537.64 348,830,414.37 331,0.1.5,404.81 444,729 157.51 395,482,190.97 476,753,377.78 483 586 608 08 556,262,045.33 456,534,614. 64 469,122,602.15 o o H teJ fej (-1 > o m 1894 1896 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 75,080,479.04 76,983,128.19 82,499,208.40' 82,665,462.73 89,012,618.55 95,021,384.17 102,354,579.29 111,631,193.39 121,848,047.26 134,224,443. 24 143,582,624.34 152,826,585.10 167,932,782.95 183,585,005.57 191,478,663.41 203,562,383.07 605, 758.87 178, 426.48 434, 678; 654.48 448,439, 622.30 532, 381, 201.35 700,093, 564.02 590,068;371.00 621,598, 546. 54 593,038;904. 90 640; 313, 465.28 675, 820,445.65 716, 186, 678.72 717; 338; 208.30 735,290; 134.61 812. 581,054.05 827.84 $9,985.00 50,164,500.00 3,918,819.83 19.379,373.71 27,198,618.71 38,093,929.04 31.419,442.41 10,929 535.76 13,068,369.00 11,223,150.00 11,092,355.50 15,990,460-00 16,649,275.50 17,909,793.00 18,626,437.50 20,085,274.50 26,272,086.00 30,936,971.00 25,857, 368.00 24,724;135-00 26,454,254.50 39,535,156.50 89,562,083.00 256,447.20 494,649.93 294,103.36 378,502.00 942,062.00 622,363.48 790,058.25 112,798.78 223,918.00 608,833.00 622,730.75 605,230.80 244,711.80 373,043.00 356,750. 00 434,687.00 33.147.054.81 14,649,572.95 14,043,391.14 10.907.119.82 1,257,578.01 1,417,479.53 225,095.97 11,186,982.95 15,562,918.93 18,517,253.35 22,470,857.50 45,932,522.00 31,271,638.98 73,846,906.06 69,388,809.23 90,352,583.64 53,788,038.82 50,817,279.76 26,462,598.80 26,386,326.33 56,052 393.47 73,891,906.50 104,996,770.00 453,791,741.82 448,741,345.41 453,195,907.83 470,910,479.80 578,313, 723.35 731,365,203. Ou 663,915,277.06 987,355.77 391,488.54 694, 111, 489.10 776; 802,225.41 746, 568,097.35 763, 103,908.34 818,541,146.79 924, 566,889.59' 1,002,303,040.25 Ul Q NOTE.—The receipts for the years 1904 to 1909, inclusive, are stated on basis of Treasurer's cash; prior years on basis of warrants issued. The disbursements for postal deficiencies are grants by law from the Treasury, and differ from the fiscal year expenditures thereof shown by reports of the Auditor for the Post-Office Department. Issues of certificates and notes not affecting the cash in general fund are excluded from the public debt figures in this statement. teJ > c fej W teJ > Ul d to 122 REPORT OK T H E f l K A N C E g . TABLE M.—STATEMENT OF THE STATES FROM 1860 TO 1909, CAPITA. Year. 186.0... 1861... 1862... 1863... 1864... 1866... 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... 1906... 1907... 1908... 1909... COIN AND P A P E R CIRCULATION OF THE UNITED INCLUSIVE, WITH AMOUNT OP CIRCULATION PER Coin,bullion, Coin, includ- United States and paper Circulation. ing bullion in notes and money in Total money. Treasury. bank notes. Treasury, as assets. $236, 000,000 260, 000,000 26, 000,000 25, 000,000 25, 000,000 25, 000,000 26, 000,000 25, 000,000 25, 000,000 25, 000,000 • 26, 000,000 25, 000,000 25, 000,000 26, 000,000 25, 000,000 25, 000,000 62, 418,734 65, 837,506 102, 047,907 357, 268,178 494, 363,884 647, 868,682 703, 974,839 769, 740,048 801, 068,939 872, 175,823 903, 027,304 1,007, 513,901 1,092, 391,690 1,100, 612,434 1,152, 471,638 1,112, 956,637 1,131, 142,260 1,066, 223,357 1,098, 958,741 1,114, 899,106 1,097, 610,190 1,213, 780,289 1,397, 785,969 1,508, 643,738 1,607, 352,213 1,734, 861,774 1,829. 913,651 1,905, 116,321 1,994 610,024 2,031, 296,042 2,154, 797,216 2,159, 103,301 2,328, 767,087 2.365, 612,264 $207, 102,477 202, 005,767 333, 4-52,079 649, 867,283 680, 688,067 745, 129,755 729, 327,254 703; 200,612 691, 553,578 690, 351,180 697, 868,461 716, 812,174 737, 721.665 749, 445,610 781, 024,781 773, 273,609 738, 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, 813,822 915, 179,376 956, 457,706 1,049, 996,933 1,040,816,090 $442, 102,477 452, 005,767 358, 452,079 674, 867.283 705, 588,067 770, 129,755 754, 327,254 728, 200,612 716, 553,578 715, 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 1,6.58, 672,413 1,685, 123,429 1,677, 794,044 1,752. 219,197 1,738, 808,472 1,805, 078,961 1,819, 359,557 1,799, 975,033 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 3,069, 976,691 3,116, 561,007 3,378, 764.020 3,406, 328,354 $6,695,225 3,600,000 23,754,335 79,473,245 35,946,589 55,426,760 80,839,010 66,208,543 36,449,917 50,898,289 47,655,667 25,923,169 24,412,016 22,563,801 29,941,750 44,171,562 63,073,896 40,738,964 60,658,342 215.009.098 212.168.099 235,364,254 235,107,470 242.188,649 243,323,869 244,864,935 308,707,249 315,873,562 319,270,157 278,310,764 255,872,159 180,353,337 150,872,010 142,107,227 144,270,253 217,391,084 293,540,067 265.787.100 235,714,547 286,022,024 284,649,675 307,760,015 313,876,107 317,018,818 284,-361,275 295,227,211 333,329,963 342,604,552 340,748,532 300,087,697 $435,,407,262 448, 405,767 334; 697,744 595; 394,038 669; 641,478 714, 702,995 673; 488,244 66I; 992,069 680,,103,661 664 452,891 675, 212,794 715, 889,005 738, 309,549 751; 881,809 776, 083,031 754, 101,947 727, 609,388 722, 314,883 729, 132,634 818, 631,793 973, 382,228 1,114, 238,119 1,174; 290,419 1,230, 305,696 1.243, 925,969 1,292, 668,615 1,252, 700,525 1,317, 539,143 1,372, 170,870 1,380, 361,649 1,429, 251,270 1,497, 440.707 1,601, 347,187 1,596, 701,245 1,660, 808.708 1,601, 968,473 1,506,434,966 1,640, 209,519 1,837,859,895 1,904, 071,881 2,055, 150,998 2,175, 307,902 2,249, 390,551 2,367, 692,169 2,519, 142,860 2, 587,882,653 2,736, 646,628 2,772, 956,455 3,038, 015,488 3,106, 240,657 Population. 31,443,321 32,064,000 32;704,000 33,365,000 34,046,000 34,748,000 35,469,000 36,211,000 36,973,000 37,756,000 38,558,371 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 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 63,947,000 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 84,662,000 86,074,000 87,496,000 88,926,000 Circulation per capita. $13.85 13.98 10.23 17.84 19.67 20.57 18.99 18.28 18.39 17.60 17.51 18.10 18.19. 18.04 18.13 17.16 16.12 15.58 15.32 16.75 19.41 21.71 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 25.15 25.58 26.94 27.98 28.43 29.42 30.77 31.08 32.32 32.22 34.72 34.93 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 January 1,1879, and all gold and silver coins, as well as gold and silver bullion in the Treasury, are included in this statement from and after that date. NOTE 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 Government. NOTE 6.—This table represents the circulation of the United States as shown by the revised statements of the Treasury Department for June 30 of each of the years specified. NOTE 7.—The Director of the Mint recently made a revised estimate of the stock of gold coin, and, as a consequence of such revision, the estimated stock of gold in the United States and of gold coin in circulation has been reduced $135,000,000 in the figures for 1907. NOTE 8.—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 prepa.red for distribution. 123 SECRETAEY OF T H E TEEAfiURY. TABLE N.—STATEMENT OF UNITED STATES BONDS AND OTHER OBLIGATIONS RECEIVED AND ISSUED BY THE OFFICE OF THE SECRETARY OF THE TREASURY FROM NOVEMBER 1, 1908, TO OCTOBER 31, 1909. Title of loan. Five-twenties of 1864 (act June 30,1864) Five-twenties of 1865, consols of 1865 (act Mar. 3,1865) Five-twenties of 1865, consols of 1867 (act Mar. 3,1865) Funded loan of 1881, 5 per cent (acts July 14,1870, and Jan. 20,1871) Gold certificates, series of 1888 (act July 12, 1882) Loan of 1904, 5 per cent (act Jan. 14, 1875) — Gold certificates, series 1900(act Mar. 14,1900). Consols of 1930, 2 per cent (act Mar. 14,1900).. Loan of 1908-1918,3 per cent (act June 13,1898). Funded loan of 1907, 4 per cent (acts July 14, 1870, and Jan. 20, 1871)..... Refunding certificates, 4 per cent (act Feb. 26, 1879) Loan of 1925, 4 per cent (act Jan. 14,1875) Panama Canal loan, 2 per cent (acts June 28, 1902, and Dec. 21,1905), series of 1916-1936.... Panama Canal loan, 2 per cent (acts June 28, 1902, and Dec. 21,1905), series of 1918-1938 .. Certificates of indebtedness, 3 per cent (act June 13, 1898) Total. Received for Received for transfer and redemption. exchange. Total transactions. Issued. $50 $50 40,000 63,300 99,870,000 40,000 53,300 221,760,000 130,098,300 33,253,280 4,050 $65,049,150 16,626,640 $121,890,000 65,049,150 16,626,640 991,300 991,300 490 17,522,200 17,522,200 490 35,044,400 17,947,740 17,947,740 35,895,480 28,442,720 58,442,720 86,885,440 297,478,450 559,630,590 1,668,000 13,936,500 147,256,450 114,895,690 15,604,500 TABLE 0.—STATEMENT SHOWING THE 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, 1909. Collection districts. Alabama '. . . Arkansas First California Fourth California... Colorado Connecticut Florida Georgia Hawaii Firstlllinois Fifthlllinois Eighth Illinois Thirteenth Illinois.. Sixth Indiana ' Seventh Indiana Third Iowa Fourth Iowa Kansas 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 Jersey . . . New Mexico A g g r e g a t e receipts.a $156,308.35 89,361.27 6,281,328.61 641,553.99 767,495.81 1,801,401.99 1,074,734.87 279,218.43 79;107.99 7,940,058.25 28,671,699.22 6,345,702.97 484,310.67 10,053,789. 43 15,171,027.38 427,116. 75 540,476.87 342,199. 67 2,896,662. 61 15,767,327.86 3,541,992.83 3,456,039.09 2,468,397.95 5,141,321.06 6,960,142.39 3,631,070.39 • 5,481,499.02 799,815.31 1,878,914.19 8,012,723.95 1,686,368.96 . 675,629.84 2,440,462.29 474,530.00 402,371.60 6,687,065.87 96,753.13 Expenses. $33,847.27 26,770.18 167,903.28 44,093.41 34,767.40 42,614.30 26,074.06 42,486.86 12,876.82 95,612.86 171,985.66 74,722.43 17,921.81 94,901.66 103,433.31 19,846.49 20,098.4S 22,140.08 98,154.51 330,040.99 93,044.66 157,280.64 129,404.65 54,306.70 161,414.74 • 84,928.45 44,832.25 17,984.53 44,069.48 68,908.21 58,049.25 24,623.83 50,424.65 • 20,264.03 .18,414.70 42,159. 70 13,852.60 Average n u m b e r Cost t o of p e r - c o l l e c t sons em$1. ployed. 18 11 40 14 17 22 17 21 . 6 39 21 22 10 23 22 12 16 12 21 31 17 18 23 17 37 30 21 13 25 27 18 13 21 13 8 25 6 $0.217 .300 .027 .069 .045 .024 .024 .152 .163 .012 .006 .012 ..037 .009 .007 .046 .037 .065 .034 .021 .026 .046 .052 .011 .023 .023 .008 .022 .023 .009 .034 .036 .021 .043 .046 .006 .143 124 REPORT ON T H E FINANCES. TABLE 0.—STATEMENT SHOWING THE AGGREGATE RECEIPTS, ETC.—Continued. Collection districts. First New York Second NewYork 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 Ninth Pennsylvania Twelfth Pennsylvania Twenty-third Pennsylvania South Carolina Tennessee Third Texas Fourth Texas Second Virginia Sixth Virginia Washington West Virginia First Wisconsin Second Wisconsin Total. Aggregate receipts, a Expenses. 513.801.72 162,804.52 269,628.91 647,017.80 937.853.89 106,242.53 411,548.37 739,124.67 175,701.29 199.451.90 603,190.78 002.695.73 101,843.03 668,415.44 903,851. 96 924,985.01 961,782.58 095,447.12 101,264.15 385,400.26 626,178.85 179,900.36 811,320.44 832,825.44 072,004.75 417,070 20 915,153.80 000,332.96 59.918.22 86,587.01 65,022.43 55,064.83 40.655.23 47,317.90 56,044.78 74,039.15 15,782.56 164,566.52 43,690.59 30,467.76 45,702.30 22,409.49 113,046.25 74.633.91 38,589.54 180,663.34 29,076.49 110,253.49 22,811.71 19,079.68 53,301.33 76,341.79 37,711.00 41.745.37 68,932.27 27.022.92 246,212,719.22 4, 264,732. 74 Average number of persons employed. Cost to collect $1. .008 .021 .008 .012 .021 .022 .023 .027 .090 .012 .027 .030 .022 .039 .016 .026 .020 .020 .287 .046 .036 .106 .014 .092 .035 .029 .010 .027 1.392 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, clerks, and employees, in the office of the Commissioner of Internal Revenue, amounts expended in detecting and punishing violations of internal-revenue laws, cost of paper for internal-revenue stamps, and certain miscellaneous expenses. Amount of expenses as above stated $4,264,732.74 Expenses not included in above 709,049.63 Total expenses for fiscal year ended June 30,1909 6 4,973,782.37 Cost to collect $1 . 02 6 This amount differs with the amount stated as disbursements by warrants in Table H of this report, for the reason that only the expenses incurred and paid from the appropriations pertaining to fiscal year 1909 are shown herein. TABLE P.—STATEMENT OF CUSTOMS BUSINESS FOR THE FISCAL Y E A R Vessels e n t e r e d Vessels c l e a r e d Districts a n d ports. Foreign. Coastwise. Foreign. ENDED J U N E 30, 1909. V a l u e of e x p o r t s . DocuEntries ments of m e r - i s s u e d Coast- c h a n d i s e . t o veswise. Duties a n d tonnage tax. Aggregate receipts. Foreign. Domestic. Average num- Cost t o Expenses. berof c o l l e c t $1. persons employed. Alaska (Juneau j , Alaska Albany, N. Y A l b e m a r l e ( E l i z a b e t h C i t y ) , N . C. Alexandria. Va Annapolis, Md Apalachicola, Fla Arizona (Nogales). Ariz Aroostook ( H o u l t o n ) , Me Atlanta, Ga Baltimore, Md Bangor, Me B a r n s t a b l e , Mass Bath. Me ; Beaufort, N . C B e a u f o r t , S.C Belfast, M e Boston a n d Charlestown (Boston), Mass Brazos d e Santiago (Brownsville), Tex • Bridgeport, Conn B r i d g e t o n , N. J B r i s t o l a n d W a r r e n , R. I Brunswick, Ga Buffalo C r e e k (Buffalo), N . Y Burlington, Iowa Burlington, N . J C a i r o , 111 Cape Vincent, N . Y Castine. Me Champlain (Plattsburg), N. Y C h a r l e s t o n . S. C Chattanooga, Tenn Cherrystone (Cape Charles City), Va C h i c a g o , 111 Cincinnati, Ohio Columbus, Ohio Corpufl C h r i s t i , T e x 297 403 216 423 1,079 847 "457" 594 2 11 74 1,478 20 2 i" 8 1,416 1,255 586 3 7 74 1,828 1 54 1,167 3,758 1,658 204 15,282 22,678 24 116 64 1,214 54 352 144 60 70 116 79,921 487 1,030 . 2,127 991 13 30,128 404 2.571 120 473 2 361 2,667 1.268 7 1,539 110 514 1,246 8 1,394 51 525 1 1,443 77 1,610 91 32.175 288 65 143 5,911 202 5,856 36,373 3,895 504 2,051 4 69 •565 175 294 220 94 • 67 78 349 354 37 65 411 41 10 25 45 271 427 70 32 386 228 96 17 89,500 262,183 $59,493.84 17,366.20 2,890.09 . 1,224.90 . 956.09 3,805.81 41,(342.25 23,097.15 5,007.35 298,510. 68 25,079.90 3, 748.36 6,662.92 1,550.85 3,375.31 3,039.92 29 12 4 2 2 4 32 :.6 3 206 20 8 6 2 4 6 3.09 956.34 155,984.21 61,211.08 46,298.75 3,789,683.04 411,348.87 601.08 26,432.37 $84,418.05 257,768.82 330. 00 10.00 3.09 1,237.17 157.939.57 64,594.56 46,437.27 3,897,350.51 414,856.68 761. 34 26,896.64 340.14 2,023.15 831.92 2,275.64 27,150,007.19 27,395,345. 44 818,827 75,338.731 866,852.65 722' .032 8,076.32 2.59,927.30 10,328.46 260,660.84 11,208 533 82,362 1,563.95 8,347.89 1,293,896.75 55.56 12.95 726,723 18,726.75 452.85 520,258. 67 101,554.56 9,211.65 20,588.40 501.43 623,568.69 103,024.36 9,342.21 31 8 7 2 5 54 2 2 3 13 6 44 :.2 3 4.081 .045 1,538.31 7,126.02 1,286,824.31 4.32 42,146.64 11,731.63 2,123.35 448.95 5,909.15 70,885.09 455.08 362.75 434.55 16,265.42 4,538. 55 54,940.:-4 14,739.09 1,278.27 9,166,632.47 873,074.49 126,808.86 113.904.65 8 0 00 9,271.198.07 875,516.66 126,987.60 117,392.28 1,426.25 276,375.22 39,320.64 8,679.35 41,986.94 3 194 27 4 $75,093.34 257,500.86 $11,410 $949,691 13,266 2,303 255,980 9,117,116 50 75,365 128,560 77,475,293 913,427 1,007 14,698,712 26,531,081 129,668 105 11,396,407 4,044,237 892,361 3,882,407 17,426 9,047,094 32 1 $0.705 .067 8.758 122.490 309.414 3.076 .262 .358 .108 .077 .060 4.923 .246 ' " 4 . " 057 L336 """.'287 .708 .056 8.191 28.012 ""'."74i 9.061 .105 .143 .137 17.828 .030 .045 .068 .358 TABLE P.—STATEMENT OF CUSTOMS BUSINESS FOR T H E FISCAL Y E A R ENDED J U N E 30, 1909—Continued. C5 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. C o u n c i l Bluffs, I o w a Cuvahoga (Cleveland), Ohio Dayton, Ohio Delaw^are ( W i l m i n g t o n ) , Del D e n v e r , Colo Des M o i n e s , I o w a Detroit, M i c h . . . Dubuque, Iowa Duluth, Minn . . . Dunkirk, N. Y .... E a s t e r n (Crisfield), M d E d g a r t o w n , Mass Erie. P a .Evansville, I n d F a l l R i v e r , Mass Fernandina, Fla . F r e n c h m a n s Bay (Ellsworth), MeG a l e n a , 111 Galveston. T e x Genesee (Rochester), N. Y G e o r g e t o w n , D. C G e o r g e t o w n , S. C G l o u c e s t e r , Mass Grand Rapids, Mich G r e a t E g g H a r b o r ( S o m e r s Point)," Hartford, Conn. H a w a i i -..' Houston, T e x . H u m b o l d t ( E u r e k a ) , Cal Huron (Port Huron), Mich Indianapolis, Ind K a n s a s City, M o K e n n e b u n k , Me K e y West, F l a Knoxville, T e n n . L a Crosse, Wis Lincoln, Nebr 1,561 Coastwise. 5,089 Foreign. DocuEntries ments of m e r - issued Coast- c h a n d i s e . t o veswise. sels. 1,857 4,900 26 19 12 3 2,655 3,183 2,429 3,320 293 1 2,638 55 240 1 2,686 60 33 203 538 202 33 563 22 55 39 589 52 5 18 92 30 498 . 4 394^ 850 9 2 75 441 183 293 193 55 545 849 1 3 64 5 117 248 274 4 124 248 .270 10 1,362 275 1,830 24 1,342 65 1,861 """iis" 2 495 " " i 4 5 ' ........ """'lis" 54 2 478 " * " ' i 6 9 ' 58 3,839 """434" 717 138 '"'"ise" 1,499 281 27,412 ""'"287" 17 114 531 431 24 24 215 18 109 185 102 169 13486 22 43 32 201 13 60 2,485 17 1,868 53 2,616 50 560 427 888 1,146 3,805 120 2 13.019 '907 2,955 3 3,278 . 15 29 224 214 128 25 26 17 146 38' 8 106 26" Duties and tonnage tax. Aggregate receipts. Expenses. Foreign. 241. 50 21,575.66 98.418.53 41,427.68 6,214.80 2,332.48 $9,712.64 1,645,888. 95 136,604.78 12,784.04 231,818.01 , 57,644. 21 2,174,287. 27 21,196. 65 28,216.16 2,568.36 95.00 759.18 ^ 21,686.20 98,461. 00 41,571. 69 6,928.20 2,638.54 431,410.26 444,581.40 162,209.85 20.40 19,965.81 97,304.20 455,883.93 445,914. 35 164,48L70 46. 24 22,104.14 97,331. 69 85,175.52 1,386,756.27 51,171.81 1,699.43 433,231.99 185,537.49 516,128. 05 259.88 507.102.93 6,329. 67 167.90 86,311.23 1,396,379. 91 51,181.81 1,884.50 439,769. 95 186,234.59 621.952.88 259.88 628,299.43 6,356.03 43.61 10,689.00 $9,706.64 1,642,367.64 136,584.88 12,485.16 231,684.66 57,599.04 2,131,968.94 21,11L75 24,999.04 2,532.48 i6,66i.66 Domestic. $59 $8,953,581 224 318 83,781 33,819,713 4,660,097 266,736 4,905,081 1,656 21,489 189,442,846 1,158,681 21,403 7,583 6,122 79,030 20,111 894,228 19,812,570 1,392 , 621,655 Average numCost t o . berof collect persons • $ 1 . employed. $370.00 41,348.96 5,792.54 8.901.82 13,210.00 3.242.89 96,417.65 369.40 15,342.97 1,252.97 3.286.83 2,746.52 6.710.90 6, 581.50 4,348.62 2,000.05 3,863. 58 405.02 93,730.54 24, Q66.75 20,335.38 265.00 19,909.04 7,308.68 2 30 3 9 6 2 73 2 13 2 2 4 4 3 3 3 5 2 66 18 11 2 15 3 $0.038 .025 .042 .696 .057 .056 .044 .017 .544 .488 34.598 3.618 .263 .057 .105 .289 1.464 4,221.95 11,458.71 95,846.69 2,773.65 2,997.22 61,889.27 11,132.00 31,401.35 267.25 45,641.89 660.12 386.35 2,308.44 6 6 65 3 4 55 6 21 2 37 2 2 3 25.146 .133 .069 .064 L590 .141 .060 .060 1.028 .086 .123 8.859 .216 .206 .054 .124 5.731 .901 .075 I-ittle Egg Harbor (Tuckerton), N»J -Los Angeles, Cal Louisville, Ky Machias, M e . . : ^Marblehead, Mass Memphis, Tenn Memphremagog (Newport), V t . . . Miami (Toledo), Ohio Michigan (Grand Haven), Mich.. Milwaukee, Wis Minnesota (St. Paul), M i n n . . . . . . Mobile, Ala Montana and Idaho (Great Falls), Mont Nantucket, Mass Nashville, Tenn Natchez, Miss Newark, N . J New Bedford, Mass Newburyport, Mass New Haven, Conn New London, Conn New Orleans. La Newport, R . I Newport News, Va New York. N . Y . Niagara (Niagara Falls), N. Y Norfolk a n d Portsmouth (Norfolk), Va North a n d South Dakota (Pembina), N.Dak,. Omaha, Nebr Oregon (Astoria), Oreg Oswegatchie (Ogdensburg), N. Y. Oswego, N . Y Paducah, Ky Pamlico (Newbern), N. C Paso del Norte (El Paso), Tex , Passamaquoddy (Eastport), M e . . ' Patchogue, N. Y Pearl River (Gulfport), Miss Pensacola, Fla Peoria, 111 .'. Perth Amboy, N . J Petersburg, Va • Philadelphia, Pa Pittsburg, Pa Plymouth, Mass Port Jefferson, N. Y Portland and Falmouth (Portl a n d ) , Me 35 346 222 111 55 186 652 1,197 7,642 12,905 168 346 225 101 67 188 647 1,239 7,696 12,829 145 2,290 1,369 29 28 437 21,777 821 116 4,018 9,213 704 2,531 195 1,427 139 36 7 1,047 5 104 4,290 825 315 1,018 1,009 2,468 106 1,634 118 270 205 109 102 324 236 1,091 107 360 833 1,070 4 238 344 4,087 1,223,083 ' 32.278.94 11.05 645,476 233,997. 36 26,776.65 49.07 122,2.39.76 3,630.16 78.021 6,998,911.50 32,280.30 12,432 302,894.18 202,655,809.66 11,568,793 2,135,647 384,951.46 7,775,187 595,670,688 13,498,047 143,039 27,800 34,765.50 362.90 5,281.13 583.10 13,471.71 6,627.36 600.00 11,133.81 7,105.60 356,967.74 3,773.67 42,032.15 4,522,322.23 67,035.31 21 1 2 2 7 5 2 8 6 272 4 37 233 65 • .164 52. 769 .058 .248 12.227 .091 1.957 .051 .117 .139 .022 .174 .100 109,285.34 3,724 9,681,612 17,437.67 13 .160 112,265. 90 149,113.30 21,389.88 287,509.83 136,931.52 57,704 8,886,224 1,050 108,437 239.697 3,749,176 2,939,427 . 2,888.23 492,336.68 81,684.57 103,818 23,148 5,175,102 969,861 18,094.73 22,696 31,261. 70 23,236.05 170,198.66 '2,'659,'459" 225,89-5.65 18,693,641.89 ""i78,'9i6' 605,875.74 1,271.48 7,586,036 16,317,060 23 4 12 30 13 2 6 48 22 3 7 12 3 8 6 472 16 2 ? .275 .070 .749 .115 .127 724.50 482', 848.43 79,934.67 30,832.86 10,447. 61 16,012.19 33,022.69 17; 417.94 549.39 8,336.97 67,866. 52 26,350.10 668.60 11,130.25 16,421.75 3,583.41 11,045.60 9,151.89 576,459:75 26,319.86 1,459.99 12.00 55,479.63 36 1,247 5,173 2,774 84 343 1,101 15 122 171 1,294 2,766 51,461 2,382 6 357 L320 5" 31,782.15 11.05 230,942.35 22,473.29 110,733.19 148.815.28 19,843.60 286.875.16 136,669.79 1,595 830 347,688.97 341,113.56 .115 .074 3.338 .367 .086 .151 .099 .688 .037 .053 .342 103,094.28 410 4,988 830 15 8,218 502 319 8,568 4,911 12,850 8,471,302 1,146,176 90,828 196,359 8,360,992 27,356,864 61 1 26 10 6 3 4 42 7 14 26 41 20 ,438.08 42,005.32 18,198.05 4,828.91 2,283. 64 7,908.55 49,747.89 9,121.41 9,572.53 26,653.78 60,173.87 25,851.35 662 1,892 24 350 1,145 897,260 193,045 121,716.99 1,176.76 6,967,534.79 32,163.50 293,192.07 198,638,516.33 375,148.85 769 "'39i' 15 7. 45, 366,387.41 245,698.70 1,446.75 6,221.19 91,610.62 329,295.51 92.192.97 13,910 01 711,291.76 1,131,772.34 75,557.20 837 13 15,813 219 1,240 686,612 31,232 14 1 288 1,022 127 3,297 449 893 1,085 68 301 431 18 143 361,740.68 244,282.24 905.80 5,998.24 90,996.67 326,917.30 91,040.52 13,672.15 708,477.17 1,125.202.18 67,419.73 58 125 9 102 57 425 80 321 4,973 16 16 11 1,061 3 694 3,844 769 27 21 76 109 157 58 185 41 66 41 60 217 280 289 109 62 27 89 6 915 162 14,036.13 27,944.61 23,151.30 165,485.89 224,556.18 18,585,481.11 604,386.97 1,249.38 201,796.86 212,525.42 3,612 7,848 144,903,604 278,178 *84,"i67,'536' 8,247,133 2.887 .138 .-323 .615 .525 .154 .065 .041 .031 .043 L148 .261 TABLE P.—STATEMENT OF CUSTOMS BUSINESS FOR THE FISCAL Y E A R ENDED J U N E 30, 1909—Continued. 00 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. Porto Rico Portsmouth, N. H P r o v i d e n c e , R. I .. . . . Puget Sound (Port Townsend), Wash. Richmond, Va '. R o c k I s l a n d , 111 Sabine (Port Arthur), T e x Saco, Me Sag Harbor N Y 6t. Augustine, 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 M o St. M a r k s ( C e d a r K e y s ) , F l a St. M a r y s , G a Salem a n d 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 Sandusky, Ohio S a n F r a n c i s c o , Cal Savannah Ga ... S i o u x City, I o w a S o u t h e r n O r e g o n (Coos B a y ) , Oreg Springfield, Mass Stonington Conn Superior (Marquette), M i c h . . : . . . Svracuse. N Y Tampa, Fla Tappahannock Va T e c h e fBrashear'^ L a Vermont (Burlington), Vt V i c k s b u r f i Miss Waldoboro, Me .. Wheeling, W Va Willamette (Portian'd), Oreg Coastwise. 323 2 10 344 1 464 2,635 887 131 85 64 31 58 156 877 467 104 119 Foreign. Documents Entries of m e r - i s s u e d Coast- c h a n d i s e . t o vessels. wise 347 331 3 17 """292* 6,360 7 1,655 2,736 2 865 16,183 578 192 1 1 23 5 55 49 68 263 585 7,162 26" 12 1 40 30 108 " " 1 3 7 * 1,481 877 440 438 647 191 30 23 1,440 778 558 9 1 1 31 3 2 1 1 7 1,375 6 6,020 6 1,395 4 6,076 229 276 366 65 100 211 86' 62 8 6 120 50 22 44 7ii 98 • 619 24 100 2,113 710 660 34,114 427 96 69 50 77 836 86 • 157 134 3 201 55 168 4 144 7 5 50 83' 16 96 1,228 13& 121 810 ^5' 13 2,997 133 476 7,640 " " ' 1 2 8 ' 241 74 24 24,368 44 174 62 226 61 2,395 Duties a n d tonnage tax. Aggregate receipts. Expenses. Foreign. $901,903.81 • 164.69 504,520.72 $913,707*. 46 221.65 610,343.03 $48,315 1,379,035.88 180,166.02 135,126 2,665.68 14,781.35 93,785.43 90,462.93 3,928.08 6,528,629.68 80,324.10 7,986.36 1,426,017.19 180,549.43 27.84 16,669.69 15.98 34.44 3,458.77 26,60L77 109,532.21 2,313,163.40 3,808.11 15.25 3,08L05 14,943.05 98,661.58 93,255.76 4,030.03 6,585,494.83 82,509.27 8,030.81 69.81 525,636.82 2,553.96 166,177.31 56,696.71 1,745,566.17 79.81 526,151.34 2,647.62 168,797.87 66,899.92 1,756,057.20 15,416.07 13.48 3,394.64 24,929.94 -109,414.66 2,306,443.66 3,492.92 75.45 556,256.22 820.50 728,837.56 124.33 563,843.20' 50.27 1,083.65 137.87 734,229.86 Domestic. $3,948,698 16,161 26,653,349 19,962 17,578,899 114 1,460,138 2,740 1,369,840 37,806 5,731 562,136 3,530,607 391,895 558,038 31,107,234 50,900,156 8,154 6,425,107 8,136 4,053,541 1,110,430 5,044,746 4,885 9,707,444 Average n u m - Cost t o berof collect persons $1. employed. $76,319.47 3,573.44 27,207.18 63 5 16 $0,082 16.122 .063 183,672.12 8,647. 53 659.45 12,359.05 662.67 625.06 1,765.40 7,032.73 7,130.61 67,310.87 1,906-. 70 693.15 6,187. 32 3,131.00 59,936.90 26,118.30 4,538.44 496,781.54 10,123.46 678.61 137 5 .129 .048 23.687 .741 41.469 18.149 .510 .264 .065 .029 .501 45.452 2.008 .210 .607 .280 1.126 .075 .123 .085 1,464. 48 10,180.80 812.79 46,197.21 7,683. 68 49,178.79 669.79 2,916. 35 83,651.35 .550.17 5,972.30 1,215.66 58,192.00 2 6 2 47 4 34 3 3 68 1 6 2 40 I 2 4 2 4 3 51 3 1 6 2 9 334 7 2 18.350 .019 .307 .268 .135 .028 , 23.457 .148 10.944 5.611 8.817 .079 Wilmington N C Wiscasset, M e Y a q u i n a Oreg . York, Me Total 27 56 66 3 57 62 16 34,253 76,072 33,970 31,932.48 396.77 1 90 58 5 5 4.80 75,723 1,278,675 25,780 300,627,878.13 71 53 55 i" 84 4 7.30 7,618.32 3,165.89 1,034.25 366.31 4 3 2 2 305,701,523. 65 2 4 , 6 5 5 , 5 1 1 1,638,356,593 10,162,526.12 7,570 33,093.43 760.84 20,479,726 338 .227 4.161 50.042 00 I CD o CO Amount of expenses reported by collectors, as above Expense not included in above Total Cost to collect $1 : $10,162,526.12 98,547.21 10,261,073.33 .034 Ul O tn H > Ul cl to CO APPENDIX TO THE REPORT ON THE FINANCES. 131 A,]PFENDIX. REPORTS O F H E A D S O F BUREAUS. REPOET OF THE TREASURER. TREASURY OF THE U N I T E D STATES, Washington, Octoher 21, 1909. S I R : The transactions of the Treasury of the United States for the fiscal year ended June 30, 1909, and its condition on that and subsequent dates, are presented in the annexed tables. ORDINARY R E V E N U E S AND E X P E N D I T U R E S FOR 1908 AND 1909. The federal activities in response to a popular demand during the past two years have increased the expenditures without adequate provision having been made for a corresponding income. For the fiscal year 1909 the ordinary revenues by warrants, and adjustments for moneys received but not covered by warrants in the year, were $603,589,489.84, an increase of $2,528,766.57 over those of 1908, while the ordinary expenditures were $662,324,444.77, a n increase of $41,222,054.13 as compared with 1908; the net result was a deficit of $58,734,954.93. The ordinary revenues and expenditures classified for the past two years are compared in the table following: ORDINARY R E V E N U E S AND E X P E N D I T U R E S FOR FISCAL Y E A R S 1908 AND 1909. . Account. 1908. 1909. Increase. Decrease. REVENUES. Customs Internal revenue Lands Miscellaneous revenue.. Revenues of the District of Columbia $286,113,130. 29 251,711,126.70 9,731,560 23 46,993,968.56 $300,711,933.95 $14,598,803.66 246,212,643. 59 7,700,567.78 42,204,956.95 6,576,332.75 7,357,750 49 781,417.74 Total . Deduct— Moneys covered by warrant in year subsequent to the deposit thereof Increase of unavailable items 601,126,118. 53 604,187,852.76 15,380,221.40 1,254,381.78 1,159,463. 61 5,673. 50 5,673. 50 AddMoneys received in fiscal year but not. covered by warrant.. Decrease of unavailable items 599,871,736.75 603,022,715.65 15,374,547.90 1,159,463. 61 29,522.91 566,774.19 601,060,723.27 603,589,489.84 14,850,228.47 24,679,044.03 5,825,010.-87 3,549,373.18 63,312,866.18 9,159,630 58 25,475, 412.78 139,926, 960.79 118,780,233.29 14,579, 755.75 153,892,467.01 21,426,138.21 13,460, 764. 40 12,184,505.10 14,301,469.85 26,480,542. 87 5,553,252.35 3,722,025.49 68,310,974.21 9,139,215.66 24,889,395.32 163,344,213.02 116,315,524.20 15,694,618.11 161,710,367.25 . 21,803,836.46 16,282,468.23 14,776,54L75 23,417,252.23 621,102,390.64 662,324,444.77 45,113,712.74 "41,222,054.13 20,041,667. 37 58.734,954.93 Net available • $5,498,483.11 2,030,992.45 4,789, Oil. 61 12,318,487.17 94,918.17 12,223,569.00 592,689.42 29,522.91 2,528,766.57 EXPENDITURES. Commerce and Labor. Customs Internalrevenue. . . . Diplomatic Treasury proper Judiciary Interior civil War. Department Navy Department Indians Pensions Interest Agriculture . District of Columbia . . . . . Total Net Deficit 1,801,498.84 172,652. 31 4,998,108.03 1,114,862.36 7,817,900 24 377,698.25 2,821,703.83 2,592,036.65 548,758. 62 271,758.52 20,414.92 586,017.46 2,464,709.09 3,891,658.61 133 134 R E P O R T ONT T H E FINANCESo REVENUES AND E X P E N D I T U R E S , FIRST QUARTERS OF 1909 AND 1910. For the first quarter of the fiscal years 1909 and 1910 the preliminary figures set forth the following comparison: First quarter— Increase. Account. 1909. Decrease. 1910. ORDINARY R E V E N U E S . Customs Internal revenue Miscellaneous $67,002,777.67 60,374,913.44 14,717,35L73 $85,887,449.16 $18,884,67L49 3,783,274.04 64,158,187.48 10,960,880.41 $3,756,471.32 Total 142,095,042.84 161,006,517.05 22,667,945.53 3,756,471.32 43,655,904.87 • 45,783,917.81 27,769,857.83 5,027,372.61 41,668.799.40 4, ooo; OOO 00 5,142,847.77 44,540^420.31 49,744,244.48 32,303,074.82 4,563,563.61 42,805,068.16 7,501,659.23 5,298,40L19 884,515.44 3,960,326.67 4,533,216.99 1,136,268.76 3,501,659.23 155,553.42 173,048,700 29 ' 186,756,431.^80 14,171,540.51 1,333,283.76 4,615,802.92 171,715,416.53 182,140,628.88 29,620,373.69 21,134, 111. 83 ORDINARY E X P E N D I T U R E S . Civil and miscellaneous War Navy Indians Pensions Postal deficiency Tnt.PTfist.. Less repajrment of unexpended balances Total Excess of expenditures over receipts. • T H E PANAMA 463,809.00 463,809.00 CANAL. The purchase and construction of the Panama Canal is to be paid from the proceeds of United States bonds issued and sold specially for the purpose. The proceeds of sales of bonds and the disbursements on account of the canal to the close of the fiscal year 1909 are set forth, by years, in the statement following: RECEIPTS AND DISBURSEMENTS ON ACCOUNT OP THE PANAMA CANAL. Fiscal year. 1904 1905 1906 1907 1908 . ... .... 1909 Total Net RECEIPTS AND Proceeds of United States bonds sold. Excess of— Disbursements for Panama Canal. °' $31,210,817.95 25,367,768.67 , $50,174,485.00 .3,918,819.83 19,379,373.71 27,198,618.71 38,093,929.04 Receipts. Disbursements. $4,012,199.24 $50,174,485.00 3,918,819.83 19,379,373.71 12,726,160.37 56,578,586.62 30,731,008.21 138,765,226.29 31,419,442.41 4,012,199.24 86,198,838.91 688,434.20 87,309,594.83 170,184,668.70 4,012,199.24 86,887,273.11 82,875,073.87 D I S B U R S E M E N T S ON ACCOUNT DEPARTMENT. OF THE POST-OFFICE The receipts and expenditures on account of the Post-Office Department are under the exclusive control of the PostmasterGeneral. A statement of transactions relative thereto at the Treasury offices during the past year will be found on page 172 of this report. 135 TREASURER. The disbursements for purchase and construction of the close of the last fiscal year were $82,875,073.87 in receipts from proceeds of bonds sold. This amount advanced from the general fund of the Treasury is from proceeds of bonds when sold. TRANSACTIONS IN THE PUBLIC the canal to excess of the liaving been reimbursable DEBT. The receipts on account of the public debt during the last fiscal year were $840,865,247.71, and the disbursements $827,391,770. In studying the details of public debt transactions it will be observed that the greater part of the receipts and disbursements relate to the issue and redemption of the United States paper currency. For the fiscal years 1908 and 1909, comparison, by items, is made in the annexed table :v RECEIPTS AND DISBURSEMENTS ON ACCOUNT OP THE PUBLIC D E B T FOR 1908 AND Account. 1908. 1909. Increase. 1909. Decrease. RECEIPTS. Lawful m o n e y deposited t o retire n a t i o n a l - b a n k notes Certificates of i n d e b t e d n e s s Total N o t e s a n d certificates issued: U n i t e d States notes Gold certificates Silver certificates Total P a n a m a Canal loan: ' Proceeds of b o n d s sold— Principal P r e m inm . Total Agerefirate $64,333,136.50 15,436,500.00 $45,624,239.50 $18,708,897.00 15,436,500.00 79,769,636. 50 45,624,239.50 34,145,397. 00 123,610,000.00 132,940,000.00 378,360,000 00 P 294,710,000 00 302,356,000 00 336,860,000 00 $9,330,000 00 804,326,000 00 764,510,000 00 43,834,000 00 24,631,980.00 735,788.67 30,000,000 00 731,008.21 5,368,020 00 25,367,768.67 30,731,008.21 5,368,020 00 4,780,46 909,463,405.17 840,865,247.71 49,202,020 00 117,800,177.46 33,105,570.00 1,250,000 00 1,180.00 39,535,156. 50 1,246,160 00 14,186,500.00 2,027.00 89,562,083. 00 12,936,500 00 847.00 50,026,926.50 73,891,906.50 104,996,770 00 62,964,273.50 123,610,000.00 1,006,000.00 236,821,000 00 303,783,000 00 132,940,000.00 767,000 00 261,892,000 00 326,796,000 00 25,071,000 00 23,013,000 00 83,650,000 00 34,504,000 00 83,650,000 00 4,780 46 DISBURSEMENTS. U n i t e d States b o n d s retired Certificates of indebtedness retired . F r a c t i o n a l c u r r e n c y retired N a t i o n a l - b a n k notes retired Total N o t e s a n d certificates r e d e e m e d : U n i t e d States notes T r e a s u r y notes Gold certificates Silver certificates.. 31,859,410.00 9,330,000 00 31,859,410.00 239,656.66 Total 665,220,000 00 722,395,000 00 57,414,000 00 239,000.00 Aggregate 739,111,906.50 827,391,770 00 120,378,273.50 32,098,410.00 170,351,498.67 13,473,477.71 E x c e s s of receipts The certificates issued are offset by an e^ual amount of the respective coins held in^the trust funds for their redemption; the United States notes issued are offset by an equal amount of worn notes in kind retired; hence, omitting the issues'and redemptions, of notes and certificates and the Panama Canal loan from the foregoing state- 136 REPORT ON T H E EINANCES. ment for 1909 it appears that the actual cash receipts and disbursements on account of the debt proper were: Receipts Disbursements $45, 624, 239. 50 104, 996, 770. 00 Excess of disbursements over receipts 59, 372, 530. 50 The receipts from sale of Panama Canal loan are taken up in the account of receipts and disbursements for the Panama Canal (see p. 134). PUBLIC DEBT, 1908 AND 1909, AND F I R S T QUARTER OF 1910. The total amount of the public debt, including certificates and Treasury notes (trust funds, offset by an equal amount of cash in the Treasury), June 30, 1908, was $2,626,806,271.54, and^at the close of the fiscal year 1909, $2,639,546,241.04, an apparent increase of $12,739,969.50. The items increased were: Panama Canal loan, $30,000,000; gold certificates, $32,818,000; and silver certificates, $10,064,000; while reductions were made in the following accounts: Certificates of indebtedness, $14,186,500; matured loans, $1,246,160; national-banl^ notes (redemption fund), $43,940,343.50; fractional currency, $2,027; and Treasury notes, $767,000. The public debt at the close of the first quarter of 1910 amounted to $2,648,602,845.54, an increase of $9,056,604.50 since June 30, the net result pf the following transactions: Debt bearing no interest decreased $2,772,395.50, while there was an increase of $11,829,000 in the trust funds. Comparison of the public debt is made, by items, for the past two years and a quarter in the table lollowing: PUBLIC D E B T , 1908 AND 1909, AND F I R S T Q U A R T E R OP 1910. Rate. When payable. P.ct. Interest-bearing debt: 2 AfterApr. 1,1930.. Consols of 1930 3 After Aug. 1,1908.. Loanof 1908-1918.... 4 Feb.1,1925 Loan of 1925 2 Aug. 1,1916 Panama Canal loan.. Certificates of indebtedness 3 After Nov. 20,1908. Total i n t e r e s t bearing debt Debt bearing no interest: Matured loans. Old demand notes United States notes. National-bank notes. Fractional currency.. Total On demand do do do do .... Certificates and notes issued on deposits of coin and bullion (trust funds, act March 14, 1900): Gold certificates.. .. Silver certificates Treasury notes of 1890. Outstanding September 30, 1909. Outstanding June 30, 1908. Outstanding June.30, 1909. $646,250,150.00 63,945,460.00 118,489,900.00 54,631,980 00 $646,250,150 00 $646,250,150.00 63,945,460.00 63,945,460 00 118,489,900. 00 118,489,90O 00 84,631,980.00 84,631,980. 00 14,186,500.00 897,503,990.00 913,317,490 00 913,317,490 00 4,130,015.26 53,282.50 346,681,016.00 72,459,284.50 6,862,814.28 2,883,855.26 • 53,282.50 346,681,016.00 28,518,941.00 6,860,787.28 2,761,285.26 53,282. 50 346,681,016.00 25,870,008.50 6,859,894.28 430,186,412. 54 384,997,882.04 382,225, 486.54 • On demand do do 819,783,869.00 474,350,000 00 4,982,000.00 852,601,869.00 864,162,869.00 484,414,000 00 . -484,826,000 00 4,^215,000.00 4,071,000.00 Total 1,299,115,869.00 1,341,230,869.00 1,353,059,869.00 Aggregate 2,626.806,271.54 2,639,546,24L 04 2,648,602,845.54 137 TREASURER. PURCHASE OF CERTIFICATES OF INDEBTEDNESS. The Secretary of the Treasury on September 14, 1908, authorized the purchase of $250,000 of the certificates of indebtedness issued under the act of June 13, 1898, at par and interest to date of purchase. The total disbursement in the transaction was $256,143.83. REDEMPTION OF CERTIFICATES OF INDEBTEDNESS. The Secretary of the Treasury on November 9, 1908, gave notice as follows: Owners of the one-year 3 per cent certificates of indebtedness, which were issued under the act of June 13, 1898, and are lodged with the Treasurer of the United States as a basis for circulating notes of national banks, are hereby notified that the certificates will mature and cease to bear interest November 20, 1908. Any national bank desiring to maintain the circulation secured by these certificates must furnish other United States bonds to be substituted therefor not later than November 20, 1908. Any national bank desiring to retire its circulation may do so by adopting a resolution of its board of directors authorizing the redemption of the certificates and the application of so much of the proceeds thereof as may be necessary to the retirement of the circulation based thereon * ^ * . Owners of the 3 per cent certificates are advised that the one year's interest due November 20, 1908, will be prepaid, without rebate, upon receipt at this department of the necessary resolution providing for the redemption of the certificates. The certificates outstanding were $13,936,500, and the interest thereon to maturity, $418,095. MATURED BONDS NOT PRESENTED FOR REDEMPTION. Attention is again invited to the United States bonds of matured loans outstanding and the neglect of the owners in withholding the same from redemption. The amount of such bonds and the loans may be observed in the statement following: Loan. Funded loan of 1891 Funded loan of 1891 continued at 2 per cent Loan of 1904 Funded loan of 1907 Refunding certificates Matured. Sept. Aug. Feb. July July 2,1891 18,1900 2,1904 2,1907 1,1907 Amount. • $23,750 32,000 18,750 1,760,000 17,630 1,852,130 Total RESERVE AND TRUST FUNDS. The redemptions from the reserve fund during the last fiscal year were, in United States notes, $19,984,536, and in Treasury notes, $31,405, making a total of $20,015,536. The redeemed notes were immediately transferred to the general fund in exchange for gold, and the reserve thereby maintained at the fixed amount. The aggregate amount of the trust funds at the close of the fiscal year 1909 was $1,341,230,869, a net increase of $42,115,000 as compared with.that of twelve months earlier. The gold coin increased $32,818,000, and the standard silver dollars $9,297,000. These funds are held for the redemption of the certificates and notes out- 138 REPORT ON T H E FINANCES. standing, for which they are respectively pledged, and in which the transactions during the year were as follows: Fiscal year 1909. Outstanding J u n e 30, 1909. Outstanding J u n e 30,1908. Issued. Redeemed. Gold certificates Silver certificates T r e a s u r y notes $819,783,869 474,350,000 4,982,000 $294,710,000 336,860,000 $261,892,000 326,796,000 767,000 $852,601,869 484,414,000 4,215,000 Total 1,299,115,869 631,570,000 589,455,000 1,341,230,869 The foregoing statement does not include $150,000 in gold certificates, series of 1900, that had been issued but not reported in time to be taken up in the public-debt statement for June. The revised figures at the close of the fiscal year were: RESERVE FUND. Gold coin and bullion $150,000,000 TRUST FUNDS. [Held for the redemption of the notes and certificates for which they are respectively pledged.] Gold coin Silver dollars Silver dollars of 1,390 $852, 751, 869 484,414, 000 4,215, 000 TotaL Gold certificates outstanding $852,751,869 Silver certificates outstanding 484, 414, 000 Treasury notes outstanding..... 4,215,000 1, 341, 380, 869 GENERAL FUND—CASH Total IN THE • 1, 341, 380, 869 VAULTS. [From revised statements for June 30, 1909.] The total general fund for June 30, 1909, in the form adopted for daily use, is set forth in the following: I n Treasury offices: Gold coin Gold certificates Standard silver dollars Silver certificates United States notes Treasury notes of 1890. National-banknotes $39, 952, 432. 02 37, 746, 420. 00 7, 659, 819. 00 6, 696, 676. 00 6, 652, 749. 00 11, 585. 00 3,736,064.00 $102, 365, 745. 02 Deduct current liabilities: National - bank 5 per c e n t fund $24,540,250.49 Less notes in process of redemption . . . 20, 645, 203. 88 " 3, 895, 046. 61 Outstanding warrants and checks 7, 281,472. 25 Balances to credit of disbursing officers 49, 703, 455. 28 Post-Office Department balances 337,168.71 Miscellaneous items 9,067,940. 96 70, 285, 083. 81 Working balance in Treasury offices $32,080, 661. 21 TREASUREE. 139 I n national bank depositaries: To credit of the Treasurer of the United^ States $60,427,525. 69 To credit of mints and assay offices 396,324.04 To credit of disbursing officers.. 10, 838, 951. 55 $71, 662, SOL 28, I n treasury of the Philippine Islands: To credit of the Treasurer of the United States To credit of United States disbursing officers 957, 628. 34 1, 813, 249. 97 2, 770, 878. 31 74,433, 679. 59 Deduct current liabilities: Outstanding warrants 1, 432, 027.18 Balances to the credit of disbursing officers 12, 652, 201. 52 14, 084, 228. 70 Balance in banks and in treasury of Philippine Islands $60, 349,450. 89 I n Treasury offices: . Silver bullion (at cost) $4, 242, 393. 06 Subsidiary silver coin 27,076,747.52 Fractional currency 79. 48 Minor coin 2, 607,433. 34 Awaiting reimbursement—United States bonds and interest paid 't 18, 662. 60 33,945,316.00 Total balance in general fund June 30,1909 Total balance in general fund June 30,1908 : Net decrease 126,375,428.10 245,171,347. 73 118, 795, 919. 63 The accuracy of the foregoing statement is fully demonstrated by the following recapitulation, which takes into account every receipt ahd disbursement that affects the showing: Available cash balance June 30, 1908 $245,171, 347. 73 Deduct: Excess of ordinary disbursements over receipts for 1909 ( s e e p . 133) $58,734,954.93 Excess of Panama Canal disbursements over receipts for 1909 (see p . 134) 688, 434. 20 Excess of public debt disbursements over receipts for 1909 (see p: 136) 59, 372, 530. 50 — 118,795,919.63 Available cash balance June 30, 1909 126, 375,428.10 AVAILABLE CASH BALANCE. The available balance in the Treasury should> at all times be large enough to enable the Government to continue operations without embarrassment, especially at times when the influences of trade depression causes a reduction of the - ordinary income below the required outgo. The experience of the past two years, in each of which there has been a deficit, should be an admonition to conservative action in authorizing expenditures largely in excess of variable revenues. The balance in the Treasury at the end of each month from January, 1902, is stated in Table No. 31, page 214 of the appendix; and for July 1 in each year since 1900 in the annexed statement. 140 REPORT ON T H E FINANCES. AVAILABLE CASH BALANCE (INCLUDING THE E E S E R V E F U N D ) , FROM THE STATEMENTS, ON THE D A T E S NAMED. REVISED A v a i l a b l e cash balance. Date. Reserve fund. Balance. $150,000,000 $156,827, 605.37 150,000,000 178,406, 798.13 150,000,000 212,187, 361.16 150,000,000 238,686, 114.23 -150,000,000 172,051, 568. 02 150,000,000 145,477, 491.89 150,000,000 180,689, 354.82 150,000,000 272,061, 445.47 150,000,000 245,171, 347.73 150,000,000 126,375, 428.10 J u l y 1, 1900. J u l y l , 1901. J u l y 1, 1902. J u l y l , 1903, J u l y 1, 1904, J u l y 1, 1905 J u l y l , 1906 J u l y l , 1907 J u l y 1, 1908 J u l y l , 1909 Total. $306,827, 605.37 328,406; 798.13 362,187, 361.16 388,686, 114.23 322,051, 568.02 295,477, 491. 89 330,689 354.82 422,061 445.47 395,171, 347. 73 276,375, 428.10 GOLD IN THE TREASURY. The gold held in the Treasury at the close of the fiscal year 1909 amounted to $1,042,704,301.02, an increase of $37,815,618.84 as compared with the holdings of twelve months earlier. By October 16, 1909, the holdings attained a maximum at $1,050,284,472.58, an increase of $7,580,171.56 since July 1, 1909. The total amount of gold in the Treasury on July 1 in each year from 1900, set apart for the respective uses, is here stated: GOLD IN THE T R E A S U R Y . Date. Julyl, 1900.... J u l y l , 1901 J u l y l , 1902 Julyl, 1903.... J u l y l , 1904 J u l y l , 1905 Julyl, 1906.... J u l y l , 1907 J u l y l , 1908 J u l y l , 1909-.-. October 16,1909 Reserve. For certificates in circulation. $150,000,000 150,000,000 150,000,000 150,000,000 150,000,000 150,000,000 150,000,000 150,000,000 150,000,000 150,000,000 150,000,000 $200, 733,019 247, 036,359 306, 399,009 377,258,559 465,655,099 485,210,749 516,561,849 600, 072,299 782,976,619 815,005,449 801, 535,189 General fund (belonging to Treasury). 844,952.68 811,938.42 801,290.97 162,230.43 183,722.60 381,650.04 489,841.30 619,431.14 912,063.18 698,852.02 749,283.58 Total. $423; 577,971.68 494 848,297.42 560, 200,299.97 631, 420,789.43 681; 838,821.60 706, 592,399.04 807! 051,690.30 904; 691,730.14 1,004, 888,682.18 1,042, 704,301.02 1,050, 284,472. 58 BONDS HELD AS SECURITY FOR NATIONAL BANKS. The United States bonds held in trust to secure the circulating notes of national banks amounted to $660,753,070 at the close of the fiscal year 1909, an increase of $32,580,940 as compared with that of 1908. ^ ' The withdrawal of public deposits from depositary banks necessarily released a large amount of the obligations held to secure the public moneys therein. The bonds and securities held to secure public deposits in national banks amounted to $81,244,071.10 at the close of the fiscal year 1909 as against $180,509,419.25 on June 30, 1908. 141 TREASURER. The transactions relative to deposits and withdrawals of bonds during the fiscal year 1909 are recorded in the table following: Bonds held for national banks, close of June, 1908 and 1909, and September 30, 1909, and changes during 1909. TO SECURE CIRCULATION. Transactions during 1909. K i n d of b o n d s . Rate. Held June 30, 1908. Held June 30, 1909. H e l d Sept. 30, 1909. $2,711^300 $4,831,000 10,564,560 • 6,553,180 37,012,200 26,604.000 15,932,800 6,037,960 1,644,040 26,152,760 1,838,000 16,024,500 $12,704,550 13.763,820 563.271,400 46; 440,580 24,508,720 $14,738,550 14,145,320 •572.068,750 49; 761,940 25,671,480 94,211,620. 660,689,070 676,386,040 $3,425,750 5,910,900 21,983,950 12,804,800 743,000 421,000 3,366,000 1.2.36.000 1^287; 000 587,000 56.007,965 $4,394,700 5,288,000 34,552,800 5,667,000 1,649,000 594.000 5,670,000 •1,480,000 719,000 190,000 18,099.071 $3,320,700 3,770,400 25,012,700 3,193.000 1,144:000 374;000 4,276,000 820,000 • 487,000 151,000 10,264,000 30,211,115 107,773,365 78,303,571 52,812,800 250,000 250,000 50,000 10,000 10,000 50,000 2,000 Deposited. U n i t e d States U n i t e d States U n i t e d States U n i t e d States U n i t e d States Certificates of loan of 1925 loan of 1908-1918... consols of 1930 P a n a m a of 1 9 3 6 . . . . P a n a m a of 1938 indebtedness P . ct. 4 3 2 2 2 3 $14,824,250 9,752,440 552,863,200 36,545,740 14,186,500 628,172,130 With- • drawn. 61,694,680 TO SECURE PUBLIC DEPOSITS. Bonds held hy Treasurer of United States. United States loan of 1925 United States loan of 1908-1918.. United States consols of 1930 United States Panama of 1936... United States Panama of 1938... Porto Rico loans Philippine loans District of Columbia Territory of Hawaii Philippine Railway State, city, and railroad P. ct. 4 3 2 2 2 4 4 3.65 (a) 4 (a) $6,979,950 8,218,200 48,947,650 17,035,800 770,000 8,807,000 2,576,000 2,004,000 622,000 59,905,221 155,865,821 $840,500 2,980,700 7,589,100 1,436,000 2,392,000 245,000 229;000 140,000 2,000 155,000 14,201,815 Bonds held hy Assistant Treasurer of United States, at New York, N Y. United States loan of 1925 United States loan of 1908-1918... United States consols of 1930 United States Panama of 1936 United States Panama of 1938 District of Columbia Philippine loans State, city, and railroad 4 3 2 2 2 3.65 4 (a) 9,000 325,000 475,000 88,000 50,000 767,000 78,000 471,600 90,000 45,000 165,000 21,861,998 3,408,514 526,000 403,000 896,600 168,000 40,000 45,000 165,000 22,650,012 23,478,598 4,355,514 24,893,612 2,620,500 1,801,000 2,940,500 2,103,000" Bonds held by Assistant Treasureir of United States, at San Francisco, Cal. 880,000 285,000 United States loan of 1925 United States consols of 1930. 880,000 285,000 1,165,000 1,165,000 Aggregate for deposits.. 180,509,419 34,566,629 133,831,977 a Various. 81,244,071 54,915,800 142 REPORT ON T H E FINANCES. WITHDRAWAL OF BONDS TO SECURE CIRCULATION. The national banks have utilized but little more than one-fourth of their option in depositing lawful money in the Treasury during the last fiscal year for the retirement of national-bank circulation. The act of March 4, 1907, limited such deposits to $9,000,000'per month, and until this limit has been reached it must be admitted there is no restriction on retirements. During the last fiscal year the largest monthly deposit was $15,252,850, of which $13,316,500 was proceeds of called bonds. The total deposits were $30,780,495. The monthly deposits are recorded in Table No. 64, page 246, of this report. NATIONAL BANKS DESIGNATED AS DEPOSITARIES STATES. OF THE UNITED The Secretary of the Treasury determines the number of such depositaries, the amount of public money required in each for the transaction of the public business, fixes the amount of balances they may hold, and requires the banks thus designated to give satisfactory security, by the deppsit of United States bonds and otherwise, for the safe-keeping and prompt payment of the public money deposited with them, and for the faithful performance of their duties as financial agents of the Government. The regular depositaries receive and disburse the public moneys, and are required to pay interest at the rate of 1 per cent per annum on the average monthly amount of public deposits held in excess of the sum needed for the transaction of the public business, while the special depositaries hold only the moneys transferred to them from the Treasury. They pay interest at the same rate on the average monthly amount of public deposits held. \ ^ The number of national-bank depositaries at the close of the fiscal years 1908 and 1909 is shown in the statement following: Depositaries June 30, 1908 Depositaries June 30, 1909 Regular. Special. 425 440 1,011 974 Total. 1,436 1,414 143 TREASURER. CLASSIFICATION OP DEPOSITARIES, BY STATES AND SECTIONS, AMOUNT OP PUBLIC M O N E Y S T H E R E I N , AND AMOUNT OP B O N D S ON D E P O S I T J U N E 30, 1909. Public deposits i n national b a n k s . • Number of depositaries. state, Territory, etc. Maine New Hampshire Vermont Massachusetts Rhode Island . . Connecticut 12 19 11 55 5 17 : . . Total New England States NewYork 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 '. : . Total Southern States Ohio Indiana.: Illinois. Michigan Wisconsin... Minnesota Iowa Missouri . .. Total Middle Western States.. North Dakota . . SouthDakota Nebraska Kansas Montana Wyoming Colorado New Mexico Oklahoma . . . . Total Western States Washington Oregon California Idaho Utah Nevada Arizona Alaska. .. . ." . . . . . Total Pacific S t a t e s . . . Cuba . Hawaii Porto Rico . Total Islands T o t h e credit of t h e Treasurer of the United States a n d U n i t e d States disbursing oflBcers. P e r cent. $379,830.25 500,625.90 239,575.75 2,957,493.53 275,841.88 528,396.10 119 4,881,763.41 98 22 148 2 38 11 5,075,391.19 933,374.08 4,211,966.43 59,788.29 1,717,594.32 3,768,729,30 319 15,766,843.61 43 19 21 10 27 15 17 12 12 51 6 47 18 2,670,871.58 691,161.37 "730,908.56 420,978.08 1,072,448.15 807,374.28 517,553.74 199,968.08 414,562.26 1,771,099.12 141,208.57 3,135,105.91 1,151,738.37 298 13,724,978.07 87 70 62 32 32 29 65 .33 3,478,455.56 2,834,795.63 5,724,675.30 1,546,486.59 1,383,402.12 1,677,346.03 1,480,393.20 2,460,909.57 410 20,586,464.00 8 15 32 43 13 12 19 8 22 368,000.00 750,944.28 1,561,560.03 1,006,564.60 881,.626.63 456,420.65 1,600,524.03 391,185.01 1,205,334.40 172 8,222,159.63 16 16 34 11 .4 3 6 2 2,554,183.94 1,588,277.54 1,991,732.16 360,846.55 431,786.06 110,000.00 258,069.50 196,487.54 92 7,491,383.29 2 1 I 187,255.90 516,112.26 302,461.54 ' A m o u n t of b o n d s pledged to secure p u b lic deposits. $432,000 540,000 333,000 3,521,000 283,000 596,000 6.8 5,705,000 6,391,925 1,084,700 4,797,000 68,000 1,869,300 4,275,000 22.0 18,485,925 2,795,600 838,200 743,500 441,000 1,264,000 858,000 586,000 200,000 592,700 ' 2,106,500 190,000 3,255,200 1,253,600 19.2 15,124,200 3,781,000 3,134,000 6,269,500 1,712,000 1,653,000 1,980,000 1,911,500 2,740,046 28.7 23,181,046 370,000 772,000 1,910,600 1,272,000 1,058,000 464,500 1,878,000 . 435,000 1,197,600 11.6 9,367,500 2,991,000 1,765,000 2,118,000 371,000 446,000 110,000 260,000 200,000 10.4 8,261,000 300,000 529,400 300,000 4 989,209.27 1.4 1,129,400 1,414 71,662,801.28 lOO.O 81,244,071 144 REPORT ON T H E FINANCES. PUBLIC DEPOSITS IN NATIONAL BANKS. The transactions relative to public deposits in national banks from July 1, 1908, to October 31, 1908, may be seen in the annual report of the Treasurer of the United States for the fiscal year 1908. The balance in banks to the credit of the general fund on October 31, 1908, was $120,279,145.98. Owing to the large disbursements made from the Treasury, not equaled by the income, the Secretary of the Treasury on November 18 issued a call to 839 special depositary banks throughout the country for the return to the Treasury, by each, on or before November 30, of $5,000 of the public moneys deposited therein. The depositaries responded promptly to the call, and voluntarily added thereto $669,750, making a totalof $4,864,750 returned. The balance in banks to the credit of the general fund was reduced to $113,578,810.64 by December 3, and decreased slowly thereafter till the close of December, when it became $110,148,907.30. Early in January it became apparent, from the large disbursements being made, that it would be necessary to recall to the Treasury additional deposits from banks, ^and accordingly the Secretary of the Treasury, on January 11, issued a call to the depositary banks throughout the country for the return to the Treasury of a part of the public moneys deposited with them, payable as follows: ,Payable on or before January 23, 1909 Payable bn or before February 10, 1909. $17, 717, 700 6,804,060 , A large number of the depositaries anticipated the payment of the amounts required, and the balance therein to the credit of the general fund gradually decreased to $88,523,857.04 by January 31. The disbursements continued in excess of the receipts, and the Secretary of the Treasury, on February 4, issued a call to the depositary banks throughout the country for the return to the Treasury of $28,478,000 of the public moneys deposited with them, payable on or before February 24. With few exceptions, the banks promptly returned the amounts required, which reduced the balance therein to $83,420,449.78 by February 13 and to $59,696,892.90 by the close of i'ebruary. The balances in banks to the credit of the general fund were but slightly changed during the months of March and April. On April 22, 1909, the Secretary of the Treasury deemed it advisable to temporarily increase the public deposits in depositary banks located in the District of Columbia by $3,000,000, as an offset to the large amount of taxes collected in the District of Columbia and deposited in the Treasury during the month of May, accepting as security therefor bonds acceptable as legal investment under the savings banks laws of the States of New York, New Jersey, Massachusetts, or Connecticut, at 90 per cent of their market value, but not exceeding 90 per cent of their par value, the deposits to bear interest at the rate of 1 per cent per annum under the act of May 30, 1908. The depositaries agreed to the terms, and accordingly the amount was equitably allotted and transferred to the banks early in May. Of the amount so placed, the depositaries were required to return to the Treasury 20 per cent on or before July 15, 20 per cent on or before August 15, and 10 per cent on or before the 15th of each following month, making the final deposit on or before February 15, 1910. The department TREASURER. "145 reserved the right, however, to demand an earlier return of the money thus deposited if for any reason it should be deemed advisable. The balance in banks to the credit of the general fund at the close of May was $61,388,906.98. ^ The assistant treasurer of the United States at Boston in May advised the department that there was doubt as to the safety of the vault in his office, in which was stored more than $3,000,000 in silver dollars, and asked that action be taken to remove the danger to the building. The Supervising Architect of the Treasury, upon investigation, confirmed the views of the assistant treasurer, and recommended a transfer of a part of the coin to other places of storage. Thereupon, the Secretary of the Treasury, as a measure of immediate relief to the situation, deemed it advisable to increase the public deposits in national banks in the city of Boston by $1,500,000 in standard silver dollars, accepting as security therefor bonds that are legal investments for savings banks in the States of New York, Massachusetts, Connecticut, or New Jersey at 90 per cent of their market value, but not exceeding 90 per cent of their pay value; and the deposits to bear interest at the rate of 1 per cent per annum, and to be returned in kind after due notice. Two of the depositary banks in Boston agreed to receive the deposit, one to take $1,000,000 and the other $500,000 upon the foregoing terms; and the transfer to the banks was made on June 1 and 8, respectively. At the close of the fiscal year June 30, 1909, the balance in banks to the credit of the general fund was $60,427,525.69. Tho Secretary of the Treasury, on June 30, 1909, issued a call on the depositary banks for the return to the Treasury of $24,954,900. The regular depositaries were required to pay the amount demanded of them in equal parts on July 15 and 31, and the special depositaries the whole of the amount demanded of them on or before July 15. The balance in banks to the credit of the general fund at the end of July was $43,555,422.59, and this amount was further reduced by payments into the Treasury during the month of August, and by the close of that month it became $38,065,058.79. - There was but little change therein to the close of the month of October. UNAVAILABLE FUNDS. The unavailable funds in the accounts of the Treasurer have not as yet been made the subject for legislation by Congress. Attention is again invited to this matter, and in relation thereto the statement of the case as submitted in the aimual report of the Treasurer of the United States for the fiscal year 1908 is repeated here: Attention is again invited to tbe necessity for legislation tbat will clear tbe accounts kept in tbis office of unavailable funds and relieve tbe Treasurer of tbe United States from furtber accountability for amounts wbicb bave passed from bis control witbout fault or negligence on bis part. Tbis subject bas been called to tbe attention of Congress by many of my predecessors and bas received some consideration by committees in tbe Senate and House of Representatives, but tbe desired legislation bas not been enacted. In tbe Forty-fourtb Congress, first session,-tbe Committee on Finance in tbe Senate submitted a report (No. 371) in wbicb, on page 3, reference is made to tbis question of unavailable moneys as follows: *'All money in tbe Treasury, wberever it may be deposited or placed for disbursement or custody, is cbarged to tbe Treasurer of tbe United States. It is obvious, bow13518—FI 1909 10 REPORT ON T H E FINANCES. 146 ever, tbat tbis money may be lost witbout fault on tbe part of tbe Treasurer, by robbery, accident, defalcation of a subordinate officer, misconduct of depositaries baving it in cbarge, or otberwise. Still, under tbe law, tbe Treasurer is responsible and is cbarged with tbese sums. Sucb a deficit would, in tbe accounts of a firm, be a simple plain entry in tbe profit and loss account by crediting casb and debiting tbe defaulter. But from tbe fact before stated tbat money can not be taken from the Treasury except by an appropriation, this course could not be pursued. An account called " unavailables" was created, which was charged with the amounts, and the Treasurer credited in his general account through the statement of an account by tbe accounting officers. This method of relieving the Treasurer is, your committee are informed, a practice which has grown up, and is not authorized by law, and for some years past has been prohibited by the Comptroller, and has been discontinued. It is plain that the Treasurer should be relieved from this responsibility, and that Congress should in some proper way provide by law for the dropping of these unavailable funds, by authorizing a credit to the Treasurer and a corresponding charge against the defaulting officer who fails to pay the money on demand.'' It is desirable that you should recommend such measures as will provide for the dropping of these unavailable funds by authorizing a credit to the Treasurer and a corresponding charge against the defaulting officer who fails to pay the money on demand.^ There is precedent for such legislation in the act of March 3, 1837. (5 Stat. L., 178.) An itemized statement of the unavailable funds will be found in Table No. 22 on page 188 of this report. GENERAL STOCK OF MONEY IN THE UNITED STATES. To the general stock of money i n the country a net addition of $27,564,334 was made during the last fiscal year. The gold increased $23,908,507, the silver $12,836,670, while the treasury notes of 1890 decreased $767,000 and the natio.nal-bank notes $8,413,843. United States notes remained under the law unchanged. In the first quarter of the fiscal year 1910 the metallic stock was increased by $5,536,802, of which $4,791,502 was in gold and $745,300 in silver. There was an increase of $12,887,385 in national-bank notes and a decrease of $144,000 in treasury notes of 1890. Comparison may be made from the annexed tables: MONETARY STOCK. [This statement represents the monetary stock of the United States, as shown by the revised statements for June 30, 1908 and 1909.] In Treasury and mints. Kind. In circulation. Total stock. June SO, 1908. Gold coin and bullion Silver dollars Subsidiary silver Sl,004,888,682 486,949,155 23,177,618 Total metallic United States notes Treasury notes of 1890 National-bank notes Total notes Aggregate metallic and notes Qold certificates Silver certificates Total certificates Aggregate $613,244,810 76,328,657 124,178,165 $1,618,133,492 563,277,812 147,355,783 1,515,015,456 813,761,632 • 2,328,767,087 7,284,694 18,470 60,685,237 339,396,322 4,963,530 631,648,680 346,681,016 4,982,000 698,333,917 73,988,401 976,008,532 1,049,996,933 1,589,003,856 1,789,760,164 3,378,764,020 39,947,250 9,071,295 782,976,619 465,278,705 49,018,545 , 1,248,265,324 3,038,015,488 3,378,764,020. 147 TREASURER. MONETARY STOCK—Continued. In Treasury and mints. Kind. In circulation. Total stock. June 30,1909. Gold coin and bullion Silver dollars Subsidiary silver • Total metallic United States notes Treasury notes of 1890 National-bank notes Tofal notes Aggregate metallic and notes Gold certificates Silver certificates Total certificates $1,042,704,301 492,073,819 27,076,748 $599,337,698 71,987,900 132,331,798 $1,642,041,999 564,061,719 159,408,546 1,561,854,868 803,657,396 2,365,512,264 6,562,749 11,585 24,381,268 340,118,267 4,203,415 665,638,806 346,681,016 4,215,000 689,920,074 30,955,602 1,009,860,488 1,040,816,090 1,592,810,470 1,813,517,884 3,406,328,354 37,746,420 6,696,676 815,005,449 477,717,324 44,443,096 • Aggregate 1,292;722,773 3,106,240,657 3,406,328,354 598,443,000 73,578,729 138,448,872 1,646,833,501 564,188,812 . 160,026,753 1,560,578,465 810,470,601 2,371,049,066 4,278,924 7,165 23,641,951 342,402,092 4,063,835 679,165,508 346,681,016 4,071,000 702,807,459 October 1,1909. Gold coin and bullion Silver dollars Subsidiary silver . c. . . Total metallic United States notes Treasury- notes of 1890 National-bank notes : 1,048,390,501 490,610,083 21,577,881 27,928,040 1,025,631,435 1,053,559,475 1,588,506,505 1,836,102,036 3,424,608,541 Gold certificates . Silver certificates 58,645,710 5,135,169 805,517,159 479,690,831 . 63,780,879 Total notes Aggregate metallic and notes Total certificates Aergregate 1,285,207,990 3,424,608,541 3,121,310,026 R A T I O O F GOLD T O T H E T O T A L S T O C K O F MONEY. The volume of gold in the general stock of money in the country and its ratio thereto on July 1 in each year since 1900 is given in the annexed table: R A T I O O P G O L D T O T O T A L S T O C K O F M O N E Y F R O M J U L Y 1, 1900. [From the revised statements of the Treasury Department.] Date. July 1,1900. July 1,1901. July 1,1902. July 1,1903. July 1,1904. July 1,1905. July 1,1906. J u l y l , 1907. July 1,1908. July 1,1909. Total stock of money. Gold. $2,339,700,673 2,483,147,292 2,563,266,658 2,684,710,987 2,803,504,135 2,883,109,864 3,069,976,591 3,115,728,887 3,378,764,020 3,406,328,364 $1,034, 384,444 1,124! 639,062 1,192;594,689 1,248. 681,528 1,327;656,398 1,357, 655,988 1,475,706,765 1,466,389,101 1,618! 133,492 1,642! 041,999 Per cent. 44.21 45.29 46.52 46.61 47.35 47.09 48.07 47.06 47.89 48.20 148 REPORT ON T H E FINANCES. MONEY IN CIRCULATION. The net addition to the money in circulation during the fiscal year 1909 was $68,225,169. The gold coin and certificates increased $18,121,718, national-bank notes, $33,890,126, silver in its three forms of silver certificates, silver dollars and subsidiary coin, $16,251,495, while there was a decrease of $38,170 in United States notes and Treasury notes of 1890. The circulation per capita increased from $34.72 July 1, 1908, to $34.93 July 1, 1909. The percentage of gold coin and certificates to total circulation was $45.53. Comparison by kinds of money in circulation for the years since 1900 are presented in the table following: M O N E Y IN CIRCULATION AT THE E N D OF EACH FISCAL Y E A R FROM . Money incirculation. United Gold coin NationalStates notes and gold cer- and Treasury bank notes. tificates. notes. Silver certificates, standard dollars, and subsidiary silver. $554,875,027 $390,384,139 $225,544,351 222,990,988 693,762,052 408,440,459 237,805,439 421,188,606 712,393,969 300,115,112 392,980,487 811,539, 491 345,110,801 377,569,944 876,827,124 345,476,516 364,094, 498 938,793,298 399,996,709 353,325,215 994,519,298 433,027,836 346, 661,482 1, 111, 472,675 480,028,849 341,692,715 1,136,274,338 548,001,238 343,277,540 1,185,216,924 1,161,769, 670 348,245,590 '589,242,125 344,359,852 631,648,680 .1,396,221,429 665,538,806 1,414,343,147 344,321,682 $469,406,002 512,066,396' 532,683,867 550,515,908 575,800,093 601,026,239 619,850,947 627,980,867 629,886,751 660,150,926 673,699,070 665,785,527 682,037,022 Fiscal year. 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 Total. 1897. Percentage of Circu- gold coin lation and certificates per capita. to total circulation. $1,640,209,619 $22.87 1,837,859,895 25.15 1,904,071,881 25.58 26.94 2,055,150,998 27.98 2,175,307,962 2,249,390,551 28.43 29.42 2,367,692,169 30.77 2,519,142,860 2,587,882,653 31.08 32.32 2,736,646,628 2,772,956,455 32.22 3,038,015,488- 34.72 34.93 3,106,240,657 .33.82 37.74 37.41 39.48 40.30 41.73 42.00 44.12 43.90 43.30 41.90 45.95 45.53 NOTE.—Currency certificates, act of June 8,1872, are included in the amount of United States notes and Treasury notes during theyears when they were in use. • It will be observed that the total advance in the circulation since July 1, 1902, was $856,850,106, or an annual average of $122,407,158. CIRCULATION AND POPULATION. The increase in circulation during the fiscal year 1909 was 0.6 per cent, while that in population was 1.6 per cent. The annexed statement presents for ten years the money in circulation, the population, the circulation per capita, the per cent of increase of population, and the per cent of increase of circulation per capita per year: INCREASE IN POPULATION AND IN CIRCULATION P E R CAPITA. Money in circulation. Fiscalyear.. 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 .' •:. • \..... . 2,055,150,998 2,175,307,962 2,249,390,551 2,367,692,169 2,519,142,860 2,587,882,653 2,736,646,628 2,772,956,455 3,038,016,488 3,106,240,657 Population. 76,295,220 77,754,000 79,117,000 80,487,000 81,867,000 83,260,000 84,662,000 86,074,000 87,496,000 88,926,000 cent of Per cent of Per increase Circulation ofincrease of circulapopulation per per capita. tion per capita per year. year. 26.94 27.98 28.43 29.42 30.77 31.08 32.32 32.22 34.72 34.93 2.6 L9 L7 L7 1.7 L7 L7 L7 L6 1.6 6.3 3.8 1.5 3.5 4.6 LO 3.9 O0.3 7.8 0.6 TREASURER. 149 CONDITION OF THE UNITED STATES PAPER CURRENCY. The total amount of paper money in the country at the close of the fiscal year 1909 was $2,377,981,959, of which the Government issued directly $1,688,061,885, or 71 per cent, and the national banks $689,920,074, or 29 per cent. There are two provisions of existing law which operate to keep the national-bank notes in good condition, first, that which excludes said notes from the national bank reserves accelerates the movement of the notes from the banks where they accumulate to the Treasury for redemption in lawful money of the United States; second, that which requires the national banks to bear the expense of transporting their circulating notes to the Treasury for redemption. The first provision ractically forces the notes to the Treasury for redemption, the other ghtens the burden to the owners of the notes by taxing the banks of issue with the expense of transportation to the Treasury. The transportation charges on the return of the proceeds are borne by the owners of the notes. The paper issues of the Govemment are not favored by legislation that encourages the return of the worn and unfit notes to the Treasury for redemption; however, in subtreasury cities such notes majr be exchanged for other currency, but there is no certainty of securing any desired denominations in return therefor. The demand for small denominations of currency causes the return to the Treasury of large amounts of paper issues to.be exchanged for small denominations, and in such cases the owners of the government paper have to pay the transportation charges both ways. It is in the payment of these charges under contract rates which gives rise to a burden that does not bear equally upon the banks and other business interests in the different sections of the country, as for instance, the contract rates from Chicago, St. Louis, and Boston to Washington are 20 cents per $1,000, while such rates from New Orleans, Atlanta, and Richmond to Washington are 60 cents per $1,000. From the foregoing it is apparent that there is a necessity for legislation that will equahze the expense of redemption between the different sections of the country, and that will require or encourage the return of all worn currency to the Treasury when received by bankers, national banks, and postmasters. E UNITED STATES NOTES. The United States notes issued and redeemed during the last fiscal year were $132,940,000. There was a noticeable decrease in the $10 notes outstanding, which, however, was offset by an increase in notes of the denominations of $5, $500, and $1,000. The changes were necessary in order to supply^ the demand for smaU denominations, and to provide large denominations to be used by the subtreasury in the settlement of clearing-house balances at New York. 150 REPORT ON T H E FINANCES. The amounts issued and redeemed, by denominations, during the fiscal year 1909 are recorded in the annexed table: Outstanding June 30, 1908. Denomination. 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 Total Unknown, destroyed^. Net . . . . . Fiscal year 1909. Issued. Redeemed. Outstanding June 30, 1909. 1,060,000 2,300,000 20,300,000 $11,396 12,414 37,871,840 84,440,590 4,657,100 365,200 1,450,400 544,000 3,587,000 $1,849,947 1,395,611 87,964,625 173,317; 346 16,833,862 2,610,575 6,925,050 7,360,000 49,414,000 347,681,016 1,000,000 132,940,000 132,940,000 347.681,016 1,000,000 346,681,016 132,940,000 132,940,000 346,681,016 $1,861,343 1,408,025 75,316,465 203,317,936 17,171,022 2,975,775 7,315,450 5,604,000 32,701,000 $50,620,000 54,440,000 4,320,000 10,000 10,000 TREASURY NOTES OF 1890. The Treasury notes of 1890, under provisions of law, are disappearing. The total amount issued was $155,931,002, and the amount outstanding at the close of the last fiscal year had been reduced to $4,215,000, against which standard silver dollars in equal amount were held in the trust funds for their redemption when presented. The amount outstanding by denominations is stated in Table No. 33, page 217, of this report. GOLD CERTIFICATES. The gold certificates are the representatives of gold coin deposited in the Treasury under provisions of law. The increase in the amount outstanding during the last fiscal year was $32,818,000. There has been a rapid growth in the volume of these certificates since 1900, but it threatens no peril to the stability of the currency. The transactions in gold certificates during the fiscal year 1909 are set forth, by denominations, in the subjoined table: Denomination. Outstanding June 30, 1908. Fiscal year 1909. Issued. Redeemed. Outstanding June 30, 1909. Ten dollars Twenty dollars Fiftydollars...: One hundred dollars.. Five hundred dollars. One thousand dollars. Five thousand dollars Ten thousand dollars. $98,177,160 257,238,104 50,667,755 72,814,850 19,524,500 65,451,500 82,150,000 173,760,000 $39,480,000 45,360,000 6,600,000 14,000,000 1,850,000 15,500,000 23,000,000 148,920,000 $31,261,540 69,893,560 12,396,800 16,806,600 3,690,500 11,758,000 6,505,000 109,580,000 $106,395,620 232,704,544 44,870,955 70,008,250 17,684,000 69,193,500 98,645,000 213,100,000 Total.. -: 819,783,869 29.4, 710,000 261,892,000 852,601,869 151 TREASURER. SILVER CERTIFICATES. The demand for denominations of currency under $10 is met principally by the issue of silver certificates against silver dollars in the general fund of the Treasury, or by turning larger denominations of silyer certificates, as they are redeemed into $1, $2, and $5. The total amount of silver certificates outstanding at the close of the fiscal year 1909 was $484,414,000, an increase of $10,064,000 as compared with that of twelve months earlier. In the following statement may be observed the transactions, by denominations, during the last fiscal year: Fiscal year 1909. Outstanding June 30,1908. Denomination. Outstanding I June 30,1909. Issued. OnedoUar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars. Five hundred dollars. One thousand dollars Redeemed. $112,805,795 $127,768,000 $116,432,634 $124,141,161 56,043,742 49,832,000 49,595,506 56,280,236 263,629,282 124,980,000 142,599,070 246,010,212 18,195, 111 25,680,000 10,053,290 33,821,821 14,773,290 3,863,900 10,909,390 8,041,860 8,600,000 4,140,300 12,501,560 787,420 100,800 686,620 30,500 2,500 28,000 43,000 8,000 35,000 Total 474,350,000 CHANGES IN 336,860,000 326,796,000 484,414,000 DENOMINATIONS. The total amount of United States paper currency of each denomination issued, redeemed, and outstanding at the close of the fiscal year 1909 is shown in the table following: Fiscal year 1909. Denomination. Outstanding Jime 30,1908. Issued. Redeemed. Outstanding June 30,1909. 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. $115,101,518 57,749,912 340,090,142 321,448,267 290,077,586 61,707,940 81,187,020 25,159,000 98,355,500 82,150,000 173,770,000 $127,768,000 49,832,000 175,500,000 119,600,000 49,680,000 15,200,000 15,060,000 4,150,000 35,800,000 23,000,000 148,920,000 $116,467,587 49,628,478 180,654,915 126,0'^5,640 78,582,080 16,904,600 18,389,700 4,237,000 15,370,000 6,505,000 109,580,000 $126,401,931 57,953,434 334,935,227 314,972,627 261,175,506 60,003,340 77,857,320 25,072,000 118,785,500 98,645,000 213,110,000 Total Unknown, destroyed. Net 1,646,796,885 1,000,000 764,510,000 722,395,000 1,688,911,885 1,000,000 1,645,796,885 764,510,000 722,395,000 1,687,911,885 152 REPORT ON THE FINANCES. P A P E R CURRENCY, BY DENOMINATIONS, OUTSTANDING SEPTEMBER 30, 1909. The denominations of each kind of paper currency outstanding may be studied from the monthly statement for September, 1909: Denomination. National Gold certifi- Silver cerUnited States Treasury notes of bank notes. tificates.^ cates. notes. 1890. Total. One dollar Two dollars Five dollars Ten doilars Twenty dollars Fiftydollars One hundred dollars... Five hundred dollars... One thousand dollars... l i v e thousand dollars. • Ten thousand dollars Fractional parts $131,508,090 $134,106,637 $1,847,835 $407,099 $343,613 55,155,732 56,987,228 1,393,388 164,322 273,786 245>942,687 485,345,277 929,975 139,789,175 98,683,440 618,014,767 165,348,766 1,376,580 303,123,580 $117,835,620 30,330,221 691,710 204,730,980 231,211,044 9,949,190 462,543,986 15,961,062 19,750 16,730,100 44,675,555 11,211,460 75,167,440 2,530,575 232,100 37,765,900 70,838,150 116,077,720 6,574,950 666,620 24,453,000 7,182,000 28,000 91,000 17,152,000 34,000 . 117,306,500 140,000 48,149,000 23,000 68,960,500 97,820,000 97,820,000 215,680,000 215,670,000 10,000 45,789 45,789 Total Unknown, destroyed... 347,681,016 4,071,000 1,000,000 702,807,459 864,162,869 484,826,000 346,681,016 702,807,459 864,162,869 484,826,000 2,402,548,344 Net 4,071,000 2,403,548,344 1,000,000 RATIO OF SMALL DENOMINATIONS TO ALL PAPER CURRENCY. The ratio of denominations of $10 and less to the total paper currency, by fiscal years since 1900, and on October 1, 1909, is recorded here: Denominations of $10 and less. Date. 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.... J u l y l , 1905... July 1,1906.... J u l y l , 1907..-. J u l y l , 1908.... J u l y l , 1909.... October 1,1909 Total paper currency. $1,380,832,739 1,473,177,892 1,534,962,196 1,654,420,535 1,775,000,680 1,835 868,791 1,953,712,245 2,111,659,575 2,345,130,802 2,375 261,959 2,403,548,344 One dollar. 4.36 4.34 4.63 4.97 4.71 5.06 5.31 5.24 4.92 5.33 5.57 Two dollars. Five dollars. Ten dollars. 2.74 2.74 2.77 2.83 2.66 •2.73 2.51 2.69 2.46 2.44 2.37 21.20 20.72 2L34 21.10 20.26 19.83 19.67 19.48 20.79 19.84 20.19 26.72 27.11 27.44 27.87 26.94 27.43 27.43 25.84 26.00 25.77 25.71 Total. 55. 02 54.91 56.18 56.77 54.58 55.06 54.93 53. 26 54.19 53: 40 53.85 I t appears from the foregoing that the outstanding volume of the smaller denominations is about equal to the demand at the present time. COST OF PAPER CURRENCY. The cost attending the production, issue, and redemption of United States paper currency may be studied in the last reckoning made, as shown in the statement following: Cost of each 1,000 sheets of paper delivered to the Bureau pf Engraving and Printing .....: Cost of engraving and printing each 1,000 sheets (4,000 notes) of perfect work, delivered to the Treasurer of the United States Cost of sealing, separating, bundling, and issuing each 1,000 sheets (4,000 notes) Total average expense of 4,000 notes issued Total average expeiise of 4,000 notes redeemed Aggregate average expense of issue and redemption Average expense of issue and redemption of each note '. $5. 95 42. 09 6.00 54. 04 8.80 62. 84 0. 01571 15S TREASURER. TOTAL E X P E N S E S OF I S S U E AND REDEMPTION. 1908. . Issued Redeemed, •Total Cost per 1,000 pieces. Number of pieces. Fiscal year. 189,999,912 172,178,677 $13.51 2.20 Total cost. $2,553,390.00 378,792.87 2,932,182.87 ..:...-. 1909. Issued.'. Redeemed 202,746,192 194,507,569 13.61 2.20 2,739,098.16 427,916.72 3,167,014.88 Total U N I T E D STATES P A P E R CURRENCY OUTSTANDING AND COST OF MAINTENANCE. / - •' Cost of maintenance. Fiscal year. . Amount outstandtQg. Amount. $1,645,796,885 1,687,911,885 1908 1909 $2,932,182.87 3,167,014.88 Per cent. 0.178 .187 AVERAGE LIFE OF PAPER CURRENCY. Inquiries often reach the department relating to. the average life of the paper currency. From the latest data available, the average lifetime of each note, by kinds, may be studied in the statement here: AVERAGE L I F E OP EACH N O T E AND CERTIFICATE IN Y E A R S . United States notes. Denominations. 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 dbllars Ten thousand dollars.. All denominations ... cerTreasury Gold certifinotes. cates. 3.073 3.195 3.974 3.691 6.948 6.092 6.078 3.721 3.918 . .326 .160 1.720 1.852 2.942 3.677 3.937 3.670 3.690 3.600 2.176 1.905 0.911 3.048 3.390 3.364 3.137 2.782 1.685 1.495 2.560 Silver certificates. Nationalbank notes. L214 1.383 1.938 3.483 3.920 3.134 2.753 1.878 1.412 4.361 4.464 3.542 - 3.483 3.762 4.261 4.030 5.210 3.342 1.512 3:616 The national bank circulation owes its apparent advantage of longevity to the circumstance that the original plan of redemption was found to be practically inefficient. Since tne inauguration of the present system of redemptions in the office of the Treasurer on July 1,1874, these notes have been freely retired on becoming unfit for use with a consequent shortening of their fife, but the records of the earlier period still affect the calculations based on the whole history of the issue. 154 REPORT ON T H : E FINANCES. PAPER CURRENCY PREPARED FOR ISSUE AND AMOUNT ISSUED. Precaution prompts the preparation of an adequate volume of paper currency of the kinds and denominations authorized by law in advance of putting it into circulation. The" pieces of currency actually issued during the last fiscal year numbered 202,746,192, as against 206,898,000 prepared for issue. The reserve essential to permit the paper, printing, and seahng to dry and harden so as to secure the best results in appearance and wear is not yet as large as economy and prudence suggests. In the coming year it is beheved this criticism will be no longer justified. The number of pieces and amount of paper currency prepared for issue and the amount issued since 1902 is set forth in the subjoined table: Paper currency issued. Prepared for issue. Fiscal year. 1902 1903 1904 1905 1906 1907 1908 1909 Number of • notes and certificates. Total value. Average value. 136,721,000 $591,580,000 617,936,000 148,446,000 159,463,000 762,820,000 155,389,000 510,524,000 157,425,000 602,172,000 178,180,000 679,480,000 197,012,000 858,944,000 637,320,000 206,898,009 $4,326 4.162 4.783 3.285 3.825 3.813 4.359 3. 080 Number of notes and certificates. Total value. Average value. 116,697,874 $466,908,000 141,235,371 551,038,000 152,908,853 650,026,000 169,259,812 637,540,000 172,930,548 629,826,000 173,093,911 698,273,000 188,999,912 804,326,000 202,746,192 764,610,000 $4.000 3.901 4.251 3.766 3.642 4.034 4.255 3.770 The paper currency issued during the fiscal year 1909 was in number of pieces 13,746,280, or 7.2 per cent greater than in 1908. In the first quarter of 1910 the number of pieces issued was 58,477,836, an increase of 11,453,432, or 24.3 per cent, over that for the corresponding period in 1909. ' The issues of United States paper currency, by months, for the fiscal years 1908 and 1909 and first quarter of 1910 are stated in the subjoined table: U N I T E D STATES P A P E R CURRENCY I S S U E D DURING THE FISCAL Y E A R S 1908 AND 1909. Fiscal year 1908. Month. July August September October November December January February March April May June Total Per cent of increase over preceding year Number of notes and certificates. 18,814,212 19,049,010 15,992,416 18,482,719 11,453,850 11,931,376 14,590,227 14,167,339 15,434,053 16,928,014 16,155,687 16,001,009 Amount. Fiscal year 1909. Average value of . Number of notes and notes and certifi- ' certificates. cates. $68,540, 66,788, 56,036! 104,434' 56,688: 49,936! 84,746! 62,590; 62,642, 78,606! 59,490, 63,830; 188,999,912 804,326,000 9.2 15.2 a Decrease. Amount. Average value of notes and certificates. $3. 611 3.506 3.503 6.650 4.949 4.185 5.808 4.417 3.410 4.643 3.682 3.989 16,070,297 16,008,633 15,945,474 19.891,898 16,422,133 17,958.527 14,412,486 15,894,561 17,946,529 17,426,813 17,781,151 17,987,690 $71,634,000 64,198,000 50,964,000 69,804,000 54,988,000 61,418,000 80,920,000 63,486,000 67,802,000 59,646,000 57,948,000 71,902,000 $4. 451 4.277 3.196 3.509 3. 348 3.419 5.614 3.994 3.220 3.416 3.258 3.997 4.255 202,746,192 764,510,000 3.770 7.2 a4.9 155 TBEASITREE. U N I T E D STATES P A P E R CURRENCY I S S U E D DURING THE F I R S T QUARTERS AND 1910. . F i r s t q u a r t e r fiscal year 1909. Month. N u m b e r of notes a n d certificates. Amount. OF 1909 F i r s t q u a r t e r fiscal year 1910. Average N u m b e r of v a l u e of notes a n d notes a n d . certificertificates. cates. Amount. Average value of notes a n d certificates. July August September.. 16,070,297 15,008,633 15,945,474 $71,534,000 64,198,000 50,964,000 $4. 451 4.277 3.196 18,102,851 20,761,885 19,613,100 $61,310,000 61,478,000 58,328,000 $3.386 2.961 2.973 Total P e r cent of increase over first q u a r t e r of 1909 47,024,404 186,696,000 3.970 58,477,836 181,116,000 3.097 24.3 a 2.9 a Decrease. REDEMPTIONS OF PAPER CURRENCY. The redemptions follow closely the issues of government paper currency. During the fiscal year 1909 the number of pieces redeemed was 194,507,569, an increase of 22,328,992, or 12.9 per cent, over those of 1908. In the first quarter of 1910 the number of pieces redeemed was 49,763,706, an increase of 8,175,765, or 19.6 per cent, as compared with the corresponding period in 1909. Under present regulations United States paper currency unfit for circulation, when npt mutilated so that less than three-fifths of the original proportions remain, is redeemed at full face value of the note; if less than three-fifths, but clearly more than two-fifths of the original proportions remain, is redeemed at one-half the face value of the whole note or certificate. Fragments less than three-fifths are redeemed at face value of the whole note when accompanied by an affidavit of the owner or other person having knowledge of the facts that missing portions have been totally destroyed. Comparison of the redemptions, by months, for the fiscal years 1908 and 1909 and first q.uarter of 1910 may be observed in the annexed table: U N I T E D STATES P A P E R CURRENCY R E D E E M E D DURING THE FISCAL Y E A R S 1908 AND 1909. Fiscal year 1909. Fiscal year 1908. Month. July August September October November December January February March April May June Number of notes and certificates. Amount. Amount. Average value of notes and certificates. 16,047,805 12,253,600 13,286,636 16,992,373 12,658,540 12,891,843 22,588,692 17,435,663 18,637,303 16,775,146 16,695,389 18,244,679 $62,934,000 41,734,000 46,123,000 60,509,000 43,707,000 63,610,000 84,758,000 64,119,000 74,545,000 58,542,000 57,853,000 63,961,000 $3.921 3.405 3.471 3.560 . 3.452 4.934 • 3.752 3.677 3.999 3.489 3.465 3.505 665,220,000 194,507,669 722,395,000 3.713 14.1 12.9 8.6 , 13,539,001 15,392,003 12,581,709 16,586,963 6,901,139 8,348,311 •14,492,879 15,010,315 16,174,284 16,657,079 16,459,396 20,035,498 $53,660,000 52,941,000 44,453,000 78,976,000 58,014,000 30,487,000 48,327,000 50,500,000 52,763,000 55,064,000 70,476,000 69,569,000 Total Per cent of increase over preceding year 172,178,577 6.6 Average value of Number of notes and notes and certificertificates. cates. $3.963 3.439 3.533 4.761 8.406 3.651 3.334 3.364 3.261 3.305 4.281 3.472 156 REPORT ON THE FINANCES. UNITED STATES PAPER CURRENCY REDEEMED DURING THE FIRST QUARTERS OP 1909 AND 1910.. F i r s t q u a r t e r fiscal year 1909. Month. N u m b e r of notes a n d certificates. Amourit. F i r s t q u a r t e r fiscal year 1910. Average N u m b e r of value of notes a n d notes a n d certificertificates. cates. Amount. Average value of notes a n d certificates. July August September 16,047,805 12,253,500 13,286,636 $62,934,000 41,734,000 46,123,000 $3.921 3.405 3.471 16,705,962 16,148,630 16,909,114 $59,329,000 53,591,000 56,367,000 $3.551 3.318 3.333 Total.. Per cent of increase over first q u a r t e r of 1909 41,587,941 150,791,000 3.625 49,763,706 169,287,000 3.401 19.6 12.2 STANDARD SILVER DOLLARS. At the close of the last fiscal year the total stock of standard silver dollars was $564,061,719 (exclusive of $4,215,000 held against outstanding treasury notes). The amount held in the Treasury was $492,073,819 while there were in circulation $71,987,900 as against $76,328,657 in 1908. Silver dollars are in demand in some parts of the country and are shipped to depositors therefor, but the expense of transportation is now paid by the consignee. The accumulation of these coins in the Treasury is not in excess of the amount that can be utilized as a basis for the issue of silver certificates. The shipment of silver dollars to depositors therefor, by months, during the past two years and a quarter is recorded in the subjoined statement: MOVEMENT Month. July August September First qaarter October November December January February March April May .. June .' • Total OF STANDARD SILVER DOLLARS. 1908. 1909. 1910. $2,738,346 3,791,269 5,262,743 $797,630 1,089,600 1,525,000 $1,182,000 1,747,260 1,967,575 11,792,358 6,213,096 4,671,687 2,642,027 1,327,621 1,284,849 1,740,298 533,200 490,650 771,125 3,412,130 1,490,500 1,157,904 1,248,196 429,060 596,426 927,675 813,115 849,400 940,875 4,896,836 31,466,911 11,865,180 157 TREASURER. EXCHANGE OF STANDARD SILVER DOLLARS. The standard silver dollars presented at the treasury offices for exchange during the fiscal year amounted to $23,488,604, a decrease of $20,192,163, as compared with the fiscal year 1908. The exchanges of these coins exceeded the shipments in 1907 by $104,137, in 1908 by $12,213,856, and in 1909 by $11,623,424. The amounts presented at the several offices were: First q u a r t e r - Fiscal y e a r Office. 1909. 1909. 1908. 1910. Washington.. Baltimore New York Philadelphia.. Boston Cincinnati.... Chicago S t . Louis New Orleans. S a n Francisco $2,294,639 1,168,360 5,820,240 3,619,804 1,360,430 5,781,908 10,372,210 6,707,808 4,199,950 2,355,418 $771,113 842,650 3,595,592 2,594,168 755,770 2,971,280 5,956,442 2,718,820 2,053,000 1,229,769 $204,281 133,590 1,140,705 628,817 211,290 899,790 1,697,810 472,090 597,000 287,636 $89,476 173,280 833,628 709,121 191,446 697,086 1,170,742 485,663 412,500 187,948 Total... 43,680,767 23,488,604 6,173,009 4,950,888 SUBSIDIARY SILVER COIN. The stock of subsidiary silver coin in the country at the close of the fiscal year 1909 was $159,408,546, an increase of $12,052,763 as compared with that of" 1908. The treasury holdings were $27,076,747.52, while the amount in circulation was $132,331,798 as against $124,178,165 in 1908. These coins are redeemable in the lawful money of the United States, and when so redeemed they are again distributed either by shipments to depositors therefor or paid over the counter at treasury offices in exchange for other kinds of money. The coins accumulate in the Treasury from January to July, after which there is demand for them until the end of December. The amounts shipped to depositors therefor, by^ months, during the past two years and a quarter are set forth in the statement following: . Month. July August September First quarter October November December January February March. April May June '. Total :... .'. 1908. 1909. $2,379,912.40 2,857,516.70 3,462,29L80 $1,977,2'68.80 3,172,594.60 4,460,330.40 $2,982,761.45 3,737,759.40 5,810,750.30 8,699,720.90 4,017,353.70 4,877,095.19 3,350,184.50 1,245,583.90 1,130,280.40 1,604,818.00 1,961,684.60 1,969,135.00 2,682,974.80 9,610,193.80 4,774,580.55 3,868,170.40 3,692,593.30 1,463,788.00 1,738,173.20 2,521,244.30 2,664,080.80 2,794,279.20 3,131,464.20 12,631,27LI6 31,438,830.99 36,068,667.75 1910. 158 REPORT ON T H E FINANCES. REDEMPTION OF SUBSIDIARY SILVER COIN* The amount of subsidiary silver coin redeemed at the treasury offices for the fiscal years 1908 and 1909 and the first quarter of 1910 is stated here: F i r s t quarter— Fiscal y e a r Office. 1908. 1910. 1909. 1909. Washington... Baltimore NewYork Philadelphia.. Boston Cincinnati Chicago St. L o u i s NewOrleans.. S a n Francisco. $3,514,216 2,964,100 18,126,042 6,235,714 2,450,010 3,301,565 7,113,740 5,218,591 2,737,265 2,949,953 821,085 746,760 550,856 950,945 214,065 888,430 400,673 327,242 845,940 577,684 $667,795 672,210 4,928,476 1,649,690 528,880 744,600 1,440,700 813,731 527,350 539,636 Total.... 54,611,196 56,323,680 12,513,067 $532,397 718,420 5,710,588 1,763,867 534,960 084,260 1,323,275 1,030,392 532,430 533,226. 13,363,814 MINOR COIN. The minor coins are in great favor. An addition of $889,040.25 to the coinage was made during the last fiscal year, of which $501,951.35 was in bronze cents and $387,088.90 in nickel 5-cent pieces. The amount of each denomination of minor coin outstanding at the close of the fiscal years 1908 and 1909 may be studied in the statement following: Fiscal y e a r 1909. Outstanding J u n e 30,1908. Outstanding J u n e 30, 1909. Coined. Copper cents Copper half cents Copper-nickel c e n t s . B r o n z e 1-cent pieces Bronze 2-cent pieces Mickel 3-cent p i e c e s . N i c k e l 5-cent p i e c e s . Total $1,182,546.81 39,926.11 1,205,662.15 16,244,270. 49 572,691.08 623,678.39 28,059,496.95 $532,382.95 47,928,170.98 Remelted. $200.82 579,427.90 677.70 30,431. 60 338.90 578.73 192,339.00 $1,182,344.99 39,926.11 1,204,884.45 16.746.221.84 572,352.18 623,099.66 28.446.585.85 1,111,810.86 224,666.76 48,815,415.08 MOVEMENT OF MINOR COIN. Minor coins to the amount of $3,784,903.12 were shipped to depositors therefor in 1909, an increase of $479,192.32 as compared with that of 1908. 159 TREASURER. The transactions by offices for the past two years and a quarter are reported in the statement following: Fiscal y e a r 1909. Fiscal y e a r 1908. Office. E x p e n s e of transportation. Washington Baltimore; Boston Chicago Cincinnati N e w Orleans New York Philadelphia St. Louis S a n Francisco M i n t , Philadelphia.... M i n t , San F r a n c i s c o . Total E x p e n s e of transportation. $41,201.30 28,705.00 141,730.00 561,751.80 . 111,992.70 12, 545.00 325,570. 60 187,337. 40 188,426. 50 127,755.00 1,578,695. 50 a $661.73 327. 50 1, 416. 40 7, 435.07 1,146.00 165. 25 1.629.10 2,691.86 3,122. 45 1.551.11 37,850.71 $53,997. 30 40,300.00 161,140. 00 743,124. 00 205,969. 30 91,393.42 682,945.00 318,689.10 332,795.00 113,270.00 1,041,180.00 100.00 $883.76 656.20 2,212. 65 10,197.21 2,625. 60 1,192.19 6,064.80 7,036.54 6,046.65 1,279.94 2,757. 68 3,305,710.80 57,997.18 3,784,903.12 40,953.21 F i r s t q u a r t e r of 1909. Office. Amount. Washington Baltimore Boston • Chicago Cincinnati N e w Orleans NewYork Philadelphia S t . Louis San Francisco Mint, Philadelphia... Mint, San Francisco. Total F i r s t q u a r t e r of 1910. E x p e n s e of transportation. E x p e n s e of transportation. $19.151.00 12;450.00 48,300.00 214,515.00 52,570.00 27,190.00 154,880.00 85,675.00 104,850.00 24,955.00 152,721. 65 $341. 57 142.80 483. 60 2,960.17 642.55 366.30 1,217.45 2, 496.84 1,893.75 270.04 233.75 $26,283. 60 14,300.00 62,205.00 241,835.00 66,570.00 24,230.00 269,195.00 96,720.00 118,910.00 52,750.00 647,592.98 440. 00 $474. 29 162.70 623.90 3,414. 55 1,074.55 335.30 2,761.60 5,623.78 2,067.95 571.26 3,500.06 897,257.65 11,048.82 1,621,031.58 20,609.94 a T h e charge against t h e m i n t , P h i l a d e l p h i a , covers t h e e x p e n s e of transfers from t h a t p o i n t to s u p p l y o t h e r offices. REDEMPTION OF MINOR COIN. Minor coins are redeemable in the lawful money of the United States, and the amount presented for such redemption at each of the Treasury offices for the fiscal years 1908 and 1909 and the first quarter of 1910 is recorded in the annexed statement: J Fiscal y e a r - First q u a r t e r 1910. 1908. Washington.. Baltimore Bo'ston Chicago Cincinnati N e w Orleans.. New York Philadelph ia. S a n Francisco. St. Louis $446,883 918,050 514,145 896,785 487,367 114,284 2,694,044 1,000,530 82,248 446, 468 $492, 406 845,775 588, 490 789,801 491,300 121, 480 3,147,912 1,123,565 87,069 472,603 $122,039 218, 430 135,205 186,789 137,299 13,105 729,562 252,317 25,845 $210,679 215,815 144,660 156,861 113,840 32,050 873,288 313,720 20,570 121,033 Total.... 7,600,804 8,160, 401 1,918,879 2,202,516 160 REPORT ON T H E FINANCES. MONEY FOR MOVING THE CROPS. The growth in the volume of small denominations of currency during the past few years, and its wider distribution throughout the country, has diminished the requests for assistance, which the Treasury has heretofore rendered, in making transfers of funds from New York to other subtreasury cities for moving the crops. Thefollowing tables "give the deposits in NewYork in all months, when any were made, and the resultant payments in the several cities from January, 1905, to September, 1909: Gold coin a n d certificates. Transactions. K05—Receipts: In January I n March I n April I n May In June I n J uly In August In September I n October In November I n December U n i t e d States • notes. $1,013,034.00 440,000.00 750,000.00 4,100,000» 00 2,700,000.00 1,040,000.00 4,995,000.00 2,000,000.00 4,255,000.00 7,375,000.00 0,950,000.00 P. . Total . . $65,000.00 35,618,034.00 P a i d b y t h e Treasurer a n d assistant treasurers of t h e U n i t e d States: Cincinnati— I n March. In September I n October Total Silver dollars a n d certiiicates. Total. ' $1,013,034.00 505,000.00 750 000 00 4,100,000.00 2,700,000.00 1.040 000 00 4,995,000.00 2,000,000.00 4,255,000.00 7,375,000.00 6,950,000.00 65,000.00 35,083 034 00 . 280,000.00 44,000.00 250,000.00 $59,000.00 19,000.00 40,000.00 16,000.00 37,000.00 10,000.00 355,000 00 100,000.00 300,000.00 574,000.00 118,000.00 63,000.00 755,000 00 28,000.00 2,000.00 150,000.00 100,000.00 400,000.00 1,040,000.00 1,495,000.00 700,000 00 2,380,000.00 2,675,000.00 1,450,000.00 N e w Orleans— I n March I n May In June I n July In August In September I n October In November I n December 120,000.00 100,000.00 • 370,000.00 860,000.00 1,495,000.00 350,000.00 1,089,000.00 2,465,000.00 1,450,000.00 Total 8,899,000.00 S a n Francisco— In January I n April I n May In June. . In September In November I n December 1,013,034.00 750,000.00 4,000,000.00 2,300,000.00 500,000.00 3,400,000.00 4,000,000.00 1,013,034.00 750,000.00 4,000,000.00 ' 2,300,000.00 500,000 00 3 400 000 no 4,000,000.00 15,963,034.00 15,963,034.00 . . . . ... Total ... Baltimore— In September Chicago— In August I n October In Movember... In December Total 30,000.00 110,000.00 '"'""76,'666.'66' 170,000.00 382,000.00 190,000.00 180,000.00 309,000.00 20,000.00 910,000.00 581,000.00 10,390,000.00 • 40,000.00 60,000.00 100,000.00 2,800,000.00 900,000.00 500,000.00 1,500,000.00 550,000.00 100,000.00 150,000.00 3 500 000 00 1,000,000.00 500 000 00 1,500,000.00 5,700,000.00 650,000.00 150,000.00 6,500,000.00 S t . Louis— In September I n October In November 220,000.00 266,000.00 470,000.00 200,000.00 174,000.00 . 270,000.00 180,000.00 135,000.00 60,000.00 600,000.00 575 000 00 800,000.00 Total 956,000.00 644,000.00 375,0.00.00 1,975,000.00 161 TKEASUBEB. Gold coin a n d certificates. Transactions. 1906—Receipts: In January In February I n March I n April In May In June In July In ' In In In September October November December . . United States notes. Cincinnati— In January I n March I n October Total N e w Orleans— I n April In May In June In July I n August In September I n October In November In December Total. $350,000.00 $350 000 00 900,000.00 3,450,000.00 300,000.00 200,000.00 1,050,000.00 3,450,000.00 7,235,000.00 1,890,000.00 4,225,000.00 5,975,000.00 40,000.00 175,000.00 900,000.00 3,450,000.00 300,000.00 200,000.00 1,050,000.00 3,450,000.00 7,335,000.00 1,890,000.00 4,265,000.00 6,150,000.00 315,000.00 29,340,000.00 $100,000.00 29,025,000.00 Total P a i d b y t h e Treasurer a n d assistant treasurers of t h e U n i t e d S t a t e s : Washington— I n April Silver dollars a n d certificates. 300,000.00 300,000.00 345,000.00 400,000.00 50,000.00 30.000.00 20,000.00 350,000.00 400,000.00 100,000.00 795,000.00 35,000.00 20,000.00 850,000 00 $5,000.00 900,000.00 300,000.00 100,000.00 200,000.00 250,000.00 755,000.00 1,175,000.00 600,000.00 3,015,000.00 50,000.00 40,000.00 Total 7,295,000.00 90,000.00 San F r a n c i s c o I n March I n April In June In July I n August In September I n October In November In December 500,000.00 1,750,000.00 100,000.00 850,000.00 2,750,000.00 6,310,000.00 15,000.00 3,075,000.00 3,610,000.00 500,000.00 '1,750,000.00 100,000.00 850,000.00 2,750,000 00 6,310,000.00 15,000 00 3,075,000.00 3,610,000.00 18,960,000.00 18,960,000.00 500,000.00 500,000.00 500,000.00 500,000.00 1,000,000.00 1,000,000.00 ". •.. '.. Total Chicago— I n April I n October Total 40,000.00 175,000.00 900,000.00 300.000 00 100,000.00 200,000.00 300,000 00 875,000.00 1,175,000.00 640,000.00 3,190,000.00 295,000.00 7,680,000.00 80,000.00 S t . Louis— In August. In September' 250,000.00 90,000.00 130,000.00 40,000.00 20,000.00 20,000.00 400,000.00 150,000.00 Total 340,000.00 170,000.00 40,000.00 550,000.00 700,000.00 300,000.00 500,000.00 650,000.00 3,675,000.00 1,189,138.50 1,500,000.00 2,525,000.00 1,775,000.00 4,389,000.00 35,160,157.95 17,264,893.54 32,000.00 5,000.00 700,000.00 300,000.00 500,000.00 650,000.00 3,675,000.00 1,189,138.50 1,500,000.00 2,525,000.00 1,775,000.00 4,389,000.00 35,192,157.95 17,269,893.54 69,628,189.99 37,000.00 69,665,189.99 1907—Receipts: In January In February I n March I n April In May In June In July I n August In September I n October In November I n December . Total 13518—FI 1909- -11 162 EEPOET ON T H E FINANCES. Transactions. Paid b y t h e Treasurer a n d assistant treasurers of t h e U n i t e d S t a t e s : Washington— I n March I n October In November. I n December Total Gold coin a n d certificates. Silver dollars a n d certificates. U n i t e d States notes. Total. $300,000.00 200,000.00 200,000.00 3,000.00 $300,000.00 200 000 00 200,000. 00 3,000.00 703,000.00 703,000.00 Baltimore— I n October 100,000.00 100,000.00 Boston— In November In December 372,000.00 200,000.00 372 000 00 200,000.00 Total 572,000. 00 572,000. 00 Chicago— In August In November In December 1,100,000.00 14,300,032.30 8,365,900.00 « $20,000. 00 1,100,000.00 14,320,032. 30 8,365,900.00 Total 23,765,932.30 20,000. 00 .23,785,932.30 Cincinnati— I n November I n December 195,000.00 95,900.00 Total 290,900.00 i \ N e w Orleans— In January In February I n March I n April In July In August... In September I n October In November I n December 200,000.00 300,000.00 120,000.00 100,000.00 180,000.00 405,000.00 1,255,000.00 475,000.00 1,118,000.00 1,513,500.00 $50,000.00 20,000.00 10,000.00 Total 5,666,500. 00 80,000.00 b 55,000. 00 0 12,500.00 } b 33,000. 00 128,900.00 100,500. 00 391,400.00 b 80,000. 00 10,000. 00 70,000. 00 10,000.00 170,000.00 262,500. 00 200,000.00 300,000.00 200,000.00 150,000.00 200,000.00 425,000.00 1,325,000.00 475,000.00 1,128,000.00 1,513,500.00 5,916,500. 00 Philadelph l a i n November In December 2,378,000.00 577,000.00 2,378,000.00 577,000.00 Total 2,955,000.00 2,955,000. 00 St. Louis— In September I n October In November In December 420,000.00 600,000.00 3,266,200.00 2,501,500. 00 20,000.00 0,787,700. 00 20,000.00 Total • . . 10,000.00 23,000.00 450,000.00 600.000 00 3,289,200. 00 2,501,500.00 33,000.00 6,840,700. 00 San Francisco— In January I n April I n May In June In July In August I n October In November I n December 500,000.00 500,000.00 3,675,000.00 1,1895138.50 1,300,000.00 1,000,000.00 3,014,000.00 11,659,633.20 3,017,493.54 500,000.00 500,000. 00 3,675,000. 00 1,189,138.50 1,300,000.00 1,000,000.00 3,014,000.00 11,659,633.20 3,017,493.54 Total 25,855,265.24 25,855,265. 24 Mint, Denver— In November In December 1,582,792.45 962,600. 00 1,582,792. 45 962,600.00 Total 2,545,392.45 2,545,392.45 a Silver coin. b National-bank notes. 163 TEEASUEEE. Gold coin and 0 certificates. Transactions. 1908—Receipts— In January.. In February In April In May In June In August In September In October In November In December \ Total $291,725.87 131,000.00 1,052.92 750,000.00 355,000.00 25,000.00 492,000.00 35,000.00 1,710,000.00 235,000.00 4,025,778.79 Paid by the Treasurer and assistant treasurers of the United States: Washington— In May Chicago— In January Mint, Denver— In February New Orleans— In January In February In May In June In August In Sentember In October In November In December .... Total Philadelph l a in January United States notes. Silver dollars and certificates. Total. $291,725.87 131,000.00 1,052.92 750,000. 00 355,000. 00 25,000. 00 700,000. 00 35,000.00 1,710,000 00 235,000.00 $108,000.00 $100,000.00 108,000.00 100,000.00 4,233,778.79 400,000.00 200,000.00 600,000.00 30,000.00 30,000.00 100,000.00 100,000.00 5,000.00 31,000.00 150,000.00 355,000.00 25,000.00 542,000.00 35,000.00 260,000.0(5 235,000.00 5,000.00 31,000.00 150,000.00 355,000.00 25,000.00 700,000 00 35,000.00 260,000.00 235,000.00 1,638,000.00 60,000.00 98,000.00 60,000.00 98,000.00 1,796,000.00 5,000.00 ,5,000.00 San Francisco— In January In April In November 251,725.87 1,052.92 1,450,000.00 251,725.87 1,052.92 1,450.000.00 Total 1,702,778.79 1,702,778.79 250,000.00 500,000.00 2,700,000.00 3,000,000.00 3,800,000.00 250,000.00 500,000.00 2,700,000.00 3,000,000.00 3,800,000.00 10,250,000.00 10,250,000.00 1909—Receipts— In April In May In June In August In September Total Paid by the Treasurer and assistant, treasurers ofthe United States: Washington— In J une 450,000.00 450,000.00 San Francisco— In April In May In June In August In September 250,000.00 500,000.00 2,250,000.00 3,000,000.00 3,500,000.00 250,000.00 500,000.00 2,250,000.00 3,000,000.00 3,500,000.00 Total 9,500,000.00 9,500,000.00 New Orleans— In September 165,000.00 /t 30,000.00 0 20,000.00 } o >jational-bank notes. 85,000.00 300,000.00 .REPORT ON T H E FIIST AN CES. 164 DEPOSITS OF GOLD BULLION AT THE MINTS AND ASSAY OFFICES. The movement of the new product of gold bullion, from the mines and imports, to the Treasury during the last fiscal year, shows a large decrease as compared with t h a t of the preceding two years. The amount deposited at each of the mints and assay offices during the fiscal years 1907, 1908, and 1909 is stated here: Office. Philadelphia San Francisco New Orleans Denver . New York Carson . Boise Helena Charlotte St. Louis Deadwood ... Seattle Salt Lake City -. : * Total : 1909. 1907. 1908. $1,809,'596.26 44,138,661.93 874,035.-21 22,569,154.64 77,754,786.19 811,415.95 884,713.11 2,039,329.03 173,945.02 259,517.48 470,150.17 22,860,744.44 $435,929.98 34,087,705.48 757,927.83 14,103,766.91 126,322,084.27 1,706,910.60 851,235.76 1,703,183.32 218,867.66 75,190.28 1,195,032.70 15,769,486.47 $1,440,417.87 37,995,051.18 841,495.61 16,123,322.56 59,206,372.96 2,552,309.07 1,047,774.02 1,848,862.00 109,956.87 95,523.87 1,216,795.57 19,137,06.5.39 509,994.62 174,646,049.43 197,227,321.26 142,124,941.59 Depositors of gold bullion at the above-named offices are paid therefor in coin or by checks on assistant treasurers and depositary banks. During the fiscal year 1.909, $395,000 in gold coin was transferred from San Francisco to Carson, and $2,400,000 to Seattle to be used in making payments for local deposits of gold bullion. TRANSFER OF GOLD COIN FROM SAN FRANCISCO. The accumulation of gold coin in the mint of the United States at San Francisco in excess of public requirements on the Pacific coast, and to which attention had been invited in previous reports, was transferred to the mint at Denver during the last fiscal year. The amount moved was $272,500,000, at a cost of $1 per $1,000. SHIPMENTS OF CURRENCY FROM WASHINGTON. The currency shipped from the Treasury in Washington to the subtreasuries, banks, and others during the fiscal year 1909 amounted to $571,380,547, as against $631,287,614 durmg the preceding twelve months. In 1908, the packages sent were 93,919, while in 1909 they numbered 96,172, an increase of 2,253. The comparison of two years follows: Fiscal year 1908. Number of packages. Total by express Total by registered mail Aggregate • Amount. 75,781 $627,628,740 18,138 3,658,874 93,919 631,287,614 Fiscal year 1909. Number of packages. Amount. 77,171 19,001 $569,100,000 2,280,547 • 96,172 571,380,647 165 TREASURER. RECOINAGE IN THE FISCAL YEAR 1 9 0 9 . The worn gold, silver, and niinor coins withdrawn and transferred to the mint for recoinage during the fiscal years 1908 and 1909 are recorded in the statement following: 1909. 1908. Denominations. Quarter eagles Three dollars One dollar Total silver . 339,425.00 286,703.00 106. 40 345,744.70 1,000.80 146.85 . . . . 1,159,189.10^ ... . $5,436. 61 2,148,773.50 445,036.00 343,524.75 192.20 369,381.10 947.05 108.00 Minor coins Aererreeate $6,404.09 2,680,310.00 Total gold Half dollars Quarter dollars Twenty-cent pieces Dimes Half dimes Three-cent pieces Loss. $410,900.00 609,030.00 1,119,425.00 9,312.50 27.00 79.00 $564,880.00 622,600.00 1,485,300.00 7,505.00 6.00 19.00 Eagles Face value. Loss. Face value. o 973,126.75 76,245.05 193,671.25 64,920.18 224,566. 75 82,649.14 4,033,170.35 70,356. 79 3,346,467.00 REDEMPTIONS AND EXCHANGES. The„amount of each kind of money received and paid at Treasury offices on account of redemptions and exchanges during the fiscal year 1909 may be studied in the statement here: RECEIPTS. Kinds of money received by Treasury offices. Gold coin and certificates. United NationalSilver coin notes bank notes and certifi- States and Treasand minor cates. ury notes. coin. $901,390 418,832,459 $1,231,351 409,952,034 $1,105,773 124,767,655 $85,919 $3,324,433 390,579,648 1,344,131,796 419,733,849 411,183,385 125,873,428 390,665,567 1,347,456,229 931,190 1,413,322 1,232,494 Net receipts for which payments were made during year. 418,802,659 409,770,063 124,640,934 Account. Receipts for currency outstanding June 30, 1908 . . . . Moneys received during year Total Less outstanding receipts June 30, 1909 91,635 Total. 3,668,641 390,573,932 1,343,787,588 PAYMENTS. Kinds of money paid by Treasury offices. Account. Transfer checks. Gold coin Silver coin and certifi- and certificates. cates. For gold coin and certificates. $394,589,878 $17,685,404 For silver coin and certificater 63,841,363 310,248,679 $1,031,412 For United States notes and Treasury notes 20,015,942 18,799,276 For national-bank notes and minor coin 219,666,971 27,327,268 95,864,832 Total. 220,698,383 United States' notes. Nationalbank notes and minor coin. $3,048,517 $3,478,860 Total. $418,802,659 28,649,676 5,998,933 84,369,640 1,456,076 409,770,063 124,640,934 46,471,476 1,253,385 390,573,932 505,774,451 442,688,191 162,539,309 12,187,264 1,343,787,588 166 REPORT ON T H E FINANCES. REDEMPTION OF NATIONAL-BANK NOTES. The national-bank notes presented for redemption during the fiscal year amounted to $461,522,202, exceeding by $111,887,861 the largest sum ever presented for redemption in any year. The redemptions were 67.80 per cent of the average amount of the notes outstanding during the year, which was $680,666,307. This percentage, however, was exceeded in the year 1877, when redemptions, amounting to $242,885,375, were 75.47 per cent of the average amount outstanding during that year. The average denomination of the notes outstanding during this fiscal year was $10.11; of the notes redeemed it was $9.71. The total number of notes redeemed was 47,294,777. The redemptions by denominations of the average amount outstanding amounted to 75 per cent of the $5 notes, 69.34 per cent of the $10 notes, 64 per cent of the $20 notes, 54.40 per cent of the $50 notes, and 51.17 per cent of the $100 notes. Following the usual movement of bank notes to the Redemption Agency, the redemptions in the first six months, July to December, were only 39.59 per cent of the total for the year, while 60.41 per cent was redeemed in the second six months, January to June. The smallest monthly amount redeemed was $24,776,186 in September, and the largest was $56,627,458 in January. A monthly average would have been $38,460,183. The redeemed notes were paid for in the following ways: By the treasurer's checks on the various subtreasuries to the amount of $219,617,316, by remittances of $165,668,342 in new United States currency, by remittances of $187,979 in gold, silver, and minor coins, and by the credit of $74,063,371 in various accounts. The notes assorted and delivered during the year amounted to $500,636,735.50. The excess of deliveries over redemptions was caused by the reduction of the balance of $62,277,880 in redeemed notes on hand unassorted at the commencement of the year to a balance of $20,645,204 at the close of the year. The assorted notes forwarded to the banks of issue as fit for use amounted to $89,629,100, those delivered to the Comptroller of the Currency for reissue to $321,445,552.50, and those for retirement to $89,562,083. Under provisions in the emergency currency act of May 30, 1908, it became impracticable to separate the notes issued by a bank prior to that act from the notes issued suhsequent to that act from plates which had been changed to conform to the requirements of the act. In consequence of this the deposits of lawful money previously received from banks under the various provisions of law for the retirement of certain series of their notes and the deposits subsequently so received, have been used since July 1 to retire any notes issued by the bank making the deposit without regard to the series. Under this practice the redemptions of the notes of a bank on the 5 per cent account cease until the deposit for retirement of its notes is exhausted. This change in practice accounts for the large sum of notes retired by redemption during the year. Notwithstanding this retirement of notes the transactions during the year in further deposits for retirement of notes and in fresh deposits of bonds for additional notes, resulted in a net decrease of only $8,413,843 in the amount of circulation during the year. The total deposits for the retirement of notes 167 TREASUREE. amounted to $45,621,739.50, those received under the compulsory provisions of law relating to extended bank charters and bank liquidations were $14,841,244.50, and those under the provision of law for the voluntary retirement of notes with a monthly limit of $9,000,000 were $30,780,495. Of this latter sum, however, $13,316,500 came from the redemption by the Government of 3 per cent certificates which had been pledged by the banks for notes. Inclusive of charges for transportation, salaries, printing, stationery, and' contingent expenses, the total costs for the year were $396,743.15, which have been assessed upon the banks at the rate of $0.79762 per $1,000 of notes redeemed. SPURIOUS ISSUES DETECTED IN 1909. The nominal value of the counterfeit coins and paper currency of all kinds detected at the Treasury and subtreasuries during the last fi.scal year was $13,629.14, as against $13,236.19 in 1908. SPECIAL TRUST FUNDS. The Central Pacific Railroad settled the balance of its indebtedness to the Government on July 28, 1908, and the bonds of the company held as security therefor were released. The kind and amount of securities held in special trust and the transactions therein during the fiscal year 1909 are enumerated in the annexed table: SPECIAL T R U S T F U N D S IN THE CUSTODY OP THE T R E A S U R E R OP THE U N I T E D STATES AT THE C L O S E O F T H E F I S C A L Y E A R 1909. Fiscal y e a r 1909— A c c o u n t a n d k i n d s of b o n d s , e t c . H e l d J u n e 30, 1908. H e l d J u n e 30, 1909. Deposited. N o t e s secured b y b o n d s given b y t h e Central Pacific R . R . t o t h e G o v e r n m e n t i n settlem e n t of t h e obligations of t h a t r o a d : Central Pacific R . R . n o t e s $5,881,271.56 C e n t r a l Pacific R . R . b o n d s 5,882,000.00 S t a t e b o n d s belonging t o t h e U n i t e d S t a t e s : Louisiana state bonds 37,000.00 58,000.00 N o r t h Carolina s t a t e b o n d s 335,666.66§ Termessee s t a t e b o n d s U n i t e d S t a t e s b o n d s h e l d u n d e r special p r o v i sions of l a w : A m e r i c a n P r i n t i n g H o u s e for t h e B l i n d 250,000.00 M a n h a t t a n Savings Institution 75,000.00 N o r t h A m e r i c a n Commercial Co 50,000.00 H e l d for t h e Secretary of W a r : 545,480.00 C a p t u r e d b o n d s of t h e S t a t e of L o u i s i a n a . . H e l d for t h e S e c r e t a r y of t h e T r e a s u r y : 3,732,264. 24 P a n a m a Railroad notes H e l d for t h e D i s t r i c t of C o l u m b i a : 4,895,450.00 3.65 p e r c e n t b o n d s ( u n s i g n e d ) B o n d s for a c c o u n t of D i s t r i c t c o n t r a c t o r s . . 121,230.00 Chesapeake a n d Ohio Canal b o n d s 84,285.00 B o a r d of a u d i t certificates .,-. Aggregate. . . . 21,947,647.461 Withdrawn. $5,881,271.56 5,882,000.00 $37,000.00 58,000.00 335,666.661 250,000.00 75,000.00 50,000. 00 545,480.00 $377,331. 79 100,000.00 41,250.00 4,895,450.00 • 11,000.00 20,134. 72 438,716.51 17,019,721.56 4,009,596.03 151,480.00 84,285. 00 20,134. 72 5,366,642.41§ 168 REPORT ON T H E FINANCES. 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 affairs of the District, are fully set forth in a separate paper. During the fiscal year 1909 the bonds of the funded debt retired amounted to $491,300, resulting in the reduction of the annual interest charge by $17,833.90. From July 1, 1878, to the close of the fiscal year 1909 the bonded debt was increased by the issue of 3.65 per cent bonds amounting to $1,254,050, and decreased by the operation of the sinking funds and otherwise $13,246,550, making a net reduction of $11,992,500, and of the annual interest charge $646,592.65. The interest-bearing bonds outstanding June 30, 1909, were $10,114,150. Since the close of the fiscal year the debt has been further reduced by the purchase of 3.65 per cent bonds amounting to $446,350. This leaves outstanding October 1, 1909, $9,667,800 in bonds bearing 3.65 per cent interest. The retentions from 39 District of Columbia contracts were canceled during the year by the return to the contractors of $65,170 in bonds and $67,534.36 in cash. At the close of the fiscal year 1909 the 10 per cent guaranty fund amounted to $249,326.56, and was credited to 86 separate contracts, and is represented by $151,480 in bonds purchased at the request and risk of contractors, and $86,057.84 uninvested cash. INCREASE OF SALARIES. Since I have held the office of Treasurer of the United States the duties and responsibilities of the employees of this bureau have been carefully studied, and it is my observation that the salaries paid are not adequate for the services rendered. The salaries of employees in this office should be large enough to command the best talents, and should be at least large enough to give them and their families a respectable livelihood, and to enable them to save something for the needs of old age. The salaries of the classified service (clerks of classes 1,2, 3, and 4) were established by the law, April 22, 1854, and have not since been changed. At that time the cost of living was much less than at present, and the salaries were adequate; but now the cost of all the articles that enter into the consumption of a family have increased so largely that the government official holding a position in the classified service, the salary of which has not been increased for more than fifty years, finds it a difficult matter to provide for the wants of a family and quite impossible to put aside but a small part of his earnings for the wants of that period when he shall have outlived the days of his usefulness in the public service. The risk of loss and the pecuniary responsibilities of many of the employees of this office are very great. The arguments urged may perhaps apply with more strength and force to an office like this, but the same reasons for an increase of pay apply, with more or less force, to every branch of thie public service. 169 TREASURER. Daily wages have been increased in every line of industry throughout the country, but the salary of the clerk has remained stationary. I t is suggested that you invite the attention of Congress to this subject. Your attention is invited to the comparison of annual salaries paid, in the following statement for the fiscal years 1856, 1876, and 1910: Office. Annual salaries paid for the fiscal years-— Percentage of increase since 1856. 1856. 1876. 1910. The President The Vice-President The Speaker of the House Secretary of the Treasury Assistant Secretary of the Treasury Comptroller of the Treasury Auditor for the Treasury Treasurer of the United States Register of the Treasury Classified service: Clerks of class 1 Clerks of class 2 Clerks of class 3 Clerks of class 4 $25,000 8,000 8,000 8,000 3,000 3,500 3,000 3,000 3,000 1,200 1,400 1,600 1,800 $50,000 8,000 8,000 8,000 4,500 5,000 4,000 6,500 4,500 1,200 1,400 1,600 1,800 $75,000 12,000 12,000 12,000 5,000 5,500 4,000 8,000 4,000 1,200 1,400 1,600 1,800 RETIREMENT IN OF E M P L O Y E E S G R O W N OLD GOVERNMENT. THE SERVICE OF 200 50 50 50 66 57 33 166 33 None. None. None. None. THE The question has been before the public for several years and numerous bills in relation thereto have been introduced in Congress, but none of these bills have been sanctioned by that body. Throughout the country the necessity for making provision for those who have grown old in the service of mercantile establishments, banks, and great railway lines is receiving attention, and in many instances ample funds have been provided and the plans put into practice with very satisfactory results. The employees of the Government, a faithful and efficient class of citizens, are growing old in its service, and that, too, on salaries which, in these times of high prices and cost of living, afford no margin for saving to provide for the wants of old age. Therefore it is suggested that in the legislation to come before Congress at the next session relative to a readjustment of salaries, there be coupled with the measure some Icind of retirement plan whereby the Government will make deductions from the salaries of all employees in future sufficient to provide the necessary retirement fund. Such a plan would in the course of a few years be self-supporting, and on a basis entirely diff'erent from that of a civil pension system to be paid for out of taxation. Under such provisions it would fall to the lot of Congress to provide for the old clerks who are now on the rolls of the departments, but who manifestly could not at this date contribute enough for their own pensions. With this temporary aid the plan would be on its face essentially like the Australian requirement, that every clerk, on appointment would at once begin the purchase' of a deferred annuity, and thus make provision for old age. • % 170 REPORT ON THE FINANCES. The Treasurer can not close this, his final report, without expressing his high appreciation of the integrity, loyalty, efficiency, and hearty cooperation of'the officers and clerks with whom he has been associated in the conduct of the affairs of the bureau since July 1, 1905. Vast sums of money mounting up to the billions have been handled in this bureau since that date, and it is gratifying to state that not one cent of the public moneys has been lost. Respectfully, CHAS. H . TREAT, Treasurer of tlie TJnited States, Hon. FRANKLIN MACVEAGH, Secretary of the Treasury. r APPENDIX TO REPORT OF THE TREASURER. K[©. 1 . - - H E V E N U E S A N D 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 1909, A S S H O W N B Y WARRANTS Revenues. Account. Customs Internal revenue Lands Miscellaneous District of Columbia.. Commerce and Labor. Interior, civil Treasury proper Diplomatic Judiciary War Navy Interior, Indians Interior, pensions Agriculture Interest $300,711,933.95 246,212,643.59 7,700,567.78 42,204,956.95 7,357,750.49 Total Premium on Panama Canal loan. Publicdebt Aggregate. ISSUED. Expenditures. Repayments Counter credits from unexpended appro- to appropriations. priations. $26,480,542.87 5,553,252.35 $950,838. 58 162,405.92 $29,395.64 470.61 14,776, 541.75 14,301, 469.85 24,889,395.32 68,310,974.21 3,722,025.49 9,139,215. 66 194,763,655.43 116,315,524.20 15,694, 618.11 161,710,367.25 16,282, 468.23 21,803, 836.46 939, 542.57 1,108, 283.46 1,047, 663.05 2,572, 084.38 57, 591.51 477, 198.63 9,980, 297.38 1,657, 494.56 1,562, 426.92 1,330, 680.50 208, •430.10 74, 417.47 164,658.65 351,373.35 803,241.64 1,330,271.12 44,534.53 48,720.67 6,613,449.34 188,885,326.31 78,751.16 8.47 45,146.08 693,743,887.18 22,129,355.03 198,395,347.47 22,129,355.03 198,395,347.47 604,187,852.76 731,008.21 840,134,239.50 '827,'39i,'776.'66' 1,445,053,100.47 1,521,135,657.18 N o . 2 . — N E T ORDINARY E E V E N U E S AND EXPENDITURES FOR EACH QUARTER OF THE FISCAL Y E A R 1909, Account. First quarter. AS SHOWN BY WARRANTS I S S U E D . Second quarter. Third quarter. Fourth quarter. Total for year. REVENUES. Customs Internal revenue Lands Miscellaneous revenues Total $69,018,868.55 $70,785,265.52 $78,309,759.77 $82,598,040.11 $300,711,933.95 62,221,042.69 66,759,283.01 55,931,980.97 61,300,336.92 246 212 643 59 2,206,361.25 2,205,995.26 1,929,960.80 1,358,250.47 7,700,567. 78 7,659,747.96 12,870,909.97 14,955,245.98 14,076,803.53 49,562,707.44 147,523,076.02 147,410,291.75 149,042,611.51 160,211,873.48 604,187,852. 76 EXPENDITURES. Civil and misceUaneous War Department. Navy Department Interior, Indians Interior, pensions Interest on public debt Total Excess ol expenditures 47,655,904.87 51,910,639.08 27.769,857.83 5,027,372.61 41,668,799.40 5,142,847.77 47,287,962.02' 50,019,936.64 30,698,075.82 4,414,880.28 40,342,841.99 5,650,143.77 41,435,896.84 46,101,327.78 29,190,053.19 2,805,533.83 38,189,924.51 5,790,692.57 183,455,885.73 194,763,655.43 116,315,524.20 15,694,618.11 161,7,10,367.25 21,803,836.46 179,175,421.56 178,413,840.52 172,641,196.38 163,513,428.72 693,743,887.18 31,652,345.54 31,003,648.77 47,076,122.00 46,731,751.93 28,657,537.36 3,446,831.39 41,508,801.35 5,220,152.35 23,598,584.87 3,301,666.24 89,556,034.42 171 172 No. REPORT ON THE FINANCES. 3 . — R E C E I P T S AND EXPENDITURES FOR SERVICE OF T H E POST-OFFICE M E N T FOR THE F I S C A L Y E A R 1909. DEPART- Fiscal year 1909. Balances June 30,1909. Balances June 30,1908. Office. Receipts. Expenditures. $2,066,213.19 $21,770,791. 09 $23,823 218. 27 2,634: 261. 09 2,457,740.37 230,108.87 4,737,235.55 4,388' 831. 07 380,968.91 17,920;464.25 16,079,447.20 2,041,721.11 3,782,690.40 . 3,997;235.99 284,955.98 2,834;186. 74 2,600,642.99 . 330,813.37 35,263;966.68 1,142,625. 70 34,5-46,890.12 7,935;815.19 686,255. 07 7,283 336.56 4,472,203.17 614,938.25 4,247;803. 93 7,641,487.83 771,113. 61 7,148,927. 40 30,522.21 24,611. 43 11,267. 28 277.06 37, Washington Baltimore Boston Chicago Cincinnati New Orleans New York Philadelphia San Francisco.. St. Louis Natiohal bank depositaries. Unavailable items 8,598,258.40 Total Less transfers between offices. Net receipts and expenditures by Treasurj^ offices Receipts and expenditures by postmasters fo iquarter ended— September 30,1908 December 31,1908 March 31,1909 June 30,1909 : Total. 8,598,258.40 104,331,712.56 28,925,000.00 111,290,596.97 28,995,000.00 0 75,406,712.56 82,295,596.97 37,728,365.79 37,855,865.83 37,486,039.62 37,785,166.21 37,728,365. 79 37,855,865.83 37,486,039.62 37,785,166.21 226,262,150.01 233,151,034.42 $13,786. 01 53,588.15 32,564.43 200,704.06 70,410.39 97,269. 62 425,549.14 33,776.44 390,539.01 278,553.18 5,356.50 37,277. 06 1,639,373.99 1,639,373.99 a Including deficiency appropriation of $19,501,062.37. No. 4.—POST-OFFICE W a r r a n t s d r a w n on— Treasurer United States, Washington Assistant Treasurer United States: Baltimore Boston Chicago Cincinnati N e w Orleans N e w Y'ork Philadelphia San Francisco St. LouisTotal DEPARTMENT WARRANTS I S S U E D , P A I D , AND OUTSTANDING FOR THE F I S C A L Y E A R 1909. Number of w a r r a n t s issued. Fiscal y e a r 1909. W a r r a n t s outWarrants outstanding June standing June A m o u n t of w a r - A m o u n t of war30, 1908. 30,1909. r a n t s issued. rants paid. 2,981 $1,178.01 $2,516,567.92 $2,457,745.52 $60,000.4f 34,666 18,238 51,570 34,902 33,619 54,250 27,698 28,376 43,105 96,496.75 • 19,179.59146,826.90 219,778.39 65,628,63 632,654. 72 25,004.73 305,535.05 249,159.26 2,432,589.43 2,856,785.48 17,119,94L73 3,570,984.74 2,746,614. 04 32,406,050.12 7,489,862. 29 2,996,375.96 7,697,638.10 2,494,380. 78 2,852,235.55 17,070,464.25 3,747,172.58 2,733,640.45 32,834,710.83 7,485,839.87 2,947,208.92 7,641,88L37 34,705.40 23,729.52 196,304. 38 43,590.55 78,602. 22 203,994. 01 29,027.15 354,702.09 304 915 99 329,405 1,761,442.03 81,833,409.81 82,265,280.12 1,329,57L72' 173 TREASURER. Wo. 5 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON ALL ACCOUNTS AT THE T R E A S U R Y IN WASHINGTON FOR THE FISCAI, Y E A R Account. 1909. Standard Subsidiary | United Treasury Gold coin. [silver dollars. silver. .States notes.l 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. $28 i $224,090 $41,084 125,747 $2,800 64,420 744,550 99 i 100,000 82 ' 2,000 29,142 136,591,028 $634,243 215,875 771,113 2,821,092 26,228,655 132,940,000 132,757 565,712 812,197 2,914,863 296,609,033 767,000. 45 11,198 1,842 49,867 228,300 124 227,503 120 1,109,936 1,537,703 19,388,465 1,939,404 68,956,778 94,725 1,802 1 372,247 6,210 15,065 1,663,025 17,500,015 7,401 44,321,498 1,456, 685 6,291,461 346,235 132,940,000 767,000 296,369,945 767,000 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 Redemption and destruction. Five per cent fund 2,084 5 48,887 131 90 810,631 4,887 367 5,798 6 925,605 Total. Account. Nationalbank notes. 238,533 331,562 569,384 29,865 1 2,737,270 Gold certifi- S ilver 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. $4,160 $144,379 $7 $151,374 819,700 110,000 1,100 261,576,383 433,413 132^688 25,175 228.033,286 271,715 ' 2,448,727 401,387 4,749 9 13 4,721 2,332,006 342,796 28,370 708,231,642 271,715 2,448,727 401,387 378,299,915 18,194,825 166,810,000 107,539,943 336,860,000 492,406 534,696,581 636,610,000 459,537,007 447,516,168 676,290,713 501,905 1,885,514,598 3,025,090 42,434,690 368,090 97,806,803 675,334 10,480,165 150,098 140,387,369 31 26,121 33 77,542 5,238,327 72,569,984 2,457,745 308,616,595 16,310 6,420 47,260 1,479,570 1,270 26,070,715 9,028,030 3,600,300 8,530 261,892,000 47,405 403,761 446,044 6.634,944 '124,086 87.939,843 6,102,972 97,606,568 89,613 326,796,000 49,146 5,230 1 25,739 215,880 432,283 2,156,331 26,061,533 '132,757 158,679.554 18,194; 825 107,539,943 444,381 811,957,083 411,607,600 445,785,078 677,884,202 $81,237,092 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 deatruction. Five per cent fund Total. 89,562,083 411,607,600 601,169,683 15,479 221,325 6,856 2 427,505 1,926,304,821 174 REPORT ON T H E FINANCES. ]\[o. 6 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON ALL ACCOUNTS AT THE SUBTREASURY IN BALTIMORE FOR THE FISCAL Y E A R 1909. Gold coin. Account. Standard sil- Subsidiary silver. ver dollars. Treasury United States notes. notes. RECEIPTS. $974 1,175 30 7,945 3,240 212,475 Customs Internal revenue Miscellaneous Disbursing officers Post-Office Department Transfers Standard silver dollars Subsidiary silver Minor coin Gold certificates Redemption and exchange Issues $20 8 5 1,481,501 $692 34 232 95 49 37,785 1,566 Total $1,038,730 1,030 53,628 364,717 155,915 6,660,626 $100 30 2 1 1,871 112,982 13,620 3 1,400,000 1,532,198 842,650 2,746,760 2,976,059 10,467 3,159,537 2,324,184 2,785,647 11,377,307 12,474 2,600 62 1 44,550 382 16,297 453 551,958 1,299,940 3,796,572 514,433 2,510,000 12,000 1,600 44 1,151,240 533,064 39 931,900 561,600 178,021 50 722,700 6,050 1,112,400 1,063,8.59 9,448 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 Minor coin Total. Account. . '.. 59,770 1,246,000 4 1,963,934 2,461,214 2,008,547 Nationalbank notes. Gold certificates. 2,773,808 Total 11,464,547 Silver cer- Minor coin. tificates. 12,000 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 50,000 1,000 378,145 $11,490 24,828 1,204,900 424,070 6,528,517 1,700 232,905 9,470 $2,467,470 4,660 53,390 752,250 166,640 17,417,560 147,550 19,580 $195,540 19,073 • 52,642 511,888 202,199 7,529,344 44,05© 118,665 16,395 $43 2 29 15 . 6 39,777 845,775 $3,703,569 37,494 184,789 2,841,816 952,119 39,909,456 45,750 613,60559,065 1,400,000 41,427,472 11,640,000 1,164,640 23,387.000 11,640,000 7,921,923 9,602,520 56,056,100 16,611,719 . 243,300 1,985,675 844,190 6,241,205 5,183,690 8,638,545 955,33016,484,510 321,440 2,875,989 179,936 6,918,495 31 1,520 37 52,750 7,048,783 17,317,260 2,494,380 32,875,238 6,468 657,710 112,130 1,000 •575 2,932,197 844,980 2,746,790 2,976,059 10,467 1,164,640 23,387,000 7,921,923 845,935 885,647 102,815,135 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 Minorcoin Total 207,410 2,200,810 181,220 1,314,850 7,000 95,945 21,228,070 23,900 336,075 19,000 5,646,891 35,720 9,624,725 56,547,000 16,774,779 226,896 980 225,740 282,330 108,173 899,032 102,565,652 175 TEEASUEEE. N o . 7 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON ALL ACCOUNTS AT THE SUBTREASURY IN N E W Y O R K FOR THE FISCAL Y E A R 1909. Account. Gold coin. Standard silver dollars. Subsidiary silver. United Treasury States notes. notes. RECEIPTS. $1,172,667 Customs ' Internal revenue Miscellaneous Disbursing officers Post-Office Department Transfers Standard silver dollars Subsidiary silver Minor coin Gold certificates Redemption and exchange Issues Special customs deposit Gold bars 46,250 20,900 659,199 30,000 20,160,650 Total $59,524 $395 $28,329,691 20,502 400 9,997 133 55,439 9,542. 80,887 11,655 588,379 468,619 81,513,618 3,000 291,992 93,065 21,550,856 54,552,270 122 18,147 3,595,592 21,989,666 3,686,015 21,700,374 165,867,436 472,216 14,469 1,912 136,671 39,580 19,419,871 12,000 267,700 6,825,613 49,183,045 $108,714 97,958 206,672 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.. 208,745 460 429,000 Total 78,132,368 10,000 14,500 . 1,904,200 79,055,684 2,206,269 Nationalbank notes. Account. 5,400 3,655,920 44,119,872 713,700 7,963,242 1,885,922 7,471,000 67,000 i24 45,358,048 21,183,564 165,648,416 Minor coin. 208,745 Gold certificates. Silver certificates. $153,506,235 $17,115,405 $12 $200,183,929 34,837,666 36,611,190 12,472,580 416,552,104 55,900 8,476,125 1,226,615 94,364 267,994 193,841 78,965,360 380,785 2,249 2,570 14 38 37 15,444 34,943,166 37,888,842 13,438,919 585,773,853 436,685 8,773,366 1,322,250 30,000 447,837,457 54,530,000 380,798,619 36,358,926 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 Special customs deposit Gold bars $299,050 273,000 7,968,530 . -. 1,025,400 215,828,640 54,530,000 380,228,680 36,358,926 9,665,980 1,350,683,995 Total 127,878,179 3,147,912 551,638 32 225,452,325 3,163,489 1,802,315,952 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 . ... 85,000 2,290,775 2,271,570 743,918,331 183,781 9,638,323 97 14,839 2,581,940 775,905,495 . 7,186,870 109,880,270 95,496,098 799,755 269,860,096 5 20,203,429 3,594,056 21,529,857 54,601,616 100,014 1,025,400 •215,918,260 127,884,338 " '3,153,90'6 362,705,068 20,202,964 1,572,000 53,000 128,215,340 28,703,000 317,345,750 9,562,646 1,352,162,225 3,594,656 21,529,857 4,386,000 100,014 74,900 87,585,127 3,153,144 1,133 433,424 126,800 1,592,810 325,089 762 13 225,742,433 3,293,594 1,859,063,476 176 REPORT ON T H E FINANCES. N o , § . — R E C E I P T S AND DISBURSEMENTS OF E A C H K I N D OF M O N E Y ON ALL ACCOUNTS AT THE SUBTREASURY IN PHILADELPHIA FOR THE FISCAL Y E A R 1909. Gold coin. Account. Standard sil- Subsidiary silver. ver dollars. United Treasury States notes. notes. RECEIPTS. $49,057 15 5,837 53,070 47,150 281,547 Customs Internalrevenue Miscellaneous Disbursing officers Post-OfficeDepartment Transfers Standard silver dollars Subsidiary silver Minor coin Gold certificates.. . Redemption and exchange Issues Total. $6,735 $599 $3,088,495 $964 64 13,488 8,205 518 633 9,002 10,055 12,462 86,980 494,852 398,394 9,198,499 1,176 5,624 4,776 3,071 3 302,745 52,610 332 25 6,300 450 5,170,000 3,335,680 2,594,168 6,950,945 10,343,794 14,748 8,949,106 2,623,178 6,983,699 23,966,369 30,716 554 87,732 10,450 2,605,065 2,360,185 5,246,549 1,111,011 7,769,000 31,000 4,595 •25,443 944 566,762 2,037 1,442,086 1,717,160 238,371 150 220,000 13,500 851,028 5,985,720 8,350 24,068,243 DISBURSEMENTS. Warrants and checks Disbursing officers Post-OfficeDepartment 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. 390,202 1,822,889 90,000 195 5,500 350,000 3,045,060 555 . . 904,500 133 1,645,580 98,300 1,321,741 7,448,281 2,226,374 6,701,349 Nationalbank notes. Gold certificates. Silver certificates. $13,579,766 460 257,323 1,456,222 2,573,938 48,752,957 850 1,379,981 204,938 $837,024 $58,894 1,863,428 809,385 4,260,942 306,000 67,900 129,000 Minor coin. 31,000 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. 431,060 81,865 $52 $17,562,692 475 486,036 139 5,268,265 208 4,729,506 97,334,971 5,731 929,075 2,666,012 419,345 5,170,000 1,123,565 132,611,017 46,510,000 ei 75,068 1,372,440 877,395 34,819,244 928,225 545,591 79,457 • 1,618,621 79,476,840 46,510,000 27,152,656 9,124,195 194,193,276 66,687,100 1,129,756 313,687,394 614,100 4,046,410 140,280 3,812,000 15,340,190 21,952,860 5,329,110 63,288,000 1,931,467 8,926,746 804,950 25,660,000 43 6,561 38 500,574 20,636,741 42,089,747 7,485,839 104,570,139 434,134 8,914,655 118,590 2,192,831 686,780 3,100 2,436,967 3,119,747 24,100 5,235 35 37,776 75,437,666 1,980,900 •349,209 97,666 23,378,000 609,633 79,572 706 176,535 274,100 105,644 27 9,144,680 2,600,168 6,948,684 10,387,994 14,748 1,618,621 79,476,840 27,190,856 1,125,796 9,084,700 195,593,225 66,988,610 1,149,070 313,290,852 DISBURSEMENTS. Warrants and checks Disbursing officers Post-OfficeDepartment 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 177 TREASURER. ]Vo. 9 . - R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF MONEY ON ALL ACCOUNTS AT THE SUBTREASURY IN BOSTON FOR THE FISCAL Y E A R Gold coin. Account. Standard sil- Subsidiary silver. ver dollars. 1909. 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 . Special customs deposit Total ' $63,088 $25,684 $3,444 $1,855,559 $172 340 1,500 9,373 351,347 34 4 4,152 1,191 419 369 32,971 83,697 492,510 668,756 9,793,499 647 815 540 20,774 1,500 974,920 755,770 2,214,065 815 1,400,568 785,644 2,253,274 22,110,541 28,882 1,987,200 398 20,491 361 1,662,584 854,700 3,894,846 . 225,599 10,545,000 29,600 1,207,600 5 10 168,067 5,392 2,750 1,000 84,262 582 166, 295 270,411 98,716 1,451,053 2,155,277 2,313,242 152,400 1,000 9,063,120 4,434 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...' 39,216 20,100 106,407 44,660 32,985 80 . • Total National- Gold certifi- Silver certifibank notes. cates. cates. Account. 126,650. 5,840,905 37,500 295,300 29,220 21,849,720 Minor coin. 29,600 Total. RECEIPTS. Customs.... ^ Internal revenue Miscellaneous Disbursing officer . . . Post-Office Department Transfers Standard silver dollars Subsidiary silver Minor coin . Redemption and exchange Special customs deposit $24,760,514 $961,612 $53,730 250,470 560,600 1,864,077 286,143 3,522,960 2,572,015 37,929,308 657,910 142,707 290,636 613,240 3,010 3,086,340 20,209,520 102,576 552,030 559,119 13,791,698 483,800 160,550 10,663 15,902,654 8,157 588,490 117 528,424 4,820,780 4,370,791 63,788,632 485,300 1,584,100 157,380 32,880,429 20,218,609 • 3,820,130 92,983,050 32y532,859 589,777 156,504,725 807,455 4,000 1,919,545 11,491,980 50,797,720 2,586,480 16,263,000 60,380 2,913,259 35,750 18,029,024 48 1,702 45 201,207 12,446,-722 58,455,573 2,852,235 50,743,567 4,768 975,420 752,570 2,210,585 9,047,620 4,434 290,636 3,075,840 15,870,354 587,030 •. Total $207 $27,670,280 66 72 19 806 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. .. 920,600 . ... 13518—FI 1909- -12 885,155 1,111,570 2,963,200 3,100 749,820 86,210 81,695 1,420 228,170 1,382,100 4,618,770 308,710 5,000 10,619,810 20,930 3,845,745 92,447,230 32,601,878 44,573 672 124,341 173,219 68,266 618,841 157.312. .586 178 REPORT ON T H E FINANCES. IVo. 1 0 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON. ALL ACCOUNTS AT THE SUBTREASURY IN CINCINNATI FOR THE FISCAL Y E A R 1909. Account. Gold coin. Standard sil- Subsidiary silver. ver dollars. $5,000 $30 2 71 80 13 24,169 United Treasury States notes. 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. 15,000 802,600 $103,700 3,000 491,100 39,500 5,160,400 88,700 2,000 Total 110,000 992,745 $2,971,280 2,888,430 644,900 1,925,345 2,971,280 2,912,795 6,533,300 320 188,609 2,100 66,760 40 1,647 4,013 1,440 2,339,068 275,200 2,061,945 838,000 2,587,000 DISBURSEMENTS. Warrants and checks Disbursing officers : Post-Office Department Transfers Redemption and exchange: Gold coin Standard silver dollars Subsidiary silver United States n o t e s . . . : Treasury notes of 1890 National-bank notes Gold certificates Silver certificates.. .• Minor coin Total Account. . . 2,384,030 3,000 46 60,000 304,160 141,400 3,000 5,000 10,000 94,010 25,200 545,780 7,000 25,500 136,000 47,095 268,779 2,478,080 2,917,194 6,483,300 Nationalbank notes. Gold certificates. Silver certificates. Minor coin. Total. 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 $160,964 373 54,599 170,852 57,097 8,401,819 2,358,530 150,690 122,025 $693,600 $4 $863,198 1,775 302,276 7,215,040 2,136,110 37,495,504 2,358,530 2,137,390 169,025 110,000 12,973,720 630,000 $1,400 126,600 5,253,000 1,899,500 10,727,500 118,000 1,285,000 140,000 • 12,378,300 1,860,000 43,000 38,000 2,000 7,000 802,000 630,000 4,176,065 49i,366 19,918,000 15,986,800 15,653,014 492,034 66,392,568 607,965 5,223,085 1,070,000 12,394,000 444,950 6,556,340 1,175,900 2,775,000 204,543 1,266,739 659,573 7,063,000 125 3,017 159 250,799 • 1,434,750 15,303,788 3,747,172 29,849,647 16,000 100,704 2,720,780 1,423,080 219,200 104 352,030 23,000 922,890 283,000 825,770 252,800 2,000 149,500 41,420 727,000 1,260,800 96i350 7,000 1,701,398 307,365 10,300 267,072 7,000 802,000 4,164,660 492,230 19,779,000 15,320,800 15,673,382 531,576 63,462,111 "6 8 716 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 5 1,102,744 3,003,780 2,905,040 639,400 179 TREASURER. No. 1 1 . — R E C E I P T S AND D I S B U R S E M E N T S OF EACH K I N D OF M O N E Y ON ALL ACCOUNTS AT THE SUBTREASURY IN CHICAGO FOR THE FISCAL Y E A R 1909. Account. Gold coin. . Standard • silver dollars. Subsidiary silver. United States notes. Treasury notes. RECEIPTS. Customs I n t e r n a l revenue Miscellaneous Disbursing officers Post-Oifice D e p a r t m e n t Transfers S t a n d a r d silver doUars Subsidiary silver Minor coin Gold certificates R e d e m p t i o n a n d exchange Issues $1,935 $198,000 $80,000 179,083 2,934,416 2,756,739 13,574,705 $50 2,400 815 2,015 79,130 4,571,395 606,205 Total 18,072,177 $5,956,442 6,400,673 15,618,072 50,280 18,270,177 5,956,442 6,480,673 40,242,550 134,690 6,664,113 6,076,710 3,557,065 2,434,325 15,311,000 137,000 420,109 1,110 104,000 5,671,410 . 6,511,240 DISBURSEMENTS. - W a r r a n t s a n d checks Disbursing officers ^ Post-Office D e p a r t m e n t Transfers R e d e m p t i o n a n d exchange: Gold coin S t a n d a r d silver dollars Subsidiary silver U n i t e d States notes Treasury notes of 1890 N a t i o n a l - b a n k notes Gold certificates Silver certificates Minor coin 325,000 2,285,000 120,000 1,723,452 '. 4,694,966 50,000 3,885 Total 2,631,600 20 630,142 1,487 102,000 760,480 7,138,957 4,725,042 7,085,709 40,529,340 Nationalb a n k notes. Account. 137,000 Gold certfficates. Silver cer- Minorcoin. tificates. $9,383,050 18,280 1,823,820 54,046,650 5,589,230 160,724,510 $5,978 161 147,291 3,724,735 2,871,158 27,051,992 4,029,275 $140 2 131 144 65 126,747 $9,391,103 18,443 2,153,345 61,417,355 11,914,462 202,699,424 4,108,405 6,426,080 •722,180 15 19/239,500 4,470,000 28,555,139 789,801 94,682,099 4,470,000 4,320,565 255,295,040 66,385,729 917,030 398,002,896 2,910,260 787,995 2,210 619,000 99,702,910 76,208,470 12,622,780 12,483,500 5,583,374 3,541,859 1,890,999 31,563,000 239 150 150 798,345 114,598,493 86,380,539 17,070,464 73,394,310 17,887,290 77,000 188,000 8,133,180 20,400 141 16,569,300 10,521,950 3,000 3,636 5,776,022 522,243 237,548 29,880 15 500 17,209,457 24,418 17,942,177 5,957,022 6,381,653 15,587,372 50,280 15 19,201,400 28,466,239 787,901 254,417,780 66,382,951 Total. RECEIPTS. Customs Internal revenue Miscellaneous Disbursing officers Post-Office D e p a r t m e n t . . Transfers S t a n d a r d silver dollars Subsidiary silver Minor coin Gold certificates R e d e m p t i o n a n d exchange Issues . $2,970 709,010 696,455 941,455 1,854,685 115,975 Total DISBURSEMENTS. W a r r a n t s a n d checks Disbursing officers Post-Office D e p a r t m e n t Transfers R e d e m p t i o n a n d exchange: Gold coin . . . S t a n d a r d silver dollars Subsidiary silver U n i t e d States notes T r e a s u r y notes of 1890 N a t i o n a l - b a n k notes Gold certificates Silver certificates Minor coin Total . ..... 4,319,465 281,410 i,i83 3 1,081,621 .•^^ys. 8 1 7 . 8 ^ 5 1 180 REPORT ON T H E EINANCES. IVo. 1 2 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF MONEY ON ALL ACCOUNTS AT THE SUBTREASURY IN S T . L O U I S FOR THE FISCAL Y E A R 1909. Gold coin. Account. Standard . silver dollars. United States notes. Subsidiary silver. Treasury notes. RECEIPTS. Internal revenue Miscellaneous . Disbursing officers. Post-Office Department Transfers. Standard silver dollars . Subsidiary silver Minor coin Gold certificates Redemption and exchange Issues : $174,277 $44 $15 $60,548 33,380 123,614 248,244 2,236,015 29 4,256 6,663 67 7 567 805 1,027,009 3,101 898,423 373,996 7,683,625 $9,666 7,150 4,000 33,600 4,509.355 300,635 Total 2,110,000 2,452,000 2,718,820 5,327,242 3,444,316 2,666 7,377,530 2,728,869 6,355,645 17,273,999 1 56,350 163,735 352,580 44,050 83,329 832 701 887 1,491,054 89 58 ' 36 5,095,770 296,155 3,851,544 1,200,714 6,625,101 55,856 1,299,381 3,581,467 1,758,380 DISBURSEMENTS. Warrau'ts and checks Disbursing officers Post-OfficeDepartment 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 . . . . . ;. . . . 284,800 380,000 360 650,652 13,626 5,000 361,638 1,308,494 Total Account. 2,144,486 Nationalbanknotes. Gold certificates. $1,879,730 630,190 28,239,790 $1,801,100 500 220,435 2,912,220 645,605 42,004,900 401,790 11,080 22,450 3,990 •13,020 6,413,354 17,674,999 1 55,850 Silver certificates. Minorcoin. $267,602 $161 119,908 2,287,816 784,193 10,612,829 1,450,650 i47 . 2,563 1,816 150,972 2,409,800 3,340,000 6,296,608 472,663 31,175,600 53,361,000 21,819,606 628,262 1 140,776,861 302,000 3,582,215 768,730 25,851,500 3,200,600 26,611,600 5,315,520 11,462,000 168,554 1,527,814 311,783 12,073,407 217 150 161 371,058 1,482,870 4,322,200 86,750 206,050 93,000 2,604,210 94,785 2,017,300 76,000 5,980 7,500 5,569,956 32,082,100 63,397,000 22,265,774 Total. RECEIPTS. Customs Internal revenue Miscellaneous Disbursing officers Post-OfficeDepartment Transfers Standard silver dollars Subsidiary silver Minor coin Gold certificates ' Redemption and exchange Issues Total . . $2,303,747 500 377,007 8,118,789 2,697,662 91,959,197 1,484,250 4,933,595 315,705 2,110,000 23,136,409 3,340,000 DISBURSEMENTS. Warrants and checks Disbursing officers.. . Post-Office Department Transfers Redemption and exchange: Gold coin. Standard silver dollars Subsidiary silver United States notes Treasury notes of 1890 National-bank notes Gold certificates Silver certificates Minor coin Total "5 293,004 550 2,000 * is 4,132,182 35,926,662 7,641,881 63,109,069 4,607,000 • 2,691,320 5,270,392 3,444,315 2,000 13,020 2,409,800 6,296,608 462 418 664,610 1 136,006,667 181 TEEASUREE. No. 1 3 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON ALL ACCOUNTS AT THE SUBTREASURY IN N E W ORLEANS FOR THE FISCAL Y E A R 1909. Gold coin. Account. RECEIPTS. Customs Internal revenue...'. Miscellaneous Disbursing 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 c e r t i f i c a t e s . . . . R e d e m p t i o n a n d exchange I s s u e s . . . Total $10,530 • 387 775 785 43,085 Standard silver dollars. . Subsidiary silver. United States notes. Treasury notes. $2,763 $553 $861,765 $2,665 5,382 4,211 15,582 87,227 3,196 669 6,503 35,773 66,812 649,746 247,401 4,065,341 200 345,819 7,010 2,752 354 2,780 3,825 291 1,040 160 555,104 2,053,000 2,845,940 1,566,600 12,225 610,666 2,168,165 2,892,834 7,810,494 25,992 139,270 3,500 16,591 1,008 126,267 1,100 1,670,500 69 457,775 128 2,871,827 1,168,306 1,847,025 476,130 2,118,000 26,000 4 30,952 48,000 767,960 1,423,050 '' . DISBURSEMENTS. W a r r a n t s a n d checks . Disbursing officers Post-OfficeDepartment Transfers R e d e m p t i o n a n d exchange: Gold coin S t a n d a r d silver dollars S u b s i d i a r y silver U n i t e d States notes T r e a s u r y n6tes of 1890 N a t i o n a l - b a n k notes Gold c e r t i f i c a t e s . . . Silver certificates Minor coin Total 281 4,000 2,000 ... 67,500 227,142 . Account. RECEIPTS. Customs .°. Internal revenue Miscellaneous Disbursing 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 R e d e m p t i o n a n d exchange". Issues Total 160 20,300 34,165 71,000 1,869,875 NationalGold certffib a n k notes. cates. 3,335,803 7,934,048 Silver certificates. Minor coin. 26,000 Total. $5,717,120 $87,125 $367 $6,682,788 $50,630 887,690 321,690 5,042,495 93,130 1,794,660 589,420 10,962,910 2,402 2,121 4,023 10,732 1,059,510 10,310 1,463,800 15,030 16,466 63,704 .80,670 4,484,373 1,615,709 450,246 71,070 241,157 3,403,930 • 1,268,854 24,735,761 1,616,000 3,320,615 103,580 1,186,250 50,000 4,701,076 121,480 13,041,675 50,000 7,372,325 21,872,320 11,570,439 141,125 54,464,360 1,390,742 1,118,161 360,677 3,799,000 2,461,993 7,046,690 1,856,763 8,084,000 66,008 1,087,540 35,206 5,188,000 140 71,845 136 106,550 5,088,266 11,894,573 2,733,640 23,880,468 510,794 932,500 493,270 84,950 2,900 13,064 1,053,000 15,350 7,000 9,325 7 24,000 1,569,860 46,100 555,102 2,057,500 2,850,440 1,563,100 12,225 1,000 5,000 78,585 1,115,990 758,720 8,540 2,500 3,837,406 170 8,393,125 23,357,110 11,314,569 DISBURSEMENTS. W a r r a n t s a n d checks Disbursing officers Post-Office D e p a r t m e n t Transfers .. R e d e m p t i o n a n d exchange: Gold c o i n . . . . S t a n d a r d silver dollars S u b s i d i a r y silver IJnited States notes T r e a s u r y notes of 1890 N a t i o n a l - b a n k notes Gold certificates Silver certificates Minor coin Total 1,187,150 4,692,426 121,460 178,678 56,636,350 182 REPORT ON T H E FINANCES. N o . 1 4 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON ALL A C COUNTS AT THE SUBTREASURY IN SAN FRANCISCO FOR THE FISCAL Y E A R 1909. 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 Subsidiary silver Minor coin Gold certificates Rederaption and exchange . . . $6,389,955 $7,466 $8,286 $11,287 $161 471,071 1,298,331 4,049,061 45,817,251 127,800 3,125,975 122,375 3,740,000 4,027,415 1,093 11,821 40,657 27,015 40,672 53,089 54,628 58,116 2,580 824 10,606 202,739 111 247 1,229,769 2,577,684 5,000 3,488,560 386 285 72,657,794 1,318,207 2,792,760 671,740 790 128,890 703 3,166,414 • 15 ISSUPS Special customs deposit Total 233,036 ' 534 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 3,697,605 51,846,045 2,946,495 • 2,206,846 '. •... 67,444,786 Nationalbank notes. Account. 2,000 5,000 131,700 500 1,175,042 2,562,684 5,000 2,902,500 15,500 87,069 Total 129,800 . ' 802,040 Gold certificates. 3,296,797 136,700 Silver certificates. Minor com. 2,000 Total. RECEIPTS. Customs . Internal revenue Miscellaneous Disbursing officers Post-Office Department Transfers Standard silver dollars Subsidiary silver Minor coin Gold certificates ' "Redeniption and exchange Issues Special customs deposit -. . $42,635 22,910 32,010 1,724,707 1,822,262 Total. $116,040 $16,316 11,940 11,320 28,260 4,660,580 1,609 831 25,407 373,798 204 197 3,814 26,053 2,902,500 3,740,000 15,500 87,069 35 571,819 1,399,323 4,244,554 52,890,506 127,800 3,125,975 122,375 3,740,000 10,844,937 3,740,000 3,489,266 11,470,640 433,461 117,767 90,846,461 $395 $6,549,906 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 certfficates Silver certfficates Minor coin Total 10,588 105,000 4,583,000 299,000 845,795 6,756,920 32,500 24,727 12 3,698,407 22,095 52,679,358 10 2,947,208 118,270 10,615,330 7,767,415 1,199,769 2,562,684 5,000 2,902,500 15,500 87,069 .950,795 11,339,920 366,816 140,387 84,480,240 183 TREASUBEB. N o . 1 5 . — T O T A L RECEIPTS AND DISBURSEMENTS OP EACH K I N D OF MONEY ON ALL ACCOUNTS AT THE T R E A S U R Y OFFICES FOR THE FISCAL Y E A R sil- Subsidiary Gold coin. Standard silver. ver dollars. Account. 1909. United Treasury States notes. notes. RECEIPTS. Customs Internal revenue Miscellaneous Disbursing officers. Post-Office Department Transfers Standard silver dollars Subsidiary silver Minor coin Gold certificates Redemption and exchange Special customs deposit Issues Gold bars Total : ^ ... $7,865,548 1,190 735,135 1,546,485 4,378,753 50,627,266 127,800 3,133,775 122,825 12,560,000 52,318,764 3,488,560 $102,236 47,694 54,287 70,507 1,610,467 $14,042 $35,354,510 36 1,030 110,555 1,235,086 119,459 7,014,967 82,046 5,121,926 1,418,314 274,444,080 $3,962 30 4,642 18,794 16,172 778 760 114,521 1,375 186 3,203 10,375,388 1,076,145 23,488,604 386 66,323,687 1,222 124,442,786 18,147 132,940,000 324,869 136,906,101 25,374,181 58,072,564 592,024,065 1,263,310 4,616,123 57,140,507 3,206,145 4,315,012 1,840 815,121 1,988 13,202,534 6,965 1,079,430 13,691 32,892,348 13,908,479 63,063,882 8,739,616 165,609,924 502,196 384,536 1,180,542 2,912,684 4,719,057 635 90 89,028,779 138,716 87,069 2,584 498 105,266 29,995 5,945 6,933,745 2,658 3,598,563 11,111,997 2,978,162 201 124 1,172,672 186,615 14,078,100 84,344,441 25,199 44,385,498 1,875,845 14,384,961 2,085,978 45,358,048 132,940,000 767,000 58,758,090 592,159,258 1,269,196 DISBURSEMENTS. Warrants and checks Disbursing officers Post-Office Department Transfers Redemption and exchange: Gold coin .. Standard silver dollars Subsidiary silver United States notes Treavsury notes of 1890 National-bank notes Gold certificates Silver certificates Minor coin Clearing-house balances.. Redemption and destruction Total 167,729,895 Account. 5,531 367 20,308 6,803,752 20,854,523 National- Gold certifi- Silver certifi- Minor coin. bank notes. cates. cates. Total. RECEIPTS. Customs *.. Internal revenue Miscellaneous Disbursing officers Post-Office Department Transfers...: Standard silver dollars Subsidiary silver Minor coin... Gold certificates Redemption and exchange. Special customs deposit Issues Gold bars Total- $211,928,955 $12,890 23,900 360,287 38,520,881 12,370,188 102,502,472 5,646,900 24,778,788 148,535,105 1,012,959,512 1,700 56,760 6,497,860 12,141,146 414,407 1,475,163 $19,791,945 19,607 1,097,876 9,084,978 5,676,254 414,063,743 11,562,739 3,876,718 703,567 366,513,695 400,438,200 291,720,000 36,358,926 330,139,743 559,795 336,860,000 382,419,247 556,258,584 2,499,418,388 1,133,436,965 $1,388 $275; 062,586 4 58,687 42, 119,965 7,809 132, 716,936 5,306 10,001 45, 781,347 381,699 1,904, 818,946 11, 863,510 029,465 36; 792,292 12; 560,000 ;, 160,401 1,344; 131,796 184 404; 506,494 761, 520,000 36; 358,926' 8,566,792 5,011,320,950 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 Redemption and destruction. Five per cent fund Total- 6,053,367 19,841,771 3,190,087 61,928,120 143,122,973 984,165,246 30,209,973 343,749,083 9,194,881 42,269,022 4,068,295 342,677,393 983 176,904,611 148,000 1,168,522,979 769 49,430,564 3,276,850 968,153,459 •861,795 24,000 4,931,459 69,100 62,016,433 1,685,480 6,379,601 15,265,480 30,770 26,123,715 255,720,130 51,544,340 1,116,394 317,345,750 261,892,000 203,777 20,021,053 27,254,661 11,592,037 265,305 88,014,758 6,241,472 253,154,613 4,240,993 1,133 326,796,000 59,981 5,265 6 1,384,618 2,358 668,895 2,554,084 882,283 809 13 7,000 3,000 165,920 576,681 89,562,083 411,607,600 598,811,983 2,500,367,368 1,135,995,393 64,807,044 23,133,448 55,562,456 124,314,009 326,925 162,798,886 366,555,615 330,042,747 8,108,125 362,705,068 811,957,083 411,607,600 8,984,914 5,084,930,619 184 REPORT ON T H E FINANCES. Wo. 1 6 . — A S S E T S AND LIABILITIES OF THE TREASURY OFFICES J U N E 30, 1909. Washington. Baltimore. New York. Philadelphia. Boston. ASSETS. 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 Bonds and interest paid $9,464,073.16" $11,683,935.76 $128,935,256.00 156,573,378.00 4,065,897.00 78,268,786.00 501,914.75 4.079,014.90 1,605,466.74 2,824,426.00 160,316.00 935,372.00 479.00 5,797.00 68,155.00 66,495.00 20,645,203.88 481,070.00 15,758,940.00 2,244,920.00 681,754.00 2,185,270.00 75,746.00 354,318.89 33,35L37 176,167.20 34.00 87.25 40,250.85 Total cash assets Unavailable. Transfer account 195,718,904.98 Afferegate 264,860,079.02 $9,404,755.00 $14,949,798.10 5,702,250.00 775,855.00 1,394,057.69 682,517.25 71,29L00 415,650.00 402.00 318.00 74,921.00 13,056.00 970,890.00 1,705,070.00 216,989.00 274,600.00 285,399.83 134,118.07 29.02 854. 70 sii 66 17,070,952.13 229,096,017.64 18,121,839.24 18,951,796.42 3,000.00 17,070,952.13 229,096,017.64 18,121,839.24 18,954,796.42 105,758.87 1,106,804.35 2,233,584.13 25,357,694.91 100,84L74 2,688,807.20 324,397.76 2,143,083.95 18,882.75 221,555.13 4,749.29 8,834.91 69,141,174.04 LIABILITIES. Outstanding warrants and checks 82,301.33 Disbursing officers' balances 3,922,970.36 Post-Office Department ac046,214.40 count Bank note 5 per cent redemption fund 24,540,250.49 Other deposit and redemp2,750,325.95 tion accounts 13,545.60 2,766,527.00 221,179.59 334,644.70 Total agency account. 31,249,633.73 Balance to credit of mints and assay offices Balance transfer account... Balance general account 233,610,445.29 1,244,991.57 30,579,36L17 3,015,577.82 2,810,96L32 3,409,595.03 12,416,365.53 9,289,767.05 37,561,438.92 151,665,450.50 304,07L46 1,636,037.83 13,166,152.13 4,618,983.83 11,524,85L27 264,860,079.02 17,070,952.13 229,096,017.64 18,121,839.24 18,954,796.42 Cincinnati. Chicago. St. Louis. New Orleans. San Francisco. Aggregate ASSETS. 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 Bonds and interest paid $12,610,256.64 $67,518,027.55 6,680,017.00 3,075,150.00 2,271,164.00 1,221,071.00 612,645.00 171,000.00 1,670.00 ' 27,915.00 800,000.00 1,165,000.00 5,012,970.00 153,807.00 454,955.00 37,543.94 91,594.66 $20,611,305.00. $8,583,053.68 $11,327,582.95 5,700,450.00 10,093,692.00 27,681,18L00 1,933,841.00 1,129,003.45 837,983.80 299,500.00 18,643.00 99,460.00 500.00 1,948.00 471.00 628,500.00 42,100.00 876,522.00 4,100,000.00 2,465,950.00 143,760.00 287,967.00 428,303.00 86,581.00 26,625.37 18,890.09 15,346.45 16.46 124.80 3.75 2,977.35 201.75 2,644.05 19,288,081.05 82,619,55L54 173,000.00 33,588,813.17 61,500.00 22,781,586.97^ 41,071,882.01 701,851.34 19,288,081.05 82,792,551.54 33,650,313.17 23,483,438.31 275,222.33 772,077.89 2,172,654.84 6,986,44L69 604,778.54 1,806,476.35 26,819.84 4,399.68 o 26,362.81 18,667.40 49,345.03 1,082,840.01 145,291.09 • 45,608. 67 70,287.19 Total agency account. 1,123,465.09 10,246,336.22 Balance to credit of mints 316,825.88 and assay offices 4,837,339.32 3,302,303.00 Balance transfer account 14,862,312.96 67,392,050.12 Balance general account Aggregate.. 19,288,08L05 82,792,551.54 2,530,183.17 1,457,204.43 5,014,227.04 Total cash assets Unavailable.. Aggregate. . 41,071,882.01 LIABILITIES. Outstanding warrants and checks Disbursing officers' balances Post-Office Department account Other deposit and redemption accounts a Overdraft. 282,275.50 1,099,657.21 1,110,652.86 "3,808,445.72 35,836.92 44,589.92 7,012,482.47 24,063,057.61 11,899,96 3,884,143.62 1,888,469. 21 4,874,524.43 20,125,864.71 27,298,987.02 33,650,313.17 23,483,438.31 41,071,882.01 185 TREASURER. No. 1 7 . — A S S E T S , OF THE TREASURY I N THE CUSTODY OF MINTS AND ASSAY OFFICES J U N E 30, 1909. Boise City. Carson City. Charlotte. Dahlonega. Deadwood. BULLION FUND- Gold coin Gold bullion Standard silver dollars Subsidary silver coin Silver bullion United States notes Gold certificates Minor coin Balance in subtreasuries and national banks $37,63.0,40 552.66 Total available... Unavailable Aggregate $55,350.97 68,879.26 $28,472.86 3,970.00 1,489.16 .75 .07 31,380.30 199,208.12 $24,851.94 62,921.78 69,613.45 328,897.58 75,549.75 24,851.94 32,000.00 $27,950.03 91,394.64 69,613.45 404,447.33 56,851.94 27,950.03 Denver. . Helena. Salt Lake City. Seattle. 91,394.64 St. Louis. BULLION FUND. • $363,018,870.00 Gold coin Gold bullion 4,974,794.29 Standard silver- dollars Subsidiary silver coin 4,517,393.00 119,463.38 Silver bullion United States notes . . . 11,630.00 Gold certificates 196.94 Minor coin Balance in subtreasuries and national banks <> $86,262.73 $76,711.92 $2,594,091.64 $52,107.82 18.71 196,918.13 231,363.72 1,716,579.62 44,589.92 Total available Unavailable.. 372,642,347.61 283,180.86 308,075.64 4,310,671.26 96,716.45 Aggregate 372,642,347. 61 283,180.86 308,075.64 4,310,671.26 96,716.45 Philadelphia. San Francisco. New Orleans. New York. Total. BULLION FUND. Gold coin . . . $309,873,177.00 Gold bullion 16,671,110.89 106,693,926.00 Standard silver dollars 2,223,189.70 Subsidiary silver coin 2,980,839.49 Silver bullion United States notes 19,020.00 Gold certificates .04 Minor coin Balance in subtreasuries and .186,390.30 national banks $5,837,480.00 $1,670,926.21 31,818,224.15 2,759,100.66 61,403,588.00 29,574,649.00 564,403.61 4, 111, 685.00 55,242.85 898,776.66 13,021.00 .85 7,805,370.47 11,899.96 $98.60 $680,455,902.78 7,967,658.78 67,135,095.40 197,672,163.00 11,420,641.31 4,242,393.06 i86,562. si 4,173.00 17,746.00 30,650.00 198.80 .is 3,538,917.88 14,050,392.14 438,647,653.42 108,327,842.89 38,196,525.53 11,697,411.22 975,025,182.49 13,543.82 562,601.56 413,557.96 77.93 2,751.43 2,673.50 Total available Unavailable Loss on recoinage Aggregate bullion fund.. 438,661,275.17 108,744,074.35 38,196,525.53 11,697,411.22 975,590,535.48 MINOR COIN AND METAL FUND. • Gold coin Gold certificates.. Silver certificates Minor coin Aggregate assets ... 160,000.00 1,433,738.67 25,260.00 25,260.00 160,000.00 140.00 1,133,878.67 440,255,013.84 108,769,474.35 38,196,525.53 11,697,411.22 977,209,674.15 186 REPORT ON T H E EINANCES. No. 1 § . — G E N E R A L DISTRIBUTION O F T H E ASSETS AND LIABILITIES OF THE T R E A S U R Y J U N E 30, Treasury offices. 1909. Mints and National-bank other deassay offices. and positaries. In transit. Total. ASSETS. $975,569.205.62 Gold coin ' $296,088,042.84 $680,481,162.78 67,135,095.40 67,135,095.40 Gold bullion 496,288,819.00 298,616,656.00 197,672,163.00 Standard silver dollars $71. 63 27,076,747.52 Subsidiary silver coin 15,656,034.58 11,420,64L31 4,242,393.06 4,242,393.06 Silver bullion 936,700.00 17,746.00 6,562,749.00 6,608,303.00 United States notes 11,585.00 11,585.00 Treasury notes of 1890 1,138,400.00 24,381,267. 88 23,242,867.88 National-bank notes 3,507,200.00 37,746,420.00 190,650.00 34,048,570.00 Gold certificates 1,850,704.00 6,696,676.00 Silver certificates 4,845,972.00 1,434,077.47 2,607,433.34 Minor coin 1,173,355.87 Fractional currencv 79.48 79.48 Deposits in national banks, $74,433,679.59 74,433,679.69 etc 704.10 17,958.60 18,662.60 Bonds and interest paid Total available assets.. 678,309,425.15 962,593,929.02 939,35L34 562,601.56 Unavailable 2,75L43 Unpaid loss on recoinage Balance in subtreasuries and 14,050,392.14 national banks •69,141,174.04 Transfer account . . . Aggregate 748,389,950.53 977,209,674.15 74,433,679.59 7,433,779.73 1,722,770,813.49 382.80 218,463.55 1,720,799.25 2,751.43 197,229.69 14,247,621.83 69,141,174.04 74,652,143.14 7,631,392.22 1,807,883,160.04 LLA.BILITIES. Outstanding warrants and checks Disbursing officers' balances. Post-Office Department account Bank-note 5 per cent re• demption account Other deposit and redemption accounts ' 7,281,472.25 49,703,456.28 1,432,027.18 12,646,845.02 267,168.71 6,356.50 342,525.21 X 000.00 24,540,250.49 24,540,250.49 7,479,594.83 1,588,346.13 Total agency account.. 89,271,94L56 Balance to credit of mints and assay offices.. . 13,851,297.79 Balance of transfer account.. 69,141,174.04 576,125,537.14 977,209,674.15 Balance general account Aggregate 8,713,499.43 S2,350,300.30 748,389,950.53 977,209,674.15 9,067,940.96 14,084,228.70 1,658,346.13 ' 105,014,516.39 396,324.04 14,247,621.83 69,141,174.04 60,171,590.40 5,973,046.09 1,619,479,847.78 74,652,143.14 7,631,392.22 1,807,883,160.04 N o . 1 9 . — D I S T R I B U T I O N OF THE G E N E R A L T R E A S U R Y BALANCE J U N E 30, Location. Washington Baltim ore New York , Philadelphia Boston Cinciimati Chicago St. Louis New Orleans San Francisco Mints and assay offices National banks Treasury of Philippine Islands... United States depositaries (old)., In transit Total Treasurer's books., On deposit with States Total Treasury balance.. Treasurer's general account. Receipts not covered by warrants. $233,610,445.29 12,416,365.63 151,665,450.50 13,166,152.13 11,524,851.27 14,862,312.96 67,392,050.12 24,003,057.61 20,125,864.71 27,298,987.02 977,209,674.15 60,140,584.18 27,304.05 3,702.17 6,973,046.09 $37,114.05 11,949.44 80,799.27 6,723.90 61,347.05 2,704.69 9,657.44 9,965.70 17,714.78 167,433.22 1,619,479,847.78 716,774.19 307,125.68 14,238.97 1909. Balance as shown by warrants. $233,573 331.24 12,404,416.09 151,584,651.23 13,159;428.23 11.473,504.22 14; 859:608.27 67,382: 392.68 24,053 091.91 20,108: 149.93 27,131 553.80 977,209: 674.15 59,833: 458.50 13: 065.08 3 702.17 5,973 046.09 1,618,763,073.59 28,101,644.91 1,646,864,718.50 187. TEEASUEEE. No. 2 0 . — A V A I L A B L E ASSETS AND N E T LIABILITIES OF THE TREASURY AT THE CLOSE OF J U N E , 1908 AND 1909. June 30,1908. June 30,1909. ASSETS. Gold—Coin Bullion Silver—Dollars Subsidiary coin Bullion $975,569,205.62 67,135,095.40 $921,924,518.03 82,964,164.15 . 491,931,155.00 23,177,617.98 6,096,247.10 . . 7,284,694.00 18,470.00 66,685,237.00 39,947,250.00 9,071,295.00 Paper—United States notes Treasury notes of 1896 National-bank notes Gold certificates Silver certificates Other—Minor coin Fractional currency Deposits in national banks, etc Bonds and interest paid 3,164,306.36 141.34 162,328,065.86 33,220.91 Aggregate $1,004,888,682.18 621,205,020.08 123,006,946.00 496,288,819.00 27,076,747.52 4,242,393.06 6,562,749.00 11,585.00 24,381,267.88 37,746,420.00 6,696,676.00 2,607,433.34 79.48 74,433,679.59 18,662.60 $1,042,704,301.02 527,607,959.68 75,398,697.88 165,625,734.47 77,059,856.01 1,814,626,382.73 1,722,770,813.49 LIABILITIES. Agency account: Outstanding warrants and checks.. Disbursing officers' balances Post-Office Department account... Bank-note 5 per cent redemption fund •Other deposit and redemption accounts General account: Gold certificates. . Silver certificates Treasury notes of 1890 Reserve fund Balance 8,713,499.43 62,350,300.30 342,525.21 22,922,955.48 24,540,250.49 9,346,572.32 822,923,869.00 474,350,000.00 4,982,000.00 150,000,000.00 . . . 245,171,347.73 Aggregate No, 12,196,420.68 65,933,578.31 6,799,639.31 •117,199,166.00 1,697,427,216.73 9,067,940.96 852,751,869.00 484,414,000.00 4,215,000.00 150,000,000.00 126,375,428.10 1,814,626,382.73 106,014,516.39 1,617,756,297.10 1,722,770,813.49 2 1 . — A S S E T S AND LIABILITIES OF THE TREASURY IN E X C E S S OF CERTIFICATES AND TREASURY N O T E S AT THE CLOSE OF J U N E , 1908 AND 1909. June 30,1908. June 30,1909. $221,912,063.18 27,766,697.10 23,177,617.98 7,284,694.00 18,470.00 66,685,237.00 3,164,306.36 141.34 162,328,065.86 33,220.91 $227,698,852.02 18,598,888.06 27,076,747.52 6,562,749.00 11,585.00 24,381,267.88 2,607,433.34 79.48 74,433,679.69 18,662.60 612,370,513.73 381,389,944.49 117,199,166.00 150,000,000.00 245,171,347.73 105,014,516.39 150,000,000.00 126,375,428.10 612,370,613.73 381,389,944.49 ASSETS. Gold coin and bullion Silver dollars and bulhon Subsidiary silver United States notes Treasury notes of 1890 National-bank notes Minor coin Fractional currency Deposits in national banks, etc Bonds and interest paid Total , LIABILITIES, Agency account Reserve fund Available cash balance Total 188 REPORT ON T H E FINANCES. N o . 22.—^UNAVAILABLE F U N D S OF THE G E N E R A L T R E A S U R Y AND POST-OFFICB DEPARTMENT J U N E 30, 1909. GENERAL TREASURY. On deposit with the following States under the act of June 23,1836: Maine NewHampshire Vermont Massachusetts Connecticut Rhodelsland NewYork I...'. Pennsylvania NewJersey Ohio Indiana Illinois.... Michigan Delaware Maryland Virginia : North Carolina South Carolina , Georgia Alabama ...: Louisiana Mississippi Tennessee Kentucky : Missouri : Arkansas .• Total on deposit with the States.. $955,838.25 669,086.79 669,086.79' 1,338,173.58 764,670.60 382,335.30 4,014,520.71 2,867,514.78 764,670.60 2,007,260.34 860,254.44 477,919.14 286,751.49 286,751.49 955,838.25 2,198,427.99 1,433,757.39 1,051,422.09 1,051,422.09 669,086.79 477,919.14 382,335.30 1,433,757.39 1,433,757.39 382,335.30 286,751.49 , $28,101,644.91 Deficits and defalcations. Subtreasuries: Defalcation, subtreasury United States, New Orleans, 1867, May and Whitaker $675,325.22 Defalcation, subtreasury United States, New Orleans, 1867, May property 6,566.31 Deficit, subtreasury United States, New Orleans, 1885 20,959.81 Deficit, subtreasury United States, New Orleans, 1886 328.80 Deficit, subtreasury United States, St. Louis, 1906 61,500.00 Deficit, subtreasury United States, Chicago, 1907 173,000.00 Deficit, subtreasury United States, Boston, 1907 3,000.00 Mints and assay offices: Deficits and defalcations, mint United States, San Francisco, 1857 t o 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, 1894 .75,649.75 Deficit, mint United States, Philadelphia, 1893 13,621.75 Deficit, mint United States, New Orleans, 1886 54.00 National-bank depositaries: Failure, Venango National Bank of Franklin, Pa., 1866 181,377.51 Failure, First National Bank of Selma, Ala., 1867 33,383.87 . Depositaries United States: Defalcation, depositary United States, Galveston, 1861 778.66 Defalcation, depositary United States,.Baltimore, 1866 •. 647.60 Defalcation, depositary United States, Pittsburg, 1867 2,126.11 Deficit, depositary United States, Santa Fe, 1866, short in remittance 249.90 939,680.14 662,733.49 214,761.38 3,702.17 Total deficits and defalcations Total general Treasury 1,720,877. IS 1 Post-Office Department: Defalcation, subtreasury United States, New Orleans, I861 Defalcation, depositary United States, Savannah, 1861 J Defalcation, depositary United States, Galveston, 1861 Defalcation, depositary United States, Little Rock, 1861 Aggregate 29,822,622.09 31,164.44 205.76 83.36 5,823.60 : 37,277.06 29,869,799.15 189 TEEASUEEE. N o . 2 3 . — E S T I M A T E D STOCK OF GOLD COIN AND B U L L I O N , THE AMOUNT I N THE T R E A S U R Y , AND THE AMOUNT I N CIRCULATION AT THE E N D OF EACH M O N T H , FROM J A N U A R Y , 1902. Month. 1902—January: Estimated stock I n the Treasury. Incirculation... February: Estimated stock. In the Treasury. In circulation... March: Estimated stock. In the Treasury. Incirculation April: Estimated stock. I n the Treasury. Incirculation... May: Estimated stock In the Treasury. Incirculation... June: Estimated stock. In the Treasury. Incirculation... July: Estimated stock. In the Treasury. Incirculation August: Estimated stock, In the Treasury. Incirculation September: Estimated stock, In the Treasury. In circulation... October: Estimated stock. In the Treasury. Incirculation November: Estimated stock. In the Treasury. Incirculation December: Estimated stock. In the Treasury. In circulation 1903—January: Estimated stock. In the Treasury. In circulation... February: Estimated stock. I n the Treasury. Incirculation... March: Estimated stock. In the Treasury. In circulation... April: Estimated stock, In t h e T r e a s u r y . In circulation... May: Estimated stock. In the Treasury. In circulation... June: Estimated stock. In the Treasury. Incirculation... July: Estimated stock In the Treasury. Incirculation... August: Estimated stock I n the Treasury. Incirculation... Gold coin. Gold bullion. Total. $1,057,145,188 422,411,341 634,733,847 $124,133,899 124,133,899 $1,181,279,087 546,546,240 634,733,847 1,063,643,851 430,189,266 633,454,585 114,387,642 114,387,642 1,178,031,493 544,576,908 633,454,586 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 1,183,652,727 546,219,775 637,432,952 1,067,002,208 435,110,581 631,891,627 117,586,681 117,586,681 1,184,588,889 552,697,262 631,891,627 1,068,311,784 435,917,495 632,394,289 124,282,805 124,282,805 1,192,594,589 560,200,300 632,394,289 1,067,034,785 435,878,352 631,156,433 126,890,672 126,890,672 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 1,080,110,347 455,382,287 624,728,060 135,124,538 135,124,538 1,215,234,886 590,506,826 624,728,060 1,082,156,751 . 457,783,106 624,373,645 148,516,021 148,516,021 1,230,672,772 606,299,127 624,373,646 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 1,252,842,476 623,818,560 629,023,915 1,102,028,942 476,766,287 625,262,655 156,017,539 156,017,539 1,258,046,481 632,783,826 625,262,666 1,107,346,286 485,343,888 622,002,398 154,396,915 154,396,915 1,261,743,201 639,740,803 622,002,398 1,107,120,714 483,988,254 623,132,460 160,182,865 160,182,865 1,267,303,679 644,171,119 623,132,460 1,101,766,986 477,784,977 623,982,009 159,678,138 159,678,138 1,261,445,124 637,463,115 623,982,009 1,092,041,185 474,780,446 617,260,739 156,640,343 156,640,343 1,248,681,528 631,420,789 617,260,739 1,095,300,467 474,420,677 620,879,790 160,448,601 160,448,601 1,255,749,068 634,869,278 620,879,790 1,094,345,709 473,969,550 620,376,159 173,388,240 173,388,240 1,267,733,949 647,357,790 620,376,169 • 1,203,511,751 571,302,633 632,209,118 19.0 REPORT ON T H E FINANCES. No» 2 3 . — E S T I M A T E D STOCK OF GOLD COIN AND BULLION, T H E AMOUNT I N T H E T R E A S U R Y , AND T H E AMOUNT I N CIRCULATION AT T H E E N D OF EACH M O N T H , FROM JANUARY, 1902—Continued. Month. 1903—September: Estimated stock. In the Treasury. Incirculation October: Estimated stock. In the Treasury. Incirculation November: Estimated stock. I n t h e Treasury. Incirculation December: Estimated stock. I n t h e Treasury. Incirculation 1904—January: Estimated stock. I n t h e Treasury. Incirculation February: Estimated stock. In the Treasury. Incirculation March: Estimated stock, I n t h e Treasury. Incirculation April: Estimated stock. In the Treasury. Incirculation May: Estimated stock. In the Treasury. Incirculation... June: Estimated stock. In the Treasury. Incirculation... July: Estimated stock. In the Treasury. Incirculation... August: Estimated stock I n t h e Treasury. Incirculation... September: Estimated stock. I n the Treasury. Incirculation... October: Estimated stock. In the Treasury. Incirculation November: Estimated stock. In the Treasury. Incirculation December: Estimated stock. In the Treasury. Incirculation 1905—January: Estimated stock. In the Treasury. Incirculation February: Estimated stock, I n t h e Treasury. Incirculation March: Estimated stock. I n the Treasury. Incirculation April: Estimated stock. I n the Treasury.. Incirculation... Gold coin. Gold bullion. Total. $1,094, 516,971 471,966,037 622, 550,934 $182,845,680 182,845,680 $1,277,362,651 654,811,717 622,550,934 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, 970,533 205,417,758 205,417,758 1,314,622,524 686,651,991 627,970,533 1,111,496,883 483, 591,028 627; 905,855 215,344,672 215,344,672 1,326,841,655 698,935,700 627,905,856 1,146; 914,400 608,004,690 909,710 190,443,317 190,443,317 1,337,357,717 698,448,007 638,909,710 1,207,926,349 557, 001,639 650, 924,710 140,877,621 140,877,621 1,348,803,970 697,879,260 650,924,710 660,256 583, 500,838 656, 159,418 112,324,321 112,324,321 1,351,984,577 695,825,159 656,159,418 1,270, 165,981 625,271,433 644,894,548 42,954,887 42,954,887 1,313,120,868 668,226,320 644,894,648 1,285,080,291 639,262,715 645,817,576 42,676,107 42,676,107 1,327,656,398 681,838,822 645,817,676 . 1,284,748,247 640, 635,267 644, 112,980 67,674,493 57,674,493 1,342,422,740 698,309,760 644,112,980 1,281,212,025 634, 547,213 646,064,812 68,684,540 68,684,540 1,349,896,565 703,231,753 646,664,812 1,284,554,125 642,709,262 641,844,863 66,901,843 66,901,843 1,351,455,968 709,611,105 641,844,863 1,314,683,906 672,790,813 641,793,093 48.463.175 48.463.176 1,363,047,081 721,253,988 641,793,093 1,305,440,609 657,940,060 647,500,649 46,975,024 46,975,024 1,351,415,633 703,915,084 647,500,649 1,297,139,999 647,691,471 649,548,628 48,812,536 48,812,536 1,345,952,536 696,404,007 649,548,628 1,294,196,377 644,667,876 649,527,602 47,011,075 47,011,075 1,341,206,462 691,678,950 649,527,602 1,286,600,046 640,848,326 646,751,720 44,565,674 44,565,674 1,331,166,720 685,414,000° 646,751,720 1,291,997,470 647,270,924 644,726,546 46,277,076 46,277,076 1,338,274,546 693,648,000 644,726,546 1,292,171,106 647,747,895 644,423,211 51,726,053 51,726,063 1,343,897,159 699,473,948 644,423; 211 191 TEEASUEEE. N o . 23.—ESTIMATED STOCK OF GOLD COIN AND BULLION, THE AMOUNT I N T H E T R E A S U R Y , AND THE AMOUNT I N CIRCULATION AT THE E N D OP EACH MONTH, FROM JANUARY, 1902—Continued. Month. 1906—May: Estimated stock. In the Treasury. Incirculation June: Estimated stock. I n t h e Treasury. Incirculation July: Estimated stock. In the Treasury., Incirculation August: Estimated stock. In the Treasury.. In circulation September: Estimated stock. In the Treasury. Incirculation October: Estimated stock, I n t h e Treasury. Incirculation November: Estimated stock. In the Treasury. Incirculation December: Estimated stock. In the Treasury. In circulation 1906—January: Estimated stock. In the Treasury. In circulation February: Estimated stock, I n t h e Treasury. Incirculation... March: Estimated stock I n t h e Treasury. Incirculation... April: Estimated stock In the Treasury. Incirculation... May: Estimated stock In the Treasury. Incirculation... June: Estimated stock In the Treasury. Incirculation... July: Estimated stock In the Treasury. Incirculation... August: Estimated stock In the Treasury. Incirculation... September: Estimated stock In the Treasury. Incirculation... October: Estimated stock I n t h e Treasury. Incirculation... November: Estimated stock I n t h e Treasury. Incirculation... December: Estimated stock In the Treasury. Incirculation... Gold coin. Gold bulhon. Total. $1,296,649,290 645,670,182 650,979,108 $65,413,738 55,413,738 $1,352,063,028 701,083,920 650,979,108 1,305,960,157 654,896,668 651,063,589 51,695,831 51,695,831 1,357,655,988 706,592,399 651,063,689 1,307,361,838 656,745,258 650,616,580 61,065,605 61,065,505 1,368,427,343 717,810,763 650,616,680 1,316,242,709 663,239,161 653,003,548 63,561,605 63,561,605 1,379,804,314 726,800,766 653,003,548 1,314,607,078 662,176,943 652,330,135 72,760,850 72,750,850 1,387,257,928 734,927,793 652,330,135 1,313,635,983 661,990,985 651,644,998 91,050,633 91,050,533 1,404,686,616 753,041,618 651,644,998 1,315,607,291 666,566,901 649,040,390 96,170,159 96,170,159 1,411,777,450 762,737,060 649,040,390 1,318,995,964 664,827,939 654,168,025 100,947,160 100,947,160 1,419,943,124 765,775,099 654,168,025 1,325,016,490 670,222,793 654,793,697 98,203,723 98,203,723 1,423,220,213 768,426,616 654,793,697 1,322,876,970 674,020,918 648,856,052 94,130,469 94,130,469 1,417,007,439 768,151,387 648,856,052 1,326,831,495 682,838,188 643,993,307 91,370,715 91,370,715 1,418,202,210 774,208,903 643,993,307 1,342,812,911 670,288,507 672,524,404 90,637,659 90,637,659 1,433,450,570 760,926,166 672,524,404 1,369,656,302 686,229,424 683,426,878 97,265,072 97,265,072 1,466,921,374 783,494,496 683,426,878 1,368,612,051 699,956,976 668,655,075 107,094,714 107,094,714 1,475,706,765 807,051,690 668,655,076 1,376,804,530 700,824,869 675,979,661 118,801,964 118,801,964 1,495,606,494 819,626,833 675,979,661 1,383,961,942 707,782,428 676,179,514 123,541,907 123,541,907 1,507,503,849 831,324,336 676,179,514 . 1,410,506,914 726,238,840 684,268,074 129,333,864 129,333,864 1,539,840,778 855,572,704 684,268,074 1,421,400,284 733,713,523 687,686,761 145,218,847 145,218,847 1,566,619,131 878,932,370 687,686,761 1,429,009,743 743,035,321 686,974,422 147,889,169 147,889,169 1,576,898,912 890,924,490 685,974,422 1,431,146,681 738,623,017 692,623,564 166,871,804 156,871,804 1,587,018,385 894,394,821 692,623,664 192 REPORT ON T H E FINANCES. N o . 2 3 . — E S T I M A T E D STOCK OF GOLD COIN AND BULLION, T H E AMOUNT I N T H E T R E A S U R Y , AND T H E AMOUNT I N CIRCULATION AT T H E E N D OF EACH M O N T H , FROM JANUARY, 1902—Continued. Month. 1907—January: Estimated stock. I n t h e Treasury. Incirculation... February: Estimated stock, I n the Treasury. In circ ulation i . . March: Estimated stock. I n the Treasury. Incirculation... April: Estimated stock. I n the Treasury. Incirculation... May: Estimated stock I n t h e TreasuryIncirculation... June: Estimated stock. I n the Treasury. Incirculation... July: Estimated stock In the Treasury. Incirculation... August: Estimated stock I n the Treasury. Incirculation... September: Estimated stock In the Treasury. Incirculation... October: Estimated stock. In the Treasury. Incirculation November: Estimated stock. In the Treasury. Incirculation December: Estimated stock. In the Treasury. In circulation 1908—January: Estimated stock. In the Treasury. Incirculation February: Estimated stock. In the Treasury.. Incirculation March: Estimated stock. In the Treasury. Incirculation 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., Incirculation August: Estimated stock. I n t h e Treasury.. Incirculation Gold coin. $1,440,249,298 744,709,457 695,539,841 Gold bulhon. $157,J 157, J Total. $1,598,116,107 * 902,576,266 695,539,841 1,450,890,495 757,994,683 692,895,812 154,081,932 154,081,932 1,604,972,427 912,076,615 692,895,812 1,455,993,997 765,554,788 690,439,279 155,379,753 155,379,753 1,611,373,750 920,934,471 690,439,279 1,459,633,919 768,152,450 691,481,469 158,259,822 158,259,822 1,617,893,741 926,412,272 691,481,469 1,465,182,901 769,502,643 695,680,258 153,953,990 153,953,990 1,619,136,891 923,456,633 695,680,268 1,328,768,271 767,070,900 661,697,371 137,620,830 137,620,830 1,466,389,101 904,691,730 561,697,371 1,331,818,653 765,781,928 666,036,725 142,350,085 142,350,085 1,474,168,738 908,132,013 566,036,726 1,355,653,562 795,296,568 560,356,994 116,909,766 116,909,766 1,472,563,328 912,206,334 560,356,994 1,359,927,431 797,970,842 661,956,589 123,042,279 123,042,279 1,482,969,710 921,013,121 561,966,689. 1,368,668,660 794,209,574 574,459,086, 121,074,185 121,074,185 1,489,742,845 915,283,759 574,459,086 1,420,804,115 780,226,163 640,577,952 140,910,604 140,910,604 1,561,714,719 921,136,767 640,577,952 1,438,276,003 789,702,830 648,573,173 166,254,490 166,254,490 1,604,530,493 955,957,320 648,573,173 1,463,'271,296 821,775,200 641,496,096 165,329,279 165,329,279 , 1,628,600,555 987,104,459 641,496,096 1,483,613,475 849,809,418 633,804,057 152,234,999 152,234,999 1,635,848,474 1,002,044,417 633,804,057 1,501,092,789 871,360,084 629,732,705 141,472,825 141,472,825 1,642,565,614 1,012,832,909 629,732,705 1,527,262,767 899,093,879 628,168,888 112,004,617 112,004,617 1,639,267,384 1,011,098,496 628,168,888 1,538,405,225 919,784,464 618,620,761 77,608,708 77,608,708 1,616,013,933 997,393,172 • 618,620,761 1,535,169,328 921,924,518 613,244,810 82,964,164 82,964,164 1,618,133,492 1,004,888,682 613,244,810 1,536,611,207 920,822,931 615,788,276 93,688,682 93,688,682 1,630,299,889 1,014,511,613 615,788,276 1,638,216,009 918,225,7,46 619,990,263 103,342,939 103,342,939 1,641,558,948 1,021,568,685 619,990,263 193 TEEASUEEE. N o . 23.—ESTIMATED STOCK OF GOLD COIN AND BULLION, T H E AMOUNT IN THE T R E A S U R Y , AND T H E AMOUNT IN CIRCULATION AT THE E N D OF EACH MONTH, FROM JANUARY, 1902—Continued. Gold coin. 1908—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... 1909—January: Estiraated stock In the Treasury. In circulation... February: Estimated stock. In the Treasury. Incirculation... 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 the Treasury. In circulation... July: Estimated stock In the Treasury. In circulation... August: Estimated stock In the Treasury. In circulation... September: Estimated stock In theTreasury. In circulation... 13518—FI 1909- -13 Gold bullion. Total. $1,530,087,479 914,132,361 615,955,118 $113,593,907 113,593,907 $1,643,681,386 1,027,726,268 615,955,118 1,528,297,418 '918,236,856 610,060,562 121,061,326 121,061,326 1,649,358,744 1,039,298,182 610,060,562 1,535,520,290 918,522,229 616,998,061 123,323,861 123,323,861 1,658,844,151 l,04i;846.090 616,998; 061 1,541,657,483 922,339,642 619,317; 841 112,224,324 112,224,324 1,653,881,807 1,034,563,966 619,317,841 1,538,476,008 932,531,108 605,944,900 110,553,295 110,553,295 1,649,029,303 1,043,084,403 605,944,900 1,543,649,861 933,661,502 609,988,359 113,075,248 113,075,248 1,656,725,109 1,046,736,750 609,988,359 1,531,914,472 923,621,813 608,292,659 U S ; 507,584 113,507,584 1,645,422,056 1,037,129,397 608,292,659 1,557,115,972 947,826,635 609,289,337 92,373,570 92,373,570 1,649,489,542 1,040,200,205 609,289,337 1,576,806,675 971,562,999 605,243,676 68,094,058 68,094,058 1,644,900,733 1,039,657,057 605,243,676 1,574,906,904 975,569,206 .599,337,698" 67,135,095 67,135,095 1,642,041,999 1,042,704,301 599,337,698 1,563,453,111 966,646,676 596,806,435 74,358,016 74,358,016 1,637,811,127 1,041,004,692 596,806,435 1,556,714,542 968,875,785 587,838,757 79,781,241 79,781,241 1,636,495,783 1,048,657,026 587,838,757 1,563,011,877 964,568,877 598,443,000 83,821,624 83,821,624 1,646,833,501 1,048,390,501 598,443,000 194 REPORT ON T H E FINANCES. N o . 2 4 . — E S T I M A T E D STOCK OF SILVER COIN, T H E AMOUNT IN T H E T R E A S U R Y , AND THE AMOUNT IN CIRCULATION AT THE E N D OF EACH M O N T H , FROM JANUARY, 1902; ALSO SILVER O T H E R T H A N STOCK H E L D IN TH]£ T R E A S U R Y . Month. 1902—January: Estimated stock. In t h e T r e a s u r y . In circulation February:Estimated stock. In t h e T r e a s u r y . In circulation... March: Estimated stock. In the Treasury. Incirculation... April: Estimated stock. In the Treasury. In circulation... May: Estimated stock. In the Treasury. In circulation... June: Estimated stock. I n 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... N ovember: Estimated stock. In the Treasury. In circulation... December: E stimated stock. In the Treasury. 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. I n 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 t h e Treasury. ' J n eirculation... Standard doUars. Subsidiary silver. Other silver items held. $533,057,617 461,761,744 71,295,873 $92,206,926 8,364,087 83,842,839 $625,264, 470,125, 155,138, 534,606,654 465,228,132 69,378,522 92,859,794 9,418,003 83,441,791. 627,466, 474,646, 152,820, 536,113,305 466,933,853 69,179,452 93,417,944 10,725,509 82,692,435 629,531, 477,659, 151,871, 537,603,809 468,200,479 69,403,330 95,299,190 12,444,591 82,454,599 632,902, 480,645, 151,857, 538,684,786 469,809,022 68,875,764 95,432,492 12,793,627 82,638,865 634,117, 482,602, 151,514, 540,135,200 471,387,851 68,747,349 97,183,762 11,462,534 85,721,228 637,318, 482,850, 154,468, 540,682,817 471,776,352 68,906,465 98,225,389 12,002,930 86,222,459 638,908, 483,779, 155,128, 542,363,298 471,378,623 70,984,675 97,766,461 10,351,174 87,415,287 640,129, 481,729, 158,399, 543,360,860 468,317,141 75,043,719 97,988,576 8,082,371 89,906,205 641,349, 476,399, 164,949, 545,527,822 468,010,664 77,517,158 9S,809,323 6,909,608 91,899,715 644,337, 474,920, 169,416, 547,127,022 468,426,110 78,700,912 99,511,076 6,428,213 93,082,863 646,638, 474,854, 171,783, 548,098,168 469,787,834 78,310,334 100,769,875 . 6,419,206 94,350,669 648,868, 476,207, 172,661, 549,580,553 473,742,105 75,838,448 100,528,519 8,020,705 92,506,814 650,109, 481,762, 168,445, 550,683,664 475,532,410 75,151,254 100,615,, 082 8,624,739 91,990,343 651,298, 484,157, 167,141, 551,615,317 477,138,477 74,476,840 100,786,118 8,500,673 92,285,445 652,401, 485,639, 166,762, 552,268,056 478,281,578 73,986,478 101,141,553 8,831,987 92,309,566 653,409, 487,113, 166,296, 552,876,093 479,458,884 73,417,209 101,503,440 9,636,251 91,867,189 654,379, 489,095, 165,284, 554,400,226 482,008,986 72,391,240 102,034,567 9,307,873 92,726,694 656,434, 491,316, 165,117, 555,428,503 482,860,149 72,568,354 101,679,100 9,432,720 92,246,380 657,007, 492,292, 164,814, 555,853,494 482,894,482 72,959.012 101,867,228 8,996,276 92,870,952 657,720, 491,890, 165,829, 195 TEEASUEEE. N o . 2 4 . — E S T I M A T E D STOCK OF SILVER C O I N , , T H E AMOUNT IN THE T R E A S U R Y , AND. THE AMOUNT I N CIRCULATION AT T H E E N D OF EACH M O N T H , FROM JANUARY, 1902; ALSO SILVER O T H E R T H A N STOCK H E L D I N T H E TREASURY—Continued. Month. 1903—September: Estimated stock.. In the Treasury.'. Incirculation October: Estimated stock.. In t h e T r e a s u r y . . •Incirculation November: Estimated stock.. I n the T r e a s u r y . . Incirculation December: Estimated stock.. I n t h e Treasury.. Incirculation 1904—January: Estimated stock.. I n the Treasury.. Incirculation February: Estimated stock.. I n t h e Treasury.. Incirculation March: ' Estimated stock.. I n the T r e a s u r y . . Incirculation April: Estimated stock.. I n t h e Treasury.. Incirculation May: Estimated stock.. I n t h e Treasury.. Incirculation.... June: Estimated stock.. I n t h e Treasury.. Incirculation July: Estimated stock.. I n t h e Treasury.. Incirculation August: Estimated stock. I n t h e Treasury.. Incirculation September: Estimated stock. In the Treasury.. Incirculation October: Estimated stock. In the Treasury.. Incirculation November: Estimated stock. In the T r e a s u r y . . Incirculation -December: Estimated stock. I n the Treasury.. Incirculation 1905—January: Estimated stock. In the Treasury.. Incirculation February: Estimated stock. I n t h e Treasury.. Incirculation March: Estimated stock. I n t h e Treasury.. Incirculation April: " Estimated stock. I n t h e Treasury.. Incirculation Standard dohars. Subsidiary silver. Other silver items held. $555,886,980 479,927,497 75,959,483 $102,825,368 7,958,266 94,867,102 $658,712,348 487,885,763 170,826,585 $19,044,131 555,034,790 476,118,051 78,916,739 104,087,329 7,851,871 96,235,458 659,122,119 483,969,922 175,152,197 18,336,121 554,7.39,235 473,939,275 80,799,960 105,236,815 8,106,008 97,130,806 659,976,050 482,045,283 177,930,766 17,586,973 554,841,489 473,268,266 81,573,223 105,938,279 8,306,926 97,631,352 660,779,768 •481,575,192 179,204,575 16,728,170 555,449,127 477,551,527 77,963,600 105,903,449 10,433,124 95,470,325 661,352,576 487,984,651 173,433 925 16,829,364 557,198,489 480,798,298 76,400,191 106,903,896 11,417,518 95,486,378 664,102,385 492,215,816 171,886,569 16,469,043 557,559,484 482,850,303 74,709,181 106,633,724 11,545,932 95,087,792 664,293,208 494,396,235 169,796,973 . 16,087,404 558,579,393 484,936,404 73,642,989 106,672,887 11,852,585 94,820,302 665,252,280 496,788,989 168,463,391 15,908,002 559,422,410 486,816,683 72,605,727 106,614,930 12,035,831 94,579,099 666,037,340 498,852,514 167,184,826 15,307,748 559,891,605 488,577,779 71,313,826 107,062,021 11,533,678 95,528,343 666,953,626 500,111,457 166,842,169 15,380,998 .560,244,263 489,662,702 70,581,561 106,503,340 11,926,290 94,577,050 666,747,603 501,588,992 165,158,611 14,876,180 559,495,170 487,987,441 71,507,729 108,458,972 12,464,060 95,994,732 667,954,142 500,451,501 167,502,461 14,330,134 558,851,028 482,850,778 76,000,250 110,300,314 11,460,297 98,840,017 669,151,342 494,311,075 174,840,267 14,149,579 558,677,161 479,234,038 79,443,123 110,993,172 10,585,044 100,408,128 669,670,333 489,819,082 179,851,251 14,164,024 558,434,892 477,912,010 80,522,882 111,694,407 9,808,023 101,886,384 670,129,299 487,720,033 182,409,266 14,096,314 558,484,968 478,.445,573 80,039,395 112,171,494 9,280,167 102,891,327 670,656,462 487,725,740 182,930,722 13,,930,685 558,342,589 482,180,839 76,161,750 112,642,674 11,563,194 101,079,480 670,985,263 493,744,033 177,241,230 13,992,413 558,393,881 484,064,162 74,329,719 113,162,870 12,947,985 100,214,885 671,556,751 497,012,147 174,544,604 13,649,991 558,221,561 484,389,788 73,831,773 113,670,338 13,915,168 99,755,170 671,891,899 498,304,956 173,586,943 13,424,307 558,228,412 484,586,657 73,641,755 114,062,988 13,995,343 100,067,645 672,291,400 498,582,000 173,709,400 'i3,*666,"606 196 REPORT ON T H E FINANCES N o . 2 4 . — E S T I M A T E D STOCK OF SILVER COIN, T H E AMOUNT I N THE T R E A S U R Y , AND T H E AMOUNT I N CIRCULATION AT T H E E N D OF EACH M O N T H , FROM JANUARY, 1902; ALSO SILVER O T H E R T H A N STOCK H E L D I N THE TREASURY—Continued. Month. 1905—May: Estimated stock. I n t h e Treasury. Incirculation June: Estimated stock. I n t h e Treasury. Incirculation July: Estimated stock. In the Treasury. Incirculation August: Estimated stock. In the Treasury. • Incirculation September: Estimated stock. I n t h e Treasury. Incirculation October: Estimated stock. In the Treasury. Incirculation November: Estimated stock. In the Treasury. Incirculation December: Estimated stock, I n t h e Treasury. Incirculation 1906—January: Estimated stock. . In the Treasury. Incirculation February: Estimated stock. In the Treasury. In circulation March: Estimated stock, I n t h e Treasury. Incirculation April: Estimated stock. In the Treasury. Incirculation May: Estimated stock. In the Treasury. Incirculation June: Estimated stock. In the Treasury. Incirculation.... July: Estimated stock. In the Treasury. Incirculation August: Estimated stock, I n t h e Treasury. Incirculation September: Estimated stock. In the Treasury. Incirculation October: Estimated stock I n t h e Treasury. Incirculation... November: • Estimated stock I n t h e Treasury. Incirculation... December: Estimated stock I n the Treasury. I n Qircul^-tion,.. Standard dollars. ' Subsidiary silver. $558,678,556 485,060,912 73,617,644 $113,977,467 13,603,978 100,473,489 $672, 656,023 498,564,890 174, 091,133 558,815,865 485,231,529 73,584,336 114,824,189 13,386,482 101,437,707 673, 640,054 498,618,011 175, 022,043 559,039,217 485,452,319 73,586,898 114,507,936 13,070,177 101,437,759 673,547,153 498,522,496 175,024,657 559,220,217 483,638,302 75,581,915 114,484,171 11,664,150 102,820,021 673, 704,388 495,302,452 178, 401,936 559,433,865 479,996,964 79,436,901 115,246,222 9,706,256 105,539,966 674, 680,087 489, 703,220 184,976,867 559,607,865 477,785,554 81,822,311 115,554,205 8,396,273 107,157,932 675, 162,070 486, 181,827 980,243 559,750,865 476,424,637 83,326,228 116,385,553 7,609,174 108,776,379 676, 136,418 484, 033,811 192, 102,607 559,898,865 476,162,638 83,736,227 116,990,855 6,961,490 110,029,365 676,889,720 483, 124,128 193, 765,592 560,142,865 479,725,320 80,417,545 117,111,381 9,521,847 107,589,534 677, 254,246 489,247,167 188, 007,079 560,259,865 480,896,099 79,363,766 117,168,956 9,787,503 107,381,453 677, 428,821 490,683,602 186, 745,219 560,434,865 478,723,429 81,711,436 116,763,582 7,274,243 109,489,339 677, 198,447 485,997,672 191,200,775 560,567,865 480,143,809 . 80,424,056 116,919,774 7,425,109 109,494,665 677, 487,639 487,568,918 189, 918,721 560,724,865 482,122,730 78,602,135 116,940,192 7,045,873 109,894,319 677, 665,057 489, 168,603 188, 496,454 560,865,530 483,864,162 77,001,368 118,224,920 6,595,416 111,629,504 679, 090,450 490, 459,578 188,630,872 561,018,855 483,903,200 77,115,655 117,802,471 5,826,342 111,976,129 678, 821,326 489, 729,542 189,091,784 561,121,855 482,183,246 78,938,609 118,808,475 5,408,943 113,399,532 679, 930,330 487, 592,189 192,338,141 561,229,855 479,567,148 81,662,707 120,056,795 4,055,285 116,001,510 681, 286,650 483, 622,433 197, 664,217 561,339,530 477,733,062 83,606,468 123,785,299 3,506,651 120,278,648 685;,124,829 481;,239,713 203;,885,116 561,424,530 477,212,611 84,211,919 126,154,782 3,893,072 122,261,710 687;,579,312 481,,105,683 206,,473,629 561,635,530 476,257,695 85,377,835 127,841,368 3,720,430 124,120,938 689,,476,898 479;,978,125 209,,498,773 Other silyer items held. 197 TEEASUEEB, N o . 2 4 . — E S T I M A T E D STOCK OF SILVER COIN, THE AMOUNT IN THE T R E A S U R Y , AND THE AMOUNT I N CIRCULATION AT THE E N D OF E A C H M O N T H , FROM JANUARY, 1902; ALSO SILVER O T H E R T H A N STOCK H E L D I N T H E TREASURY—Continued. Month. 1907—January: Estimated stock. I n t h e Treasury.. Incirculation February: Estimated stock. I n t h e Treasury.. In circulation March: Estimated stock. In the Treasury.. Incirculation April: Estimated stock. I n the Treasury.. In circulation.... May: Estimated stock. In the Treasury.. In circulation June: Estimated stock. In the Treasury.. In circulation".... July: Estiraated stock. In the Treasury.. Incirculation August: Estimated stock. I n t h e Treasury.. In circulation September: Estimated stock. I n t h e Treasury.. Incirculation October: Estimated stock.. In the Treasury.., ^Incirculation November: Estimated stock.. ° In the Treasury... In circulation December: Estiinated stock.. In the Treasury... In circulation 1908—January: Estimated stock.. In the Treasury... Incirculation February: Estimated stock.. In the Treasury.. Incirculation 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 stoclc.. In the Treasury.. Incirculation July: Estimated stock.. In the Treasury... In circulation August: Estimated stock.. In the Treasury.. In circulation standard dollars. Subsidiary silver. $561,763,530 478,590,490 83,173,040 $127,474,478 7,066,315 120,408,163 $689,238,008 485,656,805 203,581,203 $8,109,187 561,866,530 478,948,749 82,917,781 128,134,4417,361,332 120,773,109 690,000,971 486,310,081 203,690,890 8,744,627 561,969,530 479,045,824 82,923,706 128,435,053 7,375,520 121,059,533 690,404,583 486,421,344 203,983,239 8.768,509 562,069,530 479,541,226 82,528,304 129,769,489 8,419,788 121,349,701 ,839,019 487;,961,014 203;,878,005 8,720,760 562,173,530 480,089,588 82,083,942 130,779,018 • 9,052,491 121,726,527 692;,952,548 489;,142,079 203;,810,469 8,852,565 562,261,982 480,551,538 81,710,444 130,-452,218 8,674,817 121,777,401 ,714,200 ,226,355 203,487,845 10,028,075 562,360,530 481,104,863 81,255,667 130,836,567 8,587,949 122,248,618 ,197,097 ,692,812 203,504,285 10,410,249 562,464,530 480,350,162 82,114,368 131,504,478 8,385,569 123,118,909 ,969,008 ,735,731 205;,233,277 10,260,408 562,544,530 477,786,364 84,758,166 132,799,079 7,812,842 124,986,237 695.,343,609 485;,599,206 ,744,403 9,374,258 562,636,982 473,814,023 88,822,959 134,122,602 6,661,373 127,461,229 696, 759,584 480, 475,396 216,284,188 8,925,446 562,703,982 471,724,433 90,979,549 136,201,145 3,221,533 132,979,612 905,127 474, 945,966 223,959,161 8,652,090 562,770,982 471,458,554 91,312,428 139,630,994 4,650,135 134,980,859 702, 401,976 476, 108,689 226,293,287 8,534,984 562,849,982 473,292,890 89,557,092 141,517,793 10,816,738 130,701,055 704,367,775 109,628 258,147 9,715,900 562,930,982 476,391,757 86,539,225 143,464,623 16,075,711 127,388,912 706,395,605 492, 467,468 213, 928,137 10,264,137 563,009,982 479,412,996 83,596,986 144,486,463 18,452,313 126,034,150 707, 496,445 497, 865,309 209, 631,136 11,305,261 563,097,982 482,347,588 80,750,394 144,809,002 20,267,842 .124,541,160 707,906,984 502, 615,430 205, 291,554 11,128,435 563,179,982 485,076,651 78,103,331 143,538,263 22,155,411 121,382,852 706,,718,245 507,,232,062 199,,486,183 10,829,470 563,277,812 486,949,155 76,328,657 147,355,783 23,177,618 124,178,165 710, 633,595 510, 126,773 200, 506,822 11,078,247 563,357,982 .488,172,848 75,185; 134 147,005,385 24,222,649 122,782,736 710, 363,367 512,395,497 197,967,870 10,642,882 563,413,982 488,522,887 74,891,095 147,779,837 23,774,263 124,005,574 711, 193,819 512, 297,150 198, 'io,'432,'468 Other silver items held. 198 REPORT ON T H E FINANCES. N o . 2 4 . — E S T I M A T E D STOCK OF SILVERCCOIN, THE AMOUNT IN THE T R E A S U R Y , AND THE AMOUNT IN CIRCULATION AT THE END OF E A C H MONTH, F R O M JANUARY, 1962; ALSO SILVER O T H E R T H A N STOCK H E L D IN THE TREASURY—Continued. Month. 1908—September: E s t i m a t e d stock. In the Treasury. Incirculation... October: E s t i m a t e d stock. In the Treasury. In circulation... November: E s t i m a t e d stock. I n t h e Treasury. Incirculation... December: E s t i m a t e d stock, I n t h e Treasury. In circulation... 1909—January: E s t i m a t e d stock, ^In t h e T r e a s u r y . ^Incirculation... February: E s t i m a t e d stock. In the Treasury. In circulation... March: E s t i m a t e d stock. In theTreasury. In circulation... April: E s t i m a t e d stock. In theTreasury. In circulation... May: E s t i m a t e d stock In the Treasury. Incirculation... June: E s t i m a t e d stock In theTreasury. Incirculation... July: E s t i m a t e d stock I n ^he T r e a s u r y . In circulation... August: E s t i m a t e d stock In theTreasury. In circulation... Septeraber: E s t i r a a t e d stock In the Treasury. Incirculation... ' I O t h e r silvjer items held. standard dollars. Subsidary silver. Total. $563,493,982 488,409,835 75,084,147 $145,770,090 21,746,013 124,024,077 $709,264,072 510,155,848 199,108,224 $10,156,193 563,554 488,814: 74,740; 150,935,970 19,272,269 131,663,701 714,490,782 508,086,836 206,403,946 9,903,;429 563,610 488,379: 75,213; 151,173,805 17,913,465 133,260,340 714,784,617 506,310,584 208,474,033 9,720,;695 563,663, 491,220 72,443; 153,226,112 18,162,747 135,063,365 716,889,924 509,382,966 207,506,958 8,"920,''444 563,734; 490,964; 72,770, 154,387,552 22,899,998 131,487,554 718,122,364 513,864,135 204,258,229 9,205,407 563,791 491,632; 72,158; 155,622,140 24,855,000 130,767,140 719,413,952 516,487,913 202,926,039 8,761,1650 563,861 492,179, 71,682; 153,845,035 25,957,101 127,887,934 717,706,847 518,136,398 199,570,449 8,828,567 563,930, 492,700: 71,229; 154,608„399 26,899,135 127,709,264 718,539,211 519,600,129 198,939,082 1,384,577 563,985 493,245: 70,740; 158,587,115 27,250,163 131,336,952 722,572,927 520,495,749 202,077,178 8,151,.328 564,061, 492,073: 71,'"~' 159,408,546 27,076,748 132,331,798 723,470,265 519,150,567 204,319,698 8,457,393 564,090, 492,203: 71,887; 159,428,122 26,571,114 132,857,008 723,518,934 518,774,238 204,744,696 8,'S52,;521 564,139 491,582; 72,556; 155,766,307 25,270,932 130,495,375 719,906,119 516,853,763 203,052,356 8,306,:676 564,188; 490,610 73,578; 160,026,753 21,577,881 138,448,872 724,215,565 512,187,964 212,027,601 8, .127,!316 199 TEEASUEEE. N o . 2 5 . — U N I T E D STATES N O T E S , T R E A S U R Y N O T E S , AND NATIONAL-BANK NOTES" OUTSTANDING, IN THE T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF EACH M O N T H , . FROM J A N U A R Y , 1902. Month. 1902—January: Outstanding In the Treasury. In circulation... February: Outstanding In the Treasury. Incirculation... March: Outstanding In the Treasury. In circulation April: Outstanding In the Treasury. In circulation... May: Outstanding In the Treasury. Incirculation... June: Outstanding In the Treasury. In circulation — July: Outstanding In the Treasury. In circulation... August: Outstanding In the Treasury. Incirculation... September: Outstanding In the Treasury. Incirculation... October: Outstanding In the Treasury. In circulation... November: Outstanding In the Treasury. In circulation... December: Outstanding • In the Treasury. In circulation... 1903—January: Outstanding In the Treasury. In circulation... February: Outstanding In the Treasury. Incirculation... March: . Outstanding I n the Treasury. Incirculation... April: Outstanding In the Treasury. Incirculation... "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... United States notes. Treasury notes. Nationalbank notes. $346,681: 10,999; 335,681; $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 11,278; 335,402; 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 9,987; 336,693, 33,963,000 81,881 33,881,119 357,476,407 9,141,233 348,335,174 738,120,423 19,210,285 718,910,138 346,681 8,572; 338,108, 32,638,000 89,427 32,548,573 356,987,399 8,982,718 348,004,681 736,306,415 17,645,047 718,661^368 346,681 8,536 338,144; .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 12,389, 334,291 30,000,000 197,224 29,802,776 356,672,091 11,195,575 345,476,516 733,353,107 23,782,093 709,571,014 346,681 9,252, 337,428, 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 5,539; 341,141, 27,701,000 78,250 27,622,750 361,282,691 14,725,312 346,557,379 735,664,707 20,342,804 715,321,903 346,681 3,750; 342,930; 26,836,000 94,210 26,741,790 366,993,598 14,610,339 352,383,259 740,510,614 18,455,479 722,055,136 346,681 3,041 343,639; 25,796,000 47,722 25,748,278 380,476,334 13,468,852 367,007,482 752,953,350 16,558,508 736,394,842 346,681 2,897: 343,783; 25,054,000 131,485 24,922,515 384,854,514 •13,302,019 371,552,495 756,589,530 16,330,979 740,258,551 346,681 2,910, 343,770; 24,053,000 .132,574 23,920,426 384,929,784 16,251,253 368,678,531 755,663,806 19,293,985 736,369,810 346,681 6,473 340,207; 22,953,000 87,522 22,865,478 383,973,546 21,569,293 362,404,253 753,607,562 28,130,318 725,477,244 346,681 4,288; 342,392; 22,232,000 106,901 22,125,099 382,798,845 16,011,286 366,787,559 751,711,861 20,406,410 731,305,451 346,681 2,406, 344,274; 21,501,000 80,828 21,420,172 382,519,258 9,733,404 372,785,854 750,701,274 12,220,566 738,480,708 346,681: 4,607: 342,073; 20,795,000 124,260 20,670,740 391,151,728 9,845,606 381,306,122 758,627,744 14,577,633 744,050,111 346,681 6,571 340,109; 20,013,000 146,258 19,866,742 406,443,205 11,352,287 395,090,918 773,137,221 18,070,023 755,067,198 346,681, 12,432; 334,248, 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 11,485, 335,195, 18,556,000 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 11,303; 335,377; 17,970,000 119,746 17,850,254 418,587,975 19,203,045 399,384,930 783,238,991 30,626,239 752,612,762 Total. 200 REPORT ON T H E FINANCES. N o . 2 5 . — U N I T E D STATES N O T E S , T R E A S U R Y N O T E S , AND NATIONAL-BANK N O T E S OUTSTANDING, IN THE T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF EACH MONTH, FROM JANUARY, 1902—Continued. Month. 1903—September: • • Outstanding In the Treasury Incirculation... October: Outstanding In the Treasury Incirculation... November: Outstanding I n the Treasury, Incirculation... December: Outstanding In the Treasury In circulation... 1904—January: Outstanding I n t h e Treasury Incirculation... February: Outstanding In the Treasury Incirculation... March: Outstanding In the Treasury Incirculation... April: Outstanding I n the Treasury In circulation... May: Outstanding..., In the Treasury Incirculation... June: Outstanding In the Treasury Incirculation... July: Outstanding In the Treasury Incirculation... August: Outstanding In the Treasury In circulation... September: Outstanding In the Treasury Incirculation... October: Outstanding In the Treasury Incirculation... November: Outstanding In the Treasury Incirculation... December: Outstanding In the Treasury Incirculation... 1905—January: Outstanding In the Treasury Incirculation... February: Outstanding In the Treasury In circulation... March: Outstanding I n t h e Treasury, Incirculation... April: Outstanding In the Treasury Incirculation... ' United Statesnotes. Treasury notes. Nationalbank notes. $346, 10, 336, $17,498,000 162,792 17,335,208 $420; 426,535 . 15, 520,837 404; 905,698 $784,606,1661 25,985,|876 758,619,|675 346, 5, 340, 16,874,000 93,825 16,780,175 419; 610,683 10; 872,165 738,518 783,165,1699 16,685,663 766,480,1036 346, 2, 344, 16,428,000 46,720 16,381,280 106,979 141,361 965,618 784,215,(995 10,575,446 773,640,|549 346, 3, 343, 15,906,000 77,147 15,828,853 425, 163,018 12; 009,829 413; 153,189 787,750,'034 15,495,! 554 346, 8, 15,322,000 88,327 15,233,673 426; 857,627 18; 654,036 203,591 788,860,1643 27,730,559 761,130,|084 14,846,000 65,067 14,780,933 324,310 14; 040,247 416; 2g4,063 791,851; 326 23,473; 789 • 768,377,! 537 14,372,000 57,324 14,314,676 434, 909,942 10, 116,596 424; 793,346 795,962y958 15, 447; 066 780,515i892 13,987,000 133,805 13,853,195 437 080,573 12; 715,566424; 365,007 797,748,589 19,753y 316 777,995,1273 9, 337, 13,473,000 98,576 13,374,424 445; 988,565 14; 257,581 431; 730,984 806,142:581 23,732; 793 782,409,1788 346, 12, 333, 12,978,000 75,943 12,902,057 449; 235,095 16; 207,259 433; 027,836 808,894^111 29,204J 793 779,689] 318 346, 15, 331, 12,653,000 102,234 12,550,766 450; 206,888 17 505,015 432; 701,873 809,540j904 32,609j031 776,931]873 346, 13, 332, 12,225,000 56,813 12,168,187 452, 516,773 18; 623,087 433, 893,686 811,422^789 32,5491697 778,8731092 346, 9, 336, 11,966,000 •105,901 11,860,099 456; 079,408 14; 051,921 442; 027, 487 814,726; 424 23,914)080 790,812|344 346, 4, 342, 11,613,000 61,113 11,551,887 457; 281,500 12; 041,082 445; 240,418 815,5751 516 16,6501790 798,9241720 346, 4, 342, 11,331,000 44,070 11,286,930 460; 679,075 12, 298,003 448; 381,072 818,69l|091 16,3991452 802,2911639 346, 4, 342, 11,019,000 78,946 10,940,054 464; 794,156 15; 636,878 449; 157,278 822,494! 172 20,1091213 802,3841959 346, 12, 334, 10,702,000 107,207 10,594,793 467, 422,853 20; 884,648 446; 538,205 824,805>869 33,209,851 791,5961018 346, 14, 332, 10,330,000 46,417 10,283,583 469, 203,840 16, 107,136 453; 096,704 826,2l4856 346, • 14, 332, 10,111,000 63,224 10,047,776 475, 948,945 12, 128,995 463; 819,950 832,740i961 26,8081362 805,932,599 346, 15, 331, 9,865,000 481 244,945 12; 854,398 390,647 837,790>961 27,9051618 809,885,343 Total. 772,254,1480 1 337, 346, 337, 346, 5, 341, 346, 6, 339, 346, 42,866 ? 222,1 ;?.4 30,2151186 795,9991670 201 TREASURER. i o . 2 5 o — U N I T E D STATES N O T E S , TREASURY N O T E S , AND NATIONAL-BANK N O T E S OUTSTANDING, IN THE T R E A S U R Y , AND I N CIRCULATION AT THE E N D OF EACH M O N T H , FROM JANUARY, 1902—Continued. Month. 1905—May: Outstanding In the Treasury. Incirculation... June: Outstanding I n t h e Treasury. In circulation... July: Outstanding In the Treasury. In circulation... August: Outstanding I n t h e Treasury. In circulation... September: Outstanding In the Treasury. Incirculation... October: Outstanding I n t h e Treasury, Incirculation... November: Outstanding.... I n the Treasury. Incirculation... December: Outstauding I n t h e Treasury. In circulation... 1906—January: Outstanding In the Treasury, Incirculation... February: Outstanding In the Treasury. Incirculation... March: Outstanding In the Treasury, In circulation... April: Outstanding I n t h e Treasury, Incirculation... May: Outstanding In the Treasury. • Incirculation... June: Outstanding In the Treasury, Incirculation... July: Outstanding In the Treasury In circulation... August: Outstanding In the Treasury, In circulation... September: Outstanding In the Treasury Incirculation... October: Outstanding I n the Treasury Incirculation... November: Outstanding I n the Treasury In circulation... December: Outstanding... I n the Treasury Incirculation.., United States notes. Treasury notes. Nationalbank notes. Total. $346,681,016 14,396,323 332,284,693 $9,617,000 33,709 9,583,291 $488,327,516 13,968,127 474,359,389 $844,626,532 28,398,159 816,227,373 346,681,016 14,260,319 332,420,697 9,413,000 140,982 9,272,018 495,719,806 15,690,957 480,028,849 851,813,822 30,092,258 821,721,564 346,681,016 15,249,241 331,431,775 9,165,000 41,425 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 20,100,441 492,119,926 867,885,383 33,306,093 834,579,290 3401681,016 10,342,090 330,338,926 8,795,000 30,142 8,764,858 516,352,240 16,101,921 500,250,319 871,828,256 26,474,163 845,354,103 346,681,016 6,573,536 340,107,480 8,621,000 26,622 8,594,378 524,408,249 12,194,985 512,213,264 879,710,265 18,795,143 860,916,122 346,681,016 3,484,466 343,196,550 8,478,000 42,278 8,435,722 533,329,258 12,088,485 521,240,773 888,488,274 15,615,229 872,873,045 346,681,016 3,418,925 343,262,091 8,330,000 55,110 8,274,884 540,914,347 13,740,872 527,173,475 895,925,363 17,214,913 878,710,450 346,681,016 8,987,735 337,693,281 8,086,000 28,721 8,057,279 543,230,080 18,740,257 524,489,823 897,997,096 27,756,713 870,240,383 346,681,016 • 10,594,139 336,086,877 7,969,000 56,545 7,912,455 550,803,895 13,588,277 537,215,618 905,453,911 24,238,961 881,214,950 346,681,016 9,156,935 337,524,081 7,794,000 ) 554,666,967 25,905 13,589,751 7,768,095 541,077,216 909,141,983 22,772,591 886,369,392 346,681,016 9,550,695 337,130,321 7,661,000 20,961 7,640,039 556,646,282 11,880,323 544,765,959 910,988,298 21,451,979 889,536,319 346,681,016 11,128,123 335,552,893 7,504,000 26,782 7,477,218 559,129,660 13,869,358 545,260,302 913,314,676 25,024,263 888,290,413 346,681,016 10,740,796 335,940,220 7,386,000 48,680 7,337,320 561,112,360 13, 111, 122 548,001,238 915,179,376 23,900,598 891,278,778 346,681,016 10,221,624 336,459,392 7,232,00017,004 7,214,996 661,481,045 12,983,507 548,497,538 915,394,061 23,222,135 892,171,926 346,681,010 7,592,170 338,728,846 7,129,000 16,748 . 7,112,252 569,852,303 10,556,637 559,295,666 923,662,319 18,525,555 905,136,764 346,681,016 3,822,418 342,858,598 7,021,000 22,438 6,998,562 573,903,108 9,755,104 564,148,004 927,605,124 13,599,960 914,005,164 346,681,016 2,164,867 344,516,149 6,912,000 17,482 6,894,518 583,171,985 8,649,611 674,522,374 936,765,001 10,831,960 926,933,041 346,681,016 3,420,694 343,260,322 6,827,000 15,424 6,811,576 693,380,549 9,916,945 683,463,604 946,888,565 13,353,063 933,536,502 346,681,016 4,772,663 341,908,363 6,616,000 16,171 6,600,829 596,162,469 11,105,884 685,056,586 949,469,485 15,893,718 933,565,767 202 REPORT ON T H E FINANCES. N o . 2 5 . — U N I T E D STATES N O T E S , T R E A S U R Y N O T E S , AND NATIONAL-BANK N O T E S OUTSTANDING, IN THE T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF EACH M O N T H , PROM JANUARY, 1902—Continued. i Month. 1907—January: Outstanding I n t h e Treasury. Incirculation February: Outstanding I n the Treasury. In circulation.;.. March: Outstanding In the Treasury. Incirculation April: Outstanding In the Treasury. Incirculation May: Outstanding I n t h e Treasury. Incirculation June: Outstanding In the Treasury. Incirculation July: Outstanding In the Treasury. Incirculation August: Outstanding In the Treasury. Incirculation September: Outstanding.... I n t h e Treasury. In circulation October: Outstanding In the Treasury.. In circulation November: Outstanding In the Treasury.. In circulation Deceraber: Outstanding In the Treasury.. In circulation 1908—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.. • Incirculation July: Outstanding In the Treasury.. In circulation August: Outstanding In the Treasury. .• In circulation United States notes Treasury notes. Nationalbank notes. $346,681,016 8,121,292 338,559,724 $6,488,000 14,460 6,473,540 $596,197,669 17,950,662 678,246,907 $949,366,585 26,086,4i4 923,280,1;71 346,681,016 7,753,498 338,927,518 6,385,000 17,909 6,367,091 596,343,022 13,584,999 582,758,023 949,409,0'38 21,356,406 928,052,632 346,681,016 4,934,562, 341,746,454 6,282,000 10,259 6,271,741 597,212,063 10,388,420 586,823,643 950,175,079 15,333,241 934,841,338 346,681,016 4,701,774 341,979,242 6,182,000 13,242 6,168,758 599,913,840 11,516,291 588,397,549 952,776,856 16,231,307 936,545,549 346,681,016 3,580,823 343,100,193 6,078,000 11,220 6,066,780 601,940,550 11,910,342 590,030,208 954,699,566 15,502,385 939,197,181 346,681,016 4,410,961 342,270,055 5,988,000 12,465 5,975,535 603,788,690 14,546,565 589,242,125 956,457,706 18,969,991 937,487,715 346,681,016 5,576,546 341,104,470 5,891,000 9,950 5,881,050 603,395,886 16,876,682 586,519,204 955,967,902 22,463,178 . 933,504,724 346,681,016 4,179,244 342,501,772 5,787,000 9,039 5,777,961 604,056,321 17,135,485 586,920,836 956,524,337 21,323,768 935,200,569 346,681,016 3,555,391 343,125,625 5,707,000 6,652 "5,700,348 603,987,114 19,711,565 584,275,549 956,375,130 23,273,608 933,101,522 346,681,016 3,426,863 343,254,153 5,613,000 11,074 5,601,926 609,980,466 14,856,600 595,123,866 962,274,482 18,294,537 943,979,945 346,681,016 1,998,059 344,682,957 5,546,000 8,933 5,537,067 656,218,196 7,323,079 648,895,117 1,008,445,212 9,330,071 999,115,141 346,681,016 1,405,594 345,275,422 5,479,000 • 9,944 5,469,056 690,130,895 11,096,231 679,034,664 1,042,290,911 12,511,769 1,029,779,(142 346,681,016 7,509,361 339,171,655 5,400,000 695;402,762 1,047,483,778 7,516 30,401,444 37,918,321" 5,392,484 • 665,001,318 1,009,565, ;457 346,681,016 9,627,701 337,053,315 5,319,000 10,499 5,308,501 695,674,519 30,955,156 664,719,363 1,047,674,1535 40,593,j356 1,007,081,179 346,681,016 13,167,707 333,513,309 5,240,000 14,256 5,225,744 696,407,355 40,581,561 655,825,794 1,048,328,1371 53,763,1524 994,564,1847 346,681,016 10,449,437 336,231,579 5,152,000 12,735 5,139,265 697,645,698 49,767,343 647,878,355 1,049,478,1714 60,229,1515 989,249,|199 346,681,016 11,488,742 335,192,274 5,070,000 16,101 5,053,899 698,449,517 60,997,318 637,452,199 1,050,200,1533 72,502,: 161 977,698,1372 346,681,016 7,284,694 339,396,322 4,982,000 18,470 4,963,530 698,333,917 66,685,237 631,648,680 1,049,996,1933 73,988,: 401 976,008;532 346,681,016 5,645,634 241,035,382 4,903,000 13,211 4,889,789 692,088,991 64,772,332 627,316,659 1,043,673; 007 70,431,1177 973,241 ,'830 346,681,016 5,369,090 341,311,926 4,847,000 9,582 4,837,418 685,326,108 54,692,308 630,633,800 1,036,854:124 60,070,'908 976,783;144 Total. i 203 TEEASUEEE. N o . 2 5 . ^ U N I T E D STATES N O T E S , TREASURY N O T E S , AND NATIONAL-BANK N O T E S OUTSTANDING, IN THE T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF EACH MONTH, FROM JANUARY, 1902—Continued. Mgnth. 1908—September: Outstanding In the Treasury. In circulation... October: r; Outstanding In the Treasury. In cirgulation... November: Outstanding In the Treasury. In circulation... December: Outstanding In the Treasury. In circulation... 1909—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, Incirculation... July: Outstanding In the Treasury In circulation... August: Outstanding In the Treasury In circulation... September: Outstanding In the Treasury In circulation... United States notes. Treasury notes. Nationalb a n k notes. $346,681,016 5,490,551 341, 190,465 $4,767,000 16,191 4,750,809 $675,612,327 $1,027,060,343 39,829,288 45,336,030 635,783,039 981,724,313 346, 681,016 3,686,960 342, 994,056 4,705,000 13,175 4,691,225 665,844,192 22,642,191 643,202,001 1,017,230,208 26,342,926 990,887,282 346, 681,016 3,043,833 343, 637,183 4,649,000 10,143 4,638,857 667,178,177 17,752,117 649,426,060 1,018,508,193 20,806,093 997,702,100 346, 681,016 10, 258,047 336,422,969 4,596,000 6,811 4,589,189 677,068,165 25,287,727 651,780,438 1,028,345,181 . 35,552,585 992,792,596 346, 681,016 8,661,996 338,019,020 4,525,000 15,276 4,509; 724 676,673,092 37,762,721 638,910,371 1,027,879,108 46,439,993 981,439,115 346,681,016 10,922,510 335, 758,506 4,468,000 15,336 4,452,664 678,285,600 1,029,434,616 . 30,686,733 41,624,579 647,598,867 ' 987,810,037 346,681,016 7,552,169 339,128,847 4,398,000 11,193 4,386,807 684,407,615 22,816,033 661,591,582 346, 681,016 5,902,751 340, 778,265 4,329,000 •8,481 4,320,519 687,408,227 1,038,418,243 25,263,392 31,174,624 662,144,835' 1,007,243,619 346, 681,016 7,158,209 339, 522,807 • 4,274,000 8,812 4,265,188 688,183,115 25,425,734 662,757,381 1,039,138,131 32,592,755 1,006,545,376 346, 681,016 6,562,749 340, 118,267 4,215,000 11,585 4,203,415 689,920,074 24,381,268 665,538,806 1,040,816,090 30,955, 602 1,009,860,488 346, 681,016 7,752,582 338, 928,434 4,169,000 12,879 4,156,121 695,354,164 27,406,977 667,947,187 1,046,204,180 35,172,438 1,011,031,742 346, 681,016 6,905,751 339,775,265 4,120,000 12,725 4,107,275 698,845,474 26,902,024 671,943,450 1,049,646,490 33,820, 500 1,015,825,990 346, 681,016 4,278,924 342,402,092 4,071,000 7,165 4,063,835 702,807,459 23,641,951 679,165,508 1,053,559,475 27,928,040 1,025,631,435 Total. 1,035,486,631 30,379,395 1,005,107,236 204 REPORT ON T H E FINANCES. N o . 2 6 . — G O L D CERTIFICATES AND SILVER CERTIFICATES OUTSTANDING, I N T H E T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF EACH M O N T H , FROM JANUARY, 1902. Month. 1902—January: Outstanding I n the Treasury.. Incirculation February: Outstanding I n the Treasury.. Incirculation March: • Outstanding I n the Treasury.. Incirculation April: Outstanding I n the Treasury.. Incirculation May: Outstanding In the Treasury.. Incirculation.... June: Outstanding I n the Treasury., Incirculation July: ^ Outstanding In the Treasury., Incirculation August: Outstanding I n the Treasury.. Incirculation September: Outstanding I n the Treasury.. Incirculation October: Outstanding I n the Treasury.. Incirculation November: Outstanding In the Treasury.. Incirculation • December: Outstanding In the Treasury.. Incirculation 1903—January: Outstanding In the Treasury.. Incirculation.... February: Outstanding I n the Treasury.. Incirculation March: Outstanding In the Treasury.. Incirculation April: Outstanding I n the Treasury.. Incirculation May: Outstanding In the Treasury.. Incirculation June: Outstanding In the Treasury.. Incirculation July: ' Outstanding In the Treasury.. Incirculation August: Outstanding I n the Treasury.. Incirculation Gold certificates. Silver certificates. $325,722,089 18,217,250 307,504,839 $453,089,000 10,077,520 443,011,480 330,258,089 24,502,390 305,755,699 450,471,000 6,673,704 443,797,296 780,729,089 . 31,176,094 749,552,995 334,581,089 36,093,110 298,487,979 454,255,000 6,672,408 447,582,592 788,836,089 42,765,518 746,070,571 341,620,089 38,345,600 303,274,489 455,944,000 6,820,496 449,123,504 797,564,089 45,166,096 752,397,993 345,272,089 '^ 455,607,000 39,129,220 7,657,584 306,142,869 447,949,416 Total. $778,811,089 28,294,770 750,516,319 800,879,089 46,786,804 754,092,285 346,612,089 40,213,080 , 306,399,009 453,997,000 7,439.338 446,557; 662 800,609,089 47,652,418 752,956,671 356,985,089 42,221,070 314,764,019 456,217,000 8,771,458 447,445,542 813,202,089 50,992,528 762,209,561 359,390,089 52,745,150 306,644,939 458,785,000 6,427,977 452,357,023 818,175,089 59,173,127 759,001,962 363,311,089 58,929,035 304,382,054 465,752,000 6,180,522 459,571,478 829,063,089 65,109,557 763,953,532 367,078,569 24,322,375 342,756,194 467,442,000 4,271,562 463,170,438 834,520,569 28,593,937 805,926,632 376,358,569 30,406,545 345,952,024 467,824,000 4,519,160 463,304,840 844,182,569 34,925,705 809,256,864 383,564,069 37,145,250 346,418,819 468,957,000 5,386,368 463,570,632 852,521,069 42,531,618 809,989,451 398,621,069 22,586,255 376,034,814 465,297,000 8,440,401 456,856,599 863,918,069 31,026,656 832,891,413 399,062,069 25,930,025 373,132,044 463,431,000 6,276,417 457,154,583 862,493,069 32,206,442 830,286,627 402,008,069 39,083,070 362,924,999 466,498,000 4,910,447 461,587,553 868,506,069 43,993,517 824,512,552 410,257,869 28,626,410 381,631,459 464,373,000 5,129,354 459,243,646 • 874,630,869 33,755,764 840,875,105 411,199,869 29,945,380 381,254,489 462,550,000 5,963,269 456,586,731 873,749,869 35,908,649 837,841,220 409,119,869 31,861,310 377,258,559 464,706,000 9,972,987 454,733,013 873,825,869 41,834,297 831,991,572 412,087,869 25,718,470 386,369,399 463,614,000 8,720,068 454,893,932 875,701,869 34,438,538 841,263,331 416,385,869 22,229,950 394,155,919 462,384,000 6,455,616 455,928,384 878,769,869 28,685,566 850,084,303 205 TEEASUEEE. N o . 2 6 . — G O L D CERTIFICATES AND SILVER CERTIFICATES OUTSTANDING, IN THE T R E A S U R Y , AND IN CIRCULATION AT THE E N D - OF EACH MONTH, FROM JANUARY, 1902—Continued. Month. 1903—September: Outstanding In the Treasury. In circulation... October: Outstanding In the Treasury. Incirculation... November: Outstanding In the Treasury. Incirculation... December: Outstanding In the 'treasury. In circulation... 1904—January: Outstanding In the Treasury. In circulation... February: Outstanding In the Treasury. Incirculation... March: Outstanding In the Treasury. In circulation... April: Outstanding In the Treasury. Incirculation... May: Outstanding In the Treasury. In circulation... June: Outstanding In the Treasury. Incirculation... July: Outstanding In the Treasury. In circulation... August: Outstanding In the Treasury. In circulation... September: Outstanding In the Treasury. Tn c i r c u l a t i o n . . . October: Outstanding I n t h e Treasury. Incirculation... November: Outstanding.:.. In the Treasury. Incirculation... December: Outstanding.... In the Treasury. Incirculation... 1905—January: Outstanding I n the Treasury. Incirculation... February: Outstanding In the Treasury. In circulation... March: Outstanding— In t h e Treasury. Incirculation... April: Outstanding— I n t h e Treasury. Incirculation,., Gold certificates. Silver certificates. $420,487,869 26,390,210 394,097,659 $464,715,000 ' 6,192,784 458,522,216 $885,202,869 32,582,994 852,619,875 433,198,869 3i; 552,570 401,646,299 469,771,000 7,407,961 462,363,039 . 902,969,869 38,960,531 864,009,338 441,739,869 37,668,940 404,070,929 473,041,000 6,539,918 466,501,082 914,780,869 44,208,858 870,572,011 447,175,869 26,095,850 421,080,019 472,247,000 6,410,710 465,836,290 919,422,869 32,506,560 886,916,309 487,949,869 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 23,537,788 924,308,081 467,660,869 18,311,300 449,349,569 473,085,000 7,032,921 466,052,079 940,745,869 25,344,221 915,401,648 493,457,869 29,509,800 403,948,069 472,555,000 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 46,846,114 914,790,755 494,630,569 28,975,470 465,655,099 470,476,000 9,337,302 461,138,698 965,106,569 38,312,772 926,793,797 521,430,969 20,566,840 500,864,129 469,645,000 10,123,090 459,521,910 '991,075,969 30,689,930 960,386,039 527,336,969 23,617,510 503,719,459 468,329,000 6,808,840 461,520,160 995,665,969 30,426,350 965,239,619 528,491,969 41,979,830 486,512,139 474,322,000 6,182,124 468,139,876 1,002,813,969 48,161,954 954,652,015 531,479,969 41,286,210 490,193,759 478,464,000 5,750,168 472,713,832 1,009,943,969 47,036,378 962,907,591 530,780,969 60,678,500 470,102,469 477,320,000 5,735,556 471,584,444 1,008,100,969 .66,414,056 941,686,913 524,684,969 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 35,525,600 490,434,369 474,225,000 13,974,954 460,250,046 1,000,184,969 49,500,554 950,684,415 521,149,969 38,593,150 482,556,819 469,655,000 7,893,101 461,761,899 990,804,969 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 51,754,074 934,746,895 519,204,969 32,062,750 487,142,219 469,349,000 6,502,487 462,846,513 988,553,969 38,565,237 949,988,732 Total. 206 REPORT ON T H E FINANCES. N o . 2 6 . — G O L D CERTIFICATES AND SILVER CERTIFICATES OUTSTANDING, IN THE T R E A S U R Y , AND I N CIRCULATION AT THE E N D OF EACH MONTH, FROM JANUARY, 1902—Continued. Month. 1905—May: Outstanding..... In the Treasury.. In circulation June: Outstanding In the Treasury.. In circulation July: Outstanding In the Treasury.. Incirculation August: Outstanding In the Treasury.. In circulation September: Outstanding In the Treasury.. In circulation October: Outstanding In the Treasury.. Incirculation November: Outstanding In the Treasury.. In circulation December: Outstanding In the Treasury.. In circulation 1906—January: Outstanding In the Treasury.. In circulation February: Outstanding In the Treasury.; Incirculation March: 'Outstanding In the Treasury.. Incirculation April: Outstanding In the Treasury.. Incirculation May: Outstanding In the Treasury.. Incirculation June: Outstanding I n the Treasury.. Incirculation July: Outstanding In the Treasury.. Incirculation August: Outstanding In the Treasury. Incirculation September: Outstanding In the Treasury.. Incirculation October: Outstanding I n t h e Treasury. Incirculation November: Outstanding I n the Treasury. Incirculation December: Outstanding In the Treasury. Incirculation Gold certificates. Silver certificates. $519,762,969 36,851,970 482,910,999 $466,150,000 5,687,897 460,462,103 $985,912,969 42,539,867 943,373,102 517,789,969 32,579,220 485,210,749 465,265,000 10,400,292 454,864,708 983,054,969 42,979,512 940,075,457 518,411,969 24,974,090 •493,437,879 466,150,000 7,631,049 458,518,951 984,561,969 32,605,139 951,956,830 522,202,969 30,867,730 491,335,239 471,735,000 7,395,959 464,339,041 993,937,969 38,263,689 955,674,280 520,047,969 48,451,990 471,595,979 475,017,000 5,043,693 469,973,307 995,064,969 53,495,683 941,569,286 524,455,969 44,490,530 479,965,439 476,308,000 4,682,224 471,625,776 1,000,763,969 ,49,172,754 951,591,215 526,020,869 48,866,620 477,154,249 475,735,000 4,770,752 470,964,248 1,001,755,869 53,637,372 948,118,497 527,493,869 46,554,850 480,939,019 475,574,000 11,613,515 463,960,485 1,003,067,869 58,168,365 944,899,504 539,252,869 30,683,230 508,569,639 467,926,000 8,906,866 459,019,134 1,007,178,869 39,590,096 967,588,673 542,360,869 50,627,550 491,733,319 467,164,000 4,411,037 462,752,963 1,009,524,869 55,038,587 954,486,282 544,740,869 54,916,250 489,830,619 469,729,000 4,618,305 465,110,695 1,014,475,869 59,534,555 954,941,314 550,691,869 49,995,480 500,696,389 472,644,000 5,069,530 467,574,470 1,023,335,869 55,065,010 968,270,859 557,599,869 43,796,080 513,803,789 474,640,000 4,976,414 469,663,586 1,032,239,869 48,772,494 983,467,375 560,059,869 43,498,020 516,561,849 477,473,000 5,952,946 471,520,054 1,037,532,869 49,450,966 988,081,903 563,984,869 34,671,490 529,313,379 477,637,000 6,844,312 470,792,688 1,041,621,869 41,515,802 1,000,106,067 569,739,869 49,773,980 519,965,889 481,392,000 8,099,009 473,292,991 1,051,131,869 57,872;989 993,258,880 581,740,869 39,882,940 541,857,929 478,562,000 4,223,690 474,338,310 1,060.302,869 44,106,630 1,016,196,239 Total. 619,617,869 477,368,000 1,096,985,869 43,659, 450 3,948,551 47,608,001 . 575,958, 419 473, 419, 449 1,049,377,868 628,059,869 55,087,750 572,972,119 477,203,000 1,105,262,869 7,084, 417 62,172,167 470,118,583 1,043,090,702 639,114,869 58,719,670 580,395,199 476,256,000 8,438,975 467,817,025 1,115,370,869 67,158,645 1,048,212,224 207 TEEASUEEE. N o . 2 6 . — G O L D CERTIFICATES AND SILVER CERTIFICATES OUTSTANDING, IN THE T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF EACH M O N T H , FROM JANUARY, 1902—Continued. Month. 1907—January: Outstanding In the Treasury. Incirculation February: Outstanding I n the Treasury. In circulation March: Outstanding In the Treasury. Incirculation April: Outstanding In the Treasury. In circulation" May: Outstanding In the Treasury. Incirculation June: Outstanding In the Treasury. Incirculation July: Outstanding In the Treasury. Incirculation August: . Outstanding In the Treasury. Incirculation Septeraber: Outstanding In the Treasury. In circulation October: Outstanding In the Treasury.. In circulation Noveraber: Outstanding In the Treasury.. In circulation December: Outstanding In the Treasury.. In circulation. 1908—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.... Gold certificates. Silver certificates. $652,570,869 35,006,180 617,564,689 $475,642,000 $1,128,212,869 12,705,811 47,711,991 462,936,189 1,080,500,878 646,082,869 44,623,470 601,459,399 471,993,000 1,118,075,869 7,370,511 51,993,981 464,622, 489 1,066,081,888 652,191,869 42,018,390 610,173,479 471,673,000 4,710,967 466,962,033 1,123,864,869 46,729,357 1,077,135,512 672,336,869 41,965,030 630,371,839 476,150,000 6,320,837 469,829,163 1,148,486,869 48,285,867 1,100,201,002 681,249,869 50,614,460 630,635,409 475,734,000 5,274,748 470,459,252 1,156,983,869 55,889,208 1,101,094,661 678,424,869 78,352,570 600,072,299 475,777,000 5,565,775 470,211,225 1,164,201,869 83,918,346 1,070,283,624 694,930,869 80,469,480 614,461,389 474,068,000 10,251,563 463,816,437 1,168,998,869 90,721,043 1,078,277,826 ' 710,938,869 83,033,260 627,905,609 472,011,000 11,505,829 460,505,171 1,182,949,869 94,539,089 1,088, 410,780 720,889,869 80,685,260 640,204,609 473,723,000 12,875,749 460,847,251 1,194,612,869 93,661,009 1,101,051,860 Total. 748,637,869 71,341,960 677,295,909 471,527,000 1,220,164,869 . 78,519,392 7,177,432 . 464,349,568 1,141,645, 477 747,218,869 71,582,660 675,636,209 471,687,000 1,218,905,869 74,316,540 2, 733,880 468,953,120 1,144,589,329 767,005,869 60,393,520 706,612,349 471,416,000 3,684,653 467,731,347 1,238,421,869 64,078,173 1,174,343,696 610,215,869 40,586,510 769,629,359 464,704,000 11,290,360 453,413,640 1,274,919,869 51,876,870 1,223,042,999 830,046,869 ' 38,384,970 791,661,899 457,044,000 10,852,631 446,191,369 1,287,090,869 49,237,601 1,237,853,268 835,010,869 26,670,040 808,340,829 452,048,000 13,866,783 438,181,217 1,287,058,869 40,536,823 1,246,522,046 846,910,869 29,584,390 817,326, 479 463,778,000 17,520,019 446,257,981 1,310,688,869 47,104, 409 1,263,584,460 825,730,869 42,022,380 783,708, 489 474,054,000 1,299,784,869 59,407,896 17,385,516 456,668, 484 1,240,376,973 822,923,869 39,947,250 782,976,619 474,350,000 9,071,295 465,278,705 1,297,273,869 49,018,545 1,248,255,324 818,758,869 34, 485,260 784,273,609 484,054,000 9,363,038 474,690,962 1,302,812,869 43,848,298 1,258,964,571 837,564,869 30,911,760 806,653,109 487,768,000 12,684,277 475,083,723 1,325,332,869 43,596,037 1,281,736,832 208 REPORT ON T H E FINANCES. N o . 2 6 . — G O L D CERTIFICATES AND SILVER CERTIFICATES OUTSTANDING, IN THE T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF E A C H MONTH, FROM JANUARY, 1902—Continued. Month. 1908—September: Outstanding In the Treasury I n circulation... October: Outstanding In the Treasury Incirculation... November: Outstanding In the Treasury Incirculation... December: Outstanding In the Treasury In circulation..; 1909—January: Outstanding... In the Treasury Incirculation.. February: Outstanding... In the Treasury In circulation... March: Outstanding In the Treasury In circulation.., April: Outstanding In the Treasury Incirculation... May: Outstanding In the Treasury Incirculation... June: Outstanding In the Treasury Incirculation... July: Outstanding In the Treasury In circulation... August: Outstanding In the Treasury In circulation... September: Outstanding In the Treasury In circulation... Gold certificates. Silver certificates. $842,045,869 36,378,105 805,667,764 $488,208,000 $1,330,253,869 12,364,058 48,742,163 . 475,843,942 1,281,511,706 Total. 850,817,869 43,571,480 807,246,389 488,793,000 4,893,158 483,899,842 1,339,610,869 48,464,638 1,291,146,231 863,262,869 49,618,530 813,644,339 488,125,000 7,382,500 480,742,500 1,351,387,809 57,001,030 1,294,386,839 858,272,869 56,412,360 801,860,509 491,216,000 1,349,488,869 20,378,201, 76,790,561 470,837,799 1,272,698,308 864,263,869 25,956,330 838,307,539 480,898,000 19,535,237 461,362,763 1,345,161,869 45,491,567 1,299,670,302 860,341,869 47,699,690 812,642,179 484,754,000 13,342,608 471,411,392 1,345,095,869 61,042,298 1,284,053,571 844,617,869 47,661,660 796,956,209 483;365,000 6,607,037 476,757,963 1,327,982,869 54,268,697 1,273,714,172 846,698,869 42,089,580 804,609,289 482,547,000 5,965,203 476,581,797 1,329,245,869 48,054,783 1,281,191,086 842,855,869 27,461; 850 815,394,019 486,390,000 6,987,843 479,402,157 1,329,245,869 34,449,693 1,294,796,170 852,751,869 37,746,420 815,005,449 484,414,000 6,696,676 477,717,324 1,337,165,869 44,443,090 1,292,722,773 852,034,869 46;750,510 805,284,359 487,008,000 9,-794,233 477,213,767 1,339,042,809 56,544,743 1,282,498,120 859,392,869 47,920,700 811,472,169 487,586,000 9,501,446 478,084,554 1,346,978,869 57,422,146 1,289,556,723 864,162,869 58,645,710 805,517,159 484,826,000 5,135,169 479,690,831 1,348,988,869 63,780.8791,285,207,990 209 TEEASUEEE. No. 2 7 . — E S T I M A T E D STOCK OF ALL K I N D S OF M O N E Y AT THE E N D OF EACH M O N T H , FROM J A N U A R Y , 1902. [Notes include United States notes. T r e a s u r y notes, a n d n a t i o n a l - b a n k notes.] Month. 181,279,087 $625,264,543 $743,658,631 $2,550 202,261 740,461,883 2,545; 959,824 178,031,493 627,466,448 738,120,423 2,546 192,462 178,540,790 629,531,249 862,141 736,306,415 2,552, 183,652,727 632,902,999 734,735,200 2,553, 441,367 184,588,889 634,117,278 266,658 733,353,107 2,563, 192,594,589 637,318,962 734,428,200 2,567, 261,863 193,925,457 638,908,206 306,217 735,664,707 2,579 203,511,751 640,129,759 740,510,614 2,597; 094,935 215,234,885 641,349,436 963,267 752,953,350 2,627, 230,672,772 644,337,145 756,589,530 2,645 558,394 242,330,760 646,638,098 558 755,663,800 2,651, 246,876,715 648,868,043 753,607,562 2,656, 559,109 252,842,475 650,109,072 057,088 751,711,861 2,661, 258,046,481 651,298,746 750,701,274 2,664, 845,910 261,743,201 652,401,435 758,627,744 2,679, 340,932 267,303,579 653,409,609 773,137,221 2,688, 961,878 . 261,445,124 654,379,533 779,594,666 2,684, 710,987 248,681,528 656,434,793 782,583,503 2,695 440,174 255,749,068 657,107,603 693,662 783,238,991 2,708; 267,733,949 657,720,722' 784,605,551 2,720, 680,550 277,362,651 658,712,348 579,721 783,165,699 2,724, 282,291,903 659,122,119 784,215,995 2,742, 299,781 298,107,736 659,976,050 152,326 787,750,034 2,763, 314,622,524 660,779,768 788,860,643 2,777 054,774 326,841,555 661,352,576 311,428 791,851,326 2,793; 337,357,717 664,102,385 960,136 795,962,958 2,808 985,446 348,803,970 664,193,208 797,748,589 2,814 300,789 351,984,577 665,252,280 806,142,581 2,7851 504,135 313,120,808 666,037,340 808,894,111 2,803 711,247 327,656,398 666,953,626 809,540,904 2,818; 273,316 342,422,740 666,747,603 811,422,789 2,829 333,734 349,896,565 667,953,962 814,726,424 2,835 292,930 351,455,968 669,151,342 815,575,516 2,848 363,047,081 669,670,333 236,023 818,691,091 2,840, 103,169 351,415,633 670,129,299 822,494,172 2,839, 997,584 345,952,535 670,656,462 824,805,869 2,836, 937,327 341,206,452 670,985,263 826,214,856 2,828: 907,406 331,165,720 671,556,751 832,740,901 2,842: 979,520 338,274,546 671,891,899 837,790,961 2,853: 344,583 343,897,159 672,291,400 844,625,532 2,869, 109,864. 352,063,028 672,656,023 851,813,822 2,883' 791,907 357,655,988 673,640,054 859,817,411 2,901' 394,085 368,427,343 673,547,153 867;885,383 2,921: 766,271 379,804,314 673,704,388 871,828,256 2,933: 558,851 387,257,928 674,680,087 879,710,265 2,959 402,142 404,686,516 675,162,070 888,488,274 2,976: 758,207 411,777,450 676,136,418 895,925,363 2,992: 471,555 419,943,124 676,889,720 897,^997,0'96 2,998: 890,171 905,453,911 423,220,213 677,254,246 542,640 2,999: 909,141,983 417,007,439 677,428,821 910,988,298 3,004 926,507 418,202,210 677,198,447 901,107 913,314,676 3,021 433,450,570 677,487,639 915,179,376 3,057 976,591 466,921,374 677,665,057 821,881 915,394,061 3,069 475,706,765 679,090,450 923,662,319 3,089 096,498 495,606,494 678,821,326 927,605,124 3,111 732,552 507,503,849 679,930,330 936,765,001 3,148 ; 508,961. 539,840,778 681,286,650 366,789 946,888,565 •3,188: ,566,619,131 685,124,829 949,459,485 3,211 1954,768 576,898,912 687,579,312 720,700 949,366,585 3,225 587,018,385 689,476,898 949,409,038 3,236:;382,436 598,116,107 689,238,008 ,953,412 950,175,079 3,244' 604,972,427 690,000,971 952,776,85J6 3,251 509,616 ;611;373,750 690,404,583 954,699,566 3,262:1789,005 ,617,893,741 691,839,019 956,457,706 3,266',561,007 619,136,891692,952,548 955,967,902 3,115 ,333,737 ,466,389,101 692,714,200 956,524,337 3,123 ,056,673 ,474,168,738 693,197,097 956,375,130 3,123 ,688,449 ,472,563,328 693,969,008 962,274,482 3,134 ,776,911 ,482,969,710 695,343,609 [1,008,445,212 3,148;,065,058 ,489,742,845 696,759,584 3,269 ,223,380 ,561,714,719 698,905,127 1,042,290,911 1,047,483,778 3,349: 452,108 ,604,530,493 702,401,976 1,047,674,535 3,380' 918,614 ,628,600,555 704,367,775 1,048,328,371 3,389:;390,430 ,635,848,474 706,395,605 1,049,478,714 3 ""'^',653,082 ,642,565,614 707,496,445 1,050,200,533 ,932,711 3,396: 764,020 ,639,267,384 707,906,984 1,049,996,933 3,372 ;336,263 ,616,013,933 706,718,245 1,043,673,007 3,378 ,618,133,492 710,633,595 '1.030,854,124 ,606,891 3,384 ,630,299,889 710,363,367 3,389 ,641,558,948 711,193,819 1902—January February... March April May June July August September.. October November.. December... 1903-- J a n u a r y . . . : . February... March April :.. May June July August September.. October November.. December.., 1904—January February... March April May f: June July August September.. October November.. December.. 1905—January February... March AprU , May June July August September. October November.. Deceraber.. 1906—January February... March April May June July August September. October November.. December.. 1907—January February.. March April May June July August September. October November. December.. 1908—January February.. March .. April May June July August 13518—FI 1909- -14 210 •REPORT ON T H E EINANCES. N o . 27.- -ESTIMATED STOCK OF ALL K I N D S OF M O N E Y AT THE E N D OF E A C H MONTH, FROM JANUARY, 1902—Continued. Gold. Month. 1908—September. October... November. December. 1909—January... February.. March April May Jmie luly August— Septeniber, No. Silver. $1,643 681,386 $709,204,072 714,490,782 1,649,358,744 714,784,617 1,658, 844,151 716,889,924 881,807 •1,653; 718,122,364 1,649; 029,303 719,413,952 1,656, 725,109 717,706,847 1,645; 422,056 718,539,211 489, 542 1,649, 722,572,927 1,644, 900,733 723,470,265 1,642; 041,999 723,518,934 1, 637,811,127 719,900,119 495,783 1,636, 724,215,565 1,646, 833,501 Notes. Aggregate. $1,027 060,343 $3,380; 005,801 1,017; 230,208 3,381, 079,734 1,018 508,193 3,392, 136,961 1,028: 345,181 3,399; 116,912 1,027; 879,108 3,395, 030,775 1,029, 434,616 3, 405;573,677 1,035, 486,631 3,398; 615,534 1,038, 418,243 3,406, 446,996 1,039, 138,131 3,406, 611,791 1,040, 816,090 3,406; 328,354 1,046,204,180 3. 407,534,241 1,049,646,490 3, 406,048,392 1,053, 559, 475 3,424; 608,541 2 8 . — E S T I M A T E D AMOUNT OF ALL K I N D S OF M O N E Y IN CIRCULATION AT THE E N D OF EACH MONTH, FROM JANUARY, 1902. Month. 1902—January... February. March..... April May June July August September October... November. •Deceraber. 1903—Jariuary... February. March April May June July August Septeraber October... Noveraber. December. 1904 - J a n u a r y , . . February.. March April May June July August Septeraber October... Noveraber Deceinber. 1905—January... February. March April May June July August September October-.. Noveraber. Deceraber. 1906—January... February. March April May June July August September Gold: $634,733,847 633,454,585 635,194,761 637,432,952 631,891,627 632,394,289 631,156,433 632,209,118 624,728,060 624,373,645 631,410,968 629,680,632 629,023,915 625,262,655 622,002,398 623,132,460 623,982,009 617,260,739 620,879,790 620,375,159 622,550,934 621,753,297 627,025,092 627,970,533 627,905,855 638,909,710 650,924,710 656,159,418 644,894,548 645,817,576 644,112,980 646,664,812 (341,844,863 641,793,093 647,500,549 649,548,528 649,527,502 645,751,720 644,726,546 644,423,211 650,979,108 651,063,589 650,616,580 653,003,548 052,330,135 651,644,998 649,040,390 654,168,025 654,793,697 648,856,052 643,993,307 672,524,404 683,426,878 668,655,075 675,979,661 676,179,514 084,268,074 Silver. Notes. $155,138,712 $719,562,831 152,820,313 718,141,366 151,871,887 718,910,138 152,257,929 718,661,368 151,514,629 716,917,434 154,468,577 709,571,014 155,128,924 712,111,219 158,399,962 715,321,903 164,949,924 722,055,135 169,416,873 736,394,842 171,783,775 740,258,551 172,661,003 736,369,815 168,346,262 725,477,244 167,141,597 731,305,451 166,762,285 738,480,708 166,296,044 744,050,111 165,284,398 755,067,198 165,117,934 753,321,924 164,814,734 755,060,643 165,829,964 752,612,752 170,826,585 758,619,675 175,152,197 • 766,480,036 177,930,766 773,640,549 179,204,575 772,254,480 173,433,925 761,130,084 171,886,569 768,377,537 169,796,973 780,515,892 168,463,291 777,995,273 167,184,826 782,409,788 166,842,169 779,689,318 165,158,611 776,931,873 167,502,461 778,873,092 174,840,267 790,812,344 179,851,251 798,924,726 182,409,266 802,291,639 182,930,722 802,384,959 177,241,230 791,596,018 174,544,604 795,999y.670 173,586,943 805,932,599 173,709,400 809,885,343 174,091,133 816,227,373 175,022,043 821,721,564 175,024,657 827,304,234 178,401,936 834,579,2^0 184,976,867 845,354,103 188,980,243 860,915,122 192,102,607 872,873,045 193,765,592 878,710,450 188,007,079 870,240,383 186,745,219 881,214,950 191,200,775 886,369,392 189,918,721 889,536,319 188,496,454 888,290,413 188,630,872 891,278,778 189,091,784 892,171,926 192,338,141 905,136,764 197,664,217 914,005,164 Certificates. Total. $750, 516,319 $2,259 951,709 749, 552,995 2,253, 969,259 • 746,070,571 2,252 047,357 752, 397,993 2,260,,750,242 754, 092,285 2,254 415,975 752, 956,671* 2,249, 390,551 762, 209,561 2,260, 606,137 759, 001,962 2,264, 932,945 763, 953,532 2,275, 686,651 805, 926,632 2,336, 111,992 256,864 2,352, 710,158 989,451 2,348, 700,901 832, 891,413 2,355, 738,834 830, 286,627 2,353, 996,330 824, 512,552 2,351, 757,943 840, 875,105 2,374, 353,720 837; 841,220 2,382, 174,825 831, 9911572 2,367, 692,169 841, 263,331 2,382, 018,498 850; 084,303 2,388, 902,178 852, 619,875 2,404, 617,069 864, 009,338 2,427;,394,868 870; 572,Oil 2,449;,168,418 886, 916,309 2,466;,345,897 925, 509,437 2,487;,979,301 924, 308,081 2,503,,481,897 915: 401,648 2,516,,639,223 ' 930: 027,153 2,532,, 645,135 914, 790,755 2,509,,279,917 926; 793,797 2,519;,142,860 c 960, 386,039 2,546;,589,503 965, 239,619 2,558;,279,984 954, 652,015 2,562;,149,489 962, 907,591 2,583,,476,661 941, 686,913 2,573, 888,367 934; 756,916 2,569, 621,125 950, 684,415 2,569;,049,165 944, 318,718 2,560, 614,712 934, 746,895 2,558; 992,983 949, 988,732 2,578; 006,686 943; 373,102 2,584; 670,716 940; 075,457 2,587, 882,653 •951, 956,830 2,604;,902,301 955, 674,280 2,621, 659,054 941, 569,286 2,624;,230,391 951, 591,215 2,653,,131,578 948, 118,497 2,662,,134,539 944, 899,504 2,671,,543,571 967, 588,773 2,680,,629,932 954, 486,282 2,671,,302,503 954, 941,314 2,676, 504,788 968, 270,859 2,720, 250,303 467,375 2,743; 681,120 081,903 2,736; 646,628 1,000 106,067 2,757; 349,438 993: 258,880 2,766; 913,299 2,812, 133,694 1,016: 196,239 211 TEEASUEEE. No. 2 8 . — E S T I M A T E D AMOUNT OF ALL K I N D S OF M O N E Y I N CIRCULATION AT T H E E N D OF EACH MONTH FROM JANUARY, 1902—Continued. Silver. Month. 1906—October... November. December. 1907—January... February., March April'. May June July August September. October... November. December. 1908—January... February.. March April May June July • August September October... November. December. 1909—January... February.. March April May June July August September $687, 686,761 685, 974,422 692; 623,564 695, 539,841 692, 895,812 690, 439,279 691, 481,469 695, 680,258 561, 697,371 566, 036,725 560, 356,994 561, 956,589 574, 459,086 640, 577,952 648, 573,173 641, 496,096 633, 804,057 629; 732,705 628; 168,888 618, 620,761 613; 244,810 615; 788,276 619; 990,263 615; 955,118 610; 060,562 616; 998,061 619. 317,841 605; 944,900 609; 988,359 608, 292,659 609, 289,337 605, 243,676 599, 337,698 596: 806, 435 587; 838,757 593, 443, 000 $203,885,116 206,473,629 209,498,773 203,581,203 203,690> 890 203,983,239 203,878,005 203,810,469 203,487,845 203,504,285 205,233,277 209,744,403 216,284,188 223,959,161 226,293,287 220,2.58,147 213,928,137 209,631,136 205,291,554 199,486,183 200,506,822 197,967,870 198,896,669 199,108,224 206,403,946 208, 474,033 207,506,958 204,258,229 202,926,039 199,570, 449 198,939,082 202,077,178 204,319,698 204,744, 696 203,052,356 212,027, 601 Notes. Certificates. Total. $925, 933,041 $1,049, 377,868 $2,866,882,786 933, 535,502 1,043,090,702 2,869;074,255 933, 5651767 1,048; 212,224 2,883,900,328 923, 280,171 1,080; 500,878 2,902.902,093 928, 052,632 1,066,081,888 2,890; 721,222 934, 841,838 1,077; 135,512 2,900; 399,868 936, 545,549 1,100,201,002 2,932; 106,025 939, 197,181 1,101,094,661 2,939,782,569 937, 487,715 1,070; 283,524 2,772,956,-455 . 933,504,724 1,078;277,826 2,781; 323,560 935, 200,569 1,088; 410,780 2,789, 201,620 933, 101,522 1,101, 051,860 2,805,854,374 943, 979,945 1,141; 645,477 2,876; 368,696 999, 115.141 1,144, 589,329 3,008;241,583 1,029, 779.142 1,174; 343,696 3,078;989,298 1,009, 565,457 1,223; 042,999 3,094, 362,699 1,007, 081,179 1,237; 853,268 3,092, 666,641 994, 564,847 1,246, 522,046 3,080, 450,734 989, 249,199 1,263, 584,460 3,086,294,101 977, 698,372 1,240, 376,973 3,036; 182,289 976, 008,532 1,248, 255,324 3,038,015,488 973, 241,830 1,258,964,571 3,045,962,547 976, 783,144 1,281, 736,832- 3,077, 406,908 981, 724,313 511,706 3,078,299,361 990, 887,282 1,281; 146;231 3,098; 498,021 997, 702,100 1,291; 386,839 3,117; 561,033 1,294, 992, 792,596 698,308 3,092; 315,703 1,272, 439,115 1,299, 670,302 3,091; 312,546 810,037 1,284, 053,571 3,084; 778,006 714,172 3,086; 684,516 1,005; 107,236 1,273; 191,086 3,096; 663,124 1,007, 243,619 1,281, 796,176 3,108, 662, 406 1,006, 545,376 1,294, 722,773 3,106,240,657 1,009, 860,488 1,292, 498,126 3,095; 080,999 1,011; 031,742 1,-282; 556,723 3,096, 273,826 1,015; 825,990 1,289, 207,990 631, 435 3,121, 310,026 1,025; 1,285, 212 REPORT ON T H E FINANCES. N o . 29.—^ASSETS OF THE TREASURY OTHER THAN GOLD, SILVER, N O T E S , AND C E R TIFICATES AT THE E N D OF EACH MONTH, FROM JANUARY, 1903. Month. 1903—January... February.. March April May June July August September. October... November. Deceraber. 1904—January... February.. March April May June July August Septeraber. October... November. December. 1905—January... February.. March April. May June July August September. October... November. December. 1906—January... February.. March April May June July August September. October... November. December 1907—January... February.. March April May June July August Septeraber. October Noveraber. December. 1908—January... February.. March. April May June July August September. October... November December. 1909—January... February . March April ^.. May June July August September Fractional Minor coin. currency. $785,660 768,751 960,342 813,250 " 619,756 •894,800 811,582 681,149 406,643 480,614 454,573 450,940 698,843 796,872 918,729 872,480 811,692 755,791 732,250 655,318 596,892 631,235 694,817 636,709 807,961 858,860 1,018,504 912,228 809,158 926,154 787,987 621,910 602,146 534,560 248,495 471,820 696,215 754,470 855,028 760,142 578,825 1,359,586 1,243,896 967,924 672,132 967,506 495,608 601,133 1,065,121 1,063,125 893,730 2,022,713 1,834,313 1,642,938 1,424,650 1,183,838 884,615 1,500,150 1,133,863 1,159,206 1,665,027 1,995,907 2,826,075 2,771,583 2,869,089 3,164,307 3,077,284 3,096,834 2,896,359 2,665,449 2,306,071 2,023,737 2,360,179 2,423,955 2,802,819 2,745,130 2,582,133 2,607,433 2,430,978 1,923,098 1,972,344 Deposits in Deposits treasury of Bonds and interest in national Philippine paid. banks. Islands. $154 $150,098 202 150,552 150,150 182 150,389: 226 150,557 202 147,842 941 151,662 116 152,317 298 161,778 84 167,329 156 168,047 115 166,446 61 166,595 118 162,505: 156 162,058: 178 162,729' 209 114,533 204 110,726 200 112,642: 128 112,841' 195 112,303 172 114,558 100 112,041 187 111,550 95 102,407 142 102,128 187 89,395' 173 88,257: 72 78,457, 119 73,757f, 99 65,715 150 64,059: 524 64,618: 88 65,726: 151 . 65,607: 88 64,764 144 64,343 74 65,333 137 76,350 103 102,918 152 92,534: 126 90,443 154 84,480 195 106,355 128 134,619, 158 148,975, 191 145,559 137 158,753 154 160,654 58 150,486 73 165,235 159 178,691, 80 183,810, 150 178,741' 57 156,990 91 157,102, 147 170,512, 56 220,270 92 236,548 107 256,920, 172 238,190: 75 230,515' 129 202,662 47 200,713 117 164,912: 85 160,357 141 130,660 75 128,907 125 129,925 92 131,693 135 130,111 97 123,928: 239 103 . 100,511' 72,343 165 70,516 35 71,159, 59 72,946 146 71,662 79 54,022 118 51,651 53 50,604 53 $3,588,431 3,876,460 4,122,463 4,019,978 3,422,901 3,609,367 4,670,205 4,908,445 5,712,601 5,777,747 5,522,362 5,162,946 5,971,496 5,119,272 6,146,607 7,316,937 6,452,880 5,824,703 5,794,510 5,211,669 4,699,741 5,538,431 4,735,870 4,925,371 4,368,929 3,739,480 2,824,469 3,972,622 4,489,951 3,935,870 4,122,039 4,820,624 5,195,977 5,148,603 5,064,704 4,921,755 3,713,519 4,318,437 3,449,265 5,177,552 4,898,673 5,314,735 4,730,064 5,003,377 4,398,584 •4,200,305 3,422,551 3,887,713 3,799,552 4,112,786 2,984,102 4,253,678 4,731,183 5,593,866 5,064,571 3,939,200 4,353,145 4,004,169 2,996,970 4,064,367 3,366,421 2,451,942 1,971,066 5,448,751 6,455,226 4,687,105 4,029,618 4,769,987 5,009,728 4,323,011 3,472,902 "4,428,338 4,135,946 4,282,808 2,770,878 5,901,272 5,032,190 4,800,898 $45,235 41,477 28,199 64,488 58,428 46,120 73,177 28,200 1,116,969 95,249 -48,535 54,175 232,740 24,113 28,383 82,267 38,907 58,153 63,100 17,357 37,919 26,801 26,830 37,412 41,474 31,839 17,788 50,721 22,553 67,261 34,972 31,148 36,998 36,239 43,131 156,234 121,499 26,907 31,265 43,613 217,095 53,238 24,468 34,740 29,247 27,759 22,452 346,897 13,319 30,790 596,606 26,454 40,690 60,383 517,924 105,052 59,216 49,155 56,113 57,051 15,537 32,014 11,764 22,738 37,736 33,221 21,707 17,174 9,766 18,978 27,618 26,098 23,526 24,988 18,087 24,688 59,070 18,663 26,376 9,115 4,579 213 TREASURER. NOo 3 0 . - A S S E T S O F T H E T R E A S U R Y 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 , 1903. 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... Noveraber. • December.. 1905—January... February.. March April May June July August September. October... November. December.. 1906—January... February.. March April May June July August:... September. October... November. December.. 1907—January... , February.. March April May June July August September. October November. December.. 1908—January February.. March ' April May June July August September. October November. Deceraber . 1909—January . . . February.. March April May June July August September. Gold. Silver. Notes. Certificates. Other. Total. $28,130,318 $31,026,656 $150,929,275 $1,339, 744, $623,818,560 $505, 507: 317,607 20,406,410 151,363,081 32,206,442 632,783,826 1,344,077; 568: 281,228 12,220,566 151,139,212 43,993,517 639,740,802 1,355,375, 325 510, 402,500 14,577,633 154,856,167 33,755,764 644,171,119 1,357, 763; 183 18,070,023 155,111,992 35,908,649 637, 463,115 510; 796,160 1,357,349; 939 26,272,742 152,906,935 41,834,297 631.420.789 . 512665,861 1.365, 100; 624 512: 796,403 27,522,860 156,567,149 34,438,538 634,869,278 1.366, 194 228 511: 418,978 30,626,239 156,450,325 28,685,566 647.357.790 1.374, 538; 25,985,876 166,911,349 32,582,994 654,811,716 • 506:929,894 1,387,221 502: 306,042 16,685,663 172,576,065 38,960,531 660,538,606 1,391,066; 907 499; 032,256 10,575,446 44,208,858 173,458,729 671,082,644 1,398,957; 933 498; 303,362 15, 495,554 32.506.560 172,664,515 686,651,991 1.405, 621 982 504; 814,015 27,730,559 26,701, 432 173,305,222 698,935,700 1, 431,486; 928 23, 473,789 23,537,788 168,849,021 698,448,007 1,422, 993; 464 508; 684,859 15,447,066 25,344,221 697,879,260 168,168,590 1.417, 322; 776 510; 483,639 19,753,316 35,985,716 695,825,159 169,655,460 1.433,916; 642 512 696,991 23,732,793 46,846,114 668,226,320 120,503,202 1,373, 468; 691 514 160.262 29,204,793 38,312,772 681,838,822 117,687,004 1,382, 535, 846 515; 492, 455 32,609,031 30,689,930 698,309,760 120,755,181 1,398,829; 074 516; 465,172 32,549,697 30,426,350 703,231,753 119,967,169 1,400, 956, 604 514 781,635 23,914,080 48,161,954 709,611,105 118,763,191 1, 408,910, 984 508; 460,654 16,650,790 47,036,378 721,253,988 121,011,128 1, 409,935, 390 503, 983,106 16,399,452 66, 414,056 703,915,084 117,974,992 1.406,519, 931 501 816,347 20,109,213 67,030,053 696,404,007 116,924,812 1,402, 124, 610 501 656, 425 33,209,851 691,678,950 49.500.554 108,795,267 1,390,921 068 507; 736, 446 30,215,186 685,414,000 46,486,251 107,755,105 1,380, 532; 680 510; 662.138 26,808,362 693,548,000 51,754,074 95,356,854 1,379, 196, 553 511 729.263 27,905,618 699, 473,948 512; 182,500 38,565,237 93,588,954 1,371, 716, 257 28,398,159 701,083,920 42,539,867 83,029,103 1,366,975: 312 511 924,263 30,092,258 706,592,399 42,979,512 328,599 77,575.340 1,368, 568: 108 511 32.513.177 717,810,763 32,605,139 70,510; 850 1,364, 449; 019 511 009,090 33,306,093 726,800,766 38,263,689 667,191 69,202,705 1.375,240; 444 507: 26, 474,153 734,927,793 53,495,683 69,193,686 1,385, 672, 058 501' 580,743 18,795,143 753,041,518 49,172,754 363,820 70, 419, 301 1,388, 792, 536 497: 15,615,229 762,737,060 53,637,372 70,720,275 1,397, 152; 286 494; 442,350 17,214,913 765,775,099 58,168,365 697, 317 70,588,542 1,404, 444, 236 492, 27,756,713 768,426,516 39,590,096 70,310,035 1,404, 710, 878 498: 627,518 24,238,961 768,151,387 55,038,587 349,995 71,179,683 1.418,958, 613 500; 22,772,591 774,208,903 59.534.555 82,158,874 1.434, 138, 945 495, 464,022 21,451,979 760,926,166 736,567 55,065,010 1,441, 615, 920 107, 436,198 496: 25,024,263 783,494, 496 48,772,494 1, 453,270, 606 97,649,239 498; 330,114 23,900,598 807,051,690 225,914 49,450,966 1,474, 935; 335 95,306,167 499, 23,222,135 819,626,833 232 472,295 41,515,802 1, 473, 90,926,167 18,525,555 831,324,335 199,436 57,872,989 1,516, 763, 999 112,256,684 13,599,960 855,572,704 492 392,426 44,106,630 1,546, 178: 376 140,635,655 307: 10,831,960 878,932,370 247 489: 560,051 47,608,001 1,581, 154,700,865 13,353,063 890,924,490 488: 839,063 62,172,167 1,6061 633, 796 151,081,013 15,893,718 '894,394,821 487: 427,725 67,158,645 1,628,369, 834 164,099,925 26,086,414 493: 765,992 47,711,991 902,576,266 1,636,974, 418 165,933,755 21,356,406 495: 054,708 51,993,981 1,635,074 485 912,076,615 155,002,775 15,333.241 495: 179,853 46,729,357 1,648, 484 810 920,934,471 170,613,888 16,231,307 496: 681,764 48,285.867 1,672, 790; 087 926,412,272 184,539,877 15,502,385 497: 994,644 55,889,208 1,682, 151 381 923,456,633 189,798,511 18,969,991 499: 254,430 83,918,345 1.690,641 414 904,691,730 183,428,918 500; 103„061 90,721,043 22.463.178 1,684.263; 843 908,132,013 163,186,548 498; 996.139 94,539,089 21,323,768 1,690,605, 769 912,206,334 163,122,439 494 973;464 93,561,009 23,273,608 1,709, 187, 167 921,013,121 177,049,965 489; 400,842 78,519,392 18,294,537 1, 728,871' 123 915,283,759 226,884,593 74,316,540 1,730, 283: 038 9,330,071 921,136, 767 483; 598,056 241,677,604 484 643,673 64,078; 173 1,779, 059: 664 12,511,769 955,957,320 262,489,729 493; 825,528 51,876,870 1,814, 68O; 028 37,918,321 987,104,459 243,874,850 502, 731,605 49,237,601 1,830, 600, 442 40,593,356 1,002,044,417 235,540,463 509, 170,570 40,536,823 1,825, 147: 701 53,763,524 1,012,832,909 209,564,875 47,104,409 1,839, 868: 363 60,229,515 I, Oil, 098, 496 513, 743,865 206,874,078 518, 061,532 59,407,896 1,817, 050; 025 72,502,161 997,383,172 170,271,264 521' 205,020 49,018,545 1,814, 636, 383 73,988,401 1,004,888,682 165,525,735 523: 038,379 43,848,298 1,791,626: 029 70,431,177 1,014,511,613 139,208,562 522: 729,618 43,596,037 1,786; 038; 022 60,070,980 1,021,568,685 138,476,702 520: 312,041 48,742,163 1,779, 442; 024 45,336,030 1,027,726,268 137,518,522 517' 990,265 48,464,638 1,770, 635 683 26,342,926 1,039,298,182 138,407,672 516 031,279 57,001,030 1,772, 503 071 20,806,093 1,041,846,090 137,215,579 518 303,410 1,796,900 760 35,-552,585 1,034,563,966 76.790.561 130,988,238 523: 069,542 1,765, 19 Si524 46,439,993 45,491,567 1,043,084,403 107,218,019 525: 249,563 1,752, 303 025 41,624,579 61,042,298 1,046,736,750 78,265,835 526: 964,965 1,726, 919 203 30,379,395 54,268,697 1,037,129,397 77,765,749 527: 984,706 1,725: 508; 435 31.174,624 48,054,783 1,040,200,205 78,065,117 528: 647,077 1,715: 479, 819 32,592,755 34,449,693 79,870,237 1,039,657,057 527: 607,960 1,722, 216, 813 30,955,602 44,443,096 77,059,854 1.042,704,301 527: 126. 759 1, 722 770, 122 35,172,438 56,544,743 62,381,490 1.041,004,692 525: 160,439 1,723:,230; 098 33,820,500 57,422,146 1,048,657,026 58,615,987 520; 315,280 1,717' 676: 097 27,928,040 63,780,879 1,048,390,501 57,382,397 797: 214 No. REPORT ON T H E FINANCES. 31.—LIABILITIES 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.. 1905—January February.., March , April , M&j , June , July , August September., October November., December.. 1906—January February.., March April May , June , July August...., September., October November.. December.. 1907—January February... March April ... May June July August September.. October November.. Deceraber.. 1908—January February... March April May June July August September.. October Novemb r.. December .. 1909—January February... March , April May' June July August September.. OF THE T R E A S U R Y AT THE JANUARY, 1902. Certificates and Treaslu-y n o t e s . $886,871,069 884,725,069 890,007,069 895,425,869 893,762,869 893,068,869 894,257,869 896,739,869 902,700,869 919,843,869 931,208,869 935,328,869 967,532,869 962,691,869 955,117,869 979,999,869 975,109,869 978,084,569 ,003,728,969 ,007,890,969 ,014,779,969 ,021,556,969 ,019,431,969 ,012,805,969 ,010,886,969 ,001,134,969 996,611,969 998,418,969 995,529,969 992,467,969 993,726,969 002,921,969 003,859,969 009,384,969 010,233,869 011,397,869 015,264,869 ,017,493,869 ,022,269,869 ,030,996,869 ,039,743,869 ,044,918,869 ,048,853,869 ,058,260,869 ,067,323,869 103,897,869 112,089,869 121,986,869 134,700,869 124,460,869 130,146,869 154,668,869 ,163,061,869 ,160,189,869 ,174,889,869 , 188,736,869 ,200,319,869 225,777,869 224,451,869 243,900,869 280,319,869 292,409,869 292,298,869 315,840,869 304,854,869 302,255,869 307,715,869 330,179,869 335,020,869 344,315,869 356,036,869 354,084,869 349,686,869 349,563,869 332,380,869 3331574,869 333,519,869 341,380,869 343,211,869 351,098,869 353,059,869 END Agency' account. OF EACH MONTH, PROM Balance. Total. $84,527,175 $368,345,963 $1,339,774, 207 84,808,827 374,543,470 1,344,077: 366 92,446,267 372,921,989 1,355,375: 325 89,011,127 373,326,187 1,357,763: 183 88,418,172 375,168,898 1,357,349: 939 83,345,641 • 388,886,114 1,365,100; 624 93,644,915 378,291,444 1,366,194 228 94,348,319 383,450,710 1,374,538: 95,103,776 389,417,184 1,387,221 92,585,635 378,637,403 1,391,066 907 98,511,634" 369,237,430 1,398,957; 933 90,918,218 379,374,895 1,405,621, 982 85,208,975 378,745,084 1,431,486: 928 373,068,506 1,422,993: 464 87,233,089 374,699,996 1,417,322: 776 87,504,911 370,919,1881,433,916: 642 82,997,585 313,287,516 1,373,468; 691 85,071,306 322,051,568 1,382,535, 846 82,399,709 304,081,579 1,398,829: 074 91,018,526 297,975,365 1,400,956: 604 95,090,270 301,414,163 1,408,910; 984 92,716,852 296,352,797 1,409,935, 390 92,025,624 293,344,658 1,406,519: 931 93,743,304 296,592,689 1,402,124: 510 92,725,852 290,625,796 1,390,921: 068 89,408,303 290,681,839 1,380,532; 680 88,715,872 291,821,624 1,379,196, 553 90,762,960 284,318,681 1,371,716 257 88,978,607 281,141,378 1,366,975 312 90,303,965 295,477,492 1,368,568 108 80,622,647 279,865,731 1,364,449 019 90,856,319 277,597,345 1,375,240: 444 94,721,130 286,823,693 1,385,672: 058 94,988,396 281,815,289 1,388,792: 536 97,592,278 285,310,840 1,397,152; 286 101,607,577 289,780,373 1,404,444, 236 103,265,994 293,885,083 1,404,710, 878 95,560,926 302,718,086 1,418,958, 613 98,746,658 309,859,322 1,434,138; 945 102,009,754 307,126,224 1,441,615 920 103,492," 827 310,385,376 1,453,270; 606 103,141,361 330,689,355 1,474,935 335 99,327,111 319,963,942 1,473,763; 232 104,945,421 350,686,875 1,516,178, 999 107,231,255 371,213,096 1,546,307, 375 107,770,410 373,300,810 1,581,633, 247" 104,434,568 381,470,287 1,606,369, 796 112,809,640 388,997,076 1,628,974: 834 117,990,889 394,708,207 1,636,074: 418 106, 665,342 400,154,654 1,635,484; 485 110,868,962 402,868,003 1,648,790, 810 115,775,938 401,388,343 1,672,151 087 116,093,875 •407,629,605 1,682,641' 381 111,949,847 422,061,445 1,690,263; 414 108,012,100 388,574,188 1,684,605, 843 121,141,786 386,660,408 1,690,187 769 114,790,492 389,551,314 1,709,871: 167 119,999,984 387,227,019 1,728,283 123 115,278,235 400,551,013 1,730,059 038 105,056,156 419,519,991 1,779,680 664 116,259,804 416,417,301 1,814,600: 028 117,862,858 418,845,804 1,830,147: 442 118,891,769 412,608,191 1,825,868: 701 120,961,641 401,596,988 1,839;0£0: 363 121,612,506 390,933,256 1,817,636: 025 121,847,900 395,171,348 1,814,626: 383 117,199,166 353,628,173 1,791,038: 029 129,693,987 339,890,139 1,786,442: 022 116,372,014 329,052,573 1,779,635; 024 115,561,582 316,882,253 1,770,503 683 109,305,561 301,387,362 1,772,900' 071 115,475,840 319,501,417 1,796,198; 760 122,612,474 299,701,585 1,765,303 524 115,915,070 291,263,813 1,752,919: 025 112,091,343 283,934,071 1,726,508' 203 110,193,263 277,433,835 1,725,479: 435 114,470,731 269,901,309 1,715,216; 819 111,795,641 276,375,428 1,722,770, 813 105,014,516 258,437,755 1,722,230, 122 120,580,498' 247,950,871 1,723,676 098 124,626,358 244,206,114 1,717,797, 097 120,531,114 M5 T^REASUEEE. N o . 32.—^UNITED STATES N O T E S OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1902. Issued during year. T o t a l issued. Redeemed during year. 1902. One d o h a r . . ... Two dohars F i v e doUars T e n doUars $101,120,000 T w e n t y doUars F i f t y doUars One h u n d r e d d o l l a r s . . Five hundred d o U a r s . . . 400,000 One t h o u s a n d d o l l a r s . F i v e t h o u s a n d doUars Ten t h o u s a n d doUars $188,364,160 186,763,048 592,821,760 756,331,240 522,762,400 146,215,200 189,904,000 216,276,000 411,628,000 20,000,000 40,000,000 $53,750.00 114,290.00 21,234,140.00 42,783,450.00 15,971,970.00 2,767,450.00 4,725,200.00 3,531,750.00 10,338,000.00 $186,378,117.80 185,202,694.20 562,662,718.00 562,871,919.00 •468,263,118.00 136,617,075.00 171,976,650.00 207,017,500.00 382,415,000.00 19,990,000.00 39,990,000.00 $1,986,042.20 1,560; 353.80 30,159,042.00 193,459,321.00 54,499,282.00 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 1,000,000.00 101,520,000 3,271,065,808 101,520,000.00 2,924,384,792.00 346,681,016.00 188,364,160 186,763,048 592,821,760 865,931,240 522,762,400 146,215,200 189,904,000 216,276,000 411,628,000 20,000,000 <0,000,000 37,188.00 54,990.00 11,945,017.00 69,557,690.00 13,816,840.00 2,911,825.00 5,354,450.00 1,557,000.00 4,365,000.00 186,415,305.80 185,257,684.20 574,607,735.00 632,429,609.00 482,079,958.00 139,528,900.00 177,331,100.00 208,574,500.00 386,780,000.00 19,990,000.00 39,990,000.00 1,948,854.20 1,505,363.80 18,214,025.00 233,501,631.00 40,682,442.00 6,686,300.00 12,572,900.00 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 1,000,000.00 347,081,016.00 1,000,000.00 109,600,000 3,380,665,808 109,600,000.00 3,033,984,792.00 346,681,016.00 188,364,160 186,763,048 592,821,760 974,371,240 528,682,400 147,015,200 191,714,000 219,276,000 414,338,000 20,000,000 40,000,000 27,510.00 35,280.00 6,349,065.00 96,501,620.00 10,775,500.00 1,687.225.00 3,421,300.00 1,007,500.00 2,875,000.00 186,442,815.80 185,292,964.20 580,956,800.00 728,931,229.00 492,855,458.00 141,216,125.00 180,752,400.00 209,582,000.00 389,655,000.00 19,990,000.00 39,990,000.00 1,921,344.20 1,470,083.80 11,864,960.00 245,440,011.00 35,826,942.00 5,799,075.00 10,961,600.00 9,694 ,'000.00 24,683,000.00 10,000.00 10,000.00 122,680,000 3,503,345,808 422,680,000.00 3,155,664,792.00 1,000,000.00 347,681,016.00 1,000,000.00 122,680,000 3,503,345,808 122,680,000.00 3,156,664,792.00 346,681,016.00 Denomination. Total Unknown, destroyed Net 1903. O n e doUar . Two dollars • Five dollars. T e n doUars T w e n t y doUars F i f t y doUars One h u n d r e d d o l l a r s Five h u n d r e d d o l l a r s . . . One t h o u s a n d d o l l a r s . . . Five t h o u s a n d dollars . Ten t h o u s a n d dollars Total Unkno\\'n, destroyed . . . Net 1904. One d o l l a r . . T w o doUars Five doUars T e n doUars Twenty doUars. . . Fifty dollars One h u n d r e d doUars Five hundred d o l l a r s . . . One t h o u s a n d d o U a r s . . . Five t h o u s a n d d o l l a r s . . T e n t h o u s a n d doUars Total Unknown, destroyed . . . Net 1905. One doUar Two dollars F i v e doUars Ten dollars. T w e n t y dollars Fifty dollars One h u n d r e d d o l l a r s Five hundred d o l l a r s . . . One t h o u s a n d d o U a r s . . . Five t h o u s a n d dollars Ten thousand dollars... Total Unknown, destroyed . Net... 1906. One dollar T w o dollars Five dollars Ten dollars T w e n t y dollars F i f t y doUars One h u n d r e d dollars 109,600,000 108,440,000 5,920,000 . 800,000 1,810.000 3,000,000 ,2,710,000 126,320,000 210,000 22,328.00 188,364,160 23,102.00 186,763,048 3,215,860.00 592,821,760 1,100,691,240 107,412,180.00 9,021,930.00 528,682,400 1,116,750.00 147,015,200 191,714,000 . 2,200,850.00 1,233,000.00 219,276,000 2,284,000.00 414,548,.000 20.000,000 40,000,000 T o t a l redeemed. O u t s t a n d i n g . 186,465,143.80 1,899,016.20 185,316,066.20 1,446,981.80 584,172,660.00 8,649,100.00 836,343,409.00 264,347,831.00 501,877,388.00 26,805,012.00 142,332,875.00 4,682,325.00 182,953,250.00. 8,760,750.00 8,461,000.00 210,815,000.00 22,609,000.00 391,939,000.00 19,990,000.00 10,000.00 39,990,000.00 10,000.00 126,530,000 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 3,629,875,808 126,530,000.00 3,283,194,792.00 346,681,016.00 107,840,000 188,364,160 186,763,048 592,821,760 1,208,531,240 528,682,400 147,015,200 191,714,000 13,093.00 13,952.00 1,706,195.00 95,839,150.00 5,519,560.00 760,150.00 1,500,900.00 186,478,236.80 185,330,018.20 585,878,855.00 932,182,559.00 507,396,948.00 143,093,025.00 184,454,150.00 1,885,923.20 1,433,029.80 6,942,905.00 276,348,681.00 21,285,452.00 3,922,175.00 7,259,850.00 = 216 No. REPORT ON T H E FINANCES. 3 2 . — U N I T E D STATES N O T E S OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING AT T H E CLOSE OF EACH FISCAL Y E A R FROM 1902—Continued. Denomination, Issued during y e a r . Total issued. Redeemed during year. $219,276,000 414,548,000 20,000,000 40,000,000 $717,000.00 1,770,000.00 $211,532,000.00 393,709,000.00 • 19,990,000.00 39,990,000.00 $7,744,000.00 20,839,000 00 10,000.00 10,000.00 $107,840,000 3,737,715,808 107,840,000.00 3,390,034,792.00 1,000,000.00 347,681,016.00 1,000,000.00 107,840,000 3,737,715,808 107,840,000.00 3,391,034,792.00 346,681,016.00 188,364,160 186,763,048 593,521,760 1,312,851,240 528,682,400 147,015,200 191,714,000 219,276,000 414,548,000 20,000,000 40,000,000 10,535.00 11,660.00 1,022,790.00 96,910,975.00 3,719,190.00 480,250.00 1,035,600.00 630,000.00 1,199,000.00 186,488,771.80 185,341,678.20 586,901,645.00 1,029,093,534.00 511,116,138.00 143,573,275.00 185,489,750.00 212,162,000.00 394,908,000.00 19,990,000.00 39,990,000.00 1,875,388.20 1,421,369.80 6,620,115.00 283,757,706.00 17,566,262.00 3,441,925.00 6,224,250.00 7,114,000.00 19,640,000.00 10,000.00 10,000.00 105,020,000 3,842,735,808 105,020,000.00 3,495,054,792.00 1,000,000.00 347,681,016.00 1,000,000.00 105,020,000 3,842,735,808 105,020,000.00 3,496,054,792.00 346,681,016 00 188,364,160 186,763,048 671,741,760 1,335,331,240 531,562,400 147,015,200 193,914,000 219,626,000 432,028,000 20,000,000 40,000,000 14,046.00 13,344.00 9,523,650.00 102,919,770.00 3,275,240.00 466,150.00 1,108,800.00 1,860,000.00 4,419,000.00 10,000.00 186,502,817.80 185,355,022.20 596,425,295.00 1,132,013,304.00 514,391,378.00 144,039,425.00 186,598,550.00 214,022,000.00 399,327,000.00 20,000,000.00 39,990,000.00 1,861,342.20 1,-408,025.S0 75,316,465.00 203,317,936.00 17,171,022.00 2,975,775.00 7,315,450.00 5,604,000.00 32,701,000.00 123,610,000 3,966,345,808 123,610,000.00 3,618,664,792.00 1,000,000.00 347,681,016.00 1,000,000.00 123,610,000 3,966,345,808 123,610,000.00 3,619,664,792.00 346,681,016.00 188,364,160 186,7'63,048 722,261,760 1,389;771,240 535,882,400 147, 015,200 194,974,000 221,926,000 452,328,000 20,000, 000 40,000,000 11,396.00 12,414.00 37,871,840.00 84,440,590.00 4,657,160.00 305,200.00 1,450,400.00 544,000.00 3,587,000.00 186,514,213.80 185,367,436.20 634,297,135.00 1,216,453,894.00 519,048,538.00 144,404,625.00 188,048,950 00 214,566,000.00 402,914,000.00 20,000,000.00 39,990,000.00 1,849,946.20 1,395,611.80 87,964,625.00 173,317,346.00 16,833,862.00 2,610,575.00 6,925,050.00 7,360,000.00 49,414,000.00 132,940,000 4,099,285,808 132,940,000.00 3,751,604,792.00 1,000,000.00 347,681,016.00 1,000,000.00 132,940,000 4,099,285,808 132,940,000.00 3,752,604,792.00 3<6,(381,016.00 190&-Continued. F i v e h u n d r e d doUars One t h o u s a n d d o l l a r s . F i v e t h o u s a n d doUars T e n t h o u s a n d doUars . Total Unknown, destroyed Net 1907. One dollar T w o doUars . . F i v e dollars Ten dollars T w e n t y doUars F i f t y doUars One h u n d r e d d o U a r s . F i v e h u n d r e d doUars. . O n e t h o u s a n d doUars F i v e t h o u s a n d doUars T e n t h o u s a n d doUars Total Unknown, destroyed Net . . . . 700,000 104,320,000 Total redeemed. Outstanding. 1908. One dollar T w o dollars F i v e dollars T e n dollars T w e n t y dollars Fifty dollars .(.... One h u n d r e d dollars F i v e h u n d r e d doUars One t h o u s a n d dollars Five thousand dollars... T e n t h o u s a n d dollars Total U n k n o w n , destroyed 78,220,000 22,480,000 2,880,000 2,200,000 350,000 17,480,000 •10,000.00 • Net 1909. O n e dollar T w o dollars Five doUars..., T e n dollars .* T w e n t y dollars F i f t y doUars O n e h u n d r e d dohars F i v e h u n d r e d dollars . . . One t h o u s a n d dollars . . . Five thousand dollars.. T e n t h o u s a n d dollars Total Unknown, destroyed Net 50,520,000 54,440,000 4,320,000 1,060,000 2,300,000 20.300,000 10,000.00 217 TREASURER. No. 3 3 . — T R E A S U R Y N O T E S OF 1890 OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1902. I s s u e d d u r - T o t a l issued. R e d e e m e d during year. ing year. Denomination. 1902. O n e dollar T w o dollars F i v e doUars T e n dollars T w e n t y doUars F i f t y doUars . One h u n d r e d dollars One t h o u s a n d dollars Total Total redeemed. Outstauding. $64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 $1,066,166 1,059,899 7,379,225 6,256,040 1,599,920 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 35,760,000 1,175,000 18,000,000 52,568,000 348,539 340,901 4,122,540 4,359,010 1,326,760 12,850 139,400 - 107,000 63,933,216 49,195,244 115,704,690 96,355,210 32,449,190 1,117,750 17,389,700 52,047,000 770,784 612,756 5,035,310 8,324,790 3,310,810 57,250 610,300 521,000 .447,435,000 10,757,000 428,192,000 19,243,000 64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 • 1,175,000 18,000,000 52,568,000 143,692 135,338 1,978,730 2,870,470 924,220 11,250 112,300 89,000 64,076,908 49,330,582 117,683,420 99,225,680 33,373,410 1,129,000 17,502,000 52,136,000 627,092 477,418 3,056,580 5,454,320 2,386,590 46,000 498,000 432,000 447,435,000 6,265,000 434,457,000 12,978,000 64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 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 3,665,000 438,022,000 9,413,000 64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 51,670 47,935 464,015 944,030 390,100 6,750 64,500 58,000 64,207,916 49,451,494 119,081,300 101,887,790 34,395,750 1,143,250 17,638,500 52,243,000 496,084 356,506 1,658,700 2,792,210 1,304,250 31,750 361,500 325,000 447,435,000 2,027,000 440,049,000 7,386,000 64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 33,097 32,208 303,515 601,800 266,180 5,100 49,100 107,000 64,241,013 49,483,702 119,384,815 102,489,590 34,661,930 1,148,350 17,687,600^ 52,350,000 462,987 324,298 1,355,185 2,190,410 1,098,070 26,650 312,400 218,000 447,435,000 1,398,000 441,447,000 5,988,000 64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 28,606 26,154 210,790 432,350 202,900 4,100 43,100 58,000 64,269,619 49,509,856 119,595,605 102,921,940 34,864,830 1,152,450 17,730,700 52,408,000 434,381 298,144 1,144,395 1,758,060 895,170 22,550 269,300 160,000 447,-435,000 1,006,000 442,453,000 4,982,000 * 1903. O n e dollar T w o dollars F i v e dollars T e n dollars T w e n t y dollars Fifty doUars O n e h u n d r e d doUars One t h o u s a n d dollars Total 1904. O n e doUar T w o dollars F i v e dollars Ten dollars T w e n t y dollars Fiftv dollars One h u n d r e d dollars One t h o u s a n d d o U a r s . . -. .. Total 1905. One dollar T w o doUars F i v e dollars T e n doUars T w e n t y doUars Fiftv doUars One h u n d r e d d o l l a r s One t h o u s a n d doUars Total i ^ . . .' 1906. O n e doUar T w o doUars F i v e dollars T e n doUars T w e n t y doUars F i f t y doUars One h u n d r e d d o l l a r s O n e t h o u s a n d doUars Total 1907. One doUar F i v e dollars T e n dollars T w e n t y doUars Fifty doUars . One h u n d r e d d o l l a r s O n e t h o u s a n d doUars Total 1908. One dollar T w o dollars F i v e dollars ^ Ten dollars T w e n t y dollars Fifty dollars One h u n d r e d dollars One t h o u s a n d dollars :. Total 218 BEPORT ON T H E FINANCES. N o . 3 3 . — T R E A S U R Y N O T E S OF 1890 OP EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING AT T H E CLOSE OF EACH FISCAL YEAR Y R O M 1902—Cont'd. Issued dur- Total issued. R e d e e m e d ing y e a r . d u r i n g year. Denomination. 1909. O n e dollar T w o dollars F i v e dollars T e n dollars T w e n t y dollars . . Fifty dollars O n e h u n d r e d dollars O n e t h o u s a n d dollars ' Total. No. Total redeemed. Outstanding. $64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 $23,557 20,558 184,005 320,220 167,460 2,300 31,900 17,000 $64,293,176. 49,530,414 119,779,610 103,242,160 35,032,290 1,154,750 17,762,600 52,425,000 $410,824 277,586 960,390 1,437,840 727,710 20,250 237,400 143,000 447,435,000 767,000 443,220,000 4,215,000 3 4 . ^ G O L D CERTIFICATES OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING AT T H E CLOSE OF EACH FISCAL Y E A R FROM 1902. Denomination.' 1902. T w e n t y dollars F i f t y doUars One h u n d r e d d o l l a r s . Five hundred dollars One t h o u s a n d d o l l a r s F i v e t h o u s a n d doUars Ten thousand dollars Total .' 1903. T w e n t y dollars F i f t y doUars One h u n d r e d d o l l a r s Five h u n d r e d dollars One t h o u s a n d d o l l a r s Five t h o u s a n d dollars T e n t h o u s a n d doUars Total 1904. Twenty dollars... F i f t y doUars One h u n d r e d d o l l a r s Five hundred' doUars One t h o u s a n d d o l l a r s Five t h o u s a n d dollars Ten t h o u s a n d dollars Total 1905. T w e n t y doUars Fiftydollars One h u n d r e d d o l l a r s Five h u n d r e d d o l l a r s One t h o u s a n d d o l l a r s . Five t h o u s a n d dollars Ten t h o u s a n d dollars Total 1906. T w e n t y dollars Fifty doUars. One h u n d r e d d o l l a r s Five hundred dollars Ohe t h o u s a n d d o l l a r s Five t h o u s a n d dollars Ten t h o u s a n d dollars Total Issued during year. T o t a l issued. Redeemed during year. Total redeemed. Outstanding. $47,840,000 8,800,000 12,400,000 4,300,000 11,800,000 2,000,000 42,740,000 $166,720,000 52,200,000 83,034,300 76,244,000 225,581,000 603,035,000 761,000,000 $15,704,800 4,127,900 4,992,900 2,057,000 3,093,000 740,000 41,540,000 129,880,000 1,967,814,300 72,255,600 69,520,000 14,200,000 19,200,000 3,500,000 11,300,000 236,240,000 66,400,000 102,234,300 79,744,000 236,881,000 603,035,000 811,710,000 28,375,620 6,393,400 7,705,200 .3,149,000 6,044,000 1,575,000 52,660,000 168,430,000 2,136,244,300 105,902,220 1,727,134,431 409,109,869 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 85,144,000 255,381,000 626,035,000 893,140,000 43,391,200 9,078,300 11,570,300 3,422,500 8,447,000 2,010,000 61,670,000 122,959,436 42,422,295 70,339,500 70,071,000 197,931,500 576,620,000 776,380,000 169,920,564 34,577,705 51,094,800 15,073,000 57,449,500 49,415,000 116,760,000 214,770,000 2,351,014,300 129,589,300 1,856,723,731 494,290,569- 54,240,000 16,400,000 23,200,000 2,800,000 8,300,000 7,250,000 82,520,000. 347,120,000 93,400,000 144,634,300 87,944,000 263,681,000 633,285,000 975,660,000 49,713,400 9,693,250 13,134,950 , 3,431,000 8,318,000 2,010,000 85,120,000 172,672,836 52,115,545 83,474,450 73,502,000 206,249,500 578,630,000 861,500,000 194,710,000 2,545,724,300 171,420,600 66,000,000 12,200,000 16,800,000 4,900,000 11,200,000 5,750,000 83,980,000 413,120,000 105,600,000 161,434,300 92,844,000 274,881,000 639,035,000 1,059,640,000 42,316,000 10,086,600 14,363,500 3,6P3,000 8,947,000 2,045,000 77,270,000 214,987,836 62,202,145 97,837,950 77,105,000 215,196,500 580,675,000 938,770,000 198,132,164 43,397,855 63,596,350 15,739,000 59;684,500 58,360,000 120,870,000 200,830,000 2,746,554,300 158,630,100 2,186,774,431 559,779,869 50,710,000. $51,192,616 $115,527,384 26,950,595 25,249,405 51,064,000 31,970,300 63,499,500 12,744,500 183,440,500 42,140,500 573,035,000 30,000,000 672,050,000 88,950,000 1,621,232,211 346,582,089 79,568,236 156,671,764 33,343,995 33,056,005 58,769,200 43,465,100 66,648,500 13,095,500 189,484,500 47,396,500 574,610,000, 28,425,000 724,710,000' 87,000,000 174,447,164 41,284,455 61,159,850 14,442,000 57,431,500 54,655,000 114,160,000 2,028,144,331, 517,579,969 219 TEEAStfEEE. N o . 3 4 . — G O L D CERTIFICATES OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING AT T H E CLOSE OP EACH FISCAL Y E A R FROM 1902—Continued. Denomination. 1907. Ten dollars Twenty doUars FiftydoUars One hundred doUars.. Five hundred dollars., One thousand dollars. Five thousand dollars, Ten thousand doUars. Total Issued during year. Total issued. Redeemed during year. $40,000 94,800,000 17,600,000 22,400,000 5,100,000 11,500,000 25,005,000 112,100,000 $40,000 507,920,000 123,200,000 183,834,300 97,944,000 286,381,000 664,040,000 1,171,740,000 Total redeemed. Outstanding. $4,000 42,153,800 10,882,700 14,637,500 3,774,000 9,838,000 2,050,000 86,740,000 $4,000 257,141,636 73,084,845 112,475,450 80,879,000 225,034,500 582,725,000 1,025,510,000 $36,000 250,778,364 50,115,155 71,358,850 17,065,000 61,346,500 81,315,000 146,230,000 288,545,000 "3,035,099,300 170,080,000 2,356,854,431 678,244,869 107,760,000 67,280,000 12,000,000 15,600,000 6,100,000 14,300,000 17,000,000 138,320,000 107,800,000 575,200,000 135,200,000 199,434,300 104,044,000 300,681,000 681,040,000 1,310,060,000 9,618,840 60,820,260 11,447,400 14,144,000 3,640,500 10,195,000 16,165,000 110,790,000 9,622,840 317,961,896 84,532,245 126,619,450 84,519,500 235,229,500 598,890,000 1,136,300,000 98,177,160 257,238,104 50,667,755 72,814,850 19,524,500 65,451,500 82,150,000 173,760,000 378,360,000 3,413,459,300 236,821,000 2,593,675,431 819,783,869 39,480,000 45,360,000 6,600,000 14,000,000 1,850,000 15,500,000 23,000,000 148,920,000 147,280,000 620,560,000 141,800,000 213,434,300 105,894,000 316,181,000 704,040,000 1,458,980,000 31,261,540 69,893,560 12,396,800 16,806,600 3,690,500 11,758,000 6,505,000 109,580,000 40,884,380 387,855,456 96,929,045 143,426,050 88,210,000 246,987,500 605,395,000 1,245,880,000 106,395,620 232,704,544 44,870,955 70,OOS, 250 17,684,000 69,193,500 98,645,000 213,100,000 294,710,000 3,708,169,300 261,892,000 2,855,567,431 852,601,869 1908. Ten dollars Twenty dollars Fifty dollars One hundred dollars... Five hundred dollars.. One thousand dollars.. Five thousand dollars. Ten thousand dollars.. Total 1909. Ten doUars Twenty dollars Fiftydollars One hundred dollars.. Five hundred dollars. One thousand dollars. Five thousand dollars Ten thousand doUars. Total ] \ o . 3 5 . — S I L V E R CERTIFICATES OFEACH DENOMINATION ISSUED, R E D E E M E D , A N D O U T S T A N D I N G AT T H E C L O S E O F E A C H F I S C A L Y E A R F R O M 1902. Denomination. 1902. One doUar Two doUars Five doUars Ten doUars;: Twenty dollars Fiftydollars One hundred doUars.. Five hundred dollars.. One thousand doUars. Total Issued durTotal issued. ing year. $59,676,000 31,072,000 141,800,000 •2,960,000 Redeemed during year. $351,776,000 $51,337,586.00 198,440,000 27,694,254.00 758,640,000 83,880,680.00 563,554,000 37,377,730.00 289,506,000 12,722.300.00 • 67,650,000 2,793,650.00 81,540,000 597,300.00 16,650,000 13,500.00 32,490,000 108,000.00 Total redeemed. Outstanding. $284,081,805.90 $67,694,194.10 158,562, 722.60 39,877,277.40 525,011,787.50 233,628,212.50 492,369,889.00 71,184,111.00 256,403,650.00 33,102,350.00 61,625,265.00. 6,024,735.00 79,319, 380.00 2,220,620.00 16,580,500.00 69,500.00 32,294,000.00 196,000.00 1,906,249,000.00 .453,997,000.00 235,508,000 2,360,246,000 216,525,000.00 75,612,000 38,016,000 157,420,000 1,960,000 427,388,000 236,456,000 916,060,000 565,514,000 289,506,000 .67,650,000 81,540,000 16,650,000 32,490,000 64,006,Oil. 00 33,303, 089.00 127,023: 145.00 26,19i: 330.00 9,555: 200.00 1,723: 625.00 427: 600.00 12: 000.00 57: 000.00 348,087,816.90 191,865,811.60 652,034,932.50 518,561,219.00 265,958,850.00 63,348,890.00 79,746, 980.00 16,592: 500.00 32,351: 000.00 79,300, 183.10 44,590, 188. 40 264,025,067.50 46,952,781.00 23,547,150. 00 4,301, 110.00 1,793,020.00 57, 500.00 139,000.00 273,008,000 2,633,254,000 262,299,000.00 2,168,548,000.00 4,706,000.00 1903. One doUar Two doUars Five doUars Ten dollars Twenty doUars Fifty doUars One hundred doUars.. Five hundred doUars.. One thousand doUars. Total 220 No. REPORT ON T H E FINANCES. 35.—^SiLVER CERTIFICATES OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1902-—Continued. 1904. One d o l l a r T w o doUars F i v e doUars 1 Ten dollars . . T w e n t y doUars F i f t y doUars One h u n d r e d doUars Five h u n d r e d doUars One t h o u s a n d dollars Total 1905. Totalissued. Redeemed during year. Total. redeemed. Outstanding. $81,320,000 41,016,000 178,080,000 9,000,000 1,360,000 1,800,000 $508,708,000 277,472,000 1,094,140,000 574,514,000 290,866,000 69,450,000 81,540,000 16,650,000 32,490,000 $79,913,407.00 40,414,738.00 160,263,175.00 17,851,850.00 6,876,530.00 1,125,300.00 320,000.00 10,000.00 31,000.00 $428,001,223.90 232,280,549.60 812,298,107.50 536,413,069.00 272,835,380.00 64,474,190. 00 80,066,980.00 16,602,500.00 32,382,000.00 $80,706,776.10 45,191,450.40 281,841,892.50 38,100,931.00 18,030,620.00 4,975,810.00 1,473,020.00 47,500.00 108,000.00 312,576,000 2,945,830,000 "306,806,000.00 2,475,354,000.00 470,476,000.00 Issued during year. Denomination. . . 95,640,000 One dollar 45,200,000 Two dollars 175,460,000 F i v e doUars Ten dollars.. . . T w e n t y dollars F i f t y doUars One h u n d r e d d o l l a r s Five h u n d r e d dollars . . O n e t h o u s a n d doUars 604,348,000 322,672,000 1,269,600,000 574,514,000 290,866,000 69,450,000 81,540,000 16,650,000 32,490,000 86,241,703.00 42,202,062.00 172,329,775.00 13,739,410.00 5,139,500.00 1,580,150.00 240,400.00 5,000.00 33,000.00 514,242,926.90 274,482,611. 60 984,627,882.50 550,152,479.00 277,974,880.00 66,054,340.00 80,307,380.00 16,607,500.00 32,415,000.00 90,105,073.10 48,189,388. 40 284,972,117.50 24,361,521.00 12,891,120.00 3,395,660.00 1,232,620.00 -42,500.00 75,000.00 316,300,000 3,262,130,000 321,511,000.00 2,796,865,000.00 465,265,000.00 102,512,000 40,544,000 178,100,000 706,860,000 363,216,000 1,447,700,000 574,514,000 290,866,000 69,450,000 81,540,000 16,650,000 32,490,000 91,596,877.00 41,561,298.00 164,148,335.00 7,510,110.00 3,014,480.00 910,700.00 190,200.00 4,000.00 12,000.00 605,839,803.90 316,043,909.60 1,148,776,217.50 557,662,589.00 280,989,360.00 66,965,040.00 80,497,580.00 16,611,500.00 32,427,000.00 101,020,196.10 47,172,090.40 298,923,782.50 16,851,411.00 9,876,640.00 2,484,960.00 1,042,420.00 38,500.00 63,000.00 321,156,000 3,583,286,000 308,948,000.00 3,105,813,000.00 477,473,000.00 One dollar 101,996,000 T w o doUars 48,752,000 Five dollars 153,960,000 T e n doUars T w e n t y doUars FiftydoUars O n e h u n d r e d doUars • . . Five hundred d o l l a r s . . . . One t h o u s a n d d o U a r s . . . 808,856,000 411,968,000 1,601,660,000 574,514,000 290,866,000 69,450,000 81,540,000 16,650,000 32,490,000 94,964,739.00 40,899,996.00 163,279,185.00 4,454,890.00 2,041,090.00 613,100.00 135,000.00 3,000.00 13,000.00 700,804,542.90 356,943,905.00 1,312,055,402.50 562,117,479.00 283,030,450.00 67,578,140.00 80,632,580.00 16,614,500.00 32,440,000.00 108,051,457.10 55,024,094.40 289,604,597.50 12,396,521.00 7,835,550.00 1,871,860.00 907,420.00 35,500.00 50,000.00 3,887,994,000 306,404,000.00 3,412,217,000.00 475,777,000.00 106,832,000 . 915,688,000 46,064,000 458,032,000 125,100,000 1,726,760,000 8,800,000 583,314,000 8,960,000 299,826,000 .6,600,000 76,050,000 81,540,000 16,650,000 32,490,000 102,077,668. 00 45,044,352.00 151,075,315.00 3,001,410.00 2,022,260.00 430,000.00 120,000.00 5,000.00 7,000.00 802,882,205.90 401,988,257.60 1,463,130,717.50 565,118,889.00 285,052,710.00 68,008,140.00 80,752,580.00 16,619,500.00 32,447,000.00 fl2,805,794.10 56,043,742.40 263,629,282.50 18,195, 111. 00 14,773,290.00 8,041,860.00 787,420.00 30,500.00 43,000.00 302,356,000 4,190,350,000 303,783,000.00 3,716,000,000.00 474,350,000.00 127,768,000 ' 49,832,000 124,980,000 25,680,000 1,043,456,000 507,864,000 1,851, .740,000 608,994,000 299,826,000 84,650,000 81,540,000 16,650,000 32,490,000 116,432,634.00 49,595,506.00 142,599,070.00 10,053,290.00 3,863,900.00 4,140,300.00 100,800.00 2,500.00 8,000.00 919,314,839.90 451,583,763.60 1,605,729,787.50 575,172,179.00 288,916,610.00 72,148,440.00 80,853,380.00 16,622,000. 00 32,455,000. 00 124,141,160.10 56,280,236.40 246,010,212.50 33,821,821.00 10,909,390.00 12,501,560.00 686,620.00 28,000.00 35,000.00 4,527,210,000 326,796,000. 00. 4,042,796,000. 00 484,414,000,00 Total 1906. One dollar Two dollars Five doUars . T e n doUars T w e n t y doUars Fifty dollars O n e h u n d r e d doUars Five h u n d r e d dollars One t h o u s a n d dollars Total 1907. Total 304,708,000 1908. One dollar T w o dollars F i v e dollars • T e n dollars T w e n t y dollars F i f t y dollars O n e h u n d r e d dollars F i v e h u n d r e d dollars One t h o u s a n d dollars Total 1909. OnedoUar T w o dollars F i v e dollars T e n dollars T w e n t y dollars Fifty doUars O n e h u n d r e d dollars F i v e h u n d r e d dollars O n e t h o u s a n d dollars Total 8,600,000 336,860,000 221 TEEASUEEE. N o . 36.—^AMOUNT OF U N I T E D STATES N O T E S , T R E A S U R Y N O T E S , GOLD AND SILVER CERTIFICATES OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R PROM 1902. Issued duredeemed T o t a l issued. d R ing y e a r . uring year. Denomination. Total redeemed. Outstanding. 1902. One d o l l a r . . T w o dollars Five dollars Ten dollars T w e n t y doUars Fifty dollars .... One h u n d r e d d o l l a r s F i v e h u n d r e d doUars One t h o u s a n d d o l l a r s Five t h o u s a n d dollars Ten t h o u s a n d doUars $59,676,000 $604,844,160 $52,457,502.00 $534,044,600.70 31,072,000 435,011,048 28,868,443.00 392,619,759.80 141,800,000 1,472,201,760 112, 494,045.00 1,199,256,655.50 104,080,000 1,424,565,240 86,417,220.00 1,147,238,008.00 47,840,000 1,014,748,400 45,998,990.00 806,981,814.00 8,800,000 267,240,200 9,708,350.00 226,297,835.00 12,400,000 372,478,300 10,500,800.00 319,610,330.00 4,700,000 309,170,000 5,602,250.00 287,097,500.00 11,800,000 722,267,000 13,756,000.00 650,089,500.00 2,000,000 623,035,000 740,000.00 593,025,000.00 42,740,000 801,000,000 41,540,000.00 712,040,000.00 Total U n k n o w n , dfistroyp-d .. . 466,908,000 8,046,561,108 408,083,600.00 6,868,301,003.00 1,178,260,105.00 1,000,000.00 1,000,000.00 .... 466,908,000 8,046,561,108 408,083,600.00 6,869,301,003.00 1,177,260,105.00 Net $70,799,559.30 42,391,288.20 272,945,104.50 277,327,232.00 207,766,586.00 40,942,365.00 52,867,970.00 22,072,500.00 72,177,500.00 30,010,000.00 88,960,000.00 1903. One dollar T w o dollars Fivedollars. . . Ten dollars T w e n t y dollars . Fifty doilars One h u n d r e d dollars Five h u n d r e d dollars One t h o u s a n d d o l l a r s Five t h o u s a n d dollars Ten t h o u s a n d dollars 75,612,000 680, 456,160 64,391,738.00 598,436,338.70 38,016,000 473,027,048 33,698,980.00 426,318,o739.80 157,420,000 1,629,621,760 143,090,702.00 1,342,347,357.50 111,560,000 1,536,125,240 100,108,030.00 1,247,346,038.00 . . . . 69,520,000 1,084,268,400 53,074,420.00 860,056,234.00 14,200,000 281,440,200 11,041,700.00 237,339,535.00 19,200,000 391,678,300 13,626,650.00 333,236,980.00 3,500,000 312,670,000 4,718,000.00 291,815,500.00 11,300,000 733,567,000 10,573,000.00 660,662,500.00 623,035,000 1,575,000.00 594,600,000.00 50,710,000 764,700,000.00 851,710,000 52,660,000.00 Total Unknown, destroyed Net 82,019,82L30 46,708,308.20 287,274,402.50 288,779,202.00 224,212,166.00 44,100,665.00 •58,441,320.00 20,854,500.00 72,904,500.00 28,435,000.00 87,010,000.00 551,038,000 8,597,599,108 488,558,220.00 7,356,859,223.00 1,240,739,885.00 1,000,000.00 1,000,000.00 . . 551,038,000 8,597,599,108 488,558,220.00 7,357,859,223.00 1,239,739,885.00 1904. One dollar T w o dollars Fivedollars Ten dollars T w e n t y dollars Fifty dollars : One h u n d r e d dollars F i v e h u n d r e d doUars One t h o u s a n d d o l l a r s Five t h o u s a n d dollars Ten t h o u s a n d dollars 761,776,160 80,084,609.00 81,320,000 678,520,947.70 41,016,000 514,043,048 40,585,356.00 466,904,095.80 178,080,000 1,807,701,760 168,590,970.00 1,510,938,327.50 117,440,000 1,653,565,240 117,223,940.00 1,364,569,978.00 63,920,000 1,148,188,400 61,967,450.00 922,023,684.00 13,200,000 294,640,200 11,902,075.00 249,241,610.00 21,010,000 412,688,300 15,423,900.00 348,660,880.00 8,400,000 4,440,000.00 321,070,000 296,255,500.00 21,210,000 672,104,500.00 754,777,000 11,442,000.00 23,000,000 2,010,000.00 596,610,000.00 646,035,000 81,430,000 816,370,000.00 933,140,000 51,670,000.00 Total Unknown destroyed . 650,026,000 9,247,625,108 565,340,300.00 7,922,199,523.00 1,325,425,585.00 1,000,000.00 1,000,000.00 Net 83,255,212.30 47,138,952.20 296,763,432.50 288,995,262.00 226,164,716.00 45,398,590.00 64,027,420.00 24,814,500.00 82,672,500.00 49,425,000.00 116,770,000.00 650,026,000 9,247,625,108 565,340,300.00 7,923,199,523.00 1,324,425,585.00 1905. One dollar 857,416,160 86,343,369.00 95,640,000 764,864,316.70 Two dollars 45,200,000 509,202,236.80 559,243,048 42,298,14L00 F i v e doUars 175,460,000 1,983,161,760 176,479,500.00 1,687,417,827.50 T e n doUars 126,320,000 1,779,885,240 122,869,670.00 1,487,439,648.00 T w e n t y dollars 986,530,754.00 64,240,000 1,202,428,400 64,507,070.00 Fifty dollars . . . . . 16,400,000 261,639,2.60.00 311,040,200 12,397,650.00 One h u n d r e d d o l l a r s 364,309,080.00 23,200,000 435,888,300 15,648,200.00 F i v e h u n d r e d doUars 4,669,000.00 300,924,500.00 2,800,000 323,870,000 One t h o u s a n d d o l l a r s 682,788,500.00 8,510,000 763,287,000 10,684,000.00 Five t h o u s a n d dollars 2,010,000.00 598,620,000.00 7,250,000 653,285,000 Ten t h o u s a n d dollars 901,490,000.00 82,620,000 1,015,660,000 85,120,000.00 Total Unknown, destroyed •Net 92,551,843.30 50,040,811.20 295,743,932. 50 292,445,592.00 215,897,646.00 49,400,940.00 71,579,220.00 22,945,500.00 80,498,500.00 54,665,000.00 114,170,000.00 637,540,000 9,885,165,108 623,026,600.00 8,545,226,123.00 1,339,938,985.00 1,000,000.00 1,000,000.00 637,540,000 9,885,165,108 623,026,600.00 8,546,226,123.00 1,338,938,985.00 222 REPORT ON T H E FINANCES. N o . 3 6 . — A M O U N T OF U N I T E D STATES N O T E S , T R E A S U R Y N O T E S , GOLD AND SILVER CERTIFICATES OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R PROM 1902—Continued. Denomination. 1906. One doUar Two dollars Five dollars Ten dollars Twenty dollars. F i f t y doUars O n e h u n d r e d doUars Five h u n d r e d dollars One t h o u s a n d d o l l a r s F i v e t h o u s a n d doUars T e n t h o u s a n d doUars Total Unknown, destroved I s s u e d d u r - T o t a l issued. R e d e e m e d ing y e a r . during year. $102,512,000 40,544,000 178,100,000 107,840,000 66,000,000 12,200,000 16,800,000 0 4,900,000 11,200,000 5,750,000 83,980,000. $959,928,160 599,787,048. 2,161,261,760 1,887,725,240 1,268,428,400 323,240,200 452,688,300 328,770,000 774,487,000 659,035,000 1,099,640,000 Total redeemed. $91,661,640.00 $856,525,956.70 550,825,421.80 41,623,185.00 166,318,545.00 1,853,736,372.50 104,293,290.00 1,591,732,938.00 51,239,140.00 1,037,769,894.00 273,403,460.00 11,764,200.00 380,428,180.00 16,119,100.00 305,248,500.00 4,324,000.00 693,575,500.00 10,787,000.00 600,665,000.00 2,045,000.00 978,760,000.00 77,270,000.00 Outstanding. $103,402,203.30 48,961,626.20 307,525,387.50 295,992,302.00 230,658,506.00 49,836,740.00 72,260,120.00 23,521,500.00 80,911,500.00 58,370,000.00 120,880,000.00 629,826,000 10,514,991,108 577,445,100.00 9,122,671.223.00 1,392,319,885.00 1,000,000.00 1,000,000.00 629,826,000 10,514,991,108 577,445,100.00 9,123,671,223.00 1,391,319,885.00 Net 1907. One d o l l a r . . . . . ^Two d o l l a r s .^.... F i v e doUars . .^.... Ten dollars T w e n t y dollars Fifty dollars . One h u n d r e d - doUars F i v e h u n d r e d doUars One t h o u s a n d d o l l a r s Five t h o u s a n d dollars T e n t h o u s a n d doUars Total. Unknown destroyed . 101,996,000 48,752,000 154,660,000 104,360,000 94,800,000 17,600,000 22,400,000 5,100,000 11,500,000 25,005,000 112,100,000 1,061,924,160 95,008,371.00 951,534,327.70 648,539,048 40,943,864.00 591,769,285.80 2,315,921,760 164,605,490.00 2,018,341,862.50 1,992,085,240 101,971,665.00 1,693,704,603.00 1,363,228,400 48,180,260.00 1,085,950,154.00 340,840,200 11,981,150.00 285,384,610.00 475,088,300 15,857,200.00 390,285,380.00 4,407,000.00 333,870,000 309,655,500.00 785,987,000 11,157,000. .00 704,732,500.00 2,050,000.00 684,040,000 602,715,000.00 1,211,740,000 86,740,000.00 1,065,500,000.00 110,389,832.30 56,769,762.20 297,579,897.50 298,380,637.00 277,278,246.00 55,455,590.00 78,802,920.00 24,214,500.00 • 81,254,500.00 81,325,000.00 146,240,000.00 098,273,000 11,213,264,108 582,902,000.00 9,705,573,223.00 1,507,690,885.00 1,000,000.00 1,000,000.00 698,273,000 11,213,264,108 582,902,000.00^ 9,706,573,223.00 1,506,690,885.00 Net 1908. One dollar . T w o dollars F i v e dollars T e n dollars T w e n t y dollars . Fifty dollars One h u n d r e d dollars. F i v e h u n d r e d dollars One t h o u s a n d dollars F i v e t h o u s a n d dollars T e n t h o u s a n d dollars 106,832,000 46,064,000 203,320,000 139,040,000 79,120,000 18,600,000 17,800,000 6,450,000 31,780,000 17,000,000 138,320,000 Total. U n k n o w n , destroyed 804,326,000 12,017,590,108 665,220,000.00 10,370,793,223. 00 1,646,796,885.00 1,000,000.00 1,000,000. 00 Net 1 1,168,756,160 694,603,048 2,519,241,760 2,131,125,240 1,442,348,400 359,440,200 492,888,300 340,320,000 817,767,000 701,040,000 1,350,060,000 102,120,315.00 45,083,850.00 160,809,755.00 115,972,370.00 66,320,660.00 12,347,650.00 15,41.5,900.00 5,505,500.00 14,679,000.00 16,175,000.00 110,790,000.00 1,053,654,642.70 636,853,135.80 2,179,151,617. 50 1,809,676,973.00 1,152,270,814.00 297,732,260.00 411,701,280.00 315,161,000.00 719,411,500.00 618,890,000.00 1,176,290,000.00 115,101,517.30 57,749,912.20 340,090,142. 50 321,448,267.00 290,077,586.00 61,707,940.00 81,187,020.00 25,159,000.00 98,355,500.00 82,150,000.00 173,770,000.00 804,326,000 12,017,590,108 665,220,000.00 10,371,793,223.00 1,645,796,885.00 1909- 116,467,587.00 49.628,478.00 180; 654,915.00 126,075,640.00 78,582, OSO. 00 16,904,600.00 IS, 389.700.00 4,237,000.00 15,370,000.00 6,505,000.00 109,580,000.00 One dollar T w o dollars F i v e doUars T e n dollars Twenty dollars.. Fifty dollars. One h u n d r e d dollars F i v e h u n d r e d dollars One t h o u s a n d dollars Five thousand d o l l a r s . . . . . . Ten t h o u s a n d dollars 127,768,000 49,832,000 175,500,000 119,600,000 49,680,000 15,200,000 15.060,000 4,150,000 35,800,000 23,000,000 148,920,000 Total U n k n o w n , destroyed 764,510,000 12,782,100,108 722,395,000.00 11,093,188,223.09 1,688,911,885.00 1,000,000.00 1,000,000.00 Net... 1,296,524,160 744,435,048 2,694,741,760 2,250,725,240 1,492,028,400 374,640,200 507,948,300 344,470,000 853,567,000 724,040,000 1,498,980,000 1,170,122,229.70 686,481,613.80 2,359,800,532.50 1,935,752,613.00 i; 230,852,894.00 314,636,860.00" 430,090,980.00 319,398,000.00 734,781,500.00 625,395.600.00 1,285,S70;000.00 126,401,930.30 57,953,434.20 334,935,227.50 314,972,627.00 261,175,506.00 60,003,340.00 77,857,320.00 25,072,000.00 118,785; 500.00 98.645,000.00 213,110,000.00 764,510,000 12,782,100,108 722,395,000.00 11,094,188,223.00 1,687,911,885.00 223 TREASURER. No. 3 7 . — A M O U N T OF P A P E R CURRENCY OF EACH DENOMINATION OUTSTANDING AT THE CLOSE OF E.-^CH FISCAL Y E A R PROM 1902. Legal-tender notes. Denomination. 1902. One dollar T w o dollars "Five d o l l a r s Ten dollars T w e n t y doUars Fiftydollars One hundred dollars F i v e h u n d r e d dollars One t h o u s a n d d o l l a r s Five thousand dollars. Ten t h o u s a n d dollars Certificates. National-bank notes. Total. $3,105,365 2,514,011 39,316.892 206,143,121 59,136,852 9,668,225 18,677,050 9,258,500 29,841,000 10,000 10,000 $67,694,194 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 54,620,050 143,883,370 ' 107,488,120 16,241,000 33,768,300 98,500 25,000 $71,145,930 42,557,459 327,565,154 421,210,602 315,254,706 57,183,365 86,636,270 22,171,000 72,202,500 30,010,000 88,960, OOO 377,681,016 1,000,000 800,579,089 356,636,881 1,534,896,986i 1,000,000' 376,681,016 800,579,089 356,636,881 1,533,896,986' 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 16,676,550 34,815,200 96,500 25,000 82,365,781 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 87,010,000 366,924,016 1,000,000 873,815,869 413,634,374 1,654,374,259 1,000,000 365,924,016 873,815,869 413,634,374 1,653,374,259 O n e dollar Twodollars Five dollars Ten dollars • T w e n t y dollars Fifty doUars One h u n d r e d dollars Five hundred dollars One t h o u s a n d dollars Five t h o u s a n d dollars Ten t h o u s a n d dollars 2,548,436 1,947,502 14,921,540 250,894,331 38,213,532 5,845,075 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 39,553,515 52,567,820 15,120,500 57,557,500 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 47,304,234 359,590,602 478,301,222 368,068,956 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 1,774,623,3«2 1,000,000 359,659,016 964 766,569 449,197,797 1,773,623,382 2,446,771 1,851,422 10,771,815 268,084,071 28,559,362 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 57,506,500 54,655,000 114,160,000 344,669 164,992 68,473,495 211,148,110 158,704,700 18,238,850 38,487, .500 95,000 24,000 92,896,514 50,205,802 364,217,427 503,593,702 374,602,34ff 67,639.790 110,066,720 23,040,500 80,522,500 54,665,000 114,170,000 357,094,016 1,000,000 982,844,969 495,681,316 1,835,620,301 1,000,000 356,094,016 982,844,969 1 495.681.316 1,834,620,301 °. Total Unknown, destroyed Net 1903. . One dollar Two dollars Fivedollars.. Ten dollars T w e n t y dollars Fifty d o U a r s One h u n d r e d dollars Five hundred dollars One t h o u s a n d dollars Five t h o u s a n d dollars Ten t h o u s a n d dollars :. Total Unknown, destroyed Net 1904. Net 1905. 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 doUars Five h u n d r e d dollars . One t h o u s a n d dollars Five t h o u s a n d dollars ,Ten t h o u s a n d dollars . Total Unknown, destroyed Net . 224 No. REPORT ON T H E FINANCES. 37.—^AMOUNT OF P A P E R CURRENCY OF EACH DENOMINATION OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1902—Continued. Legal-tender notes. Denomination. 1906. One dollar T w o dollars^ Five dollars . Ten dollars T w e n t y dollars Fifty dollars One h u n d r e d dollars Five hundred dollars One t h o u s a n d dollars Five t h o u s a n d dollars Ten t h o u s a n d dollars Certificates. National-bank notes. Total. $2,382,007 1,789,536 8,601,605 279,140,891 22,649,702 3,953,925 7,621-5350 7,744,000 21,164,000 10,000 10,000 $101,020,197 47,172,090 298,923,782 16,851,411 208,008,804 45,882,815 64,638,770 15,777,500 "59,747,500 58,360,000 120,870,000 $344,352 164,806 76,889,175 240,007,710 181,097,620 19,934,800 42,515,600 94,500 24,000 $103,746,556 49,126,432 384,414,562 536,000,012 411,756,126 69,771,540 114,775,720 23,616,000 80,935,500 58,370,000 120,880,000 355,067,016 1,000,000 1,037,252,869 561,072,563 1,953,392,448 1,000,000 354,067,016 1,037,252,869 561,072,563 1,952,392,448 2,338,375 1,745,668 7,975,300 285,948,116 18,664,332 3,468,575 6,536,650 7,114,000 19,8.58,000 10,000 10,000 108,051,458 55,024,094 289,604,597 •12,432,521 258,613,914 51,987,015 72,266,270 17,100,500 61,396,500 81,315,000 146,230,000 344,249 164,708 113,826,705 247,378,750 183,971,240 18,2.39,300 39,705,100 93,000 24,000 110,734,082 50,934,470 411,406,602 545,759,387 461,249,486 73,694,890 118,508,020 24,307,500 81,278,500 81,325,000 146,240,000 353,669,016 1,000,000 1,154,021,869 603,747,052 2,111,437,937 1,000,000 352,669,016 1,154,021,869 603,747,052 2,110,437,937 112,805,795 56,043,742 263,629,282 116,372,271 272,011,394 58,709,615 73,602,270 19,555,000 65,494,500 82,150,000 173,760,000 343,878 164,470 147,594,415 288,381,100 202,533,280 18,369,150 40,787,300 93,000 24,000 115,445,396 57,914,382 487,684,557 609,829,367 492,610,866 80,077,090 . 121,974,320 25,252,000 98,379,500 82,150,000 173,770,000 352,663,016 1,000,000 1,294,133,869 698,290,593 2,345,087,478 1,000,000 351,663,016 1,294,133,869 698,290,593 2,344,087,478 O n e dollar T w o dollars .' F i v e dollars T e n dollars ' T w e n t y doUars F i f t y doUars ^ O n e h u n d r e d dollars F i v e h u n d r e d dollars O n e t h o u s a n d dollars. F i v e t h o u s a n d dollars T e n t h o u s a n d dollars 2,260,770 1,673,198 88,925,015 174,755,186 17,561,572 2,630.825 7,162,450 7,360,000 49,557,000 124,141,161 56,280,236 246,010,212 140,217,441 243,613,934 57,372,515 70.694,870 17,712,000 69,228,500 98,645,000 213,100,000 343,613 164,322 136,436,440 297,260,690 200,682,100 16,857,300 38,016,200 91,000 23,000 . 126,745,544 58,117,756 471,371 667 612,2.33; 317 461,857 606 76,860,640 115,873,520 25,163,000 118,808,500 98,645.000 213,110,000^ Total U n l m n w n , dp,st,rnyp.f| 351,896,016 1,000,000 1,337,015,869 689,874,665 2,378,786,550 1,000,000 350,896,016 1,337,015,869 689,874,665 2,377,786,550 .. . . Total Unknown, destroyed Net 1907. One dollar T w o dollars Fivedollars Ten dollars T w e n t y dollars F i f t y doUars One h u n d r e d d o l l a r s Five h u n d r e d doUars One t h o u s a n d dollars Five thousand dollars Ten t h o u s a n d dollars :. Total Unknown, destroyed Net '. .-... . 1908. One dollar T w o dollars . . F i v e dollars T e n dollars T w e n t y dollars Fifty dollars One h u n d r e d dollars F i v e h u n d r e d dollars One t h o u s a n d dollars F i v e t h o u s a n d dollars T e n t h o u s a n d doUars . . : . 10,000 Tofal TInknown, d f t s t r o y f t d . , . , , . , Net 2,295,723 1,706,170 76,460,860 , 205,075,996 18,066,192 2,998,325 7,584,750 5,604,000 32,861,000 .... " . 1909. Net ,10,000 , 225 TREASURER. N o . 3 § . — O L D DEMAND N O T E S OF EACH DENOMINATION ISSUED,. R E D E E M E D , 'AND OUTSTANDING J U N E 30, 1909. Redeemed Total redeemed. Outstanding. Total issued. during ysar. Denomination. Five dollars Ten dollars Twenty dollars Total $21,800,000 20,030,000 18,200,000 $21,778,622. 50 20,010,235.00 18,187,860. 00 $21,377.50 19,765.00 12,140.00 60,030,000 59,976,717.50 53,282.50 N o . 3 9 . — F R A C T I O N A L CURRENCY OP EACH DENOMINATION I S S U E D , •AND OUTSTANDING J U N E 30, 1909. Denomination. Total issued. REDEEMED, Redeemed during year. Total redeemed. Outstanding. Three ^pents Five cents Ten cents Fifteen cents Twenty-five cents.. Fifty cents. $601,923.90 5,694,717.85 82,198,456.80 5,305,568.40 139,031,482.00 135,891,930.50 $15. 00 331.00 30.00 750.00 901. 00 $511,719.78 3,836,206.48 77,142,331. 43 5,065,575.69 134,763,007.01 132,136,513.45 $90,204.12 1,858,511.37 5,056,125.37 239,992.71 4,268,474.99 3,755,417.05 Total Unknown, destroyed.. Net 368,724,079.45 2,=027. 00 353,455,353.84 32,000.00 15,268,725.61 32,000.00 368,724,079.45 2,027.00 353,487,353.84 15,236,725.61 N o . 4 0 . — C O M P O U N D - I N T E R E S T N O T E S OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING J U N E 30, 1909. Redeemed Total issued. during year. Denomination. Ten dollars Twenty dollars '. FiftydoUars One hundred doUars Five hundred dollars One thousand dollars .. . :. . . Total Total redeemed. Outstanding. $23,285,200 30,125,840 60,824,000 45,094,400 67,846,000 39,420,000 $110 120 $23,265,310 30,094,190 60,762,750 45,062,600 67,835,000 39,416,000 $19,890 31,650 61,250 31,800 11,000 4,000 266,595,440 230 266,435,850 159,590 No". 4 1 . — O N E AND Two Y E A R N O T E S OF E A C H DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING J U N E 30, 1909. Redeemed Total issued. during year. Denomination. Total redeemed. Outstanding. Ten dollars Twenty dollars Fifty doUars One hundred dollars Five hundred dollars One thousand dollars $6,200,000 16,440,000 20,945,600 37,804,400 40,302,000 89,308,000 $10 40 $6,193,980 16,427,820 20,932,300 37,788,600 40,300,500 89,289,000 $6,020 12,180 13,3C0 15,800 1,500 19,000 Total Unknown, destroved 211,000,000 50 210,932,200 10,590 67,800 10,590 Net.. • 211,000,000 50 210,942,790 57,210 13518—FI 1909 15 226 REPORT ON T H E FINANCES. N o ; 4 2 . — U N I T E D STATES P A P E R CURRENCY OF E A C H CLASS, TOGETHER WITH O N E AND T W O Y E A R N O T E S AND COMPOUND-INTEREST NOTES, I S S U E D , R E D E E M E D , AND OUTSTANDING J U N E 30, 1909. Class. Issued during year. Total issued. Redeemed during year. $60,030, 000.00 Old demand notes United States notes $132,940,000 4,099,285,808.00 $132,940,000.00 767,000.00 447,435, 000, Treasury notes of 1890 294,710,000 3,741,169,880.46 261,892,000.00 Gold certificates 336,860,000 4,527,210, 000.00 326,796,000.00 SUver certificates 1,473,625,000.00 Currency certificates 2,027.00 368,724, 079.45 Fractional currency 50.00 211,000,000.00 One and two year notes.. - 230.00 Compound-interest notes. 266,595, 440.00 Total Total redeemed. •$59,976,717. 3,752,604,792. 443,220,000. 2,888,568,011. 4,042,796,000. 1,473,625,000. 353,487,353. 210,942,790. 266,435,850. Outstanding. $53,282.50 346,681,016.00 4,215,000.00 852,601,869.00 484,414,000.00 15,236,725.61 57,210.00 159,590.00 764,510,000 15,195,075,207.91 722,397,307.00 13,491,656,514.1 1,703,418,693.11 N o . 4 3 . — U N I T E D STATES N O T E S AND T R E A S U R Y N O T E S R E D E E M E D IN GOLD, AND IMPORTS AND EXPORTS OF GOLD, DURING EACH MONTH, FROM JANUARY, 1903. Month. 1903—January February.. March AprU 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. October November. December.. 1906—January... February,. March April May June July August September. October November. December.. 1907—January... February.. March April May United States notes. Treasury notes. Total. Imports of gold.o $1,152, .500 $877,333 $146,685 $1,005,815 992,331 372,425 78,125 294,300 3,715,563 72,135 528,110 455,975 837,132 69,370 1,199,055 1,129,685 803,351 157,910 1,336,375 1,178,465 2,014,819 99,300 1,039,228 939,928 2,337,593 71,610 1,033,060 961,450 3,229,505 43,160 707,110 663,950 2,537,008 36,392 443,595 407,203 2,240,320 62,995 664,690 727,685 8,511,322 14,005 683,540 697,545 15,958,625 " 40,140 1,108,995 1,149,135 7,193,200 71,319 1,325,451 1,396,770 3,908,568 20,615 1,059,983 1,080,598 8,053,037 5,365 1,049,435 1,054,800 9,536,844 36,100 1,034,718 1,070,818 9,889,837 34,660 1,200,768 1,235,428 4,139,363 37,615 920,885 958,500 8,422,809 33,175 1,319,800 1,352,975 6,949,529 36,590 662,465 699,055 3,600,961 16,660 530,475 547,135 7,481,253 28,640 550,230 578,870 3,931,728 27,295 706,995 734,290 2,538,999 27,575 805,093 832,668 1,078,307 48,435 2,149,920 2,198,355 1,391,006 43,230 901,785 945,015 4,144,083 35,065 1,060,920 1,025,855 1,699,927 15,675 780,546 796,221 1,802,174 23,215 1,018,480 1,041,695 1,278,170 5,120 1,071,055 1,065,935 3,933,862 17,875 1,083,608 1,065,733 2,257,691 14,405 769,230 754,825 5,499,685 9,050 662,060 653,010 9,881,977 18,855 440,790 459,645 4,100,040 742,354 8,800 751,154 2,671,421 20,830 895,675 874,845 1,282,497 30,120 1,714,280 1,744,380 740,672 12,015 877,155 889,170 4,192,978 18,625 1,048,510 1,067,135 13,630,046 12,705 958,750 971,455 33,590,906 26,095 1,428,838 1,454,933 1,348,717 3,455 893,105 896,560 8,219,015 ' 975,290 6,615 981,905 6,736,327 5,335 895,505 900,840 30,147,874 429,515 429,515 25,600,713 6,050 8S6,-255 892,305 7,726,631 9,705 1,173,440 1,183,145 6,489,511 10,208 1,409,842 1,420,050 2,222,081 20,115 .2,577,770 2,437,464 2,597,885 17,390 838,365 4,070,214 855,755 8,500 3,709,766 540,080 548,580 1,637,726 8,175 871,165 879,340 6,885 1,032,985 1,039,870 o Imports and exports of gold in the ore not included. Exports of gold.o $.53,811 1,485,755 1,034,915 1,694,916 14,472,998 12,475,188 9,085,902. 61,516 937,744 310,945 827,652 1,324,918 526,285 686,524 3,029,086 19,432,272 43,055,656 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 1,412,904 204,166 1,117,091 2,623,620 5,689,914 8,436,714 5,845,422 2,423,213 5,673,108 3,194,249 1,257,513 572,505 2,222,877 6,954,117 1,939,109 1,860,710 2,436,081 1,107,293 2,099,087 2,203,056 4,491,641 227 TEEASUEEE. NOo 4 3 . — U N I T E D STATES N O T E S AND T R E A S U R Y N O T E S R E D E E M E D I N GOLD, AND IMPORTS AND E X P O R T S OF GOLD, DURING EACH M O N T H , FROM JANUARY, 1903— Continued. United States notes. Month. 1907—June July August... September October... November December. 1908—January... February.. March iVpril May ".. June July August September. October... November. December. 1909—January... February.. March AprU May June July August Septeraber. No. $1,060,675 2,719,495 2,087,130 1,721,800 2,661,785 572,670 479,385 1,907,345 1,657,635 2,839,545 1,747,930 1,173,660 1,709,927 2,034,995 1,292,974 1,356,690 978,765 1,702,130 2,428,820 3,340,950 1,424,805 1,515,912 1,139,705 1,356,800 1,411,990 1,063,330 1,308,315 690,627 Treasury notes. $2,300 3,600 13,850 205 2,235 565 3,600 2,245 1,605 200 3,885 4,400 5,315 3,810 4,765 950 1,800 4,105 3,815 4,605 1,000 505 2,300 3,050 700 1,555 300 100 Total. $1,062,975 2,723,095 2,100,980 1,722,005 2,664,020 573,235 482,985 1,909,590 • 1,659,240 2,839,745 1,751,815 1,178,060 1,715,242 2,038,805 1,297,739 1,357,640 980,505 1,706,235 2,432,635 3,345,555 1,425,805 1,516,417 1,142,005 1,359,850 1,412,690 1,064,885 1,308,615 690,727 Imports of gold. $1,009,940 2,368,607 2,180,071 1,707,860 3,524,348 62,274,680 43,462,656 9,781,830 1,876,518 2,558,736 1,481,369 2,168,368 2,344,417 2,071,098 3,487,964 3,849,724 2,696,154 1,947,774 4,082,315 2,346,832 2,429,245 4,469,249 2,255,950 998,623 1,169,641 2,071,079 4,170,420 1,428,876 Exports of gold. $23,856,002 7,441,776 4,571,063 1,477,528 3,633,136 576,690 976, 455 430,543 1,956,664 1,440,630 14, 464,012 26,542,288 8,559,302 4,782,894 0,561,339 3,892,290 1,889,238 2,933,295 7,349,738 7,854,552 8,843,082 21,221,504 6,317,463 11,141,280 8,302,740 16,631,837 9,189,461 7,387,936 4 4 . — U N I T E D STATES N O T E S AND T R E A S U R Y N O T E S R E D E E M E D IN GOLD, AND IMPORTS AND EXPORTS OF GOLD, DURING EACH FISCAL Y E A R FROM 1895. Fiscal year. 1895 . 1896 1897 1898 1899. 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 . . . U n i t e d States notes. $109,783,800 153,307,591 68,372,923 22,301,710 18,645,015 28,637,501 23,776,433 17,482,590 7,154,718 11,081,068 11,517,579 11,452,195 12,690,887 21,278,307 19,984,636 Treasury notes. $7,570,398 5,348,365 9,828,991 2,696,253 6,997,250 6,960,836 446,678 1,274,590 1,112,527 473,976 340,675 192,810 101,278 41,705 31,405 Total. I m p o r t s of gold.o $117,354,198 158,655,956 78,201,914 24,997,963 25,642,265 35,598,337 24,223,111 18,757,180 8,267,245 11,555,044 11,858,254 11,645,005 12,792,165 21,320,012 20,015,941 $35,146,734 31,720,487 81,411,533 115,173,988 84,280,674 30,961,698 45,445,734 27,205,657 26,306,190 77,535,222 44,318,946 91,349,507 100,007,262 135,729,460 31,804,569 a Gold in the ore not included. E x p o r t s of gold.o $66,131,183 112,309,136 40,114,722 15,324,929 37,507 771 48,218,168 52,968,446 47,599,796 46,793,212 80,726,919 91,658,950 39,119,266 50,998,891 72,070,067 91,083,573 228 REPORT ON T H E FINANCES. N o . 4 5 . — T R E A S U R Y N O T E S OP 1890 R E T I R E D BY REDEMPTION IN SILVER DOLLARS AND OUTSTANDING, TOGETHER WITH THE SILVER IN THE TREASURY PURCHASED BY SUCH N O T E S , FOR EACH MONTH, FROM JANUARY, 1903. Month. 1903—January... February.. March April May June July August September. October... November. Deceraber. 1904—January... February.. March April May , June , July August September. October... Noveraber. Deceraber. 1905—January.., February., March April May..June July August Septeraber October... November. Deceraber. 1906—January.. February., March Aprih May June July August September October... November. December. 1907—January.. February. March April May June July August September October... Noveraber. December. 1908—January... February.. March April May , June , July August September. October . . November December 1909—January .. February . March April May June July August September Retired by redemption. Outstanding, $1,100,000 721,000 731,000 706,000 782,000 770,000 687,000 586,000 472,000 624,000 446,000 522,000 584,000 476,000 474,000 385,000 514,000 495,000 325,000 428,000 259,000 353,000 282,000 312,000 317,000 372,000 219,000 246,000 248,000 204,000 248,000 181,000 189,000 174,000 143,000 148,000 244,000 117,000 175,000 133,000 157,000 118,000 154,000 103,000 108,000 109,000 85,000 211,000 128,000 103,000 103,000 100,000 104,000 90,000 97,000 104,000 80,000 94,000 67,000 67,000 79,000 81,000 79,000 88,000 82,000 88,000 79,000 56,000 80,000 62,000 56,000 53,000 71,000 57,000 70,000 69,000 55,000 59,000 46,000 49,000 49,000 $22,953,000 22,232,000 21,501,000 20,795,000 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 11,013,000 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 8,795,000 8,621,000 8,478,000 8,330,000 8,086,000 7,969,000 7,794,000 7,661,000 7,504,000 7,386,000 7,232,000 7,129,000 7,021,000 6,912,000 6,827,000 6,616,000 ^6,488,000 6,385,000 6,282,000 6,182,000 6,078,000 5,988,000 5,891,000 5,787,000 5,707,000 5,613,000 5,546,000 5,479,000 5,400,000 5,31.9,000 5,240,000 5,152,000 5,070,000 4,982,000 4,903,000 4,847,000 4,767,000 4,705,000 4,649,000 4,596,000 4,525,000 4,468,000 4,398,000 4,329,000 4,274,000 4,215,000 4,169,000 4,120,000 4,071,000 BuUion in Treasury. $21,940,052 20,972,163 20,146,491 19,165,230 18,463,267 15,836,557 15,836,557 15,001,548 14,982,959 13,016,046 12,711,491 .. -579,510 7,151,148 7,142,510 5,829,2.30 5,368,139 5,437,150 5,074,020 4,916,944 3,908,351 3,021,439 2,494,572 1,970,303 1,708,079 1,248,700 927,992 536,672 297,523 91,339 229 TSEAStTEfiE. No. 4 6 . — T R A N S A C T I O N S BETWEEN THE SUBTREASURY AND CLEARING H O U S E N E W Y O R K DURING EACH MONTH, PROM JANUARY, 1903. 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. 1905—January... February.. March April :May June July August September. October... November. December. 1906—January... February.. March April May •-.. June , July , August — September, October... November. December. 1907—January.., February.. March April , May June • July August September. October November. December. 1908—January... February., March April . May June July August September, October... November. December. 1909—January.. February., March April , May , June July August — September Checks s e n t t o clearing house. $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, 520.86 20,338, 506.14 19,869, 173.93 19,140, 107.08 21,783, 531.68 17,329, 814.38 51,372, 324.51 19,214, 667.27 24,360, 480. 60 21,814, 238.53 26,154, 253.26 29,768, 061.18 22,559, 553.16 23,393, 269.24 25,693, 779. 04 21,615, 642. 37 31,154, 361.29 19,920, 879.23 25,860, 260.08 20,659, 148. 45 27,488, 118.04 26,073, 192.76 26,972, 085.09 28,235, 116. 35 23,270, 632.20 24,309, 278.05 25,456, 394.18 30,008, 404. 33 29,174, 220.00 23,738, 833.42 23,291, 358.19 24,473, 190.24 25,963, 205.01 31,101, 688.94 •23,917, 058.16 31,929, 493.03 23,982, 729.99 27,274, 123.10 23,812, 324.68 23,269, 992. 41 25,062, 275. 59 23,208, 102.21 21,632, 532.92 20,864, 865.38 28,764, 435.33 30,782, 311.55 24,983, 421.44 33,892, 636.66 28,556, 591.97 18,862, 343.70 20,287, 286.27 26,608, 121.64 24,802, 630.15 23,037, 257.40 26,176, 221.18 25,848; 826.01 30,710, 802.27 24,764, 721.78 34,207, 314.96 39,809, 942.01 33,263, 633.61 36,101, 209.32 27,653, 803.30 32,800; 185.60 29,194, 692.33 27,900, 695.19. •27,685, 647.20 29,9£9j 716.96 38,556, 891.36 35,088, 909.6834,719, 056.26 Checks received from c l e a r i n g house. $42,866,194. 57 27,086,737.87 27,187,821.09 38,575,784.49 34,696,91L 63 31,355,179.99 43,898,816.26 38,489,615.30 38,106,006.95 48,698,201.62 34,184,703.28 38,733,269.50 49,200,686.17 44,715,261.15 41,890,705. 64 47,787,187.02 72,891,013.31 38,334,047.66 52,133,572.23 45,554,515. 56 32,401,519.52 45,538,366. 31 39,845;967.94 40,310,027.91 50,860;165.08 36,177,131. 46 36,823,355.33 41,53i;173.16 36,320,575.76 38,997 108. 54 47,223',942.71 40,694,438. 55 32,676,093.16 40,686,938.83 32,351,829. 68 32,187,315.89 46,716,493.94 31,688,622.75 31,214,215.38 32,776,428.45 29,305,626.23 29,795,611. 40 47,068,368. 67 41,237,013. 83 26,997,138.94 42,556,658.85 30,740,017.18 32,288,780.63 44,822,538.29 34,265,137.69 37,746,229.90 42,994,465.83 38,191,399.28 34,195,552.74 54,054,139. 63 41,987,887. 40 31,659,037.19 39,110,722.73 16,856,939.93 14,652,801.00 57,084,775.26 52,212,932.49 55,613;884.92 65,924,686.07 66,556,169.30 67,218,270.04 76,982; 674.93 65,173',055.08 50,725, 444.32 63,257;916.35 53,253,192.51 55,842,115.58 78,340,859.97 55,779,637.63 59,668,666.37 58,963,309.45 67,314,410.09 56,147,626.57 64,723,251.30 57,992,969.22 46,277,901.42 Balances due subtreasury. $2,664,356.72 1,116,056.69 1,252,424.08 717.18 1,764,143.24 415,315.86 45,975.16 347,322.28 913,239.53 280,814.54 2,042,112.70 423,394.83 '4,"439;9ii*95' 1,715,797.58 2,873,929.05 1,089,120.44 1.38,791.49 2,504,723.70 72,150.29 3,187,074.84 1,846,370.30 298,435.92 2,689,536.49 1,029,218.17 3,423,974.43 556,894.30 638,113.11 1,059,374.77 325,392.65 7,268,975.27 3,750,494.87 1,453,127.16 724,748. 49 3,348,367.87 829,67L56 2,329,858.22 3,033, SOL 96 952,100.03 1,250,514.28 3,035,260.73 2,140,926.57 15,443.69 385,374.72 835,695.58 7,462. 54 163,05L84 3,546,013.55 3,471,583.68 4,962,869.90 12,161,572.97 4,903,464.78 1,677,327.92 276,154.23 1,003,190.58 992,113.86 323,035.57 1,276,882.14 937,570.28 805,731.89 830,639.44 1,264,695.09 1,638,285.52 IN Balances due clearing h o u s e . $27,901, 485.52 9,408, 574.79 8,987, 353.99 22,413, 339.70 19,112 767.10 15,680; 833.02 24,310; 672. 42 19,492, 647.61 21,713, 340.61 24,875, 091. 54 10,065, 42L95 18,675, 577.90 31,373, 624.94 25,575, 154.07 20,530; 568.79 30,457, 372.64 25,958, 600.75 19,119, 380.39 29,488, 889.21 23,740,,277.03 9,121, 195.31 16,859, 425.57 17,286, 414.75 17,055, 550.16 27,671, 109.74 14,633, 639.38 8,856, 068.88 21,610, 293.93 12,306:,685.98 18,636: 396.01 22,425; 361.16 15,650, 463.96 9,127 982.50 13,008: 716.78 9,719; 310.59 8,937, 412.61 ' 21,585, 492. 41 • 8,349, 193. 69 5,790, 490.26 10,490, 722.19 6,739 ,016.53 8,670: 789.03 21,934; 835.22 12,465, 183.11 6,113, --!.74 11,579,,265.86 8,007, 801. 47 " 8,049, 918.26 23,151, 140.18 11,010, 588.97 13,069, 329.03 20,622, 059.20 16,566, 328.90 13,493, 739.20 25,289, 704. 30 14,751, 589. 40 10,147, 199.43 10,180, 955.97 461, 920.93 693, 922.08 . 36,797, 488.99 27,282, 138.77 31,087, 409.00 42,887, 428.67 40,379, 948.12 41,369,,444.03 47,275,,063.24 40,408, 333.30 17,510, 243.22 23,771,,009.91 21,266,,44L04 20,678,, 476.54 50,687,,056.67 23,785,,183.92 30,473,, 974.04 31,062,, 614.26 29,628,,762.89 26,157,,909.61 26,996,,999.88 24,168:, 754.63 13,197;,130.68 230 REPORT ON T H E FINANCES. N o . 4 v . — A M O U N T OF EACH K I N D OF M O N E Y U S E D IN SETTLEMENT OF CLEARINGH O U S E BALANCES AGAINST THE SUBTREASURY IN N E W Y O R K DURING EACH M O N T H , FROM JANUARY, 1903. Month. 1903—January... February.. March April May Jime 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. October November. December.. 1906—January:.. February.. March AprU May June July August September., October.... November. December.. 1907—January February.., March AprU May June July August September. October " November.. December.. 1908—January February... March , April , May June July August September.. October November.. December.. 1909—January — February... March April May June July August September . Gold'coin. UnitedStates notes. Treasury notes. Silver Gold certificates. certificates. $27, 9, 8, 22, 19, 15, 24, 19, 21, 24, 10, 18, 31, 13, 12, 30, 25, 19, 29, 23, 9, 16, 17, 17, 27, 14, $12,500,000 8,300,000 2?; 12, 18, 22, 15, 9, 12, 1,775, ;;ooo, 68, 400; 228 ,013; 634, 166, 890, 472, 162, 976, 153, 097, 231 TREASURER. No. 4 8 . — S H I P M E N T S OF SILVER COINS PROM EACH OFFICE OF THE TREASURY AND MINTS FROM J U L Y 1, 1885. During fiscal year 1909. Total to June 30, 1908. Oflace. Subsidiary silver. Standard dollars. Total to June 30, 1909. TREASURY. Washington Baltimore Boston Chicago Cincinnati New Orleans New York Philadelphia St. Louis San Francisco $36,902,304.64 11,767,077. 98 73,326,400. 65 231,412, 398.63 106,768,918.10 136,509,694. 07 102,623,844.54 75,366, 376. 86 177,271,016. 48 67,396, 902. 25 300.00 44,550.00 487 200.00 4,095,000.00 2,384,030.00 1,670,500.00 • 268, 700.00 904,500.00 1,491 650.00 129,800.00 $959, 916.60 518: 558.00 1,602,974. 80 6,418, 814. 00 2,267, 068. 40 2,828, 534. 25 5,689,253.00 2,446,757. 20 4,994,420.00 3,124,340.00 $38,090,521.24 12,330, 185.98 75,416,575. 45 241,926,212.63 111,420,016.50 141,008,728.32 108,581,797. 54 78,717, 634.06 183,757, 086.48 70,651,042.25 6,976.00 153,974.00 2,100.00 1,038,600.00 4,167,23L50 653,630.00 172,125.00 71,213,402.70 39,313,692.68 7,697,990.00 11,865,180.00 36,0.58,567.75 1,180,950,640.83 MINTS. Carson City Denver New Orleans Philadelphia San Francisco 653,630.00 170,025.00 70,167,826.70 34^,992,487.18 7,697,990.00 Total 1,133,026,893.08 N o . 4 9 . — S H I P M E N T S OP SILVER COIN FROM THE TREASURY OFFICES AND MINTS DURING EACH FiSCAL Y E A R FROM 1895, AND CHARGES THEREON FOR TRANSPORTATION. Standard dollars. Fiscal year. 1895 1896 1897 1898 1899 1900. 1901 1902 1903 1904 1905 1900 1907 1908.. 1909 •- . . . . $27,155,466.80 28,412,300.35 29,600,035.10 33,270,610.00 33,305,262.00 36,284,791.80 38,338,519.00 40,404,325.00 41,182,154.00 41,032,715.00 44,988,746.00 41,562,828.00 ; . 37,500.118.00 31,466,911.00 (o) :. Subsidiary silver. Total. $11,885,117.47 12,458,107.03 12,029,955.29 15,330,205.24 17,018,536.65 19,707,902.55 21,075,146.85 21,871,959.35 24,112,444.65 24,382,947.90 27,606,184.80 29,378,631.40 30.395,662.55 31,438,830.99 36,058,567.75 $39,040,584.27 40,870,407.38 41,629,990 39 48,600,815.24 50,323,798.65 55,992,694.35 59,413,665.85 62,276,284.35 65,294,598.65 65,415,662.90 72,594,930.80 70,941,459.40 67.895,780.55 62,905,741.99 36,058,567.75 Charges. $78,333.84 78,755.54 81,526.24 110,065.53 111,741.61 125,969.37 125,742.99 124,003.65 132,265.05 126,359.81 •137,597.21 152,184.90 163,051.55 154,069.35 104,443.28 a $11,865,180 in standard silver dollars shipped at the expense of the consignee. Rate per $1,000. 2.01 1.93 1.96 2.26 2.22 2.25 2.12 1.99 2.03 1.93 1.90 2 15 2.40 2 45 2.90 232 BEPOUT Oisr THFl EINANCES. N o . 5 0 . — B A L A N C E IN THE TREASURY OF THE U N I T E D STATES; AMOUNT IN T R E A S URY OFFICES, AND AMOUNT IN DEPOSITARY B A N K S , AT THE E N D OF EACH CALENDAR Y E A R FROM THE ADOPTION OF THE CONSTITUTION IN 1789 TO 1842, AND AT THE E N D OF EACH FISCAL Y E A R THEREAFTER TO 1909. Balance in the Treasury .a Date. 1789—December 31 1790—March 31 June 30 Septeraber 30 Deceraber 31 1791_june 30 September 30 December 31 1792—March 31 June 30 September 30 December 31 ^ 1793—March 31 June 30 December 31 1794—December 31 1795—December 31 1796—December 31 1797—December 31 . . 1798—December 31 1799_December 31 1800—December 31 1801—December 31 1802—December 31 1803—December 31 1804—December 31 1805—December 31 1806—December 31 1807—December 31 1808—December 31 1809—December 31 1810—December 31 1811—December 31 1812-^December 31 1813—December 31 1814—December 31 1815—December 31 1816—December 31 1817—December 31 1818—December 31 1819—December 31 1820—December 31 1821—December 31 1822—December 31 1823—December 31 1824—December 31 1825—December 31 1826—December 31 1827—December 31 1828—December 31 1829—December 31 1830—December 31 1831—December 31 1832—December 31 1833—December 31 1834—December 31 1835—December 31 1836—December 31 1837—December 31 1838—December 31 1839—December 31 1840—December 31 1841—December 31 1842^December 31 1843—June 30 1844—June 30 1845—June 30 1846—June 30. 1847—June 30 1848-June 30 In Treasury offices. $10,490.54 232.14 - -... : 7o6,6o6.6o In depositary banks. Total. Number of depositary banks. 3 . $28,239.61 $28,239.61 60,613.14 60,613.14 3 3 155,320.23 155,320.23 3 349,670.23 349,670.23 3 570,023.80 570,023.80 571,699.00 3 582,189.54 4 679,579.99 679,579.99 b 973,905.75 973,905.75 6 751,377.34 751,377.34 9 623,133.61 623,133.61 9 420,914.51 420,914.51 8 783,212.37 783,444.51 1,035,973.09 1,035,973.09 561,435.33 561,435.33 753,661.69 753,661.69 1,151,924.17 1,151,924.17 516,442.61 516,442.61 888,995.42 888,995.42 1,021,899.04 1,021,899.04 617,451.43 617,451.43 2,161,867.77 2,161,867.77 2,623,311.99 2,623,311.99 3,295,391.00 3,295,391.00 5,020,697.64 5,020,697.64 4,825,811.60 14 4,825,811.60 4,037,005.26 ' 16 4,037,005.26 3,999,388.99 3,999,388.99 15 4,538,123.80 4,538,123.80 9,643,850.07 9,643,850.07 9,941,809.96 9,941,809.96 3,848,056.78 3,848,056.78 2,672,276.57 2,672,276.57 3,502,305.80 3,502,305.80 3,862,217.41 3,862,217.41 ^ 5,196,542.00 5,196,542.00 1,727,848.63 1,727,848.63 13,106,592.88 13,106,592.88 22,033,519.19 22,033,519.19 94 14,989,465.48 14,989,465.48 1,478,526.74 29 1,478,526.74 2,079,992.38 2,079,992.38 1,198,461.21 1,198,461.21 1,681,592.24 1,681,592.24 58 4,193,690.68 4,193,690.68 9,431,353.20 9,431,353.20 66 1,887,799.80 1,887,799.80 58 5,296,306.74 5,296,306.74 60 6,342,289.48 6,342,289.48 69 6,649,604.31 6,649,604.31 69 5,965,974:27 66 5,965,974.27 4,362,770.76 40 6 4,362,770.76 4,761,409.34 40 4,761,409.34 3,053,513.24 42' 3,053,513.24 41 911,863.16 911,863.16 10,658,283.61 62 10,658,283.61 7,861,093.60 60 7,861,093.60 25,729,316.72 44 25,729,315.72 45,056,833.54 45,756,833.54 91 5,779,343.01 c6,804,953.64 64 5,364,887.61 43 6,633,715.23 3,992,319.44 27 4,683,416.48 11 290,532.18 1,704,561.80 170,361.73 375,692.47 19 1,699,709.09 2,079,908.13 26 10,525,267.10 11,195,156.21 30 8,222,651.19 8,612,850.23 34 7,385,450.82 8,110,649.86 43 8,915,869.83 9,683,869.83 49 5,446,382.16 758,332.15 Treasurer of the United States to Dec. 31, 1821, 1,025,610.63 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 • 5,446,382.16 758,332.16 aThis statement is made from warrants paid by the and by warrants issued after that date. 6 The unavailable funds are not included from and after this date. «The amount deposited with the States under act of June 23, 1836, having been taken out of the control of tbe Treasury Department by the act of Oct. 2,1837, is not included from and after this date. 233 TEEASUBES, Moo 5 0 . — B A L A N C E IN T H E T R E A S U R Y OP THE U N I T E D STATES; AMOUNT IN T R E A S URY OFFICES, AND AMOUNT IN DEPOSITARY B A N K S , ETC.—Continued. Balance in t h e Treasury. Date. In Treasury offices. 1849—June 30. 1850—J u n e 30. 1851—J u n e 30. 1852—June 30. 1853—J u n e 30. 1854—June 30. 1856—J u n e 30. 1866—June 30. 1857—J u n e 30. 1858—June 30. 1859—June 30. 1860—June 30. 1861—June 30. 1862—June 30. 1863—June 30. 1864—June 30. 1865—June 30. 1866—J u n e 30. 1867—June 30. 1868—June 30. 1869—June 30. 1870—June 30. 1871—June 30 1872—June 30. 1873—J u n e 30. 1874—June 30. 1 8 7 5 - J u n e 30. 1876—J u n e 30, 1877—June 30. 1878—June 30. 1879—J u n e 30. 1880—June 30. 1881—June 30. 1882—J u n e 30. 1883—J u n e 30. 1884—June 30. 1885—J u n e 30. 1886—June 30. 1887—June 30. 1888—June 30. 1889—June 30. 1890—June 30-. 1891—June 30. 1892—June 30. 1893—June 30, 1894—June 30 1895—June 30. 1896—June 30. 1897—June 30. 1898—June 30. 1899—June 30, 1900—June 30 1901—June 30, 1902—June 30, 1903—J u n e 30 1904—June 30, 1905—J u n e 30, 1906—June 30 1907—June 30, 1908—June 30 1909—June 30 $3,208 822.43 7,431 022.72 12,142 193.97 15,097: 880.36 22,286 462.49 20,300; 636. 61 19,529, 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 18,265, 984. 84 8,395, 443. 73 72,022, 019. 71 2,374; 744.10 78,352 599.12 135,270: 243. 53 92,353; 732. 20 117,944, 915. 43 67 105,279 84,819' 993. 41 61,935, 763. 46 52,528, 793. 53 64,723, 630. 48 51,712, 042.19 51,427 414.23 84,394, 007.01 130,570, 578.15 159,020, 734.90 160,528, 170. 50 173,974, 146.61 152,941, 618.24 151,579, 255.91 154,557, 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, 687.37 258,221, 832. 65 232,304, 043.90 175,438, 942.32 214,193, 189.26 214,206, 233. 65 234,964, 115.04 245,045, 797.03 248,685, 097. 53 217,591, 929. 57 230,674, 025. 59 249,958. 296.77 255,257; 493. 51 247,479, 310. 94 215,947, 902. 41 In depositary banks. 766.39 24,066 186.19 34,124: 171. 54 25,904 930. 78 22,779; 797. 62 8,597, 927. 34 8,206; 180. 34 6,919, 745.59 12,501, 595. 08 7.233, 551.11 7,435, 906. 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 64,698, 728.36 43,090, 750.53 26,779, 703.32 21,399, 689.16 10,450, 130.01 9,962, 526.00 10,423, 767.61 10,978, 505. 80 11,415, 474. 42 12,162, 158.05 33,843, 700.81 70,295, 326.94 92,621, 371.72 93,442, 683.09 117,14i; 564.13 140,001, 016.70 104,459: 638. 45 64,803: 466. 30 80,731: 058.05 166,803: 951.96 147,692, 0.36. 79 60,427 ;525.69 Total. $3,208 ,822.43 7,431 ,022.7212,142 193.97 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 18,265, 984. 84 8,395, 443. 73 112,002, 776.10 26,440, 930. 29 112,476, 770. 60 161,175, 174. 31 115,133, ,529. 82 126,542, 842. 77 113,485, 981.01 91,739, 739. 00 74,437, 358. 54 59,762, 346. 64 72,159, 597.17 63,274, 72L 71 58,947, 608.99 91,694,006.29 177,498. 846.71 367,054; 575.14 168,299, 404.40 182,678, 977.44 162,323, 331.14 161,382, 637.70 165,046, 380.59 182,622, 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, 792.53 124,824: 804.94 118,885:; 988.16 196,348: 193.17 269,637: 307.07 244,466: 201.95 209,282:; 643.13 284,488: 516.20 306,827' 605.37 328,406: 798.13 362,187:;36L16 388,686: 114.23 322,051' 568.02 295,477: 491.89 330,689: 354.82 422,06I:; 445. 47 395,171' 347. 73 276,375;428.10 Number of depositary banks. 204 330 382 385 370 276 148 159 163 158 154 146 143 145 124 127 131 130 134 140 135 132 160 200 290 270 205 185 159 160 155 160 160 168 172 357 442 448 677 713 842 837 928 1,255 1,436 1,414 234 No. BEPORT ON T H E EINANCES. 5 1 . — N A T I O N A L B A N K S DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS, WITH THE BALANCE H E L D SEPTEMBER 30, 1909. REGULAR DEPOSITARIES. Title of bank. To the credit of the Treasurer, of the United States and United States disbursing officers. Alabama. First National Bank, Birmingham.. Traders' National Bank, Birmingham Bank of Mobile National Banking Association, Mobile First National Bank, Montgomery.. City National Bank, Tuscaloosa Title of bank. Delaware. $92,172.42 First National Bank, Wilmington... 50,000.00 District of Columbia. 49,950.00 49,988.25 44,931.30 Commercial National Bank, Washington National Bank of Washington, Washington Alaska. First National Bank, Fairbanks First National Bank, Juneau 99,560.26 88,927.88 Arizona. First National Bank, Douglas First National Bank, Nogales Phoenix National Bank, Phoenix... Prescott National Bank, Prescott... Consohdated National Bank, Tucson. 25,000.00 23,760.46 50,000.00 40,000.00 50,000.00 Arkansas. Exchange National Bank, Little Rock 39,945.80 40,000.00 25,000.00 300,092. 80 42,106.94 40,000.00 50,519.79 39,526.78 169,370.38 100,000.00 29,995.00 110,199.74 100,000.00 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 Logan County National Bank, Sterling 393,675.57 449,237. 32 370,036.14 71,85L15 50,000.00 79,622. 49 24,82L40 Connecticut. First Bridgeport National Bank, Bridgeport City National Bank, Bridgeport Charter Oak National Bank, Hartford Hartford National Bank, Hartford.. Second National Bank, New Haven.. National Bank of Commerce, New London : Thames National Bank, Norwich... $49,403.06 177,009.20 468,120. 88 , Florida. First National Bank, Gainesville Atlantic National Bank, Jacksonville Barnett National Bank, Jacksonville, , First National Bank, Key West First National Bank, Pensacola Araerican National Bank, Pensacola First National Bank, Tarapa Exchange National Bank, Tarapa.. 42,595.21 25,920. 57 98/931.02 47,156. 99 27,122.97 50,000.00 124,896. 43 39,902.49 Georgia. 100,450.36 California. First National Bank, Eureka First National Bank, Fresno Farmers' National Bank, Fresno First National Bank, Los Angeles... First National Bank, Oakland California National Bank, Sacramento National Bank of D. 0 . Mills & Co., Sacramento First National Bank, San Diego First National Bank, San Francisco. American National Bank, San Francisco Crocker National Bank, San Francisco San Francisco National Bank, San Francisco Wells, Fargo-Nevada National Bank, San Francisco To the credit of the Treasurer of the United States and United States disbursing officers. 74,960.67 26,050.48 75,027.19 25,000.00 49,962.45 25,000.00 30,000.00 Atlanta National Bank,- Atlanta Lowry National Bank, Atlanta ", Coramercial National Bank, Macon. Merchants' National Bank, Savannah 123,748.29 271,425.51 50,000.00 174,652. 28 Hawaii. First National Bank of H a w a i i , Honolulu Idaho. First National Bank, Blackfoot Boise City National Bank, Boise Exchange National Bank, Coeur d'Alene Hailey National Bank, Hailey First National Bank, Lewiston Illinois. First National Bank, Chicago Coramercial National Bank, Chicago Corn Exchange 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 Comraercial-Gerraan N a t i o n a l Bank, Peoria Illinois National Bank, Peoria Merchants' National Bank, Peoria.. Quincy National Bank, Quincy Ricker National Bank, Quincy , RockJsland National Bank,'^Rock Island First National Bank, Springfield.... Illinois National Bank, Springfield.. State National Bank, Spnngfield..., 484,147. 78 51,822.42 104,095.34 25,000.00 24,958.58 24,933.21 250,000.00 250,000.00 341,747.96 150,000.00 198,960.87 24,675.98 75,000.00 300,000.00 300,000.00 "350,000. 00 350,000.00 471,826. 85 350.000. 00 349,934.76 25.000. 00 25,000.00 50.000. 00 43,894.51 40,000.10 39,602.55 235 TEEASUEEE. N o . 5 1 . — N A T I O N A L B A N K S DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS, WITH THE BALANCE H E L D SEPTEMBER 30, 1909—Continued. REGULAR DEPOSITARIES-Continued. Title of bank. To the credit of the Treasurer of the United States and United States disbursing officers. To the credit of the Treasurer of the United States. and United States disbursing officers. Title of bank. Indiana. Kentucky—Cont'mued. Old State National Bank, Evansville First National Bank, Fort Wayne.. Hamilton National Bank, Fort Wayne First National Bank, Hammond Citizens' German National Bank, Hammond American National Bank, Indianapohs Capital National Bank, IndianapoUs. Indiana National Bank, Indianapolis Merchants' National Bank, Indianapolis Dearborn National Bank, Lawrenceburg People's National Bank, Lawrenceburg Marion National Bank, Marion Citizens' National Bank, South Bend South Bend National Bank, South Bend First National Bank, Terre Haute.. First National Bank, Vinceimes German National Bank, Vincennes.. Lexington City National .Bank, Lexington ; First National Bank, Louisville Third National Bank, Louisville American National Bank, Louisville Citizens" National Bank, Louisville.. National Bank of Kentucky, Louis- I ville Southern National Bank, Louisville. Union NationalBank, Louisville 1 State National Bank, Maysville First National Bank, Owensboro National Deposit Bank, Owensboro. City National Bank, Paducah $49,176.91 25,000.00 25,000.00 ^ 125,000.00 125,000. 00 46,857. 58 50,000. 00 220,058.39 50,000.00 100,000.00 100.000.00 230,479. 82 25,000.00 25,000.00 199,829. 70 50,000. 00 50,000.00 Iowa. First National Bank, Burlington Cedar Rapids National Bank, Cedar Rapids City National Bank, Clinton First National Bank, Council Bluffs. First National Bank, Davenport Citizens' National Bank, Des Moines. Des Moines 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 City Security National Bank, Sioux City. 30,000.00 30,000. 00 25,000. 00 30,000. 00 60,000. 00 58,894. 56 60,291.55 74,064.86 24,937.68 50,000. 00 50,004. 60 25,000. 00 120,67L23 Kansas. National Bank of Commerce, Dodge City First National Bank, Junction City. Lawrence National Bank, Lawrence. First National Bani?:, Leavenworth.. Leavenworth National Bank, Leavenworth First National Bank, Pittsburg Merchants' National Bank, Topeka. 50,000.00 • 25,000.00 25,014.24 179,880.41 142,085.84 25,000.00 135,779.00 Kentucky. Citizens' National Bank, Bowling Green Carrollton National Bank, Carrollton First National Bank, Covington Citizens' National Bank, Covington. German National Bank, Covington.. Farmers' National Bank, Danville.. State National Bank, Frankfort Lawrenceburg National Bank, Lawrenceburg 25,000.00 40,000.00 74,952.12 75,000. 00 75,000.00 50,146.44 76,000.00 50,000.00 $75,000.00 149.802.62 59,995.50 150,984.80 149,866.66 150,000. 00 150,000. 00 330,745.09 25,000.00 60,152.85 59,926.66 29,844.69 Louisiana. Whitney-Central National New Orleans Bank, Maine. Granite National Bank, Augusta First National Bank, Bangor First National Bank, Houlton Portland National Bank, Portland.. Maryland. Third National Bank, Baltimore... Citizens' National Bank, Baltimore.. Merchants' National Bank, Baltimore National Exchange Bank, Baltimore National Mechanics' Bank, Baltimore First National Bank, Ciunberland... Second National Bank,Cumberland. Second Natiohal Bank, Hagerstown. Massachusetts. First National Bank, Boston Merchants' National Bank, Boston.. National Shawmut Bank, Boston... Mechanics' National Bank, New Bedford First National Bank of West Newton, Newton Third National Bank, Springfield... Mechanics' National Bank, Wor-^ cester Michigan. First National Bank, Bay City First National Bank, Detroit Oid Detroit National Bank, Detroit.. Fourth National Bank, Grand Rapids Houghton National Bank, Houghton Miners' National Bank, Ishpeming.. City National Bank, Kalamazoo First National Bank, Marquette First National Bank, Menominee.... First National Exchange Bank, Port Huron Second National Bank, Saginaw First National Bank, Sault Ste. Marie 275,964.80 68,227.22 50,000.00 25,000.00 89,675.88 125,000.00 125,000.00 103,486.32 143,213.54 125,000.00 25,000.00 40,000.00 25,000. 00 700,000.00 100,000.00 1,202,671.25 40,000.00 91,472.29 100,000.00 25,000.00 50,000.00 330,877.12 100,000.00 149,552.25 25,000.00 50,000.00 25,000.00 23,831.47 25,000.00 40,000.00 75,000.00 30,000.00 236 BEPOBT ON T H E FINANCES. N o . 5 1 . — N A T I O N A L B A N K S . DESIGNATED AS DEPOSITARIES OP PUBJJIC M O N E Y S , WITH THE BALANCE H E L D SEPTEMBER 30, 1909—Continued. REGULAR DEPOSITARIES-Continued. Title of bank. To the credit of the Treasurer of the United States and United States disbursing officers. New Jersey. Minnesota. Merchants' National Bank, Crooks: ton First National Bank, Duluth First National Bank, Minneapolis... Northwestern, National Bank, Minneapolis First National Bank, St. Paul...'.... Second National Bank, St. Paul National German-American Bank, St. Paul Mississippi. Bridgeton National Bank, Bridgeton $24,606.16 150,000.00 Camden National Bank, Camden.. 145,648.01 National State Bank, Elizabeth First National Bank, Jersey City.... 25,000.00 Essex Couijty National Bank, Newark 398,599.06. 399,915.24 Union National Bank, Newark Passaic National Bank, Passaic First National Bank, Paterson 25,000.00 Paterson National Bank, Paterson.. First National Bahk, Perth Amboy. First National Bank, Trenton First National Bank, Vicksburg ' Missouri. First National Bank, Kansas City.... National Bank of Commerce, Kansas City National Bank of the Repubhc, Kansas City First National Bank of Buchanan County, St. Joseph German-Araerican National Bank, St. Joseph Mercantile National Bank, St. Louis. Merchants'-Laclede National Bank, St. Louis National Bank of Comhierce, St. Louis State National Bank, St, Louis 47,332.11 Netv Mexico. 169,754. 33 First National Bank, Albuquerque.. State National Bank, Albuquerque Fhst National Bank, Clayton First National Bank, Roswell First National Bank, Santa Fe First National Bank, Tucumcari... 249,685.26 150,000.00 78,392.70 30,000.00 50,000.00 150,750.00 150,000.00 172,901.57 Montana. Yehowstone National Bank, Bihings. Commercial National Bank, Bozeman • First National Bank, B utte First National Bank, Glasgow First National Bank, Great Falls... American National Bank, Helena... National Bank of Montana, Helena.. Conrad National Bank, Kahspeh:.. First National Bank, Lewistown State National Bank, Miles C i t y . . . . Western Montana National Bank, Missoula 30,000.00 24,412.64 75,000.00 25,000.00 49,982.38 99,377.53 183,962.87 27,224.20 25,000.00 70,000.00 69,925.01 Nebraska. First National Bank, Lincoln First National Bank, Omaha Merchants' National Bank; Omaha.. .Nebraska National Bank, Omaha... Omaha National Bank, Omaha United States National Bank, Omaha Nevada. Farmers and Merchants' National Bank, Reno . ° New Hampshire. First National Bank, Concord Manchester National Bank, ManChester First National Bank, Portsmouth... New Hampshire National Bank, Portsmouth Title of bank. To the credit of the Treasurer of the United States and United . States disbursing officers. 49,859.02 129,041.14 150,000.00 149,905.03 393,482.51 149,852.49 62,606.86 39,990.29 25,000. 00 125,204.40 25,000.00 40,056.10 40,000. 00 40,000. 00 106,405.99 125,000.00 48,788.66 25,830.47 25,000.00 47,839.97 24,675.90 New York. First National Bank, Albany 92,484 22 National Coramercial Bank, Albany. 89,920.60 First National Bank, Binghamton.. 29,914.65 Nassau National Bank, Brookljm... 200,898.92 National Oity Bank, Brooklyn 150,000.00 Third National Bank, Buffalo 100,000.00 Marine National Bank, Buffalo 100,000.00 Second National Bank, Elmira .40,000.00 American Exchange National Bank, New York 190,726.15 Chemical National Bank, NewYork. 150,000.00 Citizens' Central National Bank, 151,121. 92 New York Hanover National Bank, New York. 150,000. 00 National Bank of Commerce, New York 323,531. 29 .National City Bank, New York 250. 000. 00 New York County National Bank, New York • 150, ooa 00 Phenix National Bank, New York.. 150,000.00 State National Bank, North Tonawanda 25,000. 00 National Bank of Ogdensburg, Ogdensburg 40,000. 00 1 Fust National Bank, Oswego 49,296.78 ! Westchester County National Bank, PeekskiU , 125,000.00 1 Plattsburg National Bank, Plattsi burg 22,823. 59 Lincohi National Bank, Rochester . 74,179. 99 •' Traders' National Bank, Rochester.. 25,07L41 ' Third National Bank, Syracuse 80,044.38 Manufacturers' National Bank, i Troy 54,355. 62 N ational State Bank, Troy 25,000. 00 First National Bank Utica 25,000. 00 Second National Bank, Utica 50,037.08 Watertown National Bank, Watertown -. 50,000. 00 North Carolina, American National Bank, Asheville. Commercial National Bank, Char, lotte.. : 25,000.00 First National Bank, D u r h a m . . . . . . 26,000.00 . 177,106.64 $25,000.00 43,019. 34 46,000.00 125,000.00 60,000. 00 75,000:00 50,000.00 237 TREASURER. No. 51o—NATIONAL B A N K S DESIGNATED AS DEPOSITARIES- OF PUBLIC M O N E Y S , WITH THE BALANCE H E L D SEPTEMBER 30, 1909—Continued. REGULAR DEPOSITARIES-Continued. Title of bank. To the credit of the Treasurer of the Uiuted States and Uiuted States disbursing officers. North CaroZina—Continued. Citizens' National Bank, Durham.. Greensboro National Bank, Greensboro Citizens' National Bank, Raleigh.. First National Bank, StatesviUe People's National Bank, Winston.. Pennsylvania. $50,000.00 50,000. 00 89,153.10 37,215.16 81,329.35 North Dakota. First National Bank, Bismarck Dakota National Bank, Dickinson.. . First National Bank, Fargo Second National Bank, Minot Citizens' National Bank, WiUiston.. 39,999. 98 25,000.00 100,000.00 49,900.00 50,000.00 Ohio. Fhst National Bank, Athens First National Bank, ChUlicothe First National Bank, Cincinnati Second National Bank, Cincinnati.. Foiurth National Bank, Cinchmati.. Fifth-Third National Bank, Cincinnati Citizens' National Bank, Cincinnati. Market National Bank, Cincinnati. First National Bank, Cleveland Baiik of Commerce, National Association, Cleveland...'. Deshler National Bank, Columbus.. Hayden-Clinton National Bank, Columbus Thud National Bank, Dayton First National Bank, HamUton Second National Bank, HamUton... Merchants' National Bank, Middletovm Fhst National Bank, Portsmouth... Commercial National Bank, Sandusky First National Bank, Toledo." Second National Bank, Toledo Troy National Bank, Troy 23,360.72 25,000.00 201,000.00 246,964.92 200,000.00 200,000.00 200,000.00 200,000.00 100, ooa 00 125,000.00 100,061 28 40,000.00 200,000.00 26,144.-48 25,000.00 75,000.00 30,000.00 25,000.00 25,569.30 24.999.00 50,000.00 40,000.00 75,000.00 75,000.00 75,000.00 250,000.00 24,311.38 Oregon. First National Bank, Bums La Grande National Bank, La Grande First National Bank, Lakeview First National Bank, Portland Merchants' National Bank, Portland United States National Bank, Portland Merchants' National Bank, AUentown First National Bank, Altoona First National Bank, Easton First National Bank, Erie First National Bank Harrisburg Conestoga National Bank, Lancaster. New First National Bank, MeadvUle Second National Bank, PhUadelphia. Com Exchange National Bank, PhUadelphia Farmers and Mechanics' National Bank, PhUadelphia Merchants' National Bank, Philadelphia Quaker City National Bank, PhUadelphia Second National Bank, Pittsburg Columbia National Bank, Pittsburg. Mellon National Bank, Pittsburg... Miners' National Bank, PottsviUe... First National Bank, Reading Third National Bank, Scranton First National Bank, Wilkes-Barre.. First National Bank, York 25,000.00 40,000.00 26,667.94 899,972.04 149,887.51 195,261.59 $25,000.00 50,000.00 25,000.00 46,153.74 50,000.00 59,979.64 50,000.00 25,000.00 248,824.51 50,000.00 150,000.00 150,000,00 150,000.00 150,000.00 400,000.00 25,000.00 50,000.00 74,330.94 40,000.00 40,000.00 Rhode Island. Aquidneck National Bank, Newport....Merchants' National Bank, Providence 49,122.93 126,041.97 South Carolina. First National Bank, Charleston... Palmetto National Bank, Columbia National Union Bank, Rock HUl 25,000.00 I 50,127. 68 South Dakota. 51,122. 55 Aberdeen National Bank, Aberdeen 50,000.00 Whi tbeck National Bank,Chamber- Oklahoma. First National Bank, Alva Ardmore National Bank, Ardmore.. Citizens' National Bank, EI Reno... Guthrie National Bank, Guthrie National Bank of Commerce, Guthrie First National Bank, Lawton First National Bank, Muskogee Commercial National Bank, Muskogee Western National Bank, Oklahoma City First National Bank, Woodward-... Title of bank To the credit of the Treasurer of the United States and United States disbursing officers. 100,492.42 80,000.00 25,000.00 49,459.86 lain .• First National Bank, Deadwood... Gregory National Bank, Gregory... First National Bank, Huron First National Bank, Lemmon First National Bank, Mitchell MitcheU National Bank, MitcheU.. First National Bank, Pierre Pierre National Bank, Pierre First NationarBauk, Rapid City... Minnehaha National Bank, Sioux Falls Sioux Falls National Bank, Sioux Falls 51,286.71 96,762.45 50,000.00 51,709.84 27,502. 35 26,932.20 30,000.00 25,000.00 25,000.00 50,000.00 First National Bank, Bristol First National Bank, Chattanooga... American National Bank, Chattanooga First National Bank, ClarksvUle Manufacturers' National Bank, Harriman Unaka National Bank, Johnson City, East Tennessee National Bank, KnoxvUle , 25,000.00 131,413.74 42,708.68 25,000.00 30,000.00 25,000.00 25,000.00 96,217.68 70,415.00 238 No. REPORT ON T H E FINANCES. 5 1 . — N A T I O N A L B A N K S DESIGNATED AS DEPOSITARIES OF PUBLIC MONEYS, WITH THE BALANCE H E L D SEPTEMBER 30, 1909—Continued. R E G U L A R DEPOSITARIES—Contmued. Title of bank. To the credit of the Treasurer of the United States and United States disbursing officers. Title of bank. Washington. Tennessee-Continued. First National Bank, Memphis... First National Bank, Nashville.. American National Bank, Nashville. First National Bank, Tullahoma. $147,899.81 124,025. 76 50,000.00 24,932.18 Texas. American National Bank, Austin.. Austin National Bank, Austin American Exchange National Bank, Dallas :... City National Bank, Dallas First National Bank, Eagle Pass... First National Bank, El Paso City National Bank, El Paso Galveston National Bank, Galveston South Texas National Bank, Houston -. Laredo National Bank, Laredo First National Bank, Port Arthur... San Antonio National Bank, San Antonio Merchants and Planters' National Bank, Sherman Citizens' National Bank, Waco 25,000.00 200,570.82 89,473.94 89,762.32 24,199.46 97,080.93 30,000.00 59,949.70 50,000.00 25,000.00 23,635.08 288,625.95 99,925.16 49,969.40 80,981.56 196,958. 36 Vermont. Merchants' National Bank, Burlington National Bank of Newport,Newport 74,767. 21 38,765.15 Virginia. First National Bank, Abingdon First National Bank, Alexandria First National Bank, Danville Lynchburg National Bank, Lynchburg First National Bank. Newport News. Newport News National Bank, Newport News National Bank of Commerce, Norfolk : Norfolk National Bank, Norfolk Virginia National Bank, Petersburg. American National Bank,Richmond Merchants' National Bank, Richmond National Bank of Virginia, Richmond 7 First National Bank, Bellingham... First National Bank, North Yakima. First National Bank, Port Townsend National Bank of Commerce, Seattle. Seattle National Bank, Seattle Exchange National Bank, Spokane. Old National Bank, Spokane I National Bank of Comraerce, Tacoraa| Pacific National Bank, Tacoraa Vancouver National Bank, Vancouver First National Bank, Walla WaUa.. 40,000.00 24,828. 70 24,950.20 75,000.00 53,364.20 0 15,251.67 299,317.57 581,099.62 • 49,872.78 100,000. 00 125,040.90 99,714.98 $40,000.00 108,787.96 101,076.57 899,078.95 895,834.86 74,982.88 71,849.74 160,023.19 50,000.00 24,908.95 38,580.35 West Virginia. Citizens' National Bank, Charleston First National Bank, Grafton First National Bank, Huntington.. Old National Bank, Martinsburg... First National Bank, Parkersburg . National Exchange Bank, Wheeling 49,426. 24 40,000.00 .Utah. First National Bank, Ogden XJ tah National Bank, Ogden Deseret National Bank. Salt Lake City National Bank ofthe Repubhc, Salt Lake City To the credit of the Treasurer of the United States and United States disbursing officers. 150,671.07 25,000.00 25,000.00 25,000.00 50,000.00 125,000.00 Wisconsin. Ashland National Bank, Ashland.. Kellogg National Bank, Green Bay. National 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 60,427.34 29,985.21 30,000.00 49,936.93 249,414.51 249,618.73 124,514.13 30,070.00 Wyoming. First National Bank,- Buffalo '.. First National Bank, Cheyenne Stock Growers' National Bank, Cheyenne First National Bank, Evanston. First National Bank, Lander 24,529.00 100,000.00 99,501-32 24,592.40 25,000.00 ADDITIONAL DEPOSITARIES. Philippine Islands. Treasury of the Phihppine Islands, Manila 3,688,518.34 Porto Rico. American Colonial Bank of Porto Rico, San Juan Total. a In liquidation. 201,66L40 46,858,131.17 239 TREASURER. No. 5 1 . — N A T I O N A L B A N K S DESIGNATED AS DEPOSITARIES OP PUBLIC M O N E Y S , WITH THE BALANCE H E L D SEPTEMBER 30, 1909—Continued. SPECIAL DEPOSITARIES. In State or Territory- To the credit Num- of the Treasurer of the ber. United States. Alabama Arizona Arkansas , California Colorado Connecticut Delaware District of Columbia Florida Georgia Idaho Illinois :..:... Indiana Iowa. Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minneso'ta Mississippi Missouri Montana $12,000.00 1,000.00 5,000.00 20,000.00 .12,000.00 10,000.00 1,000.00 1,608.500.CO 7,000.00 23,000. 00 0,000.00 41,000.00 50,000.00 50,000.00 37,000.00 25,000.00 11,000.00 000.00 000.00 000.00 000.00 000.00 000.00 000.00 000.00 In State or T e r r i t o r y - Nebraska Nevada New Hampshire. NewJersey New Mexico NewYork North Carolina.. North Dakota . . . Ohio Oklahoma Oregon Pennsylvania . . . Rhode Island . . . South Carolina.. South Dakota . . . Tennes.see Texas Vermont Virginia Washington West Virginia . . . Wisconsin Wyoming To the credit Num- of the Treasurer of the ber. United States. 26 2 15 10 2 68 . 13 3 66 12 10 125 3 7 2 6 35 9 31 5 13 24 7 Total. S26,000.00 2,000.00 15,000.00 10,000.00 2,000. 00 6S, 000.00 13,000.00 3,000.00 66,000.00 12,000.00 10,000.00 125,000. GO 3,000.00 7,000.00 2,000. CO 6,000. CO 35,000. CO 9,000. CO 31,000. CO 5,000. CO 13,000.00 24,000. (0 7,065. CO 2,573,565.(0 EECAPITULATION. Regular depositaries Special depositaries Total $46,858,131.17 2,573,565.00 49,431,696.17 •. , : N o . 5 2 . — N U M B E R OP NATIONAL BANKS WITH SEMIANNUAL DUTY P A I D , BY FISCAL Y E A R S , AND N U M B E R OP DEPOSITARIES WITH BONDS AS SECURITY AT CLOSE OF EACH F I S C A L Y E A R . Fiscal year. 1895 1896. 1897 1898.... 1899 1900 1901. 1902 1903. 1904 1905 1906 1907 1908 J909 '. Number held Number Bonds Semiannual of secure cir- duty deposof banks. toculation. collected. itaries. 3,767 $207,680,800 $1,704,007.69 3,737 228,915,950 . 1,851,676.03 3,615 2,020,703.65 230,471,550 3,634 220,201,400 1,901,817.71 3,599 229,688,110 1,991,743.31 3,822 284,378,040 1,881,922.73 4,187 1,599,221.08 320,119,230 4,553 317,038.530 1,633,309.15 5,014 1,708.819.92 375,068,770 5,409 1,928.827.49 416,016,690 5,782 468,066,940 2,163,882.05 6,138 2,509,997.80 520,605,210 6,538 558,364,600 2,806,070.54 6,827 028,172,130 . 3,090, s n . 72 7,020 660,089,070 3,190,543.04 160 160 168 172 357 442 448 * 577 713 842 837 927 1,255 1,436 1,414 Bonds held to secure deposits. $15,278,000 16,928,000 16,930,500 30,851,500 78,564,540 107,253,580 105,765,450 124,718,650 152,-852,020 112,902,550 80,404,950 95,575,725 193,244,052 180,459,419 81,244,071 Total bonds held. $222,958,800 245,843,950 247,402,050 251,052,900 308,252,650 391,631,620 431,884,680 441,757,180 527 920 790 528.919.240 548,471,890 616,180,935 7.51,608,712 808.r31,549 741,933,071 240 REPORT^ ON T H E EINANCES. N o . 5 3 . — - A V E R A G E AMOUNT OP NATIONAL-BANK N O T E S IN CIRCULATION AMOUNT OP D U T Y P A I D THEREON FOR THE FISCAL YEAR E N D E D J U N E 30, BY NATIONAL B A N K S IN EACH STATE AND TERRITORY. Average D u t y paid a m o u n t of n o t e s in circu- on tcirculaion. lation. S t a t e or T e r r i t o r y . Average a m o u n t of notes in circulation. D u t y paid on c i r c u l a tion. Maine . . . New Hampshire Vermont Massachusetts R h o d e Island Connecticut $5,726,373.00 4,903,529.00 4,582,794.00 30,116,958.00 4,111,137.00 12,524,398.00 $31,256.28 26,001.39 23,914.73 162,990.55 20,674.42 64", 577.79 Ohio Indiana Illinois Michigan . Wisconsin Minnesota Total, New E n g l a n d States 61,965,189.00 329,415.16 Missouri Total, Middle States 85,453,584.00 13,328,164.00 81,510,361.00 1,474,949.00 12,128,654.00 4,925,349.00 452,918.82 69,198.99 435,973.68 7,621.96 64,634.33 26,403.31 New York N e w Jersey Pennsylvania Delaware District of C o l u m b i a . . • Total, Eastern Virginia . West V i r g i n i a . . . . . . . . S o u t h Carolina Georgia Florida Alabama Mississippi Louisiana Texas Arkansas Kentucky P o r t o Rico Total, S o u t h e r n States No. 10,076,521.00 54,607.09 7,076,734.00 35,696.32 5,498,301.00 - 28,600.73 3,236,212.00 16,285.80 8,981,831.00 45,527.98 3,543,529.00 17,913.13 6,569,206.00 33,460.54 2,831,769.00 14,177.04 6,028,324.00 31,917.09 24,747,615.00 128,015.57 1,931,263.00 9,736.59 14,283,990.00 73,118.52 8,599,067.00 43,399.91 70,000.00 350.00 103,474,362.00 532,806.31 S t a t e or T e r r i t o r y . North Dakota South Dakota Kansas Oklahoma Montana Wyoraing Colorado N e w Mexico . Total, Westem States Washington Oregon.. California Idaho Utah Nevada Arizona Alaska Hawan Total, Pacific States Total, U n i t e d States $34,187,910.00 19,976,92L00 33,525,75L00 9,004,126.00 12,088,445.00 12,926,489.00 15,284,878.00 25,496,97L00 $190,875.63 104,142. 40 172,344.42 46,290. 59 62,446. 85 64,724. 37 77,171. 23 129, 228. 59 162,491,49LO0 847,224.08 2,474,542.00 2,138,154. 00 8,928,888.00 . 9, 638,194. 00 7,527.50L00 2,249,746. 00 1,209,236.00 6,826,239.00 1,539,478.00 12,416. 57 10,690. 80 45,906.67 48,963. 61 37,754. 90 11,355.96 6,342. 82 34, 474. 97 7,699. 93 42,525,978.00 ^15,606.23 5,120,996. 00 3,044,566.00 27,157,764. 00 1,196,162. 00 1,895,800. 00 1,473,506.00 652,568.00 55,700. 00 262,028.00 26,174.64 15,306. 69 136,827.04 6,259. 43 9,524 32 9,796. 56 3,262.85 278. 51 1,310.13 40,859, 090. OO- 208,740.17 OIO, 137,17L 00 3,190,543.04 5 4 . — R E C E I P T S AND D I S B U R S E M E N T S OP P U B L I C M O N E Y S THROUGH NATIONAL B A N K D E P O S I T A R I E S , BY FISCAL Y E A R S PROM 1895. Fiscal year. 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 198,821,061.00 1,056,751.09 AND 1909, Receipts. F u n d s transF u n d s transWarrants paid b y ferred to b a n k s . ferred to T r e a s u r y banks. by banks. $169,440,435. 46 $41,892,885.26 181,705,917. 74 46,867,861.23 149,306,649.29 50,059,755.00 207,178,119. 61 ^ 82,971,223.08 283,276,222.20 226,173,117.13 303,903,655. 56 166,289,607.85 313,373,160.38 125,443,007. 56 281,234,09L57 157,041,571.84 244,947,528. 71 201,897,430.60 251,970,862.51 176,189,611. 66 251,255,327.39 134,884,137.86 267,418,788. 43 233,200,148. 62 313,824,771.09 349,196,379.80 293,869,490.31 297,371,652.96 300,924,352.92 192,639,939.96 $187,592,511.38 205,465,259.58 179,269,503.12 245,636,845.31 448,437.283.16 425,260,383.24 413,853,457.60 388,229,463.27 388,539,946.66 414,301,175. 71 368,889,785.82 427,142,930. 07 516,805,991.82 544,589,160. 96 502,286,495.43 $23,186,071.15 22,671,550. 77 19; 350,217. 54 22,830,954.62 24,560, 430. 04 22,606,835.39 24,141,398. 97 26,347,319.10 35,445,560.08 49,400,676. 71 56,905,851.58 57,548,415. 23 60,142,265.16 65,763,897.28 79,016,707.39 Balance. $11,193,267.18 11,630,235.80 12,376,919.43 34,058,462.19 70,510,088.32 92,836,133.10 93.657,444. 47 117; 356,325. 51 140,215,778.08 104,674,399.83 65,018,227.68 80,945,819.43 167,018,713.34 147,906,798.17 60,167,888.23 241 TEEASUEEE. N o . 5 5 . — S E V E N - T H I R T Y N O T E S I S S U E D , R E D E E M E D , ANTD O U T S T A N D I N G J U N E 30, 1909. Redeemed to Redeemed during Total issued. June 30,1908. year. Issue. July 17,1861... August 15, 1864, June 15, 1865... July 15, 1865.-.. $140,094,750 $140,085,350 299,992,500 299,947,000 331,000,000 330,969,700 199,000,000 198,954,750 Total 970,087,250 969,956,800 Total redeemed. Outstanding. $100 500 50 $140,085,350 299,947,100 330,970,200 198,954,800 $9,400 45,400 29,800 45,200 650 969,957,450 129,800 N o . 5 0 . — C O U P O N S PROM U N I T E D STATES B O N D S AND I N T E R E S T NOTES P A I D DURING THE FISCAL Y E A R 1909, CLASSIPIED BY L O A N S . Number of coupons. Title of loan. Five-twenties of 1862 Five-twenties of June. 1864. Five-twenties of 1865 Consols of 1867 Funded loan of 1881 Funded loan of 1891 Loan of 1904 Funded loan of 1907 Loan of 1925 14 .1 3 3 4 13 21 11,061 99,205 Amount. Number of coupons. Title of loan. $25.50' Loan of 1908-1918 3.00 j Consols of 1930 90.00 Panama Canal loan of 6.00 1916-1936 • 50.00 Panama Canal loan of 14.63 1918-1938 13.75 7.30 notes of 1864-65 .29,822. 50* 844,443.00 Total. Amount. 329,524 26,992 $709,118.40 103,069. 50 438 558 80 1,546 24 6,433.70 - 144.17 468,849 1,693,792.95 N o . 5 7 . — C H E C K S I S S U E D POR I N T E R E S T ON R E G I S T E R E D B O N D S DURING THE FISCAL Y E A R 1909. Title of loan. Number. Loan of 1925 Loan of 1908^1918 .• Consols of 1930 Panama Canal loan of 1916-1936 Panaraa Canal loan of 1918-1938 Philippine loan of 1914-1934 Philippine loan of 1915-1935, public iraprovement bonds Philippine loan of 1915-1935, Manila sewer and water bonds Philippine loan of 1916-1936, public improvement bonds . . . Philippine loan of 1917-1937, Mamla sewerand water bonds District of Columbia 3.65 per cent bonds Total No. Amount. 16,685 60,967 40,684 3,485 633 1,692 513 188 98 86 498 $3,889,248.50 1,222,948.20 12,821,423.50 1,092,002.10 292,900.70 280,000. 00 100,000.00 40,000.00 40,000.00 80,000.00 350,363.50 125,529 20,208.886.50 5 8 . — I N T E R E S T ON 3.65 P E R CENT B O N D S OP THE 'DISTRICT OP COLUMBIA P A I D DURING THE FiSCAL Y E A R 1909. Where paid. Treasury United States, Washington Subtreasury United States, New York Total . . . Coupons. Checks. $2,779.45 16,647.65 $14,490.50 335,581.00 $17,269.95 352,228. 65 19,427.10 350,071.50 369,498.60 Total. N o . 5 9 . — R E P U N D I N G CERTIFICATES, ACT OF F E B R U A R Y 26,1879, I S S U E D , R E D E E M E D , AND O U T S T A N D I N G . How payable. To order To bearer... Total... Issued. :.... .. $58,600 . . 39,964,250 $30 620 $58,480 39,936,550 $20 17,700 40,012,750 550 39,995,030 17,720 . • 13518—FI 1909- -16 Redeemed Total during retired to Outstanding. year. June 30,1908. 242 REPORT ON T H E EINANCES. N o . 0 0 . — P U B L I C D E B T J U N E 30, 1908, AND J U N E 30, 1909, AND CHANGES DURING THE Rate of'interest. Title of loan. YEAR. Outstanding June 30, 1908. Issued durmg year. Retired durmg year. Outstanding June 30,1909. INTEREST-BEARING DEBT. Loan of 1925 Loan of 1908-1918 Consols of 1930 Panama Canal loan of 1916-1936. Panama Canal loan of 1918-1938. Certificates of indebtedness Perct. - 4 $118,489,900.00 3 63,945,460.00 2" 646,250,150.00 2 ' 54,631,980.00 2 $30,000,000.00 3 14,186,500.00 $14,186>5OO.O0 30,000,000.00 14,186,500.00 897,503.990.00 Total . $118,489,900.00 63,945,460.00 646,250,150.00 54,631,980.00 30,000,000.00 913,317,490.00 D E B T ON W H I C H I N T E R E S T . HAS C E A S E D . Olddebt.. Loan of 1847 Texan indemnity stock 5 5 Loan of 1858 6 5-20sof 1862 6 5-20S of June, 1864 6 6-20S of 1865 5 IO-40S of 1864 6 Consols of 1865 6 Consols of 1867 6 Consols of 1868 6 Loan of February, 1861 5 Funded loan of 1881 Funded loan of 1881, con• tinued Oregon war debt Loan of July and August, 1861. 6 Loan of July and August, 1861, continued Loan of 1863 (1881's) Loan of 1863, continued Lban of July 12, 1882 Funded loan of 1891 Funded loan of 1891, continued. 5 Loan of 1904 4 Funded loan of 1907 6 Treasury notes of 1861 7.30s of 1861 One-year notes of 1863 Two-year notes of 1863 6 Compound-interest notes 6 7.30s of 1864-65 Certificates of indebtedness.. . Temporary loan 4to6 3 3 per cent certificates 4 Refunding certificates f 60.00 2,250.00 15,050.00 f f 1,600.00 3,100.00 IOO.00 200.00 24,500.00' 32,000.00 72,600.00 3,065,550.00 2,300.00 9,400.00 30,400.00 26,850.00 159,710.00 121,050.00 3,000.00 2,850.00 5,000.00 18,270.00 I* Total 151,635.26 950.00 •20,000.00 2,000.00 108,250.00 14,000.00 19,850.00 18,850.00 60,000.00 95,200.00 10,800.00 5,000.00 27,650.00 200.00 450.00 600.00 700.00 * 5,650.66 50.00 2,250.00 15,050.00 750.00 28,850.00 1,208,200.00 ' 30.00 230.00 650.00 550.00 1,246,160.00. 4,130,015.26 ol51,635.26 950.00 20,000.00 2,000.00 108,250.00 14,000.00 19,850.00 18,660.00 59,550.00 94,700.00 10,100.00 5,000.00 22,600.00 1,600.00 3,100. CO 100.00 200. 00 23,750.00 32,000.00 43 750 00 1,857,350.00 2,300.00 9,400.00 30,370.00 26,850.00 159,480.00 120,400.00 3,000.00 2,850.00 6,000.00 17,720.00 2,883,855.26 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 Total-.-. .. - 53,282.50 346,681,016.00 132,940,000.00 132,940,000.00 53,282.50 346,681,016.00 72,459,284.50 6,862,814.28 45,621,739.50 89,662,083.00 2,027. op 28,518,94L00 6,860,787.28 426,056,397.28 178,561,739.50 222,504,110.00 382,114,026.78 819,783,869^00 474,350,000.00 4,982,000.00 294,710,000.00 336,860,000.00 261,892,000.00 326,796,000.00 767,000.00 852,601,869.00 484,414,000.00 4,215,000.00 CERTIFICATES AND TREASURY NOTES. Gold certificates Silver certificates Treasury notes of 1890 Total 1,299,115,869.00 631,570,000.00 589,455,000.00 1,341,230,869.00 Aggregate 2,626,806,271.54 840,131,739.60 827,391,770.00 2,639,546,24L 04 TREASURER. 243 N o . 0 1 . — U N I T E D STATES B O N D S R E T I R E D , PROM MAY, 1869, TO J U N E 30, Title of loan. Loan of 1847 Bounty-land scrip Loan of February, 1861 Oregon war debt Loan of July and August, 1861 5-20sof 1862 Loan of 1863 5-20S of March, 1864 5-20S of June, 1864 5-20sof 1865....: Consols of 1865 Consols of 1867. Consols of 1868 Texan indemnity stock Loan of 1860 L(5anof 1858 lO-40sofl864 Funded loan of 1881 Funded loan of 1891 Funded loan of 1907 Loan of July and August, 1861, continued Loan of 1863, continued Funded loan of 1881, continued Loan of July 12,1882 Loan of 190S-1918 Funded loan of 1891, continued Bonds issuM to Pacific railroads: Central Pacific Union Pacific Kansas Pacific Central Branch, Union Pacific... Western Pacific. Sioux City and Pacific Loan of 1904 Loan of 1925 Total. Rate of interest. Per ct. 6 6 6 6 6 6 6 6 6 6 6 6 6 5 5 6 5 5 4^ 4 3i P Redeemed. $47,900 1,175 7,798,000 685,950 12,932,400 430,417,000 4,684,700 2,382,200 69,868,900 157,697,450 205,285,250 310,107,750 37,478,550 232,000 7,022,000 6,041,000 192,459,150 72,867,650 81,045,850 60,776,400 Purchased. $10,612,000 256,800 48,776,700 57,155,850 19,854,250 1,119,800 43,459,750 36,023,350 118,950,550 62,846,950 4,794,050 6 6 6 6 6 6 5 4 25,885,120 27,236,512 6,303,000 1,600,000 1,970,560 1,628,320 19,341,300 2,348,734,387 380,500 12,218,650 9,586,600 8,703,600 6,568,600 256,650 441,728,950 13,231,650 292,349,600 2,913,640 25,380,200 $27,091,000. 13,967,000 2,089,500 43,599,000 143,518,200 236,575,400 127,595,600 37,226,200 109,155,250 305,581,050 3 2 Converted and exchanged. 8,543,650 43,825,500 132,449,900 72,071,300 882,826,340 1,032,683,500 1909. Total. $47,900 1,175 18,410,000 942,750 61,709,100 514,663,850 24,538,950 3,882,500 125,547,300 203,307,400 332,939,400 379,523,300 42,529,250 232,000 7,022,000 19,998,000 194,548,650 116,466,650 224,564,050 739,080,750 127,595,600 50,457,850 401,504,850 305,581,050 135,363,440 25,380,200 25,885,120 27,236,512 6,303,000 . 1,600,000 1,970,560 1,628,320 99,956,250 43,825,500 4,264,243,227 244 No. REPORT ON T H E EINANCES, 0 2 . — B O N D S AND OTHER SECURITIES R E T I R E D FOR THE SINKING F U N D DURING THE FISCAL Y E A R 1909, AND TOTAL PROM MAY, 1869. Title of loan. Retired d u r i n g fiscal year. F r o m May, 1869. Redeemed. W a r - b o u n t y scrip $175.00 10,000.00 L o a n of 1860 3,000.00 L o a n of F e b r u a r y , 1861 Oregon w a r d e b t 1,550.00 78,450.00 L o a n of J u l y a n d A u g u s t , 1861 30,047,400.00 5-20S of 1862 L o a n of 1863 23,100.00 I0-40S of 1864 691,600.00 ,5-20s of March, 1864 11,072, 100.00 6-20s of J u n e , 1864 :.... 1,982, 450.00 .6-20sof 1865 Consols of 1865 65, 450.00 Consols of 1867. 76, 700.00 Consols of 1 8 6 8 . . : 21, 350.00 F u n d e d loan of 1881 $5,050.00 25,091, 350.00 F u n d e d loan of 1891 750.00 50,764, 800.00 F u n d e d loan of 1907 1,208,200.00 59,357 550.00 L o a n of 1904 28,850.00 19,341 300.00 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 . 56,633, 000.00 , L o a n of 1863, continued 37,220, 300.00 F u n d e d loan of 1881, continued 43,710, 300.00 L o a n of J u l y 12, 1882 168,692; 750.00 L o a n of 1908-1918 F u n d e d loan of 1891, c o n t i n u e d 25,380,200.00 L o a n of 1925 T r e a s u r y notes issued prior t o 1846 110.00 T r e a s u r y notes of 1861 , 200.00 T e m p o r a r y loan certificates, act i862 110.00 Certificates of i n d e b t e d n e s s , act 1862 1,000.00 Certificates of i n d e b t e d n e s s of 1870 678,000.00 One-year notes of 1863 30.00 5,335.00 Two-year notes of 1863 1,650.00 C o m p o u n d - i n t e r e s t notes "2.36.*66" 30,060.00 7.30s of 1861 1,450.00 7.30s of 1864-65 650.00 13,100.00 Fractional currency 26,255,095. 65 2,027.00 U n i t e d States notes 29,090,564.00 Old d e m a n d notes 3,185.00 N a t i o n a l - b a n k notes 41,865,057.00 550.00 Refunding certificates 5,270.00 Certificates of i n d e b t e d n e s s 14,186,500.00 13,936,500.00 Total. 15,432,837.00 642,151,561.65 Purchased. $10,612,000.00 256,800.00 48,776,700.00 24,029,150.00 19,854,250.00 361, 600.00 18,356, 100.00 16,866, 150.00 48,166, 150.00 32,115, 600.00 2,213, 800.00 43,599, 000.00 46,274, 850.00 134,291, 400.00 8,543, 650.00 2,396,800.00 "43," 825," 500." 66 1,350.00 1,500,000.00 Total. $175. 00 10,000.00 10,615,000.00 258,350.00 48,855,150.00 54,076,550.00 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 2,235,150". 00 68,690,350.00 97,039,650.00 193, 648,950.00 27,884,950.00 56,633,000.00 37,220,300.00 43,710,300.00 168,692,750.00 2,396,800.00 25,380,200.00 43,825,500.00 110.00 200.00 110.00 1,000.00 • 678,000.00 5,335.00 1,650.00 30,060.00 1,450.00 13,100.00 26,255,095.65 29,090,564.00 3,185.00 °41,865,0.57.00 6, 620.00 15,436,500.00 502,040,850.00 1,144,192,411. 65 245 TEEASUREE. No. 0 3 . — P U B L I C D E B T , EXCLUSIVE OF CERTIFICATES AND T R E A S U R Y THE E N D OF EACH M O N T H , PROM J A N U . \ R Y , 1903. Month. Interest bearing. 1903—January °.. $914,541,330 February 914 541,420 March 914 541,370 914 541,390 April 914 541,360 May 914 541,410 June 914 541,400 July 914 541,400 August Septeraber 912 539,440 October .905 277,060 November 902 911,240 December 901 747,220 1904—January 900 470,950 February 895, 156,700 March 895, 156,740 895, 157,440 Aprh 895, 157,430 May 895 157,440 June 895 157,540 July 895 157,630 August September 895 157,630 October 895 157,770 November 895 157,470 December 895 157,470 1905—January • 895 157,510 February 895 157,530 March 895 157,530 895 158,070 April 895 158,240 May 895 158,340 June... 895 158,720 July 895 158,700 August September 895 158,680 October 895 158,940 Noveraber 895 159,120 December 895 159,140 1906—January 895 159,ISO February 895 159,170 March 895 159,170 895 159,160 April 895 159,150 May.... . 895 159,140 June 895 159,090 July 922 133,380 August '— September 925 159,200 October 925 159,250 November 925 159,190 December 922 717,880 1907—January 922 020,560 February 920 099,510 March 908 233,660 April 901 568,630 li&Y . . . : . . . . . . . 899 972,780 894 834,280 June 858 685,510 July 858 685,510 August .... September 858 685,510 October 858 685,510 November 869 603,010 , Deceraber 898 210,050 1908—January 898 753,990 February 898 753,990 March . 897 503,990 897 503,990 April 897 503,990 May 897 503,990 June 897 503,990 July 897 503,990 August September . 897 253,990 October 897 253,990 Noveraber 883 317,490 Deceraber 912 900,850 1909—January 913 307,490 February 913 317, 490 March 913 317,490 April 913 317,490 913 317,490 MayJune 913 317,490 July 913 317,490 August 913 317,490 September 913 317,490 Matured. U n i t e d States notes a n d fractional currency. $1,230,910.26 $353,607,457.13 1,230,510. 26 353,607,457.13 1,230,100. 26 353,606,554.13 1,230,050.26 353,606,554.13 1,214,900.26 353,606,554.13 1,205,090.26 353,606,104.13 1,205,070.26 353,606,104.13 1,204,070.26 353,606,104.13 1,197,0^0.26 353,606,104.13 1,196,930.26 353,606,104.13 1,196,720.26 353,606,104.13 1,196,530.26 353,605,45L13 1,196,530.26 353,605,45L13 3,161,680.26 353,605,450.13 2,670,510.26 353,605,450.13 2,347,480.26 353,604,715.13 2,109,950.26 353,604,713 38 1,970,920.26 353,604,113.38 1,881,130. 26 353,604,113 38 1,841,270.26 353,604,113 38 1,662,220.26 353,604,113.38 1,627,700.26 353,604,113.38 1,495,400.26 353,603,328.38 1,447,260.26 353,603,328.38 1,431,470.26 353,603,328.38 1,417,320.26 353,603,328.38 1,406,450.26 353,602,765.58 1,401,045.26 353,602,765.58 1,377,165. 26 353,602,247.58 1,370.245.26 353,601,407.58 1,264,735.26 353,601,407.58 1,256,535.26 353,601,407.58 1,256,405.26 353,601,407.58 1,231,075.26 353,601,007.58 1,208,095. 26 353,601,007.58 1,199,635.26 353,601,007.58 1,170,825.26 353,601,007.58 1,156,705.26 353,601,007.58 1,139,425. 26 353,600,257.58 1,139,145. 26 353,600,257. 58 1,135,045. 26 353,600,257.58 1,128,135.26 353,600,055. 78 1,126,585. 26 353,600,055. 78 1,126,375. 26 353,599,535.78 1,126,375. 26 353,599,535.78 1,123,205.26 353,599,535.78 1,118,975.26 353,599,535.78 1,118,765.26 353,599,535. 78 1,095,745.26 353,599,535. 78 1,095,695.26 353,598,775. 78 1,095,365.26- 353,598,775.78 1,095,135. 26 353,598,775.78 1,086,925.26 353,598,775.78 1,086,815. 26 353,598,292. 78 13,563,135. 26 353,598,292. 78 9,623,105.26 353,598,292. 78 8,272,545. 26 353,598,292.78 6,930,955.26 353,597,847.78 6,228,015.26 353,597,847.78 5,580,385.26 353,597,732.78 5,107,205.26 353,597,732.78 4,887,095.26 353,597,732. 78 4,675,215. 26 353,597,132 78 4,500,695. 26 353,597,112.78 4,291,305. 26 353,597,112. 78 4,130,015. 26 353,597,112 78 3,943,745.26 353,596,672.78 3,867,625.26 353,596,672.78 3,82.3,195.26 353,596,672.78 3,738 .235. 26 353,596,222 78 3.647,265.26 353,596,222.78 3,448,935.26 353,596,222.78 3,373,705. 26 353,595,655.78 3,338,485.26 353, .'->95, 655.78 3,292,355.26 353,595 655 78 3,131,115. 26 353.59'), 655. 78 2,987,115. 26 353,595,085.78 2,883,855.26 353,595,085.78 2,814,475.26 353,595,085.78 2,793,625.26 353,594,607.78 2,761,285.26 353,594,192.78 National-bank nptes, r e d e m p tion account. NOTES, AT Total. $42,908,829.00 $1,312,288,526.39 43,136,98L 50 1,312,516,368.89 43,147,883. 50 1,312,525,907.89 42,883,61 LOO 1,312,261,605.39 41,494,116.00 1,310,856,930.39 40,053,308.50 1,309,405,912.89 38,962,178.50 1,308,314,752.89 38,023,493 50 1,307,375,067.89 39,827,135.50 1,307,169,729.89 38,959,809.50 1,299,039,903 89 37,292,775.00 1,295,006,839.39 36,976,574.00 1,293,525,775.39 38,534,696.50 1,293,807,627.89 39,179,309. 00 1,291,103,139.39 38,689,396. 00 1,290,122,096.39 38,663,6n. 50 . 1,289,773,246.89 1,288,589,149.64 37,717,056.00 35,526,542. 50 1,286,259,016.14 1,284,862,992.14 34,220,208.50 1,285,368,746.14 34,765,732.50 33,373,135.50 1,283,797,099.14 32,750,866.00 1,283,140,449.64 32,329,377.00 1,282,585,575.64 31,933,95L50 1,282,142,010.14 30,363,106.50 1,280,555,415.14 30,077,818.50 1,280,255,997.14 30,279,435.00 1,280,446,180.84 1,281,536,622.84 31,374,742.00 31,349,852.-50 1,281,487,505.34 1,282,357,094.84 32,227,102.00 1,^81,914,73L 84 31,889,869. 00 1,283,121,939.34 33,105,296.50 33,385,209.00 1,283,401,70L 84 34,470,390.50 1,284,461,413.34 35,095,449.00 1,285,063,67L 84 34,690,309.00 1,284,650,09L 84 35,478,666.00 1,285,409,678.84 40,322,758.50 1,290,239,64L 34 41,583,908.00 1,291,482,760.84 41,640,909. 00 1,291,539,47L84 42,445,616.00 1,292,340,068.84 1,292,522,970.04 42,635,639.00 1,293,820,742.54 43,935, OIL 50 1,321,055,258.24 44,195,967.20 45,574,178.00. 1,325,459,289.04 45,590,183 50 1,325,472,174.54 45,922,015.00 1,325,799,716.04 46,632,672.50 1,324,068,853 54 45,434,57L00 1,322,150,412.04 46,005,527.00 1,320,799,508.04 49,046,767. 00 1,311,974,568.04 48,463,418.00 1,304,725,959.04 47,753,708. 00 1,302,412,189.04 47,658,804.50 1,297,178,192. 54 47,428,404 00 1,273,275,342. 04 46,445,882.00 1,268,352,790.04 46,993,774.00 1,267,550,122.04 47,239,336.50 1,266,453,649.54 45,601,979.70 1,275,030,852.74 46,162,653 60 1,303,550,82L 64 51,597,010.20 1,309,055,938.24 62,028,732.40 1,319,267,550.44 1,322,329,527.14 66.553.189 10 71,162,425 00 1,326,764,223 04 71,879,462 50 1,327,271,870. 54 1,327,690,402.54 72,459,284 50 1,312,437,996.04 57,393,588.00 1,303,776,726.04 48,808,438.00 42,642,365.00 1,297,316,223 04 39,069,430.00 1,293,657,878.04 50,259,945. 00 1,290,820,923 04 46,905,160.00 1,316,851,168.04 43,550,967.50 1,313,827,818.54 40,700,127.50 1,310,951,758.54 1,306,710,590.54 36,505,089.50 1,303,417,658.04 33,373,397.00 30,131,227.00 1,300,030,9a8.04 28 518,941 00 1,298,315,372.04 1,296,549,109.64 26,822,058.50 1,295,478,081.54 25,772,358.50 25,870,008.50 1,295,542,976.54 246 No. REPORT ON T H E EINANCES. 0 4 . — L A W F U L M O N E Y DEPOSITED IN THE T R E A S U R Y EACH MONTH OF THE FISCAL Y E A R 1909 FOR THE REDEMPTION OF NATIONAL-BANK N O T E S . R e t i r e m e n t account. F i v e per cent account. Month. Total. Insolvent and liquidating. Reducing.^ 1908—July August— September October..November. December. 1909—January... February.. March , April 'May June -. $22,498, 331. 61 23,937, 424.25 29,634, 882.17 38,228, 572.87 29,671, 377.27 24,667, 908.18 30,899, 241.33 40,213! 198.09 44,543, 372.12 40,273! 439. SO 43,939; 169.54 46,609! 904.44 $2,963, 277.50 2,694,792. 50 1,444,635.00 1,709,870.00 494, 015.00 520! 415.00 663! 837.50 689! 605.00 771! 662.50 703 047.00 783 090. 50 1,402 997.06 $2,766, 300.00 1,801, 500.00 1,125! 000.00 1,621, 005.00 15,252, 850.00 798, 760.00 2,851, 380.00 2,289, 500.00 1,164, 500.00 483, 500.00 161, 200.00 465, 000.00 $28,227 909.11 28,4.33, 716.75 32,204, 517.17 41,559, 447.87 45,418, 242.27 25,987, 083.18 34,414, 458.83 43,192. 303.09 46,479; 534.62 41,459, 986.80 44,883, 460.04 48,477, 901.44 Total.... 415,116,821.67 14,841,244.50 30,780,495.00 460,738,561.17 No. 0 5 . — D I S B U R S E M E N T S FROM REDEMPTION ACCOUNTS OP NATIONAL B A N K S EACH MONTH OF THE FISCAL Y E A R 1909. F o r notes redeemed. Transfers a n d repayments. 1908—July August... September October... November December. 1909—January.., February. March April May June $36,979,394.00 39,019,665.00 40,260,813.00 44,011, 340.00 30,264,310.00 25,700,372.50 46,397, 667.50 45,229,900.00 49,166,883.00 43,315,847.00 48,455,868.00 50,277,738.00 $225,726.61 283,079.19 121,684.24 1-17,130.18 764,555.83 221,376.31 298,134.64 232,791.65 126,760.12 97,765.21 70,007.97 80,830.79 $37,205, 120.61 39,302, 744.19 40,382, 497.24 44,128, 470.18 31,028,865.83 25,921, 748.81 46,695,802.14 45,462,691.65 49,293, 643.12 43,413, 612.21 48,525,875.97 50,358,568.79 Total... 499,079,798.00 2,039,842.74 501,719,640.74 Month. T o t a l disbursements. Balance. 919.62 ' 70,029, 892.18 61,851, 912.11 59,282, 889.80 73,672, 266.24 73,737, 600.61 61,456, 257.30 59,185, 868.74 56,371, 760.24 54,418, 134.83 50,775, 718.90 48,895, 051.55 N o . 0 0 . — N A T I O N A L B A N K N O T E S R E C E I V E D FOR REDEMPTION PROM THE PRINCIPAL CITIES AND O T H E R PLACES EACH MONTH OF THE FISCAL Y E A R 1909, IN THOUSANDS OF DOLLARS. Month. . New York. 1908-July. $21,916 August 16,090 S e p t e m b e r . 12,015 October — 13,680 N o v e m b e r . 13,037 D e c e m b e r . . 17,556 1909—January 31,091 February.. 18,997 March 21,243 April 21,678 May 23,297 June.. 25,501 Total 236,101, Boston. Phila- Baltidelphia. m o r e . St. New Other Chicago. Cincinnati. Louis. Orleans. places. Total. $2,755 2,151 1,996 2,096 2,308 2,548 3,830 2,004 2,112 2,128 3,028 2,479 $2,114 1,649 1,689 1,653 1,487 2,309 2,822 1,802 2,460 3,126 3,662 4,114 $498 583 498 649 790 756 1.044 914 921 1,185 1,238 1,225 $3,255 3,228 2,700 2,889 2,850 3,419 4,885 3,603 4,896 5,699 5,702 4,378 $749 538 494 738 1,138 985 1,215 931 1,242 2,165 1,246 901 $1,763 1,009 1,468 1,157 1,223 1,716 3,214 3,000 3,075 3,791 3.798 3,054 $406 451 313 407 923 476 898 574 973 1,080 . 660 677 $4,863 3,744 3,603 4,239 4,046 5,109 7,628 5,402 6.716 5,273 5,617 5,606 $38,319 26,443 24,776 27,508 27,802 34,874 50,627 37,227 42,638 46,125 48,248 47,935 29,435 28,887 10,301 47,504 12,342 28,268 7,838 60,846 461,522 247 tEEASUEEE. N o . 0 7 . — N A T I O N A L - B A N K N O T E S OUTSTANDING AT THE E N D OP EACH MONTH, AND MONTHLY REDEMPTIONS, PROM JANUARY, Month. 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 No. 0§.- Redemptions. $19,482,754 12,799,120 12,358,659 11,305,800 14,188,094 13,415,238 13,378,875 14,336', 572 8,792,245 11,384,984 11,087,009 13,351,267 20,863,764 14,999,349 14,610,899 15,450,660 17,243,753 16,369,881 15,334,968 13,213,682 11,242,551 12,483,910 13,600,790 18,557,201 24,364,960 13,916,434 14,446,393 17,012,685 20,576,357 21,679,690 22,953,412 18,856,085 16,830,510 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 22,291,957 27,355,322 35,687,232 24,706,431 26,964,598 24,505,427 ,327,516 27,265,778 $346, 821,871 348; 655,255 350, 101,405 350, 764,257 351, 582,590 353, 742,187 356, 152,903 357, 419.155 358, 830,548 359,911,683 359,720, Jll '360,289,726 359,444,615 358, 434,867 357, 476,407 356,987,399 356, 747,184 356,672,091 358,984,184 361; 282,691 366,993,598 380, 476,334 384,854,514 384, 929,784 383,973,546 382, 798,845 382, 519,258 391, 151,728 406, 443,205 413,670,650 417, 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, 080,573 445; 988,565 449;235,095 450; 206,888 452, 516,773 456; 079,408 457; 281,500 460; 679,075 464, 794.156 467! 422,853 469! 203,840 475!;948,945 481',244,945 Month. 1905—June July August September. October... November. December. 1906—January... February.. March April May June July August September. October... November. December1907—January... February.. March April May June July August September. October... November. December. 1908—January... February.. March April May June July August Septeraber. October... November December. 1909—January... February . March April May June July August September Outstanding. Redemptioi^s. $495,719,806 $29,074,269 503,971,395 25,624,807 512, 220,367 22,912,286 516; 352,240 ,19,073,610 524; 408,249 20,612,165 533;329,258 21,561,971 540, 914,347 24,832,551 36,710,959 543;'230,080 803,895 23,716,730 550; 27,021,045 554, 666,967 646,282 22,758,848 556; 27,590,918 559, 129,660 112,360 23,876,995 561; 21,766,334 561; 481,045 852,303 18,804,632 569; 14,538,106 573; 903,108 171,985 15,370,970 583; 15,483,851 593; 380,549 162,469 16,903,960 596; 315 730,178 596; 197,569 20,296,954 596; 343,022 18,187,816 597; 212,063 913,840 21,522,289 599; 22,278,236 601; 940,550 23,431,356 603; 788,690 25,748,794 603; 395,886 056,321 22,285,888 604; 19,329,739 603; 987,114 980,467 19,955,863 609; 7,749,861 656; 218,196 11,736,620 690, 130,895 43,425,863 695, 402,762 29,627,608 695, 674,519 38,949,474 696; 407,355 645,698 42,491,474 697, 449,517 43,212,118 333,917 45,121,039 38,319,375 692 088,991 326,108 29,442,768 685 24,776,186 675 612,327 27,507,778 665, 844,192 27,801,469 667, 178,177 34,874,210 677; 068,165 56,627,458 676, 673,092 285,600 37,227,225 678, 42,637,791 684, 407,615 408,227 46,125,141 687, 48,247,752 688, 183,115 47,935,059 689, 920,074 46,403,870 695! 354,164 845,474 36,939,830 698! 31,890,067 702 807,459 -REDEMPTIONS AND D E L I V E R I E S OP NATIONAL-BANK N O T E S EACH M O N T H OP THE F I S C A L Y E A R 1909. Month. 1908—July. August. Septem ber October November December 1909—January February March April May June Total Outstanding. 1901. Deliveries on Deposited Redemptions. redemption ac- in Treasury. counts. On hand charged to 5 per cent account. $38,175,657. 62 $38,761,95L50 $37,478.00 $1,051,720.00 40,679.00 1,201,360.00 28,549,054.18 38,870,025.00 25,489,609.00 39,596,485". 50 47,241.00 1,865,687.50 44,318,920.00 30,097.00 1,558,107.50 27,395,497.15 659,637.50 27,592,619.85 31,162,780.00 34,664.00 187,332. 50 33,305,85L05 20,172,677.50 37,971.00 56,479,199. 78 45,061,015.00 65,684.50 1,523,985.00 45,249,997.60 34,326.00 1,503,887.50 38,009,315.84 42,755,652.55 49,152,355.50 67,211.50. 1,518,415.00 43,665,027.00 51,19LO0 1,169,235.00 46,003,009.29 47,590,530.81 48,572,218.00 49,365.00 1,052,885.00 48,191, on. 18 50,053,283.00 37,041.00 1,277,340.00 459,537,008.30 500,636,735.50 532,949.00 Onhand unassorted. $60,602,388.20 50,091,098.38 35,272,653.38 18,626,713.53 15,920,359.38 23,487,866.93 33,503,714.71 26,248,804.55 19,770,362.60 22,406,333.89 21,491,631.70 19,367,863.88 248 REPORT ON T H E FINANCES.. N o . 0 9 . — R E D E E M E D NATIONAL-BANK N O T E S D E L I V E R E D FROM THE-TREASURY EACH MONTH OF THE FISCAL Y E A R 1909. . For return to b a n k s of issue. Month. F o r destruction a n d , retirement. Balance. • Total. $4,716,700. 00 $13,249,977.50 $26,795,274.00 $38,761,951. 50 $61,654,108.20 38,870,025. 00 51,292,458.38 20,969,032.50 13,081,442.50 4,819,550.00 8,735,708. 00 39,596,485.50 37,138,340. 88 3,373,700.00, 27,487,077.50 20,184,821. 03 44,318,920.00 0,903,810.00 35,314,610.00 2,100,500. 00 31,162,780. 00 16,579,990. 88 4,556,350.00 25,012,430.00 1,594,000.00 26,172, 677. 50 23,675,199.43 4,673,960. 00 17,694,017.50 3,804,700.00 10,082,400. 00 28,109,205. 00 0 6,869,410. 00 45,061,015. 00 35,027,699. 71 45,249,997.50' 27,752,692. 05 5,829,945. 00 28,375,752.50 11,044,300. 00 49,152,355. 50 21,288,777.60 6,131,200.50 31,048,255.00 11,972,900.00 43,665,027. 00 23,575,568.89 4,318,239.50 10,070,750. 00 29,276,037.50 48,572,218.00 ' 22,544,516.70 4,186,460. 50 32,580,257.50 11,805,500.00 20.645.20.3.88 50,053,283.00 32,328,900. 00 3,480,283.00 14,244,100.00 1908—July. August September October November December 1909—^January . . February March April May June 89,629,100. 00 321,445,552.50 Total No. F o r destruction a n d reissue. 89,562,083.00 500,636,735.50 7 0 . — A S S E T S AND LIABILITIES OF THE F I V E P E R CENT REDEMPTION F U N D OF NATIONAL B A N K S AT THE E N D OF EACH MONTH OF THE FISCAL Y E A R 1909. Liabilities. Month. 1908—July August September.. October November.. December.. 1909—January February... March April May June '... On deposit National- Expenses bank notes in paid. Treasury.. on hand. $1,626,563 7,261,899 3,258,220 129,528 *i,'043,'sis $61,654,108 51,292,458 37,138,341 20,184,821 16,579,997 23,675,200 35,027,700 27,752.692 21,288,777 23,575,569 22,544,517 20,645,204 $270,840 127,329 Total. To national To banks. Treasury. $61,654,108 $23,505, 51,292,458 21,221, 37,138,341 19,209, 21,811,384 20,213, 24,112,736 23,412, 27,060,749 26,832, 35,027,700 17,905, 27,752,692 18,4.85, 21,418,305 19,866, 23,575,569 21,044 22, .544,517 20,644, 21,689,019 20,376, On other accounts. $37,061,337 $1,087,440 28,833,826 1,237,178 16,024,390 1,904,404 1,597,924 700,415 228,308 15,565,854 1,556,556 7,729,957 1,536,994 1,551,634 1,327,649 1,203,182 812,424 1,087,601 1,312,908. N o . 7 1 . — N A T I O N A L - B A N K N O T E S R E C E I V E D FOR REDEMPTION FROM THE P R I N C I PAL CITIES AND OTHER PLACES, BY FISCAL Y E A R S , FROM 1895, I N THOUSANDS OP DOLLARS. Fiscal year. 1896. 1897. 1898. 1899. 1900. 1901. 1902 1903. 1904. 1905. 1906, 1907. 1008. 1909 New York. $51,936 58,051 65,312 51,804 46,610 52,707 81,263 86,749 98,550 141,660 159,432 150,087 102,279 193.292 236,101 Boston. Philadelphia Baltimore. Chicago. $10,266 14,613 16,382 16,606 13,342 12,427 19,467 18.672 19,543 22,834 24,416 22,6.56 18,087 20,075 29,435 $6,099 7,601 8,348 6,570 7,332 8,390 9,097 10,788 14,306 18,688 21,483 20,422 17,778 20,437 28,887 $952 2,068 1,610 2,113 2,385 2,633 4,747 5,635 7,009 9,338 11,768 10,789 9,222 7,941 10,301 $4,028 5,778 5,431 5,153 5,050 4,804 8,562 14,192 18,739 21,910 26,798 28,160 27,677 30.512 47,504 CincinSt. nati. Louis. New Orleans. Other places. Total. $1,705 3,112 1,584 1,465 1,718 1,218 1,644 3,198 4,449 6,417 7,724 8,321 7,285 8,026 12,342 $389 1,062 575 .564 630 710 1,528 2,271 3,176 4,034 5,372 5,346 • 6,418 5,896 7,838 $9,603 12,140 12,160 10,942 11,488 11,773 15,171 17,517 21,347 24,960 32,734 36,748 38,525 47,308 60,846 $86,709 108,261 113,574 97,112 90,838 .96,982 147,487 171,869 196,430 262,142 308,299 296.293 240,315 349,634 461,522 $1,731 3,836 2,172 1,895 2,283 2,3206,008 12,847 9,311 12,301 18,572 13,764 13,044 16,147 28,268 249 TEEASURER. No. 7 2 . — R E S U L T OF THE COUNT OF NATIONAL-BANK - R E D E M P T I O N , BY FISCAL Y E A R S ; PROM NOTES 1895. RECEIVED Fiscal year. Claimed b y owners. "Overs." "Shorts." Referred a n d Counterrejected. feit. 1895 1896 1897 1898 1899.... 1900. . .. 1901 1902 1903 1904.. 1905 . . 1906 1907.. •.. . 1908 1909 $86,940,748.54 108,260,978.05 113,226,18L47 97,459,282.47 90,838,301.01 96,982,607.88 147,486,577.93 171,512,752.90 196,786,126.51 262,141,930.23 308,298,760.03 296,292,884.95 240,314,680.86 349,634,341.42 461,522,201.92 $7,653.64 7,654.71 5,423.79 10,383.40 16,615.50 8,092.25 19,903.52 7,269.23 29,339.97 18,489.36 61,102.05 41,359.06 28,549.10 41,978.85 83,100.36 $2•062. 90 7,582.70 3,841.50 11,957.50 15, o n . 20 11,685:80 20,620.30 6,999.40 12,998.30 30,839.28 19,032.80 35,882.00 31,794.80 39,976.70 99,060.05 $575,708.'51 $1,580.50 $13,226.95 352,355.27 2,069.50 15,598.95 626,331.70 1,508.75 43.80 352,846.95 1,424.50 76.20 681,108.05 1,227.00 121.80 750,902.15 1,706.00 124. 70 340,635.30 1,432.00 143. 95 462,958.75 1,754.00 174. 62 '439,173.60 1,901.00 200. 40 385,635.85 1,307.00 250.81 1,521,902.10 1,308.00 261. 75 1,121,987.50 1,685.75 268.95 1,474,686.55 1,567.00 316. 85 1,085,529.22 1,130.50 403.15 1,967,445.65 1,300.75 487.53 Express charges. FOR" N e t proceeds. 0 No. 73. $86,355,723.22 107,891,026.34 112,599,879.51 97,103,360.72 90,156,548.46 96,226,281.48 147,143,649.90 171,048,135.36 196,361,193.28 261,742,386.65 306,817,357.43 295,174,419.81 238,834,864.76 348,549,280.70 459,537,008.30 -DISPOSITION M A D E OF THE N O T E S R E D E E M E D AT THE NATIONAL-BANK REDEMPTION AGENCY, BY FISCAL Y E A R S , PROM 1895. Delivered to t h e Comptroller of t h e Currency. Fiscal year. Deposited in Treasury. R e t u r n e d to b a n k s of issue. For destruction For destruction and retirement. a n d reissue. $35,055,620 46,946,19037,659,960 27,124,260 23,472,650 25,620,660 57,668,715 . 57,303,520 62,563,430 92,025,555 106,286,870 88,9.30,700 43,140,205 62,194,650 89,629,100 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 No. $13,068,369.00. 11,223,150.00 11,092,355.50 15,990,460.00 16,649,275.50 17,909,793.00 . 18,626,437.50 20,085,274.50 26,272,086.00 30,9,36,971.00 25,857,368.00 24,724,135.00 25,454,254.50 39,535,156.50 89,562,083.00 $65,341.00 91,894.00 69,019.00 71,155.00 84,926.00 111,699.00 122,883.13 148,477.00 174,806.50 291,351.00 308,547.50 267,451.50 295,300.00 469,965.00 532,949.00 $4,203,973.31 9,967,390.66 4,731,248.16 3,790,578.38 3,209,447.84 6,787,132.32 0,080,514.09 9,944,632.95 12,691,238.23 14,735,342.88 14,682,532.31 11,372,838.12 12,377,478.38 62,277,880.08 20,645,203.88 7 4 . — M O D E OF PAYMENT FOR N O T E S R E D E E M E D AT THE NATIONAL-BANK REDEMPTION AGENCY, BY FISCAL Y E A R S , PROM 1895. Fiscal year. 1895 1896. 1897 1898. 1899 1900 1901 1902 1903. 1904 1905 1906 1907 1908. 1909 $40,094,540.00 43,866,375.00 69,014,687.50 54,858,155.50 50,530,827.50 49,006,445.00 71,432,232.50 89,646,745.00 104,604,265.50 136,444,405.00 174,417,382.50 184,561,827.50 168,940,465.00 196,449,107.50 321,445,552.50 Balance on hand. Transfer checks. $40,374,030.32 48,774,713.30 55;567,032.9O . . . 42,186,863.86 24,730,838.15 28,433,009.35 65,935,811.50 61,870,406.50 63,.546,511.10 95,594,893.78 107,599,546.95 122,852,8.33.45 126,576.021.21 . . 172,719,195.75 219,617,316.49 -. . U n i t e d States currency. Gold, silver, Credit in gena n d m i n o r eral account. coin. $31,625,706.66 $61,236.65 $13,604,654.93 29,331,636.61 82,669.45 28.893,499.85. 36,525,208.00 57,208.70 19; 084,125.58 39,921,232.75 83,747.40 13,733,920.92 49,339,819.20 84,399.50 14,984,970.20 55,877,983.30 78,301.35 11,380,978.28 58,986,976.54 . 41,954.90 21,508,997.10 74,811,828.26 46,770.80 33,603,045.00 95,919,863.47 . 47,084.45 36,178,517.50 123,598,051..41 31,829.60 41,360,571.40 146,513,677.16 81,430.80 50,629,868.00 123.371,141.71 109,491.20 46,965,078.53 62;747,460.05 151,594.40 47,676,609.25 123,985,045.30 190,323.65 48,732,300.17 165,668,342.33 187,978.58 65,451,853.20 Credit in redemption account. Total. $690,094.66 $86,355,723.22 107,891,026.34 808,507.13 1,366,304.33 112,599,879.51 1,177,595.79 97,103,360.72 1,016,521.41 90,166,548.46 456,009.20 ^96,226,281.48 669,909.86 147,143,649.90 716,084.80 171,048,136.36 669,216.76 196,361,193.28 1,157,040.46 261,742,386.65 306,817,357. 43 1,992,834.52 1,875,874.92 295,174,419.81 1,683,179.85 , 238,834.864.76 2,922,415.83 348,549,280.70 8,611,517.70 459,537,008.30 250 EEPORT ON T H E FINANCES. N o . 7 5 . — D E P O S I T S , REDEMPTIONS, ASSESSMENTS FOR E X P E N S E S , AND TRANSFERS AND REPAYMENTS ON ACCOUNT OP THE F I V E P E R CENT REDEMPTION F U N D OP NATIONAL B A N K S , BY FISCAL Y E A R S , PROM 1895. Fiscal year. Deposits. Redemptions. Assessments. Transfers a n d repayments. Balance. 0 1895 1896 1897.. 1898 1899.. 1900 1901.. 1902 1903 1904 1905 1906 . . 1907 1908 1909 No. $76,630,065.50 91,565,065.77 107,249,316.44 83,511,779.36 75,885,139.10 78,354,882.88 131,535,726.84 148,687,860.75 169,458,3.51.28 230.952,146.79 282,914,986.56 279,186,849.35 214,858,638.72 260,678,988.70 415,116.821.67 - : $74,907,472.50 90,967,815.00 106,608,977.50 81,817,265.50 73,982,227:50 74,872,477.50 128,928,835.00 147,010,875.00 167,643,585.50 228,324,620.00 280,998,292. .50 272,996,587.50 212,082,400.00 261,197,305.00 409,517,715.00 $107,222.51 100,159.28 114,814.32 125,971.49 130,417.31 121,420.28 122,544.28 153,334.03 156,409.72 176,464.24 223,672.88 249,350.38 248,742.26 234,300.66 271,934.30 - $510,917.34 273,425.83 671,838.92 924,597.79 1,041,481.13 1,021,916.07 723,459. 79• 1,622,486.52 1,176,007.51 1,351,771.62 977,191.78 1,570,711.55 1,480,983.67 2,347,492.91 2,367,908.44 $7,349,343.80 7,573,009.46 7,426,695.16 8,070,639.74 8,801,652.90 11,140,721.93 12,901,609.70 12,802,774.90 13,285,123.45 14,384,414.38 15 100,243.78 19.470,443.70 20;516,956.49 17,416,846.62 20,376,110.55 7 0 . — D E P O S I T S , REDEMPTIONS, AND T R A N S F E R S AND REPAYMENTS ON ACCOUNT OP THE R E T I R E M E N T R E D E M P T I O N ACCOUNT, BY FISCAL Y E A R S , FROM 1895. Deposits. Fiscal year. Redemptions. Insolvent and Uquidating. 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 $2,870,75L00 2,466,435.50 3,685,082. 00 3,960,390.50 5,578,175.00 3,776,186.00 2,795,986. 00 8,314,110.50 10,029,185.50 8,027,613.00 15,862,474.00 19,207,465.10 11,029,187.00 30,743,532.00 14,841,244.60 No. 77. Transfers a n d repayments. Balance. T'otal. $9,346,995.50 3,659,307.00 12,324,430. 00 18,800,530.00 18,121,441.00 14,626,460.00 10,861,289.00 25,232,209.50 17,181,070.00 18,879,475.00 8,301,695.00 17,467,742.50 22,224,662.50 37,112,837.50 30,780,495.00 $12,217,746.50 $13,068,369.00 6,125,742.50 • 11,223,150.00 16,009,512.00 11,092,355.50 22,760,920.50 15,990,460.00 23,699,616.00 16,649,275.50 18,402,646.00 17,909,7^3.00 13,657,275.00 18,626,437.50 33,546,320.00 . 20,085,274.50 27,210,255.50 26,272,086.00 26,907,088.00 30,936,971.00 24,164,169.00 25,857,368.00 36,675,207.60 24,724,135.00 33,253,849.50 25,454,254.50 67,856,369.50 39,535,156.50 45,621,739.50 89,562,083.00 $161,574.00 $25,359,489.00 160,059.00 20,102,022:50 560,542.00 24,458,637.00 735,950.50 30,493,147.00 1,726,106.00 35,817,381.50 1,162,356.00 35,147,878.50 774,406.50 29,404,309.50 .793,385.50 42,071,969.50 2,956,830.50 40,053,308.50 496,883.00 35,526,542.50 1,606,241.50 32,227,102.00 1,542,535.60 42,635,639.00 2,776,429.50 47,658,804.60 3,520,733.00 72,4.59,284.50 28,618,941.00 - E X P E N S E S INCURRED IN THE REDEMPTION OP NATIONAL-BANK N O T E S , BY FISCAL Y E A R S , PROM 1895. Charges for transportation. Fiscal year. 1896 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 Reducing. ". . .. : •. :. $21,035.82 32,518.93 44,518.60 34,337.93 30,725.56 31,767.33 55,549.75 69,957.96 67,998.88 95,580.12 111,561.20 104,477.20 73,101.56 104,685.62 147,020.70 Salaries. $76,411.97 77,766.64 "77,977.62 87,183.64 87,161.01 86,986.30 87,056.10 87,425.25 99,802.67 114,540.80 126,237.63 136,056.02 151,477.77 156,421.19 230,044.80 Stationery, printing, and 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 7,500.28 6,790.10 5;909.36 8,506.90 10,748.36 Contingent expenses. $731.59 974.19 49.69 1,015.67 1,438.49 669.19 771.08 1,791.61 1,982.19 2,917.01 2,668.15 3,600.92 3,161.83 1,226.50 8,929.29 Total. $100,352.79 •114,085.63 125,061.73 125,924.36. 121,291.40 122,984.76 146,236.18 153,796.33 174,477.62 219,093.13 247,973.26 250,924.24 233,650.52 270,840.21 396,743.15 R a t e of expense per $1,000. $1.15 1.125 1.0701 1.29646 1.34611 1.33558 .9956 .92444 .90262 .84716 . 80993 .84528 .98615 .90366 . 79762 251 TBEASURER. No. 7 § . — G E N E R A L CASH ACCOUNT OP THE NATIONAL-BANK REDEMPTION AGENCY FOR THE FISCAL Y E A R 1909, 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 $62,277,880.08 461,522,20L92 $5,376,695,992.71 83,100. 36 680,734.12 523,883,182.36 5,377,376,726.83 89,629,100.00 411,007,635.50 532,949. 00 1,960,880.30 487. 53 1,300.75 6,565. 35 99,060.05 20,645,203.88 1,731,091,376.00 3,462,414,964.60 137,046,696.18 25,230,973.03 86.978.87 92; 697. 60 160,494.17 607.342.50 . 20,645,203.88 523,883,182.36 5,377,376,726.83 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 deductedCounterfeit notes returned Uncurrent notes returned or discounted ' ' Shorts " Cash balance June 30,1909 Total N o . 79.- - A V E R A G E AMOUNTS OP NATIONAL-BANK N O T E S R E D E E M A B L E AND AMOUNTS R E D E E M E D , BY FISCAL Y E A R S , PROM 1895. O u t of deposits for retirement. O u t of 5 p e r c e n t fund. Fiscal year. Average redeemable. 1895.... 1896 1897 1898 1899 1900 1901 1902. 1903 1904. 1905 1906 1907 1908 1909 $27,720,318 22,604,148 21,513,208 29,679,023 32,023,249 36,424, 466 31,258,712 35,966,721 -. . • 43,179,711' 38,920,347 32,798,435 38,019,161 47,075,981 57,388,822 44,837,970 Redeemed. Average redeemable. Redeemed, fit for use. $13,068,369 11,223,150 11,092,355 15,990,460 16,649,275 17,909,793 18,626,437 20,085,275 26,272,086 30,936,971 25,857,368 24,724,135 25,454,255 39,535,156 89,562,083 $180,140,091 194,529,242 211,375,241 198,491,851 207,264,424 223,869,280 308,625,545 322,207,220 339,993,484 389,966,135 435,487,040 500,046,264 542,369,618 605,084,732 635,828,337 $35,055,620 46,946,190 37,659,960 27,124,260 23,472,650 25,620,660 57,668,715 57,303,520 62,563,430 92,025,555 106,286,870 88,930,700 43,140,205 62,194,650 89,629,100 Redeemed, unfit for use. $40,094,540 43,866,375 69,014,688 54,858,156 50,530,828 49,006,445 71,432,232 89,646,745 104,604,266 136,444,405 • 174,417,383 184,561,828 168,940,465 196,449,108 321,445,552 Total redeemed. $76,150,160 90,812,565 106,674,648 81,982,416 74,003,478 74,627,105 129,100,947 146,950,266 167,167,696 228,469,960 280,704,253 273,492,528 212,080,670 258,643,758 411,074,652 252 No. REPORT ON T H E FINANCES. § 0 . — P E R C E N T A G E OF OUTSTANDING NATIONAL-BANK N O T E S REDEJEMED AND ASSORTED EACH FISCAL Y E A R PROM 1900, BY GEOGRAPHICAL D I V I S I O N S . Division. Maine NewHampshire. Vermont Massachusetts... Boston R h o d e Island Connecticut New England. 1900. 1902. 1903. 1904. 1905; 1906. 1907. 1908. 64.88 67.93 70.36 69.65 87.66 67.54 80.56 66.49 69.61 70.73 73.78 86.82 80.27 87.76 55.31 59.40 60.16 65.33 78.32 68.43 7310 41.54 42.19 44.91 45.52 51.62 5 3 59 50.51 43.59 43. 83 47.17 47.21 50.96 54.44 54.98 73.25 77.39 67.10 47.36 49.31 69.24 74.54 70.13 101.62 114.02 83.60 89.17 104. 52 89.33 62.13 68.69 60.72 81.97 78.18 7 3 47 61.10 66.87 65.01 64.15 82.23 79.66 134. 30 143.86 111. 89 74.24 86.77 75.88 46.04 47.23 57. 70 47.00 52.67 54.05 6311 75.57 60.83 54.31 54.07 60. 07 48.44 51.55 5L87 57.25 6 3 75 63.03 38.53 39.77 40.05 45.47 55.23 58.00 5 3 87 60.94 51.55 5 3 43 5 3 32 6L78 55.33 59.69 59.03 64.85 4 3 84 4 3 54 54.51 56.96 55.95 6L95 56.27 6 3 67 43 55 58.37 59.03 45.76 59.50 64.84 7 3 07 51.11 39.59 68.68 42.62 70.48 46.39 7 3 51 54.78 41.04 49.37 42.75 61.44 46.78 70.77 55.86 8316 New York New York C i t y . . N e w Jersey Pennsylvania Philadelphia Delaware Maryland Baltimore District of C o l u m b i a . 50.12 57.31 Eastern. 43 99 5 3 73 58.43 66.88 80.46 18.70 74.56 49.75 5 3 20 36.88 25.99 42.65 54.87 3 3 67 39.40 27.83 26.54 20.34 46. 37 32.03 6 3 23 64.53 47.58 41.68 4 3 57 31.25 36.81 46.29 36.67 51.22 52.18 41.08 47.29 42.01 34.47 41.00 48.80 39.42 49.84 50.33 44.8842.66 4310 47.23 56.22 27.57 25.67 2 3 04 2 3 40 31.95 28.19 25.15 3L89 36.01 38.57 31.60 34.10 36.81 34.86 36.68 35.06 6.75 5 3 26 51.59 54.64 62.29 58.56 49.63 47.66 48.92 39.25 74.87 41.82 32.20 42.24 38.63 67.25 69.85 60.39 69.24 77.37 60.88 55.80 54.16 51.10 41.99 64.28 48.24 40.27 48.19 45.02 55.90 58.02 52.02 55.73 6L30 52.55 46.86 44.08 50.71 40.43 71.09 39.75 33 60 42.32 41.85 65.90 44.58 38.44 43 56 45.19 41.02 40.70 35.23 37.01 44.28 66.04 30.80 28.62 3 3 52 35.99 37.05 56.25 49.70 58.73 58.33 54.65 45.75 54.66 4 3 66 46.63 48.79 45.68 40.82 40.44 43 68 57.15 Virginia W e s t Virginia N o r t h Carolina.. South Carolina Georgia Florida Alabama Mississippi Louisiana N e w Orleans. Texas Arkansas Kentucky Tennessee P o r t o Rico 6 3 80 Southern. 28.60 36.34 38.17 41.25 47.55 54.64 46.83 37.63 48.36 Ohio Cincinnati. Indiana Illinois Chicago Michigan Wisconsin .. Minnesota....'. Iowa...i... Missoiiri St. L o u i s . . 22.70 27.62 3L61 35.77 21. 31 22.12 24.41 26.93 26.29 32.84 28.74 35.45 2 3 98 21.18 24.12 21.10 20.15 27.71 24.98 25.25 24.40 24.93 27.65 27.04 26.45 27.90 41.18 31.37 31.39 29.75 32.51 38.26 4L75 52.43 35.88 35.50 56.69 34.42 30.70 34.43 35.62 28.83 5L5S 46.15 5 3 43 40.61 40.27 55.31 39.35 34.64 39.70 40.30 41. 34 53. 44 40.76 40.23 34.85 35.93 38.68 34.38 27.80 32.723318 32.32 42.36 34.27 30.96 29.24 30.02 3L82 28.70 24.52 26. 44 27.52 27. 65 37.84 38.12 36.37 3 3 59 3 3 98 26.93 31. 68 29.99 32.81 3L51 37.56 30.41 Middle. North Dakota South D a k o t a Nebraska Kansas •-.. Montana • Wyoming Colorado N e w Mexico Oklahoma I n d i a n Territory Western... 22.05 26.25 32.00 34.45 39.59 4 3 96 36.75 30.75 33.90 24.59 25.42 2 3 26 22.17 25.56 22.95 2 3 56 25.12 20.38 21.41 2 3 37 28.30 .24.64 22.42 30.54 25.07 22.19 29.80 17.46 28.70 25.34 28.53 31.75 29.63 27.80 29.41 32.32 32.41 30.38 3 3 41 29.89 31.40 34.51 32.00 3 3 70 34.53 39.72 37.97 32.24 37.13 34.83 35.91 35.30 34. 54 37.80 38.33 40.43 44.84 34.90 39.48 40.70 36.30 37.32 41.42 40.09 4L74 35.87 49.23 50.22 49.54 32.97 32.82 30.90 34.42 35.03 35.20 32.17 42.44 37.88 36.20 24.99 27.08 26.04 27.78 29.06 27.55 30.93 3L71 30.18 30.72 34.42 32.85 30.07 3 3 02 34.33 37.47 33.65 39.86 41. 29 23 33 24.04 30.62 34.52 36.79 40.78 33.81 28.41 34.45 27.87 29.56 45.30 30.68 33.45 32.24 3 3 92 35.24 37.35 38.28 45.82 4 3 00 30.43 21.70 32.91 28.17 25.60 28.02 2L66 3 3 73 32.21 16.00 12.58 29.21 29.67 37.48 37.35 12.00 54.56 34.06 3 3 26 4L54 42.96 10.00 45.22 44.06 51.22 48.72 46.33 38.45 43 98 28.47 49.65 18.40 139.99 47.03 57.48 52.13 45.20 42.27 40.64 46.03 48.40 26.80 96.57 35.62 46.53 48.25 38.49 3 3 56 35.15 45.14 43. 35 14.29 88.31 3L74 33.39 35.56 33.89 28.63 3L03 44.71 36.38 26.32 60.55 33.66 44.92 44.99 37.82 34.90 38.71 58.21 50.19 32.32 59.55 Pacific 34.90 30.64 United States. 35.85 Washington Oregon California San Francisco.. Idaho Utah ". Nevada Arizona Alaska Hawaii 36.64 4L50 47.57 49.10 42.35 34.40 4L34 46.82 5L68 (^.52 65.84 55.21 40.27 44.87 253 TREASURER. No. § 1 . — - A V E R A G E AMOUNT OP NATIONAL-BANK N O T E S OUTSTANDING AND THE R E D E M P T I O N S , BY FISCAL Y E A R S , FROM 1875. Redemptions. . Year. Year. Amount. 1875 1876. 1877 1878... 1879 1880. 1881 1882 1883 1884... 1885 1886... 1887 1888... 1889 1890. 1891 1892 No. Redemptions. Average outstanding. $155,520,880 209,038,855 242,885,375 213,151,458 157,656,64561,585,676 59,650,259 76,089,327 102,699,677 126,152,572 150,209,129 130,296,607 87,689,687 99,152,364 88,932,059 70,256,947 67,460,619 69,625,046 $354,238,291 344,483,798 321,828,139 320,625,047 324,244,285 339,530,923 346,314,471 359,736,050 359,868,524 347,746,363 327,022,283 314,815,970 293,742,052 265,622,692 230,648,247 196,248,499 175,911,373 172,113,311 Average outstanding. Per cent. 43.90 60.68 75.47 66.48 48. 62 18.13 17.22 21.15 28.53 36.27 45.93 41. 38 29.85 37.32 38. 55 35. 80 38.34 40.45 Amount. 1893 $174,755,355 1894 205,322,804 1896207,860,409 1 8 9 6 . . . . : . - - 217,133,390 232,888,449 1897 228,170,874 1898 239,287,673 1899 260,293,746 1900 339,884,257 1901 358,173,941 1902 383,173,195 1903 428,886,482 1904 468,285,475 1905 538,065,425 1906 589,445,599 1907 662,473,554 1908 680,666,307 1909 Per cent. $75,845,225 105,330,844 86,709,133 108,260,978 113,573,776 97,111,687 90,838,301 96,982,608 147,486,578 171,869,258 196,429,621 262,141,930 308,298,760 296,292,885 240,314,681 349,634,341 461,522,202 43 40 61 30 41 71 49 86 48.76 42 56 37.96 37 25 43.39 47.98 51.26 61 12 65.84 55 07 40.77 52 78 67.80 8 2 . — C H A N G E S DURING THE FISCAL Y E A R 1909 IN THE F O R C E EMPLOYED IN THE T R E A S U R E R ' S O F F I C E . Total force June 30, 1908: Regular roll Detailed to 538 75 ". 613 Discontinued Died Resigned Transferred from Detailed from Details discontinued 8 4 19 14 2 75 , j^22 Appointed Reappointed Transferred to Detailed to \ , 18 12 45 146 221 99 Total force June 30, 1909 No. 712 83.—^APPROPRIATIONS MADE F O R T H E FORCE EMPLOYED IN THE T R E A S U R E R ' S . O F F I C E A N D S A L A R I E S P A I D D U R I N G T H E F I S C A L Y E A R 1909. Roll on which paid. Regular roll Increase of Treasurer's salary Deficiency appropriation . . : :.. Total Reimbursable roll (force" employed in redemption ofnational currency) ' Deficiency appropriation Total Aggregate: Regular roll Reimbursable roll Total :. '. Appropriated. Expended. $450,000.00 650.00 21,928.72 $442,736.44 650.00 21,307.41 $7,263.66 472,578.72 464,693 85 7,884.87 133,840.00 68,442.34 132,272.25 67,064.64 1,567.75 1,377.70 202,282.34 199,336.89 2,946.45 472,578.72 202,282.34 464,693.85 199,336.89 7,884.87 2,946.45 674,86L06 664,030.74 10,830.32 Balance unexpended. '62L3i REPORT OF THE DIRECTOR OF THE MINT. TREASURY DEPARTMENT, B U R E A U OF THE M I N T , Decemher I4,1909. SIR: I n compliance with' the provisions of section 343, Kevised Statutes of the United States, the following report covering the operations of the mints and assay offices of the United States during the fiscal year ended June 30,1909, being the thirty-seventh annual report of the Director of the Mint, is respectfully submitted: DEPOSITS OF GOLD BULLION. The value of the gold contained in original deposits at the mints and assay offices during the fiscal year 1909 was $142,124,941.59, and the value of uncurrent domestic gold coin deposited was $3,432,288.62, making a total of $145,557,230.21. The redeposits during the year, consisting of bullion transferred from one office to another and bars bearing the stamp of one of the mints or assay offices, which had been paid out, amounted to $46,757,462. The total value of gold bullion and uncurrent domestic and foreign coin received, including redeposits, amounted to $192,314,693. Domestic bullion deposited contained 6,435,350 standard ounces, of which 2,691,889 standard ounces were crude bullion requiring parting and refining. There were contained in refinery bars (less than 0.992 in fineness) 641,690 standard ounces, and 3,101,771 standard ounces of refined bullion (0.992 and over in fineness). The latter was received from private refineries, chlorination and cyanide works. UNCURRENT DOMESTIC GOLD COIN POR RECOINAGE. Uncurrent and mutilated United States gold coin containing 184,486 standard ounces was received for recoinage, the coining value of which in new coin was $3,432,288.62. @f this amount 69,735 standard ounces were purchased over the counter at the different mints and assay offices, and 114,751 standard ounces were contained in coin transferred by the Treasury for recoinage. The difference between the face value of the mutilated and uncurrent gold ^coin received during the year and the value of the same in new coin was $26,049.38, which sum represents the loss on recoinage. DEPOSITS OF J E W E L E R S ' BARS. Jewelers' bars and old plate containing 284,814 standard ounces of the value of $5,298,857 were received. , 256 256 REPORT ON THE FINANCES. R E D E P O S I T S OP GOLD B U L L I O N . The redeposits contained 2,513,214 standard ounces pf gold of the value of $46,757,462, fine bars representing 2,399 standard ounces ($44,634), and unparted bars representing 2,510,815 standard ounces ($46,712,828), as follows: U n p a r t e d b a r s deposited at— B a r s m a n u f a c t u r e d at— N e w Orleans NewYork Carson Boise Helena Charlotte St. Louis Deadwood Seattle Salt L a k e City Philadelphia. San F r a n cisco. Denver. New York. Helena. Seattle. Stand, ozs. 821 1,098,899 Stand, ozs. s t a n d , ozs. Stand, ozs. Stand, ozs. Stand, ozs. 140,702 56,384 99,346 5,899 26,516 66,653 Total... 119 3 1,.354,518 19,993 972,123 23,349 160,695 995,472 8 3 119 8 F i n e b a r s deposited at— B a r s m a n u f a c t u r e d at— Philadelphia Carson S t . Louis Philadelphia. New York. San F r a n cisco. Stand, ozs. Stand, ozs. 1 Stand, ozs. . •... : 23 2,369- Total 2,369 7 23 D E P O S I T S OP F O R E I G N GOLD BULLION A N D COIN. Foreign gold bulhon containing 861,157 standard ounces, of the value of $16,021,521, and foreign gold coin containing 55,598 standard ounces, of the value of $1,034,378, were deposited, and consisted of bullion and coin produced in the following-named countries; Crude b u h i o n . Refined b u h i o n . Coin. Source. Standard ounces. Value. Standard ounces. Value. Standard ounces. Value. <5' British Columbia Northwest Territory O n t a r i o a n d Quebec Nova Scotia.. Mexico Westlndies Central America South America.. Australia Unknown Austria GreatBritain... Russia Spain 51,152 96,476 1,127 12,511 56,869 1,550 84,992 •126,658 11 39 $951,665 1,794,902 20,967 232,762 1,058,028 28,837 i;581,246 2,356,427 204 . 7 2 4 ° 431,385- 8,025,762- Total... 19,255. $358,233 309 410,194 5,749 7,631,517 261 14 429,772 7,995,760 731 $13,600 3,827 87 39,780 6,478 44 26 116 4,509 71,199 1,618 740,093 120,520 818 484 2,158 83,888 .55,598 1,034,378 257 DIRECTOR OE THE M I N T . DEPOSITS AND PURCHASES OF SILVER. The deposits of silver received at the mints and assay offices during the fiscal year ended June 30, 1909, for return to depositors in fine or unparted oars,, with the weight and fineness stamped thereon, aggregated 3,597,155.34 standard ounces. The United States assay office at New York received the greater part of these deposits. The government of the Philippine Islands deposited at the United States mint, San Francisco, silver coin issued under the act of March 3, 1903, containing 8,127,302.80 standard ounces, for recoinage into coins of reduced weight and fineness, as authorized by the act of June 23, 1906. The Government of San Salvador deposited for coinage at the mint, San Francisco, 557,148.53 standard ounces of silver. The purchases and deposits of silver bullion at the mints and assay offices of the United States during the fiscal year 1909 were as follows: Standard ounces. Silver p u r c h a s e d Silver p a r t e d from gold deposits a n d p u r c h a s e d U n c u r r e n t domestic coin for recoinage For r e t u r n in fine bars F o r P h i l i p p i n e coinage F o r S a n Salvador coinage 4,141,124.62 2,739,529.43 729,971.04 3,597,155.34 8,127,302.80 557,148.53 Total 19,892,231.76 U N C U R R E N T DOMESTIC SILVER COINS FOR Uncurrent and mutilated domestic silver age contained 733,261 standard ounces of new subsidiary coin. The net loss on this Jewelers' bars and old plate containing were deposited. R E D E P O S I T S OP SILVER RECOINAGE. coins received for recointhe value of $912,300 in recoinage was $65,018. 556,693 standard ounces BULLION. The redeposits contained 3,261,789 standard ounces of silver— fine bars representing 253,349 standard ounces, unparted bars representing 2,152,546 standard ounces, and mint bars representing 855,894 standard ounces as follows: Unparted bars deposited at— Bars manufactured at— New Orleans NewYork Carson Boise Helena Charlotte St. Louis.. . . . . Deadwood Seattle Salt Lake City : Total. 13518—FI 1909- Philadelphia. San Francisco. Denver. New York. lielena. Seattle. Stand, oz. -•56 1,76.3,302 Stand, oz. Stand, oz. Stand, oz. Stand, oz. Stand, oz, . 30,335 46,687 836 765 98,608 1,940,589 -17 45,185 11 3,015 144,824 18,823 48,200 163,647 98 98 ? 11 ? 258 EEPORT ON T H E FINANCES. Fine bars deposited a t Bars manufactured a t - Philadelphia New Orleans New York Philadelphia. Mint bars deposited at PhilaNew York. delphia. Staiid. oz. Stand, oz. 29,174 172,037 52,138 70 855,824 81,312 855,894 • ' Total 172,037 Stand, oz. 1 DEPOSITS OF FOREIGN SILVER BULLION AND SILVER COIN. Foreign silver bulhon containing 2,585,411 standard ounces of the coining value of $3,008,478, and foreign silver coin containing 24,352 standard ounces of, the value of $28,337 were received from various countries as follows: Refined. Source. British Columbia Northwest Territory : Ontario and Quebec Nova Scotia Mexico West Indies Central America South America Spain Unknown Total Standard ounces. Unrefined. Standard ounces. Value. 413,750 $481,455 394,651 459,230 SOS,401 940,685 Coin. Standard, ounces. Value. 10,240 . $11,916 23,119 26,902 298,629 347,496 1,127 1,312 1,346,324 1,566,630 191 222 53,706 62,494 43,655 50,799 Value. 33 $38 22,853 7 532 4,907 28,337 19 22 19.639 6 457 4,217 1,777,010 2,067,793 24,352 RECAPITULATION OF DEPOSITS AND PURCHASES OP GOLD AND SILVER BULLION AND COIN AT THE MINTS AND ASSAY OFFICES OF THE U N I T E D STATES D U R I N G THE FISCAL Y E A R 1909." Gold. Locality. Alabama Alaska Arizona California Colorado Georgia Idaho Michigan Missouri Montana Nevada New Mexico North Carolina Oklahoma Oregon South Carolina South Dakota Tennessee Utah Virginia Washington Wyoming Other States Philippine Islands. Porto Rico... Standard ounces. 130. 953 970,534. 382 57,261. 709 317,355. 342 438, 157. 246 821 h 456. 905.487 43, .992 103,419.429 296, 371. 340 6,868. 972 2,665.077 1.184 24,135.155 1,259.417 381,633. 474 3.357 393.OCO 55. 767 071. 261 77.137 418.152 51. 542 61.882 Coinage value. $2,436.34 18,056,452. 62 1,065,334.13 5,904,285.42 8,151,762. 70 27,103. 64 816,842.71 18. 45 1,924,082.04 5,513,885. 29 127,794.81 49,582.83 22.03 * 449,026.14 23,431.01 7,100,158. 33 62.46 825,916.21 - 1,037.52 31,093.23 1,435.10 7, 779. 57 958. 93 1,151. 29 Standard ounces. 1,329.56 131,418.43 20,416.91 71,603.86315,918.11 245.94 25,567. 81 15,263. 61 140.69 55,826.94 108,727.14 175,320.17 442. 02 .11 5,972. 72 178. 80 195,534.32 32 9,746". 70 8.31 566. 51 7.39 142. 73 14.46 6.14 Coinage value. $1,547.12 152,923. 25 23,757.85 83,320.86 367,613.79 286.19 29,751. 62 17,761. 29 163. 71 64,962. 26 126,518.86 204,008.92 514. 35 .13 6,950.08 208.05 227,530.84 .38 11,341.62 . . .9.66 659. 21 8.60 166. 09 16.83 7.16 259 DIIiEGTOB OF T H B M I N T . RECAPITULATION OF D E P O S I T S AND P U R C H A S E S OF GOLD AND SILVER BULLIO^N AND COIN AT THE M I N T S AND ASSAY OFFICES OF THE U N I T E D STATES D U R I N G THE FISCAL Y E A R 1909—Continued. Silver. Gold. Locality. Standard ounces. D o m e s t i c bullion: Unrp.fmed . Refinery b a r s Refined . T o t a l domestic D o m e s t i c coin: Uncurrent U n c u r r e n t , transferred T r a d e dollars • P h i l i p p i n e assay coins P h i l i p p i n e coins for recoinage Philippine purchases . Foreign bullion: Crude . . . . . Refined F o r e i g n coin ' Jewelers' b a r s , old p l a t e , e t c S u r p l u s bullion recovered D e p o s i t melting-room grains Sweeps from— H e l e n a oflB.ce Charlotte oflBce Assayers' r e m n a n t s T o t a l deposits Redeposits: Fine bars Unparted bars Mint bars T o t a l redeposits Total Coinage value. Standard ounces. Coinage value. 2,691,889.078 641,689.520 3,101,771.497 $50,081,652.80 11,938,409.65 57,707,376.68 1,134,399.70 89,691.00 4,748,537.29 $1,320,028.71 104,367.70 5,525,570.64 6,435,350.095 119,727,439.13 5,972,627.99 6,949,967.05 69,734.953 114,750.560 1,297,394.49 2,134,894.13 3,190. 37 729,97L04 100.05 6,376.77 8,127,302..8O .80 3,712.42 849,420.85 116.42 7,420.24 9,457,225. 07 .93 431,384.686 429,772.069 55,597. 797 284,813.571 1,460.625 758.329 8,025,761.60 7,995,759.42 1,034,377.62 5,298,856.76 27,174.43 14,108.47 1,777,010.18 808,401.49 24,352.12 . 556,692.58 20,854.88 984. 95 2,067,793. 66 940,685. 39 28,337.00 647,787. 72 24,267.49 1,146.10 26. 670 2. 969 49. 060 496.18 55.24 912. 74 23.26 L14 15.27 27. 06 1.33 17.77 7,823,701.384 145,557,230. 21 18,027,905.69 20,977,926. 60 2,402.551 2,510,811.044 44,633. 78 46,712,828.55 253,349.12 2,152,546.09 855,894.08 294,806. 25 2,504,780.89 995,949.47 2,513,213.595 46,757,462.33 3,261,789.29 3,795,536.61 10,336,914. 979 192,314,692. 54 21,289,694. 98 24,773,463.11 D E P O S I T S OF GOLD AT U N I T E D STATES M I N T S AND ASSAY OFFICES SINCE 1873. * 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 1896 Domestic bullion. Character of gold deposited. Domestic coin. $28,868,569.78 $27,116,948.27 6,275,367.29 29,736,387.82 1,714,311.50 34,266,124.52 417,947.15 37,590,529.39 447,339.68 43,478,103.93 301,021.79 48,075,123.76 198,083.17 38,549,705.89 209,328.82 35,821,705.40 440,776.97 35,815,036.55 599,356.80 31,298,511.97 374,129.23 32,481,642.38 263,117.17 29,079,596.33 325,210.97 31,584,436.64 393,545.28 32,456,493.64 516,984.63 32,973,027.41 492,512.60 32,406,306.59 585,066.87 31,440,778.93 655,474.96 30,474,900.25 583,847.16 31,555,116.85 557,967.86 31,961,546.11 792,470.43 33,286,167.94 2,093,615.46 88,696,951.40 1,188,258.21 44,371,949.83 Foreign buhion. Foreign coin. Surplus b u l lion, grains, jewelers' bars, 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 $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 $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 3,633,603.68 3,830,176.02 3,118,421.45 3,21^,809.43 -Total. $57,704,386.88 49,142,5n. 06 38,656,293.90 41,943,285.42 48,787,778.71 62,669,217.89 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 46,449,841.60 71,909,513.31 65,161,067.28 260 REPORT ON" T H E FINANCESo D E P O S I T S OF GOLD AT U N I T E D STATES M I N T S AND ASSAY OFFICES SINCE 1873—Con. Character of gold deposited. Fiscal year ended J u n e 30— Domestic bulhon. Domestic coin. Foreign bullion. 1896....:.. 1897 1898 1899 1900 1901 1902 1903 1904.. 1906 1906 1907 1908 1909 $53,910,957.02 60,618,239.77 69,881,120.57 76,252,487.23 87,458,836.23 92,929,695.86 94,622,078.39 96,514,298.12 87,745,626.63 101,618,315.38 103,838,268.01 114,217,462.44 111,735,877.77 119,727,439.13 $1,670,005.53 1,015,314.39 1,187,682.99 1,158,307.57 1,389,096.68 1,116,179.86 1,488,448.16 960,907.95 2,159,818.57 3,404,966.63 1,514,29L19 2,754,283.29 3,989,772.90 3,432,288.62 $6,572,390.14 9,371,52L03 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 36,317,864.38 36,656,545.85 71,774,350.81 16,021,521.02 T o t a l . 2,067,339,415.86 F o r e i g n coin. Surplus bullion, grains, jewelers' b a r s , old plate, etc. $3,227,409.06 $3,388,622.06 13,188,013.86 2,810,248.66 47,210,077.84 2,936,943.37 32,785,152.48 2,964,683.90 18,834,495.53 3,517.540.93 27,906,489.13 3,959,656.64 13,996,162.21 4,284,724. 22 8,950,595.28 4,247,582.64 46,152,783.87 4,892,930.88 15,141,678.08 5,568,482.95 6 , 6 4 8 , 5 n . 63 4,790,558.31 17,221,251.40 5,731, m . 55 13,684,426.46 6,231,547.01 1,034,377.62 5,341,603.82 Total. $68,769,383.81 87,003,337.71 147,693,194.83 143,497,190.65 133,920,119.59 153,101,680.61 132,580,829.88 127,004,442.91 177,753,384.34 143,378,969.86 153,109,493.52 176,580,654.53 207,415,974.96 145,557,230.21 73,784,046.60 577,092,922.24 507,201,806.80 108,293,571.24 3,333,711,762.74 DEPOSITS OF SILVER AT U N I T E D STATES M I N T S AND ASSAY OFFICES SINCE 1885. Character of silver deposited. 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 1906 1907 . . . . 1908.... 1909 Domestic coin. Foreign bullion. Foreign coin. Surplus bullion, grains, jewelers' bars, old plate, e t c . Total. Domestic bullion. F i n e ounces. 24,943,394 25,101,639 29,293,372 28,921,649 29,606,387 29,187,135 50,667,116 56,817,548 56,976,082 15,296,815 6,809,626 4,420,770 3,914,985 2,116,690 5,584,912 4,977,978 2,466,749 1.425,060 • 12,523,630 9,991, .187 4,923,655 2,398,871 20,388,163 16,114,553 5,375,389 F i n e ounces. 678,741 216,015 5,848,585 1,202,177 394,346 466,302 637,652 5,036,246 5,346,912 5,012,060 3,015,905 3,170,768 2,208,953 1,243,050 6,060,986 3,587,992 2,613,570 2,275,090 a 2,511,911 b 2,072,397 d 1,337,242 / 960,801 770,269 786,085 659,935 Fine ounces. 1,627,619 1,145,017 ' 1,127,213 1,290,390 1,063,900 1,852,155 1,767,908 1,556,618 1,738,711 994,901 1,362,141 680,757 626,085 209,987 716,077 1,088,019 1,306,149 1,152,023 1,110,463 1,361,701 1,906,410 .3,165,170 2,552,003 2,963,399 2,326,'847 F i n e ounces. 867,856 628,545 271,166 67,549 328,276 951,162 1,970,912 349,652 505,171 422,725 15,291 150,942 101,157 6,808 • 19,382 44,704 4,250,196 29,265 21,869 c 4,039,100 6 7,796,761 P 1,348,991 /I 4,963,403 »• 9,005,007 ;• 7,342,229 Fine ounces. 336,981 361,316 396,656 485,190 502,223 526,270 . 633,073 572,661 582,728 467,958 580,125 • 604,386 473,755 249,468 484,751 557,831 567,647 575,430 627,108 652,015 739,310 632,544 636,722 648,007 520,715 Fine ounces. 28,454,591 27,452,532 36,936,992 31,966,955 31,895,132 32,983,024 '55,6765661 64,332,725 65,149,604 22,194,459 11,783,088 9,027,623 7,324,935 3,826,003 12,866,108 10,256,524 11,204,311 5,456,868 16,794,981 18,116,400 16,703,378 8,506,377 29,310,560 29,517,051 16,225,115 450,243,355 58,113,990 36,691,663 13,414,870 603,961,997 Total....... 45,498,119 a Includes 461,686 fine ounces Hawaiian coin. & Includes 148J78S fine ounces Hawaiian coin. c Includes 6,901 fine ounces Philippine special assay coins. . d Includes 3,647 fine ounces Hawanan coin. «Includes 3,456 fine ounces Philippine special assay coins. /Includes 3,895 fine ounces Hawaiian com. 0 Includes 2,663 fine ounces Philippine special assay coins. h Includes 4,680,791 fine ounces Philippine coins. i Includes 3,411 fine ounces Philippine assay coins and 8,866,622 fine ounces Philippine coins for recoinage. / Includes 5,739 fine ounces Philippine assay coins and 7,314,573 fine ounces Philippine coins for recoinage. 261 DIRECTOR OF THE MINT^ NEW DESIGN FOR THE ONE-CENT PIECE. With the approval of the Secretary of the Treasury the new design for the bronze one-cent piece was adopted in April, 1909. On the obverse the head of Lincoln appears instead of the Indian head which this piece had borne since 1864. The engraver of the mint at Philadelphia was instructed to prepare dies, and coinage of this piece was commenced in May. No coins were paid out until after the close of the fiscal year. A stock was accumulated at the Philadelphia mint to enable that institution to be in a position to fill orders promptly. The distribution of this piece was commenced on August 2, 1909. C O I N A G E O F T H E U N I T E D STATES, FISCAL YEAR 1 9 0 9 . ' The domestic coinage was as follows: Denomination. Pieces. Gold Silver, s u b s i d i a r y Nickel, 5-cent pieces Bronze, 1-cent pieces Total Value. 10,655,469 53,371,200 11,588,558 54,662,295 $108,180,092. 50 11,093,810.00 579,427.90 546,622.95 130,277,522 120,399,953.35 _ Of the subsidiary coinage made during the year $1,407,000 were from uncurrent domestic coin received for recoinage and $9,686,810 from silver purchased under provisions of section 3526 of the Revised Statutes. MUTILATED STANDARD S I L V E R DOLLARS P U R C H A S E D A N D U S E D IN S U B S I D I A R Y SILVER COINAGE. There were purchased as bullion and melted at the mints and assay offices 1,293 mutilated silver dollars during the fiscal year 1909, which were for use in the manufacture of subsidiary silver coins. Fiscal year. 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894.... 1895 1896 1897 . Fiscal year. Amount. $621 1,850 - . .. . . - 8,292 14,055 31,042 ' ' 11,977 10,800 42,881 10,500 15,055 18,5'SO 2,034 1,898 1898 1899. 1900 1901.. 1902 ]903 1904 1905 1906 1907 1908. 1909 Amount. • •. Total. $1,365 1,734 1,341 1,786 1,893 1,777 1,304 2,298 909 1,548 1,170 . 1,293 188,003 R E C O I N A G E OP U N C U R R E N T U N I T E D STATES C O I N . The table following shows the face value of abraded subsidiary coin transferred and purchased for recoinage, the amount of new coin made therefrom, and the loss since 1891: 262 EEl^ORT OM T H E FINANCES. Fiscal year. V a l u e of n e w coin produced. 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 1,414,963.90 1,142,184.00 1,162,982.06 977,321.23 $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 1,322,834.27 1,064,826.39 1,086,691.94 912,300.40 $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 92,129.63 77,357. 61 76,290.12 65,020.83 74,638,146.07 71,028,719.'92 3,609,426.15 Face value. • 1891 1892 1893 1894 1895 1896 1897. 1898 1899 1900 1901 1902 1903. 1904 1905 1906 1907. 1908 1909. . :. . . . :.... ... : • .. . Total. The loss on the recoinage of $3,458,338 in worn and uncurrent gold coins was $26,049.38 and the net loss on the recoinage of $912,300.40 in worn and uncurrent silver coins was $65,018.05. The Treasury was reimbursed $5,436.61 loss on uncurrent gold coin transferred and $64,920.18 loss on uncurrent silver coin transferred for recoinage from the appropriation for that purpose. COINAGE OP GOLD AND SILVER OP THE U N I T E D STATES SINCE 1873, BY FISCAL Y E A R S . Silver. Gold. Fiscal year. F i n e 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 ..v.. 1902 1903 . . . 1904 1905 1906 1907 1908 1909 • . '. : ... Total 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 2,563,976 4,279,701 9,541,406 5,233,212 Value. $35,249,337.00 50,442,690.00 33,553,965.00 38,178,963. 00 44,078,199.00 52,798,980. 00 40.986.912. 00 56,157,735. 00 78,733,864.00 89,413,447. 00 35,936,928. 00 27,932,824.00 24,861,123. 00 34,077,380.00 22,393,279. 00 28,364,171. 00 25,543,910. 00 22,021,748.00 24,172,203. 00 35,506,987. 00 30,038,140. 00 99.474.913. 00 43,933,475. 00 58,878,490. 00 71,646,705. 00 64,634,865. 00 108,177,180. 00 107,937,110. 00 99,065,715. 00 61,980,572. 00 45,721,773. 00 208,618,642. OO 79,983,692. 00 53,002,097.50 79,622,337. 50 197,238,377.50 108,180,092.50 112,587,290 2,318,538,822.00 Subsidiary coined. F i n e ounces . consumed. Dollars coined. 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 2,905,340 9,385,454 11,957,734 8,024,984 $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 33,266,831 32,718,673 33,793,860 35,923,816 36,232,802 8,329,467 5,343,715 758 3,956,Oil 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 2,394,70L39 4,372,868.00 12,994,452. 50 19,387,035. 00 8,339,311.50 382. 50 8,687. 50 12, Oil. 75 11,313.75 724,351.15 673,457. SO 320,407. 65 183,442. 95 1,099,652. 76 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 4,016,368.10 12,974,534. 25 16,530,477.25 11,093,810.00 621,873,126 607,259,120 209,628,197.84 263 DIRECTOR OF THE M I N T . COINAGE FOR THE PHILIPPINE GOVERNMENT. Owing to the advance in the price of silver bullion in 1905 and 1906, the bullion value of the. silver contained in two Philippine esos and the subdivisions thereof, as authorized by the act of [arch 2, 1903, was greater than that of one dollar in United States -gold coin. For the purpose of preventing the melting and exportation of the coins from the islands as a result of the appreciation in the price of silver. Congress passed an act on June 23, 1906, authorizing the government of the Philippine Islands to reduce the weight and fineness of the coins as authorized under the act of March 2, 1903, and .to recoin the coins previously made. Under date of December 6, 1906, the Philippine Commission passed an act fixing the weight and fineness of the Philippine coins. . The weight and fineness of the Philippine silver coins authorized under the act of March 2, 1903, and of the reduced weight and fineness authorized under the act of June 23, 1906, are as follows: K Act of March 2, 1903. Denomination. Weight in grains. Weight in grains. Fineness. 416.00 .208.00 83.10 4L55 Peso . . 60 centavo 20 centavo 10 centavo Act of June 23, 1906. 900 900 900 900 308.640 154.320 61.728 30.864 Fineness. , SOO 750 750 750 The total Philippine coinage under the act of March 2, 1903, from April, 1903, to December 31, 1906, was as follows: Pieces. Denomination. Pesos, silver 60 centavo, silver 20 centavo, silver 10 centavo, silver 5 centavo, nickel 1 centavo, bronze Half centavo, bronze. Total Value. Silver consumed. 27,024,358 6,128,518 7,997,768 11,.357,5.57 9,999,884 .37,845,284 17,752,884 Peso. 27,024,358.00 3,064,259.00: 1,599,5.53.60 1,135,755.70 499,994.20 378,452.84 88,764.42 Fine ounces. 21,078,999.24 2,390,122.02 1,246,1.52.22 884,824.67 118,106,253 33,791,137.76 25,'600,098.15 RECOINAGE OF PHILIPPINE COINS. Under the act of Congress approved June 23, 1906, and the act of the Philippine Commission dated December 6., 1906, providing for the recoinage of Philippine silver coins issued under the act of March 2, 1903, into coins of a reduced weight and fineness, there were received at the mint, San Francisco, and melted for recoinage up to June 30, 1909, the following: Denomination. Pesos 60-centavo. . 20-centavo lO-centavo Mixed Philippine coins Total:.-.. " .-- ,..-..'. : - • Pieces. Fine ounces. 22,862,873 4,815,000 4,490,500 5,829,000 425 17,828,264.16 -. 1,875,136.87 '•697,283.64 452,346.16 149.85 .37,997,798 20,863,180.68 264 REPORT ON T H E FINANCES. Of the coins manufactured for the Philippine government under the act of March 2, 1903, there were remaining in the Phihppine Islands, June 30, 1909, the following coins: Pieces. - Denoraination. Pesos 60-centav6 20-centavo 10-centavo - '- - . 4,161,485 1,313,518 3,507,268 5,528,557 -- - Value in pesos. - 14,510,828 Total 4,161,485.00 656,759.00 701,453.60 552,855.70 6,072,553.30 The following coinage was executed during the fiscal year 1909 at the United States Mint, San Francisco, for the Phihppine government : Denomination. Silver: Pesos . 50-centavo 20-centavo 10-centavo Bronze: 1-centavo Pieces. F i n e ounces. 14,546,944 1,092,000 705,000 1,740,000 : . ' 7,482,947.99 263,308.50 67,997.25 83,911.50 3,924,612 7,898,166.24 • 22,008,556 Total . - The total silver coinage to June 30, 1909, from coins received from the Philippine Islands for recoinage and from bullion purchased for such coinage was as follows: Denomination. Coined from n e w bullion, a c t s of March 2, 1903, a n d J u n e 23, 1906. Total. Pieces. F i n e ounces. Pieces. F i n e ounces. . Pieces. F i n e ounces. 93,445 3', 306,126 3,216,152 5,765,193 48,068.11 797,189.63 310,197.86 278,026.42 36,126,000 2,100,000 2,735,000 4,030,000 18,583,214.40 506,362.50 263,790.75 194,346.75 36,219,445 5,406,126 5,951,152 9,795,193 18,631,282.51 1,303,552.13 573,988.61 472,373.17 12,380,916 1,433,482.02 44,991,000 19,547,714.40 57,371,916 20,981,196.42 Pesos 60-centavo 20-centavo 10-centavo Total Coined from P h i l i p p i n e coins received for recoinage, a c t of J u n e 23, 1906. The total coinage including recoinage made for the Philippine government under authority of the acts of March 2, 1903, and June 23, 1906, was as follows: Made a t U n i t e d Made a t U n i t e d States m i n t , . States m i n t , P h i l a d e l p h i a . San Francisco. Denomination. Silver: Pesos 60-centavo 20-centavo...'. 10-centavo Nickel: 5-centavo Bronze: 1-centavo J-centavo Total : 2,806,859 4,317,644 6,618,840 6,618,839 60,436,944 7,217,000 7,330,080 14,533,911 10,000,384 : Total. 63,243,803 11,534,644 13,948,920 21,152,760 10,000,384 37,845,784 17,753,384 a 3,924,612 41,770,396 17,753,384 85,961,734 93,442,647 179,404,281 o Recoinage of one-half qentavo pieces. DIRECTOR o r THE 265 MINT. COINAGE FOR SAN SALVADOR. The mint at San Francisco coined for the Government of San Salvador 693,170 silver peso pieces during the fiscal year 1909. BARS MANUFACTURED. During the fiscal year 1909 there were manufactured by the mints and assay offices the following: Coining value. Standard ounces. Description. 6,278,563.668 6,537,088.21 Gold bars Silver b a r s Total $98,205,831.04 7,719,663.04 105,925; 494.08 WORK OF THE GOVERNMENT REFINERIES. There were received and operated upon by the refineries connected with the coinage mints during the fiscal year 1909 gold and silver as shown by the following table: Gold. . Philadelphia San Francisco NewOrleans Denver Silver. Mint. ; Total "... Standard ounces. Coining value. Standard ounces. Value. 1,668,892.456 2,518,687.792 53,934.799 2,042,995.755 $31,049,161.97 46,859,307.75 1,003,438.12 38,009,223.35 3,149,873.14 1,222,347.03 125,151.23 1,839,604.62 $3,665,306.92 1,422,367.45 145,630.52 2,140,630.83 6,284,510.802 116,921,131.19 6,336,976.02 7,373,935.72 SILVER BULLION ON W H I C H CHARGES W E R E M A D E . 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: Mints. • Philadelphia San Francisco N ew Orleans Denver ? Total o Silver bullion on w h i c h charges were collected. Shver bullion owned b y t h e Government retained b y t h e refinery for p a r t i n g purposes on which there were no charges. Standard ozs. 2,578,437.07 1,123,782.05 35,742.62 601,793.66 Standard ozs. 571,436.07 98,564.98 89,408.61 1,237,811.06 Standard ozs. 3,149,873.14 1,222,347.03 125,151.23 1,839,604.62 4,339,755.30 1,997,220.72 6,336,976.02 Total. NOTE.—Refinery operations suspended at the assay offlce at New York during reconstruction of building. 266 REPORT ON T H E FINANCES. PURCHASE OF SILVER. T h e t a b l e f o l l o w i n g s h o w s t h e a m o u n t a n d c o s t of s i l v e r b u l l i o n p u r c h a s e d f o r t h e s u b s i d i a r y s i l v e r c o i n a g e d u r i n g t h e fiscal y e a r 1 9 0 9 : Standard ounces. Stock of silver bullion. P u r c h a s e d u n d e r section 3526, Revised S t a t u t e s , a t t h e T r e a s u r y Department P u r c h a s e d u n d e r section 3526, Revised S t a t u t e s , a t m i n t s P a r t i n g s , charges, a n d fractions p u r c h a s e d Melted assay coins p u r c h a s e d M u t i l a t e d coins p u r c h a s e d S u r p l u s bullion purchased ; Cost. 3,786,644.27 300,327.53 2,762,638.59 6,749.14 . 2,595.82 21,698.70 $1,729,224.23 139,669. 63 1,322,947.28 3,708.00 1,201.55 11,192.11 6,880,654.05 3,207,942.80 Total QUANTITY AND COST OF SILVER PURCHASED FOR SUBSIDIARY COINAGE A T E A C H . M I N T AND AT THE AsSAY OFFICE AT N E W YORK DURING THE Institution. M i n t at— . Philadelphia San Francisco N e w Orleans Denver. . Assay office a t N e w Y o r k .. '. . Total FiSCAL YEAR 1909. Standard ounces. ; Cost. 2,007,165.85 224,538.99 1,389,017.26 1,522,75L74 1,737,180.21 $973,381.37 104 749 69 631,154.80 698,237.81 800,419.13 6,880,654.05 3,207,942. 80 QUANTITY AND COST OF SILVER OBTAINED B Y T R A N S F E R , AND P U R C H A S E FOR S U B SIDIARY SILVER COINAGE, AMOUNT AND COST U S E D IN COINAGE, COINAGE D E R I V E D T H E R E F R O M , AND SEIGNIORAGE ON SAME DURING THE FISCAL Y E A R 1909, O b t a i n e d b y transfer and purchase. Used i n coinage. Sources from w h i c h b u l lion was o b t a i n e d . Coinage. Standard ounces. Cost. Standard ounces. Seigniorage. •Cost. MINT AT PHILADELPHrA. O n h a n d J u l y 1,1908 6,177,658.45 $3,877,694.38 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 . . 635,093.89 790,163.47 933,957.50 $1,162,000.00 $1,162,000.00 .Purchase bullion transferred from N e w York assay office 1,027,86L26 . 490,009.20 P u r c h a s e d u n d e r section 3526, R e v i s e d S t a t u t e s of t h e U n i t e d States, at mint 34,467.99 15,973.01 P a r t i n g s , charges, a n d •2,882,657.42 1,516,002. 76 3,586,510.00 $2,070,507.24 fractions p u r c h a s e d . . . . ,1,957,933:55 949,5i3.98 Melted assay coins p u r chased 6,749.14 3,708.00 Mutilated coins p u r - ' chased 2,137.62 988.01 S u r p l u s bullion p u r chased . 5,877.55 3,198.37 Total 9,847,779.45 6,131,248.42 3,816,614.92 2,678,002.76 4,745.510.00 2,070,507.24 267 DIRECTOR OF T H E M I N T . QUANTITY AND COST OF SILVER OBTAINED BY T R A N S F E R AND PURCHASE FOR S U B SIDIARY SILVER COINAGE, AMOUNT AND COST U S E D IN COINAGE, COINAGE D E R I V E D T H E R E F R O M , AND SEIGNIORAGE ON SAME DURING THE FISCAL Y E A R 1909—Con. Obtained by transfer and purchase. Sources from which bullion was obtamed. Used in coinage. Coinage. Standard ounces. Standard ounces. Cost. Seigniorage. Cost. MINT AT P H I L A D E L P H I A — continued. Used in coinage, fiscal year 1909 Silver purchsae buhion transferred to New York assay office Sold in sweeps Wasted by operative officers Balance on hand June 30 1909 . 3,S16,'614.92 $2,678,002.76 • 885,393. .31° 465,618.96 3,258.80 6,178.62 520.48 9,847,779.45 6,131,248.42 Total • MINT AT SAN FRANCISCO. On hand July 1,1908.... 1,873, IOL 64 Uncurrent coin trans31,667.75 ferred from Treasury. Purchased under section . 3526, Revised Statutes of the United States, 16.90 at mint Partings, charges, and fractions purchased.... 211,696.03 Mutilated cqins purchased 306.83 Surplus bullion purchased 12,519.23 Total 284.11 5,139,072.12 2,984,083.79 . . . . Used in coinage, fiscal year 1909 Assay coins (Philippine) transferred to Philadelphia Sold in sweeps Wasted by operative officers Balance on hand June 30, 1909 Total 990,055.02 • 39,400.00 s.n 98,076.98 i 422,772.50 $221,469.35 $526. oqo. 00 $304,530.66 144.21 6,-520.39 2,129,308.38 1,134,204.71 422,772.50 221,469.35 6.732.85 6,457. 47 3,940.56 3, .390.40 9,391.13 4,894.31 1,683,954.43 900,510.09 422,772. 50 221,469.35 526,000.-00 196,918. 75 245,000.00 245,000.00 304,530.65 2,129,308.38 1,134,204.71 MINT AT N E W O R L E A N S . Onhand July 1,1908..-- 1,030,955.31 Uncurrent coin trans63,209.40 ferred from Treasury.. Purchased under section 3526, Revised Statutes of the United States, by Treasury Department 1,339,496.85 Purchased under section 3526, Revised Statutes of the United 25,586.30 States, at mint Partings, charges, and 23,385.28 fractions purchased... Mutilated coins pur123.33 chased Surplus bullion pur425.50 chased Total 639,218.72 78,643.10 607,880.35 12,168.20 12,189,656.13 1,045,193.80 2,724,300.00 1,679,106.20 10,854.08 66.41 195.76 2,483,18L97 1,349,016.62 2,386,674.88 1,290,193.80 2,969,300.00 1,679,106.20 268 REPORT ON T H E FINANCES. QUANTITY AND COST OP SILVER OBTAINED BY T R A N S F E R AND P U R C H A S E FOR S U B SIDIARY SILVER COINAGE, AMOUNT AND COST U S E D I N COINAGE, COINAGE D E R I V E D T H E R E F R O M , AND SEIGNIORAGE ON SAME DURING THE FISCAL Y E A R 1909—Con. Sources from w h i c h bullion w a s o b t a i n e d . O b t a i n e d b y transfer and purchase. Used in coinage. Coinage. Standard ounces. Cost. Standard ounces. Seigniorage. Cost. • MINT AT N E W O R L E A N S — continued. Used in coinage, fiscal year 1909 .2,386,674.88 $1,290,193.80 Transferred to Philadel32.87 phia mint 70.78 3,070.12 5,99L93 Sold in sweeps . W a s t e d b y operative 1,037.07 476.98 officers Balance on h a n d J u n e 30,1909 89,507.31 55,242.85 Total 2,483,181.97 1,349,016.62 MINT AT D E N V E R . O n h a n d J u l y 1,1908 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 P u r c h a s e d u n d e r section 3526, Revised S t a t u t e s of t h e U n i t e d States, b y Treasury Department P u r c h a s e d u n d e r section 3526, Revised S t a t u t e s of t h e U n i t e d States, a t m i n t P a r t i n g s , charges, a n d fractions p u r c h a s e d Mutilated coins p u r chased Melted assay coins p u r chased S u r p l u s bullion purchased .; Total Used in coinage, fiscal year 1909 Transferred assay coins Sold in s w e e p s . . W a s t e d b y operative officers Balance on h a n d J u n e 30,1909 Total 1,029,978.02 626,488.46 1,003,642.72 456,679.58 240,256.34 111,520.31 277,346.53 129,339.95 28.04 12.92 1,478.11 685.05 >2,290,687.50 $1,103,226.29 $2,850,000.00 $1,746,773.71 2,552,729.76 1,224,726.27 2,290,687.50 1,103,226,29 2,850,000.00 1,746,773.71 2,290,687.50 1,103,226.29 3,085.02 1,479.70 1,20L58 556.90 257,755.66 119,463.38 2,552,729.76 1.224,726.27 ASSAY OFFICE AT N E W YORK, N . Y. 465,100.02 O n h a n d July 1,1908.... P u r c h a s e d u n d e r section 3526, Revised S t a t u t e s of t h e U n i t e d States, by Treasury Department 1,443,504.70 P a r t i n g s , charges, a n d 292,277.20 fractions p u r c h a s e d - . . . S u r p l u s bullion p u r 1,398.31 chased A m o u n t silver p u r c h a s e bullion transferred from Phhadelphia mint 885,393.31 Total Transferred to Philadelphia mint Sold in sweeps Balance on n a n d J u n e 30 1909 Total 235,927.71 664,664.30 135,162.29 592.54 465,618.96 3,087,673.54 1,501,965.80 • 2,791,236.14 1,349,457.50 922.48 451.88 296,614.92 162,056.42 3,087,673.54 1,501,966.80 I 269 DIEECTOR OF T H E M I N T . QUANTITY AND COST OF SILVER OBTAINED BY T R A N S F E R AND P U R C H A S E FOR S U B SIDIARY SILVER COINAGE, AMOUNT AND COST U S E D IN COINAGE, COINAGE D E R I V E D T H E R E F R O M , AND SEIGNIORAGE ON SAME DURING THE FISCAL Y E A R 1909—Con. Obtained by transfer and purchase. Sources from which bullion was obtained. Used in coinage. Coinage. Standard ounces. Cost Standard ounces. Seigniorage. Cost. SUMMARY. 10,576,793.44 $6,269,384.29 On hand July 1,1908 Uncurrent coins trans729,971.04 ferred from Treasury.. 908,206.57 1,130,876.25 $1,407,000.00 $1,407,000.00 Purchased under section 3526, Revised Statutes of the United States, by Treasury Department 3,786,644.27 1,729,224.23 Purchased under section 3526, Revised Statutes of the United States, at Mint 139,669.63 300,327.53 Purchased bullion trans-955,628.16 ferred . .. . 1,913,254.57 Partings, charges, and 17,785,773.56 3,885,892.20 9,686,810.00 $5,800,917.80 2,762,638.59 1,322,947.28 fractions purchased Melted assay coins pur3,708.00 6,749.14 chased - . Mutilated coins pur1,20L55 2,595.82 chased Surplus bullion pur11,192.11 21,698.70 chased Total 20,100,673,10 11,341,161.82 8,916,649.80 6,292,892.20 11,093,810.00 5,800,917.80 Used in coinage, fiscal 8,916,649.80 5,292,892.20 year 1908 Subsidiary silver purchase bulhon transferred . . . 3,683,433. OS 1,819,049.89 22,635.52 11,650.90 Sold in sweeps Wasted by operative 6,212.30 12,150.26 officers Balance on baud June "7,465,804.44 4,211,356.53 30,1909 Total 20,100,673.10 11,341,161.82 BALANCES OF SILVER BULLION. ^ The balances of silver bullion on hand June 30, 1909, at the inints and assay offices of the United States for the coinage of subsidiary silver coins, and also for coinage for the Philippine Islands, were as follows: Items. For subsidiary silver coinage Silver bullion for Philippine coinage Total Standard ounces. Cost. 7,492,044.11 1,544,162.67 $4,223,789.16 1,341,018.57 9,036,206.78 6,564,807.72 270 REPORT ON T H E FINANCES. COURSE OF SILVER. . ,The London price of silver 0.925 fine (British standard) for the twelve months ending June 30, 1909, ranged from 22d. to 24f|d., the average price being 23.7024d. At the lowest price the equivalent for an ounce fine in the money of the United States was $0.48226; the highest, $0.54528; and at the average price, $0.51958. At the lowest price the buUion value of the standard silver dollar was $0,373; at the highest price, $0.42174; and at the average price, $0.4186. The monthly fiuctuations are shown in the following table: HIGHEST, LOWEST, AND AVERAGE P R I C E OF SILVER BULLION AND VALUE OF A F I N E OUNCE E A C H MONTH DURING THE FISCAL Y E A R 1909. Month. Equivalent Average value of a Average Equivalent Average monthly fine ounce monthly' price per value of a price at based on aver- New York . ounce, fine ounce liighest. Lowest. British price of New York age monthly with exstandard, change at par of exchauge price and aver- fine bar shver. . 0.925 fine. ($4.8065). on London 'age rate of exchange. 1908. July August September.. October November... December... Pence. Pence. 24T^ 24| 231 24i„ 23A 24A 23T^ 2314 22A 23A 22 23A Pence. 24.5138 23.8943 23.8725 23. 7199 22. 9275 22. 4925 1.53737 .52379 .52331 .51996 . 50259 . 49306 $4.8696 4.8634 4.8639 4.8646 4.8608 4.8689 $0.53771 .52345 .52301 . 51976 '.50212 .49330 23^ 23A 23T^ 23i 24^ 23i| 23.8600 23. 7057 23. 2268 23. 7083 24. 3425 24.1658 . 52303 . 51965 .50915 .51971 . 53361 . 52974 4.8731 4.8730 4.8800 4.8760 4.8771 4.8794 .52375 .52033.51057 .52070 ..53477 .53115 .52365 . 52083 .51092 . 52057 .53530 .53543 23. 7024 . 51958 . 52005 .52074 1909. January February March Aprh May June.^ 24| 23i 24^ 24| 24^ Average. $0.53796 ^ .52302 .52360 .52050 .50320 .49399 DISTRIBUTION OF SILVER DOLLARS. The number of dollars on hand June 30, 1908 and 1909, and the distribution from each mint during the year was as follows: Items. Phhadelphia. San Francisco. New Orleans. $61,401,432 $29,581,825 $197,834,157 61,401,43.2 61,401,^32 29,581,825 29,574,649 197,834,157 197,670,007 7,176 164,150 • In mints June 30, 1908 $106,850,900 Total In mints Juno 30, 1909 106,850,900 106,693,926 Distributed from mints durhig the year SEIGNIORAGE • 156,974 ON SILVER Total. COINAGE. The seigniorage on the coinage of subsidiary silver coins during tlie fiscal year ended June 30, 1909, was $5,800,917.80, which, added to the balance on hand July 1, 1908—$114,366.16—gives a total of $5,915,283.96 to be accounted for during the year. The amount deposited in the Treasury was $5,913,687.14, leaving a balance on hand June 30, 1909, of $1',596.82. DIRECTOR OF T H E M I N T . 271 Including the balance on hand at the mints, July 1, 1878, the net seigniorage on silver coined from that date to June 30, 1909, was $157,467,155.61. The earnings, gains, and expenditures were as follows: EARNINGS AND EXPENDITURES. The earnings and gains of the mint service during the-fiscal year 1909 were as follows: Charges for parting and refining Charges for alloy Charges for assaying and stamping Seigniorage on minor coinage Seigniorage on subsidiary coinage Seigniorage on recoinage of minor coins o Profits on medals and proof coins Charges received for mounting, etc., medal-fund account ". Charges for the manufacture or medals, etc Deposit melting-room grains and sweepings Surplus bullion recovered by operative officers Gain on bullion shipped to mint for coinage Proceeds of sale of old material Receipts from special assays of bullion and ore Receipts for manufacturing appliances for government and other institutions Charges received for coinage for Philippine government and Salvador Gain on light-weight United States gold coin for recoinage Remnants of bullion returned by the assayer Charges for treatinent of deposit melting-room sweeps Total earnings and gains $290,176.82 16,725.87 33,848.02 843,654.47 6, SOO, 917.80 3,324.34 4,764.51 392.87 8,255.47 32,634.76 34,829.99 3,334.04 913.65 3,397.00 4,037.36 181,442.09 250.71 919.92 41.36 7,263,861.04 The expenditures were as follows: Salaries of officers and clerks $220,017.52 • Wages of workmen and adjusters 983,916.44 . Contingent expenses, less amount paid to reimburse wastage and loss on sweeps sold 227,413.84 Parting and refining expenses, less amount paidfcoreimburse wastage and loss on sweeps sold. 247,275.98 Wastage of operative departments 23,833.52 Wastage of operative departments, minor coinage operations 1,372.81 Loss on sweeps sold during the year 9,263.95 Expenses of distributing minor coins • 2,831.66 Expenses of medal fund (charges paid, mounting, etc.) 385.50 Loss on recoinage of minor coin 10,6^6.69 Loss on bullion shipped to mint for coinage. 244.62 Wastage Philippine minor coinage 248.63 1,727,471.06 APPROPRIATIONS AND EXPENDITURES. The act of May 22, 1908, making appropriations for the legislative, executive, and judicial expenses of the Government for the fiscal year 1909 contained specific appropriations for the support of the inints and assay offices, amounting to $1,367,450. , The earnings of the several mints amounted to $192,680.35 and were deposited in the Treasury to the credit of the appropriations for '^Wages of workmen'^ and^X'ontingent expenses'' of the respective mints. Of the appropriation made for ' ' N e w machinery and appliances,'.' mint at Philadelphia, b y the act of J u n e 6, 1900, there remained on hand at the close of the fiscal year 1908 $10, 062. 79 Of this amount there has been expended during the fiscal year 1909 8, 917. 62 Leaving an unexpended balance J u n e 30, 1909, of Of the appropriations made for " N e w machinery and aj^pliances, " mint at Denver, b y the acts of J u n e 6, 1900, March 3, 1903, April 28, 1904, and March 3,1905, there remained on hand at the close of the fiscal year 1908. Of this amount there has been expended during the fiscal year 1909 Leaving an unexpended balance J u n e 30, 1909, .of 1,145.17 4,195. 5l 3, 852. 50 343. 01 272 REPORT ON T H E FINANCES. APPROPRIATIONS AND E X P E N D I T U R E S , FISCAL Y E A R 1909. APPROPRIATIONS AND EARNINGS. Institution. Wages of workmen. Salaries. Philadelphia . . $43,550.00 a$408,623.13 San Francisco 41,100.00 b 283,575.37 27,300.00 62,800.00 New Orleans Denver 39,100.00 c150,110.32 Carson •6,000.00 4,000.00 New York i 41,750.00 35,000.00 Helena 5,450.00 14,500.00 Boise 3,400.00 8,300.00 Charlotte . 2,750.00 1,080.00 St. Louis 3,000.00 1,000.00 Deadwood ^ 4,000.00 3,200.00 32,000.00 9,250.00 Seattle Salt Lake City (salaries, wages, and contingent expenses) Total . . 1,004,988.82 225,850.00 Contingent expenses.. Total. a $87,406.44 b 107,942.71 30,000.00 c 50,022.38 2,000.00 12,500.00 4,000.00 3,750.00 920.00 750.00 2,000.00 8,000.00 $539,579.'57 432,618.08 120,100.00 239,232.70 12,000.00 89,250.00 23,950.00 15,450.00 4,750.00 4,750.00 9,200.00 49,250.00 309,291.53 1,560,130.36 20,000.00 a Includes $7,159.55, manufacturing medals for departments; $816.96, miscellaneous work for Treasury Department; $2,758.34, miscellaneous work for other institutions of mint service; $294.72, other miscellaneous work. • b Includes $181,442.09 for Philippine coinage; $75.99, miscellaneous work for other departments. c Includes $132.70, miscellaneous work for other departments. • ' EXPENDITURES. Parting and refining. Salaries.. Wages of workmen. Philadelphia... San Francisco.. New Orleans... Denver Carson..., New York Helena Boi^e : Charlotte St. Louis Deadwood Seattle Salt Lake City. $43,550.00 40,231.42 27,264.45 37,899.44 6,000.00 37,595.01 5,450.00 3,400.00 2,749.99 2,374.99 3,196.67 9,250.00 1,055.55 $401,405.07 278,424.66 60,044.78 146,935.06 4,488.00 32,004.19 13,702.75 8,110.00 1,080.00 763.94 3,865.00 29,175.88 3,917.11 $71,744.34 84,576.28 16,089.65 42,035.23 2,500.00 7,942.51 3,283.81 1,800.24 664.30 567.12 653.73 6,243.41 11,095.88 $74,508.00 78,084.01 1,655.26 42,977.76 Total 220,017.52 983,916.44 249,196.50 258,590.79 Institution. Philadelphia. Wages of workmen. Original appropriations Earnings during year... Total available... Expenditures Contingent expenses. Contingent expenses. San Francisco. Wages of workmen. Contingent expenses. Denver. Wages workmen. $400,000.00 $8.5,000.00 $165,000.00 $45,000.00 $150,000.00 110.32 2,406.44 118,575.37 62,942.71 8,623.13 408,623.13 401,405.07 87,406.44 71,744.34 283,575.37 107,942.71 278,424.66 84,576.28 61,365.77 150,110.32 146,935.06 Contingent expenses. $50,000.00 22.38 ^ 50,022.38 42,035.23 EARNINGS AND EXPENDITURES OF THE REFINERIES OF THE COIN^ AGE'MINTS" AND ASSAY OFFICE AT NEW YORK, FISCAL YEAR 1 9 0 9 . The earnings on account of parting and refining bullion during the fiscal year ended June 30, 1909, all of which were deposited in the Treasury, amounted to $325,006.81; the expenditures on the same account aggregated $258,590.79; and net earnings over expenditures 3,416.02. 273 DIRECTOR OF T H E M I N T . The earnings and expenditures of the several mints and the assay office at New York were as follows: Institution. Philadelphia San Francisco NewOrleans Denver New York. . . Total • . . . . .• Charges collected. Surplus bullion. $101,741.86 54,143.81 4,005.08 86,519.21 43,766.86 $8,846.72 6,532.43 1,543.23 17,581.54 326.07 $74,508.00 78,084.01 1,655.26 42,977.75 61,365.77 290,176.82 34,829.99 258,590.79 Expenditures. APPROPRIATIONS AND EXPENDITURES, OFFICE OF THE DIRECTOR OF THE MINT, FISCAL YEAR 1 9 0 9 . Under the act of May 22, 1908, there was appropriated for the office of the Director of the Mint to meet the expenses of that office for the fiscal year 1909 the sum of $36,770. The expenditures from the appropriations for salaries, supervising the annual settlements at the mints and assay offices, collecting and compiling statistics of the production of gold and silver in the UnitedStates, for incidental expenses and the purchase of and subscription to books and pamphlets, and contingent expenses for the laboratory aggregated $34,666.69, leaving an unexpended balance to the credit of the various appropriations of $2,103.31. I n addition to the above appropriations, the act of May 22, 1908, contained a specific appropriation of $65,000 for ^^ Freight on bullion and coin between the mints and assay offices.'' The expenditures from this appropriation for the fiscal year 1909 amounted to $55,756.69, leaving an unexpended balance of $9,243.31 to the credit of the appropriation. There was also a specific appropriation of $300,000, under the act of May 27,1908, for ^^Transportation of money from the mint at San Francisco, 1909,'' of which $277,434.12 was expended, leaving a balance of $22,565.88. APPROPRIATIONS AND E X P E N D I T U R E S , OFFICE OF THE DIRECTOR OF THE MINT, F R E I G H T ON BULLION AND COIN B E T W E E N MINTS AND ASSAY OFFICES, AND TRANSPORTATION OF M O N E Y FROM M I N T AT SAN FRANCISCO, 1909. Appropriations. Salaries Contingent expenses -. Freight on bullion and coin Transportation of money from mint at San Francisco Total Amount appropriated. Amount expended. Unexpended balance. $30,120.00 6,650.00 65,000.00 300,000.00 $29,693.34 4,973.35 55,756.69 277,434.12 $426.66 1,676.66 9,243.31 22,565.88 401,770.00 367,857.60 33,912,50 In the appendix will be found a table showing in detail the earnings and expenditures for the year. 13518—FI 1909 18 274 REPORT ON T H E FINANCES. CONSOLIDATED STATEMENT OP E X P E N D I T U R E S FOR SALARIES, W A G E S , AND SUPPLIES OF THE MINTS AND ASSAY OFFICES DURING THE FISCAL Y E / R Items of expenditures. Acids Adjusting weights and repairing balances.. Advertisements Balances and weights , Barrels and lard tierces Binding of records..., Bullion boxes Carpets, furniture, and fixtures Charcoal and coke Chemical apparatus Chemicals not otherwise specified , Coal. Copx)er c. — Crucibles, covers, stirrers, and dippers Drayage , Dry goods '. Electric light and supphes Electric power Electrical vault protection and burglar alarm. Ensigns Express and freight Fire brick Fluxes Furnaces and repairs Gas. Gloves, gauntlets, mitts, etc. Hardware Ice. Iron and steel Labor (temporary) Laundry Lead: Bar, sheet, and pipe. Loss on sale of sweeps Lumber Machinery and appliances.. Metal work and castings— Naphtha Oils. Coal Fuel Lubricating Pamt Printing Repairs (machinery, etc.) Sewing .° Stationery Stearn^ supply of Sundries Telegraphing Telephone Tools :..... , Traveling expenses Water: Sprinkling, heating, and irrigating., Wood , Zinc •. ^ Wastage of operative oificers." Rent of buUdings Total. Salaries.' Wages of workmen. Total. Ordinary expenses. Refinery expenses. 1909. Total. $22,639.90 743.14 358.24 2,016.30 660.05 145.86 389.01 4,104.10 2,141.05 5,635.38 3,773.94 24,614.60 26,549.59 25,719.30 . 2,546.00 8,097.30 8,554.35 13,032.29 408.00 154.10 1,643.19 2,352.21 5,427.17 4,644.22 19,203.29 10,463.64 3,122.57 2,049.74 5,104.58 973.02 2,072.71 1,730.93 9,263.95 3,510.98 32,973.86 7,667.82 9,954.71 72.43 78.06 6,786.06 3,494.11 $6,321.63 476.49 358.24 1,872.85 253.05 145.85 363.56 4,104.10 1,690.84 1,241.30 2,396.65 21,924.04 26,407.06 12,748.04 2,446.10 6,949.53 7,610.58 7,045.92 408.00 164.10 1,629.30 2,028.22 1,462.48 3,093.38 15,565.35 8,862.01 2,'806.08 1,856.27 4,940.34 962.42 2,072.71 1,319.04 4,744.31 2,988.88 15,803.42 6,994.74 7,671.12 72.43 78.05 5,205.29 2,953.97 789.58 $16,318.27 267.65 1,047.31 3,296.57 1,520.50 427.04 13,993.31 176.51 2,149.93 2,038.61 2,024.46 4,118.04 307.82 12.73 17,038.35 3,330.00 3,208.81 155.00 249,196.50 105,272.22 354,468.72 220,017.52 983,916.44 153,318.57 220,017.52 1,137,235.01 1,453,130.46 258,590.79 1,71I,72L25 142.45 407.00 25.45 450.21 4,294.08 1,377.29 2,690.46 142.63 12,97L26 99.90 2,147.77 943.77 5,986.37 13.89 323.99 3,964.69 1,450.84 3,637.94 1,60L63 316.49 193.47 164.24 10.60 411.89 4,519.64 522.10 17,170.44 673.08 2,383.69 1,580.77 540.14 99.22 1,801.53 2,320.22 .40 86.17 841.51 569.23 1,65L07 6,795.17 4,256.12. 3,451.57 1,520.50 2,228.57 16,313.53 175.91 2,149.93 2,124.78 2,865.97 4,687.27 307.82 1,663.80 23,833.52 3,330.00 LABORATORY OF THE BUREAU OF THE MINT. From the coinage of the calendar year 1908 the assayer of this bureau tested 425 gold and 666 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 0.0003, while the greatest deviation below was 0.0006. 275 DIRECTOR OF THE M I N T . The greatest deviation of silver coins above standard (the limit being 0.003 above or below) was 0.0009, while the greatest deviation below was 0.0013. The following table summarizes these assays: Phhadelphia. S a n Francisco. Denver. N e w Orleans. Total. Fineness. Gold. 898.7 898.9 899.1 899.3 899.4 899.5 899.6 899.7 899.8 899!9... 900.0 900.1... 900.2 900.3 900.4 900.7 900.9 Silver. Silver. Gold. 2 7 9 30 52 59 68 37 18 7 Silver. Gold. Silver. Gold. , 1 3 8 28 '. Gold. 1 2 2 23 13 2 2 1 4 5 1 25 4 8 1 14 1 20 2 15 3 15 2 3 7 3 18 1 8 Total... 289 110 12 46 95 Ave r a g e fineness. 899.916 899. 61 899.842 899.829 899.836 1 4 19 46 1 5 4 5 12 1 2 7 12 18 33 27 14 5 5 3 11 16 44 72 93 99 51 24 12 6 • 8 13 17 15 12 1 124. 899.911 Silver. 1 61 2 61 2 49 40 15 13 18 1 82 425 333 900.058 899.913 899.815 In addition to the above there were examined 334 Philippine silver coins, all of which were within the legal requirements as to weight and fineness. Also 68 assays of miscellaneous gold were made in settlement of differences between the Denver mint and the Seattle assay office, and 55 samples of ores were assayed for the United States Geological Survey. THE ASSAY AND VALUATION OF GOLD BULLION.^ [By Frederic P . Dewey, assayer. Bureau of the Mint.] The Bureau of the Mint of the United States Treasury maintains 13 offices for the purchase of gold bullion, and this paper describes an investigation to establish the reasonable differences in the assay results at the various institutions which may be commercially allowable in t h e . settlements between them. Beginning with the comparative assay of proof gold at the Philadelphia mint and the Utrecht mint, which shows 0.00002 as the'closest agreement now possible, nine tables of comparative results, taken from the regular work of the service, are given. These tables begin with very fine gold, produced in an electrolytic refinery, showing close agreement in the assay results, and follow through decreasing gold fineness and increasing amounts and complexity of base metals to very impure and complex bars produced at cyanide mills, some of which give widely varying results. Next is given a series of results on samples, prepared and sent out to various laboratories in the service, to test the influence of different metals and various combinations upon the agreement of the assay results; 11 samples were sent out and each one was assayed from 44 to 71 times, making a total of 623 assays. To these are added 107 assays of identical samples of coin gold. On a previous occasion, & 1 have endeavored to show the degree of accuracy that may be expected in the ordinary every-day analysis of various materials, and on another c^This paper was read at the Seventh InternationarCongress of Applied Chemistry, London, May 27 to June 2,1909; also at the Spokane meeting of the American Institute of Mining Engineers in September, 1909. &The actual accuracy of chemical analysis. Trans. A. I. M. E., xxvi, 370 (1896); Jour. Am. Chem. S o c , vol. xviii, No. 9, p . 808 (Sept., 1896). 276 REPORT ON THE FINANCES. occasion« I have called attention to the accuracy of the commercial assay for silver. The present paper deals chiefly with an effort to establish certain commercial standards of agreement or accuracy in the assaying" of gold bullion for purchase in the various laboratories of the United States mint service. Besides the coinage mints at Philadelphia, New Orleans, Denver, and San Francisco, and the large assay office on Wall street in New York City, all of which purchase and refine bullion, the Mint Bureau of the United States Treasury maintains eight smaller assay offices, scattered about through the mining districts of the country which purchase bullion and ship it to the mints to be refined. These smaller offices were established as an aid to the mining industry of the country by giving the small miners the opportunity to sell their bullion easily and quickly for cash. Owing to the particular and rigid methods of bookkeeping of the Treasury Department, the mints are compelled to treat the bullibn sent to them from.the assay offices in exactly the same manner as the bullion deposited directly by individuals, and the prices are carefully determined at which the assay office bullion should be charged against the mint in the Treasury accounts. Naturally, discrepancies sometimes arise between the mints and the assay offices. > A very large proportion of these are small and are easily adjusted. In fact, most of them adjust themselves automatically, as they are on both sides of the account, and the gains and losses over a period of time will counterbalance each other. On rare occasions, however, the differences require adjustment hy umpire assays in the laboratory of the Bureau of the Mint at Washington. For several years I have been gathering data upon the subject, and have had a series of assays made in order to establish standard limits of differences which might be considered as allowable on different classes of bullion. The methods of assaying followed in the various institutions are substantially the eame, and have grown up as the result of many years of experience, so that with careful work on pure bullions the results obtained at different institutions ought to agree very closely; but with impure bullions—that.is, bullions containing other constituents besides gold and silver—the chances for variations in the results increase. The action of different impurities varies widely. Only small aniounts of some impurities induce excessive variations in the results, while comparatively large amounts of others have but little effect, and, on the other hand, a combination of several impurities in a bullion may be most disastrous to any agreement of the assay results. The bullion is handled in the same m^anner at all the institutions. It is weighed as received, and then melted. Generally a simple melting with soda or borax, or both, is sufficient, but sometimes it is more or less refined in the pot. In the case of large melts, 1,000 ounces or over, or of very impure bullion, a small sample may be dipped or poured out from the well-stirred pot and granulated in water. The granulations are used for the assay sample. In general, however, the metal is cast into bars, and these bars are chipped, top and bottom, to obtain the assay samples. The bars are again weighed and the assays made, when the value of the deposit is calculated from this data. If, however, the various assays made on a deposit do not agree well enough to satisfy the assayer, the bar is remelted, with or without refining in the pot. The. determination of gold in ores by the fire assay, when properly executed, is justly regarded as one of the most accurate of analytical methods. With ordinary care and an excellent bead balance, 1 part of gold in more than 20,000,000 parts of ore can be readily and accurately determined. The determination of 1 part of gold in 5,000,000 parts of ore is very easily done. . Until recently, however, it was rare for commercial ore assaying to attain to the accuracy of 1 part in 5,000,000. The ability to determine gold in ores with such great accuracy is due to the fact that very large amounts of ore, up to 0.25 kg., are taken for the assay, and on a high-grade button balance the resulting bead can be weighed to ^J^ mg. In assaying bullion, however, such extreme accuracy is out of the question, for the simple reason that there is a limit to the amount of bullion that can be taken for the assay. To obtain the most accurate results the assay sample must be weighed on the same high-grade balance on which is weighed the resulting cornet, and the sample must also be weighed with the same de.^ree of care and accuracy as the cornet. Now, the load that a very sensitive bead balance will safely carry is generally limited to 1 g., and the amount of metal generally taken for a gold-bullion assay is 0.5 g., or one-half of the maximum load of the balance. Another point in bullion assaying which militates against extreme accuracy in the results lies in the fact that the cornet which is weighed is itself gold, and, in high-grade bullions, it is a very large part bf the sample taken for the assay, so that even slight. a The accuracy of the commercial assay for silver, Jour. Am. Chem. Soc, vol. xvi, No. 8, p. 505 (Aug., 1894); Accuracy in silver assaying, Jour. Soc. Chem. Ind., vol. XV, No. 6, p. 434 (June 30, 1896). 277 DIRECTOR OF T H E M I N T . errors in the handling of the comet, resulting in slight losses or gains in its weight, count heavily against the highest accuracy of the results. About two years ago samples of proof gold were exchanged between the Philadelphia mint and t h e Utrecht mint, and these samples were assayed in comparison with the utmost care at both institutions, with the result that the Utrecht proof was pronounced slightly the best by both mints. The difference in the results of the assays at the two places was only 0.00002. This is b y far the most careful and exhaustive comparison of gold bullion assays known to me, and undoubtedly represents the limit of accuracy at present attained by human skill in such work. Table I shows a series of results obtained b y three assayers working in the same laboratory upon fine gold from an electrolytic refinery. Each assayer worked upon t h e same sample in each set of assays as averaged, the samples being cut from both the tops and bottoms of the bars. While there is a possibility that there may be some difference in composition between the tops and bottoms of the bars, yet in such highgrade material as this any such difference must be slight, and 8 tests upon the subject showed a maximum difference between the top and bottom of only 0.0001, which is considerably less than many of the differences between individual assays. On the whole, then, t h e figures may be taken as fairly representing the ordinary run of commercial work upon such high-grade bullion. I t will be noted that in several cases the figures exceed 1,000, which is due, in part at least, to the high grade of the material. I t may also be due in part to the presence in the electrolytic gold of unusual impurities in very small amounts. These data emphasize the necessity of averaging a large number of assays tb get a satisfactory determination of the fineness in such very high-grade material.. T A B L E I . — F I N E GOLD 1. 2. 999.8 999.5 999.7 999.8 999.7 999.8 999.4 999.7 999.6 999. 5 999.5 999.4 3. 999.6 1000. 0 999.4 1000.1 999.6 1000. 3 999.6 1000. 3 Average. 999.7 999.7 999.8 999. 7 ASSAYS. 1. 999.7 999.5 999.9 999.8 999.6 999.9 999.7 1000. 0 2. 999.7 . 999. 8 999.7 999.5 3. 999.3 999.8 999.5 1000. 0 999.6 1000. 3 999.7 1000. 4 999.7 999.5 1000.1 999.8 999.5 999.8 999.5 999.9 1000. 0 999.9 999. 8 999.7 999.6 999.9 999.6 1000.1 999.7 1000. 2 999.6 1000. 3 999.8 999.8 999.9 999. 8 999.6 999.8 999.8 999.8 999.8 999.8 999.8 Average. 1000. 0 999.7 999.5 999.9 999. 7 999.8 999.9 999.8 1000.1 999.8 1000.1 999.8 999.9 999.8 999. 9 999.8 999.9 1000.2 999.8 1000. 3 999.6 1000.1 999.8 1000. 5 999.7 . 1000.4 1000. 0 999.9 999.8 999.8 999.9 999.9 999. 9 999.9 Table I I shows results obtained b y various assayers in a single laboratory in assaying granulation samples from a wide variety of bullion. The figures given in Table I I I are all taken from a single shipment and show the accuracy that can be obtained upon material of fairly uniform composition, being mostly gold and silver, with b u t little base metal present. This.table shows, first, the results obtained at the assay office where the bullion was originally purchased; and, second, the results obtained upon the same material when shipped to a mint. I n some of these samples there is undoubtedly a difference between the tops and bottoms of the bars, b u t the figures show the agreement that may be expected between two institutions in arriving at the value of such deposits. Table IV gives the assays of 14 bars which were referred to the bureau laboratory for adjustment, although the average differences between the mint and the assay office were only slight. The handling of bullion produced at mills using the cyanide process of gold extraction has given a great deal of trouble. 278 REPORT ON T H E FINANCES. TABLE II.—MISCELLANEOUS Silver fineness. Gold fineness, 0.4 0.5 2.8 6.1 11.0 12.0 17.0 19.4 29.4 36.1 43.2 47.0 52.4 62.5 68.0 79.0 108.5 0.4 '"i's 6.2 10.9 12.1 16.5 19.4 29.4 36.0 43.2 46.4 51.8 62.7 68.2 79.4 109.3 GOLD ASSAYS. 0.1 0.4 2.9 6.3 10.9 12.3 17.0 19.6 29.2 36.0 0.3 0.4 2.8 6.3 11.1 12.3 17.1 19.7 29.2 35.9 43.1 45.4 52.0 62.1 68.3 79.0 108.7 '46.'3 51.4 62.5 68.0 79.1 108.9 997.5 862.5 955.0 970.0 888.0 805.0 967.5 835.0 709.0 689.0 47.0 304.0 79.0 766.0 362.0 731.0 495.0 148.3 179.0 194.1 208.3 308.4 439.9 510.1 515.0 537.7 571.6 605.3 642.6 711.2 716.0 758.9 870.6 978.0 Gold fineness. 148.4 179.1 194.3 208.3 308.8 440.0 510.0 515.1 537.8 570.4 606.9 643.0 710.2 716.1 759.0 870.5 978.4 148.3 179.0 194.7 208.6 308.5 439.8 509.6 514.9 536.8 571.4 606.7 643.8 710.7 716.0 759.0 870.2 978.0 Silver fineness. 148.4 372.0 695.0 771.5 416.0 149.0 190.0 236.0 171.0 227.0 185.0 129.0 257.0 3.0 222.0 216.0 27.0 17.0 195." 6 308.6 440.0 509.6 515.2 537.1 571.0 606.8 642.7 711.7 715.9 759.1 871.4 T A B L E I I I . — A S S A Y S OF A SINGLE SHIPMENT. office. Mint. Gold 843.4 843.4 843.4 843.2 843.2 843.1 fineness. Silver fineness. Gold fineness. Silver fineness 843.0 843.0 843.2 843.1 843.0 843.3 Assay office. Mint. Assay office. Mint. office. Mint. office. Mint. 860.9 860.9 860.8 860.9 860.9 862.5 862.3 862.5 862.6 862.5 862.5 863.6 863.6 863.6 863.3 863.6 863.6 863.4 863.5 863.4 863.6 863.6 863.6 864.8 864.6 864.6 865.0 864.5 864.7 864.4 864.9 864.7 864.7 151.5 860.3 860.6 860.6 860.7 860.7 .860.7 135 134 132 131 Assay office. Mint. office. Mint. Assay office. M i n t . 874.9 874.9 875.1 874.9 874.7 874.9 878.2 878.3 878.3 878.3 877.8 878.2 880.1 880.1 880.2 880.2 880.0 880.0 office. Mint. office. Mint. 870.5 870.6 870.6 870.5 870.6 870.6 870.8 870.9 870.9 870.6 870.8 870.8 873.5 873.6 873.6 873.4 873.5 873.7 125 T A B L E IV.—COMPARISON 862.6 862.5 862.5 862.6 862.5 862.6 873.2 873.9 873.6 873.7 873.5 873.4 122 874.9 874.9 874.7 874.7 874.7 874.7 120.5 878.1 878.2 878.3 878.2 878.2 878.1 117 879.9 880.0 880.2 880.1 880.2 880.1 116.5 B E T W E E N ASSAY OFFICE, M I N T , AND B U R E A U . GOLD FINENESS. Assay office Mint Bureau Highest Lowest Difference ' 736.6 736.4 736.5 736. 5 735. 4 735. 4 735.1 735.9 735.9 736.0 736.1 736.1 736. 6 735.1 1.5 807.5 850.2 853.1 866.8 868.3 807.6 850.3 853.4 867.0 868.0 866.5 868.4 866.6 868.6 807.2 849.1 852.6 865.7 867.5 806.7 849.4 852.7 865.2 866.9 807. 3 849.9 852.5 865.9 867.5 807.1 850.2 852.5 866.3 867.5 807.4 850.1 852.7 866.8 867.9 807. 5 850.1 853.0 866.6 867.5 807.5 850.2 853.1 866.7 867. 8 807. 5 850.0 852.9 866.8 867.7 807.6 850.3 853.4 867.0 868.6 806.7 849.1 852.5 865.2 866 9 0.9 1.2 0.9 1.8 1.7 876.4 875.7 875.1 875. 4 875.9 875.9 875-8 875.9 876.4 875.1 1.3 DIRECTOR OF THE M I N T . 279 T A B L E IV.—COMPARISON B E T W E E N ASSAY OFFICE, MINT, AND B U R E A U — C o n . SILVER FINENESS. Silver fineness .T 179.0 181.0 133.0 142.0 127.0 112.0 120.0 GOLD FINENESS. Assay office 878.2 879.1 884.0 886.0 892.8 897.4 899.5 879.1 884.1 885.5 892.5 897.3 899.2 884.0 878.2 Mint 877.'6 877.6 877.7 877.8 878.2 878.1 878.3 878.4 878. 4 877.6 0.8 Bureau Highest Lowest Difference .: 878.3 878.6 878.5 878.8 879.2 879.2 879.4 879.1 879.4 878.3 1.1 883.9 883.7 883.0 883.9 883.6 883.7 883.7 883.8 883.6 884.1 883.0 1.1 885.0 885.4 885.2 885.3 885.7 885.5 885.9 885.9 886.0 885.0 1.0 891.7 891.9 891.7 892.0 892.6 892.8 892.1 892.1 892.8 891.7 1.1 896.4 896.2 896.6 896.8 897.2 897.1 897.1 897.3 897.4 896.2 1.2 898.8 897.8 898.9 898.0 898.7 898.7 898.6 898.8 899.5 897.8 1.7 117.0 115.0 113.0 109.0 88.0 99.0 95.0 SILVER FINENESS. Silver fineness Even when properly prepared such bars are likely to be troublesome, but when, as not infrequently happens, the slimes are not properly purified before being melted into bars, they may give no end of trouble. A very mild case of variation in cyanide bars is shown in Table V. As received,' these bars were chipped and the chips assayed. Since the figures thus obtained were considerably higher than the shipper's figures, the bars were then carefully bored and the borings assayed. Finally, the bars were remelted, with small losses in each case, and granulations taken. The granulations were then assayed. T A B L E V.—ASSAY OF CYANIDE B A R S . G0L]3 FINENESS. Chips Borings . . Granulations 394.1 392.7 392.0 392.0 394.0 392.1 393.5 393.4 393.6 381.6 383.2 381.3 383.4 381.6 381.3 382.6 382.3 382.8 382.2 380.7 381.7 381.5 383.4 380.7 381.5 382.0 382.7 382.4 383.2 381.6 381.8 381.5 382.8 381.6 381.5 381.8 382.5 381.2 381.4 440.8 440.9 440.3 440.4 440.8 440.3 440.7 440.4 440.1 440.1 370 370 357 393.8 SILVER FINENESS. Silver fineness 370 " 370 Table VI exhibits the results obtained by sampling three cyanide bars, high in gold and very low in silver, in three different ways. The assays show a wide variation on the chip samples. While the drill-sample assays are fairly concordant for this class of material, the dip-sample assays agree much better and are to be preferred. 280 REPORT ON THE FINANCES. T A B L E V I . — A S S A Y OF CYANIDE BARS. [Sampled in three ways.] GOLD F I N E N E S S . ^ Chips 833.1 Drills. Dips. Silver Weight. fineness .... .. 828.1 830.7 842.1 834.6 833.7 832.7 835.5 835.4 , 834.6 834.1 834.8 834.2 835.3 834.8 834.1 834.5 834.7 834.6 834.5 863.3 866.2 869.6 864.2 864.2 865.8 867.4 867.0 866.6 865.9 866.6 867.1 866.1 865.2 866.9 5.5 8.0 841.9 845.2 839.1 845.5 845.3 845.0 845.4 844.4 845.5 845.7 845.1 844.9 846.5 845.0 843.4 8.0 1,169.06 oz. 1,228.40 oz. 1,171.16 oz. An assay office had received a cyanide bar which showed 546, 545.5, 546.2, 546 fine in gold. This was considered satisfactory, and it was shipped to a mint, but the chip samples there yielded most varying resiilts, as follows: 544.6, 535.2, 543, 535, 542.4, 555.6. The bar was then remelted, and granulations showed 550.2 and 551.2. Another cyanide bar received at the same assay office from the same mill showed 592, 593.9, 592.9, 593.3 fine in gold, and was accepted. It was shipped to the same mint, where chips showed 603.6 and 590, while borings showed 588 and 588.6. The bar, which weighed 559.65 ounces Troy, was remelted, with a loss of 1.78 ounces, and granulations from the melt showed 601.8 and 601.8 fine in gold. Having had a great deal of trouble with some bars from this mill, while others gave but little trouble, the assay office gave one of the bad bars a very thorough treatment by melting and refining in the pot. As received, the bar weighed 643.30 ounces Troy, and was probably about 847 fine in gold. It was melted seven times, when it weighed 502.01 ounces, showing a loss of 141.29 ounces in weight. The final bar was 933.4 fine in gold and 21 fine in silver. The gold loss from this excessive course of meltings was only approximately 3.75 ounces, most of which could undoubtedly be recovered from the slags. The details of the meltings are shown in Table VII. It should be noted that the fourth melt shows practically no refining, and the weight was only slightly reduced, 80 that no practical change is shown in the ^assays. 281 DIRECTOK OP T H E M I N T . T A B L E V I I . — C Y A N I D E B A R , MELTED S E V E N T I M E S . [Original weight, 643.3 ounces Troy.] Gold fineness. . . . . . 8 4 7 . 0 847.0 847.2 846.6 848.0 846.3 847.8 844.6 847.6 847.6 868.1 868.3 867.1 868.8 865.8 866.7 866.1 866.6 866.8 867.5 869.2 869.1 867.9 867.4 . . . .877.3 877.3 877.3 879.4 875.7 876.6 873,8 875.8 877.4 878.7 876.7 877.3 876. 6 876.8 875.4 877.5 878.9 874.6 879.2 874.1 876.0 865.7 875.4 875.2 877.0 878.9 First melt, 657.22 ounces Second melt, 544.46 ounces es s Third melt, 536.44 ounces Third melt, 536.44 ounces... Fourth melt, 535.55 ounces.. Fifth melt, 511.88 ounces Sixth melt, 504.82 ounces Seventh melt, 502.01 ounces. Qold fineness. ..877.8 879.4 863.4 877.7 875.7 876.9 .878.3 878.7 879.0 871.4 877.5 86L6 877.1 878.0 875.8 879.5 870.2 879.0 876.1 877.5 876.9 878.0 87L7 875.7 879.0 879.0 .916.8 917.3 916.9 917.6 917.6 916.8 917.1 916.9 .928.6 928.6 929.2 928.8 929.4 928.6 930.0 928.8 933.5 933.3 933.2 933.4 933.3 933.7 933.7 933.4 From an extensive series of tests made at the San Francisco mint it was found that, as a rule, in the cyanide bars from several California plants the chip samples taken from t h e outside of the bars would be about 2.5 fine less in gold than the borings when taken away from the edges of the bar, and that the borings gave satisfactory samples of the bars. Thirteen miscellaneous deposits were united in a mass melt and cast into 17 bars, weighing 2,841.77 ounces. * Each bar was chipped twice and each chip was assayed in duplicate for gold. The following table shows the number of times the stated fineness was obtained: TABLE V I I I . — M A S S MELT ASSAYS. Fineness. 405.0 405.2 405.4 405.6 405.8 Number. 1 4 Fineness. Number. Fineness. Number. 406.0 406.2 406.4 406.6 406.8 3 5 3 7 3 407.0 407.2 407.4 407.6 407.8 8 6 8 2 5 Fineness. • 408.0 408.2 408.4 408.6 408.8 Number • 5 4 3 1 The average of the 68 assays showed the mass to be 407.16 fine in gold. When made from the highest, grade of metals bur coin gold, 900 gold and 100 copper, does not segregate. The gold used may contain a very small amount of silver, b u t should be as free as possible from all other impurities, and the copper should be of the highest purity possible. Occasionally, in practice, however, there will be some segregation due to some impurities present in minute amounts. On one occasion an inside strip cut from a double eagle was assayed six times and yielded the following gradually decreasing figures: 900.2, 900.1, 899.9, 899.85, 899.5, 899.45. On another 282 REPORT ON T H E FINANCES. occasion a double eagle was cut as indicated in fig. 1 and the following results were obtained: Gold fineness. A. Bureau 899.12 899.45 899.20 899.45 899.4 899.4 899.5 899.5 -. Mint B. 900.47 900.38 C. 899.89 899.85 D. 899.70 899.58 900.2 900.5 900.2 One of our most annoying and yet very interesting and instructive cases was a lot of foreign coin gold, the product of a mint which is very careful in the manufacture of its coins. Twelve deposits of this material were received at the Philadelphia mint from the New York assay office. I t was supposed to be 916J fine in gold, the balance being copper, and very uniform in composition, but the New York assays showed considerable variation. At Philadelphia one man assayed each deposit in duplicate, and he was checked by another man with a single assay, as shown in Table I X . TABLE I X . — F O R E I G N COIN GOLD ASSAYS. GOLD FINENESS. First assayer Second assayer 917.6 916.4 916.4 917.6 917.5 917.1 915.6 917.3 917.6 914.7 917.0 917.0 918.3 917.9 917.9 917.8 917.9 917.5 917.3 917.3 917.5 916.8 916.9 917.1 917.2 917.3 917.7 917.3 916.5 916.3 917.2 916.3 916.0 915.8 915.4 916.-0 This bullion was diluted with copper to bring it down to the United States standard. While our standard is 900 fine, and this law allows a variation of one one-thousandth up or down, so that legally the coins may run from 899 to 901 fine in gold, yet the working limits adopted at the mints are much narrower than the legal limits, and generally no gold ingots are passed by the assayer below 899.7 fine nor above 900.2 fine. I n making ingots from this metal an unusual number of melts had to be rejected and remelted for want of uniformity. I t was expected that the coins made from this bullion would run low, b u t none of those regularly tested did. I n fact, two from one delivery were most unusually high, viz, 900.6 and 900.7. Thereupon 12 coins were selected from the same delivery and 46 assays were made upon them, with the following results: 3 assays 3 assays 5 assays 4 assays 7 assays showed showed showed showed showed Gold fineness. 899.7 899.8 899.9 900.0 900.1 3 assays showed 11 assays showed 5 assays showed 4 assays showed 1 assay showed Gold fineness. 900.2 900.3 900.4 900.5 900.7 4.6 The trouble with this metal undoubtedly arose from the presence of a small amount of some impurity causing a segregation of the gold, b u t enough work to decide what this was could not be given to the matter. In a similar case, with a different highgrade foreign coin gold at the San Francisco mint, the trouble was traced to the presence of a minute amount of antimony. I n order to get a much wider range of comparison, and to test the influence of the different metals and of various combinations upon the gold assay, a series of samples was prepared in the bureau laboratory and sent out to various laboratories in the service for assay. I n preparing the samples the metal was thoroughly mixed by stirring when molten and remelted as often as appeared necessary. They were finally cast into small bars, and when sufficiently ductile were rolled out thin. The strips were cut into small squares, and these were mixed up and the samples for each institution taken out of the mixed pile of pieces. I n the case of the brittle bars, they were hammered out and rolled until they crumbled to pieces. The larger pieces were then cut up, and the whole mixed before the samples were taken out. All through the preparation of the samples very great care was exercised, so that in each set every sample sent for assay should be identical, and thus eliminate from the DIRECTOR OF THE MINT. 283 assay results all chances of differences being due to differences in the samples operated upon, and to confine the differences shown to the actual assay work. In one very base sample, which will be further noted, it was not possible to adhere to this rule because the metal was too hard. In making such small melts it is practically impossible to adhere to any predetermined composition with any degree of closeness. The first sample sent out was gold about 105finein silver and about110finein copper; seventy-one assays of this sample were made in 9 laboratories, with theJ following results: Gold fineness. 884.-1 884.2 884.3 884.4 884.5 884.6 3 assays showed 3 assays showed 6 assays showed 6 assays showed II assays showed 14 assays showed 19 assays showed 7 assays showed 3 assays showed Gold fineness. ;. 884". 7 884.8 884.9 71 The averages obtained in the different laboratories were: Gold fineness. Gold fineness. Gold fineness. 884.271 884. 433 884. 438 884.517 884. 517 884. 631 884.663 884.738 884.788 A sample approximately 500 fine in silver, 110 fine in copper, and 50 fine in lead was assayed sixty-four times in 9 laboratories, with the following results: 2 assays showed 7 assays showed 11 assays showed 7 assays showed 2 assays showed 3 assays showed 7 assays showed 9 assays showed : Gold fineness. 340.9 341.0 341.1 341. 2 341.3 341.4 341.5 341.6 3 assays showed 5 assays showed 3 assays showed 4 assays showed 1 assay showed Gold fineness. . 341.7 341.8 341.9 342.0 342.1 64 The averages obtained in the different laboratories were: Gold fineness. Gold fineness. Gold fineness. 341.016 341.038 341.150 341.163 341.467 341.520 341.600 341.863 341.913 Two samples were both about 25 fine in mixed base metals, while one was approximately 360 fine in silver, and the other was about 450 fine in silver. The first sample was assayed sixty-one times in 9 laboratories, with the following results: I assay showed 4 assays showed 3 assays showed 9 assays showed 8 assays showed. 6 assays showed 9 assays showed ^ Gold fineness. 617.6 617.7 617.8 618.0 618.1 618.2 618.3 6 assays showed 4 assays showed 9 assays showed 2 assays showed 61 • The averages obtained in the different laboratories were: Gold fineness. Gold fineness. Gold fineness. 617.725 618.025 618.138 618.233 618.283 618.320 618.388 618.467 618.480 Gold fineness. 618.4 618.6 618.6 618.7 284 REPORT ON THE FINANCES. The second sample was assayed sixty times in 9 laboratories, with the following results: Gold fineness. 628.6 628.7 628.8 528.9 529.0 529.1 529.2 4 assays showed 7 assays showed 3 assays showed 3 assays showed 4 assays showed 7 assays showed 12 assays showed 10 assays showed 7 assays showed 2 assays showed 1 assay showed Gold fineness. 629.3 629.4 529.5 529.6 60 The averages obtained in the different laboratories were: Gold fineness. Gold fineness. Gold fineness. 528.671 528.800 628.963 529.175 529.238 529.250 529.267 529.283 529.300 Having on hand some ferruginous bullion, I attempted to prepare a sample for this work, but experienced considerable difficulty in getting a satisfactory metal, owing to the separation of magnetic globules on solidification. By melting several times with niter I finally obtained a sample that did not show visible segregation, and it must have been close to saturation with iron. It was about 763 fine in gold and 185 fine in silver, so that the entire base metals, including the iron, were only about 52 fine. This sample was assayed forty-seven times in 9 laboratories, with the following results: Gold fineness, 762.9 763.0 763.2 763.3 763.4 763.5 763.6 2 assays showed 6 assays showed 3 assays showed 6 assays showed 6 assays showed 4 assays showed 2 assays showed 9 assays showed 4 assays showed 6 assays showed 2 assays showed 47 Gold fineness. 763.7 763.8 763.9 764.0 ' . The averages obtained in the different laboratories were as follows: Gold fineness. Gold ' fineness. Gold fineness. 762.975 763.175 763.300 763.417 763. 467 763.500 763.683 763. 700 763.833 It having been supposed that much of the difficulty with cyanide gold bars was due to the zinc left in the slimes and going into the bars, a sample was prepared which was nearly 590 fine in gold, about 245 fine in silver, slightly over 130 fine in zinc, and containing a little copper and very little lead. This sample was assayed fifty times in 8 laboratories, with the following results: 1 assay showed 3 assays showed 4 assays showed 3 assays showed 7 assays showed 7 assays showed 9 assays showed. • , Gold fineness. 588.9 6 assays showed 589. O 2 assays showed 589.1 5 assays showed 589.2 3 assays showed 589. 3 589. 4 50 589.5 The averages obtained in the different laboratories were as follows: Gold fineness. Gold fineness. 589.040 589. 400 589. 400 589.417 589.475 589. 483 Gold fineness. 589.667 689.800. Gold fineness. 689.6 589.7 589.8 589.9 285 DIRECTOR OF T H E M I N T . A simple inspection of these results shows very clearly that zinc alone does not materially militate against agreement in the assay work itself, and if it is the cause of the trouble with cyanide bars it must be owing to its causing segregation, and thus preventing the proper sampling of the bars b y chipping or boring. Other elements may also b e active in producing segregation in such bars, either b y themselves or through combinations with the zinc or other metals present. A low-grade and very base bar along this line was prepared to run about 100 fine in zinc, 200 fine in copper, and 50 fine in lead. I t was about 268 fine in gold and 370 fine in silver. This bar was very hard, and it was impossible to prepare identical samples for the various laboratories. I t was simoly cut into pieces and a piece sent to each institution. This sample was assayed forty-four times in 8 laboratories, and while the difference between the highest and the lowest result is only 1.7 fine, yet the results are scattered all along through the range, and there is only a slight concentration of the results about one point. This is, of course, due in part to the fact that the samples assayed were not identical. The results obtained were: 1 assay showed 3 assays showed..., 6 assays showed 6 assays showed 4 assays showed 3 assays showed. 3 assays showed..' 3 assays showed " ' Gold fineness. 268.0 268.1 268.2 268.3 268.4 268.5 268.6 268.8 1 assay showed 4 assays showed 3 assays showed 1 assay showed 3 assays showed 3 assays showed * Gold fineness. 268.9 269.0 269.1 269.3 269.6 269.7 44 I t has long been known in a practical way that the presence of arsenic in a gold bullion prevents any agreement in the assays. Fortunately, however, the presence of arsenic very plainly reveals itself in the melting of the bullion, and when found the melter pro(;eeds to refine the bullion in the pot, and ultimately removes i t very completely before the bullion can be accepted. Three test samples containing arsenic were prepared, and they yielded most astonishing and interesting results. The first sample was approximately 785 fine in gold, 107.5 fine in silver, 100 fine in copper, and 7.5 fine in arsenic. This is only a small proportion of arsenic, and yet it completely prevented any agreement whatever in the assay results. This sample was assayed sixty-five times in 10 laboratories. The lowest result obtained was 779.7 fine in gold, and the highest 792.4, with an extreme difference of 12.7 in the fineness. Moreover, there is the utmost divergence in the results as well as no agreement whatever; 30 results were obtained only a single time each, 11 only twice each, 3 only three times each, and only a single result was obtained four times. I n only three instances did one laboratory obtain the same result twice. A sample approximately 675 fine in gold, 200 fine in silver, 100 fine in zinc, 24 fine in lead and copper, and only 1 fine in arsenic yielded a trifiing better set of results, but still very widely divergent. This sample was assayed sixty-two times in 10 laboratories. The lowest result obtained was 671.4 fine in gold, and the highest 681.4, showing an extreme difference of 10 in the fineness; 31 results were obtained a single time only, 10 only twice each, 2 only three times each, and only a single result was obtained five times. I n three instances one laboratory obtained the same result twice, and in one case a laboratory obtained the same result three times. I t would appear, however, that the influence of arsenic upon the assaying of highgrade bullion containing only trifling amounts of base metals is far less injurious. While the results on a sample running approximately 865 fine in gold, 130 fine in silver, 1 fine in arsenic, and only 4 fine in other base metals can not be considered satisfactory, yet they are very much better than those yielded by the other two arsenical bullions. This ample was assayed fifty-three times in 9 laboratories, with the following results: I assay showed 1 assay showed 2 assays showed 2 assays showed 2 assays showed 2 assays showed 3 assays showed 4 assays showed 8 assays showed 2 assays showed 4 assays showed '. Gold fineness. 864.1 864.3 864.4 864.7 864.8 865.0 865.1 865.2 865.3 865.4 865.5 1 assay showed 3 assays showed 4 assays showed 3 assays showed 5 assays showed 2 assays showed 3 assays showed 1 assay showed 63 Gold fineness. 865.6 865.7 ' 865.8 865.9 866.0 866.1 866.2 866.6 286 REPORT ON THE FINANCES. The averages obtained in the different laboratories were: Gold fineness. Gold fineness. Gold fineness. 864.933 865.183 865.200 865.233 865.286 865.300 865.500 865. 517 865.717 As in so many other directions, antimony behaves similarly to arsenic in assaying gold bullion," but its influence is not so pronounced. A sample of bullion approximately 723 fine in gold, 245 fine in silver, 1 fine in antimony, and 31 fine in mixed base metals, copper, lead, zinc, was assayed forty-six times in nine laboratories. The lowest assay obtained was 721.3, and the highest 725.1, showing a range of 3.8 in the~ fineness. However, 24 of the results, or just over a half, ranged from" 722.8 to 723.9 fine, and outside this range only two results were obtained more than a single time. Finally, some of our gold coin was melted up and assayed one hundred and seven times on identical samples in 5 laboratories, with the following results: 6 assays showed 10 assays showed 26 assays showed 28 assays showed ' Gold fineness. 899.6 899.7 899.8 899.9 32 assays showed 5, assays showed 107 Gold fineness,' 900.0 900.1 The actual average of this sample is 899.879 fine in gold. With these results as a basis, the investigation of the subject is being continued with the hope of ascertaining the causes of the variations shown and improving the agreement in the'results attained. It is, for instance, well known that gold cornets are not pure gold. They always carry some silver, and I have never failed to find copper in them when tested for with great care. On several occasions I have found lead present on testing the silver nitrate solution from parting a large number of cornets at one time in a platinum basket. The amounts of these base metals present in the cornets are, of course, quite small, and their influence is corrected by the proof assay, in the same way that it corrects for the silver l^ft in the cornets. I am, however, carrying on a series of quantitative determinations of base metals present in gold cornets, the results of which I hope to publish at some future date. Again, it is assumed that the proof furnishes a very close correction for the assays, but it is evident that the proofs themselves must be subject to variations and it is known that cupels containing proofs and touching each other in the furnance may show appreciably different results. A very large collection of proof figures is being made for the purpose of studying this question. Also the question of absorption of the precious metals by the cupel is most important and is being investigated. PROCEEDINGS OF THE ASSAY COMMISSION, 1909. The following-named gentlemen are hereby designated as commissioners to test and examine the weight and fineness of the coins reserved at the several mints during the calendar year 1908, pursuant to the provisions of section 3547 of the Revised Statutes: Hon. William E . Borah, United States Senate; Hon. George E. Roberts, Chicago, 111.; Hon. William H . E d m u n d s , Yankton, S. Dak.; Dr. S. Weir Mitchell, Philadelphia, P a . ; Prof. Leverett Mears, Williams College, Mass.; Mr. Ambrose Swasey, Cleveland, Ohio; Mr. Gardner F . Williams, Washington, D. C ; Mr. James H . Manning, Albany", N. Y.; Mr. Farran Zerbe, Tyrone, P a . ; Mr. John E . Wilkie, Washington, D. C ; Mr. Joseph Auld, Burlington, Vt.; Mr. H . W. Child, Helena, Mont.; Mr. William. J. McCaughey, Washington, D. C ; Mr. George M. Root, Sioux Falls, S. Dak.; Mr. J. A. Cauldwell, WilkesBarre, P a . ; Hon. Ira W. Wood, House of Representatives; Mr. John Hays Hammond, New York, N. Y.; Hon. Pearl Wight, New Orleans, La.; Mr. J . B . Tiffany, New York, N . Y . ; Dr. William Sturgis Bigelow, DIRECTOR OF THE M I N T . 287 Boston, Mass.; Hon. William D. Bynum, Muskogee, Okla.; Mr. Truxton Beale, Bakersfield, Cal. (Dr. H. G. Torrey, ex officio member.) The commission met at the mint at Philadelphia on February 10, 1909, and Hon. Ira W. Wood was elected chairman. The following committees were appointed by the chairman with the approval of the commission: Committee on counting.-—Mr. Tiffany, chairman; Messrs. Manning, Zerbe, Auld, Cauldwell, and Child. Committee on weighing.—Doctor Bigelow, chairman; Messrs. Wilkie, McCaughey, and Bynum. Committee on assaying.—Professor Mears, chairman; Messrs. Williams, Mitchell, Swasey, Root, and Torrey. The committee on counting reported that the packages containing the pieces reserved by the several mints for the trial of coins were delivered to them, and that they were compared with the transcripts kept by the Director of the Mint and found to be correct. After verification the coins were delivered to the committees on weighing and assaying. The coins reserved by the mints for the purposes of the assay commission were as follows: Gold coins from.the mint at Philadelphia, 6,397, of the value of $99,205. Silver coins from the mint at Philadelphia, 8,102, of the value of $1,400.05. Gold coins from the mint at San Francisco, 164, of the value of $1,450. Silver coins from the mint at San Francisco, 2,827, of the value of $671. Silver coins from the mint at New Orleans, 6,697, of the value of $2,210. Gold coins from the mint at Denver, 2,212, of the value of $31,540. Silver coins from the mint at Denver, 8,279, of the value of $1,918. The coins reserved on account of coinage executed for the Philippine Islands were as follows: Mint at Philadelphia: Pesos 50 centavos 20 centavos 10 centavos Mint at San Francisco: Pesos. 50 centavos 20 centavos 10 centavos Pieces. 1 1 I 1 10,478 801 768 1,682 The committee on assaying reported receiving and making assays of coins reserved from the mints at Philadelphia, San Francisco, New Orleans, and Denver, representing the deliveries made by the coiners to the superintendents during the calendar year 1908. The highest assay value of the gold coinage (the limit of tolerance being one one-thousandth) was at— Philadelphia San Francisco Denver 900.5 900.1 900.2 The lowest assay value of the gold coinage (the limit of tolerance being one one-thousandth) was at— Philadelphia San Francisco Denver : : 899.7 899.8 900.0 288 REPORT ON THE FINANCES. The highest assay value of the silver coinage (the limit of tolerance being three one-thousandths) was at— Philadelphia San Francisco New Orleans Denver .^ : : 900.2 901.3 901.1 901.8 The lowest assay value of the silver coinage (the limit of tolerance being three one-thousandths) was at— Philadelphia San Franciscio. New Orleans Denver : 899.1 900.0 899.3 899.1 : The highest assay value ^ of the Philippine, silver coinage was at— San Francisco (pesos) San Francisco (subsidiary) : , 802.0 749.8 The lowest assay value of the Philippine silver coinage was at— San Francisco (pesos) San Francisco (subsidiary) 799.2 748.8 The committee also tested the quartation silver and found it free from gold, and the lead used in the assay of gold bullion 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 reported the assays as entirely trustworthy, and that none of the coins tested differed from the standard of fineness by a greater degree than the amount allowed by law. The committee on weighing respectfully reported examining sample coins selected at random from those reserved by the several mints. The weighing was made on a balance by Henry Troemner, of Philadelphia. The weights employed were furnished under seal by theDirector of the Bureau of Standards, and were accompanied by a certificate, stating their variations in mass from the standards fixed by law. The balance was carefully tested and,found to be sufficiently accurate without making corrections. The secondary troy pound of the mint was compared with the standard pound and found to be correct within 1 part in 350,000. Three separate pounds built up of working weights of the mint were found to be correct within 1 part in 50,000. The details of the weighings indicated that the deviations from the statutory standard weights of the coins examined were all within the legal tolerance, consequently the committee on weighing pronounced the examination of the weights of the cioinage of the several mints during the year 1908 to be satisfactory. The committee on resolutions submitted the following: Recognizing that the national coin collection in the mint at Philadelphia is a serious educational institution, and that it is one deserving of greater financial aid that it may be made more complete and instructive, and that it is now inconsiderable, except in the coinage of the United States, when compared with coin collections of many countries, be it Resolved, That it is the sense of the members of the Annual Assay Commission of 1909 that the mint coin collection should be made as complete as possible; and that since there are over 100,000 visitors to the mint annually, many of whom, we believe, a By the act of June 23, 1906, the standard fineness of the Philippine peso was reduced to 800.0 and the subsidiary coins to 750.0 fine. 289 DIRECTOR OF T H E M I N T . would purchase a mint souvenir in the form of an artistic medal if they knew that the profits from the sale of such medal would be devoted to the improvement of the coin collection, it is Recommended that a medal, of a different design each year, be made and offered for sale, to visitors, and that the profits derived from the sale of such medal be devoted to the improvement of the national coin collection. We further believe that the striking of this medal should be made close to public view, thus demonstrating the process of coining better than the distant view the visitors now have of the coining operations; and that medallic art effects not practical in our coinage could be produced in a medal. Inasmuch as medals and medalettes have been sold to visitors at the mint for many years, the profits from which have not served a public purpose, it is believed that these resolutions can be made operative without congressional action. And be it further Resolved, That the thanks of the members of the Assay Commission of 1909 be extended to the Director of the Mint, and to the superintendent, officers, and employees of the Philadelphia mint for their many courtesies during the session. MINT OF THE UNITED STATES AT PHILADELPHIA, PA. The following table shows by weight and value the gold and silver deposited during the fiscal year 1909: ^. Gold Silver Metal. Deposits. : • Total Redeposits. 3,156 656 2,366 226 3,8n 2,692 Standard ounces. 1,561,634.174 3,838,417.69 Coinage value. $29,061,798.69 4,466,622.29 33,518,320.98 Of the above amount of silver bullion 5,769.45 ounces standard are the surplus bullion recovered by the melter and refiner in his operations during the fiscal year 1908, and of the above amount of ^old bullion 475.511 ounces standard are the surplus bullion recovered by the melter and refiner in his operations during the fiscal year 1909. A S S A Y E R ' S DEPARTMENT. The number of assays made in this department was as follows: Deposits and purchases Ingots (gold and silver) Refinery Special assays Sweeps assays - Total 31,992 6,042 0,220 1,163 430 47,847 In addition to this, 350 ounces of proof gold and 475 ounces of proof, silver were made. Of the 417 melts of gold ingots made by the melter and refiner, 384 were passed; 33, while within the standard fineness required by law, were returned for remelting. No melts were condemne(i. There were 1,839 melts of silver ingots made, of which 1,831 were passed, 6 returned for remelting, and 2 condemned. The fineness of gold melts passed was: 4 melts at 22 melts at 79 melts at 99 melts at 146 melts at 26 melts at 7meltsat I melt at 899.6 899.7 899.8 899.9 900.0 900.1 900.2 900.3 The fineness of silver melts passed was: 77 melts at 95 melts at 642 melts at 280 melts at 680 melts at 175 melts at 65 melts at 11 melts at • 6meltsat 1,831 13518—FI 1 9 0 9 - -19 898 8981 898^ 898f. 899 899J 899^ 899f 900 290 REPORT ON T H E FINANCES. MELTER AND R E F I N E R ' S DEPARTMENT. During the fiscal year the melter and refiner received from the superintendent gold bullion containing by assay 3,332,697.306 standard ounces, of the value of $62,003,670.81, his legal allowance for wastage being 3,332.697 standard ounces, of the value of $62,003.67He also received silver bullion containing by assay 10,868,012.24 standard ounces, of the value of $12,646,414.24, his legal allowance for wastage being 16,302.02 standard ounces, of the value of $18,969.62. He returned to the superintendent 3,333,172.817 standard ounces of gold and 10,862,727.65 standard ounces of silver. He operated upon bullion as follows: Items. Gold. Ingots Refinery : Total Silver. Standard oz 2,530,559. 040 1,668,892.456 Standard oz. 1,187,152.96 3,149,873.14 4,199,451. 496 10,337,026.10 The excess of gold and silver operated upon over the amounts charged during the year is due to duplicate operations. Upon the settlement of the melter and refiner's accounts, June 30, 1909, there was found an apparent gain upon the gold bullion during, the fiscal year of 475.511 standard ounces, and in the operations upon the silver bullion an apparent loss of 5,284.59 standard ounces. The melts made aggregate as follows: Melts. Gold. Silver . Bars. . . . . Total... Ingots. Anodes. Deposits. Special. Total. 188 903 417 1,839 1,024 3,405 624 371 5,405 3,366 1,091 2,256 1,024 4,029 371 8,771 During the fiscal year tw^o silver melts were condemned. N U M B E R , W E I G H T , AND VALUE OF GOLD AND SILVER B A R S FOR INDUSTRIAL U S E . Metal. Gold Silver . Total Bars. Standard ounces. 3,880 ^4,405 498,362. 797 1,051,597.95 8,285 Coinage value. $9,271,866.04 1,223,677. 60 10,495,543.64 During the year 183 barrels of sweeps were gathered, containing by assay 1,128.323 standard ounces of gold and 3,743.35 standard ounces of silver. There were 245 barrels of old sweeps reworked, containing by assay 1,619.100 standard ounces of gold and 3;698.87 standard punches of ^ilvQj", 291 DIRECTOR OF T H E M I N T . , The operations of the refinery were as follows: Bullion. Gold. Sent to the refinery 4,844,051.86 gross ounces, containing by assay.. Bullion received from refinery Sweeps a Apparent gain. Silver. Standard oz. 1,668,892.456 1,668,407.808 808.750 Standard oz. 3,149,873.14 3,145,002.79 2,587.91 a 324.102 b2,282. 44 b Apparent loss. Silver bullion sent to the refinery upon which refining charges were collected contained by assay 2,578,437.07 standard ounces, and silver owned by the Government and returned to the refinery for parting purposes upon which no parting charges were collected contained by assay 571,436.07 standard ounces. Troy ounces. During the year the melter and refiner received from the superintendent minor coinage metal 17,034,826.36 Delivered prior to settlement: Bronze'ingots Nickel ingots 11,739,311.50 3,777,560.40 15,516,871.90 Delivered in settlement: Ingot copper Nickel shot Zinc Zinc and tin alloy Bronze residue Nickelresidue Wastage .^... 813,822.91 615,013.00 3,191.00 31,757.00 2,752.00 553.00 50,865.55 1,517,954.46 • 17,034,826.36 C O I N E R ' S . DEPARTMENT. The coiner received gold, silver, nickel, and bronze from the superintendent during the fiscal year as follows: GOLD. Received from superintendent July 1,1908, to June 30,1909 Returned prior to settlement June 30,1909 Returned in settlement June 30,1909 Standard ounces. 2,340,380.115 2,241,793.164 98,526.759 2,340,319.923 Wastage in gold. .192 Received from superintendent July 1,1908, to June 30,1909 Returned prior to settlement June 30,1909 Returned in settlement June 30,1909 6,547,455.21 208,304.71 Wastage in silver. 6,756,883.29 6,765,759.92 1,123.37 Received from superintendent July 1,1908, to June 30,1909 Returned prior to settlement June 30,1909 Returned in settlement June 30,1909 3,400,706.58 361,596.90 3,777,560.40 3,762,303.48 Wastage in nickel. 15,266.92 COPPEE-BKONZE. Received from superintendent July 1,1908, to June 30,1909 Returned prior to settlement June 30,1909 Returned in settlement June 30,1909 8,226,285.41 3,479,566.10 11,739,311.50 11,704,851.51 Copper-bronze wastage. 34,459.99 292 REPORT ON T H E FINANCES. During the fiscal year ended June 30, 1909, this department received 2,340,380.115 standard ounces of gold, of which 2,242,109.995. standard ounces, of the value of $41,713,674,325, were operated upon, from which there were produced 1,060,116.222 standard ounces of coin of the value" of $19,723,092.50, all delivered to the superintendent during the fiscal year prior to the settlement, and 165.820 standard ounces of coin delivered to the superintendent at settlement upon which there was a wastage of 60.192 standard ounces, of the value of $1,119.85, being 5.14 per cent of the legal allowance. The percentage of coin producecl from the amount operated upon was 47.27 per cent. During the same period the coiner also received 6,756,883.29 standard ounces of silver, of which 6,568,728.99 standard ounces, of the value of $8,172,621.66, were operated upon, from which there wereproduced 3,816,614.92 ounces of coin of the value of $4,748,510 in subsidiary coin delivered to the superintendent duriiig the fiscal yeaT prior to settlement, and 19,969.79 standard ounces of coin delivered to the superintendent at settlement) upon which there was a wastage of 1,123.37 standard ounces of the value of $585.14, being 16.63 per cent of the legal allowance. The percentage of. coin produced from the amount operated upon was 58.41 per cent. There were also delivered to the coiner during the same period 3,777,560.40 ounces of nickel ingots, from which were produced 1,862,715.87 ounces of 5-cent pieces of the face value of $579,427.90, upon which there was a wastage of 15,256.92 ounces. During the same period the coiner also received 11,739,311.50 ounces of copper-bronze ingots, from which there were produced 5,323,326.90 ounces of 1-cent coin of the face value of $532,382.95, upon which there was a wastage of 34,459.99 ounces. Owing to experimental work in new gold coins during the past year the percentage of coin produced from the amount of metal operated upon is somewhat lower than otherwise would have been. The following table shows the coinage executed during the year: Denomination. Pieces. Value. GOLD. Double eagles Eagles Half eagles Quarter eagles - Total 317,610 526,311 1,179,115 884,883 $6,352,200.00 5,263,110.00 5,895,575.00 2,212,207.60 2,907,919 19,723,092.50 1,838,600 8,656,600 16,650)600 919,300.00 2,164,150.00 1,665,060.00 27,145,800 4,748,510.00 11,588,558 53,238,295 579,427.90 532,382.95 SILVER. Half dollars Quarter dollars Dimes - Total MINOR. 5-cent nickel pieces I-cent bronze pieces Total.. . Grand total - --- 64,826,853 1,111,810.86 94,880,672 25,683,413.35 293 DIRECTOR OF T H E M I N T . E N G R A V E R ' S DEPARTMENT. All the dies used in the coinage operations of all the mints of the United States are made in the engraving department at Philadelphia. The number of dies prepared for United States coinage last year was 2,230. In addition 408 dies were made for Philippine coinage, 17 for San Salvador, 61 for medals, and 156 master dies, hubs,* and experimental dies for the new gold and minor coinage. The following table shows the number of proof coins and medals and their nominal value manufactured during the fiscal year: Nominal value. Article. Gold medals Silver medals Bronze medals... Gold-proof coins. Silver-proof coins. Minor-proof coins 154 1,562 43,109 766 1,872 5,828 S4,542.86 1,308.06 9,764.99 6,837.50 530.40 174.84 Total 53,291 22,158.66 MINOR COINAGE. The manufacture of the 1-cent bronze and 5-cent nickel coins has, until this fiscal year, been confined to the Philadelphia mint. The Fifty-ninth Congress at its first session authorized the making of these coins at the other mints, and a few 1-cent bronze pieces were made during the fiscal year at the San Fra^ncisco mint. The coinage of minor coin during the fiscal year 1909 at the Philadelphia mint is shown in the following table: Denomination. Value. 1-cent bronze 6-cent nickel $532,382.95 579,427.90 No blanks for minor coinage were purchased during the fiscal year. The amount of metal purchased for the manufacture of minor coinage was 217,192 avoirdupois pounds, at a cost of $28,589.74. 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: Old copper cents Nickel 1-cent coins Bronze 1-cent coins Bronze 2-cent coins Nickel 3-cent coins Nickel 5-cent coins S200.82 677:70 30,431.60 338.90 578.73 192,339.00 : Total 224,566.76 Cost of nickel added to 1-cent metal to convert into 5-cent alloy for recoinage into nickel 5-cent coin : 25.39 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 4.56 Cost of metal of same alloy added to nickel 3-cent metal for recoinage into nickel 5-cent coin 9.36 Seigniorage (gain by recoinage) 3,324.34 Total 227,930.39 Coinage executed, nominal value: Bronze 1-cent coin Nickel 5-eent coin Loss by recoinage Balance, not recoined Total : $30,167.10 157,211.60 187,378.-70 10,666.69 29,885.00 227,930.39 294 REPORT ON T H E FINANCES. The seigniorage, or gain, on recoinage of minor coin was $3,324.34, as against a loss of $10,666.69, showing^ a net loss of $7,342.35. The seigniorage on the coinage of nickel and bronze coins coined from purchased metal was $830,877.04, which, less a net loss of $7,342.35 on the recoinage of minor coin and a wastage of the operative ofiicers in the minor coinage operations of $1,323.75, gives a net seigniorage on minor coin of $822,210.94. The total amount of the several types of minor coin manufactured at this mint from 1793, when the first coinage' of copper cents was made, until June 30, 1909, aggregated $53,819,274.52. There have been melted for recoinage $5,003,859.44, leaving outstanding June 30, 1909, $48,815,415.08, the product of this mint. The several types and (lenominations of minor coin issued, manufactured by the mint at Philadelphia since its establishment, the amount remelted, and the amount outstanding June 30, 1909, are set forth in the following table: MINOR COINS I S S U E D , R E M E L T E D , AND OUTSTANDING. Denomination. Coined. Copper cents Copper half-cents... Copper-nickel cents. Bronze cents Bronze 2-cent pieces Nickel 3-cent pieces. Nickel 5-cent pieces. Total : Remelted. ,^^'^-f^. $1,562,887.44 39,926.11 2,007,720.00 17,094,680.00 912,020.00 905,768. 52 31,296,272.45 802,835.55 348,458.16 339,667.82 • 282,668.86 2,849,686.60 $1,182,344.99 39,926.11 1,204,884.45 16,746,221.84 572,352.18 623,099.66 28,446,585.86 53,819,274.52 5,003,859.44 48,815,415. ( $380,542.45 Minor coins to the amount of $1,078,229.95 have been distributed throughout the States and Territories of the United States during the fiscal year 1909—$656,963.10 in nickel 5-cent pieces and $421,266.85 in bronze 1-cent pieces. The expenditure for the distribution of minor coin for the same period was $2,757.68. ALL SEIGNIORAGE. The seigniorage on the coinage of purchased metal for the fiscal year was $2,901,384.28, as shown b}^ the following table: Item. Corned. Subsidiary silver coins Minor coins Total Seigniorage. $3,586,510.00 1,111,810.85 $2,070,507.24 830,877.04 4,698,320.85 2,901,384.28 VISITORS. A large nuniber of visitors from all States of the Union and from foreign countries visited the mint during the year, 70,992 having , been shown through by the several guides. N U M B E R OF EMPLOYEES. The force of employees at the end of this fiscal year shows a reduction of 12 from the number carried on the rolls at the end of the previous fiscal year. The total number on the rolls at the close of the fiscal year was 460, distributed in the several departments as follows: DIKECTOE OF T H E Male. Department. General Assayer's Melter and refiner's Coiner's Engraver's .... --- .- 295 MIN*. •... .. -. . - .- Total Female. Total. 184 13 64 91 16- 43 1 48 227 13 65 139 16 368 92 460 PERCENTAGE OF L O S S IN MELTING DURING THE FISCAL Y E A R ENDED J U N E 30, 1909. s, kings Bars, 0.0085 0420 0487 6205 0439 '. Dust Retort Unretorted amalgam Miscellaneous MINT OF THE UNITED STATES AT SAN FRANCISCO, CAL. During the fiscal year ended June 30, 1909, one change was made among the operative officers of this mint, Mr. E. R. Leach becoming melter and refiner, on August 4, 1908, succeeding Mr. C. M. Gorham, who resigned. Mr. Gorham had given many years of faithful services to the Government, having been assistant coiner, and coiner, in this mint for over thirteen years, and melter and refiner for nearly seven years. The manufacture of United States minor coin was instituted at this mint during the year, and on November 27,1908, the first 1-cent pieces ever made at the San Francisco mint were delivered by the coiner to the superintendent. The 1-cent bronze pieces struck during the year amounted to $14,240. The following table shows by weight and value the gold and silver deposited during the fiscal year: Metal. Deposits. Redeposits. Gold SUver. . . . 7,544 4,988 233 Total 12,532 233 Standard ounces. 2,203,992.107 9,196,212.29 Coinage value. $41,004,504.31 • 10,701,047.02 51,705,551.33 Of the above amount of silver bullion 8,127,302.80 standard ounces of Philippine silver coin were received for recoinage for the government of the Philippine Islands. ASSAY DEPARTMENT. The following tables show the operations of the department for the fiscal year ended June 30, 1909: Gold assays Silver assays Sweep assays : ' Total Proof gold manufactured Proof silver manufactured Parting silver manufactured Cupels manufactured Leads cut and rolled 51,691 29,367 216 , ' 81,274 ounces.. . 200 ounces.. 500 ounces.. 2,500 ounces.. 100,000 ounces.. 100,000 296 REPORT ON THE FINANCES. Ingot melts were passed as follows: Melts. Fineness. Fineness. GOLD INGOTS. 899.6 899.7 899.8 899.9 900.0 900.1 900.2 900.3 Melts. SILVER INGOTS. 29 201 511 625 • 299 57 7 1 . T o t a l passed Condemned 1,73Q 5 Total made • 1,735 898.5 898.6 898.7 898.8 899.0 899.1 899.3 899.5 899.8 900.0. 900.2 31 155 2 122 6 138 87 73 32 2 I '. T o t a l passed Condemned 649 12 Total m a d e 661 P H I L I P P I N E COINAGE. Melts. Fineness. Subsidiary—Contmued. PESOS. 44 396 18 261 774 275 865 172 2,336 239 1,311 77 1,259 70 568 18 337 11 78 1 24 9 797.6 797.7 797.8 797.9 798.0 798.1 798.2 798.3 798.4 798.5 798.6 798 7 798.8 798.9 799.0 799.1 799.2 799.3 799.4 799.5 799.8 ...: . Passed Condemned 9,143 19 9,162 Total Subsidiary. FIFTY CENTAVO. 2 747.8 748.0 748.2 748.3 748.5 748.7 748.9 749.0 749.1 749.2 749.3 749.4 749.6 749.8 i f . • .. ,... Passed Condemned. Total Melts: Fineness. 7 16 69 60 71 32 7 22 1 12 4 I 305 4 309 TWENTY CENTAVO. 747.8 748.0 748.2 748.3 748.5 748.7.. 748.9 749.0.. 749.8 : .. •--.... Passed Condemned 8 4 13 5 10 3 3 3 I 50 0 Total 50 T E N CENTAVO. 747.8 748.0 748.2 748.3 748.5 748.7 748.9 749.0 749.2 749.4 749.8 : : • Passed Condemned Total - : 1 7 16 18 43 15 13 3 5 1 I 123 0 123 DIRECTOR OF T H E M I N T . 29Y MELTER AND R E F I N E R ' S DEPARTMENT. The melter and refiner received and operated upon gold and silver bullion during the fiscal year, as follows: GOLD BULLION. ReceivedKeceivea. Settlement bullion, August 4,1908 Settlement bullion, April 1.1909 Deposits Redeposits Clippings Comer's bars, coins, etc Standard ounces. 2,427,129.764 3,493,645.674 2,042,845.852 160,694. 546 2,112,889.860 1,008.610 Total Delivered: Ingots Fine bars Sweeps Settlement, March 31,1909 Settlement, June 30,1909 5,187,870.750 125,481.600 416.283 3,493,645.674 1,430,253.050 ^ 10,238,214.206 Total 10,237,667.357 Wastage 646.849 SILVER BULLION. Received: Settlement bullion, August 4,1908 Settlement bullion, April 1,1909 Silver purchase account San Salvador Philippine recoinage Deposits Redeposits Clippings United States coins for recoinage, etc : Total Delivered: Ingots Fine bars Sweeps Transfer to assay offices, etc..: Settlement, March 31,1909 Settlement, June 30,1909 3,391,204.88 2,844,691.80 557,148.53 8,127,454.70 419,048.96 48,200.49 7,509,666.61 35,441.44 22,932,857.31 -. 17,798,558.35 255,554.09 6,456.92 240.03 2,844,691.80 2,039,705.94 Total 22,945,207.13 Surplus 12,449.82 The same officer operated upon the following minor coinage metal: MINOR COINAGE METAL. Received: Copper account United States minor coinage Philippine coins, account Philippine Island recoinage Clippings Alloy (zinc and tin) Settlement bullion, April 1,1909 Total Delivered: Ingots Settlement, March 31,1909 Settlement, June 30,1909 Troy ounces. 583,333.32 648,632.20 508,661.04 • 43,545.82 455,383.78 2,239,666.16 1,316,474.60 455,383.78 461,796.03 Total 2,233,654.41 Wastage 5,901.75 INGOT M°ELTS M A D E . ConNumber. demned. Metals. Gold Silver Bronze . - . 1,729 10,850 943 5 38 298 REPORT ON THE FlNANCEl^. Bronze ingots for the coiiiage of American 1-cent pieces and Philippine 1-centavo pieces were made this year for the first time, no difficulty whatever being experienced in their manufacture. ^ REFINERY. The refinery operations were as follows: GOLD BULLION. Standard ounces. - 1,346,101.961 1,172.585.831 Sent to refinery: Bullion, no charges Crude bullion, with charges Total Returned from refinery: Fine gold Settlement metal 2,518,687.792 I 2,385,081.799 132,915.340 Total 2,617", 997.139 Wastage 690.653 SILVER BULLION. Sent to refiinery: Bullion, no charges... Crude bullion, with charges Total Returned from refinery: Mint fine silver Settlement metal 98,564.98 1,123,782.05 : - 1,222,347.03 1,141,330.83 88,047.09 . Total 1,229,377.92 Excess 7,030.89 In addition to the fine gold and silver produced, 90,459 troy ounces of electrolytic copper were recovered from the crude bullion and scrap copper used in the refinery operations. As this copper can be used for alloy for gold and silver coin, and as an arrangement has been made whereby the refinery will get credit for it, the production of electrolytic copper will be a source of considerable income for. the refinery. During the year we discarded the horizontal system of silver refining for the vertical, which we find very much cheaper and more satisfactory in every respect. All deposits of fine gold assaying less than 999 were sent to the refinery and rerefined. The large excess in silver is due to the recovery of silver from these deposits. SWEEP CELLAR. There were gathered in sweeps 292 barrels, containing 819.880 standard ounces of gold and 5,497.52 standard ounces of silver. C O I N E R ' S DEPARTMENT. During the fiscal year ended June 30, 1909, the coiner operated on 4,959,391.800 standard-ounces of gold, 17,568,001.39 standard ounces of silver, and 1,316,474.60 troy ounces of copper. He delivered to the superintendent during the same period 2,839,666.250 standard ounces of gold coin, valued at $52,831,000; 9,755,659.52 standard ounces of silver coin, valued at $16,627,114, and 796,502 troy ounces of copper coin, valued at $53,486.12. 299 DIRECTOR OF T H E M I N T . Of the above, 557,147.86 standard ounces in silver pesos were coined for the Government of San Salvador, and 8,775,739.16 standard ounces of silver coin, in pesos and subsidiary, and 654,102 troy ounces of copper were coined for the government of the Philippine Islands. The following table exhibits the coiner^ s deliveries for the fiscal year: Denomination. Gold: Double eagles Eagles Halfeagles " ' - Total Silver: Half d o l l a r s . . . . . . . . . Quarter dollars Dirri PS ., , . Total -. Pieces. Value. 2,540,000 162,100 82,000 $50,800,000 1,621,000 410,000 2,784,100 • 52,831,000 662,000 580,000 1,000,000 281,000 145,000 100,000 2,142,000 626,000 Minor: 1 cent 1,424,000 14,240 Total..- 6,350,100 53,371,240 : ; • SAN SALVADOR. Pesos. Silver: Pesos. 693,170 693,170 Silver: Pesos..; 50 centavos.. 20 centavos.. 10 centavos.. 14,546,944 1,092,000 705,000 1,740,000 14,546,944.00 546,000.00 141,000.00 174,000.00 Total . 18,083,944 15,407,944.00 Minor: 1 centavo 3,924,612 39,246.12 P H I L I P P I N E ISLANDS. Pesos. The number of pieces coined aggregated 29,051,826. The coinage of gold for fifty continuous working days amounted to $51,382,500. The percentage of coin produced from the amount operated upon waSf: Gold, 58.47; silver, 57.17; copper, 56.15. From the operation on gold there was an excess of 2.367 ounces and from the operations-on silver a wastage of 9,391.13 ounces, or 58.55 per cent of the legal allowance. A few months' trial of the new water-cooled rolling mill, which was installed during the year, has demonstrated t h a t this roll is a great improvement OVCT the old machines in lessening the vibration and noise, formerly so objectionable, and iii increasing the accuracy of the work. The continuous flow of water keeps the roll cool and at an even temperature, thus preventing the expansion t h a t was so hard to guard against under the old methods. The bronze coins manufactured^at this mint during the year were made on the silver presses. Two new presses for bronze coining are now being installed to handle this class of work. 300 REPORT ON T H E FINANCES. NUMBER OF EMPLOYEES. The total number of employees in this mint at the close of the fiscal year 1909 was 237, distributed as follows: Male. Department. General '. Assayers Melter and refiners Coiners - Total - - . . .. _. . . '. Female. Total. 85 14 61 38 38 86 14 61 * 76 198 39 237 1 The number of employees during the year approximated 311, but in June 26 men and 48 women were furloughed. VISITORS. During the year 51,038 visitors were shown through the mint. PERCENTAGE OF L O S S I N MELTING GOLD D E P O S I T S . Weight before melting. Kind of metal melted. Fiscal year ending June SO, 1907. Loss in melting. Gross ounces. 282,648.15 19,392.96 38,212.61 25,405.08 5,273.64 B ars and kings Dust. Retort Miscellaneous. Unretorted amalgarn Per cent of loss. Gross ounces. 293.74 661.72 1,972.84 830.45 3,585.97 0.00103 .03412 .05162 .03268 .67998 520.46 714.02 2,493.56 1,274.73 923.69 .00114 .03638 .05044 .01165 .59250 756.82 857.06 2,427.62 1,362.02 1,405.16 . 00107 .03918 .04995 .01727 . 56301 370,932.44 Fiscal year ending June SO, 1908. Bat^ p.Tid Vings 454,659.20 19,622.61 49,426.93 109,345.20 1,558.84 ... Dust Retort Miscellaneous Unretorted amalgarn -, -, 634,612.78 Fiscail year ending June SO, 1909. Bars and kings Dust Retort Miscellaneous Unretorted amalga,rn... 702,772.93 21,872.48 48,600.87 78,826.23 2,640.95 1 ..... 854,613.46 MINT OF THE UNITED STATES AT NEW ORLEANS, LA. The standard weight and value of gold and silver deposited at the mint during the fiscal year was as follows: Metal. Gold Silver . . Total . Deposits. Redeposits. 844 73 i 917 1 Standard ounces. 47,976.813 . 1,452,917.190 Coinage value. S892,573.14 1,690,667.26 2,583,240. 40 301 DIRECTOR OF T H E M I N T . There were purchased over the counter 2,745.417 standard ounces^ of uncurrent domestic gold coin, of the face value of $51,793.50 producing in new coin, $51,077.53, showing a loss in recoinage of $715.97; and 123.33 standard ounces of uncurrent domestic silver coins, of the face value of $157.30, producing in new coins $153.44, showing a loss in recoinage of $3.86. The Treasurer transferred for recoinage uncurrent domestic subsidiary silver coins of the face value of $85,425, containing 63,209.40 standard ounces, producing in new coins $78,643.11, showing a loss by wear of $6,781.89. There were deposited 127.777 standard ounces (unrefined) domestic bullion, producing in gold coin $2,377.24. There were deposited 1,468.88 standard ounces (unrefined) silver" domestic bullion, producing $1,709.24. There were deposited 41,679.317 standard ounces (unrefined) gold foreign bullion, producing in gold $775,429.15. There were deposited 21,995.43 standard ounces (unrefined) silver foreign bullion, producing $25,594.68. The following table shows the countries from which the bullion was received: Gold. Coimtry. Mexico Nicaragua Honduras Guatemala Colombia South America Total . ... . . Silver. Standard ounces. Coinage value. 448. 621 39, 506.139 172.767 1,532.373 19.417 S8,346.43 734,997.93 3,214.27 28, 509.27 361.25 145.10 21,681.'65 40.25 124.37 4.06 $168.84 25,229.56 46.84 144.72 4.72 41, 679.317 . 775, 429.15 21,995. 43 25,594. 68 Standard ounces. Coinage, value. Foreign gold coin containing 262.173 standard ounces of the coinage value of $4,877.64 and foreign silver coin containing 19,658.50 standard ounces of the value of $22,875.34 in standard silver dollars was received. Gold bullion amounting to 3,069.596 standard ounces and coinage value of $57,108.63, and silver bullion amounting to 6,469.17 standard ounces and coinage value of $7,528.39 in standard silver dollars was obtained from jewelers' bars, old plates, etc. PERCENTAGE OF L O S S IN MELTING. Bars and kings. Dust....... Unretorted amalgam Miscellaneous....' : . . : . . . . 0.01080 04035 12101o 00837 : The number of employees during the fiscal year were as follows (the superintendent and operative officers not included): Department. General Assayers Melter and refiners Coiners Total Male. . ~' - Female. Total. 27 3 12 24 37 34 3 12 61 66 44 110 7 302 REPORT ON T H E FINANCES. ASSAYER'S DEPARTMENT. The following is the assayer's report of the fineness of the silver and gold ingot melts passed during the fiscal year 1909: Fineness. Fineness. Melts. GOLD INGOTS. 899.5 899.7 899.8 900.0 900.1 900.2 Melts. SILVER INGOTS. . - - 1 1 3 5 1 2 Total Condemned. 13 4 Total.. 17 898.6 898.8 899.1 899.3 . 899.4 899.5 899 7 899.8 900.0 .. 43 88 246 51 6 24 1 1 5 - . Total. Condemned. 465 4 Total. 469 N U M B E R OF DEPOSITS, PURCHASES, AND B A R S R E C E I V E D AND ASSAYED DURING THE FISCAL Y E A R 1909. Classification. Deposits Purchases (fine bars) Mint bars issued Ingot melts Melter and refiners' mass melts . Superintendents' bars Coiners' grain bars Melter and refiners' grain bars.. Assayers' bars Melter and refiners' fine melts... Mint bm"eau samples Transfer orders Sweeps Total. Gold. 844 74 1,060 15 469 918 1,060 . 62 486 36 12 6 21 5 51 23 3 17 1,033 1,667 2,700 MELTER AND R E F I N E R ' S DEPARTMENT. The melter and refiner received and operated upon 163,824.384 standard ounces of gold bullion, and returned at the settlement 148,230.658 standard ounces, showing a surplus of 73.015 standard ounces. Pie also received and operated upon 4,297,687.35 standard ounces of silver and returned at the settlement 80,704.95 standard ounces, showing a gain of 401.82 standard ounces. From 64 barrels of sweeps there were obtained 68.946 standard ounces of gold and 2,833.69 standard ounces of silver. The number of gold and silver melts made and the number condemned by the assayer is as follows: Items. Gold Silver .. Total Melts. Condemned. 17 469 4 4 486 8 303 DIRECTOR OF THE M I N T . M E L T S M A D E DURING THE Y E A R . Fine gold Fine silver Mass melts Gold deposits.. Superintendent's bars 34 17 -. 31 844 12 Silver deposits Grain bars Granulations : Miscellaneous :....... 74 21 68 26 REFINERY OPERATIONS. The weight of gold and silver operated upon in the refinery is as follows: standard ounces. Items. Gold bullion '. Silver bullion 53,934.799 126,064.44 ^ Amount of bnllion received from the refinery: Standard ounces. Items, Gold bullion... Silver bullion.. 53,906.416 126,064.44 Thus showing loss in gold of 28.383 standard ounces and gain in silver of 913.21 standard ounces. Silver bullion on which charges were collected contained 35,742.62 standard ounces; silver bullion owned by the Government on which there was no charge contained 89,408.61 standard ounces; . . C O I N E R ' S DEPARTMENT. During the fiscal year the coiner received and operated upon 4,246,412.60 standard ounces of silver and 14,770.900 standard ounces of gold. He manufactured during the same period 2,386,574.875 standard ounces of silver coin, valued at $2,969,300, and 9,191.250 standard ounces of gold coin, valued at $171,000, aggregating 10,689,600 pieces, as shown by the following table: p' ' Denomination. Gold: Half eagles Totalgold. ' - Silver: Half dollars Quarter dollars Dimes Total silver Pieces. -. . .... Total coinage ( Value. 34,200 $171,000.00 34 200. 171,000.00 3,667,400 2,912 000 4,076,000 1,833,700.00 728,000.00 407,600.00 10,655,400 2,969,300.00 10,689,600 3,140,300.00 304 REPORT ON T H E FINANCES. The percentage of coin produced from the amount operated upon was, silver, 56.20; gold, 62.22. At the annual settlement of his accounts it was found that there had been a wastage during the year of 1,037.075 standard ounces of silver, being 24.42 per cent of the legal allowance, and of gold 0.813 standard ounce, being 11.008 per cent of the legal allowance. MINT OF T H E UNITED STATES A T D E N V E R , COLO. The standard weight and value of bullion received during the fiscal year 1909 was as follows: Deposits and purchases. Metal. Gold Silver . - " Total Redeposits. 3,943 1,434 1,206 5,377 1,206 Standard ounces. Coinage value. 1,862,127.862 1,524,636.63 $34,644,239.27 1,774,122.61 36,418,361.88 Domestic bulhon, unrefined, carried 496,239.124 standard ounces gold of a coinage value of $9,232,355.79, and 334,906.50 standard ounces silver of a coinage value of $389,709.38. From chlorination and cyanide plants were received 365,537.969 standard ounces gold of a coinage value of $6,800,706.39, and 17,685.52 standard ounces silver of a coinage value of $20,579.51. Purchases for subsidiary silver coinage aggregated 1,003,642.72 standard ounces of a coinage value of $1,167,875.16 in standard dollars, or $1,248,700.12 in subsidiary silver coin. Redeposits by United States assay ofiices amounted to 995,471.779 standard ounces gold of a coinage value of $18,520,405.19, and 163,646.61 standard ounces silver of a coinage value of $190,425.15. There were purchased over the counter during the year gold and silver coins of a face value, respectively, of $552 and $32.50, and of a coinage value of $511.52 in gold and $34.88 in subsidiary silver. PERCENTAGE OP WEIGHT REMOVED IN MELTING. The following table exhibits the percentage of weight removed in melting deposits for the year: Descrintion. Gold: Bars Retorts Dust Gold exchanges.. Miscellaneous Silver: Bars Retorts Dust Silver exchanges. Miscellaneous Weight before melting. Base removed. Per centremoved. Ounces. 710,084.89 184,927:05 2,698.76 931.58 5,267.28 Ounces. 2,360.62 2,643.74 114.29 1.81 62.50 0.0033 .0142 .0423 .0019 .0118 275,793.40 27,900.76 109.54 2,236.68 2,598.28 2,551.39 572.70 14.84 41.35 53.73 .0092 .0206 .1354 .0184 .0206 DIRECTOR OF THE M I N T . 305 The main halls and stairways of this mint building have been very handsomely decorated, the designs being highly artistic, and several mural paintings typical of mining, manufacturing, and commerce, reflecting exceptional talent in conception and execution on the part of the artist, adorn the vestibule and corridor at the main entrance. The elaborate carvings of ^patriotic designs on marble slabs over the main doorway and 13 windows have been completed. New, and what are believed to be highly effective, ventilating devices have been installed in the refinery. v During the year 91,954 visitors witnessed coinage operations from the balconies. OFFICERS AND EMPLOYEES. The number of oflicers and employees in the mint at the close of the fiscal year was as follows: Department. General Assayer's Melter and refiner's... Coiner's Men. • ^ . - - --- ^.. -- - - ' Total . . . " ' •: Women. Total. 2 . 62 11 28 28 63 64 11 28 81 129 65 184 •. • A S S A Y E R ' S DEPARTMENT. The operations of this department during the fiscal year 1909 were as follows: Number of samples operated on. Items. Gold. Silver. 5,104 32 7 Deposits Exchange bars ,. Return bars Silver bars (special purchase).. Anode melts.. Mint fine melts Ingot melts Consolidated melts Experimental s a m p l e s . . . . . . . . . Bullion assay samples Copper bars Melter and refiner's grain bars. Coiner's grain bars Superintendent's grain b a r s — Assayer's grain bars Sweeps lots . ...... Special assay samples Forest Service assays 622 11 3 792 676 114 737 144 301 510 3 •519 22 6 20 24 4 14 14 5 130 Total.. Total. 28 4 14 5 107 6,726 43 10 '792 820 415 1,247 3 519 22 6 48 24 4 18 28 10 237 6,859 N U M B E R OF ACTUAL ASSAYS M A D E . Gold '. Silver Sweeps, lots, and preliminaries. Forest Service Ounces of proof gold made Cupels made Lead cut and rolled 13518—FI 1909-^ 20 : : : :. ,.... 34,599 22,491 640 498 145 46,000 .... 46,000 306 REPORT ON T H E FINANCES. FINE GOLD DETERMINATIONS. The reported finenesses 'of the refined gold melts during the fiscal year 1909 were as follows: Number of m e l t s . Fineness. 998.0 998.2 998.7 998.8 998.9 999.0 999 1 999.2 1 1 1 2 • 10 25 24 36 t " .-. • Number of m e l t s . Fineness. 999.3 999.4 999. 5 999.6 999.7 999.8 38 57 68 32 3 3 Total 301 INGOT FINENESSES. The reported finenesses of the gold and silver ingot melts during the fiscal year 1909 were as follows: Number of m e l t s . Fineness. Gold: 899.8 899.9. 900.0 900.1 20 166 298 25 ... Remelted 509 1 .^ Total 510 Silver: 898.6 898.7 898.8 23 54 104 :... . Number of m e l t s . Fineness. Silv e r — C o n t i n u e d . 898.9 899.0 . 899.1 899.2 899.3 899.4 899.5 899 6 899.7 899 8 899.9 '.'. 900.0 ... : : .' Total M E L T E R AND R E F I N E R ' S 78 136 77 67 70 34 25 33 16 13 4 3 737 DEPARTMENT. The melter and refiner received from the superintendent during the fiscal year 1909: GOLD ACCOUNT. In bullion Returned prior to settlement Returned at settlement.- .c .' 2,716,326.627 246,209.592 Surplus in gold recovered Standard ounces. 2,961,626.487 2,962,536.219 909.732 SILVER ACCOUNT. In bullion Returned prior to settlement Returned at settlement Surplus in silver recovered i : 2,766,470.74 201,302.66 2,966,357.37 2,967,773.40 1,416.03 The surplus was recovered from unreported fractions of assays, from the difference between standard and actual fineness of ingots delivered, and from fractional gains in weights of deposits. 307 DIRECTOR OF T H E M I N T . The following melts were made: Gold. Melts. Deposits.... Anodes Cathode ingots Sweats ' Ingots Mint bars Slimes Settlement bars Miscellaneous - - - .' - and Total. Silver. Gold silver. 4,175 144 50 623 676 25 510 310 737 114 20 28 5,209 2,203 .;'. Total . . 176 4,798 820 75 926 1,247 424 550 48 176 1,652 9,064 926 650 Ingot melts condemned: None. Remelts: Gold, 1; silver, none. The sweeps cellar extracted 1,436.204 standard ounces of gold and 3,199.24 standard ounces of silver, and produced 974 sacks of mill tailings which contained 324.562 standard ounces of gold and 1,949.86 standard ounces of silver. Refinery operations, covering a period of nearly ten months, were as follows: GOLD ACCOUNT. . Delivered Returned Returned Returned to the refinery. prior to settlement at settlement m bars at settlement in sweeps . . . - , Standard, ounces. 2,042,995.765 : 1,974,442.981 69,087.602 64. 858 — 2,043,595.441 . Surplus in gold returned. 599.686 SILVER ACCOUNT. Delivered to the refinery Returned prior to settlement Returned at settlement in bars Return at settlement in sweeps 1,839,604.62 1,729,610.04 109,215.78 521.03 ^—1,839,346.85 , Loss in silver operations 257.77 The refinery also recovered 39.35 ounces of sponge platinum and 1,352 avoirdupois pounds of electrolytic copper. E A R N I N G S OF R E F I N E R Y . Charges collected Surplus bullion recovered Platinum Copper : TotaL... : : $87,115.17 17,581.54 885.37 199.42 105,781.50 C O I N E R ' S DEPARTMENT. Q . . • • • • During the fiscal year 1909 the coiner received from the superintendent 2,812,280.060 standard ounces of gold, making therefrom $35,455,000 in coin, on which there was a wastage of 52.538 standard ounces, being 3.73 per cent of the legal allowance. During the same period the coiner receivedfrom the superintendent 3,451,574.05 standard ounces of silver, making therefrom $2,850,000 in subsidiary silver coin, on. which there was a wastage of 1,201.58 standard ounces^ being 34.81 per cent of the legal allowance. 308 REPORT ON T H E FINANCES. The following table shows the denomination, number of pieces, and the value of the coin made. Denomination. Gold: Double eagles Eagles Half e a g l e s . . . Pieces. . --- .. . - -- Total Silver: Half dollars Quarter dollars Dimes - - Value. 401,250 958,000 3,570,000 $8,025,000 9,580,000 17,850,000 4,929,250 35,455,000 780,000 7,968,000 4,680,000 390,000 1,992,000 468,000 Total 13,428,000 2,850,000 Total coinage 18,357,250 38,305,000 The per cent of coin produced from the amount of ingots operated on was: Gold, 67.76 per cent; subsidiary silver, 66.37 per cent. ASSAY OFFICE OF THE UNITED STATES AT NEW YORK, N. Y. The report on the business of this office for the fiscal year 1909 is as follows: Bullion received. Gold Silver Deposits. .... Total Redeposits. 10,557 2,375 1 25 12,932 26 Standard ounces. • 3,210,774.615 4,883,286.60 Coinage value. $59,735,341.67 5,682,338. 76 65,417,680.43 The gross weight of the above bullion was 7,597,984.99 ounces, a decrease from last 3^ear of 4,223,140.42 ounces. The valueof the foreign gold bullion and coin deposited was $11,551,049.93, a decrease from last year of $67,637,342.35. The value of the domestic gold coin and bullion deposited was $48,184,291.73, a decrease from last year of $4,419,350.96. The sources of domestic gold bullion and coin were as follows: From new production in United States and Territories For private refineries From jewelers, bars, plate, etc From redeposited bullion From United States gold coin of light weight. Total : $6,430,774.21 37,415,804.31 3,801,527.36 203.70 535,982.15 48,484,291.73 This statement shows a decrease compared with last year in the amount of gold bullion received from private refineries of $4,151,240.11 and from United States gold coin of light weight of $250,000.12. Of the fine silver received during the year, 1,443,504.70 standard ounces consisted of Treasury purchases. The redeposited silver consisted of 52,138.48 standard ounces, contained in fine bars made at this office, and 29,173.87 standard ounces, contained in fine Bars made at the mint of the United States, Philadelphia, Pa., and 98.12 standard ounces, contained in unparted bars made at the United States assay ofl&ce, Deadwood, S. Dak. DIRECTOR OF THE MINT. 309 The unparted bullion received during t h e year has been transmitted to the United States mint, Philadelphia, Pa., for treatment, as the parting operations have not been resumed during the year. The surplus bullion recovered by the melter and refiner in his operations was 735.98 ounces, fine silver, and he incurred a wastage of 110.354 ounces, fine gold. . The amount of bullion delivered to and returned by the melter and refiner to the superintendent during the fiscal year 1909 was as follows: Items. Oold ; ilver • .... ^ ^ . Delivered to melter and refiner. Returned by melter and refiner. Standard oz. 3,305,403.804 5,024,310, 39 Standard oz. 3,305,281.188 5,025,128.16 '. : The grains and fiuxes from the deposit melting room yielded $7,483.61, the sweeps (54 barrels) $5,527.05. There were stamped during the year 47,434 gold bars and 13,379 silver bars; previous year 50,903 gold bars and 15,451 silver bars. Gold bars issued to depositors of bullion for domestic use. Gold bars exchanged for gold coin for domestic use ! $3,661,870.63 18,968,029.60. Total gold bars issued for use in the arts, etc : 22,529,900.37 showing an increase of $2,335,601:64 compared with last year. The valu'e of gold bars exchanged for gold coin for export was $17,390,896.26, being a decrease compared with last year of $23,408,291.70. The income from the exchange of gold bars for gold coin was $16,692.84. The force employed in this office at the close of the year comprised 77 men and 2 women, including the .superintendent, assayer, melter,* and refiner, and others distributed as follows: ' General department Melter and refiner's department Assayer's department Total 27 39 13 : ..." 79 No actual operations on the new refinery building have taken place during the fiscal year ended June 30, 1909, but operations are now under way. _ ^ A S S A Y E R ' S DEPARTMENT. There were assayed 10,557 melts of gold deposits and 2,375 melts of silver deposits, a total of 12,932 melts, involving 64,790 assays. The fine gold and fine silver melts assayed were about 462, and the fineness was stamped upon 47,434 bars of gold and 13,379 bars of silver, a total of 60,813. Special assays numbered 898, being largely samples of articles of jewelry and manufacturers' samples. Assays were made on 155 barrels of sweeps and on 140 consolidated melts for shipment to the United States mint at Philadelphia, Pa., with the usual incidental ones for the melter and refiner, etc. All proof gold, proof silver, and cupels used were made in this department. 310 REPORT ON T H E FINANCES. 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 . The melter and refiner received during the fiscal year 1909 the following metal: Gross a m o u n t . S t a n d a r d gold. S t a n d a r d silver. Items. S e t t l e m e n t m e t a l , J u n e 30,1908. Gold deposits, J u l y 1,1908, t o J u n e 30, 1909 Silver deposits, J u l y 1, 1908, t o J u n e 30, 1909 Silver purchases Deposit melting-room grains a n d fluxes, first, second, and third quarters Total. S t a n d a r d oz. 240,779.73 3,265,279.12 3,032,334.97 1,300,370.90 S t a n d a r d oz. 94,389.849 3,177,091.973 33,682. 642 S t a n d a r d oz. 140,624. 03 270,873.96 3,168,907.94 1,443,504.70 239. 340 399.76 7,838,764.72 3,305,403.804 5,024,310.39 The melter and refiner returned during the year the following: Gold! Items. Bars Sweeps Settlement, June 30, i909: Bars . . . " Sweeps . Total... Silver. Standard oz. 3,203,245.552 628.828 Standard oz. 4,931,448.12 922.48 101,338.760 68.048 92,606.34 151.21 3,305,281.188 5,025,128.16 There were received and melted 10,5.57 deposits of gold and 2,375 deposits of silver, producing 47,434 gold bars, 10,857 fine silver bars, 2,522 mint silver bars, and 14,472 unparted bars, containing the following standard ounces of gold and silver: Kind of bar. Gold Silver: Fine..Mint . . Unparted Gold. Silver. Standard oz. 2,144,035.462 Standard oz. 47,434 10,857 2,522 14,472 1,659,216.690 2,219,224.82 1,027,861.26 1,684,362.04 75,285 3,203,245.552 4,931,448.12 Bars. . . . Total There were returned from the melters and delivered to the superintendent as consolidated unparted mint bars: Gold, 302,624.929 standard ounces; silver, 243,265.41 standard ounces. In the settlement of June 30, 1909, there was a wastage of 122.616 standard ounces of gold and an excess of 817.76 standard ounces of silver. The percentage of loss in melting gold deposits was as follows: Items. Bars a n d kings Dust Retort Mixed coin U n i t e d States coin Miscellaneous Half year Fiscal y e a r e n d i n g De- e n d i n g J u n e cember, 30, 1909. 1908. 0. 4. 64054 5. 83298 .16418 .07912 1.65110 0.10295 4. 63686 5. 84807 .15964 .06782 1. 64562 DIRECTOR OF T H E MINT OF THE UNITED MINT. STATES AT 311 CARSON, NEV. [Conducted as an assay office.] The value of the deposits at this mint during the fiscal year 1909 showed an increase of $841,608.97, a gain of over 47 per cent over those of the previous year. The value of the gold deposited was $2,552,309.07,. and t h a t of silver $50,380.44. Nearly aU of this product originated in Nevada. California contributed but 3,820.253 ounces of gold and 1,391.43 ounces of silver, while 30.683 ounces of gold and 1.77 ounces of silver were received from Alaska. The greater part of the Nevada product originated in the Goldfield district. Deposits of bullion to the number of 1,052 were received during the year. This was an increase in number of 182 over the previous year. Seventy-one assays of ore were made, embracing 17 for the Department of Agriculture and 3 for the General Land Office. The operations of the mint required a total of 5,330 assays. This number includes deposits, mass melts, bullion and ore assays for gold, silver, copper, and lead. P E R C E N T A G E OF L o s s I N M E L T I N G . Fiscal year 1909. Description. Bars, kings Dust Retort Unretorted amalgam. Miscellaneous 0.0080 .0857 .0840 : 6442 . 1403 NOTE.—The heavy loss in melting bars, kings, is accoxmted for by the.fact that a large percentage of the deposits were cyanide bars, containing an excessive quantity -of base metal. • • •. • (i Eight persons (including the assayer in charge), 7 men and 1 woman, comprised the entire force for nine months of the year, and 1 man was added for the last quarter. The following table shows the amount of deposits, earnings, and expenditures, and t h e percentage of.net expenses to deposits. Item. Deposits: ' Gold...•....-... Silver (coinage value in standard dollars) : Earnings '...' Expenditures .: .....*.. Percentage of net expenses to deposits, 0.32181. ASSAY O F F I C E O F THE Amount. .. $2,552,309.07 50,380.44 .'... 1 UNITED STATES AT $2,602,689.51 4,610.25 12,988.00 ^ BOISE, IDAHO. During the fiscal year 1909 there were received at this oflSice 1,697 dej)osits of gold bullion, all of domestic production. The States from which deposits were made are California, Idaho, Montana, Nevada, Oregon, Utah, and Washington. No silver bullion or coin were received for assay. The ainount of deposits shows an increase over those of last year of $202,219.18. \ . : 312 REPORT ON T H E FINANCES. The weight before melting of the bullion received was 85,252.51 ounces, and after melting 81,766, the average loss in melting being 0.0409. Mass melting for the year showed a loss of $31, but there was a net gain on shipments to the mint of $20.10.. PERCENTAGE OF L o s s IN MELTING. Half year endmg December 31, 1908. Description. Bars and kings. Dust Retort Miscellaneous.. Amalgam Year ending June 30, 1909. 0.0207 . 0670 .0531 .0184 .6367 0.0172 .0695 .0685 .0286 .6701 In addition to the assayer in charge there are 9 men employed at this institution, viz, a chief clerk, clerk, 2 assistant assayers, an assistant melter, 3 laborers, and a night watchman. The following table shows the amount of deposits, earnings, expenditures, and the percentage of net expenses to deposits: Item. Amount. Deposits: Gold Silver (coinage value in standard dollars) $1,047,774.02 34,841.96 : Earnings , Expenditures •..' Percentage of net expenses to deposits, $0.79908. -. $1,082,615.98 4,652.76 13,310.24 ASSAY OFFICE OF THE JJNITED STATES AT HELENA, MONT. ' During the fiscal year 1909 there were received at this, office 894 deposits. Number of assays made Number of cui)els manufactured Inquartation silver manufactured Total weight of deposits before melting Average per cent of loss in melting .• .' 4,040 9,000 ounces.. 144 do 144,065.31 04701 Fifty-two mass melts were made from 704 bars, weighing 28,901.56 ounces, valued at $443,631.93. Cost of handling bullion was $0.1257 per ounce. In handling the deposits received at tJiis institution duruig the fiscal year the following losses and gains were sustained: 1. A loss of $7.72 was incurred in the general department. 2. A loss of $35.85 in shipments to the mint arose from a difference in the weight at which the bullion was shipped by this institution and the weight at which it was received by the mint at Philadelphia. 3. A gain of $4.39 was made in mass melts. 4. In the assaying department a gain of $7.13 was made and is accounted for by taking advantage of the swing of the needle in weighing the clips from 894 deposits. 5. During the above-mentioned period there were recovered from sweeps 27.880 standard ounces of gold, and 14 standard ounces of silver, coinage value of which was $534.98. 313 DIRECTOR OF T H E M I N T . ORIGIN OF BULLION PURCHASED. Gold. Origin. Standard ounces. Montana Other domestic Foreign Foreign coin Deposit melting room grains Jewelry --. Redeposits : Total Silver. Standard ounces. Value. Coinage value. 92,947.153 $1,729,249.00 5,607.801 104,331.13 649.693 12,087.30 13.141 244.48 27.880 518.69 130.688 2,431.40 118.487 2,204.41 43,541.28 3,383.01 229.88 .15 14.00 39.32 , 10.81 $50,666.22 3,936.69 267.60 .17 16.29 46.76 12.58 99,494.843 47,218.45 64,945.10 1,851,066.41 There were 13 persons employed at this institution, 11 men and 2 women. P E R C E N T A G E OF L O S S IN MELTING BULLION D U R I N G FISCAL Y E A R ENDED J U N E 30,1909. Description. Bars (cyanide) Retort.. - . Dust Miscellaneous Weight before melting. • ... .. Total Loss. Standard oz. 125,903.95 11,178.22 6,750.30 232.84 Per cent. 0.04763 .04139 .04503 .03714 144,065.31 .04701 The following table shows the amount of deposits, earnings, and expenditures, and the percentage of net expenses to deposits: Item. Deposits: Gold Silver (coinage value in standard dollars) Earnings . . . Expenditures . Percentage of net expense to deposits, 0.95016. " - Amount. $1,851,066.41 64,945.10 $1,906,011.51 4,326.30 22,436.66 A S S A Y O F F I C E O F T H E U N I T E D S T A T E S A T C H A R L O T T E , N . C. During the year 1909 there were received at this office 229 deposits of gold bullion, principally from the Appalachian Range. I n addition to the assays of regular bullion deposits, there were made 165 assays of ores for which fees amounting to $472.50 were received. The weight of bullion before melting was 7,390.51 ounces and after melting was 7,282.50 ounces, an average loss in melting of 1.46 per cent. 314 REPORT ON T H E FINANCES. STATEMJENT OF L O S S I N MELTING GOLD DEPOSITS. Per cent. 0.61 6.74 7.63 35.19 2.67 Bars and kings Retort Dust Unretorted amalgam Miscellaneous The force of this oflSice consists of 2 oflBicers, 1 clerk, and 2 laborers. The following table shows the amount of deposits, earnings, and expenditures, and the percentage of net expenses to deposits: Item. Deposits: Gold Silver (coinage value in standard dollars) , : $110,095.85 967.70 $111,063.55 1,166.06 4,494.29 Earnings Expenses Percentage of net expenses to deposits, 2.99068. ASSAY OFFICE OF THE UNITED STATES AT ST. LOUIS, MO. The value of the gold and silver bullion deposited at the United States assay office, St. Louis, Mo., during the fiscal year 1909, amounted to $554,588.53, showing a gain of $112,303.30 in the value of deposits compared with the year 1908. There were 314 deposits of bullion received, which were melted and assayed; 47 special bullion assays made (for which a charge of $2 each was collected), and 35 special assays of dres for gold and silver (for which a charge of $3 each was imposed). The bullion weighed 30,805.86 troy ounces before melting and 30,695.70 troy ounces after melting, an average loss of 0.00357 per cent. The following table shows the losses per cent in melting the various classes of bullion deposits: Fiscal year ended June 30, 1909. Description. Mutilated and uncurrent United States coin Bars, kings Retort Placer Jeweler's, dentist's scrap and waste gold leaf, etc 0. 00058 .00150. . 01879 . 04612 .03079 The following table shows the amount of deposits, earnings, and expenditures, and the percentage of net expenses to deposits: Item. Amount. Deposits: Gold Silver (coinage value in standard dollars) Earnings Expenditures Percentage of net expenses to deposits, 0.54622. $553,686.47 902.06 • $554,588.53 676. 73 3,706. 05 DIRECTOR OF T H E ASSAY O F F I C E O F T H E U N I T E D 315 MINT. S T A T E S , A T D E A D W O O D , S. D A K . There were deposited in this office during the fiscal year 1909, 277 deposits of gold bullion, all from the Black Hills of South Dakota, valued at $1,329,965.43^ consisting of 65,368.316 standard ounces of gold and 97,212.51 standard ounces of silver. Number of bullion assays determined ., Number of button assays determined , : , Number of ore assays, gold and silver, determined ; Number of ore assays,' copper, determined Number of ore assays for gold and silver determined for Forestry Department. Number of ore assays for tin for Forestry Department Number of ore assays for copper for Forestry Department Number of ore assays for silica, iron, and lead for Forestry Department Number of ore assays for gold and silver for United States Geological Survey^ Number of ore assays for tin for United States Geological Survey Number of ounces of quartation silver manufactured. Number of cupels manufactured Total weight of deposits before melting (ounces) Total weight of deposits after melting (ounces) Per cent of average loss in melting. Average cost in handling bullion melted and assayed was $0.0371 per ounce. 334 . 5 30 3 108 9 3 3 21 10 17^ 3.775 167,883. 45 166,385.21 .892 The deposit melting room grains for the year amounted to $659.97. A loss of $92.88 in shipments to the mint, due to difference in weight and assays. Deposits classified as follows show the following results: Average fineness. Number. Kind. Gold. Bars, kings Dust Retort Old jewelry .• 262 8 6 1 Silver. 0.3925 .9105 .627 .463 0.473 .084 .309 .137 Loss in melting. Per cent. 0.87 .408 7.56 1.119 The office force consists of 5 men. The following table shows the amount of deposits, earnings, and expenditures, and percentage of net expenses to deposits: Items. Gold.... Silver (coinage value in standard dollars) Earnings Expenditures Percentage of net expenditures to deposits, 0.40266. ASSAY O F F I C E O F T H E Amount. $1,216,795.57 113,169.86 . UNITED STATES AT SEATTLE, $1,329,965.43 2,372.88 7,728. 24 WASH. There were received at this office during thefiscalyear 1909, 2,059 deposits of gold and 2 redeposits. Number of bullion assays determined -. I Number of ore assays and analyses determined for the Forestry Department Number of special bullion assays received , '. ^ Number of return bars Number of ounces of quartation.silver manufactured Number of cupels manufactured Total weight of deposits before melting (ounces) Total weight of deposits after melting (ounces) • .Average'percentage loss in melting 6, OOO 265 21 7 400 15,000 1,075,323.18 1,072,248.38 .285 316 REPORT ON THE FINANCES. There were 1,141 bars, each below 300 ounces, massed into 58 larger bars, the total weight of which was 54,517.57 ounces. The gain in weight from massing these bars was 2.41 ounces, showing an average gain of 0.0021 of an ounce on each deposit. Average cost of handling bullion melted and assayed was $0.0397 per ounce. A net loss of $381.30 resulted from the operations of the year, the source of same being as follows: 1. A loss of $176.32 in the melting department. This loss is due to the fact that depositors are allowed full weight for the granules or pannings from each deposit, whereas these granules almost invariably run lower in fineness than the bar and also contain more or less sla^. 2. A loss of $116.55 in the assay department, the greater part of which undoubtedly arises from the clipping of bars. 3. A gain of $218.13 in the general department, this gain being the result of two years' accumulation of grains swept from trucks and from the packing-room floor. This includes only bulhon for which the depositor has been paid, consequently should be shown as a gain in the general department. The truck sweepings accruing from bars which have not been weighed after melting are not included in this amount. 4. A gain of $1.56 in mass melts. The gain from the swing of the needle in massing the 1,141 bars netted a gain of about $43, but loss in assay practically canceled this gain. 5. A loss of $308.12 in shipments to the mint, due entirely to difference in assays.' The loss in shipments to the mint was made up from the gains in charges. The net loss in operations within the office, amounting to $73.18, was made up from bullion recovered from melting-room slag. The deposit melting-room grains for the year amounted to $664.33, but none of this amount was taken to reimburse losses. The slag from the melting room foT years 1908 and 1909 was reduced in a small smelting furnace erected for that purpose, but the resulting bullion was so largely iron t h a t satisfactory assays could not be obtained. I t will be necessary to refine this metal with air, but the work has been delayed, owing to lack of proper tubing to insert in the molten metal. Electro-quartz tubing proved to be unsatisfactory with this very base bullion. I n two hours' refining about 2 feet of the tubing was eaten away by the oxides and 50 ounces of iron were removed. Three hundred ounces of metal were treated. For use in treating good grade bullion the electro-quartz tubing should give excellent satisfaction. The work of refining this bullion will be continued as soon as fire-clay tubes can be delivered. Of the 2,061 deposits received, the entire number were deposits of gold bullion, 2,035 being crude and 26 refined. Only one of the refined bars was of domestic production, the other 25 coming from refineries of British Columbia. The number of employees at the end of the fiscal year was 30 (all male), but for seven months of the year only 25 were employed. ' 317 DIRECTOR OF T H E M I N T . STATEMENT OF GOLD BULLION DEPOSITED AT THE U N I T E D STATES ASSAY OFFICE, SEATTLE, W A S H . , DURING THE FISCAL Y E A R ENDED J U N E 30, 1909. Gold. Source. Alaska :.., Arizona California - — Colorado Idaho Montana Nevada -Oregon Washington British Columbia Yukon territory. Mexico : Mutilated domestic gold coin Foreign gold coin Jewelers' bars, old plate, etc. Deposit melting-rt)om grains. Unclassified (refined). Total Redeposits Grand t o t a l : . . . . Total coining value. Silver. Standard oz. 871,203.214 13.294 107. 039 .987 1,022.461 49.382 7.483 615.710 609.737 68,425.235 85,572.427 7.367 4.373 3.992 939.821 35.573 3.596 Standard oz. 120,358.76 52.70 25.77 - .25 - 319.69^ 372.65 1.94 64.21 285.86 9,750.5320,351.21 17.86 1,028,621.691 151,898.30 1.96 19,313,901.13 151.84 1,028,629.730 151,900.26 19,314,052.97 !91.54 5.33 $16,348,484.71 308.65 2,021.41 18.66' 19,394.63 1,352.36 141.48 11,529.79 11,676.58 1,284,373.70 1,615,726.56 157.85 81.36 74.27 17,824.29 668.04 66.90 The receipts from the different districts of Alaska are shown in the following table: . Gold. Source. Circle Cooks Inl^t Conner River Eagle Koyukuk Nome Southeast Alaska Tanana ^ .* Total ' Silver. Standard ounces. Coining value. 3,434.968 2,971.033 7,683.191 579.542 9,422.104 284,387.555 9,964.722 552,760.099 $63,906.38 55,275.03 142,943.09 10,782.18 175,294.96 5,290,931.26 185,390.18 10,283,907.81 770.66 495.01 848.88 109.44 543.95 31,188.24 1,967.61 84,434.97 $896.77 576.01 987 79 127.35 632.96 36,291.76 2,289.68 98,251.60 871,203.^214 16,208,430.89 120,358.76 140,053.82 . Standard ounces. Coining value. STATEMENT OF GOLD DEPOSITS FROM OPENING OF T H E INSTITUTION ON J U L Y 15, 1898, TO THE CLOSE OP B U S I N E S S J U N E 30, 1909. Number of deposits Weight: Troy ounces Avoirdupois tons Coinage value.. 44,170 10,411,254.83 356.8 : . . . . . . . $177,923,698.39, O R I G I N OF THE F O R E G O I N G . Nome, Alaska, United States Tanana, Alaska, United States Balance of Alaska, United States • , Total for Alaska, United States British Columbia, Canada Yukon territory, Canada Washington, Oregon, and other States Total $38,211,969.89 32,341,426.87 7,712,758.67 78,266,155.33 11,206,284.69 86,464,794.66 1,987,463.81 ,.... 177,923,698.39 318 REPORT ON T H E FINANCES. The following table shows the number of each kind of deposit and the average percentage loss in melting each kind: Average perNumber of centage loss deposits of in melting each. during year 1909. Description. Bars and kings Dust Retort Miscellaneous Domestic coins . ' 1,077 611 174 193 9 ' 0.048 3.892 6.704 7.331 The following table shows the amount of deposits, earnings, and expenditures, and the percentage of net expenses to deposits: Items. Amount. Deposits: Gold Silver (coinage value in standard dollars) $19,137,296.31 176,830.98 Earnings Expenditures Percentage of net expenses to deposits, 0.09923. $19,314,127.29 25,503.08 44,669.29 : As in previous reports, attention is again called to housing this office in a new building. Other assay offices doing but a fraction of the annual business are comfortably located in buildings of their own, and the prospect of a rapid increase in population and values of real estate in this city wouM seem to point to this as an opportune time to secure a location and erect a building. ASSAY OFFICE OF THE UNITED STATES AT SALT LAKE CITY, UTAH.^ There were received at this office during the fiscal year 1909, 130 deposits of gold. Number of bullion assays determined Number of cupels manufactured Total weight of deposits before melting Total weight of deposits after melting Average percentage of loss in melting • , 350 7,000 ounces.. 49,413.75 do 49,295.40 0.239 These were 76 bars, all under 300 ounces in weight, massed into seven larger bars, the total weight of which was 1,958.30,ounces. The gain in weight from massing was 0.11 ounce, showing an average gain of 0.0014 of an ounce on each deposit. The average cost of handling bullion melted and assayed was $0.31197. A net gain of $44.01 resulted from the operations of the year, the source being as follows: 1. Loss of $18.58 in the assaying department, due to the clipping of bars, and also to the fact that depositors are allowed full weight for the granules, while the granules are lower in fineniess than the bar. The granules are delivered to the assayer and put into his chips bar. oInstitution opened on February 1, 1909, to June 30, 1909, 319 DIRECTOR OF T H E M I N T . 2. Gain in shipments to the mint of $48.26. 3. Gain in massing bars of $14.33. The deposit melting-room grains fpr the year amounted to $41.52.' Of the 130 deposits received, the entire number were gold bullion crude, and all of domestic production, except one from Australia. STATEMENT OF GOLD B U L L I O N D E P O S I T E D AT THE U N I T E D STATES A S S A Y OFFICE, S A L T L A K E C I T Y , U T A H , 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, 1909. Gold. Source. Alaska.. Arizona. California Colorado; Idaho Nevada Oregon 1 South Dakota Utah Wyoming Austi:alia Jewelers' bars Deposit nielting room grains Precipitation.., Total Value. Silver. Coinage value. Standard ounces. 2.602 $48.41 8.581 159.65 47. 238 878.84 254.74 13.693 716.00 38. 485 9,775. 389 181,867.66 L803 33.54 184.69 9. 927 17,386.732 323,474.02 3.991 74.25 11. 253 209.36 109. 407 2,035.46 2.190 40.75 .927 17.25 Standard ounces. 0.26 3.87 .89 3.60 1.49 21,268.19 1.07 1.12 241.60 .45 .26 19.27 L64 $0.30 4.60 1.04 4.19 L73 24,748.44 L26 1.30 281.02 .62 .30 22.42 1.91 27,412.218 21,543.61 25,068.92 609,994.62 Total receipts, coinage value, $535,063.54. All above unrefined. No refinery bars, and no redeposits received. The last item, which is shown as ^'Precipitation/' was a deposit of gold which was precipitated from solution found in'the laboratory of a coin sweater, who was arrested here. The following table shows the number of each kind of deposit, and the average percentage loss in melting each kind: Number of deposits. Description. \ Bars and kings Retort Miscellaneous .* 102 3 . 25 Average loss. Per cent. 0 132 3. 866 I 278 The number of employees at the end of the fiscal year was seven, all males; but from March 15 to May 12, 1909, there were eight. The following table shows the amount of deposits, earnings, and expenditures, and the percentage of net expenses to deposits: Items. Amount. Deposits: Gold : Silver (coinage value in standard dollars) Earnings Expenditures Per cent net expenses to deposits, 2.85509. $509,994.62 25,068.92 w $635,063.54 791.96 16,068.64 320 REPORT ON T H E FINANCES. SUMMARY OF OPERATIONS, WASTAGE, AND LOSS, FISCAL YEAR 1 9 0 9 . ' The institutions of the mint service consist of the coinage mints at Philadelphia,. San Francisco, New Orleans, and Denver; the mint at Carson, which at present is conducted as an assay office; the assay office at New York, which, like each of the coinage mints, operates a refinery; and the minor assay offices at Boise, Helena, Charlotte, St. Louis, Deadwood, Seattle, and Salt Lake City. Bullion is received at the assay offices on the same terms as at the mints, except that an additional charge of one-eighth of 1 per cent is made at the former. Bullion purchased at the assay offices becomes the property of the Government and is shipped to the mints at the expense of the Government. OPERATIONS. The quantity of precious metals operated upon in the different departments of the mints and assay office at New York during the fiscal year 1909 aggregated 27,292,233 standard ounces of gold and 74,028,139 standard ounces of silver. The figures in the table following are the actual figures as obtained at the settlement of the accounts of the officers in charge. The figures in the article showing the operations of each mint or assay pffice are for the entire fiscal year up to June 30. GOLD. Institution and department. Legal Amount Amount to delivered allowance on returned superinby superin- made amount tendent. tendent. delivered. Standard ounces. 3,332,697.306 Mpltpr and rpfinpr.. Coiner 2,340,380.115 San Francisco mint: M^lt-Pr and rpfinpr.. 10,238,214.206 Coiner 5,290,627.698 New Orleans mint: Melter and refiner.. 163,824.384 Coiner . . . 14,770.900 Denver mint: Mpltfr a n d rpfinpr.. 2,961,626.487 Coiner 2,812,280.060 New York assay oflice: M^ltf^r a n d rpfinpr,. 3,305,403.804 Philadelphia mint: Total: Melter and rpfinpr Coiner Grand total Amount operated upon. Loss of Actual legal Surplus. wastage. allowance. Standard Standard Standard Standard Standard ounces. ounces. ounces. ounces. ounces. Per cent. 3,332.697 3,333,172.817 4,199,451.496 475.511 1,170.190 2,340,319.923 2,242,109.995 60.192 5.144 10,238.214 10,237,667.357 7,881,371.902 2,645.313 5,290,630.065 4,959,391.800 163.824 7.385 163,897.399 14,770.087 2.367 163,897.399 14,770.900 73.015 2,961.626 2,962,536.219 2,814,962.180 1,406.140 2,812,227.522 2,812,280.060 909.732 3,305.403 3,305,281.188 3,203,996.996 546.849 5.341 .813 11.613 52.538 3.736 122.616 3.709 ^ 20,001,766.187 20,001.764 20,002,554.980 17,263,679.973 1,458.258 10,458,058.773 5,229.028 10,457,947.597 10,028,552.755 2.367 569.465 113.543 30,469,824.960 25,230.792 30,460,502.577 27,292,232.728 1,460.625 683.008 321 DIRECTOR OF THE M I N T . SILVER. Institution and . department. Amount delivered by superintendent. Standard ounces. Philadelphia mint: , Melter and refiner . 10,868,012.24 .6,756,883.29 Coiner San Francisco mint: Melter and refiner.. 22,932,757.31 18,466,408.61 Coiner New Orleans mint: Melter and refiner.. 4,297,687.35 Coiner . . . . . . . . . 4,246,412.60 Denver mint: Melter andrefmer.. 2,966,357.37 Coiner 3,451,574.05 New York assay office: Melter and refiner.. 5/024,310.39 Legal Aniount allowance returned td made on superinamount tendent. delivered. Amount operated upon. Loss of Actual legal Surplus. wastage. allowance. Standard Standard Standard Standard Standard ounces. ounces. ounces. ounces. ounces. Per cent. 16,302.02 10,862,727.65 10,337,026.10 5,284.59 32.465 6,756.88 6,756,759.92 6,568,728.99 1,123.37 16.627 34,399.13 22,945,207.13 19,714,157.21 12,:449.82 18,466.40 18,457,017.48 17,568, OOL 39 6,446.52 4,298,089.17 4,298,089.17 4,246.41 4,245,375.53 4,246,412.60 401.82 4,449.53 2,967,773.40 2,911,778.69 3,451.57 3,450,372.47 3,451,574.05 1,416.03 7,536.46 5,025,128.15 4,932,370.60 817.76 9,391.13 50.942 1,037.07 .I,20L58 34.800 Total: Melter and refiner...... 46,089,124.66 69,133.66 46,098,925.50 42,193,421.-77 15,085.43 5,284.59 Coiner . . . 32,921,278.55 32,921.26 32,908,525.40 31,834,717.03 12,753.15 Grand total 79,010,403.21 102,054.92 79,007,450.90 74,028,138.80 15,085.43 18,037.74 INGOTS MADE AND COIN PRODUCED. The melts made foT ingots and the percentage of coin produced were as follows: Gold. Silver. . Melts of gold ingots. Percentage Melts of silver ingots. of finished coin produced from Con- ingots oper- Made. ConMade. demned. ated upon. demned. Coinage mints. Philadelphia... i San Francisco. New Orleans Denver '... Total 417 1,729 17 510 6 4 2,673 9 47.29 58.47 62.22 67.76 1,839 10,850 ., 469 737' 2 38 13,895 40 Percentage of finished coin produced from ingots operated upon. 58.41 57.17 66.20 66.37 WASTAGE AND LOSS ON SALE OF SWEEPS AND GAINS FROM OPERATIONS. The value of the precious metals wasted in the metallurgical and mechanical departments was $23,833.52. A loss of $9,263.95 occurred from the difference between the assay value of the bullion contained in sweeps sold and the amount received for the same, as described in the following table. 13518—FI 1909 ^21 322 EEPOET ON T H E FINANCES. Mint a t - . Items. San New Philadelphia, Francisco. Orleans. Melter and refiners' gold wastage Melter and refiners' silver wastage Coiners' gold wastage . Coiners' silver wastage Loss on sale of sweeps Total Total . Total. 4,894.31 2,956.75 $15.12 476.98 1,007.94 $977.45 556.90 1,381.83 $2,281.22 $12,455.15 2,752.62 2,112.42 6,513.33 705.63 9,263.95 7,669.41 18,024.99 1,500.04 2,916.18 2,986.85 33,097.47 1,500.04 2,233.33 21,782.66 $2,752.62 . . . 1,119.85 585.14 3,211.80 Paid as follows: From contingent appropriation From parting and refining appropriation Assay oflSce at Denver. NeivYork. $10,173.93 4,795.56 13,253.73 2,873.85 4,771.26 7,669.41 18,024.99 11,314.81 682.85 2,986.85 1,500.04 2,916.18 2,986.85 33,097.47 The wastage and losses aggregated $33,097.47. Against these losses there were gains arising from the operations in bullion amounting to $70,798.79, as follows: Fiscal year 1909. Character of gains. Surplus bullion returned by operative oflficers Precious metals received in grains and sweeps Gains on bullion shipped from the minor assay offices to the mints for coinage. $34,829.99 32,634.76 3,334.04 Total 70,798.79 Deducting the incidental gains on bullion from the value of the total operative wastage and loss on sale of sweeps, there has been a net gain in the operations of the mints during the fiscal year of $37,701.32. RECEIPTS AND DISPOSITION OF GOLD BULLION, FISCAL YEAR 1909. RECEIPTS. The receipts of gold bullion at the mints and assay offices aggregated $192,305,855.25, as shown by the following table: Deposited. Institution. Deposits. Philadelphia...! San Francisco New Orleans Denver NewYork. Carson '. Helena Boise Charlotte St. Louis Deadwood Seattle Salt Lake Total Redeposited. Surplus Uncurrent bullion United States recovered. coin-transferred for recoinage. Receipts from assay oflQces. $1,669,417.15 $2,127,796. 81 a$1.329.87 $25,244,408.14 38,006, 434.51 6,846.61 b 1,557.28 2,989,665. 94 890,870.19 c1,712. 35 16,104,446.82 19,387.25 18,520,405.20 59,735,341. 67 7,217.14 2,551,871. 90 437.17 1,850,547.72 518. 69 1,047,220. 42 553. 60 110,048. 04 47.81 553,629. 95 56.52 1,216,155.39 640.18 19,136,634. 47 661.84 . 609,953.87 40.75 143,382,572.10 2,134,643. 42 34,160. 45 46,754,479.28 a Of this amount $248.68 was gain on United States light-weight coin melted. b Of this amount $2.13 was gain on United States light-weight coin melted. c Of this amount $9.40 was gain on shipments to Philadelphia mint. Total. $29,042,951.97 41,004,504.34 892,582.54 34,644,239.27 59,742,558.81 2,552,309.07 1,851,066.41 1,047,774.02 110,095.85 • 553,686.47 1,216,795.57 19,137,296. 31 509,994.62 192,305,855.25 323 DIRECTOR OF THE M I N T . DISPOSITION. The disposition of gold bullion contained in the above table is as follows: S h i p p e d to B a r s p a i d t h e m i n t for depositors. coinage. Institution. Sold i n sweeps. Bars exchanged for coin. . Coinage. Wastage. Total. $44,140.54 $9,000,465.95 $19,723,092.50 $30,432.93 $29,069,532.01 P h i l a d e l p h i a . . . . $271,400.09 7,761.35 2,307/836.65 52,831,000.00 10,173.93 55,183,476. 61 26,704. 68 San Francisco.. 171,000.00 15,384.06 "'$i5,'278."7i 1,805.62 20.60 203, 488. 99 10,616.29 ' 14,184. 42 35, 455,000.00 977. 45 35,480, 778.16 Denver 3,561,870.67 20,444,833. 41 11,699.12 36,358,925.89 2,281.22 60,379,610.31 1,059. 78 2; 617,537. 84 2,618,597.62 Carson 2,203.41 1,848,348. 02 1,850,551.43 1,049,018.97 1,049,018.97 Boise 109,707.85 . 110,095.85 388. 00 Charlotte 537,313.04 537,313.04 St. Louis 1,240,150.11 Deadwood 1,240,150.11 1,632.14 18,458,233.33 Seattle 18,459,865. 47 434,364.82 Salt L a k e . . . . . . . 434,396.73 31. 91 .. T o t a l . . . . . 3,894,827.25 46,754,786.10 76,022.92 47,667,228. 49 108,180,092.50 43,918.04 206,616,875.30 BALANCES, RECEIPTS, AND DISBURSEMENTS. Balances of gold bullion on hand June 30, 1908, and receipts, disbursements, and balances, June 30^ 1909, at the mints and assay offices are shown in the following table: • Tnstitution. Philadelphia S a n Francisco N e w Orleans Denver..' New York . Carson Helena Boise Charlotte . St. Louis Deadwood Seattle Salt L a k e Total .. . ,. . . . B a l a n c e on h a n d J u n e 30, 1908. Receipts during t h e fiscal 1909. $16,737,483.02 45,987,659.68 2,070,007.11 5,811,333.18 7,868,296.01 135,726.88 84,887.82 38,785.26 $29,042,951.97 $45,780,434.99 $29,069,532.01 41,004,504.34 86,992,164.02 55,183,476.61 2,962,589. 65 892,582.54 203,488.99 34,644,239.27 40,455,572.45 35,480,778.16 67,610,854.82' 60,379,610.31 59,742,558.81 2,688,035.95 2,552,309.07 2,618,597.62 1,935,954.23 1,851,066.41, 1,850,551.43 1,047,774.02 1,086,559.28 1,049,018.97 110,095.85 110,095.85 110,095.85 589; 420.86 553,686.47 537,313.04 1,216,795.57 . 1,267,317.33 1,240,150.11 20,288,108.62 19,137,296.31 18,459,897.38 509,994.62 509,994. 62 434,364.82 35,734.39 50,521.76 1,150,812.31 79^971,247.42 192,305,855.25 Disbursements d u r i n g fiscal year 1909. Total. 272,277,102.67 B a l a n c e on J u n e 30, 1909. $16,710,902.98 31,808,687.41 2,759,100.66 4,974,794.29 7,231,244.51 69,438.33 85,402.80 37,540.31 206,616,875.30 ^ 52,107.82 27,167.22 1,828,211.24 75,629.80 65,660,227.37 COST OF MAINTENANCE. The deposits, earnings, and expenditures of the minor assay officesVduring the fiscal year 1909 were as follows: Institutions. Carson Boise Helena Charlotte St. Louis Deadwood Seattle Salt L a k e City (since F e b . 1,1909) Total V a l u e of deposits of gold a n d silver. Earnings. Expenditures. 1,052 1,697 894 229 314 277 2,059 130 $2,602,-689.51 1,082,615.98 1,906,011.51 111,063.55 554,588.53 1,329,965.43 19,314,127.29 635,063.54 $4,610.25 4,652.76 4,326.30 1,166.06 676.73 2,372.88 25,503.08 791.95 $12,988.00 13,310.24 22,436.56 4,494.29 3,706.05 7,728.24 44,669.29 16,068.54 6,652 27,436,126.34 44,100.01 125,401.21 Number of deposits. , ... Percentage of n e t expenses t o deposits^ 0.32181 .79968 .95016 2.99668 .54622 .40266 .09923 2.85509 324 REPORT ON T H E FINANCES. FREIGHT CHARGES ON BULLION AND COIN. The freight charges on bullion shipped to the mints by the assay offices and on coin shipped from the mints to the assay offices during the fiscal year 1909 aggregated $55,756.69. MOVEMENT OF GOLD FROM THE PORT OF N E W YORK. The superintendent of the United States assay office at New York has prepared the following tables, giving exports of gold through the port of New York: STATEMENT OF U N I T E D STATES GOLD COIN AND GOLD BULLION E X P O R T E D FROM THE P O R T OF N E W Y O R K TO E U R O P E DURING THE FISCAL Y E A R ENDED J U N E 30, 1909. Rate of Amount. exchange. Country. Date. • July 15 July 31 October 20 October 27 November 4 November 16 December 2 December 11 December 22 1908. . January 8 January 12 March 9 March 8 March 12 March 16 March 19 March 19 March 22 March 23 April 23 May 3 May 12 May 17 Do May 19 May 29 June 2 June 25 June2S : France England do .do do ...do France .. .do do . 1909. " . . . .do do England Netherlands England do . . . .do do . .do do France do . do do Netherlands France Netherlands.. France ..:..do Netherlands ! . . . ;: '. . . . Total $1,040,000 325 4,243 7,275 3,820 . . .. 3,915 1.504,025 4;000,500 699,010 $4.8715 4.869 4.865 4.8655 4.860 4.859 4.8675 4.869 4.871 1,900,000 3,520,000 1,420,000 120 2,000,000 1,000,000 300,000 3,000,000 5,300,000 • 750,000 2,021,000 1,147,493 896,000 1,034,000 2,000,000 1,500,739 50 885,000 977,000 2,000,000 4.872 4.875 4.882 4.883 4.881 4.8820 4.8825 4.8825 4.883 4.8825 4.875 4.8755 4.8775 4.878 4.878 4.8785 4.8785 4.8785 4.8815 4 881 ... . 38,914,515 * RECAPITULATION OF GOLD EXPORTS TO E U R O P E . Classification. United States coin . Foreign coin United States assay office bars Other bullion Total..." . . . . . . .. ... Grand total of exports to Europe . . France. England. Netherlands. $3,310,000 $12,350,325 188,120 1,420,000 19,253 $4,000,170 17,814,767 21,124,767 13,977,698 4,000,170 .• $39,102,635 During the same period there were shipped to West Indies, Mexico, Central and South America, Cuba, etc., the following: United States coin : Foreign coin Total gold exports to other ports Grand total of gold exports $26,877,230 1,728,050 "... $28,605,280 67,707,915 325 DIRECTOR OF T H E M I N T . The imports during the same period were as follows: $2,607 2,078,029 236,984 22,319 From other ports (West Indies, Mexico, Central and South America, Cuba, etc.): United States coins $330,215 Foreign coins 207,710 Bullion 2,718,495 In ore and base bullion ^ 603,859 Total gold imports from E u r o p e . . . 2,339,939 Total gold imports from other ports. 3,860,279 From Europe: United States coins Foreign coins Bullion Bullion in ore, etc Grand total of gold imports 6,200,218 The copper matte exported during the same period is said, to have contained no gold and silver. NET EXPORTS UNITED STATES GOLD COIN. The net exports of United States gold coin since January 1, 1870, are as follows: Period. Imports. J a n . 1 to-July 1, 1 8 7 0 . . . . Fiscal year— 1871.... 1872.... 1873 1874 . . . . . . . • 1875 1876 1877 $7,325,783 1878 3,654,859 1879 1880. . . . -^ 18,207,559 7,577,422 1881 1882 4,796,630 8,112,265 1883 3,824,692 1884 3,352,000 1885 1,^687,231 1886 5,862,509 1887 ..'/. 5,181,512 1888 1889. . . . . . . . 1,403,619 1,949,552 1890 2,824,146 1891. $6,384,250 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 3,951,736 67,704,900 Imports. Period. Exports. Fiscal y e a r — C o n t ' d . 1892.. 1893 1894 1895 1896. 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 . • 1907 1908 1909 Total.... . $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 3,311,1053,870,320 1,519,756 5,780,607 2,236,399 35,251,921 44,445,402 44,929,518 4,642,690 $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 • 20,573,572 22,632,283 28,246,170 66,126,869 409,746,891 i, 101,493,600 Net exports . STOCK OF MONEY IN THE UNITED Exports. 691,746,709 STATES. On June 30, 1909, the stock of domestic coin in the United States was $2,302,592,169, as shown by the following table: OFFICIAL T A B L E OF STOCK OF COIN I N THE U N I T E D STATES J U N E 30, Items. Gold. • E s t i m a t e d stock of coin J u n e 30,1908 N e t i m p o r t s U n i t e d States coin fiscal y e a r 1909 U n i t e d States coin r e t u r n e d i n t r a n s p o r t s from t h e Philipp i n e I s l a n d s n o t recorded a t t h e custom-house, fiscal year 1909 Coinage, fiscal year 1909 $1,535,169,328 Total. .. . . : Less: U n i t e d States coin m e l t e d for recoinage (face v a l u e ) . . . U n i t e d States coin e s t i m a t e d t o h a v e b e e n used i n t h e arts N e t e x p o r t s U n i t e d States coin, fiscal year Total. . E s t i m a t e d stock of coin i n t h e U n i t e d States J u n e 30,1909.. 1 Silver. 1909. Total. $715,615,595 2,006,683 $2,250,784,923 2', 006,683 108,180,093 0 46,498 11,093,810 46,498 119,273,903 1,643,349,421 - 728,762,586 2,372,112,007 3,458,338 977,321 4,435,659 3,500,000 61,484,179 100,000 3,600,000 61,484,179 68,442,517 1,574,906,904 1,077,321 727,685,265' 69,519,838 2,302,592,169 a Of this amount $18,200 were in $1 pieces. NOTE.—The number of standard silver dollars coined to June 30, 1909, was 570,272,610, which added to the Hawaiian dollar coinage, 500,000, plus the number imported from.the Philippine Islands, 150,000, and the number returned in government transports from the Philippine Islands, 491,930, equals 571,414,540. Since July 1, 1898, the number of standard silver dollars exported in transports has been 2,495,000, and since 1883 the number melted has been 188,003 (see p; 261); and the number of Hawaiian dollars melted to June 30, 1909, has been 454,818, a total disposition of 3,137,821, leaving in the United States on June 30, 1909, 568,276,719 standard silver dollars, and $159,408,546 in subsidiary silver coins. 326 REPORT ON T H E FINANCES. BULLION IN MINTS AND ASSAY OFFICES J U N E 30, 1909. Value. Bullion. Gold . Silver (cost) $65,660,227 5,564,808 . - 71,225,035 Total METALLIC STOCK, J U N E 30, 1905, 1906, 1907, 1908, AND 1909,. Coin a n d bullion. Gold Silver Total J u n e 30, 1905. J u n e 30, 1906. J u n e 30, 1907. J u n e 30, 1908. $1,357,881,186 686,401,168 $1,472,995,209 687,958,920 $1,466,056,632 705,330,224 $1,615,140,575 723,594,595 $1,640,567,131 733,250,073 2,044,282,354 2,160,954,129 2,171,. 386,856 2,338,735,170 2,373,817,204 •. J u n e 30, 1909. O W N E R S H I P OF GOLD AND SILVER I N THE U N I T E D STATES, J U N E 30, Silver coin a n d bullion. Gold coin a n d bullion. Ownership. Silver dollars. Subsidiary coin. U n i t e d States T r e a s u r y (free) $226,223,984 $18,571,495 $27,076,748 U n i t e d States T r e a s u r y (for certificates o u t s t a n d ing) 815,005,449 477,717,324 N a t i o n a l b a n k s ( J u n e 23). 150,504,310 12,822,408 16,185,383 N a t i o n a l b a n k s (for clearing-house c e r t i f i c a t e s ) . . . 73,677,500 P r i v a t e b a n k s a n d individuals 375,255,888 59,165,492 116,146,415 Total 1,640,567,131 568,276,719 159,408,546 Silver bullion. In Treasury. Total gold a n d silver coin a n d bullion. Total silver. $5,564,808 $51,213,051 $277,437,035 477,717,324 29,007,791 1,292.722,773 179,512,101 175,311,907 550,567,795 5,564,808 733,250,073 2,373,817,204 73,577,500 LOCATION OF M O N E Y S OF THE U N I T E D STATES, J U N E 30, Money. 1909. 1909. In national I n other b a n k s , J u n e b a n k s a n d in circulation. 23, 1909. Total. METALLIC. Gold bullion Silver bullion Gold coin Silver dollars. S u b s i d i a r y silver coin ... ... : T o t a l metallic .. .. $65,660,227 5,564,808 975,569,206 a$224,081,810 496,288,819 12,822,408 16,185,383 27,076,748 $375,255,888 59,165,492 .116,146,415 $65,660 227 5,564,808 1,574,906,904 568,276,719 159,408,546 1,570,159,808 253,089,601 550,567,795 2,373,817,204 6,562,749 11,585 24,381,268 191,774,761 b 57,109,191 148,343,506 4,203,415 608,429,616 346,681,016 4,215,000 689,920,076 1,040,816,091 PAPER. Legal-tender notes (old) Legal-tender notes (act J u l y 14, 1890) National-banknotes .. Total notes . Gold certificates Silver certificates.. Total certificates G r a n d total 30,955,''602 248,883,952 760,976,537 37,746,420 6,696,676 3 n , 846,280 129,205,129 503,159,169 348,512,195 44,443,096 441,051,409 851,671,364 943,024,962 2,163,215,696 a Includes $73,577,500 gold clearing-house certificates. b Includes $13,294,438 of their own notes held by difi'erent natiohal banks. 3,414,633,296 DIKECTOB OF THE 327 MINT. ESTIMATED STOCK OF GOLD AND SILVER IN THE U N I T E D STATES AND THE A M O U N T P E R CAPITA AT THE CLOSE OF EACH FISCAL Y E A R SINCE 1873. T o t a l stock of coin a n d b u l lion. Fiscal year e n d e d 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 1906 1907 1908 1909.. , * Per capita. Population. 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 •... 59,97t,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 84,662,000 86,074,000 87,496,000 88,926,000 Gold. Silver. $6,149,305 $135,000,000 10,355,478 147,379,493 19,367,995 121,134,906 36,415,992 130,056,907 56,464,427 167,-501,472, 88,047,907 213,199,977 117,526,341 245,741,837 148,522,678 351,841,206 175,384,144 478,484,538 506,757,715 . 203,217,124 233,007,985 542,732,063 545,500,797. 255,568,142 283,478,788 588,697,036 312,252,844 590,774,461 352,993,566 654,520,335 386,611,108 705,818,855 420,548,929 680,063,505 463,211,919 695,563,029 522,277,740 646,582,852 570,313, .544 664,275,335 615,861,484 597,697,685 624,347,757 627,293,201 625,854,949 636,229,825 628,728,071 599,597,964 634,509,781 696,270,542 637,672,743 861,514,780 639,286,743 962,865,505 647,371,030 1,034,439.264 661,205,403 1,124,652,818 670,540,105 1,192,395,607 677,448,933 1,249,552,756 682,383,277 1,327,672,672 686,401,168 1,357,881,186 687,958,920 1,472,995,209 705,330,224 1,466,056,632 723,594,595 1,615,140,575 725,550,073 1,640,567,131 Gold. Silver. $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 n.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 17.40 17.03 18.46 18.45 $0.15 .24 .44 .81L21 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 '8.12 8.20 8.27 8.16 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 25.52 25.23 26.73 26.61 ' UNITED STATES GOLD COIN IN CANADA. The holdings of United States gold coin in the treasury of the Dominion of Canada on December 31, 1908, was $54,909,076. The holdings of the charter banks (31 in number), on the same date aggregated $15,679,259, or 79.96 per cent of their specie holdings. The total amount of United States gold coin in Canadian reserves on the foregoing date was therefore"$70,588,335. GOLD A N D S I L V E R USED IN INDUSTRIAL ARTS IN THE UNITED DURING THE CALENDAR YEAR 1 9 0 8 . STATES Amor^ 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 j)laces; conse• quently, the larger portion of the material consumed in the arts is brought under government notice and is a matter of public record. The following table gives the value of the gold and the quantity of the silver bars issued by the governnient institutions and private refineries during the calendar year 1908. 328 REPOBT ON TFIE F I N A N C E S . GOLD AND SILVER BARS ISSUED BY THE GOVERNMENT INSTITUTIONS AND M A N U - f^ACTURED BY PRIVATE REFINERIES FOR USE IN THE INDUSTRIAL A R T S DURING THE CALENDAR Y E A R \ 1908. V a l u e of gold issued b y - W e i g h t of silver issued b y - Material u s e d . Government institutions. P r i v a t e refineries. Total. Government institutions. P r i v a t e refineries. Total. F i n e ounces. F i n e ounces. F i n e ounces. D o m e s t i c b u l l i o n — . $8,147,514. 90 $260,456.00 $8,407,970.90 681,295.08 15,161,517.00 15,842,812.08 207.00 2,846,974.12 1,829,103.63 2,661,838.00 4,490,94L63 2,846,767.12 Foreign material 334,713.00 334,910.17 197.17 1,938.00 U n i t e d S t a t e s coin 1,938.00 324,364.21 3,115,366.00 3,439,730.21 14,686,845.78 2,034,300.00 16,721,145. 78 Old j e w e l r y , etc Total 25,681,324.97 2,629,676. 00 28,311,000. 97 2,834,762.92 20,940,659.00 23,775,421.92 ... Estimating that the total amount of gold coin used in the arts during the calendar year has been $3,500,000 and silver coin $100,000, equivalent to 77,344 fine ounces, the total industrial consumption would be as follows: Material used. Silver. $8,407,970. 90 2,846,974.12 3,500,000.00 16,721,145. 78 Domestic bullion.. Foreign material.. United States coin Old material Total Fine ounces. 15,842,812.08 4,490,94L63 31,476,090.80 77,344.00 3,439,730.21 23,850,827.92 GOLD AND SILVER B A R S F U R N I S H E D FOR U S E IN MANUFACTURES AND THE ARTS, AND C L A S S I F I C A T I O N OF T H E M A T E R I A L U S E D , B Y C A L E N D A R Y E A R S , S I N C E 1880. GOLD. N e w material.. Calendar year. U n i t e d States coin. 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 1906 1907 1908 •. . . . Total Domestic bullion. Foreign bullion a n d coin. $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 3,500,000 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 3,500,000 3,500,000 3,500,000 3,500,000 $6,000,000 7,000,000 7,000,000 7,840,000 6,000,000 6,736,927 7,003,4gt) 9,090,342 9,893,057 9,686,827 10,717,472 10,697,679 10,588,703 8,364,482 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 20,559,910 18,667,804 15,546,924 8,407,971 $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 3,562,069 10,452,037 14,502,571 2,846,974 82,375,000 313,604,362 53,143,519 Old material. total. $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 2,164,976 2,734,985 3,480,612 3,386,626 4,677,549 4,665,589 5,725,927 5,586,636 6,506,922 7,177,575 16,721,146 $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 33,208,615 39,126,763 40,727,070 31,476,091 449,122,881 105,186,494 554,309,376 Total new material. $10,567,600 11,247,800 10,171,500 12,909,500 11,385,500 10,415,840 11,141,483 12,974,464 14,111,866 13,478,085 14,579,534 14,826,204 14,860,389 10,658,736 8,473,658 10,452,816 9,026,591 9,298,803 11,400,903 15,112,193 16,667,530 ' 18,482,330 21,005,298 24,397,962 22,930,036 27,621,979 32,619,841 33,549,495 14,754,945 829 mRECTOR OF T H E M I N T . GOLD AND SILVER B A R S F U R N I S H E D FOR U S E I N MANUFACTURES AND T H E A R T S , AND CLASSIFICATION OF T H E MATERIAL USED, BY CALENDAR Y E A R S , SINCE 1880^Con. SILVER (FINE OUNCES). New material. Calendar y e a r . United States coin. 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 ".. 1906.- . . 1907 1908.. Total $464,063 154,687154,687 154,687 154,687 154,687 154,687 154,687 154,687 154,687 154,687 154,687 154,687 77,344 •77,344 77,344 77,344 77,344 77,344 77,344 77,344 77,344 77,344, 77,344 77,344 77,344 77,344 77,344 77,344 3,557,811 Domestic bullion. $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 6,644,495 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 15,236,711 15,016,256 16,629,834 16,580,307 •15,231,628 17,431,691 15,842,812 241,875,299 Foreign bullion a n d coin. Total n e w material. . Old material. Grand total. $273,023 $4,604,274 $112,148 $4,716,-422 286,945 5,004,913 137,672 5,142,585 340,544 5,402,151 164,665 5,566,816 119,883 3,850,713 434,595 4,285,308 502,734 4,137,890 •131,484 4,269,374 48,501 3,714,498 357,472 4,071,970 638,562 3,597,884 312,589 3,910,473 506,595 4,206,209 3,834,490 371,719597,082 5,761,987 504,318 6,266,305 508,920 6,308,102 472,582 6,780,684 963,254 6,643,096 7,138,173 495,077 7,427,552 971,516 6,763,845 663,707 6,693,336 966,643 7,194,042 500,706 6,505,724 1,346,326 7,451,511 945,787 759,^24 7,472,853 944,504 8,417,357 752,942 8,429,609 9,495,511 1,065,902 7,059,508 821,387' 832,860 7,892,368 7,809,932 616,579 853,457 8,663,389 9,984,485 489,160 734,233 10,718,718 529,137 8,995,139 1;583,678 10,578,817 940,450 11,441,279 • 1,776,006 13,217,285 1,038,409 14,133,694 12,925,171 1,208,523 1,289,623 16,603,678 2,741,331 19,345,009 ; 954,930 • 16,048,530 3,919,726 19,968,256 1,218,122 17,925,300 2,554,687 20,479,987 2,754,003 19,411,654 . 4,289,023 -23,700,677 2,734,187 18,043,159 3,810,105 " 21,853,264 4,628,208 22,137,243 24,369,784 2,232,541 4,490,942 20,411,098 3,439,730 23,850,828 32,088,431 277,521,541 37,590,827 315,112,368 The value and composition of bars issued for use in the industrial arts by the government institutions during the fiscal year 1909 were as follows: . Gold. Material used. Silver. Weight. Domestic bullion... United States coin. Foreign bullion Foreign coin Old material Refinery bars Total. Value. Fine ounces. 431,979. 402 4.748 237,895. 616 16,025. 846 748,289. 330 $8,929,806.76 98.16 4,917,738.84 331,283.64 15,468, 513.29 1, 434,194.942 29,647, 440.69 Fine ounces. 581,164.38 1,991,744.36 2,778.31 319,978.42 13,379.46 2,909,044.92 830 REPORT ON T H E FINANCES. EXCHANGE OF FINE GOLD BARS FOR GOLD COIN AND GOLD BULLION. The value of the fine gold bars furnished to the trade in exchange for gold coin and bullion, monthly, by the United States mint at JPhiladelphia and assay office at New York, for the fiscal year 1909, was as follows: E x c h a n g e d for gold coin. E x c h a n g e d for gold bullion. Month. Philadelphia. 1908. July August September... October November... December Total. New York. Philadelphia. $475,796.21 $2,112,273. 44 $2, 588,069. 65 $26, 600. 69 431,948.16 1, 546, 461. 69 1,978, 409.85 12, 869. 29 628, 666.06 1,983,208 11 2, 611, 874.17 27, 409. 85 718,725.12 2,247, 508. 60 2,966, 233.72 22,944. 74 683,094. 56 1,795, 375. 58 2, 478, 470.14 15,191.21 317,110.90 7,722, 469. 48 8, 039, 580. 38 23, 438.95 N e w York. $292, 865.08 253,812.14 278, 425. 46 293, 822. 94 255,216.10 326,243. 63 $319, 465.77 266, 681. 43 305,835.31 316, 767.68 270, 407.31 349, 682.58 328,414.92 272, 582. 68 345, 614.74 344, 506. 66 281, 923. 87 288, 440. 45 354,897.07 288, 389. 53 368, 822.36 367,198.28 302,159. 66 322, 961.78 1909. January February March April May June Total... 2, 584, 987. 70 583,972. 58 705, 446. 78 666, 837. 54 648,203. 45 555, 676. 89 2, 414,110. 61 1, 398, 475.18 4,012,155.33 3, 386, 415.12 4, 361,144. 81 3, 379, 877.72 4, 999, 098.31 1, 982, 447.76 4,717, 602.11 4, 053, 252.66 5,009, 348.26 3, 935, 554. 61 9,000, 465. 95 36, 359, 475. 67 45,359,941.62 26, 482.15 15, 806. 85 23,207. 62 22, 691. 62 20, 235. 79 34, 521. 33 271, 400.09 3, 561, 868. 67 3, 833, 268. 76 Of t h e t o t a l v a l u e of b a r s ($45,359,941.62) e x c h a n g e d for coin, $19,391,034.23 were e x p o r t e d , a n d $25,968,907.39 were u s e d in t h e i n d u s t r i a l arts. THE W O R L D ' S INDUSTRIAL CONSUMPTION OF THE PRECIOUS METALS IN 1908. This bureau estimates the world's consumption of the precious metals in the arts during the calendar year 1908 asofollows: Gold, of the value of $113,996,000, equivalent to 5,514,557 ounces, fine; and silver, 91,835,000 ounces, fine, of the commercial value of $49,122,542. I n these estimates only new material is taken into account. PRODUCT OF GOLD AND SILVER IN THE UNITED STATES IN 1 9 0 8 . The detailed statistics of the product of gold and silver in the United States for the calendar year 1908 are presented in a special report to the Secretary of the Treasury. The distribution df the product among producing States and Territories was as follows: 331 DIRECTOR OI' I H E MINT. APPROXIMATE DISTRIBUTION BY PRODUCING STATES AND TERRITORIES OF T H E PRODUCT OF GOLD AND SILVER I N T H E U N I T E D STATES F O RT H E CALENDAR Y E A R 1908. [As estimated by the Director of the Mint.] Gold. Silver. State or Territory. Fine ounces. Alabama Alaska Arizona California Colorado Georgia Idaho Illinois Michigan Missouri Montana Nevada New Hampshire... New Mexico North Carolina Oregon Philippine Islands. Porto Rico South Carolina South Dakota Tennessee Texas Utah Virginia Washington Wyoming Total. Value. 1,993 960,669 120,937 935,074 1,106,385 2,719 69,829 $41,200 19,858,800 2,500,000 19,329,700 22,871,000 56,200 1,443,500 152,865 565,475 179 14,817 4,716 43,823 13,763 29 2,598 374,529 179 24 190,922 174 12,273 368 3,160,000 11,689,400 3,700 306,300 97,500 905,900 284,500 600 53,700 7,742,200 3,700 500 3,946,700 3,600 253,700 7,600 4,574,340 94,560,000 Fine ounces. Commercial value. 400 204,600 2,900,000 1,703,700 10,150,200 200 7,558,300 2,000 294,100 49,400 10,356,200 9,508,500 6,300 400,900 1,300 56,100 1,300 $200 109,400 1,551,200 911,300 5,429,400 100 4,042,900 1,100 157,300 26,400 5,539,500 6,086,100 3,400 214,500 700 30,000 700 200 197,300 60,900 447,000 8,451,300 300 86,800 3,500 100 105,500 32,600 239,100 4,520,600 . 200 46,400 1,900 52,440,800 28,050,600 W O R L D 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 1906, 1907, and 1908. THe following is a summary of the same: COINAGE OF NATIONS. Calendar y e a r . 1906 1907 1908 Gold. $366,326,788 411,803,902 327,018,200 Silver. $155,590,466 221,651,826 194,692,737 . 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. I t must be borne in mind, however, that the total of these coinages does not correctly represent the amount of liew gold and new silver made into coins during 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. I n 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. 332 REPORT ON T H E FINANCES. COINAGE OF GOLD AND SILVER OF THE MINTS OF THE WORLD BY CALENDAR Y E A R S SINCE 1873. Silver. Gold. Calendar year. F i n e ounces. 1873 1874 1876 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902..-2 1903 1904 1905 1906 1907 1908 . . . .' .-.-.. .. . . . . ". . . . . . . . Total . . . . . F i n e ounces. Value. Coining v a l u e . 12,462,890 6,568,279 • 9,480,892 10,309,645 9,753,196 9,113,202 4,390,167 7,242,951 7,111,864 4,822,851 5,071,882 4,810,061 - 4,632,273 4,578,310 6,046,510 6,522,346 8,170,611 7,219,725 5,782,463 8,343,387 11,243,342 11,025,680 11,178,855 9,476,639 21,174,850 19,131,244 22,548,101 . 17,170,053 12,001,537 10,662,098 ' 11,634,166 22,031,285 11,898,037 17,721,058 19,921,014 15,819,505 $257,630,802 135,778,387 195,987,428 213,119,278 201,616,466 188,386,611 90,752,811 149,725,081 147,015,275 99,697,170 104,845,114 99,432,795 95,757,582 94,642,070 124,992,465 134,828,855 168,901,519 149,244,965 119,534,122 172,473,124 232,420,517 227,921,032 231,087,438 195,899,517 437,722,992 395,477,905 466,110,614 354,936,497 248,093,787 220,405,125 240,499,547 455,427,085 245,954,257 366,326,788 411,803,902 327,018,200 101,741,421 79,610,875 92,747,118 97,899,525 88,449,796 124,671,870 81,124,555 65,442,074 83,539,051 85,685,996 84,541,904 74,120,127 98,044,475 96,566,844 126,388,502 104,354,000 107,788,256 117,789,228 106,962,049 120,282,947 106,697,783 87,472,523 98,128,832 123,394,239 129,775,082 115,461,020 128,566,167 143,362,948 107,439,666 149,826,725 161,159,508 136,518,406 134,062,314 120,339,501 171,434,608 150,582,664 $13'1,544,464 102,931,232 119,915,467 126,577,164 114,359,332 161,191,913 104,888,313 84,611,974 108,010,086 110,785,934 109,306,705 95,832,084 126,764,574 124,854,101 163,411,397 134,922,344 139,362,595 152,293,144 138,294,367 155,517,347 137,952,690 113,095,788 126,873,642 159,540,027 167,790,006 149,282,936 160,226,964 185,358,156 138,911,891 193,715,362 211,795,829 176,508,646 173,333,093 155,590,466 221,652,826 194,692,737 387,070,969 8,011,467,123 4,001,972,599 5,177,695,596 . FOREIGN COINS MELTED BY VARIOUS COUNTRIES. The foreign gold and silver coins melted by the countries of the world during the calendar years 1906, 1907, and 1908, so far as have been reported to this bureau, are exhibited in the following table: 1907. 1906. 1908. Country. Gold. U n i t e d States Austria-Hungary Great B r i t a i n Germany India Italy Japan. Mexico Peru . . Portugal ." Russia Siam Turkey Total $21,753,924 300,347 8,056,407 Silver. Gold. $501,058 $12,330,623 207,274 12,427 1,260,846 4,990,384 Silver. Gold. $250,132 28,912 3,162,733 $3,767,669 401,573 Silver. $103,076 14,778 400,997 1,114 1,338 2,146 9,480,630 6,357,208 1,718 4,093,714 633,418 12,818 15,640 1 9,821,065 55,769,581 2,435,637 1,804,507 34,870 299,408 60,785 9 150 9,219,795 302,826 168,957 4,770,012 20,469 31,477,363 3,949,768 11,836,823 438,845 333 DIRECTOR OF T H E M I N T . UNITED STATES GOLD COINS IMPORTED AND MELTED BY COUNTRIES. VARIOUS The following table shows the amount of United States gold coin imported by various countries and the value of the United States gold coin melted at their mints: Import of Total import States from United United States of gold gold coin . United gold coin. melted. States. Country. Austria-Hungary. Japan Peru Great Britain Dutch Guiana $1,154 $14,864 $1,154 60,785 570,597 4,820 5,974 Total 571,751 75,649 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 1906, 1907, and 1908 so far as has been reported to this bureau: 1907. 1906. 1908. Country. UnitedStates Australia Austria-Hungary... (Jhina Colombia .. Denmark Egypt France Germany -. Great Britain India (British) Italy . ... Japan ' Mexico . . ... Netherlands.' Norway Persia Peru Portugal Russia • Siam Straits Settlements Sweden Switzerland Turkey Total Gold. Silver. $850,033 4,482 923,096 $971,564 Gold. Silver. $3,072,960 $1,233,298 $5,321,467 1,631,393 3,474 1,610,137 1,620,440 1,448,904 16,787 •507,203 5,300 62,239 120,609 62,496 1,170,829 53,058 626,801 1,786,864 20,216,679 2,003,368 13,139,550 14,716,370 13,139,550 3,509,414 3,242,744 10,345,352 10,346,690 3,769,263 2,299,669 4,479 1,274,612 1,137 98,299 2,992,255 9,314 216,469 6,212,000 1,869,300 1,467,300 14,847 14,740 149,570 169,759 611 2,782 1,309,429 122,940 3,725 1,017,395 1,705,217 10,767,000 16,033 153 267,305 989,788 738,991 9,219,795 17,347,983 42,376,809 Gold. 28,908,509 63,392,263 Silver. ^ $977,211 5,189,278 69,858 2,256,230 16,059,450 3,110,555 589.058 1,347,083 7,864,566 1,797 3,944,363 989,486 3,011,463 9,836 718 920,233 107 34,613 .6,929,500 35,532 193,000 527,568 26,824,537 35,680,266 41,534 334 REPORT ON TFIE FINANCES. VALUES OF FOREIGN COINS. TREASURY DEPARTMENT, O F F I C E OF THE SECRETARY, Washington, Octoher 1, 1909. In pursuance of the provisions of section 25 of the act of August 28, 1894, I hereby proclaim the following estimate by the Director of the Mint of the values of foreign coins to be the values of such coins in terms of the money of account of the United States, to be followed in estimating the value of all foreign merchandise exported to the United States on and after October 1, 1909, expressed in any of such metallic currencies. CHARLES D . NORTON, Acting Secretary. VALUES Country. Argentine Republic Standard. OF F O R E I G N Monetary unit. Gold. COINS. Value in terms of U. S. gold dollar, $0.965 Austria-Himgary.. .do. Cro\A'n. .203 Belgimn .do. Franc.^ .193 Bohvia.. Brazil... .do. .do. Boliviano. Milreis .389 .546 British possessions, N. ...do A. (except Newfoundland). Central A m e r i c a n StatesCosta Rica ...do Dollar.. Colon.. .465 British Honduras. Guatemala Honduras Nicaragua Salvador Chile ....do Dollar.. 1.000 >Silver Peso... Gold China. Silver Colombia.. Gold. 1.000 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: 6 francs. Silver: Boliviano and divisions-.a Gold: 5, 10, and 20 milreis. Silver: ^, 1, and 2 milreis. Gold: 2, 5,10, and 20 colons ($9,307). Silver: 5, 10, 25, and 50 centimos. Silver: Peso and divisions. .365 do. 'Amoy Canton Cheefoo Chin Kiang.. Fuchau Haikwan (customs). Hankow.' Tael....< Kiaochow.... Nankin Niuchwang.. Ningpo Peking Shanghai Swatow Takau Tientsin Hongkong... British Mexican do ( Gold: Escudo ($1,825), doubloon ($3,650), and condor ($7,300). Silver: Peso and divisions. .614 .612 ..587 .600 .568 .625 .575 .595 .608 .576 .590 .599 .561 .567 .618 .595 .404 ' .404 .407 1.000 Gold: Condor ($9,647) and double condor. Silver: Peso. Gold: 10 and 20 crowns. Gold: 10 sucres ($4.8665). Silver: Sucre and divisions. Egypt Pound (100 piasters).. 4.943 Gold: Pound (100 piasters), 5,10, 20, .do.. and 50 piasters. Silver: I, 2, 5,10, and 20 piasters. a Gold standard adopted December 31,1908,12^ bolivianos equal the pound sterling, or Peruvian pound ($4,866^). Denmark. Ecuador.. .do., .do. Crown. Sucre.. .268 .487 335 DIRECTOR OF T H E M I N T . V A L U E S OF F O R E I G N Country. Standard. Monetary unit. Finland. Gold.. Mark France.. ...do.. Franc German Empire. Great Britain .do., .do.. Mark Greece -do. Haiti .do., India, British. .do.. j Gourde Pound sterling o .do.. .do.. Liberia.. Mexico.. .do., .do.. Dollar.... Netherlands.. .do.. Peso b Newfoundland Norway Panama .do., .do., .do.. Persia.. Silver. Peru... Gold.. Philippine Islands. Portugal Russia .do., .do., .do.. Spain Straits Settlements ...do. ...do. Sweden. Switzerland. Turkey Uruguay... Venezuela.. .do., ,-do.. .do., .do.. .do.. Lira Yen Florin Dollar Crown Balboa..-. Kran Coins. Gold: 20 marks ($3,859), 10 marks ($1.93). Gold: 5, 10, 20, 50, and 100 francs. Silver: 5 francs. .238 Gold: 5,10, and 20 marks. 4.866^ Gold: Sovereign (pound sterling) and \ sovereign. .193 Gold: 5,10, 20, 50, and 100 drachmas. Silver: 5 drachmas. 1966 Gold: 1, 2, 5, and 10 gourdes. Silver: Gourde and divisions. 4.866. Gold:, Sovereign (pound sterling). Silver: Rupee and divisions. .193 Gold: 5, 10, 20, 50, and 100 lire. Silver: 5 lire. .498 Gold: 5, 10, and 20 yen. Silver: 10, 20, and 50 sen. I'. 000 5 and 10 pesos. Silver: Dollarc .498 Gold: (or peso) and divisions. .402 Gold: 10 florins. Silver: 2\, 1 florin and divisions. Gold: 2 dollars ($2,028). Gold: 10 and 20 crowns. Gold: 1, 2\, 5, ,10, and 20 balboas. Silver: Peso and divisions. Gold: \ , 1, and 2 tomans ($3,409). Silver: \ , \ , 1, 2, and 5 krans. Gold: \ and 1 libra. Silver: Sol and divisions. 500 Silver peso: 10,20, and 50 centavos. 080 Gold: 1,2,5, and 10 miheis. 515 Gold: 5,1\, 10, and 15 rubles. Silver: 5,10,15,20,25,50, and 100 copecks. .193 Gold: 25 pesetas. Silver: 5 pesetas. L866.}| Gold: Sovereign (pound sterling). Silver: Dollar and divisions. .268 Gold: 10 and 20 crowns. .193 Gold: 5, 10, 20, 50, and 100 francs. Silver: 5 francs. .044 Gold: 25,50,100,250, and500 piasters. .034 Gold: Peso. Silver: Peso and divisions. Gold: 5, 10, 20, 50, and 100 bolivars. Silver: 5 bolivars. .193 Pound sterling.. Italy....: Value intermsl of U.S. gold dollai:. $0. 193 Drachma Japan CoiNS^Continued. •. Libra Peso Milreis Ruble Peseta..Pound sterling £i. Crown Franc Piaster Peso Bolivar o The sovereign is the standard coin of India, but the rupee ($0.3244^) is the current coin, valued at 15 to the sovereign. b Seventy-five centigrams fine gold. c Value in Mexico, $0,498. d The current coin of the Straits Settlements is the silver dollar issued on Government account and which has been given a tentative value of $0.567758^. NOTE.—-The coins of silver standard countries are valued by their pure silver contents at the average market price of silver for the three nionths preceding the date of this circular. 336 REPORT ON THE FINANCES., CHANGES IN THE VALUE OF FOREIGN COINS DURING 1909. Value, 1909. Monetary unit. Country. J a n u a r y 1. April 1. Bohvia Central A m e r i c a n 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 Persia Silver Silver Silver Silver Silver Silver Silver Silver Silver Silver Silver Silver Silver Silver Silver Silver Silver Silver Silver Silver Silver Silver boliviano -. peso ^. tael, A m o y tael. Canton tael, Chefoo tael, Chinkiang tael, F u c h a u . tael, H a i k w a n ( c u s t o m s ) . . . tael, H a n k o w . tael, K i a c h o w tael. N a n k i n tael, N i u c h w a n g tael, N i n g p o tael. P e k i n g . . tael, S h a n g h a i tael, S w a t o w tael, T a k a u tael, T i e n t s i n dollar THongkong) dollar ( B r i t i s h ) dollar ( M e x i c a n ) . . kran $0.365 .365 .598, .597 .572 .584 .553 .609 .560 .580 .592 .561 - .575 .583 .546 .553 .602 .580 .393 .393 .396 .067 $0.389 .375 .615 .613 .588 .600 .568 .625 .575 .596 .608 .576 .591 .599 .561 .568 .618 .596 .404 .404 .407 .069 J u l y 1. $0.383 .627 .626 .600 .613 .580 .638 .587 .608 .621 .588 .603 .612 .573 .580 .631 - .608 .413 .413 .416 .070 October 1. $0.375 .614 .612 .587 .600 .568 .625 -575 .595 .608 .576 .590 .599 . 561 .567 .618 .595 .404 .404 - .407 .069 MONETARY STATISTICS OF FOREIGN COUNTRIES. The statistics of the production and coinage of the'precious metals, imports and exports of gold and silver, amount of bank and government notes, both covered and uncovered, of the different foreign countries, published annually in the reports of this bureau, are obtained directly from the governments of such' countries by the representatives of the United States accredited to them. A copy of the interrogatories covering the points on which information is sought from the governments of foreigri countries is sent yearly to the United States ambassadors and ministers through the Department of State, and the replies in the form of reports are forwarded directly to the Bureau of the Mint. The interrogatories sent are as follows: 1. What was the amount of gold coined during the calendar year 1908 by denominations and values? What amount of this was recoinage? Domestic and foreign coins melted given separately. 2. What was the amount of silver coined during the calendar year 1908 by denominations and values? What amount of this was recoinage, and what amount was from new bullion? Domestic and foreign coins melted given separately. If any coinage was executed at foreign niints, please give separate statement. 3. Was any coinage executed for other governments during the year 1908? If so, state character and amount of same. "^ . ^ 4. What was the weight of fine gold used in the indjistrial arts during the calendar year 1908? What amount of this was new gold, what amount old gold, and what amount coins? 5. Same questions as to silver. 6. What was the import and export of golcl during the calendar year 1908? (Coin, bullion, and.ore, as well as their weight and value, should be given separately, if possible.) If practicable, give imports aind exports by countries. 7. Same question as to silver. 8. What was the total import of United States gold coin during the calendar year 1908? 9. What was the amount of United States gold coin deposited at the mints and melted during the year 1908? DIRECTOR OF T H E M I N T . 337 10. 'WHiat was the weight, expressed in kilograms fine, and the value of the gold produced from the mines of the country during the calendar year 1908? Give the product of the colonies of the country, naming them separately. 11. WHiat was the weight, expressed in kilograms fine, of the silver produced from the mines of the country during the calendar year 1908? Also give product of the colonies of the country. 12. WTiat was the weight and what the value of the output of gold from the refineries of the country during the year? Give the sources of this output if practicable. 13. Same question as to silver. 14. What, approximately, was the stock of gold coin and bullion in the country at the close of the calendar year 1908? Give stock in public treasuries and banks and in circulation separately, at the close of the calendar year 1908. 15. Same question as to silver. 16. What was the amount of Government notes outstanding at the end of the year 1908? 17. What was the amount of Government notes outstanding not covered by legaltender gold and silyer coin or bullion at the end of the year 1908? 18. What was the amount of bank notes outstanding at the end of the year 1908? 19. What was the amount of bank notes outstanding not covered b y legal-tender gold and silver coin or bullion at the close of the year 1908? 20. What was the actual curr