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ANNUAL REPORT
OF THE
lecretary of the Treasury
STATE OF THE FINANCES
Fiscal Year Ended June 30, 1900.
WASHINGTON:
aOVEBNMBNT
PRINTING
1901.
'
OFFICBp
TREASURY
DEPARTMENT,
Document No. 2194.
Secretary.
A
to
CONTENTS.
Page.
RECEIPTS AND EXPENDITUEES
^
xvii
Fiscal year 1900
Fiscal year 1901
Fiscal year 1902
xvii
xxi
xxi
OPERATIONS OF THE TKEASURY
xxii
COINS AND COINAGE
xxiv
Deposits
Purchases
Coinage
Recoinage
Silver balances
Seigniorage
. Minor coinage.
Bars manufactured
Silver quotations
Earnings and expenditures
Imports and exports
Industrial arts
World's industrial arts
Metallic stock in t h e United States
Production of gold and silver
World's coinage
Old mint building, Philadelphia
XXIV
xxiv
xxiv
xxv
xxv
xxv
xxv
xxvi
xxvi
xxvi
xxvi
xxvi
xxvi
xxvi
xxvn
xxvn
xxvn
'
ENGRAVING AND PRINTING
xxvn
PUBLIC MONEYS
XXVIII
NATIONAL BANKS
xxx
National-bank changes under financial act of 1900 . . :
LOANS AND CURRENCY.
xxxi
•
xxxiv
FOREIGN COMMERCE
Insular commerce
Balance of trade
xxxvi
xxxvm
xxxvm
i
CUSTOMS
xxxix
Reorganization of districts
Special agents
Smuggling
Porto Rico and Hawaii
Board of General Appraisers
xxxix
xxxix
XL
XL
XL
ALASKA
^
Seal herd
Salmon
XLI
•
XLI
XLIII
fisheries.
INTERNAL REVENUE
xnv
DiSTRiar OF COLUMBIA
XLV
PUBLIC BUILDINGS
XLVI
Hall of Records
XLVII
IMMIGRATION
XLVII
CHINESE EXCLUSION
L
MARINE-HOSPITAL SERVICE
LI
Marine hospital for consumptives, Fort Stanton, N. Mex
Purveying depot, New York
New marine hospital for New York
New marine hospital for Honolulu
„
Aid to other services
LI
LI
LI
m
LII
III
«
IV
CONTENTS.
MARINE-HOSPITAL SERVICE—Continued.
Expenditures
Domestic quarantine
Texas border quarantine
Yellow fever
Bubonic plague
Smallpox
. Division of foreign quarantine
Hygienic laboratory
—
_
Personnel
Pajje.
LII
:LII
ini
im
];iv
].vi
LVI
LYII
LYII
REVENUE-CUTTER SERVICE
LYII
Personnel
LVIII
Vessels
Porto Rico
Bering Sea and Alaska.
i JX
ux
LX
NAVIGATION
LX
STEAMBOAT-INSPECTION SERVICE
LX m
COAST AND GEODETIC SURVEY
L2:IV
Office of standard weights and measures
LIGHT-HOUSE ESTABLISHMENT
LIFE-SAVING SERVICE
SECRET SERVICE
STATE BONDS AND STOCKS OWNED BY THE UNITED STATES
CENTRAL PACIFIC DEBT
SIOUX CITY AND PACIFIC DEBT
EXCHANGE OP PORTO RICAN CURRENCY
HAWAIIAN POSTAL SAVINGS DEPOSITS
REFUNDING THE PUBLIC D E B T
REDUCTION OF REVENUE
T H E MONEY STANDARD AND THE CURRENCY
LXVI
„
LXIX
LXXI
LXX i n
LXXIV
LXXIV
LXXV
LXXV
LXXVI
LXXVIII
LXXXI
LXXXII
Tables accompanying the report.
TABLE A.—Statement of t h e outstanding principal of t h e public debt of t h e
United States J u n e 30, 1900
LXXXVII
TABLE B..—Statement of t h e outstanding principal of t h e public debt of t h e
United States on t h e 1st of January of each year, from 1791 to
1843, inclusive; and on t h e 1st of July of each year, from 1843
to 1900, inclusive
xcix
TABLE C.—Analysis of t h e principal of the public debt of t h e United States,
from J u l y 1, 1856, to July 1, 1900
c
TABLE D.—Statement of t h e issue and redemption of loans and Treasury
notes (by warrants) for t h e fiscal year ended J u n e 30, 1900...
icii
TABLE E.—Statement showing t h e purchase and redemption of bonds on aci
count of t h e sinking fund during each fiscal year from its instiI
tution in May, 1869, to and including J u n e 30, 1900
cm
TABLE F.—Sinking-fund account for fiscal year 1900
•.
cx
TAB^E G.—Population, net revenue, and net expenditures of t h e Government
from 1837 to 1900, and per capita of t h e revenues and per capita
I
of expenditures
c!xi
TAB.LE H . — I n t e r n a l and customs revenue and expenses of collecting, from
1
1858tol900
cxn
TABLE I.—Statement showing t h e revenues and expenditures of the Government by months; t h e legal-tender notes, net gold, and available
cash in t h e Treasury at t h e end of each month; t h e monthly
redemption of legal-tender notes in gold, and t h e imports and
exports of gold, from January, 1879, to June, 1900, inclusive...
cxiii
TABLE J.—^.Statement of t h e net disbursements ( b y warrants) during the
£scal year ended J u n e 30,1900
CXKL
CONTENTS.
V
Page.
TABLE K.—Statement of receipts of the United States from March 4,1789, to
J u n e 30,1900, by calendar years to 1843 and by fiscal years
(ended J u n e 30) from t h a t time
cxxiv
TABLE L.—Statement of expenditures of the United States from March 4,
1789, to J u n e 30, 1900, by calendar years to 1843 and by fiscal
years (ended J u n e 30) from t h a t time
cxxvm
TABLE M . —Statement showing the amounts of money in the United States,
in the Treasury, and in circulation on the dates specified
cxxxii
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, 1899, to October 31, 1900
CXLH
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, 1900
cxLin
TABLE P.—Statement of customs business for the fiscal year ended J u n e 30,
1900.
CXLV
A P P E N D I X TO T H E REPORT ON T H E FINANCES.
REPORT OF THE TREASURER
Revenues and expenditures
On account of the public debt
Ordinary and debt transactions combined
July to October in two years
The reserve fund
Divisions of issue and redemption
General fund—Cash in the vaults
The public debt
Anticipation of interestPurchase of bonds
Payment of t h e funded loan of 1891
Consols of 1930
\
Security for bank circulation
Inci'ease in the currency
The monetary stock
.•
Monetary stock November 1, 1900
Working of the new financial law
Sealed and prepared for issue
Redemption of notes and certificates
Increase in small denominations
Transactions in gold
Standard silver dollars
• Subsidiary silver coin
Minor coins
The coinage
Money for moving the crops
Porto Rican coin
Spurious issues
Trustfunds
District of Columbia
.'
Redemption of national-bank notes
The work of the Treasurer's office
3-198
.'.
^...
-
3
4
4
5
5
6
7
8
9
9
10
10
11 .
12
12
13
14
15
16
18
18
19
20
20
21
21
22
22
23
24
24
25
Appendix to report of the Treasurer.
No. 1.—Revenues and expenditures for the fiscal year 1900, as shown
warrants issued
by
27
VI
CONTENTS.
REPORT OF THE TREASURER—Continued.
Page.
No.. 2.—Net ordinary revenues and expenditures for each quarter of the
fiscal year 1900, as shown by warrants issued
27
No. 3.—Receipts and expenditures on account of the Post-Office Department for the fiscal year 1900, as shown by warrants issued
27
No. 4.—Receipts and disbursements of each kind of money on all accounts
at the Treasury in Washington for the fiscal year 1900
28
No. 5.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in Baltimore for the fiscal year 1900
29
No. 6.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in New York for the fiscal year 1900
30
No. 7.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in Philadelphia for the fiscal year 1900
31
No. 8.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in Boston for the fiscal year 1900
32
No. 9.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in Cincinnati for the fiscal year 1900
33
No. 10.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in Chicago for the fiscal year 1900
34
No. 11.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in St. Louis for t h e fiscal year 1900
35
No. 12.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in New Orleans for the fiscal year 1900 . : . .
36
No. 13.—Receipts and disbursements of each kind of money bn all accounts
at the subtreasury in San Francisco for the fiscal year 1900
37
No. 14.—Total receipts and disbursements of each kind of rnoney on
all accounts at the Treasury offices for the fiscal year 1900 . . . . • 38
No. 15.—Assets and liabilities of the Treasury offices J u n e 30, 1900
39
No. 16.—Assets of the Treasury in the custody of mints and assay offices
J u n e 30, 1900
40
No. 17.—General distribution of the assets and liabilities of the Treasury
J u n e 30, 1900
41
No. 18.—Distribution of the general Treasury balance J u n e 30, 1900
41
No. 19.—Available assets and net liabilities of t h e Treasury J u n e 30, 1899
and 1900
42
No. 20.—Assets and liabilities of the Treasury in excess of certificates and
Treasury notes J u n e 30, 1899 and 1900
42
No. 21.—Unavailable funds of the general Treasury and Post-Office
Department J u n e 30, 1900
43
No. 22.—Gold coin and bullion in the Treasury at the end of each month,
from June, 1878
44
No. 23.—Silver coin and- bullion in the Treasury at the end of each
month, from June, 1878
47
No. 24.—United States notes, Treasury notes, and national-bank notes in
the Treasury at the end of each month, from June, 1878
51
No. 25.—Gold certificates, silver certificates, and currency certificates in
the Treasury at the end of each month, from June, 1878
54
No. 26.—Assets of the Treasury other than gold, silver, notes, and certificates at the end of each month, from June, 1878
58
No. 27.—Assets of the Treasury at the end of each month, from June, 1878.
61
No. 28.—Liabilities of the Treasury at the end of each month, from June,
1878
65
' No. 29.—Assets of the Treasury in excess of certificates and Treasury notes
at the end of each month, from June, 1878
68
No. 30.—United States notes of each denomination issued, redeemed, and
outstanding at the close of each fiscal year
71
No. 31.—Treasury notes of 1890 of each denomination issued, redeemed
and outstanding at the close of each fiscal year
80
CONTENTS.
REPORT OF THE TREASURER—Continued.
No. 32.—Gold certificates of each denomination issued, redeemed, and
outstanding at the close of each fiscal year, exclusive of
133,000,580.46 in irregular amounts issued and redeemed on
account of the Geneva award
No. 33.—Silver certificates of each denomination issued, redeemed, and
outstanding at the close of each fiscal year
No. 34.—Currency certificates, act of J u n e 8, 1872, of each denomination
issued, redeemed, and outstanding at the close of each fiscal year
No. 35.—Amount of United States notes. Treasury notes, and gold, silver,
and currency certificates of each denomination issued,
redeemed, and outstanding at t h e close of each fiscal year, from
1866
„
No. 36.—Amount of paper currency of each denomination outstanding at
the close of each fiscal year, from T878
No. 37.—Old demand notes issued, redeemed, and outstanding at the close
of each fiscal year
".
No. 38.—Fractional currency issued, redeemed, and outstanding at the
close of each fiscal year
No. 39.—United States paper currency outstanding at the close of each
fiscal year
No. 40.—Estimated stock of gold coin and bullion at the end of each
month, from June, 1878
No. 41.—Estimated stock of silver coin and bullion at the end of each
month, from June, 1878
No. 42.—United States notes, Treasury notes, and national-bank notes
outstanding at the end of each month, from June, 1878
No. 43.—Gold certificates, silver certificates, and currency certificates
outstanding at the end of each month, from June, 1878
No. 44.—Estimated stock of all kinds of money at the end of each month,
from June, 1878
No. 45.—Estimated amount of gold and silver in circulation at the end of
each month, from June, 1878
No. 46.—United States notes. Treasury notes, and national-bank notes in
circulation at the end of each month, from June, 1878
No. 47.—Gold certificates, silver certificates, and currency certificates in
circulation at the end of each month, from June, 1878
No. 48.—Estimated amount of all kinds of money in circulation at t h e
end of each month, from June, 1878
No. 49.—Estimated amount of gold and gold certificates, silver and silver
certificates, and notes and currency certificates in circulation
at the end of each month, from June, 1878
No. 50.—Changes in the volume of money in circulation from internal
expansion and contraction and from imports and exports of
gold during each month, from June, 1878
No. 51.—General distribution of t h e stock of money, as between the
Treasury and the circulation, at the end of each month, from
June, 1878
No. 52.—United States notes and Treasury notes redeemed in gold, and
imports and exports of gold during each month, from January,
1879
No. 53.—United States notes and Treasury notes redeemed in gold, and
imports and exports of gold during each fiscal year, from January 1, 1879
No. 54.—Treasury notes of 1890, issued, retired by redemption in silver
dollars, and outstanding, together with the silver in the Treas ury purchased by such notes, for each month
VII
Page.
81
86
90
92
100
105
105
106
107
110
113
117
120
123
127
130
134
137
141
144
148
151
152
VIII
CONTENTS.
REPORT OF THE TREASURER—Continued.
'
No. 55.—Transactions between the subtreasury and clearing house in
New York, during each month, from July, 1880
No. 56.—Amount of each kind of money used in settlement of clearinghouse balances against the subtreasury in New York during
each month, from September, 1880
No. 57.—Monthly receipts from customs at New York and percentage of
each kind of money received, from June, 1878
No. 58.—Fractional silver coin of each denomination in each office of the
Treasury and Mint J u n e 30, 1900
No. 59.—Minor coin of each denomination in each office of the Treasury
and Mint J u n e 30, 1900
No. 60.—Shipments of silver coin from each office of t h e Treasury and
Mint, from J u l y 1,1885
No. 61.—Shipments of silver coin from the Treasury offices and mints
during each fiscal year from 1886, and charges thereon for
transportation
No. 62.—Semiannual duty collected from national banks for each fiscal
year
No. 63.—Bonds held for national banks J u n e 30, 1889 and 1900, and
changes during t h e year
No. 64.—Receipts and disbursements of public moneys through nationalbank depositaries, by fiscal years.
No. 65.—Number of national banks and of national-bank depositaries, and
amount of bonds held for them at the close of each fiscal y e a r . .
No. 66.—Old demand notes of each denomination issued, redeemed, and
outstanding J u n e 30, 1900
No. 67.—Fractional currency of each denomination issued, redeemed, and
outstanding J u n e 30, 1900
No. 68.—Compound-interest notes of each denomination issued, redeemed,
and outstanding J u n e 30, 1900
No. 69.—One and two year notes of each denomination issued, redeemed,
and outstanding J u n e 30, 1900
No. 70.—United States paper currency of each class, together with one
and two year notes and compound-interest notes, issued,
redeemed, and outstanding J u n e 30,1900
No. 71.—Seven-thirty notes issued, redeemed, and outstanding J u n e 30,
1900....
No. 72.—Coupons from United States bonds and interest notes paid during
the fiscal year 1900, classified by loans
No. 73.—Checks issued for interest on registered bonds of t h e United
States during t h e fiscal year 1900
No. 74.—Interest on 3.65 per cent bonds of t h e District of Columbia paid
during t h e fiscal year 1900
^
No. 75.—Interest prepaid from October 10 to December 31, 1899
No. 76.—Bonds purchased under Department letter of November 15,1899,
from November 18," 1899, to February 3, 1900
No. 77.—Bonds exchanged during the fiscal year 1900 into consols of 1930.
No. 78.—Refunding certificates, convertible into bonds of funded loan of
1907, issued, converted, and outstanding at close of each fiscal
year
No. 79.—Pubhc debt, J u n e 30, 1899 and 1900, and changes during the year.
No. 80.—United States bonds retired, from May, 1869, to J u n e 30, 1900 . .
No. 81.—BoiK^ls and other securities retired for the sinking fund during the
fiscal year 1900, and total from May, 1869
No. 82.—Bonds called, redeemed, and outstanding J u n e 30, 1900
Page.
153
156
160
163
164
164
164
165
165
166
166
167
167
167
168
168
168
168
169
169
169
169
170
170
172
173
173
174
CONTENTS.
IX
REPORT OF THE TREASURER—Continued.
Page.
No. 83.—Public debt, exclusive of certificates and Treasury notes, at the
end of each month, from June, 1878
No. 84.—Lawful money deposited in t h e Treasury each month of t h e fiscal
year 1900 for t h e redemption of national-bank notes
No. 85.—Disbursements from redemption accounts of national banks each
month of the fiscal year 1900
No. 86.—National-banknotes received for redemption from principal cities
and other places each month of fiscal year 1900, in thousands
of dollars
No. 87.—Redemptions and deliveries of national-bank notes each month
of the fiscal year 1900
No. 88.—Redeemed national-bank notes delivered from the Treasury each
month of the fiscal year 1900
No. 89.—National-bank notes received for redemption from the principal
cities and other places, by fiscal years, in thousands of dollars.
No. 90.—Result of t h e count of national-bank notes received for redemption, by fiscal years.
No. 91.—Disposition made of t h e notes redeemed at the National Bank
Redemption Agency, by fiscal years
No. 92.—Mode of payment for notes redeemed at the National Bank
Redemption Agency, by fiscal years
No. 93.—Deposits, redemptions, assessments for expenses, and transfers
and repayments, on account of the 5 per cent redemption fund
of national banks, b y fiscal years
No. 94.—Deposits, redemptions, and transfers and repayments, on account
of national banks failed, in liquidation, and reducing circulation, by fiscal years
No. 95.—Expenses incurred in t h e redemption of national-bank notes, by
fiscal years
No. 96.—General cash account of the National Bank Redemption Agency
for t h e fiscal year 1900, and from July 1,1874
No. 97.—Assets and liabilities of t h e 5 per cent redemption fund of
national banks at t h e end of each month, from July, 1874
No. 98.—National-bank notes outstanding at t h e end of each month, and
monthly redemptions, from July, 1874
No. 99.—Average amounts of national-bank notes redeemable and amounts
redeemed, by fiscal years
No. 100.—Percentage of outstanding national-bank notes redeemed and
assorted each fiscal year, by geographical divisions
No. 101.—Changes in the force employed in the Treasurer's office.
No. 102.—Appropriations made for the force employed in the Treasurer's
office, and salaries paid during the fiscal year 1900
REPORT OF THE DIRECTOR OF THE M I N T
Legislation recommended
Remittances for minor coins
Minor-coinage metal fund
Minor coins to be made at San Francisco and New Orleans m i n t s .
Deposits of gold bullion, fiscal year 1900
Deposits of silver bullion, fiscal year 1900
Deposits of gold since 1873
Coinage of t h e United States
Coinage for foreign countries
Recoinage of standard silver dollars
.'
Bars manufactured
'
Work of
Government refineries
177.
181
181
181.
182
182
182
183
183
184
184
185
187
187
188
192
194
195
198
198
199-452
200
201
201
202
202
206
209
210
212
213
213
213
X
CONTENTS.
REPORT OF THE DIRECTOR OF THE MINT—Continued.
Purchase of silver
Balances of silver bullion
Market price of silver during fiscal year 1900
Exports of silver to the East
Net imports of silver into India since 1835
Distribution of silver dollars
Circulation of silver dollars
Seigniorage on silver coinage
Appropriations and expenditures
Earnings and expenditures of t h e refineries of t h e coinage mints and of
the assay office at New York during the fiscal ye ir 1900
Appropriations and expenditures of the office of tlie Director of the Mint
for the fiscal year 1900
Estimates of appropriations for the fiscal year 1902
Earnings and expenditures of the mints and assay offices
Classified statement of expenditures
Imports and exports of the precious metals
Movement of gold from the United States
Stock of money in the United States
. Ownership of the metallic stock
Stock and location of the metallic and paper money in the United States.
Chances for errors in t h e coin estimates
Domestic coin iii possession of travelers, correspondence relative to
Stock of gold and silver in the United States since 1873
Stock of money in the principal countries of the world in 1873
/ ^ W o r l d ' s stock of money
Gold stocks in s i g h t . ,
Gold and silver used in the industrial arts
Exchange of gold bars for gold coin
Product of gold and silver in the TJnited States
World's production, 1897, 1898, and 1899
World's coinage, 1897, 1898, and 1899
Foreign coins melted by certain countries
Recoinages of the world
Value of foreign coins
Laboratory of the Bureau of the Mint
Proceedings of the assay commission of 1900
Mint of the United States at Philadelphia
Mint of t h e United States at San Francisco, Cal
Mint of the United States at New Orleans, L a .
Assay office of the United States at New York
Mint of United States at Carson, Nev
.^
^
Mint of t h e United Statt:;S at Denver, Colo
Assay office of the United States at lielena, Mont
Assay office of the United States at Boise, Idaho
Assay office of the United States at Charlotte, N. C
Assay office of the United States at St. Louis, Mo
Assay office of the United States at Deadwood, S. Dak
Assay office of the United States at Seattle, Wash
Bullion operations, legal allowance, and wastage, fiscal year 1900
Quantity of metal operated upon, wastage and loss, fiscal year 1900
Summary of the work of the minor assay offices, 1900
Summary of operations of mints and assay offices
Metallurgical operations, 1899 and 1900
Mechanical operations, 1899 and 1900.
Page.
214
218
219
221
222
222
223
223
223
224
225
225
226
226
227
230
232
233
234
236
238
282
283
283
287
291
298
299
300
301
302
303
303
309
310
312
323
328
332
334
335
336
337
338
338
338
339
340
-340
341
341
342
342
CONTENTS.
REPORT OF THE DIRECTOR OF THE MINT—Continued.
Work of minor assay offices, 1899 and 1900
Operations of the Mint Service, 1899 and 1900
Melts of gold and silver for ingots made and condemned, 1899 and 1900..
Recent monetary legislation
Gold-standard law
Layfayette dollar
Redemption of Porto Rican money
^...
Important foreign monetary legislation
Indian currency
Costa Rica
Peru
Monetary statistics of foreign countries
Imports and exports of t h e principal countries of the world
Acknowledgments
•
XI
Page.
342
342
343
345
345
348
349
350
350
357
358
359
361
365
, Appendix to report of ihe Director of the Mint.
IX.—Mutilated and uncurrent domestic gold and silver coins transferred
from the Treasury and purchased over the counter for recoinage during
the fiscal year ended J u n e 30, 1900
X.—Quantity and cost of silver used in the coinage of silver dollars, dollars coined, and seigniorage on the same during the fiscal 1900, under
actof July 14, 1900
XI.—Coinage executed at the mints of the United States during the fiscal
year ended J u n e 30, 1900
.'
XIL—Coinage executed at the mints of the United States during the six
months ended J u n e 30, 1900
XIII.—Earnings and expenditures of the United States mints and assay
ofiices for the fiscal year ended J u n e 30, 1900
XIV.—Seigniorage on the coinage of silver and disposition of the same
during t h e fiscal year ended J u n e 30, 1900
XV.—Assets and liabilities of the United States mints and assay offices
J u n e 3 0 , 1900
.^
XX..—Recapitulation of imports and exports of bullion and coin during
the fiscal year ended J u n e 30, 1900
XXI.—Highest, lowest, and average price of bar silver in London, per
ounce, British standard (.925), since 1833, and the equivalent in United
States gold coin of an ounce 1,000 fine, taken at the average price
-XXII.—Commercial ratio of silver to gold each year since 1687
XXIII.—^Average price of an ounce of gold in London and equivalent
value in United States since 1870
XXIV.—Coinage value in gold of an ounce of fine silver at the ratios
l.:15-l:40
XXV.—Bullion value of 371^ grains of pure silver at the annual average
price of silver each year from 1837
XXVI.—Unrefined gold and silver of domestic production, by value, its
distribution by States and Territories; also refined domestic bullion (not
distributed) deposited at the mints and assay offices from their organization to the close of the fiscal year ended J u n e 30,1900
X X V I I . — P r o d u c t of gold and silver in the United States from 1792 to
1844, and annually since
XXVIII.—Coinage of nations
:
X X I X . — W o r l d ' s production of gold and silver for calendar years 1897,
1898, and 1899
XXX.—Production of gold and silver in the world since the discovery of
America
366
368
370
372
374
376
378
380
380
381
382
382
383
383
384
385
386
390
XII
CONTENTS.
REPORT OF THE DIRECTOR OF THE MINT—Continued.
Page.
XXXII.—Coinage of t h e mints of t h e United States from their organization, 1792, to J u n e 30, 1900
XXXIII.—Silver coinage, by acts and denominations, from 1792 to J u n e
30, 1900
,
XXXIV.—Coinage of the mints of the United States from their organization, by calendar years
X X X V . — I m p o r t s and exports of t h e precious metals of t h e principal
countries of t h e world
:
XXXVI.—Coinage of t h e principal countries of t h e world, so far as reported, since 1873
X X X V I I I . — M o n e t a r y systems of t h e principal countries
X X X I X . — S u m m a r y of t h e monetary events since 1786
REPORT OF THE COMPTROLLER OF THE CURRENCY
392
393
394
416
441
449
450
453-524
Condition of banks
Amendments recommended
Expiration of charters of national banks and extension of corporate
existence
Restrictions upon loans to directors and executive officers of banks
General limitation of loans
Recommendations of provisions requiring t h e strengthening of general
cash reserve..
Recommendation as to fees for national-bank examinations
International and intercolonial banks and reports as to banking systems
in Porto Rico, Hawaii, and t h e Philippines
Currency act of March 14, 1900
Organization, etc., of national banks and operation of law of March 14,
1900
Earnings and dividends
Taxes and expenses
National-bank circulation and bonds
Insolvent national banks
^
State banks, etc
Loan and trust companies and private banks
.
Savings banks
Banking power of t h e world
_
Foreign banks
453
456
457
458
463
469
471
471
473
474
477
477
478
479
481
483
484
487
488
Appendix to report of the Comptroller of the Currency.
United States currency
Currency of t h e islands
Effects on trade of t h e Mexican-dollar currency
Banco Espafiol Filipino
Monte de Piedad y Caja de Ahorros
Banking institutions of Porto Rico—Bank of Porto Rico
Credito y Ahorro Ponceno
Banco Territorial y Agricola
Banco Popular
American Colonial Bank
i
REPORT OF THE REGISTER OF THE TREASURY
Division of loans
Prepayment of interest
Purchases of bonds
Refunding t h e public debt at 2 per cent
Spanish indemnity certificates
Card system for accounts with holders of bonds
Clerical force
Division of notes, coupons, and currency
491
491
492
512
514
518
520
521
522
522
525-541
-
525
527
528
528
529
530
531
531
CONTENTS.
REPORT OF THE COMMISSIONER OF INTERNAL REVENUE
XIII
Page.
543-683
Collections for t h e fiscal year ended J u n e 30, 1900
Receipts for t h e past ten fiscal years
Schedule of articles and occupations subject to tax under the internalrevenue laws of t h e United States in force November 1, 1900
Stamp duties on and after J u l y 1, 1898
-...
Excise taxes on persons, firms, companies, and corporations engaged in
refining petroleum and sugar, etc
Internal-revenue receipts during t h e last two fiscal years
Withdrawals, for consumption during t h e last two fiscal years
Receipts by States and Territories during the last fiscal year
Receipts tor the first three months, current fiscal year
Estimated receipts for the current fiscal year
Cost of collection
Percentage of cost of collection
Miscellaneous expenses
Estimated expenses for next fiscal year
Salaries
Scale of salaries of collectors
Official force
Storekeepers, gaugers, etc
Renewal of official bonds
Condition of the service
Revenue agents' division
Expenses of revenue agents
Expenditures for t h e discovery and punishment of violators of t h e law . .
Stamp division
Manufacture of stamp paper
Production of stamps
Stock of stamps in vault
Tobacco division
Increased receipts
Comparative statement
....
Annual production of tobacco, snuff, cigars, and cigarettes
Manufactures of tobacco
Production of manufactured tobacco, snuff, cigars, and cigarettes during
the past ten calendar years
• Quantity of leaf tobacco used by manufacturers during t h e past ten years.
Annual production of leaf tobacco in t h e United States
Imports and exports of tobacco, unmanufactured, for last ten calendar years.
Manufacture of tobacco products for t h e calendar year 1899
Number, by districts, of cigar manufacturers' accounts reported, quantity
of tobacco used, and number of cigars reported manufactured during
calendar year ended December 31,1899
Number, by States, of cigar manufacturers' accounts reported, quantity of
tobacco used, and number of cigars reported manufactured during calendar year ended December 31,1899
Number, by districts, of cigar manufacturers' accounts reported, quantity
of tobacco used, and number of cigarettes reported manufactured during
calendar year ended December 31,1899
Detailed statement of number of tobacco factories in each district and
State, and t h e aggregate quantity of leaf tobacco and other materials
used during calendar year ended December 31,1899
Detailed statement of aggregate quantities of different kinds of manufactured tobacco produced in each district and State during calendar year
ended December 31,1899, etc
1
Summary of operations of manufactures of tobacco, etc
544
544
544
546
549
549
552
553
554
555
556
556
556
557
557
557
558
559
560
560
561
561
561
563
563
564
564
565
565
566
566
568
570
571
571
572
573
575
577
578
579
.583
587
XIV
CONTENTS.
REPORT OI.*^ THE COMMISSIONER OP INTERNAL REVENUE—Continued.
Opium
Chewing gum
Division of law
Abstracts of reports of district attorneys for fiscal year 1899-1900 of internalrevenue suits and prosecutions pending, commenced, and disposed of..
Detailed abstract of reports of United States district attorneys of suits and
prosecutions under internal-revenue laws during fiscal year 1900
Offers in compromise
Seizures for violation of internal-revenue laws
Abatement and refunding of taxes
Refunding claims
Real estate acquired by the United States under internal-revenue l a w s . . .
Moneys paid to collectors
Sales under section 3460, Revised Statutes
Statement showing, by collection districts, actual number of different kinds
of special-tax payers for fiscal year ended J u n e 30, 1900; also number of
billiard tables and bowling alleys for which special tax was paid for
same period
Decisions in the United States Supreme Court
Stamp tax on express packages
Collectors' records
Decisions in United States circuit and district courts and in United States
circuit court of appeals
Stamp tax on dramshop bonds given by saloon keepers under State laws.
Stamp tax on bond of a notary public
Stamp tax on stock transactions
Stamp tax on calls
Stamps on bills of lading
Stamp tax—Orders for the payment of money
Test case in regard to coupons in packages of tobacco
Special tax—Wholesale dealers in oleomargarine
Special tax—Rectifier
Special tax—Wholesale liquor dealer
Special tax—Social clubs
Oleomargarine
Fermented liquors
Mixed
flour
Tax on distilled spirits
Forfeiture—Innocent parties
Sugar refineries
Additional tax on tobacco in hands of dealers
Examination of books
Stamps on tax certificates in the District of Columbia
Decisions of t h e Attorney-General
Amendments to the law recommended
Amendments to the act of J u n e 13,1898
Certificates
Bank checks
Two instruments combined in one
•.
Patent medicinal preparations
Amendment of section 13
Parlor-car and sleeping-car tickets
Legacy tax
Increase of discount on sales of adhesive stamps
Page.
587
588
589
589
590
595
595
596
597
597
598
599
600
604
604
605
606
607
608
608
609
609
609
610
610
610
610
611
612
612
612
613
613
613
614
614
614
615
616
616
616
616
617
617
617
617
'617
618
CONTENTS.
REPORT OF THE COMMISSIONER OF INTERNAL REVENUE—Continued.
Amendments to the law recommended—Continued.
Special taxes
Compensation of revenue agents..
.*
Division of distilled spirits
-^
:
Distilleries registered and operated
1
Number of fruit distilleries registered and operated during fiscal year
ended J u n e 30, 1900, by collection districts
Number and capacity of grain and molasses distilleries in operation at
beginning of each month, during fiscal year ended J a n e 30, 1900, and
first three months of present fiscal year
Comparative statement showing number and capacity of grain and molasses
distilleries in operation on first day of September in each of the years
1880 to 1900, inclusive
Number of grain distilleries of different capacities registered and operated
during fiscal year ended J u n e 30, 1900, by collection districts
Number of grain distilleries of different capacities registered and operated
during fiscal year ended J u n e 30, 1900, by States and Territories
Comparative statement of distilleries registered and operated during fiscal
years ended J u n e 30, 1899 and 1900
Molasses distilleries
Fruit distilleries
Total distilleries registered and operated
Quantities of grain and other materials used for production of distilled
spirits during fiscal year ended J u n e 30,1900, by collection districts
Quantities of grain and other materials used for production of distilled spirits during fiscal year ended J u n e 30, 1900, by States and Territories
Comparative statement of materials used and spirits produced during last
ten fiscal years
'
Quantity of each kind of fruit brandy produced during fiscal year ended
J u n e 30, 1900, by collection districts
.-.
.^
Quantity of each kind of fruit brandy produced during t h e fiscal year
ended J u n e 30, 1900, by States and Territories
Number of gallons of spirits rectified in t h e United States during the year
ended J u n e 30,1900, by collection districts
:
Number of gallons of spirits rectified in t h e United States during year
ended J u n e 30, 1900, by States and Territories
Quantities, in taxable gallons, of distilled spirits gauged during fiscal year
ended J u n e 30, 1899, by collection districts
Quantities, in taxable gallons, of distilled spirits gauged during fiscal year
ended J u n e 30, 1899, by States and Territories
Quantities, in taxable gallons, of distilled spirits gauged during fiscal year
ended J u n e 30, 1900, by collection districts
Quantities, in taxable gallons, of distilled spirits gauged during fiscal year
ended J u n e 30, 1900, by States and Territories
Production of fermented liquors in the several collection districts of the
United States for fiscal year ended J u n e 30, 1900
Production of fermented liquors in the several States and Territories of the
United States for fiscal year ended June.30, 1900
Division of assessments
Assessments, by States and Territories, 1900
Assessments, by articles and. occupations, 1899 and 1900
Statement as to stamp taxes assessed
Increased production of spirits
XV
Page.
618
624
626
626
627
627
628
629
631
632
632
633
633
634
636
637
638
639
640
640
641
643
645
647
649
649
650
650
651
652
652
XVI
CONTENTS.
REPORT OF THE COMMISSIONER OF INTERNAL REVENUE—Continued.
Distilled spirits deposited in distillery warehouses during t h e past twentythree years
Quantity, in taxable gallons, of each kind of spirits, as known to t h e trade,
withdrawn from distillery warehouses, tax paid, during fiscal year 1900.
Increased withdrawals of tax-paid spirits . . . ^
Increase of leakage allowed
Distilled spirits allowed for loss by leakage or evaporation in distillery
warehouses
Exportation of distilled spirits, by districts, withdrawn from distillery
warehouses in 1900
Decrease in t h e exportation of distilled spirits
Exportation of distilled spirits
f.
Quantity, in taxable gallons, of each kind of spirits, as known to t h e
trade, transferred from distillery warehouses for bottling in bond for
export during fiscal year ended J u n e 30, 1900
Spirits removed in bond for export
Statement, by districts and kinds, of t h e quantity of spirits withdrawn
from distillery warehouses for scientific purposes and for use of t h e
United States during t h e fiscal year ended J u n e 30, 1900
Increased withdrawal of spirits for scientific purposes
Quantity of spirits withdrawn for transfer to manufacturing warehouses
during fiscal year ended J u n e 30, 1900
Spirits lost by fire in warehouses for t h e last twenty-eight years
Quantity of distilled spirits, as known to t h e trade, produced, withdrawn,
and remaining in warehouses in United States for fiscal year 1900
Quantity of each kind of spirits known to t h e trade withdrawn, upon payment of tax, from general bonded warehouses during fiscal year 1900 . . .
Quantity of distilled spirits of different kinds, as known to t h e trade, produced, withdrawn, a n d remaining in general bonded warehouses in
United States for fiscal year ended J u n e 30, 1900
Stock on hand, production, and movement of spirits for six years
Summary of operations at distillery and general bonded warehouses during fiscal year ended J u n e 30, 1900
Quantity of different kinds of brandy produced, withdrawn, a n d remaining in special bonded warehouses for fiscal year ended J u n e 30,1900 . . .
Fortification of wines with grape brandy free of t a x
E x p o r t of manufactured tobacco and snuff in bond
Exportation of cigars and cigarettes in bond
Exportation of playing cards in bond during fiscal year ended J u n e 30,1900.
Exportation of proprietary articles
Fermented liquors removed from breweries in bond, free of tax, from
J u l y 1, 1899, to J u n e 30, 1900, under act of J u n e 18, 1890
. Fermented liquors removed from breweries in bond for export during year
ended J u n e 30, 1900, by districts
Drawback of internal-revenue taxes allowed on exported merchandise
during fiscal year ended J u n e 30,1900
Recapitulation of drawback of internal-revenue taxes allowed during fiscal
years 1863 to 1900, inclusive
Oleomargarine
Operations in oleomargarine during t h e last two fiscal years
Receipts under t h e oleomargarine law during t h e fiscal year 1900
Filled cheese
Mixed
flour.'
'
.:
Receipts under mixed-flour law during fiscal year ended J u n e 30, 1900 . . .
Division
,P,,^,^^..,.-..^P.,^^...,,-.^^^^...P,
of chemistry
Page.
653
654
656
657
657
658
659
659
660
660
661
661
662
663
664
665
665
666
667
668
668
669
670
671
672
673
673
673
674
675
675
677
678
680
682
683
ANNUAL REPORT ON THE FINANCES.
TREASURY DEPARTMENT,
Washington, D. C, December 4, 1900.
SIR : I have the honor to submit the following report:
RECEIPTS AND EXPENDITURES.
Fiscal year WOO.
The revenues of the Government from all sources (by warrants) for
the fiscal year ended June 30, 1900, were:
From internal revenue
From customs
From profits on coinage, bullion deposits, etc
From District of. Columbia
From fees—consular, letters patent, and land
From sales of public lands
From tax on national banks
From navy pension, navy hospital, clothing, and deposit funds
From sales of Indian lands
From payment of interest by Pacific railways
,
From miscellaneous
From sales of Government property
From customs fees, fines, penalties, etc
From immigrant fund
From deposits for surveying public lands
From sales of ordnance material
From Soldiers' Home, permanent fund
From tax on seal skins, and rent of seal islands
From license fees, Territory of Alaska
From trust funds, Department of State
From depredations on public lands
From Spanish indemnity
From salesof lands and buildings
From part payment Central Pacific Railroad indebtedness
..,
From dividend received for account of Kansas Pacific Railway
From Postal Service
Total receipts
\
$295, 327, 926 76
233,164, 8 7 M 6
9,992,374 09
4,008,722 77
3, 291, 716. 68
2,836,882:98
1, 998, 554. 00
1, 621, 558. 52
1, 384, 663. 49
1,173, 466. 43
997, 375. 68
779, 522. 78
675,706.95
537, 404. 81
273, 247.19
257, 265. 56
247, 926. 62
225, 676. 47
157, 234; 94
'
152,794. 56
76,307.58
57, 000. 00
3,842,737. 68
3, 338, 016. 49
821, 897. 70
102,354,579.29
669,595,431.18
The expenditures for the same period were:
For the civil establishment, including foreign intercourse, public
buildings, collecting the revenues, District of Columbia, and other
miscellaneous expenses
$98, 542, 411. 37
For the military establishment, including rivers and harbors, forts,
arsenals, seacoast defenses, and expenses of the war with Spain and
i n t h e Philippines
134,774,767.78
For the naval establishment, including construction of new vessels,
machinery, armament, equipment, improvement at navy-yards, and
expenses of the war with Spain and in the Philippines
55, 953, 077. 72
For Indian Service
10,175,106.76
Forpensions
140,877,316.02
For interest on the pubhc debt
40,160,333.27
For deficiency in postal revenues
7, 230, 778. 79
For Postal Service
102,354,579.29
Total expenditures
Showing a surplus of
FI 1 9 0 0
II
590,068,371.00
79,527,060.18
XVII
REPORT ON THE FINANCES.
XVIII
In addition to the revenues collected during theyear and the amounts
received on the indebtedness of Pacific railroads, the cash in the
Treasury was increased by the following sums: From subscriptions to
the 3 per cent ten-twenty bonds issued under authority of the act of
June 13, 1898, for the Spanish war expenditures, $113,920, and from the
issue of 4 per cent bonds in liquidation of interest accrued on refunding certificates converted during the year, $1,490, making a total of
$115,410.
The securities redeemed on account of the sinking fund were as
follows:
Fractional currency
Bounty land scrip
,
Compound-interest notes
One-yearnotesof 1863
Two-yearnotesof 1863
Loanof July and August, 1861
Seven-thirties of 1864 and 1865
Fundedloanof 1881, called
Funded loan of 1891, called
Funded loan of 1891, continued at 2 per cent
National-bank notes
Bonds purchased—
Funded loan of 1907
Loan of 1904
$2, 418.25
100.00
1, 710. 00
220.00
100.00
500.00
750.00
.-.
300.00
36, 600. 00
3, 384, 650. 00
669, 503. 00
$14, 310, 350. 00
4, 990, 300. 00
19, 300, 650. 00
Premium on bonds purchased—
Funded loan of 1907
Loanof 1904
1, 824, 569. 40
548,933.00
•
Premium on bonds exchanged—
Funded loan of 1907
Loan of 1904
Loan of 1908-1918
2,373,502.40
22,071,956.35
4,736,486.72
3, 965,109. 34
30, 773, 552. 41
Total
56,544,556.06
As compared with the fiscal year 1899, the receipts for 1900 increased
,613,426.83, as follows:
Increase in receipts for 1900.
Source.
1900.
Increase.
Internalrevenue
^273,437,161.51 $295,327,926.76 $21,890,765.25
206,128,481.75 233,164,871.16 27,036,389.41
Customs
3,828,117.85
9,992,374.09
6,164,256.24
Profits o n coinage, bullion deposits, etc..
T a x o n s e a l s k i n s , a n d r e n t of s e a l
225, 676.47
1,116,911.34
islands
1,384,663.49
1,476,175.00
S a l e s of I n d i a n l a n d s
779,522.78
828,584.74
Salesof Government property
2,836,882.98
1,678,246.81
S a l e s of p u b l i c l a n d s
1,158,636.17
4,008,722.77
4,016,531.57
D i s t r i c t of C o l u m b i a
Navy pension, n a v y hospital, clothing,
1,621,558.52
1,343, 563.
a n d deposit funds
277, 994.64
3,291,716.68
2,805, 435.
486, 281.33
Fees—consular, letters patent, a n d land.
76,307.58
Depredations on public l a n d s
157, 671.
675,706.95C u s t o m s fees, fines, p e n a l t i e s , e t c
668, 072.
7, 634.86
537,404.81
I m m i g r a n t fund
393, 439.
143, 965.60
145, 008.49
273,247.19
D e p o s i t s for s u r v e y i n g p u b l i c l a n d s
128, 238.
S i n k i n g f u n d for Pacific r a i l w a y s
274, 887.
732, 219.73
1,173,466.43
441 246.
P a y m e n t of i n t e r e s t b y P a c i f i c r a i l w a y s .
3,809, 981.58
32, 756.
3,842,737.68
S a l e s of l a n d s a n d b u i l d i n g s
86, 142.75
1,912, 411.
T a x on national b a n k s
1,998,554.00
160, 088.39
Soldiers' H o m e , p e r m a n e n t fund
247,926.62
87,
Decrease.
$891,234.87
91,511.51
49,061.96
7,808.80
81,363.92
274,887.37
SECEETAEY OF T H E
TEEASUEY.
XIX
Increase in receipts for 1900—Continued.
1899.
Source.
1900.
Increase.
;
.
Total
Net increase
$1,364,405.18
257,265 56
$376,346.90
174,927.14
821,897.70
821,897.70
3,338,016.49
102,354,579.29
7,333,195.12
610,982,004.35
Postal Service
$988,058.28
82,338.42
11,798,314.14
95,021,384.17
Miscellaneous
Salesof ordnance material
D i v i d e n d p a i d b y r e c e i v e r s of U n i o n
Pacific R a i l r o a d for a c c o u n t of K a n S8S P a c i f i c
P a r t p a y m e n t C e n t r a l Pacific R a i l r o a d
669,595,431.18
Decrease.
$8,460,297.65
68,469,592.91
9,856,166.08
58,613,426.83
-.
There was a decrease of $117,358,388.14 in expenditures, as follows:
Decrease in expenditures for 1900.
Object.
1899.
1900.
$11,177,369.61
$9,972,216.93
$1 205 152 68
210,592.82
207,824.95
2,767.87
145,406.83
2,401,088.46
325,118.68
141,371.22
3,209,865.61
4,937.04
Increase.
Decrease.
CIVIL ESTABLISHMENT.
Legislative—
Salaries a n d exnenses
Executive proper—
Salaries a n d exnenses
D e p a r t m e n t of S t a t e —
Salaries a n d exnenses
National defense
Treaty obligations between United
S t a t e s a n d S p a i n i n 1898
Treasury Department—
Salaries and expenses
Territorial governments
Salaries, etc , internal r e v e n u e
R e f u n d for l a n d s o l d for d i r e c t t a x e s . .
Miscellaneous internal revenue
Collecting customs r e v e n u e
R e f u n d i n g e x c e s s of d e p o s i t s , c u s toms
D e b e n t u r e s o r d r a w b a c k s , c u s t o m s ...
Miscellaneous items, customs
Revenue-Cutter Service
Regulating immigration
Chinese-exclusion acts
N e w r e v e n u e vessels
Alien contract labor laws,
Marine-Hospital Service
Life-Saving Service
Light-House Establishment
Coast a n d Geodetic Survey
Steamboat'-Inspection Service
Engraving and printing
Public buildings
F u e l , etc., public buildings
Custodians and janitors
P u r n i t u r e for p u b l i c b u i l d i n g . s
H e a t i n g a p p a r a t u s , public buildings...
"Vaults, safes, e t c . , p u b l i c b u i l d i n g s . . . . .
Fish hatcheries
Salaries a n d expenses. Fish Commission
:
N a t i o n a l M u s e u m '.
Zoological P a r k
Smithsonian Institution
R e d e m p t i o n a n d r e c o i n a g e of P o r t o
Rican coins
Interstate Comraerce Commission
E x p e n s e s of T r e a s u r y n o t e s
F r e n c h spoliation claims
Claims under B o w m a n and Tucker
acts
Philadelphia Exposition
4,035.61
$808,777.15
320 181 64
20,000,000.00
20,000,000.00
90,969.67
83,126.6(»
3,186,817.00
599,685.25
1,488,270.92
164,634.17
4,227,460.87
14,999.07
256,686.93
7,361,562.83
3,277,786.67
682,811.85
1,479,648.25
89,923.95
4,330,135.57
1,799.56
659,742.28
7,467,692.48
3,637,799.90
3,991,200.05
238,881.32
1,040,594.64
263,079.06
94,084.51
206,156.35
88,396.64
788,043.21
1,528,895.39
3,118,833.50
659,412.43
331,678.33
1,612,926.18
3,861,194.30
851,295.72
939,921.37
292,075.64
150,117.39
51, 323.64
62,510.75
4,688,122.97
5,699,415.88
239,108.13
I,229,337.57
290,006.00
128,265.73
86,004.77
90,047.81
982,495.77
1,579,127.73
3,556,840.70
528,156.05
316,140.85
1,807,169.59
6,346,657.85
874,811.30
976,267.97
208,583.65
127,764.10
47,672.95,
58,443.22
370,700.67
235,389.45
63,141.12
134,424.54
461,866.68
222,617.53
63,000.65
141,888.68
91,166.01
240,799.80
137,650.05
880,034.12
2,205,112.58
242,914.07
16,978.43
77:101.02
2,205,112.58
2,114.27
1,413,040.40
350,000.00
171,799.45
8,622.67
74,710.22
102,674.70
13,199.51
403,055.35
106,129.65
1,050,323.07
1,708,215.83
226.81
188,742.93
.26,926.94
34,181.22
120 151 58
1,651.17
194,452.56
50,232.34
438,007.20
131 256 38
15,537.48
194,243.41
2,485,463.55
23,515.58
36,346.60
83,491.99
22 353 29
3,650.69
4,067.53
12,771.92
140 47
7,464.14
120,671.62
802,933.10
1,241,240.95
350,000.00
E E P O E T ON T H E
XX
FINANCES.
Decrease in expenditures for 1900—Continued.
Object.
Treasury Department—Continued.
Bufl^'alo E x p o s i t i o n , N i a g a r a f r o n t i e r .
Omaha Exposition
Epidemic diseases
E x p e n s e s , l o a n of 1898
E x p e n s e s , l o a n of M a r c h 14, 1900
National defense
Miscellaneous items
,
War Department—
Salaries a n d expenses
Navy Department—
Salaries a n d expenses
Interior D e p a r t m e n t Salaries and expenses
Public L a n d s Service
C o l l e g e s for a g r i c u l t u r e
T w e l f t h Census....
Miscellaneous items
Post-Ofiice D e p a r t m e n t Salaries a n d expenses
Deficiency in postal r e v e n u e s
Mail t r a n s p o r t a t i o n , Pacific railways
:
D e p a r t m e n t of A g r i c u l t u r e —
Salaries a n d expenses
Weather Bureau
D e p a r t m e n t of L a b o r —
Salaries and expenses
D e p a r t m e n t of J u s t i c e Salaries a n d expenses
S a l a r i e s of j u s t i c e s , a s s i s t a n t a t t o r neys, etc
S a l a r i e s , fees, a n d e x p e n s e s of m a r shals
F e e s of w i t n e s s e s
S a l a r i e s a n d fees of d i s t r i c t a t t o r n e y s
Feesof jurors
F e e s of c l e r k s
Feesof commissioners
Supportof prisoners
P a y of bailiffs
Judgments, United States courts
Miscellaneous items
D i s t r i c t of C o l u m b i a —
Salaries a n d expenses...
T o t a l Civil E s t a b l i s h m e n t . .
Increase.
$71, 279.03
$82, 774.35
272, 085.70
232, 529.70
$71,279.03
"sii'.069!96
"46, 92*4! 26
$82,774.35
* 232,"529.76
10,160.25
145, 008.09
524, 026.97
160.25
089.69
628.08
2,554,110.89
2,875, 560.89
321,450.00
412,630.60
425, 234.66
12,604.06
4,700, 358.50
2,389, 184.14
1,152, 000.00
50, 000.00
674, 935.59
4,767, 172.82
2,613, 664.22
1,200, 000.00
547.90
286.50
942, 218.03
8.211, 570.08
928, 557.99
7,230, 778.79
2, 454, 314.10
1,039, 060.60
2,636, 074.12
776.42
181,760.02
173,009.74
2,107.66
598,
"356, "eoi! "ii
""i42","9i8"."46
66,814.32
224,480.08
48,000.00
= 888,547.90
28,649.09
13,660.04
980,791.29
11,430.87
49,284.18
436,733.03
50,600.53
1,071,464.64
1,079,336.73
7,872.09
1,154. 856.78
982; 102.50
462, 482.64
528.46
290, 291.77
161, 937.27
702: 160.74
172, 085.12
835.03
649,790.65
1,109,313.27
861,793.76
421,153.83
579,000.83
251,859.05
145,636.35
699,303.58
137,181.88
5,009.76
648,003.24
6,735,039.16
119,191,255.90
7,108,581.57
45,543.51
120,308.74
41,328.81
15,527. 63
38,432.72
16,300.92
2,857.16
34,903.24
34,825.27
1,787.41
373,542.41
105,773,190.16 13,001,293.92
26,419,359.66
MILITARY ESTABLISHMENT.
National defense
E m e r g e n c y fund
Refunding custoras r e v e n u e collected
from P o r t o Rico
Pay Department
E x t r a pay, w a r with Spain
Subsistence Department
Quartermaster's Department
Medical Department
;
Ordnance Department
Engineer's Department
Signal Service
Military telegraph a n d cable lines
Military Academy
Improving harbors
I m p r o v i n g rivers
B r i n g i n g h o m e r e m a i n s of officers, soldiers, a n d others
Military posts
R e c o r d s of t h e R e b e l l i o n
,
N a t i o n a l H o m e for D i s a b l e d S o l d i e r s
S t a t e h o m e s for d i s a b l e d s o l d i e r s
S u p p o r t o f Soldiers' H o m e
Soldiers' H o m e , p e r m a n e n t fund
Soldiers' H o m e , interest account
R e i m b u r s i n g States a n d Territories, exp e n s e s of r a i s i n g t r o o p s , S p a n i s h w a r . .
Miscellaneous items
Total Military Establishment...
8,889,291.81
3,000,000.00
69,588,579.42
3,005,000.00
17,203,367.99
81,782,869.78
2,186,283.86
19,396,663.76
1,315,096,04
378,419.14
174,000.00
161,771.89
4,541,686.27
11,540,855.15
1,269,54G. 58
1,040,383.70
7,619,745.23
1,959,616.30
545,000.00
545,000.00
31,951 556.59
910,321.37
10,407,631.76
48,234,609.92
651,310.23
2,837,594.09
10,790,926.13
555,933.09
225,582 92
60,000.00
199,902.66
38,130.77
5,975,169.31 1,433,483.04
12,743,695.51 1,202,840.36
37, 637,022.83
2,064,678.63
6,795,736.23
33,548,259.86
8,605,737.63
759,162.95
152,836.22
114,000.00
110,680.08
452,053.61
352,919.12
99,204.37
3,055,783.18
1,032,345.07
87,838.23
141,400.00
80,905.74
110,680.08
804,972.73
21,173.29
2,849,631.39
• 868.709.13
247,926.62
. 317,000.00
77,977.62
1,281,878.07
545,095.58
1,131,881.04
566,962.25
21,866.67
134,774,767.78
4,791,053.15
229,841,254.47
78,031.08
206,151.79
163,635.94
160,088.39
175,600.00
2,928.12 •
149,997.03
1,857,539.84
SECEETAEY OF T H E
XXI
TEEASUEY.
Decrease in expenditures for 1900—Continued.
Object.
1900.
Increase.
Decrease.
NAVAL ESTABLISHMENT.
$5,152,636.62
3,043,857.56
197,701.02
856,263.95
277,217.89
373,834.97
449,408.54
682,491.03
292,372.45
371,269.70
271,101.46
445,043.35
703,607.97
340,441.61
830,463.57
286,170.05
927,034.50
118,624.69
519,057.50
55,953,077.72
7,668,670.36
10,175,106.76
140,877,316.02
40,160,333.27
1,482,386.95
263,408.25
605,072,179.85
G r a n d total....
'2," 027," " m 67
12,805,711.14
139,394,929.07
39,896,925.02
Total Naval Establishment..
I n d i a n Service
Pensions
Interest on t h e public debt..
4,476, 759.21
3,329, 324,20
418, 617,24
5,781, 245.81
3,659, 203.82
2,531, 549.71
3,518, 421.26
286, 798.93
],79H, 871.61
400, 692.31
11,863, 099.11
1,398, 140.28
234, 628,50
63,942,104.25
National defense
E m e r g e n c y fund
I n c r e a s e of t h e N a v y
"Vessels for a u x i l i a r y n a v a l force
,
B u r e a u of Y a r d s a n d D o c k s
B u r e a u of E q u i p m e n t
,
B u r e a u of N a v i g a t i o n
B u r e a u of C o n s t r u c t i o n a n d Repair.,,
B u r e a u of O r d n a n c e
B u r e a u of S t e a m E n g i n e e r i n g
B u r e a u of S u p p l i e s a n d A c c o u n t s
B u r e a u of M e d i c i n e a n d S u r g e r y
MarineCorps
Naval Academy
,
P a y o f the Navy
General accountof advances
Miscellaneous items
487,713,791.71 27,206,812.63 144,565,200.77
$1,045,064.40
812,406.39
14,398,254.94 |$4,I2I,037.05
373,834.97
N e t decrease...
"i"* 353,1^6,'83
' " 126* "244!'79
1,590,023.89
611,897,64
913,493.64
2,185,186.71
53,642.68
31,591.96
114,522.26
62,935.39
1,279," 5i"5!59
"•2"84,"429.'6o
15,657,696.89
2,630,604.38
117,358,388.14
Fiscal year 1901.
The revenues of the Government for the current fiscal year are thus
estimated upon the basis of existing laws:
From
From
From
From
customs
internal revenue
miscellaneous sources
Postal Service
$245,000,000.00
300,000,000.00
35, 000, 000. 00
107,773,253.92
Total estimated revenues
687,773,253.92
The expenditures for the same period are estimated as follows:
For the civil establisliment
Fortlie military establishment
For the naval establishment
For the Indian Service....
Forpensions
For interest on the publicdebt
For Postal Service
$115, 000, 000. 00
140,000,000.00
60,000,000.00
11,000,000.00
142,000,000.00
32,000,000.00
107,773,253.92
Total estimated expenditures
607,773,253.92
Or a surplus of..
80,000,000.00
Fiscal year 1902.
It is estimated that upon the basis of existing laws the revenues of the
Government for the fiscal year 1902 will be:
From
From
From
From
customs
internal revenue
miscellaneous sources
Postal Service
Total estimated revenues
$255,000,000.00
310, 000, 000. 00
35, 000, 000. 00
116,633,042.00
,
;
716,633,042.00
XXII
E E P O E T ON THE FINANCES.
The estimates of appropriations required for the same period, as submitted by the several Executive Departments and ofSces, are as follows:
Legislative establishment.
;
Executive establishment— .
Executive proper
State Department
Treasury Department
War Department
Navy Department..
Interior Department....
Post-OfficeDepartment
Departmentof Agriculture
Department of Justice
Department of Labor
Judicial establishment
Foreign intercourse
Military-establishment
Naval establishment
Indian affairs
Pensions
,
Public works—
Legislative
Treasury Department
War Department
Navy Department
Interior Department
Department of Agriculture
Department of Justice
$4,756, 004.43
$283,400.00
177,510.00
9,977,757.00
2,313,336.00
570,818.00
5,105,264.00
1,061,570.00
4,469, 050. 00
230, 550. 00
177,980.00
24, 367, 235. 00
745, 320. 00
1,897,638.76
113, 568, 319. 39
70,869,070.76
9, 250, 571. 09
145,245,230.00
.'
1,309,500.00
9, 670, 675. 98
51,171,516.36
16, 303, 360. 00
738,800.00
200,000.00
304,000.00
79,697,852.34
Miscellaneous—
Legislative
Treasury Department
War Department....
Interior Department
Department of Justice
District of Columbia
4,891,196.02
15,684,279.51
5,194,174.00
6,878,840.00
5,622,800.00
9, 080, 703. 94
47, 351, 993. 47
Postal Service, including $4,634,307 deficiency in postal revenues
121, 267, 349. 00
Permanent annual appropriations^
Interest on the public debt
31, 000, 000. 00
Refunding^customs, internal revenue, etc
7, 780, 000. 00
Collecting revenue from customs...%
5, 500, 000. 00
Miscellaneous
27,078,220.00
71,358,220.00
Total estimated axipropriations, exclusive of sinking fund
Or an estimated surplus of
690, 374, 804. 24
26,258,237.76
OPEEATIONS OF THE TEEASUEY.
The Treasurer calls attention to the marked irregularity in the receipts
and expenditures, pointing out that while in July, 1899, there was a
deficiency of $8,506,832.28, in June, 1900, a surplus of $17,895,158.86
was realized. The greatest difference between income and outgo on
any one day was $4,047,396.05 in favor of the Treasury. The corresponding maximum deficiency was $2,318,621.42. In the face of such
wide fluctuations the necessity for ample available reserves is apparent,
and the Treasurer names $50,000,000 as a proper sum to keep in the
Government vaults.
SECEETAEY OF THE TEEASUEY.
XXIII
Promptly on the passage of the act of March 14, 1900, there were
transferred to the divisions of issue and redemption the records and
accounts relating to the issue and redemption of the Government notes
and certificates. Up to October 1 the total redemptions in gold from
the new reserve fund of $150,000,000 were $22,530,854 in United States
notes and $3,594,708 in Treasury notes. The sums drawn from the
reserve have been daily restored from the gold in the general fund.
Exclusive of that reserve, the assets and liabilities of the new divisions
were $723,062,283 on the day of their creation, $723,544,179 on June 30,
and $740,965,679 on November 1.
Comparison of the state of the Treasury shows an increase of
$24,887,093.39 in the available cash balance, exclusive of the reserve
of $150,000,000, for the year. The cash actually in the vaults of
the Treasury, as distinguished from the deposits in banks and other
assets not consisting of money, increased by $6,621,398.14. The most
notable increase was in the smaller denominations of paper currency,
which are in demand for moving the crops. Of these, the Treasury
held $14,062,172 more than last year. The excess of assets over current
liabilities was, on June 30, $49,723,017,60 in 1899, and $50,327,501.76
in 1900.
As the resources of the Treasury became greater than its immediate
needs, a series of measures were adopted for restoring the surplus to the
uses of business. After September 18, 1899, interest due October 1
was paid in advance of maturity to the amount of $3,208,027. From
October 10, in like manner, anticipation was made of $916,038.61, due
November 1, and after December 15, of $3,398,504.50, due January 1.
An offer made on October 10 to prepay all interest accruing to July 1,
1900, at a rebate of two-tenths of one per cent a month, was accepted to
the amount of $2,229,191.35, on which the rebate was $21,101.78. On
November 15 a proposal was made to purchase $25,000,000 of the 4 and
5 per cent bonds due in 1904 and 1907 at a fixed price. This was
responded to by offers to the amount of $19,300,650 of principal, on
which the premium was $2,373,502.40. Notice was given May 18,1900,
for the payment of the $25,364,500 outstanding 2 per cent bonds
redeemable at the option of the Government, and by November 1 all
but $2,255,000 of them were retired. The conversion of threes, fours,
and fives into the new 2 per cent consols of 1930, provided for by the
act of March 14, 1900, amounted by June 30 to $307,125,350 of principal, and by November 1 to $345,530,750. To the latter date payment for
excess of value was made out of the Treasury for $34,338,342.44, and
the net saving to the Government was $8,685,618.
In the year ended September 30, 1900, notes and certificates of the
value of $523,192,000 were impressed with the seal of the Department
and prepared for issue, as against $362,412,000 in the twelve months
precediDg. A largely increased share of the new currency was of the
denominations of $20 and under. The redemptions of worn paper
XXIV
EEPOET, ON THE FINANCES.
money in the same periods were $303,219,824 in 1900 and $255,027,980
in 1899.
The authority to increase the issue of subsidiary silver coin to
$100,000,000, which was granted by the act of March 14, 1900, has been
a convenience both to the Treasury and to the people. The Department, through the Mint, has been enabled to supply all demands for
them, and their circulation increased by October 1,1900, to $79,432,193.
COINS AND COINAGE.
Deposits.
The receipts and deposits of bullion at mints and assay of&ces, including redeposits, aggregated $238,755,736.24, of which $203,553,813.88
was gold and $35,201,922.36 silver, classified as follows:
Gold :
Domestic bullion
Mutilated and uncurrent domestic coin
Foreign bullion and coin
Old plate and jewelry
Total original deposits
$87,458,836.23
1, 389, 096. 68
41, 554, 645. 75
3,517,540.93
133, 920,119. 59
Eedeposits
69, 633, 694. 29
Total deposits
203,553,813.88
Silver :
Domestic bullion
Mutilated and uncurrent domestic coin
Foreign bullion and coin
Old plate and jewelry
Total original deposits
Eedeposits
Total deposits.
$6, 436,173. 06
4, 639, 019. 69
1, 464, 530. 55
721,236.54
13,260,959.84
21,940,962.52
35,201,922.36
Purchases.
Silver bullion purchased under the provisions of section 3526, Eevised
Statutes, for coinage of subsidiary silver aggregated 1,290,055.94 standard
ounces, costing $908,868.86.
Coinage.
The coinage executed during the fiscal year was:
Gold
Silverdollars
Subsidiary silver....
Minor
$107,937,110.00
18,244,984.00
12,876,849.15
2,243,017,21
Total
141,301,960.36
There were coined 50,000 Lafayette souvenir silver dollars, which are
not included in the above coinage of silver dollars. The silver dollars
coined were from bullion purchased under the act of July 14, 1890.
The total coinage of silver dollars from bullion purchased under the act
of July 14,1890, from August 13,1890, to July 1,1900, was $115,250,950,
SECEETAEY OF THE TEEASUEY.
XXV
containing 99,043,785.15 standard ounces, costing $83,963,270.94, giving a seigniorage of $31,287,679.06.
In addition to the above coinage, there were manufactured at the mint
at Philadelphia for the Government of Costa Eica 320,000 gold pieces,
of various denominations, of the value of $1,396,050.24.
Becoinage.
Uncurrent gold coins ofthe face value of $1,401,454.50 and mutilated
silver coins of the face value of $5,261,070.35 were received as follows:
Face value.
Transferred and purchased.
$5,256,621,15
4,449,20
1,401,454,50
Total
Silver coin.
$403,210.50
998,244,00
Transferred from the Treasurv
Gold coin.
5,261,070.35
This represents in new gold coin $1,389,096.68, and in new subsidiary
silver coin $4,960,070.60.
Of the subsidiary silver coinage, $4,765,512.75 were coined from
worn and uncurrent silver coin transferred from the Treasury for
recoinage, $8,111,336.40 from silver purchased for subsidiary silver
coinage and from silver purchased under the act of July 14, 1890, on
which the seigniorage was $3,008,428.68.
Silver balances.
The balances of silver bullion on hand at the mints and assay offices
of the United States for the coinage of silver dollars, subsidiary silver
coins, and for payment of deposits of silver bullion in fine bars, July 1,
1900, was:
Items,
Standard ounces.
Purchased under actof July 14,1890
For subsidiary silver coinage at mints and assay offices
At United States assay office, New York, for payment of
deposits in fine bars
83,268,054.02
345,471.42
Cost.
$67,806,388,21
340,925,77
127,165.52
77,248.33
83,740,690.96
Total
68,224,562.31
Seigniorage.
Including the balances on hand at the mints July 1, 1878, the net
seigniorage on the coinage of silver from that date to June 30, 1900,
was $102,275,480.12.
Minor coinage.
Of the minor coins manufactured duringtheyear, $2,086,705.54were
from new material and $156,311.67 from old and uncurrent minor coins
transferred from the Treasury for recoinage.
The total amount of minor coins outstanding July 1, 1900, was
},161,86L11.
XXVI
E E P O E T ON THE FINANCES.
Bars manufactured.
During the fiscal year there were manufactured gold bars of the value
of $95,267,169.02, and silver bars, $8,649,307.14.
Silver quotations.
The highest quotation in the London market for silver 0.925 fine during thefisoal year was 28^-^ pence, equal to $0.62612 in United States
money per ounce fine. The lowest quotation was 261 pence, equivalent
to $0.58365. The average price for the fiscal year was 271 pence, equivalent to $0.60017.
The bullion value of the United States standard dollar, at the highest
price for the year, was $0.48426, and the lowest, $0.45141, and at the
average price, $0.46419.
The commercial ratio of gold to silver at the average price was 1 to
34.44.
The number of grains of pure silver at the average price that could
be purchased with a United States silver dollar was 799.77, equivalent
to I t fine ounces.
Earnings and expenditures.
The expenditures necessary to maintain the various institutions connected with the Mint Service during the fiscal year were $1,703,492.64.
The earnings from all sources during the same period were $10,641,940.60,
showing a surplus of earnings over expenditures of $8,938,447.96.
Imports and exports.
The net exports of gold during the fiscal year were $3,693,575, as
against the net imports of $51,429,099 for the fiscal year 1899.
The net silver exports were $21,455,973, as against $25,534,817 for
the previous fiscal year!
Industrial arts.
The value of gold and silver consumed in the industrial arts by the
United States during the calendar year 1899 was: Gold, $17,847,178;
silver, coining value, $15,677,663—a total of $33,524,841.
There were consumed in new material, in the manufacture of bars,
gold, $15,112,193; silver, $13,630,079.
WorWs industrial arts.
The amount of new material consumed in the industrial arts in the
world was: Gold, $72,658,500, and silver, coining value, $52,990,500.
Metallic stock in the United States.
The total metallic stock in the United States on July 1, 1900, was:
Gold, $1,034,439,264; silver, $647,371,030.
SECEETAEY OF THE TEEASUEY.
XXVII
Production of gold and silver.
The estimated production of the precious metals in the United States
during the calendar year 1899 was:
Metals,
Gold
Silver '.
.'
Fine
ounces.
3,437,210
54,764,500
Commercial
value.
$71,053,400
32,858,700
Coining
value.
$71,053,400
70,806,626
World's coinage.
The total coinage of gold and silver by the various countries of the
world during the calendar year 1899 was:
Gold.
Silver
$466,110,614
166,226,964
Total
632,337,578
The total metallic stock and uncovered paper in the world, as estimated on January 1, 1900, was:
Gold....
Full legal-tender silver
Limited-tender silver
$4,841,000,000
2,892,600,000
926,300,000
Total metallic stock
8,659,900,000
Uncovered paper
Grand total
2,960,100,000
.,
11, 620, 000, 000
Old mint building,. Fhiladelphia.
The Director of the Mint reports that probably by July next, certainly before the close of the year 1901, the old mint building in Philadelphia will be vacated. There appears to be no present or prospective
use for the premises on the part of the Government after the removal
of the mint, and, unless Congress should otherwise determine, the Secretary of the Treasury will in due course proceed to dispose of the
present United States mint building in Philadelphia at private or
public sale, in accordance with the direction of Congress as expressed
in the act of March 3, 1891, authorizing the sale of the old building
upon the completion of the new mint.
ENGEAVING AND FEINTING.
The financial legislation of the last Congress added materially to
the work of this Bureau during the year. The act of March 14, 1900,
provided substantially that after that date silver certificates of the
denominations of $10 and under should be issued; that United States
notes should be issued in denominations of $10 and upward; that the
Treasury notes of 1890 should be retired and canceled; that silver
certificates should be issued against the silver dollars coined as authorized by the act, and that national banking associations should be
XXVIII
E E P O E T ON T H E FINANCES.
restricted in the issue of notes of the denomination of $5. It also
authorized the preparation of a new issue of bonds. To comply with
these provisions of law, the Bureau was required to deliver during
the year 21,799,750 sheets of silver certificates. United States notes,
etc., as against 17,969,925 sheets in 1899, an increase of 3,829,825
sheets, or 21.3 per cent, and 4,232,968 sheets of national currency, as
against 2,372,172 sheets in 1899, an increase of 1,860,796 sheets, or 78.4
per cent. The aggregate work delivered was 116,909,423 sheets in 1900,
as against 112,161,122 sheets in 1899, an increase of 4.23 per cent. In
addition to this, there were finished during the year 609 plates for
national banks, as against 157 plates in 1899. This large increase in the
plates was rendered necessary mainly by the restriction upon the banks
in the issue of notes of the denomination of $5. Many banks had only
a plate for that denomination, and it became necessary to make for these
banks plates of the higher denominations, as well as to make plates for
new banks organized under the act. A considerable amount of work
was done on the plates for the new bonds, which, however, were not
finished during the fiscal year. This work was successfully accomplished
only after extraordinary effort on the part of the employees of the
Bureau.
PUBLIC MONEYS.
The monetary transactions of the Government have been conducted
through the Treasurer of the United States, 9 subtreasury officers, and
444 national-bank depositaries. The amount of public moneys held by
the bank depositaries on June 30, 1900, including funds to the credit of
the Treasurer's general account and United States disbursing officers,
was $98,736,806.93, an increase since June 30, 1899, in amount of
holdings of $22,453,151.63. Of the bank depositaries, nearly 240 were
specially designated to hold funds deposited therewith temporarily, and
the balances held therein will be reduced gradually as the moneys are
needed for current disbursements.
After the removal of the deposits from the Bank of the United States
in 1833, local institutions were used for this purpose. Upon the establishment of the national-bank system, depositaries were selected from
its members, and have been used as the convenience of the Department
and the surplus funds would permit. The largest deposits ever held by
national banks at the end of a month were $279,544,645, in June, 1879,
when the net cash balance of the Treasury was $475,663,096. In August
of that year these deposits fell to $97,090,074, and at the end of June,
1882, were $11,258,965. From that minimum the deposits in the national
banks varied with the differences between receipts and expenditures,
reaching $95,014,970 at the end of October, 1898. Deposits include
receipts from internal revenue, post-offices, public lands, and miscellaneous sources; but the chief additions since the loan of 1898 was
placed have been from its proceeds, as the war with Spain called for
less outlay than had in caution been provided for. Thus without incon-
SECEETAEY OF T H E
XXIX
TEEASUEY.
venience to the Treasury, and to the greatadvantage of general business
needs, public moneys were kept on deposit in national banks until the
maximum of $103,598,610.84, was reached February 10,1900, in addition
to $5,496,267.58 to the credit of disbursing officers.
For these funds the Treasury held as security United States bonds
for the full sum at par for fours and fives, with a margin of 5 per cent
on threes and 10 per cent on twos. No guaranty for moneys could be
more safe and certain. The bonds so pledged, when they were highest,
were:
Title of loan.
Funded loan of 1891, continued..
District of Columbia
Three per cent loan of 1898
Funded loan of 1907
Loan of 1925
Loan of 1904
Total.
Rate
To secure
of
public
interest. moneys.
2
3.65
3
4
4
5
$2,007,500
485,000
31,932,080
47,039,650
13,756,450
15,997,000
Ill,217,680
In every State except Mississippi and Nevada, and in every Territory
except Arizona and the Indian Territory, depositaries were designated.
While the surplus permitted, every applicant, wherever located, offering
the necessary bonds received the share of deposits desired.
These depositary funds are available for the use of the Government as
the convenience of the Treasury may demand. In order to meet the payment for the funded loan of 1891, called May 18,1900, notices as follows
were served on the banks, asking for the transfer to the subtreasuries of
a percentage of the funds held by them : On May 23, for the transfer of
$4,941,900 on or before June 5; on June 7, for the transfer of $4,966,000
on or before June 26, and again on June 27, for the transfer of $4,945,800
on or before July 16. These funds all reached the subtreasuries at or
before the times fixed without the slightest default.
The attention of Congress is called to the inconvenience of handling
the public moneys in Hawaii and, prospectively, in Porto Eico, resulting from the provision in section 5153, Eevised Statutes, forbidding the
deposit of receipts from customs in national-bank depositaries.
At present the collector of customs in Hawaii is obliged to send all
moneys collected by him on account of duties on imports to the subtreasury at San Francisco, while public moneys required for use in
Hawaii may, as a consequence, have to be transmitted by express or
otherwise to the islands. Thus double expense, increased risk, and
unnecessary delay in the public business may be and are occasioned.
There seems to be good reason why customs receipts of Hawaii and
other island points should be excepted from the provision of section
5153, Eevised Statutes, which requires the deposit of customs receipts
in a subtreasury. Liberty should be given to collectors of customs at
the places indicated to deposit receipts with designated depositaries,
as is now permitted by law in the case of collectors of interual revenue.
xxx
EEPOET
ON T H E
FINANCES.
NATIONAL BANKS.
During the existence of the national banking system, 5,477 national
banking associations have been organized, of which 1,287 have been
placed in voluntary liquidation by the shareholders, and 374, which
failed, in charge of receivers, leaving 3,816 banks in active operation at
the close of the year ended June 30, 1900. Deducting the 43 banks
placed in voluntary liquidation and 9 in charge of receivers (the latter
including 3 previously reported in voluntary liquidation), there was a
net increase in active banks of 227 during the fiscal year.
The net increase during the year of national-bank capital was
$19,631,850, the total authorized stock of all banks on June 30 being
$627,503,095.
The distribution, by geographical divisions, of banks organized during the fiscal year, with their capital, is shown in the following table :
Geographical divisions.
New England States,.
Eastern States
Southern States
,
Middle States
Western States
Pacific States
No. of
banks.
Capital.
$525,000
7,260,000
4,320,000
4,425,000
2,165,000
250,000
The number of banks organized during the year in each State and Territory is as follows: Pennsylvania, 35; Texas, Ohio, and Illinois, 20;
Iowa, 16; NewYork and Oklahoma, 15; Indian Territory, 14; Nebraska,
13; Minnesota, 1 1 ; New Jersey, 10; Indiana, 9; Yirginia, 8; Kentucky and Kansas, 7; West Yirginia and Wisconsin, 5 ; Connecticut,
Maryland, and North Dakota, 4; New Hampshire, Michigan, Missouri,
South Dakota, Colorado, and California, 3 ; North Carolina, Georgia,
Alabama, Wyoming, New Mexico, and Washington, 2; Massachusetts,
Delaware, South Carolina, and Tennessee, 1.
The outstanding circulation of the banks increased $68,289,572—that
is, from $241,350,871 on June 30, 1899, to $309,640,443 on June 30,
1900. Of the amount on the latter date, $274,115,552 was secured by
bonds, and $35,524,891 by deposits of lawful money with the Treasurer
of the United States, on account of liquidating and insolvent associations and those reducing circulation.
The capital of the 9 insolvent banks placed in charge of receivei-s
during the year aggregated $1,900,000, and the capital of the 43 associations placed in liquidation, $8,479,950.
Oh June 29, 1900, reports of condition were received from 3,732
national banks, with resources aggregating $4,944,165,623.87, an increase
since June 30, 1899, of $235,331,719.03. The paid-in capital stock and
surplus funds of the banks June 29, 1900, amounted to $621,536,461.45
and $256,249,448.51, respectively, and individual deposits to $2,458,092,757.67. The deposits show a decrease of $64,064,751.32 since June 30,
1899. This, however, is only an apparent decrease, as prior to April 26,
SECEETAEY OF THE TEEASUEY.
XXXI
1900, deposits of savings banks and trust companies were included in
individual deposits. The June 29, 1900, statement exhibits an increase
in bank deposits, which included savings banks and trust companies, of
$130,499,437.29. The specie held aggregated $356,013,709.08, which is
$808,337.11 less than the amount in bank on June 30, 1899.
National-bank changes under the-financialact of 1900.
The financial act approved March 14, 1900, contained the following
changes in the provisions of the national-bank act:
National banking associations which theretofore had been entitled to
receive circulating notes from the Comptroller of the Currency to an
amount not exceeding 90 per cent of the bonds deposited are entitled
by this act to receive circulation to an amount equaling the deposit of
bonds, not exceeding in the aggregate, however, the capital stock actually paid in. It is also provided that no national banking association
shall be entitled to receive from the Comptroller of the Currency, or to
issue or reissue or place in circulation, more than one-third in amount
of its circulating notes of the denomination of $5. The semiannual
duty on national-bank circulation is reduced from one-half to one-fourth
of one per cent where secured by 2 per cent consols of 1930. Circulation secured by other classes of bonds is still subject to the semiannual
duty of one-half of one per cent. The act repeals so much of the act of
July 12, 1882, as prohibits any national bank, which makes a deposit
of lawful money in order to withdraw its circulating notes, from receiving an increase of its circulation for the period of six months from the
time it made such deposit of lawful money for that purpose. Provision
is also made for the incorporation of national banks, by sanction of the
Secretary of the Treasury, with capital of not less than $25,000 in any
place the population of which does not exceed 3,000 inhabitants.
Since the new law went into effect, and covering the period from
March 14 to October 31, 1900, the Comptroller of the Currency has
approved 509 applications to organize national banks, of which 382
were for banks with capital of less than $50,000, and 127 with capital
of $50,000 or more. Eighty of the applications were from State banks
proposed to be converted under the provisions of section 5154 of the
Eevised Statutes; 173 from State or private banks proposed to liquidate
for the purpose of reorganization under the national banking law, and
256 from those contemplating primary organizations.
- Since October 31, 1899, 383 banks, with an authorized capital of
$20,025,000, have been chartered, of which 348 completed their organizations between March 14 and October 31,1900. Sixty-two ofthe banks
organized since March 14, with capital aggregating $4,560,000, were conversions; 123, with capital of $5,605,000, reorganizations of State and
private banks, and 163, with capital of $7,310,000, primary organizations. Two hundred and forty-nine of the banks organized since March
14 were with capital of less than $50,000, the great majority being with
E E P O E T ON T H E FINANCES.
XXXII
the minimum amount required, namely, $25,000, the aggregate capital
being $6,575,000, and 99 with capital of $50,000 or over, the aggregate
capital for this class being $10,900,000. Bonds deposited by both classes
amount in the aggregate to $5,348,200, only about 30 per cent of the
maximum which might be deposited.
The provision which authorizes the organization of national banks
with a minimum capital of $25,000 in places not exceeding 3,000 in
population, while formerly the minimum was fixed by law at $50,000
for capital in places not exceeding 6,000 inhabitants, has enabled many
of the remoter sections and smaller communities to secure necessary
banking facilities. That the provision thus made has been widely
appreciated is evidenced by the table following. Particular reference
is made to the organizations in Texas, Oklahoma, Indian Territory,
Iowa, and other middle and western sections.
Organizations of national banks hetween March 14 and Octoher 31, 1900.
Capital over
C a p i t a l $25,000, $25,000 a n d less C a p i t a l $50,000
a n d over.
t h a n $50,000.
States,
No, Amount,
1
1
NewHampshire
Vermont
No.
Amount.
$25,000
25,000
No. Amount.
I
Total.
No.
$100,000
1
2
Amount.
$25,000
125,000
Rhodelsland
2
100 000
6
250,000
125,000
75,000
475,000
25,000
75,000
2
2
3
5
I
15
610,000
IOO,000
1,900,000
3
220,000
12
6
37
1
6
795,000
235,000
2,482,000
25,000
_295,000
775,000
7
227,000
24
2,830,000
62
3,832,000
150,000
25,000
50,000
25,000
I
30,000
2
4
100,000
250,000
30,000
1
3
1
2
60,000
600,000
200,000
100,000
8
6
2
2
3
2
2
250,000
305,000
50,000
85,000
600,000
230,000
100,000
8
248,000
1
10
50,000
585,000
1
34.
50,000
1,233,000
4
1
1,845,000
50,000
7
3
1,920,000
100,000
29
3,840,000
$60,000
60,000
107,000
16
..
10
308,000
275,000
200,000
425,000
50,000
75,000
350,000
575,000
50,000
3
I
4
1
1
95,000
45,000
145,000
35,000
30,000
6
1
195,000
35,000
80
. ..
i
775,000
11
8
17
2
3
14
23
2
Total Middle States
75,000
50,000
31
Total Southern States
400,000
3
2
Ohio.
Indiana
Illinois
Michigan
W^isconsin
Minnesota
Iowa
Missouri
North Dakota
SouthDakota
Nebraska
Kansas
Montana
Wyoming
3
150,000
I
•.
50,000
2
6
1
2
1
Total Eastern States
Virginia
AVest Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississinpi
Loaisiana
Texas
Arkansas
Kentucky
Tennessee
I
100,000
31
NewYork
New Jersey
Pennsvlvania
Delaware
Maryland
District of Columbia
50,000
4
5
3
19
1
3
Total New England States
2,000,000
17
580,000
8
3
10
10
200,000
75,000
250,000
250,000
I
25,OOO
2
1
75,000
40,000
70
4,923,000
900,000
250, O O
U
400,000
130,000
700,000
100,000
150,000
21
13
25
5
10
16
32
3
1,270,000
495,000
970,000
215,000
805,000
450,000
920,000
85,000
2,630,000
125
5,210,000
2
150,000
8
3
12
13
200,000
75 000
325,000
440,000
2
ioo, odo
3
125,000
7
4
4
2
62
3
28
SECEETAEY 0 : F T H E TEEASUEY.
XXXIII
Organizations of national hanlcs hetween March 14 and Octoher 31, 1900—Continued.
Capital over
pi
Capital $25,000. $25,000 a n d l e s s C aa n tda l o $50,000
ver.
t h a n $50,000.
States.
Total,
0
No.
Amount.
1
15
10
$25, O O
O
375,000
250,000
58
1,450,000
1
•25,000
2
1
50,000
25,000
Total Pacific States
4
100,000
Total United States
208
5,200,000
Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
No,
Amount,
No,
I
Colorado
New Mexico
Oklahoma
Indian Territory
Amount.
$30,000
4
$300,000
I
2
40,000
75,000
1
4
50,000
200,000
5
1
17
16
$330,000
25,000
465,000
525,000
7
260,000
13
800,000
78
2,510,000
No.
Amount.
I
,
25,000
4
1
200,000
25,000
500,000
2
150,000
1
500,000
1
3
650,000
7
750,000
99 10,900,000
348
17,475,000
.
Alaska
41
1,375,000
The amount of outstanding circulation, by denominations, on March
13, the day prior to the passage of the financial act, and on October 31,
1900, was as follows :
Denominations,
Ones
Twos
Fives
Tens
Twenties
Fifties
One h u n d r e d s
•
•
One thousands
U n r e d e e m e d fractions
Total
M a r c h 13.
•
.'
O c t o b e r 31.
$348,275
167,466
79,310,710
79,378,160
58,770,660
11,784,150
24,103,400
104,000
27,000
32,409
$347,552
167,056
70,363,595
123,088,280
88,408,100
16,186,900
32,889,200
102,500
27,000
33,085
254,026,230
331,613,268
From the foregoing statement it appears that there has been a growth
in national-bank note circulation, from March 14 to October 31, of
$77,587,038. This increase is probably no more than sufficient to keep
pace with expanding trade. Under existing law, national banks are
entitled to take out circulation to the full amount of their capital,
which on October 31 was $632,502,395. There is no likelihood that
this privilege will be availed of to the fullest extent. The antecedent
requirement for the purchase and deposit of United States bonds acts
through advance in price under increased demand to check automatically undue expansion of note issues. I t may be here noted that with
the 2 per cent bonds at the present market price the net advantage to a
bank in taking out circulation is one and five-hundredths of one per cent
per annum, as figured by the actuary in this Department. The advantages to banks in taking circulation under the law, based upon other
bond issues, are fouud to be as follows:
On 5 per cent bonds of 1904, a loss of substantially one-half of one
per cent.
FI1900
HI
XXXIV
E E P O E T ON THE FINANCES.
On 4 per cent bonds of 1907, a profit of substantially twelve-hundredths of one per cent.
On 3 per cent bonds of 1908, a profit of about three-tenths of one per
cent.
On 4 per cent bonds of 1925, a profit of about fifteen-hundredths of
one per cent.
These figures show clearly enough that our currency system, under which
the volume of circulating medium is more responsive to the market price of
Government bonds than to the requirements of trade and industry, is not yet
satisfactory.
The Comptroller of the Currency calls attention to the urgent necessity for amending section 1 of the act of July 12, 1882. Under its provisions, the charters of 1,737 banks, with an aggregate capital of $417,628,115, have been extended. The first of these extended charters will
expire July 14, 1902, and from that time expirations will be frequent.
The Comptroller is of the opinion that the authority for the further
extension of the corporate existence of such banks is not clear, and he
therefore asks that section 1 be so amended as to permit him, subject to
the restrictions named in the law, to further extend these expiring charters. The matter is one of considerable importance, both to the Government and the banking community. Banks whose charters expire
will no doubt have the right to reorganize as new institutions, but they
will be obliged to take new titles and new charter numbers, while
stockholders, directors, and officers may remain the same. It will
therefore be seen that the legislation recommended will save much circumlocution, avoid great annoyance, and give to expiring institutions
the benefit of their former titles, made of value by long years of honorable and upright dealing.
LOANS AND CUEEENCY.
The interest-bearing debt July 1, 1900, included unmatured United
States bonds outstanding amounting to $1,023,443,390, there having
been a reduction since July 1, 1899, of $22,567,530. This was brought
about by the purchase, under announcement of the Secretary of the
Treasury on November 15, 1899, of 4 per cent bonds, funded loan of
1907, amounting to $14,310,350, and 5 per cent bonds, loan of 1904, in
the amount of $4,990,300. There were also redeemed, under the
Secretary's call of May 18, 1900, United States bonds of the funded
loan of 1891, continued at 2 per cent, in the amount of $3,384,650. The
total reduction in these three loans up to July 1, 1900, was $22,685,300,
but the net reduction, as stated above, was $22,567,530, there having
been issued during the fiscal year 3 per cent bonds, loan of 1908-1918,
amounting to $113,920, and $3,850 in 4 per cent bonds, funded loan of
1907, in conversion of refunding certificates, of which $1,490 were issued
in payment of accrued interest on said certificates.
The call of May 18, 1900, was for the redemption of the bonds of the
SECEETAEY OF T H E
TEEASUEY.
XXXV
funded loan of 1891, continued at 2 per cent, the amount being $25,364,500,
and August 18, 1900, being fixed as the date of maturity.
The amount of refunding certificates of the act of February 26, 1879,
outstanding July 1, 1900, was $35,470. In the last annual report it
was recommended that Congress limit the time within which such
certificates may be converted into the 4 per cent bonds, funded loan of
1907, but no action was taken. In view of the provisions of the
act of March 14, 1900, under which the outstanding 4 per cent bonds,
funded loan of 1907, are exchangeable for the 2 per cent bonds of the
act of March 14, 1900, the above recommendation is renewed, as is
also the recommendation that the Secretary of the Treasury be authorized to redeem in cash any of such certificates on presentation, and to
pay the accrued interest thereon to date of redemption.
The character of the interest-bearing debt outstanding July 1, 1900,
is materially different from that outstanding July 1, 1899, owing to the
issue of 2 per cent bonds payable, principal and interest, in United
States gold coiu, under authority of the act of March 14, 1900, in
exchange for certain classes of United States bonds outstanding bearing
higher rates of interest. These refunding operations are reviewed in
a separate chapter (page LXVIII).
The changes in the amounts of the several kinds of money in the
United States outside the Treasury between November 1, 1899, and
November 1, 1900, are shown in the table following. The estimated
population of the United States November 1, 1899, was 76,699,000, and
the per capita supply of money outside the Treasury was $25.60. The
estimated population and per capita supply of money November 1,1900,
were 76,891,000 and $27.82, respectively, (a)
Comparative statement showing the changes in circulation.
I n circulation
N o v . 1, 1899.
Gold coin
S t a n d a r d s i l v e r dollars
,
Subsidiary silver
Gold certificates
Silver certificates
T r e a s u r y n o t e s , a c t of J u l y 14, 1890
United States notes
C u r r e n c y c e r t i f i c a t e s , a c t of J u n e 8, 1872,.
National-banknotes
Totals
In circulation
N o v . 1, 1900.
$634,650,733
71,361,740
76,173,164
127,593,519
394,976, 239
88,893,894
317,264,666
13,735,000
239,067,193
$621,761,263
73,479,469
81,035,187
215,595,969
421,380,745
65,478,460
333,295,061
1,780,000
325,375,258
$12,889,470
1,963,716,148
2,139,181,412
48,259,904
Decrease.
Increase.
$2,117,729
4,862,023
88,002,450
26,404,506
23,415,434
'ii,"955','o6o
16,030,395
'86,'308,"665
Net increase..
a The estimated population of the United States, 76,891,000, is based on the census of
1900. The estimate for November 1, 1899, was based on the census of 1890, and was
about 1,400,000 in excess of the real population. The correction of this estimate,
together with the increase during the year in the volume of money in circulation.
Increases the estimated circulation per capita from |25.60, as it was stated in the report
for 1899, to 127.82, November 1, 1900.
XXXVI
E E P O E T ON THE FINANCES.
FOEEIGN COMMEECE.
Four great facts characterize the foreign commerce of the fiscal year
1900 : First, it exceeded that of any preceding year, and for the first
time the grand total of imports and exports passed the two billion dollar mark; second, manufacturers' materials formed a larger proportion
of the imports than ever before; third, manufactured goods formed a
larger proportion of the exports than ever before; fourth, exports were
larger than ever before, and were more widely distributed than in any
preceding year.
The imports of the year were $849,941,184, against $697,148,489 in
1899, an increase of $152,792,695. This large increase, however, is
chiefly in manufacturers' materials. The class ^'articles in a crude
condition which enter into the various processes of domestic industry"
shows a growth of from $222,657,774 in 1899 to $302,426,746 in 1900, an
increase of $79,768,972; and the class ^ articles wholly or partially
*
manufactured for use as material in the manufactures and mechanic
arts'' shows a growth from $60,664,183 in 1899 to $88,433,549 in 1900,
an increase of $27,769,366. Thus more than two-thirds of the entire
increase in iomportations was in manufacturers' materials. Articles in a
crude condition for use in manufacturing formed in the year just ended
35.58 per cent of the total imports, against 31.94 per cent in 1899 and
23.06 per cent in 1890. Articles wholly or partially manufactured for
use in the mechanic arts formed 10.41 per cent of the imports of 1900,
against 8.70 per cent in 1899. On the other hand, the class '^ articles
manufactured ready for consumption" was but 15.17 per cent of the
total imports of 1900, against 15.54 per cent in 1899 and 21.09 per cent
in 1896.
While manufacturers' materials form a constantly increasing percentage of our imports, finished manufactures continue to form an
increasing percentage of our rapidly growing exports.
The total exports of the year were valued at $1,394,483,082, of which
$1,370,763,571 were of domestic production. Of this vast sum, manufactures formed 31.65 per cent, against 28.21 per cent in 1899, 23.14 per cent
in 1895, and 17.87 per cent in 1890. The total exportation of manufactures during the year 1900 was $433,851,756, against $339,592,146 in
1899, an increase of nearly $100,000,000, or about 28 per cent. Agricultural products also show a gratifying gain over 1899, the total for the year
1900 being $835,858,123, against $784,776,142 in 1899, while every
other class—mining, forestry, fisheries, and miscellaneous^also shows
an increase in 1900, as compared with the preceding year.
A detailed study of our imports and exports with reference to the
countries of origin or destination shows a marked development in our
trade with those countries and islands to which the great industrial and
commercial nations are now turning their attention. In both imports
and exports our trade with the tropics and the Orient shows a much
SECEETAEY OF T H E TEEASUEY.
XXXVII
greater percentage of gain than does that with the countries of Europe.
The rapid gain in imports from these territories is readily accounted for
by the increased importation of manufacturers' materials of the class
which can not be produced at home and the increased requirements for
tropical food stuffs which come with the growth of iDopulation. Of the
$300,000,000 worth of manufacturers' materials imported in a crude
condition during the fiscal year 1900, fully two-thirds originated in Central and South America, Africa, Asia, and Oceania; and of the class
* articles of food and live animals," amounting to $218,479,098, more
^
than two-thirds was of tropical and subtropical production.
Comparing imports of 1900 with those of 1890 by grand divisions, it
appears that those from Europe and North America have slightly
decreased; those from South America show little change, while those
from Asia and Oceania show a marked increase. Imports from Europe,
which in 1890 amounted to $449,987,266, were in 1900, $440,567,314, a
decrease of 2.09 per cent; from North America, in 1890, $148,368,708,
and in 1900, $130,032,754, a decrease of 12.36 per cent; from South
America, in 1890, $90,096,144, and in 1900, $93,667,108, an increase of
4 per cent; from Oceania, in 1890, $28,356,568, and in 1900, $34,611,108,
an increase of 21.9 per cent; from Asia, in 1890, $67,506,833, and in
1900, $139,842,330, an increase of 107 per cent; and from Africa, in
1890, $3,321,477, and in 1900, $11,218,437, an increase of 237.7 per cent.
In exports, the growth of our trade with Africa, Asia, and Oceania
also shows a corresponding increase. Our exports to Europe in 1890
were $683,736,397, and in 1900 were $1,040,167,763, an increase of
50.6 per cent; to North America, other than the United States, in 1890,
$94,100,410, and in 1900, $187,594,625, an increase of 99 per cent; to
South America, in 1890, $38,752,648, and in 1900, $38,945,763, an increase of .5 per cent; to Oceania, in 1890, $16,460,209, and in 1900,
$43,391,275, an increase of 163.6 per cent; to Asia, in 1890, $19,696,820,
and in 1900, $64,913,807, an increase of 229.6 percent; and to Africa,
in 1890, $4,613,702, and in 1900, $19,469,849, an increase of 322 per
cent.
Our commerce with the island territories which have been brought
into closer relationship with the United States by the events of the past
two years also shows a rapid growth, despite the fact that in Cuba and
the Philippines production and consequently purchasing power have
been partially interrupted by war conditions. Imports from Cuba, which
in 1897 were $18,406,415, in 1900 were $31,371,704; from Porto Eico,
in 1897, $2,181,024, and in 1900, $3,078,648; from Hawaii, in 1897,
$13,687,799, and in 1900, $20,707,903 ; and from the Philippine Islands,
in 1897, $4,383,740, and in 1900, $5,971,208, making the total for these
four island divisions, in 1897, $38,658,978, and in 1900, $61,129,463, an
increase of 58.1 per cent in 1900 as compared with 1897. In exports, the
increase is more rapid. To Cuba, the exports in 1897 were $8,259,776,
and in 1900, $26,513,400; to Porto Eico, in 1897, $1,988,888, and in
XXXVIII
E E P O E T ON T H E F I N A N C E S .
1900, $4,640,449; to Hawaii, in 1897, $4,690,075, and in 1900, $13,509,148;
and to the Philippines, in 1897, $94,597, and in 1900, $2,640,449, making
the total to the four island divisions, in 1897, $15,033,336, and in 1900,
$47,303,446, an increase of 214.6 per cent in 1900 as compared with 1897.
The commerce with Porto Eico has shown especially rapid gains since
May 1, 1900, at which date the act of April 12,1900, providing revenues
and a civil government for Porto Eico, went into effect. In the first five
months of the operations of the act, extending from May 1 to October 1,
the imports into the United States from Porto Eico were $3,316,334,
compared with $2,040,739 in the corresponding months of the preceding
year, and $1,219,128 in the corresponding months of 1897, in which year
Porto Eico was under the Spanish flag; while exports from the United
States to the island in the five months under consideration were $2,807,909, against $1,378,622 in the corresponding months of 1899, and $768,802
in the corresponding months of 1897, an increase of 265 per cent over
1897. Commerce with the Hawaiian Islands showed a remarkable
growth in the fiscal year 1900, the first year following the completion
of annexation, the imports from the islands increasing from $17,831,463
in 1899 to $20,707,903 in 1900, and the exports to the islands increasing
from $9,305,470 in 1899 to $13,509,148 in 1900.
Insular commerce.
The fact that Porto Eico and the Hawaiian Islands are now subject
to the navigation and customs regulations of the United States makes
it no longer practicable to require at the custom-houses the statements
by which their commerce with the United States was formerly measured.
Unless these statements can be continued, the public will be deprived
of all official information as to the effect of the new relations upon the
commerce of the United States with those islands.
The enactment of legislation which will require statements of the
commerce between ports of the United States and all noncontiguous
territory under its jurisdiction to be filed at the custom-houses in the
same form as that now required in foreign commerce is therefore recommended. This will not prove in any way a hardship to those engaged in
that trade, but will, on the contrary, supply information of great value
to them and to the general public, both in the United States and in the
islands in question.
Balance of trade.
The fact that tlie exports of merchandise constantiy exceed the
imports of merchandise and specie by several hundred millions of dollars annually has suggested an inquiry as to the method by which this
vast trade balance in favor of the United States is settled. While a
share of this is doubtless accounted for by freights, interest, and expenditures of Americans abroad, it is equally apparent that a considerable
share must be represented by American securities returned to the
SECEETAEY O t T H E
XXXIX
TEEASUEY.
United States, and that to this extent we are as a nation reducing our
foreign indebtedness.
A desire has been frequently expressed for the adoption of a plan by
which these movements of securities can be measured and the methods
of adjustment of the trade balance more accurately determined than at
present. This question is now being carefully considered by the Department, with a hope of arriving at a plan which will measure these movements without proving detrimental to the interests involved.
The table which follows presents in concise form the record of the
year's commerce.
Comparative statement of commerce.
Y e a r e n d e d J u n e 30—
Increase.
Classes.
'
1897.
1898.
1899.
1900.
Imports:
MerchandiseFree
Dutiable
$381,938,243
382,792,169
$291,414,175
324,635,479
$300,279,810
396,868,679
$367,236,866
482,704,318
$66,957,056
85,835,639
Total
764,730,412
616,049,654
697,148,489
849,941,184
152,792,695
50.1
52.70
56.93
56.79
85,014,780
30,533,227
120,391,674
30,927,781
88,954,603
30,675,056
44,573,184
35,256,302
a 44,381,419
4,581,246
1,210,291,913 1,203,931,222 1,370,763,571
23,092,080
23,719,511
21,190,417
166,832,349
627,431
1,050,993,556 1,231,482,330 1,227,023,302 1,394,483,082
167,459,780
Per cent dutiable
Gold
Silver
Exports:
MerchandiseDomestic
Foreign
,
Total
Gold
Silver
:
I m p o r t s for c o n s u m p t i o n
Duties paid
A d valorem duties—
On dutiable, p e r c e n t
O n free a n d d u t i a b l e ,
per cent
Tonnage:
E n t e r e d in t h e foreign trade,
tons
Cleiared i n t h e f o r e i g n t r a d e ,
tons
E x c e s s of e x p o r t s o v e r i m ports (merchandise only)
1,032,007,603
18,985,953
15,406,391
55,105,239
37,522,086
56,319,055
48,266,759
56,712,275
10,744,673
393,220
587,153,700
789,251,030
1.72,760,361 • 145,438,385
685,441,892
202,072,050
830,519,252
229,360,771
145,077,360
27,288,721
40,361,580
61,946, 638
42.41
49.20
52.38
49.24
a3.I4
21.89
24.77
29.48
•
27.62
a 1.86
23,760,250
25,579,399
26,110,816
28,163,005
2,052,189
23,808,797
25,748,232
26,265,976
28,281,141
2,015,165
286,263,144
615,432,676
529,874,813
544,541,898
14,667,085
a Decrease.
CUSTOMS.
Beorganization of districts.
The laws relating to the collection of the revenues from customs could
be more economically enforced by the reorganization of customs districts
and the discontinuance of useless ports. Eecommendations to this
effect contained in previous reports are renewed.
Special agents.
The special agents of the Department have made examinations of
business transacted in 87 customs districts and independent ports during
XL
EEPOET ON THE FINANCES.
the last year, as prescribed by section 2649 of the Eevised Statutes, and
their recommendations have resulted in improved efficiency and greater
economy. They have given constant attention to the undervaluation
of imported merchandise, and have investigated numerous complaints
on this and other subjects connected with the customs service. The
special agents' force in Europe has rendered useful service, particularly with respect to the undervaluation and smuggling of merchandise,
and the customs collections have been considerably augmented, directly
and indirectly, by the operations of this class of officers. The special
agents also investigated and reported upon applications for the establishment of rates of drawback, which are constantly becoming more
numerous and varied in character.
Smuggling.
Smuggling, more or less petty, has received close attention, and
numerous seizures and some arrests on account thereof have been made,
especially on the Canadian and Mexican frontiers. An important seizure of smuggled diamonds, appraised at $36,679.64, was made at
Niagara Falls. The merchandise has been declared forfeited and sold,
and the smuggler, an old offender, has pleaded guilty and received his
sentence. Largely increased duties have been collected in one customs
district as the result of investigations touching the smuggling of wool
and smoked herring.
Forto Bico and Sawaii.
On May 1 last the customs service in Porto Eico was reorganized by
an experienced special agent who was assigned to that duty, and who
has sinc^ become the collector of customs for that district. Another
agent supervised the reorganization of the customs service in the district of Hawaii on June 14 last, when the act providing a civil government for the Territory of Hawaii took effect.
Board of Geoieral Appraisers.
For a detailed account of the work of the Board of United States
General Appraisers, reference is made to its annual report for the twelve
months ended September 30, 1900.
The Board calls attention to the fact that during the period mentioned
there were heard and decided 2,563 appeals on reappraisements under
section 13 of the act of June 10, 1890, and 14,420 protests on classification under section 14 of that act. The number of protests on the suspended files awaiting decisions of the courts is 49,990, of which 23,150
can be disposed of upon determination by the courts of 12 principal
issues. The number of protests upon the docket for hearing before the
Board of General Appraisers is 9,707.
SECEETAEY OF T H E
TEEASUEY.
XLI
ALASKA.
Seal herd.
Eeports from the British Government, received through the Secretary
of State, indicate that during the year 1899, 26 British vessels engaged
in sealing off the coast of British America and in Bering Sea. The
spring catch of these vessels numbered 10,471; they took 699 seals in the
vicinity of the Copper Islands and 23,284 in Bering Sea, and secured
892 skins taken by the native Indians of Alaska, making a total catch
of 35,346 seals at sea by the British fleet. Of this number, the British
authorities report, 55 per cent were females. The. total catch of the
British sealing fleet, comprising 35 vessels, during the year 1898, was
28,552.
The United States consul at Victoria, British Columbia, has reported
that the spring catch for the current year made by the British sealing
fleet of 33 vessels comprised 16,149 seals, including 7,161 males and
8,071 females, and 917 the sex of which was not given; that the summer catch of 1900 by the same fleet, numbering 35 vessels, consisted of
6,944 males, 9,920 females, and 649 seals the sex of which is not reported,
making a total of 17,513 ; and that in addition the Copper Island catch
numbered 134 male and 74 female seals, a total of 208. From unofficial
sources it has been learned that thelndian canoe catch in the prohibited
area numbered 1,321 seals, making the pelagic catch for the year, in all,
35,191 seals.
Preliminary reports from the agents of the Department on the seal
islands indicate that during the season of 1900 the lessees took 22,470
seal skins, including 526 rejected as defective during the season
of 1899. This number is somewhat in excess of the number of seals
taken on the seal islands in 1899, when 16,812 skins were accepted by
the lessees, but it is reported that smaller seals were taken this year
than ever before, which accounts for the increase in the catch. As only
males are permitted to be taken on the islands, the killing of smaller
seals has no injurious effect upon the herd. The Government will
derive about $230,000 revenue from the seal islands as the result of this
year's operations.
The revenue derived by the Government from the seal islands, paid
by the lessees under the terms of their contract dated May 1, 1890, as
interpreted by the Supreme Court, has amounted since that date to
$1,626,783.52, apportioned to the several years' operations as follows :
Year.
1891
1892
1893
1894
1895
~
Year.
Amount.
$214,673.88
46,749.23
23,972.60
96,159.82
163,916.97
1896
1897
1898
1899
190O
Amount.
$153,375,00
306,750,00
212,332,35.
184,377 20
224,476,47
E E P O E T ON THE FINANCES.
XLII
The catch of seals on the Pribilof Islands during the period covered
by the contract was as follows :
Seals
caught.
Year.
1890
1891
1892
1893
1894
1895
1896
,
:
20,995
12,251
7,549
7,500
16,031
15,000
30,000
Year.
1897
1898
1899
1900
Seals
caught.
20,766
18,032
16,812
22,470
Total
187,406
The agent in charge reports that the seal life on-the islands in 1899
was 20 per cent less than in 1898, and attributes such decrease to the
effect of pelagic sealing. The rookeries were examined during the
past season by an agent of the Fish Commission, who had had previous
experience on the seal islands. He reports a decrease in the seal
life on the rookeries as compared with former years. This is shown by
actual counts each year of the young seals born on certain rookeries, by
photographs of the larger masses of seals, and by charts showing the
area occupied by the herds on each separate rookery.
The increase of the pelagic catch of 1899 shows nothing of the size of
the seal herd itself. It only shows an increased average catch for the
vessels engaged. The seal herd, in its migration along the northwest
coast, follows a well-defined course. With the decrease of the herd, the
seals become more massed along this migration track, which really
simplifies the work of the pelagic sealer. The same is doubtless true
of Bering Sea, where the feeding seals are found in a limited area about
the Pribilof Islands. With these facts in view, the increased pelagic
catch for the one season of 1899 has no special significance.
The annual report of the agent in charge of the seal islands for the
season of 1899 was not received until January last. During that period
the earnings of the natives for their labor in killing seals and foxes
were as follows: On St. Paul Island, $7,186; on St. George Island,
$3,225; total, $10,411. This sum was disbursed for their support on
the orders of the agents of the Department. In addition, there was
expended from the sum of $19,500, appropriated for the maintenance
of the natives, upon orders for food, clothing, and other supplies,
issued by the agents of the Department, $14,915.38, and $4,185 for coal
for their use, leaving an unexpended balance of $399.62.
The census of the native inhabitants of the seal islands shows that on
June 30, 1899, there were 89 males and 114 females on St. Paul Island,
and 49 males and 60 females on St. George Island, a total population for
both islands of 312, an increase of 12 over the previous year.
The lessees of the islands maintain schools for the native children,
and attendance is compulsory. They also employ physicians and supply
medicines. In all respects the natives are cared for properly.
An epidemic of la grippe broke out on the seal islands in June last,
SECEETAEY OF THE TEEASUEY.
XLIII
and resulted in the death of 14 natives and a white employee of the
lessees, the North American Commercial Company.
Under the provisions of the sundry civil appropriation act of March
3,1879, relating to the lease of unoccupied and unproductive property
of the United States, and section 1959, Eevised Statutes, the- North
American Commercial Company, lessees for a period of twenty years
ending May 1, 1910, of the sealing privilege on the seal islands of
Alaska, were granted a lease of the unoccupied and unproductive portions of the islands for a period of five years from May 2,1900, for the
purpose of domesticating and propagating the fur-bearing animal known
as the blue fox. Such lease provides that the rental to be paid by said
lessees shall consist of $5 for every blue-fox skin and $1 for each whitefox skin obtained by the lessees, which allowance is to be placed to the
credit of the native inhabitants, to be available for their support and
maintenance on orders in their favor to be drawn by the agents of
the Department in charge of the islands. The lease also provides that
the agents of the Department shall have supervision and control over
the raising and trapping of foxes; that the natives shall be employed in
taking and trapping them, and in handling and preparing the food
supplies for the foxes, to be furnished by said lessees. Provision is
also made in the lease that it may be terminated at any time by the
Secretary of the Treasury on full and satisfactory proof of violations by
the lessees of any of its provisions.
In addition, under the provision of the law referred to above, 12
islands in Alaskan waters have been leased to individuals for the propagation of foxes, at an annual rental of $100 each.
Provision should be made for the protection and preservation of the
game and fur-bearing animals of Alaska. Deer are now killed at all
seasons for their pelts, which sell at nominal prices, and the sea otter is
almost extinct. The annual report of the Supervising Special Agent
will show the total number of skins of various kinds brought from
Alaska to the Pacific coast ports, as reported by the collectors of customs, during the year 1899. This statement, compared with the returns
for the previous year, shows that the fur-bearing animals of Alaska are
being rapidly exterminated.
Salmon fisheries.
The agent for the protection of the salmon fisheries of Alaska, in a
preliminary report, estimates the pack of salmon for the season at
upward of 1,400,000 cans, an increase of fully 300,000 cans over the
pack of last year.
On May 2, 1900, under the authority contained in section 179, chapter 12, act of March 3, 1899, entitled ^^An Act to define and punish
crimes in the District of Alaska and to provide a code of criminal procedure for said District," regulations were issued forbidding the use of
XLIV
E E P O E T ON THE FINANCES.
traps and the wanton destruction of salmon. There was also required the
establishment of a suitable artificial propagating plant or hatchery at or
near each salmon fishery in Alaska, to produce yearly and place in the
natural spawning waters of each fishery red salmon fry equal to at least
four times the number of mature fish taken. The agent for the protection ofthe salmon fisheries of Alaska says that the fishing for salmon in
Alaskan waters is excessive and should be limited by law. He also
reports that the natives of Attn Island, at the extreme southern point
of the Alaskan peninsula, are almost destitute and are deserving of
governmental relief. He urges that an appropriation of $300 be made
for the purchase of seines for the use of the natives of Afognak Island,
in the same Territory, who have suffered from the encroachments of
salmon canneries.
INTEENAL EEVENUE.
The receipts from the several objects of taxation under the internalrevenue laws for the fiscal years ended June 30,1899 and 1900, were as
follows:
Receipts from internal revenue, 1899 and 1900.
F i s c a l y e a r e n d e d J u n e 30—
O b j e c t s of t a x a t i o n .
Increase,
1899.
Distilled, s p i r i t s
Manufactured tobacco
Fermented liquors
Oleomargarine
Filled cheese
.•
"
M i x e d flour
Special t a x e s not e l s e w h e r e e n u m e r ated
L e g a c i e s a n d d i s t r i b u t i v e s h a r e s of
personal property
'.
S c h e d u l e s A. a n d 13
B a n k s , b a n k e r s , etc
Miscellaneous collections
Total
Decrease,
1900.
$99,283,534,16 $109,868,817.18
52,493, 207,64
59,355,084.27
68,644,558.45
73,550,754.49
1,956,618.56
2,543,785.18
18,098.42
17,064.48
7,840.62
7,439.46
$10,585, 283.02
6,861,876.63
4,906,196.04
587,166.62
$1,033.94
401 16
4,921,593.21
4,515,640.85
1,235,. 435.25
43,837, 818.66
1,649,056.30
1,085,868.47
2,884,491.55
40,964,365.30
1,460.50
1,607,204.31
273,484,573.44
295,316,107.57
21,831,534.13
405,952.36
2,873,453,36
1,460,50
521,335.84
A detailed statement of the receipts and expenditures will be found
in the report of the Commissioner of Internal Eevenue.
The amounts given as receipts are those actually collected during the
fiscal years mentioned; but in many cases the money collected on the
last day of June is not deposited until the first day of July, thus causing a discrepancy between the collections and deposits for the year.
The total cost of collection for the fiscal year ended June 30,1900, was
$4,653,687.74, and $4,591,754.90 in 1899, showing an increase for the
fiscal year ended June 30, 1900, of $61,932.84. The percentage cost of
collection for the fiscal year ended June 30, 1900, was 1.58 per cent,
as against 1.68 per cent in 1899.
The total production of distilled spirits, exclusive of fruit brandies, for
the fiscal year ended June 30, 1900, was 105,484,699 taxable gallons,
against 97,064,565 taxable gallons in 1899, showing an increase in production for the fiscal year just ended of 8,420,134 gallons. There were
also produced 608,948 gallons of apple brandy, 7,688 gallons of peach
SECEETAEY OF THE TEEASUEY.
XLV
brandy, 3,141,800 gallons of grape brandy, 41 gallons of berry brandy,
and 2,010 gallons of prune brandy, making a total production of
3,760,487 gallons from fruits during the year.
A further comparison of the two fiscal years shows an increase of
898,760 gallons in the production of apple brandy, a decrease of 33,093
gallons in the production of peach brandy, an increase of 298,082 gallons in the production of grape brandy, a decrease of 731 gallons in
the production of pear brandy, a decrease of 71 gallons in the production of berry brandy, and a decrease of 229 gallons in the production
of prune brandy. For the fiscal year ended June 30, 1900, there was an
aggregate increase of 662,718 gallons produced from fruits as compared
with the previous fiscal year.
The quantity of distilled spirits gauged during the fiscal year was
351,425,388 gallons, against 318,503,686 gallons in 1899, making an
increase for the year just ended of 32,921,702 gallons.
During the fiscal year ended June 30, 1900, 3,613 distilleries of all
kinds were operated. For the preceding fiscal year 3,922 distilleries of
all kinds were operated, a decrease of 809 for the year just ended.
During the fiscal year ended June 80, 1900, there were produced
39,471,593 barrels of beer. The number of barrels i)roduced during
the fiscal year ended June 30,1899, was 36,697,634, making an increased
production for the year just ended of 2,773,959 barrels.
For the fiscal year ended June 30, 1900, the total receipts from the
taxes on tobacco, cigars, cigarettes, snuff, etc., were $59,355,084.27.
The receipts from thesame sources in 1899 were $52,493,207.64, showing
an increase of $6,861,876.63 for the year ended June 30, 1900.
DISTEICT OF COLUMBIA.
The net expenditures on account of the District of Columbia for the
fiscal year 1900 were $7,108,581.57. The net revenues deposited in the
Treasury on this account for the same period were $4,008,722.77. During the year 3.65 per cent bonds for $2,500 were issued and sold to provide funds to pay interest under a decree of court, on board of audit
certificates, as provided in the act of Congress approved August 13,1894.
Under the operations of the sinking funds, the net reduction of the
bonded debt during the year was $796,900, and of the annual interest
charge, $40,405. The total amount of the bonded debt at the close of
the fiscal year was $15,091,300. Of this sum, $14,224,100 consisted of
3.65 per cent bonds. The bonds of the old funded debt retired with the
sinking fund for the water-stock bonds equal in amount the water-stock
bonds outstanding. The 3.50 per cent ten-year funding bonds issued
under the act of Congress approved March 3, 1891, have all been called
in and canceled. The unsigned bonds provided for transfers on this
loan, amounting to $2,924,600, havebeen destroyed.
Detailed information in regard to the affairs of the District of Columbia will be found in the report to be submitted by the District Commis
XLVI
EEPOET ON THE FINANCES.
sioners and by the Treasurer of the United States, ex officio commissioner
of the sinking fund of the District.
PUBLIC BUILDINGS.
The following statement of buildings completed and occupied, in
course of erection, and not yet commenced is based on the report of the
Supervising Architect of this Department for the fiscal year just closed.
Attention, however, is called to the fact that in addition to the statement which takes up buildings proper, and excludes extensions, repairs,
improvements, etc., authorized, work has been completed since thelast
report on the extension to the public building at Canton, Ohio, and
work is being prosecuted on the extensions to the public buildings at
Columbus, Ga., Dubuque, Iowa, Jackson, Miss., Minneapolis, Minn.,
Omaha, Nebr., Springfield, Mass., and Topeka, Kans. The annex to the
temporary post-office at Chicago, 111., is well under way, and will be
completed in the near future. The laundry building at the marine
hospital, Chicago, 111., is finished, but the heating apparatus is not yet
supplied. The improvements to the custom-house building, Detroit,
Mich., have been completed.
Total number of buildings at date of last report, including marine hospitals and
quarantine stations
430
To be dropped (United States post-office, Washington, D, C.) by reason of legislation transferring its custody and control to the Post-Of&ce Department
1
Total
429
The above statement gives the total number of buildings proper, but
does not include extensions, improvements, repairs, etc., and is amplified as follows:
Completed at date of last report
I n course of erection at date pf last report
Completed
20
8
349
Commenced since last report
12
20
8
32
40
Number of buildings authorized, but not commenced
Total
429
The buildings completed and occupied are classed as follows:
Court-house, custom-house, post-office, etc
Marine hospitals....
Quarantine stations
Total
326
20
11
357
Statement of expenditures from appropriations for puhlic huildings from June 30, 1899, to
June 30, 1900.
For sites for, and construction of, public buildings, extensions, and repairs, specially appropriated for
;
$5, 933, 524. 33
For repairs and preservation of public buildings
407, 242. 74
For heating apparatus for public buildings
141, 935. 24
For vaults, safes, an d locks for public buildings
25, 889. 43
For photographic duplication of plans for public buildings
3, 463. 01
Total
6,512,054,75
SECEETAEY OF THE TEEASUEY.
XLVII
Sail of Becords.
The attention of Congress has been repeatedly called to the necessity
for providing a Hall of Eecords in this city in which uncurrent files of
the various Executive Departments and other branches of the Government may be stored. The Secretary would be remiss in duty if he did
not present the matter again for the consideration of Congress. He
therefore submits the following extract from the report of 1899:
This matter has been the subject of agitation for many years past, but
with no practical results. The growth of the Government's business is so
rapid, and the accumulation of the files so great as a consequence, that
all of the Executive Departments are cramped for room in which to
store the files which by law must be preserved. The destruction by
fire of any one of the Executive Departments would cause almost
irreparable injury, confusion, and delay in the transaction of its business, and this is especially true of the Treasury. This Department is
the great clearing house of the Government. Here all its debts are
paid, and here are preserved the evidences of such payment. The files
stored in this building are in such condition that a fire may ensue at
any time, and in the event of their destruction, numberless claims
against the Government would at once arise to embarrass it.
In the Secretary's opinion, there is no public improvement more
needed for the welfare of the nation than a Hall of Eecords in this city,
and the matter is presented for tfie careful consideration of Congress,
with the hope that action will be taken at this session looking to the
erection of such building,
IMMIGEATION.
The Commissioner-General of Immigration, in the annual report of
the operations of his Bureau for the fiscal year ended June 30, 1900,
submits tabulated statements showing the arrival in this country during
that period of 448,572 alien immigrants, 425,372 through ports of the
United States and 23,200 through Canada. Of these, 304,148 were males
and 144,424 females; 54,624 were under 14 years of age, 370,382 were
from 14 to 45 years old, and 23,566 were 45 and over.
As to the literacy of persons 14 years of age and over, there were
93,576 who could neither read nor write, and 2,097 who could read but
were unable to write; 54,288 brought each $30 or over, and 271,821
showed sums less than $30, the total amounts displayed to inspectors
aggregating $6,657,580.
There were returned to their own countries within one year after
landing 356, and hospital relief was rendered during the year to 2,417.
-The total debarred, or refused a landing at the ports, were 4,246, as
compared with 3,798 last year. Of these, 1 was excluded for idiocy,
32 for insanity, 2,974 as paupers or persons likely to become public
charges, 398 on account of disease, 4 as convicts, 2 as assisted immigrants, 838 as contract laborers, and 7 women upon the ground that
they had been imported for immoral purposes. In addition to the
foregoing, there were excluded at the Mexican and Canadian borders
a total of 1,616 aliens.
XLVIII
E E P O E T ON THE FINANCES.
It appears that the Croatian and Slovenian races sent an increase of
99 per cent over those of the same races who came last year; the
Hebrew, an increase of 62 per cent; the South Italian (including
Sicilian), 28 per cent; the Japanese, 271 per cent; the Finnish, 106
per cent; the Magyar, 181 per cent; the Polish, 64 per cent; the
Scandinavian, 41 per cent; the Slovak, 84 per cent. These nine races,
of the total of forty-one races represented by immigration, furnished
nearly as many immigrants as the total arrivals for the last year, or
310,444, and their aggregate increase represented 85 per cent of the
total increase shown for the year.
The total immigration reported, 448,572, is in excess of that for the
preceding year, 311,715, by 136,857, or 43.9 per cent. As to countries
of origin, 424,700 came from European, 17,946 from Asiatic, 30 from
African, and 5,896 from all other sources.
The Commissioner-General points out that in addition to the 448,572
immigrants there arrived 65,685 other alien passengers, who, he contends, should be included in conformity to law with those classified as
immigrants, it being claimed that the immigration laws refer to all
aliens, the word 'immigrant'' being used merely to designate the kind
of aliens to whom the laws are applicable, viz, those coming here, immigrating, and therefore immigrant; and he says this view is sustained by
the fact that otherwise the excluded classes might secure unquestioned
admittance by denying that they are immigrants or, in the popular
sense, prospective settlers.
Attention is directed in the report of the Commissioner-General to the
relatively large proportion of immigrants who remain in the large cities
and to the dangers both to themselves and to American citizens from
this practice.
Tables showing the pursuits of the immigrants reported distribute
them as follows: Professional, 2,392; skilled trades, 61,443; miscellaneous, 249,796 ; no occupation, including women and children, 184,941;
total, 448,572.
The Commissioner-General presents reasons for construing the provisions of the alien contract labor laws strictly against the admission of
aliens, and he urges that only circumstantial evidence can in the nature
of things be secured to prove an agreement or contract to supply work as
an inducement to migrate.
The large increase in Japanese immigration is referred to, and the
opinion is expressed that, unless checked, it will produce serious trouble
in the Pacific States, where such aliens are used as cheap laborers to
take the places of American workingmen.
Cooperation with organized labor in this country has been found
useful in detecting violations of the contract-labor laws.
No material diminution is reported in the number of aliens deported
on account of disease, and it is again recommended that United States
Marine-Hospital surgeons be detailed for duty at the foreign porta
SECEETAEY OF T H E TEEASUEY.
XLIX
of embarkation as the most effective check on such dangerous immigration. Of the 893 deported on this account, 114 were Jews, 48
Syrians, 39 Japanese, 33 Poles, 82 South Italians, 20 Finlanders, 19
Lithuanians, and 88 of all other races.
The recommendation made heretofore is repeated, that United States
officers be withdrawn from Canadian ports and exclusive ports of entry
for aliens be established at suitable points along our northern boundary.
The opinion is expressed that no other plan short of the enactment of
our immigration laws by Canada will accomplish the purpose of enforcing their provisions against aliens thus seeking to come into the United
States.
Eeference is made in the report to the detail of officers to visit Hawaii
and Porto Eico for the purpose of securing such a knowledge of the
situation in those islands as will enable the Bureau to forestall and prevent any attempt of the excluded classes of aliens from securing admission to this country through its new territory.
The Commissioner-General recommends that Congress explicitly define
the meaning of the words ^ alien immigrant,'^ used in the act of
^
March 3,1898, to apply to all aliens coming into this country for whatever purpose. He also recommends that prostitutes be added to the
list of excluded classes; that steamship companies be compelled to
receive for deportation to the countries whence they came aliens who
have become insane within one year after, landing, from causes arising
subsequent thereto, provided the return passage of such aliens is prepaid ; and that the head tax be increased to not less than $2, in order to
furnish means for the erection and maintenance of suitable buildings
at the principal ports of entry for the accommodation of aliens pending
consideration of their right to land.
For the enforcement of the alien contract labor laws there was expended during the year the sum of $99,598.51, leaving a balance of the
annual appropriation of $401.49. In the administration of the laws
regulating immigration there was disbursed in the same period
$321,017.25, which amount, together with $290,850 paid on account of
the new buildings on Ellis Island, New York Harbor, being deducted
from the receipts for the year, $576,688.50, and the balance on hand at
the close of the last fiscal year, $418,326.43, leaves on hand $383,147.68.
It being reported that certain abuses existed at the port of New York,
a committee was appointed to make an investigation, and the parties
found guilty of offenses were dismissed. In the absence of tangible
evidence to the contrary, it is now believed by the Secretary that the
Service is honorably and faithfully administered.
The new immigrant station at Ellis Island, New York Harbor, is
nearing completion, and it is reported by the Supervising Architect
that all buildings will be ready for occupancy not later than January 1
next. Before then, however, some part of the Immigration Service
will be transferred to those portions of the new station already comFI1900
IV
L
E E P O E T ON THE FINANCES.
pleted, in order that as speedy relief as possible may be had from the
congested conditions which prevail at the barge office.
CHINESE EXCLUSION.
During the last fiscal year, 4,867 Chinese persons, other than laborers,
applied for admission into the United States under the provisions of the
Chinese-exclusion laws, many of them claiming admission as returning
merchants, and others as alleged natives of this country. Of this number, 3,802 were regularly admitted and 1,065 were denied admission.
Of those admitted, 2,858 came in at San Francisco, CaL, 271 at Port
Townsend, Wash., 521 at Honolulu, Hawaii, and 152 at other ports. The
number admitted at San Francisco exceeded Chinese of the exempt
class who entered at that port during the fiscal year ended June 30, 1899.
During the same period, 2,452 registered Chinese laborers departed
from this country with the privilege of returning, and 1,997 of the same
class were readmitted upon evidence showing their right to return.
The law and regulations of the Department with reference to this class
of Chinese are effective, and few irregularities in relation thereto have
occurred.
The number of Chinese laborers permitted the privilege of transit in
bond through the United States under the provisions of the treaty with
China was 2,602. Many of these went to Mexico, and numerous arrests
on the Mexican frontier of Chinese for deportation indicate that the
privilege of transit in bond has been abused.
The number of Chinese persons arrested as being unlawfully in the
United States was 639, of which number 288 were ordered deported.
The expenses of their deportation, incurred by the United States marshals, amounted to $83,088.56, an average of $114.87 for each Chinese
person deported.
On account chiefly of the increase in the expense of deporting Chinese, it became necessary at the last session of Congress to ask for a
deficiency appropriation of $20,000 for the enforcement of the exclusion laws. This request was granted.
It is believed that the irregular admission of Chinese as alleged
returning merchants, which has prevailed in the past, will be prevented by the operation of a regulation issued in March last, under
which a Chinese merchant doing business in this country may establish
his right to return to the United States before his departure therefrom,
and may then be readmitted upon proper identification.
Some embarrassment has arisen in the administration of the law,
resulting from the omission to provide for the payment of fees to United
States commissioners for hearings in cases of Chinese arrested and
brought before them as being in this country in violation of law. It is
urged that legislation be enacted providing for the payment of such
fees, either from the appropriation for the enforcement of the Chinese
SECEETAEY OF T H E TEEASUEY.
LI
exclusion acts or such other appropriation as Congress may deem to be
properly chargeable therewith.
The sundry civil appropriation act of June 6, 1900, provided that
thereafter the Commissioner-General of Immigration should have charge
of the administration of the Chinese-exclusion laws, under the supervision and direction of the Secretary of the Treasury, which action was
in accordance with a recommendation contained in the last annual
report. Since then the Bureau of Immigration has had charge of this
work.
MAEINE-HOSPITAL SEEVICE.
The Surgeon-General of the Marine-Hospital Service reports that
56,355 sick and disabled seamen of the merchant marine were treated
during the fiscal year, of which number 12,904 were treated in hospitals.
There were 1,380 important surgical operations performed requiring
the use of anaesthetics.
There are 22 United States marine hospitals and 115 additional relief
stations. A new hospital was opened at Dutch Harbor, Alaska, in a
building erected for and leased by the Department. Eelief stations
have also been established at San Juan and Ponce, in Porto Eico, and at
Honolulu.
Marine hospital for consumptives, Fort Stanton, JV. Mex.
The sanatorium for consumptive seamen, the establishment of which
was mentioned in the last annual report, has been conducted with every
indication of accomplishing the results anticipated. It was officially
opened April 27, 1899, and to October 15 there have been 92 patients
admitted, transferred from the several marine hospitals, of whom 12
were discharged as recovered, 15 improved, and 11 died of tubercle of
the lungs, the disease having advanced too far for the patients to be
benefited by the change.
At the last session of Congress the scope,of the sanatorium was set
forth in detail before the Senate Committee on Appropriations.
Purveying depot, Wew York.
Through this depot, the marine hospitals and quarantine stations, both
in the United States and in Hawaii, Cuba, Porto Eico, and, to a limited
extent, the Philippines, have received their supplies. Purveying has
also been done for the Immigration and Eevenue Cutter Services. More
than 11,000 packages were shipped during the fiscal year, weighing
about 600,000 pounds.
New marine hospital for New York.
The Surgeon-General renews his recommendation for an appropriation for a marine hospital for the port of New York, to which reference
was made in the last annual report. In this recommendation the
Secretary concurs.
LII
. E E P O E T ON THE FINANCES.
Neio marine hospital for Sonolulu.
January 8, 1900, the President issued an Executive order, setting aside
7 acres of land in the suburbs of Honolulu, to be used for the establishment of a United States marine hospital. At present hospital relief is
being afforded to the sailors of the merchant marine under contract.
The Surgeon-GeneraPs recommendation that an appropriation be made
for a hospital in the Hawaiian Islands on the site above indicated is
approved.
Aid to other services.
Aid was extended to other branches of the Government service during
the fiscal year as follows: To the Life-Saving Service in the physical
examination of 1,467 surfmen, of whom 75 were rejected, and the
examination of 380 claims of surfmen for the benefits provided by section
7 of the act of May 4, 1882; to the Eevenue-Cutter Service in the
examination of 977 applicants for enlistment, of whom 98 were rejected;
to the Steamboat-Inspection Service in the examination of 2,437 applicants for pilot's licenses; to the Coast Survey and Light-House Establishment in the examination of 9 applicants for enlistment, of whom 3
were rejected; and to the Immigration Service in the medical inspection of 448,572 immigrants.
The hospital at New York for the care of immigrants still under
inspection is conducted by officers of the Marine-Hospital Service,
requiring, with the other branches of the medical inspection, 8 medical
officers and 1 steward.
Expenditures.
The balance of the Marine-Hospital fund available at the commencement of thefisoal year was $682,024.33, and thereceipts from all sources
$916,361.60. The expenditures were $825,072.51. The balance July 1,
1900, was $773,813.42.
The balance of the appropriation, '^preventing the spread of epidemic diseases,'' available July 1, 1899, was $284,996.08; the appropriation act of June 6, 1900, $500,000, and repayments $20,112.88,
making a total available during the year of $805,108.96. The expenditures were $336,527, and the balance July 1,1900, was $468,581.96.
Domestic quarantine.
During the year 4,917 vessels were inspected and 597 disinfected at
the national quarantine stations. There are 18 fully equipped stations,
employing 27 medical officers, 7 stewards, and 150 attendants, and, in
addition, 12 maritime inspection stations, requiring the services of 12
medical officers and 2 attendants.
There are 24 vessels connected with the quarantine stations—8 small
steamers for boarding, 9 launches, 1 schooner, and 6 barges, 3 of the
latter being old vessels of the Navy.
SECEETAEY OF T H E TEEASUEY.
LIII
The new quarantine station at the mouth of the Columbia Eiver has
been practically completed during the year.
In July, 1900, with the approval of the President, two national quarantine stations were established in Alaska, one at Dutch Harbor, the
other at Nome, which were successfully conducted by commissioned
officers of the Service.
Texas border quarantine.
Medical officers were stationed at the three principal crossings on the
Texas-Mexican border, namely, Laredo, Eagle Pass, and El Paso, at
each of which places a detention camp was established and persons
detained unless they had been away the requisite length of time from
any yellow fever or smallpox infected localities in Mexico, and gave no
evidence of infection.
During the fiscal year 1,521 trains were inspected, carrying 35,516
passengers, 213 of the latter being detained, principally for observation
with regard to yellow fever. During eight months of the fiscal year
smallpox was epidemic on the Mexican side of the Eio Grande, requiring great vigilance to prevent its being brought into Texas. Four hundred and eighty-two persons were refused entry across the border at
Laredo and Eagle Pass, and the guards appointed along the Eio Grande
at points remote from these two stations were constantly occupied in
preventing people coming into the State from infected smallpox localities.
The medical officers at these stations were also detailed to enforce the
law requiring the medical inspection of immigrants.
Yellow fever.
Yellow fever occurred in Florida, Louisiana, and Mississippi in the
fall of 1899, but was not widespread. In New Orleans there were 115
cases and 20 deaths reported; at Jackson, 61 cases and 9 deaths;
at Mississippi City, 27 cases and 2 deaths; while in Key West there
were reported 1,320 cases and 68 deaths, a mortality of 5,1 per cent;
and at Miami, 206 cases and 15 deaths.
There was no yellow fever reported in the United States during the
year 1900 until November, notwithstanding the disease has prevailed
extensively in Eio de Janeiro, Vera Cruz, and Havana, and to a less
degree in a number of ports in the West Indies and Central America,
and notably upon the west coast of Africa. In November a few cases
were reported in Natchez, too late in the season to cause alarm.
Early in the summer officers of the Service in the South were enjoined
to report promptly to the Bureau any suspicion of yellow fever, and
acting assistant surgeons, at moderate salaries, were appointed in a
number of cities along the Gulf coast as inspectors, that the Bureau might
have the earliest possible information, its experience at McHenry,
Miss., in 1898, and at the National Soldiers' Home near Hampton, Ya.,
LIV
E E P O E T ON THE FINANOES.
in 1899, demonstrating that with early knowledge spread of the disease
may be prevented.
The preventive measures for 1900 were begun last winter, when a
medical officer was detailed to inspect and report upon the sanitary condition of all the towns of Central America, both on the Pacific and
Atlantic coasts, and acting assistant surgeons were detailed by the
President in seven of the ports of Central America to sign bills of
health and to enforce the regulations regarding fruit vessels. At Yera
Cruz a medical officer was also thus detailed, who, moreover, in cooperation with the officers on the Texas border, kept track of people leaving
Vera Cruz for the United States overland.
At Havana, where the disease has prevailed extensively, and is still
prevailing, the maritime quarantine regulations have been enforced by
officers of the Service.
As a precautionary measure. Camp Perry, in Florida, was reestablished upon ground leased at a nominal rate. This camp is not only a
safeguard for future possible emergencies, but offers a suitable place
for the storage and distribution of camp equipage belonging to the
Service.
Eegarding the cause of yellow fever, the findings of the commission
of the Marine-Hospital Service identifying the bacillus icteroides of
Sanarelli as the causative agent have been approved by a number of
contributed articles in the medical press, and have also excited opposing
statements. Based upon entire confidence in these findings, 8 horses
are being subjected to immunizing inoculations, with a view of obtaining a curative and prophylactic serum similar in its action to that
for diphtheria, with prospects of success.
The subject of international compact with regard to the sanitation of
ports and places habitually infected with yellow fever, to which reference was made in the last annual report, is still receiving the attention of
the Marine-Hospital Service by means of correspondence, and the
Surgeon-General reports so marked an interest and approval of the suggestion that it is probable the matter will assume definite form for consideration in the near future.
Bubonic plague.
The Surgeon-General reports that plague has been more widely distributed during the year than was ever known in history, and for the
first time obtained lodgment in the Western Hemisphere, at Santos,
Brazil, in October, 1899, By this it is not meant that the disease
has been actually more prevalent than before, but that its points of contact have embraced nearly every civilized country in the world, though
its prompt recognition and application of modern methods have either
entirely prevented its spread or have caused it to disappear after a
short period of infection. The scientific knowledge of the disease renders it far less to be dreaded than before, but increase in rapid commu
SECEETAEY OF THE TEEASUEY.
LV
ni cation between different parts of the world facilitates its transportation.
In illustration, the fact is cited that 20 vessels have been reported,
arriving at as many principal seaports in different parts of the world,
on which plague was discovered on arrival or had manifested itself during the voyage. As heretofore, its chief ravages have been in India,
where preventive measures have been hindered by religious fanaticism.
In India during the year there were 66,294 deaths.
Notable outbreaks of the disease occurred in Kobe and in Formosa,
Japan, at Oporto, Santos, Eio de Janeiro, Honolulu, Sydney, Mauritius,
Hongkong, and Glasgow.
On the announcement of plague in Oporto, Portugal, and subsequently
in Santos, Brazil, in December last, special regulations were issued by
the Department relating to vessels arriving therefrom, and in January
quarantine regulations to prevent the introduction of plague at all ports
were issued.
In anticipation of its need, the Surgeon-General prepared and published, in January, a treatise on the bubonic plague, giving its history,
the nature and course of the disease, its treatment, and the preventive
measures necessary. It was distributed to all United States quarantine
and health officers and to our representatives abroad. This treatise
received the commendation of several representatives of foreign governments, was translated in part into the Turkish language, and was
utilized also, by reason of its timely appearance, in a number of foreign
ports.
Immediately on the aimouncement of plague at Santos, Brazil, a
medical officer was sent there from the United States to enforce the
Treasury regulations on shipping leaving for American ports, his services proving of great value in limiting the restrictive measures on
vessels arriving.
In December, 1899, on account of the apparent spread of this disease,
12 commissioned officers were detailed by order of the President
for duty in the offices of the United States consuls at the principal ports
in England and on the Continent. In June, the disease fortunately not
having become as widespread as anticipated, they were recalled, with
the exception of five, who are still retained for the purpose of furnishing information and for service at any needed point. Two of those
thus retained, when the plague was announced at Glasgow, Scotland, on
August 28, 1900, were immediately sent to that point and began inspection of vessels for the United States and also for Canada, by request of
that Government, thus enabling vessels to be entered at ports on this
side without undue restraint.
In the laboratory of the Service, scientific investigations as to the
viability of the plague bacillus and the methods and efficiency of disinfection have been conducted, and the results, together with excerpts
from all available literature bearing upon the prevention of plague.
LVI
E E P O E T ON THE FINANCES.
have been published in the Public Health Eeports, forming, for this
year, a volume containing most complete information upon this disease.
About 700,000 doses of Haffkine's prophylactic were also prepared
in the laboratory and sent to the United States quarantine officers at
home and abroad, together with large quantities of Yersin's serum,
purchased early in the year from the Pasteur Institute in Paris. In
these two preparations, the one (Haff kine) a prophylactic and the other
(Yersin) both prophylactic and a cure, the Surgeon-General says that
science has effective methods of combating the spread of this disease.
Yessels infected with plague have arrived at New York, San Francisco, and Port Townsend.
On March 8, 1900, a death from plague in the Chinese quarter of
San Francisco was officially reported, since which time to August 16
the Surgeon-General says there were 15 deaths from plague. Three
cases were reported in October, namely, on the 5th, l l t h , and 14th.
Smallpox.
During the fiscal year ended June 30, 1900, 14,998 cases of smallpox,
with 731 deaths, in 44 States and Territories, were reported. The Surgeon-General reports that the disease has been of a mild character,
the death rate being less than 5 per cent. This disease is considered
one which it is the duty of local authorities to suppress, but, following out the plan heretofore adopted by the Service, the assistance
rendered to State and local boards of health has been by the distribution of publications and the detail of officers to make investigations,
and personally to explain the methods to be adopted in the suppression
of the disease in communities requesting such advice. In pursuance of
this plan, officers have been detailed during the year on the staffs of
the governors of three States.
Division of foreign quarantine.
During the year the Marine-Hospital Service has conducted maritime
quarantine in Cuba, Porto Eico, Hawaii,, and the Philippines. In Cuba
and in the Philippines the conduct of the Service is under Executive
order, the surgeon detailed as chief quarantine officer having also been
placed, by Executive order, upon the staff of the military governor.
In Porto Eico, during a portion of the year, the conduct of the Service
was also under Executive order, but in April it was placed under the
Marine-Hospital Service by act of Congress, as was also the conduct of
the quarantine in the Hawaiian Islands.
There are 19 quarantine stations in Cuba, 9 in Porto Eico, 3 in the
Philippines, and 4 in Hawaii. The equipment of these stations with
disinfecting plants, boarding steamers, wharves, etc., the detail and
employment of the necessary officers thereto, and the perfecting of the
organization and the regulations of the insular service have added
materially to the labors of the Marine Hospital Bureau.
In addition to officers detailed to European ports and Central America,
SECEETAEY
OF THE TEEASUEY.
LVII
medical representatives of the Service have been stationed at Eio de
Janeiro, Brazil; Yokohama and Kobe, Japan; Hongkong, China, and
Constantinople, Turkey.
Hygienic laboratory.
The work of preparing Yersin's curative serum for use against bubonic
plague is still in progress with encouraging prospects, as is also that of
preparing the serum of Sanarelli to be used in the prevention and in
the treatment of yellow fever. Horses are also being treated with a
view to the production of a serum for the prevention of typhoid fever
and pneumonia. Experiments have been conducted with vaccine lymph,
both dry and glycerinized, resulting in proof of the superiority of the
latter on account of its greater freedom from bacteria.
The Marine-Hospital Service now numbers among its officers 8
skilled bacteriologists, the experience of some of whom is very wide in
the study of various infectious and contagious diseases and in the
investigation of various sanitary problems.
The Surgeon-General invites attention to the limited space occupied
by the laboratory and its unsuitable location on one of the floors of a
general office building. He again urgently.renews the former recommendation looking to the acquirement of a proper site and the erection
of a building distinctly for laboratory purposes as a measure demanded
both in the interests of efficiency and safety. The Secretary concurs
in his recommendation.
Personnel.
The commissioned corps at the close of the fiscal year consisted of
107 officers, including the Surgeon-General, 29 surgeons, 21 passed
assistant surgeons, and 56 assistant surgeons. Noncommissioned officers:
One hundred and eleven acting assistant surgeons and 38 hospital stewards ; hospital and quarantine attendants, 547; and in the Cuban quarantine service 23 acting assistant surgeons and 129 attendants. One
officer. Assist. Surg. W. E. McAdam, died of yellow fever at Key
West, Fla., in October, 1899.
In accordance with the provisions of an act of Congress approved
March 2, 1899, a commission consisting of three medical officers of the
Service has been appointed to investigate the prevalence of leprosy in
the United States. This commission is now pursuing its investigations.
EEVENUE-CUTTEE SEEVICE.
The following is a summary of the work performed by vessels of the
Eevenue-Cutter Service during the year:
Distance covered in nautical railes
Lives saved (actually rescued) from drowning
Vessels boarded and papers examined
Vessels seized and reported for violation of law
Fines and penalties incurred by vessels reported
Vessels in distress assisted
Value of vessels assisted and their cargoes
Persons on board vessels assisted
Persons in distress taken on board and cared for
312, 091
55
20, 089
^ 309
$54, 860
77
$4, 923, 095
3, 520
201
LVIII
EEPOET ON THE FINANCES.
Personnel.
Consideration is again earnestly invited to the imperative necessity
for legislation in behalf of this Service. In the annual reports of 1897,
1898, and 1899 this subject was dwelt upon at some length and reasons
given for the recommendations submitted. Something must be done
immediately to relieve the active list of commissioned officers of its
present crippled condition. There are at this time 11 officers who,
by reason of age alone, are wholly incapacitated for duty. They
are as follows: One of 74 years, one of 69, three of 68, two of 67,
three of 65, and one of 64. These officers have served from thirty to
thirty-nine years in individual cases, and some of them are veterans
of the war for the Union. There are other officers who have become
unfit for active service by reason of physical disability, contracted in
the line and performance of duty. Both of these classes hold places
upon the active list, and thus prevent the promotion of the younger and
physically qualified. There is no relief for this condition except legislation by Congress. The commissioned ranks of the Service must be
equal to its emergencies; otherwise deterioration in efficiency will
inevitably result.
In the annual report of 1899 the Secretary said, in part:
It will be readily conceded by all who are conversant with the facts
that no branch of the public service in time of peace requires as continuous, laborious, and hazardous service as this, while in time of war,
as was practically demonstrated in the war with Spain, it stands upon
the same ground with the Navy in everything except in the matter of
compensation and the benefits bestowed by the Government upon the
commissioned ranks of the sister service, in connection with which,
under the law, the Eevenue-Cutter Service bore so conspicuous and
meritorious a part.
There is a measure (Senate bill No. 728, House bill No. 5499) now
pending in Congress, which has the approval of this Department, and
which has been exhaustively considered by the Senate Committee on
Commerce and by the House Committee on Interstate and Foreign
Commerce, and by both unanimously reported for favorable action.
It is an excellent measure, and, if passed, will vastly promote the efficiency of the Service. It is therefore earnestly urged that favorable
action may be had at the earliest day practicable.
Attention is again invited to the foliowingj contained in the annual
report of 1899:
In addition to the depletion of the personnel because of advanced
age and physical disability incident to long and faithful service, the
active lists are further reduced under existing law by the assignment of
officers to special duty on shore, and of others to duty in connection
with the Life-Saving Service, as follows: One captain as chief of division, E. C. S. (Stat. L., vol. 28, p. 172, chap. 174, 1894); two captains
as superintendents of construction, life-saving stations (sec. 4249, Eev.
Stat.); ten other officers, E. C. S., as inspector and assistant inspectors
of life-saving stations (act approved June 18, 1878).
SECEETAEY OF T H E TEEASUEY.
LIX
Thus 13 officers of the line are performing duties in accordance
with law wholly apart from service afloat. In addition to these, a number of other officers of various grades are required, by exigencies of
the Service, to perform other than duty afloat in the supervision of construction of hulls and machinery of vessels building or under repairs.
The number of officers allowed under the provisions of section 2749,
Eevised Statutes, should be increased by at least so many as are required
by existing law and exigencies of the Service to serve on shore duty.
The actual depletion of the active lists of all ranks for service in
cruising vessels at this time is shown as follows: Because of advanced
age and disability, 14; because of assignments under the law to other
duty, 18 ; total, 27. This takes no account of the number of officers assigned to the superintendence of construction of the hulls and
machinery of vessels building or under repair, which will vary from 6 to
12, according to the work in progress. Neither does it take into account
the temporarily sick fromi various causes. For a considerable time past
it has been found necessary, because of the depletion of the lists, to
officer several cruising vessels with one commanding and one other line
officer, where the law requires a captain and three lieutenants.
It is recommended that section 2749, Eevised Statutes, be so amended
as to authorize the increase in the number of officers necessary.
Vessels.
The two vessels authorized by the Fifty fifth Congress, one for service
on the Great Lakes, the other for the Pacific coast, are in course of
construction by the W. E. Trigg Company, at Eichmond, Ya. The
bad condition of several vessels of the Service, to wit, the Seward,
McLane, Colfax, Boutwell, Washington, and Chandler, was fully set forth
in the reports of 1898 and 1899. These vessels have continued to
deteriorate, and none of them is worth repairs. They should be
replaced by others and sold.
The construction of 4 cruising vessels and 2 harbor vessels, to replace
those named above, is recommended.
Porto Bico.
In the report of 1899, the subject of providing vessels for service in
the waters of Porto Eico was referred to as follows :
Several applications have been made by the War Department for
vessels of the Eevenue-Cutter Service to perform duty in the waters of
Porto Eico. It has been impossible to comply with these requests. The
Service in its normal condition has no more vessels than are necessary
to cover the coast line of the United States, and none can be withdrawn
without detriment to the public service. Should the customs and navigation laws of the United States be put in force in the newly acquired
territory, the necessity for the presence of an efficient part of the Service
there will be manifest, and in that case vessels must be provided.
Should the extension of our laws to the territory named be made, it is
recommended that two revenue cutters of the first class be authorized.
In view of the fact that the customs and navigation laws of the United
States have been extended to Porto Eico, it is recommended that author
LX
E E P O E T ON T H E FINANCES.
ity be given to construct 2 vessels for service in those waters, the cost
of each to be about $200,000.
Bering Sea and Alaska.
The usual patrol of Bering Sea and the North Pacific Ocean for the
protection of the fur-seal herd waS' conducted by the following vessels,
designated by the President for the purpose: McCulloch, Manning,
Bear, Perry, and Bush. These vessels were dispatched in May last, and
the work was vigilantly prosecuted. The Bear will make her annual
cruise to Point Barrow, in the Arctic Ocean, in aid of the whaling fleet.
The work of the Service in Alaskan waters, apart from the patrol,
promises to be arduous and exacting, due to the large influx of adventurers and shipping to the mining region of Nome. All commanding
officers have been instructed to communicate and confer with the civil
and military authorities at Nome and St. Michael, and to aid both, in
every proper way, in the maintenance of law and order.
NAVIGATION.
The report of the Commissioner of Navigation shows that on June
30, 1900, the merchant marine of theUnited States, including all kinds
of documented shipping, comprised 28,833 vessels of 5,164,839 gross
tons. The following table shows the geographical distribution, motive
power and material of construction, and trade of vessels of the United
States for the fiscal year 1900, compared with the fiscal year 1899, and
also the construction for the two years:
Vessels of the United States.
1899.
1900.
GEOGRAPHICAL DISTRIBUTION.
Number.
16,275
1,970
Gross tons.
2,614,869
539,937
3,162
1,321
1,446,348
263,084
Numher.
16,532
2,203
14
3,167
1,417
Gross tons.
2,727,892
601,212
11,692
1,565,587
258,456
22,728
4,864,238
23,333
5,164,839
S a i l : (a)
Wood
I r o n a n d steel
15,771
120
2,214,540
173,687
16,13^
141
2,290,196
216,846
Total
15,891
2,388,227
16,280
2,507,042
5,824
1,013
1,274,056
1,201,955
5,969
1,084
1,281,812
1,375,985
6,837
2,476,011
7,053
2,657,797
629
1,962
71,101
491,808
647
2,362
73,383
548,817
2,591
562,909
3,009
622,200
135
232
964
288,813
71', 217
488,216
124
214
992
271,378
69,964
485,352
1,331
848,246
1,330
826,694
Atlantic a n d Gulf coasts
Pacific c o a s t
Hawaiian Islands
Northern lakes
Western rivers
;
Total
S'OWER A N D M A T E R I A L . .
steam:
•^ood.
I r o n a n d steel
....
Total
Canal boats
Barges
". '.
Total
TRADE.
Registerecl:
s t e a m iron a n d steel
Steam, w o o d
S a i l (6), w^ood a n d i r o n , a n d s t e e l
Total
aincluding canal boats and barges.
6 Including barges.
SECEETAEY OF T H E
TEEASUEY.
LXI
Vessels of the United States—Continued.
1899.
1900.
TRADE—continued.
,
Total
Nuniber.
878
5,592
14,927
Gross tons
913,142
1,202,839
1,900,011
Number.
960
5,755
15,288
Gross tons.
1,104,607
1,211,848
2,021,690
21,397
Enrolled a n d licensed:
Steam, iron a n d steel
Steam wood
Sail (a), w o o d a n d iron, a n d steel
4,015,992
22,003
4,338,145
631
306
122
214
154,586
41,534
80,366
23,552
804
303
125
215
207,652
41,354
130,611
14,173
1,273
300,038
1,447
393,790
413
7
72,535
25,538
494
10
87,557
28,903
359
80
13
48,040
103,018
1,411
342
80
38
34,580
167,948
4,492
397
4
46,673
2,823
483
70,310
1,273
300,038
1,447
393,790
CONSTRUCTION D U R I N G T H B Y E A R .
G e o g r a p h i c a l distribuUon.
Atlantic a n d Qulf coasts
Pacific c o a s t
Northern lakes
Western rivers
Total
:
Power a n d material.
Sail:
Wood
Steel
Steam:
Wood
Ironandsteel
Canal boats
Barges:
Wood
Steel
Total
At the end of the past fiscal year the merchant shipping of the
United States in carrying power and in value of materials and amount
of wages involved in its construction was unsurpassed in our history.
The total tonnage, 5,164,839 gross tons, was greater than for any year
since 1861, when American tonnage reached its maximum to that time,
5,539,813 gross tons. As our statistics then included many vessels not
now required bylaw to be enrolled, it appears that even in tonnage
American merchant shipping is now greater than at any time in the
past.
The tonnage built during the year, 393,790 gross tons, has been
exceeded in amount by our annual output only six years, and in value
and efficiency has never been equaled. Marine construction now in
progress or under contract promises a greater addition to our merchant
fleet for the current fiscal year than last year, and if the present rate is
maintained, the new tonnage will exceed that ever built in the United
States, except in 1854 and 1855.
American shipping in the coasting or domestic trade must be distinguished from American shipping in the foreign trade. The former trade
is restricted solely to American vessels; the latter trade is necessarily
open to the competition of foreign vessels. Growth in the former is a
matter of internal development, measured by domestic standards.
Growth in the latter is our part in the world's maritime development,
measured by international standards. The growth of American shipping, to which the facts just stated testify, has been wholly within the
coasting trade. In that trade our tonnage has risen from 2,897,185 gross
LXII
E E P O E T ON THE FINANCES.
tons in 1861 to 4,338,145 gross tons in 1900, and two-thirds of the
increase has been upon the Great Lakes. Where foreign competition
enters, our registered tonnage has decreased from 2,642,628 gross tons
in 1861 to 826,694 gross tons in 1900, and is less than at any time in the
past sixty years, except during our short war with Spain. For the past
three years American ships have carried annually only 9 per cent of
our exports and imports, the smallest percentage in our history.
The new century confronts us with the fact that the American merchant marine in foreign trade is relatively insignificant. It is exceeded
in effective tonnage by the steamships of any one of several foreign
corporations. To some Americans this may be neither cause for regret
nor stimulus to action; but the opinion expressed in this report last
year is reiterated:
Our national greatness can not be fully rounded out while we are so
dependent as at present on foreign shipping for our intercourse with the
rest of mankind. At this time, political and commercial considerations
demand of us a larger measure of strength and independence on the
seas than ever in our history, yet never before have we been relatively
so weak in transoceanic navigation.
The conditions for a successful effort to secure again a proper share
of the carrying trade and to reestablish our commercial flag upon the
oceans have not in a generation been so favorable as at this time. Our
heavy, continuous expenditures for the Navy have created shipbuilding plants adapted to the largest mercantile construction. Our surpassing production of coal and steel insures cheaper materials than can
be obtained elsewhere, and abundance of capital, the product of labor's
prosperity during the past few years, awaits new enterprises. Coupled
with these advantages at home, temporary causes have increased the
cost of shipbuilding abroad. These flattering considerations must not
blind us to our backwardness. We shall build, even in this year of
great activity in our shipyards, less than one-tenth the shipping for
foreign trade to be built by our principal competitor. We do not
carry 3 per cent of the world's sea-borne traffic.
The effort, to be successful, must be begun promptly and unremittingly prosecuted for a series of years, and is entitled to the cooperation of Congress. A bill for the promotion of American commerce
and for the creation of an American merchant marine in foreign trade,
which shall be worthy of the nation, now awaits the action of both
branches of Congress. It conforms in principle and general outlines to
recommendations upon the subject in the reports for 1898 and 1899.
Early consideration of that measure is recommended.
The collections from tonnage taxes during the year were $880,482.32,
against $834,087.81 for the previous fiscal year. Compared with corresponding charges by other maritime nations, the rates of these taxes
are low. The sum of $19,719 was refunded during the fiscal year to the
owners of vessels under the provisional Cuban flag, pursuant to the act
SECEETAEY OF THE TEEASUEY.
LXIII
of February 10,1900, representing alien taxes in excess of prescribed
rates necessarily imposed under sections 4219 and 4225 of the Eevised
Statutes. The few claims remaining for similar refunds will be adjusted
during the current year. Since the act of February 10, Cuban vessels
have enjoyed the privileges of vessels of the most favored nation.
Pursuant to the act of April 30,1900, before the close of the fiscal year
13 Hawaiian vessels of 15,630 gross tons were documented as vessels of
the United States. The remaining Hawaiian vessels entitled by that
act to registry will probably be brought under the American flag before
the close of the current year.
By the acts of April 12 and April 80, 1900, trade between the United
States and the islands of Porto Eico and Hawaii became subject to the
coavSting laws and has been restricted to American vessels. The change
was effected without any material inconvenience to the commerce concerned, and has already led to the construction of steamships for those
special trades, which will give those islands better facilities for commerce than they have ever before enjoyed.
These matters and others relating to American shipping interests are
considered in detail in the report of the Commissioner of Navigation, to
which attention is invited.
STEAMBOAT-INSPECTION SEEVICE.
The expenses of the Service were, for salaries, $298,715.59; contingent
expenses, $50,808.32; decrease from previous year, $86.57. Traveling
and mileage expenses were $41,896.65, the increase over the previous
year being $1,857.80. This increase is attributable to the fact that 546
more vessels were inspected than in 1899.
The number of vessels inspected and certificated was 9,253, with a
total tonnage of 4,507,648, as against 8,707 vessels inspected and certificated in 1899, with a total tonnage of 3,705,607, showing an increase
in tonnage in the present fiscal year of 802,041 tons over that inspected
in 1899.
The number of certificates issued to foreign passenger steamers
included in the above was 845, with a gross tonnage of 1,238,846. Motor
vessels inspected were 80, with a gross tonnage of 4,516. Sail vessels
inspected numbered 520, with a tonnage of 534,761, and domestic steam
vessels inspected were 8,308, with a total tonnage of 2,784,525.
The number of officers in the Service holding 5-year licenses is
estimated to be about 43,000, of whom 6,445 received their licenses during the present fiscal year, the remainder having been licensed in 1897,
1898, and 1899.
The number of applicants for masters', mates', and pilots' licenses
was 2,886.
The number of boiler plates examined by assistant inspectors at the
mills, under the act of Congress approved January 22, 1894, was 5,424,
of which 488 were rejected for various defects, and 4,941 were accepted,
EEPOET
LXIV
ON T H E
FINANCES.
showing an increase of 1,136 plates inspected over the previous fiscal
year.
Annual certificates of inspection issued to foreign stearn vessels hy inspectors during fiscal
year 1900.
Nationality.
British
German
Norwegian,
Dutch
French
Belgian
Japanese...
Italian
Spanish
Gross
Number. tonnage
209
54
25
12
12
10
7
4
2
608,846
356,341
25,906
55,185
62,987
43,122
34,881
11,360
8,470
Nationality.
Gross
Number. tonnage.
Portuguese,
Danish
Russian
Australian..
Cuban
Swedish
Total,
5,263
11,858
3,688
3,061
1,748
1,130
345
1,233,846
Accidents during the fiscal year numbered 33, being 15 less than in
the previous fiscal year. The number of lives lost was 206, being 198
less than in the previous fiscal year and 38 less than the average loss
during the last twenty-four years, such average annual loss of life having been 244.
COAST AND GEODETIC SUEVEY.
The appropriations made for the Coast and Geodetic Survey on
account of the fiscal year 1900 amounted to $549,343, of which nearly
one-half was devoted to salaries, a somewhat smaller amount to party
expenses, and the remainder to general expenses, repairs of vessels, and
numerous smaller items.
The survey of the boundary between California and Nevada, which
was completed during the fiscal year 1899, has been made the subject
of a special report, which is now practically ready for the press. The
work of tracing this line of 400 miles length has been accurately done.
It only remains to mark the established points with permanent monumcDts, which it is hoped will be done soon by the interested States.
The constant changes of the coast line and the new features continually added by commercial and other developments make it necessary
to resurvey many parts of the coast. The method has been adopted
during the past fiscal year of sending to the field with the old original
sheets an assistant, who incorporates on them such changes as have
taken place. This obviates in many cases the necessity for sending a
special party to make an entirely new survey, and proves to be an
economical procedure.
Special duty has been performed for the Light-House Board on several occasions. The Brunswick Outer Bar and the work of the Mississippi Eiver Commission also were given special attention by an
officer of the Coast and Geodetic Survey. At Brunswick, Ga., the work
was done under the direction of the Secretary of War.
Work has continued on the revision of the U. S. Coast Pilot. This
involved both office and field duty, the party spending part of the year
SECEETAEY OF THE TEEASUEY.
LXV
in collecting information on Long Island Sound. Supplements to several parts of the U. S. Coast Pilot have been prepared, one of which
includes the Eules of the Eoad. Parts I - H and IY, as well as a second
edition of Bulletin No. 40, on Alaska, were also made ready for
publication.
The computing division has finished, within the fiscal year, two
pieces of work which are of such magnitude as to warrant special mention. The network of precise leveling covering the eastern half of the
United States has been adjusted and the results prepared for the printer.
The publication will give, in convenient form for the use of the engineer, both descriptions and elevations for more than 4,000 bench marks
connected with more than 5,000 miles of precise leveling.
A special report on the great transcontinental triangulation has been
running through the press, and at the close of the fiscal year was almost
ready for delivery. Considerable progress was also made on two other
arcs, one of 600 miles, along the Pacific coast, and another along the
Appalachian Eange, from Calais, Me., to New Orleans, La., about 1,600
miles in length. All of this work will prove exceedingly valuable in
the future, since it will give many points of control in State surveys.
More than one-half of the States will, directly or indirectly, profit by
the operations mentioned.
The annual volume of the Tide Tables for the year 1901 has been
prepared. Complete predictions for Manila, P. I., have been introduced
for the first time, thus making 72 tidal stations for which full predictions
are given. Two current stations, in British Columbia, were also added.
A tidal indicator, similar to those which have given so much satisfaction to the commercial and maritime communities of New York and
Philadelphia, has been established at San Francisco. Automatic tide
gauges have been in operation during the year at Fort Hamilton, N. Y.;
Eeedy Island Quarantine Station, Del.; Washington, D. C ; Fernandina, Fla.; the Presidio of San Francisco, and at Seattle, Wash. Some
records were also received from San Juan, P. E.
: In the drawing and engraving division of the office there were 917
chart plates corrected for printing, and the total number of impressions
for all purposes was 64,601.
The issue of charts, as compared with the average for ten years past,
has been 19 per cent larger. The free distribution has been 16 per cent
larger, and the net sales 23 per cent greater. Twelve new agencies
have been established, making the total number at present 171. A new
edition of the Tables of Depths for Channels and Harbors of the United
States has been published.
Several new and improved instruments have been constructed in
the instrument division, among which were two improved geodetic
levels of nickel-iron. The total number of instruments in possession
of the Survey is 8,478, of which 5,459 are in the field.
The library contains on its shelves 18,000 volumes on the subjects of
FI1900
^v
LXVI
E E P O E T ON THE FINANCES.
magnetics, astronomy, navigation, physics, terrestrial magnetism, engineering, etc There are 20,000 maps and charts in the map rooms,
which comprise a fairly complete collection of all the charts of the
various foreign admiralties and an extensive series of maps of the
various States of the country. There are in the neighborhood of 50,000
records and computations, representing geodetic, magnetic, tidal, and
other subjects.
The work of the field parties has been distributed over the country,
and embraces, besides, outlying islands under the jurisdiction of the
United States. Topography has been executed around San Francisco,
in Chesapeake Bay, at Porto Eico, in the Northern Bering Sea, at the
mouth of the Yukon, on the Copper Eiver Delta, at Charleston, S. C ,
and at Seattle, Wash. This shows the vast extent of territory comprised by the operations of the Coast and Geodetic Survey, and emphasizes the necessity for having a large and adequate field force for the
prosecution of the work. Fifteen vessels have been occupied in the
execution of hydrography. The work has been done on the eastern
and western coast, in Porto Eico. and in Alaska. Besides this, the
islands of Hawaii have received attention, with gratifying results. Complete arrangements have been made for beginning much-needed surveys
in the Philippine Islands.
The discovery of gold fields at Nome has greatly added to urgent
work in the Bering Sea region, and the steamers Patterson and PathUnder have.been engaged in this section with parties equipped for
the varied operations required. The result is the delineation of the
edge ofthe great Yukon Bank, from Cape Eomanzof to Stewart Island,
and the determination of the depth of the water at the mouth of the
Yukon.
In the field of terrestrial magnetism there has been considerable
expansion in the scope of the work. It is proposed to make an entire
survey of the United States, extending over a period of about ten years.
This work was successfully inaugurated during the past year. The
plan involves the establishment of temporary magnetic observatories in
the vicinity of Washington, in the northwestern part of the United
States, in Alaska, and in the Hawaiian Islands. Congress has appropriated for field expenses in magnetism $25,000, exclusive of office
expenses and salaries of permanent employees.
The Coast and Geodetic Survey, embracing as it does special investigations over a wide range of subjects, and requiring a corps of professionally trained officers in special lines, well deserves the favorable
consideration of Congress in the matter of appropriations.
Office of standard weights and measures.
An attempt was made during the last session of Congress to reorganize this important branch of the Government service, and to place
it upon a plane commensurate with the requirements of the country and
SECEETAEY OF T H E TEEASUEY.
LXVII
equivalent to that occupied by similar bureaus of foreign nations. The
Department, April 18, 1900, submitted to Congress a draft of a bill to
establish a national standardizing bureau. The matter was referred to
the Committee on Coinage, Weights, and Measures. The committee
reported unanimously in favor of the measure, and strongly recommended its passage.
The same bill was also introduced in the Senate May 14, and referred
to the Committee on Commerce. The early adjournment of Congress
prevented its consideration by either branch.
The urgent need of the establishment of the proposed bureau may be
presented from four principal points of view, viz:
1. The need of accurate standards is obvious to meet the necessities
of the Executive Departments of the Government for the collection of
customs and internal revenue, the purchasing of supplies and service
on specification, and scientific work.'
2. From its importance to the general public, in so far as every business transaction is based upon standards of reference, accurate copies
of which should be in the hands of State and municipal authorities.
3. From its utility to the manufacturer of standard measuring apparatus, and to the manufacturer who requires standards in the conduct
of his business. To illustrate this point of view, the export of manufactures of this kind from Germany has trebled in the last ten years,
or since the establishment of a similar institution in that country.
This increase has been attributed by the manufacturers of England to
the bureau mentioned, and has led to the establishment of a national
physical laboratory in that country.
4. From its utility to educational, scientific, and technical institutions, most of which maintain expensively equipped laboratories, but
are now compelled to purchase much of their apparatus from abroad,
where proper standardizing facilities are provided.
The strong indorsement which the project has received from all the
interests enumerated above is ample proof of the urgent need of such a
bureau, and the recommendation that the functions ofthe present office
be enlarged to meet the requirements of existing conditions is renewed.
The usual amount of important and urgent work was done for the
Executive Departments and for the States. This included the verification of thermometers, flasks, quartz control plates, weights, and other
polariscopic apparatus used by the customs service in levying duty
upon imported sugar, and also the adjustment and verification of part
of the Maine State standards. Satisfactory progress was made in the
preparation of three sets of State standards intended for States not yet
supplied, and in the preparation of a set of metric standards for Porto
Eico. At the request of the proper authorities, a 100-foot and 30-meter
bench standard was graduated and verified for Boston, Mass. This
standard will be of the greatest assistance to the city surveyor, and also
LXVIII
E E P O E T ON THE FINANCES.
to the surveyors and engineers of the vicinity, who are thus provided
with a ready means of verifying their tapes and chains.
The work of the electrical division of this office reached such a stage
that in March the electrical fraternity were informed through the technical journals of the readiness of the office to make verifications of
certain classes of standards and measuring apparatus, in terms of the
standards provisionally adopted by the office. The field covered by
this division is, however, limited by the lack of proper laboratory
facilities. We shall be obliged, as heretofore, to send to the national
standardizing laboratories of Germany and England for verification the
large class of alternating current measuring instruments, condensers,
and photometric standards.
Many millions of dollars are annually involved in electric-lighting
and electric-power contracts alone, and the absence of proper official
standardizing facilities at.this late day is entirely out of harmony with
the leading rank held by this country along these lines. The chairman
of the standards committee of the American Institute of Electrical
Engineers offered, on behalf of the manufacturers of incandescent
lamps, to provide, if necessary, the funds for equipping the office for
the verification of standard incandescent lamps of a specified candlepower.
The office was called upon during the year by the Committee on Coinage, Weights, and Measures for much data concerning the metric system
of weights and measures, the committee having before them for consideration a bill looking to its adoption. The acquisition of Porto Eico
and the Philippine Islands, in which the system is used, and the recent
rapid extension of our foreign commerce with countries using it, make
this question a most important and pressing one. This system has
been adopted by all leading foreign countries except England and Eussia. In the former its adoption is yearly receiving more consideration
and in the latter has been decided upon, only the exact time and
manner of effecting the change remaining unsettled.
In view of the foregoing, it is strongly urged that the reform in our
weights and measures contemplated by the bill now before Congress be
brought about as soon as possible; and in this connection the following
from last year's report is repeated:
The intense commercial rivalry of nations warns us to leave nothing
undone which might further our own interests, and there can be no doubt
that the introduction of the metric system, to which this country stands
pledged since the meeting of the International American Conference In
1890, would greatly facilitate international commercial transactions.
LXIX
SECEETAEY OF THE TEEASUEY'.
LIGHT-HOUSE ESTABLISHMENT.
The increase of the Light-House Establishment during the last fiscal
year is shown by the following table :
Increase during fiscal year 1900.
1899.
Light-houses and beacon lights
Light-vessels in position
Light-vessels for relief.
Electric-lighted buoys in position
Gas-lighted buoys in position
1
Fog signals, operated by steam, caloric, or oil engines
Fog signals, operated by clockwork
:
Post lights
Day or unlighted beacons
Whistling buoys in position
Bell buoys in position
Other buoys in position, including pile buoys and stakes in Fifth
district, and buoys in Alaskan waters
Steam tenders
:
Steam launches
,
Sailing tenders
Light-keepers
Other employees, including crews of light-vessels and tenders
Laborers in charge of post lights
.
1,199
46
7
II
67
1900.
1,243
44
7
Increase.
{a)
11 1
i2 1
160
217
1,775
475
70
117
172
221
1,783
488
73
120
4,712
33
11
3
1,373
1,249
I,363
4,749
iZ
11
2
1,394
1,256
1,382
0
0
15
12
4
8
13
37
0
0
()
&
a In November, 1899, Columbia River Light-Vessel No. 50 went ashore, and thus far efforts have
failed to get her off the beach.
Light-Vessel No. 63 has been taken from her position on Ballard Reef, and is now used as a relief
light-vessel.
Relief Light-Vessel No. 19 has been put out of commission, and is to be turned over to the Navy
Department for target practice;
6 One sailing tender sold during the year.
The Light-House Board reports that there has been an increase in the
cost of materials, and there is a higher scale of wages for labor. The
operation of the eight-hour law also causes a further increase in the cost
of manufactured articles, of which, cost labor is a large factor. The
operations of the tariff act, under which the Government is required to
pay duties on all of its own importations, and to the extent of 45 per
cent on the illuminating apparatus required for use in the light-houses
now under construction, make the construction or the repair of lighthouses more expensive than heretofore. The attention of Congress is
invited to these facts in connection with the estimates of the Light-House
Board for the supply and repair of light-houses during thefisoal year 1902.
The Light-House Board endeavors to keep abreast with the development of new and improved methods for producing sound signals as
aids to navigation, and maintains a fog-signal service not excelled
by any other country. Special pains are taken to investigate and
experiment with every improved method for producing sound signals. A new device for fog-signal purposes has been brought to the
attention of the Board, materially increasing the effective area of
sound, insuring with much greater certainty than heretofore the location
of the signal. This device will lessen the dangers of navigation, and
lead to reductions in the maritime rates of insurance. The Board
recommends in its estimate for expenses of fog signals for the fiscal
LXX
EEPOET ON THE FINANCES.
year ending June 30, 1902, the purchase of the fog-signal apparatus
specified, in which recommendation the Secretary concurs.
The light-vessels have been subjected to unusually severe storms
during the past year, but those recently constructed have been exceptionally fortunate in weathering these gales, owing to their superior
strength and modern features of steam propulsion. Further improvements are contemplated for increasing the efficiency of this class of
aids to navigation, in the use of electricity, the use of an automatic
riding windlass, and the application of wireless telegraphy as soon as
its reliability for this purpose is demonstrated. To this end, the Board
is continuing its investigations of the methods of Tesla, Marconi, and
others.
During the fiscal year there was but one severe disaster to the
light-vessels of the Light-House Establishment; the Columbia Eiver,
Oregon, No. 50, light-vessel stranded off the mouth of that river. The
stability of this vessel prevented its being broken up, and the Board
entered into an agreement for floating it. The parties, however, failed
to prosecute the work with sufficient diligence, and it was taken out of
their hands. Another agreement was entered into, after due competition, with one of the leading shipbuilding firms on the Pacific coast for
the recovery of the light-vessel. The probabilities now are that this
ship will be saved.
The estimate of the Light-House Board for expenses of light-vessels
for the fiscal year 1902 and the special estimate of the Board for the
establishment of wireless electrical communication are approved.
The system of lighting the western rivers has been eminently successful and economically administered, and it is believed should be main-,
tained and extended to meet the increased needs of commerce. There
should be an extension of the buoyage system of our seacoasts and
lakes. The growth of the mining industries on the coasts of Alaska
has greatly increased navigation in Alaskan waters, necessitating the
use of many buoys. The additional buoys needed require that the
appropriation for this purpose should not fall below the amount appropriated last year.
During the past year the boards of trade, chambers of commerce, and
other organized bodies representing the interests of navigation on the
Pacific coast have urgently persisted in their appeals for the establishment of aids to navigation in Alaskan waters at the earliest practicable
day to facilitate the immense commerce which has developed in those
waters. The importance of these commercial interests is fully realized,
and during the past year systematic investigation has been made by
the Light-House Board of the maritime needs in that locality. Under
the direction of the Board, the district officers of the Thirteenth lighthouse district have begun to examine definitely the sites proposed for
the light and fog-signal stations mentioned in the last annual report of
the Board, and to make estimates of the cost of these aids to navigation.
SECEETAEY OF THE TEEASUEY.
LXXI
Lighting and maintaining aids to navigation on the island of Porto
Eico and its waters is under the charge of the Light-House Establishment,, an appropriation of $60,000 having been made for that service by
the act of Congress approved June 6, 1900. The Board has submitted
an estimate of $75,000 for this service in its general estimates for the
fiscal year to end June 30, 1902.
If the aids to navigation in the Hawaiian Islands should be turned
over to the Light-House Establishment for improvement and maintenance, it will be necessary to have funds available for the purpose.
The Board has, therefore, provisionally submitted an estimate of $25,000
for this purpose for the fiscal year 1902. This estimate is based on
the cost of maintaining similar lights in this country. The various
appropriations requested by the Light-House Board have received the
approval of the Department.
LIFE-SAVING SEEVICE.
The number of lives lost within the scope of the operations of the
Life-Saving Service during the year was 53. It is a lamentable fact
that more than one-half of these were needlessly sacrificed through
the untimely haste of the crews of two vessels to embark in their own
boats—always an extremely hazardous undertaking in heavy weather,
and one against which miariners have been repeatedly cautioned. That
all these lives, 27 in number, would have been saved by the crews of
the Life-Saving Service is sufficiently well established by the fact that
every person who remained on board the wrecks was rescued.
The only storm of phenomenal intensity during the year was a West
Indian hurricane which swept the coast of North Carolina during the
16th, 17th, and 18th of August, and caused three shipwrecks, from
which 17 persons were rescued by the life-saving crews and 11 were
lost. Six of these were swept overboard by the seas in the darkness
of night, when the vessels were far from the shore, and at a stage
of the tempest when, as the Weather-Bureau reports, the wind was
blowing at a velocity of 100 miles an hour. The other 5 were lost in the
total demolition of the vessel within an hour from stranding and after
the Life-Saving Service had shot its lines on board, which, however,
the shipwrecked men were unable to use. It was from one of these
wrecks that Surfman Easmus S. Midgett, of the Gull Shoal Life-Saving
Station, rescued without aid 10 men under circumstances demanding
the prompt exercise of superior judgment and great heroism.
During the months of June and July, 1899, when the stations on the
Atlantic and Gulf coasts were not manned, valuable service was performed by members of the Life-Saving Establishment in connection with
a devastating flood that prevailed along portions of the Brazos Eiver
in Texas. Eeports of great disaster were received in Galveston during
the 5th and 6th of July, showing that thousands of persons had been
cut off from the outside world and compelled to resort for safety to
LXXil
REPOET ON THE FINANCES.
trees and the upper stories and roofs of their dwellings, while the surrounding country was submerged to a depth of from 5 to 18 feet. The
superintendent of the district immediately proffered, for the assistance
and rescue of imperiled persons, the services of himself and the two
most available keepers, with crews sufficient to man the boats. This
offer was promptly accepted.
The relief force thus provided was employed, except for a few hours
of broken rest at night, from the 6th to the 12th of July. During that
period their operations covered long distances up and down the region
of the river, embracing hundreds of square miles of territory. Supplies were distributed, and upward of five hundred persons were rescued. The work was hazardous, and all the men were more or less
debilitated for some time afterwards. One died of malarial fever contracted while engaged in this voluntary work of mercy.
The number of disasters to documented vessels within the scope of
the Service was 364. There were on board these vessels 2,655 persons, of whom 48 were lost. The estimated value of the vessels was
$6,127,500, and that of the cargoes $3,342,690, making the total value
of imperiled property $9,470,190. Of this amount, $7,234,690 was
saved and $2,285,500 lost. The number of vessels totally lost was 61.
There were also 329 disasters to undocumented craft, comprising
sailboats, rowboats, etc., involving 781 persons, 5 of whom perished.
The total value of property involved in these disasters is estimated at
$267,070, of which amount $256,770 was saved and $10,300 lost. The
aggregate, therefore, is as follows:
Total number of disasters
Total value of property involved
Total value of property saved..
Total value of property lost
Total number of persons involved
Total number of persons lost
Total number of shipwrecked persons succored at stations
Total number of days' succor afforded
Number of vessels totally lost
.,
693
$9,737,260
$7, 491, 460
$2,245,800
3, 436
53
675
1,447
61
In addition to the foregoing, 595 persons who were not on board vessels, and who are therefore not included in the summary, were rescued
from positions of peril. Five hundred and fourteen of the number, a
large majority of whom were women and children, were those rescued
from the perils of the flood occasioned by the overflow, from July 6 to
12, 1899, of the Brazos Eiver in Texas.
One hundred and ninety-four vessels that were discovered running
into danger of stranding were warned off by patrolmen, 185 by night
signals and 9 by day signals.
The surfmen also saved and assisted in saving 371 vessels, aggregating
in value, including their cargoes, $4,006,590. Of this number, 269,
valued with their cargoes at $1,008,305, were saved without outside
assistance, with a loss of only $6,835. In the remaining 102 instances,
the life-saving crews cooperated with wrecking vessels, towboats, etc..
SECEETAEY OF T H E TEEASUEY.
LXXIII
in saving property estimated at a value of $2,998,285, of which the loss
was $79,005. Minor assistance of various kinds was rendered to 685
other vessels, including small craft.
At the close of the fiscal year the Service comprised 269 stations, of
whieh number 194 were situated on the Atlantic and Gulf coasts, 58 on
the coasts of the Great Lakes, 1 at the Falls of the Ohio, Louisville, Ky.,
and 16 on the Pacific coast.
The net expenditures for the maintenance of the Service during the
year was $1,535,986.55.
The old stations at Cleveland, Ohio, and Davis Neck, Mass., which
had become unsuitable for further use by reason of age and inadaptation
to the needs of the Service, have been replaced by new buildings. The
station at Point Bonita, Cal., which was mentioned in the report for
1899 as undergoing construction, has been completed. New stations
were begun and completed during the year at Nahant, Mass., and Grand
Marais and Charlevoix, Mich. A new station is in course of construction at Gloucester, Mass.
SECEET SEEVICE.
The year witnessed the successful conclusion of the prosecutions in
the Philadelphia-Lancaster counterfeiting conspiracy. The two former
United States officials who attempted to bribe a member of the Secret
Service were convicted, after a memorable legal battle, and each sentenced to two years and a half in a penitentiary. Jacobs, the promoter
of the enterprise, and Kendig, his lieutenant, were sentenced to twelve'
years each, with fines of $5,000. These convictions, with those of
Arthur Taylor, B. S. Bredell, James Burns, Samuel B. Downey, Harry
Taylor, and Daniel Hayes, who were directly connected with the counterfeiting phase of the case, and Harry Fairbanks and Thomas O'Dea,
for the attempted bribery of the jury which tried Ingham and Newitt,
close the most far-reaching and dangerous conspiracy of the kind the
country has ever known. Of all the persons implicated in the crime,
none escaped retributive punishment.
A spurious note almost equal to the $100 Monroe-head silver certificate appeared in Philadelphia and created temporary consternation
in commercial circles, but the responsibility for the note was soon
established, and its history proved to be but another chapter in the
earlier and greater conspiracy.
There were comparatively few new counterfeits during the year, and,
with one unimportant exception, those responsible for the dangerous
counterfeits which appeared have been convicted or are under arrest
awaiting trial. A recommendation that the Federal statutes be amended
to include additional penalties for second and third convictions for the
same crime is one in which the Secretary heartily concurs.
The Secret Service Division found a large field for work in special
investigations for other Departments, in every instance with gratifying
results.
LXXIV
E E P O E T ON THE FINANCES.
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:
Florida
Louisiana
North Carolina
South Carolina
Tennessee
Virginia
Total
'.
:
'.
:
..'.
$132,000.00
37,000.00
58,000.00
125,000.00
335, 666. 6 6 |
594,800.00
1,282,466.661
The above is a statement of the principal of such stocks and bonds,
and does not include items of interest.
The indebtedness of the State of Tennessee, included in the above
statement, is subject to such action as may be taken under the joint
resolution of Congress, approved May 12,1898 (30 Stat., pp. 742, 743),
which provides for the adjustment of the claims between the United
States and the State, with directions that any settlement or compromise
eff'ected by virtue of the act shall be reported to Congress for its action
and approval.
During the present calendar year the State of Arkansas paid into the
Treasury ofthe UnitedStates the sum of $160,000 to redeem its bonds
owned by the United States, formerly in the Indian trust fund. The
bonds matured January 1, 1900, the interest thereon was paid at maturity, but final payment of the principal sum was made in installments
running from January 1 to August 4, 1900. Full settlement and payment of the debt of Arkansas on this account has thus been made by
the compromise effected with the State under the act of Congress of
August 4, 1894 (22 Stat., 229), as approved b y t h e act of April 29,
1898 (30 Stat., 367).
Section 4 of the act of March 8, 1899 (80 Stat., 1858), authorizes and
directs the Secretary of the Treasury to institute proceedings against
the States indebted to the United States on account of bonds or stocks.
Acting under this authority, demands were made upon the States of
Florida, Louisiana, North Carolina, South Carolina, and Yirginia for
payment of amounts due from them, respectively; and no satisfactory
response thereto having been made, the claims were transmitted to the
Attorney-General for the institution of suits in the Supreme Court of
the United States. Suits were filed by the Attorney-General, but were
subsequently discontinued and dismissed under the directions given
by Congress in the sundry civil act of June 6, 1900 (31 Stat., 612).
A history of these State stocks and bonds is given in House document No. 263, Fifty-fourth Congress, second session.
CENTEAL PACIFIC DEBT.
All amountswhich have become due under the agreement dated February 1, 1899, for the settlement of the indebtedness of the Central
SECEETAEY OF TfiE TEEASUEY.
LXXV
Pacific Railroad Company to the United States have been paid by the
railroad company in full, including interest on all outstanding notes to
August 1, 1900. The company, having previously anticipated payment
of the notes maturing on or prior to February 1, 1901, has, during the
current year, anticipated payment of the note due August 1, 1901, so
that already one-fourth of the whole principal of the debt has been
paid. -The next payment on account of principal does not mature until
February 1, 1902.
SIOUX CITY AND PACIFIC DEBT.
By act approved June 6, 1900, Congress authorized and empowered
the Secretary of the Treasury, the Secretary of the Interior, and the
Attorney-General ofthe United States to make settlement and adjustment
of the Sioux City and Pacific Eailroad Company's indebtedness to the
Government of the United States, a;nd to that end to receive and determine upon any proposition or propositions from said Sioux City and
Pacific Eailroad Company, or from any other person or persons, corporation or corporations, and to sell or assign the mortgage given by
said company to the United States, and do any and all things proper
and necessary to effect such settlement and adjustment, and secure to
the United States the largest sum possible in the payment of said
indebtedness up to the full amount thereof.
It is hoped an agreement satisfactory to the Government will be
reached at an early day.
EXCHANGE OF POETO EICAN CUEEENCY.
The act of April 12, 1900, entitled ^^An Act Temporarily to provide
revenues and a civil government for Porto Eico, and for other purposes,"
contained the following provision:
SEC. 11. That for the purpose of retiring the Porto Eican coins now
in circulation in Porto Eico and substituting therefor the coins of the
United States, the Secretary of the Treasury is hereby authorized to
redeem, on presentation in Porto Eico, all the silver coins of Porto
Eico known as the peso and all other silver and copper Porto Eican
coins now in circulation in Porto Eico, not including any such coins
that may be imported into Porto Eico after the first day of February,
nineteen hundred, at the present established rate of sixty cents in the
coins of the United States for one peso of Porto Eican coin, and for all
minor or subsidiary coins the same rate of exchange shall be applied.
The Porto Eican coins so purchased or redeemed shall be recoined at
the expense of the United States, under the direction of the Secretary
of the Treasury, into such coins of the United States now authorized
by law as he may direct, and from and after three months after the
date when this Act shall take effect no coins shall be a legal tender, in
payment of debts thereafter contracted, for any amount in Porto Eico,
except those of the United States; and whatever sum may be required
to carry out the provisions hereof, and to pay all expenses that may be
incurred in connection therewith, is hereby appropriated, and the SeC:
retary of the Treasury is hereby authorized to establish such regulations and employ such agencies as may be necessary to accomplish the
LXXVI
E E P O E T ON THE FINANCES.
purposes hereof: Provided, however, That all debts owing on the date
when this Act shall take effect shall be payable in the coins of Porto
Eico now in circulation, or in the coins of the United States at the rate
of exchange above named.
Under the authority contained in said section, agents of the Department were sent to Porto Eico. They arrived in San Juan April 30, in
time to begin the exchange on the day the act took effect, namely. May
1, 1900. •
Estimates of the amount of provincial money in circulation on the
island varied from 5,000,000 to 6,646,000 pesos. From May 2 to August
20, 1900, the Department's agents shipped to the United States mint at
Philadelphia 5,470,704.97 pesos. The total value, expressed in United
States money, of this amount of pesos received and shipped to the Philadelphia mint was $3,282,422.98. This was done at a cost of $12,409.84,
being thirty-eight hundredths of one per cent of the amount exchanged.
Upon the return to the United States of the agents assigned to the work,
Messrs. DeFord < Co., of San Juan, were designated to continue the
&
exchange. From the best information available at the time of the
departure of the Department's agents, it was estimated there were still on
the island some 600,000 to 700,000 pesos, but the shipments made since
indicate that this estimate was much too large.
HAWAIIAN POSTAL SAVINGS DEPOSITS.
Provisions contained in ^ An Act to provide a government for the
^
Territory of Hawaii," approved ApriL30, 1900, required the Secretary
of the Treasury, in the execution of the agreement of the United States
as expressed in an act entitled '^ Joint Eesolution to provide for annexing the Hawaiian Islands to the United States," approved July 7,1898,
to pay the amounts on deposit in the Hawaiian Postal Savings Bank to
the persons entitled thereto. The appropriation provided for that
purpose was available on and after July 1, 1900, when payment was
to begin. From reports made by officials of the government of Hawaii
and from an examination of the affairs of the bank made by an officer of
this Department sent to Honolulu for the purpose of inaugurating a
system by which payment to the depositors in the Hawaiian Postal Savings Bank should be made, it appears that the amounts due to depositors
on July 1, 1900, classified by nationalities, as nearly as could be determined, were as follows:
Nationality.
American
British
German
Hawaiian....
Portuguese..
Chinese..
Sundry nationalities
Postal certificates
W a r r a n t s o u t s t a n d i n g a n d interest p a i d o n accounts closed to J u n e
30,1900
Total..
Number.
Amount.
367
347
277
1,035
433
6,448
142
$70,337.38
68,020.42
85,865.64
104,126.66
143,213.88
235,522.85
29,432.66
25,763.72
>,049
764,570.31
2,287.10
Average.
$191.65
196.02
309.98
100.61
330.75
36.53
207.27
SECEETAEY OF T H E TEEASUEY.
LXXVII
In arranging for the payment of these deposits at the time specified
in the act, the Secretary found it necessary to employ the services of
the First American Bank of Hawaii, located at Honolulu, and an
arrangenient was made whereby the bank should furnish the funds
required to pay all certificates duly presented by the depositor, or those
entitled to payment, on and after July 1, 1900, the bank to be reimbursed by the Government as soon as the certificates so paid should be
presented to the Department at Washington.
Up to the 15th of November $494,189.58 has been paid to 2,170
depositors through this agency. There still remains $270,380.78 of
unpaid deposits due to 6,879 depositors, nearly all of whom are Chinese.
These are now being paid off as rapidly as the claims are presented,
and it is expected that all will be liquidated by the close of the year.
In this connection, the attention of Congress is invited to the terms of
the joint resolution "To provide for annexing the Hawaiian Islands to
the United States," approved July 7, 1898, by which the debt of the
Eepublic of Hawaii lawfully existing at the date of its passage, including the sum required to pay the depositors in the Hawaiian Postal Savings Bank, not to exceed the sum of $4,000,000, was assumed by the
United States.
By the terms of this resolution the Hawaiian Government is required
to pay the interest on said debt ^ so long as the existing government
^
and the present commercial relations of the Hawaiian Islands are continued." This obligation upon the Hawaiian Government ceased on
June 15, 1900, when the act to provide a government for the Territory
of Hawaii went into effect. The interest after that date is unprovided
for, and should be assumed by the United States under a fair construction of the resolution. No appropriation beyond the amount required
to pay the depositors in the Hawaiian Postal Savings Bank was provided for the payment of any portion of this debt. It is, therefore,
urged that an appropriation be promptly made for payment of the debt
assumed by the Unifced States, together with accruing interest thereon,
and of such further sum, not to exceed $20,000, as may be necessary to
cover commissions and all other expenses necessary to carry out the purposes of Congress as expressed in the joint resolution.
The following draft of an amendment is recommended for adoption:
^^That in the execution of the agreement of the United States in joint
resolution of July seventh, eighteen hundred and ninety-eight, the
Secretary of the Treasury shall pay of the public debt of the Eepublic
of Hawaii lawfully existing at the date of the passage of said joint resolution, now subject to payment, or which may hereafter become subject
to payment, an amount not exceeding four million dollars, after deducting the sum required to pay the depositors in the Hawaiian Postal Savings Bank, as provided in the act of April thirtieth, nineteen hundred,
together with such amount as may be necessary to pay any accruing
interest on said debt as above described for which the United States may
LXXVIII
E E P O E T ON THE FINANCES.
be liable under said joint resolution, and the additional sum of twenty
thousand dollars, or so much thereof as may be required to pay the
expenses incurred in carrying out the purposes of said resolution ; and
so much money as shall be necessary for these several purposes is hereby
appropriated out of any money in the Treasury of the United States not
otherwise appropriated."
EEFUNDING THE PUBLIC DEBT.
The act of March 14, 1900, contained a provision for the refunding of
certain outstanding bonds, bearing interest at 3 per cent, 4 per cent,
and 5 per cent, into 2 per cent thirty-year bonds, payable, principal
and interest, in United States gold coin of the present standard value.
This provision is contained in section 11 of said act, and is quoted as
follows:
SEC. 11. That the Secretary of the Treasury is hereby authorized to
receive at the Treasury any of the outstanding bonds of the United
States bearing interest at five per centum per annum, payable February
first, nineteen hundred and four, and any bonds of the United States
bearing interest at four per centum per annum, payable July first, nineteen hundred and seven, and any bonds of the United States bearing
interest at three per centum per annum, payable August first, nineteen
hundred and eight, 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, and said bonds to be payable, principal and interest, 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: Provided, That such outstanding bonds may be
received in exchange at a valuation not greater than their present
worth to yield an income of two and one-quarter per centum per
annum; and in consideration of the reduction of interest effected, the
Secretary of the Treasury is authorized to pay to the holders of the
outstanding bonds surrendered for exchange, out of any money in
the Treasury not otherwise appropriated, a sum not greater than the
difference between their present worth, computed as aforesaid, and their
par value, and the payments to be made hereunder shall be held to be
payments on account of the sinking fund created by section thirty-six
hundred and ninety-four of the Eevised Statutes: And provided further.
That the two per centum bonds to be issued under the provisions of this
Act shall be issued at not less tban par, and they shall be numbered
consecutively in the order of their issue, and when payment is made the
last numbers issued shall be first paid, and this order shall be followed
until all the bonds are paid, and whenever any of the outstanding bonds
are called for payment interest thereon shall cease three months after
sach call. > * ^
<
i
In pursuance of the foregoing section, a circular was published March
14,1900, calling the attention of the owners of United States registered
and coupon bonds of the above loaus to the provisions of the law and
setting forth the terms upon which said exchanges might be made.
SECEETAEY OF T H E TEEASUEY.
LXXIX
namely, the outstanding bonds to be surrendered at a valuation equal
to their present worth, to yield an income of 2} per cent per annum, the
2 per cent bonds to be issued at par in amounts equal to the par value
of the bonds surrendered, and the sum representing the difference
between the present worth of the surrendered bonds and their par value
to be paid to the owners of the bonds by the Treasurer of the United
States, (a) The new bonds were dated April 1, 1900. The concluding
paragraph of the circular was as follows:
In exercise of the discretion given to the Secretary of the Treasury
under section 11 of the act, he reserves the right to suspend the
exchange of bonds above contemplated, whenever, in his opinion, the
interests of the Government may be best served thereby. The Secretary of the Treasury also reserves the right to change the terms of
exchange above set forth, either by requiring a bonus or premium upon
the two per cent bonds or by requiring the holders of bonds outstanding
to surrender the same in exchange for the new bonds at a rate to yield
income of more than two and one-quarter per cent per annum.
The surrender of the outstanding bonds began immediately upon the
publication of the circular. At first the exchanges were principally of
bonds held by the Treasurer of the United States to secure the circulating notes of national banks and public deposits in national-bank
depositaries, but the surrender of bonds held by others than national
banking institutions was by no means insignificant.
Owing to great pressure upon the Bureau of Engraving and Printing
in preparing plates for new national banks and plates for old national
banks which, up to that time, had no outstanding currency of greater
denominations than $5, it was impracticable to prepare plates for and
print the new bonds with the usual punctuality of the Bureau. To
obviate any inconvenience to the Department and to the owners of the
bonds, it was decided to issue temporary bonds and to hold the same
in the Department, those representing bonds to be lodged with the
Treasurer of the United States as security for circulation or deposits to
be immediately delivered to the Treasurer for that purpose, and those
representing all other bonds to be held by the Eegister of the Treasury
a The Actuary of the Treasury gives the following method of ascertaining the present worth of
bonds under the requirements of the act of March 14,1900:
Example: To find the present worth, November 1, 1900, of a $100 5 per cent bond maturing February 1, 1904, so as to yield an income of 23^ per cent interest per annum.
Solution: tjpon February I, 1904, the holder of the bond will receive $100, face of the bond, and
$1.25 interest for the last quarter. Therefore, the value of the bond before payment of iiiterest
February 1,1904, is $101 25. The first step is to find the present worth of this amount on November 1,1903, a quarter earlier, to yield 2}^ per cent on the investment. The interest for the quarter
is one-fourth of the interest for a year. One-fourth of 2}^ is .5625 per cent. The present worth,
November 1,1903, of $101.25, February 1,1904, is T W ^ M ? . using the arithmetical rule for discount,
which is to divide the amount by I plus the rate per cent. Therefore, ^ W t i h is equal to $100.68365.
This is the present worth November 1,1903. The interest paid that date on the bond, $1.25, added
to this amount gives $101.93365. If this be divided by 1.005625, the result is $101.36348, which is the
present worth as of August I, 1903. Pursuing this same process, the present worth May 1,1903, is
ascertained to be $102.03951; February 1,1903, it is $102.71175; November 1, 1902, it is $103.38024;
August 1,1902, it is $104.04499; May 1, 1902, it is $104.70602; February 1, 1902, it is $105.36335; November 1,1901, it is $106,017; August 1,1901, it is $106,667; May 1,190I, it is $107.31336; February 1,1901,
it is $107.95610, and November 1,1900, it is $108.5952.
In pursuing this process, the desired present worth is found, and, in addition, there is established
a table of present worths to the maturity of the bond. If, instead, of finding the present worth
upon the beginning of an interest period, it is desired on some date within the quarter, the interest
is found from the desired date to the beginning ofthe next quarter, and the amount so ascertained
is used in discounting instead of the full quarter's interest—that is to say, if the present worth is to
be foimd upon the thirty-fifth day of a quarter of ninety-two days, the interest to discount with is
gf of the full quarter's intereat.
EEPOET
LXXX
ON T H E
FINANCES.
in trust for the owners, pending the receipt and preparation of the permanent bonds. This proceeding enabled the Department to carry on
all the operations of refunding without material delay. The permanent
registered bonds were received from the Bureau of Engraving and Printing in July and the coupon bonds in September, and their substitution
for the temporary bonds was speedily effected.
Up to and including November 15, 1900, there were received for
exchange $352,083,450 of the three classes of bonds in question, and an
equal amount of the 2 per cent thirty-year bonds issued in their place.
The saving in interest, the premium paid, and the net saving resulting
from refunding operations up to and iucluding November 15, 1900, are
set forth in the following table :
Class of bonds.
Loan of 1908-1918 (3 per cent)
Funded loan of 1907 (4 per cent)..
Loan of 1904 (5 per cent)
Total.
Amount
refunded.
Saving in
interest.
Premium
paid.
Net
saving.
$79,783,900
212,221,900
60,077,650
$6,590,070
30,458,364
6,701,624
$4,499,055
24,545,744
5,877,207
$2,091,015
5,912,620
824,417
352,083,450
43,750,058
34,922,006
8,828,052
NOTE.—The "saving in interest" is computed upon average dates of redemption, and may differ
slightly from the actual saving.
For a better understanding of the above tabulation, it may be well to
explain that by the payment of $34,922,006, future payments of interest,
which would have amounted to $43,750,058, have been anticipated,
with a net and final saving of the difference, $8,828,052.
Another effect of the operation is to reduce the charge upon the
Treasury for the payment of interest from the dates of refunding to
February 1, 1904, by the sum of about seven million dollars annually.
From February 1, 1904, to July 1, 1907, the annual interest charge
will be reduced by the sum of about five millions, and for the thirteen
months ending August 1, 1908, by about one million.
Of the $352,088,450 bonds surrendered for exchange, $244,046,150
were held by the Treasurer of the United States as security for circulation or public deposits in national banks. The remaining $108,037,300
bonds were surrendered by individuals and institutions other than
national banks, but a considerable proportion of the 2 per cent bonds
issued in their place were eventually sold to national banking institutions, and are now lodged with the Treasurer of the United States. The
amount held November 15, 1900, as security for circulating notes of
national banks was $272,779,100, and the amount held as security for
public deposits in national-bank depositaries was $52,565,350.
As a result, there were left outstanding on November 15, 1900, of
bonds admitted to the privilege of refunding by the act of March 14,
the following:
Of the 5 per cent loan of 1904
$34, 932, 050
Of the 4 per cent loan of 1907
'. 333,125, 700
Of the 3 per cent loan of 1908-18
Total
,
119,008,740
487,066,490
SECEETAEY OF THE TEEASUEY.
LXXXI
On November 21 the Secretary gave public notice that refunding
would be indefinitely suspended at the close of business on December
31, 1900. The considerations which induced this action may be briefly
stated:
First. Nine months will have elapsed since the passage of the refunding act. Thus the holders of bonds will have had abundant opportunity to make the exchange authorized.
Second. To leave the privilege open indefinitely is simply to give a
continuing option to bondholders without any sufficient consideration
to the Treasury.
Third. It may be fairly assumed that with this privilege discontinued
at the close of the year, refunding in the meantime T^^ill be stimulated,
and that the total refunding to that date will approximate $400,000,000.
Fourth. The sinking-fund law contemplates the retirement of the
interest-bearing public debt, either by payment or purchase of substantially $50,000,000 per annum.
Fifth. The refunding of $400,000,000 will leave outstanding and
maturing within the next eight years, say, $439,000,000, or an average
of something more than $50,000,000 per year.
The Secretary believes that the suspension of the refunding process
will put the maturing debt under better conditions (the Government's
interest alone considered) either for purchase from time to time or for
payment when due.
It will, of course, remain open for the Department to resume refunding, should the interests of the Government and the general conditions
of finance make such a course desirable.
EEDUCTION OF EEVENUE.
From the estimates of receipts and expenditures for the fiscal year
1902 there promises to be an excess of receipts to the amount of
$26,000,000. It is hardly necessary to point out that estimates are at
best approximate. Exigencies in the public service which can not be
anticipated may require expenditures not contemplated. Congressional
appropriations, extraordinary in character, or failures to realize fully
estimated revenues, are also influences which may operate seriously to
derange all advance calculations. A conservative margin should, therefore, be reserved in forecasting definite results based on hypothetical
calculations.
An annual excess in receipts over expenditures is the best indorsement of the national credit, while a deficit is a depressing factor in public finance. It has been our wise policy in the past to reduce the public
debt in time of peace, and to this good policy may be attributed, to a
high degree, the low rates of interest, hitherto unprecedented, which now
attach to our Government debt obligations. It is true that for a period
of six years from 1894 to 1899, inclusive, annual deficits appeared ; but
it may be hoped that this was a temporary interruption to a history of
FI 1900
VI
LXXXII
E E P O E T ON THE FINANCES.
twenty-eight years, when each year showed annual expenditures less
than annual revenues.
The operation of the act of February 25,1862, providiiig for a sinking
fund, contemplates the payment or purchase and cancellation of substantially $50,000,000 annually of our interest-bearing debt obligations.
Owing to the unfavorable conditions in the Treasury during the six
years just referred to, the sinking fund was entirely neglected.
In the absence of any expression to the contrary, it may be safely
assumed that it is the desire of Congress to observe faithfully the general requirements of the sinking fund act, and to provide revenue sufficient to meet the charges thus imposed upon the Government. The
present and prospective easy condition of the Treasury justifies the
belief that the sinking-fund requirement can be met, both for the current fiscal year and for the next fiscal year, and still permit a moderate
reduction in taxes imposed by the war-revenue act. A reduction to the
amount of $80,000,000 is therefore recommended to the consideration of
the present Congress.
THE MONEY STANDAED AND THE CUEEENCY.
The operation of the act of March 14 last with respect to these two
important matters of our finances has well exemplified its wisdom.
Confidence in the purpose and power of the Government to maintain
the gold standard has been greatly strengthened. The result is that
gold flows toward the Treasury instead of away from it. At the date
of this report the free gold in the Treasury is larger in amount than at
any former period in our history. Including the $150,000,000 reserve,
the gold in the Treasury belonging to the Government amounts to over
$242,000,000, while the Treasuiy holds, besides, more than $280,000,000,
against which certificates have been issued.
That provision of the act which liberalized the conditions of banknote issue was also wise and timely. Under it, as previously shown in
this report, there has been an increase of some $77,000,000 in banknote issues. To this fact may be chiefly attributed the freedom from
stress for currency to handle the large harvests of cotton, wheat, and
corn. In this respect the year has been an exception to the general rule
of stringency which for several years has so plainly marked the autumn
season.
Nevertheless, the measures referred to, prolific as they have been in
good results, will yet need reenforcement in some important particulars.
Thus, as to the redemption fund provided for in said act, while the
powers conferred upon the Secretary are probably ample to enable a
zealous and watchful officer to protect fully the gold reserve, there
appears to be lacking sufficient mandatory requirement to furnish complete confidence in the continued parity, under all conditions, between
our two forms of metallic money, silver and gold. Upon this point
further legislation may become desirable.
SECEETAEY OF THE TEEASUEY.
LXXXIII
As to the currency, while the liberalizing of conditions has, as previously noted, found response in a necessary increase of bank-note
issues, there is under our present system no assurance whatever that
the volume of bank currency will be continuously responsive to the
country's needs, either by expanding as such needs require or by contracting when superfluous in amount. The truth is that, safe and desirable as is our currency system in many respects, it is not properly
related. The supply of currency is but remotely, if at all, influenced
by the everchanging requirements of trade and industry. It is related
most largely, if not entirely, to the price of Government bonds in the
market. Between the needs of trade and commerce for a medium of
exchange and for instruments of credit, which a proper bank note furnishes, and the investment price or value of Government bonds, which
is at present the most influential factor in determining the currency
supply, there is no discernible relation whatever.
I forbear at this time, in view of the many other important subjects
which demand attention during the present short session of Congress,
to press these questions for immediate action, but I can not refrain
from inviting the attention of Senators and Eepresentatives to a careful consideration of the matters thus suggested. In the act of March
14 a forward step was taken, to the great benefit of all our material
interests. Nothing should prevent timely and well-considered amendments where necessary to solidify and complete the work so well
inaugurated.
L. J. GAGE,
Secretary.
To the S P E A K E E OF T H E H O U S E OF EEPEESENTATIVES.
TABLES ACCOMPANYING THE REPORT ON THE FINANCES.
T A B L E A.—STATEMENT O F T H E OUTSTANDING P R I N C I P A L O F T H E P U B L I C D E B T O F T H E U N I T E D STATES J U N E 30,
Length of
loan.
When redeemable.
OLD DEBT.
For detailed information in regard tothe earlierloaps embraced under
On demand . . .
this head, see Finance Report for 1876.
TiiEASURY NOTES PRIOR TO 1846.
Acts of October 12, 1837 (5 Statutes, 201); Maj^ 21, 1838 (5 Statutes, 1 aud 2 years' I and 2 years
from date.
228); March 2.1839 (5 Statutes, 823); March 31,1840 (5 Statutes, 370);
February 15,1841 (5 Statutes, 411); JanuarvSl, 1842 (5 Statutes, 469);
August 31,1842 (5 Statutes, 581), and March 3,1843 (5 Statutes, 014).
TREASURY NOTES OF 1846.
I year from
Act of July 22, 1846 (9 Statutes, 39)
lyear
date.
MEXICAN INDEMNITY.
Act of August 10, 1840 (9 Statutes, 94)
5 years from
5 years
date.
TREASURY NOTES OF 1847.
I and 2 years
Actof Januaiy 28, 1847 (9 Statutes, 118)
1 aud 2 years
from date.
TREASURY NOTES OF 1857.
Act of December 23, 1857 (11 Statutes, 257)
lyear
« 1 year from
date.
BOUNTY-LAND SCRIP.
Act of February 11; 1847 (9 Statutes, 125)
Indefinite... A t the pleasure of the
LOAN OF 1847.
Government.
Act of January 28, 1847 (9 Statutes, 118)
20 y e a r s . . . . - Jan. 1,1868....
T E X A N INDEMNITY STOCK.
Act of September 9, 1850 (9 Statutes, 447)
14 years
Jan. 1,1865.LOAN OF 1858.
Act of J u n e 14, 1858 (11 Statutes, 365)
15 years
Jan. 1,1874..
LOAN OF FEBRUARY, 1861 (1881s).
Act of February 8, 1861 (12 Statutes, 129)
10 or 20 years Dec. 31,1880.
TREASURY NOTES OF 1861.
60 days or 2 60 days or 2
Act of March 2, 1861 (12 Statutes, 178)
years a f t e r
years.
OREGON W A R DEBT.
date.
J u l y l , 1881...
Act of March 2, 1861 (12 Statutes, 198)
20 years
aincluded in "old debt."
b Including reissues.
Rate of interest.
Price
at whicli
sold.
5 and 6 per
cent.
xV of 1 to 6
per cent.
Amount
authorized.
1900.
Amount issued,
Amount outstanding.
$151, 635. 26
Indefinite.
Par.
$51, 000, 000. 00 $47, 002,900. 00
(a)
of 1 to 51 P a r per cent.
10, 000, 000. 00
7, 687, 800. 00
(a)
5 per cent... P a r -
320, 000. 00
303, 573. 92
(a)
>
23, 000, 000.00 Z 26,122,100.00
GO
(a)
TV
5§ and 6 per
cent.
Par.
3 to 6 per
cent.
Par.
Indefinite
52, 778, 900. 00
(a)
Par-
Indefinite
233, 075. 00
a
(a)
6 per cent-.
o
w
w
2
6 per c e n t . . . 1^ to ct.
per
pre.
Par
5 per cent
23, 000, 000. 00 c 28, 230,350.00
950.00
10, 000, 000.00
5,000,000.00
20, 000. 00
5 per c e n t . . . Av. pre.
of3/^V
20,000, 000. 00
20, 000, 000. 00
2, 000. 00
6 p e r c e n t . . . (Av.)89.03j 25, 000, 000. 00
18, 415, 000. 00
5, 000. 00
35, 364, 450. 00
6 per cent... Par t o Indefinite
ct. pre.
1, 090, 850. 00
2,800,000. 00
6 per c e n t . . . Par
c Including conversion of Treasury notes.
2, 450. 00
• 2, 500. 00
w
T A B L E A.—STATEMENT
O F T H E OUTSTANDING P R I N C I P A L O F T H E P U B L I C D E B T , ETC.—Continued.
L e n g t h of
loan.
Price
at which
sold.
W h e n redeemable.
R a t e of i n terest.
20 y e a r s .
A f t e r J u n e 30,
1881.
6 per cent.
Indefinite.
A t t h e pleasu r e of t h e
Government.
On d e m a n d
None .
3 years.
A u g . 19 a n d 1^% p e r c e n t . A v . p r e .
Oct. 1, 1864.
ofim-
A m o u n t outstanding.
3^ p e r c e n t .
Indefinite...
Amount
authorized.
A m o u n t issued.
X
X
X
<
L O A N O F J U L Y A N D A U G U S T , 1861.
T h e a c t of J u l y 17, 1861 (12 S t a t u t e s , 259), a u t h o r i z e d t h e i s s u e of
$250,000,000 b o n d s , w i t h i n t e r e s t a t n o t e x c e e d i n g 7 p e r c e n t u m p e r
a n n u m , r e d e e m a b l e a f t e r t w e n t y y e a r s . T h e a c t of A u g u s t 5,1861
(12 S t a t u t e s , 316), a u t h o r i z e d t h e i s s u e of b o n d s , w i t h i n t e r e s t a t 6
p e r c e n t u m p e r a n n u m , p a y a b l e a f t e r t w e u t y y e a r s from d a t e , i n
e x c h a n g e for 7-30 n o t e s i s s u e d u n d e r t h e a c t of J u l y 17, 1861.
L O A N O F 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 i n t e r e s t , a n d r e d e e m a b l e a t t h e p l e a s u r e of
the Government.
OLD D E M A N D NOTES.
A c t s of J u l y 17, 1861 (12 S t a t u t e s , 259); A u g u s t 5, 1861 (12 S t a t u t e s ,
313); F e b r u a r y 12, 1862 (12 S t a t u t e s , 338).
S E V E N - T H I R T I E S O F 1861.
A c t o f J u l y 17, 1861 (12 S t a t u t e s , 259)
F I V E - T W E N T I E S O F 1862.
A c t s of F e b r u a r y 25, 1862 (12 S t a t u t e s , 345); M a r c h 3, 1864 (13 S t a t u t e s , 13), a n d J a n u a r y 28, 1865 (13 S t a t u t e s , 425).
LEGAL-TENDER NOTES.
T h e a c t o f F e b r u a r y 25, 1862 (12 S t a t u t e s , 345), a u t h o r i z e d t h e i s s u e
of $150,000,000 U n i t e d S t a t e s n o t e s , n o t b e a r i n g i n t e r e s t , p a y a b l e t o
b e a r e r a t t h e T r e a s u r y of t h e U n i t e d S t a t e s , a n d of s u c h d e n o m i n a t i o n s , n o t less t h a n iive dollars, a s t h e S e c r e t a r y of t h e T r e a s u r y
m i g h t d e e m e x p e d i e n t , $50,000,000 t o b e a p p l i e d t o t h e r e d e m p t i o n
of d e m a n d n o t e s a u t h o r i z e d b y t h e a c t of J u l y 17,1861; t h e s e n o t e s
t o be a legal t e n d e r i n p a y m e n t of a l l d e b t s , p u b l i c a n d p r i v a t e ,
w i t h i n t h e U n i t e d S t a t e s , e x c e p t d u t i e s on i m p o r t s a n d i u t e r e s t on
t h e p u b l i c d e b t , a n d t o be e x c h a n g e a b l e for 6 p e r c e n t U n i t e d
S t a t e s b o n d s . T h e a c t o f J u l y 11,1862 (12 S t a t u t e s , 532), a u t h o r i z e d
a n a d d i t i o n a l i s s u e of $150,000,000, of s u c h d e n o m i n a t i o n s a s t h e Secr e t a r y of t h e T r e a s u r y m i g h t deem e x p e d i e n t , h u t n o s u c h n o t e
s h o u l d b e for a f r a c t i o n a l p a r t of a dollar, a n d n o t m o r e t h a n
$35,000,000 of a l o w e r d e n o m i n a t i o n t l i a n five d o l l a r s ; t l i e s e n o t e s t o
b e a l e g a l t e u d e r a s before a u t h o r i z e d . T h e a c t of M a r c h 3, 1863
(12 S t a t u t e s , 710), a u t h o r i z e d a n a d d i t i o n a l i s s u e of $150,000,000, of
s u c h d e n o m i n a t i o n s , n o t less t h a n o n e dollar, a s t h e S e c r e t a r y o f t h e
T r e a s u r y m i g h t p r e s c r i b e ; w h i c h n o t e s w e r e m a d e a legal t e n d e r a s
before a u t h o r i z e d . T h e s a m e a c t l i m i t e d t h e t i m e i n w h i c h t h e
$250, 000, 000. 00 $189, 321,350.00
$29,050. 00
o
u
60, 000,000.00 0.60, 030, 000.00
O
Indefinite
139, 999, 750. 00
514, 771, 600.00
5 or 2 0 y e a r s . M a y l , 1 8 6 7 . .
6 per cent... Av.pre.
ofiWo-
515, 000,000.00
I n d e f i n i t e . . . On d e m a n d
None .
450, 000,000.00
Par.
215, 850. 00
346,681,016.00
W
o
Treiasury notes might be exchangedfor United States bonds to July
1,1863. The amount of notes authorized by this act were to be in
lieu of $100,000,000 authorized by the resolution of January 17,1863
(12 Statutes, 822). The act of May 31,1878 (20 Statutes, 87), provides
that no more of the United States legal-tender notes shall be canceled or retired, and that when any of said notes are redeemed or received into the Treasury under any law, from any source whatever,
and shall belong to theUnited States,they shall not be retired, canceled, or destroyed, but shall be reissued and paid out again, and
kept in circulation.
The act of March 14,1900, provides that United States notes, when
presented to the Treasury for redemption, shall be redeemed in
gold coin, of the standard fixed in said act, and that in order to
secure the prompt and certain redemption of such notes it shall be
the duty of the Secretary of the Treasury to set apart in the
Treasury a reserve fund oi 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—fi.rst, 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
goid coin by the use of said notes in accordance with the provisions
of section 3700 ofthe Revised Statutes of the United States. The
above-mentioned act also provides that if the Secretary ot 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 j'^ear 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 ot said bonds to be exchanged for an equal amount of the
notes redeenied and held for exchange, aud 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,
excei)t that they shall not be used to meet deficiencies in the
current revenues.
TEMPORARY LOAN.
After 10 days' 4, 5, and 6
Acts of February 25,1862 (12 Statutes, 346); March 17, 1862 (12 Stat- Indefinite.
per cent.
notice.
utes, 370); J u l y II, 1862 (12 Statutes, 532), and J u n e 30,1864 (13 Statutes, 218).
a Including reissues.
CO
o
o
^^
w
Par.
150,000,000.00
a716,099, 247.16
2,850. 00
X'
X
X
X
o
TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued.
Length of
loan.
When redeemable.
Rate of in- at Price
which
terest.
sold.
Amount
authorized.
Amount issued, Amount outstanding.
C E R T I F I C A T E S O F INDEBTEDNESS.
Acts of March 1, 1862 (12 Statutes, 352); May 17, 1862 (12 Statutes, 1 year.
370), and March 3,1863 (12 Statutes, 710).
1 year after 6 per cent..
date.
$561,753, 241.65
$3,000.00
$50, 000, 000. 00 a368,720,079. 51
6,878,990.41
Par.
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 .
17 years.
J u l y l , I88I..
6 per cent... Av. pre.
014^^,
LOAN OF 1863.
The act of March 3, 1863 (12 Statutes, 709), authorized a loan of
$900,000,000, and theissueof bonds, with interest not exceeding 6
percentum per annum, and redeemable in notless than ten nor more
than forty years, principal and interest payable in coin. The act of
June 30, 1864 (13 Statutes, 219), repeals the above authority, except
as to the $75,000,000 of bonds already advertised for. .
Bonds of this loan continued at 3^ per cent interest, and redeemable
at the pleasure of the Goverument.
ONE-YEAR NOTES OF 1863.
O
Indefinite... At the pleasure of the
Government.
75, 000, 000.00
75,000, 000. 00
o
3^ per cent..
lyear
1 year after 5 per cent- date.
2 years
2 years after
date.
5 per cent...
400, 000, 000. 00
166,480,000.00
Acts of March 3, 1863 (12 Statutes, 710), and June 30, 1864 (13 Statutes,
218).
TEN-FORTIES OF 1864.
3 years
3 years from
date.
6 per cent
compound
400,000,000.00
266, 595,440.00
Act of March 3, 1864 (13 Statutes, 13)
10 or 40 years Mar. 1, 1874 ..
Act of March 3, 1863 (12 Statutes, 710)
TWO-YEAR NOTES OF 1863.
Actof March 3, 1863 (12 Statutes, 710)
COMPOUND-INTEREST NOTES.
FIVE-TWENTIES OF 1864.
Act of J u n e 30, 1864 (13 Statutes, 218)
!
SEVEN-THIRTIES OF 1864 AND 1865.
Acts of June 30,1804 (13 Statutes, 218) ; January 28, 1865 (13 Statutes,
425), and March 3,1865 (13 Statutes, 468).
Par-
400, 000, 000. 00
44, 520, 000. 00
5 per cent... Par to 7 200,000, 000. 00 196,118, 300. 00
per ct.
prem.
5 or 20 years. Nov. 1, 1869... 6 per cent... Av. pre. 400, 000, 000. 00 125, 561, 300. 00
012/0%^
Aug. 15,1867
3 years
June 15,1868 >l-^ij percent. Av. pre. 800, 000,000. 00 a829,992, 500. 00
July 15,1868
of2i§§u.
o
w
19,850. 00
15,900. 00
122,700. 00
F I V E - T W E N T I E S OF 1865.
Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes,
31).
CONSOLS OF 1865.
5or 20 years. Nov.l, 1870..
Acts of March 3,3865 (13 Statutes, 468), and April 12,1866 (14 Statutes,
31).
CONSOLS OF 1867.
5 or 20 years
Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes,
31).
CONSOLS OF 1868.
5 or 20 years July 1,1872..
Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes,
31).
THREE-PER-CENT CERTIFICATES.
5 or 20 years. July 1, 1873.
Acts of March 2,1867 (14 Statutes, 558), and J u l y 25,1868 (15 Statutes,
183).
FUNDED LOAN OF 1881.
Indefinite...
203, 327, 250. 00
20,850.00.
Av. pre. Indefinite.
332,998, 950.00
74, 950.00
6 per cent... Av. pre. Indefinite.
379,618,000.00
122,800.00
42, 539, 930.00
11,150.00
rtf Q .547
July 1, 1870... 6 per cent.
o f T^ftTT.
On demand . .
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 Ijonds of
the United States described iu the act of July 14, 1870 (16 Statutes,
272), to the extent necessary for the redemption of fractional currency in silver coins of the cl en omi nations of ten, twenty-five, and
- fifty cents of standard value.
The act of MarchS, 1875 (18 Statutes, 466), directs the Secretary ofthe
Treasury to issue bonds of the character and description set out in
the act of July 14, 1870 (16 Statutes, 272), to James B. Eads, or his
legal representatives, in payment at par of the warrants ofthe Secretary of War for the construction of jetties and auxiliary works to
maintain a wide and deep channel between the South Pass of the
Mississippi River and the Gulf of Mexico, unless Congress shall
have previously provided for the payment of the same by the necessary appropriation of money.
The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of y 10 years
May 1, 1881.
$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 by or under State, municipal, or local authority.
Bonds and coupons payable at the Treasury of the United States.
This act not to authorize an increase of the bonded debt of the
United States. Bonds to he sold at not less than par in"coin, and
the proceeds to be applied to the redemption of outstanding 5-20's
or to he exchanged for said 5-20's, par for par. Payment of these
a Inchniiiiy^ roist»iu^rt.
6 per cent... Av. pre. Indefinite.
6 per cent... Av. pre. Indefinite..
l of T^§5.
^
3 per cent..
Par.
GC
c
75,000,000.00 a 85,155, 000. 00
5,000.00
Kl
o
>
a
w
5 per cent... Par-
517,994,150.00
X
a
X
o
T A B L E A.—STATEMENT O F T H E OUTSTANDING P R I N C I P A L O F T H E P U B L I C D E B T , ETC.—Continned.
FUNDED LOAN OF 1881—Continued.
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 noticeof intention to redeem. The act
of January 20, 1871 (16 Statutes, 399), increases the amount of 5 per
cents to $500,000,000. provided the total amount of bonds issued shall
not exceed the amount originally authorized, and authorizes the
interest on any of these bonds to" be paid quarterlj^.
The actof 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.
FUNDED LOAN OF 1891. (REFUNDING.)
The act of J u l y 14, 1870 (16 Statutes, 272), authorizes the issue of
$300,000,000 at 4^ per centum, payable in coin of the present standard value, at the pleasure of the United States Government, after
fifteen years; these bonds to be exempt from the payment of all
taxes or duties of the United States, as well as from taxation in any
form by or under State, municipal, or local authority. Bonds and
coupon's payable at the Treasury of the United States. This act not
to authorize an increase of tho bonded debt of the United States.
Bonds to be gold at not less than par in coiu, 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.
FUNDED LOAN OF 1891. (RESUMPTION.)
The act of January 14,1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from timeto 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
Tork, the outstanding United States legal tender uotes when presented in sums of not less than fifty dollars.
F U N D E D 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
h e pleasure of the United States Government, after thirty
value, a t t
Length of
loan.
WTien redeemable.
Rate of in- atPrice
which
terest.
sold.
Amount
authorized.
Amountissued.
Ainount outstanding.
$1,500,000,000
o
n
15 years.
Sept. 1,1891.
4^ per cent.. P a r .
o
185,000,000.00
|76,250.00
o
CO
15 years.
J years.,
Sept. 1,1891.
^ per cent.. P a r t o
IA per
ct. pr''.
J u l y l , 1907... 4 per cent.. P a r t o
§ per
ct. pre.
Indefinite.
65,000,000.00
710,417,500.00
years; these bonds to be exempt from the payment of all taxes or
duties of theUnited States, as well as from taxation in any form by
or under State, municipal, or local authority. Bonds and coupon"s
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 tobe applied
to the redemption of outstanding 5-20's, or to be exchanged for said
5-20's. par for par. Paymentof these bonds, when due, to be made in
order of dates andnumbers, beginning with each class lastdated and
numbered. Interest to cease at the end of three months from notice
of intention to redeem. See Refunding Certificates, page xcv.
FUNDED LOAN OF 1907.
[ 355,528,350.00
(RESUMPTION.)
The act of January 14,1875(18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from tirae to time in the
Treasury not otherwise appropriated, and to issne, sell, dispose of,
at not less than par, in coin, either of the description of bonds of
the United States described in the act of July 14, 1870 (16 Statutes,
272), for the purpose of redeeming, on and after Januarj" 1, 1879, in
coiu, at the office of the assistant treasurer of the United States in
New York, the outstanding United States legal-tender notes when
preseDted in sums of .not less than fifty dollars.
0 years.
July I, 1907.
4 percent.
Par.
Indefinite.... 1 30,500,000.00
C/2
o
0
O
CERTIFICATES OF DEPOSIT.
>^
The act of J u n e 8, 1872 (17 Statutes, 336), authorizes the deposit of Indefinite... On demand.
United Statesnotes without in terest by bankingassociations in sums
not less than $10,000 and the issue of certificates therefor in denominations of not less than $5,000; which certificates shall be payable
on demand in United States notes, at the place where the deposits
were made. I t provides that the notes so deposited in the Treasury
shall not be counted as a part of the legal reserve, but that the certificates issued therefor raay be held and counted by the national
banks as part of their legal reserve, and may be accepted iu the settlement of clearing-house balances at the place where the deposits
therefor were made, and that the United States notes for which such
certificates were issued, or other United States notes of likeamount,
shall be held as special deposits in the Ireasury, and used only for
the redemption of such certificates. (Repealed by act bf March
14, 1900.)
°
None .
No l i m i t . . . . . .
3,705,000.00
H
W
H
>
w
a
GOLD CERTIFICATES.
The act of March 3,1863 (12 Statutes, 711), authorizes the Secretary of Indefinite.
the Treasury to receive deposits of gold coin aud bullion in sums of
not less than twenty dollars, and to issue certiticates therefor in
denominations of not less than twenty dollarvS 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 to be rece*ived at par in payment of interest on the
public debt and for duties on imports. The act of J u l y 12,1882 (22
On demand.
None .
Indefinite
227,797,179.00
X
o
T A B L E A.—STATEMENT
X
a
OF T H E OUTSTANDING P R I N C I P A L O F T H E P U B L I C D E B T , ETC.—Continued.
M
Length of
loan.
When redeemable.
Rate of interest.
Price
at which
sold.
Amount
authorized.
Amountissued.
Amount outstanding.
GOLD CERTIFICATES—Continued.
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, authorizes and directs the Secretary of
the Treasury to receive deposits of gold coin with the Treasurer
or any assistant treasurer of the United States, in sums of not less
than twenty dollars, and to issue gold certificates therefor in
denominations of not less than twenty dollars, and the coin so
deposited shall be retained in t h e Treasury and held for the payment of such certificates on demand, and used for no other purpose; such certificates to be received for customs, taxes, and all
public dues, and when so received may be reissued, and when held
by any national banking association may be counted as a part of
its lawful reserve. The act also provides that whenever and so
long as the gold coin held in the reserve fund in the Treasury for
the redeniption of United States no.tes and Treasury notes shall
fall aud remain below one hundred million dollars, the authority
to issue certificates as herein provided shall be suspended; and
also, that whenever ahd so long as the aggregate amouut 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.
SILVER CERTIFICATES.
The act of February 28,1878 (20 Statutes, 26, sec. 3), provides that any
holder of the coin authorized by this act may deposit the same with
the Treasurer or any assistant treasurer of the United States in
sums not less than ten dollars and receive therefor certificates of
notless than ten dollars each, corresponding with the denominations
ofthe United States notes. The coin deposited for or representing
the certificates shall be retained in the Treasur;^ forthe paymentof
the same on demand. Said certificates shall be receivablefor customs,
taxes, and all public dues, and, when so received, maybe reissued.
The act of August 4, 1886 (24 Statutes, 227), authorizes the issue
of silver certificates in denominations of one, two, and five dollars;
said certificates to be receivable, redeeraable, and payable in like
manner and for like purposes as is provided for by the act of February 28, 1878.
>^
o
H
O
W
o
GO
Indefinite... On demand.
Par.
$416, 015,000.00
The act of March 14, 1900, provides that it shall be the duty of the
Secretary of the Treasury, as fast as silver dollars are coined under
the .provisions of the act's of July 14, 1890, and June 13, 1898, from
bullion purchased under the act of July 14, 1890, to retire and cancel an equal amount of Treasury notes whenever received into the
Treasury, and upon the cancellation of Treasury notes, silver certificates siiall be issued against the silver dollars so coined. The
act also jjrovides that silver certificates shall be issued only of
denominations often dollars and under, except that not exceeding
in the aggregate ten per centum of the total volume of said certificates, in the discretion of the Secretary of the Treasury, may be
issued in denominations of twenty dollars, fifty dollars, and one
hundred dollars; and silver certificates of higher denomination
than ten dollars, except as therein provideci, 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
dollairs shall from time to time he retired and canceled, and notes
of denominations of ten dollars and upward shall be reissued in
substitution therefor, with like qualities and restrictions as those
retired and canceled.
REFUNDING CERTIFICATES.
Theactof February 26,1879 (20 Statutes, 321), authorizes the Secretary
ofthe Trea sury to issue, inexchangefor lawfulmoney of theUnited
States, certiticates of deposit of the denomination of ten dollars,
beariug iuterest at the rate of four per centum per aunum, and convertible at anytime, with accrued interest, into the four per centum
bonds described in the refunding act, the raoney so received to be
applied only to the payraent of the bonds bearing interest at a rate
not less than five per centum, in the mode prescribed by said act.
FUNDED LOAN OF 1881, CONTINUED AT T H R E E AND ONEH A L F P E R CENT.
These bonds were issued in exchange for five per cent bonds of the
funded loan of 1881, by mutual a.greement between the Secretary of
the Treasury and the holders, and were made redeemable at the
pleasure of the Government.
FUNDED LOAN OF 1891, CONTINUED AT TWO PER CENT.
These bonds were issued in exchange for the four and one-half per
cent funded loan of 1891, by mutual agreement between the Secretary ofthe Treasury and the holders, and were made redeemable at
the pleasure of the Government.
LOAN OF J U L Y 12, 1882.
These bouds were issued in exchange for the five and six per cent
bonds which had been previously coutiuued 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.
GO
W
O
H
Indefinite..
Convertible in- 4 per cent.
to 4 per cent
bonds.
Par
No limit
$40, 012, 750.00
35,470.00
O
>^
H
w
w
•
>
Indefinite..
At pleasure of
the Government.
Indefinite-
At pleasure of
tbe Government.
2 per cent... Par
Indefinite.
At pleasure of
the Government.
w
f per cent.. Par
3per c e n t . . . Par
a
fed
25, 364, 500! 00
21, 979,850.00
X
a
<
X
a
T A B L E A.—STATEMENT OF T H E OUTSTANDING P R I N C I P A L OF T H E P U B L I C D E B T , ETC.—Continued.
Length of
loan.
>
LOAN OF 1904.
The act of January 14,1875 (18 Statutes, 296), authorizes the Secre- 10 years.
tary of the Treasury to use any surplus revenues from time to tirae
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 legaltender notes when presented in sums of not less than fifty dollars.
LOAN QF 1925.
The actof Janu ary 14,1875 (18 Statutes, 296), authorizes the Secretary
of tbe 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
ofthe United States described in the actof July 14,1870 (16 Statutes,
272), for the purpose of redeeraing, 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-teuder notes,
when presented in sums of not less than fifty dollars.
When redeemable.
Rate of interest.
Price
atwhich
sold.
Feb. 1,1904.
5 per cent...
117.223
117.077
Amount
authorized.
Amountissued
Amount outstanding.
$100,000,000.00
$47,651,200.00
Feb. 1,1925...
ri04. 4946
4 per cent.. \\ IIL 166
30 years.
<
162, 315, 400.00
162, 315,400. 00
O
H
O
^
•
H
W
fej
H-i
LOAN OF 1908-1918.
The act of J u n e 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 ofthe 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 coui^bn or registered boiids of theUnited States in such form as
he may prescribe, and in denominations of twenty dollars or sorae
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 ofthe United
States, as well as frora taxation in any form by or under State,
municipal, or local authority.
t^
10 years
After Aug. 1,
1908.
3 per cent.
Par.
$400,000,000. 00 198,792,640.00
>'
128,843,240.00
^
•
o
fej
CP
CONSOLS OF 1930.
The act of March 14, 1900, section 11, authorizes the Secretary of the 30 years
Treasury to receive at the Treasury any o/ the outstanding bonds of
the United States of the five per cent loan of 1904, ofthe four per
cent funded loan of 1907, and of the three per cent loan of 1908-19 J 8,
aud to issue in exchange therefor an equal araount of coupon or registered bonds of the United States, in such forra as he may prescribe,
I in denominations of fifty dollars, or any multiple thereof, bearing
I interest at the rate of two per centum per annum, payable q uarterly,
such bonds to be payable at the pleasure of the Unitt-d 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 preseut
standard value, and to be exemjit frora the payment of all, taxes or
duties of the United States, as well as from taxation in any form
hy or under State, municipal, or local authority. The bouds to be
issued at not less than par and numbered consecutively in the
order of their issue; andAvhen payment is made the last numbers
issued shall be first paid, and this order followed untilall the bonds
are paid. Interest to cease three months after any call madeby
the Government to redeem.
After Apr. 1,
]930;
2 per cent... Par
839,146, 340. 00 307,125,350.00
307,125, 350. 00
GO
fel
O
fej
H
TREASURY NOTES OF 1890.
Theact of July 14,1890 (26 Statutes, 289), directs the Secretary of the
Treasury to purchase, frora time to time, silver bullion to the aggregate amount of four million five hundred thousand ounces, or so
much thereof as may be oftered, in each montli, at the market price
thereof, not exceeding oue dollar for three hundred and seventyone and twenty-five hundredths grains of pure silver, and to issue in
payment for such purchases ofsilver bullion Treasury notes ofthe
United States, to be prepared by the Secretary'- of the Treasury, in
such forra aud of such denorainatious, not less than one dollar nor
more than one thousand dollars, as he raay prescribe. That said
notes shall be redeemable.on deraand, in coin, at the Treasury of
the United States, or at the office of any assistant treasurer ofthe
United States, and.when so redeemed may be reissued; but no
greateror 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, andshall bereceivablefor customs, taxes,
and all public dues, and when so received may be reissued; and
such uotes, when held by any national banking association, may
be counted as a p a r t of its lawful reserve. Thait upon demand of
the holder of any ofthe 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 thepresent legal ratio, or such ratio as may be provided by law.
76,027,000. 00
W
fej
fed
•
•fej
w
d
fed
K!
X
a
T A B L E A.—STATEMENT
X
o
O F T H E OUTSTANDING P R I N C I P A L OF T H E P U B L I C D E B T , ETC.—Continued.
Length of
loan.
When redeemable.
Rate of interest.
Price
at Avhich
sold.
Amount
authorized.
Amountissued.
Amount outstanding.
TREASURY NOTES OF 1890—Continued.
The act of Noveraber 1,1893 (28 Stat., 4), repeals so much of the act of
July fourteenth, eighteen huudred aud ninety, as directs the Secretary- of the Treasury to purchase from time to time silver bullion
to the aggregate amount of four million five huudred thousand
ounces, or so much thereof as may be oft^ered in each month, a t t h e
market price thereof, and to issue in payment for such purchases
Treasury uotes 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 Aviththe provisions of the actof J u l y 14,
1890, shall be coined into standard silverdollars as rapidly as the pub
lie interests may require, to an amount of notlessthan one and onehalf millions of dollars in each month, and that said dollars, when
80 coined, shall be used and applied in the raanner aud for the purposes named in said act. The act of March 14,1900, provides that
United States notes, and Treasurynotes issued u n d e r t h e act of
J u l y 14, 1890, when presented to the Treasury for redemption,
shall be redeemed in gold coin of the standardfixed by said actand
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 rederaption purposes only. I t also provides
that it shall be the duty of the Secretary of the Treasury, as fast
as silver dollars are coined under the provisions of the acts of July
14, 1890, aud J u n e 13, 1898, from bullion purchased underthe actof
J u l y 14, 1890, to retire and cancel an equal amountof Treasury
notes AA'henever received into the Treasury, and upon such cancellation to issue silver certificates against the silA'-er dollars so coined.
NATIONAL-BANK NOTES (REDEMPTION ACCOUNT).
The act of J u l y 14, 1890 (26 Statutes, 289), provides that balances
standing with the Treasurer ofthe United States to the respective
credits of national banks for deposits made to redeem the circulating notes of such banks, and all deposits thereafter receiA'-ed for
like purpose, shall be covered into the Treasury as a miscellaneous
receipt, and the Treasurer of the United States shall redeera from
the general cash in the Treasury the circulating notes of said banks
which may corae into his possession sub ject to redemption, * * *
and the balance remaining of the deposits so covered shall, at the
close of each month, be reported ou the monthly public debt statement as debt of the United States bearing no interest.
a Exclusive of $21,000 bonds issued to Pacific raiUoads not yet redeemed.
fed
fei
o
fed
H
o'
H
W
fej
o
fej
OJ
35,147,878.50
a2,136,961,091.67
SECEETAEY OF T H E TEEASUEY.
XCIX
T A B L E B . — S T A T E M E N T OF THE OUTSTANDING P R I N C I P A L OF T H E P U B L I C D E B T OF
THE U N I T E D STATES ON THE 1ST OF J A N U A R Y OF EACH YEAR FROM 1791 TO
1843, I N C L U S I V E , AND ON T H E 1ST OF J U L Y OF EACH YEAR FROM 1843 TO 1900,
INCLUSIVE.
Year.
Jan
1 1791......
1792
:
:
1793
1794
1795
1796
1797
1798
1799
1800
1801
1802
1803
1804.
1805
1806 •
1807
1808
18091810.. . .
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
77, 227, 924. 66
1844
80, 358, 634. 04
1845
78,427, 404. 77
1846
80, 747, 587. 39
1847
83, 762,172. 07
1848...
82, 064, 479. 33
1849
•
79, 228, 529.12
1850
78.408, 669. 77
1851
1852
82, 976, 294. 35
1853
83, 038, 050. 80
80,712, 632. 25
1854
'
.
77, 054, 686.40
1855
1856
86, 427,120. 88
82,-812,150.50
1857
75,723, 270. 66
1858
69, 218, 398. 64
1859
*
.
65,196, 317. 97
1860
1861
57, 023,192. 09
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
103, 466, 633. 83
1870
95, 529, 648. 28
1871
91,015,566.15
1872
89,987,427.66
1873
93, 546, 676. 98
1874
90,875, 877. 28
1875
90, 269, 777. 77
1876
83, 788, 432. 71
1877
1878
81, 054, 059. 99
1879
73, 987, 357. 20
67, 475, 043.87
1880
1881
58, 421, 413. 67
1882
48, 565, 406. 50
39,123,191. 68
1883
24,322, 235.18
1884
1885
7, 001, 698. 83
1886.
4,760,082.08
1887
..
- .
33, 733. 05
1888
37,5}'3.05
1889
336, 957. 83
1890
•
3,308,124.07
10, 434, 221.14
1891
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
A.mouut.
$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, 932, 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
I, 119, 772,138. 63
I, 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
a 2, 234, 482,993. 20
a 2 , 251, 690, 468! 43
a 2, 232, 284, 531. 95
a2,180, 395, 067.15
a 2 , 205, 301, 392.10
a2, 256, 205,892.53
a 2, 349, 567, 482. 04
a2,120, 415,370. 63
a2,069, 013, 569. 58
a 1,918, 312,994.03
al, 884,171,728.07
rtl,830, 528, 923.57
b 1, 876, 424, 275.14
& 1,756, 445, 205. 78
& 1,688, 229, 59L 63
&1,705, 992, 320. 58
& 1,640, 673, 340. 23
&1,585, 821, 048.73
&1,560, 472, 784. 61
b l , 628, 840,151. 63
&I, 598, 111, 156.13
& I, 668, 757,127.68
b 1, 701, 033, 661. 25
& 1,787, 990, 49L 40
b 1, 832, 074, 708. 90
b 1, 798, 066, 921. 90
&],984, 766 107.92
Z>2,101,445, 225. 67
a l h the amount here stated as the outstanding principal of the public debt are included the certificates of deposit outstanding on the 30th of June, issued under act of J u n e 8, 1872, for which a like
amount in United States notes Avas on special deposit in the Treasury for their redemption and added
to the cash balancein the Treasury. These certificates, as a raatter of accounts, are treated as a part
of the public debt, but being offset by notes held on deposit for their rederaption, should properly be
deducted from the principal of the public debt in making comparison Avith former years.
b Exclusive of gold, silver, currency certificates, and Treasury notes of 1890 held in the Treasurer's
cash, and including bonds issued to the several Pacific railroads not yet redeemed.
TABLE C.—ANALYSIS
Year.
1856—July I
1857
1858
1859
I860
I86I
1862
1863
•- . .
1864
1865
1865—August 31
1866—July 1
1867 . -•
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877 1878
1879
1880
1881
1882
1883
1884
1885 - •
1886
1887 1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898 1899
1900
OF
2 per cents.
!
THE
PRINCIPAL
3 per cents.
OF
THE
3^ p e r c e n t s .
i
!
' ^64 000 000 no !
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
.$460, 461, 050. 00
14, 000, 000. 00
32, 082, 600. 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
4 per cents.
!
1"'
.
$307,125, 350. 00
P U B L I C D E B T OF T H E U N I T E D . STATES FROM J U L Y
198,678,720.00
128, 843, 240. 00
$57,
105,
77,
90,
926,116. 57
629, 385. 30
547, 696. 07
496, 930. 74
618,127. 98
121, 341, 879. 62
17, 737, 025. 68
801,361.23
678.
678,
678,
678,
678,
000.
000.
000.
000.
000.
00
00
00
00
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
590, 837, 560. 00
721, 999, 390. 00
722, 000, 630. 00
722, 002, 970. 00
722, 005, 530. 00
517, 879,220. 00
4^ p e r c e n t s .
5 per cents.
$3,632, 000. 00
3,489,000.00
23, 538, OOb. i 0
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. 00
510, 628, 050. 00
607,132,750.00
711, 685, 800. 00
$140,000,666.66 703, 266, 650. 00
240, 000, 000. 00 703, 266, 650. 00
250,000, 000.00 508, 440, 350. 00
250, 000, 000. 00 484, 864, 900. 00
250, 000. 000. 00 439, 841, 350. 00
250, ooo; 000. 00
250, 000, 000. 00
250,000, 000. 00
250, 000, 000. 00
250,000, 000. 00
250,000,000.00
222,207, 050. 00
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
50, 000, 000. 00
a 25, 364, 500. 00 100, 000, 000. 00
a 25, 364, 500. 00 100, 000, 000. 00
a 25, 364, 500.00 100, 000, 000. 00
a 25, 364, 500.00 100,000, 000. 00
a 25, 364, 500. 00 100,000,000.00
a 21, 979, 850.00
47, 651, 200. 00
a Continued at 2 per cent.
'
1, 1856,
7t% p e r c e n t s .
6 per cents.
$28,130, 761. 77
24,971.958.93
21,102,838.11
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
TO J U L Y 1,
$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
•
•
.
1900.
Total interestbearing debt.
$31,762, 761.77
28, 460, 958.93
44,700,838.11
58 290 738 11
64,640,838.11
90, 380, 873. 95
365. 304, 826. 92
707,531,634.47
1, 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
I, 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
L 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
610 529 120 00
585 029 330.00
585, 037,100. 00
635, 041, 890.00
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
Sd
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TABLE C—ANALYSIS
O F T H E P R I N C I P A L O F T H E P U B L I C D E B T O F T H E U N I T E D STATES, ETC.—Continued.
Debt on which interest
. has ceased.
1856—July I
1857
1858
1859
1860
1861
1862
1863
1864
1865
1 8 6 5 — A u g u s t 31.
1866—July I .....
1867
1868
1869
1870
:
1871.....,..,..,..
1872
1873
1874
1875
1^76
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888:
1889
,
1890
1891
1892
1893
.,
.
.1894
1895
1896
1897
1898
1899
,
1900
Debt bearing no
interest.
776.13
238, 872. 92
211, 042. 92
206, 099.77
201, 449. 77
199, 999. 77
280, 195. 21 $158, 591,390.00
473, 048.16
411,767, 456. 00
416, 335.86
455,437, 271. 21
I, 245,771.20
458,090, 180. 25
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
181. 00
421,131, 510.55
5, 260,
430, 508,064.42
3, 708,641.00
902. 26
416, 565,680.06
1. 948.
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
II, 425,
465,807, 196. 89
3, 902,420. 26
860. 26
476, 764,031. 84
16, 648,
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
538, 111,162.81
7, 831,415.26
584, 308,868. 31
19, 656,205.26
995. 26
663, 712,927. 88
4,100,
619, 344,468. 52
9, 704,445.26
629. 795,077. 37
6,115,165. 26
739, 840,389. 32
2, 496,095.26
485. 26
787, 287.446. 97
1,911,
.825,011, 289. 47
1,815, 805.26
705.26
933, 852,766. 35
1, 614,
939. 37
2,785, 875. 26 1, 000, 648,
060.26
2,094,
958,854, 525. 87
1, 851,240.26
995, 360,506. 42
1, 721,590.26
958,197, 332. 99
1, 636,890.26
920, 839,543.14
880. 26
1, 346,
968, 960,655. 64
1, 262,680. 26
947,901, 845. 64
300.26
L218.
944, 660,256.66
1,176, 320. 26 1.112,305, 911.41
Outstanding'principal.
Cash in the Treasury
July 1.
$21, 006,584.89
$31, 972,537. 90
28, 699,831. 85
18,701, 210.09
44, 911,881. 03
7, on, 689. 31
58,496, 837.88
5,091, 603.69
64, 842,287.88
4, 877,885. 87
90, 580,873. 72
2,862, 212.92
524,176, 412.13
18, 863,859. 96
1.119, 772,138.63
8, 421,401. 22
1, 815, 784,
370. 57
106, 332,093.53
2, 680, 647,869.74
5, 832,012.98
2, 844, 649,
626. 56
88,218, 055.13
2, 773, 236,
173.o69
137,200, 009. 85
2, 678,126,103.87
169, 974,892.18
2, 611, 687,
851.19
130, 834,437.96
2, 588,452,213.94
155,680, 340.85
2, 480, 672,
427. 81
149, 502,471.60
2, 353, 211,
332. 32
106, 217,263. 65
2, 253, 251,
328.78
103, 470,798.43
2, 234,482,993.20
129, 020,932.45
2, 251, 690,
468.43
147, 541,314. 74
2, 232, 284,
531. 95
142, 243,361.82
2,180, 395,067.15
119, 469,726. 70
2, 205, 301,
392.10
186, 025,960. 73
2, 256, 205,
892. 53
256, 823,612. 08
2, 245,495,072. 04
249, 080,167. 01
370. 63
2.120, 415,
201,088, 622.88
569.58
2,069, 013,
249,363, 415. 35
1,918,312, 994. 03
243, 289,519. 78
1, 884,171,728. 07
345, 389,902. 92
923.57
1, 830, 528,
391, 985,928.18
1, 863, 964,
873.14
488, 612,429.23
1, 775, 063,
013.78
492, 917,173.34
1, 657, 602,
592.63
482, 433,917.21
1, 692, 858,
98-4. 58
629,854, 089.85
1, 619, 052,
922. 23
643,113, 172. 01
1, 552,140.204.73
661,355, 834. 20
1, 545, 996,
591.61
694, 083,839. 83
1,588,464, 144.63
746, 937,681.03
1, 545, 985.
686.13
707,016, 210. 38
1, 632, 253,
636. 68
732,940, 256.13
1, 676,120,983.25
774, 448,016. 51
1, 769, 840,
323. 40
814, 543,069. 70
1, 817, 672 665. 90
,
831,016, 579. 76
1,796,531 , 995. 90 769, 446,503. 76
1,991,927, 306. 92
836, 607,071. 73
2,136,961, 091. 67 1,029,249, 833. 78
Total debt less
Treasur
$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, III, 350,
737. 41
1, 709,452,277. 04
2,674,815, 856. 76
571. 43
2, 756, 431,
163.84
2, 636, 036,
2, 508,151,211.69
413. 23
2, 480, 853,
2,432,771, 873.09
2,-331,169, 956.21
068. 67
2, 246. 994,
530.35
2,149, 780,
060. 75
2,105, 462,
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
I, 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
I, 063, 004,
894. 73
975, 939,750. 22
890, 784,370.53
851, 912,751. 78
841, 526.463. 60
838, 969:475.75
.899, 313,380. 55
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
Annual interest charge.
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, 8.54.148.01
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
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
- A n n u a l interest charge computed on amount of outstanding principal at close of fiscal year, and is exclusive of interest charge on Pacific r ilway bonds.
—The figures for July 1, 1879, were made up assuming pending funding operations to have been completed.
NOTE 3.—The temporary loan per act of July 11, 1862, is included in the 4 per cents from 1862 to 1868, inclusive, with the exception of the amount outstanding August 31, 1865, this being the date at which the public debt reached
s highest point. This loan bore interest from 4 per cent to 6 per cent, and was redeemable on ten days' notice after thirty d a y s ; but being constantly changing, it nas been considered more equitable to indude the whole amount
outstanding as bearing 4 p e r c e n t i n t e r e s t on an average for the year.
ID
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REPORT ON THE
cn
FINANCES.
T A B L E D . — S T A T E M E N T OF THE ISSUE AND R E D E M P T I O N OF LOANS AND TREASCRY
NOTES (BY WARRANTS) FOR THE F I S C A L YEAR ENDED J U N E 30, 1900.
.
Issues.
Eedemptions.
Ex.cess of
issues.
B o u n t y l a n d s c r i p , a c t F e b . 11,1847.
$100.00
L o a n of J u l y a n d A u g . , 1861, a c t s of
J u l y 17 a n d A u g . 5, 1861
500.00
L e g a l - t e n d e r n o t e s , a c t s of F e b . 25
a n d J u l y 11, 1802, J a u . 7 a u d M a r .
80,676,000.00
3,1863, a n d M a r . 14,1900
$80, 676, 000.00
Gold certificates, a c t s of M a r . 3.1863,
23,825,640.00 $193,499,300.00
Ju/.y 12,1882, a n d M a r . 14,1900
217,325,000.00
One-y^.ar n o t e s of 1863, a c t of M a r . 3,
220.00
I86i
C o n i p o u n d - i n t e r e s t n o t e s , a c t s of
1,710.00
M a r . 3,1863, a n d J u n e 30.1864
200. 00
T e n - f o r t i e s of 1864, a c t of M a r . 3,1864.
T w o - y e a r n o t e s of 1863, a c t of M a r . 3,
1863
100.00
F i v e - t w e n t i e s of 1865, a c t of M a r . 3,
1865...
1,000.00
S e v e n - t b i r t i e s of 1864 a n d 1865, a c t s
750. 00
of J u n e 30,1864, a n d M a r . 3 , 1 8 6 5 . . . .
100. 00
Consols of 1868, a c t of M a r . 3,18(55
Consols of 1865, a c t of M a r . 3,1865
100.00
Consols of 1867, a c t of M a r . 3,1865
300.00
F u n d e d loan of 1881, a c t s of J u l y 14,
300.00
1870, J a n . 20,1871, a n d J a u . 14,1875..
C e r t i t i c a t e s of d e p o s i t , a c t of J u n e 8,
9, 450, 000. 00
1872
27.070,000.00
S i l v e r certificates, a c t s of F e b . 28,
1878, a n d M a r . 14,1900
172,116,000.00 162,186,504.00
1), 929, 496. 00
E e f u n d i n g certificates, a c t o f F e b . 26,
1879
2,360.00,
F r a c t i o n a l c u r r e n c y , a c t s of J u l y 17,
1802, M a r . 3,1863, a n d J u n e 30,1864.
2,418.25
F u n d e d loan of 1891, a c t s J u l y 14,
1870, J a n . 21,1871, a n d J a n . 14,1875..
36,600. 00
F u n d e d loan of 1891, a c t s J u l y 14,
1870, J a n . 21,1871, a n d J a n . 14,1875,
continued at 2 per cent
3,384,650.00
F u n d e d loan of 1907,-acts J u l y 14,
1870, J a n . 20,1871, J a n . 14,1875, a n d
M a r . 14,1900
|a204,l27,800.00
Loan of 1904, acts of Jau. 14,1875, and
Mar. 14, 1900
& 52,348,800. 00
T r e a s u r y n o t e s of 1890, a c t s of J u l y
14,1890, a n d M a r . 14,1900
16,008,000.00
33,499, 280. 00
K e d e m p t i o u of n a t i o n a l - b a n k , n o t e s ,
17,240,290.00
a c t J u l y 14,1890
17,909, 793. 00
B o n d s i s s u e d t o Pacific r a i l r o a d s ,
a c t s J u l y 1,1862, a n d J u l y 2 , 1 8 6 4 . . .
58,000. 00
L o a n of 1908-1918, a c t s of" J u n e 13,
1898, a n d M a r . 14,1900
113,920.00 c 69,949,400. 00
Consols of 1930, a c t of M a r . 14,1900... 307,125, 350. 00
307,125,350.00
Total.
820, 058, 410. 00
675,082: 625. 25
510,554,206.00
E x c e s s of
redemptions.
$100. 00
500. 00
220. 00
1,710.00
200. 00
<, 100.00
1,000.00
750. 00
100. 00
IOO. O
U
300.00
300. 00
17, 620, 000. 00
2, 360. 00
2, 418. 25
36, 600. 00
3-, 384, 650.00
204,123, 950. 00
52, 248,800. 00
17,491, 280. 00
669,503. 00
58, 000. op
69,835, 480. 00
365, 578, 421. 25
E x c e s s of r e d e m p t i o n s .
E x c e s s of i s s u e s
365, 578,421. 25
510, 554, 2u6. 00
N e t e x c e s s of i s s u e s c h a r g e d in receipts and expenditures
144, 975, 784.75
a E e d e e m e d , $14,310,350; e x c b a u g e d for 2 p e r c e n t consols of 1930, $189,817,450.
& E e d e e m e d , $4,990,300; e x c h a n g e d for 2 p e r c e n t consols of 1930, $47,358,500.
c E x c h a n g e d for.2 p e r .cent consols of 1930.
T A B L E E . — S T A T E M E N T SHOWING T H E P U R C H A S E AND R E D E M P T I O N O F BONDS ON ACCOUNT O F T H E S I N K I N G F U N D D U R I N G EACH
Y E A R FROM ITS INSTITUTION I N M A Y , 1869, TO AND INCLUDING J U N E 30, 1900.
Principal redeemed.
Year ended—
J U N E 30, 1869.
1862
March, 1864
June, 1864
1865
N e t 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
closeof
fiscal year.
of
of
of
of
J U N E 30, 1870.
1862
March, 1864...:
June, 1864
1865
Total
Five-twenties of
Five-twenties of
Five-twenties of
Five-twenties of
Consols, 1865
Consols, 1867
Consols, 1868
J U N E 30, 1871.
1862
,
March, 1864
June, 1864'.
1865
"
Total.....
$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, 506. 28
387, 903. 26
3,948, 586. I I
256, 653. 20
$16, 210.00
700.00
10, 500.00
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
1, 374, 850. 67
10, 065,850. 67
7, 261, 437. 30
196, 590. 00
136,392.56
60,197.44
3, 542, 050.00
85, 000. 00
3,971,400.00
2,790, 250.00
11, 532,150. 00
5, 882,550. 00
348, 500. 00
493, 479. 42
15, 742. 87
506,189.91
361, 735.43
I, 454, 778. 37
861,763. 73
53, 363. 95
4,035, 529.42
IOO, 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, 080, 736. 97
5, 309, 800. 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
I, 254, 897. 00
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, 509. 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
145,975. 00
1, 240. 00
201, 375. 00
331, 933. 50
522,117. 00
351. 528. 00
3, 096. 00
36, 657.80
388. 35
51, 703. 46
92, 259. 58
109,455. 28
76, 745. 93
572.13
109, 317. 20
851. 65
149,671.54
239,673. 92
412, 661. 72
274,782. 07
. 2, 512. 87
29,936,250.00
Total
$253, 822. 84
11,725. 00
161,946.45
74, 969. 00
73, 736. 80
749, 208. 08
49,442. 50
28,151, 900. 00
,
$1, 621, 000. 00
70, 000. 00
1, 051, 000. 00
465, 000. 00
461, 000. 00
4, 718, 000.00
305, 000. 00
8, 691, 000.00
Five-twenties of
Five-twen ties of
Five-twenties of
Five-twenties of
Consols, 1865
Consols, 1867
Consols, 1868
Five-twenties
Five-twenties
Five-twenties
Five-twenties
Consols, 1865
Consols, 1867
Consols, 1868
Premium paid.
FISCAL
2,542, 631. 20
32,478, 881. 20
28, 694, 017. 73
I, 557, 264. 50
367,782. 53
1,189, 481. 97
6,417,850.00
127, IQO. 00
3, 604, 650.00
3, 635. 200. 00
I I , 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
I I , 660, 785.89
6, 863, 777. 39
84,595. 02
427, 849. 00
8, 894. 00
246, 001. 50
246, 562.00
707, 334.00
417, 534. 00
5,151.00
75,179. 43
1, 338. 70
57,449. 80
37, 817. 37
149,248. 21
108,487. 92
1, 386. 95
352, 669.57
7, 555. 30
188, 551. 70
208, 744. 63
558, 085. 79
309, 046. 08
3, 764. 05
32, 618,450. 00
3,935, 050. 34
36, 553, 500. 34
32, 248, 645. 22
2, 059, 325. 50
430, 908. 38
I, 628, 417.12
CO
fel
a
fej
H
>
Kl
o
fei
W
fej
fej
GO
d
J U N E 30, 1872.
Five-twenties of
Five-twenties of
Five-twenties of
Five-twenties of
Consols, 1865 -. '.
Consols, 1867
Consols, 1868
1862
March, 1864
June, 1864
1865
Total
M
T A B L E E . — S T A T E M E N T SHOWING T H E P U R C H A S E AND 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 U N D ,
P r i n c i p a l redeemed.
Y e a r ended—
Premium paid.
N e t cost in
currency.
N e t cost
estimated in
gold.
Interest due
a t close of fiscal y e a r .
ETC.—Continued.
Accrued
interest paid
i n coin.
B a l a n c e of
interest due a t
close of
fiscal y e a r .
o
M
<1
J U N E 30, 1873.
Five-twenties
Five-twenties
Five-twen ties
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
$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
$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
3, 671, 258.17
32, 349, 258.17
28, 457, 562. 83
L 7 2 5 , 881. 50
392, 385. 45
1, 333, 496.05
1, 421. 700. 00
2, 020, 550. 00
I, 247, 250.00
3, 393, 650. 00
4, 051, 000. 00
802, 300.00
161, 219.79
218, 457. 39
135, 577. 95
360,964. 62
432, 348.18
86, 505. C2
1, 582, 919. 79
2, 239, 007. 39
1, 382, 827. 95
3, 754, 614. 62
4, 483. 348.18
888, 805. 62
I, 415, 391. 05
2,012,051.32
I, 241, 571. 69
3. 374, 934. 42
4, 029, 975. 86
798, 926. 40
99, 519. 00
141, 438. 50
87,307. 50
203, 619. 00
243, 060. 00
48,138. 00
31, 743. 95
48,013.46
29, 348.19
46, 489. 33
55, 976. 97
11.014. 38
67,775.05
93, 425.04
57, 959. 31
157,129. 67
187, 083. 03
37,123. 62
12, 936, 450. 00
Total
$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
28, 678, 000. 00
'
'
$925, 783. 87
7, 372. 50
480, 684. 37
250, 635.93
1, 371,187.17
553,610.89
81, 983. 44
1, 395, 073. 55
14,331,523.55
12, 872, 850.74
823, 082. 00
222, 586. 28
600,495. 72
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
.
'.
:
fej
hj
O
O
W
fej
fej
J U N E 30, 1875.
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
I, 789, 250. 00
5, 785, 200. 00
10, 869, 600. 00
I, 789, 250. 00
404,964.72
760, 872. 00
125, 247. 50
54, 745. 72
171,966.33 1
30, 805.86
a.^n 9,18 98
588^905.67
94, 441. 64
18, 444, 050. 00
18,444, 050. 00
1, 291, 083. 50
257, 517. 91
I, 033, 565. 59
81, 200. 00
178, 900. 00
180, 350. 00
6, 050. 00
I, 000. 00
81, 200. 00
178, 900. 00
180, 350. 00
6, 050. 00
I, 000. 00
4, 352.25
9, 943. 50
9, 519. 00
181.50
30.00
1,181. 67
I, 323. 60
3,141. 08
108.97
2L20
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
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 1865
Consols 1865
Consols, 1867 . . . .
..
Total
• .
o
fej
CZ2
J U N E 30, 1878.
Five-twenties of 1862
Five-twenties of June, 1864
Five-twenties of 1865
Consols, 1865
Consols, 1867
Consols, 1868
17, 900. 00
15, 990. 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. 05
78.41
40.92
273.35
134. 76
89.83
773 35
755. 59
88.08
1,142.65
207. 24
420.17
73, 950. 00
73, 950. 00
4,197. 00
809.92
3, 387. 08
2, 650. 00
3,150.00
I. 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
Total
17, 900. 00
15, 900. 00
2,350. 00
23, 600. 00
5, 700. 00
8, 500. 00
18, 500. 00
996. 75
308.77
687.98
J U N E 30, 1879.
Five-twenties of 1862
Five-twenties of June, 1864
Five-twenties of 1865
Consols, 1865
Consols, 1867
Consols, 1868
-
Total
$74,161. 95
I, 376, 085. 04
549,035.18
8,273. 02
662,206. 97
125,558. 26
IOO. 00
IOO. 00
250.00
676, 050. 00
2, 9 n , 161.95
33,440,335.04
13, 346,185.18
210, 823. 02
24, 237, 656. 97
1, 625, 558. 26
4.00
4.00
14. 50
28,168. 75
85,110. 00
1,165, 807. 50
484,747. 50
9, 787. 50
415,162.70
15, 000. 00
.67
.49
5.85
12, 872. 65
47, 540. 20
518,148. 79
213,179. 29
3, 602. 56
130, 349. 36
10,191. 74
3.33
3.51
8.65
15, 296.10
37, 569.80
647, 658. 61
271, 568. 21
6,124. 94
284, 813. 34
4,808. 26
Total
2, 795, 320.42
76,448, 220. 42
2, 203, 806. 45
935, 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
320,17L82
3, 000. 00
50.00
100. 00
7,826, 277. 58
17, 201, 226.11
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
L 106, 474.15
80. 22
.25
1.74
160, 072. 88
200,043.95
83, 330. 51
551.11
263, 342. 94
>
74, 371, 350. 00
I, 061, 248. 78
75,432, 598. 78
2,935,731.65
707, 423. 60
o
129. 78
3.25
5.26
302, 317.12
802, 703. 05
277, 984. 99
2, 033. 39
843,130. 21
2, 228, 308.05
100.00
100.00
250. 00
676, 050. 00
2, 837, 000. 00
32, 064, 250. 00
12, 797,150. 00
202, 550. 00
23, 575, 450. 00
I, 500,000. 00
73, 652, 900. 00
,
fej
X
J U N E 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
GO
O
fej
H^
W-
fej
GQ
d
J U N E 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
Total
- a
<
T A B L E E . — S T A T E M E N T SHOWING T H E P U R C H A S E AND R E D E M P T I O N O F B O N D S ON ACCOUNT OF T H E S I N K I N G F U N D ,
ETC.—Continued.
B a l a n c e of
interest due a t
close of
fiscalyear.
N e t cost
estimated in
gold.
interest due
a t close of fiscal y e a r .
$55, 215, 850.00
2, 637, 850.00
1, 000. 00
2,224, 450. 00
$55, 215, 850. 00
2, 637, 850. 00
I, 000. 00
2, 224,450. 00
$1,368,894. 64
91,70L75
. 23.33
115, 717. 53
$579,493.12
23, 771. 80
2.78
6, 771. 83
$789,401. 50
65, 929. 95
20.55
108,945.70
60,079,150.00
Y e a r ended—
60,079,150.00
1, 576, 337.23
612, 039. 53
964,297.70
P r i n c i p a l redeemed.
P r e m i u m paid.
N e t cost i n
currency.
Accrued
i n t e r e s t paid
i n coin.
J U N E 30, 1882.
L o a n of J u l y a n d A u g u s t , I86I, 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 3i^ n e r c e n t
F u n d e d l o a u ol 1881
Total
J U N E 30, 1883.
Total
100.00
41,300.00
661, 750. 00
34,128,150. 00
10, 019,400. 00
100. 00
41, 300. 00
661, 750. 00
34,128,150. 00
10, 019,400. 00
5.50
1, 716. 66
20,760. 25
1,171,034.37
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
F i v e - t w e n t i e s of 1862
F u n d e d loan 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 3i^ n e r c e n t
F u n d e d loan of 1881 c o n t i n u e d a t 3^ p e r c e n t
44,850,700.00
I, 427, 378. 90
329,761. 48
1, 097,617.42
Total
200. 00
5, 200. 00
422, 550. 00
566, 250.00
33, 221,450. 00
12,553, 950. 00
9.50
187. 08
14, 789. 25
19,818.75
1, 018,176. 97
240,130.13
13. 35
164. 24
2,823.94.
7, 669. 86
276,923. 93
31, 884. 61
3.85
22.84
11, 965. 31
12, 748.89
741,253.04
208, 245. 52
46,769,600.00
1,293, i n . 68
318, 879.93
974, 231. 75
4, 000.00
IOO.00
1,100. 00
52, 250.00
18, 000. 00
230, 500. 00
45,282, 200. 00
4, 000. 00
100. 00
1,100. 00
52, 250. 00
18,000. 00
230, 500. 00
45,282, 200. 00
85.00
4.00
36.67
1, 269. 62
499. 62
5, 347. 70
1,153, 460. 88
701.96
.49
50. 51
588. 85
87. 92
1,416.28
268, 821. 31
616. 96
3.51
13.84
680.77
411.70
3, 931. 42
884, 639. 57
45, 588,150. 00
45,588,150.00
1,160,703.49
271, 667.32
889,036.17
200.00
5, 200. 00
422, 550. 00
566, 250. 00
33,22L450.00
12, 553, 950. 00
46,769, 600. 00
J U N E 30, 1885.
F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of 1864
F n n d e d loan 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 3h n e r c e n t
L o a n of J u l y 12,1882
Total
n
o
w
fel
J U N E 30, 1884.
F i v e - t w e n t i e s of 1882
F u n d e d l o a n of 1881
L o a n of M a r c h 1863 c o n t i n u e d a t Sh 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^ 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 Sh n e r c e n t
L o a n of J u l y 12,1882
...
fej
o
•
fel
l—l
o
fej
GQ
J U N E 30, 1886.
Oregon war debt
Loan of July and August, 1861
Loan of 1863
Five-twenties of 1862
Five-twenties of 1864
Five-twenties of 1865
Ten-forties of 1864
Consols of 1865
Consols of 1867
Consols of 1868
Funded loan of 1881
Loan of 1882
Loan of 1863, continued at 3^ per cent
Loan of July and 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 3^ per cent
Funded loan of 1881, continued at 3^ per cent.
Total
J U N E "30, 1888.
Loan of 1882
Funded loan of 1891
Funded loan of 1907
Total
J U N E 30, 1889.
Oregon war debt
Loan of J u l y and August, 1861
Loan of 1882
Loan of J u l y and August, 1861, continued at 3^ per cent
Loan of 1863, continued at 3^ per cent..'.
. Funded loan of 1891
Funded loan of 1907
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
IOO.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, 2.50. 00
49, 800. 00
44, 044, 800. 00
4,100. 00
96, 750. 00
190, 750. 00
1.50
53.25
31.50
1,425. 00
85.25
6.00
356. 25
419. 25
662. 25
203.25.
826. 50
435, 942.00
123.00
2,848. 50
4, 704.13
44, 531, 350.00
44, 531, 350. 00
447, 687. 64
47, 748,750. 00
1,300.00
3,100. 00
28, 700.00
650.00
8, 000. 00
2, 000. 00
13, 400. 00
18, 200. 00
34, 000. 00
500. 00
1, 500. 00
8, 500. 00
25, 600. 00
47, 894, 200.00
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
I, 500. 00
8, 500. 00
25, 600. 00
47, 894, 200. 00
18.00
99.00
33. 00
14,399.00
3L14
2.02
278. 80
842.29
2, 070. 75
570.04
868. 55
220.617.44
31.32
1,560.76
I, 065. 34
242,487.45
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
205, 200.19
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
. 231,864.88
1,151,'976. 62
35 33
55.97
" 861 00
12 62
86.08
, 60 00
402. 00
1, 055.16
I, 293. 69
240. 25
29.92
237.19
713 16
1,151, 672.95
GO
fej'
1,555, 966.17
1, 296, 049.71
2,852, 015. 88
18,880, 500. 00
21, Oil, 366.17
6,685,299.71
46, 577,165. 88
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
39, 056,150; 00
8, 517,140.30
47, 573, 290. 30
18, 880, 500. 00
19, 455, 400. 00
5, 389, 250. 00
43, 725,150. 00
1, 375, 653. 00
84.17
IIO. 83
I, 722. 00
45.50
560. 00
120. 00
804.00
1, 092. 00
2, 040. 00
30. 00
52.50
297. 50
926. 33
I, 383, 537. 83
fej.
m
fel'
H^
fel
\>
GO
I, 658,170. 00
94,
95,
43,
233,
660. 88
098. 43
817. 79
577.10
L 424, 592.00
69.00
30. 00
1, 709. 25
105. 00
3.50
480,076.12
1, o n , 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
1,493, 360. 87
220, 280. 64
I, 273, 080. 23
660, 630. 00
794, 247. 00
203, 293. 00
X-
o
565,969.12
699,148. 57
159, 475. 21
a
T A B L E E . — S T A T E M E N T S'HOWING T H E P U R C H A S E AND 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 U N D , ETC.—Contmued.
Principal redeemed.
Y e a r ended—
J U N E 30, 1890.
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, 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 loan of 1891
.•
F u n d e d loan of 1907
:
..
P r e m i u m paid.
Net cost in
currency.
'
N e t cost
estimated in
gold.
<
B a l a n c e of
interest due at
close of
fiscal y e a r .
Interest due
a t close of fiscal y e a r .
Accrued
interest paid
in 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
$107.86
18 12
28. 36
467, 934. 69
889,149. 37
$710, 666. 79
7, 536, 058. 37
$4, 050. 00
I, 000. 00
3, 000. 00
12, 847,416.79
35,231,658.37
39 840 400 00
8 94.R 79?^ Ifi-^
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
I, 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, 750. 00
3, 860, 086. 28
47, 861,836. 28
1, 720, 975.74
1, 210, 799. 92
510,175.82
50.00
10,000.00
10, 650. 00
50.00
350. 00
500.00
15, 700. 00
24, 225,800. 00
•ll, 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
L75
1L67
10.79
218. 00
1,085, 419. 69
792. 38
L42
250. 00
93.30
.15
26.76
4.25
53.64
179, 940. 75
41.93
276. 82
1.60
' 15.09
6.54
164.36
905,478:94
750. 45
24, 310,800. 00
Total
$4, 050. 00
1, 000. 00
3,000. 00
12,136,750. 00
27, 695, 600. 00
L o a n of 1882
L o a n of J u l y a n d A u g u s t , 1861
L o a n of 1863
.
. .
F u n d e d l o a n of 1891
F u n d e d loan of 1907
. . .
24,-310, 800. 00
I, 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
I, 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
.
. . .
T 01al
J U N E 30, 1892.
War-bounty scrip
L o a n of I860 . .
Loa,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 u t
L o a n of 186^^, c o n t i n u e d a t 3^ p e r c e n t
F u u d e d loan of 1881
F u n d e d loan of 1881, c o n t i n u e d a t 3^ p e r c e n t
L o a n of 1882.
F u n d e d loan of 1891.
.
.
F u n d e d loan 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.
War-bounty 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, c o n t i n u e d a t 3§ p e r c e n t
Loan 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 c o n t i n u e d a t 3^ p e r c e n t
L o a n of 1882
F u n d e d l o a n of 1891
...
Total
601,175. 00
601,175. 00
19, 569. 32
8, 837. 97
10, 7 3 L 3 5
hj
O
J U N E 30, 1891.
.83
o
fel
a
fel
Loan of
Loan of
Funded
Funded
Loan of
Funded
J U N E 30, 1894.
July and August, 1861
,
July and August. ISGl, continued at 3 | per cent.
loan of I88I
loan of 1881, contiuued at 3 | per cent
1882
loan of 1891
Total
Loan of
Loan of
Funded
Funded
Loanof
Funded
J
IOO. 00
18, 000.00
1, 000. 00
15,400. 00
4,400. 00
176,000.00
214, 900. 00
J U N E 30,1895.
July and August, 1861 '.
1863
loan of 1881
loan of 1881, continued at 3^ per cent
1882
loan of 1891
Total
•
100.00
18,000.00
I, 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
I5L51
134. 75
22 29
L72I 51
3.00
359. 01
6.82
224. 58
50.71
4, 557. 30
214,900.00
7, 505.47
2, 304. 05
5, 201.42
325.50
90.00
163 33
36 46
97.12
3,509.04
321. 00
90.00
454 64
19 99
47.47
1,810. 73
291. 31
16 47
49.65
1, 698. 31
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
119, 550. 00
119,550.00
4.50
4, 221.45
2, 743. 83
I, 477. 62
GQ
O
fel
H
J U N E 30,1896.
Oregon war debt
Loan of July and August, I86I
Loan of 1863
Funded loan of 1881
Loau of July and August, 1861, continued at 3^ per cent
Loan of 1882
Funded loan of 1891
Total
J U N E 30,1897.
Loan of July and August, 1861
Five-twenties of 1862.".
Loan of 1863
'.
Funded loan of 1881
Funded loau of 1881, continued at 3^ per cent
Loan of J u l y and August, I86I, continued at Sh per cent.
Loan of July 12, 1882
T
Funded loan of 1891
Total
,
J U N E 30, 1898.
Loan of July and August, 1861
Funded loan of 1881
Funded loan of 1881, continued at 3^ per cent
Funded loan of 1891
".
Loanof J u l y 12, 1882
Total
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
4L50
2,876. 41
12.00
15. 00
15.00
397. 43
35.00
22.10
1,159. 68
15 00
15.00
3 26
35 00
19.40
1, 716.73
67, 600. 00
67, 600. 00
3,454. 08
1, 656. 21
I, 797. 87
2,400. 00
1, 000. 00
500. 00
500. 00
I, 000. 00
1, 5u0. 00
1,600. 00
237, 400. 00
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
L37
8.75
25. 03
10.49
7,178, 20
6.00
33 26
15.00
15 30
14. 58
18.72
21. . 1
5
6, 247. 96
245, 900.00
16, 266. 91
9,894. 58
6, 372. 33
245, 900. 00
•
IL 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
202. 31
3.14
35, 200. 00
35, 200. 00
2,738. 09
2,172.76
565. 33
300. 00
59.30
.58
o
fej
W
fej
fei
GQ
d
T A B L E E . — S T A T E M E N T SHOWING T H E P U R C H A S E AND 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 U N D , E T C . ^ C o n t i n u e d .
P r i n c i p a l redeemed.
Year eaded—
P r e m i u m paid.
N e t cost
in currency.
N e t cost
estimated in
gold.
Interest due
a t close of fiscal y e a r .
Accrued
interest paid
in coin.
B a l a n c e of
interest due at
close of
fiscal y e a r .
o
X
J U N E 30,1899.
L o a n of J u l y a n d A u g u s t 1861
L o a n of 1863
.'
F u n d e d l o a n of 1881
F u n d e d loan 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
F u n d e d l o a n of 1891
Total
$2,300.00
500. 00
1,100. 00
500. 00
5,100. 00
17, 550. 00
$2,277.00
15. 00
153. 60
2.49
25. 56
700. 21
$15. 00
34.32
17.93
113.94
472.59
27, 050. 00
3, 827. 64
3,173.86
653. 78
o
100. 00
500. 00
300. 00
36, 600. 00
3, 384, 650. 00
14, 310, 350. 00
4, 990, 300. 00
6.00
30. 00
6.25
635. 06
7, 543. 59
429, 074. 50
166, 343. 33
3.39
15.00
4.20
342. 02
3, 934. 61
83,078. 64
14, 636. 72
2.61
15.00
2.05
293. 04
3, 608. 98
345,995. 86
151, 706. 61
O
$1,824,569.40
548, 933. 00
IOO. 00
500.00
300.00
36, 600. 00
3, 384, 650. 00
16,134, 919. 40
5, 539, 233. 00
22, 722, 800. 00
.
$2, 277. 00
30.00
187. 92
20.42
139.50
1,172. 80
27, 050. 00
. . .
$2,300.00
500. 00
1, IOO. 00
500. 00
5, IOO. 00
17,550. 00
2,373,502.40
25, 096, 302. 40
603, 638. 73
102, 014. 58
501,624. 15
861, 993, 921. 61
30,112, 037. 25
8, 372. 858.44
21, 739,178. 81
fel
J U N E 30, 1900.
War bounty
L o a n of J u l y
F u n d e d loan
F u n d e d loan
F u u d e d loan
F u n d e d loan
L o a n of 1904
scrip
a n d A u g u s t 1861
of 1881
of 1891
of 1891 c o n t i n u e d a t 2 pui* c e n t
of 1907
:
Total. ..
Grand total
DR.
'.
837, 872, 275.00
46, 371, 956. 83 $157, 677, 967.61
T A B L E F . — S I N K I N G F U N D ACCOUNT F O R F I S C A L YEAR 1900.
$348, 603, 761. 36
July
1, 1899
J u n e 30,1900
T o 1 p e r c e n t o n t b e p r i n c i p a l of t b e p u b l i c d e b t o n
J u n e 30, 1899, l e s s coin a n d c u r r e n c y c e r t i t i c a t e s ,
T r e a s u r y n o t e s , a n d c a s h a v a i l a b l e for r e d u c t i o n of
t h e d e b t , viz, $1,336,700,703.92
To i n t e r e s t on r e d e m p t i o n p r i o r t o fiscal y e a r 1900
T o i n t e r e s t on $22,727,998.25, a m o u n t of d e b t " p a i d "
d u r i n o" fiscal y e a r 1930
.. . . . .
13, 367, 007. 04
40,070, 751. 35
604, 062.17
402, 645, 581. 92
J u n e 30,1900
B y p r i n c i p a l of b o n d e d d e b t r e d e e m e d i n 1900
By accrued interest thereon
B y f r a c t i o n a l c u r r e n c y a n d n o t e s r e d e e m e d i n 1900
B y a c c r u e d i n t e r e s t t h e r e o n . -.
By national bank notes redeemed
By premium on bonds purchased
B y e x c e s s of p r e s e n t w o r t h o v e r p a r v a l u e of b o n d s
e x c h a n g e d for 2 p e r c e n t c o n s o l s of 1930
Bv balance
CR.
$22, 722, 800.00
102,119. 58
5,198. 25
434.91
669, 503. 00
2, 373, 502.40
30, 773, 552.41
345, 998, 471.37
, 402, 645, 581. 92
izl
H
W
fel
fej
Ml
M
a
fej
SECRETARY OF T H E
TREASURY.
CXI
T A B L E G . — P O P U L A T I O N , N E T R E V E N U E , AND N E T E X P E N D I T U R E S OF THE
GOVERN-
MENT FROM 1837 TO 1900, AND P E R CAPITA OF THE R E V E N U E S AND P E R CAPITA
OF
EXPENDITURES.
Year.
1837
1838.
1839
1840
I84I
1842.:
1843 (sixmouths).
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864
1865
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.
18961897.
1898.
1899.
1900.
Population.
15, 655, 000
16,112, 000
16,584, 000
17,069,453
17, 591, 000
18,132,000
18, 694, 000
19, 276, 000
19, 878, 000
20, 500,000
21,143,000
21,805, 000
22,489, 000
23,191, 876
23, 995, 000
24, 802, 000
25,615, 000
26, 433, 000
27, 256, 000
28, 083, 000
28, 916, 000
29,753, 000
30, 596, 000
3 L 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, 844, 000
65, 086, 000
66, 349, 000
67, 632, 000
68,934, 000
70, 254, 000
71, 592, 000
72, 947, 000
74, 318, 000
76,295,220
Net revenue.
$24,954, 153. 00
26. 302,562.00
31, 482,750. 00
115. 00
• 19, 480,
16, 860,160. 00
19, 976,197. 00
8, 302,702. 00
29, 321,374.00
29, 970,106. 00
29, 699,968.00
26, 495,769.00
35,735, 779.00
31, 208,143.00
43, 603,439. 00
52, 559,304. 00
49, 846,816. 00
01, 587,054.00
73, 800,341. 00
65, 350,575. 00
699.00
. 74, 056,
68, 965,313. 00
366. 00
46, 655,
53,486, 466. 00
56, 064,608. 00
41, 509,930.00
51, 987,455. 00
112, 697,291. 00
264, 626,772.00
333,714, 605. 00
558, 032,620. 00
490, 634,010. 00
083.00
405, 038,747. 00
370, 943,478.00
411, 255,945.00
383,323, 868. 00
374,106, 205.00
333, 738,755.00
304, 978,051. 00
288, 000,865. 00
294, 095,419.00
281, 406,879. 00
257, 763,184. 00
273, 827,611.00
333, 526,293.00
360, 782,250. 00
403, 525,582. 00
398, 287,870. 00
348,519, 706.00
323, 690,727.00
336,439, 277.00
371, 403,075.00
379, 266,059.00
387, 050,982.00
403, 080,447.31
392,612, 784.24
354, 937,628. 78
385, 819,019. 25
297, 722,075.11
313, 390,200. 38
326, 976,705.16
347, 721,335.20
405, 321,620.18
515, 960,851. 89
567, 240,
P e r capi t a ou
revenue.
$1.59
L63
1.90
1.14
.96
LIO
.89
L62
L51
L45
L25
1.64
1.39
L88
2.19
"2.01
2.40
2.79
2.40
2.64
2.38
L57
1.75
L78
L29
L.59
3.38
7.77
9.60
15. 73
13.55
10.97
9.82
10.67
9.69
9.22
8.01
7.13
6.55
6.52
6.07
5.42
5.60
6.65
7.00
7.68
7.41
6.36
5.76
5.86
6.33
6.32
0.31
6.43
6.14
5.45
5.81
4.40
4.54
4.65
4.85
5.55
6.94
7.43
Net expenses.
$37, 243, 496.00
33, 865, 059.00
26, 899, 128.00
24, 317, 579.00
26, 565, 873.00
25, 205, 761. 00
I I , 858, 075. 00
22, 337, 571. 00
22,937, 408.00
27, 766, 925.00
57, 281, 412. 00
45,377, 225. 00
45, 051, 657.00
39, 543, 492. 00
47, 709, 017.00
44,194, 919.00
48.184, lU.OO
58, 044, 862. 00
59, 742, 668. 00
69, 571, 026. 00
67,795, 708.00
74.185, 270. 0069, 070, 977.00
63,130, 598. 00
66, 546, 645. 00
474, 761, 819.00
714, 740, 725.00
865. 322, 614.00
1, 297, 555, 224.00
520, 809, 417.00
357, 542, 675.00
377, 340, 285.00
322, 865, 278.00
309, 653, 561. 00
292,177, 188. 00
277, 517, 963. 00
290, 345, 245.00
302, 633, 873.00
274,623, 393.00
265,101, 085.00
241,334, 475. 0(J
236, 964, 327. 00
166, 947, 884. 00
267, 642, 958.00
260, 712, 888. 00
257,981, 440.00
265, 408, 138. 00
244,126, 244.00
260, 226, 935. 00
242, 483, 138. 00
267, 932, 179.00
a 267. 924, 801.00
6 299, 288, 978.00
c 318, 040. 710.00
d 365, 773, 905.35
345,023, 330.58
383, 477, 954.49
367, 525, 279.83
356,195, 298.29
352.179, 446.08
365,774, 159.57
443, 368, 582. 80
605, 072, 179. 85
487,713, 791. 71
[Percapita
on
expenditures.
$2.38
2.10
L62
L42
L5I
L39
1.27
LI6
L15
1.35
2.71
2.08
2.00
L71
1.99
L78
L88
2.20
2.19
2.48
2.34
2.49
2.26
2. 01
2.08
14.52
21.42
25.42
37.34
14.68
9.87
10.21
8.55
8.03
7.39
6.84
6.97
7.07
6.25
5.87
5.21
4.98
5.46
5.34
5.08
4.91
4.94
4.44
4.63
4.22
4.56
4.46
4.88
5.07
5.73
5.30
5.78
5.43
5.16
.5.01
5.11
6.07
8.14
6.39
a T h i s i n c l u d e s $8,270,842.46 of " p r e m i u m s on p u r c h a s e of b o n d s . "
b T h i s i n c l u d e s $17,292,362.65 of " p r e m i u m s ori p u r c h a s e of b o n d s . "
c T h i s i n c l u d e s $20,304,224.06 of " p r e m i u m s on p u r c h a s e of b o n d s . "
d T h i s i n c l u d e s $10,401,220.61 of " p r e m i u m s on p u r c h a s e of b o n d s . "
N O T E . — T h e n e t r e v e n u e a n d e x p e n s e s a n d p e r c a p i t a on r e v e n u e s for 1891 w e r e e r r o n e o u s l y s t a t e d
b y t h e R e g i s t e r of t h e T r e a s u r y i n h i s r e p o r t s for 1891,1892, a u d 1893. (iSee F i n a n c e R e p o r t s for t h o s e
years, p p . 845,767, a n d 906.)
CXII
TABLE
REPORT ON THE
H . — I N T E R N A L AND
FINANCES.
CUSTOMS R E V E N U E AND
EXPENSES
OF
COLLECTING,
FROM 1858 TO 1900.
Year ended
J u n e 30—
1858
1859
1860
1861
1862
1863
1864
1865
1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882.
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894.
1895
1896
1897
1898.
1899
1900
Internal revrnue.
Eevenue. a
Dollars.
id)
id)
(d)
(d)
(d)
Sl, 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, 010.58
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, ]6r. 51
295, 327, 926. 76
Customs revenue.
E x p e n s e s of collecting. 6
Revenue, a
Dollars.
id)
id)
id)
id)
id)
Per cent.
DoUars.
41, 789, 620. 96
id)
49,565, 824. 38
id)
53,187, 511. 87
id)
39, 582,125. 64
id)
49, 056, 397. 62
id,)
108, 685.00
.29 69, 059, 642. 40
253, 372. 99
.23 102, 316,152. 99
385, 239. 52
.18 84, 928, 260. 00
5, 783,128. 77
L87 179, 040, 651. 58
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
2.77
4.55
4.59
3.92
5.30
4.36
4.60
4.40
3.89
3.38
2.99
2.96
3.10
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
1.59
L51
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, 530. 62
152,158,617.45
160,021,751.67
176, 554,126. 65
149, 575, 062. 35
206,128, 481.75
233,164,871.16
E x p e n s e s of collecting, c
DoUars.
2,903, 336.89
3, 407, 931.77
3, 337,188.15
2, 843, 455.84
3, 276, 560. 39
3,181, 026.17
4,192, 582.43
5,415, 449.32
5, 342,469. 99
5,763, 979. 01
7, 641,116. 68
5, 388, 082. 31
6, 233, 747. 68
6, 568, 350. 61
6, 950,173. 88
7, 077, 864.70
7, 321,469. 94
7, 028,521. 80
6, 704, 858. 09
6,501, 037. 57
5, 826, 974. 32
5,477,421. 52
6, 023, 253. 53
6, 383, 288.10
6, 506, 359.26
6, 593, 509:43
6, 709, 485. 76
6,494, 847. 29
6,427, 612. 67
6,855,801.74
7,156,187.77
7, 030, 487. 00
6, 859, 986.09
6, 964, 367. 09
6, 646, 276. 05
6.756, 790. 98
6, 791, 872. 86
6, 736, 690. 92
7, 237,796. 40
7, 075, 372. 05
7,152, 276. 58
7, 361, 562. 83
7,467, 692.48
P e r cent.
6.94
6.85
6.27
7.18
6.67
4.60
4.09
6.39
2.98
3.26
4.65
2.99
3.20
3.18
3.21
3.76
4.49
4.47
4.53
4.96
4.47
3.96
3.23
3.22
2.95
3.07
3.44
3.58
3.33
3.16
3.27
3.14
2.98
3.17
3.74
3.32
5:15
4.43
4.52
4.01
4.78
3.57
3.06
a B a s e d on Avarrants i s s u e d .
,^
6 T h e c o s t of collectiug t h e i n t e r n a l r e v e n u e e m b r a c e s t h e f o l l o w i n g i t e r a s : Salaries a n d e x p e n s e s of
collectors, i n c l u d i n g p a y of d e p u t y collectors, c l e r k s , etc., a n d i n c l u d i u g e x p e n s e s i n c i d e n t t o e n f o r c i n g
t h e p r o v i s i o n s of l a w t a x i n g o l e o m a r g a r i n e ; s a l a r i e s a n d e x p e n s e s of r e v e n u e a g e n t s , s u r v e y o r s of
d i s t i l l e r i e s , g a u g e r s , s t o r e k e e p e r s , a n d m i s c e l l a n e o u s e x p e n s e s ; p a p e r for i n t e r n a l - r e v e n u e s t a m p s ,
a n d e x p e n s e s of d e t e c t i n g a n d p u n i s h i n g v i o l a t i o n s of i n t e r n a l - r e v e n u e l a w s .
' c T h e e x p e n s e s of collecting t h e r e v e n u e from c u s t o m s i n c l u d e s a l l ' s u m s d r a w n from t h e a p p r o p r i a tion m a d e b y C o n g r e s s for t h a t p u r p o s e . T h e m o n e y is e x p e n d e d for salaries, r e n t s , labor i n Aveighing,
g a u g i n g , a n d m e a s u r i n g i m p o r t e d m e r c h a n d i s e , r e v e n u e boatmen, r e p a i r s , a u d otlier e x p e n s e s i n c i d e n t
t o r e n t e d b u i l d i n g s , s t a t i o n e r y , a u d t h e t r a v e l i n g e x p e u s e s of s p e c i a l a g e n t s , b u t does n o t i n c l u d e
e x p e n d i t u r e s for r e v e u u e c u t t e r s , fuel, l i g b t s , waiter, f u r n i t u r e , j a n i t o r s , e t c . , for b u i l d i u g s o w n e d b y
t h e G o v e r u m e n t . n o r e x p e n d i t u r e s for e r e c t i n g n e w b u i l d i n g s , all of Avbich a r e p a i d for n-om specific
a p p r o p r i a t i o n s raade for t b o s e purjioses.
T h e e x p e n s e s of collecting i u t e r n a l a n d c u s t o m s r e v e n u e do n o t i n c l u d e t h e e x p e n d i t u r e s for s a l a r i e s ,
etc., i n c i d e n t to a u d i t i n g t h e s e a c c o u n t s i n t h e D e p a r t m e n t s a t W a s h i n g t o n .
d No data.
T A B L E I . — S T A T E M E N T SHOWING T H E R E V E N U E S AND E X P E N D I T U R E S O F T H E G O V E R N M E N T B Y M O N T H S ; T H E L E G A L - T E N D E R N O T E S , N E T
G O L D , AND A V A I L A B L E C A S H I N T H E T R E A S U R Y AT T H E E N D OF EACH M O N T H ; T H E M O N T H L Y R E D E M P T I O N OF L E G A L - T E N D E R N O T E S
I N G O L D , AND T H E I M P O R T S AND E X P O R T S OF GOLD, FROM J A N U A R Y , 1879, TO J U N E , 1900, INCLUSIVE.
Expendit u r e s , excluRevenues,
i
po
e x c l u s i v e of s pv enofi p a ls t a l ,
ri c
of
postal.
debt, a n d
premium.
CD
O
O
1879—January
February
March
April
May
June
T o t a l for 6 m o n t h s . .
Jtily
August
September
October
November
December
1880—January
February
March
April
May
June
Surplus
revenues.
$20, 757,406
19, 344,163
20, 750, 080
19, 786, 565
27, 232, 288
25, 562, 892
$32, 478, 888 a $ l l , 7 2 L 4 8 2
1,449,139
17, 895, 024
a 760, 803
21, 510,883
I, 744, 283
18,042, 282
537, 924
26,694, 264
5,531,910
20,030, 982
137, 368, 329
134, 058, 342
25,723,768
26, 883,496
26, 521, 394
27,171, 283
24,861,029
24, 628, 968
29, 827, 580
27, 809, 648
30, 326, 695
30,103, 369
29, 000,1.01
27, 621, 089
Legal-ten der
Available
Legal-tender
N e t gold
notes
cash balance,
notes
in Treasury;
redeemed
including
in Treasury.
i n gold.
n e t gold.
$30, 579, 531 $116, 674, 227 $336,449, 861
44,494, 973 116,886,279
428, 961, 460
50, 684, 669 117,162,166
405,411,570
39, 539, 823 118,809,680
432, 746, 833
51,670,442
121, 300,140
475,663,096
45, 036, 904 119, 956,655
379, 542, 919
7, 976,1
3, 309, 987
45,029, 627 a 19, 305, 859
25, 504, 087
1,379,409
23,194, 771
3, 326, 623
19,984, 917
7,186, 366
23,920, 051
940, 978
16. 354, 599
8, 274, 369
28,152, 650
I, 674, 930
20,045,821
7, 763, 827
17, 006, 255
13, 320, 440
II, 770,186
18, 333,183
14, 617, 876
14, 382, 225
6, 309, 564
21,311,525
T o t a l for 12 m o n t h s .
333,526, 611
264,847,637
34, 521, 013
32, 864, 049
30,101, 835
28, 095, 209
25, 612, 967
28, 006, 721
29, 055, 013
27,539,571
29, 494, 308
30, 807, 779
31, 881, 650
30, 265, 206
360, 782, 293
35, 532,121
23,487, 616
18, 386, 706
21,995, 004
21, 924, 410
19, 657, 441
28,037, 306
16,756, 475
20, 558, 547
21, 546, 376
21, 692, 639
14, 291, 767
259,651,639
a 1, Oil, 108
9, 376, 433
II, 715,129
6,100, 205
3, 688, 557
8, 349, 280
1, 017, 707
10, 783, 096
8,935, 761
9, 261,403
10,189, Oil
15, 973,439
101,130, 654
$274,707
137,386
188,500
170, 894
185, 225
143, 338
E x p o r t s of
gold.
115,
76,
426,
350,
., 441,
513
985
310
003
060
120,320,583
126, 537, 690
154, 763, 795
157,140,114
147,247, 977
146,194,182
143, 340, 027
136, 995,458
135,766,551
130, 726, 640
120, 699,196
118,181, 527
245, 608, 019
212,035,932
202,957,575
203,411,712
193,147,767
192, 297,126
190, 203, 772
188, 960, 589
193, 084, 807
191,789, 673
193,998,696
188, 670, 884
19, 024,124
20,444, 849
17, 263, 613
13,793, 993
II, 124, 937
8, 761, 818
10, 551, 616
14, 566, 601
14, 773,198
14, 672,086
16, 062, 305
18, 554, 092
a E x c e s s of e x p e n d i t u r e s .
115, 274, 646
120,018,180
127, 764, 733
133, 278, 253
143, 981,139
150, 213, 716
148, 052, 809
166, 808, 853
167,639, 263
164, 358, 554
157,893, 879
157,412,141
186,190, 329
189, 613,598
186, 802,191
181, 042,437
180,921,571
184, 354, 528
180, 848, 303
208, 099, 302
205,791, 774
204,622, 204
204,144, 327
213, 635, 823
1,100, 050
2, 755, 967
954, 800
981, 400
603, 485
740, 295
77, 499
122, 359
71, 500
72, 080
43, 020
16, 000
51, 000
47,200
251,381
6, 723, 313
27,528, 082
19,178, 631
17,423, 834
6, 562, 650
795, 568
464,473
892,180
. 166,432
123, 580
648, 272
349, 779
350, 664
132,443
285. 826
105, 999
134,768
226, 205
149,612
,166,679
89,192
106, 497
541, 361
3, 780, 638
23, 541, 466
36, 222. 606
18, 933,254
17, 327, 567
16,388,454
12, 570,494
II,614,562
15, 054, 093
15, 760, 081
17, 489, 280
18,183, 020
18,785, 559
68, 678, 974
July...
August
September.
October
November
December
1881—January
February
March..'
.,
April
.'
May
June
T o t a l for 12 m o n t h s
$1,571,725
909, 249
952,766
699, 773
1,339, 883
2,503,302
I m p o r t s of
gold.
80, 758, 396
3, 639,025
25, 000
22, 000
150,000
9,000
12, 000
25,000
15,000
13, 750
244, 330
9,145, 390
18, 846, 998
16, 256, 058
9, 555, 391
16, 506, 026
4, 739, 902
577,478
7,169, 774
15,351, 980
1,315,777
322,155
100, 031, 259
61, 886
90, 909
80, 914
169, 871
220, 759
158, 574
30, 415
271,379
160, 786
88, 593
614,498
616,548
2,565,132
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TABLE I.—STATEMENT
Expendit u r e s , excluR e v e n u e s , |sive of postal,
e x c l u s i v e of p r i n c i p a l of
postal.
debt, a n d
premium.
Month.
1881—July
August
September
October
November
December
1882—January
February
March
April
May
June
...
T o t a l for 12 m o n t h s
July
August
September
October
November
December
1883—Januarj^
February
March
April
May
June
,
T o t a l for 12 m o n t h s
July
August
September
October
November
Deceraber
"1884—January
February
March.."^
o
X
SHOWING T H E R E V E N U E S AND E X P E N D I T U R E S O F T H E GOVERNMENT B Y M O N T H S , ETC.—Continued.
Surplus
revenues.
$33, 896, 016
37,537,864
34,125, 621
35, 910, 843
28, 703, 605
30, 695, 316
33,150,162
30,916, 324
33,815, 909
34, 468, 580
36,128, 081
31, 786,789
$34, 471, 542
25,135, 462
16,421,052
23, 260, 892
20,051, 328
16, 296, 797
24, 370, 271
22, 073, 826
14,871,444
21, 245, 558
27,157,422
16, 459, 073
a$575, 526
12, 402, 402
17. 704, 569
12, 649, 951
8, 652, 277
14, 398, 519
8, 779, 891
8, 842,498
18, 944,465
13, 223, 022
8, 970,659
15, 327, 716
403, 525,250
257, 981, 440
Legal-tender
Available
Legal-tender
notes
N e t gold
cash balance,
notes
in T r e a s u r v .
redeemed
iucluding
in T r e a s u r y .
in gold.
n e t gold.
29,417,846
29, 668, 245
21, 488,119
20, 977, 505
24, 596, 228
16,554, 913
22, 217, 007
24, 663, 250
24, 291, 289
26,790,120
27, 258,533
16, 012, 334
6,920,880.
10,194, 374
15, 359, 468
11,184,878
5, 603, 424
13, 861, 665
9, 828, 459
3, 898, 927
8,014, 946
a 025, 609
4,181, 061
18,361, 632
398, 287, 582
265,408,138
37, 609, 830
26,175, 668
14,427, 989
21,976,111
25,598,046
12, 055, 437
19, 950, 931
25, 306, 612
12,146, 297
a 5,609, 017
5,012, 534
15,715,712
9, 061,158
711, 696
12, 974, 842
7,869,214
2, 099, 401
15, 924, 442
22,749, 590
24, 068, 941
21,408,158
19,854, 196
20,756, 392
18, 879, 395
2L 162, 237
21, 614, 817
20,413, 561
20,919, 623
21, 681, 825
23, 438, 839
140, 062, 590
144, 311, 881
147,831, 667
148,435, 473
144, 809, 314
131, 989, 758
125, 648,195
135,107,161
141, 308, 204
139, 439, 242
133,718,103
138, 271,198
24, 747, 646
25, 736, 766
25, 324, 420
24, 508, 037
25, 509, 644
25,164,249
25, 321,189
27,683,632
30,949,652
142, 705, 435
149, 625. 435
151,115,603
157,353,760
157, 235, 708
155, 429, 599
144, 350,736
144,038, 203
142,259,357
201,122, 999
199, 090,167
203,175, 412
204, 491, 640
198,122,405
198,698,241
204,184. 200
199,102, 212
206, 510, 463
$40, 000
194,192,970
195,469, 614
198, 541,173
203, 642, 301
207, 509, 753
204,969, 309
200, 045, 520
186, 218, 388
191, 553, 558
185, 555, 568
180,529, 237
197,177,342
$750, 852
5, 427,196
10, 660, 641
8,295,490
3,059,202
2,728,173
1,134,040
468,825
839, 566
551,301
204, 626
257,142
$112,361
178,648
148,166
176, 941
97,124
108,084
102, 219
7,231,393
3, 228,840
2,342,449
13, 289, 404
5, 572, 251
32,: 587, 880
162, 202
424,878
1,135, 799
3, 835, 410
2,241,787
2,146, 952
1,309,639
291,011
3, 244, 859
2, 311, 351
232, 015
398, 246
75, 000
132, 879, 444
32, 000, 813
31,188,202
30,143, 701
31, 037, 269
26, 309,742
25, 030, 279
27, 820,145
27, 406, 013
28, 070, 739
E x p o r t s of
gold.
34,377,054
$19, 099, 910 $149,163, 355 $201, 544, 433
199, 900,146
19,870,869
164, 098, 402
204,520, 280
19,025,132
169,122, 025
191, 888,136
18, 206, 769 167, 785, 609
17, 411, 078 173,025,684
193, 806, 619
199, 614, 433
16, 452, 800 167, 429, 348
190, 533, 247
17, 384, 394 159, 972, 569
18, 256, 850 168, 585, 554 197,166, 334
17,446, 415 161,290, 437 198,137,431
149, 997, 982 194, 050, 480
17,637,824
19, 873, 690 148, 932. 626 191,861,776
143, 477, 370 195,892,419
21,425,589
145, 543, 810
36, 338, 726
39,862, 619
36,847,587
32,162, 383
30,199, 652
30, 416, 578
32,045,466
28, 562,177
32, 306, 235
26,164, 511
31,439, 594
34, 373, 966
I m p o r t s of
gold.
380,000
17, 734,149
429, 754
1, 977, 354
2, 233, 272
4, 261,430
4, 363, 818
1, 003, 212
525, 413
422, 304
903,201
4, 754, 422
1,637,212
229,849
104, 616
52, 725
175, 699
34,000
745, 715
. 284,180
2, 050, 215
935,106
597,149
11, 600, 888
IOO,870
132,323
196,345
132, 530
403, 368
436, 969
153, 766
3,411,1.57
12, 224,135
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27, 309, 812 • 23,938,337
30, 371, 894
19, 771,318
20,932, 088
16,116,114
4P'U
May
June
348, 519, 870
Total for 12 months
July
August
September
October
November
December
1885—January
February
March
April..
May
June
Total for 12 raonths
July,
August
September
October
NoA'-eraber
December
1886—January
February
March
April
.May
1
June
Total for 12 months
July
August
Septeraber
October
NoA^ember
Deceraber
1887—January
February
March
April
May
June
3, 371, 475
10, 600, 570
10,815, 974
•.
Total for 12 raonths..
244,126, 244
33,669,398
27, 694, 326
17,173,912
23, 345, 061
21, 374, 428
21, 856, 261
21,160, 424
19, 222, 957
24,844, 630
26, 684, 586
23, 597, 525
15, 255, 658
a4, 395, 404
3, 672,183
12, 055, 207
2, 844, 367
861, 140
978,784
4, 711, 705
4, 870, 442
1,466,105
a 620,659
5,111.611
II, 901, 358
323, 690, 706
260, 226, 935
63,463,771
26,767, 293
28, 064, 261
29, 971,026
28, 872, 905
25, 381,164
25, 757, 702
24, 737, 858
25, 971, 994
30,076,168
26, 871, 590
27, 751, 724
32,510,620
33, 683, 234
23, 792, 525
16, 013, 054
21,533,673
23, 584, 936
15,032,713
22, 753,131
22, 205, 315
13, 981, 676
21, 052, 775
17, 356, 327
21,690,993
a6, 915, 941
4, 271, 736
13, 957, 972
7, 339, 232
1, 796, 228
10, 724, 989
I, 984, 727
3, 766, 679
16, 094,492
5, 818, 815
10, 395, 397
10, 819, 627
336, 439, 727
242, 483,138
206, 087, 499
200, 985, 324
200, 764, 698
104, 393, 626
29, 273, 994
31, 366, 509
29, 229,119
26,189,428
22, 235, 568
22, 835, 045
25, 872,129
24, 093, 399
26, 310, 735
26,063,927
28,709,136
. 27,157,016
139, 624, 821
142, 206, 908
133, 729, 954
29,636,971
32, 195, 326
31, 686, 702
29, 538, 498
27,576,103
28, 622, 815
28, 395, 921
29, 773, 87833, 358,165
30, 076, 657
33, 834, 282
33, 070, 985
29, 562, 990
26, 573, 554
20, 894, 873
16.172,172
9,625,683
11, 739, 575
13, 873, 469
18, 726,822.
20, 473, 288
21,465,690
23, 492,109
15, 462, 379
193, 111,148
195,657,070
204, 247, 262
203, 537, 189
194, 624,455
192,198,215
194,554, 277
199, 744,172
199, 386,144
200, 536, 203
205, 713, 201
217,198, 975
233, 960
3,286,459
11,103, 510
6, 063, 537
I, 918, 394
10,139,100
5, Oil, 019
4, 288, 757
II, 730, 794
9,846,954
11, 424, 933
18, 111, 097
267, 932,180
22, 831, 317
41, 081,957
100, 000
120,000
460, 000
215, 000
995,000
332,000
2, 283,103
2, 758, 300
1, 477, 672.
2,451, 402
8,192,904
2, 231,799
2, 074, 923
I, 887, 965
1, 756, 597
782, 533
564, 735
229, 763
159, 106
175, 619
77, 350
192, 533
443,529
220, 557
1, 446, 326
1, 635, 828
833, 082
• 1,157,995
I, 393, 975
741, 992
8, 477, 892
215, 350, 735
219, 646, 977
233, 206, 722
243, 565,741
245, 769,440
257,887,815
265, 217, 967
265, 914,243
275, 765, 409
278, 349, 307
28L911,856
287, 513, 959
103, 471. 098
21, 939,142
35, 579, 647
36,519, 081
30, 967, 305
29, 548,188
23,169, 326
24, 283,682
25, 689, 202
21,159, 938
20, 225, 474
21, 767, 376
20, 013, 797
a Excess of expenditures.
158, 933, 205
157, 732, 289
157, 917, 211
158, 537,179
163, 930, 220
170,912,414
168, 475, 361
175,130, 262
181, 939, 848
180, 902. 431
186,667,774
186, 875, 669
283,393,146
281, 514, 029
279. 844, 031
278, 970, 868
274,182, 628
279, 521,562
281,584,675
279, 779,423
282, 878,549
286,028,531
291,144, 324
304, 316, 868
464, 500
105, 200
91, 900
^ 48,300
85, 300
130, 200
63,500
126, 200
647, 800
514, 600
1, 754,100
2, 832, 099
588, 412
733, 907
2, 986,116
I, 323, 811
5, 096, 358
5,620,191
I, 705, 841
986, 384
840, 337
350, 751
248, 550
262, 691
6, 863, 699
16, 998, 997 126, 078, 596
24,793,656
126, 371, 928
27, 944, 332 133,113, 324
27, 550, 341 142, 338, 589
25, 735, 643 146,391,486
27, 941, 200 147, 991, 809
33, 300,389 136, 086, 610
32, 277, 29'2 144,164, 038
30, 289, 485 151, 379, 525
26, 088, 774 155,865, 308
26, 289, 098 156, 304, 709
22, 868, 317 156,793,749
93,-956,589
29,403, o n
28,908, 867
20, 583,192
23,474, 961
25, 657, 709
18, 483, 715
23,384,902
25,485,121
21, 627, 371
20, 229, 703
22, 409, 349
14, 959, 888
21, 047, 525
2,711,864
131,105
30,000
2, 222, 000 • 26,691,696
•
371, 463, 2^8
119, 048, 061
122, 465, 717
130, 514, 382
134, 670, 790
138, 015, 071
141, 688, 432
125,187,595
127, 346, 553
125, 793, 257
117, 927, 395
115,810,533
120, 298, 895
180,000
3, 010, 429
1, 626, 531
2, 074, 599
590, 000
30, 845, 833
27, 701, 841
27,993,802
20, 743, 349
I, 296, 339
1,446, 269
239, 200
173, 200
146, 000
110, 200
104, 600
125, 640
174,250
142, 230
. 175,825
90, 320
582, 052
4, 958, 557
4, 994, 609,
5, 412, 995
9,310,607
11, 655, 807
3, 535, 928
143, 611
577, 965
329, 278
903,939
505, 253
1,175, 311
130,765
308, 360
264,012
355, 245
305, 347
628, 993
1, 677, 397
2,444. 926
I, 494, 246
296,269
620, 316
42, 910, 601
9,701,187
4, 224, 073
1, 329, 570
359, 317
151, 568
139,120
438,460
I,789,974
2, 581, 674
5, 654, 309
9, 920, 761
4, 812, 256
7,395,039
8, 380,143
42, 952,191
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TABLE
L - - S T A T E M E N T S H O W I N G T H E R E V E N U E S AND E X P E N D I T U R E S OF T H E G O V E R N M E N T BY M O N T H S , E T C 0
Expendit u r e s , excluR e v e n u e s , s i v e of p o s t a l
e x c l u s i v e of p r i n c i p a l of
postal.
debt, and
premium.
Month.
1887—July
August
September
October
. November
December
1888—January
February
.March
April
!»
May
June
$30, 814,872
35, 619,116
33, 859, 806
31, 803,172
29,128, 568
29, 059, 804
30, 773,207
31,151, 931
28, 867, 873
29, 851, 790
32, 918, 202
32, 490, 777
,
T o t a l for 12 m o n t h s
July
August
September
October
November
December
1889—January
February
March
April
May
June
Surplus
revenues.
'.
T o t a l for 12 m o n t h s
July
August...
September
October
November
December
1890—January
February
March
$35,136, 924
28, 252, 786
17, 027, 786
19,711,467
28. 375, 989
12, 980, 554
21, 866,896
19, 898.468
16, 621, 207
24,418, 972
25, 076, 375
15, 212, 079
379, 266,075
Legal-tender
Available
Legal-tender
N e t gold
cash balance,
notes
notes
in T r e a s u r y .
including
redeemed
in Treasury.
n e t gold.
i n gold.
259, 653, 959 119, 612,116
31, 204, 898
34, 623,181
31, 698,174
31,966, 204
28, 590,107
30,160,263
34,077, 696
30,133,160
31, 013, 991
31, 458, 799
35, 773,199
32,757, 908
35, 983, 765
22, 812, 916
14, 824, 580
28,091,756
35,553, 665
14, 964, 389
25, 902. 351
32, 933, 380
16, 773, 339
20,576, 029
23, 978, 333
13, 527,113
a$4,322,052
$19, 633,740 $186,306, 330
7, 366, 330
2L 157, 539 193,274,194
16, 832, 020
17, 610, 212 192, 717, 947
12,091,705
15, 261, 087 202, 859, 832
752, 579
16, 318,220 211, 880, 526
16, 079, 250
15, 424, 425 208,608,130
8, 906, 311 18, 015, 469 202, 955,184
11,253,463
22, 267, 087 212.869, 914
12,246,666
24,170, 623 218, 818, 253
5, 432, 818 28, 491, 614 213, 239, 994
33, 928, 200 200, 301,129
7, 841,827
193, 866, 247
17, 278, 698 37,983,204
a4, 778, 867
11, 810, 265
16, 873, 594
3, 874, 448
a6, 963, 558
15,195, 874
8,175, 345
a 2, 800, 220
14, 240, 652
10, 882, 770
11, 794, 866
19, 230, 795
$291, 986,110
290, 746, 562
289, 063,662
296, 071, 378
295, 527,449
312,105,882
321, 585, 692
329, 595, 323
341,167, 639
341, 408,408
327, 846,974
335, 627, 012
194, 592, 280
206, 383, 036
197,713,116
191, 074, 575
199, 339,134
203, 885. 219
194, 655, 264
196, 245, 980
197, 874, 422
191, 589,112
192, 252, 715
186, 711, 560
331, 612, 468
333, 528, 534
321, 637,944
295, 388,421
274, 748, 209
283, 955, 835
281, 795, 807
266, 404,441
273, 679, 979
272, 025, 039
275,109, 610
287,531,010
30, 364, 366
32, 325, 935
21,170, 258
17, 303, 501
14, 819, 022
6, 673, 925
7, 600, 224
9, 593, 865
0,919,657
182,218,164
180,654, 670
189,196, 423
187, 572, 386
187, 406, 672
190, 833, 052
177, 386, 285
187, 988, 948
185,287,715
274,000,688
251, 773, 370
254, 206, 227
248, 512,435
242, 633, 405
233, 524,103
228, 835, 040
229, 309, 201
228, 689, 876
41, 700, 438
34, 530,859
14.190, 018
26, 307, 260
23,169, 459
23.191, 021
25, 772, 455
24.103, 794
15,540,141
a 9, 814,238
a 59,954
17, 226, 273
6,185, 348
7,547,508
6, 404, 483
8, 888, 703
6, 762, 424
19, 238, 040
$115,700
149, 820
135,160
43, 790
46, 390
36, 220
19, 250
30, 924
14,021
38, 950
49,371
13, 000
$2,177, 752
5, 978, 776
14, 089, 274
12, 889, 682
1, 952, 593
1,805, 248
395, 471
1, 014, 068
2, 270, 840
748,164
319, 279
293,170
43,934, 317
78, 990
69, 363
22,433
57, 071
30,226
51, 582
31,350
16, 407
19, 240
14,800
139, 369
199, 312
347,046
207,843
1, 275, 356
1,222,189
1, 960, 847
906, 500
649, 006
817,400
680, 359
805,753
753,894
658, 665
730,143
387, 050, 059 281, 996, 616 105, 053, 443
31, 886, 200
34, 4^0, 905
31, 416, 291
32, 492, 608
30,716, 967
29, 595, 504
34, 661,158
30, 866, 218
34, 778,181
I r a p o r t s of
gold.
692, 596
39, 825,740
41, 580, 393
40, 628, 963
36,813,320
35, 202, 956
30, 875, 860
29, 446,498
29,300,511
25, 051, 231
23, 770,137
27,790, 387
29, 601, 085
o
X
-Continued.
10, 284, 858
79, 936
16, 475
12,124
370, 028
18, 698
41, 809
III, 295
10, 893
9,513
856, 332
497,927
2, 409, 691
796, 988
I, 773, 767
1,304,850
1,059, 837
1, 476,433
I, 622, 432
E x p o r t s of
gold.
$495,776
241, 961
175, 917
312, 503
390,136
365, 986
624, 290
1, 667, 018
2,113, 510
958, 087
7, 876, 774
3,154, 276
18, 376,234
3.829,852
191,130
323, 425
686, 472
5,376,262
7,725, 351
1,197, 080
1,478, 208
4, 392, 584
3,176, 014
13,445,033
18,130, 874
59,952,285
5,281, 786
420,176
289, 580
2, 233, 463
575,742
312, 920
460, 969
1,170, 690
1,456, 824
fej
O
o
^
^
W
fel
>^
M
O
fel
QQ
April
May
June
34, 017, 041
35, 443, 552
37, 546, 892
Total for 12 months
July August
Septeraber
October
Noveraber
Deceraber
1891—January
Februa'ry
Marcb
April
May
June
403,080, 983
,
Total for 12 months
July
August
September
October
Noveraber
December
1892—January
February
March
April
May
June
,
,
,
Total for 12 raonths,
July
August
Septeraber
October
Noveraber
Deceraber
1893—January
February
March
April
May
June
Total for 12 months.,
37, 999, 466
33, 906, 909
36,783, 335
39, 222,174
28, 678, 675
31,106,165
36, 810, 233
29, 273,173
29, 027, 455
25, 465, 232
27,289,306
31, 631, 850
392, 612, 447
34,158, 245
28, 773, 981
27,165, 554
28, 448, 562
26, 802, 888
27, 646, 516
30, 383.479
30, 698, 945
29, 836, 606
26, 971, 224
28, 228, 398
30,958,618
354, 937,784
29, 234, 006
26, 422, 413
14, 641, 383
297,736, 487
7,209, 411
9, 892,799
11, 804,190
186, 235,572 227, 213, 755
190, 544, 854 228, 336, 445
190, 232, 405 245, 612, 464
38,100, 294
19, 537, 484
22, 267, 038
30, 650, 811
26,156, 048
30,424, 728
34,175, 350
25, 962, 726
27,784,217
30, 059, 632
31, 732, 794
27, 922, 412
345,023, 330
383,477, 955
a3,942, 049
9, 236, 497
4, 898, 516
a2, 202, 249
646, 840
a2, 778, 212
a 3, 791,871
4,736, 219
2,052, 389
a3, 088, 408
a3, 504, 396
3, 036, 206
1,052, 355
288,620
3,73L366
234, 069, 918
215,907,111
179,120, 347
175,131,439
164, 386, 294
163, 242, 409
174,983,938
168, 395, 989
163,915,855
16L718,803
158, 886, 719
153, 893, 809
10, 833, 409
14,467, 265
9,150,717
5, 613, 813
5, 528, 073
5, 679. 710
5, 338, 384
4, 716, 987
4, 932, 842
3,412, 075
4,821,028
8, 696, 590
121,113, 024
132,471,409
132, 523. 222
127,674,422
129,193, 224
130,740, 631
119, 574, 905
122,122,113
125, 815. 040
119, 909, 757
114,231,883
114, 342, 367
155, 783, 717
160, 274, 395
144, 987,969
139,671,919
139,126, 919
134, 574,129
131, 368, 461
132,162, 204
132, 898, 884
131,518,162
126, 005, 887
126, 692, 377
11,918,607
12,191,147
12, 270, 343
6,094, 592
6, 597, 293
11, 353, 443
16,556, 021
18,676, 514
19,751,069
21,324,574
21, 388, 384
20, 398, 866
110, 444, 391
114,156, 316
119,395, 509
124,206,120
124, 409, 657
121, 266, 663
108,181, 713
103, 284, 219
106, 892, 224
97, Oil, 330
95, 048, 641
95, 485, 414
127, 050, 286
129,152, 343
131, 895, 918
131, OU, 402
130, 328,919
129, 092, 590
125, 265, 067
124,128, 088
125, 630, 728
121, 482, 903
121, 565,155
122,462,290
2, 341, 674
a Excess of expenditures.
12, 943, 342
17, 274,491
45, 220
19,740
12, 650
11, 520
24,873
31, 954
47,229
41, 493
66, 399
41, 055
2, 288, 479
3, 355, 458
1,195, 054
1,724, 565
I, 425, 632
2, 621, 638
1,926, 401
6, 033, 013
1, 397,918
565,304
614,170
233, 318
212, 648
282, 906
11, 860, 029
2,135, 853
281, 627
425, 235
567,152
632,354
728, 246
4,010,146
5,155,736
14,163,116
30, 580, 760
15, 822, 400
18, 232, 567
86, 362, 654
>
1, 835, 912
297, 633
242,820
763,059
406, 094
317, 966
312,053
476,200
732, 731
696, 726
622,123
2, 422, 526
1, 029,148
1,394, 755
7, 451, 428
16, 897, 947
8, 871, 717
6,018,851
552, 014
2, 826, 962
3, 084, 406
487, 041
591,159
494,026
6, 662, 674
172,168
345,290
809, 595
381, 949
254, 501
246, 466
6,507,180
6, 309, 956
7, 521, 823
3,854,222
17,129, 503
Kl
9,125, 843
184, 092,074
185, 837, 581
147, 981, 732
156, 315, 624
'162,439,381
148,972,935
141, 728, 097
149, 712, 824
148,118,150
141,742,241
133, 207,164
117, 667, 723
9, 914,454
a2, 019, 621
2, 038, 805
3,605,206
100, 578
a 900, 883
a 393, 036
a3, 348, 400
al, 168,131
2,482, 328
a4, 823,518
718,071
1, 941, 633
478, 353
280, 902
385, 830
5, 986, 070
12,163, 412
12, 806, 810
6, 737, 790
7, 834, 912
6,874, 864
5, 389, 348
10,697, 802
10, 685, 586
4,677,045
5, 207,344
9,177, 337
11,366, 996
37, 239, 762
355,372,685
19, 464
30,164
11, 987
732, 386
105, 344,496
36, 694, 820
1,304,646
32, 624, 992
I, 281, 917
26, 740, 833
10, 042, 502
35, 690, 721
3, 531, 453
40,460, 338 all, 781, 663
18,043,079
13, 063, 086
21,479,968
15, 330, 265
29,445,669
a 172, 496
29, 062, 737
a 35, 282
1, 674,124
23,791,108
a401, 021
27, 690, 327
33, 628,103
al, 996, 253
34, 314, 356
36, 333, 977
33, 479, 059 31, 440, 254
31, 797, 629 . 28,192,423
31, 288, 540
31,187, 962
28, 739, 895 29, 640, 778
33, 066. 964 33.460, 000
35, 003. 052
38, 351, 452
29, 698,142
30,866,273
34,115, 810
31, 633. 482
28, 415, 368 33, 238, 886
30, 928, 858 30, 210, 787
30, 717,102
28,775, 469
385,819, 629
4, 783, 035
9, 021,139
22, 905, 509
49,699,454
50,195, 327
9, 234, 705
6,140, 874
4,087,799
598,865
698,146
10, 237, 812
11, 496, 617
13,828,664
4, 926, 453
20, 051, 910
16,547,849
4, 250, 651
102,100, 345
,
542, 440
333,282
1, 303, 536
3,118,330
2, 577, 212
1, 540, 538
370, 843
i, 257, 539
6, 608, 437
803,985
I, 708, 557
1, 009, 682
21,174, 381
10, 782, 638
6, 049, 981
3, 627, 663
484, 250
1,138, 647
12, 879, 727
12, 584, 396
14, 245, 607
8,113, 428
19,148, 964
16,914, 317
2, 711, 226
108, 680, 844
fel
o
fel
O
fej
y^
W
fej
y^
fel
CP
a
o
X
T A B L E I . — S T A T E M E N T SHOWING T H E R E V E N U E S AND E X P E N D I T U R E S O F T H E G O V E R N M E N T B Y M O N T H S ,
Month.
1893—July
August
Septeraber
October = = = = = = . . . . .
.
November
December
1894—January
February
March ..\
April
May
June
T o t a l for 12
raonths
raonths.
July
August
Septeraber
October
November
December
J896—January
February
March
Surplus
revenues.
$30, 905,776
23, 890, 885
24, 582,756
24, 553, 395
23, 979, 401
22, 312, 027
24, 082, 739
22, 269, 299
24, 842, 798
22, 692, 364
23, 066, 994
26, 485, 926
$39,675,889 a$8,770,113
33, 305, 228 a9,414, 343
25, 478, 010
a895,254
29, 588, 792 a 5 , 035, 397
31,302,026
a 7 , 322, 625
30,058, 261
a 7, 746, 234
31, 309, 670 a 7 , 226, 931
a4,456, 075
26, 725. 374
a6, 294, 762
31,137, 560
a9, 380,472
32, 072, 836
a 6, 712,147
29, 779,141
928, 905
25, 557,021
297, 722, 019
Legal-tender
Available
Legal-tender
N e t gold
notes
cash balance,
notes
in Treasury. i n c l u d i n g
redeemed
in T r e a s u r y .
i n gold.
n e t gold.
313,390,075
29,069, 698
28, 952, 697
27, 549,678
27„901,748
25, 986, 503
26, 288, 938
29,237,670
26, 059, 228
26, 041,149
36, 648, 583 a l , 839, 243
8, 760, 969
31, 656, 637
30, 323, 019 a 7 , 701, 790
32. 713, 040 a l 3 , 573, 800
a9,065,785
28,477,189
27,135, 461
a 5 , 269, 324
34, 523, 447 a 6 , 719, 047
25, 696, 035 a 2 , 807, 978
25,716, 957
a246, 381
32, 990, 676 a 8, 742, 840
28, 558, 214 a 3 , 286,136
21, 683. 029
3,932,445
356,195, 298
a 9 , 478, 366
a 3, 635, 488
3, 229,196
a 6, 601, 677
a 1,212,780
474, 621
a 3, 291, 671
a 690, 728
a 1, 233, 845
$18,943, 822
13, 899, 705
8, 746, 951
4, 380, 594
4,890, 567
6,289, 086
4,682,696
17, 227, 906
14, 953,122
16, 754, 286
29, 445, 979
36, 696, 053
$99, 202, 933 $117,887, 566
96, 209,123
107,283,910
93, 582,172
106, 875, 632
84, 384, 803 102, 294, 291
82, 959, 049
95,199, 616
80. 891, 600
90, 375, 555
65; 650,175
84, 082, 098
106, 527, 068 138, 662, 364
106,149,136
133, 950, 026
100, 202, 209 125, 097, 787
78, 693, 267 117, 854, 335
64, 873, 025 117, 584, 437
42, 950, 390
52, 439, 842
.53, 756, 428
40,586,483
39, 039, 691
63, 284,108
85,627,989
84,223, 215
81, 792, 746
69, 736, 082
61,587,457
56, 276, 252
54, 975, 607
55, 216, 900
58, 875, 317
61, 361, 827
105,424,569
86, 244, 445
44, 705, 967
87,085,511
90, 643, 307
91, 247,145
99,151, 409
107, 512, 363
119, 065, 351
127,148, 096
119,919,718
107, 340,146
144, 507, 606
153, 337, 579
144, 603, 302
178,197, 587
187, 917, 260
180, 817, 916
185,370,101
195, 240,153
49, 897, 588
57, 647, 881
79,107, 454
77, 520, 347
90,156, 477
106, 264, 654
99,113,271
104, 042,173
112,284, 848
'107, 236, 487
100, 329, 837
92,911,974
92, 943,180
79, 333, 966
63, 262, 268
49, 845, 508
123, 962, 980
128, 646,461
187,149, 532
184.039,157
185, 405, 365
179, 947, 999
177, 406, 386
178,027,200
171,,591, 780
262,707, 207
271, 641, 748
a42, 805,223
38, 548, 064
32, 588,185
24, 320, 482
34,503,425
27,199. 283
25,814,317
32, 529, 341
26, 749, 956
27, 274, 994
Imports of
gold.
Exports of
gold.
$1,036, 015
2, 348, 222
340,727
695, 392
516, 372
517, 418
356, 356
19,193, 354
3, 461,192
7, 666,127
26, 541, 082
22, 169. 893
$5, 950, 613
41,572,031
6, 678, 945
1,583, 937
4, 471, 575
746,245
705, 647
2,140, 982
1, 091, 392
2, 321, 661
4, 282, 743
903, 348
$174, 212
949, 502'
1, 436, 862
511,018
331, 743
2, 654, 545
I, 279, 437
3, 209, 317
4,020,633
11, 723, 771
27, 406, 801
23, 280, 220
84, 842,150
367, 525, 280 a69,803,26I
34, 809, 340
40, 417, 606
22, 621, 229
19,139, 240
19, 411, 404
21, 866,137
27, 804,400
22, 888, 057
25, 470, 576
• 24, 247, 836
25, 272, 078
25, 615, 474
July
August
Septeraber
October
NoA^ember
December
1895—January
February
March
April
May
June
T o t a l for 12
Expendit u r e s , excluR e v e n u e s , s i v e oi" postal,
e x c l u s i v e of p r i n c i p a l of
postal.
debt and
premium.
o
X
ETC.—Continued.
72, 449,119
76, 978, 061
13, 923, 375
4, 741, 413
936, 518
3, 047, 890
7, 7^9, 747
31,907,221
45,117, 738
5,560, 952
1,089,085
1, 017, 571
1,166, 492
1, 046,196
117, 354,198
3, 826, 795
16, 564,067
17. 377, 484
2,166, 883
16, 034, 590
20, 212, 695
16, 448, 508
21, 736,876
6, 856, 546
1,406,629
3,183, 348
055,595
1, 602, 665
1, 935, 601
377,950
1,231,339
5, 632,197
7, 246, 384
4,923,371
4,856, 264
2, 095, 391
14, 230, 201
5,118, 651
237,477
1, 082. 814
428, 213
9, 802, 389
25,929. 828
1,565; 194
3,126, 094
2, 893, 6i0
I, 585, 071
131, 641
35,146, 734
66,131,183
571,451
I, 534, 086
749,456
1,797,040
591. 309
1,310,448
10,367, 940
11, 559, 089
677, 733
3,867,518
16, 667, 261
17, 424, 065
I, 873,897
14, 059, 497
15, 481, 347
10, 566, 526
2,183, 700
384, 080
fel
a
o
W
fej
fel
o
fel
GQ
April.
May
June
Total for 12 months...
1
July
August
September
October
November
December
1897—January
February
March
April
May
June
Total for 12 months . .
July
August
Septeraber
October
November
December
1898—January
February
March
April
May..
June
Total for 12 raonths
July
August
September
October
November
December
1899—January
I^ebi'uary
Marcti
April
May
June
Total for 12 months
28,987, 382 a 4, 704, 489
24, 282, 893
24, 643, 718' 28,426, 593 a 3.782, 875
2, 349, 430
25,444. 789
27, 794, 219
326, 976, 200 352,179,446 a 25, 203, 246
29, 029, 209
25, 562,097
24, 584, 245
26, 282,830
25,210,696
25, 857,114
24,316,994
24,400,997
36, 217, 662
37,812,135
29,797,391
36, 584,708
347,721,705
1
j
1
i
1
1
1
1
1
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
j
1
43,847,109
41, 782, 708
39, 778, 070
39, 630, 051
38, 900. 915
41,404,794
41, 774, 930
37, 979, 333
57, 030, 240
41,611,587
44, 786, 014
47,126,915
515,960,620
108, 549, 890
120, 993, 035
123, 855, 577
125, 393, 900
108, 345, 234
101, 699, 605
270, 090, 662
267,193,210
267,432, 097
7,130,618
22, 039, 547
8. 261, 347
158, 655,956
102,125, 226
111, 800. 038
98, 868,949
96, 535, 206
75, 034, 912
70, 628, 317
48, 509, 678
41,425,059
50, 593, 846
53, 480, 533
61,188.187 '
67,929, 521
110,718,746
100,957, 561
124,034, 672
117,126, 524
131,'510, 353
137, 316, 544
144, 800, 493
148, 661, 209
151,786,464
153, 340, 890
144, 319, 563
140, 790, 738
256,158, 473
•243, 346, 401
241,154,457
233, 572, 762
225, 357, 098
228, 320, 380
215, 362,421
212,837,256
222,045,606
228,090,517
230,113, 813
240,137, 627
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
78, 201, 914
1. 505, 928
4. 057,101
34,159,130
27,961,083
7, 344, 228
2. 567,115
556, 621
544, 700
884,166
619,452
561, 666
650, 343
a 11,073,545
a 14, 564,432
a 3,435.718
a 9, 310,097
5, 552,766
32, 012, 606
636,-917
1, 973,102
1, 076, 307
all, 301,119
a 17, 775, 091
a 14, 342, 969
443, 368, 583 a 38, 047, 248
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
3 L 692,454
36, 605, 387
140,817,699
144, 216, 377
147, 663,105
153,573,147
157, 363, 851
160, o n , 547
164, 236, 793
167, 623,182
174, 584,136
181, 238,137
171,818,055
167, 004, 410
233, 016, 457
218,561,207
215,192, 787
207, 756,100
220,603, 560
235,474, 769
223, 871, 786
225, 564, 204
226,166, 944
215,810,622
195, 754. 815
205,657,571
5, 275,143
3,116,276
2, 742,173
2, 096, 301
2,110,416
2, 019, 399
1, 209, 916
I, 635,813
1, 583, 770
1,155, 907
548, 997
903,852
.592,197
4, 376, 395
4, 289, 423
11,351,766
2, 545, 018
2, no, 013
5,716, 776
5,329,109
30, 214, 745
32, 345,138
13,118,634
3,184,774
24, 397, 963
115,173, 988
a 30, 416, 366
a 14,478, 010
a 14,445,851
a 14, 352, 226
alO, 190, 066
a 460. 014
a 9, 347, 841
a 5, 939, 596
14, 051, 669
a 24, 337,519
4,273,009
15,744.153
a 89,111,560
51, 099, 556
58, 345, 061
39, 230, 848
21,587,896
16,166, 768
15, 380, 807
16. 856, 385
16,577.439
14, 705,478
14,317,850
15,169,090
16.191,155
189, 444,714
217,904,485
243,297,543
239, 885,162
241,663,444
246,529,176
228, 652, 341
231,124.638
245, 413,707
246,140, 226
228, 415, 238
240, 737, 212
254,844,215
294, 487, 085
307,557, 504
300, 238, 275
292, 376, 790
294,764, 695 •
274, 584,676
269,103,513
284, 043,164
263,127, 533
267, 584, 094
281,380,469
4, 091, 067
613,762
443, 871
347,578
653, 253
2, 674, 754
4,237, 722
3, 001, 905
2,343,753
1,781,270
2, 725. 378
2, 737, 952
2, 492, 231
15, 070, 336
16,489, 419
16, 302, 457
4, 716, 737
8,165,803
5, 843,107
4, 841, 933
2, 823,934
2,145,718
2. 637,155
2,751,844
25, 652, 265
84, 280, 674
42,088,468 a 13, 059, 259
35,701,677 al0,139,580
26, 579, 535 al, 995, 290
33, 978, 277
0 7,695.447
33,260,720
a8, 0.50, 024
23,812,665
2, 044,449
30, 269, 389 a5, 952, 395
28, 796,057
a4, 395, 060
27, 212, 998
9, 004, 664
32, 072, 097
5, 740, 038
29,109, 259
688,132
22, 934, 695
13,650,013
365, 774,160 a 18, 052, 455
50,100, 909
33, 588, 047
25, 368, 816
33,701, 512
37, 810, 839
27, 634, 092
36, 696, 711
26, 599, 256
31, 882,444
44, 314, 062
47,849, 909
47, 852, 282
74, 263. 475
56, 260, 718
54, 223, 921
53, 982, 277
49,090. 981
41,864,808
51,122, 771
43, 918,929
42,978,571
65,949,106
40,513,005
31.382,762
605,072,180
aExcess of expenditures.
1,119,768
604, 498
837, 669
31,720, 487
8L 411, 533"
3,782, 266
19,103, 913
6,915,066
112,309,136
11,908,141
1,970,104
61, 050
343,168
423,399
405,856
371, 944
336, 697
572, 068
6, 629, 406
9,467, 211
7, 625, 678
40,114,722
5,460, 119
1,983, 588
142, 922
311,671
699, 340
573,538
2, 656,195
1,030,412
658, 834
1,323, 624
109,157
375,529
15, 324, 929
1,
1,
3,
1,
493, 813
955, 908
099, 565
279, 826
910, 757
1,219,638
L 755, 451
567, 962
1,107, 035
1,162,484
2, 047,155
20,908,177
37 507 771
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T A B L E I . — S T A T E M E N T SHOWING T H E R E V E N U E S AND E X P E N D I T U R E S O F T H E G O V E R N M E N T B Y M O N T H S , ETC.—Continued.
Month.
1889—July
August
September
October
November
jjecember
1900—January
February
March
April
May
June
T o t a l for 12
Expendit u r e s , excluR e v e n u e s , s i v e of p o s t a l ,
e x c l u s i v e of p r i n c i p a l of
postal.
debt and
preraiura.
$48, 054,
49, 978,
45, 334,
47, 533,
46, 945i
46, 759,
48,012,
45, 631,
48, 726,
45. 039.
45,166,
51, 435,
raonths
567, 240, 852
Surplus
rcA'^enues.
Legal-tender
Available
Legal-tender
Net gold
notes
cash balance,
notes
in Treasury.
redeemed
including
in Treasury.
i n gold.
n e t gold.
561,090 a$8, 506, 832 $16, 317, 766 $245, 254, 534 $274, 844,167
522, 312
4, 455, 861 18, 246, 243 248, 757, 971 279, 352, 872
579, 372
7, 754, 773 17, 066, 521 254, 328, 820 287, 695, 613
174,027
3, 359, 562 16, 615, 736 252, 223, 797 289. 391, 540
769, 848
6,175, 724
16, 848, 640 239, 744, 905 286, 216, 440
145.560
7, 613, 544 17, 817, 580 236, 909. 230 283, 595,453
189, 097
8, 823, 068 16,455, 244 218, 613, 617 292, 490,973
738, 472
7, 892, 793 14, 322, 423 232,225, 336 298, 362, 824
188,271
16, 538, 566 10, 268, 313 248, 358. 064 306, 792, 996
903, 928
296,117,548
13, 426, 509 229,461,962
4,135,399
351,525
218, 857, 545 295, 783,530
4, 814, 528 19,946,308
540, 673
305, 705, 655
27,141, 405 220,557,185
17,895, 159
487, 713, 792
79, 527, 060
I m p o r t s of
gold.
E x p o r t s of
gold.
$2, 208, 091
2, 076, 548
1,105, 220
888. 828
1, 225. 020
1,837,112
3,191,433
I, 590, 041
1,132,563
5,072, 805
8,482, 051
6, 788, 625
$2, 357, 535
2, 731, 270
2, 069, 111
5. 836. 791
1,136, 960
4,895,241
1,469,508
1, 522, 940
1,593,715
2, 994, 496
3,105, 265
1, 248, 866
$2, 604, 857
2, 056, 832
618, 995
376, 502
260, 910
n , 851,101
5, 688, 522
1,401, 506
I, 062, 510
1, 961, 069
12, 205, 396
8, 089, 968
35, 598, 337
30, 961, 698
48,178,168
a E x c e s s of e x p e n d i t u r e s .
N O T E . — T h e r e v e n u e s a n d e x p e n d i t u r e s b y m o n t h s a r e m a d e u p from p a r t i a l r e p o r t s , and, b e i n g s u b j e c t t o c h a n g e 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 , do n o t a g r e e
Avith t h e t o t a l s b y y e a r s . T h e l a t t e r a r e t h e a c t u a l r e s u l t s , a s s h o w n b y c o m p l e t e r e t u r n s .
fel
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SECRETARY
OF T H E
TREASURY.
CXXI
TABLE J.—STATEMENT OF THE N E T DISBURSEMENTS ( B Y WARRANTS) DURING THE
FISCAL YEAR ENDED J U N E 30, 1900.
CIVIL.
Congress
Executive
Judiciary
GoA'-ernment in the Territories
Subtreasuries
Public land offices
Mints and assay offices
$4,793,307.03
12, 236,766.52
5, 937,592.38
89,923.95
458,319.33
695.722.49
223,732.23
4
$24, 435, 363. 93
FOREIGN INTERCOURSE.
Diplomatic salaries
Consular salaries
Contingent expeuses of foreign missions
Contingencies of consulates
National defense
Relief, protection, and rescuing shipwrecked American seamen
International Union of American Republics
Deterraining canal route. Isthmus of Panama.
Pay of consular officers for services to American vessels and seamen...
Emergencies arising in the diplomatic and consular service
International Exposition at Paris
Canadian Commission
Miscellaneous trust funds
Miscellaneous items
412,157.87
654, 371.96
169,915.25
225, 035.75
4,937.04
29,240.88
36,000.00
553,704.62
15,202.11
56,523.76
701,056. 08
9,131.50
218,756.42
128, 769.41
3, 214, 802. 65
MISCELLANEOUS.
Public printing and binding
Building, Government Printing Office
Payment of judgments, Court of Claims
Contingent expenses, independent treasury
Mint establishment
Assessing and collecting internal revenue
Paper for'internal-revenue staraps
Redemption of internal-revenue stamps
Punishing Anolations of internal-revenue laws
Refunds, reliefs, etc., under internal-revenue laws
Allowance or drawback under internal-revenue laws
Refunding taxes illegally collected under internal-revenue laws
Collecting rcA^enue from customs:
For the year 1900
$7,446,593.09
For prior years
21,099.38
Detection and prevention of frauds upon the customs
roA^enue
77, 822.38
Repayment to importers excess of deposits
Debentures and drawbacks under customs laws
Revenue-Cutter Service
Life-Saving Service
Marine-Hospital Establishment
Light-House Establishment
Expenses of regulating immigration
Salaries, shipping service
Services to American A'-essels
.,
Supplies for native inhabitants of Alaska
Enforceraent of alien contract-labor laws
Enforceraent of Chinese exclusion acts
Revenue vessels
,
Engraving aud printing
Coast and Geodetic Survey
Steamboat-Inspection Service
Custom-houses, post-offices, court-houses, etc
Pay of assistant custodians and janitors of public buildings
Fuel, lights, and Avater for public buildings
Furniture and heating apparatus for public buildings
Vaults, safes, locks, and plana for public buildings
Distinctive paper for United States securities
Expenses of Treasury notes
Transportation and recoinage of coin
.
^
Preventing the spread of epidemic diseases
Suppressing counterfeiting and other crimes
Interstate Commerce Comraission
Expenses uuder Sraithsonian Institution
National Museum
National Zoological Park
Fish Commission, general expenses
French spoliation claims
Claims allowed under BoAvman and Tucker acts
Redemption and recoinage of Porto Rican coins
Pan-American Exposition, Niagara frontier
Expenses of loan, act of March 14, 1900
4, 586,211.11
144,000.00
448,698.79
224, 492.52
1,255,916.02
4,330,135. 57
37,464.00
129,112.01
78,719.41
10,938.38
75, 344.63
329,963.41
7, 545, 514.1
4,688,122.97
5,699,415.88
1,229, 337.57
1,579,127.73
982,495.77
3, 556,840.70
290, 006.00
55,426. 76
25,099.15
19,100.38
...,..-..
90,047.81
.
128,265.73
86,004.77
1,807,169.59
528,156.05
316,140.85
6, 346, 657.85
976,267.97
874, 811.30
336, 347.75
35,095.95
103, 208.12
16, 978.43
683,772.07
313,009.96
.
99,018.16
242,914.07
141,888.68
222, 617.53
63, 000. 65
522, 309.90
77,101.02
171,799.45
2, 205,112.58
71, 279. 03
10,160.25
CXXII
REPORT ON T H E FINANOES.
TABLE J.—STATEMENT OF T H E N E T DISBURSEMENTS ( B Y WARRANTS) DURING T H E
FISCAL YEAR ENDED J U N E 30, 1900—Continued.
District of Columbia:
General expenses
Water department, payable from the Avater fund...
Special trust funds
$6, 524, 022.48
375, 920.84
208,638.25
Buildings and grounds in Washington under Chief Engineer
Fuel, lights, etc., State, War, and Navy Department building
Care, maintenance, etc., of Washington Monument
.
^
Increasing Avater supply, Washington, D.C
Support and treatinent bf destitute patients
Prevention of deposits in NCAV York Harbor
,
Steam tugs in New York Harbor
'.
Statue of Gen. W. T.Sherman
Photolithograpbing for the Patent Office
Official Gazette. Patent Office
Surveying public lands
Protecting forest reserves
Surveying forest reserves
Contingent expenses of land offices
Geological Survey
Geological maps of the United States
Protecting public lands, timber, etc
Repayment for lands erroneously sold
Deposits by individuals for surveying public lands
Hot Springs Reservation, Arkansas
Classincation of certain mineral lands in Montana and Idaho
Five, three, and two per cent funds to States.^
Government Hospital for the Insane
/
Columbia Institution for the Deaf and Dumb
Howard University
Garfield Hospital
Expenses ofthe Twelfth Census
Capitol building and grounds
Interior Department building
Colleoes for agriculture and the mechanic arts
Deficiency in th,e postal revenues.
Mail transportation. Pacific railroads
Department of Agriculture
Weather Bureau
Miscellaneous items
Indians
Pensions
:
INTERIOR D E P A R T M E N T .
$7,108, 581. 57
195, 860.32
36, 262.02
11, 501.21
345,000.49
18, 999.98
58,728.38
41, 966. 24
29,555.05
95,549.85
128, 743.02
289,464. 37
203,303.87
129, 667. 07
157, 757.24
555, 389. 75
61, 399.17
133, 854. 02
37,164.89
Ill, 265.81
22, 559.18
20,154.74
43,107.41
394, 501.00
57,500. 00
.35,100.00
19, 000.00
938,547.90
93, 933.82
22, 714.30
1,200, 000.00
7, 230, 778.79
598, 976.18
2,636,074.12
989, 776.42
279, 666.26
$78,123, 023. 58
10,175,106.76
140, 877, 316. 02
151, 052, 422. 78
M I L I T A R Y ESTABLISHMENT.
National Defense.
Eraergency fund
Pay Department
.-.
Pay Department, bounty and miscellaneous
Extra pay. Regular Ariny, war Avith Spain
Extra pay. Volunteers, Avar Avith Spain
Commissary Department
Quartermaster's Department
National cemeteries, roads, etc
Medical Department
Artificial limbs...
Ordnance Department
Armories and arsenals
Armament of fortifications
Gun and mortar batteries
Military Academy
Fortifications, etc
,
Improving riA^ers and harbors
Contingencies of the Army
Military telegraph and cable lines, Alaska
Signal Service of the Army
Construction of railitary posts, roads, etc
Publication of Official Records ofthe War of the RebeUion
Support of Soldiers' Home
Soldiers' Horae, permanent fund and interest account
State or Territorial Homes for Disabled Volunteer Soldiers
'...
Support of National Homes for Disabled Volunteer Soldiers
Chickamauga and Chattanooga National Park
Shiloh National Park
Yellowstone National Park
Vicksburg National Park
Gettysburg National Park
Reimbursing States and Territories for expenses of raising troops,
war Avith Spain
Refunding customs revenue collected from Porto Rico
Bringing home remains of officers, soldiers, and others who die abroad
Reliefs and reimbursements
Miacellaneous items
1, 269, 546.58
1, 040,383.70
31,715, 789.71
235, 766.88
24, 696.55
915, 624.82
10,407, 631.76
48,047, 884.23
186,725.69
2, 317, 255. 22
520,338.87
3,104, 632.32
372, 833.79
4,367, 412.75
2, 946,047.27
199, 902.66
555, 933.09
18, 718,864.82
37,465. 86
60,000.00
225,582.92
906,368.35
21,173.29
247,926.62
394, 977.62
868, 709.13
2,849, 631.39
55,360.41
62, 068. 58
35,198.00
75, 000.00
60,922. 50
1,131,881.04
545,000.00
110,680. 08
32, 279.10
107,272.18
134, 774, 767.78
SECRETARY OF T H E TREASURY.
CXXIII
T A B L E J . — S T A T E M E N T OF T H E N E T DISBURSEMENTS ( B Y WARRANTS) DURING T H E
FISCAL YEAR ENDED J U N E 30, 1900—Continued.
NAVAL ESTABLISHMENT.
National Defense
....Emergency fund
Pay,etc., of the Navy
Pay,
raiscellaneous
Deposit fund
Contingent, Navy
Marine Corps
:
NavalAcademy
Navigation
:
Ordnance
Equipment
Yards and Docks .'.
:
Medicine and Surgery
Supplies and Acoounts
Construction and Repair
Steam Engineering
Increase of the Navy
Navy transportation. Pacific railroads
General account of advances
Relief of suflerers by destruction of the U. S. S. Maine
Transportation of contributions for poor of India
$1,045,064.40
812,406.39
11,391,940.58
471,158.53
184,575.23
5,601.42
1,798.871.61
400,692.31
418,617.24
3, 659, 203.82
3, 329, 324. 20
4,476, 759. 21
286, 798.93
3.518, 421.26
5,781, 245.81
2, 531, 549.71
14,398,254.94
26, 535.54
1,398,140.28
5,733.00
20,000.00
Deduct repayments in excess of expenditures
55,960,894.41
7,816.69
• :
Interest on the public debt
$55,953,077.72
40,160,333.27
Total net ordinary expenditures
Redemption of the public debt
Preraiura
487,713,791.71
365,582, 271. 25
33,147, 054.81
Total expenditures
Balance in the Treasury J u n e 30,1900
886,443,117.77
1, 059, 336, 349. 58
Grand total
1,945,779,467.35
CXXIV
REPORT ON T H E FINANCES.
T A B L E K . - STATEMENT OF R E C E I P T S OF THE U N I T E D STATES FROM MARCH 4, 1789,
J U N E 30) FROM
^
o
N
Balance in
the Treasury at
commencem e n t of year.
Customs.
• Internal roA-^enue.
Direct tax.
Public lands. Miscellaneous.
1791
$4, 399, 473. 09
$10, 478.10
1792
3,443, 070. 85
'$208, 942." si
9, 918. 65
$973,'905.*75
1793
4, 255, 306. 56
21, 410.88
337, 705. 70
783, 444. 51
1794
4, 801, 065. 28
274, 089. 62
753, 661. 69
53, 277. 97
5, 588. 461. 26
1795
337, 755. 36
28,317.97
' 1,151,924.17
1796
516, 442. 61
6, 567, 987. 94
475, 289. 60
$4, 836.13 1,169,415. 98
1797
7,549, 649. 65
399,139. 29
888, 995. 42
575, 491. 45
83, 540. 60
7,106, 061. 93
644, 357. 95
11.963.11
58,192. 81
1798
I, 021, 899. 04
1799
6, 610, 449. 31
86,187. 56
617, 451. 43
779,136.44
1800
9,080,932.73
809, 396. 55""$734,"223'97
2,161, 867.77
443." 75
152, 712.10
I80I
2, 623, 3 n . 99
10, 750, 778. 93
1, 048, 033. 43 534,343.38
167, 726. 06
345, 649.15
1802
3, 295, 391. 00 12,438, 235.74
621, 898. 89
206, 565.44
188, 628. 02 1, 500, 505. 86
1803
215,179. 69
165, 675. 69
131,945.44
5, 020, 697. 64 10, 479, 417. 61
71, 879. 20
1804
487, 526. 79
4, 825, 811. 60 11, 098, 565. 33
50,941.29
139,075.53
50,198. 44
1805
4, 037, 005. 26 12, 936, 487. 04
21. 747.15
21,882.91
540,193. 80
40, 382. 30
1806
3, 999, 388. 99 14, 667, 698.17
20,101.45
55, 763. 86
765, 245.73
51,12L 86
1807
13, 051. 40
34, 732. 56
466,163. 27
38, 550. 42
4, 538,123. 80 15, 845, 521. 61
1808
9, 643, 850. 07 16, 363, 550. 58
8,190. 23
19,159. 21
647, 939. 06
21,822. 85
7, 257, 506. 62
4, 034. 29
442, 252. 33
62,162. 57
1809
9, 941, 809. 96
7,517.31
1810
3,848, 056. 78
8, 583, 309. 31
7, 430. 63
12,448. 68
696, 548. 82
84,476. 84
2, 295. 95
59, 211. 22
2, 672, 276. 57 13, 313, 222. 73
7, 666. 66 1, 040, 237. 53
1811
1812
3, 502, 305.80
8,958. 777. 53
4,903.06
859.22
• 710,427.78
126,165.17
4,755. 04
271, 571. 00
1813
3, 805.52
835, 655.14
3, 862, 217. 41 13, 224, 623.25
5, 998, 772.08
1, 662,984. 82 2, 219, 497. 30 1,135, 97L 09
164, 399. 81
1814
5,196, 542.00
7, 282, 942: 22
285, 282. 84
4, 678, 059. 07 2,162, 673.41 I, 287, 959. 28
1815
I, 727, 848. 63
1816
13,106, 592. 88 36, 306, 874. 88
5,124, 708. 31 4, 253, 635. 09 I, 717, 985. 03
'273, 782. 35
26, 283, 348.49
2, 678,100. 77 1, 834,187. 04 1, 991, 226. 06
109, 761. 08
1817
22, 033, 519.19
17,176. 385. 00
955, 270. 20
264, 333. 36 2, 606, 564. 77
57, 617. 71
14, 989, 465.48
1818
1819
20, 283, 608. 76
229, 593. 63
83, 650. 78 3, 274, 422.78
57, 098. 42
1, 478, 526.74
15, 005, 612.15
106, 260. 53
31, 586. 82 I, 635, 871. 61 . 61,338.44
1820
2,079,992.38
1821
13,004,447.15
69, 027.63
29, 349.05 1, 212, 966. 46
152, 589. 43
1,198, 461. 21
67, 665. 71
20, 961.56 1, 803, 581. 54
452, 957.19
1822
I, 681, 592. 24 17, 589, 761. 94
4, 237, 427. 55 19, 088, 433.44
34, 242.17
10, 337. 71
916, 523.10
141,129. 84
1823
34, 663.37
6,201.96
984, 418.15
127, 603. 60
1824
9, 463, 922. 81 17, 878, 325. 71
20, 098, 713.45
25,771. 35
2, 330. 85 1,216, 090.56
130,451. 81
1825
1,946,597.13
1826
23, 341, 331.77
2L589.93
6. 638. 76 I, 393, 785. 09
94, 588. 66
5, 201, 650.43
19, 885. 68
2, 626. 90 1, 495, 845. 26 1, 315, 722. 83
1827
6, 358, 686.18 19, 712, 283. 29
23, 205, 523. 64
.17,451. 54
I, 018, 308.75
65,126.49
1828
6, 668, 286.10
2.218.81
14, 502. 74
22, 681, 965. 91
11, 335. 05 1,517,175.13
112, 648. 55
1829
5, 972, 435.81
1830
21, 922, 391. 39
12,160. 62
16, 980. 59 2, 329, 356.14
73, 227. 77
5,755, 704.79
1831
6, 014, 539.75 24, 224, 441. 77
6,933.51
10, 506. 01 3,210,815.48
584,124. 05
1832
4,502, 914.45
28, 465, 237.24
11,630.65
6, 791.13 2, 623, 381.03
270, 410. 61
2, o n , 777. 55
29, 032, 508. 91
2, 759. 00
394.12
3, 967, 682.55
470, 096. 67
1833
16, 214, 957.15
4,196. 09
1834
II, 702, 905. 31
19.80
480, 812. 32
4,857,600.69
8,892, 858.42
19, 391, 310. 59
10, 459.48
4, 263. 33 14,757, 600. 75
759, 972.13
1835
23,409, 940. 53
370.00
728.79 24, 877,179. 86 2, 245, 902. 23
1836
26, 749, 803.96
1837 • 46,708,436.00
11,169, 290. 39
5,493. 84
1, 687. 70 6, 776, 236. 52 7, 001, 444. 59
2,467. 27
3, 730, 945. 66 6, 410, 348. 45
37, 327, 252. 69 16,158, 800. 36
1838
7, 361, 576. 40
2, 553. 32
755.'22
36, 891.196. 94 23,137, 924.81
979, 939. 86
1839
13, 499, 502.17
1, 682. 25
3,411,818.63
2,567,112 28
1840
33,157,503.68
3,261.36
1, 365, 627.42 1, 004, 054. 75
29, 963,163. 46 14, 487, 216.74
1841
451, 995. 97
495. 00
1,335 797 52
1842
28 685 111 08
18,187, 908. 76
7, 046, 843. 91
103. 25
1843a
30,' 521,' 979! 44
285,' 895. 92
898,158.18
39,186, 284.74
26,183, 570. 94
1,777. 34
2, 059, 939.80 1, 075, 419. 70
1844
3, 517.12
2, 077, 022. bO
36, 742, 829. 62 27, 528, 112. 70
361, 453. 68
1845
26, 712, 667.87
2, 897. 26
2, 694, 452.48
1846
36,194, 274. 81
289, 950.13
23, 747, 864. 66
375.00
38, 261, 959. 65
2, 498, 355. 20
220, 808. 30
1847
31, 757, 070. 96
33,079, 276. 43
375.00
3, 328, 642. 56
1848
612, 610. 69
28 346 738 82
29,416, 612. 45
I, 688, 959.55
1849
685, 379.13
32,827, 082. 69
39, 668, 686.42
1850
1, 859, 894. 25 2, 064, 308. 21
35, 871, 753. 31 * 49, 017, 567. 92
1,185,166.11
2, 352, 305.30
1851
40,158, 353. 25
47, 339, 326. 62
1852
2,043, 239. 58
464, 249.40
43, 338, 860. 02
58, 931, 865. 52
I, 667, 084.99
1853
988. 081.17
64, 224,190. 27
50, 261, 901. 09
1854
8, 470, 798. 39 1,105, 352.74
48 591 073 41
53, 025^ 794. 21
11,497, 049. 07
827,731.40
1855
1856
64, 022, 863. 50
47i 1 1 1 , Q12.13
8, 917, 644. 93 I 116 190 81
1857
49,108, 229. 80
63, 875, 905. 05
3, 829, 486. 64 1, 259, 920. 88
46, 802, 855. 00 41, 789, 620. 96
1858
3, 513, 715. 87 1,352^ 029". 13
1859
'35,113, 334.22
1,756, 687. 30 1,454, 596. 24
49, 565, 824. 38
1860
33,193, 248. 60
53,187, 511. 87
. 1, 778, 557. 71 1,088,530. 25
1861
32,979, 530. 78 39, 582,125. 64
870, 658.54 I, 023, 515. 31
1862
30,963, 857. 83
49, 056, 397. 62
1, 795,331 73
152 -203.77
915,327.97
46, 965, 304. 87 69, 059, 642.40
1863
I67', 617.17 3, 7411 794. 38
37,*646,'787."95 1, 485,103. 61
1864
36, 523, 046.13 102, 316,152. 99
109,741,134.10
475, 648. 96
588, 333. 29 30,291,701.86
1865
134,433, 738. 44
209,464, 215.25 1, 200,573.03
996, 553. 31 25, 441, 556. 00
84,928,260.60
aFor the half year from
SEORETARY OF THE
TO J U N E 30,
T H A T TIME.
1900,
BY CALENDAR YEARS TO
Dividends. N e t ordinary Interest.
receipts.
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
1843a
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864
1865
$4,409, 951.
$8,028. 00 3, 669,960.
38, 500.00
4, 652,923.
303,472. 00 5,431, 904.
160, 000. 00
6,114, 534.
160,000.09
8, 377, 529
80, 960. 00
8, 688, 780.
79, 920.00
7, 900, 495
71, 040. 00
7, 546,813,
71,040. 00 10, 848, 749.
88,800. 00 12, 935, 330.
39,960. 00 14, 995, 793.
11, 064, 097.
11, 826, 307.
13, 560, 693
15, 559, 931
16, 398, 019.
17, 060, 661.
7, 773, 473.
9, 384, 214.
14,422, 634.
9,801, 132,
14, 340, 409.
11,181, 625.
15, 696, 916.
47, 676, 985.
202,426. 30 33, 099, 049.
525, 000. 00 21, 585, 171.
675, 000.00 24, 603, 374.
, 000, 000.00 17, 840, 669.
379.
105,000. 00 14, 573, 427.
297, 500. 00 20, 232, 666.
350, 000. 00 20, 540, 212.
350, 000. 00 19, 381, 858.
367,500. 00 21, 840, 434.
402,500. 00 25, 260,
420, 000. 00 22, 966, 363.
455, 000. 00 24,763, 629,
490, 000. 00 24,827, 627.
116.
490, 000. 00 24, 844, 820.
490, 000.00 28, 526, 450.
490, 000. 00 31, 867, 426.
474, 985. 00 33, 948, 935.
234, 349.50 21, 791, 087.
506, 480. 82 35,430, 796.
292, 674.67 50, 826, 153.
24, 954, 561.
26, 302, 749.
31, 482, 115.
19,480, 160.
16,860, 197.
19, 976, 001,
8,231, 707.
29, 320, 105.
29,970, 967.
29, 699, 403.
26, 467, 699.
35, 628, 077.
30, 721, 888.
43, 592, 039.
52, 555, 815.
49, 846, 031.
61, 587, 341.
73, 800, 574.
65, 350, 699.
74, 056, 312.
68, 965, 365.
46, 655, 107.
52, 777, 599.
56, 054, 299.
41,476, 261.
51, 919, 945.
112, 094, 971.
243,412, 158.
322, 031,
January 1 to J u n e 30, 1843.
TREASURY.
1843
Premiums.
BY F I S C A L YEARS ( E N D E D
Receipts
from loans and
Gross receipts.
Treasury
notes.
78, 675. 00
io,"i25.'o6
$32,107. 64
686. 09
40, 000. 00
71, 700. 83
666. 60
28, 365. 91
37, 080. 00
487,065.48
10,550.00
4, 26i. 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
Unavailable.
$4, 771, 342.53
8, 772, 458.76
6, 450, 195.15|
9,439, 855. 65
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, 455. 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, 473.12l
2,750, 000. 00 12,134, 214.28'
14, 422, 634. 09|
22, 639, 032.76
12,837, 900. 00
40,524, 844.95
26,184, 135. 00
34, 559, 536. 95
23, 377, 826. 00
50,961, 237. 60'
35, 220, 671.40
57,171, 421. 82'
9,425, 084. 91
33, 833, 592.33;
466, 723. 45
936. 66
21, 593.
8, 353. 00
24, 605, 665. 37|
2, 291. 00
20, 881, 493. 68,
3, 000, 824.13
5, 000, 324. 00
19, 573, 703. 72
20, 232, 427. 94!
20,540, 666. 26
5, 000, 000.00 •24, 381, 212. 79'
5,000, 000.00 26, 840, 858. 02'
25, 260, 434. 21t
22, 966, 363. 96
24, 763, 629.23
24,827. 627. 38
24, 844; 116. 51
28,526, 820.82
31, 867, 450. 66
$1,889. 50
33, 948, 426.25
21,791, 935. 55
3.5, 430, 087.10
50,826, 796.081
2,992,989.15
63, 288. 35
27, 947, 142.19
12, 716, 820. 86 39, 019, 382.60
3, 857, 276. 21
35, 340, 025. 82 1,458, 782.93
5, 589, 547.51
25, 069, 662.84
37,469. 25
30, 519, 477.65
13, 659, 317. 38
. 14, 808, 735. 64 34, 784, 932. 89
IL 188. 00
20,782, 410.45
12,479,708.36
31,198, 555 73
L877,181.35
29, 970, 105.80
28, 251.90
29, 699, 967. 74
399. 45 55, 368, 168. 52
28, 872,
30, 656. 66
56, 992, 479.21
21, 256, 700,00
59, 796, 892. 98
28, 588, 750. 00
47, 649, 388 88
4, 045, 950. 00
52, 762, 704.25
203, 400. 00
49, 893, 115.60
46, 300. 00
61, 603, 404.18 103,301. 37
16, 350. 00
73,802, 343 07
2, 001.67
65, 351, 374. 68
800.00
74, 056, 899. 24
200.00
68, 969, 212. 57
900.00
70, 372, 665 96
23,717, 300. 00
81, 773, 965. 64
28, 287, 500. 00
15, 408. 34
76, 841, 407. 83
20, 776, 800.00
41, 861, 709. 74 83, 371, 640.13
529, 692, 460. 50 581; 680, 121. 59
11, no. 81
776,682, 361.57 889, 379, 652. 52
6, 000. 01
128,873, 945.36 393,461, 017. 57
9, 210.40
472,224, 740.85'1 805,939, 345.93
6, 095.11
$361, 391. 34
5,102,498.45
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
$4, 800.00
42,800.00
300. 00
85.79
11, 541. 74
68, 665.16
267, 819.14
412. 62
AND
OXXV
REPORT ON THE
CXXVI
FINANCES.
TABLE K . — S T A T E M E N T OF THE R E C E I P T S OF THE U N I T E D
Balance in
the Treasury at
commencem e n t of y e a r
Customs.
1866
1867
$33,933,657.89
160,817,099. 73
$179, 046, 651. 58
176, 417, 810.88
1868
1869
1870
1871
1872
.1873
1874
1875
1876
1877
1878
1879
1880
I88I
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
198, 076,437. 09
158, 936,082.87
183, 781,985.76
177, 604,116.51
138, 019. 122.15
134,666, 001. 85
159, 293,673.41
178, 833,339. 54
172, 804,061. 32
149,909, 377. 21
214, 887,645. 88
286, 591,453. 88
386, 832,588. 65
231, 940,064.44
280, 607,668. 37
275, 450,903.53
374,189, 081.
424, 941,403.07
521, 794,026.26
526, 848,755.46
512, 851,434.36
659,449, 099. 94
673, 399,118.18
691, 527,403.76
726, 222,332. 60
778, 604,339.28
738, 467,555.07
763,565, 540.75
773, 610,008.76
846, 093,349.62
864, 790,237.71
775, 751,368.11
867, 980,559.46
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, 530. 62
152,158, 617.45
160, 021,751. 67
176, 554,126. 65
149, 575,062. 35
206,128, 481. 75
233,164, 871.16
1900
Internalrevenue.
Direct tax.
$309,226,813.42 $1, 974,754.12
266, 027, 537.43 4, 200, 233. 70
191, 087, 589.
158, 356, 460.
184.899, 756.
143,098,153.
130, 642,177.
113,729, 314.
102, 409, 784.
110, 007, 493.
116,700, 732.
118, 630, 407.
110,581,624.
113, 561, 610.
124, 009, 373.
135, 264, 385.
146, 497, 595.
144,720, 368.
121, 586, 072.
112,498, 725.
116, 805, 936.
118, 823, 391.
124, 296, 871.
130,881, 513.
142, 606, 705.
145, 686, 249.
153, 971, 072.
161, 027, 623.
147, 111, 232.
143,421, 672.
146, 762, 864.
146, 688, 574.
170.900, 641.
273,437,161.
295,327, 926.
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
Public lands. Miscellaneous.
$665, 031.03 $29, 036, 314. 23
1,163, 575. 76 15, 037, 522.15
1, 348,715.41
4,020, 344.34
3, 350,481. 76
2,388, 646. 68
2, 575,714.19
8, 882,312. 38
1, 852,428. 93
1, 413,640.17
1,129, 466. 95
976, 253. 68
1, 079,743. 37
924, 781.06
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
. 1,103,347.16
I, 005,523.43
864, 581.41
I, 243,129. 42
I, 678,246. 81
2,836, 882. 98
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.
20, 585,697.49
21, 978,525. 01
25,154, 850. 98
31,703, 642. 52
30, 796,695.02
21, 984,881;
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, 060.54
23, 614,422. 81
83, 602,501.94
34, 716,730.11
35, 911,170.99
8, 341, 315,802. 92 5, 750, 409, 567. 7328,131, 990.32 297,354, 955. 39 960, 234, 016. 37
a Amount heretofore credited to the Treasurer as
SECRETARY OF T H E TREASURY.
CXXVII
STATES FROM MARCH' 4, 1789, TO J U N E 30, 1900, ETC.—Continued.
Dividends.
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
N e t ordinary Interest.
receipts.
$519,949,564.38
462,846, 679.92
434, 453.
188, 256.
959, 833.
431,104.
694, 229.
177, 673.
941, 090.
020, 771.
066, 584.
000, 642.
446, 776.
322,136.
526, 500.
782, 292.
525, 250.
287, 581.
519, 869.
690, 706.
439, 727.
403, 277.
266, 074.
050, 058.
080, 982.
612,447.
937, 784.
819, 628.
722, 019.
390, 075.
976, 200.
721, 705.
321, 335.
960, 620.
240. 851.
Premiuras.
Receipts
frora l o a n s a n d G r o s s r e c e i p t s .
Treasury
notes.
Unavailable.
$38,083,055. 68 $712, 851, 553. 05 $1,270,884,173.11 $172, 094.29
27, 787, 330. 35 640, 426, 910. 29 1,131,060,920. 56
721, 827.93
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. 221
279. 69
3, 979,
4,029,280.58
405, 776.581
317, 102. 30l
047. 631
1, 505,
no. 00
625,
238,
285,
268,
305,
214,
439,
387,
397,
348,
404,
792,
211,
113,
120,
555,
206,
245,
116,
154,
285,
245,
245,
373,
381,
347,
8, 633,295.71 417,
11,339, 344.62 395,
11,166,246.41 482,
389,
333,
522,
510,
2, 675,918.19
433.20,1,030, 749, 516. 52
081. 06 609, 621, 828. 27 a 2,'676." 73
496. 00| 696,729, 973.63
523.47 652, 092, 468.36| a 3 , 3 9 6 . 1 8
054. OOl 679,153, 921.561 a 18,228.35
017.00 548, 669, 221. 67| a 3,047.80
535.46 744, 251, 291. 52| 12, 691. 40
556. 00 675, 971, 607.10
808.00 691,551, 673.28
749.00 630, 278, 167. 581
201.00 662, 345, 079. 70l
643. 00 066, 634, 827.46|
103.00 545,340, 713. 98
534.00 474, 532, 826. 57
724. oo! 524,470, 974.28
564. 00| 954, 230, 145.95
886. 00 555, 397, 755. 92 a l , 5 0 0 . 0 0
303. O J 568, 887, 009. 38
O
47, 097. 65
850.00 452,754, 577. 06
900. 00 525,844, 177.66
7,997.64
650.00 664,282, 724.761
350.00 632,161, 408.841
650. 00 648,374, 632. 63
*a73Lii
857.75 765, 821, 305. 06
512.00 736, 401, 296.24!
586.00 732,871, 214. 781
223.50 724, 006, 538.46
205. 50 720, 516, 625.23
363.50 820, 852, 810.29
220.00
925.16
920.00 737, 651, 255.20
549,
720.00 738, 451, 340.18
038,
056. 00
, Oil, 798,907. 89
9,720,136.29 15,387,166,469.02 $485,224.45 235,398,107.57 17,040,263,783.09'[32,663,313,584.13 2,714,730.71
unavailable a n d since recovered and charged t o his account.
CXXVIII
BEPORT ON THE
FINANOES.
T A B L E L . — S T A T E M E N T OF E X P E N D I T U R E S OF THE U N I T E D STATES FROM M A R C H 4,
J U N E 30) FROM
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..
1826-.
1827-.
1828..
1829..
1830..
1831..
1832..
1833..
1834..
1835..
1836..
1837..
1838..
1839..
1840..
1841..
1842..
1843 a
1844..
1845..
1846..
1847-.
1848..
1849-.
1850..
1851.1852-.
1853..
1854..
1855..
1856...
1857...
1858-.
1859...
1860...
1861...
1862...
1863...
1864...
War.
$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, 402.46
2,009, 522. 30
2, 466, 946.98
2, 560, 878.77
I, 672, 944.08
1,179, 148.25
822, 055. 85
875, 423. 93
712, 781. 28
I, 224, 355. 38
1, 288, 685.91
2,900, 834.40
3, 345, 772.17
2, 294, 323. 94
2,032, 828.19
11, 817, 798. 24
19,652, 013.02
20, 350, 806.86
14, 794,, 294.22
. 16, 012, 096. 80
8, 004, 236.53
5, 622, 715.10
6, 506, 300. 37
2, 630, •392. 31
4, 461, 291. 78
3,111, 981.48
3, 096, 924.43
3, 340, 939.85
3, 659, 914.18
3, 943, 194. 37
3, 948, 977.88
4,145, 544. 56
4, 724, 291. 07
4,767, 128.88
4,841, 835.55
5, 446, 034. 88
6, 704, 019.10
5, 696, 189.38
5, 759, 156.89
I I , 747, 345. 25
13, 682, 730.80
12,897, 224.16
8, 916, 995. 80
7, 095, 267. 23
8, 801, 610.24
C, 610, 438.02
2,908, 671.95
5,218, 183.66
5,746, 291. 28
10,413, 370. 58
35, 840, 030. 33
27, 688, 334. 21
14, 558, 473. 26
9,687, 024.58
12,161, 965.11
8, 521, 506.19
9, 910, 498.49
II, 722, 282. 87
14, 648, 074. 07
16, 963. 160. 51
19,159, 150. 87
25, 679, 121.63
23,154, 720.53
16, 472, 202. 72
23, OOL 530. 67
389,173, 562. 29
603, 314, 411. 82
690, 391, 048. 66
Navy.,
408.97
410, 562. 03
274, 784. 04
382, 631, 89
1, 381.347. 76
2,858, 081. 84
3,448, 716.03
2, 111,424. 00
915, 561. 87
I. 215,230. 53
1,189, 832. 75
I, 597,500. 00
1, 649,641. 44
1,722. 064.47
1, 884,067. 80
2, 427,758, 80
1, 654,244. 20
1, 965,566, 39
3, 959,365.15
6,446, 600.10
7,311, 290. 60
8, 660,000, 25
3, 908,278. 30
3, 314,598.49
2,953, 695. 00
3, 847,640.42
4, 387,990. 00
3, 319,243. 06
2, 224,458.98
2, 503,765. 83
2, 904,581. 56
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. 251
6,113,896.89!
6, 001,076.97
8, 397,242. 95
3, 727,711.53
6,498, 199.11
6, 297,177.89
013. 92
6, 455,
7, 900,635. 76
9,408, 476. 02
9,786, 705. 92
7, 904,724. 66
8,880, 581. 38
8, 918.842.10
11, 067,789.53
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, 387,1.56. 52
42, 640,353.09
63,261, 235.31
85, 704,963.74
Indians.
Pensions.
$27, 000. 00
13, 648. 85
27, 282. 83
13, 042. 46
23,475. 68
113, 563. 98
62, 396. 58
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, 025.00
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
3l5, 750. 01
477. 005. 44
575, 007.41
380, 781.82
429, 987. 90
724,106. 44
743,447. 83
• 750,624.88
705,084.24
576, 344. 74
622, 262.47
930, 738. 04
1, 352, 419.75
1, 802, 980. 93
1, 003, 953. 20
1,706, 444.48
5, 037, 022. 88
4, 348, 036.19
5, 504,191. 34
2, 528, 917. 28
2,331, 794,
2,514,837.12
1.199, 099. 68
578, 371. 00
1, 256, 532,
1,539,351.35
1, 027, 093. 64
l,430,4n.30
I, 252, 296. 81
1, 374,161. 55
1,663,591.47
2, 829, 801. 77
3, 043, 576. 04
3, 880, 494.12
1, 550, 339. 55
2,772,990.78
2, 644, 263. 97
4, 354, 418. 87
4, 978, 266.18
3, 490, 534. 53
2,991,121.54
2, 865, 481.17
2, 327, 948. 37
3,152,032.70
2, 629, 975. 97
$175, 813. 88
109, 243.15
80, 087.
81, 399. 24
68, 673. 22
100, 843. 71
92, 256. 97
104, 845. 33
95, 444.03
64, 130.73
73, 533, 37
85, 440. 39
62, 902.10
80, 092. 80
81, 854.59
81, 875. 53
70, 500.00
82, 576. 04
87, 833.54
83, 744.16
75, 043.88
91, 402.10
86, 989. 91
90, 164. 36
69, 656.06
188, 804.15
2.97, 374.43
890, 719. 90
2,415, 939. 85
3, 208,376. 31
242, 817. 25
1, 948,199. 40
1, 780,588. 52
1,499, 326. 59
1,308, 810. 57
1, 556,593.83
976, 138. 86
850, 573. 57
949, 594. 47
1, 363,297. 31
1,170, 665.14
1,184, 422.40
4, 589,152.40
3, 364,285.30
1, 954,711.32
2,882, 797. 96
2, 672,162.45
2,156, 057. 29
3,142, 750. 51
2, 603,562.17
2, 388,434. 51
1, 378,931. 33
839, 041.12
2, 032,008.99
2,400, 788.11
i,8n, 097. 56
1, 744,883.63
1, 227,496.48
1, 328,867. 64
1,866, 886. 02
2, 293,377.22
2,401, 858.78
1, 756,306. 20
I, 232,665. 00
1,477, 612. 33
1, 296.229. 65
1, 310,380. 58
1,219, 768.30
1,222, 222. 71
1,100, 802. 32
1, 034,599.73
852, 170.47
1,078. 513. 36
4, 985,473. 90
Miscellaneous.
,$1, 083, 971. 61
4, 672, 664. 38
511, 451.01
750, 350. 74
I, 378, 920. 66
801, 847. 58
1, 259, 422. 62
1,139, 524. 94
1,039, 391. 68
1, 337, 613. 22
1,114, 768.45
1,462, 929. 40
1, 842, 635. 76
2,191, 009. 43
3, 768. 598. 75
2, 890, 137. 01
1,697, 897. 51
1, 423, 285. 61
I, 215, 803. 79
"1,101, 144.98
1,367, 291. 40
1, 683, 088. 21
1,729, 435. 61
2, 208, 029. 70
2, 898, 870. 47
2, 989, 741.17
3, 518, 936.
3, 835, 839. 51
3. 067, 211.41
2, 592, 021. 94
2, 223, 121.54
1,967, 996:24
2, 022, 093
7,155, 308. 81
2,748, 544. 89
2, 600, 177. 79
2, 713, 476. 58
3, 676, 052.64
3, 082, 234. 65
3, 237, 416. 04
3, 064, 646.10
4, 577. 141. 45
5, 716, 245. 93
4, 404, 728. 95
4, 229, 698. 53
5.393, 279. 72
9, 893^ 370. 27
7,160, 664.76
5, 725, 990. 89
5,995, 398. 96
6,490, 881. 45
6, 775, 624. 61
S, 202, 713.00
5,645, 183. 86
5, on, 760. 98
6, 711, 283.89
6,885, 608. 35
5, 650, 851.25
12, 885, 334. 24
16, 043, 763. 36
17, 888, 992.18
17, 504, 171.45
17,463, 068.01
26, 672, 144. 08
24,090, 425.43
31, 794, 038.87
28, 565, 498.77
26,400, 016. 42
23, 797, 544. 40
27,977, 978. 30
23, 327, 287. 69
21,385, 862. 59
23,198, 382. 37
27, 572, 216. 87
a F o r t h e half y e a r from
SECRETARY O F T H E TREASURY.
1789, TO J U N E 30, 1900,
CXXIX
B Y CALENDAR YEARS TO 1843 AND B Y F I S C A L YEARS ( E N D E D
THAT TIME.
Year. Net ordinary ex- Preraiura s.
penditures.
Interest.
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
1843a]
1844
1845
1846
1847
.1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864
$1,177, 863. 03
2, 373,611. 28
2, 097,859.17
2, 752,523. 04
2, 947,059.06
$1, 919,589. 52
5,896, 258.47
1,749, 070.73
3, 545,299. 00
4, 362,541.72
2, 551,303.15
3, 239, 347. 68
3,172, 516.73
2, 955, 875. 90
2, 815,65L41
3, 402,601. 04
4,411, 830. 06
4, 239, 172,16
3, 949, 462, 36
4,185, 048.74
2, 657,114. 22
3. 368,968. 26
3, 369,578. 48
2,557, 074. 23
2, 866,074.90
3,163, 671.09
2, 585,435.57
2, 451,272. 57
3, 599,455. 22
4, 593,239, 04
5,990, 090. 24
7. 822,923. 34
4, 536,282. 55
6,209, 954. 03
5, 211,730.56
5,151, 004. 32
5,126, 073. 79
5,172, 788. 79
4, 922,475. 40
4, 943, 557.93
4, 366, 757.40
3, 975,542. 95
3,486, 071. 51
3, 098,800. 60
2, 542, 843. 23
L 912, 574.93
I, 373,748. 74
772, 561. 50
796. 87
303, 152. 98
202, 863.08
57,
2, 836, 110. 52
4, 651,710. 42
6, 480, 166.72
7,4n, 369. 97
4, 981, 669. 90
3, 737,079. 91
. 4,002,824. 24
4,452, 858. 91
6,357, 234. 62
6, 080.209. 36
4, 984,572. 89
6, 504,338.85
7, 414,672.14
5,311, 082. 28
5, 592,604. 86
17, 829,498. 70
28, 082,396. 92
30,127, 686. 38
26, 953,571. 00
23, 373,432. 58
15,454, 609. 92
13, 808,673. 78
16, 300,273.44
13,134, 530. 57
10, 723,479. 07
9, 827,643. 51
9, 784,154.59|
15, 330,144. 71
11,490, 459. 94
13, 062,316. 27
12, 653,095. 65
13, 296,041.45
12, 641,210. 40
13, 229,533. 33
13, 864,067.90
16, 516,388. 77
22,713, 755.11
18, 425,417. 25
17, 514,950.28
30, 868,164. 04
37, 243,214. 24
33, 849,718. 08
26, 496,948.73
24,139, 920.11
26,196, 840. 29
24, 361,336. 59
11, 256,508. 60
20, 650,108. 01
21, 895, 369. 61
8, 231.43
26, 418, 459. 59
53, 801, 569.37
45, 227, 454.77
39,933, 542.61
82,865.811
37,165, 990. 09
44, 054, 717. 66
69, 713.19
40, 389,-954. 56 170, 063. 42
44, 078, 156. 35 420, 498. 64
51, 967,, 528.42 2,877,818.69
56, 316, 197. 72 872, 047.39
66, 772, 527. 64 385, 372. 90
,
66. 041,, 143. 70 363, 572.39i
72, 330,, 437.17 574, 443. 08
66, 355, 950. 07
60, 056,, 754.71
62, 616, 055.78
456, 379,, 896.81
694, 004, 575. 56
,
811, 283, 679.14
January 1 to J u n e 30, 1843.
FI 1 9 0 0
IX
14, 996.48
399, 833.89
174, 598. 08
284, 977.55
773, 549.85
523, 583. 91
1, 833,452.13
1, 040,458.18
842, 723. 27
1,119, 214.72
2, 390,765.88
3, 565,535. 78
3, 782,393. 03
3, 696,760. 75
4, 000,297. 80
3, 665,832. 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
Public debt.
Gross expenditures.
984.23
693, 050. 25
2, 633,048.07
2, 743, 771.13
2,841, 639.37
2, 577, 126.01
2, 617,250.12
976, 032. 09
1, 706,578.84
1,138, 563.11
2,879, 876. 98
5, 294,235. 24
3,306. 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. 38
7, 065,539. 24'
6,517, 596. 881
9, 064,637.47
9,860, 304. 77
9, 443,173. 29
14, 800,629.48
17,067, 747. 79
I, 239,746. 51
5, 974,412.21
328. 20
21, 822. 91
5, 590,723. 79
10,718, 153.53
3, 912,015. 62
5, 315,712.19
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. 54
3, 656,335.14
654, 912. 71
2,152, 293. 05
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, 685,043.15
13,854, 250. 00
4, 034, 157. 30 18, 737,100. 00
96, 097,322.09
13,190, 344. 84
24, 729, 700. 62 181, 081,635. 07
53, 685, 421.69 430,572, 014.03 1
$3, 797,436.78
8, 962,920. 00
6,479, 977. 97
9, 041,593.17
10,151, 240.15
8, 367,776. 84
8, 625, 877. 37
8,583, 618. 41
11, 002, 390. 97
11, 952,534.12
12, 273,376. 94
13, 270,487. 31
11, 258,983. 67
12, 615,113.72
13, 598,309.47
15, 02L 196. 26
11, 292, 292. 99
16, 762,702.04
13, 867,226.30
13, 309,994.49
13, 592,604.86
22, 279,121.15
39,190, 520. 36
38, 028,230. 321
39, 582,493. 351
48, 244,495. 51
40, 877,646. 04
35,104, 875. 40
24, 004,199.73
21,763, 024. 85
19, 090,572. 69
17, 676,592. 63
15, 314,171.00
31, 898,538.47
23, 585,804.72
24,103, 398.46
22, 656,764.04
25, 459,479.52
25, 044,358. 40
24,585, 28L55
30, 038,446.12
34, 356,698. 06
24, 257,298.49
24, 601,982.44
17, 573,141.56
30, 868,164. 04
37, 265,037.151
39, 455,438. 35
37, 614,936.15
28, 226,533. 81
31, 797,530. 03
32,936,876. 53
12,118, 105.15
33, 642,010. 85
30, 490,408. 71
27, 632,282.90
60, 520,851. 74
60, 655,143.19
56, 386,422.74
44, 604,718. 26|
48, 476,104. 31
46,712, 608. 83|
54, 577,061. 74
75, 473,170. 75
66,164, 775. 96
72, 726,341.57
71, 274,587.37
82, 062, 186.74
83, 678,642. 92
77, 055,125.65
85, 387,313. 08
565, 667,563. 74
899, 815,911. 25
295,541, 114. 86
Balance in .
Treasury at
the end of
the year.
905. 75
783, 444.51
753, 661. 69
1,151, 924.17
516, 442. 61
888, 995. 42
1, 021,899.04
.617, 451.43
2,161,867.77
2, 623,31L 99
3, 295,39L 00
5, 020,697. 64
4, 825,811. 60
4, 037,005. 26
3, 999,388. 99
4, 538, 123. 80
9, 643,850. 07
9, 941,809.96
3, 848,056. 78
2, 672,276. 57
3, 502,305. 80
3, 862,217. 41
5.196, 542.00
1, 727,848. 63
13,106, 592. 88
22, 033,519.19
14, 989,465.48
1,478, 526. 74
2, 079,992. 38
1,198, 461.21
I, 681,592. 24
4, 237,427.55
9, 463,922. 81
1, 946, 597.13
5, 201,650.43
6, 358,686.18
6, 668,286.10
5, 972,435. 81
5,755, 704.79
6, 014,539. 75
4, 502,914.45
2, on,777. 55
11, 702,905.31
8, 892,858.42
•26, 749,803. 96
46, 708.436. 00
37, 327,252. 69
36, 891,196. 94
33.157, 503. 68
29, 963,163.46
111.08
28, 685,979.44
30, 521,284. 74
39,186, 829. 62
36,742, 274. 81
36,194, 959. 65
38, 261,276.43
33, 079,612. 45
29, 416,082. 69
32, 827,753. 31
35,871, 353. 25
40.158, 860. 02
43,338, 901. 09
50, 261,073.41
48, 591,672.13
47, 777,
49,108, 229.80
00
46, 802,855. 22
334.
35,113, 248.60
33,193,
32, 979,530.78
857.83
30, 963,304. 87
46, 965,046.13
36", 523,738.44
134,433,
REPORT
cxxx
ON THE
FINANCES.
T A B L E L . — S T A T E M E N T OF T H E E X P E N D I T U R E S OF T H E
War.
Year.
Navy.
Indians.
Pensions.
UNITED
Miscellaneous.
$1, 030, 690, 400.06 <ftl22. 617. 434. 07
283,154, 676. O J 43,285, 662.00
O
Total
$16, 347, 621. 34
15, 605, 549. 88
$42, 989, 383.10
40, 613,114.17
103, 369, 2 n . 42
a53,286.61
119, 607, 656. 01
a 9 , 737. 87
643,604, 554.33
a718, "69. 52
3, 572, 260, 092. 35' 717, 629, 808. 56
95, 224, 415. 63, 31, 034, Oil. 04
123, 246, 648. 62
25, 775, 502.72
78,501,990.611 20,000,757.97
57,655,675.40,
21,780,229.87
35,799,99L82
19,431,027.21
35, 372,157. 20
21, 249, 809.99
46, 323,138.-31' 23, 526,-256. 79
42,313,927.22
30,932,587.42
41,120,645.98. 21.497.626.27
38,070,888.64
18, 963, 309. 82
37, 082, 735.90
14, 959, 935. 30
17, 365, 301. 37
32,154,147.85
40, 425, 660.73
15,125,126. 84
38,116, 916.22
13, 536, 984. 74
15,686,671.66
40, 466, 460. 55
15, 032, 046. 26
43, 570, 494.19
48, 911, 382. 93
15, 283, 437.17
39, 429, 603. 36
17,292,601.44
42, 670, 578.47
16, 021, 079. 67
34, 324,152.74
13, 907, 887.74
15,141,126. 80
38, 561, 025. 85
16, 926, 437. 65
38,522, 436.11
21,378, 809.31
44, 435, 270. 85
22,006, 206.24
44, 582, 838. 08
26,113, 896. 46
48, 720, 065. 01
29,174,138. 98
46,895, 456. 30
30.136, 084. 43
49,641,773.47
31, 701, 293. 79
54, 567, 929. 85
28, 797, 795.73
51,804,759.13
27,147, 732. 38
50, 830, 920.89
34,56L546.29
48, 950, 267.89
91, 992, 000. 29 .58,823,984.80
03, 942,104.25
229, 841, 254. 47
55, 953, 077.72
134,774, 767.78
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
.15.5.0.59.360.71
3, 295,729. 32
3,568,638,312.28; 717,551,816.39
a3,621,780.07|
a77,992.17
1865
1866
103,422, 498. 03 119, 617,-393. 88 644, 323, 323.85
4, 642, 531. 77 20, 936, 551.71
51,110,223.72
4,100, 682. 32
23. 782, 386. 78
53, 009, 867. 67
7,042,923.06 ' 28,476,62L78
56, 474, 061. 53
3,407,938.15
28, 340, 202.17
53, 237, 461. 56
7,426,997.44
34, 443, 894. 88
60,481,916.23
7, 061, 728.82
60, 984, "57.42
28, 533, 402. 76
7,951,704.88
29, 359, 426. 86 73, 328, n o . 06
6 692,462.09
85,141, 593. 61
9,9 038 did fifi
8. .384.6.56.82
29.4.56.216.22
71, 070, "02, 98
73, 599, 661. 04
5, 966, 558.17
28, 257, 395. 69
5, 277, 007. 22
27,963, 752. 27
58, 926, 532. 53
4, 629, 280. 28
27.137. 019 ns
58,177, "03.57
63,741,555.49
5, 206,109.08
35,121, 482.39
5, 945,457. 09
54,713, 529.76
56, 777,174.44
• 6,514,161.09
64,416, 324. 71
50, 059, 279. 62
9. 736. 747. 40 61, 345,193. 95
57, 219, 750.98
7, 362, 590. 34
66, 012. 573. 64
68, 678, 022. 21
6, 475, 999. 29 . 55,429,228.06
70, 920, 433. 70
6, 552, 494. 63
87, 494, 258. 38
56,102, 267. 49
6, 099,158.17
74,166, 929, 85
63.404, 864. 03
0,194, 522.69
85, 264, 825. 59
75, 029,101.79
6, 249, 307. 87
80, 288, 508. 77
72, 952, 260. 80
6, 892. 207.78
87,624,779.11
80, 664, 064.26
6, 708, 046. 67 106, 936, 855. 07
81, 403, 256.49
8,527, 469. 01 124, 415, 951. 40 110, 048,167.49
11,150, 577. 67 134,583,052.79
99,84L988.61
13, 345, 347. 27 159, 357. 557.87 103, 732, 799.27
10, 293, 481. 52 141,177, 284. 96 101,943,884.07
9,939, 754. 21 141,395,228.87
93, 279, 730.14
12,165, 528. 28 139,434, 000. 98
87, 216, 234.62
13, 016, 802.46 141, 053,164. 63
90, 401, 267. 82
10, 994, 667.70 147, 452, 368. 61
96,520,505.17
12,805,711.14 139,394, 929. 07 119,191,255.90
10,175,106.76 140, 877.316. 02 105, 773,190.16
5, 537,162, 470. 69 1,567, 836, 234.74
368, 358, 217.17 2, 658, 614, 842.30 3, 266, 450,151. 24
a Outstanding
The
NOTE. -^This statement is made from warrants paid by the Treasurer up to June 30, 1866.
SECRETARY
STATES FROM
Year.
MARCH
4,
1789,
OF
TO J U N E
N e t o r d i n a r y exPreraiums.
penditures.
1865 $1, 217, 704,199.28 $1, 717, 900.11
385,954,73L43
58, 476. 5ll
1866
THE
30,
Interest.
1900,
TREASURY.
CXXXI
ETC.—Continued.
Public debt.
Gross expenditures.
Balance in
Treasury at
t h e e n d of
the year.
$77, 395, 090. 30 $609, 616,141. 68 $1, 906, 433, 331. 37 $33, 933, 657. 89
133, 067, 624. 91 620, 263, 249.10 1,139, 344, 081.95 165, 301, 654. 76
5,152,771, 550.43 7, 611,003. 56, 502,689, 519. 27i2, 374, 677,103.12 8, 037, 749,176. 38 •
a 100.31 a 54, 484, 555. 03 a 4, 484, 555. 03
a 4,481, 566.24
a 2, 888.48
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
5,157, 253,116. 67 7,611,003.56:
202, 947, 733. 87 10, 813, 349. 38
229, 915, 088. 11 7, OOI, 151. 04'
190, 496, 354. 95 1, 674, 680. 05'
164, 421, 507. 15 15, 996, 555. 60
157, 583,827. 58 9, 016, 794. 74:
153, 201, 856. 19 6,958,266.76
180, 488, 636. 90 5,105, 919. 99
194, 118, 985. 00 1, 395, 073. 55
171, 529, 848. 27
164, 857, 813. 36
144, 209, 963. 28
134, 463, 452. 15
161, 619, 934. 531
169, 090, 062. 25| 2, 795, 320. 421
177, 142,897. 63 1,061,248.78
186, 904, 232. 7 8 206, 248, 006. 29 189, 547, 865. 85 208, 840, 678. 6 4 .
191, 902, 992. 53
220, 190, 602. 72'
214, 938, 951. 20| 8,270,842.461
240, 995,131. 3117, 292,362. 65
261, 637, 202. 55 20, 304, 224.06
317, 825, 549. 37,10,401, 220. 61
321, 645, 214. 35
356, 213,562. 3l!
339, 683, 874. 19:
325, 217, 268. 08j
316, 794, 417.
327, 983, 049.
405, 783, 526.
565, 175, 254.
447, 553, 458.
33,147, 054. 81
502,
143,
140,
130,
129,
125,
117,
104,
107,
103,
100,
97,
102,
105,
95,
82,
71,
59,
54,
51,
50,
47,
44,
41,
36,
37,
23,
27,
27,
30,
35,
37,
37,
39,
40,
407. 75|
591.91
045.71
242. 80
498. ool
565.93
839.72
688. 44
815. 21
544. 57
271. 231
511.581
874. 65,
949. 00,
575.11
741.181
206. 79
131.25
378. 48
256. 47|
145. 9'
577. 251
007.47
484.29
284. 05^
135. 37
116. 23
392.18|
405. 64
030. 21
028.93
n o . 481
056. 23
925. 02
333.27
, 374, 677, 203.43
735, 536, 980.11
692, 549, 685. 88
261, 912, 718.31
393, 254, 282.13
399, 503, 670. 65
405, 007, 307. 54
233, 699, 352. 58
422, 065, 060. 23
407, 377, 492.481
449, 345, 272. 80
323, 965, 424.05
353, 676, 944.90
699,445
•.16
432, 590, 280. 4li
165,152, 335.051
271, 646, 299. 55
590, 083, 829. 9b
260, 520, 690.50
211,760, 353.43
205, 216, 709.36
271,901, 321.15
249, 760, 258. 05
318, 922, 412.35
312, 206, 367. 50
365, 352. 470. 87
338, 995, 958.98
389, 530, 044. 50
33L383, 272.95
354,276, 858. 93
396,190, 023.35
353,180, 877.50
384, 219, 542.00
341,149, 968. 98
365,582, 271. 251
042,
093,
069,
584,
702,
691,
682,
524,
724,
682,
714,
565,
590,
966,
700,
425,
529,
855,
504,
471,
447,
539,
517,
618,
630,
731,
684,
773,
698,
710,
748,
718.
827,
946,
731. 41 160, 817, 099. 73
655. 27 198, 076, 537. 09
970. 74! 158, 936, 082.87
996.11 183, 781, 985. 76
842.88' 177, 604,116. 51
858.90 138, 019,122.15
270. 21 134, 666, 001. 85
597.911 159, 293, 673.41
933. 99 178, 833, 339. 54
885. 32 172,804,061.32
357.39 149,909,377.21
898.91! 214, 887, 645.88 '
271. 70| 286, 591, 453. 88
692.69 386; 832, 588. 65
238.19 231, 940, 064. 44
222. 64 280, 607, 668. 37
739.12 275, 450, 903. 53
967. 50 374,189, 081. 98
934. 83 424, 941,403. 07
288. 54 521, 794, 026.26
847. 86 526, 848, 755.46
501.12 512, 851, 434. 36
059.18 659, 449, 099. 94
390. 60 673, 399,118.18
078.16 691, 527,403. 76
376.22 726, 222, 332.60
289.56 778, 604,339. 28
998. 99 738, 467, 555. 07
552. 78 763, 565, 540. 75
157. 22 773,610,008.76
469.43 846, 093,349. 62
037.07 864, 790, 237. 71
124.80 775,751, 368.11
148. 83| 867, 980, 559.46
117.77 1,059,336,349.58
13,398,421,916,14 158,845,068.46 2, 982, 356,168. 37 15,061,639,350.871 31,601,262,503.84
warrants.
outstanding warrants are then added, and the stateraent is by warrants i,
from that date.
REPORT
CXXXII
ON THE
FINANCES.
T A B L E M . — S T A T E M E N T SHOWING THE AMOUNTS OF M O N E Y . I N THE U N I T E D STATES,
IN
THE
TREASURY
AND
IN
CIRCULATION,
ON
THE
DATES
SPECIFIED.
J U L Y 1, 1860.
[ P o p u l a t i o n , 31,443,321; c i r c u l a t i o n p e r c a p i t a , $13.85.]
l in T e a
G e n e r a l s t o c k H e yd as a srs e ts ur
s
of m o n e y in
of t h e G o v e r n United States.
raent.
A r a o u n t iu
circulation.
$235,000,000
207,102, 477
,$6,695,225
$228, 304, 775
207,102, 477
442,102, 477
6, 695, 225
435, 407, 252
$250,000,000
202, 005, 767
$3, 600, 000
$246,400, 000
202, 005,767
452, 005,767
Specie
State-bank notes
3, 600, 000
448, 405,767
J U L Y 1, 1861.
[ P o p u l a t i o n , 32,064,000; c i r c u l a t i o n p e r c a p i t a , $13.£
Specie
State-bank notes .
J U L Y 1, 1862.
[ P o p u l a t i o n , 32,704,000; c i r c u l a t i o n p e r capita, $10.23.]
$183, 792, 079
96, 620, 000
53, 040, 000
$23,754, 335
$183, 792, 079
72, 865, 665
53, 040, 000
333,452, 079
United States notes
Deraand notes
23,754,335
309,697, 744
25,000,000
A d d • Specie in c i r c u l a t i o n on t h e Pacific c o a s t
334, 697, 744
J U L Y 1, 1863.
[ P o p u l a t i o n , 33,365,000; c i r c u l a t i o n p e r capita, $17.84.]
$20,192,456
238, 677, 218
387, 646, 589
3, 351, 020
Fractional currency.
State-bank notes
United States notes .
Demand notes
$4, 3.08, 074
75,165,171
649, 867, 283
$15, 884, 382
238, 677,218
312,481,418
3, 351,020
570,394, 038
25, 000,000
A d d : Specie i n c i r c u l a t i o n on t h e Pacific c o a s t .
595, 394, 038
J U L Y 1, 1864.
[ P o p u l a t i o n , 34,046,000; c i r c u l a t i o n p e r c a p i t a , $19.67.]
..
..,
A d d : Specie i n c i r c u l a t i o n on t h e Pacific c o a s t
$22, 894, 877
179,157,717
447, 300, 203
31, 235,270
$3,762, 376
680, 588, 067
State-bank notes
United States notes
National-bank notes
35, 946,589
32,184, 213
$19,132, 501
179,157,717
415,115, 990
31, 235, 270
644, 641, 478
25, 000, 000
669, 641, 478
SECRETARY OF T H E TREASURY.
CXXXIIl
T A B L E M . — S T A T E M E N T SHOWING THE AMOUNTS OF IMONEY IN THE U N I T E D STATES,
IN THE TREASURY AND "IN CIRCULATION, ON THE D A T E S SPECIFIED—Continuedi
JULY 1, 1865.
[Population, 34,748,000; circulation per capita.
).57.]
in TreasGeneral stock Held as assets
ury
of money in
United States. ofthe Governmeut.
Fractional currency..
State-bank notes
United States notes ..
National-bank notes .
$25, 005, 829
142, 919, 638
431, 066, 428
146,137, 860
$3, 277,074
745,129, 755
55, 426, 760
Add: Specie in circulation on the Pacific coast.
52,149, 686
Amount in
circulation.
$21, 728, 755
142,919,638
378,916,742
146,137,860
689, 702, 995
25, 000, 000
714, 702,995
J U L Y 1, 1866.
[Population, 35,469,000; circulation per capita, $18.99.]
State-bank notes
Fractional currencv
United States notes
1^ ational-bank notes
.
$19, 996,163
27, 070, 877
400, 780, 306
281, 479, 908
Add: Specie in circulation on the Pacific coast
$2, 383, 814
72, 988, 001
5,467,195
$19, 996,163
24, 687, 063
327, 792, 305
276, 012, 713
729, 327, 254
.
.
80, 839, 010
648,488, 244
25, 000, 000
673, 488, 244
JULY 1, 1867.
[Population, 36,211,000; circulation per capita, $18.28.]
StrttB-haiiTr notftfl
Fractional currency
United States notes
National-bank notes
. •.
$4, 484,112
28, 307, 524
371. 783, 597
298,625,379
$4,484,112
26, 306, 294
319, 437, 702
286,763, 961
703,200,612
Add: Specie iu circulation on the Pacific coast
$2, 001, 230
52, 345, 895
n,86L416
66, 208, 543
636,992, 069
25, 000, 000
661, 992, 069
J U L Y 1, 1868.
[Population, 36,973,000; circulation percapita, $18.39.]
$3,163,771
32, 626, 952
356, 000, 000
299, 762, 855
Add: Specie in circulation on the Pacific coast .
$3, 627, 600
27, 428, 335
5,393, 982
$3,163, 771
28, 999, 352
328, 571, 665
294,368,873
691, 553, 578
State-bank notes
Fractional currency..
United States notes..
National-bank notes .
36,449, 917
655,103, 661
25, 000, 000
680,103,661
J U L Y 1, :
[Population, 37,756,000; circul ation per capita $17.60.]
State-bank notes
Fractional currency
United States notes
National-bank notes
'
.....
Add: Specie in circulation on the Pacific coast
$2, 558, 874
32,114,637
355, 935,194
299, 742, 475
$1,672,398
41,233,100
7, 992, 791
$2, 558, 874
30, 442, 239
314, 702, 094
291,749, 684
690, 351,180
50, 898,289
639, 452,891
25, 000, 000
664,452,891
REPORT ON T H E FINANCES.
CXXXIV
TABLE IM.—STATEMENT SHOWING THE AMOUNTS OF ]MONEY I N T H E U N I T E D STATES,
IN THE TREASURY AND IN CIRCULATION, ON T H E D A T E S SPECIFIED—Continned.
J U L Y 1, 1870.
[Population, 38,558,371; circulation per capita, $17.50.]
In TreasGeneral stock. Held as assets
ury
of money in
of the GovernUnited States.
raent.
State-bank notes
Fractioual currency..
United Statesnotes..
National-bank notes :
$2, 222, 793
39, 878, 684
356,000, 000
299, 766, 984
Add: Specie in circulation oh tbe Pacific coast.
$5, 499,402
31, 037, 362
11,118, 903
697,868, 461
47, 655, 667
J U L Y 1, 1871.
[Population, 39,555,000; circulation per capita, $18.10.]
$1, 968,058
40, 582, 875
356, 000, 000
318,26L241
$6,136, 570
12, 931, 030
6, 855, 569
716, 812,174
Fractional currency
United States notes
National-bank notes
25, 923,169
A d d : S p e c i e i n c i r c u l a t i o n o n t h e Pacific c o a s t
$1,968, 058
34, 446, 305
343, 068, 970
311, 405, 672
690, 889, 005
25. 000, 000
715, 889,005
J U L Y 1, 1872.
[Population, 40,596,000; circulation per capita,.$18.19.]
$1, 700, 935
40, 855,835
357, 500, 000
337,664,795
. -
$4, 452, 906
I1,33L320
8, 627, 790
$1, 700, 935
36,402, 929
346,168, 680
329,037, 005
737,721,565
State-bank notes
Fractional currencv
United States n o t e s . . .
National-bank notes
24, 412, 016
713,309, 549
25, 000,000
A d d • Specie i n c i r c u l a t i o n on t b e Pacific c o a s t
738, 309, 549
a
J U L Y 1, 1873.
[Population, 41,677,000; circulation per capita, $18.04.]
$1, 379,184
44, 799, 365
356, 000, 000
347, 267, 061
State bank notes
Fractional currency.
United States notes.
National-bank notes.
Add: Specie in circulation on the Pacific coast -
$6, 723, 360
7, 535, 855
8, 304, 586
749, 445, 610
22, 563, 801
J U L Y 1, 1874.
[ P o p u l a t i o n , 42,796,000; c i r c u l a t i o n p e r c a p i t a , $18.13.]
.
.
.
A d d : Specie i n c i r c u l a t i o n on t h e Pacific c o a s t
$1,162,453
45,881,296
• 382, 000, 000
351, 981, 032
$7, 647,714
10,578,548
11, 715, 488
781, 024, 781
Fractional currency
Uuited States notes
National-bank notes
29, 941, 750
$1,162. 45:{
38, 233, 582
371 421, 452
340,265,544
751,083,031
25,000, 000
776, 083, 031
SECRETARY OP T H E TREASURY.
CXXXV
T A B L E IVI.—STATEMENT SHOWING T H E AMOUNTS OF IMONEY I N T H E U N I T E D STATES,
IN THE T R E A S U R Y AND I N CIRCULATION, ON THE D A T E S SPECIFIED—Continued.
J U L Y 1, 1875.
[ P o p u l a t i o n , 43,951,000; c i r c u l a t i o n p e r c a p i t a , $17.16.]
Held in TreasGeneral stock u r y as assets
pf m o n e y i n o f t h e G o v e r n United States.
ment.
State-bank notes
Fractional currency.
United States notes .
National-bank notes.
$964, 497
42,129, 424
375, 771, 580
354, 408, 008
$4, 224,854
26, 085, 245
13, 861,463
773, 273, 509
44,171, 562
A d d : Specie i n c i r c u l a t i o n on t h e Pacific c o a s t .
Amount in
circulation.
$964, 497
37, 904, 570
349, 686, 335
340,^546,545
729,101, 947
25, 000, 000
754,101, 947
J U L Y 1, 1876.
[ P o p u l a t i o n , 45,137,000; c i r c u l a t i o n p e r c a p i t a , $16.12.]
United States notes
National-bank notes
-
$1,047,335
27, 418,734
34,446, 595
369, 772, 284
332,998, 336
$6,363, 606
1, 507, 750
38. 324, 906
16, 877, 634
765, 683, 284
State-bank notes
Subsidiary silver
63, 073, 896
Add: Specie in circulation on tbe Pacific coast
$1,047, 335
a 21,0,55 128
32,938,845
331, 447, 378
316,120,*702
702, 609, 388
25, 000, 000
727,609, 388
a T h e a m o a n t of s u b s i d i a r y s i l v e r i n c i r c u l a t i o n , a c c o r d i n g t o t h e r e c o r d s of t h e D e p a r t m e n t , w a s
$26,055,128, b u t for t h e s a k e of u n i f o r m i t y $5,000,000 of t h i s a m o u n t is d e d u c t e d a n d s t a t e d a s a p a r t of
t h e specie i n c i r c u l a t i o n on t h e Pacific coast, a s heretofore.
J U L Y 1, 1877.
[ P o p u l a t i o n , 46,353,000; c i r c u l a t i o n p e r c a p i t a , $15. 58.]
$40,837, 506
20, 403,137
359, 764,332
317,048, 872
$2, 952, 653
161,476
2L 864, 988
15, 759,847
$37, 884,853
20,241,661
337,899, 344
301, 289, 025
738, 053, 847
S u b s i d i a r y silver
Fractional currency.
United States notes National-bank notes.
40,738, 964
697,314,883
25, 000, 000
A d d : Specie i n c i r c u l a t i o n on t h e Pacific c o a s t -
722, 314,883
J U L Y 1, 1878.
[ P o p u l a t i o n , 47,598,000; c i r c u l a t i o n p e r c a p i t a , $15.32.]
A d d : Specie i n c i r c u l a t i o n o n t h e Pacific c o a s t .
$16,269, 079
$15, 052, 748
60, 778, 828
16, 547, 769
346, 681, 016
324,514,284
6, 860, 506
180, 044
25, 775,121
12, 789, 923
764,790, 970
Standard silver dollars.
Silver certificates
Subsidiary silver
Fraotiomat c u r r e n c y
United States notes —
National-bank notes —
60, 658, 342
$1,209, 251
7,080
53,918,322
16, 367, 725
320,905, 895
311, 724, 361
704,132, 634
25,000, 000
729,132,634
REPORT ON T H E FINANCES.
CXXXVI
T A B L E INI.—STATEMENT SHOWING T H E AMOUNTS OF M O N E Y I N T H E U N I T E D S T A T E S ,
IN T H E T R E A S U R Y AND I N CIRCUL.-VTION, ON T H E D A T E S S P E C I F I E D — C o n t i n u e d .
J U L Y 1, 1879.
[ P o p u l a t i o n , 48,866,000; c i r c u l a t i o n p e r c a p i t a , $16.75.]
Held in TreasGeneral stock ury as assets
of m o n e y i n o f t h e Go v e r n United States.
A m o u n t in
circuiatiou.
$245, 741, 837
$119, 956, 655
41, 276, 356
32,825,437
70, 249, 985
346, 681, 016
329, 691, 697
8, 903, 401
45,036, 904
8,286, 701
$110, 505, 362
15, 279,820
8, 036, 439
414, 480
61,346,584
301, 644,112
321, 404, 996
1, 033, 640, 891
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y .
Gold certificates
Standard silver dollars,
Silver certificates
Subsidiary silver
United States notes
National-bank notes
215,009,098
818, 631, 793
J U L Y 1, 1880.
[ P o p u l a t i o n , 50,155,783; c i r c u l a t i o n p e r capita, $19.41.]
$351,841,206
$118,181, 527
69,660,408
43, 760, 282
72, 862,270
346, 681, 016
344, 505, 427
24, 350, 482
18, 785, 559
7,090, 249
$225, 695, 779
7,963, 900
20, n o , 557
5, 789, 569
48, 511, 788
327, 895, 457
337,415,178
1,185, 550, 327
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y G o l d certificates
S t a n d a r d s i l v e r dollars
S i l v e r certificates
Subsidiary silver
United States notes
National-bank uotes
212,168, 099
973, 382, 228
J U L Y 1, 1881.
[ P o p u l a t i o n , 51,316,000, c i r c u l a t i o n p e r c a p i t a , $21.71.^
$478, 484, 538
$157, 412,141
95, 297, 083
26,843,942
74, 087, 061
346, 681, 016
355, 042, 675
27, 247, 697
18, 554, 092
5, 296, 382
$315, 312, 877
5, 759, 520
29, 342, 412
39, n o , 729
46, 839, 364
328,126, 924
349, 746, 293
1, 349, 592, 373
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y Gold certificates
Standard silver dollars
S i l v e r certificates
Subsidiary silver
United States notes
N a t i o n a l - b a n k notes
235, 354, 254
1,114,238,119
J U L Y 1, 1882.
[ P o p u l a t i o n , 52,495,000; c i r c u l a t i o n p e r capita, $22.37.]
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y
Gold certificates
S t a n d a r d s i l v e r dollars
Silver certificates
Subsidiary silver
1..
United States notes
National-bank notes
$506, 757, 715
$143,477, 370
122, 788, 544
35, 878, 634
74,428, 580
346, 681, 016
358,742, 034
28, 048, 631
21,425,589
6, 277, 246
$358,251, 325
5, 029, 020
32,403, 820
54,506 090
46, 379, 949
325, 255.427
352, 464, 788
1, 409, 397, 889
235,107,470
1,174, 290,-419
J U L Y 1, 1883.
[ P o p u l a t i o n , 53,693,000; c i r c u l a t i o n p e r c a p i t a , $22.91.]
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y
Gold certificates
Standard silver dollars
S i l v e r certificates
Subsidiary silver
United States notes
National-bafik n o t e s
$542, 732, 063
.$138, 271,198
152,047,685
43,775, 549
74, 960, 300
346, 681, 016
356,073, 281
28, 486, 001
23, 438, 839
8, 217, 062
1, 472, 494, 345
242,188, 049
$344, 653, 495
59,807, 370
35, 651, 450
72, 620, 686
46 474 299
323, 242,177
347,856, 219
1,230,305,696
SECRETARY
OF T H E TREASURY.
CXXXVII
T A B L E M . — S T A T E M E N T SHOWING THE AMOUNTS OF IMONEY I N T H E U N I T E D STATES,
IN THE T R E A S U R Y AND I N CIRCULATION, ON T H E D A T E S SPECIFIED—Continued.
J U L Y 1, 1884.
[ P o p u l a t i o n , 54,911,000; c i r c u l a t i o n p e r c a p i t a , $22.65.]
Held in TreasGeneral stock ury as assets
of m o n e y i n
of t h e GovernUnited States.
ment.
A m o u n t in
circulation.
$545, 500, 797
$133, 729, 954
180, 306, 614
43,189,403
75, 261, 528
346, 681,016
339,499, 883
29, 600, 720
27, 993, 802
8, 809, 990
$340, 624, 203
71,146, 640
40, 690, 200
96,427, o n
45, 660, 808
318,687, 214
330, 689, 893
1, 487, 249, 838
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y
Gold certificates
S t a n d a r d s i l v e r dollars
S i l v e r certificates
Subsidiary silver
United States notes
National-bank notes..
243, 323, 869
1, 243, 925, 969
J U L Y 1, 1885.
[ P o p u l a t i o n , 56,148,000; c i r c u l a t i o n p e r capita, .$23.02.]
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y
Gold certificates
S t a n d a r d s i l v e r dollars
S i l v e r certificates
S u b s i d i a r y silver
United States notes
National-bank notes
$588, 697, 036
$120, 298, 895
208, 538,967
67, 921, 052
74, 939, 820
346, 681, 016
318, 576, 711
31, 236,899
15,462,379
9,945, 710
$341, 668,411
126, 729,730
39,086,969
101, 530,946
43, 702, 921
331,218,637
308, 631, OOI
1,537,433,550
244, 864, 935
1, 292, 568, 615
J U L Y 1, 1886.
[ P o p u l a t i o n , 57,404,000; c i r c u l a t i o n p e r c a p i t a , $21.82.]
*
$590, 774,461
$156,510,511
237,191,906
96, 407, 058
75, 060,937
346, 681, 016
311, 699, 454
28, 886, 947
22,868, 317
4, 034, 416
$358, 219, 575
76,044,375
52, 668, 623
88,116, 225
46,173, 990
323,812, 699
307, 665, 038
1, 561,407, 774
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y .
Gold certificates
Standard silver dollars
S i l v e r certificates
Subsidiary silver
United States notes
National-banknotes
308,707, 249
1, 252,700, 525
J U L Y I, 1887.
[ P o p u l a t i o n , 58,680,000; c i r c u l a t i o n p e r c a p i t a , $22.45.]
$186, 754, 217
79, 779. 029
75, 547, 799
346, 681, 016
279,217, 788
26,963,934
20, 013, 797
2,362, 585
$376, 540, 681
91, 225, 437
55, 548,721
142,118, 017
48, 583, 865
326, 667, 219
276, 855, 203
1, 633,412, 705
S t a n d a r d silver d o l l a r s
S i l v e r certificates
Subsidiarv silver
United States notes
National-bank notes
$654,520, 335
277, 445, 767
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y
315,873,562
1, 317, 539,143
J U L Y 1, 1888.
[ P o p u l a t i o n , 59,974,000; c i r c u l a t i o n p e r c a p i t a , $22.88.]
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y
Gold certificates
^
Standard silver dollars
S i l v e r certificates
.
Subsidiary silver
United States notes
National-banknotes
$705," 818, 855
$193, 610,172
310,166,459
53, 879, 400
76,406,376
346, 681, 016
252,368, 321
26,044, 062
38, 680, 976
7,055, 541
$391,114. 033
121, 094, 650
55, 527, 396
200, 759, 657
50,362. 314
308,000, 040
245, 312, 780
1, 691, 441,027
319, 270.157
I, 372,170, 870
REPORT ON T H E FINANCES.
CXXXVIIl
TAHLE IVI.—STATEMENT SHOWING THE AMOUNTS OF JVIONEY I N THE U N I T E D S T A J E S ,
IN THE TREASURY AND I N CIRCULATION, ON T H E D A T E S SPECIFIED—Continued.
J U L Y 1, 1889.
[ P o p u l a t i o n , 61,289,000; c i r c u l a t i o n p e r c a p i t a , $22.52.]
General stock Held in Treasu r y as assets
of m o n e y i n
U n i t e d S t a t e s . of t h e G o v e r n ment.
Amount in
circulation.
$680, 063,505
$186,451, 708
343, 947, 093
32, 334, 229
76, 601,836
346, 681, 016
211,378,963
25,124, 672
30, 241, 825
4,158, 330
.$376, 481, 568
117,130,229
54, 457, 299
257,155,565
51,477,164
316,439,191
207, 220, 633
L 658, 672, 413 I
Gold coin, i n c l u d i n g b u l l i o n J n T r e a s u r y .
Gold certificates
Standard silver dollars
Silver certificates -.
Subsidiary silver
United.States notes
National-bank notes
278,310,764
1,380, 361, 649
J U L Y 1, 1890.
[ P o p u l a t i o n , 62,622,250; c i r c u l a t i o n p e r capita, $22.82.]
$695,563,029
$190, 473, 247
380,083, 304
26, 248, 317
76,825,305
346, 681, 016
185, 970, 775
22, 792, 718
11,992,039
4, 365, 838
$374, 258, 923
130, 830, 859
56, 278, 749
297, 556, 238
54, 032, 587
334, 688, 977
181, 604, 937
1, 685,123, 429
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y Gold certificates
S t a n d a r d s i l v e r doUars
Silver c e r t i ficates
Subsidiary silver
United States notes
National-bank notes
255, 872,159
1, 42C, 251,270
J U L Y 1, 1891.
[ P o p u l a t i o n , 63,844,000; c i r c u l a t i o n p e r c a p i t a , $23.45.]
$646, 582, 852
$119, 200, 620
"388," 525," 085'
22, 462, 940
77, 848, 700
50, 228,417
346,681,016
167,927, 974
19, 629,480
9, 879, 713
3,473,656
5, 706, 928
$407, 319,163
120,063, 069
58,826,179
307, 235, 966
58, 219, 220
40, 348, 704
343, 207, 360
162, 221, 046
1, 677, 794, 044
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y .
Gold certificates
S t a n d a r d s i l v e r dollars
Silver certificates
Subsidiary silver
T r e a s u r y ' n o t e s of 1890
United States notes
National-bank notes
180. 353,337
1,497,440, 707
J U L Y 1, 1892
[ P o p u l a t i o n , 65,086,000; c i r c u l a t i o n p e r c a p i t a , $24.60.]
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y .
Gold certificates
Standard silver dollars
S i l v e r certificates
Subsidiary silver
T r e a s u r y n o t e s of 1890
United States notes
C u r r e n c y certificates, a c t J u n e 8,1872
National-bank notes
$664, 275, 335
$114, 612, 892
389, 345,447
5,834, 520
77,521, 478
101,712,071
346, 681, 016
14, 227, 774
3,453, 379
7, 281,112
172,683, 850
5,462, 333
$408, 568, 824
141, 093, 619
56, 817.462
326, 693,465
63, 293, 704
98, 258, 692
309, 559,904
29, 840, 000
167, 221,517
1,752, 219,197
150, 872, 010
1, 601, 347,187
CXXXIX
SECRETARY OF T H E TREASURY.
T A B L E M . — S T A T E M E N T SHOWING T H E AMOUNTS OF M O N E Y I N T H E U N I T E D STATES,
IN T H E T R E A S U R Y AND I N CIRCULATION, ON T H E D A T E S SPECIFIED—Continued.
J U L Y I , 1893.
[ P o p u l a t i o n , 66,349,000; c i r c u l a t i o n p e r capita, $24.06.]
General stock Held in Treasu r y as assets
of m o n e y i n
of t h e GovernUnited States.
rnen t.
$597, 097, 685
$96,519, 833
"39i,'110^549'
7, 357, 028
77,415,123
147,190, 227
346, 681, 016
11,945, 257
6, 334, 613
15, 906, 590
Amount in
circulation.
178, 713,872
4,043, 906
$408, 535, 663
92, 642,189
56, 929, 673
326.823, 848
65, 469, 866
140,855,614
319, 059, 426
n , 715, 000
174, 669,966
1,738,808,472
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y
Gold certificates
S t a n d a r d s i l v e r dollars
S i l v e r certificates
Subsidiary silver
T r e a s u r y n o t e s of 1890
United States notes
C u r r e n c y certificates, a c t J u n e 8,1872
National-bank notes
142,107, 227
1, 596,701,245
. J U L Y 1, 1894.
[ P o p u l a t i o n , 67,632,000; c i r c u l a t i o n p e r c a p i t a , $24.56.]
$627, 293, 201
$64, 976, 622
395,415,615
15, 860, 217
76, 249,925
152,584,417
346, 681, 016
17, 738, 968
17,902, 988
21,156, 414
206,854,787
6, 635, 044
.$495, 976, 730
66, 339, 849
52, 564, 662
326, 990, 736
-58, 510,957
134, 681, 429
266, 589, 602
58, 935,000
200, 219, 743
1, 805,078, 961
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y .
Gold certificates
Standard silver dollars
Silver certificates
Subsidiary silver
T r e a s u r y n o t e s of 1890
United States notes
C u r r e n c y certificates, a c t J u n e 8,1872
National-bank notes
144,270, 253
1. 660, 808,708
J U L Y 1, 1895.
[ P o p u l a t i o n , 68,934,000; c i r c u l a t i o n p e r c a p i t a , $23.24.]
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y .
Gold certificates
Standard silver dollars
Silver certificates
Subsidiary silver
T r e a s u r y n o t e s of 1890
United States notes
C u r r e n c y certificates, a c t J u n e 8,1872
Nationai-bank notes
$636, 256, 023
$108, 236, 753
401, 688, 649
30,079, 665
76, 954, 434
146,088, 400
346, 681, 016
16, 604, 420
30,145,231
27, 587, 031
211, 691, 035
4, 737, 984
$479, 637,961
48, 381, 309
51, 986, 043
319, 622,941
60. 350,014
115, 943,169
263, 648, 985
55, 445,000
206, 953,051
1, 819, 359, 557
217, 391, 084
1,601, 968,473
. J U L Y 1, 1896.
[ P o p u l a t i o n , 70,254,000; c i r c u l a t i o n p e r c a p i t a , $21.44.]
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y .
Gold certificates
Standard silver dollars
S i l v e r certificates
Subsidiary silver.
T r e a s u r y n o t e s of 1890
United States notes
C u r r e n c y certificates, a c t J u n e 8,1872
National-bank notes
$599, 597, 964
$102, 494,781
226, 000, 547
10, 832,425
$454, 905.064
42. 198,119
52, 116,904
330, 657, 191
60, 204, 451
95, 045,247
224, 249, 868
31, 890, 000
215, 168,122
1,799,975, 033
293,540, 067
1,506,434,966
422,040, 719
39, 266, 624
75, 971,507
129, 683, 280
346,681,016
15, 767, 056
34, 638, 033
90,541,148
REPORT Oif T H E FINANCES.
CXL
T A B L E IVl.—STATEMENT SHOWING T H E AMOUNTS OF IVIONEY I N T H E U N I T E D STATES,
IN T H E T R E A S U R Y AND I N CIRCULATION, ON THE D A T E S SPECIFIED—Continued.
J U L Y 1. 1897.
[ P o p u l a t i o n , 71,592,000; c i r c u l a t i o n p e r c a p i t a , $22.91.]
General stock
coined or
issued.
In Treasury.
$696, 239, 016
$141, 363, 989
441, 722, 904
"*"3i,'933,'3ii
75, 818, 369
114, 867, 280
346,681,016
16, 201, 960
31, 397, 763
39, 766, 394
A m o u n t in
circuiatiou.
230,668,034
5,123, 683
$517, 589, 688
37, 285, 339
51, 940, 281
357, 849, 312
59, 616, 409
83,469, 517
245, 954, 622
60, 960, 000
225, 544, 351
1,905, 996, 619
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y .
Gold certificates
Standard silver dollars
S i l v e r certificates
Subsidiary silver
T r e a s u r y n o t e s of 1890
United States notes
C u r r e n c y certificates, a c t J u n e 8, 1872
National-bank notes
,
265,787, IOO
1,640,209,519
• J U L Y 1, 1898.
[ P o p u l a t i o n , 72,947,000; c i r c u l a t i o n p e r c a p i t a , $25.19.]
$861, 514, 780
$167, 752, 728
460,143,579
""ii,"534,'i03'
76,127, 610
101, 207, 280
346, 681,016
12, 070, 690
2, 900, 843
36, 546, 994
227, 900,177
4, 909,189
. $657, 950,463
35, 811, 589
58,482, 966
390,126,510
64,056,920
98, 306, 437
284, 569, 022
25, 565, 000
: 222, 990, 988
2, 073, 574, 442
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y .
Gold certificates
Standard silverdollars
Silver certificates
Subsidiary silver
T r e a s u r y n o t e s of 1890
United States notes
C u r r e n c y certificates, a c t J u n e 8, 1872
National-bank notes
235,714, 547
1,837,859,895
J U L Y 1, 1899.
[ P o p u l a t i o n , 74,318,000; c i r c u l a t i o n p e r c a p i t a , $25.62.]
$963,498, 384
$251,104,415
470,178, 802
6, 560, 759
74, 866, 552
93, 518, 280
346, 681, 016
5, 800, 728
956, 516
18, 054,174
241, 350, 871
3, 545, 432
$079, 738, 050
32, 655, 919
61,481, 426
402,136, 617
69, 065,824
92, 561, 764
308, 351, 842
20, 275, 000
237, 805, 439
2,190, 093, 905
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y Gold certificates
S t a n d a r d s i l v e r dollars
Silver certificates
Subsidiary silver
T r e a s u r y n o t e s of 1890
United States notes
C u r r e n c y certificates, a c t J i i n e 8, 1872
National-bank notes
286, 022, 024
1, 904, 071, 881
J U L Y 1, 1900.
[ P o p u l a t i o n , 76,295,220; c i r c u i a t i o u p e r c a p i t a , .$26.94.]
Gold coin, i n c l u d i n g b u l l i o n i n T r e a s u r y Gold certificates
Standard silyer dollars
Silver certificates
Subsidiary silver
T r e a s u r y n o t e s of 1890
United States notes
C u r r e n c y certificates, a c t J u n e 8, 1 8 7 2 . . . .
National-bauk notes
309, 640, 444
9, 525, 332
$610, 806, 472
200, 733, 019
65, 889, 346
408, 465, 574
76,160,988
• 75, 303, 942
313, 971, 545
3, 705, 000
300,115,112
2, 339, 700, 673
284, 549, 675
2, 055,150, 998
$1, 034, 384, 444
$222,844, 953
490,104, 027
15, 749,107
82, 863, 742
76,027, 000
346, 681, 016
6, 702, 754
723, 058
29, 004, 471
SECRETARY OF T H E TREASURY.
CXLI
T A B L E M . — S T A T E M E N T OF T H E C O I N AND P A P E R CIRCULATION OF T H E U N I T E D
STATES FROM 1860 TO 1900, I N C L U S I V E , W I T H AMOUNT OF CIRCULATION P E R
CAPITA.
RECAPITULATION.
Year.
I860 - 1861 -.
1862 . .
1863 . .
1864 -.
1865-.
1866 . .
1867 . .
1868 - 1869 . .
1870 . 1871 . .
1872 . .
1873 . .
1874 . .
1875 - .
1876 . .
1877 . 1878 . .
1879...
1880 -.
1881 -.
1882-1883 -.
1884 . 1885 . .
1886 -.
1887 . 1888 - 1889 . .
1890 . 1891 . .
1892 . .
1893 . .
1894 . .
1895 . 1896 - 1897 - 1898.1899 - 1900 . .
Coin, i n c l u d - U n i t e d S t a t e s
i n g bullion in
notes and
Total money.
Treasury.
bank notes.
$253, 000, 000 $207,102, 477
250, 000, 000
202, 005, 767
25, 000, 000'
333,452, 079
25, 000, 000
649,867, 283
2.5, 000, 000
680,588, 067
25,000,000
745,129. 755
25, 000, 000
729, 327, 254
25, 000, 000
703,200, 612
25, 000, 000
691,553,578
25, 000, 000
690, 351,180
25, 000, 000
697,868, 461
25,000,000
716, 812,174
25, 000, 000
737,721,565
25, 000, 000 . 749,445,610
25, 000, 000
781, 024, 781
25,000,000
773, 273, 509
52,418,734
738, 264, 550
65,837,506
697, 216, 341
102, 047, 907
687, 743, 069
357, 268,178
676, 372, 713
494, 363, 884
691,186, 443
647, 868,682
701, 723, 691
703,974, 839
705, 423, 050
. 769,740, 048
702,754, 297
801,068,939
686,180, 899
872,175, 823
665, 257, 727
903, 027, 304
658,380,470
1,007,513,901
625,898, 804
I, 092, 391, 690
599, 049, 337
1,100,612,434
558, 059, 979
1,152, 471, 638
532,651,791
1,112, 956, 637
564, 837, 407
1,131,142, 260
621, 076,937
I, 066, 223, 357
672, 585,115
I, 098, 958, 741
706,120, 220
1,114, 899,106
704,460,451
1, 097, 610,190
702,364,843
I, 213, 780,289
692, 216, 330
I, 397, 785, 969
675,788,473
1,508,543,738
681,550,167
1, 607, 352, 213
732, 348, 460
$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, 565
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, 550
1,561,407,774
L 633,412,705
1, 691, 441, 027
1, 658, 672, 413
I, 685,123,429
I, 677, 794, 044
I, 752, 219,197
1,738,808,472
1, 805, 078, 961
L 819, 359, 557
1, 799, 975, 033
1, 905,996, 619
2, 073,574,442
2,190, 093, 905
2, 339, 700, 673
Coin, bullion.
and paper
Circulation.
money in
Treasury, as
assets.
$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, 354, 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
284,549, 675
$435,407, 252
448, 405,767
334, 697, 744
595, 394, 038
669, 641,478
714, 702, 995
673, 488, 244
661, 992, 069
680,103, 661
664,452,891
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, 568, 615
1, 252, 700, 525
1, 317, 539; 143
1, 372,170,870
1, 380, 361, 649
1, 429, 251,270
1, 497, 440, 707
1, 601, 347,187
1, 596, 701, 245
1,660,808,708
1, 601, 968, 473
1, 506. 434, 966
1, 640, 209, 519
1, 837, 859, 895
1, 904, 071, 881
2, 055,150, 998
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
63, 693, 000
54, 911, 000
56,148, 000
57,404,000
58, 680, 000
59, 974, 000
61, 289, 000
62, 622, 250
63, 844, 000
65,086, 000
66, 349, 000
67, 632, 000
68, 934,000
70, 254, 000
71,592,000
72, 947, 000
74, 318, 000
76, 295, 220
Circulation
per
capita.
$13. 85
13.98
10.23
17.84
19.67
20.57
18.99
18.28
18.39
17.60
17. 50
18.10
18.19
18.04
18.13
17.16
16.12
15.58
15.32
16.75
19.41
2L71
22.37
22. 91
22.65
23.02
2L82
22.45
22.88
22.52
22.82
23.45
24.60
24.06
24.56
23.24
21.44
22.91
25.19
25.62
26.94
NOTE 1.—Specie payments were suspended from January 1,1862, to January 1, 1879. During the
greater part of t h a t period gold and silver coins were not in circulation except on the Pacific coast,
where, it is estimated, the specie circuiatiou was generally about $25,000,000. This estimated amount
is the ouly coin included in the above statement trom 1862 to 1875, inclusive.
NOTE 2.—In 1876 subsidiary silver again came into use, and is included in this statement, beginning
with t h a t year.
NOTE 3.—The coinage of standard silver dollars began in 1878, under the act of February 28,1878.
NOTE 4.—Specie payments were resuraed January 1,1879, and all gold and silver coins, as well as
gold and silver bullion-iu the Treasury, are includea in tbis statement from and after t h a t date.
NOTE 5.—Currency certiticates, act of J u n e 8,1872, are included in the amount of United States
notes in circulation' in the tables for the years 1873 to 1891, inclusive; since 1891 they are reported
separately.
NOTE 6.—For redemption of outstanding certificates an exact equivalent in amouut of the appropriate kiuds of money is held iu the Treasury, and is not included in the account of money held as
assets of the Government.
! NOTE 7.—This table represents the circulation of the United States as shown by the revised state^ments of the Treasury Department for J u n e 30 of each of the years specified. See next page.
REPORT ON THE FINANCES.
CXLII
The foregoing table, sliowing the coin and paper circulation of the
Unitecl States from 1860 to 1900, inclusive, differs from the tables
heretofore published. Formerly the tables included as a part of the
available stock of inoney in the IJnited States certain amounts of paper
money, which, in reality, represented other money held in the Treasury
for their redemption.
For example: The amount heretofore stated as paper money in the
United States July 1, 1889, was $974,738,277, while the amount in the
present table is $558,059,979. This difference arises from the fact that
there were outstanding that year $154,028,552 gold certificates and
$262,649,746 silver certificates, against which equal amounts of gold
coin and standard silver dollars were held in the Treasury. To state
this amount of paper money as available, and to state the same amount
of gold and standard silver dollars as also available was a duplication,
which has been eliminated from the present table.
It will be observed that the amounts of money in circulation remain
the same as before. It will also be noticed that the amount of coin,
bullion, and paper money in the Treasury is less in the present table
than in former ones. That is because these same duplications have
been eliminated from that column also, so that the column in the present table shows only the money held in the Treasury as assets of the
Government. The other amounts of money which are held on account
of the several forms of outstanding paper money are no longer included.
This change in this table has been made to conform to the new form
of the circulation statement published by this Department monthly
since January 1, 1900.
TABLE N.—STATEMENT
OF U N I T E D STATES BONDS AND O T H E R
OBLIGATIONS
R E C E I V E D AND ISSUED BY THE O F F I C E OF THE SECRETARY OF THE TREASURY
FROM NOVEMBER 1, 1899, TO OCTOBER 31, 1900.
T i t l e of loan.
Keceived
Received
for exredempc h a n g e and for t i o n .
transfer.
B o n d s i s s u e d t o Pacific r a i l r o a d s ( a c t s of J u l y I,
1862, a n d J u l y 2,1864)
T e n - f o r t y b o n d s of 1864 (act of M a r . 3,1864)
F i v e - t w e n t i e s of 1865 (act of M a r . 3,1865), M . & N . - Consols of 1867 (act of M a r . 3,1865)
Consols of 1868 (act of M a r . 3,1865)
F u n d e d loan of 1881, 5 p e r c e n t ( a c t s of J u l y 14,
1870, a n d J a n . 20,1871)
F u n d e d loau of 1891,4^ p e r c e n t ( a c t s of J u l y 14,
1870, a n d J an. 20,1871)
:
F u n d e d loan of 1907,4 p e r c e n t ( a c t s of J u l y 14,1870,
$67, 616, 900
a n d J a n . 20,1871)
..:
Gold certificates, s e r i e s of 1875 (act of M a r . 3,1865)..
Gold certificates, s e r i e s of 1870 a n d 1871 (act of
Mar. 3,1863)
Certificates of d e p o s i t (act of J u n e 8,1872)
7, 685, 500
F u n d e d loan of 1891, c o n t i n u e d a t 2 p e r c e n t
25,189, 250
L o a n of 1904,5 p e r c e n t (act of J a n . 14,1875)
40, 490, 600
L o a n of 1925,4 p e r c e n t (act of J a n . 1.4,1875)
Gold certificates, s e r i e s of 1888 ( a c t of J u l y 12,1882).
L o a n of 1908-1918, 3 p e r c e n t (act of J u n e 13,1898)
41, 674, 280
Gold certificates, s e r i e s of 1900 (act of M a r . 14, 1900).
Issued.
$20, 000
150
1,000
100
100
Total t r a n s actions.
$20, 000
150
1,000
100
100
300
300
32, 250
32, 250
14,310, 350 $67,621,750
5,100
2,300
18,650,000
23,109, 500
4,990, 300
149, 549, 000
5,100
2,300
25,480, 000
38, 480, 500
55. 368, 800
80,981,200
17, 300, 000
83,462, 480
34, 470, 000
345,530,750
10,100, 000
ii,'656,'ooo'
6, 830,000
7, 685, 500
25, 189,250
40, 490, 600
7,200, 000
41,788, 200
23, 470, 000
78,196,600
208, 831, 000
58,503,150
364, 541, 200
REFUNDING OPERATIONS.
L o a n of
Funded
L o a u of
Consols
1908-1918, s u r r e n d e r e d
l o a n of 1907, s u r r e n d e r e d
1904, s u r r e n d e r e d
of 1930, 2 p e r c e n t (act of M a r . 14,1900) .
Total....:
78,196. 600
208, 831, 000
.58, 503,150
201, 666,980 427, 752, 200 565, 806, 050 1,195,225,230
CXLIII
SECRETARY OF T H E TREASURY.
T A B L E 0 . — S T A T E M E N T SHOWING THE AGGREGATE R E C E I P T S , E X P E N S E S , AVERAGE
N U M B E R OF P E R S O N S E M P L O Y E D , AND COST TO COLLECT INTERNAL R E V E N U E
IN T H E SEVERAL COLLECTION DISTRICTS DURING THE F I S C A L YEAR ENDED J U N E
30, 1900.
Collection d i s t r i c t s .
Alabama
Arkansas
F i r s t California
F o u r t h California
Colorado
Connecticut
Florida
Georgia
—
Hawaii
:. .
F i r s t Illinois
Fifth Illinois
-- E i g h t h Illinois
T h i r t e e u t h Illinois
Sixth I ndiana
Seventh Indiana
Third Iowa
Fourth Iowa
Kansas
Second K e n t u c k y .
Fifth Kentucky . - ^
Sixth Kentucky
Seventh K e n t u c k y
Eighth Kentucky
Louisiana
Maryland
Massachusetts
F i r s t Michigan
Fourth Michigan
Minnesota
F i r s t Missouri
Sixth Missouri
Montana
Nebraska
New Hampshire
First New Jersey
Fifth N e w Jersey
N e w Mexico
First New York
Second N e w Y o r k
Third New York
Fourteenth New York
T w e n ty-fi r s t N e w Y o r k
Twenty-eighth New York . . .
F o u r t h N o r t h Carolina
Fiftb N o r t h Carolina
FirstOhio
T e n t h Ohio
E l e v e n t h Ohio
E i g h t e e n t h Ohio
Oregon
First Pennsylvania
Ninth Pennsylvania
Twelfth Pennsylvania
Twenty-third Pennsylvania.
South Carolina
Second T e n n e s s e e
Fifth Tennessee
Third Texas
Fourth Texas
Second V i r g i u i a
Sixth Virginia
W e s t Virginia
First Wisconsin
Second W i s c o n s i n
Total .
Aggregate
receipts, a
$539,015.22
260, 418. 99
;, 912, 785. 84
604, 712. 50
, 313, 596. 46
1, 040, 783.28
725,142.72
917, 892. 03
b 7, 454. 30
371, 870. 26
480,154. 96
261, 795. 67
123, 908.43
497,468.17
732,155.64
925, 742. 09
949, 061. 78
010,718. 79
909, 838. 31
695, 451. 07
432, 562.17
642, 553. 97
791,977.41
443, 558. 37
002,373.14
953, 569, 58
874, 436. 83
050, 587. 65
814,113. 23
641, 025.64
053,146. 03
718, 365.33
383,918.23
309, 361.06
559,425.63
269,469.41
131, 256. 67
736, 762.44
356, 413. 69
971,245.89
003, 262. 84
734, 022.20
673, 428.16
899, 498. 27
432, 435. 09
133, 942. 99
812, 783.49
337, 941.07
060, 822. 08
248,743. 91
654, 160. 66
528, 250. 39
877, 783.33
863,311.97
312,911.22
535,149. 65
760, 456. 36
006,421.22
535, 053.25
667, 881.58
765, 938.47
552, 826.40
280, 252.00
222, 742.09
295, 316,107. 57
Expenses.
number
Cost to
of persons em- collect $1.
ployed.
$37, 622.12
36. 891.24
92, 875.40
37, 708. 03
30,928. 31
44,498. 67
22, 418. 66
85, 374. 07
292.45
101, 938. 60
108, OIL 57
70, 682. 77
23,380.19
69, 394.55
86,166. 71
18, 750. 33
22, 774.06
23, 469. 03
87, 396.16
246, 524.04
• 84, 310. 39
119,548.62
107, 595. 39
42,251.46
142. 380. 35
77, 729. 87
30, 938. 89
17,801.44
40,139. 76
72, 224.81
52,972. 93
26, 046. 26
53, 456. 08
24,489.40
16, 034.89
46,264.32
11, 498.10
60,716.81
86,151.75
69, 072. 00
42, 347. 24
33, 835. 67
52,456.46
124,241.09
202, 803. 07
159,416.33
36,279. 08
37, 327. 06
41, 642. 55
40, 995. 09
99,164.99
67, 572. 96
38,102. 65
144, 424.14
34, 659. 21
42,158. 36
69, 062. 40
24,191.46
25, 986. 40
46, 634.32
97, 585. 34
40. 524. 34
63, 788. 85
24, 726.70
4, 018, 646. 24
1,406
a B a s e d on r e p o r t s of collectors.
6 R e c e i p t s d u r i n g t h e l a s t s e v e n t e e n d a y s (from J u n e 14 to J u n e 30) of t h e fiscal y e a r e n d e d J u n e
30, 1900.
•
•
c I n c l u d e s $602,362,52, r e c e i p t s from t a x on m o n e y o r d e r s for t h i r d a n d f o u r t h q u a r t e r s of t h e fiscal
y e a r e n d e d J u n e 30,1899, a n d first a n d second q u a r t e r s o f t h e fiscal y e a r ended J u n e 30, 1900. t u r n e d o v e r
b y t h e P o s t m a s t e r - G e n e r a l t o t h e d i s t r i c t of M a r y l a n d . T h e c o s t t o collect i n t h a t d i s t r i c t i s b a s e d
u p o n t h e t o t a l r e c e i p t s of t h e s a m e , less t a x on m o n e y o r d e r s , for w h i c h n o e x p e n s e t o collect w a s
incurred.
CXLIV
REPORT ON THE FINANCES.
NOTE.—The foregoing statement of expenses does not include salaries and expenses of internalrevenue agents, salaries of the officers and clerks in the office of the Commissioner of Internal Revenue, amounts expended in detecting and punishing violations of internal-revenue laws, cost of paper
for internal-revenue stamps, and certain miscellaneous expenses.
Amount of expenses as above stated
$4,018, 646.24
Expenses not included in above
Total expenses for fiscal year ended June 30, 1900
Cost to collest $1
635,041.50
4, 653,687. 74
$0.0158
T A B L E P.—-STATEMENT O F CUSTOMS B U S I N E S S FOR T H E F I S C A L Y E A R E N D E D J U N E 30,
V e s s e l s e n t e r e d . V e s s e l s cleared.
H
M
Districts and ports.
CO
o
Foreign.
Coastwise.
Annapolis, M d . . .
\palacbicola Fla
A r i z o n a (Nogales), A r i z
A r o o s t o o k ^Houlton) M e
Atlanta Ga
Baltiraore, M d
Bangor, M e
Bath Me "
Beaufort N C
B e a u f o r t , S. C
Belfast M e
Boston a n d
Charlestown
(Boston), M a s s
Brazos (Brownsville), T e x
Bridgeton, N . J ..'
Buffalo C r e e k (Buffalo), N . Y .
Burlington (Trenton), N. J . . .
Cairo, 111
Cape Vincent, N. Y
Castine, M e
Champlain (Plattsburg),N. Y .
Charleston S C
Chattanooga, T e n n
C h e r r y s t o n e (Cape C h a r l e s
City), V a
Chicago, III
Columbus, Ohio.
Corpus Christi, Tex
C o u n c i l Bluff's, I o w a
C u y a h o g a (Cleveland), O h i o . .
Delaware (Wilmington), Del.
429
541
3
1 A l a s k a (Sitka), A l a s k a
an a e E
A l b e my r lN (Y d e n t o n ) , N . C . . .
Foreign.
483
119
24
346
Coastwise.
478
21
77
66
2,253
4
4
8
1
7
911
17
15
314
1
21
66
L544
36
18
60
925
29
8
32
11
16
23
79
L860
L028
28
L809
DocuEntries ments
i
d
of m e r - i s s u e d D u tn e s ea n a x tonag t .
c h a n d i s e . t o vessels.
2,531
1,092
3
26
1,638
1,414
77
10,765 ' "i,'459'
189
6,272
490
47
314
332
210
28
7
16,0
80
L122
21
44,398
631
3
3
271 " " " 5 5 3 '
1,210
4,010
5
266 " " 5 8 i '
4,137
1,138
7
12
17, 926
4
2
574
1,247
14
1
1,359
82 ' " " 4 2 3 *
563
L231
16
1,426 ' "i,'264"
47
76
2,478
45
19,108
171
153
8,311
308
8,245
646
90
6,9i9
20
929
82
6,642
21
217
249
149
112
248
105
27,647
2, 795
296
1,362
54
2,516
101
1, 063
'"'344
44
151
406
43
51
34
117
317
371
207
41
643
583
112
16'
614'
210
1900.
V a l u e of e x p o r t s .
Aggregate
receipts, a
$65, 823.94
168, 350. 65
$78,035. 39
168, 648.15
i , 033. 40
LOO
4,235.31
1.59,709. 64
40,937.13
13,153. 37
2,786,621.08
207,249.86
1, 539.46
15, 335.88
5.31
1, 822. 88
983.17
1,052. 52
1.00
4, 990. 63
160, 235.59
43, 955.79
15,658.88
2,849,565.53
207,751. 21
1,723. 88
15, 659. 88
207.81
2, 384. 86
1, 323.10
18,766, 954. 68
4, 052. 66
160.68
1, 052.19
14, 723. 85
818, 202. 82
5.00
14 95
18, 868,908. 57
5, 433. 39
287.56
1,066. 99
16,780. 26
823,324. 46
99.33
33. 06
35,730. 04
752.75
627, 717. 57
75, 996. 61
25.67
36, 555.82
855. 59
631, 704. 81
77, 670.77
25. 67
7, 941, 348. 91
667, 271. 52
49,301.44
77, 262.,82
9,191.72
772, 539. 82
23, 031. 66
7, 953, 551. 56
669, 622. 00
49, 391. 44
81,971.55
9,19L72
775, 227. 56
23, 771.29
a Based on returns of collectors.
Expenses.
Foreign.
Domestic.
$24, 202
$542,145
203, 359
424, 783
1,789, 064
59, 582
36, 775
115,470, 796
4, 785,601
6,063
189,908
5,215
I, 243,486
41,104
110,952,069
169, 271
195,988
7, 373,487
14,292,040
2,236
I, 036, 417
137,895
6,369
6, 568,020
7,151, 720
200, 210
5, Oil, 560
105, 242
6,100,188
128
3,493,040
5,679,735
Average
n u m b e r Cost to
of p e r - collect
$1.
s o n s employed.
$0. 671
.078
$52, 367. 79
13,134 68
1,334 49
1, 480 87
951 00
3, 931.77
23, 861. 38
15, 643. 52
2, 490. 68
266,496 00
15, 323 88
3,596 84
8, 734.93
1,152.50
4,071. 51
2, 047. 65
35
8
2
3
2
4
18
14
2
188
12
8
10
2
5
5
689, 064. 00
29, 048.30
1,186. 26
202. 20
7, 325.46
53,591.03
359.47
219 78
351 32
14, 618. 69
4, 062.80
34,401.29
14,012.13
458. 40
555
26
6
2
5
39
I
2
1
13
6
30
13
2
.400
4.749
.054
.180
17.857
996 87
164,622.70
33, 284. 39
4, 903. 97
32,336. 42
262.00
30, 990. 02
8, 542 17
3
118
23
3
25
2
22
11
.021
".050
.099
.394
.029
.040
.359
L407
951. 000
.788
.149
.356
.159
.094
.074
2.086
.558
5.546
L707
1.548
.037
5.346
4.125
.190
.437
.065
3.619
6.648
o
X
T A B L E P . — S T A T E M E N T O F CUSTOMS B U S I N E S S F O R T H E F I S C A L YEAR E N D E D J U N E 30^ 1900—CoDtinued.
V e s s e l s entered. V e s s e l s cleared.
Districts and ports.
DocuEntries ments
of mer- i s s u e d D u t i e s a n d tonCoastnage tax.
c h a n d i s e . t o veswise.
sels.
Coastwise.
Foreign.
L552
2,625
L482
2,718
Duluth, Minn
282
Dunkirk, N . Y
2
E a s t e r n (Crisfield), M d . .
40
Edgartown Mass
76
Erie, P a '
Evansville, Ind
36
Fairfield ( B r i d g e p o r t ) , C o n n . .
13
Fall River, Mass
Fernandina F l a
107
Frenchmans B a y ( E l l s 32
worth), Me
G a l e n a 111.
Galveston, Tex
412
972
Genesee (Rochester), N . Y
13
Georo'ctown D . C . - . G e o r g e t o w n ! S. C
""127'
Gloucester Mass
.
Gran d Rapids, Mich
G r e a t E g g H a r b o r (Somers
Point), N . J
16
Hawaii a
Hartford, Conn
..
H u m b o l d t ( E u r e k a ) , Cal
30
H u r o n (Port Huron), M i c h . . - L127
3, 249
111
214
2
3,324
Iil
1,021
54
40
1,044
1,478
740
238
31
13
123
900
636
231
267
179
490
42
31
463
972
1
D e n v e r Colo . . . . . . . . . . . . . . .
D e s Moines, I o w a . . . . .
Detroit, Mich
Foreign.
16
"''167'
16
3
262
105 " ' " " ' 4 5 '
L977
L050
28
222
179
37'
45
Louisville, K y
Machias Me.
Marblehead, Mass
Memphis, Tenn
521
235
558
738
1,451
939
787
645
2,164
123
1,211
2
6,049
668
1,728
352
2,678
16
23
260
K a n s a s City M o
Key West, Fla
Knoxville, Tenn
Lacrosse, W i s
Lincoln N e b r
Little E g g Harbor (Tuckerton) N J
725
114
19, 064 " " ' 3 2 5 '
122
17
L772
463
20
2
843
3
51
289
117
153
383
430
316
27
139
1
81
180
61
71
10
185
9
4
45
96
29
12
65
1
726
1,266
17
16
130
245
6
227
9
92
30
585
135
53
114
67
443
5'
15
239
56'
39
57
67
339
76
181
$87, 238.16
25,147. 78
999,839.63
28,166.44
28, 014.82
4, 365.14
292. 05
75, 777.06
43, 024. 68
147,816.26
13, 741.15
5,122. 36
547. 54
193, 641. 79
279, 462.24
96, 651.18
3,717. 82
65, 309. 04
6.85
45, 437. 89
276, 215. 60
447. 05
177, 806. 37
164, 309.16
303, 718. 28
V a l u e of e x p o r t s .
Aggregate
receipts.
$88, 949. 71
25,171.79
1, 003, 712. 74
28, 201. 99
31, 288. 58
4, 393.15
10.70
717. 37
77, 296. 50
43,101. 50
148,041.11
14, 258. 92
6, 067.18
808. 92
12. 00
200, 569. 02
280, 854. 39
97. 856.19
21.00
5, 922.14
65, 319. 09
10, 206. 90
1L25
45, 523. 99
277,475. 09
640. 05
184,123. 51
164,752. 70
306,118. 55
.40
337, 085. 84
2, 066. 67
69.61
10,209.90
118. 28
273, 544. 98
279,775.33
269. 28
1, 284. 66
26,089. 40
161. 08
274, 627.14
279, 901. 66
781. 55
1, 432. 47
26,135. 60
323, 535. 89
2, 065. 27
Expenses.
Foreign.
$97,634
Domestic.
$16,760, 822
3, 659, 241
35, 848
2, 588, 808
50, 533
85,606,991
1, 203, 552
381
177,907
253,616
8,762,654
7,505
39, 624
1,355,702
•
14, 494
Average
n u m b e r Cost to
of per- collect
s o n s em$1.
ployed.
$6, 345; 05
760.83
73, 570. 32
362. 00
14, 441. 98
1, 294. 54
2, 374. 22
2, 391. 50
6,177. 24
1,159. 70
9, 230. 40
3, 780. 02
3,153. 56
6
2
63
1
12
2
2
4
4
2
6
4
3
$0.070
030
073
.013
462
295
221 890
3 334
080
027
062
265
520
3, 426. 63
364. 39
44, 579. 53
18, 452.73
12, 403. 37
270.55
13, 717. 63
4, 702. 59
5
1
36
14
8
2
12
2
4 236
30 366
222
.066
127
12.883
2 316
072
616. 20
3,100. 92
10, 794. 84
2, 934. 73
51, 877. 21
10, 525.15
16,083.45
122. 85
28, 268. 98
508.53
362. 92
1, 882. 05
2
56
5
I
49
6
9
2
23
1
2
2
54.773
.068
039
4.585
.282
064
053
307.125
.084
246
5.214
. 184
295. 55
17, 421.13
15, 491. 25
3, 627. 35
I, 928. 36
4, 704. 80
2
14
9
5
3
4
1.835
.063
.055
4.641
1.346
.180
<
O
o
w
o
CP
Memphremagog (Newport),
Vt
Miami (Toledo), Ohio
Michigan (Grand H a v e n ) ,
' Mich
Milwaukee, Wis
Minnesota (St. Paul), Minn ..
Mobile, Ala
Montana and Idaho (Great
Falls, Mont.)
Nantucket, Mass
Nasbville, Tenn
Natchez, Miss
Newark, N. J
New Bedford, Mass
Newburyport, Mass
New Haven, (Jonn
New Loudon, Conn
Newport, R. I
Newport News, Va
New York, N . Y
Niagara (NiagaraFalls),N. Y.
Norfolk and P o r t s m o u t h
(Norfolk), Va
North and South D a k o t a
(Pembina, N. Dak.)
New Orleans, La
Omaha, Nebr
Oregon (Astoria), Oreg
Osweaatchie (Ogdensburg),
NY
Oswego. N. Y
i..
Paducah, Ky
Pamlico (Newborn), N. C
Paso del Norte (El Paso), Tex.
Passamaquoddy (Eastport),
Me
Patchogue, N. Y
Pearl liiver (Shieidsboro),
Miss
Pensacola, Fla
Peoria, 111
Perth Amboy, N. J
Petersburg, Va
Philadelphia, Pa
,
Pittsburg, Pa
Plymouth, Mass
Port Jefferson, N. Y
Portland a n d F a l r a o u t h
(Portland), M e
:
293
197
49
79
373
776
2,345
8,578
14,052
26
64
374
713
348,415.88
87,434. 97
8,659
14,041
12
2,055
2,672
641
573
432
34
231
875
351, 263. 99
88, 241. 62
2, 861.20
404, 332.71
642, 267.40
35, 527.44
23,166
380
293
220
2, 945.42
406.115.42
645,117. 61
43, 233.36
37,492.43
39,772. 23
7.25
13, 939. 31
13, 909.93
74
12
140
1
741
9
643
2,646
753
753
7
2
65
2,880
768
2,623
200
4,453
749
82
37
1
22^
. 12
13
469
4,040
733
735
1,495
187
13
71
4,310
425, 395
23, 658
125
120
25
297
190
186
406
5,062
29
51,'96i.'2i
1,880.19
II, 078. 01
731, 532. 74
152, 502,188. 88
296, 977. 53
2,063
112
713
338
2,192
10,862
328
12
*274'
4,828
538
1,210
373
1,658
L247
404
...
..
1,372
1,390
313
173
17
151
256
532
271
472
*i,"i62
722
130
1
936
75
200
'i,'i29
'984
7
11
276
291
1,529
18
81
174
1, 746
695
24,106
L575
31
2, 911 1
6, 398.04
17, 672. 03
36, 051. 59
17, 615.04
14
20
26
15
2.172
.044
.056
.407
22,720. 98
338.08
2,437. 34
426.43
85, 702
10, 895. 78
32, 275
3, 840. 56
630. 29
8. 504. 82
5, 085. 30
32
2, 327. 98
34, 756. 852
42, 853.49
507,930,476 3, 012, 666. 85
8, 767, 035
62, 397. 89
18
1
2
1
6
5
2
7
6
4
.571
46.632
.175
355,818
13,178,766
148,087
25
11
.108
.122
5
32
3.669
.134
23, 009.18
56L 70
20
2
.256
L004
7, 982.88
12,106. 55
1, 373. 84
10,163. 97
4, 206. 64
496,781.73
16, 053. 32
1, 647.15
6
12
2
6
4
472
9
2
2
.755
.298
.045
.108
L935
.025
.047
.196
48, 333.71
30
.374
4, 457, 225
1,819,153
123,148
335,790. 95
416, 069
10, 580. 21
40, 635.18
30, 301. 85
94, 340. 84
2,173. 58
20,266, 061.81
344,493.76
8,406. 37
115, 636. 79 i
a F r o m June 14 to June 30, 1900.
2,005
6,103, 750
23,132
8, 598.83
37, 467. 80
30,185.23
92, 220.58
129, 271.10
.303
.032
.069
.666
26,410.13
14, 475. 97
362.00
2,431. 83
45,005. 30
5L 117
79, 275
339
228
17
605
9
1,024
291
14
76
.519
22, 812.41
218,121. 84
6, 066. 91
11,762. 42
244, 652.16
118, 338.33
89, 752. 26
559. 70
9
16
178
4
13
• 38
2,065
13,043.00
6, 401, 848
114,655,951
87, 076. 39
50
.170
.043
24.186
.162
2.490
.208
.058
.020
.203
13,112,096
40,455
1,202, 813
36,158
242
20,209,241.62
344,080.46
8, 373.17
.120
.090
75, 319. 31
6,843, 682.24
88, 312. 98
17, 648. 61
617. 79
330, 564. 31
343 1
40
25,135.42
240, 842.71
118, 078. 76
4,175
709
73, 333. 84
6, 818, 393. 34
87,119.47
16, 689. 28
37
6
31,522
7,475
L960
27, 568
154,819.75
1,136, 281
88, 579. 72
26.06
52, 392.15
2, 042. 33
11,191. 26
L47I
738,545.49
153,253, 780. 76 10, 903, 995
951,100
307,530. 00
20, 311. 05
153, 343.15
87,594.49
42, 230. 25
7, 900.77
1, 574, 407
8.58, 868
I, 687, 863
14, 413, 522
1, 561, 298
147, 817
180, 626
78,225,405
216,091
9, 725, 793
9
TABLE P . — S T A T E M E N T O F CUSTOMS BUSINESS F O R T H E FISCAL YEAR ENDED J U N E 30, 1900—Continued.
Value of exports.
Vessels entered Vessels cleared.
Districts and ports.
Porto Rico
,
Portsmouth, N. H . . :
Providence, R. I
Puget Sound (Port Townsend), Wash
Richmond, Va
Rock Island, 111
Saco, Me
Sag Harbor, N . Y
Salem and Beverly (Salem),
Saluria (Eagle Pass), Tex
San Diego, Cal
Saudusky, Ohio
San Francisco, Cal
Savannah, Ga
St. Augustine, Fla.
St. Johns (Jacksonville), Fla.
St. Joseph, Mo
St. Louis, Mo
St. Marks (Cedar Keys), Fla..
St. Marys, Ga
Sioux City, Iowa
Southern Oregon (Coos Bay),
Oreg
Springfield, Mass
Stonington, C o n n . . —
Superior (Marquette), Mich..
Syracuse, N. Y
T'ampa, Fla
Tappahannock, Va
Teche (Brashear), La
Vermont (Burlington), Vt
Vicksburg, Miss
Waldoboro, Me
Wheeling, W. Va
Willamette (Portland), Oreg..
Wilmington, N. C
Foreign.
Coastwise.
Foreign.
DocuEntries ments Duties and ton
of mer- issued
Coast- chandise, to vesnage tax.
wise.
sels.
72
18
55
329
3
718
59
31
39
333
4
192
2,550
19
1,410
1,872
507
970
1,964
1
545
962
9,409
206
68
168
486
909
251
1
83
35
102
1,755
248
493
450
137
456
895
287
I
91
47
31
1,807
603
438
4
451
27
3, 911
L174
343
31, 973
229
58
93
324
4,078
1
4
26
Aggregate
receipts.
$138, 280. 78
2L 461.10
349,196. 83
$142, 769. 84
21, 719. 85
342, 295. 24
1,266
134
94
32
555
387,911.52
25, 482.34
1, 595. 25
419, 698. 76
25, 565. 60
.50
27.50
1, 597. 05
72
71
14
114
1, 291
166
47
134
2, 782. 50
124, 601.10
97, 267.16
2,730. 44
7,035, 915. 49
64, 882. 45
9, 082. 62
9, 996. 29
78, 313. 25
1, 500, 928. 49
3.12
34.83
19,861. 69
3, 246. 72
131,901. 27
98,708. 39
2,783. 04
7, 083,942.52
67, 965. 06
9, 220. 52
10, 595. 32
78, 369. 80
1, 511,005. 21
9.32
48.24
19, 869. 29
235
44
10
Foreign.
Expenses.
Domestic.
$77
$18, 272
73,875
17, 829, 232
900
79, 422
10,199
881, 042
58
7, 312, 688
2, 728, 975
• 69,421
39, 487, 246
38, 251, 923
269,211
6,300
4,944
1
11
1,821
128
1
181
245
85
147
138
253
221
214
243
16
1,685
434
2,850
23, 284
"i83'
'"8
1,258
207
10
2, 028
31
1,733
117
108
9
8, 296
147
65
155
172
116
249
163
31
46
470
198
114
100
41,108. 53
2, 217. 26
51,339. 76
99, 261. 33
631,237. 75
10.50
10.80
774,179. 91
.25
3, 935. 37
1,232. 66
595, 969. 50
7,702.74
41, 266. 23
2, 308.72
51, 466. 55
100, 352. 27
636, 062. 03
10.50
31.50
779,858. 96
47.45
4, 873. 24
I, 329. 68
605,076. 88
8, 846. 00
6, 749, 897
1,457, 255
*7,"955,"998
8, 216, 608
10, 975, 511
Average
number Cost to
of per- collect
sons em$1.
ployed.
$11, 240.55
6, 445. 30
18, 369. 52
127
6
13
$0. 079
.297
.054
96,184. 86
5,156.73
362. 00
423. 09
605.77
66
5
1
2
.229
.202
724. 000
15.385
.379
5, 895. 28
42, 241. 44
19, 332. 56
3, 681.15
422, 639. 63
13, 299. 65
I, 679. 42
3, 927. 54
5, 924. 51
47, 542. 70
695. 75
1,172. 20
1, 037. 55
6
31
20
8
258
9
2
4
3
34
1
2
2
I. 816
.320
.196
1.323
.060
.196
.182
.371
.076
.031
74.651
24.299
.052
1,667.50
4, 498.10
716. 41
22, 496. 69
9,176. 30
27, 519. 79
774. 79
. 2, 621. 90
60, 846. 96
500. 00
6, 905. 33
1,189. 58
67,323.48
6, 666. 67
.109
.310
.437
.091
.043
73, 790
83. 235
.078
10.537
1.417
.895
.095
.754
Wiscasset, Me
Yaquina, Oreg
York, Me
Total
CO
g
92
35, 497
5
41
88,312
9
35, 443
88
41
86, 774
21
814, 037
112
4
9
380.91
34, 641
233, 461, 329. 87
951. 82
3,951
3.00
234, 779, 845. 82
23, 719, 511 1, 370, 763, 571
3, 220. 33
1, 072. 00
253.00
3
2
1
3.383
84 333
7,135, 976. 23
Amount of expenses reported by collectors as above
$7,135, 976.230
Expenses not included in above
310,616.860
Total
7,446,593.090
Cost to collect $1
0. 030
In addition to the above, there was expended on accountof collecting the revenue from customs for 1899 and for prior years
21, 099. 390
The aggregate receipts stated above include the sura of $2,118,826.97 collected on importations from Porto Rico, appropriated for the government and benefit of the
island under the act ot April 12, 1900.
'
The transactions reported above for the district of Porto Rico cover the period from May 1 to June 30, 1900, and the transactions for the district of Hawaii from June 14
to J u n e 30,1900.
C/3
o
>
Kl
O
m
>
a
CP
o
X
M
X
APPENDIX TO THE REPORT ON THE FINANCES.
FI 1900
1
^I>PEN^DIX.
REPORT O F HEADS O F BUREAUS.
REPOET OF THE TREASURER.
TREASURY D E P A R T M E N T ,
O F F I C E OF T H E T R E A S U R E R ,
Washington, Becember 1,1900.
S I R : The growtli and prosperity of the couutry and the general
activity of business are reflected in the transactions and condition of
the Treasury during the past fiscal year. Except in July, 1899, in
every month the receipts of revenue exceeded the expenditures.
Yarious measures which were taken by the Secretary of the Treasury
to restore to the markets the moneys not required for public uses proved
effective. Under the new financial law passed, the gold reserve has
been definitely set apart and enlarged. Changes have been begun in
the currency and in the Government securities, and these are still in
progress. The inflow of gold, with wise legislation, has strengthened
the Treasury and fortified the standard of money.
REVENUES AND EXPENDITURES.
The net ordinary revenues and expenditures for the fiscal years 1899
and 1900 present this comparison:
1900.
Increase.
Customs
Internal revenue .
Lands
Miscellaneous
$206,128, 481. 75
273,437,161. 51
I, 678, 246.81
34,716, 730.11
Total.
515, 960, 620.18
567, 240, 851.89
51, 280, 231. 71
22, 357,527. 40
4,499, 146. 87
8, 966,478.23
54, 867,594.27
22, 624,019.80
5, 876,489.33
229, 841,254.47
63, 942, 104.25
12, 805,71L14
139, 394.929. 07
39, 896,925.02
26,036, 465.54
4, 991,677.41
10,165, 671.44
• 55,764,635. 20
3, 214,802. 65
5, 599,937. 92
134, 774,767. 78
55, 953,077. 72
10,175, 106. 76
140, 877,316. 02
40,160, 333. 27
3, 678, 938.14
492, .530. 54
1,199,193. 21
897, 040. 93
1,482, 386.95
263, 408. 25
605,072,179. 85
487,713, 791.71
8, 013,498. 02
Decrease.
$233,164,87L16 $27, 036, 389. 41
295, 327, 926.76 21, 890, 765. 25
2, 836, 882.98
L 158, 636.17
1,194, 440.88
35, 911,170. 99
EXPENDITURES.
Customs
Interual revenue . .
Interior civil
Treasury proper. -.
Diplomatic
Judiciary
AVar D e p a r t m e n t . .
Navy Department.
Indians
Pensions
Interest
Total.
Net...
Deficiency.
Surplus
19, 111, 559. 67
79,527, 060.18
$19,409,217.15
276, 551.41
95, 066, 486. 69
7, 989, 026. 53
2,630, 604. 38
125,371, 886.16
117, 358, 388.14
4
R E P O R T ON
THE
FUSTANCES.
The total ordinary receipts are, at $567,240,851.89, the largest in our
history, exceeding those of 1866, the next in amount, by $47,291,287.51,
and this increase occurs by growth in all of the sources. The contrast
in expenditures is notable. The upward changes for customs, internal
revenue, interior, Treasury proper, and interest are moderate, as is the
downward change for judiciary. The reduction in the diplomatic
item is a little less than the payment last year to Spain on account
of the Philippines. The smaller outlay for the War Department of
$95,066,486.69, and of $7,989,026.53 for the ISTavy Department, marks
the close of hostilities against Spain. For Indians, $2,630,604.38" less
money was spent last year than in the preceding twelve months. The
increase in pensions of $1,482,386.95 indicates the nation's liberality to
its defenders.
The net result is that a deficiency of $89;ill,559.67 at the close of
1899 has become a surplus of $79,527,060.18 on June 30,1900.
ON ACCOUNT OF THE PUBLIC DEBT.
Transactions relative to the public debt show an excess of receipts
over disbursements, whicb is explained by the enlarged issue of gold
certificates.
1899.
Account.
1900.
Decrease.
Increase.
RECEIPTS.
$199,201, 210. 00
88, 404,000.00
30, 712, 000. 00
21,973, 510. 00
Bonds
T r e a s u r y n o t e s of 1890
Nationai-bank notes
Gold certificates
Silver certiiicates
151, 360, 000. 00
30, 840, 000. 00
$307, 243,120. 00 $108, 041,910.00
80, 676, 000. 00
16, 008, 000.00
17, 240, 290. 00
217, 325, 000. 00 217, 325, 000.00
172,116, 000. 00
20, 756, 000. 00
9, 450, 000. 00
522,490,720. 00
14,622, 363.48
88,404, 000. 00
38, 401, 000. 00
16, 649, 275. 50
3,122, 330. 00
143,831, 000. 00
36,120, 000. 00
329, 915, 408. 25
80,676, 000.00
33, 499, 280. 00
17, 909, 793. 00
23, 825, 640.00
162,186, 504. 00
27, 070, 000. 00
315, 293,044.77
675, 082, 625. 25
355, 612, 376. 27
333, 932, 656.27
181,340,751.02
21,390, 000
820, 058,410. 00 346,122,910.00
297, 567, 690. 00
341,149, 968. 98
Total
Net.
$7, 728, 000
14, 704,000
4,733, 220
144, 975,784.75
48,555,220
DISBURSEMENTS.
Bonds and fractional c u r r e n c y . . .
IJnited States notes
T r e a s u r y n o t e s of 1890
National-bank notes .
G o l d certificates
Silver certificates
C u r r e n c y certificates
. .
Total
Net
E x c e s s of r e c e i p t s
... .
7, 728, 000
4, 901,720
1, 260, 517. 50
20, 703, 310. 00
18, 355, 504.00
9, 050. 000
21, 679,720
ORDINARY AND DEBT TRANSACTIONS COMBINED.
The combination of the preceding tables shows the total receipts from
all sources andthe disbursements for all purposes for the two fiscal years:
1899.
1900.
Increase.
Ordinary .
Debt
$515, 960, 620.18
522, 490, 720. 00
$567, 240, 851. 89
820, 058, 410. 00
$51, 280, 231.71
297, 567, 690.00
Total
1, 038, 451 340.18
1, 387, 299, 261. 89
348, 847, 921. 71
Ordinary
605, 072,179.85
Debt
341,149, 968. 98
487, 713, 791.71
33,147, 054. 81
675, 082, 625. 25
33,147, 054.81
333, 932, 656.27
946,222,148. 83
1,195, 943, 471.77
249, 721, 322.94
92,229,191. 35
191,355,790.12
99,126, 598.77
Account.
Decrease.
RECEIPTS.
DISBURSEMENTS.
Total
$117, 358, 388.14
TREASURER.
5
From these figures can be discerned the measure of the growth ofthe
financial business ofthe Government. An increase of $348,847,921.71
in the gross receipts, and an increase of $249,721,322.94 in disbursements during the fiscal year, are tokens of the extent of the national
transactions. The net excess of receipts is increased by $99,126,598.77,
although the disbursements include $33,147,054,81 for premium iiaid.
JULY TO OCTOBER IN TWO YEARS.
COMPARATIVE STATEMENT OF THE ORDINARY R E V E N U E S AND E X P E N D I T U R E S FOR
THE F I R S T QUARTERS OF THE F I S C A L YEARS 1900 AND 1901, AS SHOWN BY W A R RANTS.
1900.
Account.
'
1901.
Increase.
Decrease.
REVENUES.
Customs
Internalrevenue
Public lauds
.-
•....
....
Total
$56,757, 359,54
77,076,943.54
633,732.04
9,087,194.28
$61,297,'511.89
78, 609,162., 99
682, 761. 56
'6,976,350.64
$4, 540,152. 35
1, 532, 219. 45
49,029. 52
143,555, 229.40
147, 565,787. 08
6,121,401.32
27,654,014.04
44, 840, 823. 68
14,400, 507.76
2, 560,477. 85
37, 090.761. 30
13,130, 541. 36
32,156, 428. 87
48, 659,759. 62
15, 058, 655. 32
2, 949, 837. 68
36.559, 865.18
8, 231,137. 81
4, 502.414.83
3, 818, 935. 94
658,147.56
389, 359. 83
139,677,125. 99
143, 615, 684. 48
9, 368, 858.16
$2,110, 843. 64
2,110, 843. 64
DISBURSEMENTS.
Civil a n d miscellaneojis
War
Total
530, 896.12
4, 899,403.55
5, 430, 299. 67
The comparison of the first quarters of 1900 and 1901, respectively,
shows a net increase for the latter of $4,010,557.68 in receipts, and of
$3,928,558.49 in the disbursements. The changes in detail will be noted
in the table.
An analysis ofthe transactions ofthe past fiscal year develops marked
irregularity in the receipts and expenditures and ih the relations between
them. Only in one month, July, 1899, did a deficiency occur, and it was
$8,506,832.28. In June, 1900, the excess of credits was $17,895,158.86,
the largest for any month.
For a single day the largest receipts were February 26, 1900,
$5,199,513.18, and the largest expenditures, July 3, 1899, $4,803,000.
The largest difference between credits and debits on a single day was
August 29, at $4,047,396.05 in favor of the former. On September 15,
such difference was the smallest for any day, only $11,130.83 in favor
of receipts, while the largest deficiency for any day was July 5, 1899,
$2,318,621.42. For any month, the smallest difference was in October,
$3,345,210.61.
The significance of such irregularity is the need of considerable
resources in the vaults of the Treasuiy, and, as elsewhere stated, wise
forethought calls for about $50,000,000 as cash balance above current
liabilities.
THE RESERVE FUND.
In prompt compliance with the act of March 14, 1900, a reserve fund
of $150,000,000 in gold coin and bullion was established. This is
$50,000,000 more than it had been the practice of the Department to
treat as security for the redemption of legal-tender notes.
6
REPORT ON T H E F I N A N O E S .
Under the terms of the new statute, whenever United States notes
and Treasury notes have been redeemed in gold adjustment has been
made daily, so that the reserve fund has been steadily kept identical
in volume and character. The notes redeemed have been exchanged
for gold and so restored to the general fund. The United States notes
so treated, up to June 30, were $17,326,100, and the Treasury notes
$3,237,737; to October 1—United States notes, $22,530,854; and Treasury notes, $3,594,708.
DIVISIONS OF ISSUE AND REDEMPTION.
Under the same statute there have been established, as a partof the
Of&ce of the Treasurer of the United States, a Division of Issue and a
Division of Eedemption. To them, respectively, have been assigned the
records and accounts relating to the issue and redemption of United
States notes, gold certificates, silver certificates, and currency certificates. On the books of these divisions have beeu taken up, from the
general fund, accounts relating to the reserve fund for the redemption
of Government notes and certificates. On the 14th of March the condition of these divisions was:
RESERVE FUND.
Gold coin and bullion in Division of Redemption
:
$150,000, 000
TRUST FUNDS.
[Held for tbe redemption of tbe notes and certificates for wiiicb tliey are respectively pledged.]
DIVISION OF REDEMPTION.
Gold coin
Silver dollars
Silver dollars of 1 8 9 0 . . . . . .
Silver bullion of 1890
United States notes
Total
DIVISION OF ISSUE.
$212,799,779
408,447,504
9, 399, 308
77, 370, 692
15, 045, 000
Gold certificates outstanding
$212,799,779
Silver certiiicates outstanding
408,447,504
iTreasury notes outstanding
86, 770, 000
Currency certificates outstanding
15, 045, 000
723,062,283
Total
723,062,283
By June 30 changes had occurred to produce the results here stated:
RESERVE FUND.
Gold coin and bullion in Division of Redemption
$150, 000, 000
TRUST F U N D S .
[Held for tlie redemption of the notes and certificates for wbicb tbey are respectively pledged.]
DIVISION OF REDEMPTION.
Gold coin
Silver dollars
Silver doll ars of 1890
Silver buUion of 1890
United States notes
Total
$227,797,179
416,015, 000
6,153,163
69, 873, 837
3, 705, 000
723,544,179
DIVISION OF ISSUE.
Gold certificates outstanding
$227,797,179
Silver certificates outstanding
416,015,000
[Treasury notes outstanding
76, 027, 000
Currency certificates outstanding
3, 705, 000
Total
723,544,179
TREASURER.
November 1 these divisions presented the exhibit subjoined:
RESERVE
FUND.
Gold coin and bullion in Division of Redemption
TRUST
$150, 000, O C
O
FUNDS.
[Held for tbe redemption of tbe notes and certificates for wbicb tbey are respectively pledged.]
DIVISION OF REDEMPTION.
Gold coin
$248,488,679
Silver dollars
425,124, 000
Silver dollars of 1890
Silver bullion of 1890
United States notes
Total
3, 540,128
62, 022, 872
1, 790, 000
740, 965, 679
DIVISION OF ISSUE.
Gold certificates outstanding
$248,488,679
Silver certificates outstanding . . . .
425,124,000
Treasury notes outstanding
65,563, 000
Currency certificates outstanding
1, 790,000
Total
740,965,679
It, vs^ill be observed that the currency certificates outstanding fell
from $15,045,000 March 14 to $1,790,000 ISTovember 1; gold certificates
took their place as reserves of the national banks. The reduction in
Treasury notes contemplated by the law was during this period
$21,207,000, and silver certificates of $5 and below were issued instead.
The process continues, but is slow, because the Treasury notes come to
the Treasury only in small amounts.
GENERAL F U N D — C A S H IN THE VAULTS.
For convenience of comparison, the items which under the new financial law constitute the general fund are classified in the same way for
the previous fiscal year, and both years are brought together. The
gold reserve is counted as $150,000,000 for each year.
Theavailablecashbalance was greater, June30,1900, by $24,887^093.39
than at the same date in 1899; and October 1,1900, it was $8,663,272.99
greater than at the earlier date.
J u n e 30,1899.
Oold coin a n d b n l l i o n
Grold certificates
.
Standard silver dollars.
S i l v e r certificates
Silver bullion
United States notes
T r e a s u r y n o t e s of 1890
-.
National-banli notes
..
-. - . . . .
F r a c t i o n a l s i l v e r coin
Fractional currency
M i n o r coin
Total
I n national bank depositories:
T o c r e d i t of t b e T r e a s u r e r U n i t e d S t a t e s . . .
T o c r e d i t of d i s b u r s i n g oificers
Total
Awaiting reimbursement:
Bonds and interest paid
Total
Aggregate
•.
Liabilities:
N a t i o n a l - b a n k 5*ner'Cent f u n d . . . . . . .
Outstanding cbecks and drafts . . . .
Disbursing ofiicers'balances
Post-Oflice D e p a r t m e n t a c c o u n t
Miscellaneous items
Total
Available cash balance
J u n e 30,1900.
O c t o b e r l, 1900.
$87, 562, 898. 55
I, 641,050. 00
1,623,082.00
4,367,900.00
958,191.19
14,879, 050. 00
830, 305. 00
280, 000. 00
3, 339, 710. 54
6,096, 024. 71
1,001.03
259,288.79
121, 838, 501. 81
$43, 354, 602. 00
27,318, 640. 00
8,146, 895.00
7,563, 744.00
141,727.37
25,745, 378. 00
589,537.00
$49, 414 832 48
30,716,330.00
2,020, 078. 00
4, 887, 265. 00
292, 023.85
20, 354, 702. 00
113,812.00
8, 576,635.72
6, 574, 812. 42
655.65
447; 272. 79
128,459, 899. 95
.
73, 952, 743. 07
5, 358,129. 37
79, 310,872.44
96, 368,470. 54
6, 025, 717.75
102, 394,188. 29
90,151, 643. 58
6,845, 568. 82
96,997, 212.40
507, 715.16
79, 818, 587. 60
201, 657, 089.41
1, 707, 008. 54
104,101,196. 83
232,561,096. 78
24, 505. 66
97,021,718.06
220, 934, 018.12
8, 995, 926.43
5, 036, 797. 49
49,123, 747. 36
6, 094, 849. 34
2, 864,163. 59
72,115,484. 21
11,855,642.91
5, 482,146.60
49, 394, 512. 00
8,109, 968.00
3, 290,128. 68
78,132, 398.19
12, 299, 773. 49
5 147 390 27
56, 703,130. 25
6, 081,488. 04
2,497, 357.88
82, 729,139.93
129, 541, 605. 20
154,428, 698.59
138,204, 878.19
9, 079, 798.48
6, 568, 555.45
140.72
464, 762. 08
123, 912, 300. 06
8
REPORT ON T H E F I N A N C E S .
The most notable changes are the increase in United States notes
and bank notes held by the Treasury. The smaller holdings of gold,
including certificates ($18,530,706.55 for the fiscal year), is due to the
addition of $50,000,000 to the reserve fund.
By omitting the amounts in the national banks and bonds and interest awaiting reimbursement, we reach the cash assets in the Government vaults. Theseincreased within thelast fiscalyear by $6,621,398.14
and fell ofi* during the first quarter of 1901 $4,547,599.89. A t the same
time to the outstanding cash liabilities the sum of $6,016,913.98 was
added for the fiscal year and $4,596,741.74 for the first quarter of the
current year.
The standard silver dollars advanced $6,523,813 during the fiscal
year and fell $6,126,817 during the next quarter. The silver bullion
was reduced $816,463.82 in the fiscal year by the activity of the Miiit
and increased in the new quarter $150,296.48. For the fiscal year fractional silver coin shows an increase of $478,787.71 and minor coin of
$187,984. The holdings of national-bank notes for the fiscal year
were greater by $5,236,925^18, and for the new qnarter by $503,162.76
additional. The most notable growth is in the kinds of money most in
demand for moving the crops, namely, $3,195,844 in silver certificates
and $10,866,328 in United States notes for the year, and in the new
quarter the former were drawn down by $2^676,479 and the latter by
$5,390,676 for that purpose. While the fractional silver and minor coin
are very necessary for current use they can not be reckoned for the
payment of current obligations, except in ^ small degree. The nationalbank notes on hand are in process of redemption. The cash assets
beyond liabilities, which were $49,723,017.60 June 30, 1899, and
f 50,327,501.76 June 30, 1900, became $41,183,160.13 October 1, 1900.
i'he funds available for payments were Only such share of the gold coin
and certificates, standard dollars, and paper money as estimates on the
current demands oiitstanding will permit. These kinds of money in
the vaults were increased during the fiscal year by $1,814,510.45, and
October 1,1900, were $107,507,018.48.
While the first use of paper money other than gold certificates is for
redemption in kind in such denominations as the business of the country may call for, creditors at different seasons of the year ask now for
gold certificates, now for standard dollars, now for United States notes
and silver certificates. The Treasury seeks to meet the varying demands
as they arise and to render aid for the moving of the crops. It is
therefore a decided advantage to hold a goodly amount of cash in the
Government vaults. These considerations make clear also thait the
cash balance in the Treasury vaults ought to be kept above rather than
below $50,000,000. Should it fall lower than that sum funds could,
under present conditions, be readily drawn from the deposits in the
natiohal banks to replenish it.
THE PUBLIC DEBT.
Since the last annual report of the Treasurer there have been purchased, ias directed b y t h e Secretary, under offer of November 15,1899,
$14,310,350 of the funded loan of 1907 and f4,990,300 of the loan of
1904. The call of the funded loan of 1891, $25,364,500, and the exchange
of bonds under the act of March 14, 1900, are narrated on other pages.
9
TREASURER.
The resultant changes are exhibited in these columns, reciting the
volume of obligations on June 30, 1899 and 1900, respectively, and on
September 30, 1900:
Rate.
F u n d e d l o a n o f 1891..
2
Consols of 1930
L o a n of 1908-1918
F u n d e d loan of 1907..
R e f u n d i n g certificates
L o a n of 1925
L o a u of 1904
M a t u r e d loans
Old d e m a n d n o t e s
United States notes ..
N a t ional-l)ank n o t e s . .
Fractional currency
Gold c e r t i f i c a t e s . . .
Silver certificates
C u r r e n c y certificates
T r e a s u r y n o t e s of 1890
2
3
4
4
4
5
When payable.
J u n e 30, 1899.
J u n e 30, 1900.
S e p t e m b e r 30,
1900.
Total
$25, 364, 500.00
$21,979,850.00
198, 678, 720. 00
559, 652, 300. 00
37, 830. 00
162, 315,400. 00
100, 000, 000. 00
1, 218, 300. 26
53, 847.50
346,681,016.00
35, 817, 381. 50
6,881,408.66
34, 297, 819. 00
406,085,504.00
21, 325, 000. 00
93,518,280.00
307,125, 350.00
128,843,240.00
355, 528, 350. 00
35, 470. 00
162.315,400.00
47, 651, 200. 00
1,176, 320. 26
53, 847. 50
346, 681, 016. 00
35,147, 878. 50
6,878,990.41
227, 797,179. 00
416, 015, 000.00
3, 705, 000.00
76, 027, 000. 00
$335, 250, 600. 00
121,848,840.00
341, 348, 900. 00
35,170. 00
162, 315,400.00
40,700,350.00
5,516, 220.26
53, 847. 50
346, 681, 016. 00
33, 732, 795. 50
6, 878,410.41
239,826, 679. 00
425,153,000.00
1,820, OO'O.'00
67, 714,000.00
1, 991, 927, 306. 92
O p t i o n of U n i t e d
States.
A f t e r A p r . 1,1930.
A f t e r A u g . 1,1898.
J u l y 1,1907
Convertible
Feb.1,1925
F e b . 1,1904
On demand
do
do
do
do
do
do
. . . do
do
2,136,961, 091.67
2,128, 875, 228.67
ANTICIPATION OF I N T E R E S T .
As the cash on hand was greater than immediately needed, and it
was deemed wise by the Secretary to restore the excess to the uses of
general business, the quarterly interest due October 1,1899, was anticipated by notice on September 13, and payment of the coupons was
made on September 18, and on registered bonds by checks mailed September 21. This interest prepaid amounted to $3,208,027. Upon like
notice dated December 14, 1899, the quarterly interest due January 1,
1900, Avas anticipated by payment of the coupons on December 15 and
by mailing of checks on registered bonds on the same date. The moneys so set free were $3,398,504.50.
A larger measure was tried by circular of October 10, 1899, in an
offer to prepay all interest to accrue to July 1, 1900, less a rebate of
two-tenths of 1 per cent a month after ISTovember 1. The prepayments
thus tendered for interest to accrue by quarters were $25,896,535.80,
upon bonds thus classified:
F u n d e d l o a n of 1891, continued at 2 per cent
Funded loan of 1907
L o a n o f 1904
.L o a n o f 1925
Loan of 1908-1918
..'
$380,467.50
16,789,579.50
2,500,000.00
.3,246,308.00'
2,980,180.80
Total
25,896,535.80
Without rebate, interest due jN'ovember 1 was paid amounting to
$916,038.61. Bondholders, however, accepted only $2,229,191.35 at a
rebate of $21,101.78.
PURCHASE OF BONDS.
Under the proposal made by the Secretary November 15, 1899, to
buy for the Treasury $25,000,000 ofthe bonds of the fours of 1907 and
the fives of 1904 there were received and paid for $19,300,650. The
price named Avas 112.75 for the fours and 111 for the fives. The purchases were as follows:
T i t l e of l o a n .
Principal.
Interest.
F u n d e d loan 1907
L o a n of 1904
$14. 310, 350
4,990, 300
$83, 078. 64
14, 636. 72
$1,824,569.40
548,933.00
Total
19, 300, 650
97,715. 36
2, 373, 502.40
Premium.
10
REPORT ON T H E F I N A N C E S .
PAYMENT OF THE FUNDED LOAN OF 1 8 9 1 .
May 18, 1900, the Secretary by circular gave notice that the funded
loan of 1891, $25,364,500, would be paid on presentation, and that the
interest on the bonds would cease three months from that date. The redemptions under this notice were in May, $380,500; in June, $3,004,150;
in July, $2,353,950; in August, $11,600,250; in September, $3,684,500,
and in October, $2,086,150. Thus there remained outstanding November 1, $2,255,000. To the date of the stoppage of interest, August 18,
bonds for $13,004,250 were redeemed.
CONSOLS OF 1930.
Under section 11 of the act of March 14,1900, the securities for which
exchange could be made amounted to $839,146,340, and were of the 4
percents of the loan of 1907, $545,345,200: of the 5 percents, loan of
1904, $95,009,700; and of the 3 percents, loan of 1908-1918, $198,791,440.
By June 30, consols of 1930 had been issued to the amount of $307,125,350, which was 36.6 per cent of the total eligible. The classes of
bonds taken in exchange are stated below, with the accrued interest
and worth at date of payment:
Principal.
Title of loan.
Fundedloanof 1907
Loanof 1904
Loan of 1908-1918...
Present
Accrued in- wortb in exterest.
cess of par
value..
$189, 817,450 $257,487. 70 $22,071,956.35
47, 358, 500 364, 611.48 4,736, 486. 72
69, 949,400
329,847.45
3, 965,109. 34
Total
307,125, 350
951, 946. 63 30, 773, 552.41
Of the above amount of bonds there were received from persons and
institutions other than national banks, $80,404,850; from national banks
on circulation account, $186,859,500; and account of public moneys,
$39,861,000.
The percentage of each class of bonds, with the saving of interest
on each and the net saving to the Government, to June 30, is subjoined:'
Per cent of
tbe bonds
outstanding Saving in in- Net saving.
terest.
Mar. 1, 1900,
exchanged.
Title of loan.
Funded loan of 1907
Loan of 1904
Loan of 1908-1918
Total
...
.
:
34. 807
49. 846
35.187
$27, 399, 696
5, 405, 379
5, 810, 669
$5, 327,740
668, 892
1,845,560
36. 600
38, 615, 744
7, 842,192
By the adjustment of interest which had been prepaid, of accrued
interest on the new consols, and a small sum on account of public
deposits, the checks issued were $30,404,850. The '' saving in interest"
is computed on the basis of an average date of maturity. The net
saving by the exchange of bonds to June 30 was $7,842,192. The
amount of present worth, as stated above, $30,773,552, was charged
to the sinking fund.
TREASURER.
11
By ISTovember 1 these transactions had reached these amounts:
Principal.
T i t l e of l o a n .
$208, 831, 000
58, 503,150
78,196, 600
F u n d e d loan of 1907
Loanjof 1904
L o a n of 1908-1918
345, 530, 750
Total
Present
A c c r u e d in- w o r t h i n e x - .
c e s s of p a r
terest.
value.
$319,176. 27 $24,180,494. 50
454,1.38. 85
5, 743, 063. 38
364, 686.66
4, 414, 784. 56
1,138,001.78
34,338,342. 44
The percentage of the several classes of bonds exchanged, the saving
of interest, and the net saving to the Government, reached by November 1, show the following aggregates:
P c - c e n t a g e of
b o n d s outS a v i n g in instanding
terest.
M a r . 1, 1900,
exchanged.
Class of b o n d s .
F u n d e d l o a n of 1907
L o a n of 1904. . . .
L o a n of 1908-1918
Net saving.
38.293
61.576
39. 336
Total
$30, 007, 595
6,549, 009
6, 467, 356
$5,827,101
805 946
2,052, 571
41.176
..
43,023,960
8, 685, 618
So far as these transactions are concerned the principal of the public debt is unchanged, but the rate of interest is reduced to 2 per
cent on obligations amounting to the total exchanged, at that date
$345,530,750.
SECURITY FOR BANK CIRCULATION.
The Treasurer held as security for the circulating notes ofthe national
banks, at the period stated, bonds of the United States of these classes
and for these amounts:
T i t l e of l o a n .
F u n d e d loan of 1891
Consols of 1930
L o a n of 1908-1918
F u n d e d l o a n of 1907
L o a n of 1925
L o a n of 1904
Total
R a t e . J u n e 30,1899. J u n e 30,1900. Oct. 30, 1900.
2
2
3
4
4
5
$20, 557, 600
49,004, 360
128, 241, 300
17, 632,750
14, 252,100
$11, 009, 400
237, 833, 950
10, 009, 640
16,460, 700
7, 762, 850
I, 301, 500
$1, 775, 950
263, 075, 000
7, 767, 880
13,952, 950
8,810, 350
1, 373, 000
229, 688,110
284, 378,040
296 755 130
The change in the classes of bonds will be noticed. The new bonds
became $263,075,000 by October 1, while the bonds eligible for
exchange were largely reduced, and the old twos fell from $20,557,600
June 30,1899, to $1,775,950. These changes continued after the date
to whicli the table is brought.
12
REPORT
ON T H E
FINANOES.
INCREASE IN T H E
CURRENCY.
A comparison of the coin and paper in circulation at the beginning
and end of the fiscal year 1900 marks an increase of $129,941,257, and
by October 1 a further increase of $50,869,487. By kinds the figures
are:
Kind.
July 1,1899.
Gold coin
Gold certificates
Standard silver dollars
Silver certificates
Su'^sidiary silver
Treasury notes of 1890
IJnited States notes . . .
Currency certificates..
ISI ational-bank notes...
Total
$702, 060, 459
32, 656, 269
63, 381, 751
401, 869, 343
70, 675, 682
92, 605, 792
310,547,349
20,855,000
237, 832, 594
1,932,484,239
July 1,1900.
$614, 918, 991
200, 555,469
66, 429, 476
408, 499, 347
76, 294, 050
75, 247,497
316,614,114
3,705,000
300,161, 552
2, 062,425, 496
Oct. 1,1900.
$620, 047, 309
209,110, 349
71,176, 265
420, 265, 735
79,432,193
67, 600,188
324, 506, 314
1, 820,000
319, 336, 630
2,113,294,!
The apparent reduction in gold coin of $87,141,468 during the past
fiscal year is more than offset by the addition of $167,81)9,200 to the
gold certificates, against which coin stands in the Government vaults, so
that the total of gold and its immediate representatives increased during the year $80,757,732. The increase in standard silver dollars was
$3,047,725 and in subsidiary silver $5,618,36s. National-bank notes
ran up $62,328,958. The large decrease in currency certificates was
due to the law of March 14,1900, under which they are no longer available as bank reserves. By the effects of the same law are explained
the reduction in Treasury notes and the addition to the volume of silver
certificates.
In the first quarter of the current fiscal year, as shown in the last
column of the table, the gold, including certificates, became $829,157,658
October 1, an increase of $13,683,198. There was an increase also in
standard dollars of $4,746,789; in subsidiary silver of $3,138,143, and
in national-bank notes of $19,175,078. The total circulation increased
$50,869,487 during the quarter. As a result of these changes the circulation per capita advanced from $25.38 at the beginning of the fiscal
year to $26.50 at its close, and to $27.01 October 1, 1900. This abundance is unparalleled in our history.
The per capita of gold, including certificates, October 1, 1900, was
$10,598, and that is greater than that of all our currency of all kinds in
1862, and the total greater than all our circulation at any time previous
to July, 1879.
October 1,1900, gold, including gold certificates, constituted 39.235
per cent of our total circulation; silver dollars, including silver certificates and Treasury notes, 26.454 per cent; national-bank notes 15.111
per Cent, and United States notes 15.355 per cent. The comparison is
significant that the percentage of United States notes to total circula
tion was June 30, 1890, 22.58, and June 30,1880, was as great as 32.07.
While the United States notes are liinited in volume by statute, and
the silver certificates and Treasury notes by the standard dollars against
which they are issued, the gold is constantly growing, as the tables in
the appendix testify.
T H E MONETARY
STOCK.
The Director of the Mint, in his final revision of the estimate of the
stock of metallic inoney on June 30, 1900, places the aggregate at
$1,681,810,294, of which $1,034,439,264 was gold and $647,371,030 sil
13
TREASURER.
ver. Theincrease of $71,573,759 in gold is less than the average of
recent years, for the gain in 1897 was $96,672,578; in 1898 it was
$165,244,238, and in 1899 $101,350,725. In the mean time the multiplication of gold certificates has beep rapid. While these add nothing
to the effective mone^y..stock, they strengthen the circulation only
less than would the coih which they represent. A comparative statement of the estimates for 1899 and 1900, together with the amounts of
paper currency shown to be outstanding by the books of this office and
those of the Comptroller of the Ourrency. is given in the annexed
table.
I n Treasury
and mints.
Kind.
In circulation.
Total stock.
J l i n e 30, 1899.
Gold coin a n d b u l l i o n
Silver d o l l a r s a n d b u l l i o n
F r a c t i o n a l silver coin
$283,127,455
502, 600, 703
5, 800,728
$679, 738, 050
61, 819, 488
69, 065, 824
$962, 865, 505
564, 420,191
74, 866, 552
Total metallic
791,528, 886
810,623,362
1, 602,152, 248
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
G o l d certificates
S i l v e r certificates
Currency certificates..--.
38,329,174
956, 516
3, 545, 432
I, 641, 900
3, 948, 887
1,080, 000
308,351.842
92, 561, 764
237, 805, 439
32, 655, 919
402,136, 617
20, 275. 000
346, 681, 016
93 518 280
241, 350, 871
34,297,819
406, 085, 504
21, 355, 000
..
Total paper
49, 501, 909
1, 093, 786, 581
1,143,288,490
841, 030,795
1,904,409,943
2,.745,440, 738
423, 695, 523
500, 937,177
6, 702, 754
610,743,741
63, 570,111
76,160, 988
1, 034, 439, 264
"' 564, 5 0 7 ; ^ 8
82, 863, 742
931, 335, 454
750,474,840
1, 681, 810, 294
32, 709, 471
723,058
9, 525, 332
27,284,160
7, 549,426
313,971,545
75, 303. 942
300,115,111
200, 733, 019
408,465, 574
3, 705, 000
346, 681, 016
76, 027, 000
309, 640, 443
228,017,179
416, 015, 000
3,705, 000
77,791,447
1,302,294,191
1.380,085,638
1,009,126,901
Affffresate
2. 052, 769,031
3, 061,895, 932
J u n e 30. 1900.
Gold coin a n d b u l l i o n -., „
Silver d o l l a r s a n d bullion
F r a c t i o n a l silver c o i n . .
.
Total metallic
United States notes
T r e a s u r y n o t e s of 1890
Nationai-bfiiik n o t e s
Gold certificates
Silver certificates
'.
Total paper
Ao'gregate
For later data the current monthly estimate for November 1,1900, is
presented in the same form:
MONETARY STOCK N O V E M B E R 1,
Kind.
I n Treasury
and mints.
1900.
I n circuiatiou.
Total stock.
$458, 266,144
490, 072, 812
5, 641, 098
$621,761, 263
73,479, 469
81,035,187
$1, 080, 027, 407
563, 552, 281
86, 676, 285
Total metallic
953, 980, 054
776, 275, 919
1,730,255,973
United States notes .......
T r e a s u r y n o t e s of 1890 ..
National-bank notes
Gold certificates
S i l v e r certificates
C u r r e n c y certificates
~ 13,385,955
84,540
6, 318, 390
32, 892, 710
3,743,255
10, 000
333,295, 061
65, 478, 460
325, 375, 258
215, 595, 969
421, 380,745
I, 780, 000
346, 681, 016
65, 563, 000
331, 693, 648
248, 488, 679
425,124,000
1,790,000
56, 434, 850
1, 362, 905,493
1, 419, 340, 343
1, 010,414, 904
2,139,181,412
3,149, 596, 316
Gold coin a n d b u l l i o n
Silver d o l l a r s a n d bullion
F r a c t i o n a l s i l v e r coin
Total paper
Aggregate
14
REPORT ON T H E FINANOES.
A further addition of $45,588,143 in gold during the four months
brings the total up to $1,080,027,407. Aside from the immense mass
itself of the precious metal here represented, the figures are the more
remarkable because they show that in so short a period as has elapsed
since August 1,1896, the stock of gold has increased more than 81 per
cent. Besides, while doubts may have been entertained of the authoritative accuracy of earlier estimates, the evidence of this increase of
$484,721,238 in fifty-one months is unquestionable, for every dollar of
it passed within that time nnder the eyes of the officials of the Department, in the custom-houses or mints.
WORKING OF T H E NEW FINANCIAL LAW.
The practice of the Department for years maintained a reserve of
$100,000,000 in gold for redemption purposes, without specific statutory
requirement. The provision of the act of March 14, 1900, declaring
that it shall be the duty of the Secretary of the Treasury to set apart a
reserve fund, was a marked advance, giving the sanctity of law to
the guaranty for redemption in gold. The addition of one-half to the
reserve, making it $150,000,000, gave strength and security in even
greater degree, for the ratio of the fund to the possible volume of United
States notes was raised from 28.845 per cent to 43.267 per cent.
The gradual retirement of the Treasury notes of 1890 takes away
$86,770,000, as their amouut was at the passage of the act, from the
notes for which redemption in gold was to be provided. The ratio of
the new reserve fund to both classes of legal-tender notes before such
retirement would have been only 34 per cent This change reduces the
demands on the fund in a very large degree. While the effect is not
immediate, the Treasury notes as they steadily become smaller in volume are presented for redemption at a rate constantly diminishing
The unwillingness of the business community to make use of actual
gold coin and the preference for paper have their effect also in the same
direction; and it is to be noted that legal-tender notes are held in favor
by many bankers even above gold certificates.
The positive directions of the way in which the reserve fund must
be restored—if depleted—and maintained are like armor plate to a
ship of war. The exchange of notes redeemed for gold coin, the acceptance of such coin for United States notes, and the purchase of coin in
emergency, provide ample resources so long as the revenues are adequate to meet the expenditures of the Government. The conditions
must be grave and created by causes not now apparent which will carry
bhe reserve below $100,000,000, contemplated by the statute as creating
an emergency. Then the duty is imposed on the Secretary to sell goldbearing bonds to gather in the full sum of $150,000,000. Such a heroic
measure could not fail to bring the reserve quite promptly to its full
sum and strength.
Material conditions cooperate with the statute. Gold flows into the
Government coffers and general circulation in a steady stream. To
the stock in the country an addition was inade in the last fiscal year of
$71,573,759 in coin and bullion and $193,719,360 in gold certificates.
No signs of a cessation of this supply appear. The immense balance
of trade in favor of our country for successive years also fortifies the
Treasury. That balance, which was $615,432,676 in 1898, $529,874,813
in 1899, and $544,542,131 in 1900, gives an average of $563,283,207.
Upon merely commercial grounds, therefore, exports of gold can not
become dangerous in amount. Eecent experience is that as the yellow
metal now goes abroad it is furnished from sources other than the treas
ures of the Government.
15
TREASURER.
Although by the new law only 10 per cent of the silver certificates
can be of denominations of over $10, on November 1, of $425,124,000,
$73,235,605 was in larger certificates—an excess of $30,723,205 above
the legal margin. Since March 14 no issue from the Treasury has
been made of such large denominations, but the return for redemption
or in payments has been slow. Gradually they will be presented and
will disappear, and their places will be taken by smaller denominations.
These are much sought after from all parts of the country. Indeed,
requests are not infrequent that they may be furnished in return for
gold. Thus the'^endless chain," which once caused so much apprehension, now has all its links of gold.
Administered in its spirit and its intent, the new financial law provides means and methods for maintaining the gold standard by the
strict defense of the reserve fund. While the issue of gold certificates
has, as stated in another connection, enabled the Treasury to keep on
hand, ready for the movement of the crops, a larger supply of other
paper currency than in recent years, it also adds in those of $20 and.
$50 to the kinds of money most called for, for cotton and cotton-seed
oil, and sugar, as well as for grains and meat products.
The exchange of bonds, the more liberal provisions for the coinage
of subsidiary coin, and the additions to the securities for the circulation of natipnal banks, resulting from the new law, receive mention on
other pages of this report.
SEALED AND P R E P A R E D FOR ISSUE.
Notes and certificates are sealed and prepared for issue in advance
of putting them into the cash for circulation. To provide the denominations and kinds liable to be called for and to secure good wearing
qualities by allowing the ink to dry, as well as to guard against contingencies in production, wise precaution prompts the preparation for
use of a considerable volume of such paper. The demands are so great
that additional facilities to this end have been called into requisition
during the fiscal year. The smaller denominations meet with marked
favor, and for that reason the number of notes is much greater than
heretofore. In the year ending with September, 1900, compared with
the twelve months preceding, the one-dollar notes were piore by
$5,820,000, the twos by $10,000,000, the fives by $20,040,000, the tens
by $46,040,000, and the twenties by $1,680,000. The table subjoined
presents the product of the two years by kinds and denominations:
Year ending Sept. 30,1899.
Kind and denomination.
Number of
notes.
Amount.
Year ending Sept. 30,1900.
Number of
notes.
Amount.
UNITED STATES NOTES.
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars . Five hundred dollars.
One thousand dollars .
Total
5, 060, 000
2,416, 000
880, 000
IOO, 000
80, 000
20, 000
$25, 300, 000
24,160,000
17,600, 000
5,000,000
8,000, 000
3,536, 000
3, 592, 000
I, 024, 000
200, 000
100, 000
20,000
$17,680, 000
35, 920, 000
20,480, 000
10, 000, 000
10, 000, 000
10,000, 000
8, 472, 000
104, 080,000
. 20, 000, 000
8, 556, 000
IOO, 060,000
4,204,000
1, 460, 000
1, 424,000
192, 000
320, 000
4,204, 000
2,920, 000
7,120,000
1,920,000
6, 400, 000
484,000
2, 420, OOO
7, 600, 000
22, 564,000
484,000
2,420, 000
TREASURY NOTES.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Total
16
REPORT ON THE FINANCES.
Y e a r e n d i n g Sept. 30,1899.
K i n d and denomination.
Y e a r e n d i n g Sept. 30,1900.
N u r a ber of
notes.
N u m b e r of
notes.
Amount.
GOLD C E R T I F I C A T E S .
$24, 560, 000
8, 400, 000
8, 000, 000
8, 000, 000
8,000,000
2, 040, 000
356,000
180, 000
20, 000
22, 000
4,000
9,000
$40, 800, 000
17,800,000
18, 000,000
10, 000, 000
22, 000, 000
20, 000, 000
90, 000, 000
56, 960, 000
2, 631, 000
218, 600, 000
32, 916, 000
8, 656, 000
6, 928, 000
2,172, 000
552,000
104, 000
32,916, 000
17, 312, 000
34,640,000
21, 720, 000
11, 040, 000
5, 200, 000
42, 940, 000
15,116,000
13, 400, 000
5,792, 000
51, 328,000
Total .
1,228,000
168, 000
80, 000
16, 000
8,000
1, 500, 000
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars . .
FiYC h u n d r e d d o l l a r s .
On,e t h o u s a n d d o l l a r s .
Five thousand dollars.
Ten thousand dollars .
122, 828, 000
77, 248, 000
198,092, 000
6,000
60, 000, 000
60, 000, 000
42,940, 000
15,116, 000
17, 420, 000
9, 381, 000
3, 064, 000
556, 000
280, 000
40, 000
22, 000
4,000
9,000
42, 940, 000
30, 232, 000
87,100, 000
93,840, 000
61, 280, 000
27, 800, 000
28, 000, 000
20, 000, 000
22,000, 000
20, 000, 000
90, 000, 000
362, 412, 000
88, 835, 000
SILVER C E R T I F I C A T E S .
One, d o l l a r
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars .
Fifty dollars
Total.
42,
30,
67,
57,
940, 000
232, 000
000, 000
920, 000
CURRENCY C E R T I F I C A T E S .
Ten t h o u s a n d dollars
AGGREGATE.
One d o l l a r
T w o dollars
F i v e dollars
Ten dollars
T w e n t y dollars
Fiftydollars
One b u n d r e d d o l l a r s . . .
Five hundred dollars ..
Onethousand dollars..
F i v e thousand dollars .
T e n t h o u s a n d dollars . .
Total.
37,120, 000
10,116, 000
13, 412, 000
4, 780, 000
2, 980, 000
372, 000
160,000
16, 000
28, 000
6,000
68, 990, 000
37,120, 000
20, 232, 000
67, 060, 000
47,800,000
59, 600, 000
18, 600,000
16, 000, 000
8, 000, 000
28, 000, 000
523,192,000
REDEMPTION OF NOTES AND CERTIFICATES.
To one who has not had the matter forced upon him, the immense
mass of paper redeeined in the course of a year is nothing less than
marvelous. National-bank notes are handled separately and are mentioned on another page. The paper issued directly by the Government,
owing to ttie broader use of smaller deiiominatioiis, which wear out
sooner than larger ones, reaches the division of redemption in active
months in the year compared with each other in an ever-rising flood.
The notes and their amounts redeemed and destroyed in the two recent
years were:
Y e a r e u d i n g S e p t . 30,1899.
Kind and denomination.
N u m b e r of
notes.
Amount.
Y e a r e n d i n g S e p t . 30,1900.
N u m b e r of
notes.
Amount.
U N I T E D STATES NOTES
One dollar
T w o dollars
F i v e dollars
Ten dollars
T w e n t y dollars.
Fifty dollars
One b u n d r e d d o l l a r s
F i v e hundred dollars
One thousand dollars
Total
228,412
143, 054
3, 700, 882
1, 648, 991
606, 775
44, 675
40,194
8,433
18,290
$228,412
286,108
18, 504,410
16, 489, 910
12,135,510
2, 233, 750
4,019,400
4,216, 500
18, 290, 000
135,849
138,618
5,162, 526
2, 408, 267
837, 684
46, 220
54, 596
3,022
9,752
$135, 849
277,236
25,812,630
24, 082, 670
16,753,690
2, 311, 025
5, 459, 650
I, 511, 250
9, 752, 000
6, 439, 706
76,404, 000
8,796,534
86, 096, 000
17
TBBASUBBE.
Y e a r e n d i n g S e p t . 30,1899.
K i n d and denomination.
N u m b e r of
notes.
Amount.
Y e a r e n d i n g S e p t . 30,1900.
N u m b e r of
notes.
TREASURY NOTES.
One dollar
T w o dollars
F i v e doUars
Ten dollars
T w e n t y dollars
Fifty dollars
Onehundred dollars..
One thousand dollars .
9, 363,963
3,104,606
1,966, 627
690, 309
99,525
1,984
5,389
220
15,232, 623
35,158, 000
12,105,877
20,366
5,201
2,790
394
285
18
27
407,330
260,050
279, 600
197,000
285, 000
90, 000
270, 000
197, 972
32, 554
19, 244
2,641
1,911
117
115
29, 087
1, 788, 980
254,554
21, 871, 391
5, 691,858
8, 077,576
3, 375,141
906, 606
133,427
93, 651
78
75
21, 871,391
I I , 383, 717
40,387, 882
33,751, 415
18,132,120
6,671, 375
9, 365,100
39, 000
75, 000
29, 898,193
7, 391,193
8,689, 666
4,110,547
1,141, 270
230,105
14,044
216
4,819
40,149,803
141, 677, 000
51,480, 053
31, 463, 766
8, 939, 518
13, 745, 085
5, 714,441
1, 633, 272
185, 287
142, 030
8,905
18, 870
18
27
31,463,766
17, 879,037
68,725,427
57,144,415
32, 665, 460
9,264, 375
14,203, 000
4,452, 500
18, 870, 000
90, 000
270. 000
36,413, 682
10, 003,701
16,139, 522
7,356, 983
2,298,727
309, 627
91, 405
5,879
17, 260
117
115
36,413,682
20, 007,402
80, 697, 610
73,569, 830
45, 974, 550
15,481,400
9,140, 600
2,939, 750
17, 260, 000
585, 000
T, 150,000
61, 851, 219
Total .
$9, 363, 963
6, 209, 212
9,833,135
6, 903, 090
1, 990, 500
99, 200
538, 900
220, 000
255, 027, 980
72, 637, 018
303, 219,824
6,379,640
2, 473, 890
2,287,330
838,169
121, 801
748
3,521
778
$6, 379, 640
4, 947,780
II, 436,650
8,381, 690
2,436, 020
37,400
352, IOO
778, 000
34,749, 2S0
GOLD C E R T I F I C A T E S .
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 dollars
One t h o u s a n d d o l l a r s
Five thousand dollars
T e n t h o u s a n d dollars
Total...
3, 959, 440
1, 627,700
1, 924, 400
I, 320, 500 .
1,911, 000
585,000
1,150, 000
12, 478, 040
SILVER CERTIFICATES.
One dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fiftydollars
O n e h u n d r e d dollars . .
Fivehundred dollars..
One thousand dollars .
Total
29, 898,193
14, 782, 386
43,448, 330
41,105, 470
22,825, 400
II, 505, 275
1, 404, 450
108, 000
4,819,000
169,896,504
AGGREGATE.
O n e dollar
T w o dollars
Fivedollars
T e n dollars
T w e n t y dollars
Fiftydollars
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 i l a r s ..
Five thousand dollars.
T e n t h o u s a n d d o l l a r s ..
Total .
The use of currency certificates, of gold certificates to order of $5,000,
and of silver certificates above $100, was abolished by the act of March
14,1900. Accordingly all such paper prepared for issue, but never sent
out, was destroyed by the committee of the Department charged with
the destruction of unavailable notes and certificates. The total was
$166,095,000, in the following items:
Silver certificates, denomination $1,000
Gold certificates, series 1888:
Blank, to order, denomination $5,000.
Blank, to order, denomination $10,000
New York, to order, denomination $5,000
New York, to order, denomination $10,000
Currency certificates:
Act J u n e 8,1872, denomination $5,000
Act J u n e 8,1872, denomination $10,000
Total
FI1900
$5, 900,000
12, 790,000
26,400, 000
12, 560, 000
19,560, 000
14, 075, 000
74,810,000
166,095,000
2
18
REPORT ON THE
FINANCES.
INCREASE IN SMALL DENOMINATIONS.
The demand for notes of small denominations to which attention was
called in the report of this of&ce last year has not only continued, but
has taken on much larger proportions. The denominations of paper
in circulation on September 30 for ^ye years are here stated, with the
gold coin of which none is larger than $20:
•
S e p t e m b e r 30—
Denomination.
1896.
1897.
1899.
1898.
1900.
$528, 098, 753
$622,649, 812
$646, 561,185
$620, 047, 309
090, 748
742, 360
812,149
921,106
389, 620
47, 388, 215
30, 436, 596
273, 393, 522
302, 691, 417
21)7, 524, 076
51,643,535
32, 782, 988
282,639, 237
316, 745,997
219, 279,106
57, 810, 855
35,983, 321
291, 845, 505
324, 244,112
251, 872,486
61, 528, 399
38,967, 286
298,136, 679
376, 617, 472
291,952,816
' Total t w e n t y dollars
and u n d e r in paper.
872, 955, 983
861, 433,826
903, 090, 863
961, 756, 279
1, 067,202, 652
Fifty dollars
:
One h u u d r e d d o l l a r s
F i v e h u n d r e d dollars
O u e t h o u s a u d clollars
F i v e thousand clollars...
T e n thousand dollars —
39,948,215
79, 773, 270
10, 043, 500
89,255,500
6, 540, 000
46, 800, 000
43, 625,865
80, 819, 070
19, 373, 500
89, 678, 500
6, 620,000
65,450, 000
60, 229, 915
68, 990,170
21, 647, 500
68, 923, 500
14, 630, 000
42, 810, 000
61,922, 965
81, 314,170
22,104, 750
78, 788, 500
29, 325, 000
68,100, 000
G-old coin
$478, 771,490
-
Pa^er currency:
One cl ollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
T o t a l fifty
and over
46,
30,
279,
304,
211,
-
50,
60,
19,
68,
5,
29,
452,
382,
353,
053,
855,
960,
390
470
500
500
000
000
dollars
Aggregate paper
U n k n o w n , destroyed
272,360, 485
305, 566, 935
234, 056, 860
277, 231, 085
341 555,385
1,145, 316, 468
1, 000, 000
—
1,167, 000, 761
1, 000, 000
1,137,147, 723
1, 000, 000
1, 238,987, 364
1,000, 000
1, 408,758,037
1, 000, 000
1,144, 316, 468
1,166,000, 761
1,136,147, 723
1, 237, 987, 364
1, 407,758, 037
Net paper
With a total circulation of $2,113,294,983 on October 1, there was
outstanding only $341,555,385, or 16.16 per cent, in denominations
larger than $20.
TRANSACTIONS IN OOLD.
The operations of the Treasury, including those with its several
branches, are in increasing measure in gold. The movements within
the Department, of course, add largely to the aggregates. In the fiscal
year closing with June, 1900, the receipts in gold were $641,080,001
and the disbursements $560,642,128 greater than in the preceding
twelve months. The issues of gold certificates then resumed explain
$217,545,000 and in transfers of them $186,142,511 of the increase in
receipts, while in the disbursements a growth of $203,678,633 in transfers and of $67,779,298 in gold certificates is due to the like cause.
Because the issues and disbursements and transfers of gold certificates reached their maximum in the fiscal year 1900, there is a falling
oft' in the transactions in gold coin for the first quarter of 1901.
19
TREASURER.
The details are compared in the annexed table:
Fiscal year.
Account.
1899.
First quarter.
1900.
1901.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Gold bars
Standard silver dollars
Fractional silver coin
,
Minor coin
Gold certificates
Kedempticm and exchange.
Special customs deposit
Issues of gold certificates-.
Loan of 1898
$134, 922, 362
$169,259, 964 $43, 563, 744
536, 526
1,521,033
7, 392, 801
970, 905
6, 094, 999
22,761,870
2, 723, 084
12, 500, 647
527, 297, 854 156, 096,177
2, 858, 826
26, 307,178
3,470,270
1, 052, 570
6, 695, 975
2, 480,190
273,270
296, 644
965, 687
24, 445, 000 12,320,000
13,436, 060
172, 282, 974 57,199, 223
98, 824, 345
345,548,521
353,511,051
217, 545, 000 103, 380, 000
27, 466, 080
102, 887
$41,142, 832
271,352
545,781
3, 363, 222
2, 229, 369
101,691,803
21,150,692
1, 573, 830
2, 249, 420
280,865
4, 090, 000
43,731,146
92,121, 670
24, 040, 000
905, 980,190 1, 546, 060,191 488, 373, 859
338, 481, 982
13,465,
565,547,
033,
038,
907, 012
8, 248, 384
12, 963,146
7, 819, 786
341, 155, 343
8, 502, 661
1, 604, 595
3. 109, 596
•I:
Total.
DISBURSEMENTS.
Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Bedemption and exchange:
Gold coin
Standard silver dollars...
Fractional silver coin
United States notes
Treasury notes of 1890...
Nationai-bank notes
Gold certificates
Silver certificates
Minor coin
Clearing-house balances
Redemption aud destruction.
383
668
495
793
31,036,433
668, 940, 345
15, 229,141
208, 717, 426
5, 538, 688
189, 891, 700
4,491,204
81, 071, 500
4,378,832
161,596,197
1,159,170
37, 767, 514
3,627
10, 000
337,871
148, 773
999, 613
124, 748, 538
233, 961
7, 522,135
24, 806, 230
5, 232,148
8,790
70,014,474
1, 808,100
748, 873
222, 594, 920
23, 825, 640
67,786, 930
10, 079,590
235,176
210,000
71, 297
230, 601, 000
122, 330
3,
Total
844, 825,026 1,405,467,154
50,000
1, 283, 234
2, 699, 569
743,745
5,861,070
1,300,000
110,872
38, 918, 500
2,166, 700
401, 913,712
528,827
4, 829,949
263, 974
450
35, 033, 088
42, 007
31,159
76, 375, 000
II, 704, 500
343,790, 257
On November 1 the gross gold in the Treasury reached the highest
figures. It includes the reserve, $150,000,000, the amount held against
gold certificates, $242,670,175, and the gold coin and bullion in the
general fund, $59,777,464.57. The total was thus on that date
$452,447,639.57, and the growth continues.
STANDARD SILVER DOLLARS.
Experience shows that there is a steady increase in the standard
dollars in circulation in the autumn of successive years, with a tendency downward a few months later. Thus in December, 1890, the
silver dollars in circulation were $67,547,023, and fell to $62,921,010 in
March, 1891; in December, 1897, they were $61,491,073, and in July,
1898, $57,293,336; in October, 1899, they were $71,361,740, aud fell to
$65,759,341 in July, 1900. They became $73,479,469 November 1,1900,
and a reduction of several inillions may be looked for by midsummer.
This ebb and flow follows the lines of trade. As money is needed for
moving the crops in the South and West silver dollars are called
for, and when the crops are sold the coins come back to the Treasury
through the banks in those parts of the country. The policy has prevailed for the Government to pay the cost of transportation outward,
while it does not do so on paper money. This difference explains a
20
REPORT ON T H E F I N A N C E S .
part of the demand for silver dollars. If we take $4,000,000 as the
average so sent out and received each year the cost will be found to
be $9,000.
The suggestion may well be considered whether such favoritism
should be shown to silver dollars over other kinds of money. If the
express charges were not paid by the Government the effect would
naturally be to draw out the coins only when permanently needed.
SUBSIDIARY SILVER COIN.
Congress in the act of March 14,1900, contributed much to the convenience of the body of the people by authorizing the extension of
subsidiary silver coin to $100,000,000. By the activity of the Mint
Bureau the Department has been able to meet all requests for these
tokens and they have come in with growing frequency. The volume
in circulation, which was $54,202,140 in January, 1890, and $69,083,516
in January, 1899, arose to $79,432,193 by October 1, 1900.
These coins are the right hand of retail trade, and reach everywhere.
The value of a good supply, such as can now be furnished, can not be
overstated.
MINOR COINS.
The minor coins are not included in the reports of the money in circulation. At the beginning of the fiscal year 1900 they were as
follows:
Coined.
Onft-CGnt bronzG
Fiv6-C6iit DICIIGIS
-
•-•
Total;
!
Remelted.
Outstanding,
$10,072,316.59
17,991,298.10
$119,423.64
1, 362, 974. 60
$9, 952, 892. 95
16 6'58 323 50
28, 063, 614. 69
1,482,398.24
$26, 581,216. 45
The movement during the past fiscal year was much greater than for
the preceding twelve months, and the shipments from the several ofiices
of the Treasury present this comparison:
F i s c a l y e a r 1899:
Office.
Amouut.
Washington
Baltimore
NewYork
Philadelphia
Boston
Ciucinnati
Chicago
St. L o u i s
N e w Orleans
San Francisco
Mint, Philadelphia
E x p e n s e of
transportation.
F i s c a l y e a r 1900.
Amount.
E x p e n s e of
transportation.
$79,000
8,075
440, 519
177,450
91, 915
221, 440
350, 757
245,794
35, 720
290
276, 023
$1,238.60
91.75
4, 400. 50
1,774. 50
918.15
2,490.90
5, 823. 03
4, 950. 93
478. 91
5.85
4,185. 98
$25, 875.00
-1'4, 570. 00
493, 860. 00
65, 289. 90
64, 910. 00
90, 855.00
162, 729. 60
77,584.30
19, 280. 00
12,530.00
:, 147, 487. 21
$357.85
176. 50
4,951.30
758.55
649.10
939.05
2,431.28
1,307. 38
185. 70
167.40
44,796. 90
1, 926, 983
26, 359.10
3,174, 971. 01
56, 721. 01
21
TREASURER.
THE COINAGE.
The gold and silver and minor coins transferred to the mints for
recoinage during the two past fiscal years show an increase in gold
of $44,576, and a decrease in silver of $3,936,470.93. The comparison
by coins is presented in the table:
1899.
1900.
Denomination.
Amount.
Double eagles
Eagles
Raif eagles .
Quarter eagles .
Three-dollar pieces
One-dollar pieces
. . . .
...
•
Total silver
9,193,092. 08
403, 210. 50
$2, 747. 81
525, 456. 28
5, 256, 621.15
300,943. 07
158, 801. 00
190,667. 00
9, 742, 393. 58
$2, 918. 03
2,172,074. 00
2, 025, 734; 50
702. 80
1, 055,170.10
2,704. 40
235. 35
3, 756, 971. 50
4, 250, 540. 25
621.80
1,181,891.00
2, 858. 90
208. 63
Half dollars
Quarter dollars
Twenty-cent pieces
Dimes
Hal f dimes .
Loss.
$187, 860. 00
96, 950. 00
115,155. 00
3, 217. 50
12.00
16.00
$107, 380.00
79, 780.00
164, 940. 00
6, 367. 50
81.00
86.00
358, 634.50
Total gold
Amount.
Loss.
528,204.09
5,818, 632.65
303, 861.10
MONEY FOR MOVING T H E CRO PS.
The Treasury is called upon every year to provide small denomina
tions of paper to facilitate the movements of crops. A large part of this
business is done by the deposit of funds with the assistant treasurer
in New York, for which payment is made by the assistant treasurer in
New Orleans, St. Louis, or Ohicago, respectively. The following table
includes a statement of such deposits from July 1 to November 1, 1899
and 1900:
Paid.
K i n d of m o n e y .
Received,
NewYork.
Washington.
Chicago.
St. L o u i s .
New
Orleans.
1899.
$5, 510, 000
2,105, 000
857, 500
7,500
340, 000
$475,000
2,100, 000
1,102, 500
7,500
285,000
Total
$250,000
$4, 600, 000
8, 820, 000
fiold certificates
United States notes
T r e a s u r v n o t e s of 1890
250, 000
4, 600,000
13, 226, 000
1,181, 000
31,000
798, 000
IOO, 000
100, 000
2,155, 000
1,175,000
20,000
308, 000
435, 000
15, 236, 000
200, 000
3, 350, 000
3, 250, 000
8,436, 000
3 970 000
1900.
Gold coin
1
Grold certificates
United States notes
T r e a s u r y n o t e s of 1890
S i l v e r certificates
Total
$i, 713,666
1,229, 000
500, 000
6,801,000
700, 000
22
REPORT ON T H E FINANCES.
In addition to the transfers through the Treasury, banks ship considerable sums to their correspondents by registered mail.
Whether the South and West have previously gathered funds in
New York, or make loans which the banks there expect every season,
the result is that a large drain takes place. Sometimes complaint
arises over the charges for transportation, which are not under the
control of theTreasury. The legal limits on the volume of Government paper compel the Treasury to require deposits in kind for such
shipments, as a rule. During the present autumn, however, United
States notes and sometimes silver certificates have been paid against
deposits of gold, so far as the holdings of the former by the Treasury
would permit.
The conditions do not indicate a lack of currency or of credit. The
pressure is for particular denominations, those less than $20 and, in
very large measure, those of $5 and below. In previous years, after
the season's demands, haste has been exhibited to seek large notes in
exchange for the smaller ones whose work is done. During the past
twelve months this exchange has not reached previous proportions,
but the Southwest and West have kept the currency paid for the crops,
and the Treasury has put out the largest denominations in decreasing
ratio.
The excess in redemptions in the year ending September 30, 1900,
over that preceding was: In ones, $4,949,916; in twos, $2,128,365; in
fives, $11,972,183; in tens, $16,425,415, and in twenties, $13,309,090.
PORTO RICAN COIN.
The act of April 12, 1900, provides for the substitution of the coins
of the United States for Porto Rican coins in circulation in Porto Eico,
at the rate of 60 cents in the former for each peso of the latter. The
same statute limited the time within which the Porto Rican coins should
continue to be legal tender in the island to August 1. The estimates
of the volume of these older coins were, upon the authority of local
experts and the general in command, 5,920,000 pesos. The exchange
was begun promptly May 1, when the act took effect, by special agents
of the Treasury, and by August 20,5,470,704.97 pesos had been taken
and paid for in $3,282,422.98 money of the United States. The exchange
is still continued at a less rapid rate, and from August 20 to November 1
pesos to the number of 263,099.07 were received, for which $157,859.44
was paid.
SPURIOUS ISSUES. '
The usual tabulation of the spurious silver coins presented at the
of&ces of the Treasury, together with the counterfeit paper money
detected at the office in Washington, is given:
Silver
coins.
Denomination.
$326. 90
868.75
1,711.50
2,612.00
Ten cents
Fifty cents
One dollar
Two dollars
.
Five dollars
Ten dollars
Twenty dollars
. .
Fifty dollars
One hundred dollars
.. .
Total
5, 519.15
United
States
notes.
Treasury Nationalbank
n o t e s of
notes.
1890.
Silver
certificates.
Practional
currency.
$0.80
11.75
339. 00
$12. 00
14.00
185. 00
270. 00
860. 00
950. 00
2,291. 00
$44; 00
5.00
49.00
$1.00
46.00
410.00
590.00
580.00
50.00
400. 00
$2.00
292. 00
175. 00
390.00
2, 077.00
859.00
•351.55
Total.
$327. 70
880.50
2, 050. 50
2, 627. 00
396.00
775.00
1, 250. 00
1,440.00
I, 000.00
400.00
11,146.70
23
TREASURER.
Although the aggregate is larger than in recent years, the increase
is not sufficient to be of any special significance. Most marked is the
cbntinued activity of the counterfeiters of silver, but the record shows
that the growth of their production has been checked. On the other
hand, the criminal workers in nickel and copper have continued their
career with little interruption. The total number of 1-cent pieces thrown
out during the year was no less than 121,652. In 1899 the total
was 87,101. The number of 5-cent nickel pieces was 3,277, as compared with 2,827 in the previous year. Thirteen counterfeit gold coins
and five compound-interest notes were rejected at this office.
TRUST
FUNDS.
In consequence of the operations under the new financial law, which,
so far as they relate to the refunding of the debt and the changes in the
securities held for depository banks, have been detailed in preceding
pages, the substitutions of one kind of bonds for another as security
for national-bank notes, and the increase of the aggregate amount of
bonds on deposit for this purpose, have been unusually heavy. The
amountof the fresh deposits of bonds during thefisoal year was $305,107,370, against withdrawals of $250,417,440. The total on deposit
was $229,688,110 at the opening of the year and $284,378,040 at the
close. A statement of the amount of each kind of bonds on deposit
at the two dates and of the movements within the period will be found
in the appendix.
On February 24,1900, the fifth note of the series of twenty given by
the Gentral Pacific Railroad Oompany in purchase of the road, amounting in principal and interest to $2,946,194.79, was paid, and first mortgage bonds of the company of the face value of $2,941,000 held as
collateral security were surrendered.
Arkansas State bonds for $160,000, formerly belonging to the Indian
trust fund and later transferred to the Secretary of the Treasury, were
paid between February 13 and August 4, 1900, in five installments.
The remainder of the fund of which these bonds were a part is now
composed as follows:
$37,000.00
58,000. 00
335, 660. 66|
581, 800. 00
13,000.00
125, 000. 00
132, 000.00
Louisiana State bonds
North Carolina State bonds
Tennessee State bonds
Virginia State bonds
Chesapeake and Ohio Canal bonds guaranteed by Virginia,
South Carolina State stocks
Florida State stocks
Total
:
1, 282, 466. 66|
United States bonds are held under specific provisions of law for
private institutions as set out below :
Institution.
American Printing House for the Blind.
Manhattan Savings Institutiou
North American Commercial Company..
Total.
Rate of
interest.
Per cent.
4
4
2
$250,000
. 75, 000
50, 000
375,000
^4
REPORT ON T H E F I N A N C E S .
United States 4 per cent bonds amounting to $70,000, formerly held
as a special deposit in the name of the Comptroller of the Ourrency
for the Fidelity National Bank of Gincinnati, were delivered to the
Comptroller, March 15,1900, and sold for the benefit of the creditors
of the bank.
Captured bonds of the State of Louisiana of the face value of
$546,480 are held for the Secretary of War.
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 report.
During the fiscal year 3.65 per cent bonds for $2,500 were issued and
sold to provide funds to pay interest, under a decree of court, on board
of audit certificates, as provided in the act of Congress approved August
13,1894. The total issue of 3.65 per cent bonds to date is $14,969,300,
leaving $30,700 yet to be issued to reach the limit of $15,000,000 fixed
by law. The net reduction of the bonded debt during the year was
$796,900 and of the annual interest charge $40,405.
Under authority of the act of Congress approved June 11, 1878, the
Treasurer, on July 1, 1878, assumed charge of the sinking fuhds and
funded debt of the District. The debt at that time was $22,106,650,
and has been increased since that date $1,226,050 by the issue of 3.65
per cent bonds. The decrease by the operations of the sinking funds
and otherwise was $8,241,400, making a net reduction ofthe debt since
July 1, 1878, of $7,015,350, and a reduction of the annual interest'
charge of $441,213.47. The total amount of the bonded debt outstanding June 30, 1900, was $15,091,300. Of this sum $14,224,100 consists
of 3.65 per cent bonds.
A t the close of the fiscal year 1900 the 10 per cent guaranty fund
held for account of District contractors amounted to $301,288.60, and
was credited to 124 separate contracts. Of this sum $267,818„76 is
invested in bonds purchased at the request and risk of contractors.
The 3.50 per cent ten-year funding bonds issued under act of Congress
approved March 3, 1891, have all been called in and canceled. The
unsigned bonds provided for transfers on this loan which were not
used, amounting to $2,924,600, have been destroyed, under the supervision of the committee on the destruction of United States securities,
in the Department.
The securities of the District in the care and custody of the Treasurer are:
3.65 per cent bonds (unsigned)
Bonds for account of District contractors
Chesapeake and Ohio Canal bonds
Total....,
$5, 023, 450
235, 240
84, 285
5,342,975
REDEMPTION OF NATIONAL-BANK NOTES.
The national-bank notes presented for redemption during the past
fiscal year amounted to $96,982,607, being 37.25 per cent of the
average amount of notes outstanding. As compared with the previous
year this was an increase of $6,144,306. It is the smallest percentage redeemed, however, since 1890, when it was 35.90. The amount
presented for redemption represents 38.89 per cent of the average
amount of the $5 notes outstanding during the year, 31.35 per cent of
TREASURER.
25
the $10 notes, 35.43 per cent ofthe $20 notes, 41.19 per cent ofthe $50
notes, and 51.09 per cent of the $100 notes. The addition of $68,289,572
to the volume of national-bank notes during the year, increasing it
from $241,350,871 to $309,640,443, did not materially affect the redemptions, probably because $60,124,215 of the increase occurred in the last
four inonths ofthe year—March, April, May, and June.
During the year there was $25,620,660 of the redeemed notes assorted
and returned to the respective banks of issue, and there was delivered to the Comptroller of the Currency $49,006,445 for reissue and
$17,909,793 for retirement. The balance of national-bank notes on
hand in the various stages of assortment at the close of the year was
$6,787,132. The 5 per cent fund afforded at all times during the year
ample margin to meet the current redemptions.
The surrender of notes during the year amounted to $18,402,646.
Of this sum active banks furnished $14,626,460 and banks giving up
their charters $3,776,186. The legal monthly limit of $3,000,000 to
such surrenders by active banks was twice reached during the year,
in the months of December and March. In March the limit was
reached about the middle of the month, and in addition there were
off'ers filed during the balance of the month to^ surrender notes in
April sufficient to cover the April limit. These accepted offers, however, were not all availed of, and the limit was not reached in that
month.
The expense incurred during the year, inclusive of $31,767.33 for
transportation, amounting to $122,984.76, was assessed on the banks
at the rate of $1.33558 per $1,000 of their notes redeemed.
The provision in the act of March 14, limiting the issue of $5 notes
to a national bank to not more than one-third in amount of its circulating notes, increased the average denomination of bank notes outstanding from $9.16 on February 28, to $10.06 on June 30.
In addition to the usual statistics a table has been prepared (p. 196),
showing the amount of nationaibank notes redeemed by months and
the amount of notes outstanding at the end of each month, from July
1, 1874. The monthly variations in the amount of notes presented for
redemption which appear are caused by the movements of currency to
and from the money centers for commercial purposes. Movements to
money centers operate to increase redemptions;; movements from, to
reduce them.
The percentage of outstanding notes, by geographical divisions, redeemed for the year has been computed on the amount of notes reported
by the Comptroller of the Currency to be outstanding on five dates
during the year instead of one date, October 31, as heretofore.
THE WORK OF THE TREASURER'S OFFICE.
The transactions of the Treasurer's office involve vast detail in preparing and in counting money, in bookkeeping, in shipments and transfers, in payments by check and in cash, and in the receipt and mailing
of letters. Their multiplicity and magnitude in certain directions are
illustrated rather than fully set forth in the annexed summary for the
fiscal year 1900:
LETTERS RECEIVED.
Letters
Letters
Letters
Letters
Letters
received by open
raail
received by registered mail
received containing bonds, currency, etc
referred to other bureaus
briefed and recorded
„
384, 714
22,142
10, 761
6, 821
37,364
-26
R E P O R T ON T H E FINANCES.
LETTERS SENT.
Letters sent by open mail
Interest checks mailed
Letters sent by registered mail
Letters, forms, ancl warrants bearing autograph signatures
Forms l)earing printed signatures, etc., mailed
Printed notices mailed
Value of registered letters sent
Value of registered letters received
225, 273
268, 977
11, 933
406, 829
324, 553
314,000
$15, 568,170. 67
91, 827, 316. 39
I t is a pleasure to testify to the fidelity, the ability, the loyalty in
unusual tasks, and the courtesy and efficiency of every person of every
grade in the office.
Respectfully,
E L L I S H . ROBERTS,
Treasurer of the United States.
Hon.
L. J. G A Q E ,
Secretary of the Treasury.
APPENDIX.
Noo
1 . — R E V E N U E S AND E X P E N D I T U R E S FOR THE F I S C A L YEAR
BY W A R R A N T S I S S U E D .
B-evenues.
Customs
I n t e r n a l revenue ...
Lands
Miscellaneous
,
I n t e r i o r civil
Treasury proper
Diplomatic
Judiciary
AVar
Navy
Interior—Indians...
Interior—pensions .
Interest
'...
$233,164, 871.16
295, 327, 926. 76
2, 836, 882. 98
35,911,170.99
AS SHOWN
E e p a y m e n t s C o u n t e r credfrom n n e x its to appropendecl appropriations. , priations.
Expenditures.
$564, 757.12
149, 657. 85
$18, 304. 22
486. 55
209, 234. 54
3, 708, 635. 91
63, 611.72
339, 862.16
13, 636, 169.77
679, 214.83
571, 639. 28
1,177, 079. 21
993, 012.49
26,179. 80
306, 574. 46
27,918. 05
5, 932. 33
3, 593, 937.11
13, 711, 268. 90
84,525.61
487, 713, 791.71
33,147,054.81
675, 082, 625. 25
22, 092, 874.88
17, 775,127. (
'826,'o58,'4io!bb'
1, 387, 299, 261. 89
Aggregate.
i26, 036,465. 54
4, 991, 677.41
10,165, 671.44
55,764, 635. 20
3, 214, 802. 65
5, 599, 937. 92
134,774, 767. 78
55, 953, 077. 72
10,175, 106. 76
140, 877, 316. 02
40,160, 333. 27
Total
P r e m i u m on b o n d s p u r c h a s e d .
Public debt
No.
1900,
1,195,943,471.77
22, 092, 874.88
17,775,127. 63
567, 240, 851. 89
a , — N E T ORDINARY R E V E N U E S AND E X P E N D I T U R E S FOR EACH QUARTER O F
THE F I S C A L Y E A R 1900, AS SHOWN B Y W A R R A N T S I S S U E D .
First quarter.
Account.
Second q u a r ter.
T h i r d quarter.
F o u r t h quarter.
Total.
BEVENUES.
Customs
. . . . . . . . . $56, 757, 359.54 $57,449, 246.17 $64,120, 601. 22 $54, 837, 664.23 $233,164, 871.16
Internal revenue
77, 076, 943. 54 74, 833, 018.47 68,183, 070. 38 75, 234, 894. 37 295,327 926.76
837, 915. 29
667, 260.47
633, 732. 04
697,975.18
2, 836, 882.98
Public lands
9,153, 296.75
8,030,032.93
9, 640, 647. 03
9, 087,194. 28
35, 911,170. 99
Miscellaneous
143, 555, 229.40 141,150,212.86 142, 642,293.81 139, 893,115.82
Total
567,240 851 89
EXPENDITURES.
Civil a n d m i s c e l l a n e o u s . . 27, 654, 014.04
W a r Department
.
44,840, 823. 68
14, 400, 507.76
Navy Department
2, 560,477. 85
Interior—Indians
37, 090, 761.30
Interior—pensions
.13,130,541.36
Interest
25, 583, 603.16
35, 029, 216. 33
13, 521, 255. 97
2,414,500.10
34, 839, 621. 51
12,680,719.65
24,814,810.11
27, 672, 377. 25
13, 268, 686. 53
2, 851, 590. 09
34, 996, 845. 53
5,612,693.40
105,773,190.16
134, 774, 767.78
55, 953, 077. 72
10,175,106.76
140, 877, 316. 02
40,160 333.27
139,677,125. 99 124,068,916. 72 109, 217, 002. 91 114, 750, 746. 09
Total
27, 720,762.85
27, 232, 350. 52
14, 762, 627.46
2, 348, 538. 72
33, 950, 087. 68
8, 736,378.86
487, 713, 791. 71
]Vo.
3 . — R E C E I P T S AND E X P E N D I T U R E S ON ACCOUNT OF THE
POST-OFFICE
D E P A R T M E N T F O R T H E F I S C A L Y E A R 1900, AS SHOWN B Y W A R R A N T S I S S U E D .
R e c e i p t s from Deficiency ap- T o t a l r e c e i p t s .
Expenditures.
postal revenues. propriation.
By whom handled.
The Treasurer
Postmasters
Total
...
.....
i
$43,829,525. 84
58,034, 246. 45
$7, 250, 019.95
$51, 079, 545. 79
58, 034,246. 45
$49,101, 217. 65
58, 034, 246.45
101,863,772.29
7,250,019.95
109,113,792.24
107,135,464.10
27
28
No-
REPORT ON T H E
FINANOES.
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 ACCOUNTS
AT
THE
TREASURY
IN
WASHINGTON
G o l d coin.
FOR
THE
Standard
silver
dollars.
FISCAL
Fractional
s i l v e r coin.
YEAR
1900.
United
States
notes.
Treasury
n o t e s . "•
RECEIPTS.
Customs
Internal revenue
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Standard silver dollars
F r a c t i o n a l s i l v e r coin
M i n o r coin
Gold certificates
C u r r e n c y certificates
Redemption and exchange.
Issues
$18, 930
$8,001
$100
$407, 906
$2, 440
5,572
140
3, 078
107,894
3,839
1,625
12, 502
293, 295
35
15
2
1, 993, 500
2,010
336, 748
35
55, 862
43, 202
73,128, 937 26, 561, 269
1,000
341,172
170, 799
4, 789'
12, 766
200
'2,"63i,' 332
1,122, 897
1, 690, 084
90,000
13.383,433
6, 823, 376
80, 676, 000 16,008,000
7,985,454
I, 247, 582
2, 001, 497 170, 256,951
364,
110,
17,
4, 366,
9,
II,
455,
Total.
49,786,493
DISBURSEMENTS.
128, 640
5, 622, 578
61, 000
138, 979
W a r r a n t s and checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
C u r r e n c y certificates
Redemption and exchange:
Gold coin
S t a n d a r d silver dollars . . .
F r a c t i o n a l s i l v e r coin
United States notes
T r e a s u r y iiotes of 1890 . . .
National-bank notes
G old certificates
Silver certificates
M i n o r coin
Redemption and destruction .
F i v e per cent fund
11
6,000
811
2, 220
93,540
Total.
6,053,779
3,962
1, 303, 785
126
59
572
25,077
1,039
1,293
1,436
1,337,349
19
235,851
11
903, 570
193,329
366
236
417,184
71, 456
192, 224
92, 364
99, 714
3
2,054, 643
21, 634,717
767, 535
39, 303,000
300, 000
485
1,117, 595
5, 814, 680
916, 235
471,731
1, 022, 612
11, 612, 044 6, 692, 248
22, 000
52,097
10, 650
1,079
138, 887
80,676, 000 33,499, 280
2,206,327 163,954,064
Gold
NationalSilver
M i n o r coin.
b a n k n o t e s . certificates. certificates.
Account.
56, 400
1, 443,889
7,500
6, 204, 000
49, 865, 243
Total.
RECEIPTS.
Total
$50,100
.....
.
$318,953
$15
$800,445
$4, 507
250
53, 514
12, 833, 207
12, 501
57, 840
2,670
1, 256, 830
173,000
72, 090
23, 420, 320
351
, 448
921
10,862
17,200
3,000
1, 698,168
384, 691
245,031
130,016, 582
131,061
130, 957
6,297
83,150, 052
1,228, 300
185, 265, 000
27,641,472
172,116,000
202, 682
5, 329, 201
1, 006, 942
503,955
270,739, 099
495,869
393, 220
25, 091
455, 000
90, 000
137,873, 628
454,065, 000
96,114, 541 211,485,840
Customs.....
Internal revenue
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers . .. .
Standard silver dollars
...
F r a c t i o n a l s i l v e r coin
M i n o r coin
Gold certificates
C u r r e n c y certificates
.
Redemption and exchange
Issues
332, 689, 812
215,280
871 783 450
102, 330
8, 274, 070
169,420
175, 295, 750
756, 662
10, 007,798
297, 254
81, 082, 862
143
16,731
147
30, 421
3, 098,837
47, 239, 596
1 302 867
304, 262, 367
300, 000
2, 857, 620
20, 959
1,090
13
78, 383
12, 864
18, 222
13, 448
16, 606
33
23,825,640
13,814
1,124, 266
462,480
6,109, 882
5,215,011
36,193, 702
841, 719
27, 511, 226
57,594
162,186, 504
3, 086, 333
1,125, 792
1, 590,914
13, 342, 817
6, 823,521
54,718, 269
1, 228,301
27, 640, 711
196, 517
318, 097, 217
74, 627,064
92,536, 857 210,657, 670
331, 860, 774
209,060
858, 681,123
1
.
DISBURSEMENTS.
"Warrants and checks
D i s b u r s i n g officers . .
Post-Office'Department
Transfers
C u r r e n c y certificates
Redemption and exchange:
G o l d coin
. S t a n d a r d silver d o l l a r s
F r a c t i o n a l s i l v e r coin
United States notes
T r e a s u r y n o t e s of 1890
!National-bank n o t e s
....
Gold certificates
• S i l v e r certificates
M i n o r coin
Redemption and destruction ..
F i v e per cent fund
Total
4,590
5,070
2,550
8,790
111, 840
17, 909, 793
74, 627, 064
29
TEEASUEEE.
N o . 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 SUBTREASURY I N BALTIMORE FOR THE F I S C A L Y E A R 1900.
Account.
Gold coin.
Standard
silver
dollars.
Fractional
s i l v e r coin.
United
States
notes.
Treasury
notes.
RECEIPTS.
$283, 331
7,628
60
37, 285
33, 339
2, 682, 910
Total
:..
4
623
948
39
$539
16
178
195
1,752
85,447
$873, 254
7,990
8,525
206,092
151,156
3, 963,436
1
3
58, 232
3,071
$77,703
483
2,919
38 612
27 818
455,988
22 850
13 116
256
7, 065, 956
Gold certificates
Currency certificates
Redemption and exchange
Issues
$621
35, 605
3, 385
3, 225, 000
Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department.
Transfers
Standard silver dollars
Fractional silver coin . -
1,464,150
2,126, 800
1,780, 000
3, 496,196
736, 090
13, 374,499
I, 466, 386
2, 214, 930
10, 547, 952
I, 375, 835
1, 532, 055
2,494,025
711,545
17,601
315
7,640
218
706,071
1,177, 460
1,823, 628
96, 881
2, 878, 005
3, 320,000
175, 820
108, 981
12, 030
691 000
DISBURSEMENTS.
W a r r a n t s and checks
D i s b u r s i n g officers.
..
Post-Office D e p a r t m e n t
Transfers
C u r r e u c y certificates
Redemption and exchange:
Gold coin
'.
Standard silver dollars.
.... .
F r a c t i o n a l s i l v e r coin
Uuited States notes
T r e a s u r y n o t e s of 1890
ITationai-bank n o t e s
Gold certificates
S i l v e r certificates
M i n o r coin
Fractional currency.. .. . . .
Total
829, 000
52, 701
140, 733
3, 066, 800
643, 616
537,700
58, 070
534, 700
185, 880
318, 505
161,110
1, 041, 600
481, 293
, 150,842
176, 769
6, 200
169, 732
50
109, 040
4, 240
11,082,179
1,344,772
40
11, 288, 050
Account.
3, 380
151
749, 420
2,420, 710
152, 385
1, 631, i p i
Nationalbank notes.
Gold certificates.
2, 401, 840
Silver certificates. Minor coin.
Total.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office D e p a r t m e n t . . .
Transfers
Standard silver dollars
Fractional silver coin
Minor coin
Gold certificates
Cnrrency certificates
Rederaption aud exchange
Issues
TotaL
$1,081
2,990
132, 724
129, 300
448, 395
69, 370
2,810
550,193
$1,105,020
5,600
1,560
32, 960
31, 500
4, 630, 090
44, 500
2,730
4, 549, 030
4, 370, 000
1,336, 863 14,772, 990
.$581, 767
8,160
62, 535
251, 809
186, 346
4, 602, 964
278,150
95, 643
6, 668
$31
18
83
208
51, 084
$2,922, 266
30, 958
78, 789
700, 383
562,307
16, 920, 353
301, 000
316, 470
18, 920
3, 225, 000
1,780,000
23, 474, 475
4, 370, 000
3,017, 250
468,810
9, 091, 292
520, 234
54, 700, 981
450,110
655, 832
72, 472
4,497, 002
16
687
14
23,350
3, 391,556
5,555,860
915,684
12, 757, 428
3, 320, 000
DISBURSEMENTS.
Warrants and checks
Disbursing oflicers
Post-Office Department
Transfers
Currency certificates
Rederaption and exchange:
Gold coin
Standard silver dollars.
" Fractional silver coin . .
United.States notes
Treasury notes df 1890 .
National-bank notes . . .
Gold certificates..:
Silver certificates
Minor coin
Fractional currency
Total.
55, 780
447, 466
22, 524
401, 000
2. 732, 000
10,177, 920
186, 420
1, 238, 500
14,148,420
3,565
1, 274, 030
134, 660
26, 430
29, 762
255
440
1, 755, 316
56, 310
8, 956,184
30, 063
34,566
15, 238
57, 360
299, 813
10, 290, 956
I, 450, 950
2,118, 300
3,496,196
736, 090
550,193
4, 549, 030
3, 017, 250
468, 400
40
514,497
52,617, 933
30
REPORT ON THE
No. ^.
FINANOES.
- 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 N E W YORK FOR THE F I S C A L Y E A R 1900.
Account.
Standard
silver
dollars.
Gold coin.
Fractional
s i l v e r coin.
United
States
notes.
Treasury
notes.
RECEIPTS.
$5, 589, 049
58
166,179
1,056,101
854,162
19,116, 060
27,389
219,957
175 11t
2,439, 626
49, 000
236, 92454, 045
1, 462, 228
76, 768
6,229
13, 506, 645
831
1, 840, 000
33, 665, 084
145,160
11, 959, 617
41 054
7, 541, 889
14, 651, 823
62, 771, 822
16, 660, 281
296, 637
1, 371, 592
4,960
535, 564
5, 360, 819
353,940
6,956, 705
38, 018, 000
6, 925,000
200
886, 641
14, 438, 000
1,950
7
3,128, 044
508, 911
89,150
36, 288, 382
1,682,000
1, 737,202
456, 091
6
1
1, 748, 437
208, 007
735,100
3, 714, 728
1, 977, 658
304
1,200
2, 613, 766
11, 202, 091
508, 500
20,000
20, 000
103, 000
367, 389
3, 289,699
14, 742, 875
70, 488, 090
$44, 569, 537
180, 000
481, 860
7,498, 240
1, 823, 613
89, 353, 815
25, 236, 402
489,700
I,148,320
261, 650
1, 630, 000
37, 983, 756
111,553,195
.
..
-
Redernption and exchange
Special c u s t o m s d e p o s i t .
Issues....
L o a n o f 1908-1918
....
Total
$288, 075
6, 698, 710
90
322, 210, 088
Customs
•
Internalrevenue . . .
Miscellane'^us
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Gold b a r s
Standard silver dollars
F r a c t i o n a l s i l v e r coin
M i n o r coin
Gold certificates
12, 985
172,144, 595
102, 385
297,400
12, 045
245, 569
$9, 334
4
113
33, 894
3,992
1, 097, 010
$252,299
DISBURSEMENTS.
Warrants and checks
Disbursingofficers
...
C u r r e n c y certificates
Redemption and exchange:
Gold coin . .
Standard silver dollars
F r a c t i o n a l s i l v e r coin
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
Silver certificates
M i n o r coin .
Clearing-house balances
....
. ..
36, 972, 000
Total
250, 841, 259
National
b a n k notes.
Account.
3, 494, 581
Gold certificates.
110,000
Silver cerM i n o r coin.
tificates
1, 301, 783
31, 303
16, 667, 927
Total.
RECEIPTS.
Customs......
Internal revenue
Miscellaneous
Disbursingofficers.
.. .
Post-Office D e p a r t m e n t
Transfers
Gold b a r s
Standard silver dollars
F r a c t i o n a l s i l v e r coin
M i n o r coin
Gold certificates
C u r r e n c y certificates
Redemption and exchange
Special c u s t o m s d e p o s i t
$87,444,441 $18,637,916
$160
442
55,090
103,313
307, 621
4, 303, 592
791, 353 11,839, 864
2, 309, 835
727, 410
2,022, 598
5, 328, 762
3,478,255 247,105, 404 48, 382, 631
•
.
35
58
42
148, 409
$156,790,854
235 754
5, 390,102
24, 046,702
10, 947, 738
411 366 779
25,236 402
5, 002, 540
5,312,860
1,119, 850
1,630, 000
1, 840, 000
216, 687,949
370,449,468
5, 680, 000
102, 887
5,200
2,100, 500
474, 857
3,056, 412
1,632,638
304, 754
49,181,897
241, 957,856
5, 680, 000
102, 887
61,074,315
16, 751,102
1, 740, 565
180
6,113, 876 655, 580, 350 154, 480, 264
1, 889, 492
1, 241, 899, 885
102
204,579
600, 708
2, 203,106
588, 676,459
144, 017, 5H6
6, 925,000
6,605
2,382
20, 000
48, 066,586
349
36
249, 228
36, 453
122, 260
334,110
347,898
203
; 12
45, 976, 756
5, 491,145
5, 525,421
27, 560, 024
10,135, 625
877,360
48,179, 235
53, 914, 344
728, 724
225,885,867
6, 078, 000 647, 933, 610 153, 955, 770
1,904,540
1,166, 096, 652
117,710
18, 315
877, 360
L o a n of 1908-1918
Total
$203
- .
DISBURSEMENTS.
W^arranta a n d c h e c k s
Disbursingofficers
Transfers
C u r r e n c y certificates
Redemption and exchange:
G o l d coin
Standard silver dollars
F r a c t i o n a l s i l v e r coin
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
G o l d certificates
Silver certificates
M i n o r coin
Clearing-house balances.
Total
1,735,480
407, 000 381, 579, 882
5, 671, 000
8,946,082
95, 439
25, 664, 856
69, 509, 000
45, 404, 060
2, 911, 248
10,051,910
3, 550, 837
7,770, 712
. ...
360,479
185, 622, 920
5,486,807
399
1,180,314
3,931,984
31
TEEASUEEE.
No.
7 , — 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 A C COUNTS AT THE SUBTREASURY I N P H I L A D E L P H I A FOR THE F I S C A L YEAR 1900.
Account.
Gold coin.
Standard
silver
dollars.
Fractional
silver coin.
United
States
notes.
Treasury
notes.
RECEIPTS.
CListoras
Internal revenue
Miscellaneous
D i s b u r s i n g officers . . . . . . ^
Post-Office D e p a r t r a e n t
T r a n s fera
Gold b a r s
$6, 089, 855
20
64, 235
34,674
491, 756
7, 557,164
I, 070, 776
$12, 264
I
1,158
115,385
6, 853
9,082
F r a c t i o n a l s i l v e r coin
M i n o r coin
Gold certificates
Currency certificates....
Redemxition a n d e x c h a n g e
Issues
246, 750
40, 860
5, 875, 000
1,500
10, 868, 690
32, 339, 780
^
Total
$5, 283, 445
$360, 654
111, 014
410, 330
896, 447
8, 736, 213
24,164
162, 845
116, 650
1,563, 630
12
250
322, 385
142, 309
460,594
134,874
29, 961
3, 004, 047
4,511,150
4, 210, 000
11, 681,122
2, 801, 611
3,150, 290
5,122, 428
31,793,515
5, 654,983
2, 538, 475
833
112, 043
991
3, 545,169
2, 925, 844
9, 628,989
887, 017
5, 822, 000
8,925,000
60,184
1, 287, 664
65 897
2, 801, 000
$1,102
1
1,050.
255
6,382
602, 476
DISBURSEMENTS.
^V^arrants a n d c h e c k s
D i s b u r s i n g officers
Post-Office D e p a r t r a e n t *
Transfers
....^.
C u r r e n c y certificates
Redemption aud exchange:
Gold coin
Standard silver dollars
3, 524, 586
8, 666, 820
3, 319, 070
45, 030
...
350
1,612,024
8, 530, 915
749,802
United States notes
T r e a s u r v n o t e s of 1890
7,127, 890
119,100
151, 880
Gold certificates
Silver certificates .
Total
33, 847,117
Nationalbanknotes.
Account.
393, 071
1, 096, 415 4, 028, 311
21, 293
8,970
699
424, 784
56, 229
386,232
"237,300
567,306
338
5, 362,187
1, 920, 977
2, 633,512
78
1, 458,783
224, 383
1 529
32, 967,722
5, 675,135
Gold certificates.
Silver cer- M i n o r coin.
tificates.
Total.
RECEIPTS.
Custoras . . . . . .
Internal revenue
$4, 423, 500
Total
117, 704
810, 204
789, 737
12, 695, 562
69
27
619
14,140
204, 560
52, 710
'....
$76
274, 635
213, 430
373, 676
10, 284, 964
550
311, 740
130,565
1, 796, 406
827,041
235, 751
472, 432
10, 550,730
8, 790, 000
11,555, 069
515,324
2, 871, 544
D i s b u r s i n g officers
Post-Office D e p a r t r a e n t
Transfers
.
-Gold b a r s
Standard silver dollars
F r a c t i o n a l s i l v e r coin
Minor coiu
Gold certificates .
.
C u r r e n c y certificates
Redemption aud exchange
Issues
$4, 049,044
$39, 308
297,565
946, 219
858, 750
35, 353, 790
32, 876, 518
530, 255
149, 693,103
141, 815
1, 978, 570
51, 590
.564,000
549,570
1, 741, 700
759, 400
7, 669, 000
912, 961
3, 805,137
396, 897
13, 810, 000
74
2,755
22
126, 360
8,115,867
27 223 678
5, 480, 884
36, 921, 034
8, 925, 000
5,607
217
16, 743, 690
3 Oil 247
4. 509, 730
11, 683, 572
2, 814, 611
472, 432
10, 550, 730
11, 592, 569
514,633
$20, 219, 940
22
633, 337
2, 044, 715
3, 628, 339
42, 321, 981
1,070,770
2 257 800
2, 048, 850
632,168
5, 875, 000
4, 210, 000
55, 960,175
8, 790, 000
DISBURSEMENTS.
W a r r a n t s and checks
Disbursingofficers
Post-Office D e p a r t m e n t
Transfers
C u r r e n c y certificates
Eedemption and exchange:
Gold coiu
S t a n d a r d s i l v e r dollars
F r a c t i o n a l s i l v e r coin
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates . . . .
Silver certificates
M i n o r coin
Total
....
16, 716, 790
i69, 930
391, 865
3, 001, 710
474,157
137,310
3,155, 000
8,310
44, 915
. 2,854,215
31, 028, 240
"9,'657, 826'
83, 042
32,279,040
94, 361
19, 416
86, 200
30, 540
151, 922
236
• 5i7,710" 148,559,677
32
No.
R E P O R T ON T H E
FINANCES.
8 . — 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 A C COUNTS AT T H E SUBTREASURY IN BOSTON FOR THE F I S C A L Y E A R 1900.
Gold coin.
Account.
Standard
silver
dollars.
Fractional
s i l v e r coin.
Uuited
States
notes.
Treasury
notes.
RECEIPTS.
rjnstiOm«i . . . . .
$1, 877
$5,530,032
$454,235
1,048
43
2,711
520,167
15, 366
69, 541
90, 307
813,241
643, 800
37, 400
5,440
I, 294, 610
107,935
547, 679
711,680
10, 478, 685
5,000
389,150
39,220
980,000
1, 428, 237
1,300,656
1,843,191
1, 820,456
20, 217, 618
3, 429, 986
1, 380, 575
1,775, 215
151, 880
7,278
40,025
4,206
1, 504, 000
1,143
15, 318
810
1,405, 289
2, 643, 431
9,116, 211
802, 008
4,154, 342
910, 000
10,470
325 400
8 000
2,597,006
41, 000
. . .....«•••.......
11
8
1,731,910
14,830, 643
Total
906
570
5,135
9,700
10,411,709
Redemption and exchange
$94,970
8,600
. 4,195
209, 675
2,253, 084
2,000
124, 590
5,490
Diaburaine" officers
Post-Office D e p a r t m e n t
$1,811,300
o
DISBURSEMENTS.
W a r r a n t s and checka
Di.=jbursinff officers
..
Post-Office D e p a r t m e n t
.
C u r r e n c y certificates
Redemption and e x c h a n g e :
Gold coin
.
S t a n d a r d silver dollars
F r a c t i o n a l silver coin
United States notes
13, 474
2,108
302, 870
1, 310, 800
389, 610
5,620
900
556, 930
23,040
23, 040
1, 000
380
901
23, 455
1,156
1,470
257, 993
94, 248
20, 747
63, 634
26, 600
138, 231
4, 094,923
1,840,495
1,766, 028
19, 688, 826.
3, 507,814
Nationalbank notes.
Gold certificates.
Silver certificates.
M i n o r coin.
Total.
16, 003
730, 250
Gold certificates
Fractional currency
Total
•
Account.
RECEIPTS.
Customs
$8, 670, 450
.
$20,938, 603
58
5
239
24, 018
164,600
2,220
144, 617
1,242, 781
1, 540,136
12,068,700
1, 215,200
420, 630
35, 510
70, 033
Total
$122
37,180
472, 850
607,110
17, 749, 220
116, 750
8,640
i..
F r a c t i o n a l s i l v e r coin
M i n o r coin
. . .
C u r r e n c y certificates
Rederaption and exchange
Issuea
$4,375,617
$61, 987
438,482
600, 811
711, 500
758, 590
5, 987, 018
94,140
377, 697
2, 776,146
3, 767, 804
44,628,315
1, 866, 000
1, 253,120
96, 520
980,000
23, 076, 903
2, 008, 203
Miscellaneous
Disbursingofficers
Post-Office D e p a r t m e n t .
Transfers
-
28,462, 220
27, 030, 209
118, 582
99, 761,108
30,460
1,151, 640
22, 640
753, 000
4, 526, 428
11, 403, 012
702, 200
714, 700
415, 641
5, 032,845
241. 693
12, 828,117
85
881
67
72,127
9, 015,511
28, 860, 547
1, 933, 504
24, 028, 581
910, 000
10, 500
10,338,990
1,000
72,420
2,000
211, 210
9,117
1,740,830
874,120
8,000
4,060
2,000
5,080
5, 474, 510
60,680
I, 980, 300
27,979, 040
26,749,863
DISBURSEMENTS.
W^arrants a n d c h e c k s
D i s b u r s i n g officers
•Post-Office D e p a r t r a e n t
Transfers
f J u r r e u c v certificates
Rederaption and exchange:
Gold coin
Standard silver dollars
F r a c t i o n a l s i l v e r coin
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
S i l v e r certificates
M i n o r coin
Fractional currency
Total
....
72, 310
6,988
291
5,243
270
49,444
135, 396
10, 404, 708
1, 741, 830
1, 265, 530
1,415,837
I, 290, 556
70, 033
758 590
5, 954, 218
93 240
87, 742, 685
33
TEEASUEEE.
Wo.
9 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D
ACCOUNTS AT THE SUBTREASURY I N CINCINNATI FOR THE
Account.
G o l d coin.
Fractional
s i l v e r coin.
United
States
notes.
Treasury
notes.
•
RECEIPTS.
Customs . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
Internal revenue.
..
Miscellaneous
Disbursingofficers.
.......
Post-Office D e p a r t m e n t
Transfers .
Standard silver dollars
F r a c t i o n a l s i l v e r coin
M i n o r coin
....
. .. .
».
Gold certificates
C u r r e n c y certificates
Rederaption and exchange
...
Issues
Total
Standard
silver
dollars.
OF M O N E Y ON ALL
F I S C A L Y^EAR 1900.
.
$230, 000
$276,155
3,325
3,565
6,000
137,110
548, 620
36,000
77, 365
880
670, 000
4
1,545, 346
834, 089
2, 994,403
2, 593,109
$2,066
2.
59
522
775
1, 286,137
800
2,000
37 100
423, 700
370, 650
29, 300
1,338,460
30, 000
727, 081
43,150
4,771,253
2, 628, 021
6, 985, 983 1
981,150
4, 061, 761
1,236
4,407
1,458
2,289, 347
854,117
2, 373, 921
1, 290, 716
1, 680, 000
630,000
103,853
164,306
107, 995
594,361
967
....
$770, 376
9,829
31, 227
226, 234
786, 069
3, 752, 997
152, 850
454, 875
44, 445
43, 006
2, 000
452, 950
210
14, 000
19,415
1,000
500
$74, 450
DISBURSEMENTS.
333,670
255, 895
309, 805
Warrants and checks
Post-Office D e p a r t r a e n t
Transfers
C u r r e u c y certificates
.....
Rederaption a n d exchange:
G o l d coin
Standard silver dollars
F r a c t i o n a l s i l v e r coin
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes .
Gold certificates
S i l v e r certificates
Minor coin. . . . .
Fractional currency
......
..
23,305
570, 000
........
4,350
1,400
2,750
86, 440
23, 975
80, 810
IOO
121,078
4, 317, 853
2, 609,818
Nationalbanknotes.
Account.
247, 592
1, 684, 210
Total
.......
184, 580
5,000
1,955
Gold certificates.
Silver certificates.
5,000
20, 800
55, 473
3,000
2,010
7, 407, 983
1, 009,150
M i n o r coin.
Total.
RECEIPTS.
Customs . . . . .
Internal revenue
Miscellaneous
D i s b u r s i n g officers
Post-OfficeDepartment
Transfers
Standard silver dollars
.......
-
M i n o r coin
G o l d certificates
C u r r e n c y certificates
. .
Rederaption and exchange
Issues
$2, 500
407,500
653, 500
1,441, 600
30, 000
622, 900
1,000
122, 400
$219,000
6,000
4,500
82,500
227, 450
2, 7.54, 650
178, 000
248, 900
$479,630
151
21, 505
135,941
817, 518
4,176, 870
3,090,037
360, 585
32, 680
433, 680
850, 000
$5
4
1
16
76,005
30
191, 487
$2, 051, 682
19, 307
65,160
860, 698
2.659,542
16,005,925
3, 857, 537
1, 793, 925
79, 535
670, 000
30, 000
7,126, 658
850,000
3, 281,400
Total
5,004, 680
441, 908
9,556,825
390, 780
780,460
501, 690
1,101, 000
683,185
943,720
868, 600
151,000
517,417
1, 599, 943
617,579
3,130,006
293
1,014
382
104,945
2, 884, 551
6,123, 666
3, 698, 225
13,112,420
630,000
11,720
3,500
150,165
1,000
1, 417, 280
30, 798
2, 967, 403
574, 245
19, 000
2,000
106
33, 000
5,000
27, 085
180, 000
6,515
14, 700
3,000
98, 784
1, 504, 087
2,986,903
1,324,460
727,081
43,150
122, 400
433, 680
441,008
191,822
3, 005,400
4,354,680
9, 574, 875
267, 548
36,069, 969
DISBURSEMENTS.
Warrants and checks
D i s b u r s i n g officers. .
Post-Office D e p a r t r a e n t
Transfers
Rederaption and exchange:
Gold coin
S t a n d a r d silver dollars
United States notes
T r e a s u r v n o t e s of 1890
National-banknotes
Gold certificates
S i l v e r certificates
104,380
46, 291
10, 775
38,840
500
57,238
Fractional currencv
Total...
1900FI
260, 384
34, 224, 353
34
No.
REPORT ON T H E FINANCES.
1 0 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y
ACCOUNTS AT THE SUBTREASURY I N CHICAGO FOR THE F I S C A L YEAR
Gold coin.
Standard
silver
dollars.
Fractional
silver
coin.
United
States
notes.
ON ALL
1900.
Treasury
notes.
RECEIPTS.
$3, 817, 507
17,662
267, 571
8,625, 490
4,132, 605
20, 458, 254
459, 500
1, 345, 500
77, 400
$310, 301
180
7, 300
1, 290, 275
769, 944
3, 510, 984
1, 892, 300
485, 682
72,195
20. 000
4. 344, 315
2,411,727
$411, 800
$31
1
• 1,003
5,035
731, 005
32,000
5
29
5,165
1, 521, 518
7, 562, 279
•, 263, 289
3, 499, 270
21, 002, 621
9, 235,472
5,026,018
43, 565, 804
10, 750, 807
291,000
5,044, 210
1,767,500
355, 000
TotaL
$1, 203,139
3,939
55,030
356,638
6, 880,235
304,000
117,500
1,200
5, 310, 000
Customs
Internal revenue
Miscellaneous
D i s b u r s i n g ofiicers
Post-Office D e p a r t r a e n t
Transfers
S t a n d a r d s i l v e r dollars
F r a c t i o n a l s i l v e r coin
M i n o r coin
G o l d certificates
C n r r e n c y certificates
Redemption and exchange.
Issuea
—
5,511
7,144
119
8,817,795
2,051
1,137
49
4,648, 878
11, 488, 470
15, 199, 438
2, 981, 377
5,721,000
2, 300, 000
1, 664, 715
3, 434,478
544, 749
2, 964,000
23,080
208,955
2. 590, 048
3, 961, 726
16,100
587
304, 720
105, 775
1, 853, 474
57.710
149, 223
2,400
4,869
44, 697,127
10, 879, 767
DISBURSEMENTS.
W arrants and checks
D i s b u r s i n g otficers
Post-Office D e p a r t m e n t
Transfers
C u r r e n c y certificates
Redemption aud exchange:
Gold c o i n ,
Standard silver dollars.
F r a c t i o u a l s i l v e r coin . .
United States notes
T r e a s u r y n o t e s of 1890 .
National-bank notes
Gold certificates
S i l v e r certificates
M i n o r coin
Fractional currency —
72, 270
7,720
224, 433
207, 553
41, 319
10, 525
3,050
109, 470
11, 722, 740
9, 223, 662
5, 025, 519
Nationalb a n k notes.
Gold certificates.
168, 660
4,185, 040
Total.
Account.
Silver cerM i n o r coin.
tificates.
Total.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
•
D i s b n r s i n o" officers
.
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d s i l v e r dollars
F r a c t i o n a l s i l v e r coin
M i n o r coin
...
Gold certificates
C u r r e n c y certificates
Redemption aud exchange
Issues
$1,600,280
-•
.
$2,185
540,765
992, 635
2, 095, 695
2,320
800
9,440
1,121, 700
829,270
32,007,810
16,000
63, 200
2,730
$3,153, 254
4,781
458, 669
2, 965, 975
2, 381, 983
19, 287,078
6, 063, 029
1, 907, 050
232, 340
.
$179
12
111
143
618
140, 781
$10, 496,491
22, 644
749,221
14, 600, 470
9, 473, 893
86, 633, 360
8, 766, 829
• 3,921,252
386, 665
5,310,000
20, 000
207, 654
37,148, 909
5, 310, 000
4, 654,120
5,-310, 000
7,187,275
3, 653, 380
Total
18, 980
45,614,610
43, 641, 434
349,498
182,839,734
190,
1, 359,
32,
841,
12, 028, 200
13, 537,500
2, 871, 370
1,977,000
5, 399. 457
11, 022; 446
2,111,651
10, 074, 000
230
531
650
188, 375
31, 070,019
49, 606, 564
10,310,295
35, 587, 048
2, 300. 000
12, 813,450
28, 459
6, 754, 414
690, 661
216
12, 867, 279
7. 268, 089
3, 495, 734
4, 352, 315
2, 413, 527
18 980
4, 654i 120
7,193,775
207,014
...
DISBURSEMENTS.
W a r r a n t s and checks
D i s b u r s i n g officers.
Post-Offlce D e p a r t m e n t
Transfers
C n r r e n c y certificates
Redemption aud exchange:
Gold coin
Standard silver dollars
F r a c t i o n a l s i l v e r coin
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
S i l v e r certificates
M i n o r coin
Fractional currency
Total
385
680
830
000
86, 800
22, 450
309, 726
465, 390
12, 505
290
6, 774, 685
40,107
2, 523, 200
43, 715, 650
43, 205, 606
110,766'
16, 528
8,455
640
25,077
20
351, 488
171,344,759
35
TEEASUEEE.
No.
1 1 . — R E C E I P T S AND DISBURSEMENTS OF BACH K I N D OF M O N E Y ON ALL
ACCOUNTS AT T H E SUBTREASURY IN ST. L O U I S FOR THE F I S C A L I^EAR 1900.
Account.
Gold coin.
Standard
silver
dollars.
Fractional
silver coin.
United
States
notes.
Treasurynotes.
RECEIPTS,
Customs
Internal revenue
$71, 890
$105, 902
$304
$720,432
$15,120
29
23,306
48, 909
20,600
4
6,852
15,110
1, 555, 760
130,973
292, 586
823, 133
9,449,144
521,325
2, 092, 389
124, 850
400
06, 458
125, 098
1,173, 427
1,123, 550
1,450
. .
28, 465
57, 642
1,284, 570
7,000
8,010
D i s b u r s i n g officers
Post-Office D e p a r t r a e n t
T r a n s f e r s .,
Standard silver dollars
32
3, 685, 000
Gold-certificates
5, 223, 800
6, 828, 238
2, 234, 575
470,000
1,877,585
534, 551
10, 366, 377
7, 026,984
3, 812, 637
16, 502,417
3, 040, 054
108,640
2,762,555
• 592,150
100, 000
991
10,797
10, 693
9, 656, 984
734
503
5,530
2, 985, 815
1,791,951
4,768, 282
1, 555, 018
3,492, 001
28, 700
1,178, 744
73, 700
1, 239, 004
Issues
Total
DISBURSEMENTS.
W a r r a n t s and checks
D i s b u r s i n g officers
Post-Office D e p a r t r a e n t
Transfers
.
.
Gold coin .
...'
C u r r e n c y certificates
Rederaption and exchange:
Gold coin .
Standard silver dollars
F r a c t i o n a l s i l v e r coin
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
S i l v e r certificates
M i n o r coin
Fractional currency
.
.
2, 250, 000
50, 000
21, 500
16,105
1,380
503, 990
7, 531, 230
10,185, 835
Nationalbank notes.
Account.
.
1, OOO
3,880,280
Total
\r
1
728,148
Gold certificates.
70, 000
122, 000
2,128, 374
980, 931
90, 540
55, 000
13,750
12,000
416,906
5,000
3,000
.16,174
1
153, 320
3, 739,906
17, 407,417
Silver cer- M i n o r coin.
tificates.
3, 017, 804
Total.
RECEIPTS.
$600, 070
$710,129
$161
$2, 224, 008
81,540
84, 050
216, 525
13, 241, 705
171,500
109, 470
220
144,913
406,133
998, 142
15,401,742
5, 070,162
17,000
985
138
1,298
7, 235
47, 977
3, 910, 800
3, 685, 000
2, 266, 578
152, 361
357 997
1,299 233
2, 956, 019
44, 699, 025
6, 903, 537
2, 228, 351
126, 055
3, 685, 000
470 000
23 028 4S8
3, 685, 000
3, 589, 010
22,100, 880
25, 015, 784
209,170
91 663 313
18,600
I, 242,100
321,000
1, 419, 010
.
763,446
9,185, 621
1, 111, 067
5, 292, 009
178
165
148
92,283
3,119, 560
23,109, 557
4, 544, 566
26, 710, 600
Customs
Internal revenue
Miscellaneous
$390,085
664,225
2, 524, 700
10, 000
Post-OfficeDepartment
Transfers
M i n o r coiu
Gold certificates . . . . . .
C u r r e n c y certificates
Kedemptiou and exchange.
I&aues
'.
Total
....
.
.
DISBURSEMENTS.
Warrants and checks
,
D i s b u r s i n g ofiicers
Post-Office D e p a r t r a e n t
Transfers
Gold coin
C u r r e n c y certificates
Redemption and exchange:
Gold coiu
S t a n d a r d s i l v e r dollara
F r a c t i o n a l s i l v e r coin
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
Silver certificates
M i n o r coiu
Fractional currency
Total
.....
406,320
3, 960, 790
875, 260
2, 433,500
2, 250, 000
6, 464, 998
1,000
25, 000
15, 640
24, 300
8, 838, 800
181, 000
71,310
20, 000
10, 000
5,500
1,723, 204
.
3,025,010
1,000
16, 813, 620
24, 571, 845
111,506
8, 908, 800
6 872 998
2, 260. 235
1,877,585
534 551
23,210
19
3 910 800
2,266,578
154 340
227,509
86, 520,176
36
No.
REPORT OK T H E F I N A N O E S .
1 2 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF MONEY ON ALL A C COUNTS AT T H E SUBTREASURY^ I N N E W ORLEANS F O R T H E F I S C A L YEAR 1900.
G o l d coin.
Account.
Standard
silver
dollars.
Fractional
s i l v e r coin.
United
States
notes.
Treasury
notes.
RECEIPTS.
Total
$12,256
2,050
10,901
756
26, 732
24, 134
3, 344, 300
193,788
1, 040,933
230, 834
475, 000
Minor coin
Rederaption and exchange
$366, 780
35, 038
61, 215
51, 535
48, 487
4, 322, 728
2, 326, 515
......
$394, 003
159,180
8,190
40, 912
47, 013
196, 316
363, 275
20, 460
1,097,166
Customs
Internal revenue
Miacellaneoua
...
Disbursing officers
Post-Office Department
570, 905
$1,498, 421
604,635
72,161
197, 768
387, 819
3, 297, 850
1.58, 800
168, 825
5,130
383,117
$761,633
183 637
18 145
57,120
84,776
926, 942
667, 710
30, 010
2,650
232, 390
8, 230, 083
647,734
6, 774, 526
2, 965, 013
72, 927
167
106, 953
152
461,365
241,147
1,861,118
514, 752
3, 333, 770
35, 000
386, 089
1, 040, 407
441,041
792, 000
245
9, "475
392, 800
371, 240
5, 000
500
213,585
DISBURSEMENTS.
W^arranta and c h e c k a . . . . . .
Disbursing officers
Post-Office Department
Transfers
Currency certificates
Rederaption and exchange:
Gold coin
Standard silver dollars
Fractional silver coin
United States notes
Treasury notes of 1890
Nationai-bank notes
Gold certificates
Silver certificates
Minor coin
Fractional currency .
7, 340, 600
30, 014
101, 000
6,000
50
3, 285
27
13,500
10, 000
2,000
1,000
21, 310
7, 300
7, 448, 364
719, 951
187, 580
^
Total
2,137, 470
Nationalbank notes.
Account.
2i6
6, 750, 282
2, 888, 097
Gold certificates.
Silver certificates.
$551, 405
35, 330
113,215
180,410
858,430
10, 300
96, 935
10, 310
1,000
$2, 904, 560
495,140
35, 390
98, 220
246, 640
6, 613, 830
2, 005, 500
63, 620
2, .500
187,580
$1,383, 964
411,484
50, 884
104, 404
229,315
2, 200, 014
2, 770. 990
197,' 675
13,280
801, 460
$104
238
3,625
269
8,713
61, 235
.400
$7, 321, 721
2,442, 807
• 295,841
664,199
I, 259, 905
18, 501, 479
5, 613, 300
920 340
54 330
6, 618, 318
1, 857, 335
12,652,980
8,163, 470
74, 584
43, 692, 240
82, 486
1, 017, 863
61, 745
406, 000
114, 533
816,467
237,112
6, 254. 000
111,759
519,484
115, 762
3, 279, 000
31, 727
249
1,072
72, 605
1, 050, 828
6, 355
3, 242, 228
94, 500
1,300
20
M i n o r coin.
Total.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursing oificers
Post-Office Department
Transfers
Standard silver dollars
lYactional silver coin
Minor coin
Redemption and exchange
Issues
Total -
...
. ..
.....
DISBURSEMENTS.
AVarrants a n d c h e c k s
D i s b u r s i n g oificers
Post-Office D e p a r t m e n t
T r a u s f era
C u r r e n c y certificates
Redemption and exchange:
Gold coin
Standard silver dollars
F r a c t i o n a l s i l v e r coin
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
G o l d certificates
Silver certificates
M i n o r coin
Fractional currency
Total
1,129, 969
6, 507, 879
1 601 398
22, 383, 730
35 000
41, 995
1 0Q7 Ififi
772, 750
190
100
8,143; 348
73, 822
3 344 300
570, 905
383,117
232 390
1 000
187 580
801,460
400
1
I, 642, 020
8, 472, 940
38, 276, 294
37
TEEASUEEE.
N o . 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 A C COUNTS AT THE SUBTREASURY I N SAN FRANCISCO FOR T H E F I S C A L YEAR 1900.
Account.
Gold coin.
Standard
silver
dollars.
Fractional
s i l v e r coin.
United
States
notes.
Treasury
notes.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Standard silver dollara
Fractional ailver coin
Minor coin
Gold certificates .
Redemption and exchange
Issues
$8, 288, 322
609, 050
452,191
806, 590
1, 376, 293
42, 305, 628
245, 320
1,439,170
12, 785
3, 595, 000
11, 916, 420
$261, 912
378
7,645
86, 622
27,128
5, 001, 081
I, 944, 427
71, 046,769
3, 384, 448
46, 032, 972
1, 601,995
3,000
$4,880
474
4, 775
29, 739
22, 366
702, 183
$25, 911
10, 945
7,067
57,189
509,606
.
$15,449
1, 526, 067
8,412
2 231
7,329,193
2, 290, 484
623, 030
255, 713
187
315, 725
148
1, 488, 000
801
386, 090
648
1, 634, 993
900.000
200,000
6,000
23, 000
346
163,744
5
121,325°
I
4,390
29, 314
450
54
113
3,908
998
3,720
15, 649
5,636
2
54
3
53, 902, 300
Total
3,900
3,473
356
11,539
203,366
18, 849
450
1,810, 211
2,194, 965
DISBURSEMENTS.
Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Fractional silver coin
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
'^
Fractional currency
Total
Account.
'.
1, 525, 616
4,450
1,120
1, 333, 050
26
Nationalb a n k notes.
Gold certificates.
1,027,352
S i l v e r cerMinor coin.
tificates.
257,154
Total.
RECEIPTS.
Fractional silver coiu
Miuor coin
Gold certificates
Redemption and exchange
Issues
Total
$27, 420
$125,289
$345
9,240
3,535
77,195
870
1,070
21, 840
16, 790
11, 960, 780
6,948
7,819
73,373
2, 239, 226
1, 237, 331
2,765
40
3,720
1,333,050
3, 595, 000
5,697
15, 654
97. 670
Custom's
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers '.
16, 955, 990
3, 695,683
103,033
102, 397, 565
843,400
142, 725
1,000
1, 325, 000
1,317,500
12
54, 484
11
12,915
3, 385,448
48, 875, 396
1, 602, 802
5, 811, 408
100, 030
15,091, 800
29, 785
15,511,420
1, 944,427
1, 526, 067
8,412
2,231
3,720
1, 333,050
5 697
15,654
26
$51'
18
36
2, 255
3,978
81, 041
$8, 749, 234
610,265
496 323
965, 823
I, 665, 851
63, 003, 781
I, 501,500
1, 446, 325
12, 785
3, 595, 000
16, 755, 678
3, 595, 000
DISBURSEBIENTS.
W a r r a n t s and checks
D i s b u r s i n g officers
P o s t-Office D e p a r t m e n t
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
F r a c t i o n a l s i l v e r coin
United States notes
T r e a s u r y n o t e s of 1890
National-banknotes
Gold certificates
S i l v e r certificates
M i n o r coin
Fractional curreucy
Total
I,915,107
•
101,030
17, 260, 200
3,375, 332
7
97, 214
80,025,758
38
No.
REPORT ON T H E
1 4 . — T O T A L R E C E I P T S AND
ALL
ACCOUNTS
AT
THE
DISBURSEMENTS OF EACH K I N D OF MONEY^ ON
TREASURY
OFFICES
Gold coiu.
Account.
FINANOES.
FOR
Standard
silver
dollars.
THE
FISCAL
Fractional
s i l v e r coin.
YEAR
United
States
notes.
1900.
Treasury
notes.
RECEIPTS.
Customs
Internal reveuue
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Gold b a r s
Standard silver dollars
F r a c t i o n a l s i l v e r coin
M i n o r coin
G o l d certificates
Currency^ certificates
Redemption and exchange.
Special customs deposit —
Issues
Total
215,123
959,203
387,064
621, 396
550, 834
429, 075
307,178
093, 520
572, 205
346,865
445, 000
$2, 571, 664
36,417
76, 530
576, 584
157, 622
11, 993,044
$32,489 $24,516, 333
2,547
640,174
21, 972
2, 900, 030
73, 910 11, 906, 095
97,487
8,856,122
7, 688,127 152,891,182
$2, 324, 284
184, 309
101, 966
1, 907,199
1, 481, 549
38, 072,172
32, 000
1,501
500
1, 347, 725
5. 242, 979
503,236
7, 003, 703
813, 839
116, 931
595,197
553,195
36, 396, 371
90
498,075, 855
51, 842,323
I 9, 420, 000
32, 298, 566 j 70, 994, 582
831
145,160
I 80,676,000
40,216,028 ,370,039,618
26,845, 399
41,054
16, 008, 000
94,900, 405
890,387
839, 798
745, 779
219,394
13,967
764, 818
15,166
38,911,992
DISBURSEMENTS.
W a r r a n t s and checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
C u r r e n c y certificates
Rederaption ^nd exchange:
Gold c o i n . . . . .
Standard silver d o l l a r s . . .
F r a c t i o n a l s i l v e r c o i n . o.
United States n o t e s . . . . . .
T r e a s u r y u o t e s of 1890 . . .
National-bank notes
Gold certificates
S i l v e r certificates
M i n o r coin
Fractional currency
Clearing-house balances
Redemption and destruction .
Total
Account.
41, OOD
51, 961
943, 872
727, 250
457, 551
077, 392
806,100
330,594
560
5,904
856,159
4,945
4,143
,739,623
2
36, 972, 000
383,103, 078
Nationalbank notes.
G o l d certificates.
12, 259 23,531, 003
1, 405, 506 74, 263,009
9,867
8, 895, 304
23,941, 314 104,408,118
25, 595, 000
919,636
110,347
940
4, 258, 402
482,801
2, 007, 945
4, 263, 022
3,355,490
647
40
1,200
384, 995
. 332,956
12, 560, 980
26, 756, 273
1,632, 323
11, 632, 044
97, 947
194,400
1, 220, 965
26
3, 289, 699
80, 076, 000
40, 769, 416 375,471, 042
S i l v e r cerM i n o r coin
tificates.
2,486,431
9, 376, 430
1, 954, 992
32, 343. 371
16, 770
579,803
156, 288
929, 635
6, 993, 805
6, 692, 248
53, 303
7,479
13,028
33, 499, 280
95,102, g
Total.
RECEIPTS.
Customs
Internal revenue
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t r a e n t
Transfers
Gold b a r s
Standard silver dollars
F r a c t i o n a l s i l v e r coin . . . . . .
M i n o r coin
."
Gold certificates
C u r r e n c y certificates
Rederaption and exchange .
Special c u s t o m s d e p o s i t
L o a n of 1908-1918.
Total
$107,044,841 $33, 815, 563
$552,991
425. 018
561, 830
261,360
3, 013', 564
6, 005, 737
3,115, 473 14,140, 474
8, 619, 592
5, 025, 219
9,284,179
7, 949,813
25, 251, 403 |369, 868, 779 251, 071, 369
.
62, 801
1, 291,150
97, 255
2, 376, 750
3,123,770
618,822
24, 709, 378
5,589,219
868, 265
76, 687,777 119, 978j 042
1241, 957, 856
16,751,102
217, 545, 000 172,116, 000
102, 887
120, 923, 822 1,047,984,336 646, 241, 291
85,266,170
$947 $232, 521, 244
268
3, 362,757
4,445
13, 772,668
4,587
48, 965, 310
22, 589
37, 425, 414
655, 552 1, 014, 920, 703
26, 307,178
36, 625,912
19, 634,713
31
2, 551,919
24, 445,000
9, 420, 000
3, 589, 077
547, 651,181
180
370, 449, 468
486, 345, 000
102, 887
4, 277, 676 2, 874, 501, 354
DISBURSEMENTS.
W a r r a n t s and checks
D i s b u r s i n g officers
Post-Office D e p a r t r a e n t
Transfers
C u r r e n c y certificates
Redemption and exchange:
Gold coin
Standard silver d o l l a r s . . .
F r a c t i o n a l s i l v e r coin
United States notes
T r e a s u r y n o t e s of 1890 . . .
National-bank notes
G o l d certificates
S i l v e r certificates
M i n o r coin
Fractional currency
Clearing-house balances
Rederaption and d e s t r u c t i o n .
F i v e per cent fund
for FRASER
Total
Digitized
910, 306 20,146, 046
9, 422, 892
1,133
8, 384, 779423,100, 547 67, 636, 087
313, 554
I, 014, 019 ,483,302
4,964,376
1, 441
11,157,010 207, 498, 032 204, 819, 496 1,293,479
111, 999 124,707, 538
92,108
4,572
182, 000 33,971,793
640,720
3, 578, 263 3, 306, 222
1,000 10, 078, 980 7,361,925
3, 774, 597 9, 698,123
8,790
36,193, 957
882, 359
33, 000 12,937, 082
• 2,000 101, 739,103
13, 000
418, 279
189, 660
397, 056
185, 622,920
36
17, 909, 793 23, 825, 640 162,186, 504
74,627, 064
114,996,922 1,022,364,076 642, 672, 637
67, 414, 424
831, 085,128
32, 084, 306
625, 592, 206
25,595,000
126,391,197
35. 237,681
24, 187,298
64, 846,955
25,026,252
56,834,387
75, 785,116
112, 828, 510
2, 570, 742
66.
12 225, 885,867
318,097, 217
74, 627, 064
4, 291, 62012,724, 089, 416
116,668
3,689
13
727, 586
130, 893
294, 458
436, 868
971, 315
511
TREASURER.
39
W o . 1 5 . — A S S E T S AND L I A B I L I T I E S O F T H E T R E A S U R Y O F F I C E S J U N E 30, 1900.
Washington.
Baltiraore. ,
New York.
Philadelphia.
Boston.
ASSETS.
Gold coin
$6, 720, 379. 76 $5, 252, 434. 86 $171, 282,987. 50
151,521,264.00 6, 587, 043. 00
57,818,146. 00
Standard silver dollars
524, 571. 24
260. 619. 60
Fractional silver coin
1,166, 000. 05
11,475,816.00 1, 410, 660. 00
United States notes
6, 908,734. 00
341.00
64, 230: 00
107, 862. 00
Treasury notes of 1890
6, 787,132. 32
99, 302. 00
51, 936. 00
National-bank notes
887, 300. 00
663,090.00
Gold certificates
7,647,370.00
1, 542, 521.00
188, 413. 00
Silver certificates
- .
923, 910. 00
19, 612. 24
15,134. 56
Minor coin
- 47,194. 87
103. 43
450. 00
286.75
Bonds and interest paid...
7, 208.33
$5,617, 092.50 $18,563,669.89
8, 617, 822.00
1, 7.66, 853.00
434, 344.20
170, 637. 50
3,693,773.00
1, 263. 095. 00
3, 922. 00
6, 363. 00
28, 004. 00
82,193.00
4, 656, 560. 00
1,071,560 00
729,070.00
717, 994. 00
35,186. 30
13,112. 32
23.22
865.75
2, 926.77
Total cash assets
Transfer accouut
179, 479, 387. 56 14,541, 213.77
18, 678, 677.-31
245, 961, 452.18 23, 816, 662. 97
Aggregate
198,158, 064. 87 14,- 541, 213.77
245,961,452.18 23, 816, 062. 97
23, 658, 404.48
i - -
- . -
23, 658,404.48
LIABILITIES.
Outstanding warrants and
checks
.
Disbursing officers' balances
Post-Office D e p a r t m e n t
account
Bank-note 5 yer cent rederaption fund
Other deposit and redemp^
tion accounts
80, 894.87
60, 234. 25
876,110.10
32, 693.43
176, 996.41
3, 866, 900. 08
345, 233. 92
20, 900,461. 39
2,201,131.00
1,050,561.77
844, 389. 20
165, 282.41
2, 240,800. 40
774, 595.43
790, 553. 03
11, 891, 561. 56
3, 539, 558.49
31,117.91
3, 283, 002. 76
111,721.93
212,871.01
Total agency account 20, 223,-304. 20
601,868. 49
Balance to credit of mints
aud assay offices .
Balauce transfer account..
i, 46i, 546. 54
Balance general account . . 177, 934, 760. 67 12, 537, 798. 74
27, 300, 374. 65
3,120,141.79
2,830,982.22
Afifii'recate
198,158, 064. 87 14, 541, 213.77
Cincinnati.
Chicago.
2,129, 586. 35
3, 678,848. 42 2,912,832.67
4, 077, 755.03
212, 852. 642. 76 17, 783, 688. 51 16, 749, 667. 23
245,961, 452.18 23,816,662.97
St. L o u i s .
New Orleans,
23, 658, 404. 48
Sau F r a n cisco.
ASSETS.
Gold coin
....
Standard silver dollars
Fractional silver coin
United States notes
Treasury notes of 1890
Nationai-bank notes
Gold certificates
Silver certificates
Minor coin
.'
Fractional currency
Bonds and interest iJaid...
Total cash assets
Unavailable
A STffreirate
$3, 882,144. 55 $16,040,903.21
507, 900. 00
1,022,430.00
211, 215. 00
441,938.00
683,000.00
2,618,901.00
5, 000. 00
62,420.00
383,000.00
1,147,415.00
650, 000. 00
2,113,280.00
373,120.00
632,958.00
19, 653. 09
20,711.45
1,190. 08
4,441.45
6, 716,222. 72 24,105,398.11
6, 716, 222.72
24,105,398.11
$8, 390, 704. 00 $4,767,771.80 $26,472, 638. 86
11, 692, 494. 00 14, 329,115. 00 31,752, 228. 00
297,074.00
236, 679.05
424, 344.21
24, 244. 00
1,198, 250. 00
408,386. 00
84, 044. 00
109, 900. 00
193, 976. 00
1, 995. 00
568, 000.00
224, 355. 00
I, 520. 00
5, 375, 000. 00 4,196, 480. 00
547, 732. 00
377, 574. 00
419,124. 00
4, 905. 69
8, 382. 79
18, 854.39
68.75
731. 85
104. 50
661. 65
'28,184,860.29 24, 972, 039. 30
701, 851. 34
58,970, 438. 95
28,184, 800. 29 25, 673, 890. 64
58 970,438. 95
LIABILITIES.
Outstandingwarrants and
checks . . .
D i s b u r s i n g officers' balan ees
P o s t - O f l i c e D e p a r t m e n t account.
O t h e r d e p o s i t a n d rederaption accounts
Total agency account
B a l a n c e t o c r e d i t of m i n t s
a n d a s s a y offices
Balance transfer account..
Balance general account ..
Asffifresate . .
48, 068. 01
603,524.04
432, 785. 02
4,315,077.91
268,220.70
1,544,446.32
29, 321. 37
61,543.98
778,395.10
6,524,592.25
494,543.97
. 5,443,283.65
6, 716, 222. 72
167, 522. 33
147, 557. 28
344, 587.15
1,034, 504. 58 1, 334, 820.13
4, 913,437. 33
803, 965. 54
126, 343. 06
353, 576.19
41, 383. 62
4, 203. 71
3, 893. 35
2, 047, 376. 07
1, 612, 924.18
5, 615,494. 02
188,144.39
2,254,466.21
15,138,195.26
7,912.99
1, 319,809.56 1,249, 509. 64
24, 809, 761. 67 22, 811, 456. 82
637,895.73
1, 289, 365.27
51, 427, 683. 93
24,105,398.11
28,184,860.29 25, 673, 890. 64
58,970,438. 95
40
REPORT ON T H E F I N A N C E S .
IVo.
1 6 . — A S S E T S OF THE TREASURY I N T H E CUSTODY OF MINTS AND ASSAY
O F F I C E S J U N E 30,
1900.
Boise City.
C a r s o n City.
Charlotte.
Dahlonega.
Deadwood.
BULLION F U N D .
Gold coin
.. . . .
Gold bullion
Standard silver dollars
Fractional silver coin . . . .
Silver bnllion
United States notes
$23, 827. 92
. 1,254.53
7, 047. 00
4, 460. 38
1,211.35
$58,703.11
20.82
1, 000.00
Balance in subtreasuries
and national banks
103, 794. 68
14, 315. 67
$28, 588. 98
Total available
163, 518. 61
52,116. 85
75, 549. 75
28, 588. 98
32, 000.00
$27, 950.03
127, 666. 60
60, 588. 98
27, 950.03
163, 518. 61
Denver.
Helena.
$272, 669. 39
$46, 667. 83
New York.
. $21, 544.19
21, 544.19
NewOrleans.
21, 544.19
San F r a n cisco.
BULLION F U N D .
$14,470.00
$346, 751. 21
35, 495, 450. 53
904, 626. 61
1, 379. 00 21,197,000.00
1, 274. 50
125, 892. 68
691, 565. 27 2, 807, 624. 77
27, 699. 00
50. 22
$6,154, 550. 00
2, 718, 801. 74
51,775, 509. 00
1,122, 243.16
2, 890, 577. 24
Standard ailver dollars
Fractional silver coin . . .
Silver bullion
......
United States notes
Minor coiu
Balance in subtreasuries
and national banks
576, 841. 66
53, 359. 80
Total available
849,511.05
100,027. 63
38, 311, 438. 03 25, 409, 594.27
25, 000. 00
64, 661, 681.14
413, 557. 96
1 043 45
849, 511. 05
100,027. 63
38, 311,438. 03 25,434, 594.27
65, 076, 282. 55
2,107, 248. 51
Loss on recoinage
Philadelphia.
St. L o u i s .
Seattle.
Total.
BULLION F U N D .
Gold coin
Gold bulliou
Standard silver dollars
Fractional silver coin
....
$36, 921,934. 50
72,489, 233.11
73, 244, 687. 00
1, 281, 437.88
62, 060, 951. 60
United States notes
Minor coin
Balance in subtreasuries and national
banks
Total available
Unavailable
...
Loss on recoinage
Aggregate bullion fund
$2, 090. 58
$1,136,213.69
3.38
$43, 461, 533. 63
113,125,711.12
146, 225, 622. 00
2, 535, 329. 42
68, 451, 933. 61
28,699. 00
50. 22
7, 912. 99
245,998, 244.09
776, Oil. 78
3, 689, 618. 26
10, 006. 95
1, 912, 225.47
377,518,497.26
574, 057. 74
15, 632. 43
10, 006. 95
1, 912, 225. 47
378, 108,187.43
14, 588. 98
246, 012, 833.07
MINOR COIN AND ' M E T A L F U N D .
United States notes
M i n o r coin
AfiTfifreeate a s s e t s
49, 245. 00
241, 473. 35
246,303.551.42
49, 245.00
241, 473. 35
10 006.05
1 PI 9, 99.S 4 7
37ft 2QR Qn.^ 7ft
41
TREASURER.
No. 17.
- G E N E R A L DISTRIBUTION OF THE ASSETS AND L I A B I L I T I E S
TREASURY J U N E 30, 1900.
Treasury
offices.
M i n t s a n d as- N a t i o n a l - b a n k
and other •
s a y offices.
depositories.
I n transit.
OF T H E
Total.
ASSETS.
Gold coin
Gold bullion
Standard silver dollars
Fractional silver coin
Silver bulliou
United States notes
Treasury notes of 1890
.
Gold certificates
Miuor coin
Fractional currency
$266, 990, 726. 93 $43, 461, 533. 63
11.3,125,711.12
285, 615, 295. 00 146, 225, 622. 00
4,167, 422. 85 2, 535, 329. 42
68, 451, 933. 61
77,944.00
29, 684, 859. 00
638. 058. 00
9, 373, 332. 32
27, 262,160. 00
6,452, 416. 00
202, 747.70
241, 523. 57
195. 40
18, 867.13
Bonds and interest paid . . .
$310,452,260.56
113,125,711.12
$382. 00 431, 841, 299. 00
L70
6, 702, 753. 97
68,451,933.61
2, 946, 668. 00
32, 709, 471. 00
85, 000. 00
723, 058. 00
152, 000. 00
9, 525, 332. 32
22, 000. 00
27, 284,160. 00
1, 097,010. 00
7, 549, 426. 00
444,271.27
195 40
$98, 736, 806. 93
98, 736, 806.93
18,867.13
•
Total available assets 630, 406, 080. 33 374,119,597. 35 9S, 736,806.93 4, 303,061. 70 1,107,565,546.31
1, 494, 372 63
Unavailable
701, 851. 34
574, 057. 74
218,463.55
Unpaid loss on, recoin age..
15, 632.43
15, 632.43
Balance in subtreasuries
3,689,618.26
and national banks.
3, 689, 618. 26
Transfer account
18, 678, 677. 31
18, 678, 677. 31
Affsrresate
649, 786, 608. 98 |378, 398, 905. 78 98, 955, 270.48 4, 303. 061. 70 1,131,443,846.94
LIABILITIES.
Outstandingwarrants and
checks
D i s b u r s i n g officers' balances
Post-Office D e p a r t m e n t a c -
2, 538,187. 87
207, 703. 53
2, 745,891.40
40, 994, 913.13
5,173, 208. 36
46,168,121.49
7, 912,172. 28
8, 444. 52
7. 920, 616. 80
Bank-note 5 p e r cent re11,891,56L56
11, 891, 561. 56
Other deposit and redemption accounts
928, 952. 56
7, 318, 6.18.13
T o t a l a g e n c y a c c o u n t 70, 655,452. 97
B a l a n c e t o c r e d i t of m i n t s
2,963, 539.46
a n d a s s a y offices
Balance transfer account
18, 678, 677. 31
B a l a n c e g e n e r a l a c c o u n t . . 557, 488, 939. 24 378, 398, 905. 78
Aggregate
No.
649,786, 608. 98 378,398,905.78
1§.—DISTRIBUTION
Location.
Washiugton
Baltimore . . . ,
New York
Philadelphia
Boston
Cincinnati
Chicago
St. Louis
,
New Orleans
San Francisco
Miuts and assay offices
National banks
United States depositories .
I n transit
Total Treasurer's books.
On deposit with States
Total Treasury balauce .
5, 389, 356.41
8, 247, 570. 69
928, 952. 56
76, 973,761. 94
726, 078. 80
3,689, 618. 26
18, 678, 677. 31
92, 839, 835. 27 3,374,109.14 1,032,101,789.43
98,955, 270. 48 4,303,061.70 1,131,443,846. 94
OF T H E G E N E R A L TREASURY BALANCE J U N E 30,
Treasurer's
general ac-
Receipts not
covered by
warrants.
1900.
Balance as
shown by
warrants.
$177, 934,
760.67
12, 537,
798.74
642. 76
212, 852,
688. 51
17, 783,
667.23
16, 749,
5,443,283.65
15,138, 195. 26
761.67
24, 809,
456. 82
22, 811,
683. 93
51, 427,
905.78
378, 398,
133.10
92, 836,
702.17
3,
109.14
3, 374,
$198, 634:43 $177,736,126.24
1,817.59
12, 535,
981.15
86, 865. 47 212,765,777. 29
205,149. 59 17, 578,
538.92
5, 735.14 16, 743,
932. 09
68.10
5,443,215. 55
43, 763.14 15, 094,
432.12
29, 967. 22 24, 779,
794. 45
536. 89 22, 810,
919. 93
208, 906.29 51, 218,
777.64
905. 78
378, 398,
85, 640. 90 92, 750,
492. 20
3,702.17
109.14
3, 374,
1, 032,101, 789.43
867,084.76 1,031,234,704.67
28,101,644.91
1, 059,336, 349. 58
42
No.
REPORT ON T H E FINANOES.
1 9 . — A V A I L A B L E ASSETS AND N E T L I A B I L I T I E S
1899 AND 1900.
OF THE TREASURY J U N E
J u n e 30,1899.
Gold:
Coin
Bullion .
J u n e 30,1900.
$310,452, 260. 56
113,125, 711.12
$163,244, 682. 92
120, 515, 651. 00
$423, 577, 971. 68
$283, 760,333.92
Silver:
Dollars
Fractional coin.
Bullion
431,841,299.00
6, 702, 753. 97
68, 451, 933.61
417, 084, 805. 00
5, 800, 727. 94
85,130, 851. 38
506,995,986.58
508, 016, 384. 32
Paper:
United States notes —
T r e a s u r y n o t e s of 1890.
Nationai-bank notes . . .
Gold certifi c a t e s
S i l v e r certificates
Currency certificates—
38, 329,174. 00
956, 516. 00
3,545, 431.84
1, 641, 900. 00
3, 948, 887.00
1, 080, 000. 00
Other:
M i n o r coin
Fractional currency
Deposits in national bauks .
Bonds and interest paid
30,
272,159.52
67.53
76, 283, 655. 30
39, 415. 82
32, 709, 471. 00
723,058. 00
9, 525, 332. 32
27, 284,160. 00
7, 549, 426. 00
77,791, 447. 32
49, 501, 908.84
444,271.27
195. 40
98, 736, 80.6. 93
18, 867.13
76, 595, 298.17
99, 200,140. 73
917, 873, 925. 25
Aggregate.
1,107, 565, 546. 31
LIABILITIES.
Agency account:
O u t s t a n d i n g warr.ants a n d c h e c k s
D i s b u r s i n g officers' b a l a n c e s
Post-Office D e p a r t m e n t a c c o u n t . .
Bank-note 5 p e r cent redemption
fund
Other deposit and redemption
accounts
2, 825,105. 38
47, 023, 508. 64
5, 983, 915. 50
2, 745, 891. 40
46,168,121. 49
7, 920, 616. 80
9, 059,437. 28
11,891,561.56
8, 247, 570. 69
13, 236, 839. 25
76, 973, 761. 94
78,128, 806.05
General account:
Gold certificates
S i l v e r certificates
C u r r e n c y certificates . .
Treasurj'^ n o t e s of 1890.
Reserve fund
•.
Balance
228,017,179.00
416,015,000.00
3, 705, 000. 00
76, 027, 000. 00
150, 000, 000. 00
156, 827, 605. 37
34, 297, 819. 00
406, 085,504.00
21, 355, 000. 00
93,518,280.00
100, 000, 000.00
184. 488, 516. 20
839, 745,119. 20
No.
1, 030, 591, 784. 37
917, 873,925. 25
Aggregate.
1,107, 565, 546. 31
2 0 . — A S S E T S AND L I A B I L I T I E S OF T H E T R E A S U R Y IN E X C E S S OF CERTIFICATES
AND TREASURY N O T E S J U N E 30, 1899 AND 1900.
J u n e 30,1899.
J u n e 30,1900.
ASSETS.
Gold coin a n d b u l l i o n
S i l v e r d o l l a r s a u d bullion
F r a c t i o n a l s i l v e r coiu
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
M i n o r coin
:
Fractional currency
Deposits in national banks
Bonds and interest paid
,
,
Total....
$251,104,414. 92 $222, 844, 952. 68
6, 560, 759. 38
15,800, 658. 61
5, 800, 727. 94
6, 702, 753. 97
18, 054,174. 00
29, 004,471. 00
956, 516. 00
723, 058. 00
3, 545, 431. 84
9, 525, 332. 32
272,159. 52
444, 271. 27
67.53
195.40
76,283, 655. 30
98, 736, 806. 93
39, 415. 82
18, 867.13
362, 617, 322. 25
383, 801, 367. 31
78,128, 800. 05
100, 000, 000. 00
184,488,516.20
76, 973, 761. 94
150, 000, 000. 00
156, 827, 605. 37
362, 617, 322.25
383,801,367. 31
LIABILITIES
Agency account
R e s e r v e fund
Available cash balance
Total
!
TREASURER.
43
N o . 2 1 . — U N A V A I L A B L E F U N D S OF THE GENERAL TREASURY AND P O S T - O F F I C E
DEPARTMENT J U N E 30, 1900.
GENERAL TREASURY.
On deposit with the following States under the act of June 23, 1836:
Maine
New Hampshire
Vermont
Massachusetts
Counecticut
Rhode Island
New Tork
Pennsylvauia
NewJersey
Ohio
Indiana
;
^Illinois
Michigan
Delaware
Maryland
:
Virginia
North Carolina
South Carolina
Georgia
Alabama
Louisiana
.Mississippi
Tennessee
Kentucky
Missouri
Arkansas
.'
$955, 838.25
669,086. 79
669, 086. 79
1,338,173. 58
764, 670. 60
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
Total on deposit with the States
$28,101,644.91
Deficits and defalcations:
Subtreasuries:
Defalcation, subtreasury United States, New Oi.'leans, 1867,
May and Whitaker
$675,325,22
Defalcation, subtreasury United States, New Orleans, 1867,
May property
5,566.31
Deficit, subtreasury United States, New Orleans, 1885
20, 959.81
—^
701, 851.34
Mints and assay offices:
.
Deficits and defalcations, raint United States, San Francisco, 1857 to 1869
413,557.96
Defalcation, raint United States, Dahlonega, 1861
27, 950.03
Defalcation, raint United States, Charlotte, 1861
32, 000.00
Deficit, raint United States, New Orleans, 1895
25, 000. 00
Deficit, mint United States, Carson City
75, 549.75
574, 057.74
National bank depositories:
Failure, Venango National Bank of Franklin, Pa
..
181,377. 51
Failure, First National Bank of Selma, Ala
33,383. 87
214,76L38
Depositories United States:
Defalcation, depository United States, Galveston, 1861
778.66
Defalcation, depository United States, Baltimore, 1866
547.50
Defalcation, depository United States, Pittsburg, 1867
. 2,126.11
Deficit, depository United States, Santa Fe, 1866, short in
remittance.
249.90
:
3,702.17
Total deficits and defalcations
1,494,372.63
Total general Treasury
29, 596,017. 54
POST-OFFICE D E P A R T M E N T .
Defalcation,
Defalcation,
Defalcation,
Defalcation,
subtreasury United States, New Orleans, 1861
depository "United States, Savannah, 1861
depositor'^ United States, Galveston, 1861
depository United States, Little Rock, 1861
Aggregate
31,104.44
205.76
83. 36
5,823. 50
37,277.06
29,633,294.60
44
No.
REPORT
ON T H E
FINANOES.
2 2 . — G O L D COIN AND BULLION IN T H E TREASURY AT T H E END OF EACH M O N T H ,
FROM
Month.
1878—June
July
August ...
Septeinber
October...
November
December.
1879—January . .
Februa'ry .
March
April
May
June
July
August...
Septeraber
October...
Noveraber
December .
1880—Jauuary . .
February .
March
April
May
June
July .......
August ...
Septeraber
October...
November
December.
1881—January . .
February .
March
April
May
June
July
August ...
Septeraber
October . . .
November.
December.
1882—January . .
February .
March ....
April
May
June
July
A u g u s t . -.
Septeraber
October...
November.
December.
1883—January . .
February .
March
April
May
June
July
August ...
September
October . . .
November.
December.
1884—January . .
February .
March ."..
April
May
June
July .:-..August...
September
October...
Novemberl
December.
Coin.
$122, 136, 831
124, 299, 698
126, 834, 375
126, 987, 235
132, 908,725
135, 927,822
128, 575, 951
128, 792, 903
127, 863, 855
128, 481, 964
128, 368, 932
130, 838,696
129, 920, 099
128, 019, 531
130, 364,253
133, 809, 844
121, 159.249
102, 559i 917
95, 790, 430
96, 463,601
93, 224, 947
93, 437, 767
91, 538,563
83, 490, 250
82, 660, 461
77, 807, 002
77, 008,066
67, 517,592
59, 983, 295
66, 357,915
481, 245
01, 797,508
60,
84, 277.451
85, 200, 962
73, 178,856
70, 986, 463
74, 153, 945
62, 685,434
82, 346, 981
76, 610, 270
76, 036, 377
85, 647, 043
84, 639,865
81, 266, 312
95, 335,841
95, 238,892
88, 853,449
93, 066, 698
91, 964, 504
87, 795,405
95, 581,761
101, 298, 687
108, 888,963
113, 364,279
119, 523,136
121, 868.452
125, 446, 071
130, 277, 402
132, 185, 385
136, 134,116
141, 824,496
144, 010,345
144, 290, 897
144, 446, 727
147, 037,093
149, 540, 757
152, 608, 393
154, 882,129
154, 863,976
150, 347,174
150, 638,694
156, 334,723
160, 336, 986
162, 005, 978
163, 140, 863
164, 957, 455
166, 679,599
169, 177,043
171, 553, 205
JUNE,
Bullion.
1878.
Total.
$6, 323, 372 $128, 460, 203
7,714, 922 132, 014, 620
7, 713, 661 134, 548,036
9, 049, 067 136,036, 302
7, 963, 429 140, 872,154
6,472,313
142, 400,135
6, 806, 689 135, 382, 640
4, 964, 004 133, 756, 907
5, 401, 704 133, 265, 559
133, 416,126
4,934,162
6,151, 208 134, 520,140
5, 841, 564 136, 680, 260
5, 316, 376 135, 236, 475
7,497, 952 135, 517, 483
141, 546, 390
11,182,137
35,797,151
169, 606, 995
• 50, 358, 465 171,517,714
57, 883, 520 160, 443,437
61, 999, 892 157, 790, 322
57,226, 426 153, 690,027
53,525, 811 146, 750, 758
50, 572, 784 144, 010, 551
138,783, 440
47, 244,877
45, 219, 246 128, 709, 496
43, 484, 966 126,145, 427
45, 319, 644 123,126, 646
50, 671, 214 127. 679, 280
67, 727, 241 135,244,833
80, 742, 658 140,725, 953
85, 004, 604 151, 362, 519
95, 260, 851 156,742, 096
93, 746, 701 154, 544, 209
88, 760, 802 173, 038, 253
88, 467, 201 173,668,163
97,140, 898 170, 319, 754
92, 783, 696 163, 770,159
89,017,716
163.171, 661
92, 226, 041 154, 911, 475
87,148, 541 169, 495, 522
97, 751, 075 174, 361, 345
96, 953,452 172, 989, 829
92,578, 261 178, 225, 304
87, 977, 603 172, 617,468
83, 886, 477 165,152, 789
78,422, 033 173, 757, 874
71, 218, 465 166, 457, 357
66, 215, 653 155, 069,102
60, 918, 848 153, 985, 546
56,541,886
148, 506, 390
57, 283, 625 145, 079, 030
53,722,160
149, 303, 921
51,440,420
152, 739,107
50, 916, 780 159, 805, 743
50, 903, 305 164, 267,584
51, 981, 432 171, 504, 568
51,449, 383 173,317,835
52, 215, 560 177,661,631
54,475, 312 184,752, 714
55, 652, 057 187, 837, 442
57,175, 927 193,310, 043
56, 254, 072 198, 078, 568
58, 757, 690 202, 774, 035
59, 876, 078 204.172, 975
61, 683, 816 206,130, 543
62, 392, 847 209,429, 940
66, 592, 571 216,133, 328
66, 406, 346 219,014, 739
66, 931, 227 221, 813, 356
67,017,657
221, 881, 633
60, 724,333 211, 071,507
45, 686, 932 196, 325, 626
44, 797, 665 201,132, 388
44, 539, 608 204, 876, 594
48, 533, 573 210, 539, 551
51,342, 794 214,483,657
52, 946, 587 217, 904, 042
55, 856, 761 222, 536, 360
62, 212, 318 231, 389, 361
63,422, 647 234,975,852
Held against
certificates.
$24, 897, 680
23,852,980
17,222,180
23,433, 680
22, 906, 480
24,117, 780
21,189, 280
17, 082, 680
16, 379, 280
16, 253,960
15, 710, 460
15, 380,120
15, 279, 820
15,196, 900
15, 008, 700
14, 843, 200
14, 377, 600
13,195, 460
II, 596,140
10, 350, 000
9,755, 300
8,244, 000
8,056, 800
8,010, 300
7, 963, 900
7, 852, 000
7,661,100
7,480,100
7,447, 700
7, 381, 380
6, 528, 380
6,491,400
6, 229, 400
6,028, 900
5, 961, 200
. 5,876,280
5, 759, 520
5,748,120
5, 397,120
5, 239. 320
5, 204, 220
5,199, 620
5,188,120
5,180, 220
5,172, 320
5,166, 920
5, 071,120
5, 052, 920
5, 029, 020
5, 016,440
4, 992, 040
4, 907, 440
11, 370, 270
19, 458, 270
39, 514, 810
47, 669, 640
42,554, 470
43,444, 510
48, 398, 200
59,591, 940
59, 807, 370
60,068, 600
54, 547, 540
55, 014, 940
52, 076,180
58, 897, 620
63, 585,140
77,462, 620
77, 843, 430
68,812,150
56, 700, 805
59,125,480
71,146, 640
91,491,490
92, 017, 940
87, 389, 660
87, 865, 570
93, 374, 290
93,287,420
Net.
$103, 562, 523
108,161,640
117, 325, 856
112, 602, 622
117, 965, 674
118, 282, 355
114,193, 360
116, 674, 227
116, 886, 279
117,162,166
118, 809, 680
121, 300,140
119, 956, 655
120, 320, 583
126, 537, 690
154,763,795
157,140,114
147, 247, 977
146,194,182
143,340, 027
136,995,458
135,766,551°
130, 726, 640
120, 699,196
118,181, 527
115, 274, 646
120, 018,180
127, 764, 733
133, 278, 253
143, 981,139
150, 213, 716
148, 052, 809
166.808, 853
167,639, 263
164, 358, 554
157, 893, 879
157,412,141
149,163,355
• 164,098,402
169,122, 025
167,785,609
173, 025, 684
167, 429, 348
159, 972, 569
168, 585, 554
161, 290,437
149, 997, 982
148, 932, 626 .
143, 477, 370
140, 062, 590
144,311,881
147, 831, 667
148, 435, 473
144.809, 314
131,989, 758
125, 648,195
135,107,161
141, 308, 204
139,439, 242
133, 718,103
138, 271,198
142, 705, 435
149, 625, 435
151,115,603
157,353,760
157, 235, 708
155, 429, 599
144, 350, 736
144, 038, 203
142, 259, 357
139, 624, 821
142,006, 908
133, 729, 954
119, 048, 061
122, 465,717
130, 514, 382
134, 670, 790
138, 015, 071
141,688,432
45
TREASURER.
No..22. - G O L D
C O I N AND HULLION I N T H E T R E A S U R Y AT T H E E N D O F EACH MONTH,
Month.
1885—January . . .
February ..
March
April
May
June
July
August
September .
October
November..
December . .
1886—January
Febraary...
March..'
April
May
Julie
July
August
Septeiuber .
October
November..
December..
1887—January
February...
March
April
May
June
July
August
September .
October
November..
December..
1888-January
Februaiy...
March
April
May
Juiie
July
August
September .
October
November..
December..
1889—January.--.
February...
March
April
May
June
July
August
. September .
October
November..
Deceraber..
1890—January
February...
March
April
May
June
July
August —
September.
October . . .
November..
Deceraber .
1891—January —
February...
March
Aprii
May
June
July
August —
FROM J U N E , 1878—Continued.
Coin.
Bullion.
Held against
certificates.
Net.
$172, 747, 344 $64,420, 631 $237,167, 975 $111, 980, 380
$125,187, 595
175, 297, 232
64, 732, 611 240, 029,843 112, 683, 290
127, 346, 553
177, 143,231
64, 297, 566 241, 440, 797 115, 647, 540
125, 793, 257
177, 427, 377
117, 927, 395
65, 734,818 243,162,195
125, 234, 800
178, 039, 678
244, 363, 543 128,553, 010
115,810, 533
66, 323, 865
179, 952, 890
120, 298, 895
67, 075, 735 247, 028, 625 126, 729, 730
180, 083,998
69, 283, 598 249, 367, 596 123, 289, 000
126, 078, 596
180, 175, 905
70, 081, 513 250, 257, 418 123,885,490
126,371,928
180, 198, 974
71, 052,140 251, 251,114 118,137, 790
133,113, 324
178, 941,459
142, 338, 589
72, 417, 890 251, 359, 349 109, 020, 760
178, 002, 782
73, 942, 796 251, 945, 578 105, 554, 092
146, 391, 486
180, 793, 981
72, 557, 429 253, 351, 410 105, 359, 601
147,991,809
179, 402, 994
71, 968, 567 251, 371, 561 115, 284, 951
136, 086, 610
183, 314, 744
144,164, 038
66, 486, 344 249, 801, 088 105, 637,050
182, 900, 437
151, 379, 525
59, 254, 731 242,155,168
90, 775, 643
185, 335,205
240, 580, 533
55.245,328
84,715, 225
155, 865, 308
187, 138, 939
49; 285, 795 236, 424, 734
80,120,025
156, 304, 709
189, 529, 604
43,308, 520 232, 838,124
76, 044, 375
156,793,749
190, 001,215
43, 650, 307 233, 651, 522
74, 718, 517
158, 933, 005
189, 915, 047
45, 515, 589 235, 430, 636
77, 698, 347
157, 732, 289
189, 376, 275
53, 232, 743 242,609,018
84, 691, 807
157, 917, 211
187, 168,509
59, 663, 639 246, 832,148
88, 294, 969
158, 537,179
185, 730,177
90, 520, 633
68, 720, 676 254,450, 853
163, 930, 220
187, 196, 597
97, 215, 605
80, 931, 422 268,128,019
170, 912, 414
189, 122, 038
85, 018, 430 274,140, 468 105, 665,107
168, 475, 361
191, 602, 707
275, 088, 627
83, 485, 920
175,130, 262
99,958, 365
192, 554,053
275, 985, 863
83,431,810
94,046,015
181, 939, 848
191, 473, 345
83, 863, 571 275, 336, 916
94, 434, 485
180, 902,431
192, 461, 995
85,166, 756 277, 628, 751
90, 960, 977
186, 667, 774
192, 368,916
85, 732,190 278,101,106
186, 875, 669
91, 225, 437
192, 197,040
89, 099, 377 281, 296, 417
186, 306, 330
94,990, 087
189, 187,480
92, 852, 054 282, 039, 534
88, 765, 340
193, 274,194
182, 324, 850
108, 377, 780 290, 702, 630
97, 984, 683
192, 717, 947
182, 342,103
99, 684, 773
202, 859, 832
181, 883, 796 120, 202, 502 302, 544, 605
120, 777, 483 302, 661, 279
90,780, 753
211, 880, 526
182, 618, 964
96, 734, 057
208, 608,130
185, 906, 571 122,723, 223 305, 342,187
202, 955,184
187, 745, 300 121, 902, 584 307, 809, 155 104,853, 971
121,822, 527 309, 567,827
96, 697, 913
212, 869, 914
189, 604,374
121,167, 828 310.772, 202
91, 953, 949
218, 818, 253
190, 668, 288
99, 561, 293
312, 801, 287
213, 239, 994
195, 832, 419 122,132,999
114, 050, 440 309, 882, 859 109, 581, 730
200, 301,129
203, 636, 984
193,866, 247
218, 538, 859 110,116, 633 313, 753, 617 119, 887, 370
108, 012, 533 326,551, 392 131,959,112
194,592, 280
223, 307,190
206, 383, 036
224, 262, 012 107, 826, 240 . 331,133,430 124, 750, 394
197, 713,116
108, 289, 294 332,551,306
134, 838,190
223, 209,020
191, 074, 575
108,479, 213 331, 688, 233 140, 613, 658
224,
199, 339,134
227, 176, 751 104, 426, 611 328, 603, 362 129, 264, 228
203,885 219
96, 919, 454 324.773, 667 120, 888, 448
229, 854, 213
96, 590, 321 325, 641, 856 130, 986, 592
194, 655; 264
22'9, 051, 535
96, 670, 798 326, 456, 697 130, 210, 717
196, 245, 980
231, 785, 899
94, 795,197 326, 700, 939 128, 826, 517
197, 874, 422
233, 905, 742
94,612,786
328, 203, 901 136, 614, 789
191, 589,112
236, 591.115
85, 241, 865 321,297, 377 i29, 044, 662
237, 055, 512
192, 252, 715
65, 586, 684 303, 504, 319 116,792,759
238, 917, 635
186, 711, 560
239, 741, 837
62, 017, 736 300, 759,573 118, 541,409
182, 218,164
241, 996, 043
304,048,189
64,052,146
123, 393, 519
180, 654, 670
243, 537.116
64, 334, 656 305, 871, 772 116, 675, 349
189,196,423
246, 955, 379
64, 554, 236 308, 509, 615 120,937, 229
187,572,386
246, 337, 464
123,483,119
64, 642, 327 310,-979,791
187, 496, 672
249, 401,951
313,818,941
122, 985, 889
67, 416, 990
190,833,052
252, 963,167
177, 386, 285
66, 080, 287 316, 043,454 138,657,169
253, 460, 026
187, 988, 948
66,133, 726 318, 593, 752 130, 604, 804
253, 782, 305
66,443, 489 320, 225, 794 134,938,079
185, 287,715
253, 612,783
134, 642, 839
67, 265, 628 320, 878,411
186, 235, 572
255, 784, 358
67, 548, 895 321, 333, 253 130, 788, 399
190, 544, 854
254, 615, 950
190, 232, 405
65, 996, 474 321,612,424
131, 380, 019
252, 397, 959
184, 092, 074
62,138, 864 316, 536, 823 132,444,749
246, 748, 502
185,837, 581
57,471, 618 310, 220,120 124, 382, 539
233, 179,012
59, 907, 459 306, 086, 471
158,104,739
147, 981, 732
230, 634, 208
60,855,395
294, 489, 603
138,173,979
156, 315, 624
226, 113. 362
131, 316, 499
162,439, 381
63, 642, 518 293,755, 880
229, 220, 604
144, 047, 279
66, 799, 610 293,020, 214
148, 972, 935
233, 942, 686
155, 839, 449
141, 728, 097
67, 624, 860 297, 567, 546
232, 469, 299
147,119,129
149,712,824
63, 362, 654 296, 831, 953
220, 749,803
144, 317, 069
148,118,150
59, 685, 416 292, 435, 219
193, 773, 624
138,890,799
141,742, 241
59, 859, 416 280,633, 040
176, 929, 831 • 61,401,672 255,331,503 • 122,124,339
133,207,164
174, 450,378
117, 667, 723
62, 067, 744 238, 518,122
120,850,399
175, 091, 456
121,113, 024
62, 736, 957 236,828,413
115, 715, 389
482, 231
132, 471,409
65,262, 257 240,744, 488
108,273,079
46
No.
REPORT ON T H E
FINANCES.
2 2 . — G O L D C O I N AND BULLION I N T H E TREASURY AT T H E END OF EACH M O N T H ,
FROM J U N E , 1878—ContinuedMonth.
1891—September
October...
Noveraber.
December .
1892—January . .
February .
March
April
May
June
July
August ...
Septeraber
October . . .
Noveraber.
December.
1893—January ..
February .
March
April
May
June
July
August ...
September
October...
Novem ber.
December.
1894—January...
February..
March
April
May..
June
July
August ...
September
October . . .
November.
December.
1895—January...
February..
March
April
May...
June
July
August
September
October . . .
Noveinber.
Deceraber .
1896—Jauuary...
February..
Marcb
April
May
June
July
August ...
Septeraber.
October . . .
November.
December.
1897—January...
Februa'ry..
March
April
May
June
July
August ...
September.
October . . .
November.
December.
1898—January...
Februairy..
March
April
Coin.
$178,
189,
193,
196,
198,
198,
198,
193,
193,
180,
170,
166,
164,
166,
167,
156,
147,
137,
138,
121,
115,
110,
103,
78,
72,
66,
70,
73,
65,
107,
116,
116,
100,
86,
73,
76,
79,
81,
118,
91,
51,
94,
83,
83,
84,
140,
142,
135,
118,
111,
119,
106.
121,
107,
117,
120,
130,
139,
151,
157,
155,
152,
149,
150,
154,
153!
151,
15L
151,
151,
147,
133 518, 601
BuUlc.
I
Total.
i, 343, 775 $244 974,
74.:, 158, 836
263 774,
78, , 430, 504
271 843,
82,:, 212, 689 278 846,
84,:, 299, 689
282 753,
83:;, 275, 529
282 123,
8L, 194, 377
280 144,
79,•, 712,183
273 623,
77,, 953, 512
271 527,
74,:, 836, 385 255 577,
76,1, 623, 598 247 306,
75,I, 960,115
242 543,
76,1, 055, 422 240 605,
78,;, 126, 222 244 261,
79, , 983, 208
247 598,
81 ,697,350
238 359,
,452,478
81
228 827,
79,I, 835, 048
217 672,
1,503,760
79,
218 378,
t, 529, 774 202 283,
8o;
1,871,868
196 518,
80,t, 345, 510
188 455,
78,i, 450, 336
83,;, 373, 505 186 813,
176 423,
98,,026, 648
173 209,
101,s 657,273
96,I, 910, 622 163 274
161 122
90,:, 679, 495
84;•, 175, 275 158 303,
142 665,
77,1,432, 992
177 462
70,I, 232, 616
176 456,
60,;, 716,468
170 192,
53,!, 067, 706
148 067,
48, ,612,311
131 217,
44,', 050, 824
120 922,
47,:, 941, 337
43,:, 063, 417
120 885,
44',,197,435
123 605,
44,1, 305, 066 125 613,
46,', 727, 334
164 350,
47,i, 010, 546
139 606
46,:, 527, 722
97 353,
44,., 387,979
138 593
51., 044, 014
139 486,
50,, 425, 367
139 998
531,746,018
147 690
56,', 651, 509
155 893
60,', 208, 542
155 354,
60,, 340, 757
149 410,
57:, 409, 512
143 557,
54,', 590, 866
143 360
45,\ 820,315
129 567,
29,,467,938
113 198
15 ,821,484
99 693
26,,054, 663
167 695,
29, ,851,621
171 885
32,:, 662, 860
168 446
32,:, 217,024
151 307
32,\ 640, 941
144 020
30,, 264, 086
150 012
33\ 998, 574
139 825
40, , 617, 328
162 771
47 , 969, 827
155 323
51,565,385
169 527
54,, 286, 759
175 203
52,:, 849, 625
182 387
46, ,254,294
186 206
37,I, 786, .057
32,I, 539, 659 189 242
190 762
26,s 547, 082
25,:, 929, 752 181 707
178 076
28,, 230, 355
31I, 223, 294 178 044
181 234
i, 969, 525
3o:
184 561
36,!, 123, 368 190 387
s 559,060
42,
194 089
45,\ 465, 077
197 469,
49,!, 454, 816 200 731
52, , 647, 258
204 063
,671,535
63:
210 903
83:
217 190
I Hejd a g a i n s t
$112, 451,
136, 100,
142, 649,
148, 106,
163, 178
160 001,
154 329
153 713
157 295
141, 235
136, 861
128, 387
121, 210
120 255,
123, 188,
117, 093,
120, 645,
114, 388,
Ul,486,
105, 272
101, 469,
92, 970,
87, 611
80 414,
79 627,
78 889
78, 163
77, 412
77, 015
70 935
70, 306,
69, 990,
69, 374
66, 344,
05, 947,
65 668
64 790
64 252
58 925
53 861
52 647
51 507
48 843
48, 751
48 539
48 381
48 117
49 081
50 645
50 417
50 233,
49 936
49 847
43 733
43 239
43 052
42 961
42 320
39 293
38 807
38 736
38 197
38 016
37 887,
37 586
37 544
37, 456
37 421
37 387
37 285
37 226
37 017
36 898
36 814
36 725
36 557
36 494
36 440
36 319
35 951
Net.
$132 523,
127 674,
129 193,
130 740,
119 574,
122 122,
125 815,
119 909,
114 231,
114 342,
110 444,
114 156,
119 395,
124 006,
124 409,
121 266,
108 181,
103 284,
106 892,
97 Oil,
95 048,
95 485,
99 202,
96 009,
93 582,
84 384,
82 959,
80 891,
65 650,
106 527,
106 149,100 202,
78 693,
64 873,
54 975,
55 216,
58 875,
61 361,
105 424,
86 244,
44 705,
87 085,
90 643,
91 247,
99 151,
107 512,
107 236,
IOO 329,
92 911,
92 943,
79 333,
63 262,
49 845,
123 962,
128 646,
125 393,
108 345,
101 699,
110 718,
100 957,
124 034,
117 126,
131 510,
137 316,
144 800,
148 .661,
151 786,
153 340,
144 319,
140 790,
140 817,
144 216,
147 663,
153 573,
157 363,
160 911,
164 236,
167 623,
174 584,
181 238,
.47
TEEASUREE.
JVo. 2 2 . — G O L D C O I N AND BULLION I N T H E T R E A S U R Y AT T H E E N D O F EACH M O N T H ,
FROM J U N E , 1878—Continued.
Coin.
1898—May
June
July
August—
September
October . . .
Noveinber.
Deceraber .
1899—January...
February .
March.-.".
April
May
June
July
August . . .
Septeraber
October . . .
Noveraber.
December.
1900—January...
February .
March
April
May
June
July
August . . .
September
N o . 2 S . - -SiLA^ER
Month.
$110,
104,
125,
.148,
162,
141,
138,
139,
127,
130,
156,
158,
139,
153,
152,
189,
221,
240,
248,
253,
262,
281,
294,
302,
305,
308,
307,
312,
314,
702, 400
775, 284
843,472
201.497
391, 874
800.498
441,547
654,545
505, 746
706,410
745, 506
155, 309
459, 075
522, 596
189, 537
986, 760
271,988
800, 255
843, 301
555, 094
249, 724
859, 663
373, 598
070, 279
941,131
734, 471
427, 400
231, 333
467, 816
Bullion.
Total.
Held against
certificates.
$96, 998, 864 $207,701, 264 $35, 883, 209
35, 820, 639
98, 049, 765 202, 825, 049
35, 693, 679
99, 294, 921 225,138, 393
105,175, 997 253, 377, 494
35, 473,009
116 299, 578 278, 691, 452
35, 393, 909
35, 338, 909
133, 423, 574 275, 224, 072
35, 280, 649
138, 502. 545 276, 944, 092
35, 200, 259
142, 074, 889 281, 729, 434
33, 039, 939
134,186, 534 261, 692, 280
32, 966, 839
127, 385, 067 264, 091, 477
278, 306, 355
32, 892, 649
121,560,849
32, 845, 029
120, 829. 945 278, 985, 254
261, 201,428
32, 780,189
121,742,353
32, 656, 269
119, 870, 884 273, 393, 480
277, 848, 323
32, 593, 789
125, 658, 786
68, 688, 989
127, 460, 201 317, 446, 961
353, 002, 380
98, 673, 559
131,730,392
139, 017, 060 379, 817, 315 127, 593, 519
390, 653,107 150, 908. 202
141,809,806
144, 476, 933 398, 032, 027 161,122, 797
403, 496, 505 184, 882, 889
141, 246, 781
131, 632, 010 413,491,673
181, 266,337
127, 627, 317 422, 000, 915 173, 642, 851
124, 919, 092 426, 989, 371 •197, 527, 409
116, 965, 713 422, 906, 844 204, 049, 299
112, 378,183 421,112,654
200,555,469
123,743, 385 431,170, 785 207, 603, 409
116,421, 005 428,652, 338 210, 388, 369
124, 773, 695 439, 241, 511 209,110, 349
Net.
$171, 818, 055
167, 004, 410
189,444,714
217, 904, 485
243, 297, 543
239, 885,163
241, 603, 443
246, 529,175
228, 652, 341
231,124,638
245,413,706
246,140, 225
ii28,415, 239
240, 737, 211
245, 254, 534
248, 757, 972
254, 328, 821
252, 223, 796
239,744, 905
236, 909, 230
218, 613, 616
232, 225, 336
248, 358, 064
229,461,962
218, 857, 545
220, 557,185
223,567,376
218, 263, 969
230, .131,162
COIN AND BULLION I N T H E TREASURY AT T H E E N D O F EACH
M O N T H , FROM J U N E , 1878.,
Standard
dollars.
$7, 718, 357
1878 June
9, 550, 236
July
11, 292, 849
August
12,155, 205
September...
13,397,571
October
14, 843, 219
November . . .
16, 704, 829
Deceraber . . .
17, 874, 457
1879—January
19, 505, 767
February
21, 558, 894
March
23, 694, 563
April
26,181,045
May .
28,147, 351
June
29,151, 801
• July
30,678,464
August
September . . .
31,559,870
October
32, 322, 634
Noveraber . . .
32, 839, 207
December
33,168, 064
1880—January
34, 961, 611
February
36, 972, 093
March
38,780, 342
April
40,411, 673
42, 778,190
Mav
44,425, 315
June
46,192, 791
July
47,495, 063
August
Septeraber...
47,654,675
October
• 47,084, 459
November-..
47, 397, 453
December
48,190, 518
50, 235,102
1881—Januarv
February
.52, 939, 460
March
55,176,158
April
58, 044, 826
60, 518, 273
Mav
62, 544, 722
J une
64, 246,302
fTuly.-.
.-
Bullion.
$7, 341,471
7, 665, 760
8, 982, 239
9, 634, 034
8, 352, 042
10,159, 491
9,439,461
10,347,890
9, 837, 403
8, 688, 261
6, 949, 046
5, 672, 656
5, 092, 566
5,112, 224
4,904,612
4, 557, 504
3, 537, 224
4, 323, 098
4, 492, 421
4,888,036
4,525,306
4, 086, 840
5,007,331
4, 853, 588
5,124, 536
6, 081, 648
6, 380, 258
5,557,760
6, 043, 367
6, 255, 390
6,183.224
6,704,197
5, 356, 308
4,017,770
3, 863, 583
3, 457,193
3, 309, 949
2, 962, 278
Fractional
coin.
$6,860,506
7, 079, 667
6, 478, 642
6,143,903
6. 323, 132
6. 009. 834
6,031,805
6,143, 449
6, 278, 491
6,428,185
6, 621, 940
6,813.589
8, 903, 401
12,731,766.
15, 236, 724
16, 814, 309
17, 755, 987
18, 432, 478
18, 881, 629
20, 204, 810
21,179, 312
21,989,814
22, 767, 673
23, 577, 092
24, 350, 482
24, 975, 714
25,152, 972
24,799,925
24,629,490
24, 653, 530
24, 769, 057
25,490,915
25,813, 058
26, 283, 892
26, 493, 613
26, 841, 957
27, 247, 697
27, 295, 487
Total.
$21, 920. 334
24, 295, 663
26,753,730
27, 933,142
28, 072, 745
31,012,544
32,176,095
34, 365, 796
35, 621, 661
36, 675, 340
37,265,549
38, 667, 290
42,143, 318
46, 995, 791
50, 819, 800
52, 931, 683
53, 615, 845
55, 594, 783
56, 542,114
60, 054, 457
62, 676, 711
64, 856, 996
68,186, 677
71, 208, 870
73, 900, 333
77,250,153
79, 028, 293
78, 012, 360
77, 757, 316
78, 306, 373
79,142, 799
82, 430, 2.14
84,108, 826
85, 477, 820
88, 402, 022
90, 817, 423
93,102, 368
94, 504, 067
Dollars and
b u l l i o n held
a g a i n s t certificates a n d
notes.
$7,080
959, 690
1, 709, 280
711,600
68, 790
366, 060
413, 360
400, 340
331,860
251,700
197, 680
444,140
414,480
771,1.70
1, 304, 890
1,176,720
1, 604, 371
1, 894, 722
3, 824, 252
3, 989, 454
4, 572, 606
6, 017, 006
6, 615, 366
6,051, 539
5, 789, 569
6, 930, 959
7, 619, 219
12, 203,191
19,780, 241
26, 504, 986
36,127, 711
36, 814, 637
37, 027, 797
39,445,815
39,157, 932
38, 784, 540
39,110, 729
40,802,892
Net.
$21, 913, 254
23, 335, 973
25, 044,450
27, 221, 542
28, 003, 955
30, 646,484
31, 762, 735
33, 965, 456
35, 289, 801
36, 423, 640
37, 067, 869
38,223,150
41, 728, 838
46, 224, 621
49, 514, 910
51, 754, 963
52,011,474
53, 700, 061
52, 717, 862
56, 065, 003
58,104,105
58, 839, 990
61,571,311
65,157, 331
68,110, 764
70,319 194
71,409, 074
65, 809,169
57, 977, 075
51,801,387
43, 015, 088
45, 615, 577
47, 081, 029
46, 032, 005
49, 244, 090
52, 032, 883
53,991,639
53, 701,175
48
REPORT ON T H E F I N A N C E S .
N o . 2 3 . - -SiLVER
C O I N AND B U L L I O N I N T H E T R E A S U R Y AT T H E E N D O F EACH
MONTH, FROM J U N E , 1878—Continued.
Month.
1881—August
September...
October
November...
Deceraber
1882—January
February
March
April
Mav
.
June
July
^
August
September...
October
Noveraber . . .
Deceraber
1883—January
February
March...
April
May
June
July
August
Septeraber...
October
November . , .
December
1884—January
February
March
April
May
June .
July
'.'.
August
September. .
October
November . . .
December —
1885 — J a n u a r y
February
March
April
May
J'une
July
August
September...
October
November ...
Deceraber
1886—January
February...
March
April
Mav
J une
July
August
September...
October
November . . .
December
1887—January
February
March
April
Mav
June
July
August
September...
October
Noveraber . . .
December. -..
Standard
dollars.
$65, 948, 344
66, 092, 667
66, 576, 378
68,017,452
69, 589, 937
72,421, 584
75,138, 957
78,178, 583
81, 595, 056
84, 606, 043
87,153,816
88, 840, 899
91,166, 249
92, 228, 649
92, 414, 977
92, 940, 582
94, 016, 842
97,530,969
100, 261, 444
103,482, 305
106, 366, 348
108,898,977
111, 914,019
113, 057, 052
114, 320,197
114 587, 372
116,036, 450
117,768, 906
119, 449, 385
123, 474, 748
126, 822, 399
129, 006,101
130, 314,065
132, 626, 753
135, 560, 916
137, 692,119
140, 615, 722
142, 058, 787
142, 926, 725
144, 745, 075
146, 502, 865
150, 632,154
153, 561, 007
156, 698, 482
159,441, 034
162, 244, 855
165, 413,112
166, 499, 948
166, 854, 215
165,483,721
163, 817, 342
165,568,018
165, 718, 190
169, 083, 385
171,805,906
174,700, 985
175, 928, 502
178, 252, 045
181,253, 566
181, 523, 924
181, 769,457
181, 262; 593
182, 931, 231
184, 911, 938
188, 506,238
193, 963,783
198,112, 760
201, 072, 372
205, 788, 822
209, 052,567
211,483, 970
211, 528, 891
213, 212, 448
213,043,796
214,175, 532
215,882,443
218,917,539 1
Bullion.
Fractional
coin.
$2, 732,863
2, 632,185
3,424,575
3, 088, 710
3, 607, 830
3, 258, 926
2, 806,143
4, 440, 662
3, 239,033
3 793 664
3,230, 908
2,816, 270
2,730,716
3,343,565
4,012,503
3, 769, 220
4, 468,193
3,761,958
3, 974,114
3, 943, 467
3, 478, 750
4,157, 218
4, 482, 216
4, 486, 638
4, 694, 559
5,107,911
4,936, 365
4, 624, 279
4, 534, 373
4, 674, 433
4,919,913
5,043, 825
5,150, 8434, 623,158
4, 055,498
4, 603, 610
4, 723, 420
4, 934, 405
4, 646,497
. 4,778, 849
4, 716, 055
4, 613, 582
3, 991,130
3, 887,494
4,042,187
4, 098,144
4,038,886
3, 944, 837
3,766,196
3,916,123
3, 840, 536
3, 583, 956
3, 797, 041
3, 658, 783
2, 612, 968
2,271,104
2, 556, 522
1, 947, 762
•3, 092,198
3, 786, 070
3, 268, 940
3, 758, 394
3, 807, 949
4, 091, 383
4, 739, 377
4, 877,039
4,700,183
8, 639,452
10,134, 361
9, 869, 629
10, 917, 435
12, 278, 674
12,177,624
12, 005, 909
11, 683, 032
10,831,655
9, 961, 866
$27,042,807
26, 313,114
25, 984, 688
25,918,252
25, 963, 641
26, 567, 873
26, 869. 906
27 187,681
27,439,184
27,755 923
28, 048, 631
28,153,956
27, 990, 388
27,426,140
26,749, 432
26, 544,544
26, 521, 692
27,135, 245
27,507,276
27,865,S94
28, 068, 629
28,303,196
28, 486, 001
28, 058,142
27, 819, 712
26, 750,161
26, 712, 424
26, 969, 614
27, 224,126
28, 014, 415
28, 490, 907
28, 866, 556
29,158, 480
29, 377, 206
29, 600,720
29, 797,486
29, 659, 003
29,474,161
29, 346, 757
29,143, 283
29,194, 356
29, 901,105
30, 244, 836
30,632,326
30, 944, 049
31, 694, 365
31, 236, 899
25, 355, 020
24, 724, 287
23, 641, 894
22, 965, 536
27,920, 309
27, 796, 431
29,013,994
28, 811, 038
28, 822, 638
28, 864, 483
28,912,277
28, 904, 682
28, 584,625
27,956,992
26, 899, 745
26, 300, 336
25,808,067
25, 660, 935
26, 323, 525
26,482,472
26, 601, 614
26, 891, 077
27, 064, 743
26, 977, 494
26, 691,106
26,148, 531
24, 984, 219
24,468,135
21,158, 004
24, 327, 529
.
Total.
Dollars and
bullion held
a g a i n s t certificates a n d
notes.
Net.
$95,724, 014
95,037, 966
95, 985, 641
97, 024,414
99,161, 408
102, 248, 383
104, 815, 006
109, 806, 926
112, 273, 273
116,155, 630
118,433, 355
119,811 125
121,887,353
122, 998, 354
123,176, 912
123, 254, 346
125, 006, 727
128,428,172
131, 742, 834
135, 291, 766
137, 913, 727
141,359,391
144, 882, 236
145, 601, 832
146, 834, 468
146,445,444
147, 685, 239
149, 362, 859
151, 207, 884
156,163, 596
160, 233, 21.9
162, 916, 482
164,623,388
166, 627,117
169, 217,134
172, 093, 215
174, 998,145
.176, 467, 353
176,919,979
178, 667, 207
180,413, 276
185,146, 841
187,796, 973
191, 218, 302
194, 427, 270
198, 037, 364
200, 688. 897
195, 799, 805
195, 344, 698
193, 041, 738
190, 623, 414
197, 072, 283
197, 311, 662
201,756,162
203, 229, 912
205, 794, 727
207, 349, 507
209,112,084
213, 250, 446
2i3, 894, 619
212, 995, 389
211, 920, 732
213, 039, 516
214,811,388
218, 906, 550
225,164, 347
229, 295, 415
236, 913,438
242,814, 260
245, 986, 939
249, 378, 899
250, 498, 671
251, 538, 603
250, 033, 924
250, 326, 699
250, 872,102
253, 206, 934
$46,061.878
52, 590,180
58, 838, 770
59,573, 950
62, 315, 320
61, 537, 540
60,125, OIO
59,423, 440
58,908, 570
57, 227, 060
54, 506, 090
54,757, 720
57, 739, 880
63, 204, 780
65, 620,450
67, 342,690
68, 443, 660
68, 438, 820
68, 027, 420
70,759, 991
71,884,071
71, 727, 391
72, 620, 686
73, 728, 681
75, 375,161
78, 921, 961
85, 334, 381
87,976, 201.
96,717,721
96, 958, 031
96, 247, 721
95, 919, 576
95, 497,981
97, 363, 471
96,427, Oil
95,138, 361
94, 228, 691
96, 491, 251
100, 741, o61
104,988,531
114, 865, 911
113, 858, 811
111, 467,951
112,500, 226
109,443, 946
105, 085,186
101, 530, 946
98, 872,106
96, 079, 296
93, 656, 716
93,146, 772
92,702, 642
93,179, 465
89, 761, 609
88, 390, 816
90,122, 421
90,733,141
89,184,129
88,116, 225
87, 564, 044
89, 021, 760
95, 387,112
100, 306, 800
105, 519, 817
117, 246, 670
118, 315, 714
121,130,755
131, 930, 489
137,740, 430
139,143, 328
142,118, 017
144,166,141
147, 876, 385
154, 354, 826
160,713, 957
168,149, 274
176,855,423
$49, 662,136
42, 447, 786
37,146,871
37,450,464
36, 846, 088
40, 710, 843
44, 689, 996
50, 383, 486
53, 364, 703
58, 928, 570
63, 927^ 265
65, 053, 405
64,147, 473
59, 793, 574
57, 556, 462
55, 911, 656
56, 563, 007
59, 989, 352
63, 715, 414
64, 531, 775
66, 029, 656
69, 632, 000
72, 261, 550
71, 873,151
71, 459, 307
67, 523,483
62, 350, 858
61, 386, 658
54, 490,163
59, 205. 565
63, 985; 498
66, 996, 906
69,125, 407
69, 263, 646
72,790,123
76, 954, 854
80, 769,454
79, 976,102
76,178, 418
73, 678, 676
65, 547,365
71, 288, 030
76, 329, 022
78,718,076
84,983, 324
92, 952,178
99,157, 951
96, 927, 699
99, 265, 402
99, 385, 022
97,476, 642
104, 369, 641
104,132,197
111,994,553
114,839, 096
115, 672, 306
116, 616, 366
119, 927, 955
125,1.34, 221
126, 330, 575
123, 973, 629
116, 533, 620
112, 732,716
109, 291, 571
101, 659, 880
106, 848, 633
108,164, 660
104, 982, 949
105,073,830
106, 843, 611
107, 260, 882
106, 332, 530
103, 662, 218
95, 679, 098
89,612,742
82,722,828
76,351, 511
•
49
TEEASUEEE.
No.
2 3 . — S I L V E R C O I N AND BULLION I N T H E TREASURY AT T H E END OF. EACH
M O N T H , FROM J U N E , 1878—Continued.
Month.
Standard
dollars.
1888—January
^223 918,
February
227,947,
March
232 037,
April
236 156,
May...
240 587,
June
243 879,
245 798,
July
247,859,
August
Septeraber... 24«,791,
249,979,
-October
Noveraber . . . 251,975,
December . . . 254,406,
1889—January
259,811,
February
263,514,
March
267, 286,
271,326,
AprU
May
275 484,
279,084,
June...
July
280 382,
August
282 583,
September... 282 983,
October
283 539,
November . . . 286 101,
December
288 535,
1890—January
293, 229,
February
297 575.
March
302 036,
306,429,
April
309,988,
May
June
313 259,
July
314 744,
August
316 071,
September... 315 495,
October
315 278,
November... 317 183,
December
320,433,
1891—January
326 747,
February
331,040,
March
334,684,
April
338,588,
June
July
August
September...
October..
November . . .
December
1892—J anuary
February
March
April
June
July
August
September..
October
November...
Deceraber . .
1893—January
Februa'ry...
March
April
May
June
July
August
September..
October
Noveraber . .
Deceraber . .
1894—January
February . . .
March
April
May
FI 1900-
343, 004,
347,976,
348,471,
349, 256,
348, 341,
347, 339,
348,191,
349,217,
351,653,
352,920,
354,063,
355,500,
356,468,
357, 189,
357,384,
357,343,
356,173,
354,740,
354,536.
355, 054,
357,410,
358,474,
359,490,
360, 359,
361,278,
362, 302,
363, 108,
357,677,
360 499,
360 606,
360 906,
361 463,
363 597,
364 758,
365 807,
366 677,
367 380,
Bullion.
I, 219,546
\ 305,153
\ 024, 976
< 937, 442
,
', 357, 041
,619,754
., 066, 054
, 973, 204
I, 645, 833
, 559,114
,734, 583
I, 865, 237
', 606, 677
, 762, 958
I, 801, 669
I, 755, 082
, 291, 861
, 603, 692
,860,283
,343,140
, 286,828
I, 918,171
', 322, 870
I, 729, 078
,557,760
, 156, 952
, 709, 439
\ 432, 627
,955, 254
, 649,450
,658,805
:, 832, 692
,485, 014
;, 995, 315
i, 796, 046
I, 299, 954
, 277, 979
, 671, 532
, 870, 383
', 600, 434
I, 172, 111
, 729, 052
i, 583,124
, 146, 730
1, 973,513
', 580, 682
1,316,836
;, 969, 468
', 940, 646
, 401, 457
, 720, 466
,912, 657
,, 501, 576
, 669,151
I, 479,594
:, 483, 551
, 000, 554
I, 372,154
, 999, 927
92, 743,988
1,
I,
96, 282, 961
I,
99, 973, 771
102,, 709,122
106,,315,196
110 , 289,140
114,, 173, 820
118,, 277,735
i,
119, 200,760
:,
122, 242, 787
1,
124, 261,553
•,
126, 262, 267
•,
127, 207, 874
127,, 21.5,171
127,, 216, 957
',
127, 220, 207
127,, 228, 437
127', 231, 643
127,
Fractional
coin.
Total.
$259,157,
263, 608,
267,628,
271,844
275, 823
280,550,
282, 899,
284, 579,
284,176,
284, 627,
286, 511
288, 927:
294, 867:
298, 992,
303, 008,
307, 057,
310, 901,
314, 818:
317, 255,
318, 693,
318,135,
317,195,
318,557,
321,192,
327, 293,
331,491
335, 560,
338, 851,
341, 845,
346,714,
348, 737,
350, 762,
350,544
351, 825,
355, 046,
359,721
367, 998,
374, 064,
381, 040,
386,757,
392, 240,
399, 361,
404,422,
407, 844,
409,161
410,116,
412, 898,
416, 976,
424, 088,
429,109,
434, 531,
439, 013,
443.429,
448, 083,
452, 017;
454, 403,
454,725,
455, 612,
458,496,
462, 369,
468, 040,
472, 420,
477, 364,
481, 788,
486, 962,
492, 332,
494, 942,
492, 579,
498, 239,
499, 535,
499, 587,
500,310,
506, 745,
508, 570,
510,101
511, 408,
512,194
Dollars and
bullion held
against certificates and
notes.
^179 321,
184 452,
191 526,
194 426,
196 645,
200 387,
203 680,
209 658,
218 561,
229 783,
237 415,
246 219,
245 337,
246 628,
251 263,
254 939,
255 537,
257 102,
259 557,
268 580,
276 619,
277 319,
276 794,
282 949,
281 331,
284 176,
290 605,
292 923,
294 656,
297 210,
298 748,
307 080,
317 390,
322 155,
327 835,
332 379,
332 648,
336 972,
346 725,
354 664,
356 218,
357 592,
362 285,
377 274,
386 267,
389 867,
393 833,
398 144,
401 691,
410 377,
415 285,
420 518,
424 682,
428 592,
432 902,
437 671,
439 334,
441 163,
444 261,
446 780,
451 139,
453 146,
458 449,
460 777,
465 305,
473 679,
478 474,
476 088,
476 274,
478 452,
481 875,
482 705,
483 232,
484 120,
482 347,
483 119,
482 639,
Net.
$79,836, 846
79,155, 419
76,102, 085
77,417, 132
79,178: 478
80,163: 606
79, 218; 602
74, 920, 399
65, 614, 462
54, 844, 171
49, 095, 975
42, 707, 565
49, 530, 165
52, 363, 612
51, 745, 170
52,118, 189
55, 363, 569
57, 715, 663
57, 698, 430
50,112, 833
41,515, 504
39, 875, 648
41, 763, 278
38, 243, 433
45, 961 857
47, 314; 841
44, 955, 052
45, 928, 042
47,189, 821
49, 504, 543
49, 988, 781
43, 682, 333
33,154 328
450
29, 670, 815
27,210, 663
27, 341 160
35, 350, 690
37, 091 059
34, 315, 709
32, 092, 716
36, 021, 409
41, 769, 506
42,137 667
30, 569, 709
22, 893, 056
20, 249, 079
19, 065, 672
18,831 291
22, 397, 111
18, 732, 653
19, 245, 401
18, 495, 357
18,747, 242
19, 490, 537
19,114 391
16, 731 622
15, 391 348
14, 448; 593
14, 234, 884
15, 588, 932
16, 900, 557
19, 273, 291
18,915: 187
21, Oil 100
21, 657: 079
18, 653, 207
16, 468, 115
16,491, 911
21, 964, 060
21, 083: 977
17, 711 728
17, 604, 859
23, 512, 645
24, 449, 628
27,753, 413
28, 289, 253
29,555,
50
No.
REPORT ON T H E F I N A N C E S .
2 3 . — S I L V E R C O I N AND BULLION I N T H E TREASURY AT T H E E N D O F E A C H
MONTH, FROM J U N E , 1878—Continued.
Month.
1894—June
July
August... September . .
October... .
Noveraber . .
Deceraber...
1895—January
February . . .
March
April
May . . . J.. .
June
July
August... .
Septeraber .
October
Noveraber . .
Deceraber. .
1896—January . . .
February . . .
March
April
May
June
July
August
Septeraber .
October
November .
Deceraber
1897—January
February
March
April
May . -.
June
July
August
Septeraber . .
October
November . . .
December. . .
1898—January
February
March
April
May
Juiie
July
August......
Septeraber . .
October
November . .
December
1899—January
Februa'ry
March
April
May
• June
July
August
September...
October
November . .
December. . .
1900—January
February . . .
March
April
May
June
July August
September...
Standard
dollara.
Bullion.
141, 831 $127, 267, 347
368, 796, 668 127,113, 7.53
126,454,771
368 991,724
126,104, 475
366, 900,165
125,261,863
365, 332,738
125, 351, 523
364, 726, 543
125, 014,161
364, 537,659
124, 852, 679
366, 753,119
368, 177, 389 124, 551, 374
124, 673,187
369; 009,182
124, 583, 685
369, 713,330
124, 528, 559
370, 464,049
124, 479, 849
371 306. 057
124, 670, 701
371, 542,513
124, 687, 226
370, 704, 376
124, 652, 406
368, 142,782
124,721,501
364, 935, 217
124, 603, 759
364, 528, 596
124, 612, 532
364, 083,702
124, 575,129
366, 659,953
369, 273, 688 123,171,286
122,187, 206
371 497,164
120, 939, 560
374, 187,554
119,989,914
376. 572, 499
119,053,695
378, 614, 043
118, 753,758
379, 852, 244
116, 681, 740
381 056,160
114,829,399
380, 688, 963
113, 064,557
381 361,339
112,137,954
382, 972,296
110,815,247
384, 584, 572
109, 704, 519
388, 617,255
108,914,614
390, 939,629
107, 862, 462
393, 211,322
106, 990,150
395 342,193
106, 042,492
397; 511,546
399, 992,540
400, 338, 020 104. 591, 039
105; 109, 460
398 908, 078
105,125,123
394 948,022
105, 078, 5.50
392 517,014
392, 933, 031 104,853,852
103,531, 722
394, 327, 049
102, 284, 736
397, 589, 829
101, 379,158
399, 079,443
100, 819, 300
400, 637, 825
99,829,432
401, 323, 414
99, 551, 902
403 583, 999
98, 443, 952
404, 736, 731
98,195, 494
405, 013,186
97,871,697
406, 266, 209
90,141,237
404, 045, 769
96, 066, 097
403 399, 34*2
94, 675, 773
404, 258. 264
93, 359, 250
405, 061, 304
92,192,207
408. 351, 769
91, 228, 953
410, 157,482
90,189,188
410, 656, 670
88, 825, 937
412, 803,833
87,916,328
415, 606, 941
85,909,876
416, 809,480
85, 288, 249
417, 263, 958
84, 933, 898
416, 364, 905
84, 564, 627
413, 367,133
83,783.745
411, 760,636
82.359,030
411; 792,153
81,74.9,335
413, 322, 656
80, 885, 683
417, 404,684
79, 721, 632
418, 092,709
78,370, 617
422, 234,131
74, 974, 311
425, 921,246
72, 838, 333
428, 165, .552
71, 253, 621
430, 341,739
70,015,735
431 641, 874
69, 425, 982
430, 975,719
68, 076, 004
430, 125, 050
65, 054, 052
Fractional
coin.
$17, 889,
17,970,
17,720,
16,809,
15.424,
14,724,
14,483,
15,481,
16,131,
16,577,
16,516,
16,589,
16,552,
16,532,
16,055,
14,882,
13,426,
13,032,
12,764,
14,186,
14,820,
15,246,
15 459,
15 637,
15,730,
16,004,
15,909,
15 126,
14,632,
14 .570,
14 215,
15 41.4,
1.5,805,
15 974,
16,163,
16 210,
16,210,
16 286,
15 335,
13,455,
11 981,
11 191,
10,679,
11 707,
1 960,
1
11 965,
12 018,
12 044,
12 097,
11 995,
10 993,
9 196,
7 854,
6 673,
5 959,
6 931,
7 185,
6 894,
6 926,
6 593,
6 070.
5 381,
4 130,
2 477,
2 379,
3 187,
2 992,
4 917,
5 308,
5 373,
5 512,
6 013,
6 606,
7 235.
7 705,
6 568,
Total.
Dollara a n d
bullion held
against certificatea a n d
notes.
Net.
$513,, 298, 709 $479, 678, 798 $33, 619,911
;
513 ,880, 682 476, 938, 864 36, 941, 818
513,
,167,330
477, 369, 346 35, 797, 984
509,, 814, 353 482,129, 986 27, 684, 367
I
506,
1,018, 714 482, 283, 869 23, 734, 845
504,, 802,458 483,296,154 21,506,304
:
504,
,035, 456 481, 901, 515 22,133, 941
507 ,087,384
477, 218, 813 29, 868, 571
508, 859, 908 476, 521, 572 32, 338, 336
,
510, 259, 880 474, 076, 845 36,183, 035
\
510,, 813, 574 472, 799, 742 38,013,832
'
511, 582, 651 469,597,451 41, 985, 200
,
512, 338, 751 465, 820,152 46,518, 599
;
512,, 746.150 465, 845, 398 46,900,752
:
511,447, 345 468, 267, 541 43,179, 804
507,
,677, 525
474,101,117 33,576,408 .
503,
,083,139
474, 548, 516 28,534, 623
502,
1,164,742
475,439,173 26,725, 569
501,
,460,555
473, 847,928 27, 612, 627
505, 421, 819 468, 938, 619 36, 483, 200
S
507: 265, 460 469. 265, 223 38, 000, 237
,
508, 930,744 473,113, 706 35, 817, 038
I
,
510, 586,117 471,903,693 38, 682, 424
I
,
512,
1,199, 837 467, 698. 360 44, 501, 477
513,, 398, 714 460, 942, 789 52, 455, 925
:
514,
,610,147
459, 999, 951 54, 610,196
.513,647,701
472,481,174 41,166, 527
510, 644, 845 479,435,754 31, 209, 091
I
,
509, 058, 742 481, 006, 402 28,052,340
,
509,
1,680,450
477, 989, 401 31,691,049
509,, 615, 585 476, 472, 080 33,143,505
I
513:
1,736,349
479,734, 813 34, 001, 536
515, 659, 266 481, 259, 781 34, 399, 485
,
517,, 048, 212 481,157,433 35,890, 779
518: 496,110 480, 450, 219 38, 045, 891
,
519, 764, 958
.
,
41, 213, 870
520, 793, 923 478, 551, 088 47, 590, 275
I
,
521:, 734,140 473,203,648 49,881,210
.
471, 852, 930
5.19, 368, 486
,
38, 832, 869
513. 481, 747 480, 535, 617 27, 527,168
,
509,, 351, 944 485,954,579 27,199, 745
I
507,, 656, 383 482,152,199 26, 564,136
'
507, 291, 684 481, 092, 247
,
510. 676,160 483,043,872 24, 247, 812
,
479, 047, 220 31,628,940
511 ,858,835
484, 956, 707 26, 902,128
512,
,432,535
512,, 894, 283 491, 380,178 21, 046, 357
:
495, 377.854 17,516,429
514,
,072,040
493,206, 545 20, 865, 495
515,
,029,907
514, 879, 966 491, 866, 360 23,163, 547
,
489, 332,716 25, 547, 250
513 ,400,895
509, 308, 574 492, 250, 653 21,150, 242
,
505, 929, 775 491, 975, 015 17,333, 559
,
489, 010. 855 16, 918, 920
504,
,290,719
490,011.426 14,279,293
503,
,212,854
506:, 512, 553 488.855, 275 14,357,579
i
507,, 531,887 488, 319, 964 18,192,589
'
506, 376, 982 491,911,985 15, 619, 902
,
507:, 646, 792 493,828, 286 12, 548, 096
508, 110,172 494, 897, 529 12, 749, 263
,
,
508, 228, 226 495,323, 922 12, 786, 250
!
,
49.\ 387, 623 12, 840, 603
507 ,579,673
496,168, 675 11,410, 998
505,
1,059,814
499. 628,449 496,148, 625
,
8,911,189
491,321,161
496,
,499,279
8, 307, 288
496 , 728, 872 484, 804, 519 11, 694, 760
497, 200, 739 483,319, 080 13, 409, 792
',
502,
,043, 317 483, 361, 096 13, 839, 643
501, 772,167 484, 390, 325 17, 652, 992
,
502:,582,324
487, 301, 487 14, 470, 680
504,
,271, 753 488,418, 359 14,163, 965
505, 432, 661 489, 822, 810 14, 448. 943
s
506, 964, 446 587,917,649 17,515,012
1
,
508,
,303, 726 484, 526, 347 22, 438, 099
506, 756, 909 484, 095, 294 24, 208, 432
,
501, 747, 657 486, 263, 727 20,493,182
,
487, 979, 735 13, 767, 922
51
TRE ASURER.
No.
2 4 . — U N I T E D STATES N O T E S , TREASURY NOTES, AND NATIONAL-BANK NOTES IN
THE T R E A S U R Y AT THE END OF EACH MONTH, FROM J U N E , 1878.
Month.
1878—June
July
August
Septeraber...
October
November . . .
December
1879—January
February
March.'.
April
May
June
July
August
September...
October
November . . .
December
1880—January
February
March
April
May
June
July
August
Septeraber...
October
Noveraber...
December
1881—January
February
March . i
April
May
June
July
August
September...
October
November . . .
Deceraber
1882—January..
February .
March
April
May
June
July
August...
September...
October...
November
December
1883—January . . .
February..
March
April
May
June
July
August
September.
October
November .
December..
1884— January . . .
February . .
March
April
May
June
July
August
September.
October
November .
December..
United
States notes.
$72,
77,
78,
73,
74,
73,
69,
71,
81,
75,
70,
77,
74,
63,
70,
48,
37,
29,
22,
24,
26,
24,
26,
30,
33,
34,
31,
27,
22,
19,
15,
19,
22,
21,
22,
26,
30,
29,
29,
27,
26,
26,
25,
28,
29,
28,
28,
31,
34,
34,
35,
31,
29,
30,
28,
33,
32,
29,
30,
33,
36,
37,
37,
37.
37,
39,
39,
42,
45,
45,
45,
38,
40,
42,
40,
36,
33,
32,
36,
Treasury
notes.
Nationalbank notes.
Total.
$12, 789, 923 $84, 810, 044
,
,
14,
,119,544
91, 225, 403
11 , 772, 829
90,121, 083
, 260, 704
82, 310,104
i 370, 449
.
80, 546, 055
, 055, 844 81,711,248
. 469,162 78, 051, 667
,
: 374, 371 83, 398, 902
,
' 233, 225 91, 403, 198
,
s 542, 552
81, 372, 221
,762,196
78, 207, 019
,661,786
92, 212, 228
: 286,701 82, 678, 605
,
,188, 445
70, 979, 911
,138,655
75, 736, 261
: 321, 302 52,494, 556
,
,658,168
41,180,735
, 208, 277
33,181, 731
; 242, 708 25, 903, 202
,
1 885, 966
,
31.185, 528
: 242, 984 30, 392, 077
,
; 606, 364 27, 686, 445
,
', 588, 049
32, 062, 329
! 983, 508
,
39,816,528
, 090, 250 40,110, 809
, 237, 795
41, 336, 919
: 335, 906
,
35, 985, 755
I 575, 440 30, 724, 053
,
: 197, 224 26, 616, 217
,
; 702, 629 23, 277. 566
,
, 242, 828
19, 984, 646
, 342, 410
25, 524, 026
,144,895
26, 351, 496
, 321, 844
25, 660, 042
1 988, 259
,
' 784,186 28, 915, 345
,
I 296, 382 34, 706, 491
,
35, 500, 474
, 532, 708
: 273, 541 35,157, 618
,
33,594,410
, 551, 400
: 739, 547 31,681,532
,
31, 021, 316
, 556, 305
30,957,383
,677, 691
31, 670, 491
,377,995
36, 092, 389
, 484, 211
35.186, 061
,516,077
32, 887, 492
', 180, 209
34,808,033
,418, 245
i 277, 247 39, 356, 935
,
40, 947, 836
,428,411
43, 398, 001
,287,442
43,171, 383
,828,786
38, 776, 944
I 370, 052
,
: 311,110 36, 059, 248
,
36, 902, 502
s 532, 021
34, 986, 416
^ 486, 291
i 761, 527
,
44, 078, 528
: 199,135 39, 506, 344
,
,343,015
34,077,696
i 361, 571
,
37, 312, 638
,217,062
41, 833, 396
,343,000
44,715,901
,019,802
45, 975, 646
,017,710
43, 811, 568
i 428,180 43, 212,130
,
,070, 474
43.541,217
: 955. 820
,
46, 945,118
, 746, 745
48, 600, 069
I 048, 941 56, 902, 934
,
, 862, 366
57, 857, 573
I 950, 326 53,767,018
,
,533, 779
55, 716,159
, 809, 991
46, 265, 620
\ 529,336
48, 993, 793
, 614, 068
.53, 257, 326
, 078,957
52, 457, 622
^ 171, 655
47, 603, 830
\ 525, 634
44,113,827
I, 329, 994
42, 726, 317
46, 829, 569
United States
notes held
against certificates.
$46, 245,000
51 120, OOU
47 815, 000
39, 545,000
35, 660, 000
35, 070, 000
33, 190, 000
40, 445, 000
36, 675, 000
25, 145, 000
30, 905,000
25, 880,000
29, 355,000
40, 250, 000
34 375,000
29, 240,000
20, 195,000
13, 585,000
10, 090, 000
12, 685,000
11, 095,000
320, 000
985,000
650, 000
235, 000
075, 000
205, 000
885,000
625, 000
450, 000
980, 000
630, 000
640, 000
565, 000
255,000
860,000
650, 000
525, 000
450,000
105, 000
275, OOO
990,000
540,000
330, 000
445,000
925, 000
990, 000
065, 000
245, 000
220, 000
815, 000
540, 000
835, 000
835, 000
575,000
430, 000
130,000
46.5, 000
050, 000
790,000
060, 000
885,000
055, 000
870, 000
545, 000
365, 000
480, 000
835,000
125, 000
955,000
920,000
030, 000
190, 000
165, 000
270, 000
630, 000
770, 000
575,000
760, 000
Net.
^38, 565, 044
40, 105, 403
42, 306, 083
42,765, 104
44,886, 055
46, 641, 248
44,861, 667
42,953, 902
54,728, 198
56, 227, 221
47,302, 019
66, 332, 228
53, 323, 605
30,729, 911
41, 361, 261
23,254, 556
20, 985, 735
19, 596, 731
15,813, 202
18,500, 528
19, 297, 077
19 366, 445
23, 077, 329
27 166, 528
25 875, 809
2i 261, 919
(
24 780, 755
053
20 839, 217
17 991, 566
14,827, 646
13 004, 026
16 894, 496
18 711, 042
19 095, 345
20 660, 491
23 846, 474
23 850, 618
24,632, 410
24, 144, 532
23 576, 316
22 746, 383
21 967, 491
22 130, 389
24 762, 061
23 741, 492
21 962, 033
23 818, 935
27 291, 836
27 702, 001
31 178, 383
3 356, 944
1
28 236, 248
26 224, 502
27 067, 416
25 411, 528
31 648, 344
28 376, 696
24 612, 638
27 262, 396
30 043, 901
31 655, 646
33 090, 568
3 756, 130
1
31 342, 217
30 996, 118
32 580, 069
34 120, 934
40 067, 573
39 732, 018
38 812, 159
40 796, 620
35 235, 793
36 803, 326
40 092, 622
38 187, 830
31 973,•827
26 343, 317
20 151, 569
22 069,
52
REPORT ON T H E FINANOES.
N o . 2 4 . — U N I T E D STATES NOTES, T R E A S U R Y N O T E S , AND NATIONAL-BANK N O T E S I N
THE TREASURY AT T H E E N D OF EACH M O N T H , FROM J U N E , 1878—Continued.
Month.
United
States notes.
1885—January
February
March
April
May
June
July
August
September...
October
November . . .
Deceraber
1886—January
February
March.
April
May
June
July
August
September . . .
October
November . . .
December
1887—January
February
March
April
May
June
July
August
September . . .
October
November . . .
December
1888—January
Februai:y
March
April
May
June
July
August
September...
October
November . . .
December
1889—January
February
March
April
May
.Tune.
July
August
September...
October
November . . .
December
1890—January
February
March
April
May
June
July
August
September...
October
November . . .
December
1891—January . .
February.
March
April
May
June
Treasury
notes.
$2,233,100
962, 500
2,481,649
2, 039,144
2,193, 717
3, 702, 294
4, 279, 421
3,171,227
4, 710, 946
7, 565, 067
9, 765, 252
Nationalbank notes.
$13, 880,
9 774,
,
7,312,
8,120,
9 806,
,
9 945,
,
8,081,
7,556,
6 196,
,
5,438,
5,775,
5,347,
9 951,
,
7,961,
3,392,
3,831,
4,962,
4,034,
3,792,
2,878,
2 104,
3,192,
2 522,
3 012,
4 606,
3,072,
2,558,
3,480,
3,927,
2 362,
3,142,
3,354,
2,938,
4 157,
3 131,
4 919,
7 782,
6 355,
,
5 323,
5,942,
6 702,
,
7 054,
8,218,
7 880,
6 023,
,
4 167,
3 381;
4 068.
5 439,
3 433,
3 054,
3 686,
4 703,
4 158,
3 632,
4 590,
3 883,
5 211,
4 251,
4 500,
6 172,
4 339,
3 937,
3 942,
4 289,
4 351,
4 766,
5 063,
4 620,
3 662,
3 416,
3 349,
6 320,
4 970,
3 415,
4 055,
5 189,
5 655,
Total.
^57 839,
58,700,
53, 996,
54 986,
60 223,
54 993,
56 500,
63, 214,
57 325,
51, 133,
49 065,
47,078,
57 841,
55 158,
45 606,
41 434,
45, 206,
45 152,
44 836,
49 653,
46 328,
41 300,
39 095
32 691,
37 610,
36 941,
30 853
32 056
34 684,
31 146
31 235,
31 642,
27 083,
26 634
26 285,
27 328,
36 442
39 837,
38 409,
44 988,
52 861,
59 452,
63 249,
64 105
59 382,
52 .561,
49 944,
45 193,
48 800,
48 654
42 555
42 037
48 643
50 494
51 571
53 461
40 328
35 024
29 210
20 174
25 408
24 163,
18 516
19 946
24 037
27 985
28 749
26 690
18 348
18 407
16 561
15 548
28 377
27 926
19 237
23 263
32 116
38 387
U n i t e d States|
notes held
against cer^
tificates.
Net.
$30, 085,
,000 $27, 754,117
,
30, 200,
,000 28,
,500, 963
26,210,
,000 27,
,786,228
25,400,
.
,000 29. 586, 350
26, 925
,
),000 33, 298,196
,408,090
,000 25,
29, 585,
'
,
31,420,
),000 25, 080,127
,349, 704
30, 865,
,000 32,
:
,
23,185,
,000 34, 140, 740
,
18, 145,
,000 32, 988, 582
,
17, 555.
,000 31, 510, 999
1
,
,000 33, 288, 967
13, 790:
1,251,446
,000 43,
14, 590.
I
,
14, 920,
,000 40, 238, 626
1
,
11,925,
,000 33, 681, 688
I
,
11, 515,
,000 29, 919, 776
,251,248
,000 31,
13, 955,
,
18,250,
),000 26, 902, 733
S
19,105,
),000 25, 731, 551
,458,167
11,195,
),000 38,
,
,000 38, 623, 845
7,705,
,
7,140,
),000 34, 160, 051
1
,
7,025,
),000 32, 070, 221
1,181,661
6,510, 000 26,
),
,
8, 720,
,000 28, I 004
,
8,180,
),000 28, 761, 763
,
7,135 ,000 23, 718,423
,
8, 350,
,000 23, 706,127
,694, 621
8, 990, 000 25,
),
I 376, 382
,
8, 770,
),000 22,
1,775, 845
8,460.
,000 22,
: 512, 265
,
7,130,
,000 24,
S
),000 20, 548, 805
6, 535,
I 419, 047
,
7, 215, 000 19,
),
1,450, 084
),000 19,
6, 835,
I 343, 859
,
6, 985,
),ooo- 20,
1,797, 072
),000 25, 622, 564
10, 645,
!
,
),000 28, 494, 410
11,215.
I
,
),
8, 915, 000 29,
,433,808
),000 34, 631, Oil
10, 555,
>
,
),000 40, 037,425
12, 230,
>,
.000 45, 044, 574
14,415,
i
.
),000 48, 460, 550
15, 205,
I
,
),000 49, 652, 270
14,645,
1
,
12,730,
),000 46, 981, 274
\
11,580,
),000 40, 584,412
i
,
11,360.
).000 38,
,943, 906
),
10, 250: 000 34, 885, 727
,
),
13,915, 000 Si,; 734,083
,
15, 920,
),000 32, 105, 498
,
),
14, 450, 000 28,
,457,027
14, 580,
),000 27, 493, 474
!
,
16,150,
),000 32, 759, 416
1
,
16,735.
),000 33,
, 901
17,575,
),000 33,
1,916,596
16, 545,
),000 36, 053, 979
I
,
15, 275,
),000 25,
1,514,916
12,510,
),000 22, 070. 995
t
,
10,140, OUO 19,
),
,174,280
9, 000,
).000 11,
,778,984
),000 13, 933,1.79
11, 630,
,
10, 230,
),000 13,
,856, 853
7,
,000 10,
,151,947
8, 795, 000 11,
),
,182,094
9, 855,000 14, 155, 957
,
1
,
11, 830,
,000 10, 929, 771
11, 820,
),000 16, 870, 038
.
,
8, 820,
),000 17, 358, 301
,
6, 990, 000 11, 497, 550
),
i 291, 808
,
6, 910.
xooo 11, 738, 935
,
6, 270,
),000 10,
,
),
6, 8io; 000 8, 017, 953
s
),000 17, 656, 224
11, 360,
1
,
),000 15, 092, 282
12, 270.
\
),000
8,263,104
11,145,
),000
9, 366, 827
,
14, 000.
,
),000 14, 022,170
17,750
),
21,365: 000 17,
53
TREASURER.
N o . 2 4 . — 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
I N THE T R E A S U R Y AT THE END OF EACH MONTH, FROM J U N E , 1878—Continued.
Month.
United
States notes.
$26,788,452
1891—July
28, 984, 580
August
Septeraber...
19,949,815
October
14,127,027
13, 316, 707
November . . .
Deceraber
12, 913, 665
16, 583, 703
1892—January
February
24, 549, 328
March
22,776, 054
April
21,895,155
jp^ay
28, 227,714
34, 806,176
Juue
July
34, 828, 738
29,132, 596
August
. September...
24,077,858
October
U ; 600, 782
. November . . .
12, 908,139
15, 747, 476
Deceraber
1893—January
26, 986, 878
February
32,506, 274
March
' 29,887,702
April
26, 873, 899
27, 658, 693
May
'
25, 805, 333
June
22, 286, 612
July
15, 042, 956
August
14, 452,110
September . . .
October
24, 788, 988
November . : .
35,412, 344
December
44,139, 202
1894—January
47, 302,190
February
53, 070, 488
March
56, 089, 660
April
62, 237, 328
76, 090, 927
May
June
77, 908. 645
July
82,116, 791
August
82,905, 913
79, 397,535
September . . .
October
66, 206, 311
Noveraber . . .
69, 770, 527
Deceraber
81,919,158
1895—January
89, 681, 673
February
84, 692, 758
March
89, 745, 257
April
79, 287, 111
M!ay
79, 742, 984
Juue
-.
81, 571, 560
July
75, 331, 689
August
99,144, 2G3
Septeraber...
106, 316, 600
October
107, 694, 736
N o v e r a b e r . . . 111, 768, 519
December
115, 825,143
1896—January
100, 935,176
February
106,222,443
March
114, 392, 534
April
109, 331, 635
May
121,118, 261
June
121, 229, 658
July
109,270 478
August
114,716,282
Septeraber...
97,133,716
October
89, 730, 690
November . . .
71, 975, 533
December
85, 313, 258
1897—January
78,194, 780
February
85, 946, 400
March
98,167, 376
April
98, 942, 880
May
97, 832, 313
June
98 097 438
July
94 291 064
August
92; 248, 702
September...
94, 885, 472
October
87, 684, 018
Noveraber...
84,498, 016
December
84,200,089
Treasury
notes.
N a t i o n alb a n k notes.
$5,924, 947
$11, 309, 957
6, 822, 252
13, 937, 685
7,045, 902
5, 695, 080
2,251,786
5,738,795
1,976, 366
4,841, 754
2, 031, 045
4,651,152
5, 514. 681
6, 028, 889
9, 517, 659
4, 792, 427
11, 996, 788
3, 884,496
11, 726, 920
4, 409, 486
10, 323, 314
5, 071, 384
5, 376, 893
3, 660, 414
5, 931,778
3, 809, 869
6, 623, 311
5, 268, 551
5, 482, 485
7, 701, 652
2, 043,810
7, 208, 009
I, 919,154
5,828, 486
2,705, 967
6, 043, 059
4, 019,143
7, 768,170
5, 420, 240
5, 578,128
6, 533, 367
3,827, 111
10, 290, 675
5, 085, 299
10, 684, 691'
5, 243, 455
3, 982, 733
6, 528, 533
3, 620,150
4, 512, 210
3,1.57, 587
4, 461, 749
2, 494, 841
7, 815, 481
1,916,606
11, 566, 766
2, 683, 223
12,808, 547
I,194,884
12, 357, 628
2, 315, 506
14, 526,887
11,962,418
12, 640, 479
11, 583, 462"
10,758, 809
11, 786, 958 • 8, 750, 439
12, 605, 052
7, 520, 998
6, 598, 893
17, 722, 408
4, 895, 465
22, 528, 599
5, 567,162
27, 598, 929
30,113, 893
5,017,748
28, 425,172
4, 970,188
26,404,164
4,169, 283
28, 369, 950
4, 759, 972
33, 571, 316
6, 333,175
36, 455, 457
5,154, 293
28, 872,489
4, 449,893
27, 743, 971
4, 959, 625
30,089,473
4, 899, 226
4, 643, 489
30,109, 692
31,485,899
5, 642,488
7,600, 591
35,058,618
36, 630,854
6, 018, 775
26, 565, 611
6, 523, 602
24, 322, 958
6, 391, 746
22,044,511
7,063,137
27,103, 095
10,409, 650
30, 644, 730
8, 630, 538
32, 352, 314
7,110, 998
32,148, 255
7, 587,158
33, 304, 774
10, 002, 385
10,668,620
34, 465, 919
11, 933, 422
34 394 748
13, 815, 370
35.' 478; 756
36, 040, 233
12, 834, 494
39, 269,516
12, 981, 868
41, 529, 379
13,063,471
35,645,059
14, 278, 970
35, 664, 898
17, 328, 389
32, 003, 659
15, 005, 984
26, 886, 470
11, 374, 958
24.442, 653
8, 676, 050
29,140, 874
7,109, 698
5, 030, 919
30, 962, 083
32 350 393
5 688 791
29, 526, 968
4, 517, 847
21, 518, 217
3, 814, 835
7, 553, 325
4, 998, 012
3,116, 882
4,678,007
2,904, 344
5,186, 886
Total.
$44, 023, 356
49, 744, 517
32, 690, 797
22,117, 608
20,134,827
19, 595, 862
28,127,273
38, 859, 414
38, 657, 338
38, 031, 561
43, 622. 412
43, 903, 483
44, 570, 385
41, 024, 458
37, 261, 995
23, 852, 601
20, 655,779
24,496, 502
38, 774,191
43, 504, 642
40, 248,180
42, 249, 873
43, 586, 839
36, 316, 599
30,418, 972
22, 662, 292
24, 762, 432
38, 272, 360
50, 904,114
57,691,714
64,144, 583
77, 673, 385
78, 431, 931
82,774,725
96, 216, 977
102, 229, 946
109, 540, 855
116, 072, 004
114, 529,176
99, 601, 671
100, 343, 974
115, 049,080
129, 586,164
126, 302, 508
123, 067, 639
111, 990,707
114, 731, 683
116,324, 741
112,460, 076
141, 803, 472
148, 966, 229
140, 783, 949
142, 483, 223
144, 932, 791
138, 447, 921
145,497, 711
153,855, 846
149, 067, 048
164, 425, 420
166, 364,197
155 598 648
164, 010; 408
146, 008,443
141, 982, 074
126,568,383
135, 237, 287
131,188, 067
132, 956, 043
136, 428, 804
132, 061, 583
134, 082, 885
134 090 'X'XKJ
440
J^tJ'X, KJtJW,
132, 330, 248
126, 293, 517
120,218, 524
100, 235, 355
92, 292, 905
92, 291,319
U n i t e d Statea
notes held
a g a i n s t certificates.
$27, 265, 000
28,455,000
17, 845, 000
10,765, 000
9,765,000
9, 265,000
16, 760, 000
29, 350,000
29, 840, 000
30, 210, 000
33,730, 000
29, 830, 000
26,720, 000
22, 210, 000
17, 290, 000
10, 550, 000
8, 230, 000
7,100, 000
14,450, 000
19, 250; 000
16, 670, 000
15, 840, 000
16,955, 000
11, 935, 000
7, 855, 000
5, 605, 000
8, 200, 000
22, 325, 000
33, 205, 000
39,045, 000
44, 935, 000
47, 805,000
52, 720, 000
57, 270, 000
59,250, 000
58, 935, 000
61, 695, 000
58, 065, 000
55, 755, 000
54, 045, 000
57,135, 000
47, 005, 000
37, 625, 000
36, 925, 000
36, 825, 000
Sl, 295, 000
48, 245, 000
55, 405,000
56, 920, 000
76, 555, 000
63, 840, 000
56. 740, 000
45, 935, 000
31, 605, 000
• 28,925,000
32, 825, 000
34,460, 000
32, 930, 000
33, 430, 000
31, 840, 000
41 540 000
38! 395, 000
34, 305, 000
32, 465, 000
38, 470,000
50, 330, 000
65, 350, 000
76, 525, 000
74, 460, 000
69, 905, 000
65, 785, 000
61,130, 000
62, 335, 000
63, 275, 000
52,825, 000
48, 285, 000
48,640,000
43,315,000
Net.
$16,758,356
21, 289, 517
14, 845, 797
11, 352, 608
10,369,827
10, 330, 862
11, 367, 273
9, 509, 414
8, 817, 338
7, 821, 561
9, 892,412
14, 073, 483
17, 850, 385
18, 814, 458
19.971,995
13, 302, 601
12,425,779
17, 396, 502
24, 324,191
24, 254, 642
23, 578,180
26, 409, 873
26, 631, 839
24, 381, 599
22, 563,972
17,057, 292
16, 562,432
15, 947, 360
17, 699,114
18, 646, 714
19, 209, 583
29, 868, 385
25, 711, 931
25, 504, 725
36 966 977
43, 294i 946
47, 845. 855
58, 007, 004
58, 774,176
45, 556, 671
43, 208, 974
68, 044,080
91, 961,164
89, 377, 508
86, 242, 639
74, 695, 707
66, 486, 683
60 919 741
55, 540; 076
65, 248, 472
85,126, 229
84, 043, 949
96, 548, 223
113,327, 791
109, 522, 921
112,672,711
119,395,846
116,137-, 048
130, 995,420
134,524 197
114, 058, 648
125, 615, 408
111, 703, 443
109, 517, 074
88, 098, 383
84, 907, 287
65, 838, 067
56, 431, 043
61, 968, 804
62,156, 583
68, 297, 885
72, 960, 440
69, 995, 248
63, 018,517
67, 393, 524
51, 950,355
43, 652, 905
48, 976,319
54
REPORT ON T H E F I N A N C E S .
N o . 24.--UNITED 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
IN THE T R E A S U R Y AT THE END OF EACH MONTH, FROM J U N E , 1 8 7 8 . — C o n t i n u e d .
Month.
1898—January
Febraary
March
April
May
June
July
August
Septeraber...
October
November . . .
Deceraber
1899-January
February
March
April
Mav
June
July
August
Septeraber. .
October
November . . .
Deceraber . . .
1900—January
February
March
April...
Mav
o uneJuly
August
Septeraber...
United
States notes.
$72, 958, 606
82, 516, 830
79, 375,429
.58, 632,698
56, 478, 029
60,108, 687
68, 596, 829
74,285,435
55, 020, 851
40, 379, 396
34, 944, 970
34, 265, 278
37,037,858
38, 375, 618
36,161, 899
34, 623, 611
35, 585, 592
36,133, 667
35, 351, 022
36, 550, 595
31,726, 416
29,416,350
28, 869, 040
28, 411, 651
29,180, 704
28,339,650
23, 878, 372
19, 848, 568
23, 928, 067
30 066 902
28, 779, 065
28, 724, 045
22,174,702
Treasury
notes.
$4, 733, 614
6,204, 850
3,905,848
3,102, 310
I, 754, 425
2, 541, 700
4,477, 727
4, 339, 626
1, 844, 997
1, 263, 500
I, 411, 798
1, 580,539
1, 988, 527
1, 306, 821
878, 579
959, 239
923,498
912, 488
921, 744
865, 648
1, 210,105
934, 386
1, 584, 600
1, 385, 929
I, 854, 540
1,252,773
724, 941
837,941
803, 241
779, 503
682 OfiO
497, 349
113,812
. Nationalb a n k notes.
Total
$6,162, 923
3, 417, 842
2, 739, 491
2,728, 961
3, )86,734
4, 770, 474
4,723,423
4,415,724
3, 689, 265
4, 659,172
4,675,744
5, 480,141
5,748, 207
3, 709, 350
2, 873, 462
3, 919,501
4, 029,191
3, 518, 277
3, 575,093
3,632,408
3, 640, 442
3, 999, 431
4, 006, 282
4, 275, 580
6,182, 982
3, 776, 647
3, 876, 714
5,309,026
6, 512,189
9,478 892
8, 998, 726
9, 676, 801 •
9, 079, 798
United States
notes held
a g a i n s t certificates.
Total
$49, 075, 000 $34,780,143
$83, 855,143
92,139, 522
48,430, 000 43, 709, 522
86,020,768
37,900,000 48,120, 768
64,463,969
26, 9.15, 000 37, 548, 969
61,319,188
26, 540, 000 34,779,188
67,420, 861
26, 045, 000 41, 375, 861
21,975,000 55, 822, 979
77, 797,979
83, 040, 785
20,280, ono 62, 760, 785
60, 555,113
17, 635, 000 42, 920,113
46, 302, 068
20,055, 000 26, 247, 068
41, 032, 512
20,190, 000 20, 842, 512
41,325,958
20,465, 000 20, 860, 958
44,774, 592
22,170, 000 22, 604, 592
43, 391, 798
23,105, 000 20, 286, 798
39, 913,940
22, 335, 000 17, 578,940
39, 502, 351
21, 265, 000 18, 237, 351
40, 538, 281
21,340,- 000 19,198, 281
40, 564, 432
20, 855, 000 • 19, 709, 432
39,847,859
19,955,000 19, 892, 859
19,170, 000 21,878, 651
41,048, 651
36, 576, 963
15,870, 000 20, 706, 963
34, 350,167
13, 735, 000 20, 615,167
34,459,922
13, 605, 000 20,85i, 922
34, 073,160
11, 980, 000 22, 093,160
37, 218, 226
14, 580, 000 22,638, 226
33, 369, 070
15, 270, 000 18, 099, 070
28, 480, 027 . 14, 335, 000 14,145, 027
25,995, 535
7, 260, 000 18, 735, 535
31, 243, 497
4, 785,000 26,458, 497
40, 325, 297
3,705, 000 36, 620, 297
38,459, 851
2, 680, 000 35 779 851
38,898,195
2, 560, 000 36, 338,195
31, 368, 312
1, 820, 000 29, 548, 312
N o . 2 5 . — G O L D C E R T I F I C A T E S , S I L V E R C E R T I F I C A T E S , AND C U R R E N C Y C E R T I F I CATES IN THE T R E A S U R Y AT T H E E N D OF E A C H M O N T H , FROM J U N E , 1878.
Month.
1878-June
July
August...
September
October...
Noveraber
December.
1879—January..
February.
March
April
May
June
' July
August...
September
October...
November
December.
1880—January..
February.
March
April
May
3 une
July
August - - September
October
November
December.
1881—January . .
February.
March....
Gold
certificates.
Silver
certificates.
$19, 469, 320
18,170, 420
20, 794, 220
9, 392, 920
9,901,520
9, 845,120
391,420
544, 020
400, 220
50, 740
62,140
33,580
133, 880
43, 800
120, 000
67, 700
213, 400
183,740
740, 960
61,100
327, 300
611,500
173,800
39, 800
40, 700
32, 600
36, 800
31, 600
6,800
19,120
130, 500
50, 080
312, 080
142, 900
$1,455, 520
2, 647, 940
4, 424, 600
1,316,470
2, 639, 560
1,907,460
2, 082, 770
2,170, 840
1, 976, 320
2, 074, 830
1, 779, 340
1, 922, 820
2, 052, 47.0
2, 014, 680
1, 976, 960
3, 045,130
4, 531, 479
. 5,173,188
4, 888, 658
5, 063, 456
4, 797, 314
5,611,914
5,428, 354
6, 322, 731
6, 584, 701
5, 758, 331
5, 518, 821
6, 318, 769
7, 333, 719
8, 572, 294
9,454, 419
9,985,583
10, 856, 463
10,733,085
Currency
certificates.
$570,000
460, 000
1,460, 000
1, 345, 000
180,000
2,120, 000
I, 510, 000
755, 000
9, 425, 000
2, 580, 000
1,140, 000
1,155, 000
1, 450, 000
590, 000
960, 000
1, 975, 000 •
2, 315, 000
685, 000
425,000
215, 000
670, 000
175, 000
175, 000
600,000
360,000
590, 000
105, 000
90, 000
150, 000
75,000
25, 000
325, 000
240, 000
Total.
$21,494, 840
'21,278,360
26, 678, 820
12, 054, 390
12, 721, 080
13, 872, 580
3,984,190
3, 469,860
11, 801, 540
4,705, 570
2, 981,480
3, 111, 400
3, 636, 350
2, 648, 480
3, 056, 960
5, 087, 830
7, 059, 879
6, 041, 928
6, 054, 618
5, 339, 556
5, 794, 614
6, 398, 414
5,777,154
6, 962, 531
6, 985, 401
6, 380, 931
5, 660, 621
6, 440, 369
7,490,519
8, 666,414
9, 609,919
10, 035, 663
11, 493, 543
11,115,985
55
TEEASUEEE.
N o . 2 5 . — G O L D C E R T I F I C A T E S , S I L V E R C E R T I F I C A T E S , AND C U R R E N C Y C E R T I F I CATES IN T R E A S U R Y AT E N D O F E A C H M O N T H , FROM J U N E , 1878—Continued.
Month.
1881-April
May
June
July
August
September ..
October
November..
December...
1882—January . - - .
February . . .
March..'—
April
May
....
June
July
Auguat
September..
October
November . .
December...
1883—January
February...
March
April
May
June
July.'
August
September..
October
November..
December...
1884—Jauuary —
Februairy . . .
March
April
May
June
July
August
Septeraber.
October
Noveraber .
December...
1885—January —
February..
March
April
May
June
July
August
September.
October
November .
Deceraber..
1886—January . . .
February..
March
April
May
June
July
August
September..
October
November .
December..
1887—January...
February..
March
April
May
June
",
July
August
September.
October
November.
December..
Gold
Silver
certificates, certificates,
$1, 400 $11, 522, 208
36, 320 11, 988, 710
23, 400 12, 055, 801
1,700
11,181,088
• 3, 800 11, 516, 432
9,600
11, 559, 730
3,700
7,488,900
8,300
7, 089, 880
6, 359, 910
7,900
7, 462,130
15,800
8, 549, 470
. 8, 931, 930
1,000
8,872,790
2,500
10, 509,160
8,100
11, 590, 620
1,500
12, 361, 490
11,700,330
8, 364, 430
7,987, 260
990,170
5, 752, 970
950, 270
4, 405, 000
105, 030
107, 300
4, 306, 650
296, 270
5, 268, 550
525, 210
6, 865, 340
935, 420
8,887,260
869, 000
8,305,940
571, 270 15, 996,145
383,440
15, 542, 730
17, 276, 820
445, 200
15, 508, 280
480,300
252, 760 14, 244, 760
035, 300 13, 806, 610
446, 780
13,180, 890
788, 000 13.179, 020
600, 070 13, 890,100
424,250
20, 488, 585
415,395
20, 876, 250
686, 780 19, 936, 620
246, 020 23,384, 680
525, 830 25,265,980
701, 980 26, 903, 230
546, 960 26, 769,470
477, 750 30, 814, 970
701, 060 28, 951, 590
343,730
23, 302, 380
299,150
27,337,890
426, 930
29, 951, 880
689, 990 30,861,615
625, 290 32,141,140
371,350
35, 575, 590
593, 410 38, 370, 700
322, 320 40, 340, 980
606, 230 42, 712, 890
249, 240 31,722, 990
115,850
31, 906, 514
492, 968 32, 034, 464
350, 479
31,164, 311
060, 709 33, 978, 767
671,010
34, 837, 660
797,927
32, 410, 575
396, 875 31,141, 055
.735, 670 30,411,016
129, 870
27,
450
258, 360 27, 861, 858
693, 980 25, 728, 492
571.
654, 320 22, 555, 990
878,458
302
469, 694 17, 562, 285
485, 804 14,137,
7, 338, 432
843,632
6, 737, 388
256, 230
5,466,347
757,610
6, 212, 849
905,040
5, 007, 700
101, 358
5, 289,164
261,380
3, 425,133
098,560
4, 209, 659
008, 207
5, 996, 743
154, 288
3,919, 841
858,158
3,451,494
974, 838
4,413, 446
OIO, 394
6, 339, 570
Currency
certificates.
$40, 000
$11, 563, 608
12,025,030
275, 000
12, 354, 201
II, 397, 788
215,000
II, 695, 232
175,000
11,779,330
210,000
7,527, 600
35, 000
7,153,180
55, 000
6,409, 910
50, 000
70,000
7, 540, 030
105, 000
8, 670, 270
215,000
9,146, 930
8, 998, 790
125,000
265, 000
10, 776,660
75, 000
11, 673, 720
510, 000
12, 872, 990
185,000
11, 885, 330
130, 000
8,494, 430
110, 000
23, 087, 430
21,713,240
10, 000
29, 520, 030
10, 000
29,473, 950
60, 000
210, 000
37, 774, 820
250, 000
38, 640, 550
•41,877,680
55, 000
32,189, 940
15, 000
38, 882, 415
315, 000
38, 951,170
25, 000
45, 812. 020
90, 000
43,123, 580
75, 000
45,572,520
75, 000
40, 941, 910
100, 000
40, 707, 670
80, 000
37,012,020
45, 000
44, 580,170
90, 000
56,432, 835
520, 000
105, 000
65, 396, 645
20, 000
59, 643, 400
50,825, 700
195,000
51, 856, 810
65, 000
150, 000
56, 755,210
315, 000
60, 631, 430
63, 377, 720
85,000
55, 772, 650
120, 000
49, 806,110
160, 000
49, 682, 040
45, 000
70, 758, 810
380,000
69,556, 605
1, 005, 000
60, 816, 430
50, 000
315,000
50, 261, 940
52,164,110
200, 000
57, 923, 300
260,000
60, 014,120
695, 000
54, 667, 230
695, 000
63,432, 364
410, 000
66, 737, 432
210, 000
65, 779, 790
265, 000
260, 000
58, 299, 476
68, 893, 670
385,000
80, 048, 502
840, 000
225, 000 , 83,762,930
82, 731, 686
585,000
83, 241, 320
250, 000
80, 4.57, 218
470, 000
75, 775, 472
1,510,000
63, 360, 310
150, 000
54, 460, 760
20, 000
48, 886, 979
280, 000
35, 024. 236
200,000
25, 681, 020
100, 000
29, 972, 577
250, 000
36, 380, 459
410, 000
34, 072, 740
160, 000
37, 800, 522
410, 000
33, 996, 513
310, 000
22, 658, 219
350, 000
29,424, 950
420, 000
33, 224,129
150, 000
36, 479, 652
170, 000
44,708,284
320, 000
37,479, 964
130, 000
56
REPORT ON T H E F I N A N C E S .
N o . 2 5 . — G O L D CERTIFICATES, S I L V E R CERTIFICATES, AND CURRENCY^ C E R T I F I CATES i.v TREASURY AT END O F EA.CH M O N T H , FROM J U N E , 1878—Continued.
Silver
Currency
certificates. certificates.
1888-January . . .
February ..
. March.....
April
May
June
July
August —
Septeraber
October
Noveraber .
Deceraber..
1889—January. . .
February..
March
April
May
June
July
August
September..
October
November .
December..
1890—January . . .
Febru ai'y...
March
April
May
June
J uly
August
September .
October
November .
December..
1891-- J a n u a r y . . .
February ..
March .
April
May
,
June
J uly
August
September .
October
November .
Deceraber...
1892—January
February...
M a r c h .'.
April
May
Juiie
July
Auguat
S e p t e m b e r ..
October
Noveraber ..
Deceraber...
1893- - J a n u a r y
February...
Marcli
April
May
June
July
August
September..
October
November ..
December...
1894—January
February ...
March
April
•...
May
June
July-.
August
668,210
I 962,168
,
, 651, 464
853,500
574,110
135, 780
234, 688
, 591, 356
516,410
163, 492
441,932
127,702
043, 518
802,813
586,125
783, 433
350,140
235, 793
669,943
557, 233
073, 803
925,823
668, 090
316,100
452,870
222, 835
614, 210
142, 200
473,120
162, 960
577,120
005, 730
058, 780
482, 690
755,570
384, 690
892, 050
155, 770
050, 460
309,200
777,810
606,030
004,820
721, 280
332, 490
790, 420
202,170
472, 720
486, 810
150,140
673,770
931,180
470, 520
363,590
738,500
847, 210
345, 590
181, 990
632, 830
254, 750
729, 770
782, 260
135,430
888,310
324, 670
071,170
93, 710
565,370
129, 220
115, 860
149,090
75, 590
78, 350
106, 490
137, 310
102,770
41, 650
43, 490
103,470
34, 730
$280, 000
$14,930,517
440, 000
21,166, 469
650, 000
19, 370, 425
100, 000
18, 316,109
470,000
20. 458, 423
250, 000
29,104, 396
100,000
23, 361, 286
90, 000
15,528,702
580,000
9, 819, 875
390, 000
7, 404, 624
150, 000
8, 834, 485
470, 000
3, 958, 567
4,717,11.3
95, 000
5,717,898
280, 000
4, 760, 236
510, 000
3.451,830
110, 000
270, 000
6, 205, 089
5,527,301
240, 000
5, 651, 271
30,000
6,141,570
460, 000
3, 878, 052
770, 000
2, 328, 373
350, 000
2, 419,174
610,000
2, 252, 966
570,000
3, 254,118
90, 000
4, 063, 377
250, 000
3,407, 891
990,000
4, 438, 605
140,000
4, 936, 023
340,000
450, 000
4, 329, 708
3, 442, 258
40, 000
4,951,861
410, 000
1, 852, 364
180, 000
2,443, 197
20, 000
1, 976, 525
320,000
1,566,315
10, 000
3, 218, 788
140, 000
3, 346, 215
200, 000
3, 757, 247
530, 000
3, 309, 417
270,000
5, 009, 775
310, 000
7, 351, 037
1,425,000
8,198, 345
180,000
6, 624, 888
730, 000
2, 920, 072
1, 990, 000
2, 525, 759
330,000
3, 401, 308
370, 000
3, 954, 750
200,000
6, 216, 336
90, 000
3, 280,157
90, 000
3, 589, 703
1, 380, 000
3,209,106
340,000
3,613,837
290, 000
4,733,501 • 490,000
4, 472, 481
980, 000
2, 779,159
560, 000
2, 619, 477
970,000
2, 297, 772
560,000
2, 786, 471
270, 000
3, 748, 493
-490, 000
4, 953, 844
580, 000
6,750,372
510, 000
• 5,267,551
420, 000
5, 098, 778
140, 000
6, 650, 912
825, 000
4, 468,.339 i
430,000
2,843,114
485, 000
2,882,168
60, 000
5,909, 370
85, 000
7, 727, 272
100,000
5, 716, 507
120, 000
5, 038, 854
40,000
6,758,196
40, 000
6, 942, 257
360, 000
8, 755, 240
9,367,524
140, 000
9, 702, 545
120,000
10,054,123
300, 000
12, 027, 766
260, 000
13,492, 527
720, 000
Total.
$35, 878, 727
48, 568, 637
49, 671, 889
39, 209, 609
54, 502. 533
51,490,176
53, 695, 974
52, 210,118
35, 916, 285
33,958,116
46, 426, 417
40, 556, 269
29, 855, 631
30, 800, 711
31, 856, 361
24, 345, 203
33, 825, 229
43, 003, 094
40, 351, 214
46,158, 803
46, 721, 855
37, 604,196
33, 697, 264
34,139, 006
23, 796, 988
32, 536, 212
29,012.101
28, 720, 805
32,749,143
30, 942, 608
31, 059, 378
38, 367, 591
18.091,144
38, 945, 887
46, 0.52, 093
32, 901, 005
23. 250, 838
28,761,985
28, 337, 707
30,888,017
42, 097, 585
40, 382, 007
42, 383,165
45, 076,168
33, 242, 562
23, 646,179
22, 973, 478
21, 627, 470
23, 793,146
21, 520, 297
28, 643, 473
25, 480, 286
18, 374, 357
20, 587, 091
23,190, 981
27,186, 369
28, 935, 007
26, 039, 762
22, 689, 301
28, 493, 243
21,263.614
15, 042, 632
10, 822, 981
14,127,088
10, 800, 582
5, 969, 509
3, 421, 824
3,507,538
6,123, 590
7, 943,132
5, 985, 597
5,154,444
6, 876, 546
7, 048, 747
9, 252, 550
9, 610, 294
9, 864,195
10, 397, 613
12, 391,236
14,247,257
57
TEEASUEEE.
N o . 2 5 . — G O L D C E R T I F I C A T E S , S I L V E R CERTIFICATES, AND C U R R E N C Y C E R T I F I CATES IN TREASURY AT END O F EACH M O N T H , FROM J U N E , 1878—Continued.
Month.
1894—September
October...
Noveraber
Dc^-ember.
1895—January . .
February .
March
April
May
June
July
August—
September
October...
November
December.
1896— J a n u a r y . .
February.
March
April
May
June
July
August...
September
October...
Noveraber
December.
1897—January..
February.
March....
April
May
June
July..
August...
September
October...
November
December.
1898—January..
February.
March
April
May
June
July
August...
September
October...
November
Deceraber.
1899—January..
February.
March....
April
May
June
July
August...
Septeraber
October...
November
December.
1900—January . .
Februa'ry.
March
April
May
June
July
August...
September
Gold
certificates.
$55, 260
56, 280
751, 370
58, 960
337, 060
80,100
84, 660
63, 640
102,390
88,390
219, 330
209, 820
103, 370
168, 230
107, 910
163,450
131,140
651,470
583, 220
764, 910
687,280
497, 430
1, 393, 710
1, 618, 550
1, 591, 900
1, 390, 830
1,416,390
I, 392, 350
1,460,160
1,501,970
1, 483, 350
1, 517, 690
1,455, 340
1,496, 250
1,473, 290
1, 509, 380
1,535, 619
1, 534, 060
1, 548, 740
1, 570, 460
1, 567, 390
1, 574, 360
1,607,950
1, 603,150
1, 602, 940
1, 599, 510
I, 593, 470
1, 646,140
1, 596, 890
1,601,240
1,620,400
1, 608, 740
1, 630, 060
1, 625, 890
1,634,180
1, 641, 800
1, 648, 640
1. 641, 550
i; 657,730
13, 529, 430
36, 827, 560
24,844, 600
23,987,917
23, 721, 822
23, 330,930
28, 994,442
37.114, 928
26, 872, 370
25,834,880
27, 241, 710
21, 396, 770
25, 587, 310
30, 716, 330
Silver
Currency
certificates. certificates.
$9, 155,
6 569,
,
5,312,
5,846,
7,329,
7,291,
7,374,
7,699,
6 692,
,
9 162,
,
10,577,
7,741,
7,862,
8,953,
8,471,
9,625,
14, 380,
11,831,
11, 293,
11,.578,
10 629,
11,359,
12 375,
11 464,
10 045,
8 686,
11 591,
14,227,
11 678,
9 876,
,
12, 535,^
13 777,
11, 576,
17 143,
14 465,
11, 249,
10, 532,
11,331,
11 664,
11,229,
14 9.59,
11 621,
6 859,
3 638,.
6 507,
7 897,
9 803,
8 117,
6 636,
7 575,
6 345,
7 098,
7 293,
5 888,
3 753,
3 647,
3 958,
4 216,
3 939,
3 646,
5 043,
• 5
657,
6 350,
6 423,
8 844,
7 272,
6 679,
6 301,
6 997,
7 515,
8 595,
8 336,
4 887,
$550,000
280,000
850,000
1, 960, 000
3, 620, 000
430, 000
740, 000
80, 000
190,000
350, 000
120, 000
530, 000
3, 675,000
275, 000
2, 800, 000
2,845, 000
320, 000
245, 000
220, 000
365, 000
240, 000
150, 000
610, 000
830,000
• 410,000
2, 595, 000
40, 000
500, 000
165, 000
270,000
610,000
2, 035, 000
780, 000
620, 000
1,160, 000
375, 000
1, 325, 000
340, 000
250, 000
1,240, 000
70, 000
2,230,000
3, 330, 000
820, 000
60,000
560, 000
1,100,000
280, 000
820, 000
50, 000
450, 000
220, 000
400, 000
30, 000
560, 000
60, 000
460, 000
470, 000
100,000
260, 000
230, 000
30, 000
90, 000
370, 000
20, 000
100, 000
310,000
210,000
Total.
$9, 761,
6, 905,
6, 913,
7, 865.
11, 286,
7,801,
8,199,
7, 842,
6, 984,
9, 601,
10, 916,
8, 481,
11, 641,
9, 396,
11, 379,
12, 634,
14, 831,
12, 728,
12, 096,
12, 708,
11,556,
12, 007,
14, 379,
13, 913,
12, 046,
12, 672,
13, 047,
16,120,
13, 304,
11, 647,
14, 628,
17, 330,
13, 812,
19, 259,
17, 099,
13,133,
13, 392,
13, 205,
13,463,
14, 040,
16, 596,
15, 425,
11,797,
6, 062,
8,170,
10,056,
12, 496,
10, 043,
9,053,
9,227,
8,415,
8, 927,
9, 323,
7, 544,
5, 947,
5, 349,
6, 067,
6, 327,
5, 696,
17,435,
42,101,
30, 531,
30,428,
30, 515,
32,195,
36,366,
44,104,
33, 383,
32 832
34, 757,
29, 992,
33 923,
35, 603,
58
No.
REPORT ON THE FINANOES.
2 6 . — A S S E T S OF THE TREASURY OTHER THAN GOLD, S I L V E R , N O T E S , AND
CERTIFICATES AT THE END OF EACH M O N T H , FROM J U N E , 1878.
Month.
1878--June
July
August . . .
Septeraber
October . . .
November.
Deceraber .
1879—January...
Februaiy.
March
April
May
June.
July
August
Septeraber
October . . .
November.
December .
1880—January..,
February..
March
April
May
June
July
August . . .
September.
October . . .
November.
December .
1881—January...
February..
March
A.pril
May
June
July
August . . .
September
October . . .
November.
December .
1882—Januaiy...
February .
March
April
May
Juiie
July
August . . .
Septeraber
October . . .
Noveraber.
December.
1883—January...
February .
March
April
May
June
July
August . . .
September
October . . .
Noveraber.
Deceraber.
1884—January...
February .
March
April
May
June
July
August . - .
September
October . . .
Noveinber.
December.
Minor coin
261, 714
338,133
398, 587
410, 899
435, 035
440,493
393, 536
433, 983
451, 618
, 481, 023
502, 527
,524, 684
, 541,886
, 555,186
,564,427
, 521,174
, 472, 264
,431, 478
, 376, 318
,341, 762
356, 628
326,229
,298,435
, 246, 201
232, 722
184, 661
,145,038
063, 766
992, 029
934, 043
850, 856
802, 015
767, 383
727, 772
725,138
717,042
786, 006
663, 940
611, 856
556, 424
487,768
424, 210
395, 375
409, 094
407, 715
412, 268
432, 005
451, 806
449, 072
466,116
482, 962
505,331
492, 254
490, 925
494, 900
511,424
532, 865
505, 986
528, 266
557,325
574,171
517,038
519,694
520, 700
518; 754
523, 033
534, 306
583, 896
634, 300
685, 393
726, 924
778,670
768, 989
810,301
837,036
827, 723
812, 818
790,100
738,518
Fractional
currency.
$180,044
188,307
159,673
161, 082
150, 202
143, 367
157,136
127,014
128,121
111, 914
131, 062
125, 072
116, 469
117, 097
86, 360
94, 471
74,015
82, 323
68,864
85, 359
62,107
68, 556
57, 887
57,992
67, 594
69,972
54, 981
62, 697
72, 667
59, 934
53,666
59, 443
65, 559
61,165
52, 796
51,748
53.159
20, 468
24,311
22, 962
28, 515
31, 587
18, 696
17, 253
16, 582
22, 061
18,330
12, 025
17,754
19, 482
10, 641
8,458
8,498
5,640
6,344
7,101
10, 500
6,796
8,176
5,861
4,658
5,669
8,448
5, 804
4,576
5,874
6,222
3,455
4,719
6,007
5, 979
6,380
7,027
6,064
6,618
7,105
5,071
3,860
4,393
Deposits
in national
banks.
B o n d s and
interest
paid.
$50, 583, 814
60, 645, 896
70, 481,167
75, 661, 403
55, 539, 483
39, 260, 04553, 205, 309
166, 351,141
249, 586, 805
226, 681, 802
260,793, 980
279, 544, 645
201, 685, 892
97, 090, 074
35, 991, 267
17, 341, 225
12, 379, 586
11, 358, 053
11, 732; 314
10, 830, 840
10, 091, 245
10, 266, 886
10, 081, 517
11,341,615
11,124, 543
9, 750,951
11, 869, 799
12,127, 016
12, 217, 574
11, 670,200
12, 901, 607
11,145, 848
11, 957, 342
11,803,965
12,445,776
12, 650, 049
11,788,888
13, 292, 918
12, 211, 613
13, 412, 848
13, 209, 524
12, 789, 554
13,268, 098
11, 861,169
13, 090, 913
12, 026, 315
12, 388, 665
13, 890,135
11, 258, 965
12,726,473
12, 861, 245
12,841,900
12. 709, 660
12; 622, 797
13,736,100
12, 969, 633
14, 671, 846
13,535,801
.14, 781, 996
14, 641, 539
14, 536, 551
14, 220,132
13, 369, 867
12,845,124
11,871,823
13, 844, 835
13, 313, 080
13, 726, 462
13, 375, 510
12, 866, 701
12, 048, 744
13,832,997
1.2, 817, 761
13, 970,421
13. 578, 469
12, 499, 929
15, 742, 440
13,559, 034
13,144,037
$4, 979,188
1, 429, 085
560, 281
637, 645
4, 225, 731
13, 808, 644
16, 940, 826
9, 362, 346
5, 301, 201
2, 330, 265
2, 015,118
6,405, 752
3,105,352
913,331
833, 471
263, 832
407,440
146, 683
6, 842, 682
445,900
3, 749, 969
6, 397, 039
3, 514, 280
3,313,750
406, 989
3, 045, 707
2, 904, 219
1, 255, 314
2, 642, 730
434,566
7,570,179
009, 349
5, 742, 209
3,467,072
438, 535
3, 317, 392
7, 296,189
5, 880, 578
255, 208
2, 312, 894
495,390
1,741,671
8,193, 526
1,134,800
417, 451
262, 945
• 543,761
307, 314
116,760
708, 402
624, 927
6,817,147
13,325,822
30,113, 952
29, 023, 643
19,357,309
296,367
4,463,202
336, 863
231, 528
90, 615
388, 083
225, 288
204,764
465,245
• 57,873
399, 840
428,646
168, 384
248, 979
408,100
326, 222
66, 883
211, 934
114, 098
182, 334
387, 895
149, 275
293, 654
Total.
$57, 004, 760
63,601,421
72, 599, 708
77, 871, 029
61, 350,451
54, 652, 549
71, 696, 807
177, 274, 484
256, 467, 745
230, 605, 004
264, 442, 687
287, 600,153
206, 449, 599
99, 675, 688
38, 475, 525
19, 220,702
14, 333, 305
13, 018, 537
20, 020,178
12, 703, 861
15, 259, 949
18, 058, 710
14, 952,119
15, 959, 558
12, 831, 848
14,051,291
15, 974, 037
14,508,793
15, 925, 000
13,098,743
21, 376, 308
12, 616, 055
18, 532, 553
16, 059, 974
13, 662, 245
16, 736, 231
19, 924, 242
19, 857, 904
13,102, 988
16, 305,128
14, 221,197
14, 987, 022
21, 875, 695
13, 422, 316
13,932, 061
12, 723, 589
13, 382, 761
14, 661, 280
11,842, 551
13, 920,473
13,979, 775
20,172, 836
26, 536, 234
43,233, 314
43, 260, 987
32, 845,467
15,511,578
18, 511, 785
15, 655, 301
15,436, 253
15,205, 995
15,130, 922
14,123, 297
13, 576, 392
12, 860, 399
14,431, 015
14, 253, 448
14, 742, 459
14,182, 913
13, 807, 080
13,189, 747
14, 944, 269
13,660,660
14, 998, 720
14,536,221
13, 517, 091
16, 948. 224
14, 502, 269
14,180, 602
59
TEEASUEEE.
No.
2 6 . — A S S E T S O F T H E T R E A S U R Y OTHER THAN GOLD, SILVER, N O T E S , AND
CERTIFICATES AT T H E END O F EACH MONTH, FROM J U N E , 1878—Continued.
Fractional
currency.
Month.
1885—January...
Februa'ry .
March
April
May
June
July
Augast . . .
September
October . . .
Noveraber.
December.
1886—January .•..
February .
March
April
May
June
July
A u g u s t .. Septem b e r
October . . .
Noveraber.
Decera b e r .
1887—January...
Februa'ry .
March
April
May
June
July
August .-.
Septeraber.
October . . .
Noveraber.
December .
1888—January...
February .
March..'...
April
May
June
July
August . . .
Septeraber
October.. • Noveraber.
Deceraber .
1889—J a n u a r y . . .
February .
March
April
May
June
July:
August...
Septeraber
October . . .
November.
Deceraber .
1890—January...
February..
March
April
May
June
July
August ...
September.
October . . .
November.
December.
1891—January...
February .
March
April
May
Juiie
July
$797,888
834,078
876, 052
893, 548
896,116
868, 466
857, 072
847, 054
796, 852
719, 831
616,171
526, 845
531,949
531, 326
515, 344
496, 392
455, 453
377, 814
343,292
322, 662
295,294
235, 421
163, 585
131, 422
106, 903
113, 243
151, 059
137, 582
143,571
116, 699
112,740
110, 800
110, 611
51, 401
50, 270
55, 761
113, 617
165, 857
186, 549
148,160
143, 389
112, 036
133,754
130, 447
107,125
90, 415
71,131
78, 338
143,168
186, 249
229, 229
223, 907
210, 422
225, 075
245, 556
'264, 420
233, 497
154, 730
102,397
83, 775
177, 396
212,560
233.254
222, 984
206, 773
196, 782
206, 894
219, 372
204, 547
176,596
150,013
163, 887
275,973
345,454
344,848
338,099
314, 560
324, 396
366, 960
$3,182
3.757
3,478
3,536
3,629
3, 286
1,367
2,075
2,502
2,305
1.631
2,923
5,127
1,189
2,780
994
1,992
2,667
2,645
3,064
3,517
4,058
4,201
5,377
3,500
3,516
2,210
2, 922
2,064
2,366
1,821
552
452
1,373
1,780
796
1,016
1,321
984
954
1,446
1,358
1,715
709
1,810
416
1, 481
480
879
1,209
708
786
627
987
1,428
916
1,691
1,881
661
999
1,337
121
220
697
871
260
934
1,177
599
191
151
1,429
655
817
1,416
424
678
911
996
Deposits
in n a t i o n a l
banks.
$13,491
13,665,
12, i
13,951,
13,643,
12, 928,
13,482,
13, 495,
12, 050,
13, 595,
13, 595:
12, 901,
14,162,
14, 813,
13, 834,
15,129,
15, 233,
' 14,435,
15, 694,
15, 439,
14, 413,
16, 266,
10, 720,
18,133.
19, 053,
19, 726:
19, 919
20, 747,
22, 802,
22, 991,
23, 493,
25, 923,
25,438.
31,767,
42,428,
52,199:
59, 372,
61, 546,
61, 23i:
61,921,
60, 075,
59, 979,
59, 681,
59, 091,
57, 317,
54,°480.
51, 925,
52, 390,
50,48, 818,
47, 832,
48, 669,
47,769,
47, 432.
48, 930,
48, 342,
47,746,
47, 395,
47, 372,
40, 939,
37,990,
33,178
31, 992
31,648,
31, 225,
31,693
30, 977,
30, 379
30, 297,
29.937
29,741
30, 047
29, 289,
30,125
29, 894,
29, 549
29, 545,
26,540, 839
Bonds and
interest
paid.
$462,186
$14,754, 442
259, 326
14, 762.734
51, 287
13, 740, 036
15, 216, 093
367, 720
57, 518
14, 600, 706
14, 768. 856
968,840
14, 618, 467
277,205
14, 427, 844
83, 470
88,119
12, 938,189
14,422,143
104, 456
40, 259
14, 253, 299
103,882
13, 535, 082
90, 089
14, 790, 083
129, 335
15,475, 373
14,424,370
72,114
209,834
15, 836. 506
61, 549
15, 752,158
18, 652, 806
3, 837,126
335, 317
16, 375, 469
15,860,469
94,838
14, 803, 209
91,145
16,725,325
219, 207
1, 973, 292
18, 861, 896
6,097, 831
24, 368, 553
2.54, 869
19,418, 932
109, 049
19, 952, 406
20,150, 995
84, 008
21,148, 281
260,412
23,004,380
56,172
28, 473, 594
5, 363, 227
24, 068, 646
460,818
27, 846, 449
1, 811,194
32, 352,104
6, 802, 411
33,133,118
1, 312, 866
43, 639, 069
1,158, 348
56.762, 221
4, 505, 746
275, 407
59.763, 008
61, 747,047
33, 860
61, 483, 814
64, 634
62, 218, 761
148, 353
60, 266, 996
46, 560
60, 276, 461
184, 027
60, 075, 280
258,169
59, 312, 237
89, 842
59, 363, 740
1, 937,420
56, 541, 669
1, 970, .558
52, 532,150
534, 459
52, 755, 501
286, 519
50, 939, 429
296, 260
49, 563, 211
556, 761
48,142, 819
80, 634
49,178, 348
283, 840
48, 329, 353
348,870
698,407
48, 356, 846
259,523
49, 437, 271
1, 000, 389
49, 607, 731
947. 982
48,930, 052
368, 283
47. 920, 373
601, 319
48, 077, 045
561, 608
41, 586, 234
341,109
38, 509, 953
642,725
34, 033, 710
32, 312, 879
87, 091
32, 776, 502
903, 922
31,468,070
34,428
31,916,024
25, 816
1, 612, 824
32, 798, 090
4, 536, 608
35,137, 010
34, 772, 735
4, 270, 478
3,195,124
33, 309, 599
45,556
29,937,697
30, 239, 753
27, 319
246, 733
29, 812, 404
49, 014
30,520, 820
30,826
• 30, 271, 993
86, 219
29, 974,191
29,900,843
46, 244
28,700, 419
16, 413
27,137,109
228, 314
60
REPORT ON T H E FINANCES.
N o . 26.--ASSETS OF THE TREASURY OTHER THAN GOLD, SILVER,^ NOTES, AND
CERTIFICATES AT T H E E N D OF EACH M O N T H , FROM J U N E , 1878—Continued.
Month.
1891—August . . . .
September .
October
November..
December..
1892—January—
February . .
March
April
May
June
July
August
September..
October
November..
December..
1893—January....
February . .
March
April
May
June
July
August
September .
October
November..
December..
1894—January
February . .
March
April
May
June
July
August
September .
October
November..
December . .
1895—January
February...
March
April
May
June . . . . . . .
July
August
September .
October
November..
December..
1896—January
February...
March
April
May
June
July
August
September .
October
November..
Deceraber..
1897—January
February...
March
April
May
June
July
August
September .
October
November..
December..
1898—January
February...
March
M i n o r coin. F r a c t i o n a l
currency.
$368,036
364. 597
354,112
322, 389
319, 483
365, 784
432, 488
457, 539
480, 226
474,732
460, 993
516,617
554, 019
505, 633
482,329
347,196
1
355,503
1
456,253
523, 560
545, 856
574,557
586, 594
603,903
691, 315
757, 036
859,125 •
888, 297
926, 622
938, 939
1,106,695
1, 225, 408
1, 266, 659
1,252,878
1, 251, 629
1,262,122
1,363,124
1,423,439
1, 389, 490
1,250,729
1,169,875
1,103,443
1,200,446
1,245,306
1, 209,435
1,242,261
1,124,339
1,118,923
1,181,134
1, 231, 973
1, 235, 498
1,123,511
1,029,515
1,048,616
1,081,129
1,162,765
1,147,719
1,184,625
1,181,593
1,235,506
1,159,562
1,203,848
1,219,592
1, 214, 914
1,130,896
1,105,465
1,187, 617
1,265,772
1,225,952
1,272,482
1, 319, 039
1,339,958
1, 405, 745
1, 315,110
1,228,852
1, 219, 016
1, 090,184
1, 086, 589
1,165,758
1, 255, 021 1
1, 298, 000 1
Deposits
in national
banks.
Bonds and
interest
paid.
$22,769,179
$1, 628
$54,309
871
21,137, 977 1
95, 289 '
54
20, 378,104 1
142,492
1, 814
20,144,069
38,640
19, 837, 682
178
96, 666
1,365
18, 944, 387
716, 456
592
18, 239, 292
262, 533
1, 251
17, 500,750
827,192
1,425
17, 378, 363
3,616,043
1,481
17, 605, 429
265, 584
500
16, 851, 886
23,210
757
16, 243,518
133, 263
1,110
15,742, 324
59,833
101
15,496, 513
273, 591
69 . 15, 862, 415
91,723
134
15; 569, 690
118,098
117
15, 692, 654
13, 646 1
2,223
15, 405, 998
111, 337 1
2,394
15,112,204
43,346
457
15,163,808
244, 520
733
15, 365, 529
154, 286
331
15,644, 582
22, 881
429
16, 093, 221
5,233,037
980
15, 776, 662
575,046
1,283
16, 848, 301
78, 856
1,552
16, 280, 076
72,524
1, 679
16, 458, 341
3, 073, 553
2,188
15, 799, 334
492, 849
146
15, 201, 045
14,105
667
15, 390, 396
190, 596
886
14, 926,460
168, 075
117
15, 064, 697
207, 511
184
15, 201, 386
386, 271
203
15, 484, 095
203, 395
65
16,121, 589
11,488
27
15, 913, 725
189, 280
57
15, 724, 648
182, 753
34
14, 859, 909
116,164
49
14, 915, 705
239, 765
49
15, 398, 598
160, 952
753
15, 081, 275
12, 248
39
14,829, 738
126,492
41
15, 222, 883
65, 788
44
14,991,633
23,053
1,344
15,443,885
109,538
1,771
15,303, 377
54, 234
607
15, 768, 941
14,649
982
14, 501, 071
237, 637
1,150
14, 510, 005
74, 412
1,333
14,773, 482
36,793
725
14, 256, 695
132, 255
1,268
14, 408,309
86,169
113
14, 271, 280
32,079
642
14, 803, 804
27cl, 750
979
24, 394, 557
66, 329
1,248
27, 010, 994
4i), 388
1,712
26, 698, 591
107, 005
162
20, 952, 972
143,139
137
16,857, 355
2., 938
1,110
15, 986, 914
115, 599
21
16, 619, 915
168,493
36
16,583, 237
368, 380
844
16,119, 097
304,507
980
15, 832, 895
173,102
1,224
16,159,153
20,803
1,800
16, 573, 729
175,095
82
16,456,041
14), 962
1,078
16, 623, 397
40, 812
1,295
16, 710, 465
111, 577
1, 579
16,752,102
56, 836
694
17,631,291
197, 010
848
17, 215,101
132,129
148
16, 661, 579
138,815
1,270
17, 438, 713
45,047
1,508
17,159, 616
109,616
169
37,744,217
72,681
165
49,182, 717
29,288
930
40, 091, 626
79, 886
1,024
31,782, 507
45,451
31
31, 320, 043
26, 200 1
61
TEEASUEEE.
No.
2 6 . — A S S E T S O F T H E T R E A S U R Y OTHER THAN GOLD, SILVER, NOTES, AND
CERTIFICATES AT T H E E N D O F EACH M O N T H , FROM J U N E , 1878—Continued.
Month.
Minor coin
1898—April
May
June
July
August . . .
Septeraber
October . . .
November.
December.
1899—January . .
February .
March . ' . . .
April
May
Juiie
July
August . . .
Septeraber
October...
Noveraber.
December.
1900—January . .
February .
March
April
May
June
July
August . . .
September
$1, 353,643
1, 400, 640
1, 300, 224
1,303,796
1, 205, 793
998,719
835.925
589, 514
- 337,755
597, 032
563, 632
445, 061
377.926
314, 329
244,104
237.162
196, 738
154,754
138, 889
435, 788
317,321
. 484,209
483,425
499, 696
481,587
436, 640
440,069
461,732
498, 805
464, 762
Fractional
currency.
1,054
37
1,143
23
751
.952
1,114
1,517
35
• 47
31
976
57
67
69
58
73
69
776
68
72
74
98
146
96
194
125
50
141
Deposits
in national
banks.
$29, 049,465
28, 239, 359
38,795, 631
58,266,018
65,968, 467
80, 888, 712
95,014, 970
94,641,001
94,860, 916
88, 985, 327
85,144, 619
88, 540, 739
85.170, 595
81, 760, 279
79.171, 929
77, 716, 442
80, 951, 454
83,183, 764
82,050,939
82, 209, 600
87, 303,173
107, 936, 649
111, 793, 546
110, 642,115
110, 851, 902
111,322,418
101,879,520
96,584,698
96, 064, 261
96, 997, 212
Bonds and
interest
paid.
$103,479
166,645
37, 926
186,130
107, 919
638, 543
714,466
202,472
35, 668
83,327
82, 823
31,301
132, 568
75,016
31,189
86, 445
240, 618
593,522
1,767,325
8, 211, 602
564, 043
54,193
180, 627
70,037
34,274
87, 439
16, 945
40, 790
47,817
24,506
Total.
$30, 507, 396
29,807, 698
40,133, 818
59,757, 087
67, 282, 202
82, 526, 725
96, 566, 313
95, 434,101
95, 235, 856
89, 665, 721
85,791,121
89,017,132
85,682, 065
82,149, 681
79,447, 289
78, 040,118
81, 388, 868
83,932,113
83, 957, 222
90, 857, 766
88,184, 605
108, 475,123
112, 457, 672
111,211,946
111,367,909
111,846,593
102, 336, 728
97,087, 345
96, 610, 933
97,486, 621
N o . 2 7 . — A S S E T S OF T H E TREASURY AT T H E END OF EACH M O N T H , FROM J U N E , 1878.
Month.
1878—June
July
August...
September
October...
Noveraber
December.
1879—January . .
February .
March
April.....
May
Juue
July
A u g u s t . -.
Septeraber
October...
Noveraber
Deceraber.
1880—January . .
February .
March....
April
May
June
July
August.. Septeraber
October...
Noveraber
Deceraber.
1881—January . .
February .
March....
April
May . . . . . :
Juiie
July
August...
Gold.
Silver.
Notes.
$128,460,203 $21, 920, 334 $84,810,044
132, 014, 620
24, 295, 663 91,225,403
134, 548, 036
26, 753, 730 90,121,083
136, 036, 302
27, 933,142 82, 310,104
140, 872,154
28, 072, 745 80, 546, 055
142,400,135
31, 012, 544 81,711,248
135, 382, 640
32,176, 095 78,051, 667
133, 756, 907
34, 365, 796 83, 398, 902
133,265,559
35, 621, 661 91,403,198
133,4.16,126
36, 675, 340 81, 372, 221
134,520,140
37, 265, 549 78, 207, 019
136,680,260
38, 667, 290 92, 212, 228
135, 236, 475
42,143, 318 82, 678, 605
135, 517,483
46, 995,791 70, 979, 911
141, 546. 390 50, 819,800 75, 736, 261
169, 606; 995 52,931, 683 52,494, 556
171, 517, 714 53, 615, .845 41,180, 735
160,443, 437 55, 594, 783 33,181,731
157, 790, 322 56, 542,114 25, 903, 202
153,690,027
60, 054, 457 31,185, 528
146, 750, 758 62, 676, 711 30, 392, 077
144, 010, .551 64, 856, 996 27, 686, 445
138, 783, 440 68,186, 677 32, 062, 329
128,709, 496 71,208,870
39,816,528
126,145, 427 73, 900, 333 40,110, 809
123,126, 646 77, 250,153 41, 336, 919
127, 679, 280 79, 028, 293 35, 985, 755
135,244, 833 78, 012, 360 30, 724, 053
140, 725, 953 77,757,316
26, 616, 217.
151,362,519
78, 306, 373 23, 277, 566
156, 742, 096 79,142, 799 19, 984, 646
1.54,544,209
82,430, 214 25, 524, 026
173, 038, 253 84,108, 826 26, 351, 496
173, 668,163 85, 477, 820 25, 660, 042
170, 319, 754 88,402, 022 28, 915, 345
163, 770,159 90, 817, 423 34, 706,491
163,171, 661 93,102, 368 35, 500, 474
154, 911, 475 94, 504, 067 35,157, 618
169,495, 522 95, 724, 014 33, 594,410
Certificates.
$21, 494, 840
21, 278, 360
26, 678,820
12,054, 390
12, 721, 080
13, 872, 580
3, 984, 190
3, 469, 860
11,801,540
4, 705, 570
2, 981, 480
3, 111, 400
3, 636, 350
2, 648, 480
3, 056, 960
5, 087, 830
7, 059, 879
6, 041, 928
6, 054, 618
5, 339, 556
5, 794, 614
6, 398, 414
5, 777,154
6, 962, 531
6, 985, 401
6, 380, 931
5, 660, 621
6, 440; 369
7,490,519
8, 666,414
9, 609, 919
10, 035, 663
11, 493.543
11,115,985
11,563.008
12,025,030
12, 354, 201
11, 397, 788
11, 695, 232
Other.
Total.
$57,004, 760 $313, 690,181
63,601,421
332,415. 467
72, 599, 708 350, 701, 377
336,204,967
77,871,029
61, 350, 451 323, 562, 485
54, 652, 549 323, 649, 056
71, 696, 807 321, 291, 399
177, 274,484 432, 265, 949
256, 467,745 528,559, 703
230, 605, 004 486, 774, 261
264, 442, 687 517,416,875
287, 600,153 558, 271, 331
206, 449, 599 470,144,347
99, 675, 688 355, 817, 353
38, 475, 525 . 309, 634, 936
19, 220, 702 299, 341, 766
14, 333, 305 287, 707, 478
268,280,416
13,018,537
20, 020,178 266, 310, 434
12, 703, 861 262, 973, 429
260, 874,109
15,259,949
18, 058, 710 261,011,116
.14, 952,119 259,761,719
15, 959, 558 262, 656, 983
12, 831,848 259, 973, 818
14, 051, 291 262,145, 940
15, 974, 037 264,327, 986
14,508, 793 264, 930, 408
15, 925, 000 268, 515, 005
13, 098,743 274,711,615
21, 376, 308 286, 855, 768
12, 616. 655 285,150, 767
18, 532; 553 313, 524, 671
16, 059, 974 311,981,984
13, 662, 245 312, 862, 974
16, 736, 231 318, 055, 334
19, 924, 242 324, 052, 946
19,857, 904 315,828,852
13,102,988
323,612,166
62
No.
REPORT
ON T H E
FINANCES.
2'?'.—ASSETS OF THE TREASURY AT THE END OF EACH MONTH, FROM J U N E ,
1878—Continued.
Gold.
Month.
1881—September.
October
November .
December..
1882—January —
F e b r u a r y ..
March
April
May
June
July
August
SeptemberOctober
Noveraber .
December..
1883—January —
February ..
March .."—
April
,
May
June
July
August
Septeraber .
October
November.
December..
1884—January . . .
February.March
April
May
June
July
August
Septeraber.
October
Noveraber .
December..
1885—January . . .
February..
March
April
May
June
July
August
September.
October
November .
December..
1886—Jauuary . . .
F e b r u a r y ..
March
April
May
Julie
July
August
September.
October
November .
December..
1887—January . . .
F eabrrcu a. r 'y .
M
h .
April.
May
Juue
July
August
September.
October
November .
December..
8—January . . .
February..
March
April
Silver.
Notes.
Cerlificates.
Other.
Total.
,330 $16, 305,128 $329, 165, 301
$174, 361, 345 $95, 037, 966 $31, 681, 532 $11, 779,
,600
14, 221,197
172, 989, 829
95, 985, 641
7, 527,
321, 745, 583
31, 021 316
,180
14, 987, 022 328, 347, 303
178, 225. 304
97, 024, 414
7,153,
30, 957, 383
I
,
172. 617,468
99,161, 408
6,409, 910 21, 875, 695 331, 734, 972
31, 670,491
1,030
13, 422, 316 324, 455, 907
165, 152, 789 102, 248, 383
36, 092, 389
7, 540,
1,270
13, 932, 661 336, 361, 872
173, 757,874 104, 815, 006
35,186, 061
8, 670,
,930
166, 457,357 109, 806, 926
9,146,
12, 723, 589 331, 022, 294
32, 887, 492
1,790
155, 069,102 112,273,273
8, 998,
34, 808, 033
13, .382, 761 324, 531, 959
,660
153, 985, 546 116,155, 630
10, 776,
14, 661, 280 334, 936, 051
39, 356, 935
,720
148, ,506, 390 118, 433, 355 40, 947, 836
11, 842, 551 331, 403, 852
11, 673,
1,990
145, 079, 030 119, 811,125
13. 920, 473 335, 081, 619
43, 398, 001
12,872,
,
149, 303, 921 121,887,353
43,171 383
11, 885, 330 13, 979, 775 340, 227, 762
152, 739,107 122, 998, 354 38, 776, 944
20,172, 836
343, 181, 671
8,494,430
159, 805,743 123,176, 912
26, 536, 234 368, 665, 567
36, 059,248
23, 08' ,430
, 240 43, 233, 314 389, 370, 986
164, 267, 584 123, 254, 346 36, 902,502
21,713,
1,030
171, 504, 568 125, 006, 727 34, 986, 416
43, 260, 987 404, 278, 728
29, 520,
,950
173, 317,835 128, 428,172
32, 845, 467 408, 143, 952
29, 473,
44, 078, 528
177, 661, 631 131,742,834
15,511,578
402, 197, 207
39, 506, 344
37, 774,820
,
184, 752,714 135, 291, 766 34, 077, 696
411, 274, 511
38, 640, 550 18,511,785
,680
187, 837, 442 137,913,727
37, 312, 638 ' 41,877,
15, 655, 301 420, 596, 788
1,940
193, 310,043 141,359, 391
15,436,253
424, 129, 023
41, 833, 396
32,189,
1,415
198, 078, 568 144, 882, 236 44, 71.5,901
15, 205, 995 441, 765, 115
38, 882,
,170
202, 774,035 145, 601, 832 45, 975, 646
15,130, 922
38,951
448, 433, 605
1,020
204, 172, 975 146,834,468
14,123, 297
43,811 568. 45,812,
454, 754, 328
1,580
206, 130,543 146, 445, 444 43, 212, 130
43,123,
13, 576, 392 452, 488, 089
1,520
209, 429,940 147, 685, 239 43, 541, 217
45, 572,
12, 860, 399 459, 089, 315
216, 133, 328 .149. 362, 859 46, 945 118
40,941,,910
14,431,615
467 814, 830
,670
219, 014,739 151, 207, 884 48, 600, 069
40, 707,
14, 253, 448 473 783, 810
,020
221, 813,356 156,163,596
37,01.2,
14, 742, 459 486, 634, 365
56, 902, 934
M70
508
221, 881,633 160, 233, 219 57, 857. 573
44, 580.
14,182,
,835 13, 807, 913 498, 735, 922
211, 071, 507 162, 916, 482 53,767. 018
56, 432:
080 497 994,
565
196, 325, 626 164. 623, 388 55, 716, 159
13,189, 747
r,645
65, 396.
495, 251, 794
201, 132, 388 166, 627,117
14,944,269
46, 265, 620
59, 643,
488, 612, 881
,400
204, 876, 594 169,217,134
13, 660, 660 487, 573, 622
.50, 825,
>,100
210, 539,551 172, 093, 215 48, 993, 793
14, 998, 720 502 745, 855
53, 257, 326
51, 856,
,810
214, 483,657 174,998,145
14, 536, 221 513 230, 746
52, 457 622
56,755,,210
217, 904,042 176,467, 353
47,603 830
13, 517, 091 51.6 123, 110
60, 631, 430
222, 530, 360 170,919,979
16,948, 224
63, 377,720
523 896, 804
231, 389.361 178, 667, 207 44,113, 827
42, 726, 317
55,772,,650
14, 502, 269 523 057, 409
234, 975, 852 180,413,276
49, 806,
46. 829, 569
,,110
14,180, 602
526 205, 415
237, 167,975 185,146, 841
,
544, 590, 323
49, 682, 040 14,754, 442
240, 029,843 187, 796, 973 57, 839. 117
,810
14, 762,734
70, 758,
572 049, 968
241, 440,797 191, 218, 302 58, 700. 963
,605
53, 996,228
69, 556,
13, 740, 086 569 951, 338
243, 162,195
1,430
60, 816,
15, 216, 093 568 608, 749
244, 303, 543 194, 427, 270 54, 986,3,50
14, 600, 706 567 486, 578
50, 261,940
247, 028, 625 198, 037, 364 60, 223 196
,
52,164, 110 14,768, 856
569 643, 295
249, 367,596 200, 688, 897 54, 993, 090
,300
14, 618, 467 574 209, 844
195, 799, 805 56, 500, 127
57, 923,
250, 257, 41.8
,120
14,427,844
60, 014,
583 258, Oil
251, 251,114 195, 344, 698 63, 214, 764
,230
12,938,189
54, 667,
569 224, 852
251, 359, 349 193, 041, 738 57, 325,740
,364
14,422,143
570 970, 591
251, 945, 578 190, 623, 414 51,133 582 I 63, 432,
,432
14,253 299
197, 072, 283 49, 065,999
66, 737,
579 074, 911
253, 351, 410
,790
65, 779,
47, 078, 967
13, 535, 082 577 056, 728
251, 371,561 197,311,662
',476
201,756,162
57,841, 446
58, 299,
14, 790, 083 584 058, 669
249, 801,088
,670
55,158, 626
68, 893;
15, 475, 373 592 558, 455
242, 155,168 203,229,912
1,502
80, 048,
14, 424, 370 588 029, 252
240, 580, 533 205, 794, 727 45, 606, 688
1,930
41,434 776
83, 762,
15, 836, 506 588 964, 910
236, 424, 734 207,349,507
209,112. 084
82,731 ,686
45, 206,248
15, 752,158
589 226, 429
232, 838,124
83, 241,320
18, 652, 806 593 135, 379
233, 651, 522 213, 250; 446 45,152, 733
80, 45' ,218
44, 836, 551
16, 375, 469 589 21,5, 133
235, 430,636 21.3,894,619
1.472
75, 775.
15, 860, 469 589 715, 114
242, 609, 018 212, 995, 389 49, 653, 167
i
,
63, 360, 310 14, 803, 209 579, 022, 800
46, 328, 845
246, 832,148 211,920,732
1,760
54. 460,
41, 300, 051
16, 725, 325 572 357, 337
254, 450,853 213,039,510
1,979
48. 886,
39, 095, 221
18,861.896
268, 128, 019 214,811,388
576 106, 019
,236
24, 368, 553 579 119, 771
35, 024,
274, 140,468 218, 906, 550 32, 691 661
,020
37, 610,004
25, 681,
275, 088,627 225,164, 347
19, 418, 932 582 014, 788
1,577
29, 972.
' 275, 985,863 229, 295, 415 36, 941 763
19, 952,406
591 250, 178
1,459
336,916 236, 913, 438 30. 853, 423
20,156, 995
36, 380,
600 290, 324
,740
21.148,281
275, 628,751 242, 814, 260 .32,056, 127
34, 072,
605 428, 213
1,522
277, 101,106 245, 986, 939 34, 684, 621
23, 004, 380 619 105, 494
37, 800,
1,513
278, 296,417 249, 378, 899 31,146, 382
28,473, 594
33, 996,
621 096, 798
1,219
281, 039, 534 250, 498, 671 31,2.35 845
22, 658,
24, 068, 646 609 757, 801
,950
282, 702,630 251,538.603
31, 642, 265
29, 424,
27, 846, 449 622 491, 592
,129
290, 544, 605 250, 033, 924 27, 083, 805
33, 224, 652 32, 352,104
633 396, 121
I,
302, 661, 279 250,326, 699
26, 634, 047
36,479:
33,133,118
649 118, 818
1,284
302, 342,187 250, 872,102
44, 708,
43, 639, 069 668 165, 165
26, 285, 084
1,964
305, 809.155 253, 206, 934 27, 328, 859
37, 479,
56, 762, 221 680 120, 461
307, 567, 827 259,157, 899
3.5, 1,727
59, 763, 008 699 051, 153
36,442, 672
,637
309, 772, 202 263, 608, 078 39, 837, 564
48, 568:
61, 747, 047
723 329, 845
,889
310, 801,287 267, 628, 530 38, 409. 410
61,483,814
49, 671,
727 965, 529
1,009
312,
271, 844, 064 44,988,
39, 269,
62, 218, 761
731 122,
63
TREASURER.
No.
2"y.—ASSETS OF T H E TREASURY AT THE END OF EACH MOIJTH, FROM J U N E , i
1878—Continued.
Month.
Gold.
$309, 882, 859
1888—May
313, 753, 617
June
326, 551,392
July...:
331, 133, 430
August
332, 551,306
September
331, 688, 233
October
328, 603, 362
Noveraber
324, 773,667
Deceraber
325, 641, 856
1889—January
326, 456,697
Februa'ry
326, 700, 939
March
328, 203, 901
April
321, 297, 377
May
303, 504, 319
June
300, 759,573
July
304, 048,189
August
305, 871, 772
Septeraber
308, 509. 615
October
310, 979, 791
November
313, 818, 941
Deceraber
316, 043, 454
1890—J a n u a r y
318, 593,752
February
320, 225, 794
March
320, 878, 411
April
321, 333, 253
May
321, 612, 424
June
316, 536, 823
July
310, 220,120
August
306, 086,471
September
294, 489, 603
October...
293, 755, 880
November .
293, 020, 214
Deceraber
297, 567,546
1891—January
296, 831, 953
February
292, 435,219
March
280, 633, 040
April
2.55, 331, 503
May
238, 518,122
June
236, 828,413
July
240, 744, 488
August
244, 974, 791
Septeraber
263, 774,741
October
271, 843,193
Noveraber
278, 846,750
Deceraber......
282, 753, 864
1892—January
282, 123,392
February
280, 144.269
March
273, 623, 456
April
271, 527, 092
May
255, 577,706
June
247,- 306, 220
July
242, 543, 695
August
240, 605,908
September
244, 261,469
October
247, 598, 466
N o v e m ber
238, 359,802
December
228, 827,532
1893—January
217, 672, 948
February
218, 378, 233
202, 283, 359
March
196, 518, 610
April
188, 455,433
May
186, 813, 962
June
176, 423,172
July
173, 209,771
Auguat
163, 274,172
September
161, 122,128
October
158, .303, 779
Noveraber
142, 665, 594
Deceraber
177, 462, 797
1894—January
176, 456, 045
February
170, 192, 458
March
148, 067, 816
April
131, 217, 434
May
120, 922,836
June
120, 885, 869
July
123, 665, 756
August
125,
September
164, 613, 896
October
139, 350, 468
November
606, 354
December
Silver.
Notes.
$275, 823, 883 $52, 861, Oil
59, 452,425
280, 550, 982
63, 249, 574
282, 899, 281
64,105, 550
284, 579, 365
59,382,270
284,176, 063
284, 627, 323
52, 561, 274
286, 511, 764
49, 944, 412
288, 927, 564
45,193,906'
294, 867, 603
48, 800, 727
298, 992, 565
48, 654, 083
303, 008, 849
42, 555, 498
307. 057, 392
42, 037, 027
310,901,379
48, 643, 474
314,818,108
50, 494, 416
317, 255, 555 51, 571, 901
318, 693, 459 53, 461, 596
318,135, 219 40, 328, 979
317,195, 592 35, 024, 916
318, 5.57, 664 29, 210, 995
321,192,506 • 20.174,280
327, 293, 628 25,408, 984
.331, 491,103 24,163,179
335, 560, 614 18, 516, 853
338,851,390
19, 946, 947
341, 845, 904 24, 037, 094
346, 714, 586 27, 985, 957
348, 737, 694 28, 749, 771
350,762, 543 26, 690. 038
350,544,535
18, 348, 301
351, 825, 627 18,407,550
355, 046,114 16, 561, 808
359, 721, 626 15. 548, 935
367, 998. 246 28, 377, 953
374,064, 649 27, 920, 224
381, 040, 794 19,237,282
386, 757, 349 23, 263,104
392, 240, 441 32.116, 827
399, 361, 974 38, 387,170
404, 422, 655 44, 023,356
407, 844, 023 49, 744, 517
409,161, 326 32, 690, 797
410,116, 968 22.117, 608
412, 898, 341 20,134, 827
416, 976, 342 19, 595, 862
424, 088, 598 28,127,
429,109, 509 38, 859, 273
414
434, 531, 000 38, 657,338
439, 013, 987
443, 429, 508 38, 031. 561
448, 083,116 43, 622,412
452, 017, 530 43, 903, 483
454, 403,173 44, 570, 385
454,725, 784 41, 024, 458
37,261,995
455,612,113
23,852,601
458,496,139
462, 369. 518 20, 655, 779
468, 040, 081 24,496, 502
472, 420, 542 38,774,191
477, 364, 392 43, 504, 642
481, 788, 691 40,248,180
486, 962, 566 42, 249, 873
492, 332, 471 43, 586, 839
494, 942, 945 36,316,599
492, 579, 409 30, 41S, 972
22,662, 292
498, 239, 085 24, 762, 432
499, 535, 480 38, 272, 360
499, 587, 603 50,904,114
500, 310, 529 .57, 691, 714
506, 745, 075 64,144, 583
508, 570, 076 77, 673, 385
510,101, 209 78, 431, 931
511,408,465
82. 774,725
512,194, 954 96, 216, 977
513,298,709 102,229, 946
513, 880, 682 109, 540, 855
513,167, 330 116, 072, 004
509,814, 353 114,529,176
506,018, 714 99. 601, 671
504, 802, 458 100, 343, 974
504, 035, 456 115, 049, 080
Certificates.
Other.
$54, 502, 533 $60, 266,996
60, 276, 461
51,490,176
53, 695, 974 60, 075, 280
52, 210,118 59, 312, 237
35, 916, 285 59,363,740
33, 958,116 56, 541, 669
46, 426, 417 52, 532,150
40, 556, 269 52, 755, 501
29, 855, 631 50,939,429
30, 800, 711 49,563,211
31, 856, 361 48,142, 819
24, 345, 263 49,178, 348
33, 825, 229 48, 329, 353
43, 003, 094 48, 356, 846
40, 351, 214 49, 437, 271
46,158, 803 49, 607, 731
46,721, 855 48, 930, 052
37, 604,196 47, 920, 373
33, 697, 264 48, 077, 045
34,139, 066 41, 586, 234
23, 796, 988 38, 509, 9.53
32,536, 212 34, 033, 710
29, 012,101 32, 312, 879
28,720, 805 32, 776, 502
31, 468, 070
32,749,143
30, 942, 668 31, 916, 024
31, 059, 378 32, 798, 090
38, 367, 591 35,137, 010
18, 091,144 34, 772,735
38, 945, 887 33,309, 599
46, 052, 095 29, 937, 697
32,961,005
30, 239, 753
23, 250, 838 29,812,404
28, 761, 985 30, 520, 820
28, 337, 707 30, 271, 993
30, 888, 617 29, 974,191
42, 097, 585 29, 906, 843
40, 382, 067 28, 700, 419
42, 383,165 27,137,1.09
45, 076,168 23,193,152
33, 242, 562 21,598,734
23, 646,179 20, 874, 762
22, 973, 478 20, 506, 912
21, 627,470 20, 254, 009
23, 793,146 20, 027,992
21, 520, 297 18, 934, 905
28, 643, 473 18, 786, 732
25, 480, 286 21, 476, 057
18, 374, 357 18, 347, 226
20, 587, 091 17, 336, 589
23; 190, 981 16, 894,155
16,357, 286
27,186,369
28, 935, 067 16,275,838
26, 039, 762 16, 436, 536
22, 689,301 16,035,118
28,493, 243 16, 061, 920
21, 263, 614 15,975,811
15, 042, 632 15, 681, 504
10, 822, 981 15, 954, 641
14,127.088
16,095,105
10, 800, 582 16, 254, 388
5, 969, 509 21, 930, 590
3,421, 824 17,044, 003
3, 507, 538 17, 685,476
6,123, 590 17, 213, 277
' 7, 943,132 20, 421, 870
5, 985, 597 17,220,993
5,154, 444 16,154, 235
6, 876, 546 16, 688, 354
7, 048, 747 16, 320, 829
9, 252, 550 16, 538,984
9, 610, 294 16,840, 719
9, 864,195 16, 939, 322
10,397,613
17, 395, 264
12, 391, 236 17, 466,156
17,330,897
14,247,257
16,365, 597
9,761,045
6, 905, 483 16, 406,248
6, 913,790 16,729, 474
7, 865, 680 16,197,719
Total.
$753,337, 282
765, 523, 661
786, 471, 501
791, 340, 700
771, 389, 664
759, 376, 615
764,018,105
752,206, 907
750,105, 246
754, 467,267
752,264,466
750, 821, 931
762, 996, 812
760.176, 783
759, 375, 514
771, 969, 778
759, 987, 877
746, 254, 692
740, 522, 759
730, 911, 027
731, 053, 007
740, 817, 956
735, 628, 241
741,174, 055
751, 433, 464
759,171, 659
757,881,756
761.177, 302
727, 843,186
736, 978, 266
741, 353, 594
731, 491, 533
747, 006, 987
758,105, 631
751, 322, 995
751, 516, 301
751,693,199
745, 349, 752
754, 794, 698
766, 602, 348
741, 668, 210
740,530, 258
748, 356, 751
757, 300,433
778, 790, 873
790, 547, 517
800, 762, 812
797, 625, 347
795, 300; 595
785, 487, 985
783, 979, 271
781, 514, 981
777, 804, 592
766, 202,481
765. 474, 803
769, 780, 985
772, 881, 229
764, 322, 268
762, 768, 427
756,544,116
754,122, 985
745, 004, 602
732, 641, 706
712, 857, 887
719, 548,155
729, 447, 014
734, 820,435
737, 614, 701
737,120,152
787, 075, 834
790, 780, 719
790, 826, 661
783,283, 264
774, 538, 966
774, 201,765
781, 703, 357
774,135, 927
754, 546, 012
793,140,164
782,754,289
64
' ISo.
REPORT ON T H E F I N A N C E S .
2*7.—ASSETS O F T H E T R E A S U R Y AT T H E E N D OF EACH MONTH, FROM J U N E ,
1878—Continued.
Gold.
Month.
1895—January
February...
March
April
May
Juiie
July...
August
September..
October
Noveraber . .
December...
1896—January
February . . .
March
April
May
June
July
August
September..
October
November . .
Deceraber...
1897—January
Februa'ry...
March
April
May
June
July
August
Septera b e r . .
October
Novera b e r . .
December . .
1898—January
February...
March
April
May
June
July
August
Septeraber..
October
Noveraber . .
Deceraber . .
1899—January
]Februai:y...
March
April
May
June
July
August
September..
October
November . .
Deceraber...
1900—January . . . .
February...
March
April
May
June
July
August
Septeraber..
Silver.
Notes.
Certificates.
Other.
Total.
353, 776 |$507, 087, 384|.$129, 586,164 $11, 286, 292 $16,156, 715 $761, 470, 331
7,801,189
16, 534, 018 798, 090, 903
138, 593, 280 508,859, 908 126, 302, 508
8,199, 408 16, 224,165 797, 237, 588
139, 486, 496 510, 259, 880 123, 067, 639
7, 842, 873 16, 797, 028 787, 442, 336
139, 998,154 510,813,574 111, 990, 707
797, 473, 756
6, 984,723 16,483,721
147, 690,978 511, 582, 651 114. 731, 683
811, 061,686
9, 601,142 16,903,120
155, 893,932 512,338,751 116, 324, 741
15, 920, 824 807, 397,832
155, 3.54, 066 512, 746,150 112,460,076
10,916,716
149, 410, 926 511,447,345 141, 803, 472
8, 481, 063 15, 817,540 826, 960,346
143, 557,513 507, 677, 525 148, 966, 229 11,641,037
16, 047,106 827, 889,410
143, 360, 839 503,083,139 140,783, 949
9, 396, 498 15, 513,186 812, 137,611
129, 567,945 502,164, 742 142, 483, 223 11,379,521
15, 525, 261 801, 120, 692
113, 198, 707 501,460, 555 144, 932, 791 12, 634, 306 15,352, 088 787, 578, 447
99, 693,357 505,421,819 138,447,921
14, 831, 305 16,159, 325 774, 553, 727
858, 811,831
167, 695, 999 507, 265,460 145,497,711
12, 728, 031 25,624,630
171, 885,710 508,930,744 153,855,846
12, 096, 298 28, 200, 349 874, 968, 947
168, 446, 459 510,586,117 149,067, 048 12,708,001
27, 991, 933 868, 799, 558
151, 307,143 512,199, 837 164, 425,420 11, 556,704 22, 277, 866 861, 766, 970
144, 020, 364 513, 398, 714 166, 364,197 12, 007, 425 18.114, 936 853, 905,636
150, 012,225 514, 610,147 155, 598, 648 14, 379, 543 17, 263,185 851, 863, 748
849, 388, 746
139, 825,200 513,647,701 164,010, 408 13, 913,160 17,992,277
162, 771,311 510, 644, 845 146, 008, 443 12,046, 930 18,171, 245 849, 642, 774
155, 323, 833 509, 058, 742 141, 982, 074 12, 672, 212 17, 639, 362 836, 676,223
169, 527,102 509, 680, 450 126, 568, 383 13, 047, 773 17,137, 873 835, 961, 581
175, 203, 983 509,615, 585 135, 237, 287 16,120, 054 17, 286, 645 853, 463,554
182, 387,122 513,736,349 131,188,067
17, 938, 241 858, 553,910
13,304,131
186, 206, 028 515,659,266 132, 956, 043 11,647,973
17, 868, 857 864, 338,167
875, 239,759
189, 242, 803 517, 048, 212 136, 428, 804 14, 628, 701 17,891,239
190, 762,889 518, 496,110 132, 061. 583 17, 330, 255 18, 095, 819 876, 746, 656
181, 707,391 519, 764, 958 134, 082, 885 13, 812, 036 18,129, 556 867, 496, 826
871,
178, 076, 657 520, 793, 923 134, 090, 440 19,259, 386 19,168,953
389, 359
178, 044;578 521, 734,140 132, 330, 248 17, 099,144 18, 753, 823 867, 961, 933
181, 234,165 519, 368, 486 126, 293, 517 13,133, 547 18.115, 652 858, 145, 367
184, 561,664 513, 481,747 120, 218, 524 13, 392, 815 18,713, 882 850, 368,632
831,
190, 387,257 509, 351, 944 100, 235, 355 13,205,645
18,489, 756 846, 669,9.57
194, 089, 260 507, 656,383 92, 292, 905
409,076
38, 907, 251
197, 469,236 507, 291, 684 92, 291, 319 13, 463, 277 50, 298, 759 861, 391, 370
14, 040, 372
853,
200, 731.552 510,676,160
83, 855,143 16, 596, 954 41, 338, 200 856, 198, 009
204, 063, 971 511,858,835
33, 084, 003 853, 571, 768
139, 522
210, 903,334 512, 432, 535 92, 020, 768 15,425, 437 32,644,274
86,
11,797,556
831, 798,^407
217, 190,136
512, 894, 283 64, 463, 969
6, 062, 080 30, 507, 396 821, 117, 864
207, 701,264
61, 319,188
8,170,179
29, 807, 698 835, 070,3G9
202, 825,049 514,072,040
460, 569
861
225, 138, 393 515, 029, 907 67, 420, 979 10, 056, 934 40,133, 818 890, 069, 963
77,797,
12,496, 538 59, 757, 087 927,
253, 377, 494 514,879,966
513, 400, 895 83, 040, 785 10, 043, 271 67, 282, 202 940, 144, 647
278, 691,452
60, 555,113
9, 053, 659 82, 526,725 933, 135,523
275, 224,072 509, 308. 574 46, 302, 068
9, 227,169 96,566,313
926, 249, 397
276, 944,092 505, 929, 775 41, 032, 512
8, 415, 758 95, 434,101 930, 117,182
281, 729,434 504,290,719
41,325,958
8,927,249
95, 235, 856 911, 431. 351
261, 692, 280 503,212.854
9, 323, 880 89, 665, 721 908, 969, 026
264, 091,477 506, 512, 553 44, 774, 592
43, 391, 798 . 7,544,689 85,791,121
919, 350,972
278, 306, 355 507, 531, 887
5, 947,678 89, 017,132 917, 562, 087
278, 985, 254 506, 376, 982 39, 913, 940
5,349,055
85, 682, 065 898, 165,517
261, 201, 428 507, 646, 792 39, 502, 351
6, 067, 502 82,149, 681 907, 067,064
40, 538, 281
273, 393, 480 508,110,172
6, 327, 711 79,447, 289 909, 961,138
277, 848,323 508, 228, 226 40, 564,432
5, 696, 839 78,040,118
962, 012, 812
317, 446, 961 507, 579. 673 39, 847, 859
353, 002,380 505, 059, 814 41, 048, 651 17, 435,589 81, 388, 868 1,0.15,379, 883
36, 576, 963 42,101,183 .83,932,113 1, 025,241,088
379, 817, 315 499,628,449
390, 653,107 496, 499, 279 34, 350,167 30, 531, 865 83, 957, 223 1,043, 155,849
398, 032, 027 496, 728, 873 34, 459, 922 30, 428, 621 90, 857, 766 1, 048,128,289
403, 496, 506 497, 200, 739 34, 073,160 30, 515, 510 88,184, 606 1, 083,006, 042
413, 491, 673 502, 043, 317 37, 218, 226 32,195, 389 108, 475,124 1,097, 428, 562
422, 000, 915 501,772,166
33, 369, 070 36, 366, 459 112,457,672 1,108, 457, 040
426, 989, 371 502, 582, 324 28, 480, 027 44,104, 569 111,211,948 1,102, 379, 783
008,129
422, 906, 844 504, 271, 752 25, 995, 535 33, 383, 560 111,367,911
421, 112, 654 505, 432, 661 31,243,497
32, 832, 231 111,846,593 1.104, 261,826
431, 170,785 506, 964,447 40, 325, 297 34, 757, 363 102, 336, 729 1.105,496,490
428, 652, 338 508. 303,727
38, 459. 851 29,992, 476 97, 087, 346 1,105, 014,185
439, 241, 511 506, 756, 909 38, 898,196 33, 923, 583 96, 610, 934 1,104, 841.960
501, 747, 657 31, 368, 312 35, 603, 595 97, 486, 622 1,105, 447, 697
65
TEEASUEEE.
N o . 28.—LIABILITIES
OF THE TREASURY AT THE END OF EACH M O N T H , FROM
J U N E , 1878. .
Month.
1878—June
,
July
August
Septeiuber..
October
Noveraber..
Deceraber...
1879—January ..'..
February..
March
April
May
June
July
August
September.,
October
November..
December...
1880—January —
February..
March
April
May
June
July
August
Septeraber..
October
Novem ber.
December..
1881—January —
February...
March
,
April
,
May
June
July
August
September.
October
November.
December..
1882—January . . .
February . .
March
April
May
June
July
August
September.
October
November.
Deceraber..
1883—January . . .
February..
March
April
May
June
July
August
Septeraber.
October
Noveraber.
December..
1884—January...
February ..
March.....
April
May
June
July
August
Septeraber.
October
Noveraber.
December..
1885—January...
February..
March..'...
FI 1900
Certificates
and notes.
Agency
account.
Balance.
644, 600 $32, 537, 659 $188, 507, 922
35, 053, 964
97, 211,030
200,150, 473
34, 936, 877
93, 425, 280
222, 339, 220
37, 045, 389
75, 744, 670
223,414,908
71, 356, 350
218, 328, 865
33, 877, 270
73, 426, 420
215, 333, 472
34, 889,164
58, 776, 830
227, 740, 294
34, 774, 275
61, 397,880
336, 449, 862
34, 418, 207
65, 187,680
428, 961, 460
34, 410,563
46, 356, 230
405, 411, 570
35, 006, 461
49, 794,620
432,746, 833
34, 875, 422
44, 815, 660
475, 663, 096
37, 792, 575
48, 685, 650
379,542, 919
41, 915, 778
58, 866, 550
245, 608, 019
51, 342, 784
53, 745,550
212,035,932
43, 853, 454
50, 347, 750
46, 036, 441
202, 957, 575
43, 236, 850
41, 058, 916
203, 411, 712
34, 717,110
40, 415, 539
193,147, 767
31, 565, 010
192,297,126
42, 448, 298
32, 364,010
40, 605, 647
190, 003, 772
31, 217, 520
40, 696, 000
188, 960, 589
28, 979, 420
193, 084, 807
38, 946, 889
29, 434, 320
38, 537, 726
191, 789, 673
33, 674.370
34, 983, 917
193, 998, 696
34, 973,870
36, 329, 064
188, 670, 884
36, 238,890
39,716,721
186,190, 329
32, 145, 940
42,568,448
189, 613, 598
36, 008. 660
42,119, 557
186,802,191
43, 343, 460
44,129,108
181, 042,437
51, 002, 780
180, 921, 571
42, 787, 264
59, 246, 010
43, 255, 230
184, 354, 528
61, 971,700
42, 330, 764
180, 848, 303
62, 390, 740
43, 034, 629 208, 099, 302
63, 155, 700
43, 034, 510 205, 791, 774
64, 937, 740
43, 303, 030 204, 622, 204
67, 545, 850
46, 365,157 204,144, 327
68, 874,450
41,542,673
213, 635, 823
68, 473,800
45, 810, 619 201, 544, 433
72, 604, 230
199, 900,146
51,107,790
77, 713, 830
204, 520, 280
46,931,191
79, 845, 590
50, Oil, 857 191, 888,136
80, 916, 750
53, 623, 934 193, 806, 619
83, 453, 350
48, 667,189 199, 614, 433
85, 587,790
48, 334, 870 190, 533, 247
85, 412, 600
53, 782, 938 197,166, 334
84, 662, 290
48, 222, 573 198,137,431
83, 968,480
46,512, 999
194, 050, 480
85, 121,640
57, 952, 635 191,861,776
84, 453, 830
51,057,603
195,892, 419
84, 867,150
.56,021,499
194,192, 970
86, 432,250
58, 325, 898 195,469,614
87,
146, 650'
57,493, 848 198, 541,173
109,
118, 913,150 . 55,110,116 203,642, 301
63, 512, 033 207, 509, 753
147, 349, 200
52, 255, 919 204, 969, 309
158, 053, 500
012, 410
50, 086, 022 200, 045, 520
159,
56, 492,109
186,218,388
162, 486, 710
310, 051
57, 410, 902 191, 553,558
172,
62, 831, 269 185, 555, 568
175, 209. 951
68, 300, 515 180, 529, 237
184, 299, 271
60, 217, 302 197,177, 342
185, 370,471
633, 451
61,677,155
201,122, 999
187,
67, 874,440
199, 090,167
188, 789, 721
930, 481
60, 382,196
203,175, 412
195,
59, 069, 594 204,491,640
202, 528,081
180, 731
67, 511, 694 198,122,405
215,
59, 595, 038 198, 698, 241
228, 490,531
204,184,200
54,182, 494
236, 267,671
62, 836, 975 199,102, 212
236, 796, 321
55, 364, 898 206, 510, 463
232, 119, 561
56, 648, 635 206, 087, 499
227, 515, 431
60,465,119
200, 985,324
230, 162, 351
56, 219, 832 200, 764, 698
251. 589, 351
257, 651, 661
57, 982, 813 193, 111, 148
260, 271,841
60, 301, 944 195, 657, 070
269, 142, 341
204, 247, 262
51, 734,143
276, 754, 851
50, 604, 070 203, 537,189
282, 710,471
51, 722, 878 194, 624, 455
305, 719,441
51. 287, 753 192,198, 215
325, 606, 231
44,429, 907
194, 554, 277
3-Z3, 110,051
47,195,100
199, 744,172
914.371
46, 651, 453 199, 386,144
Total.
$313, 690,181
332, 415, 467
350, 701, 377
336, 204, 967
323, 562, 485
323, 649, 056
321, 291, 399
432, 265, 949
52,S, 559, 703
486,774, 261
517, 416, 875
558, 271, 331
470.144, 347
355, 817, 353
309, 634, 936
299, 341, 766
287, 707, 478
268, 280, 416
266, 310, 434
262, 973, 429
260, 874,109
261,011,116
259,761,719
262, 656, 983
259,973,818
262.145, 940
264, 327, 986
264, 930, 408
268, 515, 005
274, 711, 615
286, 855, 768
285,150, 767
313, 524, 671
311, 981, 984
312,862, 974
318, 055, 334
324, 052, 946
315, 828, 852
323, 612,166
329,165, 301
321,745,583
328, 347, 303
331, 734, 972
324, 455, 907
336, 361, 872
33*1, 022, 294
324, 531, 959
334, 936, 051
331, 403, 852
335,081, 619
340, 227, 762
343,181, 671
368, 665, 567
389,370,986
404,278, 728
408,143, 952
402,197, 207
411,274,511
420, 596, 788
424,129, 023
441,765,115
448, 433, 605
454, 754, 328
452, 488, 089
459, 089, 315
467, 814, 830
473. 783, 810
486, 634, 365
498, 735, 508
497, 994, 922
495, 251, 565
488, 612, 794
487,573,881
502, 745, 622
513, 230,855
516,123, 746
523,896,110
523, 057, 804
526, 205,409
544,590, 415
572, 049, 323
569, 951, 968
66
No.
REPORT ON THK F I N A N C E S .
28.—LIABILITIES
Month.
1885—April
May
June
July
August...
Septeinber
October...
November
December.
1880—January . ,
February.
March
April
May
June.
July
August.. September
October —
November
December.
1887—Jauuary . .
Februa'ry.
March
April
May
,
June
July
August —
September
October...
Noveraber.
Deceraber.
1888—January . .
February .
March
April
May
June
July
August —
September,
Ootober —
November .
December.,
1889—January . . .
February..
March
April
May
June
July
August
September.
October—
November .
December..
1890—January . . .
February.,
March
April
May
Juiie
July
August —
September.
October —
November .
December..
1891—January...
February..
March
April
May
June
July
August —
Septeinber .
October
November .
December..
1892—January . . .
Februa'ry..
for FRASER
Digitized
OF T H E T R E A S U R Y AT T H E E N D O F EACH MONTH, FROM
J U N E , 1878—Continued.
Certificates
and notes.
$320,895,176
310,825,136
310, 009, 786
311,504,406
310, 843, 906
289, 640, 736
283, 744, 896
282, 549,166
278,108, 856
277, 936, 036
277, 841, 536
272, 871, 566
270, 726, 296
265, 990, 840
265, 651, 920
201,844,779
253,690, 579
251,144, 229
250, 202, 529
251,952,429
255, 996, 511
258,381,841
259,241, 697
•J69,491,963
274, 597, 655
276, 894, 827
276,109, 967
270,274,447
273,196,675
292,098, 638
304,093,382
310,473,311
318,054, 444
330, 698,751
340, 934,209
342, 067, 283
343, 812. 834
372, 959, 668
386,179, 922
404, 540,765
401, 264, 478
402,046, 076
415,934,926 •
424,466,434
417, 914, 716
420, 094, 661
423, 560, 381
426, 396, 557
430, 479, 255
434, 557, 701
433, 633, 298
436, 024, 748
454, 677, 948
455, 291, 919
448,371, 369
444,114, 769
449,074,028
455,415,928
457.547,278
462, 215,742
465, 081,992
468,048,625
471,362, 730
474, 073, 040
478, 650, 340
500, 576, 090
506,185, 043
511,473, 893
516,198,247
523, 098, 373
525,124,073
530, 525, 511
538,444, 056
538,190, 649
540,190, 031
547, 648,703
559,078,603
549, 806,748
560,379,410
569,221,709
577,143,259
605, 423, 412
621, 248, 974
Agency
account.
$47,176,959
50, 948, 612
42, 434, 817
47, 354,154
52,767, 961
46, 370, 553
43,660,215
50, 755, 985
41, 060, 240
40,904, 725
48, 802, 890
39, 392,480
39, 888, 649
41, 324, 214
39, 969, 550
43, 977,454
54, 510, 525
48, 033, 854
43,184,403
49, 971, 280
43, 600, 946
42, 048, 255
52. 229, 668
47, 919, 666
44, 802,138
51, 066, 062
40, 669, 659
47,497,241
58, 548, 564
52, 234, 292
48,953, 361
62,165,058
49,959, 839
40, 767, 018
52, 799, 621
44,730, 923
45,901, 287
52, 530,640
43,716,727
50,318,268
56, 547, 688
47,705,644
48, 053, 268
64, 803,462
50, 336, 356
48, 214,778
64,502,445
52,187,930
48, 317, 637
53, 329, 501
39, 012,475
49, 350,078
65, 518,460
50,489,731
49, 370,888
53,774,585
48, 312, 896
46, 802, 039
53, 961,477
44,722, 623
48, 878, 308
55, 048, 394
42,196, 465
49, 738, 798
66, 619, 851
48,146,749
55, 661, 784
65, 493, 407
52,050, 877
48, 924, 676
64, 585, 569
56, 881, 629
51, 353,442
54,615,831
51, 265, 912
51, 362, 278
47, 249, 350
46, 873, 493
40, 478,929
40, 008,123
45, 583, 045
41, 999, 000
37,136, 339
Balance.
Total.
$200. 536, 203 $568, 608, 338
205, 713, 001 567, 486, 749
217,198,975
569, 643, 578
215, 350,735
574,209,295
219, 646, 977 583, 258, 844
233, 206, 722 569,224,011
243, 565, 741 570, 970, 852
245, 769, 440 579, 074, 591
257, 887, 815 577, 056, 911
265, 217, 967 584, 058,728
265, 914, 243 592, 558, 669
275, 765, 409 588,029, 455
278, 349, 307 588, 964, 252
281,911,856
589, 226, 910
287,513,959
593,135,429
283, 393,146
589, 215, 379
281,514,029
589, 715,133
279,844, 031
579,022,114
278, 970, 808 572, 357, 800
274,182, 628
576,106, 337
279, 521, 562 579,119,019
281,584, 675
582,014, 771
591, 250,788
279,779, 423
282,878, 549
600, 290,178
286, 028, 531 605,428, 324
291,144, 324
619,105, 213
621, 096,494
304, 316,868
291,986,110
609,757, 798
290, 746, 562 622,491, 801
289,063, 662
633,396, 592
296, 071, 378 649,118,121
668,165, 818
295, 527, 449
312,105,882
680,120,165
321, 585, 692
699, 051,-461
329, 595, 323 723, 329,153
341,167, 639
727, 965,845
341; 408, 408
731,122,529
327,846,974
753,337, 282
335,027, 012
765,523, 661
331,612,468
786,471,501
333, 528, 534 791,340,700
321, 637, 944 771, 389, 664
295, 388, 421 759,376,615
274,748, 209
764,018,105
283,955,835
752, 206, 907
281,795, 807
750,105, 246
266, 404,441
754,467, 267
273, 679, 979 752, 264, 466
272, 025, 039 750, 821, 931
275,109, 610
762, 996, 812
287, 531, 010 760,176, 783
274,000, 688
759, 375, 514
251,773, 370
771,969, 778
254,206,227
750,987, 877
248, 512, 435 746, 254, 692
242, 633, 405 740, 522, 759
233,524,103
730, 911, 027
228,835, 040
731, 053,007
229, 309, 201 740, 817, 956
228, 689, 876 735,628,241
227,213, 755
741,174,055
228, 336,445
751, 433, 464
245,612, 464
759,171,659
234, 069, 918 757, 881, 756
215,907,111
761,177, 302
179,120,347
727, 843,186
175,131,439
736,978, 266
164, 386,294
741,353,594
163, 242,409
731, 491, 533
174, 983, 938 747,006, 987
168, 395, 989 758,105, 631
163, 915, 855 751, 322,995
161,718, 803
751, 516, 301
158, 886, 719 751, 693,199
153, 893, 809 745, 349,752
155, 783,717
754, 794, 698
160,274,395
766, 602, 348
144,987, 969
741, 668, 210
139,671,919
740,530,2.58
139,126, 919
748, 356, 751
134, 574,129
757,300,433
131,368,461
778, 790, 873
132,162, 204
790,547,517
67
TEEASUEEE.
No.
!fe8.—LIABILITIES
OF T H E T R E A S U R Y AT T H E E N D O F EACH M O N T H , FROM"
J U N E , 1878—Continued.
Month.
1892—March
April
May
June
,
July
August —
September.
October
November ,
December.,
1893—January . . ,
February.,
March
April
May
June
July
August —
Septeraber.
October—
November
December.
2894—January..,
February.
March
April
,
May
June
July
August - . .
September
October —
Noveraber
Deceraber.
1895—January . .
February.
March
April
May
June
July
August —
September
October...
November
December.
1896-January..
February.
March
April
May
June
July
August...
September
October...
November
December.
1897—January . .
February.
March
April
May
June
July
August...
September
October...
November
December.
1898-January . .
Februa'ry.
March
April
May
June
July
Auguat
September
October . . .
Noveinber
December
1899—January...
Certificates
and notes.
098,
629, 922,
634, 081,
620. 245,
619: 675,
615: 455,
606 769,
598. 008,
598 369,
599, 467,
607,
60i:
597, 428,
596, 016,
594, 531,
584 553,
577 362,
565, 614,
570 225,
587 609,
599 229,
604, 317,
612, 059,
609, 909,
614, 627,
619, 989,
621 128,
615, 355,
616, 972,
615, 350,
612, 436,
607 486,
606; 270,
590, 134,
578, 777,
572, 755,
567, 944,
566, 688,
573, 366,
579, 207,
581, 799,
602, 384,
600, 22'i,
591, 102,
582, 987,
568, 023,
562, 542,
558, 551,
562, 909,
560, 594,
555, 646,
547, 110,
555, 212,
563, 656,
564, 524,
564, 340,
567, 523,
580, 809,
595, 975,
606, 977,
607, 702,
605: 107,
595: 535,
590; 878,
588. 513,
593, 961,
589: 070,
580, 456,
579, 920,
576, 956,
581, 213,
585, 252,
577, 402,
564, 306,
563, 799,
563, 788,
559, 497,
558, 046,
554, 057,
553, 631,
553; 897,
553, 447,
552, 853,
Agency
account.
Balance.
$39, 765, 879 $132, 898, 884
36,184, 614 131,518,162
35, 212, 991 126,005,887
38, 550, 304 126, 692, 377
37, 253,182 127,050,286
36. 907,108 129,152,343
39,139, 046 131, 895, 918
37,182, 203 131,011,402
36, 776, 228 130,328,919
41, 221, 379 129, 092, 590
125, 265, 067
40,117,580
38, 365, 833 124,128, 089
39, 709, 608 125, 630, 728
39, 044, 592 121, 482, 903
38, 026, 813 121,565,155
37, 988, 392 122,462, 290
37, 391, 549 117, 887, 566
39. 959, 096 107, 283, 910
106, 875, 632
42, 447,160
39, 542, 862 102,294,291
95,199, 616
40, 391, 517
90, 375, 555
42, 921, 722
84, 082, 098
40, 978, 873
38, 503, 563 138,662,364
42, 203, 653 133, 950, 026
45, 739, 079 125, 097, 787
44, 300,484 117,854,335
117, 584,437
41,598,709
38,164, 085 119, 065, 351
39, 204, 689 127,148, 096
41, 779, 739 119,919,718
39,719,445
107, 340,146
42,361,715
144, 507, 606
39, 282, 606 153, 337, 579
38, 089,115 144, 603, 302
47,137, 786 178,197, 587
187, 917, 260
41,375,886
39, 935, 796 180,817,916
38, 736, 912 185,370,101
36, 613, 670 195, 240,153
38, 448, 607 187,149,532
40, 536, 496 184, 039,157
42, 256, 352 185, 405, 365
41, 086, 939 179, 947, 999
40, 726, 633 177,406, 386
41, 527, 574 178, 027, 200
40, 419,174 171, 591, 780
37, 553, 551 262, 707, 007
40,417, 946 271, 641, 748
38,114, 643 270,090, 662
38, 926, 787 267,193, 210
39, 362, 566 267,432, 097
40, 492, 302 256,158, 473
42, 385, 372 243, 346,401
43, 963, 994 241,154, 457
38, 762, 537 233, 572,763
43, 080, 558 225, 357,100
44,333, 599 228, 320, 382
47,215, 916 215, 362, 421
44, 523, 338 212, 837, 256
222, 045, 606
45,491,680
43, 548, 665 228, 090,518
41, 847, 060 230,113, 813
40, 372, 779 240,137,627
46, 431, 522 233,016,458
45, 622, 207 218, 561, 207
46,104, 891 215,192, 788
43, 456, 904 207,756,100
45, 824, 583 •220,663,560
48, 959, 669 235, 474, 768
48,112, 289 223,871,787
45, 754, 630 225, 564, 205
226,166, 943
50, 228, 591
215, 810, 624
51, 000, 307
195, 754, 815
61, 515, 621
205, 657, 572
66,020, 064
254, 844, 215
75, 727,815
294, 487, 086
74, 6IO; 628
307, 557, 502
78, 520, 438
300, 238, 275
79, 379,189
292, 376, 790
79, 842, 559
294, 764, 695
82, 218, 873
274, 584, 676
84, 530, 567
Total.
$800, 762, 812
797, 625, 347
795, 300,595
785, 487, 985
783, 979, 271
781, 514, 981
777, 804, 592
766, 202, 481
765, 474, 803
769, 780, 985
772, 881, 229
764, 322, 268
762, 768,427
756, 544,116
754,122, 985
745, 004, 602
732, 641, 706
712, 857, 887
719, 548,155
729,447, 014
734, 820, 435
737, 614, 701
737,120,152
787, 075, 834
790,780, 719
790, 826, 661
783, 283, 264
774, 538, 966
774, 201, 765
781, 703, 357
774,135,927
754, 546, 012
793,140,164
782,754, 289
761, 470, 331
798, 090, 903
797, 237, 588
787, 442, 336
797, 473, 756
811, 061, 686
807, 397, 832
826, 960, 346
827, 889,410
812,137, 611
801,120, 692
787, 578,447
774, 553, 727
858, 811,831
874, 968, 947
868, 799, 558
861,766, 970
853, 905, 636
851,863, 748
849, 388, 746
849, 642, 774
836, 676, 223
835, 961, 581
853, 463, 554
858, 553, 910
864, 338,167
875, 239, 759
876,746,656
867, 496, 826
871, 389, 359
867,961,933
858,145, 367
850, 368, 632
831, 669, 957
846,409, 076
861, 391, 370
853,198, 009
856, 571, 768
853, 798,467
831,117,864
821, 070, 369
835,466,569
890,069, 963
927,144, 647
940,135, 523
933, 249, 397
926,117,182
930, 431, 351
911,969, 026
68
No.
REPORT ON T H E F I N A N C E S .
2 8 . — L I A B I L I T I E S OF T H E T R E A S U R Y AT THE END
OF EACH
MONTH, FROM
J U N E , 1878—Continued. .
.Certificates
and notes.
Month.
1899—February.
Marcli
April
May
Juue
July
August...
September
October —
November
Deceraber.
1900—J a u u a r y . .
February.
March
April
May
June
July
August...
Septeraber
Mo.
$555, 528,
555, 003,
554, 356,
555,517,
555, 226,
554, 414,
601,443,
647, 965,
656, 664,
678, 260,
686, 979,
716, 048,
720, 204,
720,500,
727, 993,
729, 584,
723. 544,
724, 371,
733,135,
734, 513,
Agency
account.
Balance.
$83,718,945 $269,103,514
80, 515, 311 284, 043,163
99.681,371
263,127,533
74,965,356
267, 584, 095
71,354,007
281, 380, 468
79, 754, 341 274, 844,168
81, 583, 807 279, 352, 873
79, 579, 570
287, 695, 615
79,099,406
289, 391, 540
78, 650, 946
286, 216, 439
283, 595, 453
77, 431,186
292, 490, 973
74, 888,986
78, 889,934
298, 362, 824
306, 792, 995
81, 086, 009
296,117,548
77, 896, 802
295, 783, 529
78, 894,118
305, 705, 655
76, 246, 656
80, 783, 640
299, 859, 366
86, 286, 585
285,419, 696
82, 729,140
288, 204, 878
Total.
350, 972
919, 562, U87
917, 165,517
898, 007,064
907, 9t)l,138
909, 012, 812
962, 379,883
1,015, 241, 088
1, 025,155, 849
1, 043,128, 288
1, 048,006, 042
1, 083,428, 562
1, 097,457, 041
1,108, 379, 783
1,102, 008,129
1.104, 261, 826
1.105, 496, 490
1,105, 014,185
1.104, 841, 960
1.105, 447,697
2 9 . — A S S E T S OF T H E TREASURY^ IN E X C E S S OF CERTIFICATES AND T R E A S U R Y
NOTES AT T H E END OF EACH MONTH, FROM J U N E , 1878.
Month.
1878—June
July
August ...
Septeinber
October . . .
November.
Deceraber .
1879—January...
Februa'ry .
March
April
May
June
July
August ...
Septeraber
October . . .
Noveraber.
Deceraber.
1880—January . .
February .
March
April
May
J une
July
August ...
Septeraber
October . . .
November.
December.
'1881-January ..
February .
March
April
1
May
June
July
August ...
Septeraber
October . . .
NovemberDecember.
1882—January . .
February .
March
April
May
Juiie
July
August ...
September
Octobe
for FRASERr . . .
Digitized
Gold.
5103 562,
108, 161,
117, 325,
112, 602,
117 965,
118, 282,
114 193,
116 674,
116, 886,
117, 162,
118, 809,
121, 300,
119 956,
120, 320,
126, 537,
154, 763,
157, 1.40,
147, 247,
146, 194,
143, 340,
136, 995,
135, 766,
130, 726,
120 699,
118 181,
11.5, 274,
120, 018,
127, 764,
133, 278,
143, 981,
150, 213,
148, 052,
166 808,
167, 639,
164 358,
1.57, 893,
157, 412,
149 163,
164 098,
169, 122,
167, 785,
173, 025,
167 429,
159, 972,
168 585,
161 290,
149 997,
148 932,
143, 477,
140 062,
144 311,
147, 831,
148 435,
Silver.
,$21,913. 254
23,335, 973
25, 044 450
27, 221 542,
28, 003 955
30, 646 484
31, 762; 735
33, 965 456
35, 289 801
36, 423 640
37,067 869
38, 223, 150
41,728 838
46,224 621
49, 514 910
51, 754 963
52, Oil 474
53, 700 061
52, 717 862
56, 065 003
58,104 105
58, 839 990
61, 571 311
65,157 331
68,110 764
70, 319 194
71, 409 074
65, 809, 169
57, 977 075
51, 801 387
43,015 088
45,615 577
47,081, 029
46,032 005
49,244 090
52,032 883
639
53, 991 175
53, 701, 136
49, 662 786
42,447 871
37.146 464
37,450 088
36, 846 843
40, 710 996
44,689, 486
50, 383 703
53, 364 570
58, 928 265
63, 927, 405
65, 053 473
64.147 574
59,793 462
57,556
Notes.
$38, 565,044
40,105,403
42, 306, 083
42, 765,104
44, 886, 055
46, 641, 248
44,861,667
42, 953, 902
54, 728,198
56,227, 221
47, 302, 019
66, 332, 228
53, 323, 605
30, 729, 911
41,361,261
23, 254, 556
20,985,735
19,596,731
15,813,202
18, 500, 528
19, 297,077
19, 366,445
23,077,329
27,166,528
25, 875, 809
26, 261, 919
24,780,755
20, 839, 053
17, 991, 217
14, 827, 566
13, 004, 646
16,894,026
18,711,496
19, 095, 042
20, 660, 345
23, 846,491
23, 850, 474
24, 632, 618
24,144, 410
23, 576, 532
22,746,316
21, 967, 383
22,130, 491
24,762, 389
23,741,061
21, 962, 492
23,8.18,033
27,291,935
27, 702, 836
31,178,001
31,356,383
28, 236, 944
26, 224, 248
Other.
Total.
$57, 004, 760 $221, 045, 581
631 601, 421
,
235, 204 437
72:
'-,599,-708
257, 276, 097
77, 871, 029
260, 460, 297
61 ,350,451
252, 206, 135
54: 652, 549 250, 222, 636
,
71,696, 807
262, 514, 569
177, 274,484
370, 868, 069
256,, 467, 745
i
463, 372,023
230,, 605, 004
I
440, 418, 031
264, 442, 687 467, 622, 255
287, 600,153
513, 455 671
206 , 449, 599 421, 458. 697
99i 675, 688 296, 950 803
,
381 475, 525
,
255, 889,386
19 , 220, 702 248, 994, 016
14: 333, 305 244, 470: 628
,
131,018, 537
233,563, 306
20i 020,178
,
234, 745 424
12;, 703, 861 230, 609, 419
'
,
15,
1,259, 949
229, 656, 589
181,058, 710
232, 031 696
14: 952,119
,
230, 327. 399
15I 959, 558
,
228, 982, 613
12I 831,848
,
224, 999,948
14, 051, 291 225, 907, 050
15,
,974,037
232,182, 046
14: 508, 793 228, 921 748
,
15,925,000
225,171 545
13. 098, 743 223, 708, 835
,
21, 376, 308 227, 609: 758
12, 616, 655 223,179, 067
18, 532, 553 251,133, 931
,
16, 059, 974 248, 826, 284
13,662,245
247, 925, 234
16. 736, 231
,
484
19,, 924, 242 250, 509, 496
I
255,178, 052
19I 857, 904
,
247, 355, 936
13:
1,102, 988
251, 007,471
16:, 305,128
i
251, 451, 993
14,221,197
241, 899, 553
14,987, 022
21. 875, 695 247, 430, 622
,
131 422, 316 248, 281 117
,
13:, 932, 661 238, 868, 272
1
250, 949; 002
121 723, 589
,
246, 360, 479
131 382,761
,
14: 661, 280 240, 563, 411
,
11 , 842, 551 249, 814, 022
246, 950, 469
131 920, 473
,
250, 214: 512
13,
1,979,775
253,795. 021
20, 172, 836
J
256, 035;417
26, 536, 234
258, 752,
69
TREASURER.
No.
2 9 . — A S S E T S O F T H E T R E A S U R Y I N E X C E S S O F C E R T I F I C A T E S AND T R E A S U R Y
N O T E S AT T H E E N D O F EACH M O N T H , FROM J U N E , 1878—Continued.
Month.
1882- - N o v e m b e r .
Deceraber.
January
February ..,
March
April
May
June
July
August
Septeraber .
October
November..
December . .
1884- - J a n u a r y
February...
March
April
l^Iay
June
July
August
September .
October
Noveraber..
December..
1885—January
February ..
Marcb
Anril
May
June
July
August
Septeraber .
October
November...
December . .
188G- J a n u a r y
February...
March
April
May
June
July
August
September .
October
November..
December . .
1887- - J a n u a r y
February...
March
April
May
June
July
A ugust
September .
October —
November..
December..
1888—January
February...
March...
April
May
June
July
Auguat
September .
October
November..
December..
1889—January
February...
March..'
April
May
June
July
August
S e FRASER
Digitized for p t e m b e r .
1883-
Gold.
$144, 809,314
131, 989,758
125, 648,195
135, 107,161
141, 308,204
139, 439, 242
133, 718,103
138, 271,198
142, 705, 435
149, 625, 435
151, 115, 603
157, 353,760
157, 235, 708
155, 429, 599
144, 350, 736
144, 038,203
142, 259, 357
139, 624,821
142, 006, 908
133, 729,954
119, 048, 061
122, 465, 717
130, 514,382
134, 670, 790
138, 015, 071
141, 688, 432
125, 187, 595
127, 346, 553
125, 793, 257
117, 927, 395
115, 810, 533
120, 298, 895
126, 078,596
126, 371,928
133, 113,324
142, 338, 589
146, 391, 486
147, 991,809
136, 086, 610
144, 164,038
151, 379, 525
155,
156, 865, 308
156, 304, 709
158, 793, 749
157, 933, 005
157, 732,289
158, 917, 211
163, 537,179
170, 930, 220
168, 912,414
175, 475,361
181, 130, 262
180, 939, 848
186, 902,431
186, 667, 774
186, 875, 669
193, 306, 330
192, 274,194
202, 717,947
211, 859, 832
208, 880, 526
202, 608,130
212, 955,184
218, 869, 914
213, 818, 253
200, 239, 994
193, 301,129
194, 866, 247
206, 592, 280
197, 383, 036
191, 713,116
199, 074,575
203, 339,134
194, 885, 219
196, 655, 264
197, 245, 980
191, 874, 422
192, 589,112
186, 252, 715
182, 711,560
180, 218,164
189, 654,670
196, 423
Silver.
Notes.
Other.
Total.
$55,911,656
$27, 067, 502 $43,233,314
$271, 021, 786
43, 260, 987
257, 225, 228
25, 411,416
. 56, 563, 067
32, 845, 467
250,131, 542
31, 648, 528
59, 989, 352
15, 511, 578
242, 710, 497
28, 376, 344
63, 715, 414
18,511,785
248, 964, 460
64, 531, 775
24, 612, 696
15, 655, 301
248, 386, 837
27, 262, 638
66, 029, 656
15,436,253
248, 829, 752
69, 632, 000
30, 043, 396
15, 205, 995
72, 261, 550
31, 655, 901
257, 394, 644
15,130, 922
71, 873,151
33, 090, 646
262, 800,154
14,123, 297
31, 756, 568
266, 964, 607
71, 459, 307
13, 576, 392
67, 523,483
31, 342,130
263, 557, 608
12, 860, 399
62, 350, 858
263, 561, 234
30, 996, 217
14,431,615
61, 386, 658
265, 634, 099
32, 580,118
54, 490,163
14, 253, 448
34,120, 069
258, 293, 279
59, 205, 565
14, 742,459
40, 067, 934
258, 366, 694
63,985, 498
14,182,913
39, 732, 573
261, 939,187
66, 996, 906
13,807,080
38, 812, 018
261, 875, 361
69,125, 407
13,189, 747
40, 796,159
262, 736,1.34
69, 263, 646
14, 944, 269
261,450, 443
35, 235, 620
13, 660, 660
256, 984, 530
72, 790,123
36, 803, 793
251, 093, 961
14, 998, 720
76, 954, 854
40, 092, 326
14, 536, 221
80, 769, 454
38,187, 622
255, 959, 014
79, 976,102
13, 517, 091
255,981,405
31, 973, 830
70,178,418
16, 948, 224
254,141,259
26, 343, 827
246,347,333
14, 502, 269
20,151, 317
73, 678, 676
243.485, 968
14,180,602
22, 069, 569
65, 547, 365
238,984,184
14,754, 442
71, 288, 030
27, 754,117
246, 939, 272
14, 762. 734
76, 329, 022
28, 500, 963
13, 740, 036
27, 786, 228
246, 037, 597
78, 718, 076
15, 216, 093
29,586, 350
84, 983, 324
247, 713,162
14, 600, 706
92, 952,178
33, 298,196
256, 661, 613
14, 768, 856
99,157,951
25,408, 090
259, 633, 792
14, 618,467
96, 927, 699
25, 080,127
262, 704, 889
14,427, 844
99, 265, 402
32, 349, 764
272, 414, 938
12, 938,189
99, 385, 022
34,140, 740
279, 577, 275
14, 422,143
287, 225, 956
32, 988, 582
97, 476, 642
14, 253, 299
296, 525,425
31,510,999
104, 369, 641
13,535,082
298, 948,055
104,132,197
33, 288, 967
306,122, 692
14, 790, 083
43, 251,446
111, 994, 553
314, 717,133
40, 238, 626
15, 475, 373
114, 839,096
315,157, 889
14,424, 370
115, 672, 306
33, 681, 688
318, 237, 956
15, 836, 506
116,616,366
29, 919,776
323, 236, 070
15,752,158
119,927,955
31,251,248
327, 483,509
18, 652, 806
125,134, 221
26, 902, 733
327, 370, 600
126, 330, 575
16, 375,469
25, 731, 551
336, 024, 554
123,973. 629
38, 458,167
15, 860,469
327, 877, 885
116,533,620
38, 623, 845
14, 803, 209
322,155, 271
34,160,051
16, 725, 325
112, 732, 716
324,153, 908
32,070, 221
18, 861, 896
109, 291, 571
323,122, 508
26,181,661
24, 368, 553
101, 659, 880
323, 632, 930
106, 848, 633
19, 418, 932
28, 890, 004
332, 009, 091
108,164, 660
19, 952, 406
28, 761, 763
330, 798, 215
20,156, 995
23, 718, 423
104, 982, 949
330, 830, 669
21,148,281
23, 706,127
105, 073, 830
23, 004, 380
25, 694, 621
342, 210, 386
106, 843, 611
28, 473, 594
22, 376,382
344, 986, 527
107, 260, 882
24,068, 646
22, 775,845
339, 483, 351
106, 332, 530
27,846, 449
24,512, 265
349, 295,126
103, 662, 218
32, 352,104
20, 548,805
341, 297, 954
95, 679, 098
33,133,118
19, 419, 047
345,024,739
89, 612, 742
43, 639, 069
357, 692, 507
82, 722,828
19, 450, 084
56, 762, 221
362, 065, 721
76, 351, 511
20, 343, 859
59, 763, 008
25, 797, 672
368, 352, 710
79, 836, 846
61, 747, 047
28, 622, 564
382, 394, 944
79,155,419
61, 483, 814
29,494,410
385, 898, 562
76,102, 085
62,218,761
34,433, 808
387, 309, 695
77,417,132
40, 631, Oil
60, 266, 996
79,178,478
380, 377, 614
60,276, 461
80,163, 606
379, 343, 739
45, 037, 425
60, 075, 280
79, 218, 602
381, 930, 736
48, 044, 574
59, 312, 237
390, 076, 222
49, 460, 550
74, 920, 399
59, 363, 740
369, 343, 588
65, 614, 462
46, 652, 270
56, 541, 669
343, 441, 689
40,981,274
54, 844,171
52, 532,150
339, 551, 671
38, 584, 412
49, 095, 975
52,755,501
334, 292,191
42, 707, 505
34, 943, 906
50, 939, 429
330, 010, 585
49, 530,165
34, 885, 727
49, 563, 211
330, 906, 886
52, 363, 612
32, 734, 083
48,142,819
325,867, 909
51,745,170 • 28,105,498
49,178, 348
320,342, 676
52,118,189
27, 457, 027
48,329, 353
328,439, III
32, 493, 474
55, 363, 569
326, 543, 485
33, 759, 416
48, 356, 846
57, 715, 663
323, 350,766
33, 996, 901
49, 437, 271
57, 698, 430
317, 291, 830
36, 916, 596
49, 607, 731
50,112, 833
304, 695, 958
25, 053, 979
48, 930, 0.52
41,515,504
10
No.
REPORT ON T H E F I N A N C E S .
2 9 . — A S S E T S O F T H E TREASURY I N E X C E S S O F CERTIFICATES AND T R E A S U R Y
N O T E S AT T H E END O F EACH MONTH, FROM J U N E , 1878—Continued.
Month.
1889—October
November
December
1890—January
February
Miarch
April
May
June
July
August
Septeraber
October
November
December
1891—January
February
March..'
April
May
June
July
August
September
October
Noveraber
December
1892—January
February
March
April
May
June
July
August
September...
October
NoA^ember
Deceinber
1893—Jauuary
February
March
April
May
Julie
July
August
September
October
November
Deceraber .,
1894—January
Februa'ry
M a r c h . ."^.
April
May
June
July
August
Septeraber
October
Noveraber
December
1895—January
February
March
April
May
June
July
August
September
October
November
December
1896—January
February
March
April
May
June
July
for FRASER s t
Augu
Digitized
Gold.
$187,
187,
190,
177,
187,
185,
186,
190,
190,
184,
185,
147,
156,
162,
148,
141,
149,
148,
141,
133,
117,
121,
132,
132,
127,
129,
130,
119,
122,
125,
119,
114,
114,
110,
114,
119,
124,
124,
121,
108,
103,
106,
97,
95,
95,
99,
96,
93,
84,
82,
80,
65,
106,
106,
100,
78,
64,
54,
55,
58,
61,
105,
86,
44,
87,
90,
91,
99,
107,
107,
100,
92,
92,
79,
63,
49,
123,
128,
125,
108.
101,
110,
100,
Silver.
$39, 875, 648
41 763,.278
38, 243,433
45, 961,8.57
47, 314,841
44, 955, 052
45, 928,042
47, 189, 821
49, 504, 543
49, 988,781
43 682,333
33, 154, 328
29, 670,450
27 210, 815
27 341, 663
35, 350,160
37 091,690
34 315, 059
32, 092, 709
36, 021, 716
41 769,409
42, 137, 506
30, 569, 667
22 893,709
2o; 249,056
19, 065, 079
18, 831,672
22, 397,291
18, 732,111
19, 245,653
18, 495,401
18, 747, 357
19, 490,242
19, 114,537
16, 731, 391
15, 391, 622
14, 448,348
14, 234,593
15, 588, 884
16, 900,932
19, 273,557
18, 915,291
2 1 011,187
21, 657,100
18: 653,079
16, 468. 207
16: 491,115
21 964,911
21 083,060
17, 711,977
17, 604,728
23, 512,859
24, 449, 645
27, 753,628
28, 289. 413
29, 555, 253
33 619, 911
36, 941, 81.8
35, 797,984
27, 684,367
23, 734,845
21 506, 304
22, 133,941
29, 868, 571
32, 338,336
183,035
013,832
985,200
518, 599
900,752
179,804
576, 408
534, 623
725, 569
612, 627
483, 200
000, 237
817, 038
682, 424
501,477
455,925
610,196
166, .527
Notes.
Other.
$22 514,
19 070,
11 174,
13 778,
13 933,
10 856,
11 151,
14 182,
16 155,
16 929,
17 870,
11 35S,
11 497,
10 291
8 738
17 017
15 656
8 092
9 263
14 366
17 022,
16 758
21 289
14 845
11 352,
10 369,
10 330,
11 367,
9 509,
8 817,
7 821,
9 892
14 073,
17 850
18 814
19 971
13 302
12 425
17 396,
24 324
24 254
23 578
26 409
26 631
24 381
22 563
17 057
16 562
15 947
17 699
18 646
19 209
29 868
25 711
25 504
36 966
43 294
47 845,
58 007
58 774,
45 556,
43 208,
68 044
91 961,
89 377,
86 242
74 695,
66 486,
60 919
55 540,
65 248,
85 126.
84 043,
96 548,
113 327,
109 522,
112 672,
.$47 920,
48 077,
41 586,
38 509,
34 033,
32 312,
32 776,
31 468,
31 916,
32 798,
35 137,
34 772,
33 309,
29 937,
30 239,
29 812,
30 520,
30 271.
29 974,
29 906,
28 700,
27 137,
23 193,
21 598,
20 874,
20 506,
20 254,
20 027,
18 934,
18 786,
21 476,
18 347,
17 336,
16 894,
16 357,
16 275,
16 436,
16 035,
16 061,
15 975,
15 681,
15 954,
16 095,
16 254,
21 930,
17 044,
17 685,
17 213,
20 421,
17 220,
16 154,
16 688,
16 320,
16 538,
16 840,
16 939,
17 395,
17 466,
17 330,
16 365,
16 406,
16 729,
16 197,
16 156,
16 534,
16 224,
16 797,
16 483,
16 903,
15 920,
15 817,
16 047,
15 513,
15 525,
15 352,
16 159,
25 624,
28 200,
27 991,
22 277,
18 114,
17 263,
.
17 992,
119, 395,
116 137,
130 995,
134 524,
114 058,
125, 615,
71
TREASURER.
No.
2 9 . — A S S E T S O F THE T R E A S U R Y I N E X C E S S O F C E R T I F I C A T E S AND T R E A S U R Y
N O T E S AT T H E E N D OF EACH MONTH, FROM J U N E , 1878—Contiaued.
Month.
Gold.
$124,
117,
131,
137,
144,
148,
151,
153,
144,
140,
140,
144.
147,
153.
157,
160,
164,
167,
174,
181,
171,
167,
189,
217,
243,
239,
241,
246,
228,
231,
245,
246,
228,
240,
245,
248,
254,
252,
239,
236,
218,
232,
248,
229,
218,
220,
223,
218,
230,
1896—September.
October . . .
Noveraber.
December.
1897—January...
Februa'ry .
March
April
May;
June
July
August ...
September.
October . . .
November.
December.
1898—January...
February..
March
April
May
Juue
July
August ...
September.
October...
November.
December .
1899—January...
February..
March
April
,
May
June
July
August ...
September.
October. . .
Noveraber
Deceinber.
1900—January . .
February .
March
April
May
June
July
August...
September
Silver.
Notes.
Other.
$31, 209, 091 $111, 703, 443
28, 052, 340 109,517,074
31,691,049 . 88, 098, 383
33,143, 505
84, 907, 287
34, 001, 536
65,838, 067
56,431,043
34, 399, 485
61,968, 804
35, 890, 779
62,156, 583
38, 045, 891
41, 213, 870
68, 297, 885
47, 590,.275
72, 960,440
49, 881, 210
69. 995, 248
38, 832, 869
63, 018, 517
27, 527,168
67, 393, 524
27,199, 745
51, 950, 355
26, 564,136
43, 652, 905
48,976, 319
24, 247, 812
34, 780,143
31,628,940
43,709, 522
26, 902,128
48,120, 768
21, 046, 357
37, 548, 969
17, 516, 429
34, 779,188
20,865, 495
41, 375,861
23,163, 547
55, 822, 979
25, 547, 250
62, 760, 785
21,150, 242
42,920,113
17, 333, 559
26, 247, 068
16, 918, 920
20,842,512
14,279,293
14,357,579
20, 860,958
18,192, 589
22, 604, 592
15,619.902
20,286,798
12,548,696
17,578,940
12, 749, 263
18, 237, 351
12, 786, 250
19,198, 281
12,840, 603
19,709,432
11,410,998
19, 892, 859
21, 878, 651
8,911,189
20,706, 963
8, 307, 288
11, 694, 760
20, 615,167
20,854, 922
13, 409, 792
13. 839, 643
22, 093,160
22, 638. 226
17, 652,992
18, 099, 070
14, 470, 680
14,145, 027
14,163, 965
18,735,535
14, 448, 943
26, 458, 497
17,515,012
36, 620, 297
22, 438,100
35,779, 851
24, 208, 433
36, 338,196
20, 493,182
29, 548, 312
13, 767, 922
Total.
$18,171, 245 .$285,118, 451
17, 639, 362
272, 335, 300
17,137,873
268, 437, 658
17, 286, 645
272, 653, 981
17, 938, 241
262, 578, 337
257, 360, 594
17, 868, 857
267, 537, 286
17,891,239
271,639,183
18, 095, 819
271, 960, 873
18,129, 556
280, 510,406
19,168, 953
279,447. 980
18,753,823
264,183, 414
18,115, 652
261,297,679
18,713,882
251, 213, 004
18, 489,756
266,488,143
38, 907, 251
284, 434, 437
50, 298, 759
271, 984, 076
41, 338, 200
271, 318, 835
33, 084, 003
276, 395, 534
32, 644, 274
266, 810, 931
30, 507, 396
257, 270, 436
29,807, 698
271, 677, 636
40,133, 818
330, 572, 030
59, 757, 087
67, 282, 202
369, 097, 714
82, 526, 725
386, 077, 940
96, 566, 313
379, 617, 464
95,434,101
372,219, 349
95, 235, 856
376, 983, 568
89, 665, 721
359,115, 243
85, 791,121
352, 822,459
89,017,132
364,558,474
85, 682. 065
362,808, 904
82,149,681
342, 549, 451
79, 447, 289
352, 734, 535
78, 040,118
354, 598, 509
. 81, 388, 868 360, 936, 680
83, 9H2,113
367, 275,185
83, 957, 222
368, 490, 946
90, 857, 766
364, 867, 385
88,184, 606
361, 026, 639
108,475,124
367,379, 959
112,457,672
377,252, 758
111, 211, 947
387, 879, 005
111,367,910
374,014, 350
111, 846, 593
374, 677, 647
102,336,729
381,952,310
97,087, 346
380, 643, 006
96,610,934
371, 706, 281
97,486,621.
370, 934,017
'Xo. 3 0 . — U N I T E D STATES N O T E S OF EACH DENOMINATION ISSUED, R E D E E M E D , AND
OUTSTANDING AT THE CLOSE O F EACH F I S C A L YEAR.
Denomination.
I s s u e d dur- T o t a l i s s u e d .
ing year.
Redeemed
d u r i n g year. Total redeemed. Outstanding.
1862.
One t h o u s a n d d o l l a r s
Total
$17,140, 000
15, 440, 000
15,040,000
13, 000, 000
13, 000, 000
13,000,000
12, 000, 000
$17,140, 000
15, 440, 000
15, 040, 000
13, 000, 000
13, 000, 000
13,000,000
12, 000, 000
$2, 000, 000. 00
$2, 000, 000.00
$17,140, 000. 00
15, 440, 000. 00
15, 040, 000. 00
13 000,000.00
13, 000, 000. 00
13, 000, 000. 00
10,000,000.00
98, 620,000
Ten dollars
T w e n t y dollars
Fiftv dollars
O n e h u n d r e d clollars
98, 620, 000
2, 000, 000. 00
2, 000, 000. 00
96, 620, 000. 00
16, 000, 000
17, 000,000
62,860, 000
74, 560, 000
59, 960, 000
10, 080, 000
17, 800, 000
13, 500, 000
19, 500, 000
16, 000, 000
17, 000, 000
80, 000, 000
90, 000, 000
75, 000, 000
23, 080, 000
30, 800, 000
26, 500, 000
31,500,000
13, 032. 00
5, 044. 00
59, 735. 00
46,140. 00
62,160.00
44, 000. 00
1,300.00
1, 000. 00
I, 000. 00
13, 032. 00
5, 044. 00
59, 735. 00
46,140. 00
62,160. 00
44, 000. 00
I, 300. 00
1, 000. 00
2, 001, 000. 00
15,986,968.00
16, 994, 956. 00
79, 940, 265. 00
89,953,860 00
74, 937, 840. 00
23, 036, 000. 00
30,798, 700. 00
26,499, 000. 00
29, 499, 000. 00
291,260,000 • 389.8.90.000
233,411.00
2,233,411.00
387, 646, 589. 00
,
1863.
T w o dollars
F i v e dollara
Ten dollars
Tvventy d o l l a r s
Fiftydollars
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
72
No.
REPORT
ON T H E FINANCES.
3 0 o — U N I T E D STATES N O T E S OF EACH DENOMINATION ISSUED, R E D E E M E D , AND
OUTSTANDING AT T H E CLOSE OF EACH F I S C A L YEAR—Coutinued.
Redeemed
I s s u e d dur- T o t a l i s s u e d .
Total redeemed. Outstanding.
duriug year.
ing year.
Denomination.
1864.
O u e 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
Oue 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
$946, 000
768, 000
15, 700, 000
18, 880, O U
O
11, 919, 680
6, 975, 200
3. 544, 000
7, 414, 000
17, 904, 000
$16, 946, 000
17, 768, 000
95, 700, 000
108,880,000
86,919, 680
30, 055, 200
34, 344,000
33, 914, 000
49, 404, 000
$109,791. 35 $16, 836, 208. 65
$96, 759. 35
17, 700, 307. 95
67, 692. 05
62, 648. 05
95, 464, 974. 50
235, 025. 50
175, 290. .50
202, 373. 50 108,677,626.50
156,233. 50
293, 782. 00
86, 625, 898. 00
231,622.00
134, 622. 50 • 29, 920, 577. 50
90, 622. 50
182, 700. 00
34, 161, 300. 00
181, 400. 00
8, 467, 500. 00 • 8, 468, 500. 00 25, 445, 500. 00
37, 099, 000. 00
10, 304, 000. 00
12, 305, 000.00
84, 050,880
473,930, 880
4, 631,190
19,766, 075.90
21,999, 486. 90
451, 931, 393.10
4, 631,190. 00
84, 050, 880
469, 299, 090
1.9,766, 075. 90
21, 999,486. 90
447, 300, 203.10
1,186, 000
2,128, 000
963, 820
1,125, 040
18,132, 000
19, 896,000
96, 663, 820
110,005,040
86, 919, 680
30, 055, 200
34, 344, 000
33, 914. 000
49, 404, 000
260, 954.40
260, 574. 20
394, 275. 50
311, 263.00
526, 033. 00
190, 947. 50
333,140. 00
632, 475. 00
I, 344, 000.00
370, 745. 75
328, 266. 25
629, 301. 00
513, 636. 50
819, 815. 00
325, 570. 00
515,840.00
9,100, 975. 00
13, 649, 000. 00
17, 761, 254. 25
19, 567,733.75
96, 034, 519. 00
109, 491,403.50
86, 099, 865. 00
29, 729, 630. 00
33, 828,160. 00
24, 813, 025. 00
35, 755, 000. 00
5,402, 860
479,333, 740
22,014,162
4, 253, 662. 60
26,253,149. 50
453, 080, 590. 50
22, 014,162. 51
5, 402, 860
457,319,578
4, 253, 662. 60
26, 253,149. 50
431, 066,427. 99
714,000
" 664, 000
18, 846, 000
20, 560, 000
96, 663, 820
110, 005,040
86, 919, 680
30, 055, 200
34, 344, 000
44, 914, 000
71,404, 000
1,266,495.15
1, 421, 898.50
588,593. 50
473, 548.00
969; 532. 00
406, 892.50
552,675. 00
387, 425. 00
672, 800.00
1, 637, 240. 90
1,750,164.75
I, 217, 894.50
987,184. 50
I, 789, 347. 00
732, 462. 5b
I, 068, 515. 00
9,488, 400. 00
14,321,800.00
17, 208, 759.10
18, 809, 835. 25
95, 445, 925. 50
109, 017, 855. 50
85,130, 333. 00
29, 322,737. 50
33, 275, 485. 00
35,425, 600. 00
57, 082, 200. 00
34, 378, 000
513,711, 740
79, 932,425
6,739, 859. 65
32, 993, 009.15
480, 718, 730. 85
79 932 425 00
34, 378, 000
433,779,315
6,739, 859. 65
32,993,009.15
400, 786, 305. 85
1, 500,000
O n e dollar
T w o dollars
2, 000, 000
F i v e dollars
Ten dollars
T w e n t y dollars
.:
F i f t y dollars
One h u n d r e d dollars
2, 040, 000
F i v e hundred dollars
One t h o u s a u d d o l l a r s . . . — 56, 412, 000
20, 346, 000
22, 560, 000
96, 663, 820
110, 005, 040
86, 919, 680
30, 055, 200
34, 344,000
46. 954, 000
127, 816, 000
3, 220, 683. 25
3, 691, 717.10
30, 397, 678. 75
22, 679, 294.75
19,138, 210.00
2, 985, 275. 00
5,263, 050. 00
5, 301, 325. 00
64,403, 900. 00
4, 857, 924.15
5,441, 881. 85
31, 615, 573. 25
23, 666,479. 25
20, 927, 557. 00
3,717, 737. 50
6, 331, 565. 00
14, 789, 725. 00
78, 725, 700.00
15, 488, 075. 85
17,118,118.15
65, 048, 246. 75
86, 338, 560. 75
65, 992,123. 00
26, 337,462. 50
28, 012, 435. 00
32,164, 275. 00
49, 090, 300. 00
61, 952, 000
575,663, 740 157, 081,133.85
13, 806, 000
190,074,143.00
385, 589, 597. 00
13, 806, 000. 00
61, 952, 000
561,857,740 157,081,133.85
190, 074,143. 00
371, 783, 597. 00
Total
TTnlvuown i n r e s e r v e
•N"et
1865.
O n e dollar
JFive d o l l a r s
T e u dollars
.......
T w e n t y dollars
Fiftj'^ d o l l a r s
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
Unknown in reserve
Net
1866.
O n e 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 v clollars
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 dollars
One t h o u s a n d dollars
.. .
Total
U n k n o w n in reserve
Net
11, 000, 000
22, 000, 000
1867.
Total
Unknown in reserve
Net
1868.
O n e flollar
•*......•
T w o dollars
Fivedollars
Ten dollars
T w e n t y dollars
Fiftv dollars
One h u n d r e d d o l l a r s
F i v e hundred dollars
One t h o u s a n d dollars
Total
Unknown in reserve
Net
22, 829, 348
26, 070, 696
96, 663, 820
110, 005, 040
86, 919, 680
30, 055, 200
34, 344, 000
48, 986, 000
135, 928, 000
4, 297, 683. 25
4, 667, 751. 70
2, 210, 801. 25
3, 506, 372. 50
2, 391, 665. 00
841, 932. 50
974,975.00
1, 504,975. 00
5, 459, 000. 00
9,155, 607. 40
10,109,633.55
33, 826, 374.50
27,172, 851. 75
23, 319. 222. 00
4,559, 670. 00
7, 30e, 540. 00
16, 294, 700.00
84,184, 700. 00
13, 673, 740. 60
15,961,062.45
62,837,445. 50
82, 832,188. 25
63, 600, 458. 00
25, 495, 530. 00
27, 037, 460. 00
32, 691, 300. 00
51, 743, 300. 00
16,138,044
591, 801, 784
19, 872, 484
25,855,156. 20
215, 929, 299.20
375, 872,484. 80
19,872,484.80
16,138,044
571, 929, 300
25, 855,156. 20
215, 929, 299. 20
356, 000, 000.00
2, 483, 348
3, 510, 696
2, 032, 000
8,112, 000
73
TREASUEER.
N o . 3 0 . — U N I T E D STATES NOTES OF EACH DENOMINATION I S S U E D , R E D E E M E D , AJSTD
OUTSTANDING AT T H E CLOSE O F EACH FISCAL YEAR—Continued.
I s s u e d during year. Total issued.
Denomination.
1869.
One dollar
Two dollars
Five dollars
Teu dollars
Tweuty dollars
Fiftv dollars
One^hundred dollars
Five hundred dollars
One thousand dollars
$5, 522, 000
8, 000, 432
4, 336,180
8, 004, 960
16,000,320
Redeemed
during year.
Total redeemed. Outstanding.
$28, 351, 348
34, 071,128
101, 000, 000
118,010,000
102,920, 000
30, 055, 200
40, 000, 000
58, 986, 000
155, 928, 000
$4, 929, 028.40
5,287,765.90
6, 641, 495. 50
6, 833, 888.00
5, 816, 229. 00
7, 211, 355. 00
6, 010,285. 00
7, 548, 475. 00
7, 669, 000.00
$14, 084, 635. 80 $14,260, 712. 20
15, 397, 399. 45
18,673,728.55
40, 467, 870. 00
60, 532,130. 00
34, 006, 739. 75
84, 003, 260. 25
29,135, 451. 00 73 784,549.00
11, 771, 025. 00
18, 284,175. 00
13, 316, 825. 00
26, 683,175. 00
23, 843,175. 00 35,142, 825.00
91, 853, 700. 00
64, 074, 300. 00
77, 519, 892
669,321,676
39, 444, 855
57, 947, 521. 80
273,876,821.00
395, 444, 855.00
39, 444, 855. 00
77, 519, 892
629, 876, 821
57, 947, 521. 80
273, 876, 821. 00
356, 000, 000. 00
8, 220, 000
14, 032, 000
19,580,000
37, 920, OOO
23,760, 000
20, 600, 000
28, 600, 000
36, 571, 348
4,422, 884. 45
48,103,128
5, 209, 611. 30
9, 493, 971. 25
120, 580, 000
155, 930, 000 17, 681, 072. 50
126, 680, 000
9, 685, 403.00
50, 655, 200
6, 677, 217. 50
68, 600, 000
6, 721, 460. 00
58,986, 000 11 405 475 no
155, 928, 000 ( 23i 968', 000.56
5, 656, 000
10, 000, 000
20, 000, 000
Total
Unknown, in reserve
Net
1870.
O n e dollar
T w o dollars
F i v e dollars
Ten dollars
TAventy d o l l a r s
F i f t y clollars
O n e "hundred dollars
F i v e h u n d r e d dollars
One t h o u s a n d dollars
. . 152, 712, 000
Total
Less reserve :
One dollar.
Two dollars . . . .
F i v e dollars
Ten dollars
T w e n t y dollars
Fifty dollars
Oue hundred dollars
Five h u n d r e d dollars
One t h o u s a n d dollars
822, 033, 676
95, 355, 095. 00 | 369, 231, 916. 00
1
1,060
893.000
14, 000, 000
21, 366, 000
16, 360, 000
10, 055, 000
23, 085, 700
2,041,000
9, 000, 000
Total
18, 507, 520. 25
18, 063, 827. 75
20, 607, 010. 75
27, 496,117. 25
49, 961, 841. 25 70, 618,158. 75
51,687,812.25 104, 242,187. 75
38, 820, 854. 00
87 859 146 00
18,448, 242. 50 32, 206, 957. 50
20, 038, 285. 00
48, 561, 715. 00
35, 338, 650. 00
23, 647, 350. 00
115, 821, 700. 00
40,106 300 00
1, 060. 00
893, 000. 00
14, 000 000 00
21, 366, 000. 00
16, 360, 000. 00
10, 055,000. 00
23 085,700.00
2, 041, 000. 00
9, 000, 000. 00
96, 801,760
Net:
One dollar..*•.
Two dollars .
..
F i v e dollars
T e n dollars
T w e n t y dollars
Fifty dollars.
One'nundred dollars
F i v e h u n d r e d dollars
One t h o u s a n d dollars
36, 570, 288
47, 210,128
106, 580, 000
134, 564, 000
110, 320, 000
40, 600, 200
45, 514, 300
56. 945, 000
146, 928, 000
...
452,801,760.00
96, 801, 760. 00
4, 422, 884.45
18, 507, 520. 25
5, 209, 611. 30
20, 607, 010.75
10, 053, 996. 25
49, 961. 841. 25
19, 001, 072. 50
51, 687, 812. 25
21, 605, 403. 00 . 38, 820, 854. 00
18,448,242.50
9, 223, 617. 50
20, 038, 285. 00
11, 411, 460. 00
35, 338, 650. 00
16, 433, 475. 00
115, 821, 700. 00
37, 812, 000. 00
18, 062, 767. 75
26, 603,117. 25
56, 618,158. 75
82, 876,187. 75
71,499,146. 00
22,151, 957. 50
25, 476, 015. 00
21, 606, 350. 00
31,106, 300.00
725, 231, 916 135,173,520. 00
369, 231,'916. 00 356, 000, 000. 00
44, 050, 899
53,195,128
112,440, 000
145, 830, 000
123,315,000
47,155, 200
54, 220, 000
82, 286, 000
183, 328, 000
5, 002, 208.45
6, 821, 860. 80
14, 016. 532. 25
16, 997, 841. 50
16, 607, 793. 00
5, 089, 320. 00
8, 915, 880. 00
16, 069, 875. 00
31, 067, 000. 00
23, 509, 728. 70
27,428,871.55
63, 978, 373. 50
68, 685, 653. 75
55,428, 647. 00
23,537, 562. 50
28, 954,165. 00
51,408, 525. 00
146, 888, 700.00
845, 820, 227 120, 588, 311. 00
489, 820, 227. 00
356, 000, 000. 00
9, 931, 304
9,172, 000
9, 902, 500
12,210,000
13, 001, 000
4, 035, 000
5, 098, 000
1,258,000
4, 932, 000
53, 982, 203
62, 367,128
122, 402, 500
158, 040, 000
136, 316, 000
51,190, 200
59, 318, 000
83, 544, 000
188, 200, 000
5, 724, 516. 60
7, 566, 791. 90
11, 658, 604. 00
13, 584, 505. 50
13, 264, 976. 50
2,700, 294. 50
4, 722, 665. 00
4, 409, 450. 00
4, 468, 000. 00
29, 234, 245.30
34, 995, 663.45
75, 636, 977. 50
82, 270,159. 25
68, 693, 623. 50
26, 237, 857. 00
33,676,830.00
55, 817, 975. 00
151, 356, 700. 00
24, 747, 957. 70
27, 371, 464. 55
46, 765, 522. 50
75, 769, 840.75
67, 622, 376. 50
24, 952, 343. 00
25,641,170.00
27, 726, 025. 00
36, 903, 300. 00
69, 599, 804
915, 420, 031
68, 099, 804. 00
.557, 920. 031. 00
357, 500, 000. 00
Total
1871.
O n e dollar
T w o dollars
F i v e dollars
•
Ten dollars
T w e n t y dollars
F i f t y clollars
One'hundred 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
. ..
7, 480, 611
5, 985, 000
5, 860, 000
11, 266, 000
12, 995, 000
6, 555, 000
8, 705, 700
25, 341, 000
36,400, 000
120,588,311
20, 541,170. 30
25,766 256 45
48, 461, 626. 50
77,144, 346. 25
67, 886, 353. 00
23, 617, 637. 50
25, 265, 835. 00
30, 877, 475.00
36, 439, 300. 00
1872.
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 d o l l a r s
F i v e h u n d r e d dollars
One t h o u s a n d dollars
Total
74
REPORT ON T H E F I N A N C E S .
N ® . 3 0 o — U N I T E D STATES NOTES 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 F I S C A L YEAR—Continued.
I s s u e d during year. T o t a l issued.
Redeemed
during year.
$6,981,567
7, 816, 000
9, 537, 500
9, 930, 000
10, 284, 000
. . . 3, 000, 000
4, 792, 000
3, 067, 000
8,111,000
$60,963, 770
70,183,128
131, 940, 000
167, 970, 000
146,600, 000
54,190, 200
64,110,000
86, 611, 000
190, 371, 000
$6,517,793.20
7,712, 608. 55
9, 903, 055. 00
12, 367, 770. 75
10, 732, 676. 50
1, 755,468. 00
2, 692, 370. 00
5, 529, 025. 00
6, 808, 300. 00
$35, 752, 038.50 $25, 211 731 50
42, 708, 272. 00
27,474 856 00
85, 540, 032. 50
46, 399, 907. 50
94, 637, 930. 00 73,332, 070. 00
79,426, 300.00
67,173, 700. 00
26,196, 875. 00
27, 993, 325. 00
36, 369, 200.00
27, 740, 800. 00
61, 347, 000.00
25, 26'4, 000. 00
158,165, 000. 00
38, 206, 000. 00
63, 519, 067
978,939,098
64, 019, 067. 00
1,000,000.00
021, 939, 098. 00
1, 000, 000. 00
357, 000, 000. 00
1,000 000 00
63, 519, 067
978,939,098
65, 019, 067. 00
622, 939, 098. 00
356, 000, 000. 00
8, 931, 669
10,177, 520
12, 595, 760
15, 665,240
14,178,400
5, 230, 000
9,503,300
17, 065, 000
27,057, 000
69, 895, 439
80, 360, 648
144, 535, 760
183, 635, 240
160,778, 400
59, 420, 200
73, 613, 300
103, 676, 000
223, 428, 000
8,571, 888. 50
9, 534, 938. 00
8, 452, 272. 50
12, 273, 385. 00
8, 887, 230. 00
2, 030, 775. 00
2, 695,400. 00
34,118, 000.00
7, 840, 000. 00
44, 323, 927.00
52, 243, 210. 00
93, 992, 305. 00
106, 911, 315. 00
88, 313, 530. 00
30,024,100 00
39, 064, 600. 00
95, 465, 000. 00
166, 005, 000.00
25, 571, 512. 00
28,117, 438. 00
50, 543, 455. 00
76, 723, 925. 00
72,464, 870. 00
29, 396,100. 00
34, 548, 700. 00
8, 211, 000. 00
57, 423, 000. 00
120, 403, 889 1,099,342,987
94, 403, 889. 00
716, 342, 987. 00
1,000, 000. 00
383, 000, 000.00
1, 000, 000. 00
120,403, 889 1, 099, 342, 987
94, 403, 889. 00
717, 342,987. 00
382, 000, 000. 00
12, 780, 804. 50
12, 706, 512. 00
12, 617, 201.50
17,129, 380. 00
15, 242, 828. 00
7, 096, 850. 00
6, 620. 800. 00
5, 463; 000. 00
20, 479, 000. 00
57,104, 731. 50
64, 949,722. 00
106,609,506.50
124,040, 695. 00
103, 556,358.00
37,120, 950.00
45, 685, 400. 00
100, 928, 000. 00
186, 484, 000.00
103, 907, 956 1, 203, 250, 943 110,136, 376. 00
826,479, 363. 00
1, 000, 000. 00
376, 771, 580. 00
1, 000, 000.00
103, 907, 956 1, 203, 250, 943 110,136,376.00
827, 479, 363. 00
375, 771, 580. 00
Denomiuatiou.
1873.
One dollar
T w o dollars
F i v e dollars . .
T e n dollars
T w e n t v dollars
Fiftv 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 dollars
One t h o u s a n d dollars
Total
Net
T o t a i redeemed. O u t s t a n d i n g .
1874.
T w o clollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fiftv 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 d o l l a r s
Total
Net
1875.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fiftv dollars
One hundred dollars
F i v e h u n d r e d dollars
O n e t h o u s a n d doUars
Total
Unknown, destroyed
Net
14, 626,156
10,934,400
6, 926, 000
13,560,000
10,160, 000
8, 960,700
3, 290, 700
27,950, 000
7,500, 000
84, 521, 595
91, 295, 048
151,461,760
197,195,240
170, 938,400
68, 380, 900
76, 904, 000
131, 626, 000
230, 928, 000
27, 416, 863. 50
26,345 326 00
44, 852, 253. 50
73,154,545.00
67, 382, 042.00
31,259 950 00
31, 218, 600.00
30, 698, 000. 00
44,444, 000.00
1876.
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 n u n d r e d clollars
F i v e h u n d r e d dollars
One thousand dollars
13, 444, 758
12,792,000
13, 080, 000
11,196,000
12,184, 000
10,151, 000
5, 680, 000
12, 450, 000
200, 000
97, 966, 353
104, 087, 048
164,541, 760
208, 391, 240
183,122, 400
78, 531, 900
82, 584, 000
144, 076, 000
231,128, 000
12, 854,116. 60
11, 656, 846.40
11, 614, 081.00
14, 945, 686.00
13,187, 379.00
5, 922,185. 00
9, 676, 760. 00
9, 379, 500. 00
. 7, 940, 500. 00
69, 958,848.10
76, 606, 568. 40
118, 223, 587. 50
138, 986, 381. 00
116,743, 737. 00
43,043,135. 00
55, 362,160. 00
110. 307, 500. 00
194, 424, 500. 00
Total
Unknown, destroyed
91,177,758 1, 294,428, 701
97,177, 054.00
923, 656, 417. 00
1, 000, 000. 00
370, 772, 284. 00
1,000,000.00
91,177,758 1, 294,428, 701
97,177,054. 00
924,656,417.00
369, 772, 284.00
O n e dollar
T w o dollars
F i v e dollars
Ten dollars
T w e n t y dollars . . . .
Fifty dollars
One'hundred dollars .;
F i v e hundred dollars
One t h o u s a n d dollars
10,147, 399
9, 432, 000
14,180,000
7, 320, 000
8,160, 000
5, 983, 300
6, 985, 200
5,733,000
4, 500, 000
12, 994, 606.10
11, 542, 653. 40
11,199, 948. 50
12,189,152. 00
11, 931, 466.00
5, 559,155. 00
4, 796, 870. 00
5, 617, 000. 00
6, 618, 000. 00
82, 953, 454. 20
88,149, 221.80
129, 423,536.00
151,175, 533. 00
128, 675, 203.00
48, 602, 290.00
60,159, 030.00
115, 924, 500. 00
201, 042, 500.00
25,160, 297. 80
25, 369, 826. 20
49 298 2*^4 00
64, 535, 707.00
62, 607,197. 00
35, 912, 910. 00
29, 410,170. 00
33, 884, 500. 00
34, 585, 500. 00
Total
Unknown, destroyed.
72, 440, 899 1, 366, 869, 600
82,448,851.00 1. 006,105, 268.00
1, 000, 000. 00
360 764 332 00
1, 000, 000.00
72,440, 899 1, 366, 869, 600
82, 448,851. 00 1, 007,105, 268. 00
359, 764,332.00
Net
28, 007,504. 90
27,480 479 60
46,318,172.50
69, 404, 859,00
66 378 663 00
35,488, 765.00
27, 221, 840. 00
33, 768, 500. 00
36, 703, 500. 00
1877.
Net
108,113, 752
113, 519, 048
178,721, 760
215, 711, 240
191, 282, 400
84, 515, 200
89, 569, 200
149, 809, 000
235,628,000
75
TREASURER.
No.
3 0 . — U N I T E D STATES NOTES OF EACH DENOMINATION ISSUED, R E D E E M E D , AND
OUTSTANDING AT T H E CLOSE OF EACH FISCAL YEAR—Continued.
Denomination.
Issued during year. Total issued.
Redeemed
during year.
Total redeemed.
Outstanding.
1878.
One dollar
Two dollars
Five dollars
Ten doUars
Twenty dollars
Fifty doUars
One hundred doUars .
Five hundred dollaiG.
One thousand dollars.
$7, 562, 351 $115,676,103 $11,792,774.50
6, 288, 000 119, 807, 048 10, 746, 878. 00
15, 820, 000 194, 541, 760 10, 448, 667. 50
11, 380, 000 227, 091, 240 10, 364, 063. 00
9, 200, 000 200,482, 400 9, 086, 554. 00
• 87, 715,200 11,930,230.00
3,200,000
95,977,800
4,194,100.00
6, 408, 600
154, 626, 000 7, 823, 000. 00
4,817,000
2, 600, 000 238, 228, 000 3, 973, 000. 00
Total
Unknown, destroyed .
67, 275, 951 1, 434,145, 551 80, 359, 267. 00 1, 086,464, 535. 00 347, 681,016. 00
1,000, 000. 00
1, 000, 000.00
Net
$94, 746, 228. 70 $20, 929,874. 30
20, 910,948. 20
54, 669,556. 50
139, 872,203.50
65, 551,644.00
161,539, 596.00
137, 761,757. 00 62, 720,643.00
60, 532,520. 00 27,182, 080. 00
31, 624,670. 00
64,353, 130.00
123,747, 500. 00 30, 878.500. 00
33, 212,500. 00
205, 015,500.00
67, 275, 951 1, 434,14.5, 551 80, 359, 267. 00 1,087,464, 535.00 346, 681, 016.00
1879.
122,179, 236 9, 223,026. 50
125, 699,048 8,710, 295.00
205, 601, 760 11, 622,443.50
236, 371, 240 10,193, 082. 00
207, 882,400 9, 649,756.00
90,115, 200 4, 059,340. 00
100, 985, 500 4, 593,890. 00
160, 276, 000 3, 959,000.00
242,128, 000 2, 042,000. 00
4,005, 000
5, 000.00
3, 010, 000
50, 000. 00
One dollar
Two dollars
Five dollars
Ten doUars
Twenty dollars
Fifty dollars
One hundred dollars...
Five huudred dollars..
One thousaud dollars..
Five thousand dollars.
Ten thousand dollars..
6, 503,133
5, 892, 000
11, 060, 000
9, 280, 000
7,400, 000
2, 400, 000
5, 007,700
5, 650, 000
3,900, 000
4, 005, 000
3, 010, 000
Total
Unknown, destroyed .
64,107, 833 1,498,253,384
Net.
103, 969,255. 20
107, 606,394.80
151, 494,647. 00
171, 732,678.00
147, 411,513. 00
64, 591,860. 00
68, 947,020.00
127,706,500.00
207, 057,500.00
5, 000. 00
50, 000.00
18, 209,986. 80
18, 092,653. 20
54,107, 113.00
64, 638,562. OO
60,470, 887. OO
25,523, 340. 00
32, 038,480. 00
32, 569,500. 00
35, 070,500. OO
4,000, 000. 00
2, 960,000.00
64,107, 833. 00 1,150,572, 368. 00 347, 681,016. 00
1, 000,000. 00
1,000,000.00
64,107, 833 1,498, 253, 384 64,107,833.00 1,151, 572, 368. 00 346,681,016. 00
1880.
One dollar...
Two dollars
Five clollars
Ten dollars
Twenty doUars
Fifty dollars
One hundred clollars —
Five huudred dollars..
One thousand dollars..
Five thousand dollars.
Ten thousand dollars..
9, 057,863
8, 232, COO
19, 680,000
16, 520,000
17, 360, 000
1, 400, 000
3, 052, 700
2, 300, 000
700,000
1,000,000
2,000, 000
Total
Unknown, destroyed.
81, 302, 563 1, 579, 555, 947 81,302, 563.00 1, 231, 874, 931. 00 347, 681, 016. 00
1, 000, 000. 00 I, 000, 000. 00
Net .
131,237, 099 6, 935,
511. 80
133, 931, 048
5, 971,840. 20
225, 281, 760 8,354,565. 00
252, 891, 240 6,241,811.00
225, 242, 400 5, 687,680.00
91, 515, 200 2,114,345. 00
104, 038. 200 2, 293,310. 00
162, 576, 000 15, 645,500.00
242, 828, 000 19, 238,000. 00
5, 005, 000 4,320. 000. 00
5,010,000 4, 500,000.00
110, 904,767. 00
113, 578,235. 00
159, 849,212. 00
177, 974,489. 00
153,099, 193.00
66, 706,205. 00
71, 240,330. 00
143, 352,000.00
226, 295,500. 00
4,325, 000. 00
4, 550,000. 00
20, 332,332. OO
20, 352,813.00
65, 432,548. 00
74, 916,751.00
72,143, 207.00
24, 808,995. 00
32,797, 870. 00
19, 224,000. 00
16, 532,500. 00
680, 000. 00
460, 000.00
81,302, 563 1, 579, 555, 947 81, 302, 563. 00 1, 232, 874,931. 00346,681,016.00
1881.
One dollar
Two dollars
Five doUars
Ten clollars
Twenty dollars
Fiftydollars
One hundred dollars—
Five hundred dollars..
One thousand dollars..
Five thousand dollars.
Ten thousand doUars..
9,889, 034
8, 752, 000
14, 760, 000
9,160,000
6,240, 000
1, 200, 000
2, 944, 300
700, 000
900, 000
Total
Unknown, destroyed.
54, 545, 334 1. 634,101. 281 54, 545, 334, 00 1, 286, 420, 265. 00 347, 681, 016. 00
1, 000, 000. 00 I 000, 000. 00
,
Net
1882.
One dollar
Two doUars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars..
141,126,133
7,575, 604.40
690. 60
142, 683, 048 6, 860,
240, 041, 760 10, 623,470. 00
262, 051, 240 7, 086,364.00
231,482, 400 6, 111,610. 00
92, 715, 200 2, 306,085. 00
106, 982, 500 2, 794,510.00
163, 276, 000 5,354, 000. 00
243, 728, 000 5, 408,000.00
5, 005. 000
225, 000. 00
5, 010, 000
200, 000.00
118,480, 371. 40
120,438, 925.60
170, 472,682. 00
185, 060,853. 00
159,210, 803.00
69, 012,290. 00
74, 034,840. 00
148, 706,000.00
231, 703,500. 00
000. 00
4, .550,
4,750, 000. 00
22, 645,761. 60
22, 244,122.40
69, 569,078. 00
76, 990,387. 00
72,271, 597. 00
23, 702,910. 00
32,947, 660. 00
14, 570,000. 00
12, 024,500. OO
455, 000. 00
260, 000. 00
54, 545, 334 1, 634,101, 281 54, 545,334.00 1, 287,420, 265. 00 346, 681, 016. 00
11, 445, 524
10, 472, 000
14, 280, 000
6, 680..000
5, 680, 000
3, 200, 000
4, 527, 900
152, 571, 657 8, 370, 332. 00
.1.53,155, 048 8, 093, 497. 00
254,321,760 16, 506, 538. 00
268, 731, 240 10,885,621.00
237,162, 400 9, 294,126. 00
95; 915, 200 2, 711,140. 00
111, 510, 400 3, 006,170.00
126, 850,703.40
128, 532, 422. 60
186, 979, 220. 00
195, 946, 474. 00
168, 504, 929. 00
71,723, 430. 00
77,041,010.00
25, 720, 953. 60
24, 622,625.40
67, 342, 540.00
72, 784, 766. 00
68,657,47L00
24,191,770.00
34, 469, 390, 00
76
No.
REPORT ON T H E FINANCES.
S O . — U N I T E D STATES N O T E S OF EACH DENOMINATION ISSUED, R E D E E M E D , AND
OUTSTANDING AT T H E CLOSE OF EACH F I S C A L YEAR—Continued.
I s s u e d dur- T o t a l i s s u e d .
ing year.
Redeemed
Total redeemed. Outstanding.
during year.
F i v e h u n d r e d dollars
One thousand 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
$1,750, 000
I, 500, 000
4, 995, 000
14, 990, 000
$165, 026, 000
245, 228, 000
10, 000, 000
20,000, 000
$1, 444, 000. 00 $150,150, 000.00
232, 892,500.00
1,189,000. 00
9,580, 000. 00
5, 030, 000. 00
17, 740, 000. 00
12,990, 000. 00
$14, 876, 000.00
12,335, 500.00
420, 000.00
2, 260, 000. 00
Total
Unknown, destroyed
79, 520, 424 1, 713, 621, 705
79, 520, 424. 00 1,365,940, 689. 00
1, 000, 000.00
347, 681, 016.00
1, 000, 000.00
79, 520,424 1, 713, 621, 705
79, 520, 424. 00 1, 366, 940, 689. 00 346, 681,016. 00
11, 986,114
9, 672, 000
22, 860, 000
14, 240, 000
0, 000, 000
3, 900, 000
4, 356, 600
2, 350, 000
4, 400, 000
10,000,000
20, 000, 000
9, 970, 610. 80
8, 770, 231. 20
19, 052, 455.00
14, 291, 880. 00
12, 210, 562. 00
4, 205, 875. 00
4, 523, 600.00
2,127, 500. 00
2, 407, 000. 00
10,105,000.00.
22,100, 000. 00
Denomination.
1882.
Net
1883.
Net
27, 736, 456. 80
25, 524, 394. 20
71,150, 085.00
72, 732, 886.00
62, 446, 909. 00
23,885, 895.00
34, 302, 390.00
15, 098, 500.00
14, 328, .500.00
315, 000. 00
160, 000. 00
347,681,016.00
1,000,000.00
109, 764, 714 I, 823, 386,419 109,764, 714. 00 1, 476,705, 403. 00
Total
Unknown, destroyed
136, 821, 314. 20
137, 302, 653. 80
206, 031, 675. 00
210, 238, 354. 00
180, 715. 491. 00
75, 929, 305. 00
81, 564, 610.00
152, 277, 500.00
235, 299, 500. 00
19, 685, 000.00
39, 840, 000. 00
109, 764,714 1, 823, 386,419 109, 764, 714. 00 1,475, 705, 403. 00
1,000, 000. 00
O n e dollar
T w o doUars =
.
FiA'e d o l l a r s
T e n doUars
....
T w e n t y dollars
Fifty dollars
One hundred dollars
F i v e h u n d r e d dollars
O n e t h o u s a n d doUars
F i v e thousand dollars
T e n t h o u s a n d dollars
346, 681, 016.00
164, 557, 771
162, 827, 048
277,181,760
282, 971, 240
243,162, 400
99, 815, 200
115,867,000
167, 376, 000
249, 628, 000
20, 000, 000
40,000,000
1884.
146, 840, 822. 20
145, 737,161.80
225. 048, 845. 00
225, 604, 224.00
194, 387, 771. 00
80, 806, 305. 00
87,463. 010. 00
155, 362; 000. 00
240, 593, 500.00
19, 870, 000. 00
39, 940, 000. 00
26, 660,184. 80
24, 897, 886. 20
75,552,915.00
69, 527, 016. 00
58,054, 629. 00
23, 208, 895. 00
33, 640, 990. 00
16, 914, OOb. 00
19, 034, 500.00
130, 000. 00
60, 000. 00
85, 948, 236 1,909,334,655
85, 948, 236. 00 1, 561, 653, 639. 00
1,000, 000.00
347, 681, 016. 00
1, 000, 000.00
85, 948, 236 1, 909, 334, 655
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y clollars
Fiftv dollars
O n e h u n d r e d dollars
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 dollars
T e n thousand dollars
85, 948, 236.00 1,562, 653, 639. 00
346, 681, 016.00
10,187,153
10, 856, 000
19, 300, 000
9, 640, 000
9, 760, 000
4, 800, 000
5, 600, 000
2, 350, 000
12, 000, 000
11, 895, 276.00
10, 458, 817. 00
18, 855,110. 00
14, 627, 630. 00
12, 688,120. 00
4,549, 000. 00
6, 344, 200. 00
2,707, 000. 00
2,318,000.00
30, 000. 00
20, 000. 00
8, 943, 236
7, 808, 000
23, 420, 000
12,160,000
•- 9, 280,000
2, 200, 000
5, 237, 000
4, 900, 000
10, 000,000
Total
Unknown, destroyed
Net
1885.
O n e 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 doUars
One hundred dollars
Five hundred 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 thousand dollars
173, 501, 007 10, 019, 508. 00
170, 635, 048
8, 434, 508. 00
300, 601, 760 •19, 017,170. 00
295,131, 240 15, 365, 870. 00
252, 442, 400 13, 672, 280. 00
104,015, 200
4, 877, 000.00
121,104,000
5, 898, 400. 00
172, 276, 000
3, 084, 500. 00
259, 628, 000
5, 294, 000. 00
20, 000, 000
185, 000. 00 .
40, 000, 000
100, 000. 00
Net
24, 952, 061.80
25, 295, 069.20
75 997, 805 00
64 539, 386 00
55,126,509. 00
23,459, 895. 00
32, 896, 790.00
16, 557, 000.00
28,716,500.00
100, 000.00
40, 000. 00
84,493,153 1,993, 827,808
84, 493,153. 00 1, 646,146, 792. 00
1, 000, 000. 00
347, 681, 016.00
1,000,000.00
84, 493,153 1, 993, 827, 808
Total
Unknown, destroyed
158, 736, 098. 20
156,195, 978. 80
243, 903, 955. 00
240,231,854.00
207,075, 891. 00
85, 355, 305. 00
93,807,210.00
158, 069, 000. 00
242, 911, 500. 00
19, 900, 000. 00
39,960, 000. 00
84,493,153.00 1, 647,146,792. 00
346, 681, 016. 00
166, 084, 237. 60
163, 286, 678. 40
255,592,541.00
248, 072, 579. 00
214, 244, 021. 00
87, 523,935. 00
100, 044, 300. 00
162, 602, 000. 00
251,766, 500.00
19, 940, 000. 00
39,990, 000. 00
17, 603,922. 40
18 204, 369 60
85,629,219.00
66, 658, 661.00
55 078, 379 00
23, 291, 265.00
31, 359,700. 00
12, 424, 000. 00
37,361,500.00
60, 000. 00
10, 000 00
183, 688,160
181, 491, 048
319,901,760
304, 771, 240
262, 202,400
108, 815, 200
126, 704,000
174, 626, 000
271, 628, 000
20, 000, 000
40, 000, 000
1886.
O n e dollar
T w o dollars
F i v e clollars
Ten dollars T w e n t y dollars
F i f t y doUars
One h u u d r e d dollars
F i v e h u u 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 thousancl doUars
Ten thousand dollars .
21, 320, 000
9, 960, 000
7, .120, 000
2, 000, 000
4,700,000
400, 000
17,500,000
Total
Unknown, destroyed
63, 000, 000 2, 056, 827, 808
63, 000, 000. 00 1, 709,146, 792. 00
1, 000, 000. 00
347, 681, 016. 00
1 000 000 00
63, 000, 000 2, 056, 827, 808
63, 000, 000. 00 1, 710,146, 792. 00
346, 681, 016.00
Net
183, 688,160
181, 491, 048
341, 221, 760
314, 731, 240
269, 322, 400
110, 815, 200
131,404, 000
175, 026, 000
289,128, 000
20, 000, 000
40, 000, 000
7,348,139.40
7, 090, 699. 60
11, 688, 586. 00
7, 840, 725. 00
7,168,130. 00
2,168, 630. 00
6, 237,090. 00
4, 533, 000.00
8,855,000.00
40, 000. 00
30, 000. 00
77
TEEAS0REE.
N o . 3 0 . — U N I T E D STATES NOTES O F EACH DENOMINATION I S S U E D , R E D E E M E D , AND
OUTSTANDING AT T H E CLOSE O F EACH F I S C A L YEAR—Continued.
1887.
O n e dollar
T w o dollars
F i v e dollars
Ten dollars
T w e n t y dollars
Fiftydollars
O n e h u n d r e d dollars
F i v e hundrecl dollars
O n e t h o u s a n d dollars
Issued during year. Total issued.
Redeeraed
during year.
Total redeemed. Outstanding.
$183, 688,160
181,491,048
367, 961, 760
337, 371. 240
285, 562; 400
112, 815, 200
134, 204, 000
175, 026, 000
292, 776, 000
20, 000, 000
40, 000, 000
$8, 806,545.90
9,195,797. 60
17, 304, 368.50
8, 927,190. 00
7, 389, 018. 00
3, 382, 280. 00
4, 516, 300.00
4, 719, 500.00
9,812, 000. 00
15, 000. 00
$174,890,783.50
172, 482,476.00
272, 896, 909. 50
256,999,769.00
221, 633, 039. 00
90, 906, 215. 00
104,560, 600. 00
167, 321, 500. 00
261, 578, 500. 00
19, 955, 000.00
39, 990, 000.00
$8, 797, 376. 50
9 008 .572 00
95 064 850 50
80,371,471.00
63, 929,361. OO
21,908,985.00
29, 643,400. 00
7, 704, 500. 00
31,197, 500.00
45 000 00'
10,000. OO
74, 068, 000 2,130,895, 808
74,068, 000. 00 1,783,214, 792. 00
1, 000, 000. 00
347,681,016.00
1, 000, 000. 00
74,068, 000 2,130, 895, 808
Denomination.
74, 068, 000. 00 1, 784,214,792. 00
346,681, 016. 00
!-- --$26, 740, 000
22,640, 000
16, 240, 000
2, 000, 000
2, 800, 000
3, 648, 000
T e n t h o u s a n d dollars
Total
Unknown, destroyed
Net
1888.
One 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 v 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 doUars
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
7, 300, 000
17, 000, 000
28, 800,000
2, 800, 000
4, 900, 000
1, 500, 000
1, 352, 000
183, 688,160
181, 491, 048
375, 261,760
354,371, 240
314, 362,400
115, 615, 200
139,104,000
176, 526, 000
294,128, 000
20, 000, 000
40, 000, 000
Total
63, 652, 000 2,194, 547, 808
Unknown, destroyed.......
Net
63, 652, 000 2,194,547, 808
3, 617,144. 00
4, 031, 636. 00
21, 309, 978. 00
11.107, 070. 00
7, 915, 437. 00
2, 838, 435. 00
3, 439, 300. 00
1,136, 500. 00
8, 246, 500. 00
10, 000. 00
178, 507, 927. 50
176,514,112.00
294, 206, 887. 50
268,106, 839. 00
229, 548, 476. 00
93, 744. 650. 00
107, 999, 900. 00
168,458, 000. 00
269, 825, 000. 00
19, 965, 000. 00
39, 990, 000. 00
5,180, 232.50
4 976 936 00
81, 054, 872.50
86,264,401. 00
84, 813, 924. 00
21. 870, 550. 00
31,104,100. 00
8, 068,000. 00
24, 303, 000. 00
35 000 OO
10,000.00
63, 652, OOO 00 1, 846, 866, 792.00
1, 000, 000. 00
347,681 016 OO
1 000 000 OO
63, 652,000.00 1,847, 866, 792.00
346 681 016 00
179, 973, 632.10
178,139, 754.40
316, 926, 799.50
281, 506, 987. 00
239, 829,154. 00
97, 372, 785. 00
111, 895,180. 00
169, 776, 500. 00
270, 941, 000. 00
19,965,000.00
39, 990,000. 00
3,714 527 90
3, 351, 293. 60
58, 334, 960. 50
86, 584, 253. 00
93,413 246.00
24, 242, 415. 00
34, 808, 820. 00
14, 499, 500. 00
28, 687, 000. 00
35, 000. 00
10,000. 00
1889.
One dollar
T w o dollars
F i v e dollars
Ten dollars
T w e n t y dollars
Fifty dollars
O n e ' h u n d r e d dollars
F i v e hundred dollars
One t h o u s a u d d o l l a r s
F i v e t h o u s a n d clollars
T e n thousand dollars
13, 720, 000
18, 880, 000
6, 000, 000
7, 600, 000
7, 750, 000
5, 500, 000
Total
Unknown, destroyed
59, 450, 000 2, 253,997, 808
59,450, 000.00 1,906,316,792.00
1, 000, 000. 00
347, 681 016 00
1,000, 000. 00
59, 450, 000 2, 253, 997, 808
59,450, 000. 00 1,907,316,792.00
346, 681, 016.00
O n e dollar
T w o dollars
F i v e dollars
T e n doUars
T w e n t y dollars
F i f t y doUars
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 d o l l a r s
F i v e thousand dollars .
Ten thousand dollars. .
216, 000
216,000
20, 020, 000
19, 720, 000
31,360,000
I, 800, 000
3,400, 000
1, 400, 000
638,174. 70
694, 414. 80
20, 624, 576. 50
15, 893, 453.00
13, 286, 896. 00
4, 580, 015. 00
5, 684, 470.00
4, 571, 000. 00
12,149, 000. 00
10,000.00
Total
Unknown, destroyed
Net
183, 688,160
181, 491, 048
375, 261, 760
368, 091, 240
333, 242, 400
121, 615, 200
146,704,000
184,276, 000
299, 628, 000
20, 000, 000
40, 000, 000
1,465, 704. 60
1, 625, 642. 40
22, 719, 912. 00
13,400,148. 00
10, 280, 678. 00
3, 628,135. 00
3, 895, 280. 00
1, 318, 500. 00
1,116, OOO 00
1890
3,292,353.20
2, 872, 878.80
57, 730, 384. 00
90 410 800 00
111, 486, 350. 00
21,462,40O 00
32, 524, 350. OO
11, 328, 500. 00
16, 538, 000. 00
25, 000. 00
10, 000. 00
78,132, 000 2, 332,129, 808
78,132, 000.00 1, 984,448, 792. 00
1, 000, 000. 00
347, 681,016.00
1, OOO, 000. 00
78,132,000 2, 332,129, 808
Net
180, 611, 806. 80
178, 834,169. 20
337, 551, 376. 00
297,400, 440. 00
253,116, 050. 00
101, 952, 800.00
117, 579, 650. 00
174,347, 500. 00
283, 090, 000. 00
19, 975, 000. 00
39, 990, 000.00
78,132, 000. 00 I, 985,448, 792.00
346, 681,016. 00
180, 989,959.80
179, 247,166. 20
354, 254, 771.00
315, 665, 865. 00
271, 006, 030. 00
105, 971, 650.00
123, 484, 350.00
177,298,000.00
3, 390, 200. 20
3, 315, 881. 80
57, 526,989. 00
91, 585, 375.00
118, 716, 370. 00
18,843, .550.00
28,719, 650.00
9,378, 000.00
183, 904,160
181, 707, 048
395, 281, 760
387, 811, 240
364, 602, 400
123, 415, 200
150,104, 000
1.85, 676, 000
299, 628, 000
20, 000, 000
40, 000, 000
1891.
OnftdollaT
. . a...»
T w o dollars
F i v e dollars
.
T e n dollars
T w e n t y dollars
Fifty dollars
One'hundred dollars
F i v e hundred dollars
476,000
856, 000
16, 500, 000
19, 440, 000
. 25,120, 000
I, 800, 000
2,100, 000
600, 000
184, 380,160
182, 563, 048
411,781,760
407, 251, 240
389, 722, 400
124, 81.5, 200
152, 204, 000
186, 676, 000
378,153.00
412, 997. 00
16, 703, 395. 00
18, 265, 425. 00
17, 889, 980 00
4,018,850.00
5, 904, 700. 00
2, 950, 500. 00
78
No.
REPORT ON T H E FINANCES.
3 0 . — U N I T E D STATES N O T E S O F EACH DENOMINATION ISSUED, R E D E E M E D , AND
OUTSTANDING AT T H E CLOSE O F EACH F I S C A L YEAR—Continued.
I s s u e d dur- Totalissued.
ing year.
Denomination.
1891.
One t h o u s a n d dollars
$3,900, 000
$303,528, 000
20, 000, 000
40,000, 000
Redeemed
d u r i n g year. Total redeemed. Outstanding.
$4,258,000.00
10, 000.00
$287, 348, 000. 00 $16,180, 000.00
19, 985, 000. 00
15, 000. 00
39, 990, 000. 00
10, 000. 00
70, 792, 000 2,402,921, 808
70,792, 000. 00 2,055,^240,792.00
1, 000, 000. 00
347,681,016.00
1, 000, 000. 00
70, 792, 000 2, 402,921, 808
70, 792, 000. 00 2, 056, 240, 792. 00
346, 681,016.00
181, 526, 094. 80
179,817, 586. 20
369,667, 556.00
333,892, 285. 00
289,478, 470.00
109, 645,050. 00
128,178, 250.00
179, 676, 500. 00
289, 648, 000.00
19, 985, 000. 00
39, 990, 000. 00
4, 062, 065. 20
3,081,461.80
61, 594, 204.00
92, 638, 955. 00
112, 803, 930.00
16,870,150.00
26,105, 750.00
12, 51.9, 500. 00
17, 980, 000.00
15, 000. 00
10, 000.00
66, 264, 000 2,469,185, 808
66, 264, 000. 00 2,121, 504, 792. 00
1, 000, 000. 00
347. 681, 016. 00
I, 000, 000.00
66, 264, 000 2, 469,185, 808
Total
Unknown destroved
66, 264, 000.00 2,122,504,792.00
346, 681, 016.00
. .
Net
1892.
One dollar
. . . . . . . . . . . 1, 208, 000
336, 000
T w o dollars
19,480,000
F i v e dollars
19, 280, 000
T e n dollars
12, 560, 000
T w e n t y dollars
1,700,000
F i f t y doUars
2, 080,000
One'hunclred d o l l a r s
5, 520, 000
F i v e h u n d r e d dollars
One t h o u s a u d dollars
- 4,100, 000
Total
UnknoAvn, d e s t r o y e d
Net
185, 588,160
182, 899, 048
431, 261,760
426,531,240
402, 282,400
126, 515, 200
154, 284, 000
192,196, 000
307, 628, 000
20, 000, 000
40, 000, 000
536,135. 00
570, 420. 00
15, 412, 785. 00
18, 226, 420. 00
18, 472, 440. 00
3, 673, 400. 00
4, 693,900.00
2, 378, 500.00
2,300,000. 00
1893.
208, 000
528,000
19,640,000
22, 320, 000
17, 040, 000
2, 300, 000
4, 520,000
6,180, 000
18, 380, 000
R i v e dollars
T e n dollars
Tw^enty d o l l a r s
F i f t y clollars
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
185, 796,160
183,427, 048
450,901, 760
448,851,240
419, 322,400
128,815, 200
158, 804, 000
198, 376, 000
326, 008, 000
20, 000, 000
40,000, 000
873, 902. 00
757, 018. 00
19, 031, 950.00
23,905, 380. 00
28, 366, 300. 00
4,730, 850. 00
7, 220, 600.00
2, 454, 000. 00
3, 776, 000. 00
182, 399, 996. 80
3, 396,163. 20
180, 574, 604. 20
2, 852, 443. 80
388, 699, 506.00
62, 202, 254. 00
357,797, 665.60
91, 053,575. 00
Sll, 844, 770.00 101,477, 630.00
114,375, 900. 00
14,439, 300.00
135, 398, 850.00
23,405,150.00
182,130, 500. 00
16, 245, 500.00
293,424, 000. 00
32, 584, 000.00
19, 985, 000.00
15, 000.00
39, 990, 000. 00
10, 000. 00
91,116,000 2, 560,301,808
91,116, OOO 00 2, 213, 620,792. 00
346,681, 010. 00
183,159, 715. 80
181, 220, 645. 20
409, 256, 976.00
382, 436, 955. 00
343,476, 650.00
117,151,800.00
138,903, 050. 00
186, 337, 000.00
301,663,000.00
19, 985, 000. 00
39, 990,000. 00
3,052,444. 20
2, 470, 402. 80
52,784, 784. 00
84,094, 285.00
95,125,750.00
14,133.400.00
23, 990,950.00
12, 039, 000.00
59,965, 000.00
15, 000.00
10, 000. 00
90, 960, 000 2, 651,261,808
90,960, 000.00 2, 303,580, 792. 00
1,000,000.00
347, 681,016. 00
1,000, 000.00
90,960, 000 2,651,261,808
'^'et
91,116, 000. 00 2, 212, 620, 792. 00 347, 681,016.00
1, 000, 000. 00
1, 000, 000. 00
91,116, 000 2, 560, 301, 808
Total
Unknown, destroyed
90,960, 000. 00 2, 304,580,792. 00
346, 681, 016. 00
183, 759, 048. 80
181, 718,947. 20
425, 720. 341. 00
402, 482, 525.00
364,397, 230. 00
120, 372,750.00
143, 529, 450.00
189, 098, 500.00
307, 247, 000. 00
19,985, 000. 00
39,990,000.00
3 185 111 20
2,580,100.80
54, 321,419.00
80,808,715.00
89,725,170.00
12,442,450.00
21, 574, 550.00
9, 277, 500.00
73,741,000.00
15, 000. 00
10, 000. 00
74,720, 000 2,725, 981,808
74,720,000.00 2, 378, 300, 792.00
1, 000,000. 00
347, 681, 016.00
1,000 000 00
74,720,000 2, 725, 981,808
74, 720,000. 00 2, 379, 300,792. 00
346, 681, 016.00
1894.
'One dollar
T w o doUars .
.
F i v e dollars
Teu 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
O n e t h o u s a n d dollars
F i v e t h o u s a n d doUara
T e n thousand dollars
-
416,000
264, 000
." 11,140, 000
17, 680,000
19, 280, 000
2, 470,000
4, 090,000
Total
U n k n o w n destroved
]Sret
1895.
35, 020, 000
-
-
•
Net
759,719. 00
646,041. 00
20, 557,470. 00
24,639, 290.00
25, 631, 880.00
2, 775, 900.00
3, 504, 200. 00
4, 206, 500.00
8, 239, 000.00
•
•Onftdollar
..« . • • •
732,000
T w o dollara
008, 000
F i v e dollars .
•.' . 18,000,000
16,760,000
Ten dollars
15, 520,000
T w e n t y dollars
1, 530, 000
Fifty dollars
2, 210, 000
One n u n d r e d dollars
F i v e h u n d r e d dollars
19,360,000
O n e t h o u s a n d dollara
F i v e t h o u s a n d dollars
T e n t h o u s a n d dollara
Total
U n k n o w n destroyed
186, 212,160
183, 691, 048
462, 041, 760
466, 531, 240
438, 602, 400
131,285,200
162, 894,000
198, 376, 000
361, 628, 000
20, 000, 000
40,000, aoo
186, 944,160
184, 299, 048
480, 041,760
483, 291, 240
454,122,400
132, 815, 200
165,104, 000
198.376, 000
380, 988, 000
20, 000, 000
40,000,000
599, 333. 00
498, 302. 00
16, 463, 365. 00
20, 045, 570. 00
20, 920, 580. 00
3, 220, 950. 00
4, 626,400. 00
2,761, 500. 00
5, 584, 000.00
79
TREASUEER.
N o . 3 0 . — U N I T E D STATES NOTES OF EACH DENOMINATION ISSUED, R E D E E M E D , AND
OUTSTANDING AT T H E CLOSE OF EACH F I S C A L YEAR—Coutinued.
Denomination.
1896.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y doUars
Fiftv dollars
One hundred 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 thousand dollars
T e n t h o u s a n d dollars
Total
Unknown, destroyed
Net
•
. 1897.
O n e doUar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fifty dollars . .
One'hundred dollars
Five-hundred dollars
One thousand dollars
F i v e thousand dollars
Ten thousand dollars
Total
...
Unknown, destroyed
Net
1898.
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
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 d o U a r s . . . ' : . . .
F i v e thousand dollars
T e n t h o u s a n d dollars
Total
Unknown, destroyed
Net
1899.
One dollar.
T w o doUars
F i v e dollars
T e n dollars
T w e n t y doUars
Fiftv 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
F i v e thousand dollars
Ten t h o u s a n d dollars
Total
Unknown, destroyed
Net...
1900.
O n e dollar
T w o dollars
F i v e dollars
Ten dollars
T w e n t y dollars
F i f t y dollars
One h u n d r e d dollars
F i v e huudred dollars
One t h o u s a n d d o l l a r s
Five thousand dollars
Ten thousand dollars
Total
Unknown, destroyed
Net
I s s u e d dur- T o t a l i s s u e d .
ing year.
$650, 000
1, 488, 000
19, 440, OOO
22, 200, 000
7, 200, 000
3, 800, 000
8, 000, 000 .
$187,600,160
185, 787, 048
499, 481, 760
505,491,240
461, 322, 400
136, 615, 200
173,104, 000
198, 376; 000
387,128, 000
6,140, 000
20, 000, 000
40, 000, 000
68, 924,000 2, 794, 905, 808
Redeeined
during year.
T o t a l redeemed.
Outatanding.
$715, 050.00
734, 310. 00
15, 864,190. 00
18, 532, 960.00
16, 905, 640. 00
2, 936,450. 00
4, 228, 900. 00
2, 562, 500. 00
6, 444, 000. 00
$184, 474, 098. 80 $3,126,061. 20
3, 333, 790. 80
182, 453, 257. 20
57 897 229 00
441, 584, 531. 00
421, 015, 485. 00
84,475,755. 00
381, 302, 870.00
80, 019, 530.00
123, 309, 200. 00
13, 306, 000. 00
147, 758, 350. 00 25, 345, 650. 00
191, 661, 000. 00
6, 715, 000. 00
313,691,000.00
73, 437, 000. 00
19, 985, 000. 00
15, 000. 00
39, 990, 000.00
10, 000. 00
68, 924, 000. 00 2, 447, 224, 792. 00 347, 681 016 00
1, 000, OOO 00
1, 000,000. 00
68, 924, 000 2,794, 905, 808 68, 924, 000. 00 2, 448, 224, 792. 00 346, 681, 016. 00
753, 248.00
188, 300,160
185, 227, 346. 80
3, 072, 813. 20
186, 387,048
1, 084, 833. 00
183, 538, 090 20
2 848 957 80
514, 881, 760 15, 822, 202. 00
457,406, 733. 00 57,475,027 00
520,Oil,240 17, 303, 684. 00
438, 319,169. 00
81, 692, 071.00
468, 922, 400 14, 696,458. 00
395, 999, 328. 00
72,923, 072. 00
140, 215, 200
125,311,225.00. 14, 903, 975. 00
2, 002, 025. 00
175,104,000
150,643,900.00
2, 885, 550. 00
24,460,100.00
209, 476, 000
193,373, 000. 00
1, 712, 000. 00
16,103, 000. 00
391,228,000
317, 051, 000. 00
3, 360, 000. 00
74,177, 000.00
20, 000, 000
19,985, 000. 00
15, 000. 00
40, 000, 000
39, 990, 000. 00
10, 000. 00
59, 620, 000 2,854, 525, 808 59,620,000.00 2,506, 844, 792. 00 347, 681 016 00
1, 000, 000. 00
1, 000,000. 00
59, 620, 000 2, 854, 525, 808 59, 620, 000. 00 2, 507, 844, 792. 00 346, 681, 016. 00
700, 000
600,000
15, 400, 000
14, 520, 000
7, 600, 000
3, 600, 000
2,000, 000
11,100, 000
4,100, 000
188, 300,160
186, 387, 048
537, 321, 760
534, 691, 240
476, 602,400
141, 515, 200
178, 204, 000
210,176,000
395,588, 000
20, 000, 000
40,000,000
54, 260, 000 2, 908, 785, 808
22, 440, 000
14, 680, 000
7, 680, 000
I, 300, 000
3, IOO, 000
700,000
4, 360, 000
54, 260, 000 2, 908, 785, 808
188, 344,160
186, 707, 048
566,121,760
564, 051, 240
500, 042, 400
143,015, 200
181, 004, 000
212, 276, 000
395, 628, 000
20, 000, 000
40, 000, 000
88, 404, 000 2, 997,189, 808
44, 000
320, 000
28, 800, 000
29, 360, 000
23,440, 000
1, 500, 000
2, 800, 000
2,100, 000
40,000
88, 404, 000 2,997,189,808
188, 364,160
186,763, 048
592, 821, 760
591, 931, 240
512, 362,400
145, 015, 200
185, 204,000
212,776, 000
402,628,00020, 000, 000.
40,000, 000
80, 676, 000 3, 077, 865,808
20, 000
56, 000
26, 700, 000.
27, 880, 000
12, 320, 000
• 2,000,000
4, 200, 000
500,000
7, 000, 000
80, 676, 000 3, 077, 865, 808
584, 378. 00
724,112. 00
15, 916,335. 00
15, 256, 240.00
11, 716, 560. 00
1, 382, 375. 00
2, 336, 500. 00
1,441, 500. 00
4, 902, 000. 00
185,811,724.80
184, 262, 202. 20
473, 323, 068. 00
453, 575, 409.00
407,715, 888.00
126, 693, 600. 00
152, 980, 400.00
194, 814, 500. 00
321, 953, 000. 00
19, 985, 000. 00
39, 990, 000.00
54, 260, 000. 00 2,561,104, 792. 00
1, 000, 000. 00
54, 260, 000. 00 2, 562,104, 792. 00
2, 488, 435. 20
2,124, 845. 80
63, 998, 692. 00
81,115,83L00
68, 886, 512.00
14,821,600. 00
25, 223, 600. 00
15, 361, 500. 00
73, 635, 000. 00
15 000 00
10, 000. 00
347,681 016.00
1,000,000 00
346, 681, 016.00
271,782. 00
333, 208.00
19,000,910.00
17,589,450.00
12, 855, 550. 00
2, 722, 300.00
4, 004, 300. 00
5,165, 500. 00
26,461, 000.00
186, 083, 506. 80
2, 260, 653. 20
184, 595,410. 20
2,111,637.80
492, 323,978. 00
73 797 782.00
471,164, 859.00
92, 886, 381. 00
420,571,438. 00
79,470, 962. 00
129,415,900. 00
13 599 300 00
156,984, 700. 00
24, 019, 300. 00
199, 980, 000.00
12,296,000.00
348,414, 000. 00
47, 214, 000. 00
19, 985,000.00
15 000 00
39, 990, 000.00
10, 000. 00
88,404, 000. 00 2, 649, 508, 792. 00 347, 681, 016. 00
1, 000, OOO 00
1, 000,000. 00
88,404,000 00 2, 650, 508,792. 00 346, 681,016.00
149, 099. 00
267, 936.00
23, 441, 580. 00
20, 844,170. 00
14, 759, 790. 00
2,035,125.00
5,128, 550. 00
li 960, 750. 00
12,089,000.00
186, 232, 605. 80
184, 863, 346. 20
515,765, 558. 00
492, 009, 029. 00
435, 331, 228.00
131,451, 025. 00
'162,113,250 00
201, 940,750. 00
360, 503, 000. 00
19, 985, 000. 00
39,990, 000. 00
80, 676, 000. 00 2,730,184,792. 00
I, 000, 000. 00
80, 076, 000.00 2,731,184, 792.00
2,131, 554. 20
I, 899,101. 80
11, 056, 202.00
99,922,211.00
77,031,172.00
13, 564,175. 00
23, 090, 750. 00
10, 835, 250. 00
42,125, 000. 00
15, 000. 00
10,000.00
347, 681, 016. 00
1, 000, 000. 00
346, 681, 016. 00
80
REPORT
ON T H E FINANCES.
N o . 3 1 . — T R E A S U R Y N O T E S O F 1890 O F EACH DENOMINATION 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 A T T H E C L O S E O F E A C H F I S C A L Y E A R .
Denomination.
1891.
One dollar
Two dollars
.'
Five dollars
Ten dollars
Twenty dollars
One hundred dollars..
One thousand doUars.
Issued dur-| r j . , 1 - T I Redeemed
ing year. | ^^^^^ ^^^^^®^' | during year.
Total
redeemed.
Outstanding.
$3, 656, 417
3,176, 000
10,220,000
17,560,000
3, 440, 000
6, 900,000
6, 900, 000
$139, 967
34,908
123, 815
512,290
21,320
186, 700
605, 000
$139, 967
34,908
123,815
512,290
21, 320
186, 700
605,000
$3, 516, 450
3,141, 092
10, 096,185
17, 047,710
3, 418, 680
6, 713, 300
6, 295, 000
51, 852,417
Total
$3, 656,417
3,176, 000
10, 220, 000
17,560,000
3, 440, 000
6,900, 000
6, 900, 000
51,852,417
1, 624, 000
1, 624,000
50, 228, 417
4, 248,424
6, 792, 000
14, 620, 000
15, 360, 000
8, 320, 000
4, 090, 000
6,700, 000
7, 904, 841
9, 968, 000
24,840,000
32,920, 000
11,760,000
10, 990, 000
13, 600, 000
1, 502, 909
1, 257,066
1,469, 585
1, 722, 330
360, 880
771,000
1, 563,000
1, 642, 876
I, 291,974
1, 593,400
2, 234. 620
382, 200
957, 700
2,168, 000
6,261, 965
8, 676, 026 .
23, 246, 600
30, 685, 380
11,377, 800
10,032,300
11,432, 000
8, 646, 770
10, 270, 770
3,733,078
4, 204, 372
6, 410, 530
6,076,710
2, 080, 060
6,300
3, 430, 900
15,818, 000
5, 375, 954
5,496, 346
8,003,930
8,311,330
2, 462, 260
6,300
4, 388, 600
17,986, 000
13, 298, 993
12, 359, 654
36,936, 070
43, 968, 670
20, 337, 740
793, 700
7, 681, 400
11, 814, 000
41,759, 950
52, 030, 720
147,190, 227
25, 344,137
22, 048, UOO
54,140, 000
61, 000, 000
26, 640, 000
1,170, 000
17, 570,000
43,100, 000
7,138, 726
6, 205, 329
12, 316, 885
II, 447,780
4, 067, 080
114, 800
1, 554, 400
3, 552, 000
12, 514, 680
II, 701,675
20, 320, 815
19,759,110
6, 529, 340
121,100
5,943, 000
21, 538. 000
12, 829, 457
10, 346, 325
33, 819,185
41, 240, 890
20,110, 660
I, 048, 900
11, 627, 000
21, 562,000
251, 012,137
46, 397, 000
98,427, 720
152, 584, 417
31,629,120
26, 384, 000
74, 380, 000
71, 720, 000
27,760,000
1,175, 000
17, 600, 000
44, 580, 000
8, 063, 606
5, 970, 499
13, 637,675
12,140,110
5, 276, 360
302,850
I, 724, 900
3, 596, 000
20, 578, 286
17, 672,174
33, 958, 490
31, 899, 220
11, 805, 700
423, 950
7, 667, 900
25,134, 000
11, 050,834
8, 711, 826
40,421, 510
39,820, 780
15, 954, 300
751, 050
9, 932,100
19,446,000
295, 228,120
50,712, 000
39,160, 000
32, 5,52, 000
92, 200, 000
84, 480, 000
28, 640, 000
1,175, 000
17, 600, 000
44, 580, 000
6, 964, 279
5,089, 496
15, 611, 655
12, 617, 210
5, 298, 360
300, 800
4, 043, 200
11, 639, 000
27, 542, 565
22,761,670
49, 570,145
44, 516, 430
17,104,060
724,750
11, 711,100
36, 773, 000
340,387, 000
61, 564, 000
210, 703,720
46,304, 000
36, 904, 000
98, 620, 000
88, 000, 000
30, 320, 000
1,175, 000
17, 850, 000
51, 900, 000
6, 975, 560
5,211,960
12, 874, 790
10,794, 280
3, 558, 060
129, 550
2, 801, 800
3,156,000
34,518,125
27, 973,630
62,444, 935
55, 310, 710
20, 662,120
854,300
14, 512, 900
39,929,000
45,502, 000
256,205, 720
1892.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
One hundred dollars..
One thousand doUars.
60,130,424
Total.
111,982,841
101,712,071
1893.
One dollar
Two doUars
Fivedollars
Ten dollars
Twenty dollars
Fifty doUars
,
One hundred doUars..
One thousand dollars.
10, 770,106
7, 888,000
20,100, 000
19, 360, 000
11,040,000
800,000
1, 080, 000
16, 200, 000
87, 238,106
Total.
18, 674, 947
17, 856, 000
44, 940, 000
52, 280, 000
22,800. 000
800, 000
12, 070, 000
29, 800, 000
199,220,"&47
1894.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
FiftydoUars
One hundred dollars..
One thousand dollars.
6,669,190
4,192, 000
9, 200, 000
8, 720, 000
3, 840, 000
370,000
5, 500, 000
13, 300, 000
51,791,190
Total.
1895.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty doUars...: —
Fifty dollars
One hundred dollars..
One thousand dollars.
Total
6, 284, 983
4,336,000
20, 24;0, 000
10,720, 000
1,120, 000
5,000
30,000
I, 480, 000
44,215,!
149,139,720
146,088,40O
1896.
One dollar
Two dollars
Fivedollars
Ten dollars
Twenty dollars
Fifty dollars
One'hundred dollars..
One thousand dollars.
7,530,880
6,168, 000
17, 820,000
12, 760, 000
880,000
45,158, £
Total-
11,617,435
9, 790, 330
42, 629, 855
39, 963, 570
II, 535, 940
450,250
5, 888,900
7, 807, 000
129,683,280
1897.
One dollar
Two dollars
i..
Five dollars
Ten dollars
Twenty dollars
Fifty d'oUars
One hundred dollars..
One thousand dollars.
Total.
7, .144, 000
4, 352, 000
6, 420, 000
3, 520, 000
1, 680,000
250, 000
7,320,000
30,686, 000
371,073,000
11,785, 875
8, 930,370
36,175,065
32, 689, 290
9,657,880
320,700
3,337,100
11, 971, 000
114,867,280
81
TREASURER.
W o . 3 1 . — T R E A S U R Y N O T E S O F 1890 O F EACH DENOMINATION I S S U E D , R E D E E M E D ,
AND OUTSTANDING A T T H E CLOSE O F EACH F I S C A L YEAR—Continued.
Issued durRedeemed
ing year. Total issued. during year.
Denomination.
1898.
One doUar
Two doUars
Five dollars
Ten dollars
,
Twenty doUars
Fiftydollars
One hundred dollars..
One thousand dollars.
Total
redeeraed.
Outstanding.
$11, 956, 000 $58, 260, 000
7,128, 000
44, 032, 000
4, 500, 000 103,120, 000
3, 600, 000 91, 600, 000
1, 680. 000 32, 000, 000
1,175, 000
150,000
18, 000, 000
628,000
52,528, 000
$7,841,027
$42, 359,152
5, 276, 258 33, 249, 888
9,798,615
72, 243, 550
7,146, 500
62,457, 210
2, 266, 850 22, 928, 970
59,050
913, 350
1, 285,700
15, 798, 600
9, 628, 000 49,557, 090
$15, 900, 848
10, 782,112
30, 876,450
29,142,790
9, 071, 030
261, 650
2, 201, 400
2,971, 000
29, 642, 000 400,715, 000
43, 302, 000 299, 507, 720
101,207, 280
6, 416, 000 64, 676, 000
4, 336, 000 48, 368, 000
12,400, 000 115,520,000
5, 720, 000 97, 320, 000
1, 840, UOO 33, 840, 000
1,175,000
18, 000, 000
52, 528, 000
9, 804, 646
6,276,024
10, 612, 440
7, 635,110
2, 225, 680
110, 500
634, 600
1,102, 000
52,163, 798
39, 525, 912
82, 855, 990
70, 092, 320
25,154, 650
1, 023, 850
16, 433, 200
50, 659, 000
12, 512, 202
8, 842, 088
32, 664, 010
27, 227, 680
8, 685,350
151,150
1,566,800
1,869, 000
30, 712, 000 431, 427, 000
38, 401, 000 337, 908, 720
93, 518, 280
59, 245, 338
44, 837, 242
93, 586, 740
77, 426. 310
27, 237,170
I, 055, 700
16, 775, 500
51, 244, 000
5,458, 662
4,970, 758
27,153, 260
27, 253, 690
8, 522, 830
119,300
I, 224, 500
I, 324, 000
Total.
1899.
One dollar
Two dollars
Fivedollars
Ten dollars
Twenty dollars
Fifty clollars
One hundred dollars..
One thouaand dollars.
Total
1900.
One dollar
Two doUars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars..
Onethousand dollars.
28,000
64,704,000
1, 440, 000 49, 808, 000
5, 220, 000 120, 740, 000
7, 360, 000 104,680, 000
I, 920, 000 35, 760, 000
1,175, 000
18, 000, 000
52, 568, 000
40, 000
Total
16, 008, 000
447,435,000
7, 081, 540
5, 311, 330
10, 730, 750
7,333,990
2, 082, 520
31,850
34.2, 300
585,COO
33, 499, 280 371,408,000
76, 027, 000
r^'Oo 3 S . — G O L D CERTIFICATES O F EACH DENOMINATION I S S U E D , R E D E E M E D , AND
OUTSTANDING AT T H E CLOSE O F EACH F I S C A L - Y E A R , EXCLUSIVE OF $33,000,580.46
IN IRREGULAR AMOUNTS I S S U E D AND R E D E E M E D ON ACCOUNT O F T H E G E N E V A
AWARD.
I s s u e d duri n g year.
Total issued.
Redeemed
during year.
$156, 360
2, 791, 300
12, 546, O O
U
82, 000, 000
1,000,000
$156, 360
2, 791, 300
12, 546, 000
82, 000, 000
1, 000, 000
.$102, 400
1,960,400
10,683,000
73, 800, 000
1, 000,000
$102, 400
1, 960, 400
10, 683, 000
73,800, 000
1,000,000
$53,960
830, 900
1,863, 000
8, 20U, 000
98,493, 660
98, 493, 660
87, 545, 800
87, 545, 800
10, 947, 800
203, 920
2, 738, 200
I, 453, 000
15, 227, 000
85,520,000
4, 000, 000
360, 280
5,529,500
1, 453, 000
27, 773, 000
167, 520, 000
5, 000, 000
133, 620
2,313,700
678,500
12, 966, 000
75, 050,000
4,000, 000
236, 020
4, 274,100
678, 500
23,649,000
148,850,000
5, 000, 000
124, 260
1, 255, 400
774,500
4,124, 000
18, 670, 000
109,142,120
207, 635,780
95,141, 820
182, 687, 620
24, 948, 160
205,400
2, 204, 000
2,147, 500
11,758,000
61, 625, 000
565,680
7, 733, 500
3,600,500
39.531,000
229,145,000
5, 000,000
202, 620
2,198, 900
1, 953, 500
11, 521, 000
63,170, 000
438, 640
6, 473, 000
2,632, 000
35,170,000
212,020,000
5, 000, 000
1'27, 040
1,260,500
968, 500
4,361,000
17,125, 000
77, 939,900
Denomination.
285, 575, 680
79, 046, 020
261, 733, 640
23, 842, 040
227,260
2, 609, 400
2,498, 500
792, 940
10, 342,900
6, 099, 000
225,160
2, 590,400
2, 229, 500
663,800
9,063, 400
4, 861, 500
129,140
1,279, 500
1, 237, 500
Total
redeemed.
Outstanding.
1866. .
Twenty dollars
Oue huudred dollars
Five thousand dollars
Ten thousand doUars
Total
1867.
One h u u 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 clollars
T P U t h o u s a n d dollai's
Total
1868.
T w e n t y 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 dollars
One t h o u s a n d dollars
F i v e t h o u s a n d doUars
Ten thousand doUars.
Total
1869.
T w e n t y dollars
One h u n d r e d dollars
F i v e h u n d r e d dollars
"
.
FI 1900
82
REPORT
ON T H E F I N A N C E S .
N o . 3 S o — 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 THE CLOSE OF EACH FISCAL YEAR, ETC.—Continued.
Issued duriugyear.
Denomination.
e
T o t a l i s s u e d . d Rr id ege m e d r .
u n yea
Total
redeemed.
Outstanding.
1869.
$52,492, 000
291, 435, 000
5, 000, 000
$12,160, 000
50, 365, 000
$47,330, 000
262, 385, 000
5, 000, 000
$5,162,000
29,050, O O
U
80,586,160
366,161, 840
67,570, 060
329, 303, 700
36, 858,140
167, 060
1, 302, 000
3,501,000
10,053,000
36, 255. 000
25,530,000
960, 000
11, 644, 900
9, 600, 000
62, 545, 000
327, 090, 000
30, 530, 000
186,500
1,587,200
3,012,500
10, 310, 000
46, 865, 000
14,400,000
850, 300
10. 650, 600
7, 874, 000
57,640,000
309, 250, 000
19, 400, 000
109, 700
994,300
1, 726, 000
4,905, 000
18,440, 000
11,130, 000
76, 808, 060
442, 969, 900
76,361,200
405, 664, 900
37, 305, 000
2,144, 000
8, 483, 000
16,650.000
29, 220, 000
960, 000
11, 724, 900
11, 744, 000
71, 028, 000
344, 340, 000
59, 750, 000
30, 000
359, 000
2, 456, 000
9, 758, 000
29, 870, 000
29, 310, 000
880, 300
11, 009, 600
10, 330, 000
67, 398, 000
339,120, 000
48, 710, 000
79, 700
715, 300
1,414,000
3, 630, 000
5, 220, 000
11,040,000
56, 577, 000
499, 546, 900
71, 783, 000
477,447, 900
22, 099,000
900,000
3, 041, 500
8,728, 000
15, 940, 000
34, 620, 000
960, 000
12, 624, 900
14, 785, 500
79, 756, 000
360, 280, 000
94, 370, 000
25,200
662, 300
2, 618, 500
7, 918, 000
12, 765, 000
28,190, 000
. 905, 500
11, 671, 900
12, 948, 500
75,316, 000
351, 885, 000
76, 900, 000
54, 500
953, 000
1, 837, 000
4, 440, 000
8, 395, 000
17, 470, 000
63, 229, 50O
562,776, 400
52,179, 000
529, 626, 900
33,149,500
1,163,500
3, 449, 000
7,103, 000
10, 775, 000
33, 080, 000
960, 000
13, 788,400
18, 234, 500
86, 859, 000
371, 055, 000
127,450,000
10, 900
902, 600
2, 257,500
5, 901, 000
11,710,000
24,100, 000
916,400
12,574, 500
15,206, 000
81, 217, 000
363, 595, 000
101, 000, 000
43 600
1,213, 900
3,028,500
5,642, 000
7,460, 000
26,450, 000
55, 570, 500
618, 346, 900
44, 882, 000
574, 508,900
43, 838, 000
1,126, 200
3,184, 000
5, 682, 000
8,155, 000
29, 970,000
960, 000
14,914,600
21,418,500
92,541,000
379, 210, 000
157, 420, 000
17,000
1, 098, 600
3,057, .500
6, 607,000
11, 880, 000
46,470, 000
933,400
13, 673,100
. 18, 263,'500
87,824, 000
375,475, 000
147,470, 000
26, 600
1,241, 500
3,155,000
4,717, 000
3, 735, 000
9, 950, 000
48,117, 200
666, 464,100
69,130,100
643, 639, 000
22,82.5,100
T w e n t y 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 d o l l a r s
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
1,196, 600
3, 590, 500
8, 873, 000
12, 790, 000
43, 800, 000
960, 000
16, 111, 200
25, 009, 000
101, 414, 000
392, 000, 000
201, 220, 000
21,100
1, 409, 800
4,097,000
8, 836, 000
12, 895, 000
44, 020, 000
954, 500
15, 082, 900
22, 360, 500
96, 660, 000
388, 370, 000
191, 490, 000
5,500
1, 028, 300
2, 648, 500
4,754,000
3, 630, 000
9,730,000
Total . . . .
. 70, 250,100
736, 714, 200
71, 278, 900
714, 917, 900
21,796, 300
1, 077, 600
2, 805, 500
8, 001, 000
44, 885, 000
33, 850, 000
960, 000
17,188, 800
27,814, 500
109,415, 000
436,885, 000
235,070,. 000
2, 300
975,700
2, 536, 000
7, 645, 000
35, 085, 000
37.490, 000
956, 800
16, 058, 600
24, 896, 500
104, 305, 000
423,455, 000
.228, 980, 000
3 200
1,130, 200
2, 918,000
5,110, 000
13, 430, 000
6, 090, 000
90, 619,100
827, 333, 300
83,734,000
798, 651, 900
28, 681, 400
$12, 961, 000
62,290,000
F i v e t h o u s a n d doUars
•
Total
.
'
1870.
T w e n 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 doUars
O n e t h o u s a n d doilars
F i v e t h o u s a u d dollars
Total
1871.
80, 666
One 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 doUars
F i v e t h o u s a n d dollars
T e n thousand dollars
Total
.
1872.
T w e n t y 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
Total
1873.
T w e n t y dollars
One h u n d r e d dollars
F i v e hunclred 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
Total.."
1874.
T w e n t v doUars
.........
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 dollars
One thousand 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
Total
^.
1875.
1876.
T w e n t y dollars
One hundred 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 thousand dollars
Ten thousand dollars
Total
83
TREASURER.
M o . 3 2 . — G O L D CERTIFICATRS O F EACH D E N O M I N A T I O N 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, ETC.—Continued.
Issued during year.
Denomination.
Redeemed
Total issued. during year.
Total
redeemed.
Outstanding.
1877.
$1,273,700
2, 698, 500
6,194, 000
8, 4.95, 000
39, 480, 000
$1, 200
1, 199, 300
2, 598, 500
5, 211, 000
15, 930, 000
20, 310, 000
$958, 000
17, 257, 900
27, 495, 000
109, 516, 000
439, 385, 000
249, 290, 000
$2, 000
1 204 600
3, 018, 000
6, 093, 000
5, 995, 000
25, 260, 000
885,474,500
45, 250, 000
843, 901, 900
41, 572, 600
1, 448,
1, 795,
4, 534,
8, 275,
34, 290,
400
000
000
000
000
960, 000
19, 910, 900
32, 308, 000
120,143, 000
453, 655, 000
308, 840, 000
1,315,000
1,791,000
4,422, 000
8, 870, 000
31,150,000
958, 000
18, 572, 900
29, 286, 000
113, 938, 000
448, 255, 000
280, 440, 000
2,000
1, 338, 000
3, 022, 000
6, 205, 000
5, 400, 000
28, 400, 000
50, 342, 400
935, 816, 900
47, 548, 000
891,449, 900
44, 367, 000
960, 000
20,234,300
32, 844, 000
121,881,000
457, 885, 000
314, 330, 000
500
962, 20O
2, 348, 000
4, 945, 000
7,175, 000
25, 840, 000
958, 500
19, 535,100
31, 634, 000
118, 883, 000
455, 430, 000
306, 280, 000
1,500
699, 200
1, 210, 000
2, 998, 000
2, 455, 000
8, 050, 000
948, 134, 300
41,270,700
932, 720, 600
15, 413, 700
960, 000
20, 234, 300
32, 844, 000
121, 881, 000
457, 885, 000
314, 330, 000
400
291, 200
744, 500
I, 788, 000
1, 385, 000
3, 200, 000
958, 900
19, 826, 300
32, 378, 500
120, 671, 000
456,815,000
309, 480, 000
I 100
408, 000
465, 500
1, 210, 000
I, 070, 000
4, 850, 000
948,134, 300
7, 409,100
940,129, 700
8, 004, 600
960, 000
20, 234, 300
32, 844, 000
121, 881, 000
457, 885, 000
314, 330, 000
380
139, 300
207, 000
485, 000
270, 000
1,120, 000
959, 280
19, 965, 600
32, 585, 500
121,156, 000
457, 085, 000
310, 600, 000
720
268, 700
258, 500
725, 000
800, 000
3, 730, 000
948,134, 300
2, 221, 680
942, 351, 380
5, 782, 920
44,800
50,000
151,000
210, .000
290, 000
959, 280
20,010,400
32, 635, 500
3 21,307,000
457,295,000
310, 890, 000
790
223, 900
208,500
574 000
590, 000
3,440, 000
948,134, 300
Total
$960, 000
18, 462, 500
30, 513, 000
115,609,000
445, 380. 000
274, 550; 000
58,141, 200
T w e n 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 thousancl d o l l a r s
745, 800
943, 097,180
5, 037,120
9,360, 000
9, 200, 000
8, 900, 000
8, 250, 000
13, 000, 000
8, 000, 000
30, 000, 000
10, 320, 000
9, 200, 000
29,1.34,300
41, 094, 000
134, 881, 000
465, 885, 000
344, 330, 000
197,180
149, 200
251,100
331,000
640,000
1,160, 000
6, 640, 000
1,156, 460
149, 200
20,261,500
32, 9,66, 500
121, 947, 000
458,455, 000
317, 530, 000
9,163, 540
9, 050, 800
8, 872, 800
8,127, 500
12,934,000
7,430, 000
26, 800, 000
86,710, 000
1, 034, 844, 300
9, 368, 480
952, 465, 660
82, 378, 640
1878.
T w e n t y dollars
One h u n d r e d clollars
F i v e hundrecl d o l l a r s . . . .
One t h o u s a n d doUars
F i v e thousand dollars
T e n t h o u s a n d dollars
Total
1879.
T w e n t y dollars
One 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 thousand dollars
T e n thousand dollars
Total
-
323, 400
536, 000
1, 738, 000
4, 230, 000
5, 490, 000
12,317,400
,
1880.
T w e n t y doUars
F i v e h u n d r e d dollars
One thousa,nd dollars
F i v e t h o u s a n d dollars
T e n thousand dollars
Total
1881.
O n e h u n d r e d dollai'S
F i v e h u n d r e d doUars
One 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 dollars
Total
1882.
T w e n t y 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 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 thousand dollars
960, 000
20, 234, 300
32, 844, 000
121, 881, 000
457, 885, 000
314, 330, 000
Total
.
^
1883.
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
O n e t h o u s a n d doUars
F i v e t h o u s a n d dollara
T e n t h o u s a n d dollars
Total
. .
84
REPORT ON T H E F I N A N O E S .
N o . 3 2 . — G O L D CERTIFICATES OF EACH DENOMINATION ISSUED, R E D E E M E D , AND
OUTSTANDING AT T H E CLOSE OF EACH FISCAL YEAR, ETC.—Continued.
Denomination.
Issued during vear.
Redeemed
Total issued. during year.
Total
redeemed.
1884.
Twenty dollars
Fifty dollars...'
One hunclred dollars —
Five hundred dollars..
One thousand dollars..
Five thousand doUars.
Ten thousand dollara..
$5, 520, 000
1, 300, 000
1,400, 000
2, 250, 000
4, 000, 000
7,000, 000
20,000, 000
41,470, 000
Total.
000
000
300
000
000
000
000
$1,328,180
1,231,800
I, 083, 000
1,596,000
2,132, 000
3, 435, 000
14,650, 000
$2, 484,
I, 381,
21, 344,
34, 562,
124, 079,
461, 890,
332,180,
1, 076, 314, 300
25,455,980
977, 921, 640
1, 411, 020
I, 375, 200
• I, 386, 300
1,189, 000
1,443,000
3, 995, 000
10, 270, 000
3, 895, 660
2, 756, 200
22, 730, 800
35,751,500
125, 522, 000
465,885,000
342, 450, 000
21, 069, 520
998,991,160
1, 007, 450
825, 845
690,100
9.52, 500
3, 863,000
680, 000
2,170, 000
4, 903,110
3,582, 045
23,420, 900
36, 704, 000
129, 385, 000
466, 565, 000
344, 620, 000
$15, 840,
10, 500,
30, 534,
43, 344,
138, 881,
472, 885,
364, 330,
640
000
500
500
000
000
000
1885.
Twenty dollars
Fifty d'oUars
One hundred dollars...
Five hundred dollars..
One thousand dollars..
Five thousancl doUars.
Ten thousand dollars..
400,000
2, 700, 000
I, 800, 000
6, 600, 000
9, 000, 000
7, 500, 000
35,000,000
16, 240, 000
13, 200, 000
32, 334, 300
49, 944, 000
147, 881. 000
480, 385, 000
399, 330, 000
63, 000, 000 1,139, 314, 300
Total.
1886.
Twenty doUars
Fifty dollars
One hundred dollars —
Five huudred dollars..
One thousand dollars..
Five thousand doUars.
Ten thousand dollars..
Total.
640, 000
100, 000
100, 000
200,000
1, 040, 000 1,140, 354, 300
1887.
Twenty dollars
Fifty ctoUars
One hundred dollars...
Five hundred dollars..
One thousand doUars..
Five thousand dollars.
Ten thousand dollars..
16, 880, 000
13,300,000
32, 434, 300
50,144, 000
147, 881, 000
480, 385, 000
399, 330, 000
Total.
Twenty dollars
Fiftydollars
One hundred dollars —
Five hundred dollars..
One thousand dollars..
Five thousaud dollars.
. Ten thousand dollars..
Total.
1889.
Twenty dollars
Fifty dollars
•...
One hundred dollars...
Five hundred doUars..
One thousand dollars..
Five thousand dollars.
Ten thousand dollars..
Total.
1890.
Twenty dollars
Fifty doUars
One hundred dollars...
Five hundred dollars..
One thousand dollars..
Five thousand dollars.
Ten thousand dollars..
Total.
16, 880, 000
13, 300,000
32, 434, 300
50,144, UOO
147,881. 000
480, 385, 000
399, 330, 000
1,140, 354, 300
4,160, 000
4, 500, 000
7, 800, 000
4, 700, 000
14, 000, 000
20, 000, 000
30, 000, 000
21, 040, 000
17, 800, 000
40,234,300
54, 844, 000
161, 881, 000
500, 385, 000
429, 330, 000
85,160, 000 1, 225, 514, 300
2, 000, 000
6, 000, 000
30,155, 000
41,120, 000
21, 040,/000
17, 800, 000
40, 234, 300
56, 844, 000
167, 881, 000
530, 540, 000
470,450,000
10,188, 895 1, 009,180,055
1,104, 828
1,492,600
1, 056, 000
1,409,000
1,120, 000
625, 000
2, 880, 000
6, 007,938
5, 074, 645
24,476, 900
38,113, 000
130, 505, 000
467,190, 000
347, 500, 000
9, 687,428 1,018, 867,483
2, 070, 062
2,480, 205
2, 088, 400
4,420, 000
5, 875, 000
9, 330, 000
38, 360, 000
8,078,000
7, 554, 850
26, 565, 300
42, 533, 000
136, 380, 000
476, 520, 000
385, 860, 000
64, 623, 667 1, 083, 491,150
1, 982, 898
1, 801, 800
2, 021, 900
3, 235, 500
10, 287, 500
17, 020, 000
30, 900, 000
10, 060, 898
9, 356, 650
28, 587, 200
45, 768, 500
146,667, 500
493,540, 000
416, 760, 000
79, 275, 000 1, 304, 789, 300
67. 249. 598 1,150, 740, 748
2, 880, 000
2, 200, 000
2, 000, 000
2, 000, 000
4, OUO, 000
11,350,000
24, 620, 000
1, 905, 628
1,600,145
I, 533, 800
1, 734, 000
2,152, 000
13, 950, 000
22, 680, 000
23, 920, 000
20, 000, 000
42, 234, 300
58, 844, 000
171, 881, 000
541, 890, 000
495, 070, 000
49, 050, 000 1, 353, 839, 300
45,555,573
11, 966, 526
10, 956, 795
30,121, 000
47, 502, 500
148, 819, 500
507,490, 000
439,440. 000
1,196,296,321 I 157,542,979
85
TREASURER.
No.
3 2 . — G O L D CERTIFICATES OF EACH DENOMINATION I S S U E D , R E D E E M E D ,
OUTSTANDING AT T H E CLOSE O F EACH F I S C A L YEAR, ETC.—Continued.
Issued duriug year.
Denomination.
e e ed
T o t a l i s s u e d . d Rr id eg m e a r .
u n y
Total
redeemed.
Outstanding.
1891.
Twenty clollars
Fifty dollars
One'hundred dollars
FiA'-e hundred doUars
One thousand dollars
Five thousand dollars.
Teu thousand dollars
$4, 240, 000
$28,160, 000
21,000,000
44, 634, 300
61, 044, 000
175,181, 000
548, 570, 000
538,770,000
$1,971,700
I, 587, 350
I, 698, 500
2,170, 000
5, 314, 000
14, 380, 000
41,480, 000
$13,938,226
12, 544,145
31, 819, 500
49, 672, 500
154,133, 500
521, 870, 000
480, 920, 000
$14, 221,774
8, 455, 855
12,814, 800
11,371,500
21, 047, 500
26, 700, 000
57 850 000
63, 520, 000
1, 417, 359, 300
68, 601, 550
1, 264,897, 871
152, 461, 429
160, 000
400; 000
400, 000
1, 000, O O
U
7, 000, 000
18, 725, 00.0
42, 840. 000
28, 320,000
21, 400, 000
45, 034, 300
62, 044, 000
182,181,000
567, 295,000
581, 610, 000
2,260,800
1, 748, 900
2, 379, 800
2, 512, 000
7, 871, 000
1.4, 615, 000
35, 000, 000
16 199 026
14,293,045
34,199, 300
52,184, 500
162, 004, 500
536, 485, 000
515, 920, 000
70, 525, 000
Total
.. . -
1, OUO, 000
2, 400, 000
2, 200, 000
3, 300, 000
6, 680, 000
43,700, 000
1, 487, 884, 300
66, 387, 500
20, 000
50, 000
28, 320, 000
21, 400, 000
45, 054, 300
62, 094, 000
182,181,000
571, 955, 000
589, 950, 000
2, 843, 340
1, 982, 600
3, 456, 300
4, 027, 500
7,893, 000
17, 500, 000
39,120, 000
1, 500, 954, 300
76, 822, 740
28, 320, 000
21, 400, 000
45, 054, 300
62, 094, 000
182,181. U O
O
572, 055, 000
589, 950, 000
1,813,040
1, 006, 350
1,726,400
I, 335, 500
3, 422, 000
5, 885, 000
11, 370, 000
1, 501, 054, 300
26, 558, 290
50, 000
50, 000
28, 320, 000
21, 400. 000
45, 074, 300
62, 094, 000
182,181, 000
572,105, 000
590, 000, 000
1, 265, 640
400, 600
688, 200
302, 500
981,000
4, 810, 000
9, 530, 000
120, 000
1,501,174,300
18, 037, 940
15, O O
U
4,840,000
28, 320, 000
21,400, 000
45. 074, 300
62, 094, 000
182,181,000
572,120,000
594, 840, 000
893,220
559,650
790, 400
446, 500
I, 487, 000
1, 420,"0U0
4, 910, 000
4, 855, 000
1, 506, 029, 300
10, 506, 770
10, 000
28, 330, 000
21,400.000
45, 074, 300
62, 094, 000
182,181, 000
572,120, 000
594,840,000
385,120
239, 200
396, 700
293,000
702,000
460,000
1, 520, 000
10, 000
1, 506, 039, 300
1892.
Twenty dollars
Fifty dollars
One huudred clollars
Five hundred clollars
One thousand dollars
Five thousand doUars
Ten thousand dollars
Total
15> 1 9 0 Q74
7.1 Ofi 955
10, 835, U O
O
9, 859, 500
20,176, 500
30,810,000
65, 6.90, 000
1,331,285,371 | 156,598,929
1893.
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One.thous.aiid clollars
Five thousaud dollarsTeu thousand dollars
Total
4, 660, 000
8, 340, 000
13, 070, 000
1894.
Twenty fl ollars
Fifty dollars
One hundred dollars
FiA'-e hundred clollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total
100, O O
U
•
100,000
1895.
Twenty dollars
Fiftv dollar.s
Onehundred dollars
Five huiidred doUars
One thousand dollars
Five thousand dollars
Ten thousand dollars
20,000
Total
1896.
Twenty dollars
Fifty doUars
One nundred dollars
Five hundred dollars
Oue thousand clollars
Five thousand dollars
Ten thousand dollars
Total
1897.
Twenty dollars
Fifty doUars
One huudred dollars
Five hundred doUars
One thousaud dollars
Five thousand dollars
Ten thousand doUars
Total
19, 042, 366
16, 275, 645
37, 655, 600
56, 212, 000
169, 897, 500
553,985,000
555,040,000
9, 277, 634
5,124, 355
7,398,700
5, 882, 000
12, 283, 500
17, 970, 000
34, 910, 000
1,408,108, 111 1 92, 846,189
20,855,406
17, 281, 995
39, 382, 000
57, 547, 500
173, 319, 500
559, 870, 000
566, 410, 000
7, 464, 594
4,118,005
5, 672, 300
4, 546, 500
8, 861, 500
12,185, 000
23, 540, 000
1,4.34,666,401 [ 66,387,899
22,121,046
17, 742, 595
40, 070. 200
57 850 000
174, 300, 500
564, 680, 000.
575,940, 000
6,198 954
3, 657, 405
5, 004,100
4 9.4-d. oon
1,880,' 500
7, 425, 000
14, 060, 000
1,452,704,341 | 48,469,959
23,014,266
18, 302, 245
40, 860, 600
58, 296, 500
175, 787, 500
566,100, 000
580, 850, 000
5, 305, 734
3, 097 755
4, 213,700
3, 797, 500
6, 393, 500
6, 020, 000
13.990.000
1,463,211,111 1 42,818,189
23, 399, 386
18, 591, 445
41,257,300
58, 589, 500
176, 489, 500
566, 560, 000
582, 370, 000
4, 930, 614
2, 808, 555
3,817,000
3,504,500
5, 691, 500
5, 560, 000
12, 470, 000
4, 046 020 1 1 - 467. 2.57.131 1 38. 782.169
86
REPORT
ON T H E FINANCES.
N o . 3 2 e — G O L D C E R T I F I C A T E S O F EACH DENOMINATION ISSUED, R E D E E M E D , AND
OUTSTANDING AT T H E C L O S E O F EACH FISCAL YEAR, ETC.—Continued.
1898.
Twenty dollars
Fifty dollars
One'hundred doUars...
Five hundred dollars..
One thousand dollars..
Five thousand dollars.
Ten thousand dollars..
$28, 330, 000
21, 400, 000
45, 074, 300
62, 094, 000
182,181, 000
572,120, 000
594, 840, 000
1899.
Twenty doUars
Fifty dollars
One huudred dollars...
Five huudred dollars..
One thousand dollars..
Five thousand dollars.
Ten thousand dollars..
Total
$23, 655, 306
18, 743, 645
41,441,700
58,693, 000
176, 650, 500
566,915, 000
582, 520, 000
$4, 674, 694
2, 656, 355
3, 632, 600
3, 401, 000
5, 530, 500
5, 205, 000
12, 320, 000
37,420,149
23, 839, 036
18,861, 645
41, 590, 800
58, 809, 500
176,-810, 500
567, 310, 000
584, 520, 000
4, 490, 964
2, 538, 355
3,483,500
3, 284, 500
5, 370, 500
4, 810, 000
10, 320, 000
3,122, 330 1, 471, 741,481
34,297, 819
183, 730
118, 000
149,100
116, 500
160, 000
435, 000
1, 960, 000
1, 506, 039, 300
81, 920, 000
40, 500, 000
64, 234, 300
69; 844, 000
209, 881,000
596, 035, 000
660, 950, 000
$53, 590, 000
19,100, 000
19,160,000
7, 750, 000
27,700, 000
23, 915, 000
66,110, 000
Outstanding.
1, 362, 020 1, 468, 619,151
28, 330, 000
21, 400, 000
45, 074, 300
62,094, 000
182,181, 000
572.120, 000
594, 840, 000
Total.
Wo.
$255,920
152,200
184, 400
103,500
161, 000
355, 000
150,000
1, 506, 039, 300
Total.
1900.
Twenty dollars
FiftydoUars
Onehundred dollars . .
Five hundied dollars..
One thousand dollars..
Five thousand dollars.
Ten thousand dollars..
Total
redeemed.
Redeemed
Total issued. during year.
Issued during year.
Denomination.
2, 584, 640
I, 248, 800
1,488,200
1,109, 000
1, 630, 000
3, 265, OUO
12, 500, 000
26, 423, 676
20,110, 445
43, 079, 000
59,918, 500
178, 440, 500
570, 575, 000
'597. 020, 000
55,496, 324
20, 389, 555
21,155, 300
9, 925, 500
31,440,500
25, 460, 000
63. 930, 000
23, 82.5, 640 1, 495, 567,121 } 227, 797," 179
I 217, 325, 000 1,723, 364, 300
3 3 . — S I L V E R CISRTIFICATES OF EACH DENOMINATION I S S U E D , REDEEMISD
AND OUTSTANDING AT T H E CLOSE OF EACH F I S C A L YEAR.
Issued dur- Total issued.
iug year.
Denomination.
1878.
T e n dollars
T w e n t v dollars
F i f t y 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
Redeemed
during year.
Total
redeemed.
Outstanding.
$123, 220
10, 240
13, 250
179,700
268, 000
1, 256, 000
1,850,410
1, 850,410. 00
43,730
85, 760
131, 750
301, 300
2, 000, 000
6, 587, 000
167, 000
96, 000
145, 000
481, 000
2, 268, 000
7, 843,000
$3,170. 00
580. 00
$3,170.00
580. 00
5, 300. 00
1, 768, 000. 00
6, 683, 000. 00
5, 300. 00
1, 768, 000.00
6, 683, 000. 00
163, 830. 00
95,420. 00
145, 000. 00
475, 700. 00
500,000. 00
1,160, 000. 00
9,149, 590
1879.
$123, 220. 00
10, 240. 00
13, 250. 00
179,700 00
268, 000. 00
1, 256, 000. 00
1, 850,410
Total
$123, 220
10-, 240
13,250
179, 700
208, 000
1, 256, OUO
11, 000, 000
8, 460,050. 00
8,460, 050. 00
2, 539, 950.00
2,
1,
i,
1,
2,
1,
1,
1,
3,
10,
^
T e n dollars
T w e n t y dollars
Fiftydollars
One h u u d r e d dollars
F i v e hundred dollars
O n e t h o u s a n d doUars
Total
1880.
007,
890,
195,
449,
"750,
2, 727,
000
000
000
000
000
000
Total
....
:
000
000
000
000
000
000
23,490. 00
10, .540. 00
11, 050. 00
20, IOO 00
20,500. 00
98, 000. 00
10,018,000
T e n 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
F i v e h u n d r e d dollars
One t h o u s a n d dollars
174,
986,
340,
930,
018,
570,
21, 018, 000
183, 680. 00
8, 643, 730. 00
12,374,270.00
18, 700, OUO
16,560, 000
2, 310. 000
2,410,000
632,000
300, 000
20,874, 000
18,546,000.
3,650, 000
4, 340, UOO
3, 650,000
10, 870, OOU
480,
372,
157,
285,
21.5,
609,
310.00
780. 00
350.00
300. 00
OOO 00
000. 00
506, 970.00
383,900. 00
168, 400. 00
310. 700. 00
2, 003; 500.00
7, 390, 000. 00
20, 367, 030. 00
18,162,100. 00
3 481 600 00
4, 029, 300. 00
1, 646, 500. 00
3,480, 000.00
40, 912, 000
61, 930, 000
2, 119, 740. 00
10, 763,470. 00
51,166, 530. 00
26, 660. 00 • 2,147,340.00
11,120. 00
1, 974, 880. 00
11, 050. 00
I, 328, 950. 00
25,400. 00
1,904,600.00
1,788,500.00
1, 229, 500. 00
6, 781, 000. 00
3, 789, 000. 00
1881.
T e n clollars
T w e u t y dollars
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
O n e t h o u s a n d dollars
Total
87
TREASURER.
Wo.
3 3 o — S I L V E R C E R T I F I C A T E S O F EACH D E N O M I N A T I O N ISSUED, R E D E E M E D ,
AND OUTSTANDING A T . T H E CLOSE OF E A C H F I S C A L YEAR—Continued.
Redeemed
Issued dur- Totalissued.
ing year.
'during year.
Denomination.
1882.
Ten dollars
T w e n t y dollars
Fifty dollars
One'hundred dollars
F i v e h u n d r e d dollars
O n e t h o u s a n d doUars
$12, 240, 000
9,040, 000
400, 000
800,000
700, 000
1,120, 000
$33,114, 000 $3, 361, 310. 00
27, 586, 000
2, 241, 860. 00
4, 050, 000
598,050 00
5,140, 000
808, 600. 00
4, 350, 000
612,000 00
11, 990, 000 . 1,748,000.00
Total
redeemed.
Outstanding.
$3, 868, 280. 00 $29, 245,720.00
2, 625, 760. 00
24, 960, 240. 00
766,450.00
3,283,550 00
1,119, 300. 00
4, 020,700.00
2,615,500.00
1,734,500.00
9,138,000.00
2, 852, 000. 00
24, 300, 000
66, 096, 710. 00
11, 880, 000
13, 360,000
1, 600, 000
2,400, 000
1, 800, 000
4, 000, 000
44, 994, 000
40, 946, 000
5, 650, 000
7, 540, 000
6,150, 000
15, 990, 000
4, 237, 828. 00
3,167,456. 00
886, 615. 00
1,173, 480.00
I, 008, 500. 00
2,046, 000. 00
8,106,108. 00
5,793,216.00
1, 653, 065. 00
2, 292, 780. 00
3, 624, 000. 00
11,184, 000. 00
36, 887, 892.00
35,152, 784. 00
3 996, 935 00
5,247, 220. 00
2, 526, 000. 00
.4,806, 000.00
121, 270, 000
12,519,879.00
32, 653,169. 00
88, 616, 831. 00
63, 994, 000
61, 026, 000
8, 850, 000
11, 540, 000
8,650,000
19, 490, 000
8, 397,180. 00
7, 368, 260.00
903, 300. 00
1,107, 900. 00
648, 500. 00
1, 580, 000. 00
16, 503, 288. 00
13,161, 476.00
2, 556, 365. 00
3,400, 680. 00
4, 272, 500. 00
12, 764, 000. 00
47 490 712 00
47 864,524.00
6. 293, 635. 00
8,139, 320. OO
4, 377, 500. 00
6, 726, 000. 00
173, 550, 000
20, 005,140. 00
52, 658, 309. 00
120 891 691 00
14, 040, 000
12,160, 000
2, 200, 000
2, 600, 000
5, 000, 000
• 4,000,000
78, 034, 000
73,186, 000
11,050,000
14,140, 000
13, 650, 000
23,490,000
9,783, 585. 00
8, 013, 560. 00
839, 600. 00
' 860, 800: 00
467, 500. 00
1, 025, 000. 00
26, 286, 873. 00
21,175, 036. O
U
3, 395, 965. 00
4, 261, 480. 00
4, 740, 000. 00
13,789,000.00
51 747 127 00
52' 010' 964 00
1, 6.54, 035.00
9, 878, 520. 00
8, 910,000. 00
9, 701, 000.00
40,000, 000
213, 550, 000
20,990, 045. 00
73, 648, 354. 00
139, 901, 646.00
3, 800, 000
800,000
81, 834, 000
73, 986, 000
11, 050, 000
14,140, 000
13, 650, 000
23, 490,000
5, 277, 740. 00
7, 853, 336. 00
269,195. 00
267, 700. 00
7, 075, 000. 00
7,781, 000. 00
31, 564-, 613. 00
29, 028, 372.00
3, 665,160. 00
4, 529,180. 00
11,815,000.00
21, 570, 000. 00
50, 269, 387.00
44, 957, 628. 00
7, 384, 840. 00
9, 610, 820. 00
i , 835, 000. 00
1 920 000 00
4, 600, 000
218,150, 000
28, 523, 971. 00
102,172,325. 00
115, 977, 675. 00
14,156, 000
8. 976, 000
7, 760, 000
10,440, 000
9, 520, 000
I, 000, 000
14,156, 000
8, 976, 000
7,760,000
92, 274, 000
83, 506, 000
12, 050, 000
14,140, 000
13, 650, 000
23,490, 000
176, 503. 90
70, 003. 60
31, 758. 50
6, 508, 517. 00
3,848, 612. 00
3,188, 740.00
5, 897, 390. 00
1,166, 000. 00
1, 399, 000. 00
176, 503. 90
70, 003. 60
31,758. 50
38, 073,130. 00
32, 876, 984. 00
6, 853, 900. 00
10, 426, 570. 00
12, 981, 000. 00
22, 969, 000. 00
13,979,496.10
8, 905,996. 40
7, 728, 241.50
54, 200, 870. 00
50 629 016. 00
5,196,100. 00
3, 713, 430. 00
669 000 00
521, 000 00
51,852, 000 1 270, 002, 000
Total
20,133, 290. 00
52, 280, 000
. . .
9, 369, 820. 00
19, 000, 000
20, 080, 000
3, 200, 000
4, 000, 000
2, 500, 000
3, 500, 000
1883.
Ten dollars
T w e n t y dollars
F i f t y 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
86, 230, 000
35,040, 000
Total
22, 286, 525. 00
124,458, 850. 00
145, 543,150. 00
14,172, 000 1 28. 32K. 000
10,424, 000
19,400, 000
44, 700, 000
52, 460, 000
36, 520, 000
128, 794, 000
80, 000
83, 586, 000
12, 050, 000
14,140, 000
13, 650, 000
23, 490, 000
1, 419, 892.10
732, 758.40
818, 381. 50
10, 255. 360. 00
6, 868, 856. 00
804, 500. 00
660,130. 00
188, 500. 00
199, 000. 00
1,596,396.00
802, 762. 00
850,140. 00
48, 328, 490.00
39,745, 840. 00
7, 658, 400. 00
11, 086, 700. 00
13,169, 500. 00
23,168,000. 00
26, 731, 604. 00
18 597 238 00
51, 609, 860. 00
80, 465, 510. 00
43,840,160.00
4,391,600 00
3, 053, 300. 00
480, 500. 00
322, 000. 00
21, 947, 378. 00
146,406,228. 00
1884.
T e n dollars
T w e n t y dollars
F i f t y dollars
O n e hundrecl d o l l a r s
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
1885.
T e n dollars
T w e n t y clollars
F i fty d o l l a r s
One h u u d r e d doUars
F i v e h u n d r e d dollars
One thousand dollars
•
Total
1880.
T e n dollars
T w e n t y dollars
Fifty dollars
One hunclred dollars
F i v e h u n d r e d dollars
One t h o u s a n d dollars
Total
1887. .
One 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
F i v e h u n d r e d dollars
One t h o u s a n d dollars
Total
....
1888.
One dollar
T w o clollars
F i v e doUars
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 dollars
One t h o u s a n d d o l l a r s
Total
105,896, 000
375,898,000
229,491,772.00
88
' No.
REPORT
ON T H E FINANOES.
3 3 . — S I L V E R CERTIFICATES OF EACH DENOMINATION ISSUED, R E D E E M E D ,
AND OUTSTANDING AT T H E CLOSE OF EACH F I S C A L YEAR—Continued.
Issued dur- Totalissued.
ing year.
Denomination.
1889.
One d o l l a r .
T w o dollars
F i v e dollars
Ten dollars
T w e n t y dollars
FiftydoUars
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 u d dollars
Redeemed
during year.
Total
redeeraed.
Outstanding.
$8, 772,000
5, 800, 000
38, 540, 000
20, 480, 000
160, 000
'
Total
$27, 907, 971.80
20, 237, 06.5. 20
8.5, 579, 740. 00
87, 436, 623. G
O
35,109, 616. 00
3, 458, 810. 00
2 325 820. C
O
346, 500. 00
. 227,000. 00
449, 650, 000
40, 614, 026. 00
187, 020, 254. 00
262 C'O 740.00
14, 700, 000
9, 280, 000
28,100,000
39, 000, 000
.
$9,192, 028. 20
4, 962, 334. 80
5, 420, 260. 00
61, 837, 377. 00
48, 636, 384. 00
8, 591,190 00
11, 814,180. 00
13, 303, 500.00
23, 263, 000. 00
51, 800, 000
34, 480, 000
119,100, 000
188, 274,000
83, 746, 000
12, 850, 000
16, 740. 000
13, 650, 000
23, 490, 000
11, 473, 489. 70
6, 959, 904. 80
11, 552, 583. 50
14, 965, 607. 00
8, 828, 760. 00
1, 003, 950. 00
636, 700. 00
93, 000. 00
56, 000. 00
20, 665, 517. 90
11,922,239.60
16,972,843.50
76, 802, 984. 00
57,465,144. 00
9, 595,140.00
12, 450, 880. 00
13,396,500 00
23, 319, 000.00
31,134, 482.10
22, 557. 700.40
102 127 156.50
111 471, 016.00
26, 280, 856. 00
3, 254, 860. 00
4,289,120 00
253, 500. 00
171 000.00
94, 480, 000 1 544,130, 000 | 55, 569, 995. 00
1890.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y doUars
Fiftv dollars
One h u n d r e d dollars.
F i v e h u u d r e d dollars
One t h o u s a n d dollars
$7, 595, 632. 20
4,159, 572. 80
4, 570,120. 00
13, 508, 887. 00
8, 890, 544. 00
932.790. 00
727, 480. 00
1.34, 000. 00
95, 000. 00
73, 752, 000
Total
$37,100,000
25, 200, 000
91, 000, 000
149, 274, 000
83, 746, 000
12, 050, 000
14,140,000
13,650,000
23,490, 000
242, 590, 249. 00
301, 539,701. 00
800, 000
2, 600, 000
1891.
O n e dollar
T w o clollars
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
Five hundred dollars.:
One t h o u s a n d d o l l a r s
9, 320, 000
61,120, 000
4, 544, 000
39,024, 000
29, 540, 000
148, 640, 000
18, 880, 000
207,154, 000
10, 320. 000
94, 066, 000
3, 400; 000
16, 250, 000
3, 000, 000
19, 740, 000
2, 700, 000 • 16, 350, 000
26, 690, 000
3, 200, 000
32, 054, 791.90
19, 790, 494. 60
38,570, 275.50
96, 569, 469.00
65, 664, 764. 00
10, 387, 240. 00
13, 336, 280. 00
13, 893, 500. 00
24, 052, 000. 00
29, 065, 208.10
19, 233, 505. 40
110, 069, 724. 50
110, 584, 531. CO
28, 401, 236. 00
5, 862, 760. 00
6, 403, 720. 00
2, 456, 500. 00
2, 638, 000. 00
84, 904, 000
629, 034, 000
71, 728, 566. 00
314, 318, 815. 00
314 715 185.00
12, 872, 000
7, 424, 000
23, 060, 000
25,160, 000
23, 040, 000
6, 900, 000
10, 700, 000
100, 000
73, 992, 000
46, 448, 000
172, 300, 000
232,314,000
117,106, 000
23,150, 000
30, 440, 000
16, 350, 000
26, 790, 000
14, 625, 433. 00
9, 527, 668. 00
31, 298, 010. 00
25,153, 780. 00
7, 378, 440. 00
1, 046, 950. 00
1, 306,100. 00
1, 275, 50O 00
1, 345, 000. 00
46, 680, 224. 90
29, 318,162. 60
69, 868, 285. 50
121, 723, 249. 00
73, 043, 204. 00
11,434,190.00
14, 642, 380. 00
15,169, 000. 00
25, 397, 000. 00
27, 311, 775.10
17,129, 837. 40
102, 431, 714. 50
110, 590, 751. 00
44, 062, 796. 00
11, 715, 810. 00
15, 797, 620. 00
1,181,000 00
1, 393, 000. 00
109,856, 000
Total
11, 389, 274. 00
7, 868, 255. 00
21, 597, 432. 00
19,766, 485. 00
8,199, 620. 00
792,100. 00
885, 400. 00
497, 000.00
733, 000. 00
738, 890, 000
92, 956, 881. 00
407, 275, 696. 00
331 614, 304. 00
10, 696, 000
7, 696, 000
27, 000, 000
• 27,280,000
22, 800, 000
5, 700. 000
8, 600, 000
100, 000
100, 000
84, 688, 000
54,144, 000
199, 300, 000
259, 594, 000
139, 906, 000
28, 850, O O
U
39, 040, 000
16, 450, 000
26, 890, 000
15,152, 942. 00
61, 833,166. 90
38,121, 300. 60
8, 803,138. 00
35, 429, 910. 00 105, 298,195.50
30, 657, 010. 00 152, 380, 259. 00
83, 582, 804. 00
10, 539, 600. 00
14, 658, 990. 00
3, 224, 800.00
20, 276, 780.00
5, 634, 400. 00
522, 000. 00 • 15,691,000.00
26, 062, 000. 00
665, 000. 00
22, 854, 833.10
16, 022, 699. 40
94, 001, 804. 50
107 213 741 00
56 323 196 00
14,191, 010. 00
18, 763, 220. 00
759, 000. 00
828, 000. 00
1892.
One dollar
T w o dollars
F i v e dollars
T e u dollars
T w e n t y clollars.
F i f t y doUars
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 dollars
One t h o u s a n d dollars
Total
1893.
O n e dollar
T w o dollars
F i v e dollars
Ten dollars
T w e n t v dollars
F i f t y clollars
One'hundred dollars
F i v e hundred dollars
One t h o u s a n d doll a r s
•
'
Total
109, 972, 000
848, 862, 000 110, 628, 800. 00
517, 904, 496. 00
330, 957, 504. 00
97, 516, 000
62,184, 000
231, 840, 000
294, 354, 000
168, 866, 000
31,470, 000
49, 610, 000
16,450, 000
26, 890, 000
13,401,604.00
8, 696, 326. 00
38, 889, 920. 00
37, 362, 030. 00
16, 433, 620. 00
3, 654, 500. 00
5,107,000.00
276, 000. 00
306, 000. 00
75, 234,770. 90
46, 817, 626. 60
144,188,115. 50
189, 742, 289. 00
100, 016, 424. 00
18, 313, 490. 00
25, 383, 780. 00
15, 967, 000.00
26, 368, 000.00
22, 281, 229.10
15, 366, 373. 40
87, 651, 884. 50
104, 611, 711. 00
68, 849, 576. 00
13,156, 510. 00
24, 226, 220. 00
483, 000. 00
522, 000. 00
979 180 000 11^4. 197 nnn r\n
642, 031, 496. 00
337,148, 504. 00
1894.
One dollar
T w o 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
F i v e hundred dollars
Oue t h o u s a n d d o l l a r s
12, 828, 000
8, 040, 000
32, 540, 000
34, 760, 000
28, 960, 000
2, 620, 000
10, 570, 000
..
Total...
130, 318, 000
' '
89
TREASURER.
Wo.
3 3 . — S I L V E R CERTIFICATES OF EACH DENOMINATION ISSUED, R E D E E M E D ,
AND OUTSTANDING AT T H E CLOSE OF EACH F I S C A L YEAR—Continued.
Total
redeemed.
Outstanding.
$116, 372, 000
72, 488, 000
268, 520, O O
O
322, 394, 000
187, 986. 000
32, 790, 000
50, 460, 000
16, 450, 000
26,890, 000
$13, 895, 523. 00
9, 003, 322. 00
36, 069,175. 00
34,228,110.00
20, 844. 720.00
3, 574, 250.00
5,511,900.00
140, 000. 00
157, 000.00
$89,130, 293. 90
55, 820, 948. 60
180, 257, 290. 50
223, 970, 399. 00
120, 861,144. 00
21, 887, 740.00
30,895, 680. 00
16,107, 000. 00
26, 525, 000. 00
$27, 241, 706.10
16, 667, 051. 40
88, 262,709. 50
98, 423, 601. 00
67,124, 856. 00
10, 902, 260. 00
19, 564, 320. 00
343, 000. 00
365,000. 00
705, 455, 496. 00
328,894, 504. 00
135, 620, 000
81, 368, O O
U
314, 400, 000
367, 714. 000
206, 626, 000
38,350,000
60, 940, 000
16, 450, 000
26, 890, 000
17, 049, 336. 00
9, 758, 844. 00
40,167, 740. 00
37, 715, 320.00
23, 505, 360. 00
4, 347, 600. 00
7, 514, 300. 00
102, 500. 00
122, 000. 00
106,179, 629. 90
65, 579, 792. 60
220, 425, 030. 50
261,685, 719. 00
144, 366, 504. 00
26, 235, 340.00
38, 409, 980.00
16, 209, 500. 00
26, 647, 000. 00
29, 440, 370.10
15, 788, 207. 40
93, 974, 969. 5C
106, 028, 281. 00
62, 259, 496. 00
12,114,060.00
22, 530, 020. 00
240, 500. 00
243, 000. 00
905, 738,496.00
342, 619, 504. 00
125, 991,795. 90
75, 661, 325. 60
264, 283, 765. 50
300,981,474. 00
165, 397, 990. 00
30, 536, 015. 00
45, 480, 630.00
16, 272, 500. 00
26, 705, 000. 00
31, 064, 204.10
18,122, 674. 40
101, 736, 234. 50
113, 372,526. 00
67,148, 010. 00
15, 013, 985. 00
28, 659, 370. 00
177, 500. 00
185, 000. 00
178, 432, 000 1, 426,790, 000 145, 572, 000. 00 1,051,310,496.00
Total
Redeemed
during year.
154, 008, 000 1, 248, 358,000 140, 283, 000. 00
1895.
O n e dollar
T w o dollar.s.
F i v e dollars
T e n dollars
TAventy doUars
Fiftydollars
O n e h u n d r e d doUars
F i \ ' 0 l i u n d r e d d o l l a r s •-O'l e t h o u s a n d d o l l a r s
I s s u e d durTotalissued.
ing year.
115,170, 000 1, 094, 350, 000 123,424, 000. 00
Denomination.
375, 479,504. 00
$18, 856, 000
10, 304, 000
36, 680, 000
28, 040, 000
19,120, 000
1, 320, 000
850, 000
1896.
Ono dollar . .
T wo doUars
F i v e dollar.s
T c n doUars
T w e n t y dollars
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
One t h o u s a n d doUars
Total
1897.
One dollar .
T w o doUars
F i v e doUars
T e u dollars
T w e n t y dollars
Fifty dollars
One h u u d r e d d o l l a r s
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
19, 248, 000
8, 880, 000
45, 880, 000
45, 320, 000
18, 640, 000
5, 560, 000
10, 480, U O
O
21, 436, 000
12, 416, 000
51, 620, 000
46, 640, 000
25, 920, 000
7, 200, 000
13, 200, 000
157,056,000
93, 784, 000
366, 020, 000
414, 354, 000
232, 546,000
45, 550, 000
74,140. 000
16, 450, 000
26, 890, 000
19, 812,166. 00
10, 081, 533. 00
43, 858, 735. 00
39, 295. 755. 00
21, 031, 486. 00
4, 300; 675.00
7, 070, 650. 00
63, 000. 00
58, 000. 00
1898.
Total
146,134, 060. 90
86,328,185.60
305,402, 650. 50
336, 980, 534. 00
183, 563,170. 00
34, 505, 765. 00
65, 644,130. 00
16, 374, 000.00
26,921, OOO 00
30, 901, 939.10
18, 775, 814. 40
109,377,349.50.
125, 653, 466. 00
81, 062, 830. 00
22,844, 235. 00
9, 495, 870. 00
176, UOO. 00
269, 000. 00
173, 620,000 1,600,410,000 150, 543, 000.00 1,201,853,496.00
One dollar
T'wo clollars
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 doUars
F i v e h u n d r e d dollars
One thousand dollars
398, 556, 504. 00
19, 980, 000
11, 320, 000
48, 760, 000
48, 280, 000
32, 080, 000
11,800,000
1, 000, 000
100, 000
300, 000
177,036,000
105,104, 000
414, 780, 000
462, 634, 000
264, 626, 000
57, 350, 000
75,140, 000
16, 550, 000
27,190, 000
20,142, 265.00
10, 666, 860. 00
41,118, 885. 00
35, 999, 060. 00
18,165,180. 00
3, 969, 750.00
20,163,500.00
101, 500.00
216, 000. 00
1899.
Total
167, 702, 268. 90
97, 823, 580. 60
348, 384, 847. 50
374, 081,129. 00
203,613,050 00
40, 883, 890. 00
69, 724, 230. 00
16, 436, 5U0. 00
27, 035,000. 00
40, 741, 731.10
22, 992, 419.40
106, 895,1.52. 50
126,192, 871. 00
80, 612, 950. 00
22,966,110. 00
5,415, 770. 00
113, 500. 00
155, 000. 00
151, 360, 000 1,751,770,000 143, 831, 000. 00 1,345,684,496.00
O n e dollar
Two dollars.
Fivedollars . . . .
Teu 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 u d doUars
406,085,504. 00
26, 887, 693. 00 194, 589, 961. 90
13,241,736.00 111, 065, 316. 60
41,030,180 00 389,415,027.50
36, 775, 520. 00 410, 856, 649. 00
20,980, 800. 00 224, 593, 850. 00
10, 974, 525. 00
51, 858, 415. 00
77, 808, 780. 00
8. 084, 550. 00
16, 537, 000.00
100, 500. 00
4,111,000.00
31,146,000.00
52, 222, 038.10
30, 838, 683. 40
114, 004,972. 50
133,137, 351. 00
64, 832,150. 00
15, 791, 585. 00
3, 731, 220. 00
113, 000. 00
1, 344, 000. 00
172,116, 000 1, 923, 886, 000 162,186,504.00 1.507.871.000.00
416, 015, 000. 00
31, 408, 000
15, 712, 000
40, 500, 000
37, 640, 000
19, 600, 000
6, 500, 000
208, 444,000
120, 816, 000
455, 280,000
500,274,000
284, 226, 000
63, 850, O O
U
75,140, O U
O
16, 550, 000
27,190, 000
21, 568, 208. 00
11, 495, 395. 00
42, 982,197. 00
37,100, 595. 00
20,049, 880. 00
6, 378,125. 00
4, 080,100. 00
62, 500. 00
114, 000. 00
1900.
One dollar
T w o dollars
F i v e dollars
T e u doUars
T w e n t y dollars
F i f t y doUars
O n e h u n d r e d doUars
Fis^e 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 dollars
Total
38, 368, 000
21, 088, 000
48,140, 000
43, 720, 000
5, 200, 000
3, 800, 000
6, 400, 000
100, 000
5, 300, 000
246, 812, 000
141, 9U4, 000
503, 420, 000
543,994,000
289. 426, 000
67, 650, O U
O
81, 540, 000
16, 650, 000
32,490, 000
.
90
REPORT ON THE
FINANCES.
WOo 3 4 . — C U R R E N C Y CERTIFICATES, ACT OF J U N E 8, 1872, O F EACH DENOMINATION
I S S U E D , R E D E E M E D , AND OUTSTANDING AT THE CLOSE OF EACH FISCAL YEAR.
Issued dur- T o t a l i s s u e d ;
Kedeemed
ing year.
during year.
Denomination.
Total
redeemed.
Outstanding.
1873.
$11. 790, 000
45,450,000
$3, 310,000
22,120, 000
$3,310.000
22,120, 000
$8,480,000
23, 330, O O
U
.57. 240. ono
25,430, 000
25,430, 000
31,810,000
7, 895, 000
• 72,770,000
19, 685, 000
118, 220, 000
8, 855, 000
44, 630, 000
12,165, 000
66,750, 000
7, 520, 000
51, 470, 000
80,665, 000
137, 905, O O
U
53,485,000
78,915, 000
58, 990, 000
4, 525,000
76, 570, 000
24, 210, 000
194, 790,000
7, 550, 000
73, 490, 000
19, 715, 000
140, 240, 000
4,495, 000
54, 550, 000
81,095, 000
-219, 000, 000
81,040,000
159, 955, 000
59, 045, 000
28, 760, 000
53, 640,000
52, 970, 000
248, 430, 000
1.9, 595, 000
88,710,000
39, 310, 000
228, 950, 000
13, 660, 000
19, 480, 000
82, 400, 000
301,400, 000
108, 305, 000
268, 260, 000
33 140 000
7,135, 000
69, 750, 000
60,105, 000
318,180,000
11,625,000
44, 420, 000
50, 935, 000
273,370,000
9,170, 000
44, 810,000
76, 885, 000
378. 285. 000
56, 045,000
324, 305,000
53, 980, 000
7, 300, 000
67,405, 000
79,380,000 1 397,560,000
11, 055, 000
83, 360, 000
61, 990, 000
356, 730, 000
5,415,000
40, 830, 000
86, 680, 000
464, 965, 000
94,415,000
418, 720, 000
46,245, 000
7, 435, 000
82,330,000
74, 840, 000
479, 890; 000
9, 500, 000
97,180, 000
71, 490, 000
453, 910, 000
3, 350, 000
25,980,000
89, 765, 000
554, 730, 000
106, 680, 000
525, 400, 000
29, 330, 000
4, 015, 000
78, 855, 000
43, 040, 000 1 522, 930, 000
5, 240, 000
56, 870,000
76, 730, 000
510,780, 000
2,125, 000
12,150, 000
47,055,000 1 601,785,000
62,110,000
587, 510, 000
14.275,000
2, 215, 000
15, 3.50, 000
81, 070, OCO
538, 280, 000
2, 875,000
17, 350, 000
79, 605, 000
528,130, 000
1, 465, 000
10,150, 000
17, 565, 000
619,350,000
20,225,000
607, 735, 000
11,615,000
2, 950, 000
13, 960, 000
84, 020, 000
552, 240, 000
1, 875, 000
13, 290, O O
U
81, 480,000
541, 420, 000
2, 540, 000
10, 820,000
16, 910, 000
Total
$11,790, 000
45, 450,000
57, 240, 000
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
636, 260, 000
15,165, 000
622, 900, 000
13, 360,000
3, 470, 000
16, 560, 000
87,490,000
568,800,000
3, 520, 000
16, 690, 000
85,000,000
558,110, 000
2, 490,000
10, 690, 000
20,030, 000
656, 290, 000
20, 210, 000
643,110, 000
13,180, 000
4,300,000
22:570,000
91, 790, 000
591, 370, U O
O
4, 520, 000
23, 300, 000
89, 520, 000
581,410, 000
2, 270,000
9, 960, 000
26, 870, 000
683,160. 000
27, 820,000
670, 930, 000
12, 230, 000
1874.
F i v e t h o u s a n d dollars
T e n t h o u s a n d clollars
Total
1875.
F i v e thousand dollars
Ten thousand dollars...
Total
i.
1876.
T e n t h o u s a n d dollars
Total
1877.
F i v e thousand dollars
T e n t h o u s a n d doUars
Total
1878. ^
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
Total......
1879.
F i v e t h o u s a n d doUars
Ten t h o u s a n d dollars
Total
1880.
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
Total
1881.
F i v e thousand dollars
Ten thousand dollars.
Total
1882.
F i v e t h o u s a n d dollars
T e n t h o u s a n d clollars
Total
1883.
F i v e thousand dollars
Ten thousand dollars. . ..
Total
...
1884.
F i v e thousand dollars
T e n t h o u s a n d dollars
Total
91
TREASURER.
W o . 3 4 . — C U R R E N C Y CERTIFICATES, ACT O F J U N E 8, 1872, O F BACH DENOMINATION
ISSUED, R E D E E M E D , AND OUTSTANDING, ETC.—Continued.
I s s u e d during year.
Denomination.
Redeemed
Total issued. during year.
Total
redeemed.
Outstanding.
1885.
$5, 785, 000
50, 770, 000
$4, 390, 000
35,110, 000
$93, 910, 000
616, 520, 000
$3, 665, 000
25, 620, 000
739,715, 000.
39, 500, 000
710, 430, 000
29, 285, 000
4, 630, 000
43, 020, 000
102,205,000
685,160, 000
6, 085, 000
52, 740, 000
99, 995, 000
669, 260, 000
2, 210, 000
15, 900, 000
47, 650, 000
787, 365, 000
58, 825, 000
769, 255, 000
18,110, 000
28, 400, 000
102,-205,000
713, 560, COO
I, 740, 000
35, 750,000
101,73.5, 000
705,010, 000
470, 000
8, 550, 000
28, 400,000
815,765, 000
37,490, 000
806, 745, 000
9, 020, 000
230,000
30,170, 000
102, 435, 000
743, 730, 000
65, 000
24, 490, 000
101, 800,000
729, 500, 000
635,000
14, 230, O O
U
30, 400, 000
' Total
$97, 575, 000
642,140,000
56, 555,000
F i v e t h o u s a n d dollars
Ten t h o u s a n d dollars
846,165, 000
24, 555, 000
831,300,000
14, 865, O O
U
1886.
F i v e t h o u s a n d doUars
T e n t h o u s a n d dollars
...
. ....
Total
1887.
T e n t h o u s a n d dollars
Total
1888.
F i v e t h o u s a n d dollars
T e n t h o u s a n d doUar.s
.. . -
Total
•
1889.
32, 650, 000
90, 000
30, 230, 000
101, 890, 000
759, 730, 000
545, 000
16, 650,000
878, 815, 000
30, 320,000
861, 620, 000
17,195, 000
23, 480,000
102,435,000
799, 860, 000
95, 000
28,190, 000
101, 985, 000
787,920, 000
450, 000
11, 940, 000
23, 480, 000
902, 295, 000
28, 285,000
889, 905, 000
12, 390, 000
39i 440, 000
102, 435, 000
839, 300, 000
150, 000
27,900, 000
102,135, 000
815,820, 000
300, 000
23,480, 000
39,440, 000
941,735, 000
28, 050, 000
917, 955, 000
23, 780, 000
70, 800,000
102, 435, 000
910,100, 000
10,000
64,150, 000
102,145, 000
879, 970, 000
290,000
30,130,000
70, 800, 000 1, 012, 535, 000
64,160, 000
982,115, 000
30, 420,000
102, 440,000
952,730, 000
50, 000
60,600, 000
102,195,000
940, ,570, 000
245, 000
12,160,000
42, 635, 000 1, 055,170, 000
Total
102, 435, 000
776, 380, 000
32, 650, 000
F i v e t h o u s a n d dollars
T e n thousancl d o l l a r s
60, 650, 000 1,042,765, 000
12, 405, 000
102, 630, 000
190,000
78,400, 000 1, 031,130, 000
40,000
30,920, 000
102,235,000
971, 490, 000
395, 000
59, 640, 000
78, 590,000 1,133,760, 000
30, 960,000 1, 073, 725, 000
60, 035, 000
20,000
102, 650, 000
67, 560, OOO 1, 098, 690, 000
102, 355, 000
120, 000
71, 700, 000 1, 043,190, 000
295, 000
55, 500, 000
67,580,000 1, 201, 340, 000
71,820, 000 1,145,545,000
55, 795,000
104. 490. 000
1, 840, 000
70,970.000 jl, 169, 660, 000
1, 935, 000
104, 290,000
94, 460, 000 1,137, 650, 000
200, 000
32, 010, 000
72, 810, 000 ll. 274.1.50. 000
96, 395, 000 1, 241, 940, 000
32, 210,000
1890.
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
...
Total
1891.
F i v e t l i o u s a n d dollars
T e n t h o u s a n d dollars
Total
1892.
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
Total
1893.
F i v e t h o u s a n d dollars
Ten t h o u s a n d dollars
Total
5,000
42, 630,000
1894.
T e n t h o u s a n d dollars
Total
1895.
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
Total
1896.
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
Total
92
REPORT
ON T H E FINANCES.
N o . 3 4 . — C U R R E N C Y CERTIFICATES, ACT O F J U N E 8,1872, O F EACH DENOMINATION
ISSUED, R E D E E M E D , AND OUTSTANDING, ETC.—Continued.
I s s u e d dur- T o t a l i s s u e d . R e d e e m e d
duriug year.
ing year.
Denomination.
1897.
F i v e t h o n s a n d dol lars
T e n t h o u s a u d dollars
Total
1898.
Ten thousand dollars
Total
1899.
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
Total
1900.
Total
redeemed.
Outstanding.
$1, 390, 000 $105,880, 000
104,710,000 1,274,370,000
106,100, 000 1, 380, 250, 000
105, 080, 000
400, 000
88, 490, 000 1, 301, 720, 000
88, 890, 000 1,406, 800, 000
855, 000
25, 750, 000
26, 605, OUO
305,935,000
30, 800, 000 1, 358, 270, 000
30, 800, 000 1,464, 205, 000
450, 000
105, 530, 000
35, 600, 000 1, 337, 320, 000
36, 050, 000 1, 442, 850, 000
405, 000
20, 950,000
21, 355, 000
105, 935, 000
9. 420, 000 1, 367, 690, 000
9 420 O O 1, 473, 625, 000
U
T e n t h o u s a n d dollars
Total
$1,200,000
61,140, 000
62, 340, 000
105,935, 000
55, 000
53,100, 000 1. 327, 470, 000
53,155, 000 1, 433, 405, 000
-
$390, 000 $104, 680, 000
75, 580, 000 1, 213, 230, 000
75, 970, 000 1, 317,910, 000
370,000
105, 900, 000
26, 700, 000 1, 364, 020, 000
27, 070, 000 1, 469, 920, 000
35, 000
3, 670, 000
3, 705, 000
N o . 3 5 . — A M O U N T O F U N I T E D STATES NOTES, T R E A S U R Y N O T E S , AND GOLD, S I L VER, AND C U R R E N C Y 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 YEAR FROM 1866.
Denomination.
I s s u e d durRedeeraed
ing year. Total issued. d u r i n g year.
• Total
redeeraed.
O u t s t a n cling.
1866.
$714, 000
664, 000
O n e clollar
F i v e clollars
Ten dollars
T w e n t y doUars
Fifty dollars
One h u n d r e d doUars
F i v e h u n d r e d dollars
One thousand dollars
F i v e thousand dollars
T e n t h o u s a n d dollars
Total
Unlmow^n, i n r e s e r v e
Net
1867.
One dollar
T w o doUars
F i v e dollars . . . .
....
T w e n t y doUars
Fiftydollars
One h u n d r e d duU.i,rs
F i v e hundred dollars
One thousand 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
Total
Unlinown, in reserve
Net
1868.
One dollar
156, 360
2,791.300
11, OUU, 000
34, 546, 000
82, OOU; 000
1, OUO, 000
132, 871, 660
132,871,660
1,500,000
2, 000, 000
203, 920
2, 738, 200
3, 493, 000
71,639,000
85, 520, 000
4, 000, 000
171, 094,120
171, 094,120
F i v e dollars
Ten dollars . . . .
T w e n t y dollars
F i ftv d o l l a r s
Oue h u n d r e d doUars
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 thousand dollars
Ten thousand dollars
Total
Unknown, in reserve
Net
2, 483, 348
3,510,696
205, 400
2, 204, 000
4,179, 500
19, 870, 000
61, 625, 000
94, 077,944
94, 077, 944
$18, 846, 000
20, 560, 000
96, 063, 820
110, 005, 040
87, 076, 040
30, 055, 200
37,135, 300
44, 914, 000
83,950,000
82, 000, 000
1,000,000
612, 205, 400
79, 932, 425
532, 272, 975
$1, 266, 405.15
1,421,898.50
• 588,593.50
473,548.00
1,071,932.00
406, 892. 50
2, 513, 075. 00
387, 425. 00
11, 355, 800. 00
73, 800, 000. 00
1, OOO OOO 00
94, 285, 659. 65
94, 285. 659. 65
$1, 637, 240. 90 $17, 208, 759.10
1,750,164.75
18, 809, 835. 25
1, 217, 894. 50
95,445, 925.50
987,184. 50 109 017 855 50
1, 891, 747. 00
85,184, 293. 00
7.32, 4 62. .50 29, 322, 737. 50
34,106, 385.00
3,028,915.00
35,425,600.00
9,488, 400. 00
58, 945, 200. 00
25, 004, 800. 00
8, 200, 000. 00
73, 800, 000. 00
1, 000, 000.00
120, 538, 809.15 491, 666, 590.85
79, 932,425. 00
120, 538, 809.15 411,734,165.85
20, 346, 000
3, 220, 683. 25
22,560, 000
3,691,717.10
96, 663, 820 30, 397, 678. 75
110, 005, 040 22, 679, 294. 75
87, 279, 960 19, 271, 830. 00
2, 985, 275. 00
30, 055, 200
7, 576, 750. 00
39, 873, 500
5, 979.825.00
48, 407, 000
155, 589, 000 77, 369, 900. 00
167, 520, 000 75, 050, 000. 00
5, 000, 000
4, 000, 000. 00
783, 299, 520 252, 222, 953. 85
13, 806, 000
769,493, 520 252, 222, 953. 85
4, 857, 924.15
15, 488, 075. 85
5, 441, 881. 85
17,118,118.15
31, 615, 573. 25
65, 048, 246.75
86, 338, 560. 75
23, 666,479. 25
66,116, 383. 00
21,163, 577. 00
26, 337, 462. 50
3,717,737.50
29, 267, 835. 00
10, 605, 665. 00
32, 938, 775. 00
15,468,225.00
53, 214, 300. 00
.102, 374, 700. 00
18, 670, 000. 00
148, 850, 000. 00
5, 000, 000. 00
372, 761, 763. 00 410, 537, 757. 00
13, 806, OOO 00
372, 761, 763. 00 396,731,757.00
22, 829, 348
4, 297, 683. 25
26, 070,696
4,667,751.70
96; 663, 820
2, 210, 801. 25
110, 00.5, 040
3, 506, 372. 50
87,485, 360
2, 594, 285. U
O
30, 055, 200
841, 932. 50
42, 077, 500
3,173, 875. 00
52, 586, 500
3, 458, 475. 00
175, 459, 000 16, 980, 000. 00
229,145, 000 63,170, 000.00
5, 000, 000
877, 377, 464 104, 901,170. 20
19, 872,484
857, 504, 980 I."04790l7i76720~
9,155, 607.40
13, 673, 740. 60
10,109,633.55
15, 961, 062.45
33, 826, 374. 50
62, 837, 445. 50
27,172, 851. 75 . 82, 832,188. 25
23, 757, 862. 00
63, 727, 498. 00
4, 559,'670. 00
25, 495, 530. 00
13, 779, 540.00
28, 297, 960. 00
18, 926, 700. 00
33, 659, 800. 00
119, 354, 700. 00
56,104, 300. 00
212,020, 000.00
17,125, 000. 00
5, 000, 000. 00
477, 662, 939. 20 399, 714, 524. 80
19, 872,484. 80
477, 662, 939. 20 379,842, 040. 00
93
TREASURER.
No.
3 5 . — A M O U N T OF U N I T E D STATES N O T E S , TREASURY N O T E S , AND GOLD, S I L -
VER, AND CURRENCY CERTIFICATES, ETC.—Continued.
I s s u e d durRedeeraed
ing year. Total issued. during year.
Denoraination.
1869.
One dollar
T w o doUars
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
$5, 522, 000
8, 000, 432
4, 336,180
8, 004, 960
16, 227, 580
..
8, 265, 400
12,498, 500
32, 961, 000
62, 29U, 000
$28, 351, 348 $4, 929, 028. 40
34, 071,128
5, 287, 765.90
101, 000, 000
6, 641, 495. 50
118,010,000
6, 833, 888. 00
103,712,940
6,041, 389. 00
30, 055, 200
7, 211, 355.00
50, 342, 900
8, 600, 685. 00
65, 085, 000
9, 777, 975.00
208, 420, 000 19, 829, 000. 00
291,435, 000 50, 365, 000. 00
5, 000, 000
Total
redeenied.
Outstanding.
$14, 084, 635. 80 $14, 266, 712. 20
15, 397, 399.45
18, 673, 728. 55'
40,467, 870.00
60, 532,130. 00
34, 006, 739. 75
84,003, 260. 25
29, 799, 251. 00
73, 913, 689. OO
11,771, 025. 00 18,284,175.00
22, 380, 225.00
27, 962, 675. OO
28, 704, 675.00
36, 380,325. 00
139,183, 700. 00 69, 236, 300. 00
262, 385, 000. 00
29, 050, 000. 00'
5, 000, 000. 00
*
158,106,052 1, 035,483, 516 125, 517, 581. 80
. 39,444, 855
Total
603,180, 521. 00
432,302,995 OO
39,444,855.00
996, 038, 661 125, 517, 581.80
603,180,521. 00
392, 8.58,140. 00
36, 571, 348
48,103,128
120, 580, 000
155, 930, 000
127, 640, 000
50, 655, 200
80, 244, 900
68, 586, 000
218,473. 000
327, 690, 000
30, 530, 000
18, 507, 520. 25
18 063 827 75
20, 607, 010. 75
27, 496,117 25
49, 961, 841. 25
70,618,158 75
51, 687,812; 25 104, 242,187.75
39, 671,154. 00 87, 968, 846. 00'
18, 448, 242. 50
32,206 957 50
30, 688, 885. 00
49,556,015.00
43, 212, 650.00
25, 373, 350 OO
173,461,700.00
45, Oil, 300. 00
309, 250, 000. 00
18,440,000.00
19, 400, OOO 00 11,130,000 00
158,106, 052
Net
1870.
8, 220, 000
14, 032, 000
19, 580, 000
37, 920, 000
23, 927, 060
20, 600, 000
29, 902, 000
3, 501, O O
U
10, 053, 000
36, 255, 000
25, 530, 000
One clollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
FiftydoUars
One'hundred dollars
F i v e h u n d r e d doUars
One thousand dollars
F i v e t h o u s a n d dollars
Ten thousand dollars
4,422, 884.45
5, 209, 611. 30
9, 493, 971. 25
17, 681,072. 50
9, 871, 903. 00
6, 677, 217.50
8, 308, 660. 00
14, 507, 975. 00
34, 278, 000. 00
46, 865, 000. 00
14, 400, 000. 00
229, 520, 060 1, 265, 003,576 171, 716, 295. 00
96, 801, 760
Net
774, 896, 816. 00
490,106, 760. 00
96, 801,760. OO
229, 520, 060 1,168, 201, 816 171, 716, 295. 00
Total
I n reserve
774, 896, 816. 00
393, 305, 000 00'
23, 509, 728. 70
27.428, 871. 55
63,978, 373. 50
68, 685, 653. 75
56, 308, 947.00
23, 537, 562. 50
39,963, 765. 00
61. 738. 525. 00
214, 286, 700.00
339,120, OOO 00
48, 710, 000. 00
20 541,170 30'
25, 766, 256.45
48,461, 626. 50
77,144, 346. 25
67,966,053 00
23, 617, 637. 5 0
25, 981,135. 00
32, 291, 475. OO
40, 069, 300. 00
5, 220, 000. 00
11, 040, 000. OO
1871.
7,480, 611
5, 985, 000
5, 860, 000
11, 266, 000
12, 995, 000
6, 555, 000
8, 785, 700
27,485, 000
44,883,000
16, 650, 000
29, 220, 000
O n e dollar
T w o dollars
F i v e dollars
Ten dollars
T w e n t y dollars
Fifty dollars
O n e l i u n d r e d dollars
F i v e h u n d r e d doUars
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 thousand dollars
Total
44, 050, 899
53,195,128
112, 440, 000
145, 830, O O
O
124, 275, Odo
47,155, 200
65, 944, 900
94, 030, 000
254, 356, 000
344, 340, 000
59, 750, 000
5, 002, 208. 45
6, 821, 860.80
14, 016, 532. 25
16, 997, 841.50
16, 637, 793. 00
5, 089, 320. 00
9, 274, 880. 00
18, 525, 875. 00
40, 825,000.00
29, 870, 000. 00
29. 310, 000. 00
177,165, 311 1, 345, 367,127 192, 371, 311, 00
1872.
9, 931, 304
9,172, 000
9, 962, 500
12,210, 000
13, 001, 000
4, 035, 000
5, 998. 000
4, 299, 500
13, 660, 000
15, 940, 000
34, 620, 000
53, 982, 203
62, 367,128
122, 402, 500
158, 040, 000
137, 276,000
51,190, 200
71, 942, 900
98, 329, 500
268, 016, 000
360, 280, 000
94, 370, 000
29, 234, 245. 30
34, 995, 603. 45
75, 636, 977. 50
82,270,159.25
69,599,123. 50
26, 237, 857. 00
45, 348, 730. 00
68, 766, 475. 00
226, 672, 700. 00
351, 885, 000. 00
76, 900, 000. 00
24 747,957.70
27, 371, 464. 55
46, 765, 522. 50
75,769 840 75
67, 676,876. 50
24, 952, 343. OO
26, 594,170. 00
29, 563,025. OO
41, 343, 30O OO
8, 395, 000. 00
17,470, 000.00
132, 829, 304 1, 478,196, 431 120, 278, 804. 00 1, 087, 546, 931. 00
390, 649, 500 00-
One dollar
T w o dollars
F i v e dollars
T e n clollars . .
T w e n t y dollars
F i f t y dollars
One'hundred dollars
F i v e h u n d r e d dollars
One t h o u s a n d doUars
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
Total
5, 724, 516. 60
7, 566, 791. 90
11, 658, 604. 00
13, 584, 505. 50
13,290,176. 50
2, 700, 294.50
5, 384, 965. 00
7, 027, 950. 00
12, 386, 000. 00
12, 765, 000. 00
28,190, 000. 00
967, 268,127. 00 378, 099, 000. OO
1873.
Total
D n l c n o w n de!3troyed
Net
6, 517, 793. 20
7, 712, 608. 55
9, 903, 055. 00
12, 367, 770. 75
10,743, 576. 50
1, 755, 468. 00
3,594, 970. 00
7, 786, .525. 00
12, 709, 300. 00
15, 020, 000. 00
46, 220, 000.00
25,211,731.50
27, 474, 856. 00
46,399, 967. 50
73, 332, 070.00
67,217,300. 00
26,196, 875.00
28, 954,700. 00'
28, 292, 500.00
43,848, 000.00
15, 940, 000. 00
49, 780, 000. 00
176, 329, 567 1, 654, 525, 998 134, 331, 067. 00 1, 221, 877, 998.00
1, 000, 000. 00
1,000,000 00
432, 648, 000. 00
1,000 000 00
176, 329, 567 1, 654, 525, 998 135, 331,067. 00 1, 222, 877, 998.00
431, 648, 000. OO
6, 981, 567
7, 816, 000
9, 537, 500
9, 930, 000
10, 284, 000
3, 000, 000
5, 955, 500
6, 516, 000
15, 214, 000
22, 565, 000
78,-530,000
TAVO d o U a r s .*. .
F i v e dollars
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
F i v e hundred 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 doUars
T e n thousand dollars
60, 963, 770
70,183,128
131, 940, 000
167, 970, 000
147, 560, 000
54,190, 200
77, 898, 400
104, 845, 500
283, 230, 000
382, 845,000
172, 900, 000
35, 752, 038. 50
42, 708, 272. 00
85, 540,032. 50
94, 637, 930. 00
80, 342, 700.00
27, 993. 325.00
48, 943, 700.00
76, 553,000. 00
239, 382, 000. 00
366, 905, 000.00
123,120,000. 00
O n e dollar
.
~
94
REPORT ON T H E FINANCES.
No. 3 5 .
- A M O U N T O F 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 GOLD, S I L VER, AND CURRENCY CERTIFICATES, ETC.—Continued.
Redeemed
I s s u e d dur- T o t a l issued.
duiing year.
ing year.
Denoraination.
1874.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollaa'S
One thousand dollars
Five thousand doUars
Ten thousand doUars
$8, 931, 669
10,177,520
12, 595, 760
15, 665, 240
14,178,400
5, 230, 000
10, 629, 500
20, 249, 000
32.739, 000
16,050, 000
102, 740, O O
U
-.
$69, 895, 439
80, 360, 648
144, 5B5, 700
183, 635, 240
161,738, 400
59,420, 200
88, 527, 900
125, 094, 500
315, 969, 000
398, 895, 000
275, 640, 000
$8, 571, 888. 50
9, 534, 938. 00
8,452, 272. 50
12, 273, 385. 00
8, 904, 230.00
2, 030, 775. 00
3, 794, 000. 00
37,175, 500. 00
14,447, 000. 00
20, 735, 000. 00
91,100, 000. 00
Total
redeemed.
Outstanding.
$44, 323,927. 00 $25, 571, 512.00
52, 243, 210. 00
28,117, 438.00
93, 992, 305.00
50, 543,455.00
106, 911, 315. 00
76, 723,925. 00
72, 491, 470.00
89,24o, 930. 00
30, 024,100. 00 29, 396,100. 00
35,790. 200. 00
52,-737,700 00
113,728, 500. 00 11, 366, 000. 00
62,140, 000.00
253, 829, 000. 00
387, 640, 000. 00
11, 255, 000. 00
214, 220, 000. 00
61,420, 000. 00
249,186, 089 1, 903, 712, 087 217, 018, 989. 00 1,438, 896, 987. 00 464, 815,100. 00
1,000, 000.00
1,000,000.00
Total
-.
Unknown destroyed
249,186, 089 1, 903, 712, 087 217, 018, 989.00 1,439, 896, 987. 00 463, 815,100. 00
Net
1875.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty clollars
One'hundred dollars
Five hundred dollars
One thousand dollars
Five thousaud dollars
Ten thousand dollars
Total
14,626,156
10, 934, 400
6,926, 000
13. 560, 000
10,160, 000
8, 960, 700
4,487, 300
31, 540, 500
: 16,373, 000
17, 315, 000
120, 370, 000
84, 521, 595 12, 780, 804. 50
91, 295, 048 12, 706, 512. 00
151, 461, 760 12, 617, 201. 50
197,195,240 17,129, 380.00
171,898,400 15, 263, 928. 00
68, 380, 900
7, 096, 850. 00
93,01.5,200
8, 030, 600. 00
156, 635, 000
9,560,000.00
332, 342, 000 29, 315, 000. 00
416,210,000 20, 445, 000.00
396,010, 000 117, 510, 000. 00
57,104,731.50
64, 949, 722. 00
106, 609, 506. 50
124, 040, 695.00 "
104, 510, 858. 00
37,120, 950.00
60, 768, 300.00
123, 288, 500. 00
283,144, 000. 00
408, 085, 000. 00
331,730,000 00
255, 253, 056 2,158, 965,143 262,455, 276. 00 1, 701, 352, 263.00
1,000, 000. 00
..
27,416, 863. 50
26, 345,326. 00
44, 852, 253. 50
73,154, 545.00
67, 387, 542. 00
31,259,950.00
32, 246, 900.00
33, 346, 500. 00
49,198, 000. 00
8,125, 000. 00
64, 280, 000. 00
457, 612, 880 00
1, 000, 000. 00
255, 253, 056 2,158, 965,143 262, 455, 276. 00 1, 702, 352, 263. 00 456, 612, 880. 00
Net
1876.
97, 966, 353 12, 854,116. 60
104, 087, 048 11, 056, 846. 40
164, 541, 760 11, 614, 081.00
208, 391, 240 14, 945, 686. 00
184, 082, 400 13,189, 679.00
78, .531,900
5, 922,185. 00
99, 772, 800 10, 652, 460. 00
171, 890, 500 11, 915, 500. 00
340, 543, 000 15, 585, 500. 00
489, 855, 000 54, 680, 000. 00
483, 500, 000 126, 200, 000. 00
69, 958, 848.10
76, 606, 568.40
118, 223, 587. 50
138, 986, 381. 00
117, 700, 537.00
43,043,135.00
71, 420, 760. 00
135, 204, 000.00
298, 729, 500. 00
462,765, 000. 00
457,930,000.00
28, 007,504.90
27,480, 479. 60
46, 318,172. 50
69,404,859.00
66, 381, 863. 00
35, 488, 765. 00
28, 352, 040. 00
36, 686, 500. 00
41, 813, 500. 00
27, 090, 000. 00
25, 570, 000. 00
Total
264,196, 858 2,423,162, OOI 289, 216, 054. 00 1,990, 568, 317. 00
Unkn own destroyed . . . . .
1, 000, 000. 00
432, 593, 684. 00
1, 000, OOO 00
13, 444, 758
12, 792, 000
13, 080, 000
11,196, 000
12,184, 000
10,151,000
6, 757, 600
15,255,500
8,201,000
73,645, O O
U
87. 490, 000
One dollar
Two dollars
Five doUars
Ten dollars .
Tweuty dollars
Fifty doUars
One hundred dollars
Five hundred doUars
One thousand dollars
Five thousand dollars
Ten thousand dollars
264,196, 858 2,423,162, 001 289, 216,054. 00 1,991,568,317.00
•Net
431, 593, 684.00
1877.
One dollar
Two dollars
Five clollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars...
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
10,147, 399
9, 432, 000
14,180, 000
7, 320, 000
8,160, 000
5, 983, 300
8, 258, 900
8,431, 500
10, 694, 000
15, 630,000
109, 230, 000
82, 953, 454. 20
88,149, 221. 80
129,423,536. 00
151,175, 533.00
129, 633, 203.00
48, 602, 290. 00
77,416, 930. 00
143,419, 500.00
310, 558, 500. 00
490, 320, 000. 00
522, 660, 000. 00
25,160, 297.80
25, 369, 826. 20
49, 298, 224. 00
64,535, 707.00
62, 609,197. 00
35,912, 910. 00
30, 614, 770.00
36, 902, 500.00
40, 678, 500. 00
15,165, 000.00
70, 070, 000.00
Total
Unknown, destroyed
207,467, 099 2, 630, 629,100 1.83, 743, 851. 00 2,174, 312,168.00
1, 000, 000. 00
456,31.6, 932. 00
1, 000, 000. 00
Net
1878.
O n e 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 hunclred d o l l a r s
F i v e h u n d r e d dollars
108,113, 752
113, 519, 048
178, 721, 760
215, 711, 240
192, 242,400
84, 515, 200
.108, 031,700
180, 322, 000.
351,237, 000
505. 485, 000
592,730, O O
U
12, 994, 606.10
11, 542, 653. 40
11,199, 948. 50
12,189,152. 00
11,932, 666.00
5, 559,155. 00
5, 996,170.00
8, 215, 500. 00
11,829, 000. 00
27, 555,000.00
64, 730, 000. 00
207, 467, 099 2, 630, 629,100 183, 743, 851.00 2,175, 312,168. 00 455-, 316, 932.00
7, 562, 351
6, 288, 000
15, 820, 000
11, 503, 220
9, 210, 240
3, 213, 250
8, 036, 700
6, 880, 000
115,676,103
119, 807,048
194, 541, 760
227,214,460
201,452, 640
87, 728,450
116,068,400
187, 202, 000
11,792,774.50
10, 746, 878. 00
10, 448, 667. 50
10, 364, 063.00
9, 080, 554. 00
11, 930, 230. 00
5, 509,100.00
9, 614, 000. 00
94, 746, 228. 70
98, 896, 099. 80
139, 872.203. 50
161, 539, 596.00
138,719, 757.00
60, 532, 520. 00
82, 926, 030. 00
153, 033, 500.00
20, 929,874.30
20, 910. 948. 20
54, 669, 556. 50
65, 674, 864.00
62, 732, 883.00
27,195, 930.00
33,142, 370.00
34,168, 500. 00
95
TREASURER.
N o . 35a-
- 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 , AND GOLD, S I L -
VER, AND CURRENCY CERTIFICATES, ETC.—Continued.
Issued durRedeemed
ing year. Total issued. d u r i n g year.
Denomination.
1878.
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
$8, 390, 000
15, 575, 000
113, 670, 000
$359, 627, 000 $8,395,000 00
521, 060, 000 19, 925, 000. 00
706, 400, 000 114, 510, 000. 00
Total
redeemed.
Outstanding.
$318, 953, 500. 00
510, 245, 000. 00
637,170, 000.00
$40, 673, 500. 00
10, 815, 000. 00
69, 230, 000. 00
5
206,148, 761 2, 836,.777, 861 222 322 267 00 !> 396. 0.^4 435 on 440 143 4^6 00
1, 000, 000. 00
1 000 000 00
Total
206,148, 761 2,836, 777, 861 222, 322, 267. 00 j2, 397, 634,435. 00 439,143, 426.00
]N"et
1879.
122,179,236
9, 223, 026. 50
125, 699, 048
8, 710, 295. 00
205, 601, 760 11, 622, 443.50
236, 538, 240 10,196, 252. 00
208, 938,400
9, 650, 836. 00
90, 260, 200
4, 059, 340. 00
121, 700, 800
.5, 561, 390. 00
195, 388, 000
8, 075; 000.00
371,852, 000 13, 670, 000. 00
536,730, 000 16, 680, 000. 00
797, 230, 000 123, 070, 000.00
T w e n t v doUars
Fiftydollars
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 dollars
One t h o u s a n c l d o l l a r s
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
6, 503,133
5, 892, 000
11, 060, 000
. 9,323,780
7, 485, 760
2, 531, 750
5, 632,400
• 8,186, 000
12, 225, 000
15, 670, 000
90, 830, 000
103, 969, 255. 20
107, 6U6,394. 8U
151, 494, 647. 00
171, 735, 848. 00
148, 370, 593. 00
64, 591, 860. 00
88, 487, 420. 00
161,108, 500. 00
332, 023, 500. 00
526, 925, 000. 00
760, 240, 000.00
18 209 980 80
18, 092, 653. 20
54,107,113.00
64, 802, 392.00
60, 567,807. 00
25, 668, 340. 00
33, 213, 380. 00
34, 279, 500. 00
39, 228, 500. 00
9, 805, 000. 00
36,990, 000. 00
Total
U n k n o w n destroyed
175, 339, 823 3,012,117,684 220, 518, 583. 00 2,617,153,018.00
1, 000,000. 00
394, 964, 666. 00
1, 000,000. 00
O n e dollar
T w o dollars
F i v e dollars
.--
Net
-..
....
175, 339, 823 |3, 012,117, 684 220, 518, 583. 00 2, 618,153, 018. 00 393, 964, 660 00
1880.
One dollar
T w o dollars
F i v e 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 dollars
One t h o u s a n d dollars
F i v e t h o u s a n d dollars
Ten t h o u s a n d dollars
9, 057, 863
8, 232, O O
U
19, 680, 000
18, 527, 000
19, 250, 000
2, 595, 000
4, 501, 700
3, 050, OCO
3,427, 000
5, 015, 000
45, 040, 000
131,237,099
133,931, 048
225, 281, 760
255, 065, 240
228,188, 400
92, 855, 200
126, 202, 500
198,438, 000
375, 279, 000
541,745,000
842, 270, 000
6,935,51L80
5, 971, 840. 20
8, 354, 565. 00
6, 265, 301. 00
5, 698, 620. 00
2,125, 395. 00
2, 604, 610. 00
16,410, 500. 00
21,124, 000. 00
10, 945, 000. 00
64, 570, 000. 00
110,904, 767. 00
113, 578, 235. 00
159, 849, 212. 00
178, 001,149. 00
154, 069, 213. 00
66, 717, 255.00
91, 092, 030.00
177, 519, 000.00
353, 747, .500.00
537, 870, 000.00
824, 810, 000. 00
20, 332, 332. 00
20, 352, 813. 00
65,432, 548. 00
77, 064, 091. 00
74,119,187.00
26,137,945,00
35,110,470. 00
20, 919, 000. 00
21,531,500 00
3, 875, 000. 00
17, 460, 000. 00
138, 375, 563 3,150, 493, 247 151, 005, 343. 00 2, 768,158, 361. 00
1, 000, 000. 00
Net
382, 334, 886.00
1 000 000 00
138, 375,563 3,150, 493, 247 151,005, 343. 00 2, 769,158, 361. 00
Total
Unknown destroyed
381, 334, 886. 00
1881.
9, 889. 034
8, 752; 000
14, 760, 000
27, 860, 000
22, 800, 000
3, 510, 000
5, 354, 300
1. 332, 000
1, 200, 000
2, 215, 000
15, 350, 000
O n e dollar
F i v e dollars
Ten dollars
Tw^enty d o l l a r s
Fifty dollars
One'hunclred doUars
F i v e h u n d r e d dollars
One t h o u s a n d doUars
F i v e t h o u s a n d dollars
Ten thousand dollars
141,126,1.33
142, 683, 048
240, 041, 760
282, 925. 240
250, 988; 400
96, 365, 200
131, 556, 800
199,770,000
376, 479, 000
543, 960, 000
857,620,000
7, 575, 604.40
6, 860, 690. 60
10, 623, 470. 00
7, 566, 674. 00
6, 484, 770. 00
2, 463, 435. 00
3,219,110.00
5, 776, 000. 00
0,502,000.00
3, 370, 000. 00
18, 670, UOO. 00
118, 480, 371.40
120, 438, 925. 60
170, 472, 682. 00
185, 567, 823. 00
160.553, 983. 00
69,180, 690. 00
94, 311,140. 00
183.295,000.00
360, 249, 500. 00
541, 240, 000. 00
843,480, 000. 00
22 645 761 60
22, 244,122.40
69, 569, 078. 00
97 357, 417 00
90, 434,417. 00
27,184, 510. 00
37, 245, 660. 00
16,475, 000. 00
16, 229, 500. 00
2, 720, 000. 00
14,140,000. 00
113, 022, 334 3, 263, 515, 581
Net
79, 111, 754. 00 2, 847, 270,115. 00 416, 245, 466. 00
1 000 000 00
1, 000, 000. 00
113, 022, 334 3, 263, 515, 581
Total
U n k n o w n destroyed .
79, 111, 754. 00 2, 848, 270,115. 00 415, 245, 466. 00
1882.
One 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 c l 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
Total
Unknown destroyed .
^'
Net
...
11.445, 524
lO; 472, 000
14, 280, 000
18, 920, 000
14,720,000
3, 600, 000
5, 327, 900
2, 450, 000
2, 620, 000
7, 945, 000
28, 950, 000
152,571,6.57
153,155, 048
254, 321, 760
301, 845, 240
265, 708,400
99, 965, 200
136,884,700
202, 220, 000
379, 099, 000
551, 905,000
886, 570, 000
8, 370, 332. 00
8, 093, 497. 00
16, 506, 538. 00
14, 246, 931. 00
11, 535, 986. 00
3,309,190 00
3, 859, 570. 00
2,106, 000. 00
3, 088, 000. 00
7,115,000 00
26, 570, 000. 00
126, 850, 703. 40
25, 720, 953. 60
128, 532, 422. 60
24, 622, 625. 40
186, 979, 220.00
67, 342, 540. 00
199, 814, 754. 00 102 030 486 00
172,089, 969. 00 93, 618,431. 00
72, 489, 880. 00
27. 475, 320. 00
98,1.70,710.00
38,713,990 00
185,401, 000. 00 16, 819, 000. 00
363, 337, 500. 00
15,761, 500. 00
548, 355, 000. 00
3, 550, 000. 00
870, 050, 000. 00 16, 520, 000.00
120, 730, 424 3, 384, 246, 005 104, 801, 044. 00 2, 952,071,159. 00 432,174, 846. 00
1, 000, 000. 00
1 000 000 00
120, 730, 424 3, 384,246, 005 104,801, 044. 00 2, 953, 071,159.00
431,174, 846.00
96
REPORT ON T H E FINANCES.
W o . 3 5 . — A M O U N T OF U N I T E D STATES N O T E S , TREASURY N O T E S , AND GOLD, S I L VER, AND C U R R E N C Y CERTIFICATES, ETC.—Continued.
I s s u e d during year. Totalissued.
Redeemed
during year.
1883.
One dollar
Two dollars
Five dollars..
Ten dollars
Twenty doUars
Fifty clollars
One'hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand doUiars
$11, 986,114 $164, 557, 771
162, 827, 048
9, 672,000
277,181,760
22, 860, 000
327,965,240
26,120, 000
294, 428, 400
• 28, 720, O O
O
114, 665, 200
14, 700, 000
152,541,300
15, 656, 600
214, 620, 000
12,400,000
400, 499, 000
21, 400, 000
573, 375, 000
21, 470, 000
953,130, 000
66, 560, 000
$9, 970, 610. 80 $136, 821, 314. 20 $27, 736, 456. 80
8, 770, 231. 20
137, 302, 653. 80
25, 524, 394. 20
19, 052, 455. 00
206, 031, 675. 00
71 150 085 00
18, 529. 708. 00
218, 344, 462.00 109,620,778.00
15, 575,198.00
187, 665,167. 00 106, 763, 233. 00
5. 241, 690. 00
77,731, 570. 00
36, 933, 630.00
5, 948,180. 00
48, 422,410. 00
104,118, 890. 00
3, 467, 000. 00
25, 752, 000.00
188, 868, 000. 00
5, 093, OOO 00 368, 430, 500. 00
32, 068, 500. 00
14, 785, 000. 00
10, 235, 000. 00
563,140, 000. 00
45, 430, 000.00
915, 480, OOO 00 37, 650, 000. 00
Total..
Unknown, destroyed
251, 544, 714 3, 635, 790, 719 151,863,073.00 3,103,934, 232.00
1, 000, 000. 00
531, 856 487. 00
1,000,000.00
251,544, 714 3, 635, 790, 719 151,863, 073. 00 3,104, 934, 232. 00
530 856,487.00
Denomination.
Net
Total
redeeraed.
Outstanding.
1884.
One dollar
Two dollars .
Five dollars
Ten dollars
Tw^enty dollars
Fifty doUars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
8, 943, 236 • 173,501,007
170, 635, 048
7, 808, 000
300, 601, 760
23,420, 000
359,125, 240
31,160,000
329, 308, 400
34,880, 000
123, 365, 200
8, 700, 000
163,178, 300
10,637,000
224,270, ono
9, 650, 000
417, 999. 000
17, 500, 000
584, 675, 000
11, 300, 000
995,700, 000
42, 570, 000
Total
Unknown, destroyed
10, 019, 508. 00
8, 434, 508. 00
19, 017,170. 00
23, 763, 050. 00
22, 368, 720. 00
7, 012,100. 00
8, 089, 300.00
5, 329, 000. 00
9, 006, 000. 00
8,140, 000.00
38, 050, 000. 00
146, 840, 822.20
26, 660,184. 80
145, 737,161.80
24 897 886 20
225,048, 845. 00 75, 552, 915. 00
242,107, 512. 00 117, 017,728. 00
210, 033, 887. 00 119, 274, 513. 00
84, 743, 670. 00
38, 621, 530. 00
112, 208,190. 00
50, 970,110. 00
194,197, 000. 00 30, 073, 000. 00
377,436, 500. 00 40, 562, 500. 00
571, 280, 000. 00
13, 395, 000. 00
953, 530, 000. 00
42,170, 000. 00
206, 568, 236 3, 842, 358, 955 159, 229, 350 00 3, 263,163, 588. 00
1, 000, 000. 00
206, 568, 236 3, 842, 358, 955 159, 229, 356. 00 3, 264,163, 588. 00
Net
579,195, 307. 00
1, 000, 000. 00
578,195, 367. 00
.1885.
One dollar
Two dollars
Five dollars. Ten dollars
Twenty dollars
Fifty dollars.
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
10,187,153
183, 688,160
10, 856, 000
181, 491, 048
19, 300, 000
319, 901, 760
23, 680, 000
382, 805, 240
. 22,320,000
351,628,400
9, 700, 000
133, 065, 200
10, 000, 000
173,178, 300
13, 950, 000
238, 220, 000
25, 000, O O 442,999, 000
U
13, 285, 000
597, 960, 000
85, 770, 000 1, 081,470,000
11, 895, 276. 00
10, 458, 817. 00
18, 855,110. 00
24, 411, 215. 00
22,112,700.00
6, 763, 800. 00
8, 591, 300. 00
4, 363, 500. 00
4, 786, 000. 00
8, 415, 000. 00
45,400, 000.00
657,190,802. 00
I, 000,000. 00
244, 048,153 4,086,407,108 106, 052, 718. 00 3, 430, 216, 306. 00
Net
24, 952, 061. 80
25, 295, 069. 20
75, 997,805.00
116, 286,513. 00
119,481, 813. 00
41, 557, 730. 00
52, 378, 810. 00
39, 659, 50O 00
60, 776, 500. 00
18, 265, 000. 00
82, 540, 000. 00
244, 048,153 4, 086,407,108 166, 052, 718.00 3,429, 216, 306. 00
1, 000, 000. 00
Total
Unknown, destroyed
158, 736,098.20
156,195, 978. 80
243, 903, 955. 00
266, 518, 727. 00
232,146, 587. 00
91, 507, 470.00
120, 799, 490. 00
198, 560, 500. 00
382, 222, 500. 00
579, 695, 000. 00
998, 930, 000. 00
656,190, 802. 00
1886.
One dollar
T w o dollars
F i v e dollars
T e n doUars
T w e n t y dollars
Fifty dollars
One'hundred dollars
F i v e h uu 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
F i v e t h o u s a n d dollars
T e n thousand dollars
21, 320, 000
13,760,000
8,560, 000
2,100, 000
4, 800, 000
600,000
17, 500, 000
4,630, 000
43, 020, 000
Total
Unknown, destroyed
183, 688,160
181,491, 048
341, 221, 760
396, 565, 240
360,188, 400
135,165, 200
177, 978, 300
238, 820, 000
460, 499, 000
602, 590, 000
1,124,490, 000
7, 348,139.40
166, 084, 237. 60
17, 603, 922.40
7, 090, 699. 60
163, 286, 678. 40
18, 204, 369. 60
11, 688,586. 00 255, 592, 541. 00
85, 629, 219. 00
13,118, 465. 00 279, 637,192. 00 116, 928, 048. 00
248,175, 503. 00 112,012,897.00
16, 028, 916. 00
94, 771,140. 00 40,394, 060. 00
3, 263, 670. 00
127, 994, 380. 00
7,194, 890. 00
49,983, 920. 00
211,121, 000. 00
12, 560, 500. 00
27,699,000.00
402, 721, 500. 00
20, 499, 000. 00
57, 777, 500. 00
.586, 500, 000. 00 16,090, 000. 00
6, 805, 000. 00
54, 940, 000. 00 1, 053, 870, 000. 00 70, 620, 000. 00
116, 290, 000 4, 202, 697,108 160, 537, 866. 00 3, 589,754,172. 00
1, 000, 000. 00
116, 290, 000 4, 202, 697,108 160, 537,866. 00 3, 590,754,172. 00
Net
612, 942,936.00
1,000, 000.00
611, 942, 936.00
1887.
One dollar
Two dollars..
F i v e doUars
T e n doUars
T w e n t y dollars
Fiftydollars
„.
14,156,000
8, 976, 000
34, 500, 000
33, 080, 000
25, 760, 000
3,000, 000
197, 844,160
190,467, 04.8
375, 721, 760
429, 645, 240
385,948, 400
138,165, 200
8,983,049.80
9, 265, 801. 20
17, 336,127. 00
15,435, 707. 00
12.342,458.00
8,063, 620. 00
175,067,287. 40
172, 552,479. 60
272, 928, 668.00
295, 072,899. 00
260, 517, 961. 00
102, 834,760. 00
22, 776, 872. 60
17,914,568. 40
102,793, 092. 00
134, 572, 341. 00
125,430,439. 00
35,330,440.00
TREASURER.
No.
97
3 5 . — 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 NOTES, AND GOLD,
SIL-
VER, AND CURRENCY CERTIFICATES, ETC.—Continued.
Denomination.
Issued
ing year.
1887.
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 clollars. .
Five thousand dollars.
Ten thousand dollars..
Total
Unliuown, destroyed .
Net
$2, 800
3, 6481
28,400^
R
ed
T o t a l i s s u e d . d u reid e e m e a r .
ng y
Total
redeeraed.
Outstanding.
$180,778, 300 $11,469,690.00 $139, 464,070. 00 $41, 314, 230. 00
238, 820, 000 7, 294, 500. 00
218, 415, 50O 00
20,404, 500.00
464,147, 000 12, 331, 000. 00
415,052,500 00
49, 094, 500. 00
602,590, 000 2, 380, OOO 00
588, 880, 000. 00
13,710,000.00
1,152, 890, 000 38, 030, OUO. 00 1,092, 500, 000.00
60, 390, 000. 00
154, 320, 000 4, 357, 017,108 143, 531,953. 00 3, 733,286,125. 00 623, 730, 983. 00
1,000, 000. 00
1, 000,000. 00 ,
154, 320, 000 4, 357, 017,108 143, 531, 953. 00 3, 734,286,125. 00 622, 730, 983. 00
1888.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y doll a r s
Fifty dollars
O n e h u n d r e d dollars —
Five hundred dollars...
One t h o u s a n d d o l l a r s . .
Five thousand dollars.
Ten thousand dollars..
Total
Unknown, destroyed .
Net.
172, 000 212, 016,160
200, 891, 048
424,000
000, 000 427, 721, 760
520, 000 483, 165,240
040, 000 418, 988, 400
300, 000 145, 465, 200
700, 000 193, 478, 300
200, 000 245, 020, 000
352, 000 479, 4.99, 000
230, 000 622, 820, 000
170, 000 1, 213,060, 000
5, 037, 036.10
180, 104, 323. 50 31,911, 836. 50
4, 764, 394. 40
177, 316, 874. 00 23, 574,174.00
22,128, 359. 50
295, 057, 027.50 132, 664,732. 50
21,362, 430. 00
316, 435, 329. 00 166,729, 911. 00
16, 854, 355.00
277, 372, 316. 00 141, 616,084. 00
6,123, 14.0. 00
108, 957, 900. 00 36, 507,300. 00
6,187, 830. 00
145, 651, 900. 00 47, 826,400. 00
5,745, 000. 00
224, 160, 500. 00 20, 859,500. 00
14, 320, 500. 00
50,126, UOO. 00
429, 373,000.00
9, 405, 000. 00
598, 285, 000. 00 24, 535,000. 00
62, 850, OOO 00 1,155, 350, 000. 00 57, 710,000. 00
285,108,000 4, 642,125,108 174, 778,045. 00 3, 908,064,170. 00 734,060,938.00
1, 000, OOO 00
1,000,000.00
285,108,000 4, 642,125,108 174, 778, 045. 00 3,909, 064,170. 00 733, 060, 938.00
1889.
OnedoUar
T w o dollars
FiA^e doUars
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 doUars
Five hundred dollars...
One thousand dollars...
Five thousand dollars.
Ten thousand doUars..
Total
Unknown, destroyed.
•Net
772, 000 220,788,160
800,000
206, 691, 048
540, 000 466, 261,760
200, 000 517, 365, 240
040, 000 438, 028, 400
000, OOO 151, 465, 200
600, 000 201, 078, 300
750, 000 254, 770, 000
500, 000 490, 999,000
155,000
652,975,000
770, 000 1, 286, 830, 000
9, 061,
336. 80
5,785, 215. 20
27, 290,032. 00
26, 909,035. 00
21,154, 120. 00
725. 00
6, 362,
6, 644,660: 00
4, 688,000. 00
11,498, 500. 00
17,110,000. 00
61,130,000.00 1,
189, 165, 660. 30
183, 102, 089. 20
322, 347, 059. 50
343, 344, 364. 00
298, 526, 436. 00
115, 320,625. 00
152, 296, 560. 00
228, 848, 500.00
440, 871,500 00
615, 395, 000. 00
216, 480, 000.00
31, 622,499.70
23, 588,958.80
143, 914,700. 50
174, 020,876.00
139,501, 964.00
36,144, 575. 00
48, 781,740. 00
25,921, 500. 00
50,127, 500.00
37, 580,000.00
70, 350,000. 00
245,127, 000 4, 887, 252,108 197, 633, 624. 004,105, 697,794.00 781, 554, 314. 00
1, 000, 000. 00 1,000,000.00
245,127,000 4,887,252,108 197, 633, 624.00 4,106, 697,794.00 780, 554, 314.00
1890.
O n e dollar
T w o dollars
F i v e dollars
T e n doUars
T w e n t y dollars
F i f t y d.ollars
Oneliundred dollars...
Five hundred dollars..
One t h o u s a n d d o l l a r s . .
F i v e thousand dollars.
T e n thousand dollars...
Total
Unknown, destroyed.
Net.
916, 000 235, 704,160
496, 000 216, 187, 048
120, 000 514, 381, 760
720, 000 576, 085, 240
240, 000 472, 268,400
156, 265,200
800,000
000, 000 209, 078, 300
400, 000 258, 170, 000
000, 000 494 999, 000
350, 000 664, 325, 000
100, 000 1, 334,930, 000
12, 111,664. 40 201, 277, 324. 70 34,426, 835. 30
7, 654,319. 60 190, 756, 408. 80 25, 430,639. 20
32,177, 160. 00 354, 524, 219. 50 159, 857,540. 50
374, 203,424. 00 201,881, 816. 00
30, 859,060.00
322, 547, 720. 00 149,720, 680. 00
24,021, 284.00
7,184, 110. 00 122, 504, 735. 00 33, 760,465. 00
48, 926,770. 00
7,854, 970. 00 160, 151,530.00
6, 398,000. 00 235, 246, 500. 00 22,923, 500. 00
455, 228, 500. 00 39,770, 500. 00
14, 357,OOO 00
14, 055,OOO. 00 629, 450, 000. 00 34,875, 000. 00
50, 870,000. 00 1, 267,350, 000. 00 67, 580,000.00
245,142, 000 5,132, 394,108 207,542,568. 00 4, 313,240, 362. 00 819,153,746. 00
1, 000, 000. 00
1, 000, 000. 00
245,142, 000 5,132, 394,108 207, 542, 568. 00 4,314,240,362.00
818,153, 746.00
1891.
OnedoUar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y doUai-s
F i f t y clollars
One'liundred d o l l a r s . .
F i v e hundred dollars.
Onethousand dollars.
FI 1900
13, 452, 417
8, 576, 000
56, 260, 000
55,880, 000
43,120, 000
6, 200, 000
14, 400, 000
5, 500, 000
17, 300, 000
249,156,577
224, 763, 04.8
570, 641,760
631, 965, 240
515, 388, 400
162, 065, 200
223, 478, 300
264, 070, 000
512, 299, 000
11,907, 394. 00
8, 316, 160. 00
38, 424, 642. 00
38, 544, 20O 00
28, 082, 620.00
6, 398, 300. 00
8, 675, 300. 00
5, 617, 500. 00
10, 910, 000. 00
213,184, 718.70
35, 971,858. 30
199, 072,568. 80 25, 690,479. 20
392, 948,861. 50 177, 692,898.50
412,747, 624. 00 21.9,217, 616. 00
350, 630,340. 00 104, 758,060. 00
128,903, 035.00
33,162, 165. 00
168, 826,830. 00 54, 651,470. 00
240, 864,000. 00 23, 206,000. 00
466,138, 500.00
46,160, 500. 00
98
REPORT ON T H E FINANOES.
No. 35.
-AMOUNT OF U N I T E D STATES N O T E S , T R E A S U R Y NOTES, AND GOLD. S I L -
VER, AND CURRENCY CERTIFICATES, ETC.—Continued.
I s s u e d dur- T o t a l i s s u e d .
ing year.
Denomination.
1891.
F i v e t h o u s a n d dollars
T e n thousancl d o l l a r s
Redeemed
during year.
Total
redeemed.
Outstanding.
$6,680, 000 $671, 005, 000 $14, 540, 000. 00 $643, 990, 000. 00 $27,015, 000. 00
83,140, 000 1, 418, 070,000 69, 380, 000. 00 1, 336,730, 000. 00 81, 340, 000. 00
310, 508,417 5, 442, 902, 525 240, 796,116. 00 4, 554, 036, 478. 00
I, 000, 000. 00
!
Net
888, 866, 047. 00
1, 000, 000. 00
310, 508,417 5,442, 902,525 240, 796,116. 00 4, 555, 036,478. 00
Total
887, 866, 047.00
1892.
One d o l l a r
........
T w o doUars
...
F i v e clollars
T e n dollars
T wenty dollars.
Fifty dollars
One h u n d r e d dollars
F i v e 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
T e n t h o u s a n d doUars
229,849,195. 70
37, 635, 805. 30
267, 485, 001 16, 664, 477. 00
18,328,424
210, 427, 722. 80
28, 887, 325. 20
14, 552, 000
239, 315, 048 11,355,154.00
57, 760, 000
028,401, 760 48,180, 380. 00 441,129, 241.50 187, 272,518. 50
59, 800, 000
691, 765, 240 45,102, 530. 00 457,850,154.00 233, 915, 086. 00
379,102, 900. 00- 180, 365, 500. 00
44, 080, U O 559, 468, 400 28,472, 560.00
O
.135, 372, 285. 00 35, 692, 915.00
9, 000, 000
171, 005, 200
6,469,250.00
9,150, 800. 00 177, 977, 630. 00
62, 770, 670. 00
17, 270, 000
240, 748, 300
6,166, 000. 00 247, 030, 000.00
23, 560, 000. 00
6, 520, 000
270, 590, 000
50, 981, 500. 00
530,199,000 . 13, 079, 000. 00 479, 217, 500. 00
17,900,000
658, 615, 000. 00
31,115,000.00
689, 730, 000 14, 625, 000. 00
18, 725, 000
113,040,000 1,531,710,000 99,150, 000. 00 1, 435, 880, 000. 00 95, 830, 000. 00
Total
Unknown, destroyed
377, 575, 424 5, 820, 477, 949 298, 415,151. 00 4, 852,451, 029. 00 968, 026, 320. 00
1, 000, 000. 00
1, 000, 000. 00
377, 575, 424 5, 820, 477, 949 298, 415,151. 00 4, 853,451,629. 00
Net
967, 026, 320. 00
1893.
249, 609,117. 70 39, 549, 989. 30
21, 674,106
289,159,107 19, 759, 922. 00
224,192, 250. 80 31, 234, 797. 20
16,112, 000 255, 427, 048 13,764,528.00
502, 001, 631. 50 193,140,128. 50
695,141, 760 60, 872, 390. 00
66, 740, 000
518,489, 254.00 242,235,986.00
760,725, 240 60, 639,100. 00
68, 960, 000
422, 932, 200.00 187,416, 200. 00
610, 348, 400 43, 829, 300. 00
50, 880, 000
145, 316, 835. 00
179, 865, 200
34,548,365.00
9, 944, 550. 00
8, 800, 000
197,719, 830. 00 57, 248, 470. 00
254, 968, 300 19, 742, 200. 00
14, 220, 000
254, 033, .500. 00
276, 920, 000
22, 886, 500. 00
7, 003, 500. 00
6, 330, 000
564, 879, 000 28,152, 000. 00 507, 369, 500. 00
57, 509, 500. 00
34, 680, 000
694, 395, 000 17,550, 000. 00 676,165, 000. 00 18, 230, 000. 00
4, 665, 000
50,970,000 1, 582, 680, 000 99,720,000. 00 1, 535, 600, 000. 00 47, 080, 000. 00
One dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fiftydollars
O n e h u n d r e d doUars
F i v e h u n d r e d dollars
One thousand dollars
F i v e t h o u s a n d dollars
Ten thousand dollars
344, 031,106 6,164, 509, 055 380, 977, 490. 00 5, 233, 429,119. 00 931, 079, 936. 00
1, 000, 000. 00
1, 000, 000. 00
Total
Unknown, destroyed
344,031,106 6,164, 509, 055 380', 977,490. 00 5, 234, 429,119. 00 930, 079,936. 00
Net
1894.
O n e dollar
T w o dollars
Five dollars.
...
T e n 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
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
F i v e t h o u s a n d dollars
Ten thousand dollars
309, 072, 297
267, 923, 048
748, 021, 760
821, 885, 240
662, 428, 400
185, 32.5, 200
275,128, 300
276, 920, 000
613, 799, 000
48, 920, 000
694, 685, 000
290, 000
78, 400, 000 1, 661, 080, 000
19,913,190
12,496,000
52, 880, 000
61,160, 000
52, 080, 000
5,460, 000
•20,160, 000
Total
Unknown, destroyed.
21, 300, 049. 00
270, 909,166. 70 38,163,130. 30
15, 547, 696. 00
239,739, 946. 80 28,183,101.20
71, 764, 275. 00
573, 765,906.50 174, 255, 853. 50
73,449,100. 00
591, 938. 354. 00 229,946,886.00
47, 945, 620.00
470, 877, 820. 00 191, 550, 580. 00
152, 868, 385.00
7, 551, 550 00
32 456.815. 00
209, 611, 830. 00
11, 892, 000. 00
65,516, 470.00
259, 851, 500. 00
5, 818, 000. 00
17, 068, 500. 00
522, 888, 500. 00
15, 519, 000. 00
90, 910, 500.00
682, 090, 000. 00
5, 925, 000. 00
12, 595, 000. 00
42, 290, 000.00 1, 577, 890, 000. 00 83,190, 000. 00
Net
351, 759,190 6, 516, 268, 245 319, 002, 290. 00 5, 552, 431, 409. 00
I, 000, 000. 00
963, 836, 836.00
1, 000, 000 00
351,759,190 6, 516, 268, 245 319, 002, 290. 00 5, 553,431,409. 00
...
962, 836, 836. 00
1895.
0 i i 6 dollar
•««• •
T w o dollars
F i v e dollars
T e n 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 dollars
One t h o u s a u d d o l l a r s
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^.
Total
Unknown, destroyed
JTet......,......,.
25; 872, 983
15, 248, 000
74, 920, 000
55, 520, 000
35, 760, 000
2, 855, 000
3,110, 000
334, 945, 280
283,171, 048
822, 941, 760
877,405, 240
698,188, 400
188,180, 200
278, 238, 300
276, 920, 000
634,639,000
20, 840, 000
694, 755, 000
. 70,000
67,610, 000 1, 728, 690, 000
.
22, 558, 462. 00
293, 467, 628. 70
15, 472,123. 00 255, 212, 069. 80
66,170, 215. 00 639, 936,121. 50
66, 413, 790. 00
658, 352,144.00
48, 307, 300. 00
519,185,120. 00
7, 558, 650. 00
160,427, 035. 00
12, 551, 400. 00
222,163, 230. 00
263, 055, 500. 00
3, 204, 000. 00
533, 206, 500. 00
10, 318, 000. 00
687, 020, 000. 00
4, 930, 000. 00
81, 230, 000. 00 1, 659,120, 000. 00
41,477, 651. 30
27, 958, 978. 20
183,005,638 50
219, 053, 096. 00
179,003 280 00
27, 753,165. 00
56, 075, 070.00
13,864 500 00
101,432, 500. 00
• 7, 735, 000. 00
69,570, 000. CO
301, 805, 983 6, 818, 074, 228 338,713, 940.00 5, 891,145, 349. 00 926, 928, 879. 00
1,000, 000. 00
1, 000, UOO. 00
301,805,983 6, 818, 074, 228 338,713, 940. 00 5, 892,145, 349.. 00
925, 928, 879. 00
99
TREASURER.
No.
3 5 . — 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 , AND C O L D , S I L -
VER, AND C U R R E N C Y CERTIFICATES, ETC.—Continued.
Denomination.
1896.
O n e 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 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 thousand dollars
T e n t h o u s a n d dollars
Total
U n k n o w n , destroyed . .
Net
1897.
O n e doUar
T w o dollara.
F i v e dollars.
Ten dollars
T w e n t y dollars
F i f t y dollars
O n e l i 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
Total
Unknown, destroyed
Net
1898.
O n e dollar
Two dollars.
F i v e clollars
Ten dollars
T w e n t y dollars
F i f t y doUars
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 d o l l a r s
F i v e t h o u s a n d dollars
T e n thousand dollars
Total
Unknown, destroyed
Not....
1899.
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
One'hunclred dollars
F i v e h u n d r e d doUars
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
Total
Unknown, destroyed
Net.
1900.
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 .
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 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
Total
Unknown, destroyed
Net
I s s u e d dur- T o t a l i s s u e d .
ing year.
$27, 434, 880
16, 536, 000
83,140, 000
80, 280, 000
26, 720, 000
9, 360,000
18, 480, 000
6,140, 000
1, 855, 000
75, 810, 000
345,755, 880
345,755, 880
Redeemed
during year.
Total
redeemed.
$362, 380,160 $24,728,665.00 $318,196, 293. 70
299, 707, 048 15,582, 650. 00 270, 794, 719. 80
906, 081, 760 71, 643, 585.00
711, 579, 706. 50
957, 685, 240 68, 865, 490 00
727, 217, 634. 00
724, 908, 400 46, 602, 580. 00
565, 787, 700. 00
197,540,200
8,144, 500. 00 168, 571, 535. 00
296, 718, 300 16, 576, 800. 00
238, 740, 030. 00
276, 920, 000 14,750, 500. 00
266,167,000. 00
640,779, 000
552, 898, 50O 00
8, 053, 000. 00
696, 610, 000
690, 375, 000. 00
3, 355, 000. 00
1, 804, 500,000 99, 370, 000. 00 1, 758,490, 000. 00
377, 672, 770.00 6, 268, 818,119. 00
7,163, 830,108
1, 000, ooo: 00
7,163, 830,108 377, 672, 770. 00 6, 269, 818,119.00
Outstanding.
$44,183,86B. 30
28, 912, 328. 20
194,502, 053. 50
230,467, 606. 00
159,120, 700. 00
28, 968, 665. 00
57, 978, 270. 00
10,753, OUO. 00
87, 880, 500. 00
6, 235, 000. 00
46, 010. 000. 00
895, Oil, 989. 00
1, 000, 000. 00
894, Oil, 989. 00
391, 660,160 27,540, 974.00
345, 737, 267.70
29, 280,-000
317, 075, 048 16, 378, 326. 00
287.173, 045. 80
17, 368, 000
978, 521, 760 72,555, 727.00
784,135,433.50
72,440, 000
794, 611, 353. 00
64, 680, 000 1, 022, 365, 240 67, 393, 719. 00
760,118,400 39, 671,124. 00
605,458, 824. 00
35, 210, 000
208, 340, 200
6, 721, 450. 00
175, 292, 985. 00
10, 800, 000
312,168, 300 13,154, 700.00
251, 894, 730.00
15,450, 000
288, 020,000
2, 068, 000. 00
268, 235, 000. 00
11,100,000
653,199, 000
7, 276, 000. 00
12,420, 000
560.174, 500. 00
698, 000, 000
850, 000. 00
1,390, 000
691, 225,000. 00
104, 710, 000 1,909,210, 000 77,100, OOO 00 1, 835, 590, 000. 00
374, 848, 000 7, 538, 678,108 330,710, 020. 00 6,599,528,139.00
1, 000, 000. 00
374,848, 000 7, 538, 678,108 330, 710, 020. 00 6, 600, 528,139.00 •
45, 922, 892. 30
29,902,002 20
194,386, 326. 50
227, 753, 887.00
154, 659, 576. 00
33,047, 215. 00
60, 273, 570.00
19, 785, 000. 00
93, 024, 500. 00
6, 775, 000. 00
73, 620,000. 00
939,149, 969. 00
1, OUO, 000. 00
933,149, 969.00
31, 936, 000
18, 448, 000
76, 700, 000
66,560, 000
41, 440, 000
13,100, 000
4, 250, 000
800,000
6, 288, 000
55, 000
53,100, 000
312, 677, 000
423, 596,160 28, 567, 670. 00
374, 304, 937. 70
303,840, 275.80
335, 523, 048 16, 607, 230. 00
850, 969, 268. 50
1, 055, 221, 760 66, 833, 835. 00
1, 088, 925, 240 58,401, 800. 00 853, 013,153. 00
637, 863, 334. 00
801, 558,400 32,404,510.00
180, 856, 360. 00
221,440,200
5, 563, 375. 00
275,864, 830.00
316, 418, 300 23, 970,100. 00
269, 881, 500. 00
1, 646, 50O 00
288,820, 000
577, 081, 500.00
659, 487, 000 16, 907, 000. 00
691, 980, 000. 00
755, 000. 00
698,055,000
1, 962, 310, 000 88, 640, 000. 00 1, 924, 230, 000. 00
7, 851, 355,108 340, 357, 020. 00 6, 939, 885,159.00
1,000,000.00
312, 677, 000 7, 851,355,108 340,357, 020. 00 6, 940,885,159. 00
49, 291, 222. 30
31, 682, 772. 20
204, 252,491. 50
235, 912, 087. 00
163, 695, 066.00
40, 583,840. 00
40, 553, 470.00
18,938,500.00
82,405, 500. 00
6, 075, 000.00
38, 080, 000. 00
911, 469, 949. 00
1, 000, 000. 00
910,469, 949. 00
31, 644, 636. 00
405, 949, 573. 70
18,104, 627. 00 321, 944, 902.80
72, 595, 547. 00
923, 564, 815. 50'
62, 325,155. 00
915, 338, 308. 00
35, 314, 840.00
673,178, 174. 00
9, 328, 925. 00
190,185,285.00
8, 868, IOO 00
284, 732, 930. 00
5, 344, 500. 00
275, 226, 000. 00
27, 837, 000. 00
604, 918. 500. 00
845, 000. 00
692,825, 000. 00
37, 600, 000. 00 1, 961, 830, 000.00
309, 808, 330. 00 7,249,693.489.00
1,000, 000. 00
301, 276, 000 8,152, 631,108 309,808, 330. 00 7, 250, 693,489.00
55, 514, 586. 30
33, 946,145. 20
213, 356, 944. 50
246, 306. 932. 00
173,260,220 00
39 254, 915 00
34,485, 370. 00
15,694,000.00
54, 608, 500. 00
. 5, 230, 000. 00
31, 280, 000. 00
902,937, 619. 00
1,000, 000. 00
901,93.7,619.00
37, 868, 000
461, 464,160
355, 891, 048
20,368, 000
81, 700, 000 1,136, 921, 760
72, 720, 000 1,161, 645, 240
846, 438, 400
44, 880, 000
229, 440, 200
8, 000, 000
2, 800, 000
319, 218, 300
2,100, 000
290 920, 000
40, 000
659, 527, 000
698, 055, 000
30, 800, 000 I, 993,110, 000
301, 276, 000 8,152, 631,108
38,416, 000
22, 584, 000
80,060,000
78,960, 000
. 73,030,000
24, 900, 000
29, 760, 000
8, 350, 000
. 40, 040, 000
23, 915, 000
75, 530, 000
495, 545, 000
499, 880,160 34,118, 332.00
440,067, 905. 70
378,475, 048 18, 821, 002. 00
340, 765, 904.80
I, 216, 981, 760 75, 202, 510. 00
998, 767, 325. 50
980, 291, 988. 00
1, 240, 605, 240 64,953, 680.00
713,585,924.00
919,468, 400 40,407, 750.00
204,475, 585. 00
254, 340, 200 14, 290, 300. 00
299, 776, 530.00
348, 978, 300 15, 043, 600. 00
299, 270, 000
3,170, 250. 00 278, 396, 250.00
699, 567, 000 18,415, OOO 00 623, 333, 500. 00
696, 460, 000. 00
721, 970, 000
3, 635, 000. 00
2, 068, 640, 000 39, 200, 000. 00 2, 001, 030. 000. 00
8, 648,176,108 327, 257, 424. 00 7, 576, 950,913. 00
1, 000, 000. 00
495, 545, 000 8,648,170,108 327, 257, 424. 00 7, 577, 950, 913. 00
59 812 254 30
37, 709,143. 20
218, 214, 434.50
260, 313, 252. 00
205, 882,476. 00
49, 864, 615. 00
49, 201,770. 00
20, 873,750. 00
76, 233, 500. 00
25, 510, 000. 00
67, 610, 000. 00
1,071,225,195.00
1, 000, 000. 00
1,070,225,195.00
100
REPORT ON T H E FINANOES.
N o . 3 6 . - - AMOUNT
OF P A P E R C U R R E N C Y OF E A C H DENOMINATION
AT THE C L O S E O F E A C H F I S C A L Y E A R P R O M 1878.
Denomination.
1878.
One' dollar
---Two dollars
Five dollars
Ten dollars
Twenty dollars . . ,
Fifty dollars
One hunclred dollars
Five hundred dollars
One thousand dollars- -.
Five thousand dollars . .
Ten thousand dollars . . .
OUTSTANDING
" - ' ^ n t t e f " I Certificates. | ^ ' ^ ' t t t ' " ' " ' ' I
$20, 929, 874
20,910, 948
54,669, 557
65, 551, 644
62,720, 643
27,182, 680
31, 624, 670
30, 878, 500
33,212,500
^'>'-'-
347, 681, 016
1, 000, 000
Net.
$24, 989, 710
.23,731,080
148, 578, 082
169, 772,134
131,365,103
48, 900,830
61,442,970
35, 265, 500
40, 978,500
• 10, 815, 000
69. 230, 000
92, 462,410
324, 925, 483
765, 068, 909
1, 000, 000
92,462, 410
Total
Unknown, destroyed.
$4, 059,836
2, 820,132
93,908, 525
104, 097, 270
68, 632, 220
21, 704, 900
28, 300, 600
1, 097,000
305, 000
324, 925,483
764,068,909
4, 016, 879
2, 800, 006
95, 977, 475
106,420, 340
70, 571.580
21.134, 350
27, 044, 900
684, 500
316,000
22,226, 860
20, 892, 659
150,084,588171, 222, 732
131,139,387
46, 802, 690
60, 258, 280
34, 964, 000 •
39,544,500
9. 805, 000
36,990,000
328, 966, 030
723, 930, 696
1,000,000
$123, 220
12, 240
13,250
1, 517, 700
3,290,000
7, 461, 000
10, 815, 000
09, 230, 000
1879.
One dollar
Two dollars
Five dollars
Ten doUars
Twenty dollars
Fifty clollars
One hundred dollars
Five hundred dollars . . .
One thousand dollars . . .
Five thousand dollars...
Ten thousand dollars . . .
Total....
Unknown, destroyed.
Net--
18, 209, 981
18,092, 653
54,107,113
64, 638, 562
60,470, 887
25, 523, 340
32, 038,480
32, 569, 500
35, 070, 500
4,000, 000
2, 960, 000
163,830
96, 920
145, 000
1,174, 900
1, 710,000
4,158, 000
5, 805, 000
34, 030, 000
347, 681, 016
1,000,000
47, 283, 650
346, 681, 016
47,283, 650
1,030
722,930, 696
1880.
One dollar
Two dollars
Five dollai s
Teu dollars
TAventy dollars
Fifty dollars
Onehundred dollars
Five hundred dollars ..
One thousand dollars . .
Five thousand dollars..
Ten thousand dollars ..,
Total
Unknown, destroyed.
Net
20, 332, 332
20, 352, 813
65,432, 548
74, 916, 751
72,143, 207
24, 808, 995
32, 797, 870
19, 224. 000
16, 532, 500
680, 000
460,000
2,147, 340
1, 975,980
1, 328, 950
2, 312, 600
1, 695, 000
4, 999, 000
3,195, 000
17, 000, 000
2, 687, 022
1,885,960
100, 578, 275
113, 581, 040
74, 988, 440
21, 679, 300
27, 521, 500
702, 000
270,000
23, 019, 354
22, 238,773
166, 010, 823
190, 645,131
149,107, 627
47, 817, 245
62, 631, 970
21, 621, 000
21, 801, 500
3,875, 000
• 17,460, 000
347,681, 016
1, 000, 000
34,653, 870
343,893, 537
726, 228, 423
1, 000, 000
346, 681, 016
34, 653, 870
343,893, 537
725,228, 423
1, 564, 390
I, 093, 334
99,962, 365
119, 214, 320
79, 255, 640
23,051,750
29, 518,100
723, 500
235,000
24, 210,152
23, 337, 456
169,531,443
216, 571, 737
169, 690, 057
50, 236, 260
66, 763, 760
17,198, 500
. 16,464,500
2,720,000
14,140, 000
1881.
One dollar
Two dollars
Fivedollars
Ten dollars
Twenty dollars
Fifty dollars.
One nundred dollars .. Five hundred doUars ..
One thousand doUars . Five thousand dollars-.
Ten thousand dollars ..
Total
Unknown, destroyed.
Net
22, 645, 762
22, 244,122
69, 569, 078
76,990, 387
72, 271, 597
23,702, 910
32, 947, 660
14. 570, 000
12,024,500
455,000
260,000
20, 367, 030
18,162, 820
3,481, 600
4, 298, 000
1,905,000
4, 205, 000
2, 265, 000
13,880,000
770, 863, 8G5
1, 000, 000
347,681, 016
1, 000, 000
68, 564, 450
346, 681, 016
8, 564,450
354,618, 399
769, 863, 865
29, 245,720
24,960, 960
3, 283, 550
4, 244, 600
1,943,000
912, 546
608,080
97,490,980
121,436, 400
82,186, 560
23,395, 400
30,453, 300
880, 000
26, 633, 500
25, 230,705
164.833, 520
223,466, 886
175,804, 991
50, 870, 720
69,167, 290
17, 699, 000
1882.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars
Five hundred dollars...
25, 720, 954
24, 622, 625
67, 342, 540
72,784, 766
68, 657,471
24,191, 770
34, 469,390
14, 876, 000
101
TREASURER.
No.
3 6 . — A M O U N T O F P A P E R C U R R E N C Y O F EACH DENOMINATION OUTSTANDING
AT THE C L O S E O F EACH F I S C A L Y E A R FROM 1878—Continued.
Legal-tender
notes.
Denomination.
Certificates.
National-hank
notes.
Total.
1882.
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 l i o u s a n d dollars
$12,335,500
420, 000
2, 260, 000
$3, 426, 000
3,130. 000
14, 260, 000
$192,000
$15, 953,500
3, 550, 000
16, 520, 000
Total
Unknown, destroyed
347, 681, 016
1, 000, 000
84,493,830
357,555,260
789, 730,112
1, 000, 000
346, 681, 016
84, 493, 830
357,555,266
788, 730,112
628,203
393, 080
93, 593, 555
120,013,440
83, 700, 980
23,831, 250
32, 726, 900
965,000
217, 000
28, 364, 660
25,917,474
164, 743, 640
229, 634, 218
190, 464, 213
60, 764,880
81,149, 310
26,717,000
32, 285, 500
10,235 000
37,650,000
Net
1883.
T w o dollars
F i v e clollars
T e n 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
F i v e h u n d r e d doUars
One t h o u s a n d doUars
F i v e t h o u s a u d dollars
T e n t h o u s a n d dollars
27, 736,457
25, 524, 394
71,150,085
72, 732, 886
62,446,909
23, 885, 895
34, 302, 390
15, 098, 500
14, 328, 500
315,000
160, 000
Total
Unknown, destroyed
347, 681, 016
1,000,000
184,175, 471 •
356, 069, 408
887, 925, 895
1, 000, 000
346, 681, 016
184, 175,471
356,069,408
886, 925,895
511, 564
298,642
87, 249, 585
113, .311, 490
80, 515, 720
22,752,100
32, 983, 700
845, 500
• 221,000
27,171, 749
25,196, 528
162,802 500
230,329,218
199,790, 233
61,373,630
83, 953, 810
30. 918, 500
40. 783, 500
13.395 000
42,170,000
Net
36, 887, 892
44, 316, 324
13,047,735
14,120, 020
10, 653,500
17, 740, 000
9, 920, 000
37,490,000
1884.
One dollar
T w o clollars
Fivedollars
T e n clollars
T w e n t y dollars
F i fty doUars
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 d o l l a r s
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
26,660,185
24, 897,886
75, 552, 915
69,527,016
58, 054, 629
23, 208, 895
33, 640, 990
16, 914, 000
19,034, 500
130,000
60, 000
. .
Total
Unknown, destroyed.
47,490, 712
61, 219, 884
15,412, 635
17, 329,120
13,159,000
21, 528, 000
13, 265, 000
42,110, 000
347, 681,016
1, 000, 000
338, 689, 301
917, 884, 668
1, 000, 000
346,681,016
Net
231, 514, 351
231, 514, 351
338, 689, 301
916, 884, 668
455, 357
250, 976
81,172, 315
104,951, 890
75, 721, 280
21,261.200
32,155, 600
712,000
172,000
25, 407, 419
25, 546, 045
157,170,120
221, 238, 403
195, 203. 093
02, 818, 930
84 534 410
40, 371, 500
60, 948, 500
18, 265, O O
U
82, 54U, 000
1885.'
24, 952, 062
25, 295, 069
75,997, 805
64, 539, 386
55,126, 509
23, 459, 895
32, 896, 790
16,557,000
28, 716, 500
100, 000
40,000
O n e dollar
T w o dollars
,
F i v e dollars
T e n clollars
T w e n t y clollars
Fifty dollars
One h u n d r e d dollars
F i v e hundred dollars
One t h o u s a n d d o l l a r s .
F i v e thousand dollars.
T e n t h o u s a n d dollars
51,747,127
64, 355, 304
18, 097, 835
19, 482, 020
23,102, 500
32, 060, 000
18,105,000
82, 500, 000
347, 681, 016
1,000,000
Net
309, 509, 786
316,852,618
974,043, 420
1, 000, 000
346, 681, 016
Total
Unknown, destroyed
309, 509, 786
316, 852, 618
973,043,420
418, 482
220, 790
83, 28:\]80
101,490,180
72, 960, 420
19, 266,100
30, 293, 600
445, 500
104, 000
18, 022, 404
18.425.166
168! 912. .899
218,418, 228
184,979, 317
59 660 160
80, 277, 520
28,144, 500
57, 881, 500
16. 090, 000
70, 620, 000
1886.
One doUar
T w o doUars
Fivedollars
T e n clollars
T w e n t y clollars
F i f t y dollars
One 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 clollars
F i v e t h o u s a n d doUars
T e n t h o u s a n d dollars
Total
Unknown, destroyed
Net
-
17,603, 922
18, 204, 370
85, 629, 219
66, 658, 661
55, 078, 379
23,291,265
31, 359, 700
12,424, 000
37, 361, 500
60,000
10, 000
50, 269, 387
56, 934, 518
17,102,795
18, 624, 220
15, 275, U O
O
2U, 410. 000
16, 030, 000
70, 610,OUO
347, 681, 016
1,000,000
265, 261, 920
308,488, 258
921,431.1.94
1, 000, 000
340, 081. oio
265, 201, 920
308, 488, 258
920, 431,194
102
No
REPORT ON T H E F I N A N C E S .
3 6 . — A M O U N T OF P A P E R C U R R E N C Y O F EACH DENOMINATION OUTSTANDING
AT THE CLOSE O F EACH F I S C A L YEAR FROM 1878—Continued.
Denomination.
1887.
One dollar..
Two dollars
Five dollars
Ten clollars
Twenty dollars
FiftydoUars
One hundred doUars..
Five hundred dollars .
One thousand dollars .
Five thousand doUars.
Ten thousand dollars.
Total
Unknown, destroyed.
Legal-tender
notes.
Certificates.
^^^^^
$8,797, 377
9, 008, 572
95,064, 850
80, 371,471
63, 929, 361
21, 908, 985
29, 643,400
7,704,5.00
31,197, 500
45, 000
10, 000
$13, 979,496
8,905, 996
7,728,242
54,200, 870
61, 501, 078
13,421,455
11, 670,830
12, 700, 000
17,897,000
13,665,000
60,380,000
$397,856
205, 062
78,116, 275
91, 616, 850
65,781,220
16, 378,450
25, 990, 800
328, 000
79, 000
$23,174,729
18,119, 630
180, 909, 367
226,189,191
191, 211, 659
51,708, 890
67, 305,030
20,732, 500
49,173,500
13,710.000
60, 390, 000
347,681,016
1, 000, 000
276,049,967
278, 893, 513
902, 624, 496
1, 000, 000
278, 893, 513
901,624,496
391,042
199, 784
72,426, 835
81, 453, 460
59, 272,120
14, 501,500
23, 613, 900
259, 000
62, 000
32,302, 879
23, 773, 958
205, 091, 567
248,183, 371
200, 888,204
51,008,800
71,440,300
21,118, 500
50,188, 000
24,535, 000
57, 710, 000
346, 681,016
Net.
National-hank
notes.
'
1888.
5,180,233
4, 976, 936
81, 054, 872
86, 264, 401
84,813,924
21, 870, 550
31,104,100
8, 068,000
24, 303, 000
35, 000
10, 000
26, 731, 604
18, 597, 238
51,609,860
80, 465, 510
56, 802,160
14, 636, 750
16, 722, 300
12, 791, 500
25, 823, 000
24, 500,.000
57, 700, 000
347, 681, 016
1, 000, 000
386, 379,922
346, 681, 016
386, 379, 922
3,714,528
3, 351, 294
58, 334, 960
86,584, 253
93, 413, 246
24,242,415
34, 808, 820
14,499,500
28, 687, 000
35, 000
10,000
27,907,972
20, 237, 665
85,579,740
87,436, 623
46, 088,718
11, 902,160
13, 972, 920
11, 422, 000
21, 440, 500
37, 555, 000
70, 340, 000
347, 681, 016
1, 000, 000
433,883, 298
211,172,726
992, 737, 040
1, 000, 000
346, 681, 016
433, 883, 298
211,172, 726
991, 737,040
One dollar..
Two doUars
Five dollars
Ten dollars
Twenty dollars
FiftydoUars
One hundred dollars..
Five hundred dollars.
One thousand dollarsFive thousancl dollars.
Ten thousand dollars..
3, 292, 353
2, 872, 879
57, 730, 384
90,410,800
111, 486. 350
21, 462, 400
32, 524, 350
11, 328, 500
16, 538, 000
25, 000
10, 000
31,134, 482
22, 557, 760
1.02,127,157
111, 471, 016
38, 234, 330
12, 298, 065
16,402,420
II, 595, 000
23, 232, 500
34,850,000
67, 580, 000
371, 488
185,310
52,014, 270
59, 544, 070
45, 516, 840
10,276,900
17,571, 600
192, 500
50, 000
Total
Unknown, destroyed.
347, 681, 016
1, 000, 000
471,482, 730
185, 722, 97! I, 004, 886, 724
1,000,000
346, 681,016
471,482, 730
185, 722,978 1, 003, 886, 724
6, 906, 650
6, 456, 974
67,623,174
108, 633, 085
122,135, 050
18, 843, 550
35, 432,950
9, 378,000
29, 065, 208
19,233, 505
110,069,725
110, 584, 531
42, 623, 010
14, 318, 615
19,218,520
13,828,000
367,071
181. 750
47, 567, 685
53,113, 900
40, 914, 000
. 9,167,800
16, 020, 200
176, 500
One dollar
Two dollars
Five dollars
Ten dollars
Twenty doUars
Fifty dollars
:
One hunclred dollars ....
Five hundred dollars...
One thousaud dollars...
Five thousand dollars...
Ten thousand dollars . . .
Total...
Unknown, destroyedNet.
986, 240, 579
1,000,000
985, 240, 579
252,179,641
1889.
One dollar
Two doUars
Five dollars
Ten dollars
Twenty dollars
,
Fiftydollars
One hundred dollars...
Five hundred dollars...
One thousaud dollars..
Five thousand dollars.
Ten thousand dollars..,
Total
Unknown, destroyed.
Net
377,319
189,562
59,166, 305
68,091,770
51, 233, 920
11, 986, 650
19,851,200
220, 000
56, 000
•
I
31, 999, 819
23, 778, 521
203,081,005
242,112, 646
190, 735, 884
48,131, 225
68, 632, 940
26,141, 500
50,183,500
37, 590, 000
70, 350,000
18
Net.
34,798,323
25,615,949
211,871,811
261, 425,886
195,237,520
44, 037, 365
66, 498, 370
23,116, 000
39, 820, 500
34,875,000 .
67,590,000
1891.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty clollars
O n e hundred dollars
Five hundred doUars...
36, 338, 929
25,872,229
225, 260, 584
272,331,516
205,672, 060
42, 329,965
70, 671, 670
23, 382, 500
103
TREASURER.
No.
3 6 . — A M O U N T OF P A P E R C U R R E N C Y O F EACH DENOMINATION OUTSTANDING
AT THE CLOSE OF EACH F I S C A L YEAR FROM 1878—Continued.
Denomination.
Legal-tender
notes.
Certificates. National-bank
notes.
Total.
1891,
One thousand doUars .
Five thousaud dollars
Ten thousand dollars..
$22,475, 000
15, 000
10,000
Total
Unknown, destroyed.
397, 909, 433 490,956, 614
1,000,000
167, 550,906 1,056,416,953
1, 000, 000
396, 909, 433 490, 956, 614
167, 550, 906 1, 055,416,953
Net
$23, 685,500
27, 000, 000
81,330.000
$42,000
$46,202,500
27,015,000
81,340,000
1892.
One dollar
Two dollars Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars..
Five hundrecl dollars .
One thousand dollars .
Five thousancl dollars.
Ten thousand dollars.
10, 324, 030 27,311,775
11, 757, 488 17,129,837
84, 840, 804 102,431,715
123, 324. 335 110, 590, 751
56,183, 770
124,181,730
18, 822, 765
16, 870,150
26, 632, 620
36,138, 050
12, 519, 500 11, 040, 500
29, 412, 000 21, 569, 500
15, 000
31,100, 000
10, 000
95,820, 000
Total
Unknown, destroyed .
449, 393, 087 518,633,233
1, 000, 000
172, 399,855 1,140,426,175
I, 000, 000
448, 393, 087 518,633,233
172, 399, 855 1,139,426,175
Net
363,387
. 178,978
49, 690, 990
54, 547, 000
41, 314, 900
9, 256, 300
16, 850, 300
161,000
37,000
37, 999,192
29,066, 303
236, 963, 509
288, 462, 086
221, 680, 400
44,949,215
79, 620, 970
23, 721, 000
51, 018, 500
31,115, 000
95,830,000
1893.
One dollar
Two doll ars
Five dollars
".
Ten dollars
Twenty 'dollars
Fifty dollars
One hunclred dollars . .
Five hundred dollars .
One thousand dollars .
Five thousand dollars.
Ten thousand dollars.
16,695,156
22, 854, 833
15, 212, 098 16, 022, 699
94, 001, 805
99,138, 324
135, 022, 245 107,213, 741
121, 815, 370 65, 600, 830
15, 233, 000 19, 315, 365
31, 086, 550 26,161, 920
6, 641, 000
16, 245, 500
44, 398, 000 13,111,500
18,215, 000
15, 000
47,070,000
10,000
Total
Unknown, destroyed..
494, 871, 243 436, 208, 693
1, 000, 000
178, 350,397 1,109,430,333
1,000, 000
493, 871, 243 436, 208, 693
178, 350, 397 1,108, 430, 333
Net
359, 590
176,102
51, 354, 355
56, 998,170
42,550, 380
9, 318, 700
17,414,100
146, 000
33,000
39, 909, 579
31,410,899
244,494, 484
299, 234,156
229, 966, 580
43, 867, 065
74, 662, 570
23, 032, 500
57, 542, 500
18, 230, 000
47,080,000
1894,
One dollar
Two dollars
Five clollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred clollars..
Five hundred dollars .
One thousand dollars .
Five thousand dollars.
Ten thousand dollars .
15, 881, 901 22, 281, 229
15, 366, 373
12,816,728
86, 603, 969 87, 651, 885
125, 335,175 104,611,711
76, 314,170
115, 236,410
17, 274, 515
15,182, 300
29, 898, 520
35,617,950
5,029,500
12,039,000
9, 383, 500
81, 527,000
12, 580, 000
15, OOO
10, 000 • 83,180,000
Total
Unknown, destroyed..
500, 265, 433 463, 571,'403
1, 000, 000
206, 854, 787 1,170, 691, 623
1, 000, 000
499, 265, 433 463, 571,403
1,169, 691, 623
Net
357, 050
174, 282
61,510,485
66, 006, 800
48, 685, 320
10, 274, 550
19,680,800
133,500
. 32,000
38, 520,180
28, 357, 383
235.766,339
295, 953, 686
240, 235, 900
42,731,365
85,197, 270
17, 202. 000
90, 942, 500
12, 595, 000
83,190,000
1895,
OnedoUar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One'liundred doUars . .
Five hundred dollars .
One thousand dollars.
Five thousand dollars
Ten thousand dollars.
14, 235, 945
11, 291, 927
94, 742, 929
120, 629, 495
105, 679, 470
13,193, 500
31, 506, 650
9, 277, 500
93,187, 000
15,000
10, 000
Total
Unknown,destroyed..
493, 769, 416 433,159, 463
1, 000, 000
Net
492, 769, 416
27, 241, 706
16, 667, 051
88, 262, 710
98, 423, 601
73, 323, 810
14,559, 605
24, 568, 420
4, 587, 000
8,245,500
7, 720, 000
69, 560, 000
433,159,463
354, 573
172, 254
64, 369, 860
66,408,266
48, 960, 824
10, 527, 650
20, 437, 500
127,000
29, 000
41,832,224
28,131,232
247, 375,499
285,461,362
227. 964,104
38, 280, 815
76, 512, 570
13,991,500
101,461,500
7, 735, 000
69, 570, 000
$211, 386, 927 1,138, 315, 806
1, 000, 000
211, 386, 927 1,137,315,806
104
No.
REPORT ON T H E F I N A N C E S .
3 6 . — A M O U N T OF P A P E R CURRENCY OF EACH DENOMINATION OUTSTANDING
AT THE CLOSE OF EACH FISCAL YEAR FROM 1878—Continued.
Denomination.
Legal-tender
notes.
Certificates.
National-bank
notes.
Total.
1896.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty doUars
One hundred dollars . .
Five hundred dollars .
One thousand dollars.
Five thousand dollars
Ten thousand dollars.
$14, 743,496
13,124,121
100, 527, 084
124,439, 325
91, 555, 470
13, 756, 250
31,234, 550
6, 715, 000
81, 244, 000
15, 000
10,000
$29, 440, 370
15, 788, 207
93, 974, 970
106, 028, 281
67, 565, 230
15, 212,415
26,743, 720
4,038,000
6,636, 500
6, 220, 000
46, 000, 000
Total
Unknown, destroyed..
477, 364, 296
1,000, 000
417, 647, 693
v225, 527,150 1,120,539,139
1, 000, 000
- 476, 364, 296 417, 647, 693
1,119, 539,139
Net
$353,392
171, 238
70, 959,130
69, 223, 410
51,447,180
11,137,100
22, 085, 700
122, 000
28, 000
$44, 537, 258
29, 083, 566
265,461,184
299, 691, 016
210,567,880
40,105, 765
80, 063, 970
10, 875, 000
87, 908, 500
6, 235, 000
46,010, 000
1897.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty doUars
Fifty doUars
One hundred doUars..
Five hundred dollars .
One thousand dollars.
Five thousand dollars
Ten thousand dollars.
Total
Unknown, destroyed..
Net
1898.
One dollar
Two dollars
Fivedollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars...
Five hundred dollars .
One thousand dollars .
Five thousand dollars
Ten thousand dollars.
Total
Unknown, destroyed Net
1899.
One dollar
Two dollars
Five dollars
Ten doUars
Twenty dollars
Fifty doUars
One hundred dollars..
Five huudred dollars.
One thousancl dollars .
Five thousand dollars
Ten thousand dollars.
Total
Unknown, destroyed..
Net
.
"
1900.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars. Five hundred dollars .
One thousaud dollars .
Five thousand dollars
Ten thousand doUars Total
Unknown, destroyed. Net
14, 858, 688
11, 779, 328
92, 650, 092
114,381,361
82, 580, 952
15, 224, 675
27,797, 200
16,103, 000
87,148, 000
15,000
10, 000
462, 548, 296
I, 000, 000
461, 548, 296
31,064,204
18,122, 674
101,736, 235
113, 372, 526
72, 078, 624
17, 822, 540
32,476, 370
3, 682, 000
5, 876, 500
6, 760, 000
73, 610, 000
476,601,673
476,601, 673
18, 389, 283
30, 901, 939
12, 906, 958
18, 775, 814
94, 875,142 109, 377, 350
110, 258, 621 125, 653, 466
77,957,542
85, 737, 524
15, 083, 250
25, 500, 590
27, 425, 000
13,128, 470
15, 361, 500
3, 577,000
76, 606, 000
5, 799,500
15, 000
6, 060, 000
10, 000
38, 070, 000
448, 888, 296 462, 581, 653
1,000,000
447, 888, 296 | 462, 581,653
14, 772, 855
10, 953,726
106,461,792
120,114, 061
88,156,312
13, 750,450
25, 586,100
12, 296, 000
49, 083, 000
15, 000
10, 000
441,199, 296
1, UOO, 000
440,199, 296
40, 741, 731
22, 992, 419
106, 895,153
126,192, 871
85,103, 914
25, 504, 465
8, 899, 270
3,398,000
5, 525, 500
5, 215, 000
31, 280, 000
461, 748, 323
7, 590,
6, 870,
104, 209,
127,175,
85, 554,
13, 683,
24, 315,
10. 835,
43, 449,
15,
10,
52, 222, 039
30, 838, 683
114,004, 972
133,137,351
120. 328, 474
36,181,140
24, 886, 520
10, 038, 500
32, 784, 500
25, 495, 000
67. 600, 000
461,748, 323
351, 032
169,398
73,093,425
71,329, 940
52, 828, 640
10, 893, 900
21, 828, 200
115,500
28, 000
46, 273, 924
30, 071,400
267,479, 752
299, 083, 827
207,488, 216
43,941,115
82,101, 770
19,900,500
93, 052, 500
6, 775, 000
73,620, 000
230, 638,035 1,169, 788, 004
1, 000, 000
230, 638, 035 1,168, 788, 004
49, 640, 862
31, 851, 280
275, 668,617
306, 450, 397
216, 440 186
51, 332, 990
62, 316, 570
19, 050, 000
82, 433,500
075,000
6, 080, 000
38,
227, 869, 453 1,139, 339,402
1, 000, 000
227,869,453 1,138, 339, 402
349,640
168,508
71, 416,125
70, 538, 310
52,745,120
10,749,150
21,763, 100
111,500
28, 000
348, 721
167, 876
73, 799,' 985
75,403, 810
56, 379, 280
11, 543, 400
23, 540, 200
108,000
28, 000
55, 863, 307
34,114, 021
287,156, 930
321,710,742
229.639, 506
50,798,315
58,025, 570
15,802,000
54, 636, 500
5, 230, 000
31, 290, 000
241, 319, 272 1,144, 266, 891
• 1,000,000
241, 319, 272 1,143, 266,891
347, 945
167, 244
74, 539, 555
108, 727,430
78, 552, 820
15, 522, 050
31, 618, 000
105, 500
27, 000
60, 160, 201
37, 876, 386
292, 753, 989
369, 040, 682
284, 435, 296
65, 386, 665
819, 770
979, 250
260,500
510, 000
610,000
105
TEEASUEEE.
No. S7.
-OLD
DEMAND N O T E S I S S U E D , E E D E E M E D , AND
CLOSE OF EACH FISCAL YEAR.
Kedeemed d u r
Issued durTotal issued.
ing year.
ing year.
Fiscal year.
1862
1863
1864
1865
1866
1867
18G8
1869
1870
1871
1872
1873
]874
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
No.
$60, 030, 000
...
.
..
. . . .
800.00
500. 00
350. 00
150.00
Total
redeeraed.
THE
Outstanding.
$8, 924, 765. 00 $51,105,235.00
56, 646, 000. 00
3, 384, 000. 00
59, 240, 962. 50
789, 037.50
59, 557, 396. 50
472, 603. 50
59, 757, 837. 25
272,162.75
59,821,567.50
208,432 50
59, 886, 088. 00
143, 912. 00
59, 906, 260. 75
123, 739. 25
59, 923, 744. 00
106, 256. 00
59,933,494.50
96, 505. 50
59. 941, 703.75
88, 296. 25
59, 950, 032.50
79, 967. 50
59, 953, 267. 50
76, 732. 50
59,959, 892. 50
70.107. 50
59, 963, 082. 50
66,917. 50
59. 966, 037. 50
63,962 50
59, 967, 702.50
62, 297. 50
59, 968, 530. 00
61, 470. 00
59,969,025.00
60, 975. 00
59, 969, 405.00
60, 535. 00
59, 970, 305.00
59, 695. 00
59,971,015.00
58,985. 00
59,971,560 00
58, 440. 00
59, 972, 050. 00
57, 950. 00
59, 972, 555.00
57, 445. 00
59, 972, 870. 00
57,130.00
59.973, 192.50
56, 807. 50
59, 973, 557.50
56, 442. 50
59, 973, 967.50
56, 032.50
59, 974; 352. 50
55, 647. 50
59.974, 352.50
55.647 50
59, 974, 352. 50
55, 647. 50
59, 975, 152. 50
54, 847. 50
59,975,152.50
54,847 50
59, 975, 652. 50
54, 347. 50
59, 975, 652. 50
54, 347. 50
59, 976, 002.50
53,997 50
59, 976,152. 50
53,847. 50
59, 976,152.50
53, 847. 50
3 8 . — F R A C T I O N A L CURRENCY I S S U E D , E E D E E M E D , AND OUTSTANDING AT T H E
CLOSE OF EACH F I S C A L YEAR.
Fiscal year.
1863
1864
1865
1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
] 883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1890
1900
. .
$60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, O O
U
60,030, 000
60,030, 000
60, 030, 000
60, 030, 000
60,030,000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60,030,000
60,030,000
60, 030, 000
60, 030, O O
U
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60,030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
60, 030, 000
$8, 924, 765. 00
47,721,235.00
2, 594, 962. 50
316,434. 00
200,440. 75
63, 730. 25
64, 520. 50
20,172. 75
17,483. 25
9, 750. 50
8,,209. 25
8, 328. 75
3, 235. 00
6, 625. 00
3,190. 00
2, 955. 00
1, 665. 00
827. 50
495. 00
440. 00
840. 00
710. 00
545.00
490. 00
505. 00
315. 00
322. 50
365. 00
410. 00
385. 00
OUTSTANDING AT
. ..
.
..
Issued during
year.
Total issued.
$20,192," 456.00 $20,192,456. 00
8,169, 527.10
28, 361, 983.10
42, 980, 740.40
14,618,757.30
60, 867,119.15
17, 886, 378.75
80, 763, 387. 80
19, 896, 268. 65
105,786,011.80
25, 022, 624. 00
23,709,131.65 129,495,143.45
31, 209, 716. 00 160, 704, 859.45
31,103, 904. 00 191, 808, 763.45
31, 816, 900. 00 223, 625, 663.45
38, 674, 800. 00 262,300,463.45
41, 434, 916. 00 303,735, 379.45
36, 612, 80O 00 340, 348,179. 45
28, 375, 900. 00 368, 724, 079. 45
368, 724, 079.45
368, 724, 079.45
368, 724. 079.45
368, 724, 079.45
368, 724, 079.45
368,724,079.45
368, 724, 079.45
368, 724, 079. 45
368, 724, 079.45
368, 724, 079.45
368, 724, 079.45
368, 724, 079. 45
368, 724, 079.45
368, 724, 079.45
368, 724, 079. 45
368, 724, 079. 45
368, 724, 079.45
368, 724, 079. 45
368. 724, 079.45
368. 724, 079. 45
368, 724, 079. 45
368. 724, 079.45
368 724 079 45
" "
•
•
3r.8,7-.'-l.()79.45
Kedeeraed d u r ing year.
Total
redeeraed.
$6, 037, 700. 00
11,909,911.64
15,910, 632.15
18,430,520 99
20, 769, 338. 55
24, 322, 402.76
23, 445, 668. 88
30,399,713.92
31, 543, 939. 29
34,731, 269. 83
40, 352,985.77
40, 364, 671.48
36, 058, 728. 80
14, 043, 458. 05
3,855, 368. 57
705,158. 66
251,717.41
109, 001. 05
58, 705. 55
46, 556. 96
20, 629. 50
15, 885. 43
10,088. 36
7,123.15
24, 320. 55
5,-953. 35
5,179. 50
3,831.37
4,216.98
2, 958. 00
3, 367. 20
3, 019. 93
2,933. 35
3,482. 00
2,950.00
3, .343. 48
2, 418. 25
$6, 037, 700. 00
17, 947, 611.64
33, 858, 243. 79
52, 288, 764. 78
73,058,103.33'
97, 380, 506. 09
120, 826,174. 97
151,225,888.89
182, 769, 828.18
217, 501, 098. 01
257, 854, 083.78
298, 218, 755. 26
334, 277, 484.06
348, 320, 942.11
352,176, 310. 68
352,881,469.34
353,133,186. 75
353, 242,187. 80
353, 300, 893. 35
353, 347, 450. 31
353, 368, 079. 81
353, 383, 965. 24
353, 394, 053. 60
353, 401,176. 75
353, 425.497. 30
353,431, 450.65
353, 436, 630.15
353,440, 461. 52
353, 444, 678. 50
353, 447, 636. 50
353, 451, 003.70
353,454,023. 63
353, 456,956.98
353,460, 438.98
353, 463, 388. 98
353,466, 732.46
353, 469,150. 71
Outstanding.
$20,192,456. 00
22, 324, 283.10
25, 033,128.76
27,008, 875. 36
28,474.623. 02
32, 727, 908.47
32,114, 637. 36
39, 878, 684.48
40,582, 874.56
40, 855, 835.27
44, 799, 365.44
45,881, 295. 67
42,129, 424.19
34, 446, 595. 39
20,403,137.34
16, 547,768. 77
15, 842, 610.11
15,590, 892. 70
15,481, 891. 65
15,423 186.10
15, 376, 629.14
.15,355,999.64
15,340 114 21
15, 330, 025.85
15, 322, 902. 70
15.298 582 15
15,292 628.80
15, 287,449. 30
15, 283, 617.93
15, 279, 400. 95
15, 276,442. 95
15 273 075.75
15, 270, 055. 82
15,267,122.47
15,263, 640.47
15, 260, 690.47
15, 257, 346. 99
15, 254, 928. 74
106
No
E E P O E T ON T H E FINANOES.
3 9 . — U N I T E D STATES P A P E R C U R R E N C Y OUTSTANDING AT THE CLOSE OF EACH
F I S C A L YEAR.
Fiscal year.
1862
1863
1864
1865
1860
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
$51,105, 235. 00
3, 384,000.00
789, 037.50
472, 603.50
272, 162.75
208, 432. 50
143, 912. 00
123, 739. 25
106, 250 00
96, 505.50
88, 296.25
79, 967.50
76, 732. 50
70, 107.50
66, 917. 50
63, 962. 50
62, 297. 50
61, 470.00
60, 975.00
60, 535. 00
59, 695, 00
58, 985. 00
58, 440. 00
57, 950.00
57, 445. 00
57, 130.00
56, 807.50
56, 442. 50
56, 032. 50
55, 647. 50
55, 647. 50
55, 647.50
54, 847. 50
847.50
54, 347.50
54, 347.50
54, 997.50
53, 847.50
53, 847. 50
53,
Fiscal year. Gold certificates.
186218631864.
1865.
1866.
1867 .
1870.
1871.
1872.
1873.
1874.
1875.
1876 .
1877 .
1878 .
18791880.
1881.
1882.
18831884.
1885.
1886 .
1887.
1890.
1891.
1892.
1893.
1894.
1895.
1896.
1897.
18981899.
1900 .
United States Treasury notes Fractional cur
of 1890.
rency.
notes.
Old demand
notes.
$10,947, 860.00
18,773, 580. 00
17, 678,640. 00
33, 086,180.00
34, 547,120. 00
19, 886,300. 00
32, 086,30O 00
39, 460,000. 00
22, 825,100. 00
300. 00
. 21, 796,
28, 681,400. 00
41, 572,600. 00
44, 367,000. 00
15,413, 700. 00
8, 004,600.00
5, 782,920.00
5,037, 120.00
82, 378,640. 00
98, 392,660.00
140, 323,140.00
131,174, 245.00
121,486, 817.00
142, 023,150. 00
154, 048,552. 00
157, 542,979. 00
152, 461,429. 00
156, 598,929. 00
92, 846,189.00
66, 387,899.00
48,469, 959. 00
189.00
42, 818,169.00
38,782, 149.00
37, 420,819.00
34,297, 179. 00
227, 797,
$96,620, 000. 00
387, 646,589.00
447, 300,203.10
431, 066,427. 99
400,780, 305. 85
371, 783,597.00
356, 000,000. 00
356, 000,000. 00
356, 000,000. 00
356, 000,000.00
357, 500,000. 00
356, 000,000. 00
382, 000,000. 00
375, 771,580.00
369, 772,284. 00
359, 764,332. 00
346, 681,016'. 00
346, 681,016. 00
346, 681,016.00
346, 681.016. 00
346, 681,016. 00
346, 681,016. 00
346, 681,016. 00
346, 681,016. 00
346, 681,016. 00
346, 681,016. 00
346,681, 016. 00
346, 681,016. 00
346, 681,016,00
346, 681,016. 00
346, 681,016. 00
346, 681,016. 00
346, 681,016.00
346, 681,016. 00
346, 681,016.00
346, 681,016. 00
346, 681,016. 00
346, 681,016. 00
346,681, 016. 00
Silver certificates.
$1, 850,410. 00
2, 539,950.00
12, 374,270. 00
51,166, 530.00
66, 096,710. 00
88, 616,831. 00
120, 891,691. 00
139, 901,646. 00
115, 977,675.00
145, 543,150. 00
229.491, 772. 00
262, 629,746. 00
301, 539,751, 00
314,715, 185.00
331,614, 304. 00
330,957, 504. 00
337,148, 504. 00
328, 894,504.00
342, 619,504. 00
375, 479,504.00
398, 556,504. 00
406, 085,504. 00
416, 015,000.00
$50, 228,417. 00
101, 712.071.00
147,190, 227.00
152, 584,417. 00
146,088, 400.00
129, 683,280. 00
114, 867,280.00
101, 207,280.00
93, 518,280. 00
76, 027,000. 00
$20,192, 456.00
22,324, 283.10
25, 033,128.76
27, 008,875.36
28,474, 623. 02
32, 727,908.47
32,114, 637.36
39, 878,684.48
40,582, 874.56
40, 855,835.27
44, 799,365.44
45, 881,295. 67
42,129, 424.19
34,446, 595.39
20,403, 137.34
16, 547,768.77
15, 842,610.11
15, 590,892. 70
15,481, 891. 65
15,423, 186.10
15, 376,629.14
15, 355,999.64
15, 340,114. 21
15, 330,025. 85
15, 322,902.70
15,298, 582.15
15,292, 628. 80
15,287, 449.30
15, 283,617. 93
15, 279,400. 95
15, 276,442.95
15, 273,075. 75
15,270, 055. 82
, 15,267,122,47
15, 263,640, 47
15, 260,690. 47
15, 257,346. 99
15,254, 928. 74
Total notes.
$147, 725,235. 00
411, 223,045. 00
470,413, 523.70
456, 572,160. 25
428,061, 343.96
400,466, 652. 52
388,871, 820.47
388, 238,376. 61
395, 984,940.48
396, 679,380. 06
398,444, 131, 52
400, 879,332.94
427, 958,028.1.7
417, 971,111. 69
404, 285,796.89
380, 231,431.84
363, 291,082. 27
362, 585,096. II
362, 332,883.70
362, 223,442, 65
362,163, 897,10
362,116, 630.14
362,095, 455, 64
362,079, 080.21
362,068, 486.85
362, 061,048.70
362, 036,405.65
362, 030,087.30
362, 024,497. 80
412, 248,698.43
463,728, 135,45
509, 203,333.45
514, 593,356.25
508, 094,319, 32
491,685, 765, 97
476, 866,283.97
463, 202,983. 97
455, 510,490.49
438, 016,792.24
Currency certifiTotal certificates,! G r a n d total.
cates.
$31, 810,000. 00
58, 990 000. 00
59, 045,000. 00
33,140, 000.00
53, 980 000.00
46,245, 000.00
29, 330,000. 00
14,275, 000. 00
11, 615,000.00
13, 360,000. 00
13,180, 000.00
12,230, 000. 00
29, 285,000.00
18,110,000. 00
000.00
9, 020,
14, 865,000. 00
17,195, 000. 00
12, 390,000. 00
23, 780,000. 00
30,420; 000. 00
12,405, 000. 00
60, 035,000. 00
55, 795,000.00
32, 210,000.00
62, 340,000.00
26,605, 000. 00
21,355, 000. 00
3, 705,000. 00
$147, 725,235. 00
411, 223,045. 00
470,413, 523. 70
456,572, 160.25
$10, 947.860. 00 439.009, 203.96
18, 773.580. 00 419, 240,232.52
406, 550,460.47
17, 678,640.00
33, 086,180. 00 421, 324,556. 61
34, 547,120, 00 430, 532,060.48
416, 565,680. 06
19,886, 300,00
32, 086,300. 00 430, 530,431.52
71,270, 000. 00 472,149, 332. 94
81,815, 100. 00 509,773, 128.17
498,812, 411, 69
80, 841,30O 00
466,107, 196.89 •
61,821, 400.00
475, 784,031.84
95, 552,600.00
92,462, 410. 00 455,753, 492.27
47,283, 650. 00 409, 868,746.11
34, 653,870. 00 396, 986,753,70
68,564, 450. 00 430, 787,892. 65
84,493, 830. 00 446, 657,727.10
184,175, 471. 00 546, 292,101.14
593, 609,806. 64
231,514, 351.00
671, 588,860 21
309,509, 786.00
627, 330,406. 85
920.00
265, 261,
638, 111,015. 70
276, 049,967.00
922. 00 748, 416,327. 65
386, 379,
433, 873,298. 00 795, 903,385.30
471, 472,730. 00 833,497, 227. 80
490,956, 614. 00 903,205, 312.43
518,633, 233. 00 982, 361,368.45
436, 208,693. 00 945,412, 026.45
463,571, 403. 00 978,164, 759.25
433,159, 463. 00 941, 253,782.32
909,333.
417,647, 693.00
953,467, 458.97
476, 601,673.00
925,784, 956.97
653.00
462, 581,
636.97
461,738, 323.00 , 917,248,813.49
179.00 1,085,533,
647, 517,
97 L 24
107
TREASUREE.
No.
4 . 0 . — E S T I M A T E D STOCK OF GOLD C O I N AND B U L L I O N AT THE END OF
MONTH, FROM J U N E , 1878.
1878—June . . . . . .
July
August
Septemher
Octoher . . .
November.
December .
1879—January...
February .
March
April
May
June
July
August
September.
Octoher—
November.
December .
1880—January...
February..
March
April
May
June
July
August—
September.
October . . .
Novemher.
December .
1881—January...
February..
March
April
May
June
July
August
September.
October
November.
Deceraber.
1882—January...
February..
March
April
May
June
Ji.Uy
August
Septeraber.
October . . .
Noveraber.
Deceraber.
1883—J'anuary...
February..
March.-'...
April
May
June
July
August—
Septeraber.
October—
Noveraber.
Deceraber.
1884—January...
Febru.ary..
March
April
May
June
July
August
Septeraber.
October...
November.
Deceraber.
1885—January...
February..
March
Ap il
Digitized for rFRASER
Month.
Coin.
$206, 876, 605
208,133, 814
210,472, 650
212, 251, 346
218, 079, 939
222,152, 894
224, 838, 801
229, 235,474
231,445, 024
234, 649, 458
235,802,373
238, 572, 616
240,425,461
240, 560, 487
245, 663, 951
250, 859, 576
257, 606, 067
269, 813, 847
274, 540, 357
282, 298,186
288,728, 662
293, 822,190
299, 642,337
304,100, 051
308, 356, 240
309,135, 440
315, 269, 785
319,411, 276
324, 913,480
332,417, 600
340, 940, 239
349, 595, 310
357,318,742
367, 052, 765
376, 073, 889
383,563,804
389, 466, 822
389,103,988
401,637,036
403,753,977
414, 877,149
424, 421, 418
433, 849,165
441,179,112
442, 087, 988
449,109, 282
454,527, 946
448, 946, 973
450,215, 829
447, 368, 627
452, 204, 515
457,878, 962
464, 620,153
469, 309, 447
472, 689, 330
476, 983, 775
478,249, 651
481, 437, 335
483, 008, 483
483,268, 279
486, 477,991
486, 054,872
488,533,129
490, 513, 933
495, 685,416
497,197,757
499,701,839
501,300, 220
499, 976, 551
496,700, 556
495,452,475
497, 008,024
500,961,189
501,173, 090
503, 028,420
504,906.819
506, 337, 383
509,813,071'
512, 695,853
514,408. 336
516, 430, 362
519,870, 792
520,139, 947
Bullion.
$6, 323, 372
7, 714, 922
7, 713, 661
9,049, 067
7,963,429
6, 472, 313
6,806, 689
4,964, 004
5, 401. 704
4, 934,162
6,151, 208
5,841,564
5, 316, 376
7,497, 952
11,182,137
35,797,151
50, 358, 465
57,883, 520
61, 999, 892
57, 226,426
53, 525, 811
50,572,784
47, 244,877
45, 219, 246
43,484,966
45, 319, 644
50, 671, 214
67,727, 241
80,742, 658
85, 004, 604
95, 260, 851
93,746,701
88, 760, 802
88, 467, 201
97,140,898
92, 783, 696
89, 017, 716
92, 226,041
87,148,541
97,751, 075
96, 953,452
92, 578, 261
87,977, 603
83,886,477
78, 422, 033
71, 218,465
66, 215, 653
60, 918, 848
56,541,886
57, 283, 625
53, 722,160
51,440, 420
50, 916, 780
50, 903, 305
51, 981, 432
51,449,383
52, 215, 560
54,475, 312
55, 652, 057
57,175,927
56, 254, 072
58, 757, 690
59, 876, 078
61,683,816
62, 392, 847
66, 592, 571
66, 406,346
66, 931, 227
67, 017,657
60, 724, 333
45, 686, 932
44, 797, 665
44, 539,608
48, 533. 573
51, 342, 794
52, 946, 587
55, 856, 761
62,212, 318
63, 422, 647
64,420, 631
64, 732, 611
64, 297, 566
65, 734, 818
EACH
Total.
$213,199, 977
215, 848, 736
218,186, 311
221,300,413
226, 043, 368
228, 625, 207
231, 645,490
234,199,478
236, 846,728
239, 583, 620
241, 953, 581
244,414,180
245, 741, 837
248, 058,439
256, 846, 088
286, 656, 727
307, 964, 532
327, 697, 367
336, 540, 249
339, 524, 612
342, 254,473
344, 394, 974
346, 887, 214
349, 319, 297
351, 841, 206
354, 455, 084
365, 940, 999
387,138, 517
405, 656,138
417, 422, 204
436, 201, 090
443, 342, Oil
446, 079, 544
455, 519,966
473, 214,787
476, 347, 500
478, 484, 538
481, 330, 029
488,785, 577
501, 505,052
511, 830, 601
516, 999, 679
521, 826,768
525, 065, 589
520,510, 021
520, 327, 747
520,743, 599
509, 865, 821
506, 757,715.
504, 652, 252
505, 926, 675
509, 319, 382
515, 536, 933
520,212,752
524, 670, 762
528, 433,158
530,465, 211
535, 912, 647
538, 660, 540
540,444, 206
542, 732, 063
544, 812, 562
548, 409, 207
552,197, 749
558,078, 263
563,790, 328
566,108,185
568,231,447
566, 994, 208
557, 424, 889
541,139,407
541, 805,689
545, 500, 797
549,706, 663
554,371, 214
557,853,406
562,194,144
572, 025, 389
576,118, 500
578, 828, 967
581,162, 973
584,168, 358
585, 874, 765
108
E E P O E T ON T H E FINANOES.
N o . 4 0 . — E S T I M A T E D STOCK OF GOLD COIN AND BULLION AT T H E E N D OF EACH
MONTH, FROM J U N E , 1878—Continued.
1885—May
June
July
August
Septeinber.
October . . .
November.
December.
1886—January . .
February .
March
April
May
June
July
August. . .
Septeraber
October...
Noveraber
Deceraber.
1887—January...
February..
March
April
May
June
July
August - -.
Septeraber
October . . .
Noveraber.
December.
1888—Janaary . .
February.
March
April
May
June
July
August...
September
October - . .
Noveraber
Deceraher.
1889—January . .
February .
March
April
May
June
July
A u g u s t . -.
Septeraber
October...
November
December.
1890—January..
February.
March
April
May
June
July
August. - September
October. -.
November
Deceraber.
1891—January . .
February .
March
April
May
June
July
August...
Septeraber
October...
November
December.
1892—January . .
February.
. . . .
March
Month.
Coin.
$520,803, 530
521 621, 301
520 696,136
522 296, 667
526 184. 444
528 027, 240
533 184,088
540 423, 527
542 160,412
544 998,565
545 173,610
546 745, 363
547 582, 263
547 465,941
549 075, 600
554 582, 815
554 096, 615
555 359,407
557 802, 437
559 486,856
560 851,488
563 394,917
565 762, 514
566 715,195
570 256, 490
568 788,145
569 547, 334
570 737, 736
573 415, 740
574 927,873
578 334,Oil
581 980,107
584 568,497
586 025, 317
587 350, 358
589 236, 410
592 212,051
595 703, 338
597 145. 663
599 655, 095
601 591, 876
603 225, 837
605 567,837
607 688,725
609 167, 900
609 283,810
609 978,122
610 998,423
613 018,370
613 973,117
613 540, 272
615 807,252
617 484, 831
619 640, 450
621 106,953
622 107,873
624 900, 483
625 967,229
627 406, 793
627 923,705
629 030,714
630 012,331
629 512,155
631 801, 689
633 118, 735
634 012, 338
635 219, 259
637 301, 201
639 384, 021
642 222,173
641 218, 653
629 636, 405
600 591, 691
584 524,184
581 721,468
582 227,566
.586 964, 320
596 386, 272
599 344,091
604 633,241
606 287,197
606 661, 364
606 564, 310
Bullion.
$66, 323,865
67, 075, 735
69, 283, 598
70,081,513
71, 052,140
72, 417, 890
73, 942, 796
72, 557,429
71,968,567
66,486,344
59, 254, 731
55, 245, 328
49, 285, 795
43, 308,520
43, 650, 307
45, 515, 589
53, 232, 743
59, 663, 639
68, 720, 676
80,931, 422
85, 018, 430
83,485, 920
83, 431, 810
83, 863, 571
85,166,756
85,732,190
89, 099, 377
92, 852, 054
108, 377, 780
120, 202, 502
120, 777, 483
122, 723, 223
121, 902, 584
121, 822, 527
121,167, 828
122,132, 999
114, 050,440
110,116, 633
108, 012,533
107, 826, 240
108,289, 294
108,479, 213
104,426, 611
96, 919, 454
96, 590. 321
96, 670, 798
94,795,197
94, 612, 786
85,241, 865
65, 586, 684
62,017,736
64, 052,146
64, 334, 656
64,554. 236
64,642, 327
67,416, 990
66.080, 287
66,133, 726
66, 443, 489
67, 265, 628
67, 548,895
65, 996, 474
62,138, 864
57, 471, 618.
59, 907, 459
60, 855, 395
63, 642, 518
66,799, 610
67, 624, 860
63,362,654
59, 685, 416
59,859,416
61,401, 672
62, 067. 744
62,736, 957
65, 262, 257
66, 343,775
74,158, 836
78, 430, 504
82, 212, 689
84, 299, 689
83, 275, 529
81,194, 377
Total.
$587,127,
588, 697,
589, 979,
592, 378,
597, 236,
600, 445,
607,126,
612, 980,
614,128,
611,484,
604,428,
601, 990,
596, 868,
590, 774,
592, 725,
600,098,
607, 329,
615, 023,
626, 523,
640, 418,
645, 869,
646, 880,
649,194,
650, 578,
655,423,
654, 520,
658, 646,
663, 589,
681, 793,
695,130,
699,111,
704, 703,
706, 471,
707. 848,
708, 518,
711, 369,
706, 262,
705, 820,
705,158,
707, 481,
709, 881,
711, 705,
709, 994,
704, 608,
705, 758,
705, 954,
704, 773,
705, 611,
698, 260,
679, 559,
675, 558,
679, 859,
681, 819,
684,194,
685, 749,
689, 524,
690, 980,
692,100,
693, 850,
695,189,
696, 579,
696, 008,
691, 651,
689, 273,
093, 026,
694, 867,
698, 861,
704,100,
707, 008,
705, 584,
700, 904,
689,495,
661, 993,
646, 591,
644, 458,
647,489,
653, 308,
670, 545,
077,774,
686, 845,
690, 586,
689, 986,
687,758,
109
TREASURER.
No.
4 0 . — E S T I M A T E D STOCK OF GOLD COIN AND BULLION AT THE END OF EACH
MONTH, FROM J U N E , 1878—Continned.
Bullion.
1892—AprU
May
June
July
A.ugust. - September
October - . .
Noveraber
Deceraber.
1893—January . .
February .
March
April
May
June
July
August...
Septeraber
October..Novemher
December.
1894—January . .
February
March
April
May
Juiie
July
August...
September
October...
November
December.
1895—January . .
February .
March
April
May
June
July
August...
Septeraber
October...
November.
December.
1896—January .-.
February .
March . . . .
April
May
June
July
August.. Septeraber
October - . .
Noveraber.
December .
1897—January . .
February .
March
AprU
May
June
July
August . . • September.
October . . .
Noveraber.
Deceraber.
1898—January...
Februaiy .
March
April
May
. June
July
August . . .
Septeraber
October...
Noveraber.
December.
1899—January . .
,527,222
602, 485, 237
I,
589,,509,061
581, 129, 982
577,, 737, 991
576, 074, 815
i,
577,, 387,444
577,, 983,121
569, 633, 412
',
559, 063,122
I,
547,,655,038
546, 673, 424
;,
532, 513,105
!,
523,,592,686
513,,743,623
520, 273, 567
I,
547, 516, 035
•,
556, 479, 232
',
564, 738, 578
575. 269, 517
.,
582; 227, 095
1,
592,, 84.8, 235
603,860,188
612,,325,385
614, 370, 723
:,
596,, 799, 262
584,, 4 7 9 . l i s
572, 975, 589
:,
574. 352,118
:,
579,, 728, 587
581. 597, 841
.,
583. 834, 589
!,
577,, 380, 396
557, 532, 641
',
562,,633,658
567, 592, 416
',
573:, 065, 665
578. 036,041
579,, 422, 971
580,, 481,167
568, 990, 037
i,
556,, 100, 818
564,,132,920
564, 229,183
:,
568, 106, 939
i,
583,, 488,105
586,, 168,106
588, 743, 303
:,
589,, 820,494
'
574,,520,722
567, 931, 823
564, 665. 228
:,
570,,557, 083
600, 544, 227
',
624,,047, 484
634, 287,157
:,
638, 381, 827
:,
645,, 568, 492
655,,672,099
669,
\114,266
675, , 298,428
>
675, 389, 655
',
671, 676,250
668, 189,128
:,
671, 852, 373
682, 437,123
:,
692, 691, 685
696, 460, 640
i,
699, 478, 536
\
•702, 851, 399
i,
705,, 494, 037
729, 385, 818
',
750, 557, 111
',
760, 274, 281
\
765,,735,164
771,, 089, 526
778,,894,663
785,,041,686
791,,647, 225
797,,428, 060
807, 451,124
•,
824, 493,146
:,
$79 712
77 953,
74 836,
76 623,
75 960,
76 055
78 126,
79 983,
81 697
81 452,
79 835
79 503,
80 529,
80 871,
78 345,
83 450,
98 373,
101 026,
96 657,
90 910,
84 679,
77 175,
70 432
60 232,
53 716,
48 067,
44 612.
47 050,
43 941,
44 063,
44 197,
46 305,
47 727,
46 010,
44 527,
51 387,
50 044,
53 425,
56 746,
60 651,
60 208
57 340,
54 409,
45 590,
29 820,
15 467,
26 821,
29 054,
32 851,
32 662,
32 217,
30 640,
33 264,
40 998,
47 617,
51 969,
54 565,
52 286,
46 849,
37 254,
32 786,
26 539,
25 547
28 929,
31 230,
30 223,
36 969,
42 123,
45 559,
49 465,
52 454,
63 647,
83 671,
96 998,
98 049,
99 294,
105 17.5,
116 299.
133 423,
138 502.
142 074,
134 186,
680,
664,
657,
653,
652,
655,
657,
651,
640:
627,
626,
613,
604,
592,
603,
645,
657,
661
666,
666,
670,
.674,
672;
668,
644,
629!
620,
618,
623,
625,
630,
625,
603,
607,
618,
623,
631
636;
641,
629,
613,
618;
609,
59'
598,
612,
617,
622,
607,
600,
595,
603,
641
671
686
692,
697,
702,
.706,
708,
701
697;
697,
703,
712,
729,
738,
745,
752,
757,
793,
834,
857,
863,
870,
884
901
925;
935,
949:
405
749
446
580
106
237
666
329
762
600
086
184
879.
554
133
903
540
880
851
139
•590
510
180
001
191
968
424
413
455
004
276
655
730
187
380
395
679
408
989
676
579
575
432
049
254
043
590
966
115
582
847
169
169
801
812
984
212
251
724
560
485
314
332
880
728
417
210
008
596
476
853
076
648
145
929
447
660
264
799
605
013
680
110
No.
E E P O E T ON T H E F I N A N C E S .
4 0 . — E S T I M A T E D STOCK O F GOLD C O I N AND BULLION AT T H E E N D OF E A C H
MONTHJ FROM J U N E , 1878—Continued.
Month.
Coin.
Bullion.
Total.
$839, Oil, 679 $127, 385, 067
396, 746
851,601,448
121, 560, 849 973, 162,297
859, 232, 751
120,829, 945
980, 062, 696
863, 741, 252
121, 742, 3.53 985, 483, 605
855, 583,055
119,870,884
.975, 453,939
852,445, 921
125, 658, 786 978, 104,707
862,919,952
127, 460, 201 990, 380,153
867, 833,173
131,730, 392
999, 563, 565
875, 450, 989 139, 017, 060 1, 014,468, 049
141, 809, 806 1,018, 133,208
876, 323,402
871,532, 924 144,476,933 1, 016,009,857
141, 246, 781 1, 022,943, 682
881,696,901
131, 632, 009 1, 025,825,162
894,193,153
906, 576, 296 127, 627, 317 1, 034,203,613
918, 606, 025 124, 919, 092 1, 043,525,117
924, 565, 661 116,965, 713 1, 041,531,374
923, 653, 462 112, 378,183 1, 036,031,645
929, 775,508
123, 743, 385 1, 053,518, 893
932, 926, 989 116,421,005 1, 049,347,994
934, 515,124
124, 773, 696 1,059,
1899—February ,
March
April
May
June
July
August . -.
September
October . . .
Noveraber
Deceraber .
1900—January...
February..
March
April
May
,
June
July
August—
Septeraber
N o . 41.—EsTiiviATED STOCK O F S I L V E R C O I N AND BULLION, A T T H E E N D O F E A C H
MONTH, FROM J U N E , 1878.
Month.
1878—June
July
August...
September
October...
November
Deceraber.
1879—January . .
February.
March
April
May
June
July
August...
September
October...
November
Decemher.
1880—January . .
February .
March
April.....
May
June
July
August...
Septeraber
October...
Noveraber
Deceraber.
1881—January . .
February.
March....
April.....
May
June
July.......
August...
Septeraber
October...
November
December.
1882—January . .
February .
March . . . .
April
May
June
July
August —
September
October
November
December.
for FRASER
Digitized
Standard
dollars.
573,500
10, 420, 500
13, 448, 500
16, 212, 500
18, 282, 500
20, 438, 550
22, 495, 550
24, 555,750
26, 687, 750
28, 774, 950
31, 155, 9.50
.33, 485, 950
35, 801, 000
37, 451, 000
40, 238, 050
42, 634,100
45, 206, 200
47, 705, 200
50, 055, 650
52, 505, 650
54, 806,050
57, 156, 250
59, 456, 250
61, 723, 250
63. 734, 750
66, 014, 750
68, 207, 750
70, 568,750
72, 847,750
75, 147, 750
77, 453, 005
79, 753, 005
82, 060,005
84, 359,505
86, 659,505
88, 959,505
91, 372, 705
93, 622, 705
95, 922, 705
98, 322, 705
100, 672, 705
102, 972.705
105, 380,980
107, 680,980
109, 981,180
112, 281. 680
114, 581, 680
116, 843,680
119, 144,780
121, 304,780
123, 729, 780
126. 029, 880
128; 329, 880
330, 629, 880
132, 955, 080
Bullioh.
Fractional
coin.
$7, 341,471
$71, 778, 828
7, 665, 760
72,151,424
8, 982, 239
72, 524, 020
9, 634, 034
72,896, 616
8, 352, 042
73, 269, 213
10,159, 491
73, 641, 809
9, 439, 461
74, 014, 406
10, 347, 890
74,387, 002
9,837,403
74, 759, 599
8, 688. 261
75, 132, 195
6, 949, 046
75, 504,792
5, 672, 656
75, 877, 388
5, 092, 566
76, 249, 985
5,112, 224
76, 467, 675
4, 904, 612
76, 685, 365
4, 557, 504
76, 903, 055
77,120, 740
3, 537, 224
77, 338, 436
4, 323, 098
77, 556,127
4, 492, 421
4, 888, 036
77, 773, 817
4, 525, 306
77,991,508
4, 086, 840
78, 209,198
78,426, 889
5, 007, 331
78, 644, 580
4, 853, 588
78, 862, 270
5,124, 536
78, 964, 336
6, 081, 648
6, 380, 258
79, 066, 401
79,168, 467
5, 557, 760
79, 270, 533
6, 043, 367
79, 372, 599
6, 255, 390
79, 474, 665
6,183, 224
79, 576, 731
6, 704,197
79, 678, 797
5, 356, 308
79, 780, 863
4, 017, 770
79, 882, 929
3, 863, 583
3, 457,193
79, 984, 995
3, 309, 949
80, 087, 061
2, 962, 278
80,115, 520
2, 732, 863
80,143, 980
80,172, 440
2, 632,185
80, 200, 900
3, 424, 575
80, 229, 360
3, 088, 710
80, 257, 820
3, 607, 830
80, 286, 280
3, 258, 926
80, 314, 740
2,808,143
80, 343, 200
4, 440, 662
8 0 371,660
3, 239. 033
3, 793, 664 ^ 80,400,120
3, 230, 908
80,428, 580
2, 816, 270
80, 472, 890
80, 517, 200
2, 730, 716
80,561, 510
3, 343, 565
80, 605, 820
4,012,503
80, 650,130
3, 769, 220
80, 694. 440
4, 468,193
$87, 693, 799
90, 237, 684
94, 954, 759
98,743,15099, 903, 755
104, 239, 850
105, 949, 417
109, 290, 042
111,284, 752
112, 595, 406
113, 609. 788
115, 035, 994
117,143,551
119, 030, 899
121, 828, 027
124, 094, 659
125,864,170
129, 366, 734
132,104,198
135,167, 503
137, 322, 864
139, 452, 288
142,890,470
145, 221, 418
147,721, 556
151, 060, 734
153, 714, 409
155, 294, 977
158,161, 650
160,775, 739
163,110, 894
166, 033, 933
167, 095,110
168,158,138
170, 406, 017
172, 401, 693
174, 769, 715
176, 700, 503
178, 799, 548
181,127,330
184. 298,180
186, 290, 775
189, 246, 630
191,226,186'
193,102, 063
197, 065, 542
198,192, 373
201, 037, 464
202,804, 268
204, 593, 940
206, 977, 696
209,934, 955
212, 948, 203
215,049, 230
218,117,713
Ill
TEEASUEEE.
N o . 4 1 . — E S T I M A T E D STOCK O F S I L V E R COIN AND BULLION AT THE E N D OF EACH
MONTH, FROM J U N E , 1878—Continued.
Month.
1883—January . . .
February..
March.....
April
May
June
July
August
Septeinber.
October
Noveraber .
Deceraber..
1884—January . . .
February..
March
April
May
June
July
August
September.
October
November.
December..
1885—January —
February..
March
April
May
June
July
August
Septeraber.
October
November.
December..
1880—Januar.y...
February..
March.....
April
May . Juiie
July
August
Septeiuber.
October
Noveraber.
Deceraber..
1887—January . . .
February . .
March
April
May
June
July
August
September.
October
November.
December..
1888—January . . .
February..
March
April
May
June
July
August
September.
October
November .
December..
1889—January...
February..
March
AprU
June
July
August.-..
Septeraber.
October
Noveraber .
Pecember..
for FRASER
Digitized
Standard
dollars.
5135, 405,
137, 805,
140, 205,
142, 555,
144, 905,
147, 255,
149, 680,
152, 020,
154, 370,
156, 720,
159, 070,
161, 425,
163, 775,
166, 125,
168, 425,
170, 725,
173, 035,
175, 355,
177, 680,
180, 030,
182, 380,
184, 730,
187, 180,
189, 561,
191, 947,
194, 247,
196, 697,
199, 107,
201, 509,
203, 884,
205, 784,
208, 259,
210, 759,
213, 259,
215. 759,
218, 259,
220, 553,
223, 145,
225 959,
228, 434,
231, 160,
233 723,
235, 643,
238, 573,
241 281,
244, 079,
246 903,
249, 623,
252 503,
255 453,
258 474,
261 524,
264 474,
266 990,
267 440,
270 250,
273 390,
276 816,
280 144,
283 140,
285 845,
288 545,
291 355,
294 039,
297 037,
299 424,
300 708,
303 320,
306 542,
309 670,
312 450,
315 186,
318 186,
320 946,
323 776,
326 974,
330 188,
333 502,
334 602,
337 502,
340 357,
343 428,
346 798,
349 802,
Bullion.
761,958
974,114
943,467
478, 750
157,218
482,216
486, 638
694, 559
107, 911
936, 365
624,279
534, 373
674,433
919, 913
043, 825
150, 843
623,158
055, 498
603,610
723, 420
934, 405
646,497
778, 849
716, 055
613,582
991,130
887, 494
042,187
098,144
038, 886
944,837
766,196
916,123
840,536
583,956
797,041
658, 783
612,968
271,104
556, 522
947, 762
092,198
786, 070
268,940
758,394
807, 949
091, 383
739, 377
877, 039
700,183
639,452
134,361
869,629
917,435
278, 674
177,624
005, 909
683,032
831, 655
961, 866
219, 546
305,153
024, 976
937,442
357,041
619,754
066, 054
973,204
645, 833
559,114
734, 583
865, 237
606, 677
782,958
801,669
755, 082
291, 861
603, 692
860,283
343,140
286, 828
918,171
322,870
729, 078
Fractional
coin.
.$80, 738, 750
80, 783, 060
80, 827, 370
80,871, 680
80,915,990
80,960, 300
80,485, 402
80, 0.10, 504
79, 535, 607
79, 060, 709
78, 585, 811
78,110, 914
77, 636, 016
77,161,118
76, 686, 221
76,211,323
75, 736, 425
75, 261, 528
75, 234, 719
75, 207, 910
75,181,101
75,154, 292
75.127, 483
75,100, 674
75, 073, 865
75,047,056
75, 020, 247
74 993,438
74, 966, 629
74,939, 820
74, 949, 914
74, 960, 007
74, 970,100
74, 980,193
74,990,286
75, 000, 379
75, 010,472
75,020, 565
75, 030, 658
75, 040, 751
75, 050, 844
75, 060, 937
75, 068, 424
75, 075,912
75, 083, 399
75, 090, 887
75, 098, 374
75,105, 862
75,113, 349
75,120,837
75.128, 324
75, 343, 251
75, 560, 244
75, 547, 799
75, 638, 932
75,312,773
75, 398, 925
75, 758,186
75,909,136
76, 295, 886
76, 345, 966
76, 327, 799
76, 333, 888
76, 299, 882
76, 349,137
76, 406, 376
76,510 842
76, 582, 235
76, 759, 671
76, 660, 481
76, 715, 873
76, 889. 983
76,889, 716
76, 659, 772
76, 628,116
76, 597, 677
76, .585, 840
76, 606, 567
76, 534, 026
76, 626, 764
76, 796,193
76, 628, 781
76, 527, 216
76, 697, 331
Total.
$219, 905, 788
222, 562,254
224,976,536
226, 906,129
229, 978, 907
232, 698, 415
234, 652, 939
236, 725, 902
239, 014, 417
240, 718, 023
242, 281, 039
244, 070, 406
246, 085, 568
248, 206,150
250,155, 675
252, 087, 795
253, 395, 212
254, 672, 855
257, 519,158
259, 962,159
262, 496, 335
264, 531, 618
267, 087,161
269,378, 723
271, 634, 641
273, 285, 380
275, 605,135
278,143, 019
280, 574, 004
282, 863, 087
284, 679,132
286, 985, .584
289, 645, 654
292, 080,160
294, 333, 673
297, 057,181
299, 223, 016
300, 779, 294
303,261,523
306,031, 394
308,158, 727
311, 876,421
314, 497,780
316, 918,138
320,123, 079
322, 978, 222
326, 093,143
329, 468, 886
332. 494, 035
335, 274, 667
342, 241, 803
347, 001, 639
349, 903, 900
353, 455, 351
355, 357, 723
357, 740, 514
360,794, 991
364, 257-, 375
366. 884, 948
369, 398,109
372, 410, 869
"375,178,309
377,714, 653
380, 277,114
382, 743, 968
386, 450, 920
388, 285, 686
390, 876, 229
393,948, 394
396, 890, 485
399, 901, 346
402, 941, 410
405, 682, 583
408, 369, 220
411, 206, .300
414,327, 274
417,066,241
420, 712, 909
422, 996, 959
425,472, 554
428, 440, 671
430, 974, 953
433, 648, 087
437,228, 410
112
E E P O E T ON T H E F I N A N C E S .
N o . 4 1 . — E S T I M A T E D STOCK O F S I L V E R COIN AND BULLION AT THE E N D OF EACH
M O N T H , FROM J U N E , 1878—Continued.
Month,
1890—January . .
February.
March . . . .
April
May
June
July
August...
September
October...
November
December.
1891—January..
February.
March....
April
May
June
July
August—
Septeinber
October...
Noveinber
Deceraber.
1892—January..
February .
March
April
May
June
July
August...
Septeraber
October...
November
Decera ber
1893—January..
February.
March - 1 . .
April
May
June
July
August...
September
October...
Noveraber
December
1894—January . Februai-yMarch
April
May
Juiie
. July
August...
Septeinber
October—
Noveraber
Deceraber1895—January . .
February..
March -."...
April
May
June
July
August....
September
October
November
Deceraber.
1896—January..
February .
March
April
May
June
July
August...
Septeraber
October
for FRASER
Digitized
Standard
dollars.
Fractional
coin.
$352, 536, 001 $11, 557.760 $76, 708, 644
355, 948,001
II, 156, 952
76,708, 892
359,884, 266
10, 709, 439
76, 799, 537
363,424, 266
9,432, 627
76, 793, 513
366, 336, 266
8, 955, 254
76, 818, 427
369, 426, 266
10, 649, 450
76, 874, 969
371, 726, 266
11,658, 805
76, 618, 254
374, 578, 266
12,832,692
76, 807,145
377, 628, 266
14,485, 014
76, 875, 555
380, 988, 466
16,995, 315
77,193, 068
384,431, 839
18, 796, 046 • 77,339,553
387,981, 005
20, 299, 954
77, 638, 844
391, 566, 005
77, 696,840
21, 277, 979
394, 601,005
77, 698, 303
22, 671, 532
397, 605, 327
77, 740, 096
25, 870, 383
400, 281, 327
77,936, 913
27, 600,434
402, 873,158
77,917,108
29,172, 111
77,947,619
31, 729, 052
405, 659, 268
77,131,606
36, 583,124
406, 635, 268
76, 995, 390
40,146, 730
407, 815, 268
43, 973, 513
408, 535, 368
76, 511, 066
47,580,682
77,301,515
409, 475, 368
50, 316, 836
410,889,124
77, 235, 022
53, 969, 468
411, 543,740
76, 566,155
57, 940,646
411, 869, 740
76, 910, 813
61, 401, 457
412,184, 740
77,096, 549
65, 720, 466
412,535,360
77, 294, .571
68, 912, 657
413, 055, 360
77, 433, 950
72, 501, 576
413, 565, 360
77,195, 831
76, 669,151
413, 988,735
76, 611, 232
80, 479, 594
414,416,735
77, 500, 000
83, 483, 551
77,472.912
414, 966, 735
86, 000, 554
77, 467, 707
415,742, 835
89, 372,154
77, 484, 987
416,412, 835
92, 999, 927
77,475, 318
417,122,835
96, 743, 988
77, 898, 748
417, 876, 985
99, 282, 961
77,887,460
418, 606, 985
418, 906, 985 102,973,771
74, 993, 714
419, 047, 305 106,709,122
77,197,330
419,195, 305 110, 315,196
77, 370, 715
419,332,305
114,289,140
77, 558, 212
419,332,450
118,173,820
77, 256.212
419, 332, 450 119, 277, 735
76, 563, 878
419, 332, 450 122, 200, 760
77, 036, 067
419.332, 550 124, 242, 787
77, 596, 621
419, 332, 550 120 261, 553
76, 977, 002
419, 332, 550 127, 262, 267
76,960, 353
419, 332, 777 127, 207,874
77, 494, 207
419, 332, 777 127, 215,171
77,041, 547
419, 332, 777 127, 216, 957
76,516,800
76, 661, 555
419.333, 029 127, 220, 207
76, 627, 432
419, 333, 029 127, 228, 437
419, 333, 029 127, 231, 643
75, 527, 223
419, 333, 208 127, 267, 347
76,122, 875
419, 756, 208 127,113,753
76, 221, 063
420, 504, 208 126,454, 771
76,167, 704
126,1.04, 475
421,1.76,408
75, 054,481
125,261,863
421,776,408
75, 667,112
125,351,523
422,1.76,408
76, 331, 359
422, 426, 749 125, 01.4,161
77,155, 722
422, 626, 749 124, 852, 679
77,192, 015
422, 826, 749 124, 551, 374
77,071,742
76,450, 557
422, 927, 039 124, 673,187
76,169,569
423,127, 039 124, 583, 685
76, 375, 930
423, 277, 219 124, 528, 559
124, 479, 849
423, 289, 219
76, 772, 563
423, 289, 219 124, 670, 701
77, 065,444
423, 289, 219 124,687, 226
76,145, 901
423,289, 309 124i 652,406
76, 291, 880
423.289, 309 124, 721, 501
77, 259,180
423, 289, 309 124, 603,759
78, 448, 506
423, 289, 629 124, 612, 532
77.182, 006
78, 573, 872
423, 289, 629 124, 575,129
78, 564, 547
424, 789, 629 123,171, 286
78, 216, 677
426, 289, 916 122,187, 206
77, 948, 510
427,789, 916 120, 939, 560
76,994, 051
429, 289, 916 119, 989, 914
75,730.781
430, 790, 041 119, 053, 695
75, 667, 706
118, 753, 758
431,852,041
75, 609, 268
434, 502. 041 116,081,740
75, 354,781
114, 829, 399
437, 202,141
75,804, 582
439, 552,141 113, 064, 557
$440, 802, 405
443, 813, 845
447, 393, 242
449, 650, 406
452,109, 947
456,950, 685
460, 003, 325
464, 218,103
468, 988, 835
475,176, 849
480, 567, 438
485, 919, 803
490, 540, 824
494, 970, 840
501, 215, 806
505, 818, 674
509, 962, 377
515, 335,939
520, 349, 998
524, 957, 388
529, 019, 947
534, 357, 565
538,440, 982
542, 079, 363
546, 721,199
550, 682, 746
555,550,397
559, 401, 967
563, 262, 767
567, 269,118
572, 396, 329
575, 923,198
579,211,096
583, 269, 976
587; 598, 080
592, 519,721
595, 777,406
596,874,470
602, 953, 757
606,881,216
611,179, 657
614, 762,482
615,174,063
618, 569, 277
621,171, 958
622, 571,105
623,555,170
624, 034, 858
623, 589,495
623, 066, 534
"623, 214, 791
623i 188,898
622, 091, 895
622, 723,430
623,091,024
623,126, 683
622, 335, 364
622, 705, 383
623, 859, 290
624; 596, 632
624, 671, 443
624, 449, 865
624, 050, 783
623.880, 293
624; 181, 708
624,541, 631
625,025,364
624,122, 346
624, 233, 595
625, 269, 990
626,341,574
625,084,167
626, 438, 630
626, 525, 462
626, 693, 799
626, 677,986
626, 273, 881
625, 574,517
626, 273, 505
626,793, 049
627, 386, 321
628,421,280
113
TREASURER.
N o . 4 1 . — E S T I M A T E D STOCK O F S I L V E R COIN AND BULLION AT T H E E N D OP EACH
M O N T H , FROM J U N E , 1878—Continued.
Month.
1896—Noveraber
December.
1897—Jan uary.February .
March..'..
April
May
June.July
August...
Septeraber
October...
Noveinber
Decern ber1898—January..
February.
March . H..
April
May
Juiie
July
August...
September
October...
Noveinber
Deceraber
1899—January..
February.
March..' -.
April
May
June
July
August...
Septeuiber
October...
Noveraber
December.
1900—January . .
February .
March
April
May
..
June
July
August...
September
No,
Standard
dollars.
Bullion.
Fractional
coin.
Total.
$441, 466,141 $112,137,954
$75, 803, 546 $629, 407, 641
44.3,166, 391 110, 815, 247
76, 317, 752 630, 299, 390
444, 978, 391 109, 704. 519
76,303, 945 630, 980, 855
446,318, 391 .108,914,614
76, 514, 618 631, 747, 623
447,718,641
107, 862, 462
76, 220. 921 031, 802, 024
449,118, 641 106, 990,150
76,341,471
632, 450, 262
450,518, 641 106, 042,492
76, 517, 908 633,079, 041
451,903,742
104, 593, 039
75,438, 884 632, 023, 665
75,417,942
451, 993, 742 105,109,460
632,521,144
74, 271, 577 631, 390, 442
451,993, 742 105,125,123
105,078,550
452, 093, 792
74, 631, 590 631, 803, 932
452, 71,3, 792 104, 853, 852
75, 414, 007 632, 981, 651
454,213, 792 103, 531, 722
76, 020, 675 633, 766,189
455, 818,122 102, 284, 736
76, 400, 207 634, 503, 065
101, 379,158
457,068,122
76, 663,116 635; 110, 396
458,100, 347 100, 819, 300
76, 230, 903 635,150, 550
99, 829, 432
459, 200, 422
76, 584, 080 635, 613, 934
99, 551, 902
459, 884,422
76, 605, 240 636, 041, 564
98, 443, 952
461,180, 422
76, 086, 089 635, 710, 463
98,195,494
76, 421, 429 636,613,445
461, 996, 522
97, 871, 697
75,989,540
462, 306, 522
636.167, 759
96,141, 237
75, 752, 972 635,898,731
464, 004, 522
96, 066, 097
464, 834, 597
75, 784, 648 636, 685, 342
94,675,773
466, 836, 597
76, 7H3, 612 638,245, 982
93, 359, 250
468, 238, 597
76, 670. 481 638, 268, 328
92,192, 207
470, 244, 857
76,587,161
639, 024, 225
91, 228, 953
471, 780. 857
76, 015, 347 639, 025,157
90,189,188
473, 292. 857
76, 329, 061 639,811,106
88, 825, 937
475,193,158
76, 390, 984 640, 410, 079
87, 916. 328
476,827,158
76, 710, 825 641, 454, 311
85, 909, 876
76, 638, 335 641, 589, 369
479, 041,158
85, 288, 249
70, 740 179 642, 285, 659
480,251,231
84, 933,898
75,909,690
480,422,231
641, 265, 819
84,564,627
76,647,029
481, 252, 231
642, 463, 887
83. 783. 745
482,122, 370
• 76,523,333 642, 429,454
82. 359, 030
483,122, 376
78,552, 777 644, 034,183
81, 749, 336
482, 622, 376
79, 510, 349 643, 882, 061
80, 885, 683
476, 201, 341
79, 643, 721 636, 730, 745
79, 721, 632
477, 046, 563
80, 346, 414 637,114,609
78, 370, 617
478,305,308
80,101,151
636, 777, 076
74,974,311
79, 715, 204 635, 510, 213
480, 820, 698
72, 838, 333
80,512,091
484, 335, 483
637, 686, 807
71, 253. 620
487, 4.97, 976
81, 672, 075 640, 423, 671
70,015,735
490, 618, 052
82,901, 023 643, 534, 810
69,425, 982
493,129,901
83, 777, 071 646, 332, 954
67, 076, 004
495, 286, 994
85, 567, 835 647, 930, 833
65, 054, 052
498,349,34386, 000, 748 649,404,143
4 2 . — 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 AT T H E E N D O F EACH M O N T H , FROM J U N E , 1878.
Month.
1878—June
July
August
September
October
November
Deceraber
1879—January
February
March
April
May
June
July
August
September
October
November
Deceraber
1880—January
February
March"
April
May
FI 1900
8
United States
notes.
$346,681,016
346, 681, 016
346, 681; 016
346, 681, 016
346, 681, 016
346, 681, 010
346, 681, 016
346,681,016
346, 681, 016
346, 681, 016
346,681,016
346,681,016
346, 681, 016
346, 681, 016
346, 081, 016
346, 681. 016
346, 681, 016
346.681, 016
346,681,016
346,681,016
346. 681, 016
346, 681, 016
346,681,016
340,681, 016
Treasury
notes.
Nationalbank notes.
Total.
$322, 919, 810 $669, 600, 826
321, 945, 415
668, 626, 431
321,641,533
668, 322, 549
320, 701, 650
667,442,666
321,121, 041
667, 802, 057
322, 032, 362
668, 713, 378
322, 808, 560
669, 489, 576
323,409, 195
670, 090, 211
325, 036,476
671, 717,492
326, 093, 402
672, 774, 418
328,442, 966
675,123,982
328,676,747
675, 357, 763
675, 643, 089
328, 962, 073
329, 244. 893
675, 925, 909
330, 062. 713
676, 743,729
333, 649, 736
680, .330, 752
336, 581, 624
683, 262, 640
339,494, 074
686,175,090
341, 852, 242
688, 533, 258
343,187,430
689, 868, 446
343, 241. 251 • 689,922,267
343, 949, 401
690, 630, 417
344, 538, 584
691, 219, 600
344, 678, 227
691, 359, 243
114
No.
E E P O E T ON T H E FINANOES.
4 2 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES
OUTSTANDING AT T H E E N D OF EACH MONTH, FROM J U N E , 1878—Continued.
Month.
1880—June
July
August...
Septeraber
October...
Noveraber
December.
1881—January . .
February.
March
April.....
May
June
July
August...
Septeinber
October-..
November
December1882—January . .
February.
March:...
April
May
June.......
July
August...
Septeraber
October...
Noveraber
Deceniber.
1883—January . .
February March
April
May
June
July
A u g u s t . -.
Septeraber
October..November
December.
1884—January . .
February March
April
May
June
July
August.. September
October-..
November
December.
1885—J anuary..
February.
March
April
May
June
July
August —
Septeuiber
October
Noveraber
Deceraber.
1886—Jauuary ...
February March . . . .
April
May
June
July.
August —
September,
October—
November .
Deceraber.
1887—January..
February.
March
United States]
notes.
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
340,
340,
346,
346,
346,
346,
346,
346,
346,
346,
340,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346.
34.6;
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
.016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
, 016
, 016
,016
,016
,016
,016
,016
,016
,016
,010
,016
,016
,016
,016
,016
,0.16
,016
,016
,016
,016
,.016
,016
,016
,016
, 01.6
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
016
Treasury
notes.
Nationalbank notes.
$343, 890, 901
343, 781,711
343, 657, 947
343, 447, 742
343: 379, 396
343, 297,160
343, 792, 832
343, 851,123
343! 242,478
347; 054,162
352: 047,097
353, 604, 893
354, 617,115
350 913, 233
357, 449, 906
358, 405,640
359, 863, 000
361, 509, 650
361 857,468
361 880,764
361, 095, 650
360, 915,787
360, 363,889
359, 025, 054
357, 552, 564
357, 974,142
359, 834,430
362, 256, 662
361, 779, 335
361 691, 569
361 882, 790
361 310, 848
360, 424, 097
359: 192, 003
358, 546, 954
357, 457, 250
356, 072,208
355, 113,823
353 906,874
352, 728,114
351 528, 420
350, 300,884
349, 949,351
348, 680, 806
345, 784, 941
344, 035,505
342, 216, 527
340, 018, 509
338!
337: 692, 612
336, 065, 355
335, 131,964
333, 043,938
330, 007, 772
328; 780, 483
326, 392. 332
323 049,907
320, 036,120
319 897, 395
31 415, 804
316, 989, 246
315, 857,081
315, 378, 841
316, 431,707
315, 348,122
316; 279, 087
316, 748, 847
317, 512, 303
317, 000,162
315, 001, 252
313, 150,389
311 261,874
308 168,165
30O 510,891
304; 238,538
303 249, 615
301 099,812
299; 309, 290
296, 144,276
292, 572, 072
288, 782, 727
286, 864,797
950, 711
Total.
$690, 571, 917
090, 462, 727
690, 338,963
690,128,758
690, 060, 412
689,978,176
690, 473, 848
690, 532,139
689,923,494
693,735,178
698, 728,113
700, 285, 909
701, 298,131
703, 594, 249
704,130, 922
705, 086, 656
706,544, 016
708.190, 666
708,538, 484
708, 561, 780
707,776, 666
707, 596, 803
707, 044, 905
705, 706, 070
704,233, 580
704, 655,158
706, 515, 446
708,937, 678
708,460, 351
708, 372, 585
708, 563, 806
707,991, 864
707,105,113
705,873,019
705, 227, 970
704, 138, 266
702, 753, 224
701,794,839
700,587, 890
699, 409,130
698, 209, 436
696, 981, 900
696, 630, 367
695, 361, 822
692, 465, 057
690, 716, 521
688, 897, 543
686, 699, 525
685, 373, 628
683,746,371.
682,812,980
681, 724, 954
679, 688,788
677, 461, 499
675, 073, 348
672, 730, 923
670, 317,136
667, 578, 411
666, 096, 820
663, 670, 262
663, 538, 097
662, 059, 857
662,112, 723
663,029,138
661, 960,103
663. 429, 803
063.193.319
663,681,178
663, 682, 268
661, 831, 405
659, 942, 890
657, 849,181
655.191. 907
652, 919, 554
050, 930, 631
649, 780, 828
647, 990, 306
645, 825. 292
643, 253,088
639,463,743
635,545,813
633,631,727
115
TEEASUEEE.
N o . 4 2 . — U N I T E D STATES N O T E S , T R E A S U R Y IS OTES, AND NATIONAL-BANK N O T E S
OUTSTANDING AT T H E E N D O F E A C H MONTH, FROM J U N E , 1878—Continued.
Month.
1887—April.
May .
June
July
August
Septeraber..
October
November..
December..
1888—January
February...
March
April
May
June
July
August
September..
October
N o v e m b e r ..
December...
1889—January
February...
March
April
...
May
June
July
August
September..
October
N o v e m b e r -.
D e c e m b e r ..
1890—January . - February..
March
April
May
June
July
August
Septeraber..
October
November.
December..
1891—January . . .
February..
March
April
May
June
July
August
September.
October
November Deceraber .
1892—January . - F e b r u a r y -.
March
April
May
June
July
August
September.
October
November .
1893 ? e c e m b e r . loya—January . . .
February..
March.
April
May
June
July
August
September.
October
November December .
1894—January...
United States
notes.
$346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
.346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346.
346;
346,
346,
346,
346,
346,
• 346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
346,
316,
346,
346,
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,0i6
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
, 016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
, 0.16
,016
,016
,016
,016
,016
,016
,016
, 016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
,016
.016
,016
, 016
,016
,016
Treasury
notes.
Nationalbank notes.
$284, 793,311
281, 982,407
278, 917,073
276, 288, 312
274,128, 829
272,721,530
271, 915, 258
269, 690, 378
268, 363,854
265, 702, 634
. 262, 452, 593
259,997, 204
258, 426, 501
255,581,273
252, 203, 941
249,453, 735
246, 347, 027
243, 529, 002
239, 258, 217
236,326, 872
233, 554,192
229, 041, 824
224, 248, 585
221, 028, 621
218, 506, 473
215, 286, 737
.211,197, 683
' 207, 993, 689
205, 763, 371
203, 567, 802
201, 925, 825
199, 546, 637
197, 087, 385
194,447,219
192, 000, 453
190, 274, 602
189, 264,900
187,361,523
185,748, 590
184, 253, 868
183,134, 753
$3, 609,000
181, 602, 915
8, 069, 000
179, 610,433
13, 949, 000
178, 329, Oil
19, 258, 800
177,088,171
24,090, 500
175,30.3,549
28, 804, 000
173,423, 024
33,150, 700
171, 535, 064
37, 093, 200
41, 731, 200
170, 227, 646
45,677, 347
168, 850, 839
50, 228, 417
167, 577, 214
54, 994, 035
168,166,939
59, 686,035
171,134, 309
64, 251,130
171, 785,146
68, 725, 270
172,184, 558
72, 959, 652
172, 993, 607
77, 327,102
173, 078,585
81,553,000
173, 205,496
85, 236, 212
172, 621, 875
89, 602,198
172, 529, 451
93,228,690
172, 476, 575
97, 391, 986
172,499, 349
101, 712, 071
172,683,850
105, 566,170
172, 527, 713
109, 382, 637
172, 656, 429
112, 484, 335
172, 786, 760
116,611,233
172, 432,146
120, 796, 713
173, 614, 870
124,745, 623
174, 404,424
127,946,489
174, 391, 253
131, 867, 853
175,422, 388
135, 490,148
176, 094, 544
139, 069, 778
176, 855, 614
143.189, 874 177,164,254
147.190, 227 178, 713, 872
148, 286, 348 183, 755,147
149,881, 958 198, 980, 368
151, 319, 040 208, 690, 579
152,735,188 209,311,993
153,453, 629 208,948,105
153,160,151
208, 538,844
153, 070, 908 207,862,107
Total.
$631,474,327
628, 663, 423
625, 598,089
622, 969, 328
620, 809,845
619,402, 546
618, 596, 274
616, 371, 394
615,044,870
612, 383, 650
609.133, 609
606, 678,220
605,107,517
602, 262, 289
598, 884, 957
596.134, 751
593, 028, 043
590, 210, 018
585, 939, 233
583, 007,888
580, 235, 208
575, 722, 840
570, 929, 601
567, 709, 637
565,187,489
561, 967, 753
557,878,699
554, 674, 705
552, 444, 387
550, 248, 818
548, 606, 841
546, 227, 653
543, 768, 401
541,128, 235
538, 681,469
536, 955, 618
535, 945, 916
534, 042, 539
532, 429, 606
530, 934, 884
533,424, 769
536, 352, 931
540, 240, 449
544, 268, 827
547, 859, 687
550, 788, 565
553, 254, 740
555, 309, 280
558, 639, 862
561, 209, 202
564, 486, 647
569, 841, 990
577, 501, 360
582, 717, 292
587, 590,844
592, 634, 275
597, 086, 703
601,439', 512
604, .539,103
608, 812, 665
612, 386, 281
616, 572, 351
621, 076, 937
624, 774, 899
628, 720, 082
631, 952, 111
635,724,395
641, 092, 599
645, 831, 063
649, 018, 758
653, 971, 257
658, 265,708
662, 606, 408
667, 035,144
672, 585,115
678,722, 511
695, 543, 342
706, 690, 635
708, 728,197
709, 082, 750
708, 380, Oil
707, 614, 031
116
No.
E E P O E T ON T H E FINANCES.
4 2 . — U N I T E D STATES N O T E S , TREASURY NOTES, AND NATIONAL-BANK N O T E S
OUTSTANDING AT T H E E N D O F EACH M O N T H , FROM J U N E , 1878—Continued.
lUnited S t a t e s
notes.
1894—February..
March
April
May
Juiie
July
August
September.
October
November.
December..
1895—Jauuary . . .
February -.
March
April
M ay
June
July
August
September.
October
November .
December..
1896—January . . .
February..
March
April
May
Juue
July
August
September.
October
November .
December..
1897—January...
February..
March
April
May
June
July
August
September.
October
November.
December..
1898—January . .».
Februa'ry..
" March.....
April
May
Julie
July
August
September.
October —
•November .
December..
1899—January . . .
February..
March
April
May
June
July
August
September.
October
November.
December .
1900—January...
February...
March . . —
April
,
May
June
,
July
August
September.
$346, 681,016
346, 681, 016
346, 681,016
346,681,016
346,681,016
346,681,016
346, 681, 016
346, 681. 016
346,681,016
346, 681, 016
346,681,016
346,681,010
340, 681, 016
346, 681, 016
346, 681, 016
346, 681, 016
34.0 681, 016
346, 681, 016
346, 681,016
346,681,016
346, 681, 016
346, 681, 016
346, 681,016
346,681,016
346, 681, 016
346,681,016
• 346,681,016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681,016
346,681,016
346, 681, 016
346,681,016
346,681,016
346, 681, 016
346,681,016
346,681,016
346,681 016
346, 681, 016
346, 681, 016
346, 681,016
346,681,016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681,016
346, 681, 016
.346, 681, 016
346, 681, 016
346, 681, 016
346,681,016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681, 016
346,681,016
346, 681, 016
346, 681, 016
346, 681, 016
346,681,016
346, 681, 016
346, 681, 016
346,681,016
346,681,016
346,681,016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681, 016
346, 681, 016
Treasury
notes.
Natiouiilbank notes.
Total.
$153,001,184 $207,479, 520
$707,161 ,720
207, 875, 695
152, 900, 317
707,457,028
207, 833, 032
152,813,072
,120
707, 327,
207,245,019
152, 679, 742
,777
706, 605,
152, 584, 417 • 207, 353, 244
;
,
706, 618, 677
207,539,066
152,447,126
,
706, 667, 208
207, 592,215
152i151, 369
706,424 ,600
207, 564,458
151, 609, 267
:,74i
705, 854,
207,565, 090
151,140, 568
1,674
705, 386,
206, 686, 337
150,979,070
i,423
704, 346,
206,605,710
150,823,731
1,457
704,110,
205,297, 571
150, 751, 541
1,128
702, 730,
205, 043, 651
150,705,157
1,824
702, 429,
207,541,211
150, 330, 089
:,316
704, 552,
209,719,850
149, 584, 471
1,337
705, 985,
211,478,710
148,044, 280
706, 204,012
211,691, 035
146, 088,400
,451
704,460,
145,490, 280
,341
211, 372, 045
703, 543,
144,495, 280
i,496
212, 339, 200
703, 515,
143, 666. 280
1,230
212, 851, 934
703,199,
141, 092, 280
,926
213, 887,630
701, 660,
139,583, 280
,894
213,960,598
700, 224,
137, 771,280
,269
213, 716, 973
698,169,
137,324,280
213,496, 547
697, 501,843
136, 719, 280
-,213
217,181, 917
700, 582,
136, 081, 280
,323
221, 316, 027
704, 078,
133, 069, 280
•
,
224,189, 337
703, 939, 633
131,385,280
,231
225,287, 935
703, 354,
129, 683, 280
,843
226, OUO, 547
702,364
128, 343, 280
,338
701,054,
226, 030, 042
126, 741, 280
;
703, 030, 192
229, 613, 896
125, 004, 280
.053
233, 639, 357
705, 324,
123, 229, 280
234, 984,444
704,894 ,740
121, 677, 280
703, 75',180
235, 398, 890
119, 816, 280
1,414
7U2,160
235, 663,118
118, 398,280
,958
700,173,
235, 094, 662
117,550,280
698,46" ,623
234, 236, 327
117,131, 280
'
,
697, 607, 4B7
233,795,141
116,696,280
s280
096, 265,
232,887,984
115, 782, 280
,137
694, 339!
231, 875, 841
114, 807, 280
,982
692,
231, 441, 686
113,914,280
1,552
230. 844, 256
691, 439, 970
112, 672, 280i
,
230, 593,674
689, 946, 266
111, 334, 280
,
230, 278, 970
688-, 294,
109,313,280
1,571
2:-'.0,132, 275
686,126,
107,793,280
1,513
684,1 1 937
106, 348, 280 • 229,6:54,217
,
229,014,641
682, 043,
105,531, 280
,512
226,529,216
678,741,368
104, 669, 280
224,831.072
676,1811,175
103, 615, 280
224,481, 879
674, 778,
102. 691, 280
1,047
226,113,751
675,486,
101, 981, 280
1,666
676, 358,
227, 096, 370
101.207,280
1,473
675,
227, 900,177
100, 213, 280
220, 780, 065
:,361
673, 674,
99, 260, 280
227, 261, 650
673, 202,
1,946
98,549,280
',281
97,833,280 • 235, 439, 985 680, 670,
239,629,136
684,143,
1,432
97,193, 280
242,784, 803
,099
686, 659,
96, 523, 280
243,817,870
,,166
687, 022!
95, 982, 280
243,324, 226
,522
685, 987,
95,511,280
,378
685,177,
242, 985, 082
94, 954, 280
1,188
684, 770,
243,134, 892
94,518,280
1
,
242,796, 708 . 683,996, 004
94, 025; 280
242,146,789
682,853 ,085
93, 518, 280
,107
241, 350, 871
93, 080, 280
681, 550,
,349
241, 624, 053
92, 516, 280
681, 385,
242,153; 897
91,167, 280
681,351,193
,519
89, 828, 280
681,220,
243, 372, 223
,920
89, 026, 280
679, 575,
243, 066, 624
1,364
88,320,280
679, 549,
243, 842, 068
,519
87, 871, 280
681, 278,
246, 277, 223
,039
87,198,000
681, 621,
247,068,743
,244
85,375,000
249,516,228
683, 395,
•,354
82, 629, 000
271, 034, 338
703,090,
1,382
79, 440, 000
285, 359, 366
714, 669,
1,775
76, 027, 000
300, 509, 759
726, 690,
,
73, 538, 000
309,640,444
732, 348, 460
,907
70, 388, 000
320, 095, 891
740,314,
67, 714, OOO
324, 304, 325
741, 373,341
,444
328, 416,428
742, 811,
117
TEEASUEEE.
No.
4 3 . — G O L D C E R T I F I C A T E S , S I L V E R CERTIFICATES, AND CURRENCY C E R T I F I CATES OUTSTANDING AT T H E E N D OF EACH MONTH, FROM J U N E , 1878.
Month.
1878—June
July
August...
September
October
Noveraber
December.
1879—January..
February.
March
April
May
. June
July
August —
Septeraber
October
Noveraber
Deceraber.
1880—January . .
February.
March
April
May
June
July
August —
Septeinber
October...
Noveraber
Deceinber.
1881—January . .
February.
March
April
May
Juiie
July
August.. September
October...
November
Deceraber.
1882—January . .
FebruaryMarch
April
May
June
July
August...
September
October
November
December.
1883—January..
February.
March..'..
April
.
May
June......
July
August. - .
September
October
November
December.
188.': - J a n u a r y . .
February.
March
April
May
June
July
August...
Septeniber
October...
November
December.
1885—January. February.
. March
Gold
certificates.
$44, 367,
42,023,
38,016,
32,826,
32,808,
33,962,
21,580,
17,626,
16,779,
16,304,
15,772,
15,413,
15,413,
15,240,
15,128,
14,910,
14,591,
13,379,
12,337,
10,411,
10,082,
8 855,
8 230,
,
8 050,
,
8 004,
7,884,
7,697,
7 511,
7,454,
7,400,
6 658,
,
6 541,
,
6 541,
6 171,
,
5,962,
5,912,
5,782,
5 749,
5 400.
,
5 248,
5 207,
5 207,
5 188,
5 188,
5 188,
5 166,
5 072,
5,055,
5 037,
,
5 017,
4 992,
4 907,
26 360,
35 408,
64 619,
72 776,
74 850,
74 969,
81,333,
83,460,
82,378,
83 4.52,
82 992,
82 495,
83 328,
85 932,
9 031,
1
101 250,
108 443,
104 236,
101 116,
98 812,
98 392,
118 017,
121 719,
120 936,
120 343,
120 075,
119 631,
134 279,
1.53 110,
153 337,
Silver
certificates.
$1,462, 600
3, 607,630
6.133, 880
2. 028, 070
2, 708, 350
2, 273, 520
2,496,130
2, 571,180
• 2, .308,180
2. 326, 530
1, 977, 020
2, 366, 960
2, 466, 950
2, 785, 850
3, 281,850
4, 221, 850
6,135,850
7, 067, 910
8, 712, 910
9,052, 910
9, 369, 920
11, 628, 920
12, 043, 720
12,374, 270
12,374,270
12, 689, 290
13,138, 040
18,521,960
27,113, 960
35, 077, 280
45,582,130
46, 800, 220
47, 884, 260
50,178, 900
50, 680,140
50, 773, 250
51,166, 530
51, 983, 980
57, 578, 310
64,149, 910
66, 327, 670
66, 663, 830
68, 675, 230
68, 999, 670
68, 674, 480
68, 355, 370
67,781,360
67, 736, 220
66, 096, 710
67,119,210
69,440,210
71, 569, 210
73,607,710
73, 095, 660
72, 848, 600
72, 745, 470
73, 295. 970
77, 625, 331
80,771,331
80, 033. 331
88, 616, 831
89, 271, 411
92,651,981
94,490,241
99, 579, 141
101,782,811
109,898,611
110,137, 0.51
110 137,821
116,408,161
116, 374, 231
117,300,091
119,811,691
120,404,341
121,131,921
123, 260,721
131, 556, 531
13.3, 940,121
138,168, 291
141,196, 701
141,419,831
143, 361, 841
Currency
certificates.
$46,815, 000
51, 580,000
49,275,000
40,890,000
35,840,000
37,190, 000
34,700, OOU
41, 200, 000
46,100, 000
27, 725, 000
32, 045, 000
27, 035,000
30, 805, 000
40, 840, 000
35, 335, 000
31, 215,000
22, 510, 000
14, 270, 000
10, 515,000
12,900, OOO
11, 765, 000
8, 495, 000
9,160,000
13, 250, 000
14, 595, 000
15, 665, 000
II, 310, 000
9, 975, 000
8,775, 000
8, 525, 000
7,005.000
8, 630, 000
7, 965, 000
6, 805, 000
8, 295, 000
1 0 860, 000
11, 925, 000
10,740, 000
9, 625, 000
8. 315, 000
8, 310,000
9,045,000
9,590,000
11,400 000
11, 550, 000
11,140,000
11,115, 000
12, 330, 000
13, 320, 000
12, 730, 000
12, 000, 000
10,670,000
9, 945, 000
9, 845. 000
9, 585,000
12, 490, 000
11, 340, 000
9,715,000
10,105,000
11,805,000
13,375,000
12,910,000
12,145, 000
11,945,000
12, 620, uOO
14,465.000
14,560,000
16,880,000
18,215, 000
15, 475, 000
15, 025, 000
11, 050, 000
12, 385, 000
13, 230, 000
14,420, 000
15,945.000
17,855,000
22, 695, 000
24,920, 000
30,130, 000
30, 580,000
27, 215, 000
Total.
$92, 644, 600
97, 211, 030
93, 425, 28J
75,744, 670
71, 356, 350
73, 426, 420
58, 776, 830
61, 397, 880
65,187, 680
46,356,230
49, 794, 620
44, 815, 600
48, 685, 650
58,866,550
53, 745, 550
50,347,750
43,236, 850
34,717,110
31,565, 010
32, 364, 010
31,217,520
28, 979, 420
29, 434, 320
33, 674, 370
34, 973, 870
36, 238,890
32,145, 940
36, 008, 660
43, 343,460
51, 002, 780
59, 246, 010
61, 971, 700
62,390.740
63,155, 700
64, 937,740
67, 545, 850
68, 874, 450
68, 473. 800
72, 604, 230
77, 713, 830
79,845,590
80, 916, 750
83,453,350
85,587, 790
85, 412, 600
84, 662, 290
83,968,480
85,121, 640
84,453, 830
84, 867,150
86, 432, 250
87,140, 650
109, 913,150
118, 349, 200
147, 053, 500
158, 012, 410
159, 486, 710
162, 310,051
172, 209, 951
175, 299, 271
184, 370, 471
185, 633, 451
187, 789, 721
188,930,481
195, 528, 081
202,180, 731
215, 490, 531
228, 267, 671
236, 796, 321
236,119, 561
232, 515, 431
227,162,351
230, 589, 351
251, 651, 661
257, 271, 841
260142,341
269, 754,851
276. 710,471
282,719,441
305,606,231
325,110,051
323, 914, 371
118
E E P O E T ON T H E FINANOES.
N o . 43.—GoED CERTIFICATES, S I L V E R CERTIFICATES, AND CURRENCY C E R T I F I CATES OUTSTANDING AT THE E N D O F EACH M O N T H , FROM J U N E , 1878—Continued.
Month.
1885—April
May
"June
July
August—
Septeuiber
October
Noveraber
December.
1886—January . .
February.
March
April
May
Juiie
July
August —
Sepieraber
October...
Noveraber
Deceraber.
1887— January . .
February.
March..'..
April.
May
June
-..
July
August...
Septeinber
October—
Noveraber
Deceraber.
1888—January - .
February.
March.-\..
April
May
June
July
August —
Septeraber.
October...
Noveraber
December..
1889—January . .
February..
March....
April
May
June
July
August —
September.
October —
Noveraber.
Deceraber.
1890—January . .
Februa'ry ..
Marcli..
April
May
June
July
August
September.
October
November .
December..
1891—January . . .
February . .
March . . . . .
April
May
Juiie
July.......
August
September.
October
November .
December..
Gold
certificates.
Silver
certificates.
.,
$153,1, 860, 090 $141 585, 086
140,,660,776
142,!, 924, 360
139,,901, 646
140,I, 323,1.40
139,, 213, 086
140,I, 611, 320
138,1,792,186
140,',491,720
125,s 379, 706
140,,387,030
125,,053,286
140,', 136, 610
124,, 737,106
140,I, 047, 060
124,,343,776
139,1,710, 080
123., 740, 376
139,I, 345, 660
123,1, 228, 476
139:I, 308, 060
122; 532, 996
137,', 573,^570
121,874,196
137.,112,100
119.I, 595,145
131., 855, 695
115,, 977, 675
131,,174,245
115, 292, 902
.,
126,i, 976, 877
114,,593,252
126,1, 392, 327
117,,943,102
125,, 346,127
117,, 869,102
125,,173,427
110 657,102
K
124 , 990, 327
124,:, 585,102
124 , 701, 409
125,> 053,102
,
124,,508,739
126,1,597,102
124,,214, 595
138,1,143, 338
123 , 803, 625
142,1,748,130
123 ,339,525
144 , 432,492
123 , 062, 335
145,, 543,150
121,, 486, 817
148 , 375, 800
113 , 088, 647
153 ,873,128
111 ,773,547
158,1 274, 667
,
127,, 138, 971
132,:, 542, 931 164,, 165, 451
S
130, 755, 591 172,:, 562, 720
183,,194,993
127, ,744,451
194 ,251,570
125,; 522,181
205,i,-619,128
123,,660,081
121,, 605, 413 210, 896,870
212,,743,041
120,, 414, 793
217,,103,828
143 , 155, 840
229,', 491,772
142 ,023,150
,
227 ,041, 965
• 162; 193, 800
225;,187,728
161,, 341, 750
228,,381,476
160 ,354,600
237,,187,776
166,,777,150
246,,250, 274
166,,706,160
250,1,178, 566
157,, 016,150
250,, 054, 551
156:,030,110
252,1 346, 851
,
155 ,013,530
256,1, 023, 915
155 , 412, 642
258,1,391, 033
157 ,398,222
261, 742, 899
156,r, 394, 802
262,; 629,746
154,, 028, 552
265,, 208, 396
153 ,211, 352
274,:, 722,196
162,,950,752
280,', 497, 767
158,1,749,152
279,r, 648, 317
155,,863, 052
279;, 213, 560
154,, 151, 209
285,,202,039
154,, 301, 989
284 , 585, 889
159,,110,039
288,,239,639
158,,827,639
.,
294,, 013, 453
150 552, 289
297 ,361, 953
158:, 785, 039
299,, 592,106
158
301 ,539, 751
157, 261, 519
160, , 542, 979 302:, 191,171
308:, 423, 071
157,I, 021, 869
311 , 173, 571
174,,388,269
310, , 649, 374
174,,163,519
310, 553,024
^
175,:, 650, 669
309,1,855, 778
175,, 072, 069
307,, 062, 874
175,., 431, 969
307,, 168,474
172;, 731, 499
313,, 389, 782
168 ,274, 899
316, 242,857
,,
166,,367,529
-,
158, 199, 999 315,, 551,153
314,:, 715,185
152,, 902,149
315,i, 489, 459
149,, 456, 429
324,,213.209
145., 720, 209
324 , 936, 559
140, 994, 359
323 , 668, 401
150,784,059
324 , 274,918
161i, 890,739
324 , 772, 318
165,, 852,139
,578,839
Currency
certificates.
Total.
$25, 450,000
176
$320, 895,
27: 240, 000
310,825 136
29, 785, 000
310, 009 786
31 680,000
311,504 406
31 560, 000
310, 843 906
23: 880,000
289, 646 736
18, 555, 000
283, 744 896
17 765, 000
282, 549 166
14, 055,000
278, .108 856
14, 850, 000
277,936 036
15: 305, 000
277,841 536
12, 765,000
272, 871 566
11, 740, 000
270, 726;296
14, 540, 000
265, 990 840
18, 500,000
265,651 920
19, 575, 000
261, 844 779
12, 705, 000
253, 690 579
7 855,000
251,144 229
7, 160,000
250, 202,529
7, 305, 000
251, 952 429
6,710, 000 • 255,990 511
8,820, 000
2.58, 381 841
8, 430,000
259, 241 697
7, 545, 000
269,491, 963
510,000
274, 597,655
400, 000
276,894 827
080, 000
276,109 967
810, 000
270,274 447
550, 000
273,196 675
685,000
292, 098 638
385,000
304, 093,382
155,000
310,473, 311
115, 000
318, 054 444
925,000
330,698 751
655,000
340,934 209
565, 000
342, 067 283
655,000
343,812 834
700, 000
372, 959 668
665, 000
386,179 922
305, 000
404, 540 765
735,000
401,264 478
310,000
402, 046 076
970,000
415, 934:926
510,000
424, 466 434
720, 000
417,914 716
010,000
420, 094 661
200, 000
423, 560 381
960,000
426, 396,557
690,000
430, 479,255
420, 000
434, 557,701
975, 000
433,633 298
605,000
436, 024 748
948
005, 000
454, 677 919
045,000
455,291 369
860, 000
448, 371 769
750, 000
444,114, 028
570,000
449,074 928
720, 000
455, 415 278
480,000
457,547 742
650,000
462,215 992
935,000
465, 081,625
195,000
468, 048,730
280,000
471, 362 040
860.000
474, 073,340
230,000
475,041 090
170, 000
492,507 043
930, 000
492, 236 093
590, 000
492, 215,747
820,000
492,107 373
500,000
494, 294 373
530,000
491,973 311
675, 000
493,432 856
270, 000
496, 712 302
060,000
492, 513,614
790, 000
489, 961,668
445,000
492, 654,568
185, 000
499,392, 618
835, 000
485, 555,140
095,000
491, 654,057
135.000
496,262, 157
465, 000
499,816,
119
TREASURER.
N o . 4 3 . — G O L D C E R T I F I C A T E S , S I L V E R CERTIFICATES, AND CURRENCY C E R T I F I CATES OUTSTANDING AT THE END OF E A C H M O N T H , FROM J U N E , 1878—Continued.
Month.
1892—January - .
February.
March . . . .
April
May
June
..
July
"..
August.. September
October...
November
Deceraber.
1893—January . .
February .
March
April
May
June
July
August.. Septeraber
October...
Noveraber
December.
1894—January . .
February .
March
April
May
June
July
August -..
September
October--NoA^eraber
Deceraber.
1895—January..
February March . . . .
April
May
June
July
August--September
October. - November
D e c e m ber1896—J a n u a i y . February .
M a r c h -'...
April
May
June
July
August...
September
October...
November
December
1897—January. February.
March
April
May
Juiie
July
August - - Septeraber
October...
Noveraber
Deceraber.
1898—January . .
February .
March
April
May
Juiie
July
August-..
September
Gold
certificates.
Silver
certificates.
$180, 665,769
178, 151,419
178, 002,999
175, 644,879
171 765, 729
156, 598, 929
154 600.329
152, 234, 589
146, 555,989
143, 437, 339
142, 821,639
1*41 347, 889
136, 375, 589
122, 170, 989
116, 621,439
11.4, 160,339
104 794, 639
94; 041,189
87. 704, 739
80, 979,419
79, 756,819
7i 005,169
78, 312,169
77, 487,769
' 7 7 093, 769
7 1 042,219
70, 444, 219
70, 093, 21.9
69, 416,199
66, 387,899
66, 050, 699
65, 703, 69.9
64, 845, 699
64 308, 349
677,269
59, 420, 869
53, 984, 869
52, 587,869
51 927, 849
48, 814, 649
48, 641,959
48, 469,959
48, 336, 909
48; 290,909
49, 748,909
50, 585,889
50, 341, 889
50: 099, 889
50, 978, 989
40 384,489
44; 822,469
43, 817, 469
. 43: 649,189
43, 818,189
42; 687,189
40 486,189
40 328, 539
40 588,139
39; 433,139
39, 279,789
39, 046,789
39, 046, 789
39, 939, 689
38, 939, 689
,38, 843,169
38, 782,169
38, 700,169
38: 527,169
38, 434,169
348,169
274,149
128,149
062,149
U15,149
927,149
555,149
486,149
420, 149
287,149
119,149
990, 799
$326, 354, 643
$16, 850,
,,000
$523, 870. 412
328,421,343
1,000
536, 012, 762
29, 440,
329, 272,852
1,000
538, 495,851
31, 220,
,000
536, 693, 881
330, 499, 002
550,
30,
,000
536, 689, 731
330, 904,002
34, 020,
1,000
518, 533, 233
331, 614, 304
30, 320,
,000
514 109, 633
331, 809, 304
27, 700,
,
331, 068, 304
22, 770, 000- 506, 072, 893
,000
494, 285, 293
329, 469, 304
18, 260,
1,000
481, 397,643
326,850, 304
11, 110
,000
326, 251, 304
477; 572, 943
8,500,
,000
325,783,.504
7 590,
474, 721, 393
328,146, 504 . 15, ,000
030,
479, 552, 093
,000
328, 029, 504
469, 960,493
19, 760,
,000
328, 226, 504
461, 937, 943
17, 090,
1,000
326, 806, 504
456, 946,843
15, 980,
1,000
328, 766,504
451 341,143
17, 780,
1,000
330, 957, 504
437, 363,693
12, 365,
1,000
333.031,504
429, 076, 243
8,340,
i,000
329; 088, 504
415, 732, 923
5,665,
1,000
330, 864, 504
418, 906, 323
8,285,
sOOO
333,444, 504
434, 874, 673
22, 425,
sOOO
334,138, 504
445, 775, 673
325,
33, ,000
334, 584, 504
451, 157,273
39, 085,
,000
336, 919, 504
458, 988, 273
975,
44, ,000
338,061,504
456, 908, 723
47, 805,
1,000
461, 726, 723
338, 202, 504
080,
53, 1,000
467, 176,723
339, 673, 504
57. 410,
,000
468, 448,703
339, 062, 504
59. 370,
,000
462, 771, 403
337,148, 504
59, 235,
,000
464, 525, 203
336, 519. 504
61, 955,
463, 199, 203
;ooo
338, 710,504
58, 785;
460. 827, 203
339, 676, 504
305,
56. ,000
456, 345, 853
337, 712, 504
,000
54. 325,
455, 291,773
337, 629, 504
,000
57, 985,
439; 310, 373
336, 924, 504
,000
48. 965,
428, 026, 373
333,796,504
,
41, 245, 000
422. 050, 373
333,107, 504
,000
37, 355,
417, 614,353
331,121, 504
,000
37, 565,
417 104,153
330, 914, 504
,000
37, 375,
425, 322,463
328, 245, 504
,000
48, 435,
119, 463
328, 894. 504
,000
433; 309, 413
55, 755,
,000
330, 932; 504
436, 889, 413
57 040,
,000
331, 513, 504
457, 561,413
77, 085,
,000
338, 297, 504
456, 010,393
67, 515,
1,000
342, 409, 504
450, 404, 393
57 015,
sOOO
443, 252, 393
344, 327, 504
48, 735,
I,
430, 218, 493
345, 702, 504
34 450, 000
,
425: 831, 993
345, 994, 504
29 245, 000
,000
421 827, 973
070,
344, 377, 504
33,
1,000
426, 524, 973
348, 325, 504
34 680,
,000
427, 261, 693
350, 412, 504
33 295,
424, 427,693
sOOo
346, 942, 504 -33 670,
417, 869,693
342, 619, 504 "31 990,
1,000
426, 915, 693
344, 032, 504
1,000
42 150,
436, 520, 043
357,204, 504
1,000
39 225,
439, 111, 643
364, 476, 504
.,000
34 715,
441 846, 643
1,000
366, 463, 504
35 060,
445, 993, 293
1,000
367, 903, 504
38 510,
460, 577,293
1,000
370, 883, 504
50 830,
477, 427, 293
,000
373, 015, 504
65 515,
489, 571,193
1,000
373, 585, 504
76, 795,
490. 411,193
1,000
376, 561, 504
75 070,
488, 753,673
377, 531, 504
71 940. 000
479, Oil, 673
,000
374, 345, 504
66 565,
476, 599, 673
1,000
375, 479, 504
61 750,
474, 289, 673
.,000
372, 404, 504
63 495,
481, 736, 673
1,000
379,112, 504
63 650,
477, 143,673
385,152, 504 • 54 1,000
150,
471, 127, 653
.,000
384,170,504
48 625,
472, 608, 653
,000
384, 963, 504
48 890,
470, 682,653
,000
387, 925, 504
44 555,
475, 583, 653
,000
388, 475, 504
49 145,
480, 787, 653
,000
391, 908, 504
50 660,
473, 615, 653
,000
230,
394,630,504
41
461
. 000
396, 325, 504
27 735,, 000 461 818, 653
,
581.653
397, 732, 504
26 600,
462, 284, 653
,000
398, 556, 504
26 605,
459, 786, 653
,000
398, 922, 504
23 075,
458, 508,303
1,000
401,1.07,504
20 560,
455,
,000
400, 062, 504
18 455,
Currency
certificates.
Total.
120
EEPOET
ON T H E FINAiSfOES.
N o . 4 3 . — G O L D CERTIFICATES, S I L V E R C E R T I F I C A T E S , AND C U R R E N C Y C E R T I F I CATES OUTSTANDING AT T H E END O F EACH M O N T H , FROM J U N E , 1878—Continued.
Gold
certificates.
Month.
$36,940,149 $398, 753, 504
36, 901, 049 399,163, 504
36, 808, 999 399, 430, 504
34, 669, 999 399, 631, 504
34,592, 729 402, 289, 504
34, 526, 829 402, 627, 504
34,486, 829 404, 026, 504
34,434, 829 405, 257, 504
34, 297, 8.19 406, 085, 504
34, 251, 519 407, 027, 504
82,218,419, 407, 278,504
135, 501,119 405,197, 504
152,438,119
400, 633, 504
174,896,119
400, 643, 504
184, 844, 619 401, 464, 504
208,213,819
405, 363, 504
407, 375, 504
210,260,779
210, 757. 779 409,723, 000
224, 399, 779 413,495, 000
229, 884,179 415,475,000
227, 797,179 416,015,000
229, 000,179 419,153, 000
235. 975, 679 424, 212, 000
239, 826, 679 425,153, 000
1898—October...
November
December.
1899—January . .
February.
March
April
May
June
July . , - . . .
August...
September
October...
November
Deceinber.
1900—January. February.
March
April
May
June
July
August - . .
September
No.
44.—ESTIMATED
Month.
1878—June
July
August
S eptember . -.
October
November
December
1879—January
Februa'ry
March
-...
April
May
June
July......-.-.
August
September
October
Noveraber
Deceraber
1880—Jauuary
February
March.,-'
April
May
June
July
August
September
October
November
December
1881—January
February
March
April
May
Juiie
July
-...
August
Septeraber
October
November
December
1882—January
Februa'ry
March
,
Silver
certificates.
STOCK OF ALL K I N D S OF M O N E Y
MONTH, FROM J U N E , 1878.
Gold.
$213, , 199, 977
215, ,848, 736
218, , 186, 311
221, , 300,413
226, ,043,368
228, , 625, 207
231, ,645,490
234, , 199, 478
236, 846, 728
239, , 583, 620
241, , 953,581
244, ,414,180
245, , 741, 837
248, ,058,439
256, , 846, 088
286, , 656, 727
307, , 964, 532
327, , 697, 367
336, ,540,249
339, , 524. 612
342, ,254, 473
344, 394, 974
346, 887, 214
349, 319,297
351, 841,206
354, 455,084
365, 940, 999
387, 138. 517
405, 656,138
417, 422, 204
436, 201, 090
443, 342, Oil
446, 079,544
455. 519,966
473, 214, 787
476. 347, 500
478, 484, 538
481. 330,029
488. 785, 577
501, 50.^ 052
511, 530, 601
516 999, 679
521, 820 768
525. 065,589
520, 510, 021
520, 327, 747
Silver.
Notes,
$87, 693, 799 $669, 600, 826
90, 237, 684
668, 626, 431
94, 954, 759
668, 322, 549
667,442, 666
98, 743,150
99, 903, 755 . 667,802,057
104,239, 850
668, 713, 378
105, 949, 417
669, 489, 576
109, 290, 642
670, 090, 211
111, 284, 752
671,717,492
672, 774,418
.112,595,406
675,123, 982
113, 609, 788
675, 357, 763
115, 035, 994
117,143, 551
675, 643, 089
119,030,899
675,925,909
121, 828, 027
676, 743,729
124, 094, 659
680, 330, 752
683, 262, 640
125, 864,170
129, 366, 734 686,175,090
688,533,258
132,104,198
135,167, 503 689, 868, 446
137, 322, 864 689, 922, 267
139, 452, 288 690, 630, 417
142, 890, 470 691,219,600
145, 221, 418 691, 35!), 243
147,721,556
690,571,917
151,060,734
690, 462, 727
153. 714, 409 690, 338, 963
155, 294, 977 690, 128,758
158,161,650
690, 060. 412
160, 775, 739 689, 978,176
163,110, 894 •690,473, 848
166, 033. 933 690, 532,139
167, 095,110 689, 923, 494
168,158,138
693, 735, 178
170, 406, 017 698, 728,113
172,401,693
700, 285, 909
174,769, 715 701,298,131
176, 700, 503 703, 594, 249
178, 799. 548 704 130, 922
181,127, 330 705, 086, 656
184.298,180
700 544,016
186, 290, 775 708, 190,666
.18!), 246,030 708.538.484
191.226,186
708.561.780
19!, 102. 063 707, 776, 666
197, 06.-.,.542 707,596, 803
Currency
certificates.
$20,105,000
20, 640, 000
20,685,000
22, 570, 000
23,135, 000
22, 895, 000
21, 325, 000
21,-800, 000
21, 325, 000
20,055,000
19,430,000
16,100, 000
13,765,000
13, 695, 000
12, 350, 000
14, 600, 000
15,370,000
14, 645, 000
7, 470, 000
4, 785, 000
3,705,000
2, 680, 000
2, 560, 000
1, 820, 000
Total.
$455, 798, 653
456, 704, 553
456, 924, 503
456,871,503
460, 017, 233
460, 049, 333
459, 838, 333
461, 492, 333
461, 708, 323
461, 334. 023
508, 926, 923
556, 798, 623
566, 836, 623
. 589, 234, 623
598, 659,123
628,177, 323
633, 006, 283
635,125, 779
645, 364,779
650,144,179
647,517,179
650, 833,179
662, 747, 679
666, 799,679
AT T H E E N D OF EACH
Certificates.
$92,644, 600
97, 211. 030
93,425,280
75, 744. 670
71, 356, 350
73, 426,420
58,776,830
61,397, 880
65,187, 680
46, 356, 230
49, 794, 620
44, 815, 660
48, 685, 650
58,866,550
53, 745, 550
50, 347, 750
43, 236, 850
34,717.110
31,565.010
32, 364, 010
31,217,520
28, 079, 420
29, 434, 320
33,674, 370
34, 973, 870
36,238, 890
32,145, 940
36, 008, 660
43, 343, 460
51, 002,780
59, 246, 010
61.971, 700
62,390, 740
63,155, 700
64, 937, 740
67, 545, 850
68, 874, 450
68,473,800
72, 604, 230
77, 713, 830
79, 845, .590
80, 916, 750
83, 453, 350
85,587,790
85, 412, 600
84, 662,290
Aggregate.
$1,063,139,202
1,071,923,881
1, 074, 888, 899
I, 063, 230. 899
1, 065,105, 530
I, 075, 004, 855
1, 065. 861. 3131..074, 978, 211
1, 085, 036, 652
. 1, 071, 309, 674
1, U8U, 481, 971
1, 079, 623, 597
1, 087, 214,127
1,101, 881, 797
1,109,163, 394
1,141,429.888
1,160, 328,192
1,177. 956, 301
1,188, 742, 715
1,196,924,571
1,200,717.124
1, 203, 457, 099
1,210,431,604
1, 219, 574, 328
1, 225,108, 549
1, 232,217,435
1,242,140,311
1,268,570 912
1,297,221,660
1,319,178. .899
1, 349, 031, 842
I, 361, 879, 783
1,365.488,888
1, 380,568, 982
1, 407, 286, 657
1,416,580,952
1,423, 426. 834
1. 430, 098, 581
1,444, 320. 277
1,465,432.868
1,482, 518. 387
1, 492, 397, 870
1, 503, 065, 232
1,510,441,345
1, 506, 801, 350
1, 509, 652, 382
121
TEEASUEEE.
No.
44.—ESTIMATED
STOCK O F ALL K I N D S OF M O N E Y AT T H E E N D OF EACH
M O N T H , FROM J U N E , 1878—Continued.
Month.
1882—April
May
June
July
August . . .
Septeraber
October . . .
November.
December .
883—January...
February .
March
April
May
June . . . . . .
July
August . . .
September
October . . .
Noveraber.
December.
1884—January...
February..
March
April
May
June
July
August . . .
SeptemberOctober . . .
NovemberDeceraber.
1885—January-..
February..
March
April
M ay
June
July
August . . .
Septeraber.
October . . .
Noveraber.
December .
1886—January...
February .
March
April
May
Juue . . . . . .
July . - . : . .
August . . .
Septeraber
October . . .
Noveraber.
Decera ber .
1887—January...
February .
March
April
May
June
July
August - - .
Septeraber
October . . .
NoveraberDeceraber.
1888 - J a n u a r y . . .
February .
March . ' . . .
April
May
June
July . . . . . .
August . . .
September
October . . .
November.
December.
Gold.
$520, 743, 599
509,865,821
506, 757, 715
504, 652, 252
505, 926, 675
509, 319, 382
515, 536,933
520, 212, 752
524, 670, 762
528,433,158
530,465, 211
535, 912, 647
538, 660, 540
540,444, 206
542,732, 063
544,812,562
548,409,207
552,197,749
558, 078, 263
563, 790, 328
566,108,185
568,231, 447
566, 994, 208
557, 424,889
541,139,407
541, 805, 689
545, 500, 797
549, 706, 663
554,371, 214
557, 853,406
562,194,144.
572, 025, 389
576,118, 500
578, 828,967
581,162,973
584,108, 358
585,874,765
587.127, 395
588, 697, 036
589, 979, 734
592, 378,180
597, 236, 584
600,445,130
607,126, 884
612, 980, 956
614.128, 979
611, 484, 909
604, 428, 341
601, 990, 691
596, 868, 058
590, 774,461
592, 725, 907
600, 098,404
607,-329, 358
615,023, 046
626, 523,113
640,41.8, 278
645, 869, 918
646, 880, 837
649,194, 324
650,578,766
655,423, 246
654,520, 335
658, 646, 711
663, 589, 790
681, 793, 520
695,130, 375
699, 111, 494
704.703,330
70O 471, 081
707.848,344
708, 518,186
711,369,409
706; 262,491
705, 820,471
705,158,196
707, 481, 335
709, 881,170
711, 705, 050
709, 994, 448
704, 608,179
Silver.
Notes.
$198,192,373 $707,044, 905
201, 037, 464 705, 706, 070
202, 804, 268 704, 233, 580
204, 593, 940 704, 655,158
206. 977, 696 706, 515, 446
209,934, 955 708,937, 678
212, 948, 203 708,460,351
215, 049, 230 708, 372.585
218,117, 713 708, 563, 806
219, 905, 788 707, 991, 864
222, 562, 254 707,105,113
224, 976, 536 705, 873, 019
226, 906,129 705, 227, 970
229, 978, 907 704,138, 266
232, 698,415 702, 753, 224
234,652,939
701, 794, 839
236, 725,962 700, 587, 890
239,014,417
699,409,130
240, 718, 023 698, 209,436
242, 281, 039 696,981, 900
244, 070, 406 696. 630, 367
246, 085, 568 695, 361, 822
248, 206,150 692, 465,957
250,155, 675 690,716, 521
252, 087, 795 688, 897, 543
253, 395, 212 686, 699, 525
254, 672, 855 685, 373, 628
257, 519,158 683,746, 371
259, 962,159 682, 812, 980
262,496, 335 681, 724,954
264, 531, 618 679, 688, 788
267, 087,161 677, 461, 499
269, 378, 723 675, 073, 348
271, 634, 641 672, 730, 923
273, 285, 380 670, 317, 136
667, 578, 411
275,605,135
666, 096, 820
278,143,019
280,574, 004 663, 670,262
282, 863, 087 663,538,097
284, 679,132 662, 059, 857
286,985, 584 662,112, 723
289, 645, 654 663,029,138
292, 080,160 661, 960,103
294, 333, 673 663, 429, 863
297, 057.181 663.193, 319
299, 223, 016 663, 681,178
300, 779, 294 663, 682, 268
S03, 261, 523 661, 831,405
306, 031, 394 659, 042, 890
308,158, 727 657,849,181
655,191, 907
311,876,421
314, 497, 780 652,919, 554
650, 930, 631
316,918,138
320.123, 079 649, 780, 828
322, 978, 222 647, 990, 306
326, 093,143 645, 825, 292
329,468. 886 643, 253, 088
332,494, 035 639; 463, 743
335, 274, 667 635,545.813
342, 241. 803 633, 631, 727
347, 001. 639 631,474,327
349, 903, 900 628, 663,423
353,455, 351 625, 598, 089
355. 357, 723 622, 969, 328
620,809,845
357,740,514
360, 794. 991 619, 402, 546
364, 257, 375 618, 596, 274
366, 884, 948 616, 371, 394
369, 398,109 . 61.5,044,870
372,410, 869 612, 383, 650
375,178, 309 609.133, 609
377,714,653
606, 678, 220
380,277,114
605,107, 517
382, 743, 968 602, 262, 289
386,450, 920 598, 884, 957
388, 285. 686 596.134, 751
390, 876, 229 593, 028, 0.43
393, 948, 394 590,210 018
396, 890, 485 585, 939, 233
399, 901, 346 583, 007,888
402, 941, 41U 580, 235, 208
Certificates.
$83, 968,480
85,121, 640
84,453,830
84, 867,150
86,432, 250
87,146,650
109, 913,150
118, 349, 200
147, 053,500
158, 012,410
159,486,710
162, 310,051
172, 209, 951
175, 299,271
184, 370, 471
185, 633,451
187, 789,721
188, 930,481
195, 528, 081
202,180, 731
215,490, 531
228, 267, 671
236, 796, 321
236,119, 561
232, 515,431
227,162, 351
230, 589, 351
251, 651, 661
257, 271, 841
260,142,341
269,754,851
276,710, 471
282, 719,441
305, 606, 231
325,110, 051
323, 914, 371
320, 895,176
310, 825,136
310, 009, 786
311,504,406
310, 843, 906
289,646,736
283,744,896
282, 549,166
278,108, 856
277, 936, 036
277, 841,536
272,871,566
270, 726, 296
265, 990, 840
265, 651, 920
261, 844,779
253,690,579
251,1.44,229
250,202, 529
251, 952, 429
255, 996, 511
258, 381, 841
259,241,697
269,491,963
274, 597,655
276, 894, 827
276,109,967
270,274,447
273,196, 675
292, 098. 638
304,093, 382
310,473, 311
318,054, 4.44
330, 698, 751
, 340, 934, 209
342, 067, 283
343, 812, 834
372, 959, 668
386,179, 922
404, 540, 765
401, 264, 478
402. 046, 076
415, 934, 926
424, 466,434
417, 914, 716
Aggregate.
$1, 509, 949,357
1, 501, 730,995
1,498, 249, 393
1, 498, 768, 500
1, 505, 852,067
1,515, 338, 665
1, 546,858, 637
1, 561, 983,767
1, 598,405,781
1, 614,-343, 220
I, 619, 619, 288
1, 629, 072,253
I, 643, 004, 590
1,649,860, 650
1, 662,554,173
1, 666, 893, 791
1, 673, 512, 780
I, 679,551, 777
1, 692, 533,803
1, 705, 233, 998
1, 722, 299,489
I, 737, 946,508
1,744,462,636
1, 734,416, 646
1, 714, 640,176
1,709,062,777
1, 716,136, 631
1,742,623, 853
1,754,418", 194
1.762,217,036
1, 776,169,401
1,793, 284,520
1, 803, 290,012
1, 828,800, 762
1, 849, 875, 540
1, 851, 266, 275
1, 851, 009, 780
I, 842,196,797
1, 845,108,006
1, 848, 223,129
1, 852, 320, 393
1,839,558,112
1, 838,230, 289
1,847, 439, 586
1.851,340,312
1, 854, 969,209
1, 853, 788, 007
I, 842,392, 835 .
1, 838, 691, 271
1, 828,866, 806
1, 823, 494, 709
1,821;,988.020
1,821, 637.752
1, 828, 377,494
1, 836,194,103
I, 850, 393,977
1, 869,136,763
1,876,209,537
1, 876, 943, 014
1, 894,559, 817
1,903,652,387
I, 910,885, 396
1, 909, 683,742
1, 907,248, 209
1, 915, 336. 824
1,954,089,695
1, 982; 077,406
1,992,841,147
2, 007, 200, 753
2,021,964,351
2, 033, 094, 471
2. 034,978, 342
2, 040, 566, 874
2, 064, 228, 416
2, 077, 336.270
2, 094,119, 398
2, 092, 650, 085
2,096, 085, 658
2,110,469,694
2,117.370,116
2,105,699,513
122
No,
E E P O E T ON T H E FINANCES.
44.—ESTIMATED
STOCK OF .ALL K I N D S
OF M O N E Y AT T H E E N D OF EACH
MONTH, FROM J U N E , 1878—Continued,
Month.
1889—January...
February .
March
April
May
June
July
August ...
September
October...
November.
December.
1890—January...
February .
March
April
May...
June
July
August . . .
September
October . . November.
December.
1891—January...
February .
March
April......
; May
June
.July
August ...
September
October . . .
November.
Decera b e r .
1892—January-..
February..
March
April
May
June
July
. August ...
Septembei-October . . .
November.
December.
1893—January...
February..
March
April
May
June
July
August ...
September.
October . . .
NovemberDecember.
1894—January-..
February..
March..'.-.
April
May-Juiio
July
August ..September.
October . - .
Noveraber.
Deceraber .
1895—.January...
February..
March
April
May
June
July
A u g u s t . -.
September
Gold.
$705, 758,
705, 954,
704, 773
705, 611
698, 260
679, 559
675, 558.
679, 859,
681, 819
684,194
685,749
689, 524
690, 980
692,100
693, 850
695,189
696, 579
696, 008
691,651
689, 273,
693, 026,
694,867
698,861
704,100
707, 008,
705, 584,
700, 904
689, 495
661,993
646. 591
644,458
647,489.
653, 308
670, 545,
677, 774
686,845.
690, 586,
689, 936,
687, 758
681, 239
680,438
664, 345
657, 753,
653, 698,
652,130
655. 513,
657, 966
651, 330
640, 515,,
627, 490,
626,177,
613, 042
604, 464
592, 089:
603, 723:
645, 889,
657, 505
661, 395
666,180,
666, 906
670, 023
674, 293
672, 558
668,087,
644, 866
629,091
620, 026
618, 293
623, 792
625, 795
630,139
625,107
603, 543
607,161
618, 980
623,109
631,461
636,168
641,132
629,198
613,441
Silver.
$405,, 682, 583
.
408,, 369,220
I
411,
,206,300
414,
,327,274
417, 066, 241
,
420,
1,712,909
422,, 996,959
1
425,, 472, 554
.
428,
,440,671
430,, 974, 953
I
433,, 648, 087
1
437,
,228,410
440,, 802, 405
I
443, 813, 845
,
447,
,393,242
449,, 650 406
'
452,, 109, 947
;
456,
1,950,. 685
460,
,003,325
464,
,218,103
468,
1,988, 835
475, 176, 849
',
480,
1,567,438
485, 919, 803
i
,
490,, 540, 824
'
494, 970, 840
,
501, 215, 806
,
505, 818, 674
s
509, 962, 377
\
515,, 335, 939
.
520,, 349, 998
'
524,957,388
529, 019, 947
I
,
534,
,357,565
538,, 440, 982
1
542,, 079, 363
1
546,, 721,199
1
550,, 682, 746
I
555,, 550, 397
.
559,, 401, 967
'
563, 262, 767
1
,
567,
,269,118
572,, 396, 329
i
575,, 923,198
'
579,, 211, 096
I
583,, 269, 976
1
587, 598, 080
,
592,, 519, 721
1
595, 777,406
.
,
596, 874, 470
;
,
602,, 953, 757
!
606:
1,881,216
611 ,179,657
614 , 762, 482
615,, 174, 063
.
618,, 569, 277
1
621,171,958
622,, 571,105
:
623,. 555,170
1
624, 034,858,
623, 589, 495
,
623,
,066,534
623,
,214, 791
623, 188, 898
,
622,, 091, 895
!
622,
1,723, 430
623,
,091,024
623, 126, 683
,
622, 335, 364
!
,
622, 705, 383
],
623, 859, 290
,
624 , 596, 632
624, 671,443
,
624, 449,865
,
624: 050, 783
,
623 ,880, 293
624, 181, 708
,
624, 541, 631
,
625,
,025,364
624,
,122,346
624, 233, 595
Notes.
$575, 722,
570,929,
567, 709,
565,187
561, 967,
557,878;
554, 674,
552, 444,
550, 248,
548, 606,
546, 227,
543, 768,
541,128,
538,681
536,955,
535,945,
534, 042,
532,429,
530, 934
533, 424,
536,352,
540,240,
544, 268,
547, 859,
550, 788,
553, 254,
555, 309,
558, 639,
561, 209,
564, 486,
569, 841
577.501
582, 717,
587, 590,
592.634,
597, 086,
601,439,
604, 539,
608, 812,
612, 386,
616, 572,
621,076,
624, 774,
628, 720,
631, 952,
635, 724,
641, 092,
645, 831,
649, 018,
653.971
658, 265,
662, 606,
667, 035,
672, 585,
678, 722,
695, 543,
706, 690,
708, 728,
709,082,
708,380
707, 614,
707,161
707, 457
707, 327,
706,605,
706,618,
706, 667,
706,424,
705. 854.
705, 386,
704, 346,
704,110,
702,730,
702,429,
704, 552,
705, 985;
706, 204,
704. 460,
703, 543,
703, 515,
703,199,
Certificates.
423,
426,
430,
434,
433;
436,
454,
455
448,
444,
449,
455,
457,
462,
465,
468,
471,
474
475,
492,
492,
492:
492:
494,
491
493;
496,
492,
489,
492,
499,
485,
491
496,
499,
523,
536,
.538,
536:
536,
518,
514,
506,
494,
481
477,
474,
479,
469.
461
456,
451,
437,
429,
415
418:
434,
445,
451
458,
456,
461
467,
468,
462,
464
463,
460,
456,
455,
439,
428,
422,
417,
417,
425,
433,
436,
457
456,
661
381
557
255
701
298
748
948
919
369
769
028
928
278
742
992
6^5
730
040
340
090
043
093
747
373
373
311
856
302
614
668
568
618
140
0.57
157
412
762
851
;881
731
233
633
893
293
643
943
393
093
493
943
843
143
693
243
923
323
673
673
273
273
723
723
723
703
403
203
203
203
853
773
373
373
373
353
153
463
463
413
413
413
-Aggregate.
107,
108,
110,
115,
111,
091,
089,
112,
115,
112,
109,
119,
128,
132,
140,
145,
150,
156,
156,
161,
190,
202,
215,
229,
242,
245,
250,
250,
225,
216,
227,
249,
250,
284,
305,
325,
362,
381,
390,
389,
396,
371,
369,
364,
357,
355,
364,
364,
364,
348,
349,
339,
334,
316,
326,
375,
404,
427,
444,
450,
460,
461,
464,
465,
442,
421,
414,
411,
412,
410,
413,
,393,
358,
356.
365,
370,
387,
400 <
414,
397,435,813
123
TEEASUEEE.
No.
44.—ESTIMATED
STOCK
OF ALL K I N D S
OF M O N E Y AT T H E E N D OF EACH
MONTH, FROM J U N E , 1878—Continued.
Month.
Gold.
1895—October . . .
November.
December.
].S96 _ J a n u a r y - - Februa.ry..
March
April
M ay
June
July
August.--Septeraber.
October . . .
November.
Deceinber.
1807—January . February .
March
April
May
June
July
August ...
Septeraber
October - - November.
December.
1898—January...
Februa;ry .
March
April
May
June
July
August ...
September
October . . .
November.
December.
1899 - J a n u a r y . . .
February..
March
April
May
June
July
August -..
September.
October . . .
November.
Deceraber.
19U0—January...
Februa'ry .
March
April
May
Juiie
July
August ...
Septeraber
Silver.
Notes.
Certificates.
Aggregate.
542, 432 $625, 269, 990 $701, 660, 926 $450, 010, 393 $2, 395,483, 741
443,404, 393 2, 379,790, 910
700, 224, 894
609, 820, 049 626, 341, 574
430, 252, 393 2, 351,433, 083
698,169, 269
597, 927, 254 625,084,167
598, 956, 043 626, 438, 630
697, 501, 843
425, 218, 493 2, 348,115, 009
2,361, 929, 258
612, 989, 590 626, 525, 462
700, 582, 213
421,831,993
617, 797, 966 626, 693, 799
704, 078, 323
426, 827, 973 2, 375,398, 061
626, 677,986
622, 672,115
703,939,633
427, 524, 973 2, 380,814, 707
607, 183, 582 626, 273, 881
424, 261, 693 2, 361,073, 387
703, 354, 231
625,574, 517
600, 148,847
417, 427, 693 2, 345.515, 900
702, 364,843
626, 273, 505
595, 306,169
426, 869, 693 2, 349,503,705
701,054,338
2, 370 566.103
603, 821,169
436,915,693
626, 793, 049 703,036,192
641, 542,801
439, 520, 043 2, 413,773,818
627, 386, 321 705, 324, 653
2, 446,092, 475
671. 664,812
441, 111, 643
628, 421, 280 704, 894, 740
686, 256, 984 629, 407, 641 703,757,186
445, 846, 643 2,465, 268, 454
692, 947, 212 630, 299, 390 702,160, 414
460, 993, 293 2, 486,400, 309
2, 506,593, 357
697, 855, 251 630, 986, 855 700,173, 958 477,577,293
702, 521, 724 631, 747, 623 698, 467, 623
489, 427, 293 2, 522,164, 263
2, 526,349,214
706, 368, 560 631, 802, 024 697, 607,437
490,571,193
708, 084, 485 632,450, 262 696, 265, 280
488, 411,193 2, 525,211,220
701, 929, 314 633,079,041
694, 339,137
479, 753, 673 2, 509,101,165
697, 223,332
632, 023, 665 692,989,982
476, Oil, 673 2, 498,248, 652
697, 118,880
691, 439, 552
632,521,144
474, 599, 673 2, 495,679. 249
703, 082, 728 631, 390,442
689, 946, 970
481, 289, 673 2, 505,709, 813
712, 660, 417 631, 803, 932 688, 294, 266
477, 736, 673 2, 510,495,288
729, 661, 210 632, 981, 651 680126,571
471,143, 673 2,519, 913,105
738, 584,008
684,108, 513
472,127, 653 2, 528,586, 363
633,766,189
745, 037, 590 634, 503, 065 682,043,937
470, 608, 653 2, 532,193,251
752, 316, 476 635,110,396
678,741,512
475, 682, 653 2, 541,851, 037
757, 948,853
076,181,368
635,150 550
480, 583, 653 2, 549,864, 424
793, 033, 076 635,613,934
674,778,175
473, 787, 653 2, 577,212. 838
834, 228, 646 636,041,564
675, 486, 047 461, 615, 653 2, 607,371,910
857, 273,145
635, 710, 463 676, 358, 666 461, 818. 653 2, 631,160,927
2, 638,768, 500
863, 784, 929 636, 613, 445
675, 788, 473 462,581,653
870 384,447
673,674, 361 459, 284, 653 2, 639,511, 220
636, 167, 759
884, 070, 660 035, 898, 731
673, 202, 946 458, 786, 653 2, 651,958, 990
2, 674,
901, 341, 264 636, 685, 342
680, 670, 281 455, 508, 303 2, 703,205,190
925, 070, 799 638, 245, 982
684,143, 432 455, 798, 653 2, 717,258, 866
935,
562, 585
686, 659, 099 456, 704, 553
949, 930, 605 638, 268, 328
087,022,166
456, 924, 503 .2,732, 496,907
958, 526, 013 639, 024, 225
685, 987, 522 456, 871, 503 2, 740,503, 862
679, 680 639, 025,157
, 966,
685,177,378
460, 017, 233 2,751, 402, 463
973, 396,746' 639,811,106
684, 770,188 460, 049, 333 2, 758,391, 897
980, 162, 297 640, 410, 079
2, 765,351, 344
062, 696 641, 454, 311 683, 996, 004 459,838,333
985,
682, 853, 085 461, 492, 333 2,771, 418, 392
975, 483, 605 641,589,369
998, 088
453,939
461, 708, 323 2, 760,089, 898
642, 285, 659 681, 550,167
978,
641,265,819
681, 385, 349 461, 334, 023 2, 762,122,156
990, 104,707
2. 823,
380,153
508,926.923
642, 463, 887 681,351,193
999,
012,161
014, 563, 565 642, 429, 454 681, 220, 519 556,798, 623 2, 880,914, 775
644, 034,183 679, 575, 920 566, 836, 623 2, 904,799, 256
018, 468,049
643, 882, 061 679, 549, 364 589, 234, 623 2. 930,219, 606
016, 133,208
2, 940,
598, 659,123
681, 278,519
022, 009, 857 644, 272,107
2, 978,102, 793
943, 682 645, 360, 749 681, 621, 039 628,177,323
025,
931,159
825,162
633, 006, 283 2, 987,442, 341
645, 704,470 683,395, 244
034,
646, 022, 595 703, 090, 354 635,125, 779 3, 018,165,681
043, 203,613
525,117
645, 364,779
3, 051,
647, 606, 403 714, 669, 382
041,
3, 067,103.104
726, 690, 775 650,144,179
036, 531. 374 648,736,776
3,065,585, 257
649, 687, 973 732, 348,460 647,517,179
053, 031,645
3,095, 271, 247
740, 314, 907 650,833,179
049, 518, 893 650, 604, 268
741, 373, 341 662, 747, 679 3,104, 914,068
059, 347, 994 651,445,054
288, 820 652, 356,115
666, 799, 679 3,121, 256.058
742,811,444
N o . 4 5 . — E S T I M A T E D AMOUNT OF GOLD AND S I L V E R I N CIRCULATION AT T H E E N D
OF EACH M O N T H , FROM JUNE,- 1878.
Month.
1878—June
July
August...
September
October'...
Noveinber
December.
1879—January . .
Februai:y.
March....
Gold coin.
$84, 739, 774
83, 834,116
83, 638, 275
85, 264, 111
85,171,214
86, 225, 072
96, 262, 850
100, 442, 571
103, 581,169
106,167, 494
Silverdollars
$855,143
870, 264
155,651
057, 295
884, 929
595, 331
790, 721
681, 293
181, 983
216, 056
Fractional
s i l v e r coin.
$64, 918, 322
65, 071. 757
66, 045, 378
66, 752, 713
66, 946, 081
67,031,975
67, 982,601
68, 243, 553
68,481,108
68,704,010
Total silver.
773, 465
942, 021
201, 029
810,008
831,010
227,306
773, 322
924, 846
663,091
920, 066
124
No.
E E P O E T ON T H E F I N A N C E S .
^ 5 . — E S T I M A T E D AMOUNT O F GOLD AND S I L V E R I N CIRCULATION AT THE E N D
OF EACH M O N T H , FROM J U N E , 1878—Continued.
Month.
1879—April
May
June
July
August...
September
October...
November
December.
1880—January . .
February.
March
April
May
June
July
August...
September
October...
November
December1881—January . .
February.
M a r c h . ^..
April
May
June
July
August...
Septeraber
October...
Noveraber
Deceraber.
1882—January . .
February.
March
April
May
June
* July..
August...
Septeraber
October...
Noveraber
December.
1883—January - .
February.
March....
April
May......
June
July
August. - September
October...
Noveraber
December.
1884—January - .
February.
March
April
May
June
July
August -..
September
October...
November
December.
1885—January . .
February.
March
. April
May
June
July
August —
September.
October—
November ,
December.,
Gold coin.
$107, 433,441
107, 733, 920
110, 505,362
112, 540, 056
115, 299, 698
117, 049, 732
136, 446,818
167, 253,930
178, 749, 927
185, 834, 585
195, 503, 715
200, 384,423
208, 103,774
220, 609,801
225, 695,779
231, 328,438
238, 261, 719
251, 893, 684
264, 930,185
266, 059,685
279, 458,994
288, 797, 802
273, 041, 291
281, 851, 803
302, 895,033
312, 577, 341
315, 312.877
326, 418, 554
319, 290,055
327, 143, 707
338, 840,772
338, 774, 375
349, 209.300
359, 912,800
346, 752,147
353, 870,390
365, 674,497
355, 880, 275
358, 251, 325
359, 573,222
356, 622, 754
356, 580,275
355, 731,190
355, 945.168
3.53, 166,194
355, 115,323
352, 803,580
351, 159,933
350, 823, 098
347, 134,163
344, 653, 495
342, 038, 527
344, 236, 232
346, 067,206
348, 648, 323
347, 657, 000
347, 093, 446
346, 418, 091
345, 112,575
346, 353,382
344, 813, 781
340,
340, 673.301
339, 624, 203
339, 167,112
339, 887, 557
339, 949, 304
340, 657,784
341, 636,028
341, 142, 648
341 660, 992
342: 133,130
342, 727, 561
342, 712, 570
341, 763, 852
340, 668,411
342, 612,138
345, 120,762
349. 985,470
355, 085, 781
359, 181, 306
629, 546
Fractional
Silverdollars. silver coin.
$7, 461, 387
7,304,905
7,653,649
8, 299,199
9, 559, 586
11,074, 230
12, 883, 566
14, 865,993
16,887, 586
17,544,039
17,833, 957
18, 375, 908
19,044,577
18, 945, 060
19, 309, 435
19,821,959
20, 772, 687
22, 914, 075
25,763, 291
27,750, 297
29, 262, 487
. 29, 517, 903
29,120, 545
29,183,347
28, 614,679
28,441,232
28, 827, 983
29, 376,403
29, 974, 361
32, 230,038
34, 096, 327
34, 955, 253
35,791, 043
35, 259, 396
34,842, 223
34,103,097
32, 986, 624
32,237, 637
31, 990,964
32,463, 881
32,563,531
33, 801, 231
35, 914,903
37, 689, 298
38,938, 238
37, 874,111
37, 543, 636
36, 723, 394
36,189, 351
36, 006, 722
35, 341, 880
36, 623, 847
37, 700, 702
39,783,527
40, 684,499
41,301,983
41, 975, 734
40, 300, 371
39, 302, 720
39,419,528
40,411, 564
40,408, 876
39,794,913.
39, 988,710
39, 415,107
40, 322, 042
41, 804,104
42,435,754
43, 059,129
41, 315,040
40, 686.187
39, 998, 912
39, 666,360
. 39, 264, 376
38,471,269
39,284,433
41,405,166
45, 275, 710
49, 442, 089
50,191, 413
52, 541. 571
$68, 882, 852
69, 063, 799
67, 346,584
63,735, 909
61, 448, 641
60, 088,746
59, 364, 759
58, 905, 958
58, 674, 498
57, 569, 007
56, 812,196
56, 219, 384
55, 659, 216
55, 067,488
54,511,788
53, 988, 622
53,913,429
54, 368, 542
54, 641, 043
54, 719, 069
54, 705, 608
54, 085, 816
53, 865. 739
53, 496, 971
53, 389, 316
53,143, 038
52,839, 364
52,820, 033
53,101,173
53, 859, 326
54, 216, 212
54,311.108
54, 294,179
53,718,-407
53, 444, 834
53,155, 519
52, 932,476
52,644,197
52,379, 949
52,318,934
52, 526, 812
53,135, 370
53, 856,388
54,105,586
54,172, 748
53, 603, 505
53, 275, 784
52, 961, 376
52, 803, 051
52, 612, 794
52,474, 299
52, 427,260
52,190, 792
52, 785, 446
52, 348, 285
51, 616,197
50, 886, 788
49, 621, 601
48, 670, 211
47, 819, 665
47, 052, 843
46, 359, 219
45, 660, 808
45, 437, 233
45, 548, 907
45. 706, 940
45, 807, 535
45,984,200
45,900 318
45,172, 760
44, 802, 220
44, 387, 921
44, 049, 389
43,272,264
43, 702, 921
49, 594, 894
50, 235,720
51,328, 206
52,014, 657
47, 069, 977
47.203,948
Total silver.
125
TEEASUEEE.
No.
4 5 . — E S T I M A T E D AMOUNT OF GOLD AND S I L V E R I N CIRCULATION AT T H E E N D
OF EACH MONTH, FROM J U N E , 1878—Continued.
Month.
1886—Ja,nuary . .
Februa'ry.
March
April
M^iy
Juiie
July
August...
Septeinber.
October...
November
December.
1887—January '..
Februa'ry .
March
April
May
June
July
August...
Septeniber
October...
Noveraber
Deceraber.
1888—Januairy . . .
February March
April
May
June
July
August...
Septeraber
October...
November
December1889—January .February.
March
April
May
June
July
August
Septeraber
October
November
December.
1890—January . February.
March . . : .
April
May
June
..
July
August -- Septeraber
October - . Noveraber
Deceuiber.
1891—January . .
February .
March
April
May
June
July
August...
September
October—
November
Deceraber.
1892—January .February.
March
April
May
June
July
August—
September,
Gold coin.
361,
362,
361,
360,
357,
359,
364,
364,
368,
372,
372,
371,
371,
373,
375,
377,
376,
377,
381,
391,
392,
396,
399,
398,
398,
397,
398,
396,
392,
378,
.376,
377,
380,
381,
379,
380,
379,
378,
377,
376,
376,
374,
375,
375,
375,
374,
375,
374,
373,
373,
374,
375,
374,
375,
379,
386,
400,
405,
411,
409,
408,
408,
408,
406,
408.
407,
406,
408,
406,
405,
407,
407,
407,
407,
407,
408,
408,
410,
411,
411,
Silverdollars,
Fractional
silver coin.
$51 , 470, 376 $45 996,
51, 339, 855 46, 209,
51 , 258, 776 46, 208,
52,,505,619
46 176,
,
52,1 908, 076 46 138,
52,, 469, 720
40 150
54,, 119, 362
46, 483,
V
56, 803, 829
47, 118,
,
60,I 018, 693
48 183,
61,148,155
48 790,
61, 991,448
49 290,
61,117,409
49 444,
58,,539, 864
48 789,
57, ,340, 887
48, 638,
56,, 801, 655 48, 526,
55,,735,205
48, 452,
55 ,421,460
48 495,
55,, 506,147
48 570,
55,,911,226
48, 947,
,
57,' 037, 669 49 164,
60,, 346, 361 50 414,
,
62,! 640, 625 51 290,
64, 261, 714
51 751,
64,, 222, 818
51 968,
61, 926, 977
51 325,
>,
6o; 597, 864
50 972,
I
59,, 318,515
50 767,
'
57,, 883, 396 50 549,
',
56, 449, 820
50 470,
,
55, 545,303
50 354,
,910,025
54,
50 476,
s
55, 461, 388"
50 835,
,
57, 751, 356
52 020,
,691,450
59,
52, 571,
'
60,, 475, 385 52 914,
,
60, 779, 321 53 284,
1
58,, 374. 861
52 440,
57,431,904
51, 944,
1
56,, 490, 339
51 707,
,647, 772
55,
51 622,
,704,317
54,
51 460,
54. 417, 96V
51 476,
. 4 220, 255
5,
51 521,
, 918, 786
54
51 860,
,
57; 374,100
52 931,
'
59,, 888,480
53 890,
,696, 637
60,
54 393,
,266,501
61
54 769
I
59,, 306, 637
54 202,
1
58,, 372, 380
53 950,
,847, 656
57,
53 984,
1 994, 977
,
56,
53 804.
i
56. 348,174
53 915,
1,166, 356
56,
54 069
1
56,, 981, 268
54 284,
I 506, 674
,
58,
54 948,
,
62, 132,454
56 311
, 709, 564
65,
57 641,
'
67,, 248, 357 58 272
,547, 023
6'
58 651,
,
64, 818, 949
57 723,
1
63,, 560, 553
57 345
1
62,, 921,010
57 254
, 692,818
61,
57 368
I
59,, 868, 710
57 853
,683, 041
57,
1
58,, 163, 879 58 290
1 558, 697
,
57 763
58,
,
58 554,
60, 194,175
; 135, 461 59 664,
,
62,
!
62,, 697, 204 62 105
;
62 845,
62,, 326,191
,216,630
62 776,
60,
\ 264, 520
62 415,
59,
,
62 308
58, 471, 743
, 554,457
62 547,
57,
,
57, 096, 925 62 833,
, 799, 484 62 736,
56,
,031,862
62 386,
57,
,
• 57, 622, 886 63 346,
',
63 897,
59, 569,103
64 916,
Total silver.
97,
97,
98
90
98,
100
103:
108,
109,
111
110,
107
105;
105,
104,
103:
104,
104,
106,
no
113,
116,
116,
113,
111
no
108,
IOO
105.
105,
106,
109,
112,
113,
114
110,
109,
108,
107
106,
105,
105,
106,
110
113,
11.5,
110
113,
112,
111,
110
110
110,
111
113,
118,
123,
125,
126,
122,
120,
120,
1,10
117,
115,
115
117,
119,
124,
125,
125,
122,
121
121,
120,
119,
119,
120,
121
124
126
No.45.-
E E P O E T ON T H E FINANOES.
- E S T I M A T E D AMOUNT OF GOLD AND S I L V E R I N CIRCULATION AT T H E E N D
OF EACH MONTH, FROM J U N E , 1878—Continued.
Month.
1892—October....
Noveniber.
Deceraber..
1893—January . . .
February..
March
April
May
June
July
August....
September.
October
November .
December..
1894—January - . .
February..
March
April
May
June
July
August
September.
October
November.
December..
1895—January - - .
February..
March
April
May
June
July
August
Septeraber.
October
November .
December-.
1896—J'anuary . . .
Februa'ry..,
March.."
April
May
June
July
August
September.
October
N o v e m b e r ..
December...
1897—January —
Februaiy...
March
April
May
June
July
August
September,.
October
N o v e i n b e r ..
Deceraber...
1898—January
February...
March..*
April
May
June
July..
August
Septeraber..
October
Noveraber ..
Deceinber...
1899—January
February...
M a r c h .'.
AprU
May
June
Gold coin.
$411, 252,
410, 367,
412, 970, 960
411, 688, 068
409, 817, 138
407, 799. 951
410. 759, 520
407, 945, 944
403, 633, 700
416, 909, 941
469, 466, 368
484, 296, 109
498. 121, 679
505, 058, Oil
508, 602, 811
527, 357, 916
496, 830, 383
496, 101, 956
497, 894, 733
496, 799, 152
497, 873, 990
499, 103, 577
497, 407, 586
500, 126, 248
500, 181, 380
465, 789, 187
. 485, 501, 376
506, 189, 411
468, 568, 100
479, 493, 899
483, 111, 525
483, 770, 430
480, 275, 057
485, 778, 610
479, 787, 653
469, 884, 062
475, 181, 593
480, 252, 104
484, 728, 547
499, 262, 686
445, 293, 591
445, 912, 256
454, 225, 656
455, 876, 439
456, 128, 483
445, 293, 944
463, 995, 969
478, 771, 490
516, 340, 979
516, 729, 882
517, 743, 229
515, 468, 129
516, 315, 696
517, 125, 757
517, 321, 596
520, 221, 923
519, 146, 675
519, 074, 302
521, 848, 563
528, 098, 753
539, 273, 953
544, 494, 748
547, 568, 360
551, 584, 924
553, 884, 882
582, 129, 742
617, 038, 510
649, 571, 881
660, 959, 880
645, 246, 054
630, 693, 166
622, 649, 812
649, 846, 727
658. 986, 513
667, 796, 579
696, 987, 400
702, 305, 269
694, 855, 942
701, 077, 442
724, 282, 177
702, 060, 459
Silverdollars
$61, 672,455
62, 586, 806
62,822, 936
61,196, 388
60,432, 090
59,557,190
58,835, 383
58, 053, 489
57, 029,743
56, 223,989
61; 654, 630
58,832, 668
58, 725,818
58,425, 922
57, 869, 589
55, 735, 720
54, 574, 546
53, 525,295
52, 655,121
51,952, 691
51,191,377
50,959, 540
51,512,484
54, 276, 243
56,443, 670
57,449,865
57,889,090
55, 873, 630
54, 649, 360
53, 917, 857
53,413, 709
52, 812, 570
51, 983,162
51,746,706
52, 584,843
55,146,527
58, 354,092
58, 760,713
59,205, 927
56, 629, 676
55,515, 941
54, 792, 752
53, 602, 362
52, 717, 417
52,175, 998
51, 999, 797
53,445, 881
56,513,178
58,190, 802
58,493, 845
58, 581, 819
56. 361,136
55, 378, 762
54,507,319
53,776,448
53, 007, 095
52, 001, 202
51, 655,722
53, 085, 664
57,145, 770
60,196, 778
61, 280, 761
61,491,073
59,478, 293
59, 020, 904
58, 562, 597
58,561,008
57, 596, 423
57, 259, 791
57, 293, 336
57,738, 313
60,788, 828
63, 437, 255
63, 980, 333
65,183, 553
63,429,088
63,135, 375
64, 536,488
64, 023, 325
63, 434,217
63, 381,751
Fractional
s i l v e r coin.
Total silver.
$65, 985, 408 $127,657, 863
66, 515,135
129,101,941
67,327,267
130,150 203
66, 540, 937
127, 737, 325
64, 021, 838
124,453, 928
66, 032,175
125, 589, 365
66, 257,142
125, 092.525.
66,163, 602
124, 217, 091
65,400, 268
122,430. Oil
64,007,129
120,231,118
64,335,238
125, 989, 868
64,100,205
122,932, 873
64, 309, 807
123, 035, 625
123, 967, 567
65, 541, 645
123,724,329
65,854, 740
116, 844,420
61,108,700
59,921,912
114.496, 458
59, 588, 287
113,113, 582
59,125, 312 . 111,780,433
57, 944, 250
109, 896,941
58, 233, 344
109,424, 721
58.250, 802
109, 210, 342
58, 446, 869
109,959, 353
112,521, Oil
58, 244,768
60,242, 999
116, 686, 669
61, 606, 967
119, 056, 832
62, 672, 086
120, 561,176
61,710, 429
117, 584, 059
60,940, 597
115, 589, 957
59, 873, 046
113,790, 903
59,653,010
113,066, 719
59,786,487
112, 599,057
112,202, 880
60, 219,718
112,279,214
60, 532, 508
112, 675, 001
60,090,158
61, 409, 543
116, 556,070
63, 832,759
122,186, 851
65, 416,119
124,176, 832
64,417, 685
123, 623, 612
64, 387,135
121, 016, 811
119, 260, 002
63, 744, 061
62, 970, 303
117, 763, 055
62, 489, 507
116, 091, 869
61, 356, 627
114,074,044
59, 999, 805
112,175, 803
59, 663, 561
111,663, 358
113,145,348
59, 699,467
60, 228, 298
116, 741,476
61,171,736
119, 362, 538
61,233,346
119, 727,191
62,101,986
120,683, 805
60, 889, 370
117, 250, 506
60,709, 595
116, 088, 357
60, 246, 493
114,753, 812
60,177, 704
113,954,152
60, 306, 988
113,314, 083
59, 228, 540
111, 229, 742
59,131, 282
110,787,004
58,936, 292
112,021,956
61,176, 415
118, 322,185
63,432, 929
123, 629, 707
64, 829, 045
126,109, 806
65, 720, 308
127, 211, 381
64, 955, 943
124, 434, 236
64, 270, 811
123,291,715
64, 618, 802
123,181, 399
64, 586, 273
123,147, 281
64, 042, 000
121,638,423
64,323,747
121.583, 538
63,994,457
121, 287, 793
64, 759, 523
122.497, 836
66,587,940
127,376, 768
68, 878, 952
132, 316, 207
69, 997,276
133, 977, 609
135, 811, 371
70, 627, 818
69, 083. 516
132, 512,604
69,143, 844
132,279,219
69, 496, 609
134,033,097
69, 784,194
133, 807, 519
70,044, 980
133,479,197
70,675,682
134,057,433
127
TEEASUEEE.
N o . 4 5 . — E S T I M A T E D AMOUNT OF GOLD AND S I L V E R I N CIRCULATION AT T H E E N D
OF EACH M O N T H , FROM J U N E , 1878—Continued.
Month.
1899—July
August...
September
October...
November
December.
1900—January...
February.
March
April
May
June
July
August...
September
No.
Gold coin.
$700, 256, 384
672,933,192
646, 561,185
634, 650, 733
627, 480,101
617,977,830
619, 447,176
612, 333, 489
612, 202, 698
616, 535, 746
618, 624, 530
614, 918, 991
622,348,108
620,695, 656
620, 047, 309
Silverdollars.
Fractional
s i l v e r coin.
158,273
887, 236
755, 243
361,740
830,223
420,047
888, 019
139, 994
098, 949
333, 834
645, 528
429,476
759, 341
825, 496
176, 265
$70, 527, 873
72, 516, 837
74, 045, 762
76,173,164
76,322, 965
76, 651, 321
75, 429, 413
74, 792, 310
74, 341, 322
75, 000, 817
75, 658, 587
76, 294, 050
76,541,200
77,862, 649
79, 432,193
Total silver.
$133. 686,146
137,404 073
142, 801, 005
147, 534, 904
147,153,188
147, 071, 368
143, 317, 432
143, 932, 304
143,440,271
143, 334, 651
143, 304,115
142, 723, 526
142, 300, 541
144, 688,145
150, 608, 458
4 6 . — 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
IN CIRCULATION AT T H E E N D OF E A C H M O N T H , FROM J U N E , 1878.
Month.
1878—June
July
August
September.
October
November..
December..
1879—January . . .
February..
March
April
May
June
July
August
September.
October
November .
December..
1880—January . - February ..
March
AprU
May
June
July .August —
Septeraber .
October
November..
December..
1881—January . . .
February ..
March.,
April
May-.
June
July
August
September .
October
November..
Deceraber -.
1882—January - - .
February...
March
April
,
May
June
July
August
Septeraber..
October
November.
D e c e m b e r .,
United States
notes.
$274, 660, 895
269, 575, 157
268, 332, 762
273. 631, 676
272, 505, 410
273, 025, 612
277, 098, 511
275, 656, 485
265, 511, 043
270, 851, 347
276, 236, 193
269, 130, 574
272, 289, 112
282, 889, 550
276, 083, 410
298, 507, 762
309, 158, 449
316, 707, 562
324, 020, 522
322, 381, 454
320, 531, 923
322, 600, 935
320, 206, 736
315, 847, 996
313, 660, 457
312, 581, 892
315, 031, 167
319, 532, 403
324, 262, 023
327, 106, 079
330, 939, 198
327, 499, 400
324, 474, 415
325, 342, 818
323, 753, 930
319, 758, 711
316, 476, 924
317, 056, 106
317, 360, 147
319, 550, 884
320, 399, 247
320, 279, 938
320, 688, 216
317, 966, 622
316, 979, 166
318, 309, 601
318, 053, 192
314, 742. 326
312, 010, 427
311, 711, 426
310, 797, 075
314, 732, 858
316, 991, 820
310 089. 624
318, 226, 621
Treasury
notes.
Nationalbank notes.
129,
307, 825,
309,868,
311,500,
314,750,
313,976,
314,339,
311,034,
314,803,
320,550,
320,680,
314,014,
320,675,
322, 056,
324,924,
329,328,
332,923,
336,285,
338,609,
336,301,
338,998,
340,343,
338,950,
335,694,
336,800,
336,543,
339,322,
339,872,
339,182,
339,594,
339,550,
337, 508,
339,097,
342,732,
346,058,
345,820,
349,320,
351,380,
353,176,
353,854,
355,123,
356,953,
356,179,
354,502,
355,611,
356,399,
354, 183,
351,606,
351,275,
349,545,
352. 546,
355,427,
355,409,
355,380,
355,350,
$584, 790,782
577, 401, 028
578,201,466
585,132, 562
587, 256, 002
587, 002,130
591, 437, 909
586, 691, 309
580, 314, 294
591, 402,197
596, 916, 963
583,145,535
592, 964,484
604, 945, 998
601,007,468
627,836,196
642, 081, 905
652, 993, 359
662, 630, 056
658, 682, 918
659, 530,190
662,943, 972
659,157,271
651, 542. 715
650, 461,108
649,125. 808
654, 353, 208
659,404, 705
663,444,195
666, 700, 610
670, 489, 202
665,008,113
663, 571, 998
668, 075,136
669, 812,768
665, 579, 418
665, 797, 657
668, 436, 631
670, 536, 512
673, 405,124
675, 522, 700
677, 233, 283
676, 867, 993
672, 469, 391
672, 590, 605
674,709, 311
672, 236, 872
666,349,135
663, 285,744
661, 257,157
663, 344, 063
670,160, 734
672, 401,103
671, 470, 083
673,577,390
128
E E P O E T ON T H E F I N A N C E S .
N o . 4 6 . — 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
IN CIRCULATION AT T H E E N D O F E A C H M O N T H , FROM J U N E , 1878—Continued.
Month.
1883—January..
February.
March
April
June
July
August
September..
October
Noveraber..
December ..
1884—January
February...
March..'
April
May
June
July
August
September..
October
Noveinber..
Deceraber . .
1885-- J a n u a r y
February...
March..'
April
May.
June
July
August
Septeraber .
October
Noveraber-Deceiuber . .
-January ...
February ..
March . . . . .
April
May
June
July.
August
Septeraber.
October
Noveraber December.-J
1887—J a u u a r y . . .
Febru-ary . .
March
April
May
June.
July
August
SeptemberOctober
November.
December..
1888—January . . .
Februa'ry..
March
April
May
June
July
August
September.
October
Noveraber .
Deceraber..
1889—Jannary . . .
February..
March
April
June
July....
August.
United States
Treasury
notes.
1
notes.
$313,
779
313, 936, 199
31.6. 802, 455
315 711, 393
3.13, 209, 191
310, 182, 177
309, 048, 370
308, 889, 250
309: 486, 596
309, 567, 979
300, 806, 372
307, 030, 767
304, 524, 827
300, 872, 384
300, 776, 364
3U0, 915, 183
307, 949, 175
306, .497, 214
303, 953, 026
305, 837, 462
310, 156, 143
312, 738, 844
314, 480, 333
310, 181, 441
302, 722, 547
297, 754, 194
299, 997, 728
299, 815, 326
296, 263, 907
301, 633, 637
298,,262, 019
291,, 022, 360
295, , 551, 684
300, 985, 675
303, 390,
304, 949, 373
298, ,790, 816
299, 483, 627
304, 466, 724
309, 077, 531
.306, 436, 242
305, 562, 918
305, 636, 699
299, 906, 874
302, 456, 369
308, 573, 935
310, 107, 711
31.7, 001, 828
313, 677, 690
312, 811, 334
318, 386, 814
318, 105, 078
315, 923, 542
317, 897, 640
318, 587, 219
318, 393, 276
322, 535, 477
324, 204, 804
323, 527, 949
324, 271, 796
318, 020, 591
313, 198, 547
313, 595, 929
307, 634, 393
300, 522, 402
294, 282, 816
291, 650, 812
290, 455, 276
293, 322, 623
298, 287, 053
300, 118, 696
305, 555, 060
303, 319, 1.56
301, 460, 518
307, 179, 505
308, 330, 785
302, 740, 879
300, 344, 629
298, 741, 931
297, 810, 650 I
081 I
I NationalI bank notes.
$350, 824, 557
353, 662, 570
354, 992,868
352, 203, 939
349, 095,679
34.7, 855,146
346, 770, 823
347, 887, 072
',
346,S'710, 404
345, 100, 240
343, , 230, 410
340, , 993, 531
3.33, ,934,061
333, 736, 000
336, 173,139
332, , 266, 201
332, 484, 730
329, , 882, 621
326, 536,019
324, 517,896
323, , 964, 981
322, ,836,117
320, ,254,849
318, 062,338
312, 169, 259
313, 861, 979
313, 584,455
311, 295,144
307, 183,159
306, 911,370
307, 297, 711
307, 875,599
310, 151,714
309, , 840,846
310, 973,491
311, 164,536
307, ,049,105
309, 039, 918
311, 758,186
309, 430, 872
306, 206, 015
304, 476,475
302, 440,129
301, 371, 095
300, 995,048
298, 116, 544
296, 622, 243
293, 559, 737
288, 176, 405
285, 792,236
284, 392, 226
281, 312, 658
278, 055,162
276, 554,488
273, 146, 207
270, 774,103
269, 782, 937
267, 757,278
266, 558. 514
263, 444,420
257, 920, 431
256, 097,116
254, 673,417
252, 484, 307
248, 878,462
245, 149, 720
241, 234. 901
238, 466,870
237, 505, 695
235, 090, 263
232, 945, 416
229, 486,146
223, 602,595
220, 815,013
217, 974, 354
214, 819, 583
210, 583,650
207, 039,352
204, 361,154
201, 172, 710
Total:
$663,913, 336
667, 598, 769
671, 795. 323
667,915,332
662, 304, 870
658,037,323
655,810,193
656, 776, 322
656, 197, 000
654, 668, 219
650, 036, 782
648,030, 298
638, 458, 888
634, 608. 384
636, 949, 503
633,181. 384
640, 433, 905
636, 379. 835
630,489, 045
630, 355, 358
634,121,124
635, 574, 961
634, 735,182
628, 243, 779
614,891,806
611, 616,173
613, 582,183
611,110,470
603,447, 066
608, 545, 007
605,559. 730
598, 897, 959
605„703, 398
610,826,521
614, 368, 864
616,114, 352
605, 839. 732
608,523, 642
616,224,717
618,508,114
612, 642, 933
610,039,174
608, 083, 003
601, 277, 464
603, 451, 983
606, 690, 255
606, 730, 071
610 561, 427
601, 853, 739
598, 604, 050
602,778, 304
599,418.200
593,978, 802
594, 451, 707
591,733, 483
589,167, 580
592, 318, 741
•591,962,227
590, 086, 310
587, 716, o n
575, 940, 978
569, 296, 045
568, 268, 810
560,118,709
549,401,278
539, 432, 532
532, 885,177
528, 922, 493
530, 827, 748
533, 377, 959
533,063, 476
535, 041, 302
526, 922,113
522, 275,518
525,154,139
523,150, 462
513, 324, 279
507, 384,283
503,102,804
498,982,791
129
TEEASUEEE.
N o . 4 6 . — 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 N A T I O N A L - B A N K . N O T E S
I N CIRCULATION AT T H E END O F EACH MONTH, FROM J U N E , 1878—Continued.
Month.
1889—September.
October
November.
December..
1890—January —
Februairy . .
March.:.-.
April
May
June
July.
August... September.
October....:
November .
December..
1891—January -. February..
March
April
May
June
July
August
September.
October
November .
December..
1892—January...
February..
March..'...
April
May
June.-*
July..
August
September.
October
November.
December..
1893—January...
February ..
March
April
May
June
July
August
September.
October
November.
December..
1894—January . . .
February..
March
April
May
June.
July
August
September.
October
November .
December..
1895—January . . .
February..
March..'...
April
May
June
July
August
September.
October —
November .
December-.
1896—January . . .
February..
March.....
AprU..
FI 1900-
United States
notes.
$310, 235, 758
316, 867, 515
321, 721, 994
331, 007, 091
327,444, 792
326, 857,151
332,101, 359
330, 676, 605
326, 933, 217
323, 046, 826
322, 697, 004
327, 287, 306
333, 915, 726
334,417,753
335, 575, 296
336, 675, 385
328, 325, 508
328, 004, 851
334,030,198
332,184, 618
327, 318, 746
323, 714, 272
319, 892, 564
317, 696, 436
326, 731, 201
332,553,989
333, 364, 309
333, 767, 351
330, 097, 313
322,131,688
323,904, 962
324, 785, 861
318,453, 302
311, 814, 840
311, 852, 278'
317, 548,420
322, 603,158
332, 080, 234
333, 772,877
330, 933, 540
319, 694,138
314,174, 742
316,793,314
319, 807,117
319, 022, 323
320,875, 683
324, 394, 404
331, 638, 060
332, 228,906
321, 892, 028
311, 268, 672
302,541,814
299, 378, 826
293, 610, 528
290, 591, 356
284,443, 688
270,590, 089
268, 772, 371
264, 564, 225
263, 775,103
267, 283,481
280,474, 705
276,910, 489
264, 761, 858
256, 999, 343
261, 988, 258
256, 935, 759
267, 393, 905
266, 938,032
265,109,456
271, 349, 327
247,536,753
240,364, 416
238,986,280
234, 912, 497
230, 855, 873
245, 745, 840
240,458, 573
232, 288,482
237,349,381
Treasury
notes.
Nationalbank notes.
Total.
$199, 684, 081 $509,919,839
196, 714,410
513,581, 925
195,294, 664
517, 016, 658
192,587, 030
523, 594,121
188, 274,459
515, 719, 251
187,661,139
514,518, 290
186, 337, 406 518,438,765
185, 322, 364 515, 998, 969
183, 072, 228 510, 005, 445
181,396, 823
504,443, 649
179,487, 509
502,185,113
506, 734, 731
$1, 375, 900 178,071,525
518,004,630
7,106, 500 176,982,404
11,467, 351 175, 947, 795 521, 832, 899
17, 219, 656 174,912,067
527,707,019
21, 896, 783 173, 738, 584 532, 310, 752
25,101, 706 168, 983,398
522, 410, 612
28,871, 279 168, 452, 386 525, 328, 516
33, 921, 973 168,119, 827
536,071,998
37,020,254 166,171,886
535, 376, 758
38,112, 280 163, 661, 349 529, 092, 375
40,463,165
161, 922, 040 526, 099,477
43, 684,078 162, 241, 992 525, 818, 634
45,748, 350 164, 312, 057 527, 756, 843
57, 205, 228 166, 090, 066 550 026,495
66,473,484
166, 445, 763 565, 473, 236
70, 983, 286 168,151, 853
572,499, 448
577, 490, 841
75, 296, 057 168,427, 433
76, 038, 319 167,176, 607
573, 312, 239
75, 718, 553 167, 829, 448 565, 679, 689
77, 605,410 168, 644, 955 570,155, 327
81, 501, 770 168, 067, 089 574, 354, 720
87, 068, 672 167, 427, 965 572, 949, 939
98,051,657
167, 306, 957 577,173,454
101, 756, 301 166, 595, 935 580, 204, 514
104,114, 086 166, 033,118
587, 695, 624
107, OOI, 850 165, 085,108
594, 690,116
114, 567,423 165, 224,137
611,871, 794
118, 877. 559 167,786, 384
620,436, 820
122, 039. 656 168, 361, 365 621,334, 561
123, 927, 346 166, 623, 083 610, 244, 567
126,447, 613 169, 844, 260 610,466, 615
128, 956, 781 172, 267, 433 618,017,528
128, 779,103 171, 770, 315 620,350 535
132, 505,183 171, 920, 799 623, 448, 305
636, 268, 516
140, 661, 694 174, 731,139
648, 303, 539
143, 774,138 180,134, 997
145,420, 209 195, 822, 781 672, 881, 050
681,928,203
148.824,199
200, 875, 098
670,455, 837
150, 818, 582 197,745, 227
658,178, 636
150, 770, 406 196,139, 558
650, 688, 297
151, 965, 267 196,181,216
150, 755, 402 193, 335, 220 643, 469,448
629,4.88, 335
141, 038, 766 194,839, 041
629, 025, 097
141, 316,855 197,116, 886
141, 026,114 199, 082, 593 624,552, 395
610, 388, 800
140, 074, 690 199,724, 021
134,862, 009 200, 754, 351 604, 388,731
597,126,353
129, 918, 527 202,643,601
124, 552,440 202, 025, 053 590, 352, 596
121,495, 374 202, 546,710
591, 325, 565
122, 715, 396 202, 594,902
605,785,003
124, 574, 906 202, 517, 054 604,002,449
122, 453, 781 201, 845, 738 589, 061, 377
117,180, 225 198, 964, 396 573,143, 964
114, 249, 700 199,889, 358
576,127,316
121,457, 600 203, 091, 318 581,484, 677
121,840, 500 204,760, 225
593,994,630
117, 954, 807 206, 579, 490 591,472, 329
115,978,708
207, 047, 546 588,135, 710
114, 004, 381 205,729, 557
591, 083, 265
109, 436, 662 204,738,609
561,71.2,024
107,035,426
206,833,159
554, 233. 001
560, 876,977
114, 526, 669 207,364,028
115, 260, 322
207, 568, 852 557,741, 671
115,726, 769
206, 653, 836 553,236, 478
559,053, 922
110 221,185
203, 086,897
106, 074, 550
208, 551, 379 555, 084, 502
103,728, 966
214,205,029
550, 222,477
100,921, 025
216,602,179
554,872,585
130
E E P O E T ONT T H E FINANOES.
N o . 4 6 . — 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
I N QiRCULATION AT THE END OF EACH MONTH, FRQM JUNB, 1 8 7 8 — C o n t i n u e d .
Month.
lUnited States |
nptes.
$225, 562,755
225, 451,358
237, 410,538
231, 964,734
249,547, 300
256,950,326
274,705, 483
261,367,758
268, 486, 236
260, 734,616
248,513,640
247,738,136
248,848, 703
248,583,578
252, 389, 952
254, 432, 314
251, 795,544
258, 996,998
262,183,000
262,480,927
273,722,410
264.164.186
267, 305, 587
288,048, 318
290, 202, 987
286, 572,329
278.084.187
272, 395,581
291, 660,165
306, 301, 620
311,736, 046
312,415, 738
309,643,158
308, 305, 398
310,519,117
312, 057,405
311, 095,424
310, 547, 349
311,329,994
310,130, 421
314,954, 600
317, 264,666
317,811, 976
318,269,365
317,500,312
318,341, 366
322, 802, 644
326, 832,448
322, 752, 949
316, 614,114
317,910,951
317, 956, 971
324, 506, 314
18.96-May
June
j;uly
August...
September
October...
November
^December.
1897—January . .
February.
March....
April
May
June
July
August...
September
October...
November
Deoember
1898—January . .
February.
March
April
May
June
July
August...
September
October..,
November
December.
1899—January . .
February.
March
April.....
May
June
July
August...
September
October...
November
December.
1900—January . .
February.
March
April
May
June
July
August...
September
Treasury
notes.
Nationalbank notes.
$98, 080,50§
95, 217,361
93,948.532
91,262, 524
88, 964, 047
83, 959, 764
80,147, 901
84,171, 221
82,733, 382
85, 546, 621
90, 244, 810
92, 253, 627
86, 641, 406
83, 905,197
81, 563, 887
83,145, 312
89,816, 063
101,759,955
104,676, 398
103,443,936
IOO, 797, 666
98,464,430
99,709,432
99,588, 970
100,226,855
98,665, 580
95,735,553
94,920,654
96, 704, 283
96, 569,780
95,781,482
94,942,741
93,993,753
94, 204,459
94,075, 701
93,559,041
93,101,782
92, 605,792
92,158, 538
91,650,632
89,957,175
88,893,894
87,441, 680
86,934, 351
86, 016, 740
85,945, 227
84,650,659
81,791,059
78,636,759
75, 247,497
72,855,940
69, 890,651
67,600,188
$215,285,550 $538,928,811
215,331,927
536, 000, 646
214, 096,620
545,455,690
215,798,526
539,025,784
220,804,863
559,316, 210
222,002, 576
562,912, 666
222,335,419
577,188,803
221, 384,148
566, 923,127
217,766,273
568,985,891
219, 230, 343 565,511,580
222,420,183
561,178, 633
224,211,934
564, 203, 697
224, 766,143
560,256,252
226,410,767
558, 899,542
225,155,465
559,109, 304
226, 075, 827 563, 653, 453
226,464,135
568,075, 742
225,134,263
585,891,216
224, 956, 210 591, 815, 608
223,827,755
589, 752,618
220,366,293
594, 886, 369
221, 413,230
584,041,846
221,742,388
588,757,407
223,384,790
611,022,078
224, 609,636
615,039,478
223,129,703
608, 367, 612
222,056, 642
595, 876,382
222. 845, 926 590,162,161
231,750, 720
620,115,168
234, 969,964
637,841,364
238,109, 059
645, 626, 587
238, 337,729
645, 696, 208
237, 576, 019 641, 212, 930
239,275, 723 • 641,785,580
240,261,430
644; 856, 248
238, 877, 207 644,493, 653
238,117,598
642, 314, 804
237, 832, 594 640,985,735
238,048,960
641,537,490
640, 302, 542
238, 521,489
644,643,556
239,731,781
645, 225,7.53
239,067,193
645, 089,442
239, 835,786
647, 205,359
242,001,643
644,402, 813
240,885, 761
245, 739, 581 650,026,174
674,610,327
267,157, 624
688, 673,847
280,050, 340
695, 447, 278
294,057,570
692, 023,163
300,161,552
701, 864,056
311,097,165
702,475,145
314,627, 523
711,443,132
319,336,630
Total.
N o . 4*7.—GOLD C E R T I F I C A T E S , S I L V E R C E R T I F I C A T E S , AND C U R R E N C Y C E R T I F I CATES IN CIRCULATION AT T H E E N D OF EACH M O N T H , FROM J U N E , 1878.
Month.
1878-T.June
July
A u g u s t . -.
SeptemberOctober . -.
• November
December.
1879—January..
February .
March
April
May
Juue......
. July
August - . .
September
Gold
certificates.
Silver
certificates.
Currency
certificates.
$24,897, 680
23, 852,980
17, 222,180
23,433, 680
22, 906, 480
24,117,780
21,189, 280
17, 082, 680
16, 379,280
16,253,960
15, 710, 460
15, 380,120
15, 279,820
15,196,900
15, 008,700
14,843,200
$7, 080
959,690
1,709, 280
711, 600
68, 790
366, 060
413, 360
400, 340
331,860
251,700
197,680
444,140
414, 480
771,170
1, 304, 890
1,176,720
$46,245,000
51,120,000
47, 815, 000
39, 545, 000
35, 660, 000
35,070, 000
33,190, 000
40,445,000
36, 675,000
25,145, 000
30,905,000
25,880,000
29,355, 000
40, 250, 000
34, 375,000
29,240,000
Total.
$71,149,760
75, 932, 670
66,746,460
63, 690,280
58, 635,270
59,553,840
54, 792, 640
57, 928, 020
53, 386,140
41, 650, 660
46, 813,140
41,704, 260
45, 049, 300
56,218,070
50, 688, 590
45,259.920
131
TKEASUBEB.
N o . 4'y.—GOLD CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY CERTIFIC A T E S IN C I R C U L A T I O N AT THE E N D O F E A C H M O N T H , F R O M J U N E , 1 8 7 8 — C o n t ' d .
Month
1879—October...
November
December1880—January . .
Eebruary.
March.
April
May
June
July.
August...
September
October...
November
December.
1881—January..
February.
March
April
May
June
July
August...
September
October...
November
December.
1882—January . .
February.
March
April
May
June
July
August.. September
October - . .
November.
December.
1883—lanuary..
February.
March
April
May
June
July
August...
September
October...
November
December.
1884—January..
February.
Maroh
AprU
May
June
July
August...
September
October...
November
December.
1885—January..
February.
March
AprU
May
June..
July
August...
September
October...
November
Pecember.
1886—January..
February.
March
April
.
Gold
certificates.
$14,377,600
13,195,460
II, 596,140
10, 350, 000
9, 755,300
8, 244, 000
8,056, 800
8,010,300
7,963, 900
7', 852, 000
7, 661,100
7,480,IOO
7,447,700
7, 381,380
6, 528, 380
6,491, 400
6, 229, 400
6,028,900
5, 961, 200
5, 876, 280
5, 759, 520
5, 748,120
5,397,120
5, 239,320
5, 204, 220
5,199, 620
5,188,120
5,180,220
5,172, 320
5,166, 920
5, 071,120
5, 052, 920
5,029, 020
5, 016, 440
4,992, 040
4, 907, 440
11, 370, 270
19, 458, 270
39, 514, 810
47, 669, 640
42, 554,470
43,444,510
48, 398, 200
59,591, 940
59, 807, 370
60, 068, 600
54,547,540
55,014, 940
52, 076,180
58,897,620
63, 585,140
77,462, 620
77,843,430
68, 812,150
56,700, 805
59,125, 480
71,146, 640
91,491,490
92,017,940
87, 389, 660
87,865,570
93,374, 290
. 93,287,420
111, 980, 380
112, 683,290
115,647, 540
125, 234, 800
128, 553,010
126,729, 730
123,289,000
123, 885.490
118,137, 790
109,020, 760
105, 554, 092
105, 359, 601
115,284, 951
. 105, 637,050
90,775, 643
84,715,225
SUver
certificates.
$1 604,
1,894,
3,824,
3 989,
4,572,
6 017,
,
6 615,
,
6 051,
,
5,789,
6 930,
,
7, 619,
12, 203,
19,780,
26, 504,
36, 127,
36 814,
37,027,
39, 445,
39, 157,
38,784,
39, 110,
40,802,
46, 061.
52,590.
58, 838,
59, 573,
62 315,
61 537,
60 125,
59 423,
58 908,
57 227,
54 506,
54 757,
57 739,
63 204,
65 620,
67 342,
68 443,
68 438,
68 027,
70 759,
71 884,
71 727,
72 620,
73 728,
75 375,
78 921,
85 334,
87 976,
96 717,
96 958,
96 247,
95 919,
95 497,
97 363,
96 427,
95 138,
94 228,
96 491,
100 741,
104 988,
114 865,
113 858,
III 467,
112 500,
109 443,
105 085,
1 1 530,
0
98 872,
96 079,
93 656,
93 146,
92 702,
93 179,
89 761,
88 390,
90 122,
90 733,
Currency
certificates.
$20,195, 000
13,585,000
10, 09O 000
12, 685,000
11, 095, 000
8, 320, 000
8, 985, 000
12, 650,000
14, 235,000
15, 075, 000
11,205, 000
9, 885, 000
8,625,000
8, 450, 000
6,980, 000
8,630,000
7,640,000
6, 565, 000
8, 255,000
10, 860, 000
11, 650, 000
10,525, 000
9,450, 000
8,105,000
8, 275,000
8,990 000
9, 540, 000
11, 330, 000
11, 445, 000
10, 925, 000
10,990, 000
12, 065, 000
13,245,000
12, 220, 000
II,815,000
10. 540, 000
9, 835, 000
9,835,000
9, 575, 000
12, 430,000
11, 130,000
9,465, 000
10, 050, 000
11, 790, 000
13, 060, OOO
12, 885, 000
12, 055,000
11,870,000
12, 545,000
14, 365, 000
14,480,000
16, 835, 000
18,125,000
14, 955, 000
14,920, 000
11, 030, 000
12,190, 000
13,165, 000
14, 270, 000
15, 630, 000
17,770,000
22,575, 000
24, 760, 000
30,085,000
30, 200,000
26, 210, 000
25, 400,000
26,925, 000
29, 585, 000
31,420, 000
30, 865, 000
23,185, 000
18,145,000
17, 555, 000
13,790,000
.14,590,000
14,920,000
11,925,000
. 11,515,000
Total.
$36,176, 971
28, 675,182
25, 510, 392
27,024,454
25, 422, 906
22,581, 006
23, 657,166
26, 711, 839
27, 988,469
29, 857, 959
26, 485, 319
29, 568, 291
35, 852, 941
42, 336, 366
49, 636, 091
51, 936, 037
50, 897,197
52, 039, 715
53, 374,132
55, 520, 820
56,520, 249
57, 076, 012
60, 908,998
65,934,500
72, 317, 990
73.763, 570
77,043,440
78,047, 760
76,742, 330
75, 515, 360
74, 969, 690
74, 344,980
72,780, n o
71, 994,160 •
74, 546, 920
78, 652, 220
86, 825, 720
96, 635, 960
117, 533, 470
128, 538,460
121,711, 890
123, 669, 501
130, 332,271
143,109, 331
145,488, 056
146, 682, 281
141,977,701
145, 806, 901
.149,955, 561
161, 238, 821
174, 782, 861
191, 255, 651
192, 216,151
179, 686, 726
167,118,786
167,518,951
179,763, 651
199,794, 851
200,516, 631
199,510,911
206, 377,131
220, 937, 821
232, 913,331
255,924,191
254, 351, 241
254, 357, 766
260, 078, 746
260,563,196
257, 845, 676
253, 581,106
250, 829, 786
234, 979. 506
220,312, 532
215, 811, 734
212, 329, 066
219, 636, 560
208, 947. 866
192,823,064
186,963,366
132
E E P O E T ON T H E F I N A N C E S .
N o . 4 : 7 . — G O L D C E R T I F I C A T E S , S I L V E R CERTIFICATES, AND CURRENCY C E R T I F I CATES IN CIRCULATION AT T H E E N D O F EACH M O N T H , FROM J U N E , 1878—Cont'd.
Month.
1886—May
..
June
July
August...
September
October...
November
December.
1887—January . .
February .
March
April
May
June
July
August...
Septeraber
October...
Noveraber
December.
1888—January . .
February .
March....
April
May
June
July
August...
September
October...
November
December.
1889—January..
February.
March
April
May
June
July
August...
September
October..November
December.
1890—January . February.
March
April
May
June
July
August - . .
September
October.. November
Deceraber.
1891—January - February March
April
May
June
July
August...
September
October—
November
December.
1892—January .February .
March
April
May
June
July
August —
September
October
November
December.
Gold
certificates,
120, 025
76,044, 375
74,718,517
77,698,347
84,691,807
88,294,969
90, 520, 633
97,215,605
105,665,107
99,958,365
94,046,015
94,434,485
90,960,977
91, 225,437
94,990, 087
88,765,340
97,984, 683
99,684,773
90,780, 753
96,734, 057
104,853,971
96,697,913
91, 953,949
99,561,293
109,581,730
119,887, 370
131,959,112
124,750, 394
134,838,190
140,613, 658
129,264, 228
120,888, 448
130,986,592
130,210,717
128, 826, 517
136,614,789
129,044, 662
116,792,759
118,541,409
123,393,519
116,675, 349
120,937,229
123,483,119
122,985, 889
138,657,169
130,604,804
134,938, 079
134,642, 839
130,788,399
131,380, 019
132,444,749
124,382, 539
158,104, 739
138,173,979
131, 316,499
144,047,279
155,839,449
147,119,129
144,317,069
138,890,799
122,124, 339
120,850,399
115.715, 389
108,273,079
112,451, 569
136,100,319
142,649, 969
148, 106,119
163,178,959
160,001, 279
154,329, 229
153,713,699
157.295, 209
235, 339
14i;861, 829
136,387,379
128,210, 399
121,255, 349
120, 188, 809
123,093,139
117,
Silver
certificates,
Currency
certificates.
Total.
$89,184,129 $13,955, 000 $183,259,154
88,116, 225
18, 250, 000 182, 410, 600
87,564, 044
19,105, 000
181,387,561
89, 021, 760 II,195,000
177,915,107
95,387,112
7,705,000
187,783,919
IOO, 306,800
7,140,000
195, 741, 769
105, 519, 817
7,025,000
203, 065,450
117, 246, 670
6,510, 000
220, 972,275
118,315,714
8,720,000
232,700,821
121,130,755 . 8,180; 000 229,269,120
131,930,489
7,135, 000
233,111,504
137, 740, 430
8,350, 000
240, 524, 915
139,143, 328
8, 990, 000 239,094,305
142,118,017
8, 770, 000 242,113,454
144,166,141
8,460, 000
247, 616, 228
147,876, 385
7,130, 000
243,771,725 .
154, 354, 826
6, 535, 000 258,874,509
160, 713,957
7, 215, 000 267,613,730
168,149, 274
265, 765, 027
6,835, 000
176,855,423
280, 574,480
6,985, 000
179,321,053
10, 645, 000 294,820,024
184,452, 659
292,365. 572
11,215,000
191, 526,445
8, 915, 000 • 292,395,394
194,426, 932
304,543, 225
10,555,000
196, 645,405
318, 457,135
12,230, 000
200, 387,376
334, 689, 746
14,415, 000
203, 680, 679 15,205,000
350,844,791
209, 658,966
14, 645, 000 349,054, 360
218, 561, 601 12,730, 000
366,129,791
229,783,152
11, 580, 000 381, 976,810
237,415, 789
378,040, 017
11,360, 000
246, 219, 999 10, 250, 000 377,358, 447
13, 915, 000 390, 239, 030
245, 337,438
392, 759, 670
15,920, 000
246, 628,953
251, 263,679
14, 450, 000 394,540,196
406,133, 992
254, 939, 203 14, 580,000
400,732,472
255,537,810
16,150,000
390, 630,204
257,102,445
16, 735,000
395. 673, 534
259, 557,125
17,575, 000
408,519,145
268, 580, 626 16,545,000
408, 570, 064
276,619,715
15,275,000
277, 319,944
12, 510, 000 410,767,173
410,417, 505
276,794, 386
10,140,000
414, 934,962
282,949, 073
9,000,000
431, 618, 940
281,331, 771
II,630,000
284,176.262
10, 230, 000 425,011,066
290,605, 562
7, 660, 000 433, 203,641
436,361,187
292,923, 348
8,795,000
294, 656, 083
9,855,000
435, 299, 482
297, 210, 043 11, 830, 000 440,420,062
298,748,913
443, 013, 662
11,820, 000
303,471,210
. 8.820,000
436, 673, 749
309,321,207
6,990,000
474, 415, 946
308,206,177
6, 910,000 453, 290,156
6, 270, 000 446,162,998
308, 576,499
6,810, OOO
459,146, 742
308,289,463
II, 360, 000 471,043, 535
303,844,086
12,270, 000
463,211, 388
303,822, 259
11,145,000
465, 094,604
309, 632,535
465,824,239
312, 933, 440 14,000, 000
310,541,378
17, 750, 000 450,415,717
449, 579,547
307, 364,148
21,365,000
307,291,114
27, 265, 000 450,271, 503
317, 588, 321 28,455, 000
454, 316, 40O
322,016,487
17,845, 000
452,313,056
321,142, 642
10, 765, 000 468, 007,961
320,873, 610
473,288, 579
9,765, 000
320,817,568
478,188, 687
9, 265,000
320,138, 307
16, 760, 000 500,077,266
325,141,186
29, 350, 000 514,492,465
325, 683,149
29, 840, 000 509, 852, 378
327, 289, 896 30,210,000
511,213,595
327, 290,165
518,315,374
33,730,000
326,880, 803
29, 830, 000 497, 946,142
327, 336, 823 26,720,000
490,918,652
328,289,145
478, 886,524
22,210, 000
326,849, 827
17, 290, 000 465,350,226
324,552, 532
10,550, 000
455, 357, 881
323,464,833
454, 883, 642
8, 230,000
322,035, Oil
446,228,150
7,100,000
133
TEEASURER.
N o . 4 ' 7 . — G O L : ) C E R T I F I C A T E S , S I L V E R C E R T I F I C A T E S , AND C U R R E N C Y C E R T I F I CATES IN CIRCULATION AT T H E E N D O F E A C H M O N T H , FROM J U N E , 1 8 7 8 ^ 0 o n t ' d .
Month.
893—January . .
February.
March
April
May
June
July
August--.
September
October...
November
December.
1894—January . .
February.
March
April
May
June
July
August...
September
October...
November
December.
1895—January..
February.
March ....
April
May
June
July
August...
September
October—
November
December.
1896—January..
February.
March
April
May
June
July
August...
September
October...
November
December.
1897-^-January . .
February.
March
AprU
May
June
July......
August -..
September
October...
November
December.
1898—January..
February.
March
April
May.
June
July
August...
September
October —
November
December1899—January . .
February.
March
April
May
June
..
July
August...
Gold
certificates,
Silver
certificates,
Currency
certificates.
J, 660
$14,450,,000
$120,645,819 $323,192, (
321,279,
I,
114,388,729
1,132
19,250, 000
322,958,'
1,000
I I I , 485, 009
16, 670,
5,953
321,707,'
105,272,029
r,726
15, 840,,000
322,115,!
101,469, 969
>,592
16,955,,000
326,489,: 6 5
,000
92,970,019
M
11, 935,
330,188,!
.,000
87, 611, 029
5,390
7,855,
326, 206, J336
.,000
80,414, 049
),
5, 605,
324,955,
1,000
79, 627, 599
8, 200,
),134
325, 717,'232
.,000
78, 889, 309
I,
22, 325,
328,421,!
.,000
78.163, 079
33, 205,
,997
329, 545, (
77,412,179
),650
39, 045,, 000
330,161,;
77,015,419
,308
44,935,,000
331,119,;
.,000
70,935, 729
47, 805,
),247
70,306, 909
r,264
52,720,,000
329, 447,:
,000
69,990, 449
330, 305,!
),980
57, 270,
1,000
69, 374, 549
329, 959,1
),959
59, 250,
66,344,409
327,094, i
58,935,,000
,381
.,000
65, 947,229
61,695,
324, 491,'
L,738
.,000
65,668,969
58,065,
1,911
325, 217,!
.,000
64, 790, 439
330,520,'
55, 755,
),719
.,000
64,252,069
331,143,;
1,301
54, 045,
.,000
58,925,899
332, 317,1
r,084
57,135,
53, 361,909
331,077,'
r,784
47, 005,, 000
,000
52, 647,809
326,467,;
r,272
37, 625,
51,507, 769
325, 816, 36, 925,,000
5,415
48, 843,189
323, 746,'
5,756
36,825,,000
323, 215,5
48, 751, 009
37,295,,000
),271
321, 553, 171
48,539, 569
J,
48, 245,,000
,000
319,731,'
48,381, 569
,752
55,405,,000
320,355,:
48,117, 579
),1I8
56,920,,000
49, 081, 089 323, 772,:261
J,
76,555,
,000
50,645, 539 330, 434, i
t,837
63,840,
1,000
50,417,659
333, 456,:
5,236
56,740,
.,000
50,233, 979 335, 855, i 893
45, 935,
>,
.,000
49, 936, 439 336, 076, (
31, 605,
),648
.,000
49, 847,849 331, 614,;
,339
28, 925,
.,000
43, 733, 019 332, 545,!
),943
32,825,
1,000
43, 239, 249 337, 032, 34,460,
5,426
1,000
43, 052,559 338, 834,,413
32, 930,, 000
42, 961, 909 336, 313,,080
(
33,430,
,000
42, 320,759 331, 259, i
31,840,
),509
1,000
39,293. 479 331, 656,1
5,671
41,540,
.,000
38,867, 639 345, 739,1
,894
38,395,
.,000
38,736, 639 354, 431,'
,474
34, 305,
.,000
38,197, 309 357,777,: 2 2
M
32, 465,
1,000
38,016, 749 356, 312,:
38,470,
5,121
1,000
37,887, 439 356, 655,1
),800
50,330,
),000
37, 586, 629 361, 336,1
),533
65,350,
i,000
37, 544, 819 363, 709,!
76, 525,
),501
1,000
37,456, 339 364, 026,:
,153
74,460,,000
37,421, 999 363, 753,,939
69, 905,
.,000
37,387, 829 362,768,1
65, 785,
,808
,000
37,285,919
358, 336,!
61,130,,000
,368
37,226,879
357, 938, <
5,650
62, 335,
.,000
37, 017,789 367, 863,;
63,275,,000
,337
36,898, 559 374, 620,:
,299
52,825,,000
36,814,109
372, 838,!
,919
48, 285,
1,000
36, 725.409 373, 298,!
48, 640,
5,967
,000
36, 557, 689 376, 695,1
),592
43,315,,000
36, 494, 759 373, 515,)
1,000
,940
49, 075,
36,440, 789 380, 287,'
1,000
48,430,
^427
36,319,199
J
37,900,,000
35, 951, 999 387, 770,,898
392, 686,!
I,
),574
26, 915, 000
35, 883, 209
26,540,,000
,265
35, 820, 639 391, 225,:
.,000
(
26, 045,
35,693, 679 390, 659,,080
1,000
21, 9^75,
>,
35,473, 009 389,119, -436
,000
:
20, 280,
35, 393, 909 392, 990,,373
393,425,'
17,635,,000
,735
35, 338, 909
1,000
20, 055,
,575
35, 280, 649 391,177,1
.,000
5,146
20,190,
35,200, 259 392, 818,:
\000
,995
20,465,
33, 039, 939 392,331,1
392, 337, (
22,170,,000
r,684
32, 966, 839
,000
,705 . 23,105,
32, 892, 6*9 396, 400,'
398,874,,006
(
22,335,,000
32,845,029
1,000
400,379,:
,2*9
21,265,
32,786,189
.,000
5,6*2
21, 340,
32, 656, 269 401,2y8, (
.,0u0
401,869,;
,3*3
20, 8o5,
32,593,789
',
403, 088, i
5,395
19,9o5, 000
68,688,989
.403,632,;345
19,170,
J,
Total.
$458,
1,288,479
454,, 917, 861
:
451,
,113,962
442,, 819,755
!
440,
1,540, 561
431, 394.184
,
425,
.,654,419
412, 225,385
!
,
412,
1,782,733
426, 931,541
1
,
439, 790, 076
I
,
446, 002, 829
,
452,, 111, 727
'
449, 859,976
I
,
452, 474,173
I
,
457, 566,429
,
458,, 584, 508
1
452, 373, 790
I
,
452, 133,967
!
,
448,
1,951, 946
451, 066,158
,
449, 440, 370
I
,
448,
1,377,983
431, 444, 693
,
416. 740, 081
i
,
414, 249,184
,
409,
1,414, 945
409, 261, 280
I
,
418, 337,740
t
,
423, 518,321
1
,
425; 392, 697
.
,
449, 408, 350
I
,
444, 920,376
,
440,, 613,895
I
432, 024,872
I
,
417, 618, 087
,
410, 387,188
!
,
409,
1,103, 962
414,
,731, 675
414, 816,972
,
412, 704, 989
I
,
405,
,420.268
412,
1,490,150
423, 002, 533
1
,
427, 473,113
,
428,
1,439, 431
432, 798, 870
I
,
444, 873,239
,
464, 273,162
,
477,
,779.320
475,
.,942,492
471, 080, 938
465,, 941, 637
.
456,
1,752, 287
457, 500, 529
,
468, 156,126
,
464, 343, 858
,
457, 938,028
,
458, 664,376
I
,
456, 568, 281
1
,
459,
1,085, 699
465, 158, 216
,
461 ,990,097
455,, 553, 573
.
453, 648,474
I
,
452, 524, 719
,
446,
1,788,115
448, 743,382
i
,
446, 454,644
1
,
446, 571,484
1
,
448,
1,288,795
447; 997,254
,
447, 547, 623
'
,
452,
1,472, 544
454,, 101, 655
:
454,, 489,278
:
4o5, 424, 831
,
455,
,380,612
455,, 637,184
:
491,, 491,334
.
134
E E P O E T ON T H E FINANOES.
N o . 4 7 . - - G O L D CERTIFICATES, S I L V E R CERTIFICATES, AND C U R R E N C Y C E R T I F I CATES IN CIRCULATION AT T H E E N D OF EACH M O N T H , FROM J U N E , 1878—Cont'd.
Gold
certificates.
Mdiith.
1899—September
October - . .
November.
December .
1900—January - February.
March
April
May
June
July
August - . .
September
Silver
certificates.
$98,673,559 $400, 153, 881
127, 593, 519 394, 976,239
394, 292,800
150,908,202
161,122, 797 395, 040, 816
184, 882, 889 396, 519, 045
181, 266, 337 400, 103,487
173, 642, 851 403, 043, 359
197, 527,409 407, 193,810
204, 049,299 408, 477,649
408, 499, 347
200,555,469
410, 557,294
207,603,409
415 875,727
210,388,369
209, n o , 349 420. 265, 735
Currency
certificates.
$15,870,000
13,735,000
13.605,000
11, 980, 000
14, 580, 000
15, 270, 000
14, 335, 000
7, 260, 000
4, 785, 000
3,705, 000
2,680, 000
2, 560,000
1, 820 000
Total.
$514, 697 44b
536, 304,758
558, 806, 002
568,143, 613
595,981,934
596, 639, 824
591, 021, 210
611,981,219
617, 311,948
612,759,816
620,840,703
628, 824, 096
631,196, 084
N o . 4 8 . — E S T I M A T E D AMOUNT OF ALL KINDS O F MONEY I N CIRCULATION AT T H E
END O F E A C H M O N T H , F R O M J U N E , 1878.
Month.
1878—June
July
August . . .
September
October . . .
November.
December.
1879—January...
February-.
March
April
May
June
July
August . - September
October . . .
November.
Deceraber.
1880-^J a n u a r y . . .
Februai-y..
March
April..
May
June
July
August . . .
September
October . . .
November.
December .
1881—January...
February..
March
April
May
June
July
August . . .
Septeraber
October - - .
November.
December.
1882—January...
February .
March
April
May
June
July
August . . .
September
October . . .
November.
December.
1883—January...
February .
Gold.
739,774
83, 834,116
83, 638, 275
85, 264,111
85, 171,214
86, 225, 072
96, 262, 850
IOO, 442, 571
103, 581,169
106, 167,494
107, 433,441
107, 733, 920
no, 505,362
112, 540, 956
115, 299, 698
117, 049,732
136, 446,818
167, 253,930
178, 749,927
185, 834,585
195, 503,715
200, 384,423
208, 103, 774
220, 609,801
225, 695,779
231, 328, 438
238, 261,719
251, 893,684
264, 930,185
266, 059, 685
279, 458, 994
288, 797, 802
273, 041,291
281, 851,803
302, 895,033
312, 577,341
315, 312, 877
326, 418, 554
319, 290,055
327, 143,707
338, 840,772
338, 774, 375
349, 209,300
359, 912, 800
346, 752,147
353, 870,390
365, 674,497
355, 880, 275
358, 251, 325
359, 573, 222
356, 622,754
356, 580, 275
'355, 731,190
355, 945,168
353, 166,194
355, 115, 323
352,
Silver.
Notes.
$65, 773, 465 $584, 790,782
65, 942, 021 577,401,028
68,201, 029 578,201, 466
70,810,008
585,132, 562
71,831,010
587,256,002
73, 227, 306 587, 002,130
73, 773, 322 591, 437,909
74,924, 846 586, 691,309
580,314,294
75,-663,091
75,920, 066 591,402,197
76, 344, 239 596, 916, 963
76, 368,704 583,145,535
75, 000, 233 592,964,484
72, 035,108 604,945,998
71, 008, 227 601,007,468
71,162, 976 627, 836,196
642, 081, 905
72,248,325
652,993, 359
73,771,951
75, 562, 084 662,630,056
75,113, 046 658, 682, 918
74,646,153
659, 530,190
74, 595, 292 662, 943, 972
74, 703, 793 659,157, 271
74, 012, 548 651,542,715
73,821,223
650,461,108
73,810, 581 649,125, 808
74, 686,116 654, 353, 208
77, 282, 617 659,404, 705
663,444,195
80,404,334
82,469, 366 666, 700, 610
83, 968, 095 670, 489,202
83, 603, 719 665, 008,113
82,986, 284 663, 571,998
82, 680, 318 668, 075,136
82,003, 995 669, 812,768
81,584, 270 665,579, 418
81,667,347
665,797, 657
82,196,436
668,436, 631
83, 075, 534 670, 536,512
86.089, 364 673, 405,124
88, 312, 539 675, 522, 700
89, 266, 361 677,233, 283
90, 085, 222 676, 867, 993
88, 977, 803 672,469, 391
88, 287, 057 672, 590, 605
87, 258, 616 674,709, 311
85,919,100
672,236, 872
84, 881, 834 666,349,135
84, 370, 913 663, 285, 744
84.782, 815 661, 257,157
85.090, 343 663, 344, 063
86, 936, 601 670,160,734
672,401,103
89,771,291
91, 794, 884 671,470,083
93, n o , 986 673,577, 390
91, 477,616 663,913, 336
90, 819,420 667,598,769
Certificates.
$71,149,760
75,932, 670
66, 746, 460
63, 690, 280
58, 635, 270
59, 553, 840
54, 792, 640
57, 928, 020
53, 386,140
41, 650, 660
46, 813,140
41, 704, 260
45, 049, 300
56, 218,070
50,688, 590
45,259, 920
36, 176, 971
28, 675,182
25, 510,392
27,024, 454
25,422, 906
22, 581,006
23, 657,166
26, 711, 839
27,988,469
29, 857,959
26, 485,319
29, 568, 291
35,852,941
42, 336, 366
49, 636,091
51,936, 037
50, 897,197
52, 039, 715
53, 374,132
55, 520, 820
56, 520,249
57, 076,012
60, 908, 998
65, 934, 500
72,317,990
73,763, 570
77, 043, 440
78, 047,760
76,742, 330
75, 515, 360
74,969, 690
74, 344,980
72,780,110
71, 994,160
74, 546, 920
. 78, 652, 220
86, 825, 720
96, 635, 960
117, 533,470
128,538,460
121, 711,890
Total.
453,781
109, 835
796, 787,230
804, 896, 961
802, 893,496
806, 008,348
816, 266,721
819, 986, 746
812, 944, 694
815, 140,417
827, 507, 783
808, 952, 419
823, 519,379
845, 740,132
838; 003, 983
861, 308, 824
•886, 954, 019
922, 694, 422
942, 452,459
946, 655,003
955, 102, 964
960, 504, 693
965, 622, 004
972, 876, 903
977, 966, 579
984, 122, 786
993, 786, 362
I; 018,149, 297
1, 044,631, 655
1,057, 566, 027
552,
I, 083,345, 382
671
I, 089,496,770
I, 070,646, 972
1, 084,
085,928
1,108, 261, 849
1,115, 298,130
1,119, 127, 633
1,134, 811, 099
1,133, 572, 695
1,152, 994,001
1,174, 037, 589
1,179, 205, 955
1,193, 407, 754
1,199, 372,139
1,184, 353,677
1.191, 800,159
1,198, 456,224
1,181, 688,092
1.178, 607, 354
1,177, 604,080
1.179, 329,830
1.192, 729, 304
1, 204,
•846, 095
1,215, 388, 040
1, 237.044, 735
1,239,933, 659
1,232,
135
TREASUBEE.
N o . 4 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 T H E
END OF BACH MoNTH, FROM JuNE, 1878^Continued.
Month.
1883—^March
April
May
June
July
August
Septeinber . .
October . . . ^ .
Noveinber...
Deceraber . -.
1884—Januarj'^
February . . .
March
April
May
June
July
August
September . .
October
November...
December . . .
1885—January
February . . .
Mai?ch
April
May
Juhe
July
August
September..,
October
November...
December . .
1886—Jauuary
February...
March
April
May
Jline
July
August
September..
October
November...
December. 1887—January
February . . .
March
AprU
May
June
July
Angus b
September .
. October
November-.
Deoember..
1888—January....
February . . .
March
April
May
June
July
August
September .
October
November..
December..
1889—January
February . .
March
April
May
June.July
August
September .
October....
November..
Gold.
Silver.
$351,159,933
$89,684,770
350,823,098
88,992,402
347,134,163
'88, 619, 516
344,653,495
87, 816,179
342, 038, 527
89,051,107
89,891,494
344, 236, 232
.346, 067, 206
92, 568, 973
348,648,323
93, 032, 784
347,657,000
92, 918,180
347,093,446
92, 862, 522
346,418, 091
89,921, 972
345,112, 575
•87, 972, 931
346, 353,382
87, 239,193
344,813,781
87,464,407
340,673,301
86, 768, 095
340,624,203
85,455,721
339,167,112
85,425, 943
339,887, 557
84,964, 014
339, 949, 364
86,028,982
87,611,639
339, 657, 784
88, 419, 954
340, 636, 028
88, 965, 447
341,142, 648
86, 487, 800
341,'660,'992
85, 488, 407
341,133,130
84, 386, 833
342, 727, 561
83, 715, 749
342,712, 570
82, 536, 640
342,763, 852
82,174,190
341,668,411
88, 879, 327
340,612,138
91, 640, 886
342,120, 762
345, 985, 470
96, 603, 916
349, 085, 781 101,456,746
355,181,306
97, 261, 390
359,629,546
99,745, 519
362,757,418
97,466, 854
361, 683,821
97, 549, 382
97,466,796
362, 273,173
361,410,158
98, 681, 887
360,443, 324
99, 046, 643
357, 936, 337
98,625, 975
359, 074, 385 IOO, 603,161
364, 667, 768 103, 922,749
364, 720, 340 108,202,347
368,190,898
109,938, 706
372,072, 260 111, 281,755
372,290,259
110,562, 336
371,729, 450 107, 329, 688
371,792,210
105, 979, 252
373,208,461
105, 328, 365
375, 241,850 104,187, 379
377,794,495
103,916,961
376, 419, 229 104, 076, 452
377,350, 294 104, 859, 052
381, 550, 256 106, 201, 911
391,090,890
n o , 761, 067
392, 585, 770 113, 930, 676
396,450,215
116, 012, 846
399,361,143
116,191,175
398,661,926
113, 252, 970
398, 280, 517 111,570, 231
397,745, 984 110,086, 123
398, 568,122 108,433, 050
396, 379, 632 106, 920, 085
392, 066,854 105, 899, 938
378, 606, 804 105, 386, 405
376, 347, 905 106, 296, 864
377, 329,864 109,772, 331
380, 016, 817 112, 263,162
381, 391, 086 113, 389, 582
379,834, 512 114,013,846
380,116, 365 n o , 814, 980
379,497, 911 109, 376, 655
378,072, 380 108,197,451
377, 407, 308 107, 269, 882
376, 962, 858 106,164, 862
376, 055, 482 105, 894, 801
374, 798,435 105, 741,404
375, 811, 209 106,779,095
375, 947, 715 110,305,452
375, 685, 071 113, 779, 361
374,769, 489 115,090 423
Notes.
Certificates.
Total.
$671,795,323 $123,669,501 $1, 236, 309,527
667,915,332
130,332, 271 1, 238, 063,103
662,304,870
143,109,331
1, 241,167,880
658,037.323
145,488, 056 I, 235,995,053
655,819,193
146,682, 281 I, 233, 591,108
656,776, 322 141, 977, 701 1,232, 881, 749
656,197,000
145,806, 901 1,240,640,080
654, 668, 219 149, 955, 561 I, 246,304, 887
650,036, 782 161,238,821
1,251,850 783
648, 030, 298 174, 782, 861 1, 262, 769,127
638,458, 888 191, 255, 651
I, 266, 054, 602
1, 259, 910,041
634, 608, 384 192, 210 151
1,250,228,804
636,949,503
179, 686, 726
633,181, 384 167,118, 786, I, 232, 578, 358
1, 235, 394, 252
640,433, 905 167,518,951
1, 242, 223,410
•636,379, 835 179, 763, 651
1, 254, 876, 951
630,489,045
199, 794,851
630, 355, 358 200, 516, 631 .1,255,723,560
634,121,124
199,510,911 . 1, 259, 610, 381
635, 574, 961 206, 377,131 . 1,269,221, 515
220, 937,821 1,284,728,985
634,735,182
628, 243, 779 232, 913,331 1,291,265,205
614, 891, 806 255,924,191
1, 298, 964, 789
611, 616,173 254, 351, 241 I, 292, 588. 951
613, 582,183 254, 357, 766 1,29,5, 054, 343
611, no, 470 260, 078, 746 1, 297, 617, 535
603,447, 066 260, 563,196 .1, 289, 310, 754
608, 545, 007 257, 845, 676, 1, 290,233, 284
605, 559, 730 253, 581,106 1,288,632,301
598,897, 959 250, 829, 786 . 1, 283,489, 393
605, 703, 398 234, 979, 506 1,283,272, 290
610, 826, 521 220,312, 532 , I, 281, 681, 580
614,363, 864 215, 811, 734 1, 282, 618, 294
616,114, 352 212,329,066
1,287,818,483
605, 839,732 219, 636,560 I, 285,700, 564
208,947, 866 1,276,704,711
608,523,642
616, 224, 717 192,823,064
1, 268,787,750
618,-508,114
186, 963, 366 1, 265, 563, 525
612, 642, 933 183, 259,154 1,255,392,054
610, 039,174 182,410,600. I, 249, 012, 086
608,083,003
181,387,561. 1,249,148,110
60.1,277,464
177, 915,107 . 1, 247, 783, 088
603, 451, 983 187, 783, 919 1,264,158,589
606, 690, 255 195,741,769
I, 280, 561, 628
606, 730, 071 203, 065,450 1, 293,149, 536
610, 561, 427 220.972,275
1, 314, 386, 297
601,853,739
232, 700, 821 I, 313, 613, 698
598, 604, 050 229, 269,120 I, 305, 644, 632
602, 778, 304 233, 111, 504 1,314,426,634
599,418,200
240, 524, 915. 1, 319, 372, 344
593,978,802
239, 094, 305 1, 314, 784, 563
594,451,707
242,113, 454. 1, 317,060, 842
591, 733, 483 247, 616, 228. 1,321, 559, 057
589,167, 580 243, 771, 725 1, 320, 691, 472
592, 318, 741 258, 874,509 , I, 353, 045, 207
591, 962, 227 267, 613,730 I, 366, 092,403
590, 086, 310 265, 765, 027 1, 368, 314, 398
587, 716, o n 280, 574,480 1,383,842,809
575,940,978
294, 820, 024 1, 382, 675, 898
569, 296,045 292, 365, 572 1, 371, 512, 365
568, 268, 810 292, 395, 394 1,368,496,311
560,118, 709 304, 543. 225 1, 371, 663,106
549, 401, 278 318,457,135
1, 371.158,130
539,432, 532 334,689, 746 I, 372; 089, 070
532, 885,177 350, 844, 791 I, 367, 723,177
528, 922, 493 349, 054, 360 I, 360, 621, 622
530, 827, 748 366,129, 791 1,384,059,734
533, 377, 959 381, 976, 810 . 1,407,634,748
378, 040, 017 1, 405, 884, 161
533,063,476
535, 041, 302 377, 358,447 1,406, 248,107
526, 922,113 390, 239, 030 1,408,092,488
522,275, 518 392,759,670
1,403,909,754
525,154,139
394, 540,196 1, 405, 964,166
523,150, 462 406,133,992
1,413, 961, 644
513, 324,279 400, 732, 472 1, 397,184, 471
507,384,283
390,630, 204 1, 379, 964, 770
503,102, 804 395, 673,534 1,379,316,177
498, 982, 791 408, 519,145 . I, 390, 092, 240
.
509, 919,839 408, 570, 064 1,404, 743, 070
513,581,925
410, 767,173 ,I,413,-813,530
517,016, 658 410,417, 505 1,417,294,075
136
No.
EEPOET ON THE FINANCES.
4 8 . — ^ E S T I M A T E D AMOUNT O F ALL K I N D S OF M O N E Y I N CIRCULATION AT T H E
END OF EACH MoNTH, FROM JuNE, 1878—Continued.
Month.
1889—December.
1890—January...
February ,
March
April
May
June
July
August...
Septeinber
October . . .
November.
December.
1891—January...
February .
March
April
May
June
July
August . . .
September
October . . .
November.
December .
1892—January...
February .
March
April
May
June
July
August . . ,
September
October . . .
November.
December.
1893—January...
February .
March
April
May
June
July
August . . .
September
October . . .
November.
December.
1894—January...
February .
March
April
May
June
July
August . . .
September
October . . .
November.
December.
1895—January...
February .
March
April.
May
June
July
• August . . .
September
October . . .
November.
December.
1896—January...
February..
March
April
May
June
July
Gold.
Silver.
Notes.
$375,705,922 $116, 035, 904. $523, 594,121
374,937,316
113 508 777 515,719,251
373, 507, 203 112 322 742 514, 518, 290
373,624,488
III 832 628 518,438,765
374, 310, 922
799 016 515,998, 969
375,246, 356 110 264 043 510, 005,445
374, 396, 381
236 099 504,443,649
375,114,196
111 265 631 502,185,113
379,053,187
113 455 560 506, 734, 731
386,939,723
118 444 300 518, 004, 630
400,378,130
123 351 222 521, 832, 899
405,105, 897 125 521 324 527, 707, 019
411, 080, 597 126 198 177 532, 310, 752
409,441,335
122 542 578 522,410, 612
408, 752, 874 120 906 191 525, 328, 516
408, 468, 850 120 175 012 536,071,998
408, 862,781 119 061 325 535, 376, 758
406, 661, 860 117 721 936 529, 092, 375
408, 073, 806 115 973 965 526, 099,477
407,630,012
115 927 343 525,818, 634
406, 745, 335 117 113 365 527,756, 843
408, 333, 304 119 858 621 550,026,495
406,770,367
124 240 597 565,473, 236
405,931, 402 125 542 641 572,499,448
407,999,180
125 103 021 577, 490,841
1 407,833,022
122 632 601 573, 312, 239
i 407,813,501
121 573 237 565, 679, 689
407,614,418
121 019 397 570,155,327
407,615,949
120 387 980 574, 354,720
408,911,657
119 833 259 572, 949, 939
408,767,740
119 186 002 577,173, 454
I 410,447,360
120 378 799 580, 204. 514
411,154,411
121 520 025 587, 695, 624
! 411,524,329 124 485 312 594,690,116
411,252,197
127 657 863 611, 871,794
410,367,863
129 101 941 1 620,436, 820
412,970,960
130 150 203 621, 334, 561
411,688,068
127 737 325 610, 244, 567
409, 817,138 124 453 928 610,466,615
61.8, 017, 528
407,799,951
125 589 365
620, 356, 535
410,759,520
125 092 525
623,448, 305
1 407,945,944
124 217 091
636, 268, 516
403,633,700
122 430 OII
648, 303, 539
416, 909, 941 120 231 118
469,466,368
125 989 868 672, 881, 050
484, 296,109 122 932 873 681,928,203
1 498,121,679
123 035 625 670,455, 837
505,058,011
123 967 567 658,178,636
508,602,811
123 724 329 650,688,297
527,357, 916 116 844 420 643,469,448
496,830,383
114 496 458 629,488, 335
496,101,956
113 113 582 629, 025,097
497,894,733
111 780 433 624, 552, 395
496,799,152
109 896 941 610, 388, 800
497,873,990
109 424 721 604, 388, 731
499,103, 577 109 210 342 597.126, 353
497,407, 586 109 959 353 590, 352, 596
500,126, 248 112 521 Oil 591, 325, 565
500,181,380
116 686 669 605,785, 003
465, 789,187 119 056 832 604, 002,449
485, 501, 376 120 561 176 589,061,377
506,189,411
117 584 059 573,143, 964
468,568,100
115 589 957 576.127, 316
479,493, 899 113 790 903 581, 484, 677
483, 111, 525 113 066 719 593,994, 630
483, 770,430 112 599 057 591, 472, 329
480, 275, 057 112 202 880 588,135, 710
485, 778, 610 112 279 214 591, 083, 265
479,787, 653 112 675 001 561, 712,024
469, 884, 062 116 556 070 554, 233, 001
475,181, 593 122 186 851 560, 876, 977
480,252,104
124 176 832 557,741, 671
484,728, 547 123 623 612 553, 236,478
499,262, 686 121 016 811 559, 053,922
445,293, 591 119 260 002 555,084, 502
445, 912,256 117 763 055 550, 222,477
454,225, 656 116 091 869 554, 872, 585
455,876, 439 114 074 044 538,928, 811
456,128,483
112 175 803 536, 000, 646
^ 445,293,944 111 663 358 545,455,690
no
no
Certificates.
Total.
,
$414, 934, 962 $1,430,270,909
,
431, 618, 940 1,435, 784,284
,
425. on, 066 I, 425, 359,301
1,203, 641 1,437,099,522
433,
1
436:, 361,187 I, 437, 470,094
.
,
435, 299, 482 1,430,815,326
),
440, 420,062 1,429,496,191
I
,
443, 013, 662 '1,431,578,602
i
436, 673, 749 1,435, 917, 227
:
,
474, 415,946 1,497, 804,599
1,290,156
453,
I, 498, 852, 407
;
,
446, 162, 998 1, 504,497, 238
1,146, 742 I, 528, 736, 268
459,
.
47i:, 043, 535 I, 525, 438, 060
1
,
463, 211, 388 1, 518,198,969
.
,
465, 094, 604 1,529, 810, 464
,
465, 824, 239 i, 529,125,103
S
450, 415,717
I, 503, 891, 888
I
449,, 579, 547 1,499,726, 795
I
450:, 271, 503 1, 499, 647,492
:
454,, 316,400 I, 505, 931, 943
1,313,056
452,
1, 530, 531, 476
1,007,961
468,
1, 564, 492,161
1,288, 579 I, 577, 262, 070
473,
,
478, 188, 687 I, 588, 781, 729
,
500, 077, 266 1, 603, 855,128
,
514, 492, 465 1, 609, 558,892
,
509, 852, 378 1,608, 641, 520
511 ,213, 595 I, 613, 572, 244
1,315, 374 1, 620, 010, 229
518:
'
497,, 946,142 1, 603, 073, 338
I
,
490; 918, 652 1, 601, 949, 325
1,886, 524 1, 599, 256, 584
478,
,
465. 350, 226 1,596, 049,983
.
455,, 357, 881 1, 606,139, 735
,
454, 883,642 1, 614, 790, 266
i
446,, 228,150 1, 610, 683, 874
!
,
458, 288,479 1, 607,958,439
,917,861
454,
1, 599, 655,542
451, 113, 962 I, 602, 520, 806
,
,
442, 819, 755 I, 599, 028, 335
I
,
440, 540, 561 1,596,151,901
.
,
431, 394,184 1, 593, 726, 411
.
,
425, 654, 419 1, 611, 099,017
1
,
412, 225, 385 1, 680, 562, 671
t
,
412, 782,733 I, 701, 939,918
1
426,, 931, 541 1,718, 544, 682
1,790,076
439,
1, 726, 994, 290
1,002, 829 I, 729,018, 266
446;
1
,
452, 111, 727 1, 739, 783,511
1,859, 976 1,690, 675,152
449,
:
,
452, 474,173 1, 690,714, 808
,566,429
457,
1, 691, 793,990
1
,
458, 584, 508 I, 675, 669, 401
1
,
452, 373, 790 1, 664,061, 232
!
,
452, 133, 967 1, 657, 574,239
1,951, 946 I, 646, 671, 481
448,
451, 066,158 I, 655, 038, 982
I
,
449, 440, 370 1, 672, 093, 422
1
,
448, 377, 983 1,637,226,451
.
,
431, 444, 693 1, 626, 568, 622
.
416,, 740, 081 1,613,657,515
,
414, 249,184 1,574, 534, 557
,414,945
409,
I, 584,184,424
'
409,, 261,280 1, 599,434,154
,
418, 337, 740 I, 606,179, 556
,
423, 518, 321 1,604,131,968
,
425, 392, 697 1,614,533,786
,
449, 408, 350 1, 603, 583, 028
,
444, 920, 376 I, 585, 593, 509
1,613,895
440,
1, 598, 859, 316
1,024,872 1, 594,195, 479
432,
,
417, 618,087 1, 579, 206,724
1,387,188
410,
1, 589,720, 607
1,103, 962 1,528,742,057
409,
414, 731,675 1, 528, 629,463
,
414, 816, 972 1, 540, 007, 082
1
,
412, 704, 989 1,521,584,283
.
405,, 420, 268 1, 509,725, 200
1,490,150
412,
1,514,903,142
137
TEEASUEEE.
N o . 48.-
-ESTIMATED AMOUNT OF ALL K I N D S OF M O N E Y I N CIRCULATION AT T H E
END OF BACH MONTH, FROM JuNE, 1878—Continued.
Month.
Gold.
SUver.
Notes.
Certificates.
Total.
$463,995,969 $113,145, 348 $539, 025, 784 $423, 002, 533 $1, 539,169, 634
478, 771,490
116, 741, 476 559, 316, 210 427, 473,113
1,582, 302, 289
516,340,979
119, 362, 538 562,912,666
428,439,431
I, 627,055, 614
577, 188, 803 432,798, 870
516, 729, 882
119, 727,191
I, 646,444, 746
517,743, 229
120, 683, 805 566, 923,127 444, 873, 239 1, 650,223,400
568, 985,891
515,468,129
1, 665,977,688
117,250, 506
464, 273,162
516,315, 696
116, 088, 357 565, 511, 580 477, 779, 320 I, 675,694, 953
561,178,633
517,125,757
I, 669,000, 694
114,753, 812
475,942,492
564,203,697
113, 954,152
471, 080, 938 I, 666,560,383
517, 321,596
113,314, 083
520, 221,923
560, 256, 252 465, 941, 637 I, 659,733,895
III, 229, 742 558, 899, 542 456, 752, 287 1, 646,028, 246
519,146,675
519,074,302
559,109, 304
110.787.004
457,500, 529 I, 646,471,139
I, 665,680,098
521,848,563
563, 653. 453 468,156,126
112,021,956
I, 678,840,538
528, 098, 753
568, 075.742
118, 322,185
464, 343,858
1, 706,732, 904
539, 273,953
585,891, 216
123, 629,707
457, 938,028
544.494, 748
126,109, 806 591, 815, 608 458, 664, 376 1, 721,084,538
547, 568, 360
589, 752, 618 456, 568, 281 1, 721,100, 640
127, 211,381
551, 584, 924
594, 886, 369 459, 085, 699 1, 729,991, 228
124, 434,236
I, 726,376, 659
553, 884, 882
123, 291, 715 584, 041, 846 465,158,216
582,129,742
123,181, 399 588, 757,407
461,990, 097 I, 756,058, 645
617, 038, 510
611,022, 078
123,147, 281
455, 553, 573 I, 806,761, 442
649,571, 881
615, 039,478
453, 648, 474 I, 839,898, 256
121, 638,423
I, 843.435,749
660, 959, 880
608,367,612
452,524,719
121,583,538
1,809, 198, 344
645, 246, 054
446, 788,115
121,287, 793 595,876, 382
630, 693,166
590,162,161
448,743, 382 1, 792,096, 545
122,497, 836
622, 649, 812
446,454, 644 I, 816,596, 392
127,376, 768 620,115,168
649,846,727
637, 841, 364 446. 571, 484 I, 866,575,782
132.316, 207
658, 986. 513
448, 288, 795 I, 886,879.504
133, 977, 609 645, 626,587
667,796,579
135, 811, 371 645, 696, 208 447, 997, 254 1,897, 301, 412
696, 987,400
132, 512, 604 641, 212,930
447, 547, 623 1, 918,260,557
I, 928,842, 612
702i 305, 269
132,279, 219 641,785, 580 452,472, 544
1,927, 846,942
694,855,942
134, 033, 097 644,856, 248 454,101, 655
1, 933,867,892
644,493, 653 454,489. 278
701, 077,442
133, 807,519
455,424, 831 1, 955,501, 009
724, 282,177
133, 479,197
642, 314,804
932,
640, 985, 735 455, 380. 612 1, 931,484, 239
702, 060, 459 134,057,433
1,
117, 204
133, 686,146
641,537, 490 455,637,184
700, 256,384
1, 942,131,141
491,491, 334
137,404,073
640,302, 542
672, 933,192
1, 948,703,186
646,561,185
142.801.005
644, 643, 556 514, 697, 440 I, 963,716,148
634, 650,733
147,534,904
645, 225, 753 536, 304,758
I, 978,528, 733
6-27, 480,101
147,153,188
645, 089, 442 558, 806, 002
398,170
147,071,368
647,205, 359 568,143, 613 1, 980,149, 355
617, 977,830
644,402, 813 595, 981, 934 2, 003,931, 791
619, 447,176
143.317, 432
650, 026,174
612, 333,489
143,932,304
596, 639, 824 2, 002,274,506
612, 202, 698 143,440, 271 674, 610, 327 591, 021,210
2, 021,525, 463
616,535, 746 143, 334, 651 688, 673,847
611, 981, 219 2, 060,687,871
695,447, 278 617, 311, 948 2, 074,425, 496
618, 624, 530 143, 304,115
612,759, 816 2, 062,353, 408
614, 918,991
142, 723, 526 692, 023,163
620, 840, 703 2, 087,683, 042
622,348,108
142, 300, 541 701,864,056
702,475,145
628,824, 096 . 2, 096,
620, 695, 656 144, 688,145
294,983
711,443,132
631,196,084
620,047,309
150,608,458
2,113,
1896—August
September.
October...
November.
December.
1897—January...
February .
March . . . .
April
May
June
July
August...
September
October . . .
November.
December.
1898—January...
February..
March
April
May
June..
July
August ...
Septeraber
October . . .
November
December.
1899—January . .
February .
March . . . April
May
June
July
August...
September
October . . .
November.
December.
1900—January...
Februa'ry .
March.....
April
May
June
July
August ...
September
N o . 4 9 . — E S T I M A T E D AMOUNT OF GOLD AND GOLD C E R T I F I C A T E S , S I L V E R AND
S I L V E R CERTIFICATES, AND N O T E S AND C U R R E N C Y C E R T I F I C A T E S I N CIRCULATION
AT THE END OF EACH M O N T H , FROM J U N E , 1 8 7 8 .
Month.
1878—June
July
August
September
October —
November"
December.
1879—January..
February.
March
April
May
June
July
August...
September
October...
N o t e s and
Gold a n d gold S i l v e r a n d
certificates. s i l v e r certifi- c u r r e n c y certificates.
cates.
$109,637,454
107.687.096
100, 860,455
108, 697, 791
108,077,694
110,342,852
117, 452,130
117, 525, 251
119, 960,449
122,421, 454
123,143, 901
123,114, 040
125, 785,182
127, 737, 856
130, 308, 398
1:51,892,932
150,824,418
$65, 780, 545
66, 901, 711
69,910,309
71, 521, 608
71, 899, 800
73, 593, 366
74,186, 682
75,325,186
75, 994, 951
76,171, 766
76, 541, 919
76,812, 844
75,414,713
72, 806, 278
72, 313,117
72, 339, 696
73,852,696
$631, 035, 782
628, 521, 028
626, 016,466
624, 677,562
622, 916, 002
622, 072,130
624,627, 909
627,136, 309
616, 989,294
616, 547,197
627. 821, 963
609, 025, 535
622,319,484
645,195, 998
635, 382,468
657, 076,196
662,276, 905
Total.
$806,453, 781
803,109, 835
796, 787, 230
804, 896, 961
802, 893, 496
806, 008, 348
816, 266, 721
819, 986, 746
812,944, 694
815,140, 417
827, 507,783
808,952,419
823, 519, 379
845, 740,132
838,003, 983
861,308,824
886, 954,019
138
REPORT ON THE FINANOES.
N o . 4 9 . — E S T I M A T E D AMOUNT O F GOLD AI^D GOLD CERfiFiCAl^iES, SILV'ER A N D
S I L V E R CERTiFiCA'rfis, AND NOTES AND C U R R E N C Y CERTirtCATES, ETC.—Cont'd.
Month.
1879—November
December.
1880—January..
Februairy.
March
April
May
June
July
August...
September
October—
November
December.
1881—January..
February.
March
April
May
June
July
August —
September
October...
November
December.
188'2—January..
February March
April
May
JunCi
July
August...
September
October—
Noveraber
Deceraber.
1883—January..
February.
March
April
May
June-.
July......
August...
September
October...
November
December.
1884—January . .
February.
March
April
May
June
o July
August - . .
September
October...
Noveraber
December.
1885-January..
February.
March
April
May
June
. July
August...
September
October...
November
„, December.
1886-..-January..
February.
March
April
May
SUver and
Notes and
Gold and gold silver certifi- currency cercertificates.
cates.
tificates.
$180, 449,390
190,346,067
196,184,585
205,259,015
208,628,423
216,160,674
228,620,101
233, 659, 679
239,180,438
245, 922,819
259, 373,784
272,377,885
273,441, 065
285,987,374
295,289, 202
279, 270, 691
287, 880, 703
308,856,233
318,453,621
321,072,397
332,166,674
324,687,175
332, 383,027
344,044,992
343, 973, 995
354,397,420
365,093, 020
351, 924,467
359,037,310
370,745, 617
360,933,195
363,-280,345
364, 589, 662
361, 614, 794
'361, 487,715
367,101, 460
375, 403, 438
-392, 681, 004
402, 784, 963
395, 358, 050
394,604,443
399, 221, 298
406,726,103
404,460, 865
402,107,127
398,783, 772
401,082,146
400, 724, 503
406, 554, 620
410.678, 586
423, 880,711
422, 956, 005
415,165, 532
401, 514, 586
399, 798, 781
411,770, 843
430, 658, 602
431,905, 497
427, 339, 024
427, 523, 354
434,010,318
434, 430, 068
453, 641, 372
453, 816, 420
458, 375,101
467, 947, 370
471,316,862
468, 398,141
463, 901,138
466, 006, 252
464,123, 260
458,106,541
460, 735, 398
464,989,147
478, 042,369
467, 320, 871
453, 048, 816
446,125, 383
440, 563, 349
,673 $666,578, 359
$75, 666,
1,336
79, 386,
672,720,056
1,500
79,102,
671,367,918
,759
79, 218,
670, 625,190
,298
80, 612,
671, 263, 972
,159
81, 319,
668,142, 271
,087
80,064,
664,192,715
,792
79, 610,
664, 696,108
,540
80,741,
664, 200, 808
,335
82,305,
665, 558, 208
,808
89,485,
669, 289,705
,575
100,184,
672, 069,195
,352
675,150, 610
108, 974,
,806
120, 095,
677, 469,202
1
,
120,418, 356 673.638.113
,081
671, 211,998
120, 014,
1,133
674,640,136
122,126,
,927
121,161,
678, 067,768
1
,
120, 3'68, 810 676,439,418
,076
677,447, 657
120, 778,
,328
678, 961, 631
122,999,
',412
679,986,512
129,137,
I
,
138, 679, 544 681, 510,124
,309
147,151,
683, 797,700
1,311
I48. 840,
686, 223, 283
,542
152, 400,
686,407, 993
,343
683,799, 391
150, 515,
1,067
148,412,
684, 0.35, 605
!
,
146,682, 056 685, 634, 311
,670
683, 226, 872
144, 827,
1,894
678, 414,135
142,108,
',003
676, 530, 744
-138,877,
,535
673.477,157
139, 540,
1,223
675,159, 063
142, 830,
,381
680,700, 734
l50,141, 741
,
682,236,103
155, 391,
,574
681, 305, 083
159,137,
,646
683,152, 390
161, 554,
1,436 676, 343, 336
159, 916,
1,840 678,728, 769
158, 846,
,761
681, 260, 323
160, 444,
1,473 677.965, 332
160,876,
1,907 674, 094, 870
160, 346,
1,865 671, 097, 323
160,436,
',788
668,704,193
162, 779,
1,655 668, 831, 322
165, 266,
1,934 668, 067, 000
171, 490,
,165
667, 213, 219
178,367,
,381
664, 401, 782
180, 894,
,243
662, 510, 298
189,580,
1,003 655, 293, 888
186, 880,
•,652 652,733, 384
184, 220,
1,769 651, 904, 503
183,158,
1,388 648,101,384
182, 962,
,566
651,463,905
184,131,
1,732 648, 569, 835
181, 882,
,304
180, 564,- 705 643, 654, 045
,
179,192,
1,233 644, 625, 358
182,520,
649,751,124
,200
188, 353, 485 653,344, 961
1
,
657. 310,182
193,408,
,358
203,831,
653; 003,779
1,611
644,976, 806
200,346,
1,358
641,816,173
196,956,
,059
639,792,183
196, 887,
1,695
636, 510,470
193,159,
,826
630, 372, 066
187, 621,
1,136
638,130,007
183,705,
,433
636, 979,730
,182
187,751,
629, 762, 959
1,632
187, 720,
628, 888, 398
,518
190, 260,
,032
194, 603,
628, 971, 521
,984
631,918, 864
189,964,
1,463
192,924,
629, 904,352
,198
620,429,732
187, 228,
I
,
185, 940, 217 623,443, 642
,028
628,149,717
187,589,
1,772
189,415,
630.023.114
188, 230,
626, 597,933
$922,1
942,'
946,1
955,
960,!
139
TKEASUBBE.
N o . 4-9.—-ESTIMATED AMOUNT O F GOLD AND GOLD CERTIFICATES, SILVER AND
SILVER CERTIFICATES, AND NOTES AND 'CIIRRENCY CERTIFICATES, ETC.—Cont'd.
Moiith.
1886—June
July
August —
September.
October —
November.
December..
1887—January ...
February.
March
April
,
May
Jline
July......
August...
Septeinber
October...
November
December.
1888—Jaiiiiary . .
February.
March
April.
May
June
July
August —
September
October
November
December..
1889—January . .
February.
Marcli
April
May . . . . . .
Jurie
July
August...
September
October...
November
December.
1890—January..
February.
Mai-ch
April
May......
June
July
August...
September
October
November
December.
1891—January..
February.
March
April
May
June..
July
August...
September
October...
November
December.
1892—January. February March
April
May
June
July
August - . .
September
October..November
Deceinber.
Silver and
Notes and
Gold and gold silver certifi- curirehcy Cercertificates.
cates.
tificates.
$433, 980, 712
433, 792, 902
442, 366,115
449,412,147
456,485, 867
462, 592, 893
469,505, 864
477,394,557
471, 750, 575
467, 254, 476
469, 676, 335
468,755,472
467, 644, 666
472,340,381
470,315,596
489,075, 573
492, 270, 543
487,230,968
496,095, 200
503, 515, 897
494, 978, 430
489, 699, 933
498,129, 415
505, 961, 362
511,954,224
510, 565, 916
501,098,299
512,168, 054
520, 630, 475
510, 655, 314
500,722, 960
511,102,957
509,708, 628
506, 898, 897
514, 022, 097
506, 007, 520
492, 848, 241
493, 339, 844
499, 204, 728
492,623,064
496, 622, 300
498, 252, 608
498, 691, 811
513, 594,485
"504,112, 007
508,562,567
508, 953, 761
506,034, 755
505, 776, 400
507, 558, 945
503,435,726
545, 044, 462
538,552,109
536,422, 396
555,127, 876
565, 280, 784
555, 872, 003
552, 785, 919
547,753, 580
528, 786,199
528, 924, 205
523, 345, 401
515, 018, 414
520,784,873'
542, 870, 686
548, 581,371
556,105,299
'571, 011,981
567, 814,780
561,943,647
561,329,648
566, 206, 866
550,003,079
547, 309,189
539, 541, 790
532, 734, 728
531, 507, 546
533,556,672
530,064,099
$186, 742, 200
188,167, 205
192,944,509
203,589,459
210, 245, 506
216, 801, 572
227, 809, 006
225, 645, 402
227, n o , 007
237, 258, 854
241, 927, 809
243, 060,289
246,194, 469
249, 025,193
254, 078, 296
265,115, 893
274, 644, 633
284,162,120
293, 046, 598
292, 574, 023
296, 022, 890
301, 612, 568
302, 859, 982
303,565,490
306, 287, 314
309, 067, 084
315, 955, 830
328, 333, 932
342,046, 314
350, 805, 371
360, 233, 845
356,152, 418
356, 005, 608
359, 461,130
362, 209, 085
361, 702, 672
362, 997, 246
365, 298, 529
375, 359, 721
386, 925,167
391, 099, 305
391,884,809
398, 984, 977
394, 840, 548
396,499,004
402, 438.190
403, 722, 364
404, 920,126
407, 446,142
410, 014, 544
416, 926,770
427, 765, 507
431, 557, 399
434,097,823
434,487, 640
426, 386, 664
424,728,450
429, 807, 547
431, 994, 765
428, 263, 314
423, 338,113
423, 218, 457
434, 701, 686
441, 875,108
445,383,239
446,416, 251
445, 920, 589
442, 770,908
446, 714, 423
446, 702, 546
447, 677,876
447,123, 424
446,066, 805
447, 715, 622
449, 809,170
451, 335,139
452,210, 395
452, 566, 774
452,185, 214
$628, 289,174
627,188, 003
612,472,464
611,156, 983
613, 830, 255
613,755,071
617,071,427
610, 573,739
606, 784,050
609,91.3,304.
607, 768, 200
602, 968, 802
603, 221,707
600,193,483
596, 297,580
598, 853,741
599,177, 227
596, 921. 310
594, 701, on
586, 585, 978
580,511,045
577,183, 810
570, 673, 709
561, 631, 278
553, 847, 532
548, 090,177
543, 567, 493
543, 557, 748
544, 957, 959
544, 423, 476
545, 291, 302
540,837,113
538,195, 518
539,004,139.
537, 730,462
529,474, 279
524.119, 283
520, 677, 804
515,527,791
525,194, 839
526,091,925
527,156, 658
532,594,121
527, 349, 251
524, 748, 290
526,098,765
524, 793, 909
519,860,445
516, 273, 649
514,005,113
515, 554, 731
524, 994, 030
528, 742, 899
533, 977, 019
539.120, 752
533, 770, 612
537, 598, 516
547,216,998
549, 376, 758
546, 842, 375
547,464,477
553,083,634
556,211,843
567, 871,495
576, 238, 236
582, 264, 448
586.755, 841
590, 072, 239
595, 029, 689
599,995,327
604, 564, 720
606, 679, 939
607, 003, 454
606, 924, 514
609, 905, 624
611, 980,116
622, 421, 794
628, 666, 820
628, 434, 561
Total.
$1,249, 012, 086
1, 249,
1, 247,148, no
1, 264,783, 088
I, 280,158, 589
I, 293,561, 628
1, 314,149,536
1, 313,386, 297
1, 305,613, 698
I, 314,644, 632
1, 319,426, 634
I, 314,372, 344
I, 317,784, 563
I, 321,060, 842
I, 320,559,057
1,353,691,472
045, 207
I, 366,
I, 368,092,403
I, 383,314, 398
1, 382,842, 809
I, 371,675, 898
1,368, 512, 365
1, 371,496, 311
1,371, 663.106
1, 372,158,130
1, 367,089,070
I, 360,723,177
1,384, 621, 622
1.407, 059, 734
1,405, 634,748
1, 406,
884,161
1, 408,248.107
1,403, 092,488
1, 405,
909, 754
1, 413,964,166
1, 397,
961, 644
1, 379,184, 471
1, 379,964, 770
1, 390,316,177
1,4.04, 092,240
1,413, 743, 070
1, 417,813, 530
1, 430,294, 075
1, 435,
270, 909
1,425, 784,284
1, 437,359, 301
1, 437,099, 522
1, 430,470. 094
1,429, 815, 326
1,431, 496,191
1, 435,578,602
1, 497,917,227
804,599
1.498, 852,407
1,504, 497, 238
1, 528,736, 268
1, 525,438, 060
I, 518,198, 969
1, 529,810, 464
I, 529,125,103
1, 503,
891,888
1, 499,726, 795
1.499, 647,492
1, 505,931,943
1, 530 531,476
1, 564,492,161
1, 577,
262,070
1, 588,
781, 729
1, 603,855,128
1, 609,558, 892
1, 608,641, 520
1,613, 572,244
1, 620,010, 229
1, 603,073,338
1,601, 949,325
1, 599,
256,584
1, 596,049, 983
1, 606,139, 735
1, 614,790, 266
1,610. 683,874
140
E E P O E T ON T H E FINANOES.
N o . 4 9 . — E S T I M A T E D AMOUNT O F GOLD AND GOLD C E R T I F I C A T E S , S I L V E R AND
S I L V E R CERTIFICATES, AND N O T E S AND C U R R E N C Y CERTIFICATES, ETC.—Cont'd.
Silver a n d
Gold and gold] silver certifi- Notes a n d
currency cercertificates.
cates.
tificates.
Month. "
1893—January...
February..
March
April
May
June
July.:
August
September.
October
November.
December..
1894—January . . .
February..
March
April
June
July
August
September
October
November
December
1895—January
February
March
April
May
June
July
August
September
October
November
Deceraber
1896—January.
Feoruary.-.
March
April
May
June
July
August
September.
October
November.
Deceraber .
1897—J a n u a r y . . .
February..
March
April
May
:
.:
Jurie
July
August
SepteraberOctober
November .
December-.
1898—January - . .
February . .
March
April
May
June
July
August
September.
October
November December-.
1899—January
February..
March
April
May
June.
July.......
August
l
Total.
$532, 333, 887 $450,929, 985 $624, 694, 567 $1,607, 958,439
524, 205,867
445,733,060
629,716, 615 1,599 655, 542
519, 284,960
448,548, 318 634, 687,528 1,602; 520i 806
516, 031, 549 446,800, 251 636,196,535
1,599, 028, 335
509, 415,913
446,332, 683 640, 403, 305 1, 596 151,901
496, 603,719
448, 919,176 648, 203,510 1, 593 726, 411
504, 520,970
1, 611 099,017
450, 419,508 656,158,539
549, 880,417 . 452,196, 204 678,486.050
1,680, 562, 671
563, 923, 708 447,888,007
1,701, 939,918
690,128,203
577, 010,988
448,752, 857 692, 780, 837 I, 718,544, 682
583, 221,090
691, 383,636 1,726, 994,290
452,389,564
586; 014,990
453,269, 979 689, 733, 297 1, 729,018,266
604, 373,335
1,739, 783, 511
447, 005,728 688,404,448
567, 766,112
445,615, 705 677, 293,335 1, 690,675,152
566, 408,865
442, 560,846 681, 745, 097 1,690, 714, 808
567, 885, 182 442, 086, 413 681,822,395
1, 691,793, 990
566, 173,701
439, 856, 900 669, 638,800 1, 675:669,401
564, 218, 399 436, 519,102 663, 323,731 1,664, 061,232
565, 050, 806 433, 702, 080 658,821, 353 1,657, 574,239
563, 076,555
435,177,330
648,417, 596 1, 646,671,481
564, 916, 687 443, 041,730 647, 080,565 I, 655,038, 982
447, 829, 970 659, 830, 003 1, 672,093, 422
564; 433,449
1, 637,226,451
451,373, 916 661,137,449
524, 715,086
451, 638, 960 636, 066, 377 1,626, 568, 622
538, 863,285
558, 837, 220 444, 051,331 610, 768, 964 1, 613,657,515
441.406, 372 613, 052, 316 1, 574 534, 557
520, 075,869
437,537,659
618, 309, 677 I, 584,184,424
528, 337,088
531, 862, 534 436, 281, 990 631, 289, 630 1, 599,434,154
434,152, 228 639, 717, 329 1, 606:179.556
532, 309,999
528, 656, 626 431,934, 632 643, 540, 710 1, 604,131, 968
432,634, 332 648,003, 265 1,614, 533, 786
533, 896,189
638,267, 024 1, 603,583,028
528, 868, 742 436,447,262
520, 529, 601 446,990, 907 618, 073,001 1, 585,593,509
455, 643,087 617, 616, 977 1, 598,859, 316
: 525, 599,252
1, 594,
530, 486, 083 460,032, 725 603, 676, 671 1, 579,195,479
459, 700,260 584,841,478
664,986
206,724
534, n o , 535
549,
452, 631,150 587, 978, 922 1 , • ' ^ " 720, 607
489, 026, 610 451, 805, 945 587, 909, 502 1. 528;742, 057
489, 151,505
454, 795,481 584, 682, 477 I, 528,629, 463
497, 278, 215 454,926, 282 587,802, 585 1, 540,007,082
1, 521,584, 283
498, 838, 348 450, 387,124 572, 358,811
567, 840, 646 1,509, 725, 200
498, 449, 242 443,435,312
I, 514,903,142
484, 587,423
443, 320, 029 586, 995, 690 1, 539,
577,420, 784
502, 863, 608 458,885,242
169,634
593, 621, 210 1,582, 302, 289
517, 508,129
471,172,950
554, 538, 288 477,139, 660 595, 377, 666 I, 627,055, 614
615, 658, 803 1,646, 444,746
554, 746, 631 476,039,312
555, 630, 668 477, 339, 605 617, 253,127 I, 650,223,400
553, 054, 758 478, 587,039 634, 335, 891 1,665, 977,688
553, 860, 515 479, 797, 858 642, 036, 580 1,675, 694, 953
554, 582, 096 478, 779,965 635, 638, 633 I, ~ 000,694
1,
554, 743,595
560, 383
477,708,091
634,108,697
1,
557, 609,752
733,895
476, 082, 891 626, 041,252
556, 432, 594 469, 566, n o 620, 029, 542 1, 646,028, 246
556, 301,181
468, 725, 654 621,444,304
1, 646,471,139
558, 866, 352 479, 885, 293 626, 928, 453 1, 665,680, 098
564, 997,312
492, 942,484 620, 900, 742 1, 678,840, 538
576, 088, 062 496, 468, 626 634,176, 216 I, 706,732, 904
581, 220,157
499,408, 773 640,455, 608 1, 721 084,538
584, 126,049
503,906, 973 633,067,618
I, 721,100, 640
588, 079, 683 497, 950,176 643,961, 369 1,720 991.228
590, 325,671
503, 579,142 632, 471, 846 1, 726,376,659
618, 448, 941 510.952,297
626, 657,407 I, 756,058, 645
652, 990, 509 515, 833, 855
761, 442
I
685, 455, 090 512,863,688. 637, 937, 078
898, 256
641, 579,478 I, 839,435, 749
780, 519 512,242, 618 634,412, 612 1,843,
198, 344
939,733
510.407, 229 617, 851,382 I,
096, 545
666, 166,175
515, 488, 209 610.442,161
1, 792,596, 392
043,721
658,
520, 802, 503 637,750,168
1, 816,575,782
685, 185, 636 523,493, 782 657,896,364
1
879,504
694, 267,162
526, 795,755 665, 816, 587 1, 886,301,412
702, 996, 838 528,143, 366 666,161, 208 1, 897,
027,339
730,
524,850,288
663,382,930
1, 918.260.557
735, 272,108
528.679, 924 664, 890, 580 1, 928,842, 612
727, 748,591
532, 907,103 667,191,248
1,927, 846,942
733, 922,471
534,186, 768 665,758,653
1,933, 867, 892
757, 068,366
534,777, 839 663, 654, 804 1,955, 501, 009
734. 716.728
535, 926, 776 661, 840, 735 I, 932,484,239
732, 850,173
536,774, 541 661,492,490
1, 93i:117,204
741, 622,181
541,036,418
659,472, 542 I, 942,131,141
141
TBEAS0REE,
N o . 4 9 . — E S T I M A T E D AMOUNT O F GOLD AND GOLD C E R T I F I C A T E S , S I L V E R AND
S I L V E R C E R T I F I C A T E S , AND N O T E S AND C U R R E N C Y C E R T I F I C A T E S , ETC.—ContM.
Silver and
Notes and
Gold a n d gold
s i l v e r certifi*- c u r r e n c y cercertificates.
tificates.
cates.
Montb.
Total.
$745, 234, 744 $542, 954, 886 $660, 513, 556 $1, 948,703,186
762, 244, 252 542, 511,143
658,960,753
1, 963,716,148
778, 388, 303 541, 445, 988 658, 694, 442 1,978, 528, 733
779,100, 627 542, 112,184
659,185.359
1,980, 398,170
804,330, 065 539, 836,477
658, 982, 813 2, 003,149, 355
793, 599, 826 544, 035,791
665, 296,174 2, 002,931, 791
785, 845, 549 546, 483, 630 688, 945, 327 2,021, 274, 506
814,063,155
550, 528,461
695,933, 847 2,060, 525, 463
822, 673, 829 551, 781,764
700, 232,278
2, 074.687, 871
815,474,460
551, 222, 873
695, 728,163
2, 062,425,496
829, 951, 517 552, 857, 835 704, 544, 056 2,087, 353,408
831, 084, 025 560, 563,872
705,035,145
2, 096,683,042
829,157, 658 570, 874,193
713, 263,132
2,113,294,983
1899—September
October—
November
December.
1900—January..
February.
March
April
May
June
July
August -..
September
N o . 5 0 . — C H A N G E S I N T H E VOLUME O F M O N E Y I N CIRCULATION, FROM I N T E R N A L
E X P A N S I O N AND CONTRACTION, AND FROM IMPORTS AND E X P O R T S O F GOLD,
. DURING EACH M O N T H , FROM JLJNE, 1 8 7 8 .
Month.
1878—June
July
August
September.
October
November.
December .
1879—January —
February..
March
AprU
May
June
July
August
September.
October
November.
December .
1880—January...
February..
March
April
May
June
July
August
September.
October...November.
December .
1881—January...
February..
March
April
May
June
.. July
August
September.
October
November.
Deceinber .
1.882—January . . .
February..
March
April
May
June
July:
August
September October
Internal
Net imports Net exports
Internal
expansion. contraction.
of gold.
of gold.
$3,367,328
6,034,803
$7, 621, 006
4,121,043
3,158, 390
9, 863,467
3, 791,414
$686, 808
23,382
$8,109 731
2, 003,465
3,114, 852
10, 258, 373
71, 389 3, 720, 025
43, 538
7, 063,925
21,873
111,515
18,390, 586
15,864, 682
22,319,151
14,108, 798
4, 090, 798
6,752, 390
18, 422, 568
13, 330,155
3, 633,181
8,133,100
5, 676, 228
5,040, 071
7, 237, 816
4, 982, 765
5, 973, 763
609, 095
5, 596, 851
10, 396,171
3, 599, 740
9, 638, 903
I, 083, 802
19,155, 000
7,141, 214
8,175,569
6,474, 642
4, 330, 674
14,191, 012
5, 565, 082
8,249,121
14, 302, 757
1,081, 510
II, 548, 277
5,169, 978
6, 372, 649
27, 395, 639
18, 892, 805
17, 317, 835
6,427, 882
569, 363
314, 861
77,
17,
106,
182,
9, 054,
18, 766,
16, 086,
9, 334,
16, 347,
4, 709,
306,
7, 008,
15, 263,
701,
5, 248,
10,512,
8,118,
2, 962,
2, 620,
1,031,
8, 273, 047
9,370, 812
9, 237, 630
"4,'259,"i5'7'
Net
decrease.
$3, 343,946
6, 322.605
$287,802
488, 725
2,117,578
394, 906
2, 084, 208
12, 622, 782
2, 546, 977
3, 511, 482
3, 209, 060
11, 819, 800
8, 668, 680
Net
increase.
905,
3, 730,
7,042,052
2,195, 723
255,416 12, 367, 366
164, 778
18, 555, 364
1,297,722 14, 566.960
98,398 22,220,753
"'7,'736,"i49
23, 304, 841
25, 645,195
35, 740, 403
19, 758, 037
4,202,544
8,447, 961
5,401, 729
274,499
5,117, 311
7, 254, 899
5, 089, 676
6,156, 207
9, 663, 576
24, 362, 935
26, 482, 358
12, 934, 372
25, 986, 355
5,793.289
18, 848, 901
14,150, 202
23,438,956
7,17.5, 921
294,393
4, 036, 281
14,829, 503
316, 534
18, 761, 596
22,421, 306
4,043, 588
14,168, 368
6,201, 799
6, 762, 568
15, 035. 615
6, 981,538
2,389,274
1, 791,148 7, 446, 482
13,084, 778
17, 343, 935
. 5,315,109
2,768,132
4,592, 220
I, 080, 738
1,212, 334 1,996, 726
12,725,750
12,399,474
142
No.
EEPOET ON THE FINANOES.
5 . 0 . r - C n A N G E S . IN THE VOLUME OF MONEY IN CIRCULATION, FROM INTERNAL
E X P A N S I O N AND C O N T R A C T I O N , E T C . — C o n t i n u e d .
Month.
Internal
Net imports Net exports
Internal
of gold.
of gold.
expansion, contraction.
1882—November .,
December..
1883—January —
February..
March
April
May
June
..July
August
September.
October—,
November .
December..
1884—January —
February..
March
April
...
May
June
July
August
September.
October
November December-1885—January...
February..
March
April
.$2,189,062
1,971,253
I, 275, 639
1,927,729
1,570, 692
881, 056
2, 960, 679
261,136
4, 973, 924
2, 732, 829
2, 554, 390
721, 404
535,907
585, 446
352,101
913, 828
703,091
198,903
328, 884
1,845, 031
2, 036, 927
4,128, 900
3,960,450
566, 243
371,647
1, 736, 072
486, 499
352,265
758,095
524, 978
070,987
6,627,975
541,877
938,654
1, 943,494
2,123,997
2,582, 681
1, 400, 322
2, 258, 869
7,749, 375
2,011,242
628,597
252,137
923,515
375, 462
829, 240
512, 229
741,158
1, 434,759
859, 825
5, 517, 498
3,051, 651
2, 775,401
3,721,184
1,369, 972
374, 590
2, 834, 548
1,184,691
4,657, 898
3,830, 217
1,242, 086
4, 327,928
3, 024, 982
1, 737,484
729,283
'6,"i92,'8i4
11,689,252
11,254, 056
3, 632, 546
9, 886, 301
3, 679,534
6,435, 280
4,827, 792
4, 686, 249
5,148, 983
8, 955, 362
11,350,460
2, 906,935
5,195, 451
" 6,'604,'400
18, 440, 378
470, 017
659, 538
14,089,149
938, 092
10, 510, 583
3,173, 384,
1, 681, 976
5, 736, 815
13,913,357
12,577,179
1,562, 457
1,439, 262
22,486,181
23, 039,297
I, 664, 828
7,182, 797
2,392,455
3,521,926
5,766,637
10,367,739
4, 086,034
8,782, 002
4, 945,710
2, 276, 279
4,498, 215
32, 353, 735
13, 047,196
2, 221,995
15, 528,411
228, 819
652, 950
157, 330
209, 923
7, 557, 495
2,861,106
3, 482, 806
3, 376, 718
7,052,519
3,792,046
883 087
7,118,268
136, 024
607, 670
115,063
2,391, 342
2, 816, 239
2,465,392.
2, 563,192
16, 375, 501
16,403, 039
12,587,908
21,236,761
1, 533, 786
1,866, 961
1,164, 968
10,648,963
6, no, 678
2, 815, 894
6,829,158
12,653, 541
846, 609
3, 886, 821
9,611,134
15, 507,470
6. 536, 220
7,699, 584
936,714
5,200,189
875, 833
4, 667, 925
9,080, 424
4,461,505
7,146, 489
8,117,452
593, 259
1,163,463
1, 237, 280
3,375,868
1,753, 576
3,104,777
7,758, 331
5, 664, 807
5,545,896
10,918, 344
3, 285, 475
2, 988,853
11, 320, 934
18,037, 096
1,085,333
3,155,708
639,697
386, 650
901,227
885, 664
529, 544
252, 508
$11,116,791
21, 541, 945
1, 656, 695
$454,704
$5, 656, 372
415,189
, 492, 440
1,807, 868
7,477,541
June
July
August
September.
October
November.
December..
1886—January . . .
February..
March
April
May
June..
July..
August
September.
October
November.
December..
1887—January.-.
February..
March
April
May
June
July
August
September.
October —
November .
December..
1883—January . . .
February..
March
April
May
June
July
August
Septeraber.
October
November.
December..
1889—Jariuary . . .
February.March
:
April
May
June
Net
increase.
16, 713
951,931
535,717
, 166, 795
930,940
23,438,112
23, 575,014
3,415, 415
6.818, 851
548. 074
660, 808
3, 712, 225
2,370,261
12, 691,139
17,472,209
363,946
1, 844,381
2,054,412
7,997,478
143
TEEASUEEE.
No. 50.
- C H A N G E S I N T H E VOLUME OF M O N E Y I N CIRCULATION, FROM^ iNiT^ERNAt
E X P A N S I O N AND CONTRACTION, ETC.—.Continued.
Month.
1889—July..
August
September.
October
November.
December..
1890—January...
Februai'y..
March
April
May . . .
June
July
August
September.
Octoher
November .
December..
1891—January . . .
February..
March
April:
May
June
July
August
September.
October
November.
December .
1892—January...
February..
March..
April
May
June
July
August
September.
October
November.
December .
1893—January...
February..
March.-'.-.
April
May
June
July
August
Septeraber.
October
November.
December .
1894—January —
February..
March
April
May
Jurie
July
August
September.
October
November .
December..
1895—January . . February..
March
April
May
June
July
August
.September.
October
November .
December..
1896—January...
February..
March
Internal
Internal
Net imports Net exnorts
expansion. contraction.
of gold.
of gold.
$3,776,861
10,698,312
12,530,719
10, 506, 935
2,282, 520
11, 984, 904
4,914, 507
$4, 425,454
$77, 751
2,120,111
$10, 730, 726
I I , 574, 613
944, 574
1,198, 025
991, 930
598,868
305, 743
165, 608
1,148,595
4,285,582
18, 838,371
3, 967, 880
3,794, 249
16,153, 061
13,244,437
5,134, 897
I I , 374,401
5,554,223
5, 061, 864
17,493, 395
17, 872,333
4, 280,141
5, 755, 309
14, 767,851
9, 383, 982
2, 308,178
I I , 965, 506
9,701, 048
Net
decrease.
$648, 59.3
$10, 776,063
14, 650, 830
I, 436,475 9,070,460
3,480, 545
12, 976,834
5, 513, 375
10,424, 983
574,002
7,718
3,345, 536
10, 664, 975
4n,288
6, 647, 050
2, 026,401
12, 747, 386
4, 749, 913
60 743, 367
1,144. 005
2,196,403
1,359, 249.
5,400, 659669, 672
3,444, 842
4, 541, 566
13, 929, 798
30, 368,112
15, 539, 494
5, 633, 526
I I , 740, 221
370, 572
6,654,768
1,319,135
2, 082, 411
4, 338, 625
61, 887, 372
1, 047, 808
5, 644, 831
24, 239, 030
3, 298,208
7, 239,091
11, 611, 495
685.361
25, 233,215
4,165,093
79,303
I, 222, 587
7,106,138
16,088,352
8,489, 768
5,764,350
305,548
301,414
9,116,185
3, 023, 958
882,474,
7,455, 672
7, 211, 966
7,232, 797
9,488,118
4, 685,171
4, 370, 255
14,852, 508
12, 329, 326
723, 946
11,596, 205
28, 841,125
16,135,164
15,531,845
4,309,776
3.932, 276
11. 339, 035
48, 040,024
2, 968, 897
10,481,292
6,999,469
10, 768. 703
6,336; 579
8,967,455
7, 949,383
16, 534, 589
36, 374, 359
1, 233,390
11, 787,382
43,189, 961
5, 529, 577
13, 219, 969
3, 474, 209
4, o n , 338
13, 697, 885
4,182, 417
1,314, 910
13,342,664
8,804,351
817,856
10,712,469
Net
increase.
70,353, 939
406, 247
6, 284,451
24, 599, 533
33, 960, 685
12,769,909
II, 519, 659
15, 073, 399
3,680, 218 5,703,764
3,225,550
7,034, 782 4,930,724
3, 263, 063 6,437, 985
16, 635, 477
10,240,198
5, 716, 699
2, 324,127
10, 089, 752
2, 634.080
1,438, 565
8, 650, 531
11, 339,189
12,213, 553
12, 988, 068
1, 504, 991 2, 865, 264
18,344, 979
15,205, 760
1,701, 544
5, 776,401
17, 372, 606
69,463, 654
40,622, 529
21, 377, 247
5, 242, 083
16, 604,764
1,072,919
8, 449, 608
4,139,832
1,908, 300 2, 023,976
573,790 10, 765, 245
I, 068, 335
2,929, 241
39, 656
9,402, n o 1, 079,182
23,124, 058
22, 376, 872
12, 823,572
1, 935, 303
8, 367, 501
418,118:
17, 054,440
519, 851
1, 507, 388
9,424,439
24, 698,489
4, 067, 003
9, 649, 867
4,120, 290
15,249, 730
2, 029, 761
6,745, 402
3, 271,193
1,963, 750
3; 296, 067 10,401,818
15,133,175
16, 674, 609
76, 857 13, 265, 807
13,468,188
14,170,899
198,586 i6,'5i3,"883
9,375,389
293,653
917, 372
16; 936, 891
1,124, 013
2, 692,741
3, 206, 601
4,106, 392
2, 725,435
8, 302, 897
3,492, 471
2, 876,434
2,425,490
49,108, 359
16,124, 589
II,608,169
6, 486, 993
10,902,758
34,866,971
10, 657, 829
12,911,107
39,122, 958
2, 047,588
10, 950, 758
17, 989, 519
4, 663,837
14, 988, 755
60, 978, 550
112, 594
144
No.
E E P O E T ON T H E
FINANOES.
5 0 . — C H A N G E S I N T H E V O L U M E OF M O N E Y I N CIRCULATION, FROM INTERNAL
EXPANSION AND CONTRACTION, ETC.—Continued.
Internal
Internal
Net imports Net exports
expansion. contraction.
of gold.
of gold.
Month.
1896 A p r i l
$14,040,117
76,616
Mav
i±^"'J
$5,781,686
J u ny
Jul e
August
September
October
November.
December
1897—January
Februarv
March
April
Mav
June
July
September
October
November.
December
1898—January
February
March
April
May
June
15, 580,155
22,179,495
9, 034, 575
17,135, 410
. . . . 12,468,303
1,617, 395
15, 569, 611
9,509, 262
7,006, 357
3,569,643
2, 079, 057
6,730, 314
5, 310, 815
16, 816,152
9, 013, 939
16, 852,271
12, 505, 956
.
I, 520, 373
5, 830, 007
7, 913, 266
.. .
July
126, 075
19, 681, 283
20,127,337
728, 248
35,235,823
30, 241, 443
August
October
November
December
1899—J a n u a r y
Februarv
March
April
May
June
July
August
September
October
November.
December
1900—January
February
March
April
May
June
July
.
August
September
$2,086,997
34, 098, 080
27, 617, 915
6,920, 829
2,161, 259
184, 677
208, 003
312,098
11,109, 993
34, 956, 759
16,497,742
3,475,743
16, 871,489
6,308, 084
2, 712, 569
5, 037, 716
21,043,117
2, 392,807
4,146, 501
11, 040, 095
1, 845, 678
1, 536, 475
3,060,581
4, 298, 697
29, 555,911
31, 021, 514
13, 009,477
2,809, 245
998, 418
13,139,644
13, 389, 854
15, 022, 631
3,805,980
6,946,165
4, 087,656
4, 273, 971
1, 716, 899
983,234
590,000
4.860, 437
1,119,713
.:
10, 379, 499
5,121, 929
9, 552, 673
13, 936, 535
8, 825, 297
26, 970,199
634,438
1,450,116
5,460, 289
876,050
•
338, 998
17, 811,510
38, 217, 530
23, 262, 539
121,434
531,205
1,033,427
5,421, 273
...
23, 760, 057
24, 960,462
14, 037, 737
1,158, 855
,
2,574,204
Net
increase.
. Net
decrease.
$2,662,498 $11,377,619
18,499,415
$18,422, 799
6, 077, 397
11, 859,083
10, 402,213
5,177, 942
24, 266, 492
43,132, 655
44, 753, 325
19, 389,132
3, 778, 654
15, 754, 288
9,717,265
6,694 259
6,009, 954
2, 440, 311
8, 905, 545
6, 826, 488
6,975,335
13, 705, 649
4,867, 922
442, 893
19,208,959
13,160,440
27,892, 366
14, 351, 634
16,102
8, 890. 588
3, 614, 569
29, 681, 986
50, 702, 797
33,136, 814
3,537, 493
34, 237, 405
17,101 799
24, 499, 847
49, 979, 390
20, 303,722
10,421,908
20,959,145
10, 582, 055
• 995,670
6,020,950
21, 633,117
23,016 770
18,156, 333
247, 322
1,367,035
11,013,937
6, 572, 045
15, 012, 962
14,812, 585
1, 869, 437
6,955, 860 22, 751,185
4, 219, 014
217,564
18,342, 715
39, 250, 957
9, IOO, 131 14,162,408
12, 262, 375
6, 841,102
24,918,912
9,338, 634
i s , 621, 828
16, 611,941
N o . 5 1 . — G E N E R A L D I S T R I B U T I O N OF THE STOCK OF M O N E Y , AS B E T W E E N THE
T R E A S U R Y AND THE CIRCULATION, AT END OF EACH M O N T H , FROM J U N E , 1878.
Month.
On d e p o s i t
Belonging
t o T r e a s u r y . in T r e a s u r y .
1878—June
July
August ...
September
October .. November.
December.
1879—January...
February .
March
AprU
May
June
July
August ...
$164, 040,821 $92,644,600
171, 603, 016 97,211,030
184, 676, 389 93.425, 280
182, 589, 268 75, 744, 670
190, 855, 684 71, 356, 350
195,570,087
73.426, 420
190,817,762
58, 776,830
193,593, 585
61, 397, 880
206, 904, 278 65,187, 680
209, 813, 027 46, 356, 230
203,179, 568
49,794,620
225, 855, 518 44,815, 660
215, 009, 098 48, 685, 650
197,275,115
58,866,550
217,413, 861
53,745, 550
Total in
Treasury.
$256, 685, 421
268, 814, 046
278,101, 669
258, 333, 938
262, 212, 034
268, 996,507
249, 594,592
254,991,465
272, 091, 958
256,169,257
252,974,188
270,671,178
263, 694,748
256,141,665
271,159,411
I n circulation.
$806,453,781
803,109,835
796,787, 230
804,896, 961
802, 893, 496
806,008, 348
816,266, 721
819,986,746
812,944, 694
815,140, 417
827, 507, 783
808,952,419
823,519,379
845, 740,132
838, 003,983
Aggregate.
$1, 063 139,202
1,071 923,881
1,074, 888, 899
1,063: 230,899
I, 065, 105,530
I, 075, 004, 855
1,065, 861,313
I, 074, 978, 211
I, 085, 036, 652
I, 071, 309,674
1, 080, 481, 971
1, 079, 623,597
1, 087, 214,127
1,101, 881,797
1,109, 163,394
145
TREAStTRER.
N o . 5 1 . — G E N E R A L D I S T R I B U T I O N O F T H E STOCK O F M O N E Y , AS B E T W E E N T H E
T R E A S U R Y AND T H E CIRCULATION, ETC.—Continued.
Month.
1879—September .
October
November
December
1880—January
February
March
April
May
June
July
- - -.
August
September
October
November-.....
December
1881—January
Februa'ry
March
April
May
June
July
August
September
October
November
December
1882—January
February
March..".-April
May
June
July
August
,
September
October
November
December
1883—January
February
,
March
April
,
May
,
June
July
August
,
September
October
November
December
1884—J anuary
February
March
April.
May
June
July
August
September
October
Noveraber
:.
December
1885—January
February
March
.
April
May
June
July
August
September
October
November
December
1886—January
February
March
April
Fl 1900-
Belonging
On deposit
to Treasury. in Treasury.
^229, 773, 314 $50, 347, 750
230,137,323
43, 236, 850
220, 544, 769
34, 717, n o
214, 725, 246
31, 565, 010
217, 905,558
32, 364, 010
31, 217, 520
214, 396, 640
28, 979, 420
213,972,986
29,434, 320
215, 375, 280
213,023,055
33, 674, 370
212,168,100
34, 973,870
211, 855, 759
36, 238, 890
32.145, 940
216, 208, 009
36, 008, 660
214, 412, 955
43, 343, 460
209, 246,545
51, 002, 780
210, 610, 092
59, 246, 010
206, 233, 450
210, 562, 412
61, 971,700
232, 601, 378
62, 390, 740
232,766, 310
63,155, 700
64, 937, 740
234, 262, 989
67,545, 850
233,773, 253
235, 254, 254 • 68,874,450
227,497,148
68,473, 800
237,904,948
72,604, 230
235,146, 343
77, 713, 830
227, 678, 796
79, 845, 590
232,443, 531
80, 916, 750
226,405, 927
83, 453, 350
225,445,801
85, 587, 790
237, 016, 611
85,412, 600
233, 636,415
84, 662, 290
227,180,718
83, 968, 480
235,153,131
85,121. 640
235,107, 471
84, 453, 830
84, 867,150
236, 293, 996
86,432, 250
239,815,737
235, 862,185
87.146, 650
232, 216,183 109, 913,150
227, 788, 472 118,349, 200
213, 964, 241 147, 053, 500
217, 286, 075 158, 012, 410
227,198, 919 159, 486, 710
230,452,675
162, 310, 051
232, 731, 536 172, 209, 951
233,393,499
175, 299, 271
242,188,649
184, 370, 471
247, 669, 232 185, 633, 451
252, 841, 310 187,789,721
249, 981. 216 188, 930, 481
250, 700, 835 195, 528, 081
251, 202, 484 202,180, 731
244, 039, 831 215,490,531
243, 624, 235 228, 267, 671
247, 756, 274 236, 796, 321
248, 068,281 236,119, 561
249,546, 387 232,515,431
227,162, 351
246, 506,174
243, 323, 870 230, 589, 351
251, 651, 661
236,095,241
241, 422, 793 257, 271, 841
242, 464, 314 260,142, 341
237,193, 035 269, 754, 851
231, 845,064 276, 710,471
229, 305, 366 282, 719, 441
224, 229, 742 305, 606, 231
232,176, 538 325. n o , 051
232, 297, 561 323, 914, 371
232, 497, 069 320, 895,176
242, 060, 907 310, 825,136
244, 864,936 310, 009, 786
248,086,422 311, 504, 406
257, 987,094 310, 843,906
266, 639,086 289, 646, 736
272,803, 813 283, 744, 896
282, 272,126 282, 549,166
285,412, 973 278,108, 856
291, 332, 609 277, 936, 036
299, 241,760 277, 841, 536
30O 733, 519 272,871,566
302, 401,450 270,726,296
-10
Total in
Treasury.
I n circulation.
Aggregate.
$861, 308,824 $1,141,429, 888
886, 954, 019 1,160,328,192
922, 694, 422 1,177,956,301
942,452, 459 1,188,742,715
946, 655, 003 1,196,924,571
955,102, 964 I, 200,717,124
960, 504, 693 1, 203457, 099
965, 622, 004 I, 210,431,604
972, 876, 903 I. 219,574, 328
I, 225,108,549
977,966,579
984,122, 786 I, 232,217, 435
993, 786, 362 1, 242,140 311
1, 018,149, 297 1,268,570 912
1, 044, 631, 655 I, 297,221, 660
1, 057, 566, 027 1,319,178, 899
1, 083, 552, 382 1, 349,031,842
1, 089, 345, 671 1,361,879, 783
1, 070, 496, 770 1, 365,488, 888
1. 084, 646, 972 1, 380,568, 982
1,108, 085, 928 1, 407,286, 657
1,115, 261, 849 1,416,580,952
1,119, 298,130 1, 423,426, 834
1,134,127, 633 1,430,098, 581
1,133, 811, 099 1, 444,320.277
1,152, 572, 695 I, 465,432,868
1,174, 994, 001 I, 482,518,387
1,179, 037, 589 I, 492,397, 870
1,193, 205, 955 I, 503,065. 232
510441, 345
1,199, 407, 754 I, .506,
1,
801, 350
1,184,372,139
I, 509;652, 382
1.191, 353, 677 I, 509,949, 357
1,198, 800,159 1, 501,730,995
1,181,450, 224 1, 498,249, 393
1.178, 688, 092 I, 498,768,500
1,177, 607, 354 1, 505,852, 067
1.179, 604, 080 1, 515,338,665
1.192, 329, 830 I, 546,858, 637
1, 204, 729, 304 1, 561,983, 767
1, 215, 846, 095 I, 598,405, 781
1, 237, 388, 040 I, 614,343,220
1, 239, 044,735 1, 619,619, 288
1, 232, 933, 659 I, 629,072,253
I, 236, 309, 527 I, 643,004, 590
1, 238, 063,103 I, 640860, 650.
1, 241,167, 880 1, 662:554,173
1, 235, 995, 053 1,666 893, 791
1,233,591,108
I, 673,512,780
1, 232, 881, 749 1,679,551,777
1, 240, 640, 080 I, 692,
533,803
1, 246, 304, 887 I, 705,233,998
1,251,850,783
1.722,299, 489
1, 262, 769,127 1, 737,946,508
1, 266, 054, 602 I, 744,462, 636
1, 259, 910, 041 1, 734,416, 646
1, 250, 228, 804 1,714,640,176
1, 232, 578, 358 1, 709,062, 777
1, 235, 394, 252 1,716,136, 631
1, 242, 223, 410 1,742,623,853
1, 254, 876, 951 1, 754,
418,194
1, 255, 723, 560 1, 762,217,036
1,259,610,381
1, 776,169, 401
1, 269, 221, 515 1, 793,284, 520
1, 284, 728, 985 1, 803,290, 012
1, 291, 265, 205 1,828,800, 762
1, 298, 964, 789 I, 840875, 540
1, 292, 588,951 I, 851,266, 275
1, 295, 054, 343 1, 851,009, 780
1, 297, 617, 535
553, 392, 245 1, 289, 310, 754 1, 842,196,797
552, 886, 043 1, 290, 233,284 1,845,108, 006
223,129
554, 874, 722 1, 288, 632, 301 1, 848,
559, 590, 828 1, 283,489, 393 1, 852,320,393
568, 831, 000 1, 283, 272, 290 1, 839,558,112
I, 838.230, 289
556, 285, 822 1,281,681,580
556, 548, 709 1, 282, 618, 294 1, 847,439, 586
564, 821, 292 1, 287, 818,483 1, 851,340, 312
969, 209
563, 521, 829 1, 285, 700, 564 1, 854,
1,853,788, 007
569, 268, 645 1,270 704,711
392, 835
577,083, 296 1, 268, 787, 750 1, 842,
573, 605, 085 1, 265, 563, 525 1, 838,691, 271
573,127,746
^80,121, 064
273, 374,173
255, 261, 879
246. 290, 256
250, 269, 568
245, 614,160
242, 952,406
244, 809, 600
246, 697, 425
247,141, 970
248, 094, 649
248, 353, 949
250,421,615
252, 590, 005
261, 612. 872
265,479, 460
272, 534,112
294, 992,118
295, 922, 010
299, 200,729
301,319,103
304.128, 704
295, 970, 948
310,509,178
312, 860,173
307, 524, 386
313, 360, 281
309, 859, 277
311,033,591
322, 429, 211
318, 298, 705
311,149,198
320, 274, 771
319, 561, 301
321,161,146
326, 247, 987
323, 008, 835
342.129, 333
346,137, 672
361, 017, 741
375, 298, 485
386, 685, 629
392, 762, 726
404, 941, 487
408, 692, 770
426, 559,120
433, 302, 683
440, 631, 031
438, 911, 697
446. 228. 916
453, 383, 215
459, 530,362
471,891,906
484, 552, 595
484,187,842
482, 061, 818
473, 668, 525
473,913, 221
487, 746, 902
498, 694, 634
502, 606, 655
506, 947,886
508, 555, 535
512, 024, 807
529, 835, 973
557, 286, 589
556, 211, 932
146
No.
E E P O E T ON T H E F I N A N C E S .
5 1 . — G E N E R A L D I S T R I B U T I O N OF T H E STOCK OF M O N E Y , AS B E T W E E N T H E
TREASURY AND THE CIRCULATION, ETC.—Continued.
Belonging
O n deposit
to Treasury. in Treasury.
1886—May
June
July
August—
September.
October
November.
December .
1887—January...
February..
March
April.
May
June
July
August
September.
October . . .
November December .
1888—January...
February..
March
April
June
July
August
September.
October
November .
December..
1889—January —
February..
March
April
May
June
July
August
September.
October
November .
December..
1890—January...
February..
March
April
May
June
July
August
September.
October
November.
Deceraber .
1891—January . -.
February...
March.."...
April
May
-.
June
July
August
September.
October
November .
December .
1892--January . . .
February..
March..'...
April
May...
June
July
August
September.
October
November .
December..
Total in
Treasury.
$307, 483, 912 $265, 990,840 $573,474,752
308, 830,703
265,651,920
574,482, 623
310, 995,131
261, 844, 779 572, 839,910
320, 164,085
253, 690, 579 573, 854, 664
313, 074, 676 251,144, 229 564,218,905
305, 429,946
250, 202, 529 555, 632,475
305, 292, 012 251,952,429
557,244,441
298, 753, 955 255, 996,511 554, 750, 466
304. 213,998
258,381, 841 562, 595, 839
312, 056, 685 259,241,697
571, 298, 382
310, 641,220
269,491,963
580,133,183
309, 682, 388 274,597, 655 584,280, 043
319, 206, 006 276, 894, 827 596,100, 833
316, 512, 933 276,109; 967 592,622, 900
315, 414,705
270,274,447
585,689,152
321, 448,677
273,196, 675 594, 645, 352
308, 945, 850 292, 098, 638 601, 044, 488
311, 891, 621 304, 093, 382 615,985,003
314, 053, 438 310.473,311
624, 526, 749
305, 303, 500 318, 054,444 623,357, 944
308, 589,702
330,698,751
639, 288,453
320, 647, 897 340,934, 209 661,582,106
324, 414,748
342,067,283
666, 482, 031
325, 090, 934 343, 812,834 668.903, 768
320, no, 618 372,959,668
693, 070, 286
319, 067,278
386,179, 922 705,247,200
321, 855, 456 404, 540,765 726, 396, 221
330, 763, 985 401,264,478
732, 028, 463
309, 979,848
402, 046, 076 712,025,924
286, 900, 020 415,934,926
702,834, 946
287, 019, 521 424, 466, 434 711, 485,955
281, 536,690
417,914,716
699,451,406
279, 071,156
420, 094, 661 699,165, 817
281, 343, 675 423, 560, 381
704.904, 056
277, 725, 090 426,396, 557
271, 164, 328 430,479, 255 704,121,647
280, 109,758
434, 557, 701 701, 643, 583
278, 186, 639 433, 633, 298 714, 667, 459
273, 913, 495 436, 024, 748 711, 819, 937
709, 938, 243
267, 684, 099 454,677,948
255, 765,906
455, 291, 919 722, 362, 047
249, 962, 950 448, 371, 369 711,057, 825
698, 334, 319
248, 330,945
444,114,769
240, 250,765
449,074, 028 692,445,714
237, 127,126
455, 415, 928 689, 324,793
249, 236, 968 457,547, 278 692,543, 054
241, 099, 620 462, 215, 742 706,784, 246
243, 315, 561 465, 081,992 703, 315, 362
251, 916, 769 468,048, 625 708, 397, 553
255,
471,362, 730 719, 965, 394
251, 892, 905 474,073, 040 727,255, 635
725,083, 666
247, 010,626
478,650,340
192, 389,952
500, 576, 090 726, 040,292
197, 494,361
506,185. 043 693, 070,451
703, 668, 667
199, 483, 624 511,473,893
185, 942,004
516,198, 247 711, 415, 897
053, 533 523, 098, 373 701,251,780
194,
717,194,583
202, 096,210
525,124,073
190, 460, 738 530, 525, 511 727,584, 811
721, 051,002
183, 525,491
538,444,056
183, 098,054
538,190, 649 721, 542, n o
176, 595, 707 540,190, 031 721,786. 356
180, 459, 302 547, 648, 703 716, 649, 333
727,657, 589
184, 008, 886
559, 078, 603 743,409,196
170, 330,593
549, 806, 748 720, 069,476
159, 262,728
158, 276, 086 560, 379, 410 719, 655,496
159, 628,130
569, 221, 709 727, 849,839
153, 903,165
577,143, 259 737, 046, 424
150, 339, 469 605, 423,412 758,762, 881
153, 363,638
621, 248,974 771, 612, 612
146, 878,031
628, 098, 049 781, 976, 080
142, 226, 719 629, 922, 571 776,149, 290
147, 871,652
634, 081,717 776, 953.369
147, 906, 092 620, 245, 304 768; 151, 396
149, 409, 313 619, 675,803 767,085,116
154, 702,165
615,455, 530 765,157, 695
151, 759,126
606,769, 628 761, 528, 754
151, 757,069
598, 008, 876 749,765,945
154, 070, 029 598, 369, 656 749, 439, 685
252,049
599, 467, 016 753, 719, 065
I n circulation.
Aggregate.
$1, 255,392,054 $1, 828,866, 806
1, 249,012, 086 1,823. 494, 709
1, 249,148, no . 1, 821988, 020
1, 247,
1,821, 637.752
1, 264,783, 088 1,828, 377,494
1,280, 158, 589 1, 836,194,103
1,293, 561, 628 I, 850,393, 977
1, 314,149, 536 1, 869,136,763
I, 313,386, 297 1, 876,209,537
I, 305,613,698
1, 876,943,014
1, 314,644, 632 1, 894,559, 817
1, 319,426, 634 1,903, 652,387
1, 314,372, 344 1,910, 885, 396
I, 317,784, 563 1,909, 683,742
1,321, 060,842
1, 907,248, 209
1, 320,559,057
1,915, 336, 824
1,353, 691,472
1,954, 089, 695
045,207
I, 366,
1,982, 077,406
1, 368.092,403
314, 398 1,992, 841,147
1, 383,
2, 007,200.753
1, 382,842,809
2, 021,964,351
1,371, 675, 898 2, 033,094,471
512, 365
1, 368,
496, 311 2, 034,978, 342
1,371,
2, 040,566,874
1, 371,663.106
2, 064,228,416
1, 372,158,130
089, 070 2, 077,336, 270
I, 367,
2, 094,119,398
1, 360,723,177
2,092, 650,085
1,384, 621,622
059, 734 2,096, 085, 658
469, 694
1.407, 634, 748 2, no,
370,116
1.405, 884,161
2,117, 699,513
1.406, 248.107
2,105, 258,305
1.408, 092,488
2.107,
1.403, 909, 754 2.108, 813,810
085,813
1,405, 964,166
605,227
1,413, 961, 644 2, no,
2,115, 851, 930
1, 397,184,471
2,111, 784,707 .
1, 379,964,770
2, 091,254, 420
1,379, 316,177
2,089, 454,287
1, 390,092,240
2,112,800,895
1.404, 743,070
2,115,147, 849
1,413, 813,530
2,112,739,789
1,417, 294,075
2.109,595,702
1,430 270,909
2,119,327,338
1,435,784, 284
1,425, 359, 301 2,128,143, 547
2,132,414, 884
1,437, 099,522
2,140,867, 647
1, 437,470,094
1,430, 815, 326 2,145,780, 720
2,150,751, 826
1,429,496,191
2,156,662, 268
1,431, 578,602
2,156,957, 519
1,435, 917,227
1,497. 804, 599 2,161,875, 050
2,190,521, 074
1.498, 852,407
I, 504,497, 238 2, 202,913,135
1, 528,736, 268 2, 215,988,048
2,229, 632, 643
1,525, 438,060
2, 242,783, 780
I, 518,198,969
I, 529,810, 464 2, 245,861, 466
2,250, 667, 213
1,529. 125,103
1, 503,891, 888 2, 250,678.244
726, 795 2, 225,376,128
1.499,
2,216,
I, 499,647, 492 2, 227,305, 081
341,139
1, 505,931,943
2,249, 600, 952
1,530, 531,476
2, 250,147, 657
492,161
1,564,
2, 284,111,909
I, 577,262.070
2, 305,828,153
1, 588,781,729
2, 325,618,009
I, 603,855,128
2, 362,171,504
558,892
I, 609,
2, 381,
1, 608,641, 520 2, 390,617, 600
1,613, 572,244
,
2,389, 721, 534
1, 620,010,229
,963, 598
2, 396,
1, 603,073,338
,224, 734
2, 371
1, 601,949,325
034, 441
1. 599,256, 584 2, 364;414, 27S
1, 596,049, 983 2, 357, 578, 73'3
,
1, 606,139,735
,
2, 355, 905,68C
1, 614,790,266
2, 364 229, 951
1, 010,683,874
2,364, 402,93^
147
TEEASUEEE.
No.
5 1 . — G E N E R A L DISTRIBUTION O F T H E STOCK O F M O N E Y , AS B E T W E E N T H E
T R E A S U R Y AND THE CIRCULATION, ETC.—Continued.
Month.
1893—January —
February...
March
April
May
,
Jurie
July
August
September..
October
November ..
December...
1894—January —
February...
March
April
May
,
June
July
August
September.
October
November..
December...
1895—January
February...
March
April.:
May
June
July
August
September..
October
November..
December..
1896—Jauuary
February...
March
April
May
June
July........
August
September..
October
November..
December..
1897—January
February . .
March
April
May
June
July
August —
September..
October
November..
December..
1898—January
February . .
March
April
May
June
July
August
September.
October —
November..
December..
1899—January
February . .
March
April
May
June
July
^
August
Belonging
O n deposit
to Treasury. in Treasury.
Total in
Treasury.
In circulation.
$149,,40O836 $607, 498, 582 $756,905,418 $1, 607, 958, 439
146,812,418
601, 828, 346 748, 640,764
599, 655, 542
149,385,695
597, 428, 091 746, 813, 786
602, 520, 806
144,432, 390 596, 016, 621 740, 449, Oil
599, 028, 335
143,337,580
594, 531, 017 737, 868, 597
596,151, 901
138, 520, 092 584,553,920
723, 074, 012
593,726,411
138,235,112
577, 362, 591 715, 597, 703
611, 099,017
129, 557, 530 565, 614, 881 695,172, 411
680, 562, 671
132,109, 515 570, 225, 363 702, 334,878
701, 939, 918
• 121,415,283 587,609,861
709, 025,144
718, 544, 682
118, 370,140 599, 229, 302 717, 599,442
726, 994, 290
117,143, 042 604, 317, 424 721,460,466
729,018,266
108, 372, 617 612, 059,181 720,431, 798
739,783,511
609, 909, 907 770,755, 005
690,675,152
160 845,098
159, 614, 695 614,627, 040 774, 241, 735
690 714, 808
153, 996,147 619, 989, 795 773, 985, 942
691, 793, 990
145, 215,497 621,128. 445 766, 343, 942
675, 669, 401
141,787, 882 615, 355, 820 757,143, 702
664, 061, 232
139, 763, 280 616,972, 329 756, 735,609
657, 574, 239
149, 021, 888 615, 350,572 764, 372, 460
646, 671, 481
145, 333, 860 612, 436, 470 757, 770, 330
655, 038,982
130, 653, 343 607, 486, 421 738,139, 764
672,093,422
170,139, 847 606, 270, 843 776, 410, 690
637, 226, 451
176, 422,466 590,134,104
766,556, 570
626, 568, 622
166, 535, 702 .578, 777, 914 745, 313, 616
613, 657, 515
208,801, 355 .572,755,530
781,556, 885
574, 534, 557
213, 068, 981 567, 944, 442 781, 013, 423
584,184, 424
203, 956, 684 566, 688, 624 770, 645, 308
599,434,154
207, 623, 292 . 573,366,743 780, 990, 035
606,179,556
214, 950, 703 579, 207,863 794,158, 566
604,131, 968
209, 677, 315 581, 799, 693 791,477, 008
614, 533, 786
208,758,113
602, 384, 693 811,142, 806
603, 583,028
211, 614, 611 600, 227, 693 811, 842, 304 1 585, 593, 509
205, 521, 752 591,102,673
796, 624, 425
598, 859, 316
202, 607, 758 582,987,673
785,595, 431
594,195, 479
204, 202, 686 568, 023, 673 772, 226, 359
579, 206, 724
195, 851, 629 562, 542,773 758,394, 402
589,720, 607
274, 635, 928 558,551,273
833,187, 201
528, 742, 057
283, 859, 345 562, 909, 253 846, 768, 598
528, 629, 463
280,213, 372 560, 594, 253 840, 807, 625
540, 007, 082
283, 842,131 555, 646, 973 839, 489,104
521, 584, 283
288,679,727
547,110, 973 835, 790, 700
509, 725, 200
279, 387, 590 555, 212,973 834,600 563
514, 903,142
267, 739, 496 563, 656, 973 831, 396, 469
539,169, 634
266, 947, 206 564,524, 323 831,471,529
582,302,289
254, 695, 938 564, 340, 923 819,036,861
627, 055, 614
251, 299, 785 567, 523, 923 818, 823, 708
646, 444. 746
255, 367, 336 580, 809, 573 836,176, 909
650, 223, 400
244, 640, 096 595, 975, 573 840, 615, 669
665, 977, 688
239, 491,737 606, 977, 573 846, 469, 310
675,694,953
249, 646, 047 607,702,473
857,348,520
669, 000, 694
253, 543, 364 605,107, 473, . 858, 650, 837
666, 560, 383
253,831,317
595, 535, 953 . 849,367,270
659, 733, 895
261,341,453
590,878,953
852, 220, 406
646, 028, 246
260. 694,157 588, 513, 953 849, 208, n o
646, 471,139
246, 067, 762 593, 961, 953 ...840,029,715
665, 680, 098
242, 583,797 589, 070, 953. .831,654,750
678, 840, 538
232,723, 248 580, 456, 953 813,180, 201
706,732,904
227, 580, 892 579, 920, 933 807,501,825
721, 084, 538
721,100, 640
234,135, 678 576, 956, 933 811,092, 611
230,645, 876 581, 213, 933 811, 859, 809
729, 991, 228
. 238, 234, 832 . 585, 252, 933 823,487, 765
726, 376, 659
243, 751, 260 577,402, 933 821,154,193
756, 058, 645
236, 303, 535 564, 306, 933 . 800, 610, 468
806, 761, 442
227, 462,738 563, 799, 933 791, 262, 671
839,898, 256
563, 788.933 795, 332,751
843, 435, 749
231,543,818
809,198, 344
270, 814, 943 559,497, 933 830,312,876
301, 815, 512 558, 04O 933 859, 862, 445
792, 096, 545
816,596,392
303, 551, 215 554,057, 583 857,608, 79S
283, 051,151 553, 631, 933 836, 683, 084
866, 575, 782
886, 879, 504
276, 785, 248 553, 897, 833 830, 683, 081
281, 747,712 553, 447,783 835,195.495
897, 301, 412
269, 449, 522 552,853, 783 822, 303, 305
918,260, 557
267, 031, 338 555, 528, 513 822, 559, 851
928, 842, 612
275,541,342
555,003, 613 830, 544,955
927.846, 942
933, 867, 892
277,126, 839 554, 356, 613 831, 483, 452
955, 501, 009
260, 399,770 . 555, 517, 613 815, 917,383
273, 287, 246 . 555, 220 603 828, 513, 849
932, 484, 239
931,117, 204
276, 558,391 554,414, 303 830, 972, 694
279,547, 812 601,443, 203 . 880, 991, 015
942,131,141
Aggregate.
$2, 364,863, 857
2, 348, 296, 306
2,349,334,592
2, 339,477, 346
2, 334,020, 498
2, 316,800, 423
2, 326, 696, 720
2, 375, 735, 082
2, 404, 274, 796
2, 427, 569, 826
2, 444, 593, 732
2, 450, 478, 732
2, 460, 215, 309
2, 461,430,157
2, 464,956, 543
2,465,779,932
2, 442, 013, 343
2, 421, 204, 934
2.414,309,848
2, 411,043, 941
2, 412, 809, 312
2, 410, 233,186
2, 413, 637,141
2, 393,125,192
2, 358, 971,131
2, 356,091.442
2, 365,197,847
2, 370, 079,462
2, 387,169, 591
2, 398, 290, 534
2, 406, 010, 794
2, 414, 725, 834
2, 397, 435, 813
2, 395, 483, 741
2, 379, 790, 910
2, 351, 433, 083
2, 348,115, 009
2, 361, 929, 258
. 2, 375, 398, 061
2, 380, 814,707
2,361,073,387
. 2,345,515,900
2, 349, 503,705
2,370, 566,103
2, 413, 773, 818
2, 446, 092, 475
2, 465, 268, 454
2, 486,400, 309
2,506, 593, 357
2, 522, 164, 263
2, 526, 349, 214
2,525,211,220
2,509,101,165
2, 498, 248, 652
2, 495, 679, 249
2, 505, 709,813
2, 510, 495, 288
2, 519, 913,105
2, 528, 586, 363
2, 532,193, 251
2, 541, 851, 037
2, 549, 864,424
2, 577, 212, 838
2, 607, 371, 910
2, 631,160 927
2, 638, 768, 500
2, 639, 511, 220
2, 651, 958, 990
2, 674, 205,190
2, 703. 258, 866
2,717. 562, 585
2, 732, 496, 907
2, 740, 563,862
2, 751,402, 463
2, 758, 391,897
2, 765, 351.344
2,771,418,392
2,760,998, 088
2, 762,089, 898
2,823,122,156
148
E E P O E T ON T H E F I N A N C E S .
No. 5 1 .
- G E N E R A L D I S T R I B U T I O N O F T H E STOCK O F M O N E Y , AS B E T W E E N T H E
T R E A S U R Y AND T H E CIRCULATION, ETC.—Continued.
Month.
1899
Belonging
On d e p o s i t
to Treasury. in Treasury.
Sentember
$283, 343, 072
October . . . . .
284,533, 724
November
274, 009, 620
272,842,034
December
1900 J a n u a r v
258,904, 835
F e b r u a r y . . . . . . . . . . . 264,795, 085
276, 667, 057
262, 646, 439
April
262, 831,054
May
279,615,582
June
J u l y . .1
283, 555, 660
275,095, 347
September
273, 447, 396
$647, 965, 903
656, 664, 903
678,260,903
686,979,402
716, 048, 603
720,204, 283
720, 500, 779
727, 993,779
729, 584,179
723, 544,179
724, 371,179
733,135,679
734,513, 679
Total i n
Treasury.
$931,308,975
941,198, 627
952,270,523
959, 821,436
974, 953,438
984,999,368
997,167, 836
990, 640,218
992,415,233
1, 003,159, 761
1, 007, 926,839
1, 008, 231, 026
1,007, 961,075
I n circulation.
Aggregate.
$1,948, 703,186 $2,880,012,161
1,963,716,148
2,904,914,775
1,978, 528, 733
2,930,799,256
1,980,398,170
2,940,219, 606
2, 003,149, 355
2, 978,102,793
2,987,931,159
2, 002, 931, 791
3,018,442,341
2, 021. 274, 505
2, 060, 525,463
3,051,165,681
2, 074, 687, 871
3, 067,103,104
2,062,425,496. 3, 065,585, 257
2, 087, 344, 408
3,095,271,247
2,096,683,042
3,104, 914,068
2,113,294,983
3,121,256,058
N o . 5 2 . — 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 E E D E E M E D I N GOLD, AND
IMPORTS AND E X P O R T S O F G O L D , D U R I N G E A C H M O N T H , FROM J A N U A R Y , 1879.
Month.
1879—January
February . .
March
April
May
June
July
August
September..
October
November..
December..
1880—January
February . .
March . . . . .
April
May
June
July
August . . . .
September .
October
November..
December..
I88I7—January—
February . .
March
April-......
May
June
July
August
September .
October —
November..
December..
1882—January —
February.-.
March
April
May
June
July
August
September .
October —
November..
December . .
1883—January . . .
February . .
March
April
May
June
''July
August —
Dnited States
notes.
$1,571,725
909, 249
952, 766
699,773
1, 339, 883
2, 503, 302
954,800
981, 400
603,485
740,295
77,499
122, 359
71, 500
72,080
43, 020
16,000
51,000
47,200
25, 000
22, 000
150,000
9,000
12, 000
25, 000
15, 000
13,750
40,000
Treasury
notes.
Total.
$1,571,725
909, 249
952, 766
699, 773
I, 339, 883
2,503, 302
954, 800
981, 400
603, 485
740, 295
77, 499
122, 359
71, 500
72, 080
43, 020
16, 000
51, 000
47, 200
25, 000
22,000
150,000
9, 000
12, 000
25,000
15, 000
13, 750
40,000
I m p o r t s of
gold.
$274, 707
137,386
188, 500
170, 894
185, 225
143, 338
251, 381
6,723, 313
27,528,082
19,178, 631
17,423,834
6,562, 650
795, 568
464, 473
892,180
166,432
123,580
648, 272
244, 330
9,145, 390
18, 846, 998
16,256,058
9,555, 391
16, 506, 026
4,739,902
...577,478
7,169,774
15, 351,980.
1,315, 777
322,155
750,852
5,427.196
10, 660, 641
8,295,490
3, 059, 202
2, 728,173
1,134, 040
468,825
839,566
551, 301
204, 626
257,142
162, 202
.424,878
1,135, 799
3,835,410
2,241,787
2,146,952
1,309,639
291,011
3,244,859
2. 311, 351
232, 015
398, 246
. 429,754
1,977,354
E x p o r t s of
gold.
$346, 096
115,513
76, 985
426, 310
350, 003
1,441, 060
349.779
350, 664
132, 443
285. 826
105,999
134,768
226. 205
149,612
1,166, 679
89,192
106, 497
541, 361
61, 886
90, 909
80,914
169, 871
220, 759
158, 574
30, 415
271, 379
160, 786
86,593
614,498
616,548
112, 361
178,648
148,166
176,941
97,124
108, 084
102, 219
7, 231, 393
3,228,840
2, 342,449
. 13, 289,404
5,572,251
4,754,422
1,637,212
229,849
104, 616
52,725
175,699
-34,000
745, 715
284,180
2, 050, 215
935,106
597,149
100,870
132,323
149
TEEASUEEE.
N o . 5 2 . — U N I T E D STATES NOTES AND T R E A S U R Y N O T E S E E D E E M E D I N GOLD, AND
IMPORTS AND E X P O R T S O F GOLD, ETC.—-Continued.
United States Treasury
notes.
notes.
1883—September .
October
November..
December..
1884—January
February . .
March
April
May
June
July
August
September .
October —
November..
December..
1885—January
February . .
March
April
May
June
July
August
September .
October —
November..
December..
1886—January
February ..
March
April
May
Jurie
July
August
September .
October
November..
December..
1887—January
February...
March
April
May
June
July
August
September-.
October . . . .
November..
December ..
1888—January...'.
February-..
March
April
May
June
July
Augiist
September-.
October
November..
December..
1889—January
February...
March
April
May
June
July
August —
September..
October
November -.
December ..
1890—January
February...
March
April
$380,000
30,000
Total.
$380, 000
30,000
180, 000
100,000
120, 000
460, 000
215,000
995, 000'
332, 000
464, 500
105,200
91,900
48,300
85,300
130, 200
63,500
126,200
647, 800
514, 600
1,754,100
2, 832, 099
1, 296, 339
1,446,269
239,200
173,200
146, 000
110, 200
104,600
125, 640
174, 250
142,230
175,825
90,320
115,700
149,820
135,160
43, 790
46, 390
36, 220
19,250
30,924
14,021
38, 950
49,371
13, 000
78,990
69, 363
22,433
57, 071
30, 226
51, 582
31,350
16,407
19, 240
14, 800
139, 369
199,312
79, 936
16,475
12,124
370. 028
18. 698
41, 809
111, 295
10,893
9,513
19,464
100,000
120, 000
460,000
215,000
995, 000
332,000
464,500
105, 200
91, 900
. 48,300
85,300
130,200
63,500
126, 200
647, 800
514, 600
1, 754,100
2, 832,099
1,296, 339
I, 446, 269
239, 200
173. 200
146,000
110, 200
104, 600
125, 640
174, 250
142,230
175,825
90,320
115, 700
149, 820
135,160
43, 790
46,390
36,220
19,250
30, 924
14,021
38,950
49,-371
13, 000
78, 990
69, 363
22,433
57,071
30, 226
51, 582
31,350
16, 407
19,240
14,800
139, 369
199, 312
79, 936
16,475
12,124
370, 028
18, 698
41,809
111, 295
10,893
9,513
19, 464
Imports of
gold.
$2, 233, 272
4, 261,430
4, 363, 818
1, 003,212
525,413
. 422, 304
903, 20r
3.010, 429
1, 626, 531
2,074, 599
2,283,103
2, 758, 300
1,477," 672
2.451,402
8,192,904
2,231,799
2, 074, 923
1,887, 965
1,756, 597
782,533
564, 735
229,763
588,412
733,907
2, 986,116
1, 323, 811
5, 096,358
5,620,191
1,705, 841
986, 384
840 337
350: 751
248 550
262 691
582 052
4,958, 557
_
4, 994, 609
5,412,995
9, 310, 607
II, 655, 807
3,535, 928
143, 611
577,965
278
903: 939
505 253
2,177 752
5, D78:776
14,080, 274
_.^
12; 889. 682
1,952 -""
1,805 248
395 471
1,014 068
2,270 840
748 164
319 279
170
347 046
207 843
1,275: 356
1,222 189
1,960 847
906, 500
649 006
817, 400
359
805; 753
753, 894
665
856; 332
497,927
2,409,691
796,988
1,773,767
1,304,850
1,059, 837
1,476,433
1, 622,432
478, 353
Exports of
gold.
$196,345
132,530
403,368
436, 969
153,766
3,411,157
12, 224,135
21,047, 525
2,711, 864
131.105
159.106
175, 619
77,350
192, 533
443, 529
220, 557
1,446,326
1, 635, 828
833,082
1,157, 995
1,393, 975
741, 992
1, 329, 570
359, 317
151, 568
139,120
438,460
1,789,974
2,581, 674
5, 654, 309
9, 920, 761
4,812, 256
7, 395, 039
8, 380,143
1.175, 311
130, 765
308, 360
264,012
355, 245
305, 347
628, 993
1, 677, 397
2,444, 926
1,494, 246
296, 269
620, 316
495, 776
241, 961
175,917
312, 503
390,136
365,986
624, 290
1,667,018
2,113, 510
958, 087
7,876, 774
3,154, 276
3, 829, 852
191,130
323, 425
686, 472
5,376, 262
7,725.351
1,197, 080
1,478, 208
4,392, 584
3.176, 014
13,445,033
18,130,874
5,281,786
420.176
289, 580
2, 233, 463
575,742
312,920
460, 969
1,170,690
1; 456,824
1,052,355
150
E E P O E T ON T H E F I N A N C E S .
N o . 5 2 . - -UNITED STATES N O T E S AND T R E A S U R Y N O T E S E E D E E M E D I N GOLD, AND
IMPORTS AND E X P O R T S OF GOLD, ETC.—^Continued.
Month.
1890~May
June
July
August ...
September
October . . .
November.
December.
1891—January...
February..
March
April
May
June
July.......
August ...
September
October . . .
November.
December.
1892—January...
February .
March
April
May
June
• July
August ...
September
October...
November.
December.
1893—January...
February .
March
April
May
June
July
August . . .
September
October . . .
November.
Deceraber.
1894—January...
February .
March
April
May
June
July
August ...
Septeraber
October...
November.
December .
1895—January...
February .
March
April
May
June
July
August ...
September
October . . .
November.
December.
1896—January . .
February .
March
April
May
June
July
August ...
September
October . . .
November.
December.
TJnited S t a t e s
notes.
• $30,164
11, 987
45, 220
19, 740
12, 650
11,520
24, 873
31,954
47,229
41.493
66, 399
41, 055
2, 288, 479
3,355,458
1,835, 912
297, 633
242, 820
481,249
191,254
127, 746
152, 093
205, 830
476, 401
438,156
334,823
• 568,326
4, 086, 055
1, 049, 414
2, 264. 089
282,665
406, 206
5, 699, 755
6,359,126
5, 811, 299
1, 641, 923
12,568, 555
12, 076,934
3,073,104
771,935
1,189, 757
143, 592
262, 512
299,252
295, 523
118, 841
10,982, 624
2,266, 426
6,072, 042
25,131,412
20,708, 492
13, 367, 864
4,209, 853
636, 031
2, 542, 719
.7,085,133
30, 819, 622
43,415, 283
4,784, 907
809,495
733, 525
734,747
644, 621
3,122, 620
16, 218, 815
17,119, 814
1,849, 018
15,616,190
19, 787,951
15,686, 024
21, 080,551
6,381,296
6,754, 718
21, 726, 600
7, 963,994
16,275, 406
11, 388,806
3, 436,733
9, 906, 832
3,137,149
858, 444
Treasury
notes. '
$281,810
214; 840
190, 220
159,960
270, 370
256,330
258, 570
287,300
1, 854, 200
5,148,650
5, 091, 460
1, 823, 710
3:6,200
291, 940
4, 538, 057
5,137,491
8, 017, 365
3, 284, 530
7, 483,355
4,470,915
1,177,547
264,080
1,158, 465
li 1,135
432,880
2:7,120
221. 895
2J7,515
8,2:0,730
1.194, 766
I, 594,085
1,409, 670
I, 461,401
555, 511
5 a , 560
300, 487
505,171
714, 614
1,087, 599
1, 702, 455
776, 045
279, 590
284, 046
431,745
401, 575
7(4,175
345, 252
257,670
317, 865
.418,400
424, 744
762, 484
656; 325
475,250
375, 900
312, 947
297, 353
1,009,672
980, 919
1,224,713
2,167, 003
925,261
273,402
Total.
$30,164
$280,902
385, 830
11, 987
• 1,195,054
45, 220
1, 724, 565
19, 740
12,650
1, 425, 632
11, 520
2, 621, 638
I, 926, 401
24, 873
6, 033, 013
31, 954
1,397,918
47, 229
565, 304
41,493
614,170
66, 399
233, 318
41, 055
212, 648
2,288 479
282, 906
3, 355, 458 1
1,835,912
1,029,148
1, 394, 755
297,633
242, 820
7,451, 428
16, 897, 947
763, 059
8,871,717
406, 094
317, 966
6, 018, 851
552, 014
312, 053
2,826, 962
476, 200
3, 084, 406
732,731
487, 041
696, 726
591,159
622,123
494, 026
2, 422, 526
542, 440
9, 234,705
333, 282
6,140, 874
1, 303, 536
4,087,799
598,865 1 3.118, 330
698,146 1
2, 577, 212
10, 237, 812
1, 540, 538
11,496, 617
370, 843
1,257,539
13,828,664
6, 608, 437
4,926,453
20,051, 910
803,985
16,547, 849
I,708,557
I, 009, 682
4, 250, 651
1, 036, 015
5, 950, 613
41,572,031
2, 348, 222
6, 678,945
340, 727
695, 392
1, 583, 937
4,471, 575
5:6,372
746, 245
5:7,418
356, 356
705,647
19,193,354
2,140, 982
3,461,192
1, 091, 392
7,666,127
2, 321, 661
26,541,082
4, 282, 743
903, 348
22,169, 893
1,406, 629
13. 923,375
3,183, 348
4,1'. 1, 413
936, 518
655, 595
3, 047, 890
1, 602, 665
1,935, 601
7, 799, 747
31, 907,221
377.950
1, 231. 339
45,117, 738
5, 632,197
5, 560, 952
7,246, 384
1,089,085
4, 923, 371
1,0:7,571
4, 856, 264
1,166, 492
2,095,391
1, 046,196
571, 451
3, 826, 795
1,534,086
16, 564, 067
17, 377,484
749, 456
1, 797, 040
2,166, 883
16, Oi 4,590
591, 309
1, 310 448
20,2:2,695
10, 367. 940
16, 448, 508
11, 559.089
21, 736, 876
677,733
6, 856, 546
7,130, 618
1.119, 768
604, 498
22,039, 547
837, 669
8, 261, 347
17, 285, 078
1, 505, 928
4, 057,101
12, 369,725
4, 661, 446
34,159,130
27, 961. 083
12, 073, 835
7, 344, 228
4,062,410
1,131, 846 1 2, 567,115
E x p o r t s of
gold.
$288, 620
3, 731
11, 860
2,135,
281,
425
567
632,
728
4,oio; 146
5,155 736
14,163, 116
30, 580, 760
15, 822. 400
6, 662, 674
172 168
345 290
809 595
381 949
254 501
246 466
6, 507 180
6, 309; 956
7,521 823
3,854 222
17,129 503
10, 782,
6, 049
3, 627
484: 250
1,138 647
12, 879 727
12, 584 396
14, 245 607
8,113 428
19,148; 964
16,914 317
2, 711 226
174, 212
949, 502
1, 436 862
511 018
331 743
2, 654 545
1, 279; 437
3,209 317
4,020 633
11,723, 771
27, 406, 801
23, 280, 220
14,230: 201
5,118, 651
237, 477
I, 082 814
428, 213
9, 802,
25, 929, 828
1, 565, 194
3,126, 094
2,893 610
1,585 071
131 641
3,867 518
16, 667 261
17,424 065
1,873 897
14t,059 497
1,481 347
15,
1,566 526
10
1,183 700
2,
384 080
3, 782 266
19, 103 913
6, 915 066
11, 908 141
104
1 970
-_.050
61
343,168
423,399
405,856
151
TREASUEER.
N o . 5 2 , — 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 E E D E E M E D I N GOLD, AND
IMPORTS AND E X P O R T S OF GOLD, ETC.—Continned.
United States
notes.
Month.
$594,412
521, 355
679, 382
i, 934, 575
044, 965
594, 864
072, 208
875, 606
598, .140
505, 376
786,711
815,734
106, 548
407, 273
329,038
779, 668
268, 041
757, 367
860, 995
552, 111
381,082
313, 242
501, 398
740, 945
556,940
155,856
600,532
255. 091
878,189
848, 634
576,685
390, 631
519.640
651, 817
126,580
532, 984
300,189
478, 556
980, 363
532, 390
100, 506
447.160
419, 705
430. 235
999,959
1897—January...
F e b r u a r y -.
March
April . . . . .
May
June
July......
August . - September
October . . .
November.
December.
1898—January...
February .
March.....
April
May
June
July
August -..
September
October . . .
November.
Deceraber.
1899—January...
February..
March
April
May
June
July
August ...
Septeraber
October . . .
November
December.
1900—January...
February .
March
April
May
Juiie
July
August ...
September
Treasury
notes.
$351,656
402, 769
569, 947
567, 433
837, 635
518, 581
202, 935
240,670
144, 033
190, 925
323,705
203, 665
103, 368
228, 540
254, 732
376, 239
280,956
146,485
230, 072
61, 651
62, 789
34, 336
151, 855
933, 809
1, 670, 782
846,049
743, 221
526, .179
847,189
889, 318
631,406
685, 917
585,580
237, o n
98, 440
304,128
891, 244
111,485
152,200
540,415
1, 381, 545
1,341,465
219, 951
12, 030
1,560
Total.
United States
notes.
1879 (6 m o n t h s )
1880
1881
1882
1883
1884
1885
1886
1887 .
1888
1889
1890.
1891
1892
1893
1894
1895
1896
1897
.
1898
1899
1900
. -
. . . .
Total
$7, 976, 698
3,780, 638
271, 750
40, 000
75, 000
590, 000
2,222, 000
. 6,863,699
4,224, 073
692, 596
730,143
732, 386
5,986,070
5, 352, 243
55. 319,125
68,242,408
109,783,800
153,307,591
68,372,923
22, 301,710
18, 645, 015
28,637,501
564,147, 369
Treasury
notes.
gold.
$556, 621
924,124
544, 700
1, 249, 329
884,166
619,452
7, 502, 008
561, 666
8, 882, 600
650, 343
7,113,445
592,197
5, 275,143
3,116, 276
4, 376, 395
2, 742,173
4,289,423
2, 696, 301
11, 351, 766
2, n o , 416
2,545,018
2, 019, 399
2, no, 013
1,209,916
5,716, 776
1, 635, 813
5, 329,109
1, 583, 770
30, 214, 745
1,155, 907
32, 345,138
548,997
13,118, 634
903, 852
3,184, 774
4, 091,067
2, 492, 231
613, 762
15,095,552
443, 871
16,489,419
347, 578
16, 302,457
653,253
4,716,737
2, 674, 754
8,165, 803
4,227,722
5, 843,107
3,001,905
4,841,933
2,343,753
2, 823,934
1,781,270
2,145,718
2, 725,378
2.637,155
2, 737, 952 ' 2,751,844
2,208, 091
2, 357, 535
• 2, 076, 548
2, 731, 270
1,105, 220
2,069,111
888, 828
5, 836, 791
1, 225, 020
1,136,960
1, 837,112
4, 895, 241
3,191,433
1, 469, 508
1,590,041
1, 522, 940
1,132,563
1, 593.715
5, 072, 805
2,994.496
8,482, 051
3,105, 265
6,788, 625
1,248, 866
2, 639, 656
4,429, 642
1,442, 265
2, 439, 432
1,001, 519
3, 367,126
N o . 5 3 . — U N I T E D STATES NOTES AND T R E A S U R Y N O T E S
AND IMPORTS AND E X P O R T S OF GOLD, DURING EACH
J A N U A R Y 1, 1879.
Fiscal year.
Imports of
Total.
E x p o r t s of
gold.
$371,944
336, 697
572, 068
6, 629,406
9,467, 211
7,625, 678
5,460,119
1,983,588
142,922
311, 671
699, 340
573, 538
2, 656,195
1, 030, 412
658, 834
1, 323, 624
109,157
375,529
1, 493, 813
1,955, 908
3, 099, 565
1,279,826
910,757
1, 219, 638
1,755,451
567, 962
1,107,035
1,162,484
2, 047.155
20, 908,177
2, 604, 857
2, 096, 832
618, 995
376, 502
260,910
11, 851, IOI
5,688,522
1,401, 506
1,062,510
1, 961, 069
12, 205, 396
8,089, 968
3, 270, 787
18,061,260
792, 922
E E D E E M E D I N GOLD,
FISCAL YEAR, FROM
I m p o r t s of
gold.
E x p o r t s of
gold.
$3, 773, 600
46,781,220
16, 599, 742
7, 570, 398
5, 348, 365
9, 828, 991
2, 696, 253
6, 997, 250
6, 960, 836
$7, 976, 698
3,780, 638
271,750
40, 000
75, 000
590, 000
2, 222, 000
6, 863, 699
4, 224, 073
692, 596
730, 143
732, 386
5, 986, 070
9,125, 843
102,100,345
84,842,150
117, 354,198
158,655, 956
78, 201, 914
24, 997, 963
25, 642,265
35, 598, 337
$1,100,050
80,758, 396.
100, 031, 259
34, 377, 054
17,734,149
22, 831, 317
26, 691, 696
20, 743, 349
42, 910, 601
43,934,317
10,284,858
12,943,342
18, 232, 567
49, 699, 454
21,174,381
72,449,119
35,146, 734
31, 720, 487
81,411,533
115,173,988
84,280, 674
30, 961,698
$2, 755, 967
3,639, 025
2,565,132
32, 587, 880
11, 600, 888
41, 081, 957
8, 477, 892
42, 952,191
9, 701,187
18, 376, 234
59,952, 285
17,274,491
86, 362, 654
50,195,327
108, 680,844
76, 978, 061
6 0 131,183
112,309,136
4 0 114,722
15, 324, 929
37, 507,771
48, 218,168
106, 556, 655
670, 704, 024
954, 591, 023
892, 787,924
152
E E P O E T ON T H E F I l ^ A N C E S .
N o . 5 4 . — T R E A S U R Y NOTES O F 1890 ISSUED^ E E T I R E D BY EEDEMPTioisr I N SILVER
DOLLARS, AND OUTSTANDING, TOGETHER W I T H T H E S I L V E R I N T H E TREASURY
P U R C H A S E D B Y SUCH N O T E S , F O R EACH MONTH.
Month.
1890—August
September .
October
November..
December..
1891—January
February . .
March
April
May
June
July
August
September .
October
November..
December..
1892—January
February...
March
April
May
June
July
August
September-.
October
November..
December..
1893—January —
February...
March
April
May
June
July
August
September .
October —
November..
December..
1894—January
February..,
March
April
May
June
July
August
September .
October
November..
December..
1895—January
February...
March
April
May
June
July
August
September .
October
November..
December..
1896—January . . .
February . .
March
April
May
June
July
August
September .
October
November..
December..
1897—January
February...
Issued.
$3,609,
4,460,
5,880,
5,309,
4,831,
4, 713,
4, 346,
3, 942,
4,638,
3, 946,
4,551,
4,765,
4, 692,
4, 565,
4,474,
4,234,
4, 367,
4,225,
3, 683,
4,365,
3,626,
4,163,
4,320,
3,854,
3,816,
' 3,101,
4,126,
4,185,
3,948,
3, 200,
3, 921,
3,622,
3,579,
4,120,
4,000,
1,096,
2,868,
1,982,
I, 909,
883,
Retired by
redemption. Outstanding.
$1,273,267
545, 534
493, 333
165,239
293, 478
89, 243
69, 724
100, 867
87, 245
133, 330
95,325
137, 291
295, 757
542,102
468, 699
161, 498
155, 339
72,190
46, 384
375, 068
745, 618
1, 540,191
1, 955, 880
598,120
995,000
829,000
2, 574, 000
1,509,000
1, 812, 000
• 447, 000
605,000
638, 000
3,012, 000
1,684, 000
I, 702, 000
1,340,000
1,602,000
1,737, 000
I,775,000
I, 552, 000
1,861,000
1, 418, OOO
• 848, 000
BuUion in
Treasury.
$3,609 000
$2,029,000
4, 278,113
8,069 000
10,470, 076
13,949 000
13,101,676
19, 258 800
14,124, 934
24, 090 500
14,974,796
28, 804 000
16,854, 679
33,150 700
20, 211,441
37,093 200
22,139,770
41, 731 200
23,759, 733
45,677 347
26,436, 577
50, 228 417
32, 090,570
54, 994 035
36, 635,860
59,686 035
41,107, 368
64,251 130
45,415, 416
68, 725 270
49,407, 537
72, 959 652
53, 568, 583
77, 327 102
57, 546, 991
81, 553 000
60, 889,156
85, 236 212
65, 202,103
89, 602 198
68,388,595
93,228 690
71, 971, 891
97,391 986
76, 213, 601
IOI, 712 071
80, 058, 809
105,566 170
83,037,276
109,382 637
85,548, 874
112,484 335
88, 919, 772
116,611 233
92, 541, 252
120,796 713
96, 279,162
124, 745 623
98, 806, 908
127, 946 489
102,491, 392
131, 867 853
106,219, 687
135,490 148
109,814, 857
139, 069 778
113,781,413
143.189 874
117,734, 621
147.190 227
118,830,742
148,286 348
149, 881 958
121, 749,619
151,319 040 123,787, 758
152, 735 188 125, 797, 838
153, 453 629 126, 816, 864
153,160 151 126,758, 403
153,070 908 126,756,175
153.001 184 126,758,196
152, 900 317 126, 757, 765
152, 813 072 126, 757, 765
152, 679 742 126, 757, 765
152, 584 417 126, 757, 586
152,447 126 126, 586, 599
152,151 369 125,883, 926
151,609 267 125, 479, 635
151,140 568 124, 619, 635
150,979 070 124,739, 421
150, 823 731 124, 450, 023
150,751 541 124, 291,481
150, 705 157 124, 052, 481
150,330 089 124,187, 305
149, 584 471 123,987,305
148.044 280 123, 920,712
146, 088 400 123, 858, 712.
145, 490 280 124,001, 762
144,495 280 124, 001,762.
143, 666 280 124, 001, 672
141, 092 280 -124,001,672
139, 583 280 124,001,672
137,771 280 124,001,672
137, 324 280 124,001, 352
136, 719 280 122, .571, 352
136, 081 280 121,649,235
133,069 280 120,351,847
131,385 280 119,455, 286
129, 683 280 118, 385, 698
128, 343 280 118,184, 676
126,741 280 116,210,491
125, 004 280 114, 208,518
123,229 280 112, 309,846
121, 677 280 111,366,390
119,816 280- 110,031,784
118,398 280 108,898,116
117, 550 280 108,100,232
Dollars in
Treasury.
580, 000
790, 887
478, 924
157,124
965, 566
829,204
296, 021
881,759
591,430
917,614
791, 840
903,465
050,175
143, 762
309,854
552,115
758, 519
006, 009
347, 056
400,095
840,095
420, 095
498,470
507, 361
345,361
935,461
691,461
255, 461
466, 461
139, 581
376,461
270, 461
254, 921
408,461
455,606
455, 606
132, 339
531, 282
937, 350
636, 765
401, 748
314,733
242, 988
142, 552
055,307
921, 977
826, 831
860, 527
267, 443
129, 632
520, 933
239, 649
373, 708
460, 060
652, 676
142, 784
597,166
123, 568
229, 688
488, 518
493, 518
664, 608
090, 608
581,608
769, 608
322, 928
147,928
432, 045
717, 433
929, 994
297, 582
158, 604
530, 789
795, 762
919, 434
310, 890
784,496
500,164
450,048
153
TEEASXJKER.
No. 54.
- T R E A S U R Y N O T E S OF 1890 I S S U E D , E E T I R E D B Y E E D E M P T I O N I N S I L V E R
DOLLARS, AND OUTSTANDING, ETC.—Continued.
Month.
1897—March
April
May
June
July...
August
September .
October
November..
December ..
1898—January
February...
March
April
May
June
July .......
August
September..
October
November..
December ..
1899—January . . .
February ..
March
April
May
Julie
July
August
September .
October
November .
December..
1900—January . . .
February..
March
April
May
June
July
August
September .
No.
Issued.
Retired b y Outstanding.
redemption.
Bullion in
Treasury.
Dollars in
Treasury.
$419,000 $117,131,280 $107, 035, 303
106,144, 777
116,696,280
435, 000
105,184,251
914, 000
115,782,280
915,000
103, 800, 623
114,867,280
953, 000
113, 914, 280 104, 261, 070
112, 672,280 104, 261,076
1,242, 000
111, 334, 280 104, 201,026
I,338,000
2, 021, 000
109, 313, 280 103, 957, 026
I, 520, 000
107, 793, 280 102, 623,153
1, 445, 000
106, 348, 280 101,403,732
100,497,803
817, 000
105,531,280
104, 669, 280
862, 000
99.911, 902
1, 054, 000
103, 615,280 . 98,930,461
102, 691, 280
924, 000
98, 642, 528
710, 000
97, 503, 425
101, 981, 280
774, 000
97, 218, 982
101, 207, 280
994, 000
97, 079, 691
100, 213. 280
953, 000
95, 324, 638
99, 260, 280
95, 243,752
98, 549, 280
711, 000
93, 831. 933
716, 000
97, 833, 280
92,486, 603
640,000
97,193, 280
91, 320,434
670, 000
96, 523, 280
90,337,671
541, 000
95, 982, 280
89,280, 993
471, 000
95, 511, 280
557, 000
94, 954, 280
87.912, 503
86, 989,928
436, 000
94, 518, 280
84,966,738
493, 000
94, 025, 280
84, 329, 625
507,000
93, 518, 280
83, 947,182
438,000
93,080, 280
83, 549, 770
564,000
92, 516, 280
83, 052, 657
1,349,000
91,167, 280
82,183,839
89, 828,280
1, 339,000
81, 624, 049
. 802,000
89,026, 280
80,778, 918
706, 000
88,320,280
79,625,140
449, 000
87, 871, 280
78, 270, 605
673, 280
87,198, 000
74.862, 618
1, 823, 000
85,375,000
72,709,403
2,746, 000
82,629, 000
71,126,896
3,189, 000
79, 440, 000
69, 873, 837
3,413,000
76, 027,000
69, 266, 686
2,489, 000
73, 538, 000
67,873, 779
3,150, 000
70,388, 000
64,762,028
2, 674, 000
67,714, 000
$10, 095, 977
10, 551, 503
10,598, 029
11, 066, 657
9, 653, 204
8, 411, 204
7,133, 254
5, 356, 254
5,170.127
4, 944,548
5, 033, 477
4,757, 378
4,684, 819
4, 048,752
4, 477, 855
3,988, 298
3,133, 589
3, 935, 642
3, 305, 528
4,001, 347
4, 706, 677
5, 202, 846
5,644,609
6, 230, 287
7,041, 777
7,528, 352
9, 058. 542
9,188, 655
9.133, 098
8, 966, 510
8,114, 623
7,644,441
7,402, 231
7, 541, 362
8,246,140
8, 927, 395
10. 512, 382
9, 919, 597
8, 313,104
6,153,163
4, 271, 314
2,514, 221
2,951,972
5 5 . — T R A N S A C T I O N S B E T W E E N T H E SUBTREASURY AND C L E A R I N G H O U S E I N
N E W YORK DURING EACH MONTH, FROM J U L Y , 1880!
Month.
1880—July
August...
September
October...
November
December1881-rJanuary -.
February.
March....
April. i...
May...
June
July
August...
September
October...
November
December1882—Jannary . .
February.
March
April
May......
'' J u n e
July
Checks sent to
clearing house.
$7, 321, 258. 30
7,446, 734.73
8, 032, 420.29
7,452, 416.85
7,249, 489.67
6, 281, 584.70
6,314, 294.17
11,901, 271.88
7, 339. 707.92
4,162, 802.18
5,598, 979.73
4, 030, 937.00
7,712, 418.18
12,066. 887. 20
9,571, 313. 04
10, 518, 934.57
10,003, 041.31
10,672, 260.43
9,120, 253.39
8, 823, 267.09
7,791, 364.59
8,207, 533.89
11,068, 685.62
11,425, 829. 30
11, 587, 438.74
Checks received
from c l e a r i n g
house.
$25, 917,765.27
28,782, 133.30
40,727, 824. 68
39, 981,819.08
21, 201,952.43
32, 258,363. 82
26, 861,820. 38
20,385, 496. 47
30,849, 241.90
39,433, 360.97
28,026, 5n. 15
19, 642,552.81
33, 224,135.81
22, 550,716. 21
42,436, 882. 28
41, 322,740.16
19,158, 872. 98
31,855, 546. 95
31,882, 826, 81
16,313, 210. 92
30,703, 829. 02
33, 386,242. 20
24, 877,111.98
29, 979,669. 23
32,701, 010.38
Balances d u e
subtreasury.
Balances due
clearing house.
$18, 596,506. 97
$46,906.03 . 21,382,304. 60
105, 468. 08
32, 800,872. 47
32, 529,402. 23
146, 212. 50
14, 098,675. 26
47,694. 04
26, 024,473.16
20, 547,526.21
3, 908,354.85
12, 392,579.44
23, 509,533.98
35, 270,558. 79
22,427, 531.42
15, 611,615.81
25, 511,717.63
II, 838,531.12
1, 354,702.11
32, 929,946.85
. 64, 377.61
30,803, 805. 59
605, 283.56
9,761,115. 23
21,183, 286.52
22,762, 573.42
61,914.23
7,551, 858.06
22,912, 464. 43
25,178, 708.31
. 29,549.90
13, 837,976. 26
496, 712. 66
19,050, 552.59
51, 847.90
21,165, 419,54
164
EEPOET ON T H E F I N A N C E S .
N o . 5 5 . — T R A N S A C T I O N S B E T W E E N T H E SUBTREASURY AND CLEARING H O U S E I N
N E W YORK DURING EACH M O N T H , FROM J U L Y , 1880—Continued.
Month.
1882—August....
September
October —
Noveraber
December.
1883—January..
February.
March
April
May......
June
July
August—
September
October—
November
December.
1884—January..
February.
March
April
May
June
July
August...
September
October...
November
Deceraber.
1885—January . .
February.
March
April
May
June
July
August-..
September
October...
November
December.
1886—January . .
February.
March
April
May
June
July
August...
September
October —
November
December.
1887—January . .
February.
March
April
May
June
July
August...
Septeraber
October...
November
December.
1888—January..
February.
March
April
May
June
July
August . . .
September.
October . -.
November.
December.
1889—January...
February..
Checks sent to
clearing house.
.$11, 989, 235. 62
12, 521, on. 04
11, 753, 823. 68
10,888, 947.91
10, 382, 375. 99
10, 072, 753.84
10,118, 147. 30
11, 551, 061. 55
8, 064, 996.50
11, 659, 331.13
9, 390, 987. 30
9, 074, 257.66
10, 524, 505.70
10, 096, 816. 27
10, 324, 684.37
9, no, 773.30
506.32
9, 352, 354.05
7,882, 039. 76
9, 235,
9, 461, 406.98
8, 983, 812.58
13, 092, 598.63
9, 527, 244.64
8, 937, 994.32
9,736, 396. 56
8, 614, 439.14
8, 969, 306.13
8,129, 669.44
9, 324, 234. 48
7, 922, 161.39
10, 374, 758.06
9, 420, 039. 39
7, 858, 113.72
10,777, 526.63
9, 355, 432.99
10, 066, 644. 51
9,259, 193.95
12, 594, 235.36
13, 819, 131. 62
9, 539, 233.94
10,769, 312. 50
8,955, 277. 57
10. 739. 318. 85
11, 617, 293.85
9, 020, 067.36
9, 737, 500.61
9, 665, 310. 41
9, 870, 226.58
10,728, 210.72
I I , 033, 624. 36
10, 562, 348.44
10,570, 163.76
11,156, 037. 39
8, 548, 894. 43
8,873, 688.51
9,282, 306.75
7,880, 116. 57
9, 039, 955.26
9,126, 355. 84
8, 015, 851. 62
9,248, 858.76
9,167, 233.41
6,498, 590. 29
4,063, 142.17
4, 994, 683.48
5,916, 126.90
10, 382, 523.15
10, 527, 854.92
9,149, 388.47
11, 294, 863. 72
10,140, 418. 35
9, 830, 204. 30
10, 273, 561. 88
10,488, 683.11
12,023, 930. 06
9, 918, 115. 71
12, 342, 375. 91
13, 893, 325. 24
12, 591, 350.12
Checks received
from clearing
house.
$30, 384,357. 32
30, 736,071. 62
29, 758,721. 56
24, 758,321.16
37, 878,097, 20
27, 014,807.10
16, 334,894.33
23, 876,731.25
22, 326,005.53
29, 382,432, 79
22,150, 859.38
23,226, 978.95
22,462, 789.27
26,136, 031.46
23, 080,314.17
25, 351,265. 57
26, 605,052. 32
29, 348,109.97
22, 580,455.21
25, 279,126. 34
22, 824,779.82
22, 540,655. 05
26,106, 390.19
36,376, 994, 58
23, 387,931.91
19, 525,520,63
26, 791,477.84
25, 849,772. 68
19, 268,519. 73
29, 645,250.91
14, 424,711. 58
17, 810,670. 04
. 22,761,776.11
20, 643,732.71
22,344, 361. 39
23, 830,804.82
17, 022.142.40
.363. 87
19, 542,
20,915, 227.66
14,720, 003. 28
21, 595,770.13
28,589, 627.99
24,118, 923.92
27, 544,302. 98
26, 880,394.15
22, 646,906. 53
29,449, 019.57
28, 722,219.31
20,666, 782. II
40, 289,060.00
38, 427,715.67
32, 355,120. 89
41,531, 713. 83
27,908, 891.95
21, 644,094. 52
27,862, 358.57
25,977, 634.75
20, 258,688.61
27, 826,621. 43
27, 212,414. 30
26,433, 997. 75
42,348, 851.15
31,822, 007.57
16,066, 465.76
26,749, 164.40
25, 553,115. 79
17, 603,884. 05
21, 987,549.95
30, 408,631.42
37, 798,822. 77
33,864, 838.22
30,192, 607.59
28, 614,545. 60
53,056, 953.48
52, 272,571.24
25, 707,727.13
32, 903,230. 24
39, 741,346. 97
30, 592,857. 29
Balances due
subtreasury.
$111, 659.85
146,102. 53
623, 006. 36
72, 043.22
64, 914.97
278,009. 51
314, 619.64
361, 242.42
380,431. 75
7,417. 90
5, 690. 67
2, 675. 64
574, 421. 64
56,488.31
145, 302. 30
12, 911.10
38, 620. 67
150, 973. 51
843, 999.03
273, 584. 22
44,890.78
178, 360. 02
3, 04O 55
382,681.63
1,422,894.17
"'846,664* i9
Balances due
clearing house.
781.55
163.11
904.24
416. 47
721. 21
968. 23
816. 54
289. 34
009. 03
101. 66
872. 08
72L 29
525. 99
215.19
061. 55
910.17
546.00
446. 59
091. 09
719.36
967.24
478.06
145. 55
000. 26
023.66
08L49
171.71
103. 24
285. 25
089. 52
446. 99
630. 65
662, 39
508. 38
928.40
071.41
569.12
102.02
095. 07
353.56
457. 63
350.42
495. 85
009.13
326.79
405.92
009.71
992.73
571. 39
435.64
367.23
957.13
676.44
997.52
766.03
051. 82
518.18
733.35
315.14
562. 68
138.99
617.74
417, 28
323. 59
480. 92
988.89
042.53
695.03
242. 95
959.05
419. 87
403. 29
983. 72
270. 37
641.18
611. 42
748, 50
021.73
571.36
TREASURER.
No.
155
5 5 . — T R A N S A C T I O N S B E T W E E N T H E SUBTREASURY AND CLEARING H O U S E I N
N E W YORK DURING EACH M O N T H , FROM J U L Y , 1880—Continued.
Month.
1889—March
April
May. June
July
August
September .
October —
November..
December..
1890—January
February..
March
April
May
June
July.
August
September.
October
November .
December..
1891—January . . .
February..
March
April
May
June
July
August
September.
October
November .
December..
1892—January.-.
February..
March......
April
May
...
June
July
August....
September.
October—
November .
December..
1893—January . . .
February..
March
April
May
June
• July
August
September.
October
November.
December..
1894—January...
February..
March
April
May
June
July
August
September.
October
November.
December.
1895—January . . .
February..
March
April
June
July
August
September.
Checks sent to
clearing house.
$12, 284, 610.12
9,114, 725.88
10,433, 587. 67
8, 914, 534.39
10,092, 520. 35
10, 815, 812.30
10,837, 349.39
11,023, 505.88
9,899, 617.36
11,153, 958.66
9, 048, 455. 32
9, 526, 330. 32
11, 419, 301. 33
10 539, 627.16
11, 946, 677.40
10, 292, 415.15
11,994, 282. 63
11, 853, 751.42
12, 373, 366.15
13, 006, 532.10
11,138, 414. 78
12, 780, 464. 99
9, 690, 592. 79
9,622, 421.41
11, 604, 663. 62
. 9,480, 266.76
7,668, 010. 80
9,806, 284.40
12, 736, 628. 26
II, 322, 335. 05
10, 928, 834.78
10 988, 925.54
9,685, 924.89
11, 522, 284.61
9, 043, 732. 90
9, 949, 586.47
II, 328, 222.39
9, 980, 372.21
8,191, 441. 58
9, 850, 882. 24
II, 692, 043.79
II, 559, 382.76
10, 531, 889.07
12,245, 811.11
9, 654, 078.19
11,424, 429. 00
9, 978, 473.74
10, 273, 017.98
10.750, 305.93
9, 429, 445. 93
10,119, 802.48
12,125, 169.29
15, 902, 339. 68
1,881, 836. 30
I, 055, 524.25
3, 952, 092. 02
8, 207, 669. 78
8, 815, 372.45
7,722, 230. 92
7,476, 302.22
6, 623, 277. 54
6,571. 571.18
6, 275, 370. 24
7,975, 939. 62
9,879, 621, 65
13, 216, 157.95
6, 308, 077. 94
6, 708, 197.88
6, 058, 003.46
. 6,433, 980. 67
6, 503, 113.94
5, 534, 708.40
10 060, 989.36
10. 953, 209. 34
6, 330, 245.41
6, 277, 243.46
8,472, 433.17
7, 297, 287.71
8,530, 491. 53
Checks received
from clearing
house.
$33,640, 692.49
37, 905,418.28
28,577, 420. 79
31,224, 279.91
33, 567,355.63
39,019, 021.20
31,835, 275. 71
33,226, 585.41
24, 743,492.26
31,951, 429.43
36,177, 804. 32
18, 020,397.17
32,065, 422. 90
27,869, 111.99
21,869, 115. 82
29, 050,033.43
39,133, 522. 04
27, 778,087. 62
64, 569,721.82
31, 087,577. 91
22,465, 579.41
30,402, 783. 40
32, 296,425. 01
22, 678,822. 45
32, 486,784.43
24, 724,064. 01
21, 026,886. 09
34, 665,475. 58
29, 919,667. 46
21, 811, 463. 68
30,809, 121. 45
33, 251,199. 39
23,176, 574. 03
26, 938,941.24
35,118, 064. 88
24, 599,498.53
23, 865,249,01
27, 698,240, 58
23, 513,858,69
27, 556,675, 22
34, 629,796. 29
26,665, 979.79
23, 890,158.54
29, 008,268. 02
24, 442,257.04
27,784, 922.49
39, 334,218. 72
26, 751,432. 80
26,490, 508. 58
32,165, 104.04
33, 095,248. 82
29, 744,356. 72
21, 301,822. 24
4, 943,694.19
16, 605,529.18
31, 693,530. 69
24, 456,961.56
22.424, 603.99
33, 017,149.47
19, 356,693. 97
19, 509,717. 02
25, 452,860.19
19, 793,834.43
20, 379,955.30
25, 420,745. 82
18,071, 179.88
16, 267,763.42
24, 380,811.19
• 17,848,291.75
18, 057,505.93
30,978, 176.94
16, 274,106. 37
16, 830,204. 43
23, 923,683. 01
19, 963,443.78
16, 687,081.19
25, 391,457. 64
18,400, 014. 57
14,248, 176.49
Balances due Balances due
subtreasury. clearing house.
$21, 356,082.37
28, 790,692. 40
18,143, 833.12
22, 309,745. 52
23, 474,835.28
28, 203,208. 90
20, 997,926.32
22, 203.079.53
14, 843,874. 90
20,797, 470. 77
27,129, 349. 00
8, 494,066. 85
20, 646,121.57
17. 329,484. 83
$33,185. 69
9, 955,624.11
18,757, 618.28
27,139, 239.41
15, 924,336. 20
52,196, 355. 67
18, 081,045.81
11, 327,164. 63
17, 622,318.41
22, 605,832, 22
13, 056,401, 04
20, 882,120. 81
15, 237,797. 25
13, 358,875.29
24,859, 191.18
17,183, 039.20
10, 766,143.33
277,014. 70
19,880, 286. 67
22,262, 273.85
13, 490,649.14
15,416, 656. 63
26,074, 331 98
14, 649,912.08
12, 537,026. 62
17,717, 868. 37
15, 322,417.11
17, 705,792.98
22,937, 752. 50
15,106, 597. 03
13, 358,269.47
16, 762,456.91
14, 788,178. 85
16, 360,493. 49
29, 355,744.98
16, 478,414.82
15, 740,202.65
•22, 735,658.11
22,975, 446. 34
17, 619,187.43
7, 956,075. 23
2, 556,592.67
3,164, 920. 24
103,062.35
15,550, 004. 93
27, 741,438.67
16, 249,291.78
13, 648,294.08
39, 062.54
25, 294,918. 55
12, 510,087. 00
"629," 695.'25
12, 886,439.48
18, 881,289. 01
13, 518,464.19
533, 695.19
12, 937,710. 87
15, 541,124.17
7, 417,645.40
2,562, 623.47
150,048.75
10,109, 734.23
17, 672,613. 31
11, 790,288. 29
11, 623,525.26
24, 475,063.00
10,739, 397.97
1, 233, 766.36
2, 002,981.43
13, 211,975. 31
241,50L64
13, 633,198.37
20,701. 30
10, 430,539, 03
16, 919,024.47
11, 102,726. 86
5, 958,489.16
"240," 804." 20
156
No.
E E P O E T ON T H E FTNANOES.
5 5 . — T R A N S A C T I O N S B E T W E E N T H E SUBTREASURY AND CLEARING H O U S E I N
N E W YORK DURING EACH M O N T H , FROM J U L Y , 1880—Continued.
Checks sent to
clearing house.
Checks received
from c l e a r i n g
house.
717,241.20
151,071.14
427, 679.95
433, 301.21
589,998.19
288, 894.19
596,175.83
355, 425.64
304,433. 66
195, 047.52
198,162.53
335, 484.24
634, 665.17
111, 163.22
224, 516.33
241,179.33
950,116. 61
582,136.53
088, 623. 04
733,129.47
592, 301. 09
413, 034.66
599, 221.32
878,051. 51
378,199.53
324, 827. 36
934, 834. 82
884,185.86
028, 499.87
768, 808. 99
253, 505.44
248, 475. 83
107, 996.83
885, 820. 61
521, 789.77
573, 848.18
410, 838.76
056, 556.33
598, 582. 85
080, 014.53
866, 513.43
989, 847.49
750,145.14
444, 321. 09
490, 707.28
063, 951.00
272, 756. 67
256,156.16
935,137. 30
733, 963.81
084,041.51
887, 638.26
864, 457. 09
951, 605. 31
837, 015.53
661, 875,73
015, 804. 53
980,439.45
691,141. 32
611, 973. 88
Month.
$22,756, 865. 43
16,953, 644.64
18, 898, 002.76
32, 516, 004,85
23, 057, 302. 06
16,034, 459. 91
24, 070, 236. 35
21, 374, 603.04
20, 049, 279.26
28, 306, 590. 22
20, 328, 073. 63
22,173, 994. 55
25, 572, 863. 60
23, 034, 321.84
22, 280, 135. 87
35, 599, 831.00
20, 543, 287.08
21,316, 565.70'
27, 556, 642.93
24,403, 098.79
21, 529, 445.74
30, 245, 153.02
23, 688, 678. 07
17, 982, 751.97
25, 239, 714.81
21, 889,
;.51
32, 722, 727.87
36, 226, 949.27
20, 648. 392.09
22, 457, 538.14
31,652, 853. 70
23, 997, 167.10
27,520, 885.76
39, 032, 417.38
31, 398, 860.52
27,167, 484.99
42,479, 126.98
26, 853, 575.76
29, 308, 703. 33
50, 806, 422. 88
28.769, 844. 05
27,189, 345. 52
31,565, 656.09
49, 049, 269. 61
27,132, 085.03
33, 931, 438. 23
31, 277, 960. 28
24,900, 285.20
39,450, 076.44
36, 680, 541.48
33, 226, 979. 67
40,017, 881. 27
26,835, 485.91
30, 717, 942.00
47,749, 468.43
34, 224, 285.77
31,795, 373.21
40, 717, 247. 55
52, 774, 626. 33
35,791, 749. 99
1895—October....
November
December.
1896—January--.
February..
March
April
May
June
July
August-..
September
October—
November
December.
1897—January..,
February..
March
April
May
June
July
August —
September
October
November
December.
1898—January..
February.
March
April
May
June.
July
August
September
October—
November..
December ,
1899—January..
February.
March
April
May
,
June
July
August...
September,
October...
November
December.
1900 — J a n u a r y . .
February.,
March
April
May
,
June
July
August...
September.
Balances due
subtreasury.
Balances due
clearing house.
$19,038.45
$13,058, 662. 68
9,802, 573. 50
10,470, 322.81
25,082, 703.64
14,467, 303. 87
7, 745,565.72
17, 474,060. 52
. 15,019,177.40
13,744, 845. 60
18, III,542.70
324. 98
479,413.88
9, 609,"
370,625.74
13,209, 136.05
1, 316,764. 78
11, 254,963.21
350, 766.92
12, 273,925.54
9,199,600.34
1,143, 980.80
219, 742. 58
23, 578,394. 25
600, 030. 22
9,193, 200.69
11, 734,429.17
19, 468,019.89
16,669, 969. 32
12,937, 144.65
19,150, 737.07
318, 618. 71
20,792.45
14, no,249.20
118, 338. 74
8, 223,039.20
15,861, 515.28
14,565, on. 15
7,677, 739.23
18,465, 632. 28
7,282, 565. 74
26,625, 329.15
4,415, 981.40
9,035, 873. 62
1, 992, 718.86
II, 681,448.01
2,546, 058. 68
16, 945,40O 94
41, 853. 99
15,790, 545.26
7, 163.35
19,420, 052. 28
1,121, 936. 28
13,268, 533,05
16, 877,070, 75
441,258.96
16, 034,895.77
34, 068,288. 22
14,797, 019.43
413, 030.72
15,123, 151. 20
132,929.53
34, 859,337.88
1,037,436.64
12,940, 677.26
6, 370,710. 01
11, 570,208.04
17, 815,510.95
36, 604,948.52
55, 454. 92.
12, 696,832.67
234,257.16
14,101,744.39
51,239. 03
15, 056,442.64
660,304.43
10, 304,433.47
475, 893.75
17, 990,832. 89
696,400.56
19, 642,978. 23
643,102.97
17,786, 041.13
33,130, 243.01
2, 373, 218. 96
12, 344,247.78
508,135. 63
14, 274,472. 32
32, 912,452.90
20,562, 410.04
17, 779,568.68
23,736, 808.10
35, 083,485. 01
434, 949.13
17, 614,725.24
N o . 5 6 . — A M O U N T O F EACH K I N D O F M O N E Y U S E D I N SETTLEMENT O F CLEARINGH O U S E BALANCES AGAINST T H E SUBTREASURY I N N E W YORK DURING.EACH M O N T H ,
FROM S E P T E M B E R , 1880.
Gold
^ Silver
Gold coin. U n i t e d S t a t e s T r e a s u r y
certificates. certificates.
notes.
notes.
Month.
1880
September
October
November
December
1881—January
Februar.y
March
April
$21, 205,000
22,825, 000
8,605,000
18, 370, 000
15,130,000
8, 215, 000
16,430, 000
29,145,000
$2,090,872
1,114, 402
508, 675
434,473
352, 526
237, 579
829, 534
365, 559
$5,740,100
5, 244,600
3, 001, 200
3,951, 500
2, 684.000
2, 672, 500
3, 955,200
3,436, 000
Total.
$29,035,972
29,184, 002
12,114,875
22,755,973
18,166, 526
11,125,079
21, 214,734
32,946,559
157
TREASURER.
N o . 5 6 . — A M O U N T O F E A C H K I N D O F M O N E Y U S E D I N SETTLEMENT O F CLEARINGH O U S E BALANCES AGAINST T H E SUBTREASURY I N N E W YORK, ETC.—Continued.
Month.
1881—May
June
July
August
September..
October
November..
December...
1882—January
February...
March
April
May
June
July........
August
S e p t e m b e r -.
October
N o v e m b e r ..
December:.
1883—January . . .
February..
March
April
May
June
July
August
.
September October.....
November .
December...
1884—January....
February...
March
April
May
...
June
July
August...September.
October....
. November .
December..
1885—January . -.
February ..
March
April
, May
-.June..
July
.. A u g u s t
• September October....
November .
December..
1886—January.-.
February..
March-:..April
May
June
-.
July
August...• September October....
November.
D e c e m b e r - .1887—January . . .
February..
March.....
April
May.:
June
July
August....
September.
October
November.
December .
Treasury
Gold
Silver
G o l d coin. U n i t e d S t a t e s
notes.
notes. Icertificates. certificates.
$16, 590,000
9,875,000
18,420,000
5,870,000
22, 040, 000
21,305,000
8, 640, 000
18,240, 000
21, 570, 000
5,160, 000
21, 240, 000
22,575, 000
12,180, 000
16, 390, 000
18,400,000
10,855,000
8, 430, 000
3,540,000
260, 000
$382,531
351, 616
346, 718
343, 531
269, 947
303, 806
211,115
373, 287
347,573
336, 858
417,464
313, 708
282, 976
290, 553
480,420
426,782
1,381,163
I, 213, 904
94, 416
18, 721
12, 968
9,817
13, 289
12, 009
16,102
12,872
13,721
100,526
73, 215
57, 062
10,910
15,546
15,447
15,091
40, 719
170,967
157,478
209,146
224, 000
4,328,024
5,711,081
8, 822,172
8,420,103
2,444, 285
233, 090
242,447
180, 631
158, 662
134,508
11,133, 928
6,576, 071
200, 569
155,102
120, 095
114, 354
176,458
170, 350
424, 496
927,009
860,327
909,406
062, 010
851, 993
843,571
160, 436
170, 367
179,957
175, 676
164,998
168,766
225, 052
232, 518
188, 733
198, 315
208, 563
175,139
201, 618
193,417
179, 324
160, 481
Total.
$3,238, 000 $20,210,531
3, 779, 000 14, 005, 616
4,902, 300 23,669,018
4,706, GOO 10, 919, 531
7,360, 000 29, 669, 947
7,745, 200 29, 354, 006
9,116,115
265,000
310, 000 18,923,287
115, 000 22, 032.573
5.771, 858
275,000
220,000
21, 877, 464
750, 000 23, 638, 708
245, 000 12, 707,976
190 000
16, 870, 553
1, 615, 000 20, 495,420
5, 530, 000 16, 811,782
6,856, 000 16, 667,163
740,000
504, 000
17,997,904
847,000
13, 941,416
477,000
27,495,721
994,000
17,006, 968
485, 000
6, 494,817
627, 000
12, 640,289
249,000
14, 261, 009
707, 000
17, 723,102
747, 000
12, 759, 872
139,000
14,152,721
199, 000
12, 299, 526
966, 000
16, 039, 215
079, 000
13,136,062
237, 000
16, 247, 910
237,000
17,252, 546
456,000
21, 471,447
333,000
13, 348, 091
777,000
15, 817,719
670,000
13,840, 967
865, 000
10, 022,478
370,000
16,579,146
215,000
27, 439,000
380,000
13,708, 024
200,000
10, 911, 081
000,000
17, 822,172
300, 000
17,720,103
500, 000
9,944,285
490,000
21,723,090
200,000
100, 000
4,542,447
210,000
8, 390,631
745, 000
14, 903, 662
877,000
10, o n , 508
855, 000
12, 988,928
201, 000
13,777, 071
341, 000
7, 801, 569
944, 000
7, 099,102
820,000
7, 940, 095
340, 000
5, 454, 354
650,000
10,826,458
464, 000
19,634,350
13, 424, 496
15,927,009
17,860, 327
12,909,406
20, 062, 010
18, 851,993
9,938, 571
095, 000
095, 000
29,255,436
695,000
27, 865, 367
605,000
21,784,957
200, 000
30,375, 676
195,000
19, 359, 998
780,000
12,948,766
355,000
18, 580, 052
865, 000
18, 097, 518
030, 000
11, 218, 733
505,000
18, 703,315
988, 000
19,196, 563
010, 000
17,185,139
980,000
33,181,618
130, 000
25, 323,417
824, 000
12,003, 324
594, 000
21, 754,481
158
E E P O E T ON" T H E FINANOES.
N o . 5 6 . — A M O U N T OF EACH K I N D OF M O N E Y U S E D I N SETTLEMENT OF CLEARINGH O U S E BALANCES AGAINST T H E SUBTREASURY I N N E W YORK, ETC.—Continued.
Month.
1888—January...
February..
March--..April
May
June
July
August
September.
October—
Noveraber.
December..
1889—January...
February..
March
April
May
June
July
August
September.
October
November.
December..
1890—January . . .
February..
March
April
May
June
July
August
.
September.
October....
November.
December..
1891—January...
February..
March
April
May
June
July
August
September.
October.-..
Noveraber.
Deceraber..
1892—January . . .
February..
March
April
May
June
July
August
September.
October
November.
December .
1893—January . . .
February..
March
April
May
June
,
July
August
September.,
October
November December -,
1894—January —
February..,
March
April
,
May
June
,
July
August
Gold
Silver
Gold coin. United States Treasury
notes.
notes.
certificates, certificates
122,
170,
200,
191,
206,
187,
196,
175,
183,
174,
173.
176,
155,
187,
168,
148,
146,
154
154,
136,
73
138,
144,
145,
112,
1,;
156,
144,
142,
143
144,.
48,
49,
62,
15,
2,
281
473,
101,
1,201
5,556,
6, 302,
3, 268
7, 714
4, 649,
2, 760,
2,508,
4,958,
4, 017,
4,403,
i,r~
$4, 940,000
2, 475, 000
15, 395, 000
27, 645, 000
15,150, 000
13, 570, 000
19, 015, 000
275,000
5, 466,
6,813,
2, 990,
7, 600,
6,460,
4,410,
7, 382,
12,827,
1,121
5, 271,
16,440,
16, 928,
12, 750,
i,r"
149,
41
967,
13
3, 330
11, 204,
10, 295,
13, 988,
13,195,
12, 914,
15,173,
7, 398,
$291, 800
4, 296, 000
3, 293, 600
3,737,900
2, 304,890
3, 665, 210
2, 721, 730
2,539,705
2,177,146
1, 897,190
5, 032, 775
5, 578, 840
4, 462, 955
5, 241, 080
4, 881, 050
2, 682, 410
3,159, 270
3, 679, 220
4, 711, 715
4, 276, 605
3,671,750
4, 991, 719
10,490,120
14, 917, 675
12,116, 505
5, 757, 955
8, 353, 420
6, 621, 475
8, 978, 400
12, 856, 795
15, 356, 890
10, 468, 270
6, 295, 570
6, 047, 235
4, 869,147
1,047, 625
591, 780
5,240
55,055
132, 040
64, 565
2, 943, 000
1,030, 985
2,591,310
4, 892, 825
323, 350
23, 588
367,446
19,560
I 452, 500
,
, 481, 500
, 289, 500
, 058, 500
; 312.000
,
, 518, 000
,175,000
; 144,000
,
, 393, 000
, 065, 000
I 615, 000
,
. 810, 000
,
I 672, 000
,
! 692, 000
,
, 169, 000
, 622, 000
• 995,000
,
,163.000
, 320,000
i 049, 000
,
1,861, 000
; 129, 500
,
,705,000
, 653, 000
,984,000
,382,000
, 258, 000
' 173, 000
,
,811, 000
, 615, 000
,
i 996, 000
,
S 488, 000
, 851, 500
: 738, 000
,
, 527, 000
,301,900
: 937, 900
,
I 999, 900
,
' 863, 000
,
! 958, 000
,
, 260,000
,270, 000
. 302, 000
,
1 035, 000
,
1 925, 000
,
1,732,000
1 048, 000
,
, 288, 000
I 887, 000
,
: 980, 000
,
: 243, 000
,
I 643,000
,
i 464, 000
,
! 749, 000
,
, 207, 000
1, 949, 000
3, 756, 000
3, 671,000
$53, 575
6,210
1,465
545
Total,
159
TREASURER.
N o . 5 6 . — A M O U N T OF EACH K I N D OF M O N E Y U S E D I N SETTLEMENT OF CLEARINGH O U S E BALANCES AGAINST THE SUBTREASURY I N N E W YORK, ETC.—Continued.
Gold coin.
1894—September..
October
Noveraber..
December...
1895—January
February...
March
April
May
June
July
August
Septeraber..
October
November ..
Deceraber...
1896—January
February...
March
April
May
June
July
August
Septeraber..
October
Noveraber -.
Deceraber ..
1897—January
February...
March
April
May
June
July
August
.
Septeraber..
October
Noveraber..
Deceraber...
1898—January —
February...
March
April
May
June
July
August
September..
October
November..
December...
1899—January
February..
March
April
May
June
July
:
August
September.
October
November.
December .
1900—January —
February..
March
April
May
June
July
August
September.
$10, 700,000
15,300, 000
12,180, 000
11,070,000
15, 340, 000
15, 660, 000
33, 845, 000
14, 675, 000
14, 890, 000
34, 620,000
12, 746, 000
11, 365, 000
17,585,000
36, 350, 000
12,455, 000
13,890, 000
14, 835, 000
7, 515, 000
United States Treasury
Gold
Silver
notes.
certificates. certificates.
notes.
$10,090,104
17, 647,123
11, 768,108
11, 612, 625
24,475,063
10, 739, 397
2, 002, 981
13, 211, 975
13, 633,198
10, 430, 539
16, 919, 024
11,102, 727
5, 958,489
13,058, 663
9,802, 573
10,470, 323
25, 082,704
14,467 304
7,745 565
17,474 061
15, 019,177
13,744 846
18,111 543
9,609 325
13, 209 136
11, 254,963
12, 273 926
9,199 600
22, 232 327
4,461 729
4, 531 170
11, 765 000
16, 669 969
12,937 145
19,150 737
249
14, no,
039
8, 223,515
15, 861 Oil
14, 565 632
18,465 329
26, 625 874
9, 035,448
II,681 407
6, 245 545
490 052
7, 240 533
2,148, 071
1,537 896
374 288
223 019
122 151
233 338
239 677
194, 208
205, 511
230, 949
254 833
241, 744
211 443
221 933
110 913
407, 478
5; 041
6 143
2,170, 248
82 472
23 453
19, 410
17, 569
15: 808
18 485
23
17,725
$19, 630
25, 490
22,180
10,900
1,346,067
4,731,472
7, 203, 260
7,703, 020
678, 500
582,920
637,500
780, 000
960,100
262,000
251,000
893,000
545, 000
764,000
718,000
060, 000
597, 000
Total.
$10, 109,734
17, 672, 613
11, 790, 288
11, 623, 525
24, 475,063
10, 739,397
2, 002, 981
13, 211, 975
13, 633,198
10, 430, 539
16, 919, 024
11, 102, 727
5,958,489
13, 058,663
9,802, 573
10, 470,323
25, 082, 704
14, 467,304
7, 745, 565
17, 474, 001
15, 019,177
13, 744,846
18, 111, 543
609, 325
9,209,136
13, 254, 963
II, 273, 926
12, 199, 600
9,
23, 578, 394
193,201
9,734,430
II, 468, 020
19, 669,969
16, 937,145
12, 150,737
'19, n o , 249
14, 223, 039
8, 861, 515
15, 565, Oil
14, 465,632
18, 625,329
26, 035, 874
9,681, 448
11, 945,407
16, 790, 545
15, 420, 052
19, 268, 533
13, 877, 071
16, 034, 896
16, 068, 288
34, 797,019
14, 123.151
15, 859,338
34, 940, 677
12, 570, 208
11, 815,511
17, 604.949
36, 696, 833
12, 101,744
14, 056,443
15, 304.433
10, 990, 833
17, 642, 978
19, 786, 041
17, 130,243
33, 344, 248
12, 274,472
14. 912, 453
32, 562,410
20, 779, 569
17, 736, 808
23, 083,485
35, 614,725
17,
160
E E P O E T ON T H E FINANCES.
N o . 5*7.—MONTHLY E E C E I P T S FROM CUSTOMS AT N E W YORK AND PERCENTAGE
OF EACH K I N D O F M O N E Y E E C E I V E D , F R O M J U N E ,
Mouth.
1878—June
July
August ...
September
October ...
November.
December .
1879—January...
February -.
March
April
,
May
June . . . ^ . .
July
August ...
September.
October —
November.
December.
1880-—January...
February-.
March
April
May
June
July
August . . .
September.
October ...
November.
December .
1881—January...
February..
March..'...
April
May-..-...
June
July
August—
September.
October
November.
Deceraber .
1882~January--February..
March
April
May
June
July
August -..
September
October . . .
November.
December.
L883—January...
February..
March... .
April
May
June
July
August . . .
September
October . . .
November.
December .
1884 January-..
February..
March
April
May
Juiie
July
August . . .
September
October . . .
November.
Receipts.
Gold
coin.
Silver
coin.
United
States
notes.
1878.
Treasnry
notes.
Gold
certificates.
Silver
certificates.
Per cent. Per cent. Per cent. Per cent. Per cent. Per cent.
0.1
601
32.6
5.4
L8
O.I
65.0
29.1
1.2
4.6
0,3
23.5
0.9
7L0
4.3
0.3
18.6
L3
75.1
4.7
0.4
28.6
1.2
64.6
5.2
0.3
28.6
63.7
1.5
5.9
0.3
24.9
13:1
60.3
L4
0.1
20.4
3.9
69.5
6.1
0.3
6.1
2.2
05
90.9
0.2
2.7
0.1
0.6
96.4
0.1
3,3
02
1.3
95.1
0.2
4.7
0,1
0.9
94.1
0.2
6.2
0.6
93.0
0.1
15.1
0.3
84.5
0,3
18.6
0.4
80.7
0.2
20 8
0.5
78.5
0,1
21.8
58.6
19.5
0.2
27.4
46.4
24.1
0.2
23.4
60 9
9.5
0.2
10 5
68.3
15.0
0.1
2L8
63.2
14.9
0.1
24.9
6.0
69.0
0.1
. 29.7
62.2
8.0
0.2
27.1
52,1
20.6
0.1
32.9
18.2
48.8
0.1
3L4
10.8
57,7
O.I
37.8
55.9
6.2
O.I
44.6
5.4
49.9
0.1
5L9
5.6
42.4
O.I
50 0
45.0
4.9
0.2
47.8
40 2
5.8
0.1
45.1
47.5
7.3
0,1
44.1
44.5
11.3
O.I
47.1
47.6
5.2
0,1
5L5
44.5
3.9
0,1
50.9
45. 9
3.1
O.I
57.0
39.3
3.6
0.1
57.9
38.8
3.2
0.1
52.8
43.5
3.6
0.1
60,7
37.1
2.1
O.I
62.1
35.8
2,0
0,1
33.8
62.9
3.2
0,1
18.7
77.1
4.1
0.1
20.3
72.9
6.7
01
24.8
66.5
8.6
01
19,8
75.6
4.5
0.2
22.2
73.5
4.1
0.2
23,4
70.7
5.7
0.1
23.4
68.7
7.8
O.I
24.8
60 5
8.6
0.1
48.2
46,1
5.6
0.1
55,5
38.8
5.6
0,1
32.1
18.2
7.4
42.2
0.1
16.2
10.3
9.5
63.9
0.1
18.7
5.3
6.8
69.1
O.I
15.7
4.2
7.9
72.1
0.1
15.9
3.9
5.0
75.1
0 1
13.1
6.5
6.6
73.7
0.1
17.7
65.5
10.8
•5.9
0.1
201
62.2
4.7
6.9
20 2
69.4
3.3
7.0
13.0
79.1
2.3
5.5
18.0
73.2
2.7
6.0
13.9
77.8
3,2
16.4
5.0
75.8
2.9
22.5
4.8
67.6
19.4
3.1
0.1
6.7
71.3
23.7
0.1
2,8
6.4
66.2
22.0
0.1
2.4
7.6
67.5
20 4
0.1
2.1
8,3
60.7
26.8
01
L8
ILO
56.9
35.3
0.1
2.5
13,7
46.5
35.6
0.1
3.3
14,8
40.0
32.4
0.1
3,1
21.2
48.1
32.3
0.1
1.6
17.8
44.4
31.4
0.1
1.3
21.9
32.4
32.1
0.1
1.6
34.5
23.6
42.2
0.1
1.8
42.4
18.3
1.9
O.I
37.5
161
TREASURER.
No.
5 7 . — M O N T H L Y E E C E I P T S FROM CUSTOMS AT N E W YORK AND P E R C E N T A G E
01*' EACH K I N D OF MONEY R E C E I V E D , FROM J U N E , 1878—Continued.
Month.
1884—December
1885—January
February
March
April..,
May
June
July
August
Septeraber
October
November
December
1886—January
February
March..'
April
May
June
July
August
September
October
Noveraber
December
1887—January
February
March
April
May
June
July
August
Septeraber
October
Noveraber
Deceraber
1888—January
Februa'ry
March..'
April
May
Juiie
July
August
Septeraber
October
Noveraber
Deceraber
1889—January
February
March
April
May
June
July
August
Septeraber
October
November
Deceraber
1890—January
February
March
April
May
June
Jaly
August
Septeraber
October
Novem'ber
December
1891—January
February
March..'
April.
May...
June
Receipts.
....
—
i. ...
...
...
...
FI 1900
II,
12,
12,
10,
8,
9,
10,
11,
12,
10,
9,
11,
12,
14,
12,
11,
'10
10,
II,
13,
14,
II,
10,
II,
12,
15,
13,
12,
10,
9,
13,
13,
11,
U,
9,
10,
14,
13,
12,
11
9,
10,
14,
12,
13,
II,
11,
10,
13,
13,
12,
12,
11,
10,
15,
13,
12,
13,
10,
14,
17,
12,
15,
16,
10,
10,
16,
12,
10,
7,
7,
11
000
000
000
000
000
000
000
000
000
000
000
boo
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
.000
000
000
000
000
000
000
000
000
000
000
484
486
960
688
438
437
445
625
630
511
153
791
716
000
514
653
906
885
977
480
075
867
857
516
128
016
335
331
061
328
055
456
373
414
917
775
418
Gold
coin.
Silver
coin.
P e r cent. P e r
1,7
1,1
0 8
0 7
0,9
0,7
0.7
0.7
0 6
0 7
0.8
0.9
0,7
0.6
0 4
0,6
1,0
0.8
0.7
0.7
0.7
0.6
0.7
1.1
L2
0.9
0.4
0.8
1.1
1.0
1.3
1.4
0.8
1.1
1.2
1.2
Ll
0.7
0.6
0.4
0 3
0.2
0.1
0.1
0.1
0.1
0.2
0.1
0.1
0.2
0.2
0.1
0.2
0 2
01
0.1
0.1
0.2
0,
0
0
0
0,
0
0
0 3
0.1
0.1
0 2
0.2
0.2
0.2
United
Statea
notes.
cent. P e r cent.
36.3
0.1
31.7
0.1
35.4
0.1
25.0
0.1
19.6
0.1
18.8
0.1
33.3
0.2
46.7
0.2
38.2
0 3
25.8
0 3
10 9
0.2
28.4
0.4
24.7
0.3
31.0
0 3
47.3
0.2
0 3
58,
0.3
66
0 3
71
0.2
81
0.3
84,
0 4
73
0.3
22,
0.3
16,2
0.3
17,1
0 3
10 3
0 4
14.7
0.2
15.1
0.3
13.0
0.3
13.6
0.4
12.1
0.3
13.8
0.4
11.6
0.2
10 3
0.2
10.4
0.3
11.3
0.5
12.1
0.4
12.7
0.3
10.4
0.2
13.1
0.4
11.1
0.3
13.4
0.4
13.0
0.3
ILI
0.2
8.1
0.1
6:3
0.2
5.9
0.2
6.3
0.2
0.2
9.2
0.1
10.6
0.1
9.4
0.1
9.2
0.1
8.3
0.1
12.3
0.1
.18.8
0.1
10.4
0.1
10. 3
0.1
7.9
0.1
7.3
0.1
5.8
0.1
5.3
0.0
4.6
0.1
3.0
0.1
2.7
0.1
2.7
0.1
3.6
0.0
2.7
0.1
2.5
0.0
3.0
0.1
1.9
0.0
2.1
0 1
2.9
0 1
3.0
0.0
4.1
.5.0
oo
6.0
oo
7.3.
oo
15.0
0.0
44.6
oo
Treasury
notes. '
3.5
11.0
15.5
14.6
6.9
5.2
7.3
12.4
25.6
30.2
28.9
Gold
certificates.
Silver
I certifiI cates.
P e r cent. P e r
1.7.9
20 6
3L4
39.7
38.1
43.0
32.5
28.8
47.4
63.4
70.8
56.9
60.5
53.3
43.3
31.5
20 2
12.2
4.8
2.9
10 5
67.3
70.8
69.3
66.7
67.8
74.2
74.5
71.6
72.4
72.6
76.2
79.9
79.9
78.1
75.4
74.8
77.6
75.8
78.7
73.1
69.6
73.5
83.0
87.6
89.1
89.5
87.2
86.3
83.0
85.1
87.5
88.8
81.5
74.5
85.6
86.5
89.7
90.5
92.6
92.4
92.5
95.0
95.7
95.4
93.6
94.5
95.3
91.7
85.5
80.9
80 4
87.8
88.5
81.0
64.9
47.0
27.8
12-3
cent.
44.0
40.5
32.3
34.5
41.3
37.4
33.3
23.6
13.5
9.8
11.3
13.4
13.8
14.8
•8.8
9.2
12.3
15.3
12.6
11.3
8.9
9.3
12.0
12.2
15.5
16.2
10,1
IL4
13.4
14.1
12.0
10.4
8.8
8.4
9.1
10.8
11.0
ILO
10.3
9.2
12.5
16,1
14.4
8.3
5.5
4.4
3.6
5 4
4.1
6.2
5.3
3.1
2.7
5 9
6.5
3.8
2.9
2.1
2.0
L3
2.0
2.8
L8
1.4
1.6
2.5
2.7
2.0
1.7
1.4
1.3
1.7
1 9
2.1
6.6
16.5
20.0
26. 8
14,0
162
No.
EEPOET ON T H E FINANCES.
5 7 . — M O N T H L Y E E C E I P T S FROM CUSTOMS AT N E W YORK AND PERCENTAGE
OF EACH K I N D OF M O N E Y R E C E I V E D , FROM J U N E , 1878—Continued.
Month.
1891—July
Augnst --September
October . . .
NovemberDecember .
1892—January -.
February .
March
April
May
June
July
August .-.
September.
October . . .
November.
December.
1893—January...
February..
March
April
May
June
July
August . . .
Septeraber
October ..Noveraber.
Deceraber .
1894—January...
February..
March
April
May
June
July
,
August
September.
October . . .
November.
December.
1895—January...
February .
March..'-..
April
May
June
July
August . . September
October . . .
NoveraberDeceraber .
1896—January...
February..
March
AprU
May
June
July
August...
Septeraber
October . . .
NoveraberDecember 1897—January...
February .
March.....
April
May
June
July
August - - September.
October . . .
November.
December.
1898—January . .
Receipts.
$11,303,169
10,460,330
9, 961, 740
9, 337, 291
8, 502, 785
9, 314, 666
11, 960, 445
11, 628, 815
10, 871, 923
8,879, 912
8,103, 436
9, 591, 270
12, 295, 908
13,175, 485
11, 335, 347
10, 341,120
9, 951, 385
10, 570, 853
15,291, 892
12, 439, 280
2, 805, 673
2, 717, 539
9, 967, 707
9, 337, 798
10, 220,733
8,188, 032
7,964,839
7,537, 386
6,312, 807
5,645,908
8, 315, 531
7,424,084
7, 448, 479
6, 732, 696
6, 238, 234
5,181,179
6,175, 379
8, 723, 031
9, 692, 868
8, 228,744
6,769, 608
7,432, 396
12,817, 827
9,341,674
9, 798, 083
8, 824, 715
8,104, 095
7, 510, 041
10, 633, 052
10, 296, 684
9, 756, 439
9, 299, 368
7, 703, 376
8, 819, 874
10,424, 267
10, 077, 426
9, 319;874
7, 583, 921
7,359,996
7, 213, 357
8, 258, 485
8,4^9,638
7, 618, 849
7,163,489.
6,6^:5,832
7,283,820
7,704. 500
8,359,683
17, 579, 640
17,711,324
9, 092, 278
14, 689, 699
12, 299, 463
5,197,107
5, 354, 059
6, 792, 041
6, 926, 307
7, 880, 299
10, 463, 456
Gold
coin.
Silver
coin.
United
states
notes.
P e r cent. P e r cent. P e r
0.2
0.0
0.2
0.0
0.1
0.1
0.2
0.0
0.1
0.0
0.1
0.0
0.1
0.0
0.1
0.0
0.1
0.0
0.2
0,0
O.I
0.0
0.2
0.0
O.I
0.0
0.0
0,0
0,0
0,0
0.1
0,0
0.1
0.0
OO
0,0
0,0
0.0
OO
. 0.0
0.0
0.0
0.1
0.0
0,1
0.0
0.0
0.0
12.5
0.0
47.4
0.3
58.1
0.2
37.6
0.1
31.0
0,1
28.0
0.1
17.0
0.1
7.2
0.1
3.8
0.1
2.80.1
2.3
O.I
1.9
0.1
0.0
O.I
0.5
0.1
0,1
0,1
0.0'
0,1
0,0
0.1
0,4
0.1
0.7
0.1
0.0
0,3
0,2
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.1
0.0
0.1
0.0
0.0
0.1
0.1
0.0
0.0
• 0.0
0,0
0.0
0,0
0.0
0,0
0,0
0,0
0.0
0.0
0,3
0.0
OO
0.0
0,0
0.0
0.0
0.0
0.0
0.0
0.2
0.0
3.7
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
0.0
0.0
0.0
0.0
0.0
0.6
0.0
0,4
0.1
0.8
0.1
3.6
0.0
5.0
0.0
9.7
0.0
6.8
0.0
Treasury
notes.
cent. P e r
49.0
50.5
55.3
44.0
3L3
14.8
15.0
36.2
42.5
46.4
40.6
26.8
28.4
25.6
45.8
5L9
52.8
46.4
42.1
33.3
28.0
4L0
26.2
53.0
55.6
37,6
16,3
20,7
16,3
11.6
n.2
20.5
31.4
21.9
9.6
6,8
23,4
29.6
44,5
58.9
55,0
54.4
53.6
63.1
67.0
60.6
54.8
60.2
67,1
72.4
78.1
74.8
73.4
68.6
47.4
53.4
65.4
62.7
50.1
40 0
53.1
70.4
73.8
65.4
56.8
56.7
42.6
36.2
5L7
48.0
46.3
6L6
68.8
62.2
66.9
67.8
63.0
60.0
54.1
Gold
certificates.
cent. P e r
27.4
3L5
28.4
3L6
22.3
16.7
14.5
28.6
33.0
31.6
36.4
49.1
42.2
5L9
39.7
35.0
33.0
40.0
33.2
36.8
48.5
32.7
35.9
35.0
15.0
5.3
0 2
10.2
6.4
8.1
11.8
15.5
15.2
9.6
7,0
7,6
17.1
2L9
31.8
14.0
13.1
6.2
5.0
5.2
2.1
3.4
8.7
3,4
L9
2.1
L7
1.0
LO
L8
2,7
2,8
1.3
0.7
0.8
L3
0,7
0 6
0.4
0.4
0.4
0,7
9.2
20.2
27.5
28.8
13.6
6.2
2.7
L7
L8
0.8
L7
0.8
1.2
Silver
certificates.
cent. P e r
14.9
12.6
1L7
19.8
43.5
65.3
66.1
25.8
18.7
14.9
9.9
8.0
13.8
12.1
3.6
6.6
7.8
4,4
8,9
9,2
7.8
2.9
0.0
0.0
4.6
4.3
L7
0.1
0,4
Ll
0,6
0,5
0.1
0.0
0.0
0.0
0.0
OO
OO
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.2
0.0
0.0
0,0
oo
0.0
0.0
0.0
0.0
0.0
oo
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
oo
0.1
0.0
0.0
0:0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
cent.
8.5
5.2
4.4
4.4
2.8
3.1
4.3
9.3
5.7
6.9
13.0
15.9
15.5
10.4
10.9
6.4
6.3
9.2
15.8
20.7
15.7
23.3
37,8
12.0
12,3
5.1
17,5
31.3
45,8
5LI
59.3
50 2
49.4
65.6
81.0
83.6
59.4
47,9
23,5
27, 0
3L8
38.9
40.6
31.4
30.7
35.8
36.3
36.2
30.5
25.4
20.2
24.0
25.6
29.6
49.9
43.8
33.3
36.6
48.8
58.7
46.2
29.0
25.8
34.0
39.1
42.6
48.2
43.6
20.7
22.9
401
32.2
27.9
35.6
30.4
27.8
30. 3
29.5
37.9
163
TEEASUEEE.
No.
5 7 . — M O N T H L Y R E C E I P T S FROM CUSTOMS AT N E W YORK AND P E R C E N T A G E
OF EACH K I N D OF M O N E Y R E C E I V E D , FROM J U N E , 1878—Continued.c
Gold
coin.
Receipts.
1898—February .
March
April
May
June
July
August . -.
September
October - . .
November.
December.
1899—January-..
February .
March
April
May
June
July
August . . .
Septeraber
October . . .
November.
. December .
1900—January...
February .
March
April
May
June
July
Angust . . .
September
No.
602, 373
577, 859
164,193
232, 713
364, 918
960, 211
905, 996
Oil, 729
188, 538
981, 266
581,844
515, 437
188, 922
546, 939
624, 873
681, 989
294, 484
680, 582
778,484
727, 242
261, 403
677, 850
780,317
807,667
477,192
914, 202
891,826
698,357
324, 975
434,985
464.539
792, 052
Silver
coin.
P e r cent. P e r
6,1
17.6
52,7
73.5
67.7
59,9
63.8
78,0
79.6
77.5
80.2
78.4
81.0
85.6
85.9
83.6
83.4
85.3
88.3
79.2
30.8
24.6
12.8
5.5
4.0
6.6
4.6
2.9
3.3
1.8
3.1
3.7
United
States
notes.
cent. P e r
0.0
0.0
0.0
0.0
0,0
0.0
0,0
0,0
0.0
0,0
0.0
0.0
0.0
0,0
0.0
0.0
0,0
0.0
0.0
0.0
0,0
0,0
0,0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
oo
0.0
Treasury
notes.
cent. P e r
63,6
60.9
33.9
15.3
17.7
22.6
17.6
9.9
8.6
10.6
8.7
6.9
5,9
4,4
4,2
4.9
4.9
5.3
3.7
2.7
2,8
1.9
1.8
3.0
3.2
2.5
5.1
4.1
4.4
6.3
1L3
9.6
Fifty
cents.
Twenty- T w e n t y
five cents. c e n t s .
Ten
cents.
Five
cents.
Silver
certificates.
cent. P e r cent. Per cent.
L2
0.0
29.1
0.3
0.0
2L2
0.4
0.0
13.0
0.5
0.0
10.7
0.3
0.0
14.3
0.4
0,0
17.1
0.3
0.0
18.3
0.3
0.0
11.8
OO
0.3
11.5
0.3
0.0
1L6
0.0
0.3
10.8
0.2
0.0
14,5
0.1
0.0
13.0
0.2
. 0.0
9.8
0.1
0.0
9.8
0.2
0.0
1L3
0.2
0.0
11.5
O.I
0.0
9.3
0.2
2.0
5.8
0.1
„ 5.7
12.3
0.4
57.9
8.1
0.0
7L7
1.8
0.0
83.2
2.2
0.0
15.0
76.5
OO
27.3
65.5
0.0
10 4
7L5
0.0
82.5
7.8
0.0
78.2
14.8
0.0
75.3
17.0
0.0
13.4
78.5
0.0
12.1
73.5
3.9
0.0
• 82.8
5 8 . — F R A C T I O N A L S I L V E R C O I N O F EACH DENOMINATION
OF THE TREASURY AND M I N T J U N E 30,1900.
Ofiice.
Gold
certificates.
I N EACH O F F I C E
Three
Uncurrent.
cents.
Total.
TEEASURY.
Washington
Boston
Chicaffo
NewOrleans
NewYork
PhUadelphia
SanFrancisco
St Louis
$332,400. 00 $77, 220.00
61,150. 00 127, 700. 00
14, 388. 00
44, 400. 00
208, 000. 00
73, 000. 00
63, 000. 00
54, 000. 00
224, 450. 00 161, 900 00
467, 000. 00 413,000.00
15, 000. 00 299, 000. 00
112, 225. 00
71, 802.75
83, 250. 00
78, 750. 00
$13.40 $13,995.00
11, 700. 00
7, 669. 30
21, 000. 00
8, 000. 00
7,145. 00
59, 000. 00
7, 000. 00
9, 641. 60
20,700 00
$49.00 $68. 34 $100, 825.50 $524, 571. 24
60, 069. 60
260, 619. 60
104,128. 30 170, 637. 50
si.oo'..
139, 938. 00
441, 938. 00
86, 215. 00
211, 215. 00
30, 839.21
10.00
424, 344. 21
227, 000. 05 1,166,000. 05
113, 344. 20
434,344 20
9.70
43, 000. 00
236, 679. 05
297, 074. 00
114, 374. 00
2, 040.00
27, 680. 00
270. 00
456, 795. 00
324, 521. 25
2, 420.00
24,145.00
404. 00
227, 659. 70
163, 090,10
20.82
4,460. 38
125,892. 68
1, 274. 50
247, 983. i s 1, 281, 437. 88
1, 036. 81 . L 122. 243.16
2, 619,148.50 2, 212, 079. 00
13.40 583, 569, 70
MINT.
20.82
.38
18, 977.68
Boise C i t v
Nftw O r l e a n s
New Tork
Philadelphia-...:
San Francisco. -.
Total
55, 090, 00
600,50
349, 000. 00
633, 595. 00
120. 60
68.34 1,287,752.731 6,702,752.27
164
No.
BEPORT ON THE
FINANCES.
f59.—MINOR COIN oi' EACH DENOMINATION IN EACH O F F I C E OI.*' THE TREASURY
AND M I N T J U N E 30,
1900.
F i v e cents.
Three
cents.
Two
cents.
One c e n t . U n c u r r e n t .
$20. 00
$4, 007. 00
2,700. 00
3, 610. 45
8, 790. 00
4,900.00
3, 562. 25
7, 000. 00
3, 895. 99
2, 350. 00
$8, 734.24
1, 684. 56
5, 836.87
5, 221.45
4,153.09
590.54
27,194, 87
15,186. 30
6, 200. 00
2, 205. 69
$19, 612. 24
15,134.50
13,112. 32
20,711.45
19,653. 09
8, 382. 79
47,194. 87
35,186. 30
18, 854. 39
4, 905. 69
166, 435.00
63, 365.00
5 0 22
11, 673. 35
50.22
241,473. 35
250, 435. 40
690.00 I 234.00 104,180. 69
88,731.18
444,271.27
$6,761.00
10, 750, 00
3,665,00
6, 700. 00
10, 600.00
4,230.00
13,000 00
2 0 000. 00
7, 944.40
350. 00
"Washington . . .
Baltimore
Boston
Chicago
Cincinnati
N e w Orlemis . New Tork
Philadelphia...
San Francisco .
St. L o u i s
New Tork —
Philadelxihia.
Noo 6 0 . - - S H I P M E N T S
$90.00
OF S I L V E R C O I N FROM EACICL O F F I C E OF THE TREASURY^ AND
M I N T , FROM J U L Y 1, 1885.
D u r i n g fiscal y e a r 1900.
Total to J u n e
30, 1899.
. Oftice.
Fractional
silver.
Standard
doUars.
T o t a l for y e a r .
Total to J u n e
30, 1900.
$20,060,046.74
5,512,283.48
58, 212,700. 24
37,320 092 76
50, 057,185.65
55, 543,763. 01
116, 200, 765. 68
82,153, 780.48
61, 432, 026. 92
34, 288, 536. 25
TREASURY.
$18, 390, 456. 04
5, 097, 763.48
53, 571, 386, 44
32, 399, 827, 26
47, 261,318. 25
49, 491, 654. 41
103, 328, 071. 38
71, 932, 867. 43
53, 988, 540 92
31,359,081.25
Baltimore
New Tork
Philadelnhia
Boston
Cincinnati
Chicago
St. L o u i s
N e w Orleans
San Francisco
$1, 303,784. 00
129,000.00
1, 371, 592. 00
2, 538, 475. 80
L 504,000. 00
4, 061. 761.00
8,817,795.00
7, 708, 534. 00
7, 340, 600. 00
1,488, 000, 00
$365,806.70
285, 520. 00
3, 269,727. 80
2,38L789.70
1, 291, 867. 40
1,990,347.60
4, 054, 899. 30
2. 512, 379. 05
102, 880. 00
1,441,455,00
$1, 669, 590. 70
414, 520. 00
4,641,319.80
4, 920, 265. 50
2, 795, 867. 40
6, 052,108. 60
12, 872, 694. 30
10, 220, 913. 05
7,443,480. 00
2, 929, 455. 00
22, 769, 412. 03
52, 787, 569. 35
7, 264, 490. 00
653, 630.00
21, 050. 00
200,00
802, 880, 00
1, 208, 350, 00
823, 930. 00
1, 208, 550. 00
550, 296, 074. 24
36, 284, 791, 80
19,707, 902, 55
55, 992, 694. 35
MINT.
Philadelphia
N e w Orleans
San Francisco
...
Total
23, 593,
53 990
7,264,
653,
342, 03
119 35
490. 00
630.00
606, 288, 768.59
N o . 6 1 . — S H I P M E N T S OF S I L V E R C O I N FROM THE TREASURY O F F I C E S AND M I N T S
D U R I N G E A C H F i S C A L Y E A R F R O M 1 8 8 6 , AND C H A R G E S T H E R E O N F O R T R A N S P O R TATION.
Fiscal year.
1886.
1887.
1888.
1889.
1890.
18911892.
1893.
1894.
1895.
1896.
1897.
18981899.
1900.
Standard
dollars.
$28, 953,654.18
26,427, 496. 71
27, 283,457. 90
29, 299,237. 20
24, 614,586. 95
27, 098, 582. 65
24, 516, 980. 50
27,155, 466. 80
28,412, 300. 35
29, 600,035.10
33, 270,610.00
33, 305,262. 00
36,284, 791. 80
Fractional
coin.
$8, 033 053. 75
8, 331,777. 97
9, 405,227. 50
11, 598.692.10
14,270, 479.51
11,957, 903. 90
9, 281,407. 08
11, 885, 117.47
12, 458,107.03
12, 029,955. 29
15, 330,205. 24
17,018, 536. 65
19, 707,902. 55
Charges.
$33, 561,037. 57
35. .196,902. 84
36, 986,707. 93
34, 759,274. 68
36, 688,685.40
40, 897,929. 30
38, 885,066.46
39, 056,486.55
33, 798,387.58
39, 040,584. 27
40, 870,407.38
41,629, 990. 39
48, 600,815. 24
50, 323, 798. 65
55,992, 694. 35
$67, 820.99
62, 353. 38
70, 057. 68
69, 309. 34
. 73, 045.73
77, 257. 62
76,178.69
71,980. 77
67, 086.44
.78,333.84
78,755. 54
81, 526. 24
110,065. 53
111, 741.61
125, 969, 37
Eate per
$1,000. .
$2.02
1.77
L89
L99
I. 99
L89
1.96
L84
1.98
2.01
1.93
1.96
2.26
2.22
2.25
165
TEEASUBEE.
No.
6 2 . — S E M I A N N U A L D U T Y COLLECTED FROM NATIONAL BANKS FOR EACH FISCAL
TEAR.
Fiscal year.
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
3892
1893
1894
1895
1896
1897
1898
1899
1900
On c i r c u l a t i o n .
„
.
:
..
.. ..
.
.
.
.. .
i
„.
'
63.—BONDS
HELD
K a t e of
interest.
TotaL
$167,537.26
1,954, 029. 60
5,146, 835.81
5, 840, 698, 23
5 817 268 18
5, 884, 888. 99
5 940 474 00
6 175 154 67
6,703 910 67
7, 004, 646. 93
7,083,498. 85
$18,432. 07
133,251.15
406, 947.74
321,881. 36
306, 781. 67
312, 918. 68
375, 962. 26
385, 292.13
389, 356. 27
454,891.51
469, 048. 02
507,417.76
632, 296.16 1
660, 784. 90
560, 296.83
401, 920. 61
379,424.19
431,233.10
437, 774. 90
269, 976.43
7, 855, 887. 74
7.305 ^M
04
7. 229 291 .56
7,013, 707.81
6,781,455 65
6, 721, 236. 67
7,591 770 43
8,493,552 55
9,150, 684. 35
6,175, 773. 62
3,024 668 24
2,794, 584. 01
2, 592, 021. 33
2,044 922 75
1,616, 127.53
1,410,331.84
I, 254, 839. 65
I, 216,104.72
I, 331, 287. 26
1,443,489. 69
1,721,095.18
I, 704, 007. 69
1, 851, 676, 03
2, 020, 703. 65
1, 901, «17. 71
1, 991, 743. 31
1, 881, 922. 73
155. 982, 823,19
'
FOR NATIONAL BANKS J U N E
CHANGES DURING THE T E A R .
K i n d of b o n d s .
On c a p i t a l .
$95, 911.87
1, 087, 530.86
2,633,102.77
2, 650,180.09
2, 564,143.44
2, 614, 553. 58
2, 614, 767. 61
2,802, 840. 85
3,120,984.37
3,196, 569.29
3, 209, 967. 72
3, 514, 265. 39
3, 505,129. 64
3, 451, 965. 38
3, 273, 111. 74
3, 309, 668.90
4, 058, 710.61
4, 940, 945.12
5, 521, 927. 47
2, 773, 790.46
87,186, 868.29 i 60. 940. 067.16
Total
No.
$53,193.32
733,247.59
2,106, 785.30
2, 868, 630 78
2, 946, 343.07
2, 957,416.73
2,949, 744.13
2, 987, 021. 69
3,193, 570. 03
3, 353,186.13
3, 404,483.11
3, 283, 450.89
3, 091, 795. 76
2,900, 957. 53
2, 948, 047.08
3, 009, 647.16
3,153, 635. 63
3,121, 374. 33
3,190, 981.98
3,132, 006. 73
3, 024, 668. 24
2, 794, 584. 01
2, 592, 021. 33
2i 044, 922. 75
I, 616,127.53
1,410, 331. 84
1, 254, 839. 65
I, 216,104. 72
1, 331, 287. 26
1,443, 489. 69
1, 721, 095.18
I, 704, 007. 69
1, 851, 676. 03
2, 020, 703. 65
I, 901, 817.71
1, 991, 743. 31
1,881,922. 73
On d e p o s i t s .
Held J u n e
30, 1899.
30,
1899
AND
1900,
AND
D e p o s i t e d "Withdrawn Held J u n e
during
during
30, 1900.
year.
year.
TO SECURE CIRCULATION.
Funded
Consols
Funded
L o a n of
L o a n of
L o a n of
loan of 1891, c o n t i n u e d
of 1930
loan of 1907
•.
1925
1904
..
1908-1918
P e r cent.
2
$20, 557, 600 $3, 568, 300 $13,116, 500 <ftn.on9.400
2,106, 500 1 237i 833, 950
2
239,940,450
4
i28, 241, 300 21, 710, 050 133, 490, 650 i 16. 460.700
4
3,805,000 13, 674, 900
7, 762, 850
17, 632, 750
5
1,301, 500
14, 252,100 14, 638,850 27, 589, 450
3
10, 009, 640
49, 004, 360 21,444, 720 60,439, 440
229, 688, n o 305,107, 370 250,417, 440
Total
284,378,040
3,125, 000
47, 652, 900
15,505,550
5, 527, 950
4, 969, 000
10,642,260
1,490,500
3 ns.q 7on
24.164.000
3, 694,000
8,293,000
23,807, 920
3, 017, 000
44,569,200
17, 331, 650
10, 857, 450
4,954,000
12, 335,180
75, 000
87, 422, 660
64, 533,120
93.139,480
299, 938, 050 392, 530, 030 314,950, 560
377,517, 520
TO SECURE DEPOSITS.
F u n d e d loan of 1891, c o n t i n u e d .
Consols of 1930
....
F u n d e d loan of 1907
Loan of 1925
L o a n of 1904
L o a n of 1908-1918
B o n d s of t h e D i s t r i c t of C o l u m b i a
Total
Aiiffrejiate
2
2
4
4
5
3
3,65
1, 382, 500
25,990,100
9, 023, 500
8, 278, 000
25, 500, 840
75, 000
70, 249, 940
166
No.
REPORT ON T H E F I N A N C E S .
6 4 . — R E C E I P T S AND DISBURSEMENTS OF P U B L I C M O N E Y S THROUGH NATIONALBANK D E P O S I T A R I E S , B Y FISCAL T E A R S .
Fiscal year.
1864
1865
1866
1867
1868
1869
1870
1871
1872
1873 .1874
1875
1876
1877
1878
1879
1880 . . 1881
1882
1883
18S4
1885
1886
1887
1888 - - .'.
1889
1890
1891 .
1892
1893
1894
1895
1896
1897
1898.
1899
1900
Total
Receipts.
F u n d s transF u n d s transf e r r e d t o b a n k s . ferred to T r e a s u r y
by banks.
$153,395,108.71
987, 564,639.14
497, 566, 676.42
351, 737, 083. 83
225, 244,144.75
105,160,573.67
120,084, 041. 79
99, 299, 840. 85
106,104, 855.16
169, 602, 743. 98
91,108, 846.70
98, 228, 249. 53
97, 402, 227. 57
106, 470, 261. 22
99,781, 053. 48
. 109, 397, 525. 67
119,493,171,94
131,820,002,20
143, 261, 541.41
145, 974, 256. 86
129,100, 449. 35
119, 056, 058. 94
123, 592, 221. 68
128,482, 769. 20
132,591,946.77
139,316,214.49
147,761,566.81
152, 389, 837. 70
159, 380, 415.47
166, 257, 566.29
147, 326, 916.13
169, 440, 435. 46
181,705, 917.74
149, 306, 649. 29
207,178,119.61
283, 276, 222.20
303, 903, 655. 56
$816 000,00
8,110 294. 70
13,523 972.62
8,405 903.63
9,404,392.00
10,052,199.44
2,466,52L06
2,633,129. 45
3,050 444. 05
9, 004 842.49
2,729, 958. 81
1, 737,445. 60
2, 445,451.49
2, 353 196.29
2, 385, 920. 38
6, 890 489.06
6,489 634.17
5, 646, 092.46
5, 256, 574. 29
5, 292, 840. 22
5, 501,161.18
4,798 782. 35
8,786 546. 55
11,476, 372.92
80, 082, 442.39
20,723, 547.15
20, 285,150. 91
21, 364 103. 93
24,793 023.09
28,583 034.22
39, 501, 947. 41
41, 892, 885. 26
46, 867, 861. 23
50, 059 755. 00
82,971, 223. 08
226,173 117.13
166,289, 607. 85
6, 798, 763, 807, 57
988, 845, 863. 86
$85, 507, 674. 08
583, 697, 912. 72
363,085 565. 65
331, 039 872. 57 ,
215,311,460.69
114, 748, 877. 24
111, 123, 926.18
89,428, 544.04
94, 938, 603. 76
108, 089,786.76
134, 869 112.57
82,184, 304. 05
89,981,146.99
94, 276,400. 35
90,177,963. 35
100, 498, 469. 29
109, 641, 232. 64
118,143, 724.91
129,131, 305.07
132, 075, 358. 80
116, 227, 722.17
105,952,609.09
112, 862, 815. 24
118, 372, 954. 27
161,168, 708. 67
152, 338, 700. 22
163, 808,952.13
155, 747, 224.40
172, 960, 512.47
172, 620, 613.70
162,102, 390.66
187, 592, 511.38
205, 465, 259.58
179, 269, 503.12
245, 636, 845. 31
448,437, 283.16
425,260, 383.24
6,463, 776, 230. 52
Drafts paid by
banks.
Balance.
$28, 726, 695.88 $39,976, 738. 75
415, 887, 767. 81
36, 065,992.06
149,772, 756.11
34,298,319.34
37, 218, 612. 76 26,182,82L47
23,301,709.61
22, 218,187.92
14, 890, 463. 75
8, 875,141. 73
11,818, 228. 61
8, 483, 549.79
13, 790, 961. 01
7,197,015.04
13, 635, 837.49
7, 777, 873. 00
16,110 519.07
62,185,153. 64
13, 364 554. 52
7, 790, 292. 06
13, 657, 678. 25
11, 914, 004.89
13, 909, 616.83
7, 870, 920.13
7, 555, 776. 41
14, 862, 200. 88
12, 606, 870. 60
6, 937, 916. 32
7,183,403.42
15, 544 058. 34
7, 999, 953.86
15,525 023.03
18, 388, 772. 82
8,933,550.79
18, 709, 928. 56
9,610,432.86
18,-771,472.81
10, 030,698. 33
17,688,442.52
10,716,144.17
17,633 235.03
10, 985,141. 34
16, 464, 462.15
14, 036, 632.18
16,432, 743. 24 19,190, 076. 79
15, 782, 267. 54
54, 913, 489. 74
19, 309, 039. 25 43, 305, 511. 91
20, 548, 812. 80 26, 994, 464. 70
23, 386 731. 39
21, 614,450. 54
22,162 485.24
10,664, 891. 39
22,707 590.82
10,177,287. 38
24, 265, 231. 27
10, 638, 528.99
23,186, 071.15
11,193, 267.18
22, 671, 550.77
11, 630, 235. 80
19, 350, 217. 54 12, 376, 919. 43
22, 830, 954. 62
34, 058,462.19
24, 560 430. 04
70, 510, 088. 32
22, 606.835.39
92, 836,133.10
1, 230,997,307. 81
N o . 6 5 . — N U M B E R OF NATIONAL BANKS AND OF NATIONAL-BANK D E P O S I T A R I E S
AND AMOUNT OF B O N D S H E L D F O R THEM AT T H E CLOSE OF EACH F I S C A L T E A R .
Fiscal year.
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,
Bonds held
N u m b e r N u m b e r Bouds held
of deposi- t o s e c u r e cirto secure
of b a n k s
culation.
taries.
p u b l i c funds
26
467
1,294
1,634
1,636
1,640
1,619
L612
L723
1,853
1,968
1,983
2,076
2,091
2,078
2,056
2,048
2,076
2,115
2,239
2,417
2,625
2,689
2,809
3,014
3,128
204
330
382
385
370
276
148
159
163
158
154
145
143
145
124
127
131
130
134
140
135
132
160
200
290
185,750
44, 266, 900
235, 989, 700
327, 310, 350
340, 607, 500
341, 495, 900
342, 851,600
342, 278, 550
359, 885, 550
380, 440, 700
390, 410, 550
391, 171, 200
376, 314, 500
341, 394, 750
338, 713,600
349, 546,400
354, 254, 600
361, 652,050
360, 505, 900
360, 722, 700
356, 596, 500
334, 147, 850
312, 145,200
275, 974, 800
191, 966,700
178, 312,650
$30, 009, 750
32, 707, 500
. 38,177, 500
39,177, 950
38,517, 950
25,423, 350
16, 072, 500
15, 536, 500
15, 329, 000
15,210,000
15, 390, 200
14,547,200
14, 578, 000
15, 377, 000
13,'858, 000
14,421,400
14, 777, 000
15, 295, 500
15, 925,000
17,116, 000
17,060,000
17,607,000
19, 659, 900
26,485,500
56,128,000
' T o t a l of
bonds held.
$1,185, 750
74, 276,650
268, 697, 200
365,487, 850
379, 785,450
380, 013, 850
368, 274,950
358, 351, 050
375, 422, 050
395,769,700
405, 620, 550
406,561,400
390, 861, 700
355, 972,750
354, 090, 600
363, 404, 400
368, 676,000
376, 429, 050
375, 801,400
376, 647,700
373, 712, 500
351, 207,850
329,752, 200
295, 634,700
218,452,200
234,440,650
167
TEEASUBEE.
N o . 6 5 . — N U M B E R OF NATIONAL BANKS AND OF NATIONAL-BANK D E P O S I T A R I E S
AND AMOUNT OF BONDS H E L D FOR THEM AT T H E CLOSE OF EACH FISCAL T E A R —
Continued.
Number
Bo
s
N u m b e r of deposi- t o s encd sr eheld Bto n d e c held
u ciro s ure
of b a n k s . t a r i e s .
culation.
p u b l i c funds,
Fiscal year.
3,262
3,508
3,675
3,765
3,846
3,797
3,767
3,737
3,615
3,634
3,599
3,822
1889.
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
No. 66.
270
205
185
159
160
155
160
160
168
172
357
442
T o t a l of
bonds held.
$148,121, 450 $45, 222,000 $193,343,450
145, 228, 300 29,713,000
174, 941, 300
142, 508, 900 26,349,500
168, 858,400
15, 852, 000 179,042,050
163,190, 050
176, 588, 250 15, 247, 000 191, 835, 250
201, 691, 750 14,736, 000
216, 427, 750
207, 680, 800 15, 278, 000
222, 958, 800
228,915,950
245, 843, 950
16, 928, 000
230, 471, 550 16, 930, 500
247, 402,050
220, 201, 400 30,851,500
251, 052,900
229, 688,110
308, 252, 650
78, 564, 540
284. 378, 040 107,099, 580
391,477,620
- O L D D E M A N D NOTES OF EACH DENOMINATION ISSUED, R E D E E M E D , AND
OUTSTANDING J U N E 30, 1900.
Total issued.
Denomination.
Redeemed
during
year.
Total
redeemed.
$21, 800, 000
20, 030, 000
18, 200, 000
$21, 778, 337. 50
20,010,015.00
18.187, 800. 00
60,030, 000
F i v e dollars
Ten dollars
T w e n t y dollars
59, 976,152. 50
Outstanding,
$21,662 50
19, 985. 00
12, 200. 00
/3
Total
53, 847. 50
N o . 6 7 . — F R A C T I O N A L CURRENCY OF EACH DENOMINATION ISSUED, R E D E E M E D , AND
OUTSTANDING J U N E 30, 1900.
Denomination.
Total issued.
Eedeemed
during
year.
Total
redeemed.
Outstanding.
Three cents
F i v e cents.-.
Ten cents
Fifteen cents
Twenty-five c e n t s .
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
$3.00
25. 00
360. 00
30.00
900. 25
1,100. 00
$511, 701. 60
3,836, 025,18
77,139,127. 33
5, 065, 368.99
134, 756, 090.91
132,128, 836.70
$90, 222. 30
1, 858, 692. 67
5, 059, 329. 47
240,199, 41
4,275, 391, 09
3,763, 093, 80
Total
Unknown, destroyed.
368, 724,079.45
2,418. 25
353,437,150.71
32,000.00
15, 286, 928.74
32, 000.00
368, 724, 079. 45
2,418. 25
353,469,150, 71
15, 254,928. 74
Net.
N o . 6 8 . — C O M P O U N D - I N T E R E S T NOTES OF EACH DENOMINATION I S S U E D , R E D E E M E D ,
AND OUTSTANDING J U N E 30,1900.
Denomination,
T e n dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five hundred dollars
One thousand dollars
Total
..
Total issued.
.
$23,285, 200
30,125, 840
60,824, 000
45, 094. 400
67, 846, 000
39, 420, 000
266, 595,440
Redeemed
during
year.
Total
redeemed.
Outstanding.
LOOO
$23, 264, 330
30,092, 830
60,760, 700
45,06L600
67, 834, 500
39, 415, 000
$20, 870
33,010
63, 300
32, 800
11,500
5,000
1,630
266,428, 960
166,480
$70
160
300
100
168
REPORT ON T H E FINANCES.
N o . 6 9 . — O N E AND T w o T E A R N O T E S OF EACH DENOMINATION ISSUED, R E D E E M E D ,
AND OUTSTANDING J U N E 30, 1900.
Denomination.
Total issued.
Ten dollars
T w e n t y dollars
Fiftydollars
..
One h u n d r e d d o l l a r s
FiA'-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
Redeemed
during
year.
$6, 200,000
16,440, 000
20, 945, 600
37, 804, 400
40, 302, 000
89, 308, 000
Total ^
redeemed.
Outstanding.
$6,193,775
16,427,180
20, 931, 900
37,788, 300
40, 300,500
89, 289, 000
$100.
200
$6, 225
12,820
13 700
. 16,100
1,500
19,000
211,000,000
Net
300
210, 930, 655
10,590
69, 345
10, 590
211,000,000
Total
Unknown, destroyed
300
210,941,245
58, 755
N o . T O . — U N I T E D STATES P A P E R C U R R E N C Y OF EACH CLASS, TOGETHER W I T H O N E
AND T w o T E A R NOTES AND COMPOUND-INTEREST N O T E S , ISSUED, R E D E E M E D , AND
OUTSTANDING J U N E 30, 1900.
I s s u e d during year.
Class.
Recleemed d u r - T o t a l redeeined. O u t s t a n d i n g .
ing year.
Total issued.
$60,030, 000.00
Old d e m a n d n o t e s
U n i t e d S t a t e s n o t e s - . . $80,676,000 3, 077, 865, 808. 00 $80, 676,000. 00
447, 435, 000. 00
33, 499, 280, 00
T r e a s u r y n o t e s of 1890. 16, 008,000
217, 325, 000 1, 756, 364,880.46
23, 825, 640. 00
Gold certificates
Silver certificates
172,116, 000 1, 923, 886,000. 00 162,186, 504.00
9, 420,000 1, 473, 625, 000,00
27.070,000. 00
Currency certificates..
368, 724, 079.45
2,418.25
Fractional currency
2il,000,000. 00
300. 00
One a n d t w o y e a r n o t e s
C o m p o u n d - i n'lt e r e s t
1, 630. 00
266, 595,440. 00
notes
$59, 976,152. 50
$53, 847.50
2, 731,184,792. 00 346, 681, 016. 00
371, 408, 000. 00
76, 027, 000. 00
1,528, 567, 701. 46 227, 797,179. 00
1, 507,871, 000. 00 416, 015, 000. 00
1,469, 920, 000. 00
3, 705, 000. 00
353,469,150.71
15, 254,928.74
210, 941, 245. 00
58, 755. 00
266,428, 960. 00
166,480. 00
495, 545, 000 9, 585, 526, 207, 91 327, 261, 772. 25 8,499,767, 001. 67 1,085,759,206.24
Total
N o . • y i . — S E V E N - T H I R T Y NOTES ISSUED, R E D E E M E D , AND OUTSTANDING J U N E 30,
1900.
Redeemed to Redeemed
during
Total issued. J u n e 30,1899.
year.
Issue.
July 17,1861...
August 15,1864
J u n e 15,1865 . . .
J u l y 15,1865....
$140, 094,750
299,992, 500
331, 000, 000
199, 000, 000
Total
$140,085, 350
299, 945,400
330, 969, 550
198, 954,100
$200
"556"
970, 087, 250 969, 954, 400
Total
redeemed.
$140, 085, 350
299, 945, 600
330, 969, 550
198, 954, 650
969,955,150
Outstanding.
$9,400
46, 900
30,450
45, 350
132,100
N o . 7 2 . — C O U P O N S FROM U N I T E D STATES BONDS AND I N T E R E S T N O T E S P A I D DURING T H E FISCAL T E A R 1900, CLASSIFIED BY L O A N S .
T i t l e of loan.
Number
of
coupons.
5 20s of 1862
5-20s of 1864
Consols of 1865
.
Consols of 1867
Consols of 1868
F u n d e d l o a n o f 1881.
F u n d e d loan of 1891
F u u d e d loan of 1907
20
2
5
29
5
8
86
542, 649
Amount.
T i t l e of loan.
Number
of
coupons.
$222. 36
33.00
40.50
88. 50
13.50
10.00
362. 82
2,692, 559.50
L o a n of 1904
L o a n of 1925
L o a n of 1908-1918
T w o - y e a r n o t e s of 1863..
7-30s'of 1861
7-30S of 1864 a n d 1 8 6 5 . . . .
130,186
200, 919
888,977
5
I
15
$1,457, 8.50.90
1,806 649.00
2, 667 532. 95
30.31
3.65
• 27.36
1,762,907
8, 625, 424.35
Total
Amount.
169
TREASURER.
No. 7:},- C H E C K S
ISSUED FOR I N T E R E S T ON R E G I S T E R E D BONDS OF THE
STATES DURING THE F I S C A L T E A R 1900.
T i t l e of l o a n .
Funded
Funded
Loan of
Spanish
L o a n of
L o a u of
loan of 1907
loan of 1891, c o n t i n u e d
1904
i n d e m n i t y certificates
1925
'.
1908-1918
Number.
Amount.
..
.
$18, 565, 645. 50
457,108.75
2, 834, 063. 80
57, 000. 00
4, 534,109. 50
2, 673, 342. 45
268,997
....
107,176
3; 811
8,546
154
15,701
133, 609
Total
No.
29,121, 270. 00
7 4 : . — I N T E R E S T ON 3.65 P E R CENT* BONDS OF THE DISTRICT OF
P A I D DURING THE F I S C A L T E A R 1900.
COLUMBIA
Coupons.
Total
$21, 498. 50
464, 809. 25
$27, 010 91
492,016.35
32,719.51
Treasury United States, Washington
Subtreasury United States, N e w T o r k
Checks.
$5,512.41
27, 207.10
W h e r e paid.
No.
UNITED
486,307.75
519 027 26
7 5 . — I N T E R E S T P R E P A I D FROM OCTOBER 10 TO D E C E M B E R 31,'
Loan and interest period.
F u n d e d loan of 1907 :
J a n u a r y 1 1900
A n r i l 1 1900
J u l y 1 1900
Registered.
Coupon.
Total.
Total.
1899.
Rebate.
$411,198.00
443,418. 00
443, 418.00
$3, 540. 50
2,468. 50
2,038.50
$414,738.50
445,886. 50
445, 456. 50
$1, 656. 76
4, 393. 90
7, 062.69
I, 298,034.00
8, 047. 50
1,306,08L50
13,113.35
15,158.75
17, 511. 25
17,511. 25
15,158.75
I7,51L25
17, 511. 25
29.48
138. 48
243.78
Total.;
50,181. 25
50,181. 25
411. 74
L o a n of 1904:
F e b r u a r y 1 1900
M a y 1, 1900
100,936. 87
100, 936.88
22,178. 03
21, 804. 47
123,114.90
122,741. 35
694. 98
1,429. 99
201, 873. 75
43,982. 50
245, 856.25
2,124. 97
143,451. 75
143, 451. 75
71,178. 90
69, 604.95
214. 630. 65
213, 056. 70
1,241.06
2, 509. 69
286, 903. 50
140, 783. 85
427, 687.35
3 750 75
79, 811. 50
79, 811. 50
23, 791, 00
15, 971.00
103, 602. 50
95, 782. 50
586.41
1,114.56
Total
F u n d e d loan of 1891, c o n t i n u e d :
D e c e n i b e r 1, 1899
M a r c h 1 1900
J u n e 1 1900
Total
L o a n of 1908-1918:
F e b r u a r y 1 1900
M a y 1, 1900
Total
. . . .
.Loan of 1925:
F e b r u a r y 1 1900
M a y l 1900
159, 623. 00
No.
76.-
39,762, 00
199, 385. 00
1, 700. 97
1,096, 615. 50
Total
Aggregate
232, 575.85
2, 229,191, 35
21,101. 78
- B O N D S P U R C H A S E D UNDER D E P A R T M E N T L E T T E R OF N O V E M B E R
1899, FROM NOVEMBER 18, 1899, TO F E B R U A R Y 3, 1900.
T i t l e of loan.
F u n d e d loan of 1907
L o a n of 1904
Total
Coupon.
Registered,
Principal,
Interest.
15,
Premium.
$1, 022,700. 00 $13, 287, 650, 00 $14, 310, 350, 00
3, 999,100. 00
4,990, 300, 00
991, 200. 00
$83, 078. 64
14, 636. 72
$1,824,569.40
548, 933. 00
17, 286, 750, 00
97.715.36
2,373. 502.40
2, 013, 900. 00
19, 300, 650. 00
170
No.
REPORT ON T H E F I N A N C E S .
7 7 . — B O N D S EXCHANGED
DURING THE F I S C A L T E A K 1900,
INTO CONSOLS OF
1930.
Coupon,
Registered.
Principal.
$5,117, 900
8,276, 450
10,841,020
$184, 699, 550
39, 082, 050
59,107,780
$189, 817, 450
47, 358, 500
69,949, 400
24,235,970
282; 889, 380
307,125, 350
T i t l e of loan.
F n n d e d loan of 1907
L o a n of 1904
L o a n of 1908 1918
Total
A c c r u e d interest.
Present
w o r t h i n excess of p a r
value.
$257,487. 70 $22, 071, 956. 35
364, 611. 48
4 736, 486.72
329, 847. 45
3, 965,109. 34
951, 946.63
30, 773,552.41
N o . 7 8 . — R E F U N D I N G CERTIFICATES, CONVERTIBLE INTO BONDS OF T H E F U N D E D
L O A N OP 1907, ISSUED, CONVERTED, AND OUTSTANDING AT T H E CLOSE OF EACH
FISCAL T E A R .
T o t a l converted.
Total issued.
Converted
during year.
$58, 430
39, 339, 680
$28,060
26,521,840
$28,060
26, 521, 840
$30, 370
12,817, 840
39, 398, n o
26, 549, 900
26, 549,900
12, 848, 210
58,500
39, 954, 250
24, 250
12, 071, 600
52, 310
38, 593,440
6 190
1, 360, 810
40,012,750
12, 095, 850
38, 645, 750
1, 367, 000
58, 500
39, 954, 250
4,530
673, 670
56, 840
39, 267,110
1 660
687,140
40,012,750
678,200
39, 323,950
688,800
58, 500
39,954,250
510
223, 240
57, 350
39,490,350
1 150
463, 900
40, 012, 750
223, 750
39,547,700
465, 050
58, 500
39, 954,250
20
109,130
57,370
39, 599,480
I 130
354 770
40,012, 750
109,150
39, 656, 850
355,900
58,500
39, 954, 250
260
65, 640
57, 630
39, 665,120
870
289 130
40, 012,750
65,900
39,722,750
290, 000
58,500
39, 954, 250
150
49 250
• 57,780
39, 714, 370
720
239,880
40, 012,750
49 400
39, 772,150
240, 600
58,500
39,954, 250
300
32, 500
58, 080
39,746 870
420
207, 380
40, 012,750
32 800
39,804,950
207 800
58 500
39,954, 250
32 550
58 080
39,779 420
420
174 830
40,012,750
H o w payable.
32,550
39,837 500
175, 250
58,500
39, 954, 250
37,200
58 080
39, 816 620
420
137, 630
40, 012,750
37,200
39, 874 700
138,050
Outstanding,
1879.
To order
To bearer
-
Total ..
1880.
To order
To bearer.
-
-
Total..
-. -.
1881.
To order
To bearer
-
-- -
T o t a l .1882.
To order
To bearer
--
Total -.
1883.
To order
To bearer
^
Total ..
1884.
T o Older
To bearer
Total -.
1885,
To order
To bearer
- - -- .
Total ..
1886,
To order
To bearer
Total ..
1887,
To order
To bearer
-..
Total ..
1888,
To order
To bearer
Total -.
171
TREASURER.
N o . 7 8 . — R E F U N D I N G CERTIFICATES, C O N V E R T I B L E INTO BONDS OF THE F U N D E D
L O A N OF 1907, ISSUED, CONVERTED, AND OUTSTANDING AT THE CLOSE OF EACH
FISCAL TEAR—Continued.
Totalissued.
Converted
d u r i u g year.
T o t a l converted. .
$58, 500
39,954, 250
$18,410
$58, 080
39, 835, 030
$420
119,220
40, 012, 750
18,410
39,893,110
119,640
58, 500
39, 954, 250
40
15, 740
58,120
39, 850, 770
380
103, 480
40, 012,750
15, 780
39, 908, 890
103, 860
58,500
39, 954, 250
10
9, 930
58,130
39, 860, 700
370
93,550
40, 012,750
9,940
39, 918,830
93,920
58,500
39,954,250
10, 340
58,130
39, 871, 040
370
83,210
40,012, 750
10, 340
39, 929,170
83, 580
58, 500
39, 954, 250
15,130
58,130
39, 886,170
370
68,080
40, 012,750
15,130
39, 944, 300
68,450
58,500
39, 954, 250
200
9,260
58, 330
39, 895, 430
170
58,820
40, 012,750
9,460
39, 953, 760
58,990
58, 500
39, 954, 250
100
4,780
58,430
39, 900, 210
70
54,040
40,012, 750
4,880
39, 958, 640
54, no
58, 500
39, 954, 250
6,970
58,430
39,907,180
70
47,070
40,012, 750
6,970
39,965, 610
47 140
58, 500
39, 954, 250
2,010
58, 430
39, 909,190
70
45,060
40, 012, 750
2,010
39, 967, 620
45 130
58, 500
39, 954, 250
3,610
58, 430
39,912, 800
70
41,450
40, 012, 750
3,610
39, 971, 230
41 520
58, 500
39, 954, 250
3,690
58, 430
39, 916,490
70
37, 760
40, 012, 750
H o w payable.
3,690
39, 974, 920
37, 830
58,500
39, 954, 250
2,360
58, 430
39, 918, 850
70
35, 400
40, 012, 750
2, 360
39, 977, 280
35, 470
Outstanding-
1889.
To order
T o t a l -.
1890,
T o orcler
To bearer
Total . .
1891,
To bearer
Total ..
1892.
To order.
To bearer
.
-
Total ..
1893.
To order.
To bearer
- --
Total ..
1894.
To order
To bearer
.--
Total . .
1895.
To order
To bearer
Total
1896.
To order
To bearer
-
Total ..
1897.
To order.
To bearer
..
Total ..
1898.
To order.
To bearer
-
Total
1899.
To order
To bearer
-
-
Total.
1900.
To o r d e r
I'o b e a r e r . .
-
_.-.-
Total
-.-..-
172
No.
REPORT ON THE
7 9 . — P U B L I C D E B T J U N E 30, 1899
T i t l e of loan.
FINANCES.
AND 1900,
Rate
of interest.
Outstandiug
J u n e 30, 1899.
P e r ct.
2
4
4
5
4
3
2
$25, 364, 500. 00
559, 652, 300. 00
37, 830. 00
100,000, 000. 00
162, 315, 400. 00
198, 678, 720. 00
AND CHANGES DURING THE T E A R .
Retired
Issued during
during year.
year.
Outstanding
J u n e 30, 1900.
INTEREST-BEARING DEBT.
F u n d e d l o a n o f 1891, c o n t i n u e d
F u u d e d loan of 1907
R e f u n d i n g certificates
L o a n of 1904
L o a n of 1925
L o a n of 1908 1918 . . . .
Consols of 1930
$3,384, 650. 00
$3, 850. 00 204,127, 800. 00
2, 360. 00
52, 348, 800.00
113,920.00
307,125, 350.00
69, 949, 400,00
$21, 979, 850. 00
355,528, 350. 00
35 470. CO
47, 651, 200.00
162,315,400.00
128, 843, 240. 00
307,125, 350. 00
1, 046, 048, 750. 00 307, 243,120. 00 329, 813, 010, 00
Total
1, 023, 478, 860. 00
1.00. 00
151, 635. 20
950. 00
20, 000. 00
2,000. 00
215,850.00
15, 900. 00
20, 850. 00
19, 850. 00
74, 950. 00
122 800.00
11 150.00
5, 000. 00
27, 950. 00
650.00
2, 500. 00
29,050. 00
DEBT ON W H I C H INTEREST
HAS CEASED.
Old d e b t
i^TTtoO
L o a n of 1847
6
Texan indemnity stock
5
5
L o a n of 1858
6
5-20s of 1862
6
5-20s of J u n e , 1864
6
5-20S of 1865
5
10-40sofl864
. .. .
6
Consols of 1865
6
Consols of 1867
6
Consols of 1868
6
L o a n of F e b r u a r y , 1861
5
F u n d e d l o a n of 1881
F u n d e d l o a n o f 1881, c o n t i n u e d
Oregon w a r d e b t
L o a n of J u l y a n d A u g u s t , 1861
6
L o a n of J u l y a n d A u g u s t ,
1861, c o n t i n u e d
L o a n of 1863 (1881's)
L o a n of 1863, c o n t i n u e d
L o a n of J u l y 12, 1882
F u u d e d loau of 1891
T r e a s u r y n o t e s of 1861
7.30s of 1861
One-year n o t e s of 1863.
5
T wo-year n o t e s of 1863
6
Compound-interest notes
7.30s of 1864-65
Certificates of i n d e b t e d n e s s . .
4to6
Teraporary loan
3
T h r e e - p e r - c e n t certificates . . .
f
f
f
1, 000. 00
200. 00
IOO.00
300. 00
IOO.00
300. 00
500. 00 •
2,100.00
7,100. 00
IOO. 00
200.00
112, 850. 00
2,450. 00
9,400. 00
31,585.00
27,200. 00
167, 330. 00
123,450. 00
3, 000. 00
2,850. 00
. 5,000.00
36,6oo:oo
220.00
100. 00
1, 710. 00
750.00
1,218,300.26
Total
DEBT BEARING NO
151, 735. 26
950. 00
20, 000. 00
2, 000.00
215, 850. 00
15, 900.00
21,850.00
20,050.00
75, 050. 00
123,100. 00
11, 250. 00
5, 000.00
28, 250. 00
650. 00
2,500. 00
29, 550. 00
41,980.00 j
2,100. 00
7 100.00
100. 00
200. 00
76, 250. 00
2,450. 00
9, 400. 00
31, 365. 00
27,100. 00
165, 620. 00
122,700. 00
3, 000. 00
2, 850. 00
5, 000. 00
1,176,320.26
INTEREST.
Old d e m a n d n o t e s
United States notes
National-banknotes, redemption account
Fractional currency
53,847. 50
346, 681,016.00
80,676, 666. hi) 80, 676, 000. 00
53, 847. 50
346, 681, 016. 00
35, 817, 381. 50
6, 881,408. 66
17, 909,793. 00
2, 418. 25
35,147, 878. 50
6, 878, 990.41
389,433,653.66
97, 916, 290.00
98, 588, 211.25
388, 761, 732.41
34, 297, 819. 00 217, 325, 000.00 23, 825, 640. 00
406, 085, 504. 00 172,116, 000.00 162,186,504.00
21, 325, 000.00
9,450, 000. 00 27, 070, 000. 00
93, 518,280. 00 16, 008, 000. 00 33,499, 280.00
227,797,179.00
416, 015,000. 00
3, 705, 000. 00
76, 027, 000. 00
555, 226, 603. 00 414, 899, 000. 00 246,581, 424.00
Total
17, 240, 290. 00
723, 544,179. 00
CERTIFICATES AND T R E A S U R Y
NOTES.
Gold certificates
Silver certificates
C u r r e n c y certificates
T r e a s u r y n o t e s of 1890
Total....
BONDS ISSUED TO P A C I F I C
RAILROADS.
Central Pacitic
K a n s a s Pacific
U n i o n Pacific
CentralBranch, UnionPacific
Western Paciiic
Sioux C i t y a n d Pacific
Total
Aggregate
6
6
6
6
6
6
37, 000. 00
7,000.00
35, 000. 00
34, 000.00
2, 000. 00 •
22, 000. 00
79, 000. 00
58, 000. 00
21, 000. 00
i, 992, 006, 306, 92 820, 058, 410. 00 675, 082, 625. 25
2,136, 982, 091. 67
3, 000. 00
5, 000. 00
13 000. 00
173
TREASUKEE.
Noo
8 0 . — U N I T E D STATES BONDS R E T I R E D , FROM MAY, 1869, TO J U N E 30, 1900.
Title of loan.
Loan of 1847
Bounty-land scrip
Loan of February, 1861 .
Oregon war debt
Loan of July and August, 1861
5-20s of 1862
•
Loau of 1863
5-20s of March, 1864
5-20s of June 1864
5-20s of 1865
Consols of 1865
Consols of 1867
Consols of 1868
Texan indemnity stock
Loanof 1860
:.
Loan of 1858
10-40S of 1864
Fuuded loan of 1881
Fundedloan of 1891
Funded loan of 1907
Loan of J u l y and August, 1861,
con ti 1 ued
1
Loan ol:'1863, continued
Funded loan of 1881, continued
Loan of J u l y 12, 1882
Loan of 1908 1918
Funded loan of 1891, continued
Bonds issued to Pacific railroads:
Union Pacific
Kansas Pacific
AVestern Pacific
Sioux City and Pacific
Loan of 1904.'
Total
No. 8 1 .
Rate
of interest.
Per ct.
6
6
6
6
6
6
6
6
6
6
6
6
6
5
5
5
5
5
?
?
3
2
6
6
6
6
6
6
5
Purchased.
Redeemed.
$47,900
1,075
7, 798, 000
685, 700
12, 918, 400
430, 309. 400
4, 680,700
2, 382, 200
69, 867, 000
157, 696, 450
205, 269, 850
310, 079, 650
37, 477, 500
232, 000
7, 022, 000
• 6, 041, 000
192,457,950
72, 862, 300
80, 993, 350
1, 418,850
$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
Converted
and
exchanged.
$27, 091, 000
380,
12, 218,
9, 586,
8, 703,
6, 568,
256,
500
650
600
600
600
650
13, 957, 000
2, 089, 500
43, 599, 000
143, 518, 200
194,152,850
127, 595,100
37, 226, 200
109,154, 650
305,581,050
189, 817,450
13,231,650
292,349, 600
516,240
69, 949, 400
3, 432, 350
25,882,120
27, 223, 512
6, 298, 000
I, 600, 000
I, 970, 560
1, 628, 320
Total.
$47,900
1,075
18, 410, 000
942 500
61, 695,100
514,556, 250
24, 534, 950
3, 882, 500
125, 545,400
203, 306,400
332, 924, 000
379, 495, 200
42, 528, 200
232, 000
7, 022, 000
19, 998, 000
194, 547,450
116, 461,300
224,511,550
385, 389,150
127, 595,100
50, 457,850
401,504,250
305, 581, 050
70,465, 640
3,432, 350
4, 990, 300
2, 247, 833,137
47, 358, 500
25, 882,120
27, 223, 512
6,298,000
I, 600, 000
1,970,560
1, 628, 320
52,348,800
790, 626, 640
693,558. 700
3, 732, 018,477
- B O N D S AND OTHER SECURITIES R E T I R E D FOR THE S I N K I N G F U N D DURING THE FISCAL T E A R 1900, AND TOTAL FROM M A Y , 1869.
Title of loan.
Retired
during
fiscal year.
From May, 1869.
Redeemed.
$100.00
$175.00
"War-bounty scrip
10, 000. 00
Loan of 1860
3, 000. 00
Loan of February, 1861
1, 300. 00
Oregon war debt •.
64,450, 00
500. 00
Loan of J u l y and August, 1861
30, 037,400, 00
5-208 of 1862
19,100.00
Loan of 1863
691, 600. 00
10-408 of 1864
5-208 of March, 1864
5-208 of June, 1864
11, 072,100. 00
1,982, 450. 00
5-208 of 1865
65, 450. 00
Consols of 1865
76,700. 00
Consols of 1867
21, 350. 00
Consols of 1868
300. 00 25, 086, 000. 00
Funded loan of 1881
36, 600.00 50, 712, 300.00
Funded loau of 1891
14, 310, 350.00
Funded loan of 1907
4, 990, 300.00
Loan of 1904
56, 632,500.00
Loanof J u l y and August, 1861, continued
37, 220, 300.00
Loan of 1863, continued
43, 709,700.00
Funded loan of 1881, continued
168, 692, 750.00
Loan of July 12,1882
3,384,650.00
3, 432, 350. 00
Funded loan of 1891, continued.
no. 00
Treasury notes issued prior to 1846
50.00
Treasury notes of 1861
no. 00
Temporary loan certificates, act 1862
1, 000. 00
Certificates of indebtedness, act 1862
678, 000. 00
Certificates of indebtedness of 1870
4, 340. 00
220. 00
One-year notes of 1863
1,400. 00
100. 00
Two-year notes of 1863
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
91, 868,850.00
4, 990,300. 00
Total.
$175. 00
10, 000. 00
10, 615, 000.00
258,100.00
48,841,150.00
54,066, 550. 00
19, 873, 350. 00
691, 000. 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, 685, 000. 00
96, 987,150.00
91, 868, 850. 00
4, 990, 300. 00
56, 632, 500. 00
37, 220, 300. 00
43,709, 700. 00
168, 692, 750.00
3, 432, 350. 00
no. 00
50.00
110.00
1, 000. 00
678, 000. 00
4,340. 00
1,400.00
174
No.
EEPORT OJSr T H E F I N A N C E S .
8 1 . — B O N D S AND OTHER S E C U R I T I E S R E T I R E D F O R THE SINKING F U N D DURING THE F I S C A L T E A R 1900, AND TOTAL FROM M A Y , 1869—Contiuued.
Compound-interest notes
7.30s of 1861
7 30s of 1864 65
Fractional curreucy United States notes
Old d e m a n d n o t e s
National-bank notes
Redeemed.
Purchased.
$1, 710. 00
.
Total
No.
F r o m M a y , 1869.
Retired
during
fiscal y e a r .
T i t l e of l o a n .
.
.
..
$23, 920. 00
1,450. 00
10, 800. 00
26, 236, 892. 52
• 29,090,564.00
2, 620. 00
669, 503. 00
26, 294,120. 50
$23, 920. 00
1, 450. 00
10 800 O
C
26, 236, 892. 52
29, 090,564.00
2, 020. 00
26,294,120 50
750. 00
2, 418. 25
23, 397, 501. 25
Total.
511, 876, 352. 02 $408, 341, 300. 00 920, 217, 652. 02
8 2 . — B O N D S CALLED, R E D E E M E D , AND OUTSTANDING J U N E 30, 1900.
L o a n a n d m a t u r i t y of call.
F i v e - t w e n t i e s of 1862:
. D e c e m b e r 1,1871 . . ,
M a r c h 7,1872
M a r c h 20,1872
J u n e 1,1873
S e p t e m b e r 6,1873..
N o v e m b e r 16,1873.
F e b r u a r y 1,1874...
S e p t e r a b e r 3,1874..
S e p t e m b e r .5,1874.-,
N o v e m b e r 1,1874 . .
D e c e m b e r 1,1874 . .
J a n u a r y 1,1875
F e b r u a r y 2,1875 . . -.
M a y 1,1875
J l i n e 1,1875
J u n e I I , 1875
J u l y 20,1875
A u g u s t 1,1875
A u g u s t 15,1875
S e p t e m b e r 1,1875...
S e p t e m b e r 24,1875.
October 14,1875
O c t o b e r 28,1875
TotalF i v e - t w e n ties of M a r c h , 1864:
N o v e m b e r 13, 1875
F i v e - t w e n t i e s of J u n e , 1864:
N o v e m b e r 13, 1875
...
D e c e m b e r 1,1875
Do
D e c e m b e r 17,1875
J a n u a r y 1,1876
F e b r u a r y 1, .1876
F e b r u a r y 15,1876
Do
Total.
F i v e - t w e n t i e s of 1865:
F e b r u a r y .15,1876.D e c e m b e r l , 1876...
December 6,1876...
D e c e m b e r 12,1876..
D e c e r a b e r 21, 1876 .
J a n u a r y 6,1877
A p r i l 10,1877
A p r i l 24,1877
M a y 12, 1877
M a y 28,1877
J u n e 3, 1877
J u n e 10, 1877
J u n e 15, 1877
J u n e 27, 1877
Call
No.
Amount
called.
Redeemed
during
year.
Total
redeemed.
Outstanding.
$99, 959, 600
16, 222, 250
20,105, 500
49, 878, 650
20, 042,100
14, 335, 300
4, 994,.700
5, 020,100
1, 004, 950
25,017,700
14,807,700
10,168, 300
5, 091, 700
15, 028, 350
5, 005, 600
. 29,998,700
5, 006, 300
5,001,850
5, 003, 550
10, 000, 950
5, 005, 200
10, 004. 800
14,896, 750
$99, 941, 650
16, 218, 850
20, 098,150
49, 815, 350
20, 026, 400
14, 328, 600
4,992, 300
5, 016, 850
1, 003, 950
25, 001, 700
14, 801, 050
10,156, 750
5, 086, 000
15, 009, 200
5,005,050
29, 981, 200
5, 005, 700
5, 001, 550
5, 002, 350
9, 995, 350
5, 003, 050
10,001,450
14, 892, 250
$17, 950
3,400
7,350
63,300
15, 700
6,700
2,400
3,250
1,000
16, 000
6,650
II, 550
5,700
19,150
550
17, 500
600
- 300
1,200
5,600
2,150
3,350
4,500
391, 600, 600
391,384, 750
215,850
946, 600
9,104, 500
8, 043, 900
5,024,750
5, 012, 900
5, 020, 500
10, 012, 650
12, 802, 950
3, 024-, 050
9, 096, 400
8, 043, 900
5, 023,150
5, 010, 800
5, 018, 500
10, on, 650
12, 801, 850
3,024, 050
58, 046, 200
58, 030, 300
1, 974, 700
10, 032, 300
9, 996, 300
10, 012, 250
lO; 053, 750
10, 008, 250
10, 026, 900
10,155,150
10,138, 300
9, 904, 300
10, 041, 050
10, 003, 250
10, 048, 300
10, 005, 500
1, 974,150
10, 032, 300
9, 993,100
10, 003,150
10, 052, 650
10, 007,150
10, 026,100
10,153,650
10,137, 800
9, 902, 800
10, 041, 050
10, 003, 250
10, 048, 300
10, 004, 500
, loq
$1, 000
1,600
2,100
2,000
LOOO
1,100
550
3,200
9,100
1.100
1,100
800
L500
500
1,500
1,000
175
TKEASURER.
No.
8 2 . — B O N D S CALLED, R E D E E M E D , AND OUTSTANDING J U N E 30, 1900—Cout^d.
Loan aud maturity of call.
Call
No.
Five-twenties of 1865—Continued.
July 5,1877
August 5,1877
Amount
called.
Redeemed
during
year.
$10, 019, 000
10,114, 550
Total-
152,533, 850
Consols of 1865:
August 21,1877....
August 28,1877
September 11,1877.
October 5,1877
October 16, 1877 . . .
October 19, 1877...
October 27, 1877 . . .
November 3,1877..
March 6,1878
July 30,1878
August 6,1878
August22; 1878 . . .
September 5,1878..
September 20,1878.
October 11,1878 . . .
October 17,1878 . . .
October 23,1878 . . .
October 30,1878 . . . .
November 5,1878 -.
November 7,1878 -.
November 10,1878.
November 16,1878.
November 26,1878.
December 4,1878 . .
December 16,1878 .
• February 16,1879..
February 27,1879..
March 9; 1879
March 18,1879
10,160, 700
10, 018, 650
15, 000, 600
10, 003, 400
10,015,550
10, 007, 650
10, 012, 650
10, 063, 700
10, 032, 350
5,083, 850
5, 007, 850
4, 973,100
5, 001,100
4,795, 250
4, 935, 000
4,989, 850
5,082, 800
5, 254, 300
4, 965, 000
5, 089, 350
4, 991. 200
5, 072; 200
4, 996, 300
4, 620, 650
5, 003, 200
5, 060, 650
5, 012, 500
5, 007, 400
12, 374, 950
Total
redeemed.
Outstanding.
$10,018, 500
10,114,550
$500
$1, 000
152,513, 000
20,850
100
10,158, 400
10, 015, 200
14, 995, 050
10, 000, 200
10, 000,750
10, 004, 200
10,006,350
10, 058, 050
10, 031, 200
5, 083, 000
5, 006, 450
4,972, 050
5, 000, 500
4, 792, 200
4, 931. 800
4,985, 750
5, 082, 700
5, 251, 300
4, 964, 800
5, 087, 300
4, 991, 050
5, 071, 800
4, 995,100
4, 620, 600
5, 001, 700
5, 059, 650
5, 012,100
5, 005, 400
12,372,150
2,300
3,450
5,550
3,200
14,800
3,450
6,300
5,650
1,150
850
1,400
1,050
600
3,050
3,200
4,100
100
3,000
200
2,050
150
400
1,200
50
1,500
1,000
400
2,000
2.800
Total.
202, 631, 750
202, 556, 800
74,950
Consols of 1867:
April 1,1879...
April 4,1879..
April 6,1879..
April 8,1879..
A p r i l l l , 1879.,
April 14,1879.
April 18,1879.
April 21, 1879.
April 24,1879.
April 28, 1879.
M a y l , 1879...
May 6,1879.-.
Maiy 12, 1.879.MaV 17, 1879..
May 24, 1879..
June 4,1879...
June 12,1879..
June 29,1879..
July 3, 1879....
.July 4, 1879...
9, 983, 700
9, 893, 300
10, 314, 700
10, 006, 650
9, 389, 600
20,104, 700
19, 604, 800
18, 579, 500
21, 622. 950
20, 253, 900
20,161, 250
20, 044, 250
19, 858, 600
20, 219, 200
19,407, 450
10, 674, 400
10,464,650
10, 076, 700
9, 972, 800
19, 213, 050
9, 981, 300
9, 883, 450
10, 311,100
10, 002, 650
9, 386, 000
20, 086, 200
19, 595, 550
18, 572, 750
21, 616, 050
20, 248, 700
20.158, 200
20, 040, 750
19, 847,150
20, 214, 850
19,402, 600
10, 668,100
10, 463, 000
10, 064, 900
9, 970, 450
19, 209, 600
2,400
9,850
3,600
4,000
3,600
18, 500
9, 250
6,750
6,900
5,200
3,050
3,500
II, 450
4,350
4,850
6,300
1,650
11, 800
2,350
3,450
309,723,350.
122, 800
I 846,150
,
Total.
Consolsof 1868:
July 4,1879.
37, 409,150
Ten-forties of 1864:
July 9, 1879
July 18, 1879....
July 21, 1879....
10, 294,150
157, 607, 600
24, 575, 050
100
10, 290, 950
157, 590, 950
24, 575, 050
3,200
16, 650
192, 476, 800
Total.
Loan of 1858:
July 23, 1879.
100
192, 456, 950
19, 850
260, 000
176
REPORT ON T H E FINANCES.
W o . 8 2 . — B O N D S CALLED, R E D E E M E D , AND OUTSTANDING J U N E 30, 1900—ConVd.
Loan and maturity of call.
Funded loan of 1881:
May 21, 1881
August 12, .1881..
Octoberl, 1881...
Call
No.
101
103
104
Loan of July and August, 1861:
J u l y l , 1881
Total.
500
12, 918,400
111
112
113
114
115
116
117
118
119
120
121
4, 680, 700
20,031, 550
20,184,900
19, 564,100
20, 546, 700
5, 086, 200
5, 010, 200
5,096,550
15,109, 950
11, 227, 500
20, 031,550
20,184,900
19,564,100
20, 546, 60t)
5, 086, 200
5, 009, 200
5, 096, 550
15,108, 950
11, 227, 500
121, 855, 550
15, 024, 700
16, 304, 000
3, 269, 750
15, 024, 700
16, 304, 000
3, 269,650
34, 598,450
no
Total.
Funded loan of 1891:
September 2,1891.
63, 308, 500
121, 857, 650
105
106
107
108
109
Total.
Loan of July 12,1882:
December 1,1883 . .
December 15,1883 .
February 1,1884...
March 15,1884
May 1,1884
June 20,1884
J u n e 30,1884
A u g u s t l , 1884
September 30, .1884.
Noveniber 1,1884..,
February 1,1886...
March i; 1886
April 1,1886
May 1,1886
Juue 1,1886
J u l y l , 1886
A u g u s t l , 1886
Septeiuber 1,1886..,
September 15,1886.
October 1,1886
October 16,1886..-.
November 1,1886..
Decemberl, 1886...
February 1,1887...
March L 1887.
,
April 1,1887...
May 1,1887
July 1,1887
,
$25, 029,100
10,097,050
28,182, 350
4, 687,800
Total.
Funded loan of 1881, continued:
December 23,1882
January 18,1883
February 10,1883
,
May 1,1883
November 1,1883
Total
redeemed.
$25, 030,100
10,121, 850
28,184, 500
12,947,450
Loan of 1863:
July 1, 1881.
Loan of 1863, continued:
August 1,1882
,
September 13,1882 .
October 4,1882
Redeemed
during
year.
63,336,450
Total.
Loan of July and August, 1861,
tinued:
December 24, 1881
Jauuary 29, 1882
March 13, 1882
April 8, 1882
May 3, 1882
May 10, 1882
May 17,1882
June 7,1882
July 1,1882
Amount
called.
34, 598, 350
25, 822, 600
16,119,850
15, 221, 800
15, 215, 350
30,753, 350
25, 821,950
16,119,850
15, 221, 800
15, 215, 350
30, 753, 350
103,132,950
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
103,132, 300
15, 272,100
15,133, 650
10; 208, 850
10,047,850
10,093,100
10, 010, 250
10,151,050
10, 040, 800
10,050,100
10, 330, 750
10, 098,150
10,000, 250
10, 012, 750
10.009, 850
10,002,900
4, 001, 850
4, 007, 700
4, 004, 950
10,003,650
15, 005, 000
15,122, 400
15, 008, 300
10, 005, 350
10.010, 900
13, 887, 000
10, 007,750
10, 014, 250
19,717, 500
15, 272, 100
15,133, 650
10, 208, 850
10,047,850
10, 093, 000
10, 010, 250
10,151, 050
10,040, 800
10,050,100
10,330,750
10, 098,150
10, 000, 250
10, 012, 750
10, 009, 750
10, 002, 900
4,001,850
4, 007, 700
4, 004, 950
10, 003, 650
15, 005, 000
15,122, 400
15, 008, 300
10, 005, 350
10, 010, 900
13, 887, 000
10,007, 750
10, 014, 250
19, 717, 500
302, 259, 000
302, 258, 800
25,457,000
25, 380,750
Outstanding.
177
TREASURER.
No.
8 2 . — B O N D S CALLED, R E D E E M E D , AND OUTSTANDING J U N E 30, 1900—ContM.
Loan and maturity of call.
Call
No.
Bonds issued to Pacific railroads:
January 16,1895
November 1,1895
January 1,1896
February 1,1896
J a n u a r y 1,1897
January 1,1898
January 1,1899
151
152
153
154
155
156
157
Amount
called.
$28, 000
30, 000
$2, 362, 000
635, 000
3, 680, 000
4, 310, 000
9, 712, 000
29, 902, 952
14, 000, 560
58, 000
64, 602, 512
21, 000
3, 384, 650
21, 979, 850
3,481,750
2, 081, 401,412
22, 625, 600
25, 364, 500
2,104,027,012
Aggregate .
1878—June
July
August
September . . October
November
December
1879—January
February
March
April
May
June
July
August
September . . .
October
November
December
1880—January
February
March
April
May
June
July
August
September . . .
October
November
December
1881—January
February
March...
April
May
Juue
July August . .
September
October
November
Deceinber
1882—January
February
March
April
May
Juiie
Jnly
August
September - . .
October
Outstanding- .
64,623,512
Total.
Month.
Total
redeemed.
$2, 362, 000
640, 000
3, 680, 000
4, 320, 000
9, 712, 000
29, 904, 952
14, 004, 560
Funded loan of 1891, continued:
August 18,1900
N o . 83.—PUBLIC
Redeemed
during
year.
$5,000
10,000
2,000
4,000
D E B T , EXCLUSIVE OF CERTIFICATES AND TREASURY N O T E S , AT
THE END OF EACH MONTH, FROM J UNE, 1878.
Interest
bearing,.
Matured.
United States National-bank
notes and
fractional cur- notes, redemption account.
rency.
$1, 780, 735, 650 $5, 594, 560.26 $363, 291,082.27
9, 009, 640. 26 363,198, 881. 67
1,795, 677, 900
1, 818, 670,500 11, 973, 650. 26 363, 094,984.10
1, 818, 261, 550 12, 524, 690. 26 363, 040,525. 58
1, 807, 163,600 15, 026, 370. 26 362, 954,274. 86
I, 798, 750, 750 23, 666, 240. 26 362,893, 413. 89
1, 809, 812,850 22, 446, 460. 26 362,851, 205. 62
6, 608, 080. 26 362, 770,526.73
1, 940, 805,650
6, 372, 930. 26 362, 729,353.34
2, 000, 271, 900
1, 992, 144,470
7, 672, 160. 26 362, 668,603.14
1, 954, 962, 800 67, 429, 110.26 362, 655,640.52
1, 953, 414,760 55, 306, 660. 26 362, 617,323.12
1, 887, 710,110 37, 015, 630. 26 362, 585,091. 78
1,782, 912, 800 78, 737, 550. 26 362, 557,304. 23
1, 782, 917, 000 41,140, 910.26 362, 504,505. 96
1, 782, 967, 650 29, 674, 720. 26 362, 489,929. 26
I, 782, 967, 650 23, 079, 035. 26 362, 453.340. 91
1,772, 917, 650 18, 247, 595. 26 362, 446,719. 79
1,772, 686, 850 14, 691, 925. 26 362, 416,669.78
1, 767, 686, 850 12,002, 445. 26 362, 411,085. 96
I, 756, 212, 850 10, 823, 135.26 362, 373,582. 08
1, 746, 698, 400
9, 922, 965. 26 362,367, 508.00
1, 733, 698, 400
8, 877, 635.26 362, 346,693. 00
1,721, 698, 400
8,134, 965. 26 362, 334,980.37
1, 709, 993,100
7,621, 455. 26 353, 956,945.37
1, 708, 698, 400
6, 841, 115.26 353,947, 641. 37
1, 699, 198, 400
6,128, 035. 26 353, 923,891. 37
665. 26 353, 923,781. 37
1, 686, 698,400
6, on, 665. 26 353, 923,702.37
1, 676, 698, 400
5, 615, 085, 26 353, 905,003. 37
1, 672, 520, 400
5, 518, 395. 26 353, 889,291.12
1,661, 265, 400
i, 661, 265,400 11,484, 285. 26 353,886, 225.12
7, 273, 725, 26 353, 886,124. 92
1, 660, 935, 000
6,598, 465. 26 353, 873,639. 92
1,649, 317, 250
6, 093, 865. 26 353, 856,692. 92
1,641, 749, 350
5, 704, 005.26 353, 850,
1, 625, 567, 750
748. 92
1, 625, 567, 750 10, 600, 865. 26 353, 847,504. 32
6, 723, 015. 26 353, 840,
1, 607, 111, 000
9, 959, 665.26 353, 839,146. 32
1, 589, 342, 800
635. 02
1, 579, 102, 250 14,198, 595. 26 353, 839,562. 02
1, 552, 728, 750 10, 039, 305. 26 353, 834,207. 92
13, 746, 315. 26 353, 834,
1, 550, 305, 200
104. 92
1, 540, 534, 600 10, 648, 265.26 353, 816,862. 92
1, 520, 331,600 11, 528, 005. 26 353, 810,399. 67
1, 520, 325, 600 13,920, 925. 26 353, 806,768. 67
1, 500, 752, 700 10, 037, 615. 26 353,805,
1, 480, 044,850 12, 665, 845. 26 353, 798,749. 67
1,464, 952, 800 13, 714, 165. 26 353, 790,633. 77
1,449, 810,400 14, 440, 805. 26 353, 787,329. 77
1, 438, 661, 500 16, 260, 715. 26 353, 787,958.77
1,423, 603, 750 13, 909, 725. 26 353, 772,180. 77
1, 407, 341, 350 12, 472, 625. 26 353, 768,677.77
1, 404, 080, 200 15, 959, 945. 26 353, 766,579.77
581. 77
11, 588,
FI 1900
-12
$9, 799,233. 00
9, 779,042. 00
9,143, 950. 00
9,184, 120, 00
9, 611,708. 00
9, 832,601. 25
10, 436,754. 75
11, 352,589.75
11, 742,321.75
12,413, 943. 75
14, 005,216. 75
12, 435,482. 75
11, 596,061.25
13,114, 506. 25
12, 939,588.25
13,159, 829. 75
13, 052,124. 25
13,187, 024.25
13, 438,142. 25
16, 623,235. 25
18,244, 836. 25
18, 546,756. 25
19,125, 436. 25
19, 068,847. 25
19, 337,621. 25
19, 731,300. 25
19, 753,958. 25
20, 222,920. 25
20, 825,767. 25
20, 997,588. 25
21, 300,799.85
21.145, 468.85
37, 281,864. 85
38,132, 782. 85
35, 828,749. 35
35,194, 087. 85
858. 85
33.146, 042. 60
33,140, 584. 60
32, 005,560. 60
31, 547,754. 60
30, 772,500. 60
29, 680,802.10
29, 689,568. 60
30, 095,285. 60
29, 961,958. 60
29, 507,379. 60
32, 444,647. 60
34, 879,729. 60
37, 056,089.10
37, 962,344.60
38, 941,758.10
38, 851,253.10
38,169,
$2,159,420, 525. 53
2,177, 665,
463.93
2, 202, 883,
084. 36
2, 203, 010,
885. 84
2,194, 755,953.12
2,195,143, 005.40
2, 205, 547,
270. 63
2, 321, 536,
846. 74
2, 381,116,505. 35
2, 374, 899,
177.15
2, 399, 052,
767. 53
2, 383, 774,
226.13"
2, 298, 912,
893. 29
2, 237, 322,
160. 74
2,199, 502,
004. 47
2,188, 292,129. 27
2,181, 552,150. 42
2,166, 798,
989.30
2,163, 233,
587.29
2,158, 723,616. 47
2,147, 654,
403.59
2,137, 535,629. 51
2,124, 048,164.51
2, 111, 237,
192. 88
2, 090, 909,
121. 88
2, .089, 218,
456. 88
2, 079, 004,
284.88
2, 066, 856,
766. 88
2, 057, 063,
534. 88
2, 052, 941,
076. 88
2,047,939, 886. 23
2, 043, 570,
379. 23
2. 058,701,715.03
2, 047,417,138. 03
2, 037,139,657.53
2, 025, 212,
592. 03
2, 019, 285,
978.43
2, 004, 050,
204.18
I, 989, 386,
684.88
1, 974, 528,
967. 88
I, 951, 082,
017. 78
I, 944, 468,
120. 78
I, 935, 569,
530.28
1,918,157, 573. 53
1,914,131, 579. 53
1, 896, 732,
023. 53
I, 880, 002,
708. 63
I, 868, 062,
942.63
1, 856, 915,
893. 63
I, 844, 320,
485.13
1, 828,790,
1,815,921, 497. 63
313.13
1, 807, 604,
980.13
178
No.
REPORT ON T H E F I N A N C E S .
8 3 . — P U B L I C D E B T , EXCLUSIVE O F CERTIFICATES AND TREASURY NOTES, AT
THE E N D O F EACH MONTH, ETC.—Continued.
Month.
1882—November..
December . .
1883—January
February-..
March
April
May
June
July
August
September .
October
November..
Deceraber . .
1884—January . . February - .
March - . . . .
April
May
June
July
August
September .
October
November..
December. 1885—January
February - March
April
May
June
July .1
August
September October
November.December..
1886—January
February...
March
April
May
June
July
August
September .
October
November..
December..
1887—January
February...
March .'
April
May
June
July
August
September..
October
November..
December . .
1888—January
February . .
March
April
May
June
July . . . . . . .
August
September..
October —
November..
December..
1889—January....
February . .
March
A.pril
Interestbearing.
:
.
,404, 066, 800
:
,
, 378, 245,450
:
,
, 362, 130, 050
I, 895, 750
, 340,
',
, 339,113, 050
,
, 334, 478, 000
:
,
, 324, 229; 050
: 229,150
,324,,
,
, 324 232, 000
:
,314,, 878, 950
,
,
, 302, 617, 600
1,446, 050
, 298,
'
,287;, 040, 800
t
,
,262, 885,150
:
,262,, 657,850
; 840, 900
,252,,
,242 ,758, 000
i
,
,242; 572, 350
I
,
, 230, 845, 650
I 563, 850
,
,212,
,211 , 407, 950
I
,
,202, 526, 400
;
,192,, 476, 500
: 475, 600
,192,,
:
,182,, 147,100
, 182,
1.147, 450
, 182,
1.148, 850
,182;
1,149,050
i
,
, 182, 149, 600
1,150,350
, 182,
1,150, 950
, 182,
,
, 182, 150, 950
1,152, 600
, 182;
1,153,400
, 182;
1,153,950
, 182;
1,154, 650
,182,
!
,
, 182, 155,100
1,155,150
, 182,
',,155,900
, 182,
1,058,150
, 1.72,
1
,
,162, 057, 950
.
,
, 151, 742, 250
; 026, 800
,
, 142,
: 014,100
,
. 132;
,
, 980, 600
,127, 391, 600
,
. 122,
, ,133,800
. 103,
, ,819,600
, 074,
,125, 850
,059, 870, 950
,
. 051,
, \ 995,950
,050,, 627, 650
1
,040,, 947, 600
i
,023,, 055, 200
i
,016,
,692,300
. 007, 692, 350
, ,
,007, 976, 850
,
987,, 230, 200
:
982,, 490, 930
;
968, 147, 230
,
963, 138, 030
,
963, 138, 230
,
963:,139,550
963, 140, 540
,
963, 140, 540
,
963, 576, 250
\
959,, 4,37, 350
I
942, 522, 500
,
936,, 514, 630
.
935, 514, 060
\
929,, 039, 660
1
906,
1,499,770
879,
1,444, 690
868,, 418,140
!
862,, 504, 330
.
854,, 106, 220
:
844,, 412, 020
i
836, 005, 090
S
825,
Matured.
U n i t e d States National-bank
notes a n d
notes, redempfractional cur- tion account.
rency.
, 055. 26 $353, 762,960.17
,
',
14 887,015.26 353, 762, 385.17
,
,
14 632, 715.26 353 ,758, 359.17
.
,
694.17
13 311, 945, 26 353, 756,
,
679. 81
10 575,195.26 353, 750,
,085.26 353,, 749,
:
024.81
091,
9
,
624. 81
8 938, 475. 26 353, 743,
,
,
,
691.81
7 831, 415. 26 353, 740,
,765.26 353,, 739,
i
167. 31
7 267,
:
,
,737, 687.31
583, 165. 26 353:
6
,
,
777.31
5 643, 665.26 353, 732,
;
,
,730, 119.31
4 348, 745. 26 353;
,
.
119.31
6 645, 335. 26 353,, 730,
; 795. 26 353;, 729,
,
1
124. 31
15 138,
,165.26 353,, 726,
1
906. 31
11 348,
, 365. 26 353,, 725,
1
893. 31
12 067,
,
:
858,31
14 043, 915.26 353,, 723,
i
,
:
628. 31
12,128, 405. 26 353,, 722,
;
,
,720, 860. 31
12 578, 275. 26 353:
: 205. 26 353,, 719,
,
;
517, 31
19 656,
i
,
i
922. 31
12 606, 365. 26 353,, 717,
,
^717, 377.31
14 188, 585. 26 353,
;
!
616,36
18,616,, 815.26 353,, 716,
,
1
585.36
12 547, 485. 26 353,, 713,
i
,
,713, 585. 36
9 238, 435, 26 353,
,
•,710, 599.36
6 993, 925, 26 353,
<,
,
189. 36
5 955, 945, 26 353; 708,
,
i
422.67
5 401, 395. 26 353;, 707,
,505,26 353;, 706,
!
180. 67
951,
4
1 085. 26 353; 705,
,
,
4 746, 855. 26 353; 704,174.88
i
,
,
899.88
4 353, 995. 26 353:
I
,
,703, 141. 88
4 100, 485. 26 353,
,
;,700, 123,88
4 014, 765. 26 353:
,
,700, 078,88
3 921, 385. 26 353:, 700,
,
.
048. 88
3 871, 305. 26 353,, 700,
:
,
i
003.88
3 734, 105. 26 353:, 698,
, >
,
1
380.92
3 569,
,475.26 353:
,697, 959,77
3 447, 755. 26 353,, 697,
,
1
849. 77
3 324, 465. 26 353,, 697,
;
,
:
849.77
4,258, 865. 26 353;, 694,
,
;
653.27
5,367, 795.26 353,, 693,
;
,
;
078. 52
5 856, 505. 26 353,, 692,
, ,
:
573.52
7,097, 445. 26 353;, 692,
,
;
548. 52
9 704, 185. 26 353,, 692,
, ,
i
138. 52
5 374,
,225. 26 353;, 692,
;
4 773,, 735.26 353,, 692,093.52
, i
i
093. 52
6 998, 435. 26 353;, 692,
;
,
:
093.52
12,316, 365. 26 353;, 692,
I
;
093. 52
9 289, 855.26 353;, 692,
, :
,
1
043. 52
874, 325. 26 353,, 689,
8
, \
!
317. 52
7 310, 845. 26 353;, 688,
'
,
1
904.52
530, 275. 26 353,, 686,
6
1
,
i
763.37
6 926, 715. 26 353,, 686,
, \
;
658. 37
6 310, 295. 26 353;, 685,
, ,
i
468. 37
6 541, 165. 26 353., 685,
, ,
1
6 115,
no. 37
,115.26 353,, 683,
i
6 161,
,715. 26 353,, 682,
;
895. 37
4,397, 935. 26 353,, 682,
,
;
115.37
3 739, 105. 26 353,, 682,
, ,
i
072.12
3 460, 975. 26 353,, 681,
, ,
:
037.12
3 252, 955. 26 353,, 680,
, .
,
;
992.12
3 163, 365. 26 353,, 679,
, :
,
;
335.12
2,914, 265. 26 353,, 679,
,
;
781.12
2,741, 795. 26 353,, 679,
,
;
781.12
2,688, 155. 26 353,, 679,
,
:
017.12
,645.20 353,, 661,
;
2,675,
017.12
0
555,
,095. 26 353, 660,
,
360. 07
,
1
467. 32
2,496, 665. 26 353,, 660,
,265. 26 353,, 659,
i
467.32
2,478,
,625.26 353,, 659,
i
140. 32
2,453,
,
•,
2,419, 685. 26 353, 659, 139.97
,745.26 353,
.657, 139.97
2 365,
:
,
.
151, 695. 26 353,, 657,
741.97
2
,
,
349. 97
2 094, 095. 26 353, 655.
,
067, 245. 26 353 , 655,
953. 47
2
,
,655, 953.47
2 047, 245. 26 353,
,
234.47
941, 755. 26 353 , 654,
1
762.97
I 931,
780.10
39 098 793.10
39 272 298.10
39 438 349. 32
38 828, 626. 60
38 606 117. 60
- 37960, 444.60
36 157 910.60
35 220, 105.60
35 375, 902, 60
36 655, 222,10
35 672, 219.60
35 536, 622,60
38,814, 572. 60
39 036, 637. 60
39 605, 082. 60
39 754, 813.10
38 849, 725. lb
38 779, 038.10
39 368, 121.10
38 852, 805.10
38 386, 957.60
39 358, 283.10
39 283, 467.10
42 994, 137.10
42 442, 478.10
39 818, 704. 54
40 387, 666.10
38 826, 340. 60
37 498, 812.10
36 967, 727,10
38 596, 332.10
38 436, 422. 60
38 425, 553. 60
38 917, 301.60
39 510, 138. 85
39 661, 505.35
41 634, 715. 73
44 167, 171. 73
49,265, 791.98
52 639, 262, 35
56 613, 089.85
57,496, 394, 35
60 248, 705. 85
60 381, 020, 85
60 933, 955. 35
65 612, 547. 35
78 105, 363. 60
87 111, 317.60
90 602, 281.60
89 140, 094.10
93 850, 874.10
99 253, 424.10
t o 520, 290.10
o
101 769, 625.10
97 992, 918.10
105 956, 194. 60
103 951, 505. 60
102 265, 787.60
102 781, 559. 25
101 450, 594. 91
102 534, 767. 50
101 291, 753. 80
e 780, 542. 20
s 138, 918. 30
96
94,852, 723.45
93 835, 592.90
91,952, 843.65
90 029, 866. 65
564. 6Z
87 819, 731.65
87 307, 859. 20
87,018, 020. 50
86,430, 471. 50
86 279, 985. 50
83 979, 250.25
82 577, 444.75
82 485, 378,25
82 513,
Total.
805,
785,
769,
747,
742,
735,
724,
721,
720,
710,
698,
692,
682,
670,
666,
658,
650,
647,
635,
625,
616,
608,
604,
598,
588,
585,
581,
581,
579,
578,
577,
578,
578,
578,
578,
579,
579,
580,
583,
579,
573,
567,
560,
555,
547,
541,
529,
518,
509,
505,
501,
494,
483,
476,
469,
465,
453,
444,
428,
423,
421,
422,
421,
417,
416,
410,
392.
384,
381,
373,
349,
322,
310,
304,
294,
282,
274,
263,
179
TREASURER.
No.
8 3 . — P U B L I C D E B T , EXCLUSIVE OF CERTIFICATES AND TREASURY NOTES, AT
THE END OF EACH MONTH, ETC.—Continued.
Month.
1889—May....
June
July
August
September
October
Noveraber
Deceraber . . . .
1890—January
'.
February ....
March..*
Ajpril
May
Juno
July
August
Septeraber . . .
October
Noveraber
Deceraber
1891—January
February
March
April
May
June
July
....
August
September - - October
Noveraber
Deceraber
1892—January
February
March
April
May.
June
July
August
Septeraber
October
Noveraber
Deceraber
1893—January
February
March.."
April
May
June
July
August
Septeinber . . .
October
Noveraber
Deceinber
1894—January
February.
March
April
May
Jurie
July
August
Septeraber
October
November...
December . . .
1895—January
February
March..'
April
May
Juiie
July
August
September . .
October
Interestbearing.
,745,190
815, , 853, 990
811, 244, 790
794 ,954, 790
784, ,324, 990
774, , Oil, 660
764,;, 055, 750
751 ,273,950
740, , 327, 450
735 , 029, 520
723, , 499, 020
719, , 178, 570
713, , 488, 580
711,, 313, n o
700,I 799, 360
,
680, ,978, 020
638,- 688, 070
,
632,; 283, 390
,
629, , 492, 590
619, , 019, 740
617, , 145, 750
615,', 501, 580
613,! 512, 780
,
610,1,771,520
610,I 529,120
,
610,I 529, 120
,
610,I 529, 420
,
610, , 529, 420
585;. 024, 720
,
585;>, 026, 720
585;. 026, 870
,
585;. 026, 970
,
585;>, 027, 680
585 ,028,080
585, , 028, 630
585, , 029, 030
585,i 029, 280
,
585, ,029, 330
585, , 030, 380
585,- 031, 080
,
585,S 031,170
585,-, 032, 020
585, , 032, 980
585, ,033,080
585, , 033, 660
585,. 034, 260
,
585,s 034,260
585;' 034, 810
,
585, ,035,110
585,s 037,100
585,', OSI, 440
585,', OSI, 590
585,' 037, 740
,
585,>, 039, 040
585,S 039, 220
585;. 039, 310
,
585,s 040, 090
625,I 872, 000
,
634;: 940, 930
,
635;s 041, 380
635, , 041, 840
635 , 041, 890
635, , 042,590
635,S 042, 670
635, , 042, 810
635. 042, 860
,
639
1,143, 030
679; , 168,130
684, , 323, 710
685; ,043, 860
713, , 851, 960
716;*, 201,910
716,; 202, OIO
,
716,i 202, 060
,
747, ,360,400
747 , 360, 610
747, , 360, 820
747, ,361,560
Matured.
U n i t e d S t a t e s Na;tional-bank
notes a n d
fractional cur- n o t e s , r e d e m p tion account.
rency.
907, 925. 26 $353, 654, 148.97
:
,
911, 485. 26 353, 654, 148. 97
904, 255, 26 353, 654, 148. 97
,
900, 505. 26 353, 653, 148. 97
,
897, 425. 26 353, 653, 148.97
;
,
885, 875. 26 353, 653, 148.97
;
,
847, 225. 26 353, 651, 590.97
,
844, 625. 26 353, 651. 590. 97
,
,
841, 345. 26 353,651, 590.97
,
833, 885, 26 353, 651, 202.97
831, 105.26 353, 651, 202.47
826, 045. 26 353, 650, 008.47
),
824, 165. 26 353, 649, 469.47
I
,
815, 805. 26 353, 648, 559.47
;
,
803, 135. 26 353, 648. 559.47
i
,
777, 275. 26 353, 648, 559.47
1
,
750, 985. 26 353, 648, 559. 47
;
,
708, 635. 26 353, 647; 675.47
,
687, 345. 26 353, 647, 675. 47
•
,
682, 505. 26 353, 647,
,675.47
679, 695. 26 353, 646: 525.47
,
,
671, 865. 26 353, 646. 525. 47
1
.
670, 115.26 353, 646:
,395.47
660, 635. 26 353, 645: 240. 82
.
,
647, 505. 26 353, 645:
,240.82
614, 705.26 353, 644, 343.10
.
,
613, 320. 26 353, 644; 343.10
:
,
611, 770. 26 353, 644; 343.10
,
127, 290. 26 353, 643, 355.10
;
,
209, 230. 26 353, 643; 355.10
!
,
279, 770. 26 353, 643; 355.10
;
,
633, 340. 26 353, 642:
,337.10
965, 900. 26 353, 642,
,,337.10
725, 410.26 353, 641, 397.10
461, 670. 26 353. 641 397.10
,
304, 210. 26 353,641 ,397.10
167, 345. 26 353, 641, 397.10
,
785, 875. 20 353, 640, 126.12
,
603, 325. 26 353, 640, 126.12
'
,
536, 765. 26 353, 640, 126.12
,
510, 145. 26 353, 640, 126.12
,
459, 555. 26 353, 640,126.12
\
432, 015. 26 353, 640, 126.12
,
385, 045. 26 353, 640, 126.12
357, 755. 26 353, 640,126.12
>,
335, 305. 26 353, 640, 126.12
,
301, 590. 26 353,637 ,788.12
228, 490. 26 353, 637, 788.12
,
1.91,010. 26 353, 637, 168.12
,
094, 060. 26 353, 637, 168.12
,
081, 530. 26 353, 637, 168.12
,
045, 540. 26 353, 637, 168.12
,
984, 770.26 353, 637, 168.12
,
974, 570. 26 353, 637, 168.12
,
939, 380. 26 353,637 , 168.12
913, 530.26 353, 637,
,168.12
884, 630. 26 353, 635, 445. 92
'
,
871, 020. 26 353, 635, 445. 92
s
864, 120. 26 353, 635, 445. 92
',
862, 030. 26 353, 634, 520. 92
:
,
858, 390. 26 353,634 , 520. 92
851, 240. 26 353, 633, 000. 92
i
,
840, 850. 26 353, 633, 000. 92
,
831, 750. 26 353, 633, 000. 92
,
830, 030.26 353, 633, 000.92
,
828, 280. 26 353, 633, 000. 92
;
,
826, 930. 26 353, 633,
,000.92
825, 800. 26 353, 631, 895.92
792, 690. 26 353, 631, 895.92
.
779, 300. 26 353, 631, 895. 92
,
770, 250, 26 353, 631, 280. 92
754, 660, 26 353, 631, 280. 92
,
734, 920, 26 353,631 , 280. 92
721, 590. 26 353, 629, 980. 99
I
,
699, 650. 26 353, 629, 980. 99
695, 870. 26 353, 629. 980. 99
'
,
(385,6tiO. 26 353, 629, 980. 99
'
,
681, 670.26 353, 629, 257. 64
I
,
497, 423. 59 $1,254, 804,687.82
051, 136. 75 1, 249,
470, 760.98
302, 411.75 1,242, 105, 605.98
176, 103. 25 1, 223,684,547. 48
957, 616. 75 1, 211,833,180.98
816, 079.75 1, 201,366, 763. 98
523, 668. 25 1,189, 078, 234.48
831, 220. 75 1,175, 601, 386.98
195, 912.75 1,163, 016, 298. 98
182, 864.25 1,154, 697,472. 48
140, 825.75 1,141, 122,153.48
040, 957. 25 1,134, 695, 580. 98
022, 894. 75 1,126, 985,109. 48
619, 359. 75 1,122, 396, 834.48
207, 975. 75 1,110, 459, 030.48
059, 296.75 1, 091,
463,151. 48
005, 865. 25 1, 050,093, 479. 08
796, 857. 25 1,042, 430. 557. 98
994, 622. 75 1, 037,822, 233. 48
323, 030. 75 1,025, 072,951.48
107, 010. 75 1,021, 578, 981.48
165, 815. 25 1, 017,985, 785. 08
116, 485.75 L013, 945,770. 48
156, 999. 25 1, 010,234,395. 33
203, 360. 75 1, 008,025, 226. 83
018, 392. 25 1, 005,
806, 560. Gl
461, 875. 25 1,004, 248, 958. Gl
372, 208. 75 1, 003,157, 742.11
540, 138. 25
984, 335, 503. Gl
430, 670. 75
980, 309, 976.11
789, 991. 25
977, 739, 98G. 61
679, 299. 25
975, 981, 946. Gl
350, 376. 75
973, 986, 294.11
888, 003. 25
972, 282, 890. 01
894, 830.75
971, 026,528.11
273, 515.75
97.0,248,153.11
521, 231. 25
.969, 359,253.Gl
763, 509. 25
968, 218, 840. G3
105, 103.75
967, 378, 935.13
018, 448. 25
967, 226, 410. G3
336, 722.75
518,164.13
191, 032. 75
322, 734.13
137, 678. 25
965, 242, 799. 03
466, 501.75
964, 524, 753.13
771, 492.25
963, 803,033. 63
272, 061. 25
963, 281, 752. 63
854, 580. 75
962, 828,219.13
506, 675. 75
407, 764.13
887, 600. 25 • 962,
961, 750, 888. G3
663, 437.75
961, 431,'766.13
364, 878.25
961, 121,016.03
239, 960. 25
960, 960, 258. 63
727, 096. 75
961, 386, 775.13
295, 714. 25
961, 946, 492. 63
952, 547. 75
961, 568,31G. 13
015, 908.75
963, 605, 917.13
582, 359.75
965, 142, 525. 93
977, 549. 25
356,015.43
957, 602. 00 1, 007,398, 098.18
019, 048. 50 1, 016,556, 979. 68
381, 809.00 1, 017,916, 560.18
371, 685. 50 1, 016,897, 816. 68
1, 016,
317,
833, 911.18
234, 470. 00 1, 016,742, 013. 73
060, 592. 55 1,016 566, 336. 08
163, 495. 50 1, 017,667, 616. 68
487, 475. 50 1,018, 090, 525.18
615, 564. 00 1, 024,241, 275. 68
BOI, 449.50 I, 064,049,573.18
155, 277. 00 1,069, 610, 527.18
393, 471. 00 I, 068,647, 307.18
069, 816, 00 1, 096,657, 819. 68
205, 968. 50 1, 098,773, 392.18
359, 181, 00 I, 097,913,120. 25
568, 489.-00 1, 096,258, 435. 25
277, 404. 00 1,127, 963,479. 25
818, 018.00 1,126, 494, 999.75
706, 538. 50 1,126, 379,106.90
619. 00 1,126,
180
No.
REPORT ON T H E
FINANOES.
8 3 . — P U B L I C D E B T , EXCLUSIVE OF CERTIFICATES AND TREASURY N O T E S , AT
THE END OF EACH MoNTH, ETC.—Continued.
Month.
1895—November
. December
1896—January
:..
February
March
April
May
June
July
August
September
October
November
..
Deceraber
1897-January
February
March
April
.
May
June
July
August
September
October
Noveraber
Deceraber
1898—January
February
March
April
M ay
June
July
August
Septeraber
October
November
December
1899—January
February .... March
April
-.
May
Juiie
July
August
September
October
Noveraber —
December
1900—January
February
March
April
Jfiay •-June
July
August
September
Interestbearing.
Matured.
United States National-bank
notes and
notes, redempf r a c t i o n a l cur- t i o n a c c o u n t .
rency.
Total.
,960 $1 676, 180.20i$353, 629, 257, 64 $23, 216,600,00 $1,125, 883,997. 90
,
$747, 361,!
:,
747, 361,,960
I 674, 510. 26 353, 629, 257.64 22, 659,734, 50 1,125, 325,462.40
;
,820
747, 362,1
1 673,, 190. 26 353, 628, 352. 64 21, 973,653, 00 1,124, 638,015. 90
479.40
•
,170
822, 615,;
1 667,, 630. 26 353 628. 352. 64 21, 863,326, 50 1,199, 774,
001.90
1,510.26 353 628, 352. 64 21, 291,999. 00 1, 213, 984.
[,U0
837, 404,:
1 659,
330.90 .
.
,
.,140
• 842, 312,:
1 651, 790. 26 353, 628, 352. 64 20,786. 048. 00 1, 218, 378,
610. 90
,970. 26 353 628, 352. 64 19, 906,698. 00 1, 220, 669,
5,590
845, 488,1
1 645,
350.40
r
,
5,890
847, 363,1
1 636, 890. 26 353, 626, 547. 64 20,102, 022. 50 1, 222, 729,
984.40
:
,
,250
633, 640.26 353, 626, 547. 64 19, 688,546.50- 1, 222, 3.12,
847, 364,:
1
596.40
1
,
I.,
847, 364,: 263
I 622, 960. 26 353; 626, 547. 64 19, 229,828. 50 1, 221, 843,
685.90
,
I,
847, 364,: 263 1 621, 790. 26 353, 625, 867. 64 18, 845,768. 00 1, 221,457,
717.90
18,474, 380. 00 1, 221, 071,
,010.26 353 625, 867.64
847, 364,'
U60
I 607,
257.40
,
i
847, 364, ,523
1 591, 620. 26 353, 625, 867. 64 18, 544,249.50 1, 221,126,.
961.40
:
,
(
847, 364, ,690
1 383, 070. 26 353 625, 867. 64 18,876, 333. 50 1, 221, 249,
737.40
1,930. 26 353, 625, 867. 64 20,997, 189. 50 1,223, 370,
,750
364,'
382,
847,
1
709.40
I
,
847, 364, ,950
1 358, 210. 26 353, 624, 604. 64 23, 089. 944. 50 1, 225,437,
806.90
I 760. 26 353, 624, 604.64
,
492. 00 1, 226, 007,
,950
364,!
23. 662,
847,
1 355,
649.40
;
,030
847, 365,'
1 353,, 830.26 353 624, 604. 64 23,991, 184. 50 1, 226, 334,
864.40
1
,
,030
847, 365,1
I 348, 510. 26 353, 624, 604. 64 24, 459,719. 50 1, 226, 797,
712,90
1
,
>,130
847, 365,:
1 346, 880. 26 353, 623, 065. 64 24, 458,637.00 1, 226,793,
102.90
1 340. 26 353, 623, 065. 64 24,138, 377. 00 1, 226, 463,
,
365,:
),320
847,
1 336,
1, 226,896,
327.90
,
),540
847, 365, i
I 336, 280. 26 353; 623, 065. 64 24, 571,442.00 1, 227, 315,
500.40
, 570. 26 353, 623, 065. 64 24, 992,324. 50
i
847, 365, ,540
I 334, 540. 26
1, 228, 320,
690.40
,
623, 065.64
,56)
847, 365,!
1 331, 280. 26 353, 622, 300. 64 26, 000,524. 50 1,229, 890,025.40
,
353,
824. 50
<
847, 365, ,620
27, 570,
1 331, 270. 26
1,
336. 90
I
,
622,
),620
847, 365,1
1 330,, 540. 26 353, 621, 300. 64 32, 268, 146. 00 1, 234, 586,
235, 573,
124.90
635. 64 33, 257, 139.00
!
•,810
847, 365, i
1 328,, 670. 26 .353,
235, 668,
419.90
64
'
(
847, 366, ,680
1 327,, 780. 26 353 621, 635. 64 33, 352,434. 00 1, 234, 883,
294.40
!
353, 620, 615.
218. 50 1,
847, 366,),( 683 1 283,
32, 612,
1, 234, 243,
274.40
64
,
353, 620,
847, 367,1
r,oio 1 280,, 680. 26 353 620, 615. 64 31,974, 968, 50 1, 233, 528,575.40
615.
: 850. 26
,413
847, 367,.
1 264, 680, 26 353, 619, 765. 64 31,275, 699, 50 1, 232,743,062. 90
,
,470
847, 367,'
1 262, 050. 26 353, 619, 765. 64 30, 493,147.00 1, 232, 925,221. 90
I
,
30, 677,676.00
,730
847, 367,'
1 260,
801.90
I
,
i
30, 266,206. 00 1, 307, 357,
922, 212,J, 80 3 1 259, 030. 26 353. 619, 765.64
708. 90
1,790. 26 353; 618, 987. 64 30, 072,331. 00 1, 375, 036,
5,
990, 088, <603 1 256,
,870.26 353 618, 987. 64 29, 572,380. 00 1,411,205, 197. 90
I, 026, 766,! 963 I 246,
),
1, 419, 850,
277.50
,630. 26 353, 618, 987. 64
(
1, 036, 396, ,630
1 241, 200.26 353, 618, 987. 64 28, 593,029. 60 1, 423, 940,
981. 90
,
,980
1, 040, 215,!
1 237,
,150;26 353 618, 242. 64 28, 868,814. 00 1,427, 209,425. 90
<
I, 040, 562, ,030
1 237, 670. 26 353, 618, 242. 64 31, 792,003. 00 1,427,007, 904. 90
,
,270
I, 040, 735,!
1 231, 420. 26 353 618, 234.16 31,422, 722.00 1,433,548, 726,42
I
,
,293
1, 045, 775,:
1 219, 390. 26 353, 617, 356.16 32, 935,782. 00 1, 435,714,
797.42
1
,
048,1
,680
1, 046,
1 218,, 350. 26 353, 617, 356.16 34, 830,371.00 1, 436,475,500,42
1
1,046, 048,'
,730
I 218,, 300. 26 353, 616, 272.16 35, 591,064. 00 1, 436, 700,
703. 92
!
048,'
I, 046,
5,750
1 218, 740. 26 353, 616, 272.16 35, 817,381. 50 1,436,431, 838.42
1
,
,770
35, 551,056. 00 1,436, 659,427.42
1, 046, 048,'
1 215,
1,150. 26 353, 616, 272.16
35,779, 155. 00 1, 436, 601,
I, 046, 048,1
},850
1 215,
392.42
,030.26 353, 616, 272.16
I, 046, 048,1
,850
1 215, 030. 26 353, 616, 272.16 35, 721,240. 00 1,436,021, 121:42
,
1, 046, 049,1
),020
35,145, 799. 00 1, 426, 308,
1 210,
270.42
,820.26 353, 615, 422.16
1,037, 049,1
,690
34, 433,338.00 1, 417,895,
1 209,
460. 42
,500.26 353, 615, 422.16
1, 026, 772,:
5,320
1 208,, 410. 26 353: 615, 422.16 36, 299, 218.00 1,418,127, 200.42
i
1, 026, 863,1
,050
36, 440, 318. 00 1, 417, 248,
1 208,
882.17
1,000. 26 353; 615, 421. 91
862,
1, 026,
},120
1 208, 600. 26 353: 614, 318.91 35, 563,340. 00 1, 419, 049,
353. 67
,
1, 026, 862,: 140 1 207, 170. 26 353 614, 318. 91 .37,365, 294. 50 1,420,919, 633.17
i,
;
,
863,'
1, 026, 5,490
1 182, 880. 26 353, 614, 318. 91 39, 259,654. 00 1, 418, 392,
340. 67
,
1,026, 482,!
1,290
1 181,, 320. 26 353 613, 853.91 37,113, 151. 50 1,413,416, 912. 67
1
1,023, 478,1860
i,
1 176, 310. 26 353, 613, 853. 91 35,147, 878. 50 1, 409. 206,
075.17
I
,
1,021, 125,:160
),
33, 290, 751. 00 1, 397, 688,
802.17
1 176,
,960.26 353 613, 273.91
),260
1,001, 499,:
9 201, 220. 26 353 613, 273, 91 33, 374, 308. 00 1,394,361, 549. 67
1
,
1,001, 499,:260 5 516,
),
33, 732, 795. 50
181
TBEASUREK.
N o . 8 4 . — L A W F U L M O N E Y D E P O S I T E D I N T H E T R E A S U R Y EACH MONTH OF THE
F I S C A L YEAR 1900 F O R T H E R E D E M P T I O N OF NATIONAL-BANK NOTES.
F i v e per cent
account.
Month.
..-
Deceraber
1900—January
February
March
April May
June
Total
$4,903, 671, 61
4, 990, 463. 00
3, 971,425.05
5, 286, 863. 76
4, 953, 207. 52
5, 569, 598. 01
7, 356, 585.15
8,203,712.91
7, 428, 939. 77
6,174, 566. 95
8, 695, 639.19
10, 820, 209. 96
$14,728,00
89,500,00
3, 919. 50
93,780. 00
881, 695. 00
24, 917. 00
56,197.50
46, 695. 00
56, 250. 00
6, 030.00
1,290.00
78, 354, 882,88
1899 J u l y
Ausrust
September
October
No.
F a i l e d account.
1, 275, 002, 00
Liquidating
account.
E e d u c i n g account.
Total.
81, 370. 00
61,275.00
82, 750. 00
178, 830. 00
250,174. 50
301,095.00
786, 900, 00
209, 432. 00
51, 560. 00
$.579,150. 00
1,104, 297. 50
969, 750.00
162, 000. 00
501, 750. 00
3, 026, 650. 00
2,015,130. 00
675, 895.00
2, 990, 250. 00
2, 347, 840. 00
83, 500. 00
170, 247. 50
$5, 852, 349. 61
6, 327, 258. 00
4,945, 094. 55
5,624,013. 76
5, 516, 232. 52
9, 560, 693. 01
9,575,462.15
9,185,979.91
10,766,979.77
9, 365, 556.95
8, 994, 601.19
11,043, 307. 46
2,501,184.00
14, 626, 460. 00
96,757, 528.88
$354,800, 00
142,997.50
8 5 . — D I S B U R S E M E N T S FROM R E D E M P T I O N ACCOUNTS OF NATIONAL
EACH M O N T H O F T H E F I S C A L Y E A R 1900.
For notes redeemed.
Month.
$6, 015, 470, 50
5,469, 921. 00
5, 510, 702. 50
5, 794, 806. 00
5,991, 626. 00
6, 776, 247.50
10, 245, 650. 00
9, 563, 915.50
7,149, 128. 00
7, 052, 603.00
11, 059, 397.50
12,152, 803.00
1899—July
August...
Septeniber
October...
November
December.
1900—January . .
February.
March
April
May
June
Total.. -
92, 782, 270. 50
Transfers and Total disburserepayments.
ments.
$87, 223.46
$6,102, 693. 96
114, 921.14
5, 584,842.14
5, 573,930. 35
63, 227. 85
5, 826,884. 70
32,078.70
6,141,457.00
149, 831. 00
, 034, 665. 07 7, 810,912, 57
139, 727.27
10, 385,377, 27
9, 656,304.75
92, 389. 25
7, 313,582.49
164, 454.49
7, 380,078. 50
327, 475. 50
50,774.00
171.
11, no, 50
48, 924. 62 12,201, 727. 62
2, 305, 692. 35
BANKS
Balance.
$44, 368,690. 05
45,111, 105. 91
44, 482,270.11
44, 279,399.17
. 43, 654,
174. 69
45, 403,955.13
44, 594,040. 01
44,123, 715.17
47, 577,112.45
49, 562,590. 90
47,447, 020, 59
46,288, 600, 43
95,087,962. 85
N o . 8 0 . — N A T I O N A L - B A N K NOTES R E C E I V E D FOR R E D E M P T I O N FROM T H E P R I N CIPAL C I T I E S AND O T H E R P L A C E S EACH MONTH OF T H E FISCAL YEAR 1900, I N
THOUSANDS OF DOLLARS.
Month.
New
Phila- BaltiT o r k . B o s t o n . delphia. m o r e .
1 8 9 9 — J u l y . . . . . . . . $3,121
2,573
Auguat
2,302
September..
2,927
October
N o v e m b e r ... 2,806
D e c e n i b e r . . 3,469
7,821
1900-January..-.
4,335
February-..
3,732
March
4,620
April
7,081
May
7,920
June
Total
52, 707
Chicago.
CincinSt.
NewOr- Other
nati.
Louis. leans. places.
$769
775
827
838
1, 003
1,070
L662
739
815
820
1,534
1,575
$584
603
574
660
751
783
788
549
633
669
901
895
$146
162
155
172
154
225
219
185
169
333
393
320
$393
462
414
358
419
391
407
318
398
353
428
463
$97
46
83
112
101
75
81
73
74
109
177
190
$168
98
125
159
137
145
145
200
220
285
251
387
12,427
8,390
2,633
4,804
1,218
2,320
Total.
$58
$818
41
832
48
816
44
947
30
844
38
1,082
38 . 1,035
89
879
61
L032
63
1,106
74
L214
126
1,168
$6,154
5,592
5,344
6,217
6,245
7,278
12,196
7,367
7,134
8,358
12, 053
13,044
710
96,982
11,773
182
No.
REPORT ON T H E FINANCES.
§ ' 7 . — R E D E M P T I O N S AND D E L I V E R I E S OF NATIONAL-BANK NOTES EACH MONTH
OF THE F I S C A L Y E A R 1900.
Month.
1899—July
August
September
October
November
December
1900—January
Februa'ry
March
April
May
J une
Total
No.
Redemptions.
D e l i v e r i e s on
redemption
accounts.
D e p o s i t e d in
Treasury.
$6,139, 695. 20
5, 520, 663.50
5, 332, 828. 05
6,143, 859. 85
6, 111, 708. 20
7, 094, 587. 90
12,180, 421. 33
7, 245, 797. 05
7, 076, 946. 30
8, 338, 882. 00
11, 980, 405. 50
13, 060, 486. 60
$6,016,960.50
5, 478, 401. 00
5, 487,182. 50
5, 801, 866. 00
5, 995, 871. 00
6, 766, 042. 50
10,152,850.00
9, 603, 975. 50
7,195, 208. 00
6, 995, 803. 00
10, 882, 917. 50
12,159, 820. 50
$6,499.00
8,508. 00
3,180. 00
5, 282. 00
4, 555. 00
15,781. 00
27, 691. 00
7, 361. 00
6,700. 00
5, 079. 00
9, 492, 00
11, 571. 00
96, 226, 281.48
92, 536, 898, 00
On h a n d ,
charged to
5 per cent
account.
On h a n d ,
unassorted.
8 8 . — 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
EACH M O N T H OF T H E F I S C A L YEAR 1900.
Month.
1899 J u l v
August
September
October
November
December
1900 J a n u a r y
February
March
April... .
May
June
Total
$3, 310, 693. 54
3, 352, 928. 04
3,171, 873. 59
3,515, 645. 44
3, 631,172. 64
3, 933, 732. 04
5,840,812.37
3, 515, 332. 92
3,436,451.22
4,717,651.22
5, 629,167. 22
6, 525, 279. 82
111, 699.00
.$14, 990. 00
6,510.00
30, 030. 00
22, 970. 00
18,725. 00
28, 930. 00
121,730.00
81, 670. 00
35, 590. 00
92, 390, 00
268,870.00
261, 852. 50
For return to For destruction For destruction
and retirement.
b a n k s of i s s u e . a n d r e i s s u e .
TREASURY
Total.
Balance.
$1,181, 480.00
1,069,520.00
1,178,240. 00
1,318,240.00
1,281,130.00
1, 548, 260. 00
2, 419, 610. 00
2, 272, 690.00
2, 345, 210. 00
2, 326,120. 00
3, 905,580. 00
4, 774, 580. 00
$3, 632, 835. 00
3, 329,170.00
3, 281, 277,50
3, 586, 075, 00
3, 439, 255. 00
3, 974, 262. 50
5, 680, 882. 50
5, 515,477. 50
3,317, 707.50
3, 518, 072. 50
4, 533,140.00
5,198, 290. 00
$1,202,645.50
L 079,711. 00
1, 027, 665. 00
897, 551. 00
I, 275, 486. 00
1, 243, 520. 00
2, 052, 357. 50
I, 815, 808. 00
1, 532, 290. 50
1,151, 610. 50
2, 444,197. 50
2,186,950.50
$6, 016, 960. 50 $3,325,683.54
5,478, 401. 00
3, 359, 438. 04
5, 487,182. 50
3, 201, 903. 59
5,801, 866. 00
3, 538, 615.44
5, 995, 871. 00 . 3, 649, 897.64
6, 766, 042. 50
3, 962, 662. 04
10,152, 850. 00
5,962,542.37
9, 603, 975.50
3, 597, 002. 92
7,195, 208, 00
3, 472, 041.22
6, 995, 803, 00
4, 810 041. 22
10, 882, 917, 50
5, 898, 037. 22
6,787,132, 32
12,159, 820. 50
25, 620, 660. 00
49, 006, 445. 00
17, 909, 793.00
92, 536, 898. 00
N o . 8 9 . — 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 R E D E M P T I O N FROM THE P R I N C I P A L
C I T I E S AND O T H E R P L A C E S , B Y F I S C A L YEARS, I N THOUSANDS OF DOLLARS.
Fiscal
year.
New
Tork.
1875
" $80, 925 $17, 598
1876
78, 389
55, 878
18771-...
76, 693
75, 212
1878
66, 273
80, 527
1879
54,170
59, 375
1880
26,460
11, 701
1881
23, 319
5,565
1882
28,012
7,370
1883
36, 042
16, 631
1884
54, 327
19,971
1885
75, 409
27, 473
1886
49, 487
30,031
1887
31, 315
13,219
1888
43, 411
13,062
1889
38, 559
11, 478
1890
29,100
7,818
1891
30, 393
7,106
1892
30, 845
8,053
1893
36, 341
9,580
1894
62,790
14,255
1895
51,936
10, 266
1896
58, 051
14, 613
1897
65, 312
16, 382
1898
51, 804
16, 606
1899
46, 610
13, 342
1900
52, 707
12, 427
T o t a l . 1, 278, 680
CincinBaltiSt.
New
Chicago, n a t i .
more.
Louis. Orleans.
Other
places.
Total,
$9,096
9,778
20, 988
10, 836
7,052
3,358
4,919
5,939
7,333
6,830
7,220
7,323
6,973
6,40:.
5,641
4,640
4,381
5,053
5,402
6,094
6,099
7,601
8,348
6,570
7,332
8,390
$1, 902
3,265
1, 821
1,085
693
415
673
947
I, 626
2,853
3,705
3,546
3,103
2,927
2, 575
2,013
1, 613
2,070
1,808
1,092
952
2,068
1,610
2,113
2,385
2,633
$6, 814
10,106
4,162
3,194
1,719
1,673
2,655
3,545
6,146
5,794
4,558
5,493
5,315
5,508
5,862
5,188
4,615
5,050
4,998
4,130
4,028
5,778
5,431
5,155;
5,050
4,804
$3, 676
3.085
2,781
2,268
L219
819
996
1,188
1,774
1,822
1,910
2,263
2,244
2, 726
1,491
1, 425
L495
I, 938
2,238
2,560
1,705
3,112
1,58^:
1,465
1,718
L218
$1, 384
1,019
1, 292
999
L487
392
673
1,061
1,372
1,155
977
3,422
3,422
3, 03^:
1,636
1,792
1,284
1,239
L178
L102
1,731
3,836
2,172
1,895
2,283
2,320
630
710
$33, 776
46, 723
59, 751
47,784
31, 780
16, 222
20, 528
27, 705
31, 36332, 758
26, 894
27, 308
20, 783
20, 755
20,126
16, 924
15, 536
14, 367
13, 448
12, 844
9,603
12,140
12,160
10, 942
11, 488
11,773
$155, 521
209, 039
242, 885
213,152
157, 657
61, 586
59, 650
76. 089
102, 700
126,152
150, 209
130, 296
87, 690
99,152
88,932
70, 257
67, 461
69, 625
75, 845
105,331
86, 709
108, 261
113, 574
97,112
90, 838
96, 982
189,597
51, 493
126,769
50, 720
44,157
20, 269
605, 481
2, 942, 705
Boston. Philadelphia.
575, 539
^
$350
796
185
186
162
546
322
322
413
642
2,063
L423
1,316
1,328
1,564
1,357
1,038
LOIO
852
464
3811
1,062
575
56^:
183
TREASURER.
No.
90.—RESULT
Fiscal
year.
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
OF THE COUNT OF NATIONAL-BANK
R E D E M P T I O N , B Y F I S C A L YEARS.
Claiined b y
owners."
"Overs."
"Shorts."
NOTES
Referred and Counterrejected.
feit.
RECEIVED
Express
charges.
$154, 526, 760.16 $24, 644.85 $20, 223. 50 $1, 635, 585. 51 $3,741.00
21.0, 032,975. 26 16, 491. 42 16,175. 26 1,072,711.42 5,188. 00
242,885, 375.14 24, 996. 58 29, 704.43 1,283,659,77 5, 634.00
213,151, 458. 56 37, 649. 20 16, 394. 60
388, 369. 35 4, 008. 00
157, 655, 844.96 22,148. 42
9, 906. 35
335, 605. 92 3, 016. 00 $25,842. i 5
61, 586,475. 68
6,461. 30
9, 868.97
313, 302. 37 3,846.75
9,938.41
59, 650, 259.43 • 13, 231. 38
6, 618. 25
592,734.43 4,324. 50
3, 345. 03
76, 089, 327.48 11,222,13 13, 405.13
676,259,44 4,151.00
] , 152.09
102, 582, 656. 73
8,092. 09 10,103, 35
731, 620. 60 4, 559.50
725. 84
126, 220, 881. 34
6, 066. 30
3,785, 60
458, 698. 82 3,770. 50
523. 54
150, 257, 840.01 17, 060. 07
6, 445, 25
332, 885. 68 3, 560. 00
612. 25
130, 296, 606.82 25, 528. 97
8, 246, 65
281, 017. 06 2,720. 00
526. 96
87,689, 687.15 16, 404. 07 22, 356, 00
466, 967. 68 2, 924.00
573.58
99, 046, 534.34 14, 749. 28
2, 741, 70
808, 375. 88 2,722.00
716. 62
89, 037, 811. 75
4, 048. 62
6, 836. 85
814, 014. 27 2,191.50
957.18
70, 242, 489.45
8, 540. 90
4,954,55
387,104. 85 2, 634. 50
313.75
67,475,113.15 10, 661. 05 43,819. 00
625, 663. 80 2, 800. 00
241.70
69, 625, 086. 73
9,832.70 10, 784, 50
644,706.95 2, 529. 60
256. 31
75, 845, 224. 51 13,291. 35
7, 910, 50
504, 984, 30 3, 002.00
334. 50
105,099,227.89. 2,798.75
6, 816, 83
897, 992. 05 2,472. 50
9, 218. 55
86, 940, 748. 54
7,553. 54
2, 062.90
575, 708. 51 1, 580. 50 13, 226.95
108, 260, 978. 05
7, 654.71
7, 582.70
352, 355.27 2, 069.50 15, 598. 95
113, 226,181.47
5,423.79
3,841. 50
626, 331,70 1, 508.75
43.80
97, 459, 282.47 10, 383.40 11, 957. 50
352,846, 95 1, 424.50
76.20
90,838, 301. 01 16, 615. 50 15, 911.20
681,108. 05 1, 227.00
121.80
96,982, 607. 88
8, 092. 25 11, 685,80
750,902.15 1, 706. 00
124.70
T o t a l . . 2,942,705,735. 96 349, 642. 62 310,138,87 16, 591, 512.78 79,311.60
No.
FOR
N e t proceeds.
$152 891, 855 00
208,955, 392. 00
241, 591, 373. 52
212,780,335.81
157, 303, 622.96
61, 255, 980.48
59, 056,468. 60
75,405,581. 95
101,843,739.53
125, 760,169.18
149,931, 396. 90
130, 029,625.12
87,213, 269. 96
98,246, 727. 42
88, 217, 860. 57
69, 856, 022. 70
66, 813; 249.70
68, 976, 642. 07
75,342,284. 56
104,185, 526. 71
86, 355, 723. 22
107,891, 026. 34
112, 599, 879. 51
97,103,360.72
90,156, 548.46
96,226,281.48
84,470. 86 2,925,989,944.47
9 a..—DISPOSITION M A D E OF THE NOTES R E D E E M E D AT THE NATIONAL-BANK
R E D E M P T I O N AGENCY, B Y F I S C A L YEARS.
D e l i v e r e d t o t h e C o m p t r o l l e r of
the Currency.
Returned to
b a n k s of i s s u e . F o r d e s t r u c t i o n F o r d e s t r u c t i o n
and retirement.
and reissue.
Fiscal year.
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
.
:
Total
-
$15,213, 500
97,478,700
151,070,300
152,437, 300
1 1 2 , 4 n , 800
24, 980, 500
6,763,600.
3, 801, 500
15, 572,100
26, 255,500
45, 634,800
46,701,100
20, 786, 640
17,453, 780
17,084,590
12, 590, 880
12, 543, 220
16, 676, 700
24,166.150
39, 893, 840
35, 055, 620
46, 946,190
37, 659, 960
27,124, 260
23,472, 650
25, 620, 660
1, 055,395,840
Deposited in
Treasury.
Balance on
hand.
$17, 532, 008.00 $5,036,902. 00
$115,109, 445. 00
29, 927,900.00
7, 942, 539. 00
78, 643,155. 00
24,439, 700. 00 11, 505, 312. 52
62,518, 600. 00
11, 852,100. 00
51, 585, 400. 00
8, 410,848.33
9, 313, 382. 00
40, 204, 700.00
3, 784, 589. 29
7,100, 386. 00 3, 097, 983. 77
29, 861, 700. 00
12,466, 045.00
40, 080,700. 00
2,844,107. 37
16, 978, 700. 00
3, 630,989.32
53, 838, 500. 00
4, 674, 927. 00
.59, 875, 000. 00
6, 562, 943. 85
72, 260, 700. 00
3, 589, 808. 00
6,861,741.03
72, 669,700. 00 $18,789, 758. 00
5, 769,080. 00 . 6.791,087.93
23, 355, 364.00
54, 532,935. 00
4, 022,497. 50
3,840,402.05
25, 928,470.00
1,259,942. 60
2,165,539.41
30, 506, 030. 00
27, 723, 778. 50
6, 770, 380.08
25, 843, 765. 00
275, 350. 30
36, 335, 520. 00
27,443, 340. 00
114,970.00 •3,959,218.75
50, 068, 991. 45
23, 275, 005. 00
112,206. 00
4, 203, 261.45
46,386,121. 90
27,494, 445. 00
107, 547.00
5, 542, 271. 65
33, 633, 889. 00
36, 282, 335. 00
95,113. 00
5, 232,044. 72
25, 329, 027. 50
43, 394, 418. 50
117,738.15
3, 858, 371.13
16,232,72L00
50, 944, 080. 00
144, 322. 00
6,132,120. 09
9, 037, 651.50
40, 094, 540. 00
65,341.00
4,203,973.31
10, 929, 535.75
43, 8G6, 375. 00
91, 894.00
9,967, 390. 65
13, 068, 369. 00
69, 014, 687. 50. 11,223,150.00
69, 019. 00
4,731,248.16
54, 858,155. 50
71,155.00
3, 790, 578. 38
11, 092, 355.50
50, 530, 827. 50
84,926.00
3, 209,447. 84
15,990,460. 00
49, 006, 445. 00
111, 699. 00
6,787,132. 32
16,649, 275. 00
17,909, 793. 00
1, 303,734, 984. 00 409, 684, 231.10 150, 387, 756. 55
.
•
184
No.
REPORT ON T H E F I N A N C E S .
9 2 . — M O D E OF P A Y M E N T FOR NOTES R E D E E M E D AT THE
R E D E M P T I O N AGENCY, B Y F I S C A L YEARS,
Fiscal
year.
Transfer
checks.
United States
C r e d i t in genS i l v e r coin. e r a l a c c o u n t .
ourrency.
NATIONAL-BANK
Credit in
redemption
account.
-
1875
$58, 825, 756. 00 $50, 958, 842. 00
$24, 066, 844. 00 $19, 040, 413. 00
92, 374,801. 00 44, 859, 317. 00
19, 078, 209. 00 52, 643, 065. 00
1876
1877
95, 212, 743.45 4L 26.^,129.15 $468, 974, 00 12, 789, 757.00 91, 856. 769.92
75, 361, 427.23 25, 707, 439. 44
1878
549, 645.40 12, 609, 083. 76 98, 552, 739. 98
51, 718, 253.06 19, 706, 842. 21
1879
148, 862. 22 35,148,181. 38 50,581,484.09
10,852, 505. 53 25, 058, 244. 26
6,924, 097. 88
203, 062.44 18, 218, 070. 37
1880
22, 415, 972. 28 23, 090, 351. 21
4, 313, 702. 36
300, 209. 83
1881.
8, 936, 232. 92
1882.
32, 992,144.72 27, 256, 234. 23 .516,365.86 10,106, 238. 45 4, 534, 598. 69
538, 776.16 12,428, 692. 86
56, 018, 447.71" 27, 009, 702. 66
1883
5, 248,120.14
77, 991, 916. 83 27,906, 597. 62 1,173, 646.70 12, 960, 221. 66
1884
5, 727,786. 37
618, 273. 57 13,944,370.50
1885
105, 840, 234.80 23, 084, 820. 77
6,443, 697. 26
555, 037. 84 31,007,087.30
1 8 8 6 . . . . . . . 74,149, 555. 26 17, 590, 237. 76
6,727, 706. 96
346,641.33 24, 768, 344.79
2, 243, 346. 65
1887
39, 996, 984. 07 19,857, 953.12
293, 222. 76 20,149, 324.00
1, 830, 349. 65
1888..
53,463, 333. 36 22, 510, 497. 65
235, 583. 89 15, 589, 994. 27
1,152, 890. 95
1889
49, 669, 676. 83 21, 569, 714. 63
166,361,50 14, 025,166. 30
1890:
30,271,993.55 24, 732, 324. 05
660,177. 30
164, 807. 30 11,582, 031. 00
1891
33, 204,177. 04 21,276,332.60
585, 901. 76
123,425. 55 11, 343, 243. 03
1892
28, 643,402. 79 28, 221, 983. 95
644, 606. 75
61, 044. 20 11,340, 885. 51
1893
32,803, 085. 28 30, 369, 505. 70
. 767,703.87
26,647.65 11, 387, 038.41
1894
60, 028, 085. 33 3L 883,131.15
860, 624.17
61, 236. 65 13, 604, 654. 93
1 8 9 5 . . . . - . - 40, 374, 030. 32 31, 625, 706. 66
690, 094.66
48, 774, 713. 30 29, 331, 636. 61
82, 669.45 28, 893, 499. 85
808, 507.13
1896
55, 567, 032. 90 36,525, 208. 00
57, 208. 70 19, 084,125. 58
1, 366, 304.33
1897
42,186, 863. 86 39, 921, 232. 75
1898
83, 747. 40 13,733,920.92
1,177, 595.79
24,730,838.15 49, 339, 819. 20
14,984,970.20
1899
84,399.50
1, 016, 521.41
28, 433, 009. 35 55, 877, 983. 30
78,30L35 11, 380, 978. 28
456, 009. 20
1900
Total.
$152,891, 855. 00
208, 955, 392. 00
241,591, 373. 52
212, 780, 335.81
157, 303, 622. 96
61, 255, 980.48
59,056, 468. 60
75,405, 581. 95
101,843,739.53
125,760,169.18
149, 931, 396, 90
130, 029, 625.12
87, 213, 269. 96
98, 246, 727. 42
88, 217, 860. 57
09,856, 022, 70
66, 813, 249. 70
68,976, 642.07
75, 342, 284.56
104,185,526.71
86, 355, 723. 22
107, 891, 026. 34
112, 599, 879. 51
97,103, 360. 72
90,156, 548.46
96, 226, 281.48
T o t a l . 1,321,900,984.00 797,134, 827. 68 6, 938,151. 25 433,161,166.27 366,854,815.27 2, 925, 989, 944. 47
•
•
N o . 9 3 . — D E P O S I T S , R E D E M P T I O N S , ASSESSMENTS FOR E X P E N S E S , AND TRANSFERS
AND R E P A Y M E N T S , ON ACCOUNT OF THE F I V E P E R C E N T R E D E M P T I O N F U N D OF
NATIONAL B A N K S , B Y F I S C A L YEARS.
Fiscal year.
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
Total
Deposits.
....
- -.-
Redemptions.
Transfers and
Assessments. repayments.
$140, 874, 563. 53
177, 485, 074.44
215, 580, 271. 83
205, 308, 371.37
156, 670,138.19
56,512,20L10
48,831,326.63
58, 041, 777. 64
76, 307, 727. 55
98, 883, 599.17
117,172, 640.18
103, 359, 393. 61
52, 522, 359. 27
43, 290, 223.72
44, 916,163. 37
36, 424, 560. 95
39,891,264.52
54, 440, 540.49
67, 792,199. 90
92, 574, 209. 40
76, 530, 065. 50
91, 565, 065. 77
107, 249, 310.44
83,511,779.36
75,885,139.10
78,354, 882.88
$130, 322, 945. 00
176,121,855, 00
214, 361, 300. 00
203, 416, 400. 00
152,455, 000. 00
54, 837, 600. 00
46, 844, 300.00
57,644, 500. 00
75, 452,100. 00
98,553,100.00
118, 745, 200.00
100, 794, 895.00
51, 261, 200. 00
43, 379,185. 00
44,491, 370. 00
35, 890, 235.00
40,199, 345.00
52,896, 015. 00
67, 612, 683. 50
90,957, 212. 50
74,907,472.50
90, 967, 815. 00
106, 608, 977. 50
81, 817, 265.50
73,982,227.50
74, 872,477. 50
$290,965. 37
365,193. 31
357, 066.10
317. 942.48
240, 949. 95
143, 728. 39
126,212.12
142, 508. 72
150, 611. 53
178, 579. 34
175, 522.15
160,611.15
135,180.53
139, 719. 98
129, 207.10
107, 719. 52
99, 014. 21
100, 037.31
104, 282. 49
107, 222. 51
IOO, 159. 28
114, 814. 32
125,971. 49
130, 417. 31
121, 420.28
2, 399, 974,855. 91
2, 359, 392, 676. 50
4,165, 056. 94
Balance.
$1, 000, 262.76 $9, 551, 355. 77
1, 634i 644.11
8,988,965.73
9, 059, 947.19
782, 797. 06
530,180. 92 10, 064, 671.54
580, 732. 28 13,381,134.97
789, 961. 25 14, 024, 824. 87
1,415, 570. 04 14,452, 553. 07
978, 047. 03 13, 745, 571. 56
1,136, 352. 83 13, 322, 337. 56
1, 314,180.15 12,188, 045.05
1, 077, 584,73
9, 359, 321.16
1, 552, 680.34 10,195, 617. 28
3, 327, 246. 34
7, 968, 919,06
1, 219, 495. 34
6, 525, 281.91
1, 390, 770. 35 5 419,584.95
504, 386. 92
5, 320, 316.88
432, 579. 69
4, 471, 937.19
220,172.90
5, 697, 275. 57
179, 507. 56
5,597,247.10
765, 070. 86
6, 344, 890. 65
510, 917. 34
7, 349, 343. 80
273, 425.83
7,573, 009.46
671, 838.92
7,426, 695.16
924,597. 79
8, 070, 639. 74
1,041, 481.13
8,801, 652. 90
1,021,916.07 11,140,721.93
25, 276,400.54
185
TREASURER.
N o . 9 4 . — D E P O S I T S , R E D E M P T I O N S , AND TRANSFERS AND R E P A Y M E N T S , ON ACCOUNT
OF NATIONAL BANKS F A I L E D , IN LIQUIDATION, AND R E D U C I N G CIRCULATION, BY
F I S C A L YEARS.
Fiscalyear.
Deposits.
Redemptions.
$44, 000, 00
648,171, 95
653, 220, 20
27, 732.00
96, 209. 60
1,473, 459. 25
474,701. 25
724,126,54
1, 434, 065. 96
586,535.00
855, 988. 25
598,104. 50
814, 870. 25
217, 008. 00
325, 562.50
975, 729. 25
452, 787. 50
634, 780. 00
837, 413. 00
885, 440. 00
297, 890. 00
581, 338. 00
217, 880. 00
126, 410. 00
410, 815. 00
306, 310. 50
857,409,50
I, 607, 768. 00
274, 293, 50
613,180. 50
1, 510, 952. 50
563,831.00
908,422.00
1, 275, 002. 00
$87,230.00
584,752. 65
419, 978. 90
122,227:60
104,159, 50
842, 369. 35
818, 627. 00
458, 510. 00
1,115, 693. 00
770, 818. 80
773, 915. 00
752, 497. 50
636, 613. 50
382,116.50
426,888.50
533,504.50
722,808. 00
625, 212. 00
703,785.50
608, 707. 00
406, 773. 50
437,793.20
418,974.50
284,455. 50
359, 278.50
328, 776.50
580,400. 00
1,172, 401. 00
754, 044. 00
786,163. 50
938, 538. 00
• 699, 340.00
548,111.50
687, 831. 50
22, 311, 407. 50
.
'
19, 893, 296. 00
37,490.00
92,198.25
112, 500. 00
758, 428, 00
. . .
2,920,861.00
- I 999 645 00
V
': 1,858,620.00
:• 2, 561,283. 00
3, 316, 721.00
2, 607, 643.00
.
1, 878, 016. 00
2,561,039.50
2, 569, 228. 00
I, 056,183. 00
1,281,961.00
7, 957, 752. 00
7,284,980.00
5, 015, 950. 50
12, 684, 354. 00
35, 202, 542.75
31, 435, 378. 25
25,539,318.10
3, 386, 676.00
I, 306, 313. 00
1, 682, 370. 00
1,364,448.50
1, 435,160. 50
3, 065, 486. 50
.
2, 596, 457.50
1, 853, 255. 00
. .
2,174,129. 50
3, 396, 559. 50
4, 669, 753. 00
2, 501,184. 00
5, 600. 00
17,427. 75
38, 430. 50
80. 527. 65
1,203,367.50
2, 531, 784, 55
2,423,151.00
915, 990.00
1, 974, 954. 00
2,509,456.50
2,405, 317. 00
1, 810, 752.00
1,554, 086.50
1, 058, 414. 50
1,144,906.40
1,769,756.00
4, 595, 593. 00
5, 746,173.50
7, 066, 226. 50
14, 637, 711, 00
17, 313, 545. 00
20, 717, 893. 25
17, 807, 773. 90
11, 327, 772. 00
8, 330, 876. 00
6, 212, 259. 50
4, 670, 673. 00
3, 871, 680. 25
3, 225, 443. 00
2,868, 828. 50
2, 808,411. 50
2, 502, 099. 00
3,088,015.00.
3,207, 666.00
17,757. 00
531, 900. 00
109, 793. 00
143, 596. 00
91, 229. 00
255,897. 60
21, 660. 00
9, 740. 00
600.00
66, 485. 50
29, 055. 00
43, 53.5. 50
33, 973. 50
73, 038. 00
82, 690. 00
13,066. 00
39,674.50
65, 202. 00
180,163, 885.35
161, 442, 561.75
2, 004,478.10
21,164, 854. 00
29, 300, 469.00
9. 985,065.00
7, 822, 019.00
21, 044, 412.00
21,871,623.00
624, 920. 00
401, 266. 00
619, 652.00
..
•
.
.
.
.
.
Balance.
.
FAILED.
1867
1808
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
J 900
Transfers and
repayraents.
.
-". . .
.
.
.
.
.
•
. . .
.•
.
.
Total
^
$99, 323. 00
83, 445. 00
36, 930. 66.
25, 020. 00
1, 810. 00
450. 00
56,230. 00
6, 352. 00
$20,189. 30
253, 430. 60
158, 935. 00
150, 985.10
782, 075. 00
438,149. 25
703,765. 79
I, 022,138. 75
837, 854. 95
919, 928. 20
765, 535.20
943, 791. 95
778, 683.45
677, 357. 45
1,119,582.20
849, 561.70
859,129. 70
893, 434. 20
1,170,167 20
977, 838. 70
1,121,383.50
920, 289.00
762, 243.50
813, 780, 00
754, 384.00
1, 031, 393, 50
1, 466,760. 50
987, 010, 00
789,007.00
1,359,611.50
1, 223, 652.50
1,527,733 00
2,108,551.50
309, 560. 00
. IN LIQUIDATION,
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
.
.
.
.
. . .
.
:
..:
Total
900.00
2, 000. 00
29, 662. 00
163, 429. 50
179, 594. 00
31,890 00
106,660.50
180,730 00
858, 630. 35
2, 576,123. 85
2 043 984 30
I,479 453 30
3,123, 846. 30
4, 463, 613. 30
4 561,799 80
4, 004, 836. 80
4, 591, 694. 80
5,427, 242. 30
5,425 010 80
5, 562, 065, 40
11, 732, 304. 40
14,421,691.40
13,159 568.40
18, 667, 902. 90
39, 089,138. 65
53,119, 742. 90
57,685,270. 15
43, 242, 512. 25
33 211 313 25
26, 562, 207. 25
21, 647, 900. 75
18, 383, 343. 25
17, 533, 614. 00
16,870, 655.00
15, 782, 043. 50
15, 065, 071.50
15, 946, 466. 00
17, 488 529 50
16, 716, 845.50
EEDUCING C I R C U L A T I O N .
1875
1876
1877
12, 717, 915. 00
20, 572, 706.00
8,066, 596.00
186
REPORT ON THE
FINANCES.
N o . 9 4 . — D E P O S I T S , R E D E M P T I O N S , AND TRANSFERS AND R E P A Y M E N T S ON ACCOUNT
OF NATIONAL BANKS F A I L E D , I N LIQUIDATION, AND R E D U C I N G CIRCULATION, BY
FISCAL YEARS—Continuod.
Fiscal year.
Deposits.
Redemptions.
Transfers and
repayments.
Balance.
REDUCING CIRCULATION—continued.
. .--
..
-
Total
,$9, 446, 626. 00
$6, 080, 650, 00
5, 866, 001.00
7,222,805.00
4, 961, 385. 00
13,042,896,00
10,773,004.00
26,063, 959. 00
14, 505, 346.00
15,522,365,00
18, 233, 878. 50
16, 200, 398.00
20, 486, 304. 00
25, 389, 470. 00
20, 692, 213. 00
17, 927, 785. 00
14,311,170.00
16, 514, 285. 00
44, 396, 630. 00
19, 647, 970.50
20,400, 030. 00
29, 008, 271. 00
29, 578, 580. 00
28,159, 373. 50
10,217,387,00 . 22,021,661.50
16, 638, 873.00
8, 049,130. 00
9, 691, 685.00
1,489, 448. 00
3,786, 578.50
826, 929. 50
5,885, 454. 50
12,144, 227. 50
9, 088, 882. 00
9,346,995.50
7, 568,158. 00
3, 659, 307.00
7, 345, 406. 00
12,324,430.00
12, 789, 021. 00
18, 800, 530. 00
13,013,149.00
18,121, 441. 00
14, 014, 295. 50
14, 626, 460. 00
• $260,337.00
572, 060. 00
172, 61L 00
1,517, 446. 00
3,719,612.00
1, 284, 705. 00
440, 400. 50
3, 550, 000. 00
1, 248, 710. 00
842,723. 00
2,140, 905. 50
677,061.00
438, 258. 00
413, 655. 00
78, 953. 50
152,864.50
136,163. 00
127, 600. 50
62, OOL 00
476, 042.00
722,434. 50
1, 630, 201. 50
1, 090, 802. 00
408, 396, 526. 50
1878
1879
1880
1881
1882 • .
1883
1884
1885"
3880
1887
1888
1389
. .
1890
1891
1892
. . ..
1893
1894
1895
1896
1897
1898
1899
1900
368, 672, 660, 50
23,401,384.50
81, 490. 00
740, 370. 20
765, 720. 20
786,160. 00
3, 017, 070.60
3, 473,104. 25
2, 333, 321. 25
3, 285, 409. 54
25,915, 640. 96
32, 494, 647. 00
12,719,069.25
9, 239, 794. 00
10, 606, 903.25
14,316,087.00
27, 671, 482. 50
24, 455, 846. 25
23, 938.165. 50
31, 040, 200.50
31,449, 552. 00
52, 602, 267.75
76,129, 898. 25
46, 520, 686.10
33,183,136. 00
11,650, n o . 00
10,142, 315. 00
3,160, 207. 00
3,119,499.50
16, 817, 482. 00
12, 217, 746. 50
6,125, 742, 50
" 16,009,512,00
22, 760, 920. 50
23,699,616,00
• 18,402,646,00
92, 830, 00
602,180.40
458, 409.40
202,755,25
1, 307, 527.00
3, 374,153.90
3,241, 778. 00
I, 374, 500. 00
10,912, 666.00
24, 324, 687. 30
25, 050, 755.00
12i 009, 875. 50
8, 056, 701. 00
6,401, 916.00
12,344,798.90
16, 808, 606.50
23, 552, 279. 50
26, 857, 689, 50
28,462, 225,00
29, 557, 588. 00
37, 368, 289. 00
50,163, 957.45
46, 386,121.90
33, 633, 889. 00
25, 329, 027. 50
16, 232, 721. 00
9, 037, 651. 50
10, 929, 535.75
13, 068, 369. 00
11, 223,150. 00
11, 092, 355.50
15,990, 460. 00
16, 649, 275.50
17, 909,793.00
900. 00
626, 920.00
401, 266. 00
649,314.00
423, 766. 50
751,654.00
172,611.00
1, 517, 446.00
3, 737, 369. 00
1,284, 705.00
972, 300. 50
3,759,116,00
1,392, 306.00
1, 017, 397.00
2, 396, 803.10
698, 721.00
447, 998. 00
414,255.00
182, 369. 00
181,919. 50
179, 698.50
161, 574. 00
160, 059. 00
560, 542.00
735, 950. 50
1,726,106.00
1,162, 356. 00
610, 871, 819. 35
550, 008, 518. 25
25,715,422.60
$4, 440, 283.00
5 225 027. 00
13,133,927.00
26,907,436. 00
24, 204, 843. 00
20, 886, 657. 50
25, 349,423. 00
19, 034, 995.00
19, 989, 400.00
43, 895, 336. 50
33,146,190.00
33, 888, 335.50
21, 645, 803. 00
12 642,405.00
4, 361, 214. 50
1,248,701.00
7, 371, 311. 00
7, 501,824. 00
3, 530, 972. 00
8, 033, 954. 00
13, 323, 028. 50
16,80L119.00
16, 322, 481. 50
AGGREGATE.
1867.
1868
1869...
1870.
1871
1872
]873
1874.
3875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889.
1890
1891
1892
1893
1894
1895
1896
]897
1898
1899
1900
. "
. .
'.
-•
Total
.
•
126, 849. 80
434,160.60
1, 017, 565. 35
2, 727,108.95
2, 826, 059,30
1,917, 602.55
3, 827, 612. 09
18, 203, 667. 05
25,972, 360. 75
12,991, 361, 00
9, 797, 513.00
11, 596, 061. 25
19, 337, 621.25
33,146, 858.85
37, 056, 729, 6C
36,157, 910.6C
39, 368,121. IC
38, 596, 332. IC
60, 248, 705. 8E
97, 992,918. IC
91, 952, 843. 61
78, 051,136.11
55, 619, 359.11
40, 018, 392. 2J
26, 763,500. 2t
20, 663,437. 7J
26, 371, 685. 5(
25, 359, 489.0(
20,102, 022. 5(
24, 458, 637. 0(
30,493,147.0(
35, 817, 381. 5(
35,147, 878. 5<
187
TREASURER.
No.
9 5 . — E X P E N S E S I N C U R R E D I N T H E R E D E M P T I O N OF NATIONAL-BANK
BY F I S C A L Y E A R S .
h r g e for
F i s c a l y e a r . t r Cn sap o r tsa t i o n .
a
Salaries.
1875
1870
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891..
1892
1893
1894
1895
1896.
1897
1898
1899
1900
$88,098.31
159,142. 84
189, 362. 05
173,420. 60
98, 298. 75
34,764. 24
33,843.86
39, 203. 31
57,190. 86
68, 684.11
85, 255.48
74, 490.52
48,020.53
51, 529. 76
42,413.56
19, 862. 65
18, 536. 54
19, 305. 54
23, 231. 70
24,271.41
21, 035. 82
32,518.93
44,518.50
34, 337. 93
30, 725. 56
31, 767. 33
$a58, 227. 39
188, 018. 94
150, 695. 68
136, 580. 63
133, 956. 27
104, 350. 08
89, 564. 72
87, 593. 56
86, 213. 35
88, 426. 79
93, 371. 82
89, 065.18
87, 450. 54
86,232.40
85, 974. 55
83. 841. 30
78, 989. 85
77,131.13
• 77,840.12
77, 790.01
•76,411.97
77,766. 54
77,977.62
87,183. 64
87,161.01
86, 986. 30
1, 543, 830. 69
2, 554, 801.39
..
Total.
No. 96.
Stationery,
printing, and
binding.
Contingent
expenses.
$12, 290. 72
9,174. 68
10,422, 40
. 5, 750. 32
5,491. 82
3, 666. 98
2 271 87 1
2,341.93
3, 291. 95
3, 069. 75
2, 784. 96
4, 354. 54
2, 484. 32
3, 268. 22
2, 064.16
3,157.53
1, 671. 00
3,553.54
1,700. 21
4, 227. 71
2,173.41
2, 825. 97
2,51.5.92
3, 387.11
1, 906. 34
3, 561. 94
103, 469. 30
$32, 348. 95
8, 856. 85
6, 585. 97
2,190. 93
3,203.11
9 4 7 . OQ
531 67
390.58
896.11
716. 00
444. 90
333.11
i,on.6i
i n . 10
738. 40
981. 91
169.13
603. 49
260. 93
1,156. 01
731. 59
974. 19
49.69
1, 015. 67
1,438. 49
669.19
67, 356. 67
NOTI':S,
K a t e of
expense p e r
$1,000.
Total.
$290, 965. 37
365,193. 31
3.57, 066. 10
317, 942.48
240, 949, 95
143, 728. 39
126, 212.12
129, 529. 38
147, 592. 27
160, 896. 65
181, 857.16
168, 243, 35
138, 967, 00
141,141, 48
131,190, 67
107, 843. 39
99, 366. 52
IOO, 593. 70
103, 032. 96
107, 445.14
100, 352. 79
114, 085. 63
.125,061.73
125, 924. 35
m , 291.40
122, 984. 76
$2.2326
2 07352
1 66572
1 56301
1 58
2.62098
2 6942
I 80416
1.55634
I. 31978
1 257
I 3091
I.58644
I.52297
I 4549
1;5616
I 52757
I.46339
1.35518
I. 06599
1 15
1.125
I. 0701
1. 29646
1 34611
1.33558
4, 269, 458. 05
- G E N E R A L C A S H ACCOUNT OF T H E NATIONAL-BANK R E D E M P T I O N A G E N C Y
FOR T H E F I S C A L YEAR 1900, AND FROM J U L Y 1, 1874.
For fiscal year. From July 1,1874,
DR.
Balance from previous year
National-bank notes received for redemption
*' Overs "
$2, 942, 705, 735, 96
349, 642. 62
100,200,147,97
Total
$3, 209, 447.84
96, 982, 607. 88
8, 092.25
2, 943, 055, 378.58
25, 620, 660. 00
66, 916, 238. o
O
111,699.00
748, 219. 90
124.70
1, 706. 00
2, 682. 25
11, 685. 80
6, 787,132. 32
1,071,348,631.00
1, 713, 419, 215. 60
134, 434, 965. 55
16, 473, 407. 31
84, 470. 86
79, 311. 60
118,105. 47
.310,138. 87
6, 787,132. 32
100, 200,147. 97
2, 943,055, 378. 58
CR.
JSTational-banlc notes forwarded to banlcs of issue
National-bank notes delivered to Comptroller of the Currency
Moneys deposited iu Treasury
Packages referred and moneys returned
Express charges deducted
Counterfeit notes returned
Uncurrent notes returned or discounted
"Shorts"
Balance to next year
Total
188
REPORT ON THE F I N A N C E S .
N o . 9 7 . — A S S E T S AND L I A B I L I T I E S OF THE F I V E P E R C E N T REDEMPTION F U N D
OF
NATIONAL
BANKS
AT T H E
END
OF EACH
MONTH,
Assets,
Month.
1874—July
August
September .
October —
November..
Deceuiber..
1875—January
February ..
March
April
May
June
.July
August —
September .
October . . .
November-.
December..
1876—January...
February..
March
April
.May
June
July
August
September
October . . .
November.
December .
1877—January...
February ..
March.
April
May
June . . . . . .
July
August .-..
September
October . . .
November.
December .
1878—January-..
February .
March
April
May
June...—
July . . . . . .
August . . .
September
October . . .
November.
December .
1879—January...
February .,
March
April
,
May
June
• July
August . . .
September ,
October . . .
November.
December ..
1880—January
February ..
March
,
April
May
June
July
August
September .
October - . .
November..
December.,
1881—January
On deposit National- Expenses!
bank notes
in
paid.
Treasury. on hand.
), 634,749
4, 211,847
3, 695, 879
3, 776, 909
3,006, 838
3,943, 558
5,470, •226
2,691,907
1, 235, 789
4, 281, 996
1,138, 868
3, 024,183
3, 006, 589
1,756,953
1,454,036
2,616, 489
563, 993
4, 506, 905
5, 078, 201
3, 294, 238
193, 042
893,238
2, 033, 430
1, 027, 683
987,135
1,725, 210
3, 849, 276
857, 055
3, 645, 418
3, 682, 964
304, 852
2, 870, 927
3, 294, 225
2,616, 288
4,088, 382
S, 454,107
3, 697, 995
4, 245, 991
7, 207,331
8, 657, 284
5, 350, 007
2, 531, 041
L 717, 350"
1, 518, 582
3, 932, 528
5, 499, 882
10,374, 810
9,767,217
10,078, 816
8,566, 290
6, 912, 214
9, 594, 059
8,917, 987
7,184,993
9, 498, 337
10,352,098
11,820,000
12, 249, 355
13, 359, 631
13,466, 357
13, 846, 955
11, 345, 566
12, 888,980
13, 846,256
12,597,829
10, 792, 246
10, 847, 634
12,401,846
12, 932,676
12,867,063
12, 485,961
12, 660, 902
12,231, 728
10,772, 382
FROM
JULY,
1874.
Liabilities..
Total.
To national
To
On other
Treasury. accounts.
banks.
1 886, 259
,
$3, 375 $16, 524, 383 ^16, 524, 383
, 316, 311
17, 327, 651
17, 274, 485
11,340
i 868, 438
,
16, 889, 400
20, 962
14, 853, 996
I 822, 087
,
15, 069, 792
15,069, 792
35, 858
. 606,911
,
15,366, 268
63, 478
15, 366, 268
, 894, 841 • 87,337
15, 759, 087
15,759, 087
, 590, 362 108,140
14, 705, 340
14,705, 340
I 351,681
,
13,425,172
129, 933
13, 425,172
\ 933,163
14, 574, 080
170, 691
14, 574, 080
, 021, 435 191, 864
13, 905, 206
13,905,206
1 265, 976 214, 319
,
13,716, 084
13,716, 084
I 036, 902 232,458
,
9, 551, 356
9, 551, 356
I 956, 300 253, 007
,
12, 348,175
12, 348,175
I 640, 789 290, 802
,
13, 955,774
13, 955, 774
, 131,135
33,800
14,171,524
14,171, 524
, 886, 368
13, 677,121
13, 677,121
33,800
! 098, 962
,
13, 618,442
13, 618, 442
65, 444
I 314, 865
,
12,996, 798
12,996, 798
65, 444
,197,014
11, 841, 090
11,841,090
80.083
; 621,199
,
13, 208,187
80, 083
13, -208,187
, 981, 222 122, 823
13,182, 246
13,182,246
» 768, 707 122, 823
,
13,185, 768. 13,185,768
,414, 602
II, 745, 530
137, 886
11,745, 530
, 942, 539 153,189
8, 988, 966
8,988,966
, 135, 521 153,189
II, 288, 710 11, 216, 451
I 318, 551 153,189
,
12,505,170
12, 505,170
I 944, 348 236,874
,
11, 208,905
11, 208, 905
. 485,783
,
11, 879,118
12, 472, 918
' 380, 386
,
11, 105, 596
10, 690, 696
1 496, 202
,
12, 345, 478
11, 448, 678
I 014, 358
,
10,929,045
10, 592, 345
57, 632
! 030, 998
,
11, 734, 048
•57,632
11, 377, 548
, 502, 403
11, 242, 999
57, 632
11, 018, 099
I 545, 077
,
10,930,890
80,961
10,859, 090
I 867,761
,
80, 961
10, 521,883
10, 948, 722
,505,312
116,142
9, 059, 947
11, 621, 454
1 062, 978
,
116,142
11, 050, 047
10, 383,947
S 036, 075
150,696
12,480, 996
12, 217, 596
1,115,866
11,732,154
11, 351, 054
1 282, 606
,
12,221, 388
12, 370, 988
! 841, 670
,
12, 295, 777 .12,142,777
I 235, 929
,
12,743, 524
12, 933, 924
' 435, 996
,
11,455, 657
11, 716,457
34,470
), 758,993
13, 000, 794 12, 984, 094
34, 470
: 442, 508
,
13,168, 293
68, 501
13,162,493
' 517, 263
,
12,935,771
68, 501
12, 934,271
1,150, 626
68, 501
11, 750,168
11, 690, 868
1,410, 849
10,230,772
10, 064,672
I 453, 375 102, 573
,
ll,074,530
10, 986, 330
1,131, 252 102, 573
12,166, 353
11,976,853
• 315, 451 102, 573
,
12, 841,706
: 730, 844 • 102, 573 12,917, 906
,
14,243,434
137, 780
14, 239, 834
! 859,742
,
13,946, 101
13,941,391
1 659, 359 319,142
,
13, 739, 375
1,200
13, 737,165
: 868, 994
,
13,436,484
1,200
13,418,374
1 032, 581
,
12, 950, 358
35,673
12, 980, 468
1,981, 014
13, 610,746
13, 598,636
35, 673
. 728, 268
,
13, 681,928
13,678,918
35,673
. 713, 568
,
69,901
• 12,968, 462 12, 947, 952
1 784, 589
,
13, 386, 345 13,381,135
; 843, 250 103,419
,
14,296,957
103, 419
14, 298, 767
,742,211
14, 665, 630
14, 665, 020
; 826,197 103,419
,
15,316, 502
i 341, 702 240,950
,
15, 316,187
1,287, 637
15, 701, 333
15, 701, 018
,231, 329
15, 753,994
15, 753, 678
: 212,434
,
16, 077, 968
16, 078, 284
1,432, 711
15, 557, 684
15,558,000
,967,037
15,347,487
15,351, 452
29, 761
, 821, 553
,
15,842,589
15,843, 054
29, 761
: 057,683
,
15, 448, 678
15,449,143
29, 761
,097,984
14, 879,225
29, 761
14, 879, 690
, 833, 695
,
14, 024,825
79, 672
14,025, 290
! 596,152
,
15,314,748
79, 672
15, 315, 213
,548,125
15, 608, 500
79,672
15, 608, 035
i 860, 875 143, 728
,
15, 558, 916
15,558,451
,735,710
15,490, 564
15,490, 099
143, 728
, 060,916
15, 540, 340
15,539,875
143, 728
: 200,433
,
15,292,644
15,292,179
14, 972, 815
14,972,350
$53,166
2, 035, 404
24, 539
1, 789,107
189
TREASURER.
No.
9 7 . — A S S E T S AND L I A B I L I T I E S OF T H E F I V E P E R C E N T R E D E M P T I O N F U N D
OF NATIONAL BANKS AT T H E E N D OF EACH M O N T H , ETC.—Continued.
Assets.
Month.
1881—February ..
March
April
'. -.
May
June
July
August —
September .
October —
November..
D e c e m b e r ..
1882—January
F e b r u a r y ..
March
April
May
June
July
August —
September
October . . .
November..
December..
1883—January . . .
F e b r u a r y ..
March
April . . . . . .
May
June
July
August
September .
October —
November..
December..
1884—January . . .
F e b r u a r y ..
March .
A p r i l . -•
June
July
August
September .
October —
November..
December..
1885—January . . .
F e b r u a r y ..
March
April
May
June
July
August . . .
September
October...
NovemberDecember 1886—January . .
February .
March
April
May
June
July
August...
September
October. -.
NovemberDecember.
1887—January...
February .
March
April
May
June
July
Liabilities.
On d e p o s i t Nation alb a n k notes E x p e n s e s
in
paid.
on hand.
Treasury.
840,589 $3, 202, 787
3, 341, 908
329,162
727, 047 4, 272, 966
753,083
4,815,459
564,021
2, 844,107
703,340
3, 376, 458
255, 051 3,122,964
110,932
3, 619, 908
820,144
3, 426, 427
656, 560 3, 578, 399
264,338
4, 420, 111
312,142
5, 609, 086
616, 550 4, 398, 409
420, 393 3, 550, 883
496, 454 4,155,117
426, 406 5, 075, 466
053, 699 3, 630, 989
389, 795 5, 387, 746
662, 335 5,487, 246
919,900
6, 088,107
294, 697 5, 026, 572
889,437
4, 805, 480
819,194
5, 727, 426
412, 681 8, 642, 768
173, 462 5, 547, 304
994,155
3, 645, 595
839,548
5, 358,170
527, 363 7,120, 471
761,107
6, 562, 944
683,417
7, 013, 786
160, 457 4, 609, 862
239,568
5, 022,175
800, 696 5, 078, 991
290, 289 5, 493, 433
438, 684 7, 395,132
12,201,941
409, 856 9, 897,167
883,430
6, 044, 669
911, 360 8,150, 646
6, 019, 787
543,713
6, 861, 741
345,086
687, 479 8, 689, 966
586, 050 9, 364, 216
820, 009 8, 338, 791
8, 012, 753
078,522
8, 012, 482
527,717
281, 582 7, 872, 536
11,513,180
519, 762 7, 593, 356
376, 994 5,176, 931
389,106
5, 972, 032
260, 643 7, 312, 602
043,140
6, 791, 088
095,306
5, 309, 882
717,545
4, 799, 879
718, 232 3,542, 398
280, 933 3, 996, 398
198, 023 3,487, 306
3, 508, 868
178,824
448, 906 8,104,137
030,953
6, 323, 972
434,915
3,175, 794
450, 900 3, 537, 361
679, 892 4, 619, 666
364, 061 3, 840, 402
609, 658 3, 524,910
294, 550 2, 655, 239
797, 697 1,917,975
209,312
2. 992, 810
281, 699 2,348, 558
2, 785, 270
514,453
816, 650 4, 309, 913
637,684
2, 854, 640
259,492
2, 357, 856
022,572
3,164, 234
297,250
3, 552, 009
774, 775 2,165,540
880, 724 2, 868, 303
$44, 890
44,890
44, 890
67,321
67,321
67, 321
67, 321
21, 790
21, 790
21, 790
43, 944
43,944
65,848
65, 848
65, 848
87, 593
21, 323
21,323
21, 323
21, 323
21, 323
21, 323
21, 323
86,213
86, 213
147, 592
44,174
44,174
44,174
44,174
66, 240
88, 427
88,427
88, 427
101, 373
22, 986
22, 986
22, 986
46, 432
46, 432
. 69, 902
93, 372
93, 372
93, 372
22, 654
22, 654
45, 232
67, 020
67, 020
67, 020
89, 065
89, 065
89, 065
89, 065
20, 965
20, 965
20,965
42,931
42, 931
65, 463
65, 463
To national
banks.
$14,043, 376
14, 671, 070
15, 044, 903
14, 613, 432
14,453, 018
15,147,119
15, 445, 336
15, 798,161
15, 313, 892
15, 234, 959
15, 684, 449
14, 943, 018
15, 036, 749
14,993,066
14, 695,515
14,545,816
13,750,536
14,843,389
15, 215, 429
15, 095, 600
14, 321, 269
14, 694, 917
14, 546, 620
14, 076, 772
13, 742, 089
13,661,073
14, 219, 041
13, 669,157
13, 345, 374
13,718, 526
13, 856, 532
14,347,956
14, 027, 279
13, 783, 722
13,833,816
12,201,941
12, 307, 023
12, 972, 273
13,106,180
11, 607, 674
12,251,001
12, 443, 685
13, 038, 693
12, 247, 227
12,179,702
11, 641, 572
12,154,118
11,513,180
11,136,104
11, 576, 911
10, 384,124
10,619, 677
9, 880, 660
11, 475, 090
11, 610, 796
12, 354, 002
12, 370, 703
12, 685, 329
11, 687, 692
10, 553, 043
10,377, 579
10, 633, 363
11, 033, 493
10, 366, 578
10, 271, 483
10, 201, 588
11, 038, 854
10, 804, 737
10, 291,187
9, 719, 322
9, 299, 723
8,147,528
8, 513; 289
8, 638, 313
8,229,737
7, 892, 250
8,005,778
7, 814, 490
, 042,
, 670,
, 042,
,599,
:, 452,
s 1^5,
> 444.
,
', 797,
,313,
., 234,
I, 666,
:, 909,
> 029
,
,991
, 695,
, 542,
., 745,
:, 841
i, 212,
I, 078,
:, 299,
,661
:, 529,
, 033,
., 664
;, 637,
, 178,
;, 625,
;, 322,
,685,
;, 820,
, 330
, 009;
,766.
,812,
,812,
, 153,
,916,
,, 062:
,430,
:, 188,
;, 361,
I, 943,
.,131
1, 075,
,549!
!, 044:
,013:
\ 945,
,493,
I, 304:
S 404,
I, 359,
, 405,
,544,
I, 30i:
I, 290,
I, 659,
, 643:
1,474,
I, 243:
I, 563,
,990,
I, 305,
,195,
,150,
, 995,
', 772,
, 254,
,682,
', 271,
i, 095,
:, 465,
:, 603,
i, 192,
, 855,
, 968,
, 781,
To
On o t h e r
Treasury. accounts.
$218, 772
465
1, 965
13 665
465
2,065
465
465
465
465
18,265
33, 765
6,765
1, 365
465
3,165
4,965
1,465
2,465
17, 592
22, 084
33, 248
17, 111
43, 583
77,885
23,137
40, 783
43,771
23, 037
32, 937
.35, 737
17, 637
17, 637
16, 837
21,465
170, 377
153, 327
55, 427
43, 768
177, 523
62, 956
82, 056
94, 756
115,456
104,156
91, 729
109,788'
829, 033
190, 747
83, 714
80, 084
215,174
521,339
69,939
.66, 639
52, 239
80, 059
25, 771
44, 013
78, 859
134, 238
70,263
43, 023
60, 736
75, 866
50, 769
43,184
32, 464
36, 785
37, 075
27,740
51, 902
•47, 982
35,113
37,596
36, 529
36, 859
33,079
190
REPORT ON THE FINANCES.
N o . 9 7 . — A S S E T S AND L I A B I L I T I E S OF T H E F I V E P E R C E N T R E D E M P T I O N F U N D
OF NATIONAL BANKS AT T H E E N D O F EACH MONTH^ ETC.—Continued.
Liabilities.
Month.
On deposit Nationalbank notes Expenses|
in
paid
on hand.
Treasury.
1887—August . . . $4,728, 967 $3,135, 413 $87,451
4, 797, 848 2,764, 223 138, 967
September
3, 751, 309 4, 001,162
October...
4, 660, 936 3,013.462
Noveniber
21, 298
2, 779, 350 4, 755, 341 21,298
December.
1888—January . .
21, 298
7, 685,489
419, 742 6, 222, 777 21,298
February .
2, 071, 397 5, 069, 966 21, 298
March
42, 738
1, 093, 564 5, 589,183
April
159, 846 6, 449, 041 64, 273
May
64, 273
6,770, 380
June
8, 054, 638 64, 273
July
7, 741, 716 64,273
August . . .
734,749
5, 829, 659 86, 232
September
2, 449, 770 3, 930, 070 86,232
October . . .
86, 232
3,467,565 3.114, 398
Noveraber.
2, 540, 692 3, 724, 723
Deceuiber .
239, 642 5,130, 032
1889—January . .
20, 936
2, 777, 833 3.115, 035
20, 936
February .
March . . . .
3, 324,123 2, 717, 815 42, 709
2,710, 653 3, 220, 496 42, 709
April
42,709
May
-.
866,105
4,448, 966
1, 472, 579 3, 959, 219 64, 467
June...--2, 088, 687 3, 471, 822 64, 467
July
1, 465, 624 4, 436, 825 64, 467
August . - .
2,069,617
3, 706, 080 85,975
Septeniber
574, 713 5, 062, 948 85, 975
October . . .
1, 505, 714 4, 026, 241 131,191
Noveniber.
1, 246,173 4, 367,102
December.
6, 029, 508 21, 221
1890—January . .
21, 221
1, 052, 718 4,197,153
February .
1,703,932 3, 834, 208 21, 221
March
42,190
1,644,734
3, 806,834
April
42,190
1,165, 590 4,128, 493
May
1,173, 931 4, 203, 262 42,190
June
63, 020
938, 907 4,713,320
July
625, 237 4, 935, 522 63, 020
August ..".
83, 841
763, 746 4,505,712
September
1,894,510 3, 549, 663 83, 841
October . . .
2, 028, 288 3, 285, 337 107, 843
November
2,118, 241 3, 277, 840
December.
6,181, 625
19, 739
1891-January...
4,845, 746
19, 739
171,049
February .
19,739
1, 690, 598 3, 302,465
March
1,551, 728 3, 953, 555 19, 739
April
,
May
5, 003, 448 39, 536
June
5, 542, 271 59, 212
5, 801, 051 59, 212
July
6, 649, 700 78, 989
August . . .
5, 589, 043 78, 989
Septeraber
5, 595, 200 78, 989
October - - .
November.
655, 846 4, 673, 987 99, 366
December.
1,178,753 4, 550,533
1892—January...
5, 833, 636 19,171
February .
877,347
4, 687, 590 19,171
March
1, 956, 080 3, 802, 554 19,171
April
1, 621, 397 4, 292, 481 19,171
May
481, 675 4, 952, 287 38,506
June
,
623,913
5, 232, 044 38, 506
38, 506
July
5,786,149
August . . .
6, 503, 472 38, 506
77,131
September
7,526, 222
October . . .
6, 968, 821 77,131
77,131
November..
5, 695,211
December .
10, 386 5,899, 697
1893—January...
7,593,744
200
February ..
383, 217 5, 437, 804
200
March..'
2, 069, 709 3, 692, 528
365
April
802, 224 4, 945, 410
365
May
300, 926 5,119,181
38, 881
June
1, 948, 881 3,858,371
38, 881
July
3,158,476
3, 512, 581 58, 447
4, 327, 277 2, 991, 630 58, 447
August
Septeinber .
511, 390 7, 561, 305 58,447
October . . .
11,258,335
77, 840
12, 634, 770 77,840
NoA'-eraber..
12,112, 475
Deceinber..
19,400
14, 288, 804 19, 400
1894—January
12,469, 240
February .
.
19, 400
for FRASER
Digitized
Total.
To national
banks.
$7, 951, 831 $7, 917,247
7, 701, 038 7, 664,116
7, 752, 471 7, 720, 340
7, 695, 696 7, 064, 045
7,555,989
7,523,372
7, 706, 787 6, 058, 560
6, 663, 817 0, 588,129
7,162,661 . 7,095,905
6,725, 485
6, 034, 753
6, 673,160
6, 524, 761
6, 834, 653 6, 525, 282
8,118,911
6,408, 322
7,805,989
7, 089, 467
6, 650, 640 6, 574, 827
6,466, 672
6, 384, 492
6, 668,195
6, 633, 591
6, 265,415
6, 225,541
5, 390, 610 5, 257, 749
5, 913, 804 5, 840, 598
6,084,647
6,040,180
5, 973, 858 5, 935, 225
5,357,780
5, 249, 520
5,496, 265
5,419,585
5, 624, 976 5, 566, 486
5,966,916
5,911,276
5, 861, 672 5, 803, 542
5, 667,026
5,723, 636
5, 623, 648
5,663,146
5, 564,197
5,613,275
6, 050, 729 5,051, 510
5,135, 718
5, 271, 092
5, 559, 361 5,459, 370
5, 493, 758 5, 422, 628
5, 336, 273 5,245, 967
5, 320, 317
5,419, 383
5, 715, 247 5, 653, 702
5, 543,974
5, 623, 779
5, 353, 299 5, 244, 089
5,479, 044
5,528, 014
5, 421, 468 5, 372, 208
5, 328, 687
5,390, 081
6, 201, 364 4, 724, 349
4, 874, 565
5, 036, 534
5, 012, 802 4, 887,172
5, 525, 022 5, 432, 273
5, 042,984
4, 497,975
5,601,483
4,471, 937
5,030,539
5, 860,863
6, 728, 689 5, 847, 401
5, 746, 748 5, 610, 854
5, 674,189
5, 527, 753
5, 429,199
5,189,961
5, 729, 286 5,527,105
5, 852, 807 5, 221, 208
5, 584,108
5, 376, 084
5,777, 805
5,604,158
5, 933, 049 5, 824,178
5, 472, 468 5,311,106
5,894, 463
5, 697, 275
5, 824, 655 5,569,987
6, 541, 978 6.132,418
5, 933, 649
7,603,353
7, 045, 952 5, 910, 346
5, 440, 473
5,772, 342
5,586,966
5,910,083
7, 593,944
4, 956, 774
5, 821,221
5,551,109
5, 762, 602 5,470, 555
5,747, 999
5, 436, 356
5,458, 988
5, 076, 930
5, 846,133
5, 597, 247
6, 729, 504 6, 549, 612
7, 377, 354 7,121,743
8,131,142
7, 865, 336
11, 336,1.75
5, 978, 021
12, 712, 610 5,437, 663
12.131, 875
6, 234, 853
14, 308, 204 5, 639, 628
12, 488, 640 6,152,872
To
On other
Treasury. accounts.
$953,579
194, 630
1,611,906
668, 239
1, 276, 439
392,139
868, 974
666, 603
743,193
21,172
'385,'890'
21,756
232, 704
1, 446, 572
925, 430
48,729
2,124, 585
4, 452, 354
6, 492, 488
5,456, 464
8,192, 701
6, 000, 861
191
TREASURER.
N o . 9 7 . — A S S E T S AND L I A B I L I T I E S OF T H E F I V E P E R C E N T R E D E M P T I O N F U N D
OF NATIONAL BANKS AT T H E E N D O F EACH M O N T H , ETC.—Continued.
Liabilities.
Month.
1894—March
April
May-.....June
,
July
August - . September
October - . .
Noveraber.
December .
1895—January...
February .
March.."...
April
May
June
July
August . . .
Septeraber.
October . . .
November.
Deceraber .
1896—tl anu a v y . . .
February .
March
April
May
June
July
August . - Septeuiber
October . . .
Noveraber.
Deceraber .
1897—January...
February .
March
April
May
June
July
August . . .
September
October . . .
November.
December.
1898—January...
February .
March
April
May
June
July
August . . .
Septeraber
October . . .
November.
December .
1899—January...
February .
March
April
May
June
July
August . . .
September
October . . .
November
December.
1900-- J a n u a r y . . .
February .
March "...
April
May
June
July
August
September
On deposit Nationalbank notes Expenses|
in
paid.
Treasury. on hand.
|$10, 565, 388
8,436,696
7, 089, 222
6,132,120
$523, 879
2, 487, 080 4, 548, 448
2, 467, 236 5, 296, 814
2, 522, 309 4, 867, 050
2, 673, 835 4, 816, 021
3, 294, 662 3,955, 321
2, 593, 619 4, 556,187
6,105,143
616, 591
2, 248, 754 5, 004, 609
2,864, 740
4,103,436
2, 653, 891 4, 609, 610
4,661,091
2, 789,453
3, 214, 277 4, 203, 973
2,188, 940
5, 259,121
1,001,502
7, 257, 996
2, 025, 271 5, 530, 709
1,949,265
6,114, 490
1, 787, 810 5, 858, 829
721,140
6, 618, 573
9, 955, 683
7, 993, 630
1, 274, 249 6, 515, 076
7,114,472
699,146
9, 445, 926
9, 967, 391
11,613, 348
13,376,890
12, 519, 928
12, 586, 958
12,515,246
13, 735, 345
16, 906,136
14, 768,457
11, 074,148
8, 292, 970
6, 717, 977
882, 801
2, 853, 650 4, 731, 248
2, 878, 859 5, 344, 284
3, 863, 257 4,193, 979
3, .550,102
5,111,268
4,055,894
4, 553, 876
3, 606,493 4, 396, 757
3,144, 861
4,767, 824
1, 287, 522 5, 866, 096
4,. .595, 297 3,185, 821
5, 510, 375 2, 573, 372
5, 954, 804 2, 562, 457
5, 619, 576 2, 902, 367
3, 790, 578
4, 267,148
3, 611, 062 4 219, 482
4, 567, 648 3, 854, 448
5,106, 837 3, 399, 267
4,495, 717
4, 238, 503
4, 528, 562 4, 356, 399
4, 379, 543 4, 768, 321
3, 068, 424 5, 358, 206
5, 290, 371 3, 536, 931
6, 482, 694 2, 683, 736
5, 570, 067 3, 535, 111
5,121, 444
3, 735. 326
5, 562, 709 3, 209, 448
5, 436, 576 3, 325, 683
5, 877, 604 3, 359, 438
5, 487,739 3, 201, 904
5, 516, 678 3, 538, 616
5, 583, 546 3, 649, 898
5,165,012
3, 962, 662
2, 285, 807 5, 962, 542
5, 018, 411 3, 597, 002
6, 749,164 3,472, 041
5,538, 933
4, 810, 041
4, 658, 756 5, 898, 037
4, 569,496
6, 787,132
4,134, 458
7,770.524
3, 864, 903 8, 832; 912
3, 863, o n 8,138, 809
Total.
$38,810 $10, 604,198
38, 810
8,475, 506
58, 285
7.147, 507
58, 285
6, 714, 284
58, 285
7, 093,813
77, 790
7, 841, 840
77, 790
7,467,149
77,790
7,567,646
7, 357, 428
107,445
7,149, 806
6,721,734
7, 253, 363
6, 968,176
7, 263, 501
7, 508,122
57, 578
7,475, 828
57, 578
7,505,639
57,578
76, 412
8, 335, 910
76, 412
7, 632, 392
8,140,167
76, 412
7, 746, 992
100, 353
7, 339, 713
9, 955, 683
7, 993, 630
7, 789, 325
7, 813, 618
9, 504, 233
58, 307
58, 307 10, 025, 698
58, 307
II,671,655
58, 307
13, 435,197
77, 767
12, 597, 695
77, 767 12, 664, 725
114, 086
12, 629, 332
19, 269
13, 754, 614
19, 269
16, 925, 405
38, 818
14, 807, 275
38, 818
11,112, 966
58,398
8,351,368
58, 398
7, 659,176
58, 398
7, 643, 296
58, 398
8, 281, 541
77, 978
8,135,214
77, 978
8, 739, 348
125, 062
"8, 734, 832
146, 635
8,149, 885
21, 573
7, 934, 258
21, 573
7,175,191
43, 374
7, 824, 492
43,374
8,127,121
65, 279
8, 582, 540
65, 279
8, 587, 222
65, 279
8,123, 005
65, 279
7, 895, 823
65,279
8, 487, 375
87,183
8, 593, 287
125, 924
8, 860,144
125, 924
9, 010, 885
9,147,864
8, 426, 630
8, 870, 776
43,474
9, 209, 904
43, 474
9.148, 652
43, 474
8,921,874
65,104
8, 837, 261
65,104
8, 849, 420
87,161
9, 358, 333
121, 291
8,810,934
121, 291
9,176. 585
121, 291
9, 255,117
21, 673
9.149, 347
21, 673
8, 291, 908
43, 559
8, 658, 972
43, 559
43, 559 10,264,764
10, 414,186
65, 212
10,622,005
65, 212
65, 212
11, 421, 840
65, 212 11,970,494
12,820,800
122.985
12,124, 805
122,985
To
On other
To national
Treasury. laccounts.
banks.
$6,401, 088 $3, 836,135
6,194, 783 1, 854, 885
6, 373, 428
350, 816
6, 344, 890
6, 774,123
7, 671, 862
7,250, 860
7,424, 640
7,186, 644
7, 072, 499
6, 596,132
7,176, 074
6,853, 373
7.132, 388
7, 390, 592
7,349, 344
7, 361, 287
8, 208,122'
7,525, 303
8, 017, 476
7, 598, 512
7,168,186
6, 472, 790 3,132, 390
7, 027, 642
737,114
7, 674, 057
7, 624, 680
7,772,917
1, 535, 054
7, 573, 009 2,171,135
7,412, 349
3, 976, 873
8,891,426
4, 328, 287
8, 957, 215 3, 532, 559
8,477,211
4, 003,115
8, 229, 757 4, 240, 025
8, 243, 966 5, 327, 581
7, 662, 497 8, 919, 868
8, 317, 951 6, 324, 446
7, 847, 745 3, 019, 063
7, 488, 770
586, 258
7, 355, 400
7, 426, 695
8,138, 040
8, 016, 001
8,665,921
8, 664, 277
8, 074, 901
7, 843,105
6, 994, 830
7, 734, 424
8, 090, 519
8, 549, 004
8,546,564
8, 070, 640
7, 838, 028
8,416,133
8, 530, 365
8, 775, 345
8, 942, 305
9, 065, 873
8, 306, 608
8, 812, 458
9.152, 695
9.120, 350
8. 885, 354
8,801 653
8,814, 679
9, 331, 950
8, 761, 030
9.133, 600
9. 220, 837
9,104, 737
8.153, 722
8,560,375
10,2n,818
10, 302, 937
10, 333, 869
11,140, 722
11, 760, 955
12, 687, 692
n, 911,446
$366, 975
425, 838
423, 263
369,394
319, 690
169, 978
216, 289
143, 006
170, 784
77, 307
125,602
77,289
114,803
131,113
117, 530
126,484
144, 352
127, 788
107, 089
122, 691
148, 480
171, 527
350, 503
228, 874
115, 268
188, 938
196, 262
281,554
282,433
215, 484
107, 921
184, 399
• 159, 550
183, 067
343,040
164,878
246,158
276, 340
303,776
216, 601
143, 501
119,213
• 73, 427
70, 555
74, 984
91,153
180, 361
90,068
36, 602
33, 536
40, 658
52,365
57, 795
71, 242
62, 922
84, 799
68, 580
81, 991
120, 022
58,318
57,209
28, 302
36, 520
35, 608
34, 741
26, 383
49,904
42,985
34,280
44, 610
138,180
98, 597
52, 946
111, 249
288,136
281,118
209, 239
1.33, 108
213,359
192
No.
R E P O R T ON T H E
9 8 . — N A T I O N A L BANK N O T E S
AND
MONTHLY
Outstanding.
1874—July
August...
September
October...
November.
Deceraber.
1875—January . .
February .
March . . . .
April
May
June
July
August -..
Septeraber
October. ..
November.
December.
1876—January . .
February .
March
April
May
June
July
August . - September
October . . .
November.
December.
1877—January...
February .
March
April
May,
June
July
A u g u s t .. Septeraber
October . . .
Noveraber.
December.
1878—January . .
Februai-y .
March —
April
May
June
July
August...
September
October . . .
November
December .
1879—January . .
February .
March ....
April
.
May
June
July
August ...
September
October . . .
NovemberDeceraber.
1880—January . .
February .
March
April
May . . . . . .
June......
J u l y - . . . -.
August -..
Septeraber
October! ..
Noveraber
December.
1881—January . .
February .
$352,
353,
353,
354,
354,
354,
354,
354,
355,
355,
354,
354,
353,
351,
350,
348,
347,
346,
343,
342,
340,
338,
336,
332,
329,
325,
324,
323,
321,
321,
320,
319,
319,
319,
319,
317,
316,
316,
317,
318,
.320,
321,
322,
321,
322,
323,
323,
322,
321,
321,
320,
321,
322,
322,
323,
325,
326
328,
328,
328,
329,
330,
333,
336,
339,
341,
343,
343,
343.
344,
344.
343,
343,
343,
343,
343,
343,
343,
343,
343,
FINANCES.
OUTSTANDING AT THE
REDEMPTIONS,
tions.
$10,538,,000
9,993 ,000
7, 824,,000.
5, 608,,000
10, 687,,000
11, 302,,000
15, 891,000
1,000
13,170,
15, 251,000
17, 295,,000
19, 631,000
18, 331 ,000
20, 221,,000
',000
16, 649,
13,923, 000
;,
16,036,
1,000
13,711 ,000
16, 516,
1,000
20, 545,
sOOO
16, 240,,000
15,492, 000
;,
14,829, 000
\
21,196,
1,000
23, 681,000
23,224 ,000
20, 813,,000
i,000
18, 486,
:,000
16. 242,
16, 960,,000
15, 243,,000
20, 554 ,000
16,985,,000
17,"^ ,000
1,
21,476, 000
1,000
26, 929,
28, 079,
sooo
18,430,
1,000
19, 263,, 000
:
15, 543 ,000
16, 688,
1,000
17, 616,
1,000
17,422,
1,000
18, 266,
1,000
13, 838,,000
12, 276,,000
15, 942,,000
24,077 ,000
23,791 ,000
23, 210, oco
17,144,
13,492 ,000
, 000
8,588,,000
9, 396,
1,000
8, 683,,000
12, 421,000
13, 280,,000
12,037,000
10, 347,,000
15,660,,000
13,399,
1,000
9,123 ,000
6, 315,,000
4, 508,,000
3, 350, 000
3, 252,
,,000
2, 922,, 000
5, 641,000
3, 961,,000
3,145,
1,000
4, 006,,000
7, .555,
.,000
7 , " ^ 1,000
4.710:
',000
3, 470,
1,000
3, 349,
•,000
3,708,
1,000
3,369,
1,000
4,152,
1,000
5, ,551 ,000
1,000
4, 499,
FROM
END
JULY,
Month.
1881—March . . . .
April
May
June
July
August ...
September
October . . .
Noveniber.
December .
1882—January ..
February March
April
May
June
July
August ...
September
October . . .
NovemberDeceniber.
1883—January . .
February .
March
April
May
June
July
August ...
Septeraber
October . -.
NovemberDecember .
1884—January . .
February .
March
April
i
May
June
July
August ...
September
October . . .
November.
Deceraber.
1885—January . .
February .
March
April
May...
June
July
A u g u s t --.
September
October . . .
November.
December.
1886—January . .
February .
March ...April
May
June
July
August ...
Septeraber
October . . .
November.
December.
1887—January . .
February .
March
April
May
June
July
August ...
September
October...
OF EACH
MONTH,
1874.
Outstanding.
Bede'up.
$347 054,162
$4, 804,
6, 850,
352 047, 097
8,036,
353 604,893
7,152,
354 617,115
4, 988,
356 913, 233
4, 540,
357 449,906
3, 623,
358 405,640
4,946,
863, 000
359
5, 034,
361 509, 650
857,468
6,484,
361
8,186,
361 880,764
6, 345,
361 095,650
6, 672,
360 915,787
7,249,
360 363, 889
9,042,
359 025, 054
8, 980,
357 552, 564
7, 363,
357 974,142
6,296,
359 834,430
5, 641,
362 256, 662
6,858,
361 779, 335
7,435,
361 691,569
9,071,
361 882, 790
11,612,
361 310, 848
7, 534,
360 424,097
7, 874,
359 192, 003
8, 274,
358 546, 954
457, 250
12,135,
357
12, 607,
356 072, 208
9,251,
355 113,823
8, 422,
353 906, 874
728,114
7, 387,
352
8,569,
351 528,420
300, 884
9,172,
350
10, 623,
349 949, 351
17, 464,
348 680, 806
11, 517,
345 784,941
8, 680,
344 035, 505
11, 643,
342 216, 527
12, 037,
340 018, 509
11, 387,
338 692,612
337 065, 355 ' 12,886,
11, 214,
336 131, 964
8,747,
335 043,938
11, 207,
333 007,772
11, 472,
330 780, 483
12, 241,
328 392, 332
17, 883,
326 049, 907
636,120
10,972,
323
10,196,
320 897, 395
12, 549,
319 415, 804
14,190,
316 989,246
16, 652,
316 857,081
12,131,
315 378, 841
9, 894,
315 43 L, 707
7,589,
316 348,122
10,112,
315 279, 087
7, 772,
316 748,847
11, 238,
316 512,303
17, 485,
317 000,162
12, 208,
317 001, 252
10,826,
315 150, 389
8, 421,
313 261,874
11,480,
311 168,165
11,140,
308 510,891
9, 261,
306 238, 538
6, 296,
304 249, 615
099, 812
5, 438,
303
5, 918,
301 309,290
144, 276
5, 954,
299
7, 940,
296 572, 072
11.513,
292 782,727
7, 769,
288 864,797
5, 943,
286 950, 711
6, 908,
284 793,311
7, 866,
281 982, 407
6, 878,
278 917, 073
5, 903,
276 288, 312
5, 921,
274 128,829
5, .101,
272 721,530
5, 541,
271 915, 258
193
TJBEASUKBR.
N o . 9§.-—NATIONAL BANK NOTES OUTSTANDING AT T H E E N D OF EACH MONTH,
AND MONTHLY REDEMPTIONS, FROM J U L Y , 1874—ContinueSd.
Month.
1887—November..
Deceraber..
1888—January
February . .
March
April
...
May
June
July
August
Septeraber .
October
November..
December..
1889—January
February...
March
April
May
June
July
August
September .
October
November..
Deceraber . .
1890—January
Februaiy-..
March
April
June
July
August
September-,
October . „ .
November..
December..
1891—January....
February . .
March
April
May
June
July
August
Septeraber .
October
Noveraber-.
December . .
1892—January....
February . .
March
April
May
June
July
A.ugust
Septeraber .
October
Noveraber..
December..
1893—January....
February ..
March
April.......
June
July
August . . .
September.
October . . .
November.
December .
1894—January...
February..
March
,
April
Outstanding,
Redemptions.
$269, 690,378
268, 363, 854
265, 702, 634
262,452, 593
259, 997, 204
258,426,501
255, .581, 273
252, 203, 941
249, 453, 735
246,347,027
.243,529,002
239, 258, 217
236, 326, 872
233,554,192
229, 041, 824
224, 248, 585
221,028,621
218,506, 473
215, 286, 737
211,197,683
207,993,689
205, 763, 371
203,567,802
201, 925, 825
199, 546, 637
197, 087, 385
194,447, 219
192, 000, 453
190, 274, 602
189,264,900
187, 301, 523
185, 748, 590
184, 253,868
183,134,753
181, 602, 915
179, 610,433
178, 329, o n
177, 088,171
175, 303, 549
173, 423,024
171,535, 064
170, 227,646
168, 850, 839
167, 577, 214
168,166, 939
171,134, 309
171,785,146
172,184, 558
172, 993, 607
173, 078, 585
173,205, 496
172,621,875
172, 529, 451
172,476, 575
172,499, 349
172, 683, 850
172,527, 713
172, 656,429
172, 786, 760
172, 432,146
173, 614, 870
174, 404, 424
174, 391, 253
175,422, 388
176, 094, 544
176, 855, 614
177,164, 254
178,713, 872
183,755,147
198, 980, 368
208, 690, 579
$5, 799, 075
8, 228, 273
12, 232, 503
9,176, 339
7, 916, 274
9, 642, 090
12, 302, 623
11, 387,533
9, 224, 959
6, 984, 802
5, 205, 274
5, 845, 727
5, 805, 922
7, 692, 437
12, 256, 553
7,164, 265
5, 735, 356
6, 035, 825
9, 039, 602
7, 941, 336
6,510,302
5, 644, 911
4, 710, 379
5, 579, 573
5, 394, 524
5, 848, 455
8, 266, 222
5, 001, 433
5, 273, 365
5,445, 498
6, 417, 309
6,164, 976
5, 693, 419
4, 799, 416
4, 256, 904
4,281,206
4, 327, 087
4,7n,836
9, 443, 920
4,953,537
5,115, 459
5, 048, 370
7, 262, 701
7, 566, 764
6, 368, 617
4, 981, 988
4,710,379
5,188,589
5, 013, 820
5, 909, 334
7,788, 484
6, 066,177
5,276, 655
5, 639, 755
6, 357, 399
6, 323. 849
6,191, 046
5,352, 812
5,296,038
5,218, 960
5,471, 649
6, 969, 662
9, 731, 986
5, 864, 411
5, 524,568
6, 991, 571
8,150, 482
5, 082, 039
3, 877, 423
2, 699, 855
7, 275, 730
209, 311, 993
12, 505, 692
208, 948,105
13, 774, 976
208, 538, 844
9, 839, 329
207, 862,107 13,176, 204
207, 479, 520
7,422, 351
207, 875, 695
8,118,107
207,833,032
8, 380,025
FI 190C
Month.
1894—May
June
July
August . . .
Septeraber
October . . .
Noveraber.
Pecember.
1895—January...
February..
March
April
May
June
July
August . . .
Septeraber.
October . . November.
December .
1896—January-..
February-.
March
April
May.......
Juno
July
August . . .
September
October . . .
November.
Deceraber .
1897—January...
February..
March
April
:
May
June
July
August . . .
September
October . . .
November.
December.
1898—January...
Februa'ry .
March
April
May
June
July
August . . .
September.
October . . .
November.
Deceinber .
1899—January...
February..
March
April
May
June
July
August . . .
September
Octobej.- . . .
November,
December .
1900—January...
February.,
March
April
May
June
July
August . . .
September
Outstanding,
Redemptions.
$207, 245, 019
207, 353, ^44
207, 539, 066
207,592, 215
207, 564,458
207, 565, 090
206, 686,337
$8,959,113
206, 605, 710
205, 297, 571
205, 043, 651
7, 494, 509
10,376,851
5,946,346
7,165, o n
207, 541, 211
209, 719, 850
211,478,716
211, 691, 035
211, 372, 045
212, 339, 200
212, 851, 934
213, 887, 630
213, 960, 598
213, 716, 973
213, 496, 547
217,181, 917
221,316,027
224,189, 337
225, 287, 935
226, 000, 547
226, 030, 042
229, 613, 896
233, 6.39, 357
234,984,444
235, 398, 890
235, 663,118
235, 094, 662
234, 236, h i
233, 795,141
232,887, 984
231, 875, 841
.231, 441, p86
230,844, 256
230,593,^74
230, 278,970
230,132, 275
229, 634, 217
229, 014, 641
226, 529, n 6
224, 831, 072
224,481, 879
226,113,751
227, 696, 370
227, 900,177
226, 780, 065
227, 261, 650
235, 439, 985
239, 629,136
242, 784, 803
243, 817, 870
243, 324, 226
242, 985, 082
243,134, 892
242, 796, 708
242.146,789
.241,350,871
241, 624, 053
242,153, 897
243, 372, 223
243, 066, 624
243, 842, 068
246, 277, 223
247, 068, 743
249,516,228
271, 034, 337
285, 359, 366
300, 569, 758
309, 640, 443
320, 095, 891
324, 304, 325
328,416,428
9, 322, 038
6, 684, 645
6, 599, 917
5, 380, 628
6, 663,770
6,132, 207
8.132, 445
8, 700, 735
7,432, 008
8, 332, 851
7, 027, 790
5,702,340
7,252,879
7, 750, 398
9, 685, 659
13, 974, 586
8, 316,189
7; 894, 397
9, 227, 331
11,801,075
11, 295,483
12, 051, 832
7, 833, 890
5, 387, 077
7, 773, 491
9, 351, 401
^;2, 583, 899
13, 765,173
7, 243, 972
7,344,396
8, 573,146
10,722, 337
10, 943,162
10, 381, 308
7, 235, 581
6, 648, 031
7, 987, 243
8, 313,654
10, 395, 345
12, 404, 809
7, 333, 587
6, 724, 345
5,441, 202
5, 645,717
8, 600, 865
9, 387, 739
7, 404, 534
6, 260, 269
7, 562, 258
8,187, 373
9,350, 470
10, 531, 694
6,430, 217
5,718,848
5, 856, 857
7, 289, 210
6, 858, 832
6,154,652
5, 592, 341
5,344,072
6, 217,119
6, 245, 818
7, 275, 445
12,196,432
7, 367,144
7.133, 696
8, 358, 204
12, 054, 085
13, 043, .599
13,665,718
13, 072, 084
8, 677, 348
194
No.
REPORT ON T H E F I N A N C E S .
99.—AVERAGE
AMOUNTS OF NATIONAL-BANK N O T E S
AMOUNTS R E D E E M E D , B Y F I S C A L Y E A R S .
O u t of d e p o s i t s for r e t i r e ment."
REDEEMABLE
AND
O u t of 5 p e r c e n t f u n d .
Fiscal year.
Average
redeemable.
1875
1876
....
1877
1878
18791880
1881
1882
:
1883
1884
18851886.
1887......... .
1888
1889.
-. - .
1890
I891-..-..-.--1892
1893
1894
1895
1896..
1897
1898
1899
1900.
$12,808,056
22,742, 097
20,100, 598
12,793,048
11, 371, 372
15,542, 362
26,375,055
32,132, 324
39, 507, 992
38, 552, 614
40,888,124
46, 593, 367
84, 788,106
101, 613, 807
86, 548, 952
68, 965, 067
51,084,457
33, 693, 998
24, 223, 646
23, 315, 329
27, 808, 800
23, 034, 758
21.155, 731
29; 173,128
31,584, 525
36,471, 290
Total...
Redeemed.
Average
redeemable.
Redeemed,
fit for u s e .
$10,912,666
24,324, 687
25,050,755
12,009, 875
8,056,701
6, 401,916
12, 344, 799
16,808,606
23,552,279
26, 857, 689
28,462;225
29, 557, 588
37, 368, 289
50.163, 957
46; 386,122
33, 633, 889
25, 329, 027
16, 232, 721
9,037,651
10, 929, 536
13,068,369
11, 223,150
11,092, 355
15,990, 460
16, 649,275
17,909,793
$341, 227, 987
323, 525, 840
303, 056, 663
307, 342, 754
313, 696, 846
323, 309, 058
319, 577,199
327, 964, 886
321, 292, 597
311,358,660
288, 915, 938
270,047, 283
211,731,998
166, 411, 545
147, 669, 610
129,575, 073
126,579,941
138, 083, 516
150, 030, 040
179, 620, 846
179, 674,672
192, 917, 396
211,280,121
199,337, 064
206, 582, 256
218,131, 659
$26,166,291
$115,109,445
102, 478, 700
78, 643,155
151,070, 300
62, 518, 600
152, 437, 300
51,585,400
112,411, 800
. 40,204,700
24,980,500
29, 861, 700
6,763, 600
40, 080, 700
3, 801, 500
'53,838,500
15, 572, 100
59, 875, 000
26, 255, 500 ''
72, 260, 700
72, 669, 700
45, 634, 800
54, 532, 935
46,701,100
20, 786, 640
30, 506, 030
17, 453,780
25, 843, 765
17, 084,590
27,443,340
12, 590,880
23, 275, 005
12, 543, 220
27, 494,445
16, 676,700
36, 282, 335
24,166,150
43, 394, 418
39,893,840
50,944, 080
40,094,540
,35, 055, 620
43,866, 375
46, 946,190
69,014, 688
37, 659, 960
54,858.156
27,124, 260
50, 530; 828
23,472, 650
49,006,445
25, 620, 660
539, 354, 380
1,071,348,631
Redeemed,
unfit for u s e .
1,303,734,985
Total
redeemed.
$141,275,736
181,121, 855
213, 588, 900
204,022, 700
152, 616, 500
54, 842, 200
46, 844, 300
57, 640,000
75, 447,100
98, 516, 200
118,304, 500
101, 234, 035
51, 292, 670
43, 297, 545
44, 527, 930
35,865,885
40, 037,665
52, 959,035
67,560, 568
90, 837, 920
75,150,160
90,812, 565
106,674,648
81,982,416
74,003, 478
74, 627,105
2, 375, 083, 616
195
TREASURER.
No.
I O O . — P E R C E N T A G E O F OUTSTANDING NATIONAL-BANK N O T E S R E D E E M E D AND
ASSORTED EACH F I S C A L YEAR, B Y GEOGRAPHICAL D I V I S I O N S .
Division.
Maine
New Hainpshire.
Yermont
Massachusetts...
Rhodelsland
Connecticut
New England.
New York
NewJersey
—
Pennsylvania
Delaware
Maryland
D i s t r i c t of C o l u m b i a . ,
1875.
1876.
43.38
43.40
42.47
45.33
' 44.19
45.40
83.53
84.24
68.67
89.45
73.20
64.98
94.46
116. 06
88.02
130.97
101. 42
83.57
98.83
113. 87
86.12
131. 89
92. 76
7L01
44.80.
8L70
113.71
44.21
44.11
39.54
42.69
40.48
41.28
60.33
64.45
42. 71
43.92
47.74
50.41
70.18
80.43
53.90
56.67
44.90
59.06
75.41
89.34
61.59
9L84
63.82
56.42
19.27
23.59
18.54
24.64
22.78
20.16
14.56
16.16
15. 98
17.64
18.49
19.32
111. 75
79. 93
22.95
17.61
2L80
6L03
65.27
42.36
44.69
38.98
65.67
45.82
48. 63
3L72
32.99
32.79
48.01
19.74
18.72
14.54
19.20
14. 92
23.48
22.02
19.08
15.74
15.17
16.16
19.45
22.58
22.04
18.65
18.31
19.64
25.26
19.70
21.16
2L21
22.00
21.57
22.53
42.29
53.12
62. g
52.87
17.40
18.89
20.79
Yirginia
"West Y i r g i n i a . .
N o r t h Carolina .
South Carolina .
Georgia
Florida
Alabama ...
Mississippi....Louisiana
Texas
Arkansas
Kentucky
Tennessee
36.02
36.17
30.34
29.73
36.22
15.56
29.25
45.43
35.60
24.73
26.06
28.74
3L63
42.63
40.21
43.62
45.13
48.57
35.91
'40.83
39.51
4L33
37.02
25.01
36.70
42.57
46. 52
45.01
43.68
48.22
46.53
42.46
42.64
23.23
42.46
42.56
3L64
44.66
42.53
40.59
34.34
37.86
37.37
37.67
37.17
3L68
28.59
30.49
28.72
19.98
35.15
32.45
37.00
25.50
35.46
28.87
28.76
29.00
24.10
22.91
18.47
21.47
16.94
26.83
24.09
16.71
12.48
14.19
15.09
15.28
14.38
14.04
26.53
10. 70
13.96
9.79
12.69
12.07
16.33
12.51
15, 82
18.09
18,52
10.88
15.88
17.34
12.75
12.60
9.65
14.59
14.36
22.75
17.51
20.72
23. 61
25.05
18. 00
21.05
47.10
16.45
17.30
16,64
18.69
21.79
Southern .
31.94
40.74
44.51
35.05
27.24
13.37
15.00
20.08
35.62
37.26
34.62
33.44
36.50
30.19
33.22
39. 87
39.15
39.45
38.64
38.86
35. 76
36.04
35.38
42,36
44,43
45.08
42.15
43.53
40.33
40.20
40.50
4L72
34.37
33.62
30.34
32.97
28.68
28. 64
29.10
30.62
24.71
24.70
•21. 93
24.20
22.01
22. 88
21.14
24.37
12.50
13.52
12. 70
13. 06
13.12
12.98
12.92
13.58
13.73
15. 41
13, 81
14.26
14.92
14.66
14.66
14.78
16.87
19.62
17. 75
19. 27
16.85
18.96
18.35
16.73
Middle-
35.47
38.74
43.33
32.44
23.76
12.91
14.31
17.93
Dakota
Nebraska
Kansas
Montana
Wvoraing
Colorado
New Mexico.
22.89
3L50
31. 68
24.51
21.48
30.39
33.56
35.56
36.45
37.42
35.01
33.06
36.19
37.50
37.11
38.42
39.68
37.35
39.18
39.87
43.27
32.95
28.29
30.50
3L98
29.21
26.81
36.22
15.66
21.44
24.76
24.26
24.26
21.93
32.20
11.04
13.41
15.47
15.52
17.22
17.56
17.16
13.01
14.55
18.80
17.25
2L88
19.10
15. 07
14.69
17.11
23.67
18. 92
20.26
22,54
20.64
30.77
36.69
39.48
29.72
23.57
15.52
17.18
20,44
42.02
32.06
35.81
58.22
29.20
25.29
34.54
35.56
27.53
3L13
15.23
35.92
57.26
42.66
•10. 44
19.87
1.59
23.90
27.56
12.20
6.00
11.28
9.68
14.16
20.91
7.65
1.3. 43
12.68
15.74
19.17
16.45
.36
15,87
17.96
27.42
26.73
19.28
7.31
8.70
19.85
18.19
17.23
Eastern.
Ohio
Indiana
Illinois
Michigan ..
AYisconsin.
Minnesota.
Iowa
Missouri...
"Western.
Washington .
Oregou
..
California—
Idaho
Utah
Nevada
Arizona . . . i .
Pacific
United States.
25. 87
41, 93
18.83
5.89
67,89
15.28
20.59
196
REPORT ON T H E FINANCES.
N o . 1<(^0.—PERCENTAGE O F OUTSTANDING NATIONAL-BANK N O T E S R E D E E M E D AND
ASSORTED EACH F I S C A L YEAR, B Y GEOGRAPHICAL DIVISIONS—Continued.
1884.
1885.
1886.
1887.
1888.
28.22
30.58
30.43
32.04
30.44
29.34
37.39
40.08
39.34
41.80
41.13
39.10
48.14
54.98
51.98
53.65
55.20
51. 44
50.52
50.67
46,27
56.96
44.98
43.74
27.72
29.73
30.07
33.74
28.55
29.61
33.38
46.17
38,41
37.07
33.47
34.48
New England-.
31.04
40.81
53.09
52.22
31.63
36.37
40.43
New York
New Jersey
Pennsylvania
Delaware
Maryland
D i s t r i c t of C o l u m b i a
29.06
28.98
25.14
23.78
24.70
32.21
39.05
38.56
32.30
30.84
30.68
41.78
48.56
48.61
38.18
38.80
41.22
45.96
42.49
43.65
35.10
39.96
42.80
49.02
3L57
30.23
29. 05
37.23
36.25
52.54
39.07
40.88
32.66
43.66
36.44
6L77
43.43
45.20
34.92
46.05
40.73
52. 51
27.19
36.12
43.78
9.68
L04
6.76
40.41
26.97
23.00
26. 37
30.30
30.02
22.95
30.20
32,21
21,21
18.38
2L93
24.54
26.42
33.36
29.63
32.59
39.91
48.52
35.12
37.55
39.32
26.08
28.63
30.95
30.71
39.09
43.85
35.08
39.76
50.66
52.68
54.90
44.28
45.61
39.18
30.43
43.77
37.52
42.99
38,32
28.86
32.82
42.18
45.37
25. 60
43.68
39.18
42.10
29.22
31.81
31.91
35.50
32.97
24.31
29.91
37.16
36.23
23.87
36.12
35,58
27.78
24.38
31.30
24.91
27.79
35,21
29,14
31.67
38.53
36.69
33.94
36.40
31.35
28.07
30.30
34.24
28.54
36.13
40.38
31.30
37.92
41.13
42.49
30.47
37.31
37.72
30. 69
32.48
33.95
31.62
37.79
Division.
Maine
N e w Harapshire
Yermont
Massachusetts
Rhodelsland
Connecticut
Eastern
Yirginia
W e s t Yirginia
N o r t h Carolina
S o u t h Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
,
,
,
,
,
36. 82
4L07
44.61
40.86
39.40
40.01
25.41
Southern
33.39
40. 26
35.31
28.27
31.63
34.70
27.69
30.64
27.02
30. 48
27.76
28.00
25.33
28. 94
33.96
33.55
30.30
33,60
29,38
30,08
29,61
33.64
29.82
28.99
28.21
29.20
28. 04
27.94
29.40
29.39
23.34
23. 28
24. 21
24.23
23, 78
30.03
25.04
24,40
29.69
28.48
28.43
28.45
29. 46
28.47
30,15
28,56
32,14
30,09
31,38
33,33
34,85
34.15
33.82
30.11
,
21.03
25.36
2L91
23.81
2L71
24.73
20.45
22.84
Middle
,
22.34
28.19
32.59
29.20
24.00
29.13
32.06
Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
N e w Mexico
,
15.13
15.20
22. 51
22.44
20.00
23.36
23.40
21.42
19.73
24.03
28.01
27.20
27.69
28.06
28.32
25.35
22.98
34.48
34.16
31.54
31.77
28.04
24.70
22.22
31.12
30.54
28.97
31.93
23.19
23.10
19. 68
24.48
24.67
25.08
25.19
26.57
27.97
26.00
27.42
3L32
30.71
31.76
34.26
34.73
28.07
30.72
33.91
35.77
35.13
Ohio'
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
,
:
,
19.95
23.97
27.63
26.21
22.72
27.70
3L99
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
18.62
23.58
30.40
29.85
23,20
22.19
20.02
23.19
26.83
27.80
26.95
35.87
20.55
36.94
39.44
34.47
32. 32
30.87
60.82
31.14
23.67
28.39
34,84
34.23
26.36
34.49
39.46
18.46
21.02
26. 40'
21.66
2L97
36.82
39.56
24,57
28,56
33.52
35.02
23.32
59.49
32.00
27.94
32.48
35.93
32.29
24.40
45.21
34.66
Pacific
27.15
25.54
34.93
31.32
23. J
.33
32.93
35.67
44,20
34.40
37.98
Western
United States.-
27.36
9.41
197
TREASUEER.
N o . 1 0 0 . — P E R C E N T A G E O F OUTSTANDING NATIONAL-BANK N O T E S R E D E E M E D AND
ASSORTED EACH F I S C A L YEAR, B Y GEOGRAPHICAL DIVISIONS—Continued.
Division.
1891.
1892.
1893.
1894.
1895.
1896.
1897.
34.72
38.48
44.45
38.06
38.09
38.97
37.64
44.99
48.22
4L95
48. 95
41.17
41.24
51.04
5L65
49.55
46.87
48.97
46.05
53.30
55.08
53.08
49. 94
55.04
38.47
45.40
48.71
45.89
43. 91
53.57
43.01
47.95
52.81
52.28
48.77
53.30
49.13
52.64
61.48
58.76
60.54
61.17
48. 43
51.71
56. 20
56.87
54.51
52.38
40.85
43. 41
46.81
48.31
49.07
48.22
38.53
39.77
40.05
45.47
43.84
43.54
New England.
38.25
42. 77
48.58
52.51
46.20
50.95
58.24
54. 80
47.23
43.55
New York
New Jersey
Pennsylvania
Delaware
Maryland
D i s t r i c t of C o l u m b i a
42.10
41. 91
35.25
40.57
39.56
103. 21
47.70
47.87
40.65
44.32
48.68
77.52
54.71
53.02
46.09
49.72
50.84
61.25
57.60
58.48
48.70
54.18
46. 55
69.90
52.69
60.20
45.19
47.84
44.00
50.05
55.40
64.20
50. 71
5L19
56.26
66.98
59.50
75.52
57.59
54.66
52.08
63.04
50.25
59.88
43.14
46.50
46.88
53.78
47.85
55.65
41.69
44.03
50.76
48.79
45.76
51.11
39.59
4L04
49.37
50.12
Maine
New Hampshire.
Yermont
Massachusetts...
Rhode Island
Connecticut
Eastern
1900.
40.19
45.59
51.12
54.08
49.95
54.44
59.38
47.98
46.12
43.99
Yirginia
West Yirginia..
N o r t h Carolina .
S o u t h C a r o l i n a ..
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
41.71
30.77
36.70
46.42
43. 61
33.20
40.41
39.09
30.94
33.66
35.76
30.10
40.13
48.00
33.44
40.15
53.95
51.34
36.45
53.53
42.94
36.84
35.38
35.51
35.47
42.17
54.74
35. 08
45.02
67.16
51.76
42.75
54.87
47.46
41.57
36.38
38.09
33.68
43.06
51.20
37.49
46.40
56.17
45.02
40. 66
52.13
45.64
37.12
45.02
35.90
38. 99
45.80
40.54
36.13
35.34
46.06
39.37
38.02
38.98
32.75
26.65
36.24
35.56
28.90
38.02
43.46
36.14
36.69
6L82
42.88
40.85
52.98
37.95
48.81
41.67
58.23
38.75
43.52
44.74
38.54
39. 71
52.69
39.99
49.36
45.91
40.68
31.62
34.23
34.48
3L69
37.88
36.98
32.75
34. 45
45.12
30.97
88.61
33.97
32.32
19.58
27.33
30.53
24.84
31.84
34.56
30.48
37.97
37.25
30.30
50.02
27.06
31.67
19.31
24.02
27. 88
22.30
27.80
36.88
25.99
42.65
54.87
33.67
39.40
27.83
26.54
20.34
27.57
25.67
23.04
23.40
Southern .
35.20
39.95
41.49
43.82
34.83
42.70
37.07
29.36
26.91
28.60
32.86
29.29
28.63
31.39
30.12
29.83
30.48
27.69
35.66
30.62
29. 04
31.04
29.59
31.05
30.65
27.31
36.68
29.95
31.06
55.62
3L85
31.38
32.20
30.28
40.19
35.90
36.64
43.08
39.12
38.36
38.74
37. 46
33.18
27.63
31.15
35.51
33.92
30.83
31.73
30.53
42.98
31.29
39.57
37.12
34. 02
32.32
36.58
42.00
32.69
30.65
31.62
33. 92
31. 24
32.27
32.65
30.95
27.38
24.59
25.91
29.36
27.41
27.41
28.24
23.11
25. 05
21.66
21. 45
25.36
22.69
22.16
22.49
19.36
22.70
21.31
22.12
23.98
2L18
24.12
21-10
20.15
30.65
31.67
35. (
39.01
32.08
38.65
32.18
26.75
23.02
22,05
32.31
31.94
29.34
30.35
27.67
33.87
31.33
36.23
9.89
9.66
33.05
30.28
30. 60
30.67
28.61
34.17
33.60
35.69
22.50
21.05
32.28
34.80
33.12
34.35
3L99
39.47
39.11
37.76
26.10
24.32
41.03
43.10
47.54
39.76
40.33
53.26
41.94
48.44
36.46
42.29
35.01
37.06
35.08
3L58
32.33
39.93
34.01
37.58
32.68
34.71
33.58
35.56
34.40
33.56
32.00
39.56
36.87
38.05
45.18
29.80
34.49
38.70
37.76
33.25
3L97
40.26
33.51
37.15
46,55
29.46
29,26
31.84
3L08
28.28
27. 55
36.91
29.88
33.16
43.08
22.03
25.22
29.83
25:67
25.12
25.10
32.90
23.56
27.86
34.11
20.65
24.59
25.42
23.26
22.17
25.56
22.95
23.56
25.12
20.38
21'. 41
Ohio
Indiana
Illinois
Michigan ..
Wisconsin.
Minnesota .
Iowa
Missouri...
Middle
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
N e w Mexico
Oklahoma
,
Indian Territory
AYestern
Washington.
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
30.29
31,19
34,61
43.19
33.95
34.61
35.12
29.81
25.47
23.33
26.88
34.69
38.15
33.61
24.74
49.64
38.42
29.38
36.21
39.17
26.91
26.30
54.61
43.14
33.76
37.12
39.64
32.46
41.04
56.84
38.35
44.53
47.32
50. 20
46.96
39.68
61.94
48.21
34.46
36.11
36.30
35.17
15.40
56.58
35.85
37.90
54.61
45.98
34.76
20.29
60.28
39.69
40.25
78. 28
51.38
36.04
20.00
63.56
31.20
30;84
37. 26
39.63
31. 92
16.29
51.35
32.79
29.33
29.36
28.22
31,26
16. 20
52.87
28.73
6.33
27.87
29.56
45.30
30.43
21.70
32.91
28.17
25. 60
37.23
46.68
32.28
27.12
34.90
36.48
40.19
44.54
48.87
42.49
47.85
50.23
42.51
37.83
35.85
Pacific
United States.
198
No.
REPORT ON T H E FINANCES.
1 0 1 . — C H A N G E S DURING THE FISCAL YEAR 1900 IN THE F O R C E EMPLOYED
IN
THE TREASURER'S
Total force June 30,1899
Died
Resigned
Transferred from Treasurer's Office
Appointed
Transferred to Treasurer's Office
OFFICE.
299
4
7
4
-
• '
".
14
16
15
15
Total force June 30,1900-..
314
N o . 1 0 2 . — A P P R O P R I A T I O N S MADE F O R T H E F O R C E E M P L O Y E D I N THE TREASURER'S
O F F I C E AND SALARIES P A I D DURING THE F I S C A L YEAR 1900.
Roll on which paid.
Appropriated.
Expended.
Balance unexpended.
Regular roll
Reimbursable roll: Force employed in redemption ofnational
currency
:
$290,453,10
$288, 366.72
$2,086.38
71, 040. 00
70,173. 58
866.42
361,493.10
358, 540.30
2,952.80
Total..
REPORT OF THE DIRECTOR OE THE MINT.
TREASURY DEPARTMENT,
BUREAU OF THE M I N T ,
Washington, D. C., Decemher 18, 1900.
SIR : I have the honor to herewith submit the twenty-eighth annual
report of the Director of the Mint, covering the operations of the
mints and assay offices of the United States for the fiscal year ending
June 30, 1900, with such available statistics for the fiscal year as may
be valuable in connection therewith.
The coinage of the past year was in excess of that executed in any
previous year in the history of the service, aggregating 184,373,793
pieces of the Yalue of 1141,351,960.36, as compared with 122,270,945
pieces of the value of 1136,855,676.79 inthe last fiscal year„ The value
of the gold coinage was slightly below that of the previous year, being
$107,937,110, as compared with $108,177,180. The coinage of silver
dollars was $18,244,984, as compared with $18,254,709 in the previous
year. The chief increase vvas in the output of subsidiary and minor
coins, which surpassed all records and may doubtless be attributed to
the extraordinary activity of retail trade throughout the countr3^
The coinage of subsidiary silver amounted to 57,114,270 pieces of the
value of $12,876,849.15, and of minor coins to the extraordinary total
of 101,301,753 pieces of the value of $2,243,017.21. While the subsidiary and minor coins do not count up into great sums in value, they
keep a great many presses busy and the aboYC totals signify a great
deal of work.
The total deposits of gold were not so great as in the previous year,
the imports of bullion showing a decline, but the deposits of domestic
bullion again surpassed all records, amounting to $87,458,836.23
against $76,252,487.23 last year.
The seigniorage on the coinage of silver dollars, subsidiary and
minor coins during the year amounted to $10,286,302.50, the details of
which appear elsewhere. The total expenditures of the mint service
were $1,703,292.64. The total of all charges and gains from the public
to the accounts of the several institutions was $353,761.48.
The details as to the operations of the mints are to be found in the
reports submitted by the superintendents of the several institutions,
which appear elsewhere. Particular attention is invited to the report
of Mr. Boyer, superintendent of the Philadelphia mint, as extensive
improvements and experiments have been going on in that institution.
During the fiscal year 1901 it is expected that the new mint edifice in
199
200
REPORT ON THE FINANCES.
that city, which has been under construction some years, will be completed and occupied. With a view to equipping it with the most
approved modern machinery and appliances much has been done in
the past year in the way of testing and developing new ideas. Among
the most important of the new departures is the refining of gold by
electrolysis, a method which promises excellent results. The new
mint will be the largest and most complete institution of °its kind in
the world. That the best ideas extant on mint processes and machinery might be adopted Mr. H. J. Slaker, of the melter and refiner's
department at Philadelphia, was sent to visit the mints of Great Britain,
Germany, and France, and report upon their methods.
Some new equipment has been added to the New Orleans mint in
the last year, and that institution is now in condition to meet larger
demands upon it than ever before.
The San Francisco mint, as usual, shows a good record for its year's
work, but it is in need of considerable expenditures for new machinery.
Most of its equipment is old and much worn. It has been thought
desirable to postpone as far as possible the purchase of new material
for other mints until the new machinery being purchased for the Philadelphia mint was fairly tested, in order that the best may be had in
every case.
The vacation of the old mint structure at Philadelphia will place it
on the market for sale under the authority of the act of March 3,1891,
unless Congress chooses to make other provision for its disposition.
The act referred to, after directing the purchase of ground and construction of the new building, makes the following provision for the
sale of the old building and site:
That the Secretary of the Treasury be, and he is hereby, further directed, when
the new building herein authorized to be erected shall have been completed, to dispose of the present United States mint building in the city of Philadelphia and State
of Pennsylvania at private or public sale, and to give a quit-claim deed to the purchaser thereof, and to deposit the proceeds of the sale to the credit of the Treasurer
of the United States in the manner prescribed by sections thirty-six hundred and
seventeen and thirty-six hundred and eighteen. United States Revised Statutes.
LEGISLATION RECOMMENDED.
DEFICIENCIES IN THE BULLION ACCOUNTS OF THE MINTS.
In the reports of the Bureau of the Mint for the fiscal 5^ears 1898
and 1899, attention was invited to the deficiencies existing in the bullion accounts of the mints at San Francisco, Philadelphia, New Orleans,
La., and Carson, Nev., aggregating $530,681.67.
The items going to make up this sum are not only carried in the
accounts of the mints named, but also in the accounts of the Treasurer
of the United States as unavailable assets: There is very little prospect of any part of these sums ever being recovered by the Government, and they should not be carried in the accounts year in and year
out as a part of the assets of the Government, as they go to make up a
total that is incorrect. The recommendation made in the fiscal reports
for 1898 and 1899, that Congress be asked to relieve the accounts of
the Treasurer of the United States and the respective mints from cariying the amount of these deficits in their accounts, is again renewed.
DIRECTOR OF THE MINT.
201
R E M I T T A N C E S F O R M I N O R COINS.
When the Chestnut Street National Bank of Philadelphia failed, on
December 23, 1897, it held $11,465 which had^been deposited by
Herman Kretz, then superintendent of the Philadelphia mint, in the
form of drafts received by him from 97 different banks for minor coin.
The Treasury regulations for the issue of minor coin at that time
practically directed remittances for minor coin to be made by draft
on New York or Philadelphia, the regular circular of advice reading
as follows:
Five-cent nickel and one-cent bronze pieces will be furnished in the order of application from the United States Mint at Philadelphia, Pa., to points reached by the
United States and connecting express companies, free of transportation charges, in
sums of $20, or multiples thereof, except New York, Boston, Baltimore, Philadelphia, Cincinnati, Chicago, St. Louis, New Orleans, and San Francisco, upon receipt
and collection by the superintendent of that mint of a draft on New York or Philadelphia payable to his order.
Nearly all of these remittances were by draft on New York. The
superintendent of the mint had no way of collecting them except by
using a local bank, and he chose the Chestnut Street National Bank
for this purpose. The last day this institution did business was December 22, 1897, and when it closed it held the above drafts, all of which
had been deposited on the 20th, 21st, and 22d. The superintendent
failing to collect the drafts did not fill the orders for coin, and the
reinitting banks have been held by the Department to be creditors of
the Chestnut Street National Bank. The claims against it were proved
up for them by Mr. Kretz as trustee, and they have receiYed 55 per
cent of their claims in dividends.
The banks have always claimed that as they never selected the
Chestnut Street bank as their agent, and followed the directions of the
Treasury Department as to the method of remittances, they ought not
to suffer from the failure of the bank, but the Department has had no
fund from which they could be reimbursed.
As nearly three years have now elapsed since the bank failed, and a
final settlement of its affairs seems some distance off, it is recommended
that Congress be asked to make an appropriation to cover the amount
still due the banks, which is 45 per cent of $11,465, or $5,159.25, and
that their claims be taken OYcr and held by the GoYcrnment against
the assets .of the bank.
MINOR-COINAGE METAL
FUND.
Section 3528, Revised Statutes of the United States, provides that
" f o r the purchase of metal for the minor coinage, a sum not exceeding fifty thousand dollars in lawful money of the United States shall
be transferred by the Secretary of the Treasury to the credit of the
superintendent of the mint at Philadelphia, at which establishment
only, until otherwise provided by law, such coinage shall be carried
on."
For the last four years this fund has been inadequate to enable the
Mint to supply promptly the demands for minor coins at certain seasons of the year, especially from September 1 to January 1. In fact,
for the last two years the demand has continued with more or less
actiYity throughout the entire year. When this fund was created
202
REPORT ON THE FINANCES.
by act of February 28, 1873, the demand for minor coins was inconsiderable as compared with the present (which in the, year 1900 has
been unprecedented), and the fund was then ample for the purchase of
the metal required to manufacture the 1-cent bronze and 5-cent nickel
pieces in sufficient quantities to supply all demands. Within the past
two years the price of metals entering into the manufacture of minor
coinage has advanced and necessitates a larger sum of money than
heretofore to purchase the same weight of metal, in addition to which
increased coinage requires a greater amount of metal with which to
meet same. The minor-coinage metal fund should be increased to
$250,000 as a maximum, and it is respectfully recommended that Congress be again requested to provide for an increase of this fund to that
sum.
MINOR
COINS
TO
BE
MADE
AT SAN FRANCISCO
MINTS.
AND
NEW
ORLEANS
Under the provision of section 3528 of the Revised Statutes of the
United States, the manufacture of all the minor coins is restricted to
the mint at Philadelphia. At the time this provision was enacted the
demand for such coins was confined principally to the Eastern, Middle,
and Western States, east of the Missouri River, but in recent 3^ears
there has been a very heavy increase, which has extended not only
to the section named, but to the Southwestern States and the Pacific
coast as well, and has become so great that at times much difficulty has
been experienced at the Philadelphia mint to furnish at all times an
adequate supply, which can not be done, except by working overtime. Much relief would be afforded if the mints at San Francisco
and New Orleans were authorized to manufacture 1-cent bronze and
5-cent nickel pieces, and the demand for the Southwestern and Pacific
coast States and Territories could be supplied much more economically
than at present.
DEPOSITS OF GOLD BULLION, FISCAL YEAR 1900. •
The deposits of gold bullion at the mints and assay offices of the
United States during the fiscal year ended June 30,1900, exclusive of
redeposits, were of the valueof $133,920,119.59, against $143,497,190.65
reported the previous 3^ear.
Deposits of bullion may be made at a mint or assay office for conversion into bars for the convenience of the depositor. When delivered to him and disposed of by him they frequently find their way to
another one of the Government institutions, and are there classified as
redeposits. The same applies to transfers of bullion between the
mints and assay offices.
The aggregate of all deposits, including redeposits, is the total of
metal operated upon in the year by the Mint service. This total of
gold bullion received in the fiscal year ended June 30, 1900, was
10,941,017.499 standard ounces, of the Yalue of $203,553,813.88, against
ll,888,668.521standardounces, of thcYalueof $221,184,530.61, reported
the previous year.
The deposits of domestic bullion amounted to 4,700,912.449 standard
ounces, of which 1,123,021.152 standard ounces were in. a crude condition direct from the miners operating in the various States; 887,841.976
203
DIRECTOR OF THE MINT.
standard ounces of refinery bars (less than 0.992 in fineness) and 2,690,049.321 standard ounces of refined bars (fineness 0.992 and over), being
bullion received from private refineries, chlorination and cyanide works.
Uncurrent and mutilated domestic gold coin received for recoinage
contained 74,663.946 standard ounces, of the coinage value in new coin
of $lj389,096.68. Of thisamount, 53,148.226 standard ounces were
received over the counter and 21,515.720 standard ounces were received
on transfers from the Treasury.
Foreign bullion containing 1,221,208.075 standard ounces, of the
value of $22,720,150.22, were also received, of which 1,048,364.218
standard ounces were unrefined and 172,843.857 standard ounces were
refined previous to its receipt, as shown by the following table:
DEPOSITS OF FOREIGN GOLD BULLION.
Unrefined.
Refined. •
Country of produbtion.
Standard ozs.
Canada:
Britisli Columbia
Klondike, Northwest Territory
Nova Scotia
Ontario and Quebec
Winnipeg
Manitoba
Other
Mexico
Central America
South America
•
Cuba
Haiti
Santo Domingo
Porto Rico
Philippine Islands
South Africa
Japan
Korea
New Zealand
England
Unknown
Total
,.
' 74,740.528
759,172.162
82,195.316
84,231.030
• 57.829
12.005
114. 907
90,165.525
25,793.233
18,415.260
9.339
48.967
37.806
109.917.
10.235
22.193
5.964
148.564
12.314
VqJue.
Sl,390,521,45
14,124,133,24
598,982. 62
636,856.37
1.075.89
223. 35
2,137.80
1,677,498.13
479,874.10
342,609.49
173.75
« 911.01
. 703.37
2.044.97
190.42.
412.89
110.96
2.763.98
229.10
13,061,124
.
242,997.66
1,048,364,218
19,504,450.55
Standard ozs.
Value.
• 19,864.125
152,979.732
$369,565.12
2,846,134.55
172,843.857
3,215,699.67
Foreign gold coin containing 1,012,354.135 standard ounces, of the
coining value in United States money of $18,834,495.53, was deposited.
The following table shows the country of coinage and amount of
such deposits:
DEPOSITS OF FOREIGN GOLD COIN.
Country of coinage.
Great Britain ..
Mexico
France
Germany
Japan
Russia
Spain
South America.
Costa Rica
.
Haiti
other countries
Unknown
Total
Standard
ounces.
Coining value.
271,179.127
23,477.932
256,524.459
564.576
248,106.050
4,372.575
182,415.481
213.999
4.968
6.102
5.312
25,483.554
$5,045,193.06
436,798.74
4,772,548.07
10,503.74
4,615,926.51
81,350.23
3,393,776.39
3,981.38
92.43
113.52
98.83
474,112.63
1,012,354.135
18,834,495.53
204
REPORT ON T H E FINANCES.
Jewelers' bars, old plate, etc., containing 189,067.825 standard
ounces, of the value of $3,517,540.93, were deposited.
The redeposits contained 3,742,811.069 standard ounces, of the value
of $69,633,694.29, as shown by the following table:
REDEPOSITS OF GOLD BULLION.
Institution at which deposited.
Total
Philadelphia.
Philadelphia.
Standard ozs.
Standard ozs.
45,191
719,332.675
Standard ozs.
3.553
1,168,799.680
289,736.518
.
Unparted bars.
New York.
Standard ozs.
Philadelphia
New York
Denver
Boise
Helena " .
Charlotte
St. Louis
Deadwood
Seattle
Mint bars.
Philadelphia.
1,458,536,198
Institution at which manufactured.
45,191
719,332.675
Fine bars.
.
:
".
620,512.625
89,356.798
106,589.920
14,336.400
6,781.720
15,153.334
29.336
852,763.686
Institution at which deposited.
Institution at which manufactured. •
Unparted bars.
San Francisco.
Denver.
Boise.
Standard ozs.
lis. 093
10,308.228
San Francisco
Carson
Denver
Boise.
Helena
Seattle
New York.
Standard ozs.
Standard ozs.
Standard ozs.
689,004.328
Total
699,485.649
12.707
16.667
36.839.
72,707
53.406
12,426.870
12,426.870
Institution at which deposited.
Unparted bars.
Institution at which manufactured.
Helena.
Philadelphia
San Francisco.
Carson
Denver
Boise
Helena
Charlotte
St. Louis
Deadwood
Seattle
Total
Seattle.
Standard ozs.
..
St. Louis.
Standard ozs.
Standardozs.
Total.
6.724
Standard ozs.
3.553
173 093
10,308.228
620,627.985
101,800.235
106,672.069
14,336.400
6,781.720
15,153.334
689,040.388
6.724
1,564,897.005
. 42.653
45.310
45.310
42.653
205
DIRECTOE OF THE MINT.
The following tables exhibit the weight and value of deposits and
purchases of gold:
W E I G H T OF THE ORIGINAL DEPOSITS AND REDEPOSITS OF GOLD BULLION AT THE
MINTS AND ASSAY OFFICES OF THE UNITED STATES DURING THE FISCAL YEARS
1899 AND 1900, AND THE INCREASE OE DECREASE OP THE S A M E DURING THE L A T T E R
YEAR.
Fiscal year.
Classification of deposits of gold.
Increase, 1900. Decrease, 1900.
1899.
1900.
Standard ozs.
973,746.119
936,371.576
2,188,453.493
Standard ozs.
1,123,021.152
887,841.976
2,690,049.321
Standard ozs.
149,275.033
43,130.122
19,128.910
53,148.226
21,515.720
10,018.104
2,386.810
623,601.361
1,006,988.711
1,762,201.946
159,35L760
1,048,364.218
172,843.857
1,012,354.135
189,067.825
424,762.857
7,712,973.998
7,198,206.430
1.117,754.697
1,427,169.417 1,458,581.389
1,674,952.577 • 719,332,675
1,073,572.529 1,564,897.005
491,324.476
O R I G I N A L DEPOSITS.
Domestic:
Unrefined
Refinery bars
Refined bars
Domestic coin:
Purchases
Treasury transfers
Foreign bullion:
• Unrefined
Refined
Foreign coin
Jewelers' bars, old plate, etc
'.
Total original deposits
501,595.828
Standard ozs.
48,529.600
834,144.854
749,847.811
29,716.065
1,632,522.265
REDEPOSITS.
Fine bars
Mint bars
Unparted bars
.•
:
Total redeposits
Total gold operated on
Net increase
31,411.972
955,619.902
4,175,694.523
3,742,811.069
522,736.448
955,619.902
11,888,668.521
10,941,017.499
1,640,49L145
2,588,142.167
947,651.022
VALUE OF THE ORIGINAL DEPOSITS AND REDEPOSITS OF GOLD BULLION AT THE MINTS
AND ASSAY OFFICES OF THE UNITED STATES DURING THE FISCAL YEARS 1899 AND
1900, AND INCREASE OR DECREASE OF THE SAME DURING THE LATTER YEAR.
Fiscal year.
Classification of deposits of gold.
1899.
1900.
$18,116,206.86
17,420,866.54
40,715,413.83
$20,893,416.77
16,517,990.23
50,047,429.23
Increase, 1900. Decrease, 1900.
• ORIGINAL DEPOSITS.
Domestic:
Unrefined
Refinery bars
Refined bars
Domestic coin:
Purchases
Treasury transfers
Foreign bullion:
Unrefined
Refined
Foreign coin
Jewelers' bars old plate, etc
Total original deposits
802,420.88
355,886.69
•
988,804.21400,292.47
$2,777,209.91
9,332,015.40
$902,876.31
186,383.33
44,405.78
11,601,885.78
18,734,673.69
32,785,152.48
2,964,683.90
19,504,450.55
3,215,699.67
18,834,495.53
3,517,540.93
7,902,564.77
143,497,190.65
133,920,119.59
20,795,436.22
26,551,989.15
31,161,908.41
19,973,442.40
27,136,397.93
13,383,927.09
29,113,369.27
9,139,926.87
552,857.03
15,518,974.02
13,950,656.95
30,372,507.28
• REDEPOSITS.
Fine bars
;
Mint bars
Unparted bars
Total redeposits.
Total gold operated upon
Net decrease
584,408.78
17,777,981.32
77,687,339.96
69,633,694.29
9,724,335.65
17,777,981.32
221,184,530.61
203,553,813.88
30,519,771.87
48,150,488.60
17,630,716.73
206
BEPORT ON THE FINANCES.
DEPOSITS OF SILVER BULLION, FISCAL YEAR 1900.
Including silYer contained in gold deposits, the deposits and pur
chases of silver during the fiscal year ended June 30, 1900, exclusiYe
of redeposits, amounted to 11,396,137.41 standard ounces, against
14,073,454.20 standard ounces reported for the previous j^ear.
Deposits of silver bullion may be made at a mint or assay office for
conversion into bars, and these, when delivered to the depositor and
disposed of by him, may find their way to another one of the Government institutions. These bars, bearing the stamp of the mint serYice,
are then classified as redeposits.
The aggregate of all deposits and purchases, including redeposits,
at all the mints and assay offices shows the total operations of the
mint service. This aggregate of silYcr receiYed in the fiscal year was
30,251,652.09 standard ounces.
The deposits of domestic bullion amounted to 5,531,086.26 standard
ounces, oi .which 435,296.07 standard ounces were in a crude condition,
direct from miners operating in Yarious States, 96,142.38 standard
ounces of refinery bars (less than 0.992 in fineness), and 4,999,647.81
standard ounces in refined bars (fineness of 0.992 and over), being
bullion receiYed by priYate refineries and chlorination and cyanide
works.
Uncurrent and mutilated domestic coins were received for recoinage
containing 3,986,657.55 standard ounces, of the coinage value in silver
dollars equal to 14,639,019.69, or the coinage value in new subsidiary
coins equal to 14,960,070.60. Of this amount 3,983,126.26 standard
ounces were received from the Treasury, and 3,531.29 standard ounces
were received over the counter at the various mints and assay offices.
Foreign silver bullion, unrefined, containing 1,208,909.59 standard
ounces, were receiYed, as shown by the following table:
DEPOSITS OF U N R E F I N E D FOREIGN SILVER
Country of production.
Canada:
British Columbia
Klondike (Northwest Territory)
Ontario and Quebec
NoA^a Scotia
Winnipeg
Manitoba
other
,
Mexico
Central America
South America
Cuba
Haiti
SantoDomingo
Porto Rico.
Philippine Islands
South Africa
Japan
Korea
New Zealand.
Unknown
Total..
BULLION.
standard
ounces.
Coining value.
23,346.62
195,140.77
6,840.61
1,558.16
12.00
2.63
23.48
946,902.55
25,038.61
7,566.20
1,021.54
9.09
1.37
9.36
3.37
2.89
.04
74.09
.30
1,355,91
$27,166.98
227,072.90
7,959.98
1,813.13
13.96
3.06
27.32
1,101,850.24
29,135.84
8,804.30
1,188.70
10.58
L59
10.89
3.92
3.36
.05
86.21
.35
1,577.78
1,208,909.59
1,406,731.14
There were no deposits of refined foreign bullion.
Foreign silYcr coins containing 49,671.36 standard ounces were
deposited as shown by the following table:
207
DIRECTOR OF T H E MINT.
DEPOSITS OF FOREIGN SILVER COIN.
Standard,
ounces.
Country of coinage.
Spain
South America
Haiti
other
Coining value.
1,369.61
34,446.30
4,722.37
9,133.08
Total
$1,593.73
40,082.97
5,495.12
10,627.59
49,671.36
.
57,799.41
Jewelers' bars, old plate, etc., containing 619,812.65 standard ounces,
were deposited.
The redeposits contained 18,855,514.68 standard ounces, as shown by
the following table:
REDEPOSITS OF SILVER BULLION.
,
Institution at which redeposited.
Institution at which manufactured
Fine bars.
Philadelphia.
San Francisco. New Orleans, New York,
Stand, ozs.
Philadelphia
San Francisco
NewYork
476.13
Total
Total.
Stand, ozs.
5,116,729.12
151,316.82
Stand, ozs.
Stand, ozs. . Stand, ozs.
13,116,331,86
18,233,060.98
151,316.82
6,898.87
7,375.00
5,268,045.94
13,116,331,86
476,13
6,898,87
18,391,752.80
Institution at which redeposited.
Institution at which manufactured.
Standard bars.
New Orleans.
Philadelphia
San Francisco
Carson
New York
Denver
Boise
Helena
Charlotte.
St. Louis
Deadwood
Seattle
Stand, ozs.
1,035.46
Unparted bars.
Philadelphia. San Francisco. New York,
Stand, ozs.
6.78
135,199.14
Total
136,234.60
Stand, ozs. Stand, ozs.
48.85
5,785.99
21.SA
82,331.82
28,344.55
33,139.87
1,104.95
1,049.19
2,277.66
2.48
170,58i. ie
148,257.30
.
:..
Stand, ozs.
Denver.
176,416,00
3.56
65.16
68.72
27.34
Institution at which redeposited.
Institution at which manufactured.
Unparted bars.
Boise.
Philadelphia
San FrancisciD
Carson
Denver
Boise
Helena
Charlotte
St Louis
Deadwood
Seattle
Total
Stand, ozs.
Seattle.
Helena:
Stand, ozs. Stand, ozs.
St, Louis.
Stand, ozs.
9,78
2,740.74
5,52
L88
2,740.74
1.88
5.52
9.78
Total.
Stand, ozs.
6.78
48.85
5,785.99
82,368. 94
31,088.85
33,210.55
1,104.95
1 049.19
2,277.66
170,585.52
.327.527.28
208
REPORT ON T H E F I N A N C E S .
The following tables exhibit the weight and value of deposits and
purchases of silver:
,
W E I G H T OF THE ORIGINAL DEPOSITS AND REDEPOSITS OF SILVER BULLION AT THE
MINTS AND ASSAY OFFICES OF THE UNITED STATES DURING THE FISCAL YEARS
1899
AND
1900
AND THE
INCREASJE OR DECREASE OP THE S A M E D U R I N G THE
LATTER
YEAR.
. Fiscal year.
Classification of deposits of silver.
Increase, 1900, Decrease, 1900.
1899.
1900.
Standard ozs.
442,360.25
75,746.00
5,687,361.75
Standard ozs.
435,296.07
96,142.38
4,999,647,81
Standard ozs.
2,994.28
6,509,016.99
195.70
3,28L83
3,983,126.26
227.12
22.34
287.55
771,004.72
24,636.52
21,535.67
538,612.32
1,208,909.59
437,904.87
49,671.36
619,812.65
28,135.69
81,200.33
14,073,454.-20
11,396,137.41
567,978.58
13,847,637.13
16,136,72
305,272.20
295,904.61
18,391,752.80
4,544,115.67
136,234.60
327,527.28
31,622.67
14,464,950.66
. 18,855,514,68
4,575,738,34
185,174.32
28,538,404.86
30,251,652,09
5,143,716,92
1,713,247,23
3,430,469.69
ORIGINAL DEPOSITS'.
Domestic:
i
Unrefined
'
Refinery bars
Refined bars
Domestic coin:
Purchases
'
Treasury transfers
'
Trade dollars
Lafayette souvenir dollairs
Foreign bullion:
i
Unrefined
'
Refined
Foreign coin
Jewelers' bars, old plate, etc
•
Total original deposits.
20,396.38-
Standard ozs.
1,054,18
687,713.94
31.42
22.34
2,525,890.73
24,636.52
3,245,295.37
REDEPOSITS.
Fine bars
Mint bars
Standard bars..
Unparted bars
Total redeposits
:
•
i
:
I
Total silver operated upon
Net increase
16,136.72
169,037.60
VALUE OF THE ORIGINAL DEPOSITS AND REDEPOSITS OF SILVER BULLION AT THE
MINTS AND ASSAY OFFICES OP THE UNITED STATES DURING THE FISCAL YEARS 1899
AND 1900, AND THE INCREASE OR DECREASE OF THE SAME DURING THE LATTER
YEAR.
:
Fiscal year.
r,4lV...,«
1899,
1900.
Increase, 1900. Decrease, 1900.
ORIGINAL DEPOSITS, i
1
Domestic:
Unrefined. ' ."
lRefinerybars
Refined bars
Domestic coin:
Purchases
Treasury transfers
Trade dollars
Lafayette souvenir dollars
Foreign bullion:
Unrefined
Refined :
Foreign coin
Jewelers' bars, old plate, etc . i
$506,526.30
111,874.77
5,817,771.99
3,484,25
7,574,128.86
227.73
3,818.84
4,634,910.56
264.29
26.00
334.59
897,169.11
28,667.95
25,059.68
626,748.88
1,406,731.14
509,562.03
57,799.41
721,236.54
32,739.73
94,487.66
16,376,383.03
Total original deposits . .
$514,734.83
88,140.79
6,618,020.95
13,260,959.84
660,920.55
16,113,614.11
18,777.27
355,225.83
344,325.37
21,401,312,35
5,287,698.24
158,527.53
381,122.64
36,797.27
$23,733.98
36,56
26.00
$8,208:53
800,248.96
2,939,218.30
28 667 95
3,776,343.74
REDEPOSITS.
Fine bars
Mint bars
Standard bai:s
Unparted bacs '.
J
;
i
'
1
Total redeposits
.'
/
L ...
Total silver operated upon
Net increase
18,777.27
196,698.30
16,831,942.58
21,940,962.52
5,324,495.51
215,475.57
33,208,325.61
35,201,922,36
5,985,416.06
1,993,596.75
3,991,819.31
209
DIEEOTOB OF T H E MINT.
VALUE OF THE GOLD AND SILVER (NOT INCLUDING REDEPOSITS)
MINTS AND ASSAY OFFICES SINCE 1880.
Fiscal years.
1880
1881
1882
1883
1884
1886
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
.
Silver (coin- Total value.
ing value).
Gold.
$34,640,522
30,791,146
33,720,491
36,869,834
36,520,290
36,789,774
35,494,183
47,756,918
41,331,014.
41,238,151
42,644,719
71,985,985
83,177,666
84,233,832
28,697,031
16,234,700
11,672,078
9,470,623
13,261,600
16,376,383
13,260,960
$98,835,096
130,833,102
66,756,652
46,347,106
46,326,678
62,894,076
44,909,749
68,223,072
72,225,497
42,136,436
42,663,095
48,486,801
61,131,460
46,449,842
71,909,613
66,161,067
68,769,384
87,003,338
147,693,195
143,497,191
133,920,119
'
.
:
RECEIVED AT THE
$133,476,618
161,624,248
100,477,143
83,216,940
82,846,968
89,683,849
80,403,932
115,979,990
113,566,511
83,374,587
85,307,814
120,471,786
144,309,126
130,683,674
100,606,544
80,395,767
80,441,462
96,473,961
160,964,795
159,873,574
147,181,079
DEPOSITS OF GOLD SINCE 1873.
The value of the deposits of gold bullion, coin, and jewelers' bars at
the inints and assay offices of the United States, by fiscal years, since
1873 is exhibited in the following table:.
DEPOSITS OF GOLD AT UNITED STATES MINTS AND ASSAY OFFICES SINCE 1873.
^
Character of gold.deposited.
Fiscal
.•
ended
June
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
Domestic
bullion.
Domestic
coin (coining
value).
$28,868,569.78 $27,116,948.27
29.736.387.82 6,275,367.29
1,714,311.60
34,266,124.62
417,947.16
37,590,529.39
43,478,103.93 . 447,339.68
301,021.79
.48,075,123.76
198,083.17
38,649,706.89
209,328.82
35,821,706.40
440,776.97
35,815,036.55
.599,356.80
31,298, 5n. 97
374,129.23
32,481, 642.38
263,117.17
29,079,596.33
325,210.97
31,584,436.64
32,456,493.64
393,545.28
32,973,027.41
516,984.63
32,406,306.69
492,512.60
31,440,778.93
585,066.87
30,474, 900.25
655,474.96
31,656,116.85
583,847.16
31,961,546.11
657,967.86
33,286,167,94
792,470.43
38, 696,951.40 2,093,615.46
44.371.949.83 1,188,268.21
53,910,957.02 1,670,005.53
60,618,239.77 1,015, 314. 39
69,881,120.57 1,187,682.99
76,252,487.23 1,158,307.57
87,458,836.23 1,389,096.68
Foreign
bullion.
Foreign coin
(U. S. coining
value).
Jewelers'
bars, old
plate, etc.
$426,107.44
3,162,519.92
739,439.66
1,141,905.76
1,931,163.12
2,068,679.06
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
4,064,822.86
10,935,154. 69
2,247, 730.78
15,614,118.19
14,108,435. 74
6,572,390.14
9,371,521.03
26,477,370.06
30.336,659.47
22,720,150.22
$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
66,462,385.74.
20,304,810.78
6,906,083.80
9,095,461.46
7,893,217.77
5,673,565.04
9,896,512.28
14,596,885.03
4,447,475.99
5,298,773.93
8,266,303.80
14,040,187.70
6,293,296.33
12,386,406.81
2,278, 614.07
'3,227,409.06
13,188,013.86
47,210,077,84
32,785,162,48
18,834,496.53
$774,218.25
654,353.56
724,625.96
681,819.32
837,911.25
907,932.20
937,751.14
1,176,506.77
1,343,430.93
1.770.166.36
1.858.107.42
1,864, 769.26
1,869,363.26
2,069,077.00
2,265,219.86
2,988,750.90
3,626,697.31
3,542,013.83
4,035,710.15
3,636,603.68
3,830,176.02
3,118,421.45
3.213.809.43
3,388,622.06
2,810,248.66
2.936.943.37
2,964,683.90
3,617,540.93
Total.
$57,704,385.88
49,142,511.06
38,566,293.90
41,943,286.42
48,787,778.71
52,669,217,89
42,254,156.80
98,835,096.85
130,833,102.46
66,756,652.96
46,347,106.05
46,326,678.66
52,894,075.09
44,909,749.23
68,223,072.87
72,225,497.66
42,136,435,76
42,663,095.26
48,485,800.82
61,131,460,04
46,449,841.50
71,909,613.31
66,161,067,28
68,769,383,81
87,003,337.71
147,693,194,83
143,497,190,66
133,920,119,59
Total.... 1,144,390,354.13 52,963,089.43 300,164,754.03 356,465,631.12 63,245,373,22 1,917,229,101.93
FI 1900
U
210
REPORT OK T H E FIKANOES.
COINAGE OF THE UNITED STATES.
• Coinage operations were conducted duringthe fiscalyear 1900 at
the inints at Philadelphia, San Francisco, and New Orleans and
amounted to 184,373,793 pieces, of the value of $141,351,960.36, which
includes 50,000 Lafayette souvenir silver dollars authorized under act
approved March 3, 1899, for the purpose of aiding in defraying the
cost of pedestal and; completing the work of erecting a monument in
Paris to General Lafayette.
The coinage of nickel and bronze is confined by law to the mint at
Philadelphia, at which institution 101,301,753 pieces, of the value of
$2,243,017.21, were manufactured.
^
/
.
The foUowing table exhibits the coinage by denominations, pieces,
and value:
COINAGE EXECUTED AT THE MINTS OF THE UNITED STATES DURING THE FISCAL YEAR
1900.
Pieces.
Denominations.
Gold:
Double-eagles
Eagles
Hailf-eagles
Quarter-eagles
1
'
'
.
.
- - - --
-
3,924,636
2,177,934
1,506,811
54,406
$78,492,700.00
21,779,340.00
7,529,055.00
136,015.00
7,662,786 » 107,937,110.00
Total gold .-.
Silver:
Standard dollars
Lafayette souvenir dnlla.rs'
Total dollars
.
Value.
. ..
Subsidiary:
Half-dollars...
Quarter-dollars .
Dimes-.
18,244,984
50,000
18,294,984
"
.
.
1
J
-
18,244,984.00
50,000.00
18,294,984.00
10,689,717
19,263,569
27,160,984
5,344,858.50
4,815,892.25
2,716,098.40
Total subsidiary
57,114,270
12,876,849.15
Total silver
75,409,254
31,171,833.15
, 30,749,992
70,651,761
1,637,499.60
705,517.61
Minor:
Five-cent nickels
Once-cent bronze
. . . . . . _ .
Total minor
101,301,753
2,243,017.21
Total coinage
184,373,793
141,351,960.36
The standard silver dollars embraced in the above table (18,244,984)
were coined from the balance of the silver bullion on hand, purchased
under the act of J u l y 14, 1890, and contained 15,679,283.13 standard
ounces of silver, costing $12,767,731.85.
The seignorage, or profit, on this coinage was $5,477,252.15, which
has been deposited in the Treasury of the United States.
Of the subsidiary coinage,- $12,876,849.15, executed during the year
$4,765,512.75 were from bullion received from the Treasury for
recoinage and $8,111,336.40 from silver bullion purchased under the
provision of section 3526 of the Eevised Statutes.
The loss on the recoinage of $1,401,454.50 in worn and uncurrent
gold coins was $12,352.82, and the loss on the recoinage of $5,261,070.35
in worn and uncurrent silver coins was $300,981.39, for which the
Treasurer of the United States was reimbursed from the appropriation
for that purpose.
:
211
DIRECTOR OF THE MINT.
The number of pieces of domestic coin manufactured by the mints
of the United States during the fiscal j^ears 1899 and 1900, and the
increase or decrease in the number of pieces coined in the last year
named, are shown in the following table:
COINAGE OP THE MINTS OF THE UNITED STATES, BY PIECES, DURING THE FISCAL
YEARS 1899 AND 1900, AND THE INCREASE OR DECREASE OF THE SAME DURING
THE
LATTER
YEAR.
Fiscal year.
Increase,
1900.
Classification of coinage.
1899.
1900.
Pieces.
8,991,473
18,254,709
45,492, 677
49,632,086
Total
Pieces.
7,662,786
18,244,984
57,114,270
101,301,753
11,621,593
51,769,667
122,270,946
Gold coin
Silver dollars
Subsidiary silver coins
Minor coins
184,323,793
63,391,260
Pieces.
Decrease,
1900.
Pieces.
1,328,687
9,726
1,338,412
The value of the domestic coinage executed by the mints of the
United States during the fiscal years 1899 and 1900 and the increase or
decrease in the nominal value of the coinage during the year named is
shown by the following table:
COINAGE OP THE MINTS OP THE UNITED STATES, BY VALUE, DURING THE FISCAL
YEARS 1899 AND 1900, WITH THE INCREASE OR DECREASE OP THE SAME DURING
THE
LATTER
YEAR.
Fiscal year.
Classification of coinage; .
Gold coins
Silver dollars
Subsidiary silver coins
Minor coins
1899.
1900.
: $108,177,180.00 $107,937,110.00
18,254,709.00
18,244,984.00
9,466,877.65 12,876,849.16
2,243,017.21
956,910.14
Total
136,856,676. 79
141,301,960.36
Increase, 1900. Decrease, 1900.
$3,4.09,971.50
1,286,107.07
4,696,078.57
$240,070.00
9, 725.00
249,796,00
The number of silver dollars coined from bullion purchased under
the act of July 14, 1890, from August 13, 1890, to June 30, 1900,
aggregated 115,250,950 pieces, containing 89,139,406.63 ounces of fine
silver, costing $83,963,270.94, giving a seigniorage of $31,287,679.06.
All profits on the coinage of silver dollars are deposited each month in
the Treasury of the United States.
The aggregate number of silver dollars coined from March 1, 1878,
to June 30,1900, under the provisions of the acts of February 28,1878,
July 14, 189D, and March 3, 1891, was 498,496,215, as shown by the
folloAving table:
COINAGE OP SILVER DOLLARS.
• •
Coinage under act ofFeb. 28,1878 (Bland-Allison)
From July 14,1890, to repeal of the purchasing clause of the Sherman Act,
Oct, 31, 1893
$36,087,286
From Nov, 1,1893, to June 12,1898
42,139,872
Coined under the war-revenue bill approved June 13,1898
,
37,023,793
Total under act of July 14,1890
Mar. 3,1891 (recoinage of trade dollars)
Total...
$378,166,793
115,250,,950
5,078,472
498,496,215
212
REPORT
ON T H E FINANCES.
There are exhibited in the appendix tables showing by denominations and values domestic coins manufactured. during the fiscal year,
and also tables of the total coinage by denominations, institutions, and
5^ears from the establishment of the Mint in 1792.
The following table exhibits the number of fine ounces and value of
gold and silver coinage of the United States, by calendar years, since
1873:
COINAGE OF GOLD AND, SILVER AT THE M I N T S OF THE UNITED STATES SINCE 1873.
Silver."
Gold. .
Calendar years.
F i n e ounces.
Value.
F i n e ounces.
Coining
value.
1
1873 '.
1874
1876
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1896
1896
1897
1898
1899 '.
i
:
:
. '.
i
.
i
i
:
:
1
:
:
;
i
..
i .
i
. .
'
.
'
L
.'
..1
:
Total
. . .
2,758,475
1,705,441
1,594,050
2,253,281
2,128,493
2,408,400
1,890,499
3,014,163
4,685,162
3,187,317
1,414,581
1,160,601
. 1,343,519
1,400,240
1,159,664
1,518,046
1,035,899
990,100
1,413,614
1,682,832
2,757,231
3,848,045
2,883,941
2,276,192
3,677,878
3,772,561
5,386,277
3,112,891
$4,024,748
5,299,421
6,851,777
11,870,636
16,347,893
18,951,777
24,603,308
21,960,246
28,393 045
22,057,548
28,518,850
21,323,498
27,569,776
21,201,232
27,411,694
21,609,970
27,940,164
21,635,469
. 27,973,132
22,620,701
29,246,968
22,069,-936
28,534,866
22,400,433
28,962,176
24,817,064
32,086,709
27,218,101
35,191,081
25,643,242
33,025,606
27,454,466
35,496,683
30,320,999
39.202:90S
21,284,115 1
27 .518.8,57
9,777,084
12,641,078
6,808,413
8,802,797
7,115,896
9,200,351
4,407,056
5,698,010
17,858,594
23,089,899
14,298,769
18,487,297
17,815,385
23,034,033
20,156,957
26,061,520
$57,022,748
36,254,630
32,951,940
46,579,453
43,999,864
49,786,052
39,080,080
62,308,279
96,850,890
65,887,685
29,241,990
23,991,766
27,773,012
28,945,542
23,972,383
^ 31,380,808
21,413,931
20,4.67,182
29,222,006
34,787,223
56,997,020
79,546,160
59,61"6,358
47,053,060
76,028,486
77,985,757
111,344,220
63,346,502 1,309,488,513
490,989,895
634,816,226
In the appendix atable will be found showing the value of the coinage executed by each mint since 1792.
COINAGE FOR FOREIGN
COUNTRIES.
During the fiscal year 1900 the mint at Philadelphia coined, in addition to the domestic coinage, .320,000 gold pieces, of the value of
$1,396,050.24, for the Government of Costa Rica, as shown by the following table:
COINAGE FOR COSTA RICA.
Value in
United States
money.
Denominations.
20 colones.
10 colones.
5 colones..
30,000
190,000
100,000
$279,209.68
884,166.14
232,674.42
Total
320,000
1,396,050.24
213
DIRECTOR OF THE MINT.
RECOINAGE OF STANDARD SILVER DOLLARS.
No mutilated or uncurrent standard silver dollars were transferred
from the Treasury to the mints for recoinage during the fiscal year
1900. There were, however, purchased as bullion 1,341 mutilated
silver dollars, which were for use in the manufacture of subsidiary
silver coins.
The total number of mutilated and uncurrent silver dollars received
and melted at the mints and at the assa}^ office at New York from 1883
to the close of the fiscal year 1900 is shown in the following stateinent:
Fiscal year.
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
Amount.
$621
.•
1,850
"
8,292
14,055
31,042
11,977
10,800
42,881
-
Fiscal year.
1893
1894
1895
:
1896. . .
1897
1898
1899.
. . .
1900...
Amount.
$10,500
15,055
18,580
2,034
1 898
1 365
1,734
1,341
.
Total
...
174,025
BARS MANUFACTURED.
During the fiscal year 1900 there were manufactured by the mints
and assay offices of the United States gold and silver bars of the value
of $103,916,476.16.
GOLD AND SILVER BARS MANUFACTURED DURING THE FISCAL Y E A R
Standard
ounces.
Description.
Gold
Silver
Total
.
.
6,120,610.336
7,432,998.38 .
. • .
-.
1900.
Value.
$95,267,169.02
8,649,307.14
103,916,476.16
WORK OF GOVERNMENT REFINERIES.
There were received and operated upon by the refineries connected
with the mints at Philadelphia, San Francisco, and New Orleans and
the assay office at New York during the fiscal 3^ear 1900 gold bullion
containing 2,712,332.875 standard ounces and silver bullion containing
6,101,510.64 standard ounces of the total coining valueof $57,561,946.62,
as shown by the following table:
REFINERY OPERATIONS, FISCAL Y E A R
Gold.
Institution.
Philadelphia
San Francisco
New Orleans
New York
Total
Standard
ounces.'
1900.
Silver.
Value.
Standard
ounces.
Value.
Total value.
798,18"6.261 $14,849,976.96
1,081,460.243 20,120,190.56
41,029.731
763,343.83
791,656. 640
14,728,495.63
1,787,685.72
737,949.21
123,780.84
3,452,094.87
$2,080,216.11
858,704.53
144,036.89
4,016,983.12
$16,930,193.06
20,978,895.09
907 379.72
18,745,478.75
2,712,332,875
6,101,510.64
7,099,939,66
57,561,946.62
50,462,006.97
214
REPORT ON T H E F I N A N C E S .
In order to show the amount of the above-mentioned silver bullion
refined by the Government refineries on which amount charges were
received and which was handled for parting purposes, the following
table is submitted:
SILVER BULLION ON WHICH CHARGES W E R E COLLECTED.
Silver bullion refined.
Philadelphia.
San
Francisco.
New Orleans. New York.
Total.
Bullion on which charges were Standard ozs. Standard ozs. Standard ozs. Standard ozs. Standard ozs.
6,064,22 1,583,610.25 2,453,282.05
241,432.16
623,175.42
collected
:. .
Silver owned by the Goverhment returned to the refinery
for parting purposes on whi ch
118,716.62 1,868,484.62 3,648,228.59
there were no charges
;.. 1,546,253.56 '. 114,773.79
Total
L. 1,787,685.72
PURCHASE
737,949.21
OF
123,780.84
3,452,094.87
6,101,610,64
SILVER.
The purchasing clause of the act of July 14, 1890, having been
repealed on November 1, 1893, the purchase of silver bullion by the
Government since that date has been confined to the silver contained
in deposits of gold bullion, fractions of silver for return in fine bars,
the amount retained in pa^anent for charges on silver deposits, surplus
bullion returned by the operative officers at the annual settlement at the
close of the fiscal 3^ear, and uncurrent domestic silver coin purchased
under section 3526 of; the Revised Statutes for subsidiary coinage.
The quantity in standard ounces and the cost of silver purchased for
the subsidiary coinagb during the fiscal 3^ear ended June 30, 1900, are
shown in the following tables :
SILVER PURCHASED FOR SUBSIDIARY COINAGE DURING T H E FISCAL Y E A R
Standard
ounces.
stock.
Partings, charges, and fractions'purchased.
Melted assay coins purchased-.'
Mutilated coins purchased.
Surplus bullion purchased...'.. L
'.
•..
Amount transferred from mint at Carson to mint at San Francisco
Total
I
•
a 1,269,268.65
833.89
2,064.74
14,868.64
3,020.02
1900.
Cost.
$896,361.57
994.97
1,087.90
8,818.51
1,606.91
1,290,056.94
a Of this aniount, 689,906.46 standard ounces, costing $592,517.20, were received by transfer from the
United States assay office at New York.
QUANTITY AND COST OF SILVER P U R C H A S E D FOR SUBSIDIARY COINAGE AT EACH M I N T
AND A T T H E N E W Y O R K A S S A Y O F F I C E D U R I N G T H E F I S C A L Y E A R 190.0.
Institution.
Mint at Philadelphia
Mint at San Francisco . . .
Mint at NCAV Orleans.....
Assay office at New York
Total
Standard
ounces.
869,753.53
a260,379.27
18,465.96
141,467.18
Cost.
$688,186.72
134,506.20
10,159.38
76,016.56
1,290,055.94
a Includes 3,020.02 standard ounces, costing $1,605,91, transferred from mint at Carson.
215
DIRECTOR OF T H E MINT.
The amount and cost of silver for the subsidiary coinage, the sources
from which the metal was obtained, and the coinage derived therefrom,
during the fiscal year 1900, are shown in the table following:
QUANTITY AND COST OF METAL OBTAINED BY TRANSFER AND PURCHASE FOR SUBSIDIARY SILVER COINAGE AND COINAGE DERIVED THEREFROM DURING THE FISCAL YEAR
1900.
Standard
ounces.
Sources from which bullion was obtained.
•
Cost.
Coinage,
MINT AT P H I L A D E L P H I A .
Uncurrent coins transferred from Treasury
Partings charges,and fractious purchased. .
Amount transferred from act July 14, 1890
Melted assay coins purchased
Mutilated coin.? purchased
.
<
Surplus bullion purchased
Total
3,281,238.56
a 855,497.65
,3,951,678.49
833.89
1,621.88
11,800.11
. • 8,102,670.58
$4,082,411.89
679,221.20
3,217,623.07
994. 97 \
855.99
• 7,114.56
3,582,000,00
5,603,836,40
1
7,988,12L68
J
'9,185,836,40
MINT AT SAN FRANCISCO.
Uncurrent coins transferred from Treasury
Partings, charges, and fractions purchased
Amount transferred from mint at Philadelphia.......
Amount transferred from mint at Carson
Amount transferred from act July 14,1890
Mutilated coins purchased
Surplus bullion purchased
Total
148,704.00
254,241.82
401,876.00
3,020; 02
1,061,305.00
48.90
3,068.53
185,012.75
131,170.42
397,218.85
1,605.91
856,076. 68 >
'25.92
1,703.95
385,012,75
1,919,000,00
1,862,263,27
1,672,813.48
2,304,012.76
663,183.70
18,072.00
522,437.60
30,957.18
393.96
688,253.44
9,953. 39
460,088.36
. 25,208.46
205.99
798,500.00
1,125,044.34
1,183,709.64
1,387,000.00
3,983,126.26
1,127,811.47
5,033,840,67
4,955,678.08
820,345.01
4,098,807.21
4,765,512.75
522,437.50
460,088.36
401,876,00
397,218.85 •
3,020.02
833.89
•. 2,064.74
• 14,868.64
1,605.91
994.97
1,087.90
8,818.51
11,089,878.19
10,744,'644.80'
MINT AT N E W O R L E A N S .
Uncurrent coins transferred from T r e a s u r y . . . . . . . . .
Partings charges and fractions purchased
Amount transferred from mint at Philadelphia
Amount transferred from act July 14,1890
Mutilated coins purchased
Surplus bullion purchased . . . ;
,
Total
688,500.00
SUMMARY.
Uncurrent coins transferred from Treasury
Partings, charges, and fractions purchased
Amount transferred from act July 14,1890
Amount transferred from mint at Philadelphia to
mint at New Orl cans
Amount transferred from mint at Philadelphia to
mint at San Francisco
Amount transferred from mint at Carson to mint at
San Francisco
Melted assay coins purchased .
.
Mutilated coins purchased
Surplus bullion purchased
Total
8, 111, 336.40
12,876,849.15
a Of this amount 689,906.46 standard ounces, costing $592,617.20, were received by transfer from the
United States assay office at New York.
216
REPORT ON T H E FINANCES.
The following table shows, by institutions, the total available stock
and cost of silver for the subsidiary coinage, the amount used in such
coinage during the fiscal year, and the balance on hand June 30,1900:
SILVER FOR SUBSIDIARY COINAGE, FISCAL Y E A R
1900
standard
ounces.
stock.
Cost.
MINT AT P H I L A D E L P H I A .
507,351.21
3,281,238.56
a 855,497.65
.3,961,578.49
833.89
1,621.88
11,800,11
$296,359.15
4,082,411.89
679,221.20
3,217,523.07
994,97
866,99
7,114.56
8,609,921.79
8,284,480.83
7,383,116,00
401,875,00
522,437.60
9,140.20
8,633.17
284,719.92
7,118,857.08
397,218.85
460,088.36
5,379.23
5,205.14
297,732.17
8,609,921.79
8,284,480.83
22,699.24
148,704.00
254,241.82
401,876.00
3,020.02
1,051,306.00
48,90
3,068.63
11,591.24
186,012.76
131,170.42
397,218.86
1,605.91
856,075.68
25.92
1,703.95
1,884,962,61
1,584,404.72
l,86i;850,25
4,865.16
675.86
27,671.24
1,565,928.92
2,788.07
375.35
16,312.38
1,884,962.51
1,584,404.72
19,731.74
563,183.70
18,072.00
522,437.50
30,957.18
393.96
24,549.55
688,253.44
9,953.39
460,088.36
25,208,46
205,99
J
1,144,776.08
1,208,259.19
Used in coinage, fiscal year 1900..;
Sold in sweeps
'
Balance on hand July 1, 1900
,
1,114,801.25
17,545.83
12,429.00
1,183,634,47
9,109,64
16,615,08
1,144,776.08
1,208,269.19
549,782.19
3,983,126.26
l,127,8n.47
5,033,840.67
332,499.94
4,955,678.08
820,345.01
4,098,807.21
Silver bullion on hand July 1,1899
Uncurrent coins transferred from Treasury
Partings, charges, and fractions purchased
Amount transferred from act July 14,1890
Melted assay coins pujchased..'
Mutilated coins purchased
Surplus bullion purchased
'.
'
s
Total
Used in coinage, fiscal year 1900
Amount transferred to mint at San Francisco
Amount transferred to mint at New Orleans
Sold in sweeps
.•
Wasted by operative officers
Balance on hand July 1,1900
Total
J
MINT AT SAN FRANCISCO.
Silver bullion on hand July 1,1899
Uncurrent coins transferred froro. Treasury
Partings, charges, and fractions purchased
Amount transferred 'from mint at Philadelphia
Amount transferred from mint at Carson
Amount transferred from act July 14,1890
Mutilated coins purhased
1
Surplus bullion purchased.. i . . . i
•.
Total
Used in coinage, fiscal year 1900
Sold in sweeps
J
Wasted by operative officers
Balance on hand July 1,1900
'
•.
Total
MINT AT N E W O R L E A N S .
Silver bullion on hand July 1,1899
Uncurrent coins transferred from! Treasury
Partings, charges, and fractions purchased
Aniount transferred from mint at Philadelphia
Amount transferred from act July 14,1890
Mutilated coins purchased
,
Total
Total
,
,
,
•
SUMlilARY.
Silver bullion on hand July 1, 1899
..*•........*..
Uncurrent coins transferred from i?reasury
Partings, changes, and fractions purchased
.'
Amount transferred from act July 14, 1890
Amount transferred from mint at Philadelphia to mint at New
Orleans
:
Amount transferred from mint at Philadelphia to mint at San
Francisco
,
Amount transferred from mint at Carson to mint a t San Francisco..,
Melted assay coins purchased
,
Mutilated coins purchased
Surplus bullion purchased
•
,
Total
522,437.50
460,088.36
401,875.00
3,020.02
833.89
2,064.74
14,868.64
397,218.86
1,605,91
994.97
1,087.90
8,818,51
11,639,660.38
11,077,144.74
a Of this amount 689,906,46 standard ounces, costing $592,517.20, were received by transfer from the
Digitized United States assay office at New York.
for FRASER
DIRECTOR OF T H E MINT.
217
SILVER FOR SUBSIDIARY COINAGE, FISCAL Y E A R 1900—Continued.
standard,
ounces.
Stock.
Cost.
SUMMARY—continued.
Used in coinage, fiscal year 1900
Amount transferred from mint at Philadelphia to mint at San
Francisco
Amount transferred from mint at Philadelphia to mint at New
Orleans
Sold in sweeps
Wasted by operative officers
Balance on hand July 1,1900
10,349,767.50
9,868,420.47
397,218.85
522,437.60
31,661.19
9,309.03
324,720.16
460,088,36
17,276.94
5,680.49
328,559.63
11,639,660.38
Total
401,875.00
11,077,144.74
The amount of fine silver, and cost of same, purchased under the
provisions of the act of July 14, 1890, the amount of such bullion
consumed in the coinage of standard silver dollars, the number of
dollars coined therefrom, and the seigniorage arising from such coinage from August 13,1890 (date when the law went into etfect), to June
30, 1900, the amount of this bullion consumed in the coinage of subsidiary coins under provisions of the act of March 14, 1900, with the
coinage and seigniorage on same, are shown by the following table:
AMOUNT AND COST OF SILVER BULLION PURCHASED UNDER ACT OP JULY 14, 1890,
AND USED IN THE COINAGE OF STANDARD SILVER DOLLARS, "WASTED AND SOLD IN
SWEEPS, NUMBER OP DOLLARS COINED AND SEIGNIORAGE ON THE SAME FROM
AUGUST 13 TO JUNE 30, 1900.
Disposition.
Fine ounces.
Cost;
168,674,682.53
$155,931,002.25
Used in coinage of standard silver dollars to June 30,1900
Used in coinage of subsidiary silver to June 30, 1900:
Wasted and sold in sweeps
Transferred to subsidiary silver purchase account
89,139,406.63
4,530,456.60
63,570. 37
.31
83,963,270 94
4,098,807.21
• 62,535.64
.25
Total amount used
Balance on hand June 30,1900
93,733,433.91
74,941,248.62
88,124,614.04
67,806,388.21
168,674,682.53
156,931,002.25
Total amount purchased, and cost of same
Total
. .
.
.
.
....
Coinage.
$115,250,950.00
6,262,943.30
Standard silver dollars coined to June 30 1900
Subsidiary silver coined to June 30,1900
Seigniorage.
$31 287,679.06
2,164,136.09
BALANCE OF SILVER BULLION PURCHASED UNDER ACT OF JULY 14, 1890, ON HAND
AT EACH M I N T AND THE N E W YORK ASSAY OFFICE JUNE 30, 1900.
,
Fine ounces.
Institutions.
Philadelphia. „
San Francisco
New Orleans
New York
Total
---
.'
Cost.
67,707,094.46
3,179,734.51
3,433,503.84
620,915.81
---
$61,261,006. 00
2,876,969.23
3,106,611.65
561, SOL 43
74,941,248.62
67,806,388.21
218
IREPORT ON T H E FINANCES.
The following tables show the amount, cost, average price per fine
ounce, and the bullion value of the silver dollar, of silver purchased
under the different acts, by fiscal years:
A M O U N T , COST, A V E R A G E P R I C E , A N D B U L L I O N V A L U E O F T H E S I L V E R D O L L A R , O F
S I L V E R P U R C H A S E D U N D E R A C T O P F E B R U A R Y 28, 1878.
Fiscal year.
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
..
Ounces, fine.
i
j
.......
i
. . . .
J
-
1.:
J
Total
10,809,350,68 $13,023,268.96
19,248,086.09 21,593,642.99
22,057,862. 64 26,235,081.53
19,709,227.11 22,327,874.75
21,190,200.87 24,054,480.47
22,889,241 24 25,577,327.58
21,922,951 52 24,378, 383.91
21,791,171 61 23,747,460.25
22,690,662 94 23,448,960.01
26.490.008.04 25,988,620.46
25,386,125.32 24,237,563.20
26,468,861.03 24,717,863.81
27.820.900.05 26,899,326.33
3,049,426.46
2,797,379.52
291,272,018.56
J.:
Cost.
308,279,260.71
Average Bullion
price per value of
ounce, a silver
dollar.
fine.
$1.2048
1.1218
1.1440
1.1328
1.1351
1.1174
1.1120
1.0897
1.0334
.9810
..9547
.9338
.9668
1.0901
$0.9318
.8676
.8848
.8761
.8779
.8642
.8600
.8428
.7992
.7687
.7384
.7222
.7477
.8431
1.Q583
.8185
AMOUNT, COST, A V E R A G E P R I C E , A N D B U L L I O N V A L U E OF T H E S I L V E R
S I L V E R P U R C H A S E D U N D E R A C T O P J U L Y 14, 1890.
Fiscal year.
j
Ounces, fine.
Total
. .
Average Bullion
price per value of
ounce, a silver
dollar.
fine.
05 $50,577,498.44
10 51,106,607.96
60 45,531,374.53
8,715,521.32
78
$1.0461
. 9402
. 8430
.7313
$0.8083
.7271
.6520
. 5656
168,674,682 63 165,931,002,25
.9244
.7150
48,393,113
54,355,748
54,008,162
11,917,668
1891
1892
1893
1894
Cost.
DOLLAR OP.
AMOUNT, COST, A V E R A G E P R I C E , A N D B U L L I O N V A L U E OF T H E S I L V E R D O L L A R O F
S I L V E R P U R C H A S E D U N D E R T H E A C T S O P F E B R U A R Y 12, 1873, J A N U A R Y 14, 1875,
F E B R U A R Y 28, 1878, A N D J U L Y 14, 1890.
Acts authorizing.
Ounces, fine.
Cost.
February 12,1873.
Januarv 14,1875
February 28,1878
July 14,1890
i.
,
•.
:.
5,434,282.00 $7,152,564.00
31,603, 906. 00 37,571,148.00
291,272,018.56 808,279,260.71
168,674,682.53 165,931,002.26
Total
I.
496,984,889.09
508,933,974.96
Average Bullion
price per value of
ounce, a silver
dollar.
fine.
$1.3162
1.1888
1.0583
.9244
•$1,0180
.9194
.8185
.7150
1.0240
.7920
BALANCES OF SILVER BULLION.
The balance of silver bullion on hand at the mints and assay offices of
the United States fpr the coinage of silver dollars, subsidiary silver
coins, and for payment of deposits of silver bullion in fine bars July 1,
1900, was:
!
219
DIEECTOE OF THE MINT.
Items.
Standard
ounces.
Purchased under act of .July 14, 1890
For subsidiary silvei coinage at mints and assay offices
At United States assay office. New Yor.k, for payment of deposits in
fine bars
83,268,054.02
345,471.42
Cost.
$67,806,388.21
340,926. 77
127,166.6z
77,248.33
83,740,690.96
Total...
68,224,562.31
M A R K E T P R I C E OF SILVER DURING FISCAL Y E A R 1900.
The fluctuations in the price of silver in the London market during
the twelve months ending June 30, 1900, were not of a wide range,
the lowest price being 26f d. and the highest price 28y\d.
For the first nine months of the fiscal year the market was sustained
mainly by purchases for India and the Straits Settlements, with small
demands on continental account, and also for the domestic coinage of
England and her colonies.
Early in April, 1900, a demand for silver came from China, which
continued for the remainder of the year, and this with the demand by
the Indian government caused the price to advance by the end of June
to 28y\d., the highest price of the year.
The average price of silver for the year, based upon daily London
quotations, was 27.3750d., equivalent at par of exchange to $0.60017
per ounce, fine, in United States money. At the lowest price, 26f d., the
equivalent in United States money of an ounce, fine, was $0.58365, and
at the highest price, 28T\d., it was $0.62612. At the lowest price, 26-|d.,
for the year, the bullion value of the silver dollar was 10.45141; a t t h e
highest price, 28TVd., $0.48426, and at the average price, 27fd.,
$0.46419.
At the highest market price for silver during the year the commercial ratio of silver to gold was as 1 to 33.01; at the lowest price, 1 to
35.41; at the average price, 1 to 34.44.
The number of grains of pure silver purchasable with $1 in United
States money at the highest price for silver during the year was 765.029
grains; at the lowest price, 822.410 grains, and at the average price,
799.773 grains.
HIGHEST, LOWEST, AND AVERAGE PRICE OP SILVER BULLION AND VALUE OP A F I N E
OUNCE, E A C H MONTH DURING THE FISCAL Y E A R 1900.
Months.
1899.
July
August ...
September...
October
November...
December...
1900.
January
February
March
April
,
May
,
June
,
Equivalent
Equivalent
Average value of a fine Average
Average
ounce based monthly
monthly
value of a
price per fine ounce price at New on average
HighNew York
York of ex- monthly price price of fine
est. Lowest. ounce, Brit- with exish standchange on and average bar silver.
change at
ard, 0.926. par ($4.8665) London.
rate of exchange.
Pence.
27f
m\
Pence.
- 27f
271
2611
271
2611
27^'
27?.
27|
271
27H
27^
27|
28^
Average.
27
27,%
27/.
27i%
27;
27:
Pence.
27,7150
27,6226
27,1490
26. 6875
27.0340
27.1666
1.60754
.'60562
. 69513
. 58502
.69279
. 69552
$4.8743
4.8633
4.8691
4.8666
4.8624
4.8708
27.3088
27.4765
27.5810
27.4150
27.5625
27.8293
. 59864
.60016
. 60460
. 60096
.60577
. 61006
4.8725
4.8748
4.8691
4.8756
4.8806
4.8696
.60346
.60363
.60208
.60619
.61043
27.3789
.60017
48
.
.60048
1.60853
.60509
.59430
.69221
.59585
1.61170
. 60847
. 59815
. 58966
. 59701
, 60000
.60226
. 60602
.60611
.60682
.61120
.60344
220
REPORT ON T H E F I N A N C E S .
H I G H E S T , LOWEST, AND AVERAGE P R I C E OF SILVER BULLION A N D VALUE OF A F I N E
O U N C E , E A C H M O N T H D U R I N G T H E C A L E N D A R Y E A R 1899.
Equivalent
Equivalent
Average lvalue of a fine
Average
Average
monthly
ounce based
value of a
monthly
price per
fine ounce price atNew| on average New York
HighLowest. ounce, Brit-| with exYork of ex- monthly pricej
est.
ish standchange on and average price of fine
change at
bar silver.
ard, 0.925. par C$4.8666),
London.
rate of exchange.
Months.
Pence.
271
27^
271
29
28f
28
27^
1899.
January
February
March
,
April
May
June
July
August
September...
October
November...
December . . .
Pence.
!m
: 271
271^
271
' 28
- 27H|
27|
27|
261B
^iK
27T%
Average.
1m
26H
26[
, 26i^
Pence.
27.4276
27.4349
27.4760
27.6576
28.1490
27.7716
27.7150
27.6226
27.1490
26.6875
27.0340
27.1666
1.60124
.60140
. 60230
.60628
.61706
. 60878
.60754
.60552
.59513
. 58502
.59279
. 59552
$4.8470
4.8594
4.8580
4.8577
4.8756
4.8800
4.8743
4.8633
4.8591
4.8666
4.8624
4.8708
.60062
.60117
.60654
.61794
.61040
.60853
.60509
. 69430
. 58465
. 59221
. 59586
1.60215
.60392
.60426
.60995
. 62192
.61366
.61170
. 60847
.59815
.58966
.59701
.60000
27.4409
. 60154
4.8646
.60133
.60607
Bullion value of a United States silver dollar, $0.46526; ratio of gold to silver, 34.36.
The following tablp exhibits the value of the pure silver in a silver
dollar at prices of silver per ounce, fine, from $0.50 to $1.2929, or parity:
V a l u e of
V a l u e of
V a l u e of
P r i c e of
P r i c e of
P r i c e of
p u r e silver
p u r e silver
silver p e r p u r e silver
silver p e r
1 silver p e r
in a
in a
in a
fine o u n c e . s i l v e r fiollar. fine o u n c e . s i l v e r d o l l a r . fine o u n c e . s i l v e r d o l l a r .
•
$0.50
.51
.52
.53
.54
.55
.56
.57
.58
.69
.63
.61
.62
.63
.64
.66
.66
.67
.68
.69
.7)
.71
.72
.73
.74
.75
.76
$0.S87
.394
.402
.'410
.418
.423
.;433
.441
.449
.456
.464
.4.72
.480
• .487
.496
.503
.61)
.518
.526
.534
549
.;557
.566
.^72
.583
.588
•
$0.77
.78
.79
.80
.81
.82
.83
.
.84
.85
.86
.87
.88
.89
.90
.91
.92
.93
.94
.96
.96
.97
.98
.99
LOO
LOl
L02
L03
$1.04
$0.596
.603
L05
.611
1.06
.619
L07
.626
1,08
.634
1.09
.642
1
1.10
.653
1
1.11
.657 .
L12
L13
.665 ~
.673
Lll
.681
L15
.688
L16
.696
1.-17 •
.704
L18
.712
LIO
.719
L20
.727
L21
.735
1.22
.742
L23
.760
L24
.758
1.25
.766
L26
.773
L27
.781
L28
.789
L29
.797 •
a L 2929
1
a Parity.
$0.804
.812
.82)
.828
.836
.843
.851
.869
.866
.874
.882
.889
.897
.905
.913
.920
• .928
.936
.944
.95L
.969
.967
.976
.982
.99)
.995
LOO
•
!
1
221
DIRECTOR OF T H E MINT.
HIGHEST, LOWEST, AND AVERAGE VALUE OF A UNITED STATES SILVER DOLLAR,
MEASURED BY THE MARKET PRICE OF SILVER, AND THE QUANTITY OF SILVER
PURCHASABLE WITH A DOLLAR AT THE AVERAGE LONDON PRICE OF SILVER, E A C H
Y E A R SINCE 1873.
B u l l i o n v a l u e of a silver d o l l a r . G r a i n s of p u r e
silver a t a v e r age price purchasable with a
Highest. Lowest. Average. United States
silver d o l l a r , a
Calendar years.
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
•.
-
V
$1.016
1.008
.977
.991
.987
.936
.911
•
.895
.896
.888
.868
.871
.847
.797
.799
.755
.762
.926
.827
.742
.657
.638
.532
.541
.505
.481
.491
$0.981
.970
.941
.792
.902
.839
.828
.873
.862
.847
.848
.839
.794
.712
.733
.706
.711
.740
.738
.642
.6]7
.457
.461
.504
.400
.424
.461
$1.004
.989
.961
.900
.929
.892
.869
.885
.876
.878
.858
.859
.823
.769
.758
.727
.723
.809
.764
.674
.604
.491
.505
. 622
.467
.456
.465
369.77
375 38
386.31
412 60
399.62
416 20
427.21
419 49
423.80
422 83
432.69
432.18
451.09
482.77
489 78
510.66
513 48
458 90
485.93
550 81
614.65
756.11
735.14
711 20
794.96
814.14
791.84
a 371.25 grains of pure silver are contained in a silver dollar.
A table in the appendix will be found showing the highest, lowest,
and average price of silver each year since 1833.
EXPORTS OF SILVER TO THE EAST.
The exports of silver from London to India, China, and the Straits,
' since 1881, have been as follows:
° Year.
1881
1882
1883
1884
3885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
:
.
...
India.
China.
Straits.
Total.
$12,375,612
18,604,946
18,040,140
26,073,909
30,913,667
21,159,591
19,798,328
21,162,116
28,392,786
35,673,177
21,717,992
35,180,897
34,319,877
24,391,351
17,638,610
23,874,942
28,260,305
20,984,625
26,697,912
$3,898,860
1,584,318
4,212,574
5,018,714
3,160,315
1,769,425
1,427,179
1,153,002
2,731,861
1,284,498
1,177,620
719,668
11,635,660
13,279,564
8,042,003
3,602,597
2,721,522
3,721, 656
6,929,117
$3,577,729
7,364,265
11,189,631
8,136,097
3,108,146
2,892,064
2,766,946
3,219,321
8,181,141
4,441,197
10,754,800
18,622,825
7,847,295
6,002,566
3,668,772
4,025,257
3,597, 331
1,971,443
. 1,396,223
$19,852,201
27,543,518
33,442,345
39,228,720
37,182,128
25,821,080
23,992,453
25,534,439
39,305,788
41,398,872
33,650,412
54,523,390
63,802,822
43,673,480
29,349,385
31,502,796
34,669,158
26,677,724
33,923,252
222
REPORT ON T H E FINANCES.
NET IMPORTS OF SILVER INTO INDIA SINCE 1835.
The net imports of silver into India, average rate of Indian rupee,
and amount of council bills sold, by fiscal years ended March 31, is
shown by the following table:
Year.
Net imports
of silver.
Avera g e r a t e A m o u n t of
of I n council
dian
bills sold.
rupee.
Pence.
1835-36 .,
1836-37 .,
1837-38 .
1838-39 .
1839-40 .
1840-41 .
1841-42 .
1842-43 .,
1843-44.
1844-45 .
1845-46 .
1846^7 ..
1847-48 -,
1848-49 .,
1849-50 .,
1850-51.
1851-52 .
1852-63 .
1863-54 .
1854-65 .
1855-56 .
1856-67 .
1857-58 .
1868-59 .
1859-60 .
1860-61 .
1861-62.
1862-63 .
1863-64 .
1864-65 .
1866-66 .
1866-67 &,
1867-68 ..
a $16, 118,960
6, 176,311
173,294
12, 671,392
7, 864.683
6, 679,118
5, 887,052
14, 068,739
17, 237,334
719.684
112,529
322,979
2, 204,565
1, 344,618
5, 810,633
10, 410,803
14, 016,886
22, 293.629
11, 279,345
138,797
40, 085,623
66, 413,964
61, 012,039
a 77, 283,420
a l l l , 476.630
a53, 280,090
43, 988,930
60, 757,238
61, 950,883
793,010
904,731
474,026
230,510
22*
23
23t
23i
23i
22^
2Sh
23
21f
21*
22t
22
21?
22i
24i
24i
23^
2^
23i
24i
25i
24|
23f
23^
231
23^
23*
23
23i
$9,953,224
9,938,522
8,303,149
11,419,685
7,005,448
5,715,461
12,600,746
5,827,332
13,634,624
12,248,742
14,919,273
15,071,750
7,503,189
9,193,767
14,283,752
15,750,223
13,516,816
16,152,236
18,738,775
17,860,191
7,222,081
13,722,119
3,059,077
124,451
22,843
3,879
6,809,277
32,321,230
43,698,839
33,040,970
33,900,604
24,661,422
20,134,097
Year.
1868-69..,
1869-70..,
1870-71..
1871-72..
1872-73..
1873-74..
1874-75..
1876-76.1876-77..
1877-78..
1878-79..
1879-80..
1880-81..
1881-82..
1882-83..
1883-84..
1884-85.-1885-86..
1886-87..
1887-88..
1888-89..
1889-90..
1890-91..
1891-92..
1892-93-.
1893-94..
1894-95..
1895-96..
1896-97..
1897-98..
1898-99..
1899-1900
Averrate
N e t i m p o r t s age In- A moouu n ti lof
of
c nc
of silver.
bills sold.
dian
rupee.
Pence.
330,842 •23i
$18,033,989
500,818
33,968,764
23i
273,507
41,090,337
221
574,254 23^
60,175,265
298,985 22*
67,834,606
311,401
64,654,752
22.351
916,698
52,7'60,715
22.221
826,414 21,645
60,294,062
911,149
61,784,106.
20,491
869,640 20,79
49,319,325
910,390
67,880,692
19,761
852,848 19.961 74,271,598
751,280
74,163,888
19.956
699,764 19.895
89,604,086
614,971
73,584,015
19.525
372,923
85,649,451
19.536
367,364 19.308
66,957,731
960,530
60,089,386
18.254
306,454 17.441
69.061.202
623,459
16.899
74,742,615
709,917
16.379
69.410.203
741,437 16. 566 75,306,635
993,287 18.089
77,713,304
611,949
16.733 78,320,740
083,615 14..984 80,454,024
466,665
14.546
46,378,884
812,318 13.100
82,268,679
206,409
13.641 85,278,607
163,165
14.454
76,028,915
447,429
16.393
44,271,918
442,585
15.979
91,064,157
653,240 16.068
92,495,079
aHupees.
& Eleven months.
•
'
c From 1858-59 to 1860-61, inclusive, the home treasury was open at all times for the sale of bills on
India, at rates altered from time to time by advertisement. Consequent on the mutiny, it was necessary to refrain from drawing on India, and exchange was raised to a prohibitory rate.
DISTRIBUTION OF SILVER DOLLARS.
During the fiscal year 1900 the number of silyer dollars distributed
from the mints was 5,512,666, against 1,036,128 during the fiscal year
1899, an increase in the distribution of these pieces during the fiscal
year 1900 of 4,476,538.
The number of silyer dollars on hand, the amount transferred, the
coinage, and the distribution from each mint is shown in the following
table:
|
DISTRIBUTION OF SILVER . DOLLARS FROM THE MINTS, FISCAL YEAR 1900.
Philadel- • San Franphia.
cisco.
Date.
Total
5,008,552
137,991 192
500,000
18,244,984
Total.
69,610,954
500,000
3,568,984
51,962,686
11,409,000
546,000
14,140,000
52,508, 686 25,549,000
5,008,552
156,736,176
51,775,509
21,197,000
5,000,000
7,047
5,000,000
146,223,510
73,243,954
51,775,509
21,197,000
5,007,047
151,223,510
425,984
733,177
4,352,000
1,506
5,512,666
Transferred from the mints to! Treasury . .
In mints, July 1,1900
i
73,243,954
Total
Carson.
73,669,938
In mints, July 1,1899
Transferred from Treasury for storage
Coinage fiscal year 1900
:. .
Distributed from mints '.
New
Orleans.
i..
.
DIRECTOR
THE
OF
CIRCULATION
THE
OF
223
MINT.
SILVER
DOLLARS.
The following table exhibits the total number of silver dollars coined,
the number held by the Treasury for the redemption of certificates and
Treasury,notes, thenumber held in excess of outstanding certificates,
and the number in circulation since November 1, 1886:
COINAGE, OWNERSHIP, A N D CIRCULATION OF SILVER DOLLARS.
In the Treasury.
Total coinage.
Date.
November 1—
1886
,
1887
,
1888
,
1889
1890
1891
,
1892
,
• 1893
1894.
1896
1896
,
1897
,
1898
1899 J u l y l '
1900 ( J u l y l '
244,433,386
277,110,157
309,750,890
343,638,001
380,988,466
409,476,368
416,412,835
419,332,560
421,776,408
423,289,309
439,652,141
452,713,792
466,836,597
480,251,231
498,496,215
SEIGNIORAGE
ON
SILVER
Held for pay- Held in exment of cer- cess of certifitificates
cates outoutstanding.
standing.
100,306,800
160,713,957
229,783,152
277,319,944
308,206,177
321,142,642
324,552,532
325,717,232
331,143,301
342,409,504
366,463,504
372,838,919
398,763,504
406.085,604
416;015,000
82,624,431
53,461,575
20,196,288
6,219,577
. 7,072,726
26,197,265
30,187,848
34,889,500
34,189,437
22,525,713
14,897,836
19,678,095
4,645,838
10,783,976
15,826,299
In circulation.
61,602,155
62,934,625
59,771,450
60,098,480
66,709,564
62,135,461
61,672,455
68,725,818
66,443,670
58,354,092
58,190,802
60,196,778
63,437,255
63,381,751
66, 654,916
COINAGE.
On July 1, 1899, the balance on hand at the mints on account of
profits accruing in the coinage of silver was $430,196.49.
The seigniorage on the coinage of silver during the fiscal year
1899 was, on silver dollars, $5,477,252.15, and on subsidiary pieces,
$3,008,428.68, a total seigniorage of $8,485,680.83.
There was no reimbursement on account of silver wastage and loss
on sale of sweeps. The net seigniorage on the silver coinage of the
fiscal year was $8,485,680.83, as stated above.
The amount deposited in the Treasury during the year was
$8,249,066.80, leaving a balance of $666,810.52 on hand at the mints
June 30, 1900.
Including the balance on hand at the mints July 1, 1878, the net
seigniorage or profits on the coinage of silver from that date to June
30, 1900, aggregated $102,275,480.12.
The seigniorage on the coinage of silver dollars under the act of
July 14,1890, from August 13,1890 (the date the act went into effect),
to June 30, 1900, was $31,287,679.06.
A table showing the seigniorage on the silver coinage during the
fiscal year at each mint and the disposition of the same will be found
in the appendix.
APPROPRIATIONS
AND
EXPENDITURES.
The act making appropriations for the legislative, executive, and
judicial expenses of the Government for the fiscal year ended June 30,
1900, contained specific appropriations for the support of the mints and
assay offices of the United States, amounting in the aggregate to
224
REPORT ON THE FINANCES.
$953,479.87. It was found necessary to procure additional appropriations to supply deficiencies in appropriations, as follows:
Wages of workmen, mint at Philadelphia
Contingent expenses, mint at Philadelphia
Contingent expenses, assay office at Boise
Wages and contingent expenses, assay office at Seattle
$100, 000
45,000
2,000
17,000
In addition to the expenditures from the specific appropriations, there
was expended from the general appropriations contained in the act of
July 14, 1890, the following amounts:
Storage of silver bullion, $37,945.59, all expended at the mint at
Philadelphia, and from coinage of silver bullion the sum of $299,039.66,
of which amount $64,748.42 was expended at the mint at Philadelphia,
$10,071.38 at the mint at San Francisco, and $224,219.86 at the mint at
New Orleans.
APPROPRIATIONS AND EXPENDITURES, FISCAL YEAR
1900.
APPROPRIATIONS.
Salaries.
Institutions.
Philadelphia
San Francisoo
New Orleans
Wages of
workmen.
Contingent Storage of Coinage of
silver
silver
expenses.
bullion.
bullion.
Total.
$41,560.00 a $401,750.80 6 $105,366.40
40,000.00
41,100.00 175,000.00
15,000.00
31,950.00
30,000.00
3,000.00
5,029.87
7,500.00
39,260.00 • 27,600.00
10,000.00
14,060.00
22,000.00
6,000.00
7,250.00
4,500.00
14,000.00
3,400.00
7,500.00
6,000-. 00
2,760.00
1,080.00
920.00
3,000.00
1,000.00
750.00
3,200.00
3,000.00
6,000.00
6,200.00 c 35,000.00
.~.
New York.
Denver
Helena
Boise
Charlotte
St Louis
Deadwood
Seattle
Total
$548,667.20
256,100.00
76,950.00
16,529.87
76,750.00
42,060.00
26,760.00
16,900.00
4,750.00
4 750 00
12,200.00
40 200 00
193,636.40
1,119,597.07
197,729.87
728,330.80
a Includes $1,733.30, charges received for manufacturing gold coins for Government of Costa Rica,
and $17.50, charges for manufacturing counting board for assistant treasurer United States at New
York.
b Includes $359.90, charges received for manufacturing gold coins for Government of Costa Rica, and
$6.50, charges for manufacturing counting board for assistant treasurer United States at New York.
c In eludes wages and contingent expenses.
EXPENDITURES.
Philadelphia
San Francisco
New Orleans
Carson
New York
Denver
Helena
Boise
Charlotte
St. Louis
Deadwood
Seattle .•
$41,123.79
40,830.40
29,784.30
6,029.87
39,250.00
14,050.00
7,260.00
3,400.00
2,750.00
3,000.00
..
3,200.00
5,200.00
Total
194,868.36
$396,308.69 $102,636.75 $37,945.59
172,030.26
39,706.27
29,728.42
14,198.31
5,531.00
2,510.89
26,841.50
9,703.90
21,960,90
5,335.81
13,941,50
3,319.15
7,500,00
2,165.48
1,080.00
920.00
1,000.00
256.36
4,563.00
2,090.99
25,420.25
9,505.01
705,906.51
192,247.92
37,945.69
$64,748.42
10,071.38
224,219.86
$642,663.24
262 637 30
297,930.89
13,071.76
76,795.40
41,346.71
24 610 65
13,065.48
4,750.00
4 256 36
9,853.99
40,125.26
299,039.66' 1,430,007.04
EARNINGS AND EXPENDITURES OF THE REFINERIES OF THE COINAGE MINTS AND OF THE ASSAY OFFICE AT NEW YORK DURING
THE FISCAL YEAR 1900.
The charges received for parting and refining bullion during the
fiscal year aggregated $200,242.99, the value of the surplus bullion
recovered was $54,613.15; the amount received from the sale of b}^
225
DIRECTOR OF THE MINT.
products was $14,606.67, making the total earnings of the refineries
$269,462.81, which amount was deposited in the Treasury to the credit
of the appropriation '' Parting and refining bullion."
The expenditures during the year on account of parting and refining
bullion aggregated $219,778.61, showing an excess of earnings over
expenditures of $49,648.20.
The earnings and disbursements on account of parting and refining
bullion at the coinage mints and assay office at New York during the
fiscal year are shown in the following table:
EARNINGS AND EXPENDITURES FOR PARTING AND REFINING BULLION FOR THE FISCAL
YEAR ENDED JUNE 30, 1900.
Earnings.
Institutions.
Expenditures.
Surplas.
Charges.
Mint at Philadelphia
Mint at San Francisco . . .
Mint at New Orleans . . . .
Assay office at New York
Total..
Surplus
bullion.
By-products
$43,704.15
60,264.30
1,705.22
94,569.32
$7,114.56
36,376.64
847.31
10,274.64
$50,818.71 $49,389.01 $1,429.70
[, 417.79 101,058.73 71,936.50 29,123.23
2,552.53
1,522.62 1,029.91
10,188.88 115,032.84 96,931.48 18,101.36
200,242.99
54,613.15
14,606.67
Total.
269,462.81 219,778,61 49,684,20
APPROPRIATIONS AND E X P E N D I T U R E S OF T H E OFFICE OF T H E
DIRECTOR OF T H E MINT FOR T H E FISCAL Y E A R 1900.
The total appropriations for the office of the Director of the Mint
for the fiscal year ended June 30, 1900, was $36,760. The expenditures from this appropriation comprised the amount paid on account
of salaries, expenses incurred in collecting and compiling the statistics
of the production of gold and silver in the United States., the supervising of the annual settlements at the mints and assay offices, incidental and contingent expenses, and expenses incurred in the support
of the laboratory of the Bureau. .These expenditures aggregated
$34,541.33, leaving an unexpended balance of $2,218.67 to the credit of
the several appropriations for the office, as shown in the following
table:
APPROPRIATIONS AND E X P E N S E S OF T H E O F F I C E OF T H E DIRECTOR OP T H E M I N T
THE FISCAL Y E A R
1900.
. Purpose for which appropriated.
Salaries
Examination of mints
Mining statistics
Laboratory
Books, pamphlets, and incidental expenses
Total
Appropriated.
FOR
Expended. Unexpended.
$29,360.00
2,500.00
3,500.00
1,000.00
400.00
$29,179., 20
2,390.93
1,916.37
842.43
213.40
109.07
.1,584.63
157.57
186.60
36,760.00
34,541. 33
2,218.67
ESTIMATES OF APPROPRIATIONS FOR T H E FISCAL Y E A R 1902.
The estimates of the appropriations that will be required for the
support of the mint service, including the office of the Director of the
Mint, for the fiscal year 1902, as submitted, aggregate. $1,422,560.
EI 1900--—15
226
REPORT
ON T H E
FINANCES.
E A R N I N G S A N D E X P E N D I T U R E S O F T H E MINTS AND ASSAY O F F I C E S .
The amount of earnings and all charges of the mints and assay offices
during the fiscal year 1900 was $10,641,940.60. Of this amount, $200,242.99 was for parting and refining bullion, $10,581.03 for copper alloy,
and $38,001.88 for melting, assaying, and stamping charges collected
by the minor assay offices. The seigniorage on the coinage of standard
silver dollars was $5,477,252.15; on subsidiary silver coinage, $3,008,428.68; on minor coinage, $1,794,633.04, and on the recoinage of minor
coins, $5,988.63.
The value of the deposit melting-room grains and sweeps recovered
was $13,294.21; the value of surplus bullion returned by operative
officers, $54,201.16, and the gain on bullion shipped by the minor assay
offices to the mint for coinage was $11,026.76.
The proceeds from the sale of old material was $4,675; the receipts
from special assays, $3,494, and from the sale of by-products, $14,606.67.
The charges received from foreign governments for coinage was
$2,093.20, and the profits on the manufacture of medals and proof
coins, $1,544.58.
The expenditures of the mint service including wastages b}^ the
operative officers, loss on sale of sweeps, and expense of distributing
minor coins was $1,703,492.64.
The net earnings for the year were $8,938,447.96.
CLASSIFIED STATEMENT OF E X P E N D I T U R E S .
The expenditures of the mints and assay offices and of the refineries
connected therewith for supplies and on account of salaries and wages
of workmen during the fiscal year ended June 30, 1900, are exhibited
in the following table:
CONSOLIDATED STATEMENT OF E X P E N D I T U R E S FOR SUPPLIES OF T H E M I N T S AND ASSAY
O F F I C E S O F T H E U N I T E D S T A T E S D U R I N G T H E F I S C A L Y E A R E N D E D J U N E 30,. 1900.
Items of expenditure.
Acids
Advertisements for .supplies
Assayers' materials
Awnings
Balances and adjusting weights
Barrels, lard tierces, bullion boxes, and trucks
Belting
Charcoal
Chemicals
Coal
Coke
Copper
'.
Crucibles, covers, stirrers, and dippers
Dry goods
Electric light and supplies
"
Electric power
Expressage on silver bullion for coinage, etc . .
Fire brick and cement
Fluxes
Freight and drayage
Furnace and blowers
Gas
Gloves, gauntlets, and rubber goods
Hardware
Ice
Jfon and steel
•...
Ordinary ex- Refinery expenses.
penses.
$1,435.61
190.4)
1,527.47
66.70
4,058.60
1,193.52
964.1.
2,219.64
4,003.52
10,601.60
4,224.01
35,471.19
17,380.83
4,193.62
3,122.57
1,245.82
40,643. 90
928.23
1,139.04
10,560.67
13,768.12
10,785.90
11,536.62
2,581.73
1,414.68
3,164,01
$41,147,02
1,002,76
2.0)
1,363. 93
I,671.67
3,564.68
. 1,914.10
15,996.54
•
9,267.12
939.42
9.00
609.11
1,525.76
2.50
336, 40
1,649,33
872. 72
32.08
199.44
168.14
Total
$42,582.63
190.40
1,527.47
65.70
4,058.50
2,196.27
966.11
• 3,583.67
5,675.19
14,166.18
6,138.11
51,467.73
26,647.96
5,133.04
3,131.57
1,245.82
40,643.90
1,537.34
2,664.80
10,663.17
14,104.62
12,435.23
12,408.34
2,613.81
1,614.12
3,332.15
227
DIBECTOE OF T H E MINT.
CONSOLIDATED STATEMENT OF EXPENDITURES FOR SUPPLIES OF THE MINTS AND ASSAY
OFFICES OF THE UNITED STATES DURING FISCAL YEAR ENDED J U N E 30,1900—Cont'd.
Ordinary ex- Refinery expenses.
penses.
Items of expenditure.
Labor and repairs, furniture, carpets, and linoleum.
Laundering of towels, etc
Lead sheet and lead pipe
Loss on sale of sweeps and leady melts
Lumber
Machinery and appliances
Metal work and castings
Oils.,
Rent of buildings . :
Salt
Sewing
Stationery, printing, and binding .
Steam, supply of
Sundries
Telegraphing
Telephone
Tools
Water
Wastage of operative officers
Wood
Zinc
$19,431.82
.2,799.94
Total
Salaries
Wages of workmen.
346,168.04
194,868.36
888,970.64
"93,'627." 66'
Grand t o t a l —
1,430,007.04
219,778.61
OF T H E PRECIOUS
Total.
METALS.
IMPORTS AND EXPORTS
7,965.78
3,290.55
15,779.99
6,325.01
2,301.30
2,319.96
64.25
4,006.68
1,985.91
5,352.35
20,478.82
126.05
1,067.02
569.45
2,456.29
53,680.66
8,725.75
30.65
$8,288.04
76.10
3,976. 64
6,808.28
1,119.60
3,280.06
1,943.99
233.07
578.30
1,229.80
7,161.;
1,814.;
356.05
2,993. 82
192.82
3,826.04
126,160.95
$27,719.86
2,876.04
3,976.64
14,774.06
4,410.15
19,060.05
7,269.00
2,534.37
2,319.96
642.56
5,236.38
1,985.91
12,513.65
22,293.15
126.05
1,067.02
559.45
2,812.34
56,674.48
8,918.67
3,855.69
472,318. 99
194,868.36
982,598.30
1,649,785.65
GOLD IMPORTS.—The total value of gold imported into the United
States during the fiscal year 1900, as shown by the returns of the customs service to the Bureau of Statistics, was $44,573,184.
Foreign gold bullion of the value of $9,928,720 was received, of
which amount $3,701,521 came from Mexico, $2,698,297 from British
Columbia, $2,495,556 from Great Britain, and the remainder from
various countries.
Foreign gold coins of the value of $12,373,122 were received, of
which $4,465,100 came from Japan, $4,285,020 from British Australasia,
$1,651,601 from the West Indies, while the greater part of the
remainder came from Canada, France, and Great Britain.
Gold ore of the value of $13,611,486 was imported, the greater part
of which came from British Columbia and Canada, while Mexico furnished $1,555,515.
There were returned to this country $8,659,856 in United States
gold coins, of which amount $6,556,375 came from Canada, $948,323
from the West Indies, $280,562 from Central America, $511,140 from
the Hawaiian Islands, and the remainder from various countries.
The total imports were as follows:
GOLD IMPORTS, FISCAL YEAR 1900.
Items.
Value.
Foreign bullion
Foreign coin
Gold contained in ore
$9, 928,720
12,373,122
13,611,486
Total foreign . . .
United States coin
35,913,328
8,659.866
Total imports...
44,673,184
228
REPORT ON T H E FINANCES.
GOLD EXPORTS.—The total value of gold exported from the United
States during the fiscal year was $48,266,759, which includes domestic
and foreign material.
DoEQestic gold bullion valued at $15,970,791 was exported, including
fine gold bars manufactured at the United States assay office at New
York, which contained 773,830 ounces, of the value of $15,654,871, of
which amount $11,649,660 went to France, $4,000,709 to Germany, and
a small shipment of $4,502 to Mexico.
Of the balance ($315,920) of the exports of bullion, $310,770 was
shipped over the Canadian border.
The exports of foreign gold bullion amounted to $649, which went
to Canada.
The exports of domestic gold coin amounted to $30,674,511, of which
$14,877,400 went to Great Britain, $5,759,935 went to Canada,$3,752,295
to South America, $1,900,000 to France,$l,536,322 to the Westlndies,
$1,903,480 to Hawaii, and the balance to other countries.
The exports of foreign gold coin amounted to $1,532,217, of which
the greater amount went to the West Indies and to France.
Gold contained in domestic ores exported amounted to $48,591, which
went to Germany, England, and Canada.
Gold contained in foreign ores exported amounted to $40,000, all of
which went to British Columbia.
The gold exports were as follows:
GOLD EXPORTS, FISCAL Y E A R
1900.
Value.
Items.
D o m e s t i c b u l l i o n ( U n i t e d S t a t e s assay office b a r s )
o t h e r domestic bullion
Domestic coin
Gold c o n t a i n e d i n o r e
Total domestic
Foreign bullion reexported
Foreign coin
Gold c o n t a i n e d i n f o r e i g n o r e
'
$15,654,871
315,920
30,674,511
48,591
,
46,693,893
•
$649
1,532,217
40,000
•.
T o t a l foreign
;
Total gold exports
1,572,866
• 48,266,769
The value of the net gold exports for the fiscal year 1900 was
$3,693,575, as against $51,429,099 net imports forthe fiscal year 1899.
The net exports of the United States gold coin from January 1,1870,
to June 30, 1900, was $594,225,647, as shown by the following table:
IMPORTS AND EXPORTS OF JNITED STATES GOLD COIN.
Period.
J a n . I t o .Tuly 1,1870
F i s c a l year—
1871
1872 . . . "
1873
1874
1875
1876
1877
1878
1879
18801881
1882
1883
1884
1885
1886
Imports.
Exports.
$6; 384,250
:.
$7,325,783
3,654,859
18,207,569
7,577,422
4,796,630
8,112,266
3,824,692
3,362,090
1,687,231
55,491,719
40,391,367
35,661,863
28,766,943
59,309,770
27,542,861
21,274,565
6,427,261
4,120,311
1,687,973
1,741,364
29,805,289
4,802,454
12,242,021
2,345,809
6,400,976
Period.
F i s c a l year—
1887 .
1888
1889 .
1890
1891
1892
1893
1894
1896
1896
1897
1898
1899
1900
Total
Imports.
Exports.
$6,862,509
$3,550,770
3,211,399
5,181,512
1,403,61.9
4,143,939
1,949,552
3,951,736
2,824,146
67,704,900
42,841,963
15,432,443
6,074,899 101,844,087
30,790,892
64,303,840
10,752,673
55,096, 639
10,189,614
77,789,892
57,728,857
23,646,565
• 40,590,947
8,402,216
7,779,123
27;425,587
30,674,511
8,659,856
263,759,173
857,984,820
229
DIRECTOR OP T H E MINT.
SILVER IMPORTS.—The total value of silver imports during the fiscal
year was $35,256,302.
During the year there was imported 10,364,222 ounces of foreign silver bullion, of the commercial value of $6,306,756, of which $5,570,175
came from Mexico and $655,805 from Central American States.
Foreign silver coin of the value of $4,463,579 was imported,-of which
$3,528,319 was from Mexico, $398,381 from Central American States,
and the remainder from various countries.
Foreign ore of the value of $24,219,950 was imported, of which
$20,624,508 was received from Mexico, $1,582,209 from Chile, and
$1,329,582 from British Columbia.
United States silver coins of the value of $266,017 were returned to
this country, $123,635 of which came from British Possessions in
Canada.
The total imports were as follows:
• SILVER IMPORTS, FISCAL Y E A R
1900.
Items.
Foreign bullion
Foreign coin
Silver contained in ore
$6,306,756
4,463,579
24,219,950
Total foreign
United States coin
34,990,285
266,017
Total imports
36,266,302
SILVER EXPORTS.—The total value of silver exports was $56,712,275,
which includes domestic and foreign material. Domestic bullion containing 86,957,766 ounces, of the invoiced value of $51,811,232, and
foreign bullion containing 60 ounces, of the value of $38, was exported,
the greater part of which went to Great Britain.
Domestic silver coins of the value of $468,431 were exported, of
which $260,173 was shipped to Santo Domingo and $116,110 forwarded to Hawaii. Foreign silver coin valued at $4,247,892 was also
exported, principally to Hongkong, Great Britain, and Canada.
The exports of silver contained in ore amounted to $184,682, which
went to Great Britain, Germany and the Netherlands.
The following communications relating to the amount of gold and
silver exported in copper matte and pig copper from the collector of
customs at the ports of New York and Baltimore and the superintendent of the assay office at New York are herewith presented.
OFFICE OF THE COLLECTOR OF CUSTOMS,
Port of New York, N. Y., October'24,1900.
SIR: I n reply to your letter of t h e 22d instant asking for a statement showing the
amount of gold and silver contained in pig copper, copper matte, etc., exported from
the port of New York during the fiscal year ending June 30, 1900, I would state that
such exports of gold and silver were as follows: Gold, 560 ounces; silver, 310,848
ounces.
Respectfully,
G. R. BIDWELL, Collector.
The DIRECTOR OF THE MINT,
Ti-easury Department, Washington, D. C.
230
R E P O R T . O N T H E FINANCES.
T H E UNITED STATES ASSAY OFFICE AT N E W YORK,
Superintendent's Office, Septemher 19, 1900.
SIR: I give below a statement showing t h e amount of gold and silver contained in
copper matte exported from t h e port of New York during t h e fiscal year ended June
30, 1900:
STATEMENT SHOWING THE AMOUNT OF GOLD AND SILVER CONTAINED IN COPPER
MATTE EXPORTED FROM THE PORT OF N E W YORK DURING THE FISCAL Y E A R
ENDED JUNE 30, 1900:
Gross weight
(avoirdupois). Fine gold. Fine silver.
Metal.
Pounds.
5,322,240
Copper matte
Ounces.
306
Ounces.
272,914
There was no gold or silver contained in the pig copper exported during this period.
Respectfully, yours,
ANDREW MASON, Superintendent.
Hon. GEORGE E . ROBERTS,
Director of the Mint, Washington, D. C.
OFFICE OF THE COLLECTOR OF CUSTOMS,
Port of Baltimore, Md., October 24, 1900.
SIR: I n response to letter from your Bureau, dated October 22, 1900, I. have t h e
: honor to state that the records of this office do not indicate that any gold and silver
contained in pig copper, copper matte, etc., was exported from this port during t h e
fiscal year ended J u n e 30, 1900.
Respectfully, yours,
AVM. F . STONE, Collector.
H o n . GEORGE E . ROBERTS,
Director of the Mint, Washington, D. C.
The following table shows the silver exports from the United States
during the fiscal year:
SILVER EXPORTS, FISCAL Y E A R 1900.
Commercial
value.
Items.
Domestic bullion
United States coin
Silver contained in ore
Total domestic
Foreign coin reexported
Foreign bullion
Total foreign
..
.
$51,811,232
468,431
184,682
.
$4,247,892
38
Total silver exports
52,464,345
4,247,930
56,712,276
MOVEMENT OF GOLD FROM THE UNITED STATES.
The superintendent of the United States assay office at New York
has kindly prepared the following tables, giving exports of gold through
the port of New York during the fiscal year ending June 30, 1900:
231
DIEEOTOR OF T H E M l N f .
STATEMENT OF UNITED STATES GOLD COIN AND GOLD. BULLION EXPORTED TO EUROPE
FROM THE PORT OF N E W YORK DURING THE FISCAL Y E A R 1900.
Country.
Date.
Rate
of exchange.
Value.
1899.
Germany
England
do
do..
do
do
$250,000
2,450,000
500,000
4,925,000
500,000
2,850,000
$4.87i
4.87i
4.87^
4 874.87^
4.87i
England
do
do
Germany
do
England
do
Germany
France
do
do
do
do
do
Germany
do
i
do....
France
England. . .
July 3
Dec. 15
19
22
26
29
160,000
2,750,075
752,400
2,650
1,700
452
2,271
80
500,000
2,610,994
2,855,298
3,199,100
1,261,333
2,514,217
1,000,000
3,500,709
2,200
612,918
1,100
4.87A
4 87^
4.87 J
4.87i
4.87
4.87
4.86^
4.85J
4.88i
4 88
4.88i4.88i:
4.87^
4.871
4.87i
4.87i
4 86i
4.86i:
4 86^
1900.
Jan.
Mar.
Apr.
May
June
3
6
6
5
20
20
16
16
25
2
9
16
23
13
13
18
30
30
30
;
Total
33,192,497
RECAPITULATION OF GOLD EXPORTS TO EUROPE.
Description.
United States coin
Foreign coin
B a r s ( U n i t e d S t a t e s assay office a t N e w Y o r k )
Bullion
England.
France.
$14,877,400
$1,900,000
474,580
11,614,833
33,926
5,498
Germany.
Grand total
• $760,000
4,001,610
9,230
14,023,339
4,760,840
Total
14,882,898
D u r i n g t h e s a m e p e r i o d t h e r e w a s s h i p p e d t o M e x i c o , West I n d i e s , C e n t r al a n d S o u t h
A m e r i c a , a s follows, v i z :
. . $5,379,357
U u i t e d S t a t e s coin
949.352
Foreign coin
Bullion
4.502
$33,667,077
6,333,211
Total
40,000,288
G r a n d t o t a l of e x p o r t s
The imports of gold during the same period were as follows, viz:
From Europe:
United States coin
Foreign coin
• Bullion
'
$13,560
962,198
3,078,510
Total from Europe
From Mexico, West Indies, Central and South America:
United States coin
Foreign coin
Bullion
4,054,268
,
$1,069,717
8,526,671
1,580,912
Total from other ports
11,177,300
Grand total of imports
15,231,568
NOTE.—$6,804,227 foreign coin (25 pesetas and 20 francs) entered on Government transports for
account of United States Government included in above statement as foreign coin from West Indies.
232
REPORT ON T H E FINANCES.
STOCK OF MONEY IN THE UNITED STATES.
Accepting the calculations of previous years as a basis, and making
the calculation for changes in the stock during the past year b}^ the
same method that has been pursued for many years, the figures arrived
at for the stock of gold and silver coin in the United States on July 1,
1900, are as follows: Gold, $921,258,733, and silver, $579,120,932; a
total of $1,500,379,665.
During the past year an investigation has been begun, which is not
yet concluded, but which has proceeded far enough to indicate that
some revision of the Treasury estimates for the stock of gold coin in
circulation is required. Errors and omissions comparatively unimportant in any one year, if cumulative for a term of years, affect conclusions to a degree that calls for correction, and although the reduction in the estimate will be unimportant as compared with the great
aggregate, which unquestionably exceeds the gold stock of any other
nation, it is important enough to be made. Following the estimates
below, which, as already stated, pursue the previous methods of the
Bureau, further reference is made to the modifications in view:
OFFICIAL TABLE OF STOCK.OF COIN IN THE UNITED STATES JULY 1, 1900.
Items.
Gold.
Silver.
Stock July 1 1899 . . . .
This amount is shown, by subsequent returns, to have
been erroneously included in the aggregate of subsidiary silver coins taken out of the country in transports
and warships, as stated in the Report of the Director
of the Mint for the fiscal year ended June 30 1899
Coinage, fiscal year 1900
$842,982,733
$553,432,783
$1,396,415,516
107,937,110
1,000,000
31,171,833
1,000,000
139,108,943
950,919,843
585,604,616
1,536,624,459
22,014,665
202,414
22,217,069
1,401,466
5,261,070
6,662,525
4,745,000
1,600,000
a 920,200
100,000
5,666,200
1,600,000
Total
Loss:
Net exports of United States coin, fiscal year 1900
United States coin melted for recoinage, fiscal year
1900
:.
United States coin taken out in warships and transports for disbursement in Cuba, Porto Rico, and
the Philippine Islands, not recorded at the customhouses, fiscal year 1900
United States coin used in the arts, fiscal year 1900...
Total
Total.
29,661,110
6,483,684
36,144,794
921,258,733
Estimated stock of coin July 1, 1900
579,120,932
1,500,379,666
a Of this amount $380,000 were in standard silver dollars.
NOTE.—Since July 1,1898, the number of standard silver dollars exported has been 2,066,000, and
since 1883 the number withdrawn from circulation and melted has been 174,025, a total disposition of
2,239,025, leaving in the United States on July 1,1900, a net stock of 496,257,190 standard silver dollars,
and $82,863,742 in subsidiary silver coins.
The amounts of gold and silver coin melted for recoinage represent
their nominal value.
The Government owned on July 1, 1900, gold and silver bullion as
follows:
BULLION IN MINTS AND ASSAY OFFICES, JULY 1, 1900.
Value.
Metals.
Gold
Silver (cost)
Total
. -.
..
- -
$113,180,531
68,224,562
181,405,093
233
DIRECTOR OF THE MINT.
The stock of silver bullion on deposit with the Mercantile Safe
Deposit Company, in NewYork City, on July 1, 1900, was 41,286
ounces, fine, of the commercial value of $25,536, which, added to the
stock of coin and bullion given above, shows the total metallic stock to
have been as follows:
M E T A L L I C STOCK' O F T H E U N I T E D S T A T E S J U L Y
1,
1900.
Coin and bullion.
Value.
Gold
Silver (including bullion in Mercantile Safe Deposit Co.)
Total
,034,439,264
647,371,030
1,681,810,294
The total metallic stock on Jul}^ 1, 1899, was as follows
M E T A L L I C S T O C K O F T H E U N I T E D S T A T E S J U L Y 1,
1899.
Coin and bullion.
Value.
Gold..
Silver (including bullion in Mercantile Safe Deposit Co.)
Total
$962,866,505
639,286,743
.-
:
1,602,152,248
A comparison of the amounts in the above tables shows that there
was an increase in 1900 over that of 1899 in the stock of gold of
$71,573,759 and of silver of $8,084,287; a total increase of $79,658,046.
OWNERSHIP OF THE METALLIC STOCK.
The metallic stock of the United States, comprising the gold and
silver bullion.and coin, was owned on July 1, 1900, as follows:
O W N E R S H I P OF G O L D AND SILVER I N T H E U N I T E D STATES J U L Y
1,
Silver coin and bullion.
Ownership.
Gold coin
and bullion.
Silver dol- Subsidiary Silver bullion.
lars.
silver coin.
Total silver.
1900.
Total gold
and .silver
coin and
bullion.
United States Treasury. a$222,899,773 6$23,376,725 $6,702,754 $68,224,562 $98,303,041 $321,202,814
National banks ( J u n e
c 295,121,378 cZ63,674,213 7,218,119
60,892,332 356,013,710
29 1900)
Private banks and indi516,418,113 419,207,252 68,942,869
25,536 488,176,667 1,004,593,770
viduals
Total
1,034,439,264 496,267,190
82,863,742
68,250,098 647,371,030 1,681,810,294
a Gold coin and bullion in Treasury exclusive of $200,733,019 gold certificates outstanding.
b Silver dollars in Treasury exclusive of $408,465,674 silver certificates outstanding,
c Includes $192,286,930 Treasury and clearing-house gold certificates.
c Includes $44,437,981 silver certificates held by national banks.
Z
234
REPORT ON T H E FINANCES.
The ownership of the metallic stock on Jul}'^ 1, 1899, was as follows:
OWNERSHIP OP GOLD AND SILVER IN THE UNITED STATES JULY 1,
Ownership.
1899.
Silver coin and bullion.
Total gold
Gold coin and
and silver
Silver dol- Subsidiary Silver bul- Total silver. coin and
bullion.
silver coin.
lion.
bullion.
lars.
United States Treasury. a$250,471,636 6$14,948,188
National banks ( J u n e
c309,338,008 cZ40,940,612
30,1899)
Private banks and indi403,065,961 422,677,431
viduals
Total
962,866,505
478,566,231
$5,800,728 $85,515,898 $106,264,814 $356,736,350
47,484,038
6,543,426
62,622,398'
338,062
74,866,562
85,853,960
366,822,046
485,637,891
888,693,852
639,286,743 1,602,152,248
a Gold coin and bullion in Treasury exclusive of $32,656,919 gold certificates outstanding.
b Silver dollars in Treasury exclusive of $402,136,617 silver certificates outstanding.
c Includes $171,647,390 Treasury and clearing-house gold certificates,
d Includes $32,678,638 silver certificates held by national banks.
A comparison of the above tables shows that the stock of gold
owned by the Treasury on July 1, 1900, has decreased since July 1,
1899, by $27,571,763, while the amount owned by national and private
banks and individuals has increased by $99,145,522, a net increase in
ownership of gold in 1900 of $71,573,759.
The silver dollars owned by the Treasury on July 1, 1900, have
increased since July 1, 1899, by $8,427,537, and the number owned
by national and private banks and individuals on July 1, 1900,
exceeded that owned on the same day of the previous year by
$9,263,422, a total increase in ownership during the fiscal year 1900
of $17,690,959.
STOCK A N D
LOCATION O F
T H E METALLIC AND P A P E R
U N I T E D STATES.
MONEY
IN
THE
The location of the stock of metallic and paper money in the United
States on July 1, 1900, was as follows:
LOCATION OP THE MONEYS OF THE UNITED STATES JULY 1, 1900.
Moneys.
In Treasury.
In national In other banks
banks June 29,
and in
circulation.
1900.
Total.
METALLIC.
Gold bullion.
Silver bullion
Gold coin
Silver dollars
Subsidiary silver coin
$113,180,531
68,224,562
310,452,261
431,841,299
6,702,754
$25,536
416,948,524
55,179,669
68,942,869
$113,180,531
68,250,098
921,258,733
496,257,190
82,863,742
930,401,407
Total
a$193,857,948
9,236,232
7,218,119
210,312,299
541,096,688
1,681,810,294
143,756,522
170,215,023
75,303,942
99,469,589
364,027,593
265,937,029
511,000
346,681,016
76,027,000
228,017,179
416,015,000
309,640,443
3,705,000
PAPER.
Legal-tender notes (old issue)
Legal-tender notes (act July 14,1890)...
Gold certificates
Silver certificates.
National-bank notes
Currency certificates
Total
.
32,709,471
723,058
27,284,160
7,549,426
9,526,332
101,263,430
44,437,981
b 34,178, 082
3,194,000
77,791,447
Grand total
326,830,015
975,464,176
1,380,086,638
1,008,192,864
537,142,314
1,616,560,764
3,061,895,932
a Includes $91,023,500 gold clearing-house certificates.
b Includes $9,099,912 of their own notes held by different national banks.
285
DIRECTOR OF THE MINT.
The stock and location of the metallic and paper money in the United
States on July 1, 1899, was as follows:
LOCATION OF THE MONEYS OP THE UNITED STATES JULY 1, 1899.
Moneys.
In Treasury.
In national In other banks
and in
banks June 30,
circulation.
1899.
Total.
METALLIC.
a $286,185,618
8,361,974
6,543,426
$338,062
393,552,432
53,119,452
62,522,398
$119,882,772
85,863 960
842,982,733
478,566,231
74,866 562
301,091,018
509,632,344
1,602,152 248
38,329,174
956,516
1,641,900
3,948,887
3,546,432
1,080,000
116,337,935
23,152,390
32,578,638
6 25,564,364
18,590,000
192,013,907
92,561,764
9,503,529
369,557,979
212,241,075
1,685,000
346,681,016
93,518,280
34,297,819
406,085,504
241,350,871
21,355,000
49,601,909
Total
$119,882,772
85,515,898
163,244,683
417,084,806
5,800,728
791,528,886
Gold bullion
Silver bullion
Gold coin
Sil ver dollars
Subsidiary silver c o i n . . . .
216,223,327
877,563,264:
1,143 288 490
841,030,795
517,314,345
1,387,095,698
2,745,440,738
PAPER.
Legal-tender notes- (old issue)
Legal-tender notes (act July 14,1890)...
Gold certificates
Silver certificates
National-bank notes
Currency certificates
Total
Grand total
a Includes $148,495,000 gold clearing-house certificates.
6 Includes $6,007,103 of their own notes held by different national banks.
The above tables show an increase in the total stock of money on
July 1,1900, amounting to $316,455,194, or nearly 12 per cent, over the
stock on July 1,1899. Gf this amount the increase in the total metallic stock was $79,658,046, or nearly 5 per cent, and the increase in the
total stock of paper currency $236,797,148; i. e., an expansion of more
than 20 per cent within the fiscal year. The increase in gold coin was
$78,276,000, and in standard silver dollars, $17,690,959, while the stock
of gold bullion was reduced by $6,702,241 and that of silver bullion
by $17,603,862.
The increase of gold and silver coin and bullion in the Treasury was
$138,872,521, and in the amount of paper, money, $28,289,538, a total
increase in the Treasury of $167,162,059. In reality, however, there
was no hoarding of gold and silver in the Treasury, the increase in the
metallic stock being more than offset by the increase of the amount of
outstanding gold certificates from $32,655,919 to $200,733,019, an
addition to the circulation of the country of $168,077,100.
At the same time the metallic stock in the national banks fell from
$301,091,018 on June 30, 1899, to $210,312,299 on June 29, 1900, a
decrease of $90,778,719. Taking gold coin alone, the decrease appeared
still larger—viz, $92,327,670—from $286,185,618, held on June 30,1899,
to $193,857,948 on June 29, 1900 (in both cases including clearinghouse gold certificates). In reality, however, the larger part of the
gold lost by the national banks was merely replaced by Treasury gold
certificates, the increase in the amount of- the latter held by the
national banks during the year being $78,111,040.
The amount of paper money (including gold certificates) held by
national banks on June 29, 1900, was $326,830,015, while the amount
held on June 30 of the year previous was $216,223,327, an increase of
$110,606,688; making a net increase in the total stock of money in
national banks amounting to $19,827,969, out of a total increase of
236
REPORT ON THE FINANCES.
$316,455,194, or but slightly over 6 per cent of the total increase of
the stock of money in the country.
The metallic stock on July 1,1900, in other banks and in circulation
among the public was $541,096,588, asagainst$509,532,344onthesame
date for the previous year, an increase of $31,564,244. The amount
of paper money in other banks and general circulation was in 1900
$975,464,176, as against $877,563,254 in 1899, an increase of $97,900,916. Nearly all this increase actually represented gold coin as well,
the amount of gold certificates in circulation having increased by
$89,966,060. The amoant of national-bank notes in circulation increased by $53,695,954, or 26 per cent over the year previous, whereas
the quantity of legalrtender notes, currency certificates, and silver certificates decreased by $45,761,098. In all, the total volume of currency
(both metallic and paper money) in circulation among the people and
in other than national banks increased by $129,465,140, or by more
than 9 per cent.
THE CHANCES FOR ERRORS IN THE COTN ESTIMATES.
By a preceding table, which shows the ownership of gold and silver
in the United States,, the Government Treasury is shown to have possessed at the date given gold to the amount of $222,899,773, and the
national banks $295,121,378, while $516,418,113 is assigned to private
and State banks, individual hoards, and general circulation. The
amount in the Government Treasury and in the national banks is
known, but the other sum is obtained by subtracting the amounts in
the Treasury and national banks from the total amount calculated to
be in the country. Its accuracy therefore depends upon the accuracy
of the estimates for the stock in the country, and these have at times
been called in question.
The estimate of the amount of silver coin in the country has not been
questioned, but several elements of uncertainty enter into the figures
for the stock of gold coin which do not affect the calculations as to silver coin. The latter is worth so much more as money than as bullion
that it is not liable to be exported or melted for consumption in manufactures, while our gold coin flows freely out and in between this and
foreign countries, and the stock is more or less depleted every year by
use in the manufactures and industrial arts.
The present estimate of the stock of gold coin in this country is based
upon an estimate made by Dr. Linderman, Director of the Mint, in 1873.
At that time there was no gold in circulation except on the Pacific coast,
and he made up his figures by taking the gold in the Treasury and
national banks and adding to it an allowance of $20,000,000 for the
amount in circulation on the Pacific coast and $10,000,000 for the
amount held by private banks and hoarded in other parts of the countiy.
To this reasonable original estimate has been added each year the
coinage of the mints and the amount of domestic gold coin imported,
and subtracted each year the amount recoined and exported, and an
allowance for the amount believed to have been consumed in the
industrial arts. If these additions and deductions were made with
absolute accuracy there could be no error in the calculation from year
to year, but unfortunately it is impossible to make them with perfect
certainty. It can not be known exactly how much gold coin is melted
in any given year for the manufacture of jewelry, the use of dentists,
DIRECTOR OF THE MINT.
"237
and for all of the other uses to which it is known to be diverted. It
can not be known exactly how much gold coin is carried out of the
country on the persons of travelers and does not figure in the customs returns. Finally, it has been developed that the customs returns
have sometimes been erroneous, in that foreign and domestic coin
were confused and coin and bullion confused. The customs returns
of gold coin carried by express between this country and Canada have
been found to be very faulty for certain years, the customs officials of
the United States and of Canada being wide apart in their figures.
For the eight years ending with 1892 the consumption of gold coin
in the arts and manufactures was annually fixed at $3,500,000. Since
1893 it has been fixed at $1,500,000. The special inquiry conducted b}^
the Bureau of the Mint for 1899 develops a consumption of $3,365,376
b}^ the 30,000 firms and individuals replying to the Bureau circular.
From this result the wisdom of so large a reduction in the estimate for
the six previous years may be doubted, although the consumption
during the period of commercial depression was probably less than in
1899 or 1892.
The customs returns for the coin movement between the United
States and Canada strangely show since. 1873 an excess of imports
over exports. It is safe to say that this fact discredits these figures.
The Dominion of Canada has no gold coinage of its own. United
States gold is a legal tender there and the basis of its bank currency
and the issue of Government notes. I t cannot be otherwise thaii that,
instead of a reduction, there must have been a substantial increase in
the amount of United States gold coin in Canada. As there is no gold
in circulation, the amount in the banks and Dominion treasury may be
accepted as approximately the total amount in the country. On June
30, 1873, the chartered banks of Canada held in all specie, including
silver and English coin, $6,829,226. On June 30, 1900, they held of
all specie, $10,185,868. A circular letter addressed to each of these
institutions asking what part of this was United States coin met a
most courteous response, all but three making reply. Those replying
held $10,052,682 in specie, of which $8,232,067, or about five-sixths, was
United States gold. There is no record of the Government holdings
of United States gold back of 1885, but on June 30 of that year
they amounted to $1,916,270. On June 30, 1900, it held $11,080,273.
These figures indicate that the estimate for the stock of gold in the
United States should be reduced by at least $12,000,000 on account of
the unrecorded movement to Canada.
I t is not believed that the customs returns for the coin movement
between this country and Europe are as faulty as those for the shipments by rail between this country and Canada. The steamship manifests are thought to report the shipments fully, but there are reasons
to believe that foreign coin has sometimes been erroneously reported
as domestic coin, and vice versa, and also that bullion and coin have in
instances been confused. Coin is not dutiable and the packages are
not opened by the customs officials.
The Hon. M. L. Muhleman, of the New York Subtreasury, who
has made a most exhaustive study of the whole subject of the ;gold
stock, has traced errors of this character in the imports and exports
and is convinced that they have occurred to an extent that would
materially alter the figures in certain years. He is not ready to submit his final conclusions.
238
REPORT ON T H E FINANCES.
Finally, no allowance has ever been made for the amount of domestic coin carried out of tbe country in the immediate possession of
travelers. I t has been assumed that travelers disposed of their United
States money either at the port of departure in this country or at the
port of arrival abroad, and that in the latter case it was sold to incoming travelers and thus returned to the country. An effort has been
made in the last 5^ear to arrive at the facts as to this movement, and
the result unquestionably shows that it is entitled to be reckoned in
the general summing up.
A letter of which the following is a copy was addressed to each of
the steamship companies carrying passengers between this country
and Europe:
FEBRUARY 24,1900.
GENTLEMEN: One of t h e duties attaching to t h e office of t h e Director of t h e Mint
is to make at intervals an estimate of the stock- of gold in t h e United States. The
output of t h e mints from year to 3^ear is definitely known; t h e consumption of coin
by manufacturers is approximately estimated; t h e exports and imports as recorded
by t h e customs officials are obtained and are believed to include the movement of
all that is shipped by regular consignment through t h e transportation companies;
but there remains to be considered whether or not sums, important in t h e aggregate,
are carried out of t h e country, unrecorded, in t h e possession of travelers.
I n t h e past it has been assumed by this Bureau that t h e amount of United States
gold coin carried out of t h e country in this way is small and offset by t h e amount
returned by incoming travelers. This assumption is frequently disputed by writers
upon t h e subject whose opinions have weight and are entitled to careful consideration. They affirm t h a t it is much more probable that those coming from foreign
lands will bring United States coin, as t h e latter, in their opinion, are more likely to
bring foreign coin. As t h e subject is one of general public interest, I appeal to you
for such information as you may be able to obtain from your officials and employees
who are in position to make observations of t h e facts. I would respectfully ask
you to furnish a statement covering as fully as may be practicable t h e following
points:
Do outgoing passengers CSLTTJ United States money or usually change their money
before they leave t h e country?
Where they take United States money, is it commonly gold coin?
Where they take United States money from this country, do they commonly
change it on shipboard or land abroad with it?
Where they carry United States coin ashore on the other side, is there reason to
believe that it is commonly changed at t h e port of arrival and then disposed of by
the money dealers to returning travelers?
Do incoming travelers frequently change their foreign coin for United States coin
at their ports of departure or on shipboard, and thus bring home, in your opinion,, a
considerable part of our coin which has been carried out?
W h a t would you say was a fair estimate for t h e amount of United States gold coin
carried out by each steerage passenger and each cabin passenger, averaging t h e total
number carried by your line?
Finally, does your observation lead you to believe that t h e amount of United States
coin carried out of t h e country by passengers on your line exceeds t h e amount of t h e
same coin brought back b y incoming passengers? If it does, give t h e best estimate
you can of t h e amount of such excess per annum.
If you have no objection to stating t h e total number of passengers brought to and
carried from this country by your line last year, cabin and steerage, kindly do so.
All of these queries are relative to coin and have nothing to do with bills of
exchange.
I t is apparent that t h e information desired can only be approximated, and it is
hoped that you will not hesitate to reply because of inability to give definite statements.
You are in better position to form an opinion upon this subject than anyone not
connected with t h e transportation of passengers between this and other countries, and
if no information can be had from you it is not likely to be h a d elsewhere. This is
my excuse for troubling you with t h e matter and asking your interested aid to determine a mooted question of public importance.
Possibly copies of this inquiry sent to a selected list of your employees would draw
out observations of much practical value.
Respectfully, yours,
GEORGE E . ROBERTS,
Director of the Mint.
DIRECTOR OF THE MINT.
239
The following, although not all of the replies received, will show
the general tenor of them:
INTERNATIONAL NAVIGATION COMPANY,
IS Broadway, New York, March 1, 1900.
DEAR SIR: I beg to acknowledge receipt of your letter of February 23. Answering
generally your queries, itis my impression, not only from the records of our exchange
office, through which large numbers of our passengers exchange their money, but
from the records of the money turned in by the pursers of our ships on both sides,
and from m y personal experience in crossing, which I have done many times, that
the amount of gold coin taken out of this country by Americans is almost nothing.
The manager of our exchange department informs me that he has no recollection, or
any record, of any passenger ever asking for American gold to take out with him.
I t stands to reason that a man going to Europe and taking the trouble to exchange
his funds would naturally take foreign gold, silver, or bank notes rather than to come
into our office and exchange American bank notes for American gold.
On our steamers we accept in payment of wine bills, cigars, etc., American notes,
American gold, American silver, or foreign notes and specie. Occasionally one of
our pursers turns into us a five-dollar gold piece. The pursers turn in anywhere
from $1,000 to $1,500 at the end of a voyage. I n t h e majority of cases there will
be no American gold at all, and in some cases only a few five-dollar gold pieces.
A great many Americans going to Europe do not take the trouble to get any foreign money, as they travel with a letter of credit. They carry with them a few hundred dollars in American money, a portion of which they spend on the steamers, and
the balance of which they keep so that they may have some American money upon
landing on their return to this country. As soon as they reach Europe they draw
their foreign money against their letter of credit.
The few five-dollar gold pieces which are turned in by our pursers, which I have
mentioned above, are accounted for by the fact that occasionally an Americen carries gold instead of notes; but m y personal experience is that very few Americans
carry gold.
From the above you will see that even this small quantity of gold does not leave
the country, as if an American happens to have gold in his pocket he does not spend
it in Europe, but may spend some of it on our ships, which, while it may take a
round voyage to Europe, comes back on our ship, I have once or twice myself had
American gold in my pocket in Europe and attempted to use it. While I have
always succeeded in the end, it always means a long explanation and a good deal of
trouble in getting it accepted. The trouble has been so great that a person who has
once tried it would never try it again.
Hotels, ticket offices, and tradespeople in Europe will not accept American money,
either gold or notes, unless a great point is made of it and they take the trouble to
consult their bank to find out its value and whether it is genuine money.
To answer your questions in the order in which you put them:
1. Outgoing passengers either carry foreign money or letters of credit. They are
apt to have a small amount of American money—generally in notes, seldom in gold—
a portion of which they spend on t h e steamer; the balance they generally keep to
provide them with American money on their return; or if they exchange the balance of their money, they do it on the steamer or through the exchange clerk which
all the steamship companies have at their piers on the other side, in both of which
cases the money is returned to this country.
2. I t is generally notes, not gold coin:
3. I can only make a very general estimate. I do not believe that ten cabin passengers average a five-dollar gold piece between them. Steerage passengers invariably
buy bills of exchange and thus transfer their money.
4. Is answered by my first answer.
5. Judging from our own experience, such American money as is taken out is
exchanged by the steamship company and returned to this country. Money dealers
on the other side draw their supplies from banks.
6. Incoming passengers have no use for foreign money after their return to this
country, and almost invariably exchange their foreign money before sailing or on
shipboard. They generally exchange it for notes, as it is their habit to carry notes,
thus making the return of gold coin by incoming passengers but slight.
7. I consider the gold coin brought in the country by incoming passengers to about
balance the amount taken out.
Yours, truly,
S, RUST, Acting Manager.
GEORGE E . ROBERTS,
Esq.,
Director of the Mint, Washington, D, C,
240
REPORT ON THE FINANCES.
HAMBURG-AMERICAN LINE,
No. 37 Broctdway, New York, February 24, 1900.
DEAR SIR: I beg to acknowledge receipt of your favor of the 21st instant, and in
reply would say that it is, of course, impossible to give you definite and reliable information in reference to the questions you put. As a result of my own observations,
however, which extend over twenty-seven years, I can say that very little coin is
brought into or taken out of this country by travelers. Neither outgoing nor incom-.
ing passengers care to be burdened with gold coin, when, if they wish to take ready
money with them. United States paper money will answer the same purpose, and is,
at the same time, much more convenient and.more safely conveyable on the person
of the passenger. The only countries where gold is preferable are those of the
Mediterranean and Orient, but even then French gold is preferred, as it is much
more readily taken and the rate of exchange for local currency is generally known.
I n answer to your questions, I would say:
1. Do outgoing passengers carry United States money, or usually change their
money before they leave this country?
A very small number carry United States money, and by far the larger number
exchange their money before leaving the United States. Persons traveling for pleasure or on business who want to be prepared to spend large sums abroad, take letters
of credit, as you are no doubt aware, while they buy foreign money here before
departure for the purpose of paying small expenses before they reach London, Paris,
Berlin, etc. Persons who take limited sums with them often buy circular notes,
issued by bankers or express companies, while steerage passengers, as a rule, buy
foreign money before leaving this country.
2. Where they take United States money, is it commonly gold coin?
I should say that it is commonly paper money.
3. W h a t would you say was a fair estimate for the amount of United States gold
coin carried out by each steerage passenger and each cabin passenger, averaging the
total number carried by your line?
This it is impossible to answer. I never saw or heard of passengers taking gold
with them, except that now and then somebody takes a few gold pieces to satisfy
t h e curiosity of friends in Europe.
4. Where they take United States money from this country, do they commonly
change it on shipboard or land abroad with it?
The purser aboard often changes United States money for foreign mone}^ outward
bound and vice versa inward bound. Of. course, some is also changed upon arrival
abroad.
. 6. Where they carry United States coin ashore on the other side, is there reason
to believe that it is commonly changed at the port of arrival and then disposed of by
t h e money dealers to returning travelers?
This is quite likely. I remember that twenty years ago and longer it was a regular
and profitable trade for bankers and passenger agents at thei ports in Europe to buy
and sell American money. At that time the immigrant who bought a draft on
America was the exception, and the rule was that they exchanged whatever money
they had for United States money at t h e port of embarkation in Europe. The money
taken from here by outgoing travelers did not, of course, represent more than a very
small part of the money sold in this way to immigrants, and the bankers abroad
made it their business to import United States money, but almost exclusively greenbacks. This situation has now, however, entirely changed; the immigrants bring
drafts from banks or bankers in Europe on banks or bankers here, and t h e business
of exchanging money at foreign ports has shrunk to very small proportions.
6. Do incoming travelers frequently change their foreign coin for United States
coin at their ports of departure or on shipboard, and thus bring home, in your opinion, a considerable part of our coin which has been carried out?
As stated before, very little United States coin is handled, either by travelers,
bankers at the European ports, or on shipboard.
7. Does your observation lead you to believe that the amount of United States
coin carried out of t h e country by passengers on your line exceeds the amount of the
same coin brought back by incoming passengers? If it does, give the best estimate
you can of the amount of such excess per annum.
As already stated, it is my belief that very little gold coin is either taken out of t h e
country or brought into it by travelers.
•K-
*
'
-X-
-X-
-X-
-X-
-X-
Yours, very truly,
E M I L L . BOAS,
General Manager Hamburg-American Line.
GEORGE E . ROBERTS,
Esq.,
Director of the Mint, Washington, D. C.
. .
DIRECTOR OF T H E MINT.
241
T H E CUNARD STEAMSHIP COMPANY ( L I M I T E D ) ,
No. 29 Broadway, New York, February 28, 1900.
DEAR SIR: Your favor of 24th instant received. I think your Bureau is correct in
the assumption t h a t the amount of United States gold coin carried out of the country
by passengers of the trans-Atlantic lines is small and practically offset by the amount
returned by incoming travelers.
The majority of tourists take letters of credit on foreign banking houses and draw
against the same during their sojourn abroad as their necessities require. For the
letter of credit they deposit securities to cover possible drawings with the banker
issuing t h e credit.
The lower grade of passengers (principally steerage) generally exchange their money
here for such foreign coin or bills as they will require for use abroad. The amounts
so changed by steerage passengers before sailing from this port vary from $15 or $20
u p to $300 or $400, and occasionally more.
By far the largest number of cabin passengers coming this way are Americans and
they naturally bring in but little American money. Steerage passengers coming here
to settle generally bring their funds in the money of the country from vi^hich they
come, or in bills of exchange which are negotiated here after arrival.
I think by applying to t h e United States immigration bureau at New York you
would be likely, to get more reliable data on the subject of your inquiries than could
be done elsew^here.
If I can be of any further service in t h e matter it will give me pleasure so to do.
Yours, truly,
VERNON H . BROWN.
GEORGE E . ROBERTS,
Esq.,
Director of the Mint, Treasury Department, Washington, D. C.
W H I T E STAR L I N E ,
New York, February 27, 1900. '
DEAR SIR: We beg to acknowledge receipt of your favor of the 24th instant, asking
for a statement as far as practicable of the amount of American gold coin carried out
of t h e United States by European travelers and others. We take pleasure in complying with your request and proceed to answer the questions as far as possible.
1. From our experience we should say that t h e actual amount of American gold
coin carried out of t h e country by European travelers is exceedingly small.
2. Outgoing passengers do not as a rule carry United States money with them, as
it is exchanged in Europe at a large discount. For instance, in England a five-dollar
note or five-dollar gold piece would bring only £ 1 , and in t h e same proportion we
understand on t h e Continent. Money is carried in t h e form of letters of credit,
drafts, or in the currency of the countries the travelers intend to visit. Large
amounts of Bank of England notes and sovereigns are bought before sailing by t h e
travelers on t h e British lines for their immediate necessities on shipboard and on
landing. Where United States money is carried it is generally in notes, as they are
more convenient and can be exchanged on quite as favorable terms as American gold.
3. United States money is exchanged to a limited extent on shipboard ahd to some
extent abroad; but, as evidence that most of it is done on this side before the passengers sail, we may mention that considerable amounts of kronors are imported and
sold to Scandinavians going abroad. Large amounts of British gold. Bank of England
notes, and silver are imported by the touring agents for the convenience of their passengers. During the seasons of travel so great is t h e demand for the latter that they
frequently sell above their actual value at t h e current rate of exchange.
4. Incoming passengers do not change their foreign coin at the ports of departure,
as it would be done at a loss. They invariably bring it with them„ A hmited
amount is exchanged on shipboard. The amount of foreign money exchanged at the
barge office shows this to be the case as far as the steerage passengers are concerned.
5. Finally, we can only repeat t h a t from observation we do not believe that any
large amounts of American coins are carried by passengers eithcir going from or
coming into this country.
I t may be of interest to you to know t h a t for the convenience of our steerage passengers and to protect them from outside sharpers, we keep a supply of British gold
on the wharf on the day of sailing. During the past year we exchanged there,
mainly with steerage passengers, $98,230 American money for British gold.
If there is any other information you desire that we can furnish we shall be glad
to do so.
We are, dear sir, yours, respectfully,
J. W. L E E .
Per pro. White Star Line.
GEORGE E . ROBERTS,
Director of the Mint, Washington, D. C.
FI1900
16
242
REPORT ON T H E FINANCES.
[A. Emilius Onterbridge & Co., agents for Quebec Steamship Company, Limited, New York, Bermuda
and West India Line.]
No. 39 BROADWAY, N E W YORK, February 27, 1900.
DEAR SIR: I n reply to your communication of the 24th of February, we have to
advise that our opinion on t h e subject is limited to what we know with regard to
about 2,000 passages per annum, going to Bermuda and t h e West Indies by our
steamers. The monetary condition in these islands is such that drafts on New York
are greatly sought after b y the shopkeepers, boarding-house keepers, and hotels, and
much t h e larger part of the money spent in these islands by American travelers is
covered by ordinary bank checks drawn on New York, or on the banks in such city
as the American traveler may live. Consequently, t h e amount of currency or gold
taken out b y each cabin passenger does not exceed $100 per head. Of this we do not
think $10 per head is taken in gold coin. This inoney is not changed on shipboard
and seldom on land. Although British and French currency is used in the shops,
American currency is taken b y t h e shopkeepers a t a full valuation, and is remitted
by t h e shopkeepers back to New York under bills of lading as freight. The passengers returning to this country bring very little coin or currency. We carry no steerage
passengers, or so few as to make no count in the calculation.
Finally, we consider t h e amouut of gold coin taken out of this country by our
passengers is almost all returned as remittances from the merchants.
Yours, truly,
A . E . OUTERBRIDGE & C o .
Mr. GEORGE E . ROBERTS,
Director of the Mint, Washington, D. C.
HOLLAND-AMERICAN L I N E , New York, March 6, 1900.
DEAR SIR: Referring to your esteemed favor of the 23d ultimo, I can give you only
very indefinite replies to t h e questions asked, a n d taking these up in t h e order
named, I beg to inform you as follows: •
Outgoing passengers usually carry United States currency with them in addition to
the money exchanged before embarkation. This United States money consists of
gold, paper, and drafts.
Steerage passengers as a rule carry more paper t h a n gold; cabin passengers more
gold coin.
We estimate that the amount of gold coin carried by our steerage passengers averages from $4 to $5 each person, and by cabin passengers from $20 to $25 each person.
The gold taken from t h e tJnited States is commonly exchanged at t h e port of
arrival.
Incoming passengers usually exchange their foreign money for United States
currency before embarkation, but very seldom for gold coin.
In m y opinion the amount of gold carried out bf t h e United States exceeds by far
that brought back.
However indefinite and vague the answers given above may be, I hope that with
this information I have complied with your request and will be pleased' to answer,
as far as possible, any further questions which you may wish to ask on the subject.
Yours, very truly,
HOLLAND-AMERICAN L I N E ,
T. W. WiERDENER, General Agent.
GEORGE E . ROBERTS, Esq.,
Director of the Mint, Washington, D. C.
No.
301 PRODUCE EXCHANGE,
New York, March 6, 1900.
DEAR SIR: Your letter of February 23, addressed to Messrs. P. F. Gerhard & Co.,
has been handed to us for reply. One of our captains has answered your questions
as follows:
1. Carry United States gold, also a good deal of English gold, bought in theUnited
States.
2. Nearly all gold.
3. A fair estimate for steerage passengers, about $10 United States gold. A fair
estimate for cabin passengers, about $40 United States gold.
DIRECTOR OF T H E MINT.
243
4. A small amount is generally paid to t h e steward as wine money, t h e rest is
changed abroad.
5. United States gold coin changed abroad is generally disposed of b y money
dealers to returning passengers.
6. Incoming travelers, as a rule, change their money at their port of departure,
bringing home United States gold.
7. Believe that t h e amount of United States gold taken outward exceeds the
amount brought back, but can not estimate t h e difference.
8. W e estimate t h e passengers by our line outward for 1899 as 319 cabin and 321
steerage.
We should estimate t h e inward passengers as amounting to about t h e same.
Yours, faithfully.
RUSK & JEVONS.
GEORGE E . ROBERTS,
•
Director of the Mint, Washington, D. C.
No. 5 TO 11 BROADWAY,
• New York, March 3, 1900.
DEAR SIR: W e have your favor of t h e 24th ultimo, and have carefulty noted its
contents.
Inasmuch as our steamers carry especially only steerage passengers with occasionally few cabin passengers, whatever these cabin passengers m a y take in money from
the United States would be so insignificant that it would not have any figure in your
statistics.
From our own experience we have reason to believe that our passengers carry
mostly Italian money and have it changed here through the numerous Italian money
changers found all over t h e United States.
W e do not believe that our passengers carry much gold, unless i t be for ornamental
purposes. Passengers do not change money on our steamers. T h e Italians w h o go
abroad, should they carry more money t h a n what they brought into t h e United
States, will only carry Italian money.
Yours, respectfully,
HIRZEL, FELTMANN & Co.,
General Agents.
GEORGE E . ROBERTS, Esq.,
Director of the Mint, Treasury Department, Washington, D. C.
A letter similar to the above was also addressed to the principal firms
engaged in exchanging money in the city of New York. The following replies will indicate the character of all of the replies:
N E W YORK, Mctrch 6, 1900.
DEAR SIR: Your favor of t h e 27th ultimo has been duly received, and in reply to
same beg to inform you that outgoing travelers usually change their money before
they leave this country.
Whenever United States money is taken it is generally in United Statea or Treasury notes, which is at t h e most a very small amount.
We think $10 for each passenger, both steerage and cabin, would be a fair
estimate of t h e amount of t h e United States gold carried out of this country.
. AVhen United States money is taken from this country, passengers generally land
abroad with t h e same.
•
When they carry United States coin ashore on t h e other side it is generally
changed at t h e port of arrival and then disposed of by t h e money dealers to returning travelers. Incoming travelers as a rule change their foreign coin on their
arrival in New York; very little is changed on shipboard, and almost none at the.
ports of departure. From our observation and experience we believe that t h e
amount of United States coin carried out of t h e country by travelers equals t h e coin
brought back by t h e incoming travelers.
Always at your service, we are.
Yours, very truly,
BOLOGNESI, HARTFIELD & Co.
Mr. GEORGE E . ROBERTS,
Director of the Mint, Washington, D. C,
244
REPORT ON T H E FINANCES.
N E W YORK, February 28, 1900.
DEAR SIR: Your favor of t h e 26th instant at hand, and we take pleasure in answering your queries as well as our observations and experience will allow.
Do outgoing travelers carry United States money, or usually change their money
before they leave this country?
They usually change their money.
Where they take United States money, is it usually gold coin?
No.
W h a t would you say was a fair estimate for t h e amount of United States gold coin
carried out by each steerage and each cabin passenger?
Twenty dollars.
W h e r e they take United States money from this country, do they commonly
change it on shipboard or land abroad with it?
They land abroad with it.
Where they carry United States coin ashore on t h e other side, is there reason to
believe that it is commonly changed at the port of arrival and then disposed of by
the money dealers to returning travelers?
There is reason to believe that if it is changed at all, it is changed at t h e port of'
arrival and of course sold to returning travelers.
Do incoming travelers frequently change their foreign money for United States
coin a t their ports of departure or on shipboard, and thus bring home, in your opinion, a considerable part of our coin which has been carried out?
Yes.
Does your observation lead you to believe that t h e amount of United States coin
carried out of t h e country by travelers exceeds t h e amount of t h e same coin brought
back by incoming travelers and immigrants?
No.
Hoping this will prove satisfactory, as it is t h e result of long experience, we
remain,
Respectfully, yours, *
SCULLY & DEVITT.
Mr. GEORGE E . ROBERTS,
Director of the Mint, Washington, D. C.
NEW YORK, March 1, 1900.
DEAR SIR: W e have pleasure in replying to your favor of t h e 26th ultimo by giving
you below our impression as to t h e manner in which United States gold coin is taken
from or brought to this country.
1. Outgoing travelers take little United States money with them; they exchange
their money for foreign currency before leaving here as a rule.
2. I n instances where they do take United States coin it is usually gold coin.
3. I t is impossible for us to form any estimate whatever of t h e amount of United
States gold coin carried out by each steerage and b y each cabin passenger.
4. Where they take United States money from this country part of it is exchanged
on shipboard, b u t undoubtedly most of it is exchanged abroad. The pursers of t h e
various trans-Atlantic steamships ought to be able to give exact figures of how much
is exchanged on shipboard.
5. Yes; when their United States coin is exchanged abroad it is in most cases disposed of by t h e money dealers to returning travelers.
6. Yes; incoming travelers usually change their foreign coin for United States coin
at their ports of departure or on shipboard.
7. I t is impossible for us to make any estimate of how much United States coin is
carried out of this country by travelers, and therefore can not answer this question.
We trust t h e above will be satisfactory, and shall be glad to be of service to you in
any other matter you may see fit to call upon us for.
Yours, truly,
C. B. RICHARD & Co.
GEORGE E . ROBERTS,
Esq.,
Director of the Mint, Washington, D. C.
N E W YORK, N . Y . , March 6, 1900.
DEAR SIR: I n reply to yours of February 26, we would state first that outgoing
travelers carry with them both United States and foreign gold, and estimate that
about 10 per cent of the money taken is in American gold..
Further, they carry principally gold coin; otherwise gold certificates or legal tenders.
DIRECTOR OF T H E MINT.
245
Further, we believe that each passenger carries about $50 in American gold coin.
Further, we believe American money is only used on t h e other side when actually
required.
Further, we judge that about 50 per cent is changed either on t h e other side or
aboard ship.
Further, we also believe that t h e American gold taken out and brought back by
travelers to be about equal.
Very respectfully,
ZIMMERMANN
Hon.
&
FORSHAY.
GEORGE E . ROBERTS,
Director of the Mint, Washington.
N E W YORK, March 2, 1900.
DEAR SIR: Referring to your favor of t h e 21st of February, I will try, to the best of
m y knowledge, to answer here below t h e questions you ask:
1. The pleasure tourist or business traveler takes very little money in cash, draft,
and bills of exchange being generally bought prior to his leaving this side.
Probably 60 per cent of t h e total passengers change t h e amount of cash they intend
to carry with them before leaving this side into foreign currency, b u t I notice that
this percentage is decreasing materially each year, as now money brokers in foreign
countries are anxious to have United States gold, and consequently pay more for t h e
same than heretofore. T h e travelers are learning this, and hence m y reason for
claiming t h e above percentage will rather decrease than increase.
2. Yes; gold coin or gold notes.
3. A very small portion of t h e gold may be changed on board, but generally speaking t h e passengers land abroad with it.
'
4. No; I believe that most people carrying United States gold to other countries
change such portion of it as they may need from time to time, because if they were
to change it all at once, and for some unforseen reason had to return to the United
States before their intended trip had ended, they would lose something in exchanging their money once more into United States currency. Then, again, supposing a
traveler was going to Germany, he would not on his arrival in Bremen change all
his money in German currency, because afterwards he might wish to take a trip
through Italy, and then he would lose in having his German money exchanged into
Italian money. Hence it is quite logical to say that t h e traveler changes his United
States currency not all at once but a little at a time.
5. Half of t h e incoming travelers change their foreign currency either at t h e port
from which they sail or on shipboard, b u t it is well to recollect that many people
leaving this country with United States gold spend most of it abroad and return consequently with only a portion of it. Non-Americans usually bring pounds and francs
in currency, knowing they can get a good price for them from t h e brokers here.
Finally, to t h e best of m y knowledge, I believe that t h e amount of United States
gold taken out of this country exceeds t h e quantity brought in b y travelers.
I t is quite a difficult problem to state correctly t h e amount of excess, but I believe
that between 20 and 30 per cent is about right.
Trusting that what I have written above may be of some aid to you, I beg to
remain.
Yours, very respectfully,
CESARE CONTI.
GEORGE E . ROBERTS,
Esq.,
Director of the Mint, Washington, D. C.
The following interesting communications were received in reply to
similar inquiries:
N E W YORK, July 24, 1900.
Referring to our previous correspondence, t h e following is a copy of letter we have
received from t h e manager of our banking department of our chief office, Ludgate
Circus, London, which please note. W e trust t h e information given therein will be
of service to you, and if in t h e future you think we can supplement it, we need hardly
say we are at your service herein:
" W e have looked into this matter, and we think that we are approximately correct kl stating that t h e amount of American currency annually passing through our
246
REPORT ON THE FINANCES.
hands at this (the head office), which forms the clearing house forthe bulk of American currency purchased by our numerous offices at home and abroad; but only taking .
into account the actual amount received from our branch offices and not amounts
sold by them to the public, amounts to three-quarters of a million to one million
dollars. Of this amount about one hundred to one hundred and fifty thousand only
would be in gold coin, and from the opportunities Ave have, of judging, which we
think are of some importance, we should estimate the figures representing the total
amount of United States gold coin brought over by travelers as not exceeding half a
million dollars. Of t h a t sum, from one hundred to one hundred and fifty thousand
dollars passes into our hands, and from us to the Bank of England, or to various
bullion dealers. I n our opinion, the amount of gold carried back to the United
States by travelers is very insignificant."
Yours, very truly,
THOS. COOK & SON.
Mr.
GEORGE E . ROBERTS,
Washington.
BANK OF ENGLAND, LONDON, E .
C,
London, June 21, 1900.
DEAR SIR: I have to acknowledge the receipt of your letter of the 20th ultimo.
I fear that it is impossible to form any very correct estimate of the amount of
United States gold coin which, arriving in the pockets of travelers, filters through to
the Bank of England. Such coin usually finds its way into the hands of the money
changers and bullion dealers, who retain it, together with what they receive from
other sources, till a sufficient amount has accumulated to be worth selling to the bank.
The parcels thus brought to the bank generally include coin received from such
places as the Continent of Europe, West Africa, Hongkong, and South America, and
the bank have no means of distinguishing betv^een parcels of coin arriving from
different places.
The amounts given below are an estimate of the amounts of United States gold coin
received in each year, through such channels as would prevent their appearing in
the United States customs returns, as having been shipped to England:
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
£21,224
107,339
102, 081
78,567
113,046
246,012
60,417
940
47,249
....190,791
;
-
Total...
967,666
Hoping that the figures I have given may be of use,
I remain, dear sir, yours very truly,
H . G. BOWEN, Chief Cashier
The
DIRECTOR OF THE M I N T ,
Treasury Department, Washington.
A letter, similar in general contents, was also addressed to each of
the United States consuls resident in the important cities of Europe
frequented by American travelers, requesting that inquiries be made
of the money changers and bankers there concerning the amount of
of United States coin purchased by them. A large number of replies
were received^ the following being the more important:
CONSULATE OP THE UNITED STATES,
Algiers, April —, 1900.
SIR: I have the honor to acknowledge the receipt of the Department of State circular dated March 9, concerning American gold carried abroad by travelers, with
inclosure of the circular letter of the Director of the Mint, on the same subject, dated
February 24, 1900.
DIRECTOR OF THE MINT.
247
After careful inquiry I have to report that the amount of United States gold coin
brought into Algiers is quite inconsiderable.
The two principal money changers in this city are the tourist agency of Thomas
Cook and the Bank of the Credit Lyonnais. The former concern has not purchased
more than $1,500 per annum in United States gold in ten years, and the Credit Lyonnais about $500. Neither of these concerns have sold any to Americans about to
return to the United States.
A small quantity—about $250 per annum—has been sold to local jewelers and to
individual Arabs; in t h e latter cases, as ornaments for their women.
I t is not common here for travelers to exchange United States gold for French
money, and the principal source of its supply here is from United States vessels
of war, as in the case of the recent arrival of the U. S. S. Dixie, when $750 in United
States gold was exchanged at Thomas Cook's agency in one day.
The agency of Thomas Cook remits all its collections, including United States gold,
to London, and the Credit Lyonnais to Paris, France.
I t will be inferred from the above-stated facts, that practically no United States
gold which is brought to Algeria finds its way back to the United States.
I am, sir, your obedient servant,
DANIEL S. KIDDER, Consul.
-
Hon. DAVID J. H i i x ,
Assistant Secretary of State, Washington, D. C
AGENCY AND CONSULATE-GENERAL OF THE UNITED STATES,
Cairo, May 31, 1900.
SIR: I n reply to the Department's circular instruction of March 9, 1900, inclosing
a copy of a circular from the Director of the Mint, who desires information in regard
to the amount of American gold brought into Egypt by travelers, I have to state that
I learn upon inquiry that a very little is brought here, as American gold is not considered a legal tender in this country. Egyptian, British, and French gold are the
c u r r e n t coins. My information is obtained from bankers and from Messrs. Thomas
Cook & Son, Alexandria, the latter firm only receiving in a year about $75 in United
States gold.
Of course most travelers carry letters of credit or circular notes instead of coin.
I am, sir, etc.,
J O H N G . LONG,
Agent and Consid-General.
Hon.
DAVID J. H I L L .
CONSULAR SERVICE UNITED STATES OP AMERICA,
Edinburgh, Ajml 2, 1900.
SIR: With reference to the inquiries contained in your letter of 24th February, 1900,
I have the honor to submit the following report:
I t is my information, derived from money dealers, financial companies, bankers,
and agents for steamship lines, t h a t most of those American travelers who may have
American money in large or small amounts in their immediate possession when they
embark for this country exchange it at the port of arrival. This is also true of the
limited number of emigrants from the United States to the United Kingdom.
Comparatively few American travelers who come to Edinburgh ofier American
money for exchange, and a very small proportion of the money so offei-ed is gold. I t
may be well to note that none of these transactions take place at the banks. I n Scotland the banks do not change foreign money. When American gold or paper is presented at a bank the holder is directed to one of the companies that make it part of
their business to exchange money.
During the calendar year 1899 between 13,000 and 15,000 Americans visited Edinburgh. AVhile it is impossible to ascertain the exact amount of United States gold
exchanged I can say that $3,300 is a close approximation. This estimate is based
upon statements furnished by the leading money dealers and passage brokers. About
$40,000 of American paper money was exchanged by travelers last year.
Little of the American gold exchanged in this city is taken from here by returning
American travelers, who, as a rule, exchange their foreign money in London or at
the port of departure. Most Americans who do exchange their foreign money in
Edinburgh ask for American paper. I t is estimated that 5 per cent of the gold
brought here from the United States is taken back directly by returning travelers or
by residents of this city leaving for the United States.
248
REPORT ON THE FINANCES.
Practically all of the remaining 95 per cent goes to London banks or to London and
Liverpool agents for steamship lines. The manager of a financial company to whom
I applied fo^ information writes:
" I have had the matter we spoke of looked into, and find that the American gold
coin we purchased during t h e year 1899 was $300, and that the whole of t h a t was
resold in London, with the exception, perhaps, of $10 or $20 given to parties going
from h e r e . "
Other money dealers say much the same thing as to what becomes of the gold. The
firm that receives the largest amount of American gold in exchange informs me that
in t h e average year somewhat more than 95 per cent quickly finds its way to London
or Liverpool.
I n my opinion, the American gold which remains permanently in Edinburgh in
any form is inconsiderable.
I am, sir, your obedient servant,
RUFUS FLEMING,
Consul.
Hon.
GEORGE E . ROBERTS,
Director of the Mint, Treasury Department, Washington, D. C.
UNITED STATES CONSULATE AT DUBLIN,
April 23, 1900.
The business of buying and selling foreign money in Dublin is concentrated in the
hands of four dealers, any gold or currency coming to t h e banks being sold to one
of the dealers. These dealers, with one exception, do not keep their books in such
a manner as to accurately tell the amount of gold as separate and distinct from currency, but from as careful an estimate as can be made I deduce the following:
The gross amount of United States coin and currency bought by all the dealers
here during the year ending March 31, 1900, amounted to between $48,000 and
$49,000. Of this amount it is estimated that about one-eighth, or 12.5 per cent, was
in gold coin. Practically all of this $6,000'was resold in London.
I t is the general opinion that much less gold is .brought over at present than in
former years. The gold brought in at present is brought by people from t h e Pacific
States. As the United States currency sells here at t h e same price as gold, nearly
every emigrant or tourist brings currency. Some of this is exchanged by the pursers
on the ocean steamships, who do quite a business in exchanging foreign money before
arrival. After landing, t h e tourist or emigrant disposes of his money as necessity
requires. As most of the travelers arriving in Ireland from the United States expect
to return, they would naturally adopt this course.
Very few travelers buy gold to take to the United States. They .prefer currency
for its greater convenience.
As a result of my investigations, I should say that the amount of United States gold
carried abroad by emigrants and travelers from the United States exceeded that of
the United States gold brought into t h e United States by travelers by a small amount,
hardly large enough at this port to be of any consequence.
JOSHUA WILBOUR, Consul.
UNITED STATES CONSULATE-GENERAL,
Antwerp, April 9, 1900.
I n reply to the questions propounded by the Director of the Mint, in the circular
of t h e Treasury Department, dated February 24,1900, in regard to estimate of United
States gold com brought by travelers and returning emigrants, the following is
respectfully submitted:
Cabin passengers from t h e United States do not, as a rule, as far as can be ascertained from inquiry here, and as far as it has come under my personal observation,
carry any large quantity of gold on their persons. As to whether steerage passengers
returning home carry their savings in coin or not is difficult for me to ascertain, inasmuch as the bulk of the immigration which passes through this port is from countries
other t h a n Belgium. All that can be said of the latter is that very little or none of
the class referred to change any coin at this port.
As to whether travelers and emigrants, as a rule, exchange their money at the port
of arrival or at interior points, I should say decidedly that the money was exchanged
at interior points, if at all.
Travelers arriving at this port, either directly from the United States or for the
Digitized forpurpose of embarking here for the United States, usually spend the shortest time*
FRASER
DIRECTOR OF T H E MINT.
249
possible in the city itself, and for that reason, if no other, t h e necessity of changing
money would necessarily not often occur.
As to whether tourists and emigrants for t h e United States change their money
before leaving for American coin, I should say no, inasmuch as, so far as m y observation goes, notes are usually preferred by travelers or tourists, whereas emigrants frequently purchase orders on t h e company or bankers in order to avoid t h e risk of much
money on their person.
I n regard as to whether t h e amount of United States gold coin carried abroad in
possession of travelers exceeds t h e amount of t h e same brought back, it is difficult
for m e to express an opinion of any value, inasmuch as little of t h e exchange takes
place at this port.
The most prominent exchange broker known to me here, and who does t h e largest
amount of business with travelers, owing to t h e situation of his office in t h e immediate vicinity of t h e best hotels, informs me that t h e amount of American gold coin
offered him has never averaged greater than between $200 and $300 per year.
Another prominent exchange broker informs me that $100 in coin is the largest
amount that has ever been offered h i m during t h e same interval of time.
That t h e amount brought abroad by travelers can not be, generally speaking, very
large, would seem to m e to be t h e case, as t h e result of m y observations in traveling
have been that in nearly all large cities one finds t h e windows of t h e money brokers
well supplied with American bank notes of nearly every description, b u t rarely is to
be seen any United States gold coin displayed.
GEO. F . LINCOLN, Consid-General.
UNITED STATES CONSULATE,
Brussels, April 12, 1900.
I n reply to Department circular dated March 9, 1900, I have t h e honor to report
that, after due inquiry, I am informed by bankers and money brokers in this city that
travelers coming to Brussels from t h e United States generally bring letters of credit,
checks on Paris, France, or London, England, and, now and then, small sums in United
States iDaper money. Occasionally t h e lower classes, such as steera,ge passengers
returning to this country from t h e United States, bring United States gold coin in
small quantities, varying from $10 to $50, and usually exchange i t at t h e port of
arrival. AVhen such coin is exchanged in this city, at t h e banks or money changers,
it is subsequently sent to Paris, Berlin, or Amsterdam.
I am further informed that when tourists and persons emigrating to t h e United
States from Belgium exchange French and Belgian money, they ask for United States
paper money and checks, b u t never for United States gold coin.
I t is impossible to ascertain t h e amount of American gold coin received or disbursed
by t h e bankers or money brokers of this city, as they keep no separate account of this
special transaction. Bankers and money brokers at Charleroi state that t h e only
American gold coin received at Charleroi is brought there by Belgian workmen
returning to their homes with their savings from t h e United States., and that t h e
total amount received during t h e year 1899 amounted to $2,000. As there is no
demand at Charleroi for American gold coin, this amount was sent to Brussels and
there sold.
I attach herewith copies of letters received from Messrs. Balser & Co. and Messrs.
Bigwood & Morgan, prominent bankers in this city, relative to t h e subject-matter of
this report.
GEO. AV. ROOSEVELT, Consul.
[Translation.]
7 R U E D'ARENBERG,
Brussels, April 3, 1900.
SIR: AVe have t h e honor to acknowledge receipt of your letter of t h e 31st ultimo,
inclosing a list of questions, which we herewith return.
AVe beg to say that travelers coming from t h e United States exclusively use letters
of identification, circular notes, or letters of credit, and that neither on their arrival
or departure do they change American gold for Belgian money, or vice versa.
Please receive, sir, t h e assurance of our most distinguished consideration.
BALSER & Co.
Mr. GEORGE AA''. ROOSEVELT,
Consul of the United States of America,
82 Boulevard de Waterloo, Brussels.
250
REPORT ON T H E FINANCES.
BRUSSEI^S, April 5, 1900.
SIR: I n reply to your favor of t h e Slst ultimo, handing us t h e inclosed list of questions, allow us to say that t h e quantity of American gold we have received during
the past few years has been so very small that no account could be kept of it.
There is, no doubt, more gold coming from t h e States than there are inquiries
made for it, and we are under t h e impression that t h e greater part of t h e American
gold t h a t finds its way into Belgium goes back to t h e States via Antwerp, by t h e
' ' R e d S t a r " and other steamship lines.
AA^e remain, sir, yours, faithfully,
BIGWOOD & MORGAN.
Colonel ROOSEVELT,
United States Consul, Brussels.
CONSULATE OF THE UNITED STATES,
lAverpool, April 9, 1900.
SIR: I have t h e honor to make a report in response to circular instruction of t h e
Department, dated March 9,1900, in regard to American gold carried abroad by travelers.
I submitted t h e questions of t h e Treasury Department, Bureau of t h e Mint, dated
February 24,1900, to t h e managers of t h e American Line (Philadelphia service), t h e
AVhite Star Line, and t h e Cunard Line.
Following are t h e replies:
T h e American Line: "Travelers from t h e United States and steerage passengers
returning therefrom do not carry coin except to t h e most infinitesimal extent imaginable. T h e tourist carries circular notes, or letters of credit, or drafts on bankers or
on t h e steamship company, and t h e steerage passenger usually has his in t h e latter
shape.
'' No class of passenger appears to supply himself before leaving America with money
in .any shape other than t h e above beyond comparatively small sums for current
expenses on embarking and during t h e voyage, and t h e money in American currency
t h a t reaches this side to be exchanged here appears to be t h e unexpended balance of
such small sums. This even is generally in United States Treasury notes. Coin is
the exception.
'' AVe have no data or figures we can give you in detail, b u t from general observation we think we are right in saying that not more t h a n 1 per cent of t h e total money
brought over comes in any shape other than circular notes, letters of credit, and
drafts, as stated, and this 1 per cent is largely in United States Treasury notes, and not
in coin."
The AVhite Star Line: " Our experience is that passengers from t h e United States
usually carry drafts, and it is very seldom any returning passengers call here with
American coin or paper money."
The Cunard Line: "Travelers from t h e United States do not usually carry United
States gold coin; they change it before leaving t h e United States, or on board t h e ship
which brings t h e m across. Nor do steerage passengers returning from t h e United
States often carry their savings in coin. AVe should say that they are mostly brought
in drafts or greenbacks."
I also submitted t h e Treasury Department's inquiries to t h e leading exchange
bankers of Liverpool, from which t h e following extracts are taken:
(1) "Travelers from t h e United States do not commonly carry United States gold
coin, b u t immigrants from some of t h e AVestern States frequently do so.
" W h e r e travelers or immigrants bring coin they usually exchange it at t h e port of
arrival, b u t what small quantities find their way into the interior are usually disposed
of by t h e exchangers to dealers in London, Liverpool, etc.
" W e are of t h e opinion t h a t alarge amount of United States gold coin brought over
here is probably melted. Any finding its way into t h e Bank of England would be
shipped to t h e United States whenever circumstances permitted of it being done
profitably.
'' Tourists and emigrants for t h e United States do not frequently change their foreign money in Europe for United States coin."
(2) " T h e majority of travelers from t h e United States do not bring gold, but use
Treasury bills.
" T h e exchange depends chiefly on the time of landing from t h e incoming steamer,
and is in about equal proportions between t h e inland towns and t h e ports of arrival.
Ill t h e former case the gold is sent to t h e exchange banks at ports of embarkation.
DIRECTOR OF T H E MINT.
251
'' Tourists and emigrants, as a rule, change their money for United States currency
before embarking, but only a portion of the latter class require coin instead of bills.
'' The amount of gold received is counterbalanced by t h e amount paid out.
'' I n addition to the above remarks we w^ould add that passengers from the Western States invariably bring gold and invariably require gold when returning. These,
however, do not form a very large or influential class of travelers."
I am, sir, your obedient servant,
JAMES BOYLE, Consul.
Hon.
DAVID J. H I L L ,
Assistant Secretary of State, Wctshington, D. C.
CONSULATE-GENERAL OF THE UNITED STATES OF AMERICA,
London, April 10, 1900.
DEAR SIR: I have received through t h e Department of State, your circular letter,
dated February 24, in regard to amount of American gold carried abroad by travelers. I have made inquiries of the leading bankers here and the following is t h e
information I have gathered from them:
From Messrs. Brown, Shipley & Co.:
(1) "According to our experience travelers from t h e U n i t e d States do not carry
United States gold coin from that country. Our own knowledge, on which we base
this statement, is, we should say, rather confined to the class of American travelers
who finance themselves by means of circular letters of credit, and does not extend
to t h e custom adopted by steerage passengers and emigrants. We are inclined to
think that, as a general rule, American currency is brought over, rather than American gold coin, except, perhaps, from t h e Western States. W e say this because the
comparatively rare cases in which we have been asked to exchange American gold
coin for British coin are mostly in respect of travelers from the Western States.
(2) " W e think it may safely be assumed that travelers or emigrants would
naturally exchange any American gold they may bring with them at their port of
arrival in this country.
(3) " T h e class of tourists and travelers who are brought into relation with us
would, as a rule, convert any foreign money into United States currency prior to
their return to America, but our experience would rather go to show that they take
'greenbacks' in preference to United States gold. At any rate, exchanges of this
kind are not of considerable extent. We are unable to form an idea as to the amount
of American gold coin carried back to t h e United States as compared with the amount
of American gold coin brought out of that country by travelers.
(4) " The first part of your inquiry in this paragraph is replied to above (No. 3).
As regards t h e second part of your inquiry, we may say, speaking from our own
experience, that—excepting gold coin from the question, which, as we have said, is
in but limited use—exchange dealers would sell an amount in American currency
considerably in excess of that which they would purchase from travelers arriving in
this country; but on this point probably some allowance must be made in respect of
t h e visitors from this country to t h e United States, who have to provide themselves
with American currency.
'' To sum up the question generally, we may say that the amount of United States
gold coin bought from travelers on their arrival in this country and sold to them for
use in the United States on their return represents a minute percentage of any
exchange of funds of t h e kind. The amount would be very considerably exceeded
by that representing t h e exchange from or into American currency, and it should be
borne in mind that all but a very small percentage of travelers or emigrants between
t h e two countries provide themselves with t h e means of withdrawing funds on their
arrival, either in this country or in the United States, in t h e shape of bankers' circular letters of credit, bankers' drafts, or by special arrangements made individually
with bankers for t h e transfer of funds ultimately to be made available on one side or
the other. We are inclined to think that, on the ground of convenience and avoidance of loss, few travelers would carry gold when these other means of providing
themselves with funds are open to them.
" Y o u will gather from this last paragraph that, even taking into account the
exchange of gold, t h e actual exchange of American money and British coin is very
small compared with the amount paid by bankers on either side of the Atlantic in
t h e shape of drafts under letters of credit, bills of exchange, and circular notes, and
we may mention that Americans coming to this side are to some extent in the habit
of availing themselves of a supply of British gold and Bank of England notes (the
252
REPORT ON T H E FINANCES.
latter far exceeding t h e former in amount), which is obtainable in t h e chief Eastern
cities of t h e United States."
From Messrs. J. S. Morgan & Co.:
'' Travelers calling at our office carry practically no United States coin, b u t make
use of bills of exchange and letters of credit. T h e inquiries which we have made at
some of the money changers' and shipping offices here are also without result, and we
are told that they see less American gold coin now than they used to do years ago.
"Liverpool and Southampton would appear to be t h e only two • places where it
might be possible to form a 'rough and ready' estimate, b u t even there we do not
think such estimate could be at all reliable."
From Messrs. Seligman Brothers:
'' We find from personal experience that travelers from t h e United States very
rarely carry United States gold coin. They find it more convenient to carry greenbacks, b u t they generally avail themselves of circular letters of credit issued by
banking firms in New York.
'' Travelers from t h e United States spend large amounts of money in Europe, b u t
not in t h e shape of United States coin, as t h e amounts they draw on their circular
letters of credit are in European coin. T h e movement in United States gold coin is
consequently very small."
From Messrs. B. AV. Blydenstein & Co., (bankers and money changers):
'' Our experience is t h a t travelers from t h e United States seldom carry gold, b u t
mostly notes."
I trust you will find t h e foregoing information of service.
Yours, faithfully,
AVM. M . OSBORNE, Consul-General.
GEORGE E . ROBERTS, Esq.,
Director of Mint, Washington, D. C.
UNITED STATES CONSULATE,
Manchester, April 20, 1900.
SIR: I have t h e honor to acknowledge receipt of Department's circular of March 9,
1900, inclosing copy of a circular prepared by t h e Director of t h e Mint, dated February 24, 1900, desiring information as to the amount of American gold carried abroad
by travelers.
To comply with t h e Department's instruction I have obtained from three of t h e
principal banks in this city and inclose herein copies of letters giving their experience
in dealing with American gold carried abroad by travelers.
I am, sir, your obedient servant,
WILLIAM F . GRINNELL, Consul.
Hon. DAVID J. H I L L ,
Assistant Secretary of State, Washington. D. C.
T H E MANCHESTER AND LIVERPOOL DISTRICT BANKING COMPANY, LIMITED,
Manchester, April 17, 1900.
DEAR SIR: I duly received your communication respecting United States gold coin
and it gives m e pleasure to place our services at your disposal.
I n reply to your inquiry, I think it may safely be stated t h a t very little American
gold is brought into Manchester or its neighborhood. Travelers on pleasure bring
letters of credit and t h e banks here afford free facilities by giving what money is
required in English currency. United States gold imported to this country for commercial purposes for Manchester firms would go direct to London from Liverpool or
Southampton and be accounted for afterwards, thus. t h e merchants in Manchester
receive t h e proceeds without ever having seen t h e gold coin.
W i t h regard to travelers leaAdng this country to visit t h e United States our experience is that letters of credit are obtained, payable at various places in t h e States, and
sometimes, in addition, a few Bank of England, notes are taken.
Our chief cashier here states that little or no American gold is tendered at the
counter, and that our branch banks seldom send any for sale.
We have made inquiry from our neighbors, Williams Deacon, t h e Manchester and
Salford Bank, and t h e Manchester and County Bank, Limited, who, with ourselves,
may be looked upon as representative banks in Manchester, and find that they
also practically receive no United States gold coin. Corytons, money changers in a
modest way, say much t h e same thing.
DIRECTOR OF T H E MINT.
253
The Exchange and Investment Bank, doing a fair business as money exchangers,
report that they can not tell t h e exact amount they receive. W h e n they have collected a few hundred dollars they forward them to London.
I am, dear sir, yours truly,
A. BENNIE, Managing Director.
W I L L I A M F . GRINNELL,
Esq.,
United States Consul, Manchester.
J O H N STUART & Co., LIMITED,
Manchester, April 12, 1900.
DEAR SIR: W e are duly in receipt of your favor of t h e l l t h instant inclosing copy
of circular you have received from t h e Director of t h e United States Mint, and have
pleasure in giving you our experience on the questions contained therein.
As far as our experience goes travelers from t h e United States do not carry gold
coin, b u t come over with letters of credit, which letters are cashed on this side. Of
course it is unnecessary for us to point out that t h e cashing of these letters creates a
debit against t h e United States which has to be met sooner or later b y a remittance
in gold or produce. AVe have no experience of steerage passengers bringing their
savings to this side in coin.
W e do not know whether travelers or emigrants exchange any large amount of coin
at port of their arrival, b u t t h e small amount that is brought to us we have no difficulty in disposing of to travelers returning to t h e United States.
Our experience is that t h e amount of coin brought here in t h e possession of travelers will be about balanced by the amount taken back.
We are, dear sir, yours faithfully,
R. HEATON SMITH, Director.
For J O H N STUART & Co., LIMITED.
The Hon.
W M . F . GRINNELL,
United States Consulate, Manchester.
MANCHESTER AND COUNTY BANK, LIMITED,
Manchester, April 12, 1900.
DEAR SIR: AVe are in receipt of your favor of l l t h instant inclosing copy of circular issued by t h e Director of t h e United States Mint relative to the amount of
American gold carried abroad by travelers.
I n reply, we beg to say that we never receive American gold from travelers; in fact,
have very rarely had it tendered to us, this branch of business coming more within
the operations of foreign money changers, but we frequently negotiate drafts of
American travelers, drawn under virtue of letters of credit carried by them.
I am, dear sir, your obedient servant,
ROBERT STEELE, Assistant Manager.
W M . F . GRINNELL,
Esq.,
• United States Consul, Manchester.
CONLULATE O F THE U N I T E D
STATES.
Nottingham, May 1, 1900.
SIR: I have t h e honor to report, in response to inquiry of March 9, relative to
American gold carried abroad by travelers, that in this district, comprising t h e counties of Nottinghamshire, Leicestershire, and Derbyshire, tho leading bankers state
that it is extremely unusual for such coin to be offered, and that from a careful compilation of their reports, an amount not to exceed 10 eagles ($100), might be received
in this district in t h e course of a year. Even this would not occur as a natural business transaction, but because American lace buyers, who are practically t h e only
visitors, might find it convenient. W h e n such gold is offered it is cashed here at a
heavy discount, the English sovereign being held equivalent to the American $5 piece.
The gold thus obtained by local bankers is forwarded to London for disposition.
The American silver is not offered, and if it were would not be received, except
as subject to London disposition.
254
REPORT ON T H E FINANCES.
The average American, used to English methods, brings a letter of credit, turning
his small change into English money at the wharf in Southampton or Liverpool.
I do not believe that a single dollar of American gold coinage is lost to American
circulation through travelers in this section.
I have the honor to be, sir, your obedient servant,
S. C. MCFARLAND, Consul.
Hon.
DAVID J.
HILL,
Assistant Secretary of State, Washington, D. C.
CONSULATE OF THE UNITED STATES,
Southampton, May 31, 1900.
SIR: I have the honor to report, in reply to your letter of inquiry of March 9, with
inclosure from the Director of the.Mint, dated February 24, in regard to. "American
gold carried abroad by travelers."
The amount received at this port, as stated by money changers, is small. The
leading changer here reports about $1,000 a year.
The gold received by thein is all disposed of to returning travelers, and the demand
here for United States gold coin is in excess of the supply.
First and second cabin passengers seldom want gold. The same is true of foreigners
who have been in the United States before. They refuse gold and ask for paper. The
gold coming here is brought only in small amounts, and emigrants going to America
are the ones who want gold, and as this class is so largely in excess to America, the
changers here, therefore, dispose of all their American gold to passengers bound for
the United States.
I am, sir, your obedient servant,
JOHN E . HOPLEY,
United States Consul.
Hon.
THOS. AV. CRIDLER,
Assistant Secretary of State, Washington, D. C.
_
CONSULATE OF THE-UNITED STATES OF AMERICA,
Birmingham, June 23, 1900.
SIR: I beg to acknowledge the receipt of your circular of March 9, inclosing the
Treasury Department's circular of February 24, signed by George E. Roberts, esq..
Director of the Mint.
These communications reached here after I had sailed for the United States, on
March 24. Upon my return I made inquiry of the principal banks here, and find
that they handle only English money, so I then sent a copy of Mr. Roberts's letter
to the principal ticket brokers and money changers in Birmingham, and am in receipt
to-day of t h e first reply, which reads as follows:
"17
UNION PASSAGE,
^^Birmingham, June 21, 1900:
" S I R : I have the honor to acknowledge the receipt of your communication, dated
June 20, in which you solicit from me information on the subject of the withdrawal
of United States gold from the United States of America.
"As you are aware, my means of observation have extended over a period of something like thirty-five years, but it is also a factthat in an inland city like Birmingham
those means are naturally of a very restricted character.
" I believe my first transaction as a money changer was with an American who was
'fixed' at t h e railway depot with no other meansof traveling than his American
gold, and a portion of this I converted into English currency. At that period—that
is, from 1865 until the proclamation which made paper on a par with gold—it was a
common experience to find American travelers provided with gold as the medium for
exchange, but since paper became of an equally representative value with gold the
quantity of the latter has visibly decreased. I do not think that on an average, so
far as I am personally able to speak, there would be more t h a n about $2,000 in gold
pass through this exchange .in the course of a year. I n former years a miner from
Colorado or Idaho coming through here would have as much in a single transaction.
" I have no reason to think t h a t t h e possession of gold in preference to notes is
peculiar to the steerage passenger; on t h e contrary, my personal experience is that
in nine cases out of ten this class of visitor is possessed of paper money only.
" I have observed that exchange operations are restricted in inland centers,
excepting in a case like London, which now has far superior advantages in this
DIRECTOR OF THE MINT.
255
respect than formerly, when, taking Liverpool as an example, travelers effected
exchange on a large scale before starting off for their inland destination. But with
the advantage to passengers of the riverside station, which receives the main body
of money holders, these can now disembark and board the train making direct for
the metropolis.
"During recent years there has been a considerable development of exchange of
money on t h e Atlantic liners, t h e officers of the vessels making this a perquisite to
their official, pay, and in that way, speaking from an inland position, considerable
money is intercepted and prevented from reaching inland centers. AVith regard to
the disposition which is made of United States gold finding its way to the exchanger,
m y opinion is that, so far as the regular bureau de change, or JDank proper, is concerned, the gold flows into a regular course of exchange, much of which is carried
back to America by t h e returning passenger or t h e emigrant to that country. I n
this way the exchanger gets a slight advantage over the transaction as compared
with the sale to the bullion. dealer for purposes of melting. There is undoubtedly
a considerable amount of gold which finds its. way into this channel from many
inland points, where Americans may be visiting, and who sell to the retail jeweler.
The latter on purchasing goods from t h e manufacturer will often pay in American
gold thus obtained, and in the end the dollars find their way to the assayers and
refiners of gold.
'' Undoubtedly the amount of United States gold carried by travelers from t h e
States and exchanged by them in this country would exceed the amount carried back
again, but, as in m y own case, there is no specially distinctive difference made in
book entries between gold and notes bought and the same v^hen sold, it is not possible to furnish statistics on the subject. I t would be an easy matter to do this, and
thus to keep the two classes of money apart, and alittle labor would enable a year's
report to be gathered from the books kept, and a good average from all sources might
thus be easily obtained.
" I have the honor to be, sir, your most obedient servant,
"J.
"Hon.
FRANCIS BRAME.
MARSHALL HALSTEAD,
^''United States Consuli Birmingham.''^
Mr. Brame, in an accompanying note, suggests that the refiners here in Birmingh a m could give a good account of the amount of United States gold destroyed by
melting, and states that he has sold occasionally to them when travel has been slow
and stock has accumulated, but he usually holds on to sell to travelers, and thus
secures t h e best margin possible.
I will, on t h e first opportunity, interview some of t h e refiners on the subject.
I am, sir, respectfully, yours,
MARSHALL HALSTEAD, Consul.
Hon.
DAVID J.
HILL,
Assistant Secretary of State, Washington, D. C.
CONSULATE OF THE UNITED STATES,
. Birmingham, June 29, 1900.
SIR: Under date of J u n e 26 I wrote to Messrs. Charles AVestwood & Sons, Hall
street, Birmingham, and Messrs. Charles Harrold & Co., 3 St. Paul's square, Birmingham, the following letter: ^
" U n d e r the heading of 'Refiners' I find your firm's name in the Birmingham
directory, and must beg your kind consideration to t h e inclosed communication which
I have received from the Director of the United States Mint, at Washington. No
doubt you know that in the whole world of finance the statistical work done by the
Director of the United States Mint is regarded as very important, and it is not
restricted to the use of Americans only, but is published and given broadcast to the
world, so that I feel I am warranted in asking you to assist me in getting t h e information Mr. Roberts seeks. The main point of the inquiry to you is, of course, as to the
amount of United States coin you have occasion to melt up for bullion purposes.
" B y replying to this communication in the inclosed stamped and addressed envelope you will not only very greatly oblige t h e writer, but be of real assistance to all
interested in statistics.''
Messrs Westwood & Sons' reply reads as follows:
'' I n reply to your inquiry addressed 53 Great Hampton street, very little United
States gold is offered to us; jewelers with whom our business chiefly lies probably
using it for their own purposes."
256
REPORT ON T H E FINANCES.
I t seems that very little United States gold coin^ is melted in Birmingham by
refiners.
Messrs Charles Harrold & Co., assayers, refiners, and dealers in precious metals, 2
and 3 St. Paul's square, Birmingham, reply to my letter of inquiry as follows:
" Replying to yours of the 26th instant, very little United States gold coin is off ered
to us over the counter, say, on an average, 30 to 50 ounces per annum. W e purchase
on an average from the London bullion brokers about 127 ounces per m o n t h . "
I am, sir, respectfully, yours.
MARSHAL HALSTEAD, Consul.
Hon.
DAVID J.
HILL,
Assista7it Secretary of State, Washington, D. C.
CONSULATE OF THE UNITED STATES,
Birmingham, July 6, 1900.
SIR: Supplementary to dispatches of J u n e 23 and of J u n e 29, replies to the Bureau
of the Mint's inquiry concerning American coin in Great Britain, I beg to report
having received the following replies to letters written on t h e subject:
[W. E. Whitehouse, bullion dealer, Nos. 102 and 104 Spencer street, Vyse street.]
BIRMINGHAM, July 2, 1900.
DEAR SIR: Yours and inclosure from United States Mint duly received and considered.
United States gold coin constantly finds its way here, especially in the smaller
denominations, to be disposed of as old gold, but the aggregate amount is inconsiderable, probably not more than 20 ounces per annum—maybe less—and very often the
coins have been in wear as charms, brooches, ornaments, etc.; that is to say, they
have been out of circulation for some time.
On t h e other hand, a much larger quantity gets into t h e hands of manufacturing
jewelers, who alloy them down to their own requirements, thus realizing them to
greater advantage than by selling to the refiners, as they thus avoid the refiners'
commission. AVhat this consumption amounts to I have no means of estimating, but
as a matter of opinion I do not think that it would be relatively considerable. They
would n o t b e used as a matter of preference, as English gold,coin is soraewhat higher
in carat value.
I have just spoken with one of t h e largest dealers in coins in this country, and his
experience is wide and his judgment sound, and he says that, speaking generally, a
very small amount of American gold coin finds its way into England. Of course he
means outside the circle of bankers, financiers, and brokers.
I am sorry I can not give you more definite information, but if there is anything
further I can do to assist you my services are at your disposal.
Yours, faithfully,
W. E. WHITEHOUSE.
M. HALSTEAD,
Esq.
ASSAY OFFICE, REFINING AND SMELTING AVORKS.
Birmingham, July 2, 1900.
DEAR SIR: I n reply to your letter of June 29, respecting t h e communication
received from t h e mint authorities at Washington, U. S. A., I beg to say the only
American coin I have for melting purposes during one year would not exceed £10
worth, if as much, as I only get a few dollars, or 5-dollar pieces, with other old gold
from shopkeepers or pawnbrokers. ( " T h e above of course refers to gold coin.—
E.D.")
Yours, faithfully,
EDWARD DAY.
MARSHAL HALSTEAD,
Esq.,
Consul of the United States, Birmingham.
DIRECTOR OF THE MINT.
257
[B. Rothschild, bullion dealer, No. 38 Frederick street.]
BIRMINGHAM, July 2, 1900.
DEAR SIR: In reply to your letter and inclosure of 29th ultimo I am sorry that I
am not in a position to give you any information, as I only deal in the pure blocks,
which are consigned to me per my brokers, and do not buy coins or scrap of any
description.
Yours, faithfully,
B. ROTHSCHILD.
MARSHAL HALSTEAD, Esq.
[John Padmore & Sons, refining and smelting works.]
BIRMINGHAM, July 2, 1900.
DEAR SIR: We have no occasion to melt any United States coin.
Yours, truly,
JOHN PADMORE & SONS.
MARSHAL HALSTEAD, Esq.
[Lees & Sanders, sweep smelters, refiners, bullion dealers, and manufacturers of sulphate of copper.]
BIRMINGHAM, July 2, 1900..
DEAR SIR: In reply to inquiry re American coin, we beg to say that we do not
either buy or use 10 grains a year.
L. & S.
[Thos. Cook & Son, tourist and excursion managers, shipping agents, and foreign bankers.]
BIRMINGHAM, July 2, 1900.
DEAR SIR: Replying to your favor of June 29, we beg to say that the quantity of
foreign money brought over to this country in the way of coin from America is very
small, and we invariably sell it again to people who are traveling from this country to America. The proportion to the aniount of currency in the way of notes we
should not consider to be much more than 5 per cent. Our experience is that travelers both to and from the United States carry notes, and if at any time we do purchase a larger quantity of coin than usual we experience great difficulty in disposing
of same to travelers going out to America. Your letter addressed to our Station
street office has been delivered here, that office being now closedo
AVe may say, however, the bulk of the foreign-money exchange of this firm in
Birmingham is dealt with through this office.
Yours, faithfully,
THOS. COOK & SON.
MARSHAL HALSTEAD, Esq.,
Newton Chambers.
[Thos. Cook & Son, tourist and excursion managers, shipping agents, and foreign bankers.]
BIRMINGHAM, July 4, 1900.
DEAR SIR: Your favor of the 29th to our Corporation street office has been handed
in here, and in reply to same we beg to state that the explanation set forth in ours
of July 2 from this office covers Corporation street business also.
Yours, truly,
THOS. COOK & SON.
Mr. MARSHAL HALSTEAD,
Newton Chambers, Birmingham.
LONDON July 3, 1.900.
DEAR SIR: In reply to your request of yesterday we have pleasure in transmitting
any information at our disposal.
We are not aware that United States gold is carried to any large extent by passengers to Europe, nor do we think it likely, for the following reasons:
Greenbacks are much more portable and easy to conceal, and find a ready market
here in consequence of their adaptability for transmission h j post.
FI1900
17
258
.
REPORT ON T H E FINANCES.
United States gold is favored by jewelers here because of its correct assay and
careful alloy. This fact and t h e cost of returning t h e necessarily small parcels probably prevent t h e bulk of t h e gold carried here ever returning, for intending travelers
to t h e United States, so far as our knowledge goes, rarely carry anything b u t notes
or drafts. The latter are issued in America for small sums and would probably, in
most cases, be preferred to notes, owing to t h e less risk involved.
Foreign currency brought to this country is usually exchanged at the port of entry,
unless t h e traveler goes on to London and there gets, as t h e best market, t h e best
value for his money.
I n our capacity of foreign bankers we are not able to gauge the amount brought
by individual travelers. This you will doubtless obtain from money changers.
W e are, dear sir, yours, very truly,
SAMUEL MONTAGU &
MARSHAL HALSTEAD,
Co.
Esq.,
Newton Chambers, Birmingham.
LONDON, July 4, 1900.
DEAR SIR: We are favored with your letter of the 2d instant and have given careful consideration to t h e questions which you have placed before us.
AVe greatly regret, however, to be obliged to inform you t h a t we are unable to give
yOu satisfactory answers to same, as our business, being confined exclusively to the
precious metals in their raw states, does not afford us facilities for obtaining reliable
information in t h e desired direction.
W i t h compliments, we are, dear sir, faithfully yours,
JOHNSON MATTHEY & Co.,
MARSHAL HALSTEAD,
L/TD.
Esq.,
Consulate of the IJnited Stcttes of America, Birmingham. .
,
.
ASSAY OFFICE,
Birmingham, July 4, 1900.
DEAR SIR: At Mr. Buckley's request I write you respecting t h e circular received
from Mr. Roberts, Director of t h e United States Mint.
I feel I can be of very little use to you, as t h e work of this office is only t h e
assaying and marking of articles of gold and silver plate, and it is iu n o way concerned with t h e sources from which t h e makers obtain their bullion, b u t only with
the.quality of t h e alloys used in their work.
I think, before considering t h e question raised in Mr. Roberts's circular, it would
be safe and useful to assume that all gold coin carried out of t h e country has a tendency to return, as being of more value in t h e country in which it is current t h a n one
in which it is simply bullion. Therefore, it would appear t h a t t h e assumption of
the Bureau of the IVEint t h a t the amount of the United States gold coin carried out
of t h e country unrecorded, in t h e possession of travelers, is small and offset by t h e
amount returned by incoming travelers, is just and reasonable. I see no reason why
it is more probable t h a t out-going travelers should carry United States coin t h a n
those coming from foreign lands should bring it.
Exact answers to some of t h e questions proposed in t h e circular seem to be
impossible of attainment, such as, " D o steerage passengers returning to their homes
often carry their savings from this country in coin?'' I t is stated that t h e consumption
of coin by manufacturers is approximately estimated, and this would doubtless be large.
Many attempts have been made in England to make such an estimate of t h e coin
used by manufacturers, and it proved to be a very large amount, b u t difficult to estimate with anything like exactitude.
T h e chief motive for using coin is that t h e exact quality of t h e coin is known and
t h e manufacturer can work with more certainty from it than from t h e so-called fine
gold of commerce which varies in fineness.
I t would be useful in making inquiries as to amounts dealt with by bankers, money
changers, and t h e weight of coin melted, to bear in mind t h a t it is possible, and even
probable, t h a t t h e same coin, etc., may pass through more t h a n one person's hands
and so be included in your returns repeatedly.
I am sorry I can not be of more use to you in this matter, b u t at t h e present time
I a m somewhat out of running, having passed m y allotted time of three score years
and ten, and for t h e last forty years have exclusively been occupied with the official
duties of assay master at t h e Birmingham assay office.
Believe me, yours, faithfully,
H . WESTWOOD, Assay Master,
DIRECTOR OF T H E MINT.
259
[John Betts & Son, Limited, smelters, refiners, and bullion dealers.]
BIRMINGHAM, July 7, 1900.
DEAR SIR: I n reply to your inquiry of the 29th'ultimo, I am desired b y m y directors to say t h a t we have not h a d any United States coinage through our hands (for
melting or bullion purposes) for at least thirty years. T h e firms' books for more than
a century prior to this period are not readily accessible.
We are, dear sir, yours, faithfully.
J O H N BETTS & SONS, LIMITED.
MARSHAL HALSTEAD, Esq.,
United States Consul, Birmingham.
CONSULATE OF THE UNITED STATES,
Birmingham, July 12, 1900.
SIR: Supplementary to dispatches of J u n e 23, J u n e 29, July 6, and July 9, I have
to report that Messrs. F . Burt & Co., bullion brokers, of 80 Cornhill, London, E. C ,
write as follows in reply to Director of.the Mint's circular:
" 8 0 CORNHILL, E . C ,
''London, July 11, 1900.
" D E A R SIR: I n reply to your favor of the 5th instant, our experience is, that travelers from the United States very seldom bring gold to this side, neither do steerage
passengers to t h e United States take gold, b u t are usually content with currency
notes.
" T h e same applies to tourists and immigrants for t h e United States.
'' Compared with t h e amount of United States currency exchanged, t h e quantity
of gold is very insignificant and the demand b y travelers to t h e United States for
gold about equalizes t h e amount brought b y travelers to this country.
'' Yours, faithfully,
" F . BURT & Co.
" M A R S H A L HALSTEAD, Esq.,
'' Consul of the United Stcttes of America,
'' Newton Charnbers, Birmingham."
I am, sir, respectfully, yours.
MARSHAL HALSTEAD, Consul.
H o n . D7VVID J . H I L L ,
Assistant Secretary of State, Washington, D. C.
CONSULATE OP THE UNITED STATES,
Birmingham, July 14, 1900.
SIR: Supplementary to dispatches intended for transmission to t h e Bureau of t h e
Mint, I beg to report I have received the following communication:
["The Sheffield Smelting Company, Limited, sweep smelters, refiners, and bullion dealers, 191 Warstone Lane.]
'^BiEMmQ-RKK^ J u l y I S , 1900.
" D E A R SIR: I n further reply to your inquiry respecting American coins, our people
at Sheffield say they have n o t been in t h e habit of receiving but very few in t h e
course of t h e year, not more than about a dozen, and they have no information as
to t h e use of such coins in this country.
" Y o u r s , faithfully,
" S H E F F I E L D SMELTING COMPANY."
I am, sir, respectfully, yours.
MARSHAL HALSTEAD, Consul.
Hon. DAVID J . H I L L ,
Assistant Secretary of State.
CONSULATE OF THE UNITED STATES FOR CORK, AT QUEENSTOWN,
Cork {Queenstown), April 7, 1900.
The dealings in American gold at this port are very small, and the greater proportion, in fact, nearly all, of such dealings are with steerage passengers, saloon a n d
other passengers usually traveling on circular notes and drafts.
260
REPORT ON THE FINANCES.
Most of the money exchanged is paper money, and steerage passengers returning
here with, their savings carry it in that way, when at all. The banks do nothing in
this line, it being done by shopkeepers, lodging-house keepers, a n d others. I t is
estimated that only about 5 per cent of t h e American money dealt in is gold, and all
of this is carried back, passengers returning being very glad to get it.
DANIEL SWINEY, United States Consul.
BELFAST, April SO, 1900.
. SIR: I n compliance with t h e requirements of Department circular dispatch bearing date of March 9, 1900, relative to American gold carried abroad by travelers, I
have to report:
From careful investigation and inquiry I find very little American gold is brought
into this consular district. T h e banks, as they have informed me, refer all persons
desiring to exchange American gold to Messrs. Thomas Cook & Son, where all such
exchanges are effected.
I am advised by Messrs. Cook & Son that the amount of American gold exchanged
by them would n o t exceed £50 a year. I further ascertain that travelers from the
United States very rarely carry gold on account of its inconvenience. Further, I
am advised by Messrs. Cook & Son that it is t h e common practice for tourists a n d
emigrants for t h e United States to change their foreign money into United States
coin, a n d that t h e United States coin received by them is returned to the United
States in the usual course of business.
I am, sir, your obedient servant,
AVILLIAM AV. TOUVELLE, Consul.
H o n . DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
UNITED STATES CONSULATE,
Glasgow, April 6, 1900.
SIR: Referring to Department circular of March 9, 1900, relative to American gold
carried abroad by travelers, I have to say that practically all money exchanging in
Glasgow is done b y one firm, being a branch of Thomas Cook & Son, London. I am
informed that probably 5 per cent of the total amount of American money brought
here is gold. I am unable, however, to give t h e approximate amount of American
money which annually comes here, as t h e parties refuse to give such information.
I t h m k very little of t h e gold finds its way back through either tourists or emigrants. Most of it is sent to London, where, I am informed, a considerable amount
of it goes into t h e British smelting pots and is recoined into British money.
Usually those who bring American gold are under t h e impression t h a t they can
get more for it t h a n for the paper money. This, however, is not the case, as money
changers prefer t h e paper, as a matter of fact.
Passengers returning to t h e United States and emigrants, in t h e main, get their
money changed on shipboard b y t h e purser. I should say t h a t emigrants to t h e
United States carry more British gold into t h e United States than r.eturning Britishers from t h e United States bring American gold to this country. This statement
is based upon the best information I can obtain.
I am, sir, your obedient servant.
SAMUEL M . TAYLOR, Consul.
H o n . DAVID J . H I L L ,
Assistant Secretary of State, AVashington, D. C.
FRANCE.
CONSULATE OF THE UNITED STATES,
Rheims, April 18, 1900.
SIR: Referring to Department of State circular, dated March 9, 1900, in regard to
American gold carried out of the country by travelers, I have t h e honor to inform
t h e D e p a r t m e n t that, if American gold leaves t h e U n i t e d States in t h e pockets of
travelers, in appreciable quantities, it does not come to this consular district.
DIRECTOR OF T H E MINT.
261
The district is off the route generally taken by tourists, and the number of Americans visiting this part of France is notlarge.
I have consulted the bankers of this city, particularly the directors of t h e Credit
Lyonnais and the Societe Generale, which banks have branches in the large towns
of t h e district, and they all informed m e that they rarely see an American coin,
either gold or silver. All of t h e American funds handled by them are in the form
of checks or letters of credit.
I am, sir, your obedient servant,
W M . A . PRICKITT, United States Consul.
H o n . DAVID J . H I L L ,
Assistant Secretary of State, Washington, D. C.
REPORT ON T H E MOVEMENT OF UNITED STATES SPECIE- AT T H E PORT OF NICE AND I N T H E
CONSULAR DISTRICT OF T H E ALPES MARITIMES AND THE PRINCIPALITY OF MONACO.
[Circular, D e p a r t m e n t of State, M a r c h 9, 1900.]
As t h e result of careful investigation I have to report that I can find no evidence
here of t h e entry of American gold coins in sufficient quantity to form a series of
statistics and, in consequence, t h e same remark applies to t h e matter of gold coins
purchased and returned to t h e United States. I t is a well-knovVn fact that gold is
carried quite exclusively by emigrants, and emigration from this consular district to
t h e United States practically does not exist. Besides this, there are no steamship
lines coming direct to this port.
As to t h e American tourists, whose sojourn here is an element of very considerable
financial value to local interests, I have found that they are invariably supplied with
letters of credit, or else receive remittances from their bankers in New York and elsewhere, or through t h e correspondents of those bankers in London and on the Continent. The question of United States bank notes is not touched upon in the circular,
and it is perhaps needless to add t h a t even of these, the quantity offered for exchange
to local banks and bankers is decidedly inconsiderable.
I may add that t h e consular agents at Cannes, Mentone, and Monaco have reported
to m e t h a t t h e same condition of things exists a t these points. Travelers from the
United States offer very little, if any, gold coin, and there are no means for ascertaining if such persons are in t h e habit of exchanging United States coin at the ports
of arrival, or in larger cities. The presumption, very justly w^-rranted by personal
knowledge as to t h e very general use of checks and letters of credit, is, that if at all,
t h e amount of such coin carried is most decidedly inconsiderable.
HAROLD S . V A N BUREN, Consul.
NICE, April 25, 1900,
CONSULATE OF THE UNITED STATES,
Bordeaux, April SO, 1900.
SIR: I n reply to Department circular of Marcli 9, 1900, entitled " American gold
carried abroad by travelers," inclosing a communication from t h e Director of t h e
Mint, I have t h e honor to report that—
1. There is little tourist travel in this district from the United States. A few
Americans come to Pau, and still fewer to Arcachon and Biarritz. These are usually
wealthy people who bring letters of credit or similar forms of paper exchange.
2. There are few cases of returned emigrants in this region, and what there are, are
mostly people of intelligence, who have made a competency in the United States and
returned to their native country to spend it. These, of course, transfer their money
through banks or other means of exchange.
3. There are a good many holders of American securities in the district, but their
dividends are paid through banks.
4. Of t h e few persons of less means coming from t h e United States, those of
French origin, at least, generally know of t h e difficulties attending the disposal of
foreign coins in this part of France. During three years I have personally known of
but one instance in which parties brought American gold to Bordeaux, and I much
doubt there being $1,000 of it in the entire district.
I am, sir, very respectfully, your obedient servant,
ALBION W . TOURGEE, Consul.
T h e ASSISTANT SECRETARY OF STATE,
Washington, D. C
262
REPORT ON THE FINANCES.
CONSULATE OF THE UNITED STATES,
Havre, May 23, 1900.
I t has been impossible to get even an approximate estimate of the amount of American gold which is exchanged for French gold b y t h e money brokers of t h e city of
Havre, b u t from information obtained b y personal interviews with all t h e leading
brokers and money changers of this city it may b e assumed that t h e sum is small.
The reason for this is that few ocean travelers stop in Havre on their way to or
from t h e United States.
A special train carrying both cabin passengers a n d emigrants to Paris meets t h e
steamers of t h e French line on their arrival at this port, and special trains bring first,
second, and third class passengers from t h e capital to embark on every outgoing
vessel of the same company. If, on their arrival in this country, these *people have
any money to exchange, they usually wait until they reach Paris.
if they are en route for America they provide themselves with American money
in Paris before leaving.
The exchange i n American money being active in Paris t h e brokers can afford to
pay as high as 5.15 francs for a dollar and sell the same for 5.20 francs. I n Havre,
on the other hand,' where an exchange office or bank runs t h e risk of having to keep
the money for some time without bearing interest, there not being a great demand
for American money, t h e brokers will pay on an average only 5.10 francs per dollar
and ask 5.25 francs. I t is therefore natural t h a t passengers should prefer to have
their money changed on more adA^antageous terms elsewhere.
I n any case a comparatively small proportion of the American money exchanged
in Havre is in gold or silver coin, t h e greater part of it being in bank notes. T h e
amount brought here either in coin or notes is usually offset by the amount demanded
b y people going to the United States.
The money brokers in Havre keep the American coin or bills bought by theui
mitil there is a demand for it. Should there b e a shortage of American money in
Paris or London, however, they occasionally send it to the places mentioned at the
request of their correspondents in those cities.
I am informed b y one of the pursers of t h e French line bf steamers, who has had
some ten years' experience in that company, t h a t t h e bulk of the money carried b y
passengers going to t h e United States is in t h e form of American bank notes, while
t h a t carried b y passengers bound for Europe is t h e currency of their point of
destination.
A. M. THACKARA, United States Consul.
CONSULATE OF THE UNITED STATES,
Pans, September 26, 1900.
SIR: I n reply to Department circular of March 9, 1900, regarding American gold
carried abroad by travelers, I have the honor to submit herewith a report on t h e
subject for such disposition as the Department may deem proper to make of the same.
I am, sir, your obedient servant,
J O H N JL. GOWDY, Consul-General.
H o n . DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
I n reply to Department's circular, March 9, 1900, as to United States gold coin
carried abroad b y travelers, I beg to state that I have caused inquiries to be made
and t h e opinions secured from t h e following banking houses in Paris: Morgan,
Harjes & Co., No. 31 Boulevard Hausmann; Munroe & Co., No. 7 Rue Scribe; Credit
Lyonnais (main office). Boulevard des Italiens; Allard (bank and money changers).
Place de la Bourse; Cook & Co. (tourist agents a n d changers); Gaze & Co. (tourist
agents and changers); Jordan, Cohen & Wennick (changers), confirming me in m y
conclusions stated further on.
T h e houses above mentioned are most competent to give reliable opinions, as they
transact t h e great bulk of business with all classes coming from t h e United States to
France.
DIRECTOR OF THE MINT.
263
I have to state that without exception the above-mentioned houses in their experience find that very little United States gold passes over their counters; in fact, the
amount paid out to return travelers balances the amount they receive.
The wealthy and middle-class traveler usually brings a letter of credit, a sight
draft, or American bank notes, and very rarely gold coins. I t is, however, very
probable, should an appreciable deficiency unaccounted for even at the expiration of
a period of twenty-five years be evidenced, the cause would undoubtedly be that
immigrants returning with their earnings to their prior homes to remain generally
prefer United States gold coins for hoarding purposes in preference to paper money,
and such coins only come to the surface when necessity compels.
I am unable to ascertain that any houses here have, as a rule, more than necessary
to meet exchange demands, to say nothing of their being unable to send United
States coin (gold) to Switzerland for the manufacture of watch cases or jewelry.
I n reply to m y inquiry to t h e director of the French mint, he answers that no
gold American coins have been received at that institution during the year 1899. I
am informed, however, unofficially, but from a source which I consider absolutely
trustworthy, t h a t t h e Bank of France has at present in its vaults 35,000; 000 francs
in American gold coins, being 5,000,000 in excess of the general average, there being
always at least for an amount equal to 30,000,000 francs ($6,000,000).
J O H N K . GOWDY,
UnitecVStates Consul-General, Paris, France.
MARSEILLE, A p r i l s , 1900.
Replying to the inquiry of the Director of the Mint, I should say, after careful
inquiry, that about $25,000 annually in United States gold coin is collected in this
city from various channels, all of which is sold to manufacturers of jewelry and permanently lost to the country. I have no idea that more than $10,000 in foreign gold
coin annually is taken to the United States from Marseille to replace this loss of
domestic coin. I make these observations after inquiring at t h e eight leading banking houses of the city, as many^ more money changers, and the transportation companies engaged in American trade.
Marseille is "not so situated as to develop any important facts on this subject.
Although during 1899 there was a movement of 299,850 passengers by sea at this
port, and many more by rail, very few came directly -from the United States or
departed from here directly thereto. Thousands of American tourists pass through
here annually, but they all land at northern ports or in Italy and make their financial arrangements elsewhere.
The immigration from this port to the United States consists almost exclusively of
very poor Syrians, most of whom go by rail to Havre and thence to New York.
Their number may average 50 a week, and it is exceedingly doubtful if they carry
to the land of their adoption $5 per head. Such few as have money usually take it
in the form of foreign gold coin. The average American tourist visits Thomas Cook
& Son, and t h e cashier of this firm tells me that they all carry commercial paper or
foreign money, preferably British £5 notes. H e rarely has more than $25 on hand
in American gold, and he exchanges it from day to day, either at the Credit Lyonnais or the Comptoir d'Escompte. The operations of the small changers are equally
trifiing.
M. Heyraud, director of t h e Credit Lyonnais, at Marseille, gives me the following
interesting information, under date of April 3:
" O u r books show t h a t we received in Marseille during the last half of 1899 $13,000
in American gold, and during the first .quarter of 1900, $6,000. These dollars have
been remitted to us mainly from foreign countries, principally Italy, Egypt, and
Greece. As to t h e dollars in gold received by us from American travelers, the figures
are of no importance, although we occasionally secure some from immigrants arriving
principally from South America. Receipts from this source, always restricted, have
become less important, as these South American immigrants now come provided
with letters of credit. I conclude from an examination of our books during several years t h a t the loss of American money through Marseille is of very secondary
importance.
"Apart from some very rare exceptions,. we sell no American gold to tourists
returning to America, and more rarely still to the Italian immigrants going to. t h e
United States, who prefer bank notes when they do ask for American currency. W e
usually send American gold to Geneva, where we sell it upon the market to manu
264
B:]^PORT ON^ THE FINANCES.
facturing jewelers, and we consider that in the main the gold received by us does
not return to the country of origin."
M. Berthe, director of the Comptoir National d'Escompte bureau, of Marseille,
writes:
'' I n general, Americans do not arrive directly in Marseille, and the money of the
United States is therefore comparatively rare in this city. I t occasionally happens
that immigrants touching at Marseille, en route for Italy, exchange some quantities
of American gold for French gold if the price seems favorable; t h a t is, about 5 francs
17 centimes per dollar. The sale of these coins is very trifling in this market and
the money is generally forwarded to Paris or Geneva, where we believe that it is
melted by the manufacturing jewelers. The' great market of London also absorbs
some of this money, sometimes reducing it to gold bars, or forwarding it to America,
according to the rate of exchange. From the preceding it results that the greater
part of the American gold imported into Europe by travelers is exchanged in Italy,
at London, at Havre, or at Paris, and generally speaking these pieces are melted.'.'
The director of the Bank of France tells me that the regulations of the bank interdict the reception of foreign coins other than those struck by the powers composing
the Latin Union. The Soci^t^ Marseillaise and Banque Priv6e never receive American coin. The Soci6t6 Generale obtains so little that the amount is not worth mentioning. The director of the Banque Internationale de Commerce de Moscou advises
me that since three years that institution has no records of any transaction in American gold. The Soci6t^ Generale d'Exportation et d'Importation makes about the
same statement, and a mention of the various other authorities consulted would
simply confirm the preceding observations.
ROBERT P. SKINNER, Consul.
GERMANY.
CONSULATE OF THE UNITED STATES,
Leipzig, April 5, 1900.
SIR: I have the honor to acknowledge herewith the receipt of the Department's
circular instruction of March 9,1900, inclosing a copy of a circular prepared by the
Director of the Mint, requesting me to institute inquiries and report such facts as I
am able to ascertain upon the amount of gold coin carried abroad by travelers.
I shall answer the questions contained in the circular in the order in which they
are given.
1. " D o travelers from the United States commonly carry United States gold coin,
and do steerage passengers returning to their homes abroad often carry their savings
from this country in coin?''
American tourists and travelers usually take their funds in letters of credit, bills
of exchange, express orders, etc., but seldom, if ever, carry any great amount of
money in American gold coin with them. Emigrants returning to their homes
abroad have sometimes been known to bring their savings with them in American
gold. This is because either they or their friends have on previous occasions lost
money by buying drafts from unresponsible parties. As a rule, returning emigrants
do not carry their savings in coin.
2. '' Where travelers or emigrants bring coin do they usually exchange it at the
port of arrival, or is it common for United States coin to be offered to money changers and bankers at interior points? If they do receive it what disposition do they
make of i t ? "
Most°of the money (coin as wellas bills) is exchanged by a traveler as soon as possible, either at the port of arrival or at the first large inland city visited. Little
American gold is presented at banks for exchange in most inland cities; when it is,
however, the bankers remit it to their correspondents in the large cities where they
can get a reasonable rate of exchange.
3. '' Do tourists and emigrants for the. United States frequently change their foreign
money, in Europe for United States coin, thus bringing back to this country all or a
large part of our coin carried abroad?"
Tourists do not, as a rule, but as for emigrants I can not say.
4. '' Finally, do your observations and the result of your inquiries lead you to believe
that the amount of United States coin carried abroad in the possession of travelers
DIRECTOR OF T H E MINT.
265
exceed the amount of the same coin brought back b y incoming passengers? Do the
money dealers within t h e field of your inquiry receive more United States coin from
travelers than they disburse to them; and if so, about what is the annual excess?"
I am of the opinion that the amount of coin carried out of t h e United States does
not exceed the amount of coin which is brought back, and if it does, to such a small
extent that it is n o t worth while taking i n t o consideration. Money dealers or
exchange bureaus in this section do little business with American gold coin, and I will
venture to say that no one of these concerns changes more than a few hundred dollars
annually.
AVhile I have answered these questions in a general way, my opinion is based
largely upon t h e information I have gathered in this locality and my observations
while traveling in other sections. I n conclusion, I beg to say that it is my opinion
that the United States does not lose any gold coin by Americans or returning emigrants carrying it abroad. I t is quite true that a certain amount of our gold coins,
however small, are annually withdrawn from circulation by coin collectors and by
those whose confidence in financial institutions has yet to be obtained.. A certain
amount of coin, too, is lost every year by mutilation.
There is no practicable way for me to ascertain a n accurate estimate of t h e value
of the American gold coins which are held b y the banks a n d exchange bureaus in
this district, but I will venture to say that t h e amount does not exceed t h e sum of
$1,500.
I am, sir, your obedient servant,
BRAINARD H . AVARNER, J r . , Consul.
H o n . DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
CONSULATE-GENERAL OF THE UNITED STATES,
Frankfort on the Main, April 6, 1900.
SIR: I n compliance with circular of the Departmentof State of March 9, 1900, with
reference to American gold carried abroad b y travelers, I have t h e honor to report
as follows:
I have made inquiries from a large number of bankers and money-exchange firms
in this city, and the opinion is unanimous t h a t t h e amount of gold carried put of the
United States b y American travelers is insignificant, and that the same is t h e case
with steerage passengers returning to their homes abroad from the United States. I t
may be possible that small amounts of American gold are exchanged a t the port of
arrival into German money, but in the interior places of Germany this is done very
seldom, and then in very sraall amounts. I t is also very rarely the case that tourists
and emigrants change their money into American gold for use in the United States.
As far as t h e observations here in Frankfort show, t h e movement of gold in the
hands of tourists or emigrants, one way or t h e other, is so insignificant that it is
entirely lost sight of.
The business is done by drafts, letters of credit, greenbacks, a n d German bank
notes. The bankers state that never, or at least very seldom, do people going to the
United States ask for United States gold coin. T h e small amount of such coin
reaching t h e interior of Germany is mostly melted for use in t h e arts.
I t is possible that t h e observations a t t h e ports of Bremen and Llamburg may lead
to somewhat different statements, b u t t h e best posted people here believe that no
material difference exists. My observations, and the result of t h e inquiries made,
lead me to believe that the amount of foreign gold coin brought tq the United States
by immigrants exceeds t h e amount of United States gold coin carried out of t h e '
country b y tourists and returning emigrants, a n d that as far as United States gold
coin going out and returning in this manner is concerned, more goes out, as a good
deal of it, as stated before, is bought up to be melted and used in the arts.
I am, sir, very respectfully, your obedient servant,
RICHARD GUENTHER, Consul-General.
H o n . DAVID J . H I L L , .
Assistant Secretary of State, Washington, D. C.
266
REPORT ON T H E FINANCES.
BREMEN, GERMANY, April 21, 1900.
Travelers and tourists from the United States, as a rule, carry with them paper
money, and but very little of t h e money brought over, perhaps only 8 per cent, is
gold coin. This applies also to the savings of steerage passengers, who return from t h e
United States to their homes abroad. The chief reason for carrying paper money
is, of course, its greater convenience, b u t another resison of importance is t h e fact
t h a t notes usually rate higher t h a n coin, thus enabling t h e traveler to get more for
his money t h a n he would if h e carried coin. There are, however, instances when
such returning emigrants bring with t h e m large sums of money in gold coin of t h e
larger denomination, believing that they will be better paid therefor than for other
kinds of money. And of this gold, thus taken out of the country, a certain though
small percentage never returns to the United States; for the Deutsche Reichsbank
is always in the market ready to buy; and especially, when there is a heavy demand
for German paper, it is anxious to get all t h e gold it can obtain, whether it be in
bullion or in coin. The rate paid per pound (500 grammes) of gold is about
1,252.80 marks. Coinof the larger denominations is always preferred—in t h e case
of our coin, the double-eagle. So when a German banker receives a large amount
of foreign gold coin, he is glad to sell it to the Reichsbank, because he can in that
way get back his money Avithout having to wait until some tourist will ask for gold
coin; for t h e average tourist prefers paper inoney, as above intimated.
As to the tourists and travelers exchanging their coin at t h e port of arrival, I
learned that, though considerable money is exchanged at the ports, as a general
rule the tourists, or returning emigrants, who do bring gold coin usually prefer to
keep some of it as long as possible, and it is thought that in this manner some coin
is taken into the interior. The bankers, and especially the money changers at the
ports, apparently prefer to handle United States paper money..
Tourists and emigrants for the United States, as a rule, exchange their money
before departure for United States money, and receive, some United States coin from
t h e money changers, if they will take it.
Travelers from t h e United States generally exchange their money abroad. One
money changer in this city figures that the United States money exchanged at this
port amounts, on the average, to about $15 a person.
The result of my inquiries has led me to believe that more United States gold
coin is taken abroad by travelers than is returned by t h e same channel, although the
excess is very small, probably amounting to less t h a n 1 per cent.
I n this connection, it may be of interest to note t h e movements of gold to and
from England during the first three months of this year.
There were—
Imported.
Exported.
Denomination.
1899.
Pounds sterling
•
'...
1900.
1899.
7,022,912
8,010,031
7,000,737
1900.
3,585,490
According t o this, 4,424,541 pounds sterling remained in England in 1900, as
against 22,175 pounds sterling, in 1899.
The countries participating in this movement of gold were as follows:
To E n g l a n d
Prom England.
Countries.
1899.•
Germany
France
China.
Japan
U n i t e d States
Mexico
S o u t h Africa
India
Australia
£76,698
260,196
500
970
3,456
277,643
4,671,029
419,310
1,023,130
1900.
£1,764,100
476,481
1,150
2,577,119
247,997
78,771
199,190
1,263,806
1899.
1900.
£3,183,922
298,009
• £4 843
55,706
462,000
978,500
648,577
400,033
613,343
225,000
2,000
904,743
790,000
1,375,300
This shows t h a t South Africa sent to England four and a half million pounds
sterling less during t h e past three months than it did a year ago during the same
period, while the United States exported a great deal more to England during that
time than was done last year.
'267
DIRECTOE OF T H E MINT.
Or, if we take the month of March alone, we find the following results, as far as
Germany and South Africa are concerned:
To England.
Countries.
Germany
South Africa
1899.
£24,473
1,461,744
1900.
£43,017
58,798
From England.
1899.
£1,919,573
1900.
£1,527
From the foregoing it will be seen that Germany is worse off for gold now than it
was a year ago during the same period.
HENRY W . DIEDERICH, Consul. ,
CONSULATE OF THE UNITED STATES,
Breslau, April 6, 1900.
SIR: I have the honor to herewith inform the Department that, in compliance
with circular dated March 9, 1900, I have made investigations at the banks here, in
Breslau, concerning American gold carried abroad by travelers, whereupon I received
t h e following information:
The banks receive very little American money here, the same being mostly in
paper; it is very seldom that any gold is received.
There is not exceeding $500 of American money in all the banks h e r e i n Breslau,
as the same is at once sent to Berlin for exchange, there being no market here for the
same. I n fact, I don't think that, from the information I received, there are $3,000
of American money received here per annum. AVhenever there is anyone going to
the States from these parts they generally buy a draft on New York from the local
banks.
I am, sir, your obedient servant,
C. W. ERDMAN,
United States Consul.
Hon. DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
CONSULATE-GENERAL OF THE UNITED STATES,
Berlin, April 7, 1900.
SIR: I n compliance with circular instructions, dated March 9, I have to submit
t h e following statement of opinions concerning t h e use of American gold in Europe
by tourists and returning emigrants from the United States. There are, of course,
no exact or even approximate statistics from which precise information on this subject can be derived, but t h e following report embodies, as far as practicable, t h e result
of my observations as they apply to the questions submitted by the Director of the
United States Mint:
1. Very few American tourists bring any gold coin to Europe. Their funds are
usually brought in the form of letters of credit, money orders issued by the American
Express Company, or banks in t h e United States which have branches or correspondents in foreign cities, or in greenbacks or national-bank notes, which are
exchanged for francs, marks, or florins in t h e countries which they visit. Steerage
passengers returning home formerly brought more or less gold coin, but the risk of
loss or robbery discouraged this practice, and t h e facilities for obtaining checks and
letters of credit, payable in European currency, are now so ample that, so far as I can
judge, the amount of gold brought by that class of travelers is much less than formerly.
2. Very little gold coin can. be obtained at interior points like Frankfort and Berlin, so it is to be inferred that very little is offered to money changers b y immigrants
or tourists. United States currency, greenbacks, national-bank notes, and silver
certiflcates, on t h e contrary, are to be found in quantities at all money changers and
banks which deal in foreign moneys.
3. So far as I have observed, tourists take back very little money to the United
States. W h a t they have left, after paying their traveling expenses and return passage, they usually spend for luxuries, articles of art and taste, clothing, and presents
268
REPORT ON T H E FINANCES.
for their friends at home. Emigrants sometimes b u y American currency o / gold a t
the port of embarkation, or from t h e purser or steward of t h e steamer, both of which
officers usually drive an active business as money changers.
4. "Does the amount of United States coin carried abroad by travelers exceed that
brought back by t h e m ? " Inferentially, yes; because very few travelers, except emigrants, take any considerable amount of money of any kind back to t h e States. I t is
only at a seaport where passengers embark that any definite information on this
point could be obtained. 1 never heard of a returning American tourist buying
United States gold to be taken home. Travelers in Italy, Austria, Russia, a n d
Oriental countries frequently carry English sovereigns, which they obtain in London
and Southampton. This coin is always exchangeable for local coin or paper money
at banks or tourist offices, such as those of Gaze, Thomas Cook & Son, and others.
American coin, on the contrary, plays a very small role in such transactions outside
of London, Paris, Antwerp, Hamburg, and Bremen.
I am, sir, your obedient servant,
FRANK LL MASON, Consul-General.
H o n . DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
BERLIN, August 24, 1900.
T h e EMBASSY OF THE UNITED STATES OF AMERICA:
I n reply to your favor of t h e 6th instant (M. No. 2458), we have t h e honor most
faithfully to transmit a statement, hereto annexed, relative to t h e purchases of United
States gold coins by t h e bank u p to t h e close of t h e year 1899. T h e statement shows
an annual total of purchases averaging $3,141,671 for t h e period from 1876 to 1899.
We further have occasion to say that while we have cheerfully given t h e desired
information, we should request, however, that any inquiries of this nature in t h e
future might be directed to us through t h e foreign office. According to t h e charter
of t h e Reichsbank, the board of directors is a department of t h e Imperial Government, subordinate to t h e chancellor of t h e Empire.
BOARD OF DIRECTORS OF THE REICHSBANK.
GALLENKAMP.
GOTZMANN.
Purchase of United States gold coins by the Reichsbank.
Year.
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
Year.
Amount.
..'
^
•
S487,791
2,176
6,527
35,150
6,2851
4,0551
22,7<4
51,919
13,180
281,689
696,388
511,827
724,3^61
185,8201
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
Amount.
.
.
Total
Average per year
.
.
. ..
Sl,317,8721
11,220,423
5,971 064^
9,380,9131
28,023,654
5,809,245
2,770,220
3,909,979
696,751
3,270,025
lb, 400,1061
3,141,671
A I X LA CHAPELLE, April 9, 1900.
SIR: I n answer to Department circular headed "American gold carried abroad by
foreigners," I beg leave to reply as follows:
1 called on t h e management of all banks in this city and propounded the following
questions to each: " H o w much American gold, approximately, do you receive over
counter per year?" "AVhat is t h e manner of again passing over t h e counter?"
" D o dentists, jewelers, or other persons buy American gold for melting?" All t h e
DIRECTOR OF T H E MINT.
269
banks gave me comparatively the same answer, namely: " W e do not receive, approximately, an amount exceeding $100 in a year. Americans, or travelers of other nationalities wanting American money, always ask for paper money." Cook's agent
informs me that h e buys and sells about $1,000 per year, some of which is purchased
for watch charms and other ornaments by foreigners, and one dentist and one jeweler came regularly for their supply of gold, always asking for American gold.
Approximately, $100 to $200 went into the arts. Only one bank had customers for
gold for melting purposes, and they always asked for French gold.
There are possibly two hundred Americans visit this city per year.
I have the honor to be, sir, your most obedient servant,
FRANK M . BRUNDAGE,
United States Consul.
H o n . DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C. '
MAINZ, April 10, 1900.
SIR: Referring to the inquiry by the Director of the Mint regarding American gold
carried abroad by travelers, I have to report that very little United States gold is
brought to these parts by travelers, and practically none by steerage passengers. Most
travelers carry either letters of credit or bills of exchange. W h a t little United States
gold is brought to these parts is practically lost to the United States, the bankers and
money changers selling it to t h e jewelry manufacturers at Llanan, situated in t h e
consular district of Frankfort on the Main. An inquiry by the consulate-general of
Frankfort at these factories might establish the value of gold coin thus lost to t h e
United States.
' I t hardly ever occurs that travelers returning to the United States change their
foreign money for. United States gold in this city. I t is more probable that travelers
change their German money at t h e seaports from which they sail for the United
States.
.Local bankers consider the $20 gold pieces very impracticable for general use, and
do not believe that any of these are ever returned to the United States.
From my investigations, it is my opinion that t h e greater part—say 75 to 90 per
cent—of United States gold brought to these parts is lost to the United States.
WALTER SCHUMANN, Consul.
H o n . DAVID J . H I L L ,
Assistant Secretary of State, Washington, D. C.
CONSULATE OF THE UNITED STATES,
Stettin, April 20, 1900.
S I R : I n reply to t h e Department's circular of March 9, "American gold carried
abroad b y travelers."
There is no direct immigration either east or west between Stettin and the United
States, consequently t h e information. obtained on t h e subject in question is not
extensive.
I n speaking with t h e leading bankers, I a m informed that $1,000 would cover
the total amount of American gold exchanged i n one year in this district, and t h a t
they do exchange more American gold for German money t h a n German coin for
American gold. All surplus gold is sent to Berlin.
First and second cabin Americans traveling east, so I am informed, usually
exchange their money at the port of arrival, or they have letters of credit, bills of
exchange, or express-company money orders.
Steerage traveling east, as a rule, carry their savings in currency, seldom in gold,
and it is with this class, in t h e opinion of a leading banker, that most American
money is carried abroad, due to two reasons: First, their mistrust in b a n k s ; second,
their ignorance of the different modes of exchange.
Emigrants bound west usually exchange their money at t h e port of departure.
I am, sir, your obedient servant,
J O H N E . K E H L , Consul.
H o n . DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
270
REPORT ON THE FINANCES.
CONSULATE OF THE UNITED STATES,
Hamburg, May 11, 1900.
S I R : I n compliance with the Depa,rtment's circular instruction of March 9 last, I
have the honor to inform you that, relative to American gold coin carried abroad by
travelers, I have learned the following facts from money changers and bankers of .
this city:
Travelers and steerage passengers arriving at this port from the United States commonly bring no or very little gold coin,' but generally either bills of exchange,
letters of credit, money orders, or drafts. However, it sometimes happens that
travelers, especially returning steerage passengers, coming from t h e very western
States—for instance, California or Montana—bring a certain aniount of their savings in
United States coin.
The coin and bills of exchange brought to this country by travelers and steerage
passengers from the United States are usually exchanged at t h e port of arrival and
seldom offered to money changers or bankers at interior points; especially steerage
passengers generally have their American money, mostly bills of exchange, money
orders, etc., as mentioned above, changed at t h e port of arrival.
Tourists and emigrants bound for the United States generally exchange their
domestic money for American money in Europe at t h e port of departure; but as
American coin is very scarce here, as a rule, they receive mostly bills of exchange,
or sometimes a draft on an American banking firm. Occasionally such tourists especially demand American gold coin in exchange for their domestic money, in the
belief that t h e same represents a higher value in t h e United States than bills of
exchange. Such occurrences, however, are very infrequent.
I n former years it .was t h e custom of money changers at this port to supply emigrants bound for t h e Dominion of Canada with United States gold coin, it being
claimed that t h e Canadian authorities had issued instructions t h a t immigrants for
that country should bring with them either Canadian coin or bills of exchange or
United States gold coin. Investigations, however, have led to the result that it was
entirely immaterial whether such immigrants were in possession' of United States
gold coin or greenbacks.
My observations and the result of my inquiries lead me to believe that the amount
of United States gold coin brought to this port in t h e possession of travelers or steerage passengers is about equal to that carried back to America by emigrants, tourists,
or returning American residents, as Hamburg bankers and money changers have
sufficient occasion to dispose of their American coin received from incoming passengers by again selling it to such bound for the United States, and the necessity
never arises t h a t they have to import such coin from t h e United States in order to
fill t h e demand.
I was informed by one money changer of this city that t h e Deutsche Reichsbank occasionally buys United States gold coin, paying for the same according to
weight—in t h e average about 4.18 marks per dollar for $20 gold pieces and a trifle
less for smaller coin. I n order to obtain more accurate information, I called upon the
director of the Hamburg branch of the Reichsbank, from whom I learned that since
about two years no such purchase was made, and his opinion coincides with mine,
that the amount of United States gold coin brought to this country by travelers or
steerage passengers, is carried back to the United States by returning travelers or
emigrants.
I have the honor to remain, sir, your obedient servant, '
H U G H PITCAIRN, Consul.
Hon.
DAVID J.
HILL,
Assistant Secretary of State, Washington, D. C.
CONSULATE-GENERAI; OF THE UNITED STATES OF AMERICA,
Berlin, June 21, 1900.
SIR: I have duly received your letter of May 31, and in compliance with your
request have made a personal though unofficial inquiry at the Reichsbank, the
Deutsche Bank, and several others, with t h e following result:
As you surmised, the Reichsbank is the principal channel through which the
imperial mint receives United States gold coin for recoinage.- The Reichsbank
receives the coin for this purpose from banks in Berlin, Frankfort, Hamburg, and
other German cities, b u t m y informant could not or would not tell me the aggregate
DIRECTOR OF T H E MINT.
271
amount received from" all these sources during t h e past year or any given period.
That would be a disclosure of a secret which could only be authorized by formal
action of the board of directors, and it was not thought judicious to press the inquiry
to that point.
I then applied to the Deutsche Bank, one of the principal institutions of its kind
in Germany, and found that they turned in to the Reichsbank last year $75,000 in
United States gold coin, which they received from their branch banks, principally in
Southern Germany and in Italy, where the Deutsche Bank has also branch offices—
one, I think, at Milan.
From what could be learned, it appears that a large part of this $75,000 thus gathered and turned over b y the Deutsche Bank last year was brought from the States
by returning Italian laborers. This is confirmed b y the fact that nearly the whole
. amount was received during the autumn months, when the tide of returning Italians
is at its flood.
Some gold coin is also brought by returning German and Polish emigrants, and
some b y t h e poorer class of tourists who do not use. checks or letters of credit. This
gold coin is exchanged for local currency at Hamburg and Bremen, as well as at the
homes of t h e returning emigrants, whence it flnds its way through t h e Reichsbank
to t h e imperial mint; but I regret that I am not authorized to correspond officially
with either of those institutions. I can only give you these general facts, and subscribe myself, .
Very sincerely, yours,
FRANK LL MASON, Consul-General.
GEORGE E . ROBERTS,
Director of the Mint, Washington, D. C.
CONSULATE OF THE UNITED STATES,
Cologne, May 19, 1900.
SIR: I have the honor to submit the following information which I have been able
to secure from money changers and bankers in Cologne, in accordance with Department of State circular instructions .dated March 9, 1900, regarding American gold
carried abroad b y travelers:
1. Travelers from the United States do not commonly carry United States gold coin.
2. I t is unusual for steerage passengers to bring their savings from America in coin.
3. Small amounts of United States gold coin are received at interior points, but the
greater portion is exchanged at the different ports of arrival.
4. American money received at most banks and exchange offices at interior points
in Germany is sent to Berlin. T h e firm of Thos. Cook & Sons send all the United
States money they accept to London, England.
5. Tourists and emigrants very rarely procure United States coin hei'e in Grermany
to take with them to America.
6. From what I have been able to learn, it is my opinion that the amount of United
States coin carried abroad by travelers exceeds the amount of the same coin brought
back by incoming passengers by about 25 per cent.
7. The money dealers whom I have interviewed regarding this ma^tter state that
they receive much more United States coin from travelers than they disburse, and
that t h e ratio is about 100 to 1 in favor of t h e former. This, however, should not
be taken as a criterion, as the amount of coin handled is very small. As no distinction is made b y the money changers in their records bf transactions between paper
and gold coin, it is impossible to give the excess of coin received.
I have the honor to remain, sir, your obedient servant,
CHAS. E . BANES,
Vice and Acting. Consul.
H o n . DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
UNITED STATES CONSULATE-GENERAL,
Frankfort on the Main, June 18, 1900.
SIR: I n response to your letter of May 31,1900, relative to the amount of gold coin
annually melted by the manufacturers of Hanau, I regret to state that I could not
obtain the information you desire.
272
REPORT ON T H E FINANCES.
I inclose two letters, one from J. D. Schleissner Sons, of Hanau, and one from t h e
Deutsche-Gold-und-Silber-Scheide-Anstalt,of Frankfort, which I received in reply to
my inquiries.
Very respectfully, yours,
RICHARD GUENTHER, Consul-General.
GEORGE E . ROBERTS, Esq.,
Director of the Mint, Washington, D. C.
[']?ranslation.]
[J. D. Schleissner Sons, silverware manufacturers, Frankfort on the Main.]
HANAU, June 12, 1900,
Sm: I n answer to your esteemed communication of t h e l l t h instant I herewith
inform you that we have, ourselves, no knowledge of t h e melting of large stocks of
American gold coins. We have inquired of competent business men who are experienced in such matters and who are friendly to us, but they likewise have no information about it and do not consider it probable.
I t may sometimes happen that our manufacturers receive American gold in payment
and deem it more profitable to melt it rather than to sell it to bankers at a loss of
commission. This, however, is very insignificant inasmuch as the import of foreign
gold coins occur but in small quantities.
Very respectfully,
J. D. SCHLEISSNER SONS.
CONSUL-GENERAL, UNITED STATES OF AMERICA.
P. S.—The Gold und Silber-Scheide-Anstalt may perhaps be in a position to give
you some information in t h e matter.
[Translation.]
FRANKFORT ON THE M A I N , June 14, 1900.
DEAR SIR: I n answer to your esteemed favor of yesterday we respectfully beg to
inform you that we melt American gold coins in but insignificant quantities, amounting within the last few years to but a few kilograms.
The gold industry, chiefiy centered at Pforzheim, Berlin, Schwab, Gmiind, and
Hanau, where gold dollars are largely used, satisfies the demand by direct communication with the bankers.
Very respectfully,
DEUTSCHE GOLD UND SILBER-SCHEIDE-ANSTALT.
Mr. RICHARD GUENTHER,
United States Consul-General.
ITALY.
MILAN, April 20, 1900.
SIR : I am unable to obtain any exact information from bankers and money exchangers
here in regard to t h e amount of American gold coin brought into or carried from this
district, and, after a careful inquiry, should say that it is an open question which is
in excess. T h e bankers here who have the most to do with American tourists are
Thos. Cook & Sons, and their cashier informs m e that probably not more than $500
in American gold coin is brought to them yearly for exchange into foreign currency,
and that t h e amount of American gold coin received from and disbursed to tourists
is about equal. T h e travelers usually get enough of their gold coin exchanged at
t h e port of arrival into Italian currency to last for the Italian tour.
From information received from-other bankers and money exchangers, especially
those who have t h e most to do with emigrants, it seems that while some of t h e
emigrants get their gold, brought back as t h e result of their savings in America,
exchanged for Italian currency here in Milan, still t h e greater part of them ar^
DIRECTOR OF THE MINT.
'
273
served by the provincial money exchangers where they reside, and with whom they,
or some of their relatives, are acquainted.
Emigrants, provided they do bring back their savings in American gold coin, or
bank bills—and a large part is no doubt brought back in this latter way, as bills are
easier to carry and to conceal—on receiving their Italian currency from t h e provincial
money exchangers, put it either into small savings banks or invest in some small
place in their native district.
W M . JARVIS, Consul.
Lion. DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
CONSULATE OP THE UNITED STATES,
Genoa, April 24, 1900.
SIR: Department circular, dated March 9, 1900, with circular from the Director of
the Mint inclosed, both requiring information in regard to the amount of American
gold carried abroad by travelers, reached this consulate on the 30th ultimo. I n
reply I have to state that but little gold from t h e Mint in the United States can be
found either in the business houses, banks, or in the offices of the many money
changers in this city.
The greatest volume of business transacted by American tourists who visit Genoa
is with the well-known firm of Thomas Cook & Son (tourist agents), and with the
agents of the North German Lloyd Steamship Company; but these business houses
inform me they are very seldom offered American gold in payment for tickets either
by land or sea. The North German Lloyd's agents inform me also that for the past
three years they have not been tendered scarcely $100 in gold for passage tickets to
the United States.
I t can n o t b e learned how much American gold returning emigrants bring from the
United States; it is presumed, however, that the amount or sum is not great, or more
would be seen in the windows of the money changers. It is well known also that
American bank notes are brought on the European Continent in large amounts, and
this would indicate that tourists and immigrants prefer to travel with the light-weight
bank notes than with the weighty gold.
I am, sir, your obedient servant,
JAMES FLETCHER,
United States Consul.
Hon.
THOMAS AV.
CRIDLER,
Third Assistant Secretary of State, Washington, D. C.
CONSULATE OF THE UNITED STATES,
Venice, May 14, 1900.
SIR: I n reply to the circular of the Director of the Mint, inclosed in the Department's circular dated March 9, 1900, I have to say that, so far as I have been able to
learn from bankers and money changers in this region, no American gold is presented
or asked for in exchange by travelers. I may say, however, that one house, Drog,
Leis & Co., of Venice, informs me that about $20,000 in gold passes through their
hands in the course of a year. This gold, they tell me, is brought or sent by Italian
workmen in t h e United States.
I have the honor to remain, sir,
H. A. JOHNSON, Consul.
Hon.
DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
NETLIERLANDS.
CONSULATE OP THE UNITED STATES,
Amsterdam, April 9, 1900.
SIR: I n reply to circular dated March 9, 1900,1 have the honor to report the result
of my investigations concerning American gold carried abroad by travelers:
1. The Holland America Line states that most travelers carry American Express
checks. '
-
ril900
18
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REPORT ON T H E FINANCES.
2.. Messrs. Anspach & Donk, exchange office, say that they buy less than they sell.
There is here, however, only a small demand for United States gold. Greenbacks
are principally demanded.
3. T h e Twentsche Bankverseniging buy more than they sell, principally $20 gold
pieces. They handle about $1,000 per year, and sell t h e gold dollars either to Paris
or to London. They change more American paper money. Their experience is t h a t
American travelers either carry letters of credit or Amefican Express checks.
4. Messrs. Adolph Boissevan & Co. never buy or sell any American gold. They
state that travelers carry letters of credit and greenbacks.
5. Amsterdamsche Bank handles per year from $500 to $600 United States gold.
They sell t h e same amount as they buy. Greenbacks are principally changed by
them. They inform me t h a t travelers carry letters of credit, or American Express
checks. I conclude from t h e above that very little United States gold coin enters or
leaves the city of Amsterdam, so little, indeed, as to be altogether a negligible quantity.
There is no passenger line of steamers direct to Amsterdam, and our men-of-war do
not frequent the port, while tourists, who come in greatly increasing numbers annually, are provided with letters of credit. Express checks, and other paper substitutes
for coin.
FRANK D . H I L L , Consul.
Hon.
DAVID J. LIILL,
Assistant Secretary of State, Washington, D. C.
ROTTERDAM, May 8,
1900.
SIR: Gold coin is very seldom carried by travelers from the United States; nearly
all of t h e m carry checks and bank notes. On Atlantic steamers to this port t h e
saloon passengers carry mostly checks and the steerage passengers bank bills, but
little or no coin.
The American travelers destined for Rotterdam per the direct steamers of t h e
Holland-America Line generally change their American currency on the steamer
before entering the port, t h e steamship company providing the foreign, currency; but
American money is also changed in the Rotterdam exchange office.
The bankers here are of the opinion that little or no American currency is carried
to the interior of Europe, the well-to-do travelers generally being provided with
drafts or letters of credit on principal European points.
The Holland-America Line, which changes most of the American currency on
their incoming steamers, states that the amount received is comparatively small, and
is regularly disbursed again through exchanging with travelers on outgoing steamers,
and. by providing the pursers with an appropriate sum in order to facilitate the circulation of money on board.
T h e whole amount of gold and other metal coin of the United States exchanged at
Rotterdam is estimated by t h e Rotterdam Bank (the principal bank of Rotterdam)
to be between $2,500 and $3,000.
The total amount of American currency purchased at Rotterdam does, probably,
not exceed $60,000 per annum, and the same amount is probably sold again to travelers destined for t h e United States and to persons remitting to the United States by
registered letters.
*
There are no statistics showing t h e actual amount of currency exchanged, and the
foregoing information is, therefore, entirely based upon estimates.
S. LiSTOE, Consul.
Hon.
DAVID J. LIILL,
Assistant Secretary of State. Washington, D. C.
NORWAY.
CHRISTIANIA, April 21, 1900.
SIR: After careful investigation, I can report t h a t t h e amount of American gold
carried to this country by travelers is very insignificant. The bulk of t h e tourists and
travelers carry with them bank drafts, letters of credit, or American paper currency.
People carrying American gold with them are generally ignorant of t h e fact that by
so doing they lose in t h e exchange. The banks and exchange shops, as a rule, pay
DIRECTOR OF T H E MINT.
275
about one-half per cent less for American gold than for American bills of exchange.
I have consulted one bank and two money dealers in this city; they agree in their
statement that what little American gold they receive is again b y them sold to emigrants, who carry it with them back to America. I believe t h e same is the case in
other parts of Norway, as well.
H E N R Y BORDEWICH, Consul.
H o n . DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
RUSSIA.
ST. PETERSBURG, RUSSIA.
SIR: I n response to Department circular of March 9, 1900, transmitting a circular
prepared by t h e Director of t h e Mint, I have to report that there is no regular line of
steamers between this city and t h e United States. Travelers come to St. Petersburg
either via Hamburg, Berlin, or Stockholm, and carry letters of credit or American
express orders. The banks state that t h e amount of American gold coin offered for
sale during t h e course of a year is very small, and t h e demand from people going to
the United States equals t h e amount offered for sale. T h e bank doing the largest
business with American travelers has n o t a single American gold coin on hand at
present.
I have heard that t h e Russian Government held a considerable quantity of American gold coin, and addressed a note to Mr. Pleske, the governor of t h e Imperial Bank
of Russia, asking t h e amount of American gold coin in the treasury and when it was
purchased. I n his reply h e states that " t h e Imperial Bank now has about seventytwo millions of dollars of American gold coin, which purchase began in 1895, but t h e
largest purchase took place in 1897."
My opinion is t h a t t h e amount of American gold coin brought to and taken away
from Russia is so small as to cut no figure.
I n t h e two and a half years I have been here I have seen very little American gold
coin, but am frequently asked to exchange American paper money for Russian rubles,
the same having been sent by relatives in the United States. The banks will not
purchase American paper money, b u t refer persons having such notes to t h e consulate, and I am glad to have it, as persons frequently call for small sums to send to
the States, to purchase small articles—books, magazines, etc.
W. R. HOLLOWAY, Consul-General,
Lion. DAVID J. LIILL,
Assistant Secretary of State, Washington, D. C.
SPAIN.
CONSULATE OF THE UNITEI) STATES,
Gibraltar, April 6, 1900.
SIR: I n reply to t h e circular issued b y t h e Department of State, under date of t h e
9th ultimo, calling for information regarding t h e amount of American gold carried
abroad b y travelers, I beg respectfully to submit t h e following:
1. As a rule, travelers from the United States, who are generally tourists landed from
the German steamships which touch here almost weekly from New York, bring b u t
little American gold. United States Treasury notes (greenbacks), and some British
sovereigns; b u t American travelers invariably arrive provided with circular letters of
credit for considerable amounts, issued by American bankers upon their European
colleagues, principally established in London.
2. I t is only few and far between that steerage passengers returning to their homes
in Europe are landed here.
They at times may bring small quantities of American gold a n d United States
Treasury notes (greenbacks), b u t should their savings amount to a sum of any
importance, previous to their departure from t h e United States for their European
horues, they either purchase with it British sovereigns or sterling drafts on London.
3. Some of t h e tourists returning home, draw sometimes t h e remaining balance of
276
REPORT ON THE FINANCES.
their letters of credit here and purchase from $20 to $50 in American gold or United
States Treasury notes (greenbacks) to meet their immediate wants when landing on
arrival.
A few of the emigrants embarking at Gibraltar for the United States purchase
similar small sums for a like purpose.
Neither emigrants nor immigrants land at this port, but while the steamers on
which they are on board are at anchor in this bay an occasional gold coin or two
may be exchanged in purchasing fruit and tobacco from the numerous bumboats
which are permitted to lay alongside; otherwise they seldom have any communication with the shore.
Some homeward tourists whose letters of credit have been exhausted,, and a few
emigrants leaving from Gibraltar for t h e United States, at times purchase from $20 to
$50 in American gold or United States Treasury notes to meet their immediate wants
on landing there, or else depend upon a few British sovereigns.
4. From all, the information I have been able to gather, I am inclined to believe
t h a t about $750 in American gold reaches this market on an average monthly through
travelers and tourists, a third part of which probably returns to the United States
through t h e same channels it was brought here, while the remaining two-thirds are
sent to London as remittances from t h e banking and commercial community of
Gibraltar, who are in the habit of collecting throughout t h e year, by driblets, $5 gold
pieces in exchange for British sovereigns, the standard value of which is only $4.86.
Respectfully,
HORATIO J. SPRAGUE, United States Consul.
Hon.
DAVID J. H I L L ,
Assistant Secretary of State, Washington,. D. C.
SWEDEN.
CONSULATE-GENERAL OF THE UNITED STATES,
Stockholm, April 3, 1900.
SIR: Replying to the Department's circular dated March 9, 1900, and entitled
"American gold carried abroad by travelers," I beg to state that it may be laid down
as a rule t h a t travelers coming to Sweden from the United States carry no United
States coin, to mention.
Steerage passengers carry their savings in drafts. Many, of course, bring coins as
pocket pieces or made into ornaments, which occasionally find their way into the
money changer's hands.
The coin t h a t finds its way into the money changer's office is sold to intending
emigrants, so we can say that all United States coin sold in the kingdoms of Sweden
and Norway comes back again.
From my observations I am led to believe that t h e amount of coin carried to these
kingdoms does not exceed the amount taken back by emigrants.
I am, sir, your obedient servant,
EDWARD D . WINSLOW,
United States Consul-General.
Hon.
DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C
SAVITZERLAND.
CONSULATE OF THE UNITED STATES,
Geneva, March 30, 1900.
SIR: I am directed by Department circular of March 9 to investigate and report as
to the amount of gold carried abroad by American travelers.
,
In reply, I have t h e honor to state that American gold is rarely seen in French
Switzerland. American tourists generally use letters of credit or American Express
Company notes. If they have American money at all, it is almost invariably in the
shape of bank notes. The leading money changer of Geneva told me to-day that he
had never seen an American traveler with more than. $250 in American gold, and
even this was very rare. During the whole tourist season he would not expect to be.
called upon to change American gold more t h a n two or three times.
DIRECTOR OF T H E MINT.
277
In regard to immigrants to the United States, they almost invariably buy American
bank notes; and those who return bring either bank notes or billsof exchange, never
gold. In this connection it may be observed that American bank notes are worth
more on the exchanges than American gold. This is for the reason that the gold is
generally sold and melted up, as there is never any demand for the coin. The rate
of exchange, on the other hand, is always in favor of the United States, and this
makes it easy to dispose of bank notes.
I t is believed here by bankers and money changers that Italians leaving the United
States often bring American gold abroad with them, but it is very rarely seen in
Switzerland.
I am, sir, your obedient servant,
B E N J . H . RIDGELY, Consul.
Hon.
DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
CONSULAR AGENCY OF THE UNITED STATES,
Lucerne, April 5,1900.
SIR: I have the honor to acknowledge the receipt of the circular dated February
.24, 1900, addressed to this office by the Director of the Mint at Washington, and in
reply thereto I beg to inform you that I have made inquiries in regard to the amount
of American gold carried abroad by travelers, and have come to the following conclusions:
A classification between travelers for pleasure and emigrants from Switzerland to
the United States is advisable.
Travelers for pleasure coming to Switzerland do not, as a rule, carry United States
gold coin with them. I t occasionally happens that some of them carry a small amount
as a reserve for places where they think they will not find a bank.
Swiss citizens who have emigrated to the United States and, after saving a little
money, return to their home for temporary residence, as a general rule, carry a portion of their savings in gold coin, but the number of such emigrants, as well as the
amount of gold coin they bring with them, is very small. The coin thus brought is
usually changed by them at the port of arrival.
Bankers and money changers who change United States gold for travelers or emigrants usually sell it again to travelers or emigrants returning to the United States,
and therefore the greater part of United States gold carried abroad eventually finds
its way back.
^
'
'
According to my own experience in banking business, as well as the opinion of
many other bankers whom I have consulted upon the subject, I am convinced that
90 per cent of travelers from the United States do not bring United States gold with
them, and what is exchanged in this consular district is almost balanced by t h e
amount purchased by travelers who are returning to the United States.
I am, sir, your obedient servant,
JULIUS HARTMANN,
United States Consular Agent.
H E N R Y H . MORGAN,
Esq.,
United States Consul, Aarau, Switzerland.
UNITED STATES CONSULATE,
Basle, Sioitzerland, April 10, 1900.
SIR: The information asked for by the circular of the Bureau of t h e Mint, February
24,1900, in regard to the movement of United States coin between America and Europe,
has been kindly furnished by the Bank and Emigrant and Transportation Agency,
Zwilchenbart, and confirmed by all other bankers and money dealers of whom
inquiry has been made. Especial importance is to be attached to t h e statements of t h e
establishment named. I t has been for very many years occupied with, the transportation and with the financial arrangements of travelers, tourists, and emigrants. So
far as emigrants proceeding to America and afterwards returning to their native
country are concerned, there is probably no better authority in the world t h a n
Zwilchenbart. Basle is, in fact, the center from which Swiss, Italian, and Austrian
emigrants depart for t h e United States. I t is no exa-ggeration to say that armies of
278
REPORT ON THE FINANCES.
these people, both going and coming, pass through t h e emigration and banking
establishments of Basle, particularly those of t h e house that furnishes the following
statement:
1. Passengers generally bring no. coin.—Most of t h e tourists and steerage passengers
from t h e United States passing through our offices bring their money in drafts.
2. Coin brought to interior points.—Such passengers coming from t h e United States
as bring coin generally have no time to change it at t h e port of arrival, a n d therefore bring it to interior points.
3. Disposal of United States coin.—The gold coin we buy from passengers coming
from t h e United States is resold to persons about to proceed to that country.
4. All American coin returned.—Our experience would lead us to t h e conclusion that
all American gold received here is carried back to t h e United States, and we believe
that all other passenger agencies and money dealers are of t h e same opinion.
GEO. GIFFORD, Consul.
H o n . DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
BERNE, April 25, 1900.
SIR: Information collected from numerous bankers and money changers inthis vicinity appears to help substantiate t h e assumption of t h e Bureau of t h e Mint that t h e
amount of gold coin carried out of t h e country by travelers is small. An insignificant amount of gold coin is ever seen here and, in fact, I am told that it would
trouble any money changer here to produce even $100 in United States gold coin.
Travelers from t h e United States and steerage passengers returning carry either notes
or drafts. United States gold is seldom offered at interior points and is considered
by t h e bankers as cumbersome and unsalable property, which is to be bought at a
low price and held until a customer is found. To-day, on inquiry, I was, informed
that United States gold dollars would be taken a t 5.12 francs, while for notes 5.15
francs, and for drafts 5.19 francs would be paid.
I was also told that there was no American gold on hand for sale. Returning
tourists and emigrants to t h e United States carry only enough money to last them
during t h e journey, relying for t h e most part, on drafts on points in t h e United
States.
From personal observation and experience, I believe that t h e amount of gold coin
carried from t h e United States b y tourists abroad is too small to be taken into consideration. The practical mind of an American finds easier methods for carrying his
wealth. The emigrant, if fortunate enough to possess money, which is hardly ever
in gold, is too suspicious of his new surroundings and of t h e extent of his journey
to keep large sums on his person. H e buys a draft and deposits his money with t h e
emigration agent here, a n d is repaid i n United States money on arriving in t h e
United States.
ADOLPH L . FRANKENTHAL, Consul.
Lion. DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
CONSULATE OF THE UNITED STATES,
Geneva, June 30, 1900. "
SIR: I t is from no lack of attention or interest that your letter of t h e 31st ultimo
in regard to t h e melting of American gold coin has n o t been answered before, b u t
for t h e reason t h a t I wanted to investigate t h e matter thoroughly before reporting.
I do not-find t h a t any considerable amount of American gold coin is melted by t h e
manufacturing jewelers at Geneva, as you have been informed. Formerly this was
the case, b u t during t h e past six years t h e amount melted has been steadily decreasing, until at present it amounts, relatively, to very little. T h e manuracturing jewelers themselves, or at least those whom I have interviewed, declare that the jewelers
do not melt, themselves, all told, more than 10 kilograms (22 pounds) of American
gold coin in a year. T h e Usine Genevoise d e D^grossissage d'or does nearly all t h e
melting of gold t h a t is done at Geneva. T h e director of that concern tells me that
during t h e first five months of t h e present year they melted u p about 47.200 kilograms of United States $5, $10, and $20 gold pieces.
DIRECTOR OF T H E MINT.
279
Of these more than half were $20 pieces. T h e Usine bought these coins from
various bankers in Lyons, Marseille, and Geneva, but principally from t h e Credit
Lyonnais. The average price paid was 3,112 francs ($600.61) the kilogram (a kilogram
being 2 | pounds, avoirdupois). This would be $17.05 an ounce. Taking the above
figures as a basis and roughly estimating t h e amount melted by the jewelers themselves, independent of t h e Usine, it would appear that American gold coin to t h e
amount of about $75,000 is annually melted in Geneva. During the first five months
of this year, as above stated, the Usine melted, of American gold coin, 47.200 kilograms. During the same period it melted, of Russian gold coin, 25.400 kilograms;
of English, 26.50.0 kilograms, and of French, 17.670 kilograms.
I am, sir, your obedient servant,
B E N J . H . RIDGELY, Consul.
H o n . GEORGE E . ROBERTS,
Director of the Mint, Washington, D. C.
ITALY.
CONSIJLATE OF T H E U N I T E D
STATES,
Florence, April 19, 1900.
SIR: From inquiries made at six banking corporations, fourteen bankers, and nine
money changers in Florence, pending the arrival of two steamers from New York
bound for Genoa, passengers of which generally make one of their first stops in this
city, I have not been able to find more than $50 in gold coined by the United States.
Travelers and emigrants from t h e United States, as a rule, carry but very little
gold coin.
Tourists and immigrants from here to the United States usually change their Italian
currency into greenbacks. •
As far as this district is concerned, from t h e best information a t hand, I should
judge t h a t t h e amount of United States gold coin exported and imported is about the
same.
I am, sir, your obedient servant,
EDWARD C . CRAMER, Consul.
H o n . DAVID J.
HILL,
Assistant Secretary of State, Washington, D. C.
GREECE.
ATHENS, June 13, 1900.
SIR: I n regard to the receipts and disbursements of United States gold coin by the
banks of Athens, I have made special and careful inquiries and have gathered t h e
following information:
All of the United States gold coin received in Athens is brought here by Amefican .
travelers, and the portion of it that is exchanged here is always exchanged in the
banks of the city, of which but three or four are willing to accept such coin unless it
is offered in large amounts.
During the year 1899 but two of the banks of Athens took in any United States
coin, the total sum received by both being $2,002, all of which was forwarded by the
two banks to their correspondents in London.
As over 3,000 American travelers visited Athens during t h e year 1899, it is safe to
say that not 1 per cent of them left gold coin of the United States in this city, and it
is certain that none of them carried away more than they brought of such coin.
From what I have observed and learned in relation to this matter I am convinced
that very few of the American travelers bring United States gold coin to Greece,
and that none of the returning Greeks bring any to their native land.
As no American travelers or Greek emigrants leave this port directly for t h e
United States I am unable to form any opinion in regard to t h e amount of United
States coin carried abroad by t h e former exceeding t h e amount of t h e same coin
brought back to t h e United States by incoming passengers.
.
DANIEL E . MCGINLEY, Consul
H o n . DAVID J . H I L L ,
Assistant Secretary of State, Washington, D. C.
280
REPORT ON T H E FINANCES.
AUSTRIA-HUNGARY.
CONSULATE-GENERAL OF THE UNITED STATES,
Vienna, July 3, 1900.
• SIR: Referring to m y letter of J u n e 19 I hasten to advise you that I have jost
received from t h e head office of t h e Austro-Hungarian- bank a communication in
Which I am informed that t h e bank has bought since t h e year 1893 t h e total of
1,312,414 American gold eagles. As eagles t h e bank has reckoned half-eagles and
double eagles as well as eagles proper, and has converted t h e whole amount into
eagles. This total of $13,124,140 has been melted and reissued in gold pieces of t h e
monarchy.
This fact will no doubt give some indication as to t h e disappearance of a certain
amount of American gold coin mentioned in the circular from t h e Department of State
to our consuls. I still believe that t h e American gold coin brought into this country by
travelers is small and does not exceed $.10,000 annually. There seems to be no doubt
but that t h e Austro-Hungarian bank has given direct orders for t h e purchase of
American gold coin.
Respectfully, yours,
C. B. HURST, Consul-General.
Hon. GEORGE E . ROBERTS,
. Director of the Mint, Washington, D. C.
CONSULATE OF THE UNITED STATES,
Trieste, April 30,1900.
' SIR: I n complance with t h e Department's.circular of March 9,1900, and in response
to t h e request of t h e Director of t h e Mint transmitted therewith for information in
regard to t h e amount of American gold carried abroad by travelers, I have the honor
to report as follows:
1. Travelers from t h e United States do not often bring to Europe United States
gold coin. I n fact, t h e large majority of them carry comparatively little money of
any kind, but for reasons of safety and convenience provide themselves with circular
letters of credit.
2. Steerage passengers returning to their old homes occasionally do carry with,
them a portion of their savings in American gold coin.
Some change it at t h e port of arrival, others take it with them to interior points.
3. I t is a peculiar trait of t h e more ignorant peasantry of Europe to hoard gold.
I t is not to be supposed that a few years' residence in t h e United States is sufficient
to cause these people to entirely outgrow this tendency, and quite a.number of those
who return to their old homes probably never part with their gold, but keep it secreted
in old stockings for a rainy day.
4. T h e amount of American gold coin purchased here by tourists and immigrants
for t h e United States is insignificant, n o t exceeding $1,000 per annum, while t h e
amount of such coin annually exchanged in t h e territory tributary to Trieste for
Austrian money is upon a fair estimate not less than $30,000, one-third of it being
exchanged in this city.
5. Such coin is either exchanged by bankers and money changers at t h e local assay
office for Austrian ducats, or sent to the larger money centers of Europe.
When, by a " calculation of arbitrage," it is found that it is more advantageous to
exchange it for Austrian ducats than to sell it at Berlin or London, it is tendered to
the local assay office. T h e assayer, in order to detiermine its true weight, smelts it,
and then, after deducting one-half per cent for seigniorage, delivers to t h e holder an
equal weight in Austrian ducats. The total weight of United States coin thus smelted
at Trieste was 624,851 grains in 1899.
I have t h e honor to be, sir, your obedient servant,
FREDK. W . HOSSPELD,
United States Consul.
Hon. DAVID J. H I L L ,
Assistant Secretary of State, Washington, D. C.
DIRECTOR OF THE MINT.
281
VIENNA, May 9,1900.
SIR: After careful investigation as to the amount of American gold carried to Vienna
and adjoining districts, I have the honor to report that bankers, money exchangers,
and travelers are of the one opinion t h a t a relatively small quantity of American gold
is brought to this country. Travelers of means invariably use letters of creditor
travelers' checks, while the usual emigrants returning for a visit to their native country exchange their American money in New York or elsewhere in the United States
for Austrian paper currency, retaining in notes, rather than in gold, amounts varying
from $10 to $100.
Of the 500 emigrants who may reasonably be supposed to return to Austria-Hungary in t h e course of a year for shorter or longer periods of sojourn, it may be estimated that each of them has with him twenty dollars in American gold, making a
'total of $10,000. This coin, as well as the paper money, is generally converted into
Austrian currency before the emigrant goes back to the United States. American
gold coin is bought by local jewelers, who often purchase it from the banks by weight,
at t h e Austrian valuation. W h a t surplus the banks have not consumed in t h e way
of business is disposed of, from time to time, at the Government mint, where it is
melted down and reissued under another name.
CARL BAILEY HURST, .
United States Consul-General.
Hon.
DAVID J.
HILL,
Assistant Secretary of State, Washington, D. C.
HUNGARY.
CONSULATE OF THE UNITED STATES,
Budapest, April 10, 1900.
SIR: I n conformity with the Department circular issued under date of t h e 9th
ultimo, inclosing a circular letter from the Bureau of the Mint, I beg to give the
following brief answer, based u]Don the replies received from the principal bankers of
this city, to the four questions contained in said circular letter:
1. Travelers from the South and West of the United States sometimes bring gold
coin to Budapest. One bank reports the purchase of American gold to the amount
of $100 to $200 yearly. American gold has been offered once or twice- at this
consulate.
2. Such American gold is sold by the banks to goldsmiths, or to bankers in
Germany.
3. There is almost no demand for American gold at Budapest banks by returning
American tourists or Hungarian emigrants.
4. There is no doubt that the amount of United States gold brought to Hungary
exceeds the amount carried back to America, but there are no statistics to be had as
to the excess of the former.
I am, sir, your obedient servant,
FRANK DYER CHESTER,
United States Consul
Hon.
DAVID J.
HILL,
Assistant Secretary of State, Washington, D. C.
BELGIUM.
UNITED STATES CONSULATE,
Ghent, April 7,1900.
SIR: I n comphance with Departmenl circular, dated March 9,1900, entitled "American gold carried abroad by travelers," and Treasury Department, Bureau of the Mint,
circular letter, dated February 24j 1900, would submit the following report:
Upon inquiry made among bankers and money changers in this city, I am informed
that there is very little United States money presented for exchange. , A fair estimate
of t h e sum total exchanged in this city during t h e year 1899 would not exceed $800,
and of this not more than $200 in gold.
There are not many tourists from the United States who visit this city. Such as
come have letters of credit. Occasionally one will present paper money for exchange,;
282
REPORT ON T H E FINANCES.
rarely, gold. The United States gold presented for exchange is from persons ^vho
have returned to their native country on a visit. Such persons, as a rule, have their
exchange of money made at t h e port of arrival.
The demand for United States money, more especially so for gold, by persons immigrating to the United States, is far in excess of receipts.
; There has not been a surplus of United States money held in this city for many
years. I t is frequently t h e case that bankers have to send to Antwerp or Brussels
for United States money in order to supply their customers.
RICHARD L E
BERT,
United States Consul.
Hon.
DAVID J.
HILL,
Assistant Secretary of State, Washington, D. C.
From the foregoing it is concluded that an allowance of at least
$500,000 per year should he made for gold coin permanently lost to
the circulation by being carried out of the country in the pockets or
immediate possession of travelers, and it may be said that in all there
are reductions in sight aggregating not less than $50,000,000. As the
investigation is not concluded, the official tables have not been altered
to give effect to any of these calculations, but, pending final conclusions,
are carried along on the basis of former estimates.
STOCK OF GOLD AND SILVER I N T H E U N I T E D STATES SINCE 1873.
The stock of gold and silver and the amount per capita at the close
of each fiscal year since 1873 in the United States are exhibited in the
folloAving table, compiled from the reports of the Director of the Mint:
ESTIMATED STOCK OF GOLD AND SILVER IN THE UNITED STATES AND THE AMOUNT
P E R CAPITA AT THE CLOSE OF E A C H FISCAL Y E A R SINCE 1873.
Total coin a n d bullion.
F i s c a l y e a r e n d i n g J u n e 30—
Gold.
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
. . .
. . . .
-
•.
.
..
. . .
:
.
Per capita.
Population.
Silver.
41,677,000 S135,000,000
$6,149,305
42,796,000
147,379,493
10,355,478
43,951,000
121,134,906
19,367,995
45,137,000
130,056,907
36,415,992
46,353,000
167,501,472
56,464,427
47,598,000
213,199,977
88,047,907
48,866,000
245,741,837
117,526,341
50,155,783
351,841,206
148,522,678
51,316,000
478,484,538
175,384,144
52,495,000
506,757,715
203,217,124
53,693,000
542,732,063
233,007,985
54,911,000
545,500,797 • 255,568,142
56,148,000
588,697,036
283,478,788
57,404,000
590,774,461
312,252,844
58,680,000
654,520,335
352,993,566
59,974,000
705,^18,855
386,611,108
. 61,289,000
680,063,505
420,548,929
62,622,250
695,563,029
463,211,919
63,975,000
646,582,852
522,277,740
: ....
65,520,000
664,275,335
570,313,544
66,946,000
597,697,685
615,861,484
68,397,000
627,293,201
624,347,757
69,878,000
636,229,825
625,854,949
71,390,000
599,597,964
628,728,071
72,937,000
...
696,270,542
634,509,781
74,522,000
861,514,780
637,672,743
76,148,000
962,865,505
639,286,743
76,891,000 1,034,439,264
647,371,030
Silver.
Total
metallic.
so: 15
S3.23
3.44
.24
.44^
2.75
.81
2.88
L21
3.61
L85
4.47
5.02
2.40
7-. 01
2.96
9.32
3.41
9.65 . 3.87
10.10
4.34
9.93
4.65
10.48
5.05
10.29
5.44
11.15
6.00
n.76
6.44
11.09
6.86
n.io
7.39
10.10
8.16
10.15
8.70
8.93
9.20
9.18
9.13
9.10
8.97
8.40
8.81
9.55
8.70
1L56
•8.56
12.64
8.40
13.45
8.42
$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
Gold.
DIRECTOR OF THE
283
MINT.
STOCK OF MONEY IN T H E P R I N C I P A L COUNTRIES OF T H E
I N 1873.
WORLD
Inquiries have frequently been received within the last few years
asking for information as to the stock of money in the principal countries of the world at different periods, and especially as to 1873. To
answer such inquiries, as far as practicable, the following table, showing the stock of money in 1873 in the countries named therein, has been
compiled from the most reliable data obtainable:
APPROXIMATE
STOCKS OF MONEY IN THE AGGREGATE AND P E R
PRINCIPAL COUNTRIES OF THE WORLD,
1873.
Countries.
Population.
Stock of
gold.
u n i t e d States
Great Britain
France
Germany
Russia
Italy
Belgium
"....
Netnerlands
Austria-Hungary .
Australasia
Denmark
Sweden
Norway
41,700,000
31,800,000
36,100,000
41,000,000
82,200,000
26,800,000
5,200,000
3,900,000
35,900,000
2,600,000
1,800,000
4,400,000
1,800,000
$135,000,000"
160,000,000
450,000,000
160,200,000
149,100,000
20,000,000
25,000,000
12,000,000
35,000,000
50,000,000
4,100,000
1,800,000
7,600,000
Total
CAPITA
IN
THE
Per capita.
Stock of
' silver.
Uncovered
paper.
$6,150,000
95,000,000
500,000,000
306,235,000
18,600,000
23,000,000
15,000,000
37,300,000
40,000,000
3,000,000
7,500,000
4,300,000
1,600,000
$749,445,000 $3.2459,800,000 ' 5.03
385,300,000 12.47 •
90,800,000"
3.91
618,400,000
1.81
87,800,000
.75
35,100,000 • 4.81"
15,300,000
3.08
265,800,000
.98'
19.23
6,500,000
2.28
6,000,000
.41
2,300,000
4.22
Gold. S i l v e r . P a p e r . T o t a l .
$o: 15- $17.97 $21.36
2.99- • 1.88
9.90
13.85 10.67
36.99
2.21
7.4713.59
.23- 7.'52
9 56
• .86 •3.27
4.88
6.75
2:88
14.44
3.92
9.56
16.56
7.40
1.11
9.49
L15
20.38
4.16 "z.hi' 10.05
.98
2.75
1.36
.89'
6.39
1.28
1,209,800,000 1,057,685,000 2,322,545,000
WORLD'S STOCK O F MONEY.
Since 1893 there have been published in the report of the Director
of the Mint for each fiscal year a table showing the monetary S5^stems
and an estimate of the approximate amounts of gold, silver, and uncovered paper in the respective countries of the world at the close of each
calendar j^ear. These tables have been compiled from the most reliable
data obtainable, both official and unofficial, the latter being used only
in the absence of the necessary information from official sources.
While but an estimate, it is believed that the figures given in the following table approximate closely the world's monetary stock at the
close of the calendar year 1899:
284
• REPORT ON T H E FINANCES.
MONETARY SYSTEMS AND APPROXIMATE STOCKS OF MONEY IN THE AGGREGATE AND
Countries.
1
0
8
4
5
6
7
8
United States
Austria-Hungary
Belgium
British Empire:
Australasia
Canada
Cape Colony
Great Britain
India
Ratio be- Ratio begold tween gold
Monetary Monetary unit. tween full and limited Population..
and
standard.
legal-tentender
der silver.
silver.
Gold . . . Dollar
Crown
...do
Franc
do
1 to Ibh
1 to 14.95
1 to 13.69
1 to 14.38
76,300,000
46,300,000
6,700,000
1 to 21.90
1 to 14.28
1 to 14.28
I t o 14.28
1 to 14.28
1 to 21.90
4,500,000
5,500,000
2,200,000
40,700,000
296,900,000
1 to 14.28
1 to 14.38
1 to 14.28
1 to 14.88
1 to 15.68
1 to 15.50
1 to 14.38
1 to 13.95
1 to 14.38
1 to 14.38
1 to 14.38
1 to 28.75
I t o 15.13
1 to 14.88
1 to 14.09
1 to 14.38
1 to 23.24
1 to 14.38
I t o 14.38
1 to 14.38
1 to 14.88
I t o 14.38
I t o 15.09
1,100,000
3,300,000
1,600,000
2,300,000
9,800,000
2,600,000
38,500,000
52,300,000
2,400,000
1,000,000
31,900,000
43,800,000
5,100,000
2,100,000
5,100,000
5,600,000
130,900,000
2,400,000
38,700,000
17,700,000
. 5,100,000
3,100,000
24,500,000
3,500,000
383,500,000
12,600,000
5,000,000
.4,500,000
Pound sterling.
do.
. . . d o . . . . Dollar
d o . . Pound sterling .
do
.do
. . . d o . . . . Pound sterling
and rupee.
q
South African Republic... . . . d o . . . . Pound sterling.
10 Bulgaria
. . . d o . . . . Lev..
11 Cuba
do .- Peseta.
19 Denmark
. . . d o . . . . Crown
IS Egypt
do . Piaster
14 Finland .1
. d o . . . . Markkaa
.
15 France
do
Franc
16 Germany
. . . d o . . . . Mark
17 Greece
Drachma
do
18 Haiti
. . . d o . . . . Gourde
19 Italy
. . do
Lira
?0 Japan
. . . d o . . . . Yen
'>1 Netherlands
do . Plorin
99 Norway
. . . d o . . . . Crown
OS Portugal
Milreis
do
94 Roumania
. . . d o . . . . Lei
ots Russia
do
Ruble
'>6 Servia
. . . d o . . . . Dinar
97 South American States
do e
Peso
08 Spain
...do . . . . Peseta
9q Sweden
Crown
.do •
SO Switzerland
do
Franc
Sl Turkey. do .. Piaster
Silver . . Peso
s*? Central American States
. . . d o . . . Tael
...:
ss Mexico
China
S4
. . . d o . . . . Peso
S5 Siam
. . . d o . . . . Tical
Dollar
Sfi Straits Settlements/..
do
Total..:
1 to 15.98
1 to 151
1 to 15^
1 to 15^
1 to 15^
1 to 15i
1 to 15^
1 to 151
1 to 15^
1 to 15^
1 to 15i
1 to 15^
1 to 15i
I to 16i
1 to 16^
1,319,100,000
a Information furnished through United States representatives.
b Estimate, Bureau of the Mint,
cStatist, London, January 6, 1900.
dC. Cramer Frey.
eExcept Bolivia, Colombia, and Ecuador.
/ I n c l u d e s Aden, Perim, Ceylon, Hongkong, Labuan, and Straits Settlements.
DIRECTOR OF THE MINT.
PER
285
CAPITA IN THE PRINCIPAL COUNTRIES OF THE WORLD ON JANUARY 1,
Stock of silver.
S t o c k of g o l d .
Per capita.
Full tender.
$1,020,200,000
a 244,300,000
c21,100,000
Limited
tender.
Total.
$563,300,000
650,000,000
635,000,000
$80,000,000
646,300,000
65,000,000
$643,300,000
a 96,300,000
640,000,000
a 128,600,000
a, 620,000,000
537,500,000
Cl 486,700,000
a
i22,200,000 a 389,300,000
Uncovered
paper.
Gold.
Silver. P a p e r . T o t a l .
$336,600,000 $13.37 $8.43 $4.. 41 $26.21
a 93,300,000
5.27 2.08
2.01
9.36
a 92,900,000
3.15 5.97. 13.86 22.98
a 6,100,000 • 6,100,000
a 5,000,000
a 5,000,000 a 40,500,000
61,000,000
61,000,000
111,900,000 a 111,900,000 a 112,300,000
a 389,300,000 a 32,400,000
629,200,000
61,200,000
6 1 , 200,000
61,000,000
63,400,000
6 6,800,000
6 3, 400,000
62,000,000
6 1,500,000
6 1 , 500,000
a 15,800,000
a 5,600,000
a b , 600,000
630,000,000
a 6,400,000
a 6 , 400,000
.(74,400,000
(7400,000
400,000
a 810,600,000 a 361,900,000 a 59, 300,000
421,200,000
6 697,900,000 685,600,000 6122, 800,000 6208,400,000
a 400,000
6500,000
6 1 , 000,000
61,500,000
a 1,000,000
a 2,500,000
61,000,000
6 1 , 500,000
a 98,000,000 616,000,000
627, 900,000 a43,900,000
a61,000,000
a 26, 100,000 a 26,100,000
a27,500,000 a49,900,000
53,400,000
aZ, 500,000
a 8,600,000
a2,400,000
2, 400,000
a 5,200,000
(79,800,000
9, 800,000
600,000
cfl, 100,000
a 600,000
a 791,700,000
104, 500,000 a 104,500,000
700,000
(71,500,000
.g 1,700,000
a 72,900,000
15, 800,000 a 24,200,000
8,400,000
a 77,200,000
243, 700,000 a243,700,000
a 6,800,000
a 13,400,000
6, 800,000
c 24,000,000
Z
10, 700,000 d 10,700,000
650,000,000
6 30,000,000 610, 000,000 640,000,000
a 1,400,000
9,300,000
2, 400,000 a 11,700,000
6 750,000,000
750,000,000
al06,000,000
68,600,000 a 106,000,000
a 193,000,000
a20,000,000 a 193,000,000
62,000,000 6 242,000,000
6240,000,000
4,841,000,000 2,892,600,000
1900.
a 6,200,000
300,000
a 194, 100,000
a 173, 800,000
a 28, 800,000
ft3 500,000
a 174', 900,000
i69, 900,000
;i4i; 500,000
a b , 400,000
a l 4 , 100,000
^ 1 4 , 100,000
3,300,000
al,180,200,000
al57,400,000
a31,000,000
a20,500,000
(X7,600,000
a 54,400,000
a 2,100,000
926,300,000 3,818,900,000 2,960,100,000
28.58
3.63
17.05
11.96
.07
1.35
.90
.45
2.75
1.31
26.54
.30
L25
6.87
3.06
1.69
21.05
13.35
.17
1.00
3.07
1.39
5.39
4.09
1.02
1.26
6.05
.63
1.88
4.36
2.62
7.74
2.04
.40
1.09
2.06
.93
2.43
.65
.15
10.94
3.98
.62
2.50
1.38
.59
10.47
1.14
1.92
.11
.79
.70
.62
13.77
1.33
.3.45
1.63
3.34
1.96
.68 8.41
4.00 38. 60
53.77
3.66
2.
2.75
.11
2.70
3.58
5.04
3.32
12.00
3.50
5.48
1.60
8.14
2.57
14.53
2.51
1.37
30.50
8.89
6.07
6.61
2.17
4.32
.40
2.24
29.93
11.90
17.50
17.46
1.49
27.63
2.36
2.18
12.00
3.71
5.42
37.03
20.65
12.79
7.00
9.93
3.58
24.00
7.80
17.47
3.88'
6.89
2.70
33.00
27.02
10.03
17.80
3.67
5.91
1.96
13.41
43.00
53.77
8.79
firL'Economiste
E u r o p h e n , J a n u a r y 5, 1900,
/^ B u l l e t i n d e S t a t i s t i q u e , P a r i s , F e b r u a r y , 1900,
R e p o r t of t h e B a n k of J a p a n for t h e y e a r e n d i n g
i B a n k e r s ' M a g a z i n e , N e w York, J u n e , 1900, p. 8
D e c e m b e r 31, 1899.
j F i n a n c i a l a n d c o m m e r c i a l statistics of B r i t i s h I n d i a , 1900, p . 194,
286
REPORT ON THE FINANCES.
As compared with a similar table published in the report of tlie
Director of the Mint for the fiscal year ended June 30, 1899, the table
above shows that the world's monetary stock of gold has increased from
14,614,600,000 at the close of the calendar year 1898 to $4,841,000,000
at the close of 1899, a gain of $226,000,000. Of this sum the United
States is credited with $75,000,000, or nearly one-third of the total gain.
Of the world's stock of gold the United States holds 21 per cent; France,
17 per cent; Great Britain, IQ per cent; Germany, 14 per cent; Russia,
17 per cent; Austria-Hungary, 5 per cent. The six countries named,
with an estimated population of 385,000,000, held at the close of 1899
$4,051,400,000of theworld'sstockof gold, or 84 per cent, and the remaining thirty countries and colonies embraced in the table, $789,600,000,
or 16 per cent.
Hawaii, having been annexed and become a part of the United States,
the stock of gold, $4,000,000, embraced in-former tables of the world's
monetary stock, has in the foregoing table been included in the United
States.
In the estimate of the. world's monetary stock, published in the report
of the Director of the Mint for the fiscal year 1899, Spain's stock of
silver at the end of 1898 Avas given as $37,000,000, and in the present
report it is given as $243,700,000 at the close of 1899, as officially communicated by the Spanish Government.
'
.
The last official information received from that country prior to
that contained in the present report was for the calendar year 1895;
for the intervening years the estimates of Spain's stock of gold and
silver have been based upon the best unofficial data obtainable, and in
the interval Spain coined a large quantity of silver.
India is credited in the table as holding $22,200,000 in gold, the
amount in the state treasuries and received under the new currency
laws adopting the gold standard, in exchange for rupees at the rate of
15 rupees for 1 sovereign, or pound sterling.
In explanation of the difference between the estimate of India's stock
of silver in 1898 and 1899 it should be stated that the figures' upon
which the estimate for each year is based are those furnished officially
by that country.
To the inquiry, '' What, approximately, was the stock of silver coin
and bullion in the country at the close of the calendar year 1898 ? Give
stock in public treasuries and banks and in circulation separately," the
answer was:
There is no foreign coin in circulation in the country. The circulation of the coin
of the Government of India (rupees) is estimated to have been in 1897-98 about
Rx 120,000,000. But this figure is reached as the outcome of • an imperfect census,
with the aid of assumptions and speculations. It should therefore be taken under all
reserve. In the native states also there is a circulation of silver coin, of which the
amount can not be estimated at all. But it is, of course, far smaller than the amount
of government coin in circulation. What quantityof coin (government and native)
may be buried in hoards it is impossible to say.
And the reply to the same interrogatory for 1899:
No foreign coin circulates in British India. The circulation of the coin of the government of India (rupees) is estimated to have been in 1897-98 about £80,000,000,
but this figure was reached as the outcome of an imperfect census, with the aid of
assumptions and speculations, and it should therefore be taken under all reserve. In
the native states also there is a circulation of silver coin, of which the amount can not
be estimated at all, but it is, of course, far smaller than the amount of government
coin in circulation. What quantity of coin (government and native) may be buried
in hoards it is impossible to say.
DIRECTOR
OF THE
287
MINT.
It will be observed in reply to the interrogatory for 1898 the stock
of silver is given as about Rx 120,000,000 (1,200,000,000 rupees). Calculating the value of the rupee at $0.4737, its coining value in United
States money is equivalent to $568,400,000, given in the report for
1899as India's stockof silver at the close of 1898. In reply for 1899,
the amount of silver in India is given as about £80,000,000. An
act passed September 15, 1899, by the governor-general in council,
changing the monetary standard of that country from silver to gold,
and declaring the sovereign to be a legal tender at the rate of 15 rupees
to the sovereign, gives the rupee a value equal to $0.32+ in United
States money, the rate now used in arriving at India's stock of sUver
($389,300,000) at the close of 1899.
At the close of the calendar year 1898 the world's stock of uncovered
paper money was estimated to have been $2,846,500,000, and at the
end of 1899, $2,960,100,000, an increase of $213,600,000.
GOLD STOCKS IN SIGHT.
In the report of this Bureau two years ago an effort was made to
tabulate the principal stocks of gold held for monetary use in the world
at the close of the years 1892 and 1897.
The comparison was continued last year. The following table has
been compiled from official figures furnished to our representatives by
the respective foreign Governments. Wherever no official information was received the sources are given in the footnotes.
GOLD COIN AND BULLION IN EUROPEAN BANKS OF ISSUE ON DECEMBER 31,1892, DECEMBER 31, 1898, AND DECEMBER 31,
1899.
Bank a n d treasuries.
Decrease.
B a n k of E n g l a n d a
$112,352,762 $133,464,200 $141,128,500
Scotch b a n k s of issue b
24,805,271
31,942,942
c30,301,000
I r i s h b a n k s of issue b
14,523,528
14,917,833
c13,703,000
B a n k of G e r m a n y
78,739,750
122,383,202
111,626,750
German war fund
28,560,000
28,560,000
28,560,000
Austro-Hungarian banks and pub201,185,367
214,022,698
lic t r e a s u r i e s
60,193,605
329,779,100
351,761,800
361,604,800
B a n k of F r a n c e d
36,727,900
53,364,500
B a n k of S p a i n
65,620,000
2,489,700
5,230, 300
5,230,300
B a n k of P o r t u g a l d
15,406,200
20,813,148
18,149,496
B a n k of t h e N e t h e r l a n d s
14,239,900
21,067,078
19,261,400
N a t i o n a l B a n k of B e l g i u m e
B a n k of I t a l y d
77,586,000
75,115,600
76,408,700
B a n k of N a p l e s d
B a n k of Sicily d
Russia: I m p e r i a l B a n k a n d treas439,293,000
511,686,000,
ury...
:. 382,567,601
4,323,200
4,188,100
4,053,000
B a n k of F i n l a n d d
,
7,025,200
10,576, 601
11,560,700
N a t i o n a l B a n k of R o u m a n i a d
.
(7772,000
849,200
N a t i o n a l B a n k of B u l g a r i a /
386,000
/ i l , 389,600
984,300
N a t i o n a l B a n k of S e r v i a d
1,775,600
6,734,070
8,598,317
Imperial Ottoman Bank
4,433,184
18,931,176
12,969,600
18,431,500
Swiss b a n k s of issue
15,812,000
19,666,700
N a t i o n a l B a n k of D e n m a r k
15,729,500
8,635,710
B a n k of N o r w a y
7,214,793
8,585,518
Sweden: Royal a n d private banks
10,683,092
6,542,700
and mint
10,791,606
402,500
386,000
" 443,900
B a n k of G r e e c e
Total
Net decrease .
1,239,760,895 1,656,080,033 1,601,407,370
$7,664,300
$1,641,942
1,214,833
10,756,452
12,837,331
9,843,000
12,255, 500
2,663,652
1,805,678
1,177,300
72,393,000
270,200
4,535,500
77,200
405,300
1,864,247
'499,'676'
"56,'i92"
"3,854," 700
108,514
16,500
45,631,177
100,303,840
54,672, 663
a l s s u e d e p a r t m e n t only.
'
,
6 I n c l u d e s subsidiary, silver. F r o m I ' E c o n o m i s t e E u r o p 6 e n , J a n u a r y 5 a n d F e b r u a r y 16,1900.
c F i g u r e s for D e c e m b e r 23.
( i F r o m B u l l e t i n d e S t a t i s t i q u e , F e b r u a r y 1,1900, p u b l i s h e d b y F r e n c h M i n i s t r y of F i n a n c e .
e F r o m th,e E c o n o m i s t a n d t h e Statist of J a n u a r y 6, 1900.
/ F r o m I ' E c o n o m i s t e E u r o p 6 e n , J a n u a r y 5 a n d F e b r u a r y 16, 1900.
.9 F i g u r e s for D e c e m b e r 22.
h F i g u r e s for D e c e m b e r 15.
288
REPORT ON THE FINANCES.
The columns of increase and decrease disclose no substantial changes
in the stocks of gold coin and bullion in the great European banks in
1899, as compared with the previous year, the total decrease being
about 3 per cent of the aggregate stocks. It will be noticed that this
decrease was chiefly chargeable to Russia, all the rest of Europe combined showing a net gain of $17,720,337 in the great banks.
The figures for Russia are those of the balance sheets of the Imperial
Bank of the dates of December 28 (16 old style), 1898 and 1899, published in the Vestnik Finansov (No. 52 of the respective year), as coming nearest to December 31. The figures for the Russian January 1
(13) would show a notable difference, viz, 2,900,000 rubles less in 1899
(Bulletin Russe de Statistique Financiere, 1898, p. 656) and 21,317,000
less in 1900 (Valeurs Mobilieres, May, 1900, pp. 16 and 92). This
would increase the loss of the Russian bank and treasury by $9,475,500,
yet would not affect the tendency disclosed b}^ the general results.
They are, however, widely at variance with the figures appearing in
the report of the minister of finance to the Emperor for the budget
year 1900, which shows 154,400,000 rubles more in the bank and treasury during " t h e last days" of 1898 and 73,200,000 more at the close
of 1899. (Bulletin Russe de Statistique Financiere, 1899, p. 709.)
It may be surmised that one source of variance between the figures
quoted is to be found in the deposits ''with the correspondents of the
treasury," which includes deposits of gold with foreign bankers.
Still it is evident that a variation in the amount of these deposits could
not affect the amount of coin in circulation at home, unless it appeared
that the difference had been exported or imported in specie. Therefore, in compiling the preceding table the balance sheets of the Imperial
Bank have been relied upon, where the deposits of the treasury with
foreign bankers are eliminated.
The Russian mint, during the year 1899, exhibited still greater
activity than the year previous, the coinage of gold reaching the sum
of $194,481,077. After deducting the recoinages ($48,976,555), the
net consumption of gold by the Russian mint ($145,504,522) exceeded
twice the loss of gold by the bank and treasury.
The excess of exports over imports carried away but $2,240,000 in
gold; of the new coinage about $70,000,000 must therefore have been
absorbed by the circulation of the country, and about $120,000,000 of
gold coin must have replaced the reserve of gold bullion in the bank
and treasury. Of this vast amount only $22,167,000 could be credited
to the production of 1899; all the rest represented gold accumulations
of former years. The Russian minister of finance states in his report
to the Emperor of Russia that the amount of paper money in circulation was reduced in 1899 by 165,900,000 rubles, or $85,438,500. These
figures conclasively show that the loss of the bank and treasury and
the increase in the circulation of gold are due principally to the recent
currency reform in Russia.
Russia is the only European nation which produces gold, and that
is properly not of European origin, coming from her Asiatic dominions.
All other nations of Europe must import their gold supplies. The
largest imports were made in 1899 by Great Britain, German}^, and
France. The net.increase in the Bank of England ($7,664,300) gave
but a very remote indication of the great influx of gold into Great
Britain, which was valued in 1899 at $54,637,933. The gold coinage
executed during the same year amounted to $43,852,085, of which
DIRECTOR OF THE MINT.
289
$8,759,900 were recoinages, leaving a net product by the mint of
$35,092,185. ^ All of that, except the sum of $4,807,525 (the difference
between the increase in the Bank of England and the decrease in the
Scotch and Irish banks of issue), was diffused among the mercantile
community of the United Kingdom. The expansion of the gold circulation was probably much larger than shown by these figures, for a
considerable portion of the gold imports for the year consisted of gold
coin manufactured in the Australian mints.
The loss of $10,756,452 by the Bank of German}^^ likewise marked an
increase of the gold circulation of the country, being accompanied by
a net importation of $32,255,997. The total coinage executed during
the year amounted to $33,628,453, of which only $733,841 represented
recoinages, the net increase of the s'old currency being $32,895,612.
Thus the imports of gold were just about equal to the gold coinage;
while a portion of the imports must have been consumed in the industrial arts, a corresponding portion of the coinage must have come from
accumulated stocks of former years. Except for the bullion, which
may have been exchanged for coin by the banks, the rest of the coinage, together with the gold lost by the bank, must have flown into the
channels of circulation.
Nor was the increase of $9,843,000 in the Bank of France indicative
of a contraction of the gold circulation of the country. Aside from
the fact that it was not even fully 3 per cent of the entire gold reserve
of the Bank of France, most of it was covered b}^ the net imports of
gold coin, which amounted to 35,000,000 francs (Administration des
Monnaies et Medailles, Rapport au Ministredes Finances, 1900, p. 73),
or $6,753,000.
No coinage of any consequence was executed during the year, being
practically all confined to recoinages; the consumption of gold for
industrial purposes was estimated by the director of the French mint
at 23,000 kilograms fine, which represents a value of $15,286,000.
Deducting both the industrial consumption and the net imports of
gold coins from the total net gold imports for 1899, $30,456,000, we
obtain a net increase of gold bullion amountingto $8,417,000. A portion of this amount must have found its way into the Bank of France,
so that there was hardly any appreciable call upon the circulation of
the countiy to supply the increase in the gold reserve of the bank.
Thus the year 1899 in Europe was marked by an increased circulation of gold in Russia, Great Britain, and Germany, which signalized
in tbe latter two countries an increased volume of business activity,
whereas in Russia it was due to the recent change in the monetary
system.
The aggregate net imports of gold into Great Britain, Germany, and
France, together with the annual increase of the gold stock of Russia
(production less net exports), amounting to $157,263,000, claimed somewhat over one-half of the total annual production of the world. The
bulk of the other half can be easily traced to India and the United
States.
The excess of the gold imports of India over her gold exports, for
the fiscal year ending March 31, 1900, aggregated $30,628,451; the
annual exports included the entire production of gold in India, valued
at $8,517,500. The increase of the stock of gold in India during
the calendar 3^ear 1899 therefore may be taken at approximately
$39,000,000.
Fi 1900
19
'
•
"
290
REPORT ON THE FINANCES.
The greater part of this stock was taken up by the government of
India, which raised its currency reserve from £2,030,000, where it stood
on April 1,1899, to £7,069,800 on March 7,1900 (financial statement for
1900-1901, p. 17), i. e., about £5,000,000, or $24,332,500, must have
been added to the gold reserve during the calendar 3'ear 1899. There
was little gold in circulation in India, and little was presented to the
mint by private individuals; by whom the balance of about $14,000,000
was held could not be stated, it having been found impossible to compile a satisfactory table of the gold holdings in Asia.
The most notable increase in the gold stocks during the year was
in the United States. The stock of coin in the country, including
bullion in the mints on January 1,1899, was estimated at $945,798,788,
and on January 1, 1900, at $1,016,178,509, a gain of $70,379,721.
The figures from which the estimate of the gain in the stock of coin
was arrived at appear in the following itemized statement:
stock, January 1,1899
Coinage during the year
Gain in bullion in mints
.-
$945,798,788.
Ill, 344,220
3,028,637
Net exports of United States coin
$32,861,741
United States coin remelted at mints
•... 1,381,445
United States coin taken out in war ships and transports for disbursement in
Cuba, Porto Rico, and the Philippines
8,250,000
United States coin used in manufactures
1,500,000
Stock, January 1,1900..
1,060,171,695
43,993,136
1,016,178,509
The stock of gold coin in the national banks, including gold coin
deposited by them with the clearing houses, fell off by $60,188,175.
The holdings of the national banks must be taken for December 1,
1898, and December 2, 1899, their nearest statements to January 1
being on those dates. They show holdings as below:
December 1,1898
December 2,1899
Loss in national banks
$263,888,745
203,700,570
60,188,175
At the same time the reports of the Government Treasury showed a
large increase of the stock of gold coin and bullion, viz:
January 1,1900
January 1,1899
Gain in treasury
$400,384,512
281,119,881
119,264,631
Eliminating the increase of gold bullion (somewhat over $3,000,000,
as stated), this showed an accumulation of gold coin in the Treasuiy
exceeding $116,000,000 for the year. This loss to the banks and gain
to the Treasury was caused by the deposit of gold for gold treasuiy
certificates, which increased during the year as shown below.
Gold certificates outstanding (not in the Treasury):
January 1,1900
January 1,1899
Increase
.'
$161,529,025
35,198,929
126,330,096
•
The larger part of this vast gain was distributed among the people,
the national banks having taken about $53,000,000 only, as shown by
the folloAving comparative statement:
Gold treasury certificates in the national banks:
December 2,1899
December 1,1898
-.
$70,986,670
17,586,450
This reduces the actual loss of gold by the national banks to
$6,787,956, and leaves $72,929,876 in gold certificates in general circu
291
DIRECTOR OF T H E MINT.
lation among the people. In all, $80,000,000 (in round figures) in gold
coin and gold certificates were added to the circulation of the country,
which is positive and incontrovertible evidence of an increase many
times larger of the volume of business transacted during the year.
Reports from Australia and Canada show small gains in their gold
holdings during the year, as appears from the following table:
STOCK OF COIN AND BULLION IN BANKS IN AUSTRALIA AND CANADA AT THE END OF
1892, 1898, AND 1899, AND INCREASE AND DECREASE.
Stock.
Countries.
Total
1898.
$39,799,634
25,857,005
11,926,390
7,941,462
10,133,338
3,782,453
2,096,513
$32,632,433
28,056,258
13,393,800
8,660,160
8,889,304
3,537,186
8,779,687
$33,928,245 $1,295,812
29,601,737
1,545,479
12,828,955
8,102,538 -. . 9,179,601
290,297
3,069,579
9,721,656
941, 969
$564,845
557,622
101,536,795
Australian colonies:
Victoria
New South Wales
New Zealand .
South Australia
Queensland
Tasmania
West Australia
1892.
103,948,828
106,432,311
4,073,557
1,590,074
1899.
Net increase
Canada: a
Ontario and Quebec
Nova Scotia
New Brunswick
British Columbia
Prince Edward Island .
Government treasurv b
Increase.
Net increase
Grand total net increase
467,607
2,483,483
5,422,680
646,556
202,138
429,622
10,762
6,563,191
7,019,735
1,122,470
144, 505
674,603
5,108
13,244,347
7,544,810
1,877,125
148,288
603,477
12,168
12,444,791
525,075
754,655
3,733
13,274,949
Total
Decrease.
22,210,768
22,630,659
1,290,573
7,060
71,126
799,556
870,682
419,891
2,903,374
a Banking returns for the year commencing July I of the respectivefiscalyear named.
b Specie held by the several assistant receivers-general on the 31st of December.
GOLD AND SILVER USED IN THE INDUSTRIAL ARTS.
The Bureau of the Mint makes annually an estimate of the consumption of gold and silver in the arts and manufactures within the United
States. This is ordinarily arrived at by taking the figures for the
jewelers' bars sold by the mints and assay offices during the year with
the bars sold by tbe private refineries, and adding to this an estimate
of coin melted down. As the private refiners have, with uniform
courtesy and public spirit, cooperated with the Bureau in this work by
reporting the amount of their sales, the chief element of uncertainty
in the estimate has been the amount of coin used. For information as
to this there is but one resort, and that is to address an inquiry direct
to the thousands of persons conducting the manufactures or engaged
in the occupations which have use for the precious metals,. Such an
inquiry was first made by the Director of the Mint, the Hon. Horatio
C. Burchard, in 1880, for the consumption during the calendar year
1879. He repeated his inquiries for the calendar years 1880, 1881,
and 1884, and his successor in office. Director James P. Kimball,
continued the investigation for the year 1885.
The circular of inquiry in each case asked not only for the amount
of coin consumed but the total. consumption of gold and silver, with
blanks to be filled showing whether it was coin, refinery bars, old
jewelry, native gold, or rolled plate. The investigation for 1879, being
the first, was naturally incomplete and inconclusive, only 400 replies
292
REPORT ON THE FINANCES.
being received.
rized below:
The replies received for the other years are summa-
R E P O R T E D CONSUMPTION OF PRECIOUS M E T A L S IN T H E INDUSTRIAL A R T S IN T H E U N I T E D
S T A T E S F O R T H E Y E A R S 1880, 1881, 1883,
1885.
1880.
Character of material used.
1881.
Gold.
$2,408,768
5,511,047
714,378
...
Silver.
$541,834
2,749,190
173,145
$3,315,882
6,171,317
599,524
$72,190
3,127,432
188,799
8,634,193
United States coins used
.
Stamped United States or refinery bars used
Foreign coin used
Old jewelry, plate, and other old materials
Native grains, nuggets, etc., used
Wire or rolled plate used
Gold.
3,464,169
10,086,723
3,388,421
...
Total
1885.
1883.
Character of material used.
Gold.
United States coins used
:
Stamped United States or refinery bars
Foreign coin used
Old jCAvelry, plate, and other old materials
Native grains, nuggets, etc., used
Wire or rolled plate used
Total
Silver.
.
Silver.
Gold.
Silver.
$4,875,587
7,137,661
194,400
876,641
702,387
672,688
$216,637 $2,827,378
6,234,034
4,552,172
178,913
154,273
847,715
221,951
502,893
71,557
561,187
339,940
$133,644
3,836,603
62,708
245,4]3
103,272
216,773
14,459,364
5,556,530
11,152,120
4,598 413
No general investigation of this character had been made since 1885
until one was undertaken this year into the consumption for the calendar year 1899. From the information obtained in the foregoing
returns the consumption of United States gold coin was estimated at
$3,500,000 per 3^ear from 1885 to 1892, inclusive. All information has
indicated that the proportionate use of coin has been declining and of
bars increasing, as the various branches of manufacture into which the
precious metals enter have been following the common tendency to concentrate in comparatively few hands. The large manufacturer is not
so likely as the small one to use coin. All coin that has been in circulation is more or less abraded, and the manufacturer who uses it suffers
this loss, which on a large consumption ma}^ be considerable, while the
mint and assay office bars are always full weight. Although a small
charge is imposed to pay the cost of making these bars, comparative
tests that have been made go to show that it is cheaper to buy the bars
than to melt the current gold coins. In consequence of information to
this effect the estimate of gold coins consumed was reduced in 1893 to
$1,500,000, and that figure has been adopted annually since.
The past year's investigation has been conducted along the lines of
those previously made, but was more extensive. Recognizing that a
general use of coin by a large number of small consumers might cause
the loss from circulation of a sum in the aggregate important, the circular of inquiry has this time been sent to all of the retail jewelers and
all of the dentists in the countiy, as well as to the greater consumers.
In all 44,690 names Avere addressed, and of these 29,939 made reply
and 1,640 circdlars were returned by the post-office, making 31,587
accounted for.
There is good reason to believe that of those who failed to make
response the great majority either were not consumers or used so little
that they had no account of it or thought it not worth while to make
reply. The first circular of inquiry was dated December 30,1899, and
on March 21 another was addressed to the parties who had made no
293
DIRECTOR OF T H E MINT.
response to the first. On June 14 this was followed by a third, and on
August 8 3^et another was addressed to a selected list, and finalty a considerable number of manuscript letters were sent.
These repeated efforts developed comparatively little in addition to
what came in response to the first circular. The replies received later
were commonly from parties who had not been consumers, and led to
the opinion that comparatively little allowance need be made for unreported consumption.
The total reported consumption of United States gold coin was
$3,365,376, and upon this basis the total consumption is estimated to
have been $3,500,000, and these figures are believed to be ample.
The results of this investigation are summarized below:
GOLD AND SILVER
USED
IN THE INDUSTRIAL ARTS DURING
ENDED DECEMBER 31, 1899.
THE CALENDAR YEAR
GOLD.
Inquiries
returned
by postoffices.
United
United
States coiu States Mint
or assay of(face
fice bars.
value).
Number of
inquiries
sent.
Manufacturers of jewelry, watch cases,
etc., including jewelers
Manufacturers of optical goods
Gold and silver leaf beaters
Gold-pen makers
Practicing dentists
Dental supply houses
Platers
Total
Replies
received.
20,041
625
50
52
23,608
. 301
13
14,906
470
48
34
14,223
256
11
$2,384,241
665,618
22,550
19,088
3
167,957
1,248
67,067
17
38,855
44,690
Class of consumers.
29,948
1,640
3,365,376
14,259,412
20,041
625
50
52
23,608
301
13
14,906
470
48
'34
14,223
256
11
356
16
$32,841
95
150
430
9,417
15
620
$3,233,108
14,351
53,519
5,754
1,149
90,925
1,735
44, 690
29,948
43,568
3,400,541
356
16
$11,758,324
68,648
872,510
80,842
18,951
1,431,687
28,450
SILVER;
Manufacturers of jewelry, watch cases,
etc., including jewelers
Manufacturers of optical goods
Gold and silver leaf beaters
Gold-pen makers
Practicing dentists
"..
Dental supply houses
Platers
Total
.,.,.....-.
3
1,248
17
1,640
GOLD (continued).
Private refinery bars.
Class of consumers.
Manufacturers of jewelry, watch cases,
etc., including Jewelers
Manufacturers ot optical goods
' Gold and silver leaf beaters
Gold-pen makers
Practicing dentists.
:
Den tal supply houses.. .•
Platers
Total
$3,240,165
8,641
163,106
37,186
234,Oil
141,764
7,464
3,832,337
Foreign
coin.
$72,918
45
7,5i9
' 17,962
2,522
100,966
Old
jewelry.
$974,163
7,998
20,643
2,997
8,007
9,435
7,500
Native
grains and
nuggets.
Total.
$484,567 $18,914,378
502
751,452
1,078,809
147,632
42,140
489,028
12,153
1,664,628
82,269
1,030,743
539,362
. $161,082
• 428
50
• -404
701
1,444
3,000
$188,121
259
4
167,109
204,216
23,128,196
SILVER (continued).
Manufacturers of jewelry, watch cases,
etc., including j ewelers
Manufacturers of optical goods
Gold and silver leaf beaters
Gold-pen makers
• Practicing dentists
Dental supply houses
Platers..
Total
:
$3,823,492
2,608
3,966
27,574
14,407
21,260
15,748
$10,470
3,909,055
14,832
27
2,480
1,847
3,282
12,650
$7,449,114
17, 749
57,689
34,189
31,436,
128,041 .
21,103
7,739,321
294
REPORT ON T H E FINANOES.
The classification of ' ' w i r e " and "rolled plate" used by Director
Kimball in his inquiiy of 1885 was ased in the inquiry this 3^ear, but
eliminated from the summary because the returns under it were found
on scrutiny to consist of material already reported under the other
headings, and to use them would cause a duplication. The manufacturers of wire and rolled plate sell their product to the manufacturers
of jewelry, watch cases, etc., and the metal thus turned over in an
unfinished state from one manufacturer to another should not be
counted twice. The table appearing above is believed to be as free
from duplications as it can be made without multiplying the inquiries
to a degree which might make them annoying and thus defeat their
purpose.
The total consumption of gold reported is $23,128,196, but a large
part of this is old material worked over. The amount reported under
the head of '' Native grains and nuggets" has probably never figured
in production tables. The amounts headed " U . S. mint and assay
office b a r s " and " P r i v a t e refinery b a r s " both, and particularly the
latter, include considerable amounts of old material, as m a y b e seen
below.
The quantity and value of the gold and silver bars sold manufacturers and jewelers by the United States Mint at Philadelphia during the
calendar year 1899 were as follows:
VALUE AND COMPOSITION OF BARS MANUFACTURED FOR USE IN THE INDUSTRIAL ARTS
BY THE UNITED STATES M I N T AT PHILADELPHIA DURING THE CALENDAR Y E A R
ENDED DECEMBER 31, 1899.
Bars manufactured.
Gold.
Material used.
Value.
Fine ounces.
Domestic bullion
Jewelry, etc
United States coin
Foreign coin
69,520.894 $1,437,124.41.
86,327.81
4,176.108
23,404.21
1,132.178
.
Total
Silver.
74,829.180
1,546,856.43
Fine ounces. Commercial
value.
13,67L04
51,883.36
208.23
223.69
$8,202.62
31,130.02
124.94
134.21
65,986.32
39,591.79
The quantity and value of the gold and silver bars sold manufacturers and jewelers by the United States assay office at New York during
the calendar year 1899 was as follows:
STATEMENT OP GOLD AND SILVER BARS MANUFACTURED FOR USE IN THE INDUSTRIAL
ARTS BY THE UNITED STATES ASSAY OFFICE AT N E W YORK DURING THE CALENDAR
Y E A R ENDED DECEMBER 31, 1899.
Silver.
Gold.
Material used.
Domestic bullion
United States coin
Foreign material
Old jewelry, etc
Total
Fine ounces.
Value.
Fine ounces. Commercial
value.
538,645.473 $11,134,790.13 5,068,873.81 $3,041,324.28
259.78
155.87
344,349.7i
528,906.11
317,343.66
16,657.918
425,303.71
255,182.23
80,285.352 1,659,645.54
635,588.743 13,138,785.38
6,023,343.41
3,614,006.04
295
DIRECTOR OF THE MINT.
The quantity and value of the gold and silver bars sold to manufacturers and jewelers by the private refineries in the United States during the calendar year 1899 were as follows:
BARS FOR INDUSTRIAL U S E FURNISHED GOLDSMITHS AND OTHERS BY PRIVATE REFINERIES DURING THE CALENDAR Y E A R 1899.
Gold.
Material used.
Fine ounces.
Domestic bullion (exclu.sive of United States
bars)
United States bars . .
United States coin '.
Foreign raaterial
Old plate, jewelry, and other old material —
• Silver.
Value.
Fine ounces. Commercial
value.
33,639
133,194
9,381
27
47,843
4,852,989
1,698,282
$2,911,793
1,018,969
8
1,106,491
5
663,895
224,084
Total
$695,373
2,753,362
193,915
556
989,012
4,632,218
7,657,770
4,594,662
Firms addressed, 81; firms replying, 60; firms manufacturing, 37;
firms not manufacturing, 23.
Of the bars furnished by private refineries to manufacturers and
jewelers for industrial use, $2,753,362 in gold and $2,195,759 in silver
were United States bars—that is, bars bearing the stamp of Government institutions—and in order to avoid duplications these amounts
must be deducted from the totals reported b}^ private refineries.
The following table exhibits the quantity and value of gold and silver
bars sold manufacturers and jewelers by the private refineries in the
United States, after eliminating the ^'United States bars," during the
calendar year 1899:
BARS FOR INDUSTRIAL USE, EXCLUSIVE OF UNITED STATES BARS, FURNISHED GOLDSMITHS AND OTHERS BY PRIVATE REFINERIES DURING THE CALENDAR Y E A R 1899.
Silver.
Gold.
Material used.
Fine ounces.
Domestic bullion
United States c o i n . . . .
Foreign material
Old plate, jewelry, and other old material
Value.
Fine ounces. Commercial
value.
33,639
9,381
27
47,843
4,852,989
$2,911,793
8
1,106,491
5
663,895
90,890
Total
$695,373
193,915
556
989,012
1,878,856
5,959,488
3,575,693
The value of the gold and silver bars sold manufacturers and jewelers
b}^ Government institutions and private refineries was as follows:
GOLD AND SILVER BARS FURNISHED FOR USE IN MANUFACTURES AND THE ARTS DURING
THE CALENDAR Y E A R 1899.
Gold.
Material used.
Domestic bullion
United States coin
Foreign material
Old material
Total
-
-
-
Silver
(Commercial
value).
$13,267,287
217,319
344, 906
2,734,985
$5,961,320
281
317,482
950,207
16,564,497
7,229,290
•
296 .
REPORT ON THE FINANCES.
Comparing these figures of the actual sales of bars by the Government for industrial uses with the figures which have resulted from the
special inquiry, it will be seen that the latter are short. The Government sold during the year $14,685,641.81 in gold bars, and the returns
from consumers show purchases amounting to only $14,259,412.81.
In the returns for private refinery bars used, however, the reports
from consumers show a considerably larger total than the returns from
refiners indicate. The consumers report that they bought $3,832,337
in private refineiy gold bars, while the refineries who regularly report
to the Bureau, show onlj $1,878,856 in such bars sold during the year.
I t is possible that some United States bars sold to private refiners
and b}^ them resold have been reported by consumers as private refineiy
bars. Another reason for the discrepancy lies in the fact that while
the Bureau is believed to have received returns regularl}^ from all the
important refineries which treat ncAV gold, there are in the country a
great many small refineries, some doing an important amount of business, which treat only second-hand material, and that have not reported
their operations to the Bureau. They buy old jewelry, dentists' and
manufacturers' scraps, work it over and resell it. Their product being
from old material their operations do not touch the new supplies of
the metal, and have been in that sense outside the ordinary investigations of this Bureau, although they must be included to obtain a correct
statement of the total annual demand for the precious metals in the-,
industries.
'
'
The original calculation made by this Bureau for the consumption.of
the precious metals in the United States for the year 1899, based on the
bars sold by the Government and reported by refiners, and estimating
the amount of coin as in previous years, was as follows:
INDUSTRIAL CONSUMPTION OP THE PRECIOUS METALS DURING THE CALENDAR YEAR
1899.
Gold.
Material used.
Domestic bullion
United States coin
Foreign material
Old material
.•
Total'
. .
:
-. -
Silver
(commercial
value).
$13,267,287
I,500,000
344,906
2,734,985
$5,961,320
46,406
317,482
950,207
17,847,178
7,275,415
- These figures, reached by the usual methods of the Bureau, were
given to the public and entered into the report of the Secretary of the
Treasury for the fiscal year 1899 before the results of the special
inquiry were available. The results of this inquiry go to show that
the consumption of gold coin was underestimated, the consumption of
silver coin even less than the small estimate, and that there is an
extensive remelting of old material beyond what is ordinarily shown
by the reports of the Bureau. • The latter is not an important revelation, as the Bureau has not attempted in the past to make an accurate
estimatb for this class of consumption. It is something manifestly
impossible to arrive at closely. .
The revised statement below is made up by taking the bars sold by
the Government, the coin reported by consumers, with an estimate to
cover unreported consumption and the old material, foreign material,
and native grains reported by the two above estimates combined.
297
DIRECTOR OF T H E MINT.
INDUSTRIAL CONSUMPTION
OF THE PRECIOUS ' METALS I N THE UNITED STATES
THE CALENDAR Y E A R 1899.
DURING
Silver
(commercial
value).
Material.
Domestic bullion .
Native nuggets . . .
Foreign material .
Old jewelry, etc . .
United States coin
$13,267,287
539,362
545,872
6,414,582
3,500,000
24,267,103
Total
$5,961,320
188,121
418,448
1,164,371
20,259
7,752,519
The results of the special inquiry confirm the past estimates of the
Bureau as to the amount of new bullion annually consumed in the
industrial arts, and demonstrate that the method which it has pursued
of taking the jewelers' bars sold by the Government and private
refiners for the consumption of new bullion is one to be relied on.
GOLD BARS EXCHANGED FOR GOLD COIN AT THE M I N T AT PHILADELPHIA
OFFICE AT N E W YORK DURING THE CALENDAR Y E A R 1899.
Philadelphia. New York
Months.
AND ASSAY
Total.
1899.
$65,000.00
70,000.00
90,000.00
75,000.00
85,000. 00
70,000.00
80,000.00
176,044.54
145,469.69
195,962.68
216,558.91
166,050.01
•
Total
844.37
595.37
795, 536.11
610, 380.50
768, 350.83.
745, 039.48
682, 217.29
758, 379.99
1,016, 713.46
964, 577.99
979, 806.24
597, 017.63
$643,844.37
669,595.37
885,536.11
685,380. 50
853,350. 88
815,039.48
762, 217.29
934,424.53
,162,183.15
., 160,540.67
,196,365.15
763,067.64
1,435,085.83
January
February
March
April
May
June.
Jnly
Augnst
September
October
November
December
9,096,459.31
10,531,545.14
The following table shows the amounts and the classification of gold
and silver used in the industrial arts in the United States each year
since 1880:
GOLD AND SILVER BARS FURNISHED FOR U S E IN MANUFACTURES AND THE ARTS, AND
CLASSIFICATION OF THE MATERIAL USED, BY CALENDAR YEARS, SINCE. 1880.
GOLD.
U n i t e d States N e w m a t e coin.
rial.
C a l e n d a r years.
1880.
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893:'
1894
1895
1896
1897
1898
1899
.
•
.
•
.
." .
.
..
•
Total
Old m a t e rial.
Foreign
bullion a n d
coin.
Total.
$3,300,000
2,700,000
2,500,000
4,875,000
5,000,000
. 3,500,000
3,500,000
3,500,000
3,500,000
3,500,000
3,500,000
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
$1,267,600
$6,000,000
$395,000
. 1,547,800
. 7,000,000
522,900
671,500
7,000,000
696,500
. 7,840,000 ..--1,549,300 . . . 194,500
385, 500
.6,000,000
3,114,500
178,913
6,736,927
1,408,902
638,003
7,003,480
1,928,046
384,122
9,090,342
1,835,882
718,809
9,893,057
2,402,976
291,258
9,686,827
3,218,971
362,062
10,717,472
3,076,426
628,525
10,697,679
4,860,712
771,686
10,588,702
4,468,685
804, 254
8,354,482
2,777,165
543,585
6,430,073
2,184, 946
471,027
8,481,789
2,976,269
316,804
7,209,787
. 2,369,343
613,981
• 7,184,822
2,571,428
437,641
9,463,262
2,164,976
344,906
13,267,287
2,734,985
$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
56,875,000
168,645,989
11,572,476
284,351,377
47,257,912
298
REPORT ON T H E FINANOES.
GOLD AND SILVER BARS FURNISHED FOR U S E IN MANUFACTURES AND THE ARTS, AND
CLASSIFICATION OF THE MATERIAL USED, ETC.—Continued.
SILVER (COINING VALUE).
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
3894
3895
1896
1897
1898
1899
Old m a t e rial.
United States New matecom.
rial.
Calendar years.
-
.
'-'
-
- -
.
- ..
.
Total
. ..
$600,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
200,000
100,000
100,000
IOO, 000
100,000
100,000
100,000
100,000
3,700,000
$5,000,0005,900,000
6,344,300
4,623,700
4,500,000
4,539,875
3,626,195
4,102,734
6,477,857
7,297,933
7,143,635
7,289,073
7,204,210
6,570,737
8,579,472
9,825,387
7,965,449
9,200,497
10,176,784
12,845,942
139,213,780
Foreign
bullion a n d
com.
Total.
•
$145,000
178,000
212,900
561,900
170,000
462,186
404,155
480, 606
652,047
611,015
640,100
858,126
647,377
1,222,836
1,221,177
1,378,136
1,076,829
1,103,460
949,312
2,047,584
$353,000
371,000
440,300
155,000
650,000
62,708
825,615
654,991
771,985
657,997
1,245,419
.1,256,101
1,249,801
1,740,704
982,399
973,501
1,061,995
797,193
632,449
684,137
$6,098,000
6,649,000
7,197,500
5,540,600
5,520,000
5,264,769
5,055,965
5,438,331
8,101,889
8,766,945
9,229,154
9,603,300
9,301,388
9,634,277
10,883,048
12,277,024
10,204,273
11,201,150
11,858,545
15,677,663
15,022,746
15,566,295
173,502,821
EXCHANGE OF GOLD BARS FOR GOLD COIN.
The value of gold bars exchanged for gold coin of full legal weight
by the United States Mint at Philadelphia and the United States assa}^
office at New York during the fiscal year 1900 was 127,103,263.82, as
shown by the following table:
Months.
Philadelphia.
New York.
Total.
1899,
July
August
September
October
November
December
o..
$80,000.00
176,044.54
145,469.69
195,962.68
216,558.91
166,050.01
$682,217.29
758,379.99
1,016,713.46
964,577.99
979,806.24
597,017.63
$762,217.29
934,424.53
1,162,183.15
1,160,540.67
1,196,365.15
763,067.64
246,934.08
145,624.22
191,284.55
191,727.12
I77,09L41
166,789.22
795,572.08
774,484.37
933,199.24
574,872.56
9,110,186.52
7,816,700.02
1,042,506.16
920,108.59
1,124,483.79
766,599.68
9,287,277.93
7,983,489.24
2,099,536.43
25,003,727.39
27,103,263.82
760,000.00
7,742,661.12
!,502,66L12
1900,
January
February
March
April
May
June
;...
Total
Fiscal year 1899
Of the $27,103,263.82 reported as exchanged for gold coin, $15,616,442.92 was exported, while $11,486,820.90 was employed for industrial
purposes.
299
DIRECTOR OF THE MINT.
The following table exhibits the weight and value of the world's
industrial consumption of gold and silver during the calendar yjear
1899:
T H E WORLD'S INDUSTRIAL CONSUMPTION OF GOLD AND SILVER IN 1899.
Gold.
Country.
Austria-Hungary
Belgium
Brazil
England
France
Germany
Italy
Netherlands
Paraguay
Portugal
Russia
Sweden
Switzerland
United States
other countries..
Total
Silver.
Weight.
Value,
Kilograms.
4,302
2,543
750
1,077
22,824
21,600
10,743
5,000
590
3
1,162
4,259
505
6,230
22,739
5,000
$2,859,100
1,690,100
498,400
715,800
15,168,800
14,355,400
7,139,800
3,323,000
392,100
2,000
772,300
2,830,500
335,600
4,140,400
15,112,200
3,323,000
109,327 72,658,500
Weight.
Coining
value.
Commercial
value.
Kilograms.
58,237 $2,420,300
20,000
831,200
$1,123,400
385,800
5,034
209,200
216,650 9,004,000
235,000 9,766,600
150,000 6,234,000
21,000
872,800
9,473
393,700
100
4,200
6,618
275,000
114,733 4,768,300
5,230
217,300
55,000 2,285,800
327,962 13,630,100
50,000 2,078,000
97,100
4,179,200
4,533,200
2,893,500
405,100
182,700
1,900
127,700
2,213,200
100,900
1,061,000
6,326,400
964,500
1,275,037 52,990,500
24,595,600
P R O D U C T O F G O L D A N D S I L V E R I N T H E U N I T E D STATES.
The detailed statistics of the product of gold and silver in the United
States for the calendar year 1899 were presented in a special report to
the Secretary of the Treasury.
The distribution of the product among producing States and Territories was as follows:
APPROXIMATE DISTRIBUTION, BY PRODUCING STATES AND TERRITORIES, OF THE PRODUCT
OF GOLD AND SILVER IN THE UNITED STATES FOR THJE CALENDAR Y E A R 1899, AS
ESTIMATED BY THE DIRECTOR OF THE M I N T .
Gold.
Silver.
state or Territory.
Fine ounces.
Alabama
Alaska
Arizona
California
Colorado
Georgia
Idaho
Maine
Maryland
Michigan
Missouri
Montana
Nevada
New Mexico,.
North Carolina
Oregon
South Carolina
SouthDakota..
Texas
Utah
Vermont
Virginia
Washington . . .
Wyoming
Total . . . .
Value,
Fine ounces.
C»f™g
Total
value.
$4,300
208
264,104 5,459,500
124,133 2,566,100
735,194 15,197,800
1,256,920 25,982,800
113,000
5,466
91,380 1,889,000
3,600
174
800
39
IOO
5
100
5
230,270 4,760,100
107,344 2,219,000
584,100
28,256
34,500
1,669
69,152 1,429,500
160, IOO
7,745
312,962 6,469,500
6,900
334
166,933 3,450,800
100
5
7,100
343
685,400
33,156
29,200
1,413
$129
100
140,100
181,140
1,578,300 2,040,630
824, 300 1,065,762
22,662,900 29,301,527
400
517
3,851,800 4,980,105
500
646
100
129
112,800
145,843
100
129
16,096,000 20,810., 990
843; 400 1,090., 457
650,731
503,300
388
300
173,641
134,300
517
400
188,251
145,600
672,323
520,000
7,093,300 9,171,135
100
266,000
400
129
330,990
517
$4,429
5,640,640
4,606,730
16,263,562
55,284,327
113,517
6,869,105
4,246
929
145, 943
229
25,571,090
3,309,457
1,234,831
34,888
1,603,141
160,617
6,657,751
679,223
12,621,935
100
7,229
1,016,390
29,717
3,437,210
54,764,500
70,806,626
141,860,026
71,053,400
300
REPORT
ON T H E
FINANCES.
The annual production of gold and silver from the mines of the United
States since 1860 is shown in the following table:
(The commercial value of the silver product is reckoned at the average yearly market price of silver and its coining value in United States
dollars.)
PRODUCT OF GOLD AND SILVER FROM M I N E S IN THE UNITED STATES SINCE
1860.
[The estimate for 1860-1872 is by R.W. Raymond, commissioner, and since 1872 by the Bureau of the
Miht.l
Silver.
Gold.
Calendar years. .
Value
Fine ounces.
1860.
1861
1862.
1863
1864
1865
1866
1867.
1868
1869
1870...
1871
1872
2,225,250
2,080,125
1,896,300
1,935,000
• 2,230,088
2,574,759
2,588,063
2,502,197
2,322,000
2,394,563
2,418,750
2,104,313
1,741,500
•
-.
•
Total
.
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
.-..
:.
$46,000,000
43,000,000
39,200,000
40,000,000
46,100,000
53,225,000
53,500,000
51,725,000
48,000,000
49,500,000
50,000,000
43,500,000
36,000,000
29,012,908
.
599,750,000
1,741,500
1,620,563
1,615,725
1,930,162
2,268,788
2,476,800
1,881,787
1,741,500
1,678,612
1,572,187
1,451,250
1,489,950
1,538,325
1,693,125
I,596,375
1,604,841
1,587,000
1,588,880
1,604,841
1,596,375
1,739,323
1,910,813
2,254,760
2,568,132
2,774,935
3,118,398
3,437,210
36,000,000
33,500,000
33,400,000
39,900,000
46,900,000
51,200,000
38,900,000
36,000,000
34,700,000
32,500,000
30,000,000
30,800,000
31,800,000
35,000,000
33,000,000
33,175,000
32,800,000
32,845,000
33,175,000
33,000,000
35,955,000
39,500,000
46,610,000
53,088,000
57,363,000
64,463,000
71,053,000
•
Commercial
value.
Fine ounces.
Coining
value.
$157,000
2,062,000
4,685,000
8,842,000
11,443,000
11,642,000
10,356,000
13,866,000
12,307,000
12,298,000
16,734,000
23,578,000
29,396,000
$150,000
2,000,000
4,500,000
8,500,000
11,000,000
11,250,000
10,000,000
13,500,000
12,000,000
12,000,000
16,000,000
23,000,000
28,750,000
118,065,232
157,366,000
152,650,000
27,650,000
28,849,000
24,518,000
30,009,000
30,783,000
34,960,000
31,550,000
30,320,000
33,260,000
36,200,000
35,730,000
37,800,000
39,910,000
39,440,000
41,260,000
45,780,000
50,000,000
54,500,000
58,330,000
63,^500,000
60„000,000
49,500,000
55,727,000
58,835,000
53,860,000
54,438,000
64,764,000
35,890,000
36,869,000
30,549,000
34,690,000
36,970,000
40,270,000
35,430,000
34,720,000
37,850,000
41,120,000
39,660,000
42,070,000
42,500,000
39,230,000
40,410,000
43,020,000
46,750,000
57,225,000
57,630,000
55,563,000
46,800,000
31,422,000
36,445,000
39,655,000
32,316,000
32,118,000
32,859,000
35,750,000
37,300,000
31,700,000
38,800,000
39,800,000
45,200,000
40,800,000
39,200,000
43,000,000
46,800,000
46,200,000
48,800,000
51,600,000
51,000,000
53,350,000
59,195,000
64,646,000
70,465,000
75,417,000
82,101,000
77,576,000
• 64,000,000
72,051,000
76,069,000
69,637,000
'70,384,000
• '70,806,000
116,015
1,546,875
3,480,469
6,574,219
8,507,812
8,701,171
7,734,375
10,441,406
9,281,250
9,281,250
12,375,000
17,789,062
22,236,328.
.
.•
•
Total
52,082,157
1,076,627,000
1,161,473,000
1,080,031,000
1,501,647,000
G rand total
81,095,065
1,676,377,000
1,279,538,232
1,237,397,000
1,654,297,000
WORLD'S PRODUCTION, 1897, 1898, AND 1899.
The production of gold and silver in the world for the calenaar years
1897, 1898, and 1899 was as follows:
PRODUCT OP GOLD AND SILVER IN THE WORLD.
Calendar years.
1897
1898
1899
.Gold.
$236;073^700
286,586,500
806,584,900
Silver (coining value).
$207,413,000
223,971,500
216,209,100
DIRECTOR OF THE
301
MINT.
Tables compiled from information furnished by foreign governments
through our diplomatic representatives and revised from the latest
data, exhibiting the weight and value of the gold and silver product, of
the principal countries of the world for the calendar years 1897, 1898,
and 1899, will be found in the Appendix.
For the sake of uniformity the value of silver has, as heretofore,
been calculated at its coinage rate, yiz, $1.2929+ per fine ounce.
Thefollowing table shows, by calendar years, the production and
value of gold and silver in the world since 1860:
PRODUCT OF GOLD AND SILVER IN THE WORLD SINCE
1860.
[The annual production of 1860 to 1872 is obtained from 5-year period estiniates, compiled by Dr
Adolph Soetbeer. Since 1872 the estimates are those of the Bureau of the Mint.]
Silver.
Gold.
Calendar years.
Fine ounces.
1860
3861
1862
1863
1864
1865
1866
1867
1868
1869
1870
3871
1872
Total
Commercial
value.
Coining value.
6,486,262
5,949,582
5,949,582
5,949,582
5,949,582
5,949,582
6,270,086
6,270,086
6,270,086
6,270,086
6,270,086
5,591,0.14
5,591,014
$134,083,000
122,989,000
122,989,000
122,989,000
122,989,000
122,989,000
129,614,000
129,614,000
129,614,000
129,614,000
129,614,000
115,577,000
115,577,000
29, 095,428
35,401,972
35,401,972
35,401,972
35,401,972
35,401,972
43,051,583
43,051,583
43,051,583
43,051,583
43,051,583
63,317,014
63,317,014
$39,337,000
46,191,000
47,651,000
47,616,000
47,616,000
47,368,000
57,646,000
57,173,000
57,086,000
57,043,000
57,173,000
83,958,000
83,705,000
1,628,252,000
547,997,231
729,563,000
70S,521,000
4,653,675
4,390,031
4,716,563
5,016,488
5,512,196
5,761,114
5,262,174
5,148,880
4,983,742
4,934,086
4,614,588
4,921,169
5,245,572
5,135,679
5,116,861
5,330,775
5,973,790
5,749,306
6,320,194
7,094,266
7,618,811
• 8,764,362
9,615,190
9,783,914
11,420,068
13,863,620
14,831,039
. . . .
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
Fine ounces.
78,766, 630
-•
:
-.
Value.
96,200,000
90,750,000
97,500,000
103,700,000
113,947,200
119,092,800
108,778,800
106,436,800
103,023,100
101,996,600
95,392,000
101,729,600
108,435,600
106,163,900
105,774,900
110,196,900
123,489,200
118,848,700
130,650,000
146,651,500
157,494,800
181,175,600
198,763, 600
202,251,600
236,073,700
286,586,500
306,584,900
63,267,187
55,300,781
62,261,719
67,753,125
62,679,916
73,385,451
74,383,495
74,795,273
79,020,872
86,472,091
89,175,023
81,567,801
91,609,959
93,297,290
96,123,586
108,827,606
120,213,611
126,095,062
137,170,919
153,151,762
165,472,621
164,610,394
167,500,960
157,061,370
160,421,082
173,227,864
167,224,243
82,120,800
70,674,400
77,578,100
78,322,600
75,278,600
84,540,000
83,532,700
85,640,600
89,925,700
98,232,300
98,984,300
90,785,000
97,518,800
92,793,500
94,031,000
102,185,900
112,414,100
131,937,000
135,500,200
133,404,400
129,119,900
104,493,000
109,545,600
105,859,300
96,252,700
102,204, 600
100,321,100
8],800,000
71,500,000
80,500,000
87,600,00081,040,700
94,882,200
96,172,600
96,705,000
102,168,400
11],802,300
115,297,000
105,461,400
118,445,200
120,626,800
124,281,000
140,706,400
155,427,700
163,032,000
177,352,300
198,014,400
213,944,400
212,829,600
216,566,900
203,069,200
207,413,000
223,971,500
216,209,100
,
$37,618,000
45, 772,000
45, 772,000
45,772,000
45,772 000
45,772,000
55,663,000
55,663,000
55,663 000
55,663,000
55,663,000
81,864,000
81,864,000
Total
181,778,153
3,757,688,300
2,952,071,063
2,663,196,200
3,816,819,100
Grand total
260,544,783
5,385,940,300
3,500,068,294
3,392,759,200
4,525,340,100
WORLD'S COINAGE, 1897, 1898, AND 1899.
In the appendix will be found a table, revised from the latest information received, exhibiting the coinages of the various countries of the
302
REPORT ON T H E FINANCES.
world during the calendar years 1897, 1898, and 1899.
is a summary of the same:
The following
COINAGE OF NATIONS.
1897
1898
1899
Silver.
Gold.
Calendar years.
.
•-
. . . . . .
'
.'$437,722,992
395,477,905
466,110,614
$167,790,006
149,282,936
166,226,964
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 therein named.
It must be borne in mind, however, that the total of these coinages
does not correctly represent the amount of new gold and new silver
made into coins 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.
In the circular letter of inquiry prepared at this Bureau and sent to
foreign governments through theDepartment of State, asking for information on these subjects, it was especially requested that each country
report the amount of such recoinages. This has been done in many
instances, but not in all.
COINAGE OP GOLD AND SILVER OF THE MINTS OF THE WORLD
YEARS SINCE 1873.
Gold.
FOR THE
CALENDAR
Silver.
Calendar years.
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
'.
. . . .•
:
-
.
.
.
.
. . .
Total
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
248,212,216
Fine ounces.
Coining value.
$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
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
$131,544,464
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
166,226,964
5,131,001,935
2,727,246,259
3,526,136,590
Value.
FOREIGN COINS MELTED BY CERTAIN COUNTRIES.
Foreign gold and silver coins melted by the various countries of
the world during the calendar years 1898 and 1899, so far as has been
reported to this Bureau, are exhibited in the table following:
DIKECTOB
OF T H E
303
MINT.
FOREIGN GOLD AND SILVER COINS MELTED BY CERTAIN COUNTRIES, CALENDAR YEARS
1898 AND 1899.
1898.
Countries.
Gold.
United States
Austria-Hungary
Great Britain
Germany
Netherlands
Portugal
liussia
Turkey
Japan
$57,067,064
6,451,347
:
1899.
Silver.
21,860,246
74,804
$27,269
555,069
Gold.
Silver.
$19,131,710
989,895
9,065, 653
202,979
1,350
54,505
1,021,797
Total
•.
85,453,461
786,667
30,263,560
$49,617
11,353
135,413
2,556
105
199,044
RECOINAGES OF THE WORLD.
The following table, compiled from official sources, exhibits approximatel3^the recoinages of gold and silver of the principal countries of the
world for the calendar years 1898 and 1899, so far as thesame have been
reported to this Bureau:
GOLD AND SILVER RECOINAGES REPORTED BY THE PRINCIPAL COUNTR"IES OF THE WORLD
DURING T H E C A L E N D A R Y E A R S 1898 A N D 1899.
1898.
Countries.
UnitedStates
Australia
Austria-Hungary .
Belgium
Costa Rica
Denmark
Egypt...'.
France
,
Great Britain
Germany
,
India (British) —
Italy.
Japan
Netherlands
Norway
Peru
Russia
Spain
Sweden
Turkey
,
Gold.
$1,318,716
2,117
1,862,678
1,872,100
9,979,688
5,729,751
329,128
95,910,618
1899.
Silver.
$7,545,986
81,871
96,500
87,438
7,253,656
1,836,894
3,779,893
1,940,754
536,370
122
166,822
14,809
120,000
1,525
1,261,212
Gold.
Silver.
,381,445
4,317
410,228
$5,502,449
10,226,111
8, 759,700
732,841
4,632,000
2,008,541
4,271,008
4,235,042
71,281
386
276,751
32,964
215,000
1,769,152
14,884,262
1,000
248,330
1,761
48,976,555
].49
83,524
Total.
1,714,057
96,500
10,000
2,433
39,971,156
VALUE OF FOREIGN COINS.
The law requires (section 25, act of August 28, 1894)—
T h a t t h e value of t h e foreign coins as expressed in t h e money of account of t h e
United States shall be t h a t of t h e pure metal of such coin of standard value; and t h e
values of t h e standard coins in circulation of t h e various nations of t h e world shall
be estimated quarterly by t h e Director of t h e Mint, and be proclaimed Iby the Secretary of t h e Treasury immediately after t h e passage of this act and thereafter quarterly
on t h e 1st day of January, April, July, and October in each year.
304
REPORT ON T H E
FINANOES.
In accordance with the foregoing requirement the values of foreign
coins have been estimated and proclaimed as folio AVS:
VALUES OF FOREIGN COINS, JANUARY 1,
Country.
Standard.
Value
in t e r m s
of
United
States
gold
dollar.
Monetary unit.
A r g e n t i n e R e p u b l i c . Gold a n d
silver.
Peso
Austria-Hungary
Gold....
Crow n
.203
Belgium
Gold a n d
silver. •
Silver
Gold
Fran
.193
Boliv i a n o
Milre is
Gold
Dolla r .
BoliAna
Brazil
B r i t i s h Possessions
N. A. ( e x c e p t
Newfoundland).
Central A m e r i c a n
States:
Costa R i c a
Gold
B r i t i s h H o n d u r a s Gold
Guatemala
1
Honduras
1
Nicaragua
[ Silver..
Salvador
I
Chile
Gold
$0,965
Q
.427
.546
. 465
..
.427
Silver: Peso a n d divisions.
.365
Gold: E s c u d o ($1,825), d o u b l o o n
($3,650), a n d c o n d o r ($7,300). Silv e r : Peso a n d divisions.
Amoy
Canton
Chefoo
Chin K i a n g .
Fuchau.:...
Haikwan
(Customs).
Tael H a n k o w —
Hongkong..
Niuchwang.
Ningpo
Shanghai...
Swatow
Takau
Tientsin
Peso
.691
.689
.661
.675
.640
.703
Colombia
Silver
Cuba
Denmark
Ecuador
Gold a n d Peso
silver.
Crow n
Gold
Silver
. Sucre
Egypt
Gold
P o u n d (10 0
p i a sters).
Finland
Gold
Mark
France
Gold a n d
silver.
Gold
Gold
Mark
Poun d sterling . . .
Greece
India
Italy
•
Gold: 2, 5, 10, a n d 20 colons ($9,307)
•Silver: 5, 10, 25, a n d 50 c e n t i m e s .
1.000
Peso
Silver
Haiti....
Gold: A r g e n t i n e ($4,824) a n d i a r g e n t i n e . Silver: Peso a n d d i v i s i o n s .
fGold: F o r m e r system—4
florins
($1,929), 8 florins ($3,858), d u c a t
1 ($2,287), a n d 4 d u c a t s ($9,149). Sil1 v e r : 1 a n d 2 florins.
Gold: P r e s e n t system—20 c r o w n s
[ ($4,052); 10 c r o w n s ($2,026).
Gold: 10 a n d 20 francs. Silver: 5
francs.
Silver: B o l i v i a n o a n d divisions!
Gold: 5, 10, a n d 20 m i l r e i s . Silver:
i, I, a n d 2 m i l r e i s .
Peso
China
German Empire..
GreatBritain
Coins.
1.000
Color 1
Dolla r
1900.
Fran
.647
(a)
.648
.665
.631
.639
.696
.670
.427
.926
Gold: 10 a n d 20 c r o w n s .
Gold: C o n d o r ($9,647) a n d d o u b l e
condor.
Silver: s u c r e a n d divisions.
Gold: P o u n d (100 p i a s t e r s ) , 5, 10, 20,
4.943
a n d 50 piasters. Silver: 1, 2, 5, 10,
a n d 20 piasters.
.193 Gold: 20 m a r k s ($3.859), 10 m a r k s
($1.93).
.193 Gold- 5 10 20 50 a n d 100 francs
Silver: 5 francs.
.238 Gold: 5, 10, a n d 20 raarks.
4.866i Gold: S o v e r e i g n ( p o u n d s t e r l i n g )
a n d i sovereign.
.193 Gold" 5 10 20 50 a n d 100 d r a c h m a s
Silver: 5 d r a c h m a s .
.965 Silver* G o u r d e
.268
.427
Gold a n. d
silver.
Gold a n d
silver.
Silver
Dracli m a
R u p e eb
.203
Gold .a n d
silver.
Lira
.193
Gour( l e
Gold: C o n d o r ($9,647) a n d d o u b l e
c o n d o r . Silver: Peso.
Gold: C e n t e n ($5,017). Silver: Peso.
Gold:
and
Goldver:
Mohur"($7.105). Silver: R u p e e
divisions.
5 10 20 50 a n d 100 lire ftiU
5 lire.
a The "British dollar" has the same legal value as the Mexican dollar in Hongkong, the Straits
Settlements, and Labuan.
b Value of the rupee to be determined by consular certificate.
305
DIRECTOR OF T H E MINT.
VALUE OP FOREIGN COINS, JANUARY 1, 1900—Continued.
Country.
Standard.
Monetary unit.
Value
in terms
of
United
States
gold
dollar.
Japan
Gold
Yen
Liberia
Mexico
Gold
Silver
Dollar
Dollar.
Netherlands
Gold a n d
silver.
Gold
Gold
Silver
Florin
.402
Newfoundland
Norway
Persia
Dollar
Crown
Kran
1.014
.268
.079
Peru
Portugal
Russia....
Silver
Gold
Gold
Sol
Milreis
Ruble
.427
1.080
.515
Spain
Gold a n d
silver.
Gold
Gold a n d
silver.'
Gold
Gold
Peseta
.193
Crown
Franc
.268
.193
Piaster
Peso
.044
1.034
Gold a n d
silver.
Bolivar
.193
Sweden
Switzerland
Turkey
Uruguay.
Venezuela
$0.498
1.000
.464
Coins.
Gold: 5, 10, and 20 yen.
20, and 50 sen.
Silver: 10,
Gold: Dollar ($0,983), 2 i 5, 10, and
20 dollars. Silver: Dollar (or peso)
and divisions.
Gold: 10 florins. Silver: ^, 1, and 2^
florins.
Gold: 2 dollars ($2,027).
Gold: 10 and 20 crowns.
Gold: i, 1, and 2 tomans ($3,409).
Silver: i, i, 1, 2, and 5 krans. .
Silver: Sol and divisions.
Gold: 1, 2, 5, and 10 milreis.
Gold: Imperial, 15 rubles ($7,718),
and i imperial, 7i rubles ($3,859).
Silver: k, h and 1 ruble.
Gold: 25 pesetas. Silver: 5 pesetas.
Gold: 10 and 20 crowns.
Gold: 5, 10, 20, 50, and 100 francs.
Silver, 5 francs.
Gold: 25, 50,100, 250, and 500 piasters.
Gold: Peso. Silver: Peso and divisions.
Gold: 5, 10, 20, 50, and 100 bolivars.
Silver: 5 bolivars.
CHANGES IN THE VALUES OF FOREIGN COINS SINCE 1880.
Value January 1Monetary unit.
Countries.
1881.
Austria-Hungary.
Bolivia
Central American
States.
China
Do
Colombia
Cuba
Ecuador
India
Japan
Mexico
Peru
R u s s i a . •.
Tripoli
Venezuela
Silver florin . . . . .
Silver b o l i v i a n o .
Silver peso
Silver t a e l , S h a n g h a i .
Silver t a e l , H a i k w a n .
Silver peso
Gold peso
1
Silver peso a
Silver r u p e e
Silver y e n
:
Silver d o l l a r
S i l v e r sol
Silver r u b l e
Silver m a h b u b
Gold b o l i v a r
.836
.836
.397
.669
.748
.823
.932
.823
.390
.823
.658
.743
.193
1883.
$0.406
. .823
$0,413
.836
1882.
$0.401
.812
.823
.932
.8-23
.390
.887
.894
.823
.658
.743
.193
1885.
.812
.932
.812
.386
.876
.882
.812
.650
.733
.193
$0.393
.795
.806
.932
.806
.383
.869
.875
.806
.645
.727
.193
Value January 1 Countries.
.795
.932
.795
.378
.858
.864
.795
.636
.717
.193
V a l u e 1890.
Monetary unit.
1887.
Austria-Hungary.
Bolivia
Central American
States.
China
Do
Colombia..
Cuba
Ecuador
India
Japan
Mexico
Peru
Russia
Tripoli
Venezuela
Silver florin
Silver b o l i v i a n o .
Silver peso
Silver tael, S h a n g h a i .
Silver tael, H a i k w a n .
Silver p e s o
Gold peso
Silver peso a .
Silver r u p e e
Silver y e n
Silver d o l l a r
Silver sol
Silver r u b l e
Silver m a h b u b
Gold b o l i v a r
a S i n c e 1887 c a l l e d '' s u c r e . ' '
FI 1900
20
1888.
J a n . 1.
$0.371
.751
$0.359
.727
$0.345
.699
$0.336
.680
.680
$0.345
.698
$0.420
.850
.850
.727
.932
.727
.346
.784
.790
.727
.582
.656
.193
1.033
1.151
.699
.926
.699
.332
.753
.759
.699
.559
.630
6.140
1.005
.751
.932
.751
.357
.810
.816
.751
.601
.677
.193
1.031
1.148
.699
.926
.698
.332
.752
.758
.698
.558
.629
b . 140
1.256
1.400
.850
.926
.860
.404
.917
.923
.850
.680
.767
&.170
.680
.926
.680
.323
.734
.739
.680'
.544
. .614
&.156
b V a l u e of t h e s i l v e r b o l i v a r .
Oct. 1
306
REPORT ON T H E FINANCES.
CHANGES IN THE VALUES OF FOREIGN COINS SINCE 1880—Continued.
Value 1891.
Monetary unit.
Countries.
Austria-Hungary..
Bolivia
Central American
States.
China
Do
Colombia
Cuba
Ecuador
India
Japan
Mexico
Peru
Russia
Tripoli
Venezuela
Silver florin
Silver boliviano
Silver peso
Value 1892.
J a n . l . Apr. 1. July 1. Oct. 1
Jan. 1. Apr. 1,
$0.381
.771
.771
Silver tael, Shanghai
Silver tael, Haikwan
Silver peso
Gold peso
Silver peso a
Silver rupee
Silver yen
Silver dollar
Silver sol
Silver ruble
Silver mahbub
Gold bolivar
.735
.735
$0.363
.736
.736
$0.357
.723
.723
$0.341
.691
.691
.665
.665
1.139
1.270
.771
.926
.771
.366
.831
.837
.771
.617
.695
6.154
i. 085
1.209
.735
.926
.735
.349
.792
.800
.735
.588
.663
6.147
1.087
1.210
.736
.926
.733
.350
.793
.800
.736
.588
.664
6.147
1.068
1.189
.723
.926
.723
.343
.779
.785
.723
.578
.652
6.145
1.021
L137
.691
.926
.691
.328
.745
.750
.691
.553
.623
6.138
1.093
.665
.926
.665
.316
.716
.722
.665
.531
.600
6.133
Value 1892.
Monetary unit.
Countries.
Austria-Hungary.
Bolivia
Central American
States.
China
Do
Colombia
Cuba
•-.
Ecuador
India
•.
Japan
Mexico
Peru
Russia
Tripoli
Venezuela
Silver florin
Silver boliviano
Silver peso
Value 1893.
July 1. Oct. 1. Jan. 1. Apr. 1. July 1. Oct. 1.
$0.320 C$0.203
.649
.616
.649
.616
Silver tael, Shanghai
Silver tael, HaikAvan
Silver peso
Gold peso
Silver peso a
Silver rupee
Silver yen
Silver dollar
Silver sol
Silver ruble
Silver mahbub
Gold bolivar
.958
1.067
.649
.926
.649
.308
.699
.704
.649
.519'
.585
6.130
.910
L013
.616
.926
.616
.293
.664
.669
.616
.492
.555
6.123
.613
• .613
C$0,203
.610
.610
1.203
.604
.604
C$0.203
.531
.531
.906
LOIO
.613
.926
.613
.292
.661
.666
.613
.491
.553
.193
.901
L004
.610
.926
.610
.290
.658
.662
.610
.488
.550
.193
.892
.994
.604
.926
.604
.287
.651
.656
.604
.483
.545
.193
.784
.874
.531
.926
.531
.252
.573
.577
.531
.425
.479
.193
Value 1894.
Monetary unit.
Countries.
Jan. 1.
Bolivia
Central 'American States
China '.
Do
Do
Do
Colombia
Ecuador
India
Japan
Mexico
Peru
,
Russia
Tripoli
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
boliviano
peso
tael, Shanghai.
tael, Haikwan .
tael, Tientsin . .
tael, Chefoo
peso
peso a
rupee
yen
dollar
sol
ruble
mahbub
Apr.l.
Julyl.
1.516
.516
.762
.849
1.465
.465
.686
.765
$0.457
.457
.676
.753
.516
.565
.245
.556
.560
.516
.413
.465
.465
.465
.221
.501
.505
.465
.372
.419
.457
.457
.217
.493
.497
.457
.366
.413
Oct.L
iO.464
.464
.685
.763
.727
.717
.464
.464
.220
.500
.504
.464
.371
.418
Value 1895.
Monetary unit.
Countries.
Bolivia
Central American States . . .
China
Do
Do
Do
Colombia
Ecuador
India
Japan
Mexico
Persia
Peru
Russia
Tripoli.
Jan.l
Silver boliviano
Silver .peso
Silver tael, Shanghai.
Silver tael, Haikwan .
Silver tael, Tientsin . .
Silver tael, Chefoo
Silver peso
Silver peso a
'.
Silver rupee
Silver yen
Silver dollar
Silver kran
Silver sol
Silver ruble
Silver mahbub
a Since 1887 called " sucre."
6 Value of the silver bolivar.
>.455
.455
.673
.749
.714
.704
..455
.455
.216
.491
.495
.455
.364
.411
Apr.l.
1.441
.441
.652
.726
.692
.683
.441
.441
.210
.476
.479
.081
.441
.353
Julyl,
Oct.l.
1.486
.486
.718
.800
.761
.751
.486
.486
.231
.524
.528
.089
.486
.389
.438
c Value of the gold crown.
486
486
718
800
762
752
486
486
231
524
528
090
486
389
DIRECTOR OF T H E MINT.
307
CHANGES IN THE VALUES OF FOREIGN COINS SINCE 1880—Continued.
Value 1896.
Monetary unit.
Countries.
Bolivia
Silver boliviano
Central American States .',.. Silver peso
Chile
Gold and silver peso
Do
Gold peso
China
Silver tael, Amoy
Silver tael. Canton
Do
Silver tael, Chefoo
Do
Silver tael. Chin Kiang
Do.
Silver tael, Haikwan
Do
Silver tael, Hankow
Do
Silver tael, Hongkong
Do
Silver tael, Fuchau
Do
Silver tael, Niuchwang
• Do
Do
Silver tael, Ningpo
Silver tael, Shanghai
Do
Do..
Silver tael, Swatow
Silver tael, Takau .
Do
Silver tael, Tientsin
Do
Colombia
Silver peso
Ecuador
Silver sucre
Iiidia
Silver rupee
Japan
Silver yen
Silver dollar
Mexico
Persia
Silver kran
Peru
Silver sol
Russia
Silver ruble
Tripoli.
Silver mahbub
Jan, 1.
$0,491
.491
• .912
.759
• .808
(a)
Apr. 1.
$0.493
.493
.912
.763
.8i2
(a)
.725
.729
.769
.491
.491
.233
.529
.533
.090
.491
.393
.443
.773
.493
.493
.234
.532
.536
.091
.493
.395
.445
. . . .
July 1.
Oct. 1.
$0.497
.497
$0.490
.490
.365
.805
. 802
.769
.786
.819
.753
(a)
.744
.755
.744
.735
.743
.810
. 780
.497
.497
.236
. 536
. 540
.092
.497
.398
. 449
.365
.793
.790
.,758
.774
.806
.742
(a)
.733
.743
.762
.724
.732
.798
.768
.490
.490
.233
.528
.532
.090
.490
.392
.442
V a l u e 1897.
Monetary unit.
Countries.
Bolivia
Central A m e r i c a n States .
China
Do
Do
Do
Do
Do
Do
Do
Do
Do.Do
Do
Do
DoColombia
Ecuador
India
.Japan
Do
Mexico
Persia
Peru
Russia
Do
Apr.l.
Silver boliviano
S i l v e r peso
Silver t a e l , A m o y
Silver tael, Canton
S i l v e r t a e l , Chefoo
Silver t a e l . C h i n K i a n g .
Silver t a e l , F u c h a u
Silver tael, H a i k w a n . . .
Silver t a e l , H a n k o w
Silver t a e l , H o n g k o n g . .
Silver t a e l , N i u c h w a n g .
Silver t a e l , N i n g p o
Silver t a e l , S h a n g h a i . . .
Silver tael, Swatow
Silver tael, T a k a u
Silver t a e l , T i e n t s i n
Silver peso
£
Silver sucre
Silver r u p e e
Silver y e n
Gold y e n
Silver d o l l a r
Silver k r a n
S i l v e r sol
Silver ruble
Gold ruble
$0.474
.474
.767
.765
.733
.749
.709
.780
.717
(a)
.7.19
.IBl
.700
.708
.772
. 743
. .474
.474
.225
0.511
.468
.757
.755
.724
.739
.700
.770
.708
(a)
.710
.728
.691
.699
.762
.734
.468
.468
.222
0.505
.515
.087
.474
.379
.508
.086
.468
.374
Julyl.
$0,443
.443
.717
.715
.686
.700
.663
.730
.671
(a)
.672
.689
.655
.662
.722
.695
.443
.443
.211
0.478
.482
.082
.443
Oct.L
;0.412
.412
.666
.664
.637
.651'
.616
.678"
.623
(a)
.625
.640
.608
.615
.670
.646
.412
.412
.196
0.498
.447
.076
.412
.772
a T h e " B r i t i s h d o l l a r " h a s t h e same legal value as t h e Mexican dollar i n Hongkong, t h e Straits
Settlement, a n d Labuan.
308
REPORT ON T H E FINANCES.
CHANGES IN THE VALUES OF FOREIGN COINS SINCE 1880—Continued.
V a l u e 1898.
Monetary unit.
Counties.
Bolivia
Central American States
China
Do
Do
Do
Do
Do
..:
Do.
Do
...:
Do
Do
Do
:
Do
Do
Do
. .
Colombia
Ecuador
•....
India.....:...
Mexico
Persia . .
Peru
Russia
J a n . 1.
Silver b o l i v i a n o
Silver peso
Silver t a e l , A m o y
Silver t a e l , C a n t o n
Silver tael, Chefoo
Silver t a e l . C h i n K i a n g
Silver t a e l , F u c h a u .
Silver t a e l , H a i k w a n
Silver t a e l , H a n k o w
Silver t a e l , H o n g k o H g
Silver t a e l , N i u c h w a n g
Silver t a e l , N i n g p o
Silver t a e l , S h a n g h a i
Silver t a e l , S w a t o w
Silver t a e l , T a k a u
Silver t a e l , T i e n t s i n
Silver p e s o
Silver s u c r e
Silver rupee
Silver d o l l a r
Silver k r a n
Silver sol
Gold r u b l e
^
..
$0.424
.424
.685
.683
.655
,669
.634
,697
.641
(a)
.643
,659
,626
.633
.690
.664
.424
.424
.201
.460
.078
.424
.772'
Apr.l.
$0.409 .
,409
.662
,660
,633
,646
.612
,673
,619
(a)
.620
.636
.604
.611
.666
.641
.409
.409
.194
.444
.075
.409
.515
J u l y 1.
$0.418
.418
.676
.674
.646
.660
.625
.688
,632
(a)
.634
.650
.617
. 624
,680
.655
.418
.418
,199
,454
,077
,418
Oct. 1,
$0.436
.436
,706
,704
,675
,690
.653
.718
,660
(a)
.662
.679
.645
.652
.710
.684
. . 436
.436
.207
.474
.080
,436
V a l u e 1899.
Countries.
Monetary unit.
J a n . 1.
Bolivia
Central A m e r i c a n States
China
Do
Do
Do
Do
Do
Do. . . . . .
Do
Do
Do
Do
Do
Do
Do
..
Colombia
Ecuador.
India
Mexico
P e r s i a '.
Peru..
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Siiver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
boliviano
peso
tael Amoy
tael. Canton .
t a e l , Chefoo
tael. Chin K i a n g
tael, F u c h a u . . . '
tael, H a i k w a n . .
tael H a n k o w '
tael, H o n g k o n g . . ^...
tael, N i u c h w a n g . . . . . . . .
tael, Ningpo
tael, S h a n g h a i
tael, Swatow
tael, T a k a u
tael Tientsin
peso
sucre
rupee
. ..
dollar
kran
sol
$0,439
.439
.710
.708
.679
.693
.656
,722
.664
(a)
,665
,682
,648
,655
.714
.688
.439
,439
,208
,477
.081
.439
A p r , 1.
$0,434
,434
,702
,700
.672
.686
,650
,714
.657
(a)
.659
,675
.641
,649
,707
.680
,434
.434
.206
.472
. ,080
.434
J u l y 1,
$0.443
.443
.716
,714
.684
.699
.662
.728
.670
(a)
.671
.688
.654
.661
.720
.694
.443
.443
.210
.481
.082
,443
Oct.l.
$0.436
,436
.705
.703
.674
.689
.652
.718
,660
(a)
.661
.678
.644
.651
.710
.683
.436
.436
.207
.474
.080
.436
V a l u e 1900,
Countries.
Monetary unit.
J a n . 1.
Bolivia
Silver b o l i v i a n o
Central A m e r i c a n States
Silver p e s o
China
Silver t a e l , A m o y
Do.
Silver t a e l , C a n t o n
Silver t a e l , C h e f o o . . . .
Do
Do . . Silver t a e l , C h i n K i a n g
Do
Silver t a e l , F u c h a u . . .
Do
Silver t a e l , H a i k w a n ( c u s t o m s )
Do
Silver t a e l , H a n k o w
Silver t a e l H o n g k o n g
Do .
Do
Silver t a e l , N i u c h w a n g
Do
Silver t a e l , N i n g p o
Do
Silver t a e l , S h a n g h a i
Do
•-. .
Silver t a e l S w a t o w
Do
Silver t a e l , T a k a u
Do
Silver t a e l , T i e n t s i n
Colombia
Silver peso
Ecuador
..
Silver sucre
India
-... Silver r u p e e
Mexico
Silver d o l l a r
Persia
Silver k r a n
Peru
Silver sol
$0,427
.427
.691
.689
.661
,675
.640
,703
.647
(a)
,648
.665
,631
. .639.
.696
.670
.427
.427
.203
.464
.079
.427
Apr.l.
$0,436
,436
.705
.703
,674
.688
.652
.717
,659
(a)
,661
,677
,644
.651
.709
.683
,436
,436
.207
.473
:080
,436
J u l y 1,
$0.438
.438
.709
.707
.678
.693
.656
. 721
.663
(a)
.665
.682
.648
,655
,714
.687
.438
• ,438
,208
,476
,081
.438
Oct. 1.
$0.451
.451
.729
.727
697
712
674
742
682
(a)
.684
701
.666
674
.734
707
.451
451
.324
490
.083
487
a T h e "British dollar" has the same legal value as the Mexican dollar in Hongkong, the Straits
Settlements,
and Labuan.
309
DIRECTOR OF THE MINT.
LABORATORY OF T H E BUREAU OF TPIE MINT.
During the calendar year 1899 there were tested by the assayer of
this Bureau 506 gold and 1,192 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 0.0004, while the greatest deviation below was 0.0005.
The greatest deviation of silver coin above standard (the limit being
0.003 above or below) was 0.0018, while the greatest deviation below
was 0.0017.
The following tables show the number of pieces assayed at the
Bureau and by the Annual Assay Commission, and the average fineness,
also the total number assayed from each mint, with the average fineness for the year:
NUMBER AND AVERAGE FINENESS OF GOLD AND SILVER COINS OF THE UNITED
TESTED AT THE BUREAU OF THE M I N T DURING THE YEAR
1899.
New Orleans.
San F r a n c i s c o .
January
February
March ..
April
May
J u n e . . ..
July
August
September
October
November
December
A v e r a g e fineness.
SilGold. ver,
Months.
N u m b e r of
pieces.
Gold.
28
26
30
18
14
12
26
: 30
26
24
28
28
14
12
22
28
28
32
:l
20
12
18
10
A v e r a g e . . 24,1 17.6
212
Total
290
N u m b e r of
pieces.
SilSilver. Gold. ver.
899.83
899.95
899.87
899.77
899.84
899.74
899. 93
899.87
899.81
899.78
899.79
899.93
899.35
899.99
899.83
899. 67
899.85
899. 78
899.66
900.05
899.40
899. 96
899.53
899.87
899.84
899.75
6
1.3
16
Philadelphia.
A v e r a g e fineness.
Gold.
899,87
N u m b e r oi A v e r a g e finepieces.
nesSo
Silver. Gold. Silver,
899.61
32
899.97
30
899.63
28
899.71
34
899.24
36
899.33
48
899. 63
24
64 "899.'%' 899.47
60 899.75 898.81
898.80
56
899.32
54
38 '899.'92' 899.90
42
504
899.45
28
20
18
30
16
26
12
16
10
2
12
10
16,6 39.6
200
476
Silver,
899.98
900.04
900.09
900.02
900.06
900.06
900.01
900
900.04
899.90
899.99
900.02
4
6
32
30
44
40
24
60
56
76
64
40
Gold.
900,65
899,82
900 34
900 08
900.05
899.95
900,11
900,09
900.13
900.40
900.51
900.52
900.01
900.18
NUMBER AND AVERAGE FINENESS OF GOLD AND SILVER COINS OF THE UNITED
TESTED BY THE ANNUAL ASSAY COMMISSION OF 1899.
N e w Orleans.
San Francisco.
Months.
N u m b e r of
pieces.
Gold.
Sil-
A v e r a g e fineness.
Gold,
1899.
January ...
February ..
March
899.7
April
900.1
May
900
June
July
August
899.7
899.7
899.6
September .
899.6
October
899.6
November .
899.6
December..
899.7
Average.
Total
Mass m e l t
1.91
23
N u m b e r of
pieces.
Silver. Gold
Sil-
.3
.2
f899.8
.1
.1
.1
/898.4
\900.9
/900.4
1899.3
r900
898.9
r899. 3
1900.4
[900.2
.4
.6
[900
.6
[900
f900.4
1900.2
899.69
899.5
"m.b
'966.*2'
N u m b e r of
pieces,
2
900
2
900.2
2
900.2
2
899.8
899.6
899.6
2
1
898.6
2
899.3
1
899.3
2
899.6
899.6
2
900,2
i899.5
1899.7
899.6
2
899.71
L83
22
"906.'2'
A v e r a g e fineness.
Sil-
Silver.
900.2
1899.1
STATES
Philadelphia.
A v e r a g e fineness.
Gold.
STATES
2
r900.2
i900
[900.1
1 1900.3
[900
1 [899.9
[900
1
.9
.5
1 [900.3
[900
1
.7
1 "900
/.900. 3
1 1900
r900.3
1 1900.3
900
1
/900.1
1899. 9
1
r899. 8
2 1899.6
1
900.3
900.2
900.4
900,4
900
900
900,2
900.2
900,4
900,7
901,6
902,5
900.7
900
13
900,58
"966'
' '906.'4
310
REPORT ON T H E FINANOES.
PROCEEDINGS OF T H E ASSAY COMMISSION OF 1900.
The following commissioners were appointed by the President, under
the provisions of section 3547 of the Revised Statutes, to test the weight
and fineness of the gold and silver coins of the coinage of the calendar
year 1899 reserved for that purpose by the coinage mints, viz:
Hon. John P. Jones, United States Senate; Hon. E. J. Hill, House
of Representatives; Dr. H. S. Pritchett, Washington, D . C ; Prof.
S. A. Lattimore, Rochester, N. Y.; Prof. H. H. Nicholson, Lincoln,
Nebr.; Dr. John A. Mathews, New York, N. Y.; Dr. Cabell Whitehead, Washington, D. C ; Mr. Calvin Cobb, Boise, Idaho; Dr. Marcus
Benjamin, Washington, D. C ; Mr. Thomas B. Miller, Helena, Mont.;
Mr. Edward W. Harden, New York, N. Y.; Mr. E. H. Rich, Fort
Dodge, Iowa; Mr. Francis Beidler, Chicago, 111.; Hon. John H. Perry,
Southport, Conn.
REPORT OF THE COMMITTEE ON COUNTING.
,
FEBRUARY 14,
1900.
To the Board of Assay Commissioners of 1900.
GENTLEMEN: The committee on counting respectfully submit the following report:
The sealed packages reserved by the several mints for the annual trial of coins, in
accordance with section 3539, Revised Statutes, were delivered to us by the superintendent of the United States mint at Philadelphia, and by us compared with, the
records kept by the Director of the Mint of transcripts, sent him by the superintendents
of the several mints.
The number of each, delivery, together with the pieces contained in said packages,
were found to correspond with said record except as hereinafter noted.
I n the delivery of eagles at the mint at Philadelphia of August 18, 1899, 81 pieces
were received, being 40 pieces in excess of the number required, as indicated by the
transcript furnished the Director of the Mint.
From these packages t h e committees on weighing and assaying each selected such
number of gold and silver coins of the different denominations coined at each mint
deemed by them necessary for the examination and test to be made by them,
respectively.
The coins remaining in the packages—the open packages having indorsed thereon
the number taken from each, of which a record was kept—were then dehvered to the
superintendent of t h e mint at Philadelphia.
The quantities of coin reserved at the several mints for the purposes of the commission were as follows:
(1) Gold coins from the mint at Philadelphia, 4,720 in number, of the value of
155,290.
(2) Silver coins from the mint at Philadelphia, 19,052 in number, of the value of
• 14,113.90. There were also reserved from the special delivery of 50,026 Lafayette
dollars, 26 pieces.
(3) Gold coins from the mint at San Francisco, 4,400 in number, of the value of
$56,395.
(4) Silver coins from the mint at San Francisco, 3,415 in number, of the value of
11,885.10.
(5) Gold coins from the mint at New Oiieans, 38 in number, of the value of $380.
(6) Silver coins from the mint at New Orleans, 9,654 in number, of the value of
$7,039.
I n all, 41,279 pieces, of the aggregate value of $125,103, as set forth in detail on a
subsequent page.
The verification of the packages containing the reserved coins being completed, the
committees on weighing and assaying selected such coins as were required. I n the
report of those committees will be found an accountof the disposition of these coins.
REPORT OF T H E COMMITTEE ON ASSAYING.
PHILADELPHIA, P A . , Fehruary 15, 1900.
To the Board of Assay Commissioners.
GENTLEMEN: I n compliance with section 3547 of the Revised Statutes we have
taken samples of the coins reserved from time to time at the United States mints at
.Philadelphia, San Francisco, and New Orleans for assay.
DIRECTOR OF THE MINT.
311
These samples represent the various deliveries made by the coiners to the superintendents of the several mints during the calendar year 1899.
The results of the assays made of the individual coins a,nd of the same in mass are
given in the following schedules.
From these it will be seen that the greatest excess in the assay value of the gold
coinage above standard at the different mints (the limit of tolerance being one-thousandth) is at—
Philadelphia
San Francisco
New Orleans
900.3
900.1
None.
The greatest deficiency below standard (the limit of tolerance being one-thousandth) is at—
Philadelphia
San Francisco
New Orleans
.-
899.5
899.4
899.4
The greatest excess in silver coins above standard (the limit of tolerance being
three-thousandths) is at—
Philadelphia
San Francisco
New Orleans
.'
,.
902.5
900.9
900.4
The greatest deficiency below standard (the limit of tolerance being three-thousandths) is at—
Philadelphia
San Francisco
New Orleans
None.
898.4
898.6
The assay committee also tested the quartation silver and found it to contain a
mere trace of gold, and the lead used in the assay of the gold bullion and found it
also to contain a trace of gold and silver. In the judgment of the committee, the
amounts present were not enough to impair the accuracy of the assay.
The acid used in the humid assay of silver was found to be free from silver and
also from chlorine.
The balances used were also tested and found to be correct.
The committee, therefore, deem the assays exhibited in the accompa,nying schedule to be entirely trustworthy.
REPORT OF T H E COMMITTEE ON WEIGHING.
FEBRUARY 16,
1900.
To the Board of Assay Commissioners.
GENTLEMEN: The committee on weighing respectfully report that they have examined sample coins, selected at random from those reserved by the various mints, as
follows:
Mint at Philadelphia.
27 gold coins, all of which were weighed in mass.
64 silver coins, all of which were weighed in mass.
Mint at San Francisco.
29 gold coins, all of which were weighed in mass.
46 silver coins, all of which were weighed in mass.
.
.
Mint at New Orleans,
20 gold coins, all of which were weighed in mass.
71 silver coins, all of which were weighed in mass.
The weighing of the single pieces was made with a balance by Troemner, of Philadelphia, and the weights employed were furnished under seal by the superintendent
of the United States Bureau of Weights and Measures, and were certified by him as
being of the true standard of weight as fixed by law and as being correctly related to
the Troy pound of 1827.
The mass weighings were made upon the large Saxton balance of the mint.
The committee examined the weights ordinarily employed in the mint and found
them to be in accordance with the usual interpretation of the standard prescribed
by law.
312
REPORT ON T H E FINANCES.
The details of t h e weighings, as shown in t h e following tables, indicate b u t slight
deviation from t h e statutory standard weights, and t h e coins examined were all
within the legal tolerance. On account of t h e fact that at each mint changes occurred
in t h e ofl&cers responsible for t h e coinage, t h e detailed statements which follow are
arranged in t h e case of each mint in two separate exhibits, corresponding to t h e
periods of service of the two sets of officials.
The committee on weighing pronounces t h e examination of t h e weights of t h e
coinage of the several mints during t h e year 1899 to be satisfactory.
On motion of Dr. Benjamin, it was—
Resolvedj That t h e Assay Commission having examined and tested t h e reserved
coins of t h e several mints of t h e United States for t h e year 1898, and it appearing
that these coins do not differ from t h e standard fineness and weight by a greater
quantity than is allowed by law, t h e trial is considered and hereby reported as satisfactory.
On.motion of Mr. Cobb, it was—
Resolved, That t h e members of t h e Assay Commission record their sincere appreciation of t h e courtesy and attention received from t h e Director of t h e Mint, t h e
superintendent of t h e mint at Philadelphia,, and t h e officials connected therewith
during t h e session of t h e commission just closing, and tender their most cordial
thanks.
On motion of Mr. Perry it was—
Resolved, That the Assay Commission recommends that t h e Director of t h e Mint
hereafter furnish to each Assay Commission for its purposes a sample of fine gold
prepared in his own office, and a similar sample procured by him under seal and certificate from t h e English mint, which last-mentioned sample shall be accompanied
by the original certificate and shall have its seal unbroken.
On motion t h e committee adjourned sine die.
MINT OF THE UNITED STATES AT PHILADELPHIA.
HENRY K . BOYER, Superintendent.
The following table shows by weight and value the gold and silver
deposited at the mint at Philadelphia during the fiscal year ended June
30, 1900:
Metal.
Gold
Silver
, Total-
.
Standard
ounces.
3,127,453.830
3,534,948.61
Coinage value.
m , 185,187.53
4,113,394.75
62,-298,582.28
There were also exchanged, for the purpose of subsidiary coinage,
401,875 standard ounces of silver bullion, of the cost value of
$397,218.75, and charged to the mint at San Francisco in exchange for
silver bullion purchased under the act of July 14, 1890, of the cost
value of $327,180.07, and 522,437.50 standard ounces, of the cost value
of $460,088.36, and charged to the mint at New Orleans in exchange
for silver bullion purchased under the act of July 14,1890, of the cost
valueof $425,421.02.
There were 689,906.46 standard ounces of silver bullion, costing
$561,801.43, purchased under the act of July 14, 1890, charged to the
New York assay office in exchange for silver bullion purchased for
subsidiary coinage purposes, of the cost value of $592,517.20.
During the year ten large transfers of silver bullion, aggregating
13,252,566.46 standard ounces, of the cost value of $10,791,748.78,
purchased under the act of July 14, 1890, were made to the mint at
New Orleans, and three large transfers of silver bullion, aggregating
313
DIRECTOR OF THE MINT.
3,841,780.55 standard ounces, of the cost value of $3,128,415.89, purchased under the act of July 14, 1890, were made to the mint at San
Francisco.
There were transferred to J. & W. Seligman & Co., New York,
>
1,426,255.39 standard ounces, costing $1,161,428.77, of silver bullion
purchased under the act of July 14, 1890, in exchange for like weight
of silver bullion deposited by them at the mint at San Francisco.
There were transferred from the Treasury fbr recoinage during the
year 43,426 pieces of worn and uncurrent domestic gold coin, having
a face value of $403,210.50, containing 21,515.720 standard ounces, of
the coining value of $400,292.47, showing a loss of $2,918.03, and
19,606,575 pieces of uncurrent domestic silver coin, of the face value of
$4,326,897.65, containing 3,281,238.56 standard ounces, having a coining value of $3,818,168.51 in standard silver dollars, or $4,082,411.89
in subsidiary silver coin, which shows a loss of $244,485.76.
There were also received over the counter 31,390 pieces of uncurrent gold coin, of the face value of $219,963, containing 11,727.893
standard ounces, of the coining value of $218,193.35, showing a loss of
$1,769.65, and 10,556 pieces of uncurrent domestic silver coin, of the
face value of $3,235.22, containing 2,614.20 standard ounces, having a
coining value of $3,041.98 in standard silver dollars, or $3,252.50 in
subsidiary silver coin.
DENOMINATIONS AND AMOUNTS OF UNCURRENT GOLD AND SILVER COINS TRANSFERRED
FROM THE TREASURY AND RECEIVED OVER THE COUNTER AT THE M I N T AT PHILADELPHIA.
GOLD COINS.
Received over Transferred
the counter from Treasury
(nominal
(nominal
value).
value).
Denominations.
Double eagles.
Eagles
Half eagles
Quarter eagles
3-dollar pieces
I-dollar pieces
861,380.00
50,910.00
100,205.00
7,025.00
96.00
347.00
S187,860.00
96,950.00
115,155.00
3,217.50
12.00
16.00
Total....
219,963.00
403,210.50
SILVER COINS.
Lafayette dollars
Trade dollars
Dollars
Half dollars
Quarter dollars ......
Twenty-cent pieces.
Dimes
Half dimes
Three-cent pieces...
Total.
%26. 00
248.00
974.00
898.50
626.00
430.30
28.25
4.17
$1,692,783.00
.1,691,051.75
611.00
939,838.30
2,381.70
231,90
4,326, 897.65
There were deposited unrefined foreign gold bullion containing
20,152.718 standard ounces, of the coining value of $374,934.29, and
8,704.42 standard ounces of unrefined foreign silver bullion, of the
314
REPORT ON T H E FINANCES.
coining value of $10,128.78, from various countries, as shown b}^ the
following table:
DEPOSITS OF UNREFINED FOREIGN GOLD AND SILVER BULLION, FISCAL Y E A R 1900.
Gold.
Countries.
Standard
ounces.
Canada:
British Columbia
Northwest Territory..
Ontario and Quebec ..
Mexico
United States of Colombia
Nova Scotia
Honduras
New Zealand
Japan
Unknown
Silver.
Standard
ounces.
Value.
Coining
value.
131.216
4,617.702
42.258
2,181.981
6.242
68.971
24.946
12.314
5.964
13,061.124
24.00
1,113.14
11.01
6,182.59
1.01
9.94
6.48
,30
,04
1,355.91
$21.93
1,295.29
12.81
7,194.29
1.17
11,56
7,54
.35
,05
1,577.79
20,152.718
Total
S2,441.23
85,910.73
786.19
40,595.00
116.13
1,283.18
464.11
229.10
110. 96
242,997.66
374,934.29
8,704.42
10,128.78
There were no deposits of refined foreign bullion during the year.
Foreign gold anct silver coins of various countries were received
containing in gold 67.066 standard ounces, of the coining value of
$1,247.74, and in silver 29.50 standard ounces, of the coining value of
$34.33, as shown by the following table:
Foreig n coin.
Countries.
Great Britain
Germany
Mixed .
Gold.
...
. . .
.
.
Silver.
Standard
ounces.
2.611
,120
64.335
Standard
ounces.
29.50
67.066
Total
29.50
Unrefined gold and silver, products of the various States and Territories of the United States, were deposited at the mint during the
fiscal year, aggregating 5,309.393 standard ounces of gold, having a
coining value of $98,77.9.40, and 5,944.87 standard ounces of silver,
having a coining value of $6,917.66, as shown by the following table:
GOLD AND SILVER OF DOMESTIC PRODUCTION DEPOSITED DURING THE FI-SCAL Y E A R 1900.
Gold.
Localities.
-Alabama
...
Alaska
Arizona
California
Colorado
Georgia
Idaho
Indiana
Kansas....
Maryland
Michigan
Montana
New Mexico..
North Carolina
Oregon
South Carolina
South Dakota.
Virginia
Washington
Wyoming
other States
Total
Standard
ounces.
Silver.
Coinage
value.
3.503
28.806
68.164
49.209
83.061
1,056.292
128.577
4.482
3.726
30.581
. 042
2,144.352
50.000
625. 394
183. 689
15.982
357.184
300.097
17.054
29.805
129.393
$6b. 17
535.93
1,268.17
915.52
1,545.32
19, 651. 94
2,392.13
83.39
69.32
568.95
.78
39,894.92
930.23
11,635.24
3,417.47
297.34
6,645.28
5,583.20
317.28
554. 51
2,407.31
5,309.393
1,779.40
Standard
ounces.
Coinage
value.
2.20
3.04
22. 95
5.83
17.44
110.39
35.13
,37
. ,21
1.38
966.66
3,536.98.
22.03
1,098.33
8.93
7.91
26.51
23.42
5.67
4.52
44.97
S2.56
3.54
26.70
6.78
20.29
128.45
40.88
.43
.25
1. 61
1,124.84
4,115.76
25.63
1,278.06
10.39
9.20
30.85
27.25
6. 60
5.26
52.33
5,944.87
6,917.66
315
DIRECTOR OF T H E MINT.
The redeposits during the fiscal year 1900 aggregated 3,030,632.559
standard ounces of gold, of the coining value of $56,383,861.56, and
148,733.43 standard ounces of silver, of the value of $173,071.63, as
shown by the following tables:
REDEPOSITS OF GOLD BULLION.
Institution at vvhich manufactured.
Philadelphia (counter purchase)
New York
Denver
Boise
Helena
Charlotte
St. Louis
Deadwood
Seattle (counter purchase)
.
Unparted bars.
. . 1'
•
Fine bars.
Mint bars.
Standard ozs.
3.553
Standard ozs.
Standard ozs.
620,512. 625
89;356. 798
106,589.920
14,336.400
6,781.720
15,153.334
29. 336
'-
Total
852,763. 686
i,ies,799.680
289,736.518
719,332.675
1,458,536.198
719,332.675
This amount includes 1,888,132.355 standard ounces of gold, of the
coining value of $35,128,043.81, transferred from the assay office at
New York for coinage.
REDEPOSITS OF SILVER BULLION.
Institution at which manufactured.
Fine bars.
Standard ozs.
6.78
Philadelphia (counter purchase)
New York
Denver
Boise
Helena
.
Charlotte
St Louis
Dead wood
Seattle (counter purchase)
Unparted bars.
Standard ozs.
82,331.82
28,344.55
33,139.87
1,104.95
1,049.19
2,277.66
2.48
...
Total
148,257.30
..
476.13
476.13
Fine gold bars for use in the industrial arts of the value of
$2,099,536.43, weighing 112,850,080 standard ounces, were exchanged
for gold coins during the fiscal year.
MINOR COINS.
Minor coins of the face value of $158,801 were received on transfer
orders and melted for recoinage during the year. There were no
minor coins transferred for reissue.
Bronze and nickel blanks for minor coinage purposes were purchased
as follows:
Pounds
avoirdupois.
Character.
Bronze 1-cent blanks. '.
Nickel 5-cent blanks
Total
.
-
..' .
..........
.
490,000
320,000
810,000 -
Cost.
^135,743.00
]66,931.00
302,674.00
316
REPORT ON T H E FINANCES.
The amount of uncurrent copper, nickel, arid bronze coins transferred from the Treasury during the year for conversion into current
coins, cost and seigniorage, is shown by the following table:
MINOR COINS FOR RECOINAGE, FISCAL YEAR
Uncurrent coin transferred from United States Treasury:
Old copper cents
Nickel 1-cent coins
Bronze 1-cent coins
:
Bronze 2-cent coins
Nickel 3-cent coins
Nickel 5-cent coins
1900.
S112.00
1,393.00
12,280.00
258.00
1,173.00
143,585.00
-
-
Total
158,801.00
Cost of pure nickel added to nickel 1-cent metal to convert it into nickel 5-cent alloy for
recoinage into nickel 5-cent coin
.. Cost of tin and zinc added to old copper cent metal to convert it into bronze 1-cent alloy for
recoinage into bronze 1-cent coin
Cost of metal of same alloy added to nickel 3-cent metal for recoinage into nickel 5-cent
coin
Seigniorage (gain by recoinage)
i\
Total
75.11
4.24
28.52
5,988.63
164,897.50
Coinage executed, nominal value:
Bronze 1-cent coin
Nickel 5-cent coin
$12,275.02
144,036,65
Wastage (loss by recoinage)
Total.
156,3n,67
8,585,83
' . . . . . 164,897,50
The total minor coinage for the year in nickel 5-cent coins was
$1,537,499.60 and in bronze 1-cent coins $705,517.61; of these amounts
$144,036.65 in nickel coins and $12,275.02 in bronze coins were
recoinage.
The seigniorage or gain on this recoinage was $5,988.63 as against
a wastage or loss of $8,585.83, showing a net wastage of $2,597.20.
The seigniorage on the coinage of nickel and bronze coins coined
from new material purchased during the year was $1,794,633.04, which,
less a net wastage on the recoinage of minor coin, gives a total seigniorage on minor coinage of $1,792,035.84 for the 5^ear.
The total amount of the several types of minor coin manufactured
from 1793, when the first coinage of copper cents was made, until eTune
30, 1900, aggregated $33,492,028.76. From the records of the mint
at Philadelphia, to which that coinage has been assigned by law, it
appears that there have been melted for recoinage $3,330,167.65, leaving outstanding June 30, 1900, $30,161,861.11.
The several types and denominations of minor coins issued manufactured by the mint at Philadelphia since its establishment, the amount
remelted, and the amount outstanding June 30,1900, is set forth in the
following table:
TYPES OF MINOR COINS ISSUED.
Denominations.
Copper cents
Copper half cents
Copper nickel c e n t s .
Bronze cents
- Bronze 2-cent pieces.
Nickel 3-cent pieces.
Nickel 5-cent pieces.
Total
:.
Coined,
Remelted,
Outstanding
June 30,1900,
$1,562,887.44
39,926.11
2,007,720.00
10,072,408.59
912,020.00
905,768.52
17,991,298.10
794,652,11
124,158.64
336,936.72
275,269.36
1,419,914.60
$1,183,651.22
39,926.11
1,213,067.89
9,948,249.95
575,083.28
630,499.16
16,571,383.50
33,492,028.76
3,330,167.65
30,161,861.11
$379,236,22
31-7
DIRECTOR OF THE MINT.
Minor coins to the amount of $2,147,487.21 have been distributed
throughout the States and Territories of the United States during the
fiscal year 1900—$! ,427,969.60 in nickel five-cent pieces and $719,517.61
in bronze one-cent pieces. This amount includes $30,000 sent to the
island of Porto Rico and $1,500 to the Philippine Islands.
The expenditure for the distribution of minor coin for the same
period was $44,796.90.
The seigniorage on the coinage of purchased metal for the fiscal
year 1900 was $4,930,012.26, as shown by the following table:
Items.
Standard silver dollars
Subsidiary silver coin
Minor coin
Amount
coined.
Seigniorage.
Total
$3,558,984.00
5,603,836.40
2,243,017.21
$1,068,399.90
2,066,979.32
1,794,633.04
11,405,837.61
•.
4,930,012.26
G O L D , S I L V E R , A N D B R O N Z E M E D A L S M A N U F A C T U R E D AT T H E M I N T O P T H E U N I T E D
S T A T E S A T P H I L A D E L P H I A D U R I N G T H E F I S C A L Y E A R E N D I N G J U N E 30,
1900.
Name of medal.
Adams, John....
Adams, John Q.
Alumni.
Arthur, Chester A
Assay
Bainbridge, Captain
Blakely, Captain
Brinton, Dr. D. G.
Brown, Major-General
Brown Memorial
Buchanan, James
Carney (Boston schools) —
Cleveland, Grover
Commencement of Cabinet.
Corcoran Art
CornellDerby (Boston Latin School)
Dobb, Hannah M
Elliott, Captain
English Composition
'
Fillmore, Millard
:
Franklin (Boston public schools)
Garfield, James A
Grant, Major-General
Grant, U, S
Great Seal
: —
Green, Nathaniel
•.
Harrison, William H
:
Haralson, Benjamin
Hayes, Rutherford B
Henley, Captain
Humane Society
Indian Peace
Jackson, Andrew
'
Jefferson, Thomas
Johnson, Andrew
Ketchum, Jesse
Ketchum, Jesse
Lawrence, Captain
Life Saving (State Department, rescue of American seamen by
foreign crews)
:
. Lincoln, Abraham
'.
Lincoln and Grant
Madison, James
,
Manning, Daniel
.'
Monroe, James.
McKinley, William
Naval Institute
Norinan, George H —
Orators
Pennsylvania Bi-Centennial
Pennsylvania Horticultural Society
Gold,
Silver.
Bronze.
5
5
1
7
6
2
2
100
5
7
'io
10
4
7
2
7
2
2
7
7
7
2
10
2
7
12
5
• large, 4
small, 4
large, 47
small, 53
15
5
2
5
30
318
REPORT ON T H E FINANCES.
GOLD, SILVER, AND BRONZE MEDALS MANUFACTURED AT THE MINT OF THE UNITED
STATES AT PHILADELPHIA DURING THE FISCAL Y E A R ENDING JUNE 30,1900—Cont'd.
Gold,
Name of medal.
Perry, Captain
Phillips, D . K
Pierce, Franklin
Polk, James K
Preble, Capt, Edward
Proctor
Robinson
Santine
:
Scott, Major-General
Scholarships
Society of American Florists
Stewart, Captain
St, Louis Fair Association
Taylor, Zachary
Time increases his fame
Truxton, Capt, Thomas
Tyler, John
United States Navy Medal of Honor .
Van Buren, Martin
Washington before Boston
Washington, Col. William
Washington and Grant
Washington and Jackson
Washington and Lincoln
Washington Wreath
Webb
Windom, William
Silver,
Bronze.
2
2
12
2
10
2
7
200
10
7
2
5
5
5
180
Total.
582
The following table shows the number of proof coins and medals
manufactured, the nominal value, amount received, and the profit on
the same, during the fiscal year ending June 30, 1900.
Total
Amount
received.
$2,361.20
423.50
178.00
5,302.50
1,807.45
135.00
$2,524.20
530.22
517.60
5,468.50
2,363.77
179.94
$163.00
106.72
339.60
166.00
556,32
44.94
10,465
Gold medals
Silver medals
Bronze medals
Gold proof coins.
Silver proof coins,
Minor proof coins,
Nominal
value.
69
442
842
696
3,916
4,500
Articles,
Number
of pieces.
10,207.65
11,584.23
1,376.58
Profit.
T H E MELTER AND REFINER'S DEPARTMENT.
D. K. TUTTLE, Ph. D., Melter and Refiner.
During the fiscal 3^ear the melter and refiner received from the
superintendent and operated upon gold bullion containing bv assay
7,395,743.247 standard ounces, of the value of $137,595,223.20, his legal
allowance for wastage-being 7,395.743 standard ounces, of the value of
$137,595.22, and silver bullion containing by assay 20,519,090.97 standard ounces, of the value of $23,876,760.40, his legal allowance for
wastage being 30,778.63 standard ounces, of the value of. $35,815.13.
Upon settlement of the melter and refiner's accounts June 30, 1900,
there was found an apparent loss during the last fiscal year in the
operations upon the gold bullion of 1,776.134 standard ounces, and in
the operations upon the silver . bullion an apparent gain of 11,800.11
standard ounces.
319
DIRECTOR OF THE MINT.
The melts made for deposits, granulations, bars, and ingots in gold
and silver aggregate 11,627, as follows:
Melts.
Bars,
Gold
Silver
Ingots,
Granula- Deposits.
tions,
Total
melts.
561
480
639
2,868
312
4,598
7,029
1,041
Total
1,169
5,598
6,767
639
3,180
11,627
During the year 40 gold ingot melts and 8 silver ingot melts were
condemned.
NUMBER, W E I G H T , AND VALUE OF GOLD AND SILVER BARS FOR INDUSTRIAL USE.
Bars.
Gold
Silver
Total
.
.
.
.
Standard
ounces.
3,306
694
Metals. .
118,771.642
85,663.009
4,000
Value.
$2,209,704.97
99,680.68
$2,309,385.65
During the year 365 barrels of sweeps were gathered, containing by
assay 1,725.695 standard ounces of gold and 7,893.06 standard ounces
of silver.
The operations of the refinery were as follows:
Bullion.
Gold.
Sent to refinery, 2,373,0; 5.29 gross ounces.
Containing by assay
Returned from refinery..
Standard ozs.
798,303. I l l
798,186.261
Apparent loss..
Apparent gain .
Silver.
Standard ozs.
1,783,943.23
I,787,685.72
116.850
3,742.49
Silver bullion upon which refinery charges were collected contained
241,432.16 standard ounces, and silver owned by the Government
returned to the refinery for parting purposes, upon which no charges
were imposed, contained 1,546,253.56 standard ounces.
The melter and refiner experienced great difficulty during the year
in the manufacture of gold ingots on account of the poor quality of
the bullion which he was compelled to use. This bullion was found
to contain small quantities of iron arid lead, which prevented a uniform admixture with the copper alloy, and often caused the resulting
ingots to be brittle and unfit for coinage, so that it was necessary to
remelt no less than 179 gold ingot melts already made, aggregating
1,039,341.90 standard ounces, 40 melts of which were condemned by
the assaji^er as being outside of the legal limits pf tolerance.
The working of these melts, many of which had to undergo a toughening process, naturally resulted in a large loss in bullion.
THE
COINER'S
DEPARTMENT.
JOHN H . LANDIS, Coiner.
During the fiscal year ended June 30, 1900, the coiner received and
operated upon 6,350,007.150 standard ounces of gold, of the value of
$118,139,667.91, upon which there was a wastage of 316.786 standard
ounces of the value of $55893.69.
320
REPORT ON THE FINANCES.
The silver received and operated upon during the same period was
20,546,499.20 standard ounces of the coining value of $23,908,653.50 in
standard silver dollars, or $25,563,296.05 in subsidiary silver coin, upon
which there was a wastage of 8,633.17 standard ounces of the value of
$5,205.14. The results of the manufacture of coins are shown by the
following table:
Pieces.
Denominations.
Value.
1,874,585
1,270,387
1,211,811
54,406
$37,491,700,00
12,703,870.00
6,059,055.00
136,015.00
..
4,411,189
56,390,640.00
i
3,558,984
6,284,984
15, 620,984
21,380,984
3,558,984.00
3,142,492.00
3,905,246.00
2,138,098.40
46,845,936
12 744 820 40
30,749, 992
70,551,761
1,537,499.60
705,517.61
Double eagles
Eagles
Half eagles
Quarter eagles
Total gold
Dollars ^
Half dollars
Quarter dollars
Dimes
^
Total silver
Five-cent nickels
One cent bronze
. . . .
..
'.
:
Total minor
i
101,301,753
2,243,017,21
152,558,878
Grand total
71,378,477,61
The percentage of good coin produced from the amount operated
upon was in gold 47.7 and in silver 50.8.
There was also coined 50,000 Lafayette souvenir silver dollars, not
included in the above table.
In addition to the domestic coinage, there were coined for the Government of Costa Rica 320,000 pieces in 20,10, and 5 colones, amounting to 75,037.700 standard ounces of gold, of the value of $1,396,050.24
in American money.
MEDALS MANUFACTURED DURING THE FISCAL^ YEAR ENDED JUNE 30,
Number
of medals
Description,
Gold
Silver
Bronze
-
Total
1900.
65
461
582
1,108
T H E ASSAYER'S DEPARTMENT.
JACOB B . ECKFELDT, Assayer.
The number of assays made during the fiscal year ended June 30,
1900, are as follows:
Gold
Silver
Special assays
:
Total
36,714
15,717
. 220
52,651
There were also 365 barrels of sweeps assayed, 200 ounces of proof
silver made, and 150 of proof gold made. In addition to this the
department has made a number of special assays for the melter and
refiner and coiner.
321
DIEECTOK OF THB MINT.
THE
ENGRAVER'S
DEPARTMENT.
CHARLES E . BARBER, Engraver.
The number of coinage dies prepared in the engraver's department
for the mints were 276 for gold coinage, 1,078 for silver coinage and
631 for minor coinage, giving a total of 1,985, and in addition 23 dies
were made, for the proof coinage, 1 for the annual assay medal, and
1 for the.United States Marine Corps medal, as shown by the following
table:
DIES MANUFACTURED AT THE MINT AT PHILADELPHIA DURING THE FISCAL YEAR
ENDED J U N E 30, 1900.
For the mint at—
Denomination of die.
Total.
Philadelphia.
San
Francisco.
61
67
32
6
60
20
20
10
121
97
52
6
166
100
10
276
45
53
189
176
40
60
60
115
230
40
40
3b
315
153
289
321
463
275
340
1,078
New
Orleans.
GOLD COINAGE.
Double eagle...
Eagle
Half eagle
Quarter eagle
..
- .. .
Total
SILVER COINAGE.
Standard dollar
Half dollar .
Quarter dollar
Dime
..
.
Total
MINOR COINAGE.
Five cent
One cent
343
288
631
,
Total . . . .
RECAPITULATION,
Gold coinage
Silver coinage
Minor coinage
Proof coinage
Annual assay medal
United States Marine Corps rriedal
Total
343
288
631
Number
prepared.
276
1,078
631
23
1
1
2,010
The annual settlement at the close of the fiscal year was made b}^
M. H. Cobb, of the Philadelphia mint, assisted by Charles F. Burt, of
the Mint Bureau, and Messrs. A. W. Bennett and A. B. Wilson, of the
Islew York assay office, who reported the settlement satisfactory.
NEW MACHINERY, METHODS, ETC
The new machinery and appliances referred to in the last annual
report have been working very satisfactorily, and many additions have
been made thereto.
Looking forward to removing to the new mint building before the
close of the fiscal year, the endeavor has been to obtain the most modern and approved machineiy appliances and methods, this being important upon general principle, but especially so because of the necessity
for a radical change in some of the most important operations.
FI 1900
21
322
REPORT ON THE FINANCES.
Gold bullion, of the value of many millions of dollars, is unfit for
coinage without refining, owing to thepresence of minute quantities of
such metals as lead, antimony, etc., and by the old acid processes it is
both difficult and expensive to entirely eliminate them.
Mr. H. J. Slaker, assistant in the melter and refiner's department of
this mint, was authorized to visit the mints of Great Britain, France,
and Germany, as well as the private refineries in Hamburg and Frankfurt, for the purpose generally of comparing the appliances and methods of this institution with those abroad, and especially to inquire into
the process of refining by electrolysis, in use in the private refineries
referred to.
The melter and refiner had for some months been experimenting in
this field, and the report made by Mr. Slaker, and forwarded to the
Department by the superintendent, showed we were infringing on the
patents of Dr. Emil Wohlwill, of Hamburg, German3^ A provisional
arrangement was made (which will soon no doubt become a definite
contract) to use the process, and a small plant has been installed in the
refinery for parting and" refining gold bullion by electrolysis. This
process has been gradually developed until it msij now be pronounced
a working success.
A small dynamo is used, driven h j 5-horsepower motor. For want
of suitable vessels the plant is being worked onl}^ to one-half its capacity
and, at that, not continuously throughout the twent5^-f our hours. When
these minor difficulties are overcome the output promises to go far to
equal our receipts of gold bullion.
Since the beginning of these operations 40,876 ounces of fine gold
have been turned out from the electrolytic plant, varying in fineness
from 999 to 999.8 by assay. In the month of August last the returns
were 20,109 fine ounces of gold, while the power of the plant was only
partially utilized, as stated.
It will be seen that the process has passed the experimental stage,
and much may be expected of it in the future..
In the new mint it is proposed to run all the machinery b}^^ electric
power, and hence the kind, power, and speed of the various motors to
be applied to the different machines are questions of importance.
Motors have been connected temporarily to the different sizes of
coining presses, milling machines, rotary and strip annealing furnaces,
cutting presses, and topping machines.
All these machines will require special attachments, and will enable
us to install all the minting equipment without the use of belting.
In all cases, except the topping machines, the motors have been connected direct with gears, and in the case of the rolling mills it was
found necessary to attach heavy fly wheels in order to carry the strip
between the rolls.
At present experiments are being made to determine the size of
motors for machine shop tools, and all machines requiring one or more
horsepower will be driven by motors.
In applying motors to coining presses trial is to be made of two fly
wheels to a press, the motor connecting with spur gears to each. A
more even consumption of power is the point aimed at.
I t is also considered advisable to substitute for the old wood annealing furnaces a gas annealing system. There are now three gas strip
annealing furnaces installed; two for silver, which work admirably, and
one for gold. The last mentioned is furnished with a hood attach
DIRECTOR
OF T H E
323
MINT.
ment, the object of which is to cool the strip after it leaves the
machine, in a non-oxidizing atmosphere. This has not as yet been
completely tested, but from the few trials made it is believed that it
will fulfill all expectations.
Four geared rolls are now in operation; three by electric motors—
two finishing and one break-down, a 25-horsepower used on the former
and a 35-horsepower on the latter.
The material leaving these finishing rolls requires no draw-bench
work.
The gas plant has been working very satisfactorily and has since its
installation in the spring of 1899 about paid for itself in reduced gas
bills.
In the new mint plant, the contract for which was awarded to the
same company that installed the one now in use, a small independent
plant for the use of the assay department exclusively is provided for,
in order to obtain absolute evenness of pressure for that important
department.
The question as to how to use gas instead of coal for melting furnaces
in the melting room is as yet among the unsolved problems, as well as
the utilization of the old belt rolls in the new mint.
Experiments are now being made with a worm-driven device, run by
a specially constructed motor. If this succeeds, these rolls, a number
of which have excellent material, can be utilized.
Another problem to be grappled with is the filtration plant for the
new mint, a more thorough system being desired to replace the old
settling wells.
A new milling machine has been turned out by the machine shop.
I t is a perfect and beautiful piece of work, and is run by a vertical
3-horsepower slow-speed motor. Mne of these machines will be built
in the machine shop.
I t is also in contemplation to t r y the Napier improved automatic
coin-weighing and classifying machine.
The fiscal year just ended has been a very arduous one, and the next
will doubtless be more so. This has thrown an immense amount of
work upon the machine shop and upon the superintendent of machinery, Mr; Edwin S. Church, especially, whose labors have been continuous and exacting, calling for the very highest skill.
The ''new mint" means much more than moving into a new building.
I t includes the introduction of the most modern and approved methods
and appliances.
MINT OF THE UNITED STATES AT SAN FRANCISCO, OAL.
FRANK A. LEACH, Superintendent.
The weight and value of gold and silver bullion deposited at the mint
at San Francisco during the fiscal year 1900 was as follows:
Metal,
Gold
Silver
.
. . .
Total
Standard
ounces.
2,868,284.719
6,098,405.23
Value.
$53,363,436.63
7,096,326.18
60,459,762.81
324
REPORT ON THE
FINANCES.
In addition to the above, there was an exchange of 401,875 standard
ounces of silver bullion for the purpose of coinage, being silver bullion
purchased under act of July 14,1890, at the cost value of 1327,180.07,
and charged to the United States mint at Philadelphia in exchange for
silver bullion for subsidiary silver recoinage from the same institution
of the cost value of $200,000, and for subsidiary silver coinage of the
cost value of $197,218.85.
During the year there was deposited and melted at this mint for
recoinage 274.776 standard ounces of United States gold coin of the
face value of $5,647.50; coining value, $5,112.11, the denomination,
number of pieces, and value thereof being as follows:
Received over
counter.
Denomination.
Nominal
value.
$3,080.00
1,010.00
1,490.00
47.50
6.00
14.00
Double eagles
Eagles
Half eagles
Quarter eagles
Three-dollar pieces
One-dollar pieces . .
Total
5,647.50
There were also deposited and melted 148,752.90 standard ounces of
United States silver coin, of the face value of $194,603.25, having a
coining value of $173,094.28 in standard dollars or $185,073.59 in subsidiary coin, of which silver coin there was transferred from the Treasury worn and uncurrent subsidiary silver coin of the face value of
$194,538.50, containing 148,704 standard ounces, with a coining value
in new subsidiary silver coin of $185,012.75, and received over the
counter worn and uncurrent silver coin of the face value of $64.75, containing 48.90 standard ounces, with a coining value in new subsidiary
coinof $60.84.
The denomination, number of pieces, and value of such coins are
as follows:
Transferred from
Treasury.
Number Nominal
of pieces.
value.
Denomination.
standard dollars
Half dollars
Quarter dollars
Twenty-cent pieces
Dimes
Half dimes
Total
1
Received over
counter.Number Nominal
of pieces.
value.
241,000 $120,500.00
186,000 46,500.00
35
7.00
274,020 27,402.00
2,590
129.50
3
69
53
$3 00
34 50
13 25
138
4
13 80
20
194,538.50
267
64 75
703,645
Making an aggregate of gold and silver coins of 704,500 pieces, of
the nominal value of $200,250.75.
Foreign gold bullion, containing 182,435.147 standard ounces of the
value of $3,394,142.27, was deposited, of which 162,571.022 standard
ounces of the value of $3,024,577.15 was in unrefined bullion and
19,864.125 standard ounces of the value of $369,565.12 was in refined
bullion. There.was also deposited during the year 445,832.62 standard
ounces of unrefined foreign silver bullion, valued at $518,787.05.
325
DIRECTOR OF THE MINT.
No refined foreign silver bullion was deposited during the year.
The bullion was received from the following countries:
FOREIGN GOLD AND SILVER BULLION ( U N R E F I N E D ) .
Gold b u l l i o n .
Countries.
Standard
ounces.
Value.
Silver b u l l i o n .
Standard
ounces.
Value,
British Columbia
British Dominion
Central America .
Mexico
S o u t h Africa
2,769. 684
133,228.808
533,796
26,016,541
22,193
$51,529.00
2,478,675.50
9,931.09
484,028.67
412.89
564.26
35,212.74
148.63
409,904.10
2.89
$656.59
40,974.84
172.95
476,979.31
3,36
Total-.
162,571.022
3,024,577.15
445,832.62
518, 787.05
FOREIGN GOLD BULLION
Country.
New Zealand
-.
(REFINED),
Standard
ounces.
19,864.125
Value.
$369,565.12
Foreign gold coin containing 521,530.743 standard ounces of the
coining value of $9,702,897.54 was deposited and melted during the
year. The nominal weight of this coin (the weight of the new coins
of the respective countries) was 521,741.680 standard ounces, showing
a loss by abrasion of 210.937 standard ounces.
The following table shows the country of coinage, nominal weight,
and value:
C o u n t r i e s of c o i n a g e .
Colombia
Chile
Costa R i c a
Ecuador
France
Great Britain
Guatemala
German Empire
Japan
Mexico
New Grenada
Peru
Russia
Spain
Salvador
Total
Producing
Loss b y a b r a s i o n
Nominal
weight.
Nominal
value.
S t a n d a r d ozs.
6.740
4.138
2.593
1.720
26. 391
271,665.898
55.274
2.304
248,046. 670
1,837.579
5.053
5.305
1.458
71.897
8,660
$125,39
77.00
48.24
32.00
491,02
i, 054,249,26
1,028.37
42.87
[,614,821.76
34,187.49
94.02
98.69
27,13
1,337,63
161,10
521,741,680
521,530,743
9,706,821,97
9,702,897,54
3,924.43
Foreign silver coin, containing 15,254.26 standard ounces of the
coining value of $17,750.41 in standard dollars, or $18,878.86 in subsidiary coin, was deposited and melted during the year.
The nominal weight of this coin (the weight of the new coins of the
respective countries) was 15,351.63 standard ounces, showing a loss by
abrasion of 97.37 standard ounces.
326
REPORT ON T H E F I N A N C E S .
The following table shows the country of coinage, nominal weight,
and commercial value:
Nominal
weight.
Countries of coinage.
Commercial
value.
Standard ozs.
5,304.75
10,046.88
--- ---
Total.
ProducinsT
$2,877.60
5,450.00
15,351.63
15,254.26
Guatemala
Peru
8,327.60
.97.37
Loss by abrasion..
The redeposits during the fiscal year aggregated 699,485.649 standard ounces of gold, of the coining value of $13,013,686.49, and
5,444,461.94 standard ounces of silver, of the coining value of
$6,335,373.89 in standard dollars, as shown by the following tables:
GOLD BULLION.
Fine bars.
Institution at which manufactured.
Standard
ounces.
Value.
San Francisco
Carson
Seattle
Unparted bars.
Standard
ounces.
Value.
173.093
• $3,220.33
10,308.228
191,780.99
689,004. 328 12,818,685.17
Total
699,485.649
13,013,686.49
SILVER BULLION.
Fine bars.
Institution at which manufactured.
Philadelphia (a)
San Francisco
Carson
Seattle
Total
Standard
ounces.
Value.
5,116,729.12 $5,954,012.07
151,316.82
176,077.75
6,268,045.94
6,130,089.82
Unparted bars.
Standard
ounces.
Value,
48.85
5,785.99
170,58L16
$56.84
6,732.79
198,494.44
176,416.00
205,284.07
aOf the 5,116,729.12 standard ounces noted for Philadelphia 3,841,780.55 standard ounces were fine
bars transferred direct from the United States mint at Philadelphia to this mint, and the remainder,
1,274,948.57 standard ounces, were bars manufactured at private refineries, which together with the
151,316.82 standard ounces noted for San Francisco, viz, bars manufactured at that mint, makes an
aggregate of 1,426,265.39 standard ounces received during the fiscal year at this mint from sundry
parties in exchange for a like quantity of silver bullion delivered to such parties by the United States
mint at Philadelphia.
M E L T E R AND R E F I N E R ' S DEPARTMENT.
ALEXANDER MARTIN, 3felter and Refiner.
The melter and refiner received from the superintendent and operated on bullion during the fiscal year containing 4,926,777.811 standard ounces of gold and 5,640,693.94 standard ounces of silver.
The refineiy operations during the same period comprise 1,081,460.243 standard ounces of gold and 737,949.21 standard ounces of
silver.
327
DIRECl'OS 6 F T H E MINT.
standard
ounces.
254,873.52
63,601.90
304,700.00
Silver bullion refined on which charges were collected:
Silver partings in gold deposits
Silver purchases
Silver deposits
Total
Silver bullion sent to refinery on which no charges were imposed:
Settlement bars, experimentals, coiner's and assayer's bars
Grand total
"
623,175.42
114,773.79
'.
737,949.21
The total of 737,949.21 standard ounces above given represents the
entire amount of silver received by the melter and refiner and charged
to the refinery, but as it was used over and over it does not represent
the whole amount of silver used or sent to the refinery. In this way
the total amount of silver used in parting was 3,012,320.29 ounces.
The bullion melted for coinage duringthe year was 4,831,686.060
standard ounces of gold and 4,461,975 standard ounces of silver.
There were manufactured 350 fine silver bars during the year, containing 425,027.31 standard ounces of the coining value of $494,577.23
and 3 unparted bars containing 212.730 standard ounces of gold and
80.29 standard ounces of silver of the coining value of $4,051.20.
During the year he made 1,691 melts of gold ingots of which 15
were condemned, and 2,816 melts of silver ingots, none of which were
condemned. He also made 353 melts for bars.
Upon the annual settlement he returned a surplus of 1,841.771
standard ounces of gold,yalued at $34,265.51, and 3,059.45 standard
ounces of silver, valued at $1,699.14.
There were gathered in sweeps during the fiscal year 290 barrels,
containing by assay 600.263 standard ounces of gold and 4,813.36 standard ounces of silver.
COINER'S DEPARTMENT.
D. T. COLE, Coiner.
During the fiscal year the coiner received and operated upon
4,854,737.650 standard ounces of gold and 4,551,897.75 standard ounces
of silver.
He manufactured during the same period $51,176,000 in gold coin
and $2,850,012.75 in silver coin, aggregating 12,483,768 pieces as
shown by the following table:
Denomination,
Pieces.
Value.
GOLD.
Total
$41,001,000.00
8,705,000.00
1 470 000 00
51,176,000.00
546,000
2,960,733
1,650,585
4,110,000
-
2,050,050
870,500
.294,000
3,214,550
Double eagles ..
Eagles
Half eagles
546 000 00
1,480,366.50
412 646 25
411,000.00
SILVER.
Dollars
Half dollars
Quarter dollars
Dimes
Total
:...
Total coinage
9,267,318
2,850,012.75
.12,481,868
54,026,012.75
The percentage of coin produced from the amount operated upon
was, gold, 57.25, and silver, 53.37.
328
REPORT
ON T H E
FINANCES.
Upon the annual settlement of his accounts it was found that there
had been, a wastage during the year of 192.297 standard ounces of gold,
valued at $3,577.62, being 8.002 per cent of the legal allowance, and
675.86 standard oances of silver, valued at $375.35, being 15,35 per
cent of the legal allowance.
The sweeps gathered in this department during the year comprised
11 barrels, containing 14.226 standard ounces of gold and 24.89
standard ounces of silver.
ASSAYER'S DEPARTMENT.
C. H. SHERMAN, Assayer.
The operations of the assayer during the fiscal year were as follows:
Description.
Number.
Gold assays
Silver assays
Sweep assays
Special bullion assays
Ounces proof gold made .
Ounces proof silver made
Cupels made
Pieces lead cut and rolled
Ounces parting silver cut
47,656
25,023
182
468
72
40
60,000
60,000
The annual settlement was made by Mr. C. W. Diefenderfer of the
mint at Philadelphia, and Mr. E. P . Leech, chief clerk of the mint at
Denver.
MINT O F T H E UNITED
STATES AT N E W O R L E A N S , L A .
C. W. BOOTHBY, Superintendent.
The weight and value of the gold and silver deposited at the mint of
the United States at New Oiieans, La., during the fiscal ye^r ended
June 30, 1900, were as follows:
.Metal.
Gold
Silver
Standard
ounces.
21,006.071
13,816,096. 00
Total
Coining value.
$390,810.61
16,076,91L71
16,467,722.32
There were deposited 220.749 standard ounces of unrefined domestic
gold bullion, producing in gold coin'$4,106.96, and 188.95 standard
ounces of unrefined domestic silver bullion, producing $219.87 in
standard silver dollars, or $235.09 in subsidiary silver coin. There
were purchased over the counter during the year 542.661 standard
ounces of uncurrent domestic gold coin of the face value of $10,230,
producing in new gold coin $10,096.02, on which there was a loss of
$133.98. There were also deposited 477.92 standard ounces of uncurrent silver coin of the face value of $639.73, producing $556.12 in
standard silver dollars, or $594.61 in new subsidiary silver coin, on
which there was a loss of $45.12. The Treasury Department transferred for recoinage 553,183.70 standard ounces of old domestic silver
829
DIRECTOR OF T H E MINT.
coin of the face value of $735,185, of the coinage value in standard
silver dollars $643,704.67, or $688,253.44 in new subsidiary silver coin,
onwhich there was a loss of $46,931.56. There were also received
over the counter 6.94 standard ounces of trade dollars of the face value
of $8, producing $8.08 in standard silver dollars, or $8.63 in new
subsidiary silver coin, on which there was a gain of $0.63.
There were also deposited 16,517.007 standard ounces of unrefined
foreign gold bullion, producing in gold coin $307,293.15, and 3,399.94
standard ounces of unrefined foreign silver bullion, of the coinage value
in standard silver dollars $3,956.27, or $4,230.07 in subsidiary silver
coin.
Foreign gold coins containing 274.233 standard ounces, of the coining value of $5,102, and foreign silver coins containing 35.24 standard
ounces, of the coining value in standard silver dollars $41.01, or $43.84
in subsidiary silver coin, were deposited.
Gold bullion to the amount of 3,451.421 standard ounces, of the coinage value of $64,212.48, and 6,236.87 standard ounces of silver, of the
coinage value of $7,257.45 in standard silver dollars, or $7,759.71 in
subsidiary silver coin, was obtained from jewelers' bars, old,plate, etc.
The redeposits of silver amounted to 13,252,566.46 standard ounces,
and consisted of 13,116,331,86 standard ounces in fine bars, producing
$15,262,640.71 in standard silver dollars, or $16,318,919.89 in subsidiary silver coin, and 1,035.46 standard ounces in standard bars, producing $1,204.90 in standard silver dollars, br $1,288:29 in subsidiary coin,
made at the mint at Philadelphia, Pa. There were also redeposited by
this same institution, although manufactured at the New York assay
office, standard bars amounting to 135,199.14 standard ounces, producing $157,322.63 in standard silver dollars, or $168,210.44 in subsidiary
silver coin.
The machinery placed in this mint during the last fiscal year was one
pair of rolls, one ingot topping machine, one pair large scales from the
mint at Carson, one coining press from the mint at Carson, one gas
heating machine, complete, with one strip annealing and one rotary
furnace for planchets, and one bolting machine in the department of
melter and refiner.
The annual settlement June 30,1900, was made by Mr. A. A. Hassan
of the Bureau of the Mint, and Mr. J. B. Baldwin of the mint at Philadelphia, who reported the settlement as .satisfactory.
MELTER AND REFINER'S DEPARTMENT.
H. DUDLEY COLEMAN, Melter and Refiner.
During the fiscal year the melter and refiner received from the superintendent gold and silver bullion of the value of $40,903,992.16, as
follows:
Metals.
Gold
Silver
...
..
Total
Standard
ounces.
102,417.179
33,514,384.31
Value.
$1,905,435.88
38,998,556.28
40,903,992.16
330
REPORT ON THE FINANCES.
On the annual settlement at the end of the fiscal 3^ear it was found
that 102,417.179 standard ounces of gold had been operated upon,
showing an apparent gain of 32.997 standard ounces, and 30,599,561.25
standard ounces of silver had also been operated upon, the legal limit
of wastage being 45,899.34 standard ounces, while the actual was
14,233.25 standard ounces, or 31 per cent of the legal wastage.
REFINERY OPERATIONS.
The amount of refiner}^' operations during the fiscal year was as
follows:
Gross weight,
ounces.
Metal,
52,692.42
102,855.41
Gold
Silver
Total
-
Standard
ounces.
Value.
41,029.731
123,780.84
$763,343.83
144,035.88
907,379,71
...
The amount of bullion returned from the refiner}^ was as follows:
standard
ounces.
Metal,
Gold
Silver
*
.
Value.
41,067.728
123,447.54
Total
$674,050.75
143,648.05
817,698.80
Silver on which charges were imposed contained 5,064.22 standard
ounces, while 118,716.62 standard ounces represents the silver owned
by the Government and returned to the refinery for parting purposes,
on which there were no charges.
The number of melts of ingots was 3,579, of which 55 were condemned, as follows:
Melts of
ingots.
Total
•
3
52
3,579
Gold
Silver
Condemned.
23
3,556
Metal.
55
There were also 40 fine gold bars and 24 fine silver bars made, of
which none were condemned.
The miscellaneous melts composed those of gold and silver deposits,
bars, granulations, and copper for alloy:
Gold deposits
Silver deposits
Gold bars
Silver bars
Granulations
Copper for alloy
Total
'.
:
:
:
755
'.... 35
32
52
,. 60
25
959
There were collected 230 barrels of sweeps during the fiscal 3^ear,
from which 45.139 standard ounces of gold and 23,899.23 standard
ounces of silver were obtained.
331
DIRECTOR OF T H E MINT,
COINER'S DEPARTMENT.
MAYER CAHEN, Coiner.
There were received and operated upon during the fiscal year gold
and silver insfots as follows:
Standard
ounces.
Metal.
Gold
Silver
Value.
53,435.300
29,885,338.70
Total
1.
$994,145.11
34,775,666.75
'
35,769,811.86
From which were manufactured the following coin:
Denomination.
Pieces.
Value.
GOLD.
Eagles . .
...
37,047
$370,470
14,140,000
1,444,000
1,992,000
- 1,670,000
14,140,000
722 000
498)000
167,000
Total silver
19,246,000
15,527,000
Total coinage
19,283,047
15,897,470
SILVER.
Dollars
Half dollars
Quarter dollars
Dimes
.
At the annual settlement the wastage in this department was shown
to have been 4.038 standard ounces gold, or 15.113 per cent of the
legal allowance. The wastage of silver was found to be 3,570.96
standard ounces, or 11.948 per cent of the legal allowance.
The percentage of coin produced from gold ingots operated upon
was 37.11, while that from silver ingots was 44.39.
• ASSAYER'S DEPARTMENT.
W. M. LYNCH, M , D . , Assayer.
The numberof assaiy s made in this department aggregated 4,649
during the fiscal year.
Description,
Deposits
Fine mint bars
Grain bars
.'
Ingot melts
Ingot melts (condemned) .
Fine melts
Sweeps
Standard bars
,
Coiner's filing bars
Superintendent's bars
Consolidated melts
Transfer orders
Special purchase
Special
Miscellaneous
Total.
Gold as- Silver assays.
says.
755
40
35
24
38
3,501
52
53
10
23
3
2
20
879
3,770
332
REPORT ON T H E FINANCES.
UNITED STATES ASSAY OFFICE AT NEW YORK.
ANDREW MASON, Superintendent.
The deposits for the fiscal year ended June 30,1900, were as follows:
Metals.
Ounces.
2,900,309.88
5,984,293.64
Gold
Silver
Standard
weight.
Gross weight.
Value.
Ounces.
3,025,915.168
6,454,544.41 .
$56,296,096.15
7,516,742.58
While the gold deposits exceed those of last year about $2,000,000,
the fbreign gold bullion embraced in them (about $15,000,000) was
about $10,000,000 less in amount. The deposits of domestic refined
gold (about $30,000,000) exceeded those of last year about $11,000,000
in amount.
The gold deposits of direct domestic production (about $7,250,000)
were about $500,000 in excess of those of last year.
Of the whole, 786,024 ounces gross of gold deposits and 1,466,215
ounces gross of silver deposits required treatment by acid.
The gains that might accrue to the melter and refiner's account from
this bullion are estimated as follows: From unreported fractions of gold fineness of gold deposits:
786,024 ounces gross, at 0.2 M
Less 535,394 ounces fine gold from same, at 0.1 M
~
Ounces fine gold.
157.20
53.54
103.66
From unreported fractions of gold fineness of silver deposits:
678,706 ounces gross, at 0.2 M112,904 ounces gross, at 0.1 M
135.74
11.29
Less 132,587 ounces fine gold from same, at 0.1 M
147.03
13.26
133.77
From specific percentage deductions from silver deposits (none made from gold deposits),
under the provisions of article 6 of instructions
124.12
Gains from silver deposits wlien the gold was not charged to the melter and refiner, under the
provisions of article 4, sections 9 and 10, of instructions
12.60
Making a total estimated gain to the melter and refiner's account from these sources of . 374.15
The possible gains in silver from unreported fractions of silver
fineness were as follows:
786,02iounces gold deposits, at 0.4 M
1,466,215 ounces silver deposits, at 0.2 M
?
Less 1,301,466 ounces fine silver from same
Ounces fine silver.
314.41
'.
293.24
607.65
260.29
347.36
Gains from percentage, deductions
1,362.51
Gains from gold deposits when t h e silver Avas not charged to melter and refiner, under the
provisions of article 4, sections 9 and 10, of the instructions
'.
2,211
Gains from t h e deductions of one-ninety-ninth standard weight of gold from the silver in
partible bullion is, say, seven-tenths of 6,088 ounces fine silver, equal to
4,261
Making total estimated gains to the melter and refiner's account of
11.
8,181.87
The actual surplus recovered by the melter and refiner for the 3^ear
was 293.688 ounces fine gold and 3,783.21 ounces fine silver, showing
a close approximation in the gold to the foregoing estimated possible
gains in fractions, etc.
The silver used in the refinery for parting purposes, on which there
were no charges, amounted to (year ended June 30,1900) 1,868,484.62
DIRECTOR OF THE MINT.
333
standard ounces; the total amount of silver stated in his report of July
30 as having been acid refined was 3,452,094.87 standard ounces, leaving a balance of 1,583,610.25 standard ounces as the amount on which
charges were paid. Uncurrent and mutilated United States gold coin
of the face value of $759,853.50 was melted, producing 40,467.181
ounces standard gold of the value of $752,877.77. The gold bars
transmitted to the Philadelphia mint for coinage during the year
amounted to $35,128,043.76. The value of gold bars paid to depositors was $4,176,590.98. The value of gold bars exchanged for gold
coin for domestic use was $9,387,284.47. Total for use in manufactures, arts, etc., $13,563,875.45, an increase of about $1,800,000 over
last 5^ear.
The value of the gold bars exchanged for gold coin for export was
$15,616,442.92.
The change of the rate of charge from 10 cents to 4 cents per $100
has proved effective in stopping the export of gold coin from New
York to Europe, and at the same time added $6,246.57 to the revenue
of the office, saved express charges to and from Philadelphia, and the
cost of coinage. At some time in the near future, when new coin may
not readily be obtained by shippers of gold, the charge for exchanging bars for coin can be raised to 10 cents per $100 if deemed advisable. During July and August of the current fiscal year $18,913,460.71
in gold bars have been exchanged for export.
Messrs. B. F. Butler, W. F . Bowen, and E. E. Richmond, of the
Bureau of the Mint, supervised the annual settlement, and reported
that the coin and bullion on hand agreed with the amount charged to
the superintendent in account.
MELTER AND REFINER'S DEPARTMENT.
B. T, MARTIN, Melter and Refiner.
The following statement of the business of this department for the
fiscal year ending June 30, 1900, is respectfully submitted. Owing to
the noncompletion of the construction work on the west wall of the
refinery building, work in the acid refinery was not resumed until September 20, 1899, and was suspended June 15, 1900, confining the
operations in that branch to a period of less than nine months, and as
a result again leaving a more than usual quantity of metal that could
not be operated on to be returned in settlement. In the time available, however, a large amount of work was done in the acid refinery.
The amount of metal debited to the melter and refiner for the year was
9,479,990.21 gross ounces, consisting of gold deposits 3,044,482.40
and silver deposits 6,169,446.54; settlement of 1899, 266,061.27, the
total standard ounces of gold being 3,239,367.380 and of silver
6,795,357.81.
The number of gold deposits melted was 8,581; of silver, 3,223;
total, 11,804. The number of fine, mint, and standard bars made and
delivered to the superintendent was, of gold, 40,616 and of silver
42,562; total, 83,178, containing 3,115,533.977 standard ounces of gold
and 6,572,335.46 standard ounces of silver.
The total amount of acid refined was 4,134,207.38 ounces gross, containing 791,656.64 standard ounces of gold and 3,452,094.87 standard
ounces of silver.
334
REPORT ON THE FINANCES.
The amount of fine silver, cake and deposit, tested in this department during the fiscal year ending June 30, 1900, was as follows:
Gross ounces
Standard ounces
Sulphuric acid, 1,571,100 pounds, value
1,698,531.66
1,868,484.62
$16,496.57
Waste acid sold, 2,299,720 pounds
Blue vitriol sold, 207,261 pounds
Old material sold
1,149.87
9,971,92
1,311.26
.•
Total from sale of by-products, etc
12,433,05
In the settlement of 1900 there was returned, in excess of amount
charged to the melter and refiner, 326.320 standard ounces of gold and
4,203.57 standard ounces of silver. The total value of metal recovered
was $10,274.64. The machinery and apparatus connected with the
department may be regarded, after some needed repairs now being
made, as in good working order. Three furnaces of a modified construction, for fluxing purposes, with the use of gas as fuel, have been
introduced and give most satisfactory results in daily use.
Following is the showing of expenses and receipts:
Charges collected
Labor, per pay roll
Sulphuric acid
Copper for reducing
Fuel and steam
Fluxes
Crucibles, lead, gloves, etc
: $94,569,32
$45,078.57
16,496.57
6,816.49
8.316,69
1,613.50
14,803.74
c
Deduct metal recovered
Waste acid sold
Blue vitriol sold
:
Old material, etc., sold
$10.274.64
1,149.87
9,971.92
1,311.26
22,707.69
3,031,48
Less loss on sale of sweeps, etc
93,125,56 .
19,676.21
Excess of receipts over expenses
73,449.35
21,119,97
ASSAYER'S
DEPARTMENT.
H. G. TORREY, Assaijer.
The operations of this department during the fiscal year ended June
30, 1900, were as follows:
Assays have been made determining the fineness of 11,802 melts of
gold and silver deposits and 993 melts of fine gold and silver; also 1,050
melts of mixed metal, about 500 special deposits, etc., and 350 barrels
of sweeps. Eighty-three thousand one hundred and seventy-eight gold
and silver bars were stamped, and about 60,000 cupels and the necessary "proof" gold and silver made.
I t will be seen that the business of the year was somewhat larger
than that of the previous year.
There have been no material changes or additions in working appliances or methods during the year.
MINT OF THE UNITED STATES AT CARSON, NEVADA.
R. K. CoLCORD, Assayer in Charge.
The operations during the fiscal year ending June 30, 1900, were as
follows:
Gold deposits
Unparted bars
Total
.'
o
360
32
392
335
DIRECTOR OP T H E MINT.
standard
ounces.
Gold
Silver
Coining
value.
10,238.486
11,494.48
Metals.
$190,483.46
13,375.39
Total
203,858,85
This shows a falling off' in the number of ounces and value of
deposits from the previous year as follows:
Standard
ounces.
Metals.
Gold
Silver
.
Total
.
.
.
.
.
. Coining
Value.
1,629.421
52,564.75
$30,314.81
72,802.63
103,117.44
'
This decrease is due to the change from a mint to an assay office
(July 1, 1899), by which we were prohibited from receiving silver
deposits other than those for returns in unparted bars, and restricting
the gold deposits to those containing not to exceed 50 fine ounces of
silver in any one deposit.
Earnings
Expenditures
Percentage of net expenses to deposits, 5.65779.
Domestic bullion, coining value
Foreign bullion, coining value
United States coin received over the counter
Jewelers' bars and old plate
Total
Number of assays:
Gold deposits
Bullion assays
Unparted bars
Ores
1
Consolidation melts
Total..!
$1,132.08
13,073.72
:
:.
.'
,
:
202,772.62
293.64
540.00
252.59
203,858.85
896
40
80
56
69
1,141
There, were no redeposits. of unparted bars.
On the 28th of March, 1900, the receipt of ore samples for assay was
authorized at this mint.
I caused the fact to be published throughout the State and adjacent
mining districts through the local press, but in order to avoid competition with private assayers the charge for each assay was fixed at $3,
as against their charge of $1, consequently our work in this line is necessarily limited.
M I N T OF THE U N I T E D STATES AT DENVER, COLO.
J. L. HODGES, Assayer in Charge.
For the fiscal year 1900,4,137 bullion deposits were treated for purchase, as against 4,511 for the year previous. Special bullion assays to
the number of 24 were made. The product of cyanide, chlorination,
and electrolytic plants formed the greater part of the deposit valuation
for the year, which was: Gold, $16,998,911.69; silver (coining value),
$99,502.28; total, $17,098,413.97. This was a decrease from the year
previous of $4,081,724.31, due to the fact that a large refinery which
had previously shipped to the mint at Denver concluded arrangements
336
REPORT
ON T H E
FINANCES.
during the Colorado labor troubles of the year 1899 to market its product in the East and has continued to do so.
There were received from foreign countries 529.351 standard ounces
of unrefined gold bullion and 111.03 standard ounces of unrefined
silver bullion, as follows:
Countries.
Mexico
Central America
Gold.
Silver.
Stand, ozs. • Stand, ozs.
79.61
469 346
31; 42
60 005
:
Deposits of unparted bars of former manufacture at this institution
contained 72.707 standard ounces of gold and 27.34 standard ounces of
silver.
United States mutilated gold coins of the nominal value of $173,
containing 8.890 standard ounces of the coining value of $165.40, were
received during the year.
The value of deposits, earnings, and expenditures, and the percentage of net expenses to deposits for the fiscal year 1900, were as follows:
Items.
Deposits:
Gold
Silver .
Amount.
$16,998,911.69
99 513 27
Earnings
Expenditures
$17,098,424.96
22,197. 66
41,346.71
Percentage of net expenses to deposits, 0.11199.
ASSAY OFFICE OF THE UNITED STATES AT HELENA, MONT.
E. B. BRADEN, Assayer in Charge.
There were 1,750 regular deposits of gold bullion at the United
States assay office at Helena during the fiscal 3^ear ended June 30,
1900. The aggregate weight before melting was 133,720.72 ounces,
and after melting 131,547.91. ounces, a loss of 1.67 per cent. The
average fineness of the bullion produced was 0.733 gold and 0.224
silver. The previous large number of deposits at this institution of
low-grade bullion from cyanide plants, gold mills, and dredging
machines was continued throughout the year, and explains the greater >
portion of the loss in weight from melting.
The value of the gold and silver contained in deposits was
$2,032,420.49, an average of $1,161.38 for each deposit. The larger
part of the^ bullion handled originated in the mines and placers of
Montana, while the balance came from British Columbia, Northwest
Territory, Idaho, Oregon, Washington, and Alaska.
Foreign bullion, unrefined, was received from the Northwest Territory (Klondike) containing 2,352.942 standard ounces of gold and
574.54 standard ounces of silver, and from British Columbia containing 17,924.991 standard ounces of gold and 8,743.85 standard ounces
of silver. The redeposits consisted of 45.310 standard ounces of gold
and 5.52 standard ounces of silver, in unparted bars originally mad^
by this office.
337
DIRECTOR OF T H E MINT.
The number of melts was nearly 3,000, comprising those of the
regular deposits, special bullion deposits for assay, and the consolidation or ' ' m a s s " melts. The number of assays made by the assaying
department was more than 4,500.
There were no deposits of mutilated or uncurrent coins of the United
States during the year.
The following table shows the amount of deposits, earnings, and
expenditures, with the percentage of net expenses to deposits, for the
fiscal year 1900: "
Items.
Deposits:
Gold
Silver
Araount.
$1,993,707.00
38,713.49
$2,032,420.49
4,596.31
24,510. 65
Earnings . . .
Expenditures
Percentage of net expenses to deposits, 0.97983.
ASSAY O F F I C E O F T H E U N I T E D STATES, B O I S E ,
IDAHO.
J. W. CUNNINGHAM, A.ssay er in Charge.
There were received at the United States assay office, Boise, Idaho,
during the fiscal year ended June 30, 1900, 3,744 deposits of gold
bullion, of which 2,115 were regular deposits and 1,629 small lots of
less than five ounces each, which are not included in the general
accounts of the office. Neither is the value of these special deposits
included in the tabulated statement below.
The work in the service being uniform, the approximate number of
melts, mass melts, and assays will be obvious.
Deposits of bullion were received frbm the States of Idaho, Montana,
Oregon, Utah, Washington, and Wyoming, and from Northwest Territoiy (Klondike).
The deposits, earnings, and expenditures for the year were as follows:
Items.
Deposits:
Gold, 103,424.912 standard ounces
Silver, 32,475.19 standard ounces
$1,924,184.40
37,789.30
Earnings
Expenditures
1,961,973.70
5,481.03
13,0G5.48
Percentage of net expenses to deposits, 0.38657.
Following is a table of comparisons with the previous j^ear's business:
Increase.
Deposits
Expenses
Earnings
Net expenses
,
Percentage of expenses
~
PI 1 9 0 0 —
$1,564,698. 73
13,692.16
4,470.41
9,221. 75
0.58939
$1,961,973. 71
13,065. 48
5,481.03
7,584.45
0.38657
Decrease.
$397,274. 98
'""i," oio." 62'
$626.68
1,637. 30
0. 20282
338
REPORT ON T H E FINANCES.
UNITED
STATES ASSAY O F F I C E
AT C H A R L O T T E , N . C.
W. S. CLANTON, Assayer in Charge.
There was no change of importance in the operations of the office
during the fiscal year ended June 30, 1900. The ore assaying was
increased nearly one-fourth. There were no redeposits. The worn
United States coin deposited amounted to $113.46. The deposits of
foreign bullion were $221.54. The total deposits of the year were
$267,831.42 against $244,737.44 the preceding year, an increase of 9.5
per cent.
The deposits, earnings, and expenditures were as follows:
Items.
Deposits:
Gold
Silver
$266,595.55
1,235.87
Earnings
Expenditures
l
•
$267,831.42
1,944.65
4,750.00
Percentage of net expenses to deposits, 1.04744.
ASSAY O F F I C E
OF THE UNITED
STATES AT ST. L O U I S , MO.
JOHN BOY^LE, Jr., Assayer in Charge.
The valueof deposits of bullion during the fiscal year ended June 30,
1900, at the assay office at St. Louis aggregated $126,967.50, against
$111,779.35 for the previous fiscal year, a gain of $15,188.15.
There was deposited uncurrent domestic gold coin containing 86.454
standard ounces of gold of the coining value of $1,608.44. Unrefined
foreign bullion deposited contained 62.664 standard ounces of gold and
8.56 standard ounces of silver. There was also deposited jewelers' bars,
old plate, etc., containing 2,386.745 standard ounces of gold and 698.99
standard ounces of silver.
The redeposits from other institutions contained 42.653 standard
ounces of gold and 9.78 standard ounces of silver.
The following table shows amount of deposits, earnings, and expenditures, also the percentage of net deposits during the fiscal year 1900:
Deposits:
Gold
Silver (coining value)
Earnings
Expenditures
;
$125,797.40
1,170.10
$126,967.50
511.65
4.256.36
1
Percentage of net expenses to deposits, 2.96509.
UNITED
STATES ASSAY O F F I C E
AT D E A D W O O D ,
S.' D A K .
P. J. MINITER, Assayer in Charge.
The work of this office for the fiscal year just closed did not justify
our expectations at the beginning of the year, by reason of the fact
that the many extraction plants contemplated failed of completion before
DIRECTOR OF THE MINT.
339
June 30. In addition to the above, operations in placer mining, with
a few exceptions, practicall}^ ceased. Increased attention and practical
efforts are now centered in the establishmentof cyanide plants, twenty
being in the course of construction, some of which are just beginning
operations. We have reasons to believe, therefore, that the fiscal year
of 1901 will show a much larger business for this office than any since
its establishment.
The following statement shows the amount of deposits, earnings, and
expenditures, also percentage of net expenses to deposits, during the
fiscal year 1900:
Items.
Deposits:
Gold
Silver
1
1... $281,72L73
2,620.41
Earnings
Expenditures
Percentage of net expenses to deposits, 3.14964.
$284,342.14
898.22
9,853.99
U N I T E D STATES ASSAY O F F I C E AT S E A T T L E , WASH.
F. A. WING, Assayer in Charge.
During the fiscal year ended June 30, 1900, there were received at
the United States assay office, Seattle, 5,808 regular and 266 special
bullion deposits, requiring 6,273 melts and 14,005 assays to be determined. Twenty thousand cupels were made and 20 ounces of proof
gold and 300 ounces of quartation silver were prepared.
The gross weight of the regular deposits received aggregated
849,611.10 ounces. The weight of same after melting was 829,673.37
ounces, showing a loss in melting of 19,937.73 ounces, or 2.346 per
cent.
The value of the deposits amounted to $13,747,011.04, an average of
$2,366.91 to each deposit. The major portion of the bullion handled
was of foreign production, originating from the placer mines in the
Northwest Territories of Canada.
There were received from the Yukon territory (Klondike), Canada,
615,658.420 standard ounces of gold and 157,348.59 standard ounces of
silver.
From British Columbia 44,719.977 standard ounces of gold and
11,685.16 standard ounces of silver were received.
The domestic bullion handled, amounting to 66,932.263 standard
ounces of gold and 11,517.28 standard ounces of silver, was nearly all
of Alaska and Washington production. Small amounts were received
from California, Idaho, Montana, Oregon, and South Dakota.
Mutilated domestic gold coins to the amount of 5.338 standard ounces
were received.
Foreign gold coin to the amount of 198.083 standard ounces of gold
and 0.77 standard ounce of silver and jewelry amounting to 86.588
standard ounces of gold and 26.20 standard ounces of silver were
handled.
The redeposits of gold bullion for the year amounted to 6.724 standard ounces of gold and 1.88 standard ounces of silver, and were derived
from unparted bars originally manufactured at this institution.
340
REPORT ON THE FINANCES.
The average fineness of the bullion was, gold, 0.789 fine, and silver,
0.204
fine.
^
^ •
The following table shows the value of the deposits received, earnings and expenditures, and the percentage of net expenses to deposits
for the fiscal year ended June 30,1900:
Deposits:
Gold
Silver
$13,536,881.73
210,129.31
Earnings
Expenditures
Percentage of net expenses to deposits, 0.10121,
:
$13,747, Oil. 04
26,2n,43
40,125.26
BULLION OPERATIONS, LEGAL ALLOWANCE, AND WASTAGE FISCAL
YEAR 1900.
The amount of gold and silver bullion operated upon b}^ the melter
and refiners and coiners, the legal allowance, wastage, and per cent
of loss of the legal allowance at the mints and the assay office at New
York during the fiscal year ended June 30, 1900, is as follows:
GOLD BULLION,
Institution and department.
Philadelphia:
Melter and refiner's
Coiner's. ..
San Francisco:
Melter and refiner's
Coiner's
New Orleans:
Melter and refiner's
Coiner's
New York:
Melter and refiner's
Amount operated on.
Surplus.
Legal allowance.
Actual
wastage.
Standard ozs. Stand, ozs. Stand, ozs. Stand, ozs.
1,395,743,247
7,395.743
1,776.134
6,350,007.150
3,175.003
316.786
Loss of
the legal
allowance.
Per cent.
24.015
9,977
4,926,777.811
4,854,737.650
1,841,771
4,926.777
2,427.368
192.297
7.922
102,417.179
.53,435.300
32.997
102.417
26.717
4.038
15 113
3,239,367.380
326.320
3,239.367
SILVER BULLION.
Philadelphia:
Melter and
Coiner's
San Francisco:
Melter and
Coiner's
New Orleans:
Melter and
Coiner's
New York:
Melter and
20,519,090.97
20,546,499.20
11,800.11
30,778.63
20,546.49
8,633.17
42,013
refiner's
5,640,693.94
4,551,897.75
3,059.45
8,461.04
4,551.89
675.86
14,847
refiner's
30,599,561. 25
29,885,338.70
45,899.34
29,885.33
14,233.25
3,570.96
31.007
11.948
refiner's
6,795,357.81
refiner's
1
4,203.57
10,193.03
QUANTITY OF METAL OPERATED UPON, WASTAGE AND LOSS, FISCAL
YEAR 1900.
The quantity of. precious metals operated in the different departments of the mints and the assay office at New .York during the fiscal
year ended June 30, 1900, exceeded 923 tons of gold and 4,064 tons of
silver.
The value of the precious metals wasted in the metallurgical and
mechanical departments was $56,674.48. A loss of $14,774.06 occurred
341
DIRECTOR OF T H E MINT.
from the difference between the assay value of bullion contained in
sweeps and leady melts sold and the amount received for the same.
The wastages and losses aggregated $71,448.54. Against these losses
there were gains arising from the operations in bullion as follows:
GAINS ARISING FROM BULLION OPERATIONS,
1899 AND 1900.
Fiscal year Fiscal year
1899.
1900.
Character of gains.
Total gains
$77,153. 69
12,945.23
$54,201.16
13,294.21
8,791.82
11,026.76
98,890.74
Surplus huilion returned by operative officers
Precious metals received in grains and sweeps
Gain on bullion shipped from the minor assay offices to the mints for
coinage
78,522.13
Deducting the value of the total operative wastage and loss on sale
of sweeps from the incidental gains on bullion, there was a net gain in
the operations of the mints during the fiscal year of $7,073.59.
SUMMARY OF T H E WORK OF T H E MINOR ASSAY OFFICES, 1900.
The following table of deposits, earnings, and expenditures, with
the percentage of net expenditures to deposits and the manufacture of
unparted bars, summarize the work of the minor assa}^ offices, including the mints at Carson and Denver, during the fiscal year 1900.
DEPOSITS,
EARNINGS,
AND EXPENDITURES, WITH PERCENTAGE OF N E T EXPENSES TO
DEPOSITS.
Expenditures.
Percentage
of n e t e x penses to
deposits.
$1,132.08
22,197.66
5,48L03
4,596. 31
1,944.65
511.65
898.22
26,211.43
$13,073.72
41,346.71
13,065.48
24,510.65
4,750.00
4,256.36
9,853.99
40,125.26
5 85779
0.11199
38657
.97983
1.04744
2.96509
3 14964
.10121
35,722,830.10
Carson .
Denver
Boise.
Helena
Charlotte
St. L o u i s
Deadwood
Seattle
Earnings.
$203,858.85
17,098,424.96
1,961,973.70
2,032,420.49
267,831.42
126,967.50
284,342.14
13,747, Oil. 04
Institution,
62,973.03
150,982.17.
Deposits.
•
.
^
Total
BARS OF GOLD AND SILVER MANUFACTURED AND SHIPPED TO MINTS FOR COINAGE.
Shipped to mints.
. Institutions at which manufactured.
Gold,.
Carson
Denver.
Boise
H e l e n a . . .•
Charlotte
St. L o u i s
Deadwood
Seattle
-
Total...
- --
--
-..
..
-
-
Silver.
$190,483.46
16,997,559.00
1,692,986.82
:..
1,992,864.02
- -266,595.55
125,003.86
'
281,721.73
13,536,756.64
$13,375.39
99,481.46
34,600.08
38,707.07
1,235.87
1,158.72
2,620.41
210,127.12
35,083,971.08
401,306.12
SUMMARY OF OPERATIONS OF MINTS AND ASSAY OFFICES.
The precious metals received at the mints' and assav offices during
the fiscal year 1900 were valued at $238,755,736, against $254,392,856,
the amount reported the preceding year.
342
REPORT ON T H E FINANCES.
METALLURGICAL OPERATIONS, 1899 AND 1900.
The operations of the melting and refining departments of the coinage mints and assay office at New York for 1899 and 1900, as far as the
value of the metals treated is concerned, are exhibited in the following
table:
BULLION OPERATIONS OF THE MELTING DEPARTMENTS, 1899 AND 1900,
Fiscal year 1899.
Metal,
Gold
Silver
Standard
ounces.
Coining
value.
15,990,496 $297,497,562
68,822,797
59,144,591
. . . .
Total
Fiscal year 1900.
Standard
ounces.
15,664,306
63,554,704
Coining
value..
$291,428,948
73,954,565
364,383,513
366,320,359
MECHANICAL OPERATIONS, 1899 AND 1900.
The operations of the coining branches of the mints during the
fiscal year 1899 and 1900, in the manufacture of finished coin from
ingots prepared by the melting departments, were as follows:
BULLION OPERATIONS OF THE COINING DEPARTMENTS, 1899 AND 1900.
Fiscal year 1899.
Metals,
Standard
ounces.
Coining
value.
11,722,687 $218,096,503
57,355,194
49,289,620'
Gold
Silver
Total.
....
. .
Fiscal year 1900.
Standard
ounces.
11,258,180
54,983,736
275,451,697
Coining
value.
$209;454,512
63,981,074
273,435,586
W O R K OF MINOR ASSAY OFFICES, 1899 AND 1900.
The work of the minor assay offices at Helena, Mont.; Boise,
Idaho; Charlotte, N. C.; St. Louis, Mo.; Deadwood, S. Dak., and
Seattle, Wash., and of the mints at Carson, Nev., and Denver, Colo.,
which consists in the receipt and assaying of deposits and the manufacture of unparted bars of gold and silver, during the fiscal years
1899 and 1900, was as follows:
OPERATIONS OF MINOR ASSAY OFFICES, 1899 AND 1900,
.
Fiscal year 1899.
Metals,
Gold
Silver
Standard
ounces.
;
Total
1,709,380
212,625
Coining
value.
$31,802,428
247,418
Fiscal year 1900.
Standard,
ounces.
1,898,357
347,656
32,049,846
Coining
• value.
$35,318,270
404,545
35,722,815
OPERATIONS OF T H E MINT SERVICE 1899 AND 1900.
The following table is a summary of the three preceding tables, showing the value of the precious metals operated on at the mints and minor
assay offices during the fiscal years 1899 and 1900.
DIRECTOB
OF THE
343
MIWT.
BULLION OPERATED U P O N IN THE MELTING AND COINING DEPARTMENTS OF ALL THE
MINTS AND ASSAY OFFICES, 1899 AND
1900.
F i s c a l y e a r 1899.
Metals.
Standard
ounces.
Gold .
Silver
Coining
value.
27,713,184
108,434,211
'
Fiscal y e a r 1900.
Coining
value.
Standard
ounces.
$515,594,065
26,922,486 • $500,883,460
126,177,981 . 118,538,440
137,935,639
Total
641,772,046
638,819,099
MELTS OF GOLD AND SILVER FOR INGOTS MADE AND
1899 AND 1900.
CONDEMNED
The following table exhibits the number of melts for ingots made
and condemned at the coinage mints and the percentage of finished
coin produced from the gold and silver ingots operated upon during
the fiscal ye^vs 1899 and 1900:
NUMBER OP GOLD AND SILVER INGOTS M A D E AND CONDEMNED AND PERCENTAGE OF
FINISHED COIN PRODUCED FROM INGOTS OPERATED UPON AT EACH OF THE COINAGE
MINTS, 1899 AND
1900.
FISCAL YEAR 1899.
Gold.
Coinage mints.
1,034
2,012
•
12
7
3,046
Philadelphia
San Francisco
New Orleans
Total
Silver.
Melts of g o l d i n g o t s . P e r c e n t a g e
of finished
gold c o i n
produced
Confrom i n g o t s
Made,
demned. operated
upon.
19
44.90
54.84
Melts of silver.
Made,
Percentage
silver c o i n
produced
Confrom i n g o t s
demned. operated
, upon.
4,538
5,261
2,739
4
40
10
12, 538
54
5,598
2,816
3,556
52
11,970
.
60
49 20
53.50
44 80
FISCAL YEAR 1900,
1,169
1,691
23
.*
Total
40
15
3
2,883
Philadelphia
San F r a n c i s c o
N e w Orleans
58
47.70
57.25
37.11
8
50 80
53.37
44 39
COMPARISON OF THE BUSINESS OF THE MINTS AND ASSAY OFFICES OF THE UNITED
STATES FOR THE FISCAL YEARS 1899 AND
1900.
. DEPOSITS, BARS MANUFACTURED, AND COINAGE.
Bars manufactured.
Deposits.
Gold.
Institutions.
. 1899.
1900.
1899.
Silver.
1900.
1899.
$117,478.08
17,148.28
9,342.24
3,950.85
8,195,351.06
62,872.07
25,141.67
39,061.26
1,305.77
951.52
2,447.11
111,660.72
P h i l a d e l p h i a . . $84,936,261. 38 $62,298,582.28
S a n F r a n c i s c o 61,315,442.48 '60,459,762.81
203,858.85
306,976.30
Carson
N e w O r l e a n s . . 13,447,938.39 16,467,722. 32
62,336,445.67 63,806,838.73
NCAV Y o r k
21,180,138.28 17,098,424.96
Denver
1,961,973.70
1,564,698. 73
Boise
2,077,991.34
2,032,420.49
Helena
267,831.42
244,737.45
Charlotte
126,967.50
111,779.35
St. Louis
284,342.14
319,748. 69
Deadwood —
6,550,698.16 13,747, Oil. 04
Seattle
3,870. 75
53,170,116.54
21,114,763.13
1,280,657.17
2,036,679.26
243,431.68
110,827.83
317,301.58
6,395,250.11
$2,209, 704. 97
3,957.77
190,483.46
6,112.37
57,963,422.83
16,997, 559.00
1,692,986.82
1,992,864.02
266,595.55
125,003.86
281,721.73
13,536,756.64
T o t a l . . . . 254,392,856.22 238,755,736.24
85,540,910. 53
95,267,169. 02 . 8,586', 710. 63
$868,012.48
1900.
$99, 680. 68
494,670. 66
13,375. 39
5,841.15
7,647,808.53
99,481.46
34, 600. 08
38,707.07
1,235. 87
1,158.72
2,620.41
210,127.12
8,649,307.14
344
REPORT ON T H E FINANCES.
COMPARISON OF THE BUSINESS OF THE MINTS AND ASSAY OFFICES OF THE UNITED
STATES FOR THE FISCAL YEARS 1899 AND 1900—Continued.
DEPOSITS, BARS MANUFACTURED, AND COINAGE—Continued.
Gold c o i n a g e .
Institutions.
Minor coinage.
Silver c o i n a g e .
1899.
1900.
1899.
P h i l a d e l p h i a . - $49, 919,180:00 $56,390,640.00
S a n Fi'ancisco 58,258,000.00 51,176,000. 00
New Orleans
370,470.00
T o t a l . . . . 108,177,180.00 107,937,110.00
1900.
1
1899.
1
$9,918,311.65 'a$12,794,820.40
5,604,275.00 i
2,850,012.75
12,199,000.00 1 15,527,000.00
27,721,586. 65
31,171,833.15
1900,
$956,910.14 $2,243,017.21
956,910.14
2,243,017.21
a Includes 50,000 Lafayette souvenir dollars.
BULLION OPERATIONS AND WASTAGE.
Gold b u l l i o n r e c e i v e d b y m e l t e r a n d
refiner.
Institutions.
Operations.
1899.
Stand, ozs.
7,329,664
Philadelphia
San F r a n c i s c o . . . 5,644,341
86,246
New Orleans
New York
2,930,246
Total
1900.
Silver b u l l i o n r e c e i v e d b y m e l t e r a n d
refiner.
Wastage.
1899.
operations.
1900.
1899.
Stand, ozs. Stand ozs. S t a n d ozs.
7,395,743
1,776
4,926,777
102,417
3,239,367
15,990,497 15,664,304
Stand, ozs.
17,049,544
8,730,764
26,157,'727
7,206,556
Operations.
1899.
1900.
1899.
5,490
14,233
Silver b u l l i o n r e c e i v e d b y coiner.
Wastage.
1899.
1900.
Stand, ozs. S t a n d ozs. Stand.ozs.
20,519,090
5,640,693
30,599,561
14 233
5,490
6,795,357
1,776 59,144,591 63,554,701
Gold b u l l i o n r e c e i v e d b y coiner.
Institutions.
Wastage.
1900.
Operations.
1900.
1899.
Wastage.
1900.
1899.
1900.
Stand, ozs. Stand, ozs. Stand.ozs. Stand.ozs. Stand, ozs. Stand, ozs. Stand.ozs. Stand.ozs.
Philadelphia
5,977,860 6,350,007
316 16,567,080 20,546,499
8,633
1,467
217
192 9,130,043 4,551,897
675
S a n F r a n c i s c o . . . 5,744,827 4,854,737
4 23,592,495 29,885,338
858
3,570
New Orleans
53,435
Total
11,722, 687 11,258,179
512 49,289,618 54,983,734
217
2,325
12,878
OPERATIONS OF MINOR ASSAY OFFICES,
Gold b u l l i o n operations.
Institutions.
1899.
1899.-
1900.
Stand, ozs. S t a n d ozs. Stand, ozs. Stand, ozs.
10,238
11,868
74,059
11,494
913,691
1,135,050
85,519
54,083
103,425
82,565.
32,475
24,575
107,162
109,590
33,269
33,613
14,330
13,084
1,062
1,122
6,762
5,960
1,005
.
818
15,142
17,055
2,252
2,103
727,607
346,076
180,580
96,311
Carson
Denver
Boise
Helena
Charlotte
St. L o u i s
Deadwood
Seattle
Total
1900.
Silver b u l l i o n operations.
.
..
1,721,248
1,898,357
286,684
347,656
DIRECTOR OF THE MINT.
345
WASTAGE AND LOSS ON SALE OF SWEEPS, FISCAL YEAR
Mint at—
Loss.
Philadelphia.
Melter and refiner's gold wastage
Melter and refiner's silver wastage
Coiner's gold wastage
Coiner's silver wastage . . .'
Loss on sale of sweeps
San Francisco.
$33,044.37
New Orleans.
1900.
Assay office
at New
York.
Total.
5,893.69
5,205.14
4,719.40
Total
RECENT
$2,942.37
$33,044.37
6,797.71
9,546.44
7,285.96
14,684.95
7,330.35
12,224.11
2,942. 37
71,359.43
45,393.05
4,029.28
12,224.11
3,469.55
3,301. 07
48,862.60
Paid as follows:
From contingent appropriation
From parting and refining appropriation
$6,797.71
75.13
1,705.47
3,645.80
48,862. 60
Total
$3,577.62
375.35
3,377.38
7,330.35
MONETARY
61,646.44
2,942.37
12,224,11
9,712.99
2,942, 37
71,359,43
LEGISLATION.
THE GOLD-STANDARD LAW.
The fiscal year just expired marks an epoch in the financial historj^
of the United States.
By the terms of the act of Congress of March 14,1900, printed below,
for the first time in the history of our monetaiy legislation the gold
standard has been declared in express language the legal standard of
value, with which a parity must be maintained by all other forms of
money issued or coined by the United States.
AN 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.
Be it enacted by the Senate and House of Representatives of the United States of America
'in Congress assembled. That the dollar consisting of twenty-five and eight-tenths
grains of gold nine-tenths fine, as established by section thirty-five hundred and
eleven of the Revised Statutes of the United States, shall be the standard unit of
value, and all forms of money issued or coined by the United States shall be maintained at a parity of value with this standard, and it shall be the duty of the Secretary of the Treasury to maintain such parity.
S E C 2, That United States notes, and Treasury notes issued under the Act of
July fourteenth, eighteen hundred and ninety, when presented to the Treasury for
redemption, shall be redeemed in gold coin of the standard fixed in the first section
of this Act, and in order to secure the prompt and certain redemption of such notes
as herein provided it shall be the duty of the Secretary of the Treasury to set apart
in the Treasury a reserve fund of one hundred and fifty million dollars in gold coin
and bullion, which fund shall be used for such .redemption purposes only, and 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 such reserve fund in the manner following, to wit: First, by exchanging the notes so redeemed for any gold coin in the general fund of the Treasury;
second, by accepting deposits of gold coin at the Treasury or at any subtreasury in
exchange for the United States notes so redeemed; third, by procuring gold coin by
the use of said notes, in accordance with the provisions of section thirty-seven hundred of the Revised Statutes of the United States. 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, then 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 thus incurred to issue
and sell coupon or registered bonds of the United States, in such forms as he may
• prescribe, in denominations of fifty dollars or any multiple thereof, bearing interest
at the rate of not exceeding three per centum per annum, payable quarterl}^, such
bonds to be payable at the pleasure of the United States after one year from the date
346
REPORT ON T H E FINANCES.
of their issue, and to be payable, principal and interest, in gold coin of the present
standard value, and to" be exempt from t h e 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; and the gold coin received from t h e sale of said bonds shall first be
covered into the general fund of the Treasury and then exchanged, in the manner hereinbefore provided, 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 t h e 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. That United States notes Avhen redeemed
in accordance with the provisions of this section shall be reissued, but shall be held
in t h e reserve fund until exchanged for gold, as herein provided; and the gold coin
and bullion in the reserve fund, together with the redeemed notes held for use as
provided in this section, shall at no time exceed the maximum sum of one hundred
and fifty million dollars.
S E C 3. That nothing contained in this Act shall be construed to affect the legaltender quality as now provided by law of the silver dollar, or of any other money
coined or issued by the United States.
S E C 4, That there be established in the Treasury Department, as a part of the
office of the Treasurer of the United States, divisions to be designated and known as
the division of issue and the division of redemption, to which shall be assigned,
respectively, under such regulations as the Secretary of the Treasury may approve,
all records and accounts relating to t h e issue and redemption of United States notes,
gold certificates, silver certificates, and currency certificates. There shall be transierred from the accounts of the general fund of t h e Treasury of the United States,
and taken up on the books of said divisions, respectively, accounts relating to the
reserve fund for the redemption of United States notes and Treasury notes, the gold
coin held against outstanding gold certificates, t h e United States notes held against
outstanding currency certific'ates, and t h e silver dollars held against outstanding
silver certificates, and each of the funds represented by these accounts shall be used
for the .redemption of the notes and certificates for which they are respectively
pledged, and shall be used for no other purpose, the same being held as trust funds.
S E C 5, That it shall be the duty of the Secretary of the Treasury, as fast as standard
silver dollars are coined under t h e provisions of t h e Acts of July fourteenth, eighteen
hundred and ninety, and June thirteenth, eighteen hundred and ninety-eight, from
bullion purchased under t h e Actof July fourteenth, eighteen hundred and ninety, to
retire and cancel an equal amount of Treasury notes whenever received into the
Treasury, either by exchange in accordance with the provisions of this Act or in the
ordinary course of business, and upon the cancellation of Treasury notes silver
certificates shall be issued against t h e silver dollars so coined.
S E C 6. That the Secretary of the Treasury is hereby authorized and directed to
receive deposits of gold coin with the Treasurer or any assistant treasurer of the
United States in sums of not less than twenty dollars, and to issue gold certificates
therefor in denominations of not less than twenty dollars, and the coin so deposited
shall be retained in the Treasury and held for the payment of such certificates on
demand, and used for no other purpose. Such certificates shall be receivable for
customs, taxes, and all public dues, and when so received may be reissued, and when
held by any national banking association m a y b e counted as a partof its lawful
reserve: Provided, That whenever and so long as t h e gold coin held in the reserve
fund in the Treasury for the redemption of United States notes and Treasury notes
shall fall and remain below one hundred million dollars the authority to issue certificates as herein provided shall be suspended: And provided further, 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 provided further. That of the amount of such outstanding certificates
one-fourth at least shall be in denominations of fifty dollars or less: And provided
further. That t h e Secretary of the Treasury may, in his discretion, issue such certificates in denominations of ten thousand dollars, payable to order. And section fiftyone hundred and ninety-three of the Revised Statutes of the United States is hereby
repealed.
S E C 7. That hereafter silver certificates shall be issued only of denominations of
ten dollars and under, except that not exceeding in t h e aggregate ten per centum of
t h e total volume of said certificates, in the discretion of t h e Secretary of t h e Treasury,
may be issued in denominations of twenty dollars, fifty dollars, and one hundred dollars; and silver certificates of higher denomination than ten dollars, except as herein
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
DIRECTOR OF THE MINT.
'
347
therefor, and after such substitution, in whole or in part, a like volume of United
States notes of less denomination than ten dollars shall from time to time be retired
and canceled, and notes of denominations of ten dollars and upward shall be reissued
in substitution therefor, with like qualities and restrictions as those retired and canceled.
S E C 8. That the Secretary of the Treasury is hereby authorized to use, at his discretion, any silver bullion in the Treasury of the United States purchased under the
Act of July fourteenth, eighteen hundred and ninety, for coinage into such denominations of subsidiary silver coin as may be necessary to meet t h e public requirements
for such coin: Provided, That the amount of subsidiary silver coin outstanding shall
not at any time exceed in the aggregate one hundred millions of dollars. Whenever
any silver bullion purchased under the Act of July fourteenth, eighteen hundred and
ninety, shall be used in the coinage of subsidiary silver coin, an amount of Treasury
notes issued under said Act equal to the cost of the bullion contained in such coin
shall be canceled and not reissued.
S E C 9. That the Secretary of the'Treasury is hereby authorized and directed to
cause all worn and uncurrent subsidiary silver coin of the United States now in the
Treasury, and hereafter received, to be recoined, and to reimburse the Treasurer of
the United States for the difference between the nominal or face value of such coin
and the amount the same will produce in new coin from any moneys in the Treasury
not otherwise appropriated.
S E C 10, That section fifty-one hundred and thirty-eight of the Revised Statutes is
hereby amended so as to read as follows:
''Section 5138, No association shall be organized with a less capital than one hundred thousand dollars, except that banks with a capital of not less than fifty thousand
dollars maj^, with the approval of the Secretary of the Treasury, be organized in any
place the population of which does not exceed six thousand inhabitants, and except
that banks with a capital of not less than twenty-five thousand dollars may, with the
sanction of the Secretary of the Treasury, be organized in any place the population,
of which does not exceed three thousand inhabitants. No association sha-ll be organized in a city the population of which exceeds fifty thousand persons with a capital
of less than two hundred thousand dollars."
S E C 11. That the Secretary of the Treasury is hereby authorized to receive at the
Treasury any of the outstanding bonds of the United States bearing iDterest at five
per centum per annum, payable February first, nineteen hundred and four, and any
bonds of the United States bearing interest at four per centum per annum, payable
J u l y first, nineteen hundred and seven, and any bonds of the United States bearing
interest at three per centum per annum, payable August first, nineteen hundred and
eight, 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, and said bonds to be
payable, principal and interest, 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: Provided,
That such outstanding bonds may be received in exchange at a valuation not greater
than their present worth to yield an income of two and one-quarter per centum per
annum; and in consideration of the reduction of interest effected, the Secretary of
the Treasury is authorized to pay to the holders of the outstanding bonds surrendered for exchange, out of any money in the Treasury not otherwise appropriated, a
sum not greater than t h e difference between their present worth, computed as aforesaid, and their par value, and the payraents to be made hereunder shall be held to
be payments on account of the sinking fund created by section thirty-six hundred
and ninety-four of the Revised Statutes: And provided further. That t h e two per
centum bonds to be issued under the provisions of this Act shall be issued at not less
than par, and they shall be numbered consecutively in the order of their issue, and
when payment is made the last numbers, issued shall be first paid, and this order
shall be followed until all the bonds are paid, and whenever any of t h e outstanding
bonds are called for payment interest thereon shall cease three months after such
call; and there is hereby appropriated out of any money in the Treasury not otherwise appropriated, to effect the exchanges of bonds provided for in this Act, a sum
not exceeding one-fifteenth of one per centum of the face value of said bonds, to pay
t h e expense of preparing and issuing the same and other expenses incident thereto.
S E C 12. That upon the deposit with t h e Treasurer of t h e United States, by any
national bankmg association, of any bonds of the United States in the manner provided
by existing law, such association shall be entitled to receive from the Comptroller of
the Currency circulating notes in blank, registered and countersigned as provided by
348 °
REPORT ON THE FINANCES.
law, equal in amount to the par value of the bonds so deposited; and any national
banking association now having bonds on deposit for t h e security of circulating notes,
and upon which an amount of circulating notes has been issued less than the par value
of the bonds, shall be entitled, upon due application to the Comptroller of the Currency, to receive additional circulating notes in blank to an amount which will increase t h e circulating notes held by such association to the par value of t h e bonds
deposited, such additional notes to be held and treated in the same way as circulating
notes of national banking associations heretofore issued, and subject to all the provisions of law affecting such notes: Provided, That nothing herein contained shall be
construed to modify or repeal the provisions of section fifty-one hundred and sixtyseven of t h e Revised Statutes of the United States, authorizing t h e Comptroller of
the Currency to require additional deposits of bond§ or of lawful money in case the
market value of t h e bonds held to secure the circulating notes shall fall beloAv the
par value of t h e circulating notes outstanding for which such bonds may be deposited
as security: And provid,ed further. That t h e circulating notes furnished to national
banking associations under the provisions of this Act shall be of t h e denominations
prescribed by law, except that no national banking association shall, after the passage of this Act, be entitled to receive from t h e Comptroller of t h e Currency, or to
issue or reissue or place in circulation, more t h a n one-third in amount of its circulating notes of t h e denomination of five dollars: A.nd provided further. That the total
amount of such notes issued to any such association may equal at any time but shall
not exceed t h e a m o u u t at such time of its capital stock actually paid in: And provided further. That under regulations to be prescribed by t h e Secretary of the Treasury
any national banking association may substitute the two per centum bonds issued
under the provisions of this Act for any of the bonds deposited with the Treasurer to
secure circulation or to secure deposits of public money; and so much of an Act
entitled '' An Act to enable national banking associations to extend their corporate
existence, and for other purposes," approved July twelfth, eighteen hundred and
. eighty-two, as prohibits any national bank which makes any deposit of lawful money
in order to withdraw its circulating notes from receiving any increase of its circulation for t h e period of six months from the time it made such deposit of lawful money
for t h e purpose aforesaid, is hereby repealed, and all other Acts or parts of Acts
inconsistent with the provisions of this section are hereby repealed.
S E C 13. That every national banking association having on deposit, as provided by
law, bonds of the United States bearing interest at t h e rate of two per centum per
annum, issued under t h e provisions of this Act, to secure its circulating notes, shall
pay to the Ti-easurer of the United States, in the months of January and July, a tax
of one-fourth of one per centum each half year upon the average amount of such of
its notes in circulation as are based upon t h e deposit of said two per centum bonds;
and such taxes shall be in lieu of existing taxes on its notes in circulation imposed b y
section fifty-two hundred and fourteen of the Revised Statutes.
S E C 14. That the provisions of this Act are not intended to preclude the accomplishment of international bimetallism whenever conditions shall make it expedient
and practicable to secure the same by concurrent action of t h e leading commercial
nations of t h e world and at a ratio which shall insure permanence of relative value
between gold and silver.
Approved, March 14, 1900.
T H E LAFAYETTE DOLLAR.
During the last year 50,000 silver dollars of a special design known
as the Lafayette dollar were struck at the Philadelphia mint and delivered to the Lafayette Memorial Commission in pursuance of provision
of Congress, which is given below.
Lafayette Monument: F o r t h e purpose of aiding in defraying t h e cost of a pedestal and completing in a suitable manner the work of erecting a monument in the
city of Paris to General Lafayette, designed b y the Lafayette Memorial Commission
as a feature of t h e participation of theUnited States in the Paris Exposition of nineteen
, hundred, t h e Secretary of t h e Treasury shall be, and is hereby, authorized to purchase in t h e market twenty-five thousand dollars worth of silver bullion, or so much
thereof as may be necessary for the purpose herein provided for, irom which there
shall be coined at t h e mints of the United States silver dollars of legal weight and
fineness to the number of fifty thousand pieces, to be known as t h e Lafayette dollar,
struck in commemoration of the erection of a monument to General Lafayette, in
the city of Paris, France, by the youth of the United States, the devices and designs
DIRECTOR OF THE MINT.
349
upon which coins shall be prescribed by the Director of the Mint, with the approval
of the Secretary of the Treasury, and all provisions of law relative to coinage and
legal-tender quality of the present silver dollars shall be applicable to the coins
issued under this act, and when so coined there is hereby appropriated from the
Treasury the said fifty thousand of souvenir dollars, and the Secretary of the Treasury
is authorized to place the same at the disposal of the Lafayette Memorial Commission,
a commission organized under the direction and authority of the CommissionerGeneral for the United States to the Paris Exposition of nineteen hundred.
It will be observed that the act authorizing the coinage of the
Lafayette dollars appropriated the sum of $25,000 for the purchase of
the silver bullion to coin the same. They contain 38,675.875 ounces
of fine silver, which was purchased in the open market at a cost of
$23,032.80. The Government realized no seigniorage on the coinage
of these dollars.
REDEMPTION OF PORTO RICAN MONEY.
The acquisition of new territory ceded to the United States by the
Government of Spain made it incumbent upon Congress to devise a
plan for retiring the coins formerly in circulation in that territor}^ and
substituting United States currency in place thereof. This was done
by the act of April 12, 1900, which provides for revenues and the
establishment of a civil government in Porto Eico. The portions of
that act relating to currency are given below. Under the provisions
of said act 5,470,704.97 pesos of former Porto Rican coins were
retired from May 2 to August 20,1900. It was estimated that at least
90 per cent of the pesos in circulation. on the day the act took effect
had thus been retired and replaced by United States currenc}^
REDEMPTION OF PORTO RICAN COINS.
AN ACT Temporarily to provide revenues and a civil government for Porto Rico, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America
in Congress assembled. That the provisions of this Act shall apply to the island of Porto
Rico and to the adjacent islands and waters of the islands lying east of t h e seventyfourth meridian of longitude west of Greenwich, which were ceded to the United States
by t h e Government of Spain by treaty entered into on the tenth day of December,
eighteen hundred and ninety-eight; and the name Porto Rico, as used in this Act,
shall be held to include not only the island of that name, but all the adjacent islands
as aforesaid.
*
•
*
^:-
*
-K-
^
-^
.
S E C 11. That for the purpose of retiring the Porto Rican coins now in circulation
in Porto Rico and substituting therefor the coins of the United States, the Secretary
of the Treasury is hereby authorized to redeem, on presentation in Porto Rico, all the
silver coins of Porto Rico known as the peso and all other silver and copper Porto
Rican coins now in circulation in Porto Rico, not including any such coins that may
be imported into Porto Rico after t h e first day of February, nineteen hundred, at the
present established rate of sixty cents in the coins of the United States for one peso
of Porto Rican coin, and for all minor or subsidiary coins t h e same rate of exchange
shall be applied. The Porto Rican coins so purchased or redeemed shall be recoined
at the expense of the United States, under the direction of the Secretary of the Treasury,
.into such coins of t h e United. States now authorized by law as he may direct, and
from and after three months after the date when this Act shall take efect no coins
shall be a legal tender, in payment of debts thereafter contracted, for any amount in
Porto Rico, except those of the United States; and whatever sum may be required to
carry out the provisions hereof, and to pay all expenses that may be incurred in connection therewith, is hereby appropriated, and the Secretary of the Treasury is hereby
authorized to establish such regulations and employ such agencies as may be necessary to accomplish the purposes hereof: Provided, however. That all debts owing on
350
REPORT ON T H E F I N A N C E S .
the date when this Act shall take effect shall be payable in the coins of Porto Rico
now in circulation, or in the coins of the United States at the rate of exchange above
named.
•X-
^
-X-
•
-X-
-X-
-K-
^
S E C 41. That this Act shall take effect and be in force from and after the first day
of May, nineteen hundred.
Approved, April 12, 1900.
IMPORTANT FOREIGN MONETARY" LEGISLATION.
INDIAN CURRENCY.
The outgoing fiscal year has witnessed the end of the unsettled state
of Indian currency, which had in 1893 led to the closure of the Indian
mints to the receipt of silver for coinage from the public and had since
engaged the solicitude of the Government. By the act passed on September 15 of last year (Act X X I I , 1899), as the outcome of the Indian
currency committee's report, gold has become legal tender in India.
To quote the language of Mr. J. F . Finlay, secretary to the Government of India, in its financial statement for 1900-1901:
India has at length emerged from a period' of transition in her currency; has
reached the goal to Avhich she has been struggling for years; has established a gold
standard and a gold currency, and has attained that practical fixity in exchange
which has brought a relief alike to the private individual and to the Government
finances.
.
A brief review of the monetaiy history of India will aid in appreciating the difficulty which had to be overcome in order to achieve
these results. Mr. MacLeod, the veteran student of currency problems
and author of the well-known Elements of Political Economy, in his
testimony before the Indian currency committee, refutes the very
widespread, but entirely erroneous, opinion that from the earliest
antiquity silver was the sole measure of value in India.
I n the very earliest ages India had only a gold currency; India produces much
gold, but no silver. But, from a very early period. Western nations imported vast
quantities of silver into India, partly to purchase gold, because gold was cheaper there
than anywhere else—the ratio of silver to gold in Persia was 1 to 13; in India itw^as
1 to 8—and also to purchase Indian products, India was in those days a very highly
civilized country, while Western nations were still barbarous. Consequently India
wanted ho Western products, and would sell her own products for nothing but the
precious metals. But t h e silver was only brought to Northern India, because the
country of the Lower Indus was the great producer of gold. There was no silver
money in Southern India till 1818. (From Minutes of Evidence, Indian Currency
Committee, Part II, No. 12936, London, 1899.)
The history of Indian currency from the beginning of the present
century is thus summed up in the report of the Indian currency
committee:
At the beginning of the present century no uniform measure of value existed in
British India. Some parts of India (e. g. Madras) maintained a gold standard and
currency; elsewhere, as in Bengal, a silver standard obtained, with gold coins in concurrent circulation; throughout India the coins, whether gold or silver, differed in
denomination and differed in intrinsic value even within t h e same district. Out of
this confusion arose t h e demand for a uniform coinage, a demand to which t h e '
court of directors of t h e East India company gave their approbation in the important
dispatch on Indian currency addressed by t h e m to t h e governments of Bengal and
Madras on April 25, 1806. I t is important to observe that t h e directors ^ '^ *
by no means desired to drive gold out of circulation. ' ' I t is not by any means our
wish," they said, ' ' t o introduce a silver currency to t h e exclusion of the gold, where
the latter is the general measure of value, any more than to force a gold coin where
silver is the general measure of value." Nevertheless, the first fruits of the policy of
1806 were seen in the substitution in 1818 of the silver rupee for the gold pagoda as
'
DIRECTOR OF THE MINT.
351
the. standard coinof the Madras Presidency, where gold coins had hitherto been
t h e principal currency and money of account. I n 1835, when t h e present silver
rupee was formally established as the standard coin of the whole of British India, it
was enacted t h a t " n o gold coin shall henceforward be a legal tender of payment in
any of the territories of the East India Company.''
But, though gold had ceased to be a legal tender in India as between private individuals, t h e coining of gold mohurs (or "15 rupee pieces") was authorized by the act
of 1835, and a proclamation of January 13, 1841, authorized officers in charge of
public treasuries "freely to receive these coins at the rates, until further orders,
respectively denoted by the denomination of the pieces." As the gold mohur and
t h e silver rupee were of identical weight and fineness, this proclamation represented
a ratio of 15 to 1 between gold and silver.
I n 1852 it was held by the directors of the East India Company, on representations
from t h e government of India, t h a t t h e effect of this proclamation " h a s been and is
likely to be still more embarrassing" to the government of India. " T h e extensive
discoveries of gold in Australia having had t h e effect of diminishing its value relatively to silver, holders of gold coin have naturally availed themselves of the opportunity of obtaining at the government treasuries a larger price in silver than they
could obtain in the market," Consequently, on December 25,1852, there was issued
a notification withdrawing the above provision of 1841, and declaring that on and
after January 1, 1853, " n o gold coin will be received on account of payments due, or
in any Avay made, to t h e government in any public treasury within the territories of
the East India. Company,"
I n 1864 the Bombay Association, representing the native mercantile community of
Bombay, and the chambers of commerce of Bengal, Bombay, and Madras, having
memorialized t h e government of India for a gold currency, ^ "^ ^ the imperial
government, while unwilling to make t h e sovereign a legal tender, saw no "objection
to reverting to a state of matters which prevailed in India for many years, namely,
t h a t gold coin should be received into t h e public treasuries at a rate to be fixed by
government and publicly announced by proclamation," I t was considered that this
experimental measure '' will, as far as it goes, facilitate the use of the sovereign and
half sovereign in all parts of India; it will pave the way.for the use of a gold coinage
in whatever shape it may ultimately be found advisable to introduce it," -x-, ^ ^
Accordingly on November 23, 1864, a notification was issued that sovereigns and
half sovereigns should, until further notice, be received as equivalent to 10 rupees
and 5 rupees, respectively^ in payment of sums due to government. ^ ^ ^
On October 28,1868, the government of India raised the rate for t h e receipt of
sovereigns and half sovereigns at the public treasuries from 10 rupees and 5 rupees
to lOJ rupees and 5J rupees, respectively.
-X
-x
-x
-x
^
^
^
Between 1878 and 1892 the continued fall in the gold price of silver caused repeated
embarrassment to t h e government of India, but t h e main object of such attempts as
were made by that government to deal with the subject during the period in question
was not -to effect a change of standard in India, but to facilitate an international
agreement which might cause a rise in the gold price of silver, and thus diminish the
inconvenience resulting from the retention of a silver standard in India. ^ •^' ^
I n 1892 Indian representatives were sent to the International Monetary Conference at Brussels, which was convened for the consideration of measures for the
increased use of silver as currency.
^
-x
4f
^
-x«
vei n their dispatch of March 23,1892, the government of India, while urging the
secretary of state to lend his '' support to any proposals that might be made by the
United States of America, or by any other country, for the settlement of the silver
question by international agreement,'' called attention to the probabilitj^ that failing
an international agreement t h e United States would be forced to stop t h e purchase
and coinage of silver, and they requested the Imperial Government, in view of this
contingency, to take forthwith into consideration whether any, and if so what,
measures could be adopted for the protection of Indian interests. On J u n e 21,
1892, the government of India proceeded to record their "deliberate opinion that, if
it becomes evident that the international conference is unlikely to arrive at a satisfactory conclusion, and if a direct agreement between India and t h e United States is
found to be unattainable, t h e government of India should at once close its mints to
the free coinage of silver and make arrangements for the introduction of a gold
standard."
•X-
-x-
-x-
•• •
-X
-X-
-X-
-X-
The proposals of the government of India were referred on October 21,1892, by
t h e Earl of Kimberley, then secretary of state for India, to a committee consisting of
the late Lord lierschell, Lords Farrer and Welby, Mr. Leonard Courtney, Sir
352
REPORT ON THE FINANCES.
Arthur Godley, Lieut. Gen. Sir Richard Strachey, and the late Mr. Bertram Currie;
and on May 31,1893 (the Brussels conference having meanwhile adjourned without arriving at any agreement), the committee reported as follows:
'' While conscious of the gravity of the suggestion, we can not, in view of the serious
evils with which the government of India may at any time be confronted if matters
are left as they are, advise your lordship to overrule the proposals for the closing of
the mints and the adoption of a gold standard, which that government, with their
responsibility and deep interest in the success of the measures suggested, have submitted to you. But we consider that the following modifications of these proposals
are advisable. The closing of the mints against the free coinage of silver should be
accompanied by an announcement that, though closed to the public, they will be used
by government for the coinage ol rupees in exchange for gold at a ratio to be then
fixed, say Is. 4d. per rupee; and that at the government treasuries gold will be received
in satisfaction of public dues at thesame ratio. We do not feel ourselves able to
indicate any special time or contingency when action should be taken. * * ^ We
think that it should be in the discretion of the government of India, with the
approval of the secretary of state in council, to take the requisite steps, if and when
it appears to them and to him necessary to do so."
The committee's recommendations having been approved by the Imperial and
Indian governments, there was passed, on June 26, 1893, the act No. VIII, of 1893,
"to amend Indian coinage act, 1870, and the Indian paper currency act, 1882,"
This act provided for the closing of the Indian mints to the "free coinage" of both
gold and silver, government retaining the power to coin silver rupees on its own
account. By notifications (Nos. 2662-4) of June 26, 1893, arrangements were made
(I) for the receipt of gold at the Indian mints in exchange for rupees at a rate of 16d.
per rupee; (II) for the receipt of sovereigns and half-sovereigns in payment of sums
due to government at the rate of 15 rubles for a sovereign, and (III) for the issue
of currency notes to the comptroller-general in exchange either for British gold at
the above rates or for gold bullion at a corresponding rate.
In 1897, under chapter 376, acts of the Fift3^-fourth Congress, the
President of the United States was authorized to appoint a commission
'Ho seek b)^ diplomatic negotiations an international agreement," which
would secure '.^a fixity of relative value between gold and silver as
money by means of a common ratio between these metals, with free
mintage at such ratio."
The proceedings of the commission appointed b}^ the President of
the United States under this act were extensively reviewed b}'^ me in
my report for the fiscal year ended June 30, 1898, and need not be
dwelt upon here. I t may be mentioned, however, that the proposals
of the late bimetallic commission were gone into b}^ the Indian currency committee in connection with the general question of regulating
the ratio between the two metals b}^ international agreement. While
the witnesses who testified before the committee widely differed in
their views on the currency question, all were agreed that an attempt
to fix the ratio artificially on the basis sugg-ested by France (15i to 1),
or at 16 to 1, would be disastrous. Lord Aldenham, president of the
Bimetallic League, and a director of the Bank of England since 1853,
who represented the British. Government at the International Monetary
Conference in Paris in 1878, was in favor of continuing the status quo
in India, believing that it might be possible, by negotiations with the
United States Government, to make arrangements ''under which the
Indian mints could be reopened to silver under circumstances which
the government of India had indicated as safe and satisfactory." He
thought that the United States Avould be disposed to adopt the ratio of
22 to 1, corresponding to that recommended by the goyernment of
India for the rupee (15 Rx. for 1 sovereign, or Is. 4d. the rupee).
The committee rejected the suggestion of prolonging indefinitely the
monetary uncertaint}^ in India, abstaining, however, from any recommendations as to the future policy with respect to international bimetallism and confining themselves " to stating that the negotiations of
DIRECTOR OF THE MINT.
353
1897 with France and the United States of America having proved
fruitless, no fresh proposals, so far as we are aware, have been or are
being.made b}^^ any of the governments concerned."
The Indian currency committee was appointed primarily to consider
the proposals of the Government of India in relation to Indian currency reform. The problem before the committee was very intricate,
involving many mooted questions of political economy and finance.
The two volumes of evidence abound in elaborate arguments by statesmen, practical business men, and scientific students, widely differing
in their views. I t was practically agreed that two causes had cooperated in determining the course of the Government of India: (1) The
fall in the rate of exchange, or in other words the depreciation of the
gold value of the rupee, resulting in heavy losses to the Government
of India, which was obliged to make remittances in gold to the home
government, and (2) the stringency in the Indian money mairket.
The main object of the government of India in closing the mints to
silver in 1893, was to raise the value of the rupee above its intrinsic
value in silver, which, it was expected, would result from curtailing the
supply of rupees. This object was actually attained by the government, as seen from the following table, taken from the committee's
report, paragraph 26:
Excliange. Silver per
cunce.-
Years.
1893-94
1894-95
1895-96
1896-97
1897-98
1898-99
.
.
:
.
Pence.
14.547
13.101
13.638
14.451,
15.354
15.978
Pence.
291
30^
• la
The Government of India thus succeeded in raising the valne of the
rupee from Is. 2id. in 1893-94 to well-nigh Is. 4d. in 1898-99, whereas
the price of an ounce of silver in the London market fell at the same
time from S6j^jd. to 2 6 | | d . I t was charged, however, by the opponents
of the Government policy, before the currency committee, as well
as in the financial press,, that this result had been accomplished by
starving the Indian money market and creating an artificial stringency
of the currency. The men of theory, while differing in their remedies,
all accepted the quantitative theory of money; the advocates of bimetallism, or silver monometallism, arguing from this theory, inaintained
that, had the mints been kept open, more money would have flown
into circulation and would have been absorbed by the market, and
that, conversely, the closure of the mints had produced " a famishing
money market." This view was very strongly argued before the
committee by Mr. Merwanjee Rustomjee, representing the Bombay
Native Shares, Stocks and Exchange Brokers' Association, who said,
in part:
If the country were left to automatic currency, it would absorb every year Rx.
3,500,000 of fresh coin to supply its needs. The mint being closed in June, 1893, the
currency starvation to the country in the five years has been to the extent of Rx.
17,500,000, less about Rx. 2,000,000 coined for the banks immediately after the closure,
and Rx. 2,000,000 received from the.currency department; the deficit has been, in
the matter of fresh coinage, Rx. 13,500,000, which alone would bave kept the circulation to its normal conditition. •
FI 1900
23
354
REPORT ON THE FINANCES.
I t is assumed throughout this argument that the entire fresh coinage
would have filled the channels of circulation in India. Aside, however,
from the native habit of hoarding, to Avhich a great deal of the evidence
is devoted, there is also ample testimony showing that, notwithstanding the high rates of interest, British capital was Avithdrawn from India
owing to the lack of confidence in business quarters produced by the
fluctuations in the rate of exchange. There were witnesses who, speaking from practical experience in business and otherwise, denied the
existence of an actual stringency of money, maintaining that what was
commonly regarded as such was virtually a scarcity of loanable capital,
which had little, if anything, to do with the coinage of silver. This
scarcity of loanable capital was due, in their opinion, solely to the
absence of a stable standard of. money, which deterred British capital
from investing in India. The controversy is not devoid of interest for
this country, and the following is quoted from the testimony of Sir
James L. Mackay, who was for a quarter of a century a resident of
India, engaged in business in India, and one time president of the Bengal Chamber of Commerce and a member of the Viceroy's legislative
council:
286. Then you think the trade of India is not in any way affected by the fact of
the rupee being scarce?
A. 1 think the trade of India is very much handicapped owing to the want of loanable capital in the country. There is an absence of capital by which people carrying on trade can obtain accommodation,
287. You mean the banks can not lend money?
A. Several of t h e exchange banks have remitted their capital to this country, and
they have no capital of thieir own which they can lend to the iDublic. A large number of those who. had capital in India have also, during the last twelvemonths, taken
advantage of t h e Is. 4d. exchange to make their remittances home, and the country
has beea to a great extent denuded of capital,
526. Is it possible to obtain any statistics which would support the statement,
which seems to me a very important one? .
A. I think so; I think I could put in a statement as to one or two banks, at any rate,
who have done that. And I know for a fact, too, that several men, having retained
capital in India for many years back, have transferred it to this country, taking
advantage of t h e Is. 4d., or Is. 3d,, or Is. 3^d. rate of exchange. liaving no confidence
in the policy of t h e government of India, they thought the best thing they could do
would be to get their money out of the country and bring it home.
687. I think it is generally recognized that extended trade does require more currency in any country. Is that your opinion?
A. There is no difficulty about obtaining currency if they choose to pay for it. The
Government, of course, will not give away currency for nothing.
7.04, If there is more currency, say more sovereigns in the country—if India is on
the basis of a sovereign currency—if more sovereigns come into the country, surely
there must be loanable capital?
A. On that point I am not disposed to think that the riumber of sovereigns in the
country is an index of the amount of loanable capital,
712. At all events you are prepared to say that you think that there is a sufficiency
of currency in Iridia?
A. There is a sufficiency of coinage in India for any man wanting to do an ordinary
business, for any mari requiring it to pay his way.
754, ^ * -^ l have seen iio evidence of the currency being scarce in India. I
came home from India the other day. While I was in India I saw no evidence of
scarcity of currency. I had no difficulty in getting any currency I required,
777. May I ask, from your own experience in shipping matters, whether there is
any evidence in the receipts from freights or the payment of wages that there is any
difficulty in obtaining currency ?
A. None whatever.
These statements were corroborated by Mr. James Edward O'Conor,
director-general of statistics to the government of India and ex officio
assistant secretary in the finance department, who had written the
DIRECTOR OF T H E MINT.
annual official reviews of the trade of India since 1875.
before the Indian currency committee as follows:
355
Efe testified
1367. Do you know as a fact whether there was a scarcity of rupees in the markets
.of the interior during the last two years in the commercial centers?
A. All m y information is that there was no scarcity at all; there was a scarcity of
credit, but not of currency. Persons dealing with the exchange banks found it difficult to obtain money from the exchange banks because the exchange banks had not
money to give them; but all those—and they were the large majority—who dealt in
their own money carried on their business without difficulty.
This point was in fact conceded by one of those who were opposed
to the closure of the mints. Mr. Rustomjee, the Parsee broker, from
whose testimony I have quoted above, believed that, as a measure of
relief, "during the busy season, viz. January to June, the government should help the trade as much as possible by putting a
portion of the public money at the service of the trade." (Evidence,
Part I I , No. 9727). In other words, it was in effect not lack of
money, but lack of available loanable capital for which a remedy was
sought. The currency committee in their report voice the almost
unanimous opinion of all who were called to testify before it, in suggesting the introduction of the gold standard as a means to attract
capital to India.
I t will be best, perhaps, to quote the precise language of the report:
At t h e present time the practical alternative to silver monometallism is a gold
standard; that is to say, gold as the measure of value in India, either with a gold
currency or with a gold reserve.
We have already referred to the fact that over four-fifths of the foreign trade of
India is with gold-standard countries, and that for this reason it is desirable that
India should have the same measure of value as those countries. Regard being had
to t h e supremacy of gold in international commerce, the change to a gold basis has
been represented to us by Professor Marshall (question 11815) as " l i k e a m o v e m e n t
toward bringing t h e railway gauge on the side branches of the world's railways into
unison Avith the main lines." This consideration directly relates to facilitating interchange of commodities.
A further and certainly not a less important consideration for a country like India
is that an established gold standard is the simplest and most effective means of
atti^acting capital. The need of India for foreign capital is indisputable, and this need
is partly of a temporary and partly of a permanent character. For chmatic reasons
India is essentially a country of seasonal trade; she has a busy season and a dull
season, though t h e tendency of late years has been Io diminish the disparity and to
exhibit approximation to a more uniform average within each year. .From this
seasonal character it follows that the demand for money is much greater for one part
of the year than for.the other.
I n the busy season there is a brisk demand
for temporary advances to move the crops; in the dull season money is in little
demand. The distinction is shown in an extreme form by the facts of the money
market in 1897-98, when there was a seasonal variation in discount rates of no
less than 7 per cent, and the fluctuations were even greater in, 1889 and 1890. I n
order to diminish the risk to Indian commerce of a recurrence of such stringency,
and in order to reduce the average rate charged for local use of money, t h e sound
policy is to attract capital to India from the gold-standard countries which have
capital to lend, and this can best be achieved by a gold standard and a stable exchange.
Moreover, it is in many ways as important that money should be able to flow out
of a country without depreciation, when, it is no longer in relative demand there, as
that it should flow in when required. A gold standard is, in our opinion, t h e only
.means by which, under present conditions, these benefits can be secured.
The natural resources of India are beyond question, as also is the need for their
development. I n order to develop and reap the benefit of her resources, India
requires, and must long continue to require, foreign capital. Such foreign capital can
only be drawn from the gold-standard countries; and the capital of these countries
can only be attracted by a moderate rate of interest or profit on condition that the
investor is satisfied that there is not likely to be a fall in the sterling exchange. We
have had t h e valuable testimony of Mr. Alfred de Rothschild (question 11853) that
British capital would be at once forthcoming if the British investor knew that there
356
REPORT ON THE FINANCES.
was a fixed rate of exchange "between the two countries. We attach great importance to this argument in favor of a gold standard for India.
It seems unnecessary to discusss the further considerations which point to the benefits to India of a gold standard. We desire, however, to remark that the effective
establishment of such a standard in India would not preclude India hereafter from
considering responsible proposals for an international agreement, if circumstances'
should arise to render such negotiations practicable.
The adoption of the gold standard involved the determination of the
legal-tender quality of the rupee and its convertibility into gold. On
both questions the committee expressed themselves in favor of following the examples of France and the United States. The report reads:
The position of the currency question in India being such as we have explained in
the preceding paragraph, we do not consider it necessary to recommend a different
policy in the case of that country from that which is found sufficient in France and the
United States, by imposing a legal obligation on the government of India to give gold
for rupees, or, in other words, to substitute the former for the latter on the demand
of the holders. This obligation would impose on the government of India a liability
to find gold at a moment's notice to an amount which can not be defined beforehand,
and the liability is one which, in our opinion, ought not to be accepted.
The recommendations of the committee were adopted and became
law. Act X X I I of 1899 makes gold coins a legal tender at the rate
of 15 rupees to 1 sovereign. The rupee likewise remains legal tender
to an unlimited amount.
I t would be too early to judge of the results of this measure. So
far, however, the abundant flow of gold into India has fully justified
the course of the government of India.
I take the following from the Indian financial statement for 19001901:
We have been nearly swamped (temporarily) by gold. The amount in our currency reserve on April 1, 1899, was £2,030,000. It stood on March 7, 1900, at
£7,069,800; the amount accumulated in London under Act I I of 1898 stood at
£1,500,000, making the aggregate £8,569, 800.
The difficulty has been that of meeting the demand for rupees in exchange for
notes or gold tendered to us.
This state of the public treasury has resulted in fixing upon the
rupee the "extra-legal convertibility" (in the language of the Indian
currency report) which is possessed by the silver shilling in the
United Kingdom. Says the secretary to the government of India,
further, in his financial statement:
We have been frequently told, and with perfect justice, that we could never claim to
have a true gold standard in India until we were prepared to exchange gold for rupees
as well as rupees for gold. By being prepared to exchange I do not mean that we
should accept a legal liability to give gold for rupees, but that in practice, as for example in France, anybody who wanted gold for internal purposes should.be able to
obtain gold freely, without let or hindrance. Theorists, indeed, argue that neither
France nor the IJnited States possess a gold standard in the full and complete sense
of the words. But I think no one will dispute that if we can advance to the same
position as France we shall have attained a gold standard for all practical purposes.
A year ago it seemed that we should probably have to sit for a long while under the
reproach of our critics and put up with what has been termed an "exchange standard." I t then appeared impossible that in twelve months we should be paying out
gold to anybody who asked for it. We are doing so now. Whether we shall be
able to continue to do so without check or interruption; whether now that we have
once started giving gold for rupees we may not have to suspend temporarily, is not
a matter about which confident prediction can be made. But it would be reasonable
to say that the auguries are not unfavorable for our being able to pursue the path on
M'hich we have entered. Our position in respect of gold is strong. In India and
London we have accumulated nearly £8,600,000. We have, as I have explained,
set aside £5,000,000 for the present as our minimum reserve against eventualities—
against the contingency of the secretary of state's being obliged to restrict or curtail
his drawings and to ask us to ship home gold to enable him to meet his obligations.
DIRECTOR OF THE MINT.
357
Any gold received in excess of this minimum or of such minimum gold reserve as
may, with further experience, be established, we shall be ready to pay out as we are
paying it out. But the probability is that the gold reserve ultimately available for
foreign remittance will continue to exceed the minimum experimental reserve. Gold
is still coming in, though the infiow is expected to slacken,, and may, with confidence, be expected to reach us at least in every busy season. And in addition to the
gold received from abroad we may reckon upon the gold mined in India. It has
been decided to constitute a branch of the royal mint at the Bombay mint for the
coinage of gold. The terms of the jDroclamation to be issued under the imperial
coinage act have been settled, and we are merely awaiting now until the royal mint
has satisfied itself as regards the mint premises and appliances at Bombay. A representative of the royal mint is starting this week for Bombay to report. The gold
from the Mysore mines is, indeed, already reaching us in. anticipation of coinage,
and we count upon receiving an annual increment to our stock of gold of from
one and a half to two millions from this source.
COSTA RICA.
The monetary law of 1896, placing the circulation of the Republic on
a gold basis, was in the spring of 1900 first put in practical operation,
all arrangements for providing the country with a sufficient quantity of
the circulating medium having been brought to a successful terminanation by the administration of President Iglesias;
Costa Rica was originally a gold country. But the difficulties which
beset the public treasury in 1882, as a result of bad crops in the principal staple of the country, coffee, and the strain on the resources of
the country produced by ^he construction of the Atlantic Railroad,
made the Government seek relief in a paper currency.
The effect of it was the outflow of gold.
To check this outward movement and to guarantee the redemption
of its notes, the Government, on the 21st of October, 1884, made a
contract with the Bank of Costa Rica, conferring upon the latter the
exclusive privilege of issuing bank notes. The effect of the remedy
was to drive out of the country whatever gold still remained in circulation. Of the $2,500,000 in circulation in 1880, all disappeared.
The amount of the outstanding bank bills reached in 1891,
$3,257,400, the rate of international exchange advancing as the issue
increased.
Prior to 1882 the difference between the value of national and foreign gold had never exceeded 19 per cent, and frequently went down
as low as 5 per cent. Toward 1891 it reached 64 per cent. Then
came the great fall of silver in the world's market, and with it the
normal rate of international exchange was gone.
In 1891, within less than three months it rose to 115 per cent; during the succeeding fortnight it went down to 84 per cent, only to soon
rise again to 116 per cent. A period of violent fluctuations now
began; within one year the rate of exchange went up to 156 per cent,
and in the years following it, at times, reached the high mark of 200
per cent.
President Iglesias, on entering upon his administration in 1894,
declared his purpose to be to restore the circulation of the Republic
to a metallic basis. In a memorial presented the next year by his secretary of finance and commerce, Senor Don Ricardo Montealegre, to
the Constitutional Congress, the views of the administration are given
the following expression:
In view of the violent fluctuations, which have been the cause of losses to commerce and of instability in all the business of the country, the Government, deeply
interested in everything which in one way or another will prevent or delay the great
358
REPORT ON THE FINANCES.
est development in the production of the country, after carefully studying the causes
that may influence the same, has more especially directed its attention to the nature
of the circulating medium, since money, as the representative of capital, jointly with
property and labor, makes up the generative and permanent elements of wealth.
To give a practical shape to these views a bill was drawn by the
Government and introduced in Congress at the session of 1896, which
became a law on October 24, 1896. The President in his message,
recommending the proposed legislation, dwells upon the difficulties
which had to be met in the endeavor to reform the monetary s.ystem
of the Republic, The chief concern of the Government is stated to
be to so fix the value of the gold monetary unit as not to impair the
value of obligations heretofore created and not to affect the prices of
commodities and the wages of labor, which had adjusted themselves to
the silver standard, and to provide for a gradual retirement of the
depreciated paper currency, avoiding at the same time possible complications which might be anticipated from a sudden liquidation of the
operations of the bank of issue.
The problem is solved by the monetary law of 1896 through the
adoption of a new monetary unit, the colon, consisting of 778 milligrams of gold, of 0.900 fineness, which represents the equivalent of
the silver peso, estimated upon the average value of silver with relation to gold for several years previous and the average rate of international exchange for the same period. As the next step, the Government effected a new contract with the Bank of Costa Rica, whereby
its bills were to be gradually superseded by new issues guaranteed by
gold certificates and circulating at par, by reason of which the bank
relinquished the exclusive privilege of issue it had enjoyed under its
former contract with the Government.
The preparations for carrying these measures into effect took nearly
four years, within which the Government provided by coinage a sufficient amount of gold to meet the wants of commerce, at the same
time leaving a margin for hoarding, which, as the Government
expected, was apt to occur when the new coins were first put into circulation. On the 17th of April last the circulation of gold under the
law of 1896 was ordered by executive decree.
The message of the President, delivered to Congress on the 1st of
May, 1900, shqws the economic situation of the country to be much
more favorable at the present time than in former years.
Five millions in gold colones and about 1,000,000 more in.national silver money
will form the total metallic circulating medium of the country—an amount quite sufficient to guarantee the circulation of the 3,000,000 colones in bank notes of the Bank
of Costa Rica exchangeable for gold.
At no other time in the history of the nation has the country.had so large an.
amount of money available for circulation. Notwithstanding this, the Government,
in its desire to insure the greatest stability in its circulating medium, will soon arrange
for the legalization of the circulation of the foreign gold coins of the United States,
England, France, and Germany within the confines of the Republic.
After an interval of sixteen years, during which time the fluctuations in international exchange have produced violent perturbations in the monetary system, gold
coin again circulates in Costa Rica.
In April, 1897, Peru suspended the free coinage of silver, the proclamation to that effect naming the persistent decline of that metal and
consequent derangement of trade as the reason for the action. Steps
were taken to put the country on the gold basis, and that end has been
DIRECTOR OF THE MINT.
350
l^eached within the last year. After suspending the privilege of free
coinage, the Government melted down 2,000,000 silver sols and sold the
bullion, purchasing gold with the proceeds, and also recoined a considerable quantity of the sols into fractional coins. A new gold coin
has been issued called the libra, and commonly known as the Peruvian
pound, being identical in weight and fineness with the English pound
sterling.
The silver sol, which is the same in weight and fineness as the French
5-franc piece, is given a legal value of 24 pence, which is slightly above
its intrinsic value at the present price of silver bullion. It is now a
subsidiary coin issued only on Government account, and circulates and
is received by the banks at par with the libra.
Peru has had a varied history in monetary affairs, experiencing the
operation of all systems known to the managers of government finance.
Under the old Spanish regime the bimetallic s^^stem was maintained,
and when independence was established the system was continued.
The following statement of the complications arising from the circulation of Bolivian coins of lower fineness is from an official document:
Bolivian silver coin having been introduced into the Peruvian market, in consequence of the Peru-Bolivian Confederation of 1836, and of the immediate neighborhood of that Republic and our commerce with the same, that money has circulated
during a considerable period at par with Peruvian money. Moreover, as always
happens in similar cases that the bad money in circulation replaces the good, which
it causes to disappear, Peru found her market crowded with weak Bolivian money.
This ruinous state of affairs continued for a quarter of a century, causing serious
harm to commerce and the public wealth generally, notwithstanding the different
measures that were adopted, until the laws of October 2, 1857, and February 14, 1863,
rendered effective in 1864," ordered the conversion, actually carried out, of the feeble
Bolivian coin to the extent of 10,000,000 pesos (dollars) into good Peruvian coin, the
use and circulation of the said foreign money being henceforth prohibited, as well as
that of all other nations.
The coinage of gold v^as suspended in 1872 and silver made the
single standard of value.
In 1875 an inconvertible paper currericy was introduced, and all coin
disappeared from circulation. Of the paper period the oflBcial bulletin
says:
Peru was twelve years under the yoke of paper money") which by the law of October 28, 1880, it was sought to abolish, until the circulation of the treasury notes, so
much depreciated, was actually suppressed in December, 1887, and metallic was
reestablished.
This paper currency was redeemed by an issue of bonds, and no form
of paper money is now authorized. The country seems to be well
established on the gold basis.
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 list of the interrogatories covering the points on which information
is sought from the governments of foreign countries is sent yearly to
the United States ambassadors and ministers through the Department
360
REPORT ON THE FINANCliS,
of State, and the replies in the form of reports are forwarded directly
to the Bureau of the Mint.
The interrogatories for 1899 are as follows:
1. W h a t was the amount of gold coined during the calendar year 1899 by denominations and values? W h a t amount of this Was recoinage? Domestic and foreign
coins melted given separately.
2. W h a t was the amount of silver coined during the calendar year 1899 by denominations and values? W h a t amount of this was recoinage? Domestic and foreign
coins melted given separately. If any of this was executed at foreign mints, please
give separate statement.
3. Was any coinage executed for other governments during the year 1899? If so,
state character and amount of same.
4. What was the weight of fine gold used in the industrial arts during the calendar year 1899?
5. What amount of this was new gold, what amount old gold, and what amount
coins?
6. What was t h e weight of fine silver used in the industrial arts during the calendar year 1899?
7. W h a t amount of this was new silver, what amount old silver, and what amount
coins?
8. W h a t was the import and export of gold during the calendar year 1899? (Coin,
bullion, and ore, as well as their weight and value, should be given separately, if
possible.) If practicable, give imports and exports iDy countries.
9. Same question as to silver.
10. W h a t was t h e total import of United States gold coin during the year?
11. W h a t was the total import of gold from the United States, direct, in 1899?
12. W h a t was the amount of United States gold coin deposited at the mints and
melted?
13. W h a t was the weight expressed in kilograms fine, and the value of the gold
produced from the mines of the country during the calendar year 1899?
14. Same question as to the gold product of the colonies of the country, naming
them separately.
15. W h a t was the weight expressed in kilograms fine, and the value of the silver
produced from the mines of the country during the calendar year 1899? (In ansAvering this interrogatory, state whether the value given is commercial or coining value.)
16. Same question as to the silver product of the colonies of t h e country. (State
whether the value given is commercial or coining value.)
17. W h a t was the weight and what the value of the output of gold from the refineries of the country during t h e year? Give t h e sources of this output if practicable.
18. Same question as to silver.
19. What, approximately, was t h e stock of gold coin and bullion in t h e country
at the close of the calendar year 1899? Give stock in public treasuries, and banks,
~ and in circulation, separately.
20. Same question as to silver.
21. W h a t was the amount of Government notes outstanding at the end of the year
1899?
22. W h a t was t h e amount of bank notes outstanding at t h e end of t h e year 1899?
23. What was the amount of uncovered Government notes at the end of the year
1899?
. 24. W h a t was the amount of uncovered bank notes at the end of the year 1899?
25. What was the actual currency of the country, gold, silver, dr inconvertible
paper?
26. Is gold at a premium as compared with the actual currency of t h e country?
And if it is, what was the highest, lowest, and average premium during the year 1899?
27. W h a t was the highest, lowest, and average rate of exchange on London during
the year 1899? Give this by months if practicable.
28. Were any laws passed during the year 1899 affecting the coinage, issue, or legaltender character of the metallic or paper currency? If so, please forward copies of
the same.
29. W h e n was the present monetary standard and unit adopted? Give date of
the law.
30. Is there a report published on the operations of the mint? If so, please forward a copy of the same; also a report of t h e department of mines for 1899.
The replies to the interrogatories, which are given in full in the
appendix to Annual Report of the Director of the Mint, are indicated
by the numbers of the questions.
361
DIRECTOR OF T H E MINT.
In the list of questions propounded to foreign governments for the
calendar 3^ear 1899, were the following:
W h a t was t h e total import of United States gold coin during t h e year?
W h a t was t h e total import of gold from the United States direct in 1899?
W h a t was t h e amount of United States gold coin deposited at t h e mints and
melted?
The following table shows the countries from which answers to
these three interrogatories were received, theamouut of United States
gold coin imported b.y them, and the value of the United States gold
coin melted at their mints:
Total imImport of
United
port
United States from of gold States gold
United
gold coin,
coin melted.
States,
Countries.
Austria-Hungary.
Great Britain
Dutch Guiana
Germany
Japan
San Salvador
^34,146
S13,821
U l , bil, 621
3,000
8,542,896
'84i,'2i8'
15,000
Total.
858,039
IMPORTS AND EXPORTS
OF THE PRINCIPAL
!, 577,042
COUNTRIES OF
T H ; E WORLD.
The imports and exports of the precious metals of the principal
countries of the world during the calendar year 1899 are exhibited in
the following table. The information relating to foreign countries
was received through representatives of the United States in them.
"^IMPORTS AND EXPORTS OF THE PRECIOUS METALS IN THE PRINCIPAL COUNTRIES OF THE
WORLD, 1899.
GOLD COIN AND BULLION.
Imports.
United States
Africa a
Austria-Hungary
Belgium .
Bolivia
Costa R i c a
Denmark
Dutch Guiana
France
F e d e r a t e d Malay States
Germany
GreatBritain
.
Greece
India 6
.
Japan
Netherlands
Norway
Peru
Portugal .
Russia
San Salvador
Spain
Sweden
J
Switzerland
.
.
.
.
.
.
.
Exports.
^51,334,964
20,760,708
8,585,992
1,473,375
Countries.
$45,379,411
73,411,814
14,245,490
1,298,274
88,000
179,507
1,340,000
480,451
31,071,587
772,828
32,307,398
104,907,058
2,316,000
6,515,256
4,370,565
2,911,336
697,950
536,000
178,858
61,527,238
64:, 563,395
159,544,991
37,143,707
10,009,163
3,789,213 '
80
512,214
2,553
25,532,051
15, 000
371,281
249,317
8,896,545
31,884
1,026,233
27,771,673
6,780
1,000,853
6,125,000
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$b,955,553
m , 651,106
5,659,498
175,101
88 000
518,443
804,000
301,593
30,455,651
32,255,997
54,637,933
772,828
2, 316,000
30,628,451
5,638,598
877,877
80
480,330
1,023,680
2,239,622
8,220
629 572
249,317
2,771,545
a Annual statement of the trade of the United Kingdom Avirii foreign countries and British possessions, 1898.
6 Fiscal year.
362
REPORT ON T H E FINAKCES.
IMPORTS AND EXPORTS OF THE PRECIOUS METALS IN THE PRINCIPAL COUNTRIES OF THB
WORLD, 1899—Continued.
SILVER COIN AND BULLION.
Imports.
Countries.
United States
Africa a
Austria-Hungary
Belgium
Bolivia
Costa R i c a
Dutch Guiana
France
Germany
Great Britain
Greece
India b
Japan.
Netherlands
Norway
Peru
Portugal
Russia
San Salvador
Spain"
S w e d e n .\
Switzerland
$30,843,929
2,703,808
686,683
14,126,476
60,048
36,292,338
2,310,815
66,965,858
.
.
. . . .
30,901,915
41,274
379,277
177,523
4,796
967,441
16,396,290
84,115
14,437,534
538,312
23,114,229
Exports.
$53,498,592
310,779
1,738,235
14,060,370
12,516,000
93,000
2,428
42,392,673
5,920,626
68,368,714
23,546
9,297,916
1,199,200
3,305,086
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$22,654,663
$2,393,029
1,051,552
66,106
12,516,000
93,000
57,620
6 100 335
3,609,811
1,402,856
23,546
21,603,999
1,157,926
2,925,809
177,523
2,993,443
287,245
1,038,307
428,064
3,037,841
25,933
9,113,377
2,988,647
680,196
15,357,983
• • 343,949
11,399,693
512,379
14,000,852
a Annual statement of the trade of the United Kingdom with foreign countries and British possessions, 1898.
b Fiscal year.
VALUE
OF GOLD
AND SILVER IMPORTED INTO AND EXPORTED FROM THE UNITED
STATES FROM AND INTO THE UNITED KINGDOM.
GOLD BULLION AND COIN.
C a l e n d a r years.
1874
1875
1876
1877 . .
1878
1879
1880
1881
1882
3883
1884 . . .
]885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
. Imports, .
•
-....
!..
..
:
-
:
Total
Excess
Exports,
$44,261
2,806,311
17,150,938
5,682,271
4,032,112
83,817,688
26,823,600
35,947,633
448,701
4,562,437
10,627,477
1,456,700
14,575,484
8,568,758
19,169
50,125
4,923,034
15,391,766
641,385
28,796,540
1,459,590
16,146,069
51,236,371
5,881,000
53,250,031
6,441,786
$21,941,783
40,185,922
21,274,902
10,034,324
4,216,010
1,889,418
269,431
112,859
29,684,594
47,580
24,683,345
530,665
12,556,212
180,110
10,956,287
13,608,778
12,624,961
37,351,283
5,110,827
20,595,062
15,799,647
54,173,664
15,431,560
331,195
236,Oil
11,577,627
350,781,237
365,404,057
14,622,820
E x c e s s of
E x c e s s of*
imports over exports over
exports.
imports.
$21,897,522
37,379 611
4,123,964
4,352,053
183,898
$31,928,270
26,554,169
35,834,774
29,235 893
4,514,857
14 055 808
926,035
2,019,272
8,388,648
10,937,118
13,558,653
7,701,927
21, 959,517
4,469,442
8,201,478
14,340,057
38 027 595
35,804,811
5,549,805
53,014,020
5,135,841
212,736,139
227 358 959
14,622. 820
363
DIBECTOE OF T H E MINT.
VALUE
OF GOLD AND SILVER IMPORTED INTO AND EXPORTED FROM THE
STATES FROM AND INTO THE UNITED KINGDOM—Continued.
UNITED
SILVER BULLION AND COIN.
Imports.
C a l e n d a r years.
1874
LS75
1876
1877 .
1878
1879
1880
18^1
1882 . • " .
1883
1884.
1885
]886 .
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898 .
1899 •-
'.......
Exports.
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
.
....;...
.
•
Total
Excess
$16,918,981
15,481,341
12,834, 099
12,730,380
7,870,002
12,632,115
5,832,816
12,644,788
9,355,681
13,643,442
12,795,566
13,648,158
8,259,345
10,773,185
11,600,485
19,348,927
19,746,841
19,387,377
26,807,663
35,371,119
35,267,598
39,335,554
49,352,583
49,092,031
45,547,496
42,929,713
$.1.6,796,102
15,437,893
10 992 416
11-, 280,698
2,600,638
9 642,527
5,669,691
12.492,257
9,212 509
13,406, 687
12,755 018
13,618, 905
8.245,402
10,601,159
11,443,205
19-197 336
16,585,579
19,345,622
26 718 869
35,356, 339
35 256 751
39,298,500
49 320 401
49,021,997
45 507 975
42,840,719
16,562,111
.
$122,879
43,448
1,841,683
1,449,682
5,269,384
2,989,588
163,125
152,531
. 143,172
236,755
40,548
29,253
13,943
172,026
157,280
151,591
3,161,262
41,755
88,794
14,780
10,847
37,054
32,182
70,034
39,521
88,994
559,207,286
542,645,175
542,645,175
The following table exhibits the value of gold and silver bullion and
coin imported into and exported from the United States from and into
France since 1879.
VALUE
OF GOLD
AND SILVER IMPORTED INTO AND EXPORTED
STATES FROM AND INTO FRANCE.
FROM
THE. UNITED
GOLD BULLION AND COIN.
Imports.
Fiscal y e a r .
1879 :
3880
3881.
3882
1883
1884
1885
3886
1887
3888
1889
1890
3891
3892
1893
1894
1895
3896
1897
1898
1899
:
....
.
Total
Excess
$1,230,447
33,383,297
18,219,558
1,495,006
104,220
3,969,915
3,113,347
4,427,555
12,433,314
9,570,658
1,558,341
2,353,764
472,850
15,845,817
5,399,599
10,742,507
7,845,583
3,933,491
16,444,810
22,799,157
10,962,144
186,305,380
Exports.
$128,424
2,649
450
2,590,050
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$1,102,023
33,380, 648
18,219,3.08
$1,095,044
104,220
5,015,767
6,300
11,578,912
37,135
44,166
23,026,482
5,431,373
14,659,015
13,061,100
32,240,402
15,450,000
28,625,400
7,534,361
13,989,041
4,016,535
7,000,000
184,437,562
1,867,818
3,045,852
3,107,047
7,151,357
12,396,179
9,526,492
21,468 341
3,077, 609
14 186,365
2,784,73.7
26,840,803
4,707,493
20,779,817
3,600,870
2,455, 769
18,782, 622
3,962,144
105,820,969
103,953 151
1,867,818
364
REPORT ON THE FINANCES.
VALUE
OF GOLD
AND SILVER IMPORTED INTO AND EXPORTED FROM
S T A T E S FROM A N D INTO F R A N C E — C o n t i n u e d .
THE
UNITED
SILVER BULLION AND COIN.
Fiscal year.
1879 .
1880
1881
3882
1883
1884
1885
1886
1887
1888
1889
1890
1893
1892
3893
1894
3895 . :
1896
1897
1898
1899 .
. -
.
Imports.
. . .
.
...
$259,097
24,274
1,267
21,064
212
1,635
919
146,477
70,139
227,566
1,906
1,351
360,433
1,351
21,595
5,126
8,133
2,722
24,718
4,424
1,184,409
Total
Excess
Exports.
•
E x c e s s of
E x c e s s of
i m p o r t s over e x p o r t s o v e r
exports.
imports.
$126,666
89,431
75,850
810,400
1,381,214
796,788
830,115
585,157
980,713
601,809
371,850
134,535
399,684
1,412,624
462,898
201,000
1,500
3,435,326
1,632,866
1,062,250
2,056,408
$132,431
17,449,084
16,264,675
136,057
$65,357
74,583
789,336
1,383,002
795,153
829,196
438,680
" 930 574
^
374,243
369,944
133,184
399,684
1,052,191
461,547
179,405
3,626
3,427,393
I,630,144
1,037,532
2,051,984
16,400,732
16,264,675
•
The following table exhibits the value of gold and silver bullion and
coin imported into and exported from the United States from and into
Germany since 1879.
VALUE
OP GOLD
AND
SILVER IMPORTED INTO AND EXPORTED
STATES FROM AND INTO GERM^VNY.
FROM THE
UNITED
GOLD BULLION AND COIN.
Impoits.
Fiscal year.
1879
1880
1881
1882
1883
3 884
1885
1886
3887
1888
1889
1890
1891
1892
3893
1894
3895
3896
1897
1898
1899
'.
Total
Excess
:
Exports.
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$6,600
$3,128,185
15,850 • $3,112,335
31,406,11.2
31,401,955
4,157
4,514,404
4,596,964
82,560
2,267,065
2,299,665
32,600
1,963,931
3,079,605
1,115,674
7,881,125
7,938,164
57,039
2,038,878
5,921,677
3,882,799
10,744,089
12,744,269
2,000,180
13,628,418
18,265,659
6,637,241
1,259,139
8,709,652
1,756,884
2,297,808
2,758,812 . 16,530,377
3,920,742
19,308,050
478,811
37,913,100
14,437,867
28,811,650
1,376,762
14,857,754
119,016
29,020, 672
3,554,697
18,478,682
8,428,050
1,260,840
7., 167,230
190,996
3,018,000
127,662,076
194,041,285
66,379,209
82,719,410
$6,600
7,450,513
540,924
13,771,565
15 387 308
37,434,289
14,373,783
13,480,992
28,901,656
14,923 985
2,827,004
149,098,619
66,379,209
DIEEOTOB
VALUE
365
OF T H E MINT.
OF GOLD AND SILVER IMPORTED INTO AND EXPORTED FROM THE UNITED
STATES PROM AND INTO GERMANY—Continued.
SILVER BULLION AND COIN.
Fiscal year.
1879
1880
1881
1882
1883
1884.
1885
1886
1887 '.
1888.
1889
1890
1891
1892 . .
1893
1894
1895
1896
3897
1898
1899
Imports,
Exports,
$45,399
15,465
96,231
296,697
271,052
39,194
9,538
34,386
177,855
135,078
19,015
750,633
845,901
91,413
9,688
1,905
12,328
3,311
12,573
3,240
1,940
$348,432
383,830
472,029
649,628
335,455
1,914,560
282,609
99,333
83,389
151,276
575
32,712
910
107,666
4,500
94,950
81,317
10,179
17,221
945
59,612
2,872,842
5,131,128
2,258,286
.
:
..
•
Total
Excess
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$303,033
368,365
375,798
352,931
64,403
1 875 366
273,071
64,947
$94,466
16,398
18,440
717,921
844,991
16,253
5,188
93,045
68,989
6,868
4,648
2,295
57,672
1,683,301
3,941,587
2 258 286
ACKNOWLEDGMENTS.
The acknowledgments of the Director are due to the clerical staff of
the Bureau, and to the officers and clerks of the various mints and
assay offices, for the zeal and fidelity they have shown in the performance of the duties required of them.
Respectfully,
G E O . E . ROBERTS.,
Director of the Mint.
Hon. LYMAN J .
GAGE,
Secretary of the Treasury.
366
REPORT ON T H E FINANCES.
APPENDIX.
I X . — M U T I L A T E D AND UNCURRENT DOMESTIC GOLD AND SILVER COINS TRANSFERRED
THE
PHILADELPHIA,
Denominations.
Double eagles
Eagles
Half eagles
Three-dollar pieces.
Quarter eagles
Dollars
Total gold, face value .
Trade dollars
Lafayette souvenir dollars.
Standard dollars
Half dollars
Quarter dollars
Twenty-cent pieces
Dimes
Half dimes
Three-cent pieces
Total silver, face A'-alue .
Gold coins . .
Silver coins.
Gold, coining value
,
Silver, subsidiary silver.
Loss, gold
Loss, silver subsidiary .
Gain, silver subsidiary.
FISCAL
SAN FRANCISCO.
Receivecl
from
Treasury,
Purchased,
$187,860.00
96,950.00
115,155.00
12.00
. 3,217.50
16.00
$61,380.00
50,910.00
100,205.00
96.00
7,025.00
347.00
403,210.50
219,963.00
NEW
ORLEANS,
$3,080.00
1,010.00
1,490.00
6.00
47.50
14.00
5,647.50
1,692,783.00
1,691,051.75
611.00
939,838.30
2,381.70
231.90
248.00
26.00
974.00
898.50
626.00
430.30
28.25
4.17
Received
from
Treasury.
YEAR
$120,500.00
46,500.00
7.00
27,402.00
129.50
Purchased.
Received
from
Treasury,
3.00
34.50 $358,791.00
13.25 288,182.75
84.80
13.80
87,929.80
.20
193.20
3.45
4,326,897.65
3,235.22
194,538.50
64.75
735,185.00
Stand, ozs.
21,515.720
|3,281,238.56
Stand, ozs.
11,727.893
2,614.20
Stand, ozs.
Stand, ozs.
148,704.00
Std. ozs.
274.776
48.90
$185,012.75
,112.11
60.83
8.253.44
9,525.75
535.39
3.92
46, 931.56
$^1.00,292.47 $218,193.35
3,252.53
4,082,411.89
2,918.03
244,485.76
1,769. 65
""i7."3i'
553,183.70
DIKECTOR
367
OF T H E MINT.
APPENDIX.
FROM THE T R E A S U R Y A N D P U R C H A S E D
ENDED J U N E 30, 1900.
NEW
ORLEANS.
PurChased.
CARSON.
NEW YORK.
DENVER.
PurPurPurPurchased.
chased.
chased. chased.
$2,440.00 $540.00 $188,880.00 $100.00
309,000.00
30.00
1,680.00
237,985.00
20.00
5, 590.00
249.00
12. 00
3.00
23, 682,50
440. 00
15.00
57.00
68. 00
5.00
10,230. 00
CHARLOTTE.
540.00
759,853.50
8.00
157. 00
103.00
69.50
ST.
LOUIS.
FOR RECOINAGE
SEATTLE.
647. 73
......
.....
Received
PurPurfrom
chased. chased. Treasury.
Purchased.
Received
from T r e a s ury and
purchased.
$60.00 $1,140.00
30.00
320.00
15.00
155.00
6.00
10.00'
. 1.00
$80.00 $187,860.00 $257,700.00
96,950.00 362,990.00
10.00
10.00 115,155.00 345,470.00
372.00
12.00
31,220.00
3,217.50
492.00
16.00
$445,560,00
459,940.00
460,625.00
384.00
34,437.50
508.00
112.00 1,625.00
100.00
403,210.50.
998,244.00
1,401,454.50
2,172,074.00
2,025,734.50
702.80
1,055,170.10
2, 704.4:0
235.35
261.00
26.00
1,341.00
1,161.00
815.50
.60
730.30
109.00
4.80
261.00
26.00
1, 341.00
2,173,235.00
2,026,550.00
703.40
1,055,900.40
2,813.40
240.15
5,256,621.15
4,449. 20. 5,261,070.35
1.00
.50
.25
160.00
4.80
.45
499. 75
DURING
TOTAL.
5.00
206.00
124.50
106.50
.60
126.20
75.75
.18
173.00
OVER T H E C O U N T E R
1.75
S t a n d , oz. Std. oz. S t a n d , oz. Std. oz. Std. oz. Std. oz. Std. oz. S t a n d , oz.
S t a n d , oz.
S t a n d , oz.
542.661 29.025 40,467.181
74,663.946
6.008
8.890
86.454
5.338 21,515.720 53,148.226
484.86
381.88
1.45
3,983,126.26
3,531. 29 3,986,657.55
$10,096.02 $540.00 $752,877.79 $165.40
603.24
475.12
133.98
44.49
6,975.71
24.63
7.60
$111.78 $1,608.45
1.80
.22
.05
16.55
$99.31 $400, 292.47 $988,804.21
4,392.52
4,955,678.08
.69
2,918.03
300,943.07
9,439.79
55,6817, 36
$1,389,096.68
4,960,070.60
12,352.82
300,998.75
17 36
368
REPORT ON T H E FINANCES.
X.—QUANTITY AND COST OF SILVER USED IN THE COINAGE OF SILVER
DOLLARS,
DOLLARS COINED, AND SEIGNIORAGE ON THE SAME DURING THE FISCAL Y E A R
UNDER A C T O F J U L Y 14, 1890.
1900,
MINT AT PHILADELPHIA.
Used in coinage.
Month.
Standard
ounces.
Dollars coined,
Seigniorage.
Cost.
1899.
July
August
September.
October
November .
December..
124.61
$101.47
145
34,656.02
28,220.92
40,327
378,125.00
1,375,323.98
1,222,031.25
48,125.00
116.02
307,912.88
1,119,947.01
995,118.43
39,188. 91
94.48
440,000
1,600,377
1,422,000
56,000
135
132,087.12
480,429.99
426,881.57
16,811.09
40.52
3,053,501.i
2,490,584.10
3,558,984
1,068,399.90
$^13.53
1900.
.January..
February.
March
April
May
,
June
Total.
MINT AT SAN FRANCISCO.
1899.
July
August
September
October
November
December
39, 531.25
$32., 145. 61
46, doo
$13,854. 39
429,687.50
349,889.24
500,000
150,110.76
469,218.75
382,034.85
546,000
• 163,965.15
. .
1900.
January
February
March.
April
May
June
.
Total...
•
MINT AT NEW ORLEANS.
1899,
309,375.00
713,281.25
747,656. 25
859,375.00
816,406.25
928,125. 00
July
August
September
October
November
December
$251,920.79
580,822,39
608,817.08
699,789.94
664,804.61
755,777.95
360,000
830,000
870,000
1,000,000
950,000
1,080,000
$108,079.21
249,177.61
261,182. 92
300,210.06
285,195.39
324,222.05
1,332,031.25
1,289,062.50
1,718,750.00
1,289,062.50
1,289,062.50
859,375.00
1,084,684.44
1,049,696.80
1,399,597.97
1,049,699.90
1,049,699.90
699,801.13
1,550,000
1,500,000
2,000,000
1,500,000
1,500,000
1,000,000
465,315.56
450,303.20
600,402.03
450,300.10
450,300.10
300,198.87
12,151,562.50
9,895,112.90
14,140,000
4,244,887.10
1900.
January
February
March
April
May
June
Total
DIRECTOR OF T H E
369
MINT.
X.—QUANTITY AND COST OF SILVER U S E D IN THE COINAGE OF SILVER DOLLARS,
DOLLARS COINED, AND SEIGNIORAGE ON THE SAME DURING THE FISCAL YEAR 19.00,
UNDER ACT OF JULY 14, 1890—Continued.
SUMMARY.
Used i n c o i n a g e .
Month.
Standard
ounces.
Dollars coined.
Cost.
Seigniorage.
1899.
July
August
September
October. .>
November
December
348,906.25
713,281.25
747,780.86
859,375.00
816,406.25
962,781.02
$284,066.40
580,822.39
608,918.55
699.789. 94
664,804. 61
783,998.87
406,000
830,000
870.145
1,000,000
950,000
1,120, 327
1,332,031,25
1,667,187.50
3,523,761.48
2,511,093.75
1, 337,187.50
859,491.02
1,084,684.44
1,357,609.68
2,869,434. 22
2,044,818.33
1,088,888.81
699,895.61
1,550,000
1,940,000
4,100,377
2,922,000
1,556,000
I,000,135
465,315.56
582,390. 32
1,230,942.78
877,181.67
467,111.19
300,239.39
18,244,984
5,477,252.15
$121,933.60
249,177.61.
261,226.45
300,-210.06
285,195.39
336,328.13
1900,
January
February
March
A p r i l . . -.
May
June
Total
FI 1900-
15,679,283.13
-24
12,767,731..
370
REPORT
ON T H E F I N A N C E S .
XI.—COINAGE
EXECUTEJ^
AT T H E M I N T S OP^ T H E
UNITED
PHrLADELPKIA.
Denominations.
Pieces.
Value.
GOLD.
Double eagles
Eagles
Half eagles
Quarter eagles
•
Total gold
1,874,585 $37,491,700.00
1,270,387 12,703,870.00
1,211,811
6,059,055.00
54,406
136,015.00
4,411,189
56,390,640.00
3,558,984
50,000
3,558,984.00
50,000.00
;, 608,984
3,608,984.00
6,284,984
15,620,984
21,380,984
3,142,492.00
3,905,246.00
2,138,098.40
SILVER.
Dollars, act of July 14,1890
Dollars, Lafayette souvenir
.-
Subsidiary:
Half dollars
Quarter dollars
Dimes
1'otal subsidiary
43,286,952
9,185,836.40
Total silver
46,895,936
12,794,820.40
30,749,992
70,551,761
1,537,499,60
705,517,61
MINOR,
Five-cent nickels
One-cent bronze
101,301,753 I
Total minor
152,608,878
Total coinage
2,243,017.21
71,428,477,61
The mint at Philadelphia coined during the fiscal year, in addition to the above figures—
For the Government of Costa Rica, gold coins as follows:
Denomination,
Twenty colones
Ten colones
Five colones .. .•
Total
Pieces.
Value.
30,000
190,000
100,000
$279,209.68
88^1,166.14
232,674.42
• 320,000
1,396,050.24
There were also coined by the same mint 50,000 Lafayette souvenir dollars, authorized undt;r act
approved March 3,1899, for the purpose of aiding in defraying the cost of pedestal and completing the
work of erecting a monument in Paris to General Lafayette.
371
DIRECTOR OF T H E MINT.
STATES DURING THE FISCAL Y E A R ENDED J U N E 30,
SAN FRANCISCO.
Pieces.
1900.
NEAV O R L E A N S .
Value,
Pieces,
Value,
TOTAL.
Pieces,
Value,
2,050,050
870,500
294,000
$41,001,000.00
8,705,000.00
1,470,000.00
37,047
$370,470.00
3,924,635
2,177,934
1,505,811
54,406
$78,492,700.00
21, 779,340.00
7,529,055.00
136 015 00
3,214,550
51,176,000.00
87,047
370,470.00
7,662,786
107,937,110.00
546,000
546,000.00
14,140,000
14,140,000.00^
18,244,984
50,000
18,244,984.00
50 000.00
18,294,984
18,294,984.00
722,000.00
498,000.00
167,000.00
10,689, 717
19,263,569
27,160,984
5,344,858.50
4,815,892.25
2,716,098.40
1,444,000
1,992,000
1,670,000
2,960, 733
1,650,585
. 4,110,000
1,480,366,50
412, 646.25
411,000.00
8,721,318
2,304,012.75
5,106,000
1,387,000.00
57,114,270
12,876,849.15
9,267,318
2,850, 012.75
19,246,000.
15,527,000.00
75,409*254
31,171,833.15
30, 749,992
70,551,761
1,537,499. 60
705,517.61
•
101,301,753
12,481,868
54,026,012. 75
19,283,047
15,897,470.00
2,243,017.21
184,373,793
141,351,960.36
COINAGE OF SILVER DOLLARS.
Coinage under act of—
Feb. 28,1878 (Bland-Allison)
From July 14,1890, to repeal of the purchasing clause of the Sherman Act,
Oct. 31,1893
$36,087,285
From Nov. 1,1893, to June 12,1898
"42,139,872
Coined under the war-revenue bill approved June 13,1898
'.
37,023,793
Total under act of July 14,1890
Mar. 3,1891 (recoinage of trade dollars)
Total
:
,
$378,166,793
115,250,950
5,078,472
498, 496,215
372
REPORT ON T H E F I N A N C E S .
X I I . — C O I N A G E EXECUTED AT THE MINTS OF THE UNITED
PHILADELPHIA.
Denomination.
Pieces.
Value.
GOLD.
Double easrles
Eagles
Half eagles
Quarter eagles
.
. . .
TotaL gold.. .•
1,874,534 $37,490,680.00
293,911
2,939,110.00
1,009,068
5,045,340.00
27,112
67,780.00
3,204,625
45,542,910,00
3,518,512
3,518°512.00
1,730,512
6,000,512
7,450,512
865,256.00
1,500,128.00
745,051.20
15,181,536
3,110,435.20
18,700,048
6,628,947.20
Five-cent nickels
One-cent bronze
10,458,895
29,595,664
522,944.75
295,956.64
Total minor
40,054,559
SIS, 901.39
Total coinage. .^
61,959,232
52,990,758.59
SILVER.
Dollars
!
-.
Subsidiary:
Half dollars
Quarter dollars
Dimes
Total subsidiary
.
I'otal silver
. . . .
MINOR.
The mint at Philadelphia coined, in addition to the above figures, 50,000 Lafayette silver souvenir
dollars.
DIRECTOR OF THE
STATES DURING THE SIX MONTHS ENDED J U N E 30,
SAN FRANCISCO.
Pieces. >
798,000^
81,000
39,000
Value.
NEW
Pieces,
373
MINT.
1900.
ORLEANS.
TOTA r..
Value.
Pieces,
Value.
$15,960,000.00
810,000.00
195,000.00
2,672,534
374,911
1,048,068
27,112
$53 450 680 00
3, 749,110. 00
5 240 340 00
67,780.00
918,000
16, 965,000.00
4,122,625
62,507,910. 00
500,000
500,000.00
9,050,000
$9,050,000.00
13,068,512
13,068,512. 00
1,720,322
1,418,585
3,060,000
860,161.00
354,646.00
306,000.00
100,000
308,000
140,000
50,000.00
77,000. 00
14,000. 00
3,550,834
7,727,097
10,650,512
1,775,417. 00
1,931,774.25
1,065,051.20
6,198,907
i, 520,807.00
548,000
141,000.00
21,928,443
4,772,242.45
6,698,907
2,020,807.00
9,598,000
9,191,000.00
34,996,955
17,840,754.45
10,458,895
29,595,664
522,944.75
295,956. 64
40,054,559
7,616, 907
18, 985,807. 00
9,598,000
9,191,000.00
818 901.39
79,174,139
. 81,167,565.84
374
REPORT ON THE FINANCES.
x m . — E A R N I N G S AND EXPENDITURES OF THE UNITED STATES MINTS
EARNINGS
MINTS.
Items,
Philadelphia.
Charges for parting and refining
$43,704.15
1,868.92
Charges for alloy
.Charges for assaying, melting, and stamping
Seigniorage on standard silver dollars
1,068,399.90
2,066,979.32
Seigniorage on subsidiary coinage
1,794,633.04
Seigniorage on minor coins
Seigniorage on recoinage of uncurrent minor
coins
5,988.63
1,544,58
Profits on medals and proof coins
Charges received for mounting, etc., medal fund
322.30
account
Deposit melting room, grains and sweepings
Surplus bullion returned by operative ofhcers
7,114.56
Gain on bullion shipped mint for coinage
1,227.42
Proceeds of sale of old material
Receipts from special assays of bullion and ore . . .
406.00
Receipts from sale of by-products
Charges received for coinage of foreign governments
2,093.20
Amount received for manufacturing counting
board for the Treasury
.'
24.00
Gain on sweeps sold
Total
San Francisco.
New Orleans.
$60,264. 30
4,527.13
$1,705.22
37.04
163,965.15 |4,244,887.10
738,083. 83 203,365.53
411.99
35,964.65
810.71
Carson.
$256.27
847.31
443. 73
4.00
408.64
65.00
'4,4i7."79'
1,530.32
'4,994,306.02 1,008,445.55 4,452,820.25
1,132.(
EXPENDITURES
Salaries of officers and clerks
Wages of workmen and adj usters
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 the operative departments
Loss on sweeps sold during the year
Expenses of distributing minor coins
Expense of shipping silver bullion by express
for coinage
Loss on sale of leady melts
Expenses of medal fund (charges paid for mounting, etc.)
Loss on bullion shipped the mint for coinage
Loss on recoinage of minor coins
$41,123.79
455,529.80
100,616.60
$5,029.87
5,531.00
2,510.89
68,634.43
3.952.97
3,377.38
1,522.62
8,578.31
3,645.80
4,150.71
45,919.46
44,143.20
4,719.40
44,796.90
36,455. 69
322.30
1.96
i, 585.83
745,757.28
Total .
$29,784.30
.151,610.19
67,856.60
$40,830.40
173,992.50
334,572.
299,453.51
a Includes $158.95, value of Pickler bullion recovered. .
h Includes $102.75, value of gold and silver in old crucibles and slag sold.
c Includes $1,200, value of gold and silver in old crucibles and slag sold.
13,073.72
DIRECTOR OF THE
AND
375
MINT.
ASSAY OFFICES FOR THE FISCAL Y E A R ENDED. J U N E 30,
1900.
AND GAINS.
ASSAY OFFICES.
Denver.
Helena.
Boise.
Charlotte.
$14,553. 96
N e w York.
$2, 515. 85
$2,541.14
$569. 96
St. Louis.
Deadwood.
TOTA I,.
Seattle.
$94,569. 32
4,147. 94
$165.19
$353.67 $17, 045.84
$200,242. 99
10,581.03
38,001.88
5,477,252.15
3,008,428. 68
1,794,633.04
5,988.63
1,544. 58
2,281.71
10,274.64
1,311.26
622.00
10,188,88
4,905. 94
& 291.35
485. 25
132. 56
85.12
2,711.26
2,50
. 24.00
1,594.11
.1,180.90
435.74
838.00
3i8.i3
206. 34
35.00
20.00
195.00
924,00
219. 33 C4,078.79
195.22
4,820.80
130.00
266.00
322.30
13,294. 21
54,201,10
11,026.76
4,675.00
3,494,00
14,606,67
2,093.20
24.00
1,530.32
123,395.75
22,197. 66
4,596. 31
5,481.03
1,944. 65
898,22
26,211,43
10,641,940.60
$3,000,00 $3,200.00
1, OUO. 00 4,563.00
$5,200,00
25,420.25
$194,868.36
888,970. 64
9,505,01
243,915.20
511.65
AND LOSSES.
$39,250.00 $14,050.00
26,841,50 21,900.90
$7,250,00
13,941,50
5, 335.81
3,319.15
9,703.90
$3,400.00 $2, 750.00
7,500.00 1,080.00
2,165,48
920.00
256.36
2,090,99
93,900.00
209, 976.51
56,674.48
14 684 95
44,796. 90
2, 942.37
.
40,606.40
89 IL
89.11
322 30
1.96
8 585.83
172,726.88
41,346.71
24,510. 65
13,065.48
4,750.00
4,256.36
9,853.99
40,125. 26
1,703,492.04
376
REPORT ON T H E
XIV.—SEIGNIORAGE
FINANCES.
ON THE COINAGE OF SILVER AND DISPOSITION OF THE
DURING
THE FISCAL
YEAR
ENDED
JUNE
1899.
J u l v 1. B a l a n c e o n h a n d :
Philadelpliia
San F r a n c i s c o
New Orleans
30,
SAME
1900,
'
:
$64,785.37
155,257.09
210,154.03
$430,196.49
S e i g n i o r a g e on silver dollars:
Philadelphia
San.Francisco
New Orleans
1,068,399.90
163,965.15
4,244,887.10
.
S e i g n i o r a g e on s u b s i d i a r v silver:
Philadelphia
'.
San Francisco
'.
New Orleans
•.
5,477,252.15
2,066,979.32
738,083.83
203,365.53
3,008,428. 68
Total
•....-
8,915,877. 32
PHILADELPHIA.
Warrant No. 1593
2104
936
936
936
936
1563
1563
1563
1563
1021
1021
1022
1738
2504
570
1996
2233
2232
1
:
.
-.:
:
64,355. 09
353,296. 33
8,22a. 42
150,000.00
150,000.00
65,000.00
100,000.00
90,000.00
120,000.00
' 200, 000.00
87,000. 00
65,000.00
180,000.00
12,149.61
132, 087.12
480,429.99
426,881.57
16,811.09
238,736,55
2,939,967. 77
SAN FRANCISCO.
W a r r a n t No. 379
2106
2105
1565
1025
1735
571
1998
2230
2231
:
:
153,557. 00
13,854.39
21,943.17
78,660.08
134,051.68
47,082. 47
150,110.76
172,758.14
6,122.20
172, 751.35
950,891.24
NEW
W a r r a n t N o . 1594 '.
2107
937
1564
1566
1023
2266
1024
1026
17:37
1736
2505
572
1997
2234
ORLEANS.
:
•
318,233.24
249,177.61
261,482.92
49,255.01
-...
300,210.06
89,524.24
285,195.39
48,677.84
324,222.05
465, 315. 56
15,908.44
450,303.20
600,402.03
• 450,300.10
450,300.10
4, 858,207.79
A m o u n t deposi ted i n t h e T r e a s u r y
8,249,066.80
BIRECTOR OF T H E MINT.
377
XIY.—SEIGNIORAGE ON THE COINAGE OF SILVER AND DISPOSITION OF THE SAME
DURING THE FISCAL YEAR ENDED JUNE 30, 1900—Continued,
1900.
June 30. Balanceonhand:
Philadelphia
$260,196,82
San Francisco
106,414.83
New Orleans
300,198.87 ,
$666,810.52
Total
8,915,877.32
378
REPORT ON T H E FINANCES.
XV.—ASSETS AND LIABILITIES OF THE UNITED
ASSETS.
GOLD B U L L I O N .
Institutions.
SILVER B U L L I O N .
Valueof bullion shipped
for coinage.
Standard
ounces.
Value.
Standard
ounces.
Value (cost).
3,892,399.209
147,090.979
48,664.881
$72,416,729 42
2,736,576.33
905,393 18
75,514,824 87
3,560,609 58
3,826,532 67
$61,558,738 17.
2,892,281 61
3,123,026 11
NewYork
Carson
Denver
Helena
Boise
Charlotte
St. Louis
Dead wood
Seattle
1,913,920.274
67.430
14,785.580
2,499.843
3,127.837
35,607,819.14
1,254.53
275,080 55
46,508 71
. 58,192.31
817,071.98
2,288.07
1,137 78
612 03
1,391 18
112.370
2,690 58
6 44
3 38
60,785.117
1,130,885.90
16,216 36
8,594 67
Total
0,083,453.520
113,180,530.65
83,740,690.96
68,224,562.31
COINAGE MINTS.
Philadelphia
San Francisco
NewOrleans
ASSAY O F F I C E S ,
639,049.76
1,211.35
595 55
324 38
737 33
LIABILITIES.
Institutions,
Bullion fund.
Undeposited
earnings.
COINAGE MINTS.
Philadelphia
San Francisco
New Orleans
$245,998,244,09
65,075,239.10
25,434,594.27
$36,376 64
ASSAY OFFICES.
New York
Carson
Denver
Helena
Boise
Charlotte
St. Louis
Deadwood
Seattle
..
..
Total
38,311,438 03
127.666.60
849,511.05
. 100,027.63
163.518.61
28,588.98
10,006.95
21,544.19
1,912,225.47^
378,032,604.97
54,521.65
3,006 71
165 26
226 53
7 53
3,266 88
97,571 20
DIRECTOR OF T H E
379
MINT.
STATES MINTS AND ASSAY OFFICES J U N E 30,1900.
ASSETS.
Silver coin.
Gold coin.
$75,277,987, 67
53,004,166.99
21,336,282.64
$36,968,597.50
6,172,205.00
345,165.00
14,470.00
23,827. 92
•
i
43,524,265.42
Credit balance
with assistant
M i n o r coint r e a s u r e r a n d M i n o r coin. a g e m e t a l .
depository
banks.
$417,103,34
$18,521,18
2,703. 72 a$2,107,248.51
b14,315.67
11,507.38
576,841.66
53,359,80
104,815.50
28,588.98
7,920.52
21,544.19
776,Oil.78
149,632, 648.40
3,690,646,61
Deficiencies.
Total.
$36,543.82
413,557.96
25,000.00
$246,694,221.10
65,218,787.89
25,734,866.93
38,371,291.13
127,666.60
852,517.76
100,192.89
163,745.14
28,588 98
10,014.48
21,544.19
1,915,492.85
75,549.75
417,103. 34
18,521.18
a Gold coin, $2,102,009.42; silver coin, $5,239.09,
550,651.53
379,238,929.44
Z)Gold coin.
LIABILITIES,
Seigniorage on
silver.
$260,196.82
106,414.83
300,198.87
Unpaid deposit- Minor coinage
ors.
profits.
$155,67
757.32
73.79
$144,836.17
M i n o r coinmetal fund.
Unpaid cent
depositors a n d
subtreasury
transfers.
$241,543.05
$49,245.30
'
5,331.45
•
666,810.52
6,318.23
Total.
144,836.17
49,245.30
$240,694,221.10
65,218,787.89
25 734 866 93
38,371,291.13
127,666.60
852,' 517.76
100 192 89
163,745.14
28,588 98
10,014.48
21,544 19
1,915,492.35
•
241,543.05
379,238,929.44
380
REPORT ON T H E FINANCES.
XX.—RECAPITULATION OF IMPORTS AND EXPORTS OF BULLION
THE FISCAL Y E A R ENDING J U N E 30, 1900.
AND COIN DURING
Excess.
Imports.
Description.
Exports.
Imports.
Exports.
GOLD.
.
.
9,928,720
8,659,856
12,373,122
$48,591
40,000
15,970,791
649
30,674,511
1,532,217
44,573,184
Contained i n domestic ore
C o n t a i n e d i n foreign o r e
Bullion domestic
B u l l i o n , foreign
United States coin
F o r e i g n coin
48,266,759
$13,611,486
.
'.
Total.
E x c e s s of e x p o r t s
$48,591
$13,571,486
15,970,791
9,928,071
22,014,655
10,840,905
34,340,462
38,034,037
3,693,575
SILVER.
Contained in domestic ore
C o n t a i n e d i n foreign o r e
B u l l i o n , d o m e s t i c •.
,
B u l l i o n , foreign
United States coin
Foreign coin
...
184,682
184,682
:
24,219,950
24,219,950
51,811,232
6,306,756
266,017
4,463,579
Total.
E x c e s s of e x p o r t s
6,306,718
35,256,302
..
51,811,232
38
468,431
4,247,892
56,712,275
30,742,355
202,414
215,687
52,198,328
21,455,973
X X I . — H I G H E S T , LOWEST, AND AVERAGE PRICE OF B A R SILVER IN LONDON, PER
OUNCE BRITISH STANDARD (0.925), SINCE 1833, AND THE EQUIVALENT IN UNITED
STATES GOLD COIN OF AN OUNCE 1,000 F I N E , TAKEN AT THE AVERAGE PRICE.
Calendar
years.
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
1859,
1860
1861
1862,
1863
1864,
1865,
1866,
AverHighest Lowest
q u o t a - quotat i o n . qtu o t a tion.
ion.
d.
58^
59J
59i
591
59
59i
60
60i
59f
59^
59
59i
d.
b%
60^
60
m
601
1
60^
60f
60f
60t
60
591
59^
591
60i
60|
60
60
6U
611
&
n
62J
62t
61t
62i
6U
62i
611
62i
59M
59H- 1
60
59^
59i
601
60|
603^5
59/J
69^
59^
.591
59T%
582-
59
581
58^
59^
59^
60
59^
601
m
6H
611
611
62i
62t
d.
59^
^
60^
60
601
61
60?
6U
6H
60i
61
61
601
60^
60f
Value
of a fine
ounce at
average
quotation.
59H
59^
59f
.
6X3^
61
60^
6H
• 6U
61T^TJ 1
(^h%
61I
eir^TJ
62,'n
611J
60H61/zr
61t
61§
61^
61i
DoUars.
. 1.297
1.313
1.308
1.315
1.305
1.304
1.323
1.323
L316
1.303
L297
L304
1.298
1,300
1.308
1.304
1.309
1.316
1.337
1,326
1,348
1.348
1.344
1.344
1.353
1.344
1.360
1.352
1.333
1.346
1.345
1.345
1.338
1.339
Calendar
years.
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
AverHighest Lowest
age
quota- quota- quotation.
tion.
tion.
d.
6H
61 i
61
601
61
6 1 ff
59^^.
59^
57|
584
58i55i
63J
52i§
521
b2i
51^c
51f
50
47
47^
44^^
44§
541
48?
d.
60|
60^
60
60i
60f^
59i
571
blk
55i
46?
53i
494
48i
5U
bOl
50
50TV
m
m
42
43i
. 41|
d.
60^
60^
60fs
60^5
604
^Or%
59^
58T%
561i
53^
54M
521
51i 1
521 1
5H
51ig
50^
50H
48i^tT-
45f
44H
421
41ig
mh
47?
453^5
311
m
371
•m
27
3H
'^h%
29-B
m
38?
31'il
29H
281
29
431
29?
231
25
261
39?
35r%
28H
m
%
27T%
26M
27/s
Value
of a fine
ounce at
average
quotation.
DoUars.
1.328
1.326
1.325
1.328
1.326
1.322
1.29769
1.27883 .
1.24233
1.16414
1.20189
1.15358
1.12392
1.14507
1.13229
1.13562
1.10874
1.11068
1.06510
.99467
.97946
.93974
.93511
1.04634
.98800
.87145
.78030 '
.63479
.65406
.67565
.60483
,59010
.60154
381
DIRECTOR OF T H E MINT.
X X I I . — C O M M E R C I A L RATIO OF SILVER TO GOLD EACH YEAR SINCE
1687,
[NOTE.—From 1687 to 1832 the ratios are taken from Dr. A. Soetbeer; from 1833 to 1878 from Pixley
and Abell's tables; and from 1879 to 1894 from daily cablegrams from London to the Bureau of the
Mint.]
Years.
Ratio.
Years.
Ratio.
1687....
1688....
1689....
1690....
1691....
1692....
1693.-..
1694....
1695..-.
1696....
1697-...
1698....
1699....
1700....
1.701....
1702....
1703....
1704....
1705.--.
1706....
1707.--.
1708....
1709....
1710....
1711....
1712....
1713.-..
1714....
1715....
1716....
1717....
1718....
1719....
1720....
1721....
1722....
14.94
14. 94
15. 02
15.02
14.98
14.92
14.83
14.87
15.02
15.00
15.20
15.07
14.94
14.81
15.07
15.52
15.17
15.22
15.11
15.27
15.44
15.41
15.31
15.22
15.29
15. 31
15.24
15.13
15.11
15.09
15.13
15.11
15.09
15.04
15.05
15.17
1723...
1724...
1725...
1726...
1727...
1728...
1729...
1730...
1731...
1732...
1733...
1734...
1735...
1736...
1737...
1738...
1739...
1740...
1741...
1742...
1743...
1744...
1745...
1746...
1747...
1748...
1749.-1750.-1751...
1752...
1753...
1754...
1755...
1756...
1757...
1758...
15.20
15.11
15.11
15.15
15.24
15.11
14.92.
14.81
14. 94
15.09
15.18
15.39
15.41
15.18
15.02
14.91
14.91
14.94
14.92
14.85
14.85
14.87
14.98
15.13
15.26
15.11
14.80
14.55
14.39
14.54
14.54
14.48
14.68
14.94
14.87
14.85
Years.
Ratio.
1759... 14.15
1760... 14.14
1 7 6 1 . . . 14.54
1762... 15.27
1 7 6 3 . . . 14.99
1764... 14.70
1765... 14.83
1766... 14.80
1767... 14.85
1768... 14.80
1769... '14,72
1770... 14.62
1 7 7 1 . . . 14.66
1772... 14.52
1 7 7 3 . . . 14.62
1774... 14.62
1775... 14.72
1776... 14.55
1777... 14.54
1778... 14.68
1779... 14.80
1780... 14.72
1 7 8 1 . . . 14.78
1782... 14.42
1 7 8 3 . . . 14.48
1784.... 14.70
1 7 8 5 . . . 14.92
1786... 14.96
1787... 14.92
1788... 14.65
1789... 14.75
1790... 15.04
1 7 9 1 . . . 15.05
1792... 15.17
1 7 9 3 . . . 15.00
1794... 15.37
Years.
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...
Ratio.
Years.
Ratio,
Years.
15.55
15.65
15.41
15.59
15.74
15.68
15.46
15.26
15.41
15.41
15.79
15-. 52
15.43
16.08.
15.96
15.77
15.53
16.11
16.25
15.04
15.26
15.28
15.11
15.35
15.33
15.62
15.95
15.80
15.84
15.82
15.70
15.76
15.74
15.78
15.78
15.82
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...
1859...
1860...
1861...
1862...
1863...
1864...
1865...
1866...
15.72
15.73
15.93
15.73
15.80
15.-72
15.83
15.85
15.62
15.62
15.70
15.87
15.93
15.85
15.92
15. 90
15.80
15.85
15.78
15.70
15.46
15.59
15.33
15.33
15.38
15.38
15.27
15.38
15.19
15.29
15.50
15.35
15.37
15. 37
15.44
15.43
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....
Ratio.
15.57
15,59
15.60
16,57
15,57
15,63
15,93
16,16
16,64
17,75
17,20
17,92
18.39
18,05
18.25
18,20
18,64
18,61
19.41
20,78
2L10
22,00
22,10
19.75
20.92
23,72
26,49
32.56
3L60
30.59
34.20
35.03
34.36
REPORT ON T H E FINANCES.
X X I I I . —vV V E li A G EPRICE
OI^' AN OUNCE OK GOLD IN LONI)O.\
VALUE IN UNITED STATES SINCE 1870,
E Q U I VA L E N T
A v e r a g e London price.
'..
;
:
-
-•
•
Mint price
B a n k price
Equivalent
value in
United States
gold c o i n o f
a n o u n c e of
gold, B r i t i s h
Standard
(.9161).
£ . s.
d.
3 17 9.01
3 17 9.01
3 17 9.24
3 17 9.28
3 17 9.00
• 3 17 9.23
3 17 9.30
3 17 9.42
3 17 9.41
3 17 9.11
3 17 9.15
3 17 9.35
3 17 9.43
3 17 9.18
. 3 17 9.32
3 17 9.17
3 17 9.10
3 17 9.01
3 17 9.21
3 17 9.04
3 1.7 9.44
° 3 17 10.29
3 17 10.17
3 17 10.57
3 17 9. 33
3 17 9.03
3 17 10.16
3 17 11. 23
3 17 10.46
3 17 9.27
$18.9187
18.9187
18.9233
••• 18.9241
18.9185
18.9231
18.9246
• IS.9270
18.9268
18.9207
18.9215
18.9256
•
18.9272
18.9221
18.9250
18.9219
18.9205
18.9187
18.9227
18.9193
18.9274
18.9446
18.9422
18.9503
18. 9256
18.9191
18.9420
18.9637
18. 9481
18. 9240
$20,638
20.638
20: 643
20.644
20. 638
20. 643
20. 645
20.647
20. 647
20. 640
20.641
20.646
20. 647
20.642
20. 645
20.642
20.640
20.638
. 20.642
20. 639
20.648
20.666
20.664
20.673
•
20.046
20.639
20.664
20. 688
20. 670
20. 644
0.00106
.00106
,02571
,03000
3 17 10. 50
3 17 9.00
Calendar years.
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..
1890
.\ N D
18.9491
18.9185
20. 671
20,638
16208
X X I V . — C O I N A G E VALUE IN GOLD OF AN OUNCE OF F I N E
Percent
Value in
pre
United States abovm i m n k
e Ban
g o l d coin of
of E n g an ounce
land's mini1,000 fine
m u m rate.
,02431
. 03215
,04501
.04394
.01178
. 01607
. 03751
.04607
.01920
.03429
,01821
,01071
00106
, 01804
. 00428
.04715
.13826
.12542
16826
; 03747
00324
.12433
.23901
:15648
. 02936
SILVER AT THE RATIOS
1:15-1:40,
Ratio.
I t o 15
ltol5i
1 t o 15.988 (United
S t a t e s ratio)
Ito 16.....
I t o 16^
I t o 17
I t o 17^
I t o 18
ltol.8i
11019
ltol9i
I t o 20
I t o 20^
I t o 21
lto21i
I t o 22
1 to22i
V a l u e of
an ounce
of fine
silver.
$1.3780
1.3336
1.2929
1.2919
1.2527
1.2159
1.1811
1.1483
1,1173
1,0879
1.0600
1.0335
1.0083
,9843
,9614
,9396
,9187
Ratio.
I t o 23.
1 to 23^
I t o 24.
lto24i
I t o 25.
lto25A
I t o 26.
1 to 26^
I t o 27.
1 t o 27i
I t o 28.
lto28i
I t o 29.
1 to 29^
I t o 30.
1 to m
I t o 31.
1 to dU
V a l u e of
an ounce
of fine
silver.
V a l u e of
an ounce
of fine
silver.
$0.8987
.8796
,8613
.8437
.8268
,8106
.7950
.7800
,7656
.7517
, 7382
,7253
.7109
,7007
,6890
.6777
. . 6668
.6562
I t o 32-.
lto32i,
I t o 33.,
I t o 331,
I t o 34.,
lto34i
I t o 35.,
lto35i,
I t o 36..
lto36i
I t o 37.,
lto37i
I t o 38.,
lto38i
I t o 39-,
lto39i
I t o 40.
$0,6459
.6360
.6264
.6171
.6080
.5992
.5906
,5823
,5742
, 5663
.5587
.5512
. 5439
. 5369
.5300
,5233
, 5168
383
DIRECTOR OF T H B MINT.
X X V . — B U L L I O N VALUE OF 371^ GRAINS OF PURE SILVER AT THE ANNUAL AVERAGE
PRICE OF SILVER EACH Y E A R FROM 1837.
Years.
1837
1838
1839
1840
1841 . .
1842
1843 . .
1844
1845 .
1846
1847
1848
1849
•
1850
1851
1852
Years.
Value.
. •.
.
$1,009
1.008
1.023
1.023
1.018
1.007
1.003
1.008
1.004
1.005
. 1.011
1.008
L013
1.018
1.034
1.025
1853- .
1854
1855. .
1856
lcS57
1858
1859. .
I860..
1861- -1862
1863
1864
1865
1866
1867
1868
Value.
•-.
$1.042
1.042
1.039
1.039'
1.046
L039
1.052
1.045
1.031
1.041
L040
1.040
1.035
1.036
1.027
1.025
Years.
1869 . .
1870
1871
1872
1873
1874
1875.
1876
1877.. .
1878..
1879
1880
1881
1882
1883
1884
Value.
.
$1,024
1.027
1.025
1.022
1.00368
.98909
. . 96086
.90039
.92958
. 89222
.86928
.88564
.87575
• .87833
. 85754
.85904
Years.
Value.
1885..
1886
1887
1888
1889 . . .
1890...
....
1891
1892
1893
1894.
1895
-.
1896
1897
1898..
1899
$0.82379
,76931
,75755
,72683
,72325
. 80927
', 76416
,67401
. 60351
,49097
, 50587
, 52257
.46745
.45640
.46525
X X V I . — U N R E F I N E D GOLD AND SILVER OF DOMESTIC PRODUCTION, BY VALUE, ITS
DISTRIBUTION BY STATES AND TERRITORIES; ALSO R E F I N E D DOMESTIC BULLION (NOT
DISTRIBUTED) DEPOSITED AT THE MINTS AND ASSAY OFFICES FROM THEIR ORGANIiSATION TO THE C L O S E OF THE FiSCAL Y E A R ENDED J u N E 30, 1900,
Localities.
.Alabama
Alaska
Arizona
California
Connecticut
Colorado
Georgia
Idaho
Indiana
loAva
Kansas..:
Maine
Maryland . . . . . . .
Massachusetts...
Michigan
Minnesota
Missouri
Montana
Nebraska
Nevada
New Hampshire.
New Mexico
New York
North Carolina..
Oregon
Pennsylvania . . .
South Carolina..
South Dakota . . .
Tennessee
Texas
Utah . . . .•
Vermont
Virginia
Washington
West Virginia . . .
Wisconsin
Wvoming
Other.
Total unrefined .
Refined
Total.
Gold.
Silver.
Total.
26,253.65
3.72
38.54
14,011.65
42,987,203.16
$272,674.15
4,775,655.84
25,456,021.80
788,715,416.95
125.82
108,513,117.56
9,911,929.96
42,747,268.83
123.95
383.67
69.57
39,423.32
22,218.21
917.56
4,752,378.19
9,164.37
1,432.22
106,240,801.71
520.07
• 2,
148,451,418.80
503.63
• 11,
14,489,834.07
1,059.45
309.75
12,097,794.03
26,099,726.81
3,568.61
2,745,632.86
75,319,490,03
92,411,14
17,727.53
23,543,018.14
87, 172.12
1,785,326.92
1,692,247.46
1,148.31
971,209.51
85,181,701.96
1,233,924,445.47
723,000,077.99
250,130,499.41
559,072,341.12
1,484,054,944.88
1,282,072,419,11
1,956,924,523.46
809,202,840.53
2,766., 127,363.99
$272,067.63
4,723,122.96
11,288,080.39
784,237,495,83
125.82
83,445,010.23
9,901 668.84
40,684,215.72
123.52
318.17
69.32
703.62
173.27
502,172.79
9,048.12
893.60
83,849,808.00
2,497:23
42,847,244.60
11,501.89
7,000,637.42
1,058.83
12,033,695. 35
25,942,137.01
1,138.34
2,739,184.21
73,996,436.16
92,471,63
11,548.89
101.56
3,581,958.88
.86,612.30
1,784,073.27
1,666,243.74
109. 77
• 1 ,
957,197. 86
42,194,
$606.62
52,532.88
14,167,941.41
4,477,921.12
25,068,107.33
10,261,12
2,063,053.11
,43
65.50
,25
719.70
44.94
917,56
4,250,205,40
116.25
538.62
22,390,993.71
22.84
105,604,174.20
1.74
7,489,196.65
.62
63,614.40
157,657.02
2,588.47
384.40
6,196.70
1,323, 18.40
5,862.25
19,962,625.97
59.26
384
REPORT ON THE
FINANCES.
X X V I I . — P R O D U C T OF GrOLJ) AND SILVER IN THE UNITED STATES FROM 1792 TO 1844,
AND
ANNUALLY
SINCE,
[ T h e e s t i m a t e for 1792-1873 is b y R. W. R a y m o n d , comraissioner, a h d s i n c e b y D i r e c t o r of t h e M i n t ]
Year,
A p r i l 2,1792-.July 31,1834
J u l y 31,1834-December 31,1844
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
1.878
1879
1880
1881
:
1882
1883
1884
1885
1886...
1887
.•
1888
1889
1890
•.
1891
1892
1893
1894
1895
1896
1897
1898
1899
Total
-
Gold,
Silver,
Total.
000,000
500,000
008,000
140,000
889,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
000,000
200,000
000,000
100,000
225,000
500,000
725,000
000,000
500,000
000,000
500,000
000,000
000,000
500,000
400,000
900,000
900,000
200,000
900,000
000,000
700,000
500,000
000,000
800,000
800,000
000,000
000,000
175,000
800,000
845,000
175,000
000,000
955,000
500,000
610,000
088,000
363,000
463,000
053,000
Insignificant.
$250,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
500,000
100,000
150,000
2,000,000
4,500,000
8,500,000
11,000,000
11,250,000
10,000,000
13,500,000
12,000,000
12,000,000
16,000,.000
23,000,000
28,750,000
35,750,000
• 37,300,000
31,700,000
38,800,000
39,800,000
45^200,000
40,800,000
39,200,000
43,000,000
46,800,000
46,200,000
48,800,000
51,600,000
51,000,000
53,350,000
59,195,000
64,646,000
70,465,000
75,417,000
82,101,000
77,576,000
64,000,000
72,051,000
76,069,000
69,637,000
70,384,000
70,807,000
$14,000,000
7,750,000
1,058,000
1,190,000
939,000
10,050,000
40,050,000
50,050,000
55,050,000
60,050,000
65,-050,000
60,050,000
55,050,000
55,050,000
55,050,000
50,500,000
50,100.000
46,150,000
45,000,000
43,700,000
48,500,000
57,100,000
64,475,000
63,500,000
65,225,000
60,000,000
61,500,000
66,000,000
66,500,000
64,750,000
71,750,000
70,800, 000
65,100,000
78,700,000
86,700,000
96,400,000
79,700,000
75,200,000
77,700,000
79,300,000
76,200,000
79,600,000
83,400,000
86,000,000
86,350,000
92,370,000
97,446,000
103,310,000
108,592,000
115,101,000
113,531,000
103,500,000
118,661,000
129,157,000
127,000,000
134,847,000
141,860,000
2,305,914,000
1,655,798,000
3,961,712,000
DIRECTOR OF T H E
385
MINT.
X X V I I I . — C O I N A G E OF NATIONS.
1897,
1898.
1899.
Countries,
Gold,
United States.
$76,028,485
Mexico
417,176
Great Britain
8,654,764
Australasia
37,289,873
Indiaa
:
Erance
42,726,251
Germany .
30,145,656
Russia c
170,618,508
A u s t r i a - H u n g a r y d . . . . . . 33,640,553
Lichtenstein
Spain
2,890,407
Italy
147,965
San Marino
Servia
Japan
". 31,600,410
Portugal
Netherlands
Norway
Sweden
Denmark .
...
Belgium
Switzerland
:
1,544,000
Turkey
920,962
Arabia
Egypt
Abyssinia
Persia
Hongkong
China
Indo-China .
632,500
Tunis
Canada
Newfoundland
Costa R i c a
465,433
Brazil
Bolivia
Peru
Colombia
.•
Ecuador
49
Chile
British H o n d u r a s
Santo Domingo
G e r m a n E a s t Africa
Straits Settlements
Morocco
Mauritius.
. . . .
Ceylon
Siam
. .
Total .
. .
437,722,992
Silver.
Gold.
$18,487,297 $77,985,768
19,608,459
599,442
4,583,688- 28,204,336
39,453,387
25,227,996
8,492
34,224,022
42,675,087
35,393,252 135,788,949
14,367,363
•5,722,330
112
6,724,106
307,957
28,950
1,014,624
4,266,028
16,002, 641
864,000
964,800
437,259
147,400
535,319
1,680,022
135,513
267,046
440,435
1,544,000
1,388,586
519,830
720,133
85,200
23,836,427
10,636,955
2,773,428
347
65,964
579,232
Silver.
-25
Silver.
$23,034,033 $111,344,220 $26,061,520
22,066,445
676, 063
18,749,740
6,200,237
43,852,085
7,910,885
46,926,487
26,686,134
57,221,063
7,720,000
10,419, 111
5,211,000
3,704,600
33,628,453
4,346,302
21,373.189 194,481,077. 20,967,769
1,369,352
4,992,663
3,176,050
• • 9,178
15, 322
4,863,650
14,884,262
528,650
485,950
7,720
28,950
143.399
8,159,857
8,705,377
4 363, 709
• 1,100,844
2,754,000
562,800
724,452
265,320
147.400
160,800
1,537,641
795,072
248,910
53,800
136,548
96,500
96 500
424,600
1,158,000
115,800
. 442,721
279,871
248,330
1,022
1,022
856,114
401,440
201,724
. 5,964,000
3,150,000
34,596,185
...
4,589,800
347'
217,000
39,804
.
579,232
698,023
105,6731,189,282
449,807
552,480
623,687
20,000
606,071
127,440
134,000
873,509
50,000
150,000
164,658
- 1,941 532
165 000
50,000
1,415,102
174,900
452,000
606,918
302
167,790,006
5,733,397
347
398,895
100,000
10,000
964,700
195,161
1,348,094
120,000
149,282,936
240,395
73,567
636,000
443,120
9,730
97,320
4,080,000
5,329,042
395,477,905
a Rupee calculated at coining rate, $0,4737.
b Fiscal year 1899-1900, rupee calculated at $0.3244.
c Ruble calculated at coining rate, $0.5145.
d Florin calculated at coining rate, $0.4052.
FI 1900-
Gold,.
466,110,614
166,226,964
386
REPORT ON T H E FINANOES.
X X I X . — W O R L D ' S PRODUCTION OF GOLD AND SILVER FOR CALENDAR YEARS
1897,
1898, AND 1899.
[Kilogram of gold, $664.60; kilogram of silver, $41,56, coining rate in United States silver dollars.
Fine ounce of gold, $20.671834-h; fine ounce of silver, $1,292929-1-, coining rate in United States
silver dollars,]
1897,
Silver,
Gold,
Countries,
Coining
value.
Kilos
(fine).
North AmericaUnited States
Mexico
Canada and Newfoundland
Africa
Australasia
Europe:
Russia..
Austria-Hungary..
Germanv
Norwav
Sweden
Italv
Spain
Portugal
Greece
Turkey
Servia
France
GreatBritain
South America:
Argentina
Bolivia
Chile
Colombia
Ecuador
Brazil
Venezuela
Guiana (British) ..
Guiana (Dutch).
Guiana (French)..
Pieru
Uruguay
Central America:
Asia:
Japan
China
Korea
India (British) . . . .
East Indies (British). .
..
East Indies (butch)
Total
Ounces
(fine).
86,312
11,285
2,774,935 $57,363,000 1,675,582 53,860,000 $69,637,200
362,812 a 7,500,000 1,676,925 53,903,180 69,693,000
9,163
88,111
79,244
294,582
2,832,776
2,547,704
6,089,500
58,558,700
52,665,700
172,923
5,558,446
7,186,700
3,335,100
369,523
11,878,000
15,357,400
7,126,800
34,977
3,364
2,066
1,124,511 23,245,700
108,147 2,235,600
b66,424
1,373,100
8,856
61,297
171,047
6,444
645
22,933
71,168
73
37,431
4,422
570
16,890
7,221
284,625
1,970,332
5,498,135
207,126
20,728
737,163
2,288,104
2,349
1,203,184
142,157
c18,322
542,913
232,108
368,000
2,547,500
7,108,700
267,800
26,800
953,100
2,958,400
3,000
1,555,600
183,800
23,700
701,900
300,100
170,800
1,182,200
• 3,298,900
124,300
12,400
442,300
1,372,900
1,400
721 900
85,300
11,000
325,700
139,300
Value.
127
292
4,083
9,404
84,400
194,400
16
501
10,400
21
20
687
c643
14,200
13,300
Kilos
(fine).
Ounces(fine).
Commercial value.
$32,316,000
32,341,900
53
i,698
35,100
207
517
513
3,351
200
1,812
1,591
3,140
906
2,311
945
60
701
6,661
16,617
16,482
107,740
c6,429
58,251
51,151
100,945
29,127
74,299
30,380
1,925
22,535
137,700
a 343,500
a 340,700
2,227,200
132,900
1,204,200
1,057,400
2,086,700
602,100
1,535,900
628,000
39,800
a 465,800
11,930
255,244
80,637
157,022
240
495,800
383,479
8,204,568 al0,607,900
2,591,998 a3,351,300.
5,047,328 6,525,800
7,734
dlO,000~
230,100
4,922,700
1,555,200
3,028,400
4,600
101,997
3,278,602
1,967,200
1,038
9,221
1,535
10,905'
33,385
296,463
49,350
350,585
690,100
6,128,400
1,020,200
7,247,200
54,388
1,033
175
33,206
5,630
686,400
116,400
355,212
25,258
4,239,000
811,892 a l , 049,700
1,748,609
2,260,800.
11,420,068 236,073,700 4,990,666 160,421,082 207,413,000
487,100
1,049,200
96,252,700
a Estimate Bureau of the Mint,
b Gold separated from silver whose contents do not figure in the statistics in any other country.
c Figures for 1896 repeated,
d Figures for 1893 repeated.
387
DIEEOTOE OF THB MINT.
X X I X . — W O R L D ' S PRODUCTION OP GOLD AND SILVER FOR CALENDAR YEARS
1897,
1898, AND 1899—Continued.
1898.
Countries.
Kilos
(fine).
North America:
UnitedStates
96,995
Mexico
12,790
Canada and Newfoundland
20,822
Africa
120,566
97,594
Australasia
Europe:
38,314
Russia
Austria-Hungary.. 2,798
Germany
111
Norway
Sweden
126
Italy
250
Spain
3
Portugal
16
Greece
21
Turkey
Servia
20
France
Great Britain
10
South America:
Argentina
207
Bolivia
26
Chile
1,344
Colombia
3,248
Ecuador.
59
Brazil
2,383
Venezuela
1,639
Guiana (British)... 3,082
Guiana (Dutch) . . .
856
Guiana (French) .. 2,474
Peru
945
Urueruav
52
Central America
719
Asia:
Japan
1,190
China
8,114
Korea
1,758
India (British)
11,709
East Indies (Brit797
ish)
177
East Indies (Dutch)
Total
Silver.
Gold.
431,215
Ounces
(fine).
Value.
Kilos
(fine).
Ounces
(fine).
3,118,398 $64,463,000 1,693,563 54,438,000 $70,384,500
411,187 a8,500,000 1,765,116 56,738,000 73,358,200
6 669,445 13,838,700
3,876,216 80,128,500
3,137,644 64,860,800
1,231,791 25,463,400
1,859,500
89,954
73,600
3,561
4,044
8,027
96
C501
83,600
165,900
2,000
10,400
c687
d64Z
14,200
13,300
Commercial value.
$32,118,400
33,475,400
138,512
4,452,333
5,756,500
2,626,900
326,379
10,491,100
13,564,300
6,189,700
8,664
56,443
173,329
5,392
2,033
25,028
76,295
73
41,950
4,422
570
14,340
6,575
278,492
1,814,294
5,571,516
173,327
65,345
804,512
2,452,940
c2,349
1,348,411
c142,157
c^ 18,322
460,946
211,347
360,100
2,345,700
7,203,600
224,100
84,500
1,040,200
3,171,500
3,000
1,743,400
183,800
23,700
596,000
273,300
164,300
1,070,400
3,287,200
102,300
38,600
474,700
1,447,200
1,400
795,600
83,900
10,800
272,000
124,700
383,479
16,032,713
4,754,636
5,483,717
7,734
495,800
20,729,200
6,147,400
7,090,100
e 10,000
226,300
9,459,300
2,805,200
3,235,400
4,600
146,923
321
6,600
6,661
851
43,229
104,425
1,911
76,613
52,694
99,105
27,532
79,547
C30,380
1,664
23,113
c137,700
17,600
893,600
2,158,700
39,500
1,583,700
1,089,300
2,048,700
569,100
1,644,400
628,000
34,400
477,800
11,930
498,777
147,916
170,598
240
4,722,687
6,106,100
2,786,400
22,377
719,307
930,000
424,400
38,253
260,871
56,511
376,431
790,800
5,392,700
I,168,200
7,781,500
51,638
1,660,200
2,146,500
979,500
25,625
5,689
529,700
117,600
13,863,620 286,586,500 5,389,083 173,227,864 223,971,500
102,204,600
•
a Estimate Bureau of the Mint.
b Newfoundland product for 1897 included,
c Figures for 1897 repeated.
d Figures for 1896 repeated.
e Figures for 1893 repeated.
Coining
value.
388
REPORT ON T H E FINANCES.
X X I X . — W O R L D ' S PRODUCTION OF GOLD AND SILVER FOR CALENDAR YEARS
1897,
"8, AND 1899—Continued.
1899.
Countries.
Kilos
(fine).
North America:
UnitedStates
Mexico
Canada a n d Newfoundland
Africa
Australasia
Europe:
Russia
Austria-Hungary..
Germany
Norway
Sweden
Italy
Spain
Portugal
Greece
Turkey.......
Servia
France
GreatBritain
South America:
Argentina
Bolivia
Chile
Colombia.
Ecuador
Brazil
Venezuela
G u i a n a (Brit sh) . .
Guiana fDutch)...
Guiana (French)..
Peru
Uruguay
Central America
Asia:
Japan
China
.'
Korea
I n d i a (British)...".
E a s t I n d i e s (British)
•East Indies (Dutch)
Total..
Silver.
Gold.
106,911
12,790
Ounces
(fine), •
Value.
3,437,210 $71,053,400 1,703,720
411,187 a8,500,000 1,730,089
32,086 61,031,563
110,182
3,542,361
119,352
3,837,181
3,411,644
4,411,000
2,047, 000
16,403,000.
7,612,000
134,887
4,196
58,961
1,895,253
194,190
6,242,053
166,908
5,193
2,290
73,619
804, 512
c25,028
c76,295
2,452,940
3,790
119
41,950 c 1,348,411
4,422
d142,157
e18,322
570
c14,340
• 460,946
5,804
:186,582
174,400
2,450,400
8,070,500
215,800
95,200
1,040,200
3,171,500
4,900
1,743,400
183,800
23,700
596,000
241,200
80,900
1,137,200
3,745,200
100,100
44,200
482,700
1,471,800
2,300
795 600
85,300
11,000
276,600
111,900
3,414
8,027
96
227
70,600
165,900
2,000
4,700
21
20
d6Sl
e643
14,200
13,300
88
2,844
. 58,800
461,305
$32,858,700
33,367,300
12,686,658
22,167,100
1,943,900
74,200
- 640177-
54,764,500 $70,806,600
55,612,090 71,902,500
Commercial v a l u e .
394,682
106
c250
cd
1
•
Coining
value.
106,136
1,072,333
94,037
3,589
c1,190
8,387
2,195
12,816
Ounces
(fine).
21,324,300
73,227,100
79,321,600
33,354
2,925
112
207
103
1,344
2,723
72
3,234
1,639
3,070
• 884
2,541
d945
52
879
Kilos
(fine).
d 137,700
6,661
68,500
3,311
c893,600
43,229
1,809,500
87,535
47,900
2,317
2,149,500
103,983
52,694 c 1,089,300
2,040,500
•
98,712
587,600
28,423
1,688,700
81,691
628,000
30,380
34,400
c1,664
584,200
28,263
11,930
337,355
147, 916
109,555
240
383,479
10,843,977
4,754,636
3,521,563
7,734
d 495,800
14,020,500
c6,147,400
4,553,100
d10,000
230,100
6,506,400
2,852,800
2,112,900
4,600
146,923
4,722,687
C6,106,100
2,833,600
• 28,767
924,695
1,195,600
554,800
c51,638
1,660,200
2,146, .500
996,100
14,831,039 306,584,900 5,202,309 167,224,243 216,209,100
100,321,100
38,253
269,662
70,579
412,032
20,562 •
5,689
790,800
5,574,400
1,459,000
8,517,500
425,100
117,600
a Estimate Bureau of the Mint,
6 Newfoundland product for 1897 included.
c Figures for 1898 repeated.
d Figures for 1897 repeated.
e Figures for 1896 repeated.
.
390
REPORT ON T H E FINANCES.
XXX.—PRODUCTION OF GOLD AND SILVER IN
[From. 1493 to 1885 is from a table of averages for certain periods, compiled by Dr, Adolph Soetbeer,
GOLD.
Period.
A n n u a l a v e r a g e for p e r i o d .
Fine ounces.
1
9
8
4
5
6
7
8
9
10
11
T>
13
14
15
16
17
18
19
'^O
•^l
99
9S
9^
"^b
'>6
?7
'>H
29
80
81
8'?
88
1493-1520
1521-1544
1545-1560
1561-1580
1581-1600
1601-1620
1621-1640
1641-1660
1661-1680
1681-1700
1701-1720
1721-1740.
1741-1760
1761-1780.
.
1781-1800
1801-1810
1811-1820
1821-1830
1831-1840
1841-1850
1851-1855
1856-1860
1861-1865
1866-1870 . . .
1871-1875
1876-1880
1881-1885
1886-1890
1891-1895
1896
1897
1898
1899
:
:
'
.
. . . .
.
:
.
Total
.
186,470
230,194
273,596
219,906
237,267
273,918
266,845
281,955
297,709
346,095
412,163
613,422
791,211
665,666
571,948
571,563
367,957
457,044
652,291
1,760,502
6,410,324
6,486,262
5,949,582
6,270,086
5,591,014
5,543,110
4,794,755
5,461,282
7,882,565
9,783,914
11,420,068
13,863,620
14,831,039
Value.
$3,855,000
4,759,000
5,656,000
4,546,000
4,905,000
5,662,000
5; 516,000
5,828,000
6,154,000
7,154,000
8,520,000
12,681,000
16,356,000
13,761,000
11,823,000
11,815,000
7,606,000
9,448,000
13,484,000
36,393,000
132,513,000
134,083,000
122,989,000
129,614,000
115,577,000
114,586,000
99,116,000
112,895,000
162,947,000
202,251,600
236,073,700
286,586,500
306,584,900
T o t a l for p e r i o d .
F i n e ounces.
5,221,160
5,524,656
4,377,544
4,398,120
4,745,340
5,478,360
5,336,900
5,639,110
5,954,180
6,921,895
8,243,260
12,268,440
15,824,230
13,313,315
11,438,970
5,715,627
3,679,568
4,570,444
6,522,913
17,605,018
32,051,621
32,431,312
29,747,913
31,350,430
27,955,068
27,715,550
23,973,773
27,306,411
39,412,823
9,783,914
11,420,068
13,863,620
14,831,039
474,622,592
Value,
$107,931,000
114,205,000
90,492,000
90,917,000
98,095,000
113,248,000
110,324,000
116,571,000
123.084,000
143,088,000
170,403,000
253,611,000
327,116,000
275,211,000
236,464,000
118,152,000
76,063,000
94,479,000
134,841,000
363,928,000
662,566,000
670,415,000
614,944,000
648,071,000
577,883,000
572,931,000
495,582,000
564,474,000
814,736,000
202,251,600
236,073,700
286,586, 500
306,584,900 1
9,811,321,700
391
DIEECTOE OF T H E MINT.
THE AVoRLD SINCE THE DISCOVERY OP AMERICA.
For the year 1886 and thereafter the production is the annual estimate of the Bureau of the Mint.]
SILVER.
A n n u a l a v e r a g e for p e r i o d .
F i n e ounces. Coining value
1,511,050
2,899,930
10,017,940
9,628,925
13,467,635
13,596,235
12,654,240
11,776,545
10,834,550
10,992,085
11,432,540
1 13,863,080
17,140,612
20,985,591
28,261,779
28,746,922
17,385,755
14,807,004
19,175,867
25,090,342
28,488,597
29,095,428
35,401,972
43,051,583
63,317,014
78,775,602
92,003,944
108,911,431
157,581,331
157,061,370
160,421,082
173,227,864
167,224,243
$1,954,000
3,740,000
12,952,000
12,450,000
17,413,000
17,579,000
16,361,000
15,226,000
14,008,000
14,212,000
14,781,000
17,924,000
22,162,000
27,133,000
36,540,000
37,168,000
22,479,000
19,144,000
24,793,000
32,440,000
36,824,000
37,618,000
45,772,000
55,663,000
81,864,000
101,851,000
118,955,000
140,815,000
203,742,000
203,069,200
207,413,000
223,971,500
216,209,100
i
1
1
P E R C E N T A G E OP PRODUCTION,
T o t a l for p e r i o d .
Fine ounces.
Coining value.
By weight.
Gold, '.
Silver,
By value.
Gold.
Silver,
42,309,400
69,598,320
160,287,040
192,578,500
269,352,700
271,924,700
253,084,800
235,530,900
216,691,000
219,841,700
228,650,800
277,261,600
342,812,235
419,711,820
565,235,580
287,469,225
173,857,555
148,070,040
191,758,675
250,903,422
142,442,986
145,477,142
177,009,862
215,257,914
316,585,069
393,878,009
460,019,722
544,557,155
787,906,656
157,061,370
160,421,082
173,227,864
167,224,243
$54,703,000
89,986,000
207,240,000
248,990,000
348,254,000
351,579,000
327,221,000
.
304,525,000
280,166,000
284,240,000
295,629,000
358,480,000
443,232,000
542,658,000
730,810,000
371,677,000
224,780,000
191,444,000
247,930,000
324,400,000
184,169,000
.
188,092,000
228,861,000
278,313,000
409,322,000
509,256,000
594,773,000
704,074,000
1,018,708,000
203,069,200
207,413,000
223,971,500
216,209,100
11
7,4
2.7
2.2
1,7
2
2,1
2.3
2.7
3.1
3.5
4.2
4.4
3.1
2
L9
2,1
3
3.3
6.6
18.4
18,2
14,4
12,7
8.1
6.6
5
4.8
4.8
5,9
6,7
7,4
8,1
89
92,6
97.3
97.8
98.3
98
97.9
97.7
97,3
96.9
96.5
95.8
95.6
96.9
98
98.1
97.9
97
96.7
93.4
8L6
81.8
85.6
87.3
91,9,
93.4
95
95.2
95,2
94,1
93.3
92,6
9L9
66.4
55.9
30.4
26.7
22
24.4
25.2
27.7
30.5
33.5
36.6
41.4
42.5
33.7
24.4
24.1
25.3
33
35.2
52,9
78.3
78.1
72,9
70
58,5
53
.45.5
44.5
44,4
49,. 9
53.2
56.1
58,6
33.6
4.1
69,6
73.3
78
75.6
74.8
72.3
69.5
66.5
63.4
58.6
57.5
66.3
'75.6
75.9
74.7
67
64,8
47.1
2L7
21.9
27.1
30
4L5
47
54.5
55.5
55,6
50.1
46.8
43,9
41,4
8,657,999,086
11,194,174,800
5.2
94.8
46.7
53.3
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
392
REPORT ON T H E FINANCES.
X X X I I . — C O I N A G E O F T H E M I N T S O F T H E U N I T E D STATES FROM T H E I R ORGANIZATION,
1792, TO J U N E 30, 1900.
Denominations.
Double eagles.
Eagles .
Half eagles
Three-dollar pieces (coinage discontinued under act of September
26, 1890)
•
Quarter eagles
Dollars (coinage discontinued under act of September 26,1890)
Totalgold.
Dollars (coinage discontinued, act of February 12; 1873, and resumed under act of February 28,1878)
Trade dollars
Dollars (Lafayette souvenir), act of March 3, 1899
Half dollars
,
Half dollars (Columbian souvenir)
Quarter dollars
Quarter dollars (Columbian souvenir)
-...
Twenty-cent pieces (coinage discontinued, act of May 2, 1878)
Dimes
Half dimes (coinage discontinued, act February 12,1873)
Three-cent pieces (coinage discontinued, act of February 12,1873)..
Total silver
:
Five-cent pieces, nickel
Three-cent pieces, nickel (coinage discontinued, act of September
26, 1890)
Two-cent pieces, bronze (coinage discontinued, act February 12,1873}
One-cent pieces, copper (coinage discontinued, act February 21,1857)
One-cent pieces, nickel (coinage discontinued, act April 22,1864)
One-cent pieces, bronze
Half-centpieces, copper (coinage discontinued, act February 21,1857)
Pieces.
Value.
76,941,303
31,906,116
51,813,309
$1,538,826,060.00
319,061,160.00
259,066,545,00
539,792
11,606,254
19,499,337
1,619,376.00
29,015,635. 00
19,499,337.00
192,306,111
2,167,088,113.00
a 506,527,453
• 35,965,924
50,026
289,977,018
5,002,105
255,052,086
40,023
1,355,000
359,318,612
97,604,388
42,736,240
506,527, 453,00
35,965, 924.00
50, 026.00
144,988, 509.00
2,501, 052,50
63,763, 021.50
10, 005.75
271 000.00
35,931 861.20
4,880 219.40
1,282; 087.20
1,593,628,875
796,171,159,55
359,346,162
17,967,308.10
31,378,316
45,601,000
156,288,744
200,772,000
1,007,275,859
7,985,222
941,349,48.
912,020.00
1,562,887.44
2,007,720.00
10,072,758.59
39,926.11
Total minor...
1,808,647,303
33,503,969.72
Total coinage.
3,594,582,289
2,996,763,242.27
a Silver dollar coinage under act of—
April 2, 1792
February 28, 1878
July 14, 1890
March 3, 1891
Total
$8,031,238
$378,166,793
116,250,950
5,078,472
• 498,496,215
506,527,453
DIRECTOR OF T H E MINT.
393
X X X I I I . — S I L V E R COINAGE, BY ACTS AND DENOMINATIONS, FROM 1792 TO JUNE 30,1900.
1792 to 1853.
Denominations,
Dollars
Trade dollars
Lafayette souvenir dollars
-.
Total dollars
Total silver.
$2,506,890.00
$5,524,348,00 $498,496,215,00
35,965,924,00
50,026.00
$506,527,453.00
35,965,924.00
50,026.00
534,512,165.00
542,543,403.00
32,666,832.50 . 46,041,036.00
2,501,052.50
41,889,190.50
17,879,790.50
10,005.75
271,000.00
27,133,111.10
4,908,520.00
3,055,093.00
537,160,20
144,988,509.00
2,501,052.50
63 763,021 50
10,005.75
271,000.00
35,931,861.20
4,880,219.40
1,282,087.20
117,845,395. 85
253,627,756.55
79,241,854.50 1 64. ,'S71. 744. 20 652,357,560.85
796,171,159.55
2,506,890.00
Half dollars..'
Half dollars, Columbian .
Quarter dollars
Quarter dollars, Columbian
Twenty-cent pieces.
...
Dimes
Half dimes
Three-cent pieces
'
Total subsidiary
1853 to Feb, 12, Feb. 12,1873, to
June 30,1900,
1873.
•
Total silver
.66,280,640,50
3,994,040,50
3,890,230,10
1,825,126,40
744,927,00
76,734,964.50
5,524,348,00
59,047,396,20
Fractional silver coinage, 1792 to 1853..
Subsidiary silver coinage, 1853 to February 12, 1873
Subsidiary silver coinage, February 12,1873, to June 30,1900
Total
$76,734,964,50
59,047,396.20
117,845,395.85
253,627,756.55.
394
REPORT ON T H E F I N A N C E S .
X X X I V . — C O I N A G E OF THE MINTS OF THE UNITED STATES
[Coinage of the mint at Philadelphia from
GOLD C O I N A G E .
Calendar years.
1793 t o 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
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
I860
1861
1862
1863
1864
1865
Double
eagles.
Eagles.
$27,950
60,800
91,770
79,740
174,830
259,650
292,540
150,900
89,790
97,950
. . . .
. ..
.•
$23,405,220
41,743,100
41,060,520
25,226,520
15,157,980
7,293,320
6,597,560
8,787,500
4,234,280
871,940
11,553,400
: . . . 59,529,060
1,842,660
2,855,800
4,085,700
7,024,000
72,000
382,480
473,380
631,310
815,070
754,620
63,610
261,530
200,950
8,622,580
1,454,840
6,536,180
2,914,510
1,763,280
2,631,060
2,012,530
542,500
1,217,010
604,900
166,060
25,210
160,930
117,830
1,132,330
109,950
12,480
35,800
40,050
261,268,560
35,080,900
Carried forward
Half
eagles.
Three
dollars.
' Dollars.
. /
$43,535
16,995
32,030
124,335
37,255
58,110
130,030
265,880
167,530
152,375
165,915
320,465
420,465
277,890
169,375
501,435
497,905
290,435
477,140
77,270
3,175
$165.00
4,390.001,535,00
1,200.00
6,530.66
.1,057.50
8,317,50
4,452,50
4,040.00
17,030.00
6,775.00
242,940
258,615
1,319,030
173,205
88,980
72,425
86,700
145,300
90,345
124,565
140,145
287,210
631,755
702,970
787,435
.
968,150.
3,660,845
1,857,670
2,765,735
1,035,605
1,432,940
590,715
686,910
79,165
137,890
3,056,025
1,701,650
2,085,495
1,979,710
. 4,579,905
1,303,875
665,350
322,455
1,887,525
2,869,505
1,528,850
803,375 $4i5,854
585,490
151,665
989,950
78,030
62,673
490,940
6,399
75,680
46,914
84,070
21,465
99,125
18,216
3,199,750
17,355 ,
22,325
15,117
12,360
8,040
21,100
3,495
6,475
50,967,775
Quarter
eagles.
16,120.00
6,500.00
11,085.00
1,900.00
7,000.00
8,507.50
11,350.00
11,300.00
11,000.00
10,400.00
293,425.00
328,505.00
1,369,965.00
112,700.00
117,575.00
67,552,50
47,147,50
7,057.50
251,365.00
16,960.00
227,627,50
53,995.00
74,535.00
22,215.00
58,235.00
632,307.50
3,431,870.00
2,899,202.50
3,511,670.00
1,490,645.00
588,700.00
960,600.00
535,325.00
118,442.50
98,610.00
56,687.50
3,181,295.00
280,882.50
75,00
7,185,00
3,862,50
$688,567
481,953
3,317,671
2,045,351
4,076,051
1,639,445
758,269
1,762,936
774,789
117,995
168,244
36,668
. 527,499
1,326,865
6,250
5,950
3,725
845,223 20,996,875,00
17,738,228
NOTE.—Not susceptible of exact statement by years of actual date of coin, the registry of annual
coinage being of coin delivered by coiners of mints within the given year, and these deliveries not
having been invariably completed within the year of the date of the coin, as now required.
D I E E C T O E OF T H E
FROM T H E I R ORGANIZATION, B Y C A L E N D A R
395
MINT.
YEARS.
its organization, 1793, to December 31, 1899.]
SILVER COINAGE.
Trade
dollars.
Dollars,
$204,791
72,920
7,776
327,536
423,515
220,920
54,454
41,650
66,064
19,570
321
^ 1,000
300
61,005
173,000
184,618
165,100
20,000
24,500
110,600
140,750
15,000
62,600
7,500
1,300
1,100
46,110
33,140
26,000
63,500
94,000
256,500
218,930
78,500
12,090
27,660
31,170
47,000
3,342,490
Half dollars.
Quarter
dollars.
Twenty
cents.
Dimes,
$161,572.00
1,959.00
15,144.50
14,945.00
15,857.50
78,259.50
105,861.00
419,788.00
525,788.00
684,300.00
702,905. 00
638,138.00
601,822.00
814,029.50
620,951.50
519,537.50
23,575. 00
607,783.50
980,161.00
1,104,000,00
375,56L00
652,898.50
779,786.50
847,100.00
1,752,477,00
1,471,583.00
2,002,090.00
2,746,700.00
1,537,600.00
1,856,078.00
2,382,400.00
2,936,830.00
2,398,500,00
2,603,000,00
3,206,002,00
2,676,003,00
3,273,100,00
1,814,910.00
1,773,000.00
1,667,280.00
717,504.00
155,000.00
1,006,382.00
1,922,000.00
883,000.00
294,500.00
1,105,000.00
578,000.00
290,000.00
626,000.00
113,500.00
100,375.00
38,565.00
1,766,354.00
1,491,000.00
379,750.00
469,000.00
994,000.00
2,113,000.00
374,000.00
151,850.00
1,444,200.00
126,175.00
251,830.00
189,785.00
255,950,00
$2,213.50
2,526.10
2,755.00
$1,473.50
63.00
2,176.00
3,464.00
1,097.50
3,304.00
826.50
12,078.00
• 1,684.50
30,348.50
51,531.00
55,160.75
Half dimes.
Three
cents.
$4,320.80
511.50
2,226.35
1,200.00
1,695.50
650.50
1,892,50
780; 00
16,500.00
4,471.00
635. 50
6,518.00
42,150.00
17,308.00
5,000.75
90,293.50
36,000. 00
31,861.00
54,212.75
16,020. 00
4,450.00
•
94,258.70
118,651.20
10,000.00
44,000.00
42,000.00
51,000.00
1,000.00
25,500.00
99,500.00
80,000,00
39,000.00
71,500.00
488,000.00
118,000.00
63,100.00
208,000.00
122,786.50
47,031.75
30,000.00
22,000,00
161,400,00
105,300,00
230,500,00
127,500.00
183,500.00
36,500.00
85,000.00
47,700.00
40,000.00
44,265.00
3,813,555.00
3,095,000.00
714,250.00
1,816,000.00
2,411,000.00
1,842,000,00
336,000.00
201,350.00
1,213,650.00
233,137.50
48,015.00
23,517.50'
14,825.00
121,500.00
12,500.00
77,000.00
51,000.00
77,135.00
52,250.00
48,500.00
63,500.00
141,000.00
119,000,00
104,200,00
199,250.00
105,311,50
135,858,00
162,250.00
188,750.00
137,000.00
7,250,00
175,500,00
3,130.00
24,500.00
45,150.00
83,900.00
193,150.00
102,650.00
153,550.00
1,217,301.00
447,000.00
207,500.00
578,000.00
558,000.00
154,000.00
43,000.00
60,700.00
192,400.00
84,755.00
1,446,00
3,907,00
1,050,00
61,500.00
62,000.00
62,135.00
48,250.00
68,500.00
74,000,00
138,000.00
95,000.00
113,800,00
112,750.00
53,457.50
67,204.25
57,500.00
40,750.00
58,250.00
21,500.00
78,200.00
1,350:00
63,700.00
33,400.00
65,450.00
47,750. Q
O
39,050.00 $163,422.00
559,905.00
50,025.00
342,000; 00
667,251.00
20,130.00
287,000.00
4,170.00
87,500.00
43,740.00
244,000. 00
31,260.00
364,000.00
^8,120.00
175,000.00
10,950.00
17,000.00
8,610.00
39,950.00
14,940.00
164,050.00
74,627.50
10,906.50
923.00
643.80
14.10
23.50
675.00
255,00
65,225,996.50 18,676,790.50
6,552,468.50
3,648,798.90 1,259,066.40
396
REPORT ON T H E FINANCES.
X X X I Y . — C O I N A G E OF THE MINTS OF THE UNITED STATES
[Coinage of the mint at Philadelphia from
GOLD C O I N A G E .
Calendar years.
Brought forward —
1866
1867.
1868
.S
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
• Total..
Double
eagles.
Eagles.
Half
eagles.
Three
dollars
Q.uarter
eagles.
Dollars,
$845,223 $20,996,875;00
12,090
^ 7,775,00
7,950
8,125.00
14,625
9,062.50
7,575
10,862,50
10,605
11,387,50
3,990
13,375.00
6,090
7,575.00
75
445,062. 50
125,460
9,850.00
60
1,050. 00
135
10,552.50
4,464
4,130.00
246,972
715,650.00
9,090
222,475.00
3,108
7,490.00
1,650
1,700.00
4,620
10,100.00
2,820
4,900.00
3,318
4,982.50
2,730
2,217.50
3,426
10,220.00
18,480
15,705.00
15,873
40,245.00
7,287
44,120.00
22,032,50
27,600.00
6,362.50
75,265.00
10,305.00
15,297,50
48,005,00
74,760.00
60,412.50
68,375.00
$17,738,228
7,180
5,250
10,525
5,925
6,335
3,930
3,530
125,125
198,820
420
3,245
3,920
3,020
3,030
1, 636
7,660
5,040
10,840
6,206
12,205 1
6,016
8,543
16,080
30,729
522,641,300 218,387,890 157,644,765 1,357,716 23,023,902.50
18,223,438 1
$261,268,560 $35,080,900 $50,967,775
37,800
13,975,500
33,600
31,400
5,021,300
34,600
106,550
1,972,000
28,625
3,503,100
. 18,550
8,925
25,350
20,175
3,103,700
17,800
16,150
1,603,000
16,500
8,450
5,037; 600
8,250
562,525
34,196,500
531,600
17,540
7,336,000
1,200
1,100
5,914,800
7,320
7,385
11,678,100
8,170
5,760
7,953,400
738,000 . 658,700
10,872,900
3,847,700
1,509,750
4,152,600
1,029,120 16,448,760 15,832,180
45,200 38,772,600 28,544,000.
12,600 23,244,800 •12,572,800
2,087,400
1,167,200
800
769,050
955,240
1,420
2,535,270
3,007,530
16,560
2,361,600
1,942,160
22,120
536,800
435
2,420
1,329,960
91,480
•4,525,320
44,850
37,825
• 882,220
580,430
21,640
1,519,900
918,680
307,065
28,840
7,975,520
3,767,860
90,460
7,640,985
6,886,780 18,408,950
4,789,775
27,379,800 24,707,780
5,678,260
6,729,680
22,293,120
763,480
295,315
15,853,260
4,339,415
27,665,220 10,001,590
8,121,970
3,167,475
3,409,400
8,553,645
33,387,680 12,623,050
397
DIBECTOE OF THK MINT.
FROM T H E I R ORGANIZATION,
BY C A L E N D A R
YEARS—Continued.
its organization, 1793, to December 31,1899.]
S I L V E R COINAGE.
Trade
dollars.
$397,500
987,800
218,900
456,150
3,039,710
900
1,541
1,987
960
1,097
979
5,107,524
Dollars,
Half dollars.
Quarter
dollars.
$3,342,490 $65,225,996.50 $18,676,790.50
49,625
372,812.50
4,381,25
60,325
212,162.50
5,156. 25
182,700
189,100.00
7,500.00
424,300
397,950.00
4,150.00
433,000
300,450.00
21,850.00
1,115,760
582,680.00
42,808,00
1,106,450
440,775.00
45,737. 50
293,600
1,308, 750.00
371,075.00
1,180,150.00
117,975.00
3,013,750.00 1,073,375.00
4,209,575.00 4,454,287.50
4,152,255.00 2,727,927.50
689,200.00
10,509,550
565,200.00
2,950.00
14,807,100
3,675.00
12,601,355
4,877.50
3,738. 75
9,163,975
5,487.50
• 3,243.75
11,101,100
2,750.00
4,075.00
4,519.50
3,859.75
12,291,039
2,637.50
14,070,875
2,218.7517,787,767
3,065.00
3,632. 50
2,943.00
1,471.50
19,963,886
2,855.00
2,677.50
20,290,710
6,416.50
2,708.25
19,183,833
6,355.50
3,177.75
21,726,811
6,295.00
20,147. 50
16,802,590
100,300.00
980,150.00
8,694,206
a 942,622.50 2,059,311.25
1,037,245
378,792 62,939,448.50 cl, 371,203.75
574,486.00
858,243.00
110,972
917,609.00 1,110,220.00
12,880
475,381.00
968,690.50
9,976,762
1,240,365.50 2,035,182.75
2,822,731
1,478,367.50 2,775,183.75
5,884,735
2,769,423,00 3,156,211.50
330,846
236,558,010
93,764,761.50 43,487,236.00
Twenty
cents.
$7,940
3,180
102
120
Dimes,
Half dimes.
$6,552,468,50 $3,648,798; 90 $1,259,066.40
872.50
. 536.25
681.75
431.25
662.50
138.75
4,295.00
46,625,00
123.00
10,430.00
25,660.00
153.00
26,830.00
47,150.00
120.00
74,443.00
• 127 80
75,361.00
147,397.50
58.50
239,645.00
35,630.00
18 00
394, 710.00
294,070.00
1,035,070.00
1,146,115,00
731,051.00
167,880,00
1,510.00
3,735.50
2,497.50
391,110.00
767,571,20
. 336,638.00
253,342.70
637,757.00
1,128,393.90
549,648.70
738,071.10.
991,154.10
1,531,060.00
1,212,124.50
334,079.20
133,097.20
69,088.00
200,076.20
1,086,926.40
1,632,073.50
1,958,084.60
11,342 24,715,379.80
3,948,791.90 1,260,487.20
a Includes Columbian souvenir half dollars, 1892, $475,000.
6 Includes Columbian souvenir half dollars, 1893, $2,026,052,50,
c Includes Columbian souvenir quarter dollars, 1893, $10,005.75.
• Three
cents.
398';
REPORT ON T H E FINANOES.
X X X I V . — C O I N A G E OF THE MINTS OF THE UNITED STATES
[Coinage of the mint at Philadelphia from
M I N O R COINAGE.
',
Calendar years.
Five cents.
1793-1795
1796 . . . '
1797 . 'J
1798-..'
1799 ...;
1800 . . .i
1801 . . . '
1802 . . . '
1803 . '
1804 . . . ' .
1805. '. . .
1806 . . . I
1807 . :
1808 . . . ' .
1809 . . . i
1810 . . . :
1811. . j
1812
1813. J
1814
1815. ..'
1816 . . . J
1817
,
1818
1819 . . .1
1820 . . . . ;
1821
1822
'. .
1823 . . . L
1824
'
1825
1826 .
1827
1
1828. . 1
1829 . . . . i
1830 . . . '
1831
•
1832
J
1833
•
1834. . J
1835
•
1836
!
1837
1838
'
1839
'.
1840
'
1841
1842 . . .
1843
1844
•
1845
:
1846
1
1847 : . . . . !
1848
i
1849 . . : . . i . . . :
1850
J
1851
1852
1853
J
1854
1855
1856
1857
:.
1858 . . ..'
1859
\
I860
1861
1862
'.
1863
•
1864
1
1865
L
1866
.i
1867
1
1868
.1
1869
Three cents.
1
Two cents.
1
!
.•
•
.
.
•
•...
-... -
Carried forward
$737,125.00
1,545,475.00
1,440,850.00
819,750.00
$341,460.00
144,030.00
117,450.00
97,560.00
.48,120.00
4,543,200.00
748,620.00
$396,950.00
272,800.00
63,540.00
58,775.00
56,075.00
30,930.00
879,070.00 1
399
DIRECTOR OF THE MINT.
FROM T H E I R ORGANIZATION, BY CALENDAR
YEARS—Continued.
i t s o r g a n i z a t i o n , 1793, to D e c e m b e r 31, 1899.]
MINOR COINAGE.
TOTAL COINAGE,
TOTAL V A L U E .
Cents.
$10,660,33
•9,747.00
8,975,10
9,797,00
9,045.85
28,221.75
13,628.37
34,351.00
24,713.53
7,568.38
9,411.16
3,480.00
7,272.21
11,090.00
2,228.67
14,585.00
2,180.25
10,755,00
4,180.00
3,578.30
Half cents.
$712,67
577,40
535,24
60.83
1,057.65
71.83
489.50
5,276.56
4,072.32
1,780.00
2,380.00
2,000.00
5,772.86
1,075.00
315.70
28,209.82
39,4.84.00
31,670.00
"26,710.00
44,075.50
3,890.00
20,723.39
12,620.00
14,611.00
15,174.25
23,577.32
22,606.24
14,145.00
17,115.00
33,592.60
23,620.00
27,390.00
18,551,00
38,784,00
21,110,00
55,583.00
63,702.00
31,286,61
24,627,00
15,973.67
23,833.90
24,283.20
23,987.52
38,948.04
41,208,00
61,836.69
64,157.99
.41,785.00
44,268.44
98,897.07
50,630.94
66,411.31
42,361.56
15,748.29
26,904.63
177,834.56
246,000.00
364,000,00
205,660.00
101,000.00
280,750.00
.498,400.00
529,737.14
354,292.86
98,265.00
98,210.00
102,665,00
64,200.00
iO, 677.44
315.00
1,170.00
3,030.00
2,435.00
11,00
770.00
600.00
705.00
l i 990.00
199. 32
199.06
738.36
648.47
276.79
282.50
202.15
175.90
39,926. II
Gold,
$71,485.00
77,960.00
128,190.00
205,610.00
213,285.00
317,760.00
422,570.00
423,310.00
258,377.50
258,642.50
170,367.50
324,505.00
437,495.00
284,665.00
169,375.00
501,435.00
497,905.00
290,435.00
477,140.00
77,270.00
3,175.00
242,940.00
258, 615.00
1,319,030.00
189,325.00
88, 980.00
72,425.00
93, 200.00
156, 385.00
92, 245.00
131, 565.00
140, 145.00
295, 717.50
643, 105.00
714,270.00
798,435.00
978, 550,00
3,954,270.00
2,186, 175.00
4,135, 700,00
1,148, 305.00
1,622, 515.00
1,040, 747.50
1,207,437.50
710,475.00
960, 017.50
4,062, 010.00
1,782,220.00
2,574, 652.50
2,234,655.00
13,277, 020.00
2,780, 930.00
7,948, 332.00
445.50
27, 756,
52,143,446. 00
51,505, 638.50
36,355. 621.00
20,049. 799.00
10,594, 454.00
10,993, 976.00
10,817, 287.00
4,578, 006,60
1,430, 708,00
11,885, 175,50
67,588, 150.00
3,600, 037.50
2,902, 082, 00
4,163, 775.00
7,081, 607.50
14,073, 945.00
5,108, 625.00
2,141,387.50
3,554,937.50
411,776,456.00
Silver,
$370,683.80
77,118.50
14,550.45
330,291.00
423,515. 00
224,296.00
74,758.00
58,343.00
87,118.00
IOO, 340.50
149,388.50
471,319.00
597,448.75
684,300.00
707,376.00
638,773.50
608,340.00
814,029.50
620,951.50
561,687.50
17, 308.00
28,575.75
607,783.50
1,070,454.50
1,140,000.00
501,680.70
825,762.45
805,806.50
895,550,00
1,752,477,00
1,564,583.00
2,002,090.00
2,869,200.00
1,575,600.00
1,994,578.00
2,495,400.00
3,175,600.00
2,579,000.00
2,759,000,00
3,415,002,00
3,443,003,00
3,606,100.00
2,096,010.00
2,293,000.00
1,949,135.50
1,028,603.00
577,750.00
1,442,500.00
2,443,750.00
1,037,050.00
803,200.00
1,347,580.00
990,450.00
420,050.00
922,950.00
409,600.00
446,797.00
847,410.00
7,852,571.00
5,373,270.00
1,419,170.00
3,214,240.00
4,452,260.00
4,332,120.00
1,037,450.00
681,390:00
3,107,740.00
541,691.50
330,517.80
248,417.10
319,755.00
428,909.25
278,876,25
430,343,00
862,643,00
100,706,382.30
Minor,
12,620.00
14,926.00
16,344.25
23,577.32
25,636,24
16,580,00
17,115.00
• 33,603,60
23,620,00
28,160.00
19,151.00
39,489.00
23,100.00
55,583.00
63,702.00
31,286.61
24,627.00
15,973.67
23,833.90
24,283.20
23,987.52
38,948.04
41,208.00
61,836.69
64,157.9'9
41,984.32
-44,467.50
99,635.43
50,630.94
67.059.78
42,638.35
16.030.79
27,106.78
178,010.46
246,000.00
364,000.00
205,660.00
101,000.00
280,750.00
498,400.00
926,687.14
968,552. 86
1,042,960.00
1,819,910.00
1,697,150.00
963,000.00
$453,541,80
165,402.90
152.250.79
545,698.00
645,906.68
571,335.40
510,956.37
516,075.83
370,698.53
371,827.94
333,239.48
801,084.00
1,044,595.96
982,055.00
884,752.53
1,155,868.50
1,108,740.95
1,115,219.50
1,102,271.50
642.535.80
20,483.00
56,785.57
647,267.50
1,345,064.50
1,425, 325.00
1,864,786.20
1,018,977.45
915,509.89
967,975.00
1,858,297.00
1,735,894.00
2,110,679.25
3,024,342.32
1,741,381.24
2,306,875.50
• 3,155,620.00
3,923,473.60
3,401,055,00
3,765,710.00
7,388,423.00
5,668,667.00
7,764,900.00
3,299,898.00
3,979,217.00
3,021,169.61
2,260,667.50
1,304,198,67
2,426,351.40
6,530,043.20
2,843,257.52
3,416,800.54
3,623,443.00
14,329,306.69
3,265,137.99
8,913,266.32
28,210,513.00
52,689,878.43
52,403,679.44
44,275,251,78
25,465, 707,35
12,029,654,79.
14,235,322,78
15,447,557.46
9,156,126.50
2,832,158.00
12,772,225.50
70,796,890.00
4,422,479.00
3,730,999.80
5,338,879.24
8,369,915.36
15,545,814.25
7,207,411.25
4,268,880.50
5,380,580.50
10,891,393.55
523,374,231. 85
$11,373,00
10,324,40
9,510.34
9,797,00
9,106.68
29,279.40
13,628.37
34,422.83
25,203.03
12,844.94
13,483.4^
5,260.00
9,652.21
13,090.00
8,001,53
15,660.00
2,495,95
10,755.00
4,180.00
3,578.30
28,209.82
39,484.00
31,670.00
26,710.00
44,075.50
3,890.00
20,723.39
400
REPORT ON T H E FINANCES.
X X X I V . — C O I N A G E OF THE ]\IINTS OF THE UNITED STATES
[Coinage of the mint at Philadelphia from
M I N O R COINAGE.
Calendar years.
Five cents.
Brought forward
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
$^1,543,200.00
240,300.00 .
28,050.00
301,800.00
227,500.00
176,900.00
104,850.00
126,500.00
....
...:
•
-.
.
.
...
•
:
..
Total
..
Three cents.
$748,620.00
• 40,050.00
18,120.00
• 25,860.00
• 35,190.00
23,700.00
6,840.00
4,860.00
117.50
1,455.00
997.75
3,618.75
573,830.00
1,148,471.05
563,697.10
73,824.50
166,514.50
763,182.60
536,024.1.6
794,068.05
812,963.60
841,717.50
584,982.10
668,509.75
270,656.60
498,994.20
442,146.00
1,021,436.75
626,604.35
1,301,451.55
941,349.48
$879,070,00
17,225.00
14,425.00
1,300.00
°
70.50
1,236.00
748.65
32,417.25
759.00
318.27
169.26
143.70
128.70
238.83
. 1,232.49
. 646.83
17,444,363.35
Two'cents.
912,020.00
401
DIEECTOE OF THE MINT.
FROM THEIR ORGANIZATION, BY CALENDAR
YEARS—Continued,
its organization, 1793, to December 31, 1899.]
MINOR COINAGE,
Cents.
TOTAL COINAGE.
Half cents.
Gold,
Silver,
Minor.
$4,680,677,44
52,760,00
39,295,00
40,420.00
116,765.00
141,875.00
135,280.00
79,440.00
8,525.00
57,998.60
162,312.00
389,649.55
392,115.75
385,811.00
455,981.09
232,617.42
117,653.84
176,542.90
452,264.83
374,944.14
488,693.61.
571,828.54
470,723.50
376,498.32
466,421.95
167,621.32
383,436.36
390,572.93
504,663.30
498,230.79
536,000.31
$39,926.11
$411,776,456,00
3,177,652.60
1,658,246.00
5,079,746.00
35,337,537.50
8,219,270.00
5,918,630.00
11,706,737.60
.7,979,844.00
13,235,242.00
9,744, 646.00
33,322,294.00
67,372,810.00
35,849,960.00
3,273,960.00
1,740,216.50
6,576,612.50
4,345,542.00
582,383,00
6,018,958.00
1,047,031.00
2,144,002.50
1,282,185,00
11,840,202,60
33, Oil,980,00
56,887,660.00
34,716,357.50
16,960,060.00
42,080,986,00
14, 759,257,50
54,632,750.00
$100,706,382,30
829,400.00
1,891,179.80
1,980,063,50
2,801,283.00
2,579,995.00
5,349,035.00.
10,269,307,50
10, 651,045.60
11,932,850.00
14,816,776.00
12,615,693.76
9,176,163.75
11,500,132.00
13,067,968,45
14,412,369,25
18,047,807,20
20, 606,057,50
21,424,636,40
19,742,606.45
22,474,416.36
17,820,186.60
11,306,716.00
5,251,303.25
5,023,523.46
1,676,798.20
2,109,797.00
11,620,909.70
7,185,205.65
11,770,359.75
8,214,666.10
$10,891,393.55
360,325.00
99,890.00
369,380.00
379,456.00
342,475.00
246,970,00
210,800.00
8,625.00
58,186.50
166,003.00
391,395.95
428,161,75
960,400,00
1,604,770.41
796,483,78
191,622,04
343,186,10
1,215,686,26
912,200,78
1,283,408,49
1,384,792.14
1,312,441.00
961,480.42
1,134,931,70
438.177.92
882,430.66
832.718.93
1,526,100.05
1,124,835.14
1,837,45L86
$523,374,231.86
4,357,277,50
3,649,314.80
7,429,188.50
38,518,275.50
11,141,740.00
11,614,636.00
22,186,846,00
18,639,414.50
25,226,278.50
24,726,424.00
46,329,383.70
76,977,125.50
48 310 492 00
17,946,698.86
16,949,069. 53
23; 81.5,941.74
26,294,785.60
23,222,705.66
26,673,765.23
24,804,854.84
21,348,98L24
13,900,342. 00
18,052,986.17
39,170,435.15
59,002,636 12
37,708,686.06
29 413 688 63
- 50,792,290.70
• 27,654, 452 39
64,684,766.96
13,347,409.39
39,926.11
941,279,011.50
408,863,532.40
32,686,068.33
1,382,817,612,23
FI 1900
26
402
REPORT ON T H E F I N A N C E S .
X X X I V . — C O I N A G E OF THE INIINTS OF THE UNITED STATES
[Coinage of the mint at San Francisco
SILVER.
Q®LD.
Calendar years.
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
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
Double
eagles.
$2,829,360
17,593,500
23,795,000
19,410,000
16,934,200
12,728,900
10,899,000
15,360,000
17,083,460
19,331,400
15,873,200
20,850,000
16,845,000
18,415,000
16,760,000
13,735,000
19,640,000
18,560,000
15,600,000
20,812,000
24,280,000
24,600,000
31,940,000
34,700,000
34,780,000
24,476,000
16,720,000
14,540,000.
22,500,000
23,780,000
18,320,000
13,670,000
5,660,000
17,192,000
15,494,000
16,055,000
25,762,500
18,603,000
19,923,500
20,971,000
22,870,000
28,078,500
29,405,000
51,503,500
40,206,000
Total
Eagles..
$1,238,260
90,000
680,000
260,000
118,000
70,000
50,000
155,000
125,000
100,000
25,000
167,000
200,000
90,000
135,000
64,300
80,000
165,000
173,000
120,000
100,000
50,000
170,000
261,000
2,240,000
5,062,500
9,700,000
1,320,000
380,000
1,242,500
2,280,000
8,260,000
8,170,000
6,487,000
4,254,000
1,155,000
1,413,600
250,000
490,000
1,237,500
2,347,500
4,736,000
8,410,000
Half
eagles.
Three
dollars.
$1,340
305,000 $i9,"866"
525,600 103,500
435,000 42,000
93,000
66,100
106,000 "'ii'ooo'
90,000
47,500
85,000
19,440
138,060
219,600
146,000
260,000
155,000
85,000
125,000
182,000
155,000
80,000
45,000
20,000
133,500
723,500
2,131,000
6,744,500
4,845,000
4,845,000
416,000
885,000
6,057,500
16,340,000
9,560,000
1,469,500
Quarter
eagles. Dollars.
$615 $14,632
177,800
170,000
3,000
38,000
89,000
60,000
20,000
27,000
58,440
97,400
70,000
85,000
73,750
40,000
55,000
45,000
67,500
29,000
12,500
88,500
445,000
108,750
1,492,000
1,120,000
279,500
560,000
777,000
1,770,000
6,987,000
7,725,000
929,075,020 74,122,060 78,244,540 186,300 1,861,255
Trade
dollars.
Dollars.
24,600
10,000
10,000
15,000
13,000
$20,000
3,000
,
9,666
$703,000
2,549,000
4,487,000
5,227,000
9,519,000 1
9,774,000. 4,162,000
9,110,000
8,900,000
12,760,000
9,250,000
6,250,000
3,200,000
1,497,000
750,000
1,771,000
657,000
700,000
8,230,373
5,296,000
1,200,000
100,000
1,260,000
400,000
5,000,000
5,825,000
4,102,000
2,562,000
700
90,232 98,624,073 26,647,000
D I E E C T O E OF T H E
FROM T H E I R ORGANIZATION, BY C A L E N D A R
403
MINT.
YEARS—Continued,
f r o m i t s o r g a n i z a t i o n , 1854, t o D e c e m b e r 31, 1899.]
TOTAL COINAGE.
Half dollars.
Quarter
dollars.
Twenty
cents.
Half
dimes.
I
$4,084, 207.00
18,172, 375.00
25,490, 400.00
20,426, 500.00
17,432, 450.00
13,247, 000.00
11,442, 000.00
16,176, 000.00
17,986, 786.00
20,022, 150,00
16,279, 140,00
21,584 750.00
17, 915, 500.00
19,350, 000.00
17,874, 000,00
14,431, 550,00
20,355, 000.00
20,041, 775,00
16,380, 600,00
22,075, 400,00
27,328, 000,00
32,069, OO'O, 00
42,704, 500,00
49,772,' 000,00
50,186, 500.00
38,065; 750.00
37,427, 000.00
41,845, 000,00
37,915, 000.00
30,826, 000.00
23,703, 996, 90
23,508, 869,00
25,370, 652.40
25,606, 445,00
26,281, 600.00
20,545, 267,80
24,427, 680.60
31,932,' 111. 60
23,304, 604.75
23,539, 773.85
25,447, 052. 65
25,427, 213,25
35,767, 989,35
40,084, 291,65
68, 933, 173. 70
60,109, 954,80
231,000 4,798,728.80 119,100 1,083,579,407 169,317,502.30
1,242,896,909.30
56,496.90
4,369.00
20,662.40
445,445.00
172,000.00
97,267.80
142,307.60
319,611. 60
99,071.00
249,140.10
2.40
112,000. 00
57,506. 60
134,284.40
170,250.70
186,749.30
304,000.00
554,000.00
241,019.75
363,633.75
662,205.25
441,170.25
47,009.75
135,557.25
265,148.00
177,000,00
20,575,031,50
5,322,569.00
Silver,
$164, 075.00
184, 000.00
99, 500.00
274, 250.00
329, 000.00
264, 000.00
511, 000.00
710, 825.00
478, 750.00
361, 500.00
371, 260.00
653, 500.00
630, 000.00
644, 000.00
403, 500.00
507, 000.00
1,136, 775.00
380, 600.00
920, 900.00
2,868, 000.00
7,395, 000.00
10,682, 000.00
14,680, 000.00
13,977, 000.00
9,110, 000.00
8,900, 000.00
12,760, 000.00
9,250, 000.00
6,250, 000.00
3,256, 496. 90
1,501, 369.00
770, 652.40
2,216, 445.00
1,133, 000.00
797, 267.80
8,372, 680.60
6,169, 611.60
2,054, 604.75
1,082, 773.85
3,946, 552.65
1,507, 213.25
5,674, 989.36
6,561, 791.65
5,706, 673.70
3,768, 964.80
$64,975.00
$99,100.00
105,500.00
71,500.00
$7,000.00
79,000.00
20,500.00
238,000.00
30,250.00
6,000.00
20,000.00
283,000.00
6,000.00
14,000.00
236,000.00
14,000. 00
24,000.00
469,750.00
17,250.00
16,750.00
676,000.00
18,075.00
468,000.00
15,750.00
329,000.00
5,000.00
23,000.00
337,500.00
10,250.00
17,500.00
627,000.00
7,000.00
13,600.00
598,000.00
12,000.00
14,000.00
580,000.00
24,000.00
26,000.00
328,000.00
19,000.00
45,000.00
502,000,00
5,000.00
1,089,000.00
7, 725.00
32,000.00
290,000.00
20,750.00
19,000.00
116,600.00
39,000.00
45,500.00
24,000.00
197,000.00
98,000.00
1,600,000.00
170,000.00 $231,000
907,000.00
2,264,000.00 2,149,000.00
1,042,000.00
2,678,000. 00 2,249,000.00
234,000.00
6,000.00
36,000.00
514,514,00
370,000.00
2,024,345.00
554,043.00
570,474.00
466,950.00
1,179,275.00
843,205.50
TOTAL V A L U E .
Gold.
$5,000
4,500
6,000
6,000
6,000
14,000
11,600
8,050
41,850
16, 200
$4,084,207
18,008,300
26,306,400
20,327,000
17,158,200
12,918,000
11,178,000
15,665,000
17,275,960
19,543,400
15,917,640
21,213,500
17,362,000
18,720,000
17,230,000
14,028,050
19,848,000
18,905,000
16,000,000
21,154,500
24,460,000
24,674,000
32,022,500
35,092,000
36,209,500
28,955,750
28,527,000
29,085,000
28,665,000
24,576,000
20,447, 500
22,007,500
24,600,000
23,390,000
25,148,600
19,748,000
16,055,000
25,762,500
21,250,000
22,457,000
21,600,500
23,920,000
30,093,000
33,522,500
63,226,600
66,341,000
404
REPORT ON T H E FINANCES.
X X X I V . — C O I N A G E OF THE IVLINTS OF THE UNITED STATES
[Coinage of the mint at New Orleans from its organization, 1838, to
GOLD.
Calendar years.
1838
1839
1840
1841
1842
1843
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
I860
1861a
1879
1880
1881
1882
1883
1884
1885.
1886
1887.
1888
1889
1890
1891
1892
1893
1894
1895.
1896
1897 .
1898
1899
Double
eagles.
Eagles,
$25,000
274,000
1,751,620
1,187,000
475,000
817,800
5,715,000
358,500
239,000
575,000
2,630,000
180,000
510,000
525,000
180,000
145,000
55,000
200,000
23,000
111,000
$2,820,000
6,300,000
3,800,000
1,420,000
. 65,000
160,000
45,000
600,000
....
" 705,000
182,000
132,000
100,000
46,500
.
.
Half,
eagles.
Three
dollars.
$152,000
41,750
82,000
505,375
1,823,000
205,000
290,000
60,000
205,000
230,000 $72,000
55,500
50,000
65,000
SILVER.
Quarter
eagles.
i65,666.66
216,666.66
370,000.00
350,000.00
382,500.00
52,756.66
85,000,00
.
.
50,000
550,000
83,000
425,000
16,375,500
40,000
55,000
2,887,000
5,305,000
5,708,000
6,090,000
8,725,000
9,730,000
9,185,000
10,710,000
11,550,000
12,150,000
11,876,000
10,701,000
7,954,529
2,744,000
300,000
1,723,000
450,000
4,900,000
4,004,000
4,440,000
12,290,000
370,470
Total
$215,000
14,000
290,000
140,000
290,000
360,000
515,000
213,350
.
$59,000
310,000,00
.
.
Dollars.
$44,452,50
65,500.00
18,450.00
49,500.00
920,005.00
15,000
92,000
83,500
108,200
8,000
286,880
170,000
1,075,000
980,000
Dollars,
19,804,320 4,447,625 72,000
3,023,157.50 1,004,000 144,395,529
a No coinage from 1862 to 1878, inclusive.
405
BIRECTOR OF T H E IVIINT.
FROM THEIR ORGANIZATION, BY CALENDAR Y E A R S — C o n t i n u e d ,
its suspension, 1861, and from its reopening, 1879, to December 31, 1899,]
TOTAL COINAGE.
SILVER,
Half
dollurs.
$81,488
427,550
200, 600
478,500
1,134,000
1,002,500
1,047,000
1,152,000
1,292,000
1,590,000
1,165,000
1,228,000
201,000
72,000
664,000
2,620,000
1,844,000
1,329,000
409,000
3,647,000
1,417,000
645,000
166,000
Quarter
dollars.
$106,300
113,000
192,250
242,000
185,000
Dimes.
$40,243.40
124,327.20
117,500.00
200,750.00
202,000.00
15,000.00
23,000.00
92,000
103,000
22,000
24,000
333,000
371,000
44,000
242,000
295,000
130,000
66,000
97,000
30,000.00
51,000.00
40,000,00
43,000,00
110,000,00
177,000.00
118,000.00
154,000.00
29,000.00
48,000.00
4,000.00
Half
dimes.
Three
cents.
rOTAL VALUE.
Gold.
$44,452,50
217,500,00
85,200.00
405,500.00
3,177,000.00
3,010,000.00
11,000.00
680,000.00
1,272,800.00
6,086,000.00
30,000.00
358,500.00
7,000.00
454,000.00
34,600.00
3,619,000.00
43,000,00 $2i,'666' 9,795,000.00
13,000,00
4,470,000.00
118,000.00
2,220,000.00
78,000.00
1,274,600.00.
30,000.00
450,500.00
56,000.00
292,750.00
69,000.00
805,000,00
83,000.00
905,000,00
28,000.00
205,000.00
53,000.00
243,000.00
IOO,000,00
61,600,00
92,000.00
83,500.00
108,200.00
8,000.00
$54,827,50
46,750.00
40,750.00
17,500.00
213,350,00
195,000
694,500
1,069,000
883,000
462,000
316,000
437,000
862,000
28,720,038
17,000
660,000
849,000
713,000
704,000
371,000
353,700
467,000
661,000
464,000,00
384,170,00
176,000,00
72,000,00
44,000,00
61,000.00
66,600.00
213,000,00
265,000.00
7,452,260
3,262,590.60
336,880,00
720,000,00
1,158,000.00
980,000.00
425,000,00
370,470,00
812,327.50
Silver,
$40,243.40
260,642.70
698,100.00
555,000.00
890,250.00
1,391,000,00
1,198,500.00
1,070,000.00.
1,211,000.00
1,384, 000.00
1,620,000.00
1,192,000.00
1,456,500.00
327,600.00
152,000.00
1,225,000.00
3,246,000.00
1,918,000.00
1,744,000,00
927,000,00
3,889,000.00
1,918,000.00
1,314,000.00
166,000.00
2,887,000.00
5,305,000,00
5,708,000,00
6,090,000,00
8,726,000.00
9,730,000.00
9,185,000,00
10,710,000,00
11,650,000,00
12,150,000,00
11,875,000,00
10,701,000,00
8,425,529.00
3,983,170, Q
O
2,019,600.00
3,577,000,00
2,081,000,00
5,794,000,00
4,740,300.00
5,557,000.00
14,078,000.00
$40,243.40
305,095.20
915,600.00
640,200,00
1,295,760,00
4,568,000,00
4,208,500.00
1,750,000.00
2,483,800.00
7,469,000. 00
1,978,500.00
1,646,000.00
5,075,500.00
10,122,600.00
4,622,000.00
3,446,000,00
4,520,500.00
2,368,500.00
2,036,760.00
1,732,000. Oo
4,794,000.00
2,123,000.00
1,557,000.00
265,000.00
2,948,500.00
5,397,000.00
5,791,500.00
6,198,200.00
8,733,000.00
9,730,000,00
9,186,000,00
10,710,000.00
11,650,000.00
12,363,350,00
11,875,000.00
10,701,000,00
8,425,529,00
4,320,060,00
2,739,500,00
4,735,000.00
3,061,000.00
5,794,000.00
5,165,300,00
5,557,000.00
14,448,470,00
21,600 44,726,602.50 184,664,335.10 229,^390,937. 60
406
REPORT ON T H E
FINANCES.
X X X I V . — C O I N A G E OF THE IMINTS OF THE UNITED STATES
[Coinage of the mint at Carson City
SILVER.
GOLD,
Calendar years.
1870
1871
1872 .
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886 a
1887 a
1888 a
1889 b
1890
1891
1892
1893 c
Double
eagles.
Eagles,
$75,780
293,740
593,000
448,200
2,301,700
2,223,020
2,768,820
851,300
263,600
214,160
Half eagles.
Dollars.
$12,462
1,376
3,150
2,300
$59,080
71,850
55,000
45,430
167,670
77,150
46,960
83,320
32,440
17,620
111,900
240,150
67,640
120,000
99,250
$38,375
103,850
84,-900
37,080
105,990
59,140
34,435
43,400
45,270
86,406
255,085
69,430
414,085
. 64,790
82,010
618,900
1,824,180
100,000
545,300
368,040
176,000
1,037,320
400,000
140,000
269,000
1,040,000
414,840
300,000
350,000
2,309,041
1,618,000
1,352,000
677,000
17,283,560
2,997,780
3,548,085
13,881,329
..
. ....
782,800
1,199,240
1,622,780
189,000
•
. .
Trade
dollars.
2,212,000
756,000
591,000
296,000
1,133,000
1,204,000
1,136,000
228,000
$124,500
1,373,200
1,573,700
.509,000
534,000
97,000
.
Total
a Coinage suspended,
4,211,400
b Operations resumed October 1,1889.
X X X I V . — C O I N A G E OF THE JMINTS OF. THE UNITED STATES
[Coinage of the mint at Charlotte, N. C, from its organization, 1838, to its suspension, 1861.] GOLD.
Calendar years.
1838
1839 . .
1840
1841. ..
1842
1843
1844a
18456
1846
1847
1848
1849
1850
1851
1852.
1853
1854
1855
1856
1857 .
1858
1859
I860
1861
Half eagles.
Quarter
eagles.
Dollars,
Total value.
Total
a Mint burned July 27,1844.
$84,336.00
162,767.50
127,235.00
133,297.50
154,242.50
287,005.00
147,210.00
12,020.00
58,065.00
41,970.00
25,550.00
22,870.00
37,307.50
24,430.00
76,995.00
478,820.00
364,330.00
361,299.00
347,791.00
324,454.50
396,734.00
339,370.00
214,696.50
217,936.50
162,067.50
,170,080.00
216,920.00
164,470.00
92,737.50
34,395.00
4,405,135
.
' $19,770,00
45,432.50
32,095.00
25,742.60
16,842.50
65,240.00
29,056.00
64,975
420,755
322,360
324,115
317,955
• 245,880
362,870
327,855
196,455
198,940
142,285
156,800
194,280
159,235
74,065
34,395
....
$64,565
117,335
95,140
107,555
137,400
221,765
118,155
544,915.00
18,237,50
9,192.60
19,782.50
22,640,00
18,672,50
$11,634
6,966
41,267
9,434
11,515
4
9,803
13,280
5,235
109,138
& No coinage.
5,059,188.00
407
DIRECTOR OF T H E IVIINT.
FROM THEIR ORGANIZATION, BY CALENDAR Y E A R S — C o n t i n u e d ,
from its organization, 1870, to June 30, 1893.]
SILVER.
Half dollars.
$27,308.50
69,975.00
136,000.00
168,530,00
29,500.00
504,000.00
978,000.00
710,000.00
31,000.00
Quarter
dollars.
TOTAL COINAGE,
Twenty
cents.
$2,086.00
2,722.50
2,276.00
4,115.50
TOTAL V A L U E .
Dimes.
Gold,
Silver,
$26,658
2,000
,
...
2, 654,313.50
2,579,198.00
28,668
2,090,110.80
$173,236
469,440
732,900
530,710
2,575,360
2,359,310
2,850,215
928,020
341,310
318,185
366,985
309,580
1,264,526
1,384,030
1,804,040
189,000
$41,855,50
76,083,60
143,825,00
302,564,60
1,403,781,70
2,603,858,00
3,552,000.00
3,062,000,00
2,609,000.00
766,000.00
591,000.00
296,000.00
1,133,000.00
1,204,000.00
1,136,000,00
228,000.00
$216,090.60
546,523.50
876,726.00
833,274.60
3,979,141.70
4,963,168.00
6,402,215.00
3,990,020.00
2,950,310.00
1,074,186.00
957, 986.00
606,580.00
2,397,625.00
2,588,030.00
2,940,040.00
417,000.00
618,900
2,268,180
2,177,320
1,360,140
808,040
35,000.00
1,236,000.00
1,048,000.00
249,000.00
$2,010.00
2,400.00
3,119.10
1,081.70
464,600.00
827,000.00
770,000.00
20,000.00
350,000.00
2,309,041.00
1,618,000.00
1,352,000.00
677,000.00
968,900.00
4,577,221.00
3,795,320.00
2,712 140.00
1,485,040,00
23,829,426
25,445,009.30
49,274,434.30
c Coinage suspended from May 23, 1893.
FROM THEIR ORGANIZATION, BY CALENDAR Y E A R S — C o n t i n u e d .
[Coinage of the mint at Dahlonega, Ga., from its organization, 1838, to its suspension, 1861,]
GOLD.
Calendar years.
1838
1839..
1840
1841
1842
1843
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1865
1866
1857
1858
1859
1860
1861
Half eagles. Three dollars.
$102,915
94,695
114,480
152,475
298,040
492,260
444,910
463,145
401,470
322,025
237,325
195,180
219,760
313,550
457,260
448,390
282,065
112,160
98,930
85,230
76,810
51,830
73,175
7,986
= ...
,
. .
Total
5,536,055
$3,360
Quarter
eagles.
$34,185.00
8,830.00
10,410.00
11,607.60
90,522.50
43,330.00
48,650.00
48,267.50
39,460.00
34,427.50
27,362.50
30,370,00
28,160.00
10,195.00
7,945.00
4,400.00
2,807.60
2,185.00
5,910.00
6,610.00
3,360
494,625.00
Dollars.
$21,588
8,382
9,882
6,360
6,583
2,935
1,811
1,460
3,533
3,477
4,952
1,566
72,529
Total value.
$102 916 00
128,880.00
123,310.00
162,885.00
309,647.50
- 582,782.50
488,240.00
501,795.00
449,727.50
361,485 00
271 752 50
244,130.50
258,502.00
351 592 00
473,815.00
462 918 00
292, 760.00
116 778 50
102,575.00
94,673 00
80,287,00
62,392 00
74,741,00
7,985,00
6,106,569.00
408
REPORT ON T H E FINANCES.
X X X I V . — C O I N A G E OF THE INIINTS OF THE UNITED STATES
RECAPITULATION.
GOLD COINAGE.
Calendar years. •
1793-1795
'.
1796
1797
1798
1799
1800
1801
1802
1803
1804
1805
1806
1807
1808
1809
1810
1811
1812
1813
1814
:
1815
1816
..
1817
1818
1819
1820
1821
1822
1823
1824
1826
1826
1827
1828
1829
1830
1831
1832
1833
1834
1835
1836
1837
1838
1839
1840....
1841
1842
1843
1844
1845
1846
:
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
>..
I860.....
1861
1862
1863
1864
1865
1866
1867
:
1868
1869
Double
eagles.
Eagles.
$27,950
60,800
91,770
79,740
174,830
259,650
292,540
150,900
89,790
97,950
$43,535
16,995
32,030
124,335
37,255
58,110
130,030
265,880
167,530
152,375
165,915
320,465
420,465
277,890
169,375
501,435
497,905
290,435
477,140
77,270
3,175
Three
dollars.
'
Quarter
eagles.
Dollars.
$165,00
4,390,00
1,535,00
1,200,00
6,530,00
1,057,50
8,317,50
4,452.50
4,040.00
17,030.00
6,775.00
"
$26,225,220
48,043,100
44,860,520
26,646,520
18,052,340
25,046,820
30,437,560
28,797,500
21,873;480
13,782,840
22,684,400
74,989,060
18,926,120
22,187,200
19,958,900
27,874,000
30,820,500
23,436,300
18,722,000
.17,238,100
72,000
382,480
473,380
656,310
1,089.070.
2,506;240
1,250,610
736,530
1,018,750
14,337,580
1,813,340
6,775,180
3,489,510
.4,393,280
2,811,060
2,522,530
2,306,760
1,487,010
1,429,900
481,060
343,210
263,930
278,830
1,287,330
234,960
112,480
60,800
207,060
237,800
121,400
241,550
82,860
242,940
258,615
1,319,030
173,205
16,120.00
88,980
72,425
86,700
6,500.00
146,300
11,085.00
90,346
1,900.00
124,565
7,000.00
140,145
287,210
8,507,50
631,755
11,350,00
702,970
11,300.00
787,435
11,000.00
968,150
10,400.00
3,660,845
293,425.00
1,857,670
328,505.00
2,765,735
1,369,965.00
1,035,605
112,700.00
1,600,420
137,345.00
191,622.50
802,745
1,048,530
153,572.50
380,945
54,602.50
656,330
85,007.50
4,275,425
1,327,132.50
4,087,715
89,345.00
2,743,640
276,277.50
2,736,155
279,272.50
5,382,685
482,060.00
1,863,660
98,612.50
1,184,645
111 147,50
860,160
896 547,50
2,651,955
3,867,337,50
3,689,635
3,283,827.50
2,305,095
3,519,615.00
1,513,235 $491,214 1,896,397.50
1,257,090 171,465
600 700.00
1,806,665 181,530 1,213,117.50
1,232,970 104,673
796 235.00
439,770
144,082,50
6,399
361,235
142,220.00
46,914
352,365
164,360.00
42,465
3,332,130
18,216 3,241,295.00
69,825
300 882.50
17,355
97,360
27,075.00
15,117
40,540
7,185.00
8,040
144,535
62.302,50
3,495
263,200
105,175.00
12,090
179,600
7,950
78,125,00
288,625
14,625
94,062,50
7,575
84 612,50
163,926
$936,789
511,301
3,658,820
2,201,145
4,384,149
1,657,016
824,883
1,788,996
801,602
131,472
193,431
51,234
527,499
1,326,865
6,250
5,950
3,725
7,180
5,250
10,525
5,925
560,502,480
54,819,680
67,470,880 1,149,123 26,065,402.60
19,040,007
..
Carried forward
Half
eagles.
409
DIEECTOE OF THE MINT.
PROM T H E I R O R G A N I Z A T I O N , B Y C A L E N D A R
YEARS—Continued.
RECAPITULATION.
SILVER COINAGE.
Trade
dollars.
Dollars.
$204,791
72,920
7,776
327,536
423,515
220,920
54,454
41,650
66,064
19,570
321
1,000
300
61,005
173,000
184,618
165,100
20,000
24,500
169,600
140,750
16,000
62,600
47,500
1,300
1,100
46,110
33,140
26,000
63,500
94,000
636,500
733,930
78,500
12,090
27,660
31,-170
47,000
49,626
60,326
182,700
424,300
6.053,440
Half dollars.
$161,572.00
1,959.00
15,144.50
14,945.00
• 16,857,50
78,259,50
105,861.00
419,788.00
526,788.00
684,300.00
702,906.00
638,138.00
601,822.00
814,029.50
620,951; 50
519,637,60
23,576,00
607,783,50
. 980,161,00
1,104,000,00
375,561,00
652,898,50
779,786.50
847,100.00
1,752,477,00
1,471,583,00
2,002,090,00
2,746,700.00
1,537,600.00
1,856,078.00
2,382,400.00
2,936,830.00
2,398,500.00
2,603,000.00
3,206,002.00
2,676,003.00
3,273,100.00
1,814,910.00
1,773,000.00
1,748,768.00
1,145,054.00
356,500.00
1,484,882.00
3,056,000.00
1,885,500.00
1,341,500,00
2,257,000.00
. 1,870,000.00
1,880,000.00
1,781,000.00
1,341,500.00
301,375.00
110,565.00
2,430,354.00
4,111,000.00
2,288,725.00
1,903,500.00
1,482,000.00
5,998,000.00
2,074,000.00
1,032,850.00
2,078,950.00
802,175.00
709,830.00
518,785.00
593,450.00
899,812,60
810,162.50
769,100,00
726,950.00
Quarter
dollars.
$1,473,50
63.00
1,684.50
30,348.60
51,631,00
55,160.76
Dimes.
.
$2,213.50
2,526.10
2,755.00
2,176.00
3,464.00
1,097.50
3,304.00
826.50
12,078.00
Half dimes.
Three
cents.
$4,320.80
511.50
2,226,35
1,200.00
1,696.60
660.50
1,892,60
780.00
16,500.00
4,471.00
635,50
6,518,00
42,150,00
17,308.00
5,000.75
90,293.50
36,000.00
31,861,00
54,212,75
16,020.00
4,450.00
94,258,70
118,651,20
10,000.00
44,000.00
42,000.00
51,000.00
1,000.00
25,600.00
121,500.00
12,500.00
77,000.00
51,000.00
77,135.00
52,250,00
48,500.00
63,600,00
141,000,00
119,000,00
104,200,00
239,493,40
229,638.70
253,368,00
363,000,00
390,750,00
152,000,00
7,250.00
198,500.00
3,130.00
24,500,00
46,160,00
113,900.00
244,150.00
142,650,00
196,550.00
1,327,30L00
624,000.00
207,500,00
703,000,00
' 712,000,00
189,000,00
97,000,00
78,700,00
209,650.00
102,830.00
17,196.00
26,907,00
18,650,00
14,372.50
14,662.50
72,625.00
70,660.00
99,500.00
80,000.00
39,000.00
71,500.00
488,000.00
118,000.00
63,100.00
208,000.00
122,786.50
153,331.75
143,000.00
214,250.00
403,400.00
290,300.00
230,500.00
127,500.00
275,500.00
36,500.00
85,000.00
150,700.00
62,000.00
68,265.00
4,146,555,00
3,466, ooo; 00
857,350.00
2,129,500.00
2,726,500.00
2,002,250.00
421,000.00
312,350.00
1,237,650.00
249,887.60
48,015.00
28,517,50
25,076,00
11,381,25
17,156.25
31,500.00
23,150.00
95,509.284.50 21,727,878.00
Twenty
cents.
61,500,00
62,000.00
62,135.00
48,250'. 00
68,500.00
74,000.00
138,000.00
96,000,00
113,800,00
112,750,00
108,286.00
113,964,25
98,250.00
58,250.00
58,250.00
32,500,00
78,200.00
1,360.00
63,700.00
63,400.00
72,450.00
82,260.00
82,050.00 $185,022,00
63,026.00
559,905,00
785,251,00
342,000,00
365,000,00
20,130.00
117,500.00
4,170,00
299,000.00
43,740,00
433,000.00
31,260,00
268,000.00
48,120,00
45,000.00
10,950.00
92,950,00
8,610,00
164,050.00
14,940.00
74,627.50
10,906.50
5,923,00
643,80
4,523,50
14,10
6,675,00
255.00
6,636,25
681,75
6,431.25
138.75
18,295.00
123.00
21,930.00
153,00
8,376,184.10 14,529,818.90 11,281,762.90
410
REPORT ON T H E
FINANCES.
X X X I V . — C O I N A G E OF THE JMINTS OF THE UNITED STATES
RECAPITULATION—Continued,
GOLD COINAGE.
Calendar years.
Brought forward
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
Total
Double
eagles.
- Eagles.
$560,502,480
22,819,480
20,456,740
21,230,600
56,456,700
33,917,700
32,737,820
46,386,920
43,604,700
45,916,500
28,889,260
17,749,120
14,585,200
23,295,400
24,980,040
19,944,200
13,875,560
22,120
5,662,420
21,717,320
16,995,120
19,399,080
25,891,340
19,238,760
27,178,320
48,350,800
45,163,120
43,931,760
57,070,220
54,912,900
73,593,680
$54,819,680
164,430
254,650
244,500
173,680
799,270
78,350
104,280
211,490
1,031,440
6,120,320
21,715,160
48,796,250
24,740,640
2,595,400
. 2,110,800
4,815,270
10,621,600
8,706,800
8,030,310
4,298,850
755,430
1,956,000
9,817,400
20,132,450
26,032,780
7,148,260
2,000,980
12,774,090
12,857,970
21,403,520
Quarter
eagles.
Dollars.
$67,470,880 $1,149,123 $26,065,402.50 $19,040,007
51,387,50
9,335
143,550
10,605
68,375,00
245,000
3,930
3,990
52,575.00
276,350
6,090
3,530
512,562.50
754,605
75
125,125
9,850.00
203,530 125,460
198,820
30,050.00
105,240
60
420
23,062,60
61,820
135
3,245
92,630,00
182,660
4,464
3,920
1,427,470 246,972 1,160,650,00
3,020
331,225.00
3,727,155
9,090
3,030
7,490.00
22,831,765
3,108
1,636
1,700.00
33,458,430
1,650
7,660
10,100.00
17,831,885
4,620
5,040
4,900.00
1,647,990
2,820
10,840
4,982.50
1,922,250
3,318
6,206
2,217.50
9,065,030
2,730
12,205
10,220.00
18,282,160
3,426
6,016
15,705.00
9,560,435
18,480
8,543
40,245.00
1,560,980
15,873
16,080
44,120.00
37,826
7,287
30,729
22,032.50
290,640
27,600.00
1,347,065
6,362.50
5,724,700
75,265.00
9,610,985
10,305.00
5,152,275
15,297.50
7,289,680
48,005.00
1,072,315
74,760,00
6,109,415
60,412.50
10,154,475
68,375.00
16,278,645
1,485,375,380 315,312,050 253,826,205 1,619,376 28,947,866.00
a Includes $475,000 in Columbian coins.
Three
Half eagles. dollars.
19,499,337
6 Includes $2,026,052.50 in Columbian coins.
411
DIEEOTOE OF T H E MINT.
FROM THEIR ORGANIZATION, BY CALENDAR YEARS—Continued.
RECAPITULATION—Continued,
S I L V E R COINAGE, •
Trade
dollars.
$1,225,000
4,910,000
6,279,600
6,192,160
13,092,710
4,259,900
1,541
1,987
960
1,097
979
Dollars.
Half dollars.
$6,053,440 $95,609,284.60
445,462
829,758.50
1,117,136
1,741,665.00
1,118,600
866,775.00
296,600
1,593,780.00
1,406,650.00
5,117, 750.00
7,451,576.00
7,540,255. 00
22,495,650
726,200.00
2,960.00
27,560,100
4,877.50
27,397,355
5,487.50
27,927,975
2,750.00
27,574,100
4,519.50
28,470,039
2,637.50
28,136,875
3,066.00
28,697,767
2,943.00
31,423,886
2,855.00
33,611,710
6,416.50
31,990,833
6,355.60
34,651,811
6,295.00
38,043,004
100,300.00
23,562,735
6,333,245 a l , 652,136.50
1,455,792 64,003,948.50
3,093,972
3,667,831.00
2,354,652.00862,880
1,507,855.00
19,876,762
2,023,315.50
12,651,731
14,426,736
3,094,642.60
4,474,628.50
15,182,846
35,965,924 493,458,941
Quarter
dollars.
Twenty
cents.
$21,727,878.00
23,935.00
63,255.50
68,762.60
414,190.60
215,976.00
1,278,375.00 $265,598
7,839,287.50
5,180
6,024,927.50
102
120
849,200.00
3,675.00
3,738.75
3,243. 75
4,076.00
3,859.75
2,218.76
3,632.50
I,47L50
2,677.50
306,708.26
3,177. 76
20,147.50
1,561,150.00
2,960,331.00
C2,583,837.60
2,233,448.25
2,255,390.25
1,386,700,25
2,624,440.00
3,497,33L76
3,994,211,50
145,714,144.60 61,841,263.00
' Dimes.
Three
cents.
$8,376,184.10 $4,529,818.90 $1,281,762.90
26,830.00
120.00
62,150.00
82,493.00
127.80
109,371.00
189,247.50
58,60
261,045.00
51,830.00
18.00
443,329.10
319,151.70
2,406,570.00
3,015,115.00
1,735,051.00
187,880.00
1,510.00
3,735. 50
2,497.50
391,110.00
767,671.20
393,134.90
257,711.70
658,409.40
1,573,838.90
721,648,70
835,338.90
1,133,461.70
2,304,671.60
1,695,366.50
769,219.30
205,099.60
225,088.00
318,681.80
1,287,810.80
2,016,324.20
2,409,833.90
271,000 34,866,810.00 4,880,219.40 1,282,087.20
c Includes $10,005.75 in Columbian coins.
Half
dimes.
412
REPORT ON T H E F I N A N C E S .
X X X I V . — C O I N A G E OP THE IVEINTS OF THE UNITED STATES
RECAPITULATION—Continued.
M I N O R COINAGE.
Calendar years.
Five cents.
1793-1795
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
1844
1845
1846
1847 . . . :
1848
1849
1850
1851
1852
1853
1864
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864
1865.
1866
1867
1868
1869
Three cents.
Two cents.
1
:.;
•
....
:
•
$737,125,00
. 1,545,475.00
1,440,850,00
819,750.00
$341,460,00
144,030,00
117,450,00
97,560.00
48,120.00
$396,950,65
272,800.00
63,540.00
58,776.00
56,075.00
30,930.00 1
4,543,200.00
748,620.00
879.070.00 1
:
Carried forward
413
DIEECTOE OP T H E MINT.
FROM T H E I R ORGANIZATION, BY C A L E N D A R
YEARS—Continued.
. RECAPITULATION—Continued.
MINOR COINAGE,
TOTAL C O I N A G E .
TOT.AL V A L U E .
Cents.
$10, 660,33
9, 747,00
975.10
797.00
046.85
221.75
628.37
351.00
713.53
568.38
411.16
480,00
272.21
090,00
228.67
585,00
180,25
755,00
180,00
578.30
Half cents.
$712.67
577.40
535.24
60.83
1,057.65
7L83
489.60
5,276.66
4,072.32
1,780.00
2,380.00
2,000.00
5,772.86
1,076.00
315.70
209.82
484.00
670.00
710.00
075.50
890.00
723.39
620.00
611.00
174.25
577,32
606,24
146.00
115.00
33, 592.60
23, 620,00
27; 390,00
18, 551.00
38, 784.00
21, 110.00
55, 583.00
63, 702.00
31, 286.61
24; 627.00
15; 973. 67
23; 833.90
24; 283, "20
23; 987.52
38,' 948.04
4i; 208.00
61: 836.69
64, 157.99
41 785.00
44: 268.44
98! 897,07
5o; 630,94
66, 411.31
42: 361.66
15; 748,29
26, 904,63
177; 834.66
246! 000.00
364; 000.00
205; 660.00
101 000.00
280: 750.00
498: 400.00
529; 737.14
354, 292.86
265.00
210.00
102 665.00
64; 200.00
12,
14
15;
23,
22,
14,
4,680,577.44
315.00
1,170.00
3,030.00
2,435.00
ILOO
. 770.00
600.00
706.00
1,990.00
199.32
199.06
738.36
648.47
276.79
282.60
202.15
175.90
39,926.11
Gold.
Silver,
242, 940.00
258, 615.00
1,319,030,00
189, 325.00
88, 980.00
72, 425.00
93, 200.00
156, 385.00
92, 246.00
131, 565.00
140, 145.00
295, 717.50
643, 106.00
714, 270.00
798, 435.00
978, 550.00
3,954,270.00
2,186,175.00
4,135,700.00
1,148,305,00
1,809,765,00
1,376,847. 50
1,675,482.60
1,091,857,50
1,829,407,50
8,108,797.60
5,427,670,00
3,756,447,60
4,034,177,50
20,202,325,00
3,776,512.50
9,007,761.50
31,981,738.50
62,614,492.60
56,846,187.50
39,377,909.00
25,915,962,50
29,387,968.00
36,857,768.50
32,214,040.00
22,938,413.50
14,780,570.00
23,473,654.00
83,395,530.00
20,876,997.60
22,445,482.00
20,081,415.00
28,295,107.50
31,435,945.00
23,828,625.00
19,371,387.60
17,582,987.50
$370,683.80
77,118.50
14,550.45
330,291.00
423,516:00
224,296.00
74,758.00
58,343.00
87,118.00
100,340,50
149,388.50
• 471,319.00
597,448.75
684,300.00
707,376.00
638,773.50
608,340.00
814,029.50
620,961.60
561,687.50
17,308.00
28,675.75
607,783.50
1,070,454.50
1,140,000.00
501,680.70
825,762.46
805,806.50
896,550.00
1,752,477.00
1,664,583.00
2,002,090.00
2,869,200.00
1,575,600.00
1,994,578.00
2,495,400.00
3,175,600.00
2,579,000.00
2,769,000.00
3,415,002.00
3,443,003.00
3,606,100.00
2,096,010,00
2,333,243,40
2,209,778,20
1,726,703.00
1,132,750.00
2,332,750,00
3,834,750,'00
2,235,550.00
1,873,200,00
2,568,580.00
2,374,460,00
2,040,050.00
2,114,960.00
1,866,100.00
774,397.00
999,410.00
9,077,571.00
8,619,270.00
3,501,245,00
5,142,240,00
5,478,760.00
8,495,370,00
3,284,450.00
2,259,390.00
3,783,740.00
I,252,516.50
809,267.80
609,917.10
691,006.00
982.409.25
908.876.26
1,074,343.00
1,266,143.00
12, 620,00
14, 926.00
16, 344.26
23, 577.32
25, 636.24
16, 580.00
17, 115,00
33, 603.60
23, 620.00
28, 160.00
19, 161.00
39, 489.00
23, 100.00
55, 583,00
63, 702.00
31, 286.61
24, 627.00
15, 973.67
23, 833.90
24, 283.20
23, 987.52
38, 948.04
41, 208.00
61, 836.69
64, 167,99
41, 984,32
44, 467,50
99, 635,43
60, 630.94
67, 069.78
42, 638.36
16, 030.79
27, 106,78
178, 010,46
246, 000,00
364, 000,00
205, 660,00
101, 000,00
280; 750.00
498; 400.00
926, 687,14
968; 552,86
1,042, 960.00
1,819; 910.00
1,697,
,150.00
963! 000.00
$453, 541,80
166, 402,90
152 250.79
545: 698.00
645! 906. 68
571; 335.40
510: 956,37
516: 075,83
370: 698,53
371: 827.94
333: 239.48
8OI: 084.00
1,044: 596.96
055.00
752.53
1,156, 868.50
1,108, 740.95
1,115, 219.50
1,102: 271.50
642; 635.80
20, 483.00
56, 785.57
647, 267.60
1,345; 064.50
1,425, 325.00
1,864; 786.20
1,018, 977.46
915, 509.89
967, 976.00
1,
297.00
1,735; 894.00
2,110,679.25
3,024, 342.32
1,741;381,24
2,306,875,50
3,155: 620,00
3,923:473.60
3,401:055.00
3,765: 710.00
423.00
7,;
5,668: 667.00
7,764;900.00
3,299,898.00
4,206,710.40
3,6I7: 912.31
3,426:812.50
2,240: 681,17
4,185;991.40
11,967 830,70
7,687: 207,62
5,668:595,60
6,633:965.54
22,638: 611.69
5,879:720.49
11,164,695.82
33,892 306.00
63,488: 524. 93
57,896,228.44
48,522 539.78
34,577: 870.85
32,905;243.79
42,027,115,28
37,870,810,46
31,679,783,60
18,429,020,00
25,938,704,00
87,280,270.00
22,409,264,00
23,753,149.80
21,618,019.24
29,954; 665,36
33,461,314.25
26,557,411:25
22,142: 880.50
19,812;130.50
729,047,672.50
136,478,368.40
10,891,393.65
876,417,334,45
$71,485.00
77,960.00
128,190.00
206,610.00
213,285.00
317,760.00
422,570.00
423,310.00
258,377.50
. 258,642.50
170,367.60
324,506.00
437,495.00
284,665.00
169,375.00
501,436.00
497,905.00
290,435.00
477,140.00
77,270.00
3,175.00
$11,373.00
10,324.40
9,510.34
9,797.00
9,106.68
29,279.40
13,628.37
34,422.83
26,203.03
12,844.94
13,483.48
5,260.00
9,652.21
13,090.00
8,001.63
16,660.00
2,495.95
10,755.00
4,180.00
3,578,30
28,209.82
39,484.00
31,670,00
26,710.00
44,075,50
3,890.00
20,723,39
414
REPORT ON T H E FINANCES.
X X X I V . — C O I N A G E OF THE MINTS OF THE UNITED STATES
RECAPITULATION—Continued.
MINOR COINAGE,
1
C a l e n d a r years.
Five cents.
Brought forward
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
$4,543,200.00
240,300.00
28,050.00
301,800.00
227,500.00
176,900.00
104,850.00
126,500.00
:
•
:
Total
Three cents.
$748,620.00
40,060.00
18,120.00
25,860.00
35,190.00
23,700.00
6,840.00
4,860.00
117.50
1,455.00
997.75
3,618.75
573,830.00
1,148,471.05
563,697.10
73,824.50
166,514.60
763,182.60
536,024.15
794,068.05
812,963.60
841,717.50
584,982.10
668,509.75
270,656.60
498,994.20
442,146.00
1,021,436.75
626,604. 35
1,301,45L56
941,349.48
$879,070.00
17,225.00
14,425.00
1,300.00
70.50
1,236.00
748.-65
32,417.25
759.00
318.27
169.26
143.70
128.70
238.83
1,232.49
646.83
17,444,363.35
Two cents.
912,020.00
415
DIEECTOE OF T H E MINT.
FROM THEIR ORGANIZATION, BY CALENDAR Y E A R S — C o n t i n u e d .
RECAPITULATION—Continued.
.
MINOR COINAGE.
Cents.
$4,680,577,44
52,750,00
39,295.00
40,420.00
116,765.00
141,875.00
135,280.00
79,440.00
8,525.00
57,998.50
162,312.00
389,649.55
392,115. 75
385,811.00
455,981.09
232,617.42
117,-653.84
176,542.90
452,264.83
374,944.14
488,693.61
571,828.64
470,723.50
376,498.32
466,421.95
167,521.32
383,436.36
390,572.93
504,663. 30
498,230.79
536,000.31
13,347,409.39
Gold.
Half cents.
TOTAL COINAGE.
Silver.
Minor.
$729,047,572.50
23,198,787.50
21,032,685.00
21,812, 645.00
57,022,747.50
35,254, 630.00
32,951, 940.00
46,579, 452.50
43,999, 864.00
49.786, 052.00
39,080, 080.00
62,308, 279.00
96,850, 890.00
65,887, 685.00
29,241, 990.00
23,991, 756.50
27,773, 012.50
. 28,945,542.00
23,972, 383.00
31,380,808.00
21,413,931.00
20,4.67,182. 50
29,222,005.00
34.787, 222.50
56,997,020.00
79,546,160.00
59,616, 357.50
47, 063, 060.00
76,028,485.00
77,985,757.50
111,344,220.00
$136,478,368.40
1,378, 255.50.
3,104,038,30
2,504,488.50
4,024,747.60
6,851, 776.70
15,347,893.00
24,503, 307.50
28,393, 046.60
28,518, 850.00
27,569,776,00
27,411,693.75
27,940,163.75
27,973,132.00
29,246,968.46
28,634,866.16
28,962,176.20
32,086,709.90
35,191,081.40
33,025,606,45
35,496,683.15
39,202,908.20
27,518,856.60
12,641,078.00
8,802,797.30
9,200,350.85
5,698,010.25
23,089,899.05
18,487,297,30
23,034,033.46
26,061,519.90
$10,891,393.65
350,325.00
99,890. 00
. 369,380.00
379,455.00
342,475.00
246,970.00
210,800.00
8,625.00
58,186.50
165,003.00
391,395.95
428,151.75
960,400.00
1,604,770.41
796,483.78
191,622.04
343,186.10
1,215,686.26
912, 200.78
1,283,408.49
1,384,792.14
1,312,441.00
961,480.42
1,134,931.70
438,177. 92
882,430.56
832,718.93
1,526,100.06
1,124,836.14
1,837,451.86
$876,417,334.46
24,927, 368.00
24 236, 613 30
24,686,513.50
61,426, 950.10
42,448,881.70
48,546,803 00
71,293,560.00
72,401,434.50
78,363,088.60
66,814,859.00
90,111, 368.70
126,219,205.60
94,821,217.00
60,093, 728.86
53,323,106.43
56,926,810. 74
61,375,438.00
60,379,150. 66
65,318,615.23
58,194,022. 64
61,054,882.84
58,053,302.60
48,389,780.92
66,934,749.00
89,184,688. 77
66,196,798.31
70,975,677.98
96,041,882.35
102,144,626.09
139,243,191,76
39,926.11 2,104,580,203.00
778,280,379.10
32,686,068.33
2,, 915,545,650,43
$39,926.11
416
REPORT ON THE
FINANCES.
X X X V . — I M P O R T S AND EXPORTS OF T H E PRECIOUS METALS OF T H E
P R I N C I P A L COUNTRIES OF T H E WORLD.
TABLE SHOWING THE V A L U E OF THE GOLD AND SILVER COIN AND
BULLION
IMPORTED INTO.AND EXPORTED FROM THE PRINCIPAL COUNTRIES OF THE WORLD,
ALSO THE EXCESS OP IMPORTS OVER EXPORTS OR EXPORTS OVER IMPORTS, FOR
A SERIES OF YEARS.
TJlSriTED
STATES.
Value of gold coin and bullion imported into and exported froin the TJnited States, fiscal
years since 1825.
Year ending—
S e p t e m b e r 30—
1825. .
1826
1827
1828 1829..
1830
1831
1832. .
1833
1834
1835
1836.
1837
1838 .
1839
1840
1841
1842
J u n e 30—
1843 a
1844
1845...
1846
1847
1848
1849
1850
1861
1852 . .
1853
1854
1855
1856
1857
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
Imports,
Exports,
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
.
. . ' . . .
. . . .
..
.
.
.
.
.
.
.
.
...
.
.
.
Arnount carried forward
....
...
$529,277
678,740
1,110,448
808,220
816,666
821,146
932,029
716,686
611,852
3,"66,172
2,325,196
7,231,862
2,431,814
11,674,883
1,164,580
3,085,157
1,269,449
757,294
$315,672
1,056,088
1,872,489
1,635,084
1,573,258
1,422,664
2,979,529
2,049,406
889,605
690,180
1,355,280
647,455
3,213,735
1,213,204
4,800,668
3,703,373
3,689,869
2,304,756
17,066,437
1,613,304
818,850
910,413
21,574,931
3,408,755
4,068,647
1,776,706
3,569,090
3,658,059
2,427,356
3,212,719
1,092,802
990.305
6,654,636
11,566,068
2,125,397
2,508,786
42,291,930
13,907,011
5,530,538
11,176,769
6,498,228
8,196,261
17,024,866
8,737,443
14,132,568
12,056,950
.6,883,561
8,717,458
8,682,447
19,503,137
13,696,793
7,992,709
26,246,234
13,330,215
5,624,948
80,758,396
100,031,269
34,377,054
17,734,149
22,831,317
407,687
1,366,521
3,055,425
2,053,199
1,037,921
11,071,197
1,972,233
4,560,627
22,836,913
40,073,979
25,442,868
40,654,464
55,109,215
46,000,977
65,232,653
50,002,804
61,108,063
58,446,039
27,423,973
35,439,903
62,162,838
100,661,634
58,381,033
71,197,309
39,026,627
73,396,344
36,003,498
33,635,962
66,686,208
49,548,760
44,856,715
34,042,420
66,980,977
31,177,050
26,590,374
9,204,455
4,587,614
3,639,025
2,565,132
32,587,880
11,600,888
41,081,957
635,736,973
1,487,123,556
a Nine months,
$213,605
$377, 348
762,041
826,864
766,592.
601,518
2,047,500
1,332,720
277 653
3,075,992
969,916
6,684,407
781,921
10,461,679
3,636,088
618,216
2,320,420
1,547 462
16,658,750
246,783
2 236 575
1,142,786
20,537,010
7,662,442
2,096,414
2,783,921
19,267,823
36,415,920
23,015,502
37,341,745
54 016 413
44,010.672
58,578 017
38,436,736
58,982 656
55,937,253
14,867,957
21,532,892
56,632,300
89,484,865
51,882,805
63,001,048
22,001,761
64,658 901
21,870,930
21,579,012
59,802,647
40,831,302
36,174,268
14,539,283
53,284,184
23,184,341
344,140
4,125,760
1,037,334
77,119,371
97,466,127
1,789,174
6,133,261
18,250,640
263,383,540
1,114,770,123
417
DIKECTOR OF THE MINT.
Value of gold coin and bidlion imported into and exported from the United States,-fiscal
years since 1825—Continued.
Exports,
Excess of
Excess of
imports over exports over
exports.
imports.
$1.35,736,973
$1,487,123,556
$263,383,640 $1,114,770,123
26,691,696
20,743,349
42,910,601
43,934,317
10,372,145
13,097,146
18,616,112
50,162,879
22,069,380
72,989,563
36,384,760
33,507,853
85,021,992
120,402,195
88,978,882
44,573,184
8,477,89242,952,191
9,701,187
18,376,234
60,033,246
17,350,193
86,462,880
60,305,533
108,966,655
77,162,228
66,502,136
112,412,466
40,412,151
15,633,719
37,549,783
48,266,759
1,366,093,027
2,287,588,808
Imports.
Year ending—
Amount brought forward
June 30—
1885
1886
1887
1888
.
. .
1889
1890
1891
1892
1893
1894
1895
.
1896
1897
1898
1899
1900
Total
18,213,804
33,209,414
25,658,083
44,609,841
104,868,476
51,429,099
22,208,842
49,661,101
4,253,047
67,946,768
142,664
86 897 275
4,172,665
30,117,376
78,904,612
3,693,575
641,272,257
1,462,768,038
NOTE.-—There were no exports of domestic gold previous to 1826, the exports of domestic gold not
being separately stated from 1826 to 1861, and in 1863 were included in the exports of domestic silver
by the Bureau of Statistics (Statistical Abstracts, 1879-1891), In the Abstracts for 1892-93 this item
is omitted entirely, while in the Abstracts for 1894-95 it is included in the gold exports, with the following note appended: "Gold and silver can not be separately stated prior to 1864, but it is probable
that the greater portion of the exports was gold."
Value of silver coin and bullion imported into and exported from the United States, fiscal
years since 1821.
Imports, •
Year ending—
September 30—
1821
1822
1823
1824. .
1825
18261827
1828.
1829
1830.
.
1831
1832
1833
1834.
1835
1836
1837...
1838
1839. .
1840
1841
1842
June 30—
1843 a
1844
1845
1846
1847.
1848
1849
1850
1851
1862.
1853
1864
1865
1866
1857
1858
. .
.
:
.. .
.. .
.. ... ....
. .
.'
.
fi 1900
http://fraser.stlouisfed.org/ 27
Federal Reserve Bank of St. Louis
Exports.
Excess of
Excess of
imports over exports over
exports.
imports.
$2,413,169
7,440,334
1,275,091
$8,064,890
3,369,846
5,097,896
8,378,970
5,621,488
6,202,226
7,040,682
6,681,521
6,586,946
7,334,818
6,373,916
5,190,818
6,458,516
14,146,460
10,806,251
6,169,019
8,084,600
6,072,233
4,430,596
5,797,656
3,719,184
3,329,722
$10,478,059
10,810,180
6,372,987
7,014,552
8,481,383
3,648,475
6,142,391
6,608,392
3,350,762
756,109
6,035,402
3,606,934
1,722,196
1,386,578
5,122,495
3,676,881
2,762,514
2,294,842
3,976,075
4,713,641
6,444,463
2,508,783
5,253,898
4,217,125
3,261,392
2,867,319
2,546,358
2,951,529
2,682,593
2,852,086
1,884,413
1,846,985
1,774,026
3,726,623
2,567,010
3,217,327
5,807,163
7,708,428
1,113,104
4,087,693
5,-551,070
1,852,069
869,103
4,770,419
3,432,415
2,962,367
6,635,839
2,600,166
2,044,017
727,040
1,138,128
744,508
3,904,269
2,630,343
4,140,794
129,432
152,976,634
74,601,922
200,011,629
a Nine months
$1,364,418
2,653,751
898,291
73,129
3,236,184
6,578,709
338,514
1,583,884
4,736,320
12,758,882
5,683,756
2,492,138
5,322,086
3,777,391
454,521
1,084,015
820,939
1,016,250
1,677,255
2,859,895
2,725,279
2,299,678
1,818,890
849,822
110,281
• 4,751,426
753,171
269,991
2,999,583
1,428,882
2,472,819
1,902,894
5,078,085
27,567,027
418
REPORT ON THE FINANCES.
Value of silver coin and bullion imported into and exported from the United States, fiscal
years since 1821—Continued.
Year e n d i n g -
A m o u n t brought forward
J u n e 30—
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
1894
. 1895
1896
1897
1898
1899
1900
Total
Imports.
$200,011,529
5,309,392
6,041,349
4,047,681
2,508,041
4,053,567
1,938,843
3,311,844
2,503,831
5,045,609
5,450,925
5,675,308
14,362,229
14,386,463
5,026,231
12,798,490
8,951,769
7,203,924
7,943,9-72
14,628,180
16,491,099
14,671,052
12,275,914
10,544,238
8,095,336
10,756,242
14,594,945
16,650,627
17,850,307
17,260,191
20,614,232
24,682,380
27,524,147
26,278,916
28,764,734
34,293,999
19,965,713
20,211,179
27,314,015
30,688,438
30,929,451
31,120,518
35,256,302
827,632,152
Exports.
$152,976,634
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$74,601,922
2,779,
8,100,
2,367,
1,447,
1,993,
4,734
9,262
14,846
21,84i;
21,387,
21,134,
24,519,
31,755
30,328,
39,751
32,587,
26,151
25 329,
29,5"1,
24,535:
20,409,13,603
16,84i:
16,829!
20,219:
26,051:
33,753:
29,511
26,296
28,146:
36,716:
36,069:
23,533,
33,800:
41,947,
51,007;
47,842,
60,576:
63,226
56,761,
56,656,
56,712,
1,321,807,983
84,677,993
$27,567,027
2,530,034
"*2;658'85i
1,680,574
1,060.304
2,059,794
2,796,064
5,950,349
12,342,931
16.796,136
16,936,833
15,459,674
10.157.475
17,369,317
25,302.543
26,953.369
23,636,216
17,9'47,24I
17,385,280
15,043,683
8,0<14,5''I
5,738,7'75
1,227,980
6,297,4'77
* 8,734,263
9,464,203
11,456,481
17,203,006
11,660,912
9,036,313
7,632,278
12,034,403
8,545,455
2,745,365
5,035,828
7,653,813
31,041,359
27,631,789
33,262,258
32,636,835
24,822,146
25,534,817
21,455,973
578,853,824
419
DIRECTOR OF THE MINT.
Value of gold coin and bullion imported into and exported from Australasia since 1851.
Years.
1851
1852
1853....
1854
1855 . . . .
1856
1857
1858
1869.
.
I860
1861 .
1862
1863
1864
1865
1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886 1887
1888
1889
1890
1891
1892 . ..
1893
1894
1895
1896
1897
1898
1899
Imports.
.
...
.
.
•
.
.
.
,
..
•...
•
•
.-
:
$16,216,226
. . .
Total
26,848,485
42,064,711
Exports.
$4,365,251
46,105,221
50,640,799
49,925,424
53,857,556
61,050,243
55,137,445
55,575,430
56,650,927
49,575,036
53,127,581
50,884,124
55,813,889
43,925,029
46,397,211
46,805,997
42,815,467
45,506.642
50,528; 870
40,090,227
37,009,733
36,970,801
45,024,858
36,615,546
33,423,122
27,247,534
36,527,949
28,542,023
13,193,081
22,059,846
33,014,336
26,931,211
24,765,619
5,732,737
25,612,390
16,429,304
9,251,217
16,346,674
25,821,649
27,364,330
31,004,472
20,148,254
24,431,771
26,106,806
25,300,685
27,828,360
86,620,732
62,839,635
65,326,624
1,855,269,467
Excess of
Excess of
imports over exports over
exports.
imports.
"
$4,365 251
46,105,221
50,640,799
49,925,424
53 857,556
61,050,243
55 137 445
55,675,430
56,650 927
49,575,036
53,127 581
50,884,124
55,813,889
43,925,029
46,397,211
46,805,997
42,815 467
45,506,642
50,528,870
40,090,227
37,009,733
36,970,801
45,024,-858
36,615,546
33,423,122
27,247,534
36,627,949
28,542,023
13,193,081
22,059,845
33,014.336
26,93i; 211
24,765,619
5,732,737
25,612,390
16,429,304
9,251,217
16,346,574
25,821,649
27,364 330
31,004,472
20,148,254
9,215,545
- 26,106,806
25,300,685
27,828 360
58,772,247
62,839,635
65,326,524
1,813,204 756
420
REPORT ON THE FINANCES.
GJ-R.E.^T D B R I T ^ i : s r ^ N T ) IREL^^nSTr).
Value of gold coin and bullion imported into and exported from Great Britain and Ireland
since 1858.
Years.
Imports.
Exports.
Excess of
Excess of
imports over exports over
exports.
imports.
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 . . : . - . .
1894
1895
1896
1897
1898
:.
1899.
$110,922,748
108,611,747
61,243,365
59,195,799
96,861,375
93,157,779
82,248,478
. 70,494,026
114,409,668
76,891,474
83,393,205
67,015,657
91,522,942
106,208,494
89,881,539
100,304,234
87,991,279
112,614,868
114,245,832
75,148,420
101,570,717
65,058,657
. 46,012,081
48,484,969
69,963,524
37,743,601
52,287,662
66,097,034
65,173,415
48,447,594
•76,830,297
87,178,671
114,693,910
147,472,002
103,413,125
120,978,231
134,590,674
176,197,803
119,664,232
150,648,060
230,260,646
159,544,991
$61,157,500
87,991,863
76,119,739
59,071,387
77,922,217
74,473,407
64,625,860
41,332,800
62,009,230
38,393,911
61,845,954
41,237,256
48,730,800
100,728,156
96,108,100
92,810,092
51,787,522
90,751,932
80,373,888
99,088,686
72,844,239
85,547,318
57,564,962
75,425,090
58,613,842
34,510,128
58,460,481
58,061,325
67,078,406
46,373,368
72,725,672
70,346,805
69,623,497
117,634,800
75,187,425
94,959,241
76,298,306
104,094,683
146,628,706
149,970,551
178,101,062
104,907,058
$49,765, 248
20,519,
Total
4,022,574,825
3,280,417,252
881,224,719
124,
18,939,
18,684,
17,622,
29,161,
52,400,
38,497,
21,547,
26,778,
42,792,
4,480,
7,494,
36,203,
21,862,
33,871,
$14,876,374
6,226,661
23,940,265
20,488,661
11,552,881
26,940,121
11,449,
3,233,
7,035,709
3,074,
4,104,
16,831,
45,070,
29,837,
28,225,
26,018,
58,292,
72,103,
677,
52,159,
54,637,
6,172,819
'i'904,'990
26,964,474
139,067,146
421
DIRECTOR OF THE MINT.
Value of silver coin and bullion imported into and exported from Great Britain and Ireland since 1858.
Imports.
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 . .
1886
1886
1887
1888
1889
1890
1891
1892
1893
1894
1896
1896
1897
1898
1899
-
.
.
•
•
-
Total
:...
Exports.
$32,606,861
71,890,166
50,680,026
32,036,695
57,194,865
52,987,080
52,691,177
33,951,823
52,448,694
39,033,651
37,661,948
32,752,416
51,823,066
80,403,841
54,205,861
63,206,423
59,849,039
49,268,227
66,078,646
105,655,676
56,215,694
52,494,269
33,087,441
33,585,673
44,980,695
46,076,032
46,881,403
45,908,639
36,360,731
37,863,295
30,240,139
44,700,749
50,541,810
63,663,246
60,222,938
72,912,463
66,431,903
60,428,333
76,043,209
94,711,400
77,006,065
66,965,858
Years.
$34,366,426
85,687,697
48,145,209
46,588,348
64,793,691
54,702,726
47,947,488
32,114,968
43,296,070
31,318,297
36,555,717
38,463,984
43,341,871
63,568,150
51,521,368
• 47,828,278
59,429,489
43,699,934
63,013,067
94,588,861
57,025,837
53,561,156
34,360,804
34,084,878
43,630,382
45,369,630
48,698,733
47,946,155
35,164,131
37,994,732
37,060,480
51,907,607
52,866,668
64,993,889
68,495,988
68,219,872
60,979,318
52,209,705
74,182,191
91,816,411
76,984,253
68,368,714
2,272,627,046
2,236,782,161
Excess of
Excess of
imports over exports over
exports.
imports.
$2,434,817
4,743,689
1,836,856
9,153,624
7,715,354
996,231
8,48i,i95
16,836,691
2,684,483
15,378,145
419,650
5,668,293
3,065,579
11,066,815
1,350,313
706,402
1,206,600
4,692,591
4,452,585
8,218,628
1,861,018
2,894,989
21,802
$1,760,564
13,797,531
14,651,653
7,598,826
1,715,645
6,711,568
810,243
1,066 887
1,273,363
499,205
. 1,717 330
2,037,516
141,437
' 6,820,341
7,206,858
2,324,848
1,330,643
8,273,050
1,402,856
115,785,249
80,0*40,364
NOTE.—The imports and exports of gold and silver were not registered at the custom-house before
1858.
422
REPORT
ON T H E
FINANCES.
i:isrx)i^.
Value of gold coin and bullion imported into and exported from India since 1835.
Years.
1835-36
1836-37 . .
1837-38
1838-39 . .
1839-40
1840-41 •
1841-42..
.
1842-43
1843-44 . .
1844-45
1845-46 . .
1846-47
1847-48..
1848-49
1849-50
1850-51
1851-52
1852-53
1853-54
1854-55
1855-56
1856-57
1857-58
1858-59 . .
1859-60
1860-61 ..."
1861-62
1862-63
1863-64
•_
1864-65
1865-66
1866-67
1867-68
1868-69
;
1869-70
1870-71
1871-72
1872-73 . .
1873-74
1874-75
1875-76
1876-77
1877-78
1878-79
1879-80
1880-81
1881-82
1882-83
1883-84
1884-85
1885-86
1886-87 .
1887-88
1888-89
1889-90
1890-91.
1891-92
1892-93 . .
1893-94
1894-95
1895-96 . :
1896-97 .
1897-98
1898-99
.
1899-1900
Imports.
•
"
.
.
.
.
.
....
....
. . . .
.
. . .
. . .
...
..
.. •
Total
.
..
$1,622,486
2,052,174
2,251,184
1,297,073
1,125,247
671,012
809,591
1,033,844
1,980,850
3,501,218
2,686,142
4,150,341
5,103,878
6,821,607
5,642,940
5,622,316
6,515,163
6,526,532
5,249,532
4,295,762
12,206,900
10,589,514
13,772,604
21,594,310
20,867,732
20,645,839
25,257,767
33,489,045
43,434,417
48,055,743
31,013,698
22,295,723
23,242,144
25,193,763
27,692,321
13,541,486
17,391,790
12,761,768
8,023,918
10,167,256
8,936,648
7,025,824
7,683,847
7,119,933
9,978,237
17,870,070
23,633,631
24,796,464
26,617,111
23,252,973
16,044,974
13,789,410
15,748,251
15,179,040
24,678,152
30,794,441
19,511,366
8,440,334
10,207,343
5,697,372
16,314,949
14,569,385
23,620,284
28,655,136
37,143,707
946,604,412
Exports.
E x c e s s of
E x c e s s of
imports over exports over
imports.
exports.
$16,940
$1,605,546
2,042,587
9,587
2,096,829
154,355
37,015
1,260,058
1,102,959
22,288
2,783
668,229
3,587
806,004
6,229
1,027,615
2,506
1,978,344
3,455,702
45,516
2,649,692
36,450
28,664
4,121,677
47,020
5,056,858
257,097
6,564,510
5,435,846
207,094
5,612,505
9,811
6,168,839
346,324
5,705,003
821,629
5,165,512
84,020
3,558,823
736,939
12,196,641
10,259
10,176,893
412,621
13,543,826
228,779
21,541,333
52,977
20,849,224
18,508
20,597,797
48,042
25,228,534
29,233
33,326,455
162,590
43,302,505
131,912
170,669 . 47,885,084
27,858,173
3,156,525
18,698,580
3,697,143
22,432,082
810,062
25,107,995
85,768
27,114,038
578,283
11,106,032
2,435,454
17,350,747
41,043
12,377,272
384,496
6,728,607
1,295,311
9,117,547
1,049,709
7,519,290
1,417,358
1,009,069
•6,016,755
2,278,149
5,406,698
11,481,159
8,518,839
1,469,398
17,788,026
82,044
23,573,148
60,383
23,996,074
799,390
26,583,280
33,831
22,735,976
516,997
13,445,822
1,599,162
10,594,587
3,194,823
14,562,908
1,185,343
13,694,009
1,485,031
22,460,372
2,217,780
26,698,547
4,095,894
11,434,132
8,077,234
21,764,013
2,086,202
8,127,141
21,833,333
. 8,120,760
7,137,257
8,194,189
7,697,146
7,432,128
7,680,080
15,923,138
6,615,256
21,075,056
30,628,451
824,847,894
155,477,384
- $^1,361,226
13,323,679
16,135,961
33,820,866
NOTE.—Rupee calculated at coining rate, $0.4737,1835-36 to 1892-93. Rupee calculated at 16 pence =
$0.32443328 (India, act of June 26,1893) from 1893-94. The Indian coinage act, September 15,1899,
made the sovereign equal to 15 rupees. Rupee = $0.3244}.
423
DIRECTOR OF THE MINT.
Value ofsilver coin and bullion imported into and exported from India since 1835.
Years.
1836-36 . .
1836-37
1837-38
1838-39.....
1839-40
1840-41.
1841-42
1842-43
1843-44 . .
1844-45
1845-46 .
1846-47
1847-48...
1848-49
1849-50 .
1850-61
1851-52
1852-63
1853-54
1854-55 .
1866-56
1856-57
1857-58..
1868-69 . .
1859-60
1860-61.
1861-62..
1862-63.
1863-64
1864-65.
1866-66
1866-67 .
1867-68
1868-69.
1869-70
1870-71.
1871-72
1872-73.
1873-74
1874-75.
1875-76
1876-77
1877-78
1878-79.
1879-80
1880-81.
1881-82
1882-83.
1883-84
1884-85.
1885-86
1886-87
1887-88
1888-89
1889-90
1890-91
1891-92
1892 93 .
1893 94
1894-95
1895 96
1896-97
1987 98
1898-99
1899-1900
Imports.
'
...
.
.•
:...
. .
.
..
. ..
.
•Total
.. ..
-.
Exports.
$8,923,570
8,014,347
10,779,395
13,871,374
9,426,517
8,309,466
8,166,405
15,743,181
23,085,410
15,456,238
9,252,954
10,166,785
4,487,813
13,619,623
10,880,481
12,927,847
18,070,677
26,718,190
18,349,834
5,572,809
42,790,127
69,554,743
• 63,193,118
40,779,771
• 58,733,428
31,313,981
47,604,340
66,317,742
68,312,034
55,907,812
98,227,383
42,121,604
34,062,580
48,562,804
40,218,703
12,955,596
38,932,000
9,310,588'
20,165,316
29,451,085
16,859,016
48,628,015
76,776,337
27^221,736
46,742,742
26,871,073
31,468,682
40,674,314
36,063,494
44,288,435
60,277,734
40,001,467
51,535,276
52,197,456
60,288,509
73,109,219
50,229,883
72,136,136
49,680,971
26,384,063
27,050,795
27,876,938
42,981,037
29,376,232
30,901,915
$1,079,278
1,498,677
1,207,261
998,849
1,394,500
1,488,239
1,921,576
1,375,107
5,101,542
5,778,906
5,006,981
3,449,536
6.892.794
12,091,909
4,682,473
2,624,372
4,126,417
4,287,840
7,128,931
5,428,761
2,912,201
5,666,786
3,729,608
3.169.795
. 4,483,813
5,385,269
§,285,374
5,242,194
6,036,407
6,859,332
7,376,164
8,236,064
6,839,866
6,706,037
4,594,463
8,371,840
7,142,562
5,932,750
8,019,506
6,859,818
929,015
13,594,568
5,354,123
7,898,329
8,444,351
6,927,463
5,291,345
4,271,789
4,882,559
9,072,616
3,794,079
5,177,956
6,623,306
7,198,493
7,059,335
5,961,600
7,491,797
11,200,409
5,173,881
4,852,044
5,698,067
8,879,980
15,493,065
16,462,569
9,297,916
2,247,837,945
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$7,844,292
6,515,670
9,572,134
12,872,525
8,032,017
6,821,227
6,244,829
14,368,074
17,983,868
9,677,333
4,246,973
6,707,249
$2,404,981
1,527,614
6,198,008
10,303,475
13,944,260
22,430,350
11,220,903
144,048
39,877,926
53,887,957
59,463,510
37,609,976
64,249,615
25,928,712
44,218,966
61,075,548
62,275,627
49,048,480
90,851,229
33,885,440
27,222,714
41,856,767
35,624,240
4,583,756
31,789,438
3,377,838
12,145,811
22,591,267
15,930,001
35,033,447
71,422,214
19,323,407
38,298,391
18,943,610
26,177,337
36,402,526
31,170,935
36,215,819
56,483,655
34,823,511
44,911,970
44,998,963
53,229,174
67,147,619
42,738,086
60,934,726
44,507,090
20,632,019
21,362,728
18,996,968
27,487,972
12,913,663
21,603,999
381,444,441 1,868,798,485
.
2,404,981
NOTE.—Rupee calculated atcoining rate, $0.4737, 1835-36 to 1892-93. Rupee calculated at 16 pence =
$0.32443328 (India, act of June 26, 1893) from 1893-94. The Indian coinage act, September 15, 1899,
made sovereign equal to 15 rupees. Rupee = $0.3244}.
424
REPORT ON THE FINANCES.
Value of gold coin and bullion imported into and exported from France since 1815.
Imports.
Years.
1815-1821 a
.
1822-1836 a
1837-1852 a
1853
1854
1855
1856
1857.
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
1885
1886
1887
1888
1889 ...'
1890
1891
1892
1893
1894
..:
1895
1896
1897
1898
1899
:
.
..
:
•
:...
^
..
Total
Exports.
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$424,214,000
1,146,420,000
1,587,232,000
61,525,891
92,774,135
73,515,630
89,745,193
109,767,556
106,837,862
140,274,330
90,802,254
47,099,141
77,652,611
71,358,469
89,551,228
80,944,200
156,967,479
114,570,976
95,234,885
87,737,028
59,896,006
27,765,366
27,379,173
33,889,642
99,789,685
117,346,702
115,473,251
103,196,521
70,324,668
37,443,737
37,606,278
45,059,710
54,703,341
12,462,010
24,698,043
47,018,563
50,364,659
17,982,216
19,614,968
65,161,124
22,528,197
69,462,638
74,379,010
58,890,873
88,638,654
48,872,298
58,249,195
56,745,469
• 38,470,692
61,527,238
$522,837,000
1,186,960,000
1,198,144,000
5,737,504
12,462,689
31,394,731
17,321,364
23,713,910
12,826,687
36,181,131
30,644,347
51,679,803
45,700,277
69,047,101
65,398,822
51,835,168
67,173,843
35,696,894
54,162,326
34,790,666
36,781,168
69,031,468
37,587,522
54,856,969
16,658,435
26,674,749
18,268,415
19,099,473
24,698,596
69,774,711
78,737,824
43,054,440
37,068,545
26,028,752
15,806,983
38,816,482
38,233,403
49,809,821
37,135,702
24,974,151
48,163,115
45,430,120
20,837,982
22,556,169
20,767,201
47,166,473
60,003,829
25,448,764
60,381,777
31,071,587
6,388,743,575
4,698,401,589 2,092,286,664
a For the periods.
$98,623,000
40,530,000
$389,088,000
55,788,387
80,311,546
42,120,899
72,423,829
86,043,646
94,011,265
104,093,199
60,157,907
4,580,662
31,862,334
2,311,368
24,152,406
29,109,032
89,793,636
78,874,082
41,082,559
52,946,462
23,114,838
41,266,102
10,208,349
20,967,327
83,231,250
90,771,953
97,204,836
84,097,048
46,625,972
32,330,974
41,132,546
2,006,270
17,634,796
13,566,742
8,791,060
8,202,071
12,121,266
31,827,605
17,620,734
40,186,973.
25,624 918
24,032,618
53,641,028
36,334,704
67,771,353
l,706,-.825
1,754,634
31,296,705
21 911 085
30,455,651
401,944,678
425
DIEEOTOB, OF T H E MINT.
Value ofsilver coin and buUion imported into and exported from France since 1815.
Imports.
Years, 1815-182Ia
1822-1824 a
1825-1829a
1830-1836 a
1837-1852 a
1853
1854.. .
1856
1866
1857
1868.
1869
I860.
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
...
....
.
Total
$60,602,000
79,323,000
186,824,000
200,527,000
515,696,000
21,725,817
19,270,664
23,331,963
21,209,928
18,966,917
31,002,555
40,633,641
25,206,765
33,230,740
25,368,885
31,073,000
51,672,276
45,674,441
48,260,036
49,096,533
37,260,001
37,213,102
20,466,720
30,337,863
46,488,682
75,083,562
83,842,095
51,488,926
39,601,863
28,594,108
34,565,492
26,602,927
19,487,017
25,112,195
24,713,071
15,717,920
19,500,720
45,505,290
35,518,423
34,364,692
31,669,988
21,350,913
26,614,436
34,030,365
24,020,020
. 31,689,666
18,326,887
27,227,348
30,217,696
36,603,944
36,874,144
36,292,338
2,614,965,465
aFor the periods.
Exports,
$74,691,000
9,264,000
84,534,000
71,410,000
202,071,000
44,284,622
50,863,606
61,383,843
75,949,167
88,411,177
33,885,975
73,737,580
55,554,664
45,160,649
41,999,888
44,262,813
59,869,758
31,565,343
39,581,791
12,493,276
16,169,926
15,708,077
13,620,589
27,343,082
26,754,432
40,054,448
14,181,833
15,717,920
12,501,575
8,143,828
11,620,530
11,999,968
12,000,933
15,251,246
30,348,092
18,517,192
8,938,602
26,681,143
25,923,836
26,738,827
21,021,915
19,818,847
20,822,832
28,055,497
20,739,863
24,561,640
21,201,693
17,163,361
18,771,262
50,665,736
36,657,513
42,392,673
Excess of
Excess of
imports over exports over
imports.
exports.
$70,059,000
102,290,000
129,117,000
313,626,000
il,009,098
8,678,245
36,602,257
21,090,075
21,505,025
6,845,131
2,994,781
19,734,260
35,029,114
69,660,262
35,771,006
27,100,288
20,450,280
22,934,962
14,602,959
7,486,084
9,860,949
10,562,118
18,924,147
9,694,587
7,615,765
10,648,073
1,632,066
5,791,604
5,974,868
3,280,157
7,128,116
10,063,987
11,446,434
216,631
1,900,952,962 1,092,224,319
$14,089,000
22,558,805
31,592,942
38,051,880
54,739,239
69,445,260
2,883,420
33,103,939
30,347,899
11,929,909
16,631,003
13,189,813
8,197,482
5,635,021
2,799,272
2,874,806
14,061,791
6,100,335
378,221,816
426
REPORT ON THE FINANCES.
BELG-IXIM:.
Value.of gold coin and bullion imported into and exported from Belgium since 1852.
Imports,
Years.
1852-1855 a
1856-1860 a
1861-1865 a
1866-1870 a
1871-1875a
1876-1880a
1881.
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893.
1894
Exports.
;
:
Total
6$44,691,920
6182,089,520
6129,583,765
6 23,035,185
617,445,265
896,295
11,966
3,689,539
3,227,608
4,037,622
779,767
522,993
34,741
66,477
466,673
195,444
2,517
10,534
32,450
325,100
443,332,911
..."...•.
6$32,296,892
6 61,901,100
6 36,100,885
6 72,521,380
6192,260,550
8,022,250
260,740
3,169,602
476,808
1,302,424
2,950,557
2,095,316
764,845
1,167,699
13,-550,148
9,202,507
356,479
512,378
546,675
3,904,676
411,145,381
a For the periods,
Excess of
Excess of
imports over exports over
exports.
imports.
$49,486,195
174,805,285
7,125,955
238,774
2,170,790
1,672,323
730,104
1,091,222
13,083,475
9,007,063
353,962
501,844
514,225
3,579,576
264,260,793
$12,396,028
120,188,420
93,482,880
519,937
2,750,800
2,735,198
232,073,263
6 Gold and silver.
Value of silver coin and bullion imported into and exported from Belgium since 1852.
Imports.
Years.
1852-1855
1856-1860
1861-1866
1866-1870
1871-1875
1876-1880 a
1881
1882
1883 -.'
1884
1885
1886
:
1887
1888
1889
1890
1891
1892
1893
1894
:
:..
'.
Total
Exports.
Excess of
Excess of
imports over exports over
exports.
imports.
$30,651,950
4,426,007
5,897,347
16,860,216
7,116,601
579,886
2,595,119
267,046
1,757,497
10,391,231
10,595,251
297,911
^ 333,179
362,453
1,004,219
$3,763,675
3,386,085
433,119
3,516,753
1,890,570
62,731
168,891
175,512
760,231
1,510,060
1,179,518
13,823
25,379
50,419
3,864,205
$26,888,275
1,040,922
5,464,228
13,333,463
5,226,031
517,155
2,426,228
91,534
997,266
8,881,171
9,415,733
284,088
307,800
312,034
93,125,913
20,799,971
75,185,928
o For the period.
$2,859,986
2,859,986
427
DIRECTOR OF THE MINT.
Value of gold coin and bullion imported into and exported from Switzerland since 1878.
Imports.
Years.
1878
1879.
1880
1881
1882
1883
1884
1885a
1886
1887
1888
1889
1890
189]
1892
1893.
1894
1895 . .
1896
1897
1898
1899
.
Exports.
$1,861,375
2,991,496
2,858,641
2,127,286
2,792,063
4,985,827
2,526,162
5,553,786
2,623,493
2,949,615
2,877,819
• 6,594,679
6,118,561
2,653,554
4,648,749
4,802,720
9,275,749
7,742,375
3,727,475
9,210,170
8,315,572
8,896,545
105,833,492
.
•:
.
.
.
.
.
.
Total
$1,794,898
864,210
1,528,987
664,778
531,822
1,263,076
132,955
6,199,670
1,931,777
2,234,979
1,879,324
1,067,906
1,226,808
1,124,864
1,486,931
2,120,080
.4,059,069
4,030,768
5,093,332
4,484,135
4,228,718
6,125,000
54,073,077
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$66,477
2,127,286
1,329,564
1,462,508°
2,260,241
3,722,751
2,393,197
$645,884
591,716
714,636
998,495
5,526,673
4,891,743
1,428,700
• 3,062,818
2,682,640
5,216,680
3,711,607
1,365,857
4,726,035
4,086,854
2,771,545
53,772,166
2,Oil,741
a Gold and silver.
'/a,lue of silver coin and bullion imported into and exjjorted from Switzerland since 1878.
Imports'
Years.
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887..
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
Total
$2,985,037
3,040,792
5,240,970
4,880,707
4,696,286
3,898,561
2,993,616
•
.-
Exports.
$1,136,544
192,998
471,773
450,329
1,518,251
1,037,901c
802,014
E x c e s s of
E x c e s s ofi m p o r t s over e x p o r t s o v e r
exports.
imports.
$1,848,493
2,847,794
4,769,197
4,430,378
3,178,035
2,860,660
2,191,601
,
-
.
....
,
.".
...
5,342,358
6,187,818
6,500,132
8,877,855
8,522,390
10,570,093
7,340,632
8,076,938
6,312,702
10,835,343
9,787,265
14,523,709
16,657,880
23,114,229
170,385,312
3,427,045
1,915,313
3,589,979 • 2,597,839
3,528,862.
2,971,270
2,844,575
6,033,280
3,843,796
4,678,594
6,030,421
4,639,672
6,398,789
1,941,843
8,760,037
6,771,227
5,810,257
5,025,086
4,255,771
5,531,494
7,100,292
7,423,417
8,350,475
8,307,405
14,000,862
9,113,377
85,205,320
86,321,616
$683,099
458,525
1,141,624
428
REPORT ON THE FINANOES.
ITJk.L.Y.
Value of gold coin and bullion imported into and exported from Italy since 1862.
Imports.
Years.
1862a
1863 a
1864 a
1865a
1866 a
1867 a
1868 a
1869 a
18"0a...
18''la
1872a
1873 a
1874a
1875a.
1876a
1877 a . . .
1878..
1879
1880
1881
1882 . . . .
1883
1884
1885
1886 . . . .
1887
1888 . - . . '
1889
1890.. . .
1891
1892
1893
1894
1895
1896
1897
1898
.
.
Total
.
Exports.
$29,857
40,452
29,806
6,652
263,285
286,002
281,329
291,951
260,668
432,786
791,629
4,918,051
1,804,050
1,619,190
3 887,505
2 841,419
1 517,775
1,824,846
2,979,063
14,351,731
12,344,261
8 120,475
3,942,758
2,257,849
2,063,595
1,500,479
1,432,639
3,086,186
1,913,325
2,316,000
4,173,109
2,899,208
3,579,320
1,030,427
1,106,006
670,521
346,550
91,240,754
$202,065
77,666
36,624
143,484
905,363
1,496,472
284,426
30,309
188,088
2,097,918
953,115
• 340,794
1,403,096
2,198,594
1,612,785
3,709,674
3,945,680
6,411,120
3,063,200
3,957,098
222,934
1 616,124
2,271,243
19,558,196
1,798,760
4,705,466
4 372,936
3 516,090
3,817,212
3,184,500
6,710,037
14,954,167
4 578,867
3 262,472
2,748,610
1,655,062
2,407,868
'
114 437,094
E x c e s s of
E x c e s s of
imports over exports over
imports.
exports.
$172,208
37,214
6,819
136,832
642,078
1,210,470
3,097
$261,642
72,580
1,666,132
161,486
4,577,257
400,954
579,404
2 274,720
868,265
2,427,905
4,586,274
84,137
10,394,633
12 121,327
6 504,351.
1,671,515
17,300,346
264,835
3,204,977
2,940,297
428,904
1,903,887
868,500
2,536,928
12,054,959
999,547
2,232,045
1,642,604
984,631
2,061,318
38 543,814
61,740,154
a Gold and silver.
Value of silver coin and bullion imported into and exported from Italy since 1878.
Years.
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897.
1898
Imports.
1
Total
Exports.
$737,937
997,378
4,638,937
3,654,990
10,703,056
10 037,549
1,091,724
20,414,016
8,809,527
15,676,915
11 504,228
6 489,085
9,212,739
8,163,900
10,653,251
8,920,296
17,358,980
432,127
1,045,445
1,137,785
318,103
$5,067,962
375,020
2,498,174
1,442,156
985,155
1 919,564
3 713,730
16 822,841
8 845,808
16 622,411
10 194,453
7 111,124
9,047,222
8,916,600
12 233,135
6 901,927
4 433,107
1 655,940
1,717,291
3,816,249
2,754,443
151,997,968
127,074,312
NOTE.—From 1862 to 1878 silver was included with gold in the reports.
E x c e s s of
E x c e s s of
imports over exports over
imports.
exports.
$4,330,025
$622,358
2,140,763
2,212,834
9 717,901
8 117,985
2,622,006
3,591,175
'
36,281
945,496
1 309,775
622,039
165,517
752,700
1,579,884
2 018,369
12,925,873
1,223,813
671,846
2,678,464
2,436,340
42,822,650 '
17,898,894
DIRECTOR OF THE
429
MINT.
I>ORTTJG-^3L..
Value of gold coin and bullion imported into and exported from Portugal since 1869.
Years.
1869
1870
1871
1872
1873
^874
1875
1876
1877
1878
1879 a
1880
1881 a
1882
1883
1884
1886 a
1886
1887
1888
1889
1890
1891
1892
1893 .
1894
1895
1896
1897
1898
1899
Imports.
Exports.
$325,712
1,232,768
3,878,716
1,938,875
4,221,064
1,565,302
2,693,037
4,671,243
779,127
3,513,650
1,343,520
2,779,705
3,248,640
2,956,220
21,044,080
2,932,122
4,177,000
9,448,364
4,762,970
4,866,877
10,844
15,878,704
4,018,788
1,596,114
1,010,664
3,830
979,274
15,120,000
18,258
70,391
2,553
.
,
.
Total
$136,358
74,264
48,197
2,829
35,627
42,963
71,771
1,786,325
1,620,681
1,823,424
2,838,240
30,489
136,000
2,795,667
2,425,361
295,764
847,000
3,737
3,123
572,297
2,037
11,284,488
462,988
9,805,793
6,237,108
3,891
• 2,267,537
3,466,000
37,794
1,101,226
1,026,233
121,088,412
o
51,174,101
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$189,354
1,168,504
3,830,519
1,936,046
4,185,537
1,622,339
2,621,266
2,884,918
$741,554
1,690,226
1,494,720
2,749,216
3,113,640
160,563
18,618,729
2,636,368
3,330,000
9,444,627
4,759,847
4,294,580
8,807
4,594,216
3,555,800
8,209,679
5,226,444
61
1,288,263
11,664,000
19,536
1,030,834
1,023,680
88,949,082
19,034,771
a Gold and silver.
Value of silver coin and bullion imported into and exported from Portugal since 1869.
Years.
1869
IS^'O
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
.„
1 8 9 6 o . . . . . . „ '.
1897...oo.o
1898
1899
Total
Imports.
Exports.
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$7,747
2,984
33,026
346
24,632
62,387
47,537
173,774
63,818
362,572
$371,232
244,858
129,078
41,891
39,701
76,842
54,607
30,467
111,718
216,391
47,181
33,035
14,146
66,006
500,713
79,669
16,417
107,888
23,869
49,589
392,825
55,800
637,189
338,959
99,936
487
495,720
4,911,840
2,465,264
3,886
2,118
102,948
109
204,984
5,338,440
271,793
166,536
302
218,933
633,303
336,841
$363,485
241,874
96,052
41,545
15,069
. 14,455
7 070
$143,307
47,900
146,181
i
i
*
.-.
,
:
„..„
378
290,736
426,600.
2,193,471
166,536
4
298
255,199
1,537,920
175,094
1,579,349
967,441
a 1,651,148
458,176
287,245
1,121,174
680,196
14,937,088
..o.
3,or<
10,204,611
7,632,133
a Gold and silver not separated.
NOTE.—1879-1881 aud 1885, silver was included with gold in the reports.
36,266
1,637,920
1,476,054
2,899,656
430
REPORT ON THE FINANCES.
^TJSTR,I^-IIXJ]SrG^.i^R,Y.
Value of gold coin and bullion imported into and exported from Austria-Hungary since 1859.
Years.
1859
I860
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
Imports.
,.
:
•.
Total
...
. .
$13,368,460
6,933,771
6,646,000
7,500,011
10,498,022
5,677,013
4,252,111
6,284,458
8,491,594
7,672,142
13,313,267
16,115,885
26,986,083
15,666,646
12,380,169
4,699,387
1,998,452
10,285,350
8,671,036
.
6,760,976
10,464,823
10,562,488
9,412,066
8,411,178
6,420,701
4,745,244
3,833,413
3,156,850
3 329,646
10,559,829
9,958,366
18,973,001
17,149,500
30,107,622
68,933,160
22,292,000
27,645,892
24,711,754
42,637,823
10,663,773
8,585,992
546,726,953
Exports,
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$9,768,965
8,345,382
6,124,289
8,090,176
8,199,170
5,940,195
4,644,889
5,027,699
4,383,702 .2,662,388
3,946,395
7,217,566
9,710,471
5,930,225
2,108,III
296,412
1,609,661
2,845,817
. 2,758,755
1,860,880
1,452,816
1,616,617
998,220
1,995,129
968,322
1,384,362
1,935,980
451,263
1,497,344
4,633,237
3,468,547
1,733,941
4,072,418
1,163,446
6,291,269
18,951,806
11,617,791
13,672.619
20,412,091
24,984,689
14,245,490
238,808,525
$3,589,506
$1,411,611
521,711
590,165
2,298,852
2S3,182
392,778
1,256,759
4,107,892
5,009,754
9,366,872
8,898,329
17,275,612
9,726,421
10,272,058
4,402,975
388,791
7,439,533
5,912,281
4,900,096
9,002,007
9,045,871
8,413,845
6,416,049
5,452,379
.3,360,882
1,897,433
2,705,587
1,832,302
6,026,592
6,489,819
17,239,060
13,077,082
28,954,176
62,641,891
3,340,194
16,028,101
11,039,135
22,226,732
14,320,916
5,659,498
330,566,578
22,638,150
431
rHKBCTOR OF THB MINT.
Value ofsilver coin and bidlion imported into and exp)oried from Austria-Hungary since
1859.
Imports.
Years.
1859
I860-....
1861
1862
:
1863
1864
.
1866
1866
1867
1868
1869
1870
1871
1872
1873 . . . .
1874
1875.
1876
1877
1878
1879
1880
I88I
1882
1883
1884
1885 .
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
.
. .
.
'.
Total
-.
Exports.
$17,324,743
9,300,506
7,386,002
4,576,629
5,128,338
3,229,170
6,416,116
7,067,029
4,544,544
8,599,096
6,814,801
4,621,514
4,225,114
3,148,004
8,224,807
5,130.042
4,960,710
6,922,317
5,619,826
18,478,632
20,774,473
3,615,928
7,905,793
1,562,781
3,186,613
882,859
1,611,073
1,354,690
1,348,456
1,624,265
2,040,721
1,329,588
1,852,808
3,699,472
3,699,668
4,729,927
1,396,736
3,032,310
2,205.065
. 434,100
686,683
• $22,440,114
16,127,316
7,573,146
. 6,358,763
3,697,136
6,193,978
3,637,996
18,568,343
5,856,469
5,659,682
2,782,691
6.210,934
11,361.133
20,579,681
10,153,939
7,379,934
5,693,304
12,946,813
4,780,771
6,524,303
2,687,560
8,231,457
651,495
23,157,024
96,627
2,737,890
1,870,907
12,842
467,924
404,379
55,940
44,511
974,604
1,738,086
1,865,102
3,073,.648
1,097,257
3,470,300
2,252, 442
541,351
1,738,235
210,580,838
240,796,087
NOTE.—The above is at United States silver-dollar coining rate.
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$5,116,371
6,826,811
187,144
1,782,134
$1,431,202
2,964,808
2,778,120
11,601,314
1,311,925
2,939,414
4,032,110
1,589,420
7,136,019
17,431,677
1,929,132
2,249,892
742,694
6,024,496
839,055
12,954,169
18,086,913
. 4,616,529
7,254,298
21,594,243
3,089,986
1,855,031
' 259,834
1,341,848
880,532
1,119,876
1,984,781
1,285,077
878,204
1,961,386
1,834,566
1,656,279
298,479
437,990
147,377
107,251
1,051,652
66,646,296
. 96,861,644
432
REPORT ON THE FINANCES.
Value of gold coin and bullion imported into arid exported from Germany since 1872.
Imports.
.Exports.
$8,396,640
84.252.000
4,176,900
3,665,200
20,991,600
17,374,000
40,126,800
20,658,400
4,962,300
3,350,564
6,816,558
4,963,252
4,384,912
10,127,138
.11,152,204
13,193,064
31,943,646
17,375,404
26,471,145
56,647,846
45,612,162
36,551,259
74,130,690
23,193,328
52,421,909
•36,822,654
77,637,405
64,563,395
Total-
$24,247,440
12,598,530
8,353,800
6,664,000
5,331,200
11,067,000
333,200
1,332,800
7,064.554
10,863,610
9,335,788
10,027,416
7,873,754
5,837,664
5,522,790
3,993,878
23,868,544
13,678,146
10,816,886
31,689,457
38,897,709
24,175,031
12,689,947
19,674,609
47,000,480
28,239,437
52^780,811
32,307,398
800,962,365
1872.
1873.
1874.
1875.
1876.
1877.
1878.
1879.
188018811882.
1883.
1884.
1885.
1886.
1887.
1888.
1889.
. 1890 .
• 1891.
1892.
1893.
1894.
18951896.
189718981899.
466,165,779
Excess of
imports over
exports.
$15,850,800
$71,653,470
4,176,900
2,998,800
16,660,400
6,307,000
39,793,600
19,326,600
2,102,254
7,512,946
2,519,230
5,064,164
3,488,842
4,289,474
5,629,414
9,199,176
8,076,102
3,697,258
15,654,259
24,958,389
6,714,463
11,376,228
61,440 743
3 618 719
5,421,429
8,583,217
24,856,594
32,255,997
378,510,522
43,713,936
Value of silver coin and bullion imported into and exported from Germany since 1872.
Years.
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
-
Total
Excess of
Excess of
imports over exports over
exports.
imports.
Imports.
Exports.
$40,698,000
35,057,400
12,052,320
7,216,160
5,483,620
7,106.680
9,520,000
7,794,500
4,366,348
3,142,790
1,551,284
1,602,018
1,356,838
710,906
2,310,980
2,060,842
2,603,958
2,264,669
3,141,743
4,056,672
3,904,687
2,464,328
4,251,407
2,389,088
3,163,429
3,177,552
2,657,135
2,310,816
$17,157,420
31,915,800
17,080,308
9,253,440
8,409,492
4,678,128
6,645,912
9,567,600
5,017,992
4,165,714
3,418,156
4,917,556
7,468,202
4,618,866
10,141,894
9,063,278
11,056,290
13,934,329
13,442,240
13,166,707
3,029,225
11,894,183
8,450,860
5,647,817
7,260,925
7,670,089
7,446,693
5,920,626
$23,540,580
3,141,600
178,306,069
262,338,732
32,860,282
2,428,552
2,874,088
875,462
$5,027,988
2,037,280
2,925,972
1,773,100
651,644
1,022,924
" 1,866,872
3,415,538
6,111,364
3,907,960
7,830,914
7,002,436
8,452,332
11.679,660
10,300,497
9,110,035
9,*429'855
4,199,443
3,158,729
4,097,496
4,492,637
4,788,568
3,609,811
116,892,945
433
DIRECTOR OF THE MINT.
ISnCTHElR-LH^IlSrJDS.
Value of gold coin and bullion imported into and exported from the Netherlands since 1851.
Years.
1861-1855a...
1856-1860 a
1861-1865 a
1866-1870 a
1871-1875 a
1876-18b0 a . . .
1881
1882
1883
1884
1885 .
1886....
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
.
Imports,
Exports,
Excess of
Excess of
imports over exports over
imports.
exports.
. .
.
:
Total
6$20,375,265
26,990,020
636>969,725
6 26,139.410
618.602,135
4,638,920
3,183,004
1,852.411
308,645
806,809
421,963
770,212
603
5,553,436
822,894
228,168
891,636
97,464
943,333
263.713
305,124
84,098
33,338
427.908
2,911.336
$2,279,985
7,479,470
293,120,262
.
6$22,665,250
6 34,469,490
6 26,803,655
6 42,527,210
6 50,747,605
22,539,255
2,668,641
4,014,018
11,393,703
5,668,021
6,595,534
11,212,074
1,248,992
3,766,457
988,856
2,623,952
3,707,284
852,156
7,044,646
3,268,790
1,385,000
1,956,696
8,568.577
12,645.380
3,789,213
163,520,559
152,067,104
a For the periods.
16,387.805
32,145,370
18.000.335
2,161,607
11,085,058
4,852,212
6,173,571
10,441,8o2
1,248,389
165.961
2,395,794
2,815,648
754,691
6,101,213
2,995,077
1,079,876
1,872,697
8,635,239
12,217,472
877,877
$10,166,070
514,363
1,786,978
12,467,411
6 Gold and silver.
Value of silver coin and bullion imported into and exported from the Netherlands since 1851.
Years.
1851-1855
1856-1860
181)1-1865
1866-1870
1871-1875
1876-1880 a
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1896
1896
1897
1898
1899 . . . . •
Imports.
Excess of
Excess of
imports over exports over
imports.
exports.
......-.-.
•- - -
-
$13,273,625
976,851
1,061.238
926,065706.709
960.119
572,811
309,492
387,338
264,797
561,823
4,802,292
5,265,793
951.392
2.466,758
1,128,354
639,381
1,058.263
502,864
379,277
$8,520,980
19,507
26.746
111,266
425,125
286.444
11,619
47,430
1,631.316
6,668,657
3,083,943
625,512
2,241,763
318,143
630,403
22,310
247,981
3,922
640,320
3,305,086
$4,752,645
957,344
1,034,493
814,809
281,684
663,675
561,192
262,062
37,165,242
-.
Total
28,868,462
21,540,013.
a For the period.
FI 1900-
Exports.
-28
4,176,780
3,014.040
633,249
1,836,355
1,106,044
391,400
1,064,341
$1,243,978
6,403,860
2,632,120
137,466
2,925,809
13,243,223
434
REPORT ON THE FINANOES.
Value of gold and silver coin and bullion imported into and exported from Spain since 1871.
Imports.
Years.
Exports.
•
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
. -
- -
.
-
.
-
•
.
Total
$20,765,642
20,538,288
20,342,972
12,228,866
17,800.197
2,318,123
9,505,250
7,604,226
6,677,247
17,241,848
2,021.289
, 7,896,981
9,502,355
8,718,196
5,243,810
12,131,787
3,861,158
546,383
2,611,869
8,359.988
22,661,095
8,948,997
5,026,068
4,866,595
4,680.687
19,659,369
26,984,769
13,730,792
14,808,815
$1,648,799
482,886
1,229,796
1,245,236
832,988
820,636
402,019
441,198
590.773
2,468,048
1,262,570
1,370,879
1,399,057
458,375
1,888,119
509,327
886,642
820,250
2,555,706
1,027,918
4,028,875
8,380,253
2,528,135
690,223
8,142,978
23,892,671
32,931,362
4,121,534
4,038,695
$19,116,843
20,055,402
19,113.176
10,983,630
16,967,209
1,497,487
9,103,231
7,063,028
6,986,474
14,783.800
768.719
6,526,102
8,103,298
8,259,821
3,355,691
11,622.460
2,974,516
317,083,662
:
.
Excess of
Excess of
imports over exports over
exports.
imports.
111,075,948
219,923,767
56,163
7,332,070
18,632,220
668,744
2,497,933
4,176,372
9,609,258
10,770,120
•
$273,867
3,462,291
4,233.302
5,946,593
13,916,053
Value of gold and silver coin and bullion imported into and exported from Norway, Sweden,
and Denmarlc since 1871.
Years.
1871a
1872 a
1873a
1874 a
1875
1876
1877
1878
1879
1880
1881
1882 1883
1884
1885
1886
1887 6
18886
1889
1890
1891.
1892
1893
1894
1895
1896
1897
1898
1899
:
-
Total
•
Imports.
Exports.
Excess of
Excess of
imports over exports over
exports.
imports.
$2,896,008
3,461,220
7,014,364
3,424,772
5,966.484
10,659.432
6,223,496
6,982,472
9,207,944
7,203,572
4,036.884
3,152,484
4,043,852
2,927,096
2,379,481
2,519,987
4,969,684
1,656.660
2,911,368
1,374,770
1,966,988
1,672,238
667,388
3,073,306
3,329,967
780,620
2,966.106
5,099,397
1,501,962
$558,780
30,284
4,843,832
2,234,584
3.348,928
10,956,644
4,402.007
3,091,916
5,361,876
2,399,940
3,252,448
2,179,108
1.836.068
1,079,236
1,813,154
322,813
2,387,880
705,486
1,353,802
746,136
933,893
389,821
953,819
781,238
654,459
1,407,293
92,743
627,724
1,365,933
$2,337,228
3,430,936
2,170,532
1,190,188
2,617,556
114,039,981
60,111,845
55,148,452
aExclusive of imports and exports of Denmark.
6 Exclusive of imports and exports of Norway.
1,821,489
3,890,556
3.846.068
4,803.632
784,436
973,376
2.207,784
1,847,860
566,327
2,197,174
2,571,804
951,164
1,557,566
628.634
1,033,095
1,282,417
2,292,067
2,675,508
2,863,363
4,471,673
136,019
$297,212
296.431
626 673
. 1,220,316
435
DIRECTOR OF THE MINT.
RUSSIA.
Value of gold coin and bullion imported into and exported from Eussia since 1871.
Years.
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881...
1882
1883. . . .
1884
1885
1886.
1887
-. 1 8 8 8 - . .1889
1890
1891
1892
1893
1894
1895
1896.
1897
1898
1899
Imports,
..-
.
- -.
,
$4,897,071
6,260,070
1,929,500
5,056,834
1,328,268
1.148,438
7,257,235
7,910,178
5,702,058
5.438,103
4.145,338
3,464.610
2,326,205
1,861,582
1,921,010
1,853,092
1,691,014
16,213,203
2,074.598
12,195.212
55.818,120
89,497,064
10,225.426
84,627,216
19,486,233
69,720,678
71,871,436
52,164,937
25,532,051
$13,013,320
4.992,774
11,043,686
13,162,277
21,283,157
78,603,971
10,490,306
5,262,871
4,493,420
19,971,097
51,652,716
52,957,057
14,827,822
3,884,469
4,118,325
11,031,337
14.579.302
27,013,772
13.468.682
13,054,997
476,429
196.956
134,454
29,085,329
185,070
180,715
3,084,139
186,070
27,771,673
573,506,770
---..
.
.
Total
Exports.
450,193,192
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$8,116,249
$1,267,296
'9 114 186
8,105,443
19 954 889
77,455,533
3,233,071
2,657,307
1,208,638
14,632,994
47,507,377
49.492,447
12 501 617
2,022,887
2,197,315
9,178,245
12,888,288
10 800 569
11,394,084
869,785
56,342.691
89,301.098
10,090,972
56,441,887
19,301,163
69,639,963
68,787,297
51,969,867
2,239,622
424,908,179
301,594,601
Value of silver coin and bullion imported into and exported from Eussia since 1871.
Years.
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
Imports.
- - ,
.
Total
Exports.
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$830,457
3,803,430
13,932,534
7,778,200
3,642,896
3,038,577
1,193,975
4,842,273
5,697,428
4,124,499
3,530,986,
4,078,963
2,732,944
2,654,220
3,323,371
3,669,137
3,143,541
1,471,051
6,641,777
5.693,569
8,145,577
9,019,503
17.570,074
19.076,853
21,536,271
41.498,492
76,669,089
15,336,033
16,396,290
$628,245
969,381
273,989
341,136
354,256
1,087,466
4,367,616
5,672,730
3,369,679
2,240,536
1,592,223
9,110,327
2,115,504
1,779,771
2,479,793
1,880.877
2,235,133
3.127.334
2,333,151
3,101,864
4.131.445
4,157,443
6,190,134
5,844,742
1,762,512
2,708,233
7,333,495
2,262,788
1,038,307
$202,212
2,834,049
13,658,646
7,437,064
3.288,640
1,961,111
310,962,009
84,490,109
237,163,646
.
$3,173,641
830,467
2,327,749
1,883,964
1,938,762
6,031,364
.
617,440
874,449
843,578
1,788,260
908,408
I,656.283
4,208,626
2,591,705
4,014,132
4,862,060
11.379,940
13,232,111
19,773,759
38,790.259
69,325,594
13,073,245
15,357,983
10,691,745
436
REPORT ON THE FINANCES.
Value of gold coin and bullion imported into and exported from Japan since 1872.
Imports.
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
$129,961
2,013,907
2,700
26,516
621,464
162,280
242
913,392
137,934
468,530
530,132
564,212
326,600
608,919
1,166,237
1,259.527
1,203,253
749,923
360,243
283,144
395,493
496,730
655,966
1,029,912
10,217,468
32,156,796
18,456,372
10,009,163
,
.,
,
Total
84,846,995
Exports.
$2,684,
2,614,
8,126,
10,603,
5,872,
6,221,
4,601,
5,694,
7,030,
2,699,
1.489,
1,211,
1,708,
599,
377,
111,
450,
268,
1,687,
230,
8,544,
2,302,
3,547,
2,791,
1,996,
4,431
23,068,
4,370,
115,337,810
Excess of
Excess of
imports over exports over
exports.
imports.
$2,564,835
600.148
8,123,590
10,576,830
5,250.892
6,059,496
4,600.841
4,781,422
6,892,545
2,231,411
959,851
647,271
1,381.784
$9,380
788,088
1,147,663
752,968
481,913
1,327,362
52,698
8,149.030
1,805,948
2,991,172
1,762,040
8,220,883
27,724,897
4,612,425
"5*,"638",'698
44,817,078
76,308,893
Value of silver coin and bullion imported into and exported from Japan since 1872.
Years.
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
Imports.
.
.
:
;
.
.
Total
Exports.
$3,696,570
1,066,635
1,069,041
271,806
7,545,776
2,011,217
2,188,858
2,414,046
8,670,515
1,902,506
6,516,345
6,016,878
5,930,581
8,031,836
9,382,875
9,743,844
7,529,239
13,423,322
840,364
13,605,382
22,488,264
10,689,767
26,227,687
4,844,262
28 924,750
8 576,610
2 759,417
41,274
$2,976,127
2,508,862
5,688,911
4,060,626
4,803,344
3,219,494
2,727,569
8,029,229
7,334,822
5,243,660
3,184,162
2,146,995
3,581,418
3,763,809
9,323,906
10,949,251
7,383,159
4,920,619
12,090,926
1,222,518
1 185,230
9 986,510
30 831,973
24 509,747
9 602,307
6 147,733
20 289,853
1 199,200
211 407,646
207 911,860
E x c e s s of
E x c e s s of
imports over exports over
exports.
imports.
$719,443
$1,442,227
4,619 870
3,788,820
2,742,432
1,208,277
538,711
5,615,183
3,664,307
3,341,154
3,331,183
3,869,883
2,349,163
4,268,026
68,969
1,206,407
146,080
8,502,803
11,250,662
12,382,864
21,303,034
703,247
4,604,286
19,666,495
19 322,443
3 428,877
17,530,436
1,167,926
83,128,447
79,632,061
437
DIRECTOR OF THE MINT.
CHiisrA..
Value of gold coin and bullion imported into and exported from China since 1881.
Excess of
Excess of
imports over exports over
exports.
imports.
Imports.
1881
1882
1883
1884
1886
-
Total
^
Exports,
$32,812,230
32,197,337
34,653,579
7,349,653
63,599,002
$19,935,880
21,424,176
29,766,403
21,132,426
116,639,666
$12,876,360
10,773,161
4,897,176
170,611,801
Years.
207,788,641
28,546,6^^7
$13,782,773
51,940,654
65,723,427
Value of silver coin and bullion imported into and exported from China since 1881.
Excess of
Excess of
impqrts over exports over
exports.
imports.
Total
Exports.
$24,725,684
37,342,013
23,241,947
24,133,372
34,278,347
$8,394,162
14,467,666
7,231,820
10,380,781
177,617,912
1881
1882
1883
1884
1885
Imports.
$33,119,846
51,809,679
30,473,767
34,514,153
27,700,467
Years,
143,721,363
40,474,429
$6,677,880
6,577,880
NOTE.—The above is United States silver-dollar coining value.
M:EXICO.
Value of gold and silver coin and bullion imported into and exported from Mexico since
1879.
Years.
1879
1880. .: .
1881
1882
1883 '.
1884 .
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1896 .
1896
1897 . .
1898
Imports,
1,189,174
$21,835,872
22,388,576
19,567,144
17,337,024
30,103,064
34,008,568
34,314,384
30,384,496
34,097,976
31,502,096
39,405,560
41,847,008
20,912,328
49,250,763
51,769,745
47,320,215
56,781,076
44,919,693
77,877,391
73,810,335
1,189,174
780,622,487
779,433,313
NOTE.—The above is United States silver-dollar coining value.
Excess of
Excess of
imports over exports over
exports, • imports.
$21,835,872
22,388,576
19,667,144
17,337,024
30,103,064
34,008,668
34,314,384
30,384,496
34,097,976
31,502,096
39,406,660
41,847,008
20,912,328
49,250,763
51,769,745
47,320,216
56,781,075
44,919,693
77,877,391
74,999,509
-
Total
Exports.
438
REPORT ON T H E FINANOES.
H^E.OEN^TIDSr.A..
Value of gold and silver coin and bullion imported into and exported from Argentina since
1881.
Years.
1881
1882 .
1883
1884
1885
1886
1887
1888
1889 .
1890
1891.
1892
1893
1894 ..'
1895
1896
1897
1898
Imports,
Excess of
Excess of
imports over exports over
exports.
imports.
.
...
:
: . . .
.
.'
. .
$4,180,324
2,700,908
2,369,986
. 4,778,903
6,136,657
20,084,04fi
9,489,676
43,613,573
11,436,276
7,088,401
9,007,891
6,510,898
4,524,885
3,186,952
4,730,000
6,063,345
671,000
7,298,901
$3,007,497
2,238,590
4,774,037
4,389,583
8,219,519
8,136,788
9,611,338
8,501,776
27,670,919
, 775,529
1,659,476
1,974,477
1,910,700
264,067
119,000
2,179,000
4,949,000
1,572,772
$1,172,827
462,318
153,872,620
•
'.
Total
Exports.
91,954,068
87,039,772
389,320
11,947,258
35,111, 797
6,312,872
7,348,415
4,536,421
2,614,185
2,922,885
4,611,000
3,884,345
5,726,129
$2,404,051
.2,082,862
121,663
16,234,644
4,278,000
25,121,220
CIII3L.3E.
Value of gold and silver, coin and bidlion imported into and. exported from Chile since 1873.
Years,
1873
1874
1875.
1876
1877 .
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897 .1898
Imports,
--:
:
.
:
:
Total
Exports.
$1,547,547
126,529
345,522
330,922
321,189
180,060
53,531
43,799
116,796
29,199
. 345,521
58,398
156,728
311,456
87,597
199,527
452,586
199,527
116,796
162,336
314,000
272,624
11,217,505
95,000
41,000
6,320
$6,007,629
4,326,319
6,535,710
5,061,160
1,771,406
1,864,137
2,501,381
4,676,707
2,949,099
3,990,530
6,647,639
6,214,521
7,620,939
7,609,010
9,106,222
8,895,962
6,117,190
5,645,140
5,363,150
5,713,680
5,917,000
5,635,407
6,437,865
5,800,000
4,887,000
8,907,932
17,130,914
145,081,735
Excess of
Excess of
imports over exports over
exports.
imports.
$4,779,640
4,779,640
$3,460,082
4,199,790
6,190,188
4,730,238
1,450,217
1,674,077
2,447,860
4,632,908
2,832,303
3,961,331
6,302,118
6,156,123
7,465,211
7,197,554
9,017,625
8,696,435
5,664,605
5,445,613
5,236,354
5,551,344
5,603,000
5,362,883
5,706,000
4,846,000
8,901,612
132,730,461
439
DIRECTOR OF THE MINT.
Value of gold coin and bullion imported into and exported from. Ca2oe Colony since 1825.
Years.
1825-1865 a
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
Imports.
Exports.
$16,606,980
48,665
170,327
488,363
121,662
968,433
3,220,333
8,848,416
1,511,389
810,608
95,758
1,303,682
1,376,129
2,123,676
2,825,811
1,798,171
.
.
.
;
249,233
979,914
842,391
3,339,378
•
$5,196,147
57,872
93,252
57,989
196,448
140,505
262,143
303,830
486,087
1,211,680
880,705
659,747
127,721
372,029
1,274,774
716,436
1,290,737
.. .
20,563,659
1,893,818
871,970
228,680
2,616,569
12,686,544
9,132,849
12,115,726
20,927,641
26,915,276
35,838,390
40,654,318
38,944,434
66,288,232
81,606,323
73,068,702
. 105,469,517
434,962,870
:
.
.
.
. .
.
3,649,875
. . . .
.. -
-
.
Total
837
- -
--
1,143,628
27,349,779
3,990,630
487
a For the period.
Excess of
Excessof
imports over exports over
exports.
imports.
$11,410,833
$9,207
77,076
430,374
73,786
827,928
2,968,190
8,544,586
' 1,026,302
643,935
1,248,408
1,761,546
1,551,037
1,081,735
.
401,072
784,947
1,041,504
3,110,798
913,904
29,679
2,516,569
12,686,544
5,482,974
12,115,726
20,926,704
25,916,276
34,694,762
13,304,539
34,953,904
66 287 745
81,606,323
52,506,043
35,714,251
366,207,604
440
REPORT ON THE FINANCES.
Value of silver coin and bullion imported into and exported from Cape Colony since 1825.
Years.
1826-1865 a
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
Imports.
$1,367,389
Excess of
Excess of
imports over exports over
imports.
exports.
Exports,
$780,149
56,680
26,016
74,477
2,998
15,621
278,899
$587,240
9,387
9,991
8,331
6,395
23,554
. 12,531
49,940
18,186
30,182
23,130
7,504
10,376
501
638
3,100
109,594
17,734
91,860
89,329
2,433
239,485
202,285
127,176
82,794
156,691
297,830
51,098
20,488
228,725
529,047
386,463
806,184
297,479
476,722
450,930
35,263
768
429,164
452,122
344,383
243,082
66,440
159,529
164,607
232,916
184,664
143,381
740,744
137,950
312,215
218,014
6,862,686
3,504,538
4,461,663
487
52,072
837,524
164,716
:...
.
•
•
39,541
787,584
146,530
33,650
18,512
64,102
2,497
14,983
275,799
$9,387
9,991
7,844
6,395
23,654
30,182
•
. .
Total
•
a For the period.
262,567
50,330
112 956
124,743
408,676
223,397
957,125
441
DIRECTOR OF T H E MINT.
X X X V I . — C O I N A G E OF THE PRINCIPAL COUNTRIES OF THE WORLD, SO FAR AS
REPORTED, SINCE 1873.
ATJSTRAXi.A.SlHA..
Silver,
Gold,
Years.
Fine ounces.
1873
1874
1875
1876
1877 .
1878
1879.
1880
1881
1882
1883 . 1884
1885 1886
1887
1888
1889 .
1890
1891
1892
1893
1894
1896
1896
1897
1898
1899
544,402
799,947
944,022
879,753
733,795
822,311
977,687
1,071,671
962,945
904,707
962,843
I,073,737
1,049,488
1,089,627
1,166,914
1,181.087
1,418,622
1,243,363
1,276,570
1.489,189
1,550,871
1,702,976
1.629,996
1,673,910
1,803,898
1,908.558
2,270,069
-
..
Fine ounces.
Coining
value.
$11,253,781
16.536.367
19,614,666
18,186, 111
16.168,881
16,998,684
20,210,574
22,161,-334
19,699,115
18,701,959
19,903,722
22,196,106
21,694,857
22,524,595
24,122,267
24,415,230
29,326,629
26.702,600
26,389,044
30,784,262
32,059,354
35,203,648
33,696,008
34,602,786
37,289,873
39,453,387
46,926,487
33,122,868
.-
Total
Value.
684,710,226
.A.TJSTRI^-IIXJN"G-H^RY.
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
J898
1899
.
•
....:
;
.
..
...
....
Total
120,312
100,424
92,456
118,694
180,239
126,802
119,988
119,391
117,561
136,881
104,219
118,229
135,061
129,845
129,149
132,917
159,395
136,357
139,689
679,123
2,702,601
1,954,130
880.847
1,639,852
1,627,362
695,021
241,620
$2,487,073
2,075,949
1,911,237
2,453,622
3,725,861
2,600,563
2,480,372
2,468,029
2,429,998
2,829,590
2,154,390
2,444,004
2,791,958
2,684,139
2,669,750
2,747,633
3,294,987
2,818.750
2,886,561
14,038,714
55.867,730
40.396.456
18.208,728
33,898,739
33.640.663
14,367,363
4,992,663
12,836,955
266,363,412
4,158,616
3,704,421
5,340,848
7,078,041
6,215,416
10,755,621
24,857,273
6,476,428
6,983,113
2,415,305
4,294,273
3,857,737
3,207,956
3,391,085
4,297,524
4,266,428
3,502,326
2,983,240
2,595,961
4,110,874
14,284,357
8,308,445
7,004.395
6,113,954
4,426.864
1,069,108
2,456,480 ,
158,145,087
$5,376,797
4,789,554
6,905,339
9 161 407
8 036 093
13,906,258
32 138 697
8,373,563
9 028 671
3,122 819
5,652,191
4,987,781
4,147,659
4,384,433
5 556 395
5,516,190
4,528,259
8,857,118
3.356 394
5,315,069
18,468,664
10,742,232
9,056,188
7,904,911
5,722,330
1,369,352
3,176,066
204,470,420
442
REPORT ON T H E FINANOES.
COINAGE OF THE PRINCIPAL COUNTRIES OF THE WORLD, SO FAR AS REPORTED, SINCE
1873—Continued.
JBKLGMXJM:.
Silver.
Gold.
Years.
Value.
Fine ounces.
'
Fine ounces.
Coining
value.
150,640
42,360
921,768
583,632
74,637
74,637
97,530
.
$11,758,911
15,968,217
7,988,883
22,797,430
9,863,844
$21,559,025
2,316,000
2,876.608
2.084,289
712,930
451,403
568,837
771;979
386,462
1,102.826
477,163
16,674,558
1,791,281
2,224,877
1,612,067
116,511
32,763
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1886
1886
1887
1888
1889
1890 i
1891
1892
1898
1894
1895
1896
1897
1898
1899
96,566
. 23,765,664
30,727,322
a 14,983,946
a 8,920,649
a 18,431,546
a 9,598,861
a 23 604,087
a 60,901,672
a31,364,425
a 30,939,181
a 15,996,718
22,728,483
19,279,786
13,421,872
37,501,752
20,976,719
34,141,088
28,073,563
29,342.628
44,806,258
25,268,588
40,418,875
30,585,270
1,770,015
3,128,504
4,316,643
19.612,278
20,640,057
a5,586,040
a$19,373,181
a 11,533,639
a 23,830,686
a 12.410,636
a 30,618,416
a78,741,55e
a 40,651,984
a 40,002,173
a 20,682,625
29,386,322
24,927,400
17,353,631
48,487,114
27,121,414
44,142,013
36,297,132
37.937,814
57,931,323
32,670.498
52,258,748
39,544,591
2,288.504
4,044,935
5,679,692
25.227.996
26,686,134
a 7 221,063
616,237,193
798)751,119
2,016,117
.
.•
:
-.. .
Total
3,404,797
70,383,402
96,500
B R I T I S H : I]S-I>I^.
7,485
3,648
3.304
4,037
a$164,730
a 75,421
a 68,296
a 83,460
a 3,681
a 20
a 3,370
a 3,144
8,250
3,243
a 76,093
a414
a 69,670
a 64,992
170,543
67,044
5,175
106,987
206
5,236
6,337
4,249
108,216
110,328
5,680
117,411
61,815
1,277,854
a
a
a
a
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
:
-.
-
Total
a Fiscal year.
DIEEOTOB OF THE
443
MINT.
COINAGE OF THE PRINCIPAL COUNTRIES OF THE WORLD, SO FAR AS REPORTED, SINCE
1873—Continued.
S i h er.
Gold.
Years.
Fine ounces.
1873
1874
1875
1876
1877 . . . :
1878.
1879
1880 . .
1881
1882
1883 1884
1886.
1886
1887.
1888
1889
1890.
1891
1892 .
1893
1894
1895 . .
1896
1897
]898
Value.
Fine ounces.
Coining
v a l u e . .,
69,997
81,101
122.543
136,311
- 180,329
184,856
246,992
243,603
70,070
3
$90,501
104,858
158,440
176,240
233,152
239,006
319,343
314,961
90,595
4
7,700
9,026
15,220
15,806
1,140
300
103
1,861
• 2,166
324
1,877
.
- .
2.478.211
1,670,385
4,104,535
3,204,151
2,159,690
5,306,874
622,818
249,409
502,390
416,424
322,468
649,665
537,114
435,267
402.056
662,151
.
246,354
257,154
30,129
:
$159,173
186,569
314,622
. 326,722
23,668
6,203
2,136
38,270
44,771
6,701
38,804
11,917
12,440
:
562,770
519,830
856,114
12,256,633
15,845,666
23,084,995
8,955,811
11,195,508
7,860,936
2,457,680
271,889
$29,847,266
11,679,230
14,475,000
10,163,634
3,177,607
361,534
1,006,124
173,136
1,299,554
223,853
V
.
109,997
Total
.2,273,855
inR^NCE.
1873...-.
1874
,
1875.
1876
1877 . . . . . . .
1878
1879
1880
1881
1882
1883
1884
1886 .
•
1886
1887.
..
.
1888
:
1889
1890
°.
1891
1892
1893
1894
1895
1896
1897
1898
1899
:
•
227,058
2,193,227
1,647.806
2,382,467
1,730,199
265,813
20,232
34,937
-
$4,693,702
45,338,016
34,063,180
49,249.960
35,766,393
5,494,834
.
418,231
722,206
17,913
-
.- .
--.-..-
Total
2,702
215.546
230.311
5,174
163,179
192,355
162,659
42,145
475,626
91,786
1,008,393
1,050,699
2,066,882
1,655,587
504,024
55,854
4,455,733
4,760,960
106,949
3; 3731215
3,976;340
3,362^450
871j226
9,832,1068
1,897,396
20,845; 337
21,719,1880
42,726,1251
34,224,|022
10,419,|lll
16,368,807
338,373,312
23,160
23,044
1,330,113
860,366
55
29,795
1,719,742
1,112,379
71
597,094
1,194,187
772,000
1,544,000
6,568
5,970,937
4,030,382
8,492
7,720,000
5,211,000
69,035,728
89,268,317
444
REPORT ON T H E FINANCES.
COINAGE OF THE PRINCIPAL COUNTRIES OF THE WORLD, SO PAR AS REPORTED, SINCE
1873—Continued.
GMGRiyc.A.:isrY.
Silver,
Gold.
Years.
Fine ounces.
1873
1874.
1875 .
1876
1877
1878
1879.
1880
1881 . .
188'^ .
1883 . -.
1884.
1885
1886.
1887
1888.-.
1889
1890
1891
1892
1893 .
1894
1895
1896
1897.
1898
1899
-
Coining
value.
Fine ounces.
-
-
. . . .
-
<
-
-
Total
6.796,206
1,076.574
1,916,042
1,835,494
1,295,696
1,438,811
634,211
322,282
79,054
153,208
1,016,015
663,874
93,821
411,488
1,361,044
1,661,232
2,330,042
1,163,043
681,449
428,790
1,271,304
1,810,829
1,237.836
1,215,832
1,458,296
2,064.407
1,626,776
$140,490,041
22.264.766
39,608,103
37,943,031
26,784,401
29,742,879
11,043,120
6,662,153
1,634,189
3,167,085
21,002,897
13,723,494
1,939,443
8,506,210
28,135,270
34,340,722
48,166,245.
23,835,512
14,086,800
,8,863,874
26,280,188
37,433,154
25,588,334
25,133,476
30,145,666
42,675,087
33,628,463
432,638
8,528,638
13,822,259
. 25,468,144
5,577,094
1,208,467
$559,370
11,026,926
17,871.203
32,928,609
7,210,788
1,562,463
4,955,535
459.868
88,419
446,787
892,518
553,273
765,028
136,960
6,407, i57
594,564
114.319
577,664
1,163,963
715,343
989,127
177,079
881,140
957,410
1,619,356
825,989
1,412,326
2,102,488
1,139,252
1,237,864
2,093,713
1,067,945
1,826,038
2,718,368
2,865.276
3,361.594
3,704,600
4,346,302
36,933,666
- -:
.
Value.
742,814,673
77,361,197
100,022,657
$5,263,961
4,334,12<
2,890,70'
1,082,081
2,048.64!
2,990,10'
2,671,97
3,705.87J
4,862,52;
1,021,38
6,201,51
3.204.82
3.540,71
2,031,19
4,142,13
3.681,88
10,827,60'
8,332.23
5.141,59
S, 790,67
5,296.72
4,002,65
5,776.58
6,470,35
4,583.68
6,200,23
7,910,88
G-REA-T B R i T A i n s r .
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
-
796,785
344,077
57,268
1,105,671
231,054
501,967
8,261
976,993
$16,471,000
7,112.706
1,183,844
22,856,238
4,776,314
10,376.571
170,571
20,196,228
330,468
547,112
694,988
6,831,169
11,309,819
14,366,677
470,616
478,592
1,766,810
1,808,039
1,582,861
3,274,141
2,181,432
1,336,785
897,222
1,132,099
418,674
1,364,385
2,121,345
9,728,498
9,893,376
36,502.5B6
37,376,479
32,720,633
67,682,503
45,094,210
27,633,807
18,647,229
23,402,660
8,654,764
28,204,336
43,852,085
4,071,349
3,352,174
2,235,776
836.926
1,584,420
2,312,658
2,066,602
2,866,266
3,753.123
789,974
4,796.486
2,478.731
2.738,525
1,571,002
3.203,683
2,847,709
8,374,474
6,444,461
3,976,702
2,931,849
4,096,688
3,096,806
4,467,827
6,004,413
3,545,196
4,795.496
6,118,574
24,426,625
504,943,152
94,356,88b
. ..
Total
.
121,996,78
445
BIEBCTOB QF T H B MINT.
COINAGE OF THE PRINCIPAL COUNTRIES OP THE WORLD, SO FAR AS REPORTED, SINCE
1873—Continued.
ITH^LY.
Silver.
Gold,
Years,
F i n e ounces.
Fine ounces.
Value.
Coining
value.
•
6,310,375
8,956,406
7,463,672
5,373,844
•2,686,922
1,343,461
2,985,469
$8,158,869
11,680,000
9,660,000
6,948,000
3,474,000
1,737,000
3,860,000
1,236,221
853,607
1,046,723
1,641,198
178,533
1,388,811
4,836,469
1,598,346
1,103,654
I,352,046
2,121,953
230,831
1,795,634
6,253,200
-
--
46,667
440,012
146,284
17,787
60,208
568,905
189,135
22,997
147,965
238,186
408,878
375,159
307,967
528, 650
485,060
42,364,116
47,973,573
62,026,435
a 1,104,016
a 616,908
61,609
18,467
33,408
19,161
24,668
22,270
23,732
27,363
26,330
27,545
48,569
43,646
43,413
47,133
85,866
57,762
52,425
63,832
63,181
76,260
73,288
54,422
1,628,670
774,128
421,123
a$22,822,034
a 10,685,440
1,273,580
381,744
690,602
396,087
509,942
460,365
490,586
565,645
544,290
569,416
1,004,006
900,165
• 897,420
974,336
1,775,010
1,194,050
1,083,725
1,319,526
1,306,070
1,676,440
1,615,doo
1,125,doo
31,600,410
16,002,641
8,705,377
a 2,672,494
a 2,842,935
1,029,307
1,618,286
3,012,644
3,497,576
1,800,444
1,606,394
3,491,330
3,377,906
2,413,816
2,784,307
4,888,842
7,027,513
7,950,693
7,906,162
7,360,309
5,643,499
6,692,707
9,618,743
9,613,827
18,664,101
18,472,398
10,363,337
• 3,299,506
6,311,139
3,375,056
a$3,455,346
a3,676,714
1,330,821
1,963,037
3,895,136
4,522,118
2,327,847
2,076,955
4,514,043
4,367,393
8,120,892
3,699,912
6,320,927
9,086,077
10,279,555
10,222,108
9,516,359
7,296,646
8,523,904
12,307,062
12,300,705
24,131,363
23,883,605
13,399,062
4,266,028
• 8,169,867
4,363,709
6,339,094
110,368,902
166,935,170
202,906,080
263,329
126,708
130,1P5
159,086
2,049,365
.
469,750
7,158
.. ..
$3,937,999
1,142,448
433,177
416,830
964,956
1,224,639
565,355
499,997
3,253,988
26,927,947
785,027
62,165
635,873
227,771
i2,739
6,130
6,294
7,696
..
190,601
65,266
20,956
20,116
46,196
69,242
27,349
24,187
157,412
1,302,639
37,976
3,007
30,760
11,018
22,724
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889 1890
1891
1892.
1893
1894
1896
1896
1897
1898
1899
-•
Total
j^i>y^:sr.
1873
1874
1875
1876
1877
1878
1879
1880 .
1881
1882
1883
1884
1885
1886
1887
1888 .
1889
1890
1891
1892
1893
1894
1896
1896
1897
1898..,
1899
-
.
.
-.
Total
.
a Fiscal years.
446
REPORT ON T H E
FINANCES.
COINAGE OP THE PRINCIPAL COUNTRIES OF THE W O R L D , SO FAR AS REPORTED, SINCE
1873—Continued.
M:EXICO.
Silver.
Gold.
Years.
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
Fine ounces.
Finecunces.
Value.
Coining
value.
30,802
100,714
41,923
39,010
33,657
33,475
31,841
.
.
•
. . . .
.. .
. . .
•
:-
;
Total
17,499,847
13,164,992
14,994,600
15,061,528
16,563,263
17,080,751
17,141,685
$22,626,065
17,021,405
19,386,958
19,460,662
21,415,128
22,084,203
22,162,987
21,226
21,894
19,718
15,901
20,475
17,777
19,284
14,636
15,476
13,780
13,572
13,313
23,857
26,805
24,390
27,380
20,181
28,998
32,705
438,778
452,590
407,600
328,696
423,260
367,490
398,647
300,480
319,907
284,869
280,566
275,203
493,167
554,107
504,193
565,986
417,176
599,442
676,063
18,670,026
19,449,060
18,627,408
19,627,815
19,986,187
20.876,473
20,762,180
20,619,042
19,663,889
. 18,625,297
18,943,860
20,714,761
. 21,660,423
22,801,736
19,206,271
16,313,651
15,320,604
17,067,016
14,501,752
24,139,023
25,146,260
24,083,921
25,377,378
26,840,727
26,991,804
26,844,031
26,658,964
25,294,726
24,081,192
24,493,071
26,782,721
28,005,396
29,481,033
24,832,351
21,092,397
19,608,469
22,066,445
18,749,740
702,690
:
. . . .
$636,738
2,081,949
866,619
806,417
696,760
691,998
658,206
14,526,875
474,834,117
615,726 947
4,318,884
10,020,403
$5,584,011
12,965,673
49,414
44,983
44,983
34,655
310,922
62,184
470,491
62,722
310,922
621,844
63,889
58,160
58,160
44,806
402,000
80,400
608,312
81,095
402,000
804,000
^SrETHErMLi^lSriDS.
1873
1874
1875
1876
1877
1878
1879:
1880
1881
1882
1883...:
1884..
'.
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1896
1896
1897
1898
1899
a 9,452
799,214
312,396
217,123
9,639
116,256
12,546
a$196,400
16,521,210
6,457,800
4,488,341
199,260
2,403,223
269,336
22,018
10,529
7,926
6,920
39,858
455,145
217,647
163,831
143,052
823,943
12
-
245
:
Total
.
59,075
76,380
21,152
35,046
70,897
135,692
437,259
724,452
102,604
163,914
283,852
1,212,596
435,291
124,369
108,823
331,132
746,213
436,291
205,208
132,660
199,000
367,000
1,567,800
562,800
160 800
140,700
428,130
964 800
562 800
265,320
1,630,078
33,696,723
20,550,774
26,570,696
.. ..
. .
3,430
6,564
a 1873 and 1874.
447
DIBECTOE OF T H E MINT.
COINAGE OP THE PRINCIPAL COUNTRIES OF THE WORLD, SO FAR AS REPORTED, SINCE
1873—Continued.
I>ORTXJG^^L..
Silver,
Gold.
Years.
1873 .
1874
1875
1876
1877 1878
1879.
1880
1881 .
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896'
1897
1898
1899
Fine ounces.
Value,
Fine ounces.
Coining
value.
. . . '.
4,3i6
41,348
8,311
307,019
103,679
$63,460
10,746
396,954
133,920
231,849
742,593
1,186,144
526,247
417,656
5,628,336
2,378,970
1,092,589
370,043
92,720
1,470,160
688,250
.851,433
2,130,047
299,765
960,120
1,533,600
680,400
540,000
7,277,040
3,075,840
1,412,640
478,440
119,880
1,900,800
864,000
1,100,844
2,754,000
3,247,379
18,267,284
23,692,449
585,723
964,091
829,278
2,072,607
1,278,671
1,333,444
1,348,768
1,168,613
1,013,446
848,832
618,889
900,504
1,000,678
714,098
972,786
989,776
912,115
1,051,007
102,119
26,892
112,012
112,011
1,866,812
497
8,253,488
6,568,790
9,408,055
$12,107,964
19,722,820
17,142,693
42,^842,525
26,: 432,484
27;664,735
27,-881,306
24,167,383
20;949,779
17;646,908
12,793,675
18;615,074
.20,686,852
14;761,717
20;109,276
20^460,491
18;865,097
21,726,239
2,110,981
556,909
2^316,493
2;315,481
• 38; 590,432
10,284
170,614,861
136;788,949
194^481,077
3,104,686
2.970,373
2,950,513
6,019,049
3,149,571
4,620,647
4,987,417
4,486,157
2,153,771
259,676
$4,014,139
3,840,482
3,814,806
7,782,205
4,072,172
5,974,170
6,448,378
5,800,284
2,784,674
336,742
968,093
746,189
1,008,641
1,200,161
899,606
892,276
1,248,665
2,081,245
2,258,812
1,933,496
180,877
2,858,774
23,965,399.
27,373,881
16,630,825
16,217,259
1,238,746
964,769
1,304,101
1,551,710
1,163,126
1,153,651
1,614,422
2,690,902
2,920,484
2,499,874
233,861
3,696,192
30,985,566
35,392,493
21,373,189
20,967,769
46,043,892
931i 139,385
14,211
12,696
15,464
11,860
7,837
10,501
9,038
11,912
8,689
13,061
4,963
4,660
19,696
• 8,202
m , 100
293,762
262,451
319,680
245,160
162,000
217,080
186,840
246,240
179,626
270,000
102,600
96,120
407,160
.169,660
157,090
-
Total
RXJSSIA.
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
:
•
. . . .
-
.
. .
.
Total
,135,056,037
174,617,906
448
REPORT ON THE FINANCES.
COINAGE OP THE PRINCIPAL.COUNTRIES OF THE WORLD, SO FOR AS REPORTED, SINCB
1873—Continued.
SGJ^i^^iDXisrAJ^^ij^isr TJ3srio:sr (r>E::isrM:H^R,K, i s r o i i ^ w ^ ^ Y , j^is"r>
Silver.
Gold.
Years.
Fine ounces.
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
Value,
1,947,068
1,637,641
$1,995,288
217,750
2,265,621
4,293,170
262,397
376,315
1,944,401
223,593
319,067
87,387
287,988
132,784
a 7,329,226
13,624
136,482
132,797
263,660
374,467
277,760
•
441,808
173,671
288,636
80,400
176,007
818,232
996,272
646,258
Tbtal
50,760,652
18,898,821
24,434,845
a Denmark from 1873 to 1885: Gold,
gold and 55,666,957 ounces of silver.
166,239
896,921
2,456,547
.
1,080,040
1,381,363
94,189
74,383
- - -.
$616,979
2,418,700
2,330,344
2,2C6,685
1,891,009
3,470,327
2,991,612
752,992
340,275
39,876
629,327
1,022,420
a23,146,332
1,521,672
314,830
7,993
43,389
'.
Coining
value.
1,543,231
168,416
1,744,605
3,320,499
196,213
291,056
1,503,872
172,936
246,778
67,588
222,740
102,700
a 5,668,697
10,637
105,560
102,710
203,925
289,627
214,822
341,707
134,246
223,242
62,184
136,130
632,851
'770,564
422,496
29,846
117,005
112,730
109,603
91,478
167,877
144,719
36,426
16,461
1,929
30,444
49,460.
a l , 119,704
73,611
15,230
52-, 247
66,823
;
-
Fine ounces.
5,112,832; silver, $7,197,344—equivalent to 1,118,083 ounces of
soTJTia: ^MiEiR-ic^iisr S T ^ ^ T E S .
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1865
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
: - -.
13,712
894
16,192
2,821
$283,462
18,480
334,720'
58,320
2,898,424
140,309
877,990
239,745
$3,747,457
181,410
1,136,179
309,973
2,226,392
4,990,983
1,694 859
4,038,148
1,400,949
I,902,436
4,229, 689
4,444,620
7,373,002
• 3 058 667
2,842,530
5,354,240
7,423,733
6,446,687
5 701 492
10,419,262
5,060,693
1,625,974
1,468,094
2,166,532
88,241,781
22,413
7,108
1,234
221,703
54,195
100,305
444,988
437,666
....
.'
1,120,318
2,073,498
9,198,730
9,045,077
1,271
Total
463,322
146,939
26,608
4,583,011
26,279
404,087
262,419
2
9,441
88,400
8,363,212
5,424,686
49
196,161
1,827,381
1,721,975
3,860,213
1,310,868
•3,123,255
1,083,546
1,471.415
3,271,400
3,437,658
6,702,556
2,365,688
2,198,519
4;141,170
6,741,793
4,211,883
4,409,748
8,058,648
3,914,052
1,257,589
1,136,478
1,675,677
2,088,741
43,178,163
68,249,499
449
DIRECTOR OF THE MINT.
XXXVIII.—MONETARY SYSTEMS OF PRINCIPAL COUNTRIES.
•
^
*
^
*
*
*
.X-
xj:isria?ED S T A T E S .
AUTHORITY FOR COINING," CHANGES IN WEIGHT AND FINENESS, AND AMOUNT
COINED, FOR EACH COIN.
Denomination.
Act authorizing
coinage or c h a n g e Weight ' Finein w e i g h t or
( g r a i n s ) . ness.
fineness.
Total a m o u n t
coined to
J u n e 30, 1900.
Act discontinuing
coinage.
•
GOLD COINS.
D o u b l e e a g l e ($20)
E a g l e ($10)
H a l f e a g l e ($6)
Q u a r t e r e a g l e ($2.60)
Three-dollar piece
One dollar
M a r c h 3,1849
A p r i l 2, 1792
J u n e 28,1834
J a n u a r y 18 1837
A p r i l 2,1792
J u n e 28,1834
J a n u a r y 18,1837 . .
A p r i l 2, 1792.
J u n e 28,1834
J a n u a r y 18,1837
F e b r u a r y 21,1853..
M a r c h 3,1849
616
270
258
i35
129
67.6
64.5
77.4
25.8
.900
,9161
.899226
.900
.9161
.899225
.900
.916f
. 899225
,900
.900
,900
S e p t e m b e r 26,1890.
S e p t e m b e r 26,1890.
.8924
.900
F e b r u a r y 12,1873 . .
$1,638,826,060.00
[
319,061,160.00
s
259,066,546.00
!•
29,015,635.00
1,619,376.00
19,499,337.00
SILVEK COINS.
416
A p r i l 2,1792
J a n u a r y 18,1837 . . 412i
F e b r u a r y 28,] 878 .
J u l y 14,1890
T r a d e d o l l a r (b)
F e b r u a r y 12,1873 . 420
412i
Lafayette dollar .
M a r c h 3,1899
208
Half d o l l a r
A p r i l 2,1792
J a n u a r y 18,1837 . . 206i
F e b r u a r y 21,1853 . 192
F e b r u a r y . 12,1873. C392.9
192.9
C o l u m b i a n half d o l l a r
A u g u s t 5,1892
104
Quarter dollar
A p r i l 2,1792
J a n u a r y 18,1837 . . . 103i
96
F e b r u a r y 21,1853 .
F e b r u a r y 12,1873 . e96.45
C o l u m b i a n q u a r t e r d o l l a r M a r c h 3,1893
96.45
Twenty-cent piece
M a r c h 3,1875 . . . . . / 7 7 . 1 6
41.6
A p r i l 2,1792
Dime
41i
J a n u a r y 18,1837 . .
38.4
F e b r u a r y 21,1853 .
F e b r u a r y 12,1873. 5^38.58
Half d i m e
20.8
A p r i l 2,1792
J a n u a r y 18,1837 . .
20t
F e b r u a r y 21,1853 19.2
Three-cent piece
M a r c h 3,1861
12i
M a r c h 3,1853
11.62
Dollar
.900
.900
.8924
.900
1
M a r c h 3,1887
J
35, 965, 924.00
50,000.00
"
1
i
144,988,609.00
J
d2,501,052.50
[
.900
.8924
.900
.900
.900
.8924
.900
[ a 506,627,453.00
63,763,021.60
"
1
J
M a y 2,1878
d 10,005.75
271,000.00
i
35,931,861.20
[
4,880,219.40
F e b r u a r y 12,1873 . . 1
1,282,087.20
.8924
.900
F e b r u a r y 12,1873 . .
.750
.900
MINOR COINS.
Five cent (nickel)
Three cent (nickel)
Two cent (brouze)
Cent (copper)
Cent (nickel)
Cent (bronze)
Half cent (copper)
M a y 16,1866
M a r c h 3,1865
A p r i l 22,1864
A p r i l 2,1792
J a n u a r y 14,1793 ..
J a n u a r y 26,1796 (;•)
F e b r u a r y 21,1857 .
A p r i l 22,1864
A p r i l 2,1792
J a n u a r y 14,1793 . .
J a n u a r y 26,1796 (.?•)
77.16
30
96
264
208
168
72
48
132
104
84
(h)
17,967,308.10
941,349.48
912,020.00
S e p t e m b e r 26,1890.
F e b r u a r y 12,1873 . .
]
\
[^
F e b r u a r y 21,1867 . .
A p r i l 22,1864
1,562.887.44
j
"'^''^'^^^•^^
]
>
2,007,720 00
10,072,768.69
39,926.11
F e b r u a r y 21,1867 . .
a Amount coined to February 12, 1873, $8,031,238.
5 Coinage limited to export demand, joint resolution, July 22,1876.
c 12^ grams, or 192.9 grains.
d Total amount coined.
e6i grams, or 96.45 grains.
f b grams, or 77.16 grains.
<72i grams, or 38.68 grains.
h Composed of 76 per cent copper and 25 per cent nickel,
i Composed of 95 per cent copper and 5 per cent tih and zinc.
.? By proclamation of the President, in conformity with act of March S 1795.
k Composed of 88 per cent copper and 12 per cent nickel.
The total coinages to June 30, 1900, are as follows: Gold, $2,167,088,113; silver,
1796,171,133.55; minor, $33,503,969.72; a grand total of $2,996,763,216.27.
FI 1900- -29
450
REPORT ON THE FINANCES.
X X X I X . — S U M M A R Y OF MONETARY EVENTS SINCE 1786.
1786.—Establishment of the double standard in the United States with a ratio of
1 to 15.25; that is, on the basis of 123.134 grains of fine gold for the half eagle or $5
piece, and 375.64 grains of fine silver for the dollar, without any actual coinage.
1792.—Adoption of t h e ratio of 1 to 15 and establishment of a mint with free and
gratuitous coinage in t h e United States; the silver dollar equal to 371J grains fine, the
eagle to 247 J grains fine.
1803.—Establishment of the double standard in France on the basis of the ratio of
1 to 15^, notwithstanding t h e fact that t h e market ratio was then about 1 to 15.
1810.—Introduction of t h e silver standard in Russia on the basis of the ruble of
17.99 grams of fine silver, followed in 1871 by the coinage of imperials or gold pieces
of 5 rubles, of 5.998 grams, therefore with a ratio of 1 to 15, This ratio was changed
by t h e increase of the imperial to 5 rubles 15 copecks, and later to 1 to 15.45.
1815.—Great depreciation of paper money in England, reaching 26J per cent in
May, Course of gold, £5 6s., and of silver, 71 Jd. per ounce standard. I n December
the loss was only 6 per cent. Gold at this period was quoted at £4 3s.,, and silver
at 64d.
1816.—Abolition of the double standard in England, which had had as its basis the
ratio of 1 to 15.21, and adoption of the gold standard on the basis of the pound
sterling at 7.322 grams fine in weight.
Coinage of divisional money at t h e rate of 66d. per ounce. Extreme prices, £4 2s.
for gold and 64d. for silver in January; £Z 18s. 6d. and 59id. in December.
1816.—Substitution for the ratio of 1 to 15.5 in Holland, established by a rather
confused coinage,, of the ratio of 1 to 15i-.
1819.—Abolition of forced currency in England. Price of gold £3 17s. lO^d, and
of silver 62d,^ per ounce in October, against £4 Is. 6d, and 67d, in February,
1832.—Introduction of t h e monetary system of France in Belgium with a decree
providing for t h e coinage of pieces of 20 and 40 francs, which, however, were not
stamped. Silver, 59|d.
1834.—Substitution of the ratio of 1 to 16 for that of 1 to 15 in t h e United States by
reducing the weight of the eagle, $10 gold piece, from 270 grains to 258 grains.
I n 1837 the fineness of the United States gold coins Avas raised from 0.899225 to
0.900, and t h e silver coins from 0.8924 to 0,900, giving a ratio of 1 to 15.988 and fixing
t h e standard weight of the silver dollar at 412^ grains. Silver, 59^f d.
1835.—^Introduction of t h e company rupee, a piece of silver weighing 165 grains
fine, in India, in place of the sicca rupee. Creation of a trade coin—the niohur, or
piece of 15 rupees—containing 165 grains of fine gold. Silver, 59}^d.
1844'—Introduction of t h e double standard in Turkey, with t h e ratio of 1 to 15.10.
Silver, 59^d.
1847.—Abolition of the double standard in Holland by the introduction of the silver
standard on t h e basis of a l-florin piece 0.945 gram fine, the coinage of which had
already been decreed in 1839. Silver, 59^J.
1848.—Discovery of t h e gold mines of California.
1848.—Coinage in Belgium of pieces of 10 and 25 francs in gold, a shade too light.
These pieces were demonetized and withdrawn from circulation in 1884. Silver, 59 Jd.
1848.—Replacing t h e ratio of 1 to 16 in Spain, which had been in force since 1786,
by that of I t o 15.77.
1850.—Introduction of the French monetary system in Switzerland, without any
actual coinage of gold pieces. Silver, 60TVd.
1851.—Discovery of the gold mines of Australia,
1853.—Lowering of the weight of silver pieces of less value than $1 to t h e extent of
7 per cent in t h e United States, and limitations of their legal-tender power to $5.
Silver, 6Hd.
1853.—Maximum of the production of gold reached in Calif ornia when it amounted
to $65,000,000.
1854.—Introduction of the gold standard in Portugal on the basis of the crown of
16,257 grams fine. Before this period the country had the silver standard, with a
rather large circulation of gold coins stamped on the basis of 1 to 15 J in 1835 a n d l to
16^' in 1847. Silver, 61 Jd.
1854.—Modification of t h e ratio of 1 to'15.77 in Spain by raising it to l.to 15.48,
and by lowering t h e piaster from 23.49 grams to 23.36 grams fine.
1854.—Introduction of the silver standard as it existed in the mother country, in
Java, in place of the ideal Javanese money and coinage of colonial silver pieces.
IThe price of silver given hereafter represents the average rate per ounce standard—that is, the
mean between the highest price and the lowest price quoted during the year.
DIRECTOR OF THE MINT.
451
1857.—Conclusion of a monetary treaty between Austria and the German States,
in accordance with Avhich 1 pound of fine silver (one-half a kilogram) was stamped
into 30 thalers or 52|- florins of south Germany, or 45 Austrian florins, resulting in 1
thaler equaling If German florins or 1= Austrian florins. Silver, 61fd.
^^
1861.—Law decreeing the coinage of gold pieces of 10 and 20 francs exactly equal
to French coins of the same denomination in Belgium. Silver, 61fd.
1862.—Adoption of the French monetary system by Italy. Silver, 61xVd.
1865.—Formation of the Latin Union between France, Belgium, Switzerland, and
Italy on the basis of a ratio of 1 to 15J. Silver, ^Ij^d.
1867.—First international monetary conference held in Paris.
1868.—Adoption of the French monetary system by Roumania, with the exclusion
of the 5-franc silver piece, which was, however, stamped in 1881 and 1883. Silver,
.60Jd.
icS'^cS*.—Admission of Greece into the Latin Union. The definite and universal
introduction of the French monetary system into the country was effected only in
1883.
1868.—Adoption of the French monetary system, with the peseta or franc as the
unit by Spain. The coinage of alphonses d'or of 25 pesetas was made only in 1876.
i<S*7-?.—Replacing of the silver standard in Germany by the gold standard. Coinage in 1873 of gold pieces of 5,10, and 20 mark pieces, the latter weighing 7.168 grams
fine. Silver, 60id.
1871.—Establishment of the double standard in Japan with the ratio of 1 to 16,17
by the coinage of the gold yen of 1,667 grams and of the silver yen of 26.956 grams,
both with a fineness of 0.900.
1873.—Increase of the intrinsic value of the subsidiary coins of the United States.
Replacing of the double standard by the gold standard. Reduction of the cost of
coinage of gold to one-fifth per cent, the total abolition of which charge was decreed
in 1875. Creation of a trade dollar of 420 grains with a fineness of 0.900. Silver,
69Jd.
1873.—Suspension of the coinage of 5-franc pieces in Belgium.
1873.—Limitation of the coinage of 5-francs on individual account in France.
1873.—Suspension of the coinage of silver in Holland.
1873.—Formation of the Scandinavian Monetary Union. Replacing of the silver
standard in Denmark, Sweden, and Norway by that of gold on the basis of the krone.
• Coinage of pieces of 10 and 20 kroner, the latter weighing 8.961 grams, with a fineness
of 0,900.
1874.—Introduction of the system of contingents for the coinage of 5-franc silver
pieces in the Latin Union. Silver, 58x\d.
1875.—Suspension of the coinage of silver on individual account in Italy. Silver,
56id.
1875.—Suspension of the coinage of silver on account of the Dutch colonies.
1875.—Introduction of the double standard in Holland on the basis of the ratio of
1 to 15.62 bythe creation of a gold piece of 10florins,Aveighing5.048 grams fine,AAdth
the maintenance of the suspension of the coinage of silver.
1876.—Great fluctuations in the price of silver, which declined to 46|d., representing the ratio of 1 to 20.172, in July. Recovery, in December, to 58Jd. Average price,
52|d.
1877.—Coinage of 5-franc sih^er pieces by Spain continued later, notwithstanding
the decline of silver in the market. Silver, 54Jd.
1877.—Replacing of the double standard in Finland by that of gold on the basis of
the mark or franc.
1878.—Act of United States Congress providing for the purchase, from time to time,
of sih^er bullion, at the market price thereof, of not less than $2,000,000 worth per
month as a minimum, nor more than $4,000,000 worth per month as a maximum,
and its coinage as fast as purchased into silver dollars of 412 J grains. The coinage of
silver on private account prohibited. Silver, 52Y\d.
1878.—Meeting of the second international monetary conference in Paris, Prolongation of the Latin Union to January 1, 1886.
1879.—Suspension of the sales of silver by Germany. Silver, Sl^d.
1879.—Resumption of specie payment by the United States.
1881.—Third, international monetary conference in Paris. Sih^er, 51^-^d.
1885.—Introduction of the double standard in Egypt. Silver, 48|d.
1885.—Prolongation of the Latin Union to January 1, 1891.
1886.—Great decline in the price of silver, which fell in August to 42d., representing a ratio of 1 to 22.5, and recovery, in December, to 46d. Modification of the
coinage of gold and silver pieces in Russia. Silver, 45|d.
1887.—Retirement of the trade dollars by the Government of the United States in
Februar.y. Demonetization of the Spanish piasters, knoAvn as Ferdinand Carolus,
452
REPORT ON THE FINANOES.
whose reimbursement at the rate of 5 pesetas ended on March l l . New decline of
silver in March to 44d., representing the ratio of 1 to 21.43. Silver, 44|d.
1890.—United States—Repeal of the act of February 28, 1878, commonly known as
Bland-Allison law, and substitution of-authority for purchase of 4,500,000 fine ounces
of silver each month, to be paid for by°issue of Treasury notes payable in coin. (Act
of July 14, 1890.) Demonetization of 25,000,000 lei in pieces of 5 lei in Roumania in
consequence of the introduction of the gold standard by the laAV of October 27.
Silver, 47Hd.
1891.—Introduction of the French monetary system in Tunis on the basis of the
gold standard. Coinage of national gold coins and billon. Silver, 45x\d.
1892.—Replacing of the silver standard in Austria-Hungary by that of gold by the
law of August 2. Coinage of pieces of 20 croAvns, containing 6.098 grams fine. The
crown equals one-half florin. Meeting of the fourth international monetary conference at Brussels. Production of gold reaches its maximum, varying between
675,000,000 and 734,000,000 francs. Silver, 39ifd.
1893.—Suspension of the coinage of silver in British India and of French trade
dollars on individual account. Panic in the silver market in July in London, Avben
the price fell to 30Jd., representing the ratio of 1 to 30,92. Repeal of the purchasing
clause of the act of July 14, 1890, by the Congress of the United States.
1895.—Adoption of the gold standard by Chile.
J?«55?5,—Russia decides to coin 100,000,000 gold rubles in 1896.
1896.—Costa Rica adopts the gold standard.
1896.—Russia decides to resume specie payments.
1897.—Adoption of the gold standard by Russia and Japan..
1897.—Peru suspends the coinage of silver and prohibits its importation.
1898.—Ecuador limited the tender of silver coins to the amount of 10 sucres.
1899.—India adopted the gold standard atthe rate of 15 rupees to 1 pound sterling
(British standard).
iP6>C>.—United States adopted the gold standard.
REPORT OF THE COMPTROLLER OF THE
CURRENCY.
TREASURY DEPARTMENT,
OFFICE OF THE COMPTROLLER OF THE CURRENCY,
Washington^ Decemher 5, 1900.
SIR: I submit herewith, in compliance with the requirements of
section 333 of the Revised Statutes of the United States, the thirty-,
eighth annual report of the operations of the Currency Bureau for the
year ended October 31, 1900.
CONDITION OF BANKS.
The resources and liabilities of the banks in active operation, as
shown by reports submitted during the past year, appear in detail in
the following table:
ABSTEACT OF REPORTS OF CONDITION OF NATIONAL BANKS IN THE UNITED STATES
ON DECEMBER 2, 1899, AND FEBRUARY 13, A P R I L 26, J U N E 29, AND SEPTEMBER 5,
1900.
Dec. 2—3,602
banks.
F e b . 13—3,604
banks.
A p r i l 26—3,631 J u n e 29—3,732
banks.
banks.
Sept. 5—3,871
banks.
RESOURCES.
L o a n s a n d d i s c o u n t s . . J2,479,819,494.90 $2,481,579,945,36 ;2,666,034,990,40 $2,623,612,200.73
Overdrafts
19,064,580,79
20,724,992,72
33,681,370,97
23,603,096,37
U, S. b o n d s t o s e c u r e
circulation
234,403,460.00 236,283,870.00 265,340,570,00 282,424,040,00
U, S. b o n d s t o s e c u r e
U, S. d e p o s i t s
81,265,940.00 111,515,980.00 112,261,540,00 107,348,780,00
17,019,180:00
U. S. b o n d s o n h a n d . .
17,717,840.00
19,677,390.00
15,456,700.00
P r e m i u m s o n U, S.
bonds
17,375,215.21
12,587,612.86
10,875,434,89
19,891,938.95
s t o c k s , securities, e t c . 325,490,163,55 330,623,075.34 337,094,245,91 356,883,695,53
B a n k i n g . h o u s e , furni79,517,387,
80,223,848,70
ture, and fixtures...
79,446,858,81
79,520,503.18
o t h e r real estate a n d
28,701,933.42
27,682,919,21
27,180,350,84
mortgages owned ..
29,662,473.64
D u e from' n a t i o n a l
198,611,069.85 200,720,520.60 200,099,719.04 216,078,918.26
banks
D u e from S t a t e b a n k s
60,156,021.84
54,057,565.96
58,484,523.94
62,882,655.18
and bankers
D u e from a p p r o v e d
345,566,047,73 375,117,371.13 404,956,529.
412,781,260,09
reserve agents
In ternal-reA'enue
1,345,914.68
1,425,146,42
stamps
Checks a n d o t h e r
16,170,099.21
21,136,118,30
cash items
21,432,440,94
22,517,303,00
E x c h a n g e s for clear169,189,425,34
ing house
90,514,921,48 186,Oil,991,55 147,354,817,
Bills of o t h e r n a 24,846,436.00
25,078,170,00
tional banks
17,522,237,00
19,736,286,00
Fractional currenc5^
1,219,635.40
1,230,421,28
nickels, a n d cents..
1,013,122,40
ol, 226,162.29
>,686,759, 642.57
23,130; 598,65
294,890,130,00
102,811, 380,00
11,047, 870.00
9,951 815,46
367,255, 545,79
81,209, 233.26
26,002, 369.21
220,673, 982.42
64,972, 431.52
450,714, 269.48
1,470, 910!83
19,749, 086.17
124,517, 116.87
25,416, 666. 00
1,241, 387,03
453
454
REPORT ON T H E
FINANCES.
ABSTRACT OF REPORTS ON CONDITION OF NATIONAL BANKS IN THE UNITED STATES
ON DECEMBER 2, 1899, ETC.—Continued.
Dec, 2—3,602
banks.
F e b . 13—3,604
banks.
^Vpril 26—3,631 J u n e 29—3,732
banks.
banks.
Sept. 5—3,871
banks.
RESOURCES—Cont'd.
Gold c o i n
$103,052,570.
Gold T r e a s u r y certificates
70,986,670.
Gold c l e a r i n g - h o u s e
100,648,000.
certificates
7,569,649.
Silver d o l l a r s
Silver T r e a s u r y c e r t i 26,356,766.
ficates
6,211,721.
Silver f r a c t i o n a l c o i n .
L e g a l - t e n d e r n o t e s . . . 101,676,795.
U. S. certificates of
13,065,000.
deposit
Five-per-cent r e d e m p
10,298,929,
tion fund
D u e from T r e a s u r e r
1,821,144,
U.S
Total .
$104,882, 872,15 $104, 624,498.
$102, 834,447.
$103, 750,172.59
93,611, 360.00
100, 989,330.
101, 263,430.
115, 018,140.00
90,887, 000,00
8,798, 952.00
92, 070,000.
9) 063,651.
91, 023,500.
236,232.
93, 390,000.00
8, 782,306.00
34,132, 389.00
7,265. 261.55
122,466, 493.00
44, 049,035.
7, 264,654.
139, 838,063.
44, 437,981.
7, 218,118.
143, 756,522.
45, 243,559.00
7, 144,233.12
145, 046,493.00
14,500, 000.00
6, 360,000.
194,000.
2, 085,000.00
10,306, 422.72
11, 941,754.
325,594.
14, 244,066.61
1,595, 729,53
2, 036,250,
881,160.
1, 620,093.71
4,475,343,923.55 4,674,910,713.09 4,811,956,048.64 4,944,165,623.87 5,048,138,499.29
LIABILITIES.
C a p i t a l stock p a i d i n . . 606,725,265.00 613,084,465,00 617,051,455.00 621,536,461,45 630,299,030,72
250,367,691.89 252,869,088,57 253,724,596.35 256,249,448,51 261,874,067.84
Surplus fund
U n d i v i d e d profits.less
e x p e n s e s a n d t a x e s . 113,958,857.25 111,003,876,32 130,032,604.44 135,298,386.62 127,594,908.82
National-bank notes
204,925,357.50 204,912,546,00 236,250,300.00 265,303,018,00 283,948,631,60
outstanding
S t a t e - b a n k n o t e s out53,099.5o|
53,094,50
52,231,50
53,104.50
53,099.50
standing
Due to other national
502,695,827.291 536,997,249.32 566,301,830,691 572,901,820.021 609,652,961.83
banks
D u e to S t a t e b a n k s
293,721,662.94 318,875,604.55 242,366,367,87 227,647,423.641 243,805,378.88
and bankers
Due to trust companies a n d savings
154,904,! u35 232,428,059,69 215,898,530.98
banks
D u e t o a p p r o v e d re21,898,434.31
29,927, 000.77
27,209,179.43
serve agents
1,171,983.39
1,497,651.231
1,672, 863,51
1,184,368.99
1,261,321.50
Dividends unpaid
I n d i v i d u a l d e p o s i t s .. 12,380,610,361.43 2,481,847,035.62 12,449,212,656. 2,458,092, 757.67112,508,248,557.53
92,566, 799.37
87,696,246.77
73,866,941.90 103,781,155.23 102,791,876.411
U.S. deposits
Deposits of U. S. dis5,674,842,76
6,221,742.17
5,484,822.76
6,306,110.90
6,158,567.45
b u r s i n g officers
Notes a n d bills redis3,810,654,27
3,695,152.31
4,239, 300.081
6,000,740.00
5,001,309.88
counted
-.
10,645,714.14
8,106,208.60|
12,632, 568,
7,670,595.17
•13,546,905.23
Bills p a y a b l e
Liabilities other t h a n
28,278,612.17
33,374,701.24
27,311,510,34
27,918,593.79
22,627,712.3.0
those above
Total .
4,475,343,923.55 4,674,910,713.09 4,811,956,048. 64 ,944,165,623.87 5,048,138,499.29
The authorized capital of the 3,935 national banking associations
existing on October 31, 1900, was $632,502,395, a net increase since
October 31, 1899, of $23,974,350. Of the increase, $20,025,000 was
the capital of banks organized during the 3^ear, and $21,126,800 increase
of capital of previously existing associations. There Avas a reduction
of $12,474,950 by'the voluntary liquidation of 44 associations. This
amount includes the capital stock of banks which have not yet deposited lawful money to retire their circulation and Avithdraw their bonds,
the accounts being still carried on the books of this office. The failure of five banks depleted the capital to the extent of $1,500,000, and
$2,692,500 was lost by the reduction during this period of the capital
of active banks. Of the 44 associations placed in voluntary liquidation, 16, with capital of $8,330,000, were liquidated for the purpose of
consolidating with other national banks; 9, with capital of $1,835,000,
for the consolidation of their business^witli State institutions, and 19,
with capital of $2,304,950, for the purpose of going out of business.
COMPTROLLER OF THE CURRENCY.
455
A summary of the principal, items of resources and liabilities of
reporting national banks is of interest as exhibiting changes which
have occurred since the issue of the • Comptroller's report in 1899.
Referring to the loans and discounts and comparing the returns on
September 5, 1900, with those made on September 7, 1899, there is
shown to have been an increase of $170,008,391.46. At the date of the
December 2, 1899, statement, the loans aggregated $2,479,819,494.90,
followed by a gradual increase during the year, until the maximum
was reached September 5, namely, $2,686,759,642.57.
As approximately 50 per cent of the loans and discounts of national
banks are held by associations located in the central reserve cities and
in Boston, Philadelphia, and Pittsburg, a statement with respect to
money rates at those points is of interest. During the first week in
September the rates on call loans in New York were l i to l i per cent;
in Boston, 2 to 3; in Philadelphia, 3 to 3i; in Chicago, 4^ to 5; in
Pittsburg, 5, and in St. Louis, 5 to 7. The rates on time loans were
as follows: New York, 3 to 5; Boston, 3^ to 5; Philadelphia, 4 to 4 i ;
Pittsburg, 5; Chicago, 5 to 6, and St. Louis, 5 to 7 per cent. Rates
prevailing during the first week in September, 1899, were as follows:
Time loans, Boston, 4 to 5; Philadelphia and St. Louis, 4 i to 5; Chicago, 4 i to 5 i ; Pittsburg, 6 to 7. Call loans, Chicago and Philadelphia, 4; Boston, 4 to 4 i ; St. Louis, 4 to 5; Pittsburg, 6 to 7per cent.
IJnited States bonds on deposit to secure national-bank circulation
increased from $234,403,460 on December 2, 1899, to $294,890,130 on
September 5; Government bonds on deposit to secure public deposits
were at their lowest on December 2, $81,265,940; at the maximum on
April 26, namely, $112,251,540, and dropped to $102,811,380 on September 5; other United States bonds, owned b}^ the banks, fell in
amount from $19,677,390 on April 26 to $11,047,870 on September 5.
The premium account on all United States bonds was reduced from a
maximum of $19,891,938.95 on February 13 to $9,951,815.46 on September 5, due principally to the substitution of new twos for bonds
surrendered.
Specie reached the maximum, $373,328,410.71, at date of the last
call, an increase since December 2 of over fiftj^-eight and one-half
millions. At date of the December, 1899, call, gold coin and certificates
amounted to $274,687,240.12; silver coin and certificates, $40,138,000.
On September 5 the holdings of gold had increased to $312,158,312.59,
and the silver to $61,170,098.12. Legal-tenders in bank, amounting
to $101,675,795 on December 2, increased with each report, the amount
on September 5 being $145,046,493. Of the $15,320,000 United States
note certificates outstanding on February 13, the national banks held
$14,500,000. On March 14, the date of the passage of the currency
bill, which contained the provisions repealing the authority to issue
these note certificates and to count them as lawful money reser\^e,
there was outstanding $15,045,000. The reports on April 26, June
29, and September 5 show a reduction in the amount of holdings of
these certificates by the banks from $6,360,000 on the earliest-named
date to $2,085,000 on September 5.
The total resources of the associations increased since September 7,
1899, in the sum of $397,783,365.85; on December 2 the resources aggregated $4,475,343,923.55, and increased during the year to $5,048,138,499.29 at the date of the last statement.
.
The banks' individual deposits represent over 50 per cent of their
456
REPORT ON THE FINANCES.
entire liabilities, and amounted on September 5 to $2,508,248,557.53,
an increase from $2,380,610,361.43 on December 2, 1899.
United States deposits with the banks were at their minimum,
$73,866,941.90, on December 2; at their maximum on Februaiy 13,
$103,781,155.23, and decreased to $87,596,246.77 on September 5.
With the increase of reporting banks from 3,602 on December 2 to
3,871 on September 5, there was an accompanjdng increase in capital
stock paid in from $606,725,265 to $630,299,030. The surplus has
fluctuated between $250,000,000, approximately, on December 2, and
$262,000,000, nearly, on September 5. The undivided-profit account
was at its lowest on February 13, namely, $111,003,876.32, and at the
maximum, $135,298,386.62, on June 29.
National-bank notes outstanding on December 2 and Februar}^ 13
amounted to a trifle over $204,900,000. As a result of the passage of
the currency act, permitting the issue of circulation to the par value
of the bonds deposited, there was an increase of neaii}^ $32,000,000
between February 13 and A p r i l 26. On September 5 the amount
reported outstanding was $283,948,631, an increase since September 7,
1899, of $83,603,064.
The law requires national banks located in the central reserve cities—
New York, Chicago, and St. Louis—to maintain a rtserve on deposits
of 25 per cent, all of which is required to be lawful money, with the
exception of the amount with the Treasurer of the United States, in
the 5 per cent redemption fund. Banks located in other reserve cities
are required to maintain the same percentage of reserve, but one-half
ma}^ consist of funds on deposit with reserve agents in the central
reserve cities. Banks located elsewhere are required to hold 15 per
cent reserve, two-fifths of which must consist of cash in bank and the
three-fifths may consist of balances with approved correspondents.
By reference to the returns of September 5 it is seen that the liabilities on which the banks were required to maintain a reserve aggregated $3,280,985,590.84, the reserve required being $684,127,497.59,
and the reserve held $983,333,239.80, or 29.67 per cent. Of the
reserve held, $518,474,903.71 consisted of lawful money and the balance funds on deposit with reserve agents and in the 5 per cent
redemption fund. The average rate of reserve in central reserve cit}^
banks exceeded the amount required by 2.53 per cent. The excess in
other reserve city banks was 6.93 per cent, the average excess for both
classes being 4.64 per cent. Banks located outside of the reserve cities
held an average reserve of 30.44 per cent, or more than double the
requirement. The average reserve of all banks was 29.67 per cent. The
composition of the reserve held is as follows: Specie, $373,328,410.71;
legal tenders, $145,046,493; funds with reserve agents, $450,714,269.48;
redemption fund with the Treasurer, $14,244,066.61.
AMENDMENTS RECOMMENDED.
Section 333 of the Revised Statutes of the United States provides
that the Comptroller of the Currency, in his annual report to Congress,
shall suggest amendments to the banking laws by which the system
may be improved.
In complying with this provision of law, the Comptroller desires
first to call attention to section 1 of the act of Jul}^ 12, 1882.
OOMPTROLLER OF THE CURRENCy.
EXPIRATION
457
OF CHARTERS OF NATIONAL BANKS AND EXTENSION OF
CORPORATE EXISTENCE.
Under the provisions of section 1 of the act of July 12, 1882, the
charters of 1,737 national banks have been extended for a term of
twenty years from the date of expiration of the period of succession
named in their original articles of association. The first of these
extended charters will expire on July 14,190.2, and others will follow.
The question is thus raised as to whether authority is conferred upon
the Comptroller by the above-mentioned section to extend the corporate existence of a bank for a second term of twenty years from the
date of expiration of the period of its first extension or whether under
present law an association is limited to one extension of twenty 37ears
from the expiration of the period of succession named in the original
articles of association.
Section 1 of the act of July 12, 1882, under which* such extensions
are granted, reads as follows:
'^That any national banking association organized under the acts of
Februaiy twenty-fifth, eighteen hundred and sixty-three, June third,
eighteen hundred and sixty-four, and February fourteenth, eighteen
hundred and eight}^, or under sections fifty-one hundred and thirtythree, fifty-one hundred and thirty-four, fifty-one hundred and thirtyfive, fift3^-one hundred and thirty-six, and fifty-one hundred and
fifty-four of the Revised Statutes of the United States may, at an3^
time within the two years next previous to the date of the expiration
of its corporate existence under present law and with the approval of
the Comptroller of the Currency, to be granted as hereinafter provided, extend its period of succession b3'^ amending its articles of
association for a term of not more than twenty years from the expiration of the period of succession named in said articles of association,
and yhall have succession for such extended period unless sooner dissolved by the act of the shareholders owning two-thirds of its stock,
or unless its franchise becomes if orfeited by some violation of law, or
unless hereafter modified or repealed."
While it w^ill be observed that this act does not in express terms
limit extensions to one period of twenty years, the implication to that
effect is sufficiently clear to raise a doubt as to the Comptroller's
authority to grant the second extension.
In this view of the case, without additional legislation authorizing
a further extension, a bank desiring to continue in business under the
national system whose corporate existence has been once extended Avill
be compelled to go into liquidation at the expiration of the period of
its extension and reorganize as a new association.
This course will render necessaiy the complete winding up of the
affairs of the expiring bank, the retirement of its circulation, the withdrawal of its bonds, and the issuing of a new certificate of authority
b3^ the Comptroller, with a distinctively new title and charter number,
as is at present the case with an entirely new organization. While
the reorganized association might continue to be in all respects the
same bank, with practically the same stockholders, directors, and officers, the legislation hereinafter recommended would render unnecessaiy these steps, which would be attended with inconvenience both to
the business public and the banks.
I therefore respectfully recommend an amendment of section 1 of
458
REPORT ON THE FINANOES.
the act of Jul3^ 12, 1882, authorizing the Comptroller of the Currency
to extend for a further period of twenty years, under the conditions
and limitations imposed by said act, the charter of such expiring association as may desire to continue in the national banking S3^stem.
Such legislation, to be effective, should be enacted into law at the
earliest possible date to give associations desiring to avail themselves
of its provisions ample time for the preliminaiy action necessar3^ to
an extension before their charters lapse.
As before stated, the corporate existence of 1,737 banks, with capital
aggregating $417,628,115, has been extended since the passage of the
act of July 12, 1882. During the year'ended October 31, 1900, there
were 45 extensions, the capital involved being $6,942,000. A list of
the 74 associations Avhose corporate existence will terminate during
the coming A^ear Avill be found in the appendix. The first bank to
reach the end of its second term of corporate existence is The First
National Bank- of Findla3^, Ohio, the date of the termination being
Jul3^ 14,1902. Between that date and the end of that 3^ear 36 associations which have had their charters extended Avill expire 1)3^ limitation.
R E S T R I C T I O N S U P O N LOANS
TO
DIRECTORS
OF BANKS.
AND
EXECUTIA^E
OFFICERS
During the past year the Comptroller has made an iuA^estigation into
the matter of loans of national banks to directors and officers, with a
vicAV to gathering information bearing on a proposed amendment to
the national banking act placing additional restrictions upon such
loans. The records of this office indicate that large loans to directors
and executive officers of banks haA^e been the cause of a large percentage of the failures of national banks in the countiy, and that the
restrictions of the present law^ are not sufficient to enable the-Comptroller to properl3^ check in some cases an undue tendenc3^ of those in
executive authorit3^ to misuse their powers for personal purposes.
I t is the belief of the Comptroller that additional restrictions should
be placed upon the powder of directors and executiA^e officers of a
national bank to borrow the funds intrusted b3^ the depositors and
stockholders of a bank to their management; and an iuA^estigation into
the extent to Avhich such loans are made emphasizes the desirability of
such legislation.
In regard to the proportion of failures attributable to excessive
loans to officers, it appears that of the 370 national bank failures since
the organization of the system 5 were attributable exclusively to
excessive loans to officers and directors; 22 to excessiA^e loans to officers and directors and depreciation of securities; 8 to excessiA^e loans
to officers and directors and iuA^estments in real estate; 15 to excessive
loans to ofiicers and directors, fraudulent management, and depreciation
of securities, and 12 to excessive loans to officers, directors, and others,
and fraudulent management. In other words, 62 failures, or practicall3^ 17 per cent of the total failures, Avere due to excessive accommodations to officers and directors and the other causes mentioned.
The large percentage of these failures attributed to improper loans
to directors and officers and the consideration of a proper provision of
law to protect- the business communit3'^ hereafter led to the investigation of all directors' loans now outstanding in the national banks of the
countiy, the results of which are given herewith.
OOMPTROLLER OF THE OURRENCY.
459
This investigation shows that on June 29, 1900, the date of the
Comptroller's call for a statementof condition from the national banks
of the countiy, there were 28,709 directors of national banks, of which
18,534 were directly or indirectly indebted to national banks under
their management. The aggregate sum owed b3^ these 18,534 borrowing directors and 2,279 officers and employees who were not directors
was $202,287,441.
The total loans and discounts of the national banks of the countiy
at this time were $2,623,512,200. The liability of directors and
employees was, therefore, 7.71 per cent of this amount.
The capital stockof the national banks of the United States on.this
date was $621,536,461. The direct and indirect liability of directors,
officers, and employees of national banks, therefore, amounted to 32.55
per cent of this sum.
The stock owned in national banks by the 18,534 borrowing directors amounted to $114,759,300. The direct loans of officers and
directors amounted to $115,094,157 and their indirect liabilities to
$87,193,284.
In the New England States, Maine, New Hampshire, Vermont,
Massachusetts, Rhode Island, and Connecticut, in 563 national banks,
of $137,460,520 capital, the total number of directors on June 29,
1900, was 4,258, of which 2,668 were indebted directly or indirectly in
a sum aggregating $31,897,830.
In the Eastern States, New York, New Jersey, Pennsylvania, Delaware, Maiyland, andthe District of Columbia, in 1,001 national banks
of $204,982,745 capital, the total number of directors on June 29,1900,
was 9,127, of which 6,270 were indebted directly or indirectl3^ in a sum
aggregating $82,289,446. In the Southern States, Virginia, West Virginia, North Carolina,
South Carolina, Georgia, Florida, Alabama, Mississippi, Louisiana,
Texas, Arkansas, Kentucky, and Tennessee, in 568 national banks of
$67,149,467 capital, the total number of directors on June 29, 1900,
was 4,256, of Avhich 2,909 were indebted directly or indirectly in a
sum aggregating $23,436,304.
\ '
In the Middle States, Ohio, Indiana, Illinois, Michigan, Wisconsin,
Minnesota, Iowa, and Missouri, in 1,094 national banks of $161,698,927
capital, the total number of directors on June 29, 1900, was 7,698, of
which 4,928 were indebted directly or indirectly in a sum aggregating
$51,406,835. •
In the Western States, North Dakota, South Dakota, Nebraska,
Kansas, Montana, W3^oming, Colorado, New Mexico, Oklahoma, and
Indian Territoiy, in 384 national banks of $30,931,552 capital, the total
number of directors on June 29, 1900, Avas 2,592, of which 1,333 were
indebted, directly or indirectly, in a sum aggregating $6,690,881.
In the Pacific States, Washington, Oregon, California, Idaho, Utah,
Nevada, Arizona, and Alaska, in 122 national banks of $19,313,250
capital, the total number of directors on June 29, 1900, was 778, of
Avhich 426 were indebted, directly or indirectl3^, in a sum aggregating
$4,00.8,402.
. . .
• . .
While these tables do not necessarily indicate that national banking
officers and directors as a whole abuse their privileges, and many of
these directors' loans are among the safest owned by the creditor
banks, the Comptroller believes the tables show clearl3^ the great
importance of a properl3^ framed laAV placing additional restrictions
460
REPORT ON THE FINANCES.
and safeguards around these loans, in Avhich, the histoiy of the banking system teaches, is involved the greatest danger of the improper and
lax use of banking funds.
The necessity for some amendment to the national banking act
restricting loans by banks to their officers and employees has long
been recognized by this office, as is evidenced by the recommendations
on the subject of my predecessors in their annual reports to Congress.
While the need for such legislation has been generally admitted, it has
been found difficult to determine precisely Avhat restrictions should be
imposed, owing to the varying circumstances under Avhich such loans
are granted.
Comptroller Lacey in his report for 1891 recommended that:
' ' T h e active officers of a bank be excluded from incurring liabilities
to the association with Avhich they are connected, and that the direct
and indirect liabilities of a director be confined to 20 per cent of the
paid-up capital." .
Comptroller Hepburn in his report for 1892 recommended:
' ' T h a t the laAV be so amended as to prohibit officers or employees of
a bank from borrowing its funds in an3^ manner, except upon application to and approval b3^ the board of directors."
Comptroller Eckels in his report for 1893 recommended:
" T h a t no executive officer of a bank or employee thereof be permitted to borrow.funds of such bank in any manner, except upon application to and approval b3^ the board of directors."
In formulating proAdsions of law restricting loans to executive officers and directors it is important not to make them so unreasonable
as to drive from such serAdce the active, responsible, and honest busi-.
ness men of the country. The problem-is to devise such restrictions
for the safety of the depositors as will discourage improper loaning
to directors Avhile not injuring the depositors b3^ discouraging to too
great an extent the assumption of the duties of bank directorship b3^
the active and responsible members of the business community.
Primaril3^, the law should haA^e in view the safety of the depositors,
and it should be recognized that their safety is as much endangered
by the passage of a law which Avould drive good directors from the
service as b3^ the existence of a law Avhich does not sufficient^ restrict
the opportunit3^ of dishonest directors to abuse the powers of their
position.
It seems plain to the Comptroller that an3^ law upon this subject
should make a distinction in the nature of the restrictions upon directors who are not officers AN^hich will not involve as much of a delay in
the making of loans to them as in the making of loans to the executiA^e officers of a bank, since the latter have the greater opportunity
and latitude for improper methods in the use of trust funds.
The Comptroller gives herewith a copy of the bill introduced at
the last session of Congress by Hon. Marriott Brosius, chairman of
the Committee on Banking and Currency (H. R. 12043, Fifty-sixth
Congress, first session), which has had his careful consideration, and
the passage of which with some additions he earnestl3^ recommends.
This bill has been drawn so as to insure a greater^ degree of safety in
loans to directors and officers with what is believed to be a minimum of
inconvenience to such officers consistent with the safety of such transactions. I t properly recognizes the distinction in the relations of
directors to a bank and those sustained b3^ executive officers.
COMPTROLLER OF THE CURRENCY.
461
It will be noted that the provision made by this bill for the fixing
of a line of credit for each director in advance reduces to a minimum
the inconvenience of the greater supervision proposed. After such a
line of credit has been fixed by the board of directors for an individual
director, he will be no more hampered within that limit under the proposed law than he is at present.
A BILL for the better control of and to promote the safety of national banks.
Be it enacted hy the Senate and liouse of Representatives of the
TJnited States of America in Congress assembled^ That no national
banking association shall make any loan to its president, its Adcepresident, its cashier, or any of its clerks, tellers, bookkeepers, agents,
servants, or other persons in its employ until the proposition to make
such a loan, stating the amount, terms, and security offered therefor,
shall have been submitted in writing by the person desiring the same
to a meeting of the board of directors of such banking association, or
of the'executive committee of such board, if any, and accepted and
approved by a majority of those present constituting a quorum, and
then not in excess of the amount allowed by law. At such meeting
the person making such application shall not be present. The said
acceptance and approval shall be made b3^ a resolution, which resolution shall be voted upon by all present at such meeting answering to
their names as called, and a record of such vote shall be kept and state
separately the names of all persons voting in favor of such resolution,
and of all persons voting against the same, and how each of the persons voted. In case such proposition shall be submitted to the executive committee, the resolution and its vote thereon shall be read at
the next meeting of the board of directors and entered at length in
the minutes of such directors' meeting.
SEC. 2. That every president, vice-president, director, cashier, teller,
clerk, or agent of any such association who knowingly violates section one of this act, or who aids or abets any officer, clerk, or agent in
any such violation, shall be deemed guilty of a misdemeanor, and shall
be punished by a fine of not more than five thousand dollars, or by
imprisonment not more than five 3^ears, or by both.
SEC. 3. That the board of directors of any nationalbanking association may at any regular meeting fix by resolution the limit of credit
which shall be extended to any director, and said action of the directors shall be determined by a yea and nay vote, and the names of those
voting for and against shall be entered of record in the books of the
association. Within the limit of this credit and in the discretion of
the executiA^e officers of the association loans may be made to directors
without other action by the board. When, however, such limit of
credit has not been previously fixed by the action of the board, no loan
to a director shall be made unless approved by the board or the executive committee of the bank in the method provided herein for loans to
executive officers or in the following manner: An application for a
loan, not in excess of the amount allowed by hiAV, to a director ma3^ be
submitted in writing b3^ the director desiring the same to not less than
t V additional directors, who shall signify in writing their approval
AO
of the acceptance by the bank of said application. A loan to a director
ma)^, in the discretion of the executive officer of the bank, be made in
accordance with such Avritten application, accompanied b3^ the written approval of two additional directors as aforesaid. At the time
462
REPORT ON THE FINANCES.
such loan is made said application and approval shall be entered at
. length in a record book of the bank and shall be read at the first meeting of the directors following the making of said loan. Any national
banking association making a loan to any director in violation of the
provisions of this section shall forfeit to the United States a sum equal
to double the amount of interest charged by said bank upon such loan,
the same to be collected by the Comptroller of the Currency and paid
into the Treasuiy of the United States.
SEC. 4. That each report of every national banking association made
to the Comptroller of the Currency in accordance with the provisions
of section fifty-two hundred and eleven of the Revised Statutes of the
United States shall exhibit in a schedule to be added thereto, under
such classifications and in such forms as the Comptroller of the Currency may direct, the amount of debts due or to become due to such
association from its president, vice-president, each of its directors, and
from its cashier and any of its clerks, tellers, bookkeepers, agents,
servants, or other persons in its employ, as principals, indorsers, sureties, guarantors, or otherwise, in a separate item from the other assets
of said bank, and shall also state separately the amount of all debts to
such association which are past due and remain unpaid by the aforesaid parties: Provided., That nothing contained in this act shall require,
or be deemed to require, or permit the publication of such schedule of
the debts due.or .to become due to such association from each of its
directors or officers or employees in any statement published in a newspaper as now required bylaw. No such association shall permit its
president, its vice-president, its cashier, or any of its clerks, tellers,
bookkeepers, agents, servants, or other persons in its employ to become
liable to it by reason of overdrawn account.
SEC. 5. That section fifty-two hundred of the Revised Statutes of
the United States be amended so as to read as follows:
" SEC. 5200. The total liabilities to any association of any person or
of any company, corporation, or firm for money borrowed, including
in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of
the capital stock of such association actuall3^ paid in. B u t the discount of hills of exchange draion in good f a i t h against actually existing
vahces^ and the discount of commercial or husiness paper actually oioned
hy the person negotiating the same shall not he considered as money horrowed: [see note] Provided^ That the restriction of this section as
to the amount of total liabilities to any association of any person, or of
any company, corporation, or firm for mone3^ borrowed shall notappl3^
Avhere a loan in excess of one-tenth part of the capital stock shall be
less than tAvo per centum of the total assets of said bank at the time of
making said loan. Said loan shall be at all times protected by collateral security equal to or greater in value than the excess in the amount
of said loan over one-tenth of the capital stock."
NOTE 1.—The provision of the bill printed in italics and Avhich is a
part of section 5200, U. S. R. S., as it stands at present is omitted in
H. R. 12043, but in the judgment of the Comptroller should be allowed
to remain in its present form.
NOTE 2.—A penalty should be provided for infractions of this section, either personal in its nature or of double the amount of interest
charged on such loan, with a method prescribed for collection of such
penalt3^
463
COMPTROLLER OF THE CURRENOY.
L I A B I L I T Y A S PAA^ERS, I N D O R S E E S , E T C . , O F N A T I O N A L - B A N K D I R E C T O R S , O F O F F I CERS AND E M P L O Y E E S O T H E R T H A N D I R E C T O R S ; A G G R E G A T E L O A N S A N D D I S C O U N T S
AND C A P I T A L S T O C K ; P E R C E N T A G E O F L I A B I L I T Y A S P A Y E R S A N D I N D O R S E R S , O P
DIRECTORS, OFFICERS, AND EMPLOYEES; TOTAL N U M B E R OF DIRECTORS; N U M B E R OF
B O R R O W I N G D I R E C T O R S , O F F I C E R S , ETC. ; N U M B E R O F S H A R E S O W N E D B Y B O R R O W I N G
DIRECTORS AND BY OTHER OFFICERS AND EMPLOYEES; TOTAL NUMBER OP B A N K S '
S H A R E S , A T P A R O F $100, ON J U N E 29, 1900.
Liability as payers.
Liability as indorsers.
Numberof
banks.
Directors.
New England States
Eastern States
...
Southern States
Middle States
Western States
Pacific States
563
1,001
568
1,094
384
122
$18,375,992
46,995,599
12,810,718
27,641,516
4,522,154
2,938,108
$242,172
610,825
234, 611
593,975
69,901
58,586
S13,521,838
35,293,847
10,625,586
23,765,319
2,168,727
1,070,294
$117,016
284,849
174,789
132,259
21,726
17,034
Total United States..
3,732
113,284,087
1,810,070
86,445,611
747, 673
Geographical divisions.
Total
Total
Total
Total
Total
Total
Total liability of directors,
officers, and employees.
Geographical divisions.
As indorsers.
As payers.
Per
cent of
Per cent liaPer cent of lia- bility
of liaTotal loans bility as bility as as payand dispayers indors- ers and
counts of of direct- ers of di- inbanks.
ors, offi- rectors, dorsers
of dicers, etc, officers, rectors,
etc.
officers,
etc.
New England States
Eastern States
Southern States
Middle States
Western States
Pacific States
$18,618,164
47,606,424
13,045,329
28,235,491
4,592,055
2,996,694
$13,638,854 $407,260,965
35,578,696 1,151,623,418
10,800,375 205,903,624
23,897,578 687,882,472
2,190,453 112,969,070
57,872,650
1,087,328
Total United States.
Total
Total
Total
Total
Total
Total
115,094,157
4.57
4.13
6.34
4.11
4.06
5.18
Per
cent of
liability as
Total cap- payers,
ital stock. of directors,
officers,
etc.
Per
cent of
liability as
indorsers, of
directors,
officers,
etc,
Per
cent of
liability as
payers
and indorsers,
of directors,
officers,
etc.
New .England States
Eastern States
Southern States
Middle States
Western S t a t e s . . . . . .
Pacific States
$137,460,520
204,982,745
67; 149,467
161,698,927
30,931,552
19,313,250
13.54
23.22
19.43
17.46
14.85
15.52
9.92
17.36
16.08
14.78
7.08
5.63
23.46
40.58
35.51
32.24
21.93
21.15
Total United States .
621,536,461
18.52
14.03
32.55
Total
number of
directors.
4,258
9,127
4,256
7,698
2, 592
778
3.35
3.09
5.24
3.47
1.94
1.88
7.92
7.22
11.58
7.58
6.00
7.06
3.32
87,193,284 2,623,512,200
Geographical divisions.
Total
Total
Total
Total
Total
Total
Officers and
employees,
other than
directors.
Officers and
employees,
other than
directors.
7.71
Number of
shares
Number owned
Num- of shares by borber of owned by rowing
borrow- borrow officers,
ing di- ing dietc.,
rectors. rectors. other
than
directors.
2,668
6,270
2,909
4,928
1,333
426
110,182
368,302
161,807
376,178
94, 970
36,154
28,709 I 18,534 1,147, 593
• 130
319
520
828
387
95
2,279
G E N E R A L L I M I T A T I O N O F LOANS.
With the provisions of the national banking laAV as they are at present
the proposal to add restrictions upon a certain class of loans unavoidably
involves the discussion of the desirability of a change in the present
provisions restricting other loans of national banks. It is essential
that the Comptroller be given some practicable remedy to enforce
restrictive provisions and that the present provision should be so
464
REPORT ON THE FINANCES.
altered as to make its enforcement a matter of greater public adA^antage. The concurrent discussion of the present provision limiting
loans to a single individual to 10 per cent of the capital stock of a bank
and the proposed provision to limit and safeguard loans to directors
and officers, will serve to show them in their true relations and to indicate the great importance of a reformation of the national banking law
in this connection.
The provision of the present law limiting the amount which can be
loaned to any one individual or corporation in order to insure a general distribution of loans, and to prcA^ent an improper concentration
of a bank's funds in the hands of a few borrowers, is as follow^s:
' ' S E C , 5200. The total liabilities of an3^ association, of any person,
or of any company, corporation, or firm, for money borrowed, including in the liabilities of a compan3^ or firm the liabilities of the several
members thereof shall at no time exceed one-tenth part of the amount
of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good faith against actually existing A^^alues, and the discount of commercial or business paper actually
owned by the person negotiating the same shall not be considered as
money borrowed."
In m3^ report for 1898 I discussed in detail the amendment to this
section Avhich seems essential, and I reincorporate here the text of that
discussion, having altered the accompanying tables and statistics to
conform with the latest reports received from the national banks of
the countr3^
"Almost as if in admission of the fact that this provision is unscientific and ill adapted to carry into practical effect the great principles
of protection to depositors and shareholders, subserved by generall3^
distributed and safe loans, the present law provides no specific penalty
against individuals which the Comptroller can apply for violations of
this section in the making of excessive loans where such violations do
not affect the solvency of the bank nor justify the appointment of a
receiver."
A United States court, under the general provision of the law
providing for the forfeiture of the franchises of a bank for any violations of the banking act,.might adjudicate the question of fact as to
such violation, but could apply no other remed3^ than forfeiture of
franchise.
Since the institution of the national banking system the violation of
this provision has been common, and the Comptroller, though allowing* no known violation to escape his written protest, finds great
practical difficulty in his endeavors to enforce this requirement...
On June 29, 1900, the date of a call by the Comptroller for statement of condition of national banks, 1,575 banks of the 3,732 banks that
were active on that date, constituting nearl3^ tAvo-fifths of the entire
number of banks in the system, reported loans in excess of tho limit
alloAved by section 5200 of the Revised Statutes of the United States.
The principles underlying the present provision of the law are as
valuable to° depositors and shareholders in their application to the
banks of larger communities as to the banks of smaller communities;
but the observance of this provision, while not interfering with the
current requirements of either of the banks or the public in smaller
communities, proves an almost insurmountable obstruction to the
business of our larg^er cities.
OOMPTROLLER OF THE CURRENCY.
465
The present need is for an amendment to this provision which,
, while compelling, undei' penalty, the safe and proper distribution of
loans of larger banks, will enable them to loan more nearly the same
per cent of their total assets which the present provision allows to
small banks. In this way the officers of larger banks can supply the
proper needs of the larger communities without disregarding the law,
and the Comptroller can hold them under personal penalt3^ to strict
obserA^ance of the amended laAv, which when disregarded Avould indicate improper distribution of loans, something which infractions of
the present provisions in the case of many banks do not necessaril3^
indicate.
The greater ratio borne by banking resources to banking capital in
the larger communities, as compared with a like ratio in smaller communities, is responsible for the defective and' unequal Avorking of the
present provision.
The average ratio of resources to the average capital of the 44
national banks in the city of New York is as 17.5 is to 1; of the 16
national banks in Chicago as 14.2 is to 1; of the 6 national banks in
St. Louis as 8.2 is to 1; of the 266 national banks in other reserve
cities as 9 is to 1; while in the 3,400 countiy banks the ratio is but as
6.1 is to 1.
The law limiting loans to 10 per cent of the capital, when applied
to the 3,400 banks of the smaller communities of the countiy, as a
whole, would allow the loaning of 1.56 per cent of their total assets to
one individual. As compared with this, the banks of the city of New
York, on the average, could not loan over fif ty!-seven one-hundredths of
1 percent of their total assets to an3^one individual; the banks of Chicago not OA^er seventy one-hundredths per cent of their total assets;
the banks of St. Louis not over 1.21 per cent of their total assets; the
banks of other reserA^e cities not over 1.10 per cent of their total
assets.
In other words, the proportion of their assets which the country
banks of the United States can loan, in strict compliance with section
5200, to one individual, is f ort3^-six one-hundredths of 1 per cent greater
than in 266 reserve cities, thirty-five one-hundredths of 1 per cent
greater than in St. Louis, over twice as great as in Chicago, and nearly
three times as great as in the city of New Yotk.
This provision, as it stands at present, constitutes an incentive to the
making of loans the larger in proportion to the total assets of banks in
smaller communities, where, as a rule, large loans which are safe are
the most difficult to secure, while in the larger business centers of the
countiy, where commercial conditions create a certain demand both
from banks and borrowers for large and safe loans, its effect is the
reverse to such an extent as to be injurious.
A bank with smaller loans is not necessarily a bank with more distributed and safe loans. A bank with ^lOCjOOO capital and $100,000
deposits, the latter being loaned in the maximum amounts allowed by
the present provision (to wit, to 10 individuals at $10,000 each), has not
as well-distributed loans as a bank of $1,000,000 capital and $5,000,000
deposits, the latter loaned to 50 people at the maximum of $100,000
each. In the former case the loans are distributed among only 10 people and in the latter case among 50 people, and yet in each case there
is strict compliance with the 10 per cent restriction.
ril900.
30
466
REPORT ON THE FINANCES.
One of the objects evidently designed to be subserved by the present
provision of the law was the protection of the capital of a bank, as •
distinguished from other assets of the bank.
The framers of the section undoubtedly considered the capital of a
bank as a greater safeguard for the depositors against loss when not
over one-tenth part of it was loaned to a single individual or corporation without security. The3^ recognized the fact, however, that when
outside security was had for loans the capital did not need for its protection the 10 per cent restriction, and the3^ provided accordingly for
the exemption from the restriction of a certain class of secured loans,
as follows:
" B u t the discount of bills of exchange draAvn in good faith against
actuall3^ existing values, and the discount of commercial or business
paper actually owned by the person negotiating the same, shall not be
considered as money borrowed."
In the modification of section 5200, which we will recommend, we
invoke the same principle of outside security for the protection of the
capital against loss upon loans exceeding the 10 per cent limit.
The size of a loan is of itself no indication of its strength or weakness. If the size of a loan is not such as to be an undue concentration
of the assets of a banking institution in the hands of one individual or
corporation, thus depriAdng its creditors and shareholders of the safety
of the law of average, it is not wise, either upon economic grounds or
upon grounds of public policy, to forbid it by law.
If, however, the size of a loan is such as to cause such undue concentration, its prevention is justifiable on both grounds.
Recognizing these truths, it is the easier to understand Avhy in many
instances a strict compliance with this provision of the law (section
5200, Rev. Stat. U. S.) is consistent Avith all the needs of the current
business of a small community and a proper protection to both banks
and the public, yet in some larger communities it seriously interferes
with the business requirements of both the banks and the public, and
adds in no way to the safety of the depositor.
The limit of the amount of single loans to an arbitrary percentage
of either the capital or the sum of the capital and surplus of a bank
does not insure a general or proper distribution of loans in all cases.
Since, as stated before, the size of a loan is not, per se, related to its
safety, the more important proportion to consider when endeavoring
to regulate the distribution of loans b3^ law is that of the amount of
the loan to the total assets, rather than that of the loan to the amount
of the capital.
Grounds of public polic3^ suggest as advisable the largest libert3^ in
loans not inconsistent with the absolute safety of the depositor.
The habitual disregard of the present provision by the officers of so
many banks interferes with the proper supervision of the banks by
the Comptroller and tends to create indifference to the other restrictions of the national banking law.
The failure of the present law to provide the power to apply a penalty for the making of excessive loans sometimes embarrasses the
Compl^roller in endeavoring to check tendencies toward recldessness
in loaning, which point to the ultimate ruin of a banking institution.
As before stated, the present provision, when properly altered,
should allow the banksof larger communities to have more nearly the
privilege of loaning a given per cent of their total assets to one indi
COMPTROLLER OF T H E
467
CURRENCY
vidual, which now belongs, under a strict compliance with the present
provision, to the banks of the smaller communities. From this privilege they are now debarred by law.
The desired results can be obtained, in our judgment, by adding,
after the words, in section 5200, "shall at no time exceed one-tenth
part of the amount of capital stock of such association actuall3^ paid
in," the following words:
''Provided.^ That the restriction of this section as to the amount of
total liabilities to an3^ association of any person, or of any company,
corporation, or firm, for money borrowed shaill not apply where a loan
in excess of one-tenth part of the capital stock shall be less than 2 per
cent of the total assets of said bank at the tinie of making said loan.
Said loan shall "-be at all times protected \)j collateral securit3^ equal to
or greater in value than the excess in the amount of said loan over
one-tenth of the capital stock."
A strict penalty enforceable by the Comptroller should then be provided for infractions of the amended section by the officers of banks
to enable the Comptroller to successfully eniforce general and strict
compliance Avith its terms.
The suggested amendment will make section 5200 just and equitable
in its relation to all national banks and to, all communities of 'our
countiy, large and small, which it is not at present.
I t would not lessen the amount which the' smaller banks can now
loan in compliance with the section as it stands at present. At the
same time it would not allow the larger banks to loan to any one individual or corporation more than 10 per cent of the capital, unless such
loan, in addition to being secured for the excess, would not amount to
a greater per cent of the total assets than is consistent with the safe
distribution of loans and the resultant protection to depositors.
Section 5200, thus amended, will not interfere, as at present, with
the right of the banks in the larger communities to meet the legitimate
requirements of business in these commercial centers. It will enable
the Comptroller, b3^ its enforcement, to prevent any undue concentration of loans and conserve their general distribution.
Under the section thus amended the capital of a bank will be protected, inasmuch as no loan in excess of the 10 per cent limit can then
be made, except upon proper collateral security.
The penalty clause will enable the Comptroller not only to limit the
size, but to enforce the securing of excessive loans.
The following table shows the inequality of thepresent law in its
practical effects upon the banks of larger and smaller communities, so
far as the possible distribution of loans is concerned:
Banks i n -
New York City
Chicago . .
St. Louis
All central reserve
cities ".
other reserve cities..
Country banks
UnitedStates
Number
of banks Average resources.
June 29,
1900.
44
16
6
66
266
3,400
3,732
Average
capital.
$24,188,833 $1,381,818
16,458,878 1,153,125
15,651,533 1,900,000
21,503,817
5,068,585
640,197
1,324,803
1,373,485
561,821
103,092
166,542
Maximum Ratio of. Average maximum
average average re- loan to average
loan, 10 per sources to
resources now
cent of cap- average
allowed by secital.
capital.
tion 5200.
$138,181 17.5 to 1 f-ijs of 1 per cent.
115,312 14.2 to 1 •^% of 1 percent.
190,000 8.2 to 1 1.21 per cent.
137,348
56,182
10,309
16,654
15.6
9.0
6.1
8.0
to
to
to
to
1
1
1
1
f/tr o f l per eent.
1.10 per cent.
1.56 per cent.
1.21 per cent.
468
REPORT ON THE FINANCES.
For the purpose of ascertaining the general result of the suggested
amendment to section 5200, United States Revised Statutes, an examination has been made of the reports of condition of thenatlonal banks,
of date June 29, 1900. In the following table is set forth the number
of banks in reserve cities named on June 29, 1900, number of loans
in excess of the legal limit, loans which would be excessive if allowed
to the limit of 2 per cent of the total resources, and number of banks
in which loans equaling 10 per cent of their capital would be greater
than 2 per cent of total assets, the loaning power of which the proposed limit would not increase. The table shows similar information
relatiA^e to 100 banks selected at random from A^arious sections of the
country and also the total number of separate loans and discounts of
such banks and of those located in the reserA^e cities on. November 12,
1900:
Number of
banks in which
loans equaling '
cent of
Number of 10 per capital
their
Total num- Number of loans in
Avould be
Num- [ber of loansi excessive excess of
greater than
ber of outstand- loans underj the pro- 2 per cent of total
banks. ing Nov. 12, section
posed
1900.
2 per cent assets, the loan-,
5200.
ing power of
limit..
which the proposed limit
would not increase.
Cities.
New York City
Chicago
St. Louis
38,102
23,272
9,967
66
Total
812
47
156
ISO
30
28
4
67
8
27
19
43
3
6
6
10
4
6
15
60
16
6
11
29
10
14
5
2
5
3
13
19
6
3
1
6
2
2
4
6
0
1
3
1
0
1
3
2
, 1
0
5
2
3
3
3
219,216
Total of all reserve cities.
Country
Total
71,341
33,269
4,794
3,576
26,463
18,345
17,955
9,808
1,532
5,019
7,560
1,671
18,510
13,019
5,082
4,987
6,180
5,743
3,002
2,800
2,202
6,999
891'
2,020
5,032
4,875
3,805
2,687
1,390
Total
Boston
Albany
Brooklyn
Philadelphia
Pittsburg
Baltimore
Washington, D.C
Savannah
New Orleans
Louisville
Houston
Cincinnati
Cleveland
Columbus
Indianapolis
Detroit
Milwaukee
Des Moines
St.Paul
•
Minneapolis
Kansas City
St. Joseph
Lincoln
Omaha
Denver
San Francisco
Los Angeles
Portland, Oreg
7i)7
86
19
,-
332
100
290,557
55,052
1,704
301
266
226
432
345,609
2,005
492
122
92
COMPTROLLER OF THE CURRENCY.
RECOMMENDATIONS
OF PROVISIONS REQUIRING THE
OF GENERAL CASH RESERVE.
469
STRENGTHENING
The question of those laws which affect the right of one national
bank to consider as a cash resource a deposit in another national bank,
called its reserve agent, is one of great importance and iuA'^olves the
most fundamental principles of safe banking. The extent to which
the reserve of one bank can safely be represented by what is practicall3^ a loan to another bank, instead of b3^ cash in its vaults, is a
proper subject for consideration at this time, in view of the financial
experiences through Avhich this countiy has passed during the past
few 3^ears.
In times of financial crisis, such as 1893, when there, are widespread
withdrawals in currency, not only in reserve cities, but throughout
the countiy, the reserve cities are subjected to a strain which endangers
the stability of the entire banking S3^stem.
The reserve banks, as a rule, recognizing the instability of bank
balances, must loan a large proportion of their money on call. To
secure sufficient call loans they must go to the speculatiA^e exchanges,
and the injurious results of that practice are easily understood.
I t is only by loaning money on speculative securities that the banks
are enabled to pay the high rates of interest on bank-deposit balances
which form the attraction to the country banks for the deposit of so
much larger a portion of their funds in New York than is needed
for the clearance of exchange. During the summer of 1899 there
occurred a marked demonstration of the evil effects of this practice
upon the legitimate business of the countiy. At that time there was
a marked slackening in the demand for money in the interior of the
countiy, and the banks of that section found it difficult to safel3^ loan
their funds. As a result, the interest paid by Eastern reserve agents
upon deposit balances attracted an immense surplus to New York and
other Eastern cities.
This redundanc3^ of money in New York and the Ea;st and the ease
with which loans upon speculative collaterals were there obtained
immediatel3^ created a speculatiA^e movementiin stocks, which was-carried on with a constantl3^ rising range of prices until the fall of last
year. At that time the crop movement in; the West and the rising
rate of interest there led the banks of the interior to draw upon their
balances in New York and to order the shipment of large amounts of
currency as against these balances. It is to be noted that at the time
these demands took place the business of the country was in a prosperous condition, Avith a tendency toward an increase in general prices
and in the wages of labor. There was no lack of confidence in the
countiy and nothing which indicated panic; conditions, and 3^et this
demand b3^ the banks of the West for the shipment of currency on
deposit with reserve agents resulted in a panic upon the stock exchange
of New York, Avhich instantly became a grave menace to the entire
business of the countiy.
In the abnormal demand for money created by this panic on the
Stock Exchange the ordinary credits to the legitimate business and
commercial enterprises of the country were necessarily curtailed by
the banks, and unquestionably great damage: would have been done to
such interests had not the Secretaiy of the Treasuiy, seeing the possi
470
REPORT ON THE FINANCES.
bility of evil to the country at large, interfered to prevent a rapidly
increasing stringency in the mone3^ market.
I t is to be remembered, of course, that the exchange business of the
interior banks will always necessitate large deposit balances in New
York and other reserve cities, and that at certain seasons of the year
abnormally large balances of idle funds may be attracted to different
parts of the countiy, following higher interest rates. But it is suggested that public polic3'^ demands that banks of the country should
not be allowed to deposit with other banks so large a portion of that
fund which in theory is regarded as sacredly devoted to the protection
of the interests of the depositors. They should be compelled to hold
a larger portion of this fund in cash in their vaults, so that it can
alwa3^s be dcA^oted to its proper use be3^ond peradventure.
In the panics of 1873 and 1893 and on other occasions the New York
banks for a considerable time refused to ship currenc3^ in response
to demands from banks in the interior, showing in the extreme test
of panic that the reserA^e Avhich had beeii counted as cash by the banks
of the country was not, in fact, at all times aA^ailable to enable them
to meet the demands of their depositors. While restrictions placed
upon the power of banks to count as banking reserve so large a proportion of mone3^ on deposit in reserve cities will not have the effect
of preventing speculative transactions in money centers, it will not
have a tendency to encourage them to so great an extent as does the
present law, at.a risk at times to the best interests of legitimate business and at the cost of weakening the banking system as a whole by
creating too great- a disproportion between the aggregate cash
resources and aggregate deposit liabilities.
It is to be remembered that so far as the abilit37' of the banks to
serve the public is concerned it will not be impaired by smaller
balances in reserve cities. The banks of necessity must furnish
exchange, and will accordingly keep the balance with correspondents
necessaiy for such purpose. The permission given by the law to the
bank to count as a part of their cash reserve a balance with their
reserve agent is primarily for the purpose of convenience and profit
for the banks, and not for the convenience of the public in any of its
relations to the bank.
The Comptroller believes that under the present law regarding
reserve cities too great latitude is now given the banks in connection
with the use of the reserve, the primary object of which is the protection of the depositors of the banks, and he recommends that amendments to the laws be passed requiring that a larger proportion of the
reserve should be kept in cash in the vaults of the bank. Considering
the banking system as a whole, the present ability of banks to use
credits with reserve banks as a basis of loans creates too great an
extension of aggregate deposit credits as compared with aggregate
cash resources, which, in times of liquidation and financial panic,
increases the necessity upon the banks of demanding payment of loans
from the community and adds to the demoralization of business incident to such period. By increasing the restrictions upon the right of
banks to count deposits with reserve agents as cash, a firmer and safer
foundation will be built under the deposit credits of the country, ahd
it is the belief of the Comptroller that in times of liquidation the
greater strength of the banks Avill more than compensate them for
COMPTROLLER OF THE CURRENCY.
471
the loss of the small amount of interest on a portion of their balances
which may be due to a change in the present law.
I t is therefore recommended that section 5192 of the Revised
Statutes of the United States be amended so that under its provisions
but one-fifth instead of three-fifths of the reserve of 15 per cent
required by law to be kept by banks not reserve agents may consist of
balances due from reserve banks; and that section 5195 of the RcAdsed
Statutes of the United States, which authorizes banks in smaller reserve
cities to keep one-half of their lawful money reserve in cash with central reserve cities, be repealed.
RECOMMENDATION AS TO FEES FOR NATIONAL-BANK EXAMINATIONS.
The Comptroller repeats the recommendation made by his predecessors, that the present law should be so araended as to provide fixed
salaries for bank examiners, to be paid from; a fund collected from the
banks, to take the place of the fee S3^stem now in force. The amountallowed, an examiner for the examination of smaller banks is not sufficient to compensate him for the time necessaiy, in many cases, for an
extended examination. The present system encourages to too great
an extent superficialit3^ in examinations, and interferes greatly with
the proper and wise apportionment of time of examiners among the
different banks.
INTERNATIONAL AND INTERCOLONIAL BANKS AND REPORTS AS TO BANKING SYSTEMS IN PORTO RICO, HAAVAII, AND THE PHILIPPINES.
The rapid growth of business between the United States and its new
island territoiy and the increasing commerce, of the countiy with South
America emphasizes the need of laws authorizing and regulating banks
for the transaction of international and intercolonial banking, to which,
in his last two annual reports, the Comptroller has already called
attention.
Under the necessities of trade such institutions are springing into
existence, and they are at present under little or no supervision in the
interest of the public. A law properly framed to regulate such banking can not be enacted too soon, both for the purpose of public protection and for assuring to institutions contemplating entering this
business a stable legal basis.
In connection with the detailed reasons for the passage of such legislation and a statement of its important relation to the business welfare
of our nation, which were outlined in the former reports of the Comptroller, special attention is called to the information as to the banking
systems of the Philippines, Porto Rico, and Hawaii, contained in the
appendix to this report. Through the action of Congress the national
banking act is noAv in force in Hawaii and Porto Rico, but no provision
has been made for the intercolonial banking essential to trade interests,
and for the supervision in the interest and protection of the public of
such native banking institutions as were in existence upon pur accession to sovereignty of these islands.
Only one national banking institution has been incorporated under
present law for the purpose of transacting business in the islands, to
Avit, The First National Bank of Hawaii, at Honolulu, H. I,, with a
capital of $500,000.
472
REPORT ON THE FINANCES.
This Avhole subject is one of great and immediate concern and should
have the prompt attention of Congress.
For the purpose of securing such a statement of banking conditions
in our island possessions as would indicate the nature and scope of
the problem of a proper governmental superAdsion, the Comptroller
addressed the folloAving letter to Hon. Elihu Root, Secretaiy of War,
and a similar letter to Hon. Charles H. Allen, governor of Porto Rico,
and Hon. Sanford B. Dole, governor of Hawaii:
TREASURY DEPARTMENT,
OFFICE OF THE COMPTROLLER OF THE CURRENCY,
Washington., D . G., August 10., 1900.
SIR: The national banking act makes it the duty of the Comptroller
of the Currency to make a statement in his annual report to Congress
as to the resources and liabilities of the banking systems of the United
States other than national, and it seems desirable that I incorporate,
if possible, in my next annual report information as to the existing
banking institutions of the Philippine Islands, including such-financial
statements of their condition as it is possible to obtain from them. In
my last report to Congress I republished extracts from the report of
Mr. EdAvard W. Harden, special commissioner of the United States,
who was sent b3^ the Treasuiy Department to make a report upon the
industrial and financial condition of the Philippines.
Had I any appropriation aA^ailable for the purpose I would not
hesitate to make an independent investigation, but as I have not, the
purpose of this letter is to ascertain whether or not it is possible for
you, legally and consistently with the interests of your own Department, to detail some one of 3^our present force in the Philippines who
would be competent therefor, to obtain statements of the condition of
all the different banking institutions in the islands, and as complete a
statement as possible of the laws under which such institutions have
been incorporated or noAV exercise their power. It would be especiall3^
desirable in this connection to haA^e an exact statement relative to an3^
privileges of currenc3'^ issues which are possessed by any of these
banks.
In view of the general interest manifested in financial conditions in
the Philippines and the large and general circulation of the reports
of the Comptroller of the Currenc3^ among the business men of the
countr3^, it would seem appropriate that such information gathered by
your representatiA^es be used therein. I t is understood^ of course,
that an3^ matter furnished will be printed as originating from your
Department. If it is possible for 3^ou in any way to extend to this
office such service and courtesy, I should be greatly obliged.
Respectfull3^,
CHARLES G . DAAVES, Comptroller.
Hon.
E L I H U ROOT,
Secretary of War, Washington., D. C.
Through the courtesy of these officials and in response to this request
much information has been furnished, and is printed in the appendix.
The subject is one of such vast importance, presenting so many complex and new problems in finance and banking, both domestic and
intercolonial in nature, that, as preliminary to any step toward legislation by Congress, a commission should be established to investigate
COMPTROLLER OF THE CURRENCY..
473
and study local conditions and to report upon the nature of the banking legislation best adapted for the interests of this countiy and her
new possessions.
The Comptroller earnestl3^ renew^s his former recommendations to
this effect.
THE CURRENCY ACT OF MARCH 1 4 , 1 9 0 0 .
The currency act approved March 14, 1900, entitled " A n act to
define and fix the standard of A-alue, to maintain the parity of all forms
of money issued or coined b3^ the United States, to refund the public
debt, and for other purposes," contains several amendments to the
national-bank act, one of them being a measure which adds a greater
element of flexibilit3^ to national-bank currency. Section 9 of the act
of Jul3^ 12,1882, provides " T h a t any national banking association now
organized, or hereafter to be organized, desiring to withdraw its circulating notes, upon a deposit of lawful mon^y with the Treasurer of
the United States * '^ * is authorized to deposit lawful *mone3^
and withdraw a proportionate amount of the bonds held as security for
its circulating notes in the order of such deposits; and no national
bank which makes an3^ deposit of laAvf ul money in order to withdraw
its circulating notes shall be entitled to receive any increase of its circulation for the period of six months from th^ time it made such deposit
of lawful money for the purpose aforesaid: Provided.^ That not more
than three millions of dollars of lawful money shall be deposited during an3^ calendar month for this purpose."
The ^currenc3^ act repeals that portion of the foregoing section prohibiting any national bank, Avhich makes a deposit of lawful mone3^ in
order to withdraw its circulating notes, from receiving any increase
of its circulation for the period of six months from the time of making
the deposit for that purpose. In other Avords, national-bank circulation may be increased or reduced as frequently and in such amounts
as ma3^ be desired, having regard to the $3,000,000 monthly reduction
limit and the bonds deposited. The act also entitles every national
bank to receive from the Comptroller of the Currency circulating
notes, in blank, to the par value of the bonds deposited, not exceeding, however, the paid-in capital stock, but restricts the issue of notes
of the denomination of $5 to one-third in amount of its total issues.
The act further provides for a reduction of the semiannual duty on
circulation of from one-half to one-fourth of 1 per cent on the average amount in circulation where secured by a deposit of consols of
1930, authorized to be issued in exchange for 5 per cents of 1904, 4
per cents of 1907, and 3 per cents of 1908., Notes secured by other
classes of bonds are still subject to the semiannual duty of one-half of
1 per cent.
The minimum amount of capital with which a national banking
association can be organized under the natibnal-bank act is $50,000,
and then only in places the population of which does not exceed 6,000
inhabitants. By the act of March 14 it is provided that a bank with
not less than $25,000 capital may be organized in any place the population of which does not exceed 3,000 inhabitants.
Paragraph 6 of the currency act repeals section 5193 of the Revised
Statutes of the United States, which latter section authorized the Secretary of the Treasuiy to receive United Staites notes on deposit, without interest, from an3^ national banking association, in sums of not
474
REPORT ON THE FINANCES.
less than $10,000, and issue certificates therefor in such form as he may
prescribe, in denominations of not less than $5,000, and pa37^able on
demand in United States notes at the place where deposits were made.
The certificates issued Avere authorized to be counted as part of the
lawful money reserve of the association to which issued, and accepted
in settlement of clearing-house balances at the places where the deposits therefor were made.
ORGANIZATION, ETC., OF NATIONAL BANKS AND OPERATION OF LAW OF
MARCH 14, 1900.
Immediately prior to the passage of the currency act there were in
operation in the countiy some 13,900 incorporated banks, banking
institutions, ando private banks, of which 3,617 were national; 5,722
State banks and trust companies; 701 saAdngs banks without capital
stock, and about 3,860 priA^ate banks and bankers. Eliminating the
mutual savings banks and trust companies, the principal business of
these classes of institutions being of a character incompatible with that
.of commercial banks, there are remaining over 7,000 banks of discount
and deposit, including private banking concerns which might convert
or reorganize as national banks upon compl3dng with.the statutory
requirements.
In anticipation of and as a result of the passage of the currency law
passed March 14, 1900, approximately one thousand informal applications for authority to organize national banks haA^e been filed with the
Comptroller of the Currenc3^ Under office rulings, to meet with
approval, applications must indicate the title, location, and capital of
the proposed bank, contain the signatures of at least five prospective
shareholders, and bear satisfactory indorsement. Formal applications
to the number of 509 were approved between March 14 and October
31, of which 382 were for banks with capital of less than $50,000 and
127 with capital of $50,000 or more. Eighty of the applications were
from State banks proposed to be converted under the provisions of
section 5154 of the Revised Statutes of the United States; 173 from
State or private banks proposed to liquidate for the purpose of reorganization under the national banking law, and 255 from those contemplating primary organizations. Since October 31,1899, 383 banks
with authorized capital of $20,025,000 have been chartered, of which
348 were authorized to begin business between March 14 and October
31, 1900.
Of the 35 banks organized between October 31 and March 14,1900,^
5, Avith total capital of $250,000, were conversions; 5, total capital
$300,000, reorganizations of State and private banks, and 25, with
capital of $2,000,000, primary organizations. Sixty-two of the banks
organized since March 14, with capital of $4,560,000, were conversions, of which 43 were with capital of less than $50,000, and 19 with
capital of $50,000 or over. One hundred and twenty-three, Avith capital-aggregating $5,605,000, were reorganizations of State and priA^ate
banks, 89 of the number being, with capital of less than $50,000, and
34 with capital of $50,000 or over. There Avere 163 banks of primary
organization capitalized in the sum of $7^310,000. Of the latter class
117 Avere with capital of less than $50,000, and 46 with capital of
$50,000 and OA^er. Of the total number of banks organized since
March 14, 208, with capital aggregating $5,200,000, Avere banks with
475
COMPTROLLER OF THE CURRENCY.
capital of $25,000 each; 41, with total capital of $1,375,000, banks Avith
capital of over $25,000 and less than $50,000; 62, with capital aggregating $3,100,000, banks with individual capital of $50,000, and 37,
total capital $7,800,000, banks having a capital of $50,000 or over. The
bonds deposited by organizations during this period amounted to
$5,348,200, or only about 30 per cent of the maximum which might
be deposited. In the following table is shown in detail the information herein referred to with respect to organizations during the period
beginning Avith March 14 and terminating on October 31, 1900.
NUMBER OF NATIONAL BANKS ORGANIZED FROM MARCH 14 TO OCTOBER 31,
Capital
$25,000.
states.
No.
1
1
2
Maine
New Hampshire
Connecticut
Amount.
Capital over
o v e r $25,000 a n d
less t h a n $50,000.
No.
Amount.
• $25,000
25,000
50,000
Amount.
1
$50,665
1
•50,000
1
60,000
107, O O . 10
Q
1
No. A m o u n t .
1
50,000
4
100,000.
New Y o r k . . .
New Jersey
Pennsylvania
Delaware
Maryland
5
3
19
1
3
125,000
75,000
475,000
25,000
75,000
2
2
3
Total
31
775,000
7
227,OOP
6
1
2
1
150,000
25,000
50,000
25,000
1
30, OOP
1
30,000
400,000
75,000
50,000
8
Total
Capital
over
$50,000.
Capital
$50,000.
No.
1900.
$100,000
.....
Virginia
W e s t A^^irginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Louisiana
Texas
Kentucky
Tennessee
16
3
2
$60,oop
1
100,000
500,000
5
560,000
100,000
1,400,000
50,000
2
170,000
12
600,000
12
2,230,000
2
3
100,000
150,000
1
..
— • ' — 1
'—-*-
1
100,000
50,000
60,000
550,000
200,000
248,000
2
1
7
2
1
1
2
1
100,000
50,000
350,000
100,000
50,000
3
2
235,000
1,745,000
Total
31
775,000
10
308,000
19
950,000
10
2,890,000
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa ..
Missouri
11
. 8
17
2
3
14
23
2
275,000
200,000
425,000
50,000
75,000
350,000
575,000
50,000
3
•1
4
1
1
95,000
45,000
145,000
35,000
30,000
4
3
1
1
4
2
3
200,000
150,000
50,000
50,000
• 200,000
100,000
150,000
3
1
3
1
2
700,000
100,000
350,000
80,000
500,000
80
2,000,000
17
580,000
18
900,000
10
1,730,000
8
3
• 10
. . . . 10
1
200,000
75,000
250,000
250,000
25,000
2
1
75,000
40,OQO
50,000
100,000
150,000
100,000
30,000
1
2
3
1
1
1
150,000
Total
North Dakota
South Dakota
Nebraska
Kansas *
Wvoraing.:
Colorado
New Mexico
Oklahoma
Indian Territory
,
195,000
35,000
1
15
10
.'
25,000
375,000
250,000
1
2
40,000
75, Odo
1
4
50,000
200,000
58
Total
Washington
California
Idaho
Hawaii
Total
6
1
1,450,000
7
260,000
11
550,000
2
250,000
1
2
1
25,000
50,000
25,000
1
50,OPO
1
100,000
1
.
Total United States
4
208
5,200,000
500,000
1
100,000
41
1,375,Opo
50,000
2
600,000
62
3,100,000
37
7,800,000
476
REPORT ON THE FINANCES.
By reference to the following table it will be observed that the greatest increase in number and capital of banks organized during the year
ended October 31, 1900, occurred in the Middle States, in which 133
associations were formed with capital aggregating $5,860,000. In
the Western States 83 banks were organized, with aggregate capital
of $2,760,000; in the Southern States, 77 banks, capital $5,323,000;
Eastern States, 72 banks, capital $4,682,000; New England States, 10
banks, capital $600,000; Pacific States and Hawaii, 8 banks, capital
$800,000. Pennsylvania leads the States in point of number of organizations and capital, namel3^, 44 and $2,882,000, respectively; Texas is
second with 36 banks and $1,383,000 capital; Iowa is third with 32
banks, capital $920,000. Twent3^-seA^en banks were organized in Illinois, Avith capital of $1,070,000; 25 in Ohio, with capital of $1,520,000;
in New York, 13 banks, capital $1,095,000; in Kentuck3^ 8 banks and
capital of $1,970,000.
N A T I O N A L B A N K S O R G A N I Z E D DURING Y E A R E N D E D OCTOBER 31,
states.
Maine
New Hampshire .
Vermont
Massachusetts ..'.
Rhode Island ...
Connecticut
Total New England States .
New York
New Jersey .:
Pennsylvania
Delaware
Maryland
District of Columbia.
Total Eastern States .
Virginia
West Virginia...
North Carolina .
South Carolina .
Georgia
Florida
Alabama
Mississippi
• Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern States ,
Ohio . . . .
Indiana.
No.
Capital.
$25,000
175,000
100,000
'366*666'
600,000
1,095,000
385,000
2,882,000
25,000
295,000
4,682,000
300,000
305,000
50,000
85,000
650,000
230,000
150,000
50,000
1,383,000
1,970,000
150,000
5,323,000
1,520,000
495,000
States.
1900.
No.
1,070,000
215,000
805,000
500,000
920,000
335,000
Illinois
Michigan..
Wisconsin.,
Minnesota.,
Iowa
Missouri
Total Middle States .
North Dakota
South Dakota
Nebraska.,
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoraa
Indian Territory.
Total Western States.
Washington .
Oregon
California . . .
Idaho..
Utah
Nevada
Arizona
Alaska
Total Pacific States.
Hawaii
Total of United States.
Capital.
133
5,860,000
200,000
75,000
325,000
440,000
125,000
330,000
75,000
515,000
675,000
2,760,000
75,000
200,000
25,000
300,000
500,000
20,025,000
Some difficulty has attended the conversion and reorganization of
State banks, owing to the character of their assets. Under the national
banking law, associations can loan on personal security onl3^, are prohibited from investing in real estate other than that necessary to the
conduct of the business of the bank, and restricted in the volume of
accommodations to any one person, compan3^, corporation, or firm, etc.,
to 10 per cent of the capital stock actually paid in, and the courts have
held that it is ultra vires of a national banking association to invest in
the stock of another corporation. It has, therefore, been necessary
to require State banks proposed to be couA^erted and holding prohibited assets as indicated to make disposition thereof prior to receiving
official approval to begin business as a national banking association,
COMPTROLLER OF THE CURRENCY.
477
and to require a statement from directors of State and other banks to
be reorganized as national banking associations that none of such assets
will be transferred to the national bank.
EARNINGS AND DIVIDENDS.
The act of March 3, 1869, requires every national banking association to report, within ten days after the declaration of any diAddend,
the amount of such dividend and the amount o.f net earnings in excess
of such dividend. The annual reports issued from this bureau have
contained abstracts of such reports and a compilation of the returns
for the years ended March 1, 1870, to March 1', 1900, will be found in
the appendix. It is shown that the average dividend paid during the
years ended March 1, 1870 to 1875, was approximately 10 per cent,
and the lowest, 6.7 per cent, was paid in 1897. The average rate from
1869 to 1900, inclusive, thirty-one years, is shown to have been 8.2.
During the year ended March 1, 1900, the gross earnings of the
reporting national banks aggregated $170,758,066. Of this amount
$30,509,516.93, or 17.86 per cent, was devoted to the charging off of
losses and premiums; $70,266,738.63, or 41.15 per cent, to expenses
and taxes, leaAdng net earnings of $69,981,810.44, or 40.98 per cent.
From the net earnings were declared dividends aggregating $47,433,357.30, or 7.86 per cent, on capital amounting to $603,396,550.
TAXES AND EXPENSES.
Section 54 of the old currency act provided for the taxation of circulating notes of national banks at the rate of one-half of 1 per cent
semiannually, and a tax at the rate of one-fourth of 1 per cent on
deposits, with the same rate on capital beyond the amount invested in
United States bonds. On March 3, 1883, the, provision imposing taxation on capital and deposits was repealed. The revenue derived by
the Government from the taxes on capital and deposits during that
period was $7,855,887.74 and $60,940,067.16, respectively. The total
amount paid as semiannual duty on circulation up to June 30, 1899,
A ^s $85,304,945.56, an aggregate from the thtee sources of $154,100,Aa
900.46. The Avar-revenue act of 1898 impos;fed a tax of one-fifth of 1
per cent on the capital and surplus of the bank, and the act of March
14,1900, reduced the semiannual duty on circulation, where secured by
consols of 1930, to one-fourth of 1 per cent.
The Commissioner of Internal Revenue collected from the tax on
capital and surplus of national banks $1,752,802 during the fiscal year
1899, and $1,730,251 during the year 1900.; Tables compiled in the
Commissioner's office show the collections from the tax on capital and
surplus of all banks by collection districts, aiid the foregoing figures
are estimates based upon the average capital and surplus of national
banks during the years named. The duty paid on circulation during
the past year amounted to $1,881,922.73. This indicates the total
amount obtained by the Government from national banks during the
existence of the national banking system as $159,465,876.19. In addition to these taxes, the banks have paid on aii average $1.31 per thousand annually for note redemptions since the establishment of the
national-bank redemption agency under the provisions of the act of
June 20 1874. There is no official record of the cost of redemptions
478
REPORT ON THE FINANCES.
prior to the passage of that act. The banks are also assessed for
examiners' fees and cost of plates from which circulating notes are
printed. Prior to Juty 12, 1882, the cost of plates was paid from the
proceeds of the tax collected on circulation. Detailed statements of
these items appear in the appendix.
NATIONAL BANK CIRCULATION AND BONDS.
The original national-bank act limited the volume of national-bank
currency to $300,000,000, and that of July 12,1870, permitted the issue
of an additional $54,000,000. The act of July 14, 1875, repealed section 5177, United States Revised Statutes, limiting the aggregate volume, leaving, however, the provisions of section 5171 still in force.
This latter section authorized the issue of notes (90 per cent of the bond
deposit) in proportion to capital as follows: Banks with capital of
$500,000 or less, 90 per cent of the capital; capital of OA^er $500,000
and not over $1,000,000, 80 per cent; capital over $1,000,000 and not
OA^er $3,000,000, 75 per cent, and capital exceeding $3,000,000, 60 per
cent. This sectjon was repealed by the act of July 12, 1882, which
latter act authorized the issue of notes to 90 per cent of the bonds on
deposit, regardless of capital, except that the deposit of bonds should
not exceed the aggregate capital paid in. There was no further change
in this feature of the law until 1900. Practically, the maximum circulation issuable was outstanding in the 3^ears 1867 to 1870, inclusive.
The act of July 12, 1870, increasing the maximum circulation to
$354,000,000, resulted in an increase of twenty-two and one-half millions by October 31, 1871. In the next year there was a further
increase of sixteen and one-half millions, and on October 31,1874, the
amount outstanding increased to $348,785,906, which was within
about five and one-fourth millions of the legal limit. With authority
to issue circulation up to 90 per cent of the bond deposit, the latter not to
exceed the paid up capital, circulation outstanding rose to $362,889,134
on October 31,1882. This was the highest point ever reached during
the existence of the system, but was nearly $78,000,000 less than the
amount issuable, as the authorized capital of the banks on that date
was $489,741,635. The amount outstanding exceeded $360,000,000
only for the brief period between November 1, 1881 and Ma3^1, 1882.
Subsequent to the latter date there was a gradual fall until the minimum, $167,927,574, was reached on July 1, 1891. Of this last-named
amount, $127,221,391 was secured by bonds and $40,706,183 by deposits with the Treasurer of the United States of lawful mone3" on account
of liquidating and insolvent banks and those reducing circulation.
There was no material change in the circulation outstanding until the
fall, of 1893, when it reached $209,311,993. On March 1, 1895, the
amount fell to $205,043,651, but steadily increased thereafter, and on
March 13, 1900, reached $253,993,821.
The issue of * the additional 10 per cent to which existing banks
were entitled under the provisions of the currency act and the issue
to banks organized since March 14 resulted in an increase in total
amount of bank notes outstanding to $331,613,268 on October 31,1900.
As the authorized aggregate capital of national banks was $632,502,395,
their note issues Avere only about 52 per cent of the amount to which
they would be entitled upon the deposit of the requisite amount of bond.s.
The amount, by denominations, of national-bank circulation out
COMPTROLLER OF THE CURRENCY.
479
standing on October 31, 1899, March 13 and October 31, 1900, is
shown in the following table:
(The issue of notes of the denominations of $1 and $2 was discontinued in 1879; of $1,000 in 1884; and of $500 in 1885.)
Oct. 31,1899. M a r . 13,1900.
Denominations.
Oct. 31,1900.
$348,278
167,468
75,459,705
75,960,210
56,479,140
11,293,200
23,112,200
10^,500
. 28,000
31., 993
$347,552
167,056
70,363,595
123,088,280
88,408,100
16,186,900
32,889,200
102 500
27, G O
O
33 085
254,026,230
331,613,268
35,063,919
207,920,775
Total
Circulation secured by lawful m o n e y
Circulation secured b y bonds
$348,275
167,466
79,310,710
79,378,160
58,770,660
11,784,150
24,103.400
104,000
27,000
32,409
242,984, 694
Ones
Twos
Fives
Tens
Twenties
Fifties
One h u n d r e d s
Five hundreds
One thousands
N o n r e d e e m e d fractions
38,004,155
216,022,075
32,784,203
298,829,065
The changes in amounts and classes of bonds on deposit to secure
circulation on dates named are shown in the appended table:
Oct. 31,1899. Mar. 13,1900. Oct. 31,1900.
Class.
Loan of 1908-1918, 3 per cent
Funded loan of 1907, 4 per c e n t .
Loan of 1925, 4 per cent
Loan of 1904, 5 per cent.
Funded loan of 1891, 2 per c e n t .
Consols of 1930, 2 per cent
$49,825,160
128,822,050
18,2^42,750
14,665,600
20,9P7,600
INSOLVENT
NATIONAL
$7,756,580
13,544,100
7,503,350
1,293, 000
1,019,950
270,006,600
232,463,160
Total.
$56,164,820
130,302,250
14,697,850
21,996,350
20,490,150
243,651,420
301,123,580
BANKS.
A brief review'of the results of administration of insolvent national
banks is herewith submitted.
The first failure in the national banking system was that of the First
National Bank of Attica, N. Y., with a capital of $50,000, which was
placed in the hands of a receiver April 14, 1^65. Under his administration the creditors received $89,472, representing 63.57 per cent on
deposits amounting to $140,750.
From the year 1863 to the year 1873, inclusive, a period of ten
years, there were 34 national banks which closed their doors, representing in capital $8,211,100 and $18,915,571 of deposits. These banks
were placed in the hands of receiA^^ers, as provided by law, and the
records show as a result of collections of asse|ts that $14,772,530, or an
average of 78.10 per cent, was paid to the creditors.
From the year 1873 to the year 1883, another decade, there were 55
failures of national banks, having an aggregate capital of $11,762,800
and deposits amounting to $24,676,244. The amount paid to creditors
was $19,204,181, or 77.82 per cent.
For the next period of ten years, from the close of the year 1883 to
1893, not including 1893, the year of the notable panic, there were 92
banks which failed, representing in capital $13,057,000 and $47,554,014
in deposits. The creditors of these banks received $35,911,392, or an
average of 75.52 per cent.
480
REPORT ON THE FINANCES.
For the year 1893, the ''panic year," 69 banks closed their doors
and were placed in the hands of receiA^ers, representing $11,520,000
of capital and $21,356,957 of deposits. The amount paid to creditors
was $15,944,243, or 74.65 per cent.
The total numberof banks which suspended during the 3^ear 1893
was 155, with the capital stock of $29,725,000. Of this number, 86,
with a capital stock of $18,205,000, placed themselves in a solvent
condition and resumed business.
Taking into account the previous nine 3^ears, together with the 3^ear
1893, making the third decade, the number of insolAi^ent national banks
was 161, representing in capital $24,577,000 and $68,910,971 in deposits. Of the latter amount, $51,855,635 was paid to creditors, being an
average of 75.25 per cent.
From the close of the year 1893 to October 31, 1900, inclusive, 143
insolvent national banks have been placed in the hands of receivers,
with a capital stock of $20,926,520 and deposits of $63,683,350. At
the latter date creditors had been paid $46,364,824, being an average
of 72.80 per cent.
From the date of the adoption of the national banking act to October 31, 1900, 393 banks haA^e been placed in the hands of receiA^ers.
Under the supervision of this office, Avhich is charged Avith the liquidation of insolvent national banks, the number of receiverships has been
reduced from 393 to 113. The amount of capital represented in the
total number of failed banks from the year 1863 to November 1,1900,
is $65,477,420. The total amount of liabilities has been $176,186,136,
of which $132,197,170 has been paid, being an aA^erage of 75.03 per cent.
At the date of the last annual report of this Bureau the number of
national banks remaining in the hands of receivers was 135. At the
date of this report there remain under the superAdsion of this office 63
active receiverships and 50 in an inactive condition, being a total of
113. Since the beginning of the S3^stem the aflairs of 280 insolvent
national banks have'been finalty closed. Included in this latter number are 17 banks Avhich w^ere restored to soh^ency and resumed business after their liabilities to creditors had been liquidated wholly or in
part through the agenc3^ of a receiA^er. The claims against the trusts
finally liquidated amounted to $78,924,698, on which dividends were
paid aggregating $58,640,483, or 74.30 per cent, and including offsets
and loans paid, 80.05 per cent. The collections from assets and assessments on shareholders amounted to $67,9^52,189 and $9,443,691,
respectively. It is found to have required, on an average, 8.81 per
cent of the total collections for receiA^ers' salaries, legal and other
expenses incident to liquidation. Of the banks finall3^ closed 81 paid
claims in full, including interest dividends of 100 per cent or less; 19
paid claims in full only; 42 paid 75 + per cent, but less than 100 per
cent; 60 paid 50 + per cent, but less than 75 per cent; 59 paid less than
50 per cent, and 3 paid no dividends.
There have been finally liquidated during the past 3^ear 28 insolvent
national banks.
The following table shows the number of insolvent national banks
which were finally closed during the year ended October 31, 1900,
Avith their capital stock, liabilities, liabilities paid, and the percentage
of liabilities paid to total liabilities. The liabilities iDaid include those
that were retired by ofl'set, or settled from the proceeds of collaterals
COMPTROLLER OF THE
481
CURRENCY.
held as security for claims, and also those upon which pro rata dividends have been paid:
Capital
stock.
Title and location of bank.
First National Bank, Arkansas City, Kans
First National Bank, Benton Harbor, Mich
Broadway National Bank Boston, Mass
Chemical National Bank, Chicago, 111
First National Bank, Clearfield, Pa
Ninth National Bank, I)allas, Tex
Marine National Bank Duluth, Minn.
Kittitas Valley National Bank, Ellensbiirg, Wash
Merchants' National Bank, Great Falls, Mont
Northwestern National Bank, Great Falls, Mont
Indianapolis National Bank, Indianapolis, Ind
Columbia National Bank, Minneapolis, Minn
Mutual National Bank, New Orleans, La .
North Platte National Bank, North Platte, Nebr
First National Bank, Olympia, Wash
National Bank of Paola Kans
First National Bank, Paiatka, Fla
First National Bank, Sheffield, Ala
First National Bank, Spokane, Wash.
Citizens' National BanK, Spokane, Wash
Citizens' National Bank, San Angelo, Tex
California National Bank, San Diego, Cal
Dakota National Bank, Sioux Falls, S. Dak
Columbia National Bank, Tacoma, AVash
Tacoma National Bank Tacoma Wash
Vincennes National Bank" Vincennes, Ind
First National Bank, Wellington, Kans
Sumner National Bank, Wellington, Kans
Total.
Per centage of
Liabilities. Liabilities liabilities
paid.
paid.
$100,000
$4,850
107,540
50,000
200,000 2,233,467
1,000,000 1,864,962
100,000
163,181
300,000
239,965
200,000
246,758
50,000
144,009
100,000
238, 667
250,000
977,099
300,000 1,747,058
200,000
271, 949
200,000 i 293,184
....
75,000
137,387
100,000
153,414
50,000
13,158
150,000
338,998
100,000 1 233,958
250,000
376, 524
150,000
401,386
' 100,000
66,070
500,000 1,145,844
50,000
247,696
350,000
258,138
200,000
307,667
100,000
246,568
50,000
71,2'47
100,000
.84,685
5,375,000
12,615,429
$4,850
112,077
2,248,423
1,946.956
165,329
180,073
181, 617
97,185
151,475
1,040,088
1, 313, 393
274, 099
270,651
119,043
146,513
13,222
199,599
104, 688
203,083
159,455
60,188
586,959
209,540
188,763
146,092
217,325
58,688
72,532
100.00
104.22
100 67
104.35
101 32
75 04
73 60
67.48
63.47
106 44
75.18
100.71
92 31
86.65
95 50
100 49
58 88
44.74
53 94
39 72
91.10
51 22
84.60
73 12
47 48
88 14
82. 37
85 65
10,471,906
83 00
From the following recapitulation of the results of the liquidation
of insolvent national banks by decades it will be seen that the percentage paid to creditors during the several periods has not materially
varied, the average being about 75 cents on the dollar:
Number of
banks.
1863 to 1873
1873 to 1883
1883 to 1893
1893 to 1900
Asrerresrate
-
Percentage to
creditors.
...
Capital.
Liabilities.
Liabilities
paid.
34
55
161
143
$8.211,100
11,762,800
24,577,000
20,926,520
$18,915,571
24,676,244
68,910,971
63,683,350
$14,772,530
19,204,181
51,855,635
46,364,824
78 10
77.82
75 25
72.80
393
Years.
65,477,420
176,186,136
132,197,170
75 03
The decrease in the percentage for the. perio,d from 1893 to 1900 is
due to the fact that a number of the banks which failed during that
time are only partially liquidated, and have assets on hand which will,
when collected, materially augment the payment to creditors, and
will probably increase them to the average of 75.25 per cent paid
during the decade ended December 31, 1893.
STATE BANKS, ETC.
Under the provisions of section 2 of the war-revenue law of 1898,
imposing a tax of $50 on banks with capital of $25,000 or less and $2
on each additional $1,000 in excess of $25,000 (the surplus fund to be
included in estimating the amount of capital),! the Commissionerof
Internal Eevenue collected taxes from 13,325 banks and bankers durFi 1900
31
482
. . REPORT ON THE FINANCES.
ing the year ended "June 30, 1900. Deducting from the number of
banks AvlVich are subject to this tax the national banking associations
in operation, there remain 9,692 incorporated and private banks, exclusive of savings banks Avithout capital, Avhich are exempted from this
dut}^
.B)' laAV it is the dut3^ ^^ ^^^^ Gomptroller to obtain and publish in
his annual report to Congress information respecting the condition
of banks, banking institutions, and saAnngs banks organized under
authorit3^ of the States and Territories, the returns to be obtained
from State officiala having supervision thereof or from such other
authentic sources as may be available. While provision is made by a
ma;jorit3' of the States of the Union for supervision of incorporated
banks and banking institutionis, but few require reports from private
banks and bankers or exercise an3^ supervision thereoA^er. I t has been
the custom of the Bureau for a number of 3^ears past to classif3^ the
returns from banks and banking institutions as follows: Statebanks
(banks of discount and deposit), loan and trust companies, mutual savings institutions (those Avithout capital stock), stock savings banks, and
piwate banks. From a careful examination of the records it w^ould
appear that about 90 per cent of the banks of the first two classes submit reports either to State authorities or directly to this office. Of
the mutual savings banks all report through official sources, except
those located in the States of DelaAvare and Maryland. There seems
to exist a disinclination on the part of private banks and bankers to
furnish the Bureau information with respect to their condition, and as
a result onl3^ about 20 to 25 per cent respond favorably to requests
for statements. The total returns indicate, however, that banks
reporting represent practicall3^ 83 per cent of the banking capital of
the countiy.
A serious defect in the returns receiA^ed from official sources is found
in the lack of uniformit3^ in date of submission of statements to the
various State officers. This, howcA^er, has been remedied, to a large
extent, as a result of correspondence during the past two years
betAveen this office and officers charged Avith the supervision of State
banks, the attention of the latter having been called to the desirability
of uniformity in date and character of returns. In a number of States
in Avhich laAvs exist fixing exact dates upon which banks shall report,
the suggestion of the Comptroller of the desirabilit3^ of an amendment
has met with courteous consideration and Avith assurances that efforts
will be made to obtain legislation Avhich will enable State officials to
secure reports from banks subject to their supervision at discretionary
dates. The reports submitted in 1899 and 1900, Avith very few exceptions, are for the close of the fiscal JQ^V ended with June 30.
Returns from commercial banks classed as State banks are from
official sources except from those located in Delaware, South Carolina,
Alabama, Arkansas, Tennessee, Idaho, Nevada, and Oregon.
The resources of the reporting State banks (4,369) have increased
during the past year from $1,636,032,662 to $1,759,835,802. The capital of these banks amounts to $237,004,340, surplus and undivided
profits $129,855,738, individual deposits $1,266,735,282.. Consolidating returns from all banks incorporated under State authority and
private banks, it is observed that reports have been received with
respect to the condition of 6,650 banks and bankers, with resources
COMPTROLLER OF T H E CURRENCY.
483
aggregating $5,841,658,820. The combined capital amoants to $403,192,214, surplus and profits $490,654,957, deposits $4,780,893,692.
Uniting tbe returns from the banks hereinbefore referred to with
those of the 3,732 national banks reporting on the same date, it is
found that information with respect to 10,382 banks has been received.
The combined loans aggregate $5,657,687,020; United States bonds,
$535,129,251; other stocks^, bonds, and iuA^estments, $1,963,252,230;
cash in bank, $749,939,932, of Avhich latter amount'$369,925,866 consists of gold and gold certificates, $72,368,746 silver coin and silver
certificates, $206,685,063 legal tenders and United States certificates of
deposit. The balance of the cash held includes specie and other cash
not classified, in State and private banks. The total capital reported is
seen to be $1,024,728,675; surplus and profits, $882,202,792; deposits,
$7,331,553,249. In the following table the principal items of resources
and liabilities of banks other than national from 1895 to 1900, inclusiA^e, are shoAvn:
189$.
417,468,494 $2,279,515, 283
$2,231,013, 262!$2,480,874,360$2,659,940,630$ ,013,449,827
Loans
Bonds
375,026,025 1,210,827,389 1,248,150,146 1,304,890,322 1,527,595,160 ,723,830,351
194,913,450
220,667,109
Cash
210,884,047
169,198,601
193,09^1,029
.1 227,743,303
403,192,214
370,073, 788 368,746,648
Capital
422,052, 618 400,831,399
380,090,778
Surplus and, un362,602,702
399,706,497
divided profits
382,436,990
370,397,003
418,798,0871 490,654,957
Deposits.....
I 3,185,245,810 3,276,710,916 3,324,254,807 3,664,797,296 4,246,500,852 4,
780,893,692
841,658,820
Resources
4,138,990,529 4,200,124,955 4,258,677,065 4,631,328,357 5,196,177,3811 5,
The consolidated statement of all. reporting banks on or about June
30,1900, is given herewith:
3,732 national
banks.
Loans
United States bonds
other bonds
Cash
Capital
•
Surplus and profits .
Deposits
Total resources
6,650 other
banks.
$2,644,237,193
417,667,43,5
356,883,695
529,272,823
621,536,461
391,547,83^
2,550,659,557
4,944,165,624
$'3,013,449,827
117,461,816
1,606,368,535
220,667,109
403,192,214
490, 654, 957
4,780,893,692
5,841,658,820
$5, 657, 687,020
535,129, 251
1,963,252,230
749, 939, 932
1,024,728,675
882,202,792
7, .331,553,249
30,785,824,444
LOAN AND TRUST 0OM.PANIES AND PRIA'ATE BANKS.
Returns from official and unofficial sources have been received relative to the condition of 290 loan and trust companies, with resources
aggregating $1,330,160,343. The capital stock of these companies
aggregates $126,930,845, surplus and undivided profits $148,389,339,
and individual deposits $1,028,232,407. In 1899 reports were received
from but 260 loan and trust companies, with resources aggregating
$1,071,525,994 and deposits of $835,499,064. This indicates an increase
during the year of $258,634,349 in total resources and $192,733,343 in
deposits.
The number of private banks reporting is 989, as against 756 in
1899, and is the largest number submitting statements since 1895. The
resources of these banks aggregate $126,789,041, capital $19,364,735,
and individual deposits $96,206,049.
484
REPORT ON THE FINANCES.
SAVINGS BANKS.
In the appendix to this report will be found tables showing in detail
the resources and liabilities of mutual and stock savings banks and the
aggregate of both classes in each State, taken from returns obtained at
the date nearest to the close of the fiscal year ended June 30, 1900.
The returns shoAv the condition of the 1,002 savings banks, of which
652 are mutuals, the latter being Avithout capital stock and conducted
b3^ trustees for the benefit of depositors. The stock savings banks
number 350. Both depositors and stockholders share iri the profits of
institutions of the latter character. With the exception of 1 bank
located in West Virginia, 4 in Ohio, 5 in Indiana, and 1 in Wisconsin
the mutual savings institutions are to be found in the New England
and Eastern States. The aggregate resources of banks of this class
amount to $2,336,460,239, represented in the main b3^ loans aggregating $1,167,785,000 and stocks, bonds, etc., to the amount of $1,202,471,000. The deposits aggregate $2,134,471,130, the number of depositors, 5,370,109, and the average deposit $397.40. The total resources
of the stock savings banks is shoAvn to amount to $288,431,395; their
savings deposits aggregate $250,299,719; the number of depositors,
527,982, and the average deposit $474.07. A consolidated statement
gives the aggregate resources of both classes of banks as $2,624,873,634;
savings deposits, $2,384,770,849; number of depositors, 5,898,091. The
average deposit is show^n to be $404.33. In the table appearing on page
559 is shown the growth of savings banks as indicated b3^ the number
of depositors, A^olume of deposits, and average account. In this table
are included returns from a number of commercial banks located in
Illinois Avhich maintain savings departments, in consequence of which
there is an apparent discrepancy between the table and the abstract of
the "savings-bank reports before ref erred to in this report. Comparing
the number of depositors and amount of deposits as shown by the returns
in 1900 with those of 1899, there is seen to haA^e been an increase in
depositors of 419,265, and in deposits of $219,180,931. The average
deposit has increased from $392.13 to $401.10. The table in which the
foregoing returns appear contains similar information with respect to
the savings banks in operation in the country in the years 1820, 1825,
1830,1835,1840,1845 to 1900. Conditions in the financial world which
liaA^e resulted in a reduction of the rates of interest on loans and dis
counts haA^e had their effect on the earning capacity of savings institutions, as indicated by the rates of interest allowed on depositors' accounts.
Within recent years the average rate paid by savings banks exceeded
4 per cent, Avhereas from information contained in the following table
it is seen to be the exception when 4 per cent is paid and with a number
of banks the rate varies from a minimum of 2i to 3 per cent, although
it Avould appear that the average rate lies between 3 and 3^ per cent.
The table referred to is as folio AVS:
485
COMPTROLLER OF THE CURRENCif.
AVERAGE RATE OF INTEREST P A I D DEPOSITORS IN SAVINGS BANKS.
State.
Maine a
,
New Hampshire a
Vermont: a
8 paid
3 paid..
20 paid
2 paid
7 paid
Massachusetts: a
144 paid
2 paid
38 paid
1 paid
Rhode Island a . . .
Connecticut: b
74 paid
9 paid
,
3 paid
2 paid
New York b
New Jersey b
Pennsylvania: c
7 paid
I paid
1 paid
Delaware c
a Official.
State.
Per cent.
II
4
3?
34
3^
3
4 | to l i
3to3f
4
4
3f
None.
35 and 4
District of Columbia: c
3 paid
Ipaid
Maryland b
North Carolina c, 4 paid
South Carolina: c
4 paid
4 paid
Ipaid
Floridac
Louisiana c
Texas c
Tennessee: c
2 paid
4 paid
Ipaid
,.
Ohio: c
Ipaid
6 paid
Indiana: a
Ipaid
Ipaid
3 paid
Minnesota a
Utahc
6 Official, 1899.
Per cent.
3
2f
3,3iand4
4
4
3
2.90
3
3
4
4
3
5
4
344
c Unofficial.
The industry and thrift of those engaged in gainful occupations are
most forcefully illustrated In the volume of the savings deposited with
building and loan associations and savings banks of the country. In
the May, 1894, number of a bulletin issued from the Department of
Labor appeared the results of a very painstaking iuA^estigation of the
laws and rules gOA^erning, methods of operating, condition of, and
statistics relative to, building and loan associations in the United States,
as shown by statements made in 1893. At that time there were in
operation 5,838 associations, the shareholders numbering 1,745,725,
the amount of stock paid up and dues paid in aggregating $403,778,844,
and the total assets of the associations $528,852,885.
From the report of the secretary of the Uriited States League of
Building and Loan Associations made at the annual meeting held at
Indianapolis in July last it appears that there are at present (1900) in
operation 5,485 building and loan associations with a membership
(shareholders) of 1,512,685 and total assets of $581,866,170. The table
folloAving contains the details of the returns by States.
It is evident from the limited returns at command that the percentage of apparent profit derived by patrons of building and loan associations is greater than the rates of interest allowed to depositors in
savings banks.
Having reference to the returns received by this office relative to
savings banks, it is observed that the total number of depositors in
such institutions and shareholders in building and loan associations
aggregate approximately 7,619,768 and that they have an average
credit of slightly less than $398. From the preliminary returns
which give the population of the country, including HaAvaii, as
76,259,220, it appears that one person in every ten is interested as a
shareholder in a building and loan association! or as a depositor in a
savings bank.
•
486
REPORT ON THE FINANCES.
The table hereinbefore referred to with respect to building and loan
associations is as fOUOAVS:
N u m b e r [Total m e m T o t a l assets.
of assober.ship.
ciations.
states.
Pennsylvania ...
Ohio
Illinois
Nevv J e r s e y
New York
Indiana
Mas.sach u s e t t s . . .
California
Missouri
Michigan
Iowa.Connecticut
Wisconsin
Kansas
Nebraska
Maine
Tennessee
•Minnesota
New Hampshire.
North Dakota . . .
1,174
773
599
335
299
424
125
151
191
72
79
15
52
46
60
32
26
46
17
281,
287,
100,
99,
89,
109,
68,
37,
38.
32,
23,
12,
13,
12,
13,
8,
4,
7,
4,
1,
$112, 120,436
102; 409,699
54: 104,602
100,000
253,725
435,587
744, 647
285,454
835, 817
159,562
723,799
774,526
582,922
880,764
332,781
975,716
874,097
848,179
921,927
364,130
Other States.
4,523
962
1,244,885'
267,800
484,728,370
97,137,800
Total . .
5,485
1,512,685
i,170
The inauguration of the school savings bank S3^stem took place in
France in 1834. The S3^stem was adopted in the United States in 1885
in the school of Long Island Cit3^, NCAV York, by School Commissioner J. H. Thir3^^ In a report issued by Mr. Thiry in March last,
the occasion of the fifteenth anniA^ersary of the introduction of the
system in the United States, he states that the school bank S3^stem is
in operation in 97 cities of 15 States. The number of registered pupils
in these schools is 179,630, of whom 52,694 are depositors. From the
beginning of the S3^stem to Januaiy 1, 1900, there was deposited in
these banks a total of $806,015.97; amount withdrawn, $525,209.77,
leaving the balance due $280,806.20, an average of about $5.34. The
general extension of this system throughout the countr)?' Avould unquestionably result in an earl3^ inculcation, in the minds of the 3^oung, of
knowledge of practical business methods and of the A-alue of habits of
econom3^
No late official statistics are at command with respect to foreign
saAdngs banks in all countries in Avhich institutions of that character
exist. A recent article 113^ Mr. C. A. Conant, a leading economist,
presents information Avith respect to saA^ings institutions in the United
Kingdom and Russia for 1900; Italy for 1899; France, Belgium, and
Prussia for 1898, and Austria-Hungary for 1896. The amount of
deposits, number of depositors, and average deposit in savings institutions in those countries are set forth in the following table:
aDec.31,1899.
8,049,599
a 9,648,165
9,964,678
2,948,261
3,172,858
1,519,251
5,212, .110
1^155.91
95.03
82.79
220.47
100.85
76.36
75. 59
4,476,859,331
Total
Depositors.
$1,255,000,000
916,836,845
825,000,000
650,000,000
320,000,000
116,022,486
394,000,000
Prussia
..
United Kingdom
France
Austria-Hun gar V
Russia
Belgium
Italy-
Average
. deposit.
Deposits.
Country.
40,514,922
110.41
487
COMPTROLLER OF THE OURRENCY.
B A N K I N G POWDER O F T H E AVORLD.
In banking power the United States leads all nations. In his Dictionaiy of Statistics, edition.of 1898, Mr. M. G, Mulhall states that the
banking power of the Avorld in 1890 amounted to 3,197,000,000 pounds
sterling. The accompan3dng table contains in a condensed form this
statement of the aggregate banking poAver of the United Kingdom,
Europe (exclusive of the^ United Kingdom), Australia, Canada, Cape
Colony, Argentina, Uruguay, and the United States for 1890, in Avbich
is also incorporated similar information Avith respect to the joint stock
and priA^ate banks and savings banks of the United Kingdom for 1900
(shoAvn b3^ reports published in the London Economist and in the Statistical Abstract of the United Kingdom), the banks of the United
States for the same 3^ear from reports made to this bureau, to the Jatter being appended an estimate of the banking power of nonreporting
banks.
The increase in the banking power of Europe (exclusive of the
United Kingdom) and other foreign countries mentioned is assumed
to liaA^e been in the same proportion as in the IJnited Kingdom, namel3^,
28.8 per cent. This percentage of increase has been used in calculating the present banking power of the countries relative to which no
official data are at command. Including the estimate of the banking
power of nonreporting banks it is observed that there has been an
increase in the United States during the past decade from 1,030,000,000
to 2,578,000,000 pounds sterling, or 150.3 p^r cent.
In estimating the banking power Mr. Mulhall includes capital,
reserA^e (surplus profits) issues, deposits and accounts current (individual and bank deposits). The table referred to is as folloAA^s:
Year. ,
Countries.
1890 (in millions).
Increase.
1900 (in millions).
Per cent.
£1,172
1,336
\
28.8
220
283
1,030 /
1
a 2,203 1
b375
150.3
•...
1
£910
1,037
..
United Kingdom
Europe all other
Australia
Canada
Cape Colony
Argentina
Uruguay
United States
3,197
5, 369
67.9
•
:
..
Total
a From reports to the Comptroller of' the Currency.
b Estimated for nonreporting banks.
In the following table is exhibited in detail the composition of the
banking poAver of the United States for each class of banks as shown
h j reports to this office at the close of the 3^ear ended June 30, 1900:
Banks.
Capital.
.1
Surplus, etc. Deposits,etc. i Circulation.
•
Total.
•
%621,536,461 8391,-547,835 13,621,541,835 S265,356,112
National banks
237,004,340 129,855,738 li 371,654,702
State banks
Loan and trust companies . . . 3 26,930,845 148,389,339. 1:031,932,536
Private banks
19,364,735
5,611,125
: 97,720,936
S4,899,982,243
1,738,514,780
1,307,252, 720
122,696,796
1,004,836,381
19,892,294
675,404,037 6,122,850,009 i 26.'S :^.^6 119.
206, 798,755 2,390,180,116
8,068,446,539
2,616,871,165
1,024,728,675
882,202, 792 8 513 030 125 1 9f\^ :^;'S6 119 10,685,317,704
Total
Savings banks
Grand total
488
REPORT ON THE FINANCES.
FOREIGN BANKS.
There willbe found in the appendix of this report tables exhibiting
in detail the resources and liabilities of the joint stock and private
banks of the United Kingdom and colonial and foreign banks with
London offices, as shown by statements published in December, 1899,
and June, 1900, appearing in the London^Economist. There also
appears a table taken from the Jul3^, 1900, number of the Bulletin de
Statistique relative to specie, circulation, deposits and accounts current, and rates of discount for the first quarter of 1900, of the principal European banks of issue. Summaries of the reports of condition
of the chartered banks of the Dominion of Canada, of date September
30, and the Australian banks, of date June 30, are also given.
In conclusion, it is with pleasure that the Comptroller commends
the associates of his office for the faithful and efficient service rendered
the Government by them. For the man3^ extra hours of labor rendered necessary by the increasing work of the Bureau, Avhich additional
time many of them have willingly devoted to the public service without additional compensation, they deseiTC a full measure of public
gratitude. In connection with the recognition of the work of the entire
corps of emplo3^ees, the Comptroller desires to publicl3^ commend the
services of Mr. T. P. Kane, Deputy Comptroller; Messrs. A. D.
L3mch and George T. May, in charge of the work connected with
insolvent banks; Messrs. G. S. Anthony, W. J. Fowler, W. W. Eldridge, E. E. Schreiner, and T. O. Ebaugh, in charge of diAdsions; Mr.
W. D. Swan, bond clerk; Mr. J. Y. Paige, chief clerk, and Mr. B. F .
Bl3^e, secretary.
CHARLES G . DAWES,
Comptroller of the Currency.
To the SPEAKER OF THE HOUSE OF REPRESENTATIVES.
APPENDIX.
TREASURY DEPARTMENT,
OFFICE OF THE COMPTROLLER OF THE CURRENCY,
Washington^ D . C , August 10.^ 1900.
SIR: The national banking act makes it the duty of the Comptroller
of the Currency to make a statement in his annual report to Congress
as to the resources and liabilities of the banking systems of the United
States other than national, and it seems desirable that I incorporate,
if possible, in my next annual report information as to the existing
banking institutions of the Philippine Islands, including such financial
statements of their condition as it is possible tb obtain from them. In
my last report to Congress I republished extracts from the report of
Mr. Edward W. Harden, special commissioner of the United States,
Avho was sent by the Treasuiy Department to make a report upon the
industrial financial condition of the Philippines.
Had I an3^ appropriation available for the purpose I would not hesitate to make an independent iuA^estigation, but as I have not, the purpose of this letter is to ascertain whether or not it is possible for you
legally and consistently with the interests of your own Department to
detail some one of your present force in the Philippines, who would
be competent therefor, to obtain statements 6i the condition of all the
different banking institutions in the islands, and as complete a statenaent as possible of the laws under which such institutions have been
incorporated or now exercise their power. It would be especially
desirable in this connection to have an exact statement relative to any
privileges of currency issue which are possesjied by any of these banks.
In view of the general interest manifested in the financial conditions
in the Philippines and the large and general circulation of the reports
of the Comptroller of the Currency among the business men of the
country, it would seem appropriate that such information gathered by
3^our representatives be used therein. It is understood, of course,
that any matter furnished will be printed as originating froiri your
Department. If it is possible for you in any way to extend to this
office such service and courtesy, I should be greatly obliged.
Respectfully,
CiaARLES G. D A W E S ,
Comptroller.
Hon.
E L I H U ROOT,
Secretary of War., Washington, D . C
Compl3dng Avith the above request, the following cablegram was sent
by Lieut. Col. C. R. Edwards, U. S. A., chief of the insular division
.
"
489
490
REPORT ON THE FINANCES.
of the War Department, to the militaiy goA^ernor of the Philippine
Islands on August 17, 1900:
"MACARTHUR, Manila:
"Comptroller Currency desires detailed statement September 1,
shoAving condition three Manila banks and Monte de Piedad, with
collateral information regarding their business. Get all the information 3^011 can concerning laws and regulations Avith regard to currenc3^
issues three banks. Forward complete statement of assets and liabilities, Avith comparison business 1898, 1899. Secretary of War directs
must have the information not later than NoA^ember 1. Comptroller's
letter. Government regulations, Avith suggestions for future examination banks, will be forwarded immediatel3^
''EDAVARDS."
UNITED STATES MILITARY GOVERNMENT OF THE
PHILIPPINE ARCHIPELAGO AND ISLAND OF GUAM,
O F F I C E OF THE TREASURER,
Manila, P . ./., Septem'ber 17, 1900.
SIR: In compliance with instructions of the 18th of August last,
cop3^ of AAdiich is appended, marked " A , " I have the honor to make
the following report on the Hongkong and Shanghai Bank, and the
Chartered Bank, Manila, collateral information, and currency.
A copy of the cablegram and of the order of the military governor
was sent to each bank, with a request for the statements and information called for.
•X-
.
-X-
-X-
•*
-X-
-X-
-X-
Both banks received authorit3^ to submit the statements, and on the
14th and 15th they were placed in my hands. These statements accompan3^ and are marked ''Exhibit B " (Hongkong) and '^Exhibit C "
(Chartered).
-X-
-X-
-X-
-X-
'k
-x-
*
A great need exists for a bank or agenc3^ that will suppl3^ mone3^ i^
sufficient quantities to satisf3^ the demand, and not have silvier a t a
fictitious value all the time.
Mexican dollars are higher here than an3^where else in the AA^orld,
uniformly about 3 per cent higher than in Hongkong. The banks
have permission to import '' clean Mexican dollars," which term is
misleading. Mexican dollars in Hongkong are of two values, but
the distinction is not between " c l e a n " and " m a r k e d " Mexicans, but
betAveen "clean Mexicans No. 1 and No. 2," and all other Mexicans, clean
or chipped No. 1. No. 2 are heavier in weight and fineness than those
of more recent coinage, and command in Hongkong 2 per cent higher
price.' All Mexicans circulate here for the same, hence the light
weight are imported and the heav3^ are exported.
Bank statements for August 31,1900, show nearly two million Mexican dollars on the wa3^ to Manila.
The privilege accorded the banks of importing clean Mexican dollars has placed the supply of money for these islands in their hands,
and, as above mentioned, there has been a scarcity all the time and
Mexicans haA^e had a value much above the bullion in them. The new
light-Aveight Mexican dollar, the Hongkong dollar, and the British
dollar all haA^e about the same amount of silver and circulate for the
same in Hongkong. Only the first is allowed to enter Manila.
COMPTROLLER OF THE CURRENCY.
491
There is no legal standard of A-alue here. The practical standard is
the fictitious and changing value of the Mexican and Spanish-Filipino
dollar, based not only on bullion A-alue, but a limited and insufficient
supply.
There is need of a bank or agenc3^ that will accept United States
Government checks at their face value; the u.s^efulness of those checks
is much impaired b3^ being discounted, and they are especially useful for
transferring funds Avhere transportation is so uncertain and unreliable
for transporting coin. Neither bank will accept GoA^ernment checks
at face.value.
UNITED STATES CURRENCAT. •
So long as the United States dollar was worth more than two Mexicans at the banks they were accepted freely at that rate b3^ the trade,
but so soon, G£iv\j in July, as the banks placed the rate at 1.98, trouble commenced. It became impracticable to accept United States
currencA^ at the custom-house and for other dues, because the rate
might change from the time of receipt to the time of deposit in the
Treasuiy, and hopeless confusion would result.
(United States curren03^ and Mexican currenc3^ are kept as separate deposits Avith the banks.)
The governor-general then ordered that the rate for receiving
United States currenc3^ and Mexican should be 1 to 2. This corrected
the difliculties above mentioned, but did not correct the trouble commercially. Merchants Avho had not objected to accepting United
States currency at 2 to 1 Avhen it was Avorth more, decidedl3^ objected
to accepting it at that rate when the bank rate fell below, and in small
purchases and with the natives it Avas becoming discredited entirel3^—
many on 13^ allowing 1.80 for it. They didjnot understand Avh3^, if it
could drop to 1.98, it could not drop lower still, even to 1 for 1.
The military gOA^ernor then authorized the banks to receive for the
Treasuiy all United States currenc3^ oflered at 2 for 1, and this has
maintained the rate at 2 for all domestic purposes, and has been
rapidl37^ accumulating a United States currency balance at a cost of 2
Mexicans for 1 United States dollar.
Should the entire Mexican balance be converted into United States
currenc3^ at one operation, the charge Avould be 2.03 Mexicans for 1
United States dollar. This rate was given by both banks when their
buying rate was 1.98.
As soon as the militaiy governor had made the arrangements with
the banks to accept all United States curren<iy at the 2 for 1 rate, they
declined to suppl3^ the pay department, qutartermaster's department,
and the subsistence department Avith United States currency for New
York telegraphic transfers, as had been done before; certainly for pa3^ing balances due in New York and London, etc., the placing of funds
in New York free of cost is advantageous and must be in demand.
The departments are, I understand, bringing out their mone3anstead
of depending on the banks; in all probabilit3^ the banks will soon be
ver3^ willing to pa3^ out United States currenc3^ for N. Y. T. T. dollar
for dollar.
THE CURRENCY OF THE ISLANDS.
Normally the exports have exceeded the imports b3^ about 20 per
cent, but in spite of that fact the islands grew poorer and poorer. The
cash capital was cut in two Avhen the basis became sih^er in place of gold.
492
REPORT ON THE FINANCES.
The true yearly cash balance between the Philippines and the rest
of the world has been against the islands. The balance of trade being
more than offset by the earnings of foreign capital and brains, which
earnings mostly went abroad, and by exploitation of others, between
150 and 200 millions of foreign capital is invested in the Philippines
and earns at least 10 per cent, a large part of which earnings goes
abroad.
The carrying trade, both foreign and domestic, is almost entirely by
foreign capital. The Philippines exchange raw material, which foreign capital and brains gather, prepare for market, transport, and
exchange for finished products.
Since American possession the imports through the customs-house
have amounted to 31 millions Mexican. To this add 5 millions estimated imports that have been brought in on transports, making a
total of 36 millions. The exports have been 25 millions, a difference of
11 millions to be paid by the islands.
During the same period (exclusive of islands funds) 30 millions
United States currenc3^, or 60 millions Mexican, has been disbursed by
United States disbursing officers. These funds consisted of $8,500,000
gold, $4,500,000 United States currency, and the balance, $17,000,000,
United States currency, or $34,000,000 Mexican, of checks, drafts, and
telegraphic transfers on New York and San Francisco.
The 11 millions balance of trade was paid out of this last item, leaving 23 millions. Out of this was paid interest on foreign capital due
abroad, funds sent home by United States soldiers and others, and
purchases of Mexican silver in San Francisco and transportation
expenses.
The $8,500,000 gold has practically all disappeared, at least 3 millions
gold having been exported to purchase Mexicans, and the remainder
has been smuggled out or is hoarded.
Of the $4,500,000 United States currency a part has been exported,
but the greater part is probably in the islands; in the banks, in the
hands of disbursing officers, and in limited circulation.
The excess of importation of Mexican silver over exportation is
about 13 millions; this added to the 30 millions currency in the islands
when the Americans came, and the 4 millions United States currenc3^,
equiA^alent to 8 millions Mexican, gives as the volume of mone3^in circulation at the present time 30,13, and 8 = 51 millions; of this amount
about 15 millions in Spanish-Filipino pesos, medio pesos, pesetas, and
media pesetas, and 2^ millions Spanish-Filipino paper money.
There is a great scarcit37' of all kinds of mone3^, but especiall3^ of
fractional currency, and a much larger amount of paper money could
be used to advantage.
There is no standard of value, although silver is the basis. The
amount of pure metal in the Mexican dollars differs, and the SpanishFilipino peso has 8 per cent less pure metal in it than the light-weight
Mexican dollar. All circulate here for more then their bullion value
and no distinction is made between them.
THE EFFECTS ON TRADE OF THE MEXICAN-DOLLAR CURRENCY.
Export trade.—When silver was falling in value the Mexican dollar
was a source of great profit to the capitalistic producer at the expense
of the laborer. With the gold proceeds from the sale of his produce
COMPTROLLER OF THE CURRENCY.
493
he bought Mexicans, with which he paid his laborers, and as silver fell
he bought more and more silver dollars for a given amount of gold,
but paid out the sanie number of silver dollars as before. Wages are
slow to respond to depreciation of money.
The cost of exchange of gold into silver falls on the products, and
hence on the islands. I t is a useless additional expense Avhich, like the
expense due to antiquated machineiy and methods, falls on the producer, and like them should be eliminated. I t is an unnecessaiy
" l o c k " in the stream of commerce.
Middlemen may profit by a silver currency, but neither the original
producer nor the final consumer.
Imports.—The consumer "must pay for the exchange of gold into
silver, and, in addition, for a certain percentage added to the price by
merchants to insure them against the fluctuatibn of silver. They pay
in gold, and must coA^er themselves against loss by selling at a greater
price than the true exchange value of the two imetals. I t is an unnecessaiy expense and risk incurred in getting goods from the producer
to the consumer, which does not better the middleman and is paid for
b3^ the consumer.
If silver is to be the basis of currency, a standard dollar must be
provided and supplied in ample quantit3^ Fractional currency must
be supplied and a sound paper mone3^ provided for. In other Avords, a
ncAv currency must be issued.
If, however. United States currency is to be the currenc3^ of the
islands existing contracts need not be disturbed; the fifteen millions,
more or less, of insular currency can be given a fixed value, Adz, one
United States dollar equiA^alent to two insularipesos, and Mexican and
other foreign silver can be receiA^ed at its bullion value.
The present situation, a double currenc3^, has nothing to recommend
it; the two currencies will not pull together.
Inclosed are letters received from leading merchants and business
men and from heads of departments in repl3^ to inquiries for collateral
information on the banks and banking and the currency, as called for
in cablegram.
Respectfully submitted.
C. F.
PARKER,
First Lieutenant, Second TJ. S. Artillery.
The
SECRETARY OF THE MILITARY GOVERNOR IN THE PHILIPPINES.
[Copy of letter from Mr. D. Bruce-Webster, agent of the Chartered Bank of India, Australia, and
China, addressed to Lieut. Col. C. R. Edwards, Chief of the Division of Customs and Insular Affairs,
War Department.]
T H E RALEIGH,
Washington, D . C , Octoher 2J{., 1900.
On the subject of the currency of the
Philippine Islands you asked me for a few notes.
You are aware that the Spanish-Philippine gold coins have passed
out of use during recent years, owing to their intrinsic value outgrowing that of the silver coins, as the commercial value of the latter
declined in sympathy with the price of silver bullion. The coins
chiefl3^ met with now are:
{a) Spanish Filipino silver peso.
D E A R COLONEL EDWARDS:
494
REPORT ON THE FINANCES.
{h) Mexican dollar.
(c) Filipino silver half dollar (debased).
{dy Filipino silver peseta of 20/100 dollar (debased).
(e) Filipino silver half peseta of 10/100 dollar (debased).
( / ) Filipino copper cuartos and centavos.
(a) This class of coin has been exported in some quantities fpi' surreptitious introduction into Spain.
(h) The Mexican dollar passes freel3^ in all commercial transactions
and is practically the present standard of value.
{c, d, e) Spanish Filipino subsidiary silver coins, and although from
10 to 20 per cent debased, pass current fr.eeW as value for 50, 20, and
10 cents Mexican, respectively.
( / ) The copper coins are to a large extent dilapidated pieces of
metal, on mauA^ of Avhich it is difficult to discern any image or superscription, and although intended to represent cuartos and centavos a
customer has in most cases to accept the ruling of the Chinese or
Filipino small dealers as to which the3^ realh^ are. The f ollow^ing Avere
the relative fixed values. Adz: 20 cuartos ^= 1 real (or 12J cents); 8 reals,
or 100 centaA^os = $l, peso, or duro.
Man3'^ foreign copper coins of neighboring countries are found in
circulation, and the copper 1-cent coin of the United States is now
largel3^ used in Manila, and although a much smaller piece of metal,
passes freely as 2 cents local money, suppl3dng as it does a deficienc3^
of small change.
The gold coins of the United States, the currenc3^ notes of the
United States, and the United States sih^er dollars are all met with in
the occupied places, and have generally passed current in the cities
since the American occupation at the rate of tw^o local dollars for one
dollar of the United States.
I am of the opinion that while the American gold standard might not
take long to be found suitable for trade purposes on a large scale in
Manila, it Avould have a A^eiy disturbing effect generalh^^ throughout
the islands, and be regarded as a hardship b3^ the provincial and wageearning classes until the conditions of trade alter, so as to permit the
payment of an equal number of American dollars for the local dollars
noAV earned. The change Avould be Adolent, and the conditions are not
ripe for it.
The establishment of the American gold standard as the only legal
currency of the islands Avould doubtless facilitate the adjustment of
Government departmental accounts betAveen Manila and Washington,
and afi'ord American merchants an easy basis of calculation; but these
points do not appear to me essential or so difficult to overcome as to
warrant a disturbance of trade conditions in the islands.
The question of expediency is, I presume, not one that Avill materially influence the United States Government in making a premature
change in the whole nature of the currenc3^
Assuming that a change from the present mixed currency is desirable, viewed from all points of interest, and that it should take a form
similar to existing conditions, I am of opinion that the free coinage
of silver at the Manila mint into a distinctly Philippine peso of the
same intrinsic value as the Mexican dollar would least disturb trade
conditions. The British dollar coined at the Bombay mint from silver
imported for that purpose and the extent of all requirements has ful
COMPTROLLER OF THE CURRENCY.
495
filled its purpose in keeping up a suppl3^ of currenc3^ for the colonies
of the Straits Settlements and Hongkong, rendered necessaiy b3^ the
discontinuance of coining the Japanese sih^er 3^en and the groAAdng
scarcity of Mexican dollars. It is also finding its Ava3^ into parts of
China, filling the gaps caused b}^ the disappearance of the 3^en and the
scarcity of Mexican dollars. These coins are accepted b3^ the Chinese
for their knoAvn intrinsic A-alue, knoAving that onl3^ for its intrinsic
worth is mone3^ a measure of A^alues.
A Philippine peso of equal A-alue would have the adA^antage of finding a market in China when its merits became knoAvn, and Avould be
a medium of exchange for the adjustment of trade balances when a
plethora of currenc3^ existed in the islands.
I t appears to be considered desirable in official circles that the currenc3^ of the United States should be maintained at a high valuation,
measured in the local currenc3^ of the islands, and this could be maintained b3^ the facilities afi'orded for free coinage of the local peso
whencA^er an3^ scarcit3^ arose Avhich tended to reduce the A-alue of the
American coin so measured.
Hitherto the trade of the islands has shown an excess of exports
OA^er imports, which has been adjusted 113^ the introduction of Mexican
and coinage of Spanish Filipino currenc3^ I surmise the balance of
trade will for some time be in favor of the Philippines, though perhaps in the earlier stages, after a state of peace, the introduction of
machineiy, etc., Avill minimize this, but, assuming m3^ inference Avill
be realized, there Avill be less occasion for the export of the currencA^
and a more probable need of the import of sih^fer for coinage purposes.
The latter process Avill be a more reliable source of adjustment than
the existing uncertaint3^ of promptlv^ obtaining supplies of Mexican
dollars.
Should it be decided to issue a coin of slightly less intrinsic A-alue
than the Mexican, the export of such coin would be less probable, its
A-alue as a commercial commodit3^ being less, unless the Government
adopt a fixed ratio between such coin and United States currency, a
point upon the wisdom of Avhich I do not fe^l called upon to express
an opinion.
The conversion of the Japanese currency from a silver to a gold
basis is worthy of consideration, and it might be feasible to issue
Philippine gold peso coins of half the value of the United States gold
coins, of five, ten, and twenty dollars. Such coin would, hoAvever, be
even more liable to export for melting purposes than the Japanese 3^en,
while the balance of trade is so much more in favor of the Philippines
than is the case Avith Japan.
Assuming that an estimate of 35,000,000 pesos is sufficient for the
trade of the Philippines now and insufficient for a largely increased
trade in prospect, the question would arise Avjiether the United States
Grovernment would be willing to see its gold Avithdrawn°to supply the
deficiency of gold pesos caused b 7 export.
3^
In conclusion, I would say that in my opinion—
(1) The present standard of value (the equivalent of the Mexican
dollar) should be maintained by a silver peso, which would leave prices
undisturbed.
(2) By adopting the American standard, values Avould require to be
adjusted and instead of prices being nominally halved they would
practicall3^ be doubled.
496
REPORT ON THE FINANCES.
(3) The silver peso should bear the imprint of the Government's
authorit3^, and so carry with it a good political influence. "Render to
Csesar the things that are Csesar's," etc.
(4) The proposition of such a coin appears to admit of the least
opposition from trade interests in the Philippines and from political
interests in the United States.
(5) As a charge of 1 per cent for mintage is made 13^ the Bombay
1^
mint, it is conceiA^able that the mint at Manila Avould be to some fair
extent self-supporting if a similar charge were made.
Much has been said and Avritten against the action of the banks in
Manila in converting the gold coin brought to it into local Philippine
currenC3^ It has not been understood, seemingly, that the legal tender in the islands has not been changed by the transfer of ownership,
and that, so far as the banks are concerned and others interested
in large mone3^ transactions, the United States money can not legally
be tendered by them in settlement of accounts, and must therefore be
treated as bullion and be liable to fluctuating local prices as such. For
this reason it is an error of sentiment to think that the local price of
United States currency indicates or affects its popularity, measured in
sentiment, but merely its utilit3^, measured in the local standard of
value, the peso. The banks haA^e been accused of undul3^ depressing
the price by those who have not apparently been familiar with the
governing principles; and it has been said that this was done about the
time and in anticipation of pa3^ day. Those who ma3^ have entertained
that view must have done so without due thought, and I may sa3^ that
during m3^ experience no instance of such a thing occurred in the
Chartered Bank. It should be obvious, also, that as mone3^ takes time
to circulate the greater portion remains in circulation and reaches the
banks in an CA^en flow in S3^mpathy with the tide of circulation. These
matters are, I know, fully understood by you and by other officials in
high places here, but I think it not unadvisable to touch upon them as
I have done.
Very respectfully,
G. BRUCE-W^EBSTER.
P. S.—^The present currency scheme in British India has not proved
altogether a success (Rs. 15 = <£1), as, although it has kept exchange
fairly steady, the gold has not been in demand as a circulating medium
in the interior, and the circulation practically remains the silver rupee.
J. B.-W. .
[Mem.orandum for the Secretary of War. Currency and exchange in the Philippines, by A. M.
Townsend, of the Hongkong and Shanghai Banking Corporation.]
Y^iEi^ Yo^-K, Octoher 31,1900.
The established currency in the Philippines for all mercantile and
financial business whqn the United States took possession Avas the
Mexican silver dollar. Silver being the currency of Hongkong,
China, and the Straits Settlements, it is the natural currency of the
Philippines, and is acceptable to the natives and foreign firms established there.
Since the American occupation a large amount of American gold
dollars haA^e been introduced into the islands, chiefly for army purposes, and I understand that the military authorities have recently
COIVIPTROLLER OF THE CURRENCY.
497
suggested that the American gold dollar be adopted as the regular
currency of the islands. I presume the considerations leading to this
suggestion are desired for the simplification of Government accounts^
desire to avoid complications of a fluctuating exchange, and an idea
that recent rise in the value of the Mexican dollar (due to a corresponding rise in silver and possibly accentuated by a shortage in the
local supply) was occasioned by a conspiracy among the bankers.
Regarding the above, I would say that banking operations are conducted on small margins. Anyone can test tliis b3^ trying to do similar business on their own account. The Hongkong and Shanghai Bank
has ahvays endeavored to accommodate and facilitate the business of
the United States officials, and its exchange charges are not arbitrary,
but follow values. I do not think that the adoption of the United
States gold dollar would do away with a fluctuating exchange or the
influence of the condition of the local supply. The English sovereign
fluctuates in value in America and Australia according to the laAvs of
demand and supply and according to. the cost of transportation. The
same would apply to the Philippines, and I do not think, for these
reasons, that the parity of exchange could be maintained. I therefore
do not believe that the adoption of the gold standard would accomplish
the object sought. On the other hand, I believe it would be directly
opiDosed to the native and commercial interests of the islands, which 1
understand are the chief concern of the United States Government.
In support of this I would quote from Secretaiy Root's speech of the
24th of October, in which he rnentions the following instructions as
having been given to the present Philippine civil commissioners:
" I n all forms of government and administrative provisions which
they are authorized to prescribe the commission should bear in mind
that the government that they are establishing ds designed not for our
satisfaction or for the expression of our theoretical views, but for the
happiness, peace, and prosperity of the Philippine people, and the
measures adopted should be made to conform- to their customs, their
habits, and even their prejudices fo the fullest extent consistent with
the accomplishment of the indispensable requisites of just and effective
government."
Among Eastern nations Japan has recently adopted a gold standard,
but it is to be noted that it is on the 50-cent basis, and the result of
the change is not altogether satisfactoiy, the question of keeping up
the supply of gold causing some anxiety. The halting attempt also
in British India to establish a gold currency has not proved a success,
silver continuing the money of the country. Mexico, on the other
hand, shows increased prosperity and wealth and attributes the same
to the advantages of the silver currency. The wealth of the country
depends more on its products than on its cash balances, and the best
method of any countiy paying its debts, either of commerce or those
due on state account, is by its exports.
The chief object to be sought, therefore, is the improvement and
development of trade, and this object, in my opinion, will be best
attained by not disturbing the existing systeni of currenc3^ I have
no doubt but that the ideal currency of the whole world is gold, but
that can only be looked for when the present supply of gold is very
largely increased. To attempt to spread the use of gold OA^er a larger
territoiy than the supply justifies would lead toi financial disturbances,
distrust, and disaster.
FI 1 9
0 0 — 3 2
498
REPORT ON THE FINANCES.
I t was only the increase in the supply of gold from the Transvaal
and the Yukon that enabled the late increase in gold-using territory to
be established.
In the above remarks I have endeavored to show that it is expedient and conducive to the commercial interests of the Philippines that
the currency should continue on a silver basis. I Avill now refer to the
method by which it might be so continued.
The Mexican dollar has been the coin chiefly used in the Philippines
and in China. I t weighs 415 to 418 grains and is 898 to 900 fine, and
costs one-half of 1 per cent for coinage.
I t was used because it was the cheapest available coin.
Of late years, owing to the increasing wealth of Mexico, the export
of Mexican dollars haAdng decreased the suppl3rfor the Orient has been
uncertain and insufficient and there was alw^a3^s.the objection that the
coins were badl3^ and unevenl3^ made. These considerations led to the
introduction of the British dollar of the sariie professed weight and
fineness as the Mexican, viz, 416 grains A eight and 900 fine, coined at
V
the Bomba3^ mint, at a cost of 1 per cent. Although this coin is at a disadvantage as compared Avith the Mexican dollar, by reason of its higher
cost, yet, being obtainable as required and of reliable make, it has
quickl3^ made its A ^y and is now the chief coin used in the Straits,
Aa
Hongkong, and the south of China. Of late it has circulated also in
the north of China.
This coin Avould be suitable also for use in the Philippines, as it
would go alongside of the Mexican dollar at par; but, as the islands
are under the American flag, it would seem more suitable that this
Government should coin a special dollar, of similar weight and fineness
as the Mexican and British dollar, obtainable as required for currenc3^
in the Philippines. Such a coinage could, of course, in no wise aff'ect
the question of the gold standard in the United States, and would seem
a legitimate way of supporting the silver industiy of the country.
Many 3^ears ago an American trade dollar was coined with a Adew of
supplying the Orient with American sih^er, but a mistake was made in
making it weigh 420 grains, 1 per cent more than the Mexican dollar.
I t therefore cost 1 per cent more, besides its higher cost in coinage,
whereas it would onl3^ pass in China at the same A-alue as the Mexican
dollar. I t Avas, therefore, a failure, except for the melting pot. What
remained of this coinage had to be redeemed by the United States at a
considerable loss to the GoA^ernment.
If it had been made to weigh 416 grains it Avould have replaced the
Mexican dollar, made the coinage of the British dollar unnecessary,
and by this time become the coin of the Orient.
This emphasizes a point that I would make, viz, that all currency
matters are most important and require delicate handling, and it is
therefore most desirable that no changes should be made in the Philippine currency without such changes being fully considered and
approved by the Government at Washington.
Regarding the Government accounts, if a silver currency was continued, I would suggest that they could be simplified to a large extent
by having a rate of exchange fixed to coA^^er such disbursements as the
pay of officials and soldiers, and many other such matters that could be
made the subject-of special contract. The payee might be giA^en the
option of drawing the money either in gold dollars in America or in
silver dollars at the rate named in the Philippines. But I do not suppose that
such a plan would cover all Government transactions.
COMPTROLLER OF THE CURRENCY.
499
[Letter of Gen. A. E. Bates, Paymaster-General, U. S. A., addressed to the Secretary of AVar, relative to
currency in the Philippines.]
W A R DEPARTMENT, PAYMASTER-GENERAL'S
OFFICE,
Washington, Octoher 17, 1900.
The
SECRETARY OF W A R .
SIR: The currency in the Philippines, which has been the subject of
SO much correspondence between the authorities in the islands and the
War Department, is still a potent agency of disturbance, and it seems
necessary to do something, if possible, to change the condition so as to
enable us to transact our governmental business with that possession
with more exactitude and less expense to the United States, and at
the same time relieve the officers, soldiers, and employees of the
Government from the losses they are now subjected to on account of
the fluctuating value of the currenc3^ in use there.
Colonel EdAvards, of the insular diAdsion of the W a r Department,
has prepared a very careful resume of the histoiy of our busines experience in that dependency since our occupation of the islands in 1898,
including the correspondence on the subject, which is submitted herewith, giving a detailed account of the difficulties encountered and the
suggestions of officers and civilians for their remoA^al. None of these
suggestions have seemed to meet the exigencies of the occasion, and
after a careful review of the statements I have the honor to submit the
following for your consideration:
I t is apparent that the difficulty is natural and one Avhich must
necessarily arise when a general goAi^ernment iwhose business is transacted on a stable gold basis extends its sovereignty to and attempts to
transact business with a possession whose currency has no legal status
and where the commercial business is transacted on the basis of the
fluctuating value of the Mexican dollar. Tjhe conditions Avould be
difficult if the Philippines were supplied with a legal sih^er currenc3^,
for in that case we Avould have to deal with the fluctuations of the
Avorld's value of silver; but in addition to the; fluctuation in the value
of the Mexican dollar, OAving to the changes in value of sih^er, there
arises another and greater fluctuation from \ the fact that there is a
limited amount of this currency and the demand for it changes with
the conditions in those countries where it is the means of exchange in
all commercial transactions—that is to say, the Mexican dollar has an
intrinsic A-alue varying with the price of silA^^er in the great silver
marts of the world, London and New York, and a commercial value
gOA^erned by the law of suppl3^ and demand.
This is illustrated in our experience during the past two 3^ears in
the Philippines, where at one time a United States gold dollar Avas
w^orth $2.11 Mexican, and at another time the same dollar was worth
but $1.96 Mexican, a fluctuation of 15.cents, whereas the extreme limit
of fluctuation in the value of silver would not have changed the value
of the Mexican dollar more than $0,058. The,result is confusion.
When the Government contracts for the purchase of a commodity not
delivered on the day of contract the price it must pay is uncertain,
and when it pays its Army or its employees in United States currency,
as it does, neither officer, soldier, nor workriian knows what is the
purchasing power of his money until he has converted it into
"'Mexicans."
There are two ways of OA^ercoming this difficulty: First, the United
States might make the currency of this country the legal currency of
500
REPORT ON THE FINANCES.
the archipelago, and require all business in which the Government is
a party to be transacted on such basis; second, it might go into the
market and buy as much Mexican money (dollars) as was necessaiy
and use them. This latter is the method emplo37ed b3^ priA^ate parties
doing business in such a country; The objection to the first plan is
that it would inaugurate at once an entire change in the methods of
business, and b3^ changing to a gold basis Avithout time for preparation
Avould throw the business of the islands into a state of the greatest
confusion, cause great and unnecessaiy loss, Avith the consequent want
and distress among the natiA^es, thus creating a corresponding antagonism to the United States. The second plan is objectionable mainl3'^
on account of the great expense to the GoA^ernment and the poAver it
giA^es the banks to manipulate the price of Mexicans to their own
advantage.
It would seem necessaiy, therefore, that Ave should adopt some
measure which would alleviate the present situation and which at the
same time would prepare the wa3^ for the final adoption of the currenc3^
of the United States as the legal currency of the islands. Various
suggestions have been made b3^ officers and bankers to remoA^^e the
difficulty, and some of the suggestions are wortly of great consideration.
Major McClure suggests that the chief paymaster be furnished with
half a million Mexican dollars, bought in the United States or in the
cheapest market where they are to be had, which he should be authorized to exchange Avith the Arni3^ or Government emplo3^ees for gold
currency at the cost price of the dollar. This would act as a relief for
the people as long as the purchase price of the Mexican was less than
the local price in Manila; but should the United States Government
make such a purchase and, haAdng this amount of Mexican sih^er on
hand in Manila, there should be such a depreciation of v^alue in the
Mexicans that t h e j could be bought cheaper in the local market,
neither officer, soldier, nor emplo3'^ee would bu3^ his silver from the
pa3aTiaster, but from the banks where he could obtain it more advantageously, and ultimately the Government Avould be obliged to dispose
of it at the market rate, and sustain whatever loss might come from
the transaction.
General Otis and the treasurer of the public funds (Major Kilbourne,
U. S. A.) report that " a n attempt to make the revenues (island revenues)
pa3^able in gold would result in financial disturbance, Avith widespread
indignation and resistance, for the native would not comprehend any
argument in its favor, but would look upon it as an additional t3^rannical act of the United States." General Otis also objects to requiring
the treasurer to convert his collections into their equivalent A-alue in
gold and to keep his accounts in this manner, the present method being
to receive and pay out all money on the basis of the Mexican dollar.
He adds: ' 'A change from this method of procedure would result in such
grave consequences that unless future and positive instructions to make
such a change are given by the War Department the course hitherto
pursued will be continued for the present at least."
According to the testimony of the prominent merchants, bankers,
and others before the Philippine Commissioners in 1899 the consensus
of opinion was that the currenc3^ of the islands would better remain
silver on the basis of the Mexican dollar. I would invite the attention of the honorable Secretary, in this connection, to the fact that these
COMPTROLLER OF THE CURRENCY.
501
gentlemen were all more or less expert in the value of currency, and
in their dealings with the uneducated natives would have a greater
advantage for profit than the3^ would have if their dealings were based
on a less fluctuating means of exchange, and the yalue of their evidence and opinions should be judged accordingl3^
The consul at Manila, in answer to a letter addressed him by the
honorable Secretaiy of State', suggests '' that b3^ making a gold dollar
the equal of two Philippine dollars a steady rate of exchange would be
accomplished." Of this it need only be said that the histoiy of the
attempt to use two metals at a ratio fixed b3^ law in the United States
has proved that he is mistaken, and the rate of exchange will always
be fixed b3^ the relative value of the metals and the state of trade.
In should be borne in mind that the difficulties in connection with the
confused state of the currency in the Philippines arise in adjusting and
auditing the accounts of the collecting and dlisbursing officers in the
islands by the Auditor in Washington, where all accounts are required
to be stated in terms of United States currency. The insular government has no difficulty as long as they receive and pay out the money
of the islands at its nominal value. There is no difficulty with the
departments of the Army as long as, like the Pay Department, they
confine their transactions exclusively to the United States currenc3^
The trouble arises when it is necessaiy to use money for the purchase
of supplies or the payment of native labor, aind with the individuals
who receiA^e their pay in gold and are obliged to convert it into the
currency of the country.
The banks, taking advantage of their position, will not open accounts
with customers on a gold basis, so that those who have received gold
from the United States and wish to deposit it in a bank are obliged to
accept a credit with the bank expressed in silvier at the current rate of
the day, and in turn, if the3^ desire to draw gold from the bank, they
are obliged to buy it back at the rate then current, thus making every
depositor in a bank a speculator in the value of Mexicans to the extent
of their deposit. In case the deposit is public money, such as a compan37; fund or money belonging to a hospital, or any fund for which
an. officer may be responsible and which he has no convenience for
guarding or safe-keeping, the officer becomes personally responsible
for the loss, if such there be, while the money lis lying in the bank for
safe-keeping. Could a depositor, by depositing gold in the bank, be
able to draw gold out again, he could control his losses and confine
them to the amount he was obliged to use for current expenses, and
whatever balence remained to him at any time he could withdraw in
gold Avithout loss.
The points brought to your attention, and tor which a remedy is
asked of the War Department, are, first, the establishment of a regular and invariable rate of exchange between United States currency
and Philippine mone3^ or Mexican dollars, which will enable disbursing officers in the Philippines to exchange their gold for currenc3^ of
the countiy and pay it out, stating their accounts in terms of United
States currency, without loss to themselves or the Government; second, to issue such orders or take such action as Avill enable the servants of the Government to exchange the gold the3^ receive in pay for
its full equivalent in the currency of the countiy.
In m3^ judgment the first requirement can not be fulfilled. The rate
of exchange will be fixed b3^ local conditions and natural laws which the
502
REPORT ON THE FINANCES.
Government must meet as a private individual would be obliged to do.
At the present time a rate of exchange is fixed arbitrarily by the
commanding-general at the rate of two Mexican dollars for $1 in gold,
but this is operative only b3^ the consent of the banks and will not last
should the scarcity of Mexican dollars become such that the banks can
not afford to take them at the arbitraril3^ fixed A^^alue. Where Mexican
dollars are necessary for theproper transaction of GoA^ernment business,
they must be bought at the market rate and the loss charged to Government account. If, by a combination, the banks of Manila raised
the price of Mexicans to such a point that it would be economy to do
so, Ave should send to Hongkong or Shanghai and make the purchase
there if they can be obtained enough cheaper to pa3^ for the expense.
All Government and insular accounts should be kept on a gold basis,
as prescribed in general order published b3^ the War Department,
April 10, 1899.
Money received from customs taxes, postal revenues, etc., should
be received as at present and the dail3^ receipts converted into its
equiA^alent in gold, and at some time in the future, the date of Avhich
should be announced a long time in advance, all payments to the island
government should be in United States currency or its equivalent at
the time of payment.
As soon as authority can be had from Congress, the mint in Manila
should be opened for the free coinage of silver and a Philippine currency coined on the basis of a Philippine dollar of the weight and
fineness of a Mexican dollar, with a subsidiary coinage of half dollars,
quarters, dimes, and 5-cent pieces, together with copper, pieces of
pennies and half pennies. This subsidiaiy coinage should be debased
enough to prevent it from being melted or sent out of the country.
Our own mints should also be permitted to coin similar dollars for
export to the Orient—not legal tender. This Philippine currency
should not be giA^en a legal-tender value, but be allowed to circulate on
its intrinsic value, and as such be receivable for customs taxes, etc., as
Mexicans are at present. This would remove the possibility of a speculative corner in the currency of the islands, make the currenc3^ of the
countiy uniform, gratif3^the pride of the natives, and tend to cultivate
among them a national spirit, and ultimately a feeling of gratitude
to Avar d this countiy.
In regard to the second difficulty, I am unable to see how the Department can do anything to relieve what is undoubtedly often a hardship
on the army employed there. The civil emplo3^ees should be paid in
Mexicans, which should be bought for the purpose until the new coinage can be obtained.
In an interview with a representative of the Chartered Bank of
India, Australia, and China, I have been informed that they had made
arrangements to open gold accounts with officers on account of public
funds more than a year ago, and in fact had opened such an account
Avith Major Devol on account of some quartermaster funds Avhich he
had in his possession. On this account the Major made one deposit
and in due time checked out the amount, deposited and the account
Avas closed. The objection the bank makes to opening such accounts
with individuals and others is that they can not employ gold so
deposited in their business, but are obliged to store and hold it until
it is Avithdrawn by the parties depositing. Thus the bank is obliged
COMPTROLLER OF THE CUIIRENCY.
503
to run a separate branch at considerable expense and trouble from
which they can derive no profit.
After some conA^ersation and explanation of the embarrassment to
officers, especially of being obliged to retain in their personal possession the money necessaiy for their current expenses, he concluded that
if the different departments in making purchases b3^ contract would
follow the example of the Subsistence Department and require the bids
to be specified in terms of United States cur|rency, that it might give
them an opportunit3^ to use the gold accumulating from the private
deposits with their customers, the contractors, and justif 3^ them in opening such accounts. He promised to communicate at once with the
directors in London and try to perfect the arrangement for this muchneeded banking facility.
Whether this scheme succeeds or not, I think there is no doubt that
the purchasing officers there will be relieved of some of their embarrassment if they are directed to state in all their advertisements that
pa3^ment will be made in United States currency or b3^ drafts on the
assistant treasurer in NCAV York, or its equiA^alent in Mexican ori the
date of deliveiy. I am informed b3^ this sanie gentleman, Mr. Bruce
Webster, that the system of free exchange ori NCAV York,, introduced
by the Pa3miaster-General in September, 1899, was a great relief to
the banks, greatly facilitating their business transactions with this
countiy. He expressed great surprise to learn that for the past three
months, during his absence from Manila, all receipts from this source
has ceased.
Veiy respectfull3^,
A. E. BATES,
Payma^ster-General, TJ. S. A.
HEADQUARTERS DIVISION OF THE PHILIPPINES,
O F F I C E OF THE C H I E F COMMISSARY,
Mam^ila, P . Z , August 2^, 1900.
SIR: Repl3dng to your communication of August 23, I have to say
that I have found it impossible to do any business with the banks of
this city, owing to the fact that they Avere unwilling to handle United
States currency or Treasuiy checks in any form without charging a
discount.
I am unable to furnish you the data asked for in questions 1 to
5, as the records of this office in my possession only extend back
to Januaiy, 1900, since which time, however, the answer to these
questions would be " None."
Respectfully,
C. A. WOODRUFF,
Col. and Asst. Commissa/ry-General of Suhsistence.^' TJ. S . A . , '
Chief Commissary.
First Lieut. C. F . PARKER,
Second TJ. S. Artillery, Treasurer Philippine Archipelago,
Mcmila, P . I .
504
REPORT ON THE FINANOES.
HEADQUARTERS DIVISION OF THE PHILIPPINES,
O F F I C E OF THE C H I E F PAYMASTER,
Mam^ila, P . Z , Septemher 6, 1900.
. SIR:
*
*
*
-x-
*
*
*
I am not familiar with the business methods of the banks in Manila.
The money received from them is in exchange for credits cabled them
in New York. After receiving the money from them I cable the
Paymaster-General, asking that the amount be credited the Manila
Bank with their correspondent in New York, giving name of bank.
The amount is then placed and I notified. No charge for exchange has
been made. I have received no money from the banks since July 1.
Respectfully,
A . S. TOWAR,
Lieut. Col., Deputy PoAjmaster-General, TJ. S. A..^
Chief Paymaster.
First Lieut. C. F . PARKER,
Second TJ. S. Artillery., Treasurer Philippine Archipelago,
Mamjila.^ P . I .
Statement showing amount of money hrought into the Division of the Philippines hy tlie Pay
Department, TJnited States Army, from the occupancy of the islands hy the United States
to Septemher 1, 1900.
Gold
Silver
Currency
.-
: $8,330,500.00
938,065.00
3,670,000.00
Total
12,938,565.00
Statement showing amount of money received from the hanks at Manila during the same
period in exchange for credits given hy cahle in New York.
Gold
Silver
Currency
Total
$1,130,520.00
435,807.00
1,038,673.00
....:
2,605,000.00
The average monthly disbursements since the army has been at its present strength
in the islands is $1,379,900.
Amounts received from individuals in exchange for drafts on the assistant treasurers United States, New Yor]i and San Francisco, from occupancy of islands to
June 30, 1900, $2,982,050.43.
Amount received from this source for months of July and August, 1900, can not
yet be stated, but is estimated at $223,000.
Amount disbursed since occupancy of the islands to July 1,1900, is $20,490,083.49.
505
COJytPTROLLER OF THE CURRENCY.
UNITED STATES CUSTOM-HOUSE,
Manila, P. I.
Importation of currency hy Hongkong and Shanghai Bank and Chartered Bank from
'August 13, 1898, to August 21, 1900. Port\of Manila, P. I.
[ I t e m s m a r k e d a a r e g o l d or U n i t e d States c u r r e n c y ( M e x i c a n v a l u e ) . ]
Hongkong and Shanghai Bank.
Chartered Bank.
Valuation
in Mexican
currency.
A u g . 28
A u g . 31
Sept. 15
N o v . 11
N o v . 19
N o v . 26
Dec. 6
Dec. 8
D e c . 21
•S99,900
100,000
100,000
100,000
246,000
50,000
176,000
250,000
250,000
T o t a l for 1898 . .
1,371,900
Date.
A u g . 31
Sept. 19
Oct. 8
Oct. 10
Oct. 21
N o v . 11
N o v . 19
N o v . 26
Dec. 6
Dec. 8
75,000
4,000
8,000
10,640
2,000
25,000
9,000
17,500
25,000
40,870
50,000
2,000
50,000
300,000
58,000
150,000
8,000
50,000
100,000
100,000
50,000
100,000
100,000
2,000
7,000
158,000
60,000
100,000
76,000
112,000
15,000
a100,000
35,000
136,000
131,000
7,000
27,000
;
T o t a l for 1899...
2,301,010
1,606,000
1899.
:
217,500
F e b . 13
Sept. 8 .
Oct. 1 1 .
Oct. 3 1 .
N o v . 13
N o v . 22
,
,
200,000
50,000
200,000
197,000
300,000
91,000
Dec. 8 .
T o t a l for 1899 . .
1900.
Jan. 2
Jan. 2
Jan. 8
Jan. 8
J a n . 16
J a n . 22
J a n . 24
F e b 19
F e b . 27
M a r . 19
M a r . 26
Apr. 2
Apr. 2
Apr. 2
Apr. 5
Apr.C
:.
$300,000
100,000
167,000
, 225,000
50,000
50,000
219,000
250,000
168,000
77,000
T o t a l for 1898.
1899.
J a n . 16
Feb.4
Feb.25..-.:
Mar. 2
Mar. 2
M a r . 28
June 2
June?
V
J u n e 15
J u n e 24
J u n e 26
Julys
Julys
J u l y 21
J u l y 26
J u l y 31
Aug. 7
A u g . 14
A u g . 14
A n g . 24
Aug.24......,
A u g . 28
Sept.i
Sept. 8
Sept.8
Sept. 8
Sept. 11
:
Sept. 1 4 . . . . .
Sept. 18
Sept. 22
Sept. 27
Sept.30
Oct. 11
Oct. 9
Oct. 16
D e c . 11
D e c . 12
!
Valuation
in Mexican
currency.
1,255,500
. 1900.
33,000
40,000
50,000
42,000
450,000
a 12,114
14,000
4,000
59,000
1,100
75,000
a17,000
15,760
33,000
650,100
6,600
Jan. 5
Feb. 13
Mar. 6
Apr. 6
Apr. 23
M a y 12.
20,000
17,000
200,000
50,000
258,800
170,000
506
REPORT
ON T H E
FINANCES.
Importation of currency hy Hongkong and Shanghai Bank and Chartered Bank from
August 13, 1898, to August ^ i , 1900. Port of Manila, P . J.—Continued.
[Items marked a are gold or United States currency (Mexican value).]
Honkong and Shanghai Bank.
Chartered Bank.
Valuation
in Mexican
currency.
Apr. 17..
Apr. 23 ..
Apr. 27..
May 1 . . .
May 10 ..
May 14..
May 22..
May 24.-.
June 1 . .
June 11 .
June 1 5 .
June 21 .
June 2 3 .
June 2 2 .
June 25 July 2 . . .
July 2 . . .
July 16 . .
July 19..
July 2 1 . .
July 27 ..
July 30..
Aug. 4 . . .
Aug. 21..
1900.
S89,600
136,000
191,000
156,000
83,000
72,000
84,500
161,246
. 32,650
57,800
111,000
175,000
a18,494
170,000
25,000
380
100,000
25,000
224,617
52,000
86,800
3,448
31,800
270,000
Date.
June 15
June 22
June 2 3 . . .
July 21
July 25
Aug. 7
Aug. 13
Valuation
in Mexican
currency.
1900.
$189,500
40,000.
119,500
204,000
138,500
295,500
91,950
Total for 1900
| 3,860,009
Total
1,794,750
Granid total
j 7,532,919
Grand total.
4,656,250
UNITED STATES CUSTOM-HOUSE, MANILA, P. I.
Exportation of currency hy Hongkong and Shanghai Bank and Chartered Bank, from
:
. August 13, 1898, to August 21, 1900, Manila, P . I.
Hongkong and Shanghai Bank.
Date.
1898.
Sept. 6 (silver bars)
Sept.6....:
Oct.l
Dec. 12
$275,000
a 100,000
a 360,000
216,000
1899.
Jan. 11
Jan. 28
Feb.8
Feb. 8
Feb. 17
Mar. 1
Mar. 9
Mar.25
Apr. 24
May 9
May 24
,
June 21
June 24
July 1
July 24
July 24
Aug.l2
Aug. 3 1 . . . . ,
Aug. 31 (United States silver)
Aug.31
Sept.2
Sept. 14
Sept. 23
112,000
50,000
a 6,000
a 67,000
a60,000
a 60,900
a61,200
a142,800
a 268,400
22,000
a80,000
40,000
6,000
a 80,000
a160,000
a80,000
a120,000
a90,000
a100,000
a100,000
8,500
a220,000
12,000
Chartered bank.
Valuation
in Mexican]
currency
A^al nation
[in Mexican
currency.
Sept. 28 Nov. 5
Nov. 5
Dec. 24
1898.
1899.
Jan. 28
Feb.4
,
Feb. 15 (United States silver)..
Mar. 29
April 12 (United States silver)
Mayl
June 24
June 24 (Government notes) ..
Aug. 3
Nov. 20
Dec. 15
Dec. 29
May 15 (gold bars)
a$188,000
a460,000
18,000
a710,250
a 200,000
alOO, 000
a120,000
a100,000
a72,000
a150,000
a300,000
a284,000
a200,000
a 160,000
6,257
a l l , 000
a 5,000
507
COMPTEOLLEE OF THE OUEEEKCY.
Exportation of currency hy Hongkong and Shanghai Bank and Chartered Bank, from
August 13, 1898, to August 21, 1900, Manila, P. J..—Continued.
[Items marked a are gold.or United States currency (Mexican value).]
Hongkong and Shanghai Bank.
Valuation
in Mexican
currency.
Date.
Nov. 4
Nov. 9 ..
Nov. 12
Nov. 25...
Dec. 5
Dec. 20....
Jan. 29
Feb. 2 3 . . .
Mar. 24
Mar. 16
Apr. 9
July 30
July 20...
July 23
Aug. 3
1899.
.
Valuation
in Mexican
currency.
Date.
$200,000
100,000
100,000
150,000
200,000
200,000
.
1900.
...
Chartered Bank.
. a 10,000
. a6,000
24,000
a4,000
12,000
a30,000
200,000
100,000
200,000
.
4,434,700
Total
Total ..
$3,089,757
NOTE.—The foregoing report represents importations and exportations of gold, American silver,
local or Mexican currency, and silver bars stated in their respective values in Mexican currency—i. e.,
the classification is given in all cases where the importation consisted of other than Mexican or local
currency, but the valuation of such importations is stated in Mexican currency at the rate of 2 for 1,
Respectfully submitted.
;
W. F. SPURGIN,
Lieutenant-Colonel, Sixteenth TJ. S. Infcmtry,
Collector of Customs ofthe Islands am.d ofthe Chief Port.
UNITED STATES CUSTOM-HOUSE,
Ma/nila, P . I., August 30, 1900.
U N I T E D STATES CUSTOM-HOUSE,
Mam^iUyP. Z , August 29, 1900.
Imports and exports, Manila, P. I., exclusive of gold and silver coin.
Imports.
Value. ;
Exports.
.
...
Value.
$5,380,603
17,456,126
7,993,591 '
$777,904
3,364,090
2,345,287
$5,165,356
9,701,145
10,320,302
$167,683
374,807
280,008
30,830,320
Year 1898, from August 20
Year 1899
Year 1900, to July 1
Duty.
6,487,281 25,186,803
822,498
Duty.
All amounts in United States currency.
Respectfully submitted.
W. F . SPURGIN,
Lieutenant- Colonel Sixteenth TJ. S. Infantry.^
Collector of Customs ofthe Islands and ofthe Chief Port.
508
REPORT ON THE FINANOES.
[Copy of letter from Macleod & Co.]
MANILA, Septemher 10, 1900.
SIR: We regret that we have been unable to reply to your favor of
the 27th ultimo until now, and we hope that you will pardon our nonacknowledgment of your letter.
'
.
Our knowledge of currency questions is simply that of merchants,
and the banks operating here miist have a much fuller knowledge than
we of what is the best medium for currency. We can only reply to
your queries in yery general terms, as follows:
Mexican ciirrency.—^This would be as suitable as any other silver
currency, if the supply of Mexican dollars were not affected by the
balance of trade in Mexico. As things are, these dollars often cost
much more than their intrinsic value.
The gain or loss of exchange of Mexican dollars falls naturally on
the inhabitants, native or foreign, of the islands. While bankers and
traders may suffer at times from fluctuations in value, it may be taken
that the produce of the islands pays ultimately for all losses on currency manipulations.
For payment of exports and imports the Mexican dollar forms the
chief medium. It is the real currency of the islands, as the amount
of Spanish-Philippine dollars, etc., and American coin in circulation
forms a very small proportion of the specie required to finance the
trade of the country.
Needs of ciirrency.—0\XY idea is that whatever tends to insure a
permanency of value of currency, as compared with that of gold-using
countries, will best suit the needs of the islands. We think that the
present arbitrarily appointed idea of standard—2 local dollars to 1
United States dollar—might be taken as a basis, least liable to cause
dislocation of interests here, and that a currency similar to that of
Japan might be established; that is, a dollar of a value of 50 cents
United States currency might be issued. It should preferably be in
Government paper, similar to greenbacks, backed by an ample gold
reserve in the Treasury. We should suggest that gold coin be issued
in the smallest possible quantities, so as to prevent speculation in specie, and that notes from %\ up take the place of coin. Smaller currency could, of course, be made up with any suitable metal, giving
preference to the form of subsidiary coin now in use.
Weight and fineness of coin.—The weight and fineness of the coins
now in use are well known. If a new silver dollar were introduced
here, we should suggest making it exactly equal in value to the British dollar in use in the neighboring colonies. This would put a stop
to local exchange difficulties, even while it left the question of gold
exchange more or less in the present state.
Balance of trade.—This is steadily in favor of the islands, but its
effect here hitherto has been neutralized by the continual remitting of
money to Spain and elsewhere. With a strong administration, and
with public confidence in investments here, it may be supposed that
the proceeds of the produce of the islands will remain and be invested
here; and even that money will begin to come here from abroad for
investment instead of the reverse operation taking place. However,
we think that the value of exports will always exceed that of imports,
and that the tendency will always be toward increased currency wants.
COMPTROLLER OF THE CURRENCY.
509
Given confidence of outsiders in Philippine investments, ver^^ large
sums will be required to finance the new enterprises which will start
throughout the islands.
We are, sir, your obedient serA^ants,
MACLEOD &
Co.
First Lieut. .C. F. PARKER,
Treasurer of the Philippine Archipelago, Manila.
[Copy of letter from Smith, Bell & Co.]
MANILA, Septemher I^., 1900.
-
SIR: We have now the pleasure of replying to your letter of the
27th ultimo. The currency of the islands consists of Mexican dollars
and Spanish subsidiary coins, 50, 20, and 10 cent pieces, also copper
coins (4=5 cents). Exports are paid for in Mexican dollars, and as
the value of these varies according to the fluctuations of silver the
lower the price of silver the more dollars the ]producer receives for all
produce sold to gold-standard countries. If exchange with these
countries rises, the producer gets fewer dollars for his produce.
In the same way with imports from gold-standard countries, the
lower the exchange the more dollars the consumer has to pay for his
purchases.
There is always a large demand for small change, and for some time
past there has been a scarcity; in some cases a premium has been
obtainable for 20-cent pieces and copper coins,,
There is no standard value of money, the value of the Mexican dollar fluctuating with the exchange, or, in other words," with the value
of silver in London and New York. The balance of trade at present
is in favor of exports, but we are unable to say how it is used.
We consider that it would be most injurious to these islands to establish a gold currency here, as has been suggested in some quarters, for
the reason that the agriculturist would then only receive half the
number of dollars for his produce, while the natural tendency would
be for wages to increase and cost of his requirements to rise, until
what was previously purchasable with a silver dollar would sooner
or later require a gold dollar; that is to say, he would receive half for
his produce and pay double for labor, etc.
There was a great outcry in the newspapers about the depreciation
of the American gold dollar when the price of silver advanced at the
beginning of this month. There was no depreciation at all, but fewer
M>.xican dollars and cents were obtainable for a given amount of gold
owing to the rise in price of silver. Changing American gold for
Mexican silver is subject to the same fluctuations as changing American gold for beef, the fluctuations occurring according to the relative
abundance or scarcity of these articles.
We are, sir, your obedient servants,
SMITH, B E L L &
Lieut. C. F. PARKER,
Treasurer ofthe Philippine .Archipelago, MamAla.
Co.
510
REPORT ON THE FINANCES.
AGENCY OF THE CANADIAN BANK OF COMMERCE,
New Yorh, Septemher 5, 1900.
In answer to your recent request that the agent of the
Chartered Bank of India, Australia, and China, Manila, furnish you
with a statement of assets and liabilities on the 1st September last, the
London office of the Chartered Bank have asked us to inform you that
it is impossible for them to submit a statement of the assets and liabilities of the Manila agency alone, as owing to the character of their
business, with many branches spread out all through the East, such a
statement Avould be misleading, and the only manner in which an estimate of their position can be arrived at is from an inspection of their
annual balance sheet, and further by reviewing the statements of the
bank which have been submitted to the shareholders of the bank
annually over a course of years.
In this connection, therefore, we beg to inclose statements of their
accounts as issued to their shareholders for f^YQ 3^ears past, and in
addition forward a copy of their charter and deed of settlement.
The capital of the bank is nearly all held in London where the head
and general management is established, and we have pleasure in stating
that the institution enjoys in London and in the F a r East the very highest standing and repute, their shares, the par value of which are £20
paid up, are now selling at £38, and the last dividend was at the rate
of 10 per cent per annum.
. With the inclosed documents and above information before you, we
trust you will have no difficulty in satisf3dng yourself with regard to
the soundness and financial strength of the bank's position. Should
you, however, desire any additional facts or figures to aid you in arriving at this conclusion, we beg to tender our services in securing same
for your consideration.
Respectfully, yours.
DEAR S I R :
Pro
The
A L E X . LAIRD and
A L E X . LAIRD.
WM.
GRAY, Agents,
SECRETARY OF AVAR,
Washington, D . C
[Chartered Bank of India, Australia, and China. Head office: Hatton Court, Threadneedle street,
London. Incorporated by royal charter. Paid-up capital, in 40,000 shares of £20 each, £800,000.
Reservefund, £525,000. Court of directors, 1900-1901: Edward Fleet Aiford, esq.; William Christian,
esq,. Sir Henry S. Cunningham, K. C. I. E.; Sir Alfred Dent, K. C. M. G.; Henry Neville Gladstone,
esq.; J. Howard Gwyther, esq.; Emile Levita, esq.; Jasper Young, esq. Managers: Wm. A. Main,
Caleb Lewis.]
DIRECTORS' REPORT.
[Presented at the forty-sixth ordinary general meeting, April 18, 1900.]
The directors have now to submit to the shareholders the balance
sheet and profit and loss account of the bank for the year ended
December 31 last.
These show a net profit, after providing for bad and doubtful debts,
of £128,285 l i s . 5d., inclusive of £14,212 6s. 5d. brought forward from
the previous year. The interim dividend at the rate of 10 per cent
per annum paid in October last absorbed £10,000, and the amount now
available is therefore £88,285 l i s . 5d., out of which the directors propose to pay a final dividend at the rate of 10 per cent per annum, mak
511
COMPTROLLER OF THE CURRENCY.
ing 10 per cent for the whole year; to add £25,000 to the reserve fund,
which will then stand at £525,000; to write off premises account
£10,000, and to carry forward the balance of £13,285 l i s . 5d.
The directors announce with regret that Mr. A. P. Cameron has
resigned his directorship in conse(i[uence of his retirement from business.
I t is proposed that Mr. E. F. Aiford, late of Messrs. Jardine,
Matheson & Co., China, be elected a director.
Sir Alfred Dent, K. C. M. G., and Mr. Jasper Young, the directors
who now retire by rotation, present themselves for reelection.
The auditors, Mr. Maurice Nelson Girdlestone and Mr. Magnus
M.owat, again tender their services.
Liahilities and assets Decemher 31, 1899.
£
s.d.
To capital paid up in full
800,000 0 0
To reserve fund
500,000 0 0
To notes in circulation
699,843 16 3
To current accounts
4,069,234 18 6
To fixed deposits
4,718,834 10 2
To bills payable:
Drafts on demand
and at short
sight on head
office
and
branches
£991,117 9 7
Drafts on London
and f o r e i g n
bankers
1,020,781 0 11
2,Oil, 898 10 6
To loans payable against securities 1,632,500 0 0
To due to agents and correspondents
938 19 2
To balances between head office
and branches, including exchange adjustments
61,623 16 0
To sundry liabilities
82,392 6 1
To profit and loss
88,285 11 5
. Liability on bills of exchange rediscounted: £2,719,022 5s. 9d.,
of which up to this date
£2,563,255 6s. 5d. have run off.
:
By cash in hand and at bankers,
By bullion...J
By Government and other securities.........
By security against note issue...
By bills of ex;change
By bills discounted and loans...
By due by agents and correspondents.
By sundry assets
By bank premises and furniture
at the head Office and branches
£
s. d.
1,714,262 13 6
733,040 4 8
1,129,48114
285,950 0
6,316,489 3
4,055,212 7
3
0
11
2
261,941 17 5
23,285 0 11
145,889 6' 3
The bank in terms of its
amended charter of October 29,
1897, has deposited with the
Hongkong and Straits governments, and with the Crown,
agents for the colonies, securities to the value of £285,950 as
special reserve for its note issue.
14,665,552 8 1
14,665,552
Profit and loss account for the year ended Decemher 31, 1899.
Dr.
To interim dividend for the half
year to June 30 last, at the rate
of 10 per cent per annum
Balance proposed to be dealt with
as follows:
D i v i d e n d at the
rate of 10 per cent
per annum for the
half year to date. £40,000 0 0
Reserve fund
25,000 0 0
Bank premises . : . . 10,000 0 0
Profit and loss, new
account
13,285 11 5
Cr.
s.d.
40,000 0 0
By balance at December 31,1898.
By gross profits for the
year, after providing for biad and
doubtful d e b t s . . . . £257,175 8 8
Deduct:
Expenses of management and general charges at
head office and
branches
143,102 3 8
Net profits for the year.
128,285 11 5
£
s.d.
14,212 6 5
114,073 5 0
128,285 11 5
LONDON, March 81, 1900.
Examined and found correct, according to the books, vouchers, and securities at the head office,
and to the certified returns made from the several branches.
MAURICE N . GIRDLESTONE,
MAGNUS MOWAT,
Auditors,
512
REPORT ON THE FINANCES.
BANCO ESPANOL FILIPINO.
The Banco Espanol Filipino owes its origin to the ro5^al decree of
the 6th of April, 1828, which ordered the establishment of a public
bank in these islands with funds of the Caja de Comunidad de Indias
(A) and shares from "obras pias," from other establishments, and
private individuals for the encouragement of agriculture and art in
these doma'ns.
The superior governor of these islands per official letter dated 15th
of January, 1829, replied that the board of tariffs had unanimously
agreed to all measures tending toward the creation of the bank until
public opinion should be therefor prepared.
Notwithstanding the expected orders of the Madrid Government, its
laudable purposes could not be carried into execution in view of the
limited extension of commerce in this city, which as yet did not feel
the necessity of such a powerful and efficacious element for its development; but as time passed circumstances changed, the country entered
into a period of activity and improvements, and in the year 1851 the
utility of such an establishment as the one referred to was appreciated.
On the l l t h of September, 1851, the provisional board for governing the Banco Espanol Filipino de Ysabel 2nd was installed by order of
the governor, and the captain-general of these islands, then the Marquis
of Solana, as protector of said bank, and the offices were provisional^
established at the '' Intendencia" building, commencing transactions
thereafter.
Per ro3^al decree of July 17, 1852, the creation of said bank was
approved, some modifications being introduced in its articles of association Avhich were definitely approved by royal decree of October 17,
1854.
According to the articles of incorporation, the capital of the bank
was constituted b y t h e sum of $400,000 on 2,000 shares of $200 each;
extended to $600,000 afterwards, per roj^l decree of June 5, 1864; to
$1,500,000 per royal decree of March 22,1876, and finally to $3,000,000
by virtue of royal decree dated February 7, 1896.
The object of the bank is the discounting of drafts and promissory
notes, collections, receiving deposits in account current, admitting voluntary and judicial deposits, granting loans to private individuals on
different objects, and dealing with the Government by negotiating
drafts or remittances as may be convenient.
B}^ decree of the superior governor of September 10,1857, the bank
was authorized to extend its business to grant loans on farms, and by
royal decree of January 7, 1858, it was also permitted to draw drafts,
grant loans on drafts deposited, but forbidding all other exchange
operations outside of the two foregoing classes. The authority solicited
for advances on ships and cargoes was refused. By decree of the
governor-general dated June 10,1875, it was declared that among the
jewelry stated in the articles of incorporation those containing precious stones were to be comprised.
The first issue of notes (bills) made by the bank in accordance with
its articles consisted of 9,500 bills, divided into four series, viz, 500 of
series A, on white paper, of $200 each; 2,000 of series B, on pink
paper, of $50 each; 2,000 of series C, on blue paper, of $25 each, and
5,000 of series D, on yellow paper, of $10 each. These bills were placed
OOMPTROLLER OF THE CURRENCY.
513
in circulation by virtue of a proclamation issued by the superior governor on February 16, 1855.
Per decree of the Governor-General of December 5, 1877, the resolution of the board of directors of the bank to make a new issue of
bills, increasing the present one to the sum of $200,000, bills payable
to bearer, was approved.
The term granted for the privilege to the bank was for twenty-five
years, which has been renewed for a similar term by decree of the
Governor-General, dated June 10, 1875, and royal decree of February
7, 1896.
The management and administration of the bank is carried on under
the inspection of the protector, who is the Governor-General, and of
a Yoj£il delegate, who is appointed by the Government (of Madrid) by
the general meeting of the shareholders and by a board of directors!
The Governor-General, as protector, has the high inspection of the
bank and appoints the directors, secretary, and one ofthe accountants;
approves accounts, authorizes the increase or reduction of capital,
resolves doubts and controversies, and makes use of all the authority
he is invested with. (B.)
Finally, per royal decree of February 7, 1896, the bank was authorized to increase its capital to $3,000,000—to issue bills for treble the
amount of paid-up capital, which are to be of $5, $10, $25, $50, and
$200—to establish a branch or agency at Iloilo, and to modify its articles of incorporation in accordance with the terms contained in said
royal decree and the provisions of the one dated August 16,1878. (C.)
MANUEL YRIARTE.
MANILA,
August £7, 1900.
NOTES BY TRANSLATOR.
(A) ''Fondos de comunidad."—This name was given formerly to the funds collected from personal taxes, known as ''tribute," Avhich consisted of an overcharge on
said tribute of J real (6^ cents Mexican) for native Indians, and onestizos sangleyes
(half-caste of native and Chinese), and 2 reals (25 cents) for Chinamen. Such funds
were kept apart from the general funds of the treasury for special purposes and were
applied for one-third cost of construction or repairs of casas reales (houses of governors of the provinces), for aiding expenses of asylums and hospitals, and also to
assist taxpayers suffering from public calamities, or when some of them were unable
to pay the tribute.
(B) Directors and members of the board are not appointed by the governor-general. They are elected by ballot by the general meeting of shareholders, three
being elected or balloted for each post and classed first, second, and third, and then
submitted to the governor-general, who, as a rule, appoints the first named in the
proposal. The governor-general has only the faculty to reject the names designated
by the shareholders, in which case new balloting must take place.
(C) The bank also issued notes of |100 on dark-green paper.' When the first
issue of notes or bills was made by the bank the currency in the islands was under
the gold standard, and the bills were made out with, the words '' Payable in gold or
silver," the latter metal being then at par with gold. But when our gold began to
be exported in 1875 the Banco Espanol Filipino stamped on the back of every bill
it could get hold of ''Payable in silver only." tTnder what authority it is not
known.
According to the articles of incorporation, the governor-general should appoint
one inspector, forming part of the board of directors, and who should intervene in
all transactions carried on by the bank.
FI1900
33
514
REPORT ON THE FINANCES.
Comparative statement for the years 1898, 1899, and 1900.
ASSETS.
1898.
1899.
1900..
Total resources.
• $81,105.06
3,017,370.77
^81,556.61
2,092,576.32
$78,456.25
3,072,000.71
2.732.843.63
1,682,214.77 1
2.986.883.64 '
1,965,684.50
830,629.50
3,629,337.95
2,372,886.21
488,390.00
1,127,149.93
261,372.81
1,172,018.42
8,559.25
8,599,784.88
8,580,833.58
$1,500,000.00
750,000.00
1,682,214.77
157,092.04
1,595,251.11
223,384.06
2,608,400.00
1,809,610.00
8,696.10
165,769.79
%1, 500,000.00
750,000.00
830,629.50
144,704.57
986,490.62
$1,500,000.00
750,000.00
488,390.00
857,371.58
2,194,050.95
28,135.56
2,700,750.00
10,500,417.87
B a n k i n g h o u s e a n d fixtures
Bills r e c e i v a b l e , l o a n s , b o n d s
D u e o n c u r r e n t a c c o u n t s , s e c u r e d b y h e m p or o t h e r
crops
-...
Safety d e p o s i t s
Cash o n h a n d
Sundry accounts
D u e from b a n k s a n d b a n k e r s
General expenses
;
8,599,784.i
10,500,417.87
LIABILITIES.
Capital stock
Reserve fund
Safety d e p o s i t s
Deposits ( t i m e )
Current accounts
Accepted checks
Notes i n circulation
Notes i n v a u l t
Dividends unpaid
Profit a n d loss a c c o u n t .
Total
',, 077,895.00
;, 177,390.00
123,176.10
9,499.09
26,448.10
35, 687.39
8,580,833.58
MONTE DE PIEDAD Y CAJA DE AHORROS.
The Monte de Piedad y Caja de Ahorros (savings bank) of Manila
Avas created by superior decree dated March 17, 1880, under the protectorate and immediate control of his excellency the governor-general
of these islands, in his capacity of vice regal patron.
The direction and administration of said establishment (institution)
is under the charge of a council (board) composed of seventeen members and one secretary, to which are appointed the admiral commanding the iiavy, the civil governor of Manila, as representative of the
interests of this province, one representative of the supreme court,
another of the council of the administration, another from the university, one from the arni}^ and another from the navy, one from the
religious orders, another from the Obras Pias, one from the cathedral,
one from the mercantile community, one from the landlords, another
from the press, and a lawyer.
Said establishment is ruled by its own b3^-laws, approved by a royal
decree dated July 8, 1880.
The object of the Monte de Piedad is to loan money on gold and
silver jewelry and precious stones, and that of the Caja de Ahorros
(savings bank) is to receive small sums and such savings as are made
by the working people, allowing an annual interest of 4 per cent, and
applying such moneys to the pledging transactions of the Monte de
Piedad.
The transactions of this establishment commenced on August 2,
1882, with a capital of $33,957.67, advanced from the funds of the Obras
Pias in accordance with the decree of the governor-general on August
17,1880, as a sequel to the one of the same date creating said institution.
The Monte de Piedad made such rapid progress that twenty-nine
months after starting it was found necessary to obtain a loan of $15,000
COMPTROLLER OF THE CURRENCY^
515
from the funds of ''^Temporalidades," which was granted by the archbishop. This trifling assistance, however, was not sufficient to meet
the increasing calls on the Monte de Piedad and on the suggestion of
the board the governor-general by decree of February 1,1883, ordered •
that out of the funds which existed in the treasury as proceeds of the
subscription got up for the relief of sufferers of the earthquakes of
1863 an advance of $80,000 be made to the Monte de Piedad on condition that said amount would have to be refunded at once should the
Madrid Government disapprove this resolution.
So large was the business of the Monte de Piedad that notwithstanding the assistance afforded and the increasing receipts of the savings
bank (Caja de Ahorros) that the board found it necessary to petition
the Madrid Government for a grant of $100,0()0 as a deposit out of the
funds of ''comunidad," and the governor-general, in order to remedy
the critical condition of the Monte, ordered ^25,000 to be advanced in
the firm belief that the grant prayed for would b6 afforded; but having been refused by the home Government, per royal decree of
February 5, 1885, on the ground that the funds of comunidad had an
application from which they could not be disturbed according to provisions of the law, further ordered on April 6,1890, that said advance
of $25,000 was to be immediately refunded.
Application was then made to the Banco Espafiol Filipino for a loan
of $20,000, which was granted on a small rat^ of interest.
Now, then, with funds amounting to $173,959.67 nothing short of a
flattering result could be expected. In the report and balance sheet
published at the end of 1885, it was stated that 21^668 loan transactions had been made on objects of gold, silver, and precious stones, to
a value of $315,455.50, and there were 18,473 redemptions, aggregating
$289,861, yielding a profit of $12,154.5.5 as interest obtained on that
year.
The Caja de Ahorros (savings bank) got deposits to the extent of
$18,931.24.
The prosperity of the establishment had increased so much that in
the report of the board on the 30th of June, 1887, there appeared the
sum of $34,000 as surplus of profits which was proposed to be used in
the construction of a building for the Monte.
In the balance sheet made up on the 15th of August, 1888, the assets
amounted to $374,396.62, which shows the flourishing condition of the
establishment.
In August, 1899, the amount of deposits at the Caja de Ahorros
amounted so prodigiously as to reach the sum of $214,082.23. On the
other hand, applications for loans did not equal the ingress, thus causing $96,000 to remain idle, which created a serious conflict, as interest
had to be paid on deposits.
Several measures were contemplated in order to avoid this conflict,
such as limiting the amount of deposits, turning over all surplus cash
into the Government caja (cash) deposits of the treasury, or to increase
the scope of business of the Monte de Piedad by granting advances
to planters, loaning on farms and real property, or buying Government
bonds.
The governor-general, under date of November 23, 1889, authorized
the inversion into the caja deposits of the treasury of the sum of
$78,000, while it was determined what should be done to forward the
interests of said beneficent institution.
516
REPORT ON THE FINANCES.
Since the foundation of this establishment three embezzlements have
been, committed by the cashiers, the last one, which occurred last year,
being the most important. But notwithstanding such reverses, its
condition is at present very prosperous. The business is now carried
on within a building constructed out of its own funds, assisted by
public subscriptions.
The amounts for which the Monte was indebted to the Caja de
Comunidad and Banco Espanol Filipino have been fully paid up, the
outstanding liabilities being only $15,000 due to the Archbishop of
Manila and the $80,000 out of the earthquake fund advanced by the
Government.
With regard to the above latter item, a claim having been filed by
the sufferers on account of the earthquakes of 1863, a royal decree,
under date of December 3, 1892, was issued ordering that all sums
constituting the total of the subscription above referred to be gathered
and distributed to Such sufferers whose names were published in the
Gaceta de Manila of April 7, 1870, for which purpose they were all
called to appear.
The intendente general de hacienda, in view of said royal decree,
and under date of efune 28,1893, claimed for the refund of the $80,000
from the Monte de Piedad, but Archbishop Nozaleda, as president of
the board, refused to comply on the ground that according to the.
governor-general's decree of January 1, 1883, the Monte de Piedad
would only be compelled to refund said amount in case the Madrid
Government did not approve the advance made thereof, and further
pretending that it was not facilitated by the local government as an
advance returnable, but as a real grant to the Monte de Piedad.
This refusal was reported to the colonial minister under date of
July 12, 1893, but no resolution was taken in the premises up to the
time when the Spanish sovereignty ceased.
Mention should be made of the fact that soon after the intendente
claimed the refund of $80,000 from the Monte the board transferred
what money it possessed in the Caja deposits to the Banco Espanol
Filipino immediately to avoid seizure.
By all the foregoing it is plainly proved that although the Monte
de Piedad commenced transactions with funds from the Obras Pias,
these never amounted to more than one-sixth of the total net capital,
and that its prosperity is due to private capital.
MANUEL YRIARTE.
MANILA,
August 31, 1900.
Statement shounng condition of the Monte de Piedad y Caja de Ahorros, as of August 31,
1900.
ASSETS.
Cash on hand
:
Loans on jewelry
Furniture and
fixtures
Banking house
Spanish-Filipino treasury bonds, series B
Bills receivable
Suspense account
General expenses paid
Due from Spanish-Filipino Bank
Bank stock, Spanish-Filipino Bank
Profit and loss account
$4, 874.53
516,156. G
O
2, 234. 76
138, 721. 36
245,548. 00
124,275.00
96, 780.17
13, 357. 06
2,571. 06
10, 881. 00
20,761.47
1,176,160.41
517
COMPTROLLER OF T H E CTJBKENCY.
LIABILITIES.
Capital
Loan of Archbishop and Spanish treasury
Due depositors of savings bank
Due borrowers on sales of unredeemed pledges
Employees' bonds.
Coupons collected for owners
Current accounts with interest
Judicial deposits 1
Deposits without interest
Interest
Bills payable
-.
Due borrowers on sales of bonds
Deposits made to bid at auction sales
.,.
'.
$231, 360. 95
95, 000. 00
740, 314.29
32, 985.29
4,232.00
185.40
32,327.09
2, 614.27
963. 00
35,857.45
225. 00
61.17
34.50
1,176,160.41
The following is a comparative statement for the j^ears 1898 and
1899:
1899.
Number.
Loans
Renewals
•...
Redemptions
Unredeemed pledges sold
Savings bank deposits received.
Savings bank deposits returned
Amount.
27,000, mSO, 353.00
12,219i
316,560.00
26,806
567,430.00
10,146
17,644.00
1,823
451,397.75
5,350 1,279,825.61
Number.
Amount.
23,482 S551,902.00
7,053
189,249.00
19,930
451,735.00
6,029
51,099.40
1,964
704,054.65
1,720
480,866.82
[Letter from Mr. J. H. Hollander, treasurer of Porto Rico.]
OFFICE OF THE TREASURER OF PORTO RICO,
Sam. Juan, August 17, 1900.
SIR: Your communication of July 30, relative to the banking institutions of Porto Rico, addressed to the governor of Porto Rico, has
been referred by the acting governor to me for reply.
In view of the fact that the information desired is not on file in this
office, and does not, apparently, exist in any collected form, some little
time will be needed before proper reply can be given. I shall at once
institute the necessary inquiries and transmit the results as soon as
obtained.
I am informed by Mr. E. L. Arnold, of the American Colonial
Bank, of San Juan, Porto Rico, that the institution which he represents has an application on file in Washington for incorporation as a
national bank, and that as soon as favorable resolution thereon is taken
his institution will proceed to such incorporation. I should be very
glad to be advised of the facts in the case, if you are cognizant of
them.
Very respectfully,
J. H. HOLLANDER,
Treasurer.
Hon.
CHARLES G . DAWES,
Comptroller of the Currency, Washington, D . C.
518
REPORT ON THE FINANCES.
[Letter from Mr. J. H. Hollander, treasurer of Porto Rico.]
OFFICE OF THE TREASURER OF PORTO RICO,
San Juan, Septemher 15, 1900.
SIR: 1 have the honor to transmit herewith a statement in regard to
the banking institutions of Porto Rico, as requested in your communication of July 30. With the limited resources of m}^ office it has not
been possible to make this statement as exhaustive and as precise as I
should have liked, but it has seemed that your purpose would be better
subserved by sending a brief statement at once rather than delaying
until such time as details could be secured.
Under another cover I am sending certain printed statutes and by-laws
which constitute a manner of documentary appendix to the statement
herewith transmitted.
I am about to make a flying trip north, and I shall hope to have the
privilege of presenting my compliments to j^ou in Washington within
the next ten days.
Very respectfully,
J. H. HOLLANDER,
Treasurer.
Hon.
CHARLES G . DAWES,
Comptroller of the Currency.^
Treasury Department, Washioigton, D . C.
BANKING INSTITUTIONS OF PORTO RICO.
The banking institutions of Porto Rico, using the term in the
strict sense and not including such establishments as do a banking
business in connection with other activities, are:
i. The Bank of Porto Rico (lately The Banco Espafiol de Puerto Rico), with the
principal house in San Juan and a branch in Mayaguez.
II. The Credito y Ahorro Ponceno, in Ponce.
III. The Banco Territorial y Agricola, in San Juan.
IV. The Banco Popular, in San Juan.
V. The American Colonial Bank, in San Juan.
I . — T H E BANK OF PORTO RICO.
The Banco Espanol de Puerto Rico, founded by a royal decree of the
Spanish monarch under date of May 5, 1888, is located in San Juan,
with a branch in Mayaguez, which conforms in all respects to the
by-laws under which the main institution exists. I t was constituted
with a capital of 1,500,000 pesos, which may, however, be increased by
action of the shareholders to 2,000,000 pesos. Since the passage of the
joint resolution of the United States Congress, June 6,1900, this capital, in pesos, has been replaced by its equivalent in United States currency at the established rate of exchange. The new capital is, thus,
$900,000, with right of increase to $1,200,000. By terms of the royal
decree the bank is established for a period of twenty-five years from
the time of concession. May 5,1888—that is, until July 14,1913. The
stockof the company, held principall}^ by Spanish citizens, is inscribed
in the register of the bank in the name of its respective owners, and is
transferable by indorsement or by an}^ other means recognized by law,
except such part as constitutes the guaranty for office.. This portion
COMPTROLLER OF THE CURRENCY.
519
must be in the name of the owner. The bank engages in discounting
bills of exchange, promissory notes, and other negotiable instruments.
It buys and sells drafts, receives deposits, and makes loans.
The royal decree for the establishment of the bank conceded to it
the sole privilege of issuing notes in Porto Rico, payable on sight, and
authorized the issue of such notes to three times the amount of the
realized capital in such denominations as might be determined b}^ the
board of governors. Since the change in currency to that of the
United States a new series of notes has been issued of denominations
not less than $1 nor more than $200. The notes now bear stamped on
their face "Moneda Americana." A reserve equal to one-third part
of the amount of^ notes in circulation, as well as of other liabilities of
the bank, must be kept on hand, in the vaults of the bank, in current
coin or in bars of gold and silver. The other two-thirds are in securities of preferred guarant}^, sure collection, and for a period not exceeding one hundred and twenty days. No part of this metallic reserve is,
however, segregated or preserved exclusively for the redemption of
the notes.
The government and administration of the institution are vested in
a governor, deputy governor, council of government, and general
meeting. The post of governor—at present vacant—can, by terms of
the bank's charter, be filled only by a nominee of the government of
Porto Rico. The governor of the bank acts as a permanent inspector.
The earnings, when not in excess of 8 per cent of the capital, are
distributed in entirety among the shareholders. If they exceed the 8
per cent fixed the surplus is devoted one-half to the reserve fund and
the other one-half to the stockholders. Should the earnings in an}^
jesiY fall below 8 per cent, the deficit may be made up from the reserve
fund. When the reserve fund reaches an amount equal to 15 per cent
of the capital, the entire profit is distributed to the shareholders.
The by-laws of the bank require that a weekly report showing the
balances of the bank should be made and published in the Official
Gazette of Porto Rico. The last published statement, bearing date
of Ma}^ 19, 1900, was as follows:
ASSETS.
Porto Rican currency.
Accionistas
Caja
Cartera, hasta 120 dias
Cr6ditosgarantizados
Pr^stamos hipotecarios
Corresponsales
Impr^stitos
Sucursal en Mayaguez
Efectos en garantia y dep6sito r
Cuentas varias
Mobilario
Casa del Banco
Cambios
Cambios de monedas
Moneda Americana negociada
-----..---
$750,000. 00
1,453,481.60
749, 508. 32
164, 061. 91
179,896. 26
5, 841. 40
76, 796. 71
379, 689.15
" 251,435. 87
154, 639. 20
5,461.10
49,000.00
2,026. 89
454, 797. 45
399,928.27
Expenses of all kinds.
De instalacion
De impresion de billetas
Generales
Generales extraordinarios.
34,956.16
16,068.57
8,'880. 32
2,256. 98
4, 938, 726.16
520
REPORT ON THE FINANCES.
LIABILITIES.
Capital
Fondo de reserve
Cuentas corrientes.
Depositos en effective
Dividendos
Billetesemitidos
Depositos en papel
Cuentas varias
Negociacion de moneda Americana
Ganancias y perdidas
$1,500,000.00
112, 500. 00
875,079. 68
101,936. 01
7,068. 82
1,594,040.00
251,435. 87
61, 936. 83
399, 928. 27
34, 800. 68
4, 938, 726.16
THE CREDITO Y AHORRO PONCENO. .
The Credito y Ahorro Ponceno, located in Ponce, was established in
1895 under no special charter, but in conformity with the laws relating
to corporations and in accord with the requirements of the commercial
code. Its capital is 200,000 pesos, divided into 2,000 shares of 100
pesos each. Of this capital, 75 per cent is paid up and the remaining
25 per cent is subject to call by direction of the board of directors.
The bank is organized for a period of twenty-five years.
In addition to a general banking business, the Credito y Ahorro
Ponceno is also an institution for deposits, similar to a savings bank,
but without special provisions and subject to the control of the board
of directors. As the Spanish Bank of Porto Rico possessed, under its
charter, the sole privilege of issuing bank notes in the island, no bank
notes were issiied b}^ the bank. '' Notes to bearer," however, were and
still are issued as follows:
Pesos.
Due July 1,1900
Due Oct. 1,1900
Due July 1,1901
Due July 1,1902
Due Oct. 1,1902
25,000
25, 000
-. -
25,000
25,000
25, 000
These notes are for 5, 10, 20, 50, 100, and 200 pesos and are subject
to an interest of one-half per cent, as per coupons attached to same, collectible every six months. There is no special guaranty for the notes
other than the general guaranty of the capital of the bank, and the
same applies to all the other liabilities.
The last statement of the bank was published in the Official
Gazette under date of June 30, 1900, and is as follows:
ASSETS.
Letras por negociar.. La Caja
Valores a la vista
Corresponsales
Hipoticas a largo plazo
Accionistas
Mobilario
Cartera
Casa de la Sociedad
Emision de obligaciones
Creditos garantizados
Obligaciones por cobrar
Libretas y cheques
Emision de instalacion
Gastos generales
Asuntos judiciales
'
-:
$825. 00
503, 545. 68
23, 647. 91
. 51, 890. 97
117, 220. 93
50,000. 00
4, 976. 37
36, 567. 00
18, 689.48
2, 487. 45
106, 601. 50
213,050. 83
116.16
2,173.12
6, 758. 24
836. 02
1,139, 386. 66
COMPTROLLER OF THE CURRENCY.
521
LIABILITIES.
Cheques intervendidos
Cuentas corrientes
Depositos voluntaries
Obligaciones porrpagar
][mpositiones a plazo
Depositos en garantia
Fianzas
Depositos judiciales
Fondo de reserva
Imposiciones sobre libretas
Capital
Intereses por liquidar
Ganancias y peridas
Cambios
„
:
fijo
_
•
_
".
„
'
,
$1,000.00.
641,440. 46
17, 977. 00
118, 695. 00
19,590. 58
18, 500. 00
4, 000. 00
90.00
10, 478.20
52, 321. 96
200, 000. 00
29, 754. 80
18, 784.27
6, 754.39
1,139, 386. 66
THE BANCO TERRITORIAL Y AGRICOLA.
The Banco Territorial y Agricola was founded in 1894 in San Juan
and has a capital at present of 1,440,000 pesos. Its principal operations are among agriculturists. Loans are made at 9 per cent on
land, in amounts not exceeding 40 per cent of the expert valuation of
the land, in the form of cedulas or mortgage bonds bearing coupons
which pa}^ 7 per cent interest. These mortgage bonds are redeemed at
par by periodical drawings.
The last dividend was declared on June 30, 1900, and was 6 per
cent. A statement of the condition of the bank on June 30,1900, was
published in the Official Gazette of Porto Rico of August 26, 1900, as
follows:
ASSETS.
Caja
Banco Espafiol de Puerto Rico
Corresponsales
'.
Cedulas hipoticarios
Cedulas en comision
Credito garantizados
Documento por cobrar
Pr^stamos agricolas
Hipotecas A plazo corto
Hipotecas tl plazo largo
Casa de banco
Immueblo
Cuentas deudoras
:
' Valores en garantia
Acciones en dep6sito
Accionistas 2^ serie
*
Prima de emision.
Acciones por emitir
Negociacion de cedulas
Mobilario
Gastos de instalacion
Gastos de emision de cedulas
-
J
$107,138. 93
304.48
63, 730.17
104,044.00
112,371. 00
9,998. 92
3,012. 00
53, 034.12
40, 878. 02
1,167,903. 00
64,000. 00
10, 265.19
79, 710. 56
375,929. 32
40,200. 00
35,190. 00
64, 295. 34
1,033,080.00
171. 00
1, 901. 37
2,140. 88
5,231. 23
3, 364, 529.53
LIABILITIES.
Capital
Acreedores por valores
Depositastes de acciones
Desembolsas
Intereses por veneer
Cuentas corrientes
1,440,000.00
375,929. 32
40,200.00
10,260.00
492,432. 31
188,448, S6
522
REPORT ON THE FINANCES.
Cedulas emitidas
C6dulas especiales emitidas
Depositos
Obligaciones por pagar
Dividendos actives
Intereses de cedulas cupones
Perdidas y ganancias
,
$680, 640. 50
38,400. 00
66,966.14
3,615.00
4, 308.45
1,555. 59
21, 773.36
:
3,364,529.53
THE BANCO POPULAR.
The Banco Popular is a.small savings bank in San Juan, founded in
1894 with a capital of 5,000 pesos, for a period of ten years, under an
administration of president, directors, and general meeting.
The shares of the bank are 250 in number, and the earnings of the
institution are distributed in a manner similar to that of the Bank of
Porto Rico, except that the reserve fund can reach, but never exceed,
20 per cent of the capital. The dividends are declared on December
31 of each year, although a provisional dividend is made on June 30.
The last statement of the bank's transactions was published in the
Official Gazette of Porto Rico, July 31, 1900, as follows:
ASSETS.
Caja
Cartera
:
Acciones en
Mobilario
Gastos de instalacion
Gastos de generales
Intereses por liquidar
$631.43
57,585. 83
480.00
148.11
607.33
775. 20
555.41
fianza
60,783.31
LIABILITIES.
Capital
Deposito de acciones en
Gastos a liquidar
Fondo de reserva
Dividendo active
Intereses a pagar
Cuentas deudores
Imponentes
Intereses
fianza
^
30,000.00
480.00
163.12
395.58
146. 80
492. 24
1,060.38
24, 758.90
3,286.29
60,783.31
THE AMERICAN COLONIAL BANK.
The American Colonial Bank is a State bank, incorporated under
the laws of the State of West Virginia on April 4, 1899. It has an
authorized capital of $1,000,000, of which $400,000 is paid up. I t is a
bonded depository for the custody of United States and Porto Rican
funds.
The capital stock is held principally in the United States, although
a sufficient number of shareholders are residents of San Juan to fill
offices necessary for the transaction of business in this place.
COMPTROLLER OF THE OURRENCY.
523
The weekly statement of the bank for the week ended September
15, 1900, is hereto attached, viz:
ASSETS.
Muller, Schall& Co., bankers
Due from other banks .:'
Government bonds
Premium on Government bonds
Stocks
- -•
Collateral loans -. Loans and discounts
Real estate loans
Expense account
Tax account
Furniture and
Cash account
Foreign bills
....•.
-.. ^
:
fixtures
$42,847.58.
48, 605. 55
250, 000. 00
11, 250. 00
7, 667. 36
318, 799. 72
72, 928. 05
154,163. 96
6,288. 86
330. 75
11, 683. 55
276, 499. 21
1,115.19
1,202,179.78
LIABILITIES.
Capital stock
Profit and loss
Interest account
Amount due depositors
Certified checks
$400,000.00
9,979. 27
18,180.31
773, 260. 20
,
760.00
:
1,202,179.78
EXECUTIVE CHAMBER, TERRITORY OF HAWAII,
Honolulu, Septemher IJf^ 1900.
SIR: In response to your letter of August 11, for the status of the
banking institutions of these islands and the banking laws of the
country, I have asked Mr. S. M. Damon, late minister of finance and
the president of Bishop & Co., bankers, for such a statement. I
inclose the letter, which I trust satisfactorily covers the ground. I
also inclose a copy of the Hawaiian banking act and the part of the
license law in regard to the licensing of banks.
Very respectfully,
SANFORD B . DOLE.
Mr.
CHARLES G . DAWES,
Comptroller, Treasury Department, Washington.
BANKING HOUSE OF BISHOP &
Co.,
Honolulu, August 31,1900.
DEAR SIR: In reply to your verbal inquiry with reference to the
condition of the banks in this Territory and the banking facilities, I
have the honor to make the following brief statement covering the
ground in a somewhat desultory manner, not knowing the precise
information which you desire to obtain.
There are in existence in the Territory two incorporated banks, two
private banks, two branches or agencies of banks having their home
offices in foreign countries.
At the same time, though not strictly speaking banks in the ordinary use of the term, there are a number of plantation agencies which
carry on a banking business in connection with island interests.
524
REPORT ON THE FINANCES.
The first-mentioned banks, incorporated in this country, are:
Bank of Hawaii (established 1898), with branch in Hilo:
Capital
Deposits on July 1,1900
First American Bank (established 1899), with branch in Hilo:
Capital
.•
Deposits
$400,000.00
875,048.47
500,000.00
943,623.13
PRIVATE BANKS.
Bishop & CO. (established 1858):
Capital
Deposits
Claus Speckels & CO. (established 1884):
Capital
Deposits
$800,000.00
2,046,132.38
500,000.00
The only foreign bank having a direct branch here is the Yokohama
Specie Bank of Japan. It deals at present exclusively in exchange,
and has confined itself up to the present time in dealing with Japanese
subjects. None of the banks in the country are banks of issue. The
currency in use at the present time is United States coin, silver being
legal tender only to the amount of $10.
A very serious issue has been raised in the Territory since the transfer
of the customs and post-offices to the General Government at Washington, by the monthly export to San Francisco of all the receipts from
these offices and the internal revenue in gold. This exportation of
gold coin from the Territory, imported here b}^ the banks for the needs
of the business at a large expense, is depriving this country, separated
from the mainland, of its much needed circulating medium, and at the
rate at which the shipments have been made during the last few months
it will not take very long to bring on a stringency here, a stringency
which is already beginning to be felt.
I have the honor to be your obedient servant,
S. M. DAMON.
Governor SANFORD B . DOLE,
Territory of Hawaii.
Report of the condition of the four incorporated and private hanks of the Territory of Hawaii
on June 30, 1900.
Resources.
Amount.
Loans on real estate
178,075
Loans on collateral security otlier than
real estate
617 376
Loans and discounts, all otlier
2, 111 439
Overdrafts
159 070
United States bonds
6 412
State, county, and municipal bonds...
13 374
Other stocks, bonds, and securities—
69 400
Due from other banks and b a n k e r s —
224,582
Real estate, furniture, and fixtures—
13,984
Checks and other cash items
32,202
Cash on hand, viz:
Gold coin
8811,684
Gold certificates, Hawaiian
7,873
Silver coin
73,055
Hawaiian
government
notes...:
2,685
Cash not classifi ed
314,293
Total cash on hand
All other resources
Total resources
Liabilities.
Amount.
Capital stock
$1,240,973
Surplus fund
.-.
20,000
Other undivided profits (less expenses
and taxes paid)
105,821
Deposits subject to check. S2,715,904
Deposits, savings
55,270
Special deposit account,
Hawaiian postal savingsbank deposits, account
United States Government
325,000
Total deposits
Due to other banks and bankers
All other liabilities
8,096,174
320,124
12,789
1,209,590
• 260,377
4,795 881
Total liabilities
4,795,881
REPORT OF THE REGISTER OF TIIE TREASURY,
TREASURY DEPARTMENT,
O F F I C E OF THE REGISTER,
Washington, D . C , Octoher 8, 1900.
SIR: I have the honor to submit the annual report of the business
of this office for the fiscal year ended June 30, 1900.
The business of the office is divided between two divisions, viz:
Division of Loans and Division of Notes, Coupons, and Currency, each
having charge of the work indicated b}^ its respective designation.
DIVISION OF LOANS.
At the end of the fiscal year the regular force of the division consisted of one chief, nineteen clerks, and two messengers. For something over three months there was an additional messenger, paid from
the fund for the expense of the 2 per cent loan, this being the only
increase of the force during the year on account of the refunding operations connected with the 2 per cent loan.
The duties with which the division is charged include the receipt of
new coupon and registered bonds from the Bureau of Engraving and
Printing, and the custody of the same; the issue of all bonds, whether
on account of moneys deposited therefor, or on transfer from other
owners; the keeping of accounts with each holder of registered bonds;
the declaration of interest on all registered bonds; the recording of
bonds redeemed, and the examination and recording of authorities
presented for the assignment of registered bonds.
The following table shows the number and amount of new bonds
received from the Bureau of Engraving and Printing during the fiscal
year:
New honds received from the Bureau of Engraving and Printing.
Loan.
Funded loan of 1891, 4i per cent, continued at 2 per cent, registered
Loan of 1904, 5 per cent, registered
Funded loan of 1907, 4 per cent, registered
Loan of 1925, 4 per cent, registered
Consols of 1930, 2 per cent, provisional
:
District of Columbia, fifty-year funded loan of 1924, 3.65 per eent, coupon
District of Columbia, fifty-year funded loan of 1924, 3.65 per cent, registered,
Spanish indemnity certificates
Total - . :
Number of
impressions.
1,500
6,000
1,000
13,000
9,994
10
200
675
%\2,500,000
6,000,000
50,000,000
76,000,000
Nominal.
5,000
800,000
Nominal.
32,379
145,305,000
~525
526
REPORT ON THE FINANCES.
The two following tables show the number and amount of bonds
issued and canceled during the year in connection with the various
loans of the United States, and such loans of the District of Columbia
as have been issued under the direction of the Treasury Department:
Numher and amount of honds issued during the year ended June 30, 1900.
Loan.
Class.
F u n d e d l o a n of 1891,4^ p e r c e n t ,
continued, at 2 per cent.
L o a n of 1904 5 n e r c e n t
Exchanges.
Direct
issue.
Registered..
Transfers.
89,472 500
1,938
.Total
amount.
$9,472,500
825 000
307,250,540 35,815,440 216,798,800
F u n d e d l o a n of 1907, 4 p e r c e n t . .
L o a n of 1925 4 p e r c e n t
L o a n of 1908-1918,3 p e r c e n t
Consols of 1930,2 p e r c e n t , p r o visional.
D i s t r i c t of C o l u m b i a , 50-year
f u n d e d l o a n of 1924, 3.65 p e r
cent.
5,849 28,175,050
24
1,750
14,506 81,834,950
6,824 40,741,650
152
118,040
15,082 48,303,840
258
7,993,900
6,483 342,382,100
12
6,000
215
835,000
51,343 559,864,780
do
U , 526,350
/Coupon
U , 200
\Registered..
2,650 2,209,050
... .do
....
6,830,350
/Coupon..,..
115,340
1 Registered..
20,662,240
/Coupon
6,891 600
\ R e g i s t e r e d . . 300,233 750 1,577,4501 Coupon
6,000
10,000
(Registered..
Total..
23,648 700
550
79,623,250
33,911,300
2,700
27,641,600
1,102 300
40,570 900
Numberof
bonds.
i
Numher and amount of honds canceled during the year ended June 30, 1900.
Loan.
Small Treasury notes of 1815
Bounty-land scrip
Loan of July and August, 1861,
6 per cent.
Ten-forties of 1864, 5 per cent —
Five-twenties of 1865, 6 per cent.
Consols of 1865, 6 per cent
Consols of 1867, 6 per cent
Consols of 1868, 6 per cent
Funded loan of 1881, 5 per cent..
Funded loan of 1891, 4i per cent.
Funded loan of 1891,4^ per cent,
continued at 2 per cent.
Loan of 1904, 5 per cent
Class.
Registered.
Coupon
..--do
Registered.
Coupon—
'.'.'.'.&o'.'.'.'.'.
.-.-do
/---.do
\Registered.
-.do
NumRedempTotal
Exchanges. Transfers. ber of amount.
tions.
bonds.
$10
SIO
100
500
IOO
500
200
1,000
100
3501
100
300
1,100
30,000
1,472,500
8,490,150 $4,526,350
42,835,1501
23,648,700
5,150,2501 "2," 209," 050
550
Funded loan of 1907, 4 per cent.
186,518,800
79,623,2501
6,830,350
Loan of 1925, 4 per cent
1 Registered.
33,911,300
[Coupon—
8,357,420 '26,'638," 240
2,700
Loan of 1908-1918, 3 per cent
Registered59,108,680
27,641,600
Consols of 1930, 2 per cent, pro- 'Coupon
1,102,300
'"i," 577,'450
visional.
Registered,
40,570,900
District of Columbia, 10-year
-do
100
funded loan of 1901,3i per cent.
401,100
District of Columbia, 20-year Coupon
349,000
funded loan of 1899,5 per cent. Registered.
3,500
District of Columbia, 50-year "Coupon a . .
2,500
funded loan of 1924, 3.65 per C o u p o n —
Registered,
cent.
825,000
"..--do
Pacific Railroads, 6 per cent
110,000
Total.
[Coupon
I Registered.
ICoupon—
I Registered.
[Coupon—
311,360,410
200
1
1,000
l|
100
4
350
ll
100
3|
300
8
1,100
21
30,000
1,7111 9,472,500
13,492 13,016,500
12,942 -66,483,850
11,968 7,359,850
40,443 266,142,050
7,467 6,830,350
.6,1381 33,911,300
64,379 28,998,360
24,887 86,750,280
29 2,679,750
40,570,900
100
456
349
52
241
44
401,100
349,000
3,500
12,500
825,000
110,000
35,791,440 216,798,800 185,531 563,950,650
a Seven coupon bonds of $500 each, District of Columbia 3.65 per cent, were canceled by the Treasurer of the United States and returned to the Register. Owing to legislation by Congress, they can
not be used for payment of claims till additional authority is granted.
527
EEGISTEK.
Numher and amount of honds, in summary form, issued and canceled, and the total numher
handled during the last ten years.
Bonds issued.
Year.
Number.
16,592
26,253
15,796
64,799
80,362
143,476
33,704
35,816
579,182
51,343
1890-91
1891-92
1892-93 ..
1893-94
1894-95
1895-96
1896-97
1897-98
1898-99
1899-1900 .
Amount.
$69,151,600
107,738,200
59,396,050
163,551,900
195,445,950
258,595,350
129,612,500
153,749,100
423,111, 950
559,864,780
Total handled.
Bonds canceled.
Number.
Amount.
75,606 $172,256,450
54,288 129,009,825
24,943
60,271,850
36,195 114,277,200
43,072 110,513,200
64,579 136;941,450
49,731 143,185,450
49,669 185,955,102
240,263 240,299,560
185,531 563,950,650
Number.
Aniount.
92,198
80,541
40,739
100,994
123,434
208,055
83,435
85,485
819,445
236,874
$241,408,050
236,748,025
119,667,900
277,829,100
305,959,150
395,536,800
272,797,950
339,704 202
663,411,510
1,123,815,430
It may be noted that although the number of bonds issued was
much less than during the preceding year, yet owing to the larger
denominations used, the values represented exceed the amounts issued
during the year of the Spanish-Am erican war by $136,752,830. The
amounts canceled nearly equal the amount of bonds canceled during
the three preceding years, while the total amount handled was equivalent in value to the transactions in a somewhat shorter period.
PREPAYMENT OF INTEREST.
Under Department Circular No. 121, dated October 10, 1899, the
Secretary of the Treasury notified the owners of United States registered bonds that the interest due November 1, 1899, would be paid as
soon as the dividends and checks could be prepared, and that the dividends falling due from December 1, 1899, to July 1, 1900, would be
prepaid, with a rebate of two-tenths of 1 per cent a month, to such
owners as might present them for this purpose on or before December
31, 1899. The payment of coupons for interest was also anticipated.
The following table gives the principal of registered bonds only on
which dividends were thus prepaid, as shown by the books of this
office. Accounts are kept with every holder of IJnited States registered bonds, and to avoid duplicate payments of interest it was necessary that every prepayment should be shown upon the aiccount of the
owner of the prepaid bonds.
Principal of registered honds on ivhich dividends ivere 2jre2oaid.
Date payable.
December 1,1899.
January 1,1900 -.
February 1,1900 Do
Do
March 1,1900 - . . .
April 1,1900
May 1,1900 - : - . . .
Do
Do
June 1,1900
July 1,1900
Loan.
Funded
Funded
Loan of
Loan of
Loan of
Funded
Funded
Loan of
Loan of
Loan of
Funded
Funded
Total -
loan of 1891,4i per cent, continued at 2 per cent.
loan of 1907,4 per cent
1908-1918,3 per cent
1904,5 per cent
1925,4 per cent . loan or 1891,4^ per cent, continued at 2 per c e n t .
loan of 1907,4 per cent
1908-1918,3 per cent
1904,5 per cent
1925,4 per cent
loan of 1891,4i per cent, continued at 2 per cent.
loan of 1907,4 per cent
Amount of
principal.
031,750
119,800
126,200
074,950
981,150
502,250
341,800
926,900
074,950
981,150
502,250
341,800
211,004,950
528
REPORT ON THE FINANCES.
PURCHASES OF BONDS.
On November 15, 1899, the Secretary announced that he would
purchase a limited amount of United States 4 per cent bonds of the
.funded loan of 1907 at 112.75 and accrued interest, or of 5 per cent
bonds of the loan of 1904 at 111 per cent and accrued interest. On
November 29 it was announced that the time during which bonds
might be presented on these terms would expire December 23, 1899.
The amount of bonds redeemed under these announcements was as
follows:
Amount of certain honds redeemed.
Funded loan of 1907, 4 per cent:
Coupon
•
Registered
$1, 022, 700
13, 287, 650
114, 310, 350
Loan of 1904, 5 per cent:
Coupon
Registered
991, 200
3, 999,100
4,990,300
Total
,
19,300,650
REFUNDING THE PUBLIC DEBT AT 2 PER CENT.
On the 14th of March, 1900, the President of the United States approved a bill for the exchange of bonds of the 5 per cent loan of 1904,
the 4 per cent funded loan of 1907, and the 3 per cent loan of 19081918, for 2 per cent thirty-3^ear bonds, with an adjustment for the
difference in the rates of interest. On the same day the Secretary of
the Treasury issued a circular announcing the terms on which the exchange might be made. On the 17th of March the work of issuing
the new bonds began in this office. The process of engraving steel
plates is necessarily very slow, and the printing of the diff'erent impressions which are used for the engraved bonds of the United States
would consume considerable additional time. To avoid the delay
which would have arisen if the work of refunding had been allowed to
await the preparation of the engraved bonds, printed certificates were
prepared bearing the phraseology of an ordinary registered bond, and
these were completed and issued for use till the regular bonds might
reach the office.
These bonds, which were known as provisional bonds, were all
retained in the Department, but notices of their issue were sent to
the owners of the bonds. A large number of the bonds received for
exchange were those which. had been deposited with the Treasurer of
the United States, either as security for circulation issued to national
banks or on account of deposits. A ver}^ large part of the portion
which was subscribed for in the names of firms or corporations, in a
very brief time after issue was also transferred to the' Treasurer of
the United States on account of one or more national banks. The
amount of coupon bonds called for has been about 2 per cent of the
whole amount, and a considerable part of the amount issued has since
been converted into registered bonds, generally in the name of the
Treasurer of the United States, as security for national banks. At
the date of this report, the amount of coupon bonds is rather more
than 1 per cent of the whole amount of the loan outstanding.
The amount of provisional certificates issued during the first ten
529
REGISTER.
working da3^s was $146,203,150 in registered bonds, and $1,423,100 in
coupon bonds. It is questionable if in the histoiy of this or an}^ other
Government, bonds of such vast amounts have been refunded in so
brief a time. At the end of the fiscal year (June 30) the total amount
refunded was $307,125,350. The issue of this amount of bonds in
exchange for other bonds implies the cancellation of an equal amount
of bonds of the 3, 4, and 5 per cent issues. The amounts of each loan
and kind are shown in the following table:
. Bonds received and canceled for exchange into 2 pe?- cent consols of 1930 to June 30, 1900.
Coupon.
Registered.
$10,841,620
5,117, 900
8,276,450
$59,107,780
184, 699,550
39,082,050
$69, 949,400
189,817,450
47,358,500-
24,235,970
282,889,380
307,125,350
Loan.
Loan of 1908-1918, 3 per c e n t . . . .
Funded loan of 1907, 4 per cent
Loan of 1904, 5 per cent
Total
Total.
. During the fiscal 3^ear the regular dividends of interest for the
drawing of interest checks were prepared in the division and delivered
to the Treasurer of the United States as follows (amounts on which
interest had been prepaid are not included):
Dividends of interest.
Date
payable.
1899.
Aug. 1
Do....
Do....
Do....
Sept.
1
Oct;.
1
Nov. 1
Do---.
Do....
Dec.
1
1900.
Jan.
1
Feb.
1
Do--..
Do.--.
Do....
Mar.
1
Apr.
1
May
1
Do---.
Do.-..
June 1
July
1
Do....
Do....
Number of
checks,
Loan.
Principal.
Amount.
Loan of 1908-1918, 3 per cent
Loan of 1904, 5 per cent
Loan of 1925, 4 per cent
District of Columbia, fifty-year funded loan of 1924
3.65 per cent.
Funded loan of 1891, 4^ per cent, continued at 2 per
cent.
Funded loan of 1907, 4 per cent
Loan of 1908-1918, 3 per cent
Loan of 1904, 5 per cent
Loan of 1925, 4 per cent
Funded loan of 1891j 4? per cent, continued at 2 per
cent.
34,486
2,239
3; 937
278
1,014
25,364,500
27;224
34^ 060
2,269
4,003
932
491,364,400
101,081,460
67,931,850
115,826,300
22,332,750
4,913, QU. 00
758,110.95
849,148.12A
1,158,263.00
111, 663.75
Funded loan of 1907, 4 per cent
Loan of 1908-1918, 3 per cent
Loan of 1904, 5 per cent
Loan of 1925, 4 per cent
District of Columbia, fifty-year funded loan of 1924,
3.65 per cent.
Funded loan df 1891, 4^ per cent, continued at 2 per
cent.
Funded loan of 1907, 4 per cent
Loan of 1908-1918, 3 per cent
Loan of 1904, 5 per cent
Loan of 1925, 4 per cent -.--..'-Funded loan of 1891, Ah per- cent, continued at 2 per
cent.
Funded loan of 1907, 4 per cent
Consols of 1930, 2 per cent, registered
Consols of 1930, 2 per cent, coupon
26,551
33,125
2:164
3; 910
278
438,650,550
90,313,880
56,541,050
110,016,050
13,314,000
4, 386,505.50
677,354.10
706,763.12i
1,100,160.50
242,980.50
Total..--:
..:
SPANISH INDEMNITY
$98,460,540
67,672,050
114,834,250
13,308,000
$738,454.05
845,900.62A
1,148,342.50
242,871.00
126,822.50
911
21,862,250
109,311.25
26,128
31^938
li874
3,851
954
435,237,900
66,589,780
34,580,250
112,734,350
21,862,250
4,352, 379.00
499,423.35
432,253.12i
1,127,343.50
109,311.25
23,504
3,158
180
300,903,650
301,454,950
5,670,400
3,009,036.50
1,507,274.75
28,352.00
268,968
3,127,907,410 29,181,668.95
CERTIFICATES.
In the report of this office for 1898, a brief statement was given of
the origin of the Spanish indemnity certificates. The United States
acts as an intermediary between the Government of Spain and the
FI1900
34
530
REPORT
ON THJS
JFINANCES.
present holders of certain claims against that Government. For many
years the sum of $28,500 has been forwarded annually by the Spanish
Government to the Department of State for distribution among these
claimants. An allotment of the proper proportion of this sum is made
by this office to each claimant, and these amounts are paid by the
Treasurer of the United States upon a schedule furnished him. Owing
to the war with Spain in 1898, the usual remittance for that year was
not received, but on December 27, 1899, double the usual amount was
received and a distribution was made to cover both years.
The transfers of these certificates from one owner to another during
the last seven years are shown in the following table:
Transfers of Spanish indemnity certificates.
Issued on transfers.
Year.
1893-94
1894-95
1895-96
1896-97
1897-98
1898-99
1899-1900
1
.
Number
of bonds.
.
.
. -. .
9
4
4
8
51
2
140
Amount.
$44,523.95
12,306.53
39,556.94
28,475.78
54,446.68
12,067.06
500,147.03
Canceled on transfers.
Number
of bonds.
Amount.
8
3
4
8
. 11
2
110
$44,523.95
12,306.53
39,556.94
28,475.78
54,446.68
12,067.06
500,147.03
CARD SYSTEM FOR ACCOUNTS WITH HOLDERS OF BONDS.
For some time prior to the beginning of the present refunding
operations, the matter of simplifying the methods of keeping the
accounts of the holders of registered bonds had been considered.
Under the plan in vogue since the formation of the Government, a
ledger account has been kept with every bondholder, and in course of
time the number of ledgers in use has assumed large proportions.
For example, there are in use on the funded loan of 1907 alone sixtyeight large ledgers, each containing over seven hundred pages, and
averaging three accounts to the page. I t was a matter of labor and
time to handle these books from day to day, and with the small force
constituting the division it was considered that a more compact form
of keeping accounts would prove advantageous to all concerned. The
matter of a new departure was carefully considered, and finally it was
concluded, after careful examination of methods, that the card system
could be used to advantage. The opening of accounts in a new loan
gave opportunity to t r y the experiment. The result has proven more
than satisfactory, in that about one-half the time heretofore taken to
enter an account upon the books is saved, and the journal and ledger
entries being upon the same card, together with all necessary references, the examination of an account is very much simplified. Much
time is saved and the check upon the issue of the new certificates is
perfect, so that if any error is committed on the part of any person
handling either the new or the old bonds, it is detected at once. Taken
altogether, the system works admirably, and the card method of keeping accounts is no longer an experiment, so far as this division is
concerned.
531
REGISTER.
CLERICAL FORCE.
To the clerical force of the division is due, in large measure, the
prompt handling of the thousands of bonds that are received for
transfer and exchange in the course of a year. It is the practice of
the office to complete all cases the day they are received, and this is
always done unless a defect in the assignment or in the papers submitted with a case demand its retention until the case is perfected. So
systematically was the work arranged, and so zealous were the clerks
in the performance of their duties, that, notwithstanding the fact that
the issue of the 2 per cent consols of 1930 was made with a rapidity
never equaled, the current work was also kept up to date. This is a
record to be proud of, when the fact is taken into consideration that
the force of the division was not increased, save in the particular mentioned in the second paragraph of this report. The salaries paid in
the division are small, when the responsibility and care required, the
magnitude of the work, and the general 'ability of the clerical force
are considered.
DIVISION OF NOTES, COUPONS, AND CURRENCY.
The operations of this division of the office are confined to the receiving, arranging, recording, and filing of redeemed miscellaneous securities of the Government. During the year there were received 102,047
coupon bonds of various loans, a decrease from the receipts of the preceding year of 59,462, due to the immediate exchange last year of
coupon bonds of the Loan of 1908-1918 for registered bonds. There
were entered upon the blotters and examined 163,559 coupon bonds,
an increase of 62,550, and transferred to numerical registers and scheduled 191,142, an increase of 117,716.
The total number of exchanged, redeemed, and transferred coupon
bonds on file in this division to June 30, 1900, is shown in the annexed
table:
Exchanged, redeemed, and transferred honds.
Loan.
Loan of 1848,6 per cent
'.
Loan of 1858,5 per cent
,
Loan of February 8,1861,6 per cent
,
•.Loan of July and August, 1861,6 per cent
Five-twenties of 1862,6 per cent, first series
Five-twenties of 1862,6 per cent, second series
Five-twenties of 1862,6 per cent, third series
Five-twenties of 1862,6 per cent, fourth series.'.
Loan of 1863,6 per cent
Ten-forties of 1864,5 per cent
Five-twenties of June, 1864,6 per cent. Five-twenties of 1865,6 per cent, first series
Five-twenties of 1865,6 per cent, second series
Five-twenties of 1865,6 per cent, third series
Five-twenties of 1865,6 per cent, fourth series
Funded loan of 1881,5 per cent
Funded loan of 1891,4i per cent
:
Funded loan of 1907,4 per cent
Loan of 1904,5 per cent
• Loan of 1925,4 per cent
Loan of 1908-1918,3 per cent
Loans of the District of Columbia
Loan of Louisville and Portland Canal Company.
Total
Number of Number of
coupons
bonds.
attached.
152
. 126
147
117
4,678
7,403
93,253
133,979
807
15,153
1,265
21,763
1,981
28,109
1,012
13,817
29,809
44,275
77,343 3,439,651
1,116
19,936
397
8,178
293,001 4,187,514
459,226 7,512,835
51,206
921,724
•385,278 1,317,085
106,286 2,073,075
387,184 34,553,692
41,900 1,244,841
67,805 7,642,538
233,250 18,178,896
30,396 1,053,048
1,597
953
$136,000
147,000
4,678,000
64,151,300
193,100
351,400
- 737,250334,700
21,548,450
52,851,950
499,650
255,800
142,572,900
220,076,850
22,735,650
305,160,400
84,352,850
170,050,200
39,140,300
62,785,550
94,149,380
11,484,800
1,597,000
2,269,063 82,418,634
1,299,990,480
532
REPORT ON THE FINANOES.
Numher and amount of exchanged, redeemed, and transferred United States and District of
Columhia coupon honds, with numher of attached coupons, recorded in this division and
destroyed hy the committee authorized for that purpose.
Number of Number of
coupons
bonds.
attached.
Loan.
Loan of 1848,6 per cent.
1
Loan of 1858,5 per cent
Loan of 1860,5 per cent
Loan of February 8,1861,6 per cent
Loan of July and August, 1861,6 per cent
Five-twenties of 1862,6 per cent, first series
Five-twenties of 1862,6 per cent, second series
Five-twenties of 1862,6 per cent, third series
Five-twenties of 1862,6 per cent, fourth series
Loan of 1863,6 per cent.. Ten-forties of 1864,5 per cent
Five-twenties of June, 1864,6 per cent
Five-twenties of 1865,6 per cent, first series.
Consols of 1865,6 per cent, second series.. Consols of 1867,6 per cent, third series.'.
Consols of 1868,6 per cent, fourth series
Funded loan of 1881,5 per cent
Funded loan of 1891,4i per cent
Funded loan of 1907,4 per cent
District of Columbia, 50-year funded loan of 1924,3.65 per cent
Total
6,902
69,250
18,984
68,271
1,731
7,548
4,006
112,863
98,531 2,824,476
187,512 4,085,368
205,680 4,201,969
179,819 3,270,977
279,332 4,573,420
46,876 1,409,387
173,052 10,519,764
156,443 4,513,529
227,678 5,150,022
247,703 7,141,000
255,733 8,321,045
39,823 1,344,341
54,586 1,809,876
38,735 2,090,488
116,977 13,148,517
22,982 2,180,017
2,363,085
76,842,128
$8,234,000
18,984,000
1,731,000
4,006,000
73,435,800
99,789,500
99,581,000
99,206,150
152,510,500
35,625,150
102,875,800
114,914,250
178,062,050
139,844,050
92,947,200
14,468,850
48,313,700
33,784,150
94,682,300
8,692,000
1,421,687,450
In connection with some suggestions offered in a former report, I
will further add that a continuation of the destruction of redeemed
coupon bonds to a certain date of redemption, if the proper authority
can be obtained, will very greatly relieve the present congested condition of the files, without prejudice to the public service.
The total number of redeemed detached coupons received, counted,
and verified during the year was 1,751,152, an increase of 71,364 coupons over last year; the number of coupons arranged numerically
was 1,914,583, an increase of 692,598; the number registered was
2,199,969, an increase of 1,216,058, and the number scheduled was
720,512, an increase of 426,133.
Place of payment and amount of coupons received during the year.
NEW YORK, N. Y.
Classification.
Namber.
Amount.
Vnited States loans.
Funded
Funded
Loan of
Loan of
Loan of
loan of 1891, 4i per cent.
loan of 1907, 4 per cent.'.
1904, 5 per cent
1925, 4 per cent
1908-1918, 3 per cent
54
264,745
87,599
118,676
425,105
$200.24
1,551,028.00
1,025,904.75
1,089,978.50
1,386,660.75
3,662
186
614
511
27,305.65
4,267.50
14,187.00
• 17,885.00
901,152
1,117,417.39
District of Columbia loans.
Fifty-year funded loan of 1924, 8.65 per c e n t .
Twenty-year funded loan of 1899, 5 per cent..
Thirty-year funded loan of 1902, 6 per cent...
' Water-stock loan, 7 per cent
Total.
53a
BEGISTEE.
Place of payment and amount of coupons received during the year—Continued.
BOSTON, MASS.
Classification.
Number.
United States loans.
Funded
Loan of
Loan of
Loan of
loan of 1907, 4 per cent
1904, 5 per cent
1925, 4 per cent
1908-1918, 3 per cent
To tal
:.•
-.-.
-•:----...:;...
79,649
12,100
36,985
45,777
$312,398.50
124,171.58
315,822.00
126,865.65
174,511
•
879,257.73
1
20
2
1
10
3
27
3
8
37
$3.65
222.36
2.50
30.00
18.24
36.00
82.50
9.00
10.00
168.20
44,982.50
81,393.70
53,406.00
475,112.85
WASmNGTON, D. C.
United States loans.
Seven-thirties of 1861, 7.3 per cent
Five-twenties of 1862, 6 per cent
Two-year Treasury notes,- 5 per cent
Five-twenties of June, 1864, 6 per cent.
Seven-thirties of 1864 and 1865, 7.3 per cent
Consols of 1865, 6 per cent
-..:
:-.--...
Consols of 1867, 6 per cent
Consols of 1868, 6 per cent
Funded loan of 1881, 5 per cent
Funded loan of 1891, 4i per cent.
Funded loan of 1907, 4 per cent
Loan of 1904, 5 per cent
Loan of 1925, 4 per cent
Loan of 1908-1918, 3 per cent
10,446
6,799
5,548
115,467
District of Columbia loans.
Fifty-year funded loan of 1924, 3.65 per c e n t i . . . . . . .
Twenty-year funded loan of 1899, 5 per cent
Thirty-year funded loan of 1902, 6 per cent
Water-stock loan, 7 per cent
Total
:
2,040
310
1,098
156
5,934. 90
6,377.50
20,622.00
5,460.00
141,976
693,871.90
65,615
7,507
12,049
56,944
$267,790.00
67,527.97
94,868.00
117,521.55
142,115
547,707.52
CINCINNATI, OHIO.
United States loans.
Funded
Loan of
Loan of
Loan of
loan of 1907, 4 per cent...'.
1904, 5 per cent
1925, 4 per cent
1908-1918, 3 per cent
Total
CmCAGO, ILL.
United. States loans.
Funded
Loan of
Loan of
Loan of
$123,927.50
48,032.62
75,736.50
217,666.05
loan of 1907, 4 per cent
1904, 5 per cent
1925, 4 per cent
1908-1918, 3 per cent
Total
V..
465,362.57
PHILADELPHIA, PA.
United States loans.
Funded
Loan of
Loan of
Loan of
loan of 1907, 4 per cent
1904, 5 per cent
1925, 4 per cent
1908-1918, 3 per cent
Total
$135,609.00
60,510.65
59,298.00
158,458.95
413,876.60
534
REPORT ON THE FINANCES.
Place of payment and amount of coupons received during the year—Continued.
ST. LOUIS, MO.
Classification.
Amount.
United States loans.
Funded
Loan of
Loan of
Loan of
loan of 1907, 4 per cent
1904, 5 per cent
1925, 4 per c e n t —
1908-1918, 3 per cent.
Total
$120,377.50
17,526.25
16,481.00
64,317.45
—
:
218,702.20
BALTIMORE, MD.
United States loans.
Funded loan of 1907, 4 per cent
Loan of 1904, 5 per cent
Loan of 1925, 4 per cent
Loan of 1908-1918, 3 per cent
9,299
2,005
6,494
15,128
32,926
Total-...
$51,918.00
20,570.64
64,019.00
41,438.85
177,946.49
SAN FRANCISCO, CAL.
United States loans.
Funded
Loan of
Loan of
Loan of
loan of 1907, 4 per cent
1904, 5 per cent
1925, 4 per cent
1908-1918, 3 per cent
Total
$55,433.00
5,975.00
' 22,610.00
45,407.55
-..
129,425.55
NEW ORLEANS, LA.
United States loans.
Funded
Loan of
Loan of
Loan of
loan of 1907,4 per cent
1904,5 per cent
1925,4 per cent
,
1908-1918,3 per cent
$10,832.00
237.50
408.00
5,625.90
-
Total
17,103.40
RECAPITULATION.
New York, N . Y . . .
Boston, Mass
Washington, D. C Cincinnati, Ohio. Chicago, 111
Philadelphia, Pa-St. Louis, Mo
Baltimore, Md —
San Francisco, Cal
New Orleans, La ..
Total
901,152 $5,117,417.39
174,511
879,257.73
141,976
693,87L90
142,115
547,707.52
141,156
465,362.57
111,174
413,876.60
65,345
218,702.20
32,926
177,946.49
129,426.55
34,937
17,103.40
5,859
1,751,151
,,660,671.35
. 535
REGISTER.
Redeemed coupons received during the year and total numher and amount on file to
June 30, 1900.
Loan.
Coupons
received
during the
year.
Amount,,
Coupons
received to
June 30,1900.
Amount.
United States loans.
Loan of 1842,6 per cent
Loan of 1843,5 per cent
Loan of 1848,6 per cent
Texan indemnity stock, 5 per cent
Loan of 1858,5 per cent
Loan of 1860,5 per cent
Loan of February 8,1861,6 per cent
Oregon war debt, 6 per cent
Loan of July and August, 1861,6 per c e n t . . .
Seven-thirties of 1861,7.3 per cent
Five-twenties of 1862,6 per c e n t .
Loan of 1863,6 per cent
Two-year Treasury notes, 5 per cent
Ten-forties of 1864,5 per cent
Five-twenties of June, 1864,6 per cent
Seven-thirties of 1864 and 1865,7.3 per cent.
Five-twenties of 1865,6 per cent, first series.
Consols of 1865,6 per cent, second series
Consols of 1867,6 per cent, third series
Consols of 1868,6 per cent, fourth series
Certificates of indebtedness of 1870, 4 per
cent
Funded loan of 1881,5 per cent
Funded loan of 1891, 4i per cent
Funded loan of 1907. 4 per cent
Loan of 1904, 5 per cent
Loan of 1925, 4 per cent
Loan of 1908-1918, 3 per cent
36.: 00
82.'50
9.00
42,268
26,657
222,212
107,805
459,372
26,318
216,378
123,653
3,500,600
2,326,772
16,300,434
1,076,892
879,143
2,648,034'
I,598,060
12,835,366
3,516,864
8,181,924
11,669,913
1,283,494
$1,994,580.00
860, 925.00
7,664 010.00
2,695: 125.00
11,484! 300.00
657, 950.00
6,491,340.00
1,758,128.00
73,246,831.50
23,652,541.07A
238,352,866. SQ
23,128,509.50
7,169,202.50
46,502,867.00
32,669,204.50
123,329,981.12A
82,293,850.50
121,054,374.50
161,043,871.00
16,336,944.50
10.00
368.44
2, 674,296. 00
1,451,850.66
1,792,627.00
2,639,075; 66
6,102
10,231,806
4,146,163
21,103,212
993,644
1,179,219
1, 620,883
122,040.00
96,729,867.61
36,463,636.65
99,240,417.60
11,337,570.88
10,616,226.00
4,970,633.40
$3.65
222.36
2.50
30.00
18.24
91
537,027
129,239
199,364
876,778
District of Columbia loans.
Fifty-year funded loan of 1924,3.65 per centTwenty-year funded loaA of 1892, 6per centThirty-year funded loan of 1902, 6 per cent.
Twenty-year funded loan of 1899,5 per cent.
Ten-year loan (Bowen), 6 per cent
Water-stock loan, 7 per cent
Permanent improvement loan, 6 per cent- Permanent improvement loan, 7 per cent- Market-stock loan, 7 per cent
Steam force-pump loan, 7.3 per cent
33,240,55
1,712
496
34,809100
10,645100
667
23,345.00
1,761,151
8,660,671.35
549,707
94,092
38,788
26,449
3,099
16,338
232,316
29,727
3,133
10
3,684,320. 79
880,596.00
781,761.00
593,522.50
16,821.00
571,830.00
2,793,690.00
547,627. 50
47,738.25
182.50
16,349
5,702
490,470.00
Miscellaneous.
Louisville and Portland Canal Company, (
per cent
Total.
106,332,996 1,252,266,344.04
During the year the currency section of the division counted, examined, entered in journals and ledgers, and prepared for destruction
7,901,946 United States notes, amounting to $80,676,000; 12,725,800
Treasury notes of 1890, amounting to $33,499,280; 46,746,809 silver
certificates, amounting to $162,186,504; 173,118 gold certificates,
amounting to $9,699,340; 10,201 fractional currency, amounting to
$2,418.25; 236 refunding certificates, amounting to $2,360, and 32 one
and two j^ear notes of 1863, and three-year compound-interest notes
of 1863 and 1864, amounting to $1,930, aggregating in number of
notes 67,558,142, and in amount $286,067,832.25, and showing an
increase over the last fiscal year of 4,013,137 notes, and in amount
$14,561,818.77.
536
REPORT ON T H E FINANCES.
.Different classes of notes received and destroyed during the year, hy denomination and
amount, and total redemption and destruction of same, hy denomination and amount,
to June 30, 1900,
Issue and denomination.
United States notes:
One dollar
' Two dollar
Five dollar
Ten dollar.Twenty dollar
Fifty dollar
One hundred dollar
Five hundred dollar
One thousand dollar
,
Five thousand dollar
Ten thousand dollar
Unknown denominations.
Total.
Treasury notes of 1890:
One dollar
Two dollar
Five dollar
,
Ten dollar
Twenty dollar
Fiftydollar--.
One hundred dollar. One thousand dollar.
Total.
Silver certificates:
One dollar
Tvvo dollar
Five dollar
Ten dollar
TAventy dollar
Fifty dollar
One hundred dollar..
Five hundred dollar.
One thousand dollar.
Total....
Gold certificates, series of 1882, payable to bearer:
Twenty dollar
Fifty dollar
:
One hundred dollar
Five hundred dollar
'
,
One thousand dollar
Five thousand dollar
Ten thousand dollar
Total.
Fractional currency:
Three cent
Five cent
Ten cent
Fifteen cent
Twenty-five cent
Fifty cent
Unknown denominations.
"'Total.
Amount .
redeemed during the year.
$149, 099.00
267, 936.00
23,441, 580.00
20,844, 170.00
14,759, 790.00
2,035, 125.00
5,128, 650.00
1,960, 750.00
12,089, 000.00
$186,232,605.80
184,863,346.20
515,765,558.00
492,009,029.00
435,331,228.00
131,451,025.00
162,113,250.00
201,940,750.00
360,503,000.00
19,986,000.00
.39,990,000.00
1,000,000.00
1,676,000.00
2,731,184,792.00
7,081,540.00
5,311,330.00
10,730,750.00
7,333,990.00
2,082,520.00
31,850.00
342,300.00
585,000.00
59,245,338.00
44,837,242.00
93,586. 740.00
77,426!310.00
27,237, 170.00
1,055;700.00
16,775,500.00
51,244,000.00
33,499,280.00
371,408,000.00
26,887, 693.00
13,241 736.00
41,030;180.00
36,775,520.00
20,980,800.00
10,974,625.00
8,084,550.00
100,500.00
4,111 000.00
194,589,961.90
111,065,316.60
389,415,027.50
410,866, 649.00
224,693;850.00
51,858,415.00
77,808,780.00
16,537,000.00
31,146,000.00
162,186,504.00
1,507,871,000.00
2,584,640.00
1,248,800.00
1,485,900.00
1,109,000.00
1,616,000.00
515,000.00
1,140,000.00
26,463,876.00
20,110,445.00
22,864,800.00
27,081,000.00
56,577,500.00
60, 920,
000.00
159,510,000.00
9, 699,340.00
372,517,621.00
3.00
25.00
360.00
30.00
900.26
1,100.00
511,701.60
3,836,025.18
77,139,127.33
6,065,368.99
134,756,090.91
132,128,836.70
32,000.00
2,418.25
363,469,150.71
Refunding certificates, payable to bearer:
Ten dollar
One-year Treasury notes of 1863:
Ten dollar
Twenty dollar
Fifty dollar
One hundred dollar
Unknown denominations
39,918,820.00
100.00
100.00
Total.
Two-year Treasury notes of 1863; issued without coupons:
Fifty dollar
One hundred dollar
Total.
Total amount
redeemed to
date.
6,196,126.00
16,425,860.00
8,233,650.00
13,633,900.00
90.00
44,488,625.00
100.00
6,794,600.00
9,678,300.00
100.00
16,472,900.00
537
REGISTER.
Different classes of notes received and destroyed during the year, etc.—Continued.
Amount
redeemed during the year.
Issue and denomination.
Total amount
redeemed to
date.
Tvi^o-year Treasury notes of 1863; issued with coupons:
Fifty dollar
One hundred dollar
i
-. Five hundred dollar
One thousand dollar
$6,903,600.00
14,476,400.00
40,301,000.00
89,299,000.00
Total
149, 980,000.00
Compound-interest notes, act of March 3, 1863:
Ten dollar
Fifty dollar
One hundred dollar
Five hundred dollar
17,982, 940.00
1,000.00
22,390,550.00
30,092,840.00
58,015,600.00
41,123,200.00
57,408,500.00
39,416,000.00
1,660.00
,
Total
873,790.00
2,745,150.00
3, 938,500. 00
10,425,500.00
50.00
160.00
250.00
100.00
Total
Compound-interest notes, act of June 30, 1864:
Ten dollar
Twenty dollar
Fifty dollar
One hundred dollar
Five hundred dollar
One thousand dollar
• $20.00
60.00
70.00
-.
248,446,690.00
RECAPITULATION.
Amount reTotal amount
deemed during redeemed to date.
the year.
Issue.
United States notes
--.
Treasury notes of 1890
Silver certificates
Gold certificates, series of 1882, payable to bearer
Fractional currency
-'
Refunding certificates, payable to bearer
One-year Treasury notes of 1863
Two-year Treasury notes of 1863, issued without coupons .
Two-year Treasury notes of 1863, issued with coupons
Compound-interest notes, act of March 3,1863
Compound-interest notes, act of June 30,1864
Total.
$80,676,000.00 $2,731, 184,792.00
33,499,280.00
371, 408,000.00
162,186,604.00
1,507, 871,000.00
9,699,340.00
372, 517,621.00
2,418.26
353, 469,160.71
2,360.00
39, 918,820.00
200.00
44, 488,625.00
100.00
16, 472,900.00
149, 980,000.00
70.00
17 982,940.00
1,560.00
248, 446,690.00 •
286,067,832.25
5,853,740,538.71
NOTE.—In some of the denominations of the above issues, the notes were redeemed at less than their
face value on account of discounts for mutilations.
. .
The number of paid interest checks* received during the 5'^ear was
405,802, amounting to $36,160,159.98, being an increase over the
receipts of last year of 134,632 checks, and in amount $8,096,484.95.
The number of checks verified was 361,233, an increase of 126,882;
registered, 358,636, an increase of 129,867, and examined, 72,147, an
increase of 61,433.
Numher and amount of interest checks paid at the several suhtreasuries.
NEW YORK, N. Y.
Loan.
Funded
Funded
Funded
Loan of
Loan of
Loan of
Loan of
loan of 1891,4i per cent
loan of 1891,4i per cent, continued at 2 per cent
loan of 1907,4 per cent
1904,5 per cent
1926,4 per cent
1908-1918,3 per cent, deposits for bonds
1908-1918,3 per cent
Total
Number.
Amount.
17
$83.22
1,925
274,348.00
67,948 17,761,739.00
6,633 3,206,687.97
6,987 2,576,916.50
56,623
42,243.62
98,654 2,058,363.00
237,787
25,910,381.31
538
REPORT ON THE FINANCES.
Numher and amount of interest checks paid at the several suhtreasuries—Continued.
BOSTON, MASS.
Loan.
Funded
Funded
Funded
Loan of
Loan of
Loan of
Loan of
Amount.
loan of 1891,4^ per cent
loan of 1891,4^ per cent, continued at 2 per cent.
loan of 1907,4 per cent
1904,5 per cent
1926,4 per cent
•
1908-1918,3 per cent, deposits for bonds
1908-1918,3 per cent
$13.51
43,114.75
1,620,264.00
387,980.40
507,899.00
1, Oil. 03
' 306,983.25
Total
2,867,265.94
PHILADELPHIA, PA.
Funded
Funded
Funded
Loan of
Loan of
Loan of
Loan of
loan of 1881, 6 per cent
loan of 1891, 4i per cent, continued at 2 per cent
loan of 1907, 4 per cent
1904, 6 per cent
1925, 4 per cent
1908-1918, 3 per cent, deposits for bonds
1908-1918, 3 per cent
". .
Total
-..
1
307
1,025
19,181
$1.25
48,686.50
1,334,595.00
311,904.17
203,942.50
660.64
296,896.05
33,542
2,196,685.11
1
2
7
174
10,792
1,346
890
WASHINGTON, D. C.
Funded loan of 1881, 5 per cent
Funded loan of 1881, 5 per cent, continued at 3^ per cent
Funded loan of 1891, 4i per cent
Funded loan of 1891, 4i per cent, continued at 2 per cent
Funded loan of 1907, 4 per cent
Loan of 1904, 6 per cent
Loan of 1925, 4 per cent
Loan of 1908-1918, 3 per cent, deposits for bonds
Loan of 1908-1918, 3 per cent
;
Pacific Railroads, 6 per cent
3
27,869
2,007,626.78
334
4,652
14,565
$33,923.50
546,653.00
172,586.69
99,906.00
3,943.70
213,027.30
24,477-
Total
$6.25
154.34
35.98
16,732.25
1,394,678.00
42,848.67
188,807.50
9,026.24
355,256.55
180.00
1,069,939.19
7,485
372
556
10,365
8,904
CHICAGO, ILL.
Funded loan of 1891, 4i per cent, continued at 2 per cent
Funded loan of 1907, 4 per cent
Loan of 1904, 6 per cent
Loan of 1925, 4 per cent
Loan of 1908-1918, 3 per cent, deposits for bonds
Loan of 1908-1918, 3 per cent
Total
3,818
523
586
CINCINNATI, OHIO.
Funded
Funded
Loan of
Loan of
Loan of
Loan of
loan of 1891, 4i per cent, continued at 2 per cent
loan of 1907, 4 per cent
1904, 6 per cent
1925, 4 per cent
1908-1918, 3 per cent, deposits for bonds
1908-1918, 3 per cent
Total
$6,450.50
371,776.50
67,936.80
172,744.00
5,803.12
72,814.20
686,525.12
BALTIMORE, MD.
Funded loan of 1891, 4^ per cent, continued at 2 per cent
Funded loan of 1907, 4 per cent
Loan of 1904, 5 per cent
Loan of 1925, 4 per cent - -"
Loan of 1908-1918, 3 per cent, deposits for bonds
Loan of 1908-1918, 3 per cent
Total
$7,363.75
194,099.00
47,444.37
54,173.00
3,979.07
70,915.05
377,974.24
539
REGISTER.
Numher and amount of interest checks p)aid at the several suhtreasuries—Continued.
ST. LOUIS, MO.
Loan.
F u n d e d l o a n of 1891, 4^ p e r c e n t , c o n t i n u e d a t 2 p e r c e n t
F u n d e d l o a n of 1907, 4 p e r c e n t
,
L o a n of 1904, 5 p e r c e n t
L o a n of 1925, 4 p e r c e n t
L o a n of 1908-1918, 3 p e r c e n t , d e p o s i t s for b o n d s
L o a n of 1908-1918, 3 p e r c e n t
Pacific R a i l r o a d s , 6 p e r ceiit
Number.
iLmount.
$12,210.25
166,192. 50
14, 931.23
23,231.00
2,236.50
114,202.35
30.00
8,684
333,032.83
13
473
19
94
374
2,342
$3,125.00
51,464.50
2,016.25
25,766.00
236.89
17,721.30
,315
Total
115
1,286
142
144
2,755
4,242
1
100,329.94
SAN F R A N C I S C O , CAL.
Funded
Funded
L o a n of
L o a n of
L o a n of
L o a n of
l o a n of 1891, 4^ p e r c e n t , c o n t i n u e d a t 2 p e r c e n t .
l o a n of 1907, 4 p e r c e n t
1904, 6 p e r c e n t
1925, 4 p e r c e n t
1908-1918, 3 p e r c e n t , d e p o s i t s for b o n d s
1908-1918, 3 p e r c e n t
-
Total.
N E W O R L E A N S , LA.
Funded
Funded
L o a n of
L o a n of
L o a n of
L o a n of
l o a n of 1891, 4^ p e r c e n t , c o n t i n u e d a t 2 p e r c e n t
l o a n of 1907, 4 p e r c e n t
1904, 5 p e r c e n t
1925, 4 p e r c e n t
1908-1918, 3 p e r c e n t , d e p o s i t s for b o n d s
1908-1918, 3 p e r c e n t
$3,171.25
87,866.50
2,757. 50
5,795.50
21.72
17,070.30
Total
116,682.77
N E W Y O R K , N . Y., A N D W A S H I N G T O N , D. C.
District of Columbia bonds:
Fifty-year funded loan of 1924, 3 65 per cent
Old funded debt, 3^ and 6 per cent
$484,866 00
8,851.75
603
Total
558
46
493,717.76
237,787
43,764
33,542
27,869
24,477
16,062
8,630
8,684
3,315
1,069
603
910,381. 31
867,265.94
196.685.11
007,626.78
069,939.19
686.626.12
377,974.24
333,032.83
100,329. 94
116,682. 77
493,717.75
RECAPITULATION.
N e w York, N. Y
B o s t o n , Mass
Philadelphia, Pa
Washington, D. C
C h i c a g o , 111
Cincinnati, Ohio
Baltimore, Md
St. L o u i s , M o
San F r a n c i s c o , Cal
N e w Orleans, La
N e w Y o r k , N . Y., a n d W a s h i n g t o n , D. C
Total
405,802
36,160,159. \
540
REPORT ON T H E FINANCES.
Numher and amount of redeemed interest checks of each loan on file to June 30, 1900.
Number of
checks.
Loan.
Loan of July and August, 1861, 6 per cent
Loan of July and August, 1861, 6 per cent, continued at 3^ per cent.
Loan of 1863, 6 per cent
9
Loan of 1863, 6 per cent, continued at 3^ per cent
Funded loan of 1881, 5 per cent
Funded loan of 1881, 6 per cent, continued at 3i per cent.
,
Loan of July 12, 1882, 3 per cent
Funded loan of 1891, 4^ per cent
,
Funded loan of 1891, 4i per cent, continued at 2 per cent
,
Funded loan of 1907, 4 per cent
,
Loan of 1925, 4 per cent
,
Loan of 1904, 5 per cent
Loan of 1908-1918, 3 per cent
,
,
Loan of 1908-1918, 3 per cent, deposits for bonds
Pacific Railroads, 6 per cent
District of Columbia, fifty-year funded loan of 1924, 3.65 per cent . . .
District of Columbia, Old funded debt, 3i and 5 per cent
,
Total
Amount.
5,994
6,203
3,099
6,571
202,191
64,287
81, 925
669,156
35,336
[,133,443
64,111
36,890
178,244
216,500
63,098
17,238
3,732
4,668,017
:
$3,827, 538.00
1,781, 801.92
1,513, 407.00
1,674, 072.71
109,686, 403.44
16,097, 170.20
28,346, 563.62
105,378, 111.84
4,247, 629.94
442,718, 404.94
17,319, 821.50
16,808, 150.24
3,606, 995.85
199, 242.97
60,311, 839.68
9, 622, 387.65
856, 939.57
823,996,470.97
Issue, redemption, and outstanding of various old issues of the Government at the close of
the year.
T o t a l issued.
Issue.
Seven-thirty Treasury notes:
A c t of J u l y 17,1861
A c t of J u n e 30, 1864, first series
A c t of M a r . 3, 1865, s e c o n d series
A c t of M a r 3 1865 t h i r d series
Redeemed
Total red u r i n g d e e m e d to J u n e Outstanding.
t h e year.
30, 1900.
$200.00
970,087,250.00
Total
Certificates of i n d e b t e d n e s s , a c t s of M a r . 1 a n d
17, 1862, a n d M a r . 3, 1863:
First issue
S e c o n d issue . .
-.
$140,094,760.00
299,992,500.00
331,000,000.00
199,000,000.00
, 750.00
$140,085,350.00
299,946,600.00
330,969,650.00
550.00 198,954,660.00
$9,400.00
46,900.00
30,450.00
45,350.00
969,955,160.00
132,100.00
498,593,241.65
63,160,000.00
498,591,241.65
63,159,000.00
2,000.00
1 000.00
••
661,763,241.66
561,750,241. 65
3,000.00
T h r e e p e r c e n t certificates, a c t s of M a r . 2,1867,
a n d J u l y 26, 1868
85,165,000.00
85,150,000.00
5,000.00
R e f u n d i n g certificates:
A c t of F e b . 26, 1879, p a y a b l e to o r d e r
A c t of F e b . 26, 1879, p a y a b l e t o b e a r e r
58,500.00
,39,964,250.00
2,360.00
58,430.00
39,918,820.00
70 00
35,430.00
40,012,760.00
2,360.00
39,977,250.00
35 500 00
Gold certificates:
429,604,900.00
A c t of M a r . 3, 1863, first series
A c t of M a r . 3,1863, G e n e v a a w a r d — s p e c i a l . . 33,000,680.46
370,500,000.00
A c t o f M a r 3 1863 series of 1870. . .
6,000,000.00
A c t of Mar. 3,1863, series of 1871
143,029,400.00
A c t of M a r 3,1863, series of 1875
'
2,000.00
400.00
33,900.00
429,596,800.00
33,000,580.46
370,473,000.00
4,998,400.00
142,921,300.00
27,000.00
1,600.00
108,100.00
981,134,880.46
36,300.00
980,990,080.46
144,800.00
44,520,000.00
200.00
44,488,625.00
31,375.00
Two-year Treasury notes:
A c t of M a r . 3, 1863, i s s u e d w i t h o u t c o u p o n s . 16,480,000. 00
A c t of M a r . 3, 1863, issued w i t h c o u p o n s - - - 160,000,000.00
100.00
16,472,900.00
149,980,000.00
7,100.00
20,000.00
166,480,000.00
100.00
166,452,900.00
27,100.00
17,993,760.00
248,601,680.00
70.00
1,560.00
17,982,940.00
248,446, 690.00
10,820.00
164 990 00
266,595,440.00
1,630.00
266,429,630.00
165 810 00
Total
Total
Total
O n e - y e a r T r e a s u r y n o t e s , a c t of M a r . 3,3.863
Total
Compound-interest notes:
A c t of M a r . 3,1863
A c t of J u n e 30, 1864
Total.
'
8,100.00
541
REGISTER.
The files of this division are in such a crowded condition that constant care and watchfulness have to be observed in order to keep the
vouchers in any convenient form for ready reference, and, as shown
by the receipts of the same each succeeding year, these important
vouchers accumulate rapidly. Consequently there is now an imperative necessity for more room for their proper filing and preservation.
Classification, total numher, and amount of redeemed vouchers on file in this division.
Classification.
Number of
redeemed
vouchers.
Amount.
United States coupon bonds, various loans
-.
2,237,070 $1,286,908,680.00
Louisville and Portland Canal Company coupon bonds
1,597,000.00
1,597
District of Columbia coupon bonds
11,484,800.00
30,396
United States redeemed (detached) coupons
105,322,988 1,241,857,784.50
9,918,089.54
District of Columbia redeemed (detached) coupons
993,669
Louisville and Portland Canal Company redeemed (detached) coupons
490,470.00
16,349
140,085,350.00
Seven-thirty Treasury notes of 1861
486,556
829 869,800.00
Seven-thirty Treasury notes of 1864 and 1865
3,101,700
Gold certificates of Mar. 3,1863
406,483,380.46
194,850
171,845,000.00
Gold certificates of July 12,1882, series of 1888
22,356
Gold certificates of Mar. 14, 1900 . .
260,000.00
26
Currency certificates of deposit of June 8,-1872
167,473 1,468,840,000.00
Certificates of deposit Temporary loan of Feb. 25,1862
710,776,300.76
81,829
678,362.41
Certificates of indebtedness of July 8,1870
:
679
561,750,241.65
Certificates of indebtedness of Mar. 1 and 17,1862, and Mar. 3,1863 . . . .
247,088
11,430
85,150,000.00
Three per cent certificates of Mar. 2,1867, and July 25,1868
Refunding certificates of Feb. 26 1879 payable to order
5,843
58,430.00
4,683,949
753,206,304.17
Redeemed interest checks. United States registered bonds
10,479,327.12
Redeemed interest checks. District of Columbia registered bonds
20,970
60,311,839.68
63,098
Redeemed interest checks, Pacific Railroads
'
141,824.74
429
Redeemed interest checks, Spanish indemnity certificates
77
863,200.00
Redeemed interest checks, Cherokee land certificates
Total
117,579,412
7,753,054,186.02
The efficiency of the clerks in this office and their entire willingness to respond to any exaction necessarily iinposed to transact the
increasing volume of business are deserving of all praise, and I desire
herewith to acknowledge my appreciation of the same.
The six temporary clerks allowed by act of Congress approved February 24, 1899, to meet the additional work resulting from the 3 per
cent loan, are as imperatively required now as ever before, and I trust
provision will be made for their continued service in the office.
Respectfully submitted.
J. W. LYONS, Register.
The SECRETARY OF THE TREASURY.
REPORT OF THE COMMISSIONER OP mTERNAL REVENUE.
TREASURY DEPARTMENT,
O F F I C E OF COMMISSIONER OF INTERNAL REVENUE,
Washington, D\ C., I^ovemher 1, 1900.
SIR: In compliance with the instructions contained in your letter of
October lO, 1900, I have the honor to submit the following report of
the operations of the Bureau of Internal Revenue for the fiscal year
endeci June 30, 1900, together with certain additional information
relating to the receipts from the various sources of internal revenue
during the months of July, August, and September of the current
fiscal year.
The titles of the tables found at the clo'se of the annual report of
the Commissioner of Internal Revenue {a) are as follows:
Table A, showing the receipts from each specific source of internal
revenue and the amounts refunded in each collection district. State,
and Territory of the United States for the fiscal year ended June 30,
1900.
Table B, showing the number and value of all internal-revenue
stamps, the number of the difierent kinds of certificates of registry,
and the number and value of documentary stamps used for validating
unstamped instruments issued to collectors of internal revenue during
the fiscal year ehded June 30, 1900.
Table C, showing the percentages of receipts from the several general sources of internal revenue now taxable in each State and Territory of the United States to the aggregate receipts from the same
sources, by fiscal years, from July 1, 1863, to June 30, 1900.
Table D, showing the aggregate receipts of internal revenue in each
collection district. State, and Territory of the United States, by fiscal
37^ears, from September 1, 1862, to June 30, 1900.
Table E, showing the receipts from specific and general sources of
internal revenue, by fiscal years, from September 1, 1862, to June 30,
1900.
'
Table F , showing the ratio of receipts from specific sources of internal revenue to the aggregate receipts of the same, by fiscal years,
from July 1, 1863, to June 30, 1900.
Table G, showing the returns of distilled spirits, fermented liquors,
manufactured tobacco, snuff, cigars, and cigarettes, under the several
acts of legislation, and by fiscalyears, from September 1,1862, to June
30, 1900; also statement of the production of distilled spirits and fermented liquors in the several States and Territories, by fiscal years,
from July 1, 1877, to June 30, 1900.
a For tables here referred to, and for other tables omitted from this volume, see
annual repoit of the Commissioner of Internal Reventie for the fiscal year 1900.
543
544
REPORT ON T H E FINANCES.
Table H, showing the receipts from special taxes in the several
States and Territories for the twelve months ended June 30, 1900.
Table I, showing the collections, expenses, and percentage cost of
collection in the several collection districts during the fiscal years
ended June 30, 1899 and 1900.
COLLECTIONS FOR THE FISCAL YEAR ENDED JUNE 3 0 , 1 9 0 0 .
In the last annual report of the Commissioner of Internal Revenue
it was estimated that the collections from all sources of internal revenue for the fiscal year just ended would aggregate 1285,000,000.
I am gratified to state that the actual receipts were 1295,316,107.57,
and that the estimate was exceeded h j $10,316,107.57.
RECEIPTS FOR THE PAST TEN FISCAL YEARS.
Fiscal year ended— .
J u n e 30,1900
J u n e 30,1899
J u n e 30,1898
J u n e 30,1897
J u n e 30,1896
June 30,1895
J u n e 30,1894
J u n e 30,1893.
J u n e 30,1892
J u n e 30,1891
*.-.....
$295, 316,107. 57
273,484,573.44
170, 866, 819. 36
146,619,593.47
146,830, 615. 66
143, 246, 077. 75
147,168,449. 70
161, 004, 989. 67
153, 857, 544. 35
146,035,415. 97
Schedule of articles and occupations subject to tax under the internal-revenue laws of the
United States in force Novemher 1, 1900..
SPECIAL TAXES.
Rate of tax.
Rectifiers of less t h a n 500 barrels a year
|100.00
Rectifiers of 500 barrels or more a year
200. 00
Retail liquor dealers
25.00
Wholesale liquor dealers
•
100. 00
Retail dealers in malt liquors . . . • . . , .
20. 00
Wholesale dealers in malt liquors
50: 00
Manufacturers of stills
50. 00
And for stills or worms, manufactured, each
20. 00
Brewers, annual manufacture less t h a n 500 barrels
50. 00
Annual manufacture 500 barrels or more
100. 00
Manufacturers of oleomargarine
600. 00
Wholesale dealers in oleomargarine. ^
'.
480. 00
Retail dealers in oleomargarine
48. 00
Manufacturers of filled cheese
400.00
Wholesale dealers in filled cheese.
250.00
Retail dealers in filled cheese
.•.-...
12.00
Bankers with capital, preceding fiscal year, not over |25,000
50.00
For every additional thousand in excess of $25,000."
2. 00
(In estimating capital, surplus shall be included.)
Brokers who have not paid as bankers.
."
50.00
Pawnbrokers
.,
,
.'
20. 00
Commercial brokers
20. 00
Custom-house brokers
10. 00
Proprietors of theaters, museums, and concert halls, in cities of over 25,000
population per last census
100. 00
Proprietors of circuses
^
1
100. 00
Proprietors or agents of all other exhibitions or shows for money
10.00
Proprietors of bowling alleys and billiard rooms, for each alley or table
5.00
Dealers in leaf tobacco, sales not over 50,000 pounds
6.00
' Over 50,000 and not over 100,000 pounds.
:.
12. 00
Over 100,000 pounds
24.00
COMMISSIONER OF INTERNAL REVENUE.
545
Rate of tax.
Dealers in tobacco, sales over 50,000 pounds
Manufacturers of tobacco, sales not over 50,000 pounds
Over 50,000 and not over 100,000 pounds
Over 100,000 poundd
Manufacturers of cigars, sales not over 100,000 cigars
Over 100,000 and not over 200,000 cigars
Over 200,000 cigars
Manufacturers, packers, or repackers of mixed
DISTILLED
flour
$12. 00
6. 00
12. 00 "
^
' 24. 00
6. 00
12. 00
24. 00
...
12. 00
SPIBITS, ETC.
Distilled spirits, per gallon.
$1.10
Stamps for distilled spirits intended for export, each.
10
F^xcept when afiixed to packages containing two or more 5-gallon cans for
export
05
Case stamps for spirits bottled in bond
10
Wines, liquors, or compounds known or denominated as wine, and made in
imitation of sparkling wine or champagne, but not made from grapes grown
in the United States, and liquors, not made from grapes, currants, rhubarb,
or berries grown in the United States, but produced by being rectified or
mixed with distilled spirits or by the infusion of any matter in spirits, to
be sold as wine, or as a substitute for wine, in bottles containing not more
than 1 pint, per bottle or package
10
Same, in bottles containing morethan 1 pint, and not more than 1 quart, per
bottle or package....
20
(And at the same rate for any larger quantity of such merchandise, however put up, or whatever may be the package.)
Stamp tax on Avine bottled for sale. {See Schedule B.)
FERMENTED LIQUOKS.
Fermented liquors, per barrel, containing not more than 31 gallons
(And at a proportionate rate for halves, thirds, quarters, sixths, and
eighths of barrels.)
More than one barrel of 31 gallons, and not more than 63 gallons, in one
package
2. 00
4. 00
TOBACCO AND SNUFF.
Tobacco, however prepared, manufactured and sold, or removed for consumption or sale, per pound
Snuff, however prepared, manufactured and sold, or removed for consumption or sale, per pound
12
12
CIGARS AND CIGARETTES.
Cigars, of all descriptions, made of tobacco, or any substitute, weighing over 3
pounds per thousand, per thousand
Cigars, of all descriptions, made of tobacco, or any substitute, weighing not
over 3 pounds per thousand, per thousand
Cigarettes, made of tobacco, or any substitute, weighing over 3 pounds per
thousand, per thousand
Cigarettes, made of tobacco, or any substitute, weighing not over 3 pounds
per thousand, per thousand
1. 00
3. 60
1.50
'OLEOMARGARINE.
All substances heretofore known as oleomargarine, oleo, oleomargarine oil,
butterine, lardine, suine, and neutral; all mixtures and compounds of oleomargarine, oleo, oleomargarine oil, butterine, lardine, suine, and neutral;
all lard extracts and tallow extracts; and all mixtures and compounds of
tallow, beef fat, suet, lard, lard oil, vegetable oil, annotto, and other coloring
matter, intestinal fat, and offal fat made in imitation or semblance of butter,
or when so made calculated or intended to be sold as butter or for butter,
domestic, per pound
Same, imported from foreign countries, per pound
FI 1
9 0 0 — 3 5
3. 60
.02
15
546
REPORT ON THE FINANCES.
PILLED CHEESE.
- Rate of.tax.
Tax on, per pound
•Tax on imported, per pound
.!.-.. $0.01
.08
...
OPIUM.
Prepared smoking opium, per pound . . . . . . . . : . . . . . .
..
MIXED FLOUR.
: . . . . * ^ . . . . . . . . 10.00
..:
„.
:^
:: .
'
Per barrel of 196 pounds, or more that 98 pounds
04
Half barrel of 98 pounds, or more than 49 pounds .•
02
. Quarter barrel of 49 pounds, or more than 24^ pounds . . . : - - - - - - --------- - -.::% -01
Eighth barrel, of 24^ pounds or less . . . . . . . . . . . ; . . . . . . . . ^ ; - . i . . . . . . . . . . . . . : . , , ..,. 00}
Mixed fiour imported from foreign countries, in addition to import duties, lilust
pay internal-revenue tax as above.
^
',
STAMP DUTIES ON AND AFTER JULY I, 1898.
Schedule A.—Documentary.
Rate of tax.
1. Bonds, debentures,,or certificates of indebtedness of any association, com- ,
pany, or corporation, on each $100 of face value or fraction thereof...
2. On each original issue of certificates of stock, whether on organization or
reorganization, on each $100 of face value or fraction thereof...... ^ . . .
On all sales, agreements to sell, memoranda of sales, deliveries or trans- .
fers of shares,, or certificates of stock qf any association or corporation, \
on each $100 of face value or fraction thereof
3. Upon each sale, agreement to sell, or agreement of sale of: any products
or merchandise at any exchange or board of trade, or other similar
place, either for present or future delivery, for each $100 in value of
said sale
..
And for each $100 or fractional part thereof in excess of $100
4. Bank check, draft, certificate of deposit not drawing interest, or order
for the payment of any sum of money drawn upon or issued by any
bank, trust company, or any person or persons, companies, or corporations, at sight or on demand.
5. Bill of exchange (inland), draft, certificateof deposit drawing interest,
or order for payment of any sum of money otherwise than at sight or
on demand, or any promissory note, except bank notes issued for circulation, and for each renewal of same, for a sum not exceeding $100.
And for each additional $100, or fractional part thereof in excess of $100.
(This clause applies to money orders issued by the Government.)
6. Bill of exchange (foreign)', or letter of credit (including orders by telegraph, or otherwise; issued by express or other companies, or any person or persons), drawn in, but payable out of, the United States, drawn
singly or otherwise than in sets of three or more, for not exceeding $100.
And for each additional $100, or fractional part thereof in excess of $100.
If drawn in sets of two or more, for every bill of each set for a sum not
exceeding $100, or its equivalent- in foreign currency, value fixed by
the United States standard
:
For each additional $100, or fractional part thereof in excess of $100....
7. Bills'of lading or receipt (other than charter party), for goods, etc., to
be exported
........:......
8. Bills of lading, manifests, etc., issued by express companies, or public
carriers, etc., and each duplicate thereof
. . . . 1 . . . : 1.'...
9. Bond, indemnifying, etc., except those required in legal proceedings...
10. Certificates of profits, or certificates of memoranda showing interest in
the property or accumulations of any association, company, or corporation, and all transfers thereof, on each $100 of face value or fraction
thereof
1.
11. Certificate of damage, or otherwise, and all other certificates or documents
issued by port warden or marine s u r v e y o r . . . . . . . . . . . . . . . . . . . . . . . . . . .
12. Certificates of any description required by law, not otherwise specified13. Charter party, contract, or agreement for the charter of any ship, vessel,
or steamer, or any renewal or transfer thereof, for every ship not
exceeding 300 tonnage
......1......
More than 300 and not exceeding 600 tonnage
than 600 tonnage
More
•.....',.....
:
.$0.05
. . 05
.02
.01
, .01
.02
.02
.02
. 04
. 04
.02
. 02
.10
. 01
. 50
.02
. . 25
.10
3.00
5.00
10.00
COMMISSIONER OF INTERNAL REVENUE.
547
Rate of tax.
14. Contract, broker's note, or memoranda of sale of goods or merchandise,
stock, bonds, exchange, notes of hand, real estate, or property of any
kind, issued by brokers, etc., for each note or memorandum of sale not
otherwise provided for in act
,
|0.10
15. Conveyance—deed, instrument or writing conveying lands, tenements, or
other realty, etc., value over $100 and not exceeding $500
.
.50
For each additional $500 or fraction thereof.
.50
16. Dispatch, telegraphic, on each message......
.01
17. Entry of goods, wares," and merchandise in'custom-house, hot exceeding' $100 in v a l u e . . . : . , . . . . . . . . ; . . . : . . . . . . . - . . : . - " : : . . ; . . . . : . . - . . : . : . . . : , r' .25
Exceeding $100 and not exceeding $500::::..: - . . . . . . . . . : . : . . . . :•._: 1.
. . 50
Exceeding $500 in value.:
^ L . . . . . : : . . : . : . . : : : : . . . , : . . i ;,'\ 1. 00
Entry for withdrawal of goods, or merchandise from customs bonded! ,!:.
warehouse . . . : . . . . . . : : , : . . . . . . . - . . . . . . . . . . : . . , : . . . : . . . . . : : . . • . : : : . . • • •; .50
18. Insurance, life, on every policy, except any fraternal beneficiairy' society '' '
or order, for each $100 or fractional part thereof oh the amount insured.08
Industrial or weekly payment plan, the tax is 40 per centum of the
amount of the first weekly premium, as to which sworn statement is
required to be made to the collector of the total amount of first weekly •
premiums i'eceived on policies issued during preceding month.
19. Insurance, marine, inland, and fire (except purely cooperative:or mutual),
on each policy, or renewal, on amount of premium charged on each | 1
or fractional p a r t . . . .
.....-....:.......
. 00}
20. Insurance, casualty, fidelity, and guarantee, on each policy, on each $1
or fractional part thereof of premium received
........
. 00}
21. Lease, agreement, memorandum, or contract for the hire, use, oi* rent of •
land or tenement, not exceeding one year
:
.:.
.25
Exceeding one year and not exceeding three y e a r s . . , . . - . .
.50
If exceeding three years
.;.......,.....:....
1. 00
22. Manifest for custom-house entry or clearance of cargo of any ship, vessel,
or. steamer for a foreign port, registered tonnage not exceeding 300
tons
1.00
Exceeding 300 toiis and not exceeding 600 tons
3. 00
Exceeding 600 tons
5.00
. (Does not apply to vessels plying between ports of United States and
ports in British North America.)
^
23. Mortgage, or pledge of lands, estate, or property, real or personal,
hereditable, movable, or made for payment of definite sums of money,
also any conveyance of lands, estate, or property whatsoever, in trust,
etc., exceeding $1,000 and notmore than $ 1 , 5 0 0 . . . . . . : . . . .
. . . . . , .25
On each $500 or fractional part in excess of $1,500..
.25
(Same as above in all assignments or transfers.)
24. Passage tickets by any vessel from the United States to a foreign port,
costing not exceeding $30
:.:
: . 1. 00
Morethan $30 and not exceeding $60....:
:...
. . . . . . . : . : . : : 3.00
Morethan $ 6 0 . . . . . .
,
- . . . . . : . . . . . . . . . . . . . . : , . 5.00
25. Power of attorney or proxy for .voting at an election for officers of any
incorporated company or association, except religious, charitable, literary, or public cemeteries
...:.--.
.10
26. Power of attorney to sell or convey real estate or to rent or lease the same,
to collect or receive rent, to sell, or transfer stock, bonds, e t c . . . . : . . . . . , .25
(Papers used in the collection of jpension, back pky, or bounty claims,
or claims for property lost in military or naval service are exempt.)
27. Protest: Upon the protest of every note, bill of exchange, acceptance,
check, or draft, or any marine protest.
25
28. Telephone messages: Every person, .firm, or corporation operating any
telephone line or lines is required to make, within, thefirstfifteen days .
of each month,, a sworn statement to the collector of the number of
messages or conversations transmitted over their lines during preceding month for which a charge of 15 cents or more was imposed, and ; for each of such messages or conversations to pay a tax o f . . - : : : . - . . . . . 01
29.. Warehouse receipt for goods, merchandise, or property held on storage,
except agricultural products deposited by. actual grower.. ^ . . . . . . . . . .
. 25
548
REPORT ON THE FINANCES.
Schedule B.—Proprietary.
M E D I C I N A L P R O P R I E T A R Y ARTICLES A N D P R E P A R A T I O N S .
Rate of tax.
1. For and upon every packet, box, bottle, pot, or phial, etc., containing
any pills, powders, tinctures, waters (except natural spring waters and
carbonated natural spring waters), etc., made and sold by any person
whatsoever, claiming any private formula, secret or occult art, etc., sold
under letters patent or trade-marks, etc., or recommended as remedies
or specifics for any disease, when suchjjacket, box, bottle, or phial, etc.,
shall not exceed the sum of 5 cents at the retail price
$0. OOJ
When retail price exceeds 5 cents and does not exceed 10 cents
. OOf
When retail price exceeds 10 cents and does not exceed 15 cents
O f
O
When retail price exceeds 15 cents and does not exceed 25 cents
O f
O
And for each additional 25 cents or fractional part thereof
00|
2. Perfumery and cosmetics and other similar articles:
For and upon every packet, box, bottle, pot, or phial, etc., where such
packet, box, bottle, pot, phial, and contents shall not exceed in retail
price 5 cents.
:
O J
O
When retail price exceeds 5 cents and does not exceed 10 cents
O f
O
When retail price exceeds 10 cents and does not exceed 15 cents
00|
When retail price exceeds 15 cents and does not exceed 25 cents
00|
And for each additional 25 cents of retail price or value or fractional part
thereof in excess of 25 cents
. OOf
3. Chewing gums or substitute therefor:
For and upon each box, carton, jar, or package containing chewing gum,
when the retail value does not exceed $1
04
If exceeding $1, for each additional dollar or fractional part thereof
04
4. Sparkling or other wines when bottled for sale:
Upon each bottle containing 1 pint or less
01
Upon each bottle containing more than 1 pint
^
02
STAMP T A X NOT U N D E R S C H E D U L E S A A N D B . .
On seats in parlor or palace cars and berths in sleeping cars (stamp to be
affixed to the ticket by the company)
' .01
TAX ON LEGACIES AND DISTRIBUTIVE SHARES OP PERSONAL
PROPERTY.
When the whole amount of personal property exceeds $10,000 in actual v^alue, passing from any person ori or after June 13,1898, taxes accrue and should be paid before
distribution to the legatees as follows:
Personal property valued over $10,000 and not over $25,000, the tax is:
1. Legatee being of lineal issue, or lineal ancestor, brother or sister to the
person who died, for each and every $100 clear value
$0. 75
2. Legatee being the descendant of a brother or sister of the person who
died, for each and every $100 clear value
:
1.50
3. Where legatee is the brother or sister of the father or mother, or a descendant of a brother or sister of the father or mother of the person who died,
for each and every $100 clear value
3.00
4. Where legatee is the l3rother or sister of the grandfather or grandmother,
or a descendant of the brother or sister of the ^rand parents of the person who died, for each and every $100 clear value
4.00
5. Where legatee shallbe in any other degree.of collateral consanguinity
than is hereinbefore stated, or a stranger in blood to the person who
died, or shall be a body politic or corporate, for each and every $100
clear value
5.00
Legacies, etc., passing to husband or wife of the person who died are exempt from
tax or duty.
Where the amount or value of the whole property left by the decedent exceeds
$25,000, the rates hereinbefore given are required to be multiplied as follows:
Over $25,000 and not over $100,000, by 1}.
Over $100,000 and not over $500,000, by 2.
Over $500,000 and not over $1,000,000, by 2}.
Over $1,000,000, by 3.
COMMISSrONJER OF INTERNAL
549
REVENUE.
teXCISE TAXES ON PERSONS, FIRMS, COMPANIES, AND CORPORATIONS ENGAGED IN REFINING
PETROLEUM AND SUGAR, WHOSE GROSS ANNUAL RECEIPTS EXCEED $250,000.
One-fourth of 1 per cent on gross amount of receipts in excess of said sum'.
BANKS AND BANKERS.
Circulation issued b y any bank, etc., or person, per month
Circulation exceeding 90 per cent cf capital, in addition, per month
Banks, etc., on amount of notes of any person. State bank, or State banking association, used for circulation and paid out
Banks, etc., bankers, or associations, on auiount of notes of any town, city,
or municipal corporation paid out by them
Every person, firm, association, other than national-lDank associations,
and every corporation, State bank, or State banking association, on the
amount of their ovm notes used for circulation and paid out by t h e m . . .
Every such jDerson, firm, association, corporation. State bank, or State
banking association, and also every national banking association, on the
amount of notes of any person, firm, association, other t h a n a national
banking association, or of any corporation. State bank, or State banking association, or of any town, city, or municipal corporation, used for
circulation and paid out by t h e m
xV of 1 p. c.
} of 1 p. c.
lOpercent.
lOpercent.
lOpercent.
lOpercent.
PLAYING CARDS.
Playing cards, per pack, containing not more than fifty-four cards .
$0. 02
TAXES NOT PAYABLE BY STAMPS.
Tax on deficiencies in production of spirits.
on excess of materials used in production of spirits.
on circulation of banks and bankers.
on notes paid out by banks and others.
On telephone messages.
On policies of life insurance issued on industrial or weekly payment plan.
F^xcise taxes on persons, firms, companies, and corporations engaged in refining petroleum and sugar.
Legacies and distributive shares of personal property.
Special tax on banks and bankers.
Penalties of 50 per cent and 100 per cent.
INTERNAL-REVENUE RECEIPTS DURINO THE LAST TWO FIGCAL YEARS.
COMPARATIVE STATEMENT SHOWING T H E R E C E I P T S FROM T H E S E V E R A L OBJECTS OF
INTERNAL T A X A T I O N IN T H E U N I T E D STATES DURING THE FISCAL Y E A R S ENDED
J U N E 30, 1899 A N D
1900.
Objects of taxation.
Receipts during fiscal years
ended June 8,0—
1899.
81,436,839.50
81,524,997.32
Increase.
Decrease,
1900.
SPIRITS.
Spirits distilled from apples, peaches,
grapes, pears, pineapples, oranges, apricots, berries, and prunes
•
Spirits distilled from materials other than
apples, peaches, grapes, pears, pineapples,
oranges, apricots, berries, and prunes
.Rectifiers (special tax)
Retail liquor dealers (special tax)
Wholesale liquor dealers (special tax)
Manufacturers of stills (special tax)
Stills and worms manufactured (special tax)
Stamps for distilled spirits intended for
export
Case stamps for distilled spirits bottled in
bond..,
Total
92,201,245.77
259,899.41
4,895,086.63
469,874.64
1,077.11
2,380.00
S88,157.82
102,850,924.14 10,649,678.37
278,016.18
18,116.77
4,727,225.58
$167,861.05
465,019.52
4,855.12
1,097.12
20.01
2,440.00
60.00
2,563.10
4,419.32
1,856.22
14,568.00
14,678.00
110.00
99,283,534.16
109,868,817.18 10,585,283.02
550
REPORT ON T H E FINANCES.
COMPARATIVE STATEMENT SHOWING THE RECEIPTS FROM THE SEVERAL OBJECTS CP
INTERNAL TAXATION, ETC.—Continued.
Receipts during fiscal years
ended June 30—
Objects of taxation.
Increase.
Decrease.
• 1900.
Cigars \yeighing more than 3 pounds per
thousand
:
— 816,307,108.05 $19,138,584.82 2,831,476.77
Cigars weighing not more than 3 pounds
547,415.52
per thousand
646,896.82
99,481.30
Cigarettes weighing not more than 3
4,203,753.86
pounds per thousand
3,953,177.09
Cigarettes weighing more than 3 pounds per
6,552.82
9,461.39
thousand
16,014.21
38,292.70
1,751,797.44
Snuff
1,790,090.14
28,453,989.26
Tobacco, chewing and smoking
33,477,244.26 5,023,255.00
73,657.46
Dealers in leaf tobacco
72,030.04
22,462.00
Dealers in manufactured tobacco
16,564.00
29,139.12
Manufacturers of tobacco
18,207.70
324,090.01
Manufacturers of cigars
222,301.38
770,333.53
Miscellaneous collections relating to tobaccoj
3,973.81
Total
.:
$250,576.77
1,627.42
5,898.00
10,931.42
101,788.63
766,359.72
.52,493,207.64
59,355,084.27
6,861,876.63
67,673,301.31
179,357.40
232,399.56
72,762,070.56
161,308.52
239,833.81
5,088,769.25
382,409.34
372,780.59
9,628.75
177,090.84
14,761.01
162,329.83
68,644,558.45
73,550,754.49
4,906,196.04
1,609,912.56
2,085,273.02
475,360.46
11,500.00
15,450.00
3,950.00
263,322.00
345,142.80
81,820.80
F E R M E N T E D LIQUORS.
Ale, beer, lager beer, porter, and other similar fermented liquors
Brewers (special tax)
Retail dealers in malt liquors (special t a x ) .
Wholesale dealers in malt liquors (special
tax)
Additional collections on fermented liquors
stored in warehouse, act of June 13,1898..
Total..
:
7,434.25
OLEOMARGARINE.
Oleomargarine, domestic and imported
Manufacturers of oleomargarine (special
tax)
Retail dealers in oleomargarine (special
tax)
Wholesale dealers in oleomargarine (special
tax)
71,884.00
.97,919.36
26,035.36
1,956,618.56
2,543,785.18
587,166.62
16,886.41
1,200.01
12.00
15,750.47
1,300.01
14.00
100.00
2.00
18,098.42
Total.
17,064.48
1,787.10
1,802.91*
15.81
1,961.23
2,643.08
681.85
532.01
1,700.88
290.25
1,134.78
FILLED CHEESE.
FiUed cheese, domestic and imported
Manufacturers of filled cheese (special tax).
Retail dealers in filled cheese (special tax).
Wholesale dealers in filled cheese (special
tax) '.
Total.
1,135.94
1,033.94
M I X E D FLOUR.
Per barrel of 196 pounds, or more than 98
pounds
Half barrel of 98 pounds, or more than 49
pounds
Quarter barrel of 49 pounds, or more than
24^ pounds
,
Eighth barrel of 24^ pounds or less
Manufacturers, packers, or repackers of
mixed flour (special tax)
1,568.44
290.96
7,439.46
401.16
ENUMER-
Bankers, capital not exceeding $25,000
,
Bankers, capital exceeding $25,000, for each
additional $1,000 in excess of $25,000
Billiard rooms
Brokers, stocks, bonds, etc
Brokers, commercial
Brokers, custom-house
Brokers, pawn
-
1,859.40
7,840.62
Total.
SPECIAL TAXES N O T E L S E W H E R E
ATED.
241.76
566.10
448,702.08
384,445.24
64,256.84
3,302,134.91
367,074.65
357,010.70
181,919.42
8,105.01
50,522.73
3,129,404.77
322,538.85
309,606.88
138,281.12
6,167.18
37,861.18
172,730.14
44,535.80
47,403.82
43,638.30
1,937.83
12,661.55
551
COMMISSJtONEB OF I N T E R N A L R E V E N U E .
COMPARATIVE STATEMENT SHOWING THE RECEIPTS FROM THE SEVERAL OB.TECTS OP
INTERNAL TAXATION, ETC.—Continued.
, Receipts during fiscal years
ended^une 30—
Objects of taxation.
1899.
. Increase.
Decrease;
1900.
S P E C I A L T A X E S NOT E L S E W H E R E E N U M E R ATED—COntiUUCd.
Bowling alleys
Circuses
Exhibitions not otherwise provided for
Theaters, museums, and concert halls
Total
$61,349.22
18,233.17
72,164.93
54,376.39
4,921,593.21
.-
LEGACIES
$44,194.81
11,744.36
84,218.44
. 47,178.02
4,515,640.85
558,247.00
225;568.08
1,315,417.03
• 618,259.32
757,170.03
392,691.24
48,630.55
170,697. 65
122,067.10
6,721.99
8,940.69
2,218.70
$12,053.51
$17 154 41
6,488.81
7,198.37
405 952.36
AND DISTRIBUTIVE SHARES OP
PERSONAL PROPERTY.
•
Legacies, lineal issue or ancestor brother
or sister
Legacies, descendant of a brother or sister..
Legacies, brother or sister of the father or
mother, or a descendant of a brother or
sister of the same
Legacies, brother or sister of the grandfather or grandmother, or a descendant
of the brother or sister of the same
Legacies, any other degree of collateral
consanguinity- than is h e r e i n b e f o r e
stated or stranger in blood....
396,267.63
771,176.86
1,235,435.25
9. RR4 4 m Fih
38,618,081.20
5,219,737.46
Total..
•
374,909. 23
36,416,082.11
4,548,283.19
1,649,056.30
SCHEDULES A A N D B .
Schedule A
Schedule B
2,201,999.09
671,454.27
•
Total
• . 43,837,818.66
40,964,365.30
Bank circulation..•.
Notes of persons, State banks, towns, cities,
etc., paid out
. Total
2,873,453.36
"
B A N K S , B A N K E K S , ETC.
.•
1,460.50
1,460.50
1,460. 50
.
1,460.50
1,079,405.14
145.25
331,010.66
193,721.46
435,958. 73
145.25
59,881.82
27,145.21
ailSCELLANEOUS.
Excise tax on gross receipts
Opium
Playing cards
Penalties
Collections not otherwise herein provided
for
, Total
• • Aggregate receipts
643,446.41
271,128.84
166,576.25
4,716.97
; 2,921.80
1,085,868.47
1,607,204.31
273,484,573.44
•1,795.17
521,335.84
295,316,107.57 21,831,534.13
.
552
REPORT
AVITHDRAWALS
FOR
ON
THE
FINANCES.
CONSUMPTION D U R I N G
YEARS.
THE
LAST
TWO
FISCAL
The quantities of distilled spirits, fermented liquors, manufactured
tobacco, snuif, cigars, cigarettes, oleomargarine, and filled cheese on
which tax was paid during the last two fiscal years are as follows:
Piscal years ended June 30—
Articles taxed.
Spirits distilled from apples, p e a c h e s ,
grapes, pears, pineapples, oranges, apricots, berries, and prunes
galls..
Spirits distilled from materials other than
apples, peaches, grapes, pears, pineapples,
oranges, apricots, berries, and prunes
galls
Fermented liquors
bbls..
Cigars weighing more than 3 pounds per
thousand
no..
Cigars weighing not more than 3 pounds
per thousand
^
.
no..
Cigarettes Aveighing not more than 3
pounds per thousand
no. .
Cigarettes weighing niore than 3 pounds
per thousand
no..
Snuff
lbs..
Tobacco, chewing and smoking
lbs..
Oleomargarine
lbs..
Filled cheese
lbs..
Increase.
1899.
1900.
1,306.218
1,386,361
80,143
83,819,314
36,581,114
93,500,840
39,330,849
9,681,526
• 2,749,735
4,529,872,304
5,316,273,561
786,401,257
547,415,520
646,896,820
99,481,300
2,802,502,573
2,635,451,393
2,628,164
14,627,106
237,132,710
80,495,628
4,448,392
14,917,418
278,977,035
104,263,651
1,575,047
1,688,641
167,051,180
1,820,228
290,312
41,844,325
23,768,023
NOTE.—The quantity of mixed flour withdrawn can not be stated, owing to the variable number
of pounds taxed.
A G G R E G A T E C O L L E C T I O N S M A D E A N D R E P O R T E D TO T H E C O M M I S S I O N E R O P I N T E R N A L
R E V E N U E BY T H E COLLECTORS OF T H E S E V E R A L COLLECTION DISTRICTS DURING T H E
F I S C A L Y E A R E N D E D J U N E 30,
1900.
Collection districts.
Names of collectors.
Aggregate
collections.
District of Alabama
$539,015.22
Julian H. Bingham
District of Arkansas
..
Harmon L. Remmel
260,418.99
First California
John C. Lynch
3,912, 785.84
Fourth California
Henry C.Bell
604,712.50
District of Colorado
Frank W. Howbert
1,313,596.46
District of Connecticut . . .
Thomas A. L a k e . . . :
1,298, 208.83
Do
George R. Case (acting)
520,415.47
Do
W. Frank Kinney
1,222, 158.98
District of Florida
....
Joseph E. Lee
725,142,72
District of Georgia
Henry A. Rucker
917,892.03
District of Hawaii
RobertN. Frick (deputy in charge)
*7, 454.30
Firstlllinois
Frederick E. Coyne...".
14,371,870.26
Fifthlllinois
Aquilla J. Daugherty
25,480,154.96
Eighth Illinois
Richard Yates
11,261,795.67
Thir-teenth Illinois
WiUiam H. Powell
1,123,908.43
Sixth Indiana
Ambrose E. Nowlin
5,497,468.17
Seventh Indiana
David W. Henry
17,732,155.64
Third Iowa
John W. Patterson
925,742.09
Fourth Iowa
John M. Kemble
949,061.78
District of Kansas
Michael W. Sutton
1,010, 718.79
Second Kentucky
Edward T. Franks
1,909,838.31
Fifth Kentucky
Charles E. Sapp
,
,.
13,695,451.07
Sixth Kentucky ...".
David N. Comingore
3,432, 562.17 .
Seventh Kentucky
Samuel J. Roberts
2,642,553.97
Eighth Kentucky
John W. Yerkes
2,791 977.41
District of Louisiana
Louis J. Souer
2,443, 558.37
District of Maryland
Benjamin F. Parlett
a 9,002,373.14
District of Massachusetts .
James D. Gill
7,953,569.58
First Michigan
Charles Wright
3,874, 436.83
Fourth Michigan ...'
Samuel M. Lemon
1,050, 587.65
District of Minnesota
Frederick von Baumbach
2,814,113.23
First Missouri
Henry C. Grenner
14,641,025.64
* Receipts during the last seventeen days (from June 14 to June 30) of the fiscal vear ended June
30, 1900.
a Includes $602,362.52, receipts from tax on money orders for third and fourth quarters of the fiscal
year ended June 30,1899, and first and second quarters of the fiscal year ended June 30, 1900,- turned
over by the Postmaster-General to the district of Maryland.
553
COMMISSIONER OF I N T E R N A I . B E V E N U E .
AGGREGATE COLLECTIONS M A D E AND REPORTED TO THE COMMISSIONER OF INTERNAL
REVENUE BY THE COLLECTORS OF THE SEVERAL COLLECTION DISTRICTS DURING THE
FISCAL Y E A R ENDED JUNE 30, 1900—Continued.
Collection districts.
Aggregate
collections.
Names of collectors.
Sixth Missouri
District of Montana
District of Nebraska
District of New Hampshire . .
First New Jersey
Fifth New Jersey
District of New Mexico . . . ' . : .
First New York
Second New York
Third New York
Fourteenth New York
Twenty-first New York
Twenty-eighth New York . . .
Fourth North Carolina
Fifth North Carolina
•....
FirstOhio
Tenth Ohio
Eleventh Ohio
Eighteenth Ohio
District of Oregon
First Pennsylvania
Ninth Pennsylvania
Twelfth Pennsylvania
Twenty-third Pennsylvania .
District of South Carolina . . .
Second Tennessee
Fifth Tennessee.
Third Texas
Fourth Texas
Second Virginia
Sixth Virginia
District of West Virginia
First Wisconsin
Second Wisconsin.
Frank E. Kellogg
Charles M. Webster
Jacob E. Houtz
James A. Wood
Isaac Moft'ett
H.C.H.Herold
Alexander L. Morrison.
Frank R. Moore
Charles H. T r e a t . . . . . . . .
Ferdinand Eidman
John G. Ward
Charles C. Cole
:
Archie D. Sanders
Edward C. Duncan
Herschel S. Harkins
Bernhard Bettmann
George P. Waldorf
John C. Entrekin
Frank McCord
David M. Dunne
Penrose A. MbClain
Henry L. Hershey
Thomas F. Penman
James S. Fruit
:
Eugene A. Webster
Alonzo J, Tyler
David A. Nunn
Webster Flanagan
Philemon B. Hunt
James D. Brady
Park Agnew.
Albert B.White
Henry Fink
James G. Monahan
$2,053,146.03
718,365.33
3,383,918.23
1,309,361.06
559,425. 63
8,269,469.41
131,256.67
8,736.762.44
15,356,413.69
10,971,245.89
4,003,262.84
2,734,022.20
4,673,428.16
2,899,498.27
3,432,435.09
14,133,942.99
1,812,783.49
2,337,941.07
3,060,822.08
1,248,743. 91
10,654,160.66
3,528,250.39
1,877,783.33
9,863,311.97
312,911.22
535,149.65
1,760,456. 36
1,006,421.22
535,053. 25
3,667,881.58
1,765,938.47
1,552,826.40
9,280,252.00
1,222,742.09
Aggregate collections.
295,316,107.57
R E C E I P T S , B Y STATES A N D T E R R I T O R I E S , D U R I N O T H E LAST FISCAL Y E A R .
AGGREGATE
COLLECTIONS OF INTERNAL R E V E N U E , B Y STATES A N D TERRITORIES,
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, 1900.
Aggregate
collections.
States and Territories.
Alabama. .
Arkansas
Californiaa
Colorado b
Connecticut c .
Florida
Georgia.
Hawaii
Illinois
Indiana
Iowa
Kansas d
Kentucky
Louisiana e
Maryland/.
Massachusetts
. . . .
Minnesota
Alissouri .
:..
$539,015.22
260,418.99
4,517,498.34
1,313,596.46
3,040,783.28
725,142.72
917,892.03
7,454.30
52,237, 729.32
23,229,623.81
1,874,803.87
1,010,718.79
24,472,382.93
2,443,558.37
9,002,373.14
7,953, 569.58
4,925, 024,48
2,814,113.23
16,694,171.67
Aggregate
collections.
States and Territories.
Montana g
,
Nebraska h . . . '.
New Hampshire i . . .
New Jersey
New Mexico k.. .
New York
North Carolina
Ohio
:
Oregon I
Pennsylvania
South Caroli n a
Tennessee
Texas
."
Virginia
West Virginia
Wisconsin
Total
.
. .
$718,365.33
3,383,918.23
1,309,361,06
8,828,895. 04
131 256 67
46,475,135. 22
6,331,933.36
21,345,489.63
1,248,743.91
25,923,506.35
312 911 22
2,295,606.01
.1,541,474.47
5,433,820.05
1,552,826.40
10,502,994.09
295,316,107.57
a Including the State of Nevada.
b Including the State of Wyoming,
c Including the State of Rhode Island.
c Including the Indian Territory and the Territory of Oklahoma.
Z
e Including the State of Mississippi.
/ I n c l u d i n g the State of Delaware, District of Columbia, and two counties of Virginia.
f/Including the States of Idaho and Utah.
/i Including the States of North Dakota and South Dakota.
2Including the States of Maine and Vermont.
ic Including the Territory of Arizona.
f
^Including the State of VVa.shington and the Territory of Alaska.
554
REl^ORT ON T H E FINANCES.
AMOUIIT OF INTERNAL REVENUE COLLECTED IN THE SEVERAL STATES, TERRITORIES,
ETC., THAT HAVE BEEN CONSOLIDATED WITH OTHER DISTRICTS, FOR THE FISCAL
Y'EAR ENDED JUNE 30, 1900.
Amount collected.
. States, Territories, etc.
Alaska..'.
Arizona
California
California -fourth district of
Colorado
Connecticut
Delaware
District of Columbia
Idaho '. '.-'.'•
Indian Territory
Kansas!
Louisiana
Maih& . . . '
Maryland.'.
Mississippi
Montana.
Nebraska
•
-
Amount collected.
States, Territories, etc.
$13,60L96' 66,475.60
4,484,533.06
571,747.22
, 1,269,073.851,902,419.87
254,061.20
796,158.46
43,764.04
27,316.00
913,282.04
2,334,110.01
325,097.62
7,949,066.45,
109,448.36
470.924.70
3,094,408." 19
Nevada
New Hampshire
New Mexico
North Dakota
Oklahoma Territory
Oregon.
..
*
,
Rhode Island
South Dakota .
Utah
Vermont
Virginia
Virginia, two counties of Accomac and Northampton, belonging to collection district of
Maryland
'.
.
Washington
VVyoming
:
R E C E I P T S F O R F I R S T T H R E E . M O N T H S , C U R R E N T FISCAL
$32,965.28
803,505.30
64,781.07
96,669.81
70,120.75
443,391.15
1,138,363.41
192,840.23
203,676.59
180,758.14
5,436,907.08
3,087.03
791,^750.80
44,522.61
YEAR.
The following table shows the receipts from the several objects of
taxation for the first three months of the fiscal years ending June 30,
1900.and 1901. A comparison of the receipts for the two periods is
also pfiven.
'
Objects of taxation.
Amount of tax paid during first|
three months of fiscal year—
Increase.
Decrease.
1900.
•
SPIRITS.
Spirits distilled from apples, peaches,
grapes, pears, pineapples, oranges, apricots, berries, and prunes
.
Spirits distilled from materials other than
apples, peaches, grapes, pears, pineapples,
oranges, apricots, berries, and prunes
Rectifiers (special taxj
Retail liquor dealers (special tax)
Wholesale liquor dealers (special tax)
Manufacturers of stills (special tax)
Stills and worms manufactured (special tax)
Stamps for distilled spirits intended for
export
.'
Case stamps for distilled spirits bottled in
bond
$260,039.86
$289,635.64
$29,595.78
22,494,453.41,
115,812.56
2,491,821.38
243,358.49
708. 34
600.00
22,705,938.46
119,330.06
2,587,258.88
254,700.80
949.19
760.00
211,485.05
3,517.50
95,437.50
II,342.31
240.85
160.00
341.50
TOBACCO.
25,962,911.73
351,894.49
4,754,111.22
5,097,536,33
343,425.11
174,354.96
153,685.31
1,025,333.88
1,014,566.18
3,256.70
444,907.59
7,933,120.34
38,531.75
6,664.50
9, OOL 50
110,436.40
732.98
5,557.50
374,507.62
8,214,895.01
33,203.55
7,314.50
9,023.65
113,845.31
246.55
$226.00
.
Cigars weighing more than 3 pouiids per
thousand
Cigars weighing not more than 3 pounds
per thousand
Cigarettes weighing not more than 3 pounds
per thousand
Cigarettes weighing more than 3 pounds
per thousand
Snuff
Tobacco, chewing and smoking
Dealers in leaf tobacco
Dealers in manufactured tobacco
Manufacturers of tobacco
Manufacturers of cigars
Miscellaneous collections relating to tobacco
Total
912.70
3,426.00
25,611,017.24
; Total......
571.20
3,652.00
14,500,45L82
15,024,381.51
20,669.65
10,767.70
2,300.80
'28i'774.*67'
•650.00
22.15
3,408.91
70,399.97 .
'"5"328."26
486.43
523,929.69
555
COMMISSrONSR OF INTERNAI, REVENUE.
Amount of tax paid during first
three months of fiscal year-
Objects of taxation.
Increase.
Decrease.
1900.
F E B M E N T E D LIQUORS.
Ale, beer, lager beer, porter, and other similar f iermented liquors
$21,680,588.54 $23,401,949.16 $1,721,360.62
Brewers (special tax)
85,300.05
84,785.47
514.58
Retail dealers j n malt liquors (special t a x ) .
141,053.33
141,160.43
Wholesale dealers in malt liquors (special
204,292.01
193,69L60
10,600.41
tax)
Additional collections on fermented liquors
134.64
1,21L25
stored in. warehouse, act of June 13,1898..
Total
:......
22,101,437.29
23,832,729.19
1,076.61
1,731,291.90
9,500.00
215,114.50
$107.10
3,500.00
.43,425.87
OLEOMARGARINE.
Oleomargarine, domestic and imported
Manufacturers of oleomargarine (special
tax)
Retail dealers in oleomargarine (special tax)
Wholesale dealers in oleomargarine (special
tax)
15,178.04
438,731.54
6,000.00
171,688.63
45,720.00
52,500.00
6,780.00
;...
662,140.17
700,668.00
38,527.83
Bankers, capital not exceeding $25,000......
Bankers, capital exceeding $25,000, for each
additional $1,000 in excess of $25,000
Billiard rooms
Brokers, stocks, bonds, etc.
B.TOkers, commercial
Brokers, custom-house
Brokers, pawn
Bowling alleys
Circuses
Exhibitions, not otherwise provided f o r —
Theaters, museums, and concert halls
239,841.79
216,996.85
2,700,595.36
164,662.44
143,324.12
69,515.96
3,282.55
17,526.70
21,357.99
8,587.59
. 40,177.13
34,961.96
2,685,123.04
173,696.34
137,625.64
68,831.01
3,200.87
17,748.39
23,173.88
6,858.42
37,302.57
' 35,089.29
3,443,833.5
" 3,405,646.30
• 38,187.29
7,498,438.97
1,024,090.84
214,577.02
705,072.84
65,388.16
2,701.36
899.80
32,019.02
1,251,229.04
12,017:27.
87,632.29
265,248.19
1,232.83
' Total
S P E C I A L T A X E S NOT E L S E W H E R E
ENUMERATED.
Total
22,844.94
15,472.32
9,033.90
221.69
1,815.89
5,698.48
684.95
8L68
1,729.17
2,874.56
MISCELLANEOUS.
Schedule A
Schedule B
Excise tax on gross receipts
Legacies
Playing cards
Mixed flour
Filled cheese
Penalties, etc
Collections, not.otherwise herein provided
for
8,749,668.01
1,036,108.11
302,209.31
439,824.65
73,940.96
3,049.33
666.67
31,626. 71
164.74
1,397. 57
Total
10,637,258.49
9,544,585.58
Aggregate receipts
76,956,138.60
233.13
392. 31
8,552.80
347.97
1,092,672.91
78^470,922.31 1,514,783.71
E S T I M A T E D R E C E I P T S F O R THE> C U R R E N T FISCAL
YEAR.
It will be seen from the foregoing tabular statement that the receipts
from all sources of internal revenue for the first three months of the
current fiscal year aggregated 178,470,922.31.
For the same period of the preceding fiscal year the total receipts
amounted to $76,956,138.60, the increase in favor of the current fiscal
year being $1,514,783.71.
In view of the above-indicated increase, and .after giving due consideration to the varied commercial interests of the country affected
by internal-revenue taxation, I estimate that the receipts from all
sources of internal revenue for the current fiscal year will approximate
1295,000,000.
556
REPORT ON THE FINANOES.
COST O F
COLLECTION.
The cost of collection for the past fiscal year, distributed among the
different items of appropriation, was approximatel}^ as follows:
For salaries and expenses of collectors, including pay of deputy col-||-, ^.o KQQ QA
lectors, clerks, etc., and including expenses incident to enforcing the r ' c^g' noy' oo
provisions of law taxing oleomargarine
J
'
*
For salaries and expenses of revenue agents, surveyors of distilleries,
gaugers, storekeepers, and miscellaneous expenses
1,964,274. 72
For paper for internal-revenue stamps
37, 615. 38
For expenses of detecting and punishing violations of internal-revenue
laws
73,664.84
For salaries of officers, clerks, and employees in the office of Commis-f
254, 622. 08
sioner of Internal Revenue
\ a 74, 892. 04
Total amount expended
4, 653, 687. 74
P E R C E N T A G E O F COST O F
COLLECTION.
The percentage of cost of collection is 1.58 per cent. The expenses
for the previous fiscal year were $4,591,754.90, or 1.68 per cent of the
collections for. that year. The percentage of cost indicated above is
the smallest that has been reached in the history of this Bureau in the
administration of the internal-revenue laws.
MISCELLANEOUS
EXPENSES.
The act of Congress approved August 7, 1882, making provision for
sundry civil expenses for the year ended June 30, 1883, required the
Commissioner of Internal Revenue to make a detailed statement of all
miscellaneous expenditures in the Bureau of Internal Revenue for which
appropriation was made in that act. In accordance with this requirement, I submit the following detailed statement of miscellaneous
expenses incurred:
Telephoning on public business.
^
:......
Telegraphing on public business
$778. 33
Locks for use at distilleries
3, 507. 70
Hydrometers used in gauging spirits
6,870. 75
Weighing beams for use in weighing spirits
' . 3, 602.13
Steel canceling dies
32.10
Stationery for internal-revenue officers
578. 28
Laboratory supplies, saccharometers, and chemicals for testing sweet wine
and oleomargarine
:.
963. 61
The Federal Reporter for t h e office of the Commissioner of Internal Revenue
28. 00
Traveling expenses .of clerks and chemist under special orders of the
Department
190. 02
Expenses of seizures and sales by collectors
Total
16,550.92
a Act of J u n e 13, 1898.
COMMISSIONER OF INTERNAL REVENUE.
E S T I M A T E D E X P E N S E S F O R N E X T FISCAL
557
YEAR.
I estimate the expenses of the Internal-Revenue Service for the fiscal
year ending J u n e 30, 1902, as follows:
For salaries and expenses of collectors, including pay of deputy collect-"
ors and surveyors and clerks, and expense of enforcing the act of II,850,000
August 2, 1886, taxing oleomargarine, and the act of August 4, 1886,
a650,000
imposing on the Government the expense of the inspection of tobacco
exported, and the act of June 6, 1896, imposing a tax on filled cheese..
For salaries and expenses of 20 revenue agents, for fees and expenses of
gaugers, for salaries of storekeepers, and for miscellaneous expenses.. 2, 000, 000
For paper for internal-revenue stamps
'.
60, 000
For detecting and bringing to trial and punishment persons guilty of violating the internal-revenue laws, including payment for information
and detection
100,000
For salaries of officers, clerks, and employees in the office of the Com-l
266,140
missioner of Internal-Revenue
/
h 200
Total
4,926,340
SALARIES.
•
I have the honor to recommend that Congress appropriate for the
fiscal year ending J u n e 30, 1902, the sum of $266,340 as salaries for
the following oflicers, clerks, and employees in this Bureau:
One Commissioner, at
Two deputy commissioners, at
One chemist, at
Two heads of division, at
Six heads of clivision, at
One superintendent of stamp vault, at
One stenographer, at
Twenty-four clerks, at
^
Extra compensation for 1 clerk detailed as paymaster, at
Twenty-four clerks, at
Thirty-four clerks, at
TAventy-four clerks, at
Twenty-two clerks, at
Thirty clerks, at
Two niessengers, at
Fourteen assistant messengers, at
Thirteen laborers, at.".
:
|6,000
4,000
2, 500
2, 500
2,250
2,000
1, 800
1, 800
200
1, 600
1,400
1, 200
1,000
900
840
720
660
An aggregate of 201 persons.
I also recommend the appropriation of the sum of $2,500 as salaries
for one stamp agent, at $1,600, and one counter, at $900, the same to
be reimbursed by the stamp manufacturers, as provided by the act of
.August 5, 1882.
SCALE OF SALARIES OF COLLECTORS.
The recommendations made for the salaries of collectors are based
upon an estimate of their probable collections according to the following scale, with the qualification that if the actual collections should
a Act of June 13, 1898, and act of July 7, 1898.
h Extra compensation for clerk detailed as paymaster for office of internal revenue.
558
REPORT ON T H E F I N A N C E S .
vaiy from the amounts estimated, the salaries will be readjusted at the
end of the fiscal year:
'•
Salary.
F o r c o l l e c t i o n of—
Salary.
F o r c o l l e c t i o n of—
$375,001 t o $425,000.'.
$3,375
JK25 000or less
. . $2,000
3,500
425 001 t o 475,000
;......
25 ool t o $37 500
2,125
475!001 t o 550,000
3,625
2,250
37 501 t o 50 000
550 001 to 625,000..
. . . . . . : . . •'. •' : " • 3,750
50 ool t o 75 000
2,375
3,875
75,001 t o 100,000. - - - . . . . . ,
:,
; . . . . r2,500 i 625',001 t o ,700i000. . > . . . i . . . . . . . . . . . . . . . . . :
700,001 to "775,000
....
4,000
2,625
100,001 t o 125,000.;.:
4,125
• 775,001 to 8 5 0 , 0 0 0 . . . . : . . . . . ' . : . . : . : . . . . ; . 2,750
125,001 t o 1 7 5 , 0 0 0 . . . . . ^ . : . . . . • . - . .
:.
4,250
175,001.to. 225,000..
•..
. . . . . . . . . . . :• 2,875 ..850,001 to" 9 2 5 , 0 0 0 . . . . . . • •;. .\ 1 . . ; . -..-...:
•4,375
225,001 t o 275,000
:
,,,- - . , 3,000 . 925,001 toliOOO,GOO....:.....:;...;.....:.::...
[1,000,001 a n d u p w a r d . . . . . . . . : . . . . . . . . . .J.: ..'. . ..4,500
3,125,
275;00I t o 3 2 5 , 0 0 0 , . . - - . . . . ' . . ,
'.,
3,250
325,001 t o 3 7 5 , 0 0 0 . . . : . : . . - . : . . ' . . : . . . . . . . . . . . .
In addition to the salary based upon the aboye-mentioned scale, the
collector shall receive a commission of one-half of 1 per cent on taxpaid spirit stamps, and may receive additional compensation on account
of territorial extent, as provided by law, provided the gross compensation does not exceed $4,500. (See sees. 3148 and 3314, Rev. Stat.)
OFFICIAL FORCE.
The force connected with this Bureau during the fiscal year which
ended June 30, 1900, in the various districts throughout the United
States, as reorganized under the Executive order of May 21, 1887,
was 63 collectors, who received per annum salaries as follows:
51
4
r..:..
Number.
Salary. •
Number. •
'.
$4,50b'
4,375
Salary.
$3,875
3,625
3..'.
1 .
• .
iSIumber.
Salary.
3
1
$3,500
3,125
There were also employed 887 deputy collectors, who received per
annum salaries as follows:
. " " . ' ' . ".. ' $2,000
. . : . . . ^ 1,-900
1,800
1,750
1,700
1,600
-:..:,
1,550
1,500
1,450
1,400
1,350
'.
22
11
31
1
8
31..
2 .
50
9
121
1
Salary.
Number.
Salary.
Number.
33..
165
104
129
2.
63.
\...::
• 21^
. i-'^
4
25
•'•
; $1,300
: . . . . . . . . . . " I,200
1,100
•1,000
950
900
...:
850
;
'
800
750
700
600
...-. ...
' 'Number.
7
Salary.
•
1
1
11
'2 . 21....:
1
• . .
-..
•
. .
. . .
7
i
.
..
. • ' • " •
$500
480
425
400
360
300
240
200
120
There were also employed in the offices of the different collectors
157 clerks, who received per annum salaries as follows:
.
Number.
1
3
9
.04:.. . . . .
33
8
Salary.
.:....•
.
$1,600
6
1,500
28
32
1,400
1,300
17. . . . i
1,200
3
1,150 1 2
Number.
.
i..........
•
Number.
Salary.
$1,100
-, 1,000.
900
800
750
720
3
6 '
i::::::::::::::"—
•1 . . . :
Salary.
$700
• 600
500
400
COMMISSIONER OF INTERNAL
REyENUE.
559
Also 20 porters, messengers, or janitors, who received per annum
salaries as follows:
Number.
6
1
4
Salary.
$600
500
480
Number.
1
3
3.
'Nuniber.
Salary.
. .
$450
400
300
1 :..i..:.::i..:\.^.... '
1
Salary ••
$240
120
At the close of the year ended June 30, 1900; 277 officersj^^^c^
messengers, and laborers were employed in this Bureauvahd thd^
gate amdunt paid during theyear for their salaries was $329V5i4.12i'
The number of persons emplo^'^ed during the yeai'ended Jiihe 30,
1900, under the act of June 13, 1898, was as follows:
In office of Commissioner of Internal Revenue, Washington, D. C ,
77; in the several collection districts throughout the country, 339.;
STOREKEEPERS, GAUOERS, ETC.
There were also employed 453 gaugers, who received fees not to
exceed $5 per day, 232 storekeepers and 1,904 storekeepers and gaugers,
whose pay did not exceed $4 per day, and 10 distillery surveyors. :
All the foregoing officers are paid only when actually employed.
Storekeepers are assigned to those distilleries only which have a surveyed daily capacity exceeding 100 bushels, and are paid such 'compensation as may be prescribed by the Commissioner of Internal Revenue,
not to exceed $4 per day.
.
::
Storekeepers and gaugers are assigned to distilleries having a capacity of 100 bushels or less, which are in operation, and to distilleries of
a capacity not exceeding 500 bushels, when under suspension. When
the business of bottling spirits in bond is carried on at a distillery of
the latter class, if the increase of work so requires, officers perf brmiiig
the separate duty of storekeeper and gauger are assigned thereto.
Under the act of August 28,1894, storekeepers and gaugers ma}^ now
be assigned to perform the separate duties of a storekeeper at any^ distillery, or at any general or special bonded warehouse, or to perform
any of the duties of a gauger, under the internal-revenue laws.
The pay of storekeepers and gaugers assigned to distilleries whose
registered daily capacity is 20 bushels or less is fixed by law at $2 per
diem. The pay of those assigned to larger distilleries has been graded
according to the following scale:
;
: ^
Compensation of storekeepers and gaugers assigned to distilleries in
operation having a surveyed daily capacity exceeding 20" bushels, and
not exceeding 40 bushels, $3 per day; compensation of those assigned
to distilleries having a surveyed daily capacity exceeding 40 bushels,
and not exceeding 60 bushels, $3.50 per day'; compensation of those
assigned to distilleries having a surveyed daily capacity exceeding 60
bushels, $4 per day.
The compensation of officers assigned to distilleries urider suspension,
having not exceeding 5,000 gallons of spirits in the distillery warehouse and which it is not practicable to place in the hands of a general
storekeeper or storekeeper and gauger, is $2, for such days only as the
officer is required to be in attendance to make withdrawals of spirits,
or for other necessary purposes. When the quantity of spirits in ware
560
REPORT ON THE FINANCES.
house of a suspended distillery exceeds 5,000 gallons, and does not
exceed 25,000 gallons, the compensation is $2 per day of constant
attendance; when the quantity of spirits in warehouse of a suspended
distillery having a daily capacity exceeding 20 bushels exceeds 25,000
and does not exceed 100,000 gallons, $3 per day; and when the quantity
exceeds 100,000 gallons, $4 per day.
RENEWAL OF OFFICIAL BONDS.
I desire to call attention to the useless labor and annoyance imposed
upon this Bureau and upon the officers in the .held by section 5 of the
act of March 2, 1895, requiring the renewal of all official bonds once in
four years. The number of internal-revenue officers affected by this
provision of law is about 3,000, and the' execution of new bonds by
them every four years entails upon this office an amount of work in the
examination, approval, double entry for ref erence, etc., which is utterly
useless so far as the interests of the revenues are concerned, and simpl}^
imposes unnecessary trouble upon the officers themselves.
Prior to the passage of the act referred to, collectors promptly reported
all matters aff'ecting the responsibility of the bonds of subordinate officers, such as death or insolvency of sureties, and new bonds were
required wherever necessar}^ Internal-revenue agents were directed
from time to time to examine into the financial condition of sureties on
collectors' official and disbursing bonds, and additional security was
required wherever the interests of the Government required that action.
This method was in force for twenty-five years, and was entirely adequate for the purpose.
CONDITION OF THE SERVICE.
The condition of the force employed in the internal-revenue service,
embracing 277 persons employed in this office, 63 collectors, 1,226
deputy collectors, 157 clerks, 453 gaugers, 232 storekeepers, 1,904
storekeeper gaugers, and 44 revenue agents, and an average of about
22 special employees under their direction, making a total of 4,376, is
good.
Throughout the service, both in the office and in the field, there has
been maintained a high standard of official ethics, evidenced by high
integrity, and good deportment when in contact with taxpayers and
when in the discharge of official duties. While in a large measure the
credit for the successful administration of the internal-revenue laws
during the year was due to the valuable assistance contributed by the
subordinate force referred to, I deem it my duty, in the interest of justice, to make a iiew departure in this part of the report by saying that
for the successful and economical manner in which the internal-revenue laws have have been administered much credit is due the millions
of taxpayers throughout the country for the generous, patriotic, and
prompt manner in which the taxes have been paid—it being the largest
annual collection, with a single exception, in the history of the Internal Revenue Bureau.
COMMISSIONER
OF I N T E R N A L
561
REVENUE.
R E V E N U E AGENTS' DIVISION.
During the last fiscal j^ear there were employed 44 revenue agents,
1 as chief of division of agents at this office, 16 in charge of territorial
divisions, 6 in examination of the offices and accounts of collectors, and
21 in assisting agents in charge of divisions and on special duty.
EXPENSES OF REVENUE AGENTS.
There have been expended from the appropriation for salaries and
expenses of revenue agents during the year the following amounts:
Aggregate salary of agents
Aggregate amount of traveling expenses
Stationery furnished agents
$92, 791. 00
55, 718. 82
578. 28
Total
149,088.10
*
^
^
^
-Jf
-K-
*
E X P E N D I T U R E S F O R T H E DISCOVERY AND P U N I S H M E N T O F VIOLATORS
OF LAW.
In accordance with the provisions of the act making an appropriation for such purposes, the following detailed statement of expenditures
for detecting and bringing to trial and punishment persons guilty of
violating internal-revenue laws is submitted:
AMOUNT E X P E N D E D THROUGH R E V E N U E
Name.
AGENTS.
Name.
Alexander. E. A
Burgh, H.B
Carson, T. B
Chapman, W. H
Gates, David A
Grarner, J.N
Haynes, M. A
Ingram, C. H
McGinnis, J. W
McCoy, J . B
$6,593.37
340.85
1,046.50
5,716. 34
10,669. 48
221. 00
4,410. 99
3,715.85
5,022,15
539.42
Patterson, A. C
Sewall, F.D
Sinsel,J.W
Thrasher, L. A
Thomas,B.M . . , . .
Trowbridge, G. W .
Thompson, F.G . . .
Yates, W. W
Total.
$8,312.38
1,738.96
1,794.00
8,744. 59
1,946.49
1,291.72
6,211.32
2, 584.34
70,899.75
REWARDS P A I D UNDER CIRCULAR N O . 99.
Total amount
$2,765.09
RECAPITULATION..
Total expended through revenue agents
Total expended for rewards
Grand total
$70,899.75
2,765.09
73,664.84
The accounts for expenditures under this appropriation are rendered
monthly, with an itemized statement, and in all cases supported by
proper subvouchers duly sworn to. These accounts pass through all
FI 1900
36
562
REPORT ON THE FINANCES.
the accounting offices of the Treasuiy Department and are filed in
the Register's office.
During the year there were fewer illicit stills destroyed than in
either of the three preceding years, which is exceedingly gratifying,
especially when taken in connection with the fact that during the last
few months, in some of the sections of the country where illicit spirits
have been produced, distilled spirits have brought better prices than
for many years. In my opinion this certainly warrants the conclusion
that a liberal fraud fund well applied has materially reduced illicit distilling in the sections referred to. Cooperation and harmony between
the internal-revenue officers and the officers of the courts prevail as a
general thing, and it is not difficult to secure the arrest of off'enders.
In the case of conviction, however, the ends of justice are frequently
defeated by the failure to properly punish the offender. Where parties plead guilty, or are convicted without trial, sentences are often
suspended, and the guilty parties escape punishment. In view of these
conditions, 1 most urgently suggest that these crimes against the
internal-revenue laws should be regarded as serious offenses contemplated by the statute, and punished accordingly.
I desire to call attention to the fact that in communities where this
illicit distilling prevails it has been found that the violators of the law
are not confined to the unregistered illicit distillers alone, but embrace
in many sections a large number of registered distillers, both grain and
fruit, who are driven to this course in self-protection, to meet the competition forced upon them by illicit distillers who do not register or
make any pretense of complying with the law.
COMMISSIONER
OF INTERNAL
REVENUE.
563
STAMP DIVISION.
The following statements relate to the manufacture of stamp paper,
engraving and printing the stamps, arid the receipt, custody, and issue
l\y this office of all internal-revenue stamps of the Government during
the fiscal year ended June 30, 1900:
STATEMENT OF NUMBER AND VALUE OF INTERNAL-REVENUE STAMPS ISSUED TO COL-
LECTORS PROM JULY 1, 1899,
Class of s t a m p s .
:
MANUFACTURE
1900.
Number.
Spirits:
Tax-paid
Exportation
Imported
D i s t i l l e r y warehou.se
Special w a r e h o u s e
Kewarehousing
General bonded warehouse
General bonded warehouse, retransfer
•.
Rectified.:
Wholesale liquor dealers
Transfer grape brandy
Wine:
Fortified s w e e t
Tobacco, tax-paid
Sn Liff, t a x - p a i d
'I'obacco a n d snuff, e x p o r t a t i o n
Cigars:
Tax-paid
Exportation
. Cigarettes
Special-tax
Fermented liquors:
Tax-paid—
......
Exportation
Brewers' permits . . . :
Oleomargarine:
Tax-paid
:
Exportation
Playing cards
D o c u m e n t a r y (old s t y l e )
D o c u m e n t a r y (act J u n e 13, 1898)
I m p r i n t e d d o c u m e n t a r y ( a c t J u n e 13, 1898), o n e c e n t .
I m p r i n t e d d o c u m e n t a r y (act J u n e 13,1898), t w o c e n t .
P r o p r i e t a r y ( a c t J u n e 13,1898)
P r o p r i e t a r y , p r i v a t e d i e (act J u n e 13, 1898)
Mixed
flour
,
Filled cheese
Certificates of r e g i s t r y
Case s t a m p s , d i s t i l l e d s p i r i t s b o t t l e d i n b o n d
T i n foil w r a p p e r s for t o b a c c o
Total
TO J U N E 30,
., S l l , 400
51,600
3,000
., 777,600
30,800
11,200
49,200
400
., 855,000
976,500
20,500
600
759, 966,243
109, 793,736
81,000
Value J
$115,926, 096.00
5,160. 00
42,605,265. 78
1,922, 750. 92
149, 870,206
22,000
251, 117,458
428, 620
19,685,781.34
83, 934,740
156,000
59,600
78,771,368.34
707,200
26,800
991,600
9
656, 186,660
7, 491,876
299, 197,552
473, 023,504
12, 603,900
374,000
22,000
2,850
152,640
681,264
2, 601,176.00
339,832.00
12.00
30,327,109.40
74,918.76
5,983, 951.04
4,198,244.56
151,061.25
14,960.00
16,380.00
2,851,479,258
316,936,192.27
4,034,411.40
10,105,180.00
15,264. 00
157,269.48
OF STAMP PAPER.
After due advertisement in the public p.rints and by Department
circular for proposals to furnish stamp paper for the fiscal year ending
June 30, 1901, two sealed bids were presented, which were opened on
the 9th day of May, 1900, in the office of the Commissioner of Internal
Revenue by a committee appointed by the honorable Secretary of the
Treasury to open and consider such bids as might be presented. The
various bids submitted having been duly considered, the committee
564
REPORT ON T H E FINANCES.
recommended an award of contract to the lowest and best bidder whose
proposal conformed to the terms of the circular inviting such bids.
Accordingly the contract was awarded on the 12th day of May, 1900,
to the New York and Pennsylvania Company of New York, at 4.9 cents
per pound, including cost of transportation and deliver}^ at the Treasury
Department.
PRODUCTION OF STAMPS.
All of the stamps used by this Bureau are engraved and printed by
the Bureau of Engraving and Printing, with the exception of stamps
for tobacco imprinted on foil Avrappers, which are printed and furnished under contract without cost to the Government, and documentary stamps of the denominations of 1 and 2 cents imprinted on
checks, drafts and other instruments, by twenty-four contractors situated in business centers convenient for public distribution. Said documentary stamps are imprinted under contracts without cost to the
Government, the contractors reimbursing the Government for the
salaries of agents and other employees necessary to the careful supervision of the work of imprinting said stamps.
STOCK OF STAMPS IN VAULT.
The stock of stamps in the vaults of this office October 1, 1900, of
the various classes and denominations was 303,553,627, and the value
of same $78,434,401.65.
STATEMENT OF THE NUMBER OP CERTIFICATES OF RESIDENCE ISSUED TO CHINESE BY
• ORDER OF COURT DURING THE FISCAL Y E A R ENDED J U N E 30, 1900.
District
District
District
District
of
of
of
of
Georgia
Florida
Montana
Oregon
Total
1
2
1
3
- 7
COMMISSIONER OF INTERNAL R.EVENUE.
565
TOBACCO DIVISION.
The revenue derived from taxes imposed on manufactured tobacco
Iiroducts of domestic and foreign manufacture during last fiscal year
was 159,022,007.34, not including $3,973.81 miscellaneous collection.
The collection from each source was as follows:
From smoking and chewing tobacco
From snuff
From cigars taxed at |3:60 per thousand
From cigars taxed at | 1 per thousand
From cigarettes taxed at $1.50 per thousand
From cigarettes taxed at |3.60 per thousand
,
Total
|33, 477, 244. 26
1,790,090.14
19,138, 584. 82
646, 896. 82
3, 953,177.09
'...
16,014. 21
59,022,007.34
This amount includes internal-revenue tax paid by manufacturers
and importers on domestic and imported manufactured tobacco products, except those coming from Porto Rico on and after May 1, 1900.
The internal-revenue taxes collected fro'm imported manufactured
tobacco, snuff*, cigars, and cigarettes are the same as taxes imposed on
like articles of domestic manufacture in addition to the rates of duty
levied and collected upon the imported article entered for consumption
in the United States.
The receipts from tobacco for last fiscal year, not including miscellaneous collections, exceeded those of the previous year, the increase
amounting to 17,748,481.82. The increase over the two preceding
fiscal years was as follows: $22,801,430.10 over the year 1898 and
$28,311,709.92 more than the year 1897;
INCREASED RECEIPTS.
The increased collections over those for the preceding fiscal year
from each source of taxation were as follows:
From
From
From
From
From
smoking and chewing tobacco
snuff
cigars taxed at |3.60 per 1,000
gigars taxed at $1 per 1,000
cigarettes taxed at $3.60 per 1,000
•
Total
| 5 , 023, 255. 00
38,292.70
2, 831, 476. 77
99,481.30
6,552. 82
7,999,058.59
Decrease, cigarettes taxed at $1.50 per 1,000
Total net increase in collections
250,576. 77
7, 748,481. 82
COMPARATIVE STATEMENT.
The following exhibits show in detail the receipts for the fiscal year
ended June 30, 1900, as compared with the receipts for the three previous fiscal j^ears:
566
REPORT ON T H E FINANCES.
RECEIPTS FOR FISCAL Y E A R ENDED J U N E 30, 1900, AS COMPARED WITH RECEIPTS FOR
THE T H R E E PRECEDING FISCAL YEARS.
R e c e i p t s d u r i n g fiscal y e a r e n d e d J u n e 30—
Articles taxed.
1899.
1897.
1900.
Cigars, l a r g e
.
Cigars, s m a l l
Cigarettes, s m a l l .
Cigarettes, large .
Tobacco.Snuft-
$12,189,507.29
2,075,834.88
4,748.13
15,644,088.75
796,118.37
$13,626,049.71
405,676.88
3,593,011.69
6,693.47
17,657,276.45
931,869.04
$16,307,108.05
547,415.52
4,203,753.86
9,461.39
28,453,989.26
1,751,797.44
$19,138,584.82
646,896.82
3,953;177.09
16,014.21
33,477,244.26
1,790,090.14
Total.
30,710,297.42
36,220,577.24
51,273,525.52
9,022,007.34
N O T E . — M i s c e l l a n e o u s r e c e i p t s , viz, $9,945.13 for -1898, $770,333.53 for 1899, i n c l u d i n g a d d i t i o n a l t a x
c o l l e c t e d u n d e r s e c t i o n 3, a c t of J u n e 13, 1898, a n d $3,937.81 for 1899, n o t i n c l u d e d i n a b o v e
statement.
COMPARATIVE STATEMENT (ESTIMATED FROM RECEIPTS) SHOWING APPROXIMATELY
THE QUANTITY OP TOBACCO AND SNUFF, AND THE NUMBER OF CIGARS AND CIGARETTES, RESPECTIVELY, WITHDRAWN FROM FACTORY AND CUSTOM-HOUSE FOR CONSUMPTION DURING FISCAL YEARS ENDED J U N E 30, 1897-1900.
1897.
Articles.
Cigars, large
Cigars, small
Cigarettes, small
Cigarettes, large
Tobacco
Snuft
number..
do
do —
do
pounds..
do....
1898.
4,063,169.097 a4,505,260,517
405,676,880
3,751,688,256
2,010,650
b 288,160,613
c15,225,134
4,151,669,760
1,582,710
260,734,812
13,268,640
1899.
4,529,872,304
547,415,520
2,802,502,573'
2,628,163
237,132,709
14,627,105
1900.
5,316,273,561
646,896,820
2,635,451,392
4,448,388
278,977,035
14,917,418
a I n c l u d e s 4,321,480,253 a t $3 a n d 183,780,264 a t $3.60.
b I n c l u d e s 282,033,286 a t 6 c e n t s a n d 6,127,327 a t 12 c e n t s ,
c I n c l u d e s 14,919,117 a t 6 c e n t s a n d 306,017 a t 12 c e n t s .
The tax on manufactured tobacco and snuff was increased b}^ the
act of June 13, .1898, from 6 to 12 cents per pound, while the tax on
large cigars and large cigarettes, weighing more than three pounds
per thousand, was increased from $3 to $3.60 per thousand, an increase
of twenty per cent; while the tax on cigarettes weighing not more than
three pounds per thousand was increased from $1 to $1.50 per thousand,
an increase of fifty per cent.
Small cigars, weighing not more than 3 pounds per thousand, pay a
tax of 11 per thousand under the act of July 24,1897, the tax imposed
by that act not being disturbed by the act of June 13, 1898.
ANNUAL PRODUCTION OF TOBACCO, SNUFF, CIGARS, AND CIGARETTES.
The following statements will show, approx:imately, the production
andjconsumption of tobacco, snuff, cigars, and cigarettes, respectively, in
the United States during the fiscal year ended June 30,1900, estimated
from the receipts from the sale of stamps for such domestic goods as
were withdrawn from the factory, tax paid, and imported goods also
withdrawn, tax paid, from public stores and bonded warehouses for
consumption. These goods, together with those removed in bond from
the factory for export, form the basis for the computations:
COMMISSIONER OF INTERNAL R E V E N U E .
567
TOBACCO AND SNUFF PRODUCED.
Pounds,
278, 977, 035
14, 917, 418
Tobacco withdrawn, tax paid
Snuff withdrawn, tax paid
Total tobacco,and snuff taxed
Add tobacco and snuff exported
,^...
^
Total.......
Deduct tobacco and snuff imported
293, 894, 453
11, 696,846
,
Net total domestic production for 1900
Total production for 1 8 9 9 . . . .
Less imports
305,691,299
303, 841
305,287,458
....266,661,752
286, 374
266, 375, 378
Increase for 1900
38,912,080
The increase in quantity of tobacco and snuff withdrawn, tax paid,
for consumption was 42,134,639 pounds; the decrease in tobacco and
snuff' exported was 3,205,092 pounds, and the increase in tobacco and
snuff imported was 17,467 pounds.
The importations of manufactured tobacco products, as given in the
foregoing and succeeding tables, include only tobacco products which
were withdrawn from warehouse tax paid and those entered for immediate consumption on arrival.
NOTE.—The tables do not include tobacco products coming from Porto Rico on
and after May 1, 1900.
CIGARS.
Number.
Cigars, domestic and imported, withdrawn tax-paid at |3.60 per
thousand
5,316,273,561
Number of cigars exported
1,408, 247
Total, including those taxed and those exported
Deduct number imported, average 12 pounds per thousand
5,317,681,808
34, 610, 916
Net total domestic production, 1900.
Taxed in 1 8 9 9 . . . . .
Exported in 1899
5, 283,-070, 892
4,529,872,304
2, 072, 842
Total...
Less imports for 1899
4,531,945,146
32,243, 500 4,499, 701, 646
Increase for 1900
783,369,246
The increase in number of cigars withdrawn for consumption, taxpaid, was 786,401,257; and decrease in number of cigars exported
664,595; and increase in number imported 2,367,416; the notable
decrease in number of large cigars exported will be accounted for
when it is understood that the former exports included both large and
small cigars, and that the accounts were not kept separate prior to
July 1, 1899.
SMALL CIGARS.
Cigars, domestic, withdrawn tax-paid at $1 per thousand.
Add number exported
1
^
Number.
646, 896, 820
760, 000
Total' taxed and exported
Taxed in 1899
647, 656, 820
547,415,520
Increase in 1900
.'
100,241, 300
568
REPORT ON THE FINANCES.
CIGARETTES.
Number.
Cigarettes withdrawn tax-paid at $1.50 per thousand
Cigarettes withdrawn tax-paid at $3.60 per thousand
Total taxed
Add number exported..-.
2,635,451,392
4,448,388
2,639,899,780
1,101,578,670
Total, including those taxed and those exported
.3,741,478,450
Less number imported (estimated average 3 pounds per thousand) . .
6,709,333
Total, domestic cigarettes, produced
Taxed in 1899
Add number exported
2,805,130,736
1,243,092,840
Total
Less imports in 1899.
4,048,223,576
5, 250, 666
Decrease in 1900
3,734,769,117
4, 042, 972,910
308,203, 793
There was a decrease of 167,051,181 in the number of cigarettes
taxed at $1.50 per thousand, and an'increase of 1,820,225 cigarettes
taxed at $3.60 per thousand, and a decrease of 141,514,170 cigarettes
exported, and an increase of 1,458,667 in the number imported.
The statistics relating to importations of tobacco and its manufactures were obtained from the Bureau of Statistics, Treasury Department. These statistics gave the weight in pounds and not the actual
number of cigars and cigarettes entered for consumption.
MANUFACTURERS OF TOBACCO.
Chapter 3, section 3244, article 9 of the Revised Statutes of the
United States defines the business of a manufacturer of tobacco.
The first paragraph of section 69 of the tariff act of August 28., 1894,
is a reenactment, in part, of that statute.
The second paragraph of the aforesaid section enlarges the original
definition of a manufacturer of tobacco, and includes a class of persons
who had formerly sold leaf tobacco in small quantities, less than a case
or bale, at retail, or who had sold leaf tobacco directly to consumers or
to persons other than duly registered dealers in leaf tobacco, or duly
registered manufacturers of tobacco or cigars, or to persons who
purchase leaf tobacco in packages for export.
This act provides that farmers and growers of tobacco who sell leaf,
tobacco of their own growth and raising shall not be regarded as
manufacturers of tobacco.
At the present time there is one rate of tax, 12 cents per pound,
imposed on all tobacco products other than cigars and cigarettes.
The act of June 6, 1872, imposed a uniform rate of tax of 20 cents
per pound on all kinds of manufactured tobacco exciept snuff, instead
of the two rates, 16 and 32 cents, imposed by the act of July 20,1868.
This act of June 6, 1872, however, did not disturb the rate of tax
levied upon snuff', 32 cents per pound.
Section 3368, Revised Statutes, defined the several snuff and tobacco
products upon which the taxes were directed to be levied and collected;
and while it prescribed, as before stated, two separate rates of tax,
one on snuff, reenacting the preyious statute as to rate of tax on this
article, and a different rate on tobacco products, it was the first act to
include in one class all kinds ofx manufactured tobacco except snuff,
cigars, and
cigarettes.
COMMISSIONER OF INTERNAL REVENUE.
569
The act of March 3, 1875, increased the rate of tax on tobacco to 24
cents per pound, but did not change the rate, 32 cents per pound, previously levied upon snuff.
The act of March 1, 1879, reduced the tax, both on manufactured
tobacco and snuff, to 16 cents per pound.
The tax on these products was again reduced to 8 cents per pound
by the act of March 3, 1883.
The 32-cent rate on snuff was in force more than 10 years; the
20-cent rate on tobacco 2 years and 8 months; the 24-cent rate on
tobacco 4 years and 2 months; the 16-cent rate, both on tobacco and
snuff, was in force 4 years, while the 8-cent rate, both on tobacco and
snuff, Avas in force 7 years and 7 months, and this last rate remained
in force until October 1, 1890, when, under the McKinley tariff bill of
that date, the tax was reduced, both on manufactured tobacco and
snuff, to 6 cents per pound.
'
This rate remained in force until June 13, 1898, date of the warrevenue bill. The 6-cent rate having taken effect on Januaiy 1, 1891,
was superseded by the 12-cent rate on June 14, 1898, the 6-cent rate
having been in force 7 years and 5 months.
Section 3 of the act of June 13, 1898, provides that there shall be
levied and collected a tax of 12 cents per pound upon all tobacco and
snuff, however prepared, manufactured and sold or removed for consumption and sale. While a uniform specific rate of tax is imposed
upon all kinds of manufactured tobacco and snuff, this act.imposes
separate and specific rates of tax upon cigars and cigarettes.
Section 10 of the act of July 24,1897 (Dingley tariff bill), imposed a
new rate of tax upon small cigars and cigarettes, and classified these taxable articles under four heads and defined each article, and imposed a
tax of 13 per thousand on large cigars and large cigarettes, and a tax
of $1 per thousand upon cigarettes and small cigars weighing not
more than 3 pounds per thousand, increasing the tax on these last
articles from 50 cents to $1 per thousand, but leaving the rate of tax
the same on cigars, cheroots, and large cigarettes. This $3-rate was
. in force more than fifteen 3^ears.
Under the act of June 13, 1898, the tax was increased 20 per cent
on large cigars and cigarettes and 50 per cent on small cigarettes.
The $l-rate on small cigars was not disturbed.
The classifications and definitions relating to manufactured products,
now clearly established by law, have had the eff'ect of reducing contentions, and under the present rules there is no opportunity for evading
the tax on an}^ given article on account of the character of the article
proposed to be taxed.
This office holds, and so administers the law, that all raw or leaf
tobaccos, tobacco stems in their natural condition, not rendered unfit
for use in manufacturing some tobacco product, and all clippings, cuttings, refuse scraps, sweepings of tobacco, broken or fragmentary
tobacco, the by-products of tobacco and cigar factories, and all leaf
tobacco twisted by hand, or otherwise reduced to a condition fit for
immediate consumption, or changed in any manner from the ordinary
method of drying and curing leaf tobacco upon the farm and prepared
for immediate use, are regarded as manufaetured-tobacco products
sabject to tax, which must be properly packed, labeled, and stamped
before removal from the place of manufacture for consumption or sale.
The tobacco growers in the State of Louisiana produce a special
5.Y0
REPORT
ON T H E
FINANCES.
type of tobacco—perique—peculiar to that State, which is manufactured in torquettes or carrottes.
Producers of perique tobacco are required to qualify as manufacturers of tobacco, and their product is regarded as a manufactured
tobacco subject to tax when sold for consumption. They are, however, enabled, under section 3362, Revised Statutes, as amended, and,
by regulations prescribed by the Commissioner of Internal Revenue,
to sell this tobacco, in form of carrottes, in bulk and without payment
of tax, directly to other legally qualified manufacturers of tobacco, to
be cut or granulated and used as material in the manufacture of cigarettes or smoking tobacco.
Notwithstanding the increased rates of tax imposed upon tobacco
products there has not been shown any disposition on the part of
growers, manufacturers, or leaf dealers, except in a few isolated cases,
to evade the taxes imposed by the statutes; and a faithful observance
of the law and regulations by revenue officers, manufacturers, and leaf
dealers has been general.
TOBACCO
PRODUCTS
MANUFACTURED DURING CALENDAR
CIGARS AND CIGARETTES).
Y E A R 1899
(NOT
INCLUDING
Quantity of plug and twist produced
Quantity of fine-cut chewing tobacco produced
Quantity of smoking tobacco produced
Pounds.
165, 755, 390
11, 687, 838
102,468,594
Total quantity of tobacco produced
Quantity of snuff produced
279,911, 822
14, 723, 392
Total production
Total production for 1898
294,635, 214
275,139,929
Increase in production
19,495, 285
PRODUCTION OF MANUFACTURED TOBACCO, SNUFF, CIOARS, AND CIGARETTES DURING THE PAST TEN CALENDAR YEARS.
NOTE.—These tables are compiled from annual abstract statements of manufacturers' accounts prepared by collectors of internal revenue for their respective districts
at t h e close of each calendar year, and they relate exclusively to tobacco, snuff, cigars,
and cigarettes manufactured in t h e United States.
TOBACCO AND SNUFF
Manufactured
tobacco.
Year.
Pounds.
243,427,008
259,855,085
264,412,767
238,587,702
257,050,444
1890
1891
]892
1893
1894
MANUFACTURED.
Year.
Snuff.
Pounds.
9,434,746
10,674,241
11,426,927
11,952,736
11,582,838 :
1890
1891. .1
1892
1893
1894
. .
. .
Cigars.
2,505,167,610
3,137,318,596
•3,282,001,283
3,660,755,959
3,620,666,804
1
1895
1896
1897
1898
1899
Snuff.
Pounds.
10,887,709
12,708,919
13,768,455
13,607,631
14,723,392
MANUFACTURED.
Calendar year.
Cigarettes.
4,228,528,258
4,422,024,212
4,674,708,260
4,341,240,981
4,163,641,327
Pounds.
263,404,840
248,708,581
283,320,857
261,532,298
279,911,822
1895
1896
1897
1898
1899
CIGARS AND CIGARETTES
Calendar year.
Manufactured
tobacco.
Cigars.
4,099,137,855
4,048,463,306
4,431,050,509
4,915,663,350
5,531,885,085
Cigarettes.
4,237,754 453
4,967,444,232
4,631,820,620
4,385,783,897
3,744,975,403
OOMMISSIONER OF INTERNAL
571
REVENUE.
QUANTITY OF LEAF TOBACCO USED B Y MANUFACTURERS DURING
PAST T E N YEARS.
THE
The quantity of leaf tobacco used in the production of tobacco, snuff,
cigars, and cigarettes for the past ten years has been as follows:
Year,
Product.
Pounds.
1890.. 'Cigars a n d c i g a r e t t e s
T o b a c c o a n d snuff
'Cigars
1891.. C i g a r e t t e s
T o b a c c o a n d snuff
Cigars
1892.. C i g a r e t t e s
Tobacco a n d snuff...
"Cigars
1893.. C i g a r e t t e s
Tobacco a n d snuff...
Cigars
1894.. C i g a r e t t e s
Tobacco a n d snuff...
'Cigars
1895.. C i g a r e t t e s
Tobacco a n d snuff...
'Cigai s
1896.. C i g a r e t t e s
T o b a c c o a n d snuff
'Cigars ( l a r g e )
.1897.. Cigars ( s m a l l )
Cigarettes
Tobacco a n d snuff...
91,746,
220,116!
85,435!
9,115!
237,959!
90,875!
9,907!
238,229!
84,428!
12,497;
215,981,
77,359;
12,614!
227,666!
77,499:
16,094!
230,062,
75,938!
19,114,
213,345,
77,452,
1,283;
17,477,
260,957,
83,460;
1,977,
17,081,
.247,358,
90,972,
2,774,
14,416,
258,975,
Cigars (large)
Cigars (small)
Cigarettes
Tobacco a n d snuff...
1899-
Cigars (large)
Cigars (small)
Cigarettes
T o b a c c o a n d snuff
Total.
311,862; 784
332,511,067
339,012,619
312,907,679
317,640,403
323,656,332
308,398,583
357,171,033
349,877, 737
367,139,310
ANNUAL PRODUCTION OF LEAF TOBACCO IN THE UNITED STATES.
The following table shows the annual production of leaf tobacco in
the United States from January 1, 1896, to December 31, 1898,
inclusive.
The production for 1899 can not be ascertained until returns for
1900 are completed. In this table the production for each year mentioned is compiled from the returns for the next succeeding year.
1896.
1897.
1898.
Leaf t o b a c c o , i n c l u d i n g s c r a p a n d s t e m s , u s e d i n t h e m a n u f a c t u r e of c h e w i n g a n d s m o k i n g t o b a c c o a n d snuff
,
Leaf t o b a c c o u s e d i n t h e m a n u f a c t u r e of c i g a r s a n d cigarettes
D o m e s t i c leaf e x p o r t e d
,
I m p o r t e d leaf e x p o r t e d
Pounds.
265,871,158
Pounds.
247,358,414
Pounds.
258,975,685
96,213,473
281,074,422
1,779,103
102,519,323
269,966,833
2,323,516
108,16r 62f
346,823 67"
1,847,637
Total
D e d u c t i m p o r t s for e a c h c a l e n d a r y e a r
644,938,156
12,848,743
622,168,086
11,307,830
715,810 624
17,277,985
632,089,413
610,860,256
1,532,639
Total a n n u a l production
572
REPORT ON T H E
FINANCES.
IMPORTS AND EXPORTS OF TOBACCO, UNMANUFACTURED, INTO AND FROM THE
STATES DURING THE LAST T E N (CALENDAR) YEARS.
UNITED
IMPORTS.
Leaf t o b a c c o .
Calendar year.
S u i t a b l e for w r a p p e r s .
Quantity.
Value.
Pounds.
5,772
1,166,177
6,151,196
3,698,659
6,671,384
4,630,678
4,022,653
4,977,475
5,064,997
4,158,076
1890 '.
1891
1892
1893
1894
1895
1896
1897
1898
1899
$7,240
782,355
5,021,073
4,222,578
8,179,009
5,570,471
3,659,351
4,856,041
5,081,359
4,293,574
Total.
Other purposes.
Quantity.
Quantity.
A'alue.
Pounds.
28,405,251 $18,392,495
18,293,224
7,516,526
20,374,723
8,748,241
18,394,611
7,301,762
18,227,791
6,.902,262
26,725,221
9,655,449
16,236,051
6,838,250
7,871,268
4,216,427
6,242,833
3,498,803
13,119,909
7,495,965
Value.
Poimds.
-28,411,023 -$18,399,735
19,459,401
8,298,881
13, 769,314
23,525,919
11,524,340
22,093,270
24,899,175
15,081,271
31,355,899
15,225, 920
20,258,704
10,497, 601
12,848,743
9,072,468
11,307,830
8,580,162
17,277,985
11,789,539
DOMESTIC EXPORTS.
Total.
stems and trimmings.
Leaf.
Year.
Quantity.
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
Value.
Pounds.
243,741,292 $20,835,613
233,860,110 20,031,663
242,441,981 21,302,077
251,933,56^ 22,503,727
295,778,190 25,501,610
286,751,222 24,558,311
282,728,727 23,317,575
271,240,584 22,573,494
258,207, 664 23,518,770
335,804,511 29,649,643
..
Quantity.
Value.
Quantity.
Pounds.
11,685,829
12,277,191
16,968,039
25,325,307
9,019,618
6,885,995
17,318,960
9,833,838
11,759,169
11,019,166
$320,102
324,218
442,040
1,315,870
271,091
149,252
734,757
216,656
278,099
336,099
Pounds.
255,427,121
246,137,301
259,410,020
277,258,871
304,597,808
293,637,217
300,047,687
281,074,422
269,966,833
346,823,677
Value.
$21,155,715
20,355,881
21,744,117
23,819,597
25,772,701
24,707,563
24,052,332
22,790,150
23,796,869
29,985,742
FOREIGN EXPORTS.
S u i t a b l e for Avrapper.
Other purposes.
Total.
Year.
Quantity.
Value.
Pounds.
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
.
.
m , 684
375,131
526,856
987,712
1,968,353
1,224,719
922,566
888,149
740,991
.
-
.
.
.
•.
$56,i33
. 243,563
379,659
859,314
2,023,058
1,332,143
859,157
793,250
630,882
Quantity.
Pounds.
1,618,197
1,105,672
811,135
1,085,007
788,924
1,092,032
1,542,735
856,537
1,435,367
1,106,646
Value.
Quantity.
$804,406
397,465
306,664
807,561
276,324
369,290
533,963
283,340
736,912
432,136
Value.
Pounds.
1,618,197
1,215,356
1,186,266
1,611,863
1,776, 636
3,060,385
2,767,454
1,779,103 '
2,323,516
1,847,637
$804,406
453 598
550,227
687,220
1,135,638
2,392,348
1,866,106
1,142,497
1,530,432
1,063,018
IMPORTS OF TOBACCO, MANUFACTURES OF, ENTERED FOR CONSUMPTION IN THE UNITED
STATES FOR Y E A R ENDING J U N E 30,
1900.
T o b a c c o , m a n u f a c t u r e s of.
Cigars a n d c h e r o o t s of a l l k i n d s
F r o m Porto Rico
C i g a r e t t e s a n d p a p e r cigars, i n c l u d i n g w r a p p e r s
F r o m Porto Rico
Snuff a n d snuff flour, m a n u f a c t u r e d of t o b a c c o g r o u n d d r y ,
or d a m p a n d p i c k l e d , s c e n t e d , or o t h e r w i s e
All o t h e r
Total
:
Pounds.
Value.
Duty.
415,331
4, 548
20,129
312
$2,178,920.87
9,412.00
76,341.50
186.00
$2,413,721.35
3,422.47
109 665 33
217.58
10,979
292,863
5,097.00
62,718.70
6,038.23
• 161,074.93
744,162
2.332,676.07
2,694,139.89
COMMISSIONER
OF I N T E E N A L
EEVENUE.
573
IMPORTS OF TOBACCO, UNMANUFACTURED, ENTERED FOR CONSUMPTION IN THE UNITED
STATES FOR YEAR ENDING JUNE 30, 1900.
Tobacco, unmanufactured.
Quantity.
VV^rapper and filler tobacco when mixed or packed with
more than 15 per cent of wrapper tobacco, and all leaf
tobacco the products of two or more countries and dePounds.
pendencies, when mixed or packed together, unstemmed. 4,146,357
Unstemmed from Porto Rico. _ _ _ , . . .
...
1,684
Filler tobacco, not specially provided for, unstemmed
10,808,889
75,430
Porto Rico filler, unstemmed
Stemmed
386,442
All other, not specially provided for
65,843
Total
15,484,645
Value.
Duty.
$4,197,506
565
6,763,501
20,189
263,273
18,414
$7,670,760.25
467.32
3,783,111.10
3,960.11
193,221.00
36. 213. 66
11,263,448
11,687,733.44
NOTE.—The above tables relating to imports, exports, and duties were prepared by the Bureau of
Statistics, Treasury Department.
STATEMENT RESPECTING THE MANUFACTURE OF TOBACCO PRODUCTS FOR
THE CALENDAR YEAR 1 8 9 9 .
The subjoined tables localize the manufacture of cigars, cigarettes,
tobacco, and snuff among the different States and districts, and show
the number of persons and firms engaged in each branch of manufacturing, the quantity of different kinds of material used, and the
quantity and kinds of products manufactured. These tables are compiled for the calendar 3^ear ended December 31, 1899, instead of the
iiscal year ended June 30,1900, which fact will account for any apparent discrepancies between this and the previous part of the report
relating to tobacco production.
The total number of cigar manufacturers for whom accounts were
rendered for the calendar year 1899 was 28,523.
The total number of cigars made, weighing more than 3 pounds per
thousand, was 4,909,566,840; an increase of 450,729,874 when compared with the production of 1898.
The total number of cigars made, weighing not more than 3 pounds
per thousand, was 622,318,245; an increase over 1898 of 165,491,861
cigars.
The total number of cigarettes made was 3,744,975,403, showing a
decrease of 640,808,494 from the previous year.
I t is found from the manufacturers' reports that the average quantity of leaf tobacco used in making 1,000 cigars weighing more than 3
pounds per thousand was 18.55 pounds, and in making 1,000 cigars
weighing not more than 3 pounds per thousand was 4.45 pounds.
The quantity of leaf tobacco used in maldng large cigarettes was
27,705 pounds, an average of 10.61 pounds per thousand cigarettes;
and the quantity used in making cigarettes weighing not more than 3
pounds per thousand was 14,389,242 pounds, an average of 3.84
pounds per 1,000 cigarettes.
There was a decrease of 625 in the number of tobacco factories
operated, as compared with the previous year.
There was an increase in the quantity of leaf and scrap tobacco used
of 11,598,952 pounds, and an increase in all other material used.
574
REPORT ON THE FINANCES.
There was an increase of 1,115,761 pounds in the quantity of snuff
manufactured, and an increase of 13,228,068 pounds of smoking
tobacco, and an increase in the quantity of plug and fine cut manufactured, as follows:
Pounds.
Plug tobacco
Fine-cut tobacco
-•
4, 878, 849
272,607
The States in which the largest quantities of chewing and smoking
tobacco Avere produced were Missouri, Kentucky, Virginia, North
Carolina, New York, and Ohio. The First Missouri was the largest
producing district, in which the returns show the manufacture of
66,935,271 pounds.
'
The next largest manufacturing district was the Fifth Kentucky,
producing 35,692,097 pounds. The total production by States was as
f olloAvs (States producing less than 10,000,000 pounds per annum not
included):
Pounds.
Missouri
67, 432, 305
Kentucky
„-.
40, 022, 452
North Carolina
1
34, 952, 401
Virginia
28,845,588
Ohio
18,403,072
New York
18, 098, 808
New Jersey
:
----15, 601, 278
Michigan
15, 072, 995
Maryland
12, 218, 894
Illinois
10,980,649
NOTE.—The returns for t h e Second Virginia district do not include 6,917,469
pounds of tobacco manufactured at bonded manufacturing warehouses and Avithdrawn
for export during the last fiscal year.
Snuff was manufactured in thirty districts; thirteen factories, however, produced less than 6,000 pounds each.
There Avas an increase in production of snuff over the previous year
of more than 10 per cent, the total production amounting to 14,723,392
pounds, df which araount 4,091,847 pounds were manufactured in the
First Penns3dvania district; 3,306,604 pounds in the Fifth New Jersey; 3,050,068 in the Fifth Tennessee, while Maryland was the next
largest district, producing 1,869,026 pounds.
COMMISSIONEE OF I N T E E N A L E E V E N U E .
575
States.
B
Q
Alabama
Arkansas
P o u n d s of t o b a c c o u s e d
i n m a k i n g cigars.
Cigars m a n u f a c t u r e d .
•
Weighing
Weighing
Weighing
Weighing
m o r e t h a n 3 iiot m o r e m b r e t h a n 3 n o t m o r e
than 3
than 3
pounds per
pounds per
pounds per
pounds per
1,000.
1,000.
1,000.
1,000.
6,403,082
1,493,250
70
.36
6
.
Total
Iowa...
Do
3
4
Total
.
Kansas
Kentucky
Do
Do .
Do
Do
2
5
6
7
8
240
55,005,036
80,400
311,730
915,971
2,710,744
77,010
7,732
17
515
15,950,306
48,302,996
147,620,703
3,962,316
1,682,920
3,500
181,950
1,891
163
501
196
3,667,444
305,811
I,023,256
248,993
6,654
185,201,573
17,016,858
49,558, 621
12,603,986;
1,893,890
5,245,504
6,654
264,381,038
1,893,890
603
209
1,041,943
564,245
53,760,274
26,330,055
1,606,188
80,090,329
236
• 421
478,112
1,033,429
368
23,798,015
57,308,278
88,400
1,511,541
368
81,106,293
88,400
446,307
24
146
115
28
3
29,424
.748,225
160,592
74,614
3,788.
1^4
846
668
.
-
1,173,058
316
Total
80,400
336
1
5
8
13
50,356,961
4,648,075
657
Illinois
Do . . . .
Do
Do
240
812
Total
Colorado
Connecticut
Florida
Georgia..
1,074,676
98,382
2,751
1
4
406
81
242
446
470
79
.
118,947
33,182
487
.
California
Do
Indiana
Do .
Number of factories e a c h
having o n e
account.
STATEMENT SHOWING THE NUMBER, BY DISTRICTS, OF CIGAR MANUFACTURERS'
ACCOUNTS REPORTED, THE QUANTITY OF TOBACCO USED, AND THE NUMBER OF
CIGARS REPORTED MANUFACTURED DURING THE CALENDAR Y E A R ENDED DECEMBER 31, 1899.
25,789,851
479
1,875,513
39,591,791
8,798,149
3,710,538
187,754.
159,500
1,016,64^
479
54,163,745"
159,500
883,033
2,274,382
2,465,385
5,605
1,272,528
1,801
761
479
2,372,808
983,002
232
58
120,120,949
44,356,401
78,800
20,200
Total
1,240
3,355,810
290
164,477,350
99,000
Minnesota
537
1,082,338
58
57,024,069
34,990
6^
312
918,738
421,810
135
48,372,001
21,702,861
40,800
967
1,340,548
135
70,074,862
40,800
85
343
175
136,797
504,503
358,134
120
6,202,689
27,626,779
16,384,531
24,000
220
716
197,018
1,576,604
9,390
9,879,150
74,122,515
1,621,000
936
1,773,622
9,390
84,001,665
1,621,000
28
37,589
Total..
I^ouisiana
Maryland
Massachusetts
Michigan
Do
1
4
Missouri
Do . . .
Total
1
6
.
...
Montana
Nebraska
New Hampshire
New Jersey
Do
Total
Now Mexico
.
1
5
'
45,988,637•
210,670
117,271,337 258,599,230
112,834,413
• 383,900
1,819, 960 •
576
E E P O R T ON T H E FINANOES.
STATEMENT SHOWING THE NUMBER, BY DISTRICTS, OF CIGAR MANUFACTURERS'
ACCOUNTS REPORTED, THE QUANTITY OF TOBACCO DSED, AND THE NUMBER OF
CIGARS REPORTED MANUFACTURED DURING THE CALENDAR Y E A R ENDED DECEM-
states.
ft
Cigars m a n u f a c t u r e d .
Weighing
Weighing
Weighing
Weighing
not more more than 3 not moi e
more than 3
than 3
than 3
pounds p e r pounds per pounds per pounds per
1,000.
1,000.
1,000
1,000.
67,853,500
136,839,120
562,193,359
125,588,254
139,695,462
54,918,667
20,461,125
91,517,700.
93,029,940
401,000
1,551
478
2,185
808
721
747
1,451,616
2,597,542
10,484,057
2,427,579
2,818,825
1,151,981
101,048
414,047
291,152
2,005
20,931,600
810,384 1,087,088,362
4
5
15
14
168,059
9,224
10,243,391
595,403
29
177,283
1
10
11
18
676
378
288
801
5,365,950
968,676
1,745,278
2,270,875
153,837
289,771,893
49,056,461
99,635,914
130,483,183
31,750,210
5,929
5,630
2,143
10,350,779
165,396
568,947,451
35,149,720
170
184,416
1,790
2,414
366
832
7,245,766
11,184,891
589,179
4,915,608
1,154
388
1,325
427,700,068
624,386,677
31,041,627
328,569,602
457,500
128,500
373,300
5,402
23,935,444
2,867 1,411,697,974
959,300
10
14,027
659,532
2
5
• 27
42
29,821
87,256
1,702,640
4,622,673
69
117,077
3
4
111
57
168,559
111, 403
168-
279,962
60
13,181,154
20,250
2
6
124
70
2,371,151
138,849
489,454
3
134,616,051
7,190,389
115,193,340
1,000
194
2,510,000
489,457
141,806,440
115,194,340
155
1,324,943
l4l
82,795,453
51,270
691
331
1,129,491
.
638,453
57,327,778
31,639,789
• 1,022
1,767,944
88,967,567
1
2
3
14
21
28
Total
Nortli Carolina
Do
Total
Ohio
Do
Do
Do
*
-
Total
Oregon
Pennsylvania
Do
Do
Do
:.
1
9
12
23
Total
South Carolina
Tennessee
Do
.
Total
Texas
Do
Total
. .
.
. .
Total
West V i r g i n i a
Wisconsin . .
Do
Total
P o u n d s of t o b a c c o u s e d
i n m a k i n g cigars„
6,490
New York
Do
Do
Do
Do
Do
Virginia .
Do
Number of factories each
having one
account.
BER 31, 1899—Continued.
1
2
-
2,132
429,450
205,839,215
• 10,838,794
1,474,230
1,925,280
9,283,563
6,325,313
^ 60
8,062,134
5,119,020
20,250
COMMISSIONEE OF I N T E R N A L E E V E N U E .
577
STATEMENT SHOWING THE NUMBER, BY STATES, OF CIGAR MANUFACTURERS' ACCOUNTS
REPORTED, THE QUANTITY OF TOBACCO USED, AND THE NUMBER OF CIGARS REPORTED
MANUFACTURED DURING THE CALENDAR Y E A R ENDED DECEMBER 31, 1899.
Num- Pounds of tobacco used
in making cigars.
berof
factories
Weighing
Weighing
each
not more
having more than
than
one ac- 3 pounds
3 pounds
per 1,000.
count.
per 1,000.
states.
Alabama
Alaska
Arkansas
Arizona
California
Colorado
Connecticut
Delaware
District of Columbia.
Florida
Georgia
Idaho
Illinois
Indiana
Indian Territory
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
M is.sissippi
Missouri
Montana
.
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode" Island
South Carolina
South Dakota
Tennessee —
Texas
Utah.'
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
70
7
36
15
485
231
380
47
69
470
79
11
2,751
812
. 8
657
283
316
140
85
730
668
1,240
537
4
967
48
238
2
57
936
13
6,490
29
51
2,143
45
56
5,402
66
54
69
168
26
33
194
107
155
1,022
11
118,947
6,870
33,182
26,739
1,170,207
299,928
804,451
73,259
67,605
2,710, 744
71,010
13,206
5,245,504
1,606,188
4,639
1,511,541
407,154
1,016,643
881,921
126,940
2,133,518
2,465,385
3,355,810
1,082,338
1,112
1,340,548
71,063
368,458
. 2,851
185, 979
1,773,622
10,850
20,931, 600
177,283
37,205
10,350, 779
34.514
64.515
23,935,444
111,520
14,027
98,840
117,077
279, 962
52,528
45,215
2,510,000
113,031
1.324.943
1.767.944
11,802
28,523
30,517
90,972,441
83,460,874
0 10
Total
Calendar year 1898.
Increase, calendar year 1899.
Decrease, calendar year 1899.
•
7,511,567
240
7,732
5,520
50
17
515
6,654
368
479
5,605
120
1,266,958
1,801
290
58
135
9,390
'810," 384'
165,396
"'2,'867
489,457
ui
Cigars manufactured.
Weighing
more than
3 pounds
per 1,000.
403,082
324,100
1) 493,250
1 299,960
80,400
54;' 867, 111
15, 387,866
1,682,920
42, 491,990
1,388,150
3, 550,146
11,250
3, 459,723
3,500
147, 620,703
962,316
181,950
3,
614,088
264, 381.038
1,893,890
8o; 090,329
215.450
81, 106,293
88,400
23. 724.039
54; 163,745
159,500
210,670
45. 927,316
24,000
5; 848,517
110, 261,468 257,199,830
383,900
112, 834,413
99,000
164,' 477,350
34,990
57; 024,069
61,321
70, 074,862
40,800
3: 132,025
20; 436,629
137,925
403,538
84, 001,665
1,621,000
520,000
1,087, 088,362 265,"839,"2i5
10, 838,794
1, 896,300
35,149,720
568, 947.451
1, 850,362
3, 120, 967
'959,'300
1,411, 697,974
5, 811,006
659,532
5, 293,850
6, 325,313
13, 181,154
20,250
2, 456,576
2, 132,476
141, 806,440 115,194,340
5, 838,496
82, 795,453
5i,'270
967,567
562,440
2,774,237 4,909,566,840
1,977,100 4,458,836,966
797,137
Weighing
not more
than
3 pounds
per 1,000.
450,729,874
622,318,245
456,826,384
165,491,861
1,994
Average quantity of leaf tobacco used per 1,000 large cigars, ,18.55 pounds; average quantityof
tobacco used per 1,000 small cigars, 1.45 pounds.
FI 1 9 0 0 -
-37
578
BEPOBT ON T H E EINANCES.
STATEMENT SHOWING THE NUMBER, BY DISTRICTS, OF CIGAR MANUFACTURERS' ACCOUNTS
REPORTED, THE QUANTITY OF TOBACCO USED, AND THE NUMBER OF CIGARETTES R E PORTED MANUFACTURED DURING THE CALENDAR Y E A R ENDED DECEMBER 31, 1899.
States.
Num-.
ber of
factories
each
having
one account.
California
Colorado
Connecticut
Florida
Illinois
Indiana
Iowa
Louisiana
Maryland
Massachusetts ,
Minnesota
Missouri
Do
New Jersey
Do
New Mexico..
NewYork
Do
Do
Do
Do..
Do
North Carolina.
Do
Pennsylvania..
Do
Do
South. Carolina.
Texas
Virginia
Do
Total
1 31
Calendar year 1898
Increase, calendar year 1899 .
Decrease, calendar year 1899.
Pounds of tobacco used Cigarettes manufactured.
in making cigarettes.
Weighing
more than
3 pounds
per 1,000.
430
10
16,666
9,040
276
339
27,705
23,064
Weighing
Weighing
not more more than
than 3
pounds per 3 pounds
per 1,000.
1,000.
49,077
54
575
5,343
25,203
2
255
123,147
1,034
19,923
15
296,219
1,891
325
1,119
421
1,326
5,101,686
317,465
111
2
2,302,222
2,864,805
39,914
12,145
11
554
35
83
3,179,662
44,617
14,389,242
17,058,285
4,641
63
Weighing
not more
than 3
pounds per
1,000.
23,905,850
15,300
204,670
1,098,660
45,040
8,426,555
500
52,300
45,472,160
1,109,415
33,520.
5,517,020
5,000
74,089,280
378,200
108,700
1,000
375,250
238,300
297,780
2,257,085 1,296,237,491
246,095
95,742,302
27,280
500
534,671,720
944,396,500
13,297,500
3,188,000
4,000
138,900
16,200
39,880
679,187,250
14,122,700
27,500
2,610,240
1,745,915
3,742,365,163
4,384,037,982
864,325
2,669,043
641,672,819
Average quantity of leaf tobacco used per 1,000 large cigarettes, 10.61 pounds; average quantity of
leaf tobacco used per 1,000 small cigarettes, 3.84 pounds^
DETAILED STATEMENT OF THE NUMBER OF TOBACCO FACTORIES IN EACH DISTRICT AND STATE AND THE AGGREGATE QUANTITY OF L E A F TOBACCO.
AND OTHER MATERIALS U S E D DURING THE CALENDAR Y E A R ENDED DECEMBER 31, 1899.
Materials used i n m a n u f a c t u r i n g tobacco.
Factories.
states a n d districts.
Leaf.
Scraps.
Stems.
Licorice.
Other
materials.
Sugar.
I n process.
Total.
•
No.
.3
15
1
California:
First district
F o u r t h district
. . . . .
.
. .
Total
Indiana:
Sixth district
Seventh district.
Pounds.
Pounds.
699
.
Total
Iowa:
Third district
F o u r t h district
_.
,
.
...—
10
Pounds.
Pounds.
16,992
Pounds.
218,317
229,998
250
Pounds.
16,368
250
2,553
2,071
8,113
23,314
2,553
2,071
8,113
23,314
177,579
16,618
23
38
10
8
1,629
425
5,785
190,844
24, 009
13, 783
3,885
6,327,054
141
122,209
12,705
2,058,771
30,146
114,826
7,613
202,814
318
.
. .
Illinois:
First district
Fifth district
E i g h t h district
Thirteenth district
Pounds.
215
16
72
15
Total
Colorado
Connecticut
Florida
.
Georgia
177,579
16
Alabama
Pou7ids.
200,616
6,463,409
2,211,356
51.
27^
74,087
117,523
78
191,610
26
63
236,461
2,962
1,942
502,095
1,100,440
805,374
316,531
23,547
15,020
9,753
9,747
11,313,079
31,587
295,102
20,318
202,814
525,642
1,115,460
815,127
326,278
10
925
882
1,553
927
1,142
3,335
33, is?
160,133
184,434
110,990
10
1,807
2,480
4,477
33,187
4,494
507
20, 676
411
2,266
23,408
371,432
83,093
47,326
5,001
21,087
2,266
23,408
454,525
2,687
hi
344,567
47,326
o
11,660,086
82,426
28,570
•
GO
CD
M
300,248
190, 844
25, 788
14,208
11,612
150
a
o
40,793
36,801
79,213
fed
<
•
Total
Kansas
89
239,423
116,014
42
1,184
36,922
Ol
DETAILED STATEMENT OF T H E NUMBER OF TOBACCO FACTORIES IN EACH DISTRICT AND STATE AND T H E AGGREGATE QUANTITY OP L E A F TOBACCO
AND OTHER MATERIALS U S E D DURING THE CALENDAR Y E A R ENDED DECEMBER 31, 1899—Continued.
OT
OO
^
Materials used i n manufacturing tobacco.
Factories.
States a n d districts.
Leaf.
Scraps.
Licorice.
Stems.
Pounds.
36,985
2,453,507
257,636
2,545
20
Pounds.
45,285
90,793
72,479
6,829
Pounds.
2,320,037
38,059,435
'2,584,278
171,322
66,071
7,130,859
4,931,614
2,750,693
215,386
. 43,201,143
68,798
181,128
43,759
551,786
51,265
982,987
2,975
9,512
2,367,823
97,835
1,969,244
20,376,416
190,911
22,192
1,940,457
2,227,071
835,364
30
253,254
1,331
15,809,812
47,118
1,740,600
22,192
1,940,457
2,227,071
835,394
254,585
15,856,930
87,167
818
20
200
169
10,156
107,205
.46,250,968
521,058
1,469,712
45,732
993,346
15,018,033
17,314
6,932,262
15,339
3,440,933
12,252
2,250,251
75,372
78,355,507
687,065
46 772,026
1,515,444
993,346
15,035,347
8,947,601
3,453,185
2,325,623
79,042,572
Pounds.
28,655
44,663
84,218
3,294
127
27,916,733
160,830
95,028
Louisiana
Maryland
Massachusetts
60
36
25
1,773,523
14,471,321
70,875
22,387
1,336,338
11,928
485,033
7,298
Michigan:
First district . . :
F o u r t h district
64
51
8,835,360
1,271
1,696,114
44,486
115
8,836,631
70
8,675
40
26
66
. . .
-
;
.•
Missouri:
First district
Sixth district
Total.'.
N e w Jersey:
Total
New Mexico
29
94,999
•
'
12
33
12,308
45,352
1,935
12,308
45,352
1,935
24
44
5
Montana
Nebraska
New Hampshire
Fifth district
Poimds.
hj
O
fed
-
Total
Minnesota
Total.
Pounds.
110,155
4,518,518
293,623
8,616
702
Pounds.
1,947,356
24,166,259
1,601,228
138,724
63,166
Total
I n process.
Pounds.
15;, 572
6,785,695
180,095
11,314
2,183
No.
30
62
15
.16
4
Kentucky:
Second district
Fifth district
S i x t h district
Seventh district
Eighth district.
Other
materials.
Sugar.
14,260,009
4,304
2,166,598
45
14,260,009
2,170,902
3
8,412
5,574
1,316,347
1,316,347
1,965,438
1,427,294
1,041,770
4,303,410
4,304
26,480,866
1,965,438
1,427,294
" 1,041,770
4,303,410
26,485,170
426
14,412
o
o
GQ
New York:
Firstdistrict
Second district
Third district
Fourteenth district
Twenty-first district...
Twenty-eighth district.
Ohio:
First district
Tenth district
Eleventh district
Eighteenth district
472,560
17,256
38,126
45,948
40,054
269,827
286,336
26,822
60,529
43,611
40,301
146,444
139,618
16,355
93,377
2,734
21,372
121,938
7,158,973
4,411,049
3,349,205
1,382,567
958,163
3,343,239
15,379,254
1,872,614
129,366
1,338,754
883,771
604,043
395,394
20, 603,196
41
114
20,053,229
20,086,986
13,788
400,495
21,254
289,329
1,339,499
143,697
872,996
575,391
311,400
1,393,094
789,804
22,468,528
23,822,434
40,140,215
414,283
21,254
1,628,828
1,016,693
. 886,791
2,182,898
46,290,962
92
24
13
52
8,025,081
564,077
57,092
137,281
4,558,676
42,861
24,838
194,374
116,239
59,356
2, 956,772
62,683
6,859
10,857
3,117,813
70,621
6,984
16,298
372,973
89,948
3,645
4,754
67,141
54,868
5,700
22,256
19,214,695
944,414
105,118
385,820
181
,
Total
8,783,531
4,820,749
175,595
3,037,171
3,211,716
471,320
149,965
20,650,047
o
o
GQ
GQ
M
,
>
2
31,466
4,768
729
172,665
3,173,851
5,765
2i2
220
365,916
108,019
53,138
209,628
3,179,616
9,134,969
6
729
6,105
<
ci
265,447
121,360
22,628
64,920
365,914
4,744,297
474,355
3,036
2,100
12
51
Tennessee:
Second district
6,456,457
139,300
1,047,261
1,491,951
52,706
2,519,901
6,115
986,404
1,231,877
8
South Carolina
M
47,172
1,292
37,288
22,267
113
58
35
38
244
Total
fed
o
7,604
7,604
25
Pennsylvania:
First district
,
Ninth district
,
Twelfth district
,
Twenty-third d i s t r i c t .
Total
635,998
472,777
79,727
21,651
14,267
114,334
•
O
Oregon
Fifth district
6,371
81,710
2,300
27,490
1,500
9,995
155
,
Total
36,873
18,351
1,147,950
157,883
365,827
145,730
423
Total
North Carolina:
Fourth district
Fifth district
5,581,217
3,777,778
1,927,196
1,083,250
474,842
2,534,971
41
57
87
61
113
64
851,535
5,333,294
73
109,262
249,172
249,172
219
15 -
46,205
85,925
44,832
62,670
9,778
335,872
23,759
583,740
976,182
6,759,935
132,130
107,502
345,650
607,499
fed
fed
7,736,117
63
6,184,829
109,335
12
9
5,614
2,099
40,611
3,360
106
46, 225
5 565
21
7,713
43,971
106
51,790
,
Texas:
Third district
,
Fourth d i s t r i c t , . . . » . . . ,
Total
or
OO
DETAILED STATEMENT OP THE NUMBER OP TOBACCO FACTORIES IN EACH DISTRICT AND STATE AND THE AGGREGATE QUANTITY OP L E A P TOBACCO
AND OTHER MATERIALS USED DURING THE CALENDAR Y E A R ENDED DECEMBER 3 1 , 1 8 9 9 — C o n t i n u e d .
OT
OO
Materials used in m a n u f a c t u r i n g tobacco.
s t a t e s a n d districts.
Factories.
Leaf.
No.
39
66
Virginia:
Second district.:..
Sixth district.
Pounds.
19,500,141
12,264,925
Scraps.
Stems'. '
Pounds.
108,767
404,314
Pounds.
• Licorice.
Siigar. '
• Other- -. • In'process.'
materials.
Total.
14,625
Pounds.
1,526,731
707,744
Pounds.
1,409,213
415,876
Pounds.
1,295,076
516,750
Pounds.
632,479
523,696
Pounds.
24,472,407
14,847,930
105
31,765,066
513,081
14,625
2,234,475
1,825,089
1,811,826
1,156,175
39,320,337
West Virginia
25
432,227
2,403,331
4,340
286,490
184,865
794,515
31,515
4,137,283
"W^isconsin:
F i r s t d i s t r i c t '.
Second district .
43
23
4,665,157
481
51,666
40,092
750,648
363
114,996
181,784
171,309
. .158,111
6,093,671
40,936
66
4,665,638
91,758
751,001
114,996
181,784
171,309
158,111
6,134,607
Total
Total.
.'
. . . -.
.
fed
o
fed
o
W
M
o
GQ
DETAILED STATEMENT OP THE AGGREGATE QUANTITIES OP THE DIFFERENT K I N D S OF MANUFACTURED TOBACCO PRODUCED IN EACH DISTRICT AND
STATE DURING THE CALENDAR Y E A R ENDED DECEMBER 31, 1899, TOGETHER WITH A STATEMENT OF THE QUANTITY OF MANUFACTURED TOBACCO
ON H A N D AT THE COMMENCEMENT AND AT THE CLOSE OF THE YIUAR, THE QUANTITY TO BE ACCOUNTED FOR, THE QUANTITY REMOVED IN BOND
FOR EXPORT, THE TOTAL SALES REPORTED, AND THE AMOUNT OP TAXES P A I D .
Tobacco, manufactured.
States a n d districts.
California:
First district
F o u r t h district
Snuff.
Pounds.
Pounds.
2,393
Pounds.
129,124
36,645
147,179
250
36,645
Total
• 147,429
'
Illinois:
First district
Fifth district
Eighth district
Thirteenth district
On h a n d
unsold.
Exported
in bond.
Sold.
Pounds.
1,080
Pounds.
.146,036
Pounds.
1,821
Pounds.
272
Pounds.
143,943
183,824
250
390
2,300
181,134
250
184,074
^390
2, 300
181,384
21,766.08
2,855
250
187,989
25,248
14,168
9,980
22,558.68
3,029.76
1,700.16
1,197.60
HI
1,326,685.56
4, 706.16
29,907. 96
2,893.08
t^
Total.
Pounds.
144,956
Stamps req u i r e d for
sales.
M
GQ
GQ
S17,273.16
'
O
21,736.08
30.00
190,844
25,323
14,168
9,960
190,844
25,323
14,168
9,960
Colorado
Connecticut
Florida.
Georgia....,'...
Q
O
Total to be
accounted
for.
184,074
Smoking.
Pounds.
13,439
Alabama
F i n e cut.
On h a n d .
183,824
250
Plug.
3,200
190,844
25,498
14,168
13,160
11,087,944
31,937
256,150
18, 669
8,691
13,793
5,226
22,691
11,096, 635
45,730
261,376
41,360
40,522
6,512
11,173
17,251
400
970
11,055,713
39,218
249,233
24,109
50,401
11,445,101
75,458
1,370
11,368,273
1,364,192.76
174
146,326
106,805
17,559.12
12,816.60
174
253,131
o
30,375. 72
175
3,180
fed
306,399
2,799,272
7,570,072
30,087
135,705
8,989
412,201
1,850
. . '.
120,445
9,680
---.
436,524
2,799,272
7,744,853
414,051
11,394,700
50,459
78,837
25
93,408
37,626
768
100
144,635
116,588
13,613
13,469 •
158,248
130,057
11,922
23,078
129,296
25
131,034
868
261,223
27,082
288,305
35,000
Iowa:
Third district
Fourth district
24,190
324,288
82,868
525
349,003
82,868
8,268
61
357,271
82,929
7,245
27
350,026
82,902
Total ..
24,190
407,156
525
431,871
8,329
440,200
7,272
432,928
t>
42,003.12
9,948.24
51,951.36
Total
...
....,-
Indiana:
Sixth district
Seventh district..
Total
.
fed
a
or
OO
CO
DETAILED STATEMENT OP T H E AGGREGATE QUANTITIES OP T H E DIFFERENT K I N D S OF MANUFACTURED TOBACCO PRODUCED IN EACH DISTRICT AND
STATE DURING T H E CALENDAR Y E A R ENDED DECEMBER 31, 1899, ETC.—Continued.
Ol
oo
0^
Tobacco, manufactured.
States a n d districts.
Plug.
F i n e cut.
Pounds.
Pounds.
Kansas
Kentucky:
Second district
Fifth district
Sixth district
Seventh district
Eighth district
Total
Louisiana
Maryland.
Massachusetts
Michigan:
Firstdistrict
Fourth district
Total
Smoking.
Pounds.
37,283
Snuff.
Pounds.
S t a m p s req u i r e d for
sales.
On h a n d .
Total to be
accounted
for.
On h a n d
unsold.
Exportedin bond.
Sold.
Pounds.
37,283
Pounds.
6,052
Pounds.
43,335
Pounds.
3,262
Poimds.
Pounds.
40,073
4,808.76
1,801,205
35,827,357
2,334,577
142,447
52,126
794,667
1,207,199
42,495
26,955
21,683
2,595,872
37,034,556
2,377,072
169,402
73,809
688,520
2,169,858
76,729
22,421
24,157
2,364
7
1,907,352
34,802,648
2,300,333
144,617
49,645
228,882.24
4,176,317.74
276,039.96
17,354.04
5,957.40
Total.
4,573
3,874,043
1,497,585'
4,416
135,260
181,846
5,380,617
135,260
40,157,712
2,092,999
42,250,711
2,981,695
64,421
39,204,595
110,479
1,926, 672
12,108,415
15,156
3,062
1,869,026
75,716
1,932,254
14,087,920
• 90,872
460,236
680,944
3,894
2,392,490
14,768,864
94,766
386,703
794,494
2,279
149,402
325,753
602
1,856,385
13,648,617
91,885
222,766.20
1,637,834.04
11,026.20
4,990,956
2,960,431
7,077,122
44,486
54,900
1,320
15,083,409
45,806
174,064
343
15,257,473
46,149
325,M68
233
6,020
14,925,985
45,916
1,791,118.20
5,509.92
4,990,956
2,960,431
7,121,608
56,220
15,129,215
174,407
15,303,622
325,701
6,020
14,971,901
1,796,628.12
86,207
26,775
112,982
9,682
122,664
9,390
30
113,244
13,589.28
181,846
34,459,989
2,520
Minnesota
62,050
o
fed
1^
o
W
M
>
Q
Missouri:
Firstdistrict
Sixth district
61,995,753
363,043
16,823
4,922,695
133,991
15,229
66,950,500
497,034
5,687,189
76,679
72,637,689
573,713
5,852,548
87,113
83,889
66,701,252
486,600
8,004,150.24
58,392.00
Total
62,358, 796
16,823
5,056,686
15,229
67,447,534
5,763,868
73,211,402
5,939,661
• 83,889
67,187,852
8,062,542.24
12,308
45,352
1,935
1,476.96
5,442.24
232.20
12,308
45,352
1,935
12,308
45,352
1,935
12,308
45,352
1,935
Montana
Nebraska
New Hampshire
N e w Jersey:
First district
Fifth district
4,185,148
2,360,917
4,304
9,050,909
3,306,604
4,304
18,903,578
45,202
4,304
18,948,780
270
551,239
224, 602
4,034
18,172,939
484.08
2,180,752.68
Total
4,185,148
2,360,917
9,055,213
3,306,604
18,907,882
45,202
18,953,084
551,509
224,602
18,176,973
2,181,236.76
.fed
4,704,551.40
1,796,632
31,818,054
655,146
138,031
52,126
OQ
New Mexico
Total
o
North Carolina:
Fourth district
Fifth district
Total
Ohio:
First district
T e n t h district
E l e v e n t h district ..
Eighteenth district
Total
Total..
South Carolina
Tennessee:
Second district
Fifth district
Total
Texas:
T h i r d district
F o u r t h district
Total
150
11,750
1; 410.00
669,906.96
514,729.80
200,443.80
158,471.28
110,884.32
339,854.52
176,166
679
5,592
19,647
36,218
60,443
5,959,885
4,291,280
2,738,376
1,345,334
954,007
3,211,779
363,082
475
19,696
24,740
29,969
65,510
14,245
1,390
1,048,315
21,174
5,783,719
4,290,601
2,732,784
1,325,687
917,789
3,151,336
2
314,148
5,582,558
4,289,415
1,670,365
1,320,594
924,036
2,832,121
12,643,125
103,108
18,201,916
298,745
18,500,661
503,472
1,378,100
16,619,089
1,994,290.68
-... 17,901,686
12,992,632
668,173
36,960
2,865
16,419,502
18,572,724
1,635,925
4,884,114
18,055,427
23,456,838
2,004,453
5,009,626
94;324
8,567
15,956,650
18,438,645
$1,914,798.00
2,212,637.40
21,291,596
13,666,805
39,825
34,992,226
6;520,039
41,512,265
7,014,079
102,891
34,395,295
4,127,435.40
780
17,045,513
927,549
89, 947
340,843
646,457
41,100
276
3,518
17,691,970
968,649
90,223
344,361
800,624
24,494
718
2,719
3,584
569
80
16,887,762
943,586
89,425
341,642
2,026,531.44
113,230.32
10,731.00
40,997.04
780
18,403,852
691,351
19,095,203
828,555
4,233
18,262,415
2,191,489.80
7,604
391
7,995
285
7,710
925.20
287,126
1,577
17,810
13,755
5,724,270
137,764
875, 667
1,499,146
220,938
499
16,377
18,880
1,800
739
2,301
2,295
5,501,532
136,526
856,989
1,477,971
660,183.84
16,383.12
102,838.68
177,356.52
3,109,322
28,622
1,314
2,315
2,348,531
4,239,562
1,682,053
1,151,931
776,354
2,444,694
74,042
5,577
30,508
323,551
22,417
975,375
168,179
141,435
654,96C
3,169,766
2,285,917
3,389, 910
o
o
GQ
W
H-l
O
9,502,362
200,953
2,827
24,258
13,296
156,603
35,460
7.529,075
569,993
87,120
281,125
9,730,400
205, 359
8,467,313
7,604
Oregon
Pennsylvania:
First district
N i n t h district
Twelfth district
Twenty-third district
11,900
11,900
11,900
New York:
First district
Second district
Third district
Fourteenth district
Twenty-first district
Twenty-eighth district
135,758
127
127
135,758
1,209,539
131,438
857,730
974,374
4,091,847
4,749
511,017
5,437,144
136,187
857,857
1,485,391
3,173,081
4,607,613
7,916,579
320,268
8,236,847
256,694
7,135
7,973,018
956,762.16
4,116
15,493
19,609
14,362
1,265
3,982
477.84
1,219
2,897
560,800
1,018,605
173,796
146,389
3,050,068
734,596
4,215,062
347,645
628,460
1,082,241
4,843,522
427,977
529,589
3,986
36,343
650,278
4,277,590
78,033.36
513,310.80
1,579,405
320,185
3,050,068 ^
4,949,658
976,105
5,925,763
957,566
40,329
4,927,868
591,344.16
220
46,175
4,448
46,175
4,668
3,671
46,175
8,339
3,766
46,175
4,573
50,623
50,843
3,671
54,514
3,766
50,748
fed
t^
t-f
fed
td
<1
td
5,541.00
548.76
220
fed
6,089. 76
a
td
Ol
oc
Ol
DETAILED STATEMENT OF THE AGGREGATE QUANTITIES OP THE DIFFERENT K I N D S OP MANUFACTURED TOBACCO PRODUCED IN EACH DISTRICT AND
STATE DURING T H E CALENDAR Y E A R ENDED DECEMBER 31, 1899, ETC.—Continued.
OT
OO
Tobacco, manufactured.
States a n d districts.
Fine cut.
Smoking.
Pounds.
. 14,383,375
8,982,886
Pounds.
3,889
128,052
Pounds.
4,345,252
1,002,134
Pounds.
4,420
868,165
23,366,261
131,941
5,347,386
Plug.
Virginia:
Second district
Sixth district
Total
.
Snuff.
On h a n d .
Total to be
accounted
for.
On h a n d
unsold.
Pounds.
18,736,936'
10,981,237
Pounds.
1,735,828
3,091,574
Pounds.
20,472,764
14,072,811
Total.
Exported
in bond.
Sold.
Stamps req u i r e d for
sales.
Pounds.
1,793 237
4,161 195
Pounds.
4,963,915
2,279
Pounds.
13,715 612
9,909,337
$1,645,873.44
1,189,120.44
4,966,194
23,624 -949
2,834, 993.88
3,861 845
463,421.40
West Virginia
872,585
29,718,173
4,827,402
34,545,575
5,954 432
3,832,416
13,420
3,845,836
171,404
4,017,240
155 395
Wisconsin:
First district.
Second district
3,083
474,880
5,390,124
40,523
3,533
5,871,620
40,523
56,260
200
5,927,880
40,723
69 170
138.
1 250
5,857 460
40 585
702,895.20
4,870.20
Total.
3,083
474,880
5,430,647
3,533
5,912,143
56,460.
5,968,603
69 308
1,250
5,898 045
707,765.40
fed
td
o
o
W
td
o
td
CQ
COMMISSIONER OF I N T E R N A L R E V E N U E .
587
SUMMARY.
STATEMENT OP OPERATIONS OP MANUFACTURERS OP TOBACCO AND CIGARS DURING
THE CALENDAR Y E A R 1899.
Number of registered manufacturers of tobacco
2, 561
Number who qualified as manufacturers for the purpose of buying and seUing
refuse scraps, cuttings, and clippings
,
172
Number who qualified as manufacturers for t h e purpose of disposing of the
old stock of manufactured tobacco
43
Number of persons who produced perique tobacco
56
Number who qualified as tobacco manufacturers who also operated cigar
factories
:
1,466
Number who qualified for t h e express purpose of manufacturing plug, twist,
fine-cut chewing, and smoking tobacco and snuff
824
Total
2,561
QUANTITY OP TOBACCO AND SNUPP MANUFACTURED.
Quantity
Quantity
Quantity
Quantity
of
of
of
of
plug and twist tobacco produced
fine-cut chewing tobacco produced
smoking tobacco produced
snuff produced
Pounds.
165, 755,390
11, 687, 838
. 102, 468, 594
14, 723, 392
,
Total quantity of tobacco and snuff produced
294,635,214
CIGARS AND CIGARETTES MANUFACTURED.
NuDiber
Number
duced
Number
duced
Number
duced
of cigars weighing more than 3 pounds per 1,000 produced.. 4, 909,566, 840
of cigars weighing not more than 3 pounds per 1,000 pro622,318,245
of cigarettes weighing not more t h a n 3 pounds per 1,000 pro3,742,365,163
of cigarettes weighing more than 3 pounds per 1,000 pro2,610,240
CIGAR FACTORIES.
Number of cigar factories operated
Number making cigarettes exclusively
28, 523
276
Total
28,799
L E A F TOBACCO.
Quantity of leaf tobacco used in the production of large cigars
Quantity of leaf tobacco used in the production of small cigars
Quantity of leaf tobacco used in the production of cigarettes ^
Quantity of leaf and scrap tobacco used in the production of chewing
and smoking tabacco and snuff
Total leaf tobacco used
Average
Average
Average
Average
quantity
quantity
quantity
quantity
of
of
of
of
leaf
leaf
leaf
leaf
tobacco
tobacco
tobacco
tobacco
Pounds.
90,972,441
2, 774, 2^7
14,416,947
254,094,044
362,257,669
used
used
used
used
per
per
per
per
1,000
1,000
1,000
1,000
large cigars
small cigars
large cigarettes
small cigarettes
„
18.55
4.45
10. 61
3. 84
OPIUM.
The tariff act of October 1, 1890, section 36 (26 Stat. L., 567),
imposes an internal-revenue tax of $10 per pound upon all opium
588
REPORT ON THE FINANCES.
manufactured in the United States for smoking purposes, and provides
that no person shall engage in such manufacture who is not a citizen
of the United States and who has not given the bond required by the
Commissioner of Internal Revenue.
This act also imposed a duty of $12 per pound on the imported article, but admitted the imporcation of crude or unmanufactured opium
free of duty.
The tariff act of August 28, 1894, reduced the duty on the imported
article to $6 per pound; and this rate was reimposed by the tariff act
of Jul}^ 24, 1897, which imposed a tax of $1 per pound on opium, crude
or unmanufactured.
The reduction of the duty on the imported article and the imposition
of a duty on crude or unmanufactured opium has discouraged its
manufacture, and as a result there are in the United States no qualified
manufacturers, and while a number of persons have been arrested and
their material and utensils forfeited for violation of the statute, no
internal-revenue tax has been collected from this source.
CHEWING GUM.
The act of June 13,1898, under Schedule B, levies a tax on chewing
gum, or substitutes therefor, as follows:
For and upon each box, carton, jar, or other package containing chewing gum of
notmore than | 1 of actual retail value, 4 cents; if exceeding $1 of actual retail value,
for each additional dollar or fractional part thereof, 4 cents; under such regulations
as the Commissioner of Internal Revenue, with the approval of the Secretary of the
Treasury, may prescribe.
In pursuance of the aforesaid act regulations were prescribed b}^ the
Commissioner of Internal Revenue, with the approval of the Secretary of the Treasury, which were published in Department Circular
No. 120, under date of June 27, 1898, relating to the manufacture,
packing, and sale of chewing gum^ or substitutes therefor, and the
collection of tax on this product from the manufacturers before the
same was placed on the market for sale at retail.
Manufacturers are required at the close of each month to file with
the collector of internal revenue for the districts in which they reside
a declaration that no chewing gum, or substitutes therefor, has been
removed from the place of manufacture without payment of tax,
as provided in section 23 of the aforesaid act; but manufacturers have
not been required to make any return which would show the kind or
quantity of material used in manufacturing, or the quantity of chewing gum removed from the place of manufacture, or the amount of
tax paid thereon. The revenue derived from this source of taxation
during the fiscal year ended June 30, 1899, amounted to $326,105.49,
and during the fiscal year ended June 30,1900, amounted to $366,530.95.
COMMISSIONER
OF INTERNAL
589
REVENUE.
DIVISION OF LAW.
The following is an abstract of reports of district attorneys for the
fiscal year 1899-1900 of internal-revenue suits and prosecutions pending, commenced, and disposed of:
ABSTRACT OF REPORTS OP DISTRICT ATTORNEYS FOR THE FISCAL Y E A R 1899-1900 OP
INTERNAL-REVENUE SUITS AND PROSECUTIONS PENDING, COMMENCED, AND D I S POSED OF.
SUITS AND
PROSECUTIONS.
Criminal
actions.
4,870
5,858
P e n d i n g J u l y 1,1899
C o m m e n c e d d u r i n g fiscal y e a r 1899
Civil a c t i o n s Civil a c t i o n s
in personam.
in rem.
Total.
. T o t a l s u i t s d i s p o s e d of
.•
5,491
6,167
792-
138
11,658
3,745
81
785
1,696
P e n d i n g J u l y 1,1900
.
C r i m i n a l cases r e m a i n i n g o n t h e d o c k e t s J u l y
1,1900, i n w h i c h t h e r e h a s b e e n a p l e a or verd i c t of g u i l t y , a n d i n w h i c h j u d g m e n t h a s
been suspended
73
. 65
10,728
Total
D e c i d e d i n favor of t h e U n i t e d States
Settled by compromise
D e c i d e d a g a i n s t t h e U n i t e d States
Dismissed, a b a n d o n e d , c o n s o l i d a t e d , e t c
548
244
165
18
17
33
27
21
8
12
3,937
120
810
1,741
6,307
233
68
6,608
4,421
559
70
5,050
637
637
RECOVERIES OF JUDGMENTS, COSTS TAXED, ETC.
Criminal
cases—fines.
A m o u n t of j u d g m e n t s r e c o v e r e d , a n d costs:
In criminal actions. .
I n civil a c t i o n s i n p e r s o n a m
Ill civil a c t i o n s i n r e m
T o t a l of j u d g m e n t s r e c o v e r e d
A m o u n t paid to collectors .
. . . .
A m o u n t p a i d t o collectors i n c o m p r o m i s e , i n
cases i n s u i t a n d n o t i n s u i t
Civil cases.
Total.
Principal.
S340,364.39
Costs.
$45,657.78
13,168.88
340,364.39
26,836.24
122,509.85
U68, Sib. 82
5,409.75
1,199.71
8508,740.21
51,067 53
14,368.59
58,826.66
2,972,41
174,985.28
20,073.66
574,176.33
49,882.31
122,509.85
DETAILED
ABSTRACT OF REPORTS OP U N I T E D STATES DISTRICT ATTORNEYS OP SUITS AND PROSECUTIONS UNDER
DURING THE FISCAL Y E A R ENDED J U N E 30, 1900.
Suits p e n d i n g J u l y I,
1899.
Suits c o m m e n c e d d u r i n g t h e fiscal y e a r .
Suits d e c i d e d i n favor
of t h e U n i t e d States.
Judicial districts.
Civil.
r
I n r e m . Cn iam.i l
CrimiCivil.' I n r e m . n a l .
260
119
36
3
7
175
42
24
8
1
1
37
28
4
185
147
2
2
105
144
7
3
7
4
i*
11
1
40
i..
14
2
4
4
3
.
2
29
13
4
7
.
11
2
1
2
In rem.
7
3
2
14
1
10
4
5
626
46
2
63
122
44
1
1
5
'""'is'
26
72
1
58
32
7
327
4
1
2
1
1
4
27
7
•
1
37
1
1
1
136
6
6
1
5
71
42
15
452
1
2
4
3
68
165
28
2
1
12
7
28
29
1
.
1
22
21
971
56
16
3
1
24
57
15
43
1
36
35
24
80
68
..
n
I
Civil.
i
1,170
81
."
Suits d e c i d e d a d v e r s e l y
t o t h e U n i t e d States.
I n r e m . Criminal.
33
122
.
Suits settled by compromise.
Civil.
Civil.
207
83
1
.
LAWS
or
CO
o
I n r e m . Crimi-.
nal.
Criminal.
Alabama:
Northern district
Middle district
Southern district
Alaska
Arkansas:
Eastern district
Western district
Arizona .
'
California:
N o r t h e r n district
Southern district
Colorado
Connecticut
Delaware
D i s t r i c t of C o l u m b i a
.
Florida:
N o r t h e r n district
Southern district
Georgia:
N o r t h e r n district
Southern district
Idaho
Illihois:
N o r t h e r n district
Southern district
Indiana
Indian Territory:
N o r t h e r n district
Central district
Southern district.
Iowa:
N o r t h e r n district
Southern district
Kansas
Kentucky
Louisiana:
Eastern district
Western district
Maine
THE INTERNAL-REVENUE
1
1
74
2
1
2
Maryland
:
Massachusetts
Michigan:
Eastern district ..
Western district..
Minnesota
Mississippi:
Northern district.
Southern district.
Missouri:
Eastern district ..
Western district..
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York:
Northern district.
Eastern district...
Southern district.
North Carolina:
Eastern district...
Western district..
North Dakota
Ohio:
Northern district.
Southern district.
Oklahoma
Oregon
Pennsylvania:
Eastern district...
Western district..
Rhode Island
South Carolina
South Dakota
Tennessee:
Eastern district...
Middle district...
Western district..
Texas:
Eastern district...
Northern district.
Western district..
Utah
Vennont
Virginia:
Eastern district...
Western district..
Washington
West Virginia
4
6
16
251
1
2
2
555
650
328
227
191
47
7
12
60
74
57
45
6
"8'
8
4
"5'
3
2
13
11
17
9
9
11
12
3
7
14
41
100
340
25
4
391
326
612
23
i
4
56
7
1
13
6
2
62
3
77
27
83
10
22
16
1
2
12
151
2
318
232
206
176
353
16
2
52
18
65
104
1
19
"4*
'iii'
37
1
14
19
23
1
219
146
49
24
54
1
3
1
28
"2
12
5
51
. 11
5
154
17
26
1
5
39
7
7
2
4
6
"i2'
78
13
1
175
1
108
14
14
44
27
30
1
5
237
29
2
32
DETAILED ABSTRACT OP REPORTS OP U N I T E D STATES DISTRICT ATTORNEYS OP SUITS AND PROSECUTIONS UNDER T H E INTERNAL-REVENUE
DURING T H E FISCAL Y E A R ENDED J U N E 30, 1900—Continued.
Suits p e n d i n g J u l y 1,
1899.
Suits c o m m e n c e d duri n g t h e fiscal y e a r .
Suits s e t t l e d b y c o m promise.
Suits d e c i d e d i n favor
of t h e U n i t e d S t a t e s .
LAWS
Suits decided adversely
to t h e United States.
Judicial districts.
Criminal.
Wisconsin:
Eastern district
Western district
Wyoming
r
I n r e m . Cn i m.i al
Civil.
CrloiiIn rem. . nal.
2
6
Civil.
1
Total
4,870
548
5,858
244
73
65
Suits d i s m i s s e d , a b a n - S u i t s p e n d i n g J u l y 1,
1900.
doned, consolidated, etc.
Judicial districts.
Criminal.
Alabama:
Northern district
Middle district
Southern district
Alaska
Arkansas:
Eastern district
Western district.
Arizona
California:
Northern district
Southern district
Colorado
Connecticut
Delaware
D i s t r i c t of C o l u m b i a
Florida:
Northern district
Southern district
Georgia:
Northern district
Southern district
Idaho
3,745
27
165
81
21
18
,785
Criminal.
In rem.
17
8
In rem.
Civil.
Civil.
9
8
50 $33,625.01
4,200.00
2,475.00
$2,435.55
3,503.90
1,848.60
$484.09
24.97
$5L15
21.70
75
114
1,450.00
259.19
209.00
14
2,475.00
28,100.00
855.00
3
100.00
34.43
300.00
39.20
18,368.00
2.045. on
275.. 57
75.29
7
4
2
9
40
1
13
9
I n rem.
Fine-, etc.
1
Principal.
Costs.
P r i n c i p a l . Costs.
1,049
62
$636.00
$24.72
195.01
2,000.00
20
14
2
Costs.
2
. .
1
Civil.
A m o u n t of j u d g m e n t s r e c o v e r e d a n d costs t a x e d .
Sentences
suspended.
I n r e m . Criminal.
1
31
8
324
23
r
I n r e m . Cn i m.i al
206
115
4
Civil.
48
17
5
. . . . . .
I n r e m . C r i m i - 1 Civil.
nal.
1
4
3
Civil.
5
10
13
37
4.
22,500.00
3, om. 00
750.00.
149.65
CO
Illinois:
Northern district
•^
Southern district
Indiana
I n d i a n Territory:
Northern district
Central district
Southern district
Iowa:
Northern district
Southern district
Kansas
Kentucky
Louisiana:
Eastern district
Western district
Maine
Maryland
Massachusetts
Michigan:
Eastern district
Western district
Minnesota
Mississippi:
Northern district. . .
Southern district
Missouri:
Eastern district
Western district
Montana
.
. . .
Nebraska
Nevada
. .
New Hampshire
NewJersey
JS^ew Y o r k :
Northern district
Eastern district
Southern district
North Carolina:
Eastern district
Western district
. .
"North P a k o t a
<Ohio:
Nojthern district
Southern district
• Oklabom-a,.
. . .
'Oregon
ipennsylvania:
Eastern district
W e s t e r n di'^trict
itUiode I s l a n d
22
33
39
3
89
10
10
•zz,^.^.
7
23
9
50
1
12
3
27
5
2
1
3
10
21
2
.
.
542
675
72
142
9
13
12
16
3
9
6
. . . 12
. . . .
94
153
2
1
-
2
2,360.00
12,320.00
1,167.22
836.65
7,116.12
501.00
6,597.00
7,000.00
415.00
43,032.00
238.19
51,722.86
4,096.25
29.85
10,310.85
1,210.28
500.00
1
4
1
.1
2
6
30
3
4
143. 56
1,445.00
925. 00
220.00
... .
28.70
""'iso.'65'
17,905.00
7,400.00
4,965.66
6
1,766.00
b, 2 b 6 . i l
1
9
11.12
100. 00
2
50.00
1
21, 749.12
19,616. 68
1,030.00
95.00
750.00
925.00
60
166
.
2
5
4
91
324
30
6
374
4
36
224.75
14,436.48
15,756.94
399.93
15,947. 70
108.84
2,423. 35
298.18
5,162. 50
59.48
439.03
' 1,310.00
180. 90
4
99.36
74.17
66.00
1
6
1
1
21. 93
500.00
2,482.13
22.06
84
2
1
10
1
9
6
1
. . .
18
36
46
12
15
5
.
14
• 17
28
1
1
. . .
20
9
4
2
2
7
23
43
12
43
.
11
27'
9
3
7
1
2
2,000.00
501.00
58.40
771.71
41.11
ioo. 66
DETAILED ABSTRACT OF REPORTS OF UNITED STATES DISTRICT ATTORNEYS OF SUITS AND PROSECUTIONS UNDER THE INTERNAL-REVENUE LAWS
••
'
DURING THE FISCAL Y E A R ENDED JUNE 30, 1900—Continued.
Suits dismissed, a b a n doned, consolidated,etc-
Suits p e n d i n g J u l y 1,
1900.
Judicial districts.
Criminal.
25
3
South Carolina
South Dakota
• •
Tennessee:
;•
jEastern d i s t r i c t . ...-.•
Middle district
W e s t e r n distriot- Texas:
. . . . . . . .
Eastern district
.
Wp«?t,prn d i s t r i c t
Utah
Civil. Tn r e m C r i m i nal.
43
2
1
-
31
37
62
13
16
1
2
4
4
8
28
•
• •
1
Virginia:
•
Wisconsin:
•. • /
.-.....: —
....;.:.....:.
-
6
51
2
193
5
3
-1
•
5
132
3
215
Principal.
Costs.
$344.73
8,442.77
844.26
$181.68
861.17
83
22
27,000.00
23,050.00
4,430.00
$8,759.19
8,624.00
3,696.50
20
1
700.00
2,125.00
3,000.00
100.00
100.00
19,030.00
71.78
10,900.00
76.96
7,959.39
5.00
210.00
2
4,421
• 559
$181. 62
196.00
273.70
$19.50
162.45
49.35
41.15
1
24
2
1
P r i n c i p a l . Costs.
215.35
6
1
4
1
Costs.
$600.00
315.00
. . .
W e s t e r n d i s t r i c t . . ; -.
Washington^
In rem.
Civil.
Criminal.
Fines, etc.
Civil. I n r e m .
7
7
4
1
4
CO
A m o u n t of j u d g m e n t s r e c o v e r e d a n d costs t a x e d .
Sentences
suspended.
1
44
36
26
.•
CJT
o
n
o
12.50
90.82
2,287.29
w
61.66
136.58
1,054.00
7,890.73
26.70
>^
>
"A
Cl
T o t a l . : : ; - - .:^^.^.. : . . . . ^ : . . . - . : . . . . . . . . . . . .
1,696
•
33
12
70-
. . -637 340,364.39 168,375.82
45,657.78
5,409.75
13,168.88 1,199.71
COMMISSIONER OF INTERNAL
595
REVENUE.
OFFERS IN COMPROMISE.
. The following table shows the number of offers in compromise
and action thereon under section 3229, Revised Statutes, for the fiscal
year ended June 30, 1900, with the amounts of tax, assessed penalty,,
and specific penalty accepted :
Compromise
cases.
Amount Amountof Amountof
Offers
assessable
specific
accepted
of tax
penalty
penalty
Re- and sent 'accepted. accepted. accepted.
ceived, to Secretary for
approval.
Months.
On hand July 1.
July
August
September
October
November
December . :
1899.
481
259
245
186
157
142
137
1900.
January..
February.
March...:
April
May.
June
.;...:
;.::.:::::,
Offers rejected or withdrawn
:
Cases settled otherwise than by compromise.
On hand July 1,1900
,
211
•266
78
149
158
139110
135
146
139
93-
$4,811.57
345.00
440.30
155.44
8,400.00
1,723.26
160
117
112
144
1
153
263
348
121
Total .
$98.50
12.50
37. 50
.50
41.10
; 978.59
,
484.62
1,523.43
90.83
'"463.'56'
'2i."88'
- 8,405.50
9,370.00
10,345.00
7,638.40
4,586.91
12,915.00
27,265.71
2,369
125.83
341.04
$7,253.00
4,575.00
7,417.00
2,061.00
8,129.95
12,234,59
769.68
94,931.35
RECAPITULATION.
Tax
Assessable penalty
Specific penalty
Total
„
:
•...:
$27,265.71
769.68
94,931.35
.•
:
122,966. 74
SEIZURES FOR VIOLATION OF THE INTERNAL-REVENUE LAWS.
. Seizures of property for violation of internal-revenue laws were
made during the year ended June 30, 1900, as follows:
Quantity.
Articles.
Distilled spirits
Tobacco .. :
"-.:
Cigars
Miscellaneous property
Total
..gallons..
: . . rnimhAr
.pounds..
97,410
58,650
1,024,189
Value.
$53,117.00
8,246.00
11 616 73
237,868.76
310,848.49
Miscellaneous articles include fruit and grain distilleries, breweries,
cigar factories, teams, wagons, cigarettes, oleomargarine, etc.
596
REPORT
ON T H E
FINANCES
ABSTRACT OP SEIZURES OP PROPERTY FOR VIOLATION OP INTERNAL-REVENUE LAWS
FOR THE FISCAL Y E A R ENDED J U N E 30,
1900.
Distilled spirits.
Tobacco.
Cigars.
Miscellane-
states a n d Territories.
Gallons.
Alabama
Arkansas
California
(includes
Nevada)
Colorado ( i n c l u d e s
Wyoming)
Connecticut (includes
Rhode Island)
Florida
Georgia
Illinois
Indiana
Kansas (includes Indian Territory and
Oklahoma)
Kentucky
Louisiana
(includes
Mississippi)
Maryland
(includes
District of C o l u m b i a
and Delaware)
Massachusetts
Michigan
Minnesota
Missouri
Montana ( i n c l u d e s
Idaho and Utah) —
Nebraska ( i n c l u d e s
N o r t h a n d S o u t h Dakota)
N e w H a m p s h i r e (includes Maine a n d
Vermont)
New Jersey..
New Mexico (includes
Arizona)
New York
North Carolina
Ohio
Oregon
(includes
Alaska a n d Washington)
Pennsylvania
South Carolina
Tennessee
Texas
Vi r g i n i a
West Virginia
Wisconsin
Total
1,095
868
Value.
Pounds.
Value.
Number.
$594.00
1,130.00
Value.
erty.
113,598
3,029
$1,216.00
78.00
$9,113.25
2,950 00
6,134.00
393
443.00
232,975
3,180.00
281
478.00
79,500
800.00
128 00
858
1,472.00
7,397
338
751
8,300.00
82.00
590.00
4,000
118,439
13,833
26,250
18,000
32.00
2,223.00
208.00
167.00
390.00
417.00
1,262.00
80,402.00
404.00
420.00
2; 535
2,879.00
250
4.00
15.00
9,525.00
135
149.00
13,812
24L00
1,335.00
722
167
1,094.00
450.00
3,233
3,391.00
922
50
27,574
8,100
25.00
2.00
229.00
65.00
52,093.00
81
120.00
200
286.00
400
4.00
590.00
70
646
77.00
917.00
5,350
1,248,
54.00
15.00
476.00
67
399
63,164
527
122.00
397.00
21,310.00
802.00
2,122
44,241
48
8,625
15.00
323.00
.48
53.00
3,321.00
23,150.00
1,451
1,744
4,062
152
5,876
198
2,281.00
358.00
3,719.00
225.00
1,064.00
387.00
12,046
217,035
3,863
30
57,540
2,200
9,009
.100
260.75
1,116.00
49.00
2.00
713.00
25.00
124.00
2.50
10,470.06
493.00
8,380.00
5,013.00
27.00
9,910.00
.45
97,410
53,117.00
1,024,189
11,616.73
237,868.76
11,033 $3,755.00
•
1,967
128
47
16-
134.00
32.00
9.00
•
6.00
302.00
9,374.00
2,164.00
•
37,317 2,621.00
7,802
200
127
1,630.00
17.00
38.00
13
4.00
58,650
8,246.00
•
ABATEMEIST AND REFUNDING OF TAXES.
ABATEMENT CLAIMS.
On the first of July, 1899, there were pending 1,094 claims for abatement of assessed taxes, amounting to $500,746.80, and during the year
6,376 claims, amounting to $653,347.11, were presented. ..
Of these, 3,946 claims, amounting to $697,966.24, were allowed during the fiscal year, and 764 claims, amounting to $106,232.88, were
rejected or returned for amendment.
This left 2,760 claims for abatement pending on the 30th of June,
1900, amounting to $349,894.79.
Since that date and up to October 1^ 1900, 680 other claims have been
filed, amounting to $136,937.11, and 485 claims have been allowed,
COMMISSIONER OF INTERNAL REVENUE.
'597
amounting to $67,256.16, and 200 clairas rejected or returned for
amendment, amounting to$43,989.87; and on thefirst of October, 1900,
2,755 claims for abatement were pending, amounting to $375,585.87.
These numbers and amounts embra(3e both claims for abatement of
taxes erroneously assessed and claims for credit for taxes as uncollectible.
REFUNDING CLAIMS.
On the 1st of July, 1899, there were pending 5,172 claims for the
refunding of taxes collected, amounting to $739,050.34, and during the
year 4,190 other claims, amounting to $1,337,096.99, were presented.
Of these, 5,450 claims, amounting to $365,235.29, were allowed during
the fiscal year, and 1,162 claims, amounting to $1,140,983.65, were
rejected or returned for amendment.
Two thousand seven hundred and fifty claims for refunding were
pending July 1, 1900, amounting to $569,928.39. Since that date and
up to October 1, 1900, 1,224 other claims, amounting to $561,774.86,
have been received, and 1,556 claims, amounting to $549,239.25, have
been allowed, and 313 claims, amounting to $116,998.40, have been
rejected or returned for amendment. On the 1st of October, 1900,
2,105 claims for refunding, amounting to $465,465.60, were pending.
A large class of refunding claims arose under the decision of the
United States Supreme Court at the October term, 1899, in the case of
Knowlton et al.. Executors, v. Moore, Collector, for recovery of taxes
paid upon legacies. (Treasury decision No. 129.)
Another large class of claims arose under the opinion of the AttorneyGeneral rendered December 27, 1898, to the effect that tax-paid fermented liquors in possession of liquor dealers on June 14, 1898, when
the increase in the rate of tax took effect, were not subject to the
additional tax. (Treasury decision No. 20464.)
Another considerable class of claims arose under the opinion of the
Attorney-General rendered February 4, 1899, to the effect that the
undivided profits of banks are not taxable as capital. (Treasury decision No. 20681.)^
Another considerable class of claims from brewers arose under the
decision of the United States circuit court of appeals for the first circuit, fixing the time at which the act of Jul}^ 24, 1897, took effect as
six minutes past 4 o'clock p. m.
REAL ESTATE ACQUIRED BY THE UNITED STATES UNDER THE INTERNALREVENUE LAWS.
There are three ways by which the Government acquires title to real
estate under the internal-revenue laws:
1. By purchase on sales under distraint b}^ collectors.
2. By purchase on sales by marshals under execution.
3. By judgment of forfeiture.
The Commissioner of Internal Revenue has charge of all real estate
so acquired, and. is authorized, with the approval of the Secretary of
the Treasury, to sell, at public vendue, such real estate.
598
REPORT ON T H E FINANCES.
The following is a statement of the tracts or lots of land held by the
United States under the internal-revenue laws on the 30th day of
June, 1900:
Number
of tracts
or lots of 1
land.
District.
Alabama..
Arkansas
Florida
Georgia
Illinois, Eighth district
Kentucky:
Seventh district
Eighth district
Louisiana
27
2
1
18
1
..
1
1
7
Number
of tracts
or lots of
land.
District.
1
35
Missouri, First district
North Carolina, Fifth district
Tennessee:
Second district
Fifth district
Texas, Fourth district
Virginia, Sixth district
12
27
2
1
Total
136
Five sales of real estate were made during the fiscal year 1899-1900
and quitclaim deeds were executed to the purchasers.
In nineteen cases, after investigation, the property was found to be
valueless to the United States by reason of defective title, etc., and the
records were amended to show that the cases were finally disposed of.
Four suits in ejectment were instituted during the fiscal year ended
June 30, 1900—three in Alabama and one in Kentucky.
The United States acquired title to real estate in nine cases during
the fiscal year.
MONEYS PAID TO COLLECTORS.
The following is a statement of the amounts paid to collectors arising
from fines and penalties, proceeds of in rem cases, costs, and in settlement of cases by compromise during the fiscal year ended June 30,
1900, as reported by clerks of courts (Form 158) and by collectors of
internal revenue:
AMOUNTS P A I D TO COLLECTORS DURING THE FISCAL YEAR.
Alabama
Arkansas
'.
California:
First district
Fourth district.
Colorado
Connecticut
Florida
Georgia
Illinois:
First district
Fifth district
Eighth district
Thirteenth district
Indiana:
Sixth district
Seventh district
Iowa:
Third district
Fourth d i s t r i c t . . ,
Kansas
Kentucky:
Second district
Fifth district
Sixthdistrict
Seventh district
Eighth district
Louisiana
Maryland
Massachusetts
In rem
cases,
proceeds.
Compromise.
Total.
$325.31
$1,496.72
1,519.00
$2,-316.24
1,683.63
56.45
10.55
49.70
58.40
160.07
338.77
2,038.45
3,150.84'
600.45
481.74
108.18
1,844.52
3,162.15
3,161.39
650 15
640 14
1,359 68
2,616.41
1,395.00
800.00
842.10
2,095.00
436.34
363.33
522.38
605.17
5,577.00
281.27
27.00
58.00
7,408.34
1,444 60
1,391.48
2,758.17
280.00
50.00
740.24
55.07
2,027.89
159.63
3,048.13
264.70
851.00
286.39
• 35.00
Collection district.
274.51
69.57 •
^
1,619.64
31.50
328.05
2,470.64
592.40
432 62
1,905.42
13,693.40
• 419.68
621.02
174.22
219.34
2,156.00
4,358.47
2,082.42
13,693.40
419 68
621 02
449.61
615 79
3,081.00
4,677.24
Fines, etc.
$494.21
164.63
25.00
1,091.43
433.12
$1,042.25
100.00
111.00
'....
228.81
165.00
925.00
270.00
Costs.
66.00
46.58
231.45
48.77
COMMISSIONER OF I N T E R N A L R E V E N U E .
599
•AMOUNTS P A I D TO COLLECTORS DURING THE FISCAL YEAR—Con tu ided.
Collection d i s t r i c t .
Fines, etc.
Michigan:
First district
F o u r t h district
Minnesota
Missouri:
First district
....
Sixth district
Montana .
Nebraska
New Hampshire
Nevv J e r s e y :
First district
Fifth district
New Mexico
New York:
First district
Second district.,
.
,
. . .
Third district
F o u r t e e n t h district
Twentv-first d i s t r i c t
Twenty-eighth district
North Carolina:
F o u r t h district
Fiftbdistrict
:. .. . :
Ohio:
Firstdistrict
T e n t h district
Eleventh district
E i g h t e e n t h district
Oregon
Pennsj'^lvania:
First district
N i n t h district
. ....
Twelfth district
Twenty-third district
. . . .
South Carolina
Tennessee:
Second district
Fifth district
Texas:
Third district
F o u r t h district
Virginia:
Second district
Sixth district
West Virginia
.
Wisconsin:
Firstdistrict
.. :
Cost.s.
Compromise.
Total.
$20. 90
400.00
$166.04
$5.00
1,283.46
3,881.22
$191.94
1,683.46
3,881.22
10; 00
400.00
40.00
669. 38
270.00
645.00
14.40
107.82
1,981.14
672.56
1,750.00
1,152.50
3,852.40
2,031.14
1,741.94
1,750.00
1,436. 90
4,605.22
14.30
47.55
238.11
3,842.00
245.00
238.11
3,856.30
292.55
926.00
$1,138.54
8:60
450.00
100.00
210.00
50.00
16.65
5.00
3,493.00
6, 387.68
6,007.22
352.91
783.26
350.00
5,566.14
6,387.68
6,478.87
452.91
993.26
400.00
419.31
3, 741.40
2,449.29
4,791.38
7,504.82
9,241.78
13,183.21
962.32
868.07
257.17
677.50
915.34
962.32
868.07
257.17
911.54
915.34
•.7,09.00
2,809.79
74.17
159.87
2,000.00
585.-71
.5,471.50
140.20
• 296. 50
5,297.41
1,207.66
8,057.21
140.20
296.50
5,'297.41
1,412.66
49.50
5,753.63
1,200.00
600.27
4,238.15
7,573.91
262.60
88.00
296.61
188.00
1,221.71
205.00
2,988.65
1,196.61
23.40
100.00
662.50
100.00
1,599.93
372.00
•
478.79
9,580.98
1,053.26
76.96
1,421,80
301.83
6,559.25
560.00
41.15
3,074.13
265.00
3,120.28
365.00
20,073. 66
13,175.64
122,509.85
172,392.16
120,041.60
121.26
5.00
100.00
26,836.24
*105,951.62
Total
T o t a l for fiscal y e a r 1899
In rem
cases,
proceeds.
2,972.41
914.34,
.
•Thisamount included sums received in compromise cases, reported under separate heading for
fiscal year ended June 30, 1900.
SALES UNDER SECTION 3 4 6 0 , REVISED STATUTES.
Th3 following amount was realized from sales of property seized
for violation of the internal-revenue laws by collectors, under section
3460, during the past fiscal year:
Gross s u m . . . .
Expenses
:
:
Net
-
:
$72,144.29
^0,502. 85
11,'641.44
STATEMENT SHOWING, BY COLLECTION DISTRICTS, THE ACTUAL NUMBER OP THE DIFFERENT K I N D S OP SPECIAL-TAX PAYERS FOR THE FISCAL
Y E A R ENDED J U N E 30, 1900; ALSO THE NUMBER OP BILLIARD TABLES AND BOWLING ALLEYS FOR WHICH SPECIAL T A X WAS P A I D POR THE
SAME PERIOD.
[The figures in the following table represent the actual number of persons or firms as returned to this office by the collectors of the several collection districts who, during
the fiscal year 1900, were engaged in business for different periods of time, varying from one month to twelve months each.]
6
t
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o
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Collection d i s t r i c t s .
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1
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Alabama
Alaska
Arizona
Arkan.sas
California:
First district
Fourth district
Colorado
Connecticut
Delaware . . .
D i s t r i c t of C o l u m b i a . .
Florida
Georgia .
Hawaii
Idaho
Illinois:
First d i s t r i c t . . ..
Fiftbdistrict
E i g h t h district
Thirteenth district
Indiana:
Sixth district
Seventh dtstrict...
I n d i a n Territory
Iowa:
Third district
Fourth district
13
1^
^
1
3
1,192
178
972
765
133
9
14
25
5
17
1
15
9,772
3,525
2,883
3,332
408
960
499
1,233
423
70
77
62
5
27
14
34
794
243
31
24
17
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64
5
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31
5
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1
219
1
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56
80
48
21
21
5
5
1
5
210
55
149
121
41
50
75
165
130
60
122
145
15
20
20
34
20
12
11
57
28
1
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33
396
75
198
378
33
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380
50
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4
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18
13
20
4
45
14
18
4
191
17
76
16
1,705
155
454
172
91
5
14
14
710
103
275
193
224
47
179
110
6 2,368
117
123
83
1
16
5
4
313
106
25
4
3
5,104
2,543
82
59,
26
37
19
40
18
2
47
22
1
556
189
8
31
16
430
203
58
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85
5
5
3
2,196
1.959
32
34
1
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25
25
26
67
414
387
8
15
257
208
278
127
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7
57
43
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86
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3
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6
429
99
7
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1
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254
6
33
47
15
51
50
126
19
1
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1
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3
15
1
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1
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100
6
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29
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12
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2
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1
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4
55
164
190
72
149
359
27
44
93
142
i
2,135
260
1,289
1,652
21 13,772
2 4,615
7 6,237
9 6,567
874
3
1,748
7 • 1,743
2,607
4
1
1
1
1
62
1 165
298 6,473
544
135
428 1,177
493
156
368
26
85
21
532
31
97
7
8
86
15
22
6
2
3
1
252
123
237
102
27,400
2,488
1 5,356
3,173
2
360 2,794
845
138
172
59
103
18
105
33
4
1
50
31
4
5
1
5
383
178
35
3
2
695 1,579
614 1,062
54
66
32
46
13
28
5
7
154
368
44
6
6
9
2
1
3
1
0
rfl
m
231 1,510
2
569
1 • 102
1
129 1,793
112 1,671
210
29
347
34
321
59
344
3
226
1
63
2
3
9
25
6
10
14
1
8
2
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19
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132 13,537
11 1,105
7 2,138
9 1,757
1
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2
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14
11
28
11
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169
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6 10,704
3 4,483
460
2
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5,780
5,041
o
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Kansa,s
Kentucky:
Second district...
Fiftbdistrict
Sixth district
Seventh district..
E i g h t h district
Louisiana
Maine
,
Maryland
Massachusetts
Michigan:
First district
F o u r t h district
Minnesota
Mississippi
Missouri:
First district
Sixth district
Montana
Nebraska
,
Nevada
New Hampshire . . . . . .
New Jersey:
First district
Fifth district
New Mexico
New York:
First district
Second district
Third district.....
Fourteenth d i s trict
Twenty-first d i s trict
Twenty- e i g h t h
district
North Carolina:
Fourth district
Fifth district
North Dakota
Ohio:
Firstdistrict
T e n t h district
E l e v e n t h district .
Eighteenth d i s trict
2
2,727
15
34
274
3
80
30
6
860
75
9
275
14
285
16
305 -•••7
2
88
35
8
11
22 " " 2 2
95
59
26
53
25
144
111
23
3
115
77
548
621
2
21
4
1
1
9
5
28
56
23
32
10
39
260
107
270
16
1
10
35
90
74
99
74
385
76
48
60
700
374
498
4
70
20
94
112
305
663
22
91
933
507
90
35
28
2
14
35
27
15
37
3
1
703
310
41
220
2
57
38
16
23
23
6
5
198
328
86
196
2
190
207
159
36
304
19
67
2
21
5
16
12
35
3
206
668
15
8
41
2
61
235
9
144
193
33
61
323
150
4
40
47
35
56
86
1,469
2,110
61
3
45
99
9
82
91
?3
79
25
744
1,331
657
618
468
4,239
1,191
3,869
4,680
3,962
2,938
5,109
505
28
36
82
10 " 2
14
7
8
2
15
13
39
11
4,498
3,317
1,499
2,172
575
1,362
55
89
39
35
6
34
16
1,989
7,557
829
169
128
32
125 " ' 4
49
27
• 16
106
15
102
1
214
26
109
13
7,350
2,424
6,316
100
437
192
'"'36
3
1
""'i
452
2
201
1
8
531 1,050
59
45
1
132
118
162
66
117
33
119
69
66
38
537
81
633
113
850
143
347 4,324
4
22
13
42
10 • 14
1
1
61
199
43
43
100 124
441 . 367
320 1,321
213 1,120
530 10,275
96
115
248
84
2
3
3
4
6
26
1
1
4
11
11
1
62
..
..
11
9
175
201
25
23
""i
15
203
55
25
1
176
24
112
100
5
1
77
378
21
1
8
1
3
3
•
5
3
5
1
3
7,786
16
12
55
754
62
147
69
26
104
651
41
64
111
30
20
58
679
57
118
134
1
1
'""4
32
71
1
18
8
50
17
90
15
3
17
8
38
18
34
86
20
11
625
311
251
5
10
4
1
5,868
1
1
?98
4,377
1
422
•525
4,407
3,545
2,423
11
33
1
1
1
223
54
4
514
76
435
34
88
43
32
19
58
143
81
77
199
19? ' " 2
5
1
8
269
2
103
66
5
5
3
850
57
5,651
2,181
2,715
1,398
1,396
746
5,873
2,654
7,392
12,639
1
1
27
15
15
38
11
22
10
144
2
1
3
7
34
83
31
86
164
212
289
40
56
122
10
10
53
91
218 '"'3
1
86
29
15
49
22
3
3
7
1
222
184
303
72
10
3
10
7,263 •
5,877
18,648
1,003
247 1,362
427 1,168
528
59
533 1,442
13
69
74
545
97
110
19
93
4
34
168
.191
14
102
4
2
26
47
11
28
3
1
1
6
11
10
23
9
3
139
227
116
314
22
127
8,164
6,597
2,493
5,608
718.
2,546
77 1,181
96 3,482
260
39
15
68
13
21
4
3
19
4
3
1
' 1
141
137
53
3
16
33
25
121
2
204
31
77
19
10
^3
72 3,323
9
35
450
610 1,534 1,202
55 2,399
29
88
"i
'2U
.1
5
4
13,169
1,288
13,044
8,020
12,059
167 2,600
82
65
1
27
2
166
11 12,281
197 1,867 :
78
84
3
53
1
165
13
1
182 2,255
97
96
1
35
3
257
8 10,025
3
1
42
140
4
4
1
3
20
75
1,818
814
1,360
25
1
20
33 '"'4
130
50
165
1
70
282
211
458
38
..
..
7
3
1
1
2
82
47
404
'"21
81
32
12
4
13
4
110 1,688
222 1,639
166 1,130
66
33
18
118
31
34
1
14
3
4
7, 987
8,555
6,508
5,092
157
56
4
38
33
45
1
1
1 488
705
12 10,586
2
48
270 2,456
255
35
70
66
a T h e figures in this column represent the number of billiard tables and bowling alleys, and not the number of persons or firms, The former, however, are included
in the total column.
Or
STATEMENT SHOWING,
BY COLLECTION DISTRICTS, THE ACTUAL NUMBER OP THE DIFFERENT K I N D S OP SPECIAL-TAX. PAYERS FOR THE FISCAL
Y E A R ENDED J U N E 30, 1900, ETC.—Continued.
xi
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Collection d i s t r i c t s .
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1
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112
274
13
46
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106
49
37
1,716
2,099
334
28
2
143
39
6
6
4
36
2
7
8
778
58
8
55
21
256 " 2 8
7
51
27
38
2
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1
30
26
2
7
12
8
3
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93
51
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30
8 1,763
463
3
28
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232
178
208
15
10
40
76
106
71
4
3
60
30
96
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24
13
29
95
129
33
8
4
58
101
144
13
91
5,532
1,252
4,719
210
33
57
2
88
24
3,996
1,841
446
823
181
43
3
5
2
5
19
374
1,434
6
46
9
6
6
1,714
1,338
531
• 442
32
24
12
1
3
4
16
7
1,608
1,026
25
11
6
6
108
1,584
1,379
53
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98
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55
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80
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227
44
8
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114
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9,206
3,226
1,197
1,908
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56
2
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774
2,638
3
1,221
2,493
27 10,235
4 4,648
7 6,681
1
388
316
51
8
12
4
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9
2
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334 1,887 170 172
49
41
84
547
20 130
130
102
5
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479 • 18
22
72
1
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11
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3
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164
264
14
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106
33
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225
236
48
69
575
581
278
309
47
49
56
23
15(1
82
9
19
22
3
31
18
11
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1
1
1
1
123
144
2
97
12
2
76
5,192
3,212
1,112
1,274
62
93
319
192
22
3
89
19
18
22
1
1 ' 76
1
64
7
1
2,845
1,870
4
5
113
125
10
865
327
164
38
32
39
31
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'0
P bo
i
3
12
8
47
3
0 fl
2
569
1,435
1
ei
i
ft
_fl
•S
0
0
111
6
'c3
1
^
OJ
o
ft
^
li
CO
23
CO
'fl .
fl o
S
o
1
cr
C
O
Oklahoma
Oregon
Pennsylvania:
First district
Ninth district.....
Twelfth district...
T w e n t y - t h i r d district
Rhode Island . . .
South Carolina
South Dakota . . . .
Tennessee:
Second district
Fifth district
Texas:
Third district
F o u r t h district
Utah
;...........
Vermont
. .
Virginia:
Second district
Sixth district
Accomac' a n d
Northampton
c o u n t i e s (ann e x e d to Maryland)
Washington
West Virginia
-
1
6
fl
o
bo
5
I
5
167
242
2
135
3,319
2,883
o
l^0
Wisconsin:
First district
. .
Second district
Wyoming
49
8
5,693
3,562
332
76
20
3
Total
2,090 207,525 4.S09
T o t a l for fiscal y e a r
e n d e d J u n e 30, 1899. 1,907 199,729 4,496
3
16
177
23
9
1
52
44
3
655
289
12
•93
:78
•5
273
247
51
124
139
21
18
2
13
129 1,723
228 1,192
31
201
1
3
65
53
•
7
62
19
2
1
10
11
3
2
2
195
207
17
5
1
9 268
6,291
702
30 5,818 1,278 2.4Sfi 26,329 1,816 12,'716 7,730
27 9,068 203
6
2
115 13,325 86,807 6,323 6,781 562 1,872 169 10,762 1,436 410,028
32 5,472 1,273 2,753 27,300 1,959 12,327 7,275
17 6,722 164
5
1
152 12,804 72,073 6,423 7,639 595 1,741 233 9,167
706 382,965
a T h e figures in this column represent the number of billiard tables and bowling alleys, and not the number of persons or firms. The former, however, are included
in the total column.
NOTE.—In the case of retail dealers in oleomargarine, the number of places where oleomargarine is sold or offered for sale is sometimes in excess of the number of
persons who pay special taxes as retail dealers in oleomargarine. This is accounted for from the factthat one retail dealer in some cases pays more than one speeial tax for
the privilege of offering oleomargarine for sale at more than one store or place of business.
O
O
GQ
CO
M
O
bd
O
5^
>
<!
bd
a
CO
604
EEPORT ON THE FINANCES.
DECISIONS IN THE UNITED STATES SUPREME COURT.
LEGACY TAX CASES.
Eben J. Knowlton et al., Executors, etc., plaintiflEs in error, v. Frank
R. Moore, Collector, etc.
The Fidelity Insurance, Trust, and Safe Deposit Company, Executor,
etc., plaintiff in error, v. Penrose A. McClain, Collector.
Shirley T. High et al., appellants, v. F. E. Coyne as Collector, etc.,
et al.
;
George T, Murdock, Executor, etc., plaintiff in error, v. John G.
Ward, Collector, etc.
George D. Sherman, plaintiff in error, v. The United States.
These test cases were decided in the United States Supreme Court,
May 14,1900.
The contention was that the legacy tax was unconstitutional upon the
following grounds:
{V\ That it constitutes a direct tax.
(2) That it is not uniform for the reason that it exempts from its operation legacies
under the value of $10,000, and because it provides for a progressive tax, and is invalid
on other grounds of inequality and want of uniformity.
(3) That the right of inheritance is a privilege or franchise within the exclusive
power of the State to grant and regulate and not subject to abridgment or taxation
by the General Government.
Another point involved was that the tax does not attach to any
individual legacy unless such legacy exceeds the sum of $10,000.
Under the provisions of section 29 of the act of June 13,1898, it was
held by this office that the tax attaches to eveiy legacy, however small,
arising from personal property passing after the passage of the act into
the possession or enjoyment of the legatee, and ''arising from personal
property where the whole amount of such personal property as aforesaid shall exceed the sum of $10,000 in actual value."
The decision of the Supreme Court sustained the constitutionality of
the law. (Treas. Dec. (1900), Int. Rev. No. 129.)
The tax was held not to be a direct tax within the meaning of the
Constitution, but, on the contrary, a duty or excise. The uniformity
clause of the Constitution was held to relate only to geographical uniformity. I t was held that legacies not exceeding $10,000 were not
taxable, and that the rate of tax was progressively increased by the
amount of each separate legacy or distributive share, and not by the
whole amount of the personal estate of the deceased from which
the legacies or distributive shares were derived.
This decision operates to lessen considerably the estimated amount
of tax which will be realized from section 29 of the act of elune 13,
1898. I t also makes it necessary to refund a considerable amount.
In the cases of Murdock, Executor, v. John G. Ward, Collector, and
Sherman v. The United States, it was held that legacies consisting of
United States bonds were subject to tax.
STAMP TAX ON EXPRESS PACKAGES.
;
The Supreme Court decided April 16, 1900, the cases of the American Express Company v. Michigan, and Crawford v. Hubbell, treasurer of Adams Express Company, involving the question whether the
shipper or the carrier shall pay for the stamp which the war-revenue
COMMISSIONER OF INTERNAL REVENUE.
605
act requires on receipts of goods accepted for carriage and transportation.
The cases arose from an eff'ort to compel express companies to accept
packages for transportation without requiring the shipper to provide
or pay for a revenue stamp in addition to the usual or ordinary charges
that existed before J u l y 1, 1898, when the act went into effect.
The following is a statement of the points involved:
First. Does the war-revenue act of June 13, 1898, impose upon the carrier exclusively the tax represented bythe stamp tobe attached to each bill of lading, manifest,
or other evidence of receipt required to be issued to each shipper of goods accepted
by the carrier for transportation, or does it impose the tax merely upon the transaction of the shipment, leaving it to be paid indefinitely by either party thereto?
Second. If the war-revenue act of June 13,1898, does impose such tax exclusively
upon the carrier, does it preclude the carrier who is by such act required to issue to
each shipper a bill of lading, manifest, or other evidence of receipt, from relieving
itself of the expense of affixing and canceling the stamp required to be attached to
such bill of lading, manifest, or other evidence of receipt?
The court held that express companies are not forbidden to shift the
burden of the stamp tax by an increase of rates which are not unreasonable. (Treas. Dec. (1900), Int. Rev. No. ICO; 177 U. S., 404.)
J O H N T. BOSKE, S H E R I F F OF KENTON COUNTY, K Y . , V. DAVID N. COMINGORE.
This case was appealed from the decision of the United States district court for the aistrict of Kentucky. I t was decided in the United
States Supreme Court April 9, 1900. The judgment of the district
court was affirmed, and the position of this Office sustained.
The following points were established:
The reports made by a distiller, or by storekeepers or other ofiicers, to a collector
under the internal-revenue laws, are in no sense pubHc records, but are executive
documents which the United States, in its sovereign capacity, has acquired for the
sole purpose of administering its own governmental affairs, and are its private property, the custody and use of which the Secretary of the Treasury has the lawful
authority to control by proper regulations.
Under Revised Statutes, sections 161, 251, 321, a regulation promulgated by the
Commissioner of Internal Revenue, under the direction of the Secretary of the
Treasury, prohibiting collectors from producing the records of their ofiices, or
furnishing copies thereof, for the use of third persons, or for use as evidence in
behalf of litigants in any court, is a valid and binding regulation; and neither a State
nor a State court has authority to require a collector to violate it, or to punish him
for contempt because of his refusal to produce such records, or to testify to their
contents.
There is no statute of the United States requiring or permitting a collector of
internal revenue to make or certify copies of reports on file in his ofiice, and a
State has no authority, either in its sovereign capacity or as a litigant, to impose such
duty upon him.
The court said:
Tlie' papers in question, copies of which were sought from the appellee, were the
property of the United States, and were in his official custody under a regulation
forbidding him to permit their use except for purposes relating to the collection
of the revenues of the United States. Reasons of public policy may well have
suggested the necessity, in the interest of the Government, of not allowing access
to the records in the offices of collectors ot internal revenue, except as might
be directed by the Secretary of the Treasury. The interests of persons compelled,
under the revenue laws, to furnish information as to their private business affairs
would often be seriously affected if the disclosures so made were not properly
guarded. Besides, great confusion might arise in the business of the Department if
the Secretary allowed the use-of records and papers in the custody of collectors to
606
REPORT ON THE FINANCES.
depend upon the discretion or judgment of subordinates. At any rate, the Secretary
deemed the regulation in question a wise and proper one, and we can not perceive
that his action was beyond the authority conferred upon him by Congress. Ih determining whether the regulations promulgated by him are consistent with law, we
must apply the rule of decision which controls when an act of Congress is assailed
as not being within the powers conferred upon it by the Constitution—-that is to say,
a regulation adopted under section 161 of the Revised Statutes should not be disregarded or annulled unless, in the judgment of the court, it is plainly and palpably
inconsistent with law. Those who insist that such a regulation is invalid must make
its invalidity so manifest that the court has no choice except to hold that the Secretary has exceeded his authority and employed means that are not at all appropriate
to the end specified in the act of Congress.
In our opinion, the Secretary, under the regulations as to the custody, use, and
preservation of the records, papers, and property appertaining to the business of his
Department, may take from a subordinate, such as a collector, all discretion as to
permitting the records in his custody to be used for any other purpose than the collection of the revenue, and reserve for his own determination all matters of that
character. (Treas. Dec. (1900), Int. Rev. No. 104; 177 U. S. R., 459.)
DECISIONS IN THE. UNITED STATES CIRCUIT AND DISTRICT COURTS, AND
IN THE UNITED STATES CIRCUIT COURT OF APPEALS.
DISCOUNT ON BEER STAMPS.
WM. GERST B R E W I N G CO. V. D. A. NUNN, COLLECTOR OF I N T E R N A L
TENNESSEE,
REVENUE, P I F I H
DISTRICT OP
A suit was brought by William Gerst, trading under the name and
style of Wm. Gerst Brewing Company, to recover from Collector
D. A. Niirin, fifth district of Tennessee, the sum of $810.75. In this
case an order was given to Collector Nunn for stamps, July 23, 1897.
July 24, about 9 o'clock in the morning, the stamps were furnished,
the discount of 7i per cent being allowed in accordance with the provisions of section 3341, Revised Statutes. The President signed the
Dingley Act, which repealed the discount (act of July 24,1897), about
four minutes past 4 in the afternoon. The Gerst Brewing Company was
assessed $810.75, being the amount of discount which was allowed on
that day. It was contended on behalf of the Government that the
Dingley Act repealing the provision allowing the 7 i per cent discount
became operative from the first moment of the day of its approval,
that is, on and after midnight of July 24,1897. I t was also contended
that the Gerst Brewing Company was not entitled to the 7 i per cent
discount because the purchase of stamps by a brewer does not pay the
tax, the tax being paid only when the stamps are placed on the barrels
for the purpose of putting the product on the market, and that before
the stamps were thus used the law allowing the discount was repealed.
Both contentions were decided adversel}^ to the Government, and the
case was carried by writ of error to the United States circuit court of
appeals. That court gave a decision against the Government February
12, 1900. (99 Fed. Rep., 939.)
NASSAU BREWING CO. V. MOORE, COLLECTOR. INDIA WHARF BREWING CO. V. SAME. OGHS V. SAME.
JOSEPH FALLERT BREWING CO., LIMITED, V. SAME.
(CIRCUIT COURT, EASTERN DISTRICT OF NEW
YORK. OCTOBER 6, 1899.)
These salts by brewing companies against the Collector of Internal
Revenue were of the same character, and were decided against the
COMMISSIONER OF INTERNAL R E V E N U E .
Government (97 Fed. Rep., 206).
the opinion of the court:
607
The following is an extract from
When the Government of the United States, following the practice observed by it
or many years, sold at a deduction of 7J per cent a stamp of the denomination of
$1, and assured the purchaser that the stamp was worth a whole dollar for the purpose of paying taxes, such stamp should have a tax-paying power equal to the
highest obligation issued b}^ the Government; and if, after such sale, the purchaser
used the stamp in his business, he should be deemed to have fulfilled every obligation resting upon him, and to have perfected the right initialed by his purchase.
F R E D E R I C K E . COYNE, COLLECTOR O F I N T E R N A L R E V E N U E F O R T H E F I R S T DISTRICT O F I L L I N O I S ,
P L A I N T I F F I N E R R O R , V. M A N H A T T A N B R E W I N G COMPANY.
The point in this case was the same as in those above mentioned.
The case was taken to the United States circuit court of appeals
and a decision was rendered at the May session, 1900, as follows:
Before Woods and Jenkins, circuit judges, and Bunn, district judge, per curiam:
This case is not essentially different from that of Nunn v. William Gerst Brewing
Co. (99 Fed., 939), recently decided by the United States circuit court of appeals for
the sixth circuit.
The judgment below is affirmed.
This office decided not to contest the nciatter any further, but
accepted the decision of the court in these cases. (Treas. Dec. (1900),
Int. Rev. No. 175.)
STAMP-TAX ON DRAMSHOP BONDS GIVEN BY SALOON KEEPERS UNDER
STATE LAWS.
UNITED STATES V.
AMBROSINI.
Under the laws of the State of Illinois and the ordinances of the
city of Chicago it is necessaiy fpr a party making application for
license as saloon keeper to file with the city collector a bond. The case
of United States 'y. Ambrosini involved the question as to whether the
Government can require such bonds to be stamped under the war-revenue act of 1898. I t was claimed by the defendant that the taxation'
b}^ the Government of bonds issued in the exercise of the licensing
power of the city and State might become burdensome and deprive the
State of its power in its sovereign capacity to regulate the licensing of
occupations and carrying out its police and revenue regulations.
This case was decided in favor of the Government. Judge Seaman
overruled the motion to quash the indictment, holding that the bond
was '
,
• , "
* * * In no sense the act or obligation of the public or of a representative of the
public, but is the applicant's individual undertaking to obtain a personal privilege,
and as such is certainly not an immune in respect of stamp duties required of other
citizens executing personal bonds or obligations. Neither the State nor its administration is affected directly or indirectly by the tax so irhposed, as the bond must be
executed and stamped when tendered; and, if in any view an instrumentality of the
State, it becomes such only when fully executed. (Treas. Dec. (1900), Int. Rev.
No. 40.)
When the case was tried Judge Kohlsaat concurred in the opinion of
Judge Seaman and the defendant was found guilty.
The defendant appealed and the case is now pending in the Supreme
Court.
Another case was brought in the United States district court, eastern
judicial district of Missouri, entitled '^ United States v. J . .L. Owens,"
in which the same question was involved. The chief point advanced,.
608
REPORT ON THE FINANCES.
b}^ the defendant was that to permit the Federal Government to tax
such bonds would be an interference with the exercise by the State of
its ordinary instrumentalities.
This case was decided against the Government, the court holding
that the bond was one of the conditions of granting a license and was
an instrumentality einployed by the State to enforce its laws enacted
in the exercise of its police poAver and not liable to stamp duty. (100
Fed. Rep., 70.)
STAMP TAX
ON B O N D
O F A NOTARY
PUBLIC.
WARWICK V. B. B E n : M A N N , COLLECTOR OF INTERNAL REVENUE, FIRST DISTRICT OF OHIO.
The plaintiff in this case was a notary public of the State of Ohio.
He was required by the laws of the State to file a bond in the sum of
$1,500, conditioned for a faithful performance of the duties of said
office. He was requiTed by the rulings of this office to affix an internalrevenue stamp of the denomination of 50 cents to such bond, under
Schedule A, act of June 13, 1898. He paid the stamp tax and instituted a suit against the collector for its recovery, claiming exemption
on account of the provision of section 17 of said act, which is as follows:
That it is the intent hereby to exempt from the stamp taxes imposed by this act
such State, county, town, or other municipal corporations in the exercise only of
functions strictly belonging to them in their ordinary governmental, taxing, or
municipal capacity.
The court held that the tax collected was a tax on his right to qualif 3^,
in conformity with the law of Ohio, for the office to which he had
been appointed, and was a restraint upon his duty to qualify, which
might be made practicalh^ prohibitive, and was a restraint upon the
State in the exercise of its functions in the appointment and qualification of its officers and agents for ordinary governmental purposes,
and, therefore, illegal. (102 Fed. Rep., 127.)
As this was an important constitutional question, and involved the
question of the tax on bonds of all State officers, the case has been
taken to the United States circuit court of appeals.
STAMP T A X
ON
J . B . FLESHMAN &. CO. V. P . A. M ' C L A I N ,
STOCK
TRANSACTIONS.
COLLECTOR, FIRST DISTRICT OF PENNSYLYANIA.
A suit was instituted against P . A. McClain, collector for the first
district of Pennsylvania, by J. B. Fleshman & Co., brokers, for the
recoA^ery of certain stamp taxes, amounting to $5,627.90, collected from
them pursuant to instructions from this office. The assessment against
Fleshman & Co. was for failure to stamp memoranda of stock transactions under Schedule A, act of June 13, 1898, and was made under
the ruling in Treasury Decisions, No. 21275, viz:
In the case of every agreement to sell at a bucket shop there is both a presumptive
buyer and a presumptive seller, and this is true whether the customer agrees to sell
stock to the manager of the place or the manager of the place agrees to sell stock to
the customer. In either case a memorandum of the agreement must be made and
stamped.
Where an agreement of sale has been made and no delivery of stock takes place,
and the party holding the agreement of sale wishes to close the transaction by disposing of Ms injterest io. said, agreement, and settles with the holder of the contract
COMMISSIONER OF INTERNAL REVENUE.
609
by paying the difference between the agreed price and the market price, in contemplation of law there is an agreement to resell the shares to the original seller,
which must be evidenced by'a written memorandum, to which a stamp must be
affixed according to the par value of the stock so resold.
This case was decided against the Government upon the ground that
the taxes under consideration, being stamp taxes, were not properly
assessable. A writ of error was taken to the United States circuit
couTt of appeals.
STAMP TAX
ON
CALLS.
A suit Avas instituted in the southern district of New York by S. V.
White against Charles H. Treat, collector of internal revenue for the
second district of New York, to recover $604 paid by the plaintiff as
stamp tax on stock transactions denominated as ''calls." This tax was
collected in accordance with an opinion rendered by the AttorneyGeneral April 27, 1899, that they were liable under Schedule A, act
of June 13, 1898. (Treasury Decisions, No. 21151.)
The decision of the United States circuit court was rendered March
1, 1900, against the collector. ' ' T h e transaction evidenced by the
memorandum submitted," said Judge Lacombe in his opinion, " i s not
a sale or a contract of sale, nor an agreement of sale. If some one
entitled to make the call does within the time limited agree to buy the
offered stock at the price named, then by a new contract, then first
made, a sale is effected." (100 Fed. Rep., 290.)
The case Avas taken to the United States circuit court of appeals and
certified to the United States Supreme Court, where it is now pending.
STAMPS ON B I L L S O F
LADING.
UNITED STATES V. NORTHERN PACIFIC RAILWAY COMPANY.
Complaint was made against the Northern Pacific Railwa}^ Company
and Frank M. Fairbanks, its agent, for refusal to affix a 10-cent stamp,
as required by the act of June 13,1898, to certain export bills of lading.
The company declined to pay this tax, alleging that Congress could
not lay duties on exports, and that a tax on a bill of lading given for
exports was a tax on the export itself.
The case Avas tried in the United States district court at Minneapolis,
Minn., before.a jury, and a verdict of guilty was rendered against both
the company and its agent. The court thereupon imposed a fine of
$25 upon each of the defendants. (Section 7, act of June 13,1898.)
A writ of error was issued to the Supreme Court of the United
States under section 5 of the act of March 3, 1891 (26 Stat., 826).
STAMP T A X — O R D E R S
FOR
THE
PAYMENT
OF
MONEY.
GRANBY MERCANTILE COMPANY V. E . A. AVEBSTER, COLLECTOR OF INTERNAL REVENUE FOR
THE DISTRICT OF SOUTH CAROLINA.
I t was decided by the United States circuit court, district of South
Carolina, in this case, December 27, 1899, that: orders for the payment
of money are required to be stamped, although intended merely as
receipts or vouchers.
The drawer of the order is liable for the stamp, but, besides this,
the. maker or party for whose use or benefit the order shall be ma^e,
signed, or issued is liable also. (Treas. Dec. (1900), Int. Rev. No. 3;
98 Fed. Rep., 604.)
.
FI 1900
39
610
REPORT ON THE FINANCES,
T E S T CASE I N R E G A R D TO C O U P O N S I N P A C K A G E S O F TOBACCO.
A case was brought in the district of West Virginia, entitled The
United States v. Two hundred and eightj^-eight Packages of Merry
World Tobacco, to test the validity of section 10 of the act of July 24,
1897, respecting articles of a foreign nature inside packages of tobacco.
The last paragraph of that section prohibits packages of smokingtobacco,. fine-cut chcAving tobacco, and cigarettes from haAdng packed
in, or attached to, or connected with them, " a n y article or thing Avhatsoever" of a foreign nature, and provides that there shall not be affixed
to, or branded, stamped, marked, Avritten, or printed upon said packages, or their contents, any promise or offer of, or an}^ order or certificate for, any gift, prize, premium, payment, or rcAvard.
The court decided the act to be constitutional and that the remedy
for its violation is proAdded by section 3456, RcAdsed Statutes. 103
Fed. Rep., 453. (Treas. Dec. (1900), Int. Rev. No. 168.)
SPECIAL TAX—AVHOLESALE DEALERS IN
OLEOMARGARINE.
J U D D 0 . HARTZELL V. THE UNITED STATES.
UNITED STATES DISTRICT COURT, SOUTHERN
DISTRICT OF ILLINOIS.
I t Avas decided by the United States district court for the southern
district of Illinois, W. J. Allen, judge, that—
W h e r e a person, though not otherwise a dealer in oleomargarine, at t h e request of
another orders original manufacturer's packages of oleomargarine, and the manufacturer ships the packages to him and charges them to him, and looks to him only for
pay therefor, and he receives these packages and delivers t h e m to t h e person atAvhose
request h e sent such orders, collecting of t h e latter t h e purchase money, h e must be
regarded as having bought t h e oleomargarine on his own account and as having sold
it, and therefore must be regarded as a wholesale dealer in oleomargarine and
required to pay special tax accordingly, even though h e shoAV t h a t he acted solely for
t h e accommodation of t h e person to Avhom t h e oleomargarine Avas delivered by him,
and that he derived no profit therefrom.
(Treas. Dec. (1900), Int. Rev. No. 2.)
SPECIAL
TAX—RECTIFIER.
STARK Y. NUNN, COLLECTOR, F I F T H TENNESSEE.
A suit Avas instituted against Collector Nunn by H. M. Stark in the
U. S. Circuit Court for the recovery of special tax as rectifier.
The question iuA^olved was Avhat constitutes a rectifier under the definition in the internal-revenue laws. I t was held that a retail liquor dealer
Avho mixes whisk}^, sugar, and Avater, and puts the same in jugs and
bottles, keeping it in stock in that form, and selling it Avhen called for
as other liquors in stock, or Avho reduces whisk)^ by mixing Avater and
restores the color by the addition of blackberry juice, is a rectifiero
(Treas. Dec. (1900), Int. Rev. No. 121; 101 Fed. Rep., 423.)
S P E C I A L TAX—AVHOLESALE L I Q U O R
DEALER.
CASE OF CHEA^ALIER & CO.
A suit was instituted in the district of Oregon against F. Chevalier
& Co., of San Francisco, Cal., for the recoA^ery of special taxes and
penalty incurred be3i^ond the assessable period, as Avholesale liquor dealers in Portland, Oreg.
COMMISSIONER OF INTERNAL R E V E N U E .
611
Tl:us office held (Treas. Dec. (1899), Int. Rev. No. 20553) that a special
tax was required to be paid as wholesale and retail liquor dealers
at their office in Portland, at Avhich place their agent offered to sell
liquors, and took orders therefor, Avhich Avere transmitted to San Francisco. The provision of the statute, that every person who off'ers for
sale distilled spirits shall pay a special tax, Avas held to apply in every
case where a place of business is established at which off'ers to sell
liquors are made, although therema}^ be no stock of liquors kept there.
In this case there Avas a sign painted, " F . Chevalier & Co., Avhisky •
merchants; W. H. Fisk, manager," and at this office there Avere kept
books, ledgers, journals, cash books, etc., and a bookkeeper emploj^^ed.
There Avas also a traveling salesman.
The United States district court overruled the demurrer of the Government and decided the case against the United States. (102 Fed.
Rep., 125.) The case has been taken to the United States circuit
court of appeals on writ of error.
SPECIAL TAX—SOCIAL CLUBS.
UNITED STATES Y. THE ALEXIS CLUB.
This Avas a suit brought in the United States district court, eastern
district of Pennsylvania, to recover special taxes and penalties from
the Alexis Club as a retail liquor dealer.
The defendant was a club which had its clubhouse and headquarters
in the city of Philadelphia. It had a bar on the third floor of the clubhouse and kept a stock of malt and spirituous liquors Avhich it sold and
furnished to members of the club only, in quantities not exceeding five
gallons, that is to say, simpl};^ by the glass or single drink. The liquors
Avere purchased by a committee of the club, known as the refreshmsnt
committee, which made a weeklj^^ report to the general weekly meeting
of the members of the club of all the purchases made on behalf of the
club.
The members of the club purchased from the steward checks Avhich
Avere used by the members. The furnishing of liquors was a mere
incident to the use and enjoyment of the club, it being optional with
each member to purchase none, or to purchase Siuy quantity he might
desire, and the money derived from the sale of such checks Avent into
the treasury of the club.
Literary and musical entertainments for members, their families,
and friends were given from time to time, and among modes of recreation the club maintained a boAv^ling alley, pool and billiards, chess and
checkers.
The court decided that the defendant was a retail dealer in liquors
within the meaning of section 3244, United States RcAdsed Statutes,
sustaining the position of this office. (Treas. Dec. (1900), Int. Rev,
No. 8; 98 Fed. Rep., 725.)
^
^
.
The question has been several times before the Federal tribunals, and
the position taken by the Government has been uniform^ upheld:
United States v. Wittig, 22 Int. Rev. R e c , 98; Fed. Cas., 16, 748;
United States v. Woods, 24 Int. Rev. R e c , 150; Fed. Cas., 16, 759;
United States v. Rollinger, 28 Int. Rev. R e c , 314; Fed. Cas., 16,190(2;
United States'?;. Kallstrom, 33 Int. Rev. R e c , 152; United States v.
Giller, 54 Fed. Rep., 656, and the question may noAv be regarded as
settled.
612
1
REPORT ON THE FINANCES,
OLEOIVIARGARINE.
UNITED STATES V. DOUGHERTY, UNITED STATES DISTRICT COURT, EASTERN DISTRICT OF
PENNSYLVANIA, AUGUST SESSIONS, 1 8 9 9 . MOTION I N ARREST OF JUDGMENT AND FOR
A NEW TRIAL.
Two positions Avere taken in support of the motion to arrest the
judgment—first, that the indictment did not set out an offense under
the act of 1885 (1 Supp. Rev. Stat., 505), and second, that the statute
is unconstitutional, in so far as it provides for the marking of packages
used by retail dealers in oleomargarine, the allegation being that, in
this respect, it is not a revenue measure, but is a police regulation
which Congress is said to have no power to enact.
The motion Avas overruled.
I t Avas held that the primary object of the oleomargarine law was to
raise revenue, and that the law was constitutional, folloAving I n re
Kollock, 165 U. S., 536. (Treas. Dec. (1900), Int. Rev. No. 127; 101
Fed. Rep., 439.)
FERMENTED
LIQUORS.
ALBERT DAVIS V. COLLECTOR DAUGHERTY, F I F T H DISTRICT OF ILLINOIS, UNITED STATES
CIRCUIT COURT.
The question involved was whether the manufacture of a drink called
"maltina" constituted a person a brewer.
The article was manufactured as follows: The bottles were filled a
third or more full of beer from regularly stamped packages as. they
came from the brewery; then the bottles Avere filled with carbonated
water, commonly called soda water. Burnt sugar was also used in the
mixture.
This office held that this constituted a new beverage similar to beer,
lager beer, ale, and porter, made in part from one of those liquors and
in part from another substance, and the manufacturer was liable as a
brewer.
The court sustained this Adew of the case and held Davis liable. He
has prayed an appeal.
MIXED
FLOUR.
The Hecker-Jones-Jewell Milling Company were indicted in the
United States circuit court, southern district of NCAV York, for violation of the war-revenue act in regard to mixed flour. The company
Avas charged Avith failure to pa}^ the annual special tax of $12, failure
to mark or brand the Avords "mixed flour" on the barrels and packages of flour manufactured by them, and failure to affix the required
revenue stamp on the packages.
I t was claimed by the company that certain articles manufactured
and sold by them, knoAvn as " Hecker's Old Homestead Flapjack Flour"
and "Hecker's Griddle Cake Flour," were not subject to tax as "mixed
flour."
The case was a test case and Avas tried before a court and jury. A
verdict of guilty was rendered against the company, and a fine of $250
was imposed. The court charged that these tAvo kinds of flour came
Avithin the provisions of the mixed-flour act and compliance therewith
was necessary.
COMMISSIONER OF INTERNAL R E V E N U E .
613
TAX ON DISTILLED SPIRITS.
PAYSEY O. BURROUGH, WHO SURVIVED HENRY S. HANNIS, LATE COPARTNERS, TRAl^^ING AS
HENRA^ S. HANNIS & CO., A^ CHARLES ABEL, EX-COLLECTOR.
This Avas a suit in the United States circuit court, eastern district of
Penns3dA^ania, to recover taxes paid on distilled spirits claimed to haA^e
been illegally exacted, under the act of Julj^ 20, 1868, upon the Avhole
amount entered in bonded warehouse instead of upon the amount
Avithdrawn.
Before the act of Julj^ 20, 1868, the tax was imposed only on the
spirits actually Avithdrawn from warehouse. Under the act of Jul}^
20, 1868, the tax was imposed on spirits as soon as they came into
existence as such.
The question involved was whether the act of July 20, 1868, had a
retroactiA^e effect and could be construed to relate to the time of manufacture and to impose a tax or dut}^ upon the whole amount of spirits'
distilled prior to that act. The court held that the act of 1868 laid a
tax upon every gallon of distilled spirits then in bond, and that this
tax Avas payable even upon so much of the spirits as might theii^jafter
CA^aporate or leak away, but that the act did not, or could not^ iay a
tax upon spirits that had ceased to exist. (100 Fed. Rep., 66.)
FORFEITURE—INNOCENT PARTIES.
UNITED STATES V. TWO HUNDRED AND TWENTY PATENTED MACHINES.
DISTRICT COURT,
EASTERN DISTRICT OF PENNSYLVANIA, PEBRUARA^ 5 , 1 9 0 0 .
FORFEITURE OF MACHINERY
LEASED BY CIGAR MANUFACTURERS, JACOBS & CO.
Under Revised Statutes, section 3400, providing that a cigar manufacturer Avho violates the provision of the internal-revenue law relating to his business shall, in addition to other penalties, forfeit to the
United States all machinery, tools, etc., "which shall be found in his
possession or in his manufactory and used in his business as such
manufacturer," the fact that machinery used by a manufacturer guilty
of a violation of the law was leased from a third person Avho was ignorant of such Adolation will not prevent its forfeiture; but the owner
must be held to have acted with the knowledge that the property
Avoiild be subject to forfeiture if the business was unlawfully conducted and to have taken the risk.
This was an information for forfeiture of machines used by a cigar
manufacturer for violations of the internal-revenue law, which was
resisted by interveners claiming ownership of such machines. (99
Fed. Rep., 559; Treas. Decs. (1900), Int. Rev. No. 54.)
SUGAR REFINERS.
FELTUS, ZIMMERLING & CO. V. GEORGE HARDING, ADMINISTRATOR, ETC.
This case is one of five suits for the recoA^ery of certain internalrevenue taxes claimed to have been illegall}^ exacted from the firm of
Feltus, Zimmerling & Co. on the ground that they were " s u g a r refin
e r s " Avithin the meaning of the acts of March 3, 1863, June 30, 1864,
and July 13, 1866. The case came before the United States circuit
court of appeals on a writ of error to the circuit court for the eastern
district of Pennsylvania.
614
REPORT ON T H E FINANCES.
The decision of the circuit court Avas in favor of the GoA^ernment (95
Fed. Rep., 129), and the circuit court of appeals, January 2, 1900,
affirmed that decision, holding that the collection of the tax was legal.
(99 Fed. Rep., 270.) A. large amount of tax Avas invoh^ed Avhich Avas
collected man3^ years ago. The cases have been pending in this office
and in the courts for a long time.
ADDITIONAL TAX ON TOBACCO IN THE HANDS OF DEALERS.
A suit was instituted by James D. Patton & Co., of Richmond, Va.,
in the United States circuit court, eastern district of Yirginia, against
James D. Brad}^, collector of internal revenue for the second district
of Virginia, to recoA^er the sum of $3,062.28, paid as tax on tobacco
under section 3 of the act of June 13, 1898, providing for the additional tax of 3 cents per pound on tobacco in the hands of dealers. I t
was claimed that this section Avas repugnant to the Constitution.
The law Avas held to be constitutional in the United States circuit
court, and the case Avas taken to the United States Supreme Court,
where it is IIOAA^ pending.
EXAMINATION OF BOOKS.
IN RE KINNEY, COLLECTOR OF INTERNAL REVENUE.
W. F. Kinne}^, collector of internal revenue, district of Connecticut,
issued a summons, under section 3173, Revised Statutes, against the
Oakdale Manufacturing Company, a corporation engaged in the manufacture of oleomargarine. The parties refused to comply with the
summons, and the collector petitioned the United States district judge
for an attachment against F. M. Mathewson, president of the compan}^,
directed to the United States marshal of the district, commanding him
to arrest said Frank M. Mathewson and bring him before the judge to
show cause Avh^^ he should not be adjudged in contempt and punished
according to law, as provided b}^ section 3175, Revised Statutes. The
decision of the judge Avas adverse to the collector. He held that—
The provisions of Revised Statutes, section 3173, authorizing a collector of internal
revenue to summon before him for examination any person charged by the laAv Avith
the duty of making returns of objects subject to tax, do not apply to persons required
under the oleomargarine law to make returns of materials and products. Such provisions relate only to objects of taxation upon Avhich the tax is collected by the
method of return and assessment, and not to those upon Avhich the tax is required
to be paid by a stamp, and a collector has no power under section 3173 to compel a
person to appear and testify to the correctness of the returns made under the oleomargarine laAv. (102 Fed. Rep., 468.)
In the opinion of the United States attorne}^, there can be no revicAv
of this decision by appeal or AAait of error.
This opinion and also the opinion in re Kearns, 64 Fed. Rep., 481,
show the obstacles in the A ^y of enforcement of the oleomargarine
Aa
laAV and the necessit}^ for additional legislation in the direction recommended and urged b}^ this office.
STAMPS ON TAX CERTIFICATES IN THE DISTRICT OF COLUMBIA.
Proceedings Avere instituted b}^ Malcolm Hufty against Assessor
Trimble, of the District of Columbia, b}' mandamua, to compel him
COMMISSIONER OF INTERNAL R E V E N U E .
615
to issue tax certificates without affixing internal-revenue stamps, said
certificates being claimed by this office to be taxable under that paragraph of Schedule A, act of June 13, 1898, which reads as follows:
Certificates of any description required by law not otherwise specified in this
act, ten cents.
The court of appeals rcA^ersed the decision of the supreme court of
the District of Columbia and held that no stamp was required to be
affixed to such certificates. (14 Appeal Cases D. C , 414.)
Instructions were given to have the case taken to the Supreme Court,
but, in the meantime. Assessor Trimble went out of office, and, under
the decision of the Supreme Court in the case of Bernardin v. ButterVr^orth (169 U. S., 600), the case against him abated, and it can not be
reAdA^ed by making his successor a party.
DECISIONS OF THE ATTORNEY-GENERAL.
STAMPS ON BILLS OF LADING.
In answer to a request for an opinion on this subject AttorneyGreneral Griggs held that, upon bills of lading, receipts, manifests,
and other similar documents issued bj^ railroad companies for goods
to be transported b}^ rail from any place in the United States to Canada, a stamp tax of 1 cent is payable, under the clause of the AvarrcA^enue act headed " Express and freight," aiid that no tax is payable
thereon under the clause relating to goods exported from a port or
place in the United States to any foreign port or place. It also held
that the same rule should be applied to shipments by rail to Mexico.
(Treas. D e c (1900), Int. Rev. No. 6.)
STAMP TAX ON CALL LOANS.
PLEDGING OF COLLATERAL SECURITIES.
The Attorney-General decided that, if stock is hypothecated as
security for payment of money simply by delivery of the certificates
to the lender, or deposited as a basis of credit without a mortgage or
other written instrument being executed or made Avhereby the said stock
is pledged to secure the payment of a definite and certain sum of mone}^,
no tax is imposed on such a transaction. No tax, collectible by the use
of an adhesive documentary stamp, can be imposed unless an instrument,
l^aper, document, or Avriting, falling within some one of the descriptions given in the act is executed, made, signed, or issued, to which the
stamp denoting the payment of the tax is to be affixed. (Treas. Dec.
(1900), Int. Rev. No. 80.)
EXPRESS COMPANIES NOT LIABLE AS BROKERS, WHEN.
The Attornej^-General rendered an opinion Ma}^ 14, 1900, on the
question of the special-tax liability of express companies as brokers on
account of their issuance of mone}^ orders and travelers' checks. The
decision was published in Treasury Decision No. 128, of which the
following is a SAniopsis:
Brokerage is not the business of the express companies; they are
carriers, and the issuing of mone}^ orders and travelers' checks is a
mere incident to the business of carriers, the companies for a consideration issuing their OAvn orders, upon themsch^es, for the payment of
616
REPORT ON THE FINANCES.
money upon presentation to their authorized agents. They are not
liable on this account for special tax as brokers under the second par
agraph of section 2, act of June 13, 1898.
AMENDMENTS TO THE LAW RECOMMENDED.
AMENDMENTS TO THE ACT OF JUNE 1 3 , 1 8 9 8 .
I recommend that the act of June 13, 1893 (war-revenue act), be
amended as folloAvs:
CERTIFICATES.
Amend Schedule A by striking out the following paragraph:
Certificate of any description required by law not otherwise specified in this act,
ten cents.
This clause of the law has giA^en, perhaps, more trouble in its administration than any other.
The greater part of certificates required by law are necessarily issued
by Federal, State, or municipal officers. This office has ruled that
where such certificates Avere issued in the exercise of functions strictly
belonging to the State in its ordinary governmental or taxing capacity
they were exempt from tax under section 17 of the act; but if such certificates were issued at the request of priA^ate persons, solel}^ for priA^ate
use, a stamp should be affixed, and that such stamp should be furnished
by the person appl3dng for the certificate.
In a number of States, however, the officers haA^e maintained that all
certificates issued b3^ them were exempt because required b3^ State law,
and have declined to affix stamps thereto.
To avoid conflict of this kind it AVOU Id be expedient to repeal the
above clause.
BANK CHECKS.
Amend the third paragraph of Schedule A, relative to bank checks,
by adding after the Avords "order for the payment of an3^ sum of
mone37^" the AVords " o r receipt giA^en for withdrawing deposits from
banks other than saAdngs banks."
Receipts not requiring a stamp under the laAV, it Avas found impossible to rule that Avhen a depositor Avent to a bank personal 13^ and withdrew his deposit, or a portion thereof, h j tendering a receipt for the
same, said receipt was any more taxable ^than ^ny other receipt, and
therefore this office Avas obliged to permit the exemption from taxation
of a receipt used in this wa3^
The use of receipts in lieu of bank checks in this manner is constantl3^
increasing, as eAddenced to this office in man3^ ways.
The check stamp tax is probabl3^ the largest single item of revenue
derived from the documentar3^ stamp taxation, and the use of receipts
in lieu of checks is perhaps responsible for some of the decrease in
revenue from this source. As a knoAvledge of the fact that receipts
can be used in this wa3^ has permeated the communit3^, man3^ persons
now go to the banks and withdraw mone3^ on their indiAddual receipt
who would formerl3^ liaA^e drawn a check for the amount. Of course
this is an evasion of the tax, but to evade the tax in a lawful manner
can not be prevented.
The law should be amended so that all persons withdrawing deposits
from commercial banks shall be subject to the same taxation.
COMMISSIONER OF INTERNAL R E V E N U E .
6.17
TWO INSTRUMENTS COMBINED IN ONE.
Add at the end of Schedule A:
Provided, That Avhere any one instrument is in the form, or combines t h e characteristics of two or more instruments (as a bond containing a clause which constitutes a
power of attorney, or a promissory note Avhich also constitutes a pledge of property),
it shall be subject to but one stamp tax, and that the highest imposed upon either of
the instruments.
PATENT MEDICINAL PREPARATIONS.
Amend section 20, in the first proviso, by adding after the words
" t h a t no stamp tax shall be imposed upon an3^ uncompounded medicinal
drug or chemical" the words "except such as are sold under a claim
of patent, trade-mark, or proprietorship."
There are found to be upon the market quite a number of preparations which haA^e been held by the United States court entitled to
exemption under the clause exempting uncompounded chemicals Avhich
are neA^ertheless p u t up under a patent or trade-mark, and for which
proprietaiy rights are claimed. Some of these articles are imported
from Europe and sold in competition with domestic preparations.
It is believed that Congress intended to tax all patent, proprietaiy,
or trade-mark medicinal preparations alike, and this amendment is
necessaiy to effect that purpose.
. AMENDMENT TO SECTION 1 3 .
Amend section 13 b3^ adding to the first proviso, after the words
"bonds, debentures, or certificates of stock or of indebtedness," the
words " o r any instrument, document, or paper of any kind or description whatsoever mentioned in Schedule A of this act."
The greater part of section 13 is a remedial statute, intended to cure
the hardships that might be experienced where instruments of an3^ kind,
taxable under Schedule A, had been omitted to be stamped, unintentionall3^ and Avithout an3^ design to CA^ade the law.
It was undoubtedl3^ the intention of Congress that such alleviation
of the penalties of the laAv should be permitted in all cases where
instruments were innocently issued unstamped, but b3^ the omission
of the Avords Avhich it is now recommended to be inserted in the place
mentioned, the statute b3^ a strict construction would merely appl3^ to
"bonds, debentures, or certificates of stock or of indebtedness."
It is true that this being a remedial statute it has been liberall3^ construed b3^ this office for the purpose of effecting the remedy and
relieving the honest taxpayer, but it is nevertheless important that the
statute should clearly express what Avas the true intention of Congress.
PARLOR-CAR AND SLEEPING-CAR TICKETS.
Amend section 28, act of June 13, 1898, relatiA^e to stamp tax on
parlor-car and sleeping-car tickets b3'^ providing a penalty for failure
to affix stamps. No penalty is provided as the law stands, as the tax
is not imposed under Schedule A, where it properl3^ belongs.
LEGACA^ TAX.
1 recommend that the following amendments to the law relative to
the tax on legacies be made:
That in section 29, act of June 13, 1898, there be inserted after the
word "otherwise" the words "including persons residing abroad."
That in section 30, after the words "shall pay to the collector or
deputy collector of the district of which the deceased person AYas a
618
REPORT ON THE FINANCES.
resident," there be inserted the Avords " o r in Avhich the propert3^ was
located, in case of nonresidents."
These amendments, if made, will provide that estates in this country
of persons residing abroad at time of their death shall be taxed the
same as estates of persons residing in this country. There should be
no unjust discrimination in favor of persons residing abroad whose
property is in this countiy and distributed under our laws. This office
has ruled that the tax accrues on legacies in such cases (Treasuiy
Decisions 1899, No. 21052), but it would be preferable to have the law
specificall3^ so declare, as it has been contended otherwise.
Amend section 30 b3^inserting after the Avords " t h a t the tax or duty
aforesaid," in line 1, the folloAving:
Shall be due and payable Avhenever the party interested in such legacy or distributive share, or property, or interest aforesaid shall become entitled to the possession
or enjoyment thereof, or to the beneficial interest in the profits accruing therefrom,
and the same,
And b3^ inserting after the words "United States," in the first sentence
of said section, the words—
And every administrator, executor, or trustee having in charge or trust any legacy
or distributive share, as aforesaid, shall give notice thereof, in Avriting, to the collector
or deputy collector of the district Avhere the deceased grantor or bargainer last resided
Avithin thirty days after he shall have taken charge of such trust;
And b3^ inserting after the words "shall make out such lists and A^aluation as in other cases of neglect or refusal, and shall assess the dut3^
thereon," the words—
And in case of willful neglect, refusal, or false statement by such executor, administrator, or trustee, as aforesaid, he shall be liable to a penalty of not exceeding one
thousand dollars, to be recovered Avith costs of suit;
And bA^ adding the folloAving paragraph to the end of said section:
Any tax paid under the provisions of sections twenty-nine and thirty shall be
deducted from the particular legacy or distributive share on account of which the
same is charged.
Sections 29 and 30 of the act of June 13, 1898, were practicall3^ a
reenactment of sections 124 and 125 of the act of June 30, 1864, Avithout the subsequent amendments.
The amendments above recommended to section 30 are similar to
those of the act of Jul3^ 13, 1866, amending section 125 of act of 1864,
and if reenacted Avill make the law more complete, and conform to the
old law.
1 recommend that the law be further amended 113^ exempting from
legacy tax bequests for public uses of a.literaiy, educational, or charitable character.
INCREASE OF DISCOUNT ON SALES OF ADHESIVE STAMPS.
In order to afford better facilities for the general distribution of
documentary and proprietaiy stamps, I respectfull3^ recommend that
the laAV be amended so as to allow to purchasers of such stamps a discount of not less than 2 per cent Avhen purchased in quantities of not
less than $100 of face value.
SPECIAL TAXES.
AGRICULTURAL FAIRS.
There is no exemption from special tax in the case of agricultural
fairs, Avhich are held for two or three daA^s in the 3^ear.
COMMISSIONER OF INTERNAL REVENUE.
.619
Under the laAV the3^ are required to pa3^ at the rate of $10 for the
year, as public exhibitions or shows for money (par. 8, sec 2, act June
13, 1898), reckoned from the first da3^ of the month in which the fair
is held.
I recommend that the laAv be amended so as to exempt agricultural
associations from this tax.
In paragraph 1, section 2, act of June 13, 1898, relative to bankers,
insert in the proper place the following:
Undivided profits shall be considered as surplus on estimating the tax due from
•banks, the amount to be estimated by taking the average for the preceding year, Provided, That the Avord ''capital" shall notbe understood to mean money borrowed
or received from time to time as deposits in the usual course of business, from any
person not a partner of nor interested in the bank, association, or firm.
COMMERCIAL B R O K E R S .
[Paragraph 4, section 2, relative to "commercial brokers."]
The Supreme Court held in the case of Slack v. Tucker (23 Wall.,
321) that persons who receive into their possession any goods or merchandise and sell them on commission can not be regarded as commercial brokers. This relieves many persons Avho would otherwise be
liable. There is no tax imposed on commission merchants, auctioneers,
or real-estate agents. There seems no special reason for singling out
commercial brokers and requiring a special tax from them, especiall3^ as
the tax falls, in the main, on a poorer class of people. I recommend,
therefore, that the tax on commercial brokers be repealed, or that other
classes of business, such as commission merchants and real-estate
agents, be also required to pa3^ special tax.
EXCISE T A X E S ON SUGAR R E F I N E R I E S , ETC.
Amend the provisions of section 27, act df June 13, 1898, imposing
excise tax on persons, firms, companies, and corporations engaged in
refining petroleum and sugar so as to require the tax to be assessed and
paid monthl3^
OTHER
AMENDMENTS
PROPOSED.
T R A N S F E R O F S P E C I A L - T A X STAMPS.
I recommend that the law be amended so that all special-tax stamps
ma3^ be transferable from one special taxpa3^er to another, to enable
the successor in business to c a n y on business at the same place for the
rest of the 37'ear under special-tax stamp issued.
A M E N D M E N T TO SECTION 3 2 4 1 , R E V I S E D STATIITES.
Add to section 3241, Revised Statutes:
Provided, That special-tax stamps may also be redeemea, upon surrender, AA^hen no
longer required because of the abandonment by the party to Avhom issued of the business for Avhich issued, at a proportionate rate for the;unexpired jDeriod; but no alloAVance shall be made for a fraction of a month.
DISTILLED SPIRITS.
I recommend that section 1 of the act entitled "An act to allow the
bottling of distilled spirits in bond," approved March 3, 1897, be so
amended as to alloAv bottlers of distilled spirits on distilleiy premises
620
REPORT ON THE FINANCES.
to transfer to another portion of the distilleiy Avarehouse for storage
therein, for a period not exceeding sixty da3^s, spirits Avhich ma3^ haA^e
been bottled for exportation, and to c a n y in stock through this method
a sufficient quantity of their product to meet the demand that ma3^ be
made upon such distillers to till orders for their export trade.
Also, that the law (sec. 3329, Rev: Stat., as amended b3^ sec. 10, act
of May 28, 1880) be further amended so as to provide for the allowance of drawback of tax at the same rate per proof gallon as was paid
on the spirits found to have been exported. Under the proAdsion of
this law the allowance of drawback is now limited to 90 cents per proof
gallon, while the existing rate of tax on distilled spirits is $1.10 per
gallon.
I recommend that such legislation be enacted as will empower the
Commissioner of Internal Revenue, with the approval of the Secretaiy
of the Treasuiy, to prescribe the size and kind of package in which
distilled spirits must be contained when imported into the United States.
Such a law is absolutel3^ essential to the protection of the American
exporter of distilled spirits, for the reason that the gOA^ernments of other
countries have lodged this power in the hands of an officer similar in
character to the Commissioner of Internal Revenue, and this officer has
prescribed packages in Avhich American spirits shall be imported into
such countries, and these packages are entirely unlike an3' package
used b3^ American manufacturers. This discrimination compels the
American manufacturer to dispense with the original package Avhich
contained his product in making exportations, and forces him to adopt
a package which in no manner indicates on the outside thereof the
character, age, or quality of the goods contained therein.
M A R K I N G F E R M E N T I N G TUBS.
Amend section 3269 of the Revised Statutes b3^ adding at the end
thereof the following Avords:
Provided, That AVOoden fermenting tubs which are not so set as to be fixed and
immovable, shall each be marked by haAdng burned into the exterior surface thereof,
in figures not less than three inches in length and two and one-half inches in width,
the cubic content in gallons and the number of the tub, so that such figures shall be
distinctly Adsible, And provided also. That Avhen the fermenting tubs are of other
material than Avood, they shall be marked as the Commissioner of Internal Revenue
shall prescribe. And intentional failure or neglect of the distiller to comply Avith
this requirement shall incur liability to the forfeiture of the sum of tAvo hundred
dollars and of the fermenting tub not marked in accordance with this prOAnsion.
AMENDMENT TO SECTION 3296, R E V I S E D STATUTES.
Also amend section 3296 of the Revised Statutes by adding after the
word "paid," in the second line of said section, the words "Avhether
said spirits so removed Avere distilled at a registered or unregistered
distilleiy." Also amend said section by striking out the word " t h e "
after the word " t h a n " and before the word "distillery" in the third
line of said section and substituting therefor the letter " a , " so that
the section, when so amended, shall read as follows:
Whenever any person removes, or aids or abets in the removal of, any distilled
spirits on Avhich the tax has not been paid, Avhether said spirits so removed Avere
distilled at a registered or unregistered distillery, to a place other than a distillery
Avarehouse proAdded by law, or conceals or aids in the concealment of any spirits so
removed, or removes or aids or abets in the removal of any distilled spirits from any
distillery Avarehouse, or other Avarehouse for distilled spirits authorized by law, in
any manner other than is provided by laAv, or conceals or aids in the concealment
COMMISSIONER OF INTERNAL REVENUE.
621
of any spirits so removed, he shall be liable to a penalty of double the tax imposed
on such distilled spirits so removed or concealed, and shall be fined not less than
two hundred dollars nor more than five thousand dollars, and imprisonment not less
than three inonths nor more than three years.
T R A V E L I N G E X P E N S E S AND P E R D I E M FOR S T O R E K E E P E R S AND S T O R E K E E P E R - G A U G E R S .
It is my duty to again call the attention of Congress not only to the
desirabilit3^ but the absolute necessity of so changing the law with
respect to the traA^eling expenses of storekeepers and storekeepergangers as to enable this office to allow such dfficers for per diem and
traveling expenses, not only when going from one place of assignment
to another place of assignment, but also Avhen going from their homes
or places where they are not under assignment to a place of assignment and returning therefrom.
Under the law as it stands and is construed b3^ the accounting officers of the Treasury Department, who decline to allow and approve
the per diem and expenses for the officers referred to under the circumstances described, not only great hardships are imposed upon them
as Avell as actual injustice, but opportunity is afforded for the dishonest distiller to dictate in a great measure what officer shall not be
assigned to his distillery, and is thus assisted in perpetrating frauds
upon the revenue that can not be corrected as long as this condition
exists. . For instance, a small 3-bushel plant, operated by a dishonest
man, gives notice of commencing operations. When the officer reports
for duty, demand is made upon him for certain concessions in regard
to the removal of a part of the product without pa3^ment of tax. If
consent is not given the distiller gives notice that he will shut doAvn
and in four da3^s he closes out. The officer has probably received a
per diem of $20, which is ten days'-Avork at $2 per day. The little
plant being in a Avild inaccessible mountain place, the officer has spent
t V or three da3^s in getting there and incurred $5 expenses. If the
AO
distiller shuts down he will incur a like expense to get back home, and
instead of being benefited by the assignment, he is financiall3^ injured
in accepting it, the result to him being a financial loss.
The consequence of this is that honest storekeeper-gangers will not
accept assignments at certain distilleries for'the reason that they knoAv
that as soon as they reach there the plant will close down and the3^
will not only lose their time in going to and from the place, but also
their expenses in going there.
I earnestl3^ ask Congress to relieve this Department of this embarrassment by an amendment of the laAV.
METHODS O F C H A N G I N G T H E PRODUCING CAPACITY OF D I S T I L L E R I E S .
The daily spirit-producing capacity of a distillery depends upon the
fermenting tubs which it has open and capable of use. To reduce this
capacity a tub or tubs must be, closed in a wa3^ prescribed by the
statute. The method prescribed has become almost unavailable oAving
to the great changes which have taken place in distilleries.
Fermenting tubs are noAv constructed of such dimensions that it is
impracticable to securely cover them as by law required.
I recommend that further legislation Joe had providing additional
methods, or authority be granted the Commissioner, with the approval
of the Secretaiy of the Treasuiy, to prejscribe methods of securety
closing such tubs,
622
REPORT ON THE FINANCES.
MANUFACTURE OF YEAST.
Manufacturers of Adnegar have for some years been exempted from
the general proAdsion of law that no mash, AVort, or Avash fit for distillation or for the production of spirits or alcohol, shall be made or fermented in any building or on any premises other than a distilleiy dul3^
authorized according to laAV.
I recommend that the same exemption be extended to manufacturers
of yeast, who are now compelled to engage in the production of Adnegar
or of distilled spirits in order to utilize the yeast as a b3^-product of
the principal manufacture. This exemption, if granted, would relieve
the yeast producers from the burden of carrying on an additional business having no trade or commercial connection with their main business.
In my judgment this can be done without danger to the revenue, and
I recommend legislation for that purpose.
STOCKHOLDERS I N DISTILLING
CORPORATIONS.
I t is now required by law, section 3259, Revised Statutes, that eveiy
person engaged in, or intended to be engaged in, the business of a distiller shall giA^e notice in writing to the collector of the district stating,
among other things, the name and residence of every person interested
or to be interested in the business. In the case of corporations Avhich
become distillers, every stockholder is regarded as a person interested
in the business. Where the stockholders in,a corporation are a large
body of people and are constantl3^ changing, it becomes A^eiy difficult
and almost impossible for the officers of the corporation to comply
Avith the laAV, which requires notice to be given Avithin tAvent37^-four
hours after change in the persons interested in the business of the distilling establishment.
I believe that the protection to the revenue intended to be given by
this provision can be equally afforded by the substitution of a provision requiring such notices to be given at stated times or upon call
from the Commissionerof Internal Revenue or the collector of the.
district, and that the law so amended can and Avill be more fully complied with than is noAV practicable, and I recommend that legislation
be had for this purpose.
BRANDS UPON D I S T I L L E R S ' P A C K A G E S .
H. R. 11427, a bill to amend the internal-revenue laws relating to
brands upon distillers' packages, was introduced in the House of Representatives May 9, 1900. I recommend passage of the bill.
Also, that in sections 3358 and 3390, Revised Statutes, the word Januaiy wherever it occurs be stricken out and the Avord July inserted in
lieu thereof, so as to proAdde that the abstracts of the accounts of
manufacturers of tobacco and cigars shoAV the business done by them
during each fiscal 3^ear.
OLEOMARGARINE.
Section 41, act of October 1, 1890, requiring Avholesale dealers in
oleomargarine to keep books and render returns in compliance with
the regulations authorized to be made b3^ the Commissioner of Internal
COMMISSIONER OF INTERNAL REVENUE.
623
Revenue, Avith the approval of the Secretaiy of the Treasuiy, provides
no penalty for the violation of this section. The courts have decided
that none of the penalties denounced in the act governing the manufacture and sale of oleomargarine are applicable to this section. Such
a penalt3^ is essential to an efl'ectiA^e enforcement of the law. I therefore recommend that the section above referred to be amended by the
enactment of a penalty clause.
In order to reconcile section 3 of the act of August 2,1886, defining
a retail dealer of oleomargarine to be " CA^eiy person Avho sells oleomargarine in less quantities than 10 pounds at one time" with section 6 of
the act Avhich proAddes that "retail dealers in oleomargarine must sell
on 13^ from original stamped packages in quaqtities not exceeding 10
pounds," I recommend an amendment that will change the Avords " n o t
exceeding" in the last-mentioned clause to "less than."
R I G H T OF EXAMINATION.
I recommend that section 3163, Revised Statutes, as amended by section 2 of the act of March 1, 1879, be amended so that collectors and
internal-revenue agents shall have the right of examination of articles
and objects subject to the internal-revenue tax and books and papers
I'elating to the same; and also inspection of articles which have been
stamped, including bank checks, for the purpose of ascertaining whether
the internal-revenue taxes haA^e been paid, and whether papers and
documents requiring stamps are properl3^ stamped and the stamps
canceled.
PROTECTION O F U N I T E D STATES O F F I C E R S .
I again call attention to the lack of protection given by the statute
laws of the United States to the officers of iriternal revenue and to
those assisting them in the enforcement of the internal-revenue laws.
Murderous assaults upon those engaged in discovering illicit distilleries
have been b3^ no means uncommon for many years. I can add nothing
to the remarks made by Judge Paul, of the United States district
court for the western district of Virginia, while pronouncing sentence
upon the murderers of George Ratcliff', member of a posse engaged in
discovering illicit distilleries, as given in my last annual report.
I recommend that the enactment of the following be proposed to
Congress:
Everj^ person Avho shoots at, stabs, Avounds, or in any manner maliciously assaults
an ofiicer or agent of internal revenue, or person aiding him, in the lawful discharge
of his official duty, shall be punished by a fine of not more than one thousand dollars, or by imprisonment in the penitentiary at hard labor not more than ten years,
or both, at the discretion of the court. And if of such forcible assault the person
assaulted dies, the punishment shall be the same as is imposed forthe crime of murder by the laws of the State or Territory Avithin Avhich the offense is committed.
The proceedings to enforce the penalties herein provided shall be taken in the circuit
or district court of the United States forthe district in'Avhich the crime is committed.
L E A V E OF ABSENCE TO GAUGERS AND S T O R E K E E P E R S .
Gangers, storekeepers, and storekeepers and gaugers are per diem
officers whose salaries are predicated upon the amount of spirits gauged
by them, or upon the character and capacity of the distilleiy at Avhich
thc}^ ma3^ be assigned to duty. Under existing laAv these officers are not
entitled to any leave of absence whatever, except upon the loss of their
624
REPORT ON THE FINANCES.
per diem pay for the days upon which they ma3^ be absent from dut3^
In vicAV of the fact that many of these officers are assigned to duty
from eight to tAvelve months duidng the 3^ear, and perform arduous and
exacting duties, man3^ times regardless of any reasonable or prescribed
working hoars for each day, I recommend that there shall be proAdded
such additional appropriation for the pa3mient of this class of officers
as Avill admit of granting a leave of absence with pay for tAvo and onehalf da3^s for each month of thirt3^ da3^s that the3^ be actually assigned
to duty, and that the3^ shall be allowed to claim in their pay accounts
the maximum rate of pay allowed them under their assignments for
such days as they ma3^ be granted leave, as above set forth.
SALARIES O F COLLECTORS.
I also deem it my duty to call attention to the inadequacy of the salaries now received by many collectors of internal revenue.
Tbe minimum compensation of a collector can noAV only be increased
b3^ the commissions, e t c , allowed by statute, from $2,000 per annum
to the maximum of $4,500 per annum allowed b3^ existing law. This
maximum salary Avould appear to be a reasonable compensation for the
collection of sums aggregating from $1,000,000 up to $3,000,000.
But, under the war-reA^enue act, in many of the districts throughout
the countiy the collections now aggregate annually from $5,000,000 to
$22,000,000.
This large increase is gathered by the collectors in sums ranging
from one-eighth of a cent up tp $1,000. The number of taxpa3^ers has
increased from a fcAV hundred thousand to many millions.
The result is a largely increased responsibility imposed upon collectors of internal revenue, and also a large increase in the amount of
work to be performed by them. I therefore ask that Congress be
urged to giA^e this matter attention, and that a ncAv scale of salaries be
proAdded Avhich Avill justly compensate collectors for the increased
responsibilities and services imposed upon them.
COMPENSATION OF REVENUE AGENTS.
I again call attention to the inadequacy of the compensation provided
for internal-revenue agents, also to the manifest unfairness toward
them when the same is compared Avith the compensation provided 1 3
3^
laAV and paid Treasuiy employees who perform duties of" exactl3^ the
same kind and character. To correct this inadequac3^ and unfairness I
recommend that the agent assigned to duty in Washington as chief of
rcA^enue agents' diAdsion receive, in addition to the necessaiy traA^eling
expenses actually incurred by him, a compensation of $10 per da3^; and
that rcA^enue agents shall receive, in addition to the necessaiy traveling
expenses actually incurred 1 3 them, a compensation to be fixed 1 3
3^
3^
the Commissioner of Internal RcA^enue not to exceed $8 per da3^
Treasuiy employees performing Avork of similar character to that
assigned to revenue agents receive compensation for each da3^ of the
year when under assignment. There is not only no good reason AVIW
rcA^enue agents should not be conapensated in the same wa3^, but, on
the contraiy, fairness and justice require the3^ should be. The3^ hold
positions of equal responsibility and perforin duties of great importance, representing the Commissioner of Internal Revenue in the
field in matters requiring superior judgment, and practical knowledge
COMMISSIONER OF I N T E R N A L
REVENUE.
625
and skill in the discharge of their duties. They are subject to his
call at all hours of the day or night, and on every day of the year,
Sundays included. This is not only true in theory, but absolutely true
in practice, for they are continually called upon to perform duties at
all hours of the night and to render service on Sunda3^ in order to compass a prompt and successful discharge of duty, and it is but just and
fair that they be compensated in an equitable manner for doing so and
should be treated, with respect to compensation, the same as other
employees of equal rank and used for similar purposes,
Frl900
40
626
REPORT ON T H E FINANCES.
DIVISION O F DISTILLED SPIRITS.
The statements under the above heading relating to the fiscal 3^ear
ended June 30, 1900, exhibit the number of grain, molasses, and fruit
distilleries which were registered and operated in each State; the num-.
ber of fruit distilleries registered and operated in each collection district; the number and capacity of the grain and molasses distilleries
in operation at the beginning of each month in the year and of the
three folloAving months; the number of grain distilleries, classified
according to their different capacities, registered and operated in each
district and State; the quantities and several kinds of grain and other
materials used in the prodiiction of distilled spirits in each collection
district and State; the diflferent kinds of fruit brandy produced during
the year in each collection district and State; the quantity of distilled
spirits, in proof gallons, rectified in the several districts and States;
the quantity of distilled spirits gauged during the fiscal years ended
June 30, 1899 and 1900, in each collection district and State, and the
quantity of fermented liquors produced during the fiscal year ended
June 30, 1900, in each collection district and State, together with other
items.
DISTILLERIES REGISTERED AND OPERATED.
The following statement shows the number of distilleries registered
and operated during the fiscal year ended June 30, 1900:
Grain.
states and Territories.
Ala,bani8)..
Arizona....
Arkansas
California .
Colorado
Connecticut
Delaware
Florida
Georgia
.
Idaho
:•
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana.
Maryland
Massachusetts
Missouri
Nebraska
Nevv H a m p s h i r e
New Jersey
New Mexico
New York
North Carolina
Ohio
Oklahoma
Oregon
Pennsylvania
Ilhode Island
South Carolina'
Tennessee
Texas
Virginia
Washington
AVest V i r g i n i a i
Wisconsin
Molasses.
Registered.
Operated.
33
19
1
2
2
1
1
59
1
10
16
2
318
2
213
26
1
69
1
21
1
48
1
1
1
4
688
36
5
3
110
4
600
21
3
42
81
12
91
Operlated.
24
32
1
2
2
1
1
65
1
13
20
Pruit.
39
55
9
70
1
3
5
Registered.
1
"
. .
Total
I
5
1,673
7
10
24
2
1.
203
4
21
4
35
1
45
1
31
658
33
8
2
3
1
81
6
730
3
12
2,331
2,300
76'
1
71
1,304
10
25
2
1
204
4
•21
4
35
1
8
2
3
1
89
6
730
3
12
7
33
1
18
194
2
28
29
45
3
32
658
36.
1
1
Operated.
33
1
18
208
2
28
29
1
76
1
1
Registered.
10
10
Total
registered.
Total
operated.
66
1
50
209
. 4
30
30
2
141
1
23
45
2
3
523
5
47
12
104
2
1
46
3
36
1,346
'72
5
11
112
3
43
170
18
. 821
4
18
5
57
1
37
195
4
30
30
1
135
1
20
40
2
3
417
5
42
12
83
2
1
46
1
35
1,258
54
3
8
73
3
40
136
15
800
4
15
5
4,014
3,614
627
COMMISSIONER OF I N T E E N A L K E V E N U E .
STATEMENT SHOWING THE NUMBER OF FRUIT DISTILLERIES REGISTERED AND OPERATED
DURING THE FISCAL YEAR ENDED JUNE 30, 1900,^ BY COLLECTION DISTRICTS.
District.
Alabama
Arkansas
California:
First district
Fourth district
Colorado
Connecticut
Florida
Georgia
•.
Illinois:
First district
Fifth district
Eighth district
Thirteenth district
Indiana:
Sixth district
Seventh district
Iowa
.0
Kansas
Kentucky:
Second district
Fifth district
Sixth district
Seventh district
,.
Eighth district
Louisiana
Maryland
Massachusetts, third district
Missouri:
First district
Sixth district
Nebraska
Registered.
33
18
110
98
2
31
1
76
2
1
2
5
9
16
2
1
52
26
1
45
80
4
50
4
27
8
1
Registered.
Operated.
33 New Jersey:
First district
. 18
Fifth dikrict
100 New Mexico
94 New York: !
First district
2
Fourteeiith districjfc...
31
Twentypfirst district..
Twenty-eighth district
76
North Carolina:
2
Fourth Idistrict
Fifth district
1
2 Ohio:
First district
5
Tenth district
•
8
Eleventh district
Eighteenth district...
16
L...
2 Oregon
1 Pennsylvania:
First district
52
Twenty-third district.
26 South Carolina
Tennessee:'
Second district
45
Fifth district
80
4 Texas, Fourth district
50 Virginia: ,
Second, district
4
Sixth district
27 West Virginia
8
Total
1
Operated.
23
22
4
23
22
2
1
18
1
12
1
17
1
12
82
576
82
576
2
18
6
7
II
1
1
1
26
55
6
647
12
83
647
12
2,300
STATEMENT SHOWING THE NUMBER AND CAPACITY OF GRAIN AND MOLASSES DISTILLERIES IN OPERATION AT THE BEGINNING OP EAJCH MONTH DURING THE FISCAL
Y E A R ENDED J U N E 30, 1900, AND THE FIRST T H R E E MONTHS OF THE PRESENT
FISCAL YEAR.
Number of distil- Capacity of grain
leries.
distilleries.
Month.
Grain.
Spirits.
447
386
396
413
489
596
Bushels.
58,673
40,770
43,126
62,266
79,882
86,219
Gallons.
260,416
183,394
192,153
279,132
353,503
379,660
Qallons.
8,172
7,231
4,900
9,510
9,233
9,542
Gallons.
6,846
6,146
4,165
8,084
7,771
Gallons.
267,262
189,540
196,318
287,216
361,274
387,693
633
649
728
741
647
544
350
320
302
92,657
81,162
81,275
104,123
108,873
81,307
49,724
. 39,968
26,467
407,984
346,808
356,633
449,552
475,968
360,089
220,520
178,334
212,502
9,321
11,102
11,102
11,107
9,407
9,222
6,512
5,491
7,479
7,845
9,360
9,359
9,440
7,992
6,663
5,519
4,669
415,463
354,653
365,993
458,911
485,408
368,081
227,183
183,853
217,171
Grain. Molasses.
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
Capacity of molasTotal
ses distilleries. spirit-producing
capacity
Molasses. Spirits. per day.
1899,
1900,
628
REPORT ON T H E FINANOES.
COMPARATIVE STATEMENT SHOWING THE NUMBER AND CAPACITY OF GRAIN AND
MOLASSES DISTILLERIES IN OPERATION ON THE 1ST DAY OP SEPTEMBER IN EACH
OF THE YEARS 1880 TO 1900, INCLUSIVE.
N u m b e r of distilleries.
C a p a c i t y of g r a i n
distilleries.
C a p a c i t y of m o l a s ses distilleries.
G r a i n . Molasses.
Grain.
Molasses.
Date.
September—
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893...-1894
1895
1896
1897
1898
1899
1900
:
!....
-
372
298
198
387
294
212
305
293
399
376
467
425
437
403
426
348
387
360
350
396
302
6
5
7
7
8
8
9
8
5
5
6
.7
6
4
3
3
3
3
2
3
3
Bushels.
60 013
70 193
57,755
56,859
47,855
. 42,594
46,180
50,355
33 294
40 946
48 946
43 655
30 379
23,425
20,477
16,278
20 408
28 655
20 630
43,126
26,467
Spirits.
Gallons. Gallons.
275 364
8,899
272 806
8,573
227,973
10,426
224,107
8,721
189,308
8,814
174,295
7,122
181,223
8,853
199,100
6,460
141 963
6,465
172 526
3,574
190,777
7,425
186,693
8,511
126,961 . 4,926
95,391
7,295
84,375
4,156
68,454
2,527
79,221
5,797
123,638
6,314
170,884
1,478
192,153
4,900
212,502
5,491
Spirits.
Gallons.
1 564
7 287
8,861
6,818
7,424
6,054
7,524
5,493
3 798
3 037
0 6 311
7 418
4 188
6,201
3,533
2 188
4 928
5 366
1 256
4 165
4 669
Total
spiritproduci n g capacity
per day.
Gallons.
282,928
280 093
236,834
230,925
196,732
180,349
188,747
204,593
145,761
175 563
197,088
194,111
131,149
101,592
87,908
70,642
84,149
129,004
172,140
196,318
217,171
STATEMENT SHOWING THE NUMBER OP GRAIN DISTILLERIES OP DIFFERENT CAPACITIES REGISTERED AND OPERATED DURING THE FISCAL Y E A K
ENDED J U N E 30, 1900, BY COLLECTION DISTRICTS.
•
Daily spirit Daily grain
capacity
capacity
not exceed- not exing 30 gal- ceeding 5
lons.
bushels.
District.
o
'6
B
M
Alabama
Arkansas
California, First district
Colorado
Connecticut
Florida
Georgia
Illinois:
First district
Fif t h d i s t r - i c t . . . . . . .
Eighth district
Thirteenth district
Indiana:
Sixth district .
Seventh district
Kansas
Kentucky:
Second district
Fiftbdistrict.
Sixth district
Seventh district
Eighth district
Maryland
Massachusetts, Third district
Missouri:
First d i s t r i c t . . . .
Sixth district
Montana
Nebraska
NewJersey, Fiftbdistrict
27
25
1
i
48
'6
B
.2
i
bo
o
21
20
18
10
15
10
8
16
1
1
41
32
1 1
o
ft
O
"bo
27
22
Daily grain
capacity
exceeding
10 bushels
and not
exceeding
20 bushels.
'bo
6
8
1
21
ft
O
4
4
1
I
1
4
5
1
2
1
1
2
55
15
32
6
28
1
18
54
2
8
33
23
31
13
27
3
5
17
1
25
14
16
5
ie
52
1
8
30
1
2
7
1
1
4
7
8
4
7
16
23
9
20
:;::;:;::;;;
'd
1
2
2
1
o
ft
B
B
'bo
1
ft
1
4
6
i
'6
1
s-l
•1
o
6
1_
1
1
3
1
4
5
1
1
4
2
5
1
1
3
1
1
1
4
5
......
2
2
- 1
1
ft
O
B
B
f
24
19
1
2
2
1
59
1
5
2
1
6
4
2
1
5
3
1
3
4
9
11
7
6
10
5
4
19
6
9
4
6
71
85
22
47
93
27
1
48
64
15
31
55
22
1
29
40
1
1
1
16
32
1
1
1
2
1
1
1
3
1
2
7
3
4
3
1
3
1
1
2
9
3
4
3
1
2
2
1
33
32
1
2
2
1
65
1
1
i
ft
O
1
2
1
OJ
|
Total.
'd
1
1
i
'6
B
p^
1
2
6
6
5
4
5
1
Daily grain
capacity Daily grain
exceeding
capacity
100 bushels exceeding
and not
500
exceeding
bushels.
500 bushels.
•
1
1
1
1
1
Daily grain
capacity
exceeding
60 bushels
and not
exceeding
100 bushels.
o
o
1
1
3
6
Daily grain
capacity
exceeding
40 bushels
and not
exceeding
60 bushels.
1
1
4
- —-_ _
1
4
7
Daily grain
capacity
exceeding
20 bushels
and not
exceeding
40 bushels.
OJ
ca
bo
-. ..
-
Daily grain
capacity
exceeding
5 bushels
and not
exceeding
10 bushels.
7
30
8
12
15
6
1
6
2
3
4
7
26
4
9
12
6
5
20
7
9
7
6
1
1
1
1
1
1
1
)
G5
CO
STATEMENT SHOWING THE NUMBER OF G R A I N DISTILLERIES OF DIFFERENT CAPACITIES REGISTERED AND OPERATED DURING THE FISCAL Y E A R
ENDED J U N E 30, 1900, BY COLLECTION DISTRICTS—Continued.
Daily grain
Daily spirit Daily g r a i n capacity
exceeding
capacity
capacity
5 bushels
not exn o t exceedand not
i n g 30 g a l - c e e d i n g 5
exceeding
bushels.
lons.
10 b u s h e l s .
District.
t
'd
-d
1 1 1
B
CO
s-l
o
ft
O
New York:
First district
Fourteenth district
Twenty-first district
Twenty-eighth district
North Carolina:
F o u r t h district
...:
Fifth district
Ohio:
First district
T e n t h district i . .
Eleventh district
Eighteenth district
Oregon
Pennsylvania:
First district
'Ninth district
Twelfth district
Twenty-third district.
South Carolina
Tennessee:
Second district
Fiftbdistrict
Texas, F o u r t h district
Virginia:
Second district
Sixth district
AA'^est V i r g i n i a
Wisconsin
i
1 1
1
• o
o
Daily grain Daily grain Daily grain Daily grain
capacity
capacity
capacity
capacity
exceeding
exceeding exceeding exceeding
10 b u s h e l s 20 b u s h e l s 40 b u s h e l s 60 b u s h e l s
and not
and not
and not
and not
exceeding exceeding exceeding exceeding
20 b u s h e l s . 40 b n s h e l s . 60 b u s h e l s . 100 b u s h e l s .
P^
t
1
'd
g
OJ
'd
'd
B
B
B
"5)
s-l
<y
«^
ft
O
ft
O
fA
Daily grain
capacity
Daily grain
exceeding
capacity
100 b u s h e l s e x c e e d i n g
and not
500
exceeding
bushels.
500 b u s h e l s .
t
1
;
227
439
213
373
209
340
5
2
4
1
1
1
2
2
2
1
1
1
1
1
7
'24
7
26
1
4
1
1
6
3
11
2
11
2
1
1
1
5
5
.
2
3
5
38
36
29
28
10
33 .
1
8
43
30
2
2
7
5
8
5
1
6
3
80
3
3
60
2
3
54
2
3
39
• 1
2
11
1
4
2
•
26
2
23
1
1
5
1
5
5
1
1
9
1
24
2
5
1
12
1
6
2
10
2
9
1
1
3
1
2
2
3
5
4
1
1
1
i
2
1
2
1
8
8
2
2.
1
1
2
4
1
1
1
1
1
3
1
1
2
3
1
5
2
3
.
2
1
1
9
1
1
2
1
•
1
7
2
2
1
1
1
1
1
1
1
2
1
2
1
1
1
1
O
219
381
w
9
2
11
14
4
5
2
8
6
1
12
27
19
52
42
8
19
10
34
39
52
29
12
1
1
1
1
1
234
454
1
1
1
1
1
4
3
4
2
1
1
3
1
7
6
7
9
48
5
11
-.
hj
O
fA
-.
3
2
2
^6
B
1
•l 1 • 1
ft
O
1
1
1
1
224
411
'6
'd
B
OJ
.
---
Total.
37
18
9
4
87
6
5
4
66
3
5
!^.
GC
NUMBER OF
GRAIN
DISTILLERIES OP DIFFERENT CAPACITIES REGISTERED AND OPERATED DURING THE
STATES AND TERRITORIES.
FISCAL Y E A R ENDED J U N E 30, 1900,
BY
Daily grain
Daily grain
Daily grain
Daily grain
Daily grain
Daily grain
Daily spirit
capacity
capacity
capacity
Dailj'' g r a i n
capacity
capacity
capacity
Daily grain
capacity n o t ex- capacity n o t ex- exceeding 5
e x c e e d i n g 20
e x c e e d i n g 10
e x c e e d i n g 40
e x c e e d i n g 60 e x c e e d i n g 100
capacity
ceeding
ceeding
b u s h e l s a n d n o t b u s h e l s a n d n o t b u s h e l s a n d n o t b u s h e l s a n d n o t b u s h e l s a n d n o t b u s h e l s a n d n o t e x c e e d i n g 500
5 bushels.
30 g a l l o n s .
e x c e e d i n g 40
e x c e e d i n g 20
e x c e e d i n g 10
e x c e e d i n g 60 e x c e e d i n g 100 e x c e e d i n g 600
bushels.
bushels.
bushels.
bushels.
bushels.
bushels.
bushels.
states a n d Territories.
nd
a>
1
1
1
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Idaho
Illinois
Indiana
Kansas
Kentucky
Maryland
Massachusetts
Missouri
Nebraska
New Jersey
New York
North Carolina .
Ohio.
.
Oklahoma.
Oregon
Pennsylvania.
South Carolina
Tennessee
Texas
Virginia
Washinsrton
AA'^est V i r g i n i a
AVisconsin
s-l
ft
'bo
B
B
•
p
o
1
1
M
'bo
o
fA
'd
'6
B
B
i
1
1
|
fA
27
21
18
15
8
6
4
1
2
25
20
10
10
16
8
4
1
1
1
1
B
'd
B
1
B
fA
48
Total
'd
B
ft
O
•a
o
1
1
0)
1
1
1
-.
1
'p
2
1
1
B
B
5
2
142
2
41
5
2
79
1
54
40
666
5
5
586
2
3
11
38
53
11
83
2
3
1,183
6
36
34
8
63
1
2
951
32
27
22
3
23
5
29
4
1
7
4
33
5
4
1
20
10
12
8.
26
31
3
3
13
12
13
7
6
5
6
1
10
9
6
6
23
20
11
6
2
2
1
1
11
39
549
1
778
i2
1
1
56
1
948
i
9
4
97
1
1
28
30
2
42
1
1
6
1
1
1
2
3
2
48
1
1
29
43
2
57
1
2
1
1
4
2
3
635
1
1
1
1
4
6
1
2
3
3
15
. 2i
1
261
3
2
26
188
87
46
1
34
2
10
2
4
18
1
9
1
3
71
2
I
9
7
3
1
1
3
18
3
1
2
' 2
1
-
16
3
1
2
.1
72
6
57
6
8
7
48
6
42
6
1
1
1
4
1
1
2
117
1.
2
1
1
4
2
2
1
1
1
4
4
2
6
5
2
1
4
11
11
11
1
9
7
2
2
2
2
1
1
1
2
1
6
1
13
1
1
2
1
2
102
81
. 97
88
1
21
16
40
36
632
REPORT ON T H E F I N A N C E S .
COMPARATIVE STATEMENT OF DISTILLERIES REGISTERED AND OPERATED
DURING THE FISCAL YEARS ENDED JUNE 3 0 , 1 8 9 9 AND 1 9 0 0 .
The Avhole number of grain distilleries registered during the fiscal
year ended June 30, 1900, As^as 1,673, of which number 1,304 were
operated.
The numbers registered and operated during the fiscal year ended
June 30, 1899, were 1,675 and 1,286, respectively, showing a decrease
during the last fiscal year of 2 in the number registered and an increase
of 18 in the number operated, as appears in the table following:
TOTAL GRAIN DISTILLERIES REGISTERED AND OPERATED DURING THE FISCAL YEARS
ENDED J U N E 30, 1899, AND 1900.
Condition.
1900.
Registered.
Operated . .
1,675
1,286
Increase (-i-)
or
decrease(—).
1,673
1,304
—2
+18
There was a decrease of 4, both in the number of distiUeries registered
and in the number operated, of the class having the smaller capacities
for the production of spirits.
In the class of larger distilleries there was an increase df 2 in the
number registered and of 22 in the number operated.
During the fisca;l year ended June 30, 1899, there were registered
1,438 distilleries of the smaller class, varying in daily grain capacity
from not over 5 to not over 60 bushels each, and of this number 1,103,
or 7 6 + per cent, were operated.
Of the larger distilleries, having daily grain capacities varying from
over 60 bushels and not over 100 bushels to several thousand bushels
each, 237 were registered, and 183, or 7 7 + per cent, were operated.
During the fiscal year ended June 30,1900, of the smaller distilleries
1,434 were registered; and 1,099, or 7 6 + per cent, were operated.
Of the larger distilleries 239 were registered, and 205, or 85 per cent,
were operated.
These figures may be tabulated as follows:
GRAIN DISTILLERIES OF SMALL CAPACITY AND OF LARGE CAPACITY REGISTERED AND
OPERATED DURING THE FISCAL YEARS ENDED J U N E 30, 1899 AND 1900.
Small capacity.
Condition.
1899.
Registered .
Operated...
1900.
1,438
1,103
Large capacity.
Increase
(-r) or decrease (—).
1,434
1,099
- 4
- 4
1900.
237
183
239
205
Increase
(-I-) or deIcrease ( - ) .
-f 2
+ 22
MOLASSES DISTILLERIES.
There were 10 molasses distilleries registered and 10 operated, being
a decrease of 1 in the number registered during the previous year.
COMMISSIONER OF INTERNAL R E V E N U E .
633
FRUIT DISTILLERIES.
There were 2,331 fruit distilleries registered and 2,300 operated
during the fiscal ,year ended June 30, 1900, a, decrease of 38? in the
number registered and of 321 in the number o^^erated from the previous
fiscal year.
TOTAL DISTILLERIES REGISTERED AND OPERATED.
The total number of grain, molasses, and fruit distilleries registered
during the fiscal year ended June 30,1900, is 4,014, and the total number operated is 3,614, a decrease of 390 in the number of all kinds of
distilleries registered and of 303 in the number operated during the
previous fiscal year.
STATEMENT SHOA\'ING THE QUANTITIES OF GRAIN AND OTHER MATERIALS U S E D FOR THE PRODUCTION OP DISTILLED SPIRITS DURING THE
Y E A R ENDED J U N E 30, 1900, BY COLLECTION DISTRICTS.
Malt.
District.
Alabama
Arkansas
California, First district
Colorado
Connecticut
Florida
Georgia
Illinois: .
First district
Fifth district ..
E i g h t h district
.'
Thirteenth district
Indiana:
Sixth district
Seventh district
Kansas
Kentucky:
Second d i s t r i c t . . . .
Fifth district
Sixth district
Seventh district
E i g h t h district
Louisiana
Maryland
Massachusetts, Third district
Missouri:
Firstdistrict
Sixth district
Montana
Nebra.ska
New Hampshire
New Jersey, Fifth district
New York:
First district
F o u r t e e n t h district
Twenty-first district
Twenty-eighth district
N o r t h Carolina:
F o u r t h district
Fiftbdistrict
Bushels.
4,407
1,509
4,564
22
5,985
60
11,330
Bushels.
Bushels.
619
4,884
22
19
Other materials.
Bushels.
1,702
323
14,397
Bushels.
27,161
12,579
Bushels.
i85
13,515
360
65,442
Bushels.
33,270
15,120
23,845
229
34,576
480
76,772
148,094
4,059,991
1,856,548
83,866
180,000
4,754,752
2,096,157
109,402
Rye.
19,550
541,961
208,211
12,793
32
54,598
338,194
364
28
38,631
59,373
199
559,850
2,776,137
3,143
62,572
290,346
67,415
112,663
79,454
8
4,042
328
2,128
220
19,372
462,565
139,706
185,902
94,554
414,341
1,476,656
323,131
647,768
528,711
•
39
Bushels.
Gallons.
71
. Bushels.
Gallons.
o
O
659,687
3,173,704
3,734
6,576
141
866
136,188
2
496,293
2,233,750
631,445
948,461
.702,980
136,188
1 1
—
888,416
888,416
945,935
1,780
i74,7i6
780
1,189
3,129
66
15,735
11,943
28,020
375,464
30,250
45,375
45,375
57,498
3,657
10,371
18,950
194,758
5,013
2,823
28,046
• 226,095
5,030
88,025
29,562
79,952
157,850
o
478,351
13,700
101,219
76,558
8,252
18,844
>
1,847,418
121,000
958
2,740
198
45,215
578
392
846
2,797
10
957
1,847,418
14,482
34,745
3,061
436,414
• 26,190
26,190
8,045
18,835
2,304
96
5
191
.
.
164
143
40
CD
CO
Total.
646,374
832
123,316
168
..
M i l l i e e d . Molasses.
Oats.
12,356
152,800
31,398
12,743
Barley.
Corn.
15,076
60
Wheat.
FISCAL
98,722
195,816
143
4a
Ohio:
Firs! district .
T e n t h district
E l e v e n t h district
E i g h t e e n t h district
Oregon
Pennsylvania:
First district
N i n t h district . . .
Twelfth district
Twenty-third district
South Carolina
Tennessee:
Second district
Fifth district
Texas, F o u r t h district
Virginia:
Second district
Sixth district
West Virginia
Wisconsin, First district
Total
. . .
;
165,849
7,989
10,145
2,202
22
33,223
8,266
349
233,903
4,677
"
4,267
19,721
637.
285.821
16,333
6,652
13,057
15
1,184,457
57,698
. 88, 901
2,054
115
151,741
77,995
12,768
1,092,334
3,014
10,751
6,688
1,239
75,479
32,092
3,875
17,862
457
42,916
169,563
6,718
408
683
22,242
53,155
101,264
1,976
31,142
1,420
343,541
1,328
4,070,861
16,277,034
67
1,251
55
4
3,908
845
986
172
198
448
241
169
5,480
12,086
75,940
102
280
2,721,124
27,225
1,642,862
82,020
105,905
18,564
210
6,735
,
140
3
8,250
195,719
96,857
15,201
1,402,702
. 39,955
665
611
o
o
51,704
207,517
8,053
371
15,414
8,250
2,906,645
2,930
59,144
66,661
521,818
665
23,114,262
)—I
w
w
o
.
2,906,645
O
H
te
<
te
te
a:oo
0:>
CO
MATERIALS USED FOR THE PRODUCTION OF DISTILLED SPIRITS.
STATEMENT SHOWING THE QUANTITIES OF GRAIN AND OTHER MATERIALS U S E D FOR THE PRODUCTION OF DISTILLED SPIRITS DURING THE FISCAL
Y E A R ENDED J U N E 30, 1900, BY STATES AND TERRITORIES.
States a n d Territories.
Alabama
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia .
Idaho
Illinois
Indiana
Kansas
Kentucky
Louisiana
Maryland
Massachusetts
Missouri
Nebraska
:
NewHampshire
Ne,w J e r s e y
New York
North Carolina
Ohio
Oklahoma Territory
Pennsylvania
South Carolina
Tennessee
Texas
Virginia
W a s h i n g t o n '.
"West V i r g i n i a
Wisconsin . .
Barley.
Bushels.
4,407
1,509
4,564
22
5,985
211
60
11,330
198
782,515
392,792
9
612,450
Bushels.
Bushels.
619
4,884
22
19
123,105
168
. 3,698
45,215
•.
Wheat.
578
2,797
. 32
6,726
1,238
39
10
Corn.
Oats.
Mill
feed.
Molasses.
Other
materials.
Bushels.
1,702
323
14,397
Bushels.
27,161
12,579
Bushels.
Bushels.
Gallons.
Bushels.
15,076
725
60
Malt.
185
13,515
630
360
65,442
66
209,297
98,004
9
902,099
6,i48,499
3,335,987
105
3,390,607
645,649
832
4,318
15,735
i74,080
780
39,963
375,464
Rye.
6,576
1,006
136,188
888,416
944,369
1,780
49,227
436,414
957
1,847,418
30,250
90,476
26,880
186,185
355
275,741
4,677
23,988
637
5,649
22
12,086
75,940
2,721,124
408
2,400
1,318
28
5,739
198
241
382
55
27,225
45,375
230,640
27,096
321,863
190
1,334,838
3,014
21,737
457
22,925
15
53,155
101,264
45,375
348,712
237,802
1,333,110
3,038
94,157
32,092
212,479
6,718
33,118
115
1,420
343,541
1,328
4,070,861
16,277,034
196
4
172
448
665
164
121,000
669,828
294,538
1,849,351
3,611
1,710,479
39,955
259,221
8,053
62,074
210
66,661
521,818
665
23,114,262
183
6,875
8,250
371
.
3
15,414
The average yield per bushel of grain was
= 4.46-1- gallons of spirits.
23,114,262
„.^..^
719 082
The average yield per gallon of molasses used for the production of spirits was ggg'^-j^g = 0.809-1- of a gallon.
of molasses used for the production of rum was 1,614,514 = 0.7994- of a gallon.
2,018,229
611
2,906,645
Gallons.
O
fed
136,188
888,416
O
1,847,418
26,190
26,190
Total
The average
http://fraser.stlouisfed.org/yield per gallon
Federal Reserve Bank of St. Louis
2
Total.
Bushels.
33,270
15,120
23,845
229
.34,576
1,566
480
76,772
3,061
7,140,311
3,833,391
123
4,912,929
71
05
183
8,250
W
te
>
o
te
CQ
2,906,645
COMMISSIONER OF INTERNAL R E V E N U E .
637
COMPARATIVE STATEMENT OP MATERIALS USED AND SPIRITS PRODUCED DURING THE
LAST TEN FISCAL YEARS.
Year.
.892.
L893.
.897.
Total
Average
Grain used.
Spirts produced
from grain.
used to
produce
spirits.
Spirits produced from
Bushels.
26,347,641
26,489,827
29,030,409
19,716,818
18,057,107
18,630,618
13,131,891
17,260,246
21,580,468
23,114,262
Gallons.
114,178,077
112,812,723
126,545,017
87,340,897
78,172,512
82,456,153
59,154,877
77,443,199
96,295,933
103,151,104
Gallons.
Gallons.
3,507,609
4,441,482
2,591,382
943,355
888,416
213,359,287
21,335,928
937,550,492
93,755,049
12,372,244
2,474,449
used to
produce
ruin.
Rum produced.
2,642,322
3,310,771
1,978,468
768,654
719,082
Gallons.
2,368,171
2,550,759
2,775,752
2,598,409
2,219,547
1,891,356
1,711,860
1,772,113
1,977,305
2,018,229
GaUons.
1,784,312
1,956,318
2,106,765
1,846,595
1,777,083
1,490,228
1,294,157
1,340,546
1,494,379
1,614,514
9,419,297
1,883,859
21,883,501
2,188,350
16,704,897
1,670,489
In this table, as prepared prior to the fiscal year ended eTune 30,1896,
;he grain used included the molasses used for the production of spirits
)ther than rum reduced to its equivalent in grain, and the spirits proluced included the spirits from both grain and molasses.
The quantity of grain used for the production of spirits during the
iscal year ended June 30,1900 (23,114,262 bushels), shows an increase
)f 1,533,794 bushels over the quantity used in the preceding fiscal year
21,580,468 bushels) and is 1,778,334 bushels more than the average
21,335,928 bushels) for the last ten years.
The number of gallons of spirits produced from grain during the
rear (103,151,104 gallons) shovrs an increase of 6,855,171 gallons over
he product of the fiscal year ended June 30,1899 (96,295,933 gallons),
nd is 9,396,055 gallons more than the average product (93,755,049
;allons) for the last ten years.
The yield of spirits from each bushel of grain used was 4.46+
allons.
The yield for the two preceding years was 4.48+ gallons for 1898
nd 4.46+gallons for 1899.
The quantity of molasses used for the production of spirits during
he fiscal year ended June 30, 1900 (888,416 gallons), shows a decrease
f 54,939 gallons from the quantity used in the preceding fiscal year
943,355 gallons) and is 1,586,033 gallons less than the average (2,474,449
gallons) for the last five years.
.
The quantity of spirits produced from molasses during the year
(719,082 gallons) shows a decrease of 49,572 gallons from the product
If the previous year (768,654 gallons) and is 1,164,777 gallons less than
he average product (1,883,859 gallons) for the last five years.
The quantity of molassesused for the production of rum during the
iscal year ended June 30,1900 (2,018,229 gallons), shows an increase of
!o,924 gallons over the quantity used in the preceding fiscal year
11,977,305 gallons) and is 170,121 gallons less than the average (2,188,350
-allons) for the last ten years.
The quantity of rum distilled from molasses during theyear (1,614,514
•allons) shows an increase of 120,135 gallons over the product of the
Previous year (1,494,379 gallons) and is 55,975 gallons less than the
verage product (1,670,489 gallons) for the last ten years.
638
REPORT ON T H E FINANCES.
STATEMENT SHOWING THE QUANTITY OF E A C H K I N D OF FRUIT BRANDY PRODUCED
DURING THE FiSCAL Y E A R ENDED JuNE 30, 1900, BY COLLECTION DISTRICTS.
Apple.
Alabama
Arkansas
First California
Fourth California
Colorado.
Connecticut
Georsria
Firstlllinois
Fifth Illinois
Eighth Illinois
Thirteenth Illinois
Sixth Indiana
Seventh Indiana
Fourth Iowa
Kansas
Second Kentucky
Fifth Kentuckv
Seventh Kentucky
Eighth Kentucky
Gallons.
Grape.
•
Gallons.
632
308
23
503 2,073,861
986,217
42
498
779
.81
54
272
322
23,930
1,548
100
408
4,816
1,041
34,505
27
i
Maryland
Third Massachusetts
First Missouri
Sixth Missouri
Nebraska .
^
First New Jersev
Fifth New Jersey
New Mexico
First New York
Fourteenth New York
Twenty-first New Y'^ork
Twentv-eiffhth New York
Fourth North Carolina
Fifth North Carolina
First Ohio
Tenth Ohio
Eleventh Ohio
Eighteenth Ohio
Oregon
First Pennsylvania
....
Twenty-third Pennsylvania
South Carolina
Second Tennessee
Fifth Tennessee .
. . . .
Fourth Texas
Second Virginia
Sixth Virginia
West Virginia
Peach.
Gallons.
3,386
24,139
60
District.
. .
342
30,177
. 26,892
4,613
9,483
64
52,861
2,330
2,759
426
35
85,580
51,040
6,139
39,921
4,442
25,289
1,110
25,876
15,057
.'..
1,562
1,708
253
7,786
• 614
148
4,102
39,971
199
2,549
75,017
1,895
Berry.
Prune.
Gallons.
Gallons.
85
40
235
14
*
•
110
299
41
773
907
302
17,513
1,448
5
1,411
54,302
93
2,221
134
99
30
108
20
30
35
419
ii
Total.
Gallons.
4,018
24,470
97 2,074,521
625
986,842
364
24,428
2,408
513
.. .
272
359
408
4,901
1,423
34,505
27
235
30,177
26,892
4,613
9,483
64
59,000
2,440
3,072
426
35
85,580
51,081
773
752
1,659
39,921
4,442
42,802
2,588
25,980
16,468
54,604
1,562
3,929
657
177
7,786
614
256
4,102
39,971
219
2,584
75,477
1,895
639
COMMISSIONER OF I N T E R N A L R E V E N U E .
STATEMENT SHOWING THE QUANTITY OF E A C H K I N D OP FRUIT BRANDY PRODUCED
DURING THE FISCAL Y E A R ENDED J U N E 30, 1900, BY STATES AND TERRITORIES.
Apple.
Alabama ,
Arizona
Arkansas
California ^
Colorado . . . . ' .
Connecticut
Delaware
Georgia
Illinois
Indiana
Iowa
Kansas
Kentuckv
Louisiana
Maryland
Massachusetts
Missouri
Nebraska.
New Jersey
New Mexico
Ne\7 York
North Carolina
Ohio
Oregon
Pennsyl vania
Rhod e Island
South Carolina
Tennessee
Texas
Virginia
Washington
West Virginia
'
GaUons.
24,139
60
.322
23,930
13,982
1,548
5,324
35,546
27
..
Total
Peach.
Gallons.
3,386
States and Territories.
71,165
64
38,879
2,330
3,185
35
136,620
69,652
26,986
18,327
232
8,400
'..
148
44,073
199
77,566
21
1,895
608,041
Grape.!
GaUons,
632
757
308
23
503 3,060,078
42
32
81
342
Berry.
Prune.
Gallons.
GaUons.
722
779
411
40
359
235
6,139
14
110
29'9
99
302
50
41
I'e
18,42;0
1,4^3
57,934
42
752
30
95
466
108
20
30
43
454
92
11
7,688 3,142,707
41
82
2,010
Total.
Gallons.
4,018
757
24,470
3,061,363
36^.
23,962
13,982
2,408
6,094
35,928
27
235
71,165
64
45,018
2,440
3,498
35
136,661
16
88,824
28,568
76,563
419
8,400
466
256
44,073
219
78,061
238
1,895
3,760,487
640
REPORT ON T H E FINANCES.
STATEMENT SHOWING THE NUMBER OF GALLONS OF SPIRITS RECTIFIED IN THE UNITED
STATES DURING THE Y E A R ENDED J U N E 30, 1900, BY COLLECTION DISTRICTS.
Districts.
Alabama
,
Arkansas
California:
First district
Fourth district and Nevada
Colorado and Wyoming
Connecticut and Ilhode Island
Florida
Georgia
,
Illinois:
First district
,
Fifth district
Eighth district
Thirteenth district
Indiana:
Sixth district
Seventh district
Iowa:
Third district
Fourth district
Kansas
Kentucky:
Second district
Fifth district
Sixth district
Seventh district
Eighth district
Louisiana and Mississippi
Maryland, Delaware, and District
• of Columbia
Massachusetts
Michigan:
First district
Fourth district
Minnesota
Missouri:
First district
-.
Sixth district
Montana, Utah, and Idaho
Nebraska and Dakotas
New Hampshire, Maine, and Vermont
Gallons.
255,769.22
44,179.12
2,572,529.26
140,681.14
88,264.09
594,216.86
205,783.66
5,170,015.12
1,530,866.00
179,588.46
69,553.19
182,241.90
681,049.44
44,063.90
32,184.51
2,753.30
636, 354.33
3,708, 217.00
2,074, 051.47
132, 020.86
901,942.72
5,547, 398.18
4,419, 623.20
321,981.75
838,732.07
2,423, 363.81
802, 397.38
67, 836.89
448, 240.04
Districts.
New Jersey:
First district
Fiftbdistrict.
New Mexico
New York:
First district
Second district
Third district
Fourteenth district . . .
Twenty-first district...
Twenty-eighth district,
North Carolina:
Fourth district
Fifth district
Ohio:
First district
Tenth district
Eleventh district
Eighteenth district
Oregon and Washington . .
Pennsylvania:
First district
Ninth district
Twelfth district
Twenty-third district .
Tennessee:
Second district
Fifth district
Texas:
Third district
Fourth district
Virginia:
Second district
Sixth district
,
West Virginia
Wisconsin:
First district
,
Second district
Total
Gallons.
85,551.37
379,056.86
33,887.09
.,'437,588.10
1,835,157.26
: 690,174.36
,
349,314.93
287,148.36
,604,794.80
216,848.15
450,472.70
,249,190.80
575,617.38
78,085.43
825,392.51
218,426.16
» 710,053.58
,
154,582.16
264,096.65
. 610,234.64
,
245,499.06
855,020.00
217,997.91
106,015.63
, 036,205.70
83,475.42
169,306.08
,510,392.90
91,608.41
74,508,420.04
STATEMENT SHOWING THE NUMBER OF GALLONS OF SPIRITS RECTIFIED IN THE UNITED
STATES DURING THE Y E A R ENDED J U N E 30, 1900, BY STATES AND TERRITORIES.
States and Territories.
Gallons.
States and Territories.
Alabama
'..
Arkansas
California and Nevada
Colorado and Wyoming
Connecticut and Rhode Island
Florida
Georgia
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana and Mississippi
Maryland, Delaware, and District
of Columbia
Massachusetts
Michigan
Minnesota
Missouri
255,769.22
44,179.12
2,713,210.40
88,264.09
594,216.86
Montana, Idaho, and Utah
Nebraska
New Hampshire, Maine, and Vermont
New Jersey
New Mexico and Arizona
New York
North Carolina
Ohio
Oregon and Was.hington
Pennsylvania
Tennessee
Texas
Virginia
West Virginia
Wisconsin
205, 783.66
6,950, 022.77
863, 291.34
76, 248.41
2, 753.30
6,550, 643.66
901, 942.72
5,547, 398.18
4,419, 623.20
321, 981.75
838, 732.07
3,225, 761.19
Total
Gallons.
67,836.89
448,240.04
21, 326.77
464, 608.23
33, 887.09
13,204, 177.81
667, 320.85
12,728', 286.12
218, 426.16
8,738, 967.03
1,100, 519.06
324, 013.54
1,119, 681.12
169, 306.08
1,602, 001.31
74,508,420.04
QUANTITIES, IN TAXABLE GALLONS, OF DISTILLED SPIRITS GAUGED DURING THE FISCAL Y E A R ENDED J U N E 30,
1899,
BY COLLECTION DISTRICTS.
Distilled spirits o t h e r t h a n fruit brandies.
s
§
Withdrawn from warehouse.
Collection districts.
Alabama
Arkansas
First California
Fourth California.
Colorado
Connecticut ,
.
Florida
Georgia
.
.
First Illinois
Fifthlllinois
E i g h t h Illinois
Thirteenth Illinois
Sixth Indiana
Seventh Indiana
Third Iowa
Fourth Iowa
Kansas
Second-Kentueky....
Fifth K e n t u c k y .
Sixth Kentucky
Seventh Kentucky
Eighth Kentucky
Louisiana
.
Maryland
Massachusetts
IFirst M i c h i g a n
Fourth Michigan
Minnesota
First Missouri
S i x t h Missouri
Montana
Nebraska
New Hampshire
First New Jersey
Fifth New Jersey
New Mexico
D e p o s i t e d in
warehouse. On p a y m e n t
of t h e t a x .
. .
108,570
42,217
95,610
579
109,547
/
:
.. .
......
113,345
50,430
387,675
58
84,640
130,134
182, 666
183,381
1,587,318
1,670,355
22,692,043
19,440,411
9,888,986
7,889,791
470,612
465,414
2,411,180
2,554,199
10,839,908 * 10,308,854
6,264
1,736,-594- 8,184,621
2,967,232
3,234,152
3,656,176
768,653
2,386,903
1,367,708
1,865
1,.331,561
6,948,172
2,256,076
1,893,077
1,995,514
725,444
1,966,359
646,598
817,917
67,217
1,698
2,339,653
16,454
4,798
939,645
275,811
47
1,875,193
9,957
....
464,929
F o r scientific F o r t r a n s f e r
D u m p e d for
purposes
to manufac- For transfer
For export.
a n d u s e of t u r i n g w a r e - t o b o t t l i n g r e c t i f i c a t i o n .
the United
warehouses.
houses.
States.
437,692
392
8,816
•
7,058
167,577
7,164
2,088,095
120,512
64,775
479,660
11,441
818,421
.997,307
3,891
194,328
536,104
3,195
156,001
7,248
33,360
21,921
16,266
779
19,378
28,873
30,477
41,273
12,892
1,052
878,454
386
3r6W
1,700
1,698
3,089
225
357,624
2,972
5,'sis'
2,826
2,435
20,502
Rectified.
22,978
83r406^
23,848
78,353
32,185
10,759
209,166
7,323
2,285, 797
138,329
71,969
632,056
162,540
4,205,927
1,282,975
115,637
52,648
177,718
976,317
45,178
26,147
1,923
476,849
2,857,061
^015,504
192, 653
3,353
830,579
4,950,978
3,407,887
274,542
176,721
4,692,482
1,399,446
132,894
58, 698
202, 724
989,939
51,090
27,631
2,403
517,816
3,09870392,045,595
215,406
3,346
• 950,979
5,214,242
3,816,588
321,974
616,928
2,043,511
548,546
51,707
335,767
1,349
63,005
278,108
15,101
681,847
2,322,218
590,616
58.728
389; 266
1,400
61,329
304,562
17,458
Fruit brandies
produced, and
withdrawn
from s p e c i a l
bonded warehouses, t a x
p a i d , a n d free
of t a x ; also
t h a t u s e d for
fortification of
sweet wine.
8,335
14,216
3,598,528
1,459,205
175
12,771
182
22,194
98,375
274
51
616
596
1,407
952
2, 920
13,459
56,069 ^
40
1,256
6,619
337
33,415
1,752
22,458
3,519
20
16,474
22,164
3,797
Total
gauged.
o
o
606,993
121,350
8,483,020
1,718,104
222,138
I,264,168
182
727 502
12,258,348
46,000,165
19,559,770
1 051 083
5,347,196
23,178,954
96 268
54 730
15, 375
4,101,171
21,250,-355
9,342,683
6.649, 900
6,738,466
3,290,582
14,569,232
10 139 489
596,516
1,303,573
6,145,974
1,485,709
112,180
6,300,496
29,160
130, 808
1,507,455
36,748
o.
w
o
>
CD
QUANTITIES, IN TAXABLE GALLONS, OF DISTILLED SPIRITS GAUGED DURING THE FISCAL Y E A R ENDED J U N E 30, 1899,
BY COLLECTION DISTRICTS-
Continued.
Distilled spirits other t h a n fruit brandies.
W i t h d r a w n from warehouse.
Collection districts.
First New York
Second New York
Third New York
F o u r t e e n t h Nevv Y o r k
Twentv-first N e w York
Twenty-eighth N e w York .. .
Fourth North Carolina
Fifth North Carolina
First Ohio
T e n t h Ohio
Eleventh Ohio
Eighteenth Ohio
2...
Oregon
First Pennsylvania
Ninth Pennsylvania
Twelfth Pennsvlvania
Twenty-third Pennsylvania
South Carolina.
. .
Second Tennessee
Fifth Tennessee
Third Texas
Fourth Texa s
Second Virginia
Sixth Virginia
West Virginia
First Wisconsin
Second Wisconsin
Total
F o r scientific F o r t r a n s f e r
D u m p e d for
Deposited i n
purposes
to manufac- For transfer rectification.
w a r e h o u s e . On p a y m e n t F o r e x p o r t s .
a n d u s e of t u r i n g w a r e - t o b o t t l i n g
of t h e t a x .
warehouses.
the United
houses.
States.
1,403,303
1,513,310
705,329
240,383
175,659
518,517
7,892,215
193,733
695,879
64,480
750
608,731
383,134
45,868
4,644,294
109,873
130,996
550,477
229
673,678
272,437
164,162
493,129
7,583,249
103,364
569,271
49,215
4,074
464,399
299,783
43,456
3,386,690
109,995
93,946
560,070
16,274
2,073
108,317
224,472
1,904,401
18,625
754
129,743
174,171
1,999, 405
97,064,565
83,294,049
1,293
22,798
117
2,345
5,766
^
1,183
19,650
4,540
1,761
2,131
433
3,922
12,933
140,379
1,544
.3,228,230
819,116
257,220
417,848
I,i82,833
6,250,386
2,051,651
348, 606
237,457
1,290,156
74,137
369,969
7,378,592
519,165
57,283
682,623
170,400
6,270,934
122,931
232,605
1,151,937
1,272,020
6,624,213
2,310,304
369,191
252,412
1,364,152
99,627
424,531
9,126,822
561,715 ,
62,052
752,510
190,173
6,934,516
132,091
256,828
1,285,171
135,467
459,522
179,860
86,177
742,153
61,553
143,595
1,163,424
43,588
2,235
175
670
15,372
Rectified.
Fruit brandies
produced, a n d
withdrawn
from s p e c i a l
bonded warehouses, t a x
p a i d , a n d free
of t a x ; also
t h a t u s e d for
fortification of
sweet wine.
161,801
531,694
200,436
94,225- 1
851,119 I
68,223
159,717
1,326, 598
53,290
60,335,225
67,055, 508
48,622
225,589
•
.
10,284
2,107
86,496
21,231
17,463
139
77,558
87
2,958
5,393
2,624
107
12,905
70,622
2,158
12,737
30,398
371
6,031,925
a:
to
Total
gauged.
5,446,414
13,100,188
4,361,955
728,310
1,871,158
3,254,294
534,816
1,823,609
32,022 710
1,455,535
1,384,572
1,551,786
370,790
14,283, 515
944,206
578,757
10,628,353
219,975
535,115
2,172,385
380,296
217, 459
1,608,836
398,234
702,326
6,395,372
96,878
318,503,686
o
W
QUANTITIES, IN TAZABLB GALLONS, OF DISTILLED SPIRITS GAUGED DURING THE FISCAL Y E A R ENDED J U N E 30,
TERRITORIES.
1899,
Distilled spirits other t h a n fruit brandies.
W i t h d r a w n from warehouse.
states a n d Territories.
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
IVfaf y l a h d
........
Massachusetts
Michigan
Minnesota
Missouri
Montana
Nebraska
New H a m pshire
New Jersey
New Mexico
New York
North Carolina
Ohio
Oregon
Pennsylvania..
South Carolina
Tennessee
.
Texas
Utah
Deposited in
warehouse. On pajrment
of t h e t a x .
F o r scientific F o r t r a n s f e r
D u m p e d for
F o r transfer rectification.
purposes
to manufacFor export.
a n d u s e of t u r i n g w a r e - t o b o t t l i n g
warehouses.
the United
houses.
States.
Rectified.
BY STATES AND
Fruit brandies
produced, a n d
withdraAvn
from special
bonded warehouses, t a x
p a i d , a n d free
of t a x ; also
t h a t u s e d for
fortification of
sweet wine.
Total
gauged.
GQ
108,570
113,345
167,577
209,166
8,335
606,993
42,217
95,610
579
109,547
50,430
387,733
84,640
130,134
7,164
2,208,607
64,776
479,660
7,323
2,424,126
71,969
632,056
14,216
5,057,733
175
12,771
121 360
10,201,124
222,138
1,264,168
182
22,194
99,216
2,003
952
2,920
77,443
337
33,415
1,752
78,869,366
28,526,150
150, 998
15,376
46,082,576
3,290, 582
14,569,232
10,139,-489
596,516
1,303,573
7,631,683
112,180
5,300,495
29,160
1,638,263
36,748
28,762, 319
2,358,425
36,414,603
370 790
26,434,831
219,975
2,707,500
597,755
182, 666
29,465, 97i
12,863,053
6,264
19,778,775
768, 653
2^386, 9031,367,708
1,865
14,424,406
725,444
17966,-359
646,598
885, i34
1,698
2,339,653
16,454
464,929
8,816
7,058
11,441
183,381
34,638, 959
13,251, 088
...
M
O
182
727,502
."
.....'.
o
o
2,349, o i s
694,176
8,846,307
750
6,682,027
109,873
681,473
16,274
4,798
1,215,456
47
1,875,193
9,957
437,692
392
2,459,654
657,291
8,305,099
4,074
4,194,328
109,995
654,016
18,625
162,640
736,518
33,360
156,001
21,921
i e , 266
779
i2i,523
12,892
-IT 052 878,454
5,695
1,698
3,089
8,341
240,770
2,-.4.3520,602
10,759
357, 624
2,972
1,815,728
7,248
225
1,293
23,643
2,235
ib,372
2,131
19,650
4,540
8,228
1,183
14,694
144, 734
176,721
5,657,187
1,154,036
71,325
1,923
5,645,420
830,679
4._950,978
3;407,887
274,542
616,928
2,592,057
61,707
335,767
1,349
331,113
IS,101
11,361,089
444,106
8,637,663
170,400
7, 778,407
6,283,520
1,192,663
78,721
2,403
5,880,202
950,979
6,214,242
3,816,588
321,974
681,847
2,912,834
58,728
389,266
1,400
365,891
17,458
12,192,292
524,158
10,503,099
190,173
8,608,606
594,989
266,037
693,496
294,661
25,977
20
38, 638
3,797
373,098
38,694
80,742
5,393
2,624
107
83,527
2,168
o
cl
CO
QUANTITIES, IN TAXABLE GALLONS, OP DISTILLED SPIRITS GAUGED DURING THE FISCAL Y E A R ENDED J U N E 30, 1899, BY STATES AND
TERRITORIES—Continued.
Distilled spirits other than fruit brandies.
WithdraAvn from warehouse.
States and Territories.
Vermont
Virginia
Washington
West Virginia
Wisconsin
Total
Fruit brandies
produced, and
AVithdrawn
from special
bonded warehouses, tax
paid, and free
of tax; also
that used for
fortification of
SAveet wine.
Total,
gauged.
Deposited in
Avarehouse. On payment
of the tax.
For scientific For transfer
Dumped for
purposes
to manufac- For transfer rectification.
For export. and use of turing ware- to bottling
the United
warehouses.
houses.
• States.
110,390
130,497
803,706
919,342
43,135
2,007,070
224 472
1,904,401
174,171
1,999,405
143,695
1,207,012
i59,7i7
1,379,888
371
702,326
6,492,250
97,064,565
83,294,049
60,335,225
67,055,508
6,031,925
318,503,686
1,544
3,228,230
819,116
257,220
417,848
Rectified.
o
o
W
"^
a
QUANTITIES, IN TAXABLE GALLONS, OF DISTILLED SPIRITS GAUGED DURING THE FISCAL Y E A R
ENDED J U N E 30,
1900,
BY COLLECTION DISTRICTS.
Distilled spirits o t h e r t h a n fruit brandies.
WithdraAvn f r o m Avarehouse.
Collection districts.
Deposited i n
Avarehouse. O n p a y m e n t
of t h e t a x .
112,076
41,607
82,472
641
130,929
1,621
206,401
124,339
49,064
437,788
1,804
61,009
130,542
229.
201,897
910,383
22,736,002
9,760,644
455,665
2,988,650
15,356,339
Alabama
Arkansas
First California.
F o u r t h California
Colorado .
Connecticut
Florida
. . .
Georgia
Hawaii ..
First Illinois
Fifthlllinois
Eighth Illinois
Thirteenth Illinois
Sixth Indiana
Seventh Indiana
T^hird loAva
804,691
22,677,784
9,412,024
471,060
3,002,706
15,134,982
10,312
2,050,250
10,038,419
2,390,570
4,197,921
3.112,436
719,082
8,889,787
1,472,270
3,676
1,341,383
7,325,277
2,455,689
2,149,461
2,431,446
741,721
2,453,697
611,914
42,664
113,687
9,814
2,064,479
21,829
3,004
168,415
194,995
1,280
1,878,115
11,586
F o r scientific F o r t r a n s f e r
F o r t r a n s f e r D u m p e d for
purposes
o
u
a n d u s e of tt u r im a nw f a c - t o b o t t l i n g r e c t i f i c a t i o n .
For export.
n g a r e - Avarehouses.
the United
houses.
States.
7,388
11,049
207,801
41,572
2,377,887
121,695
79,199
525,829
•
6,212
101,882
856,230
14,920
1,840
64,003
ie,769
200,576
6,337
1,049
36,694
-
Kansas
Second K e n t u c k y
Fifth K e n t u c k y . .
Sixth Kentucky
SeA^^enth K e n t u c k y
Eighth Kentucky
Louisiana
Maryland
Massachusetts
First Michigan
Fourth Michigan
Minnesota
First Missouri.
S i x t h Missouri
Montana
Nebraska
.
.
NCAV H a m p s h i r e
First New Jersey
Fifth New Jersey
450,9i0
492,774
37,029
73,756
47,016
212,327
183,595
86,615
11,101
666,283
374
686
29,941
81,721
14,941
81^759
26,551
11,619
3,543
539
12,074
1,840
2,038
4,198
4,658
28,241
179
133,333
952
4,176
6,861
-
265,769
44,179
2,672,629
140,681
88,264
694,217
4,846
33,971
3,765,315
1,596,305
364
30,890
180,071
8,964
93
660,030
230,762
Rectified.
Fruit brandies
produced, a n d
AVithdrawn
from special
bonded warehouses, t a x
p a i d , a n d free
of t a x ; a l s o
t h a t u s e d for
fortification of
s w e e t Avine.
205,784
2,408
6,170,016
1,530,866
179,589
69,553
182,242
681,049
44,064
32,185
2,763
636,354
3,708,217
2,074,052
132,021
98,440
272
408
4,901
1,423
34,505
4,676,832
1,420,364
.164,815
61,896
161,778
676,671
39,000
-2S,1832,647
. 570,307
3,398,432
2,045,462
117,246
. 786,430
6,236,030
3,920,210
275,211
901,943
6,547,398
4,419,623
321,982
726,533
2,128, 630
733,493
64,863
387,283
20,034
75,847
;350,115
838,732
2,423,364
802, 397
67,837
448,240
21,327
86,551
379,057
27
1,'286
42,363
76,460
4,613
9,611
64
85,447
2,440
7,007
4,868
35
86,463
51,081
Total,
gauged.
o
o
704,831
210,293
9,263,392
1,859,385
229,477
1,412,500
1,750
795,561
ii,564,573
49,344,634
• 20,600,709
1,063,065
6,339,687
31,998,163
83,064
60 395
207574
4,708,001
24,714,687
9,031,173
6,895,887
5,775,713
3 237,695
17,234,354
11,120,981
697,193
1,568,269
4,770,259
1,849,340
143,794
4,921,522
74,776
247,861
1,724,889
OQ
CQ
l-l
O
o
H
fei.
fei
QUANTITIES, IN TAXABLE GALLONS, OF DISTJLLED SPIRITS GAUGED DURING THE FISCAL Y E A R ENDED J U N E 30, 1900, ETC.—Continued.
Distilled spirits o t h e r t h a n fruit brandies.
WithdraAvn f r o m Avarehouse.
Collection d i s t r i c t s .
NeAV M e x i c o
F i r s t NCAV Y o r k . . .
S e c o n d NCAV Y o r k
Third New York
Fourteenth New York
T w e n t y - f i r s t NCAV Y o r k
....
TAventy-eighth NCAV Y o r k
F o u r t h North Carolina
Fifth North Carolina
First Ohio
T e n t h Ohio
EleA^enth O h i o
E i g h t e e n t h Ohio
Oregon
. . .
First Pennsylvania
Ninth Pennsylvania
TAA'^elfth P e n n s y l v a n i a
TAventy-third P e n n s y l v a n i a . . .
South Carolina
Second Tennessee
Fifth Tennessee
Third Texas
Fourth Texas
.
. . .
Second Virginia
Sixth Virginia
West Virginia
First Wisconsin
Second Wisconsin
Total
Deposited i n
Avarehouse. O n p a y m e n t
of t h e t a x .
For export.
1,610,184
1,518,885
11,440
38,226
484,825
281,865
240,699
498,786
7,093,351
371,030
496,371
68,843
513
781,959
374,929
49,"261
6,004,386
119,292
146,922
759,718
493,261
264,339
235,504
495,729
6,428,337
100,995
515,072
53,289
9,489
525,048
387,784
44,342
3,754,997
116,472
135,237
684,205
22,480
6,746
176,515
273,202
2,218,147
14,165
3,618
142,658
187,896
2,185,535
105,484,699
92,971,108
F o r scientific F o r t r a n s f e r
D u m p e d for
F o r t r a n s f e r rectification.
purposes
to manufaca n d u s e of t u r i n g w a r e - to b o t t l i n g
warehouses.
the United
houses.
States.
2,979
23,749
7,512
3,679
4,546
193
3,068
i,672
1,107
73,178
540
10,758
153,499
•
86
217
2,134
2,468,256
1,084,082
356,320
420,719
.
29,709
1,345,136
6,396,277
2,359,715
336,865
276,748
1,531,595
136,215
384,330
9,210,623
572,937
74,017
737,293
193,858
6,840,606
•135, 814
236,748
1,431,222
33,887
1,437,588
6,835,157
• 2, 690,174
349,315
287.148
1,604;795
216,848
450,473
11,249,191
675,617
78,085
825,393
218, 426
6,710,054
154, 582
264,097
1,610,235
207,601
704, 901
191,089
98,219
897, 893
73,055
149,839
1,351,970
80, 111
26,856
172
1,160
10,089
Rectified.
245,499
855,020
217,998
106, 016
1,036,206
83,476
169, 306
1,610, 393
91,608
67,474,542
74,508,420
Fruit brandies
produced,and
AvithdraAvn
from special
b o n d e d A\ a r e houses, t a x
p a i d a n d free
of t a x ; also
t h a t u s e d for
fortification of
s w e e t Avine.
1,506
55,397
227,865
39,921
4,442
82,419
9,662
25,980
16,468
96,713
1,562
3,929
657
7,786
614
256
4,102
52,380
219
2,584
77,072
1,895
6,658,242
Total
gauged.
65,102
6,005,486
13,458,299
5,049,889
764, 327
1,546, 596
3,766,173
838,928
1,855,298
34,042,299
1,717,292
1,165,107
1,688, 747
422, 943
14,874,065
1,058, 762
594,448
13,039,429
236, 020
739, 361
2,956,224
409,087
241, 099
1,947,046
552,775
782,441
7,268,179
171,719
351,425,388
fel
o
fed
o-
fei
o
fej
w
QUANTITIES, IN TAXABLE GALLONS, OF DISTILLED SPIRITS GAUGED DURING THE FISCAL Y E A R ENDED J U N E 30, 1900, BY STATES AND TERRITORIES.
JDistilled s p i r i t s o t h e r t h a n f r u i t b r a n d i e s .
'
WithdraAvn f r o m Avarehouse.
states a n d Territories.
Alabama
Arizona
Arkansas
California..
Colorado
Connecticut
DelaAvare
Florida
Georgia
HaAvaii
Idaho
Illinois
Indiana
lOAva.
Kansas
Kentucky,
Louisiana
Maryland
Massachusetts
Michigan
Minnesota
Missouri
Montana
Nebraska
For export.
F o r scientific F o r t r a n s f e r
D u m p e d for
purposes
t o m a n u f a c - F o r t r a n s f e r rectification.
a n d use of t u r i n g Avare- t o b o t t l i n g
Avarehouses.
the United
houses.
States.
Rectified.
112,076
124,339
207,801
255,769
41,507
82,472
641
130,929
49,064
439, 592
61,009
130,542
41,572
2,499,482
79,199
525,829
44,179
2,713,210
• 88,264
694,217
4,846
757
33,971
5,360,620
364
30,424
13,982
1,521
205,401
229
201,897
180,071
205,784
2,408
33,862,584
18,344,989
33,365,559
18,137,687
890,792
14,920
10,312
21,789,596
719,082
3,889,787
1,472,270
3,676
16,703,156
741,7212,453,697
611, 914
553,723
-86,-615 ^
11,101
666,283
234,913
27,236
i,599
J., 84a J
2,038 ' " " " " ' " 4 , " 6 5 8 ' " " ' " " ' " ' 4 , ' i 9 8 "
28,241
133,333
4,176
9,814
2,064,479
21,829
450,910
3,004
363,410
1,280
1,878,115
11,686
492,774
2,415,100
739,485
8,029,595
513
7,210,535
2,276,486
731,233
7,097,693
9,489
4,712,171
119,292
906,640
22,480
116,472
719,442
14,166
ise,25i
NCAV H a m p s h i r e
NeAV J e r s e y .
New Mexico
NCAV Y o r k
North Carolina
Ohio
Oregon
Pennsylvania
Rhodelsland
South Carolina
Tennessee
Texas
Deposited i n
Avarehouse. On p a y m e n t
of t h e t a x .
Fruit brandies
produced, and
AvithdraAvn
from special
b o n d e d Avarehouses, t a x
p a i d , a n d free
of t a x ; also
t h a t u s e d for
fortification of
SAveet w i n e .
'
7,388
11,049
8,964
93
963,324
65,843
206,912
35,694
16,769
1,049
179
5,861
952
11,440
28,188
10,089
2,979
23,749
7,512
81,403
733
13,826
156,278
'*
6,212,897
838,449
67,183
2,547
6,131,447
786,430
5,236,-0303,920,210
275,211
726,533
2,862,123
64,863
387,283
20,034
425,962
29,709
12,245,336.
520,545
10,594,870
193,858
8,644,390
912,502
289,308
6,950,023
863,291
76,249
2,753
6,550, 644
901,943
5,547,-3984,419,623
321,982
838,732
3,225, 761
67,837
448,240
21,327
464,608
33,887
13,204,177
667,321
12,728,286
218,426
8,738,968
1,100,519
324,014
104,021
35,928
27
1,286
133,047
64
--71,4652,440
11,875
35
137,544
749
410,044
36,642
118,672
419
8,400
• 466
256
66,482
219
Total
gauged.
a
o
704,831
767
210,293
11,122,777
229,477
1,412,034
13,982
1,760
795,561
82,572,881
38,337,850
143,459
20,574
51,125,361
3,237,695
17.220,372
11,120,981
597,193
, 1,568,269
6,619.599
143,794
4,921,522
74,776
1,972,750
64,346
30,690,770
2,694,226
38,613,446
422,705
29,566,704
466
236,020
3,695,585
650,186
GD
Mi
O
fej
fed
fed
•?:'-
fej
<1
fel
a
fei
as
QUANTITIES, IN TAXABLE GALLONS, OF DISTILLED SPIRITS GAUGED DURING THE FISCAL Y E A R ENDED J U N E 30, 1900, etc.—Continued.
00
Distilled spirits other than fruit brandies.
Withdrawn from warehouse.
States and Territories.
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Total
Deposited in
warehouse. On payment
of the tax.
For scientific For transfer
Dumped for
purposes
to manufac- For transfer
For export. and use of turing ware- to bottling rectification.
the United
Avarehouses.
houses.
States.
Rectified.
Fruit brandies
produced, and
withdraAvn
from special
bonded warehouses, tax
paid, and free
of tax; also
that used for
fortification of
sweet wine.
Total
gauged.
fed
fel
Hd
-
183,260
146,276
970,948
273,202
2,218,147
187,896
2,186,535
217
105,484,699
92,971,108
2,468,256
2,134
1,084,082
149,839
1,432,081
86
356,32p
420,719
1,119,681
169,306
1,602,001
67,474,642
74,608,420
79,656
238
1,896
6,658,242
2,499,821
238
782,441
7,439,898
o
fed
H^
o
351,426,388
>^
W
fei
fej
)-(
>
o
fei
w
COMMISSIONER OF INTEKNAL E E V E N U E .
649
PRODUCTION OF FERMENTED LIQUORS IN THE SEVERAL COLLECTION DISTRICTS OP THE
U N I T E D STATES FOR THE FISCAL Y E A R ENDED J U N E 30, 1900.
Districts.
Alabama
Arkansas
First California
Fourth California..
Colorado
Connecticut
Florida
Georgia
Hawaii
Firstlllinois
Fifthlllinois
Eighth Illinois
Thirteenth Illinois.
Sixth Indiana
Seventh I n d i a n a . . .
Third Iowa
Fourth loAva
Kansas
Second Kentucky..
Fifth Kentucky
Sixth Kentucky . . .
Seventh Kentucky.
Eighth Kentucky..
Louisiana
Maryland
Massachusetts
First Michigan
Fourth Michigan . .
Minnesota
First Missouri
Sixth Missouri
Montana
Nebraska
:...
Barrels.
63,090
11,605
618,467
135,115
276,549
739,064
7,785
113,380
;, 322,020
143,360
151,167
193,163
478,243
369,719
135,386
110,217
8,965
14,064
288,596
164,689
16,347
10,410
236,083
.,025,028
.,802,736
661,850
245,306
706,280
!, 174,403
286,849
201,940
Districts.
NCAV Hampshire.
First New Jersey
Fifth New Jersey
New Mexico. J
First New York
Second New York
Third New York
Fourteenth New York
Twenty-first I^ew York
Twenty-eighth New Y o r k . . :
Fourth North'Carolina
Fifth North Carolina
First Ohio ....'.
Tenth Ohio.. |
Eleventh Ohio
Eighteenth 0.hio . . . '
Oregon
L
First Pennsylvania
Ninth Pennsylvania
Twelfth Pennsylvania
Twenty-third! PennsylA-ania.
South Carolina
Second Tennessee
Fifth Tennessee
Third Texas J
Fourth Texas
Second Virginia
Sixth Virginia
West Virginia
'
First Wisconsin
Second Wisconsin
Total.
Barrels.
294,076
85,448
065,236
4,048
660,935
370,067
772,131
384,779
510,704
224,492
383,980
482,160
402,924
780,894
332,511
488,209
183,020
656,807
,354,989
5,985
49,578
86,565
263,771
85,295
57,100
82,817
155,068
,734,957
422,779
39,330,849
P R O D U C T I O N O F F E R M E N T E D L I Q U O R S -IN T H E SEA^ERAL S T A T E S A N D T E R R I T O R I E S O F
THE U N I T E D S T A T E S F O R T H E F I S C A L Y E A R E N D E D J U N E 30, 1900.
States and Territories.
Alabama
.A^rkansas
California
Colorado
Connecticut . . .
Florida
Georgia
HaAvaii
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana.
Maryland
Massachusetts .
Michigan
Minnesota
Missouri
Barrels.
63,090
11,505
753,682
275,549
739,064
7,785
113,380
3,809,710
847,962
245,603
8,965
494,006
236,083
1,025,028
1,802,736
907,1^6
706,280
2,461,252
States and Territories.
Montana
Nebraska
New Hampshire.
New Jersey.;'- —
New Mexico
,
NCAV York.!.
201,940
238,848
294,076
2,150,684
4,048
9,923,108
North Carolina..
Ohio
1
Oregon — L
Pennsylvania
South Carolina..
Tennessee
Texas
1
Virginia
West Virginia . . .
Wisconsin.'
3,049,958
332,511
4,683,026
6,985
136,143
349,066
139,917
156,068
3,157,736
Total'.
39,330,849
650
REPORT ON T H E FINANOES.
DIVISION OF ASSESSMENTS.
The following statements relative to assessments; to spirits deposited in and withdrawn from distillery warehouses, general bonded
warehouses, and special bonded warehouses, the number and location
of each of the special and general bonded warehouses; and the names
of the proprietors thereof; to the exportation of spirits, fermented
liquors, tobacco, snuff, cigars and cigarettes, proprietary articles, and
pla5dng cards, in bond; to the exportation of distilled spirits, tobacco,
cigars, proprietary articles, and stills, with benefit of drawback; and
to the use of grape brandy, free of tax, in fortifying wines, are prepared from reports in the division of assessments.
ASSESSMENTS.
1. B Y STATES AND TERRITORIES,
1900.
The following statement shows the amount of assessments in each of
the several States and Territories of the United States, except where
two or more are comprised in one district, during the fiscal year ended
June 30, 1900:
states and Territories.
^52,722.28
Alabama.
42,588.69
Arkansas
432,790.99
California and Nevada
54,141.59
Colorado and Wyoming
469,476.20
Connecticut and Rhode Island
26,084.14
Florida
117,184.89
Georgia
4,454.00
Hawaii
662,810.81
Illinois
201,038.46
Indiana
,
• 260,835.85
Iowa
Kansas, Indian Territory, and Okla113,954.18
homa
267,176.29
Kentucky
140,905.46
Louisiana and Mississippi
Maryland, Delaware, and District of
963,030.89
Columbia
1,186,206.80
Massachusetts
219,899.65
Michigan . . :
169,693.11
Minnesota
318,012.45
Missouri
states and Territories.
Montana, Idaho, and Utah
Nebraska, North Dakota, and South
Dakota
Nev/ Hampshire, Maine, and Vermont
NeAV Jersey
NCAV Mexico and Arizona
New York
North Carolina...'.
Ohio.....
Oregon, Washington, and Alaska...
Pennsylvania
South Carolina
Tennessee
Texas
Virginia
West Virginia
Wisconsin . .<.
-.
Total
Amount.
S58,964.70
164.525.37
252,416.82
836,571.27
12,511.29
2,796,674.87
212.882.38
474,600.89
107,569.54
1,803,366.36
62,974.56
179,006.91
180,253.98
128,709.02
45,906.14
147,776.53
13,167,616.35
651
COMMISSIONER OF INTERNAL E E V E N U E .
2. B Y ARTICLES AND OCCUPATIONS, 1899 AND 1900.
The following table shows the assessments made by the Commissioner of Internal Revenue during the fiscal years ended June 30,1899,
and June 30, 1900, respectively, and the increase or decrease on each
article or occupation:
Assessed during f].scal year
ended—;
Fiscal year ended June
30,1900.
Description of tax by article or occupation.
Decrease
June 30,1899. June 30,1900. Increase over from 1899.
1899.
Tax on deficiencies in production of distilled
spirits
1^39,644.17
$22,972.21
$62,616.38
Tax on excess of materials used in the production of distilled spirits
3,749.92
3,133.74
Tax on circulation of banks and others
: 7,459.30
7,459.30
Tax on distilled spirits fraudulently removed
or seized; also taxes overdue
i261,593.58
253,072.58
Tax on fermented liquors not paid by stamp...
345,732.31
30,981.19
Tax on tobacco, snuff, and cigars removed
684,822. 65
from factory unstamped
26,706. 66
2,444.88
Tax on oleomargarine not paid by stamp
195.14
2,640.02
Assessed penalties
226,319.65
252,889.98
26,670.33
Tax on filled cheese
... ,
Tax on documentary stamps. Schedule A, etc
364,904.44
^82,779.38
617,874.94
Tax on case stamps
Special tax on capital of bankers.
2,750,869. 33 6,733,123.48 a3,982,254.15
Tax on gross receipts '.
823,983.39 1,001,604.05
177,620.66
128,914.68
151,067.34
22,162.66
Tax on industrial insurance
Tax on legacies and distributive shares
1,316,307.92 2,979,505.54 1,663,197.62
284.71
2.48
Tax on mixed flour
42,179.35- ' 48,883.30
Tax on proprietary articles, Schedule B, etc
6,703.95
211,004.19
102,660.86
313,665.05
Tax on telephone messages
3.68
2.88
Ta.x on playing cards
Unassessed and unassessable penalties, interest, deficiencies in bonded accounts Avhich
have been collected, taxes previously abated,
conscience money; also fines, penalties, and
forfeitures, and costs paid to collectors by
order of court or by order of Secretary, and
unassessable taxes recovered; also amount
of penalties and interest received for validating unstamped instruments (Form 58)
191,376.38
253,389.16
62,012.78
147,152.62
164,093.84
16,941.22
Special taxes (licenses)
Total
.
a Of this increase f
tofore.
.•
...:
7,539,038.11 13,167,616.35
6,610,865.56
$616.18
8,621.00
314,751.12
658,115.99
282.23
.80
982,287.32
8,041.46 is bank tax for current year, assessed one month earlier than here-
Taxes on deficiencies in the production of distilled spirits and on
excess of materials used by distillers abated before assessment during
the fiscal year ended June 30, 1900, are as !follows: One hundred and
fifty-nine claims received from grain distillers; amount of tax abated—
On excess of material used
".
On deficiencies in production of distilled spirits
$2,543.93
29, 226.05
Total
31,769.98
Ten claims received from fruit distillers, amount of tkx abated on deficiencies in production of distilled spirits
356. 86
Total ^rain and fruit
-..-. 32,126.84
652
BEPORT ON THE FINANCES.
STATEMENT AS TO STAMP TAXES ASSESSED.
All taxes payable by stamps, not paid at the time and in the manner
required by law, have been assessed and accounted for separately from
those not payable by stamps. The amount of stamp taxes so assessed
and accounted for is as follows:
Balance as per last report
$475,592. 06
Amount erroneously reported in district of Georgia
3.33
Amount assessed this year
262,974. 73
Total
738,570.12
Amount collected during the year
Amount abated during me yeair
Add as abated in Georgia district not heretofore credited
Balance on hand June 30, 1 9 0 0 . . . . . . .
228,027.98
397,453. 74
3.33
113,085.07
Total
. . - . - 738,570.12
INCREASED PRODUCTION OF SPIRITS.
The quantity of spirits (105,484,699. S.gallons) produced and deposited
in distillery warehouses during the fiscal year ended June 30, 1900, is
greater than the production (9Y,066,554.Y gallons) of the year 1899 by
8,418,145.1 gallons. The difference is distributed among the different
kinds as jEollows:
Increase in the production of—
Gallons.
Bourbon..
2,155,498.3
Rye
'.
3,503,743
Gin
330,257.8
Rum.........
120,134.3
Miscellaneous
5,420, 741
Totalincrease
Decrease in the production of—
Alcohol
High wines
Pure, neutral, or cologne spirits
11,530,374.4
1,238,583
171,089.5
1, 702,556.8
Total decrease
3,112,229.3
Net increase
8,418,145.1
DISTILLED SPIRITS DEPOSITED a IN DISTILLERY WAREHOUSES DURING THE PAST TWENTY-THREE YEARS.
Spirits Avarehoused.
Fiscal year ended June 30—
Fruit brandy,
GaUons.
178,544
69,340
129,086
240,124
381,825
223,977
200,732
312,197
329,679
673,610
Bourbon
AVhisky.
GaUons.
2,834,119
4,001,048
6,341,991
9,931,609
9,224,777
4,784,654
5,089,958
5,328,043
7,842,540
7,313,640 .
864,704
5,879,690
952,358
8,749,768
1,137,649
32,474,784
13,356,577
1,223,725
29,931,416
14,346,389
29,017,797
13,436,827
2,044,893
16,702,240
1,250,276
40,835,873
1,330,289
15,518,349
10,026,544
915,677.3 18,717,152.7 12,321,542.8
1.301,188.3 16,936,862.4
9,153,066.6
620,780.8
6,113,726.2
4,269,220. 2
918,246.7 13,439,468.9
8,818,240
1,-2377681.-2 17,-256^330.-8 10,-792,826.1
1,498,208.9 19,411,829.1 14,296,668.1
1878
1879
1880
1881
1882
1883
1884
1886
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
Gallons.
6,405,520
8,587,081
15,414,148
33,632,616
29,576,667
8,662,245
8,896,832
12,277,750
19,318,819
17,016,034
7,463,609
21,960,784
R y e AVhisky,
Alcohol.
Gallons.
10,277,725
19,594,283
21,631,009
22,988,969
15,201,671
10,718,706
12,385,229
13,436,916
11,247,877
10,337,036
11,075,639
10,939,135
11,354,448
12,260,821
14,490,987
12,250,380
10,570,070
8,819,923.6
9.960.301.1
9.503.353.2
11,672,794.8
11,-974,-35410,735,771
Rum.
Gin.
Gallons.
Gallons.
1,603,376
364,963
2,243,455
372,776
2,439,301
394,668
2,118,506
649,596
1,704,084
569,134
1,801,960
645,768
1,711,158
641,724
2,081,165
639,461
1,799,952
656,607
1,857,223
747,025
1,891,246
872,990
1,471,054
1,029,968
1,657,808
1,202,940
1,784,312
1,293,874
1,966,318
1,338,617
2,106,766
1,424,490
1,864,596
1,287,977
1.777.083.5 1,176,669
1.490.227.6 1,098,375.7
1,294,156.9
1,159,314
1,340,546.6 1,267,579.6
.l,-494,_379..3 _ 1,266,823..4
1,614,513.6
1,697,081.2
High wines.
Gallons.
19,412,985
18,033,652
15,210,389
14,363,681
10,962,379
8.701,951
Pure, neutral,
or cologne
spirits.
6,746,688
3,236,889
Gallons.
11,108,023
13,469,486'
20,657,976
23,666,608
27,871,293
28,295,253
28.638.680
27,104,382
2,396,248
2,410,923
1,016,436
1,029,496
555,572
1,007,070
633,590
449,209
126,506
209.699.3
198,298.6
206.738.4
174,124.4
420,832. 6
249,743.1
26.538.681
27,066,219
29,476,913
30,439,354
34,022,619
36,356,126
37,690,335
37,677,062
35,377,116
21,062,215.6
25,564,738.3
16,877,306. 6
20,613,205.3
26,876,228.1
24,173,671:3
Miscellaneous.
Total.
Gallons.
Gallons.
4,096,342
56,281,597
6,600,840
71,961,961
8,266,789
90,484,356
10,586, 666
117,968,274'
10,744,156
106,234,986
10,502,771
74,237,285
11,426,470
75,636,471
10,811,757
76,227,660
10,543,756
80,674,059
11,084,500
78,505,209
12,603,883
71,144,110
13,738,952
90,310,868
14,652,180
110,413,577
19,983,382
117,186,114
16,204,570
116,813,934
17,306,773
129,902,058
14,434,336
90,535,781
16,865,308.8
80,865,272.6
22,187,832.7
87,889,891.3
23,041,833.3
63,086,428.6
23,436,264
81,680,460.1
27,984,781.4 & 98,304,235.9
33,405,62274 106:982,908.7
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This does not shoAv spirits redeposited, but shoAA'^s spirits produced, except fruit brandy, not deposited in special bonded warehouses.
Includes 1,967.6 gallons seized, released, and restored to Avarehouse in the sixth district of Virginia.
or
00
STATEMENT OF THE QUANTITY IN TAXABLE GALLONS OP E A C H K I N D OF SPIRITS, AS KNOWN TO THE TRADE, WITHDRAWN FROM DISTILLERY
WAREHOUSES T A X P A I D DURING THE FISCAL Y E A R ENDED J U N E 30, 1900.
[Quantities in taxable gallons.]
Bourbon
Avhiskj'-
District.
Alabama
Arkansas
First California
Fourth California
Colorado
Connecticut
Florida
Georgia
Firstlllinois
Fifth Illinois
Eighth Illinois
Thirteenth Illinois
Sixth I n d i a n a
Seventh Indiana
Kansas
Second Kentucky
Fifth Kentucky
Sixth K e n t u c k y .
. .
Seventh Kentucky
Eighth Kentucky
Louisiana
Maryland .
.
Third Massachusetts
Minnesota
First Missouri
Sixth Missouri
Montana
Nebraska
NCAV Hampshire
Fifth NeAV Jersey
First NCAV York
TAventv-first New York
TAA'^enty-eighth New York
Fourth North Carolina
Fifth North Carolina
First Ohio
Tenth Ohio
R y e AVhisky.
Alcohol.
Rum.
Gin.
High wines.
Pure, neutral,
or c o l o g n e
spirits.
Miscellaneous.
124,338.8
43,603.1
27,847.7
1,804.3
352.3
5,560.5
21,872.1
12,494.1
2,642.1
130,541.6
228.9
132.7
4,817.7
52,578.7
966.3
155.714.8
3,444,444.9
1,853, 645
116,721.8
133,076.9
331,256.7
57,627.6
26,668.7
115,546.8
1,235,076.6
2,789.4
25,286.6
69,292
2,188.3
2,910.6
33,273.5
26,242.7
3,673.3
1,277,279.9
6,161,357.4
1,211,305.7
1,968,977.7
2,317,637.5
7; 929.5
533.394.8
281,857.6
174,811.2
113,105
2,815.4
4,497.7
870.7
172.6
1,709,807.3
356,85L8
1,967.5
i,675.8
42.616.5
82.490.6
•
1.327.8
2,710.2
1.057.9
462.2
11,581.6
672,284.1
32,010.9
348.2
17,802,716.7
4,552,728.4
11,823.2
7,118
773,153
201,764.6
511,081.1
1,020,119.3
2,829,321.5
339, 604.7
2,927,513
13,005,685.2
102.6
168,968.3
1,658.6
44,214
7,171.7
29,872.3
321,676.3
265,534.1
49,720.9
787,300.9
4,801.8
703.9
19,078.4
469,043.9
582,041.9
9,929
45,739.2
3,628.2
12,120.2
106,877.6
32,789.6
1,096,246 ^
1,280
65,285.1
11,586. 3
115,271
..
"...
16,287.8
128.1
38,905.3
591.6
262,385:8
100,954.1
427,700. 2
4L3
179,967.8
575,143
155,754.1
69,802.1
i52,095.4
790,795.6
45,439.7
128,992.4
142.9
64,283.6
224.8
313,395.9
816.7
74,626.7
58.1
541, 337.6
^
23,954.4
337,011.3
433.4
230,294.3
495,729.4
4,882,700.3
Aggregate.
124,338.8
49,063.6
64,856
1,804.3
352.3
130,541.6
228.9
201,897.3
804,690.5
22,677,784.0
9,412.023.9
471,060.3
3,002,704.8
15,134,982.3
3,675.8
1,285,209.4
6,793,027.7
2,455,588.7
2,149,461.4
2,431,446.4
741,720. 5
2,453,697.1
611,914.2
3,003.6
168,414.8
83,548.5
1,280
1,878,115.4
11,586.3
492,773.9
1,518,886.4
493,261.2
264,338.9
230,944
495,729.4
6,428,336.5
100,995.4
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Eleventh Ohio
Eighteenth Ohio.
Oregon
First Pennsylvania
Ninth Pennsylvania
TAvelfth Pennsylvania .
TAventy-third Pennsylvania
South Carolina
Second Tennessee
Fifth Tennessee
Fourth Texas
Second Virginia
Sixth Virginia
West Virginia
First Wisconsin
7,701.2
2,802.3
7,684.4
67.2
.
. .
.
211.4
8,128.9
55,980
Total
13,609,623. 6
Tax paid during the year ended June 30,1899.. 12,732,003.4
19,364. 9
50.044. 7
'508
522,369.4
357,064.4
42,005.1
3,679,473.2
343
7,902.4
74.6
112.4
87,750
171,258.4
65,612.8
4,896.5
43,338.5
60.6
345,311.4
94,399.4
442.5
1,296.7
2,483.6
30,684.8
2,337
64,250.4
116,128.8
135,237.2
676,091
14,090.2
3,505.4
54,869.2
8,508. 3
1,198,749.8
515,072. 4
- 53,289.6
9,489.1
625,047.7
387,783.9
44 342.1
3,737,608.6
116,471.8
135,237.2
684 204.8
14,164.8
3,617.8
142, 657.6
187.895.6
2,185' 635.1
26,304,844. 3 30,790,227.9
22,612,'884
26,839,225. 3
91,815,701 1
82,322,363.3
127.6
34.7
434.4
3,450. 6
38.4
579,461.6
8,536,830. 3 10,006,100.9
7,881,476. 5 9,777,024.5
186,518.8
762,654.6
698,944. 6
211.8
1,646,859
1,369,121.2
258,560.5
411,683.8
99,000.3
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656
BEPORT ON THE FINANOES.
INCREASED WITHDRAWALS OF TAX-PAID
SPIRITS.
The .quantity of tax-paid spirits (91,816,701.1 gallons) withdrawn
from distillery warehouses during the fiscal year ended June 30,1900,
is greater than the quantity (82,322,363.3 gallons) withdrawn from
distillery warehouses during the fiscal year ended June 30, 1899, by
9,493,337.8 gallons, the increase being distributed among the different
kinds known to the trade, as follows:
Increase in withdrawals of—
Bourbon whisky
Rye whisky
Alcohol
Rum
Gin
Pure, neutral or cologne spirits
Miscellaneous
Total increase
Decrease in withdrawals of high Avines
Net increase
-
-
1
877,620.2
655,353.8
- 229,076.4
63, 710
177,737.8
3, 691,960. 3
3,951,002.6
9, 646,461.1
153,123. 3
9,493, 337. 8
The quantity, as stated by the chief of the Bureau of Statistics,
upon which a customs duty was paid equal to the internal-revenue
tax for the fiscal year ended June, 30, 1900, is 764,195.4: gallons.
The tax-paid withdrawals from general bonded warehouses and the
amount of tax paid for bottling in bond under the act of March 3,1897,
as well as the regular tax-paid withdrawals and spirits upon which a
customs duty was paid equal to the internal-revenue tax, are shown
in the following table:
S P I R I T S U P O N W H I C H T A X AVAS P A I D D U R I N G T H E FISCATV Y E A R E N D E D J U N E , 30,
1900.
Gallons.
Tax paid on regular withdrawals at distillery warehouses
91, 815, 701.1
Tax paid at distillery warehouses for bottling in bond
420, 719. 2
Tax paid at general bonded warehouses
1,155,407.5
Spirits upon which a customs duty equal to the internal-revenue tax
was paid upon reimportation
764,195.4
Total
94,156,023.2
The quantity (94,156,023.2 gallons) of spirits upon which tax was
paid during the year ended June 30,1900, is greater than the quantity
(84,614,652.1 gallons) upon which tax was paid for the same purposes
during the fiscal year ended June 30, 1899, by 9,541,371.1 gallons.
The above statements are exclusive of fruit brandy, of which there
were tax paid at special bonded warehouses 973,402.1 gallons, including 203.5 gallons of brandy withdrawn for bottling in bond.
The quantity of spirits in distillery warehouses and general bonded
warehouses June 30, 1899, the tax on which became due during the
fiscal year ended June 30, 1900, was 5,238,003.5 gallons, and that the
quantity in such warehouses June 30, 1900,.the tax on which becomes
due during the fiscal year ending June 30,1901, was 7,956,078.9 gallons,
or 2,718,075.4 gallons more than during the preceding year. In this
connection attention is called to the fact that the quantity of spirits in
such warehouses June 30, 1900, the tax on which becomes due during
the fiscal year ending June 30, 1902 (notwithstanding the fact that the
spirits have almost two years in which to remain in warehouse), was
only 6,312,653 gallons.
COMMISSIONER
OF I N T E R N A L
REVENUE.
657
INCREASE OF LEAKAGE ALLOWED.
The increase of leakage allowed, as compared with the year 1899, is
1,773,379.3 gallons, and is distributed among the different kinds known
to the trade as follows:
Increase of leakage allowed for—
Bourbon whisky
Rye Avhisky....
iPure, neutral, or cologne spirits
Miscellaneous
Gallons.
1,043,405.8
575,509
70, 364. 9
90, 726. 5
..-..
Totalincrease
Decrease in—
Alcohol
Rum
Gin
H i g h wines
1,780,006.2
-
2,438.7
1,240.1
2,1.01.5
846.6
Total decrease-
6, 626.9
Net increase
1,773,379.3
DISTILLED SPIRITS ALLOW^ED FOR LOSS BY LEAKAGE OR EVAPORATION
IN DISTILLERY WAREHOUSES.
The quantity of spirits (6,684,911.4 gallons) reported as lost by leakage or evaporation in warehouse is that portion of actual leakage in
warehouse from packages withdrawn from distilleiy warehouses during
the year which has been allowed in accordance with the provisions of
section 17 of the act of May 28, 1880, section 50 of the act of August
28, 1894, and section 1 of the act of March 3, 1899.
The following statement shows the quantit}^ of spirits, as per original
gauge, withdrawn from warehouses for all purposes during the stated
period, and the amount and percentage of leakage allowed thereon
under the provisions of the acts named: .
Total quantity
withdrawn.
Year.
] 880
]881
1882
1883
1884
1885
1886 .
1887
1888
1889
1890.
1891
1892
1893
1894
1895
1896
1897
1898.-:
1899
1900
.
.
.
.
:
-•
•
.
...
:
Leakage
alloAved.
Gallons.
18,199,283
84,335,900
80,281,611
83,291,190
92,022,593
a 90,925,782
& 78,566,767
70,782,951
74,391,751
81,879,458
88,066,945
92,761,985
100,094,159
108,353,427
99,107,108
c82,681,445.2
^73,66,^,134
6 74,662,498.8
/86,837,485.6
9 93,334,063.8
h104,200,309.2
GaUons.
lb,834
811,466
1,231,336
2,291,013
3,858,494
4,424,314
1,806,868
1,833,681
2,209,327
3,145,111
2,932,249
2,420,256
3,532,810
5,072,164
5,626,803
3,633,171.1
2,614,783.6
3,501,579.2
4,348,006.3
4,911,532.1
6,684,911.4
P e r c e n t a g e of
withdrawals.
.096
.962
1 533
2.750
4 193
4.866
2 299
2 591
2.969
3.841
3 329
2.609
3.529
4 681
5.677
4 273
3.549
4 689
5.007
5 262
6.416
a Includes 7,750,696 gallons stamped for export not actually withdrawn.
6Includes 2,494,091 gallons stamped for export not actually withdrawn.
c Includes 2,216,452.2 gallons transferred to general bonded warehouses, and on which leakage will
be allowed on final withdrawal.
(^Includes 7,408,518 gallons transferred to general bonded warehouses, and on which leakage will be
allowed on final withdrawal.
eIncludes 4,358,010 gallons transferred to general bonded warehouses, and on which leakage will be
allowed on final withdrawal.
/ I n c l u d e s 765,697.5 gallons transferred to general bonded warehouses, and on which leakage will be
allowed on final withdrawal.
^ Includes 1,287,257.1 gallons transferred to general bonded warehouses, and on- which leakage will
f
be allowed on final withdrawal.
/iIncludes 1,317,466.7 gallons transferred to general bonded warehouses, and on which leakage will
be allowed on final withdrawal.
n 1900- -42
EXPORTATION OF DISTILLED SPIRITS, BY DISTRICTS, WITHDRAWN FROM DISTILLERY WAREHOUSES IN
1900.
cn
00
[Quantities in taxable gallons.]
Bourbon
whisky.
District.
F i r s t California
Fifth Illinois.
E i g h t h Illinois
Seventh Indiana
Second K e n t u c k y
Fifth Kentucky
Sixth Kentucky
Seventh Kentucky
Eighth Kentucky
Louisiana
Maryland
Third Massachusetts
Nebraska.
.
Fifth New Jersey
First New York
First Ohio
First Pennsylvania
Ninth Pennsylvania
Twentv-third Pennsvlvania
West Virginia ..
Alcohol.
Rum.
Gin.
High
wines.
2,08L6
95,095.5
223,340.8
14,439
25,501
61,358.9
41,136.1
159,924.3
178,520
•
7,796.5
7,099.7
W i t h d r a w n d u r i n g t h e y e a r e n d e d J u n e 30,1899.
Miscellaneous.
'463.2
: 557,138.2
• • -321
: :481.3
.
3,343.7
4,275.2
51,239.6
6,075.1
444.2
78,039.1
Grand total.
Pure, neutral,
or c o l o g n e
spirits.
1,829
245.1
133.2
•256.5
6,50L7
11,062.9
. . .
Total
W i t h d r a w n to be exported in bottles
Rye
Avhisky.
666,282.8
132,884.1
952.1
448.4
ii,275
165. 3
3,669.6
3,679.5
4,329.1
70,153.2
217.4
1,869.8
466,440.3
13,958.4
157,997.4
4,020.2
559,024.8
666,727
1,076.8
480,398.7
162,017.6
559,024.8
666,727
1,076.8
101,609.9
39,587.7
2,173,508.7
3,171.3
831.7
879,490. 3
662.9
..............
. 17,338.9
Aggregate.
2,544.7
660,030.2
230,761 5
14,920.3
25,501
64,835.8
46,112
211,163.9
183,595.1
86,614.9
11,062.9
666,282.8
133,332.5
952.1
11,440.3
9,542.4
3,679.6
4,329.1
70,153.2
217.4
2,437,071.6
18,599.9
17,338.9
963.6
568,466.4
621.3
569,087.7
2,455,671.5
10,732.9
27,394.7
3,233,960.7
feci
o
o
W
HH
>
o
GQ
COMMISSIONEE
OF
USTTEENAL
659
REVENUE.
DECREASE IN THE EXPORTATION OF DISTILLED SPIRITS.
The quantity of spirits (2,455,671.5 gallons) withdrawn for exportation during the fiscal year ended June 30, 1900, is less than the
quantity (3,233,950.7 gallons) so withdrawn during the fiscal year
ended June 30,1899, by 778,279.2 gailons, the decrease being distributed among the different kinds as known to the trade, as follows:
Decrease in—
Alcohol
Rum
H i g h wines
Gallons.
1, 614, 483. 9
212,763.3
963. 6 •
:
:
Total decrease
Increase in t h e withdrawals of—
Bourbon whisky
Rye whisky
Gin
P u r e , neutral, or cologne spirits
Miscellaneous
,
Gallons.
1,828,210.^
378, 788. 8
122,429.9
413.9
6, 606
541,693
Total increase
1, 049, 931. 6
Net decrease
778,279.2
EXPORTATION OF DISTILLED SPIRITS.
B Y FOREIGN COUNTRIES AND BY KINDS, FROM DISTILLERY WAREHOUSES, DURING THE
Y E A R ENDED J U N E 30, 1900.
[Quantities in taxable gallons.]
Kinds.
Country to which
exported.
Africa
Australia
Belgium
Brazil
Canada
Central America
Chile
China
Colombia
Cuba
Denmark
Ecuador
England
France
Germany
Hawaii
Italy
Japan
Madeira
Malta
Mexico
Norway
Peru
Philippine Islands
Porto Rico . . .
Spain
Urueruav
VGnG7uelfi
West I n d i e s
Tax paid
'..
Bourbon
whisky.
Rye
whisky.
1,514.6
33.2
Alcohol.
•
Pure,
Miscella- n e u t r a l ,
or
neous.
cologne
spirits.
Aggregate.
66.9
Gin.
Rum.
357,769.9
134.4
188,386. 7
78,458.8
2, 096.4
4,111.1
12,431.3
2,693.5
1,797.1
483.2
2,052. 3
136.7
475.3
4,037.8
• 34.3
182.6
787.6
2,822.6
429.4
411,489
137,578. 6
5,373.8
2,620.-8
33
233,043.9
74.4
150.7
31, 567. 3 10,313
1,520.6
108.6
67.2
11,264.1
3,832. 8
1,422
414.4
4,368.7
74.6
256.5
16,446.6
3,576.9
432.5
201.4
2,037.2
141.8
3,838.3
5,695.4
575.9
1,584.3
25.6
303,534.5
1,339.6
549,120.6
•
801.6
75.6
1,177.1
165.3
37.8
2,445.9
254.9
30,843.9
7,709.5
7,099.7'
559,024.8 480,398. 7 162,017.6 1,076.8 569,087.7 17,338. 9 666,727
Total
Total during t h e
year ended J u n e
662.9 28,358.3 10,732.9 879,490.3
2,173,508.7 101, 609.9 39,587.7
30,1899
357,769; 9
1,681.5
33 2
134.4
194,577.9
105 105.9
141.8
21,940. 6
3,378.1
6,666
171
208.2
307,144.7
429.4
- 550 407.1
7,994.6
33
782,164.5
74.4
150.7
44,202.5
108.6
142.8
16,274
2,001.7
4,368.7
74.6
37.8
48,099
254.9
2,455,671.5
3,233, 950.7
Of the above-mentioned quantities of spirits 16,433.8S proof gallons were exported in bottles under the act of March 3, 1897.
660
REPORT ON T H E FINANOES.
STATEMENT OF THE QUANTITY, IN TAXABLE GALLONS, OF E A C H K I N D OP SPIRITS AS
KNOWN TO THE TRADE TRANSFERRED FROM DISTILLERY WAREHOUSES FOR BOTTLING
IN BOND FOR EXPORT DURING THE FISCAL Y E A R ENDED JUNE 30, 1900.
Bourbon
whisky.
District.
Rye
whisky.
Second Kentucky
Fifth Kentucky
Sixth Kentucky
Seventh Kentucky
Maryland
Pirst Ohio
Ninth Pennsylvania
Twenty-third Pennsylvania.
11,527.8
858.9
471.3
1,100.4
319.3
Total.....
During the year ended June 30,1899.
13,958.4
11,175.1
Miscellaneous.
4,020.2
6,254
Aggregate.
11,527.8
1.178.2
903.8
1,163.2
38.2
546.9
216.5
3.025.3
432.6
62.8
38.2
358.1
216.6
;, 026.3
18,599.9
17,592.6
621.3
163.5
Of the quantity of spirits withdrawn from distillery warehouses
during the fiscal year ended June 30,1900, the following were exported
in bottles under the act of March 3, 1897, viz:
[Quantities in proof gallons.]
District.
Second KentuckyFifth Kentucky
Sixth Kentucky
Seventh Kentucky
Maryland
First Ohio
Ninth Pennsylvania
Twenty-third Pennsylvania.
Bourbon
whisky.
Rye
whisky.
11,119.28
796.20
461.10
1,072.11
305. 64
Aggregate.
432
58.65
35.10
271.08
215.46
;,010.20
135
567
161.19
3,896.13
6,028.23
13,448.69
10,798.27
Total during year 1899 .
Miscella-
11,119.28
1,101.84
893.10
1,130.76
35.10
406.08
215.46
3,010.20
17,911.82
16,987. 69
SPIRITS REMOVED IN BOND FOR EXPORT.
The following statement shows the quantity and percentage of production of distilled spirits removed in bond for export during each
fiscal year since the passage of the act of June 6, 1872:
Taxable
Percent(proof) gal- age of
lons
producexported.
tion.
Year.
1873
1874
1875
1876
1877
1878
1879.
1880
1881
1882
1883.
1884
1886.
1886
.
2,358,630
3.4544,060,160
5.904- 1
587,413
.96-11,308,900
2.25-f 1
2,529,528
4.22-15,499,262
9.80-f I
14,837,581 20.63-f
. 16,765,666 18.55-116,921,482
13.52+
8,092,725 • 7.64-f
5,326.427
7.1949,586,738 12.70410,671,118
14.2445, ai6, m 7.034-
PercentTaxable
age of
(proof) gallons
producexported.
tion.
Year.
1887 .
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
.
.
. .
.
2,223,913
1,514,205
2,590,235
1,367,726
1,676,395
3,218,787
3,762,231
6,114,417
a l , 312,006.5
51,190,258.4
c2,091, 788.1
ci3,372,864.7
6 3,245,833.8
/2,468,256.8
a 1,181.2 of this quantity withdraAvn from general bonded warehouses.
h 71,326.9 of this quantity withdrawn from general bonded warehouses,
c 49,381.6 of this quantity withdrawn from general bonded warehouses,
d 1,919.8 of this quantity withdrawn from general bonded warehouses,
e 11,883.1 of this quantity withdrawn from general bonded warehouses.
/12,585.3 of this quantity withdrawn from general bonded warehouses.
2 8542.1542 8941.2541 4442.8042 1446.8541.6441.3743 2544.1843 3442.334-
COMMISSIONER
OF INTEEJSTAL
661
BEVENUE.
STATEMENT, BY DISTRICTS AND KINDS, OP THE QUANTITY OP SPIRITS WITHDRAWN
PROM DISTILLERY WAREHOUSES FOR SCIENTIFIC PURPOSES AND FOR THE U S E OF THE
UNITED STATES DURING THE FISCAL Y E A R ENDED JUNE 30, 1900.
[Quantities in taxable gallons.]
District.
First California
First Illinois .
Fifthlllinois
Eighth Illinois
Sixth Indiana
Seventh Indiana
Second Kentucky
Fifth Kentucky
Seventh Kentucky
Louisiana
.
. . . .
Maryland
First Missouri
Nebraska
First New York
Twenty-first New York
Twenty-eighth New York
FirstOhio
First Pennsylvania
Twenty-third Pennsylvania
First Wisconsin
Total...
Withdrawn during the year
ended June 30, 1899
INCREASED
Bourbon
whisky.
374
344.6
Alcohol. .
Pure, neutral, or
cologne
spirits.
6,335.2
5,212.2
33,042. 9
41,493.9
84.7
56,918.5
Rye
whisky.
68,839.1
433,991.3
Miscellaneous.
380,745
1,755.2
7,084.2
538.6
1,839.6
179.1
4,176.4
26,819.2
172.4
1,159.7
2,979.2
193.4
539.8
179
. 1,868. 6
37.2
2,133.8
718.5
1,271.8
182.546.8
503,046.6
391,443
5,416.5
1,183.4
170.889.9
25':l,496.2
385,255. 9
WITHDRAWAL OF SPIRITS FOR SCIENTIFIC
FOR USE OF THE UNITED STATES.
Aggregate.
6,335.2
5,212.2
101,882
856,230.2
1,839.9
64,002.7
374
344.5
638.6
1 839.6
2,037.6
179.1
4,176.4
26,856.4
172.4
1,159.7
2,979.2
193.4
539.8
2,133.8
. 1,079,026.7
' 817,240.9
PURPOSES
AND
The preceding table shows an increase of spirits withdrawn for
scientific purposes and for the use of the IJnited States.of 261,785.8
gallons over the quantit}^ so withdrawn during the fiscal year ended
June 30, 1899, as follows:
Increase in t h e withdrawal of—
Alcohol
Pure, neutral, or cologne spirits
R y e whisky
Miscellaneous
:
totalincrease
Decrease in t h e withdrawal of Bourbon whisky
Net increase
,
Gallons.
11,656.9
248,550.4
88. 4
6,187.1
266,482.8
4,697
261,785.8
662
REPORT ON T H E F I N A N C E S .
QUANTITY OF SPIRITS WITHDRAWN FOR TRANSFER TO MANUFACTURING WAREHOUSES
DURING THE FISCAL Y E A R ENDED J U N E 30, 1900.
[Quantities in taxable gallons.]
District.
BourAlcoRye
bon
whisky. whisky. hol.
Rum.
Gin.
Pure,
MisHigh neutral, cellaor
wines. cologne neous.
spirits.
Aggregate.
•
Connecticut...
. .
92.7
92.7
193,767.9 6,807.4 200,575.3
Fifth Illinois
6,336.9
6,336.9
Eighth Illinois
Seventh Indiana
2,511.9
29,731.'8 35,694.3
3,450.6
11,619.3
Fifth Kentucky
11,619.3
3,086.8 3,543.3
456.5
Sixth Kentucky
^
. .
12,074.2
Eighth Kentucky
12,074.2
4,657.8
4,657.8
Maryland
Third Massachusetts
28,240.8
28,240.8
5,860.5
Nebraska
5,860.5
.
342.2
2i,"298.'6 23,748.8
First Ohio
2,108
3,067.5
First Pennsylvania
3,067.5
Twenty-third Pennsyl396.4 10,758.4
vania
:
10,362
86.2
West Virginia .
28.7
57.5
Total
23,6"^3.5 18,458.2 3,450.6 28,240.8 2,657.2 2,511.9 205,965.3 61.378.5 346,356
Withdrawn during the
year ended June 30,
1899
20,502
151,351.2 52.736.6 245,782.8
2,826.3 17,920.2
446.5
As compared with the transfers in 1899, the above table shows an
increase of 100,573.2 gallons in the quantity transferred to manufacturing warehouses, distributed as follows:
Increase in the withdrawal of—
Gallons.
Bourbon whisky
20,867.2
Rye whisky
.....<-.
538
Alcohol
3,450.6
Rum
7,738.8
Gin
2,210.7
High wines
2,511.9
Pure, neutral, or cologne spirits
•
54,614.1
Miscellaneous
8,641.9
Totalincrease
100,573.2
COMMISSIONER OF INTERNAL
REVENUE.
663
SPIRITS LOST BY FIRE IN WAREHOUSES FOR THE LAST TWENTY-EIGHT
YEARS..
The following table shows the quantity of spirits lost in distiller}^
warehouses by fire during each of the last twenty-eight calendar years.
.As it shows also the stock of spirits in warehouses at the close of each
of the fiscal years 1872 to 1899, both inclusive, the percentage of loss
on stock held may be readil}^ computed:
[Quantities in taxable gallons.]
In bond
J u n e 30.
Year.
1872..
1873
1874.
1875
1876.'
1877
1878
1879. .
1880
1881.
1882
1883.
]884
1885
1886
.....
.
..
-.
.
.' . :
.
10,103,392
12,917,462
15,817,709
13,367,253
12,984,896
13,258,794
14,088,773
19,212,470
31,363,869
64,648, 111
89,962,645
80,999,993
63,502,551
54,724,916
58,096,620
28,399
9,901
124,602
81,493
99,102
7,487
29,913
2,465
14,620
198,251
175,216
396,299
416,609
109,030
181,198
In bond
J u n e 30.
Year.
T o t a l loss.
1887
1888
1889.-1890
1891
1892
1893
1894
1895.
1896
1897
• 1898
1899
Total .
-.
.'
.
T o t a l loss.
65,145,269
61,030,236
68,609,288
89,718,271
112,921,467
127,596,339
147,894,694
137,993,078
136,402,552.1
149,327,121.1
137,130,270.1
131,054,998
134,787,488.9
112,722
18,926
32,252
1,160, 769
50,431
48,944
1,975,766
58,728.5
27,655.1
1,585,299.2
380,290. 6
149,558.9
68,397.2
2,054,460,616.2
7,644,323.5
Average loss nearly ^ of 1 per cent.
The loss during the six months ended June 30, 1900, was 2,845.3
gallons; the stock on hand June 30,1900, being 136,071,879.5 gallons.
STATEMENT OP THE .QUANTITY OF DISTILLED SPIRITS, AS KNOWN TO THE TRADE, PRODUCED, WITHDRAWN, AND REMAINING IN WAREHOUSES IN
THE U N I T E D STATES FOR THE FISCAL Y E A R ENDED J U N E 30, 1900.
[Quantities in taxable gallons.]
Distilled spirits.
DK.
Remaining in warehouses July 1,1899
Produced and i)onded during the year
Total
Rye
whisky.
Alcohol.
Rum.
Gin.
High
Avines.
71,153,632.8
19,411,829.1
45,537,740.6
14,296.568.1
' 466,809.7
10,735,771
689,858.9
1,614,513.6
260,010.4
1,597,081.2
15,386.8
249,743.1
3,899,136.5
24,173,671. 3
12,764,913.2
33,406,522.4
134,787,488.9
105,484,699.8
90,565,46L9
59,834,308.7
11,202,580.7
2,304,372.5
1,857,091.6
265,129.9
28,072,807.8
46,170,435.6
240,272,188. 7
8,536,830.3
202,856,2
2,333,567.2
157,997.4
10,006,100.9
762,654.6
1,546,859
258,560. 5
26,304,844.3
10,166.6
559,024.8
27,742.4
666.727
1,536. 3
183,949.9
17,338.9
30,790,227.9
. 6,552.8
702,103.8
568,466.4
91,815,701.1
420,719.2
6,684,911.4
2,437,071.6
503,046.6
621.3
391,443
18,599. 9
1,079,026.7
3,795
324,518.6
1,317,466.7
CR.
Withdrawn on payment of tax during the year
13,609,623. 6
Tax paid and bottled in bond
211.310.2
Lost by leakage or evaporation in warehouse
3,419,928.5
466.440.3
Withdrawn for export during the year
Transferred to bottling warehouse for bottling in
bond for export
13,958.4
Withdrawn for scientific purposes during the year..
718. 5
Withdrawn for transfer to general bonded ware850,830.1
houses
•
Withdrawn for transfer to manufacturing warehouses
23,693. 5
Lost by casualty, etc., during the year
7,032.7
71,961,926.1
Remaining in warehouses June 30, 1900
Total
Pure, neut r a l , o r co- M i s c e l l a n e ous.
l o g n e spirits.
Bourbon
whisky.
90,665,461. 9
5,926.8
1,076.8
Aggregate.
4,020.2
1,271.8
182,646.8
89.236.1
26,992. 3
18.458.2
1,513.8
48,488,557.5
3,450.6
28,240.8
2,657.2
2,511.9
414,308.8
812,875.5
284,609.4
2,521.2
205,965.3
1
853,866.8
61,378.5
71,909.1
13,253,214.2
1,857,091.6
265,129. 9
28,072,807.8
46,170,435.6
O
346,356
80,456.6
136,071,879.5
11,202,580. 7 .2,304,372.5
o
240i 272,188. 7
59,834,308. 7
6,132.2
15,962.4
W
•72
665
COMMISSIONEE OF I N T E E N A L E E V E N U E ,
QUANTITY OF E A C H K I N D OF SPIRITS KNOWN I;O THE TRADE WITHDRAWN UPON P A Y MENT OF THE TAX FROM GENERAL BONDED WAREHOUSES DURING THE Y E A R ENDED
J U N E 30,
1900.
[Quantities in taxable gallons.]
Pure,
n e u t r a l , Miscellaor coneous. Aggregate.
logne
spirits.
District.
Bourbon
whisky.
Rye
whisky.
Alconol.
Rum.
Gin.
F i r s t California
Colorado
Second K e n t u c k y
.Fifth I v e n t u c k y
S i x t h Missouri .
F o u r t h N o r t h Carolina
Twenty-third
Pennsylvania
277,366.3
39,693.1
16,030.3
384,505 •
48,766. 3
39,675.6
1,583. 7
3,742.8
6,958.2
9,819.4
566.3
99.8
20,252.8
9,585. 5
8,697. 9
639.1
3,254.8
Total
35,36L7
18,814
40,043.9
118,793
53,095.6
372,932.1
60,657.1
56,174
532,248.7
111,447.4
665.8
575.6
767,000.1
8.1
74,927.9
23,518.5
6, 958.2 10,486.5
4,559.7
5,735.2
11,077.8
17,388.5
8.1 272,509.2 1,155,407.5
QUANTITY OF DISTILLED SPIRITS OF THE DIFFERENT K I N D S AS KNOWN TO THE TRADE
PRODUCED, WITHDRAWN, AND REMAINING IN GENERAL BONDED . WAREHOUSES IN
THE UNITED STATES FOR THE FISCAL Y E A R ENDED J U N E 30^
1900.
[Quantities in taxable gallons.]
Distilled spirits.
Bourbon
whisky.
Rye
whisky.
Alcohol.
Rum.
DR.
R e m a i n i n g i n b o n d e d w a r e h o u s e s J u l y 1,1899
Deposited in general b o n d e d warehouses d u r i n g t h e
y e a r from (iistillery w a r e h o u s e s
.
Deposited in general b o n d e d warehouses d u r i n g t h e
y e a r from o t h e r g e n e r a l b o n d e d Avarehouses
Excess ascertained on regauge at bonded warehouses .
1,804,071
890,677.7
93,973.8
85,719.2
3 786.6
26,992.3
6 132.2
.4
2,697,359.9
Total
2,606.8
4.4
179.693.4
26,992.3
9,918.8
767,000.1
191,973.6
74,927.9
19,223.2
23,618.5
14.7
6,958.2
170.4
643.5
11,760.1
L8
7,442.8
276.4
1,718,262.6
195.6
1
581.2
84,764.6
3,106
2,475.2
2,697,369.9
179,693.4
26,992.3
9,918.8
CK.
W i t h d r a w n d u r i n g t h e j ' e a r u p o n p a y m e n t of t a x
Lost b y l e a k a g e or e v a p o r a t i o n i n w a r e h o u s e
W i t h d r a w n for scientific p u r p o s e s or for u s e of U n i t e d
States..
W i t h d r a w n for e x p o r t
Lost b y c a s u a l t y d u r i n g t h e y e a r
W i t h d r a w n for t r a n s f e r t o m a n u f a c t u r i n g w a r e h o u s e s W i t h d r a w n for t r a n s f e r t o g e n e r a l b o n d e d w a r e h o u s e s R e m a i n i n g i n w a r e h o u s e s J u n e 30,1900.
Total
175
178.1
45.1
269.9
666'
REPORT
ON T H E FUsrANCES.
QUANTITY OF DISTILLED SPIRITS OF THE DIFFERENT K I N D S AS KNOWN TO THE TRADE
PRODUCED, WITHDRAWN, ETC.—Continued
Gin.
Distilled spirits. •
Pure, neut i a i , or
cologne
spirits!.
Miscellaneous.
Aggregate
489.1
145,474.8
2,053,890
341,047.6
1,367,380.8
DR.
6,094.7
R e m a i n i n g i n b o n d e d w a r e h o u s e s J u l y 1,1899
Deposited i n general bonded warehouses d u r i n g t h e
y e a r from d i s t i l l e r y w a r e h o u s e s
. . . 13,016.8
Deposited i n general bonded warehouses d u r i n g t h e
year from other general b o n d e d warehouses
Excess ascertained on regauge a t bonded warehouses.
10.5
Total
-
19,122
3,795
2,606.8
15.3
4,284.1
486,622.4
3,423,892.9
8.1
38.5
272,509.2
14,606
1,155,407.5
226,132.8
CR.
W i t h d r a w n d u r i n g t h e y e a r u p o n p a y m e n t of t a x
Lost b y l e a k a g e o r e v a p o r a t i o n i n w a r e h o u s e . W i t h d r a w n for scientific p u r p o s e s or for u s e of U n i t e d
States
W i t h d r a w n for e x p o r t
Lost b y c a s u a l t y d u r i n g t h e y e a r
W i t h d r a w n for t r a n s f e r t o m a n u f a c t u r i n g w a r e h o u s e s
W i t h d r a w n for t r a n s f e r to g e n e r a l b o n d e d w a r e h o u s e s
R e m a i n i n g i n w a r e h o u s e s J u n e 30,1900
Total
STOCK
10,485.5
106.4
1,237.5
107.3
299.1
8,422.8
198,437.6
5,056
12,585.3
2.8
8,964.4
275 4
2,015,468.7
4,284,1 1 486.522.4
3,423,892.9
670.6
19,122
ON H A N D ,
PRODUCTION,
AND MOVEMENT
YEARS.
O F SPIRITS
FOR SIX
The following table shows the stock on hand, production, and movement of spirits, other than fruit brandies, for the fiscal years 1895,1896,
1897, 1898, 1899, and 1900:
Distilled spirits.
1895.
Gal ons.
Gallons.
A c t u a l l y i n w a r e h o u s e s a t b e g i n n i n g of fiscal y e a r
and i n transit between warehouses
P r o d u c e d d u r i n g fiscal y e a r
. .
.
. .
137,993,078
81,090,993.9
138,248,796.2
86,589,358.6
152,125,495.4
62,466,129.5
219,084,07L9
224,838,154.7
214,691,624.9
.74,540,569
1,312,006.5
66,877,986.8
1,190,258.4
68,661,038.5
2,091,788.1
Total
W i t h d r a w n t a x - p a i d d u r i n g fiscal y e a r
W i t h d r a w n for e x p o r t a t i o n d u r i n g fiscal y e a r
W i t h d r a w n for scientific p u r p o s e s , for u s e of U n i t e d
States, for t r a n s f e r t o m a n u f a c t u r i n g w a r e h o u s e s ,
d e s t r o y e d b y c a s u a l t y , a l l o w e d for loss b y l e a k a g e
in warehouses, etc
1896.
1897.
GaUons.
4,982,700.2
4,644,414.1
...80,835,.275.7
.72,712,669.3
.74,870,120.6
138,248,796.2
152,125,495.4
139,721,504.3
Distilled spirits.
1898.
1899.
Gallons.
Gallons.
A c t u a l l y i n w a r e h o u s e s a t b e g i n n i n g of fiscal y e a r
and in transit between warehouses
P r o d u c e d d u r i n g fiscal y e a r
139,721,604.3
80,762,229
133,063,921.1
97,067,872.1
136,925,136
105,484,699.8
220,483,733.3
230,131,793.2
242,409,835.8
78,246,032.9
3,372,864.7
83,694,436.7
3,245,833.8
93,391,827.8
2,468,256.8
Total
.
.
.
R e m a i n i n g i n w a r e h o u s e s a t e n d of fiscal y e a r , i n c l u d i n g spirits i n t r a n s i t b e t w e e n w a r e h o u s e s
Total
W i t h d r a w n , t a x - p a i d d u r i n g fiscal y e a r . . .
W i t h d r a w n for e x p o r t a t i o n d u r i n g fiscal y e a r
W i t h d r a w n for scientific p u r p o s e s , for u s e of U n i t e d
States, for t r a n s f e r t o m a n u f a c t u r i n g w a r e h o u s e s ,
d e s t r o y e d b y c a s u a l t y , a l l o w e d for loss b y l e a k a g e
in warehouses, etc
Total
R e m a i n i n g i n w a r e h o u s e s a t e n d of fiscal y e a r , i n c l u d i n g spirits i n t r a n s i t b e t w e e n w a r e h o u s e s
4,117,294
1900.
Gallons.
5,800,914.6
6,266,386.7
8,430,891.4
87,419,812.2
93,206,657.2
104,290,976 .
133,063,921.1
136,925,136
138,118,859.8
667
COMMISSIONEE OF I N T E E N A L E E V E N U E .
SUMMARY
OF OPERATIONS AT DISTILLERY AND GENERAL BONDED
DURING THE FiSCAL Y E A R ENDED J u N E 30, 1900.
Distilled spirits.
WAREHOUSES
Quantity.
Gallons.
Actually remaining in distillery warehouses July 1,1899
134,787,488.9
Remaining in general bonded warehouses July 1,1899
2,053,890
IQ transit from distillery to general bonded warehouses July 1, 1899
81,425. 7
Withdrawn from distillery warehouses for export and unaccounted for
1,189,424.9
July 1,1899
^
Withdrawn from general bonded warehouses for export and unaccounted for July 1, 1899
9,041. 6
V^ithdrawn from distillery warehouses for transfer to manufacturing
warehouses and unaccounted for July 1, 1899
33,610.2
Vi^ithdrawn from general bonded warehouses for transfer to manu1,102.8
facturing warehouses and unaccounted for July 1, 1899
-.-.
Transfers from general bonded warehouses to other general bonded
warehouses and unaccounted for July 1,1899
2,331.4
Lost by casualty and nnacconnted for, from distillery warehouses, July
1, 1899
558,215.3
Lost by casualty and unaccounted for, from general bonded warehouses, July 1, 1899
.'.
289,367. 5
Deposited in distillery warehouses during the year ended June 30,1900-.
Deposited in general bonded warehouses during the year ended June
30, 1900
Excess found on regauge at general bonded warehouses
Aggregate-
Gallons.
139,005,898.2
105,484,699.8
1,369,987.6
15.3
245,860,600.9
Withdrawn from distillery warehouses, tax-paid
91,815,701.1
Withdrawn from general bonded warehouses, tax-paid
1,155,407.5
Withdrawn, tax-paid, for bottling in bond '.
Loss allowed on account of leakage or evaporation in distillery ware420, 719.2
houses
--'.
:
Loss allowed on account of leakage or evaporation in general bonded
6, 684,911.4
warehouses
- - -.
Withdrawn for scientific purposes and for use of United Stales from dis226,132.8
tillery warehouses
Withdrawn for scientific purposes and for use of United States from gen1.079.026.7
eral bonded warehouses
-...
Withdrawn for transfer to bottling warehouses for bottling in bond for
5,056
export
Loss allowed on account of leakage in transportation for export from
18,699.9
distillery warehouses
Loss allowed on account of leakage in transportation for export from
1,733.3
general bonded warehouses
Tax paid on loss or leakage in transportation for export from distillery
42.1
warehouses
Exported from distillery warehouses, proofs of landing received
551.4
Exported from general bonded warehouses, proofs of landing received..
2,219,228.5
Tax paid on spirits lost by casualty, distillery warehouses
15,654.3
Tax paid on spirits lost by casualty, general bonded warehouses
48,954. 6
Loss allowed on account of casualty, distillery warehouses
3.8
Loss allowed on account of casualty, general bonded warehouses
144,111.6
Deposited in manufacturing warehouses from distillery warehouses
289.366.5
Deposited in manufacturing warehouses from general bonded warehouses
367.783.6
Leakage allowed in transfers to manufacturing warehouses from distillery warehouses
10,067.2
Tax paid on leakage in transfers to manufacturing warehouses from
distillery warehouses
879.7
Transferred to general bonded warehouses from distillery warehouses ..
Transferred to general bonded warehouses from other general bonded
15.1
warehouses
1.367.380.8 105,873,933.8
2,606.8
Withdrawn from distillery warehouses for export and unaccounted for
June 30, 1900
1,404,983.3
Withdrawn from general bonded warehouses for export and unac-.
counted for June 30, 1900
5,930,4
Lost by casualty and unaccounted for, distillery warehouses, June 30,
.1900
..,
445,605.7
Withdrawn from distillery warehouses for transfer to manufacturing
warehouses and unaccounted for June 30, 1900
11,287. 9
Transfers from distillery warehouses to general bonded warehouses and
unaccounted for June 30, 1900
31,51L6
1,899,318.9
136,071,879.5
Remaining in distillery warehouses June 30, 1900
2,016,468.7
Remaining in general bonded warehouses June 30,1900.
138,087,348.2
Aggregate:
246,860,600.9
668
REPORT
ON THE
FINANCES.
QUANTITY OF THE DIFFERENT K I N D S OF BRANDY PRODUCED, WITHDRAWN, AND
REMAINING IN SPECIAL BONDED WAREHOUSES FOR THE FISCAL Y E A R ENDED J U N E
30, 1900.
[Quantities in taxa,ble gallons.]
Brandy.
Apple.
Peach. .
other.
1,187,638.8
107,726.3
17,804.6
1,989.7
774,866.2
126,765.8
7,297.9
556.8
473,892.4
114,747.6
92.2
Grape.
Total.
DR.
B a l a n c e in w a r e h o u s e s J u l y 1,1899
R e c e i v e d i n w a r e h o u s e s from distilleries i n same district
R e c e i v e d i n w a r e h o u s e s f r o m distilleries i n o t h e r d i s t r i c t s
R e c e i v e d from s p e c i a l b o n d e d w a r e houses i n other districts
1,315,159.4
909,476.7
588,732 2
228,632.7
473.1
2,892.6
680.8
232, 679.2
2 665,020.1
Total
349,712.8
28,087.3
3,227.3
3,046,047.5
147,993.6
11,352.1
15,341.2
1,53L3
665.7
67
973,198.6
74,346.9
2,941.6
7,286.3
213.2
CR.
W i t h d r a w n t a x - p a i d for b o t t l i n g
W i t h d r a w n from special b o n d e d w a r e houses, tax-paid
L e a k a g e or e v a p o r a t i o n i n w a r e h o u s e - W i t h d r a w n for use of U n i t e d S t a t e s
W i t h d r a w n for e x p o r t
R e p o r t e d lost b y c a s u a l t y , e t c
W i t h d r a w n for t r a n s f e r to m a n u f a c t u r ing warehouses
W i t h d r a w n for t r a n s f e r t o s p e c i a l
bonded warehouses i n other districts.
W i t h d r a w n t o fortify w i n e
Loss i n t r a n s i t t a x - p a i d
E r r o r as t o k i n d s
B a l a n c e r e m a i n i n g i n s p e c i a l bonjied
warehouses and in transit
203.5
203.6
809,198.2
61,406.5
2,941.6
7,228.7
2.5
57.6
210.7
4,293.6
4,293.6
473.1
2,892.6
680.8
230,468.3
227,235.6
1,326,039.4
189,625.8
8,322.2
1,823.8
1,525,811.2
2,665,020.1
Total
226,421.8
227,235.6
.7
48
349,712.8
28,087.3
3,227.3
3,046,047.5
48
FORTIFICATION OF WINES WITH GRAPE BRANDY FREE OF TAX.
The quantity of grape brandy used in fortifying wine under the act
of October 1, 1890, as amended by the act of August 28, 1894, during
the year ended June 30, 1899, was 1,912,339.4 taxable gallons. The
quantity of brandy used and of each kind of wine fortified during the
year ended June 30, 1900, in each district, is as follows:
QUANTITY OF BRANDY USED AND K I N D S OF W I N E FORTIFIED DURING FISCAL Y E A R
1900.
[Brandy in taxable gallons and wine in wine gallons.]
Alabama.
Kind.
Angelica
Malaga .
Muscatel
Port
Sherry
Tokay
Total.
F i r s t California.
Before for- After forti- Before fortitification.
fication.
fication.
.
. .
1,230.10
1,313,17
.
1,561.10
1,688.17
2,543.27
3,249.27
F i r s t Missouri.
Kind.
After fortification.
F o u r t h California.
Before fortification.
After fortification.
645,373.22
827
686,468.51
2,266,475.83
1,397,330.32
32,175.67
759,786.08
93,285.05 . 110,409.24
976.19
813,109.89 " " 4 6 , " 232." 13"
55,278.97
2,642,485.11 1,112,207.72
1,307,145.99
1,623,727.20
923,557.44
1,073,955.46
37,815.91
7,346.74
8,694.46
5,028,650.55
5,877,899.38
First New Jersey.
Before for- After forti- Before fortitification.
fication.
fication.
2,182,629.08
2,555,484.12
New Mexico.
After fortification.
After fortification.
Before fortification.
426.17
2,953.99
549.33
3,420.49
3,379.16
3,969.82
Angelica
Port
Sherry
Sweet Catawba .
1,485.60
1,832
1,841
•1,-754.50
2,184
2,193
4,705
6,426.50
941
1,088.60
Total
5,168.60
6,13L50
5,6^16
6,615
669
OOMMISSIONER OF I N T E E N A L E E V E N U E .
QUANTITY OF BRANDY USED AND K I N D S OF W I N E FORTIFIED, ETC!—Continued.
Twenty-eighth New
York.
F o u r t h North Carolina.
Aggregate.
Kind.
Before for- After forti- Before fortitification.
fication.
fication.
Angelica
Malaga
Muscatel
Port
Scuppernong
Sherry
Sweet Catawba
Tokay
TotaL
262,192.53
100,000
739,083.44
827
732,.700.64
3,498,865.04
95,922
2,324,032. 93
113,388.56
39,522.41
870,744.65
975 19
868,388.86
4,096,60S.70
100,000
2,701,554.83
130,658. 96
46,510.37
95,922
100,000
7,544,342.02
8,815,441.62
127,377.46
. . 220,413.46
After fortification.
134,815.07
110,606.56
Before fortification.
95,922
109,806.90
After fortification.
G R A P E B R A N D Y USED.
Taxable gallons.
District.
Alabama
F i r s t California
F o u r t h California
F i r s t Missouri
,
First New Jersey
New Mexico
Twenty-eighth New York
F o u r t h North Carolina
1,435,873.8
627,160.4
1,672.6
883.4
732.7
62,842.5
7,073.6
Total....
2,137,067.3
EXPORT OF MANUFACTURED TOBACCO AND SNUFF IN BOND.
The quantity of manufactured tobacco removed from the place of
manufacture in bond free of tax during the year, also the quantity
actually exported during the year and the quantity unaccounted for
at the beginning and at the end of the fiscal year ended June 30,1900,
are shown in the subjoined statement:
Districts.
First California
First Illinois
E i g h t h Illinois
Fifth Kentucky
Sixth Kentucky
Louisiana
Maryland
Third Massachusetts
First Michigan
F i r s t Missouri
Fifth New Jersey
First New York
Second N e w York
Third New York
-.
Twenty-eighth New York . F o u r t h North Carolina
Fifth North Carolina
First Ohio
.F i r s t P e n n s y l v a n i a -. — - - Twenty-third Pennsylvania
Second Virginia
Sixth Virginia
First Wisconsin
Total..
a8,325 p o u n d s , a t 6 c e n t s p e r p o u n d .
per pound.
b 6,300
p o u n d s , a t 6 c e n t s
Quantity
unacc o u n t e d for
J u l y 1,
Quantity
Quantity
Quantity
r e m o v e d a c t u a l l y exunacfor e x p o r t
ported
c o u n t e d for
d u r i n g t h e d u r i n g t h e J u n e 30,
year.
year.
1900.
Pounds.
169
0
1,754
14,729
0
1,292
237,377
0
1,500
10,636
a 36,740
0
5,108
12,937
9,980
3^550
0
90
0
0
451,932^
27,583
0
Pounds.
Pounds.
Pounds.
7,456
7,625
0
1,654
1,554
0
1,771
3,525
0
57,835
63,474
9,090
264
264
0
66,357
66,649
0
1,788,728
2,016,985
9,120
53*
53*
0
960
2,268
192
112,027
112,503
10,160
250,274i
b265,120i
c21,894
14,348
14,348
0
99,762
• 81,672
23,188
1,788,430
1,702,536
98,831
381,206^
346, 548^
44,638
107,003
103,703
6,850
550
55
4,564
540
4,104
27,269
26,819
450
3,245
3,245
0
6,765,768 c 6, 735,2191
Z
482,481^
111,806
137,927
1,462
1,300
800
500
815,377* 11,591,016* 11,696,998
c 2,025 p o u n d s , a t 6 c e n t s p e r p o u n d .
d I n c l u d e s 152 p o u n d s t a x - p a i d .
709,396A
670
REPORT ON THE FINANCES.
EXPORTATION OF CIGARS AND CIGARETTES IN BOND.
The number of cigars and cigarettes removed from the place of
manufacture in bond free of tax during the year; also the number
actually exported during the year and the quantity unaccounted for
at the beginning and at the end of the fiscal year ended June 30,1900:
Gigars
weighing
more than
3 pounds
p e r M.
D i s t r i c t from w h i c h removed".
Cigars
weighing
less t h a n
3 pounds
perM.
Cigarettes
weighing
more than
3 pounds
p e r M.
Cigarettes
weighing
less t h a n
3 pounds
p e r M.
DR.
U n a c c o u n t e d for J u l y 1,1899:
First California
Louisiana
Maryland
F i r s t Missouri
Second New York
Third New York
Twenty-eighth New York
F o u r t h North Carolina
Twenty-third Pennsylvania
Second Virginia
17,576
27,000
. . .
15,000
5,000
25,000
1,950,000
70,000
• 6,380,000
a l l , 250,000
5,000
b150,662
129,650
Total
B o n d e d for e x p o r t d u r i n g y e a r :
First California
Louisiana
Maryland
Minnesota
F i r s t Missouri
Second New York .
.
.
Third New York
Fourteenth New York
. .
T w e n t y - e i g h t h NCAV Y o r k
F o u r t h North Carolina
Fifth North Carolina
FirstOhio
Ninth Pennsylvania
Twen ty-third Pennsylvania
Second Virginia
:
West Virginia.
329,888
2,865,000
5,000
22,555,000
331,200
125,000
35,000
670,000
234,000
3,000
15,000
222,525
23,500
. .
.
.
. .
6,000
80,000
8,100
1,400,000
56,749,000
5,482,770
163,423,400
799,090,200
1,535,000
i6,i34
140,900
30,000
120,000
97,000
142,000
397,900
89,852,000
Total
1,125,359
858,800
8,100
1,118,237,370
Grand total
1,465,247
863,800
8,100
1,140,792,370
8,100
1 425 000
53,292,000
5,539 970
CR.
Exported during t h e year:
First California
Louisiana...
Maryland
First Missouri
Second N e w York
Third New York
Fourteenth New York
Twenty-eighth New York
F o u r t h North Carolina
Fifth North Carolina
FirstOhio
Ninth Pennsylvania
Twen ty-third Pennsylvania
S e c o n d V i r g i n i a '.
West Virginia
348,776
142,000
227,525
23,500
• •
6,000
80,000
157,589 400
a 800,765,200
1,285,000
.
140,900
16,134
10,000
b270,662
212,650
142,000
1,408,247
Total
U n a c c o u n t e d for J u n e 30,1900:
First California
. .
Louisiana
Minnesota
Second New York
Third New York
Twenty-eighth New York
F o u r t h North Carolina
Ninth Pennsylvania
Second Virginia
670 000
239,000
16,000
294,100
760,000
81,004,000
8,100
1,101,570 570
50,000
. .
.
10,000
3,000
20,000
14,000
103,800
5,407 000
12,800
12,214,000
8,975 000
250,000
11,713 000
47-, 000
103,800
38,621,800
1,455,247
863,800
. .
:
Total
Tax-paid during t h e year:
F o u r t h North Carolina
Grand total
Includes 1,200,000 at 50 cents per M.
a
.....
600,000
8,100
1,140,792,370
b Includes 10,000 at $3 per'M.
COMMISSIONER
OF I N T E R N A L
671
REVENUE.
Upon comparing the foregoing statements as to the manufactured
tobacco, cigars, and cigarettes removed in bond for export with those
for the fiscal year ended June 30, 1899, the decrease in 1900, as to
tobacco, cigars, and cigarettes, is found to be as follows:
Tobacco
'.
pounds.3, 334, 295f
Cigars and cigarettes weighing more t h a n 3 pounds per 1,000. . n u m b e r . .
1, 243, 771
Cigarettes (including all-tobacco cigarettes) weighing not more t h a n 3
pounds per 1,000
n u m b e r . . 106,127, 670
The increase each year as to cigarettes up to the fiscal year ended
June 30,1900, was the prominent feature of this class of exportations.
The business of exporting cigarettes has grown during the past eighteen
years as follow^s:
NUMBER REMOVED FOR EXPORT DURING FISCAL YEARS, 1882 TO 1900.
Year ended June
30—
1882
1883
1884
1885
1886
1887
1888
:
Number.
Year ended June
30—
Number.
Year ended June
30—
64,001,500
68,413,560
86, 243,485
104,811,420
134,311,180
139,935,300
180,769,800
1889
1890
1891
1892
1893..
1894
1895
246,679,760
259,310,060
294,534,250
320,845,020
397,827,260
401,605,300
461,859,100
1896
1897
1898
1899
1900
:
EXPORTATION OF PLAYING CARDS IN BOND DURING THE
ENDED JUNE 3 0 , 1 9 0 0 .
Number.
628,086,390
892,956,300
1,032,124,046
1,226,223,840
1,118,237,370
FISCAL YEAR
Playing
cai:ds
2 cents per
package.
Removed for export and unaccounted for June 30,1899.
Removed during the year ended June 30, 1900
Total
-
Removed for export and accounted for during the year
Removed for export and unaccounted for, tax-paid
Removed for export and unaccounted for June 30, 1900.
Total
351,965
2,044,500
2,396,465
2,091,144
3,600
301,721
2,396,466
672
REPORT ON THE FINANCES.
EXPORTATION OF PROPRIETARY ARTICLES.
The following^ is a statement, by districts, of tax on proprietary
medicines, bottled wines, chewing gum, etc. (Schedule B articles, act
of June 13, 1898), removed for export and actually exported from the
United States in bond, free of tax, under the provisions of section 22
of the act above named, during the fiscal year ended June 30,1900, and
tax on such articles returned to manufactory and unaccounted for:
Unaccount- Removed for Actually ex- Returned Collected Unaccountto manu- on defied for July
ed for.
ported.
export.
factory. ciencies.
1, 1899.
District.
First California
Connecticut
Florida .. . .
First Illinois
Fourth Iowa
Fifth Kentucky
Louisiana
Third Massachusetts.
Maryland
Minnesota
First Missouri
Nehraska
New Hampshire
Fifth New Jersey
First New York
Second New York
Third New York
$101.96
64.80
"...
Twenty-first New York
Twenty-eighth New York . . .
First Ohio
Tenth Ohio
Eleventh Ohio
Eighteenth Ohio
First Pennsylvania .
Ninth Pennsvlvania
Twenty-third Pennsylvania
Total.
106.33i
260.62i
3,875.48
31.12i
55.35
540.80
983.97i
764.95
1,041.87
83.10
419.72i
30.00
283.78i
7.20
14.40
L12i
946.26f
9,611.86i
$4,616.22^
809.01
66.00
1,079.23t
3,434.88*
4,189.84
436.67
36,425.39
1,590.281
2,204.77i
2,805.13i
3L 71
717.85*
16,705.27i
18,147.78i
62,2m49i
1,168.13i
5,442.48
251.25
4,477.79i
319.10
642.90
15.75
203.27i
6,646.99|
18.00
a231.25i
$4,632.73i
805.62
66.00
1,050.43^
3,208.72i
4,189.84
434.87
•37,890.52^
1,619.23t
2,199.37i
3,280.98i
31.71
717.85*
17,261.65*
17,934.64t
62,728.16i
I,038.20i
5,623.24
273.75
3,984.42t
224.05
657.30
174,886.491
177,810.34i
$85.45
68.19
135.13
486.78*
$1.80
18.30
14.bih
29.11^
.50
2,410.34^
2.17^
60.75
64.95
409.28*
978.09i
509.65i
213.03
209.85
7.50
776.65
102.25
15.75
1.12i
47.531
18.00
21.25i
203.2n
7,543.72t
a 210 00
47.4U
16.841
6,623.75*
a Includes reports of May and June, 1899, which had not been received before completion of report
for the last fiscal year.
COMMISSIONER
0 1 ' INTERNAL
673
REVENUE.
STATEMENT O F F E R M E N T E D LIQUORS R E M O V E D FROM B R E W E R I E S I N B O N D , F R E E O F
T A X , F R O M J U L Y 1, 1899, TO J U N E 30, 1900, U N D E R A C T O F J U N E 18, 1890.
Gallons.
460,231
739.230
2,321,594
1,300,534
10,270
Removed for export a n d unaccounted for J u n e 30, 1899
Removed for direct exportation
Removed in original packages, to be bottled for export
""Removed by pipe line, to be bottled for export
Excess reported b y bottlers
Total
4, 831, 859
E x p o r t e d in original packages, proofs received
^
E x p o r t e d in bottles, proofs received
„
Removed for export, unaccounted for, t a x paid
Excess reported b y bottlers
Removed for export, unaccounted for, J u n e 30, 1900
„
780,157
3,469,808
8,356
60,948
512, 590
Total
4,831,859
FERMENTED LIQUORS REMOVED FROM BREWERIES IN BOND FOR EXPORT DURING THE
YEAR ENDED J U N E 30, 1900, BY DISTRICTS.
District.
Gallons.
18,724
174,322
29,388
4,579
51,290
196,187
12,970
21,159
1,441
39,339
25,513
16,818
438
1,010,205
1,395
51,265
Alabama
First California
Fourth California
Connecticut
Florida
Georgia
First Illinois
Sixth Indiana
Seventh Indiana
Fifth Kentucky
Sixth Kentucky
Louisiana
Third Massachusetts
First Missouri
Montana
Fifth New Jersey . . .
DRAWBACK
District.
Gallons.
First New York
Second New York
Third New York
Fourteenth Ne^v York . . .
Twenty-eighth New York
First Ohio
Eleventh Ohio
Oregon
South Carolina
:
Fifth Tennessee
Third Texas
Second Virginia
Sixth Virginia
First Wisconsin
Total
426,823
30,026
81,166
172,004
29,632
26,009
4,123
354,284
10,619
16,411
79,784
186
1,856
1,473,402
;
4,361,358
OP INTERNAL-REVENUE TAXES ALLOWED ON EXPORTED
DURING THE FISCAL Y E A R ENDED JUNE 30, 1900.
Port.
Number Proprietary
Cigars and
of claims. articles. Tobacco. cigarettes.
BaltiiTiore
Boston
Chicago
New York
Philadelphia
San Francisco
Savannah
Seattle
St Louis
Toledo
Vanceboro
4
7
4
1,938
90
96
1
4
2,171
Total
FI 1 9 0 0 -
-43
$277.10
Distilled
spirits.
$123.60
$125.08
66.60
24,263.31 12,319.04
2,115.85
251.08 4,663.44
2,412.52
1,269.78
25.97
14.25
3,56
2,504.24
197.28
26,865.70 20,788.38
14,702.69
Stills.
$477.92
11,033.35
MERCHYVNDISE
•
888.00
675.20
—
Total.
$400 70
126.08
66.60
39,564.51
2,115.85
16,145.16
2,412.52
1,269.78
913.97
14.26
3 56
63,031.97
674
REPORT OlSr THE FINANCES.
RECAPITULATION OF DRAWBACK OF INTERNAL-REVENUE TAXES ALLOWED DURING THE
FISCAL YEARS 1863 TO 1900, INCLUSIVE.
Number Proprietary Tobacco.
of claims. articles.
Periods allowed.
1863 to 1876, inclusive
1877
1878
1879
1880
1881
1882
1883
1884
1885
.
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895 .
1896
1897
1898
1899
1900
.:
- - .
Fermented
liquors.
Periods allowed.
1863 to 1876 inclusive
1877
1878
1879
1880
1881
.
. .
1882
1883
1884
1885
1886
1887
1888
1889
1890
.
1891.
1892
1893
1894
1895
1896
1897
1898 •
1899
1900
761 $48,236.85
562 33,820.54
744 43,184.71
872 35,153.86
749 28,483.87
909 33,695.22
33,000.89
1,130
16,460.34
1,090
46.66
706
800
877
1,222
1,280
1,540
1,744
240
192
208
185
227
117
116
16,598.78
1,242
2,171 26,865.70
.
.
.
.
.
. .
:
$760.12
46.26
533.69
2,205.42
1,128.38
3,913.18
6,034.16
14,996.30
16,192.71
23,878.21
21,238.94
26,166.64
25,633.33
31,657.93
31,374.51
378.09
.
Total
'
Distilled
spirits.
$5,819.32
2,637.98
12,113.86
22,314.02
8,596.60
5,069.36
5,604.60
6,063.81
2,516.80
3,682.13
6,270.54
5,584.00
3,437.64
1,829.12
7,42L70
2,041.73
2,049.73
2,951.08
820.68
1,880.64
1,669.41
1,46L64
6,932.89
20,788.-38
Cigars and
cigarettes.
o
"$26*68'
'"82." 66'
'"i.'66'
•"".•86"
Stills. Miscellaneous.
$250.20
1,094.97
1,232.43
1,406.12
5,195.37
5,673.96
901.75
601.25
968.62
703.25
1,416.55
1,112.50
1,184.97
1,023.10
1,005.30
1,426.93
686.25
1,599.92
10,423.73
6,697.25
15,642.49
14,702.69
Total.
$6,673,845.00
55,092.40
37,123.67
57,509.38
b888.00
61,736.27
40,849.26
46,110.38
c 590.92
55,093.94
52,098.41
23,362.22
34,705.19
33,373.60
61,026.09
41,304.52
47,109.55
49,159.28
20,50L92
10,562.33
42,710.11
22,470.15
14,810.24
34,842.79
9,819.34
39,048.10
63,03L97
a$277.11
$718.90
1,426.92
1,161.90
1,966.50
4,608.00
8,352.00
3,705.30
6,642.00
5,755.50
28,411.30
10,737.00
12,410.00
9,177.30
17,019.00
7,467.30
38,332.10
20,883.22
11,269.68
22,729.65
1,620.45
1,853.94
675.20
Snuff.
$80.66
220.00
60.00
60.00
480.00
i46.66
160.00
80.00
100.00
40.00
40.00
80.00
60.00
20.00
40.00
20.00
7,627,295.11
a Manufactured cotton exported prior to 1868.
b Machinery exported prior to 1868.
c Chairs exported prior to 1868.
COMMISSIONER OF INTERNAL R E V E N U E .
675
OLEOMARGARINE.
The subjoined statements show operations under the act of August
2, 1886, defining butter and imposing a tax upon and regulating the
manufacture, sale, importation, and exportation of oleomargarine.
There was an increase in the number of persons engaged in the sale
of olemargarine during the fiscal year ended June 30, 1900, as well as
an increase in the production of the article as compared with the previous fiscal year.
The following statement shows the quantity of oleomargarine, in
pounds, at 2 cents tax, produced at manufactories during the fiscal
year ended June 30, 1900, the quantity withdrawn therefrom during
the year, and the stock of oleomargarine remaining in factories June
30, 1900:
SUMMARY O F O P E R A T I O N S
AT O L E O M A R G A R I N E M A N U F A C T O R I E S
Y E A R E N D E D J U N E 30, 1900.
DURING T H E F I S C A L
P>r.
Stock on hand July 1,1899
Removed for export and unaccounted for July 1,1899
Quantity produced during the year
Pounds.
787,503
_...
340, 277
107, 045, 028
108,172, 808
Contra.
Oleomargarine withdrawn tax-paid
103, 616,142
Withdrawn from manufactories for export and accounted for by clearance certificate
filed
3, 342, 879
AVithdrawn from manufactories for export and accounted for by payment of tax. on account of certificate not being
filed
6, 749
Understatement of withdrawals
6, 310
Destroyed in factory and dumped as material
15, 509
Removed for exDort and unaccounted for J u n e 30,1900
367, 413
Remaining in factories J u n e 30,1900
817, 806
108,172, 808
OPERATIONS
IN
OLEOMARGARINE DURING
YEARS.
THE
LAST
TWO
FISCAL
The following statements, by districts, show the quantity, in pounds,
of oleomargarine produced at manufactories, the quantity withdrawn
therefrom tax-paid, for export, and the quantity lost or destroyed at
manufactories during the two fiscal years ended June 30, 1899, and
676
REPORT ON T H E F I N A N C E S .
June 30, 1900, respectively, also the stock remaining on hand at the
close of each year:
JULY 1, 1898, TO JUNE 30, 1899.
Produced.
Districts.
'. 912,
1,897,
,086,
1,459,
, 056,
,867,
439,
101,
',991,
1,327,
Connecticut a
First Illinois
Sixth Indiana . . .
Kansasb ...'
Maryland
Sixth Missouri...
First New Jersey.
Fifth New Jersey
Eleventh Ohio...
Eighteenth Ohio.
Total
83,141,081
Withdrawn
tax-paid.
Withdrawn Remaining
in factory
for export. I June 30,1899.
5,626,866
38,164,188
7,038,393
13,188,496
1,054,337
1,848,152
410,052
104,400
9,948,076
2,319,329
2,283,456
452,372
2,500
334,208
79,702,288
3,096,035
20,500
D,000
68,646
420,305
89,668
92,543
2,145
21,177
8,920
62,029
22,070
787,503
JULY 1, 1899, TO JUNE 30, 1900.
Produced.
Connecticut a
First Illinois
Thirteenth Illinois
Sixth Indiana
Kansas b
Fifth Kentucky
Maryland
Sixth Missouri
First New Jersey
Fifth New Jersey
Eleventh Ohio
Eighteenth Ohio
Twenty-third Pennsylvania
Third Texas
Total
Withdrawn
tax-paid.
Withdrawn Remaining
in
for export. Junefactory
30,1900.
10,448,162
46,248,416
168,732
10,778,599
16,686,460
76,125
2,207,748
4,107,696
604,279
115,300
12,464,249
2,734,214
301,158
103,890
7,796,902
45,834,089
165,623
10,737,649
16,392,323
72,569
2,202,390
4,118,273
595,849
115,300
12,459,902
2,739,898
281,485
103,890
2,653,214
475,269
107,045,028
103,616,142
3,376,764
9,200
229,781
9,300
56,292
359,526
4,109
121,418
156,928
3,500
7,447
3,210
8,050
66,376
16,386
14,564
aincluding the State of Rhode Island. No oleomargarine was manufactured in the State of Connecticut.
5Including the Indian Territory and the Territory of Oklahoma; but no oleomargarine was manufactured in either of these Territories.
The following table of production and total receipts from all oleomargairine sources for each fiscal year since November 1,1886, the date
the oleomargarine law took effect, is interesting as showing the extent
of operations in the country:
Total produc- Amount retion.
ceived.
On hand November 1,1886
During the fiscal year ended June 30-—
1887 (from November 1,1886) . . . . . . .
1889 .
1890.
1891.
1892 .
1893.
1894.
1895.
1896.
1897.
1898.
1899.
1900.
Total
Pounds.
181,090
21,613,537
34,325,527
35,664,026
32,324,032
44,392,409
48,364,156
67,224,298
69,622,246
56,958,105
50,853,234
45,531,207
67,516,136
83,130,474
107,045,028
$723, 948.04
864, 139.88
894, 247.91
786, 291.72
1,077, 924.14
1,266, 326.00
1,670, 643.50
1,723, 479.90
1,409, 211.18
1,219, 432.46
1,034, 129.60
1,315, 708.54
1,956, 618.56
2,543, 785.18
764,645,604 18,485,886.61
677
COMMISSIONER OF I N T E B N A L E E V E N U E .
RECEIPTS UNDER THE OLEOMARGARINE L A W DURING THE FISCAL Y E A R ENDED J U N E
30, 1900.
Districts.
Alabama
Arkansas
First California
Fourth California a
Colorado b
Connecticut c
Florida
Georgia
Hawaii
First Illinois
Fifth Illinois
Eighth Illinois
Thirteenth Illinois
Sixth Indiana
Seventh Indiana
Third Iowa
Fourth Iowa
Kansas c
Z
Second Kentucky
Fifth Kentucky
Sixth Kentucky
Seventh Kentucky
Eighth Kentucky
Louisiana e
Maryland/
Massachusetts
First Michigan
Fourth Michigan
Minnesota
First Missouri
Sixth Missouri
Montana g
Nebraska h
New Hampshire i
First New Jersey
Fifth New Jersey
New Mexico k
First New York
Second New York
Third New York
Fourteenth New York
Twenty-first New York
Twenty-eighth Nevv York...
Fourth North Carolina
Fifth North Carolina
First Ohio
Tenth Ohio
Eleventh Ohio
Eighteenth Ohio
Oregon I
First Pennsylvania
Ninth Pennsylvania
Twelfth Pennsylvania
Twenty-third Pennsylvani a.
South Carolina
Second Tennessee
Fifth Tennessee
Third Texas
Fourth Texas
Second Virginia
Sixth Virginia
West Virginia
First AVisconsin
Second Wisconsin
Total .
X
Collections
on oleomargarine at 2
cents per
pound.
Special taxes of—
Manufacturers.
U, 800.00
3,400.00
3,308.76
214,083.62
300.00
1,450.00
329,662.94
"2,"466."00"
"'"i,"478."i6'
'"m'.oo
44,074.42
1,000.00
mo. 00
6,236.00
14,182.00
4,098.00
2,802.00
2,600.00
1,960.00
1,580.00
2,640.00
90,812.00
4,130.00
4,708.00
2,962.00
11,060.00
4,024. 00
470.12
82,002.00
600.00
11,920.98
2,326.66
600.00
250.00
5,776.64
1,000.00
600.00
200.00
72.00
"2,"825.'6o"
2,085,273.02
15,450.00
Total.
6,840.00
2,280.00
786.00
81,572.00
2,852.00
8,836.00
177,593.56
5,678.00
5,442.00
116.00
8,988.00
630.00
7,376.00
2,588.00
828.00
36.00
8,516.00
6,554.00
4,638. 00
6,890.00
6,922.00
904.00
9,836.00
. 2,972.00
156.00
2,910.00
2,354.00
2,640.00
13,832.00
1,012.00
206.00
48.00
138.00
1,024,430.40
6,410.00
4,708.00
1,140.00
7,710.76
1,796.00
228,389.62
4,024.00
600.00
116.00
341,410.94
360.00
530.00
"840."66'
10,044.10
2,688.00
828.00
36.00
5,160.00
13,670.00
7,060.00
58,688.42
3,880.00
8,518.00
1,800.00
8,160.12
4,480.00
11,402.00
4,200.00
5,104.00
840.00
10,676.00
85,574.00
1,140.00
1,296.00
2,240.00
5,150.00
7,102.36
9,456.36
15,160.98
3,420.00
19,828.56
880.00
1,892.00
206.00
48.00
138.00
48.00
54.00
832.00
216.00
11,030.00
7,472.00
18,020.00
19,808. 00
386.00
5,328.00
320.00
1,564.00
15,474.00
1,968.00
808.17
3,304.00
4,618.00
1,356.00
4,492.00
1,052.63
8,662.00
618.00
246.00
48.00
54.00
832.00
216.00
14,070.00
9,072.00
268,986.66
77,187.26
386.00
8,208.00
320.00
2,709.00
25,950.64
2,928.00
880.17
4,064.00
14,183.00
• 4,566.00
5,552.00
1,052.63
10,902.00
1,518.00
1,326.00
600.00
249,286. 66
64,659.26
Wholesale
dealers.
S692.00
1,770.00
$296.00
159,651.56
Retail
dealers.
345,142. J
3,040.00
1,600.00
<380.00
2,120.00
2,880.00
1,145.00
4,500.00
960.00
760.00,
5,840.00
3,210.00
1,060.00
2,240.00
900.00
1,080.00
97,919. 36 2,543,785.18
a Including the State of Nevada.
b Including the State of Wyoming.
c Including the State of Rhode Island.
d Including the Indian Territory and the Territory of Oklahoma.
e Including the State of Mississippi.
/ I n c l u d i n g the State of Delaware, District of Columbia, aud two counties of Virgiuia.
g Including the States of Idaho and Utah,
h Including the States of North Dakota and South Dakota.
2 Including the States of Maine and Vermont.
/c Including the Territory of Arizona.
' Including the State of "Washington and the Territory of Alaska.
678
REPORT ON THE FINANCES.
F I L L E D CHEESE.
The following statements show the operations under the act of June
6, 1896, defining cheese, imposing a tax upon and regulating the manufacture, sale, importation, and exportation of filled cheese.
The quantity of filled cheese produced, withdrawn tax-paid for
export, and that withdrawn tax-paid for domestic use from manufactories, monthly, from July 1, 1898, to June 30, 1900, is as follows:
Month.
1898.
July.. .
August
September
October
November
December..
January
February
March
April
May..
June
July
August
September..
October
November
December
January
February
March..
April
May
June
Quantity
produced.
Pounds.
Quantity withdrawn
tax-paid.
For doFor exmestic use. port.
Pounds.
Pounds.
:
..
. . . .
71,856
1899.
..
...
...
71,856
223,830
231,635
317,112
• 234,025
275,127
335,065
223,830
231,635
317,112
234,025
275,127
336,065
•
84,375
113,346
168,742
1900.
•
..
.
.
84,375
113,346
142,723
218,508
221,673
235,818
319,846
212,671
15,222
214,895
221,673
232,180
319,846
197,449
3,263,629
48,492
3,215,137
-•
Total
26,019
3,613
3,638
I t will be noted from the above table that the largest production
month for the fiscal year ended June 30, 1899, was June, and the
quantity produced that month was 335,065 pounds. The largest production month for the fiscal year ended June 30, 1900, was April, and
the quantity produced that month was 319,846 pounds.
There were 1,688,650 pounds of filled cheese produced at manufactories during the fiscal year ended June 30, 1899, and the entire quantity was tax-paid. For the fiscal year ended June 30, 1900, 1,574,979
pounds were produced and tax-paid, showing a decrease in production
as compared with the previous year of 113,671 pounds.
I t appears that the average monthly production for the seven production months of the fiscal year ended June 30, 1899, was 241,236
pounds, and for the eight production months of the fiscal year ended
June 30, 1900, 196,872 pounds. There was no production in the
months of July, August, September, and June of the fiscal year ended
June 30, 1900.
679
COMMISSIONEE OP I N T E R N A L B E V E N U E .
STATEMENT, BY DISTRICTS, SHOWING THE NUMBER OF ESTABLISHMENTS FOR WHICH
SPECIAL T A X WAS P A I D TO CARRY ON THE BUSINESS OF MANUFACTURING AND DEALING IN FILLED CHEESE DURING THE FISCAL Y E A R ENDED J U N E 30, 1900.
Manufactories.
Districts.
Firstlllinois
Maryland
6
Total for twelve months ended June 30,1900
Total for twelve months ended June 30, 1899
Retail
establishments.
6
5
Districts'
Firstlllinois
M aryland a
2
Total
Collections Special taxes of—
on filled
cheese at 1 ManufacRetail
cent per
turers.
dealers.
pound.
SIS,750.47
$1,300.01
15,750.47
1,300.01
6
2
2
RECEIPTS UNDER THE FILLED-CHEESE L A W DURING THE FISCAL YEAR
JUNE 30, 1900.
,
Total.
8
5
ENDED
Total.
814.00
$17,050.48
14.00
14.00
17,064.48
a Including the State of Delaware, District of Columbia, and two counties of Virginia.
680
REPORT ON T H E FINANCES.
M I X E D FLOUR.
The following statements show the operations underthe act of June
13, 1898, defining mixed flour, imposing a tax upon and regulating
the manufacture, sale, importation, and exportation of mixed flour.
The quantity of mixed flour produced, withdrawn tax-paid, withdrawn for export, and destroyed at manufactories, monthly, from
July 1, 1899, to June 30, 1900, is as follows:
Barrels.
Half
barrels,
621
2,284
2,977
3,106
3,711
3,652
3,907
2,786
4,326
19,870
37,357
27,680
20,619
9,762
3,227
3,246
3,792
2,939
3,047
3,189
Quarter
barrels,
Eighth
barrels.
Pounds.
QUANTITY PRODUCED.
Balance July 1,1899
July
August
September
October
November
December
January
February
March
April
May
June
1900.
Total...:
2,401
337,123
1,170
1,681
5,009
5,811
2,958
1,899
4,826
4,893
14,204
11,887
19,584
7,863
1,056,998
2,228,836
4,081,251
3,209,882
2,686,530
1,588,111
9.780
7,396
7,155
4,110
3,832
4,041
2,074
1,809
2,207
1,561
1,857
1,634
10,577
8,200
9,123
4,699
4,957
5,489
1,685,889
1,452,623
1,604,523
1,063,589
1,103,219
1,154,648
40,099
1899.
158,212
30,193
108,703
23,253,222
3,003
2,651
3,820
3,733
3,864
2,955
4,588
7,705
42,610
29,385
19,914
11,744
1,268
1,508
4,738
C5,500
1,075,236
a l , 286,667
54,313,800
2,470
4,718
a 5,721
bil, 212
12,944
15,511
10,639
3,319
3,303
3,747
2,910
3,165
3,159
11,383
8,021
7,151
4,076
3,844
db, 881
2,251
1,851
2,224
1,436
1,759
1,736
9,955
9,402
9,612
5,065
5,836
cZ5,930
1,833,029
1,520,751
1,556,424
1,055,362
1,141,389
cZl,297,767
39,629
470
156,302
1,910
29,865
328
106,545
2,168
22,955,445
297,777
40,099
158,212
30,193
108,703
23,253,222
QUANTITY W I T H D R A W N TAX-PAID,
1899.
July
August
September
October
November
December
January
February
March
April
May
June
1900.
Total
:
Balance on hand June 30,1900
Total
aThis quantity
6 This quantity
cThis quantity
d This quantity
manufactories.
•6,12i
c3,460,233
2,606,825
1,807,962
contains 77 one-eighth barrels (1,848 pounds) destroyed in manufactories.
contains 27 one-eighth barrels (492 pounds) destroyed in manufactories.
contains 13 one-quarter barrels (624 pounds) destroyed in manufactories,
contains 21 one-half barrels and 57 one-eighth barrels (2,983 pounds) destroyed in
I t will be noted from the above table that the largest production
month of the fiscal year ended June 30, 1900, was September 1899, and
that the quantity produced that month was 4,081,251 pounds, packed in
3,711 barrels, 37,357 half barrels, 5,009 quarter barrels, and 14,204
eighth barrels. Also that the largest w^ithdrawalmonth was September.5'
1899, and the quantity withdrawn w^as 4,313,800 pounds packed in
681
COMMISSIONER OF INTERNAL REYENUE.
3,820 barrels, 42,610 half barrels, 4,738 quarter barrels, and 11,212
eighth barrels.
JSTO mixed flour was withdrawn for export during the fiscal year
ended June 30,1900. I t appears that the average monthly production
for the twelve months ended June 30, 1900, was 1,937,768 pounds,
and the average monthly withdrawal for same period was 1,912,953
pounds.
STATEMENT BY STATES AND TERRITORIES SHOWING NUMBER OF ESTABLISHMENTS FOR
WHICH SPECIAL T A X WAS P A I D TO CARRY ON DURING FISCAL YEAR ENDED JUNE
30, 1900, THE BUSINESS OP MANUFACTURING, PACKING, AND REPACKING M I X E D
FLOUR.
Packing RepackManufac- establish- ing estab- Totals.
lishtories.
ments.
ments.
states and Territories.
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Idaho..
Illinois
Indiana.
.
Indian Territory
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts.
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada.
.
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah .
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
2
I
.
3
I
1
•..
2
2
8
8
5
8
I
5
8
1
.
3
.
§
1
1
1
'.
. . .
Total
Fiscal year ended June 30,1899
.
.
.
1
2
6
1
6
I
7
1
6
1
3
1
3
17
1
1
2
2
1
4
3
9
2
10
3
3
12
2
10
1
19
3
3
1
1
1
4
1
4
102
94
9
20
1
2
112
116
It will be noted from the above table that there was an increase of
8 in the manufactories, a decrease of 11 in packing establishments and
of 1 in repacking establishments, or a net decrease of 4 in totalnumber
special-tax payers.
682
REPORT ON T H E FINANCES.
RECEIPTS UNDER THE MIXED-FLOUR L A W DURING THE FISCAL YEAR ENDED JUNE
30, 1900.
Alabama
Arkansas
First California
Fourth California a
Colorado b
Connecticut c
Florida
Georgia
Hawaii
First Illinois
Fifthlllinois
Eighth Illinois
Thirteenth Illinois
Sixth Itndiana '.
Seventh Indiana
Third Iowa
Fourth Iowa
Kansas d .
Second Kentucky
Fifth Kentucky
Sixth Kentucky
Seventh Kentucky
Eighth Kentucky
Louisiana e
Maryland/
Massachusetts
First Michigan
Fourth Michigan
Minnesota
First Missouri
Sixth Missouri
Montana g
Nebraska h
New Hampshire i
First New Jersey
Fifth New Jersey
New Mexico k
First New York
Second New York
Third New York
Fourteenth New York
Twenty-first New York
Twenty-eighth New York
Fourth North Carolina
Fifth North Carolina
First Ohio
Tenth Ohio
Eleventh Ohio
.
Eighteenth Ohio
Oregon I
.
First Pennsylvania
Ninth Pennsylvania
Twelfth Pennsvlvania
Twenty-third Pennsylvania
South Carolina
Second Tennessee
Fifth Tennessee
Third Texas
Fourth Texas
Second Virginia
Sixth Virerinia
..
West Virginia
First Wisconsin
Second Wisconsin
.
Total
Mixedflour,per quarter
barrel of 49 pounds, or
more than 24^ pounds,
1 cent.
Districts.
Mixedflour,per half barrel of 98 pounds or
more than 49 pounds,
2 cents.
Mixedflour,per barrel
of 196 pounds, or more
t h a n 98 p o u n d s , 4
cents.
[For notes to the references in this table, see page 553.]
fl
If
0
a
%^B
.ass
f( S s^
riM 0
l|
fl ^ fl
1
8.00
$35.05
7.00
16.00
33.48
44.67
$1.50
8.00
26.00
45.00
121.99
19.95
388.00
431.17
10.00
$7.80
30.00
40.00
$3.25
6.50
7.48
$2.04
30.28
8.00
15.12
.10
$24.00
50.00
51.00
10.00
4.00
10.70
232.05
L80
26.50
11.10
192.42
.28
.70
LOO
.50
40.00
22.00
97.00
12.00
70 78
44.00
522.47
15.00
5.80
213.80
57.10
6.90
24.00
307.60
73.68
5.00
65.10
774.10
19.00
40.00
4.00
2.00
...
. 56.66
161.00
19.00
6.54
LOO
3.50
8.25
8.00
12.00
48.00
22.00
14.00
68.44
3L00
36.00
193.32
797.10
21.50
95.69
81.00
- 50.00
.20
...
344.66
6.00
.25
35.88
36.00
128.13
165.00
33.50
820.00
8.00
.04
126.02
9i.6i
2.36
363.27
277.69
10.60
38.00
117.00
45.00
12.00
. 228.86
480.27
1,577.60
30.50
.04
242.02
34.00
82.00
2.00
.64
. .
7.00
12.00
21.00
6.50
22.00
.02
24.20
33.78
16.60
20.00
24.00
93.00
46.00
10.00
56.76
51.50
134.23
62.50
12.00
5.60
7.39
2.00
864.20
8.00
4.60
57.50
16.88
57.60
91.60
131.00
999.08
152.00
•
8.00
22.00
7.00
42.50
10.50
36.00
248.00
2.60
.28
9.00
11.88
1,568.44
7,439.46
1,802.91 2,643.08
290.25
1,134.78
COMMISSIONER OF INTERNAL REVENUE.
683
DIVISION O F CHEMISTRY.
The samples examined in the laboratory at San Francisco, Cal., during the fiscal year ended June 30, 1900, were as follows:
Fortified sweet wines
Miscellaneous
„
1,362
Total....;.
Decrease from last fiscal year
1,362
751
The following table shows the number and character of the samples
examined in the work of the laboratory at Washington during the past
fiscal year:
Oleomargarine
Butter
Flour
Malt liquors
Fermented liquors, other than malt
Distilled liquors.
Fortified wine
Medicinal articles
Smoking opium
Mineral water
Ink
Mucilage
Typewriter ribbons
Copying pencils
Sealing wax.. _
Sugar
Miscellaneous
„
^
_
_
Total
Increase over last fiscal year
:
177
87
20
28
109
72
50
55
4
13
57
16
15
22
11
6
18
760
159
The number of samples of material suspected of being oleomargarine
was 264, an increase of 151 over last year.
I have the honor to be, respectfully,
G. W.
WILSON,
Coirumissioner of Internal Revenue.
Hon.
LYMAN J. GAGE,
Secretary of the Treasury.
O
@FedFRASER