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ANNUAL REPORT OF THE Secretary of the Treasury ON THE STATE OF THE FINANCES Fiscal Year Ended June 30, 1901. WASHINGTON: GOVEBNMENl PKINIING 1901. OFFICE. V TKEASURY DEPAKTMENT, Document No. 2238. 0 O N" T E ]sr T s . Page. RECEIPTS AND EXPENDITURES 1 Fiscal year 1901 Fiscal year 1902 Fiscal year 1903 : 1 5 6 ' OPERATIONS OF THE TREASURY .^.. 7 T H E M I N T SERVICE 9 ENGRAVING AND PRINTING .' . PUBLIC MONEYS NATIONAL BANKS 12 13 J • 14 LOANS AND CURRENCY 19 FOREIGN COMMERCE. 22 CUSTOMS • Reorganization of districts Special agents Undervaluations Smuggling Russian sugar bounty case Compensation of informers 25 .----* 25 25 26 26 27 30 : ALASKA 31 Salmon fisheries^ .^ Seal herd .....T .- 31 32 • INTERNAL REVENUE 34 DISTRICT OF COLUMBIA ^ PUBLIC BUILDINGS 35 .' 35 H A L L OF RECORDS 37 IMMIGRATION ^ •. 38 CHINESE EXCLUSION 40 MARINE-HOSPITAL SERVICE 41 Sanatorium for consumptives. Fort Stanton, N. Mex Purveying depot. New York Aids to other services Personnel Expenditures Florida quarantine transferred to the Government Texas border quarantine Smallpox . . . . . . . . ^ : Plague Yellow fever i Foreign and insular quarantine Hygienic laboratory : Legislation REVENUE-CUTTER SERVICE Personnel Vessels Bering Sea and Alaska . : ^ 48 £ '. = ,.»», . .,,^, III O 41 41 41 42 42 43 43 . 43 44 45 46 47 47 48 49 50 IV CONTENTS. Page. NAVIGATION 50 STEAMBOAT-INSPECTION SERVICE 55 COAST AND GEODETIC SURVEY 56 NATIONAL BUREAU OF STANDARDS 58 LIGHT-HOUSE ESTABLISHMENT LIFE-SAVING SERVICE ! '. 60 62 SECRET SERVICE 65 S T A T E B O N D S A N D STOCKS O W N E D B Y T H E tJNiTED S T A T E S 65 CENTRAL PACIFIC DEBT 66 SIOUX CITY AND PACIFIC DEBT 66 PIAWAiiAN D E B T 67 PORTO RICO °. 68 Exchange of Porto Rican coins. Insular customs and commerce 70 70 : REDUCTION OF REVENUE 71 BANKING AND CURRENCY 73 Banking ' The currency Present conditions favorable to reform. .:..... •. 73 77 84 Tables accompanying ihe report. TABLE A.—^^Statement of the outstanding principal of t h e public debt of the UnitedStates J u n e 30, 1901. ...-.-.-.89 TABLE B.—Statement of t h e outstanding principal of t h e public debt of the United States on t h e Isf of January of each year from 1791 to 1843, inclusive; and on t h e 1st of J u l y of each year from 1843 to 1901, indusive :.-. 101 TABLE C.—Analysis.of the principal of t h e public debt of-the United States, from J u l y l , 1856, to J u l y 1, 1901 ....^.. 102 TABLE D.—Statement of the issue and redemption of loans and Treasury notes (by warrants) for t h e fiscal year ended J u n e 30, 1901 104 TABLE E.—Statement showing t h e purchase a n d redemption of bonds on account of t h e sinking fund during each fiscal year from its institution in-May, 1869, to and including J u n e 30, 1 9 0 1 . . . . . . 105 TABLE F.—Sinking-fund account for t h e fiscal year 1901 . 112 TABLE G.—Population, net revenue, and net expenditures of the Government from 1837 to 1901, and per capita of t h e revenues and per capita of expenditures 113 TABLE H . — I n t e r n a l and customs revenue and expenses of collecting, from 1858 to 1 9 0 1 . . . . . . . ; . . . . 114 TABLE I.—Statement showing t h e revenues and expenditures of t h e Government b y months; the 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 6f legal-tender notes in gold, and the imports and exports of gold from January, 1879, to June, 1901, inclusive.. 115 TABLE J.—Statement of t h e net disbursements (by warrants) during t h e fiscal year ended J u n e 30,1901.. : . 123 TABLE K.—Statements of receipts of t h e United States from March 4, 1789, to J u n e 30, 1901, b y calendar years to 1843 and by fiscal years (ended J u n e 30) from that time i 126 TABLE L.—Statement of expenditures of t h e United States from March 4, .1789, to J u n e 30, 1901, b y calendar years to 1843 and by fiscal .. years (ended J u n e 30) from t h a t time .o 130 CONTENTS. V Page. TABLE M.—Statement of the coin and paper circulation of the United States from 1860 to 1901, inclusive, with amount- of circulation per capita '. TABLE N.—Statement of United States bonds and other obligations received and issued by the Secretary of the Treasury • from November 1, 1900, to October 31, 1901 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, 1901 '. : TABLE P.—Statement of customs business for the- fiscal year ended J u n e 30, 1901 ;....! • 134 135 136 138 APPENDIX TO REPORT ON THE FINANCES. REPORT OF THE TREASURER 145-285 Revenues and expenditures for 1900 and 1901 145 Transactions relative to the public debt 146 Ordinary and debt transactions combined 146 Revenues and expenditures for first quarter of 1901 and 1902 147 The reserve and trust funds 147 Redemption of notes in gold ^ 148 General fund—cash in the vaults 148 Available cash balance 149 . Consols of 1930 149 Bonds bought 150 The public debt '. 151 Anticipation of interest 152 Security for bank circulation and deposits 152 The monetary stock close of June, 1900 and 1901 153 The monetary stock November 1, 1901 153 Distribution of Treasury assets in offices and banks 154 Growing use of gold in stock and circulation 155 Gold in the Treasury : 1. 156 Transfers for deposits of gold •. 157 Transfers for deposits in New York 158 Points at which payment is made for gold received at Western mints and assay offices 159 Variations in the currency 160 Circulation by df^nominations by years since 1897 161 Kinds of currency '. 162 Denominations of Government paper currency and their average value 162 Percentage to total paper currency of denominations of |10 and less 162 Pa^Dcr currency issued in 1900 and 1901, and average value. 162 Paper currency issued in first quarter of 1902, and average value 163 Paper currency redeemed in 1900 and 1901, and average value. 163 Paper currency redeemed in first quarter of 1902, .and average vahie . 164 Shipments of currency from Washington 165 Additional facilities for production 166 Retirement of Treasury notes 167 Redemption of national-bank notes 167 The Suffolk system and the national-bank redemption agency 168 Movement of standard silver dollars . 169 Movement of subsidiary coins. 171 Redemption of subsidiary coins 171 VI , CONTENTS. REPORT OF THE TREASURER—Continued. Minor coins Movement of minor coins Redemption of minor coins Recoinage Spurious issues Porto Rico tariff fund. Trust funds—Central Pacific Railroad bonds Special trust funds District of Columbia sinking funds The appendix shortened . The work of the Treasurer's office Page, - ' 1 . 172 172 173 173 174 174 174 174 175 175 176 Appendix to report of the Treasurer. No. 1.—Revenues and expenditures for the fiscal year 1901 No. 2.—Net ordinary revenues and expenditures for each quarter ofthe fiscal year 1901 : No. 3.—Receipts and expenditures on account of the Post-Office Department for the fiscal year 1901 No. 4.—Receipts and disbursements of each kind of money on all accounts at the Treasury in Washington for the fiscal j^ear 1901 No. 5.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in Baltimore for the fiscal year 1901 No. 6.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in New York for the fiscal year 1901 No. 7.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in Philadelphia for the fiscal year 1901 No. 8.^Receipts and disbursements of each kind of money on all accounts at the subtreasury in Boston for the fiscal year 1901 No. 9.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in Cincinnati for the fiscal year 1901 No. 10.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in Chicago for the fiscal year 1901 No. 11.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in St. Louis for the fiscal year 1901 No. 12.—Receipts and disbursements of each kind of money on all accounts at the subtreasury in New Orleans for t h e fiscal year 1 9 0 1 . . . . No. 13.—Receipts and disbursements of each kind of money on all accounts at t h e subtreasury in San Francisco for t h e fiscal year 1901 . . . No. 14.^Total receipts and disbursements of each kind of money on all accounts at the Treasury offices for the fiscal year 1901 No. 15.—Assets and liabilities of the Treasury offices, J u n e 29, 1901 ! No. 16.—Assets of the Treasury in the custody of mints and assay offices, June' 29, 1901 No. 17.—General distribution of the assets and liabilities of the Treasury. No. 18.—Distribution of the general Treasury balance J u n e 29, 1901 No. 19.—Available assets and net liabilities of the Treasury at the closeof June, 1900 and 1901 No. 20.—Assets and liabilities of the Treasury in excess of certificates and Treasury notes at the close of June, 1900 and 1901 No. 21.—Unavailable funds of the Treasury and Post-Office D e p a r t m e n t . . No. 22.—Gold coin and bullion in the Treasury at the end of each month, from January, 1890 No. 23.—-.Silver coin and bullion in the Treasury at the end of each month, from January, 1890 177 177 177 178 179 180. 181 182 183 184 185 186 187 188 189 190 191 191 192 192 193 194 196 CONTENTS. REPORT OF THE TREASURER—Continued. VII Page. No. 24.—United States notes, Treasury notes, and national-bank notes in the Treasury at the end of each month, from January, 1890 No; 25.—Gold certificates, silver certificates, and currency certificates in the Treasury at the end of each month, from January, 1890.. No. 26.—Assets of the Treasury other than gold, silver, notes, and certificates at the end of each month, from January, 1890 , No. 27.—Assets of the Treasury at the end of each month, from January, 1890 No. 28.—Liabilities of the Treasury at the end of each month, from' January, 1890 No. 29.—Assets of the Treasury in excess of certificates and Treasury notes at the end of each month, from January, 1890 No. 30.—United States notes of each dencmination issued, redeemed, and outstanding at the close of each fiscal year, from 1890 No. 31.—Treasury notes of 1890 of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1 8 9 1 . . . . . No. 32.—Gold certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1890 No. 33.—Silver certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1890 No. 34.—Currency certificatesof each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1890. No. 35.—Amount of United States notes, Treasury notes, and gold, silver, and currency certificatesof each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1890 No. 36.—Amount of paper currency of each denomination outstanding at the close of each fiscal year, from 1890 No. 37.—Old demand notes issued, redeemed, and outstanding at the close of each fiscal year, from 1890 No. 38.—Fractional currency issued, redeemed, and outstanding at the close of each fiscal year, from 1890 No. 39.—United States paper currency outstanding at the close of each fiscal year, from 1890 No. 40.—Estimated stock of gold coin and bullion at the end of each month, from January, 1890 ^ No. 41.—Estimated stock of silver coin at the end of each month, from January, 1890. No. 42.—United States notes, Treasury notes, and national-bank notes outstanding at t h e end of each month, from January, 1890 No. 43.—Gold certificates, silver certificates, and currency certificates outstanding at the end of each month, from January, 1890 No. 44.—Estimated stock pf all kinds of money at the end of each month, from January, 1890 No. 45.—Estiuiated amount of gold and silver in circulation at the end of each month, from January, 1890 No. 46.—United States notes. Treasury notes, and national-bank notes in circulation at the end of each month, from January, 1890 No. 47.—Gold certificates, silver certificates, and currency certificates in circulation at t h e end of each month, from January, 1890 No. 48.—Estimated amount of all kinds of money in circulation at the end ' of each month, from January, 1890 :' No. 49.—Estimated amount of gold and gold certificates, silver and silver certificates, and notes and currency certificates in circulation at the end of each month, from January, 1890 .... 198 200 202 204 206 208 210 212 214 216 218 219 222 225 225 225 226 228 230 232 234 236 238 240 242 244 VIII CONTENTS. REPORT OF THE TREASURER—Continued. • ' Page. 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 January, 1890 246 No. 51.—United States notes and Treasury notes redeemed in gold, and imports and exports of gold during each month, from January, 1890 : 248 No. 52.—United States notes and Treasury notes redeemed in gold, and imports and exports of gold during each fiscal year, from 1890... 250 Np. 53.—Treasury notes of 1890, issued, retired by redemption in silver dollars, and outstanding, together with the silver in the Treasury purchased by such notes, for each month, from August, 1890. 250 No. 54.—Transactions between the subtreasury and clearing house in New . York during each month, from January, 1890 252 No. 55.—Amount of each kind of money used in settlement of clearinghouse balances against the subtreasury in New York during each month, from January, 1890 : 254 No. 56."—Monthly receipts from customs at New York and percentage of each kind of money received, from January, 1890 256 No."57.—Subsidiary silver of each denomination in each office of theTreasury and Mint J u n e 29, 1901 258 No. 58.—Minor coin of each denomination in each office of the Treasury and Mint J u n e 29,1901 258 No." 59.—Shipments of silver coin from each office of t h e Treasury and Mintfrom July 1, 1885 259 No. 60. —Shipments of silver coin from the Treasury offices and mints during each fiscal year from 1890, and charges thereon for transportation. 259 No.'61.—Number of national banks with semiannual duty paid, by fiscal years, and number of depositaries with bonds as security, by fiscalyears.. ,..... 259 No. 62.—Average amount of national-bank notes in circulation, and amount of duty paid thereon, during t h e fiscal year 1901, by national banks, in each State and Territory 260 No.'63.—Receipts and disbursements of public moneys through nationalbank depositaries, by fiscal years, from 1890 260 No. 64.—Old demand notes of each denomination issued, redeemed, and outstanding J u n e 29, 1901 260 No. 65:—Fractional currency of each denomination issued, redeemed, and outstanding J u n e 29, 1901 261 No. 66.—Compound-interest notes of each denomination issued, redeemed, and outstanding J u n e 29, 1901 261 No.' 67.—One and two year notes of each denomination issued, redeemed, and outstanding J u n e 29, 1901 . . . . . . . ^ , 261 No. 68.—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 29, 1901 261 No. 09.—Seven-thirty notes issued, redeemed, and outstanding J u n e 29, ^ 1901 262 No. 70.—Coupons from United States bonds and interest notes paid during ' the fiscal year 1901, classified by loans 262 No. 71.—Checks issued for interest on registered bonds of t h e United " States during the fiscal year 1901 262 No. 72.—Interest on 3.65 per cent bonds of the District of Columbia paid during t h e fiscal year 1901 . .' 262 CONTENTS. REPORT OF THE TREASURER—Continued. No. 73.—Bonds purchased during the fiscal year 1901 No. 74.—Refunding certificates, convertible into bonds of t h e funded loan of 1907, issued, converted, and outstanding at the close of each fiscal year from 1890 ' No. 75.—Public debt at the close of June, 1900 and 1901, and changes during the y e a r . . . . . . No. 76.—Public debt J u n e 29, 1901, and October 31, 1901, and changes during the period No. 77.—United States bonds retired, from May, 1869, to J u n e 29, 1 9 0 1 . . No. 78.—Bonds and other securities retired for the sinking fund during the fiscal year 1901, and total from May, 1869 No. 79.—Bonds called, redeemed, and outstanding J u n e 29, 1901 * No. 80.—Public debt, exclusive of certificates and Treasury notes, at the end of each month, from January, 1890 Nc. 81.—Lawful money deposited in the Treasury each month of the fiscal year 1901 for the redemption of national-bank notes. No. 82.—Disbursements from redemption accounts of national banks each month of the fiscal year 1901 No. 83.—National-bank notes received for redemiDtion from the principal cities and other places each month of the fiscal year 1901, in thousands of dollars No. 84,—Redemptions and deliveries of national-bank notes each month of the fiscal year 1901 No. 85.—Redeemed national-bank notes delivered from the Treasury each month o f t h e fiscal year 1901 ...'1 No. 86.—National-bank notes received for redemption from t h e principal cities and other places, by fiscal years, from 1890, in thousands of dollars „ No. 87.—Result of the count of national-bank notes received for redemption, by fiscal years, from 1890 No. 88.^Disposition made of the notes redeemed at the National Bank Redemption Agency, by fiscal years, from 1890 No. 89.—Mode of payment for notes redeemed at the National Bank Redemption Agency, by fiscal years, from 1890 No. 90.—Deposits, redemptions, assessments for expenses, and transfers and repayments, on account of t h e 5 per cent redemption fund of national banks, by fiscal years, from 1890 No. 91.—Deposits, redemptions, and transfers and repayments, on account of national banks failed, in liquidation, and reducing circulation, by fiscal years, from 1890 No. 92.—Expenses incurred in t h e redemption of national-bank notes, by fiscal years, from 1890 No. 93. —General cash account of the National Bank Redemption Agency for the fiscal year 1901, and from J u l y 1, 1874 No. 94.—Assets and liabilities of t h e 5 per cent redemption fund of national banks at the end of each month, from January, 1890. No. 95;—National-bank notes outstanding at the end of each month, and monthly redemptions, from January,-1890 No. 96.—Average amounts of national-bank notes redeemable and amounts redeemed, by fiscal years, from 1 8 9 0 . . . . . . . . . No. 97—Percentage of outstanding national-bank notes redeemed and assorted each fiscal year, from 1891, by geographical divisions. No. 98.—Average amount of national-bank notes outstanding, and the redemptions, by fiscal years, from 1875 IX Page. 262 263 264 265 266 266 267 270 272 272 272 273 273 273 274 274 274 274 275 275 276 276. 278 279 279 280 X CONTENTS. REPORT OF THE TREASURER—Continued. Page. No. 99.—Percentage of national-bank notes received for redemption from t h e principal cities and other places, by months, from July, 1874 No. 100.—Changes during t h e fiscal year 1901 in the force employed in the Treasurer's office No. 101.—Appropriations made for the force employed in the Treasurer's office, and salaries paid during t h e fiscal year 1901 DIRECTOR OF THE M I N T .' 285 285 287-389 Coinage of t h e mints Legislation recommended 1 Minor coinage should be authorized at t h e other mints Deficiencies in the bullion accounts of the mints Minor coinage metal fund St. Louis assay office Deposits of gold bullion, fiscal year 1901 Redeposits of gold bullion Deposits of silver bullion, fiscal year 1901 Redeposits of silver bullion Deposits of gold and silver since 1880 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 Purchase of silver .• Balances of silver bullion Market price for silver during the fiscal year 1901 i Exports of silver to the East Value of net imports of silver into India since 1835 Distribution of silver dollars i Circulation of silver dollars Seigniorage on silver coinage. Appropriations and expenditures Earnings and expenditures of the refineries of the coinage mints and the assay office at New York during fiscal year 1901 Appropriations and expenditures of the office of the Director of the Mint for the fiscal year 1901 Earnings and expenditures of t h e mints and assay offices Classified statement of expenditures Imports and exports of t h e precious metals Movement of gold from t h e United States Stock of money in t h e United States Ownership of t h e metallic stock : Stock and location of t h e metallic and paper money in t h e United States. Gold holdings of State and private banks Stock of gold and silver in t h e United States since 1873 Stock of money in the principal countries of t h e world in 1873 World's stock of money Gold and silver used in the industrial arts .Exchange of gold bars for gold coin Product of gold and silver in Ihe United States World's production, 1898, 1899, and 1900 281 287 288 289 289 289 290 . 290 292 293 294 296 297 297 300 300 300 301 301 306 306 308 309 310 310 311 311 313 313 314 314 315 318 319 321 322 323 324 325 325 328 333 334 336 CONTENTS. ^ XI DIRECTOR OF THE MINT—Continued. Page. World's coinage, 1898, 1899, and 1900 337 Foreign coins melted by certain countries ' 339 Recoinages of the world 339 Value of foreign coins ^ 340 Laboratory of t h e Bureau of t h e Mint 346 Proceedings of the assay commission of 1901 348 Mint of the United States at Philadelphia 350 Minor coins 353 ' Mint of t h e United States at San Francisco, Cal 360 Mint of the United States at New Orleans, La 364 Assay office of the United States at New York 367 Mint of t h e United States at Carson, Nev 369 Mint of the United States at Denver, Colo. 369 Assay office of the United States at St. Louis, Mo 370 Assay office of the United States at Deadwood, S. Dak 371 Assay office of the United States at Seattle, Wash 371 Assay office of the United States at Boise, Idaho 372 Assay office of the United States at Helena, Mont 373 Assay office of the United States at Charlotte, N. C 373 Summary of operations of assay offices 374 Summary of operations of mints and assay offices 374 Bullion operations, legal allowance, and wastage, fiscal year 1901 374 Quantity of metal operated upon, Avastage, and loss, fiscal year 1901 375 Summary of the work of the minor assay offices 376 Metallurgical operations, 1900 and 1901 376 Mechanical operations, 1900 and 1901 376 Work of minor assay offices, 1900 and 1901 376 Operations of the Mint Service, 1900 and 1901 . ° . . . 377 Melts of gold and silver for ingots made and condemned, 1900 and 1901 . . 377 Important foreign monetary changes 380 Brazil : 380 India 382 Other countries 383 Monetary statistics of foreign countries 383 Imports and exports of the principal countries of the world _...... 385 Acknowledgments .'. .389 Appendix to Eeport of the 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 t h e fiscal year ended J u n e 30, 1901 X.—Quantity and cost of silver used in t h e coinage of silver dollars, dollars coined, and seigniorage on same during the fiscal year 1901 XI.—Coinage executed at the mints of the United States during the fiscal year ended J u n e 30,1901 XII.—Coinage executed at the mints of the United States during the six months ended J u n e 30, 1901 X I I L — E a r n i n g s and expenditures of the United States mints and assay offices for the, fiscal year ended J u n e 30, 1901 ^..... XIV.—Seigniorage on the coinage of silver and di-sposition of the same during the fiscal year ended J u n e 30,1901 -. XV.—Assets and liabilities of the United States mints and assay offices, . J u n e 3 0 , 1901 390 392 394 394 396 398 400 Xil CONTENTS. DIRECTOR OF THE MINT—Continued. Page. XX.—Recapitulation of imports and exports of bulhon and coin during the fiscal year ended J u n e 30, 1901 402 XXI.—Highest, lowest, and average price of bar silver in London, per ounce British standard (0.925), since 1833, and the equivalent in United States gold coin of an ounce 1,000 fine, taken at t h e average price 402 XXIL—Commercial ratio of silver to gold each year since 1687 403 XXIII.—Average price of an ounce of gold in London and equivalent value in United States since 1870 404 XXIV.—Coinage value in gold of an ounce of fine silver at the ratios 1:15-1:40 ':.... 405 XXV.—Bullio.n value of 3 7 1 | grains of pure silver at the annual average price of silver each year from 1837 405 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, 1901 406 X X V I I . — P r o d u c t o£ gold and silver in the United States from 1792 to 1844, and annually since •. 407 XXVIIL—Coinage of n a t i o n s . . : 408 X X I X . — W o r l d ' s production of gold and silver for calendar years 1898, 1899, and 1900 : » 409 =«- XXX.—Production of gold and silver in the world since the discovery of America 412 XXXII.—Coinage of the mints of the United States from their organiza• tion, 1792, to J u n e 30, 1901 414 XXXIII.—Silver coinage, by acts and denominations, from 1792 to J u n e 30, 1901 415 XXXIV.—Coinage of the mints of the United States from their organization, by calendar years 416 X X X V . — I m p o r t s and exports of the precious metals of the principal countries of the world 438 XXXVI.—Coinage of the principal countries of the world, so far as reported, since 1873. 463 X X X V I I . — M o n e t a r y statistics of foreign countries 472 Argentina 474 Austria-Hungary 475 Belgium. (^See Latin Union.) • Bolivia , : 477 Brazil : 478 British I n d i a . ^ 479 Bulgaria 480 Canada . . . . . . : . . i : u ^ : . u . u : . . : . . . i 481 Central America 481 • Costa Rica 482 Chile 483 China : . - : : . . . - . . . . . . . . :. 484 Cuba 1 486 Colombia . . . :.....::-•.::•:........ Ecuador • Egypt.......... France. {See Latin Union.) Finland-.... L . : . . . . . . . . . 486 487 487 488 CONTENTS. XIII DIRECTOR OF THE MINT—Continued. Page. German Empire Great Britain and t h e colonies Greece. (/See Latin Union.) ^ • Haiti :.. Italy. {See Latin Union.) Japan Latin Union—France, Belgium, Italy, Switzerland, and Greece ' Mexico The N e t h e r l a n d s . . . . . . . ---.-." -Norway. {See Scandinavian Union.). Paraguay ., Persia Peru_..........l P o r t u g a l . . . . . . . . - - . . . . . . . . . . . . . . ..'J. : Roumania Russia •. Scandinavian Union Servia. ....... Siam ' Spain... Sweden, ( f e Scandinavian Union.) Switzerland, ( f e Latin Union.) Turkey 1... ..V..... United States V. Venezuela .". X X X V I I I . — M o n e t a r y systems of t h e principal countries of t h e w o r l d . . . X X X I X . — S u m m a r y of monetary events since 1786 REPORT OF THE COMPTROLLER OF THE CURRENCY 489 490 , 491 492 494 502 ^^^ 504 505 505 506 506 507 509 510 511 511 512 513 516 474 516 519-565 Condition of national banks 519 Reserve required and h e l d . . . ' 522 Rates for loans .-.....522 Clearing-house transactions 523 United States bonds and national -bank circulation.. 523 Capital and surplus of national and other banks, and distribution of banking facilities, year ended J u n e 30, 1901. „ .1 525 Aggregate resources, etc., of banks 526 Earnings, dividends, etc., of national banking associations 528 National-bank shares and shareholders ^... 528 Organization of national banks 529 Expiration and extension of t h e corporate existence of national banking associations ;. 634 Insolvent national b a n k s . 535 State, savings, private banks, loan and trust companies 536 Savings banks -. 537 School savings banks 542 Building and loan associations - 542 State and private bank failures ^ . . 543 Banks and banking in— Hawaii I . . . I . . . . . . . 544 Porto Rico : •--- , 5 4 5 The Philippines.. .:.... '.'...l.y.'.yi....... '. 546 Savings banks of t h e world , - 546 Priricipal foreign banks of issue 549 Banking power of t h e world . . . . ~ 550 XIV CONTENTS. REJPORT OF THE COMPTROLLER OF THE CURRENCY—Continued. Page. " Recommendations 551 Appendix to Rejyort of the Comptroller of the Currency. Quarterly statements of banking institutions in t h e Philippine I s l a n d s . . . Statutes of Hawaii relating to banking, etc REPORT OF THE REGISTER OF THE TREASURY 567-586 Division of loans ". , Refunding t h e public debt at 2 per cent Redemption of t h e funded loan of 1891, 4 J per cent, continued at 2 percent. Destruction of surplus bonds , Spanish indemnity certificates. Division of notes, coupons, and currency REPORT OF THE COMMISSIONER OF INTERNAL REVENUE . 567 569 570 571 572 573 587-721 Collections for fiscal year 1901 Receipts for past ten fiscal years Schedule of articles and occupations subject to tax under internal-revenue laws of the United States in force on and after July 1, 1901: Special taxes ,. Distilled spirits, etc Fermented liquors Tobacco and s n u f f . . . ^ Cigars and cigarettes :. Oleomargarine Fil led cheese .'....... Opium Mixed flour Schedule A, as amended by act of March 2, 1901 Schedule B, as amended ^ Stamp tax not under Schedules A and B 1 Tax on legacies and distributive shares of personal property Excise taxes on persons, firms, companies, a n d corporations engaged in refining petroleum and sugar whose gross annual receipts exceed $250,000 , Circulation of, and notes paid out by, banks and bankers Playing cards ' '. Taxes not payable by stamps -... Internal-revenue receipts during last two fiscal yearsAvithdrawals for consumption during last two fiscal years Aggregate collections made and. reported to t h e Commissioner of Internal Revenue during fiscal year 1901: . By collection districts -. ^By States and Territories Receipts for first three nionths current fiscal year Estimated receipts for current fiscal y e a r . : Cost of collection Percentage of cost of collection , Miscellaneous expenses Estimated expenses for n e x t fiscal year Salaries : Scale of salaries of collectors Official force '. Storekeepers, gaugers, etc 1 Condition of t h e Service Revenue agents' division -. 556 560 588 588 588 589 . 589 589 589 589 590 590 590 590 591 591 591 592 592 592 592 593 595 595 597 597 599 599 599 599 600 600 600 601 602 603 604 CONTENTS. REPORT OF THE COMMISSIONER OF INTERNAL REVENUE—Continued. XV Page. Expenses of revenue agents 604 Expenditures for discovery and punishment of violators of law 604 Amount expended through revenue agents ." 605 Stamp division 606 Statement of number and value of internal-revenue stamps issued to collectors from July 1, 1900, to J u n e 30,1901 606 Stamps added and changed under act of Congress •. .. 606 . Redemption of stamps 607 Tobacco d i v i s i o n ^ Increased receipts 608 Comparative statement •. 609 Comparative statement (estimated from receipts) showing approximately quantity of tobacco and snuff, and number of cigars and cigarettes, respectively, withdrawn from factory and custom-house for consumption, fiscal years, 1897-1901 .* 609 Annual production of tobacco, snuff, cigars, and cigarettes 609 Tobacco and snuff produced 609 Cigars (large) 610 Cigars (small) ' .....:.... 610 Cigarettes 610 Annual production of leaf tobacco in t h e United States 611 Imports and exports of tobacco, unmanufactured, into and from the United States during last ten (calendar) years: Imports 611 Domestic exports 612 Foreign exports 612 Imports of tobacco, manufactures of, entered for consumption in t h e United States for year 1901 612 Imports of tobacco, unmanufactured, entered for consumption in the United States for year 1901 613 Three months' statement: Receipts from tobacco for first three months of fiscal year 1902 613 Rebate of taxes on tobacco products . .^ 613 Tobacco products manufactured cluring calendar year 1900 (not including cigars and cigarettes) 615 Production of manufactured tobacco, snuff, cigars, and cigarettes during jDast ten calendar years . 615 Tobacco and snuff manufactured 615 Cigars and cigarettes manufactured 615 Quantity of leaf tobacco used by manufacturers during past ten years. 616 Summary— Statement of operations of manufacturers of tobacco and cigars during calendar year 1900 617 Quantity of tobacco and snuff manufactured 617 Cigars and cigarettes manufactured ..-. 617 Cigar factories. •. 617 Leaf tobacco 617 Opium 618 Statement, by districts, of number of cigar factories operated, quantity of tobacco used, and number of cigars made during calendar year 1900.... 619 Cigars: Number, by States and Territories, of cigar factories operated, quantity of tobacco used, and number of cigars made during calendar year 19QQ , . , „ , '. 621 XVI CONTENTS. REPORT OF THE COMMISSIONER OF INTERNAL REVENUE—Continued: Page. Tobacco Division—Continued. Cigarettes: Number, by districts, of cigarette factories operated, quantity of tobacco used, and number of cigarettes made during calendar year 1900 622 Tobacco, material account: Detailed statement of number of tobacco factories in each district and State, and aggregate quantity of leaf tobacco and other materials used during calendar year 1900 . . . 623 Summary statement of number of tobacco factories in each State, and . aggregate quantity of leaf tobacco and other materials used during calendar year 1900 626 Detailed statement of aggregate quantities of the different kinds of manufactured tobacco in each district and State, during calendar year 1900, etc 628 Division of Law— Suits and prosecutions 632 Recoveries of judgments, costs taxed, etc 632 Detailed abstract of reports of United States district attorneys of suits and prosecutions under internal-revenue laws during fiscal year 1901. 633 Offers in compromise 638 Recapitulation> 638 Seizures for violation of the internal-revenue laws .. 638 Abstract of seizures or property for violation of internal-revenue laws for fiscal year 1901 639 Abatement claims " : 639 Refunding claims 639 Moneys paid to collectors r . 640 Amounts paid to collectors during fiscal year 640 Sales under section 3460, Revised Statutes 641 Actual number of special-tax payers— Statement of, by collection districts 642 Statement of, by States and Territories 646 Decisions in t h e United States Supreme Court— Stamp tax on export bills of lading 648 Stock transactions known as * * calls'' taxable 648 Decisions in United States circuit and district courts and in United States circuit court of appeals— Stamp tax on stock transactions 648 Legacy-tax cases—testator dying prior to the act 649 Bonds of notaries public and other State officers exempt from tax . . 649 Taxes on the business of sugar refining 650 Stamp tax on plasters 650 Fermented liquors 650 Special tax—wholesale liquor dealer 651 Ten per cent tax on bank-note circulation ....1 652 Other cases now pending in the Supreme C o u r t Additional tax on tobacco in the hands of dealers 652 Stamp tax on dramshop bonds given by saloonkeepers under State .laws 652 Legacy test when decedent is a nonresident 653 Amendments to law recommended— Tax_on.undivided profits of banks ^... -. : 654 • . Sugar refiners :.... 654 Storekeepers and gaugers -. 654 Compensation of revenue a g e n t s . . . . . . . ^......._-.... - - - . . . . , . . - - - -. 655 CONTENTS. REPORT OF THE COMMISSIONER OF INTERNAL REVENUE—Continued, Division of distilled spirits— Distilleries registered and operated Fruit distilleries registered and operated, number of, during fiscal year 1901, by collection districts • Number and capacity of grain and molasses distilleries in operation at beginning of each month during fiscal year 1901, and first three months of present fiscal year Number and capacity of grain and molasses distilleries in operation September 1, 1880-1901, inclusive Number and capacity of grain distilleries registered and operated during fiscal year 1901: By collection districts. By States and Territories Comparative statement of distilleries registered and operated during fiscal years 1900 and 1901 Total grain distilleries registered and operated during fiscal years 1900 and 1901 Grain distilleries of small capacity and of large capacity registered and operated during fiscal years 1900 and 1901 Molasses distilleries , Fruit distilleries Total distilleries registered and operated Materials used for the production of distilled spirits: By collection districts 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 1901: By collection districts . By States and Territories Number of gallons of spirits rectified in the United States during year 1901: By collection districts By States and Territories '. Spirits gauged in 1900: By collection districts By States and Territories Spirits gauged in 1901: By collection districts By States and Territories Production of fermented liquors in the United States for fiscal year 1901: By collection districts By States and Territories Division of assessments— 1. By States and Territories, 1901 •. 2. By articles and occupations, 1900 and 1901 Statement as to stamp taxes assessed 1 Quantity of different kinds of spirits in distillery warehouses July 1, 1900 Quantity of different kinds of spirits produced during fiscal year 1901. Increased production of spirits Distilled spirits deposited in distillery warehouses during the past twenty-four years FI 1 9 0 1 11 XVII Page. 656 657 658 658 659 661 662 662 662 662 663 663 664 666 ^667 668 669 670 670 671 674 676 678 680 680 681 682 683 684 686 688 689 XVIII ^ CONTENTS. REPORT OF THE COMMISSIONER OP INTERNAL REVENUE—Continued. Page- Division of assessments—Continued. Quantity of different kinds of tax-paid spirits withdrawn from warehouses during the fiscal year 1901 690 Increased withdrawals of tax-paid spirits 692 Spirits upon which tax was paid during the fiscal year 1901 692 Distilled spirits allowed for loss by leakage or evaporation in distillery warehouses 693 Exportation of distilled spirits, by districts, withdrawn from distillery warehouses in 1901 694 Exportation of distilled spirits, by foreign countries and by kinds, from distillery warehouses during the year 1901 695 Decrease in the exportation of distilled spirits 695 Spirits removed in bond for e x p o r t . . • 696 Statement, by districts and kinds, of the quantity of spirits withdrawn from distillery warehouses for scientific purposes, etc., during the fiscal year 1901 697 Increased withdrawal of spirits for scientific purposes and for use of the United States 697 Distilled spirits withdrawn for transfer to manufacturing warehouses, fiscal year 1901 ' 698 Spirits lost by fire in warehouses for the last twenty-nine years 699 Quantity of different kinds of spirits produced, withdrawn, and remaining in distillery warehouses for fiscal year 1901 700 Quantity of each kind of spirits as known to the trade withdrawn, upon payment of tax, from general bonded warehouses during fiscal year 1901 701 ^ Quantity of (Jistilled spirits of different kinds as known .to the trade produced, withdrawn, and remaining in general bonded warehouses during fiscal year 1901 701 Stock on hand, production, and movement of spirits for six years 702 Summary of operations at distillery and general bonded warehouses during fiscal year 1901 703 Quantity of different kinds of brandy Avithdrawn from special bonded warehouses during fiscal year, tax paid 704 Summary of operations at special bonded warehouses during the fiscal year 1901 704 Statement of removals in bond from brandy distilleries for deposit in special bonded warehouses during the fiscal year 1901 705 Quantity of different kinds of brandy produced, withdrawn, and remaining in special bonded warehouses during the fiscal year 1901.. 705 Fortification of wines with grape brandy, free of tax..' 706 Grape brandy used 1 707 Export of manufactured tobacco and snuff in bond 707 Exportation of cigars and cigarettes in bond '. 708 Number removed for export during fiscal years 1882 to 1901 709 Exportation, of playing cards in bond during the fiscal year 1901 709 Exportation of proprietary articles 710 Fermented liquors removed from breweries in bond for export during the year 1901, by districts 710 Statement of fermented liquors removed from breweries in bond, free of tax, from July 1,1900, to June 30,1901, under act of June 18,1890. 711 Drawback of internal-revenue taxes allowed on exported merchandise during the fiscal year 1901 ^ 711 CONTENTS. REPORT OF THE COMMISSIONER OF INTERNAL REVENUE—Continued. Division of assessments—Continued. Recapitulation of drawback of internal-revenue taxes allowed during the fiscal years 1863 to 1901, inclusive Oleomargarine Summary of operations at oleomargarine manufactories during the fiscal year 1901 Operations in oleomargarine during the last two fiscal years . " • Receipts under the oleomargarine law during the fiscal year 1901 Filled cheese • Statement, by districts, showing number of establishments for which special tax was paid to carry on the business of manufacturing and dealing in filled cheese during fiscal year 1901 Receipts under filled-cheese law during fiscal year 1901 Mixed fl our :... V Statement, by States and Territories, showing number of establishments for which special tax was paid to carry on, during fiscal year 1901, business of manufacturing, packing, and repacking mixed flour., Receipts under mixed-flour law during fiscal year 1901 Division of Chemistry XIX Page. 712 713 713 713 715 716 717 717 718 719 720 721 ANNUAL KEPORT ON THE FINANCES. TREASURY DEPARTMENT, WasMngton, D. C , December 2, 1901, SIR : T have the honor to submit the following report: RECEIPTS AND EXPENDITURES. Fiscal year 1901. The revenues of the Governnient from all sources (by warrants) for the fiscal year ended June 30, 1901, were: From internal revenue...7 1307,180,663.77 From customs 238,585,455.99 From profits on coinage, bullion deposits, etc 12,731,256.94 From revenues of the District of Columbia.... -3,986,176.19 From fees—consular, letters patent, and land..: 3,414, 933. 49 From sales of public lands 2,965,119. 65 From navy pension, navy hospital, clothing, and deposit funds......... 1, 778, 454. 91 From tax on national banks .^. 1, 681,473.05 From sales of Indian lands 1,493,321.24 From paymentof interestby Pacific railways 1,316,516.62 From miscellaneous .: 841, 216. 03 Frora customs fees, fines, penalties, etc... 711,791.43 Frora sales of ordnance material 703,054.42 Frora immigrant fund 585,082.70 Frora trust funds, Departmentof State 537,621.58 From Soldiers' Horae permanent fund , 492, 623. 66 Frora sales of Governraent property 450, 698. 49 From deposits for surveying public lands 247, 258. 90 Frora sales of lands and buildings 236,897.53 Frora tax on seal skins, and rent of seal islands 232,655.75 Frora prize raoney to captors, Spanish war 217,490. 60 Frora prize raoney to navy pension fund, Spanish war 217,477. 76 Frora proceeds of Arkansas bonds redeeraed 85,000.00 Frora depredations on public lands 75, 977. 70 Frora license fees, Territory of Alaska 84, 087. 90 Frora part payraent Central Pacific Raihoad indebtedness •*, 576, 247.10 Frora sale of claim of United States against Sioux City and Pacific Railroad Corapany...... •. 2,122,841.24 Frora dividend received for account of Kansas Pacific Railway 133, 942. 89 Frora Postal Service 111,631,193.39 Total receipts 699,316,530.92 The expenditures for the same period were : For the civil establishment, including foreign intercourse, public buildings, collecting the reveiiues, District of Colurabia, and other raiscellaneous expenses • 1117,327,240.89 For the.military establishraent, including rivers and harbors, forts, arsenals, seacoast defenses, and expenses of the war with Spain and in the Philippines 144,615,697.20 FI 1901 1 1 2 REPORT ON THE FINANCES. For the naval establishment, including construction of new vessels, machinery, arraaraent, equipment, iraprovement at navy-yards, and expienses of the war with Spain and in the Philippines For Indian Service ;.... For pensions r. : For interest on the public debt For deficiency in postal revenues For Postal Service Total expenditures ,....,.,,.... |60, 506, 978. 47 10,896,073.35 139,323,621.99 32,342,979.04 4, 954, 762. 21 111,631,193.39 621,598,546.54 Showing a surplus of 77,717,984.38 In addition to the revenues collected during the year and the amounts received on the indebtedness of Pacific railroads, the cash in the Treasury was increased $1,550 b y t h e issue of 4 per cent bonds in liquidation of interest accrued on ref unding certificates converted during the year. The securities redeemed on account of the sinking fund were as follows: Fractional cmrency One-yearnotesof 1863 Two-year notes of 1863 ' Compound-interest notes ..;..... ;. Loan of July and August, 1861, called Loan of July and August, 1861, continued Loanof 1863, called '. Seven-thirties of 1864-1865 Funded loan of 1891, called Funded loan of 1891, continued at 2 per cent.. Bonds piu'chased— F u n d e d l o a n o f 1907 Loanof 1904 Loan of 1908-1918..... :.; , : $2,578.78 100.00 100.00 550. 00 14, 000.00 500.00 . 3,000.00 100.00 " 5,850.00 21,705, 250. 00 $12,983,700.00 1,084,300.00 291, 520. 00 — 14, 359, 520. 00 Premium on bonds pm-chased— • Funded loan of 1907 Loanof 1904 : Loan of 1908-^1918 1,724,471.33 91,816.68 24,832.76 1,841,120.77 Premium on bonds exchanged— Funded loan of 1907 Loanof 1904 ; ^ Loanof 1908-1918 9,137, 315.17 2,-136,085.09 1,535,051.92 : — National-bank notes redeeraed in excess of deposits Total......... , , 12, 808, 452.18 5, 743, 569. 00 56,484,690.73 SECRETARY OF THE TREASURY. 6 • C o m p a r e d w i t h t h e fiiscal y e a r 1900, t h e r e c e i p t s for 1901 i n c r e a s e d $29,721,099.74, as follows: INCREASE IN RECEIPTS FOR Source. 1900. 1901. 1901. Increase. Decrease. $295,327,926.76 $307,180,663.77 $11,852,737.01 I n t e r n a l revenue 233,164,87L16 238,585,455.99 5,420,584.83 Customs 2,738,882.85 12,731,256.94 9,992,374.09 Profits on coinag:e, biillion deposits, etc. Tax on seal skins, and rent of seaF 6,979.28 232,655.75 225,676.47 islands 108,657.75 1,493,321.24 1,384,663.49 Sales of Indian lands 450,698.49 779,522.78 Sales of Government p r o p e r t y $328,824.29 2,965,119.65 128,236.67 2,836,882.98 Sales of public lands 3,986,176.19 4,008,722.77 District of Columbia 22,546.58 N a v y pension, n a v y hospital, clothing, 156,896.39 1,621,558.52 1,778,454.91 and deposit funds 3,414,933.49 123,216.81 3,291,716.68 Fees—consular, l e t t e r s patent, and land 76, 307.58 Depredations on public lands 75, 977.70 36,084.48 Customs fees, fines, penalties, etc 675, 706.95 711, 791.43 47,677.89 537, 404.81 585;082.70 I m m i g r a n t fund 247,258.90 273, 247.19 Deposits for surveying public lands . .. 25,! ;.29 516.62 466.43 143,050.19 1,316, 1,173, P a y m e n t of interest by Pacific raihvays 236,897.53 3,842,737.68 3,605,840.15 Sales of l a n d s and buildings 1,681 473.05 317,080.95 1,998, 554.00 Tax on national banks 492 623.66 244,697.04 247, 926.62 Soldiers' Home p e r m a n e n t fund 968.36 157.27 343,811.09 434; Prize money 91, 274,677.60 1,547, 925.51 Miscellaneous ; 1,273,247.91 445,788.86 703; 054.42 Sales of ordnance material 257, 265.56 F r o m sale of claim of United States against Sioux City and Pacific Rail2,122,841.24 road Company 2,122, .841.24 Dividend paid b y receivers of Union Pacific Railroad for account of Kan133,942.89 821,897.70 sas Pacific 687,954.81 P a r t payment Central Pacific Railroad 4,576,247.10 1,238,230.61 3,338,016.49 indebtedness 102,354,579.29 111, c m , 193.39 9,276,614.10 Postal Service Total. ',595,431.18 699,316,530.92 34,709,664. ( Net i n c r e a s e . . . 4,988,564.95 29,721,099.74 T h e r e w a s a n i n c r e a s e of $22,253,561.44 in e x p e n d i t u r e s , as follows: INCREASE IN EXPENDITURES FOR Object. 1900. 1901. 1901. Increase. Decrease. CIVIL ESTABLISHMENT. LegislativeSalaries and expenses Executive p r o p e r Salaries and expenses D e p a r t m e n t of S t a t e Salaries and expenses Foreign intercourse T r e a t y obligations between United States and Spain in 1900 Treasury D e p a r t m e n t Salaries and expenses .... Independent Treasury Mints and assay oflfices Territorial governments Salaries, etc., internal r e v e n u e . . . . Miscellaneous, internal revenue Collecting custonis revenue Refunding excess of deposits, cus• toms Debentures or drawbacks, customs Miscellaneous itenis, customs Revenue-Cutter Service Regulating immigration Chinese-exclusion acts New revenue vessels Alien contract-labor laws Marine-Hospital Service $9,972,216.93 $11,211,514.80 $1,239,297.87 207,824.95 213,310.64 5,485.69 141,371.22 3,214,802.65 156,015.39 3,217,900.35 14,644.17 3,097.70 100,000.00 100,000.00 3,277,786.67 682,811.85 1,479,648.25 89,923.95 4,330,135.57 661,541.84 7,467,692.48 3,395,011.92 117,225.25 686,610.52 3,798.67 1,906,475.17 426,826.92 224,241.84 134,317.89 4,278,479.65 1,711,803.^07 i, 650,261.23 7,713,418.82 245,726.34 4,688,122.97 5,699,415.88 239,108.13 1,229,337.57 290,006.00 128,265.73 86,004.77 90,047.81 982,495.77 7,718,057.34 3,029,934.37 5,257,980.91 209,171.23 1,256,550.61 27,213.04 333,195.34 43,189.34 158,928.84 30,663.11 199,511.39 113,506.62 140,078.35 50,030.44 1,240,192.37 257,696.60 $51,655.92 441,434.97 29 936.91 REPORT ON T H E FINANCES. INCREASE I N EXPENDITURES FOR 1901—Continued. Object. 1900. T r e a s u r y Department—Contmued. $1,579,127.73 Life-Saving Service T li gli t.-TTon a<^ Establishment 3,556,840.70 528,156.05 Coast a n d G-eodetic Survey Steamboat-Inspection Service 316,140.85 1,807,169.59 Engraving a n a printing. 6,346,657.85 Piihlic buildings 874,811.30 Fuel, etc., public buildings 976,267.97 Custodians a n d j a n i t o r s F u r n i t u r e for public buildings 208,583.65 Heating apparatus,public buildings 127,764.10 Vaults, safes, etc., public buildings.. 47,672.95 58,443.22 Fish hatcheries Salaries a n d expenses, Fish Commission 461,866.68 222,617.53 National Museum Zoological P a r k 63,000.65 141,888.68 Smithsonian Institution : Redemption and recoinage of 2,205,112.58 P o r t o Rican coins 242,914.07 I n t e r s t a t e Commerce Commission.. 77,101.02 F r e n c h spoliation claims •. Claims u n d e r Bowman a n d Tucker acts 171,799.45 313,009.96 Epidemic diseases Buffalo Exposition, Niagara fron71,279.03 tier 10,160.25 Expenses, loan of March 14,1900 Refunding customs revenue collected from P o r t o Rico P a y m e n t of debt of Hawaii • F o r credit Central Pacific Railroad indebtedness Credits in settlement of indebtedness ,of Sioux City a n d Pacific • Railroad Company 899,696.20 Miscellaneous items War Departments2,875,560.89 Salaries a n d expenses Nav y Departmeni>— 425,234.66 Salaries a n d expenses Interior D e p a r t m e n t Salaries a n d expenses 4,767,172.82 Public L a n d s Service 2,613,664.22 Colleges for agriculture 1,200,000.00 Twelrth census 938,547.90 Liquidation of deposits in Hawaiian Postal Savings Bank Reconstructing rooms of old Lib r a r y of Congress Miscellaneous items 646,286.50 Post-Office D e p a r t m e n t Salaries a n d expenses 928,557.99 Deficiency in postal revenues 7,230,778.79 Mail t r a n s p o r t a t i o n , Pacific railways 598,976.18 D e p a r t m e n t of Agriculture— 2,636,074.12 Salaries a n d expenses W e a t h e r Bureau 989,776.42 D e p a r t m e n t of L a b o r Salaries a n d expenses. 173,009.74 D e p a r t m e n t of Justice— •436,733.03 Salaries and expenses Salaries of justices, assistant attorneys, etc : 1,079,336.73 Salaries, fees, and expenses of marshals • 1,109,313.27 Fees of witnesses 861,793.76 Salaries a n d fees of district attorneys 421,153.83 Fees of j u r o r s 579,000.83 Fees of clerks * 251,859.05 Fees of commissioners 145,636.35 , Support of prisoners 699,303.58 P a y of bailiffs 137,181.88 Judgments, United States c o u r t s . . . 5,009.76 648,003.24 Miscellaneous items District of C o l u m b i a Salaries a n d expenses 7,108,581.57 Deduct r e p a y m e n t s in excess of expenditures Total Civil Establishment 105,773,190.16 1901. Increase. $1,650,907.17 $71,779.44 3,638,898.53 82,057.83 753,298.04 225,141.99 354,929.90 38,789.05 2,058,598.21 251,428.62 6,781,368.78 434,710.93 ^ 869,316.72 1,033,552.14 "••57,'284'.i7" 287,155.30 78,571.65 178,576.68 50,812.58 56,543.78 8,870.83 43,660.81 473,236.85 240,096.46 75,388.63 141,176.87 257,548.50 29,006.68 $5,494.58 14,782.41 11,370.17 17,478.93 12,387.98711 81 14,634.43 2,205,112.58 48,094.34 14,068.87 173,872.41 343,692.92 51,199.58 Decrease. 157,730.58 139 137 ,55 272,413.89 41,039.33 506,011.90 506,011.90 2,488,07L88 2,488,071.88 1,496,090.41 1,496,090.41 250,841.24 632,947.08 250,841.24 2^878,223.83 2,662.94 478,325.56 53,090.90 4,728,737.91 3,171,031.35 1,200,000.00 7,809,948.00 557,367.13 6,871,400.10 757,024.67 757,024.67 288,021.93 785,020.23 288,021.93 138,733.73 986,574.57 4,954,762.21 58,016.58 606,534.08 7,557.90 2,900,653.45 1,063,244.00 264,579.33 73,467.58 266 749 12 38,434.91 2,276,016.58 169,921.35 3,088.39 435,608.17 1,124.86 1,090,048.60 10,711.87 1,116,465.33 774,958.88 430,357.87 610,528.11 228,757.69 125,871.20 . 688,533.58 146,691.20 29,937,24 1,051,857.01 7,152.06 9,509.32 • 24,927.48 403,853.77 8,748,323.04 1,639,741.47 86 834 88 9,204.04 31,527.28 23 i m .36 124,464,465.84 24,511,252.58 2,182,462.74 2,182,462.74 122,282,003.10 i22,328,789.84 19,765.15 10,770.00 5,819,976.90 SECRETARY OF T H E TREASURY. INCREASE IN EXPENDITURES FOR 1901—Continued. Object. 1901. 1900. Increase. • Decrease. MILITARY ESTABLISHMENT. National defense Emergency fund -..: Refunding customs revenue collected from P o r t o Rico P a y Department..'. E x t r a pay, w a r with Spain Subsistence D e p a r t m e n t Quartermaster's Department Medical D e p a r t m e n t Ordnance D e p a r t m e n t Engineer's D e p a r t m e n t Signal Service Military telegraph a n d cable lines Military Academy Improving harbors I m p r o v i n g rivers Bringing home remains of officers, soldiers, and others Military posts National Home for Disabled Soldiers. State homes for disabled soldiers S u p p o r t of Soldiers' Home Soldiers' Home p e r m a n e n t fund Soldiers' Home i n t e r e s t account Reimbursing States a n d Territories, expenses of raising troops, Spanish war. Miscellaneous items Total Military Establishment $1,269, .546.58 1,040,383.70 545, 000.00 31,951,556.59 940,321.37 10,407,631.76 48,234, 609.92 2,837,594.09 10,790,926.13 555,933.09 225, 582.92 60, 000.00 199,902.66 5,975. 169.31 12,743,695.51 $369,313.58 . 679,800.62 $900,233.00 360,583.08 372, 090.34 38,243,279.21 $6,291,722. ( 249,324.61 12,764,977.27 2,357,345.51 48,222,948.50 2,553,168.24 840,989.57 11,631,915.70 285,161.66 841,094.75 221,116.01 446,698.93 63,050.00 123,050.00 198,989.01 398, 891.67 806,272.63 6,781,441.94 19,336.26 12,763,031.77 690,996.76 11,66L42 284,425.85 90,687.77 110,680.08 804,972.73 2,849,631.39 868,709.13 . 247,926.62 31.7,000.00 77,977.62 201,367.85 6^1:8,919.77 3,276,708.85 1,133,380.59 492,610.71 248,000.00 78,032.77 427,077.46 264,671.46 244,684.09 1,131,881.04 588,135.64 964,186.77 919,760.88 331,625.34 134,774,767.78 172,909.66 156,052.96 69,000.00 55.15 167,694.27 144,615,697.20 12,443,784.54 2,601,855.12 NAVAL ESTABLISHMENT. National defense Emergency fund Increase of t h e N a v y Bureau of Y a r d s a n d Docks Bureau of E q u i p m e n t Bureau of Navigation Bureau of Construction and Repair. Bureau of Ordnance Bureau of- Steam Engineering Bureau of Supplies a n d A c c o u n t s . . . B u r e a u of Medicine and S u r g e r y — Marine Corps Naval Academy P a y of t h e Navy. Miscellaneous items 1,045,064.40 812. 406.39 14,398! 254.94 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 1,798, 871.61 400, 692.31 11,863,099.11 1,632,768.78 61,150,010.60 Deduct r e p a y m e n t s in excess of expenditures Total Naval Establishment. Indian Service Pensions I n t e r e s t on t h e public debt.. Grand t o t a l . . 203, 895. 555, 395. 15,202, 578. 5,294, 178. 4,060, 522. 473, 590. 7,810, 405. 3,097, 203. 3,542, 627. 3,573, 119. 403, 893. 2,318, 064. 725. 728. 13,347; 545. 541, 841,168.66 257,010.67 804,323.59 817, 419.77 731,198.53 54, 973.27 2,029,159.68 562,000.55 1,011,077.31 54, 698.35 117, 094.36 519,192.57 325,035.72 1,484,446.25 1,091,506.64- 7,948,619.40 643,032.13 643,032.13 55,953,077.72 60,506,978.47 7,305,587.27 10,175,106.76 140,877,316.02 40,160,333.27 10,896,073.35 139,323,621.99 32,342,979.04 720,966.59 487,713,791.71 509,967,353.15 42,798,128.24 2,751,686.52 1,553,694.03. 7,817,354.23 20,544,566.80 22,253,561.44 Net increase. Fiscal year 1902. ' The revenues of the Government for the current fiscal year are thus estimated upon the basis of existing laws: From From From Fi'om customs...... internal revenue miscellaneous sources Postal Service Total estimated revenues 1250,000,000.00 282,000,000.00 40,000,000.00 116,633,042.00 688,633,042.00 6 REPORT ON THE FINANCES. The expenditures for tli^e same period are estimated as follows: For the civil estahlishment For the military estahlishment For the naval estahlishment For the Indian Service Forpensions For interest on the puhlic deht For Postal Service 1110,000,000.00 115,000,000.00 70,000,000.00 11,000,000.00 137,000,000.00 29,000,000.00 116,633,042.00 -. Total estimated expenditm-es 588,633,042.00 Or a surplus of 100,000,000.00 Fiscal year 1903. It is estimated that upon the basis of existing laws the revenues of the Government for the fiscal year 1903 will be: From From From From customs internal revenue miscellaneous sources Postal Service • 1250,000,000.00 290,000,000.00 40,000,000.00 132,020,630.00 Total estimated revenues 712,020,630.00 The estimates of appropriations required for the same period, as submitted by the several Executive Departments and offices, are as follows: Legislative estahlishment Executive estahlishment— Executive proper State Department Treasury Department War Department Navy Department Interior Department Post-OfficeDepartment Department of Agriculture Department of Justice Department of Lahor Judicial estahlishment Foreign intercourse Militaiy establishment Naval estahlishment Indian affairs -Pensions .„ Puhlic works— Legislative Treasury Department War Department Navy Depai'tment Interior Department Department of Justice Miscellaneous— Legislative Treasury Department War Department Interior Department Department of Justice District of Columhia 14,859,636.90 |294,160.00 187,750.00 10,174,581.00 2,211,758.26 535,138.00 4,963,869.00 1,154,020.00 5,509,540.00 236,410.00 190,580.00 ?. 5,500.00 8,726,876.73 49,914,383.40 25,708,005.00 507,100.00 203,000.00 • ; 5,322,962.10 16,078,732.00 6,098,523.15 5,027,815.00 5,670,900.00 7,826,016.00 Postal Service, including $2,710,946.00 deficiency in postal revenues.. 25,457,806.26 726,520.00 2,038,578.76 99,849,436.45 73,202,979.63 7,124,271.09 139,846,480.00 - = 85,064,865.13 . 46,024,948.25 134,731,576.00 SECRETARY OF THE TREASURY. Permanent annual appropriations— Interest on the public deht Refunding—customs, internalrevenue, etc... Collecting revenue from customs. Miscellaneous $27,500,000.00 8,805,000.00 5,500,000.00 28,116,220.00 169,921,220.00 Total estimated appropriations, exclusive of sinking fund...'... Or an estimated surplus of 688,848,318.47 23,172,311.53 OPERATIONS OF THE TREASURY. The reserve fund and the trust fund have been maintained. The redemptions of United States notes have been each day adjusted by exchange for gold, so that the full sum of $150,000,000 has been keptunchanged in coin and bullion. Upon the withdrawal of Treasury notes as the bullion of 1890 was coined into standard dollars,, silver certificates under the act of March 14,1900, were substituted to the extent of $10,743,000 to July 1, 1900, and $28,244,000 additional to July 1, 1901. By NTovember 1, 1901, the total exchange reached $45,336,000. The gold certificates upon deposit of the metal were increased during the fiscal year by $45,160,270, a n d i n the first quarter of 1902 by $31,801,430 additional. The gross gold in the Treasury, including the reserve and the trust fund against certificates, received an addition of $71,270,325.74 during the fiscalyear, and a further addition of $34,304,225.50 by October 1, while $13,697,327 more in October brought the aggregate by November 1 to $542,831,849. This sum in gold was iiev.er before equaled in our annals, and only for a few months some years ago has any other government ever held so much of that precious metal. In the bonds held by the Treasurer for the circulation of national banks, an increase is shown for the fiscal year of $41,741,190, and for the first quarter of 1902 of the further amount of $4,573,950. As security for public deposits, the bonds held amounted to $1,488,130 less at the close of the fiscal year than at its beginning, and an addition of $2,444,300 took place in the first quarter of 1902. While the circulation per capita was $26.50 on July 1, 1900, and $28.52 on October 1, 1901, gold certificates more and more entered into the field of large denominations, and were used almost exclusively in the payment of customs duties and in the settlements at the clearing house in New York. The United States notes are undergoing a change into the denomination of $10, as larger ones are redeemed, while the silver certificates are taking the place of $1, $2, and $5 notes. Two features are marked in the currency—first, the growing use of gold, and, second, the constant addition to the small denomi- 5 REPORT ON T H E F I N A N C E S . nations of paper. The gold, including certificates, in circulation, which was 33.8 per cent of the total circulation on July 1, 1897, was 39.5 per cent on July 1, 1900, 40.2 per cent on July 1, 1901, and 40.8 per cent on October 1, 1901. The average denomination of notes and certificates issued by the Treasury, which was $6.34 in the fiscal year 1900, fell to $4.46 in 1901. The number of pieces of government paper issued rose from 78,132,176, representing $495,545,000, in 1900, to 91,291,031, of which the face value was $407,102,000, in 1901. In the first quarter of 1901, 21,443,469 pieces issued, representing $100,834,000, while in the like period of 1902 the issues were 26,603,799, of the face value of $110,460,000, and the average worth was $4,152. The redemptions in 1900 were 67,550,735 pieces, of the average valueof $4.84 each, aggregating $327,257,424, and in 1901, 81,394,555 pieces, averaging $4.41 in value, and amounting to $358,891,490. In the first quarter of 1901 the pieces were 18,507,709, of the average value of $4.85 and the aggregate of $89,864,500, while in the first quarter of 1902 the pieces were 19,639,514, of the average value of $4.80 and the total of $94,192,600. The redemptions of national-bank notes show an increase of $50,503,570 during the fiscal year, while the average amount of such notes outstanding increased $79,590,511. The total amount redeemed was greater than in any other year since 1879 save one. The rate of expense for each $1,000 in notes assorted was 99.56 cents, of which 37.81 cents Avas for transportation. The rate has never been so low bfefore, as the lowest previous figure was $1.07 in 1897, and the highest $2.69 in 1881. The notes are paid for, if by check, on the day on which they are received, and if by currency on the succeeding day. The shipments of standard dollars in the fiscal year reached the maximum, as usual, in the late autumn, and the amount outstanding was $76,182,326 in Deceniber. This fell to $66,588,628 in July. The increase in the year was 5.66 per cent over 1900. For three years the growth of shipments was steady, but not large in the first quarter. In the standard dollars presented at the Treasury offices for exchange in silver certificates an increase of 9 per cent appears over the preceding twelve months, and in the first quarter of 1902 16r6 per cent over the like period of 1901. In subsidiary silver the shipments in the fiscal year were 6.94 per cent greater than in 1900, and in the first quarter of 1902 6.42 per cent greater than for the like period of the preceding year. The redemptions for the year were 15.3 per cent more than in 1900, and in the first quarter of 1902 they were 12.3 more than in the same months of the preceding year. SECRETARY OF T H E TREASURY. \) The following is a statement of the condition of the United States Treasury on November 15, 1901: CASH IN THE TREASURY, I N DIVISIONS O F ISSUE AND R E D E M P T I O N . Reserve fund. Gold coin and bullion in Division of Redemption $150,000,000 Trust funds. (Held for the redemption of the notes and certificates for which they are respectively pledged.) DIVISION Ob^ REDEMPTION. ^ DIVISION OF ISSUE. Gold coin $314,365,089 Gold certificates outstanding Silver dollars 451,564,000 Silver certificates outstanding i l l v l ? b S l i S S ?f 1890-.-.-.-.'.-.-.'.-::::::: 40,750:890} t r e a s u r y notes outstanding 806,743,089 GENERAL Gold coin and bullion Gold certificates Standard silver dollars Silver certificates Silver bulhon. United States notes T r e a s u r y notes of 1890 National-bank notes Subsidiary silver coin Practional currency Minor coin ' $314,365,089 451,564,000 40,814,000 806,743,089 FUND. ^ '... In national-bank depositaries— To credit of t h e T r e a s u r e r of the United States To credit of disbursing officers $76,894,686.47 32,911,170.00 3,996,525.00 6,284,911.00 465,143.47 7,074,537.00 61,326.00 6,992,622.99 8,142,589.89 176.17 373,631.44 • $143,197,319.43 105,614,736.90 6,385,201.02 111,999,937.92 Awaiting i^eimbursement— Bonds and interest paid 4,027,737.35 Liabilities— National-bank 5 per cent fund Outstanding checks and drafts Disbursing officers' balances Post-Office D e p a r t m e n t account Miscellaneous items 116,027,675.27 259,224,994.70 : 14,177,453.99 8,631,'336.56 57,412,253.47 4,568,346.48 3,417,993.31 88,207,383.81 Available cash balance 171,017,610.89 THE MINT- SERVICE. The coinage of the mints during the fiscal year amounted to 176,999,132 pieces, ofa value of $136,340,781.58. Of this, $99,065,715 was gold, $24,298,850 was silver dollars, $10,966,648.50 was subsidiary silver, and $2,009,568.08 minor coin. There were also coined at the Philadelphia mint 225,000 gold pieces, of the value of $349,014.42, for the government of Costa Rica. The heavy coinage of small denominations, which again exceeded any previous year's output, taxed the capacity of the inints to the utmost. Relief, however, will be experienced during the present fiscal year through the greatly enlarged capacity of the Philadelphia mint. The completion of the new edifice was celebrated with appropriate ceremonies on June 13, 1901, and at this time all depart- 10 REPORT ON THE FINANCES. ments of the institution are in operation in the new quarters. The appropriation for site and building was $2,000,000, of which $305,000 was expended for ground, and the remainder upon the building. The appropriation for equipment was $440,000, of which a considerable portion is still unexpended. No pains have been spared to provide this mint with the best machinery available, and it is fully believed that in methods and machinery it will, when its equipment is complete, be a model institution of its kind. The old mint building and site, directed to be sold by the act of March 3,1891, upon the completion and occupancy of the new building, will be offered for sale at public auction December 19, 1901. An ;tipset price of $2,000,000 has been fixed, below which no offer will be considered. The property is a valuable one, located in the heart of the business sectioii of Philadelphia, and it is hoped that it will realize a price considerabl}'^ above that sum. The new mint under construction at Denver has made slow progress during the year, but the contract for interior finish will shortly be made. The appropriation for site and building was $500,000, and the site cost $60,000. An appropriation of $150,000 for equipment has been made, but no contracts thereunder have as yet been entered upon. The new mints at Philadelphia and Denver, together with the old ones at San Francisco and New Oiieans, will provide ample coinage facilities for the country for many years to come. The coinage of silver dollars during the year was wholly from the stock of bullion accumulated under the act of July 14, 1890. The stock of this bullion at the beginning of the fiscal j'-ear was 83,268,054 standard ounces and at the close of the year 52,562,922 standard ounces, but 3,982,983 standard ounces were used in subsidiary coinage, authorized by the act of March 14, 1900. The estimated stock of subsidiary coin in the country March 1, 1900, Avas $80,346,414, of which $5,308,841 was in the Treasury. The estimated stock on November 1, 1901, was $90,613,512, of which $8,464,829 was in the Treasury, which shows a net absorption by the country of $7,111,110 in twenty months. The act of March 14, 1900, limits the stock of subsidiary coin to $100,000,000, and in view of the steady demand upon the Treasury it is apparent that this limit should be raised. I t is not improbable that before another Congress shall have opportunity to act the growing needs of the country will have absorbed the entire coinage authorized. On November 1,1901, the stock of bullion acquired under the act of July 14, 1890, was 51,763,642 standard ounces. If enough of this were coined into dollar pieces to take up the Treasury notes issued for its cost, there would remain 15,539,345 standard ounces, which, converted into subsidiary coin, would give $19,321,113. It is suggested that the limit of the country's stock of subsidiary coin be raised to $120,000,000. SECRETARY OF THE TREASURY. 11 The total earnings of the Mint Service, including seigniorage on silver dollars, subsidiary silver coin, and minor coin, exceeded the expenditures by $10,410,383.49. The earnings and gains were as follows: Parting and refining charges Alloy charges , Melting, assaying, and stamping charges Seigniorage on standard silver dollarsO Seigniorage on suhsidiary silver coinQ Seigniorage on minor coinsO Profits on manufacture of proof coins and medals Gains on huilion deposits Proceeds, sale of old material Special assays, amount received for Sale of hy-products Amount received as charges for foreign coinage Amount received for manufactm-e of counting hoards, etc Total earnings and gains ;. ^213,741. 91 12,234.44 49,946.91 7, 294,497.01 3,092,056.85 1, 605,032.46 1, 317. 66 71, 381. 24 2, 092. 06 3,354.00 28,087.64 2,361. 50 517.45 12,376,621.13 The expenditures, including new equipment, were as follows: Transportation of gold coin and hullion hetween mints and assay offices.. $81,657.86 Transportation of silver hullion from Philadelphia and New York to New Orleans 64,491.95 Amount paid in salaries and wages....... 1,206,619.87 Contingent expenses (less wastage and loss on sweeps sold) 359,028.46 New machinery, Philadelphia...... 157,856.23 Wastage and loss on sale of sweeps 40,425.04 Expense of distributing minor coin 44,059.10 Loss on hullion shipped to mint • 355. 02 Loss on recoinage, minor coins : 7,045. 00 Cost of reworking Porto Rican bronze coins 4,699.11 Total expenditiue and loss 1,966,237.64 The original deposits of gold bullion at the mints and assay offices amounted to $153,101,680, an increase of $19,181,561 over the deposits of the previous year. The original deposits of silver for return in fine bars amounted to $14,486,381, coining value, an increase of $1,225,422 during the year. The estimated production of gold in the United States in the calendar year 1900 was 3,829,897 fine ounces, of the value of $79,171,000. The estimated production of silver in the United States in the same year was 57,647,000 ounces, of the approximate commercial value of $35,741,140. The estimated production of gold in the world in the calendar year 1900 was 12,457,287 fine ounces, of the value of $257,514,700. The estimated production of silver in the world in the calendar year 1900 was 178,796,796 fine ounces, of the approximate commercial value of $110,854,000. The industrial consumption of gold in the United States in the calendar year is estimated to have been $16,667,500, and in the world ^ Usually accounted for as profits in the bookkeeping of the Department, hut these items are not, in any sense commercially, profits. 12 REPORT ON THE FINANCES. approximately $75,000,000. Although the United States led the world last year in the production of gold, our imports of that metal exceeded our exports by the sum $12,866,010. The stock of gold coin in the country, including bullion in the mints, at the close of the fiscal year was estimated at $1,124,652,818, and the stock of silver coin at $610,447,025. ENGRAVING AND .PRINTING. The act of March 14, 1900, to define and fix the standard of value, has continued to have an important bearing upon the operations of the Bureau of Engraving and Printing. The restriction of the issue of silver certificates to the denominations of" $10 and under has particularly, caused an increase in the work of printing these certificates, as larger quantities of the smaller denominations were required in the business of the country. The changes in the internal-revenue taxes authorized by the act of March 2, 1901, have also resulted in increasing the delivery of internal-revenue stamps from 48,784,045 sheets in 1900 to 52,979,268 sheets in 1901, most of this increase being between the passage of the act and the day upon which the new rates of taxes took effect, July 1, 1901. There were 121,558,829 sheets of all classes of securities delivered during the fiscal year, which is the largest amount of work done by the Bureau in any one year. To meet the constantly increasing demands of the public for United States notes and silver certificates, it has been necessary to increase the daily output of the Bureau from 72,000 sheets of notes and silver certificates to 112,000; and it will be necessary to further increase it to 136,000 sheets as soon as the facilities for finishing these notes and certificates in the issue division of the Treasurer's office will permit. The increase from 72,000 to 112,000 sheets daily raised the aggregate delivery from 21,250,000, upon which appropriations for the Bureau for the fiscal year were made, to 30,456,000 sheets, and the increase to 136,000 daily will further increase this aggregate to 34,704,000. This shows an increase of 13,454,000. Each of these sheets requires two plate printings. It is the most expensive work executed by the Bureau. The business of the Department has required during the past three years such large quantities of securities and stamps from this Bureau, much of which could not have been anticipated, that its stock of unfinished work has been depleted, and in addition to the increased deliveries required by the Treasurer, as indicated above, it will be necessary to replenish this stock. To accomplish this great increase in the work, it was necessary to enlarge the force of the Bureau from 1,999 persons employed at the close of 1900 to 2,675 persons for the remainder of the fiseal SECRETARY OF THE TREASURY. 13 year. This force occupies every available square' foot of space in the building and the additions authorized by the act of June 6, 1900, and, further, it will be necessary to extend the hours of labor of a large proportion of the employees to the extent of one-fourth time, and to work a night force of about fift}^ printers and their assistants. The increase in the force, the overtime, and the night work indicated will enable the Bureau to supply the demands for all the securities and stamps required. The demand for notes and certificates has been so great and insistent on the part of the public that the Director of the Bureau has been authorized to organize his force accordingly. This will necessarily result in a deficiency in the appropriation made for the Bureau. As careful an estimate as can be made at this time indicates that this deficiency will be $617,603.97. With an appropriation of this additional amount it is expected that during the remainder of this fiscal year the demands of the public for small notes and silver certificates will be fully met, and that a reserve of such notes and certificates will be accumulated both in the Bureau of Engraving and Printing and in the office of the Treasurer of the United States, so that the notes and certificates may be thoroughly seasoned before issue. This will add greatly to the life of the note in circulation and, to a certain extent, reduce the number of redemptions. The increased requirements have been met with the greatest promptness, thus avoiding embarrassment to the country and the Department. In the execution of the large amount of work required, an increased burden has been placed upon the f emiale operative force—a very poorly paid class compared with other employees of the Government in Washington. This force is divided into three groups, now receiving annual salaries of $470, $548, and $626, respectively. Employees doing similar work in other Bureaus and Departments of the Government receive from $660 to $900 per annum. In view of this and of the fact that the present prosperitj^ throughout the country has tended to increase the prices of the necessaries of life, there has been added to the estimates for the appropriation for this Bureau for the next fiscal year a sum sufficient to increase the compensation of these employees in each grade from $470 to $500, from $548. to $600, and from $626 to $700 per annum, and it is respectfully urged that the additional appropriation requested for this purpose be made. PUBLIC MONEYS. The monetary transactions of the Government have been conducted through the Treasurer of the United States, nine subtreasury officers, and 452 national-bank depositaries. The amount of public 14 REPORT ON T H E FINANCES. moneys held by the bank depositaries on June 30, 1901, including funds to the credit of the Treasurer's general account and United States disbursing officers, was $100;010,493.95, an increase since June 30, 1900, of $1,273,687.02 in amount of holdings. On June 30, 1901, there were 237 temporary depositaries, which is about the same number as last year. Ten were designated during the year and 11 discontinued. One depositary has been established at San Juan, P . R., under the act of June 6, 1900, and the collector of customs at Honolulu has been authorized to deposit his entire receipts, including those on account of duties on imports, with the First National Bank of Hawaii at Honolulu, H. T., said bank having duly qualified to receive such receipts under the act of March 3, 1901, amending section 5153, Revised Statutes of the United States.' NATIONAL BANKS. The national currency bill became law February 25,1863, but was repealed and reenacted with material amendment on June 3, 1864. Under the provisions of the former act 488 national banking associa tions were organized and under the latter 4,971. The act of March 14, 1900, which authorized the incorporation of national banking associations with minimum capital of $25,000 in towns with population not exceeding 3,000, resulted in the organization of 429 banks of that class up to June 30, 1901, making a total of 5,888 organizations under these three acts up to the close of the year. On July 1, 1901, there were in active operation 4,178 national banking associations, with capital stock of $64.7,666,695. During the existence of the system 1,326, or about 22.5 per cent, of the associations were placed in voluntary liquidation, and 384, or 6.5 per cent, in charge of receivers. During the fiscal year 411 banks, with aggregate capital of $20,517,000, were organized; 37, with capital of $8,970,000, placed in voluntary liquidation, and 12, with capital of $1,860,000, placed in charge of receivers. Subsequent to the close of the year one of the twelve associations was placed in a solvent condition and permitted to resume. The authorized capital stock of the banks in existence on June 30,1900, was $627,503,095. In addition to the capital of banks organized during the year, old associations increased their stock to the extent of $12,921,800. The national-bank capital-stock account was reduced during the year to the extent of $13,275,200, of which $2,780,200 represented reduction of the stock of existing banks and $10,495,000 the closing of capital-stock accounts of banks in voluntary liquidation and in charge of receivers. These changes resulted ' in a net increase during the year of 362 banks and $20-, 163,600 capital stock. During the year bonds on deposit to secure circulating notes SECRETARY OF THE TREASURY. 15 increased in the sum of $41,832,190 and circulation secured by bonds in the sum of $49,775,131. Banks chartered during the year include 42, with capital of $3,010,000, which were conversions of State banks under the provisions of section 5154 of the Revised Statutes; 133, with capital of $6,405,000, organized to succeed State or private banks placed in liquidation, and 236, with capital of $11,102,000, banks of primary organization. As above shown, 411 associations were organized during the year, with aggregate capital of $20,517,000, of which 278 were with individual capital of less than $50,000, the total being $7,327,000. Banks with capital of $50,000 or over to the number of 133 were organized, their aggregate capital being $13,190,000. Geographically, the Middle States lead in number and capital of new associations, namely, 129 and $7,655,000, respectively. There were organized in the Southern States 116 banks, with capital of $5,108,000; in the Eastern States, 76 banks, with capital, of $3,664,000; in the Western States, 69 banks, with capital $2,455,000; in the Pacific States, including Hawaii, 16 banks, with capital of $1,210,000; New England States, 5 banks, with capital of $425,000. The greatest number of banks (67), with the largest amount of aggregate capital ($2,608,000), were organized in the State of Texas. Pennsylvania is second in the list, with 49 banks and capital of $2,207,000. In Iowa the capital of the 34 banks organized was $1,165,000; Ohio, 27 banks, with $2,390,000 capital; Illinois, 23 banks, with capital of $950,000; Indian Territory, 20banks, capital $600,000; Oklahoma Territory, 17 banks, capital $565,000; New York, 13 banks, capital $675,000; Kansas, 12 banks, capital $440,000; Indiana and Minnesota, 11 banks each, with capital of $785,000 and $300,000, respectively; Wisconsin, 10 banks, capital $480,000. In the other States and Territories the number of organizations ranged from 1 to 7, with the exception of Vermont, Rhode Island, Delaware, District of Columbia, Utah, Nevada, and Alaska, in which no banks were organized. The operations since the passage of the act of March 14, 1900, to October 31, 1901, resulted in the organization of 742 associations, with aggregate capital of $39,029,500, and $11,025,850 in bonds deposited thereby as security for circulation. The aggregate capital stock of the 503 associations organized with capital of less than $50,000 was $13,194,500. During the same period 239 banks were organized, with individual capital of $50,000 or more, the aggregate being 125,835,000. Under the provisions of section 5154 of the Revised Statutes, 106 associations to which were issued national-bank charters were conversions of State banks, the authorized capital being $7,890,000; 69 of the conversions being bUnks with capital less than $50,000, the aggregate being $1,870,000. The converted banks with 16 REPORT ON T H E FINANCES. individual capital of $50,000 or over numbered 37, the total capital amounting to $6,020,000. On March 14, 1900, there were in existence 3,617 national banks, with authorized capital stock of $616,308,095; bonds on deposit to secure circulation, $244,611,570; circulation secured by bonds, $216,374,795; and circulation secured by lawful money, $38,027,935. Comparing conditions on that day with the close of the fiscal year 1901, there is shown to have been a net increase in banks of 561; of capital, $31,358,600; bonds deposited to secure circulation,$81,607,660; circulation secured by bonds, $107,515,929. There was a reduction of $8,176,432 in circulation secured by lawful money on deposit on account of insolvent and liquidating banks and those reducing circulation. The net increase of outstanding circulation is therefore showii to have been $99,339,457. The provisions of the act of March 14, 1900, authorizing the issue of circulation to the par value of bonds deposited and the reduction of the semiannual duty on circulation, etc., resulted in an increase of the relative amount of circulation to capital stock from 41.3 per cent to 54.6 per cent. The results of organizations, in detail, from March 14, 1900, to October 31, 1901, are set forth in the following table: NATIONAL BANKS ORGANIZED FROM M A R C H 14, 1900, TO OCTOBER 31, 1901. Capital . -$50,000. Capital $50,000+. Total organizations. States, etc. No. Maine New Hampshire.. Massachusetts.... Rhode Island Connecticut Total New England S t a t e s . . . . Capital. 1 1 $25,000 25,000 2 50,000 4 100,000 No. Capital. No. Capital. 1 2 3 I 1 $50,000 200,000 300,000 500,000 50,000 2 3 3 1 3 $75,000 225,000 300,000 500,000 100,000 8 1,100,000 460,000 18 290,000 11 967,000 37 2 . 50,000 197,000 7 10 2,060,000 4 350,000 43 3,765,000 Total E a s t e r n States 75 1,964,000 63 6,855,000 Virginia W e s t Virginia N o r t h Car olina... South Carolina... Georgia Florida Alabama Mississippi Louisiana Texas Arkansas Kentuckv... Tennessee 230,000 9 180,000 7 175,000 7 1 25,000 4 115,000 I 30,000 5 127,500 1 25,000 2 '50,000 64 1,738,000 3 75,000 5 125,000 6 155,000 3 5 1 1 4 1 6 I 5 29 150,000 300,000 50,000 60,000 650,000 200,000 350,000 75,000 600,000 1,885,000 6 2 115 3,050,500 64 N e w York NewJersey Pennsylvania Delaware Maryland Total Southern States.; , 6 686,666 12 1,200,000 , 28 2,520,000 640,000 15 80 4,732,000 50,000 2 877,000 13 Bonds deposited. . Bank Bank capital, capital, -150,000. $50,000+. $12,000 10,000 32,500 Total. $12,500 50,000 75,000 50,000 $24,500 60,000 7.5,000 50 000 33,500 187,500 242,000 435,000 149,550 62,500 126,050 383,800 1,017,000 25,000 51,450 175,000 584,550 " 188,550 1,400,800 25,000 226,450 54,500 8,819,000 735,850 1,680,500 2,425,350 81,000 66,600 66,500 7,000 30,250 7,500 33,500 6,250 12,750 556,900 18,750 57,550 33,250 75,000 80,000 12,500 20,000 125,000 50,009 95,000 18,750 125,000 511,500 1,995,000 100,000 380,000 12 480,000 12 225,000 8 85,000 2 765,000 8 230,000 2 477,500 11 100,000 2 650,000 7 93 3,623,000 75,000 3 11 2,120,000 255,000 8 300,000 50,000 156,000 146,500 79,000 27,000 155,250 57,500 128,500 25,000 137,750 1,068,400 18,750 357,550 83,250 6,415,000 179 9,465,500 977,700 1,462,750 2,440,450 138 17 SEORETARY OF T H E TREASURY. NATIONAL BANKS ORGANIZED, ETC.—Continued. Capital -$50,000. Capital $50,000+. Total organizations. States, etc. Capital. No. Capital. Bank capital, -$50,000. $695,000 480,000 805,000 110,000 255,000 650,000 1,110,000 135,000 18 $2,900,000 9 1,050,000 900,000 10 430,000 6 800,000 8 150,000 3 650,000 11 4 1,185,000 44 27 40 10 18 29 53 9 $3,595,000 1,530,000 1,705,000 540,000 1,055,000 800,000 1,760,000 1,320,000 $232,950 164,300 316,800 28,550 71,200 237,000 420,500 61,250 161 4,240,000 69 8,065,000 No. Ohio In diana Illinois Michigan Wisconsin Minnesota Iowa Missouri 26 18 30 4 10 26 42 5 Total Middle States N o r t h Dakota South Dakota. Nebraska Kansas M ontana Wvominer Colorado New Mexico Oklahoma Indian T e r r i t o r y . Total W e s t e r n States Washington Oregon ....' California Idaho ..' Arizona Fla waii 12 10 20 17 I 2 4 2 35 31 Capital. No. 300,000 250,000 525,000 440,000 25,000 50,000 115,000 . 50,000 890,000 835,000 134 3,480,000 1 50,000 1 4 1 2 4 50,000 250,000 250,000 100,000. 300,000 4 6 250,000 350,000 230 12,305,000 Total. $645,000 - $877,950 424,300 260,000 '891,800 575,000 186,050 157,500 293,700 222,500 294,000 57,000 585,500 165,000 213,750 .152,500 1,532,550 2,234,500 111,250 78,500 172,550 157,000 6,500 12,500 30,250 16,300 335,550 239,550 3,767,050 67,500 87,500 123,750 78 500 185,050 257,000 56,500 62,500 145,250 16,300 403,050, 327,050 5,080,000 1,159,950. 495,000 1,654,950 20,000 26,750. 16,500 25,050 13,750 6,500 37,500 50,000 57,500 26,750 316,500 25,050 13,750 56,500 13 350,000 250,000 10 575,000 21 21 690,000 275,000 2 150,000 4 415,000 8 50,0,00 2 39 1,140,000 37 1,185,000 23 1,600,000 157 Bank capital, $50,000+. 12,500 . 12,500 100,000 50,000 50,000 115,000 I . 500,000 205,000 4 3 75,000 11 1,200,000 4 100,000 2 55,000 2 525,000 .360,000 12 1,800,000 26 2,160,000 108,550 387,500 496,050 503 13,194,500 239 25,835,000 742 39,029,500 4,569,100 6,456,750 11,025,850 55,000 2 75,000 3 50,000 2 100,000 4 2 • 55,000 25,000 1 ... Total P a c i f i c States Total U n i t e d States Bonds deposited. 14 SUMMARY OP NATIONAL 2 150,000 9 1,150,000 300,000 BANKS ORGANIZED FROM MARCH 14, 1900, TO OCTOBER 31, 1901. Classification. Capital less t h a n $50,000 Capital $50,000 or over.. Total. No. Capital. 503 $13,194,500 239 25,835,000 a 742 39,029,500 Bonds deposited. $11,025,850. 11,025,850 a i n c l u d i n g converted State banks, 69, with capital less t h a n $50,000, aggregate $1,870,000; 37, with capital of $50,000 or over, aggregate $6,020,000; total conversions, 106; total capital, $7,890,000. FI 1 9 0 1 - 18 . REPORT ON T H E F I N A N C E S . N U M B E R OF NATIONAL BANKS, W I T H AUTHORIZED CAPITAL STOCK, ETC., ON VARIOUS DATES. M a r . 14,1900. June30,1900: Oct. 31,1900. J u n e 30,1901. Oct. 31,1901. N u m b e r of banks Authorized capital . Bonds d e p o s i t e d . . . . . . — ; Circulation, bonds Circulation, lawful money 3;617 3,816 3,935 4,178 $616,308,095 $627,503,095 $632,502,395 1647,666,695 244,611,570 284,387,040 301,123,580 326,219,230 216,374,795 274,115,552 298,829,064 323,890,724 38,0:^7,935 35,525,552 32,864,348 29,851,503 4,279 $663,224,195 329,833,930 328,198,614 31,713,069 The following statement indicates the changes which have been made in the amount and class of bonds oil deposit to secure nationalbank circulation on March 14 and June 30, 1900, and June 30, 1901: Amount. ' • .Class. ; Two p e r cent loan of 1891. Two per cent loan of 1930. Three p e r cent loan of 1898. F o u r per cent loan of 1907...•. F o u r p e r cent loan of 1925 Five p e r cent loan of 1894 Mar.ch 14,1900. . J u n e 30,1900. $20,490,150 56,437,720 130,171,500 14,521,350 22,990,850 ;. Total 244,611,570 ' J u n e 30,1901. $11,009,400 2:^7,843,950 10,099,640 16,350,700 7,762,850 1,320,500 $75,000 312,848,650 3,885,580 6,144,500 2,996,600 268,900 284,387,040 326,219,230 The effect of the provision of the act of March 14, 1900, limiting the amount of national-bank notes of the. denomination of $5 to onethird of the issues of each association, and changes in amounts of iiotes outstanding of each denomination on the dates indicated, are shown in the following table: Amount. Denomination. March 14, 1900. • Ones i........... Twos... ./ : Fives — ,..— Tens .-: Twenties Fifties One hundreds ^ *......... i Five h u n d r e d s One thousands .' ;......... N o n p r e s e n t e d fractions. Total • • • • J u n e 30,1900. J u n e 30,1901. ^ $348,275 167,466 79,292,685. . 79,493,080 58,850,060 11,851,750 24,233,900 106,000 27,000 32,513 254,402,729 $347,945 167,244 74,539,555 108,727,430 78,552,820 15,522,050 31,618,000 ' ' 105,500 27,000 32,899 $347,101 166,782 61,568,685 139,793,620 101,212,700 16,568,400 33,924,400 101,500 25,000 33,998 309,640,443 353,742,186 Circulation outstanding includes both amounts secured by bonds and lawful money, the latter having been dep.osited with the Treasurer of the United States on account of failed and liquidating associations and those reducing their issues. Under the law, national banks are required to make not less than five reports each year to the Comptroller of the Currency, in which are set forth in detail their resources and liabilities. These reports SECRETARY OF THE TREASURY. 19 are made at nearly equidistant periods, the dates of reports during t h e y e a r being September 5 and December 13, 1900, February 5, April 24, and July 15, 1901. On June 29,1900, there were in active operation, as shown by reports of condition filed, 3,732 banks, with paid-in capital stock of $621,536,461.45; surplus and undivided profits, $256,249,448.51 and $135,298,386.62, respectively. The outstanding note circulation w^as $265,303,018, the individiiar deposits $2,458,092,757.67, and the aggregate resources $4,944,165,623.87. The loans and discounts of the banks amounted to $2,623,512,200.73; bonds on deposit to secure circulation and public deposits, $282,424,040 and $107,348,780, respectively. The specie held in bank amounted to $356,013,709.08 and legal-tender notes, including United States certificates of deposit for legal tenders, $146,950,522. At the date of each report a inaterial increase was shown in the resources of the reporting banks. On July 15, 1901, the number of banks had increased to 4,16'5,. or 433 during the year. Paid-in capital stock amounted on July 15 to $645f719,099, an increase of $24,182,637.55. Circulating notes outstanding increased to $319,008,811, being a net increase of $53,705,793. Individual deposits increased to the extent of $483,744,671.10, standing on July 15 at $2,941,837,428.77. The aggregate resources of the banks at the date of the last report were $5,675,910,042.63, an^ increase of $731,744,418.76. The loans and discounts increased to $2,956,906,375.97; bonds on deposit to secure circulation and public deposits to $326,9.71,080 and-$105,327,250, respectively. The greatest amount of specie held by the banks on any day during the year was on February 5, the amount jbeing $399,956,143.93. Compared with the condition on June 29, 1900, the banks held on July 15, 1901, ca larger amount of specie and legal tenders by $15,071,833.94 and $21,173,102, respectively. The composition of specie holdings on the latter day was as follows: Gold coin, $108,871,024.66; gold Treasury certificates, $108,490,040; gold clearing-house certificates, $85,465,000; silver dollars, $9,399,355; fractional silver coin, $7,601,102.36; silver certificates, $51,259,021.LOANS AND CURRENCY. At the time of the last annual report the Department was still engaged in the refunding of the national debt in pursuance of authority contained in the act of March 14, 1900, but there had been an announcement, under date of November 21, 1900, that refunding would be indefinitely suspended at the close of business on December 31 of that year. In accordance with this announcement, the refunding operations were suspended, the amount of bonds of the old issues 20 REPORT ON THE F I N A N C E S . refunded into the new 2 per cent consols of 1930 being $445,1)40,750, distributed among the three loans available for refunding, as follows: Loan. Thre'e per cent, 1908-1918 F o u r per cent, funded loan of 1907 Five per cent, 1904. Total . P r e m i u m paid. Saving in interest. lifet slaving. $98,879,700 274,989,750 72,071,300 $5,500,161.26 31,209,271.52 6,872,571.81 $8,046,643 38,671,568 7,830,213 $2,546,482 7,462,296 957,641 445,940,750 43,582,004.59 54,548,4^ 10,966,419 Principal. Owing to the accumulation of public funds in the Treasury, and to the necessity for making the customary provision for the sinking fund, it was determined, at the beginning of April, 1901, to purchaseUnited States bonds, under authority of the act of February 25, 1862, by which the sinking fund was established. Announcement was accordingly made that the Department would purchase bohdis of the 5 per cent loan of 1904, the 4 per cent funded loahof 1907, and the 3 per cent loan of °1908-1918, at prices equivalent to the existing value of the 2 per cent consols of 1930, which at that tim(5 represented an annual income upon the investment of 1.726 p(3r cent. In pursuance of this announcement, bonds of the three loans in question were purchased between April 2 and June 30,1901, g^mounting to $14,359,520, the amount disbursed being $16,257,928.72. This was charged to the sinking fund for the fiscal year 1901. Continuing the purchases after June 30, 1901, upon the same basis, there was a considerable falling off in the present^ition of bonds, so that on September 10 the amount acquired for t h e sinking fund of 1902 was only $5,203,550. On that day, therefore, it was announced that the Department would receive and consider proposals for the sale to the Government of the three classes of bonds above mentioned, and also of the 4 per cient bonds, loan of 1925, to an amount not exceeding $20,000,000, the proposals to be submitted by letter or telegraph not later than September 12. Under this announcement there were received $7,723,300 _of United States bonds, of which $3,865,000 were 4 per cent bonds of the loan of 1925, the disbursement on aecount of the total purchases for the three days being $9,801,774.94. On September 13 it was announced that the Department would return to the purchase of 5 per cent bonds, loan of 1904, 4 per cent bonds, funded loan of 1907, and 3 i)er cent bonds, loan bf 1908-1918, upon the original basis of an interest' return of 1.726 per cent, and that the Department would consider proposals for the purchase of the 4 per cent bonds, loan of 1925, at a price not to exceed 140 flat. On October 2 it'was announced that the Department would discontinue purchases for the sinking fund as soon as the amount of $20,000,-000, for which proposals were invited on September 10, SECRETARY OF THE TREASURY. 21 should have been obtained. The publication of this announcement caused an immediate offering of large amounts of bonds, so that on the same day notice was given that purchases would be discontinued. The amount purchased up to this date and charged to the sinking fund of 1902 was $26,118,470, for which $33,180,507:72 was disbursed. o It sopn became apparent, however, that there would be an excessive accumulation of public funds in the Treasury, and on October 31 the announcement was made that purchases would be resumed upon the basis of 1.726 interest return for the three classes of shortterm bonds, and upon a basis of 1.906 for the 4 per cent bonds, loan of 1925. This latter basis represented, approximately, the market value of those bonds. The amount purchased from October 31 to November 15, inclusive, was $6,995,950 and the disbursement therefor was $8,802,478.67. The total amountof bonds purchased and charged to the sinking fund of 1902 from July 1 to November 15, inclusive, was $33,114,420, and the amount disbursed was $41,982,986.39. In making these purchases the Department followed its usual custom of treating all offers alike, the smallest of only $20 receiving with all intermediate amounts, the same consideration as the greatest offer of more than $3,000,000. All bonds accepted were paid for upon the same basis and without delay. The following table shows the purchases for the sinking fund of 1901 and 1902, by loans, with the premium paid on account of each loan, and the total disbursements: PURCHASES FOR THE SINKING FUND. Fiscal year 1901. Classes. Bonds. Three per cent, I908-I918 Four p e r cent, 1907 Five per cent, 1904 Premium. $291,520 $25,951.47 12,983,700 1,775,330.79 97,126.46 1,084,300. Disbursement. $317,471.47 14,759,030.79 1,181,426.46 Fiscal year 1902. Classes. Three per cent, I908-I9I8. F o u r per cent, 1907 Pive per cent, 1904 Four per cent, 1925 Bonds. $1,920,220 12,550,400 1,257,250 17,386,650 Premium. Disbursement. $1.64,592.34. $2,084,812.34 1,656,865.44 14,207,265.44 1,360,230.05 102,980.05 6,944,128.56 24,330,678.56 22 REPORT ON THE FINANCES. liecaqyitulation. Bonds purchased. Disbursement. Fiscal year 1901 . Fiscal year 1902.. $14,359,520 33,114,420 $16,257,928.72 41,982,986.39 Total. 47,473,940 58,240,915.11 Year. The changes in the amounts of the several kinds of money in the United States outside of the Treasury between November 1,1900, and November 1, 1901, are shown in the table following. The estimated population of the United States November 1, 1900, was 76,891,000, and the per capita supply of money outside the Treasury was $27.82. The estimated population and per capita supply of money November 1, 1901, were 78,211,000 and $28.72, respectively. COMPARATIVE STATEMENT SHOWING T H E CHANGES IN CIRCULATION. . In circulation In cir'ulation Nov. 1, 1901. Nov. 1,1900. Classes. Gold coin s t a n d a r d silver dollars Subsidiary silver Cold certificates Silver certificates T r e a s u r y notes, act of J u l y 14,1890 United States notes. . Currency certificates, act of J u n e 8,1872 National-bank notes '. Total .^. $621,7617263 73,479,469 81,035,187 215,595,969 421,380,745 65,478,460 333,295,061 $633,858,471 73,113,520 83,999,351 281,678,659 441,810,337 41,384,614 338,781,028 1,780,000 325,375,258 351,674,562 2,139,181,412 2,246,300,542 Net increase Decrease. $365,949 24,093," 846" 1,780,000 26,239,795 Increase. / $12,097,208 2,964,164 66,082,690 20,429,592 5,485,967 26,299,304 133,358,925 107,119,130 FOREIGN COMMERCE. The foreign commerce in merchandise for the fiscal year 1901 showed Jl decrease of $26,769,019 in imports and an increase of $93,281,909 in exports when compared with the preceding year. Comparing the figures of 1901 with those of ^1891, there is a decrease of $21,744,031 in iniports and an increase of $603,284,181 in exports. The imports of the year 1901 were $823,172,165 and the exports $1,487,764,991, making the excess of exports over imports $664,592,826. Both the total exports and the excess of exports over imports were greater in 1901 than in any preceding year in the history of our commerce- In the four years 1898-1901 the excess of exports over imports was $2,354,442,213, against a net excess of $356,808,822 in exports over imports duringthe 108 years from 1790 to 1897, inclusive. The exports of silver in 1901 also exceeded the imports by $27,898,659, and in the four years by $99,176,089, thus making the excess of exports over imports of merchandise and silver in the fomr years SECRETARY OF THE TREASURY. 23 $2,453,618,302. Against this, the importation of gold in excess of exports in 1901 was but $12,866,010, and in the four years $165,590,235. The total exports of merchandise, gold, and silver in the four years ended June 30, 1901, have thus exceeded, the imports of those articles by $2,288,028:067. While no method has yet been devised for determining what share of this excess of exports was devoted to the payment of interest, freights on merchandise carried by vessels owned . in other countries, or the expenditures of Americans traveling abroad, it is apparent that if the most liberal estimates for these items are accepted there must still remain a very large sum which has evidently been devoted to the payment of foreign indebtedness and the creation of credits abroad. A comparison of the commerce of the year with that of other countries shows that our exports of domestic merchandise in 1901 exceeded those of any other nation. The exports of domestic merchandise of the year ended June 30,1901, amounted to $1,460,462,806, against $1,389,928,997 from the United Kingdom, $1,093,374,000 from Germany, and $803,880,000 from France. The record of exports of manufactures in 1901 showed a slight decrease, amounting to $21,696,690 when compared with 1900, but an increase of $72,562,920 over 1899, and exceeded the imports of manufactures in 1901 by $89,026,766. Prior to 1898 the imports of manufactures always exceeded the exports. In the four years 18981901 exports of manufactures have exceeded imports by $350,777,106. The reduction in the figures.of exports of manufactures is due in part to the absence of a record of the exports to the Hawaiian Islands, in part to a reduction in the price of articles exported, and in part to a decrease in the exports of copper, iron, and steel. The Hawaiian Islands are now a customs district of the United States, and the fact that those engaged in commerce with them claim the privilege of the coastwise trade regulations has rendered it impossible to obtain statistics of the trade with those islands during the past year. The remaining reduction occurs chiefly in illuminating oil, iron and steel manufactures, and copper. In illuminating oil the reduction is solely due to the reduced price, the quantity exported having exceeded that of the preceding year. In iron and steel the reduction is partly in price, nearly all articles showing a decrease in the average export price per unit of quantity in 1901 comiiared with 1900. In copper the exports fell from" $55,772.^166 in 1900 to $41,260,376 in 1901, this'reduction being apparently due in part to increased foreign production and lower prices in producing countries other than the United States and in part to a-^reduced demand abroad. In other branches of manufactures the exports, continue to show a satisfactory growth. 24 REPORT ON THE FINANCES. The exports to all the grand divisions of 'the world show an increase except those to Asia and Oceania. To Asia there is a decrease of $15,523,095, chiefly due to the temporary suspension of commerce with China during the recent hostilities in that country, but now being resumed. The apparent decrease'to Oceania is entirely due to the absence of statistics of the exports to Hawaii. The commerce with the territory which has been recently brought under the American flag shows a gratifying growth. The exports to the Philippine Islands were $4,027,064 in 1901, against $2,640,449 in 1900, and $404,193 in 1899; to Porto Rico, $6,965,408 in 1901,^ against $4,640,449 in-1900, and $2,685,848 in 1899. To the Hawaiian Islands there is every reason to believe that the exports have also greatly increased, though for the reasons above given it has been impossible to obtain statistics either of the exports to or imports from those islands. The fact that Porto Rico has now become a customs district of the Uiiited States and that all customs duties between that island and the ports of the United States have been terminated also removes the commerce with that island from the requirements of the law relating to statistical reports of foreign commerce. This absence of authority to require reports of the movement of commerce between the United States and Hawaii and Porto Rico renders it impossible to determine statistically the effect of their new relationship upon our trade with them, and it is hoped that some legislation may be had by which a record of commerce between the ports of the United States and all noncontiguous territory under its control may be obtained through the same machinery which records the commerce with foreign territory. A system of gathering statistics regarding the internal commerce on the Great Lakes and of the concentration of the chief staples at the great interior cities and their redistribution has been put into operation by the Bureau of Statistics, and is supplying much-needed information regarding this very important subject. A system for gathering similar information regarding the coastwise commerce in the great staples between the chief coast cities is also being formulated with such assurances of cooperation by those engaged in that commerce as to give a prospect of success. It is earnestly hoped that the work of measuring the internal commerce of the country in its leading features may have the -support of Congress. The great increase in the foreign commerce and public interest therein also renders absolutely necessary an increase in the clerical'force of the Bureau. SECRETARY OF T H E 25 TREASURY. The following table presents in concise form the record of the foreign commerce of the country in 1901, compared with preceding years: Fiscal year ended— 1899. Increase. 1900. I90I. $291,414,175 "$300,279,810 324,635,479 396,868,679 $367,236,866 482,704,318 $339,608,669 483,563,496 a$27,628,197 859,178 697,148,489 56.93 88,954,603 30,675,056 849i94I,I84 56.79 44,573,184 35,256,302 823,172,165 58.74 66,051,187 36,386,521 a 26,769,019 1.95 21 478 003 1,130,219 Exports: MerchandiseDomestic Foreign 1,310,291,913 1,203,931,222 1,370,763,571 1,460,462,806 23,092,080 23; 719,511 21,190,417 27,302,185 89,699,235 3,582,674 Total.. Gold Silver 1,231,482,330 1,227,023,302 l,394i483,082 1,487,764,991 37,522,086 48i266,759 15,406,391 53,185,177 56,319,055 55,105,239 56,712,275 64,285,180 93,281,909 4,918,418 7,572,905 1898. Imports: MerchandiseFree Dutiable Total P e r cent dutiable Gold Silver 616,049,654 52.70 120,391,674 30,927,781 I m p o r t s for consumption Duties paid Ad valorem duties— On dutiable, per c e n t . . O n f r e e , a n d dutiable percent.. 587,153,700 145,438,385 685,441,892 202,072,050 830,519,252 239,360,771 807,763,301 233,556,110 a 22,755,951 4,195,339 49.20' 52.38 49.46 49.83 .37 24.77 29.48 27.62 28.91 L29 Tonnage: E n t e r e d in the foreign trade..: tons.. Cleared in the foreign trade tons.. 25,579,399 26,110,816 28,163,005 29,768,021 1,605,016 25,748,232 26,265,976 28,381,141 29,819,893 1,538,752 Excess of exnorts over imp o r t s (merchandise o n l y ) . . . 615,432,676 529,874,813 544,541,898 664,592,826 120,050,928 • a Decrease. CUSTOMS. Reorganization of districts. The advisability of the reorganization of customs districts and of abolishing ports at which there has been substantially no customs business for years past is again suggested. The growth of such business at other ports, with the consequent increase of expense, necessitates retrenchment whenever possible and emphasizes the above suggestion. Special agents. In accordance with the provisions of section 2649 of the Revised Statutes, the special agents of the Department have examined the customs business transacted in 51 customs districts and independent ports, and their reports have been of great value in securing uniformity of practice and curtailment of expense. Agents stationed at convenient centers of customs business in various parts of the country have investigated numerous instances of suspected undervaluation and other irregularities. Information of attempted frauds 26 REPORT ON THE F I N A N C E S . upon the part of foreign shippers and of other irregularities is constantly received and communicated to local customs officers by the special agents, and the former are instructed to see that proper use of such information is made. In the annual report of the Supervising Special Agent may be found a detailed account of the operations of the special agents. UnderV aluations. The imposition of customs duties seems to involve constant efforts at evasions thereof. The most dangerous method is by means of undervaluation, which affects not only the safety of the revenue, but the adequate protection of those who make honest entry of their importations. The efforts of special agents have been attended with much success during the past fiscal year, and the special officers of the Service employed in Europe have been unusually busy and effective. Their work seems constantly to increase. Smuggling. Smuggling prevails, particularly on the northern and southwestern frontiers, where frequent seizures of horses, cattle, and other live stock are made.- Other commodities are similarly introduced into the country, and the vigilance of customs officers and the imposition of legal penalties, whenever practicable, operate to reduce sucb irregularities to a minimum. At the port of New York, on March 1 last, an important reorganization of the force employed in the examination of the baggage of passengers arriving from abroad was effected, after a thorough investigation of the subject. The collection of duties on merchandise contained in baggage at once increased more than fourfold, both tradesmen and tourists contributing thereto. This may be illustrated by comparing the duties on passengers' baggage from March 1 to November 1, 1901, with the amount collected for the same period in 1900. In the earlier period there w^as collected $192,045.10; in the later, $787,388.96. In addition, the bringing of large quantities of merchandise formerly classed as personal effects has been prevented, and hundreds of thousands of dollars' worth of merchandise has been declared by invoice which, had it not been for the vigilance exercised under the law and the Department's regulations, would not have.been declared. Much complaint has been made by tourists over what they are pleased to call the " outrageous" conduct of inspectors on the dock ih baggage examinations. It has been maintained that to require a declaration under oath by the traveler and then to search his baggage is to insult the citizen who makes such declaration. The SECRETARY OF THE TREASURY. 27 records of the Department clearly indicate that if either the declaration now required by law or the examination now permitted by law is to be waived, it would be in the interest of the revenue to waive the declaration rather than the examination. It is gratifying, however, to note that as those affected have come to realize that the administration of the law is even and impartial as to persons, complaints have diminished and expressions of approval have been made. Russian sugar hounty case. Questions growing out of the construction and enforcement of section 5 of the tariff act of July 24, 1897, have engaged the earnest and patient attention of the Department, particularly so with ref erence to what is known as the Russian sugar bounty case. That section provides as follows: That whenever any country, dependenc}^, or colony shall pay or bestow, directly or indirectly, any bounty or grant upon the exportation of any article or merchandise from such country, dependency, or colony, and such article or merchandise is dutiable under the provisions of this Act, then upon the importation of any such article or merchandise into the United States, whether the same shall be imported directly from the country of production or otherwise, and whether such article or merchandise is imported in the same condition as when exported from the country of production or has been changed in condition by remanufacture or otherwise, there shall be levied and paid, in all such cases, in addition to the duties otherwise imposed by this Act, an additional duty equal to the net amount of such bounty or grant, however the ^ same be paid or bestowed. The net amount of all such bounties or grants shall be from time to time ascertained, determined, and declared by the Secretary of the Treasury, who shall make all needful regulations for the identification of such articles and merchandise and for the assessment and collection of such additional duties. Complying with the mandate of this statute, the Secretary of the Treasury, December 12, 1898, directed that additional duties be collected on sugar imported from, or the product of, the followingnamed countries: Argentine Republic, Austria-Hungary, Denmark, France, Germany, the Netherlands, and Russia. At the time of the issuance of such order, Russia made no protest against the collection of a countervailing duty on sugar imported from that country. Early in 1900, however, at the request of the Department of State, which was then engaged in negotiations for a reciprocity treaty with Russia, the Secretary of the Treasury suspended the order as a conventional courtesy, and held the subject open for further investigation. The subsequent abandonment of reciprocity negotiations and the growing imports of Russian sugar pressed upon the Department the necessity for determining again the question of whether or not that country paid or bestowed, ** directly 28 REPORT ON THE FINANCES. or indirectly, any bounty or grant upon the exportation of sugar." Russian authorities earnestly insisted that no such bounty was paid, while, on the other hand, certain other beet-sugar producing countries of Europe, claiming to be injuriously affected by the order suspending the collection of countervailing duties on Russian sugar, urged that Russiaj under the facts of the case, was a bounty-paying country. An agent of the Treasury Department was sent to.Europe with directions to make a thorough study and report upon the question. While the investigation was thus being conducted, the Imperial, Government served notice that a decision by this Government adverse to their contention would result in the imposition of maximum duties on certain products of the United States Imported into Russia. In this country the agricultural and beet-sugar interests demanded that measure of protection which was intended to be afforded by the law, and therefore supported the bounty-paying theory. On the other hand, manufacturers, fearful of the consequences of the threatened retaliatory order, urged to the contrary. At the conclusion of the investigation, the following was declared to be a reasonable and fair statement of the operation of the Russian law: 1. The Government establishes the maximum price of refined sugar in the domestic market. 2. Estimating the demand for home consumption, it permits the refiners to put on the market, under a tax of 1.75, a certain limited quantity, well within the .known home consumption, but provides that any excess put upon the home market shall be taxed at 3.50, or twice the regular tax (1.75). 3. The interest of the individual refiner, then, lies in putting out all he can at a tax of 1.75, and none under the tax of 3.50. 4. The inevitable result is an excess of stock in the hands of the refiners as a whole, and to get rid of this surplus it is exported. Now, a method exists by which refiner A can get the benefit of the failure of xefiner B to supply the home market with his full quota. Home refiner A becomes willing to pay refiner B a certain reward if he will export a portion of his allotted quota and give A the official evidence of such exportation, which enables A to sell in the home market at a tax of 1.75 an equivalent portion of the sugar produced by him (A) in excess of his quota. 5. The maximum prices fixed by the minister of finance are always practically reached by the trade, and are such as to give a very large profit to the producer, particularly in those provinces where, owing to a better economic condition of the population, the demand for sugar exceeds the local supply from the stock entitled to withdrawal for consumption at a single tax. The ability of the producers of sugar in certain regions to obtain higher prices than those obtained in other regions gives rise to the arrangement mentioned in paragraph 4. 6. While it could not be directly inferred from the wording of the statute itself that the Government, in arranging its system of sugar SECRETARY OF THE TREASURY. 29 taxation, contemplated an encouragement to export, this object is clearly expressed in the instructions issued in pursuance of the statute by the minister of finance, wherein this arrangement is expressly declared to be made '' in order to facilitate the exportation of the surpluses to foreign countries." (Title D, Art. II, sees. 39 and 40.) That it results in a bonus from soine source to those who export sugar there can be no doubt. ° Collectors of customs were therefore instructed to collect an additional duty on Russian sugar of .50 ruble per pood, this figure representing the amount of bounty declared under the circular, of December 12, 1898. In issuing the order for the collection of additional duties, the Secretary took occasion to review the case as follows : The law is not declarative as to who shall determine the fact that a ''bounty or grant is paid or bestowed." In the present case the facts are involved, and the conclusions to be drawn from them are correspondingly difficult. At the conference of delegates on the question of sugar bounties, held in Brussels in June, 1898, the Belgian and Austrian delegates contended that the' Russian. Government regulations resulted in an indirect bounty on exported sugar equal tb the difference between the price (exclusive of excise tax) of sugar sold in that country for home consumption and the price of sugar sold for export. • Russia, on the other hand, jgrotests with great vigor that by no act of hers is. any bounty or grant paid or bestowed on the exportation of sugar'? , It is represented that Russian sugar is sold for export at prices considerably below the cost of production, and this phenomenon appears to be in some degree due to the regulation of the sugar industry of that country by the Russian Government. . Do the Russian Government .regulations have such a bearing upon the facts of the case as to bring Russian sugar within the intent of said law as disclosed by its terms? While the question in its initiative lies with the administration of the Treasury Department, the question is of a judicial rather than of an administrative character, and its importance demands determination by a judicial tribunal; The Board of General Appraisers constitutes such a tribunal, and from its decisions appeal may be taken to the United States courts. As an administrative officer, it is my duty to determine questions of doubt in favor of the Government, the mbre ^o that if I err in that direction the error can be readily corrected by a competent tribunal upon protest and appeal by those adversely affected, while if b}^ my action the interests of the Government are injuriously affected there is no remedy. • In the present case there seems to pe no other proper course than the one you are hereby instructed to pursue. It ought to bring the whole question promptly before a body constituted to hear and determine disputed ciuestions of fact and of law. The jurisdiction of the Board of General Appraisers to determine siinilar questions has now been sustained b y t h e United States circuit court of appeals in the case of the United States v. The Hills Brothers Company, decided February 8, 1901, unpublished; and if 30 REPORT ON THE FINANCES. appeal be taken from my ruling to that body, it will be your duty to facilitate in every way a prompt and final adjudication of such appeal. A cargo of Russian sugar soon thereafter arriving at Baltimore, an opportunity was given for the desired appeal to the Board of General Appraisers, and the Department requested that body to give the case early consideration. As a result of the Board's deliberations, it held that the question of whether a country pays or bestows a bounty or grant upon the exportation of any article or merchandise according to section 5 of the Dingley tariff, lies in its initiative with the Secretary of the Treasury. A ' ' b o u n t y " was defined to be " an advantage or benefit conferred upon, or compensation paid to, a person or class of persons, the burden of which is borne directly or indirectly by the public treasury." It was also held that a " g r a n t " implies a conferring, by a sovereign power, of some valuable privilege, franchise, or other right of like character upon a corporation, person, or class of persons. " I t involves," said the Board, " t h e idea of a favor 'conferred by government, but does not necessarily embrace the act of appropriating, money out of the public :treasuiy." The Board then held that the Russian Government pays or bestows a bounty or grant upon the. exportation of so-called "free sugar," so as to work a benefit or advantage to the exporter. One member of the Board of General Appraisers dissented, holding that, as the question was in doubt, the doubt should be resolved in favor of the importer. The case was thereupon appealed by the importer to the United States circuit court for the district of Mary-. land, and in a recent opinion that court sustained the decision of the Board of General Appraisers for the purpose of passing the case on appeal to the United States circuit court of appeals, the court expressing the opinion, however, that no bounty or grant, as contemplated by section 5 of the act of July 24, 1897, was paid under the Russian system. The case will now soon receive final judicial determination, and it is hoped by the Department that the decision of the court may be conclusive and convincing as to the merits of this complicated question. Compensation of informers. " ^ Section 6 of the antimoiety act of June 22, 1874, provides that no payment shall be made to any person furnishing information in any case wherein judicial proceedings shall have been instituted unless his claim to compensation' shall have been established to the satisfaction of the court or judge having cognizance of such proceedings, and the value of his services duly certified by said court or judge for the information of the Secretary of the Treasury; but no certificate SECRETARY OF THE TREASURY. 31 of the value of such services shall be conclusive of the amount thereof. And when any fine, penalty, or forfeiture shall be collected without judicial proceedings, the Secretary of the Treasury shall, before directing payment to any person claiming such compensation, orequire satisfactory proof that such person is justly entitled thereto. Under this pro vision, Jn-^cases of forfeiture proceedings pending in United States courts, it is the practice in the southern district of New York, and in other judicial districts, to require an informer to make application to the court through an attorney for the certificate referred to, whereupon the court appoints a commissioner to take testimony, before issuing such certificate. This involves an informer in considerable expense for attorney's fees and court costs. It also makes public the identity of the informer and his connection with the case. In many instances the net proceeds of a customs seizure, after the deduction of duties and court and other expenses, are small, and under the law the Departmen-t can not grant an allowance to an informer of more than 50 per cent of such proceeds. In every case of this character which has come before the Department in recent years, the requirements of the statute referred to have worked more or less hardship, which tends to prevent persons having knowledge of irregularities from giving information to the customs officers and greatly hinders-the detection and prevention of frauds upon the customs revenue. It. is suggested that that portion of the lawo referred*, to which requires an informer to establish to the satisfaction of the court the validity of his claim and the value thereof be repealed, and that the authority to pass on such claims be vested in the Secretary of the Treasury, as is now the case in instances of fines, penalties, and forfeitures collected without judicial proceedings. ALASKA. Salmon fisheries. The agent for the protection of the salmon fisheries of Alaska reports inspection of every salmon cannery and saltery on the Alaskan coast during the season of 1901. The canning establishments in Alaska nuniber 55, and extend from Dixon Entrance to Bristol Bay, a distance of not less than 2,500 miles. The season's salmon pack is much greater than in any former year, and will probably exceed 2,000,000 cases, as against. 1,602,899 taken in 1900. The tax collectible thereon will amount to more than $80,000. An almost total absence of violations of law on the part of the salmon-packing companies is also reported. In June last several salmon-c^vftiiiHg companies asked for a modi- 32 REPORT ON THE FINANCES. fication of the regulations of February 18, 1901, which required those engaged in packing^ salting, or smoking salmon in Alaska to estab. lish suitable artificial plants or hatcheries for the propagation of salmon, and they urged the construction of Government hatcheries instead. The Department, after careful consideration, refused to = modify the regulations. In any event, the authority for the establishment of Government hatcheries must come from Congress; but the Department presents this consideration, that those who have for years participated in this profitable industry, and have drawn exhaustively from the wealth of the seas, ought themselves to be more deeply concerned in its preservation. Their rivalries have diminished the supply of salmon in Alaskan waters, and may ultimately lead to the extinction of this valuable food fish. Considering the fact that they have profited greatly in this special pursuit, it ought not to be any great hardship for them to take such steps as will guard against the danger of a destruction of their own interests. Seal herd. The sealing operations carried on by the North American Commercial Company on the Pribilof Islands during the season ended August 10, 1901, resulted in a catch of. 22,672 fur-seal skins, of which number 17,100 were taken on St. Paul Island and 5,572 on St. George. The revenue which will accrue to the Government from this catch, according to the terms of the lease granted by the Department to the company mentioned, is $231,821.20. " Comparing the catch of 1901 with that of the season of 1900, as detailed below, it will be seen that 202 more skins were taken in 1901 than in the preceding season: Islands. St. Paul. St. George Total '. 1900. ; --- . 1901. 17,688 4,782 17,100 5,572 22,470 22,673 The net increase of 202 skins is not due to any enlargement of the seal herd, but to the taking in 1901 of seals which were allowed to escape the preceding season, when the native sealers, because of a general illness, were unable to work. The enumeration of live pups in 1901 by the Treasury agents on the islands shows a marked falling off from the previous year. The supply of adult males is more than sufficient for breeding purposes, indicating that the land killing by the company works no injury to the herd and is not the cause of the decrease. It may be attributed SECRETARY OF THE TREASURY. - 33 wholly to pelagic sealing, which operates directly upon the breeding herd and causes the death of the young as well as of the mother. The consul at Victoria, British Columbia, reports that the total spring catch of twenty-eight of the thirty-four vessels of the British sealing fleet, which cleared in January last, amounted to 6,695 seal skins, including 218 skins taken by Indians in canoes. The spring catch of 1900 amounted to 16,149 skins, and this year's operations reported for the same season show a falling off of 9,454 from the pelagic catch of the previous year, and is the smallest since 1897. In the spring of 1900 the average catch per vessel was 489; the spring catch of 1901 averaged 231 per vessel. The consul at Victoria transmits unofficial advices showing that the summer catch of the British Columbian fleet in Bering Sea is expected to approximate 10,500 skins, and that the Copper Island catch taken by 9 vessels is 6,253. The summer catch of 1900 by the same fleet was 17,513 seal skins, and, in addition, the Copper Island catch numbered 208 and the Indian canoe catch 1,321, making the pelagic catch for the year 35,191. The pelagic catch for t h e y e a r 1901 is therefore barely two-thirds of the catch of the preceding year. The branding of female seal pups was continued last season upon the seal islands, when about 2,000 were so treated. The branding was done so carefully that no injury to the vitality of the animal was effected, while their skins were rendered valueless from a commercial standpoint. There is good reason to believe that sealing schooners sailing under the Japanese flag, and therefore exempt from the restrictions upon the killing of seals i^rescribed by the Paris award, enter the Bering Sea with a view of securing seal skins as well from the herd, on the Pribilof Islands as from those seals frequenting the Russian Commander Islands. As this class of sealers, unless deterred by arbitrary force, may approach within the sixty-mile limit around the Pribiloi Islands, and use flrearms in killing seals in the waters of Bering Sea, it is earnestly hoped that an arrangement may be^ effected whereby the Japanese sealers may be prevented from rendering of no avail the restrictive regulations prescribed by the Paris award of arbitration. During the winter of 1900-1901, 410 blue-fox skins and 28 whitefox skins were taken on St. George Island, and 153 blue and 1 white on St. Paul Island. In June, 1900, an epidemic of la grippe, followed by the measles in August of the same year, caused the death of 25 natives on St. Paul, Island and 17 on St. George. D u r i n g t h e same period there was but one birth, and that on St. Paul Island. FI1901—3 34 REPORT ON THE FINANCES. INTERNAL REVENUE. The receipts from the several objects of taxation under the internal-revenue laws for the fiscal years ended June 30, 1900 and 1901, were as follows: RECEIPTS FROM INTERNAL R E V E N U E IN 1900 AND 1901. Fiscal year ended J u n e c Objects of taxation. 1900. Distilled spirits. -. Manufactured tobacco Fermented liquors Oleomargarine; Filled cheese. Mixed flour Special t a x e s n o t elsewhere enumerated Legacies and distributive shares of personal p r o p e r t y . :.. Schedules A a n d B Banks, bankers, etc Miscellaneous collections Total 1901. Increase. $109,868,817.18 59,355,084.27 73,550,754.49 3,543,785.18 17,064.48 7,439.46 $116,027,979.56 62,481,907.13 75,669,907.65 2,518,101.44 14,652.64 6,606.36 4,5I5,640.'85 4,165,735.14 2,884,491.55 40,964,365.30 1,460.50 1,607,204.31 5,211,898.68 39,241,036.32 1,918.00 1,531,926.50 2,327,407.13 295,316,107.57 306,871,669.42 11,555,561.85 Decrease. $6,159,162.38 3,126,822.86 2,119,153.16 $25,683.74 2,411.84 833.10 349,905.71 1,723,328.98 457.50 75,277.81 A detailed statement of the receipts and expenditures will be found in the report of the Commissioner of Internal Revenue. The amounts given as receipts are those actually collected during the fiscal years mentioned; but in many cases the money collected on the last day of 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, 1901, was $4,749,220.44, and $4,653,687.74 in 1900, showing an increase for the fiscal year ended June 30, 1901, of $95,532.70. The percentage cost of collection for the fiscal year ended June 30, 1901, was 1.55 per cent, as against 1.58 per cent in 1900. The total production of distilled spirits, exclusive of fruit brandies, for the fiscal year was 124,520,599 taxable gallons, against 105,484,699 taxable gallons in 1900, showing an increase in production for the .fiscal year just ended of 19,035,900 gallons. There were, also produced 594,978 gallons of apple brandy, 123,699 gallons of peach brandy, 3,291,008 gallons of grape brandy, 4,636 gallons of pear brandy, 363 gallons of berry brandy, 32,867 gallons of prune brandy, and 51 gallons of fig brandy, making a total production of 4,047,602 gallons from fruits during-the fiscal year. A further comparison of the two fiscal years shows a decrease of 13,063 gallons in production of apple brandy, an increase of 116,011 gallons in production of peach brandy, an increase of 148,301 gallons in grape brandy, an increase of 4,636 gallons in pear brandy, an increase of 322 gallons in berry brandy, an increase of 30,857 gallons in prune bmndy^ and an increase of 51 gallons in fig brandy. SECRETARY OF THE TREASURY. 35 For the fiscal year ended June 30, 1901, there was an aggregate increase of 287,115 gallons produced from fruits, as compared with the previous fiscal year. The quantity of distilled spirits gauged during the fiscal year was 388,955,771 gallons, against 351,425,388 gallons in 1900, making an increase for the year just ended of 37,530,383 gallons. During the fiscal year ended June 30, 1901, 3,745 distilleries of all kinds were operated. For the preceding fiscal year 3,613 distilleries of all kinds were operated, an increase of 132 for the year just ended. During the fiscal year ended June 30, 1901, there were produced 40,614,258 barrels of beer. The number of barrels produced during the fiscal year ended June 30, 1900, was 39,471,593, making an increased production for the year just ended of 1,142,665 barrels. For the fiscal year ended June 30, 1901, the total receipts from the taxes on tobacco, cigars, cigarettes, snuff, etc., were $62,481,907.13. The receipts from the same sources in 1900 were $59,355,084.27, showing an increase of $3,126,822.86 for the year ended June 30, 1901. DISTRICT OF COLUMBIA. The net expenditures on account of the District of Columbia for the fiscal year 1901 were $8,748,323.04. The net revenues deposited in the Treasury on this account for the same period were $3,986,176.19. Under the operations of the sinking funds, the net reduction of the bonded debt during the year was $22,950, and of the annual" interest charge $953.42. Since the close of the fiscal year bonds amounting to $12,250 have,been purchased, and of $319,000 waterstock bonds maturing October 1, 1901, $306,000 have been redeemed. The total amount of the bonded debt at the close of the fiscal year was $15,068,350. Of this sum, $14,201,650 consists of 3.65 per cent bonds. These bonds command a premium in the market of 25 per cent, and at this figure would only net to the sinking fund about 2.25 per cent, while the law contemplates an increase to the sinking fund of 3.65 per cent per annum. The accumulations of interest on the bonds of the old funded debt held for account of the sinking fund for the water-stock bonds will hereafter pay the interest on the water bonds outstanding, and no appropriation will be required on this account. Detailed information in regard to the affairs of the District of Columbia will be found in the report to be submitted by the Disti:ict Commissioners and by the Treasurer of the United States, ex officio commissioner of the sinking fund of the District. PUBLIC BUILDINGS. The office of the Supervising Architect has been actively engaged in preparing plans and specifications and awarding contracts for the 36 REPORT ON THE FINANCES-" public buildings authorized by Congress to be constructed under the supervision and control of this Department. During the last fiscal year twenty-four new buildings have been contracted for, many of which are now nearing completion—the largest volume of work ever performed during any one year. The Department, after mature consideration of the subject, finally decided to adopt the classic style of architecture for all buildings as far as it was practicable to do so, and it is believed that this style is best suited for Government buildings. The experience of centuries has demonstrated that no form of architecture is so pleasing to the great mass of mankind as the classic, or some modified form of the classic, and it is hoped that the present policy may be followed in the future, in order that the public buildings of the United States may become distinctive in their character. The new mint building at Philadelphia, Pa., may be cited as an illustration of the new departure in Government construction. In design, arrangement, and finish it is incomparably the best structure thus far erected by the Treasury Department. The great improvement in Federal architecture generally, as compared with the work of the Supervising Architect's Office in former years, m a y b e seen in the illustrations accompanying the report of that office for the past fiscal year. For the information of Congress, the Department has also published a history of public buildings under its control. The volume is valuable as a work of reference. It contains data relating to the dimensions, requirements, and cost of the various public buildings throughout the United States. Illustrations of each building are given, and from these an idea may be had of the advancement in Government architecture, and by comparison as to size and cost of edifices the reasonable needs of similar towns and cities hereafter applying for public buildings may be fairly determined. The act of Congress, approved February 20, 1893, generally known as the Tarsney Act, which allows the Secretary of the Treasury, in his discretion, to secure competitive designs for public buildings, has been given further trial, the Federal buildings at Indianapolis, Ind., and Cleveland, Ohio, having been placed under the operation of this act during the past fiscal year. Active operations upon these two buildings have not been commenced, but eminently satisfactory designs have been secured, and it is believed that the buildings will be successfully constructed by the architects selected. The work on the new custom-house building in New York City, which was also placed under the operation of this law, is progressing. The extensive foundations for this building have been completed, and a contract is about to be let for the lower stories of the super- SECRETARY OF THE TREASURY. 37 structure; but the great rise in the cost of materials may make it necessary to authorize substitutions for materials originally contemplated unless Congress shall meet the situation by further appropriations. Summarizing the work of the Supervising Architect's Office, there are at this time 33 buildings in course of construction, the total limit of cost being placed at $19,965,932.56. The number of public buildings under the control of this Department is 435, including marine hospitals and quarantine stations. There are 367 completed and occupied, 33 in course of construction, and arrangements are now being perfected looking to commencement of work on 35 new buildings. The following is a statement of expenditures from appropriations for public buildings from July 1, 1900, to June 30, 1901: For sites for and construction of public buildings, extensions, and repairs, especially appropriated for $6,190,202.10 For repairs and preservation .' 363,165.97 For.heating apparatus 163,744.83 For vaults, safes, and locks 35,729.59 For photographic duplication of plans 3,893.58 Total 6,756,736.07 HALL OF RECORDS. Time but serves to emphasize the necessity for a Hall of Records, which is now most urgent because of the enormous increase of departmental business during the last few years. There is no longer any room in the Treasury Department, or buildings rented by it, for additional files. There is a serious condition of congestion both as to current and uncurrent documents. Valuable papers are in some instances stored in the corridors, and the clerical force is in many cases crowded into quarters wholly insufficient for the transaction of public business. Overcrowding in dimly lighted and poorly ventilated rooms can not fail to affect injuriously the health of those who are subjected to such conditions. Various remedies have been proposed for meeting the demands for more room in this Department. The subject is one which can not be treated in all the necessary details in this report, but I will on a later occasion submit a special communication which will exhibit the great increase of business throughout the bureaus of the Treasury Department and demonstrate the necessity for enlarged quarters. That a Hall of Records will relieve the situation to some extent is certain, and in this connection I submit an extract from the reports of the preceding two years : 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 38 REPORT ON T H E FINANCES. 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 Records in this city, and the matter is presented for the careful consideration of Congress, with the hope" that action will be taken at this session . looking to the erection of such building. IMMIGRATION. The annual report of the Commissioner-General of Immigration for the fiscal year ended June 30, 1901, shows that the total arrivals of aliens aggregated 562,868. Of that number, 487,918 were steerage and 74,950 first and second cabin passengers. The former, as compared with the same class of arrivals during the preceding year, shows an increase of 39,346, about 9 per cent, 2,020 of whom came via Canadian ports and 37,326 were landed at ports of this country. The largest gain reported for the year was 47,219, at the port of New York. With that exception, and the ports of Boston, New Orleans, and New Bedford, Mass., a l l t h e other ports show diminished arrivals, while the new territory of Hawaii makes an initial report of 1,774 alien immigrants. Europe contributed 469,237 to the total steerage immigration; Asia, 13,593; Africa, 173, and the remaining 4,915 came from other sources. From European countries the arrivals show increases as compared with last year, except from AustriaHungary, Great Britain, Russia, and Portugal, while the aggregate of Asiatics was 25 per cent less, represented principally by the comparatively small immigration from Japan. Italy again leads in the number sent, which exceeds by 35,861, or nearly 36 per cent, the tbtal from the same source for the preceding year. With respect to sex, there were 331,055 male steerage aliens and 156,863 females; 62,562 were under 14 years of age, 396,516 were from 14 to 45, and 28,840 were 45 and over. There were 117,587 who could neither read nor write, 3,058 who could read but not write; 294,860 brought less than $30 each, 56,312 had each more than $30, and the total amount exhibited by the steerage aliens to the inspectors amounted to $7,383,822. During the year 2,826 received hospital treatment, and 363, having become public charges within one year after landing, were returned to the countries whence they came. SEORETARY OF THE TREASURY. 39 The immigration was of a better class than that of the preceding year, for, although the number was greater by 39,346, but 3,516, or 730 less than last year, were refused a landing at our ports of entry. On our land boundaries 1,696 aliens, who attempted to enter the United States in violation of law, were also excluded. Of the races which contributed to the total steerage immigration, the Italian, with 137,807, is far in the lead, representing about 28 per cent, followed in the order given b y t h e Hebrew, with 58,098; the Polish, 43,617; the Scandinavian, 40,277; the German, 34,742; the Irish, 30,404; the Slovak, 29,343; the Croatian and Slovenian, 17,928; the English, 13,488; the Magyar, 13,311, and all others combined, 68,903. The adoption of-suitable regulations to insure the inspection, classification, etc., of alien cabin passengers, thus removing all distinction between them and steerage passengers, is again urged by the Commissioner-General. As compared with last year, immigration through eastern Canada has increased from 20,011 to 21,674, and the opinion is expressed that many of the forbidden classes and some of those who have already been refused admission at ports of this country seek that means of effecting an entry. As a check upon such practice, an officer of the Marine-Hospital Service was stationed at Liverpool to examine aliens coming on Canadian lines prior to their embarkation, and similar precautions have been taken at the ports of arrival in Canada. Negotiations are now being conducted with the Canadian transportation lines with a view to the adoption of a system which will remove, as far as practicable, the use of our northern boundary line as a means of securing unlawful entry by aliens. The Commissioner-General recommends the increase of the head tax from $1 to $2 and the enactment of a law compelling the transportation companies to receive, as prepaid passengers for return to the countries whence they came, those aliens who have become insane within one year after landing from causes arising subsequent thereto, such expense to be charged to the immigrant fund. The receipts on account of the immigrant fund, including head tax and the rental of privileges, amounted to $585,082.70. There was expended during the year in the administration of the immigration laws the sum of $389,637.05. In addition to this amount, $225,000 was disbursed from the immigrant fund on account of the new buildings on Ellis Island. These expenditures do not include the cost of enforcing the alien contract-labor laws, which was defrayed from the special appropriation of $150,000 made by Congress for that purpose, and amounted for the year to $132,965.39. 40 REPORT ON T H E F I N A N C E S . CHINESE EXCLUSION. Under the provisions of the treaty and laws in relation to the exclusion of Chinese, the Commissioner-General reports that 2,735 registered Chinese laborers have departed from the ports of this country during the year, and 2,280 have been admitted upon their return. Of the exempt classes—*' Chinese subjects, being officials, teachers, students, merchants, or travelers for curiosity or pleasure "—and of those desiring to pass through the Uiiited States to foreign countries, there were 4,509 applications. Of the 2,702 claiming to be excepted by the provisions of the treaty, 1,784 were admitted, and the remainder, 918, were denied admission. The frequent abuse of the privilege of passing through to foreign countries necessitated the issue of more stringent regulations to establish the good faith of applicants" therefor, and the use of photographs is recommended in all cases to verify the identity of persons holding papers of any kind issued under authority of law or regulation. Legislation is recommended by the Commissioner-General to define more narrowly the term ^'merchant," as well as to prescribe conditions, corresponding to those with which this class of Chinamen has to comply, for the admission of merchants' wives and minor children. For the purpose of enabling the administrative officers to investigate thoroughly the veracity of statements as to circumstances occurring in China, upon which claims to admission to this country are based, additional legislation also is recommended. The report further shows that Chinese persons who have been refused admission at ports of entry on the Canadian boundary as mei;nber^of one of the excepted classes subsequently cross the border and are arrested and carried before judicial officers upon their claim of having been born in this country. The total number of those deported during the year under judicial decisions was 328, and the cost of executing the mandates of the courts for their deportation amounted to $46,940.41. The laws relating to the exclusion of Chinese expire by limitation on May 5, 1902. The reenactment of these laws, either as they now stand or with modifications, furnishes an important subject for investigation and appropriate action by Congress. If the laws should be renewed, or their provisions extended, the Department would be pleased to furnish a statement covering certain administrative betterments suggested by experience in their enforcement. Of the appropriation of $160,000 for the administration of the Chinese-exclusion laws, there was expended for salaries and expenses SEORETARY OF THE TREASURY. 41 - i ^ of officers, $110,482.35; deportation of prisoners, $46,940.44; miscellaneous expenses, $3,261.88; total, $160,684.67, leaving a deficit of $684.67. MARINE-HOSPITAL SERVICE. The Surgeon-General of the Marine-Hospital Service reports that 58,381 sick and disabled seamen of the merchant marine were treated during the fiscal year, being 2,026 in excess of the number in the previous year. There were 13,341 treated in hospital, the remainder being dispensary patients. There were 1,369 important surgical operations performed, requiring the use of anaesthetics. The Government owns and operates 21 marine hospitals, and oper-" ates two additional hospitals in leased buildings (New York, N. Y., and Dutch Harbor, Alaska). There are, besides, 115 relief stations, where patients receive hospital or dispensary treatment. Three relief stations of the second class were established during the year at the ports of Honolulu, Hawaii, and San Juan and Ponce^ P. R. Sanatorium for consumptives, Fort Stanton, N. MexThe equipment of this station is now near.ing completion, and the repair of the buildings and the improvement of the reservp^tion have proceeded as rapidly as possible. Patients admitted to hospital at other relief stations have been transferred as promptly as their condition would permit, with resulting benefit to the individual and diminution of the risk of infecting other beneficiaries of the Service. The station liiis been supplied with modern sterilizing apparatus with a view io preventing the infection of the sanatorium itself. There were 105 patients admitted to the sanatorium during the year. Eighteen were discharged cured, 42 improA^ed, 3 not improved, and 17 died. Purveying depot, New York.. The marine hospitals and quarantine stations in the United States, Hawaii, Cuba, Porto Rico, and the Philippines receive their supplies through the purveying depot. The Immigration and Revenue-Cutter Services and boats of the Coast and Geodetic Survey also receive some of their supplies through the depot. Nine hundred and seventythree requisitions were filled during the year. Aids 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 1,445 42 REPORT ON THE FINANCES. surfmen, of whom 81 were rejected, and the examination of 420 claims of surfmen for the benefits provided by the act of May 4, 1882; to the Revenue-Cutter Service, in the examination of 932 applicants for enlistment, of whom 155 were rejected; to the Steamboat-Inspection Service, i n t h e examination of 1,644 applicants for pilots' licenses; to the Coast Survey and Light-House Establishment, in the examination of 40 applicants for enlistment, of whom 11 were rejected, and to the Immigration Service, in the medical inspection of 472,111 immigrants, this inspection being conducted by officers of the Service at 29 ports of the United States. Personnel. The commissioned corps at the close of the fiscal year consisted of 106 officers, including the Surgeon-General, 29 surgeons, 23 passed assistant surgeons, and 53 assistant surgeons. Noncommissioned officers : Ojie hundred and eighty-eight acting assistant surgeons, which includes alfofficers of this grade in Cuba and the insular possessions, and 49 hospital stewards; hospital and quarantine attendants, 646. On December 15, 1899, the Surgeon-General designated three officers of the Service as a conimission to put into execution the provisions of the act of Congress, approved March 2,1899, providing for an investigation of leprosy in the United States. This commission has nearly completed its labors, having made exhaustive inquiry in every State, county, city, town, and hamlet in the United States, and will render its report for submission at the beginning of this session of Congress. Expenditures. The balance of the Marine-Hospital fund available at the commencement of the fiscal year was $773,313.42. The expenditures on account of the Marine-Hospital Service were $956,805.46. The amount available July 1,1901, was $726,752.74. The expenditures from this fund have been larger than usual on account of the growth of the Service and the increased relief furnished, and because Congress excluded marine hospitals from participation in the annual appropriations for repairs, furniture, fuel, light, and water, and special appropriations for improvements, these items being payable from this fund. The balance of the appropriation ''preventing the spread of epidemic diseases" available July 1, 1900, was $468,581.96; the appropriation act of March 3, 1901, $500,000; and repayments, $6,233.26, making a total available during the year of $974,815.22. The expenditures were $175,253.41 and the balance July 1, 1901, was $799,561.81. During the year there were 4,729 vessels inspected and 366 vessels disinfected at national quarantine stations. At the close of the fis SECRETARY OF THE TREASURY. 43 cal year the Marine-Hospital Service owned 13 complete maritime quarantine stations, and controlled 21 stations where inspection of incoming vessels is conducted by officers of the Service. F l o r i d a quarantine transferred to the Government. , The Surgeon-General reports that on August 1, 1901, the State authorities of Florida transferred their quarantine stations* and functions to the Marine-Hospital Service. They were accepted under the provision of section 8 of the act of Congress approved February 15, 1893, in like manner as the quarantine at Savannah, Ga., was accepted in 1900. One station. Mullet Key, was purchased under the act of Congress of June 6, 1900 ; the other stations were leased for a period of three years. Of the stations, thus acquired, six are equipped for disinfection, and are located at Fernandina, Miami, Key West, Mullet Key, Carabelle, and Pensacola; the other stations, five in number, are for inspection only. Recommendations for the purchase of these stations have been included in the estimates of appropriations for '1903. Texas border quarantine. On account of the continued prevalence of yellow fever and smallpox in the Republic of Mexico, the land quarantine at El Paso, Eagle Pass, and Laredo, Tex., has been maintained as in previous years, and the officers stationed there have exercised supervision over the entry into Texas of all persons from Mexico, and have cooperated in this work with the United States Immigration Service and with the State health authorities. There were 1,104 trains inspected, carrying 77,074 passengers, 186 of whom were detained for observation. Smallpox. The Surgeon-General reports that during the year smallpox has ^ occurred in every State and Territory in the Union with the exception of Arizona, from which nc reports have been received. The number of cases reported for the six months ended December 31, 1900, was 7,796, with 137 deaths, a mortality of 1.75 per cent. For the six months ended June 30, 1901, 30,710 cases were reported, with 552 deaths, a mortality of 1.79 per cent. For the whole year the number of cases was 38,506 and deaths 689, showing a mortality of 1.79 per cent, as compared with 15,053 cases and 735 deaths during the year ended June 30, 1900, a mortality of 4.8 per cent. Thus it is seen that while more than twice as many cases have been reported during the year just ended, the mortality has been less 44 REPORT ON THE FINANCES. than half that of the preceding year. This is probably explained by the fact that cases as well as deaths were more fully reported during the year just ended, while in the preceding year, although most of the deaths from smallpox were reported, there is no doubt a great many cases of the disease, for various reasons, were not reported. By this explanation the lower percentage, 1.79, is deemed nearer the correct mortality. As in previous years, the Marine-Hospital Service has rendered assistance to State and local boards of health by furnishing advice and detailing officers to make investigations and assist the State authorities in putting into execution proper regulations. The detail of officers made last year to Cape Nome and Dutch Harbor, under authority of an Executive order, was renewed this year, and in the spring of 1901 an officer was sent to make a careful investigation of smallpox conditions in southeastern Alaska. His report showed a widespread dissemination of smallpox in that region. In view of the unusual prevalence of smallpox throughout the United States, and to aid in a way in its suppression, two pamphlets relating to the diagnosis, prevention, and suppression of the disease, which were prepared by officers of the Service, were mailed to the health officers or other interested persons in towns where. smallpox was reported to exist. In this manner these pamphlets were sent to 2,100 towns, and into every State and Territory of the United States except one. Plague. The existence of bubonic plague in San Francisco, which was first reported on March 8, 1900, and of which mention was made in the last annual report, was confirmed by a commission appointed by the Department, consisting of three bacteriologists of the highest reputation who had had no previous connection with Government service. This commission reached San Francisco in February, 1901, and after an exhaustive investigation rendered a report so conclusive in its nature as to result in measures being taken to cleanse Chinatown, where the plague existed. In accordance with an agreement between the Department and the authorities of the State of California and city of San Francisco, the work of inspection, isolation, and disinfection in Chinatown, San Francisco, was carried on by a corps of physicians and employees of the State and city under the advice and direction of a surgeon and a corps of assistants of the Marine-Hopital Service. This work was completed on June 21, at which time 1,180 houses, containing 14,117 rooms, had been disinfected, the burden of expense falling upon the local and State authorities, the Treasury Department paying only the salaries and incidental expenses of its SECRETARY OF THE TREASURY. 45 own officers. Since the completion of the work, a skeleton organization has been maintained for the purpose of making examinations of the sick and dead in Chinatown, and assisting, when requested, in the disinfection of premises where cases are found. The number of cases found from March 8, 1900, to July 1,1901, was 34. Sixteen additional cases were reported between July 1 and November 15 of this. year. This disease during the year has been reported in the following countries: Cape Colony and Egypt, in Africa; Arabia, the Argentine Republic, Australia, Brazil, China, England, Formosa, Germany, Hawaiian Islands, India, Japan, Madagascar, Paraguay, Philippine Islands, Mauritius, Portugal, Reunion, Russia, Scotland, Straits Settlements, Turkey, and Wales—probably a wider dissemination than has ever been known in the history of the world. The large majority of the cases have occurred in India—more than in. all the rest of the world combined. From April 29 to November 3, 1900, 28,865 cases were reported, with 21,954 deaths. During the next six months, from November 4, 1900, to May 11, 1901, there were 506,395 cases, with 446,923 deaths, or for the period from April 29, 1900, to May 11, 1901, there were 535,260 cases and 468,877 deaths. These figures are only approximately correct, as no doubt many cases are not reported. Yelloio fever. There has been no yellow fever in the United States since the last annual report, and with the exception of a few cases that were reported in Natchez in November of last year, there have been no cases in this country since the fall of 1899. Reports have been received of the existence of yellow fever in Brazil, Colombia, Costa Rica, Cuba, France (on a steamship at Havre), Haiti, Jamaica, Mexico, Salvador, San Domingo, and West Africa. Brazil, Cuba, and Mexico furnished a very large majority of the cases. In Cuba, from July 1 to December 31, 1900, there were 1,279 cases, with 298 deaths, a mortality of 23.3 per cent; from January 1 to June 30, 1901, 114 cases, with 30 deaths, a mortality of 26.3 per cent. The plan of an international agreement of the American Republics for the sanitation of certain seacoast cities, with a view to the elimination of yellow fever, which has been referred to in two former reports, has progressed so far that, by invitation, a plan was submitted by the Surgeon-General to the chairman of the United States delegation for presentation to the conference of American States which convened in the City of Mexico October 22, 1901. Recognizing the importance of arriving at full and definite conclusions in regard to all questions concerning yellow fever, its etiol- 46 REPORT ON THE FINANCES. ogy, epidemic history, method of spread, and the effect of these conclusions on quarantine and quarantine regulations, the establishment within the Service of a yellow-fever institute has been approved. The object of this organization will be '' to collect all facts concerning yellow fever, to designate the specific lines of investigation to be made, and to make them." The members of the institute will be all the officers of the Marine-Hospital Service, and others specially qualified, who will become members by invitation. Foreign and insular quarantine. During the year maritime quarantine has been conducted in Cuba, Porto Rico, Hawaii, and the Philippines. Floating disinfecting plants are now stationed in Cuba at Havana, Matanzas, Santiago, and Cienfuegos, and a plant is now in course of construction at the port of Havana for use at Nuevitas. A floating plant has been stationed at San Juan, P. R., and another plant is now completed at Philadelphia for use at the port of Ponce, P. R. Disinfecting machinery has been installed on the channel wharf at Honolulu, Hawaii, and extensive repairs are under way at the quarantine station at Mauliola Island. Inspection stations are also operated at Hilo, Kahului, and Kihei. Repairs and improvements have been made at Mariveles quarantine station, near Manila, P. I., including the construction of a wharf, with disinfecting machinery installed thereon, rendering this one of the best equipped quarantine stations under the control of the Service. Medical officers have been on duty at the ports of London, Liverpool, and Naples, in Europe, and also at Quebec, Canada. The inspection of the 7 fruit ports of Central and South America, namely, Belize, British Honduras; Livingston, Guatemala; Puerto Cortez, Honduras; La Ceiba, Honduras; Bluefields, Nicaragua; Port Limon, Costa Rica, and Bocas del Toro, Colombia, has been reestablished for the purpose of inspecting all vessels bound from said ports to ports in the United States, with a view to facilitating the transportation of fruit without endangering the public health. The following shows the number of officers under the foreign quarantine division: Divisions. Hawaii P o r t o Rico. Philippines. Cuba Commissioned. Acting Hospital assistant stewards. surgeons. SECRETARY OF THE TREASURY. 47 Officers have also been on duty at the ports of Vera Cruz, Progreso, and Tampico, Mexico; Rio de Janeiro, Brazil; Hongkong, China, and Yokohama and Kob6, Japan. Hygienic laboratory. One hundred thousand doses of the vaccine for bubonic plague were made in the hygienic laboratory. This vaccine, known as Haff_ kine prophylactic, is an efficient preventive against this disease. It was sent to the Philippine Islands, to Hawaii, and to all our ports on the Pacific coast. Horses were treated in order to obtain a curative serum for yellow fever, plague, typhoid fever, and pneumonia, with varying success. Studies were made with the bacillus causing bubonic plague in order to determine its viability under all possible conditions. The results of these experiments have a direct practical bearing upon quarantine practice. Experiments were also made with sulphur dioxide and formaldehyd gas, in order to determine their value as disinfecting agents. The last Congress appropriated the sum of $35,000 for a new laboratory for the investigation of infectious and contagious diseases and matters pertaining to the public health. The preliminary plans for the construction of the building are now being drawn. The laboratory long ago outgrew its present quarters, and the new building will present '*'he possibilities of more work and an enlarged scope, the need of which has been long felt. Legislation. The Surgeon-General recommends an appropriation for the establishment of marine hospitals at New York and Buffalo. These recommendations are approved and estimates therefor will be submitted. The Surgeon-General also invites attention to the provision by the last Congress for a hygienic laboratory of the Marine-Hospital Service and to the investigation of matters relating to the public health demanded by the terms of the act. This, together with the enforcement of the national quarantine laws and other duties relating to the public health, has caused him to recommend appropriate legislation to increase the efficiency of the Marine-Hospital Service as a public health service. In this recommendation the Department concurs. 48 REPORT ON THE FINANCES. REVENUE-CUTTER SERVICE. The following is a summary of the work performed by vessels of the Revenue-Cutter Service during the year: Distance covered in nautical miles. 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 Value of vessels assisted and their cargoes Vessels in distress assisted , Persons on board vessels assisted Persons in distresr taken on board and cared for .; 297, 810 " 178 22, 563 178 |29, 285 |2, 697, 825 107 1, 581 101 Personnel. The attention of Congress has been repeatedly called to the necessity for providing a retired list for the aged and infirm officers of the Revenue-Cutter Service, and the enactment of a measure of relief earnestly urged. In the last annual report, when referring to this subject, it was said: 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 ho 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 Avith 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 Revenue-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 SECRETARY OF THE TREASURY. 49 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. The same bill will be presented to the Fifty-seventh Congress, and its enactment is again urged, for without legislation to meet the conditions referred to the efficiency of the Service must be badly crippled. One-third of its vessels can not be officered to-day in accordance with law, and this condition must grow worse with time. Attention is again invited to the following, contained in the last annual report: In addition to the depletion of the personnel because of advanced age and physicial 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, R. C. S. (Stat. L., vol. 28, p. 172, ch. 174, 1894); two captains as superintendents of construction, life-saving stations (sec. 4249, Rev. Stat.); ten other officers, R. C. S., as inspector and assistant inspectors of life-saving stations (act approved June 18, 1878). 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, Revised 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, 13; total, 27. This takes no account of the number of officers assigned to superintendence of constructions of 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 from 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, Revised Statutes, be so amended as to authorize an increase in the number of officers necessary. Vessels. Attention is again invited to the absolute necessity for providing a number of new vessels to replace old ones of the fleet. The old, obsolete, and in other respects inefficient vessels in the RevenueFI1901 4 50 REPORT ON T H E FINANCES. . Cutter Service are a source of constant anxiety, not only because they are not adapted to the work of the Service and can not be depended upon in emergencies, but because the annual expenditures required to keep them afloat and in commission can only be justified upon the ground that the active presence of cutters on stations is essential to the public interests. These vessels are anything rather than efficient revenue cutters; they are discreditable t o t h e Department and furnish subject for criticism. Of this class are the following : The Woodbury, constructed in 1864: Original cost, $92,000; since for repairs, $94,339; total cost to June 30, 1901, $186,339. The McLane, purchased in 1865: Original cost, $36,000; for repairs, $117,876; total cost to June 30, 1901, $153,876. The JZam?^^i^07i, constructed in 1871: Original cost, $65,000; for repairs, $103,567; total cost to June 30, 1901, $168,567. The Boutwell, constructed in 1873: Original cost, $70,000; for repairs, $54,490; total cost to June 30, 1901, $124,490. It is plain that further expenditures on these old vessels should not be continued longer than it will take to provide new ones to supply their places. It is, therefore, recommended that new vessels be constructed to replace those above named, at a cost for each of $175,000. This will require an appropriation of $700,000. Bering Sea and Alaska. The annual cruise for the protection of the seal herd by the Bear, Thetis, Manning, Grant, and Rush, designated by the President for the purpose, was in course of execution at the close of the year, and other work in Alaskan waters will detain some of the ships named until early in December of the present fiscal year. NAVIGATION. The report of the Commissioner of Navigation shows that on June 30, 1901, the merchant^ marine of the United States, including all kinds of documented shipping, comprised 24,057 vessels of, 5,524,218 gross tons. On June 30, 1900, it comprised 23,333 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 1901, compared with the fiscal year 1900, and also the construction for the two years: 51 SECRETARY OF T H E TREASURY. COMPARISON OF 1900 AND 1901. . 1901. 1900. Number. Gross tons. Number. 16,532 2,727,892 2,203 14 3,167 1,417 601,212 11,692 1,565,587 258,456 16,744 25 2,387 64 3,253 1,584 2,849,342 5,297 676,682 37,149 1,706,294 249,454 23,333 5,164,839 24,057 5,524,218 Sail: (a) Wood I r o n and steel 16,139 141 2,290,196 216,846 16,469 174 2,340,908 262,357 Total 16,280 2,507,042 16,643 2,603,265 Steani: Wood Iron and steel 5,969 1,084 1,281,812 1,375,985 6,214 1,200 1,282,293 1,638,660 7,053 2,657,797 .7,414 2,920,953 647 2,362 735 2,677 3,412 ^83,068 586,840 3,009 73,383 548,817 622,200 124 214 992 . 271,378 69,964 485,352 161 194 972 366,617 63,105 459,407 1,330. 826,694 1,327 889,129 960 5,755 15,288 1,104,607 1,211,848 • 2,021,690 1,039 6,020 15,671 1,272,043 1,219,188 2,143,858 22,003 4,338,145 22,730 4,635,089 804 303 125 215 207,652 41,354 130,611 14,173 823 271 175 311 236,948 54,568 169,085 22,888 1,447 393,790 1,580 483,489 494 10 87,557 28,903 514 12 104,419 21,746 342 80 38 34,580 167,948 4,492 405 101 79 37,463 236,128 9,078 483 70,310 465 4 69,830 4,825 1,447 393,790 1,580 483,489 Gross tons. GEOGRAPHICAL DISTRIBUTION. Atlantic and Gulf coasts P o r t o Rico Pacific coast Hawaiian Islands Nortliern lakes i Western rivers Total POWER AND MATERIAL. Total Canal boats Barges Total .- 669 908 TRADE. Registered: Steani, iron and steel Steani, wood Sail, wood and iron and steel (6) ; Total Enrolled and licensed: Steani, iron and steel Steam wood ... . Sail, wood and iron and steel (<x) Total.. CONSTRUCTION DURING THE YEAR. Geographical distribution. Atlantic and Gulf coasts Pacific coast N o r t h e r n lakes Western rivers Total Power a n d material. Sail: Wood Steel Steam: • Wood Iron and steel Canal boats Barges: Wood Steel : Total a Including canal boats and barges. b Including barges. V^ith the additions of the past few months, our merchant shipping now exceeds the former maxiinum of 5,539,813 gross tons in 1861. The total is surpassed only by that of the United Kingdom, 14,064,152 gross tons, Germany's shipping aggregating 3,244,208 gross tons. 52 REPORT ON THE FINANCES. American vessels are almost wholly engaged on the lakes, rivers, and harbors, o or along the coasts of the United States. On mid-ocean we have one line of four steamers crossing the Atlantic to Europe; two lines of seven steamers crossing the Pacific to Asia, and one line of three steamers to Australia. South of the Caribbean Sea and the Isthmus there is no regular communication by American steamers with either coast of South America. By means of a reasonable share of the trade with the nearby ports and islands of North America, American vessels last year carried 8.2 per cent of our exports and imports. This percentage is the smallest in our history. Our position on the sea, except as a naval power, is insignificant. Great Britain and France for many years, and Germany, Italy, Japan, and other nations for some years, have had lines of large, fast steamers regularly connecting their ports with North and South America, Asia, Africa, Australia, and Europe, respectively. For the national services of such lines these foreign governments now contribute about $20,000,000 annually. Usually the contributions take some form of payment for carrying the ocean mails. These steamers and their crews are part of the scheme of defense of each nation. They bear a relation to its navy resembling the relation of our State militia to the Army of the United States. Expenditures, are so adjusted by each nation as to secure a complete ^nd improving ocean mail service under the national flag. Thus, for its lines to Asia, Australia, and Africa, where trade is slowly built up, the German Government grants a subsidy equivalent at times to over 30 per cent of receipts from freights and fares, while its payments are small to its lines to New York, which have long been the trans-Atlantic toll bridge for hundreds of thousands of laborers crossing from Europe into the United States and for hundreds of thousands of tons of American farm products exported to Europe. These ocean mail contracts stimulate shipbuilding of the higher types and help to maintain a most important commercial instrumentality—regular and fast communication by sea. Repeatedly during the past twenty years my predecessors have recommended, as the first step toward the establishment of the American merchant marine in foreign trade, legislation to create similar lines of American mail steamers. An act for that purpose was passed in 1891, but its provisions were inadequate in some particulars and in others unscientific. Accordingly I renew the recommendation made in 1898 for a remodeling and extension of t h e a c t of March 3, 1891, relating to the carrying of ocean mails by American steamships, so that it shall meet requirements which have arisen since the law went into operation. The time is opportune and the conditions propitious for such legislation. Great and continuous appro- SECRETARY OF THE TREASURY. 53 priations for warships have created plants which can build ocean steamers of the highest class. Capital is abundant, and the energies of the nation are bent toward the increase of our foreign trade and of national prestige. There is no longer any reason why we should be dependent on the auxiliary navies of European powers for our ocean mail service. The establishment of a complete American ocean mail service to Europe, Asia (including the Philippines), South America, and Australia, similar to the national mail services of Great Britain, Germany, and France to the United States, Asia, Africa, and Australia, will in itself furnish the backbone for an American system of communication by sea. If we are at an early day to become a maritime power, such mail lines alone will not suffice. In my report for 1898 the establishment of a system of graded bounties upon the mileage navigated by American vessels while engaged in the foreign carrying trade was recommended. Our international obligations—to mention only one conclusive reason—preclude resort to discriminating duties or export bounties. Navigation bounties are employed by France, Italy, and Japan, but the relatively small results of the system in those countries throw no light on the probable results of that system in the United States. The naval program of France employs almost all of the shipbuilding resources of that nation; Italy pays an import bounty on coal, and rapid as has been Japan's development, the complicated industries involved in modern shipbuilding are as yet young in that country. The United States is the largest producer of steel and coal—a fact which alone guarantees our ultimate future as a shipbuilding nation. Our vast railroad systems no longer stop operations at salt water. Through ocean steamers controlled, if not owned, by them, they transport commodities under the same management from the interior across the seas to the distributing centers of the fields of consumption in Europe and Asia. Our power to produce has grown so fast beyond our power to consume that the problem of improved transportation :3 facilities to foreign markets is of greater importance to the inland producing States of the Union than to the seaboard commercial cities. The solution of the problem may contribute not only to the general wealth of the United States, but also to its development in new directions. From the beginning of Government, with brief interruptions^ our legislative policy has been to develop the sufficiency of the country to meet all its own needs. We build few ships for foreign trade; it is desirable that we should build many. We have very few ships under the flag in foreign trade; it is desirable that we should have.many. The obstacles are the relative cost of building ships here and in Great Britain, which in time will be overcome, and the relative pay of 54 REPORT Oir THE FINAKCES. crews on American and on foreign ships. Navigation bounties in the United States are justifiable only by present conditions, by the certainty that they will not long be required, by the fact that they need not in any year exceed the total cost of a couple of battle ships, and by the fact, conceded by our maritime rivals, that they will produce the results we desire. In legislation upon the subject it is recommended that Congress shall keep in view the fact that the expedient is temporary, and that prompt results are desired. During the past fiscal year the output of steel steamers in the United States has exceeded all previous records. During the current fiscal year the tonnage of ocean steel steamers under construction is double that of last year. The number of steamers of the largest types building from similar plans is especially encouraging for the future of shipbuilding. Nevertheless, a few months ago the largest single investment of American capital in shipping was made in transAtlantic steamers under the British flag. Including purchases by the ,Government for transports and colliers, American money within a "relatively short period has bought over 900,000 tons of foreign-built ocean steel steamers. By special legislation a small part of this tonnage has been admitted to American registry and a portion temporarily wears the colors of the Army or Navy. Nearly 700,000 tons remain under foreign flags. J n carrying capacity this fleet of merchant steamers under foreign flags owned by Americans exceeds the entire American tonnage registered for the foreign trade. The situation is without parallel in maritime commercial history. This tonnage is one of the most important factors to be considered in framing our national policy relating to ocean shipping. The subject has received some attention in recent reports of the Commissioner of Navigation, b u t for obvious reasons it can not be fully examined by an executive officer. It is within the power of Congress to make a thorough investigation into all the facts. Such an investigation can not fail to exercise an influence on the solution of our shipping question. It should not delay any action which Congress may see flt to take upon the suggestions already offered. The collection of tonnage taxes during the flscal year ended June"" 30, 1901, amounted to $903,138.38, compared with $880,482.32 for the previous fiscal year. The collections in Porto Rico, which are a distinct fund, amounted to $11,162.12. The tonnage-tax laws should be revised. The estimates of the Department contain an appropriation for the proper maintenance of the offices of shipping commissioners. Under the decision of the Supreme Court of the United States, provision should be made for the purpose. The various matters mentioned and others relating to our shipping SECRETARY OF T H E 55 TREASURY. interests are considered in detail in the report of the Commissioner of Navigation, to which attention is invited. STEAMBOAT-INSPECTION SERVICE. The expenditures of the Steamboat-Inspection Service for the fiscal year were: For salaries, $297,902.18; contingentexpenses, $55,461.70, there being an increase in contingent expenses over previous year of $4,653.38. Travel and mileage amounted to $45,646.51, an increase of $3,749.86. The increase in traveling expenses is accounted for in part by visits of local inspectors to Hawaii and Porto Rico for the purpose of licensing vessels brought under the American flag. Nine thousand one hundred and seventy-three vessels, with a tonnage of 4,843,227, were inspected and certificated, as against 9,253 in 1900, with a tonnage of 4,507,648, a decrease of 80 vessels and an increase in tonnage of 335,579. H The inspections of the year are classified as follows: Foreign passenger steamers, 341, with a gross tonnage of 1,376,243; domestic steam vessels, 8,227, with a gross tonnage of 2,906,136; motor vessels, 100, with a gross tonnage of 4,716; and sail vessels and barges, 505, with a gross tonnage of 556,132. It is estimated that about.43,000 officers of steam vessels hold fiveyear licenses. Of this number, 5,096 received their licenses during the present fiscal year, the remainder in 1897, 1898, 1899, and 1900. There were 2,223 applicants for masters', mates', and pilots' licenses, 69 of whom were found to be color-blind and were rejected. Five thousand eight hundred and thirty-seven boiler plates were examined by assistant inspectors at the mills, under the act of January 22, 1894; 657 were rejected as being defective, and 5,180 were accepted. There was an increase of 413 plates inspected over the previous year. ANNUAL CERTIFICATES OF INSPECTION ISSUED TO FOREIGN STEAM VESSELS BY INSPECTORS DURING THE FISCAL YEAR 1901. Nationality. Number. Gross tonnage. 201 53 18 14 12 11 9 5 718,812 360,588 18,926 55,507 66,750 45,961 32,648 18,684 Britisli German Norwegian Dutch French Belgian — Italian Spanish— Nationality. Gross Number. tonnage. Chilean Japanese... Cuban Danish Portuguese. Total. 11,244 21,177 8,641 9,355 7,950 341 1,376,243 There were 47 accidents during the fiscal year, being 14 more than in the preceding year. The number of lives lost was 340, which exceeds that of the previous year by 134. This increase is almost 56 REPORT ON THE FINANCES. entirely accounted for by the loss of the steamer Rio de Janeiro in the harbor of San Francisco, February 22, during the prevalence o f a dense fog. COAST AND GEODETIC SURVEY. The annual report of the Superintendent of the United States Coast and Geodetic Survey, fully illustrated with maps and diagrams, is made under law to Congress at each session, and shows in detail the persons employed, the work accomplished, and the expenditures under the annual appropriations. The appropriations made for the Survey on account of the fiscal year 1901 amounted to $902,830. Of this amount, $10,885 was for the use of the Office of Standard Weights and Measures, which by later legislation has been merged into the National Bureau of Standards; $60,000 was for thgp rebuilding of the Survey steamer A. D. Bache., and the sum of $20,000 for the building of a small steamer; while $210,245 was for the pay of the officers and men of the Coast and Geodetic Survey vessels, $54,600 being for repairs of vessels. For office expenses, including the purchase of new engraving machines, the sum of $38,000 was provided, and the remainder of the appropriation was about equally divided between party expenses and salaries. Hydrographic and topographic surveys were made in 19 States. In Alaska, surveys were made along the coast of Seward Peninsula, including Port Clarence and Norton Sound. The survey of Prince William Sound was continued, and toward the end of the year the important work of surveying the principal passes through the Aleutian Islands into Bering Sea was begun, as well as the survey of Icy Straits and Cross Sound. In Porto Rico hydrographic work was continued in the harbors and bays and offshore. The triangulation around the island and topographic surveys of the shore line were continued. The topographic survey of Yieque Island was completed. In the Hawaiian Islands the work of separating the records relating to the coast survey from the land-office records was begun, and also the compilation of a list of the geographic names used in the islands. A suboffice was established in Manila, P. I., and the director of surveys in the Philippine Islands, under instructions, prepared and printed preliminary charts and such other information from the surveys made under his direction as would be useful to mariners. Astronomical observations were made at 14 stations, and the longitude, latitude, and azimuth determined. Magnetic observations were also made at these stations, and tide observations were made in ten different places. Three charts and three notices to mariners SECRiETARY OF THE TREASURY. 57 were issued. Six additional charts (four from Coast and Geodetii Survey work, and two Spanish charts needing republication witl additions) were ready for publication on July 1. A steamer war purchased by the Philippine Commission for the use of the Coast and Geodetic Survey, and money was appropriated by the Commission to repair and equip this vessel. Good progress has been made with the general magnetic survey, and observations were made at 374 stations in 30 States and Territories, including Alaska, Porto Rico, Hawaii, and the Philippine Islands. In southeastern Alaska places have been examined where local magnetic disturbances affect the compasses of passing ships to such an extent as to endanger navigation. A magnetic observatory has been established in Maryland, and sites for others have been selected in Alaska and Hawaii. In addition to their regular work, these will cooperate, at the formal request of the German Government, with the international magnetic work to be carried out during the time of the various antarctic expeditions which have been sent out from Germany and Great Britain. A special report on '' The Eastern Oblique Arc of the United States " has been prepared for publication. It is an important contribution to the subject of geodesy. In the prosecution of the field work during the last season nine base lines were measured along the ninety-eighth meridian with primary accuracy and unrivaled speed and economy. In addition to other field and office work, continuous tidal stations were maintained in this country at 6 stations and at 1 in the Philippines, and tide tables for 1902 were published, giving predictions for 70 principal and about 3,000 subordinate stations throughout the world. Owing to the Spanish war, officers engaged in the preparation of the Coast Pilots were detached, the work was interrupted, and some time was required to reorganize this special branch of the Service. During the fiscal year the CoasJ) Pilot relating to southeast Alaska was thoroughly revised in the field and prepared for the printer. The field revision of the Coast Pilot between San Diego and San Francisco was completed and new editions of sections relating to the Atlantic coast were published, and the revision and issue of other numbers are progressing as fast as the available force will permit. Satisfactory results have been obtained at the astronomical observatories maintained under the direction of the Survey at international expense, at Gaithersburg, Md., and Ukiah, Cal., for the purpose of determining the variation of latitude. Speed trial courses for the use of ships and torpedo boats were established in Delaware and Chesapeake bays, and the Santa Barbara channel course was extended. 58 REPORT ON THE FINANCES. One officer of the Survey continued to serve as a member of the Mississippi River Commission, another was sent to the meeting of the International Geodetic Association held at Paris, France, in September, 1900, as the representative of the United States, and others investigated the method of making hydrographic surveys and the printing of charts in foreign countries. In the demarcation of the provisional boundary between Alaska and British Columbia, one officer acted as commissioner. Two officers of the Survey were appointed by the United States Supreme Court as members of a commission to re-trace and mark the boundary line between the States of Virginia and Tennessee, and one officer was engaged on the resurvey of Mason and Dixon's Line under an assignment requested by the commission of the States of Maryland and Pennsylvania. NATIONAL BUREAU OF STANDARDS. In the last annual report reference was made to an attempt to enlarge and reorganize the Office of Standard Weights and Measures, in order to meet the present requirements of scientific and commercial interests. In a letter to the Speaker of the House of Representatives, dated April 18,1900, a draft of a bill was submitted providing for the establishment of a National Standardizing Bureau, together with a statement of the conditions necessitating such legislation. This bill received a favorable report by the House Committee on Coinage, Weights, and Measures, and was under consideration by the Senate Committee on Commerce at the adjournment of the first session of the Fifty-sixth Congress. A great deal of interest was taken in this measure by manufacturers, scientists, and others throughout the country, and it was favorably considered.in a somewhat modified form by Congress during the last session, and approved March 3,1901. The act provides that the Office of Standard Weights and Measures shall be known as the National Bureau of Standards, the functions of which are as follows: 1. Custody of the standard. 2. Comparison of the standards used in'scientific investigations, engineering, manufacturing, commerce, and educational institutions with the standards adopted or recognized by the Government. 3. The construction, when necessary, of standards, their multiples and subdivisions. 4. The testing and calibration of standard measuring apparatus. 5. The solution of problems which arise in connection with standards. 6. The determination of physical constants and the properties of materials when such data are of great importance and not to be obtained of sufficient accuracy elsewhere. SECRETARY OF THE TREASURY. 59 The Bureau will exercise its functions for the Government of the United States, for any State or municipal government m t h i n the United States, or for any scientific society, educational institution, firm, corporation, or individual within the United States requiring the use of standards or standard measuring apparatus. For all comparisons, calibrations, tests, or investigations, except those performed for the Government of the United States, or State governments within the United States, a reasonable fee will be charged. Provision was also made for the purchase of a site, the erection of a suitable laboratory, its equipment with the most improved facilities, and the personnel necessary for the organization of the Bureau. Although the bill did not become fully opetative until July 1,1901, preliminary plans were immediately prepared by the Office of Standard Weights and Measures for carrying out the provisions of the act. This involved the examination of numerous sites, and investigations as to equipnient, personnel, and the immediate development of some of the more important lines to be taken up by the new Bureau. Preliminary investigations were made as to the construction and equipment of the more important laboratories of this and other countries, and of the work that must of necessity be developed as soon as possible after the organization of the new Bureau. A large number of sites were carefully inspected with reference to their accessibility and freedom from mechanical and electrical disturbances, in order that a selection might be made as soon as possible after July 1, 1901. The site selected for the buildings consists of nearly eight acres in the northwest section of the District of Columbia, near Connecticut avenue and the three-mile circle. It has an elevation of 350 feet and is one of the most desirable building sites in the District of Columbia. Plans are being prepared for a physical laboratory, which wilT be equipped with apparatus and conveniences for carrying on investigations, and for testing standards and measuring instruments of all kinds. Plans are also being prepared for a somewhat smaller building, to be known as a mechanical laboratory, which will contain the, power and general electrical machinerj^, the instrument shop, refrigerating plant, storage batteries, dynamos for experimental purposes, and laboratories for electrical measurements requiring heavy currents. The construction of the buildings will be pushed as rapidly as possible, and it is expected that the smaller building will be ready for occupancy by July 1, 1902, and the larger building by January 1, 1903. In the meantime additional quarters have been secured in the building occupied by the former office of Standard Weights and Measures, with a view to the organization of the Bureau and the immediate development of the more needed extensions of the work 60 REPORT ON T H E FINANCES. heretofore carried on, such as photometric measurements, the testiig of instruments for determining high or low temperatures, clinical f liermometers, chemical glass measuring apparatus, electrical apparatus used to measure alternating currents, pressure gauges, and I iieteorologicah instruments. On account of the many requests for information received from Congressional committees and individuals in public and private life, the work of the Office of Standard Weights and Measures was greatly increased. Nevertheless, the regular work of the office was not'' allowed to suffer, and the usual number of adjustments and verifications of apparatus were made for the Executive Departments, for the States, and for others. Numerous requests for information concerning the origin and present status of the metric system were received during the year, and if the Department is to judge by the amount of interest excited, the country is at last awakening to the commercial advantages of the system in its transactions with European and South American nations. The use of this system in the Philippines, Porto Rico, and Cuba, and the close relation existing between those islands and the United States since the war with Spain have doubtless much to do with the interest now manifested by those engaged in commercial pursuits in this country, and Congress is again urged to give this contemplated reform in our weights and measures the 'attention, its importance merits. LIGHT-HOUSE ESTABLISHMENT. The following table shows increase of the Light-House Establishment during each of the last ten years: INCREASE FROM 1892 TO 1901, Aids to navigation. Li^ht-houses and beacon lights Light-vessels Post lights Tenders Beacons Buoys Light-keepers Other employees Laborers at post lights Clerical force, exclusive of draftsmen, , messengers, etc INCLUSIVE. 1893. 1894. 1895. 1897. 1898. 1899. 1900. 932 951 39 36 1,692 1,750 40 38 420 419 4,446 4,491 1,136 1,139 821 870 al,571 al,503 953 45 1,777 40 414 4,608 1,190 880 1,352 1,014 1,091 1,116 47 45 46 1,793 1,765 1,779 41 38 39 424 422 424 4,732 4,875 4,934 1,203 1,253 1,292 1,078 1,108 1,144 1,364 1,360 al,859 1,179 50 1,739 44 439 4,959 1,339 1,226 1,356 1,199 53 1,775 47 475 4,977 1,373 1,249 1,363 1,243 52 1,783 47 496 5,035 1,394 1,256 1,382 1,306 53 1,827 47 752 5,081 1,420 1,428 1,574 21 21 23 25 1892. 21 21 21 21 1896. 21 21 1901. a Several persons were employed at the same light at different times during the year. 61 SECBETAEY OF THE TEEASUEY. APPROPRIATIONS, GENERAL AND SPECIAL, FOR THE LIGHT-HOUSE FOR E A C H OF THE P A S T T E N YEARS. 1893. 1894. 1895. 1896. $2,320,831.17 181,423.55 $2,558,543.00 389,500.00 $2,560,682.56 484,176.22 $2,647,163.14 542,350.00 $2,758,999.02 488 700 00 2,502,254.72 2,948,043.00 3,044,858.78 3,189,513.14 3,247,699.02 1898. 1899. 1900. 1901. 1902. $2,913,698.42 387,500.00 $3,077,559.68 459,332.50 $3,221,495.29 724,390.00 $3,512,412.97 548,970.00 $3,491,000.00 1,178,829.16 3,301,198.42 3,536,892.18 3,945,885.29 4,061,382.97 4,669,829.16 Appropriations. General Snecial Total Appropriations. General Special ESTABLISHMENT Total 1897. The increase in the cost of materials, higher wages for labor, and the operations of the eight-hour law and of the tariff, under which the Light-House Establishment is required to pay duty on all of its importations, especially of illuminating apparatus, on which 45 per cent is charged, swell the cost of the construction, repair, and maintenan"ce of light-houses, light-vessels, fog signals, and buoys much beyond that of former years. There are nowin operation 1,306 light-stations, others are in process of construction, and recommendations have been' made to Congress by the Light-House Board" that authorization be granted for the building of others. The appropriation for supplies of light-houses for 1902 was $475,000. The Department approves the recommendation of the Board that $502,886 be appropriated, to be expended for that purpose in the hext fiscal year, this amount being based on careful calculation as to actual needs. The appropriations for the repair, etc., of light-houses have not kept pace with those for the establishment of new light-houses. For the first century in the history of the Light-House Establishment it cost the Government $93,238,925.80, from $22,591.94 in 1791 t6 $3,503,994.12 in 1890, and for the last ten years $34,447,556.68, from $2,502,254.72 in 1893 to $4,669,829.16 in 1902. The average for each of these ten years is $3,444,755.67. The total appropriated for lighthouse purposes for the last five years was $19,515,188.02, and the appropriations during the last ten years for the repair, etc^, of lighthouses aggregated $5,495,000. The average for each of these years was $549,500. The sum appropriated for repairs, etc., of lighthouses for the last five years was $3,095,000, the ayerage for each year being $619,000. These figures indicate that there should be a different ratio between the amounts appropriated for the establishment of new light-houses and those for the repair of light-houses previously built. The Department approves the Board's recom- 62 REPORT ON THE FINANCES. mendation that $750,000 be appropriated fo>r repairs, etc., of lighthouses during the next fiscal year. The increase in the number of light-houses makes an increase in the number of light-keepers necessary. For the last fiscal year Congress appropriated $785,000 for not exceeding 1,600 keepers. For the present fiscal year an appropriation of $833,000 is necessary, to enable the Board to pay not exceeding 1,700 keepers. Maritime interests induced the Light-House Board to send a committee of officers of the Army and Navy in its service to ascertain the most urgent needs of commerce and navigation in Alaskan waters and their cost. These officers, after visiting Alaska, recommended the establishment of 15 light-houses and fog-signals in southeastern and western Alaska, at an estimated cost of $506,512. Meantime, the Board had recommended an appropriation of $500,000 for this purpose.. Congress, however, appropriated but $300,000. The Board, therefore, reduced the amount in the report made to it by its own officers, and proposed the establishment of 10 out of the 15 light-houses recommended, but at an estimated cost exceeding the $300,000 appropriated. The Board now asks that $126,013 more be appropriated to enable it to establish the 10 light-stations contemplated. The recommendations of the Light-House Board regarding expenses of fog signals, lighting of rivers and maintaining the Porto Rican Light-House system deserve the favorable ^ attention of Congress, and especial attention is invited to the Board's recommendations as to the needs for additional light-house tenders. LIFE-SAVING SERVICE. The annual report of the General Superintendent of the LifeSaving Service shows the most satisfactory results attained in its history. The loss of life within the scope of station operations during the past year on documented vessels was the smallest the Service has ever experienced since its general extension to the coasts of the country, and the same is true with respect to vessels of all classes, including the undocumented (rowboats and other small craft), with four exceptions—the years 1880, 1882, 1885, and 1888. Compared with these years, the loss of life during the past year was the smallest in proportion to the number of casualties. During the year 1880 there was one life lost in every 41 casualties, in 1882 one in every 29, in 1885. one in every 34, and in 1888 one in every 32, while during the last year the loss was only one in every 45. The average number of lives lost annually during the entire period was 37, one life being lost in every 13 casualties. During the last year SECRETARY OF THE TREASURY. 63 the number of lives lost was 17, while but one life was lost, as stated above, in every 45 casualties. The number of lives lost on documented vessels was only 7. The Service embraced at the close of the year 270 stations, of which number 195 were situated upon the Atlantic and Gulf coasts, 58 upon the coasts df the Great Lakes, 16 upon the Pacific coast, and one at the Falls of the Ohio, Louisville, Ky. The number of disasters to documented vessels was 377. On board these vessels were 2,848 persons, of whom 7 were lost. The estimated value of the vessels was $5,263,420, and that of their cargoes $2,090,580, making the total value of imperiled property $7,354,000. Of this amount, $6,405,035 was saved and $948,965 lost. Forty-three vessels were totally lost. The number of disasters to undocumented craft was 393. On board these vessels were 927 persons, 10 of whom were lost. The value of property involved is estimated at $213,540, of which sum $160,240 was saved and $53,300 lost. The following statement shows the aggregate of casualties to vessels of all descriptions within the scope of the Service, with value of property and number of persons involved, etc.: Total number of disasters Total value of property involved Total value of property saved Total value of property lost Total number pf 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; : 770 $7,567,540 $6,565,375 $1,002,265 3,775 17 647 1,214 43 There were rescued during the year from positions of danger otherwise than from vessels 69 persons, the most of whom would prpbably have perished but for the aid of the surfmen. The life-saving crews saved or assisted in saving 422 vessels, valued, with their cargoes, at $3,139,010. Of this number, 315, valued, with their cargoes, at $987,215, were saved, with loss or damage of only $13,820, without outside assistance. In 107 instances the life-savers cooperated with wrecking vessels, tugs, and other agencies in saving vessels and cargoes of the estimated value of $2jl51,795, of which $156,420 was lost. Assistance of minor importance was afforded in 529 instances to other vessels in distress, and 210 were warned away from, dangerous places by the night signals of the patrolmen and 21 by day signals. The circumstances show that many of the vessels that received warning were large. Estimating their average value, however, at the small sum of $10,000 each, would make a total of more than $2,000,000 of property imperiled, regardless of the value of cargoes, and reck- 64 REPORT ON THE FINANCES. oning the average number of persons on board each as only 10 would make upward of 2,000 livesJ.n danger. The net expenditure for the maintenance of the Service during the year was $1,640,013.74. The new station mentioned in the last report as in course of construction at Gloucester, Mass., was completed during theyear. The old station at Harvey Cedars, N. J., which had become unsuitable for further use, is being replaced by a new building. The station at Manomet Point, Mass., has also been replaced, for the same reasons, by a new building, completed during the year. New stations are in course of construction at South Manitou Island and Sleeping Bear Point, Mich. Since June 30, 1901, contracts have been entered into for rebuilding the station on Monomoy Island, Mass., and that at Amagansett, Long Island. Work is being prosecuted for this Service at Buffalo, N. Y., under the supervision of the Engineer Department, U. S. A., on an opening through the south pier of Buffalo River, for a launch way to be built in connection with a new life-saving station which it is proposed to construct at that place in the near future. The Southampton Station, Long Island, was moved to a new site better located for the purposes of the Service. Sites have been selected for the stations authorized by law to be established on Fishers Island, N. Y., and at Cape Ann, Mass. A new site was also selected for the Crumple Island Station, Me. Action looking to the acquisition of title to these sites has been taken. Extensive repairs were made to stations on the Massachusetts, Long Island, Yirginia, and North Carolina coasts during the year. The increase of the Service upon the Pacific coast, where the distances to be traversed by inspecting officers are long, the means of conveyance limited, and the stations difficult to reach, has necessitated the division of the district into two inspection sections and the assignment to that coast of an additional inspector. The General Superintendent again calls attention to the inadequate compensation of the district superintendents, whose salaries now range from $1,500 to $1,800 per annum. These officers are the paymasters for their respective districts, and are required to give bonds ranging from $10,000 to $50,000. Since 1882, when their salaries were fixed, the Service has been greatly extended and the number of stations in every district has been increased—in several districts 100 per cent or more, in several others more than 50 per cent. The duties, as well as the fiscal responsibilities involved, have been correspondingly augmented, and in consequence several of these officers are to-day obliged to employ clerical assistance at their own expense. The sum of $2,500 per a n n u i \ for each district superintendent, which the General Superintendent recommends, would seem to be no moro SECRETARY OF THE TREASURY. 65 than just, considering his fiscal responsibility and the serious and exacting nature of his duties. A proposition for substantially this increase has passed both houses of Congress on different ^occasions, but unfortunately failed to beconie a law. SECRET SERVICE. The Secret Service Division is in a satisfactory condition. The -counterfeiting of notes has been reduced to the lowest point known in its history. While the wording of the appropriation act which supports the field force of the division restricts the operation of its employees to the suppression of counterfeiting, there has been a gradual but marked growth in the demand for the services of expert operatives to investigate miscellaneous frauds and violations of the Federal statutes for which no specific appropriation has been made. In all such operations the expenses incurred have been borne by the Department for which the investigation has been made, but there have been numerous cases which should have had the prompt attention of governmental agents, which could not be investigated for the reason that no appropriation existed from which per diem and incidental expenses of the employees could be met. In connection with the suppression of coiinterf citing, the chief of the division has suggested a habitual criminal act, providing for additional punishment of persons convicted of more than one offense against the counterfeiting laws. The suggestion meets Avith the Department's approval. The average number of counterfeiting cases now handled annually is about 600, and of this number nearly 50 per cent are those of persistent and habitual violators of these laws. Favorable consideration of the proposed legislation, it is believed, would reduce the crime of counterfeiting to the minimum. STATE BONUS 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 $132,000.00 37,000.00 58,000.00 ,.... 125,000.00 335,666.66f 594,800.00 Total 1,282,466.661 The above is a statement of the principal of such stocks and bonds, and does not include interest. The indebtedness of the State of Tennessee, included in the above FI1901 5 66 REPORT ON THE F I N A N C E S . 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 effected by virtue of the act shall be reported to Congress for its action and approval. . By section 4 of the act of March 3, 1899 (30 Stat., 1358), the Secretary of the Treasury was authorized and dire^cted 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. CENTRAL PACIFIC DEBT. All amounts which have become due under the agreement dated February 1, 1899, for the settlement of the" indebtedness of the Central 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, 1901. The company has also anticipated payment of the note maturing February 1, 1902, and by application of amounts due for transportation has paid $1,799,338.36 on account of the principal of the note due August 1, 1902, so that there still remains to be paid only $1,141,297.42 on account of the principal of that note. The principal of all notes held August 1, 1901, amounted to $39,369,562.56, and first-mortgage bonds to the amount of $39,370,000 were held as security for the paj^ment thereof. 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, ahd the Attorney-General to make settlement and adjustment of the Sioux City and Pacific Railroad Company's indebtedness to the Government of the United States, and to that end to receive and determine upon any proposition or propositions from said Sioux City and Pacific Railroad Company, or from any other person or persons, corporation or corporations, and to sell or assign the mortgage given by said SECRETARY OF THE TREASURY. ' 67 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. Under this provision of law, the Commission empowered thereby has effected the sale of the claims, rights, and demands of the United States against the road on account of ^subsidy bonds issued by the Government in aid of its construction, amounting to $1,628,320, and has secured, it is believed, as full payment of the indebtedness of the road as possible. The total demand of the United States was $4,180,018.20, of which $1,628,320 was principal and $2,551,698.20 interest. After mature consideration, the Commission decided to offer the claim of the Government at auction; and, in pursuance of that decision, public notice was given in April, 1901, of the proposed sale of the rights and demands of the United States against the road at public auction on the 20th day of June, 1901. On that day the claim of the United States was sold to the Chicago and Northwestern Railway Company for $1,872,000 in cash paid by that company and $250,841.24 earned by the Sioux City and Pacific Railroad Company for transportation service performed for the United States, but surrendered by the company for application to its indebtedness. The total amount realized from the sale was $2,122,841.24., The rights of the United States consisted of a second mortgage on the road, which was a branch of the Pacific lines of only 101.77 miles; and purchasers were required to satisfy the claims of the holders of the first-mortgage bonds issued by the company equal in amount to the second lien of the United States. The total cost of the property was, therefore, $3,750,841.24. Under the terms of the sale the United States also retains any further amount earned by the road for transportation service performed for the Government to the day of sale. HAWAIIAN DEBT. Pursuant to the appropriation made by the act of March 3, 1901 (31 Stat., 1152), to carry into effect the agreement embodied in the joint resolution ' ' T o provide for annexing the Hawaiian Islands to the United States," approved July 7, 1898, interest-bearing bonds of the late Government of Hawaii, amounting, with accrued interest, to $2,247,331.15, have-been redeemed by this Department through the following agencies: First National Bank of Hawaii, at Honolulu United States Assistant Treasurer, at San Francisco. United States Assistant Treasurer, at New York Treasury Department, at "W'ashington Total , $1,199,392.55 952,704.92 20,092.00 75,141.68 2,247,331.15 68 REPORT ON THE F I N A N C E S . Since the last annual report certificates amounting to $263,490.92, issued by the chief executive of Hawaii, representing deposits made in the Hawaiian Postal Savings Bank, have also been redeemed. The remainder, of the indebtedness assumed by the United States unpaid November 15, 1901, of which the sum of $980,000 is represented by bonds held in London, not redeemable until January 1, 1902, is as follows: Outstanding honds Deposits in Hawaiian Postal Savings Bank Total $1,012,600.00 ^ 6,889.86 1,019,489.86 Notice has been given to the holders of these bonds in London that payment thereof will be made by the Department on and after January 1, 1902. .. _ PORTO RICO. The fiscal year ended June 30, 1901, witnessed the financial reconstruction of Porto Rico under civil government and the conversion of the island from a financially insecure dependency to a solvent, self-supporting communitj^ The initial step was the organization of a treasury department, in which were centered not only matters relating to the custody and disbursement of insular funds, but the conduct of the insular revenue system and the insular supervision . of municipal finances. An excellent system of accounting, modeled after that of the United States 'Government, had been established under military rule, and this was continued practically without change. Attention was next directed to the insular revenue system. Until the legislative assembly could be organized, no statutory changes were possible. But there was large room for administrative betterment, and strenuous efforts were made in this direction with gratifying results. Improved personnel and closer supervision increased the internal revenues of the island, reduced frauds and irregularities, and developed a new state of public opinion as it became evident that the revenue laws of Porto Rico were thenceforth to be regarded as somethin^g more than archaic literature. Yet every day made it apparent that if American administration in Porto Rico was to attain its highest possibility an early financial reconstruction upon lines of financial stability and social justice was . imperative. Promptly upon the convening of the insular legislature, a revenue measure, framed in accordance with the modern, principle of taxation according to tax-paying capacity, was presented, and after intelligent discussion was enacted into law on January 31,1901. The act imposed a moderate direct tax upon assessed property, reasonable excises upon luxurious and injurious consumption, and a progressive collateral inheritance tax. SECRETARY OF THE TREASURY- 69 In the five months succeeding the passage of the revenue act, feature after feature of the new system was put into operation, until by July 1, 1901, every phase of it was active. P a r i passu with the introduction of the system, public sentiment in the island advanced to a comprehension of its elements and an appreciation of its results, so that at the present time the reorganization may be said to have attained definite popular acceptance. / The actual financial operations of the island are encouraging. The treasurer of the island. Dr. J. IT. Hollander, reports that during the fiscal year ended June 30, 1901, the total expenditures aggregated $2,101,314.88. The funds actually received by the treasurer in this period were $2,357,335.03, and the excess of receipts over expenditures was $256,020.15. Of the total receipts, the net sum of $489,019.13 is charged as trust funds, thus making the excess of expenditures over receipts actually deposited in the insular treasury and available for current expenditures $232,998.98. The amount of revenue collected during the fiscal year in the United States upon exports from Porto Rico, and held under the terms of congressional legislation as a fund for the government and benefit of Porto Rico, was $609,937.33. The ordinary expenditures of the island during the first fiscal year of civil government were accordingly $376,938.35 less than the revenues actually available. For the fiscal year _ending June 30, 1902, the outlook is no less satisfactory. As reported by the treasurer, the estimated expenditures of the island during this period aggregate $1,976,802.21. The estimated revenues for the same period are $2,000,118, or $23,315.79 in excess of authorized expenditures. In reality, however, the condition of the insular treasury is much more favorable by reason of the. existence of extraordinary reserve funds, aggregating more than one and a half million dollars. ^.Of these, $642,619.30 represent revenue collected upon imports into the United States from Porto Rico from May 1,1900, to July 25, 1901, designed in aid of current expenditures during that period, but left absolutely intact by virtue of the careful financial policy pursued. The remaining amount is the unexpended portion of the ''customs refund," subject to allotment by the President of the United States for the use and benefit of the people of Porto Rico. It has been a fundamental policy of the insular administration to reserve these funds for emergency expenditures and for public improvements not properly chargeable to current revenue. But their mere availability in aid of expenses of maintenance, should the extraordinary occasion therefor arise, constitutes an element of great strength in the financial future of the island. It was the foregoing exhibit which led the insular legislature, summoned in extra session on July 4, 1901, to pass the joint reso- 70 REPORT ON THE FINANCES. lution declaring that a system of insular revenue had been enacted and put into operation to meet the necessities of the government of Porto Rico, and that the insular treasury could thenceforth dispense with the revenues from trade between Porto Rico and the United States. Upon receipt of this resolution on July 25, 1901, the President issued the proclamation establishing free trade between Porto Rico and the United States. Without a dollar of funded or fioating indebtedness, with a current income estimated as sufficient to meet the ordinary expenses of government, with large reserve funds to provide for unforeseen or extraordinary contingencies, and with a lighter burden of taxation upon the real economic life of the island than at any time in its history, there seems every reason for regarding the financial future of Porto Rico as bright and auspicious. Exchange of Porto RicUn coins. The substitution of the coins of the United States for coins of Porto Rico in circulation in that island, under the act of April 12, 1900, was continued in the fiscal year 1901. The number of pesos received from the special agents of the Department during the fiscal year ended June 30, 1900, was 1,333,319.95, equal to $799,991.97 paid in money of t h e U n i t e d States. F o r t h e fiscal year ended June 30, 1901, 4,400,380.59 pesos were received, for which $'2,640,228.35 was paid in United States money.' The total exchanges from May 1, .1900, when the act of April 12, 1900, took effect, to June 30, 1901, was 5,733,700.54 pesos, for which was paid $3,440,220.32 in United States currency. Of the Porto Rican coins so exchanged, there were 5,699,577.55 pesos in silver and 34,122.99 in bronze. Insular customs and commerce. The collector of customs reports that during the first year of civil government in Porto Rico, from May 1, 1900, to April 30, 1901, the total value of imports was $9,658,497, of which $7,706,950 represented products of the United States, leaving those of all other countries valued at $1,951,547. The total value of exports was $8,180,409—to the United States $5,283,311 and to all other countries $2,897,098. In the administration of customs matters, the change from methods in vogue under Spanish rule to the system prescribed by Treasury laws and rules was radical, and the application of tariff rates, with which very few importers, or even customs employees, had any previous knowledge, was not accomplished without laborious and painstaking effort; but the collector of customs reports that " t h e SECRETARY OF THE TREASURY. 7l work has been rendered less difficult, however, by reason of the splendid support received from the business men of Porto Rico who have dealings with the customs offices of the island. As a body they have been prompt and honorable in the transaction of business, meeting every requirement of the law when informed in relation thereto." The customs service in Porto Rico is in good condition; the records are kept on lines laid down by the Department for the guidance of customs officers in the United States, and all reports and accounts are up to date. REDUCTION OF REVENUE. Revenue and expenditure are ever-recurring subjects of legis. lative inquiry and action; How to appropriate wisely for the legitimate objects connected with governmental duty and responsibility, and how to take up from the people in a just and equitable manner the means to provide for necessary expenditure, are problems which challenge the best statesmanship in their solution. These questions become complicated and troublesome when, by reason of war or other serious disturbing influence, extraordinary expenditures are required, and extraordinary revenues become a necessity. When such emergencies are passed and a return to simpler conditions becomes possible, wisdom and prudence are again needed to make a wise readjustment. Expenditures being reduced and taxation not correspondingly abated, revenue in excess of need is the inevitable result. If, on the other hand, taxation be too greatly reduced, the depressing and disturbing influence of a financial deficit is certain to appear. The war with Spain was an emergency involving extraordinary expenditure. The provision made by Congress for an increased revenue appears in the light of events to have been timely and judicious. The short duration of that war, the disbandment of the volunteers, and, later on, the reduction of. our military forces, now exposes us to the evils of a revenue greater than reasonable requirements demand. The estimates for the fiscal year ending June 30, 1902, indicate a surplus of $100,000,000. For the next fiscal year, 1902-1903, there is to be an estimated surplus of a little more than $23,000,000. It will be noticed that the estimates of expenditures for such year, 1902-1903, are more than $83,000,000 in excess of the probable expenditures for the current fiscal year, 1901-1902. It is further to be observed that estimates coming in from the several Departments for a year not yet entered upon are not conclusive that the sums so estimated wdll be appropriated by Congress, or, if appropriated, actually disbursed from the Treasury. 72 REPORT ON T H E FINANCES. The following table illustrates for a series of years varying discrepancies between estimates, appropriations, and actual expenditures: Year. 1892 1893 1894 1895 1896 1897. 1898 1899 1900 I90I 1902 (estimated) Estiniates. Appropriations. $371,209,393 387,176,124 387,218,610 378,311,005 376,750,543 381,982,870 487,702,188 682,110,973 558,190,387 602,037,680 586,227,762 $363,336,238 379,419,773 380,931,355 370,802,377 365,131,135 370,723,912 497,962,028 685,932,431 510,080,550 530,569,452 539,307,563 Expenditures. $345,023,331 383,477,'.»54 367,525,280 356,-195,298 353,179,446 365,774,160 443,368,583 605,072,180 487,713,792 509,967,353 472,000,000 The table shows that in the eleven j^ears it includes, with one exception, expenditures . have been below both the estimates of the Departments and the sums appropriated. Therefore, it may reasonably be assumed that in the next fiscal year a similar result ^ill ensue, which will operate to increase the now estimated surplus of $23,000,000. There are, however, perceptible incidents which may partially or wholly nullif}^ such suggested increase: There are certain refunds on account of internal-revenue taxes to which, under the law, the contributors are entitled. The sum required will approximate $5,000,000. The State of Pennsylvania has recently established in the Court of Claims a claim for over $700,000 for interest paid on account of moneys borrowed by it for the equipment and support of its Federal volunteers during the civil war. With this claim thus adjudicated, other States in a similar position will no doubt follow, and from data at hand probably $5,000,000 or $6,000,000 will be required to satisfy all. To what extent the Spanish War Claims Conimission will give findings against this Government is at present unknown. There are also possible large refunds before us in connection with duties and taxes collected on the commerce between the United States and its insular possessions. These are some of the factors in the calculation, and they can not at present be determined, b u t they suggest caution against- too radical reduction in revenues now established. Nor in this presentation has account been taken of the requirements of the sinking fund established by the act of February 25, 1862. To satisfy its requirements, the use of over $50,000,000 annually in the purchase and cancellation of outstanding bonds wdll be necessary. The present year's surplus w i l l b e about $100,000,000, one-half of which has been, or will be, applied to the use of the sinking fund. It is apparent that absolute accuracy in future estimates concerning receipts and disbursements can not be reached. Enough appears, however, to justify a conservative reduction in taxes. SECRETARY OF THE TREASURY. 73 Congress must be the final judge as to what particular objects of taxation and in what degree reduction in rates shall apply. In my opinion, it would be within conservative limits to reduce revenue to the extent of $50,000,000. As a first step in that direction, I recommend for consideration the repeal of all the miscellaneous taxes known as war taxes. These items (exclusive of the increased tax on fermented liquors, tobacco, tea, and mixed flour) are estimated to produce $27,500,000. They are in their nature vexatious, in some instances oppressive, and, separately considered, yield but small revenue. BANKING AND CURRENCY. Under the above caption the respective heads of the-Treasury Department liav^e from time to time for many years felt it their duty to embody in their annual reports criticisms upon the then-existing conditions, together with recommendations for amendments or additions to our laws relating to banks and the currency. In the duties imposed by statute upon the Secretary of the Treasury he does not appear to be required specifically either to indulge in criticism or to tender recommendations concerning the subjects now in question. If he has any warrant for assuming such liberty, it must be found in that specification which requires him '' to digest and prepare plans for the improvement and management of the revenue, and for the support of the public credit." It is no doubt true—it is certainly generally recognized as true—that in every country the public credit is affected by, and is to a degree dependent on, the conditions of trade, commerce, ahd industry, and that these material elements in a people's prosperity are in their turn deeply affected by the conditions which prevail in banking and in the currency. Indirectly, therefore, if not directly, the public credit is affected favorably or unfavorably by the system of banking and by the quality and volume of the currency. This being so, it appears entirely logical that both the administrative and the legislative branches of the Government should be concerned at all times to secure and maintain the best and safest system of banking and a system of currency sound in character and ample in volume. The chief defects in our banking system are found in two directions, the most fundamental of which will now be considered under the general head of banking. Banking. Admirable in many respects, experience shows that our banking system is devised for fair weather, not for storms. This can be clearly shown. The individual banks stand isolated and apart, separated units, with no tie of mutuality between them. There is no obligation of duty from the strong to the weak or exposed, nor any 74 REPORT ON THE FINANCES. method of legal association for common protection or defense in periods of adversity and depression. The function and office of a bank is to give its money obligations in exchange for the money obligations of its customers and dealers. This is the business the bank chiefly prosecutes. If it receives the promise to pay of a borrower, the obligation of the bank is evidenced by an open credit to the borrower upon its books, b r it „may be by issuing to him a corresponding sum in its circulating notes. In either case the transaction is the same—exchange by the bank of its obligation to pay against the borrower's obligation to pay. This is made plain by a glance at the reports furnished by the banks to the office of the Comptroller of the Currency. At the period of their last report, the national banks as a whole held obligations against the public to an amount in excess of $3,018,000,000, while the public enjoyed a total of credits upon the books of the banks to an amount in excess of $3,044,000,000. These credits on the bank's books are called "deposits." I t is a convenient name, but it is a misnomer if ^by its use it is intended to represent deposits of actual money. The truth is, that although money forms an element in the daily deposits of the banks, in the daily average receipts as a whole not over 10 per cent is in cash. The other 90 per cent consists of checks, or, to speak more simply, orders for the transfer of existing bank credits from one person to another. It is these orders for the transfer of bank credits that transact the business of the country, and, out of all comparison with coin or paper money as to extent and volume, they constitute the " c u r r e n c y " of which trade and commerce in all large affairs make use. It is important that this be comprehended. Bank notes, " greenbacks," gold and silver coin, perform in the fleld of circulation a very important part, but their use is substantially limited to retail transactions, the payment of wages, and the smaller affairs of life. For all larger matters, bank checks, or credit transfers, are the effective currenoy, the real medium of exchange and means of payment. Now, loan of credit by the bank is essentially a manufacture or creation of the medium of exchange. Banks do not primarily lend money; they give credit. Credit so given may indeed be availed of by the borrower to secure money, either in the form of coin or bank notes, but in much the larger degree the credit obtained is made the subject of transfer from buyer to seller, to be retransferred again and again in the course of trade. So we have these phenomena.' In the operations of trade the dealer desires a larger, if a temporary, power to obtain goods or commodities. A bank credit which he can transfer to another by drawing his check is as effective as actual money and is less troublesome. He negotiates his notes with his banker and obtains the desired credit,which, as before described, becomes the sub SECRETARY OF THE TREASURY. 75 ject of multiplied transfers. In due course of time he disposes of the goods or commodities he had purchased, and with the avails he takes up his note at the bank. The situation is thus restored to its former status. The credit obtained by the trader is canceled. The total volume of bank credits subject to transfer in the avenues of trade has been contracted to the amount involved in the transaction described. It is no strain on language, nor does it do any violence to truth, to say that through the loaning operation of the banks the medium of exchange is expanded by millions eveiy day, and is contracted by millions every day, the general average in both directions being about constant—about constant, because the buying and the selling in the communitj^ must be substantially equal. There are, however, at least three causes which operate to increase the demand upon banks for these credit facilities, and thus to augment the total of loans, or bank credits. These causes may be^ thus enumerated : A rise in prices of comniodities and securities ; an increase in the volume of these things; an enlarged activity in the sale and transfer of goods and securities. On the other hand, there is an influence which limits the ability of the banks to continue indefinitely expansion in their loans. That infiuence is the ^ cash reserves held or controlled by them. A responsible duty assumed by the banker is to be ready at all times to redeem in cash - any credit due from him to the public. Failure to do that means insolvency. Hence his cash resources must bear a proper relation^ to his liabilities in this regard, and the national banking act fixes minimum percentages, which it is the banks' legal duty to maintain. Now, it is an observable fact that, given business activity and a prosperous course to industry, there goes on p a r i passu a steady expansion ih the means of exchange furnished, by bank credits. Bank loans are increased, and the so-called "deposits," which are credits at momentary rest, show larg^* totals. At last the diminishing ratio of cash reserves puts a strain on the expanding movement and impedes further development in that direction. When this situation is reached, we have the familiar symptoms of prosperity. Trade is active, manufacturers busy, and labor well employed. Within the limits of the general equilibrium so reached, there ought to be indefinite continuance in the happy conditions. But it is a familiar fact in the past, and it will be a recurrent fact in the future, that unsettling influences come in at unexpected periods to disturb finances and menace credit operations: Some large financial institution has been managed with reckless disregard to its best interests; a large commercial house becomes insolvent; a political party espouses doctrines injurious to public and private credit; war is threatened; harvests fail; a high range of prices sends gold abroad for better bargains. Some one or more of these events occurring in 76 ^, REPORT ON THE FINANCES. succession, or possibly operating together, disturbs confidence in the situation. Credit loses in some degree its former power; cash becomes relatively the more important; the moneyed reserves of the banks tend downward; uncertainty and fear supersede former confidence and courage. These evil circumstances are not peculiar to any one country; they are common to all countries. The striking contrast is to be found in the way in which they are met and overcome, and the comparison is wholly unfavorable to us. Explanation is to be found in our defective banking system. No sooner do the symptoms of financial and business trouble appear, than the banks, under the ruling principle of self-preservation, suspend to the farthest limit possible their operations of loaning and discounting. They cease to give credit upon their books in exchange for debt obligations from their dealers. - The daily creations of the necessary mediuni of exchange, bank credits^ cease, or become entirely inadequate to commercial requirements. The daily natural liquidation of credits continues, resulting in contraction. Business men, carrying goods and securities by the aid of bank credit, are obliged to sell with little regard to cost. Contemplated enterprises are abandoned; orders for future delivery of goods are rescinded, and as these successive steps mark the downward movement, the banker becomes the more reluctant to perform his important function of loaning his credit for commercial and ^industrial uses. We thus perceive that the bracing support which had promoted and sustained business progress—without which, indeed, such progress would have been impossible—is withdrawn at the very moment when support is the most needful. W h a t should be, under such circumstances, an orderly, conservative movement to more secure conditions becomes a disorderly fiight, an unreasoning panic, in which at last the entire business public is helplessly involved. We have not far to look to see this well illustrated. The so-called panic of 1893 is a marked example. Within a period of less than twelve months bank credits (deposits) were contracted to a total of more than 400 millions, while the actual cash holdings of the banks were increased by nearly 50 millions; that is to say, a volume of bank credits before available for trausf er in" the ordinary channels of trade was suddenly diverted to the payment of preexisting indebtedness from the public to the banks. This is shown by the fact that "loans and discounts" were reduced during the period to an amount substantially corresponding to the fall in deposits. Some of the liquidation was no doubt voluntary on the part of bank debtors, but much the larger part was enforced, to the disadvantage of the banks as well as their debtors. Many bank failures occurred and business bankruptcies were numerous; factories and work shops were closed, and unemployed labor suffered the pains of want. Nor SECRETARY OF THE TREASURY. 77 could these evil consequences, under the limitations of our banking • system, have been avoided. Unless modifications be made whereby the strength of association can be secured, and the surplus power of the safe and strong extended in confidence to the support of the weak and exposed, a repetition of the disastrous phenomena of 1893 awaits only the progress of time. Argument has been put forward for a system which contemplates a large central bank with multiplied branches. : That system does, indeed, afford the elements which would give the highest assurance of protection against the present evil of individual banks, each an , independent unit, with- no bond of cohesion, no power of cooperative action, no ability to coordinate for the general good or for mutual defense. But the proposition for large central banks, with broad powers for the establishing of branches, offends the common instincts of our people, and may fairly be looked upon as at present impossible ^ of realization. Can not the advantages of such a system be gained in an entirely different form ? We justly boast of our political system, which gives libert}^ and independence to the township and a limited sovereignty to the State, while it- confers upon the Federal Government ample powers for a common protection and the general welfare. — Can not the principle of federation be applied, under which the banks as individual units, preserving their independence of action in local relationship, may yet be united in a great central institution? Formed by some certain percentage of capital contributed by the banks themselves, and its management created through the suffrage of all, it would represent the interests of the Avhole country. With limited powers of control over its membership in the interest of common safety, confined in its dealings to the banks and to the Government, it could become the worthy object of a perfect public confidence. By the concentration of unemployed reserves from sections where such reserves were not needed, it could redistribute them in part as loans where most needed, and thus bind together for a common strength and protection the loose unrelated units, in whose separation and isolation the greatest weakness of our banking system is now to be found. The currency. Having presented as above the defects of our banking system in their larger aspects, I venture now to speak of that important medium of exchange designated the currency, meaning by that word paper money, whether issued by the Government or by the banks under the powers conferred upon them by the law. Excluding Treasury notes of 1890, now in course of extinction, silvei certificates, and gold certificates, which represent actual coin held for their redemption,* 78 REPORT ON THE FINANCES. there are now extant in the public service 346,000,000 of Government notes (greenbacks) and a little more than 360,000,000 of nationalbank notes. Neither of these can with economic propriety be called money—real money. They ax*e alike promises to pay, and their value rests upon the ability of the maker of the promise to perform the obligation set forth in the promise. Under the provisions and conditions of the law as it now stands, the limit in volume of these obligations is substantially reached. As to the greenbacks, their amount is fixed by statute, while in the case of the bank notes, their volume is practically limited and controlled by the market price of United States bonds. This is so because bankers will not, any more than other men, assume responsibility or risk without material motive, and the present as well as the prospective price of United States bonds robs banks of any motive for the issue of bank notes. To speak exactly on this point, the carefully prepared tables of the Government Actuary show to a national bank doing business in a ' locality where the rate of interest is 4 per cent an advantage equal to seventy hundredths of 1 per cent' per annum on note issuing, while in a 6 per cent locality the profit is fifty-one hundredths, and in an 8 per cent locality it is thirty-one hundredths. These figures conclusively show the absence of inspiring motive in the direction of any material increase in bank-note circulation. It is, therefore, apparent that unless conditions change or legal restrictions be modified, the country's supply of papeivmoney can not be responsive to any material increase in demand. / At •this pointlitjs also wise to keep in mind that our population, now aggregating about 78,000,000, will in the next fifty years increase to a probable 190,000,000. If the present volume of paper money is no more than adequate to the present population and to current domestic trade, it is evident that timely provision must be made for a possible increase to meet the enlarging requirements of larger population and increasing t r a d e . ^ T h e question is not remote; it is immediate. If, then, it be conceded that our present system is faulty in that it is inflexible, not responsive in possible supply to future requirements, in what way can the element of supply be made adaptable to demand ? In.what has been already said under the head of " B a n k i n g , " it has been truthfully shown, I think, that, in its broader sense the currency which our larger internal commerce uses consists of transfer orders or checks, drawn against credits supplied by banks. In furnishing these credits the bank finds its profitable occupation, and in their use those who carry on trade or prosecute industry and enterprise find their needs on the whole well served. Now, there is no difference whatever in principle between the banks' obligation to pay, expressed by a credit on their books, and an obligation expressed in the form of a note payable to bearer, which may be SECRETARY OF THE TREASURY. 79 transferred from hand to hand. If it be of public advantage that bank credit be made available through the machinery of checks or transfer orders to those who can make the more convenient use of the credit in that form, there can be no primary reason why to those who find their requirements better served by the bank's credit in the form of bank notes they should not be issued. There is, however, a secondary reason why the quality and character of notes so issued should possess higher elements of stability and safety than are exacted in open credits on the books of the bank. This reason is apparent to every one. It is found in the fact that the relation between the bank and its borrowers is voluntary on both sides, and may be terminated at the choice of either. The bank note, however, passes from one to another by a principle of quasi pressure. Operating in the smaller transactions, circulating often far from its place of issue, the test of redemption or payment can not always and everywhere be promptly applied. It would appear right and reason- .. able, then, that the governing power should surround the bank credit, utilized in the form of bank notes, with such necessary guards and guaranties as may be required to make them safe, free from risk of loss, in the hands of those who have little choice as to whether or not they will receive them in exchange for their wares or the payment of wages. Having done this, the Government's responsibility'may rightfully be said to terminate. The requirement now made by the law for the deposit of United States bonds with the Treasurer of the United States as a condition precedent to the issue of circulating notes by the bank furnishes the desired element of security. But if it be true that a diminishing volume of Government bonds will operate to make it impossible to supply these needful instruments of exchange in proper volume, then is not a modification of present requirements the course of wisdom? The ' answer to this question must be in the affirmative. There are modi fications, conservative in character, which, if adopted, can be demonstrated to afford all the necessary requirements of safety, give the desired condition of supply to increasing demand, and at the same time make the bank note a more economical and useful factor in business affairs. I shall indulge in some practical suggestions on these points a little later. Preliminary thereto, I want to refer to the greenbacks and the desirability of relieving the Treasury from the responsibility which attaches to their redemption. This responsibility at the present time rests very lightly. It has been, however, a heavy burden in the past, and may become in the future a source of public anxiety and financial embarrassment to the Government. Thoughtful men of affairs and financiers have long argued for the refunding of these notes 80 '^^ . REPORT ON THE F I N A N C E S . into time obligations, but such arguments have failed to convince the people of the propriety of canceling a debt bearing no interest to create in its stead one equally large charged with the burden of interest. If, however, in a modification of the law relating to bank currency the burden of redeinption can equitably be transferred from the Treasury to the banks, without interest cost to the Government, then the objection to their retirement can no longer be urged. That this result can be attained there is substantial ground for believing. It is, of course, quite possible that any scheme involving several related questions, however well thought out in any single mind, may, when the light of fair criticism from many minds be thrown upon it, appear defective in parts or unworkable as a whole. Subject to that result, the following modifications of the national banking act are suggested for the consideration of those who feel responsibility in the matter. No claim for originality in conception is made, for in part, if not as a whole, they have found expression by those who have most carefully considered the important questions involved. . By necessary amendments to the law provide— That any national banking association which shall deposit 30 per cent of its capital in the form of United States bonds at their par value, and 20 per cent of its capital in United States legal-tender notes, Avith the Treasurer of the United States, as security therefor, shall be entitled to issue its circulating notes to an amoutit equal to its paid-in and unimpaired capital. In addition to the deposit of security so required, banks permitted to issue notes as above shall pay semiannually to the Treasurer of the United States, in trust, an "amount equal to one-eighth of 1 per cent on their capital stocks, respectively, such payments to constitute a " G u a r a n t y Fund " for the protection of the note of any bank which by reason of insolvency shall become unable to pay its notes on demand. W h e n a bank thus privileged shall become insolvent the Treasurer of t h e U n i t e d States, as trustee for the note holder, shall sell the bonds held as security and credit the amount so realized to-a special fund for the redemption of the notes of such insolvent bank. He shall also credit to such account an amount equal to the United States legal-tender notes originally deposited by said bank as security. He shall further transfer from the g e n e r a l ' ' Guaranty Fund " to the credit of the special redemption fund of such insolvent bank an amount, in addition to the amoun t realized from the bonds and legal-tender notes, sufficient to equal the total of the outstanding circulating notes of such insolvent bank, and this fund so constituted shall be applied to the payment of such outstanding notes. For the amount thus taken from the " Guaranty F u n d " the Treasurer of the United States, as trustee, shall be empowered and required to assert claim against the receiver of the insolvent bank and shall be entitled to SECRETARY OF THE TREASURY. °. 81 receive dividends in the same proportion as the general creditors of such bank. Dividends so received by him shall be restored to the credit of the " Guaranty Fund." Neither the present law, requiring a deposit of 5 per cent of a bank's circulation as a current redemption fund, nor the present system of redemption need be changed. There are minor details, nonessential in character, which for the sake of simplicity are omitted from consideration. I venture now to present some estimates of the effects of these amendments if incorporated into the law. If I am not mistaken, it would lead to an important increase in the capital of the national banks. Their total capitalization at present is $663,000,000. They have a surplus and undivided earnings fund of $430,000,000, the larger part of which could be put into the form of capital. With the moderate advantage afforded under the law so amended, a movement toward reorganization under the national act would take place in banks now doing business under State law:s. It is safe, I think, to estimate that within three years the total capital of the national banks would increase from the present amount of $663,000,000 to $1,000,000,000. With the right to issue circulating notes to par of their capital there would be the possibility of increasing the paper money sujDply, as population increased, by the difference in amount between present supply (greenbacks and bank notes both included) of, say, seven hundred and six millions and one thousand millions, or, in round amount, three hundred millions. When the banking capital reached a thousand millions there would be tied up in the Treasury three hundred millions in bonds, and two hundred millions in greenbacks, as security for an equal amount of bank notes issued. Two beneficial results would follow: Some sixty millions in United States bonds now imprisoned as security would be gradually released for, sale in the general market to the advantage of the private investor. The impounding of the greenbacks as security for the bank notes would relieve the Government from all the burden now incident to their redemption, to the extent of two hundred millions. For the balance of one hundred and forty-six millions in legal-tender notes which would then be outstanding the one hundred and fifty millions in gold now held as a special redemption fund would be excessive. If this Avere reduced to one hundred and forty-six millions, the greenbacks AA^oiild become virtually what they ought ^to be in reality—gold certificates. In my opinion, the obligation of the Government to pay the notes of insolvent banks should be rescinded. F:idelity in the discharge of its diit}^ as trustee should be the end of its responsibility. While its absolute guarantj^ remains a feature of law, the broad question will again and again recur. If the Government is to take the ultimate^ FI1901 6 82 / REPORT ON THE FINANCES. and final risk of bank notes, why should it not enjoy the immediate and continuous profit arising from the circulation of paper money issues ? There is a good answer to this plausible inquiry, but it is not obvious, and to make the answer clear would require a more extended treatment than this opportunity affords. Thus the problem of national finances would be greatl;^ simplified. Objections of various and vigorous kinds will be offered to the propositions above indicated. It will be asserted, on the one hand, that to give banks privileges so great will induce the creation of banks organized for the sole purpose of note issuing, and that the consequence will be a repetition of the former evils of a "wild c a t " currency. On the other hand, it will be objected that the inducements to embrace the provisions contemplated are insufficient, and that the scheme would fail for that reason. The first-named objection will not stand the test of fair examination. As to the second, it will appear that, though the inducements are not large, they are sufficient. As previously noted, the advantage to a bank to issue circulation under present laws is equal, under the best possible conditions, to seventy hundredths of 1 per cent on its capital stock, and perversely enough the present system works to reduce the advantage in those regions where bank notes are the most useful form in which bank credit can be extended, to the borrower. Where the rate of interest is 4 per cent, the advantage or'profit is seventy hundredths of 1 per cent; where the rate of interest is 8 per cent, the profit falls to thirtyone hundredths of 1 per cent. In comparison with this statement, it may be well to show the advantage or profit under a system modified as suggested. The result has been carefully worked out by the Government Actuary, and is as follows: In a locality with the interest rate at 4 per cent there would be a profit of 2.08 per cent, provided the Avhole circulation could be kept out all the time. If only 75 per cent of the limit allowed could be kept in circulation, the profit would be 1.27. In a 6 per cent locality, under like conditions as to average circulation outstanding, the profit would be 2.35 and 1.74, respectively, and in an 8 per cent locality the profit would rise to 3.8, if all the circulation could be kept out, or 2.20 if only 75 per cent of the limit could be utilized. Thus, quite contrary to our present system, bank notes could be the better employed in those regions where bank notes are most required for the people's use.^ Yet under no conditions anywhere would the advantages be sufficient to organize banks with a view to the profit on circulation alone. Where capital is scarce and interest the highest, the inducement would be the greatest, but the ability to secure deposits would even there be necessary to induce a bank's organization. The advantage of circulation as proposed yrould be helpful to sustain a bank where deposits must be small, and SECRETARY OF THE TREASURY. 83 thus the two cooperating would no doubt bring the benefits of a bank to localities much in need of the services a bank renders. Again, it will be alleged that the security furnished by the proposed Guaranty Fund would be inadequate; that bank failures would soon exhaust its supposed protection, and losses would sooner or later fall upon bank-note holders. This is an important matter, and all reasonable doubts in this particular should be removed. The proposition involves the contribution of one-eighth of 1 per cent Annually on the capital of all banks which may avail themselves of its provisions. In order to get some data on this point and to bring the light of experience to bear upon it, a careful analysis of the history of national banks for the last thirty-six years has been made. A hypothetical tax of one-eighth of 1 per cent was charged against all the national banks from their organization to date, and the amount so accruing was passed to the credit of the imagined Guaranty Fund. As individual banks from time to time have actually failed, it was • assumed that had these banks enjoyed the privileges above proposed they would at the time of their failure have had outstanding the full amount of notes allowed. The Guaranty Fund was then charged with the difference between the value of the seciirities held by the Treasurer of the United States in trust and the face amount of their outstanding notes. Afterwards the Guaranty Fund was credited with the amount which would have been realized by the Treasurer had he received the same percentage in dividends upon his claim for the Guaranty Fund as the final liquidation of the banks showed was paid to depositors. The result of this shows that all note holders would have realized the face value of such notes without any delay; that the Guaranty Fund, instead of being exhausted, would have steadily grown, and that on the 1st of January of the present year there would have been an unused surplus to the credit of the Guaranty Fund of $27,421,950. This demonstration, draAvn from past history, furnishes better evidence of the entire sufficiency of a Guaranty Fund, to the end designed, than is usually enjoyed in human affairs when it is sought in any direction to guard against the contingencies of the future. There is one more objection which will be advanced—the only one that in my opinion possesses any real merit. It will be affirmed that, with our system as it is—banks constituted independent units, scattered over the land, with no general effective control anywhere lodged, with no principle of coordination or cooperation—the note-issuing function should be quite prohibited except upon absolute security, with ample margin deposited in advance. It might be broadly affirmed that while this weakness continues to exist banks should create no liability, either to note holders or depositors, and in 84 REPORT ON THE FINANCES. what is said under the head of " B a n k i n g " I have argued that to this general weakness there should be addressed an appropriate cure. The best that can be said under present conditions is that if our system be defective it is much better than none. Banks are as essential in the business affairs of the people as railroads and ships are essential in the transportation of commodities. The note-issuing function, within the limits of entire safety, is as legitimate and as serviceable to the community as is the issuing of bank credit in any other form. It is a question in which the convenience of the people and the economical use of bank credit are concerned. The objection last considered, then, is good as a general criticism to our system df banking, but will not apply with any peculiar force to bank-note issues of currency under the conditions of joint security from bonds and a sufficient Guaranty Fund. Present conditions favorable to reform. On April 1, 1898, the interest-bearing debt of the United States was $847,366,680. Incidental to the war with Spain the debt was increased so that on November 1, 1899, its highest point, the amount stood at $1,046,049,020. Two years later, or on November 15, 1901, the debt stood at $954,027,150, showing a reduction of $92,021,870. This statement covers only the face amount of the debt. Interest is as much a part of a debt as is the principal, and this feature of the debt has been anticipated and paid to an amount nearly as great as has been the reduction of the principal. By the application of $43,582,004 of the public moneys, interest to the amount of $54,548,424, which would otherwise have been a charge against the Treasury during the next seven years, has been paid, so that, broadly speaking, the public debt within two years has been reduced by the sum of $146,570,294. It is to be noted also that the cash fund in the Treasury has risen from $226,166,944 on April 1, 1898, to $322,514,732 at close of business on November 15, 1901, an increase of $96,347,788. The effective reduction of the debt and increased cash on hand exceed in their total the Spanish war bonds sold, amounting to a little less than $200,000,000. As a consequence of the operations resulting in this very satisfactory condition of things, the annual interest charge on account of the public debt has been reduced from $40,347,884, Avhere it "stood November 1, 1899, to $28,471,228 on November 15, 1901. On A p r i l l , 1898, the annual interest charge was $34,387,377. There is therefore shown an annual reduction in interest, dating from the present time, of $5,916,149, as compared with a^ period just antedating the Spanish war. The facts indicate a condition of unparalled strength in the Treasury, and go far to explain the superior credit of SECRETARY OF THE TREASURY. 85 the United States as measured and illustrated by price quotations in the world's financial markets. It would, then, appear that the present is the most propitious hour in all our history, and as favorable a one as we may hope for in the future, to enter upon judicious measures to eliminate such elements of financial weakness as experience has brought into view, and to perfect, if possible, our now imperfect system of currency. Careful reforms are to be desired; revolutionary measures are to be feared. In the direction toward better conditions in banking and currency the attention of Congress is earnestly invited. L. J. GAGE, Secretary, To the S P E A K E R OF THE H O U S E OF REPRESENTATIVES. TABLES ACCOMPANYING THE REPORT ON THE FINANCES. rABLE A.—STATEMENT OF T H E OUTSTANDING P K I N C I P A L OF T H E P U B L I C D E B T OF T H E UNITED STATES J U N E 30, Length of loan. OLD D E B T . Por detailed information in regard tothe earlier loans embraced under this head, see Pinance Eeport for 1876. TREASUEY NOTES PRIOR TO 1846. Acts of October 12, 1837 (5 Statutes, 201); May 21, 1838 (5 Statutes, 228); March 2,1839 (5 Statutes, B23); March 31,1840 (5 Statutes, 370); Pebruary 15,1841 (5 Statutes, 411); January 31,1842 (5 Statutes, 469); August 31,1842 (5 Statutes, 581), and March 3,1843 (5 Statutes, 614). TREASURY NOTES OF 1846. Aet of July 22, 1846 (9 Statutes, 39) MEXICAN INDEMNITY. Act of August 10, 1840 (9 Statutes, 94) TREASURY NOTES OP 1847. Act of January 28, 1847 (9 Statutes, 118) TREASURY NOTES OF 1857. Act of December 23, 1857 (11 Statutes, 257) BOUNTY-LAND SCRIP. Act of February 11, 1847 (9 Statutes, 125) LOAN OF 1847. Act of January 28, 1847 (9 Statutes, 118) T E X A N INDEMNITY STOCK. Act of September 9,. 1850 (9 Statutes, 447) LOAN OF 1858. Actof June 14, 1858 (11 Statutes, 365) LOAN OF FEBRUARY, 18C1 (1881s). Act of February 8, 1861 (12 Statutes, 129) :. TREASURY NOTES OF 1861. Act of March 2, 1861 (12 Statutes, 178) OREGON W A R DEBT. Act of March 2, 1861 (12 Statutes, 198) aincluded in old " debt." When redeemable. Rate of interest. Price at which sold. On demand . . . 5 and 6 per ceut. Amount authorized. x^y of 1 to 6 per cent. Par.... lyear 1 year from date. xV of 1 to 5 | per cent. Par 10,000, 000. 00 5 years 5 years from date. 5 per cent.. Par 320,000.00 1 and 2 years 1 and 2 years from date. 5g and 6 per cent. Par lyear 3 to 6 per cent. Par from Jan. 1,1874... $151, 635. 26 $51, 000, 000. 00 $47, 002,900. 00 CP . 7,687,800.00 (a) > 303,573.92 (a) o 23, 000, 000.00 b 26,122,100.00. >^ (a) W 5 per c e n t . . . Av. pre. of3x^;,V 10 or 20 years Dec. 31,1880... 6 p e r c e n t . . . (Av.)89.03 Indefinite 52, 778, 900. 00 (a) Indefinite 233, 075. 00 (a) 23, 000, 000. 00 c 28, 230,350.00 fed t> 950.00 10, 000,000. 00 5, 000, 000. 00 20. 000. 00 20, 000, 000. 00 20, 000,000.00 2, 000. 00 25,000,000. 00 18, 415, 000. 00 5, 000. 00 60 days or 2 6 per cent... Par t o Indefinite 35,364,450.00 years a f t e r liVoPer date. ct. pre. July 1, 1881... 6 per c e n t . . . Par..'.... 2. 800. 000. 00 20 years 1,090,850.00 & Including reissues. c Inclu( ling cou version of Treasury notes. 60 days or 2 years. (a) o Indefinite... A t the pleas- 6 per cent.. Par ure of the Governraent. Jan. 1,1868.... 6 per c e n t . . . l i to 2 20 years per ct. pre. 14 years Jan. 1,1865. -- 5 per c e n t . . . Par 15 years o u n t outA m o u n t issued. A m standing. Indefinite 1 and 2 years 1 and 2 years from date. 1 year date. 1901. GO a 2, 450. 00 2, 500. 00 CO T A B L E A.—STATEMENT CO 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. o W h e n redeemable. R a t e of interest. 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. 3^ p e r c e n t . . Indefinite.... On d e m a n d 3 years. A u g 19 and Oct, 1, 1864. L e n g t h of loan. Price at which sold. . Amount authorized. Amountissued. A m o u u t outstanding. 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 j^ears. 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 n t y y e a r s from d a t e , i n e x c h a n g e f o r 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 Govemment. 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 of 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 of 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 h 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 ITnited S t a t e s , a n d of s u c h d e n o m i u a t i o n s , n o t less t h a n tive dollars, aa 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 u 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 b e a l e g a l 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 o n i m p o r t s a n d i n t e r e s t on . t h e p u b l i c debt, a n d t o b e 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 b e a c t of 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 might* d e e m e x p e d i e n t , b 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 h a n five d o l l a r s ; t h e s e n o t e s t o b e a l e g a l t e n 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 o f $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 of t h e T r e a s u r y m i g h t prescribe; which notes were made a legal t e n d e r as 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 60, 000, 000.00 a60, 030, 000.00 lj% p e r c e n t . 5 or 20 y e a r s . M a y 1, 1867 . . . 6 p e r c e n t . Indefinite... On deraand $250, 000, 000. 00 $189, 321,350.00 None . Av. pre. ofiW^. Indefinite 139,999, 750.00 Av.pre. 515, 000,000.00 514, 771, 600.00 450,000,000. 00 $15,050.00 1, 600. 00 O 53, 847. 5U O 9, 40U. 00 346, 681, 016. 00 > o at Treasury notes might be exchangedfor United Statea bonds to July 1,1863. The amount of notes authorized by this act were to be in lieu of $100,000,000 authorized by the resolution of January 17,1863 (12 Statutes, 822). The act of May 31,1878 (20 Statutes, 87), provides that no more of the United States legal-tender notes shall be canceled or retired, and that when any of said notes are redeemed or received into the Treasury under any law, from any source whatever, and shall belong to the United States, they shall 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 redeeined in gold coin of the standard fixed in said act, and that in order to secure the prompt and certain redemption of such notes it shall be the duty of the Secretary of the Treasury to set apart in the Treasury a reserve fund of one hundred a.nd 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 bo tho duty of the Secretary of the Treasury to use said notes so redeemed to restore and maintain the reserve fund so established—first, by exchanging the notes so redeemed for any gold coin in the general fund of the Treasury; second, by accepting deposits of gold coin at the Treasury or at any subtreasury in exchange for such notes; third, by procuring gold coin by the use of said notes in accordance with the provis^ions of section 3700 ofthe Revised Statutes of the Uuited States. The above-mentioned act also provides that if the Secretary of the Treasury is unable to restore and maintain the gold coin iu the reserve fund by the foregoing methods, and the araount of such gold coin and bullion in said fund shall ab any tirae fall below one hundred million dollars, it shall bo his duty to restore the same to the maximum sum of one hundred and lifty million dollars by borrowing money on the credit of the United States, and for the debj so incurred to issue and sell coupon or regi^tcre<l bonds of the United States beariug interest at the rate of not exceeding three per centum per annum, payable quarterly, the bonds to be payable at the pleasure of the United States after one year from the date of their issue, and to be payable, principal and interest, in gold coin ofthe presen t standard value, the gold coiu received from the sale ot said bonds to be exchanged for an equal amount of the notes redeemed and held for exchange, and the Secretary of the Treasury may, in his discretion, use said notes in exchange for gold, or to purchase or redeem any bonds of the United States, or for any other lawful purpose the public interests may require, excei)t that they shall not be used to meet deficiencies in the current revenues. TEMPORARY .LOAN. Acts of February 25.1862 (12 Statutes, 346); March 17, 1862 "(12 Stat- Indefinite... After 10 days' 4, 5, and 0 per cent. utes, 370); July 11,1862 (12 Statutes, 532), and J u n e 30,1864 (13 Statnotice. utes, 218). a Including reissues. CZ? w te te w n 150, 000, 000.00 a716,099,247.l6 2,850. 00 T A B L E A.—STATEXVIENT 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 , W h e n redeemable. R a t e of interest. Price at which sold. lyear... 1 year date. 6 percent.. Par- Indefinite... On p r e s e n t a tion. L e n g t h of loan. CO ETC.—Contimied. Amount authorized. Amountissued, A m o u n t outstanding. CERTIFICATES OF INDEBTEDNESS. A c t s of M a r c h 1, 1862 (12 S t a t u t e s , 352); M a y 17, 1862 (12 S t a t u t e s , 370), a n d M a r c h 3,1863 (12 S t a t u t e s , 710). FRACTIONAL after $561, 753, 241. 65 $3,000. 00 $50, 000, 000.00 (Z368,720,079. 51 6,876,41L 63 No l i m i t . CURRENCY. A c t s of J u l y 17, 1862 (12 S t a t u t e s , 592); M a r c h 3, 1863 (12 S t a t u t e s , 711), a n d J u n e 30, 1864 (13 S t a t u t e s , 220). None . te o L O A N O F 1863. T h e a c t o f M a r c h 3, 1863 (12 S t a t u t e s , 709), a u t h o r i z e d a loan of $900,000,000, a n 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 n o t e x c e e d i n g 6 p e r c e n t u m p e r a n n u m , a n d r e d e e m a b l e in n o t l e s s t h a n t e n n o r m o r e t h a n forty y e a r s , p r i n c i p a l a n d i n t e r e s t p a y a b l e in coin. T h e a c t of J u n e 30, 1864.(13 S t a t u t e s , 219), r e p e a l s t h e a b o v e a u t h o r i t y , e x c e p t aa t o t h e $75,000,000 of b o n d s a l r e a d y a d v e r t i s e d for. B o n d s of t h i s loan c o n t i n u e d a t 3^ p e r c e n t i n t e t 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 t h e G o v e r n m e n t . 17 y e a r s J u l y l , 1881... 6 per c e n t . . . Av. pre. 75, 000, 000. 00 75,000, 000.00 4,100. 00 o Indefinite... A t t h e pleasu r e of t h e Government. Iyear 1 year date. 3^ p e r c e n t . . P a r . 100. 00 w te O N E - Y E A R N O T E S O F 1863. A c t o f M a r c h 3, 1863 (12 S t a t u t e s , 710) after' 5 p e r c e n t . . . P a r . 400, 000, 000. 00 44, 520, 000. 00 31, 265. 00 T W O - Y E A R N O T E S O F 1863. .A.ct of M a r c h 3, 1863 (12 S t a t u t e s , 710) 2 years- 2 y e a r s after date. 5 percent... Par. 3 y e a r s from date. 6 per cent compound, 400, 000, 000. 00 166,480, 000. 00 27, 000. 00 GQ COMPOUND-INTEREST NOTES. A c t s of M a r c h 3,1863 (12 S t a t u t e s , 710), a n d J u n e 30, 1864 (13 S t a t u t e s , 218). T E N - F O R T I E S O F 1864. 3 years A c t o f M a r c h 3, 1864 (13 S t a t u t e s , 13) 10 or 40 y e a r s M a r . 1, 1874 . . F I V E - T W E N T I E S O F 1864. A c t of J u n e 30, 1864 (13 S t a t u t e s , 218) 5 or 20 y e a r s . N o v . 1, 1869.. S E V E N - T H I R T I E S O F 1864 A N D 1865. A c t s of J u n e 30,1864 (13 S t a t u t e s , 218) : J a n u a r y 28, 1865 (13 S t a t u t e s , 425), a n d M a r c h 3,1865 (13 S t a t u t e s , 468). 3 years [ A u g . 15,1867 ' J u n e 15,'1868 [ J u l y 15,1868 > o te Par... 5 p e r c e n t . . . P a r to 7 per ct. prem. 0 p e r c e n t . . . Av. pre. of2jW(y >7f^j p e r c e n t . A v . p r e . of2i§fjj. 400,000, 000.00 266, 595,440. 00 165, 070. 00 200,000, 000. 00 396, l i s , 300.00 19,850.00 400, 000, 000. 00 125, 561, 300. 00 15, 900.00 800, 000, 000.00 a829,99?,500.00 122, 600. 00 F I V E - T W E N T I E S O F 1865. A c t s of M a r c h 3,1865 (13 S t a t u t e s , 468), a n d A p r i l 12,1866 (14 S t a t u t e s , 31). C O N S O L S O F 1865. 5or 20 y e a r s . N o v . l , 1870... 6 p e r c e n t . . . A v . p r e . of3xW0- Indefinite 203, 327, 250.00 20,850. 00 A c t s of M a r c h 3,1865 (13 S t a t u t e s , 468), a n d A p r i l 12,1866 (14 S t a t u t e s , 31). C O N S O L S O F 1867. 5 or 20 y e a r s . J u l y 1, 1870... 6 p e r c e n t . . . A v . p r e . Oflfcfo^T. Indefinite 332, 908,950.00 73, 950. 00 A c t s of M a r c h 3,1865 (13 S t a t u t e s , 468), a n d A p r i l 12,1866 (14 S t a t u t e s , 31). C O N S O L S O F 1868. 5 or 20 y e a r s . J u l y 1, 1 8 7 2 . . . 6 p e r c e n t . . . A v . p r e . Eadefinite 379, 618, 000.00 112, 800. 00 A c t s of M a r c h 3,1865 (13 S t a t u t e s , 468), a n d A p r i l 12,1866 (14 S t a t u t e s , 31). 5 or 20 year.s. J u l J* 1, 1 8 7 3 . . . 42, 539, 930.00 11,050.00 75, 000, 000. 00 a 85,155, 000. 00 5,000.00 THREE-PER-CENT of THCT- G ])er c e n t . Av. pre. nf 45 CERTIFICATES. A c t s of M a r c h 2,1867 (14 S t a t u t e s , 558), a u d J u l y 25,1868 (15 S t a t u t e s , 183). GO te O • Indefinite... On d e m a n d . . . 3 ])er c e n t . Par ... ^ te F U N D E D L O A N O F 1881. T h e a c t of J a n u a r y 14,1875 (18 S t a t u t e s , 296), a u t h o r i z e 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 t o u s e a n y s u r p l u s r e v e n u e s from t i m e t o t i m e i n t h e T r e a s u r y n o t o t h e r w i s e a p p r o p r i a t e d , a n d t o i s s u e , sell, d i s p o s e of, a t n o t l e s s t h a n p a r , in coin, e i t h e r of t h e d e s c r i p t i o n of b o n d s of t h e U n i t e d S t a t e s d e s c r i b e d i n t h e a c t of J u l y 14, 1870 (16 S t a t u t e s , 272), to t h e e x t e n t n e c e s s a r y for t h e r e d e m p t i o n of f r a c t i o n a l curr e n c y i n s i l v e r c o i n s of t h e d e n o m i n a t i o n s of t e n , t w e n t y - f i v e , a n d fifty c e n t s of s t a n d a r d v a l u e . T h e a c t of M a r c h 3,1875 (18 S t a t u t e s , 466), d i r e c t 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 t o i s s u e b o n d s of t h e c h a r a c t e r a n d d e s c r i p t i o n s e t o u t in t h e a c t of J u l y 14, 1870 (16 S t a t u t e s , 272), t o J a m e s B . E a d s , o r h i s l e g a l r e p r e s e n t a t i v e s , in p a y m e n t a t p a r of t h e w a r r a n t s of t h e Secr e t a r y of W a r for t h e c o n s t r u c t i o n of j e t t i e s a n d a u x i l i a r y w o r k s t o m a i n t a i n a w i d e a n d d e e p c h a n n e l b e t w e e n t h e S o u t h P a s s of t h e M i s s i s s i p p i R i v e r a n d t h e G u l f of M e x i c o , u n l e s s C o n g r e s s s h a l l h a v e p r e v i o u s l y p r o v i d e d for t h e p a y m e n t of t h e s a m e b y t h e n e c e s s a r y a p p r o p r i a t i o n of m o n e y . T h e a c t of J u l y 14, 1870 (16 S t a t u t e s , 272), a u t h o r i z e s t h e i s s u e of $200,000,000 a t 5 p e r c e u t u m , p r i n c i p a l a n d i n t e r e s t p a y a b l e i n coin of t h e p r e s e n t s t a n d a r d v a l u e , a t t h e p l e a s u r e of t h e U n i t e d S t a t e s G o v e r n m e n t , a f t e r t e n y e a r s ; t h e s e b o n d s t o b e e x e m p t frora t h e p a y m e n t of all t a x e s or d u t i e s of t h e U n i t e d S t a t e s , a s . w e l l a s from t a x a t i o n in a n y form b y or u n d e r S t a t e , m u n i c i p a l , or local a u t h o r i t y . B o n d s a n d c o u p o n s p a y a b l e a t t h e T r e a s u r y of tihe U u i t e d S t a t e s . T h i s a c t n o t t o a u t h o r i z e a n i n c r e a s e of t h e b o n d e d d e b t of t h e U n i t e d S t a t e s . B o n d s t o b e sold a t n o t l e s s t h a n p a r i n coin, a n d t h e p r o c e e d s 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 o u t s t a n d i n g 5-20's o r to b e e x c h a n g e d for s a i d 5-20's, p a r for p a r . P a y m e n t of t h e s e o te w te H te w d Kl • 10 y e a r s . M a y 1, 1881. a Including: reissues. 5 yjer c e n t . Par. 517,994,150.00 CO CC T A B L E A.—STATEMENT CO OF T H E OUTSTANDING PRINCIPAL OP T H E P U B L I C D E B T , ETC.—Continned. Length of loan. Wlien redeemable. Rate of interest. Price at which sold. Amount authorized. Amount issued. Amount outstanding. FUNDED LOAN OF 1881—Continued. bonds, when due, to be made in order of dates and numbers, beginning with each class last dated aud 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 quarterly. 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. te o H O $1,500,000,000 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 coupons pa.yable 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 leas thau par in coin, and the proceeds to be applied to the redemption of outstanding 5-20's or to be exchanged for said 5-20's, par for par. Payment of these bonds, when due, to be made in order of dates and numbers, beginning with each class last dated and numbered. Interest to cease at the end of three months from notice of intention to redeem. 15 year.s. Sept. 1,1891 - $185,000,000.00 ^ per cent.. w te y $70, 400. 00 o te FUNDED LOAN OF 1891. (RESUMPTION.) Theact of January 14,1875 (18 Statutes, 296), authorizes the Secretary of the Treasuiy to use any surplus revenues from time to time in the Treasury not otherwise appropriated, aud to issue, sell, dispose of, at not less than par in coin, eitlier 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, ou and after January 1,1879, in coin, at the otiice of the assistant treasurer of the United States in New York, the outstanding United States legal-tender notes when presented in sums of not less than fifty dollars H 15 years Sept. 1,1891... 4^ per cent.. P a r t o 1^ per ct. pre. Indefinite. 65,000, 000.00 FUNDED LOAN OF 1907. (REFUNDING.) The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of $1,000,000,000 at 4 per centum, payable in coin of the present standard value, at the pleasure of the United States Government, after thirty years; these bonds to be exempt from the payment of all taxes or duties of 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. Payment of 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 97. 30 years- July 1, 1907- 4 per cent... P a r t o h per ct. pre. 710,417,500.00 257,376,050.00 GO te O te H t> FUNDED LOAN OF 1907. (RESUMPTION.) The actof 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 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 January 1, 1879, in coin, at the office of the assistant treasurer of the United States in New York, the outstanding United States legal-tender notes when presented in sums of not less than fifty dollars. 30 years. July 1, 1907. 4 percent.. Par. Indefiuite. 30, 500, 000.00 O te W te H te GOLD CERTIFICATES. The act of March 3,1863 (12 Statutes, 711), authorizes the Secretary of Indefinite.. the Treasury to receive deposits of gold coin and bullion in sums of not less than twenty dollars, and to issue certiticates therefor in denominations of not less than twenty dollars each; the coin and bullion deposited for or representing the certificates to be retained in the Treasury for the payment of the same on demand. The certificates so issued to be received at par iu payment of interest on the • public debt and for duties on imports. The act of July 12,1882 (22 Statutes, 165), provides that the Secretary of the Treasury shall suspend the issue of gold certificates whenever the amount of gold coin and gold bullion in the Treasury reserved for the redemption of United States notes falls below one hundred millions of dollars. On demand None . Par. Indefinite., 288, 957,689.00 K! CO T A B L E A.—STATEMENT OF T H E OUTSTANDING P R I N C I P A L O F T H E P U B L I C D E B T , ETC.—Contiuued. Length of loan. When redeemable. Rate of interest. Price atwhich sold. Amount authorized. Amountissued CO Auu)unt out.stauding. GOLD CERTIFICATES—Contiuued. The act of March 14, 1900, authorizes and directs the Secretary of the Treasur.y to receive deposits of gold coin with the Treasurer or any assistant treasurer of the United States, in sums of not less than tweuty dollars, and to issue gold "certificates therefor in denominations of not less than twenty dollars, and the coin sb deposited shall be retained in the Treasury and held for the payment of such certificates on demand, and used for no other purpose; such certificates to be received for customs, taxes, and all public dues, and when so received may be reissued, and when held by any national bauking association niay be counted as a part of its lawful reserve. The act also provides that whenever and so long.as the gold coin held in the reserve fund in the Treasury for the redemption of United States notes and Treasur.y notes shall fall and reraain belo^v one hundred million dollars, the authority to issue certificates as herein provided shall be suspended; and also, that -whenever and so loug as the aggregate amount of United States notes and silver certificates iu the geueral fund of the Treasury shall exceed sixty million dollars, the Secretary of the Treasury raay, 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. te >^ o n o "^ W te te )—( > o te 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 assistaut treasurer of the United States in sums not less than ten dollars and receive therefor certificates of notlessthan ten dollars each, corresponding with the denominations of the United States notes. The coin deposited for or representing the certificates shall be retained in the Treasury for the payment of the same on demand. Saidcertificatesshallbereceivableforcustoms, taxes, and all public dues, and, when so received, raa,y be 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 pa.yable in like manner and for like purposes as is provided for by the act of February 28. 1878. Indefinite... Ondemand None . $435,014,000. 00 CO CO o The act of March 14, 1900, provide.s that it shall be the duty of the Secretar.y oi the Treasury, as fast as silver dollars are coined under the provisions of the acts of Juiy 14, 1890, and J u n e 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 provides that silver certificates shall be issued only of denominations ol ten dollars and under, except that not exceeding in the aggregate ten per centum of the total volume of said certifi cates, in the discretion of the Secretary of the Treasury, may be issued in denominations of twent.y dollars, fifty dollars, and "one huudred dollars; and silver certificates of higher denomination than ten dollars, except as therein provided, shall, whenever received at the Treasury or redeemed, be retired and canceled, and certiLcates of denominations of ten dollars or less shall be substituted therefor, and after such substitution, in whole or in part, a like volume of United States notes of less denomination than ten dollars shall from time to time be retired and canceled, and notes of denominations of ten dollars and upward shall be reissued in substitution therefor, with like qualities and restrictions as those retired and canceled. GO te O te / REFUNDING CERTIFICATES. The actof February 26,1879 (20 Statutes, 321), authorizes th Secretary of th- Treasurytoissue, inexchangefor lawfulmoney of theUnited States, certificates of deposit of the denomination of ten dollars, bearing interest 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 money so received to be applied only to the payment oi the bond? bearing interest at a rate not less than five per centum, in the mode prescribed by said act. FUNDED LOAN OF 188i; CONTINUED A T 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 agreement between the Secretary of the Treasury and the holders, and were made redeemable at the pleasure of the Government. FUNDED LOAN OF 1891, CONTINUED AT TWO PER CENT. These bonds were issued iu exchange for the four and one-half per cent funded loan of 1891, b.y luutnal agreement between the Secretary of the Treasury and tlie holders, and weremade redeemable at the pleasure of the Government. LOAN OF J U L Y 12, 1882. These bonds were issued in exchange for the five and six per cent bonds which had been previously continued at three and one-half per cent by mutual agreement between tho Secretar.y of the Treasury and the holders, and weremade redeemable at the pleasure of the Government. Indefinite. Convertible in- 4 per c e n t . . . Par to 4 per cent bonds. No limit $40, 012, 750. 00 O te w te te GO Indefinite... A t pleasure of the Government. 2^ per cent.. Par d ,' Indefinite. At pleasure of the Government. 2 per cent. Par Indefinite. At pleasure of the Government. 3 per cent.. Par 25,364,500.00 CO T A B L E A.—STATEMENT OF T H E OUTSTANDING P R I N C I P A L OF THE P U B L I C D E B T , ETC.—Continued. Length of loan. t LOAN OF 1904. 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 a t n o t less than par, in coin,.either of the d e s c l p t ^ n s of bonds of the United States described in the act of July 14,1870 (16 Statutes, 272), for the purpose of redeeming, on and afier January 1, 1879, in coin, at the otfice 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. 10 years When redeemable. Rate of interest. Price at which sold. Feb. 1,1904. 5 per cent. 117.223 117.077 Amount authorized. Amountissued, $100, 000, 000. 00 CO GO Amount outstanding. , 854,100. 00. te te O LOAN OF 1925. The act of January 14,1875 (18 Statutes, 296), authorizes the Secretary of the Treasury to use any surplus revenues from time to time in the Treasury not otherwise appropriated, and to issue, sell, dispose of at not less than par, in coin, either of the descriptions of bonds ofthe UnitedStates described in the actof 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 theUnited States in New York, the outstanding United States legal-tender notes, \ when presented in sums of not less than fifty dollars. 30 years. LOAN OF 1908-1918. The act of J u n e 13,1898 (30 Statutes, 467, sec. 33), authorizes the Sec- 10 years , retary of the Treasury to borrow on the credit of the United States, from time to time, as the proceeds raay be required, to defray expenditures authorized on account ofthe war with Spain (such proceeds when received to be used ouly for the purpose of meeting such expenditures), the sum of four hundred million dollars, or so much thereof as may be necessary, and to prepare and issue therefor coupon or registered bonds of theUnited States in suoh form as he may i)iescribe, and iu denominations of twenty dollars or some multiple of that sum, redeemable in coin at the pleasure of the United States after ten years from the date of their issue, and payable tweuty years from such date, and bearing interest payable quarterly in coin at the rate of three per centum per annum"; the bonds so issued to be exempt from all taxes or duties of the United' States, as well as from taxation in any form by or under State, municipal, or local authority. Feb.1,1925... 4 per cent. /104.4946 Un.l66 162, 315, 400. 00 162, 315,400. 00 w o w te te M After Aug. 1, 1908. 3 per cent... Par '$400,000,000.00 198,792,640. 00 9, 621,420.00 •a te GO CONSOLS OF 1930. The act of March 14,1900, section 11, authorizes the Secretary of the 30 y e a r s Treasury to receive at the Treasury any of the outstanding bonds of the United States of the five per cent loan of 1904, ofthe four per cent funded loanof 1907, and of the three per cent loan of 1908-1918, and to issue in exchange therefor an equal amountof coupon or registered bonds of the.United States, in such form as he may prescribe, in denominaiions of fift.y dollars, or any multiple thereof, bearing interest at the rate of two per centum per aunum, payable quarterly, such bonds to be payable at the pleasure of the United States^ after thirty years from the date of their issue. The principal and interest of aaid bonds to be payable in gold coin of the present standard value, and to be exempt from the payraent of all taxes or duties of the IJnited States, as well as frbm taxation in any form by or under State, raunicipal, or local authority. The bonds to be issued at not less than par and numbered cbnsecutivel.y in the order of their issue; and when pa.yment 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 redeera. A f t e r A p r . ' 1, 1930. 2 per c e n t . . . P a r . . . . . 839,146, 340. 00 307,125, 350. 00 445, 940, 750. 00 • GO te O te H > TREASURY NOTES OF 1890. Theact of July 14,1890 (26 Statutes, 289), directs the Secretary of the Treasury to purchase, from time to time, silver bullion to the aggregate amount of four million five hundred thousand ounces, or so much thereof as may be offered, in each month, at the raarket price thereof, not exceeding one 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 forrn and of such denoruinations, not less than one deLla,r nor more than one thousand dollars, as he may prescribe. That said notes shall be redeemable on demand, in coin, at the Treasuxy of the United States, or at the office of any assistaut treasurer ofthe Uuited 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, and shall be receivable tor custoras, taxes, and all public dues, and when so received may be reissued; and such notes, when held b.y any national banking association, may be counted as a part of its lawful reserve. That upon demand of the holder of any ofthe Treasury notes provided for, the Secretary of the Treasur.y 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 x)arity with each other upon thepresent legal ratio, or such ratio as may be provided by law. 47, 783, 000. 00 O te W te te CO a • CO CO T A B L E A.—STATEMENT 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. o o ^ Length of loan. When redeemable. Rate of interest. Price at w^hich sold. Amount authorized. Amountissued. Amount outstanding. TREASURY NOTES OF 1890—Continued. The act of November 1,1893 (28 Stat., 4), repeals so much of the act of Jul.y fourteenth, eighteen hundred and ninety, as directs the Secretary ofthe Treasury to purchase from time to tirae silver bullion to the aggregate amount of four million five hundred thousand ^ ounces, or so much thereof as may be ofi'ered in each month, at the market price thereof, and to issue in payraent for such purchases Treasury notes of the United States. The act of J u n e 13, 1898 (30 Stat., 467), directs that all ofthe silver bullion in the Treasury purchased in accordance with the provisions of the actof J u l y 14, 1890, shall be coined into standard silver dollars as rapidly as the public interests may require, to an amount of notlessthan one and onehalf millions of dollars in each month, and that said dollars, when so coined, shall be used and applied in the manner and for the purposes named in said act. The act of March 14,1900, provides that United States ncttes, 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 redeeraed in gold coin of the standardfixed by said act, and requires that the Secretar.y of the Treasury shall set apart in the Treasury a reserve fund of one hundred and fifty million dollars to be used for sucb redemption 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, and J u n e 13, 1898, from-bullibn purchased u n d e r t h e actof Jul.y 14, 1890, to retire and cancel an equal araount of Treasury notes whenever received into the Treajsury, and upon such cancellation to issue silver certificates against the silverdollars 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 of the United States to the respective credits ofnational banks for deposits made to redeem the circu-o Iating notes of such banks, and all deposits thereafter received for like purpose, shall be covered into the Treasury as a iniscellaneous receipt, and the Treasurer of the United States shall redeem from the general cash in the Treasury the circulating notes of said banks which may corae into his possession subject to redemption, * * * and the balance remaining of the deposits so covered shall, at the close of each month, be reported on the monthly public debt statement as debt of the United States bearing no iuterest. a Exclusive of $13,000 bonds issued to Pacific railroads not yet redeemed. te te O o H W te te M a te GO $29, 404, 309.50 a2,143,326,933,89 SECEETARY OF T H E TREASURY. 101 T A B L E B . - -STATEMENT OF THE OUTSTANDING P R I N C I P A L OF THE P U B L I C D E B T OF THE U N I T E D STATES ON THE 1ST OP J A N U A R Y OF EACH YEAR FROM 1791 TO 1 8 4 3 , I N C L U S I V E , A N D ON T H E I S T O F J U L Y OF E A C H Y E A R F R O M 1 8 4 3 TO 1 9 0 1 , INCLUSIVE. Year. Jan. 1,1791. 1792. 1793. 1794. 1795. 1796. 1797. 1798. 1799. 1800. 1801. 1802. 1803. 1804. 1805. 1806. 1807. ^ 1808. 1809 1810. 1811. 1812. 1813. 1814. 1815. 1816. 1817. 1818. 1819. 1820. 1821 1822. 1823. 1824, 1825 1826. 1827. 1828 1829. 1830 1831. 1832, 1833: 1834 1835, 1836, 1837. 1838 1839 1840 1841 1842 1843 Amount. Year. $75, 463,476. 52 July 1,1843.. 1844.. 77, 227,924.66 1845-. 80,358, 634. 04 1840.. 78,427, 404. 77 1847.. 80, 747,587.39 1848 •. 83,762, 172.07 1849.. 82, 064,479.33 1850 . 79, 228,529.12 1851.. 78.408, 669.77 1852.. 294. 35 82, 976, 1853-. 83, 038,050.80 1854.. 632.25 80,712, 1855.. 77, 054,686.40 1856-. 86,427, 120. 88 1857.. 82,312, 150. 50 1858.. 75,723, 270. 66 1859.. 69, 218,398.64 I860-. 65,196, 317. 97 1861.. 57, 023,192.09 1862.. 53,173, 217. 52 1863.. 48, 005,587. 70 1864.. 45, 209,737. 90 1865.. 55, 962,827. 57 1866.. 81,487, 846. 24 1867.. 99, 833 860.15 1868.. 127, 334,933. 74 1869.. 123,491, 965.16 1870.. 103, 466.633. 83 1871.. 95, 529,648. 28 1872.. 91, 015,566.15 1873.. 89, 987,427.66 1874.. 93, 546,676. 98 1875.. 877. 28 90,875, 1876.. 90, 269,777. 77 1877.. 432. 71 83, 788, 1878.. 81, 054,059. 99 1879.. 73. 987,357. 20 1880.. 67,475, 043. 87 1881.. 413. 67 58, 421, 1882., 48, 565,406. 50 1883.. 39,123, 191. 68 1884. 24,322, 235.18 1885.. 698. 83 7,001, 1886.. 4,760, 082. 08 1887.. 33, 733.05 1888.'. 513.05 37, 957. 83 1889.. 336, 124.07 1890., 3,308, 221.14 1891. 10,434, 343. 82 1892. 3, 573,875. 54 1893 J, 5, 250,480. 73 1894. 13,594, 226. 27 1895. 20, 201, 1896. 1897. 1898. 1899. 1900.. 1901. Araouut. $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, 911,88L03 58, 496, 837. 88 64, 842, 287. 88 90, 580, 873. 72 524, 176, 412.13 1, 119, 772,138. 63 1, 815, 784, 370. 57 2, 680, 647, 869. 74 2, 773, 236,173.69 2, 678, 126,103.87 2,'611, 687, 851.19 2, 588, 452, 213. 94 2, 480, 672, 427.81 2, 353, 211, 332. 32 2, 253, 251,328.78 a 2, 234, 482,993. 20 a2,251, 690,468. 43 a 2, 232, 284,53J.95 a2,180, 395, 067.15 a 2, 205, 301,392.10 a 2, 256, 205, 892. 53 a2, 349, 567, 482. 04 a2,120, 415,370.63 a% 069, 013, 569. 58 a l , 918, 312,994.03 a 1,884, 171, 728. 07 rtl, 830, 528, 923.57 b 1, 876, 424,275.14 b 1, 750, 445, 205078 61,688, 229, 591. 63 & 1,705, 992,320.58 & 1,640,073,340.23 61,585, 821, 048.73 61,560, 472, 784. 61 61,628, 840,151.63 6 1 , 598, 111, 156.13 61,668, 757,127.68 61,098, 676,661. 25 61,778, 434,491. 40 61,811, 435, 708.90 61,798, 066, 921. 90 61,984, 766,107. 92 62,101, 445, 225. 67 62,094, 481, 966. 89 a I n t h e a r a o u n t h e r e s t a t e d as t h e o u t s t a n d i n g p r i n c i p a l of t h e p u b l i c d e b t a r e i n c l u d e d t h e certific a t e s of d e p o s i t o u t s t a n d i n g on t h e 30th of J u n e , i s s u e d u n d e r a c t of J u n e 8, 1872, for w h i c h a l i k e a m o u n t i n U n i t e d S t a t e s n o t e s w a s on special d e p o s i t i n t h e T r e a s u r y for t h e i r r e d e m p t i o n a n d added t o t h e c a s h b a l a n c e in t h e T r e a s u r y . T h e s e certificates, a s a m a t t e r of a c c o u n t s , a r e t r e a t e d a s a p a r t ^of t h e p u b l i c d e b t , b u t b e i n g offset b y n o t e s held on d e p o s i t for t h e i r r e d e m p t i o n , s h o u l d p r o p e r l y be d e d u c t e d from t h e p r i n c i p a l of t h e p u b l i c d e b t i u m a k i n g c o m p a r i s o n w i t h f o r m e r y e a r s . b E x c l u s i v e of gold, silver, currenc.y certificates, a n d Treas.ury n o t e s of 1890 held in t h e T r e a s u r e r ' s c a s h , a n d i n c l u d i n g b o n d s i s s u e d t o t h e s e v e r a l Pacific r a i l r o a d s . n o t y e t r e d e e m e d . T A B L E C — A N A L Y S I S OF THE Year. 2 per cents. 1856—July I 1857 1858 1859 1860 1861 1862 1863 . 1864 1865 1865—August 3 1 . . 1866—July 1 1867 ". 1868 1869 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879 1880 1 1881 1882 1883 1884 1885 1886 1887 1888 . . . 18891 1890 1891 1892 1893 . . . . . . 1894 1895 1896 1897 1898 . 1899 1900 '$367,"i25,"356.'6()'. 1901 445, 940, 750.00 " 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 THE U N I T E D STATES FROM J U L Y 3 per cents. 3i p e r c e n t s . $57, 926,116. 57 105, 629, 385. 30 77, 547, 696. 07 90,496, 930. 74 618,127.98 121, 341, 879. 62 17, 737, 025. 68 801, 361. 23 ! 1 i i 11 $64, 000, 000. 00 66,125, 000. 00 59, 550, 000. 00 45, 885, 000. 00 24, 665, 000.00 14, 000, 000. 00 14, 000, 000. 00 14, 000, 000. 00 14,000, 000. 00 14, 000, 000. 00 14, 000, 000. 00 14, 000, 000. 00 14, 000, 000. 00 14, 000, 000. 00 14, 000, 000. 00 318,204, 350. 00 238, 612, 150. 00 208,190, 500. 00 158, 046, 600. 00 33,716, 500. 00 14, 000, 000. 00 14, 000, 000. 00 14, 000, 000.00 198, 678, 720. 00 128, 843, 240.00 99, 621 420. 00 4 per cents. 678, 678, 678, 678, 678, $460, 461, C50. 00 32, 082, 600. 00 000. 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, 870, 220. 00 419,724, 770. 00 4^ p e r c e n t s . 5 per cents. $3, 632, 000. 00 3,489,000. 00 23, 538, 000. 00 37,127, 800. 00 43,476, 300.00 33, 022, 200. 00 30, 483, 000.00 30, 483, 000. 00 300, 213, 480. 00 245,709, 420. 63 269,175, 727. 65 201, 982, 665. 01 198, 533, 435. 01 221, 586,185. 01 221, 588, 300. 00 221, 588, 300. 00 • 274, 236, 450. 00 414,567,300.00 414, 567, 300. 00 510, 628, 050. 00 007,332,750.00 711, 685. 800. 00 $140, 000,000. 00 703, 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, 000, 000. 00 i 250, 000, 000. 00 250, 000, 000. 00 • 1 250, 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 «25,364,500.00 100,000,000.00 47, 651,200. 00 a 21, 979, 850. 00 21, 854,100.00 a Continued at 2 per cent. 1, 1856, 6 per cents. . $28,130, 761. 77 . 24,971,958.93 21,162, 838.11 21,162, 938.11 21,164, 538.11 57, 358, 673. 95 154, 313, 225. 01 431,444,813.83 842, 882, 652. 09 1,213,495,169.90 1,281,736,439.33' 1,195,546,041.02 1,543,452,080.02 1,878,303,984.50 1, 874, 347, 222. 39 1, 765, 317, 422. 39 1, 613, 897, 300. 00 1, 374, 883, 800. 00 1, 281, 238, 650. 00 1, 213, 624, 700. 00 1,100, 865, 550. 00 984, 999, 650. 00 854,621,850.00 738i 619, 000. 00 ' 283, 681, 350.00 235, 780, 400. 00 196, 378, 600. 00 TO J U L Y 1, 7j% p e r c e n t s . $122,582, 485.34 139,974, 435. 34 139, 286, 935. 34 ' 671, 610, 397. 02 830, 000, 000. 00 813, 460, 621. 95 488, 344, 846. 95 37, 397,196. 95 ::::::::::::i;:::: 1901. Total interestbearing debt. $31,762, 76L 77 28,460, 958. 93 44, 700, 838.11 58, 290, 738.11 64,640,838.11 90, 380, 873.95 365, 304, 826. 92 707, 531, 634.47 1, 359,930, 763. 50 2, 221,311, 918. 29 2,381,530,294.96 2,332,331,207.60 2, 248, 067, 387. 66 2, 202,088, 727. 69 2,162, 060, 522. 39 2, 046, 455, 722. 39 1, 934, 696, 750.00 1, 814,794,100.00 1,710,483, 950. 00 1 738,930,750.00 1, 722, 676, 300.00 1, 710,685, 450. 00 1, 711, 888, 500.00 I, 794,735, 650. 00 1, 797, 643,700. 00 1,723,993,100.00 1, 639, 567, 750. 00 1,463, 810; 400. 00 1,338,229,150.00 1,226,563.850.00 1,196,150, 950. 00 1,146,014,100.00 1,021,692,350.00 950, 522, 500. 00 829, 853, 990. 00 725,313,110.00 610, 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 1,023,478,800.00 987,141, 040. 00 o te te o W te te M o te GO T A B L E C — A N A L Y S I S O P 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 S T A T E S , ETC.—Continned. Debt on which interest has ceased. 1856—Julyl 1857 1858 1859 1860 1861 1862 1863 1864 1865 1 8 6 5 — A u g u s t 31. 1866—July 1 1867 1869. 1870-, 1871. 1872. 1873. 1874., 1875., 1876., 1877., 1878. 1879. 1880. 1881. 1882., 1883., 1884. 1885., 1886. 1887., 1888-. 1889., 1890.. 1891.. 1892.. 1893.. 1894.. 1895., 1896.. 1897.. 1898.. 1899.. 1900.. 1901.. Debt bearing no interest. $209, 776.13 238, 872. 92 211, 042.92 206, 099.77 201, 449. 77 199, 999. 77 280,195. 21 , 591, 390. 00 473, 048.16 411, ,767,456. 00 416, 335.86 455, ,437,271.21 1, 245,771.20 458, ,090,180.25 1,503, 020.09 461, , 616, 311. 51 935, 092.05 439, , 969, 874. 04 1, 840,615.01 428, , 218,101. 20 1,197, 340.89 408, , 401, 782.61 5, 260,181. 00 421, , 131, 510.55 3,708, 641,00 430, , 508, 064.42 1, 948,902.26 416, , 565, 680.06 7,926, 797. 26 430, , 530, 431. 52 51,929, 710.26 472, , 069, 332.94 3,216, 590.26 509, , 543,128.17 11,425, 820.26 498, , 182, 411. 69 3,902, 420. 26 465, , 807,196.89 16,648, 860.26 476, , 764, 031.84 5, 594,560. 26 455. , 875, 682. 27 37, 015,630. 26 410, ,835,741.78 7, 621,455.26 388, , 800, 815. 37 422, ,721,954.32 6, 723,865.26 438i, 241, 788.77 16, 260,805. 26 538, , 111, 162. 81 7, 831,415.26 584, , 308, 868. 31 19, 656,205. 26 663, , 712, 927. 88 4,100, 995.26 619, r344,468.52 9,704, 445.26 629, , 795, 077. 37 6,115,165. 26 739, 840, 389.32 2, 496,095. 26 787, , 287, 446. 97 1,911, 485. 26 825, ,011,289.47 1,815, 805.26 933, , 852, 766. 35 1, 614,705.26 2,785, 875. 25 1, 000,, 648, 939.37 958, , 854, 525.87 2,094, 060. 26 995, , 360, 506.42 1,851,,240. 26 958, , 197, 332. 99 1, 721,590. 26 920, , 839, 543.14 1,636, 890.26 968, , 960, 655.64 ' 1,346,880.26 947, ,901,845.64 1,262, 680.26 944, , 660, 256.66 1,218, 300.26 1,176, 320. 26 1,112,,305,91L41 1,415, 620.26 1,154.,770,273. 63 Outstanding principal. C.<ish in the Trea.sury July 1. $21, 006, 584.89 $31, 972, 537. 90 18, 701,210.09 28, 699, 831. 85 7, Oil,689. 31 44, 911, ,881.03 496, 837.88 5, 091, 603. 69 58, 4, 877, 885.87 64, 842, 287.88 2, 862, 212. 92 90, 580,873.72 18, 863, 859. 96 524, 176,412.13 772,138. 63 1.119, 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. 69 137, 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 2.120, 415, 370. 63 201, 088, 622.88 2, 069,013, 569.58 249, 363, 415. 35 1,918, 312, 994. 03 243, 289, 519. 78 I, 884,171, 728.07 345, 389, 902. 92 I, 830,528, 923.57 391, 985, 928.18 I, 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, 984. 58 629, 854,089.85 I, 619,052, 922.23 643, 113,172.01 I, 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 I, 545,985, 686.13 707, 016, 210. 38 I, 632,253, 636. 68 732, 940, 256.13 1, 676,120,983.25 . 774,448, 016. 51 I, 769,840, 323. 40 •814, 543, 069. 70 I, 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 2,143, 326,933. 89 1,098, 587, 813.92 Total debt less cash in Treasury. $10, 965, 953. 01 9, 998.621.76 37, 900,191.72 53, 405, 234.19 59, 964, 402.01 87, 718, 660.80 505, 312, 752.17 1, 111,350, 737.41 1. 709,452, 277.04 2, 674,815,856.76 2, 756,431,571.43 2, 636,036,163.84 2, 508,151, 211.69 2, 480,853, 413. 23 2,432, 771,873.09 2, 331,169,956.21 2, 246.994, 068. 67 2,149, 780, 530. 35 2,105, 462, 060.75 2,104, 149.153. 69 2,090, 041,170.13 2, 060,925, 340,45 2, 019,275,431. 37 1,999, 382, 280.45 1,996, 414, 905. 03 1, 919,326, 747. 75 1, 819,650.154. 23 I, 675,023, 474. 25 1, 538,781, 825.15 I, 438,542, 995. 39 I, 375,352, 443. 91 I, 282,145,840.44 1,175, 168,675.42 1,063, 004, 894. 73 975, 939, 750. 22 890, 784, 370. 53 851, 912,'75L78 841, 526. 463. 60 838, 969'475.75 899, 313, 380. 55 901, 672, 966.74 955, 297, 253.70 986, 056. 086.14 1,027, 085, 492.14 1,155, 320, 235.19 1,107, 711, 2.57. 89 1,044, 739,119. 97 Annual interest charge. $1,869, 445.70 1, 672,767.53 2,446, 670.28 3,126, 166.28 3,443, 687.29 5, 092,630.43 22, 048,509.59 41, 854,148.01 78, 853,487.24 137, 742,617.43 150, 977,697.87 146, 068,196.29 138, 892,451. 39 128,459, 598.14 125, 523,998. 34 118,784, 960. 34 111, 949,330. 50 103, 988,463. 00 98, 049,804.00 98, 796,004.50 96, 855,690.50 96,104, 269.00 93,160, 643.50 94, 654,472. 50 83,773, 778. 50 79,633, 981.00 75, 018,695. 50 57,360, 110.75 51, 436,709.50 47, 926,432. 50 47, 014,133, 00 45, 510,098, 00 41,780, 529. 50 38,991, 935.25 33, 752,354. 60 29, 417,603.15 23, 615,735. 80 22, 893,883.20. 22, 894,194.00 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, 545,180.00 29, 789.153.40 N O T E 1.—Annnal interest charge computed on amount of outstanding principal at close of fiscal y e a r , and is exclusive of interest charge on Pacific railway bonds. N O T E 2,—The figures for July 1, 1879, were made up assuming pending funding operations to have been completed. NOTE 3.—The temporary loan per act of July 11, 1862, is included in the 4 per ceuts from 1862,to 1868, inclusive, with the exception of the amount outstanding August 31, 1865, this being the date at which the public debt reached Its highest point. This loan bore interest from 4 per cent to 6 per cent, and. was redeemable on ten days' notice after thirty d a y s ; but being constantly changing, it has been considered more equitable to include the whole amount o-atfltanding as bearing 4 per cent interest on an average for the year. CO te te o te i ^ W te te \> d CO 104 REPORT ON T H E FINANOES. 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 TREASURY N O T E S ( B Y WARRANTS) FOR THE F I S C A L Y E A R E N D E D J U N E 30, 1901. Issues. 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 1 7 a n d A u g . 5, 1861 L o a n of J u l y a u d A u g . , 1861, a c t s of J u l y 17 a n d A u g . 5, 1861, continu e d a t 3^ p e r c e n t (called) 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, 1862, J a n . 7 a n d M a r . 3,1863, a n d M a r . 14,1900 F r a c t i o n a l c u r r e n c y , a c t s of J u l y 17, 1862, M a r . 3,1863, a n d J u n e 30,1864. Gold certificates, a c t s of M a r . 3,1863, J u l y 12,1882, a n d M a r . 14,1900 L o a n of 1863, a c t of M a r . 3,1863 O n e - y e a r n o t e s of 1863, a c t of M a r . 3, 1863 T w o - y e a r n o t e s of 1863, a c t of M a r . 3, 1863 C o m p o u n d - i n t e r e s t n o t e s , a c t s of M a r . 3,1863, a n d J u n e 30,1864 . . . . . . S e v e n - t h i r t i e s of 1864 a n d 1865, a c t s of J u n e 30,1864, a n d M a r . 3 , 1 8 6 5 . . . . Consols of 1865, a c t of M a r . 3,1865 Consols of 1867, a c t of M a r . 3,1865 Consols of 1868, a c t of M a r . 3,1865r.:. 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, 1872 R e f u n d i n g certificates, a c t of P e b . 26,1879 S i l v e r certificates, a c t s of P e b . 28, 1878,and M a r . 14,1900. R e d e m p t i o n of n a t i o n a l - b a n k n o t e s , a c t J u l y 14,1890 : T r e a s u r y n o t e s of 1890, a c t s . o f J u l y 14,1890, a n d M a r . 14,1900 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 u . 14,1875.. F u n d e d l o a n of 1891, a c t t J u l y 14, 1870, J a n . 21,1871, a n d J a n . 14,1875, continued at 2 per cent L o a n of 1904, a c t s of J a n . 14,1875, a n d M a r . 14,1900 F u n d e d loan of 1907, a c t s J u l y 14, 1870, J a n . 20,1871, J a n . 14,1875, a n d M a r . 14,1900 L o a n of 1908-1918, a c t s of J u n e 13, 1898, a n d M a r , 14,1900 Consols of 1930, a c t of M a r . 14,1900... B o n d s i s s u e d to, Pacific r a i l r o a d s , a c t s J u l y 1,1862, a n d J u l y 2,1864... Total. E x c e s s of i s s u e s E x c e s s of r e d e m p t i o n s . Redemptions. E x c e s s of issues. E x c e s s of redemptions. $14,000.00 $14, 000.00 500.00 $91,680,000.00 91,680,000.00 114, 570,000.00 53,409,490.00 3, 000. 00 500. 00 2,578.78 2, 578.78 $61,160,510.00 3, 000.00 100.00 IOO. 00 100. 00 100.00 '550.00 550.00 100. 00 1,000.00 10,000,00 100, 00 100. 00 1, 000. 00 10, 000. 00 100.00 . 3, 705,000. 00 3,705,000. 00 - 2,150.00 2,150. 00 200, 852, 000. 00 12,882,868.50 181,853,000.00 18,999, 000.00 18,626,437. 50 5,743, 569.00 28;244, 000. 00 28,244,000.00 5,850, 00 5, 850.00 21, 705, 250.00 21,705,250,00 a 25,797,100.00 25,797,100.00 & 3, 700. OC 3 , 7 0 0 . 00 c 98,156,000. 00 98,156, 000.00 d 29,221,820.00 138, 815, 400. 00 29,221,820.00 138,815,400.00 8,000.00 558, 803, 968.50 552,446,126.28 8, 000. 00 218,978,610.00 212,620,767.78 218,^978,610,00 212, 620,767.78 N e t e x c e s s of i s s u e s c b a r g e d in r e ceipts and expenditures a R e d e e m e d , $1,084,300; e x c h a n g e d for 2 p e r c e n t consols of 1930, $24,712,800. & I s s u e d in e x c h a n g e for r e f u n d i n g c e r t i t i c a t e s . « R e d e e m e d , $12,983,700; e x c h a n g e d for 2 p e r c e n t consols of 1930, $85,172,300. d R e d e e m e d .'H'?.91 520- excha,iiged for 2 p e r c e n t consols of 1930, $28,930,300. 6, 357, 842.22 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 DURING EACH YEAR FROM ITS INSTITUTION I N M A Y , 1869, TO AND INCLUDING J U N E 30, 1901. Principal redeemed.. Year ended- Five-twenties of Five-twen ties of Five-twenties of Five-twen ties of Consols, 1865 Consols, 1867 Consols, 1868 J U N E 30, 1869. 1862 , March, 1864 J u n e , 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, 1870. 1862 March, 1864 June, 1864 . . . .\ 1865 , Total Fiye-twenties of Five-twenties of Five-twenties of Five-twenties of Consols, 1865 Consols, 1867 Consols, 1868 J U N E 30,^871. 1862 March, 1 8 6 4 . . . . . . . . . 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, 1872. 1862 .' March, 1864 June, 1864 1865 Total , Premium paid. N e t cost in currency. Net cost estimated in gold. Interest due at close of fis. cal year. Accrued interest paid in coin. FISCAL Balance of interest due at closeof fiscal year. $1,621,000.00 70, 000. 00 1,051, 000, 00 465, 000. 00 461, 000. 00 4,718, 000, 00 305, 000. 00 $253, 822. 84 I I , 725. 00 161,946, 45 74,969, 00 73, 736.80 749, 208. 08 49,442. 50 $1, 874; 822, 84 81, 725. 00 1, 212, 946. 45 539, 969.00 534, 736. 80 5,467,208.08 354, 442. 50 $1,349, 970. 02 57, 552. 82 873, 205. 61 387, 566. 28 387, 903. 26 3,948,586.11 256, 653. 20 $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 8, 691, 000. 00 1, 374, 850, 67 10, 065,850.67 7, 261,437. 30 196, 590.00 136,392.56 60,197.44 3, 542, 050.00 85, 000. 00 3,971, 400. 00 2, 790, 250.00 11, 532,150. 00 5,882,550.00 348, 500. 00 493,479. 42 15, 742. 87 506,189. 91 361, 735. 43 1, 454, 778. 3'7 861,763. 73 53,363. 95 4,035, 529.42 100, 742. 87 4, 477, 589.91 3,151,985.43 12, 986,928. 37 6,744, 313. 73 401, 863. 95 3, 263, 099.51 75, 658. 54 3,647, 628. 29 2, 606, 636. 20 10, 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 28,151, 900. 00 3, 747, 053. 68 31, 898,953. 68 25,893,143.57 1, 254, 897. 00 351, 003.54 903,893.46 3,020, 557.56 31,777.20 4, 307, 879. 63 7,-343,523.00 I I , 073,149.79 6,644, 609.41 57, 384. 61 2, 080, 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 149r671.54 239, 673.92 412, 661.72 274, 782. 07 2, 512. 87 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 29,936, 250.00 2,542,631.20 32,478,881.20 28, 694, 017. 73 1,557,264.50 367,782. 53 1,189,481. 97 6,417,850.00 127, 100. 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 11,660,785.89 6,863, 777. 39 84,595. 02 427,849.00 8, 894. 00 246,001. 50 246, 562.00 707,334.00 417,534. 00 5,151. 00 75,179.43 1,338. 70 57,449.80 37,817. 37 149,248.2] 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 1,628,417.12 GO te O te > >4 o te'. IT: m te Hi te d CJt T A B L E E . — S T A T E M E N T S H O W I N G 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 , Y e a r ended— Principal redeemed. Premium paid. $7,137,100. 00 50, 000.00 3, 741,150. 00 1,959, 850. 00 10,768, 250. 00 4,402,100'. 00 619, 550. 00 $925, 783. 87 7,372. 50 480,684. 37 250, 635.93 1,371,187.17 553,610. 89 81, 983. 44 N e t cost in currency. N e t cost estimated in gold. $8, 062, 883,87 57, 372.50 4, 221,834. 37 2, 210, 485.93 12,139,437,17 4,955, 710,89 701, 533, 44 $7,089,542.58 49, 780. 91 3, 715, 211. 22 1, 943,488. 93 10, 668, 617. 09 4, 373,781. 76 617,140. 34 Interest due a t close of fiscal y e a r . ETC.—Continued. Accrued interest paid i n coin. o B a l a n c e of interest due a t close of fiscal y e a r . J U N E 30, 1873. Five-twenties Five-twenties Five-twenties Five-twenties Consols 1865 Consols, 1867 Consols, 1868 of 1862 of M a r c h , 1864. of J u n e 1864 of 1865 •. '. • Total 28, 678,000. 00 3, 671, 258.17 32, 349, 258.17 1,421,700. 00 2, 020, 550. 00 1,247,250.00 3, 393, 650. 00 4, 051, 000. 00 802,300.00 161, 219.79 218,457.39 135, 577. 95 360, 964. 62 432, 348.18 86,505. 62 1, 582, 919. 79 2, 239, 007. 39 I, 382, 827. 95 3, 754, 614. 62 4, 483, 348.18 •^ 888,805.62 12, 936,450. 00 1,395,073.55 14,331, 523. 55 28, 457,562. 83 $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 96,522.03 531,025. 66 194, 493.49 28, 224.60 1,725, 881. 50 392,385. 45 1, 333, 496.05 31,743. 95 48,013. 46 29, 348.19 46,489.33 55,976. 97 n.014.38 67,775. 05 93,425.04 57,959. 31 157,129. 67 187, 083. 03 37,123. 62 222, 586. 28 , . 600,495.72 te te' o J U N E 30, f874. 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 J U N E 30, 1875. F i v e - t w e n t i e s of 1862 . J U N E 30, 1876. F i v e - t w e n t i e s of 1862 .. : F i v e - t w e n t i e s of J u n e , 1864 F i v e - t w e n t i e s of 1865 . . . . . . Total 1, 415, 391,05 2, 012, 051.32 1, 241, 571. 69 3, 374, 934.42 4, 029, 975.86 798,926.40 ! 99, 519. 00 141,438. 50 87,307. 50 203,619. 00 243. 060. 00 48.138.00 -, . , 12, 872, 850.74 823, 082. 00 25,170,400.00 25,170, 400.00 541,973. 50 3.53. 061..fie 188, 911. 94 5, 785, 200.00 10, 869, 600.00 1, 789, 250.00 5, 785, 200. 00 10,869,600. 00 1, 789, 250. 00 404, 964.72 760, 872. 00 125,247.50 54, 745. 72 171,966. 33 30, 805.86 350, 218. 28 588, 905. 67 94, 441. 64 18,444,050.00, 18,444,050.00 1,291,083.50 257, 517. 91 1,033,565.59 81, 200.00 178,900. 00 180, 350.00 6,050. 00 1,000.00 81, 200. 00 178, 900. 00 180,350.006, 050. 00 1, 000.00 4, 352.25 9, 943. 50 9, 519. 00 181.50 30. 00 1,181. 67 1,323.60 3,141.08 108. 97 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 J U N E 30, 1877. F i v e - t w e n t i e s of 1862 F i v e - t w e n t i e s of J u n e , 1864 F i v e - t w e n t i e s of 1865 . . Consols,1865 Consols, 1867 i : .. ' ! 0 Total 18, 249. 73 o te J U N E 30, 1878. 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. 17,900.00 15, 900. 00 2, 350.00 23, 600. 00 5, 700. 00 8, 500. 00 17, 900. 00 15, 900. 00 2, 350. 00 23, 600. 00 5, 700. 00 8, 500. 00 966, 00 834.00 129. 00 1,416,00 342. 00 510. 00 192. 65 78.41 40.92 273.35 134.76 89.83 773.35 755. 59 88.08 ,142.65 207. 24 420.17 73, 950. op 73, 950. 00 4,197.00 809. 92 3, 387.08 2, 650. 00 3,150.00 1,850. 00 1,700.00 9, 050. 00 100. 00 2, 650.00 3,150. 00 1, 850. 00 1, 700. 00 9, 050. 00 100.00 165. 75 94.50 85.50 102. 00 543. 00 6.00 40. 35 18.53 4L22 41.49 166. 62 .56 125.40 75.97 44.28 60.51 376. 38 5.44 te O W te 18, 500. 00 18, 500. 00 996.' 308.77 687.98 > 100.00 100. 00 250. 00 676, 050. 00 2, 837, 000. 00 32, 064, 250. 00 12,797,150. 00 202,550.00 23, 575, 450.00 1,500,000.00 $74,161. 95 ., 376, 085. 04 549, 035.18 8,273. 02 662,206. 97 125,558. 26 100.00 100. 00 250.00 676, 050.00 911, IOL 95 440, 335. 04 346,185.18 210, 823,02 237, 656,97 625,558.26 73, 652, 900. 00 2, 795, 320. 42 J U N E 30, 1879. 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. GQ J U N E 30, 1880. 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 T e n - f o r t i e s of 1864 L o a n of F e b r u a r y , 1861 L o a n of J u l y a n d A u g u s t , 1861. L o a n of M a r c h , 1863. Oregon w a r debt F u n d e d l o a n of 1881 F u n d e d l o a n of 1907 Total 76,448, 220.42 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 2,203, 806.45 935,951, 60 210.00 3.50 7.00 462, 390. 00 1, 002,747.00 361, 315. 50 2, 584. 50 1,106, 474.15 80, 22 ,25 1.74 160, 072. 88 200, 043. 95 83, 330. 51 551.11 263, 342.94 2,935,73L 65 707,423. 60 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 1, 267,854. 85 J U N E 30, 1881. 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 L o a n of F e b r u a r y , 1861. L o a n of J u l y a n d A u g u s t , 1861. L o a n of M a r c h , 1863 ^Oregon w a r d e b t . F u n d e d l o a n of 1881 Total. 3, 000. 00 50.00 100.00 7, 775,000. 00 16,712, 450, 00 7, 057,100.00 54, 250.00 42, 769, 400.00 51, 277. 58 488,876.11 199, 514. 62 1,408. 65 320,171. 82 74, 371, 350. 00 1, 061, 248. 78 3, 000.00 50.00 100.00 826, 277. 58 201, 326.11 256. 614.62 55, 658. 65 089, 571. 82 75,432,598. 78 o te, H^- W te i^. te w d:. Kl 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 o 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 , ETC.—Continued. CDCO' Y e a r ended— B a l a n c e of interest due at close of fiscal y e a r . 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 1,000.00 2, 224,4.50. 00 $1,368,894.64 91,701.75 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 60,079,150.00 1, 576, 337.23 612, 039.53 964, 297.70 100, 00 41,300,00 661,750. 00 34,128,150. 00 10,019,400.00 100. 00 41,300.00 661, 750. 00 34,128,150.00 10,019, 400.00 5.50 1,716.66 20,760.25 1,171,034.37 233,862.12 14.18 138.13 5,293.40 186,913.66 137,402. I I 8 68 1,578.53 15,466.85 984,120,71 96,460.01 44,850, 700.00 44,850,700.00 1,427,378.90 329,761.48 1,097,617.42 200.00 5, 200, 00 422, 550, 00 566, 250, 00 33,221, 450. 00 12,553, 950. 00 200. 00 5. 200. 00 422. 550.00 566, 250. 00 33, 221,450. 00 12,553, 950. 00 9.50 187.08 14, 789. 25 19,818.75 1,018,176.97 240,130.13 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 46,769,600.00 1, 293, I I L 68 318,879.93 974, 231.75 4, 000.00 100.00 1,100. 00 52,250.00 18,000. 00 230, 500. 00 45,282, 200. ^^ 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 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 interest 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 , 1861, c o n t i n u e d a t 3^ p e r c e n t L o a n of M a r c h , 1863, c o n t i n u e d a t 3^ p e r c e n t F u n d e d l o a n of 1881, c o n t i n u e d a t 3 i p e r c e n t . . . . . F u n d e d loan of 1881 Total J U N E 30, 1883. F i v e - t w e n t i e s of 1862 F u n d e d 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 3 i p 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^^'^per c e n t Total O J U N E 30, 1884. F i v e - t w e n t i e s of 1882 F u n d e d l o a n of 1881 L o a n of M a r c h , 1863, c o n t i n u e d a t 3^ p e r c e n t . . L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3^ p e r c e n t F u n d e d l o a n of 1881, c o n t i n u e d a t 3^ p e r c e n t L o a n of J u l y 12,1882 te; te o « • • te' te CPi Total ' J U N E 30, 1885. F i v e - t w e n t i e s of 1862 F i v e - t w e n t i e s of 1864 F u n d e d 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 n e d a t 3J p 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 L o a n of J u l y 12,1882 Total J J U N E 30, 1886. Oregon war d e b t . . = ...= . . . . . . . . Loan of J u l y and August, 1861 Loan of 1863 Five-twenties of 1862 Five-twenties of 1864 Five-twen ties of 1865 Ten-forties of 1864 Consols of 1865 Consols of 1867 .' Consols of 1868 F u n d e d l o a n o f 1881 Loan of 1882 Loan of 1863, continued at 3^ per cent Loan of J u l y and August, 1861, continued at 3^ per c e n t . . . Funded loan of 1881, continued at 3^ per cent Total "W100.00 2,500.00 1, IOO. 00 67,500. 00 4, 300. 00 300.00 14, 250. 00 15, 900.00 26,950. 00 12, 250. 00 49,800. 00 44, 044, 800. 00 4,100. 00 96, 750. 00 190, 750.00 100.00 2,500. 00 1,100.00 67,500.00 4, 300. 00 300. 00 14, 250. 00 15, 900. 00 26, 950. OO 12, 250, 00 49, 800, 00 44, 044, 800. 00 4,100, 00 96, 750, 00 190, 750. 00 L50 53.25 31.50 1,425. 00 85.25 6.00 356.25 419. 25 662.25 203. 25 826. 50 435,942. 00 123.00 2, 848. 50 4, 704.13 18.00 99. 00 33. 00 14,399. 00 31.14 2,02 278.80 842. 29 2,070. 75 570.04 868.55 220,617.44 31.32 1,560. 76 1,065. 34 44, 531, 350.00 44,531,350.00 447, 687. 64 242,487.45 47, 748, 750. 00 1, 300. 00 3,100. 00 28, 700.00 650. 00 8, 000. 00 2, 000. 00 13,400.00 18, 200. 00 34, 000. 00 500.00 1, 500. 00 8. 500. 00 25, 600. 00 47, 748,750, 00 1, 300. 00 3,100. 00 28, 700. 00 650. 00 8, 000. 00 2, 000,00 13,400. 00 18, 200.00 34, 000.00 500. 00 I, 500. 00 8, 500. 00. 25, 600. 00 47, 894, 200. 00 • 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 J U N E 30, 1887. Loanof 1882 Ten-forties of 1864 F u n d e d l o a n o f 1881 Loan of J u l y and August, 1861 Five-twenties of 1862 i Five-twenties of 1865 Loan of February, 1801 Loan of 1863 Consols of 1865 Consols of 1867 Consols of 1868 Loan of J u l y and Augnst, 1861, continued at 3§ per c e n t . . . Loan of 1863, continued a t 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 c e n t . . . Loan of 1863, continued a t 3^ per cent Fnnded loan of 1891 F u n d e d l o a n o f 1907 - Total -- 47,894,200,00 18, 880, 500. 00 19,455, 400. 00 5,389, 250. 00 43, 725,150. 00 1,555, 966.17 1,296,049.71 2,852,015.88 --.'.-. 1, 375, 653. 00 84.17 110.83 1,722. 00 45.50 560. 00 120. 00 804. 00 1, 092. 00 2, 040. 00 30.00 52.50 297. 50 926. 33 223,676. 38 119. 50 ' 166. 80 86L00 58.12 473. 92 60.00 . 402. 00 2,147.16 3,333.69 270. 25 22.58 60.31 213.17 1,151,976.62 35.33 55.97 861.00 12.62 86.08 60.00 402. 00 1, 055.16 1,293.69 240. 25 29.92 237.19 713.16 1,383,537.83 231,864.88 1,151,672.95 18, 880, 500.00. 21, Oil, 366.17 6, 685, 299.71 660, 630. 00 794, 247. 00 203,293. 00 94,660. 88 95,098.43 43,817.79 565,969.12 699,148. 57 159,475.21 46, 577,165. 88 1, 658,170. 00 233, 577.10 1,424, 592.00 69.00 30.00 1, 709. 25 105. 00 3.50 480,076.12 1, Oil, 368, 00 39.00 15.00 a 354.94 20.42 .91 39, 397.68 180,452. 69 1,493,360.87 220,280.64 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 CC te o t^ te H O te H W te te > w d 30.00 15.00 I, 354, 31 84.58 2.59 440,678.44 830, 915.31 1,273,080.23 o 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 , ETC.—Continued. Accrued interest paid i n coin. $710, 666. 79 7,536, 058.37 $4,050.00 1, 000. 00 • 3, 000. 00 12, 847,416.79 35, 231,658. 37 $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 8, 246, 725.16 48, 087,125.16 1 583 619 93 226. 381. .53 I, 357,238.40 6, 300.00 950.00 100. 00 27, 860,400.00 16,134, 000. 00 69, 945. 63 3, 790,140. 65 6, 300. 00 950.00 100.00 27, 930, 345, 63 19,924,140.65 183. 00 57.00 6.00 1, 075, 088.24 645, 641.50 • 44.76 28.50 3.00 1,156, 413. 38 54, 310. 28 138. 24 28.50 ^"3. 00 81, 325.14 591, 331.22 44, 001,750. 00 3, 860,086, 28 47,861,836,28 1, 720, 975.74 1, 210, 799.92 510 175 82 Principal redeemed. J U N E 30, 1890. L o a n of 1882 " L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3^ p e r c e n t . . '.. F u n d e d l o a n of 1881 * F u n d e d l o a n of 1891 .. ' " F u n d e d l o a n of 1907.. $4, 050.00 1, 000. 00 3,000.00 12,136, 750. 00 27, 695, 600. 00 39, 840,400.00 Total P r e m i u m paid. N e t cost. estimated in gold. N e t cost in currency. ' J U N E 30, 1891. L o a n of 1882 L o a n of J u l y a n d A u g u s t , 1861 Loanofl863 F u n d e d l o a n of 1891 F u n d e d loan of 1907 Total . . . . . .. 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 . Y e a r ended— J U N E 30, 1892. VV a r - b o u n t y s c r i p L o a n of 1860 . L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3^ p e r c e n t L o a n of 1863, c o n t i n n e d a t 3^ p e r c e n t F u n 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 i p e r c e n t L o a n o f 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. W a r - b o u n t y scrip L o a n of F e b r u a r y , 1861 L o a n of J u l y a n d A u g u s t 1861' L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3^ p e r c e n t L o a n of 1863 c o n t i n u e d a t 3^ p e r c e n t .... F u n d e d l o a n of 1881, 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 1 8 9 1 . . Total 50,00 10, 000. 00 10, 650.00 50.00 350. 00 500.00 15, 700. 00 24,225, 800. 00 47,700. 00 2.25 250. 00 370.12 1.75 11.67 10.79 218. 00 1,085, 419. 69 792.38 L42 250.00 93.30 .15 26. 76 4,25 53.64 179, 940. 75 41.93 276. 82 l.%60 15.09 6.54 164 36 905,478.94 ' 750.45 24, 310, 800.00 1, 087, 076. 65 180, 412. 20 906, 664.45 25. 00 1,000.00 7, 600.00 2, 000.00 1, 000. 00 1,000.00 76, 850. 00 511, 700. 00 25.00 1,000.03 7, 600. 00 2, 000. 00 1, 000. 00 1, 000.00 76, 850.00 511, 700. 00 .75 30.00 228.00 35.00 17.50 23. 33 2,653.75 16,580.99 .75 90.00 2, 358. 00 24.74 8.10 .86 377.80 5, 977. 72 60.00 2,130.00 10.26 9.40 22.47 2, 275.95 10, 603.27 601,175. 00 601,175. 00 19, 569. 32 8, 837. 97 10, 731.35 50.00 10, 000.00 10, 650. 00 50. 00 350.00 500. 00 15, 700.00 24,225, 800.00 47,700.00 . 24, 310,800. 00 " 83 te te .o o W :te o te Loan of Loan of Funded Funded Loan of Funded J U N E 30,1894. J u l y and August, 1861 J u l y and August, 1861, coutinued at 3^ per cent loan of 1881 loan of 1881, continued at 3^ per cent 1882 loan of 1891 Total Xoan of Loanof Funded Funded Loan of Funded : 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 ...--J U N E 30,1896. 100.00 18, 000.00 1, 000. 00 15,400. 00 4,400. 00 176, 000.00 IOO. 00 18,000.00 1, 000. 00 15,400. 00 4,400.00 176,000. 00 6.00 630,00 158. 33 359. 33 73.00 6, 278.81 3.00 270.99 151.51 134.75 22.29 1,721. 51 3 00 359 01 6 82 224 58 •iO 71 .4,557.30 , 214, 900. 00 214,900.00 7, 505.47 2, 304. 05 5, 201.42 , 7,400.00 , 3,100. 00 2, 500. 00 7, 350.00 96, 200. 00 325.50 90.00 163. 33 36.46 97.12 3, 509. 04 321. 00 90. 00 454. 64 19.99 47.47 1,810, 73 991 31 16 47 49 65 1,698.31 4, 221.45 2, 743. 83 1, 477. 62 - Oregon war debt Loan of July and August, 1861 Loanof 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. o Loan of July and August, 1861. .^. Five-twenties of 1862 Loan of 1863 ." Funded loan of 1881 Funded loan of 1881, continued at 3^ per cent Loan of J u l y and August, 1861,'continued at 3^ percent. Loan of July 12, 1882.' Funded loan of 1891 , Total.. 119, 550. 00 o 119,550.00 4 50 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 I, 500. 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 33 15 15 14 18 21 6 247 245, 900, 00 16, 266, 91 9,894. 58 6, 372. 33 300 00 59 30 245, 900. 00. : 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 '. Loan of J u l y 12, 1882 , Total 7,400. 00 3, 000. 00 3,100. 00 2, 500. 00 7, 350. 00 96, 200. 00 3, ooo; 00 . 00 26 00 30 58 72 51 96 11, 000, 00 2, 650. 00 100. 00 21, 350. 00 100.00 11,000.00 2, 650.00 100. 00 21, 350. 00 • 100, 00 2,130. 00 . 233.95 L46 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 58 GQ .te O te te \> te W te te te t> CO d te 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 , ETC.—Continued. P r i n c i p a l redeemed. Y e a r ended— 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 o f 1891 Total v 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 a t close of fiscal y e a r . $2,300.00 500. 00 1,100, 00 500. 00 5,100. 00 17, 550, 00 27, 050. 00 $2,300.00 500. 00 1,100. 00 500. 00 5,100. 00 17,550. 00 27, 050. 00 $2, 277. 00 30. 00 187. 92 20.42 139. 50 1,172. 80 3,827. 64 $2,277. 00 15.00 153.60 2.49 25. 56 700. 21 3,173. 86 $15. 00 34.32 17.93 113.94 472.59 653. 78 100. 00 500. 00 300.00 36,600. 00 3, 384, 650. 00 14, 310, 350. 00 4,990, 300. 00 22, 722,800. 00 100. 00 500. 00 300. 00 36, 600. 00 3, 384, 650. 00 16,134, 919. 40 5, 539,233. 00 25,096, 302. 40 6.00 30,00 6.25 635. 06 7, 543. 59 429, 074. 50 166, 343.33 603, 638.73 3. 39 15.00 4.20 342.02 3,934.61 83,078. 64 14, 636. 72 102,014.58 2.61 15.00 2.05 293.04 3, 608.98 345,995.86 151, 706. 61 501,624.15 14, 000. 00 3, 000. 00 500. 00 5, 850. 00 21, 705, 250. 00 14, 708,171. 33 1,176,116. 68 316, 352.76 37, 929, 240. 77 899, 923,162. 38 • 2,670.00 90.00 17.50 446. 62 421,125. 92 129, 876. 00 9,035.83 1,457. 60 564,719.47 30, 67"67756r72" 2.520. 00 90.00 7.53 348.13 87,429.18 50,859.46 5,309.78 1,118;71 147,682.79 8,520, 541.23 J U N E 30, 1900. L o a n of J u l y F u n d e d loan F j i n d e d loan F u n d e d loan F u n d e d loan L o a u of 1904 Total 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 t t 2 p e r c e n t of 1907* , '.. J U N E 30, 1901. 14, 000. 00 L o a n of J u l y a n d A u g u s t 1861 . L o a n o f 1863 3,000. 00 500.00 L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3^ p e r c e n t . . . F u n d e d l o a n of 1891 5, 850, 00 21, 705, 250. 00 F u n d e d loan of 1891, c o n t i n n e d a t 2 p e r c e n t 12, 983, 700. 00 F u n d e d l o a n of 1907 1,084, 300.00 L o a n of 1904 • 291,520.00 L o a n of 1908-1918 36, 088,120. 00 Total 873,960,395.00 V Grand total . DR. July 1, 1900 J u n e 30,1901 $1, 824, 569.40 548, 933.00 2, 373, 502.40 1,724, 471. 33 91, 816. 68 . 24, 832. 76 1, 841,120. 77 48, 213, 077. 60 $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 Y E A R 1901. T o b a l a n c e from l a s t y e a r $345, 998, 471. 37 T o 1 p e r c e n t o n t h e p r i n c i p a l of t h e p u b l i c d e b t o n J u n e 30, 1900, l e s s coin a n d c u r r e n c y certificates. 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 debt, viz, $1,263,416,912.67 12, 634,169.13 40, 962, 389. 79 T o 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 1901 T o i n t e r e s t o n $36,091,548.78, a m o u n t of d e b t " p a i d " d u r i n g fiscal y e a r 1901 564, 924.50 400,159, 954.79 erune 30,1901 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 1901 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 1901 By accrued interest thereon 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 consols of 1930 By balance • 150.00 9. 97 98.49 ^ 333,696.74 79 016.54 3, 726. 05 338. 89 417,036, 68 22 156 215.49 CR. 088,120.00 147, 682.79 3,428. 78 125. 35 743, 569. 00 841,120. 77 12, 808,452,18 343, 527,455.92 400,159,954.79 te te te o te H O w te o te oo SECRETARY OF T H E 113 TREASURY. T A B L E G.—POPULATION, N E T R E V E N U E , A.ND N E T E X P E N D I T U R E S OF THE G O V E R N MENT FROM 1837 TO 1901, AND P E R C A P I T A OF THE R E V E N U E S AND P E R CAPITA OF E X P E N D I T U R E S . Year. 1837 1838 1839 1840 1841 1842 1843 (si^ months) 1844 1845 1846 1847..... 1848 1849 1850 1851 1852 1853 1854 1855 1856 1857 1858 1859 1860 1861 1862....: 1863 1864 1865 1866 1867 1868 1869 1870 1871 1872 1873 1874 ]875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 J891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 Population. N e t revenue. 655,000 $24,954, 153. 00 26, 302,562.00 112,000 31, 482,750. 00 584,000 069, 453 19, 480,115.00 591, 000 16, 860,160.00 19, 976,197.00 132,000 8, 302,702. 00 694,000 276, 000 29, 321,374.00 29,970, 106. 00 878,000 29, 699,968.00 500,000 143, 000 26,495, 769. 00 35,735, 779, 00 805,000 489, 000 31, 208,143.00 191, 876 43,603, 439.00 995, 000 52, 559,304. 00 802, 000 49, 846,816,00 615, 000 61, 587,054.00 433, 000 73, 800,341.00 256,000 65, 350,575.00 083,000 74, 056,699.00 916, 000 68, 965,313. 00 753, 000 46, 655,366. 00 596, 000 53,486, 466. 00 443,321 56, 064,608.00 064,000 41, 509,930.00 704,000 51,987, 455. 00 365, 000 112, 697,291.00 046,000 264, 626,772, 00 748. 000 333,714, 605. 00 469, 000 558, 032,620. 00 211,000 490, 634,010. 00 973,000 405, 038,083.00 756, OOC 370,943, 747. 00 558,371 411, 255,478.00 555, 000 383, 323,945.00 596, 000 374,106, 868. 00 677,000 333, 738,205.00 796, 000 304, 978,755.00 951,000 288, 000,051, 00 137,000 294, 095,865, 00 353, 000 281,406, 419.00 598,000 257, 763,879.00 866, 000 273, 827,184. 00 155.783 333, 526,611,00 316,000 360, 782,293.00 495,000 403, 525,250. 00 693,000 398, 287,582. 00 911,000 348,519, 870. 00 148,000 323, 690,706. 00 404,000 336,439, 727.00 680,000 371, 403,277.00 , 974, 000 379, 266,075. 00 289,000 387, 050,059.00 622, 250 403, 080,982.00 947, 000 392,612, 447. 31 191,000 354, 937,784.24 456, 000 385, 819,628.78 , 740, 000 297,722, 019. 25 , 043, 000 313, 390,075.11 ,365,000 326,976, 200. 38 ,704,000 347, 721,705.16 060,000 405, 321,335.20 433, 000 515, 960,620.18 295.220 567, 240,851.89 754,000 587, 685,337. 53 P e r capi t a on revenue. $1.59 L63 1.90 1.14 .96 1.10 .89 1.62 1.51 1.45 L25 1.64 L39 L88 2.19 2.01 2.40 2.79 2.40 2.64 2.38 L57 1.75 L78 L29 1.59 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 6.31 6,43 6.14 5.44 5.81 4,40 4.54 4. 65 4.85 5.55 6.93 7,43 7,56 N e t 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 11,858, 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, IILOO 58, 044, 862.00 59, 742, 668.00 69, 571, 026, 00 67,795, 708.00 74.185, 270.00 69,070, 977, 00 63,130, 598. 00 66, 546, 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. 00 236, 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 b 299, 288, 978.00 c 318,040, 710. 00 <i 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, 791.7] 509, 967, 353.15 Percapita on expenditures. .$2. 38 2.10 L62 1.42 1.51 L39 1.27 1.16 L15 1.35 2.71 2.08 2.00 1.71 L99 1.78 1.88 2.20 2.19 2.48 2,34 2.49 2.26 2.01 2.08 14.52 21.42 25.42 37.34 14.68 9.87 10.21 8.55 8.03 7.39 6.84 6.97 7.07 6.25 5.87 5,21 4,98 5.46 . 5,34 5.08 4.91 4.94 4,44 4.63 4.22 4.56 4.46 4.88 5.07 5,72 5,29 5.77 5.43 5,16 5.01 5.10 6,07 8.14 6.39 6.56 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 on 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 r a i u m s on p u r c h a s e of b o n d s . " NTOTB.—The 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 by t h e R e g i s t e r o f t h e T r e a s u r y i n h i s r e p o r t s for 1891,1892, a n d 1893. (See F i n a n c e R e p o r t s for t h o s e years, p p . 845,767, a n d 906.) FI 1901—8 114 REPORT ON THE T A B L E H . — I N T E R N A L AND Year ended J u n e 30— 1858, 1859. 1860, 1861, 1862, 1863. 1864. 1865, I86G, 1867, 1868, 1869, 1870, 1871, 1872, 1873, 1874, 1875 1876 1877 1878 1879. 1880 1881, 1882, 1883, 1884, 1885 1886 1887, 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 FINANCES. CUSTOMS R E V E N U E AND FROM 1858 TO 1901. Internal revenue. Revenue, a Dollars. (d) id) (d) id) . (d) 37, 640,787.95 109,741,134.10 209,461, 215. 25 309, 226,813.42 266, 027, 537.43 191, 087,589. 41 158, 356, 460. 86 184, 899, 756.49 143, 098,153. 63 130, 642,177. 72 113,729, 314.14 102,409,784. 90 110, 007, 493. 58 116, 700, 732. 03 118,630,407,83 110, 581, 624,74 113, 561, 610.58 124, 009, 373.92 135, 264, 385.51 146, 497, 595. 45 144,720, 368. 98 121, 586, 072. 51 112, 498, 725.54 116,805,936.48 118,823,391.22 124, 296,871, 98 130, 881, 513, 92 142, 606, 705.81 145, 686,249.44 153, 971,072. 57 161, 027, 623. 93 147, 111, 232.81 143, 421, 672. 02 146,762, 864.74 146,688,574.29 170,900,641.49 273, 437,161. 51 295,327,926.76 307,180, 663.77 E x p e n s e s of collecting, b P e r cent. Dollars. id) id) id) id) id) id) id) id) ' id) id) 108, 685.00 .29 253,372. 99 .23 385, 239. 52 .18 5,783,128.77 L87 7, 335, 029. 81 2.77 8, 705, 366. 36 4.55 7, 257,176.11 4.59 7, 253,439. 81 3.92 7,593, 714.17 5,30 5,694,116.86 4.36 5, 340, 230. 00 4,69 4, 509,976. 05 4,40 4, 289; 442.71 3,89 3, 942, 613. 72 3.38 3, 556, 943.85 2.99 3, 280,162. 22 2.96 3.10 3, 527, 956. 56 2.95 3,657,105.10 3.20 4, 327, 793.24 2.80^ 4, 097, 241. 34 3.06 4, 424, 707. 39 3.47 4,216, 847. 26 3.42 3, 853, 035. 94 3.06 3, 578, 679. 42 3.22 3, 826, 507. 98 2.92 3, 626, 038. 91 2.88 3, 770, 388,72 2.65 3,780, 950.41 2. 75 4, 003, 485. 65 2.52 3,879, 082. 31 2.57 4,144, 927. 02 2.55 3, 749, 029.22 2.62 3, 754,935.45 2.62 3, 846,887. 55 2.46 3,606,798.85 2.17 3,705, 256. 95 1.59 4, 350, 543. 05 L51 4,446,318. 98 1.43 4, 404, 986. 68 EXPENSES OF COLLECTING, Customs revenue. Revenue, a Dollars. 41,789, 620. 96 49,565, 824. 38 53,187,511.87 39, 582,125. 64 49, 056, 397. 62 69,059, 642.40 102, 316,152. 99 84, 928, 260. 00 179, 046, 651. 58 176, 417, 810. 88 164,464, 599. 56 180, 048, 426. 63 194, 538, 374.44 206, 270, 408. 05 216, 370, 286. 77 188,089,522.70 163,103,833. 69 157,167, 722. 35 148,071,984.61 130,956,493. 07 130,170, 680. 20 137, 250, 047.70 186, 522, 064. 60 198,159, 676. 02 220,410, 730. 25 214, 706, 496. 93 195, 067, 489. 76 181, 471, 939. 34 192, 905, 023. 44 217, 286, 893.13 219, 091,173. 63 223, 832, 741. 69 229, 668, 584. 57 219, 522, 205.23 177, 452, 964.15 203, 355, 016.73 131, 818, 530. 62 152,158,617.45 160,021,751.67 176, 554,126. 65 149, 575,062. 35 206,128, 481.75 233,164,871.16 238, 585,455. 99 E x p e n s e s of collecting, c Dollars. 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, 041,116. 68 5, 388, 082. 31 6, 233, 747. 68 0, 568, 350. Gl G, 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 5,477,42L52 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 G, 855, 801.74 7,156,187. 77 7, 030, 487. 00 6, 859, 986. 09 0, 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 7,713,418.82 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 3.23 a B a s e d on w a r r a n t s i s s u e d , 6 T b e c o s t of collecting 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 o 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 n g e x p e n s e s i u 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 r a 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 u t e r u 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 all s u m s d r a w n from t h e a p p r o p r i a t i o n m a d e h j 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 i s e x p e n d e d for salaries, r e n t s , l a b o r i n w e i g h i n g , g a u g i n g , a n d m e a s u r i n g i r a p o r t e d raerchandise, r e v e n u e b o a t m e n , r e p a i r s , a n d o t h e r 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 n d t h e t r a v e l i n g e x p e n s e s of s p e c i a l a g e n t s , b u t does n o f i n c l u d e e x p e n d i t u r e s for r e v e n u e c u t t e r s , fuel, l i g h t s , w a t e r , f u r n i t u r e , j a n i t o r s , etc., for b u i l d i n g s o w u e d b y t h e G o v e r n 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 w h i c h a r e p a i d for from specific a p p r o p r i a t i o n s raade for t h o s e xmrposes. T h e e x p e n s e s of c o l l e c t i n g i n t e r n a l a n d c u s t o r a 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 t o a u d i t i n g t h e s e a c c o u u t s i n t h e D e p a r t m e n t s a t AYashington. 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 GOLD, AND AVAILABLE C A S H I N T H E T R E A S U R Y AT T H E E N D O F E A C H M O N T H ; T H E M O N T H L Y R E D E M P T I O N O F L E G A L - T E N D E R N O T E S I N GOLD, AND T H E I M P O R T S AND E X P O R T S O F GOLD, FROM J A N U A R Y , 1879, TO J U N E , 1901, I N C L U S I V E . Month. U879—January February March April May June 1 T o t a l for 6 m o n t h s . . July August September October November Deceraber 1880—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 U88I—January February March April May June T o t a l for 12 m o n t h s Expendit u r e s , excluR e v e n u e s , s i v e 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. $20,757,406 19, 344,163 20,750, 080 19,786, 565 27,232, 288 25,562,892 355,526,-611 Available Legal-tender Legal-tender N e t gold c a s h balance, notes notes i n T r e a s u r y . i n c l u d i n g redeemed in Treasury. n e t gold. i n g(5ld. $32, 478, 888a $11, 721,482 $30, 579, 531 1,449,139 44, 494,973 17, 895, 024 a 760, 803 50, 684, 669 21, 510,883 I, 744, 283 39, 539,823 18,042, 282 537, 924 51,670,442 26, 694, 264 5,531,910 20, 030, 982 45, 036, 904 137, 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, 000,101 27, 621,089 Surplus revenues. $336,449, 861 428, 961,460 405,411,570 432, 746, 833 475,663,096 379, 542, 919 23, 541,466 36, 222, 606 18, 933, 254 17, 327, 567 16,388,454 12, 570,494 I I , 614, 562 15, 054, 093 15, 760, 081 17, 489, 280 18,183, 020 18, 785, 559 120, 320, 583 126, 537, 690 154, 763, 795 157,140,114 "147,247,977 146,194,182 143, 340, 027 136, 995,458 135,766, 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 I I , 124, 937 8, 761, 818 10, 551, 616 14,566, 601 14, 773,198 14,672,086 16,062, 305 18, 554, 092 115, 274, 646 120,018,180 127, 764, 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 3, 309, 987 45,029, 627 a 19, 305, 859 25, 504, 087 1, 379,409 23,194, 771 3, 326, 623 7,186, 366 19, 984,917 23, 920,051 940,978 16, 354, 599 8, 274, 369 28,152, 650 1, 674, 930 20, 045,821 7, 763, 827 13, 320, 440 17, 006, 255 18, 333,183 11, 770,186 14, 382, 225 14, 617, 876 6, 309, 564 21,311,525 264,847, 637 $116, 674, 227 116, 886, 279 117,162,166 118,809,680 121, 300,140 119, 956, 655 68,678,974 34, 521, 013 35, 532,121 a 1, Oil, 108 32, 864, 049 23,487,616 9, 376, 433 30,101, 835 18, 386, 706 11,715,129 28, 095, 209 21, 995, 004 6,100, 205 25, 612, 967 21, 924, 410 3, 688, 557 28, 006, 721 19, 657, 441 8, 349, 280 29, 055, 013 28, 037, 306 1,017; 707 27,539,571 10, 783, 096 16,756, 475 8,935, 761 29, 494, 308 20, 558,547 9, 261, 403 30, 807, 779 21, 546, 376 10,189, Oil 31, 881, 650 21, 692, 639 .30, 265, 206 14, 291, 767 15, 973,439 360, 782, 293 259, 651, 639 101,130, 654 a E x c e s s of e x p e n d i t u r e s . I m p o r t s of gold. E x p o r t s of gold. $1,571,725 909, 249 952, 766 699, 773 1, 339, 883 2, 503, 302 $274, 707 137,386 188, 500 170,894 185, 225 143,338 $346, 096 115, 513 76, 985 426, 310 350, 003 1, 441, 060 7, 976, 698 1,100. 050 2, 755, 967 251, 381 6,723, 313 27, 528, 082 19,178, 631 17,423,834 6, 562, 650 795, 568 464,473 892,180 166, 432 123, 580 648, 272 349,779 350, 664 132,443 285, 826 105,999 134,768 226, 205 149,612 1,166,679 89,192 106, 497 541, 361 te te 3, 780, 638 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 2,565,132 954, 800 981, 400 603,485 740, 295 77, 499 122, 359 71, 500 72, 080 43, 020 16, 000 51, 000 47,200 271,750 CO te te te Q te o te W te. CO cl te K) T A B L E I . — S T A T E M E N T S H O W I N G T H E R E V E N U E S 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. Expendit u r e s , excluRevenues, postal, e x c l u s i v e of s pi vr ei nof 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 raonths July August September October November December 1883—January February.. March April May June $34, 471, 542 25,135,462 16,421, 052 23,260,892 20,051, 328 16, 296, 797 24,370,271 22, 073,826 14,871,444 21, 245, 558 27,157,422 16,459, 073 403,525,250 257,981,440 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 T o t a l for 12 m o n t h s July August September October November December 1884—January February March $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 , , -.. 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 a:> Surplus revenues. 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 $19, 099,910 19,870,869 19,025,132 18, 206,769 17, 411, 078 16,452, 800 17, 384,394 18, 256, 850 17,446, 415 17,637,824 19, 873,690 21,425,589 $149,163,355 164, 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 $201,544,433 199,900,146 204,520,280 191, 888,136 193, 806,619 199, 614,433 190, 533, 247 197,166,334 198,137,431 194, 050,480 191,861, 776 195, 892,419 6,920, 880 10,194,374 15, 359, 468 I I , 184,878 5, 603, 424 13, 861,665 9, 828,459 3,898,927 8,014,946 a 625, 609 4,181,061 18,361, 632 132, 879,444 37, 609, 830 26,175, 668 14,427,989 21,976,111 25,598, 046 12, 055,437 19, 950, 931 25, 306, 612 12^146,297 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 $40,000 40,000 145, 543,810 398, 287, 582 265,408,138 32,000, 813 31,188,202 80,143, 701 31,037, 269 26, 309,742 25,030,279 27,820,145 27, 406, 013 28,070,739 Available Legal-tender Legal-tender notes N e t gold c a s h balance, notes iu T r e a s u r v . redeemed including in T r e a s u r y . i n gold. n e t gold. 22, 749,590 24,068,941 21,408,158 19,854,196 20,756, 392 18, 879, 395 21,162, 237 21,614, 817 20,413, 561 20,919, 623 21,681, 825 23,438, 839 140, 062,590 144,311, 881 147,831, 667 148,435,473 144, 809, 314 131,989, 758 125, 648,195 135,107,161 141, 308, 204 139,439,242 133,718,103 138, 271,198 194,192,970 195,469, 614 198,541,173 205,642, 301 207, 509,753 204,969, 309 200,045, 520 186, 218,388 191, 553, 558 1.85,555, 568 180,529, 237 197,177,342 75,000 I m p o r t s of gold. $750,852 5, 427,196 10,660, 641 8,295,490 3,059,202 2,728,173 1,134,040 468, 825 839, 566 551,301 204,626 257,142 $112,361 178.648 148,166 176,941 97,124 108, 084 102, 219 7,231, 393 3, 228,840 2, 342,449 13,289, 404 5, 572,251 34,377,054 32, 587, 880 162,202 424,878 1,135,799 3,835, 410 2,241,787 2,146, 952 1, 309, 639 291,011 3,244, 859 2, 311,351 232,015 398, 246 17,734,149 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 Exports of gold. 429, 754 I, 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, OOO 745, 715 284,180 2, 050, 215 935,106 597,149 II, 600,888 IOO,870 132,323 196, 345 132, 530 403, 368 436,969 153,766 3,411,1.57 12,224,135 te te te o o H •rt te o te CO April May June Total for 12 months Total for 12 months July August September October November Deceraber 1886—January February March April May June . Total for 12 months , Total for 12 months. 23,938, 337 19,771,318 16,116,114 3, 371, 475 10, 600,576 10, 815, 974 548, 519, 870 244,126, 244 104, 393, 626 29, 273,994 31, 366, 509 29, 229,119 26,189,428 22, 235, 568 22, 835, 045 25. 872,129 24, 095. 399 26, 310, 735 26, 063, 927 28,709,156 27,157, 016 July... August Septeraber October November December 1885—January February March* April May June July August Septeraber October November December 1887—January February March April May June 27, 309, 812 50,571, 894 26, 952, 088 525, 690, 706 33, 669, 398 a 4, 595, 404 27,694, 326 5, 672,185 17,173,912 12, 055, 207 23, 545, 061 2,844, 567 21,574, 428 861,140 21, 856, 261 978,784 21,160, 424 4, 711, 705 19, 222, 957 4, 870, 442 24,844, 630 . 1,466,105 26, 684, 586 a 620,659 23, 597,525 5,111,611 15, 255, 658 II, 901, 358. 26, 767, 295 28, 064, 261 29, 971, 026 28, 872, 905 25, 581, 164 25, 757, 702 24,757, 858 25, 971, 994 50, 076,168 • 26, 871, 590 27, 751, 724 32,510,620 33, 683, 234 23. 792, 525 16,013, 054 21, 533, 673 25, 584, 956 15. 052, 715 22, 755,151 22, 205, 515 13,981,676 21, 052, 775 17, 356, 527 21, 690,995 356, 459, 727 242, 485,138 . 93, 956,589 29, 656, 971 52,195, 526 51, 686, 702 29, 558, 498 27, 576, JOS 28, 622, 815 28,595, 921 29, 773, 878 33, 358,165 30, 076, 657 33, 854, 282 33, 070,985 29,403, Oil 28,908, 867 20, 585,192 25,474,961 25,657, 709 18, 485, 715 25, 584, 902 25,485,121 21, 627,371 20, 229, 703 22, 409, 549 14, 959,888 233, 960 5, 286,459 11,103, 510 6, 063, 537 1, 918, 394 10,139,100 5,011,019 4, 288, 757 11,750, 794 9, 846,954 11, 424„955 18, 111, 097 267,952,180 139, 624,821 142, 206,908 133, 729, 954 206, 087,499 200, 985, 324 200,764, 698 29, 562, 990 26,573, 554 20, 894, 875 16,172,172 9, 625,685 11,759, 575 13,873,469 18,726,822 20, 473,288 21,465,690 23, 492,109 15,462, 379 119, 048, 061 122, 465, 717 130, 514, 382 134, 670, 790 138, 015,071 141,688,432 125,187, 595 127, 346, 553 125, 793, 257 117, 927, 395 115, 810, 533 120, 298, 895 193, 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 16, 998, 997 24, 793, 656 27, 944.552 27, 550, 341 25, 735, 645 27, 941, 200 53, 300,-589 52. 277, 292 50, 289,485 26, 088, 774 26, 289,098 22,8687317 126,078,596 126, 371, 928 133,113,324 142,338,589 146, 391, 486 147, 991, 809 136,086, 610 144,164,058 151,579,525 155,865, 508 156,304, 709 156,7937749 215, 550, 755 219, 646, 977 255, 206, 722 245, 565,741 245, 769,440 257,887,815 265, 217. 967 265, 914i 243 275, 765, 409 278,349, 507 281,911,856 287,513,959 21, 939,142 35, 579, 647 36,519, 081 30, 967, 305 29, 548,188 23,169,326 24,283,682 25, 689, 202 21,159,958. 20, 225,.474 21, 767, 376 20, 013, 797 158, 935, 205 157, 732, 289 157,917,211 158, 537,179 163, 950, 220 170,912,414 168, 475, 561 175,130,262 181, 939, 848 180, 902. 431 186,667,774 186,875, 669 283, 395,146 281, 514, 029 279, 844, 051 278, 970, 868 274,182, 628 279,521,562 281,584,675 279, 779, 425 282, 878,549 286,028, 551 291,144, 524 504, 516, 868 63i 463, 771 „ 260, 226, 935 a6, 915, 941 4, 271, 736 13, 957, 972 7, 339, 232 1, 796, 228 10,724,989 1, 984,727 3, 766, 679 16,094,492 5, 818, 815 10, 595, 397 10,819,627 371, 463, 278 30,845, 833 27, 701,841 27, 993,802 30,000 180,000 3, 010,429 1,626,531 2,074,599 21,047, 525 2,711,864 131,105 590, 000 22,831,317 41,081,957 IOO, 000 120,000 460, 000 215, 000 995,000 552, 000 2,222, 000 105, 471,098 aExcess of expenditures. 464, 500 105, 200 91, 900 48, 300 85, 300 150, 200 65, 500 126, 200 647, 800 514, 600 I, 754,100 2,852,099 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, 765 26, 691,696 588,412 733,907 2, 986,116 I, 325, 811 5, 096, 558 5, 620,191 I, 705,841 986, 584 840, 557 550, 751 248, 550 262,691 159,106 175, 619 77, 550 192,553 445, 529 220,557 1,446,326 1, 635,828 833,082 I 157 995 I, 395,975 741,992 8, 477, 892 1, 329, 570 359, 317 151,568 159,120 458,460 1, 789, 974 2,581, 674 5, 654, 509 9, 920, 761 4, 812, 256 7,595,059 8,580,143 6,865, 699 20, 745,549 1, 296, 559 1,446, 269 239, 200 175,200 146, 000 110, 200 104, 600 125, 640 174,250 142, 250 175, 825 90, 520 582, 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, 012 555,245 305, 347 628,993 1,677, 597 2,444, 926 1,494, 246 296, 269 620, 316 4,224,075 42.-910-601 9,701,187 42,952,191 CQ te O te te 1-^ t> te o te W te te te \> CQ a te TABLE I.—STATEMENT 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. 00 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 Septeraber October November December 1888—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 1889—January Februa'ry March April May June , • T o t a l for 12 m o n t h s July August September Octobei: Noveraber Deceraber 1890—January February March , Surplus revenues. $55,156, 924 a$4,522,052 $30,814,872 28, 252, 786 55,619,116 7, 566,330 17,027, 786 55,859, 806 16, 832, 020 19,711,467 51,803,172 12,091,705 28. 575, 989 29,128, 568 752, 579 12, 980, 554 16,079,250 29,059, 804 30, 773, 207 21, 866,896 8, 906, 311. 19, 898,468 51,151, 951 11,253,463 28, 867, 873 16, 621, 207 12,246,666 24,418, 972 29,851,790 5,432, 818 25, 076, 575 32,918, 202 7, 841,827 ' 52,490; 777 15, 212, 079 17,278, 698 579,266,075 31, 204, 898 34, 623,181 31, 698,174 31,966, 204 28, 590,107 SO, 160, 265 54,077, 696 30,133,160 31,013,991 31,458,799 35, 773,199 52,757,908 $19, 633, 740 21,157, 539 17,610,212 15,261, 067 16, 318, 220 15,424, 425 18, 015, 469 22,267, 087 24,170, 623 28, 491, 614 33,928, 200 37, 983, 204 $186,306, 330 193,274,194 192, 717, 947 202, 859, 832 211, 880, 526 208,608,130 202,955,184 212,869, 914 218, 818, 253 215, 239, 994 200, 301,129 193,866, 247 $291, 986,110 290, 746,562 289, 063, 662 296,071,378 295, 527,449 312,105,882 321, 585, 692 329, 595, 325 541,167, 639 341,408,408 327, 846,974 335, 627, 012 259, 655, 959 119, 612,116 55, 985, 765 22, 812, 916 14, 824. 580 28,09i;756 55,553, 665 14,964,389 25, 902. 351 32, 933, 380 16,773, 339 20,576, 029 23,978, 355 15,527,115 ft 4, 778, 867 I I , 810, 265 16, 873, 594 5,874,448 a 6 , 963, 558 15,195, 874 8.175, 545 a 2 , 800, 220 14, 240, 652 10, 882, 770 11, 794, 866 19,250, 795 387, 050, 059 281, 996, 616 105, 055, 443 41, 700, 458 54, 530, 859 14.190, 018 26, 507, 260 23,169, 459 25.191, 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 31, 886, 200 34,470, 905 31,416, 291 32,492,608 30,716, 967 29, 595, 504 34,661,158 30,866, 218 54,778,181 Legal-ten der Available Legal-tender Net gold cash balance, notes notes in Treasury. i n c l u d i n g redeeraed in Treasury. n e t gold. i n gold. $115, 700 149,820 • 135,160 43, 790 46, 390 36, 220 19, 250 30, 924 14,021 38, 950 49, 371 13, 000 692, 596 39, 825, 740 41, 580, 393 40, 628, 963 36, 815, 520 55. 202, 956 50, 875,860 29, 446,498 29,500,511 25,051,231 23,770,137 27, 790, 387 29, 601, 085 30,364,366 32, 325, 935 21,170, 258 17, 305, 501 14, 819, 022 6, 673, 925 7,606,224 9, 593, 865 6,919, 657 194, 592, 280 206, 383, 056 197,715,116 191, 074, 575 199,559,134 203, 885. 219 194, 655, 264 196, 245, 980 197, 874, 422 191,589,112 192, 252, 715 186, 711, 560 182,218,164 180,654,670 189,196, 423 187,572, 586 187, 496, 672 190, 833, 052 177, 386, 285 187, 988, 948 185,287,715 551, 612, 468 535,528, 534 321. 637, 944 295, 588,421 274.748. 209 283, 955. 835 281, 795, 807 266, 404,441 273, 679, 979 272, 025, 039 275,109, 610 287,c531, 010 274,000,688 251, 775, 570 254, 206, 227 248, 512,455 242, 655, 405 233,524,103 228, 835, 040 229, 309, 201 228,-689, 876 78, 990 69, 363 22,453 57,071 SO, 226 51,582 51,350 16,407 19,240 14,800 139, 569 199,512 Imports of gold. $2,177, 752 5, 978, 776 14, 089, 274 12, 889, 682 1,952, 595 1,805, 248 • 395,471 1, 014, 068 2, 270, 840 748,164 319,279 293,170 43,934,317 347,046 207, 843 1, 275, 356 1,222,189 1,960, 847 906, 500 649, 006 817, 400 680, 359 805,753 753,894 658, 665 Exports of gold. $495,776 241, 961 175, 917 312, 503 390,136 365, 986 624, 290 I, 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, 725,551 1,197, 080 1,478, 208 4,592,584 3,176,014 15,445,053 18,130,874 7S0,145 10,284, 858 59,952, 285 79, 956 16, 475 12,124 570, 028 18, 698 41, 809 111,295 10,895 9,513 856, 332 497, 927 \2, 409, 691 796, 988 1, 773, 767 1,304,850 1,059, 837 I, 476,433 1, 622,432 5,281, 786 420,176 289, 580 2, 233,463 575,742 312, 920 460, 969 1,170,690 1,456,824 te te te O te O H: te o CQ April May June . Total for 12 months July August September October Noveraber. Deceraber 1891—January February March April May June Total for 12 months July . i August September October November December 1892—January February March April May.............. June Total for 12 months July August September October November December 1893—January. February March April May June Total for 12 months. 84, 017,041 35,443, 552 37,546, 892 403,080,983 j 37,999, 466 33,906, 909 36, 785, 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 29,234, 006 26,422, 413 14, 641, 383 4, 783,035 9, 021,139 22, 905, 509 297,736, 487 105, 344,496 36, 694,820 1,304, 646 32, 624, 992 1, 281, 917 26, 740, 833 10, 042, 502 35, 690, 721 3, 551, 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 25, 791,108 1, 674,124 27, 690,527 a401,021 33, 628,103 . al, 996, 253 555,572, 685 37, 239, 762 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 58,100, 294 19, 557,484 22, 267,058 30, 650, 811 26,156, 048 30, 424, 728 34,175, 350 25,962, 726 27,784,217 SO, 059, 632 31, 732, 794 27,922,412 aS, 942, 049 9, 236, 497 4, 898, 516 a2, 202, 249 646,840 a2, 778, 212 aS, 791, 871 4,756,219 2,052,589 a 3, 088,408 a5, 504, 396 37036,-206 354,937, 784 345, 023, 330 9, 914, 454 34,314,356 33, 479, 059 31, 797,629 31,288,540 28,739,895 35, 066, 964 55,005,052 29, 698,142 34,115,810 28,415, 568 30, 928, 858 30, 717,102 36, 333, 977 31, 440, 254 28,192,423 31,187, 962 29, 640, 778 33.460,000 38, 351, 452 30, 866, 273 31, 635, 482 53,238, 886 30, 210, 787 28,775, 469 a 2, 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 I, 941,633 385, 819, 629 383,477, 955 2, 341, 674 392,612,447 7, 209, 411 9, 892, 799 11, 804,190 186, 235, 572 190, 544, 854 190, 232, 405 227, 213, 755 228, 536, 445 245, 612, 464 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, 996 184, 092, 074 185, 837, 581 147,981,752 156,315,624 162,439,381 148,972, 935 141,728, 097 149, 712. 824 148,118,150 141,742,241 133, 207,164 117, 667, 723 234, 069, 918 215,907,111 179,120, 347 175,131,439 104, 386, 294 163, 242, 409 174,983, 938 168, 395, 989 163,915,855 161,718,803 158, 886, 719 153, 895, 809 10,0 835,409 14,467, 265 9,150, 717 5, 615, 815 5, 528, 073 5, 679, 710 5, 338, 384 4, 716, 987 4, 932, 842 3,412, 075 4,821,028 8,698,590 121,113, 024, 155, 785, 717 132,471,409^ 160, 274, 595 132, 525. 222 144, 987,969 127, 674,422 159,671,919 129,19S, 224 159,126, 919 150, 740, 651 154, 574,129 119, 574, 905 151, S68, 461 122,122,113 152,162, 204 125, 815. 040 152, 898, 884 119, 909; 757 151,518,162 114,231,883 126,005, 887 114,342,367 126,692, 577 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 19, 464 SO, 164 11, 987 752, 586 a Excess of expenditures. 478, 353 •i80, 902 385,830 1,052, 355 288, 620 3, 731,366 . 12, 943, 342 17, 274,491 45, 220 1,195. 054 19, 740 I, 724, 565 12,650 1, 425, 632 11, 520 2, 621, 638 24,875 1,926, 401 31, 954 . 6, 033, 013 47,229 1,S97, 918 41, 493 565, 504 66, 599 ^^14,-170 41, 055 233, 318 2, 288, 479 212, 648 5, 555,458 282, 906 11, 860, 029 2,135, 853 281, 627 425, 235 567,152 632, 354 728, 246 4,010,146 5,155, 736 14,163,116 30, 580, 760 15, 822, 400 5, 986, 070 18, 232, 567 86, 362, 654 1, 855, 912 297, 633 242, 820 763, 059 406, 094 317, 966 312,055 476, 200 752, 751 696,726 622,123 2, 422, 526 1, 029,148 1, 594, 755 7, 451, 428 16, 897, 947 8,871, 717 . 6, 018,851 552, 014 2, 826, 962 3, 084,406 487, 041 591,159 494, 026 6, 662, 674 172,168 345, 290 809, 595 381, 949 254, 501 246,466 6,507,180 6,309,956 7, 521, 823 3,854,222 17,129,503 9,125, 843 49, 699, 454 50,195,327 9, 234, 705 127, 050, 286 6,140, 874 129,152, 343 4,087,799 131, 895, 918 131,011,402 598, 865 130, 528,919 698,146 129, 092, 590 10, 237, 812 125, 265, 067 11,496,617 124,128, 088 13, 828, 664 125, 630, 728 4, 926, 453 121,482, 903 . 20. 051,910 121, 565,155 16,547,849 . 122,462,290 4,250,651 102,100, 345 542, 440 SSS,282 1, 503, 536 3,118,330 2, 577, 212 1, 540, 538 370, 843 1,257,539 6, 608, 437 803,985 1, 708, 557 1, 009, 682 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 te o te te te y< o te y^ W te ^ te te w. d te Kl 108, 680, 844 O TABLE I.—STATEMENT Month. 1893-JuIy August September October November December 1894—January February March April May June ,. T o t a l for 12 raonths July August September. October November December 1895—January February March April May June T o t a l for 12 July August September October Noveraber December 1896h—January February.... March SHOWING T H E R E V E N U E S AND E X P E N D I T U R E S OF T H E G O V E R N M E N T B Y M O N T H S , 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. $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 22,6C2,364 23,066,994 26,485, 926 a$8,770,115 $39,675,889 a 9,414,543 33, 305, 228 a895,254 25, 478, 010 a 5 , 035, 397 29, 588, 792 a 7, 522, 625 31, 302, 026 a 7, 746, 234 30,058, 261 a 7 , 226, 931 31, 309, 670 26,725,574 j a4, 456, 075 51,137,560 I a6, 294, 762 a9, 380,472 32,072,856 a6,712,147 29, 779,141 928, 905 25,557,021 297,722, 019 367,525,280 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 raonths. Surplus revenues. 313,390,075 i 356,195,298 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 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 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 Treasury. in gold. n e t gold. $18,943, 822 13, 899,705 8, 746, 951 4, 380,594 4,890, 567 6,289, 086 4, 682, 696 17, 227, 906 14, 953,122 16, 754, 286 29, 445, 979 36, 696,053 $99, 202, 933 $117,887,566 96, 209.123 107, 283, 910 93, 582,172 106, 875, 632 84, 384, 863 102, 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 IOO, 202, 209 125, 097, 787 78, 693, 267 117, 854, 335 64,873, 025 117, 584, 437 a69,803,26I 36, 648, 583 al, 839,243 31, 656, 637 « 8, 760, 969 30, 323, 019 a7, 701, 790 32. 713, 040 a 13, 573, 800 28, 477,1.89 a9,065,785 27,135,461 a5, 269, S24 34, 523, 447 a6,719, 047 25, 696, 035 a 2, 807, 978 25,716, 957 a246, 381 32, 990, 676 a8,742,840 28, 558,214 a3, 286,136 21, 683, 029 3, 932, 445 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, 240,155 a42, 805, 223 a9,478, 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 ETC.—Continued. 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, 945,180 79, 533,966 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 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, 9.50, 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 1, 279, 457 5,209, 517 4,020, 653 II, 723,771 27,406, 801 23, 280, 220 84,842,150 72,449,119 76, 978, 061 13, 923, 375 4, 741,413 936, 518 3, 047, 890 7,799, 747 31,907, 221 45,117, 738. 5,560,952 1. 089,085 i; 017, 571 1,166,492 I, 046,196 1,487, 872 3, 280, 431 708,924 I, 676,499 1,981, 772 433, 322 1, 299, 665 5, 706, 695 7, 361, 916 5, 097, 369 5,051,016 2, 299, 279 14,239,878 5,120, 939 241, 029 1, 082, 814 430,999 9,803, 855 26,205, 260 1,565,194 3,135, 219 2,919,965 I, 587,781 155, 548 117, 354,198 36, 384,760 66,468,481 5, 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, 546 743,134 1, 663, 586 923, 391 2, Oil, 059 818, 617 1,420,665 10, 546, 952 11, 659, 097 756, 616 5, 867, 518 16, 670, 501 17,429, 949 1,887, 707 14, 074, 257 15,488,503 10, 571, 528 2,190, 801 402, 020 te te tei O te o- (^: W te te I—( o te CQ April .May June Total for 12 months... 24, 282, 893 24,643,718 27, 794, 219 326, 976, 200 July . . - . August September October November December 1897—January February March April May June Total for 12 months . . 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 37,812,155 29,797, 391 36, 584, 708 July August September October November.: December 1898—January February March April May June Totalfor 12 months . . July August Septeraber October Noveraber Deceraber ^ 1899—January February March April May June Total for 12 months 347,721,705 39,027, 364 . 19,023,615 21,955, 098 24, 591. 415 45, 565, 605 59,646, 698 57,353, 628 1 28, 572,558 32, 958,751 35,012,945 30, 074,818 33,509,315 405,321rS55 108,540, 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 ' 7,150,618 22,059, 547 8, 261, 547 - 158,655,956 42, 088,468 a 13,059, 259 102,125, 226 35, 701, 677 al0,139,580 111,800,038 98,868,949 26, 579, 535 al, 995, 290 33, 978, 277 . a 7, 695, 447 96, 535, 206 75, 054, 912 33,260,720 a8,050, 024 70,628,517 25, 812, 665 2, 044,449 48, 509, 678 50, 269, 589 a5, 952, 595 41,425, 059 28, 796, 057 a 4, 595, 060 50, 595, 846 9, 004, 664 27, 212,998 53,480, 535 32, 072, 097 5, 740, 058 61,188,187 29,109, 259 688,132 67, 929, 521 22,934, 695 13, 650, 013 365, 774,160 a 18, 052, 455 110,718,746 100,957, 561 124, 034, 672 117,126, 524 131, 510, 353 157, 516, 544 144. 800, 495 148, 661, 209 151,786,464 153, 540, 890 144, 319, 563 140, 790, 738 256,158, 475 245, 346, 401 241,154,457 233, 572,762 225, 357,098 228, 320, 580 215, 562,421 212, 837, 256 222, 045, 606 228, 090,517 230,113, 815 240,157, 627 17, 285, 078 12,569, 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 28,987. 582 28, 426, 595 25, 444, 789 552,179,446 50,100,909 35, 588, 047 25, 568, 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, 282 443,368,-583- 74, 263,475 45,847,109 56, 260, 718 41, 782, 708 54, 223, 921 39, 778,070 53,982, 277 39, 630,051 38, 900.915 . 49,090. 981 41,864,808 41.404,794 51,122, 771 41, 774, 950 45, 918,929 37, 979, 355 42, 978, 571 57, 050, 240 65,949,106 41,611,587 40, 515,005 44, 786, 014 51, 582,762 47,126, 915 515,960, 620 605,072,180 a 4, 704, 489 a 3,782,875 2,349, 430 a 25, 203, 246 a 11,073,545 a 14, 564,432 a 3,455,718 a9, 510, 097 5,552, 766 52, 012, 606 636,917 1, 973,102 1, 076, 507 a 11, 501,119 a 17, 775, 091 a 14, 542,969 a-S8, 047,"248 64,506,457 58, 500, 670 65, 578, 689 46,952, 545 58, 974, 898 45, 789, 453 28, 617, 220 40,291, 680 45, 581, 277 34, 820, 008 31, 692, 454 36, 605. 387 a a a a a 51, 099, 556 58, 345, 061 39, 230, 848 21,587,896 16,166, 768 15, 380, 807 16, 856, 585 16, 577, 439 14, 705,478 14,317, 850 15,169, 090 16,191,155 50, 416,366 14,478, 010 14,445,851 14, 352,226 10,190, 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, 560 254,844,215 294, 487, 085 507,557, 504 300, 258, 275 292, 576, 790 294,764, 695 274, 584,676 269,103, 515 284, 043,164 263,127, 533 267,584,094 281,380,469 ...._ a Excess of expenditures. 11,931,436 1, 972, 544 93, 555 368, 007 468,010 431, 826 442, 355 353,147 575,205 6,631,216 9.468,471 7, 625,808 40, 361, 580 574627869 24,597, 965 958, 951 4, 720, 569 4, 723,181 11,775,483 5,054,089 2, 582, 405 6, 493,414 6,162, 681 30,708, 320 32,579,858 IS, S22, 111 3, 330, 612 120, 391, 674 4, 091, 067 613, 762 443, 871 347,578 653, 253 2, 674, 754 4, 257, 722 5, 001, 905 2, 543,7.53 1, 781, 270 2. 725, 578 2,757,952 2,641,668 15, 296, 811 16,808, 341 16, 738, 353 5,324,601 8, 757, 182 6, 392, 344 5,148, 906 3,187,575 2,482, 871 3, 070, 265 3,105, 686 25, 652, 265 88,954, 603 78, 201, 914 189,444,7'l4 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 33,525, 065 3,787,692 19.110,935 6,928,536 112,409,947 1, 667, 986 4, 289, 538 54, 547, 009 28,195,769 7, 487, 300 2, 801, 044 943, 306 850,180 1, 459,459 971, 506 951, 515 1, 092,188 85, 014, 780 5, 275,143 140,817,699 233, 016,457 3,116,276 144, 216, 377 218, 561, 207 2, 742,173 147, 663,105 215,192, 787 2, 096, 301 153, 575,147 207, 756,100 2,110, 416 157, 565,851 220, 665, 560 160,911,547 255, 474, 769 . 2,019,599 164, 256, 793 225, 871, 786 1,209, 916 167, 625,182 225, 564, 204 I, 635, 813 174, 584,156 226,166, 944 I, 585, 770 181, 258,157 215,810, 622 1,155, 907 171, 818,055 195, 754,815 548, 997 167, 004. 410 , 205, 657,571 90S, 852 ' 1, 275.168 711,774 995, 006 1,983, 588 142, 922 313, 311 699,513 577,996 2, 658,663 1,030,412 728,707 1,323,724 109,157 375, 529 15, 406, 591 1,497, 013 1, 955,908 5,102,810 1, 279, 926 915, 467 1,219,658 1, 755, 451 567. 962 1,109, 845 t, 162,484 2, 049, 255 20,908, 527 57, 522, 086 C/5 te o te te H s O te w te h^ te te > CQ 0' te 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 GOVERNMENT B Y M O N T H S , ETC.—Continued. b:) Month. 1899-July August Septeraber October November December 1900—January February March April May June : T o t a l for 12 m o n t h s 1900—July August Septeraber October Noveraber December 1901—January February March .! April May June T o t a l for 12 raonths 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. Surplus revenues. $48, 054, 258 49, 978,173 45, 334,145 47, 533, 589 46, 945,572 46, 759,104 48,012,165 45, 631, 265 48, 726,837 45.039,327 45,166,053 51, 435, 832 $56, 561, 090 45, 522, 312 37,579, 372 44,174,027 40, 769, 848 39,145, 560 39,189, 097 37, 738,472 32,188, 271 40, 903, 928 40, 351,525 S3, 540, 673 X $8,506, 832 4, 455, 861 7, 754, 773 3, 359, 562 6,175,724 7,613,544 8, 823, 068 7, 892, 793 16, 538, 566 4,135,399 4, 814, 528 17, 895,159 567, 240, 852 487, 713,792 79, 527, 060 49, 955,161 49, 688, 756 45, 304, 326 51. 626, 067 48,344,515 46, 846, 508 47, 520, 287 45, 844,123 49,891,125 47, 767, 851 52, 629,440 50,333, 908 53, 979, 653 50, 500,199 39,169, 971 47, 993, 638 41. 278, 661 40, 204, 622 40,109, 707 38, 880, 636 40, 762, 862 41, 968. 246 42,136, 561 33, 045,147 a 4, 024, 492 a811,443 6,134, 355 3, 632, 429 7, 065, 854 6, 641, 886 7,410,580 6. 963, 487 9,128, 263 5, 799. 605 10,492,879 17, 288, 761 587,685,338. 509, 967, 353 77, 717, 985 Available Legal-tender Legal-tender N e t gold cash balance, notes notes i u Treasurj^, i n c l u d i n g redeemed in T r e a s u r y . n e t gold. in gold. $16, 317, 766 $245, 254, 534 $274, 844,167 18, 246, 243 248, 757, 971 279, 352, 872 17, 066, 521 254, 328, 820 287, 695, 613 36,615,736 252, 223,797 289.391,540 239, 744, 905 286, 216,440 16, 848, 640 283, 595, 453 17, 817, 580 236, 909, 230 292, 490, 973 16, 455, 244 218,613,617 298, 362, 824 14, 322, 423 232,225,336 306, 792, 996 10, 268, 313 248, 358, 064 296,117,548 13, 426, 509 229,461, 962 295, 783, 530 19, 946, 308 218, 857, 545 220,557,185 305, 705, 655 27,141,405 26,781,125 26,661,394 20, 468, 514 11,680,-495 11,408,327 10, 700, 362 12,817,781 11, 358, 9.67 9, 944, 303 9,155, 801 12, 304, 350 14,455,758 223, 567, 376 218,263,969 230,131,162 242, 670,175 248, 235, 735 246,561,322 221, 183, 644 231,150, 064 249, 046, 644 246, 767, 053 244,432, 246 248,605,794 299, 859, 365 285.419, 696 288, 204, 878 287, 005, 032 289,176, 791 290,107, 336 293, 012, 973 298, 915,149 308, 443, 522 306,494, 208 312, 338, 469 326,833, 125 Imports of gold. E x p o r t s of gold. . $2, 208, 091 2, 076, 548 1,105, 220 888, 828 I, 225. 020 1, 837,112 3,191,433 1,590,041 1,132,563 5, 072, 805 8, 482, 051 6, 788, 625 $2, 895, 469 5,391,411 2, 593, 894 8, .542. 254 2, 904, 043 5, 620, 246 1, 992, 692 1,911,116 1, 921, 036 3, 388,813 3, 683, 654 5, 728, 576 $2, 606,457 2, 099, 062 618, 995 379, 752 264, 510 11,857,511 5, 691, 290 1,405, 658 I, 081, 280 1, 961, 580 12, 209, 596 8, 095, 268 35, 598, 337 44, 573,184 48, 266, 759 2, 639, 656 I, 442, 265 1,001,519 1, 530, 704 3, 955, 240 2, 379, 510 7,100, 411 1,500,113 515,652 885, 525 819,985 , 452,553 11,263.352 4, 238, 558 7,861,555 10, 731, 375 12,641,988 3, 586, 611 4,265, 626 1,859,274 2, 520, 455 2, 249, 038 1,772. 834 3, 260, 743 3, 272, 739 18, 084, 938 806, 572 441, 962 677, 207 410,533 8. 221.159 416, 812 490, 269 4, 916, 965 10,101,177 5, 344, 844 . 06,051, 187 53,185,177 . 24,223,111 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 , a n d , 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 with t h e totals by years. T h e latter are t h e actual results, as shown b y complete r e t u r n s . te te te O te. O W te a te SECRETARY OF THE TREASURY. 123 TABLE J.—STATEMENT OF THE N E T DISBURSEMENTS ( B Y WARRANTS) DURING T H E FISCAL YEAR ENDED J U N E 30, 1901. CIVIL. Congress Executive Judiciary Government in the Territories Subtreasuries Public land offices Mints and assay offices .. , .' $4,929,655.16 12,473,489,75 6,294,006.71 224, 241.84 465, 257,50 746,774.34 231,128.30 $25, 364, 555. 60 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 Araerican Republics Deterraining canal route, Isthraus.of-Panama Pay of consular officers for services to American vessels and seamen... Eniergencies arising in the diplomatic and consular service 1 International Exposition at Paris Treaty oblig.ations between the United States and Spain in 1900 Miscellaneous trust funds : Miscellaneous items ! 425,506.63 682,989.16 161,312.67 241,252.57 13,871.65 26, 088,91 36,000,00 428,647,99 19,670.73 77,388.20 489,562.21 100,000.00 498, 335. 33 119,474. BO 3, 317, 900. 35 MISCELLANEOUS. . Public printing and binding Building, Government Printing Office Payment of judgraents. Court of Claims Contingent expenses, independent treasury Mint establishraent .A.ssessing and collecting internal revenue Paper for internal-revenue staraps Rederaption of internal-revenue stamps Punishing violations pf internal-revenue laws .Refunds, reliefs, etc., under internal-revenue laws Allowance or drawback under internal-revenue laws Refunding taxes illegally collected under internal-rev enue laws CoUecting revenue frora customs $7,713, '418, 82 Detection and prevention of frauds upon the customs revenue 80,482, 99 4,957, 587.95 874, 999.76 469,471.95 221,375.02 1,675,546.87 4, 278, 479. 65 56,055.09 245,046.75 . 70,451.94 14,185, S3 41, 617,66 1, 286,446,32 7, 793,901.81 Repayment to importers excess of deposits: 7,718, 057.34 Debentures and drawbacks under customs laws 5,257,980.91 Revenue-Cutter Service 1, 256, 550. 61 Life-Saving Service 1,650,907.17 Marine-Hospital Establishment :.. 1,240,192.37 Light-House Establishment 5,638,898.53 Expenses of regulating imraigration 333,195.34 Salaries, shipping service 58, 953.11 Services to Araerican vessels , 24, 064.45 Supplies for native inhabitants of Alaska 14,950.47 Enfc rceraent of alien contract-labor laws 140, 078,25 Enforcement of Chinese exclusion acts ....:... 158,928.84 Reveuue vessels 199, 511.39 Engraviug and printing 2, 058, 598. 21 Coast and Geodetic Survey''. 753,298.04 Steamboat-Inspection Service 354,929. 90 Custom-houses, post-offices, court-houses, etc 6, 781,368.78 Pay of assistant custodians and janitors of public buildings. 1, 033, 552.14 Fuel, lights, and water for public buildings 869,316.72 Furniture and heating apparatus for public buildings 465,731.98 Vaults, safes, locks, and plans for public buildings 35,920.78 Distinctive paper for United States securities 134,960.18 Expenses of national currency 41,999,03 Transportation and recoinage of coin ' 361,802.17 Preventing the spread of epidemic diseases : 173,872.41 Suppressing counterfeiting and other crimes 99, 062.26 Interstate Commerce Commission ' 257, 548.50 Credit on Central Pacific Railroad indebtedness 1,496, 090.41 Credit in settlement of Sioux City and Pacific Railroad indebtedness . 250,841.24 Expenses under Smithsonian Institution 141,176.87 National Museum 240, 096.46 National Zoological Park 75,388.63 Fish Comraission, general expenses 516,904.74 French spoliation clairas 29,006, 68 Clairas allowed under Bowraan and Tucker acts 14,068.87 Paymentof debt of Hawaii 2,488,071.88 Refunding customs revenue collected from Porto Rico 506, Oil. 90 Pan-American Exposition, Niagara frontier 343,692.92 Expenses of consols of 1930 .• 51,199.58 124 REPORT ON T H E FINANCES. 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, 1901—Continued. District of Columbia: General expenses Water department, payable from the water fund... Special trust funds $8,190,199.35 317,393.18 240,730.51 Buildings and grounds in AVashington under Chief Engineer Fuel, lights, etc.. State, War, and TTavy Department building Care, maintenance, etc., of Washington Monument Increasing water supply, Washington, D. 0 Support and treatment of destitute patients Prevention of deposits in New York Harbor Photolithograpbing for the Patent Office Official Gazette, Patent Office Surveying public lands , Protecting forest reserves Surveying forest reserves Contingent expenses of land offices Geological Survey ' Geological maps of the United States Protecting public lands, timber, etc Repayment for lands erroneously sold Payraent to settlers ou Des Moines River lands Deposits by individuals for surveying public lands Hot Springs Reservation, Arkansas Classification of certaiu mineral lands iu 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 of tbe Twelfth Census -. Liquidation of deposits, Hawaiian Postal Savings Bank Capitol building and grounds Interior Department building Colleges for agriculture and the mechanic arts Deficiency in the postal revenues Mail transportation, Pacitic railroads : Department of Agriculture Weather Bureau Miscellaneous iteras Deduct repayraents in excess of expenditures 8, 748, 323. 04 191, 024.03 37,999.33 ^ 35,776.85 344,997.57 20,583,35 ' 75,717.35 98,999.90 138,448.83 273,957.54 297, 573. 24 135,979.81 188,979.59 697,320.49 80,709.45 176,077.86 51,786.50 91,251.05 179,183,12 19,336.35 23,861.40 95, 785.37 493, 995.28 57,500.00 35,100.00 19, 000.00 7,809, 948.00 757, 024.67 404,191.44 IS, 500.00 1,200,000.00 4,954, 762.21 606, 534.08 2, 900,653.45 1,063,244.00 302,995.59 95,851,664.86 2,252, 095,71 $93, 599, 569,15 INTERIOR D E P A R T M E N T . Indians Pensions 10, 896, 073, 35 139, 323, 621, 99 150,219,695.34 M I L I T A R Y ESTABLISHMENT. National Defense Eraergency fuud Pay Department Pay Department, bounty and raiscellaneous Extra pay. Volunteers, war with Spain Commissary Department Quarterraaster'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 rivers aud harbors Contingencies of the Army Military telegraph and cable lines, Alaska Signal Service of the Army Construction of military posts, roads, etc 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 aud 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 with Spain Refunding customs revenue collected from Porto Rico Bringing home remains of officers, soldiers, and others who die abroad Reliefs and reimbursements Miscellaneous items , 900,233,00 360, 583.08 57,896 966.89 346.512,32 249,324.61 12,764, 977.27 48,010, 865.85 212, 082.65 2,400,085,24 " 153,083,00 4,219,244.64 1,011, SS7.89 4,658,723.00 1,742,610.17 398,891.67 841,094.75 19,544,473.71 45,985.85 123,050.00 446, 698.93 995,497.41 492,610.71 526, 032.77 1,135,380.59 3,276,708.85 - 63,732.99 47,354.67 114,369,12 . 35, 741,82 74,497.65 964,186.77 372,090,34 202,168.93 78,945.00 115,755.06 144,615, 697.20 SECRETARY OF T H E TREASURY. 125 T A B L E J . — S T A T E M E N T O F T H E N E T DISBURSEMENTS ( B Y WARRANTS) DURING T H E FISCAL YEAR ENDED J U N E 30, 1901—Continued. NAVAL ESTABLISHMENT. National Defense Emergency fund Pay, etc., of the Navy Pay, miscellaneous r. •.. Deposit fund Contingent, Navy Marine Corps . Naval Academy Navigation ' Ordnance Equipment Yards and Docks Medicine and Surgery .' Supplies and Accounts Construction and Repair Steam Engineering Increase of the Navy Navy transportation. Pacific railroads ,... Judgments, bounty for destruction of enemies'vessels Transportation of' contributions for poor of Jndia 01,150,010. 60 643,052.13 : , Deduct repayments in excess of expenditures Interest on the public debt $203,895.74 555,395.72 12,674,724. II 672,821.25 401,636.28 8,657.98 2,318.064,18 725,728.03 473,590.51 3, 097, 203.27 4,060, 522.73 5,294,178.98 403,893.29 3. 573,119.61 7,810,405.49 3,542,627.02 15,202,578.53 58,213.62 ,52,754.26 20,000.00 : $60,506,978.47 32,342,979.04 Total net ordinary expenditures Redemption of the public debt Premium 509, 967, 353.15 212,620,767.78 14,649,572.95 Total expenditures Balance iu the Treasury J u n e 30,1901 Grand total 737,237,695.88 1,128,762,603.23 1,866,000,297. II 126 REPORT ON THE FINANCES. T A B L E K . — S T A T E M E N T OF R E C E I P T S OF THE U N I T E D STATES FROM MARCH 4, 1789, JUNE 30 FROM Balance iu the Treasury at coraraencem e n t of 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 I83I 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 1872 1863 1864 18Q5 $973, 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, 311. 3, 295,391.00 5, 020, 697. 64 4, 825, 811.60 4, 037, 005.26 3, 999, 588.99 4,538,123."" 9, 643, 850, 07 9, 941. 809.90 3, 848, 058. 78 2, 672, 276.57 3, 502, 305. 80 3,862, 217.41 5,196, 542. 00 I, 727, 848. GH 13,106, 592, ^ 22,033, 519. ] 9 14, 989, 465. 48 1.478. 526.74 2,079, 992. 38 1,198, 401. 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, Oil, 777. 55 II, 702, 905. 31 8, 892, 858.42 26, 749, 803. 96 46, 708, .436.00 37, 327, 252. 69 36. 891,196. 94 33.157, 503. 68 29, 963,163. 46 28, 685, 111. 30,521,979.44 39,186, 284. 74 36, 742, 829. 62 36,194, 274. 81 38, 261. 959. 65 33.079, 276.43 29, 416, 612.45 32, 827, 082. 69 35,871, 753. 31 40.158, 353. 25 43, 338, 860. 02 50, 261. 901.09 48, 591, 073.41 47, 777, 672. IS 49,108, 229.80 46,802, 855. 00 35,113, 334. 22 33,193, 248. 60 32, 979, 530. 78 30, 963, 857.83 46,965, 304. 87 36, 523, 046.13 134,433, 738. 44 Customs. $4, 599, 473.09 3,443, 070.85 4,255, 306.56 4,801, 065, 28 5, 588,461.26 6, 567,987. 94 7,549, 649. 65 7,106, 061. 93 6, 610,449. 31 9, 080,932,73 10,750, 778.95 12,458, 255. 74 10,479, 417. 61 11, 098,565, 33 12,9S6, 487.04 14, 667, 698.17 15, 845,521. 61 16, 363,550.58 7, 257,506, 62 8, .583,309. 31 13, 313,222.73 8, 958,777. 53 13,224, 623. 25 5,998, 772. 08 7,282, 942.22 36, 306,874. 26, 283, 548.49 17,176, 585. 00 20, 283,608. 76 15,005, 612.15 13, 004,447.15 17, 589,761. 94 19, 088,453.44 17, 878, ,325. 71 20, 098,713.45 23, 341,331.77 19,712, 283.29 23, 205,523. 64 22, 681,965.91 21, 922, 391,39 24, 224,441. 77 28,465, 237,24 29, 032,508, 91 16,214, 957.15 19, 391,310. 59 25, 409,940. 53 11,169, 290. 39 16,158, 800, 36 23,137, 924. 81 IS, 499, 502.17 14,487, 216.74 18,187, 908.76 7, 046,843, 91 26,183. 570,94 27, 528, 112, 70 26,712, 667, 87 23,747, 864.66 31,757, 070.96 28, 346,738. 82 39, 668,686,42 49, 017,567. 92 47, 339,326, 62 58, 951,865, 52 G4, 224, 190. 27 53, 025,794. 21 64,022, 863. 50 63,875, 905.05 41, 789,620. 96 49, 565,824. 38 55,187, 511. 87 39, 582,125. 64 • 49, 056,397. 62 69,059, 642, 40 102, 316,152. 99 84, 928, 260. 60 I n t e r n a l revenue. $208,942, 337, 705, 274, 089, 337, 755. 475, 289. 575,491. 644, 357. 779,136. 809, 396. 1,048. 033. 621,898. 215, 179. 50,941, 21, 747, 20,101 13,051. 8,190. 4.034. 7,430, 2, 295. 4, 903. 4, 755. 1,662, 984. 4, 678,059. 5,124, 708. 2, 678,100. 955,270. 229, 593. 106,260. 69,027. 67, 665, 34,242, 34,663 25, 771. 21, 589, 19, 885. 17, 451, . 14,502. 12,160. 6, 933. I I , 630. 2,759. 4, 196. 10,459. 370. 5,493. 2,467. 2, 553. I, 682. 3,261, 495, 103. 1, 777. 3, 517. 2, 897. 375, 375, 37, 640, 787. 95 109,741,134.10 209, 464, 215.25 Direct tax. Public lands. Miscellaneous. $4,836.13 83, 540. 60 11,963.11 $734, 223. 97 534, 343. 38 206, 565.44 71, 879. 20 50, 198.44 21, 882,91 55, 763.86 34, 732. 56 J 9, 159.21 7, 517. 31 12, 448.68 7, 666. 66 859. 22 805.52 2,219, 497.36 2,162, 673.41 4, 253, 635.09 1,834, 187. 04 264, 333, 36 83, 650.78 51, 586. 82 29, 349.05 20, 961. 56 10, 337.71 6, 201.96 2, 330. 6, 638.76 2, 626. 90 2, 218. 81 11. 335.05 16, 980. 59 506.01 10, 791.13 394,12 19,80 263.33 728.79 687. 70 755.22 1, 795, SSL 73 1,485,103.61 475, 648. 96 1, 200,573. 03 443. 75 J 67,726. 06 188, 628.02 165, 675. 69 487, 526. 79 540, 193,80 765, 245. 73 466, 163, 27 647, 939, 06 442, 252. 33 696, 548. 82 1. 040,237.53 710, 427, 78 835, 655.14 1,135, 971. 09 1,287, 959.28 1,717, 985.03 1,991, 226.06 2, 606,564.77 3,274, 422. 78 1, 635,871.61 I, 212,966.46 1, 803,581.54 916, .^^23.10 984, 418.15 1,216. 090. 56 I, 393,785. 09 1,495, 845. 26 1,018, 308. 75 1, 517,175.13 2, 329,356.14 3, 210,815.4S 2,623, 381. 03 3, 967,682. 55 4, 857,600, 69 14, 757,600. 75 24, 877, 179.86 6,776, 236.52 3,730, 945. 66 7,361, 576. 40 5, 411,818.63 I, 365,627. 42 1, 335,797. 52 898, 158.18 2, 059,939. 80 2, 077,022. 30 a, 694,452,48 2, 498,355, 20 3,328, 642, 56 1, 688,959. 55 1, 859,894.25 2, 352,305.30 2,043, 239.58 I, 667,084.99 8,470, 798. 39 II, 497,049. 07 8, 917,644.93 3, 829,486. 64 3,513, 715.87 °],756, 687.30 1,778, 557, 71 870, 658. 54 152, 203, 77 167, 617,17 333, 29 1, 553. 31 $10, 478.10 9, 918. 65 °21, 410. 88 53, 277, 9' 28, 317, 97 1,169, 415. 98 399, 139. 29 58, 192. 81 86, 187.56 152, 712.10 345, 649.15 1, 500,505,86 131, 945.44 139, 075.53 40, 382. 30 51, 121, 86 38, 550.42 21. 822.41 62, 162, 57 84, 486. 84 59, 211.22 126, 165.17 271, 751.00 164, 399,81 .285, 282. 84 273, 782, 35 109, 761. 08 57, 617. 71 57, 098.42 61, 338, 44 .152, 589.43 452, 957,19 141, 129, 84 127, 603, 60 ISO, 451. 81 94, 588.66 1,315, 722. 83 65, 126. 49 112, 648.55 73, 227.77 584, 124, 05 » 270,410.61 470, 096. 67 480, 812. 32 759, 972.13 2, 245,902. 23 7,001, 444. 59 6,410, 348. 45 979, 939, 2, 567,112.28 1, 004,054.75 451, 995.97 285, 895.92 1,075, 419.70 361, 453. 68 289, 950.13 220, 808. SO 612, 610,69 685, 379,13 2, 064,308. 21 1,185, 166.11 464, 349,40 988, 081.17 1,105, 352.74 827, 7S1.40 1,116, 190. 81 1, 259,920.88 1,352, 029.13 1,454, 596, 24 1, 088,530. 25 I, 023,515.31 915, 327.97 3, 741,794. 38 SO, 291,701.86 25, 441,556. 00 (I F o r tjie h a l f ^ e a r from SECRETARY OF T H E TREASURY. TO J U N E 30, THAT T I M E . 1901, Dividends. B Y CALENDAR YEARS TO 1843 Net ordinary Interest, Preraiuras, receipts. 1791 $4 409, 1792 $8, 028. 00 3 669, 1793 38, 500,00 4 652, 1794 303,472. 00 5 431, 160, 000. 00 6 114, 1795 100,000.09 1796 8 377, 1797 80, 960. 00 8 688, 1798 79, 920,00 7 900, 1799 71, 040. 00 7 546, 71, 040. 00 10 848, 1800 88, 800. 00 12 935, 1801 1802 39, 960. 00 14 995, 1803 11 064, 1804 11 826, 1805 13 560, 1806 15 559, 1807 16 398, 1808 17 060, 1809 7 773, 1810 9 384, 1813 /14 422, 1812 9 801, 1813 14 340, 1814 11 181, 1815 15 696, 1816 47 676, 1817 202, 426. 30 33 099, 1818 525, 000. 00 21,585, 675, 000. 00 24 603. 1819 1820 , 000,000. 00 17 840, 305, 000. 00 14 573, 1821 297, 500. 00 20,232, 1822 350, 000. 00 20 540, 1823 350, 000. 00 19,381, 1824 367, 500, 00 21 840, 1825 402, 500. 00 25 260, 1826 420, 000. 00 22 966, 1827 455, 000. 00 24 763, 1828 490, 000. 00 24 827, 1829 490, 000. 00 24 844, 1830 490, 000.00 28 526, 1831 490, 000. 00 31 867, 1832 474, 985. 00 33 948, 1833 234, 349. 50 1834 21 791, 506, 480. 82 35 430, 1835 292, 674, 67 50 826, 1836 1837 24 954, 1838 26 302, 1839 31 482, 1840 19 480, 1841 16 860, 1842 19 976, 1843a 8 231, 1844 29 320, 1845 29 970, 1846 29 699, 1847 26 467, 1848 35 628, 1849 30 721, 1850 43 592, 1851 52 555, 1852 49 846, 1853 61 587, 1854 73 800, 1855 65 350, 1856 74 056, 1857 68 965, 1858 46 655, 1859 52 777, 1860 56 054, 1861 41 476, 1862 51 919, 1863 112 094, 1864 243 432, 1865 322 031, ^ a n u a r ^ 1 to J u n e 30,1843, $4, 800. 00 42,800. 00 78, 675, 00 "io,'i25.*66 300. 00 85.79 11,541.74 68, 665.16 267, 819.14 412, 62 AND B Y F I S C A L YEARS Receipts frora loans and Gross receipts. Treasury notes. „ $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, 229.24 127 (ENDED Unavailable. $4, 771, 342. 8, 772, 458. 6, 450,195. 9,439, 855. 9, 515, 758. 8, 740, 329. 8,758,780. 8,179,170. 12, 546, 813. 12,413, 978. 12, 945, 4.55. 14, 995, 793. 11, 004, 097. il, 826, 307. 13, 560, 693. 15, 559,931. 16, 398, 019. 17,060, 061. 7,773, 473. 2, 750, 000. 00 12,134,214. 14, 422, 634. 12,837, 900. 00 22, 639, 032. 40,524,844. 26,184, 335.00 23, 377',820. 00 34, 559, 536. $32,107.64 35, 220,671.40 50,963,237. 686, 09 9,425, 084. 91 57,171, 421. 406, 723. 45 33, 833, 592. 8, 353. 00 21, 593, 936. 2, 291. 00 24, 605, 665. 20,881,493. 40, 000. 00 3, 000,824.13 19, 573, 703. 5, 000,324. 00 20, 232, 427. 20,540, 666. 5, 000, 000.00 24, 381, 212. 5, oop, 000.00 26, 840,858. 25, 260,434. 22,966, 363. 24, 763, 629.23 24,827. 627.38 24,844,116. 5l! 28, 526, 820.82' 31, 867, 450,661 $1,889,50 33, 948, 426.25 21, 791,935,55' 35, 430, 087.10' 50, 826, 796,08'. 2, 992, 989.15 27, 947,142.3.9; 63, 288. 35 12, 716, 820. 86 39, 019, 382,6 0 . 3, 857, 276. 21 35, 340, 025.82 1,458,782.93 5, 589, 547. 51 25, 069, 662.841 37,469. 25 30, 519, 477.65' 13, 659, 317. 14,808, 735. 64 34, 784, 932. 11,188.00 71, 700. 83 12,479, 708. 36 20,782,430. 31,198, 555. 666. 60 1,877,181.35 29, 970,105, 28, 251.90 29, 699,967. 55, 368,168. . 30, 000.00 28, 365. 91 28, 872,399.45 37, 080. 00 21, 256,700. 00 56, 992,479. 487,065.48 28, 588,750. 00 59, 796,892. 10, 550. 00 4,045, 950. 00 47, 649, 388. 4, 264.92 203, 400. 00 52,762, 704. 46, 300. 00 49, 893,115. 22.50 103,301. 37 16, 350. 00 61, 603, 404. 73,802, 343. 2, 001.67 800. 00 65, 351, 374. 200. 00 74, 056, 899. 3, 900. 00 68,969,212. 23,717, .300. 00 70, 372, 665. 28, 287,500. 00 81,773,965. 709,357.72 15,408. 34 76,841,407. 10, 008, 00 20, 776,800.00 41,861, 709. 74 83, 371, 640. 33, 630.90 68,400. 00 529,692, 460. 50 581,680,121, II, 110.81 602, 345.44 776, 682,361.57 889, 379, 652. 6, 000. 01 21,174,101. Olil,128,873, 945.36 1, 393,461, 017, 9, 210.40 6. 095.11 II, 683,440. 89 1,472,224, 740.85 1,805,939, 345. 128 REPORT ON THE FINANCES. T A B L E K . — S T A T E M E N T OF THE R E C E I P T S OF THE Balance iu the Treasury at commencem e n t of y e a r . 1866 1867 $53, 93S, 657. 89 160, 817, 099.75 1868 198, 076,437.09 1869 158, 936, 082.87 1870 185, 781, 985.76 1871 177, 604.116.51 1872 158, 019,122.15 1873 134, 666,001.851 1874 159, 293, 673.41 1875 178, 853, 339. 54 1876 172, 804, 061.52 1877 149, 909,377.21 1878 214, 887, 645.88| 1879 286, 591, 453.88 1880 386, 8S2.-588. 65 1881 231, 940.064.44 1882 280, 607, 668, 57 1883 275, 450,90S. 55 1884 374, 189,081.98 1885 424, 941,405.07 1886 521, 794, 026. 26 1887 526, 848,755.46 1888 512, 851, 434. 36 1889 659, 449, 099. 94 1890 675, 399,118.18 1891 691, 527,403.7b 1892 726, 222, 332.60 1893 778, 604,339.28 1894 738, 467,555.07 1895 763, 565, 540.75 1896 773, 610, 008. 76 1897 846. 093,349.62 1898 864, 790,257.7l' 1899 775, 751, 568. I I 1900 867, 980. 559.461 1901 1,059, SS6, 549.58 Customs. I n t e r n a l revenue. Direct tax. $179,046,651.58 $309, 226, 813.42 $1,974, 754.12 176,417, 810. 88 266,027,537.43 4, 200,23S. 70 164, 464, 599.56 180, 048, 426.65| 194, 538, 374.44 206, 270, 408. 05| 216,570, 286.77 188, 089, 522.701 165,105, 833. 69 157,167, 722. 35| I48^071, 984. 61 ISO, 956, 493. 071 130,170, 680.20 137,250, 047.70 186, 522, 064. 60 198,159, 676.02 220,410, 730. 25 214,706, 496. 93 19.5,067, 489.76 181,471, 939.34 192, 9i)5. 023.44 217, 286. 893.13 219, 091, 173. 63 223, 832, 741. 69| 229, 668, 584.57 219, 522, 205. 231 177, 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, 871.16 238,585, 455.99 8, 579, 901,258. 91 UNITED P u b l i c l a n d s . Miscellaneous, $665,031.03 $29, 036, 314. 23| 1,163,575. 76| 15, 037, 522.1 391.087, 589.41 1, 788,145. 85 1, 348, 715. 41 17, 745, 403. 59 158, 356, 460.861 765,685,61 4, 020, 344. 34 13, 997, 338.65 184, 899, 756.49| 229,102, 88| 3, 350, 481.76 12,942, 118. 30 143, 098, 153.63 580, 555.37 2, 388, 646. 68! 22, 093, 541.211 ISO, 642, 177.721 2, 575, 73.4.19| 15,106, 053.23 l i s , 729. 314,14 8,882, 312.38 17,161, 270. 05 315, 254, 51 102,409, 784, 90 I, 852, 428. 93 32, 575, 043. 32 110, 007, 493. 58| 1, 413, 640.17 15,431, 915.31 116,700. 732. 03 93, 798.80 1,129, 466, 95 24, 070, 602. 31 118,630, 407.83 976, 253. 68| 30,437, 487.42 110, 581, 624.74 1,079, 743. 3' 15, 614, 728. 09 113, 561, 610.58 924, 781. OGl 20, 585, 697.49| 124, 009, 373.92! 30. 85 1,016, 506. 60 21,978, 525. 01 135,264, 385.51 I, 516. 89 2, 201, 863.17 25,154, 850. 98| 146,497, 595.45i 160,141.69 4,753, 140. 37 31,703, 642. 52 144,720, 368.98 108,156. 60 7, 955, 864.42 30,796, 695.02 121, 586, 072.53 70, 720,75 9, 83 0, 705. 01 21,984, 881.89 112, 498, 725. 54 5,705, 986.44 24, 014, 055. Ob 116, 805, 936.481 108, 239.94 5, 630, 999.34 20, 989, 527.86 118,823, 391.22 32, 892, 05| 9, 254, 286.42 26, 005, 814. 84 124, 296, 871.981 1, 565.82 I I , 202, 017. 23 24, 674, 446.10 ISO, 881, 513,92| 8,038, 651. 79 24, 297, 151.44 142, 606, 705. 81 6, 358, 272. 511 24,447, 419.74 145,686, 249.44 4, 029, 535.41 23, 374, 457. 23 153,971, 072. 57 3, 261, 875. 581 20, 251, 871. 94 161,027, 623.93 3,182, 089. 78 18, 254, 898. 34 147, 111, 232.81 1,673, 637. 30 17,118, 618. 52 143,421, 672.02 1,103, 347.16 16, 706, 438.48 146,762, 864.74 1, 005, 523.431 19,186, 060. 54 146,688, 574.29 864, 581. 41 23, 614, 422. 8l| 170,900 641.49 1, 243, 129. 421 83, 602, 501. 94, 273,437, 161. 51 246. 81 1, 678, 882. 981 34, 716, 730.11 295, 327, 2, 836, 119.65 35, 911, 170. 99 307,180, 926.76 663.77 2, 965, 38,954, 098.12 6, 057, 590,231. 50 28,131,990.52 300, 320, 075. 04 999,188,114. 49 a A m o u n t h e r e t o f o r e c r e d i t e d to t h e T r e a s u r e r as SECRETARY OF T H E TREASURY. 129 STATES FROM MiiRCH 4, -1789, TO J U N E 30, 1901, ETC.—Continued. Dividends. 1866 1867 Net ordinary Interest. receipts. $519,949,564.38 462,846, 679.92 Preraiuras. Receipts frora loans and Gross receipts. Treasury notes. Unavailable. $38, 083,055.68 $712, 851, 553. 0551,270,884,173.11 $172, 094.29 27, 787, 330. 35 640, 426, 910.29 1,131,060,920.561 721, 827.93 2, 675,918,19 29,203. 629.50 13,755, 491.12 15,295, 643,76 8,892, 839, 95 9,412, 637. 651 II, 560,530.891 5,037, 665.22 3, 979,279. 69 4,029, 280. 58 405, 776.58 317, 102.30 1, 505,047.63 110, 00 625, III, 433. 1,030, 749, 516. 238, 678,081. 609, 621, 828. 285,474, 496. 696, 729,973. 268, 768, 523. 652, 092, 468. 305,047,054. 679, 153,921. 214,931,017. 548, 669, 221 439,272, 535, 744, 251, 291. 387, 971, 556, 675, 971, 607. 397,455, 808. 691, 551,673. 348, 871, 749. 630, 278,167. 404, 581, 201. 662, 345,079. 792, 807, 643. 1, 066,634, 827. 211, 814,103. 545, 340,713. 113,750,534. 474, 532,-^826. 120,945,724. 524, 470, 974. 555,942,564. 954, 230,145. 206,877,'886. 555. 397,755. 887, 009. 245,196,303. 00, 568, 116,314,^850. 00 452, 754, 577. 154,440,900. 00 525,844,177. 285, 016, 650.00 664, 282, 724, 245, 111; 350.00 632, 161, 408. 374, 632. 245, 293j 650.00| 648, 821, 305. 373, 208i 857.75; 765, 401, 296, 381,463,512. 00, 736, 347, 051, 586.00 732, 871, 214. 006, 538. 8,633,295.71 417, 651, 223.50, 724, 516,625. 11, 339,344. 62| 395, 787, 205.50, 720, 482,710, 363. 11,166, 246. 41 50 820, 852,810. 389, 930, 220.00 737, 651, 925. 549,255. 333,227,920. 00| 738, 522, 490, 720.00 1, 038,451,340, 510,55?, 056.00,1,077, 798, 907. 218, 978, 610.00 80G, 663,947. 1868 1869 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 a 2,070.73 a3,396.38 a 18,228.35 a 3,047.80 12,691.40 a I, 500.00 47, 097. 65 7,997. 64 'a73i.*li |$9,720,136.29,15,974,851.806.55 $485,224.45 235, 398,107. 5717,259,242,393. 09 33,469,977,531.66|2,714,730.71 unavailable a n d since recovered and charged to his account. FI 1901- 130 REPORT ON THE FINANCES. 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 T H E U N I T E D STATES FROM M A R C H 4, J U N E 30) FROM Navy, Year. 1791. 1792. 1793. 3794. 1795. 17961797. 1798. 1799. 1800. 1801. 1802. 1803. 1804. 1805. 1806. 1807. 1808. 18091810. 1811. 18121813. 1814. 1815. 1816. 1817. 1818. 1819. 18201821. 1822. 1823. 1824. 1825. 1826. 1827. 1828. 1829. 18301831. 18321833183418351836. 1837. 183818391840184118421843' 1844. 1845. 184618471848. 184918501851. 1852. 1853. 18541855. 1856185718581859. 1860. 1861. 1862. 1863. 1864. $632, 804.03 1,100, 702.09 1,130, 249. 08 2,639, 097.59 2, 480,910.3.3 1, 260,263.84 1,039, 402.46 2,009, 522.SO 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. . 8,004,236,53 5,622, 715.30 6,506, 300. 37 2, 630,392, 31 4,461, 291. 78 5, 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 . 11,747,345. 25 13,682, 730.80 12,897, 224.16 8,916, 995. 80 7,095, 267. 23 8, 801,610. 24 6, 610,438.02 2,908, 671. 95 5,218, 183. 66 5,746, 291.28 10,413, 370. 58 35,840, 030. 33 27,688, 334. 21 14, 558,473. 26 9, 687,024.58 12,161,965.11 8,521,506.39 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 23,001,530, 67 389,173,562.29 603,314,411. 690,391,048. 66 $61,408.97 410, 562. 03 274,784.04 382, 63L 89 1, 381. 347.76 2,858, 081.84 3, 448, 716.03 2, 111, 424.00 • 915,561.87 1, 215, 230. 53 1,189, 832,75 1, 597, 500.00 1,649, 641.44 1,722.064.47 I, 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. SO 3, 314, 598.49 2,953, 695.00 3, 847, 640.42 4, 387, 990.00 3, 319.243.06 2,224, 458. 2, 503, 765.83 2, 904, 581.56 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. I I 6, 297,177. 89 6, 455, 013. 92 7, 900, 635.76 9,408,476. 02 9,786,705. 92 7, 904, 724.66 8,880, 581. 38 8,918,842.30 11, 067, 789. 53 10, 790, 096. 32 Is, 327, 095.11 I4, 074, 834. 64 12, 651, 694.61 14, 053, 264. 64 14,690, 927.90 11, 514, 649. 83 12, 387,156.52 42, 640,355. 09 65,261,255.31 85,704,965. 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 3L22 9, 000. 00 94,000. 00 60, 000.00 116,500. 00 196, 500.00 234, 200. 00 205,425.00 213,575.00 337,503. 84 . 177,625.00 151,875.00 277,845.00 167,358.28 167,394.86 530, 750. 00 274,512.16 319, 463. 71 505,704. 27 463,181. 59 S15, 750. 01 477, 005.44 575,007.41 580, 781.82 429, 987. 90 724,106. 44 ' 745,447. 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; 794.86 2,514,837.32 1,199, 099. 68 578,371.00 1, 256, 532. 39 1,539,353.35 I, 027, 693. 64 1,430,41L 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. 8: 81,599.24 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, 804.15 297, 374.43 890, 719. 90 2,415,939.85 3,208, 376.31 242, 817. 25 1, 948,199. 40 1, 780, 588.52 1,499, 326. 59 I, 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 5,142, 750.51 •2, 603, 562.17 2,388,434.51 1, 378, 931. 33 839, 041.12 2, 032, 008. 99 2,400, 788.11 1,811, 097. 56 1, 744, 883.63 1, 227, 496.48 1, 328, 867, 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 I, 296, 229. 65 I, 310, 380. 58 I, 219,768. 301 1,222, 222.71 1,100, 802. 52 1, 0S4, 599. 75 852,170.47 1,078, 513.36 4,985,475.90 Miscellaneous. $1, 085,971.61 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 I, 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. 53 1, 425,285. 63 1, 215,803. 79 1,101, 144.98 1,367, 291. 40 1, 683,088. 21 1,729, 435. 61 2, 208,029. 70 2, 898,,,870,47 2, 989,741.17 3, 518,936,76 3, 835,839.51 3. 067,211.41 2,592, 021.94 2, 223,121. 54 1, 967,996.24 2, 022,093.99 7,155, 308. 81 2,748, 544 2, 600,177. 79 2, 713,476. 58 3, 676,052.64 5,082, 234. 65 5, 257,416. 04 5, 064,646.10 4, 577,141.45 5, 716,245. 93 4, 404,728. 95 4, 229,698. 53 5, 593,279.72 9, 893,370. 27 7,160, 664.76 5, 725,990. 89 5,995, 398.96 6, 490,881.45 6,775, 624. 61 3, 202,715.00 5, 645,185. 86 5, 911,760. 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. 68 24,090, 425. 43 31, 794,038. 87 28, 565,498. 77 26,400, 016, 42 23, 797,544.40 27,977, 978.30 23, 327,287. 69 21,385, 862. 59 23,198, 382.37 27,572, 216. 87 * For the half year from SECRETARY OP T H E 1789, TO J U N E 30, 1901, THAT T I M E . B Y CALENDAR YEARS TO 1843 Year. Net ordinary ex- Premiums. penditures. 1791 1792 1793 1794 1795 1796 1797 1798 1799 1800 1801 1802 1803 1804 1805 1806 1807 1808 1809 1810 1811 1812 1813 1814 1815 1816 1817 1818 1819 1820 1821 1822 1823 1824 1825 1826 1827 1828 1829 1830 1831 1832 1833 1834 1835 1836 1837 1838 1839 1840 3841 1842 18431 1844 1845 1846 1847 1848 1849 1850 1851 1852 1853 1854 1855 1856 1857 1858 1859 1860 1861 1862 1863 1864 $1, 919, 589. 5,896,258. 1,749,070. 3, 545, 299. 4, 362,541. 2, 551,303. 2,836,110. 4, 651,710. 6, 480,166. 7, 411, 369. 4,981. 669. 5, 737, 079. 4, 002,824. 4,452, 858. 6,357,234. 6, 080. 209. 4, 984, 572. 6, 504, 338. 7,414, 072. 5, 311, 082. 5, 592, 604. 17, 829, 498. 28, 082, 396. 30,127, 086. 26, 953, 571. 23, 373,432, 15,454, 609. 13,808,673. 16, 300, 273. 13,134, 530. 10, 723, 479, 9, 827, 643, 9,784,154. 15, 330,144, 11,490,459, 13, 062,316, 12, 653, 095. 13, 296, 041, 12, 641, 210. 15, 229, 535, 13, 864, 067, 16, 516, 388, 22,713,755, 18,425,417. 17, 514, 950. 50, 868,164. 37, 243, 214. S3, 849, 718. 26,496,948. 24,139, 920, . 26,196, 840. 24, 361, 336. 11, 256, 508. 20, 650,108. 21, 895, 369. 26,418,459. 53, 801, 569. ,45, 227, 454. 39,933, 542, 37,165, 990. 44,054.717. 40, 389; 954. 44, 078,156. 51, 967, 528, 56,316,197, 66, 772, 527, 66,041,143 72, 330,437, 66, 355, 950, 60,056,754, 62, 616, 055. 456, 379, 896, 694,004, 575, 811, 283, 679. Interest. $1,177, 863. 03 2, 375,611,28 2, 097,859.17| 2, 752,523,04 2, 947,059, 06| S, 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. 3,599, 455. 221 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 1.912, 574.93 1, 373,748. 74 772, 561. 50 303, 796. 87 202, 152.98 57, 863.08 $18,231.43 82, 865.81 69, 713.19 170, 063.42 420, 498. 64 2, 877, 818. 69 872, 047.39 385, 372. 90 363,572.39| 574, 443. January 1 to J u n e 30, 1843. TREASURY. 14, 996.48 399, 833.89 174, 598. 08 284, 977.55 773, 549.85 523, 583.91 1, 833, 452. IS 1,040, 458.18 842, 723.27 1,119, 214.72 2,390, 765.88 3,565, 535. 78 3, 782, 393. OS 3, 696, 760.75 4, 000, 297.80 3, 665, 832. 74| 3, 070, 926. 691 2. 314, 464. 991 1,955, 822. 37 I, 593, 265.23| 1, 652, 055. 67 2, 637, 649. 70| 3,144, 120.94 4,034, 157, SOj 13,190, 344. 84 24, 729, 700. 62| 53, 685, 421. 691 131 AND BY F I S C A L YEARS ( E N D E D Public debt. Gross expenditures. Balance in Treasury at the end of the year. 984. 23 $973, 905. 75 $3, 797, 436.78 050.25 783, 444. 51 8, 962, 920.00 753, 661. 69 6,479, 977.97 2, 633, 048.07 1,151, 924.17 2, 743, 771.13 9, 041, 593.17 516, 442.61 2,841, 639.371 10,151, 240.15 888, 995.42 2, 577, 126.01 • 8,367, 776. 84 2, 617, 250.121 8, 625, 877. 37 1, 021,899. 04 . 976, 032. 09 8,583, 618.41 617, 451.43 11,0'02, 396. 97 2,161,867.77 1, 706, 578. 84 563. I I 554.12 11, 952, 2, 623,311. 99 1,138, 3, 295,391. 00 12, 273, 376, 94 2, 879, 876.98 5, 020,697. 64 5, 294, 235.24 13, 270, 487,31 4, 825,811. 60 3,306, 697.07 I I , 258, 985. 67 4, 037,005.26 12,615, 115.72 3, 977, 206. 07 IS, 598, 509.47 3, 999,388. 99 4, 583, 960.63 4, 538,123.80 15, 021, 196. 26 5, 572, 018. 64 .9,643,850. 07 11,292, 292. 99 2,938, 141. 62 9, 941 809. 96 7,701, 288. 96 16, 762, 702.04 3, 848,056. 78 13, 867, r226.30 3, 586, 479. 26 2, 672,276. 57 IS, 309, 994.49 4, 835, 241.12 IS, 592, 604. 86| 3, 502,305, 80 5, 414, 564.43 3,862, 217.41 22, 279, 121.15 1, 998, 349.88| 5,196, 542,00 39,190, 520.36 7, 508, 668. 22| 3,307, 304. 90 38, 028, 230. 321 1, 727,848. 63 39, 582, 493. 351 13,106, 592, 88 6, 638, 832. I I 48, 244, 495. 51 22, 033,519.19 17, 048, 139.59 40, 877, 646, 04 14, 989,465.48 20, 886, 753.57 1,478, 526.74 35,104, 875. 40 15, 086, 247.59 2, 079,992, 38 24,004, 199.73 2, 492, 195.73 1,198, 461, 21 21,763, 024, 85 3, 477, 489.96 1, 681,592. 24 19, 090, 572. 69 3, 241, 019. 83 17, 676, 592. 63 4, 237,427, 55 2, 676, 160.531 17L00 541.01 15, 314, 9,463, 922.81 607, 31, 898, 538.47 1, 946,597.13 11, 624, 835.;83| 5, 201,650.43 23, 585, 804. 72 7, 728, 587.38! 6, 358,686.18 24,103, 398,46 7, 065, 539.24 22, 656, 764.04 .6, 668,286.10 6,517, 596.1881 5, 972,435. 81 25, 459, 479,52 9, 064, 637; 47 5,755, 704. 79 25,044, 358.40 9, 860, 304177 24,585, 281.551 6, 014,539. 75 9, 443, 173. 29 629148 30, 038, 446.12 4, 502,914.45 3.4, 800, 34, 356, 698.06 17,067, 747'. 79 2, on,777.55 24, 257, 298.491 11,702, 905.51 1, 239, 746. 51 24,601, 982.44 5,974, 41^. 21 8,892, 858.42 528.20 17, 575, 14L56 26, 749,80S.96 50, 868, 164. 041 46, 708,456. 00 S7, 265, 037.151 37, 327,252. 09 21, 822.91 59,455, 438. 35 36,891, 196. 94 5, 590, 723. 79 57, 614, 936.15 33.157, 505. 68 10,718, .153. 53 28, 226, 533.81 29,963, 165.46 3, 912, 015. 62 51, 797, 530.03 28,685, 111.08 5, 315, 712.19 32,936, 876. 53 30, 521,979.44 7,801, 99,(). 09 12,118, 105.15 39,186, 284. 74 338, 012. 641 .33, 642, 010.85 36,742, 829.62 11,158, 450.71 30, 490, 408.71 36,194, 274.81 7, 536, 349.491 27, 632. 282.90 38, 261,959,65 371, 100.04 60, 520, 851.74 33, 079,276.43 5, 600, 067.65 60,655, 143.19 29,416, 612.45 13, 036, 922.54 56, 386, 422.74 32, 827,082.69 12, 804, 478.54 44, 604, 718. 26| 35, 871,753.31 3, 656, 335.14 48, 476, 104.31 40.158, 355. 25 654, 912.71 46,712, 608.83 43, 338.860. 02 2,152, 293.05 54, 577, 061.74 50,26i; 901, 09 6, 412, 574.01 75,473, 170.75 48,591, 073.41 17,556, 896.95 66,164, 775.96 47,777, 672.13 6, 662, 065.86 72,726, 341. 57] 49,108, 229. 80 3,614, 618.66 71, 274, 587. 37 46, 802,855. 00 3,276, 606.05 82,062, 186.74 35,113, 334. 22 . 7,505, 250.82 83, 678, 642.92| 33,193, 248.60 14, 685, 043.15 77, 055, 125.65 32, 979,530.78 15, 854, 250.00 85, 387, 313.08 30, 963,857.83 18, 737, loo. 00 96,097, 322.09| 565, 667, 563. 74 46,965, 304. 87 181,081, 635. 07 899,815, 911.25 36, 523,046.13 430, 572, 014. 0S| 1,295,541 , 114.86|134,433, 738.44 132 REPORT ON THE FINANCES. TABLE L.—STATEMENT War. Year. 1865 1866 : .... OF THE E X P E N D I T U R E S Navy. Indians. Pensions. OF THE UNITED Miscellaneous. $1, 030, 690, 400.'06 $122, 617, 434. 07 $5, 059, 360. 71 $16, 347, 621. 34 $42, 989. 383.10 283,154, 676. 06 4.3. 2fi.'i. 662. 00 3, 295,729. 32 15, 605, 549. 88 40, 613,114.17 3,568, 638, 312. 28 717, 551, 816. 39 103, 369, 211.42 119, 607, 656. 01 643, 604, 554. 33 J 77, 992.17 ^ .'53,286.61 ' 3, 621, 780. 07 '9,737.87 '718,769.52 . 1867 1868 1869 1870 1871 1872 1873 ... 18741875 1876 1877 1878 1879 1880 I88I 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898.... 1899 1900 1901 . . .. . Total 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. 61 20, 000, 757.97 57, 655, 675.40 23,780,229.87 35,799, 991.82 19, 431, 027.21 35, 372,157. 20 21, 249, 809.99 46 323 138 31 9,:-^ .P.'^.fi P.-iifi 7 Q 42,313 927.22 30. 932. .587.42 21,497, 626.27 41,120, 645.98 38, 070, 888. 64 18, 963, 309. 82 37,082, 735. 90 14, 959, 935. 36 17, 365, 301.37 32,154,147.85 ^ 40, 425, 660. 73 15,125,126. 84 38,116, 916. 22 15, 536, 984.74 40, 466, 460. 55 15, 686, 671. 66 43, 570, 494.19 15,032, 046. 26 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 38, 561, 025. 85 15,141,126. 80 38, 522, 436.11 16,926, 437. 65 44, 435, 270.85 21,378,809.31 44, 582, 838. 08 22,006, 206. 24 48, 720, 065. 01 26,113, 896. 46 46,895, 456. 30 29,174,138. 98 30,136,084.43 49, 641,773.47 54, 567, 929. 85 31, 701, 293. 79 51, 804, 759.13 28, 797, 795.73 27,147, 732. 38 50, 830, 920.89 34,561, 546.29 48, 950, 267.89 58,823, 984. 80 91,992,000.29 229, 841, 254.47 63, 942,104.25 134, 774, 767. 78 55, 953, 077.72 144, 615, 697. 20 60. .f)06. 978. 47 103,422,498. 03 119, 617, 393. 88 4, 642,531. 77 20, 936, 551.71 23, 782, 386. 78 4,100, 682,32 7, 042, 923.06 28,476, 621. 78 3, 407, 938.15 28, 340, 202.17 34, 443, 894.88 7,426, 997.44 7, 061, 728.82 28, 533, 402.76 7, 951, 704. 88 29, 359, 426. 86 6, 692,462.09 29, 038,414.66 8, 384, 656. 82 29,456, 216.22 5, 966, 558.17 28, 257, 395. 69 5, 277, 007.22 27,963, 752. 27 4, 629, 280. 28 27,137, 019.08 35,121, 482. 39 5, 206,109.08 56, 777,174.44 5, 945,457.09 50, 059, 279. 62 6,514,161.09 9,736, 747.40 61, 345,193. 95 7,362, 590. 34 66, 012, 573. 64 6, 475, 999. 29 55, 429, 228. 06 6, 552, 494. 63 56,102, 267.49 6, 099,158.17 63,404, 864. 03 6,194, 522. 69 75, 029,101. 79 6, 249, 307. 87 80, 288, 508. 77 87,624. 779.11 6,892. 207.78 6, 708, 046. 67 106, 936, 855. 07 8,527,469. 01 124, 415, 951. 40 11,150, 577. 67 134, 583, 052.79 13, 345, 347.27 159, 357, 557. 87 10, 293, 481. 52 141,177,284. 96 9, 939,754.21 141, 395, 228.87 12,165, 528.28 ' 139,434, 000. 98 IS, 016, 802.46 141, 053,164.63 10,994,667,70 147, 452, 368. 61 12,805,711,14 139, 394, 929. 07 10,175,106, 76 140, 877. 316.02 10, 896, 073, 35 139, 323, 621,99 644, 323, 323. 85 51,110, 223.72 53, 009, 867. 67 56, 474, 061. 53 53, 237, 461. 56 60,481, 916. 23 60, 984, 757.42 73, 328,110. 06 85,141, 593. 61 71, 070, 702. 98 73, 599, 661. 04 58, 926, 532.53 58,177, 703.57 63.741, 555.49 54,713, 529.76 64, 416, 324. 71 57, 219, 750. 98 68, 678, 022. 21 70, 920, 433. 70 87, 494, 258.38 74,166, 929. 85 85, 264, 825. 59 72, 952, 260. 80 80, 664, 064. 26 81, 403, 256. 49 110, 048,167.49 99, 841, 988. 61 103, 732,799. 27 101, 943, 884. 07 93, 279, 730.14 87, 216, 234. 62 90, 401, 267. 82 96, 520, 505.17 119,191,255.90 105,773,190.16 122,282, 003.10 5, 681,778,167. 89 1,628, 343, 213. 21 379, 254, 290.522,797, 938, 464. 29 3, 388, 732,154.34 1 ' Outstanding The NOTE. -This statement is made from warrants paid by the Treasurer up to J u n e 30, 1866. 133 SECRETARY OE T H E TREASURY. STATES FROM M A R C H 4, 1789, TO J U N E 30, 1901, ETC.—Continued. Y e a r . N e t o r d i n a r y ex- P r e m i u m s . penditures. 1865 $1, 217, 704,199.28 $1, 717, 900.11 385,954,73L43 58,476. 51 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 1802 1893 1894 1895 1890 1897 1898 1899 1900 190] Interest. Public debt. G r o s s 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 $35,933,657.89 133, 067, 624.91 620, 263, 249,10 1,139, 344,081. 95 165, 301, 654.76 5,1.52,771, 550.43 <7, 611,003. 56 14,481,566.24 502, 689, 519.27 2, 374,677,103.12 8, 037, 749,176.38 •1100. 31 154, 484, 555. 03 1 4, 484, 555. 03 ^ 2, 888. 48 5,157, 253,116. 7, 611, 003. 56 202, 947, 733. 10,813, 349. 229, 915, 088. 11 7, 001,151.041 190, 496, 354. 951 1, 6,74, 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 «I80, 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. 53 169, 090, 062. 25 2, 795, 320.42 177, 142, 897. 63 1, 061, 248. 78 186, 904, 232. 78 206, 248, 006. 29 189. 547, 865. 85 208, 840, 678. 64 191, 902,992. 53 - 220, 190, 602. 72 214, 938, 951. 20, 8,270,812.461 240, 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. 3.5. 356, 213, 562. 339, 683, 874. 325, 217, 268. 316, 794,417. 327, 983, 049. 405, 783, 526. 565, 175, 254. 447, 553, 458. 33,147, 054.81 477, 624, 374. 114, 649, 572.95 502, 692, 407. 75 143,781, 591.9l| 140, 424, 045.71 130,694, 242. 80| 129,235, 498. 00 125,576, 565.93 117,357, 839.72 104,750, 688.44 107,119, 815. 21 103, 093, 544. 57 100, 243, 271. 231 97,124, 511. 58| 102, 500, 874. 65 105, 327, 949. 00 95, 757, 575.11 82,508, 741.18| 71, 077, 206, 79; 59,160, 131.25 54, 578, 378, 48| 51, 386, 256.47 50, 580, 145,9 47, 741, 577,25 44, 715, 007,47 41, 001, 484.29| 36, 099, 284,05 37, 547, 135. 37 23, 378, 116. 23 27, 264, 392.18| 27,841, 405. 64 SO, 978, 030.21 35, 385, 028. 93 37,791, 110. 37, 585, 056. 23| 39,896, 925. 02 40,160, 333. 27 32,342, 979. 04 , 374, 677, 203.43 8,042, 233,731.41 160, 817, 099. 73 735, 536, 980.11 1,093,079, 655.27 198,076,537.09 692, 549, 685. 88 1,069, 889,970. 74 158, 936, 082, 87 584,777, 996.11 183,781, 985,76 261, 912, 718. 31 702, 907,842. 88 177, 604,116. 51 393, 254, 282.13 691, 680,858, 90 138, 019,122.15 399, 503, 670, 65 682,525,270, 21 134, 666, 001. 85 405,007, 307. 54 524, 044,597, 91 159, 293, 673. 41 233, 699, 352. 58 724, 698,933. 99 178, 835, 339. 54 422,065, 060. 23 682, 000,885. 32 172, 804, 061. 32 407, 377, 492.48 714,446,357.39 149,909, 377. 21 449, 345, 272. 80 565, 299,898. 91 214,887, 645. 88 323, 965, 424.05 590, 641,271.70 286, 591,453, 88 353, 676, 944. 90 966, 393,692. 69 586, 832,588. 65 699, 445, 809.16 700, 233,238.19 231,940,064.44 432, 590, 280. 41 425, 865,222. 64 280, 607, 668. 37 165,152, 335. 05 271, 646, 299. 55| 529, 627,739.12 275, 450, 903. 53 855,491, 967. 50 374,189, 081. 98 590, 083, 829. 96 504, 646,934.83 424, 941,403. 07 260, 520, 690.50 471, 987,288. 54 521,794, 026.26 211,760, 353. 43 447, 699,847.86 526, 848,755.46 205,216, 709. 36 539,833,501.12 512, 851, 454.56 271, 901, 321.15 517, 685,059.18 659,449, 099.94 249,760, 258. 05 618, 211,390. 60 673, 399,118.18 318, 922, 412. 35 630, 247,078.16 691, 527,403.76 312, 206, 367. 50 731,126,376.22 726, 222, 332. 60 365, 352, 470. 87 684, 019,289.56 778, 604,339, 28 338, 995, 958. 98 389, 530, 044.50' 773,007,998. 99 738, 467, 555,07 698,908,552.78 763, 565, 540, 75 331,383, 272.95I 710,472, 157. 22 773, 610, 008, 76 354,276, 858. 93 748, 369,469.43 846, 093,349, 62 396,190, 023. 35 718. 955,037.07 864,790,237,71 353,180, 877.50 384, 219, 542. ool 827, 588,124.80 775, 751, 368. II 946,222, 148. 83 867,980,559.46 341,149, 968.98 886, 443,117.77 365,582, 271. 25 1,059,356,349.58 737,237, 212,620, 767. 78 693. 881,128,762,603,23 13, 876,046,290.25 173,494,641.43 3, 014,699,147.41 15,274,260,118,65 32, 338, 500,197. 72 warrants. o u t s t a n d i n g w a r r a u t s a r e t h e n a d d e d , a n d t h e s t a t e m e n t i s b y w a r r a n t s issued from t h a t d a t e . 134 REPORT ON T H E FINANCES. 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 THE U N I T E D STATES FROM 1860 TO 1901, I N C L U S I V E , W I T H AMOUNT OF CIRCULATION P E R CAPITA. Year, 1860 1861 1862 1863 1864 3865 1866 1867 1868 1869 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 Coin, includ- United States ing bullion in notes and Total money. "Treasury. bank notes. 102, 477 $253, 000, 000 $207,102, 477 452, 005,767 250, 000, 000 202, 005, 767 452, 079 000,000 333,452, 079 358, 25, 25, 000, 000 649, 867, 283 674, 867, 283 588,067 000, 000 680,588, 067 25, 705, 745,129, 755 770; 129, 755 25, 000,000 25, 000, 000 729,327, 254 754, 327, 254 25, 000, 000 703, 200, 612 728, 200, 612 000, 000 716, 553,578 25, • 691, 553, 578 25, 000, 000 690, 351,180 715, 351,180 000, 000 697,868, 461 25, 722, 868,461 741, 812,174 25, 000, 000 716, 812,174 737,721,565 762, 721, 565 25, 000,000 774, 445, 610 25, 000, 000 749, 445, 610 000, 000 781, 024, 781 806, 024. 781 25, 798, 273,509 25, 000, 000 773, 273, 509 418, 734 738, 264, 550 52, 790, 683,284 053, 847 65, 837, 506 697, 216, 341 . 763, 102, 047, 907 687, 743. 069 789, 790, 970 676,372,713 1, 033,640, 891 357, 268,178 494, 363, 884 691,186,445 1,185, 550, 327 701, 723, 691 1,349, 592, 373 647, 868,682 974, 839 705, 423, 050 1,409, 397,889 703, 769, 740, 048 702, 754, 297 I, 472,494, 345 068, 939 686,180, 899 , 1,487,249, 838 803, 872, 175, 823 665, 257, 727 1, 537,433, 550 027, 304 658,380,470 903, 1, 561,407, 774 625, 898, 804 3,633, 412,705 1,007, 513,901 391,690 599, 049, 3S7 1, 691,441, 027 1, 092, 558, 059, 979 1, 658,672, 413 3,100, 612,434 471, 638 .552,651,791 1,152, 1,685, 123,429 956, 637 564, 837, 407 1, 677,794, 044 1,112, 142, 260 621, 076, 957 1, 752,219,197 1,131, 808, 472 223, 357 672, 585,115 I, 066,958,741 I, 738, 706,120, 220 1, 805,078, 961 1,098, 899,106 359, 557 704,460,451 1,114, 610,190 1,819, 702, 364, 843 1, 799,975, 033 1,097, 780,289 996, 619 692, 216, 330 1.213, 785, 969 1, 905,574,442 I, 397,543, 738 675,788, 473 2, 073,093, 905 1, 508,352, 213 681, 550,167 2,190, 700, 673 1, 607,861, 774 732, 348, 460 2, 359,147, 292 748, 285, 518 2,483, 1, 734, Coin, bullion, and paper money in Circulation. Treasu'ry, as assets. Population. $6, 695, 225 $435, 407, 252 31, 443, 321 3, 600, 000 448, 405, 767 32, 064, 000 23, 754, 335 334, 697,744 32, 704,000 79, 473, 245 595, 394, 038 33, 365, 000 35, 946, 589 669, 641,478 34, 046, 000 55,426, 760 714, 702, 995 34, 748, 000 80, 839, 010 673, 488,244 35, 469, 000 661, 992, 069 36,211, 000 66, 208,543 36,449, 917 680,103, 661 36, 973, 000 50, 898, 289 664, 452,891 37, 756, OOQ 47, 655, 667 675, 212, 794 38, 558, 371 715,889,005 39, 555,000 25,923,169 24,412, 016 738, 309, 549 40,596, 000 751, 881, 809 41, 677, 000 22, 563,801 29,941, 750 776,083,031 42, 796, 000 754,101, 947 43, 951, 000 44,171,562 63, 073, 896 727, 609, 388 45,137,000 722, 314, 883 46, 353,000 40,738,964 60, 658, 342 729,132, 634 47, 598, 000 215, 009, 098 818, 631, 793 48, 866, 000 973, 582, 228 50,155, 783 212.168.099 235, 354, 254 1,114, 258,119 51, 316, 000 235,107, 470 1.174, 290, 419 52,495, 000 242,188, 649 1, 230, 305, 696 53, 693, 000 243, 323, 869 1, 243, 925,969 54, 911, 000 244, 864, 935 1, 292, 568, 615 56,148, 000 308,707, 249 1, 252, 700, 525 57,404,000 315, 873, 562 1, 317, 539,143 58, 680, 000 319, 270,157 1, 372,170, 870 59, 974,000 278, 310,764 1, 380, 361, 649 61, 289, 000 255, 872,159 1, 429, 251, 270 62, 622; 250 .180, 353, 337 1, 497, 440,707 63,947,000 150,872,010 1, 601, 347,187 65,191,000 142,107, 227 1, 596, 701, 245 66,456, 000 144,270, 253 1,660,808,708 67, 740, 000 217,391, 084 1, 601, 968, 473 69, 043,000 293, 540, 067 I, 506,434, 966 •70, 365, 000 265.787.100 1, 640, 209, 519 71, 704,000 235, 714, 547 1, 837, 859, 895 73,060, 000 286, 022, 024 1, 904, 071,881 74, 433, 000 284,549, 675 2, 055,150, 998 76,295, 220 307, 760, 015 2.175, 387, 277 77,754,000 Circulation per capita. $13. 85 13.98 10.23 17.84 19.67 20.57 18.99 18.28 18.39 17.60 17.50 18.10 38.19 18.04 18.13 17.16 16.12 15. 58 35.32 16.75 19.41 21.71 22.37 22. 91 22.65 23.02 2L82 22.45 22.88 22.52 22.82 23.42 24.56 24.03 24.52 23.20 21.41 22.87 25.15 25.58 26.94 27.98 NOTE 1.—Specie payments were suspeuded from Jauuary 1,1862, to January 1, 1879. During the . greater part of that period gold and silver coins were not iu circulation except ou the Pacific coast, where, it is estimated, the specie circulation was generally about $25,000,000. This estimated amount is the only coin included in the above stateraent from 1862 to 1875, inclusive. . NOTE 2.—In 1876 subsidiary silver again carae into use, and is included in this statement, beginning with that year. NOTE 3.—The coinage of standard silver dollars began in 1878, under the act of February 28, 1878, NOTE 4,—Specie payraents were resumed January 1,1879, and all gold and silver coins, as well as gold and silver bullion in the Treasury, are included in this statement from and after that date. NOTE 5.—Currency certiticates, act of June 8,1872, are included in the araount of United States notes in circulation' iu the tables for the years 1873 to 1891, inclusive; since 1891 they are reported separately. NOTE 6.—For rederaption of outstanding certificates an exact equivalent in araount of the appropriate kinds of raoney is held in the Treasury, and is not included in the account of money held as assets of the Governnient. NOTE 7.—This table represents the circulation of the United States as shown by the revised statements of the Treasury Department for June 30 of each of the years specified. NOTE 8.—The details of the foregoing table, showing the amount of each kind of money in circulation each year since 1860, are omitted, but they may be had upon application to the Secretary of the Treasury, Division of Loans and Curreucy, w'here a circular covering information on the subject has been prepared for distribution. 135 SECRETARY OF T H E TREASURY. T A B L E N . — S T A T E M E N T 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 B Y T H E O F F I C E O F T H E SECRETARY OF T H E TREASURY FROM NovErBER 1, 1900, TO OCTOBER 31, 1901. Title of loan. Eeceived Eeceived for exredemp |change and for tion. transfer. Bonds issued to Pacific railroads (acts of J n l y 1, 1862, and July 2,1864) $1,000 Five-twenties of 1862 (act of Feb. 25,1862) 100 Consols of 1867 (act of Mar. 3,1865) ' 11,350 Consolsof 1868 (actof Mar.3,1865) 100 Sixes of 1881, 6 per cent (acts of July 17 and Aug. 5, 1861) , : 14, 000 Sixes of 1881,6 per cent (act of Mar. 3,1863) 4,000 Funded loan of 1891,4^ per cent (acts of July 14,1870, and J an. 20,1871) 8, 750 2, 046, 900 Funded loan of 1891, continued at 2 per cent 1, 740, 000 Certificates of deposit (act of June 8,1872) Gold certificates, series of 1875 (act of Mar. 3,1865).. 5,400 Gold certificates, series of 1870 and 1871 (act of Mar. 5,1863) 5,600 1, 905, 000 Gold certificates, series of 1888 (act of July 12,1882). 38, 080, 000 Gold certificates, series of 1900 (act of Mar-14,1900). Funded loan of 1907,4 per cent (acts of July 14,1870, $18,456,900 23,087,500 aud Jan. 20,1871) 3,109,500 1,912, 950 Loan of 1904,5 per cent (act of Jan. 14,1875) 29,199, 700 13, 757,700 Loan of 1925,4 per cent (act of Jan. 14,1875) 12,112,740 1,719,840 Loan of 1908-1918,3 per cent (act of J u n e 13,1898) 91,941,300 Consols of 1930, 2 per cent (act of Mar. 14,1900) Issued. Total transactions. $1,000 100 11, 350 IOO 14, 000 4,000 8,750 2,046, 900 1,740, 000 5,400 1$55, 530,000 5,600 1,905,000 93, 610, 000 18,458, 600 60, 003,000 3,109,500 8,131,950 29,199,700 72,157, IOO 12,112,740 25, 945, 320 91, 941,300 183,882,600 REFUNDING O P E R A T I O N S . Loan of 1908, surrendered Funded loan of 1907, surren dered Loan of 1904, surrendered Con.sols of 1930,2 per cent (act of Mar. 14,1900). Total 20, 683,100 66,158, 750 13,568,150 20,683,100 66,158,750 13,568,150 100,410,000 100,410,000 154,820,140 184,710,190 310,761,840 650,292,170 136 REPORT ON T H E FINANOES. TABLE 0.—STATEMENT 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 I N T E R N A L R E V E N U E IN THE S E V E R A L C O L L E C T I O N D I S T R I C T S D U R I N G T H E F I S C A L Y E A R E N D E D J U N E 30, 1901. Collection districts. Alabama Arkansas First California Fourth California Colorado Connecticut Florida Georgia Hawaii First Illinois Fifthlllinois Eighth Illinois -. Thirteenth Illinois Sixth Indiana Seventh Indiana Third Iowa Fourth Iowa Kansas Second Iventucky Fifth Kentucky Sixth Kentucky Seventh Kentucky Eighth Kentucky Louisiana Maryland Massachusetts First Michigan Fourth Michigan Minnesota First Missouri Sixth Missouri Montana Nebraska New Hampshire First New Jersey Fifth New Jersey New Mexico First New York Second New York Third New^York Fourteenth New York Twenty-first New York Twenty-eighth New York. i. Fourth North Carolina Fifth North Carolina First Ohio Tenth Ohio Eleventh Ohio Eighteenth Ohio Oregon First Pennsylvania Ninth Pennsylvania Twelfth Pennsylvania Twenty-third Pennsylvania. South Carolina Second Tennessee Fifth Tennessee Third Texas Fourth Texas Second Virginia Sixth Virginia West Yirginia First Wisconsin Second Wisconsin Total Aggregate receipts, a $573, 254.71 265, 999. 63 4,025, 161. 62 555, 31.7. 03 I, 240,^28. 21 3, 099,988.95 804, 708. 08 924, 379.17 102, 182. 63 13, 334,563.87 30, 296,762. 94 10, 645,246.85 1,130, 451. 22 6, 571,616.17 16,895, 266.20 344.53 029. 34 1, 009,939. 70 1, 857,656. 40 13,829, 670, 39 5, 667,870. 78 3,114,977.72 2, 711,130.57 2, 399,981,28 b 9, 630,133.59 7,541, 852.41 3,265, 764. 38 1, 034,495. 56 2, 667,966.12 15, 672,473.02 1, 893,375.91 755, 673.70 3,407, 808. 90 1, 201,556.43 702, 085.41 9, 019,537.14 120, 308, 27 6, 838,007. 37 17, 739, 116.81 12, Oil,793.17 6,621, 829. 43 2, 305,872. 48 4, 273,079. 03 3, 524,146.11 3, 600,603. 25 15,482, 222.34 1, 870,6:^4. II 2, 019,868.58 3, 057,189.53 1, 223,013.18 10, 544,953,05 3, 765,596.84 1, 910,537, 64 9,845, 872, 22 310, 590, 57 577, 036, 04 1,829, 144, 50 1, 079,243, 93 602, 180,67 3, 903,776, 97 1,719, 231.56 1,631, 576. 81 9, 598,391. 65 1,211, 302.95 806,871,669.42 Expenses. Average number Cost to of persons em- collect $1. ployed. $38, 656.91 35, 5S9. 21 94, 043.30 35, 671.42 29,978.75 44,174.40 24, 220. 90 83, 444.71 32,445.24 94,988.02 124, 807. 66 70, 939. 94 23,543. 66 73, 693. 56 83, 870.16 18, 347. 38 23,364.42 23, 869,43 89,354. 38 278, 801.64 98, 645.36 131, 587, 45 112, 078.10 40,156.55 149,164.34 78,172.19' 30, 868. 49 17,867. 98 38,657. 21 70,427.81 53,681.27 27, 037.11 52, 312. 62 24, 956. 86 17, 297.88 42, 529.14 12, 484.11 59,901.t)l 83,721. 21 66, 852. 88 47, 604.23 36, 248. 94 49, 674. 79 121,923. 90 189,077.68 161,498.21 35, 646. 21 31, 737. 26 43, 370,8t 41, 774.74 99, 861. 87 67,439.79 36,450. 37 149, 066.49 54, 450.19 39, 501. II 64, 002. 93 23, 490.12 24,539. 22 43,801. 57 97, 039. 86 39, 613.91 63, 971.72 23,491, 98 4, 097,232.65 1,462 a Based on reports of collectors. & Includes $680,487.64, receipts from tax on money orders for third and fourth quarters of the fiscal year ended J u n e 30, 1900, and first and second quarters of the fiscal year ended June 30, 1901, turned over by the Postmaster-General to the district of Maryland. The cost to collect in that district is based upon the total receipts of the same, less tax on money orders, for which no expense to collect was incurred. SECRETARY OF THE TREASURY. 137 NOTE.—The foregoing stateraent of expenses does not include salaries and expenses of internalrevenue agents, salaries of the ofiicers and clerks in the oflice of the Commissioner of Internal Eevenue, 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 $4,097,232.65 Expenses not included in above Total expeness for fiscal year ended June SO. 1901 Cost to collect $1 , 651,987.79 4,749,220.44 $0.0155 T A B L E P . — S T A T E M E N T O P 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, I Vessels e n t e r e d . V e s s e l s cleared. Districts and ports. Foreign. A l a s k a (Sitka), A l a s k a Albany, N. Y A l b e m a r l e ( E d e n t o n ) . NT. C . 314 Coastwise. . 468 Foreign. 278 493 A n n a n o l i s IVrd Analachicola F l a . . . .... Coastwise. 445 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 B r a z o s (BroAvnsville), T e x . Bristol and W a r r e n , E . I Bufialo C r e e k (Bufi'alo), N . T . Burlino"ton ( T r e n t o n ) N J C a i r o 111 .. ... Cape Viucent, N. Y Castine Me Champlain (Plattsburg), N. Y . (yharleston S C Cherrystone (Cape Charles City) V a C h i c a g o 111 C i n c i n n a t i Ohio C o l u m b u s Ohio . . Corpus Christi, T e x C o u n c i l Blufl^s. I o w a C u y a h o g a (Cleveland), O h i o . . Delaware (Wilmington), Del. D e n v e r , Colo 2,879 1, 252 .18 20 59 52 880 14 15 215 1,522 23 14 60 922 28 12 10 2,209 5 4 IS 9 42 l' 13 12 52 6 1 1, 691 I, 061 13 1,611 1,158 2 44,652 490 2 256 " " " 5 i 8 ' 3,543 1,467 2 272 1,471 '"'hih' S,6S2 5 10 17,878 612 4 1,214 88 2,204 69 20,052 166 1,544 15 1,298 81 581 9 4i2' 1,532 22 1,256 38 186 8,506 324 8,460 665 81 6,485 19 924 79 6,521 15 142 266 162 107 429 101 1 16 1,825 1, 52798 11,499 "i,'5S4" 149 7,665 431 58 272 255 214 32 6 186 54 76 Aroostook (Houlton) M e . . Baltimore, M d Bangor, Me DocuEntries ments of m e r - i s s u e d D u tni ae gs ea nt adx ton. chandise. to vessels. 974 1 413 34 203 445 35 41 33 121 282 474 247 25 704 393 SO, 961 117 5,253 509 22" 1,509 67 2, 497 " " ' 5 4 2 ' 213 75 799 Aggregate receipts. $92, 029. 47 151,997.71 2,676.84 219,706. 51 37,422; 81 13, 502,27 2,972,845.55 220, 810. SO 577. 65 15,709. 07 2.22 952. S4 1, 051.11 10.00 3, 221. 39 220,258. 56 40,475.46 16,148.43 3, 020,653. 92 221,992. 01 550.83 13,887.50 4.12. 1, 221. 85 1,272.08 oo Expenses. Foreign. $516, 214 107 Domestic. $2,018,104 49, sie 365,782 3, 043,867 77, 689 40,318 1.06,161,392 4,130,664 3,850 129,639 6,265 20,123,155.62 4, 459. 06 80.17 1,257. 48 14,744. 35 663,300.21 17. 62 14.85 802,346 22, 654 142,905,886' 163,151 85, 364 7, 952, 637 13, 895,787 29,749. 51 1, 056. 07 499, 278.48 40, 749.58 29, 880. 63 1,179.15 500,857. 59 42, 201. 75 3.75 13, 946 8, S15, 848.97 802,012. 90 58, 946.30 76,582.43 • 13,262.15 747,560. 38 12,446.23 94,730. 87 8, 327, 635; 42 804,215.78 59,022. 35 82,969.13 13, 262.15 750,160.15 12, 998. 56 96, 515. 03 578.54 12, 554.10 659,446. 01 CO V a l u e of e x p o r t s . $83,400.10 151, 364. 51 20, 027, 658.68 2, 847.46 1001. 573,435 336,590 37, 804 7,140,793 7, 084, 215 528, 907 9, 501, 302' 77, 248 6, 567,771 1,757 3,880, 284 4, 679,370 Average n u m b e r Cost t o of per- collect s o n s em$1. ployed. $58, 245. 89 13,187.68 1, 580. 50 1,445.35 1, 248.75 4, 241.22 28,190. 80 16,820,58 2, 614, 50 264,220.63 16, 375.39 4, 221.18 9, 551.16 1,494.54 3,881.41 . 2,803,28 37 8 2 2 2 4 21 14 2 187 13 8 9 2 5 6 $0. 633 ^087 682, 501.54 30, 062.84 1,489. 65 120.05 7,447. 52 55,452.33 361,45 162.00 350.00 14, 890.34 4, 242. 61 37, 948. 96 12, 698. 04 385. 00 556 .034 26 6.742 6 18.581 2 .095 5 .505 40 .084 1 20.514 2 10.909 1 13 .498 6 3.598 32 .076 12 .501 2 ' 102,667 985. 99 167,159. 23 34, 534, 74 5. 260,76 321501.88 262. 00 32,316. 30 8, 285, 57 6,598. 08 3 123 23 3 25 2 24 11 6 124.875 1.317 .128 .416 ,162 .087 .074 7.663 .688 362.752 3.177 2.204 .020 ,043 .089 .392 .020 .043 .637 .068 o n o w M o r/2 Des .Moines, Iowa 1,660 2.605 Detroit, Mich Dubuque, Iowa 2,700 ""'276 Duluth, Minn 111 Dunkirk, N . Y Eastern (Crisfield), Md Edgartown, Mass Erie, P a Evansville, Ind 43 1,408 Fairfield (Bridgeport), Conn.. 742 23 Fall Eiver, Mass. 203 87 Fernandina, Fla Frenchmans B a y ( E l l s 24 worth), Me Galena, 111 , '343 260 Galveston, Tex 157 Genesee (Eochester), N. Y . . . 499 Georgetown, D.C , 60 Georgetown. S.C 41 Gloucester, Mass Grand Eapids, Mich Great Egg Harbor (Soraers Point),N.J..: 270 Hartford, Conn 237 475 Hawaii 6 125 Humboldt (Eureka), C a l . . . . . . Huron (Fort Huron), Mich... 1,456 1,948 Indianapolis, Ind Kansas City, Mo ^ .. 6 Kennebunk, Me 582 Key West, Fla 200 Knoxville, Tenn Eacrosse, Wis Lincoln, Nebr , Little Egg Harbor (Tuckerton), N . J 200 Los Angeles, Cal Louisville, Ky "'ii Machias, Me Marblehead, Mass Memphis, Tenn Memphremagog (Newport), 267 Vt 184 Miarai (Toledo), Ohio Michigan (Grand H a v e n ) , ' 80 9,052 Mich 65 14,148 Milwaukee, Wis 347 Minnesota (St.Paul), Minn .. 775 Mobile, Ala 66 M o n t a n a a n d I d a h o (Great Palls), M o n t 1,615 ""'226 2,691 2,798 108 16 788 118 18, 254 202 978 17 258 103 445 38 10 26 21 115 CSO 647 180 406 997 1 1 95 207 156 1 75 39 698 1,480 1.087 2 132 17 1,309 264 571 31 1,989 1.223 4,958 2 6,098 701 2, 348 6 3,158 13 14 7 558 768 595 SO 621 7 761 39 87 523 395 142 94 228 6 212 21 104 37 626 120 111 229 58 393 11 13 240 23, 071.99 I, IOO, 856.85 32,846. 60 29,448.81 2,448.17 331. 06 83, 385. 47 45,244.14 149,277.26 8, 523, 93 4, 530,19 94, 98 187, 766.57 291, 975, 34 93, 729. 29 5,135. 03 64, 556. 55 12. 20 214,814.68 1,204,387.46 343. 87 240, 435. 35 173,172. 6S 286, 768. 73 371,157. 62. 1, 651. 52 9,034.15 682 1,235 26 17 179 268 161 36 60 341 754 29 42 62 287 " 64 133 20, 034 2,160 9,103 14,146 14 2,269 2,736 721 1,203 489 428 33 245 23,370.91 1,103, 894. 84 32,857. 60 55,147. 71 2, 457. 21 9.70 478.45 84, 448. 44 45, 267. 94 149, 547. 55 8, 641.88 5, 531. 54 87, 559 230 17, 581. 976 . 2, 268, 308 29,744 534.02 196, 637. 78 293, 544. 66 94, 752. 39 2.90 7,137. 76 64, 570. 26 15.60 216, 316. 24 1,219,338.79 198. 87 246,170.12 173,830.96 289,122. 60 - 20. 50 386, 355.13 1, 652. 22 62. 35 9,034.15 242,208,51 284,783, 95 397. 31 2, 334. 57 44,170. 30 242. 799. 80 284,918.70 874. 26 2, 454. 73 44, 222.12 284, 769.79 125, 684.13 287,896. 29 126, 844. 54 2,481.01 419, 234. 67 624,3 32.80 47, 646. 68 2, 561. 30 420,778. 52 627, 560.08 54,583. 62 55.275.89 57, 487. 54 25, 553 16, 358 516,280 101,831,747 1, 280, 445 2,679 103, 853 163,682 ,610,1.36 '272," oie" """8,"306" 1, 063, 820 175 9,519 , 024, 959 1, 653, 745 391,648 67,065 1,782 1,712 14,441 173,050 11, 822, 664 181,100 809. 07 73,891. 95 429.00 13, 043. 97 1.242. 74 3,120. 61 2,319. 86 6,337.42 4,512.67 9,388.79 4, 020. 49 3, 207. 91 2 .035 .067 61 .013 2 .394 11 .506 2 2 321.712 4.849 4 .075 4 .100 2 .063 6 .465 4 .602 4 a SOS. 9.^ . 5 351. 65 46,544.14 17,893.19 12, 873. 25 453. 31 14, 901. 81 4, 692. 36 1 35 14 8 .237 .061 .136 , 2 156.314 2. 088 12 .073 2 628.90 10. 746.55 84, 222. 40 3, 027.15 53, 707. 58 10, 598. 60 16, 606. 33 22.30 30, 929. 00 505.33 312. 92 1, 831. 74 2 5 65 2 52 6 9 1 24 1 2 2 40. 314 .050 .069 15.222 .218 .061 .057 L088 .080 .306 5.019 .203 333. 20 15,725.38 15, 581. 05 3,808. 92 2,197. 22 5.243. 65 2 12 9 5 3 4 .065 .055 4.357 • .895 .119 43, 541.74 8, 545.98 38 6 .151 .067 8, 613. 60 18, 354.58 40,160. 75 18,114.58 14 20 27 15 3.363 .044 .064 .332 23,393.32 18 .407 10.757 o Kl o hd w t?d w d K; CO <:0 • 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 Y E A R E N D E D J U N E 30, 1901—Continued. Vessels entered. V e s s e l s c l e a r e d . Districts aud ports. Nantucket, Mass Nashville, Tenn Natchez, Miss Newark, N. J New Bedford, Mass . . . . . . Newburyport, Mass New Haveu, Conn New London, Conn New Orleans, L a Newport, E . 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 aud South D a k o t a (Pembina), N. Dak , Omaha, Nebr '. Oregon (Astoria), Oreg Oswegatchie (Ogdensburg), N.Y Oswego, N . Y Paducah, K y Pamlico (Newborn), N . C P a s o del N o r t e (El Paso), T e x Passamaquoddy (Eastport), Me Patchogue, N . Y P e a r l E i v e r (Shieidsboro), Miss Pensacola, F l a P e o r i a , 111 P e r t h Amboy, N. J -. Petersburg, V a Philadelphia, P a Pittsburg, P a Plymouth, Mass P o r t Jefferson, N . Y Portland a n d F a l m o u t h (Portland), M e Porto Eico Portsmouth, N.H Providence, E . I Foreign'. Coastwise. DocuEntries ments i s s u e d [Duties a n d tonof merCoastnage t a x . to veswise. chandise, sels. Foreign. $16.00 17, 371. 05 113 82 15 109 33 5 1,241 12 205 4,451 733 255 7 357 1 689 1,549 181 32, 567,556 516,929, 035 8,688,510 $371.00 2, 622. .52 500.00 10, 992.89 5, 866.81 610. 20 8, 463. OS 4. 883, 22 231,103.53 3, 505. 85 45, 538. 65 3,092,349.31 63, 256. 99 1 2 I 6 5 2 7 5 191 4 40 2,103 51 $23.188 .151 100.000 .049 .262 59.824 .168 2.545 .035 . 097 .041 .020 .173 10 11, 355 151 5,059 443, 295 25, 535 1,031 2,166 148 64, 367.78 71, 023.82 277 10, 308, 212 13, 672.12 .019 53, 643. 35 83, 329.90 16, 488. 27 55, 025.47 84, 578. 70 17, 415, 01 35,289 567,894 6,126, 611 22, 616. 87 10, 651. 53 11, 467. 21 .411 .126 .658 H 314 2,267 682 19 188, 559.80 112, 603.68 191, 431, 04 112,867.58 31, 747 117,264 4, 640, 829 1, 975,076 .148 .130 >n 284, 131,97 915.40 291, 205. 77 95,923 4,145,975 28, 393. 96 14, 684.00 362.00 4, 682. 85 46, 291.93 5.116 .159 t> 241 367 75, 542. 29 77, 909.27 20,196 469, 202 23, 097. 29 670,15 20 2 .296 0 W 20 57 159 1,625 614 24, 790 2,050 344 211 23 589 9 1,012 196 13 73 10, 856, 63 33, 304. 94 26,719.98 108, 042. 73 2, 817, 298 IS, 455, 761 20,718,830. 59 442, 476. 58 1, 044. 45 13,136. 61 35, 885. 22 26, 724. 99 110, 315.03 2, 259. 40 20, 771, 661. 70 444,406. 88 I, 070. 45 8,* 771. 02 12, 361.97 I, 227, 71 10, 547,96 4, 364.13 503,034.14 16,745. 24 1, 423. 38 6 12 2 6 4 487 10 2 2 .628 .344 .046 .096 1.932 .024 .038 L3S0 2,697 16, 097 7 1,616 428 37 78 231 104,146. 92 1,077,199. 37 209.84 345,50L25 121, 366. 70 1, 089, 255. 09 278. 30 347, 231. 66 53,363. 95 71,971.14 3, 645. 81 19, 579.58 3S 102 . 440 .066 13.097 .056 873 4,163 142 .690 267 384 47 104 264 429 18 127 5 940 *i,'i87 115 54 3 931 8 260 496 9 43 92 5,276 475 1,125 1,314 1,773 5 781 $16. 00 17, 396.11 5.00 223, 264.33 $1,080, 870 22, 362.98 10. 20 50, 269.46 1,918,49 6,600,216,33 2, 656, 797 34,187,79 1,101, 923.41 356 154,485, 638, 62 12, 663,943 365, 681. 25 959, 730 266 8 324 7 59 2,990 682 678 341 503 3 61 Domestic. o o 117 220,781.27 133 21,270.47 33 311 48, 937.74 163 " 1,844. 54 320 6, 559,054. 63 135 34, 074.90 433 1,094,382.06 5,620 153, 643,138.10 353, 750,15 11 1,105 Expenses. Foreign. Average Oiumber C o s t t o of p e r - collect s o n s em$1. ployed. 81 35 3 7 1 1,247 5 545 3,932 719 12 1,377 1,199 1,998 78 V a l u e of e x p o r t s . Aggregate receipts. 393 1,779 238 142, 423 31, 647 87,418 1, 709, 879 215, 976 141,457 "79," 23 2,'568 12,835 12,403,958 ,775 W W M n W H 0 ^ W tej t^ (/> P u g e t Sound (Port Townsend), W a s h Eichmond, Va R o c k I s l a n d , 111 Saco, M e Sag Harbor, N. Y JSalem a n d B e v e r l y (Salem), Mass Saluria (Eagle Pass), T e x S a n D i e g o , Cal Sandusky, Ohio San Francisco, Cal Savannah, Ga St. A u g u s t i n e , F l a St. J o h n s (Jacksonville), F l a . St. Joseph, M o St. Louis, M o . St. M a r k s (Cedar K e y s ) , F l a . . St. M a r y s , G a . . . ' Sioux City, I o w a S o u t h e r n Oregon (Coos B a y ) , Oreg Springfield, M a s s Stonington, Conn Superior (Marquette), M i c h . . Syracuse, N. Y Tampa, F l a Tappahannock, Va Teche (Brashear), L a Vermont (Burlington), V t Vicksburg, Miss Waldoboro, Me Wheeling, W . V a Willamette (Portland), Oreg.. Wilmington, N. C Wiscasset, M e . .* Yaquina, Oreg York, M e Total 2,186 2 136 550 672 309 1 80 ,893 241 2,352 5 2 3 111 2,131 502 , 477 115 557 700 531 437 76 43 3 35 2,155 799 445 1 452 - 28 3,459 1,103 353 31,484 227 41 179 317 4,538 1, 281 114 169 16 464 108 24 133 1,220 178 42 122 250 50 32 10 2,113 16 7,164 13 2,039 130 258 302 168 149 I "ioe" ""i75' 138 141 'i38 "95 248 7,250 216 20 1,375 1,381 169 102 11 36,469 Amount of expenses reported by. collectors as above Expenses not included in above 126 70 72 29 86,329 24,220 1 112 7 L981 35 39 134 178 199 36 28 459 216 124 91 101 6 6 35, 205 : 517, 938. 02 32, 543. 33 29. 99 820. 74 546, 018. 55 32, 615.79 4.90 53,49 826,74 2, 581, 68 67, 078.12 139,115. 02 2, 180. 69 7,445,230.48 61, 742. 34 12, 636. 05 21,188.07 76, 740.15 1, 697, 991. 38 2.34 16. 20 18,471. 58 3. 068.52 72, 709, 24 140,710,84 2, 200. 09 7, 484, 338.86 65, 528. 75 12,975. 60 21,993.17 76, 829, 07 1,700, 780, 72 2,34 19. 37 18, 492, 02 12. 30 41,175.52 5,813. 23 30,713.15 92, 253. 22 1, 002, 249. 08 41.60 606, 611.11 1.20 3, 025. 85 1, 004. 63 539, 960. 63 7, 916. 06 343.83 17. 75 41, 290. 04 3, 934.48 31,110.45 93, 241, 37 1,007, 508.70 41.60 86.39 611,943.09 5.70 3, 693, 99 I, 080, 56 543, 839. 62 9, 053. 69 934. 08 240, 039, 826, 82 240, 359, 534.88 321, 723 20,357,106 17, 200 25,149 10, 906 6, 9.55, 567 952,108 99,100 33,915.931 46, 729, 321 680, 861 9,646 204, 670 7,784 21 6. 928 6, 946, 526 1,321,419 1,360,207 '7," 290,'939 10, 381, 732 12,013,659 775 100,52L93 4, 953. 23 1, 009. 55 476. 54 918. 65 6, 010. 42 41,408. 91 18, 962. 66 3, 667. 95 437,424.11 14,710.47 I, 940.17 4, 364. 04 5, 866. 24 49, 894. 99 826. 05 594. 27 1, 046.94 1,837.14 4,401.40 1,119.89 23, 700.36 8, 876.44 29,651.11 794. 07 2, 943. 03 63, 305,11 530.60 7, 607.45 1,918.79 57, 550. 70 7,002.67 3, 231. 74 I, 065. 25 253.37 .184 .152 206. 030 8.909 LIU 31 20 8 265 9 2 1,959 .569 .135 1.667 .058 .224 .150 .198 .076 ..029 35S, 013 30,680 .057 103.501 .107 .285 .762 .095 .029 19. 088 34, 067 .103 93.088 2.059 L776 .106 .773 3.460 GQ O o GO d 27. 302,185 1,460,462,806. 7, 398, 224. 73 $7,398, 224.73 315,194.09 Total 7,713,418.82 Cost to collect $1 0.032 The aggregate receipts and expenses stated above do not include the customs collections and expenditures in the district of Porto Eico, for the reason that under the provisions of sectipn 4 of the act of April 12, 1900, relating to Porto Eico, such collections are paid into, and such disbursements are made from, the treasury of Porto Eico. ^4i^ IPPENmX.TO THE REPOET OW TIIE FINANCES. 143 ^FPEI^DIX. EEPORTS O F H E A D S O F BUREAUS. REPORT OF THE TREASURER. TREASURY DEPARTMENT, O F F I C E OF THE TREASURER, Washington^ D . C., Novemher i , 1901. SIR: The condition of the Treasuiy was never stronger both in volume and character of assets than at the close of the past fiscal year. The transactions during that period were in variety and magnitude cof the first order. The changes in the paper currency and especially in its denominations were noteworthy and instructive, while the growth of gold in the Treasury, in circulation, and in the general stock in the coiintr}^, has been with some fluctuations steady and healthful. REVENUES AND EXPENDITURES FOR 1 9 0 0 AND 1 9 0 1 . Both in the net ordinary revenues and expenditures an increase was made in the fiscal year 1901 over the preceding twelve months in every item except pensions and interest. These are the figures side by side: Account. 1900. ' 1901. Increase. Decrease. • • REVENUES. Customs Internalrevenue Lands Miscellaneous 8233,164,871.16 295,327,926.76 2,836,882.98 35,911,170. 99 S238,585,455.99 307,180,663.77 2,965,119.65 38,954,098.12 85,420,584.83 11,852,737.01 128,236.67 3,042,927.13 Total 567,240,851.89 587,685,337.53 20,444,485. 64 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 29, Sie.'sgO. 79 5,990,282.72 18,739,784.09 58,787,190.75 3,317,900.35 5,929,954.40 144,615,697.20 60,506,978.47 10,896,073.35 139,323, 621.99 32,342,979.04 3,480,425.25 998,605.31 8,574,112.65 3,022,555.55 103,097.70 330,016.48 9,840,929.42 4,553,900.75 720,966.59 487,713,791.71 509,967,353,15 31,624,609. 70 22,253,561.44 79,527,060.18 77,717,984.38 • EXPENDITUBES. Customs Internal revenue Interior civil Treasury proper Diplomatic Judiciary War Department Navy Department Indians Pensions , Interest Total Net: . Surplus Sl,553,694.03 7,817,354.23 9,371,048.26 The receipts for 1901 are $20,444,485.64 greater than for 1900, the the next highest in our records, and of the increase $11,852,737.01, considerably more than one-half, is from internal revenue. In the expenditures the War Department leads in the advance, with $9,840,929.42; the interior civil item follows, with $8,574,112.65; th^ Navy Department, with $4,553,900.75; customs, with $3,480,425.25. The falling ofi' in' interest reaches $7,817,354.23, and in pensions, FI1901 10 145 146 REPORT ON THE FINANCES. $1,553,694.03. Both items almost equal "the additional outlay of the War Department. The net growth of expenditures for the year is $22,253,561.44. The surplus for the year is kept at $77,717,984.38, which is only $1,809,075.80 less than in 1900. The expenditures for 1901 were exceeded by those of 1863, $718,734,276.18; of 1864, $864,969,100.83; of 1865, $1,296,817,189.69", and 1866, $519,080,832.85, and also in 1899, $605,072,179.85. TRANSACTIONS RELATIVE TO THE PUBLIC DEBT. The chief transactions relative to the public debt during the past fiscal year were in connection with the consols of 1930 and with gold certificates as reported on other pages. The result was an excess of receipts of $6,357,842.22, against a like excess of $144,975,784.75 for the preceding twelve months. The details follow: Account. 1900. 1901. Increase. 8307,243,120.00 80,676,000.00 16,008,000.00 17,240,290.00 217,325,000.00 172,116,000.00 9,450,000.00 $138,819,100.00 91,680,000.00 811,004,000.00 12,882,868.50 114,570,000.00 200,852,000.00 28,736,000.00 820,058,410.00 558,803,968.50 39,740,000.00 329,912,990.00 2,418.25 80,676,000.00 33,499,280.00 17,909,793.00 23,825,640.00 162,186,504.00 27,070,000.00 174,925,620.00 2,578.78 91,680,000.00 28,244,000.00 18,626,437.50 53,409,490.00 181,853,000.00 3,705,000.00 675,082,625.25 552,446,126.28 144,975,784.75 6,357,842.22 Decrease. RECEIPTS. United States bonds United States notes • ' Treasury notes of 1890 National-bank notes Gold certificates Silver certificates . . Currencv certificates Total Net „. 8168,424,020.00 16,008,000.00 4,357,421.50 102,755,000.00 9,450,000.00 300,994,441.50 261,254,441.50 DISBURSEMENTS. United States bonds Fractional currency United States notes Treasury notes of 1890 National-bank notes Gold certificates Silver c e r t i f i c a t e s . . . . . Currency certificates Total Net : Excess of receipts 160.53 11,004,000.00 716,644.50 29,583,850.00 19,666,496.00 60,971,151.03 154,987,370.00 5,255,280.00 23,365,000.00 183,607,650.00 122,636,498.97 138,617,942.53 ORDINARY AND DEBT TRANSACTIONS COMBINED. The total receipts and disbursements are presented b}^ the combination of the" footings of the two tables already given: Account. 1900. 1901, Increase. . 8567,240,851,89 820,058,410.00 8587,685,337,53 558,803,968.50 820,444,485.64 1,387,299,26L 89 1,146,489,306.03 20,444,485.64 Decrease. RECEIPTS. Ordinary Debt Total Net 8261,254,441.50 261,254,441.50 240,809,955,86 DISBURSEMENTS. Ordinary Premium on debt Debt Total Net Excess of receipts 487,713,791.71 33,147,054.81 675,082,625.25 509,967,353.15 14,649,572.95 552,446,126.28 22,253,561.44 1,195,943,471,77 1,077,063,052.38 22,253,561.44 191,355,790,12 69,426,253.65 18,497,481,86 122,836,498,97 141,133,980.83 118,880,419.39 121,929,536.47 147 TREASURER. The smaller movements relative to the public debt reduce the footings for 1901 and show the decrease in the excess of receipts as compared with 1900 to be $121,929,536.47. REVENUES AND EXPENDITURES FOR FIRST QUARTER OF 1 9 0 1 AND OF 1902. The first quarter of 1901 and of 1902 present the comparison stated below in the ordinary revenues and expenditures as shown by warrants. With a net decrease in the revenues of $4,650,843.14, the expenditures are less by $19,641,848.72. The surplus thus shows a gain in the first quarter of the current fiscal year over the same months in 1901 of $14,991,005.58. Account. 1902, 1901. Increase, Decrease. REVENUES. Customs Internal revenue Public lands Miscellaneous 861,297,511,89 78,609,162,99 682,761.56 6,976,350.64 861,886,747.92 73,121,$30.61 912,359.24 6,994,006.17 8589,236.03 Total 147,565,787.08 142,914,943.94 836,489.24 32,156,428.87 48, 659,759.62 15,058,655.32 2,949,837.68 36,559,865.18 8,231,137,81 27,057,641,84 81,818,602,50 16,681, 344.15 2,770,608.68 35,132,278.80 10,513,359.79 1,622,688.83 2,282,221.98 143,616,684,48 123,973,835.76 3,904, 910.81 85,487,332.38 229,597,68 17,655.53 5,487,332.38 EXPENDITURES. Civil and miRcel Ian eons War Navv Interior—Indians Interior—pensions Interest on the public debt. . . Total 5,098,787.03 16,841,157.12 179,229.00 I 427,586 38 23,546,759.53 THE RESERVE AND TRUST FUNDS. The reserve of $150,000,000 required by the act of March 14, 1900, has been kept unchanged in gold coin and bullion. This has been done by the exchange each day of the United States notes and Treasury notes redeemed. During the fiscal .year, these exchanges and redemptions were, in United States notes, $23,776,433, and in Treasury note's, $446,678. For the four months from July 1 to November 1, 1901, they were, in United States notes, $6,068,895, and in Treasury notes, $383,263. On June 29, the last business da}^ of the fiscal year, the respective funds stood as here stated: RESERVE FUND. Gold.coin and bullion in division of redemption $150, 000, 000 TRUST FUNDS. [Held for the redemption of the notes and certificates for which they are respectively pledged.] DIVISION OF REDEMPTION. Gold coin Silver dollars Silver dollars of 1890 Silver bullion of 1890 Total $288, 957, 689 435, 014, 000 DIVISION OF ISSUE. Gold certificates outstanding..... • $288,957,689 Silver certificates outstanding 435,'014,000 993,504 46, 789, 496 JTreasury notes outstanding •771,754,( Total 47,.783, 000 771, 754, 689 148 REPORT ON THE FINANCES. On June 30 preceding currenc}^ certificates to the amount of $3,705,000 were outstanding against United States notes. These were all redeemed in due course. On November 1, 1901, the reserve and trust funds were: RESERVE FUND; Gold coin and bullion in.Division of Redemption TRUST $160, 000, OOo FUNDS. [Held for redemption of the notes and certificates for which they are respectively pledged.] DIVISION OF REDEMPTION'. Gold coin Silver dollars DIVISION OF ISSUE. $312, 815, 089 449, 648,000 Silver dollars of 1890 Silver bullion of 1890 Total Gold certificates outstand' ing $312, 815, 089 Silver certificates outstanding 449, 648, 000 127, 351 ^Treasury notes outstandiug . 41,434,000 41, 306, 649 803,897,089 Total 803, 897, 089 Thus in four months the gold certificates were increased by $23,857,400 and the silver certificates by $14,634,000, while the Treasury notes became $6,349,000 less. R E D E M P T I O N OF N O T E S I N GOLD. The Treasurer's books show that United States notes to the amount of $23,776,433 and Treasury notes amounting to $446,678 were rede.emed in gold during the past fiscal year. These operations do not express requests for coin nor an}^ wish to get rid of paper. They are due to preference for particular denominations, which are most conveniently paid b}^ the Treasury in gold certificates, so as to relieve the stress for other currenc3^ While technically they are properly styled redemptions in gold, the}^ mark no weakness in the paper presented as compared with the medium of payment. With gold certificates restricted by law to $20 and upward, they naturally tend to crowd all other paper out of that field. These redemptions are the measure of that movement, and are not a renewal of the "endless chain." . GENERAL F U N D — C A S H IN T H E VAULTS. The subjoined table sets forth an increase in the available cash balance at the close of the fiscal 3^ear of $21,1^7,470.14 over that at its beginning. More notable is the growth in gold, coin and certificates, i n ' t h a t V<^riod of $28,048,609.82. The standard dollars became $10,287,068. more, due to the retirement of Treasury notes and to profits on coinage of the bullion of 1890. The decrease in United States notes of $12,148,899 is explained b y t h e larger circulation of this kind of paper in notes of $10, and the falling off of $2,142,391 in silver certificates follows the issue of a larger A^olume of small denominations. The subsidiary silver coin has been carried to the high sum of $10,790,201.34 by the eff'orts of the mints to meet the growing needs of retail trade, and for the same reason minor coin is at the healthy A^plume of $514,340.98. The explanation of the diminution in national-bank notes in process of 149 TREASURER. redemption will be found in another paragraph. The accounts with the national bank depositaries are almost identical at the beginning and close of the year. The outstanding liabilities are larger at the end of June, 1901, than of June, 1900, by $7,034,440.73, with an advance in every item. ^ While the available cash balance is stated at $176,833,124.92 at the close of the fiscal year, the national-bank notes are a trust, and the subsidiary coin, the fractional currency, and the minor coin are in technical phrase change. These aggregate-$19,921,460.28, and can not well be used in general payments. With these deductions the cash becomes $156,911,664.64, and it is scattered between the twelve mints and assay offices, the nine subtreasuries, and the Treasury in Washington. The share in the national-bank depositaries was $101,416,973.58. By October 1, the gold, coin and certificates, showed an increase of $3,029,559.58 since the beginning of the fiscal 3^ear. During the same period the standard dollars fell off $5,196,865 and the United States notes $5,561,853. The deposits in national banks grew $7,097,485.75. The available cash balance was reduced $6,913,244.94. The subjoined table brings together the details for three periods: GENERAL FUNJ)—CASH IN THE VAULTS. Kind." Gold coin a n d b u l l i o n ' Gold certificates s t a n d a r d silver dollars. S i l v e r certificates . . . Silver b u l l i o n United States notes T r e a s u r y n o t e s of 1890 National-bank notes Subsidiary silver coin Fractional currency Minor coin •... .-... ". Total I n national b a n k depositaries: T o c r e d i t of t h e T r e a s u r e r of t h e U n i t e d States T o c r e d i t of d i s b u r s i n g oilicers Total Awaiting reimbursement, bonds and interest paid Total - Aererreerate Liabilities: National b a n k 5 per cent fund O u t s t a n d i n g checks a n d drafts D i s b u r s i n g officers' b a l a n c e s Post-Office D e p a r t m e n t a c c o u n t Miscellaneous items Total Available cash balance .June. 30,1900. J u n e 29,1901. Oct. 1,1901. 843,315,474.52 27,241,710.00 8,173,576.00 7,515,653.' 00 141,898.36 26,361,902! 00 779,503.00 9,478,892.32 6,606,972.56 194.20 440,069.45 855,363,844.34 43,241,950.00 18,460,644.00 5,373,262.00 1,589,275.41 14,213,003.00 242,755.00 8,615.666.09 10,790,201.34 • • 1,251.87 514,340.98 876,226, 433.92 25,408, 920. 00 13,263,779.00 6,642,038.00 1,018,498.72 8,651,150.00 81,219.00 9,512, 333.99 9,075,394.67 178.01 502,455.83 130,055,845.41 158,406,194.03 150,382,401.14 95.681.015.59 5,735,957.99 102,306,757.12 6,207,702.21 101,879,520. 40 101,416,973.58 108,514,459.33 16, 945.42 °291,054.49 398,525. 80 101,896,465.82 1-01,708,028.07 108,912,985.13 231 952,311.23 260,114,222.10 259,295,386.27 95,882,502.27 5, 997,018.] 3 1 11,891,561.56 4,407,045.14 48,466,067.51 8,147,288.35 3,334, 693.89 13,267,236.27 5,207,095.08 51,797,014.43 9,531,120.63 3,478,630.77 ' 13,949,943.09 • 6,756,980.41 56,543,987.36 • 6,716,690.80 5,407,904.63 76,246,656.45 83,281,097.] 8 89, 375. 506.29 155,705,654.78 176,833,124. 92 ]69,919 879 98 CONSOLS OF 1 9 3 0 . By June 30, 1900, there had been exchanged under section 11 of the act of March 14, 1900, $307,125,350 of the loans of 1907, 1904, and 1908-1918 into consols of 1930, and accrued interest $951,946.63 had 150 REPORT O N - T H E FINANCES. been paid in the transactions. The exchange was continuec in the fiscal year 1901, until the Secretary of the Treasury directed by circular of November 21,1900, that bonds for that purpose must be forwarded not later than December 31, 1900. By that date the amount of consols of 1930 issued reached $445,940,750. The transactions involved" the payment of $1,827,602.93 for accrued interest, and the present worth in excess of par value, was $43,582,004.59. Of these sums were paid in the fiscal year 190i; $138,815,400 for principal, $875,656.30 for accrued interest, and $12,808,452.18 for present worth. The senior securities received are stated below. T i t l e of l o a n . F n n d e d l o a n of 1907 L o a n of 1904 L o a n of 1908-1918 ; . Principal. Accrued interest. 8274,989,750 72,071,300 98,879,700 • 445,940,750 Total Present worth i n e x c e s s of par value. 8863,529.61 526,639.53 437,433.79 831,209,271.52 6,872,571.81 5,500,161.26 l,827,-602.93 43,582,004.59 The share of the old bonds exchanged, the saving in interest, and the net saving in these operations are found by the Government Actuary to be: T i t l e of l o a n . 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 .'. P e r c e n t of t h e b o n d s outstauding March Saving i n interest. 1, 1900, e x changed. ' Total.'. Net saving. 50.425 75.857 49.740 838,671,568 7,830,213 8,046,643 87,462,296 957,641 2,546,482 53.142 54,548,424 10,966,419 BONDS BOUGHT. In March, 1901, the Secretary of the Treasury announced his readiness to buy bonds of the funded loan of 1907, of the loan of 1904, and of the loan of 1908-1918, at a price marking an earning capacity of 1.726 per cent. ° This was the rate of earning of the consols of 1930 at the market price. Purchases began April 1, and from that time to the close of the fiscal year the Treasurer received and paid for bonds as follows: Loans. 4 per cent funded loan of 1907 5 per cent loan of 1904 3 per cent loan of 1908-1918 . . . Aggregate Principal. Premium including accrued Interest. 812,983,700 1,084,300 291,520 81,775,330.79 97,126.46 25,951.47 814,759,030.79 1,181,426.46 317,471.47 14,359,520 1,898,408.72 16,257,928.72 On September 10 the Secretary of the Treasury invited offers for the sale of bonds to the Government to the amount of $20,000,000, including the loan of 1925, at a price not above 140 flat, with the older 151 TREASURER. securities. On October 2 he directed the purchases to stop. The bonds offered and accepted to that date, some of which were delivered later, were: Loans. Funded L o a n of Loan' of L o a n of P r e m i u m , inc l u d i n g accrued interest. Principal. l o a n , 1907 1904 1908-1918 1925 Total Total. 810,103,800 828, 650 1,428,320 13,757,700 81,347,851.95 71,903.65 124,520.18 5,517,761.94 811,451,651.95 900,553. 65 1,552,840.18 19,275,46]. 94 26,118,470 7,062,037.72 33,180,507.72 Thus, payment for bonds purchased for the Treasuiy since April 1, 1901, amounted to the aggregate of nearly $50,000,000, as here stated. l"unded L o a n of L o a n of L o a n of l o a n 1907 1904 1908-1918 1925. P r e m i u m , inc l u d i n g accrued interest. Principal. Loans. .. Total Total. 823,087,500 1,912,950 1,719,840 . 13,757,700 83,123,182.74. 169,030.11 150,47L65 5,517,761.94 826,210,682.74 2,081,980.11 1,870,311.65 19,275,461.94 40,477,990 8,960,446.44 49,438,436.44 . THE PUBLIC DEBT. Interest on the funded loan of 1891 ceased on August 18,1900,^under the notice of the Secretary of the Treasury. At the close of the past fiscal year $274,600 remained unpresented and classified as debt on which interest has ceased since maturity. The changes in the bonds during the year are caused b}^ the issue of consols of 1930 for older securities and by the purchase of bonds, as elsewhere reported in these pages. The reduction in the cash held for the redemption of nationalbanks notes of $5,743,569 is noteworthy. The increase of $61,160,510 in gold certificates marks another stage in their growth. The rise of $18,999,000 in silver certificates is due to the retirement of Treasury notes of $28,244,000, and the holding in standard dollars of the difference between these sums. The changes as a whole create an increase during the year of $6,365,842.22, which is much more than counterbalanced by the growth of gold in the Treasury. The details are appended: Rate. F u n d e d l o a n of 1891.. 2 Consols of 1930 L o a n of 1908-1918 F u n d e d l o a n o f 1907.. R e f u n d i n g certificates L o a n of 1925 L o a n of 1904 Matured loans Old d e m a n d n o t e s United States notes National-bank notes .Fractional c u r r e n c y . . Gold certificates Silver c e r t i f i c a t e s . Currency certificates. T r e a s u r y n o t e s of 1890 2 3 4. 4 4 5 Total.....' When payable. O p t i o n of U n i t e d States. After A p r . 1,1930 . After A u g . 1,1908 . J u l y 1,1907 Convertible — . . Feb.1,1925 F e b ; 1,1904 On d e m a n d do. do .do ....do do ..do do .do J u n e 30,1900. J u n e 29,1901. O c t o b e r 1,1901, . 821,979,850.00 307,125, 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 8,705,000.00 76,027,000.00 8445,940,750.00 99,621,420.00 257,376,050.00 33,320.00 162,315,400.00 21,854,100.00 1,415,620.26 53,847.50 346,681,016.00 29,404,309.50 6,876,411.63 288,957,689.00 435,014,000.00 47, 783,000.00 . 43,026,000.00 2,136,961,091.67 2,143,326,933.89 2,139,548,333.39 8445,940.750.00 98,254,220.00 248,241,700.00 33,200.00 153,454,800.00 21,041,450.00 1,343,560.26 53,847.50 346,681,016.00 29,595,339.00 6,876,361.63 302,926,089.00 442,080,000.00 152 REPORT ON THE FINANCES. In the first quarter of the new fiscal year a reduction took place of $3,778,600.50, while the gold held against certificates increased by $13,968,400. ANTICIPATION OF INTEREST. The Secretary of the Treasury on September 16, 1901, announced that the interest due on October 1 would be paid immediately, and the checks were promptly mailed to holders of registered bonds, while coupons were accepted at once on presentation. The amount thus anticipated was b}^ loans as here stated: Loan. F u n d e d l o a n of 1907 Consols of 1930 Total • Registered. Coupon. Total. 82,010,234.00 2,169,325.25 8472,183.00 60,378.50 82,482,417.00 2,229,703.75 4,179,559.25 532,561.50 4,712,120.75 BONDS HELD AS SECURITY FOR NATIONAL BANKS. Bonds held by the Treasurer as security for the notes of the national banks underwent considerable changes during the past fiscal year, and the amount became $41,741,190 greater at its close than at its beginning, and $96,431,120 greater than June 30, 1899. It will be noted that consols of 1930 stood on June 29 for all but $13,370,580. Bonds pledged for deposits in the national banks were held at the Treasury in Washington for $95,725,450, and for the convenience of the banks bonds for $10,040,000 were in the hands of the-assistant treasurer. New York. Of the total of $445,940,750 of consols of 1930, the Treasurer held $312,748,650 as security for circulation, and $75,645,100 for deposits, while the New York office held $3,627,500. Outside of these sums pledged by the banks, the consols outstanding July 1 were $53,919,500. By October 1 the bonds held for circulation were $330,693,180, while of these consols counted for all but $12,867,780. For deposits in national banks bonds were held in Washington for $98,117,750, and in the New York office for $10,092,000, a total of $108,209,750. The consols not pledged by the banks for either of these purposes were at that date $46,134,950. Comparison may be made for three periods from the subjoined table: BONDS H E L D FOR NATIONAL BANKS, CLOSE OF JUNE, 1900 DURING 1901. k i n d of b o n d s . AND 1901, AND CHANGES Deposited W i t h d r a w n Held J u n e during during 29, 1901. 1901. 1901. H e l d Oct. 1, 190.1. P.ct. 2 820,557,600 811,009,400 2 237,833,950 4 128,241,300 16,460,700 4 17,632,750 7,762,850 5 14,252,100 1,301,500 3 49,004,360 10,009,640 85,000 810,939,400 875,000 84,958,950 10,044,250 312,748,650 619,150 10,935,350 6,144,500 6,631,750 1,865,500 2,996,600 1,483,000 450,400 268,900 6,948, 700 824,640 3,885,580 812,500 317,825,400 6,032,000 2,561,100 268,900 3,993,280 229,688,110 284 378 040 SS ^Q'S 640 46,982,450 326,119,230 330,693,180 Rate. Held J u n e Held J u n e 30, 1899. 30, 1900. - TO SECURE CIRCULATION. F u n d e d l o a n of 1 8 9 1 . . . Consols of 1930 F u n d e d l o a n o f 1907... L o a n of 1925 L o a n of 1904 L o a n of 1908-1918 Total 163 TREASURE:^. BONDS H E L D FOR NATIONAL BANKS, CLOSE OF JUNE, 1900 AND 1901, AND CHANGES DURING 1901—Continuecl. K i n d of b o n d s . eld June Held June R a t e . H30, 30, 1900. 1899. Deposited W i t h d r a w n H e l d J u n e H e l d Oct. during during 29, 1901. 1,1901. 1901. 1901. TO SECURE DEPOSITS. F u n d e d l o a n of 1891 Consols of 1930 F u n d e d l o a n o f 1907... Loan of 1925 Loan of 1904 L o a n o f 1908-1918 B o n d s of t h e D i s t r i c t of C o l u m b i a P.ct. 2 81,382,500 2 25,990,100 .4 9,023,500 4 8,278,000 5 3 25,500,840 3.65 Total.. . 83,017,000 44,569,200 838,599,700 561,700 17,331,650 10,857,450 2,533,700 4,954,000 570,000 12,335,180 1,325,400 75,000 75,000 440,000 70,249,940 93,139,480 44,030,500 83,017,000 7;523,800 $75,645,100 11,761,250- , 6,132,100 5,360,200 ^ 8,030,950 5,084,000 440,000 8,698,280 4,962,300 41,444,530 878,252,900 6,181,100 7, 555,950 446,000 5,166,800 515,000 515,000 95,725,450 98,117,750 BONDS HELD BY THE ASSISTANT TREASURER IN NEW YORK. TO SECURE DEPOSITS. F u n d e d l o a n of 1 8 9 1 . . . Consols of 1930 F u n d e d l o a n of 1 9 0 7 . . . L o a n of 1925 I>oan of 1904 L o a n o f 1908-1918 B o n d s of t h e D i s t r i c t of C o l u m b i a 2 2 . 4 4 5 3 3.65 Total 83,096,000 771,000 1,940,000 2,102,600 81,276,000 •5,081,000 2,459,000 3,185,000 1,703,100 81,240,000 5,859,000 1,111,000 3,917,000 308,000 1,431,800 82,516,000 2,231,500 5,192,000 2,210,000 3,493,000 2,238,400 405,000 410.000 191,000 251,000 350,000 350,000 8,314,600 1 14.114.100 14,057,800 18,131,900 10,040,000 10,092, 000 83,627,500 1,000,000 4,166,000 896,500 83, 727,500 1,000,000 ' 3,923,000 100 000 991,500 ' THE MONETARY STOCK JUNE, 1 9 0 0 AND 1 9 0 1 , AND NOVEMBER 1, 1 9 0 1 . The figures subjoined give the data for a comparison of the monetary stock of the country at the close of June, 1900 and 1901, and November 1,1901. The gold and bullion show an increase in the fiscal year of $88,697,616, the silver dollars of $29,444;485, and the subsidiary silver of $7,589,266. At the same time the sum of notes outstanding became $15,857,743 greater. The. gold coin and bullion in circulation increased $15,488,737; the standard dollars $158,417, andthe subsidiary silver $3,406,038. The circulation of paper money received an increment of $95,708,277. Of this $45,160,270 was in gold certificates; $15,853,899 in United States notes; $21,141,391 in silver certificates, and $44,964,969 in national-bank notes; while there was a falling off in Treasury notes under the act of March 14, 1900, of $27,707,252, and the remnant of currency certificates, $3,705,000, disappeared. The advance in circulation per capita is'from $26.50 July 1, 1900, to .$28 July 1, 1901, to $28.52 October 1, and to $28.72 November 1,1901. By the last-mentioned date the gold and bullion in the Treasury showed an increase in the new fiscal year of $46,703,620; and the total stock of more than $50,000,000. The silver dollars in total stock were $8,160,451, and the subsidiary silver $1,973,891 more. To the gold certificates in circulation $35,962,920 was added in these four months, and to. the silver certificates $12,169,599, in the place of Treasury notes of 1890 retired during preceding months. 154 REPORT ON THE FINANCES. MONETARY STOCK. I n Treasury and mints. Kind. J u n e SO, 1900. Gold coin and bullion Silver dollars Subsidiary silver . ; Total metallic United States notes Treasury notes of 1890 National-bank notes ." Total notes Gold certificates Silver certificates Currency certiiicates Total certificates . 8614,918,991 66,429,476 76,294,050 81,036,031,645 490,618,052 82,901,023 851,908,203 757,642,517 1,609,550,720 30,066,902 779,503 9,478,892 316,614,114 75,247,497 300,161,552 346,681,01676,027,000 309,640,444 40,325,297 692,023,163 732,348,460 27,241,710 7,515,653 200,555,469 408,499,347 3,705,000 34,757,363 Total metallic United States notes Treasury notes of 1890 National-bank notes. . . . . . . , Total notes Gold certificates Silver certificates .. Total certificates 2,341,899,180 494,321,533 453,474,644 10,790,201 630,407,728 66,587,893 79,700,088 1,124,729,261 520,062,637 90,490,289 958', 586,378 776,695,709 1,735,282,087 14,213,003 242.755 8,615,666 332,468,013 47,540,245 345,126,521 346,681,016 47,783,000 353,742,187 23,071,424 725,134,779 748,206,203 43,241,950 5,373,262 245,715,739 429,640,738 48,615,212 Total metallic 612,759,816 2,062,425,496 Aggregate November 1, 1901. Gold c o i n a n d b u l l i o h Silverdollars S u b s i d i a r y silver Total stock. 8421,112,654 424,188,576 6,606,973. Afferreerate • ' .Tune 2.9, 1901. Gold coin and bullion ^.'. Silver dollars Subsidiary silver \ In circulation. 675,356,477 2,177,186,965 2,483,488,290 541,025,153 455,109,468 8,464,829 633,858,471 73,113,520 83,999,351 1,174,883, 624 528,222,988 92,464,180 1,004,599,450 • 790,971,342 1,795,570,792 United States notes T r e a s u r y n o t e s of 1890 National-bank notes 7,899,988 49,386 8,237,121 338,781,028 41,384,614 351,674,562 346,681,016 41,434,000 359,911,683 Total notes 16,186,495 731,840,204 748,026, 099 Gold certificates Silver c e r t i i i c a t e s 31,136,430 7,837,663 281,678,659' 441,810,337 T o t a l certificates Aggregate . ! 38,974,093 723,488,996 2,246,300,542 2,543,597,491 DISTRIBUTION OE TREASURY ASSETS. The available assets of the Treasury, aggregating at the close of June, 1901, $1,182,258,682.04, were hel^'in nine subtreasuries and twelve mints and assay offices, besides the Treasury in Washington and national banks. Not included in this sum, in the Washington office were $421,844,680 securities of the national banks, and $246,961,000 notes and certificates sealed and prepared for issue, and not yet put into the cash; for these items no other office has anything to correspond. Apart from these special funds of $668,805,680, the assets in the Treasury in Washinsrton were $174,434,494.20; in the New York subtreasury, $265,700,186.25; in the San Francisco subtreasury, $59,962,788.52. The Philadelphia mint held $250,723,725.18. 155 TREASURER. In gold, the largest holdings were in the New York subtreasury, $175,773,015, and the next in size in the Philadelphia mint, $127,155,783.79. In the San Francisco subtreasury the gold was $27,264,481.46, and in the mint in that city, $52,2§6,811.13. The additions to»the gold in San Francisco in the subtreasury, and especially in the mint during the year, deserves mention, for in the former they were $791,842.60 and in the latter $43,383,459.39. These result from the treasures brought from the Klondike, with some importations from Australia. For the reserve and in trust for certificates, the coin is as useful in San Francisco as in any other office. The chief part of the standard dollars was in six offices: In Washington, $151,746,293; in New York subtreasury, $61,094,480; in New Orleans subtreasury, $25,869,612; in San Francisco subtreasury, $31,934,217; in the mint in Philadelphia, $86,076,687; in the mint in San Francisco, $55,977,333. The deposits in national banks are stated separatel}^ from the assets in the treasury offices. The former were at the close of June, 1900, $101,879,520, and at the same date, 1901, $101,416,974. Thev became September 30, $108,514,459. They were. $111,322,418 at the close of Ma}^, 1900, and in the refunding operations in May, 1879, they were $279,544,645. GROWING USE OE GOLD. July 1, 1897, the gold in circulation, including certificates, was $556,432,594 and 33.8 per cent of the total; July 1, 1901, this became $876,123,467 and 40.2 per cent of the total. ' At the former date the stock of actual gold, coin and bullion, was $697,223,332 and 36.56 per cent of the total stock in the country, and at the latter date $1,124,729,261 and 45.28 per cent of the total stock. The percentage of gold, coin and bullion, to the total stock of money has grown from 36.56, .July 1, 1897, to 45.28, July 1, 1901, and the volume by $427,505,929 in the same period. . If these comparisons are brought down to October 1, we shall find the yellow metal, including certificates in circulation, to be $908,718,436, and 40.8 per cent of all, while it figures in the total stock at $1,160,353,790, and at 45.93 per cent „of the whole. Continuing the process to November 1, we learn that gold, including certificates, became $915,537,130, in circulation, and rose to $1,174,883,624 inthe total stock, and to 46.18 per cent. PERCENTAGE OF GOLD (INCLUDING GOLD CERTIFICATES) IN CIRCULATION TO TOTAL CIRCULATION FROM JULY 1, 1897. Date. J u l y 1,1897 J u l y 1,1898 J u l y 1,1899 J u l y 1,1900 J u l y 1,1901 O c t o b e r 1,1901 N o v e m b e r 1,1901 Gold. Total money in circulation. Coin. Certificates. Total. 81,646,028,246 1,843,435,749 1,932,484,239 2,062,425,496 2,177,266,280 2,227,188,491 2,246,300,542 8519,146,675 660,959,880 702,060,459 614,918,991 630,407,728 631,201,267 633,858,471 837,285,919 35,820,639 32,656,269 200,555,469 245,715,739 277,517,169 281,678,659 8556,432,594 . 696,780,519 734,716,728 815,474,460 876,123,467 908,718,436 915,537,130 Percent. 33.8 37.8 38.0 39.5 40.2 40.8 40.8 156 REPORT ON THE FINANCES. PERCENTAGE OF GOLD TO TOTAL STOCK OF MONEY FROM JULY 1, 1897. Total stock of money. Date. 81,906,579,283 2,073,867,055 2,204,652,861 2,341,899,180 2,483,567,605 2,526,049,760 2,543,597,491 July.l, 1897 •J u l y l , 1898 J u l y l , 1899 J u l y l , 1900 J u l y l , 1901 October 1,1901... November], 1901 Gold. Per cent. 8697,223,332 863,784,929 • 975,453,939 1,036,031,645 1,124,729,261 1,160,353,790 1,174,883,624 36.56 41.65 44.24 44. 23 45.28 45.93 46.18 GOLD^ IN THE TREASURY. The gold in the Treasury has its own significance. It covers the reserve, the security for certificates, and the sum in the general fund. T h i s w a s J u l y l , 1897, $178,649,327.57, and July 1,1901,$494,848,297.42. On April 24,1901, it was $502,173,119. The accessions in these years have been steady and rapid but not uniform. B}^ October 1, 1901, this gold became $529,152,522.92, and October 31, $542,831,849, the largest in our annals, and more than is held under single control elsewhere in the world. This table separates the Treasur}^ holdings by their uses: Date. July 1,1.897 Jnly 1,1898 July 1,1899 Julv 1,1900..:.. .1 nliv' 1,1901 October 1,1901 . October 31,1901 Reserve. For certificates in circulation. 8100,000,000 100,000,000 100,000,000 150,000,000 150,000,000 150,000,000 150,000,000 837,285,339 35,811,589 32,655,919 200,733,019 247,036,359 277,517,169 284,751,929 General fund (belonging to Treasury). 841,363,988. 57 67,752,727.90 151,104,414.92. 72,844,952.68 97,811,938.42 101,635,353.92 108,079,920.88 Total. 8178,649,327.57 203,564,316. 90 . 283,760,333.92 423,577,971.68 494,848,297.42 529,152,522. 92 542,831,849.88 In the settlement of balances between the clearing house and the subtreasury in New York gold certificates have been practically the onl^^ medium used since October, 1899. In Januaiy, 1901, gold coin was paid in the sum of $6,650,000, but this was an exception. In representative months pajniients were $23,210 in United States notes and $23,154,000 in gold certificates as in October, 1900, and $23,923 in United States notes and $16,342,000 as in June, 1901. For customs the receipts in gold, including certificates, last year in NewYork ranged from 76.6 per cent in August, 1900, to 91.8 in December. They became 94.1 per cent in July, 1901, and in October, 1901, they were 95.3 per cent. In October, 1901, they were in Treasury notes $5,815, in United States notes $337,054, which was 2.1 per cent; gold coin, $347,430, 2.2 per cent; gold certificates, $14,612,281, which was 93.1 per cent; silver certificates, $403,602, 2.6 per cent, and silver coin, $3,928. There is, indeed, no disposition to pay customs in any other medium, and when other currenc}^ is used it is only in small sums or for exceptional reasons. The gold holdings of the country and the Treasuiy have been reduced by the net exports of that metal since Juh^, 1897; in June, July, and December, 1899; in Januaiy, May, June, and August, 1900; and in Januaiy, April, May, and June, 1901. There were net imports in every other month of this period. (Table 50, p. 247, and 51, p. 248.) TREASURER. 157 While our people, except on the Pacific coast, are not inclined to handle coin for wholesale transactions, gold is now the basis for general business all over the countiy. The Government pays all its obligations, at the option of the creditor, in gold. All paper currency readily commands gold. Requests to the Treasuiy are not for gold except in small degree. They are for particular denominations, without regard to kinds of mone}^, and since they are for those of small size they are very often for silver certificates. This is true with reference both to the transfer of funds and to redemptions, including those of national-bank notes. •* The material buttresses to our monetaiy system thus become stronger and stronger from the product of our mines and from general business, and confirm the legislative guaranties of our gold standard. The present indications are that the strength will receive steady and large accretions from both these source^ until causes not now apparent shall check them. TRANSFERS FOR DEPOSITS OF GOLD. In this wa}^ the Treasuiy has been able to relax the restriction that small notes and certificates could be given only in exchange for large denominations of the same kind. At the request of depositors of gold one-half of the amount has been granted in United States notes and silver certificates of $10 and less on payment of bankers' rates for transportation. As alwa3^s, for mutilated currency small denominations have been paid as desired. To the degree that gold certificates take the place of other large paper it may become practicable to put out, if not without limit, more freely than heretofore small notes and certificates for gold as well as other currency to all who ask for them. Should the inflow of gold serve as a basis for all large denominations in gold certificates, as is very likel}^ other classes of papers will serve for those of smaller size. In accord with the spirit of the act of 1900, to the United States notes of $10, which were at the close of the fiscal year, $135,122,771, it will be practicable as larger ones are redeemed to add $100,000,000 or more. At the same time Treasuiy notes, $10 and larger, amounting to $27,046,880, will make room for smaller certificates and by redemptions of larger denominations the volume of $5 and smaller can be increased at least $40,000,000. This reasonable estimate is that over $140,000,000 will, by influences now at work, be changed from paper above $10 to that size or smaller, while the gap thus created will be filled by gold certificates. The gold supply therefore relieves the strain of limitation on the volume of United States notes and silver certificates by removing the demand on either for use in large denominations. For the smaller sizes the notes and silver certificates will be adequate in volume in measure increasing as the process of redemption goes on. The addition to the circulation in gold coin and certificates was $60,649,007, and this was 52.8 per cent of the increase in circulation and 2.7 per cent of the total circulation. The inflation should it continue, as it probably will, at this or even a greater rate, can not be dangerous. Moreover, as the actual coin is held against every dollar of the gold certificates, no peril to the Treasury is involved in their withdrawal, nor can any contraction parallel such mischiefs as bank notes in excess or irredeemable Government paper involve. The strain annually recurring for small notes will, by the processes now in operation, grow less and less, and the annoyances heretofore occurring will rapidly diminish. 158 REPORT ON THE FINANCES. TRANSFERS FOR DEPOSITS IN NEW YORK. For the tranfers of currency technically regarded as for the movement of the crops, but covering also general business, deposits are received at the subtreasur}^ in NewYork for pa3^ments made as directed by the depositor. The tables subjoined present such transactions in each month in which any occurred during the calendar years 1899 and 1900, and to November 1,1901. The kinds of money received and paid, and the places of payment, are recited: Gold coin and certificates. • Transactions. 1899—Keceipts: In Januarj'' In March In Ausfust In September In October In November In December Total ,. . Paid by the Treasurer and assistant treasurers of the United States: In Washington In Chicasfo In st Louis ... In New Orleans . . . .. ^ Total 1900—Receipts: In February In JNIarch In April Ih July In August In September In Octol')er In November In December ' . . . ... Total Paid by the Treasurer and assistant treasurers of the United States: In Washington In Chicago In St Louis In New- Orleans . •. Total .'. 8713,500 10,000 850,000 2,800,000 3,965,000 2,050,000 2,950,000 United States Trea.sury . notes. notes. Silver certificates. Total. . 8445,000 845,000 850,000 595,000 262, 500 175,000 7 500, 280,000 60,000 8713,500 550,000 850,000 3,675,000 4,295,000 2,225,000 2,950,000 13,338,500 1,477,500 52,500 390,000 15,258,500 250,000 4,900,000 250,000 6,825,000 380,000 170,000 38,500 1,751,400 147,900 545,700 838,500 4,900,000 250,000 9.270.000 12,225,000 2,131,400 317,900 584,200 1 15,258,500 • l,-500,000 600,000 900,000 150,000• •250,000 5,567,000 7,2.59,000 3,475,000 i,903,000 627,000 554,000 • 31,000 391,666 407,000 225,000 185,000 1,500,000 600,000 900,000 150 000 250,000 6,585,000 8,251,000 3,700,000 5,100 000 31,000 1,208,000 27,036 000 20,000 20,000 308,000 909,000 200,000 7,550,000 3,350,000 15,936,000 20,000 1,237,000 27,036,000 12,000 24,604,000 1,193,000 100,000 5,755,000 1,763,000 13,650,000 100,000 1,775,000 ' 1,279,000 1,357,000 21,268,000 4,51], 000 1 1901—Receipts: In March In April In Mav In June In Jul V In August In September In October 395,000 200,000 995,000 348,000 1,087,000 3,251,500 3,874,000 3,525,000 353,666 40,000 38,000 128,500 132,666 82,000 200,000 70,000 611,000 440,000 425,000 200,000 1,480,000 470,000 1,325,000 3,450,000 4,485,000 3,965,000 Total 13,675,500 589,500 1,535,000 15,800,000 135,000 3,332,000 400,000 3,665,750 17,500 1,940,000 270,000 1,953,250 75,000 55,000 17,500 1,228,000 130,000 2,281,000 375,000 55,000 170,000 6,500,000 800,000 7,900,000 7,832,750 4,180,750 3,786,500 15,800,000 Paid by the Treasurer and assistant treasurers of the United States In Washington In Baltimore In Cincinnati In Chicago In St. Louis. . . . ...... In New Orleans' Total 30,000 300,000 159 TREASURER. P O I N T S AT W H I C H PAYMENT WESTERN IS MADE .FOR MINTS AND ASSAY GOLD R E C E I V E D AT OFFICES. For gold received at the assay oflSce in New York payment is made by check on the assistant treasurer in that city. At the other assay offices and the mints some currency is used and checks on local banks are given when asked for by depositors. Considerable sums are paid by exchange on Chicago, New York, and San Francisco. These sums are reported below for the fiscal years 1900 and 1901 and the first quarter of 1902, with the offices for which the payment is thus made: Exchange. United States mint, Denver. United States assay offices. Boise. Deadwood. Helena. Seattle. Fiscal year 1900. ON CHICAGO. 1899—July August September. October . . . . November. December . 1900—January February.. March April May June Total . Fiscal y e a r 1901. 1900—July '. August ' September October '. November December . . , 1901—January February •... March April May June Total 850,000 8500,000 500,000 1,000,000 500,000 1,000,000 500,000 1,000,000 1,000,000 1,000,000 500,000 1,000,000 8100,000 250,000 50,000 100,000 50,000 100,000 8,500,000 1,000,000 200,000 1,100,000 1,000,000 500,000 500,000 1,000,000 500,000 500,000 500, 000 500,000 500.000 500,000 1,000,000 500,000 150,000 •100,000 150,000 50,000 200,000 100,000 100,000 200,000 100,000 200,000 200,000 150,000, 100,000 50,000 100,000 •100,000 100,000 100,000 7,500,000 900,000 200,000 1,500,000 500,000 500,000 150,000 100,000 100,000 150,000 50,000 50,000 50,000 200,000 100,000 100,000 100,000 200,000 200,000 500,000. 150,000 500,000 400,000 50,000 50,000 50,000 "56," 666' 50,000 50,000 100,000 8100,000 200,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 50,000 < 50,000 8400,000 400,000 50,000 Fiscal year 1902. 1901—July August September. October 500,000 Total. United States mints. United States.assay offices. .Exchange. San Francisco. Charlotte. Seattle. F i s c a l year 1900. ON N E W Y O R K . 1899—J.uly August September. October November . December.. 1900—January February . . March April ... May June Total.... 81,500,000 1,250,000 1,000,000 8434,000 622,000 457,000 933,000 775,000 692,000 708,000 692,000 587,000628,000 771,000 1,290,000 820,000 20,000 40,000 20,000 8,589,000 240,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 81,020,000 2,330,000 2,563,000 2,360,000 730,000 100,000 50,000 9,153,000 ' 160 REPORT ON T H E F I N A N C E S . United States assay offices. United States mints. Exchange. Denver. San Francisco. Fiscal year 1901. 1900—July August September October November December 1901—January February March April May . June -..' 820,000 28,800,000 10,821,000 180,000 3,000,000 4,000,000 5,000,000 3,000,000 625,000 920,000 665,000 879;'=000 20,000 20,000 20,000 20,000 3,000,000 2,500,000 1,000,000 3,500,000 15,000,000 3,089,000 80,000 10,000,000 3,000,000 10,000,000 5,000,000 1,300,000 'i," 666,'666' 'i," 666,'666' Fiscal year 1902. 1901—July August September October Total. Seattle. 8985,000 1,017,000 565,000 1,066,000 698,000 1,039,000 904,000 852,000 1,087,000 1,090,000 860,000 658,000 87,500,000 Total. Charlotte. United States m i n t a t Carson. Exchange. 20,000 40,000 82,000,000 3,000,000 2,000,000 3,000,000 20,000 20,000 200,000 20,000 20,000 20,000 1,000,000 U n i t e d States Assay offices. Boise. Seattle. F i s c a l year 1900. ON SAN FRANCISCO. 1S99—July . . . . August September October N o v e m b e r '. December 1900—January Februarv March April May J Line 8100,000 '. •. 8100,000 50,000 50,000 50,000 50,000 50,000 100,000 8500 000 500,000 100,000 100,000 50,000 Total 100,000 700,000 1,000,000 50,000 50,000 50,000 50,000 50,000' 50,000 50,000 500,000 M s c a l year 1901. 1900—July August .. September October November December 1901—January February March April May June .• .'. 25,000 : 50,000 • 50,000 Total 50,000 50,000 50,000 50,000 100,000 175,000 600,000 500,000 Fiscal year 1902. 1901—July August September October .... Total 50,000 100,000 50,000 50,000 100,000 100,000 300,000 50,000 •... . VARIATIONS IN T H E CURRENCY. The gold which flowed into the Treasuiy led to the addition of $45,160,270 to the gold certificates during the fiscal year. These took the place of other kinds of large denominations, but they also provided 161 TREASURER. the additions to paper of $20. Thus as large United States notes were presented, they were canceled, and such notes for $10 were substituted, filling the needs in that field. Silver certificates above that size came in slowly, so that they could not be canceled and retired, and there remained July 1, 1901, outstanding $14,346,555 more than is contemplated by section 7 of the act of March 14, 1900, which provides that not exceeding 10 per cent of the total volume of said certificates may be issued in denominations of $20, $50, and. $100. By October 1 the excess continued at $9,512,925. As fast as silver dollars were coined from the bullion of 1890, Treasuiy notes to a likeamount were retired, and certificates issued in their stead. No silver certificates above $10 have been added to the circulation since March 14, 1900, and none above $5 since April 1,1901, with the exception of $2,800,000, in $10s, in October, 1901. The result has been that denominations of $10 and less became at the close of the fiscal year $808,948,582, while they were only $759,831,258 at its beginning. By October 1 the amount of such currency had reached $830,121,921. The variations in the currency during the past five years are illustrated by the annexed table, in which separation is made at denominations of S e p t e m b e r 30— Denomination. 1897. 1898. 1899. 1900. 1901. 8528,098,753 8622,649,812 8646,561,185 8620,047,309 47,388,215 30,436,596 273,393,522 302,691,417 207,524,076 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 38,967,286 298,136,679 376,617,472 291,952,816 861,433,826 903,090,863 961,756,279 1,067,202,652 1,143,159,497 Aggregate twenty dollars a n d u n d e r i n g o l d a n d p a p e r . . 1, 389,532,579 1,525,740,675 1,608,317,464 1,687,249,961 1,774,360,764 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 57,972 315 86,506,570 23,229,500 73,011,500 28,650,000 81,980,000 Gold coin .. . Paper currency: One dollar Two dollars Five dollars Ten dollars T w e n t y dollars Total t w e n t y dollars a n d u n d e r in paper. 8631,201,267 • 67,679,561 42,801,259 310,570,049 409,071,052 313,037,576 Fifty d o l l a r s One h u n d r e d d o l l a r s . . . . Five hundred dollars... One thousand d o l l a r s . . . Five thousand dollars.. Ten thousand dollars... 43,625,865 80,819,070 19,373,500 .89,678,500 6,620,000 65,450,000 50,452,390 60,382,470 19,353,500 68,053,500 5,855,000 29,960,000 T o t a l fifty d o l l a r s a n d over 305,566,935 234,056,860 277,231,085 341,555,385 351,349,885 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 1,494,509,382 1,000,000 1,166,000,761 1,136,147,723 1,237,987,364 1,407,758,037 1,493,509,382 1,694,099,514 1, 758,797,535 1,884,548,549 2,027,805,346 2,124, 710,649 Aggregate paper UnknoAvn, d e s t r o y e d Net paper • Aggregate gold paper and No gold coins are above $20. The growth in all paper of that size and below is noteworth}^ Within the year ending with September, 1901, the increase was in gold, $11,153,958, and in paper, $75,956,845, a total of $87,110,803. ^In the same time to paper of $50 and over the addition was only $9,794,500. The percentage of coin to the grand aggregate, at the close of September, was 29.7 to 70.3 paper. Of $20 and under in paper the percentage was 53.8; of both gold and paper of that size the percentage was 83.5. Paper of $50 and above represented 16.5 per cent of the circulation, against 16.84 per cent at the close of SejDtember, 1900. 'FI1901 11 162 REPORT ON THE FINANCES. KINDS OF CURRENCY. The classification of the currency by kinds, at the periods stated, affords data for comparison: July 1,1900. Gold coin Gold certificates Standard .silver dollars Silver certificates.. — Subsidiary silver Treasury notes of 1890. United States notes . . . Currency certificates.. National-bank notes .. Total : July 1,1901. Oct. 1,1901. 8631,201,267 ,277,517,169 71,201,115 435,437,962 81,538,117 42,944,781 338,029,866 8614,918,991 200,555,469 66,429,476 408,499,347 76,294,050 75,247,497 316,614,114 3,705,000 300,161,552 8630,407,728 245,715,739 • 66,587,893 429,640,738 79,700,088 47,540,245 332,468,013 345,205,836 349,318,214 2,062,425,496 2,177,266,280 2,227,188,491 DENOMINATIONS OF PAPER CURRENCY A N D THEIR A V E R A G E VALUE. The issue of gold certificates against the growing suppl}^ of gold, as indicated, meets fully all the demands for large denominations. While there has been a steady addition to the small notes and certificates, the needs of the banks and the business community are not so well satisfied but that the urgency for more is constant. From the close of the fiscal 5^ear 1897 to the same period in 1901 the $1 ran up from $46,273,924 to $63,928,162; the $2 from $30,071,400 to $40,354,514; the $5 from $267;479,752 to $305,207,834; the $10 from $299,083,827 to $399,458,072, and the $20 from $207,488,216 to $307,138,276. During this period, while the total paper currency increased from $1,169,788,004 to $1,473,177,892, the percentage of each of the small denominations to the paper circulation has grown continually greater. Thus the $1 have advanced from 3.96 per cent in 1897, to 4.34 per cent in 1901; the $2 from 2.57 to 2.74per cent; the $5, owing to the restriction on national banks in the law of 1900, fell from 22.86 to 20.72 per cent; while the $10 ran up from 25.56 to 27.11 per cent. The details of these changes may he traced in the annexed table: PERCENTAGE TO TOTAL PAPER CURRENCY OF ALL DENOMINATIONS OF | 1 0 AND LESS. Denominations of 810 and less. Date. July 1,1897.... July 1,1898.... J u l y l , 1899.... July 1,1900.... J u l y l , 1901.... October 1,1901 Total paper currency. 81,169,788,004 1,139,339,402 1,144,266,891 1,380,832,739 1,473,177,892 1,494,509,382 AVERAGE .One dollar, 3.96 4.36 4.88 4.36 4. 34 4.53 Two dollars, Five dollars, Ten dollars. 2.57 2.80 2.98 2.74 2.74 2.86 22.86 24.19 25.10 21.20 20.72 20.78 25.56 26.89 28.11 26.72 27.11 27.37 rp^f„i •^*^'^^^54.95 58.24 61.07 55.02 54.91 55.54 VALUE. The average value of notes and certificates issued b}^ the^ Treasuiy, which was $6,342 in the fiscal year 1900, fell to $4,459 in 1901. In the redemptions this average value was not so much affected, and was $4,844 in 1900 and $4,409 in 1901. The number of pieces issued rose from 78,132,176 in 1900 to 91,291,031 in 1901, an increase of 16'84 per 163 TREASURER. cent. The pieces redeemed were 67,550,735 in 1900, and 81,394,555 in 1901, an increase of 20.49 per cent. The difference between the pieces issued and those redeemed will call for a larger volume of redemptions in the future. The percentage. of outstanding Government currency of each denomination redeemed marks the activity of small notes and certificates. While in 1900 the total redemptions were 30.5 per cent of all outstanding, those of $1 were 57 per cent; of $2, 49.9; of $5, 34.5, and of $10, 25 per cent. In 1901 the total redemptions were 32.1 per cent of all outstanding, those of $1 rose to 65.3; of $2, 57.2; of $5, 36.1, and of $10, 31 per cent. In both years the destructions of the largest notes were abnormal, in order to make way for the issue of small denominations. The details are recited below: PERCENTAGE OF OUTSTANDING GOVERNMENT PAPER CURRENCY OF EACH DENOMINATION REDEEMED EACH MONTH OF THE FISCAL YEARS 1900 AND 1901. Denomination, 1900. One dollar Two dollars Five dollars . Ten dollars Twen.ty dollars Fiftydollars.... One hundred dollars. Five hundred dollars. Onethousand dollars. Five thousand dollars Ten thousand dollars. Total Denomination. July. .Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. June. Total. 4.3 4.0 2.5 L8 1.5 L2 1.4 0.4 0.4 0.2 7.0 4.1 3.8 2.3 1.1 1.4 3.0 14.8 0.8 3.5 0.8 3.2 3.0 3.3 2.0 1.4 1.3 3.0 4.5 3.2 4.3 1.1 11. 6 4.0 3.8 .2.4 L8 1.6 3.4 1.8 1.7 4.7 7.1 12.1 3.7 3.3 2.0 1.4 1.2 L9 1.8 1.2 1.2 0.9 2.1 4.6 4.2 2.6 1.81.4 1.6 1.4 1.2 3.2 3.2 5.6" 6.5 5.7 4.5 3.3 2.1 L4 1.4 1.3 0.5 0.6 1.9 5.3 4.6 3.0 2.2 1.6 1.5 1.2 1.0 0.5 1.3 3.3 5.2 4.4 2.8 2.0 1.4 1.5 1.6 1.2 4.1 1.9 4.6 5.2 4.3 2.9 2.2 1.8 5.5 1.4 1.1 1.7 0.9 12.7 6.0 5.0 3.6 2.8 2.1 2.5 1.6 1.2 1.1 L3 6.3 5.7 5.0 3.8 3.4 2.5 2.3 1.6 1.1 1.1 0.5 6.1 57.0 49.9 34 5 25.0 19.6 28.7 30.6 15.2 24.2 14.2 58.0 2.2 2.7 2.6 2.8 1.8 2.4 3.0 2.3 2.5 3.2 3.0 2.3 30.5 July. Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. ] May. June. Total. 1 1901. One dollar 5.2 Two dollars 4.5 3.3 Five dollars . . . 2.9 Ten dollars Twenty dollars 2.3 2.3 Fiftydollars .One hundred dollars. 1.7 Five hundred dollars. 1.0 One thousand dollars. 0.7 Five thousand dollars 0.7 Ten thousand dollars. •3.9 Total 2.8 5.2 4.6 3.3 2.9 2.2 2.4 1.8 0.9 0.7 0.3 4.1 4.6 4.1 2.5 2.2 2.0 4.6 1.6 1.1 4.0 1.3 5.3 4.6 4.2 2.5 1.9 L5 2.4 1.8 2.4 4.1 0.5 4.3 4.9 4.3 2.6 2.1 1.5 2.1 L4 1.2 2.9 0.3 2.2 4.9 4.4 2.6 2.2 1.4 1.9 L4 2.2 3.2 0.6 4.2 7.3 6.7 4.5 3.8 2.3 1.9 1.4 0.8 0.5 O.S 2.9 6.7 5.5 3.6 2.9 2.1 1.8 1.4 0.8 0.3 0.5 4.0 6.0 5.2 3.2 2.5 1.9 1.8 1.4 0.7 0.3 0.7 5.4 5.7 5.0 3.1 2.4 1.7 L8 1.5 0.8 1.6 0.2 4.4 5.8 5.1 3.5 2.8 1.9 2.0 1.6 0.8 LO 0.6 3.5 6.0 5.1 3.3 2.6 1.9 1.9 1.5 1.0 0.5 0.1 3.8 65.3 57.2 36.1 31.0 23.0 28.9 18.3 13.5 20.2 6.1 42.3 2.8 2.8 2.5 ' 2.3 2.4 3.3 2.9 2.7 2.6 : 2.,S 2.7 32.1 PAPER GURRENCY ISSUED AND REDEEMED IN 1 9 0 0 AND 1 9 0 1 AND FIRST QUARTER OF 1 9 0 2 . Tables are presented below showing, by months during the fiscal years 1900 and 1901, the paper currenc}^ issued and that redeemed, with the average value of the pieces, and these emphasize the conditions of the currenc}^ The number of pieces issued was 13,158,855 greater in 1901 than in 1900, while the amount was $88,443,000 less, owing to the large denominations of gold certificates put out in the former year. There was a decrease in average value from $6,342 to $4,459. In redemption the number of pieces was 13,843,820 greater in 1901 than in 1900, and the amount was $31,634,066 greater. The average value fell off 43.5 cents. 164 REPORT ON T H E FINANCES. The first quarter of 1902 shows in issue an increase over the corresponding period of the preceding year of 5,160,328 in pieces and $9,63B,000 in amount, while the average value was 55 cents less. In the same quarter in redemption the increase in pieces was 1,131,805 and in amount $4,328,100, while the average value was reduced 5.9 cents. U N I T E D STATES PAPER CURRENCY ISSUED DURING THE FISCAL YEARS 1900 AND 1901. Fiscal year 1900. Number of notes and certificates. Fi.scal year 1901. Average ' .value.- Number of notes and" certificates. Average value. July August September October... November December. January... February . March April May June 5,439,083 6,711,330 6,385,810 6,239,388 5,857,424 6,679,915 6,717,674 5,457,009 7,130,784 7,127,955 7,257,770 7,128,034 • 818,682,000 73,382,000 72,006,000 37,183,000 39,534,000 33,726,000 60,613,000 28,825,000 27,288,000 41,616,000 33,866,000 28,824,000 83.434 10.934 11.275 5.959 6. 749 5.048 9.022 5.282 3.826 5.838 4.666 4.043 7,374,845 7,259,708 6,808,916 6,513,312 6,594,841 7,961,238 8,297,324 7,131,144 8,511,909 8,588,000 8,350,146 7,899,648 830,622,000 38,768,000 31,444,000 •33,616,000 28,698,000 36,460,000 46,500,000 29,032,000 32,134,000 37,800,000 31,010,000 31,018,000 84.152 5.340 4.618 5.161 4.351 4.579 5.604 4.071 3.775 4.401 3.713 3.926 Total 78,132,176 495,545,000 6.342 91,291,031 407,102,000 4.459 PAPER CURRENCY ISSUED DURiNCr THE FIRST QUARTER OP 1901 AND OF 1902. F i r s t q u a r t e r fiscal y e a r 1901. Month. • N u m b e r of notes a n d certificates. Amouut. F i r s t q u a r t e r fiscal y e a r 1902. Average value. N u m b e r of notes a n d certificates. Amount. Average value. July August September 7,374,845 7,259,708 6,808,916 830,622,000 38,768,000 31,444,000 84.152 5.340 4.618 8,758,571 . 9,525,791 8,319,435 838,438,000 38,666,000 33,366,000 84.388 4.059 4.010 Total 21,443,469 100,834,000 . 4.702 26,603,797 110,470,000 4.152 UNITED STATES PAPER CURRENCY REDEEMED DURING THE FISCAL YEARS 1900 AND 1901. Fiscal year 1900. Number of notes and certificates. Amount. Fiscal year 1901. Average Number of value of notes and notes and certificertificates. cates. Amount. Average value of notes and certificates. July August September October... November December. January... February . March April Mky June 4,759,724 4,586,715 4,070,348 4,712,215 4,209,190 5,272,197 7,875,008 5,998,086 5,767,189 5,984,505 7,090,575 7,224,983 819,494,300 25,873,100 25,963,300 28,449,000 17,963,000 24,587,500 31,783,800 24,689,320 27,191,504 34,123,000 32,275,600 34,864,000 84.095 5.640 6.378 6.037 4.267 4.663 4.036 4.116 4.714 5.701 4.551 4.825 6,481,124 6,486,296 5,540,289 5,490,824 5,795,132 5,875,122 9,181,434 7,853,280 7,117,596 6,863,500 7,348,631 7,361,327 829,795,000 30,003,500 30,066,000 27,164,000 25,144,300 26,967,000 36,975,100 32,007,290 30,269,000 29,384,000 31,189,200 29,927,100 84.597 4. 625 5.426 4.947 4.338 4.590 4.027 4.075 4.252 4.281 4.244 4.065 Total 67,550,735 327,257,424 4.844 81,394,555 358,891,490 4.40 165 TREASUKER. PAPER CURRENCY REDEEMED DURING THE FIRST QUARTER OP 1901 F i r s t q u a r t e r fiscal y e a r 1901. Month. July August September N u m b e r of notes a n d certificates. - Total Average v a l u e of notes a n d certificates. Amount. 6,481,124 6,486,296 5,540,289 829,795,000 . 30,003,500 30,066,000 84.597 4.625 5.426 18,507,709 89,864,500 4.855 AND OP 1902. F i r s t q u a r t e r fiscal y e a r 1902. N u m b e r of notes a n d certificates. Amount. 7,397,908 7,271,907 4,969,699' 19,639,514 Average v a l u e of notes a n d certificates. 836,201,000 32,624,000 25,367,600 ' 84.893 4 486 5.104 94,192,600 4.796 The percentage of increase in the number of notes and certificates issued in 1900 over 1901 was 16.84. In those redeemed there was an increase in 1900 OA^er 1899 of 6.32 per cent, and in 1901 over 1900 of 20.49 per cent. The redemptions also shoAv an increase in amount of money in 1900 OA^er 1899 of 5.63 per cent, and in 1901 over 1900 of 9.66 per cent. SHIPMENTS OF CURRENCY FROM WASHINGTON. The currency supplied by the Treasuiy is distributed through the subtreasuries and the banks, as the business of the A^arious parts of the countiy requires. The shipments from Washington numbered 48,269 in 1900, and 51,697 in 1901. Because of the resumption of the issue of gold certificates in August of that 3^ear, the A^olume of currency was greater in 1900 by $80,409,170.86 than in 1901, but the normal transactions shoAV a steady increase in corresponding seasons. In 1900, 9,387 packages, amounting to $482,327.40, were forwarded by registered mail, and 38,882 packages, amounting to $399,839,037.67, were sent by express. Of these, 6,174 packages, Avorth $292,172,000, went to assistant treasurers of the IJnited States, and 42,095 packages, containing $108,149,365.07, went td banks. In 1901 the packages b}^ registered mail were 10,817, amounting to $602,716.83, and by express 40,880, worth $319,309,477.38. Gf these, 8,855 packages, pf the value of $218,727,000, Avere forwarded to assistant treasurers of the United States, and 42,842 packages, of the total of $101,185,194.21, to banks. The shipments are reported by months, in both fiscal j^ears, in the tables folloAA^ing: SHIPMENTS OP MONEYS FOR FISCAL Y E A R 1900. Registered mail. Month. July August September. October November . December.. January February... March April May June Total. Number of packages. Amount, . Express. Number of packages. 551 581 605 730 773 962 ],053 839 882 830 808 773 827, 648.26 28,059.97 30,536.35 36,293. 97 45,362.45 45,206.29 36,707. 74 32, 770.43 41,389.99 46, 964.02 54,057.66 57,330. 27 2,761 3,334 3,613 3,335 3,] 04 3,455 3,388 2,933 3,487 3,159 3,287 3,026 815,105, 326.25 50,404. 929.68 56,099! 547. 61 40,575! 245.46 36,572! 545. 29 30,895; 429.26 46-, 997;475.50 25,529, 445.03 25,497 538. 00 34,419: 723.52 20,826, 839.85 16,914, 992.22 9,387 I 482,327.40 38,882 399,839,037. 67 166 REPORT ON THE FINANCES. SHIPMENTS OP MONEYS POR FISCAL Y E A R 1901. Registered mail. Month. Number of packages. I July August September October... November December. January... February . March April May June Total ADDITIONAL FACILITIES Amount, Express. Number of packages. 826 829 787 922 905 1,038 1,065 880 941 945 853 826 852,676.47 44,515.20 49.391.71 61,181.42 42,836.13 52,573.70 4 58,34L96 40,921.94 50,213.86 50.224.72 57,402.80 42,436.92 3,134 3,238 3,666 3,448 3,167 3,757 3,683 2,897 3,604 3,566 3,419 3,301 824, 078,20.0.06 . 31,500, 340. 31 32,496,295.84 31,037,474.47 22,530,216.,26 29,930, 681.03 • 28,290,513.65 19,404,918.38 25,953,995.91 28,032,249.31 23,655,376.72 22,399, 215.44 10,817 i 602,716.83 40,880 319,309,477. 38 FOR PRODUCTION. The growth in the demand illustrated by these figures, so large and so continuous, has been fully recognized b}^ the Department, and the production of notes and. certificates has been increased in a degree intended to be adequate. The receipts of paper currenc}^ by the Treasurer's office from the Bureau of EngraAdng and Printing are in packages of a thousand sheets, upon each of which are four notes or certificates. Of such packages the receipts each da}^ in Jiil}^, 1897, were 56, and this was the normal number, Avith exceptional deliveries as low as 48, and in April, 1899, as high as 73, up to Januaiy, 1900, Avhen they became 64 a day. Earty in 1900, in order to provide a supply for current use and to gather a fair reserve, Avork was required in the Division of Issue by night as Avell as b}^ day, and the receipts Avere carried up, as the Bureau of Engraving and Printing was able to deliA^er, starting Avith a normal standard of 64 packages, b}^ gradual steps, to 120 packages from March 14, 1900, to April 26 of that year. This strain on the Bureau and the Treasurer's office was relaxed gradually, in the belief that the exigencies of the situation had been fairly met, so that by July 1,1900, the receipts were adjusted to a basis of 64 packages dail}^ The number fluctuated betAveen 64 and 56, but in February, 1901, the pressure for small notes became more intense, and 72 packages a day were called for. The estimates for production, ahvays meant to be liberal, Avere repeatedly outrun by the demand, which at the beginning of the ncAV fiscal year, in spite of all efforts to meet it, took on much greater proportions. Under such necessities the Secretary of the Treasuiy directed the use of the full capacity of the Bureau of Engraving and Printing, and in July, 1901, the Treasurer's Division of Issue Avas asked to turn out 88 packages a day. NCAV presses and separators were ordered for the Treasurer's pffice, to be available about December 1, and provision was made for the deliA^ery of 136 packages a day. The urgent call from the country has compelled the paying out of notes and certificates as fast as they came from the Bureau of Engraving and Printing and the presses of the Treasurer's office. This has interfered seriously Avith the effort to proAdde a surplus both in that - TREASURER. 167 Bureau and in the Treasurer's office, so that the currency may dry and ripen before use. Such a reserve is called for, in order that the notes and certificates may justify b}^ their appearance the costly work laid out upon them, and may last in circulation for a longer period than they do under the present rush and haste. But efforts to create the reserve have been offset by the imperative requirements of the current business of the people. Thus the production has been forced up by the needs of business from a normal annual aggregate of 67,872,000 notes and certificates in 1897 to the rate of 77,568,000 a year in the early part of the calendar year 1900, which'was greatly exceeded in the latter part of that year. The rate of 106,656,000 was established in the summer of 1901, and as it has been found unequal to the daily demands, arrangements for the calendar year 1902 contemplate the production of 164,832,000 notes and certificates. The generous support of Congress will be essential to sustain this work for the convenience of the business community and the interests of the Government. RETIREMENT OF TREASURY NOTES. On the passage of the act of March 14,1900, the Treasury notes outstanding Avere $86,770,000. They stood at their maximum $153,550,280 NoA^ember 14, 1893. Under the new financial laAV as fast as standard silver dollars have been coined from the bullion of 1890, such notes haA^e been retired and canceled as they have reached the Treasuiy. Bv the close of that fiscal year the retirement amounted to $10,743,000 and to June 29, 1901, to $28,244,000 additional. By November 1, 1901, the outstanding Treasuiy notes fell to $41,434,000, so that the sum retired and canceled since March 14, 1900, reached $45,336,000. To fill the place, silver certificates to the amount of $41,200,496 were issued and $4,135,504 was added to the standard dollars in general fund. REDEMPTION OF NATIONAL-BANK NOTES. The average amount of national-bank notes outstanding during the fiscal year was increased $79,590,511, from $260,293,746 to $339,884,257, and the redemptions during the year amounted to $147,486,577, an increase of $50,503,970 as compared Avith $96,982,607 in the preceding year. The increase in the average amount of notes outstanding was 30 per cent; in the amount redeemed it was 52 per cent. These redemptions have been exceeded but once in twenty-two years;, and then only by $2,722,552 in 1885. The notes received from New York City amounted to $81,263,000, or 55 per cent, and from Boston $19,467,000, or 13 per cent of the receipts. The smallest redemptions in any month Avere $8,443,067, in October; the largest were $19,482,754, in Januaiy. The redemptions for the year were composed of 13,691,129 notes. The average value of the notes redeemed Avas $10.77. The restriction in the^act of March 14,1900, to the issue of $5 bank notes is still having tlie effect to raise the average A-alue of banknotes. -In thefisoal year 1900 the average A-alue of the notes redeemed was $9.84. The amount of redeemed notes assorted was $147,727,385. Of these, $57,668,715 fit for use were forwarded to the respective banks of issue, $71,432,232.50 unfit for use were delivered to the Comptroller of the 168 REPORT ON THE FINANCES. Currency for destruction and reissue, and $18,626,437.50, the notes of banks whose circulation was being retired, were delivered to him for destruction. No larger sum of notes fit for use has been assorted and forwarded in any year since 1879. Deposits of laAvful money to retire national-bank notes amounted to $13,657,275, and the fund in the Treasuiy for this purpose was reduced from $35,147,878.50 to $29,404,309.50. The expenses for the year were $146,236.18. The increase of $23,252, as compared with the expenses for the preceding year, was more than offset by the increase in the charges for transportation incident to larger redemptions. The rate of expense was 99.56 cents per $1,000 of notes assorted, being 37.81 cents for transportation, and 61.75 cents for all other purposes. All previous rates exceed that for this year; the smallest rate heretofore made was $1.0659 in 1894 and the largest was $2.6942 in 1881. During the first three months of the fiscal year 1902 there Avas $36,507,691 in national-bank notes presented for redemption, an increase of $1,092,540 OA^er the corresponding period in 1901, when it was $35,415,151. The redeemed notes, assorted and delivered, amounted to $33,831,892, and the balance of notes on hand September " 30, in the various stages of assortment, was $8,618,818. The balance on the corresponding date in the previous year was $8,138,809. Fresh cash deposits of $3,516,870 for the retirement of national-bank notes, and the retirement of $3,325,840 of such notes, resulted in an increase of $191,030 in the balance to the credit of that fund on September 30, when it was $29,595,339. While the daily average balance of redeemed national-bank notes in the cash during the year was $7,014,604, an increase of $2,911,288 as compared with the dail}^ average balance of $4,103,316 in 1900, the notes presented for redemption were paid for as promptl}^ as in prcAdous years. Checks on subtreasuries issued in pa3^ment of redemptions were forAvarded by mail the same day the notes Avere received, and when payments were desired in currency they were made by express the day after the receipt of the notes. This promptness is believed to meet the most rigid business requirements. The lowest balance of redeemed national-bank notes in the cash during the year was $4,481,067 on December 3, and the highest was $11,429,311 on Februaiy 2. In the year 1900 the lowest and highest balances were $2,863,269 and $6,787,132 on August 17 and June^30, respectiA^ely. A table showing the average amount of national-bank notes outstanding and the redemptions, by fiscal years from 1875, and one showing the percentage of notes receiA^ed from the principal cities and other places, by months, from July, 1874, appear, for the first time, in the appendix. THE SUFFOLK SYSTEM AND THE NATIONAL-BANK REDEMPTION AGENCY. Comparison is sometimes suggested between redemption under the Suffolk system, which prcA^ailed in NCAV England, with its center in Boston, and that under the national-bank agency in the Treasurer's office. The conditions differ so radicallj^ that the two s^^stems do not belong in the same class. The former was local; the latter is continental. TREASURER. 169 The Suffolk bank began b}^ bujdng at a discount notes issued by banks outside of Boston. It charged one-tenth of 1 per cent on New England notes received from New York State. A permanent deposit of $2,000 or more was required from ail institutions as a condition upon which they could receive their own notes at the same discount as that at which they were purchased. For redemption, notes had to be put up in two packages for presentation, one containing those of Boston banks, the other those issued outside of that city. The maximum number of institutions for which the Suffolk Bank redeemed was 500,andin 1857 the redemptions amounted to $400,000,000. The rotation was therefore direct and active. Settlement was made in large partA\dth Boston agents of the respective institutions, and for Rhode Island at Providence onl}^ There seems to haA^e been return to the home bank only in case it failed to provide for redemption in Boston. Thus the transactions were simple, with a limited number of banks, Avithout complications. Very different is the task of the national-bank agency. I t dealt last year with 5,874 banks in all parts of the countiy. They included 1,691 of which charters were surrendered and were in liquidation. Some of the notes of the active banks were fit for use and were sent home, and had to be separately treated, and of these there were last year 38,169 packages, while 93,660 packages were sent to the Comptroller of the Currency, and of these 57,181 were for reissue and 36,479 for retirement. All other paper it was necessaiy to assort into distinctive lots, and because there are notes of the old series and the series of 1882 the work is multiplied. The money packages receiA^ed in twelve months numbered 18,258. These figures illustrate the complexity of the transactions of the agency. Yet the total annual redemp tions never exceeded those of 1877, which Avere $242,885,000, and since 1885, when they were $150,209,000, they Avere never so high as in 1901. No relation of percentage of expense can be possible between the two systems. The cost of the agency includes transportation of the notes from banks and subtreasuries to Washington, and for sending home those fit for use. With these items covering often great distances, and the varied operations mentioned, the expense for each $1,000 redeemed has been brought in the fiscal year just closed to 99.56 cents, and less than one-half of the rate in each of four years in the history of the agency. MOVEMENT OF STANDARD SILVER DOLLARS. The shipments of standard dollars reached the maximum as usual in the fiscal year 1901, in September and October, and the amount outstanding in December at $76,182,326. This fell in July to $66,587,893. By months the shipments are compared,for 1900 and 1901 and the first quarter of 1902. It will be seen that the first quarter of 1901 shows a slight increase over that of 1900, and the first quarter of 1902 a somewhat larger increase OA^er that of 1901. The increase in 1901 over the preceding fiscal year was 5.66 per cent. The details are presented by months: 17Q REPORT ON THE FINANCES, Month. 1900. July.. August . September First quarter October November December January . February March April May June 82,336,067 . 4,059,115 6,034,389 . . . . -:.. Total 1902. 1901. 82,668,935 3,937,862 . 6,094,]38 82,231,763 3,573,034 6,669,105 812,429,571 5,199,996 3,720,595 3,142,720 1,399,641 I,948,820 . 2,151,493 1,747,039 2,183,075 2,361,841 812,473,902 6,523,447 3,637,964 3,404,412 1,410,585 1,913,060 2,079,102 2,145,890 2,367,562 2,382,595 812,700,935 . 38,338,519 36,284,791 In order to serve the movement of the Southern crops, standard dollars were given for gold and other currency in New Orleans in September and October, 1901, to the amount of $2,250,000, and for deposits of gold in New York, silver dollars were shipped to various Southern points to the amount of $2,000,000. The Department held a fair supply of the sih^er dollars, and was able to make this concession without inconvenience. ^ The difference of nearly $10,000,000 between the sum in circulation in December and July can not be regarded as due to natural conditions. The explanation is found in the law which permits the free transportation of these coins to applicants, who turn them into the Treasuiy again when the excess becomes burdensome. Complaint has more than once been presented to the Department that certain banks take advantage of this free transportation to secure standard dollars, not for business purposes, but to pay to rival institutions to annoy them and put them to the cost of forAvarding the coins for redemption. As the standard dollars are legal tender, the creditor bank can not refuse to receiA^e them. Such a Adolation of banking comity would be impossible if Congress Avould repeal the proA^ision making the cost of transportation of standard dollars a charge on the Treasuiy. The standard dollars presented at the Treasuiy offices for exchange show an increase of 9 per cent in the past fiscal year over the preceding tAvelve months. The details are for two fiscal 3^ears and the first quarter of 1902: Fiscalyear—. Offices. Washington Baltimore Nevv Y o r k . Philadelphia Boston Cincinnati Chicago St. L o u i s New Orleans San Francisco Total . . .. : ; . 1902, first quarter. 1900. 1901. 81,122,897 1,464,150 6,698,710 3,004,047 1,731,910 2,994,403 7,263,289 6,828,238 3,344,300 1,944,427 81,426,198 1,631,600 5,893,702 2,861,7261,623,430 3,306,530 8,705,483 7,844.509 3,710,190 2,721,553 8242,969 283,290 1,461,195 725,690 1,226,060 797,050 1,946,460 1,580,498 689,000 886,421 36,396, 371 39,724,921 9,838,633 171 TREASURER. MOVEMENT OF SUBSIDIARY COINS. The demand for subsidiary silver coins led to shipments during the past fiscal year 6.94 per cent in excess of those in 1900. The amount in" circulation June 30, 1900, was $76,294,050, and a year later $79,700,088. There is no such reflux of these coins into the Treasuiy as of standard dollars. The increase goes on with A^eiy slight breaks, not quite so rapidly last 3^ear as in the preceding months, and the countiy retains pretty much all of such silver that is put out from the mints. ' These shipments during the periods stated do not show large differences, as this table proA^es: Month. 1900. July August September 81,561,718.60 2,224,219. 60 2,837,138. 90 First quarter . . . October. November December January February March April May June Total 1901. 1902. 81,547,118.80 2,085,455. 90 2,865,477.70 86,623,077.10 81,810,156.40 2,172,351.20 2, 680,992.90 86,498,052.40 2,329,173.60 1,746,795.20 1,645,202.70 763,406.80 1,059,368.45 1,202,911.90 1,227,198.60 1,479,984.40 1,630,783.80 2,663,71.8.10 2,008,356.90 2,252,147.70 782,015.10 1,052,911.60 1,187,533.40 1,357,994.50 1,555,369.60 1,717,047.55 19,707,902.55 21,075,146.85 86,663,500.50 REDEMPTIONS OF SUBSIDIARY COINS. The redemptions of subsidiary coins ran up 15\ 3 ]3er cent last year, partly because the supply of ncAV silver of this sort Avas adequate to business needs and the worn coins Avere turned in more freely. In the first quarter of 1902 as compared Avith that of the preceding year, there Avas an increase of 12.3 per cent. The statement by offices follows: F i s c a l year— Office? Wa.shington... Baltimore New York Philadelphia Boston Cincinnati Chicago St. L o u i s New Orleans San Francisco Total ... . - - - ... 1892, first quarter. 1900. 1901. 81,690,084 2,126,800 13,506,645 4,511,150 1,294,610 1,338,460 3,499,270 2,234,575 570,905 1,526,067 81,892,687 2,330,380 15,150,184 4,884,326 1,308,110 1,600,049 4,285,076 2,950,635 1,191,090 1,676,348 8358,803 543,940 4,085,754 1,215,193 385,260 392,475 955,308 839,945 252,960 290,345 32,298,566 37,268,885 9,319,983 Subsidiary silver used in ordinaiy payments and given in exchange for other kinds of currency during othe fiscal year 1901 amounted to more than $20,000,000. 172 REPORT ON T H E FINANCES. MINOR COINS. Of the minor coins the statement in the annual report of this office for 1900 showed, at the close of that fiscal year, the folloAving condition: Remelted. Coined. One-cent bronze Five-cent nickels .... Total 810,072,316.59 17,991,298.10 • 28,063,614.69 . Outstandiiig. • 8119,423.64 1;362,974.60 89,952,892.95 16,628,323.50 19482,398.24 26,581,216.45 By the courtes}^ of the Director of the Mint an Exhibit, more in detail, of these coins at the end of June, 1901, is presented: Denomination. Coin. Copper cents Copper half cents Copper nickel cents. Bronze cents Bronze 2-cent pieces Nickel 3-cent pieces. Nickel 5-cent pieces. Total Remelted. 81,562,887.44 39,926.11 2,007,720.00 10,727,871.02 912,020.00 905,768.52 19,335,403.75 8379,357.97 35,491,596.84 2,555,126.46 Outstanding June 30,1901. 795,733.11 136,888.14 337,378.72 276,602.86 629,165. 66 81,183,529.47 39,926.11 1,211,986.89 10„ 590,982.88 574,641.28 629,165.06 18, 706,238.09 32,936,470.38 MOVEMENT OF MINOR COINS. The movement of minor coins for three years and the first quarter of 1902 will be found below, shoAving a large increase in 1900, with a falling off in the succeeding year. The greater expense of transportation for the smaller amount is due to the fact that shipments were larger to distant points. F i s c a l y e a r 1899.' Office. Amount. Washington Baltimore Boston Chicago Cincinnati New Orleans New York Philadelphia... San Francisco St. L o u i s Mint, Philadelphia E x p e n s e of transportation. 81,238.60 879,000 9L75 8,075 91,915 918.15 350,757 5,823.03 221,440 2,490.90 478.91 35,720 4,400.50 440,519 177,450 , 1,774.50 5.85 290 4,950.93 245,794 4,185.98 276,023 Total 1,926,983 26, 359.10 F i s c a l y e a r 1900. . Amount. .Expense of transportation. F i s c a l y e a r 1901. Amount. 825,875.00 14,570.00 64,910.00 162,729.60 90,855.00 19,280.00 493,860.00 65,289.90 12,530.00 77,584.30 2,147,487.21 8357.85 819,731.96 176.50 16,455.00 649.10 67,040.00 2,431.28 .36,466.59 939.05 61,500.00 185.70 . 73,620.00 4,951.30 245,910.00 758.55 31,165.00 167.40 42,105.00 . 1,307.38 208,775.00 44,796.90 2,151,210.92 8282.' 37 197.05 670.65 546.39 624 30 ],087.90 3,169.10 3,252.15 534.05 3 708 72 44,059.10 3,174,971.01 56,721.01 58,131.78 First quarter of 1901. 2,953,979.47 First quarter of 1902. Expense of transportation. Office. Expense of transportation. A^^ashington :. Baltimore , Boston Chicago. Cincinnati , New Orleans New York Philadelphia San Francisco St. Louis Mint, Philadelphia 810,844.80 . 4,380.00 17,180.00 33,060.00 . 15,680.00 20,770.00 124,860.00 23,590.00 15,320.00 54,020.00 556,328.00 8157. 54 86,700.00 56.30 6,790.00 174. 55 32,055.00 488.50 250.00 158.30 25,295.00 318.00 21,035.00 1,248.60 65,855.00 543.90 220.00 • 197.70 19,935.00 1,050.75 73,900.35 9,868.42 465,900.00 Total.. ^ 876,032.80 14,262.56 , E x p e n s e of transportation. 717,935.35 889.20 75.15 320.65 5.75 261.15 304.65 708.80 2,602.40 239.91 1,430.55 9,182.22 15,220.43 173 TREASURER. REDEMPTION OF MINOR COINS. The minor coins redeemed were more in 1901 than in the preceding year, and more in the first quarter of 1902 than in the corresponding months of 1900 or 1901. The details follow: Fiscal year— Office. Washiugton Baltimore . . . . N e w Y o r k .• Philadelphia Boston Cincinnati Chicago St. L o u i s .. N e w O r l e a n s . .• San Francisco '. .. • Total ^ . . 1902, first quarter. 1900. 1901. 8202,682 468,810 1,740,565 515,324 94,140 191,487 207,654 152,361 400 15,654 8219,529 517,790 1,883,383 585,742 120,170 225,530 312,044 243,864 30,240 21,957 858,905 147 790 499,911 141,339 44,200 59,045 86,890 68,905 19,130 7,079 3,589,077 4,160.249 1,133 194 RECOINAGE. The coins abraded and unfit for use transferred to the mints for recoinage were less in all kinds during the past year than during the twelve months preceding. This probably indicates that the metallic currenc}^ is in better condition than heretofore, for the.volume in circulation is greater by $19,053,192. The denominations are here recited: GOLD, SILVER, AND MINOR COINS RECQINED IN T H E ' F I S C A L YEARS 1900 AND 1901. 1900. 1901. Denomination.Face value. Double eagles Eagles Half eagles Quarter eagles Three-dollar pieces One-dollar pieces . . 8187, 860.00 96, 950.00 115, 155.00 3, 217.50 12.00 16.00 Total gold . . . 403,210.50 Half dollars Quarter dollars Twenty-cent pieces Dimes Half dimes Three-cent pieces.. 2,172,074.00 2,025,734.50 702.80 1,055. 170.10 2. 704.40 235.35 Total silver . . Minor coin... Aggregate . . . Loss. 5,256, 621.15 Loss. 8167,420.00 79,990.00 159,035.00 6,592.50 180.00 109.00 82,918.03 413,326.50 83,257.48 1,724,528.00 1,273,399.75 92. 60 827,959.70 1,579.65 181.30 300,943.07 3,827,741.00 219,296.09 96,007.75 158,801.00 5,818,632.65 Face value. 303,861.10 4,337,075. 25 222,553.57 174 REPORT ON THE FINANCES. SPURIOUS ISSUES. The counterfeit coins and paper currency detected at the Treasuiy were $436.45 in amount more than in the year before. They were: Silver coins. Denomination. 8388.70 1,045.75 1,726.00 2,540.00 Ten cents Twenty-five cents Fifty cents One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Total 5,700.45 United States notes. 810.00 20.00 250.00 290.00 880.00 700.00 600.00 2,750.00 Treasury Nationalnotes of bank 1890. . notes. 81.00 46.00 25.00 30.00 854.66 420.00 620.00 500.00 50.00 200.00 102. 00 1,844.00 Silver Fraccertifitional cates. currency. 88.66 80.20 12.50 302.00 8388 90 1,058.25 2,028.00 2,559.00 304 00 815.00 1,500.00 1,380.00 750 00 800 00 314.70 11,583.15 184.00 120.00 560.00 872.00 Total. —-t^ The total number of 1-cent pieces thrown out during the year was 163,918. In 1900 the total was 121,652. The number of 5-cent ni^ckel pieces was 3,333, as compared with 3,277 in the previous year. Nineteen counterfeit gold coins and seven compound-interest notes were rejected at this office. PORTO RICO TARIFF FUND. By the direction of the Secretaiy of the Treasuiy, under the act of April 12,. 1900, a special account Avas opened with the Porto Rico tariff fund. The collections under section 3 of that act, deposited with the Treasurer, amounted, July 24, 1901, to $609,937.33. On that date the .President of the United States allotted and set apart this fund for public and permanent improvements in Porto Rico, as set forth in the actof Congress approved March 24, 1900; and as directed by the Secretary of the Treasuiy, this sum was placed in the New York office to the credit of the treasurer of Porto Rico, San Juan. Subsequently to this transfer, and before October 1, collections were deposited in this fund to the amount of $32,681.97. TRUST FUNDS—CENTRAL PACIFIC RAILROAD. • 0 . ^ By July 30,1901, the notes of the Central Pacific Railroad Company, held by the Department, were reduced to $39,369,562.52, with first mortgage bonds of that company as collateral for $39,370,000. SPECIAL TRUST FUNDS. The Treasurer, as custodian, has in keeping the folloAving State securities transferred to the United States by act of Congress approA^ed August 15, 1894, which Avere formerly held for the Secretaiy of the Interior for the Indian trust fund:. 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.... „,....'' . $37,000. 00 58,000. 00 335,666. 661 581, 800. 00 13,000. 00 125,000. 00 132,000. 00 1,282,466.661 TREASURER. 175 . United States bonds are held b}^ the Treasurer under specific provisions of law as follows: American Printing House for the Blind, 4 per cent Manhattan Savings Institution, 4 per cent North American Commercial Company, 2 per cent |250, 000 75, 000 50, 000 Total Captured bonds of the State of Louisiana held for the Secretary of War . . . 375,000 545, 480 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. The net reduction of the bonded debt during the year was $22,950 and of the annual interest charge $953.42. Since the close of the fiscal year the debt has been reduced by the purchase of bonds for $12,250 and the water-stock bonds for $319,000 maturing October 1, 1901. From July 1, 1878, when the Treasurer assumed charge of the sinking funds and funded debt of the District, to the close of the fiscal ^year 1901 there have been issued 3.65 per cent bonds for $1,226,050, and by the operations of the sinking funds and otherwise there has been a net reduction of the debt of $7,038,300 and of the annual interest charge of $442,166.89. The total amount of the bonded debt outstanding June 30. 1901, Avas $15,068,350. Of this sum $14,205,650 consists of 3.65 per cent bonds. These bonds command a premium in the market of 25 per cent, and at this rate would onlj^ net to the sinking fund about 2.25 per cent, while the law contemplates an increase to the sinking fund of 3.65 per cent per annum. At the close of the fiscal year 1901 the 10 per cent guaranty fund held for account of District contractors amqunted to $294,879.30, and was credited to 117 separate contracts. Of this sum $263,962.67 is invested in bonds purchased at the request and risk of contractors. The receipts for account of the police relief fund during the year were $39,529.81, and for account of the firemen's relief fund $13,683.96. These sums were deposited in the Treasuiy in monthly installments, subject to the requisition of the District Commissioners. The securities of the District in the care and custody of the Treasurer are: 3.65 per cent bonds (unsigned) Bonds for account of District contractors Chesapeake and Ohio Canal bonds . Total $2, 923, 450 225, 730 84, 285 / 3, 233,465 THE APPENDIX SHORTENED. For many years the tables in the appendix to the Treasurer's report have covered the whole period from 1878. This year they begin for monthly statements with Januaiy, 1890, and for statements by years with the fiscal year 1890. For general purposes these figures are believed to be adequate, while financial students who Avish to examine earlier statistics will have little difficulty in referring to the reports preAdously published. Some new tables have been added which i t is believed will be of interest. 176 REPORT ON THE FINANCES. The economy in space and in cost of printing more than offsets any apparent inconvenience from the elimination of remote years, while the shorter tables bring the more recent statistics into prominence and admit additional figures Avithout the distractions of a wilderness of columns which have passed into histoiy. The business of the Treasurer's office continues to grow, with intervals of reduction, as immediately after the issue of the consols of 1930, and varies Avith the changes in the demands for currenc}^ and in the redemption of notes and certificates and the deposits and transfers of money. This groAvth has compelled an increase in the force from 341, June 30, 1900, to 365, November 1,1901. Some glimpse of the transactions ma}^ be gained from this summary: I;ETTJI:RS R E C E I V E D . Letters Letters Letters Letters Letters received by open mail 1 received by registered mail received containing bonds, currency, etc referred to other bureaus briefed and recorded •. 158, 407 23, 327 11, 081 6, 397 30,239 LETTERS SENT AND SIGNATURES ATTACHED. Letters sent by open mail ^ 226, 247 Interest checks mailed ' 249, 855 Letters sent by registered mail ' 13, 527 Letters and forms bearing autograph signatures 37, 629 Autograph signatures to Avarrants, transfers, checks, requisitions, receipts, and bonds 369, 424 Forms bearing printed signatures, etc., mailed 271, 577 Printed notices mailed . 291,148 Value of registered letters sent | 8 , 673, 674. 80 Value of registered letters received |13,901, 996. 02 Signatures of Treasurer United States, account sinking fund, office Districtof Columbia •. . 2,643 Blank checks issued to disbursing officers 76, 755 The tasks and responsibilities of the office have been smoothed and lightened by the zeal, the diligence, the lo3^alt3^, and the abilit}^ exhibited in the heart}^ cooperation of every person in the office, and it is a pleasure to record this acknowledgment due to each one of them. Respectfully, E L L I S H . ROBERTS, Treasurer of tlie United States. Hon. LYMAN J. GAGE, Secretary of the Treasury. APPENDIX. ]Vo. 1 . - R E V E N U E S AND E X P E N D I T U R E S F O R T H E F I S C A L YEAR BY W A R R A N T S I S S U E D . Account. Revenues. Expenditures. Customs Internal revenue Lands . Mi .s cell an eon 3 I n t e r i o r civil Treasury proper . . . Diplomatic ... '. $238, 585, 455. 99 307,180, 663. 77 2, 965,119.65 38, 954, 098.12 $670, 568. 94 140, 803.49 $70, 450.19 301. 65 18,739, 784. 09 58, 787,190. 75 3, 317, 900. 35 5, 929, 954, 40 144, 615, 697. 20 60, 506, 978. 47 10, 896, 073. 35 139, 323, 621, 99 32, .342, 979. 04 155, 408. 63 5,124,483.74 74,444. 80 358, 058. 01 13, 745, 740. 87 592,197. 51 399, 382. 00 2, 835, 933. 32 1,125,468. 99 21, 828. 80 530,106.49 36,172.40 3, 362. 35 1, 859,144.18 18,719, 523.44 94,165. 58 23.30 29.00 509, 967, 353.15 14,649,572.95 552,446,126.28 25, 222,490. 30 21,335,107.38 1,146, 489, 306. 03 1 077. 0 6 3 . 0.^2. 3 8 25, 222, 490. 30 21, 335,107. 38 W ar Navy Interior—Indians Interior—Pensions Interest Aggregate No. Repayments from u n e x - C o u n t e r c r e d . its to approp e n d e d appriations. propriations. $29,516,890.79 5, 990, 282. 72 . Total.-..-. P r e m i u m on b o n d s p u r c h a s e d Publicdebt 1901, AS SHOWN 587, 685, 337.53 . 558, 803, 968. 50 ^ . ^ 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 F O R EACH QUARTER O F THE F I S C A L J E A R 1901, AS SHOAVN B Y W A R R A N T S I S S U E D . F i r s t quarter. Account. Second q u a r ter. Tbird quarter. F o u r t b quarter. Total. REVENUES. Customs Internal revenue Public lands JM'iscellaneous . . $61,297,511,89 $57,484.591. 89 $61,101, 837. 49 $58, 701, 514.72 $238, 585, 455. 99 78, 609,162. 99 78, 036, 405. 28 70, 817, 559. 32 79,717, 536.18 307,180, 663. 77 837, 377. 60 682, 761. 56 700, 206. 40 744, 774. 09 2, 965,119. 65 6, 976, 350. 64 7, 937, 412. 85 11, 221, 752. 67 12,818,581.96 38, 954, 098.12 147, 565, 787. 08 144, 295, 787. 62 143, 841, 355 88 151,982,406.95 \ 587, 685, 337. 53 Total EXPENDITURES. Civil a n d m i s c e l l a n e o u s . . W a r Department Navy Department Interior—Indians Interior—Pensions : Interest 32,156,428.87 48, 659, 759. 62 15, 058, 655. 32 2, 949, 837. 68 36,559,865.18 8, 232, 688. 69 29, 589, 647. 86 35,800,091.95 14, 545, 856. 78 2,910,145.59 35, 399, 775. 07 11,204,182.38 31, 501, 563. 07 30,190, 774, 09 15, 396, 006. 89 2, 927, 538. 97 34, 585, 083. 30 5,154, 558. 62 29, 034, 29, 965, 15, 506, 2,108, 32, 778, 7, 751, 363. 30 071. 54 459.48 551.11 898. 44 549. 35 122, 282, 003. ]0 144,615,697.20 60, 506, 978.47 10, 896, 073. 35 139, 323, 621.99 32 342,979.04 143, 617, 235. 36 129, 449, 699. 63 119, 755, 524. 94 117,144, 893. 22 1 .509. 967. 3.53.1.5 Total ' ' No. 3 . — R E C E I P T S AND E X P E N D I T U R E S ON ACCOUNT O F THE P O S T - O F F I C E D E P A R T M E N T F O R T H E F I S C A L YEAR 1901, AS SHOWN B Y W A R R A N T S I S S U E D . By wbora handled. The Treasurer. Postmasters . . . Total. EI 1901- -12 Deficiency apReceipts from postal revenues. propriation. Total receipts. Expenditures. $48, 428, 526. 79 63,103, 514. 94 $5,001,345.17 $53,429, 871. 96 63.103, 514.94 $52,031,268.30 63,103, 514. 94 111,532,041.73 5, 001, 345.17 116, 533, 386.90 115,134, 783. 24 177 178 No. REPORT ON THE FINANCES. 4 . — 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 THE TREASURY IN WASHINGTON Gold. coin. FOR THE Standard silver dollars. FISCAL YEAR Subsidiary silver. 1901. United States notes. Treasury notes. RECEIPTS. Customs Internal revenue Miscellaneous D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers Standard silver dollars Subsidiary silver M i n o r coin G o l d certificates Redemption and e x c b a n g e . Issues Total. 6,574 $36, 902 $512, 547 41,767 1, 805 52 148,431 4,479 98 2,879 188,004 4,757 306 7,536 175,516 '35 10 2 2, 211,471 554, 290 47,458 93, 667, 786 28,147 197,600 20,103 261,521 1,426,198 1,892, 687 13,798,219 91, 680, 000 5,239,281 490,435 1, 658; 560 2,080, 910 202,717,621 28,327,260 240 9,844 12, 697 5,510 1,398,438 285 34, 264 22, 698, 676 341,768 11,431 940 DISBURSEMENTS. Warrants and cbecks 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 excbange: Gold coin S t a n d a r d s i l v e r dollars . . . Subsidiary silver United States notes T r e a s u r y n o t e s of 1890 . . . National-bank notes G old certificates S i l v e r certificates M i n o r coin Redemption and destruction . FiA^e p e r c e n t f u n d Total. 52 4 20,181 049 4, 232 41,702 822 83, 236. Account. 183 5,115 6,082 8, 563 122 746 1,585 1, 433, 531 NationalGold b a n k n o t e s . certificates 16 246,807 22 510, 996 2, 973, 831 29, 943, 681 535, 051 63,950, 889 31,975 704 • 198 690,663 13, 232 171,090 181,149 26, 328 1,895 840 1, 064, 552 7, 517, 375 1,128, 615 8, 285,148 149, 433 78,560 205, 900 91,680,000 28,244,000 1,873,240 208,115, 770 28, 244, 000 Silver certificates. Minor coin, Total. RECEIPTS. Customs Internal revenue Miscellaneous D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers S t a n d a r d s i l v e r dollars Subsidiary silver M i n o r coin G o l d certificates Redemption and excbange . Issues .' Total. $134, 500 $257, 003 $14,600 1, 476, 020 1, 573,442 150 138, 631 230, 487 65, 295 221,418 29, 776 23, 995,197 57, 658, 887 148, 992,198 9,495 154, 781 104,] 31 15,964 1,610 5, 519 1,710 . 100 122, 918,355 1,620,335 30, 225, 726 61, 260, 000 200, 852, 000 147,020, 766 122,319,909 382,616,705 $12 $978,499 354 5, 326, 890 33 925, 800 925 409, 603 13, 833 347, 538, 528 534, 226 331,031 28, 374 219, 529 177,601,901 353,792, 000 234,686 887,466, 852 127 15,511 134 19,512 3, 618, 743 51, 927, 451 560, 022 222, 734,987 DISBURSEMENTS. W a r r a n t s and cbecks 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 excbange: G o l d coin Standard silver dollars . . . Subsidiary silver IJnited 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 Redemption and destruction . F i v e p e r ceut fund Total 602,560 41,969 13,615,500 8, 083, 411 14, 350 10, 465 52,140,150 104,709,492 193, 687 18, 626, 438 129,100, 946 28,034 1, 369, 372 28,170 49, 417 102, 047 4, 258, 330 113, 280 3, 970, 636 1, 640, 465 47,198, 970 51, 530 1,171, 096 154,730 29,961, 017 5, 425 53,449,490 181, 853, 000 147,727,384 |l22,105,959 382, 710, 634 5,747 395 261,521 1, 376, 538 1, 742, 341 136, 459 12, 731,137 4,307 5, 239, 282 8,794 57, 308, 821 24,727 I, 620, 383 2,683 30, 225, 725 224 211,549 373, 852, 928 129,100, 946 218, 620 892, 512, 374 179 TREASURER. Wo. 5.—RECEIPTS AND DISI3URSEMENTS O F EVVCH K I N D O F M O N E Y ON ALL ACCOUNTS AT THE SUBTREASURY JN BALTIMORE FOR T H E FISCAL YEAR 1901. Account. Gold coin. Standard silver dollars. Subsidiary silver. United States notes. Treasury notes. RECEIPTS. $45,443 5 Internal revenue Miscellaueous Disbursing officers Post-Office Department Transfer.s Standard silver dollars Subsidiary silver Minor coiu Gold certificates Redemption and exchange Issues .. .. 6,i64 5, 223 3, 210, 684 . $15,343 •6 ' 283 221 2,090 $770 23 184 333 1, 602 107,418 $2, 046,829 10,182 9, 044 261, 882 169,449 9,435,035' $43, 459 354 1 726 20,819 16, 865 120,891 27,550 2 175 -• 10,190 800 3, 330, 000 2, 951, 756 ^ 1, 631, 600 2, 330, 380 4,154, 044 421,165 9, 560, 265 1, 649, 543 2, 440, 710 16, 205, 913 655, 004 54, 400 19,980 20 3,601 426 6, 577 758 564,395 2, 248, 076 4, 876, 672 3,576,420 6, 040, 020 160, 000 • Total 111,328 8,120 DISBURSEMENTS. W^arrants a n d c h e c k s . . . . 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 colli S t a n d a r d s i l v e r dollars Subsidiary silver. United States notes T r e a s u r y n o t e s o f 1890 ISTationai-bank n o t e s Gold certificates Silver certificates . . . . M i n o r coi u Total - . Account. 5,119,800 20, 397 11, 000 675 500 30, 000 61 2, 856, 555 51, 015 • 5, 927, 050 79, 514 200 620,193 615,159 .1.2,204 875, 830 38, 680 118, 212 1,128, 090 556, 732 217,185 31, 234 37,607 354, 270 8,909,020 5, 823, 369 2, 252, 638. 17,225, 072 Nationalb a n k notes. Gold certificates. Silver cerM i n o r coin. tificates. 717 734 Total. RECEIPTS. Customs Internal revenue Miscellaneous Disbursiug officers Post-Office Department . . . Transfers. Standard silver dollars. Subsidiary silver Minor coin Gold certificates Redemption and exchange Issues Total $793, 750 1, 910 7,070 19, 030 25, 060 3, 025, 870 1,000 15,590' 1, 640 .$387, 557 6,903 47, 899 264, 909 233, 528 5,291,992 210, 750 73, 237 6,560 $37 2 22 18 263 33, 255 906, 275 6,041,020 3,330,000 3, 376, 259 517, 790 3,138,728 13,261,940 9 899 594 F,^^ S«7 57, 363, 084 7,129, 000 17,292 425, 805 21,112 5, 536, 007 23 536 • 44 21,815 2, 5 1, 26, 961 1,641,159 43, 380 88 57 14,948 $3, 090 3,245 190, 130 157,260 1, 749, 453 . 123, 575 5,700 $3, 333,188 22,469 69 196 763 568 609, 471 22, 976, 688 239 300 336, 095 22,820 3, 330, 000 22, 330, 289 3, 330, 000 DISBURSEMENTS. W a r r a n t s a n d eheclcs Post-Office D e p a r t m e u t Transfers C u r r e n c y certificates Redemption and exchange: Gold coin . Standard silver dollars Subsidiary silver U n i t e d S t a t e s n otes sj 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 Total 312, 890 590, 090 231, 760 966, 000 6, 215, 450 1,157, 930 80 2, 347, 971 4,400 157, 710 3, 216, 330 13, 344,450 10, 038, 312 125, 510 29,956 30, 445 75,010 252, 276 433,107 934 261 830,114 052, 537 160, 000 6,281.756 1 641 220 2, 329, 400 4,154, 044 421,165 906, 275 6, 041, 020 3, 376, 259 516, 380 550,563 1 62. 077. .'iSa ' ' 180 No. REPORT ON T H E FINANCES. 6 . — R E C E I P T S AND DISBURSEMENTS O F EACH K I N D OF M O N E Y ON ALL ACCOUNTS AT THE SUBTREASURY I N N E W YORK FOR THE F I S C A L Y E A R 1901. Standard csilver doUars. Gold coin. Subsidiary silver. United States notes. Treasury notes. RECEIPTS. Customs Interual 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 It... Gold b a r s Standard silver dollars.. ' Subsidiary silver M i n o r coin Gold certificates . Redemption and exchang Special c u s t o m s d e p o s i t . Issues Total. $6, 365, 569 $199, 039 23, 340 18, 620 3,143, 668 53,111,631 14, 000 5,600 456 16, 680 116, 619 7, 815, 000 11, 345, 730 $1,310 54 116 247 2,855 499, 220 $12, 789,181 10, 006 263, 587 1, 226, 439 1, 200, 729 39, 865, 995 $138, 640 75 3,432 105, 265 122,009 . 650, 719 181, 200 467,840 29, 535 505, 740 970 145 5, 893, 702 15,150,3.84 113 43, 251,162 10,083,132 81,843,158 I 6,226,496 3.5,'654,100 99, 285, 734 11, 610,127 603,910 4, 172, 290 38,771,000 2,165, 000 327,000 11,340,000 DISBURSEMENTS. W a r r a n t s aud checks .. D i s b u r s i n g officers Transfers C u r r e n c y certificates Redemption and excbange: Gold coin Standard silver dollars. Subsidiary silver United States notes . r.. 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 Total. 433, 870 200 83, 983 1, 357, 499 4,017 180,875 5, 457, 340 ,515 3 84,880 4,800 335, 000 70,184,180 490, 400 678,480 2, 651, 70, 1,101, 5, 382, 661, 6, 650, 000 77, 353,130 Nationalbank notes. 2, 950,162 Gold certificates. 514,940 12, 956, 357 28,138, 370 9, 409,170 2,902, 230 1,825,555' 1,695,506 216, 745 35,533,352 Silver certificates. M i n o r coin. Total. RECEIPTS. Customs Internalrevenue 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 silverdollars S u b s i d i a r y silA^er M i n o r coiii Gold certificates Redemption and exchange Special c u s t o m s d e p o s i t . . . Issues Total. $3, 286 224,074 1,169, 673 1, 249,707 3,138, 359 2,000 239, 887 15,465 1, 310, 855 $128, 536, 590 $10, 406, 057 231, 390 3,777 6,050, 280 135,179 14, 313, 900 2, 255, 787 7,907,760 1,598,933 291, 286, 985 56, 054, 476 1, 912, 830 4, 059, 760 772, 740 2,777, 020 604, 803 50,535 91,124, 095 384.159, 330 15, 560, 000 77, 836, 088 4,293 7, 353, 306 353,726,928 - 10 25 26 33 49, 750 1, 883, 383 33 1,933,325 $158, 436, 451 ' 248,658 6, 676, 693 19, 095,133 12,117, 306 394, 805, 791 53,311,631. 5, 392, 790 5,378,860 868, 421 7, 815, 000 257, 878, 331 384,163, 769 15,560, 000 1, 321, 548, 834 DISBURSEMENTS. W a r r a n t s aud checks D i s b u r s i n g officers Transfers C u r r e n c y certificates Redemption and exchange: Gold coin S t a n d a r d s i l v e r dollars . Subsiduary silver United States notes. . . . T r e a s u r y n o t e s o f 1890 . . National-banknotes Gold certificates Silver certificates M i n o r coin Clearing-house balances Total. 7, 366, 000 7, 366,000 7, 083, 670 630,996,695 16, 351, 500 64, 978 4, 980, 712 75,474,000 18, 622, 475 86. 995 2,125, 868 8, 863, 280 190, 830 5, 817, 657 140 3, 355, 376 144,354 10, 345, 000 13,301,350 177. 851 243,575,176 1,133. 000 61, 019, 952 152 660 929,720,690 | 151,990,981 316 14, 390 364, 062 346, 419 15, 839 209, 355 687,090 227,251 842 10 7, 756, 691 621,189, 815 156,481, 601 2,165, 000 19,160, 730 5,904, 655 15, 082, 365 43,444,309 10,165,193 1,310.855 91,124, 095 77, 713, 761 1, 874, 816 248, 443, 676 1, 867,174 1, 301, 817, 562 181 TREAStlRER. N o . 7 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON ALL ACCOUNTS AT THE SUBTREASURY I N P H I L A D E L P H I A FOR THE F I S C A L YEAR 1901. Account. Gold coin. Standard silver , dollars. Subsidiary silver. United States notes. Treasury notes. RECEIPTS. C ustoms Internal revenue Miscellaneous D i s b u r s i n g o f f i c e r s •' Post-Oflice Dex')artment T r a n sf e r s Standard silver dollars Subsidiary silver M i n o r coin Gold certificates Redemption and exchange Issues Total $2, 537, 550 $14, 342 $901 $6, 705, 436 $117, 083 4,899 2.260 202, 794 4, 089, 003 i, 005 85, 605 893 22 955 116 5,596 330,411 129,147 587, 469 856, 801 11, 659, 423 2 647,407 222, 801 7,327 71 302 22, 681 46, 973 195,100 2, 751 2,508 81, 430 23,335 11,060,000 850, 355 2, 861, 726 4, 884, 326 15, 346, 354 1, 641, 563 18, 851, 626 2, 963, 593 5, 222, 309 36,154, 838 2,107, 288 1, 000 87 000 2, 346,575 . 4, 615, 635 1, 341 13, 304, 238 139, 896 3, 582, 622 1, 631 3,144, 084 • 8, 894,000 DISBURSEMENTS. W a r r a n t s and checks i D i s b u r s i n g officers Post-Ofiice D e p a r t m e n l l^rausfers C u r r e n c y certificates Redemption aud exchange: Gold coin Standard silver dollars Subsidiary silver United States notes T r e a s u r v n o t e s of 1890 Nationai-bank notes Gold certi ficates Silver certificates M i n o r coin Total Account. 30,025 84, 000 2, 230 357 3 3,173,430 47, 785 353, 435 4, 281, 460 687, 765 3,805 16, 494 1,075 426, 048 23,025 723,583 166, 020 288, 207 554 2, 017, OO 'O i 3, 510, 440 3, 657, 360 829, 890 6,000 i93,"506' 254,800 456, 370 15, 616, 910 3, 388,132 4, 935, 763 . 39,298,855 Nationalbanknotes. Gold certificates. Silver cer- M i n o r coin. tificates. 2, 311, 000 Total. RECEIPTS. Customs . . . Internal revenue . Miscellaneous D i s b u r s i n g officer.s Post-Office D e p a r t m e n t Transfers Standard silver dollars Subsidiary silver . Minor coiu Gold certificates Redemption and exchange Issues . . . Total $9, 506, 840 $2,156, 367 $39 $21, 038, 558 $57,181 309, 092 1, 737, 773 2, 347, 922 64, 760 316, 620 808,000 13, 808, 770 70 18 848 34 463,350 110,150 470, 570 184, 500 62, 644 716,793. 493, 561 15,279, 4801 848 400 447,459 119,143 850, 748 29,352,210 26,350, 000 14, 379, 005 585, 742 327, 988 2, 089, 275 4 128 947 47, 562, 038 2, 043, 500 2,112, 769 662 439 11, 060, 000 70, 752, 029 26,350,000 5, 876, 016 80, 662, 270 35, 502, 852 586, 751 187, 927, 543 345,940- 1, 797, 045 3,535,174 7, 330, 245 180, 235 1, 529,150 l,.!i02,000 31, 599, 460 298, 845 1, 803, 648 132,457 18,110, 500 48 4,444 80 149, 815 7, 089, 879 26, 268, 645 5,426,175 67, 563,434 11, 898, 840 39, 4p0 737, 530 2,811,352 112,491 5,500 323 11, 910, 355 2, 867, 926 4, 860,546 15, 332, 354 1, 639, 363 850, 748 29, 352, 210 14, 334,405 585, 884: 188,081,924 DISBURSEMENTS. W a r r a n t s and checks D i s b u r s i n g officers Post-OfficeDepartment Transfers C u r r e n c y certificates Redeinption and exchange: . Gold coin S t a n d a r d s i l v e r dollars Subsidiary silver United States notes T r e a s u r v n o t e s of 1890 Nationai-bank notes Gold certificates . . . S i l v e r certificates M i n o r coin Total 499,010 47,619 24, 685, 000 696, 300 59, 230 3 2,312,250 22, 025 77, 516 10, 728 127,165 26, 230 95, 083 86 5, 889, 978 80, 372, 200 35, 972, 068 497, 018 368, 500 182 No. BEPORT ON THE FINANCES. 8 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON ALL A C COUNTS AT THE SUBTREASURY IN BOSTON F O R THE. F I S C A L YEAR 1901. Account. Gold coin. Standard silver dollars Subsidiary, silver. United States notes. Treasury notes. RECEIPTS. Customs $74,995 $168,746 Disbursingofficers Post-Office Department 861 887 38,000 202, 408 3,354 146 4, 760 13, 491 20 ^ 713,334 1, 623, 430 1, 308,110 87, 044 644.013 840, 77413, 321, 538 2,400 353,210 14, 950 2,114, 379 1, 010,505 1, 811, 927 1, 719, 754 27, 774, 338 60, 530 63, 370 5,907 38,362 3,959 1, 550, 500 1,168 14,570 882 1, 313, 462 6, 030, 420 11, 953, 200 1, 004, 830 5,424, 010 420, 000 Minor coin Redemption and excbange . . . . .... Total $1,946 $10,396, 030 1,162 51 3,302 405,183 $263,199 4,675 32, 603 76,151 145, 672 546, 600 21 250 3,780 913,915 2,007,845 DISBURSEMENTS. Disbursing officers Post-Ofiice Department 169, 739 Currencv certificates Redemption and exchange: 7 Standard silver dollars Subsidiary silver United States notes Treasury notes of 1890 National-bank notes Gold certificates Silver certificates Minor coin 114 19, 067 896, 210 940 185,437 124, 300 19, 066 98, 257 . 31.230 124, 872 1, 200, 939 1, 804,086 1, 727, 814 Nationalb a n k notes. Gold certificates. Silver certificates $8, 531, 570 $2, 644, 602 $127 $22, 081, 215 104, 517 490,139 1,158, 454 12, 738, 360 1, 083, 900 286,850 29, 240 7, 964, 902 56 5 243 32, 024 324,230 37,770 112, 227 27,980 200,240 815,120 7, 200, 860 2, 000 125, 450 1,950 929,070 313,558 1 927 634 ;j, 881, 288 '<fi ^l^fi I7fi 3,634,900 1,310,990 87,710 120 170 lfi 7QQ Fi^7 4, 482, 810 17, 834, 240 26, 500, 964 152,625 1 84,295,008 110, 440' 2, 661,120 160, 380 1, 269, 000 3, 575,160 10, 378, 290 766, 460 1, 690, 200 96, 698 2, 394,189 56, 501 14, 859, 815 47,000 694, 670 223, 250 9,500 2,000 3,000 17,400 146 1, 624,110 474,880 4,000 4,300 . RECEIPTS. Customs Internal revenue Miscellaueous Disbursingofficers Post-Office Department Transfers Standard silver dollars Subsidiary silver Miuor coin Redemption and exchange $85, 909 559, 550 964,484 .2, 398, 640 . Total 511 637,340 1, 959, 500 852, 600 250 10,840 Total Account. 50, 000 1, 961, 874 152, 500 69, 280 28, 504, 041 M i n o r coin. 2, Oil, 874 Total. DISBURSEMENTS. Warrants and checks Disbursing officers r Post-Office Department Transfers . C/Urrencv certificates Redemption and exchange: Gold coin ' Standard silver dollars. . . Subsidiary silver United States notes Treasury notes of 1890 Nationai-bank notes Gold certificates Silver certificates TVTiTiftr p.ftin , . r - . . . . . , - „ , . Total 500 45, 610 52, 000 7, 436, 660 3.100 4,528, 800 37,177,180 26, 954, 399 81 875 64 73, 558 22,115 742 13,970 690 36,433 148,528 9, 880,404 27, 553, 776 1, 993,126 • 28, 312,158 420, 000 742. 334 1 624 110 3,335,270 2,122, 779 926 015 112 227 929, 070 7, 988,402 117,990 84, 057, 661 18.3 TBEASUBER. No. 0 . — 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. Gold coin. Standard silver dollars. $194,950 $244, 500 OF M O N E Y ON ALL F I S C A L YEAR 1901. . Subsidiary silver. United States notes. Treasury notes. RECEIPTS. Customs Internal revenue Miscellaneous D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers Standard silver d o l l a r s . . . Subsidiarv silver M i n o r coin Gold certificates Redemption and excbange Issues ... Total 746, 780 40,000 12, 000 . 1,098, 888 $62 2 55 527 685. 848, 915 $939, 685 $45, 000 2,000 39, 000 103, 500 529,000 29,000 500 11, 015 105, 000 679,310 3, 312, 670 351, 900 524,100 10, 205 330, 000 94, 091 3,306, 530 1, 600, 049 211, 880 21,775 1,417,821 4, 649,918 2, 450, 795 6,145, 765 769, 275 4, 008, 964 1,531 4,005 1,674 1, 998, 203 771,826 2, 089, 804 I, 212, 750 1,847,000 6,537 71 288 13,650 657, 600 10, 000 27 10, 460 22, 500 416, 515 3, 000 21,000 - DISBURSEMENTS. W a r r a n t s and cbecks 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 Subsidiary silver United States notes T r e a s u r y n o t e s of 1890 Nation al-bank notes . Gold certificates S i l v e r certificates M i n o r coin , 65, 672 311, 612 51, 911 23, 418 113,920 500 280, 000 282,354 846,533 Total Nationalb a n k notes. 4,301,818' Gold certificates. 58, 475 13, 605 56,120 13, 790 211, 665 2, 359, 095 Silver certificates. 3.000 44, 910 200 6, 418, 765 773,275 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 S t a n d a r d s i l v e r doUars Subsidiary silver M i n o r coin Gold certificates Redemption and exchange . Issues Total. $297, 500 $.536, 400 946 37,835 116,245 698, 912 4, 400. 448 2, 544, 475 337, 525 103, 685 $2, 258,100 948 56, 908 856, 272 2, 790, 423 15,458,515 3, 797, 875 1, 551,175 119, 540 330, 000 7,198, 683 550,000 $8, 000 630, 500 1,108, 500 2,782, 300 89, 000 554, 550 5,150 2,000 264, 000 2,361,000 243, 500 94,000 , 142 796, 610 550, 000 854,076 225, 530 5, 266,142 4,408, 610 9,630,547 229, 566 34, 968,439 559,620 2, 058,908 776, 570 1, 520, 010 530, Oil 1,581,420 958, 394 733, 000 500, 267 1,2.58,951 545, 647 3,210,000 459 1,158 529 73,190 2, 435, 923 7, 377,146 ' 3,561,125 14, 071, 385 3,604 4,000 520, 770 340, 235 "64,765 59, 764 . 3, 247, 030 582, 999 5,000 16 4,014 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 ... Redemption and excbange: Gold coin Standard silver dollars. Subsidiary silver United States notes T r e a s u r y notes of 1890 . National-bank notes Gold certificates S i l v e r certificates M i n o r coin Total. 65, 000 18, 000 65, 660 " " 5 , " 785' 5,000 264, 274 108, 950 5, 592,142 4, 633, 610 • 9, 787, 882 420, 000 34, 485 7,670 32,022 9,820 75,105 234, 438 424,090 3, 276, 530 1, 606,049 211,880 21,775 88,142 796, 610 851, 398 225, 505 34, 947,558 184 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 F O R T H E F I S C A L YEAR G o l d cpin. Standard silver dollars. Subsidiary silver. United States notes. ON ALL 1901. Treasury notes. RECEIPTS. Customs Internal revenue Miscellaneous D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers Standard silver dollars Subsidiary siWer M i n o r coin Gold certificates Redemption and excbange. Issues — $316, 815 1,400 5,000 43, 620 2, 440, 000 10, 000 3,180, 000 552, 817 Total. $1, 216, 840 $14 13 761 10,002 19 2 144 735, 001 $4, 911, 345 5,587 1, 093, 393 14,193, 275 4, 610, 565 31, 267, 032 18, 050 2, 340, 500 211, 745 84 31, 458 12, 307 1,135, 765 50 640 8, 705,483 4, 285,076 7, 098,147 2, 350,160 9, 933, 099 . 5.020,257 65, 749, 637 3, 555,140 157 6 226 31 15 4, 420, 360 24,130, 911 20, 268. 386 3, 925, 093 8, 744, 000 860, 000 20, 000 340,150 10, 000 3, 240, 000 $24, 676 DISBURSEMENTS. W arrants and cbecks D i s b u r s i n g oflicers 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. Subsidiary silver United States notes T r e a s u r y n o t e s of 1890 . National-bank notes Gold certificates S i l v e r certificates M i n o r coin Total- 178, 440 1, 451, 320 280,000 165,000 i, 740, 861 5, 780 552,835 5,440 89, 770 3,031, 800 7 403, 709 484 33,995 3,340 18, 413 300 30, 800 3, 792, 510 5, 611, 364 236, 909 • 5, 670, 622 N a t i o n alb a n k notes. 1, 883, 339 Gold certificates. 4, 880, 633 Silver cer- M i n o r c o i n . tificates. Total. RECEIPTS. Customs Internal revenue Miscellaneous D i s b u r s i n g officers Post-Office D e p a r t m e n t Transfers S t a n d a r d s i l v e r dollars Subsidiary silver M i n o r coin Gold certificates Redemption and exchange . Issues $3, 348, 370 $2, 200 13.390 3,453,985 2, 061, 450 4, 266, 465 14,600 17, 835 Total. 840 819,590 1, 411,010 19, 974, 720 46, 000 47, 910 6, 710 $1,238,977 1, 719 47, 762 1, 691, 649 2, 542, 261 26, 479, 942 7, 496, 485 1, 320, 500 167, 000 3, 270, 730 3,180, 000 13, 320, 347 32,105, 880 54, 286, 642 7,776, 230 14, 489, 850 4,057,310 2,194, 000 3, 634, 465 9, 461, 877 2, 007, 573 14, 956, 000 3, 719, 850 60,000 7,200 10, 982 8, 616, 043 183, 616 379 2, 247, 897 $171 5 236 100 440 20,185 $11, 037, 208 9,531 3,155,038 38.163, 698 10, 701, 715 85, 205, 654 8, 706, 300 3, 723, 561 403,930 3,180, 000 39, 935, 214 3,180, 000 185, 401. 829 DISBURSEMENTS. 0 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 I '. , Currency certificates..-. Redemption and exchange: Gold coin Staridard s i l v e r d o l l a r s . . Subsidiary silver United States notes T r e a s u r y n o t e s of 1890.. National-banknotes G o l d certificates Silver certificates , M i n o r coin , Total., 273, 550 4, 209, 860 691, 600 2, 746, 000 333, 030 340, 000 10, 000 5, 000 26, 705 224, 910 150, 000 8, 635, 745 .32, 684, 950 301 174 176 65,988 36, 014, 340 50, 221, 654 10. 971, 769 45, 272, 209 860, 000 13, 076, 296 48, 635 187,060 169 6,415 680 12, 988 32 3, 737,116 8, 706, 843 "4,296,356 7, 095, 347 2, 349, 360 40,410 3, 270, 730 13,315,247 312, 281 54, 223, 763 274,187 186, 463,662 185 TEEASUREE. NOc l i e — 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 T H E SUJ^TREASURY I N ST. L O U I S FOR THE F I S C A L . Y E A R 1901. Account. G o l d coin. Standard silver dollars. Subsidiary silver. $16, 505 $94,790 $1 $737,923 $5 8,660 03,731 1 2 1,724 22, 276 1, 390, 306 146,022 '389,072 781, 170 12,785, 862 153,050 2,401, 998 222,680 1,480 32,219 65, 311 2, 022, 640 1,BU, 509 2, 950, 635 2, 281, 819 362, 025 2, 505, 290 8, 009, 691 4, 364, 944 19, 899, 596 2, 483, 680 15, 925 309,530 10, 035 1,393 821 1,041 9, 352, 301 7.13 516 540 3, 297, 809 1, 926, 625 3,622,425 1, 522, 062 8, 001, 065 100,000 20, 000 678,400 10, 000 1,754,500 1 1,012,047 40, 220 2, 905, 734 1,065,191 274,300 United States notes. Treasury notes. RECEIPTS. Customs Miscellaneous D i s b u r s i u g officers Post-Office D e p a r t m e u t Transfers S t a n d . i r d silv(H' d o l l a r s 530 4,420 49, 985 1,195,900 Gold c e r t i i i c a t e s Redemptiou aud exchange Issues 370,000 1,068, 000 Total 1 1 DISBURSEMENTS. W a r r a n t s and checks D i s b u r s i n g ofiicers 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 c o i n . . Standard silver dollars 'Subsidiary silver. United States notes T r e a s u r y n o t e s of 3 890 N a t i o n a i - b a n k n o t e s ..' Gold certificates S i l v e r certificates . M i n o r coin .-.. 145 2, 000 85, 580 1, 291, 300 17, 000 243, 884 526,23 5 Total Account. 3,626,935 9,883,771 Nationalbank notes. Gold certificates. 4,311,626 19, 718, 500 Silver cer- M i n o r coin. tificates. 2, 548, 480 Total. RECEIPTS. 56, 300 37, 760 201,590 8, 473, 375 115,500 197,730 785 $589,152 75 133, 543 403, 806 997,104 22, 513, 786 5, 922, 750 15, 045 1,070 148 1,416 7,981 182,463 4, 990, 910 3, 570, 000 ... 2, 354, 879 243,864 10,643,880 18, 644, 610 32,933,210 436,024 99,916,925 500, 890 3, 084, 230 951,760 4, 947, 000 101, 000 2, 752, 000 670, 500 13, 616, 000 575, 875 13.281,591 1, 371,373 8,431, 001 188 151 152 215,407 3,142,609 23, 729, 664 4, 537, 263 49, 615, 083 100, 000 1, 213, 000 133,500 41, 000 7, GOl, 689 $1 000 660 Customs .. Internalrevenue . . . . Miscellaneous D i s b u r s i n g officers Post-OfficeDepartment. Transfers Standard silver dollars Subsi<liary s i l v e r $785. 400 3,166, 550 8, 646, 840 38, ooo" 5,090 Gold certificates Redemption and exchange . I&sues Total $152 $2,439,188 75 336, 545 1,633,738 3, 320, 556 55, 253 844 8,213,940 2, 652, 773 229,625 170, 000 22, 096, 641 3,570,000 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 n c y certificate.s Redemption and exchange: Gold coin Standard silver dollars Subsidiary silver United States notes T r e a s u r y n o t e s of 1890 . . National-bank notes Gold certificates Silver certificates Minorcoin Total 204,581 9, 483, 880 22, 226, 010 213, 000 775, 409 946, 735 281, 819 362, 025 1, 810,485 3,179 10 4,990,910 2, 354. 879 243, 894 33, 071, 814 421, 668 103, 293, 290 3, 099, 610 .•... 1, 7, 2, 2, 186 No. REPORT ON THE FINANCES. 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 THE SUBTREASURY IN N E W ORLEANS I'^OR THE F I S C A L YEAR 1901. Gold coin. Account. Standard silver dollars. Subsidiary silver. United States notes. Treasury notes. RECEIPTS. Customs Internalrevenue Miscellaneous D i s b u r s i n g officers Post-OfficeDepartment Transfers Stfl.ndard s i l v e r d o l l a r s Subsidiarv silver M i n o r coin Redemption and excbange - Total 1,191, 090 $2, 278, 075 862, 666 109,153 112, 638 403, 693 5,754,969' 152, 500 390,149 10, 757 473, 825 $110,921 69, 274 18, 897 4,235 32, 261 172, 207 735 770 37, 704 4,548 170, 289 19, 962, 359 1,484,306 10, 548,425 1, 356,106 2,856 67,557. 546, 705 8, 354, 305 164 120, 645 150 878,124 990,515 3,127, 944 1, 248, 610 3, 701, 015 $168,983 508 1, 097 5,855 2, 261 55,198 $236,432 31, 867 38, 658 21, 279 46, 005 15, 877, 928 $10,385 3,342 27,282 5,759 41, 566 205,082 1, 0.57, 706 3, 710,190 1, 291, 608 DISBURSEMENTS. W a r r a n t s and checka ... Disbursingofficers Post-Office D e p a r t m e n t Transfers Redemption aud excbange: 18 61,114 Standard silver dollars 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 • 495,010 472, 210 69, 500 365 740 242, 310, 85, 800, 376 845 391 000 562 10 000 100, 049 .. 718, 750 Total Account. 300 6,500 11, 880 200 1, 549, 423 1, 269, 416 8,421,862 999, 201 10,184, 298 Nationalbank notes. Gold certificates. Silver certificates. Minorcoin. $2, 729, 650 529, 270 48, 220 38, 300 261, 540 8, 739. 000 2, 627, 030 1, 065. 080 70, 240 728,750 $891,493 320, 581 65, 675 161, 058 268, 086 3,441, 768 2,864,200 395, 975 46, 700 906, 889 $158 310 4,785 306 7,231 115,177 30, 240 $6,426,097 2, 394,133 358, 847 683,280 1, 463, 741 36, 354, 939 6,453. 500 2, 333, 990 150,105 8, 258, 979 16,837, 080 9, 362, 425 158, 007 64, 877, 611 16, 429, 200 8,316 498,192 3,009 4,139, 500 56,114 1 95, 671 1, 574, 277 5,816,219 1, 627, 624 37, 053, 520 Total. RECEIPTS. Customs . .. Internalrevenue 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 Subsidiary silver Minorcoin. . . . Redemption and exchange Issues ... Total $576, 515 45, 080 324, 050 401, 098 3,993,610 74, 000 445, 082 17, 860 3, 877, 295 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 Redemption and exchange: Gold coin Standard silver dollars Subsidiary silver United States notes T r e a s u r y n o t e s of 1890 National-bank notes Gold certificates S i l v e r certificates M i n o r coin Total... 332, 906 1, 632, 066 290, 463 1,109, 000 996, 000 10 3, 700,190 1, 057, 704 3,710,190 1 191 090 473, 825 170 289 696, 080 1,250 10,000 900,089 i 728, 750 906, 889 ^ 30,240 18, 360 4,078,875 17, 425, 200 9,260,556 151, 786 54, 340, 617 187 TEEASUEEE. M 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 Y E A R 1901. Account. Gold coin. Standard silver dollars. Subsidiary silver. United States notes. Treasury notes. RECEIPTS. Customs Internalrevenue. Miscellaneous Disbursing officers Post-Office Depai'tment Transfers Standard silver dollars Subsidiary silver Minor coin Gold certificates Redemption and exchange Issues .; .. $9, 764. 061 562,195 475,631 1, 095, 566 1, 508, 305 24, 759, 290 1,450,550 43, 400 760, 000 14, 280,190 $253, 030 653 11, 769 30, 722 13,756 1, 542 $3,029 198 3,889 20, 479 17, 966 806, 433 2, 721, 553 $53, 016 $25,012 8,617 2,485 55, 340 5, 441,174 3,165 669 798 8,020 2 900 4 356 580 14,616 4, 460 46 795 1, 676, 348,; Total. . 54,699,188 3, 033,025 2, 528, 342 5,578, 413 3, 569, 585 44, 811, 570 1,496, 626 13,166 29 1,394,217 28 1, 446,500 858 483,581 731 1, 680,800 300,000 5,080,000 30 166,978 310 464 10 6,569 858 13,285 1, 221, 850 35 21,957 9,448 7 53, 907, 346 2, 851, 036 2, 353, 667 5, 598,695 Sil ver cert i ficates. Minorcoin. DISBURSEMENTS. AVarrants and checks Disbursing officers Post-Office Department Transfers Redemption and exchange: Gold coi:j Standard silver dollars Subsidiary silver United Statea notes Treasury notes of 3 890 Nationai-bank notes Gold certificates Silver certificates Minor coin ....... 1, 085,334 1, 676, 348 7,737 3,138 Total Nationalbanknotes. Account. 18, 500 124, 000 200,195 4, 680 Gold certificates. 128, 680 Total. RECEIPTS. $15,915 1,130 104,870 13, 940 $106, 930 50 8,340 3,180 30,940 14, 824,410 1,965 500 13, 295 1,221, 850 760,000 9,508 21, 957 151,115 16, 954, 200 5,129, 594 125, 094 88,245,766 • 600,000 440, 000 3. 240, 000 io, 500 1,100, 000 615,500 10 50, 718 8 52, 269 4, 470, 482 55, 500,086 1, 497,393 5, 061, 235 140, 655 14, 498, 380 33, 953 . 15, 040,191 2, 721, 553 I, 676,348 14, 616 4,460 13, 295 1,221, 850 9,508 21,957 Customs Miscellaneous Disbursing officers Post-Office Department Transfers Standard silver dollars Minor coin Gold certificates Redemption and exchange . . Total $208,907 6,204 4,731 50, 769 3, 386, 331 1, 462, 644 500 $40 20 28 2, 325 3, 679 97, 045 $10,414, 025 563 136 531 062 1.159, 416 1, 793, 645 49,333.065 3 467 000 1,457,260 43,400 760, 000 18, 287,429 2,436, 348 DISBURSEMENTS. W^arrants a n d c b e c k s Post-Office D e n a r t m e n t Transfers Rederaption a n d exchange: 1,631,539 S t a n d a r d s i l v e r dollara Subsidiarv silver I ' r e a s u r y n o t e s of 1890 Nationai-bank notes Gold certificates S i l v e r certificates Minor c o i n . . . ; Total 18 .... 151,155 16, 638, 380 5,487, 039 136, 976 87, 252, 974 188 N<>, REPORT ON THE FiNANCES. 1 4 . — T O T A L R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ALL ACCOUNTS AT THE TREASURY O F F I C E S FOR THE F I S C A L YEAR 1901. Gold coin. Standard silver dollars. Subsidiary silver. United States notes. ON Treasury notes. RECEIPTS. Customs Internal revenue Miscellaneous D i s b u r s i u g officers Post-Office D e p a r t m e n t Transfers Gold b a r s S t a n d a r d s i l v e r dollars Subsidiary silver M i n o r coin Gold certificates Rederaption and exchange. Special c u s t o m s d e p o s i t . . . Total. $19, 521,445 $2, 479, 964 $768, 895 $18,479 $41, 370, 067 • 562,708' 32, 520 69, 703 3,419 888.501 36, 726 526,185 57, 271 38. 421 4, 068,491 1,145, 297 147, 262 238, 586 29, 544 18, 076, 563 1,848,810 147,686 414, 928 93,528 9, 645, 289 39, 991, 362 17, 308, 587 5, 513, 4851226, 511,484 24, 019,156 53,113,631 64, 000 6, 044, 289 887, 247 35 105.911 1, 560, 055 7, 437, 297 13 12, 561 67, 555 750,896 505 26, 645, 000 33,175, 500 39, 724, 921 37,-268. 885 21, 207, 765 113 178, 219,548 8, 211 490,060. 280 52, 918, 520 3, 974, 817 47, 497, 952 1,838, 592 923,738 7,486 1, 601, 044 5,030 43, 675, 743 10,460 44, 591, 749 1,197, 503 98, 438, 640 6,403 14, 607, 488 23, 265, 573 145, 393, 499 3, 705, 000 289,913 1,875,683 119,041 22, 570. 474 7,990 1, 085, 386 1, 676, 352 14, 808,153 119, 752 4,232 87, 874,302 864 21, 957 6, 650, 000 10,213 5,533 819, 415 94, 360 27, 506, 348 48, 978,102 12, 781, 260 8,285,148 3,248,363 2, 372, 522 3, 318, 909 216,745 91, 680, 000 562 17,680 21,000 28, 244, 000 41, 225, 029 506,035, 348 53, 361, 616 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 Redeniption and exchange: . Gold coin Standard silver d o l l a r s . . . Subsidiary silver United States notes T r e a s u r y n o t e s of 1890 . . . National-bank uotes Gold certificates Silver certificates M i n o r coin Clearing-house balances Redeniption and destruction . Total 166, 484, 087 11,306 888. 313 132 492, 286 3, 044, 020 49, 741,106 244,782 17, 261 1,274 5, 988,154 152,474 3, 073, 660 5,836,404 3,448,977 1,019 1,085 Nationalbank notes. Gold certificates. S i l v e r cer- M i n o r coin tificates. $585,091 465, 394 5, 423, 660 9, 016. 987 51,332.726 $154, 986, 360 762, 620 7, 739, 810 15,887,251 11, 754, 796 427,153, 877 $19, 296, 515 334,001 2, 214, 700 6, 335, 604 8, 263.006 298, 578, 781 174, 495 2,-221,003 216, 730 4, 947, 860 6, 078, 200 1, 038, 665 26, 365, 405 3, 586, 025 529,452 126, 240,307 140,075,630 384,159, 330 114, 360, 000 151, 227, 679 4,293 200,852, 000 195,676, 393 1, 268, 944, 399 200 200 Total. RECEIPTS. Customs Internal revenue Miscellaneous D i s b u r s i n g officers Post-Oflice D e p a r t m e n t Transfers Gold b a r s S t a n d a r d s i l v e r dollar^s Subsidiaiy silver M i n o r coin Gold certificates Rederaption and exchange .. Special c u s t o m s d e p o s i t . ' Issues Total. $238, 442, 529 347 3, 238. 910 5,727 15, 152, 725 4,047 47, 287,814 21, 665 41, 206, 695 567, 780 1,090, 977,238 53, 111,631 38, 483,331 20, 988, 504 2, 616,364 26, 645, 000 641, 825, 381 4,160, 249 384, 163,^769 33 406, 802,000 4, 760, 652 3,011,031,891 DISBURSEMENTS. W a r r a n t s a n d cliecks D i s b u r s i n g oflicers 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 excbange: Gold coin Standard silver d o l l a r s . . . Subsidiary silver United States notes T r e a s u r y n o t e s of 1890 . . . Nationai-bank notes Gold certificates S i l v e r certificates . . . i M i n o r coin Clearing-house balances Redeinption and destruction . F i v e p e r cent fund Total. 2, 236, 236 17,751,448 3, 282, 768 21,235,510 22, 065, 676 661,584, 000 7, 096,164 142,982, 510 5, 238, 705 45,428, 376 4,147, 937 250,041,815 1,413 144, 071 1,188 1,031,287 191, 259 4,000 3, 430, 070 349, 500 2,000 58, 392, 587 319, 895 3, 004, 533 8, 968, 327 327,130 1,640,465 39, 426, 050 14, 354, 380 242, 866 241, 575,176 53,449,490 99,897 38, 060,141 1,426, 923 7, 624, 423 6,735, 744 47,198,970 2,339,176 129,128, 994 392,687 - 660 181, 853, 000 62, 092 718 1, 256, 329,229 719,497,448 75,000 23. 500 361, 664 18, 626, 438 129,100, 946 78, 416, 455 875, 518. 717 32, 004, 611 651,118,149 3, 705, 000 59,828,797 39, 604, 974 37, 066, 500 87,862,110 1,134,145 69, 411 21, 298, 927 528,166 60,730,773 824, 247 340,075,628 653, 016 151, 026, 473 1,194 4,140, 496 10 248, 443, 676 373, 852. 928 129,100, 946 4, 450, 958 2, 993, 795,160 TREASURER. No. . 1 8 9 1 5 . — A S S E T S AND L I A B I L I T I E S OF THE TREASURY O F F I C E S J U N E 29,1901. * Washington. Baltimore. lS.Q\f Y o r k . Philadelpbia. Boston. ASSETS. Gold coin S t a n d a r d s i l v e r dollars $7,127, 577. 82 $5, 903. 680. 37 $175,773,015. 00 $8, 851, 807. 50 $18, 373,236.16 151,746, 293. 00 2,433,217.00 01, 094, 480. 00 8,193, 283. 00 1, 774, 694. 00 732, 241. 22 448. 691. 30 1, 288, 747. 55 720, 869. 41 162, 575. 75 6. 077, 667. 00 391,501.00 2, 823,395. 00 Uuited States notes 549, 756.00 533, 392. 00 83, 601. 00 1, 500.^00^ T r e a s u r y n o t e s of 1890 50, 989. 00 210. 00 2, 334. 00 21, 650. 00 39, 242. 00 Nationai-bank notes 6,080, 514. 09 14, 042. 00 36, 203.00 23, 842,340. 00 4, 946. 630. 00 1,101,250.00 580,580. 00 Gold certificates 1, 728, 620. 00 49, 695.00 659, 857. 00 1, 448, 593.00 SilA^er certificates 259, 854.00 264, 559. 00 35, 679. 49 15, 958.19 113; 355.42 Minorcoin 324,919.79 I7,2U.81 94.49 1, 077. 58 Fractional currency 45.17 42. 65 14,670.79 723.05 3 310 42 Bonds and interest paid... T o t a l cash a s s e t s Trausfer accouut 174,434,494. 20 20,496, 871. 32 9, 826, 515. 51 265, 700,186. 25 23, 662,139. 92 22, 896,136.14 Aggregate 194, 931, 365. 52 9, 826, 515. 51 265,700,186.25 23, 662,139. 92 22,896,136.14 .LFAHILlTIES. Outstanding warrants 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 account . B a n k - n o t e 5 p e r c e n t red e m p t i o n fund Other deposit and redemptiou accounts. 105,911.08 61,202.46 902,109. 99 198, 357. 67 256, 259. 84 3, 857, 615. 63 282, 083. 83 21,448,511.88 2, 313, 010. 88 1, 714,145. 33 398, 361. 03 40, 240.48 1. 907, 605.97 956,133. 81 1 039 343 '57 13, 267, 236. 27 3, 758, 900. 62 25, 722. 52 3,180, 455. 36 194, 236. 68 162 379 52 T o t a l a g e n c y a c c o u n t 21, 388, 024. 63 B a l a n c e t o c r e d i t of m i n t s a u d a s s a y offices B a l a n c e trfinster a c c o u n t . B a l a n c e g e n e r a l a c c o u u t . . 173, 543, 340. 89 409, 249. 29 27, 438, 683. 20 3, 661, 739. 04 3,171,927.96 1, 290, 434. 86 7,188, 693.16 2. 947, 428.16 229, 782, 375. 03 17, 052, 972. 72 2,136,106. 49 17, 588,101. 69 9,826 515 51 | 96.^ 700 386. 95 93.662 339 92 22, 896,336.14 St. L o u i s . San P r a n cisco. A iiiireirate 394,931,365.52 Cincinnati. 1,127, 992. 47 8, 289, 273. 75 Chicago. New Orleans. ASSETS. Gold c o i n . S t a n d a r d s i l v e r dollars Subsidiary silver United States notes T r e a s u r y n o t e s of 1890 National-bank notes. Gold c e r t i ficates • Silver certificates M i n o r coiu Fractional currency Bonds aud interest i)aid... Total cash assets Una;vailable A ggregate •... $4, 453, 433. 25 $16,919,932.25 856, 000. 00 2,072,390.00 302. 915. 00 581,562.00 430,000.00 768,265.00 1,000.00 7,430.00 57,000.00 380,005.00 425, 000. 00 1,534,210.00 215, 785. 00 695,837.00 14, 780. 62 7Q 719. 7:4 1,808.75 i 1,511.70 $9,269, 058. 30 .$4, 789, 963. 20 $27, 264, 481.46 9, 818, 414. 00 25, 869, 612. 00 31,934,217.00 . 350, 392. 00 909, 448. 69 411, 355. 35 1, 379, 340. 00 772,513.00 3, 962. 00 45,100. 00 659.00 2,159. 00 22, 775. 00 I, 955. 00 1, 726, 000.00 317 340 00 1, 793, 000. 00 3, 608, 360. 00 407,128. 00 520, 993. 00 20,' 329.00 6, 971. 21 19, 297; 70 14, 604. 91 34. 63 777.45 22*56" 238. 50 6,737,722.62 | 23,040.635.68 24, 808, 542. 08 36,508,9.51.30 701, 851. 34 59, 962, 788. 52 6, 737, 722. 62 24,808, 542. 08 37,230,802.64 59, 962, 788. 52 23,040,635.68 LIABILITIES. Outstandingwarrants and checks D i s b u r s i n g officers' balPost-OfficeDepartraent 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 g e n e r a l a c c o u n t . . Atrsfreiiate .. 41,127. 69 571,938.43 120, 095. 97 95, 583. 87 369, 798. 42 453,168. 61 3,518,648.80 1,173, 319. 73 785, 434. 84 7,110,981.02 769, 900. 87 2,406,851.41 929, 283. 74 336, 009. 20 449, 607. 90 60, 663. 45 52,454.35 146, 226. 45 30, 727. 61 7, 073. 09 1, 324,860. 62 6,549,892.99 2. 368, 925. 89 1, 227, 755. 52 7, 937, 460. 43 600,817.65 4, 812, 044. .35 1,018,552.59 3.036,619.81 3 2.435,570.29 19,123.17 1, 399,272. 09 1,114,147. 52 23,021,220.93 34, 868, 899. 60 586, 441. 58 945, 793. 97 50, 493, 092. 54 6,737 722.62 y;{.040.63.5.68 24, 808, 542.08 37, 210, 802.64 59, 962, 788. 52 190 REPORT No. ON THE EINA]srOES. 1 6 . — A S S E T S OF THE T R E A S U R Y I N THE CUSTODY OF M I N T S AND ASSAY O F F I C E S J U N E 29, 1901. Carson City. Boise C i t y . BULLION Charlotte. Dahlonega. Deadwood. FUND. $16, 980. 88 9,101. 45 1, 458. 00 3, 523. 90 I, 332. 70 $102, 499. 27 Gold b u l l i o n 29.61 Silver bullion 5, 300. 00 Balance in subtreasuries Total available 41, 277. 45 $11, 709. 40 213, 556. 57 73, 674. 38 75, 549. 75 11,709.40 32, 000. 00 .$27, 950. 03 149, 224. 33 43, 709.40 27, 950. 03 213, 556. 57 Aggregate Deuver. BULLION $62, OOD. 95 105, 727. 69 Helena. New York. 62, 009. 95 NewOrleans. 62, 009. 95 San P r a n cisco. FUND. Gold c o i n . . . . ^. Gold bullion Standard silver dollars Subsidiary silver Silver b u l l i o n ... United States notes M i n o r coin Balance in subtreasuries and national b a n k s . . . . $74, 718. 85 $952, 2.50. 40 Total available Unavailable 02, 730. 54 952,250.40 | . Aggregate 952,250.40 1 568, 935: 99 503,647.14 137,449.39 35,143,395.60 31, 528, 872. 05 110,353,442.71 433,557.96 25, 000. 00 137, 449. 39 35,141,195. 00 31, 553, 872. 05 110, 767, 000. 67 Philadelidiia. BULLION $20, 235. 00 $346, 334. 77 $47, 940, 930. 00 33, 920,403. 77 1, 242, 598. 84 4 315,881.13 1,225. 00 35,823,500.00 55, 977, 333.^00 • 915,461.47 733.80 581,820.85 629, 630. 48 13,164, 594. 97 1 033,830 59 36,382.00 33.56 St. Louis. Seattle. Total. FUND. G o l d coin Gold bulliou . . S t a n d a r d s i l v e r dollars Subsidiary silver Silver bullion United States notes Minorcoin B a l a n c e in s u b t r e a s u r i e s a n d banks $58, 591, 894. 50 68,563,889 29 86, 076, 687. 00 * 3,132,190.21. 34, 237 179 62 250, 603, 840. 62, Aggregate assets 71 $106,916,375.15 109, 205, 736.96 157, 880, 203. 00 4, 633, 757. 84 49, 066, 570.10 41, 682. 00 - 33. 56 19,323.17 1,543,080.58 21,167.14 2, 517, 682. 71 431, 614, 850. 92 574, 057. 74 335 41 21,167.14 2,517,682.71 432,189, 244. 07 335.41 A g g r e g a t e bullion fund United Statesnotes M i n o r coiu 1 $974, 602.13 riational Total available Unavailable Xioss on r e c o i n a g e MINOR COIN AND METAL .$2, 042. 23 250, 002,176. 03 3, 870, 492. 31 FUND. 49, 255. 00 72, 629. 56 250, 724, 060. 59 49, 255. 00 72 629 56 21,167.14 - 2 , 517, 682. 71 432,311,128. 63 191 TEEASDREB. JVo. 1 7 * — G E N E R A L D I S T R I B U T I O N OF THE ASSETS AND L I A B I L I T I E S T R E A S U R Y J U N E 29, J901. Treasury offices. National-bank M i n t s a n d asand otber s a y offices. depositories. I n transit. OF T H E Total. ASSETS. Gold buUion S t a n d a r d s i l v e r dollars Subsidiary silver S i l v e r b u l l i o n . .. v 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 Practional currency Denosits in national b a n k s .Bonds a n d i n t e r e s t p a i d . . . $278, 726,185. 31 $103,916,375.15 109, 205, 736. 96 295, 772, 400. 00 157,880, 203. 00 4, 633, 757. 84 5, 908, 798. 27 49, 066, 570.10 90, 937. 00 13,709, 791. 00 194, 962. 00 8, 379. 386. 09 39,877, 330.00 4, 542, 430. 00 72, 663.12 442,491.87 1, 251. 87 $385,642,560.46 109, 205, 736. 96 453, 702, 931.00 10, 587, 556. 93 49, 396,841. 98 16, 635, 610. 00 258, 462.00 8,631 386 09 41, 981, 330. 00 5,370,444. 00 536,154.99 1.251.87 100, 010, 493. 95 274, 836. 00 297, 921. 81 $50, 328. 00 45, 000.82 330, 271. 88 2, 834,882. 00 63, 500. 00 252, 000.00 2,104, 000. 00 828, 014. 00 21, 000. 00 $io6,6l6,49'3.95 23, 085. 81 T o t a l a v a i l a b l e a s s e t s 647, 578,112. 22 427, 866, 243.17 100, 010, 493. 95 6, 803, 832.70 1,182,258,682.04 574, 057. 74 218,463. 55 Unavailable 701, 851. 34 1,494, 372. 63 335.41 335.41 U n p a i d loss on r e c o i n a g e . Balauce in subtreasuries 3, 870, 492. 31 and national banks 3, 870, 492. 31 Transfer account 20,496,873.32 20, 496, 871. 32 668, 776, 834. 88 432, 311,128. 63 100, 228, 957. 50 6, 803, 832. 70 1,208,120,753.71 A sreresrate LIABILITIES. Outstanding warrants and checks D i s b u r s i n g officers' balances Post-Oflice D e p a r t m e n t a c count Bank-note 5 per cent redemption fund ... Other deposit and redemption accounts 2,722,385.42 161, 277. 03 2, 883, 662. 45 42, 656, 920. 55 5,440, 880.73 48, 097, 801. 28 9, 233,137. 08 9,712.99 7, 508, 839. 65 T o t a l a g e n c y a c c o u n t 75, 478,519. 57 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 2, 914, 552. 20 Balance transfer account 20,496,871.32 B a l a n c e g e n e r a l a c c o u n t . . 569, 886, 891. 79 432, 311,128.63 Aggregate 9, 242, 850. 67 13, 267, 236. 27 13, 267, 236. 27 5, 611, 870. 75 946, 804. 59 8, 545, 644. 24 946, 804. 59 82, 037,194. 91 3, 870,492. 31 955,940.11 20, 496, 871. 32 93, 661,146. 64 5,857,028.11 1,101,716,195.17 608, 776, 834. 88 432, 311,128. 63 100, 228, 957. 50 6,803,832.70 1,208,-120,753.71 ] \ o . 1 8 . - - D I S T R I B UTI ON cOF T H E G E N E R A L T R E A S U R Y B A L A N C E J U N E 29, 1901. Location. I; Washingtou Baltimore New York Philadelphia Boston Cincinnati Chicago St. Louis New Orleans San Prancisco Mints and assay offices National b a n k s . , United States depositories . I n transit Total Treasurer's books. On deposit with States Total Treasury balance . Treasurer's general account. $173, 543,340.89 8,289,273.75 229, 782,375. 03 17, 052,972.72 17,588, 101. 69 4,812,044.35 12,435, 570.29 21,021, 220.93 34, 868,899.60 50,493,092.54 432,311, 128.63 93, 657,444.47 3,702.17 5, 857,028.11 1,101. 73.6,195.17 Receipts not covered by warrants. Balance as shown by warrants. $246, 282. 10, 936. 166,476. 53, 080. 642. 143. 41, 509. 88, 951. 1,901. 176,853. $173,297, 058.16 8,278.337. II 229,615, 898. 55 16,999, 892.31 17, 587. 458. 80 4,811,901.35 12, 394,060.70. 20,932, 269. 80 34,866, 997. 98 50, 316,239.49 432. 311,128.63 93, 388,985.16 268,459. 31 3, 702.17 857,028.11 1,055, 236. 85 1,100, 660, 958. 32 28,101, 644. 91 1,128, 762, 603. 23 192 REPORT ON THE N o . lO.^AVAILABLE FINANCES. A S S E T S AND N E T L I A B I L I T I E S OF T H E CLOSE OF J U N E , 1900 AND 1901. J u n e 30,1900. Gold—Coin Bullion . $310, 113, 260. 56 711.12 T R E A S U R Y AT T H E J u n e 29,1901. $385, 109, 560. 46 736. 96 .$494, 848, 297. 42 $423, 577, 971. 68 Silver—Dollars Subsidiary coiu. Bullion 299. 00 753. 97 933.61 Pai;)er—United S t a t e s n o t e s T r e a s u r y n o t e s of 1890. National-bank notes . . . Gold certificates S i l v e r certificates 471.00 058.00 332. 32 160.00 426. 00 O t h e r — M i n o r coin Practional currency Deposits in national bauks . Bonds and interest paid 271.27 195. 40 806. 93 867.13 931. 00 556.93 841.98 51.3,087,329.91 500,995,986.58 610. 00 462. 00 386. 09 330. 00 444. 00 72, 877, 232. 09 77, 791, 447. 32 99, 200,140. 73 A ggregate 536, 154.99 1, 251.87 , 010, 493.95 297, 921.81 100, 845, 822. 62 1,182, 258, 682. 04 1,107,565,546.31 . LIABILITIES. Agency account: O u t s t a n d i n g w a r r a n t s and checks 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 per cent redemption fund Other deposit and redemption accounts 2, 745, 891.40 46,168,121. 49 7, 920, 616. 80 2, 883, 662. 45 48, 097, 801. 28 9, 242, 850. 67 11, 891, 561. 56 13, 267, 236. 27 8, 247, 570. 69 8, 545, 644. 24 76, 973, 761. 94 General account: 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. Reserve fund Balance 228,037,179.00 i 416.015,000.00 I 3,705, 000. 00 1 76, 027, 000. 00 I 150, 000, 000. 00 i 156. 827, 605. 37 ! '1,030,591,784. 37 Aggregate. No. 82,037,394.91 289, 017, 689.00 435, 014, 000. 00 47, 783, 000. 00 150, 000, 000. 00 .178,406,798.33 1,300,221,487.13 1,107,565,546. 31 1,182, 258, 682. 04 S O . — A S S E T S AND L I A B I L I T I E S OF THE T R E A S U R Y IN E X C E S S OF CERTIFICATES AND TREASURY NOTES AT THE CLOSE OF J U N E , 1900 AND 1901. J u n e 30,3900. J u n o 29,1901. ASSETS. Gold coin a n d bullion S i l v e r d o l l a r s a n d bullion S u b s i d i a r y si Iver United States notes T r e a s u r y n o t e s o t 1890 National-bank notes Minorcoin Fractional currency D e p o s i t s in n a t i o n a l b a n k s B o n d s a n d i n t e r e s t paid Total $222, 844, 952. 68 15, 800. 658. 61 0, 702, 753. 97 29; 004,471.00 723, 058. 00 9, 525, 332. 32 444, 271. 27 195. 40 736, 806. 93 18,867.13 .$247,813,038.42 25,673,216.98 • 10, 587, 556. 93 16, 635, 010. 00 258, 462. 00 8, 631, 386. 09 536,154.99 1,251.87 100, 010,493. 95 297, 921. 81 383,801,367.31 410, 443, 993. 04 76, 973, 761. 94 350,000,000.00 356,827,005.37 82, 037,194. 91 150, 000, 000. 00 .1.78, 400, 798.13 383,801,367.31 410,443,993.04 LIABILITIES. Agency account Reserve fund Available cash balance Total TRP] ASURER. 193 N o . Jill.—UNAVAILABLE 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 29, 1901. . GENERAL TREASUKY. On deposit with the following States under the act of June 23, 1836: Maine $955, 838. 25 New Hampshire. 669, 086. 79 Vermont 669, 086. 79 Massachusetts 1,338,173.58 Connecticut 764, 670. 60 Rhode Island ' 382, 335.30 New York 4,014, 520.71 Pennsylvania 2,867, 514. 78 New Jersey 764, 670. 60 Obio 2, 007, 260. 34 Indiana 860, 254,44 Illinois 477, 919.14 Micbigan 286, 751.49 Delaware 286, 751.49 .Maryland .955, 838.25 Virginia 2,198, 427.99 Nortb Carolina 1.1 433, 757. 39 Soutb Carolina 1, 051, 422. 09 Georgia 1,051, 422.09 .Alabama 669, 086. 79 Louisiana 477, 919.14 Mississippi 382, 335. 30 , Tennessee , I 433, 757. 39 Kentucky : . . . 1 433, 757. 39 Missouri 382, 335. 30 Arkansas • 286, 751.49 Total on deposit with the States Deficits and defalcations: Subtreasuries: Defalcation, subtreasury United States, New Orleans, 1867, . May and Whitaker.'. $675,325.22 Defalcation, subtreasury United States, New Orleans, 1867, May property * 5, 566. 31 Deficit, subtreasury United States, New Orleans, 1885 20, 959.81 Mints and assay ofiices: Deficits and defalcations, mint United States, San Prancisco, 1857 to 1869 : Defalcation, mint United States, Dahlonega, 1861 Defalcation, mint United States, Charlotte, 1.861 :... Deficit, raint United States, NewOrleans, 1895 Deficit, mint United States, Carson City 413, 557. 96 27,950.03 32,000.00 25,000.00 75,549.75 National bank depositories: Failure, Venango National Bank of Franklin, Pa Failure, First National Bank of Selma, Ala 181, 377. 51 33, 383. 87 — Depositories United States: Defalcation, depository United States, Galveston, 1861 Defalcation, depository United States, Baltimore,, 1866 Defalcation, depository United States, Pittsburg, 1867 " . Deficit, depository United States, Santa Pe, 1866, sliort in remittance — $28,101,644.91 701, 851. 34 574,057.74 214,76L38 778.66 547. 50 2,126.11 249.90 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 depository United States, Galveston, 1861 depository United States, Little Rock, 3861 .31,164.44 205.76 83.36 5, 823. 50 37,277.08 Aggregate FI 1 9 0 1 : 13 29, 633, 294. 60 194 No. REPORT ON THE FINANCES. 2 2 . — G O L D C O I N AND BULLION IN T H E T R E A S U R Y AT T H E END OF EACH MONTH, FROM Coin. 1890—January — February... March April.. May _^ne 'July August — September. October — November.. D e c e m b e r .. 1891—January February... March April May June July ....... August September . October November.. December .. 1892—January . . . February .. March., i... April May June July August September . October November.. Deceraber.. 1893—Jan u a r y . . . F e b r u a r y .. March April May - June July August September . October November.. December.. 1894—January ' February... March..' April May June July August Septeniber . October November.. Deceraber . . 1895—Januarj'^ February... March April May June July August September . October November.. December .. $249, 963,167 252, 460, 026 253, 782, 305 253,612,783 253,784, 358 255. 615, 950 254, 397, 959 252, 748, 502 246,179, 012 233, 634, 208 230,113. 362 226, 220, 604 229, 942, 686 233, 469,299 232, 749, 803 220, 773. 624 193, 929, 831 176, 450, 378 174, 091, 456 175, 482, 231 178,631,016 389,615,905 193, 412, 689 196, 634, 061 198, 454,175 198, 847, 863 198,949.892 193, 911, 273 193.573,580 180, 741, 321 170, 682, 622 166, 583, 580 164, 550, 486 166,33.5.247 167,615.258 156, 662,452 147, 375, 054 137, 837, 900 13%,874, 473 121, 753, 585 115, 646, 742 110,109, 923 103, 363, 626 78, 049, 667 72,183,123 06, 616, 899 70, 211, 506 73,624, 284 65. 490. 319 107,029,805 116, 223.429 116,475,990 300,000,110 86,605,123 73, 872, 012 76,944. 532 79, 602, 339 81, 416. 461 118, 045, 402 91,879,020 51, 343, 230 94, 065, .558 88,098,537 89,954,340 94,265,613 99,147, 914 94, 702, 557 89, 202, 384 86, 216, 756 88,951,327 83,977, 079 83, 378, 392 JANUARY, Bullion. 1890. Total. Held against certificates. $66, 080, 287 $316, 043,454 $138, 657,169 66,133, 726 318, 593,752 130, 604, 804 66,443, 489 320, 225, 794 1.34,938,079 67, 265, 628 134, 642. 839 320, 878,413 67, 548, 895 321, 333. 253 130, 788, 399 65, 996, 474 321,612,424 131, 380, 019 62,138, 864 316, 536, 823 132,444, 749 57,471,618 310, 220,320 124,382,539 59, 907, 459 306, 086, 471 358,104,739 60,855,395 294, 489, 603 138,173, 979 63, 642, 518 293,755, 880 331,316,499 293, 020, 214 144,047, 279 66, 799, 610 297, 567, 546 355,839,449 67, 624, 860 296, 831, 953 147,119,129 63, 362, 654 59, 685, 416 292,435, 219 144, 317, 069 59,859, 416 280, 633, 040 338,890,799 255, 331, 503 122,124,339 61,403,672 62,067, 744 238, 518,122 120,850, 399 62, 736, 957 236, 828,413 115.715,389 240,744,488- 108,273, 079 65,262,257 112, 451, 569 66, 343, 775 244,974,791 74,158, 836 263, 774, 741 136,100, 319 78,430, 504 271, 843,193 142, 649, 969 82, 212, 689 278, 846,750 148,106,119 84,299,. 689 282, 753, 864 163,178, 95983, 275,-529 282,123, 392 160.003,279 81,194, 377 280,144, 269 154, 329, 229 79, 712,183 273, 623, 456 153, 713, 699 77, 953, 512 271, 527, 092 157,295, 209 74, 836, 385 255, 577, 706 141, 235, 339 76,623, 598 247, 306, 220 136, 861, 829 75, 960,115 242, 543, 695 128,387,379 76, 055, 422 240, 605, 908 121, 210, 399 78,126, 222 244,261, 469 120, 255, 349 79, 983, 208 247, 598,466 123,188, 809 238, 359, 802 117,093,139 81,697,350 120, 645, 819 81, 452,478 228,827,532 217, 672. 948 114, 388,729 79, 835, 048 111, 486, 009 79, 503, 760 218,378,233 202, 283, 359 105, 272, 029 80,529,774 196, 518, 610 101,469, 969 80, 871, 868 78. 345, 510 188.455, 433 92,970, 019 83, 450, 336 186,813,962 87, 611, 029 98, 373, 505 176, 423,172 80,414,049 79, 627, 599 101, 026, 648 173,209,771 78, 889, 309 96, 657, 273 163, 274,372 78,163, 079 90, 910, 622 161,122,128 77, 412,179 84.679,495 158, 303, 779 77,015,419 77,175. 275 142, 665, 594 70, 935, 729 70,432. 992 177,462, 797 70, 306, 909 60, 232, 616 176.456, ,045 69, 990,449 53, 716, 468 170,192,458 48, 067, 706 148, 067, 816 . 69,374,549 66, 344, 409 44, 612, 311 131,217,434 65, 947,229 47, 050, 824 120, 922, 836 65, 668,969 43, 941, 337 120, 885, 869 64,790,439 123,665,756 44, 063,417 64, 252, 069 125, 613, 896 44,197,435 58,925, 899 46,305,066 164, 350, 468 53,361,909 47, 727, 334 139, 606, 354 52, 647, 809 46,010,546 97,353, 776 51, 507, 769 44. 527, 722 138, 593. 280 48, 843,189 51, 387,979 139, 486,496 48, 751,009 50,044,014 139, 998,154 48,539, 569 53, 425, 367 147, 690,978 56,746,018 155, 893.932 48, 381, 569 00,651,509 155,354,066 48,117, 579 60, 208, 542 149, 410, 926 • 49,081,089 57, 340, 757 143, 557, 513 50, 645, 539 54,409,512 143, 360, 839 50,417, 659 45, 590, 866 129, 567,945 50, 233, 979 29, 820, 315 113,198, 707 49, 936,439 Net. $177, 386, 285 ' 187,988,948 185, 287, 715 186, 235, 572 190, 544, 854 190, 232, 405 184, 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, 241 133,207,164 117,667,723 121,113, 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, 367 110,444, 391 114,156, 316 119, 395, 509 124, 006,320 12^. 409, 657 12.1, 266, 663 108,183,713 103, 284, 219 106, 892, 224 97. Oil, 330 95,048, 641 95, 485, 414 99, 202, 933 96, 009,123 93,582,172 84, 384, 863 82, 959, 049 80, 891, 600 65,650,175 l66, 527,068 106,149,136 100, 202, 009 78, 693, 267 64, 873,025 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, 409 107,512,363 107,236,487 100, 329, 837 ' 92, 911, 974 92, 943,180 . 79, 333, 966 63,262, 268 195 TEEASUEEE. No. 2 2 . — G O L D C O I N AND B U L L I O N I N T H E TREASURY AT THE END OF EACH MONTH, FROM JANUARY, 1890—Continued. Month. 1896—January Fel)ruary March April.' May June July August September October Ncvember : December 1897—January February March-.' A.pril : May June July August . September October November December 1898—January Pebruary Marcb April •May ' Juno July August September October Noveinber December 1899—January February March April May June July August September October November December 1900—January February March April May June July : August °. Septeraber October November December 1901—Jannary February March April May June July Auguat September October Coin. --. .^. .\ Bullion. $84, 225,419 $15, 467, 938 $99, 693, 357 140,874, 515 26,821,484 167, 695, 999 142,831,047 171, 885,710 29, 054, 663 135, 594, 838 168,446, 459 32, 851, 621 151. 307,143 32, 662, 860 118, 644, 283 144. 020, 364 32,217,024 111, 803, 340 150, 012, 225 119, 371, 284 30, 640, 943 139,825, 200 33, 264,086 106, 561,114 162,771,311 40, 998, 574 121, 772, 737 155, 323, 833 47, 617, 328 107, 706, 505 169,527,102 51, 969, 827 117, 557, 275 175, 203. 983 54, 565, 385 120, 638. 598 182, 387,122 52,286„759 130.100,363 186, 206, 028 46, 849, 625 139, 356, 403 37, 254, 294 189, 242, 803 151, 988, 509 32, 786, 057 1.57,976,832 190, 762, 889 26, 539, 659 155,167, 732 181, 707, 391 25,547, 082 378,076,657 152, 529, 575 28, 929,752 178, 044, 578 149,114. 826 181, 234,165 150.003, 810 31, 230, 355 184, 561, 664 154,338.370 30,223,294 190, ,387, 257 153,417.732 36,969,525 194,089,260 351,965,892 - 42,123,368 197,469, 236 151,910,376 45, 559, 060 20.0, 731, 552 351,266,475 49, 465, 077 204, 063, 971 153,609,155 „52,454, 816 230,903.334 147, 256, 076 63, 647, 258 217,190,136 133,518.601 83,673,535 207,701,264 110,702,400 96, 998, 864 202, 825, 049 104, 775, 284 98, 049, 765 225,138, 393 125, 843, 472 99, 294, 921 253,377, 494 148, 201, 497 105, 175, 997 278,693,4.52 162. 391, 874 116, 299, 578 143, 800. 498 133, 423, 574 275, 224, 072 138,441,547 338.502.545 276, 944, 092 139, 654, 545 142, 074. 889 281, 729, 434 127, 505, 746 134, 186, 534 261, 692, 280 130, 706,410 127, 385, 067 264,091,477 156, 745, 506 121,560,849 278,"306, 355 158,155, 309 120, 829. 945 278, 985, 254 139, 459, 075 121,742,353 261, 201.428 353,522,596 139,870,884 273, 393,480 152,189, 537 125, 658, 786 277, 848, 323 189,986, 760 127, 460, 201 317, 446, 961 221,271,988 131,730,392 353, 002, 380 240, 800, 255 139, 017, 060 379,817,335 248, 843, 301 141, 809, 806 390,653,107 253, 555, 094 344,476,933 • 398, 032, 027 262, 249, 724 143, 246, 781 403, 496, 505 283,859,663 413,491,673 131,632,030 294, 373. 598 127, 627, 317 422,000,915 302 070,279 426, 989, 371 124,919,092 305, 941,131 116, 965, 713 422, 906, 844 308, 734, 471 112,378.183 421,132,654 307. 427. 400 123,743, 385 431,170, 785 312,231,333 428, 652, 338 116,421, 005 314, 467, 816 124, 773, 695 439, 241, 511 315, 780, 331 142, 485, 812 458, 266,143 474, 482, 084 324, POO, 800 149,581, 275 479, 349, 251 328, 227, 537 151,121,714 336, 445, 327 142, 655, 026 479,100, 353 350, 513,156 138,185, 647 488. 698, 803 497. 332, 743 358,073,187 139,261,556 500, 026, 852 374,203,162 325,823,690 384,465. 094 111, 252, 480 495,717,574 494,323,533 385, 309, 502 109,012,031 50.5,423.230 389, 194.065 116,229,365 517, 798, 435 394, 685, 284 123,113,3.^1 529,152,523 398, 024, 919 131,127,604 401,105,665 139, 919, 488 541, 025,153 H e l d against certificates. $49,847, 849 43, 733,019 43,239,249 43,052, 559 42,961,909 42, 320, 759 39, 293, 479 38, 867, 639 38,736, 639 38,197, 309 38,016,749 37, 887, 439 37, 586, 629 37,544, 81937,456, 339 37, 421, 999 37, 387, 829 37,285,919 37, 226, 879 37, 017, 789 36, 898. 559 36, 814,109 36, 725, 409 36, 557, 689 . 36,494,759 36, 440, 789 .36,319,199 .35,951,999 35, 883, 209 35, 820, 639 35, 693, 679 35,473, 009 35, 393. 909 35, 338, 909 • 35, 280, 649 35, 200, 259 33,039,939 .32,-966, 839 32, 892, 649 32, 845, 029 32, 786,189 32, 656, 269 32, .593. 789 68, 688, 989 98, 673,559 127, 593, 519 150, 908, 202 161,122, 797 184, 882, 889 . 181, 266, 337 173. 642, 851 197. 527,409 204.049,299 200, 555. 469 207, 603, 409 210, 388, 369 209,110, .349 215, 595,'969 233, 246, 349 232, 789. 929 257,93 6,709 257, 548, 739 248, 286. 099 253, 259, 799 251, 285, 329 245,735,739 255, 467, 399 259, 342, 649 277, 517,169 281, 678, 659 Net. $49,,845, 508 123,, 962, 980 128,:, 646,461 125,., 393, 900 108,;, 345, 234 101,,699, 605 110,, 718,746 100,, 957, 561 124 ,034,672 117,•, 126, .524 131 , 510, 353 137,, 316. 544 144,:, 800, 493 148,, 661, 209 153 , 786,464 153,i, 340, 890 144,, 319, 562 140, I, 790, 738 140,I, 817, 699 144,, 216, 376 147 ,663,105 153 .573.148 157,,363,851 160, 1,911, 547 164,, 236, 793 167,', 623,182 174 ,584,135 181, 238,137 171, 818, 055 167 ,004, 410 189,, 444,714 217, ', 904, 485 243,, 297, 543 239,, 885.163 241 , 663,443 246,, 529,175 228,i, 652,341 231 , 124, 638 245,.,413,706 246,\ 140, 225 228,, 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,I, 461, 962 218,1, 857, 545 220,I, 557,185 223,i, 567, 376 218,1, 263, 969 230,1,131,162 242,,670,174 243 ,235,735 246,,561,322 221,, 183, 644 231,,150,064 249,I, 046, 644 246,1,767, 053 244.,9l32, 245 248 .605,794 249,^955, 831 258,, 455, 786 251 , 635, 354 259,, 346,494 196 REPORT ON THE N o . 2 3 . - -SiLVER 1890—January Pebruary March April May Jxjl3© July August....... September... October November ... December I89I—January Februai-y Marcb April Mav June July August September... October November ... December 1892—January. February Marcb April.... May.-,...... June July August...... September... October November... December . . . 1893—January February Marcb April May June July August...... September... October November ... December ... 1894—January February Marcb .". ... April May June July . August... September . . . October November ..December 1895—January February Marcb April Mav . . . June July August September ... October November ... December C O I N AND BULLION IN THE T R E A S U R Y AT THE MONTH, FROM J A N U A R Y , 1890. Standard dollars. Montb. Bullion. $11,557,760 .$293, 229, 364 297, 575, 621 11,156, 952 302, 036, 610 10, 709, 439 306,429, 289 9, 4.32. 627 '309,988,092 8,955,254 333,259,910 10, 649, 450 314,744.998 11, 658, 805 316, 071, 592 12, 832, 692 315,495, 812 14,485,014 315, 278, 902 16, 995, 315 317,183,482 18, 796, 046 320, 433,982 20, 299, 954 326, 747, 056 21, 277, 979 331, 040, 452 22, 671, 532 334, 684, 317 25, 870, 383 338,588, 509 27, 600,434 343, 004, 448 29, 172,111 347, 976, 227 31, 729, 052 348, 471, 389 36, 583,124 • 349, 25(J, 571 40,146, 730 .348, 341,193 .43,973,513 347, 339, 907 47, 580, 682 348,191, 920 50,316,836 349, 217. 549 53, 969, 468 351, 6.53,110 57, 940, 046 352, 920, 220 61,401,457 354, 063, 617 65, 720, 466 355, 500, 903 68, 912, 657 356, 468,435 72, 501, 576 3.57,189, 251 76,669,351 357, 384, 873 80, 479,594 357, 343, 849 83,483, 551 356,173, 732 86, 000, 554 354, 740, 380 89,372,354 354, 536. 029 92,999,927 355, 054, 049 • 96, 743, 988 357, 410, 597 99, 282, 961 358, 474, 895 102,973, 771 359,490,135 106, 709.122 360. 359, 922 110,335,196 361, 278, 816 114,289,140 362. 302, 707 118,173, 820 363,108, 461 119, 277, 735 357, 677, 820 122, 200, -"60 360, 499, 882 124. 242, 787 360, 606, 732 . 126, 261,553 360, 906, 628 127, 262, 267 361,463,188 127, 207, 874 363, 597, 057 127, 215,171 364,758, 231 127, 216, 957 365,807,734 127, 220, 207 366,677,908 127, 228, 437 367, 380, 338 127, 233,643 368,141. 831 127,267,347 368, 796^ 668 127,113, 7.53 368,991, 724 126, 454, 771 366,900,365 .126,104, 475 365, 332, 738 125, 261, 863 364, 726, 543 125, 351, 523 364; 537, 659 125, 014,161 366, 753,119 124, 852, 679 368,177, 389 124,551, 374 369, 009,182 124, 673,187 369, 713, 330 124, 583, 685 370,464, 649 124, 528, 559 371, 306, 057 124,479, 849 371,542,533 124,670,701 370, 704, 376 124, 687, 226 368,142, 782 124, 652, 406 364, 935, 217 124, 721, 501 364, 528, 596 1.24, 603, 759 364, 083, 702 124 612, 532 FINANCES. Subsidiary silver. $22,506, 504 22, 758, 530 22, 814, 565 22, 989, 474 22,902, 558 22, 805, 226 22, 333, 891 21, 858, 259 20, 563, 709 19,551,410 19,066, 586 18, 9S7, 690 19,973.211 20, 352, 665 20, 486, 094 20, 568,406 20, 063, 882 19, 656, 695 19. 368,142 18,440, 722 • 16, 846. 620 15,196, 379 • 14, 389, 585 13, 789, 325 14, 494,842 14, 787, 832 14, 746, 917 14,600,427 14,459,497 14, 224, 714 14,153, 063 13,575,773 12, 551, 498 11, 499, 579 10, 960,183 10, 571, 481 11, 346, 523 10, 971, 876 11,165,155 31,113,573 11,394,610 11, 855, 944 12, 556, 749 12, 700, 829 13,496,416 12, 667,195 11,438,708 11, 639, 467 15, 932, 847 16, 594, 888 17, 073, 268 17,502,320 17, 582, 973 17, 889, 531 17,970,261 37,720,835 16,809,733 35,424,113 14,724, 392 14, 483, 636 15,481, 586 16,131,145 16, 577, 511 16,516,559 16, 589, 443 16, 552,845 16, 532, 936 36,055,743 14, 882, 337 13, 426,421 13,032,387 12, 764, 321 END OF EACH Total. Dollars and b u l l i o n field a g a i n s t certificates a n d notes. Net. $327, 293, 628 331 491,103 335 560, 614 338 851, 390 341 845, 904 346 714, 586 348 737, 694 350 762,543 350 544, 535 351 825,627 355 046,114 359 721,626 367 998, 246 374 064.649 381 040,794 386 757,349 392 240, 441 399 361, 974 .404 422, 655 407 844.023 409 361,326 410 116, 968 412 898, 341 416 970, 342 424 088,598 429 309,509 434 531,000 439 013,987 443 429, 508 448 083,116 452 017, 530 454 403,173 454 725, 784 455 612,113 458 496,339 462 369,538 468 040,081 472 420, 542 477 364, 392 481 788, 691 486 962, 566 492 332, 471 494 942, 945 492 579, 409 498 239, 085 499 535, 480 499 587. 603 500 310, 529 506 745,'075 508 570, 076 510 301,209 511 408, 465 512 194, 954 513 298, 709 513 880, 682 513 167, 330 509 814,353 506 018, 714 504 802,458 504 035,456 507 087,384 508 859, 908 510 259, 880 510 813, 574 511 582 651 512 338', 751 512 746.150 511 447, 345 507 677. 525 503 083,139 502 164,742 501 460, 555 $281, 331, "71 284,176,262 290, 605, 562 292, 923, 348 294, 656, 083 297, 210, 043 298, 748, 913 307, 080. 210 317, 390, 207 322,155,177 327, 835, 299 332, 379, 963 • 332, 648, 086 336, 972,959 346, 725, "35 354, 664, 640 356, 218, 725 357. 592, 565 362,285,149 377,274,356 386, 267, 617 380,867,912 393, 833, 262 398,144, 670 401,691,307 410, 377, 398 415, 285, 347 420, 518, 586 424, 682,153 428, 592, 874 432, 902, 993 437,071,782 439, 334,162 441,163, 765 444, 261, 546 446, 780, 634 451,139,349 •453,146,985 458,449,101 460,777,504 465, 305,466 473,679, 392 478, 474, 738 476,088, 294 476, 274,174 '478,4.52,420 481, 875, 626 482, 705, 801 483, 232, 216 484,120,431 482.347, 581 483,119, 052 482, 639, 701 479,678 798 476, 938, 864 477, 369, 346 482,129, 986 482, 283, 869 483, 296,154 481, 901, 515 477, 218, 813 476, 521, 572 474, 076, 845 472, 799, 742 469, 597,451 465^ 820i 152 465, 845, 398 468, 267, 541 474,101,117 474,548,516 475,439,173. 473, 847,928 $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 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 20, 249, 056 19, 065, 079 18,831.672 22, 397,291 18, 732, 111 19, 245, 653 18,495v401 38,747,357 19, 490, 242 3.9,114, 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 21,011,187 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 36,941,838 35, 797, 984 27, 684, 367 23, 734, 845 21,506,304 22,133, 941 29, 868, 571 32, 338, 336 36,383, 035 38,013,832 41 985 '^00 40,518, 599 46, 900, 752 43.179, 804 33, 576, 408 28,534, 623 26, 725,569 27, 612, 627 197 TEEASUEEE. No. 2 3 . — S I L V E R COIN AND BULLION I N T H E TREASURY AT T H E E N D O F EACH MONTH, FROM J A N U A R Y , 1890—Continned. Month. Standard dollars. $366, 659,953 1S9G—January 369, 273, 688 February March . . . . . . . 371, 497,164 374,187, 554 April 376, 572, 499 May 378, 614, 043 June .' 379, 852, 244 July 381, 056,160 August September... 380, 688, 963 381, 361, 339 October Noveinbtr . . . 382, 972, 296 384. 584, 572 Deceraber 388, 617, 255 1897—January 390, 939, 629 February 393,211,322 Marcli 395, 342,193 April 397,511,546 May 399, 992, 540 June. 400, 338, 020 July . 398,908,078 .^.ugust Septeraber... 394,948, 022 392, 517, 014 October Noveraber . . . 392, 933, 031 394, 327, 049 December 397, .589, 829 1898—Januaiy 399, 079, 443 February 400, 037, 825 March 401, 323, 414 April.: 403, 583, 999 May 404, 736, 731 June 405, 013,186 July 406, 266, 209 August Septeniber... 404, 045, 769 403, 399, 342 October November . . . 404, 258. 264 405, 061, 304 December 1899—January . . . . . 408. 351, 769 Pebruary . . ^ 410,157, 482 410,656,670 March... 412, 803., 833 April 415, 600, 941 May 416,869,480 June 417, 263, 958 July...-. August 416,364,995 September... 413, 367,133 411, 760, 636 October November . . 411,792,153 413,322,656 December 417, 404, 684 1900—January 418, 092, 709 February 4^2, 234,131 March April :. 425, 921, 246 428,165, 552 May June 430, 341, 739 " 431,641,874 July 430,975,719 August Septeraber... 430,125,050 430, 309, 821 October November . . . 432, 439, 956 Deceraber . . . 432, 967, 264 438, 532,100 1901—January 441,393,223 February 444,313,015 March 447,113, 395 April 450, 369, 592 Mav tr-^J 454, 468,147 JJ uu lnye 455, 667, 412 456,167, 001 August September... 456,125, 010 October 455, 236, 819 Bullion. Subsidiary silver. Total. $124, 575,129 $14,186, 737 $505, 421, 819 123,171, 286 14, 820, 486 507, 265, 460 122,187, 206 15, 246, 374 508, 930, 744 120, 939, 560 15,459, 003 510,586,117 512,199, 837 119,989,914 15, 637, 424 15] 730, 976 533,398,714 119, 053, 695 118,753,758 514, 610,147 1.6, 004,345 116, 681, 740 15, 909, 801 513,647, 701 114, 829, 399 15,126,483 . 510,644,845 113, 064, 557 14, 632, 846 509, 058. 742 112,137, 954 14,570, 200 509, 680,450 110, 815, 247 14, 215, 766 509, 615, 585 109, 704, 519 15,414, 575 513, 736, 349 108, 914, 614 15, 805, 023 515, 659, 266 107,862, 462 ' 15, 974,428 517, 048, 212 106, 990,150 16,163,767 518,496,110 106, 042,492 16, 210, 920 519, 764, 958 104. 591, 039 16,210,344 520, 793, 923 105,109, 460 10, 286, 660 521, 734,140 105,125,123 15, 335, 285 519, 368, 486 105,078,550 13,455,175 513, 481, 747 104, 853, 852 11,983,078 509,351,944 103,531, 722 11,191,630 507, 656, 383 102, 284, 736 10, 679, 899 • 507, 291, 684 101,379,358 11, 707,173 510, 676,160 100,819.300 11,960,092 513,858,835 99, 829, 432 11, 965, 278 512,432, 535 99, 551, 902 32,018,967 512,894,283 08,-443, 952 12,044, 089 514, 072, 040 98,195, 494 12, 097, 682 515, 029, 907 514, 879, 966 97,871,697 11, 995, 083 96,141, 237 10,993,449 513, 400, 895 96, 066, 097 9,196, 708 509, 308, 574 94, 675, 773 7, 854, 660 505, 929, 775 9 \ 359, 250 6, 673, 205 504,290,719 92,192,207 5, 959, 343 503,212,854 91, 228, 953 6,931,831 506, 512, .553 90,189,188 7,185,217 507, 531, 887 88, 825, 937 6, 894, 375 506, 376, 982 87, 916, 328 6, 926, 631 507, 646, 792 85, 909. 876 6, 593, 355 508,110,172 85, 288, 249 6,070. 497 508, 228, 226 84, 933, 898 5, 381, 817 507, 579, 673 4,130,192 505,059,814 84, 564, 627 83, 783. 745 2,477, 571 499, 628,449 82. 359, 030 2, 379, 613 496, 499, 279 81,749,335 3,187, 384 496, 728, 872 80, 885, 683 2, 992, 400 497,200,739 79, 721, 632 4,917,001 502,043,317 78,370, 617 5, 308, 841 501, 772,167 74, 974, 311 5, 373, 882 502, 582, 324 72, 838,333 5,512,174 504, 271, 753 71, 253, 621 6, 013, 488 505, 432, 661 6, 606, 972 506, 964, 446 70, 015,735 69, 425, 982 508. 303, 726 7, 235, 870 68, 076, 004 7,705,386 506 756, 909 65, 054, 052 6, 568, 555 501,747,657 63,471,119 5,641, 098 499, 422, 038 61, 314, 851 5,482, 866 499, 237, 673 60. 799, 687 4, 446, 010 498, 212, 961 58, 463, 601 6, 505, 826 503,501,527 57,179,892 • 7, 2;<0, 550 505, 801, 665 54, 638, 865 9,016,799 507, 768, 679 52, 827, 901 9, 829, 207 509, 770, 503 50, 456,037 10, 553,103 513,378,732 10, 790, 201 513, 637,120 48, 378,772 47, 553,124 10,314,823 513, 535, 359 45,386,477 10, 520,157 512, 073, 635 43, 263, 268 9, 075, 394 508,463,673 41, 823, 916. 8,464, 829 505,525, 564 Dollars a n d bullion held a g a i n s t certificates a n d notes. Net. $468,938, 619 $36,483, 200 469. 265, 223 38, 000, 237 473,113,706 35, 817, 038 471,903, 693 38, 682,424 467, 698, 360 44, 501, 477 460, 942, 789 52, 455, 925 459, 999, 951 54, 610,196 472,481,374 41,166, 527 479, 435, 754 31,209, 091 481, 006, 402 28, 052, 340 477, 989, 401 31,693,049 476, 472, 080 33,143, 505 479, 734, 813 34, 001, 536 481, 259, 781 34,399, 485 481,157,433 35. 890, 779 480, 450, 219 38, 045, 891 478,551,088 41,213, 870 473, 203, 648 47, 590, 275 471,852,930 49, 881, 210 480, 535, 617 38, 832, 869 485, 954, 579 27, 527,168 482,152,399 27,199, 745 481, 092,247 26,564,136 483.043, 872 24, 247, 812 479, 047, 220 31, 628, 940 484, 956, 707 26, 902,128 491, 386,178 21, 046, 357 495,377.854 17, 516,429 493, 206, 545 20, 865, 495 491, 866, 360 23,163, .547 489,332,710 25, 547, 250 492, 250, 653 21,150, 242 491, 975, 015 17,333,559 489, 010, 855 16, 918,920 490,011,426 14, 279, 293 488,855, 275 14,357,579 488,319,964 18,192, 589 491,911,985 15,619, 902 493,828, 286 12, 548, 696 494, 897, 529 12, 749, 263 495,323, 922 12, 786, 250 4 9 \ 3 8 7 , 6 2 3 12, 840; 603 406,168,675 11,410,998 8,911,189 496,148, 625 491, 321, 161 8, 307, 288 484,-804, 519 11,694,760 483. 319, 080 13, 409, 792 483, 36i; 096 13, 839, 643 484, 390, 325 17, 652, 992 487, 301, 487 14; 470, 680 488,418, 359 14,163, 965 489,822,810 14, 448,943 487, 917, 649 17,515,012 484,526, 347 22,438,099 484, 095, 294 24, 208,432 486, 263, 727 20,493,182 487, 979, 735 13, 767,922 486, 943, 745 12,478, 293 485, 061,407 14,176, 266 483, 796, 403 14,416,558 478,017,322 25, 484, 205 478, 297, 690 27, 503, 975 481, 087, 320 26, 681, 359 482, 453, 522 27,336,981 479, 404,818 31,973, 914 477, 423, 738 36,213,382 477, 079, 769 36,455, 590 477, 983, 842 34, 089, 793 478,463,962 29,999,710 483, 244, 337 22,'281,227 198 No. REPORT ON T H E FINANCES. 2 4 . — U N I T E D STATES NOTES, T R E A S U R Y N O T E S , AND NATioxAL-BANii: N O T E S IN THE TREASURY AT T H E E N D OF EACH M O N T H , FROM J A N U A R Y , 1890. Month. 1890—January February.... April May July August September... October Noveniber . . . December 1891—January February Marcb April May ° June....' July August September... October November . . . December 1892—January February March April May Juue July August September... October November . . . . December 1893—January February • March April May June July August September . . . October November . . . December 1894—January . . . ' . . February Marcb April Mav June July August September . . . October November . . . December 1895—January February Marcb April Mav June July August September... October November . . . Deceinber United States notes. Treasury notes. $19, 236, 224 19, 823, 865 14 579,657 16, 004, 411 19, 747, 799 23, 634,190 23^983,412 19, 393,710 """$2," 233,'ibb' 12, 765, 290 962, 500 12, 263, 263 2,481,649 11,105, 720 2, 039,144 10; 005, 631 2,193, 717 18, 355, 508 3, 702, 294 18, 676,165 4, 279, 421 12, 650, 818 3,371, 227 14,496, 398 4,710, 946 19, 362, 270 7,565,067 9, 765, 252 22 966, 744. 11, 309, 957 26, 788,452 13,937,685 28, 984, 580 19, 949, 815 7,045, 902 14,127, 027 2,251.780 13, 316, 707 1,976, 366 12, 913, 665 2,031,045 16, 583, 703 .5, 514. 681 24, 549,328 • 9, 517, 659 22, 776, 054 11,996, 788 21, 895,155 11,726,920 28, 227, 714 10, 323, 314 3, 660, 414 34, 806,176 3, 809, 869 34, 828, 738 5, 268, 551 29,132, 596 24,077, 858 5,482, 485 14, 600, 782 2, 043, 810 12, 908,139 1, 319,154 35,747,476 2, 705, 967 26, 986, 878 4, 019,143 32,506, 274 5, 420, 240 29, 887, 702 6, 533, 367 26,873, 899 10, 290, 675 27, 658, 693 10, 684, 691 25, 805, 333 6, 528, 533 22, 286, 612 4,532,210 35,042,956 4, 461,749 14,452,110 2,494,841 24, 788, 988 1,936,606 35,412,344 2, 683, 223 44,139, 202 1,194, 884 47, 302,190 2,335,506 53, 070, 488 11,962,418 56, 089, 660 11,583, 462 62, 237, 328 11, 786.958 76, 090, 927 12, 605, 052 17, 722, 408 77,908. 645 22, 528, 599 82,116, 791 27, 598, 929 82, 905, 913 79, 397,535 30,113,893 66, 206, 311 28,425,172 69,770, 527 26,404,164 81,939,158 28, 369, 950 89, 681, 673 33,571,316 84, 692, 758 36, 455,457 89, 745, 257 28, 872,489 79, 287, 111 27, 743,971 79, 742, 984 30, 089,473 30,109, 692 81, 571, 560 75, 331, 689 31,485,899 99,144, 203 35,058,618 106, 316, 600 36, 630,854 107, 694, 736 26, 565, 611 111, 768,519 24, 322, 958 115, 825,143 22,044, 511 Nationalbank notes. $6,172, 760 4,339,314 3,937,196 3, 942, 536 4,289,295 4, 351, 767 4,766, 359 5,063, 228 4, 620, 511 3, 662, 638 3, 416, 944 3, 349, 587 6, 320,151 4, 970, 038 3, 415, 237 4, 055, 760 5,189, 490 5, 655,174 5,924, 947 6, 822, 252 5,695,080 5, 738,795 4,841,754 4, 651,152 6, 028, 889 4, 792, 427 3, 884,496 4, 409,486 5, 071, 384 5, 376,893 5, 931, 778 6, 623, 311 7,701, 652 7, 208, 009 5, 828, 486 6, 043, 059 7, 768,170 5, 578,128 3,827, 111 5, 085, 299 5,243, 455 3, 982, 733 3, 620,150 3,1.57, 587 7, 815, 481 11,.'566„766 12, 808,547 12, 357, 628 14, 526, 887 12, 640, 479 10, 758, 809 8, 750, 439 7, 520, 998 6, 598, 893 4,895,465 5, 567,162 5,017,748 4, 970,188 4,169, 283 4, 759,972 6, 333,175 5,154, 293 4, 449, 893 4, 959, 625 4, 899, 226 4, 643,489 5, 642,488 7, 600, 591 6, 018. 775 6, 523, 602 6, 391, 746 7,063,137 Total. United States notes held a g a i n s t certificates. Net. $25,408, 984 $11, 630, 000 $13, 778,984 24,163,179 10, 230, 000 13, 933,179 18, 516, 853 7, 660, 000 10, 856, 853 19, 946, 947 8, 795, 000 11,151, 947 24, 037, 094 9, 855, 000 14,182, 094 27, 985, 957 11, 830, 000 16,155, 957 28, 749,771 11, 820, 000 16, 929, 771 26, 690, 038 8, 820, 000 17,870, 038 18, 348, 301 6, 990, 000 11, 358, 301 18, 407, 550 6, 910, 000 13,497,550 16, 561, 808 6,270, 000 10, 291, 808 15, 548, 935 . 6,810,000 8, 738, 935 28, 377, 953 11,360,000 17, 017, 953 27, 926, 224 12, 270, 000 15, 656, 224 19, 237, 282 11,145, 000 8,092,282 23,263,104 14, 000, 000 9,263,304 32,316,827 17,750, 000 14, 366, 827 38, 387,170 21, 365, 000 17, 022,170 44, 023, 356 27,265, 000 16,758,356 49, 744, 517 28,455, 000 21, 289,517 32, 690, 797 17, 845, 000 3.4, 845, 797 22,117, 608 10, 765, 000 11, 352, 608 20,134, 827 9,765, 000 10,369, 827 19, 595, 862 9, 265, 000 10, 330, 862 28,127, 273 16, 760, 000 11, 367, 273 38, 859,414 29,350,000 9, 509, 414 38, 657,338 29, 840, 000 8, 817, 338 38,031, 561 30, 210, 000 7, 821, 561 43,622.412 33,730, 000 9, 892,412 • 43,903^483 29,830,000. 14, 073, 483 44,570, 385 26,720, 000 17,850,385 41, 024, 458 22,210, 000 18, 814, 458 37, 261,995 17, 290, 000 39.971,995 23, 852, 601 10, 550, 000 13, 302, 601 20, 655, 779 8, 230, 000 12,425, 779 24,496, 502 7,100,000 17, 396, 502 38, 774,191 14,450, 000 24, 324,191 43, 504, 642 19, 250, 000 24, 254, 642 40, 248,180 16, 670, 000 23,578,180 42,249, 873 15, 840, 000 26,409, 873 43, 586, 839 16, 955, 000 26,631,839 36, 316, 599 11, 935, 000 24, 381, 599 30,418, 972 7, 855, 000 22, 563,972 22,662, 292 5, 605, 000' 17, 057, 292 24, 762,432 , 8,200, 000 16, 562,432 38,272, 360 22, 325, 000 15, 947,360 50,904,114 33, 205, 000 17, 699,114 57,691,714 39, 045, 000 18, 646, 714 64,144, 583 44, 935, 000 19, 209, 583 77,673,385 47, 805,000 29,868, 385 78,431,931 52, 720, 000 25, 711, 931 82,774, 725 57, 270, 000 25, 504, 725 96, 216, 977 59, 250, 000 36, 966. 977 102, 229,946 58, 935, 000 43, 294, 946 109, 540, 855 61, 695, 000 47, 845,855 116, 072, 004 58, 065, 000 58, 007, 004 114, 529,176 55, 755, 000 58, 774,176 99, 601, 671 54, 045, 000 45, 556, 671 IOO, 343, 974 57,135, 000 43,208,974 115,049,080 47, 005, 000 68, 044, 080 129,586,164 37, 625, 000 91,961,164 126, 302, 508 36, 925, 000 89, 377, 508 123, 067, 639 36, 825, 000 86, 242, 639 111, 990,707 37, 295, 000 74, 695, 707 114,731,683 48, 245, 000 66, 486, 683 116, 324, 741 55, 405,000 60, 919, 741 112,460,076 56, 920, 000 55, 540, 076 141, 803,472 76, 555, 000 65, 248,472 148, 966, 229 63,840,000 85,126, 229 140.783,949 56.740, boo 84, 043, 949 142,483, 223 45,935, 000. 96,548, 223 144,932, 791 31, 605, 000 113, 327, 791 109 TEEASUEEE. N o . 2 4 . — U N I T E D STATES N O T E S , TREASURY NOTES, AND NATIONAL-BANIC N O T E S I N THE TREASURY AT THE END OF EACH MONTH, FROM J A N U A R Y , 1890—Continued. Month. United States notes. $100, 935,176 ISO'O-January February 106, 222,443 March 114,392, 534 April 109, 331, 635 May 121,118,261 121, 229, 658 June July 109,270,478 114,736,282 August Septeniber... 97,133,716 October 89, 730, 690 November . . . 71, 975, 533 Deceinber 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 92, 2-18, 702 August Septeraber... 94, 885, 472 October 87, 684, 018 November... 84,498, 016 Deceinber 84,200,.089 1898—January 72, 958, 606 February 82, 516, 830 March 79, 375,429 April .58, 632, 698 May 56, 478, 029 60,108, 687 June 68, 596, 829 July 74, 285,435 August S e p t e m b e r . . . . 55, 020, 851 October 40, 379, 396 November... 34, 944, 970 December 34, 265, 278 1899—January 37,037, 858 February 38, 375, 618 Marcb 36,161, 899 April 34, 623, 611 Mav 35, 585, 592 36,133, 667 June 35,351, 022 July August 36,550, 595 September. . 31,726,416 October 29,416,350 Noveraber . . . 28, 869, 040 Deceraber . . . 28j 411, 651 ] 900—January 29,180. 704 February 28, 339, 650 Marcb.: 23, 878, 372 April 19, 848, 568 May. 23, 928, 067 30, 066, 902 June July 28, 779, 065 August 28, 724, 045 Septeraber... 22,174, 702 October 13, 385, 955. Noveniber . . . 13,011,657 December 12, 093, 521 1901—January 13, 626, 612 February 11, 969,294 9. 791, 535 March April 9, 070, 898 12,197, 634 May 14,213,003 June July 13, 860, 317 August 12, 705, 392 September... 8,651,150 October 7, 899,988 United States notes held a g a i n s t certificates. Treasury notes. Nationalb a n k notes. $27,103, 095 30, 644, 730 32, 352, 314 32,148, 255 33, 304, 774 34, 465, 919 34, 394, 748 35, 478,756 36, 040, 233 39, 269,516 41, 529, 379 35, 645,059 35, 664, 898 32, 003, 659 26, 886, 470 24,442, 653 29.140, 874 30' 962, 083 32i 350, 393 29, 526, 968 21, 518, 217 7, 553, 325 3,116, 882 2,904, 344 4, 733, 614 6,204,850 3, 905, 848 3,102, 310 1,754, 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 1, 854, 540 1, 252, 773 724, 941 837, 941 803, 243 779, 503 682, 060 497, 349 113, 812 84, 540 86, 670 166, 841 186,169 99, 673 152, 768 84, 903 106,716 242, 755 113. 095 132, 583 81, 219 49, 386 $10,409, 650 $138,447,921 $28, 925, 000 $109, 522, 921 8, 630, 538 145,497, 711 32, 825, 000 112,672,711 7,110, 998 153, 855, 846 34,460,000 119, 395, 846 7, 587,158 149, 067, 048 32, 930,000 116,137, 048 10, 002,385 164, 425, 420 33,430, 000 130, 995,420 166, 364,197 33, 840, 000 134, 524,197 10, 668, 620 11, 933, 422 155,598,648 41, 540, 000 114, 058, 648 13,815,370 38, 395. 000 125, 615, 408 164,010,408 12,834,494 146, 008,443 34,305,000 111,703,443 12,981, 868 141, 982,074 32, 465,000 109, 517, 074 13,063,471 326,568,383 38,470, 000 88, 098, 383 14, 278, 970 135, 237, 287 50, 330, 000 84, 907, 287 17, 328, 389 131,188, 067 65,350,000 65, 838, 007 15,005,984 132, 956, 043 76,525,000 56, 431, 043 11, 374, 958 136, 428, 804 74,460, 000 61, 968, 804 8, 676, 050 132, 061, 583 . 69,905,000 62,156, 583 68, 297,885 7,109, 698 134, 082, 885 65, 785, 000 5, 030, 919 134,090, 440 61,130, 000 72, 960, 440 132, 330, 248 62, 335, 000 5, 688, 793 69, 995, 248 126, 293, 517 63, 275, 000 4, 517, 847 63, 018,517 3,814,835 120, 218, 524 52,825, 000 67, 393, 524 4,998,032 100, 235,355 48, 285, 000 51, 950, 355 4,678,007 92, 292, 905 48, 640, 000 43, 652, 905 5,186, 886 92, 291,319 43, 315, 000 48, 976, 319 6,162, 923 83, 855,143 49, 075, 000 34, 780,143 3,417, 842 92,139, 522 48,430, 000 43, 709, 522 2, 739,491 86,020, 768 37, 900, 000 48,120, 768 2,728, 961 64, 463, 969 26, 915, 000 37,548, 969 3, 086, 734 61. 319,188 26, 540, 000 34,779,188 67,420,861 4, 770, 474 26, 045,000 41, 375, 861 4,723,423 21,975,000 77, 797,979 55, 822, 979 S3, 040, 785 4,415,724 20,280, ono 62, 760, 785 3, 689, 265 60, 555,113 17, 635, 000 42, 920,113 4, 659,172 46, 302, 068 20, 055, 000 26, 247, 068 4, 675,744 41,032,512 20,190, 000 20, 842, 512 5,480,141 43,325,958 20,465,000 20, 860, 958 5,748,207 44, 774, 592 22,170, 000 22, 604, 592 3, 709, 35.) 43, 391, 798 23,105, 000 20, 286, 798 2. 873, 462 39,913,940 22, 335, 000 17, 578,940 3, 919, 501 39, 502, 351 21,265, 000 18, 237, 351 4,029.191 40, 538, 281 21,340, 000 19,198, 281 3, 518, 277 40, 564,432 20,855,000 19,709, 432 3, 575, 093 39,847,859 19,955,000 19, 892, 859 3, 632, 408 41,048, 651 19,170, 000 21,878,051 3,640,442 36, 576, 963 15,870, 000 20, 706, 963 3, 999, 431 34, 350,167 13,73.5, 000 20, 615,167 4, 006, 282 34,459, 922 13, 605, 000. 20, 854,922 4, 275, 580 34,073,360 11, 980, 000 22, 093,160 6,182. 982 37, 218, 226 14, .580,000 22,638, 226 3,776, 647 33, 369, 070 15, 270, 000 18,099,070 3,876, 714 28, 480, 027 14, 335, 000 14,145,027 5, 309, 026 25, 995, 535 7, 260, 000 18, 735, 535 6,512,189 31, 243, 497 4, 785, 000 26,458,497 40, 325,297 9,478, 892 3, 705, 000 36, 620, 297 8, 998, 726 38,459, 851 2, 680, 000 35, 779 851 9,676, 801 38, 898,195 2,560, 000 36, 338,195 9, 079, 798 31, 368, 312 1, 820, 000 29, 548, 312 6, 318, 390 19, 788, 885 1,780, 000 18, 008,885 5, 343,130 18,441, 457 1,690,000 16, 751, 457 7, 952,649 20,213, Oil 1, 530, 000 18.683,011 13.461,480 27,274,261 995, 000 26, 279, 261 22,131, 211 10, 062, 244 22,131,211 8, 945, 979 18. 890, 282 . 18,890,282 7, 038. 975 16,194,776 16 194 776 8, 240, 741 20, 545, 091 20,' 545,091 8,615,666 23, 071, 424 23, 071,424 9. 251,181 23. 224,593 23, 224, 593 9, 645, 840 22,483,835 22,483,815 9, 512,334 18, 244, 703 18, -244, 703 8, 237,121 16,186, 495 16,186,495 Total. Net. 200 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 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 TREASURY AT END OF EACH M O N T H , FROM J A N U A R Y 1890. Month. 1890—January . . February . March April May June July August... Septeraber October... November December. 1891—January . . Februaiy . March April May June July August... September October... November Deceraber. 1892—January . . February. Marcb April May June July...... August. -. Septeraber October... Noveraber December. 1893—January . . Febru.ary . 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 . . Februarj^. March April May June July August — September October... Noveraber December. Gold Silver Currency certificates. certificates. certificates. $20,452, 870 28, 222, 835 24,614,210 24,142, 200 27, 473,120 26,162, 960 27, .577,120 33, 005, 730 16, 058, 780 36, 482, 690 43,755,570 31, 384, 690 19, 892, 050 25,155, 770 24,050, 460 27, 309, 200 36,777,810 31, 606, 030 34, 004, 820 37, 721, 280 28, 332,490 20, 790, 420 19, 202,170 17,472, 720 17,486, 810 18,150,140 23, 673, 770 21, 931,180 14, 470, 520 15, 363. 590 .17,738,500 23, 847, 210 25, 345, 590 23,181, 990 19,632,830 24, 254, 750 15,729, 770 7,782, 260 5,135,430 8, 888, 310 3, 324, 670 I, 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 55,260 56, 280 751, 370 58, 960 337, 060 80, IOO 84,660 63, 640 102, 390 88, 390 219, 330 209, 820 103, 370 168,230 107, 910 163,450 $3, 254,118 4, 063, 377 3,407, 891 4, 438, 605 4, 936, 023 4, 329, 708 3, 442, 258 4,951,861 1, 852, 364 2,443,197 I, 976, 525 1, 566, 315 3,218, 788 3, 346, 215 3, 757, 247 3, 309, 417 5, 009, 775 7, 351, 037 8,198, 345 6, 624, 888 2, 920, 072 2, 525,759 3,401, 308 3, 954,750 6, 216, 336 3, 280,157 3, 589, 703 3,209,106 3, 613, 837 4, 733, 501 4,472,481 2, 779,159 2, 619, 477 2, 297,772 2, 786, 471 3, 748, 493 4, 953, 844 6,750, 372 5, 267,551 5, 098, 778 6, 650, 912 4,468, 339 2, 843,114 2.882,168 5,909,370 7, 727, 272 5,716, 507 5, 038,854 6,758,196 6, 942, 257 8, 755, 240 9, 367, 524 9, 702, 545 10,054,123 12, 027,766 13.492, 527 9,155,785 6,569, 203 5, 312, 420 5, 846, 720 7, 329, 232 7, 291, 089 7, 374, 748 7, 699, 233 6, 692, 333 9,162, 752 10, 577, 386 7, 741, 243 7, 862, 667 8, 953, 268 8,471, 611 9,625,856 $90,000 250, 000 990,000 140,000 340,000 450, 000 40, 000 410, 000 180, 000 20, 000 320,000 10, 000 140,000 260,000 530,000 270,000 310, 000 1,425,000 180, 000 730,000 1,990, 000 330, 000 370, 000 200,000 90, 000 90, 000 1, 380, 000 340,000 290, 000 490, 000 980, 000 560, 000 970, 000 560, 000 270, 000 490,000 580, 000 510, 000 420, 000 140, 000 825, 000 430, 000 485, 000 60,000 85, 000 100, 000 120, 000 40, 000 40, 000 360,000 140, 000 120,000 300, 000 260,000 720, 000 550, 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 $23, 796, 988 32, 536, 212 29, 012,101 28, 720, 805 32,749,143 30, 942, 668 31, 059, 378 38, 367, 591 18,093,144 38, 945, 887 46, 052, 095 32, 961, 005 23, 250, 838 28, 761, 985 28, 337, 707 30, 888, 617 42, 097, 585 40, 382, 067 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, 067 26, 039. 702 22,689,301 28,493, 243 21,263,614 15,042, 632 10, 822, 981 14,327,088 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 9, 761, 045 6, 905, 483 6, 913, 790 7, 865, 680 11, 286, 292 7, 801,189 8,199,408 7, 842, 873 6, 984, 723 9, 601,142 10, 916, 716 8,481, 063 11, 641, 037 9, 396,498 11, 379, 521 12,634, 306 201 TREASURER. N o . 2 5 . — G O L D CEIITIFICATES, 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 E N D O F EACH MONTH, FROM J A N U A R Y , 1900—Continued. Month. 1896—January . . . February.. March..... April May June July August Sei:)teniber. October • Noveraber. December.. 1897—January... February.. March April May June July August September. October Noveraber . December.. 1898—January... , February.. March April May June July August September. October November . December.. 1899—January..: February.. Marcb..... April May June July August September. October November . December:. 1900—January . . . February.. Marcb April May June July August September. October November. December . 1901—January . . . Fe|bruary.. Marcb April May June July August September. October Gold Silver Currency certificates. certificates. certificates. $131,140 $14 380, 651,470 11 831, 583, 220 11 293, 764, 910 11 .578, 087, 280' 10 629, 497, 430 11 359, 1,393,710 12 375, 1,618,550 11 464, 1,591,900 10 045, 1, 390, 830 8 686, 1,416, 390 11 593, 1, 392, 350 14,227, 1,460,160 11 678, 1,501, 970 9,876, 1, 483, 350 12 535, 1, 517, 690 13 777, 1, 455, 340 11,576, I, 496, 250 17,143, 1, 473, 290 14 465, I, 509, 380 11,249, I, 535, 610 10,532, I, 534. 060 11,331, 1, 548, 740 11,664, 1, 570, 460 229, I, 567, 390 11, 14.959, 1,574,360 11 621, I,607,950 6 859, 1, 603,150 3,638, 1, 602,940 507, 6 1, 599, 510 897, 7, I, 593, 470 803, 9 , 1, 646,140 117. 8, 1, 596, 890 636, 6 1.601, 240 575, 7, 1,620,400 345, 6 1,608,740 098, 7, 1, 630, 060 293, 7, I, 625, 890 5,888, 1,634,180 3 753, 1, 641, 800 3,647, I, 648, 640 3 958, I. 641, 550 4,216, 1, 657, 730 3 939, 13, 529. 430 3,646, 36, 827, 560 5 043, 24, 844, 600 5 657, 23,987,917 6 350, 23, 721, 822 6 423, 23, 330, 930 8 844, 28, 994, 442 7,272, 37.114, 928 6,679, 26, 872, 370 6 301, 25, 834, 880 6 997, 27, 241, 710 7 515, 21, 396, 770 8.595, 25, 587, 310 8,336, 30, 716, 330 4,887, 32,892, 710 3,743, 22, 761,030 3 760, 30, 841,450 5,026, 17, 750, 570 8 857, . 18,492, 250 5,53 3, 28,418, 890 4 634, 30,182.190 4,947, 33, 666, 460 6 307, 43, 241,950 0 373. 35, 538, 290 5 906, 36, 976, 040 5 731, 25, 408, 920 6 642, 31,136, 430 7,837 $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 1,3.00, 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 10, 000 "30,'bob" '7ib,'bbb $14, 831, 305 12, 728, 031 12, 090, 298 12, 708,001 11, 556, 704 12,007,425 14, 379, 543 13, 913.100 12, 046, 930 12, 672, 212 13, 047, 773 16,120, 054 13, 304,131 11, 647, 973 14, 628, 701 17, 330, 255 13,832,036 19, 259, 386 IT, 099,144 13,133, 547 13, 392, 815 13, 205, 645 13,463, 277 14, 040, 372 16, 596, 954 15, 425,437 11.797,556 6, 062, 080 8,170,170 10, 056, 934 12, 496, 5:38 10,043,273 9, 053, 659 9,227,109 8,415,758 8, 927, 249 9,323,880 7, 544, 689 5,947,678 5,349,055 6,067, 502 6, 327,711 5, 696, 839 17,435, 589 42,101,183 30, 531, 8G5 30,428, 621 30,515,510 32,195, 389 36, 366, 459 44,304,569 33, 383, 560 32, 832, 231 34, 757, 363 29, 992, 476 33,923. 583 35, 603, 595 36, 645,965 26, 521, 623 35, 898, 047 26, 608, 248 24, 715, 560 33, 053. 570 35,129, 668 39,973,642 48, 615, 212 41,444, 521 42,707,198 32, 050, 958 38, 974, 093 202 No. REPORT ON THE FINANCES. 2 6 . — A S S E T S OF THE T R E A S U R Y OTHER T H A N ' GOLD, S I L V E R , N O T E S , CERTIFICATES AT THE END OF EACH MONTH, FROM J A N U A R Y , 1890. Month. 1890—January... Februarj'.. Marcb April May June July August September. October — November., December. 1891—January... . F e b r u a r y .. March April May June July August — September . October — November.. December.. 1892—January — F e b r u a r y .. March April May June July August Septeniber.. October . . . : November.. December.. 1893—January F e b r u a r y .. Marcb April May June... July August September . October November.. December.. 1894—January F e b r u a r y .. Marcb April May.. June July August .... September . October November.. D e c e r a b e r .. 1895—January— February... March April ... May June July.. August September . October November.. December.. Minorcoin, Fractional currency. $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, 960 368,036 • 364.597 354,112 322, 389 319, 483 3«5, 784 432, 488 457, 539 480. 226 474,732 460, 993 516,637 554,039 505, 633 482, 329 347,396 355,503 456, 253 523,560 545, 856 574, 557 586, 594 603,903 691, 315 757, 036 859,125 888, 297926, 622 938.939 1,106, 695 3,225,408 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 I, 235, 498 1,123, 511 1,029. 515 1,048, 616 $1,337 121 220 697 871 260 934 1,177 599 191 151 1,429 655 817 3,416 424 678 911 996 1,628 871 54 1,814 178 1,365 592 1,251 1,425 1,481 500 757 1,110 101 69 134 117 2,223 2, 394 457 733 331 429 980 1,283 1,552 1,679 2,188 146 667 886 117 184 203 65 27 57 34 49 49 753 39 41 44 1,344 1,771 607 982 1,150 1,333 725 1,268 113 Deposits in n a t i o n a l banks. $37,990, 111 33,178, 304 31, 992, 314 31,648,899 31,225,998 31,693,166 30, 977, 438 30, 379, 853 30, 297, 111 29,937,688 29, 741,977 30, 047,118 29,289, 043 30,125, 535 29, 894, 903 29, 549,449 29, 545, 361 28,'358, 699 26, 540, 839 22,769,379 21,137, 977 20, 378,104 20,144,069 19,837, 682 18, 944, 387 18, 239,^292 17, 500,750 17, 378, 363 17, 605, 429 16, 851, 886 16,243,518 15,742, 324 15,496, 513 15, 862,415 15, 569, 690 15, 092, 654 15, 405, 998 15,112,204 15,363,808 15, 365, 529 15, 644, 582 16, 093, 221 15, 776, 662 16. 848, 301 16, 280, 076 16,458, 341 15, 799, 334 15, 201, 045 15, 390, 396 14,926,460 15, 064, 697 15,201, 386 15, 484,095 16,121, 589 15, 913, 725 15, 724, 648 14, 859, 909 14, 915, 705 15,398,598 15, 081, 275 14, 829. 738 15, 222, 883 14, 991,633 15,443, 885 15, 303, 377 15,768, 941 14, 501, 071 14, 510, 005 14,773,482 14, 256, 695 14, 408,309 14, 271, 280 AND Bonds and interest paid. $341,109 .$38, 509,953 642, 725 34, 033, 710 87, 091 32, 312, 879 903,922 32, 776, 502 34,428 31, 408, 070 25,816 31,916,024 1, 612, 824 32, 798, 090 4, 536, 6u8 35,137, 010 34, 772, 735 4, 270,478 33, 309, "599 3,195,124 29, 937, 697 . 45,556 27,319 30, 239, 753 246, 733 29, 812,404 49, 014 30, 520, 820 30,826 30, 271, 993 86,239 29, 974,191 46, 244 29.906, 843 16, 413 28, 700, 419 27,137,109 228,314 23,193,152 54, 309 21, 598, 734 95, 289 20, 874, 762 142, 492 20, 506, 912 38, 640 20,254,009 96. 666 716, 456 20, 027, 992 262,533 18, 934, 905 827,192 18, 786,732 21, 476, 057 3, 616, 043 18, 347, 226 265, 584 17, 336.589 23, 210 16,894,355 133, 263 16, 357, 286 59,833 273, 591 • 16, 275, 838 16,436,536 91, 723 16,035,3 38 118, 098 16,061,920 13, 646 15,975,811 111, 337 15,683,504 43,346 244, 520 15, 954, 641 154,286 16, 095,105 16, 254, 388 22, 881 21, 930, 590 5, 233, 037 17,044, 003 575,046 17, 685,476 78, 856 17, 213, 277 72,524 20,421, 870 3, 073, 553 17, 220, 993 492, 849 14,105 . 16,154, 235 190, 596 16, 688, 354 168, 075 16, 320, 829 207, 511 16, 538, 984 386, 271 16, 840, 719 203, 395 16, 939,322 17,395, 264 11, 488 17, 466,156 389,280 17, 330, 897 182, 753 36,365,597 116,164 16, 406, 248 239,765 16,729, 474 160, 952 16,197, 719 12, 248 16,156, 715 126,492 16, 534, 018 65, 788 16, 224,165 , 23, 053 16, 797, 028 109,538 16, 483,721 54, 234 16, 903,120 14, 649 237,637 15, 920, 824 15,817,540 74, 412 36, 793 16, 047,106 132, 255 15,513,186. 86,169 35,525,261 32,079 15, 352, 088 203 TREASURER. N o . 2 6 . — A S S E T S OF T H E T R E A S U R Y OTHER THAN GOLD, S I L V E R , NOTES, AND CERTIFICATES AT T H E END OF EACH M O N T H , FROM J A N U A R Y , 1890—Continued. Month. 1896—January.... February... March.. April ' May •June July August Septeraber . 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 Septeniber . October November.. December.. 1899—January . . . February . . March . April May June July August Septeniber . October Noveraber.. December.. 1900—January . . . February .. M a r c b .".... April May June July August September . October Noveraber . Deceraber .. 1901—January . . . February .. March April May '... June July August Septeraber . October Minor coin. F r a c t i o n a l currency. .$1, 081,129 1,162,765 1.147,719 1,184, 625 1,181,593 1. 235. 506 1,159, 562 1, 203, 848 1,239,592 1, 214, 914 1,130, 896 1,105,465 1,187, 617 1, 265, 772 1, 225, 952 1,272,482 1,319,039 3,339,958 1, 405, 745 1, 315,110 1,228,852 1, 219, 016 1, 090,184 1, 086, 589 1,165,758 1, 255, 021 1,298.000 I, 353, 643 1,400,640 1, 300, 224 3,303,796 1, 205, 793 998,739 835, 925 589,514 337, 755 597, 032 563, 632 445, 061 377, 926 314.329 244,304 237.162 196, 738 154,754 138, 889 435, 78g 317,321 484, 209 483, 425 499, 696 481,587 436, 640 440,069 461,732 498, 805 464,762 432,,823. 296,,324 448,.'e'4i 600,509 582, 955 692. 547 602, 391 646, 959 514, 341 562,884 613,149 502.456 475,770 Deposits in national banks. $14, 803, 804 $042 979 24, 394,557 1,248 27,030,994 1,712 26, 698, 591 162 20, 952, 972 137 16,857,355 1,110 15, 986, 914 21 16, 619,915 36 16,583, 237 844 16,119, 097 980 15,832, 895 1,224 16,159,153 1,800 16, 573, 729 - 82 16,456,041 1,078 16, 623, 397 1,295 16,710,465 1.579 16, 752,102 694 17,631, 291 848 17, 215,101 148 16, 661, 579 1,270 17, 438, 713 1,508 17,159, 616 16f 37, 744, 217 165 49,182, 717 930 40, 091, 626 1,024 31,782, 507 31 31, 320, 043 809 29, 049,465 1, 054 28, 239, 359 37 38,795, 631 1,143 58, 266, Oli 23 65,968, 467 751 80, 888, 712 952 95,014, 970 3,114 94,643,001 1, 517 94, 860,916 35 88,985,327 47 85,344,619 31 88, 540, 739 976 85,170,595 57 81, 760,279 67 79,171, 929 69 77, 716,442 58 80,951,454 73 83,183, 764 69 82,050,939 776 82,209,600 68 87, 303,173 72 107,936,649 74 111,793,546 98 110,642,115 146 . 110,853,902 96 111,322,418 194 101,879,520 125 96,584,698 50 96, 064,261 141 96,997, 212 61 96,478,145 62 95,429, 055 133 96, 699, 694 131 97, 359,036 160 97, 827, 963 143 97, 649, 637 132 98, 322, 828 95 101, 760, 225 •1,252 101,416, 974 148 101,961,336 114 103,035,834 178 108,514,459 141 110, 840, 438 Bonds and interest paid. $273, 750 66, 329 40, 388 107, 005 143,139 21.938 11.5, .599 168,493 368, 380 304,507 173, 302 20,803 175,095 146, 962 40,812 111,-577 56,830 1 197,010 132, 329 138,815 45,047 109,616 72,681 29,288 79, 886 45,451 26,200 103,479 366,645 37,926 186,130 107,919 638, 543 714,46( 202,472 1 35, 668 83,327 82, 823 31,301 132, 568 75,016 31,189 86, 445 240,63? 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 37,817 43, 689 449, 810 28, 866. 70, 712 11,609 38, 638 51,3.21 291,054 190, 923 128, 279 398, 526 20, 457 Total. $16, 25, 28 27 22, 18, 17 17, 18, 17 17 17, 17 17 17, 18 18, 19, 18, 18 18, 3 3 50, 41 33, 32, 30, 29, 40, 59; 67, 82, 96, 95, 95, 159,325 624, 630 200, 349 991,933 277, 866 114,936 263,185 992, 277 171, 245 639. 362 137, 873 286, 645 938,241 868, 857 891, 239 095, 819 129,556 168,953 7.53, 823 115,652 713,882 489, 756 907, 251 298,759 338, 200 084,003 644, 274 .507, 396 807, 0f)8 133, 818 757,087 282,202 526, 725 566,313 434,101 235, 856 665, 721 791,121 017,132 682, 065 . 85, 149, 681 82, 447, 289 79, 040,118 78, 388,868 81 932,113 83, 957,222 83, 857, 766 90, 384,605 88, 475,123 108, 112, 457, 672 111 231,946 111 367,909 111 846, 593 102, 336, 728 97, 087, 345 96, 610,933 97 486, 621 96, 948, 846 95, 769,130 97, .598, 281 97 988, 542 98, 481, 790 353,936 963, 989 102, 458, 400 102, 223, 621 •102, 715, 291 103, 777,376 109, 415,619 111 336, 806 204 No. REPORT ON T H E FINANCES. 2 7 . — A S S E T S OF THE TREASURY AT T H E END OF EACH M O N T H , FROM J A N U A R Y , 1890. Month. 1890—January . . February . March . . . . April May June J uly August ... Seiitember October... November Deceraber. 1891—January . . February . '^ M a r c b . ^ 1 . April May • June July August... September October... November Deceraber. 1892—January-. February . M a r c h ..".. April May ' June July August.-Septeraber October... Noveraber Deceraber. 1893—January . . February. March April May June July August... Septeraber October... Noveraber Deceinber. 1894—January . . February. March April May June July August... September October... Noveraber Deceraber. 1895—January . . February. March . . . . April May June July A u g u s t . -. Septeraber October... November December. Gold. 318, 320, 320, 321, 321, 316, 310, 306, 294, 293, 293, 297, 296, 292, 280, 255, 238, 236, 240, 244, 263, 271, 278, 282, 282, 280, 273, 271, 255, 247, 242, 240, 244, 247, 238, 228, 217, 218, 202, 396, 188, 386, 176, 173, 163, 161, 358, 142, 377, 376, 3.70, 148, 131, 320, 120, 323, 3 25, 164, 139, 97, 138, 139, 339, 147, 155, 155, 149, 143, 143, 129, 113, Silver. $327, 293, 331, 491 335, 560, 338, 851 341,.845, 346, 7.1.4, 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, 513, 298, 513,880, 513,167. 509, 814, 506, 018, 504, 802, 504, 035, .507, 087 508, 859, 510, 259, 510,813, 511, 582. 512, 338, 512, 746, 511,447, 507, 677, 503,083, 502,164, 501, 460, Notes. Certificates. Other. $38, 509, 34, 038, 32, 312, 32, 776, 31, 468 33,916. 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 35,975, 15, 681 15,954 16, 095, 16, 254, 21, 930, 17,044, 17, 685, 17, 213, 20. 421 37.220, 36,354, 36, 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, Total. $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, 633 751, 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 7.57, 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, 906 774, 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, 756 811,063,686 807, 397, 832 826, 960, 346 827,889,430 812,137,611 803,120,692 787, 578,447 205 TREASURER. N o . 2 7 . - -ASSI^:TS O F T H E 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 A N U A R Y , 1890—Continued. Gold. Month. 1896—January . . . February . . March April May June July August Septeraber. October November . December.. 1897—January . . . February.. March April. May June July August Septeraber. October NoA^eniber. Deceraber . 1898—January . . . February.. March . ! . .. April May June..: July August Septeraber. October Noveraber . December . 1899—January — February.. March April May Jline July August September. October.... November . December.. 1900—January — February.Marcb . . . . . April May June July , August Septeniber. October November . December.. 1901—January . . . . 'February . . Marcb . : . . . April...... May June July August September. October $99, 693,357 167, 695,999 171, 885,710 168, 446, 459 353, 307,143 144, 020, 364 150, 032,225 139, 825, 200 162, 771,311 155, 323, 833 3 69, 527,102 175, 203, 983 182, 387,122 386, 206, 028 189, 242, 803 390, 762,889 181, 707,391 178, 076, 657 178, 044,578 181, 234,165 184, 561,664 190, 387,257 194, 089, 260 197, 469,236 200, 731. 552 204, 063, 971 210, 903,334 217, 190,136 207, 701,264 202, 825,049 225, 138,393 253, 377, 494 278, 691, 452 275, 224,072 276, 944,092 281, 729, 434 201, 692, 280 264, 091, 477 278, 306, 355 278, 985, 254 261, 201, 428 273, 393, 480 277, 848, 323 317, 446, 961 353, 002,380 379, 817,315 390, 053,107 398, 032, 027 403, 496,506 413, 491,673 422, 000,915 426, 989, 371 422, 906, 844 421, 112, 654 433, 370,785 428, 652, 3^8 439, 243,513 458, 266,143 474, 482.084 479, 349, 251 4 79, 100, 353 488, 698, 803 497, 332, 743 500, 026, 852 405,' 717, 574 494, 321, 533 505, 423,230 517, 798, 435 529, 352. i=i23 541, 025,3.53 Silver. Notes. $505, 423,819 $138, 507, 265,460 145, 508, 930,744 153, 510, 586,117 149, 512, 199, 837 164, 513, 398,714 166, 514, 610,147 155, 513, 647,701 164, 510, 644,845 146, 509, 058, 742 141, 509, 680, 450 126, 509, 615, 585 135, 533, 736,349 131, 515, 659, 266 132, 517, 048, 212 136, 518, 496,110 132, 519, 764, 958 134, 520, 793, 923 334, 521 734,140 132, 519, 368,486 126, 513 481, 747 120, 509, 351, 944 100, 507, 656, 383 92, 507, 291, 684 92, 510, 676,160 83, 511 858. 835 92, 512, 432, 535 86, 512, 894,283 64, 514, 072, 040 61, 515, 029, 907 67, 514 879,966 77, 513, 400,895 83, 509, 308. 574 60, 505, 929; 775 40, 504, 290,739 41, 503, 212.854 43, .506, 512, 553 •44, 507, 531,887 43, 506, 376, 982 39, 507, 646, 792 39, 508, 110,172 40, 508, 228,226 40, 507, 579,673 39, 505, 059,814 41, 499, 628, 449 36, 496, 499,279 34, 496, 728, 873 34, 49^ 34, 502, 200, 739 37, 501 043,317 33, 502, 772,166 28, 504 582,324 25, 505, 271, 752 31, 506, 432, 661 40, 508. 964,447 506, 303,727 501 756, 909 499; 747,657 499, 422, 038 498, 237,673 503, 212, i961 505, 501,527 507, 801, 665 509, 768,679 511, 770, 503 513, 378, 732 513! 637,120 512; 535, 359 .508, 073,635 505, 403,673 525.504 Certificates. $14, 831, 305 12, 728, 031 12, 096, 298 32,708,001 11, 556, 704 12, 007. 425 14, 379, 543 33,913,100 12, 046, 930 12, 672, 212 13,047,773 16,120, 054 13,304,131 11, 647, 973 14,628,70! 17, 330, 255 13, 83-2, 0.36 19,259,386 17, 099,144 13,133, 547 13, 392, 815 3.3,205,645 13, 463, 277 14, 040, 372 10, 596, 954 15, 425, 437 13,797,556 6, 062, 080 8,170,-179 10, 056, 934 12,496,538 30,043,273 9, 0.53, 659 9, 227,169 8,415,758 8, 927, 249 9, 323. 880 7, 544, 689 5. 947, 078 5, 349, 055 6,067, 502 6, 327, 711 5, 696, 839 17,435,589 42,101,383 30,531,865 30,428,621 30,515,510 32,195, 389 36, 366, 459 44,104, 569 33, 383, 5(i0 32,832, 2:n 34, 757, 363 29, 992, 476 33,923, 583 35, 603, 595 36, 645, 965 26,521,62:5 35, 898, 047 26, 608, 248 24, 715, 560 33, 053, 570 35.329,668 39, 973, 642 48, 615, 212 41, 444. 521 42, 707,3.98 .32. 050, 958 •3H,974, 093 Other. Total. $10,159, 325 $774, 25,624,630 858, 874, 28, 200, 349 868, 27, 991, 933 861, 22, 277, 800 853, 38,114,930 851, 17,263.185 849, 17,992.277 849, 38,173,245 836, 17, 639, 362 835, 17,137, 873 853, 17,286,645 858, 17,938,241 864, 17, 868, 857 875, 17,891,239 876, 18, 095, 819 867, 18,129, 556 3 9, 168,953 871, 867, 18, 753, 823 858, 18,115, 652 850, 18,713,882 831, 18,489, 756 846, 38, 907, 251 861, 50, 298, 759 853, 41, 338, 200 856, 33, 084, 003 853, 32. 644, 274 831, 30, 507, 396 821, 29, 807, 698 835, 40,133, 818 890, 59, 757, 087 927, 67, 282, 202 940, 82, 526,725 933, 96, 566, 313 926, 95. 434,101 -930, 95, 235, 856 911, 89,665,721 908, 85,791,121 919, 89,017,132 917, 85, 682, 065 898, 82,149, 681 907, 79,447, 289 909, 78, 040,118 962, 81, 388, 868 015, 83,932,113 025, 83,957,223 043, 90, 857, 766 048, 88,184, 606 083, 108, 475,124 097, 112,457,672 108, 113,233,948 102, 3 31,367,911 104, 111,846,593 105, 102, 336, 729 105, 97, 087, 346 104, 96, 610, 934 105, 97, 486, 622 111, 96, 948, 846 114, 95,769,330 331, 97,598,281 134, 97, 988, 542 1H9, 98,483.790 155, 08. 353, 936 160, 1)8, OOH, 989 170, 3 02, 458, 400 381, •102, 223, 621 286, 302,715,291 398, 397. 103, 777, 376 213. 109,41.5,639 311,336,806 727 831 947 558 970 636 748 746 774 223 581 554 910 167 759 656 826 359 933 367 632 9.57 076 370 009 768 467 864 369 569 963 647 523 397 182 351 026 972 087 517 064 338 812 849 289 042 562 040 783 129 826 490 185 960 697 877 967 551 931 029 210 788 439 910 994 459 476 111 206 No. REPORT ON T H E F I N A N C E S . 28.—LIABILITIES Month. 1890—January . . . February . March April May June July . . . . . . . August... September October... Noveraber Deceraber. 1891—January.. February. Marcli.... April..... May . . . . . . June July August... September October... November Deceraber. 1892—January.. Februa'ry. Marcb April MT ay 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... i May June July August.. September October... Noveraber December. 1895—January . .• February . March April May June July August — September October... November December. OF T H E TREASURY A T T H E J A N U A R Y , 1890. Certificates and Treasury notes. 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, 324,073 530, 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, 248,974 628, 098, 049 629, 922.571 634, 081,717 620, 245, 304 619, 675,803 615, 455, 530 606. 769, 628 598, 008,876 598, 369, 656 599, 607, 467.016 601, 498, 582 597, 828, 346 596, 428,091 .594,016, 621 584, 531.017 577, 553, 920 565, 362,591 570. 614,881 587, 225, 363 599, 609,861 604, 229, 302 612, 317,424 609, 059,181 614, 909,907 619, 627,040 621, 989, 795 615, 128, 445 616, 355,820 615. 972, 329 612, 350.572 607, 436, 470 606, 486,421 590, 270,843 578, 134,104 572, 777, 914 567, 755, 530 566, 944,442 573, 688, 624 579, 366, 743 581, 207, 863 602, 799, 693 600, 384. 693 591, 22';, 693 582, 102. 673 987,673 023, 673 END OF EACH MONTH, FROM Agency, account. Balance. Total. $46, 802,039 $228,835,040 $731,053, 007 53, 961,477 229, 309, 201 740, 817, 956 44,722,623 228, 689, 876 735, 628,241 .48. 878, 308 227,213, 755 743,174,055 55, 048, 394 228, 336, 445 751,433,464 42,196,465 245, 612. 464 759,171,659 49,738, 798 234,009,918 757, 881, 756 66,619,851 215,907,111 763,177,302 48,146, 749 179,120, 347 727, 843,186 55, 661, 784 175,131, 439 736, 978, 266 65, 493,407 1«4, 386, 294 743,353,594 52,050, 877 163,242,409 731,491, 533 48, 924, 676- 174, 983,938 747, 006, 987 64,585,569 168, 395,989 758,105,631 56,881, 629 163, 915, 855 751, 322,995 51, 353,442 161, 718, 803 751, 516, 301 54,615, 831 158,886, 719 751, 693,199 51,265, 912 153,893,809 745, 349, 752 51, 362, 278 155, 783, 717 754,794.698 47,249,350 360,274,395 766, 602, 348 46,873,493 144, 987, 969 741, 668, 210 40,478,929 139, 671,919 740,530, 258 40, 008,123 139,126, 919 748, 356, 751 134, 574,129 45,583,045 757,300,433 41, 999,000 131,368,461 778, 790, 873 37,136, 339 132,162,204 790. 547, 517 39, 765, 879 132,898, 884 800, 762, 812 36,184, 614 131,518,162 797, 625, 347 35, 212, 991 126,005,887 795, 300, 595 38, 550, 304 326,692,377 785, 487. 985 127,050,286 37,253,182 783, 979, 271 36, 907,108 129,152, 343 781,514,981 .39,139, 046 131, 895, 918 777, 804, 592 37,182, 203 131, Oil, 402 766, 202, 481 36,776, 228 130,328,919 765,474, 803 769, 780, 985 41, 221, 379 129, 092, 590 772, 881, 229 40,117, 580 12.5,265,067 124,128, 089 764, 322. 268 38,365,833 762,768,427 39, 709, 608 125,630, 728 756, .544,116 39, 044, 592 .121,482,903 754,322,985 38,026,813 121,565,155 37,988, 392 122,462, 290 • 745,004,602 37,391,549 117, 887, 566 732, 643, 706 39, 959, 096 107, 283, 910 712,857,887 42, 447,160 106, 875, 632 719,548,355 39, 542,862 102,294,291 729,447, 014 734,820, 435 40, 391, 517 95,199, 616 42,921, 722 90, 375, 555 737, 614, 701 40,978, 873 84,082, 098 737,120,152 787, 075, 834 38, 503, 563 138,662,364 133,950,026 790, 780. 719 42,203,653 790. 826, 661 45, 739, 079 125. 097, 787 137,854,335 783, 283, 264 44,300,484 774,538,966 41,598, 709 117,584, 437 774, 201,765 38,164, 085 119, 065, 351 781, 703, 357 39, 204, 689 127,148, 096 774,135,927 41, 779, 739 139,919,718 754, 546, 012 39,719,445 107, 340,146 793,140,164 42, 361, 715 3.44, 507, 606 782,754, 289 39, 282, 606 153.337, 579 761, 470, 331 38, 089.115 144,603,302 178,197, 58747,137,786 798, 090, 903 41,375, 886 187, 917, 260 797, 237, 588 787,442, 336 39, 935, 796 180,817,916 797, 473, 756 38, 736, 912 185,370,301 811,061,686 36, 613, 670 195, 240,153 807, 397, 832 38, 448, 607 187,149,532 826, 960, 346 40, 536, 496 184, 039,157 827,889,410 42,256, 352 185, 405, 365 812,137, 611 41,086,939 179, 947, 999 801,120, 692 40, 726, 633 177,406, 386 787,578,447 41, 527, 574 178, 027, 200 201 TREASURER. No. 2 8 . — L I A B I L I T I E S O F T H E T R E A S U R Y AT T H E E N D OF EACH J A N U A R Y , 1890—Contmued. Month. .1896—January . . Februa'ry . March . . . . April . May June July August... September October... November December. 1897—January . . February. Marcb A pril May June July August... Septeraber October. -. November December. 1898—January . . February. Marcb April May . June .. July August... September October... November December. 1899—January . . February. March April May June July August... Septem ber -October— November December. 1900—January.. February. March . . . . April May Jline July August... Septeraber October— November December 1.901—January... February.. March April May June July , August Septeraber October... Certificates and Treasury notes. $562, 542, 773 558, 551,273 562, 909, 253 560, 594,253 555, 646,973 547,110,973 555, 212, 973 563, 656, 973 564,524, 323 564, 340. 923 567, 523, 923 580. 809, 573 595, 975, 573 606, 977, 573 607,702, 473 605,107,473 595,535, 953 590,878,953 588,533,953 593, 961, 953 589, 070,953 580, 456, 953 579,-920, 933 576,956, 933 581, 213, 933 585, 252, 933 577,402, 933 564, 306, 933 563, 799, 933 563, 788,933 559, 497,933 558, 046,933 554, 057,583 553,631,933 553,897,833 5.53,447,783 552, 853,783 555, 528, 513 555, 003,613 554, 356, 613 555,537,613 555, 226, 603 554, 414, 303 601,443,203 647,965, 903 656, 664, 903 678, 260,903 686,979, 403 716, 048, 603 720, 204, 283 720,500, 779 727, 993, 779 729, 584.179 723,544,179 724,373,179 733,135, 679 734,513, 679 740,965, 679 744,539.379 754, 012, 379 763, 537, 279 760, 561,989 762, 426, 989 770, 842, 989 770, 663, 789 771,754,689 773,993,689 780, 033, 689 788, 032, 089 803, 897, 089 Agency account. M O N T H , FROM Balance. ,$40, 419,174 $171 591, 37, 553,551 262 707, 40,417,946 271 641, 38,114, 643 270 090, 38, 926,787 267 193, 39,362, 566 267 432, 40,492,302 256 158, 42, 385, 372 243 346, 43, 963, 994 241, 154, •38,762, 537 233 572, 43, 080, 558 225 357, 44,333, 599 228 320, 47,215, 916 215 362, 44, 523, 338 212 837, 45,493,680 222 045, 43,548, 665 228, 090, 41, 847, 060 230 113, 40,372, 779 240, 137, 46,431, 522 233 016, 45, 622, 207 218, 561, 46,104,891 215, 192, 43, 456, 904 207, 756, 45, 824,583 220, 663, 48,1959,669 235, 474, 48,112, 289 223, 871, 45. 754, 630 225, 564, 50, 228, 591 226, 166, 51, 000, 307 215, 810, 61,515, 621 195, 754, 66,020, 064 205, 657, 75^ 727.8.15 254, 844. 74, 610,628 294. 487, 78, 520, 438 , 307,557, 79,379,189 300, 238, 79, 842, 559 , 292,376, 82, 218, 873 294, 764, 84, 530,567 274, 584, 83,718,945 269, 103, 80, 515, 311 284, 043, 99.681,371 263, 127, 74,965,356 267, 584, 71, 354, 067 281, 380, 79,754,341 274, 844, 81,583, 807 279, 352, 79,579, 570 287, 695, 79,099,406 289, 391, 78,650,946 286, 216, 7,7, 431,186 283, 595, 74,888,986 292, 490, 78, 889,934 298, 362, 81, 086, 009 306 792, 77,896,802 296, 117, ' 78,.894,118 295, 783, 76, 246, 656 305, 705, 80,783,640 299, 859, 86,286,585 285 419, 82,729,140 288, 204, 83,101,166 287, 005, 80,755, 797 289, 176, 87,151, 836 290, 107. 77, 922, 679 293, 012, 80,351,890 298, 915, 84, 528, 699 308, 443, 82, 74ri, 591 306, 494, 87, 071,181 332, 338, 83, 281, 097 326, 833, 84,982. 428 327, 368, 88,835,414 329, 971, 89,375, 506 319. 919, 83,495, 325 325, 655, Total. $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, 768 853 798,467 833 317,864 821, 070, 369 835, 466, 569 890, 069, 963 927, 144, 647 940, 135, 523 933, 249, 397 926, 117,182 930, 431, 351 911, 908 969, 026 919, 350, 972 917, 562, 087 898, 165, 517 907, 067,064 909, 961,138 962, 012, 812 , 015,379,883 , 025,241,088 ., 043,155, 849 ., 048,128. 288 , 083,006,042 ,097, 428, 562 , 108,457,041 ., 102,379, 783 , 104,008,129 ,105, 261, 826 , 105,496, 490 ,104, 014,185 , 105,841, 960 , 111 447, 697 , 114 071, 877 , 131 451, 967 .134, 271,551 ,139, 472, 931 , 155,829, 028 , 160,399, 210 , 170,085, 788 ,181 073,439 , 186,868,910 , 198,342, 994 , 197 840, 459 , 213,327, 475 048, 111 208 No. 2 9 . REPORT ON T H E FINANCES. - A S S E T S OF THE TREASURY IN E X C E S S OF CERTIFICATES AND T R E A S U R Y N O T E S AT THE END OF EACH MONTH, FROM J A N U A R Y , 1890. Month. 1890—-January Februaiy... March April May June July August Sep'tember . October November.. Deceraber.. i891—January February... March.."...! .April Juue , July August — Septeniber . October November.. D e c e i n b e r .. 1892—January.... F e b r u a r y .. March April May J une July August September. October — November. December . 1893—January... February.. March..... Ajpril May June July August Septeinber. October — Noveraber. December . 1894—January... February.. March April May June , July August — September. October — November., Deceinber . 1895—-January — February.. Marcb April May June July August ... Septeraber. October — NoveraberDecember. Gold. $177, 386, 285 187, 988, 948 185, 287, 735 186, 235, 572 190, 544, 854 190, 232, 405 184, 092,074/ 385, 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. 723 121, 113,024 132, 471, 409 132, 523, 222 127, 074,422 129, 193,224 130, 740, 631 119, 574, 905 122, 122,113 125, 815, 040 139, 909,757 114, 231,883 114, 342, 367 110, 444,391 114, 156,316 119, 395, 509 124, 006,120 124, 409,657 121, 266, 663 181,713 108, 284, 2fl9 103, 892, 224 106, Oil, 330 97, 048, 641 95, 485,414 95, 202,933 99, 009,123 96, 582,172 93, 384, 863 84, 959, 049 82, 891, 600 80, 650,175 65, 527, 068 106, 149,136 106, 202, 009 100, 693, 267 78, 873, 025 64, 975, 607 54, 216,900 55, 875, 317 58, 361,827 61, 424,569 105, 244, 445 705,967 44, 085, 511 87, 643, 307 90, 247,145 91, 151,409 99, 512,363 107, 107, 236, 487 3.00, 329, 837 92, 911, 974 92, 943,180 79, 333, 966 63, 262, 268 Silver. Notes. Other. $45,961,8.57 $13, 778,984 $38,509,953 .$275, 637, 079 47, 314, 841 13, 933,379 34, 033, 710 • 283, 270,678 44, 955,052 30, 856, 853 32,312,879 273, 412,499 11,151,947 32, 776, 502 ' 276,092 063 45, 928, 042 34,182, 094 31,468, 070 47,189, 821 283, 384, 839 16,155, 957 49, 504, 543 287, 808, 929 31, 916, 024 1(3, 929, 771 49, 988, 781 283, 808, 716 32, 798, 090 17, 870,038 43, 682,333 282, 520, 962 35,137, 03.0 13,358,301 33,154, 328 227, 267, 096 34, 772, 735 11, 497,550 29, 670,450 33, 309, 599 230, 793, 223 27, 210, 815 10, 291, 808 29, 937,697 229, 879, 701 27, 341, 663 8, 738, 935 30,239, 753 215, 293, 286 35, 3.50,160 17, 017, 953 29, 812, 404 223, 908, 614 37,091,690 35, 656, 224 30,520,820 232, 981, 558 34, 315, 059 30,^271. 993 8, 092, 282 220,797,484 32,092, 709 29, 974,191 9, 263,304 213, 072, 245 36,021, 716 29, 906, 843 3.4, 366, 827 213, .502, 550 41, 769, 409 28,700,419 17, 022,170 205,159,721 42,137, 506 27,137,109 16, 758, 356 207,145.995 23,193,152 21,289,517 30, 569, 667 207, 523, 745 21,59«,734 14,845,797 22, 893,709 191,861.462 20,874, 702 20, 249, 056 11, 352, 608 180,150, 848 20, 506, 912 19, 005, 079 10, 369, 827 179,135, 042 20,254,009 18; 831, 672 180.357,174 10, 330, 862 173, 367, 461 22, 397, 291 11, 367, 273 20. 027,992 169,298,543 18, 732,113 9,509,414 18,9.34, 905 172,664,763 , 19,245, 653 8,817,338 ' 18,786,732 7,821,561 18, 495,401 21,476,057 167, 702, 776 9,892,432 38,747,357 18, 347. 226 161,238,878 19, 490, 242 17,336,589 14, 073, 483 165,242,681 19,114,537 16, 894.155 17,850,385 164,303,468 16, 731, 391 16,357, 286 18, 814, 458 166, 059, 451 15, 391, 622 19,973,995 . 16,275,838 171, 034. 964 13, 302, 601 14.448, 348 16, 436, 536 168, 193,605 12,425, 779 14,2.34,593 16, 035,118 167. 105,147 15,588, 884 • 17, 396. 502 16, 061. 920 170, 313, 969 15,975,811 24, 324,191 16, 900, 932 165, 382, 647 15, 681. 504 19,273,557 24, 254, 642 162, 493, 922 18,935,291 23, 578,180 15, 954, 641 165, 340, 336 21,011,187 26, 409, 873 16, 095,105 160,527, 495 21,657,300 26, 631, 839 16, 254, 388 159, 591,968 18,653,079 24,381,599 21, 930, 590 160,450,682 16,468.207 22, 563, 972 17,044, 003 155, 279,115 16,491,115 17,057, 292 147, 243. 006 17, 685. 476 36,562,432 21, 964, 911 149, 322, 792 17, 213, 277 35,947,360 21, 083, 060 141.837,153 20,421,870 17,711,977 135, .591,133 17, 220, 993 17, 699,114 133,297,277 16,154, 235 38,646,714 17, 604, 728 125, 060, 971 16, 688, 3.54 19,209,583 23, 512,859 177,365,927 16, 320, 829 29, 868, 385 24.449, 645 376,153, 679 16,538, 984 27, 753, 628 25, 711, 931 170, 836, 866 16, 840, 719 28, 289.413 25, 504, 725 162,154,839 16, 939, 322 36-, 966, 977 29, 555, 253 159,183,146 33, 619, 911 . 43,294,946 17, 395, 264 157, 229,436 36,941,818 17,466,156 47.845, 855 17. 330,897 58, 007, 004 35, 797, 984 166, 352, 785 16; 365, 597 58,774,176 27, 684, 367 161,699,457 16, 406, 248 45, 556, 671 23, 734, 845 147, 059, 591 16,729, 474 43, 208, 974 21, 506, 304 186. 869, 321. 16,197,719 68,044,080 22,133,941 192, 620,185 16,156,715 93,961,164 29, 868,571 182, 692, 417 36,534,038 89,377, 508 225, 335, 373 32, 338, 336 16, 224,165 86, 242, 639 229.293,146 36,183, 035 16; 797, 028 74, 695, 707 220, 753, 732 38, 013, 832 16, 483, 721 66, 486, 683 224,307,013 41, 985, 200 16, 903,120 60, 919, 741 46, 518, 599 231, 853, 823 35,920,824 55,540.076, 46, 900, 752 225,598,339 15,817, .540 65,248,472 43, 179,804 224, 575, 653 16, 047,106 85,126. 229 33, 576, 408 227, 661,717 15,513,186 84, 043, 949 28, 534, 623 221,034, 938 15, 525, 261 96, 548,223 26, 725, 569 218,133, 019 15, 352, 088 27, 612, 627 113,327, 793 219,554,774 209 TREASURER. No. 2 9 . — A S S E T S O F THE TREASURY I N E X C E S S O F C E R T I F I C A T E S AND TREASURY NOTES AT T H E E N D OF EACH M O N T H , FROM J A N U A R Y , 1890—Continued. Month. Gold. 1896-January... Februa'ry . March April May June July August . . . Sej) tember. October . . . No vera berDeceraber . 1897—January... February . March April May June July August . . . September. October . . . November. December. 3898—January... February.. March April May June July....... August . . . September. October... November. December. 1899—January... February.. March..... April May June July August . - . September. October. . . Noveraber December. 1900—January . . February . March . . . . April May June July August... September October... November December. 1901—Jauuary . . February . March . *. -. April May June July August.. September October . . , FI 1901- Silver. Notes. $49, 845,508 $36, 483, 200 $109, 522, 921 123, 962, 980 38, 000, 237 1.12,672,711 128, 646,461 35, 817, 038 119, 395. 846 125, 393, 900 38, 682, 424 116,137, 048 108. 345. 234 44, 501, 477 130, 995,420 101, 699, 605 52, 455, 925 134,524,197 110,718,746 54, 610,196 114, 058, 648 100, 957, 561 41,16.6, 527 125, 615, 408 124,034, 672 31, 209, 091 111, 703, 443 117.126,524 28,052,340 109^ 517,074 131,510,353 33,691,049 88, 098, 383 137, 316, 544 33,143,505 84, 907, 287 144, 800, 493 34, 001, 536 65,838,067 148,661,209 34, 399, 485 56,431,043 151,786,464 35, 890, 779 61, 968, 804 153, 340, 890 38, 045, 891 62,156. 583 144, 319, 562 41, 213, 870 68, 297, 885 140, 790, 738 47, 590, 275 72, 960,440 140, 817, 699 49,881,210' 69. 995, 248 144, 216, 376 38, 832, 869 63,018,517 147, 663,105 27, 527,168 6.7,393,524 153, 573,148 27,199, 745 51,950,355 157, 363, 851 26, 564,136 43, 652, 905 160, 911, 547 48, 976, 319 24, 247, 812 164, 236, 793 34, 780,143 31, 628,940 167, 623,182 43,709, 522 26, 902,128 174, 584,135 48,120, 768 21, 046. 357 181,238,137 37,548, 969 17,516,429 173,818,055 20,865,495 34, 779,188 167, 004, 410 23,163, 547 41, 375,861 189, 444, 714 25,547, 250 55, 822, 979 217,904,485 21,150, 242 62, 760, 785 243, 297, 543 17, 333, 559 42, 920,113 26,247; 068 239, 885,163 16, 918, 920 20, 842, 512 241, 663, 443 14,279,293 20, 860, 958 246, 529,175 14,357,579 22, 604, 592 228, 652, 341 18,192, 589 231,124, 638 15,619,902 20, 286, 798 245,413, 706 • 12,548,696 17, 578, 940 246,140,225 12, 749, 263 18, 237, 351 228,435,239 12, 786, 250 ° 19,198,281 240, 737, 211 39,709,432 12, 840, 603 245, 254, 534 11,430,998 19. 892, 859 248. 757, 972 21, 878, 651 8, 911,189 254, 328, 821 . 8, 307, 288 20. 706, 963 252, 223, 797 20, 61.5,167 11, 694, 760 239, 744, 905 20,854, 922 13,409, 792 236, 909, 230 22, 093,160 13, 839, 643 2.18, 613, 617 17, 652,992 ' 22, 638. 226 232, 225, 336 14,470, 680 18, 099, 070 14,163, 965 248, 358, 064 14,145, 027 14,448, 943 229,461,962 18, 735, 535 17, 515, 012 218, 857, 545 26, 458, 497 220, 557,184 36, 620, 297 22, 438,100 223, 567, 376 24,208,433 35, 779, 851 23.8,263,969 20, 493,182 36, 338,196 230,131,162 13, 767, 922 . 29,548,312 242, 670,174 12,478, 293 18, 008, 885 14,176, 266 243, 235, 735 16, 751, 457 246, 561, 322 18, 683, Oil 14, 416, 558 221,183, 644 26, 279, 261 25, 484. 205 231,150,064 22,131. 211 27, 503, 975 18, 890, 282 249, 046, 644 26, 681, 359 16,194, 776 246,767,053 27, 316, 98i 20,545,091 244,432, 245 31, 973, 914 248,605,794 36, 213,'382 23, 071, 424 249, 955, 831 36,455, 590 23,224,593 34, 089, 793 22, 483, 815 258, 455, 786 29, 999, 710 18, 244, 703 251, 635, 354 22, 281, 227 16,186, 495 259, 346, 494 -14 Other. $16,159, 325 $212, 010, 954 25. 624, 630 300, 260, 558 28, 200, 349 312, 059, 694 27, 991, 933 308, 205, 305 22, 277, 866 306,319,997 306, 794, 663 18.114, 936 296, 650, 775 17, 263,185 285, 731, 773 17, 992, 277 285,118, 451 38,171,245 272, 335, 300 17, 639, 362 268,437, 658 17,137, 873 272, 653, 981 17, 286, 645 262, 578,-337 17, 938, 241 257, 360, 594 17, 868, 857 267, 537, 286 17,891,239 271,639,383 18, 095, 819 271, 960, 873 18,129,556 280, 510, 406 19,168,953 279,447,980 18, 753, 823 18.115, 652 -264,183,414 18, 713,882 261, 297, 679 251, 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 • 32, 644, 274 276, 395, 534 266,810,931 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, 822,459 364, 558, 474 89, 017.132 362, 808, 904 85, 682. 065 342,549, 451 82,349,681 352, 734, 535 79, 447, 289 354, 598, 509 78, 040,118 81, 388, 868 360, 936, 680 83, 932,113 367, 275,185 83, 957, 222 368, 490, 946 364, 867, 385 90, 857, 766 88,184, 606 361, 026, 639 367, 379,959 108,475,124 377,252, 758 112,457,672 111, 211, 947 387, 879, 003 111,367,910 374, 014, 350 111, 846, 593 374,677, 647 102,336, 729 381,952, 310 97, 087, 346 380, 643, 006 371, 706, 281 96, 610, 934 97,486,621 370, 934, 017 96,948, 846 370,106,198 95, 769,130 369, 932, 588 377, 259,172 97, 598, 281 370, 935, 652 97, 988, 542 379, 267, 040 98, 481, 790 392, 972, 221 98, 353, 936 389, 242, 799 98,963,989 399,409, 650 102, 458, 400 410,13.4, 221 102, 223, 621 412, 351, 305 102, 715, 291 418, 806, 770 103, 777, 376 409, 295, 386 109, 415, 619 409,151,022 311,336,806 210 REPORT ON T H E F I N A N C E S . N o . 3 0 . — U N I T E D STATES NOTES OF EACH DENOMINATION 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 FROM 1890. Denomination. 1890. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fiftydollars One hundred dollars... Five hundred dollars. Onethousand dollara.. Five thousand dollars Ten thousand dollars. Total Unknown, destroyed. Issued dur ing year. Total issued. Redeemed during year. $216, 000 216, 000 20, 020, 000 19, 720, 000 31, 360,000 1, 800, 000 3,400, 000 1, 400, 000 $3, 292,353.20 $638, 174.70 $180, 611, 178, 834,169. 20 2,872, 878. 80 694, 414.80 576. 50 337,551, 376. 00 20, 624, 57,730, 384.00 297, 400,440. 00 3.5, 893,453.00 90, 410,800. 00 253,116, 050. 00 111,486, 350. 00 13, 286,896. 00 101, 952,800.00 4,580, 015.00 21,462,400. 00 470.00 117, 579,650. 00 5, 684, 32,524, 350. 00 174, 347,500. 00 4, 571,000.00 11,328, 500. 00 283, 090,000.00 12,149, 000.00 16, 538,000. 00 .19, 975,000.00 10, 000.00 25, 000.00 39, 990,000.00 10, 000. 00 $183,904,160 181, 707, 048 395, 281, 760 387, 811, 240 364, 602,400 123, 415, 200 150,104,000 185,676, 000 299,628,000 20, 000, 000 40, 000, 000 Total redeemed Outstanding. 78,132, 000 2, 332,129, 808 78,132, 000. 00 1, 984,448, 792. 00 347, 681, 016.00 1, 000,000. 00 . 1,000,000.00 2, 332,129, g Net. 78,132, 000. 00 1,985,448,792.00 346, 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, 298,000.00 287, 348,000.00 19, 985,000. 00 39,990, 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 16,180, 000. 00. 15, 000. 00 10, 000. 00 1891. OnedoUar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars . . . o Onehundred dollars... Five hundred dollars.. One thousand doll.irs.. Five thousand dollars. Ten thousand dollars.. 476,000 856, 000 16, 500, 000 19, 440, 000 25,120, 000 1, 800, 000 2,100, 000 600,000 3,900, 000 Total Unknown, destroyed- 70, 792, 000 2,402,921,: 70, 792, 000. 00 2, 055, 240, 792.00 347,681,016.00 1, 000, 000; 00 1, 000, 000. 00 70, 792, 000 2,402,921,; 70, 792, 000. 00 2, 056, 240, 792. 00 346. 681, 016.00 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.. 1, 208, 000 185,588,160 182, 899, 048 336, 000 19, 480, 000 431,261,760 19. 280, 000 "426,533,240 12, 560, 000 402, 282,400 1, 700, 000 126, 515, 200 154, 284, 000 2, 080,000 5, 520, 000 192,196, 000 307, 628, 000 4,100, 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 Total Unknown, destroyed. 66,264,000 2,469,185, 808 66, 264,000. 00 2,121, 504, 792. 00 347. 681, 016. 00 1, 000, 000. 00 I, 000, 000. 00 Net . 184, 380,160 378,153.00 182, 563, 048 412, 997. 00 413,781,760 16, 703, 395. 00 407, 251, 240 18, 265, 425. 00 389,722, 400 17, 889, 980. 00 124, 815, 200 4, 018, 850. 00 152, 204, 000 5,904,700.00 186, 676, 000 2, 950, 500. 00 303, 528, 000 4,258, 000. 00 20, 000, 000 10, 000. 00 40,000,000 1892. Net 2,469,185, 808 181, 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 6, 264, 000.00 2,322,504.792.00 4, 062,065. 20 .. . 3,081,461. 80 61, 594,204.00 92, 638,955.00 112,803, 930.00 16,870, 350.00 26,105, 750. 00 12, 519,.500. 00 . 17, 980,000.00 15, 000. 00 10, 000. 00 346, 681, 016. 00 1893. OnedoUar Two dollars Five dollars Ten dollars Twenty dollars Fifty clollars One hundred dollars... Five hundred dollars.. One thousand dollars.. Five thousand dollars. Ten thousand dollars. - 208, 528, 19, 640, 22, 320, 17, 040, 2, 300, 4, 520, 6,180, 18, 380, Total Unknown, destroyed- 91,116, 000 2, 560, 301, 808 91,116, 000. 00 12, 212, 620, 792. 00 347,681,016.00 1, 000, 000. 00 1, 000. 000. 00 873, 902. 00 185, 796,160 757,018.00 183, 427, 048 450, 901, 760 19,031,950.00 448, 853,240 23,905, 380.00 419, 322,400 28, 366, 300.00 128, 815, 200 4,730, 850. 00 1.58,804, 000 7, 220, 600. 00 198, 376, 000 2, 454, 000. 00 326, 008, 000 3,776, 000. 00 20, 000, 000 40, 000, 000 91,116, 000 2, 560. 301,1 Net. 182, 399,996.80 3, 396,163. 20 180, 574,604.20 2, 852,443. 80 388, 699,506. 00 62, 202,254.00 357,797, 665. 00 91, 053,575. 00 317, 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. 00 2,213, 620, 792. 00 346, 681, 016. 00 1894. OnedoUar Two dollars Five dollars Teu dollars Twenty dollars Fifty doUars One hundred dollars.. Five hundred dollars. 416,000 264, 000 11,140, 000 17, 680,000 19, 280, 000 2,470, 000 4, 090, 000 186, 212,160 759, 719. 00 183, 691, 048 646, 041. 00 462, 041, 760 20, 557,470. 00 466,531,240 24, 639, 290.00 438, 602, 400 25, 631. 880.00 131,285,200 2, 775, 900.00 162, 894,000 3, 504, 200. 00 198, 376,000 4, 206, 500. 00 183,159, 715. 80 181, 220,645. 20 409, 256,976.00 382, 436,955. 00 343,476, 650. GO 117,151, 800. 00 138,903, 050. 00 186, 337,000.00 3, 052,444.20 2, 470,402.80 52, 784,784. 00 84, 094,285. 00 95,125, 750. 00 34,133, 400.00 23, 990,950. 00 12, 039,000. 00 211 TKEASURER. N o . 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 T H E CLOSE O F E A C H - F I S C A L Y E A R FROM 1890—Continued. Denomination. I s s u e d dur- T o t a l i s s u e d . ing year. Redeemed during year. $361, 628, 000 20, 000,000 40, 000, 000 $8, 239, 000. 00 T o t a l redeemed. Outstanding. $301, 663, 000.00 19, 985, 000. 00 39, 990, 000. 00 $59, 965, 000.00 15 000 00 10, 000. 00 90, 960, 000 2, 651,261, 808 90,960, 000.00 2,303,580,792.00 1,000,000.00 .347, 681, 016. 00 1,000,000.00 90,960, 000 2, 651,261, 808 90, 960, 000. 00 2, 304, 580, 792. 00 346, 681, 016, 00 1894. $35,620, 000 F i v e thousand dollars T e n thousand dollars Total U n k n o w n destroyed . Net ' . 1895. One dollar T w o dollars F i v e dollars T e n dollars Twent 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 599,333.00 383,759,048.80 498, 302. 00 ' 181, 718, 947. 20 16, 463, 365. 00 425,720.341.00 20, 045, 570.00 402,482, 525. 00 20, 920, 580. 00" 364, 397, 230. 00 3, 220, 950. 00 120, 372, 750. 00 4, 626,400. 00 143, 529, 450. 00 2,761, 500. 00 189, 098, 500. 00 5, 584, 000.00 307, 247, 000. 00 19, 985, 000. 00 39, 990, 000. 00 3, i85. 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 1 74. 720. 000. 00 2, 378, 300, 792. 00 1, 000, 000. 00 347, 681, 016. 00 1, 000, 000. 00 74, 720, 000. CO 2, 379, 300,792. 00 346, 681, 016. 00 732,000 608, 000 18,000,000 16,760, 000 15, 520, 000 1,530,000 2, 210, 000 19, 360, 000 T e n t h o u s a n d dollars Total Unknown, destroyed Net 186,944,160 184, 299, 048 480, 041, 760 483, 291, 240 •454,122,400 132, 815, 200 165,104, 000 198, 376, 000 380, 988, 000 20, 000, 000 40,000, 000 74, 720, 000 2, 725, 981, 808 1896. One d o l l a r . r . 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 u d r e d dollars F i v e h u n d r e d doUar.s One thousand dollars F i v e thousaud dollars T e n t h o u s a n d dollars- Total Unknown, destroyed Net 656, 000 1,488, 000 19, 440, 000 22, 200, 000 7, 200, 000 3, 800, 000 8, 000, 000 187, 600,160 185, 787, 048 499, 481, 760 505,493,240 461, 322, 400 136,615,200 173,104,000 198, 376, 000 387,128, 000 20, 000, 000 40, 000, 000 715,050.00 734, 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. 80 182,453, 257. 20 441, 584, 531. 00 421, 015,485. 00 381, 302, 870.00 123, 309, 200. 00 147, 758, 350. 00 191, 661, 000. 00 313, 691, 000. 00 19, 985, 000. 00 39, 990, 000. 00 3,126,061.20 3, 333, 790. 80 57. 897, 229. 00 84,475, 755. 00 80, 019, 530.00 13, 306, 000. 00 25. 345, 650. 00 6 715 000. 00 73,437, 000. 00 15, 000. 00 10, 000. 00 68, 924, 000 2, 794, 905, 808 68, 924, 000. 00 2, 447, 224, 792. 00 1, 000, 000. 00 347, 681, 016. 00 1,000,000. 00 68, 924, 000 2, 794, 905, 808 68, 924, 000. 00 2, 448, 224,792. 00 346, 681, 016. 00 6,140, 000 1897. T w o dollars F i v e dollars Ten dollars T w e n t y dollars Fifty dollars O'oe hunclred doUars : F i v e h u n d r e d dollars One thousand dollars Five thousand dollars. . Ten t h o u s a n d dollars 700, 000 600, 000 15, 400, 000 14, 520, 000 7, 600, 000 3,600, 000 2,000, 000 11,100, 000 4,100, 000 188, 300,160 186, 387,048 514, 881, 760 520, Oil, 240 468, 922, 400 140,215,200 175,104,000 209, 476, 000 391, 228, 000 20, 000, 000 40, 000, 000 753, 248. 00 1, 084, 833. 00 15, 822, 202. 00 17, 803, 684.00 14, 696,458.00 2, 002, 025. 00 2, 885, 550^ 00 1, 712, 000. 00 3,360, 000. 00 185, 227, 346. 80 183, 538, 090. 20 457,406, 733. 00 438,339,169.-^0 395, 999, 328. 00 125,311,225.00 150, 643, 900. 00 193,373, 000. 00 317, 051, 000. 00 19, 985, 000. 00 39, 990, 000. 00 3, 072, 813. 20 2, 848, 957. 80 57,475,027.00 81,692,07L00 72,923. 072. 00 14, 903, 975. 00 24,460,100. 00 16,103,000.00 74,177, 000.00 15, 000. 00 10 000 00 347,681,016.00 1, 000,000. 00 Total Unknown, destroyed 59,620,000 2,854, 525, 808 59, 620, 000. 00 2, 506, 844, 792. 00 1, 000, 000. 00 Net • 1898. One dollar l^'wo d o l l a r s F i v e dollars T e n dollars T w e n t y dollars Fiftydollars One h u n d r e d dollars F i v e h u n d r e d dollars One thousand dollars F i v e thousand dollarsT e n t h o u s a n d dollars 59, 620, 000 2, 854, 525, 808 59,620,000.00 2, 507, 844, 792. 00 346, 681, 016,00 Total Unknown, destroyed Net 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, 000 584, 378. 00 724,112.00 15, 916, 335. 00 35,2.56,240.00 11, 716, 560. 00 1,382.375.00 2,336, 500. 00 1,441,500. 00 4, 902, 000. 00 185,831,724.80 184, 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 2,488,435.20 2,124, 845. 80 63, 998; 692. 00 81,115, 831. 00 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 54, 260, 000 2,908, 785, 808 54, 260, 000. 00 2,561,104, 792. 00 1, 000, 000. 00 347,681,016.00 3,000,000.00 54, 260, 000 2, 908, 785, 808 346, 681, Oi6.00 22, 440, 000 14, 680, 000 7, 680, 000, 1, 300, 000 3,100, 000 700, 000 4, 360, 000 54,260,000.00 2, 562,104, 792. 00 212 Nc. REPORT ON T H E FINANCES. 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 T H E CLOSE O F EACH F I S C A L YEAR FROM 1890—Continued. Denomination. . Issued dur- Total issued. ing year. Redeemed Total redeemed. Outstanding. during year. 1899. OnedoUar... 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 d o U a r s Five hundred dollars....... One t h o u s a n d d o l l a r s F i v e thousand dollars T e n t h o u s a n d dollar** Total .. . . Unknowu, destroyed Net 1900. 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 F i f t y (iollars 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 d o l l a r s $271, 782. 00 $186, 083, 506. 80 184, 595, 410. 20 333, 208. 00 492, 323,978. 00 19.000,930.00 471,164,859.00 37,589,^50.00 420,571, 438. 00 12, 855. 550. 00 2,722,300.00' ^ .329,415,900.00 356,984,700.00 4, 004, 300. 00 199,980,000.00 5,165, 500. 00 348,434,000.00 26, 461, 000. 00 19, 985, 000. 00 39,990, 000. 00 88,404, 000. 00 2, 649, 508, 792. 00 1, 000, 000. 00 88, 404, 000 2;997,"l89r808~ 88, 404, 000. 00 2, 650, 508, 792. 00 $2, 260, 653. 20 2,111,637.80 73, 797, 782. 00 92, 886, 381. 00 79, 470, 962. 00 33,599,300.00 24, 019, 300. 00 12, 296, 000. 00 47, 214, 000. 00 35,000.00 30,000.00 347, 681, 016. 00 3,000,000.00 346, 681,016.00 188, 364,160 186,763, 04.8 592,821, 760 591,931,240 512, 362,400 14.5,015,200 185, 204.000 212, 776, 000 402, 628, 000 20, 000, 000 40, 000, 000 80,676,000 3, 077, 865,808 2,131, 554. 20 1,899,701.80 77, 056, 202.00 99,922,211.00 77. 031,172. 00 13, 564,175. 00 23,090,750.-00 10, 835, 250. 00 42,125, 000. 00 15, 000. 00 30,000.00 347,681,016.00 1,000,000.00 346, 681, 016. 00 $44, 000 320, 000 28,800,000 29, 360, 000 23,440, 000 1, 500, 000 2, 800, 000 2,100, 000 40, 000 $188, 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, 808 186, 232, 605. 80 384,863,346.20 515, 765, 558. 00 492, 009, 029. 00 435, 331, 228. 00 131,451,025.00 362,113, 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 1, 000, 000. 00 80, 676, 000 3707778657808" 80, 676, 000. 00 2,731,184, 792. 00 20, 000 56, 000 26, 700, 000 27, 880, 000 12,320,000 2,000,000. 4, 200, 000 500, 000 7, 000, 000 T e n t h o u s a n d dollars Total Unknown, destroyed ISTet 1901. One dollar ; 188,364,160 186. 763, 048 T w o dollars 592, 821, 700 F i v e dollars 655,231,240 T e n doUars . . . 63, 280, 000 522, 762, 400 T w e n t v dollars i 10, 400, 000 F i f t y cfollars 146, 235, 200 1, 200, 000 189, 904, 000 One h u n d r e d d o l l a r s 4, 700, 000 215, 876, 000 F i v e h u n d r e d dollars 3,100, 000 One t h o u s a n d d o l l a r s 411, 628, 000 9,000, 000 F i v e thousann dollars 20, 000. 000 T e n thousand dollars 40,000, 000 Total . .91,680.000 3,169, 545,808 Unknown, destroyed • Net 91, 680, 000 3,169, 545, 808 No. 149, 099. 00 267, 936.00 23, 441,580. 00 20, 844,170. 00 14, 759, 790. 00 2,035.325.00 5,128, 550. 00 1, 960, 750. 00 12, 089, 000.00 186, 324, 367. 80 2, 039, 792. 20 1, 674, 643. 80 185, 088, 404. 20 541,428,578.00 51, 393.182. 00 520, 088, 469. 00 135,122, 771. 00 70,471,2.^2.00 452,291 148.00 12, 365, 575.00 133,849,625.00 22, 652, 550. 00 167,251,450.00 12, 390, 250. 00 203, 485, 750. 00 39, 551,000.00 372, 077, 000. 00 10, 000.00 19, 990, 000. 00 10 000.00 39,990,000.00 27821, 864,"792.'00' 347 681 016.00 91, 680, 000. 00 1, 000, 000. 00 1, 000, 000. 00 91, 680, 000. 00 2, 822,864, 792. 00 346, 681, 016. 00 91, 762. 00 225, 058. 00 25, 663, 020. 00 28, 079, 440. 00 16, 959, 920. 00 2, 398, 600. 00 5.138, 200. 00 1, 545, 000. 00 11,574, 000. 00 5, 000. 00 3 1 . — T R E A S U R Y N O T E S OF 1890 OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING AT T H E CLOSE OF EACH FISCAL YEAR FROM 1891. Denomination. 1891. One dollar ... T w o dollars . Five dollars Ten dollars T w e n t y dollars '; O n e t h o u s a n d dollars Total I s s u e d durRedeeraed i n g y e a r . T o t a l issued., d u r i n g y e a r . Total redeemed. Outstanding. $3, 656, 417 3,176, 000 10, 220, 000 17,560,000 3, 440, 000 6, 900. 000 6, 900, 000 $3, 656,417 3,176, 000 10,*220,000 17,560, 000 3,440, 000 6, 900, 000 6, 900, 000 $139,967 34,908 123, 815 532, 290 21,320 386,700 605, 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 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 1, 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, 000 111,982,841 8, 646, 770 10,270,770 1892. One dollar T w o dollars F i v e dollars T e n dollars . . T w e n t y dollars One h u n d r e d d o l l a r s One t h o u s a n d d o l l a r s Total 60,130,424 101,712,071 213 TREASURER. N o . 3 1 . — T R E A S U R Y N O T E S OF 1890 O F EACH DENOMINATION ISSUED, R E D E E M E D , AND OUTSTANDING AT THE CLOSE OF EACH F I S C A L Y E A R FROM 1891—Continued. Denomination. 1893. O n e dollar T w o dollars Fivedollars T e n dollars T w e n t y dollar.-^ F i f t y dollars One h u n d r e d d o l l a r s . . One thousand dollars. Total Issued durRedeemed i n g y e a r . T o t a l issued. d u r i n g y e a r . Total redeemed. Outstanding. $10, 770,106 7, 888,000 20,100, 000 19,360,000 11, 040, 000 800, 000 1, 080, 000 16, 200, 000 $18,674,947 17, 856, 000 44, 940, 000 52, 280, 000 22,800. 000 800, 000 12, 070, 000 29, 800, 000 $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 87, 238,106 199, 220, 947 41, 759, 950 52, 030, 720 147,190, 227 6,669,190 4,192, 000 9, 200, 000 8, 720, 000 3,840, 000 370,000 5, 500, 000 13, 300, 000 25, 344,137 22, 048, 000 54,140, 000 61, 000, 000 26,640,000 1,170, 000 17, 570, 000 43,100. 000 7,138, 726 6, 205, 329 12, 316, 885 I I , 447,780 4,067, 080 114, 800 I, 554, 400 3, 552, 000 12, 514, 680 31, 701, 675 20, 320, 815 19,759,310 6, 529, 340 121,100 5, 943, 000 23,538,000 12, 829, 457 10, 346,325 33, 819,185 41, 240, 890 20,110, 660 I, 048, 900 11, 627, 000 21, 562,000 51,791,190 251, 012,137 . 46, 397, 000 8, 427, 720 152, 584, 417 6, 284, 983 4, 336, 000 20, 240, 000 10, 720, 000 1,120, 000 5, 000 30, 000 1, 480, 000 31.629,120 26, 384, 000 74, 380, 000 71, 720, 000 27,760, 000 . 1,175,000 17,600,000 44, 580, 000 44, 215, 983 295, 228,120 7, 530,880 6,168, 000 17, 820, 000 12, 760, 000 880, 000 39,160, 000 32, 552, 000 92, 200, 000 84, 480, 000 28, 640, 000 1,175, 000 17, 600, 000 44, 580, 000 6, 964, 279 5, 089, 496 15, 611, 655 12, 617, 210 5, 298, 360 300, 800 4, 043, 200 11,639, 000 340, 387, 000 61, 564, 000 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 3894. OnedoUar... 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.., One t h o u s a n d d o l l a r s . Total 1895. 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 hundred dollars.. One t h o u s a n d d o l l a r s . Total. 8, 063, 606 5, 970,499 13, 637, 675 12,140,110 5, 276, 360 302, 850 1,724,900 3, 596, 000 50,712,000 20, 37, 33, 31, II, 578, 286 672,174 958, 490 899, 220 805, 700 423, 950 7, 667, 900 25,134, 000 11, 0.50, 834 8.711,826 40,421,530 39, 820, 780 35, 954, 300 751, 050 9, 932,100 19, 446, 000 149,139, 720 146, 088, 400 1896. One dollar.. T w o dollars F i v e dollars •. T e n dollars T w e n t y dollars -... Fifty dollars One hundred dollars.. One t h o u s a n d d o l l a r s . Total 45,158, 27, 542, 565 22, 761, 670 49, 570,145 44.516,430 17,104, 060 724, 750 11,711,100 36, 773, 000 210.703,720 31,617,4.35 9, 790, 330 42,629,855 39, 963, 570 11, 535, 940 450, 250 5, 888, 900 7, 807, 000. 129,683,280 1897. O n e dollar T w o dollars Fivedollars T e n dollars T w e n t y dollars .Fifty d'oUars One h u n d r e d d o l l a r s . . Onethousand dollars. Total.'. 250, 000 7, 320, 000 30,1 ,000 371, 073, 000 45,502,000 34,518,125 27, 973, 630 62,444, 935 55, 310, 710 20, 662,120 854, 300 14, 512, 900 39, 929,000 11, 785, 875 8, 930, 370 36,175, 065 32, 689, 290 9, 657, 880 320, 700 3,337,100 11, 971, 000 256, 205, 720 114,867, 280 1898. OnedoUar T w o dollars Fivedollars Ten dollars T w e n t y dollars Fiftydollars One h u n d r e d (Iollars.O n e t h o u s a n d d-ollars. Total 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 5, 276, 258 9,798,615 7,146, 500 2, 266. 850 59,050 1, 285, 700 9, 628, 000 42, 359,152 33, 249, 888 72, 243, 550 62, 457, 210 22, 928, 970 913, 350 15, 798, 600 49, 557, 000 15, 900, 848 10, 782,112 30, 876.450 29,142, 790 9, 071, 030 261, 650 2, 201,400 2, 971, 000 29, 642, 000 400,715, 000 43, 302, 000 299. 507, 720 101, 207, 280 6, 416, 000 4, 336, 000 12,400,000 5,720,000 1, 840, 000 64, 676, 000 48, 368, 000 1.15, 520, 000 97, 320, 000 33, 840, 000 1,175,000 18, 000, 000 52, 528, 000 9, 804, 646 6, 276, 024 10,612,440 7, 635,110 2,225,680 110, 500 634, 600 1,102,000 52,163,798 39, .525, 912 82, 855, 990 70, 092, 320 25,154, 650 I, 023, 850 16, 433, 200 50, 659, 000 12, 512, 202 8,842,088 32, 664, 010 27, 227, 680 8. 685, 350 151,1501,566, 800 1,869, 000 30,712,000 431,427. 000 38, 401, 000 337, 908, 720 93, 518, 280 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 '.. FiftydoUars One h u n d r e d d o l l a r s . . One t h o u s a n d d o l l a r s . Total 214 REPORT ON T H E FINANCES.' N o . 3 1 . — T R E A S U R Y NOTES O F 1890 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 FROM 1891—Continued. Issued during year. Totalissued. Denomination. " - . - . . . F i f t y dollars One h u n d r e d doUars O n e t h o u s a n d dollars Total • $28,000 1, 440, 000 5, 220,000 7,360,000 1, 920, 000 40. 000 $64,704,000 49, 808, 000 120, 740,000 104, 680, 000 35,760, 000 1,175,000 . 18, 000, 000 52, 568, 000 $7, 081, 540 5,311, 330 10, 730, 750 7,333. 990 2. 082, 520 31,850 342, 300 585, COO $59, 245. 338 44,837, 242 93, 586, 740 77, 426, 310 27, 237,170 1,055,700 16, 775, 500 51,244,000 $5,458,662 4,970, 758 27,153,260 27 253 690 8, 522, 830 119,300 1,224,500 3, 324,000 16,008, 000 447,435, 000 33,499, 280 371,40.S,000 1 70,027,000 64, 704, 000 49, 808, 000 120, 740, 000 104,680,000 . 35,760, 000 1,175,000 18, 000,000 52, 568, 000 3. 273.173 2,957, 202 10.616,185 8, 313, 850 2, 285, 340 29,850 289,400 479. 000 62, 518, 511 47, 794,444 104, 202, 925 85, 740.160 29, 522, 510 1. 085, 550 17,061,900 51, 723, 000 2,185, 489 2, 013, 556 16, 537, 075 38,939,840 6 237 490 89,450 935,100 845, 000 447,435, 000 28,244,000 399, 652, 000. 47, 783. 000 1901. O n e dollar : T w o dollar s . F i v e dollars T e n dollars T w e n t y dollars Fiftv dollars O n e h u n d r e d dollars One t h o u s a n d dollars Total No. Outstanding. \ 1900. One T w o dollar dollars F i v e dollars Total redeemed. Redeemed during year. : 3 2 . — G O L D CERTIFICATES O F EACH DENOMINATION I S S U E D , R E D E E M E D , AND OIITSTANDING AT T H E CLOSE O F EACH F I S C A L Y E A R FROM 1890. Denomination. 1890. Twen ty dollars Fifty dollars One hundred dollars.. Five hundred dollars. One thonsand dollars. Five thousand dollars. Ten thousand dollars.. Total. 1891. Twenty dollars Fiftydollars Onehundred dollars.. Five hundri'd dollar.s. One thousand dollars. Five thousand dollars Ten thousand dollai-s. Total. 1892. Twenty dollars Fifty dollars One hundred aollars... Five hundred dollars.. One thousand dollars... Five thousand dollars. Ten thousaud dollars. Total 1893. Twenty dollars Fifty dollars .•. One'hundred dollars... Fivehundred dollars.. One thousand dollars.., Five thousand dollars. • Ten thousaud dollars.. Total- Issued during year. $2, 880, 000 2, 200, 000 2, 000, 000 2, 000, 000 4, 000, 000 11,350,000 24, 620, 000 Redeemed Total issued. during year. $23, 920, 000 20,000,000 42, 234, 300 58, 844, 000 171. 881, 000 541, 890, 000 495, 070, 000 $1, 905, 628 1,600,145 1, 533,800 1, 734, 000 2,152, 000 13, 950, 000 22, 680, 000 Total redeemed. Outstand- $11,966,526 10, 956,795 30,121, 000 47, 502, 500 148, 819, 500 507,490, 000 439,440, 000 $11, 953, 474 9, 043, 205 12,113, 300 11,341,500 23, 061, 500 34,400, 000 55, 630, 000 49, 050, 000 1,353,839,300 45, 555, 573 1,196,296,323 4, 240, 000 28,160, 000 1, 000, 000 21, 000, 000 2, 400, 000 44, 634, 300 2, 200,000 61, 044, 000 3, 300, 000 175,181, 000 6, 680, 000 ^ 548,570,000 43,700,000 538, 770, 000 1,971,700 1,587,350 1, 698, 500 2,170, 000 5, 314, 000 14, 380, 000 41,480,000 63,520,000 I 1,417,359,300 68, 601, 550 1. 264, 897, 871 152, 461, 429 160, 000 400, 000 400, 000 1,000,000 7, 000, 000 18. 725, 000 42, 840. 000 28, 320; 000 21, 400, 000 45, 034, 300 62, 044, 000 182,383,000 567, 295, 000 581, 610, 000 ^ 70, 525,000 1, 487, 884, 300 20, 000 50, 000 4, 660, 000 8, 340, 000 13,070,000 28, 320, 000 21,400,000 45, 054, 300 62, 094, 000 182,181,000 571, 955, 000 589,950, 000 2, 260, 800 1, 748, 900 2, 379, 800 2,512.000 7,871,000 14,615,000 35,OUO,000 13, 938, 226 12, 544,145 31,819,500 49, 672, 500 154,133,500 521,870, 000 480, 920, 000 16,199, 026 14, 293, 045 34,199, 300 52,184, 500 162, 004. 500 536, 485, 000 515, 920, 000 66, 387, 500 1,331,285,371 2,84.3,340 1, 982, 600 3, 456, 300 4, 027, 500 7, 893, 000 17, 500, 000 39,120, 000 157, 542, 979 14, 221,774 8, 455, 855 12, 814, 800 11,371,500 21, 047, 500 26, 700, 000 57. 850, 000 12,120,974 7,106, 955 10,835,000 9, 859, 500 20,176, 500 30, 810, 000 65, 690, 000 356,598,929 19. 042, 366 9, 277, 634 16, 275, 645 5,124, 355 37, 655, 600 7, 398,700 56, 212,000 5, 882, 000 169, 897, 500 12, 283, 500 17, 970, 000 553,985,000 555,040, 000 34, 910, 000 1, 500, 954, 300 76, 822, 740 1,408,108, 111 92, 846,189 215 TREASU&ER. No. 3 2 . — G O L D CERTIFICATES 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 FROM 1890—Continued. I s s u e d during year. Denomination. 1894. T w e n t y dollars F i f t y dollars One b 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 thousand dollars T e n t h o u s a n d dollars Total • 1895. T w e n t y dollars Fiftv dollars One liuudred dollars F i v e h u n d r e d doUars Total redeemed. Outstanding. $28, 320, 000 21,400,000 45, 054, 300 62, 094, 000 182,181, 000 572, 055, 000 589, 950, 000 1, 501, 054,300 $1,813,040 1,006,350 1,726,400 I, 335, 500 3, 422, 000 5, 885, 000 11, 370, 000 26, 558, 290 $20, 855, 406 17, 281, 995 39, 382,000 57, 547, 500 173, 319, 500 559, 870, 000 566,410, 000 1, 434, 666, 401 $7,464,594 4,118,005 5, 672, 300 4, 546, 500 8,861, 500 12,185,000 23,540,000 66, 387, 899 28, 320, 000 21, 400, 000 45, 074,300 62, 094, 000 182,181,000 572,105, 000 590, 000, 000 1, 501,174, 300 1, 265, 640 460, 600 088. 200 302, 500 981,000 4, 810,000 9, 530, 000 18,037,940 22,121, 046 17,742, 595 40,070,200 57,850,000 174,300,500 564, 680, 000 575,940, 000 1, 452, 704, 341 6,198, 954 3, 657,405 5, 004,100 • 4,244,000 7,880, 500 7, 425, 000 14,060,000 48, 469, 959 28,320,000 21,400,000 45, 074, 300 62, 094, 000 382,181,000 572,120, 000 15, 000 594, 840, 000 4, 840,000 "~ 4,855,000' 1, 506, 029, 300 893, 220 . 559, 650 790, 400 446, 500 • 1,487,000 1, 420, 000 4, 910, 000 10, 506, 770 28, 330, 000 21,400,000 45, 074, 300 62,094, 000 182, 181,000 572,120, 000 594,840,000 I, 506, 039, 300 385,120 289, 200 396, 700 293, 000 702, 000 460,000 1, 520, 000 4, 046, 020 23, 399, 386 18, 591, 445 41, 257, 300 58, 589, 500 176,489, 500 566, 560, 000 582, 370, 000 3,467,2.57,131 28, 330, 000 21,400, 000 45, 074, 300 62, 094, 000 182,181,000 572,120, 000 594,-840, 000 1, 506, 039, 300 255,920 152,200 184,400 103,500 161, 000 355, 000 150.000 1, 362, 020 23, 655, 306 4, 674, 694 18, 743, 645 . 2, 656, 355 41,441,700 3, 632, 600 58,693, 000 3, 401,000 176, 650,500 5, 530, 500 566, 915,000 5,205, 000 582,520, 000 12,320.000 1,468, 639,151 37,420,149 28, 330, 000 21,400, 000 45, 074, 300 62,094, 000 182,181, 000 572,120, 000 594, 840, 000 .1,506,039,300 183, 730 118, 000 149,100 116, 500 160,000 435,000 1, 960, 000 3,122, 330 23, 839, 036 18, 861, 645 41, 590,800 58,809, 500 176,810,500 567, 310,000 584, 520, 000 17471, 741, 481 4,490, 964 2,538,355 3,483,500 3, 284,500 5, 370,500 4, 810,000 10, 320, 000 34, 297, 819 53, 590, 000 19,100, 000 19,160, 000 7, 750, 000 27,700, 000 23, 915, 000 66,110, 000 217,325,000 81, 920, 000 40, 500, 000 64, 234, 300 69, 844, 000 209, 881, 000 596, 035,000 660, 950, 000 1,723,364,300 2, 584, 640 1, 248, 800 1, 488. 200 1,109, 000 1,630,000 3,265,OoO 12, 500, 000 23, 825, 640 26, 423, 676 20,110, 445 43, 079, 000 59,938,500 178, 440, 500 570, 575, 000 597, 020, 000 1,495, 567,: 121 55,496, 324 20,389, 555 21,155, 300 9, 925, 500 31,440, 500 25, 460, 000 63, 930, 000 227. 797,179 36, 960, 000 2, 900. 000 6, 400, 000 2,100,000 3.900,000 5, 000, 000 57, 310, 000 114, 570, 000 118,880,000 43,400, 000 70, 634, 300 71, 944, 000 213, 781, 000 601, 035,000 718, 260, 000 1,837,934.300 9, 064,140 2, 712, 250 2, 992,100 I, 524, 000 1, 907,000 1,720,000 33,490,000 53,409, 490 35,487, 816 83, 392,184 22, 822, 695 20, 577, 305 46, 071,100 24, 563. 200 61, 442, 500 10, 501, 500 180, 347, 500 33,433 500 572, 295, OOO 28, 740, 000 630, 510, 000 87, 750, 000 1, 548, 976, 611 288; 957, 689 . - -. FiA^e t h o u s a n d doUars T e n tbousaud dollars Total . . . 1896. T w e n t y dollars F i f t y doUars One b u n d r e d dollars F i v e liundred dollars One thousand dollars F i v e t b o u s a u d dollars Teii t h o u s a n d dollars Total 1897. T w e n t y dollars . ... Fifty dollars One h u n d r e d dollar.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 t h o u s a n d doUars T e n t h o u s a n d dollars ^ Total 1898. T w e n t y dollars Fifty dollars One n 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 thousand dollars. - T e n t h o u s a n d dollars Total... 1899. T w e n t y dollars F i f t y dollars One 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 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 Total 1900. T w e n t y doUars Fifty dollars C)ne 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. Ten t h o u s a n d dollars Total 1901. T w e n t y dollars Fifty dollars Oue b u n d r e d d o l l a r s F i v e bundred 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 Total edeemed Total issued. dR uring year. $100, 000 100, 000 20, 000 50, 000 50, 000 120, 000 10,000 10, 000 23, 014, 266 5, 305, 734 18, 302, 245 3, 097, 755 40,860, 600 4, 213, 700 58, 296, 500 3,797 500 175, 787, 500 , 6,393,500 566,100, 000 6, 020, 000 580, 850, 000 13, 990, 000 1, 463, 211, 111 42,818,189 4, 930, 614 2,808 555 3,817,000 3, 504, 500 5, 691, 500 5, 560 000 12, 470, 000 38, 782,169 216 No, REPORT ON THE FINANCES. 3 3 . — S I L V E R CERTIFICATES OF EACH DENOMINATION ISSUED, R E D E E M E D , AND OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1890. I s s u e d during year. Totalissued. Denomination. 1890. 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 doUars One'hundred dollars.. F i v e hundred dollars. One t h o u s a n d d o l l a r s . $14, 700,000 9, 280, 000 28,100,000 39. 000, 000 800, 000 2, 600, 000 Total. 94,480, 000 Redeemed during year. . Total redeeraed. Outstanding. $51, 800, 000 $11,473,489.70 34, 480, 000 6, 959,904. 80 119,100, 000 11,552,583.50 188, 274, 000 14,965, 607. 00 83, 746, 000 8, 828, 760. 00 12, 850, 000 1, 003, 950. 00 16, 740. 000 636, 700. 00 13, 650, 000 93, 000. 00 23, 490, 000 56, 000. 00 $20, 665, 517. 90 .$31,134, 482.10 11, 922, 239. 60 22, 557. 760. 40 16, 972, 843. 50 102,327, 156.50 76, 802, 984. 00 111,471,016.00 57, 465,144. 00 26, 280. 856. 00 9, 595,140. 00 3, 254, 860. 00 12, 450, 880. 00 4,289,120.00 3 3, 396, 500. 00 253, 500. 00 23, 319, 000.00 171,000. 00 544,130, 000 55, 569, 995. 00 242,590,249.00 63, 120,000 39, 024, 000 348, 640, 000 207, 154, 000 94, 066, 000 16, 250,000 19, 740,000 16, 350, 000 26, 690, 000 13,389,274.00 7, 868, 255. 00 21, 597, 432. 00 19.766,485.00 8,399,620.00 I 792,100.00 885, 400. 00 497, 000.00 733, 000. 00 301,539,751.00 -|- 1891. O n e doUar T w b doUars F i v e doUars T e n doUars T w e n t y dollars Fifty dollars One h u n d r e d doUars F i v e h u n d r e d doUars One t h o u s a n d d o l l a r s 9, 320; 000 4, 544, 000 I 29, 540, 000 18, 880, 000 10,320. 000 3, 400, 000 3, 000, 000 2, 700, 000 3, 200, 000 Total, 84, 904, 000 629, 034, 000 I 71, 728, 566. 00 12,872,000 7, 424, 000 23; 660,000 25,160, 000 23,040, 000 6, 900, 000 10, 700, 000 73, 992, 000 46, 448, 000 172, 300, 000 232, 334, 000 117,106, 000 23,150, 000 30, 440, 000 36,350,000 26, 790, 000 32, 054,791. 90 29, 065,208.10 19, 790,494. 60 19, 233,505. 40 38,570, 275. 50 110, 069,724.50 96, 569,469. 00 110, 584,531.00 65, 664,764. 00 28,401, 236.00 10, 387,240. 00' 5, 862,760.00 13, 336,280.00 6, 403,720.00 13, 893,500. 00 2, 456,500. 00 24, 052,000. 00 2, 638,000.00 314, 318, 815. 00 314,735,185.00 1892. One d o l l a r T w o dollars F i v e dollars T e n doUars T w e n t y dollars Fifty dollars One h u n d r e d doUars F i v e h u n d r e d dollars One t h o u s a n d dollars Total , ' : 100, 000 109,856, 000 625, 433. 00 46, 680, 224. 90 527, 668. 00 29, 318,162. 60 69, 868, 285. 50 298, 010.00 153, 780. 00 121, 723, 249.00 378, 440. 00 73, 043, 204. 00 046, 950. 00 13,434,190.00 306, 100. 00 14, 642, 380. 00 275, 500. 00 15, 169, 000. 00 345, 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 1.5, 797,620. 00 1,183, 000. 00 1, 393!000. 00 738,890, 000 92, 956, 881. 00 407, 275. 696. 00 331, 614, 304.00 1893. OnedoUar T w o dollars F i v e doUars Ten dollars T w e n t v dollars Fifty dollars One'hundred dollars.. Five hundred dollars. One t h o u s a n d d o U a r s . 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 Total 84, 688, 000 54,144, 000 199, 300,000 259, 594, OOO 139, 906,000 28, 850, 000 39, 040, 000 16, 450, 000 26,890,000 15,152, 942. 00 8, 803,138. 00 35, 429, 910. 00 30, 657, 010. 00 10, 539, 600. 00 3, 224, 800.00 5, 634, 400. 00 522, 000.00 - 665, 000. 00 61, 833,166. 90 22, 854,833.10 38,121, 300. 60 16, 022,699. 40 105, 298,195. 50 94, 001,804. 50 152, 380,259. 00 107, 213,741. 00 83, 582,804.00 I 56, 323,196. 00 14, 658,990.00 ! 14,191, 010. 00 20, 276,780.00 ! 18, 763,220.00 -15,691, 000. 00 759, 000. 00 26,062, 000.00. 828, 000. 00 848,862,000 110, 628, 800. 00 517, 904, 496. 00 | 330, 957, 504. 00 1894. One dollar T w o doUars F i v e doUars 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 . . Five hundred dollars. One t h o i i s a n d d o l l a r s . Total 1895. 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 (tollara O n e h u n d r e d dollars Five hundred dollars One t h o u s a n d dollars Total. 12, 828, 000 8, 040, 000 32, 540, 000 34, 760, 000 28, 960, 000 2, 620, 000 10, 570, 000 130, 318, 000 18, 856, 000 10^304, 000 36, 680, 000 27, 960, 000 19,200,000 I, 320. 000 850, 000 97,516,000 62,184,000 231, 840, 000 294, 354, 000 368,866,000 31,470,000 49, 610. 000 16,450, 000 26, 890, 000 13, 401, 004. 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 22,281. 229,10 46, 817,626. 60 15, 366, 373. 40 144,188, 115.50 87, 651, 884. 50 189, 742,289. 00 104,611, 711.00 100, 016,424: 00 68, 849, 576. 00 18, 313,490.00 13,156, 510. 00 25,383 780.00 24, 226, 220. 00 15, 967,000. 00 483, 000. 00 26, 368,000.00 522, 000. 00 979, 180, 000 124,127, 000. 00 642, 031, 496. 00 337,148, 504. 00 116, 372, 000 72, 488, 000 268, 520, 000 322, 314, 000 188, 066. 000 32, 790, 000 50, 460. 000 16, 4.50. 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. 60 380,257, 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. 00 115,170, 000 1, 094, 350, 000123,424,000.00 I 765,455,490.00 27, 16, 88, 98, 67, 10, 19, 241, 706.10 667, 05L40 262, 709. 50 343, 601. 00 204, 856. 00 902, 260. 00 564, 320. 00 343, 000.00 365, 000. 00 328,894, 504.00 217 TREASURER. N o . 3 3 . — S I L V E R C E R T I F I C A T E S O F EACH DENOMINATION I S S U E D , R E D E E M E D AND OUTSTANDING AT THE. CLOSE O F EACH FISCAL YEAR FROM 1890—Cont'd. Denomination. 1896. 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 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 . Total I s s u e d dur- T o t a l i s s u e d . ing year. . Redeenied during year. $19, 248, 000 $135,620, 000 $17, 049,336.00 81, 368, 000 9, 758,844. 00 8, 880. 000 45, 880, 000 314,400,000 40,167, 740.00 45, 320, 000 367, 634. 000 37, 715,320. 00 18. 640.000 206,706, 000 23, 505i360. 00 38, 350, 000 4,347, 600. 00 5, 560, 000 60, 940, 000 7, 514,300. 00 10, 480, 000 16,450, 000 102, 500. 00 26, 890, 000 122, 000. 00 Total redeemed. Outstanding. $106,179, 629. 90 $29, 440,370.10 65,579, 792. 60 15, 788,207.40 220, 425,030. 50 93, 974,969.50 261, 685,719.00 105, 948,281.00 144, 366,504. 00 62, 359,406. 00 26, 235,340.00 12,114, r.60.00 38, 409,980.00. 22, 530,020. 00 16, 209,500. 00 240, 500. 00 26, 647,000. 00 243,.000.00 154, 008, 000 1, 248.358,000 140, 283, 000. 00 905, 738,496.00 342, 619, 504. 00 1897. 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 clollars One b u n d r e d dollars.. F i v e hundred dollars. One thousand dollars. 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, 270, 000 232, 626,000 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. 00 125^991,795.90 31, 064,204.10 75, 661, 325. Bo 18,122, 674. 40 264, 283, 765. 50 101,736, 234. 50 300, 981, 474. 00 113, 292,526. 00 165,397,990.00 67, 228,010. 00 30, 536, 015.00 15, 013,985. 00 45, 480, 630, 00 28, 659,370. 00 16, 272, 500.00 177, 500. 00 26, 705, 000.00 185, 000. 00 178,432, 000 1,426,790, 000 145,572,000.00 .1,051,310,496.00 Total 1898. One d o l l a r . . T w o dollars F i v e doUars T e n dollars T w e n t y dollars F i f t y doUars O n e h u n d r e d dollars . Five hundred dollars. One thousand dollars. 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, 554, 000 264, 706, 000 57,350,000 75,140, 000 16,550,000 27,190,000 20,142, 265.00 10, 666- 860. 00 41,118,885. 00 35, 999,060. 00 18,165, 180. 00 3, 969,750. 00 20,363, 500. 00 101, 500. 00 216, 000. 00 375,479,504. 00 146,134, 060. 90 30, 901,939.10 86, 328,185.60 18, 775,814. 40 305,402, 650.50 109, 377,349. 50 336, 980,534.00 125, 573,466. 00 183,563, 170.00 81,142, 830.00 34,505, 765.00 22, 844,235.00 65, 644,130. 00 9, 495,870. 00 000.00 176, 000. 00 16, 374, 26,921, 000. 00 269, 000. 00 173,620,000 {1,600,410,000 150, 543, 000. 00 1,201,853,496.00 .398, 556, 504. 00 Total. 1899. One dollar T w o dollars .... F i v e dollars T e n dollars T w e n t y dollars Fifty dollars One b 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 . 31, 408, 000 15, 712, OOo 40, 500, 000 37, 640, 000 19, 600, 000 6, 500, 000 208, 444, 000 120, 816, 000 455, 280, 000 500,194, 000 284, 306, 000 63,850,000 75,140, 000 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. 00 167, 702,268. 90 .40, 741,731.10 97, 823,.580. 60 22, 992,419. 40 348,384. 847. 50 106, 895,1.52. 50 374, 081,129.00 126,132; 871. 00 203, 613,050. 00 80, 692,950. 00 40,883, 890.00 22, 966,110. 00 69, 724,230.00 5, 415.770. 00 16, 436,500.00 113, 500. 00 27, 035,000. 00 155, 000. 00 151,360, 000 1,751,770,000 143,831, 000. 00 1,345,684,496.00 Total 406, 085, 504. 00 1900. One dollar T w o dollars F i v e dollars T e n dollara T w e n t y dollars ... FiftydoUars One n u n d r e d d o l l a r s . . Five h u n d r e d dollars. One t h o u s a n d d o l l a r s . 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, 904, 000 503,420,000 543,914, 000 289, 506,000 67, 650. 000 81. 540, 000 16, 650, 000 32,490, 000 26, 887,693.00 13,243, 736. 00 41, 030,380.00 36, 775,520. 00 20, 980,800. 00 10, 974,525. 00 8, 084,550. 00 100, 500.00 4, 111,000. 00 194, 589,961. 90 52, 222,038.10 111, 065,316.60 30, 838,683.40 389,415, 027.50 114, 004,972. 50 410, 856,649.00 133, 057,351. 00 224, 593,850. 00 64,912, 150. 00 51, 858,435.00 15, 791,585. 00 77, 808.780.00 3, 731.220. 00 16,537, 000.00 113, 000. 00 31,146, 000.00 1, 344,000. 00 172,116, 000 1, 923, 886, 000162,186, 504. 00 1,507,871,000.00 416, 03.5, 000. 00 1901. ' One dollar T w o dollars . F i v e doUars T e n dollars T w e n t y dollars FiftydoUars O n e h u n d r e d dollars . Five bundred dollars. One t h o u s a n d d o l l a r s . Total! 45,288,000 25,464, 000 113,420,000 16, 680, 000 292,100, 000 167, 368, 000 616, 840, 000 560,594,000 289, 506, 000 67, 650, 000 81, 540, 000 16. 650, 000 32, 490, 000 38,154, 258. 00 19,803,152. 00 51, 716,080. 00 44,135, 510.00 19, 087,500. 00 6, 973,200. 00 933, 300. 00 30, 000. 00 1, 040,000. 00 232,744, 219.90 59, 355,780.10 130, 868,468. 60 36, 499,531. 40 107. 50 441,131, 175, 708,892. 50 454, 992,159. 00 105, 001,841.00 350. 00 45, 824,050. 00 243, 681, 8,818, 385.00 58,831, 615.00 080. 00 2, 817,920. 00 78, 722, 83, 000. 00 16, 567,000. 00 000. 00 304, 000. 00 32,186, 200, 852, 000 2,124,738, COO 181, 853, 000.00 1,689,724,000. 00 435, 014, 000, 00 218 No. REPORT ON THE FINANCES. 3 4 . — C U R R E N C Y C E R T I F I C A T E S OF EACH DENOMINATION ISSUED, R E D E E M E D , AND OUTSTANDING AT THE CLOSE OF E A C H F I S C A L YEAR FROM 1890. Issued during year. Denomination. Redeeraed Total issued. during year. Total redeenied. Outstanding. 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 ,$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 39, 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, 000 302,440,000 952,730, 000 50, 000 60, 600, 000 102,195, 000 940, 570, 000 245, 000 12,160, 000 42, 635,000 1, 055,170,000 60, 650, 000 1, 042, 765,000 32,405,000 -190,000 102, 630, 000 78,400, 000 3,031,130,000 40, 000 30,920, 000 102, 2.'{5, 000 971, 490, 000 395, 000 59, 640, 000 78,590,000 1,133,760, 000 30, 960,000 1, 073, 725, 000 00, 035, 000 20,000 .102, 650, 000 67, 560, 000 1,098,690,000 302,355,000 120, 000 71,700,000 3, 043,190, 000 295,000 55, 500, 000 07,580,000 1, 201, 340, 000 71, 820, 000 1,145, 545, 000 55, 795,000 104, 490, 000 1, 840, 000 70,970.000 3,169,660,000 104,290,000 1,935,000 94,460, 000 1,137, 650, 000 200,000 32, 010, 000 72, 810, 000 1, 274,3.50, 000 96, 395, 000 1, 241, 940, 000 32, 210, 000 1, 390, 000 105, 880, 000 104,710, 000 3,274,370,000 104,680,000 390, 000 75, .580,000 1, 213, 230, 000 1,200 000 61,140, 000 106,100, 000 1, 380, 250, 000 75. 970, 000 1, 317, 910, 000 62 340 000 10.*=; Q2r, nnn 55 000 53,100, 000 1. 327, 470, 000 400,000 105, 080, 000 88, 490, 000 1, 301, 720, 000 855, 000 25, 750, 000 53,155, 000 1,433,405, 000 88, 890, 000 1,406, 800, 000 26, 605, 000 305,935,000 30, 800, 000 1 3.^8 9,70 nnn 450, 000 . 105, 530, 000 35, 600, 000 1, 337, 320,,000 . 405,000 20, 950,000 30,800,000 1,464,205,000 36, 050, 000 1,442, 850, 000 21, 355, 000 105,935, 000 9, 420 000 1 afi7 fjnn i\Oi) 370,000 . 105,900,000 26, 700, 000 1, 364, 020, 000 35, 000 3, 070, 000 9, 420, 000 |1, 473, 625,000 27, 070, 000 1, 469, 920, 000 . 3, 705, 000^ Total 1891. 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. 5,000 42,630,000 F i v e t h o u s a n d doUars Ten thousand dollars Total .. . . 1894. 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 1895. F i v e thousand dollars T e n t h o u s a n d dollars Total 1896. F i v e t h o u s a n d dollars Ten thousand dollars; Total : 1897. F i v e t h o u s a n d dollars Total 1898. F i v e thousand dollars T e n thou.sand doUars Total 1899. F i v e t h o u s a n d doUars ... Total 1900. 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 . . . I. Total1901. F i v e t h o u s a n d dollars Ten thousand dollars Total . J 105,935, OCD 1,367,690,000 . 35,000 105, 935, 000 3, 670, 000 1, 367, 690, 000 1,473,625,000 3, 705, 000 1,473, 625, 000 < 219 TREASURER.. N 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, SILVER, AND CURRENCY CERTIFICATES OF EACH DENOMINATION ISSUED, R E D E E M E D , AND OUTSTANDING AT T H E CLOSE OF EACH FISCAL YEAR FROM 1890. I s s u e d dur- T o t a l issued. ing year. Denomination. Redeemed i during year. ! Total redeemed. Outstanding. ! 1890. O n e dollar .... T w o doUars F i v e dol lars T e n dollars T w e n t y dollars Fifty dollars One'hundred dollars FiA^e h u n d r e d d o l l a r s 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 .$14, 916, 000 $235,704,300 $12,111,664.40 ' $201,277,324.70 9, 496, 000 7, 654, 319. 60 ; 190, 756. 408. 80 216,187, 048 48,120,000 514,381,760 32,177,160. 00 1 354, 524, 219. 50 58, 720, 000 576, 085, 240 .30,859,000.00 i .374,203,424.00 34, 240, 000 472, 268, 400 24,021,284.00 i 322. .'i47. 720. 00 4, 800,000 156, 265, 200 7,3.84, ,130. 00 122, 504, 735. 00 8, 000, 000 209,078. 300 7, 854, 970. 00 360,353,530.00 258,170; 000 6, 398, 000. 00 235,246, 500. 00 3, 400, 000 494,999, 000 14, 357, 000. 00 455, 228,500. 00 4, 000, 000 664, 325,000 14, 055, 000.00 629,450, 000. 00 11,350,000 48,100,000 1, 334, 930, 000 50, 870, poo. 00 1, 267, 350,000. 00 Total . U n l c n o w n , de.stroyed 245,142, 000 5,132,394,308 207, 542,568. 00 4, 313, 240, .362. 00 819,153,746.00 1, 000, 000. 00 1, 000, 000. 00 245,142,000 5,332,394,108 207, 542, 568. 00 [4, 334,240, 362. 00 Net 3891. • 249,150, 577 13, 452, 417 224, 763, 048 8, 576, 000 570, 641,760 56, 260, 000 631,965,240 55,880, 000 515,388, 400 43,120, 000 162, 065, 200 6, 200, 000 223,478, 300 14,400,000 264, 070,000 5, 500, 000 512,299, 000 17,300,000 671, 005, 000 6, 680, 000 1,418,070,000 83,140, 000 $34,426,835. 30 25, 430, 639. 20 159, 857, 540.50 203,881.816.00 149, 720, 680. 00 . 33, 760, 465.00 48,926, 770. 00 22,923,500.00 39, 770,500.00 34, 875,000.00 67,580,000.00 818,153,746.00 11,907,394.00 213,184, 718. 70 8,316,160.00 199, 072, 568. 80 38,424,642.00 392,948,861.50 38,544,200.00 412,747,624.00 28, 082, 620. 00 350, 630, 340. 00 6,398,300.00 128,903, 035. 00 8, 675, 300. 00 168, 826, 830. 00 5,617,500.00 240, 864, 000. 00 10,910,000.00 466,138, 500. 00 14,540,000. 00 643, 990, 000. 00 69, 380,000.00 3,336,730,000.00 35, 971, 858. 30 25, 690, 479. 20 177,692,898.50 219,217,616.00 164. 758, 060. 00 33.162 105 00 54, 651, 470.00 23, 206, 000. 00 46,160,500. 00 27,015, 000. 00 81, 340, 000. 00 Total 3)0,508,417 |5 442,902,525 i240, 796,116! 00 U.^^4. 0.36. 47fi. Ot) 1, 000, 000. 00 888,806, 047. 00 1, 000, 000. 00 IS^et 310.508,417 5, 442,902,525 240, 796,116. 00 4,555, 036,478. 00 887 806 047 00 16, 664,477.00 229,849,195. 70 210, 427, 722. 80 11, 355,154.00 441,129,241.50 48,180; 380.00 457,850,354.00 45,102,530.00 379,102, 900. 00 28,472,560.00 135,372, 285. 00 6,469,250.00 177, 977, 630. 00 9,150,800.00 247, 030, 000.00 6,166, 000. 00 479, 217, 500. 00 13, 079, 000.00 658, 615, 000. 00 14, 625, 000. 00 99,150, 000. 00 3,435,880,000.00 37,635,805.30 28, 887, 325. 20 187,272,518.50 233, 915, 086. 00 180, 365, 500. 00 35, 692, 915.00 62,770, 670. 00 23, 560, 000. 00 50, 981,500. 00 31,115,000.00 95, 830, 000.00 377,575,424 5,820, 477,949 298, 415,151. 00 4,852,451, 629. 00 1, 000, 000. 00 968, 026, 320. 00 1, 000,000. 00 377,575,424 5, 820,477, 949 298,415,151.00 4, 853, 451, 629. 00 967, 026,320.00 One dollar T w o dollars F i v e dollars T w e n t y dollars Fifty dollars One'hundied 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 thousand doUars. T e n t h o u s a n d dollars 1892. One dollar . . . T w o dollars F i v e dollars T e n dollars .. . Tvventy d o l l a r s Fifty dollais One hundred dollars F i v e h u n d i e d dollars One t h o u a a n d doUars F i v e thousand dollars T e n t h o u s a n d dollars 38,328,424 267,485, 001 34,552,000 239, 315, 048 57, 760, 000 628,401,760 59, 800, 000 691, 765, 240 44. 080, 000 559, 468, 400 171, 065, 200 9, 000, 000 37, 270, 000 240, 748, 300 6, 520, 000 270, 590, 000 530,199, 000 . . 17, 900, 000 689, 730, 000 18, 725, 000 113, 640, 000 1, 531, 710, 000 Total Unknown, destroyed ]\Tet : 1893. One dollar T w o dollars F i v e dollars T e n dollars . . T w e n t y dollars Fifty dollars One h u n d r e d doUars 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 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 U n k n o w n de.stroyed Net.- 249,609,117.70 289,159,107 19, 759, 922. 00 21, 674,106 39, 549 989. 30 224,392, 250. 80 255,427,048 33,764,528.00 16,112, 000 31, 234, 797. 20 502,001,631.50 193,140,128. 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 9, 944, 550, 00 8, 800, 000 34, 548, 365. 00 197,719,830.00 254, 968, 300 19,742,200.00 14, 220, 000 57, 248,470. 00 254, 033, .500. 00 22, 886, 500. 00 276, 920, 000 7. 003, 500. 00 6, 330, 000 507, 369, 500.00 ^ 57,509,500.00 564, 879, 000 28,152, 000. 00 34, 680, 000 676.365,000.00 694, 395, 000 17,550,000.00 18.230, 000. 00 4,665,000 47, 080, 000.00 .50, 970, 000 1, 582. 680, 000 99, 720, 000. 00 1^535,600,000.00 , . . . . - . . . 344, 031,106 6,164, 509, 055 380, 977,490. 00 5, 234, 429,119. 00 930, 079, 936. 00 220 No. REPORT. ON T H E F I N A N C E S . 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 CrOLD, S I L - VER, AND C U R R E N C Y CERTIFICATES, ETC.—Continned. Issued dur- T o t a l i s s u e d . ing year. Denomination. 1894. One dollar • T w o dollars ... i 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 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 dollars Ten thousand dollars Total redeemed. . . Outstanding. $309, 072, 297 $21, 300, 049. 00 $270, 909,166. 70 239, 739, 946. 80 267, 923, 048 15, 547', 696. 00 573, 765, 906. 50 748, 021, 760 71, 764, 275. 00 591, 938. 354. 00 821, 885, 240 73, 449,100. 00 470, 877, 820. 00 662, 428. 400 47, 945, 620. 00 152, 868, 385.00 185.325,200 7, 551, 550.00 209, 611, 830. 00 . 275,128, 300 11,892,000.00 259, 851. 500. 00 276,1120, 000 5, 818, 000. 00 522, 888, 500. 00 613, 799, 000 15, 539, 000. 00 48, 920, 000 682, 090, 000. 00 694, 685, 000 5, 925, 000. 00 290, 000 78, 400, 000 1, 661, 080, 000 42, 290, 000. 00 1, .577, 890, 000. 00 $38,163 130. 30 28,183,101.20 174. 255, 853. 50 229, 946, 886. 00 191, 550, 580. 00 32, 456. 815. 00 65,516,470.00 17, 068, 500. 00 90, 910, 500.00 12, 595, 000.00 83,190, 000. 00 353,759,190 6, 516, 268, 245 319, 002, 290. 00 5, 552, 431, 409. 00 1, 000, 000. 00 963, 836, 836. 00 1, 000, 000. 00 351, 759,3.90 6, 516, 268, 245 319, 002, 290. 00 5, 5.53, 43i, 409. 00 962, 836, 836. 00 293,467, 628. 70 22, 558, 462. 00 255, 212, 069. 80 15,472,123. 00 66,170, 215. 00 639, 936,121.50 658, 352,144. 00 66, 413, 790. 00 519,185,120. 00 48, 307, 300.00 160,427, 035. 00 7, 558, 650. 00 222,163, 230; 00 12,551,400.00 263, 055, 500. 00 3, 204, 000.00 10, 318, 000. 00- 533, 206, 500. 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. 50 218, 973, 096. 00 179, 083, 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 1, 000, 000. 00 926, 928, 870. 00 1, 000, 000. 00 .$19,913,390 12, 496, 000 52, 880, 000 -•. 61,160, 000 52, 080, 000 5, 460, 000 20,160, 000 Total Net Redeemed during year. 1895. O n e dollar T w o dollars . F i v e dollars . , . Twenty'' dollars F i f t y 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 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 Total Net 334, 945, 280 283,171, 048 822, 941, 760 877,325, 240 698, 268, 400 . 188, ISO, 200 278, 238, 300 276, 920, 000 634.639. 000 20, 840, 000 70,.000 o 694, 755, 000 67, 610, 000 1, 728, 690,000 25,872,983 15, 248, 000 74, 920,000 55, 440, 000 35, 840, 000 2, 855, 000 3,310,000 301, 805, 983 6, 818,°074, 228 338, 713, 940. 00 5, 892,145, 349. 00 925, 928, 879. 00 1896. One dollar T w o dollars F i v e dollars T e n dollars T w e n t y dollars Fifty dollars One h u n d r e d dollars F i v e h u n d r e d dollars One t h o u s a n d dollars F i v e thousand dollars T e n t h o u s a n d dollars Total Unknown, destroyed.' Net 27, 434, 880 16, 536, 000 83,140; 000 80, 280, 000 26, 720, 000 9. 300i 000 IH, 480, 000 362, 380,160 299,707,048 906, 081, 760 957, 605,240 724, 988,400 197,540, 200 296, 718, 300 276, 920, 000 6,140, 000' 640, 779, 000 696, 630, 000 I, 855, 000 75,810,000 1, 804, 500, 000 24, 728, 605. 00 318,196, 293. 70 44,183,866. 30 15,,582, 650. 00 270, 794, 719. 80 28, 912, 328. 20 71,643,585.00 711, 579, 706. 50 194, 502, 053. 50 727, 217, 634. 00 230, 387, 606. 00 68, 865, 490. 00 565, 787, 700. 00 159, 200, 700. 00 46, 602, 580. 00 8,144, 500. 00 168, 571, 535. 00 28, 968, 665. 00 238, 740, 030. 00 36,576,800.00 57, 978, 270. 00 14,750, 500. 00 206,167, 000. 00 10,753, 000. 00 8, 053, 000. 00 . 552,898,500.00 87, 880, 500. 00 690, 375, 000. 00 3, 355, 000. 00 6, 235, 000. 00 99, 370, 000. 00 1, 758, 490, 000. 00 46, 010, 000. 00 345, 755, 880 7,163, 830,108 377, 672, 770. 00 6, 268, 838.119. 00. 895, Oil, 989. 00 1, 000, 000. 00 1, 000. 000. 00 345, 755, 880 7,163,830,308 377, 672, 770. 00 6, '269, 818,119.00 894, Oil, 989. 00 1897. O n e dollar 29, 280, 000 391, 660,160 T w o dollars 17, 368, 000 337,075,048 72, 440, 000 F i v e doUars 978,521,760 64, 680, 000 1,022, 285, 240 Ten dollars 35, 210,000 T w e n t y dollars 760,198,400 10,800,000 208, 340, 200 F i f t y clollars 15.450,000 One'liundred dollars 312,168, 300 11, 100,000 288, 020, 000 F i v e hundred dollars One t h o u s a n d d o l l a r s . . . . . . 32,420,000 653,199, 000 1, :!90, 000 F i ve t h o u s a n d d o l l a r s 698, 000, 000 104,730,000 1, 909, 210, 000 T e n t h o u s a n d dollars Total Unknown,* d e s t r o y e d . . Net 27, 540, 974.00 45, 922, 892. 30 345, 737, 267. 70 16, 378, 326. 00 287,173, 045. SO 29, 902, 002. 20 72,555,727.00 784,135, 433.50 194,386, 326. 50 67, 393, 719. 00 794,611,353.00 227, 673, 887.00 39, 671,124. 00 605, 458, 824. 00 154, 739, 576. 00 33, 047, 215. 00 6, 721, 450. 00 175,292.985.00 60, 273, 570. 00 13,154, 700. 00 251, 894, 730. 00 19, 785, 000. 00 2, 068, 000. 00 268, 235, 000. 00 93, 024, 500. 00 560,374,500.00 7, 276, 000. 00 6, 775, 000. 00 850, OOO. 00 691, 225, 000. 00 73, 620, 000. 00 77,100, 000. 00 1, 835, 590, 000.00 374, 848,000 7, 538, 678,108 330,710, 020. 00 6, 599, 528,139.00 1,000,000.00 939,149, 969. 00 1, 000, 000. 00 374, 848, 000 7, 538, 678,108 330, 710, 020. 00 6 60O 5-^8 139 00 i Q:i8 i^Q QfiQ on 221 TREASURER. No. 3 5 . — A M O U N T OF U N I T E D STATES N O T E S , T'REASURY NOTES, AND GOLD, VER, AND C U R R E N C Y C E R T I F I C A T E S , ETC.—Continned. Denomination. 1898. One dollar I'wo dollars I'ive doUars. Ten dollars Twenty dollars Fifty dollars One hundred dollars.., Five huudred dollars One thousand dollais Five thousand dollars Ten thousand dollars Redeemed during year. I s s u e d durTotal issued. ing year. Totfd redeemed. $31; 936, 000 $423, 596,160 $28,507,670.00 $374, 304','937. 70 303, 840, 275. 80 18, 448, 000 335, 523, 048 16, 667, 230. 00 850, 969, 268. 50 76, 700, 000 1, 055, 221, 760 66, 833, 835. 00 853,013,153.00 66, 560, 000 1, 088, 845, 240 58, 401, 800. 00 32, 404, 510.00 637, 863, 334. 00 41, 440, 000 801, 638, 400 180, 856, 360. 00 . 13,100,000 221, 440, 200 5, 563. 37o. 00 316, 418, 300 23, 97 O; 100. 00 275, 864, 830.00 4, 250, 000 269, 881. 500. 00 800, 000 288,820, 000 1, 646, 500. 00 577, 081, 500. 00 6, 288, 000 659, 487, 000 16, 907, 000. 00 691, 980, 000. 00 55, 000 698,055, 000 755, 000. 00 1, 924, 230, 000. 00 53,100,000 1,962,310,000 88, 640, 000. 00 SIL- Outstauding. !$49, 291, 222. 30 31, 682, 772. 20 204,252,491.50 235, 832, 087. 00 163, 775, 066. 00 40, 583, 840. 00 40.553,470.00 18,938,500.00 82,405, 500. 00 6, 075, 000. 00 38, 080, 000. 00 Total 312, 677, 000 7, 851, 355,108 340, 357, 020. 00 6, 939, 885,159.00 911, 469,949. 00 . 1, 000, 000. 00 1, 000,000. 00 Unknown, destroyed . . . . Net... 1899. One dollar Two dollars Fivedollars. ... Ten dollars 1.. Twenty dollars F^ifty dollars One'hundred dollars Five hundred dollars One thousand dollars Five thousaud dollar.s Ten thousand dollars.. Total UnknoAVii, destroyed • Net . - , 312, 677, 000 7, 851, 355,108 340, 357, 020. 00 ;6, 940, 885,159. 00 910, 469, 949. OG 37, 868,000 461, 464,160 20,368, 000 355, 891,048 81,700,000 1,136, 921. 760 72, 720, 000 1.161, 565, 240 44, 880, 000 846, 518, 400 8, 000, 000 229, 440, 200 2, 800, 000 319, 218, 300 2,100, 000 290.920,000 40, 000 659,527, 000 698, 055, 000 30, 800, 000 1,993,110,000 303,276,000 31,644,636.00 405, 949, 573. 70 18,104, 627. 00 321, 944, 902.80 923, 564, 815. 50 72, 595, 547. 00 915, 238, 308. 00 62,325. 155.00 673,178, 174.00 35, 314. 840. 00 190,185, 285. 00 9, 328, 925. 00 284, 732, 930. 00 8,^68,100.00 .'"), 344, 500. 00 275, 226, 000. 00 604, 918. 500. 00 27, 837, 000. 00 692,825, 000. 00 845, 000. 00 37, 600, 000. 00 1, 961, 830, 000.00 55, 514, 586. 3o'' 33, 946,145. 20 213, 356, 944. 50 246, 226, 932. 00 373,340,226.00 39, 254, 935. 00 34,485, 370. 00 35,694,000.00 54, 608, 500. 00 5, 230, 000.00 31, 280, 000. 00 8,352,631,108 309, 808, 330.00 7,249,693.489.00 | 902,937,619.00 1, 000, 000. 00 I 1, 000. 000. 00 o 301,276,000 8,152,631,108 309. "808, 330. 00 7, 250, 693,489.00 | 903, 937, 619. 00 1900. One dollar. . Two doUars Five dollars.. Ten dollars Twenty dollars Fifty dollars One hundred dollars Five huudred dollars One thousand dollars Five thousand dollars Ten thousaud dollars 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 i 499,880,160 ' 378, 475, 048 1,216,981,760 1 '^^0 Fi9.-i 9A0 919, 548, 400 . 254, 340, 200 348, 978, 300 299, 270, 000 699,567,000 721, 970, 000 2, 068, 640, 000 34,118, 332. 00 440, 067, 905. 70 59, 812,254. 30 18, 821, 002. 00 340, 765, 904.80 37, 709,143. 20 75, 202, 510. 00 998, 767, 325. 50 218, 214, 434. 50 64, 953, 680. 00 980, 291, 988. 00 260, 233, 252. 00 40,407, 750. 00 713, 585, 924. 00 205,962,476. 00 14, 290, 300. 00 204,475, 585. 00 49, 864, 615. 00 15, 043, 600. 00 299, 776, 530. 00 49, 201, 770. 00 3,170, 250. 00 278, 396, 250.00 20, 873,750. 00 623, 333, 500. 00 18,415,000.00 76, 233, 500. 00 696,460, 000. 00 25, 510, 000.00 3, 635, 000. 00 39,200, 000. 00 2,001,030.000.00 67, 610, 000.00 Total 495, .545, 000 8, 648,376,108 327 257 424 00 ,'7 ?;7fi Q^n Q^R 00 1,071,225,195.00 Unknown, destroyed.. . . . 1,000,000.00 . 1,000, 000. 00 495, 545, 000 8 6dft 176. 108 327, 257, 424. 00 ,7, 577, 950, 913. 00 1,070,225,195.00 Net 1901. One dollar. 45, 288, 000 545,168, 160 25, 464, 000 Two dollars 403, 939, 048 113,420, 000 1, 330, 401, 760 Five dollars Ten dollars 79, 960, 000 1,320", 485, 240 47,360,000 Tvventy doUars ^ 966, 908,400 Fifty dollars 4,100, 000 258, 440, 200 11,100,000 360,078, 300 One hundred dollars 304, 470, 000 5,200,000 Five huudred dollars . ; . . : 12, 900, 000 712,467, 000 One-thonsand dollars 5, 000, 000 726,970,000 Five thousand d o l l a r s . . . . . 57,310, 000 2,125, 950, 000 Ten thousand dollars 481, 587, 098. 70 41, 519,193, 00 63,581,061.30 22,985, 412. 00 363,751,316.80 40.187,731.20 87, 995, 285. 00 1 086. 762. 610. .'in 243, 639,149. 50 80, 528. 800. 00 .'l. 060. 820. 788. 00 259. 664, 452. 00 760, 982, 824. 00 205.925 576.00. 47, 396. 900. 00 216, 589, 485. 00 12,113, 900. 00 41. 850, 715. 00 309,109, 530. 00 9,333,000.00 50, 968, 770. 00 3, 099, 000. 00 " 281,495,250.00 22,974,750.00 15. 000, 000. 00" 638,333,500.00 74,133, 500. 00 698, 220, 000. 00 "3,760,000.00 28, 750, 000. 00 37,160, boo. 00 2,038,190,000.00" 87,760,000.00 Total.. . . : . : : 407,102. 000 9,055, 278,108 358; 891,490. 00 7, 935, 842, 403. 00 1,119,435,705. 00 ' • 1. 000, 000. 00 •1,000 000.00 Unknown, destroyed .. „ Net 407,102, 000 9, 055, 278,108 358, 891, 490. 00 7, 936, 842, 403. 00 1,118,435,705.00 222 No. REPORT ON T H E FINANCES. 3 6 . — A M O U N T O F P A P E R C U R R E N C Y OF EACH DENOMINATION OUTSTANDING AT THE CLOSE OF E A C H FISCAL Y E A R F R O M 1890. Denomination. Legal-tender notes. Certificates. National-bank notes. Total. 1890. One dollar Two dollars 1-Five dollars Ten dollars . . . Twenty dollars Fifty aollars One hundred dollars... Five hundred dollars.. One thousand dollars.. Five thousand 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 22,557,760 102,127,157 111, 471, 016 38,234, 330 12, 298, 065 16, 402, 420 11, 595, 000 23, 232, 500 34, 850, 000 67, 580, 000 Total Unknown, destroyed.. 347, 681, 016 1, 000, 000 471,482, 730 185,722, 978 I, 004, 886,724 1,000,000 346, 681, 016 471,482, 730 1, 003, 886, 724 Net $371,488 185,310 52, 014, 270 59, 544,070 45,516, 840 10,276,900 17, 571, 600 192,500 50,000 $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 FiftydoUars One hundred dollars — Five hundred dollars.. One thousand dollars . . Five thousand dollars. Ten thousand dollars.. 6, 906, 650 29, 065, 208 6,456, 974 19, 233, 505 67, 623,174 110,069,725 108, 633, 085 110, 584, 531 42, 623, 010 122,135, 050 14, 318, 615 18, 843, 550 3.5, 432, .950 19,218,520 13, 828, 000 9,378,000 23, 685, 500 22,475, 000 27,000,000 15,000 81,330,000 10, 000 Total.: Unknown, destroyed . . 397, 909, 433 1,000, 000 490,956, 614 167, 550,906 1, 056,416,953 1, 000, 000 396,909,433 490, 956, 614 167, 550, 906 | 1, 055, 416, 953 One dollar Two dollars Five dollara Ten dollars Twenty dollars Fiftydollars ... One hundred dollars — Five hundred dollars . . One thousand dollars . . Five thousand dollars.. Ten thouaand dollars.. 10,324, 030 11, 757, 488 84, 840, 804 123, 324, 335 124,181, 730 16,870,150 36,138, 050 12, 519, 500 29,412, 000 15, 000 10, 000 27,311,775 17,129,837 102, 431,715 110, 590,751 . 56,183,770 18, 822, 765 26, 632, 620 11,040, 500 21, 569, 500 31,100, 000 95,820, 000 Total Unknown, destroyed . . 449,393, 087 1,000,000 518,633,233 172, 399, 855 1,140,426,175 1,000, 000 448, 393, 087 518, 633,233 172, 399, 855 3,339,426,175 One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty clollars One hundred dollars . . . Five hundred dollars . . One thousand dollars . . Five thousand doUars.. Ten thousand dollars . . 16,695,156 15, 212, 098 99,138, 324 135, 022, 245 121,815,370 15,233, 000 31, 086, 550 16,245, 500 44,398, 000 15, 000 10,000 22, 854, 833 16, 022,699 94. 001, 805 107,213,741 65, 600, 830 19,315,365 26,161,920 6,641,000 13,111,500 18,215, 000 47, 070,000 Total ...... Unknown, destroyed... 494,871, 243 1,000, 000 436, 208, 693 178,350,397 493, 871, 243 436, 208, 693 178, 350, 397 1,108, 430,333 Net 367,071 181.750 47, 567, 685 53,113, 900 40,914, 000 9,167, 800 16, 020, 200 176, 500 42,000 36, 338, 929 25, 872, 229 225, 260, 584 272,331,516 205,672,060 42,329,965 70, 671, 670 23, 382. 500 46, 202, 500 27,015,000 81,340, 000 1892. 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. 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 31,430,899 244,494, 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 1,109,430, 333 1, 000, 000 223 TREASURER. No, 3 0 . ~ A M O U N T O F P A P E R C U R R E N C Y OF EACH DENOMINATION OUTSTANDING AT THE CLOSE O F EACH FISCAL Y E A R FRQM 1890—Continued. Denomination. Legal-tender notes. Certificates. 1894, 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. $15,881,901 12,816,728 86, 603, 969 125, 335.175 115, 236,410 15,182, 300 35,617,950 12,039,000 81, 527,000 15, ood 10,000 Total..... Unknown, destroyed.. 500,265,433 i 463, 571, 403 1, 000, 000 Net." 499,265,433 $22, 281,229 15, 366, 373 87, 651, 885 104,611,711 76,314,170 17;274,515 29,898,520 5,029,500 9,383,500 12, 580,000 83,180,000 National-bank notes. $357, 050 174, 282 61, 510, 485 66, 006, 800 48, 685, 320 10, 274, 550 19, 680, 800 133, 500 32, 000 Total. $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 83,390,000 206,854, 787 1,170, 691, 623 I 1,000,000 463,571,403 1,169, 691, 623 1895, OnedoUar Two dollars Five dollars Ten dollars Twenty dollars ... Fiftydollars Onehundred dollars.. Five hundred dollars . One thousand d.ollars. Five thousand dollars Ten thousand dollars. 27,241,706 14, 235,945 11,291, 927 I 16, 667,051 94, 742,929 88, 262, 710 120, 629,495 98,343,601 105,679r 470 • 73,403,810 13,193, 500 14,559,665 31, 506,650 24,568,420 9, 277,500 4, 587, 000 93,187, 000 8,245,500 15, 000 7, 720,000 10, 000 69, 560, 000 Total Unknown,destroyed.. 493,769,416 433,159,463 1,000,000 I 211, 386, 927 3,138,315,806 1, 000, 000 492,769,416 | 433,159,463 231,386,927 Net 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, 381, 362 228, 044,104 38, 280,815 76, 512, 570 13, 991, 500 101,461,500 7, 735, 000 69,570, 000 1,137, 315, 806 1896, One dollar T wo dollars Fivedollars Ten dollars Twentv dollars Fifty clollars One hundred dollars . . Fivehundred dollars . One thousand dollars. Five thousand dollars Ten thousand dollars. 14,743,496 13,124,121 IOO, 527, 084 124,439, 325 91,555,470 13, 756, 250 . 31,234,550 6,715,000 81, 244,000 15,000 10, 000 Total Unknown, destroyed.. 477,364, 296 I, 000, 000 417, 647,6 225, 527,150 1,120,539,339 1, 000,000 476,364, 296 417,647, 225, 527,150 1,119, 539,139 One dollar .....^ Two dollars Five dollars Ten dollars Twenty dollars Fiftydollars One hundred dollars. Five hundred dollars . One thousand dollars . Five thousand clollars Ten thousand dollars . 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 31,064,204 18,122,674 101,736,235 113, 292, 526 72,158,624 17,822,540 32,476,370 3, 682, 000 5,876,500 6, 760, 000 73, 610, 000 Total Jnknown, destroyed.. 462, 548, 296 1,000, 000 476, 601, 673 230, 638,035 1,169, 788, 004 1, 000, 000 461, 548, 296 476,601,673 230, 638, 035 • Net 29, 440, 370 15,788,207 93,974,970 105, 948, 281 67,645,230 15,212,415 26,743, 720 4,038, 000 6,636, 500 6,220,000 46,000, 000 353,392 173,238 70, 959,130 69, 223,410 51,447,180 II, 137,100 22, 085, 700 122, 000 28, 000 44, 537, 258 29, 083, 566 265. 461,184 299, 611, 016 210, 647,880 40,105,765 80, 063, 970 10, 875, 000 87, 908, 500 6, 235, 000 46, 010, 000 1897. Net 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, 003, 827 207, 568, 216 43, 941,115 82,101,770 19, 900, 500 93, 052, .500 6, 775, 000 73, 620, 000 1,168, 788, 004 224 No. REPORT O N T H E FINANCES. 3 6 . — A M O U N T O F P A P E R C U R R K N C Y , O F EACH DENOMINATION OUTSTANDING AT THE CLOSE OF EACH FiscAL Y E A R . F R O M 1890—Continued. Denomination. Legal-tender notes. Certificates. 1898. One dollar Two dollars Five dollars Ten dollars -.. Twenty dollars ' Fiftydollars One hundred dollars.. Five huudred dollars . One thousand dollars . Five thousand dollars Ten thousand dollars. $18, 389, 283 $30, 901, 939 12,906,958 18,775,814 94,875,142 109, 377, 350 110,258,621 125, 573,466 . 77,957, 542 85, 817, 524 35,083,250 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 Total Unknown, destroyed . 448, 888, 296 1,000,000 National-bank notes. Total. $349, 640 ' 168, 508 71,416,125 70, 538, 310 52, 745,120 10,749,150 21,763,100 111, 500 28, 000 $49, 640, 862 31,851,280 275,668.617 306, 370, 397 216, 520,186 51, 332, 990 62,316, 570 19,050, 000 82, 433, 500 6,075,000 38, 080, 000 462, 581, 653 227,869, 453 1,139, 339,402 •1,000,000 447, 888, 296 462,581,653 227, 869,453 I 1,138, 339, 402 One dollar Two dollars Five dollars Ten dollars Twenty dollars Fiftydollars One'hundred dollars.. Five huudred dollars. One thousand dollars . Five thousand dollars Ten thousand dollars. 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 40, 741, 731 22, 992, 419 106, 895,153 126,112,871 85,183, 914 25, 504. 465 8, 899, 270 3,398,000 5, 525, 500 5, 215, 000 31, 280, 000 Total Unknown, destroyed.. 441,199,296 1, 000, 000 461, 748, 323 241, 319, 272 1,144, 266, 891 1, 000, 000 440,199, 296 461,748, 323 241,319,272 One dollar I Two clollars. Five dollars Ten clollars, Twenty dollars . . . FiftydoUars Onehundred dollars.. Five hundred dollars . One thousand dollars . Five thousand dollars Ten thousand dollars . 7,590,237 6, 870, 459 104,209,462 127,175,901 85, 554, 002 13, 683,475 24, 315, 250 10. 835, 250 43, 449, 000 35,000 30,000 52, 222, 039 30,838,683 134, 004, 972 333,057,351 120. 408, 474 36,181,140 24, 886, 520 10, 038, 500 32, 784.500 25,495, 000 67, 600, 000 347, 945 167, 244 74, 539, 555 108, 727,430 78, 552, 820 3.5,522,050 31, 618, 000 105, 500 27,000 . 60,160,201 37,876, 386 292, 753,989 368, 960, 682 284, 515,296 65, 386, 665 80,819, 770 20, 979, 250 76,260, 500 25, 510, 000 67, 610, 000 Total Unknown, destroyed.. 423, 708, 016 1,000,000 647*517,179 309, 607, 544 1, 380,832, 739 1,000,000 422, 708, 016 647,517,179 309,607,544 i 1, 379, 832; 739 One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty cloUars ....: One huudred dollars... Five hundred dollars.. One thousand dollars.. Five thousand dollars . Ten thousand dollars.. 4, 225, 281 3, 688, 200 67, 930, 257 154,062,611 76, 708, 742 12, 455, 025 23,587,650 12,390, 250 40, 396, 000 10, 000. 10, 000 59,355,780 36, 499, 532 175, 708,892 105,601,841 129,216, 834 29, 395, 690 27, 381,120 10, 584, 500 33, 737, 500 28, 740, 000 87, 750, 000 347,101 166, 782 61, 568, 685 139, 793, 620 101,212,700 16, 568, 400 33, 92 J, 400 101, 500 25. 000 Total Unknown, destroyed .. 395,464,036 1.000,000 723,971,689 353, 708,188 1,473,143, 893 T, 000, 000 394,464,016 723, 971, 689 353, 708,188 1, 472,143,893 Net....: •, 1899. Net 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, 630, 742 229.719, 506 50,798,315 58,025, 570 15, 802,000 54, 636, 500 5, 230,000 31, 290, 000 1,143,266,891 1900. Net 1901. Net 63, 928,162 40,354,514 305, 207, 834 399,458, 072 307,138, 276 58,419,115 84, 893,170 23, 076, 250 74,158, 500 28,750,000 87, 760, 000 225 TEEASUREE. N o . S 7 . - -OLD DEMAND N O T E S I S S U E D , R E D E E M E D , AND OUTSTANDING AT T H E CLOSE OF EACH FISCAL Y E A R FROM 1890. Fiscal year. 1890. 3891 1892 1893 3894 3895 1896 1897. 1898.. 1899 1900 1901 . Issued durRedeemed durTotal issued. ing year. ing year. Total redeemed. $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 $59, 973, 967.50 59, 974, 352. 50 59, 974, 352.50 59, 974, 352.50 59, 975,152. 50 59,975,152.50 59, 975, 652. 50 59,975, 652. 50 59,976,002.50 59, 976,152. 50 59, 976,152.50 59,976,152. 50 ... $410.00 385.00 800. 00 500. 00 350.00 150.00 Outstanding. $56, 032.50 55, 647. 50 55, 647. 50 55, 647. 50 54, 847. 50 54, 847. 50 54, 347. 50 54, 347. 50 53, 997.50 53,847. 50 .53, 847. 50 53, 847. 50 W o . 3 8 . — F R A C T I O N A L CURRENCY 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 1890. Issued during year. Fiscal year. 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 •. - Total issued. •- R e d e e m e d $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 . 1 during year. $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 2, 578. 78 Total redeemed. Outstanding. $353, 436, 630.15 $15, 287, 449. 30 353, 440,461. 52 . 15, 283, 617 93 353, 444, 678. 50 15, 279, 400. 95 353, 447, 636. 50 15, 276,442. 95 353, 451, 003. 70 15, 273, 075. 75 353,454, 023. 63 15, 270, 055. 82 353, 456,956. 98 15, 267,122. 47 353, 460,438. 98 15, 263, 640.47 353, 463, 388. 98 15,260,690 47 353,466, 732. 46 15, 257, 346. 99 353, 469,150. 71 15, 254, 928. 74 353,471, 729.49 15, 252, 349.96 N o . 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 O F EACH F I S C A L YEAR FROM 1890. Fiscal year. Old d e m a n d notes. United States notes. $56, 032. 50 $346, 681, 016. 00 55, 647. 50 346, 681, 016. 00 55, 647. 50 346, 681,016. 00 55, 647. 50 346, 681, 016. 00 54, 847. 50 • 346,681,016.00 54; 847. 50 346, 681, 016. 00 54, 347. 50 346, 681, 016. 00 54, 347. 50 346, 681, 016. 00 53, 997. 50 346, 681, 016. 00 53, 847.50 346, 681, 016. 00 53,847. 50 346,681,016.00 53, 847.50 346, 681, 016. 00 3890 1891 3892.. 3893 1894 1895 1896 1897......... 1898 1899 . 1900 1901 T r e a s u r y notes Fractional curof 1890. rency. '$50,*228,*4i7.'00' 101, 712. 071. 00 147,190, 227.00 152, 584, 417. 00 146, 088,400.00 129, 683,280.00 114, 867,280.00 101, 207,280.00 93, 518, 280.00 76, 027, 000.00 47,783,000.00 Total notes. $15, 287,449.30 $362,024,497.80 15, 283, 617. 93 412. 248, 698.43 15,279,400. 95 463,728,135.45 15, 276, 442. 95 509, 203, 333. 45 15, 273, 075. 75 514, 593, 356. 25 15, 270, 055.82 508, 094, 319. 32 15, 267,122.47 491, 685,765. 97 15, 263, 640. 47 476,866, 283. 97 15, 260, 690.47 463, 202, 983 97 15, 257, 346. 99 455, 510, 490. 49 15.254, 928. 74 438,016,792. 24 15, 252, 349. 96 409, 770, 213. 46 • F i s c a l y e a r . Gold certificates. 1890 1891 1892 1893 1894 1895 1896 1897 1898 . . 3 899 1900 I90I $157, 542, 979.00 152, 461, 429.00 156, 598, 929.00 92, 846,189. 00 66, 387, 899.00 48,469, 959. 00 42,818,189.00 38,782,169. 00 37,420,149. 00 34,297, 819. 00 227, 797,179. 00 288, 957, 689.00 FI 1901- 16 S i l v e r certificates. $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. 00 435, 014, 000. 00 C u r r e n c y certifiT o t a l certificates. cates. $12,390, 000.00 '23, 780, 000.00 30,420, 000: 00 12,405, 000; 00 60,035, 000; 00 55,795, OOOi 00 32, 210, 000.00 62, 340, 000.00 26, 605,000; 00 21, 355, 000; 00 3, 705, 000.00 Grand total. $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. 32 417,647, 693.00 909, 333.458.97 476, 601, 673. 00 953, 467, 956. 97 462,581,653.00 925 784 636 97 461, 738, 323. 00 917,248, 813 49 647, 517,179. 00 1,085,533,971.24 723, 971, 689. 00 1.133, 741, 902.46 226 No. E E P O E T lOK T H E FINANCES. 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 EACH MONTH, FROM J A N U A R Y , 1890. Month. 1890—January . . . February.. March. April May . . . . . . . June July August September. October November . December.. 1891—January . . . February .. March April .. May ... J... June July August Septeraber . 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 . . . Februa'ry . . March April May June July August September October November.. December... Coin. $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 6^1, 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, 310 601, 527,222 602, 485, 237 589, 509, 061 581, 129,982 577, 737,991 576, 074,815 577, 387,444 577, 983.121 569, 633, 412 559, 063.122 547, 655,038 546, 673, 424 532, 523, 513,105 513, 592, 686 520, 743,623 547, 273,567 556, 516, 035 564, 479, 232 575, 738, 578 582, 269, 517 592, 227,095 603, 848,235 612, 860,188 614, 325,385 596, 370, 723 584, 799. 262 572, 479.113 574, 975,589 579, 352,118 581, 728,587 583, 597, 841 577, 834, 589 557, 380, 396 562, 532, 641 567, 633, 658 573, 592, 416 578, 065, 665 579, 036,041 580, 422, 971 568, 481,167 556, 990,037 564, IOO, 818 564, 132, 920 229,183 106, 939 Bullion. $66,080, 287 $690, 980,770 66,133, 726 692,100,955 66,443, 489 693,850,282 67, 265, 628 695,189, 333 67, 548,895 696,579, 609 65, 996,474 696, 008, 805 62,138, 864 691, 651, 019 57, 471,-618 689, 273, 307 59,907,459 693, 026,194 60, 855, 395 694, 867, 733 63, 642, 518 698,861,777 66,799, 610 704, IOO, 811 67, 624, 860 .707, 008,881 63,362,654 705, 584, 827 59, 685, 416 700, 904, 069 59,859,416 689,495, 821 61,401, 672 661,993, 363 62,067.744 646, 591,928 62,736,957 644,458,425 65, 262, 257 647,489, 823 66, 343,775 653, 308,095 74,158, 836 670,545,108 78,430, 504 677,774, 595 - 82, 212,689 686,845,930 84, 299, 689 690, 586, 886 83, 275, 529 689,-936,893 81,194, 377 687, 758, 687 79, 712,183 681, 239,405 77,953,512 680,438, 749 74, 836, 385 664,345, 446 657, 753, 580 76,623, 598 75, 960,115 653, 698,106 652,130,237 76,055,422 78,126, 222 655, 513, 666 79, 983, 208 657, 966, 329 81, 697, 350 651, 330, 762 81, 452, 478 640, 515, 600 79, 835, 048 627,490,086 79, 503, 760 626,177,184 80, 529, 774 613, 042, 879 80, 871, 868 604,464,554 78, 345, 510 592, 089,133 603,723, 903 83,450,336 98, 373,505 645, 889, 540 657,505, 880 101,026, 648 96; 657, 273 661. 395, 851 666,180,139 90,910, 622 84, 679, 495 666, 906, 590 670,023,510 77,175,275 70, 432,992 674, 293,180 672, 558, 001 60, 232, 616 53, 716, 468 668,087,191 644,866, 968 48, 067, 706 44, 612, 311 629, 091, 424 620,026,413 47, 050, 824 43, 941, 337 618,293,455 44, 063, 417 623, 792. 004 625. 795, 276 44,197,435 46, 305, 066 630,139, 655 625,107, 730 47.727, 334 46, 010, 546 603, 543,187 607,161, 380 44, 527,722 618, 980, 395 51, 387, 979 623,109, 679 50, 044, 014 631,461,408 53,425, 367 636,168, 989 56, 746,018 641,132, 676 60, 651, 509 629,198, 579 60,208, 542 613,441,575 57, 340,757 618, 542, 432 54,409, 512 45, 590,866 '609,820,049 29, 820, 315 597, 927, 254 227 TEEASUEEE. M o . 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 O F EACH MONTH, FROM J A N U A R Y , 1890—Continued. Month. 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. Decem b e r . 1900—Januaiy... February.. March..'... April May June July August September. October . . . November. December. 1901=—January : . Februa'ry . March April May June July August . . September October... Coin. $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, 640 699, 478, 536 702,853,399 705,494, 037 729, 385, 818 750,557, 111 760, 274, 281 765,735,164 771, 089, 526 778,894,663 785,043.686 791,647, 225 797,428,060 807,451,124 824, 493,146 839, Oil, 679 851, 601, 448 859, 232,751 863, 741,252 855, 583,055 852,445, 921 862,919,952 867, 833,173 875, 450, 989 876, 323,402 871,532,924 881, 696, 901 894,193,153 906, 576, 296 918, 606, 025 924, 565, 661 923, 653,462 929, 775,508 932, 926, 989 934. 515,124 937, 541, 595 949,603,721 957, 420,115 969,772, 702 978,847,113 984, 896,141 1, 003, 443, 956 1, 012, 486, 391 1, 015,717, 230 1, 019, 741, 391 1,024,722, 994 1, 029, 226,186 1, 034, 964,136 Bullion. $15,467,938 ;598, 956,043 26, 821,484 612, 989, 590 29, 054, 663 617,797,966 32,851,621 622, 672,115 32, 662,860 607,183, 582 32,217, 024 600,148,847 30, 640,941 595, 306,169 33,264, 086 603, 821,169 40, 998, 574 641,542, 801 671, 664, 812 47.617,328 51, 969, 827 686,256,984 54, 565, 385 692,947, 212 52,286, 759 697, 855, 251 46, 849, 625 702, 521,724 37,254, 294 706, 368,560 32,786, 057 708, 084,485 26, 539,659 701, 929, 314 25, 547,082 697,223, 332 28,929, 752 697,118, 880 31,230, 355 703, 082, 728 30, 223, 294 712, 660, 417 36, 969, 525 729, 661, 210 42,123,368 738,584,008 45, 559, 060 745, 037, 596 49,465, 077 752,316,476. 52,454, 816 757, 948, 853 63, 647, 258 793,.033, 076 83,671, 535 834, 228, 646 96,998, 864 857,273,145 98, 049, 765 863, 784, 929 99, 294, 921 870, 384,447 105,175, 997 884, 070, 660 116, 299,578 901, 341, 264 133,423, 574 925,070, 799 138,502, 545 935, 930, 605 142, 074, 889 949, 526, 013 958, 679, 680 134,186,534 127, 385, 067 966, 396, 746 121, 560, 849 973,162, 297 120, 829, 945 980, 062, 696 121, 742, 353 985, 483, 605 119,870, 884 975, 453, 939 125, 658, 786 978,104,707 127, 460,201 990, 380,153 131, 730, 392 999, 563, 565 139, 017, 060 1,014,468, 049 141, 809, 806 1,018,333,208 1.44,476, 933 1, 016, 009, 857 141, 246, 781 1, 022,943, 682 131, 632,009 1, 025, 825,162 127, 627, 317 1, 034,203, 613 124, 9i9, 092 1,043,525,137 116,965, 713 1, 041,531, 374 112, 378,183 Ij 036, 031, 645 123,743,385 1, 053, 518, 893 116,421, 005 I, 049, 347,994 124, 773,696 1, 059, 288, 820 ' 142, 485, 812 1, 080, 027,407 149, 581, 275 1, 099,184, 996 151,121, 714 1,108, 541, 829 142, 655, 026 1,112,427, 728 138,185, 647 1,117, 032,760 139,261, 556 1,124,157,697 125, 823, 690 1,129,267,646 111, 252, 480 3,123,738,871 109. 012, 031 1,124, 729, 261 116, 229,165 1,135, 970, 556 123,113,151 1,147, 836,145 131,127, 604 1,160,353,790 139, 919, 488 1,374, 883, 624 228 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 OF S I L V E R C O I N AT THE E N D OF EACH M O N T H , FROM J A N U A R Y , 1890. [Standard dollars held against Treasury notes are not included.] Month. 1890—January . . . February . . March..... April May June July August September. October November . December.. I89I—January . . . February.. March . . ' . . . April May June ... July August September. October November . Deceniber.. 1892—January . . . February . . March..... April May June July August September. October — November. Deceraber . 1.'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.. Standard dollars. Subsidiary silver. $352, 938,001 $76, 708, 644 $420,646, 645 356,, 426, 001 76. 708, 892 433.134, 893 360,, 026, 266 76, 799, 537 436, 825, 803 363, 626, 266 76, 793, 513 440,419, 779 366, 526,266 76, 818,427 443,344,693 ,369, 426. 266 76, 874, 969 446, 301, 235 371, 726,266 76, 618, 254 448, 344, 520 372, 998, 266 76, 807,145 449, 805, 411 373, 737, 379 76, 875, 555 450, 612, 934 377, 224, 542 77,193, 068 454,417,610 377, 726,715 • 77, 339, 553 455, 066, 268 377, 726,760 77, 638, 844 455, 305, 604 377, 726,760 77, 696, 840 455, 423, 600 377, 739,984 77, 698, 303 455, 438, 287 380, 279>328 77, 740, 096 458, 019,424 380, 333, 897 77,936, 913 458, 270, 810 380, 799,544 458, 716, 652 77,917,108 381, 867,428 77, 947, 619 459,815,047 383, 605, 803 77,131, 606 460, 737,409 384, 675, 093 76, 995, 390 461, 670,483 385, 301, 606 76,511,066 461, 812, 672 386, 065, 514 77, 301, 515 463, 367, 029 387, 277,009 77, 235, 022 464, 512,031 387, 693, 221 76, 566,155 464, 259,376 387, 727,731 76, 910, 813 464, 638, 544 387, 733,684 77,096, 549 464, 830,233 388, 025,265 77, 294, ,571 465,319,835 388, 105,265 77,433, 950 465, 539, 215 588, 105, 265 77,195, 831 465, 301, 096 388, 490, 265 76, 611,232 465,101, 497 388, 561. 374 77, 500, 000 466, 061, 374 388, 561,374 77,472,912 406, 034, 286 388, 661, 374 77, 467, 707 466,129, 081 388, 661,374 77,484, 987 466,146, 361 388, 661, 374 77,475,318 466,136,692 389,, 236, 524 77, 898, 748 467.135, 272 389,,236,524 77, 887,460 467,123,984 389,, 436, 524 389,, 736, 844 74, 993, 714 464, 430, 238 77,197, 330 466,934,174 ,886,844 , 886, 844 77, 370, 715 467, 257, 55S , 886, 844 77, 558, 212 467,445, 056 77,256.212 467,143, 056 389,, 936, 844 389,,210,111 76, 563, 878 466, 500, 722 391,,801,268 77, 036, 067 468, 246.178 391,, 395, 200 77, 596, 621 469, 397, 889 392 695,785 76, 977, 002 469, 372, 202 392,, 931, 029 76,960, 353 469, 656,138 392,, 018, 044 77, 494, 207 470, 425, 236 393,, 089, 789 77, 041, 547 470, 059, 591 393,,190,477 76, 516, 800 469, 606, 589 393, 277,722 76, 661, 555 469, 852, 032 393,,411, 052 76, 627, 432 469,905,154 393, 506, 377 75, 527, 223 468, 938, 273 393, 642,681 76,122, 875 ^ 469, 629, 252 393, 072, 725 76,221,063 469, 863,744 394, 782, 776 76.167, 704 470, 240, 429 394, 251. 475 75, 054, 483 469, 837, 257 395; 821,759 75, 667,112 470, 918, 587 395, 023,041 76, 331, 359 472,153,118 396. 126,189 77, 355, 722 473,178,763 396, 172, .573 77,192,035 473, 318, 204 396, 782,755 77,071,742 473, 244, 315 396. 529, 873 76,450, 557 473, 233, 312 397, 103,651 76.169, 569 473, 699. 442 399; 059, .531 76, 375, 930 475,479, 581 401, 800, 701 76, 772, 563 477, 832, 094 401, 795,701 77,065,444 478, 866,145 402, 624,701 76,145, 901 478, 941, 602 403, 198, 701 76, 291, 880 479, 916, 581 406. 707, 701 77, 259,180 483, 457, 881 407, 519, 701 , 78, 448, 506 486,156, 207 409, 77.182, 006 486,703,707 229 TEEASUEEE. N o . 4 1 . — E S T I M A T E D STOCK O F S I L V E R C O I N AT T H E E N D O F EACH MONTH, FROM JANUARY^ 1890—Continued. [Standard dollars held against Treasury notes are not included.] Month. 1890—January.. February . Marcl 1 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 August... September October... November Deceraber 1899—January.. February. March April May June July...... August... September October... Noveraber Deceraber. 1900—January . . Februa'ry . March April May June July August... September October... November December. 1901—January.. February. March April May June July August... September October... Standard dollars. $409, 966, 701 410, 571, 701 411, 647, 584 414, 960,483 417, 199, 922 419, 472, 459 421, 275,437 423, 211,252 425, 770,279 428,'382, 707 430, 665, 251 433, 127,895 435, 068, 227 436; 474,343 437,'320, 664 438, 203,138 439,'564,612 440, 927,085 442, 340,538 443, 582, 538 444, 920, 538 446, 941, 538 448, 687,665 450, 603, 244 451, 798, 645 453, 158, 969 454,'387,603 455, 603, 670 456, 702, 567 457, 872, 224 458,'932, 933 460, 068,880 463. 387, 069 462, 343,250 463, 429,920 464, 568, Oil 465, 928,248 466, 790, 570 467, 803,381 468, 810,806 469, 794,616 470, 902, 576 471, 259,133 472, 205, 721 473, 817,753 475, 417,935 475,'070,145 476,:201, 341 477, 046. 563 478,'305, 308 480, 820, 698 484, 335, 483 487, 497, 976 490, 618,052 493, 129,901 495, 286,994 498, 349, 343 500, 081,162 500, 403, 541 504, 690,508 507, 422,877 510, 301,316 536,160 '512, 849, 446 514, 600,834 517, 062, 537 520, 028,673 522, 181,832 524, 544,894 526, 222,988 528, Subsidiary silver. Total. $r8,573,872 $488, 540,573 78,564, 547 489,136, 248 78, 216, 677 489,864, 261 77,948, 510 492, 908, 993 76,994, 051 494.193, 973 75, 730, 781 495, 203, 240 75, 667, 706 496, 943,143 75,609, 268 498, 820, 520 75, 354, 781 501,125, 060 75,804, 582 504, 187, 289 75, 803, 546 506, 468, 797 76, 317,752 509, 445, 647 76,303, 945 511. 372,172 76, 514, 618 512, 988, 961 76, 220, 921 513,541,585 76,341,471 514, 544, 609 76, 517, 908 516, 082, 520 75,438, 884 516, 365, 969 75,417, 942 • 517, 758, 480 74, 271, 577 517,854,115 74, 631, 590 519, 552,128 75, 414, 007 522, 355, 545 76, 020, 675 524, 708, 340 76, 400, 207 527, 003,451 76, 663,116 528, 461, 761 76,230,903 529, 389, 872 76, 584, 080 530,971, 683 76, 605, 240 532, 208, 910 76,086,089 532, 788, 656 76, 421,429 534,293, 653 75, 989, 540 534, 922,473 75, 752, 972 535, 821,852 75, 784, 648 537,171,717 76, 733, 612 539, 076, 862 76,670,481 540,100,401 76,587,161 541,155,172 76, 015, 347 541, 943,595 76, 329, 061 543,119, 631 76, 390, 984 544.194, 365 76, 710, 825 545, 521, 631 76, 638,335 546, 432, 951 76, 746,179 547, 648,755 75, 909i 690 547,168, 823 76, 647, 029 548,852,750 76, 523, 333 550, 341, 086 78,552,777 553, 970,712 79, 510, 349 554, 580,494 79, 643. 721 555, 845, 062 80, 346, 414 557, 392.977 80,101,151 558.^406,459 79, 715, 204 560, 535, 902 80, 512, 991 564,848,474 81, 672, 075 569,170,051 573,519, 075 82,901 023 83, 777, 071 576, 906,972 85, 567, 835 580,854, 829 86, 000.748 584, 350, 091 86, 676, 285 586, 757,447 87, 200, 371 587, 603, 912 87, 569,473 592.259,981 88,485,517 595,908, 394 88,667,880 598, 969,196 89, 869, 906 602,406, 066 90,082, 284 604,931,730 608, 097,146 90,-496,312 90,490, 289 610, 552, 826 90, 510, 250 612,538,923 91, 308, 385 615, 490, 217 617,158,406 90,613,512 620, 687,168 92,464,180 230 E E P O E T ON T H E FINANCES. N o . 4 2 . — U N I T E D STATES NOTES, TREASURY IS OTES, AND NATIONAL-BANK N O T E S OUTSTANDING AT T H E END OF EACH MONTH, FROM J A N U A R Y , 1890. Month. 1890—January . . February. March April May June July August... September October . . . November December. 1891—January . . February. March April May June July August... September October... Noveraber December 1892-January . , Februa'ry . March April May June "July August... Septeraber October .... Noveraber December. 1893—January . . Februa'ry. March.... April..... May Juiie July August... September October... Noveinber Deceuiber 1894—January . . Februa'ry. March...,. April May June July •• August — September October... November December. 1895—January . . February. March April M ay June July August— Septeniber October... November December. United States notes. Treasury notes. Nationalb a n k notes. $194 44.7 9.1 Q $346, 681 01fi 346,681 016 192 000 453 346, 681 03 6 190 274,602 346, 681 036 189 264 900 346. 681 036 187 361,523 346, 681 016 185 748 590 346,681 030 384 253,868 346, 681 016 $3, 609,000 183 134,753 346,681 036 8, 069, 000 181 602, 915 346,681 016 13, 949, 000 179 610,433 346, 681 016 19,258,800 178 329,011 346, 681 016 24, 090, 500 .177 088,171 346, 681 016 28,804, 000 175 303, 549 346, 681 016 33,150,700 173 423,024 37,093, 200 171 535, 064 346, 681 036 346, 681 016 41,731,200 170 227, 646 346, 681 036 45,677, 347 168 850,839 346, 681 016 50,228,437 • 167577, 214 346, 681 016. 54, 994, 035 168 166, 939 346,681 016 . 59,686,035 171 134, 309 346, 681 016 64,251,130 171 785.146 68,725,270 346,681 016 172 184,558 346, 681 016 72, 959, 652 172 993, 607 346, 683 016 77, 327,102 173 078,585 346, 681 016 81,553,000 173 205, 496 346, 681 016 85,236, 212 172 621, 875 346,683 016 89, 602,198 172 529, 451 346, 681 016 93,228,690 172 476, 575 346, 681 036 97,391,986 172 499, 349 346,681 016 101, 712,071 172 683,850 346, 681 016 105, 566,170 172 527, 713 346, 681 010 109, 382, 637 172 656,429 346, 681 036 112, 484, 335 172 786, 760 346, 681 016 116,611,233 172 432,146 346, 681 016 120,796, 713 173 614,870 346, 681 016 124,745, 623 174 404.424 346, 681 016 127, 946,489 174 391, 253 346,681 016 131, 867,853 175 422, 388 346,681 ,016 135,490,148 176 094,544 346, 681 016 139, 069, 778 376 855, 614 346, 681 016 143,189, 874 177 164, 254 346, 683 036 147,190,227 178 713,872 346, 681 030 148, 286,348 183 755,147 346, 681 016 149,881, 958 198 980,368 346, 681 036 151, 319, 040 208 690,579 346, 681 016. 152, 735,188 209 331,993 316, 681 016 153, 453, 629 208 948,105 346. 681 016 153,160,151 208 538,844 346, 681 016 153, 070, 908 207 862, 107 346, 681 016 1.53, 001,184 207 479, 520 346, 681 016 152, 900, 317 207 875, 695 346,681 016 152, 813, 072 207 833, 032 346, 681 016 152, 679, 742 207 245, 019 346,681 016 152, 584,417 207 353, 244 346,681 016 152,447,126 207 539,066 346, 681 016 352,3.51,369 207 592,215 346, 681 016 151,609.267 207 564,458 346,681 016 151,140, 568 207 565, 090 346,681 016 350,979,070 206 686, 337 346.681 016 150, 823,731 206 605, 710 346, 681 036 150, 751, 541 205 297, 571 346, 681 016 150,705,157 205 043, 651 346, 681 016 150, 330, 089 207 541,211 346,681 016 149, 584, 471 209 719,850 346, 681 016 148,044, 280 233 478,716 346, 681 016 146, 088, 400 211 691,035 346,681 016 145, 490, 280 • 211372, 045 346, 681 016 144, 495, 280 212 339, 200 346. 681 036 143, 666, 280 212 851,934 346, 681 016 141, 092, 280 213 887,630 346,681 016 139,583, 280 213 960,598 346,681 016 137, 771,280 213 716,973 Total. $541,128,235 538 681 469 536,955,018 535 945 916 534, 042, 539 532 429 60(5 530,934,884 533,424, 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, 300 582,717,292 587, 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, 599 645,831,063 649.038,758 653,971,257 658,265,708 662,606,408 667.035,144 672, 585,115 678,722, 511 695, 543,342 706,690,635 708,728,197 709,082,750 708, 380, Oil 707,614, 031 707,161,720 707,457,028 707, 327,120 706, 605,777 706, 618, 677 706, 667, 208 706,424,600 • 705,854,741 705,386,674 704, 346, 423 704,110,457 702,730,128 702, 429, 824 704, 552, 316 705, 985, 337 706, 204, 012 704,460, 453 703, 543, 343 703,515, 496 703, 199, 230 701, 660, 926 700, 224, 894 698,169, 269 231 TEEASUBEE. N o . 4 2 . — U N I T E D STATES N O T E S , TREASURY N O T E S , AND NATIONAL-BANK N O T E S OUTSTANDING AT T H E E N D O F EACH MONTH, FROM J A N U A R Y , 1890—Continued. Month. 1896—January . . . February. March . April May.. June July August... Septeraber October... Noveraber Deceraber. 1897—January . . Februa'ry. March ...:, April May June July August — Septeraber October November. - December. 1898—January . . Februai y . March . . . . April May June July •August.... September October... November Deceinber. 1899—January . . February . Marcli April May June July August... Septeraber October... November Deceuiber . 1900—January.., February.. March April May June July...::.. August — Septeraber October... November Deceraber 1901—January . . February. March . / . . April May June July A u g u s t . -. September October... United States notes. $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, 683,016 346, 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, 681,016 340, 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, 681,0.16 346, 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. Nationalbank notes. Total. $137, 324, 280 $213,496, 547 $697,501, 843 136, 719, 280 217,181,917 700,582,233 136,081, 280 221, 316, 027 704, 078,323 224,189, 337 133,069, 280 703, 939, 633 703,354,231 131,385,280 225, 287,935 129, 683, 280 226, 000, 547 702, 364, 843 128, 343, 280 226, 030, 042 701,054,338 126,741, 280 229, 613. 896 703, 036.192 125. 004,280 233, 639, 357 705, 324,653 234,984,444 123, 229, 280 704,894,740 235, 398, 890 703, 757,186 121, 677, 280 235, 663,118 119, 816, 280 702,160, 414 235, 094, 662 700,173,958 118, 398,280 234, 236, 327 698,467, 623 137,550,280 233, 795,141 . 697,607,437 117,131, 280 232, 887, 984 696, 265, 280 116,696,280 231, 875,841 115, 782, 280 694, 339,137 231, 441, 686 692, 989,982 114,867,280 230, 844, 256 691, 439, 552 113, 914, 280 230, 593, 674 689, 946,970 112, 672, 280 688, 294, 266 230, 278,970 111, 334,280 686,126, 571 230,132, 275 109, 313, 280 229, 634, 217 684,108,513 107,793,280 229, 014, 641 682, 043, 937 106,348,280 226,529,216 . 678, 741, 512 105, 531, 280 224,831,072 104,669, 280 676,181, 368 224,481, 879 103, 615, 280 674, 778,175 226,113,751 102, 691, 280 675, 486, 047 101, 981, 280 227, 696, 370 676, 358,666 227, 900,177 101,207,280 675, 788,473 220, 780, 065 673, 674, 361 IOO, 213, 280 227, 261, 650 673. 202,946 99, 260,280 235,439, 985 98,549,280 680, 670, 281 239, 629,136 684,143, 432 97,833,280 686, 659, 099 242, 784,803 97,193, 280 687,022,366 243,817, 870 96, 523, 280 685, 987, 522 95, 982,280 243, 324,226 685,177,378 95, 511,280 242,985,082 684,770,188 243,134,892 94, 954, 280 683,996, 004 242,796,708 94, 538, 280 242,146,789 94, 025, 280 682, 853,085 241, 350, 871 681, 550,167 93, 518, 280 241,624, 053 93,080,280 681, 385, 349 242,153,897 681, 351,193 92, 516, 280 243,372,223 681,220,519 91,167, 280 243, 066, 624 679, 575, 920 89, 828, 280 243, 842, 068 679, 549. 364 89, 026,280 88,320,280 246, 277, 223 681,278,519 87, 871, 280 247, 068, 743 681, 621, 039 249, 516, 228 683, 395, 244 87,198, 000 271,034,338 703,090, 354 85, 375, 000 285, 359, 366 714, 669, 382 82, 629, 000 300, 569, 759 726, 690, 775 79, 440, 000 309, 640,444 732, 348,460 76, 027, 000 320,095, 891 73,538, 000 740, 314, 907 324, 304,325 70, 388, 000 741, 373, 341 328,416,428 67,714, 000 742, 811, 444 331, 693, 648 743,937, 664 65, 563,000 332,292, 300 742, 421, 316 63,448, 000 340,141,175 748,219,191 61, 397, 000 346, 821, 871 751, 780,887 58, 278, 000 348, 655,256 751, 293, 272 • 55,957, 000 350,103,406 750, 663, 422 53, 881, 000 350,764, 257 749, 325, 273 51, 880. 000 351,582, 590 748,047, 606 49, 784, 000 353, 742,187 748, 206, 203 47,783,000 356,152, 903 748,862,919 46, 029. 000 357,419,155 748, 533,171 44, 433, 000 43, 026, 000 358, 830, 548 748,537,564 359, 911, 683 748,026, 699 41,434, 000 232 No. EEPOET ON THgE F I N A N C E S . 4 3 . — 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 CURRENCY^ C E R T I F I CATES OUTSTANDING AT THE END OF EACH M O N T H , FROM JANUARY, 1890. Month. 1890—January... February.. March . . . . . April May June July August September. October November . December.. 1891—January . . . February .. March April May June July August September. October November . December.. 1892—January . . . February.. March April May June July August September. October November December.. 1893—January . . . February .. March April May June July August September. October November . December.. 1894—January . . . February .. March April June. July August September . October November . December.. 1895—January . . . February .. March April May June July: August September. October Noveimber . December.. Gold certificates. $159, 110, 158, 827, 159, 552, 158, 785, 158, 261, 157, 542, 160, 021, 157, 388, 174, 163, 174, 656, 175, 072, 175, 431, 175, 731, 172, 274, 168, 367, 166, 199, 158, 902, 152, 456, 149, 720, 145, 994, 140, 784, 156, 890, 161, 852, 165, 578, 180, 665, 178, 151, 178, 002, 175, 644, 171, 765, 156. 598, 154, 600, 152, 234, 146, 555, 143, 437, 142, 821, 141, 347, 136, 375, 122, 170, i l 6 , 621, 114, 160, 104, 794, 94, 041, 87, 704, 80, 979, 79, 756, 79, 005, 78, 312, 77, 487, 77, 093, 71, 042, 70, 444, 70, 093, 69, 416, 66, 387, 66, 050, 65, 703, 64, 845, 64, 308, 59, 677, 53, 420, 52, 984, 53, 587, 48, 927, • 18,814, • 48, 641, 48, 469, 48, 336, 49, 290, 50, 748, 50, 585, 50, 341, 50, 099, Silver certificates. $284, 585, 889 288, 239, 639 294,013,453 297, 361,953 299, 592,106 301,539,751 302,191,171 308,423, 071 311,173,571 310,649,374 310,553,024 309,855, 778 307, 062,874 307,168; 474 313, 389, 782 316, 242, 857 315,551,153 314, 715,185 315,489,459 324,213, 209 324, 936, 559 323, 668,401 324,274, 918 324,772, 318 326,354, 643 328,421,343 329, 272,852 330,499,002 330, 904,002 331, 614, 304 331, 809, 304 331,068,304 329, 469, 304 326,850, 304 326, 251,304 325, 783, 504 328,146,504 328, 029, 504 328, 226, 504 326,806, 504 328, 766, 504 330, 957, 504 333,033,504 329, 088, 504 330, 864, 504 333,444,504 334,138, 504 • 334, 584, 504 336, 919, 504 338, 061, 504 338,202, 504 339, 673, 504 339,662, 504 337,148, 504 336, 519, 504 338, 710,504 339, 676, 504 337, 712, 504 337, 629, 504 336, 924,504 333,796, 504 333,107, 504 331,121, 504 330, 914, 504 328,245,504 328, 894. 504 330, 932i 504 331,513, 504 338, 297, 504 342, 409, 504 344, 327, 504 345, 702, 504 Currency certificates. Total. $11,720, 000 $455, 415, 928 10,480,000 457, 547, 278 8, 650, 000 462, 215, 742 8,935,000 465, 081, 992 10,195, 000 468, 048, 625 12, 280,000 471,362,730 II, 860, 000 474,073, 040 9, 230, 000 475,041, 340 492, 507, 090 7,170,000 6, 930, 000 492, 236, 043 6, 590, 000 492, 215, 093 492,107, 747 '6, 820,000 494,294,373 11,500, 000 12,530,000 491, 973, 373 11, 675, 000 493,432, 311 14,270, 000 496, 712, 856 18,060,000 492, 513, 302 22, 790, 000 489, 961, 614 27, 445, 000 492, 654, 668 29,185, 000 499, 392, 568 19, 835, 000 485, 555, 618 11, 095, 000 491, 654,140 10,135, 000 496, 262, 05f7 9, 465, 000 499,816,157 523,870. 412 16,850, 000 29,440, 000 .536, 012, 762 31, 220, 000 538, 495,851 30, 550, 000 536, 693, 881 536, 689, 731 34, 020,000 518,533,233 30,320, 000 514,109, 633 27, 700.000 22, 770, 000 506, 072, 893 18, 260, 000 494, 285, 293 481,397,643 11,110, 000 477, 572, 943 8, 500,000 474, 721, 393 7, 590,000 479, 552, 093 15,030, 000 469,960,493. 19, 760,000 17, 090, 000 461, 937, 943 15, 980, 000 456, 946, 843 451, 343,143 17,780, 000 12, 365, 000 437,363,693 8, 340, 000 429, 076, 243 5, 665, 000 415, 732, 923 8, 285, 000 418, 906, 323 22, 425, 000 434, 874, 673 33, 325, 000 445, 775, 673 39, 085, 000 451,157, 273 44, 975, 000 458,988, 273 456,908,723 47,805,000 53, 080, 000 461, 726, 723 57,410,000 467,176,723 59,370,000 468,448, 703 59, 235, 000 462, 771, 403 61, 955, 000 464, 525, 203 58, 785, 000 463,199, 203 56, 305, 000 460, 827, 203 54, 325,000 456, 345,853 57, 985, 000 455, 291,773 48, 965, 000 439, 310, 373 41, 245, 000 428, 026, 373 37,355, OCO 422, 050, 373 37, 565, 000 , 417, 614, 353 37, 375,000 417,104,153 48, 435,000 425, 322,463 55, 755, 000 433,119, 463 57,040,000 436, 309, 413 77, 085, 000 457,889,413 67,515,000 456, 561,413 57,015,000 450,030,393 48, 735, 000 443,404,393 34,450, 000 430,252,393 233 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 C U R R E N C Y C E R T I F I CATES OUTSTANDING AT THE END O F EACH M O N T H , FROM J A N U A R Y , 1890—Cont^d. Month. 1896—J a n u a r y . . February . March April May June July August... September October... Noveraber December 1897-^ J a n u a r y . . • February. March.... April May June July August... September October... November December. 1898—January . . February . March April May June July August... September October... November December. 1899—January . . February . March April May June July ....... August... September October... November December. 1900—January.. February . March April May June July August... September October November December. 1901—January.. February. March April May June July August September October Gold certificates. Silver certificates. $49, 978,989 44, 384,489 43, 822,469 43, 817, 469 43,649,189 42,818,189 40, 687,189 40,486,189 40, 328, 539 39,588,139 39, 433,139 • 39,279,789 39, 046,789 39, 046, 789 38,939,689 38, 939, 689 38, 843,169 38, 782,169 38, 700,169 38, 527,169 38, 434,169 38,348,169 38, 274,149 38,128,149 38,062,149 38, 015,149 37,927,149 37, 555,149 37,486,149 37,420,149 37,287,149 37,119,149 36,990, 799 36,940,149 36, 901, 049 36, 808, 999 34, 669, 999 34,592, 729 34, 526, 829 34,486, 829 34,434,829 34, 297, 819 34, 251, 519 82,218, 419 135, 501,119 152,438,119 174,896,119 184, 844, 619 208,213,819 210,260,779 210, 757. 779 224, 399, 779 229, 884,179 227,797,179 229,000,179 235. 975, 679 239, 826, 679 248, 488, 679 254, 007, 379 263,629,379 275,657,279 276, 040, 989 276, 704, 989 283, 441,989 284, 951, 789 288, 957, 689 291, 005, 689 296, 318, 689 302,926, 089 312, 815, 089 $345, 994, 504 $29,245, 000 344, 377, 504 33, 070, 000 348, 325, 504 34, 680, 000 350,412, 504 33, 295, 000 346, 942, 504 33,670,000 342, 619, 504 31, 990, 000 344, 032, 504 42,150, 000 357,204,504 39, 225, 000 364,476, 504 34, 715, 000 366,463, 504 35, 060, 000 367,903, 504 38, 510, 000 370, 883, 504 50, 830, 000 373, 015, 504 65, 515, 000 373, 585,504 76, 795, 000 370, 561, 504 75, 070, 000 377,531,504 71,940,000 374,345,504 66, 565, 000 375, 479, 504 61, 750, 000 372,404, 504 63,495, 000 379,112, 504 63, 650, 000 385,152,504 54,150, 000 384,170, 504 48, 625, 000 384, 963, 504 48,890, 000 44,55.5,000 387, 925, 504 49,145,000 388, 475,504 50, 660, 000 391, 908, 504 41,230,000 394,030, 504 27, 735, 000 396, 325, 504 26, 600, 000 397,732, 504 26, 605, 000 398, 556, 504 23, 075, 000 398, 922, 504 20, 560, 000 403,107,504 18, 455,000 400,062, 504 20,105,000 398,753,504 20, 640, 000 399,163, 504 399, 430, 504 20, 685, 000 399,631,504 22, 570, 000 402,i289,.504 23,135, 000 402,627,504 22, 895, 000 404,026,504 21, 325, 000 • 405,257, 504 21,800, 000 21, 325, 000 406,085,504 20, 055,000 407, 027, 504 19,430, 000 407,278,504 16,100, 000 405,197, 504 13,765, 000 400, 633, 504 400,643,504 13, 695,000 401, 464, 504 12, 350,.000 405,363,504 14, 600, 000 407,375,504 15,370,000 409,723,000 14,645,-000 413,495^^00 7, 470. 000 415,475,000 4, 785, 000 416;015, 000 3,705, 000 419,153.000 2, 680, 000 424,212,000 2, 560, 000 425,153, 000 I, 820, 000 425,124, 000 1, 790, 000 425, 374, 000 I, 690, 000 427,426, 000 1, 560, 000 428, 597, 000 995,000 427, 854,000 710,000 431, 841, 000 435, 521, 000 435,928.000 435, 014, 000 436, 957, 000 439, 282, 000 442, 080, 000 449, 648, 000 Currency certificates. Total. $425, 218, 493 421,831,993 426, 827, 973 427,524, 973 424,261,693 417,427, 693 426, 869, 693 436,915,693 439, 520, 043 443,113,643 445, 846, 643 460,993, 293 477,577,293 489, 427, 293 490,571,193 488, 411,193 479, 753, 673 476, Oil, 673 474,599, 673 481, 289, 673 477,736,673 471,143, 673 472,327,653 470, 608, 653 475, 682, 653 480,583, 653 473, 787, 653 461,615,653 461,818,653 462, 581, 653 459, 284, 6.53 458, 786, 653 455, 508, 303 455,798, 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, 679 675,402, 679 681,073,379 692, 615, 379 705, 259, 279 704, 604,1»«9 708, 545, 989 718, 962,989 720, 879, 789 723,973,6H9 727, 962, 689 735, 600, 689 745, 006, 089 762, 463, 089 234 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 MONTH, FROM J A N U A R Y , 1890. END OF EACH [ N o t e s i n c l u d e U n i t e d S t a t e s n o t e s . T r e a s u r y n o t e s , a n d n a t i o n a l - b a n k notes.] Month. 1890—January . . February . March . . . . April May June July August... September October— November December 1891—January . . February March April May June July August Septeraber October November December 1892—January . . February . March.... April May June July August... September , October... November December 1893—January ... February . March April May Juno July :. August.. September October... November , December 1894—January.. . February. March.... April May .... June • July August September October Noveraber. December . 1895—January . . February. Marcli . i . ' . April May....... June J uly August Septeraber. October . . . November. Deceiuber . Silver. Notes. Aggregate. 980, 770 ,$429, 646, 645 $541,128, 235 $1, 661,755, 650 433,134,893 692, 100, 955 538, 681,469 1,663, 917,337 436, 825, 803 536, 955,618 1. 667,631,703 693, 850, 282 440,419, 779 535, 945, 916 I, 671,555, 028 695, 189, 333 443, 344,693 696, 579,609 534, 042, 539 1, 673,966,841 696, 008,805 . 446, 301, 235 532, 429, 606 1, 674,739. 646 691, 651, 019 448, 344, 520 530, 934, 884 3,670, 930,423 689, 273, 307 449, 805,411 533,424, 769 1, 672,so:;, 487 693, 026,194 450, 612,934 536, 352, 931 I, 679,992, 059 694, 867, 733 454,417, 610 540, 240,449 1,689, 525, 792 698, 861, 777 455,066, 268 544, 268,827 1,698, 196, 872 704, 100, 811 455, 365, 604 547,859, 687 1, 707,326,102 707, 008,881 455,423, 600 550, 788, 565 1,713, 221, 046 705, 584, 827 . 455, 438, 287 553, 254, 740 1,714, 277,854 700, 904, 069 458, 019,424 555, 309, 280 1, 714,232, 773 689, 495, 821 458, 270, 810 558, 639, 862 1, 706,406, 493 661, 993, 363 458, 716, 652 561, 209, 202 1, 681,919,217 646. 591, 928 459, 815, 047 564,486, 647 1, 670,893,622 644, 458,425 1, 675,037, 824 569,841,990 460,737,409 647, 489,823 1, 686,661,666 577,503,360 461,670,483 653, 308,095 1, 697,838.059 582,717,292 461,832,672 670, 545,108 463, 367,029 587,590, 844 1,721, 502, 981 677, 774,595 1, 734, 592, 634, 275 464, 512, 031 920,901 686, 845, 930 464, 259, 376 597, 086, 703 I, 748,392,009 690, •586, 886 464, 638, 544 601,439, 512 1, 756,664. 942 689, 936, 893 604, 539,103 1, 759,306, 229 464,830,233 687, 758, 687 465, 319, 836 608, 812, 665 1,761, 891,188 681, 239,405 465, 539, 215 612, 386, 281 1, 759,164, 901 680, 438,749 465, 301, 096 616, 572, 351 1,762, 332,196 664, 345,446 465,101, 497 621,076, 937 1,750, 523,880 657, 753, 580 466, 061, 374 624,774, 899 1, 748,589, 853 653, 698,106 466, 034, 286 628, 720, 082 1, 748,452,474 652, 130. 237 1,750, 211,429 466,129, 081 631,952,131 655, 513, 666 466,146, 361 635, 724, 395 1, 757,384, 422 657, 966, 329 1, 765,195, 620 643,092,599 466.136, 692 651, 330. 762 467,135, 272 645, 831, 063 1,764, 297, 097 640, 535; 600 3,756, 658, 342 649,03 8,758 467,123, 984 627, 490,086 464, 430, 238 653, 971, 257 1, 745,891, 581 626, 177,184 1,751, 658,265, 708 466,934,174 613, 042, 879 1, 742,377.060 467, 257, 559 662, 606,408 1,738, 906,846 604, 464, 554 667, 035,144 467, 445, 050 592, 089,133 1,731, 944,754 467,143, 056 072, 585,115 1,748, 817,304 603, 723, 903 678, 722, 511 466, 500, 722 645, 889, 540 695, 543, 342 1, 809,947,136 468 246,178 657, 505,880 1, 833,679,060 469, 397, 889 706, 690, 635 1. 839,594,404 661, 395, 851 469, 372, 202 708,728,107 666, 180,139 1,844, 496, 250 469, 656,138 709, 082, 750 1,845, 919,027 666, 906, 590 470, 425, 236 708,380, Oil 1, 847,711,837 670, 023, 510 470, 059, 591 707, 614, 031 1, 851,697,132 -674, 293,180 469, 606, 589 707,161, 720 I, 849,061,489 672, 558,001 469, 852, 032 707, 457, 028 i, 845,867, 061 668, 087,191 469, 905,154 707, 327,120 1, 820.319,465 644, 866,968 468, 938, 275 706, 605,777 3,805, 411,020 629, 091, 424 469, 629, 252 706, 618, 677 1, 796,339, 353 620, 026,413 469, 863, 744 706, 667, 208 1,794, 557, 365 618, 293, 455 470, 240, 429 706,424, 600 1, 799,958,484 • 623, 792,004 469, 837, 257 705, 854,741 1, 802,484, 002 625, 795, 276 470, 918, 587 705, 386, 674 3,806, 100, 537 630, 139,655 704, 346, 423 1, 802,639,196 625, 107,730 •472.153,118 473, 178, 763 704,110,457 603, 543,187 1, 779,396. 950 702, 730,128 3,782, 591,539 473,318,204 607, 161, 380 473, 244, 315 702, 429,824 1,796, 835,539 618, 980, 395 473. 233, 312 704,552.316 623, 109, 679 1, 802,766, 023 473, 699, 442 705, 985; 337 1,813, 794,458 631, 461, 408 475,479, 581 706, 204, 012 1,818, 145, 001 636, 168,989 477,832, 094 704, 460,451 1, 823,461, 534 641, 132, 676 478, 866,145 703,543. 341 1,811, 542,302 629, 198, 579 478. 941. 602 703, 515,496 1, 796,655,- 677 613, 441,575 479,916,581 703,199, 230 1,803. 557,386 618, 542, 432 483, 457, 881 701, 660, 926 1, 796,661.239 609, 820, 049 486,156, 207 700, 224, 894 1,782, 201,150 597, 927,254 798,230 486, 701,707 698,169, 269 235 TREASURER. No. 4 4 . — E S T I M A T E D STOCK OF ALL K I N D S OF M O N E Y AT T H E E N D O F EACH MONTH, FROM J A N U A R Y , 1890—Continued. Month. 1896—January - . February.. March- . . . April May June July August.. September October . . Noveraber December 1897—January .. February . March April . . . . . May J une July August . . . September October . . . Noveraber December 1898—January . . February March . . . April May June July August . . September October . . November December 1899 - J.anuary . . February . March April May .. June July...... August— September October . . November December 1900—January.. February March April . May June July August . . -- September October — November. December . 1901—January.. February. March April May June July August... September October . . , Gold. Silver. Notes. Aggregate. $598,956, 043 $488,540, 573 $697, 501,,843 $1, 784,998,459 612, 989, 590 489,136, 248 700, 582,: .,213 1, 802, 708,051 617,797, 966 489, 864,261 - 704, 078,, ,323 1,811,740, 550 492,908, 993 703,939,,633 622,672,115 1, 819, 520,741 607,183, 582 494,193,973 703, 354,:, 231 1, 804, 731.786 600,148, 847 495, 203,240 702,364,,843 1, 797, 716,930 496,943,143 595, 306,169 701,054,,338 1, 793, 303,650 498,820,520 603,821,169 703, 036,,192 • 1,805,677,881 641, 542, 801 501, 125,060 705, 324,1 I, 847,992,514 [ 653 671,664, 812 504,187,289 704, 894,t,740 I, 880, 746,841 506,468,797 686, 256,984 703,757,,186 1,896,482, 967 509,445,647 692, 947,212 702,160,),414 I, 904, 553,273 511,372,172 697, 855,251 700,173,,958 1, 909, 401,381 698, 467,,623 702, 521, 724 512,988,961 1,913,978, 308 697, 607,' 706, 368, 560 513,541,585 ,437 1, 917, 517,582 514,544,609 •696,265,,•280 708, 084,485 1, 918, 894,374 701, 929, 314 516, 082,520 694, 339,M37 I, 912, 350,971 697, 223, 332 .516,365,969 692, 989,),982 I, 906, 570,283 697,118, 880 517, 758, 480 691, 439,,552 I, 906,316,912 689, 946,) 970 1, 910, 883,813 517,854,115 703, 082,728 688, 294,t,266 712, 660, 417 519,552,128 1, 920, 506,811 686,126,! 522,355,545 729, 661,210 ,571 1, 938,.143,326 738, 584, 008 524,708, 340 684,108,,513 I, 947,400,861 682,043,,937 745,037, 596 527,003,451 1,954, 084,984 678, 741,,512 528,461,761 752, 316,476 I. 959, 519,749 757, 948, 853 529, 389, 872 676,181,,368 1,963,520, 093 674,778,},175 793,033, 076 530,971,683 1, 998, 782,934 834,228, 646 532,208, 910 675,486,) 047 2,041,923, 603 532, 788, 656 676, 358,5,666 857,273,145 2, 066,420,467 675,788,,473 863,784, 929 534;293,653 2, 073, 867,055 673, 674,[ 361 870, 384, 447 534,922,473 2, 078, 981,281 535, 821, 852 673, 202,}, 946 2,093, 095,458 884,070,660 537,171,717 901,341,264 680, 670,),281 2,119,183, 262 925,070, 799 539, 076, 862 684,143,J, 432 2,148,291. 093 540,100, 401 686, 659,),099 935,930,605 i 2,162, 690,105 949, 526, 013 541,355,172 687,022,},166 2,177, 703,351 541,943, 595 685, 987;;522 958,679,680 2,186, 610,797 966, 396, 746 543,119, 631 685,177,r 378 2,194, 693,755 ,-850 544,194, 365 684,770,) 188 2, 202,126,. 973,162,297 980,062, 696 545; 521, 631 683, 996,5 004 2,209, 580,331 985,483, 605 546, 432; 951 682, 853,} 085 2, 214,769,641 861 975,453,939 547, 648, 755 681, 550,) 167 2,204, 652,879 978,104,707 547,168,823 681, 385,),349 2,206, C58,096 990,380,153 548,852,750 681, 351,L,193 2, 220, 584,170 999, 563, 565 550, 341, 086 681,220,: ), 519 2,231,125, 681 014,468, 049 553, 970, 712 679,575,1 ) 920 2, 248, 014,066 018,133, 208 554, 580, 494 679,549,'. 1,364 2, 252, 263,438 016, 009, 857 555, 845, 062 681,278,! ] 519 2, 253,133,698 022,943, 682 557, 392,977 681, 621, 2, 261, 957,865 L,039 025,825,162 683,395,) 244 2,267, 626,869 558,406,459 034,203, 613 560,535, 902 703, 090,; ) 354 2, 297,829,973 043, 525,117 714,669,: 564, 848,474 1 382 2, 323,042,200 041, 531, 374 569,170,051 726, 690,' ),775 2, 337, 392,180 036,031,645 732, 348,J,• 460 2,341, 899,772 573,519,075 053, 518, 893 576,906,972 740,314,' 2,370,740, 164 049, 347, 994 580, 854, 829 741, 373,1,907 I, 341 2, 371, 576,355 0.59,288, 820 584, 350,091 742,831,L,444 2, 386, 450,518 080. 027, 407 743,937,J 664 586, 757,447 2,410,722, 225 099,184,997 742,421,L 316 2,429,210, 001 108, 541, 829 587, 603,912 592, 259,981 ),191 748, 219, 2, 449, 021,009 112, 427, 728 751, 780,),887 i 2,460,117, 228 117, 032, 760 595, 908,394 598, 969,196 751,293, 5,272 2, 467,295,185 124,157,697 602,406,066 750,663,1 422 2, 477, 227,650 129, 267,647 604, 931,730 749, 325,), 273 2, 483, 524,623 748,047,,606 2,479, 883,290 123, 738, 871 608, 097,146 748, 206,! ), 203 2,483, 488,398 124, 729, 261 610, 552, 826 612, 538, 923 748, 862,1 135, 970,556 i, 919 2,497, 372,533 615,490,217 748, 533,: 147, 836,145 {,171 2, 511, 859,760 617,158, 406 748, 537,^564 i 360,353,790 2, 526, 049,491 620, 687,168 748,026,), 699 2, 543, 597, 174,883,624 286 E E P O E T ON T H E FINANCES. N o . 45.—ESTIMATED Month. 1890—January . . February. March . . . . April May June July August.. September October... November December1891—January . . February . March April May June July August... September October... November December. 1892—January.. February. March April May June July August... September October... Noveinber Deceuiber. 189.3—January.. February. March . . . . April May June July August... Septeraber October... November December. 1894—January . . February. March April May June July August... September October... November Deceraber. 1895—January.. February. March April May June July August... September October... November December. AMOUNT O F 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 , F R O M J A N U A R Y ^ , 1890. Gold coin. $374, 937,316 373,507,203 373, 624, 488 374,310,922 375, 246, 356 374, 396, 381 375.114.196 379, 053,187 386, 939, 723 400,378,130 405,105, 897 411, 080, 597 409,441, 335 408,752, 874 408,468, 850 408, 862,781 406,661,860 408, 073, 806 407, 630, 012 406, 745, 335 408,333, 304 • 406,770, 367 405, 931, 402 407, 999,180 407, 833,022 407, 813, 501 407,614,418 407, 615, 949 408,931,657 408, 767, 740 410,447, 360 411,154, 411 411, 524, 329 411.252.197 410,367, 863 412, 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, 383 496,103,956 497, 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 Silverdollars $59, 306, 637 58,372, 380 57, 847, 656 56,994,977 56, 348,174 56,166, 356 56, 981, 268 58, 506, 674 62,132,454 65,709,564 67, 248, 357 67, 547, 023 64, 818,949 63, 560, 553 62, 921,010 61, 692, 818 59, 868, 710 57, 683, 041 58,163, 879 58, 558, 697 60,194,175 62,135,461 62, 697, 204 62, 326,191 60, 216, 630 59, 264, 520 58,471, 743 57, 554,457 57, 096, 925 .56,799, 484 57, 031, 862 57, 622, 886 59, 569,303 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 Subsidiary silver. $54, 202,140 53, 950, 362 53, 984, 972 53,804, 039 53, 915, 869 54, 069, 743 54, 284,363 54, 948, 886 56, 311, 846 57, 641, 658 58, 272, 967 58, 651,154 57,723, 629 57, 345, 638 57,254, 002 57, 368, 507 57, 853, 226 58, 290, 924 57, 763,464 58, 554, 668 59, 664, 446 62,105,136 62, 845, 437 62, 776, 830 62, 415, 971 62, 308, 717 62, 547, 654 62, 833, 523 62, 736, 334 62,386,538 63, 346,937 63,897,139 64, 916, 209 65, 985, 408 66,515,135 67, 327, 267 66, 540, 937 64, 021, 838 06, 032,175 66, 257,142 66,163, 602 65,400, 268 64,007,129 64,335,238 64,100, 205 64, 309, 807 65, 541, 645 65,854, 740 61,108,700 59,921, 912 59, 588, 287 59,125, 312 57, 944, 250 58, 233, 344 58, 250, 802 58, 446, 869 58, 244,768 60, 242. 999 61, 606; 967 62, 672, 086 61,710, 429 60,940, 597 59, 873, 046 59,653,010 59,786, 487 60,219, 718 60, 532, 508 60, 090,158 61, 409, 543 63,832, 759 65,43.6,119 64,417, 685 Total silver. $113, 508, 777 112, 322, 742 111,832,628 110,799, 016 110, 264, 043 110, 236, 099 113,265,631 .113,455, 560 118,444, 300 123,351, 222 125, 521. 324 126, Tos, 3.77 122,542, 578 120, 906,191 120.175, 012 119,061,325 117, 721, 936 115,973,965 115, 927, 343 117,113, 365 119,858, 621 124, 240, 597 125, 542, 641 125,103,021 122,632, 601 121, 573, 237 121, 019, 397 120, 387, 980 119, 833, 259 119,186,002 120, 378, 799 121,520,025 124, 485, 312 127, 6.57, 863 129,101, 941 130,350,203' 127, 737, 325 124, 453, 928 125, 589, 365 125, 092. 525 124, 217, 091 122, 430, Oil 120,231,118 125, 989, 868 122, 932, 873 123, 035, 625 123, 967, 567 123, 724,329 116, 844, 420 114,496,458 . 113,113, 582 111, 780, 433 109, 896, 941 109, 424, 721 109, 210, 342 109, 959, 353 112, 521, Oil 116, 686, 669 119, 056, 832 120, 561,376 117, 584, 059 115,589,957 113,790,903 113,0.66, 719 112, 599, 057 112, 202, 880 112,279,234 112, 675, 001 116, 556, 070 122,186, 851 124.176, 832 123, 623, 612 237 TREASURER. 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 THE E N D OF EACH M O N T H , FROM J A N U A R Y , 1890—Continued. Gold coin. 1896—January . . February. March..'.. April May June July August... September October November December. 1897—January.. February. March April . May... June July August... September October Noveraber December. 1898—January.. February. March.... April May June July August — September October... November December. 1899—January . . February. March April May d une July August... September October... November December. 1900—January.. February. March April IS'Iay June July August... September October... , November December. 1901—January.. February . March April May June July August.. September October . . . Silverdollars, $499, 262, 686 $56, 629, 676 55,515, 941 445, 293, 591 54,792, 752 445, 912, 256 53, 602, 362 454, 225, 656 455, 876, 439 52, 717, 417 52,375,998 456.128, 483 445, 293,944 51, 999, 797 463, 995, 969 53, 445, 881 478,771,490 56,513,178 516, 340, 979 .58,190,802 516, 729,882 58, 493, 845 517,743, 229 58, 581, 819 56. 361,136 515, 468,129 55, 378, 762 516, 315, 696 517,125, 757 54, 507, 319 53,776, 448 517, 321, 596 53, 007, 095 520, 221,923 519,146, 675 52, 001, 202 519, 074, 302 51,655,722 521,848,563 53, 085, 664 528,098, 753 57,145, 770 539, 273, 953 60,196, 778 544, 494, 748 61,280, 761 547, 568, 360 61,491, 073 551,584, 924 59.478, 293 553,884, 882 59, 020, 904 582.129, 742 58, 562, 597 617, 038, 510 58,561, 008 649, 571, 883 57, 596, 423 660,959, 880 57, 259, 791 045, 246, 054 57, 293, 336 630, 693,166 57,738,313 622, 649, 812 6b, 788, 828 649, 846, 727 63,437, 255 658, 986, 513 63,980, 333 667, 796, 579 65,183, 553 696, 987, 400 63,429,088 702, 305, 269 63,135, 375 694, 855, 942 64, 536,488 701, 077, 442 64, 023, 325 724, 282,177 63, 434, 217 63, 381, 751 702, 060, 459 63,158,273 700,256, 384 64,887, 236 672,933,192 . 646, 561,185 68, 755, 243 634, 650, 733 71, 361,740 627, 480, lOi 70, 830, 223 637,977,830 70, 420, 047 619, 447,176 67, 888, 019 612, 333, 489 69,139; 994 612, 202, 698 69, 098, 949 616, 535, 746 68, 333, 834 618,624, 530 67, 645, 528 614, 918, 991 66,429, 476 622, 348,108 65, 759, 341 620, 695, 656 66,825, 496 620, 047, 309 71,176, 265 621,761, 263 73.479, 469 624, 702,913 73,811,334 629,392,578 76,182, 326 615, 576, 805 72, 315, 490 628,333, 957 71, 076, 367 626, 824, 954 72, 299, 960 629, 240,795 68, 846, 545 028, 021, 296 68,124, 348 630,407, 728 66, 587, 893 630,547, 325 66, 588, 628 630,037,710 " 68,021,039 631,201,267 71,201,115 633, 858,471 73,113, 520 Subsidiary silver. Total silver. $64, 387,135 $121, 016, 811 63,744,061 119, 260, 002 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, 561 111,663,358 113,345, 348 59, 699,467 116, 741,476 60, 228, 298 119, 362, 538 61,171,736 119, 727,191 61, 233, 346 120,683,805 62,101,986 60, 889, 370 117, 250, 506 60, 709, 595 116, 088, 357 60, 246,493 114, 753, 812 60,177, 704 113,954,352 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, 707 126,109, 806 64, 829, 045 127, 211, 381 65, 720, 308 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 70, 627, 818 135, 811, 371 132, 512, 604 69, 083, 516 69,143, 844 132, 279, 219 69,496, 609 134, 033,097 69,784,194 133,807, 519 133,479,197 70, 044, 980 134,057,433 70, 675, 682 70,527, 873 133, 686,146 72, 516,837 137,404 073 74,045, 762 142, 801, 005 76,173,164 147, 534, 904 76, 322, 965 147,153,188 76, 651, 321 147, 071, 368 75.429,413 143, 317, 432 74; 792,310 143,932, 304 143, 440, 271 74, 341,322 143, 334, 651 75, 000, 817 75, 658, 587 . 143,304,115 76, 294, 050 142, 723, 526 76,541, 200 142, 300, 541 77,862,649 144,688,145 150, 608, 458 79, 432,193 154,514,656 81, 035,187 155,528, 839 81, 717, 505 159, 305,789 83,123, 463 154, 295,181 81, 979, 691 152, 513, 697 81,437, 330 153,153, 067 80,853,107 149,099, 622 80, 253,077 79, 943, 209 148, 067, 557 79, 700, 088 146, 287, 981 80,195,427 146, 784. 055 80,788,228 148,809, 267 152,739. 232 81, 538,117 157,112, 871 83,999;351 238 No. EEPOET ON T H E F I N A N C E S . 4 6 . — U N I T E D STATES NOTES, TREASURY N O T E S , AND NATIONAL-BANK N O T E S IN CIRCULATION AT T H E END OF EACH MONTH, FROM J A N U A R Y , 1890. Month. 1890—January... February.. March April May June July August.... Septeraber. October Noveraber . 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.. U n i t e d Statesj notes. $327, 444, 792 326, 857,151 332, 101, 359 330, 676, 605 326, 933, 217 323, 046, 826 322, 697, 604 327, 287, 306 333, 915, 726 334, 417, 753 ^35, 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, 028 268, 672 '311, 541,814 302, 378, 826 299, 610, 528 293, 591, 356 290, 443, 688 284, 590, 089 270, 772, 371 268, 564, 225 264, 775,103 263, 283,481 267, 474,705 280, 930, 489 276, 761, 858 264, 999, 343 256, 988, 258 261, 935, 759 256, 393, 905 267, 938,032 266, 109,456 265, 349, 327 271, 536, 753 247, 364,416 240, 986, 280 238, 932,497 234, 855, 873 230, Treasury notes. Nationalb a n k notes. $188,- 274, 459 387,661,139 186, 337, 406 185, 322, 364 183, 072, 228 181,396,823 ,179,487,509 $1, 375, 900 178,073,525 176,982,404 7,106, 500 175, 947, 795 . 11,467,351 174,912, 067 17, 219, 656 21,896, 783 173, 738,584 25,101,706 168, 983,398 28, 871, 279 168,452, 386 168,119,827 .33, 921, 973 166,171, 886 37, 020, 254 163, 661, 349 38,112, 280 161, 922, 040 40,463,165 162,241,992 43, 684,078 164,312, 057 45,748, 350 166, 090, 066 57, 205, 228 66,473, 484 166, 445, 763 70, 983, 286 168,151, 853 75, 296,057 168, 427, 433 167,176, 607 76,038, 319 75,718, 553 167, 829, 448 77, 605,410 168, 644, 955 81, 501, 770 168,067, 089 87, 068, 672 167, 427,965 98,051,657 167, 306, 957 101, 756, 301 166, 595, 935 104,114, 086 166, 033,118 107, 001, 850 165, 085,108 114, 567,423 165, 224,137 118, 877, 559 167,786, 384 122, 039. 656 168, 361, 365 123, 927, 346 166, 623, 083 126,447, 613 169, 844, 260 128,956,781 172, 267,433 128, 779,103 171, 770, 315 132, 505,183 171, 920, 799 140, 661, 694 174, 731,139 143, 774,138 180,134, 997 145, 420, 209 195, 822, 781 148, 824,199 200, 875,098 150, 818, 582 197,745, 227 150, 770, 406 196,139, 558 151,965, 267 196,181,216 150, 755, 402 193, 335, 220 141, 038, 766 194, 839, 041 141,316,855 197,116, 886 143,026,114 199, 082, 593 140, 074, 690 199,724, 021 134,862, 009 200, 754,351 129,918,527 202, 643, 601 124, 552, 440 202, 025,053 121,495, 374 202, 546, 710 122, 715, 396 202, 594, 902 124,574,906 202, 517, 054 122, 453, 781 201, 845, 738 117,180, 225 198, 964, 396 114, 249, 700 199,889, 358 121, 457,-600 203, 091, 318 121,840, 500 204,760, 225 117,954,807 206, 579, 490 115,978,708 207, 047, 546 114, 004,381 205, 729, 557 109, 436, 662 204,738,609 107, 035,426. 206, 833,159114, 526, 669 207, 364, 028 115, 260, 322 207, 568,852 115, 726, 769 206, 653, 836 Total. $535,719,251 514, 518, 290 518,438, 765 515, 998, 969 510, 005,445 ^ 504, 443, 649 502,185,113 506,734, 731 518,004,630 521, 832, 899 527, 707, 019 532, 310, 752 522, 410, 612 525, 328, 516 536,073,998 535, 376, 758 529, 092,375 526, 099,477 525, 818, 634. 527, 756, 843 550, 026, 495 565, 473, 236 572,499, 448 577,490,841 573, 312, 239 565, 679,689 570,155, 327 574, 354, 720 572, 949, 939 577,173,454 580, 204, 514 587,695, 624 594, 690,116 611, 871, 794 620, 436, 820 621,334,561 610, 244, 567 610,466,615 618,'017, 528 620, 356, 535 623, 448, 305 636, 268, 516 648,303,539 672, 881, 050 681, 928, 203 670,455, 837 658,178, 636 650, 688, 297 643, 469, 448 629, 488, 335 629, 025, 097 624, 552, 395 610, 388, 800 604, 388,731 597.126, 353 590, 352, 596 591, 325, 565 605,785, 003 604, 002, 449 589, 061,377 573,143, 964 576.127, 316 581, 484, 677 593, 994, 630 591,472, 329 588,135, 710 591, 083, 265 561, 71.2, 024 554,233, 001 560, 876,977 5.57, 741, 671 553,236, 478 239 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 NATIONAL-BAN3<: N O T E S IN CIRCULATION AT T H E E N D O F EACH M O N T H , FROM J A N U A R Y , 1890—Cont'd. United States notes. Month. 1896—January . . . February.. ' March..... . April May June July August September. October Noveraber . December.. 1897- - J a u u a r y . . . February.. Marcli April May June July August September. October November . Deoember . 1898- - J a n u a r y . . . February .. March April May June July August September. October November . December.. 1899—January . . . February.. March April June. July August Septeraber October Noveraber December 1900—January . February.. March April May •. June July August September. October Noveraber . December.. 1901—January . . . February .. March April May June July August "September. October - Treasury notes. S 745, 840 $110,2211,185 240,1,458, 573 106, 074,,550 103, 728,5,966 232,1, 288,482 100,921,.,025 237,', 349, 381 98,080,3,506 , 562, 755 225, 95,217,r,361 225, ,451,358 93,948,?,532 , 410, 538 237, 91, 262,2,524 231., 964, 734 88,964,,047 ,547,300 249: 83,959,),764 256, , 950, 326 80,147, :, 705, 483 r,901 274. 84,171 ,221 261 , 367. 758 82,733,J, 382 2681, 486, 236 85,546,3,621 260:I, 734, 616 90, 244,:,810 248,1,513, 640 92,253,J, 627 247,•, 738,136 86,641 ,406 1. 848, 703 248, 83,905,),197 248.1, 583, 578 81, 563,5,887 I, 389, 952 252, 83,145,),312 254,:, 432, 314 89,816, , 795, 544 251 5,063 101,759,),955 258;;, 996, 998 104,676,),398 262,i, 183, 000 103, 443,J, 936 262,I, 480,927 27 ,722,410 100,797:r,666 , 164,186 264, 98, 464:,430 ), 432 267, , 305, 587 99, 709, ;, 048, 318 5,970 99,588, \ 202, 987 5,855 100, 226, , 572, 329 ),580 98,665, ,084,187 ),553 278, 95, 735, ),654 272, , 395, 581 94, 920, , 660,165 ,283 291, 96,704 306:, 301, 620 ),780 96, 569, ., 736, 046 311 ,482 95, 781, 312,1, 415, 738 94,942,,741 309:I, 643,158 93, 993,,753 308:1, 305, 398 94,204,:,459 I, 519,117 310, ), 701 94, 075, 312,1, 057,405 93, 559,,041 ., 095,424 311 ,782 93,103 I, 547, 349 3io:,329,994 ),792 92,605, 3ii: , 130, 421 92,358, i, 538 ),632 310, ,954,600 93,650, 314, ,264, 666 89, 957-, '•, 175 317, ,811,976 88, 893J, 894 317 , 269, 365 87, 441,680 86, 934, ' 318,, 500, 312 t,351 86, 016: 317, , 341, 366 ),740 85, 945: 318, , 802, 644 ),227 84; 650, 322,i, 832, 448 ),059 81,793 ,059 326,1, 752, 949 78, 636. 322, , 614,134 ^759 75, 247, 316,•, 910, 951 r, 497 72, 855, 317,•, 956, 971 ),940 69; 890:',651 317, ,506,314 67, 600, 324,;, 295, 061 ),388 65,478: 333,;, 669,359 5,460 63, 361,,330 333: , 587,495 61, 230, 334:., 054, 404 ),359 58, 091,831 333,1,421,722 55, 857, 335,; 889,481 r, 327 53, 728, 336, ,610,118 5,232 51,795:),097 337, , 483, 382 49, 677, 334, , 468, 013 r,284 47, 540, 332,:, 820, 699 ),245 45, 915),905 332, , 975, 624 44, 300, 333, , 029, 866 ),417 42,944,,781 338, , 781, 028 41, 3841,614 338, Nationalbank notes. $203, 086, 208, 551, 214, 205, 216, 602, 215, 285, 215, 331, 214, 096, 215,798, 220, 804, 222, 002, 222, 335, 221, 384, 217, 766, 219, 230, 222,420, 224, 211, 224, 766, 226,410, 225,155, 226, 075, 226, 464, 225,134, 224, 956, 223, 827, 220, 366, 221, 413, 221,742, 223, 384, 224, 609, 223,129, 222, 056, 222, 845, 231, 750, 234, 969, 238,109, 238, 337, 237, 576, 239, 275, 240,261, 238, 877, 238,117, 237, 832, 238,048, 238, 521, 239,731. 239, 067, 239, 835, 242,001, 240, 885, 245, 739, 267,157, 280, 050, 294, 057, 300,161, 311,097, 314,627, 319, 336. 325, 375, 326,949, 332,188, 333,360, 338, 593, 341,155, 343, 725, 343, 341, 345,126, 346, 901, 347, 773, 349, 318, 351, 674, Total. $559, 053, 922 555, 084,502 550, 222, 477 554, 872, 585 538, 928,811 536, 000, 646 545, 455,690 539, 025, 748 559,316, 210 562, 912, 666 577,188, 803 566, 923,127 568,985, 891 565,511, 580 561,178,633 564, 203, 697 560, 256, 252 558, 899, 542 559,109, 304 -563, 653, 453 568, 075, 742 585,891, 216 591, 815, 608 589, 752, 618 594, 886, 369 584, 041, 846 588,757; 407 611,022, 078 615, 039,478 608, 367, 612 595, 876, 382 590,162,361 620,115,168 637, 841, 364 645,626, 587 645, 696, 208 641,212,930 . 641,785, 580 644, 856, 248 644, 493, 653 642, 314, 804 640,985, 735 641, 537, 490 640, 302, 542 644,643,556 645,225,753 645, 089, 442 647, 205, 359 644, 402, 813 650, 026,174 674,610,327 688, 673, 847 695, 447, 278 692, 023,163 701, 864, 056 702,475,145 711, 443,132 724,148, 879 723,979, 859 728,006,180 724, 506, 626 729, 872, 061 731,773,140 733,130,497 727, 502, 515 725,134, 779 725, 638,326 726, 049, 356 730, 292, 861 731,840,204 240 E E P O E T ON T H E F I N A N C E S . N o . 4*7.—GOLD 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 END OF E A C H M O N T H , FROM J A N U A R Y , 1890. Month. 1890—January . . February. March April May June -. July August... September October... November December. 1891—January . . February . March April May June July August... September October... November December. 1892—January.. February . March April May June July August -. September October... November December. 1893—January . . February. March April May June July August... Septeraber October— November December. i894—January . . February . March April May June July August — September. October— November December. 1895—Jiinuary., February . March April May June July August — September. October— November . December., Gold certificates. Silver certificates, $138. 657,169 $281,331,771 130; 604, 804 284,176, 262 134, 938, Q79 290,605,562 134, 642, 839 292, 923,348 130, 788,399 294, 656, 083 131, 380, 019 297, 210, 043 132, 444, 749 298: 748, 913 124, 382, 539 303, 471, 210 158, 104, 739 309,321,207 138, 173,979 308, 206,177 131, 316,499 308, 576,499 144, 047, 279 308, 289,463 155, 839,449 303, 844, 086 147, 119,129 303, 822, 259 144, 317,069 309, 632,535 138, 890,799 312, 933, 440 122, 124, 339 310,541,378 120, 850, 399 307, 364,148 115. 715, 389 307,291,114 108, 273, 079 317, 588, 321 112, 451,569 322,016,487 136, 300,319 321,142, 642 142, 649,969 320,873, 610 148, 106,119 320, 817, 568 163, 178,959 320,138, 307 160, 001, 279 325,141,186 154, 329, 229 325, 683,149 153, 713,699 327, 289,896 157. 295, 209 327, 290,165 14i; 235, 339 326, 880, 803 336, 861, 829 327, 336, 823 128, 387, 379 328, 289,145 121, 210, 399 326,849, 827 120, 255, 349 324,552, 532 123. 188, 809 323,464, 833 117, 093,139 035, Oil 120, 645, 819 ' 322, 323,192,660 114, 388,729 111, 485, 009 321, 279,132 105, 272, 029 322, 958, 953 101, 469, 969 321,707,726 322,115, 592 92, 970,019 87, 611, 029/ 326, 489,165 80, 414, 049 330,188, 390 326, 206, 336 79, 627,599 78, 889, 309 324, 955,134 78. 163, 079 325, 717, 232 328, 421, 997 77, 412,179 329, 545, 650 77, 015,419 330,161,308 70, 935, 729 70, 306, 909 331,119, 247 329, 447, 264 990,449 374, 549 330, 305, 980 344, 409 329, 959, 959 66, 947, 229 327, 094, 381 65, 668,969 324, 491, 738 65, 790, 439 325,217,977 64, 252, 069 330, 520, 719 64, 925, 899 331,143,301 58, 361,909 332, 317, 084 53, 647, 809 331,077, 784 52, 507,769 326, 467, 272 51, 843,189 325, 816, 415 48, 751, 009 323, 746, 756 48, 539,569 323, 215, 271 48, 381,569 321,553,171 48, 117,579 319,731, 752 48, 081, 089 320,355,118 49, 645, 539 323, 772,261 50, 417,659 330,434,837 50, 233, 979 333,456, 236 50, 936,439 335,855, 893 49, 336, 076, 648 Currency certificates. $11,630, 000 10, 230, 000 7, 660,000 8,795,000 9,855, 000 11,830, 000 11,820, 000 8,820, 000 6, 990, 000 6, 910,000 6, 270, 000 6, 810, 000 11, 360, 000 12, 270, 000 II,145,000 14, 000, 000 17, 750, 000 21,365,000 27, 265, 000 28,455, 000 17, 845, 000 10, 765, 000 9, 765, 000 9, 265,000 16, 760, 000 29, 350, 000 29, 840, 000 30,210,000 33,730, 000 29, 830, 000 26,720, 000 22, 210, 000 17, 290, 000 10, 550,000 8, 230, 000 7,100, 000 14,450, 000 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 37, 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 $431, 618, 940 425, Oil, 066 433, 203, 641 436,361,187 435, 299, 482 440,420, 062 443, 013, 662 436, 673, 749 474,415,946 453, 290,156 446,362.998 459,146, 742 471, 043, 535 463, 211, 388 " 465, 094, 604 465, 824, 239 450, 415, 717 449, 579, 547 450, 271, 503 454, 316, 400 452,313, 056 468, 007,961 473, 288, 579 478,188, 687 500, 077,266 514, 492,465 509, 852, 378 511, 213, 595 518,315, 374 497, 946,142 490, 918, 652 478, 886.524 465, 350, 226 455,357,881 454,883, 642 446, 228,150 458, 288,479 454,917,861 451,113,962 442,819, 755 440, 540, 561 431, 394,184 425, 654,419 412, 225,385 412, 782, 733 426, 931, 541 439, 790, 076 446,002,829 452,111,727 449,859, 976 •452, 474,173 457, 566,429 458. 584, 508 452, 373, 790 452,133, 967 448, 951, 946 451, 066,158 449, 440. 370 448, 377, 983 431, 444, 693 416, 740, 081 414, 249,184 409, 414, 945 409, 261, 280 418, 337, 740 423, 518, 321 425, 392, 697 449, 408, 350 444, 920, 376 440,613,895 432, 024,872 417,618,087 241 TEEASUEEE. No. 4 7 . — G O L D C E R T I F I C A T E S , S I L V E R CERTIFCATES, AND C U R R E N C Y C E R T I F I CATES I N CIRCULATION AT T H E END OF EACH MONTH, FROM J A N U A R Y , 1890—C't'd. Gold certificates. Month. 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... Ma,j June July August September. October November. December.. 3.8':9—January . . . February . . March April May June July August September. October November . December . 1900—January... February.. March April May June J u l y . .• August September. October November . December.. 1901—January . . . February . . March April May June July August September. October FI 1901- 847,849 733, 019 239,249 052,559 961,909 320,759 293, 479 867,639 736, 639 197, 309 016, 749 887,439 586,629 544, 819 456,339 421, 999 387,829 285,919 226,879 017,789 898, 559 834,309 725. 409 36, 557, 689 36, 494, 759 36, 440, 789 36, 319,199 35, 951, 999 35, 883, 209 35, 820, 639 35, 693, 679 35, 473,009 35, 393,909 35, 338, 909 35, 280, 649 200,259 35, 039, 33, 966, 9.39 839 32, 892, 649 32, 845, 029 32, 786,189 32, 656, 269 32, 593,789 32, 688,989 68, 673,559 98, 593,539 127, 908, 202 150, 122, 797 161, 882, 889 184, 266, 337 183, 642,851 173, 527, 409 197, 049,299 204, 555. 469 200, 603,409 207, 388. 369 230, 310,349 209, 595, 969 215, 246, 346 231; 787, 929 232, 667,279 275, 548, 739 257, 286, 099 248, 259, 799 253, 285,329 251, 715,739 245, 467, 399 255, 342, 649 259, 517,169 277, 678,659 281, -16 Currency certificates. Total. $331, 614, 339 $28,925,000 $410, 387,188 332,545,943 32,825, 000 409,103,962 337, 032,426 34,460,000 414,731, 675 338, 834, 413 414,816,972 32, 930, 000 336, 313,080 412,704,989 33, 430, 000 331,259,509 405, 420, 268 31,840, 000 331, 656, 671 412,490,150 43,540,000 345, 739, 894 423, 002, 533 38, 395, 000 354, 431,474 427,473,113 34, 305,000 357,777,122 428,439, 431 32, 465, 000 356,312,121 432,798, 870 38,470,000 356,655,800 444,873, 239 50,330,000 464, 273,162 . 361, 336, 533 65,350, 000 477,779, 320 76, 525, 000 363, 709, 501 475, 942,492 74,460, 000 364,026,153 471, 080, 938 69,905,000 363, 753, 939 465,941, 637 65,785,000 362, 768, 808 456,752, 287 61,130, 000 358, 336, 368 457, 500, 529 , 357,938,650 62, 335, 000 468,156,126 367, 863, 337 63, 275, 000 464,343, 858 374,620, 299 52, 825, 000 48, 285, 000 372, 838, 919 457, 938,028 48, 640,000 373,298, 967 458, 664,376 43,315, 000 376, 695, 592 456, 568, 281 49,075,000 459,085,699 373, 515, 940 48,430, 000 465,158, 216 380, 287,427 37, 900, 000 461. 990,097 387, 770, 898 26, 915,000 455,553,573 392, 686,574 26, 540, 000 453, 648, 474 391, 225, 265 26, 045,000 452, 524, 719 390,659, 080 446, 788,115 389,119,436 21, 975,000 448,743, 382 392, 990, 373 20, 280, 000 446, 454, 644 393,425, 735 17, 635, 000 391,177,575 20,055,000 446, 571, 484 392, 818,146 20,190,000 448, 288,795 392,331, 995 20,465, 000 447,997, 254 392, 337, 684 22,170, 000 447, 547,623 396,400, 705 23,105, 000 452, 472, 544 398,874, 006 454.101, 655 22, 335, 000 4OO5 379, 249 454.489,278 21,265,000 401,298, 642 455, 424, 831 21, 340, 000 401, 869, 343 455, 380,612 20, 855,000 403, 088,395 455, 637,184 19,955, 000 403, 632, 345 19,170,000 491.491, 334 400,353,881 15, 870,000 514, 697,440 394, 976, 239 13,735,000 536, 304,758 13,605,000 558,806, 002 394, 292, 800 11, 980, 000 568,143, 613 395, 040, 816 14, 580, 000 396, 519, 045 595, 981,934 15,270, 000 400,103,487 596, 639, 824 14, 335, 000 403,043, 359 591, 021, 210 407,193, 810 611,981,219 7, 260, 000 408, 477, 649 617, 311,948 4, 785, 000 408,499, 347 612, 759, 816 3, 705, 000 410, 557, 294 620,840, 703 2, 680, 000 415, 875, 727 628, 824,096 2, 560, 000 420,265,735 631,196, 084 1, 820, 000 421, 380, 745 638,756,734 1, 780, 000 421, 613,407 654, 549,753 1, 690,000 422.399,403 656,747, 332 1, 560, 000 419, 739, 322 696, 401, 601 995, 000 422,340, 690 680, 884, 429 995, 000 427, 206, 320 675.492, 419 683,833. 321 ^ 430, 573, 522 680, 906,147 429, 620,818 675,356,477 429, 640, 738 686, 518,168 431, 050, 769 692,893,491 433, 550,842 712,955,131 435, 437, 962 723, 488, 996 441, 810, 337 242 No. E E P O E T ON THE FINANCES. 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 END Month. 1890—January February March April May June July August September . . . October November December 1891—January.. February March April May.. June July August September . . . October November December 1892—January February March April May .... June July August S e p t e m b e r ,... October November.-.. December 1893—January February March April May June July August Septeraber . . . October Noveraber 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 Noveraber December'.... OF EACH MONTH, Gold. $374,,937,316 373, 507, 203 373, ,624,488 374, 310,922 375, 246, 356 374, 396, 381 375, 114,196 379, 053,187 386, 939,723 400, 378,130 405, 105, 897 411, 080, 597 409, 441,335 408, 752, 874 408, 468, 850 • 408, 862, 781 406, 661,860 408, 073, 806 407, 630,012 406, ,745,335 408,, 333, 304 406,,770,367 405,, 931, 402 407, , 999, 180 407, , 833, 022 407, ,813,501 407, ,614,418 407, ,615,949 408, ,911,657 408, , 767, 740 410, 447, 360 411, 154,411 411, 524, 329 411,, 252,197 410, , 367, 863 412, , 970, 960 411, 409, 688, 068 407, 817,138 410, 799, 951 407, 759, 520 403, 945, 944 416, 633,700 469, 909, 941 484, 466, 368 498, 296,109 505, 123,679 508, 058, Oil 527, 602, 811 496, 357,916 496. 830;383 497, 101, 956 496, 894, 733 497. r99,152 499, 573, 990 497, 103,577 500, 407, 586 50;), 326,248 405, 181,380 485, 789,187 506, 501,,376 468, 189,411 479, 568,100 483, 493, 899 .483, 111, 525 480, 770, 430 485, 275,057 479, 778, 610 460, 787,653 475, 884, 062 480, 381, 593 484, 252,104 728, 547 FROM Silver. JANUARY'', Notes. $113, 508, 777 $515, 719, 253 112, 322, 742 514, 518, 290 111, 832, 628 518,438,765 110,799, 016 515,998, 969 110,264,043 510, 005, 445 504,443, 649 110, 236, 099 502,185,113 111, 265, 631 506,734, 731 113,455, 560 518, 004, 630 118,444, 300 521, 832, 899 123, 3.51, 222 527, 707, 019 125, 521, 324 532, 310, 752 126,198,177 522,410, 612 122,542, 578 525,328,516 120, 906,191 536,071, 998 120.175, 012 535, 376,758 119, 061, 325 529, 092, 375 117, 721, 936 526, 099,477 115, 973, 965 525,818, 634 115, 927, 343 527,756, 843 117,113, 365 550,026, 495 119, 858, 621 565, 473,236 124,240, 597 125, 542, 641 572.499.448 125,103, 021 577, 490, 841 122, 632, 601 573, 312, 239 121, 573, 237 565,679, 689 570,155, 327 121,019,397 120,387, 980 574,354,720 119, 833, 259 572,949, 939 119,186, 002 577,173, 454 120, 378, 799 580,204, 514 121, 520, 025 587, 695, 624 124,485, 312 594,690,116 127, 657, 863 611,871,794 620,436, 820 129,101,941 130,150, 203 621, 334, 561 127, 737, 325 610, 244, 567 124,453, 928 610,466,635 63.8, 017, 528 125,589,365 125, 092,525 620, 356, 535 124, 217, 091 623,448, 305 122,430, Oil 636,268, 516 120, 231,118 648, 303, 539 125, 989, 868 672, 881,050 122,932, 873 681, 928,203 123, 035, 625 670,455, 837 123,967, 567 658,178, 636 123,724, 329 650,688,297 643, 469, 448 116,844,420 114,496, 458 629,488, 335 113,113, 582 629, 025,097 111, 780, 433 624, 552, 395 109,896, 941 610,388, 800 109, 424,721 604, 388, 731 109,210,342 597.126, 353 109, 959, 353 590,352, 596 112,521, Oil 591, 325, 565 116, 686, 669 605,785,003 119, 056, 832 604.002.449 120, 561,176 589,061,377 117, 584, 059 573,143, 964 115, 589, 957 576.127, 316 113, 790, 903 581,484,677 113, 066, 719 593, 994, 630 112, 599, 057 591,472, 329 112, 202, 880 588,135, 710 112, 279, 214 591, 083, 265 132, 675, 001 561,712,024 116, 556,070 554, 233, 001 122,186, 851 560, 876, 977 124.176, 832 557, 741,671 123, 623, 612 553, 236, 478 THE 1890. Certificates. Total. $431, 618, 940 $1, 435, 784, 284 425, Oil, 066 I, 425, 359, 301 433,203, 641 1,437, 099,522 436, 361,187 1, 437, 470, 094 435,299, 482 1,430,835,326 440,420, 062 1,429, 496,191 443, 013, 662 1,431,578,602 436, 673, 749 1,435,917,227 474,415,946 1, 497, 804, 599 453,290.156 1, 498, 852, 407 446,162, 998 1, 504,497, 238 459,146, 742 1, 528, 736, 268 471, 043, 535 1, 525,438, 060 463,213,388 1, 518,198,969 465, 094, 604 1, 529, 810,464 465,824, 239 1, 529,125,103 450,415,717 I, 503, 891, 888 449, 579, 547 1,499,726,795 450,271,503 1,499, 647,492 454,316,400 1, 505,931,943 452,333,056 1, 530, 531,476 468,007,961 1, 564,492,161 473,288, 579 1, 577, 262, 070 478,188, 687 1, 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 1, 613,572, 244 518,315, 374 1, 620, 010,229 497,946,142 1, 603, 073, 338 ' 490, 918, 652 1, 601, 949, 325 478,886,524 1, 599, 256, 584 465, 350, 226 1,596, 049, 983 455, 357, 881 1, 606,139, 735 454, 883, 642 1, 614, 790, 266 446, 228,150 1, 610, 683, 874 458, 288,479 1,607,958, 439 454, 917, 861 1,599, 655, 542 451,113, 962 1, 602, 520, 806 442, 819, 755 1, 599,028, 335 440, 540, 561 1,596,151,901 431, 394,184 1, 593, 726,411 1, 611, 099, 017 425, 654,419 1, 680, 562, 671 412, 225,385 1, 701,939,918 412, 782, 733 1,718, 544, 682 426, 931, 541 1, 726, 994, 290 439,790,076 1, 729, 018, 266 446, 002, 829 i; 739, 783, 511 452, 111, 727 .1,690,675,152 449, 859, 976 1, 690, 714, 808 452, 474,173 1, 691, 793, 990 457,566,429 1,675,669,401 458, 584, 508 1,664, 061, 232 452, 373, 790 1, 657, 574, 239 452,133, 967 1, 646, 671, 481 448,951,946 1, 655, 038, 982 451, 066,158 1, 672, 093,422 449,440, 370 1, 637,226,451 448,377, 983 1, 626, 568, 622 431, 444, 693 1, 613, 657, 515 416, 740,081 1,574, 534, 557 414,249,184 I, 584,184,424 409,414, 945 1, 599, 434,154 409, 261, 280 1, 606,179, 556 418, 337, 740 1,604,131,968 423, 518, 321 1, 614, 5.33, 786 425, 392, 697 1, 603, 583, 028 449,408, 350 1, 585, 593,509 444,920, 376 1, 598, 859, 316 440,633,895 1,594,195,479 432,024,872 i; 579, 206, 724 417, 618,087 243 TREASURER. Noo 4 § . — E S T I M A T E D END AMOUNT OF ALL K I N D S OF M O N E Y I N CIRCULATION AT T H E OF EACH M O N T H , FROM J A N U A R Y , 1890—Continued. Month. 1896—January... February.. March April May June July August— September. October... Novepiber. December. 1897—January... February . March . . . . April ilay. June July August ... September October . . . November. Deceraber. 3898—January... February.. March April May June July August ... Septem ber October . . . Noveraber December. 1899—January . . February . March A.pril May June July A u g u s t . -. Septeraber October . . . November. December. 1900—January... February . March April May June July. August ... September October . . . November. Deceraber. 1901—January . . February . March . . . . April May June July August ... September October . . . Gold. 445, 445, 454, 455. 456, 445, 463, 478, 516, 516, 517, 515, 516, 517, 517, 520, 519, 519, 521, 528, 539, 544, 547, 551, 553, 582, 017, 649, 060, 645, 630, 622, 649, 658, 667, 696, 702, 694, 701, 724, 702, 700, 672, 646, 634, 627, 617, 619, 612, 612, 616, 618, 614, 622, 620, 620, 621, 624, 629, 615, 628, 626, 629, 628, 630, 630, 630, 631, 633, Silver. Notes. $121 016, 119 260, 117 763, 116 091, 114 074, 112 175, 111 663, 113 145, 116 741, 119 362, 119 727, 120 683, 117 250, 116 088, 114 753, 113 954, 113 314, 111, 229, 110, 787, 112 021, 118 322, 123, 629, 126 109, 127 211, 124 434, 123 291, 123 181, 123 147, 121 638, 121 583, 121 287, 122 497, 127 376, 132 316, 133 977, 135, 811, 132, 512. 132 279, 134, 033, 133 807, 133, 479, 134 057, 133 686, 137 404, 142 801, 147 534, 147 153, 147 071, 143 317, 143 932, 143 440, 143 334, 143 304, 142 723, 142 300, 144 688, 150 608; 154 514, 155 528, 159 305, 154 295, 152 513, 153 153, 149 099, 148 067, 3.46,287, 146, 784, 148 809, 152 739, 157, 112, $559 053, 555 084, 550 222, 554 872, 538 928, 536 000, 545 455, 539 025, 559, 316, 562, 932, 577 188, 566 923, 568, 985, 565, .511, 561, 178, 564 203, 560, 256, 558, 899, 559, 109, 563 653. 568 075, 585 891, 591, 815, 589 752, 594 886, 584 041, 588 757, 611 022, 615 039, 608, 367, 595, 876, 590, 162, 620, 115, 637, 841, 645 626, 645, 696, 641, 212, 641, 785, 644, 856, 644, 493, 642 314, 640 985, 641 537, 640 302, 644, 643, 645 225, 645 089, 647 205, 644 402, 650 026, 674 610, 688 673, 695 447, 692 023, 701 864, 702 475, 711 443, 724 .148, 723 979, 728 006, 724 506, 729, 872, 731 773, 733 130, 727, 502, 725 134, 725, 638, 726 049, 730 •292, 731, 840, Certificates. Total. $410, 387,M88 $1, ., 589, 720,607 409,103,,962 , 528, 742, 057 1, 414, 731,,675 , 528, 629,463 1, 414, 816,),972 , 540, 007,082 1, 412, 704,,989 ., 521, 584,283 1, 405,420,), 268 1, , 509, 725, 200 412, 490,),150 , 514 903,142 1, 423, 002,J, 533 1, ., 539, 169, 634 , 582, 302, 289 427, 473,5,113 1, , 627, 055,614 428, 439,>,431 1, , 646, 444, 746 432, 798,5,870 1, , 650, 223,400 444, 873;,239 1, , 665, 977,688 464, 273,,162 1, , 675, 694,953 477, 779,),320 1, , 669, 000,694 475,942,5,492 I, , 666, 560,383 471, 080,),938 1, , 659, 733, 895 465,94i;L,637 1, , 646, 028, 246 456, 752,},287 1, , 646, 471,139 457,500,,529 1, ., 665, 680,098 468,155,),126 1, , 678, 840, 538 464, 343,,858 1, , 706, 732,904. 457, 938,5,028 1, , 721 •084,538 458,664,,376 1, 456, 568,,281 , 72i; 100, 640 1, 459, 085,),699 , 729, 991, 228 1, 465,158,5,216 , 726, 376, 659 1, 461,990,),097 , 756, 058, 645 I, 455, 553,5,573 , 806, 761,4-12 1, ., 839, 898, 256 453, 648,5,474 I, , 843, 435,749 452, 524,1,719 1, ,809, 198, 344 446, 788;5,115 1, , 792, 096,545 448,743,,382 1, ., 816 596,392 446,454,,644 1, 575;782 446, 571,,484 I, 879, 504 448, 288,5,795 I, 301, 412 447, 997,,254 , 897, 260,557 1, 447, 547,,623 , 918, 842, 612 1, 452, 472,},544 I.,,928, 846,942 454,101 ,655 ., 927, 867, 892 1, , 933, 501,009 454, 489,),278 1, , 955,, 484, 239 455, 424,,831 I, ., 932, 117, 204 455, 380,,612 I, ., 931, 131,141 455, 637,r,184 1, , 942, 703,186 491,491,,334 1, , 948, 716,148 514, 697,r,440 1, , 963, 528,733 536, 304,,758 1, ,978, 398,170 558, 806,5,002 3, ,980, 149,355 568,143:5,613 1, ;, 595, 981 ,934 2, 003, 931, 791 I, 002, 274, 506 596, 639;),824 2. 591, 021,210 2,, 021, 525, 463 1, 060, 687,871 611, 981,,219 2, 1,074, 425, 496 617, 31i:,948 2, I, 062, 353, 408 612,759:),816 2, 1, 087, 683, 042 620, 840,),703 2, 1, 096,294,983 628, 824:,096 2, ,113, 181, 412 631,196:5,084 "2, , 139, 761,367 638, 756,5,714 2,,158, °654,549),756 2:, 173, 251, 879 656,747,^332 780, 213 2, ;, 190, 609,144 696, 401,L,601 2, 679, 889,),429 243, 580 2,:,. 190, 187, 675,492,., 419 2, 304, 235 ;, 195, 497,515 683, 833,5, 321 2, :, 184, 680,906,5,147 186,965 2, :, 177, 675, 356:5,477 2,, 189, 487,874 686, 518,5,168 789, 824 2, ;, 197, 188,491 692,893,,491 2, 712,955,), 131 2,,227, 300,542 , 246, 723, 5, 996 2, 244 REPOET ON T H E F I N A N C E S . N o . 4 9 . — E S T I M A T E D AMOUNT OF GOLD AND GOLD CERTIFICATES, 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 T H E END OF EACH M O N T H , FROM J A N U A R Y , 1 8 9 0 . Month. 1890—January February March AiJril May June July August September October NoA'-eraber December 1891—January February March April.. May June July August September October November Deceraber 1892—January February March April May June July..... August •. September October November December 1893—J anuary February March April May June., July August Septeraber October November December L894—Jamiary February March April May Juno July August September October November December 1895—January February March .• April May June July.. August September October November December , — Notes and Gold and gold' Silver and certificates. silver certifi- c u r r e n c y cer(jates. tificates. $513, 594,485 $394,840, 548 504, 112, 007 396,499,004 508, 562, 567 402,438.190 508, 953, 763 403, 722, 364 506, 034,755 404, 920,126 505, 776, 400 407, 446,142 507, 558,945 410,014, 544 503, 435, 726 416, 926,770 545, 044, 462 427, 765, 507 538, 552,109 431, 557, 399 536, 422, 396 434, 097,823 555, 127,876 434,487, 640 565, 280, 784 426, 386, 664 555, 872,003 424, 728,450 552, 785, 919 429, 807, 547 547, 753, 580 431, 994, 765 528, 786,199 428, 263, 314 528, 924, 205 423, 338,113 523, 345, 401 423, 218, 457 515, 018,414 434, 701, 686 520, 784, 873 441, 875,108 542, 870, 686 445,383, 239 548, 581, 371 446,416, 251 556, 305,299 445, 920, 589 571, Oil. 981 442, 770,908 567, 814,780 446, 714, 423 561, 943,647 446, 702, 546 561, 329, 648 447,677,876 566, 206, 866 447,123, 424 550, 003, 079 446, 000, 805 547, 309,189 447, 715, 622 539, 541, 790 449, 809,170 532, 734, 728 451, 335,139 531, 507, 546 452,210,395 533; 556, 672 452,566, 774 530, 064,099 452,185, 214 532, 333,887 450,929, 985 524, 205, 867 445,733, 060 519, 284,960 516, 031, 549 448, 548, 318 446, 800, 251 509, 435,913 446,332, 683 496, 603,719 504, 520, 970 448, 919,176 549, 880, 417 450, 419, 508 563, 923, 708 452,196, 204 577, 010, 988 447, 888, 007 583, 221, 090 448, 752, 857 586, 014, 990 452, 389, 564 453,269, 979 604, 373,335 4.47, 005, 728 567, 766,112 445, 615,705 566, 408,805 567, 885, 382 442,560,846. 442, 086, 413 566, 173,701 564, 218, 399 439, 856, 900 436, 519,102 565, 050, 806 563, 076, 555 433, 702, 080 564, 916, 687 435,177, 330 443, 041, 730 564, 433,449 447,829, 970 524, 715,080 451, 373, 916 538, 863,285 558, 837, 220 451, 038, 960 444, 051, 331 520, 075,869 441, 406, 372 528, 337,088 531, 862, 534 437, 537, 659 436, 281, 990 532, 309,999 528, 656, 626 434,152, 228 431, 934, 632 533, 896,189 528, 868, 742 432, 634, 332 520, 529, 601 436,447, 262 446, 990, 907 525, 599,252 455, 643, 087 530, 486, 083 460, 032, 725 534, 664,986 459,700,260 Total. $527, 349, 251 $1, 435, 784, 284 524, 748, 290 1,425, 359, 301 526, 098, 765 1, 437, 099, 522 524,793, 969 1, 437, 470. 094 519, 860,445 1, 430, 815, 326 516,273,649 1,429, 496,191 514,005,113 1, 431, 578, 602 515. 554, 731 1,435, 917,227 1,497,804,599 524.994, 630 1,498,852,407 528,742,899 1,504,497, 238 533, 977, 019 1, 528, 736, 268 539,120, 752 1, 525, 438, 060 533, 770, 612 1, 518,198, 969 537, 598, 516 1, 529, 810,464 547,216,998 1, 529,125,103 549,376,758 1, 503, 891, 888 546,842, 375 1, 499, 726, 795 547.464.477 1, 499, 647,492 553, 083,634 1, 505, 931, 943 556, 211, 843 1, 530; 531,476 567, 871,495 1,564,492,161 ^ 576, 238, 236 3,577,262,070 582, 264, 448 1, 588,781,729 586,755, 841 1, 603, 855,128 590, 072, 239 1, 609, 558, 892 595, 029, 689 1, 608, 641, 520 599.995, 327 1,613,572,244 604, 564, 720 1, 620, 010, 229 606, 679, 939 607, 003, 454 1, 603, 073, 338 606, 924, 514 1, 601, 949, 325 1, 599, 256,584 609,905,624 611, 980,116 1, 596, 049, 983 622, 421, 794 1, 606,139, 735 628, 666, 820 1,614,790,260. 1, 610, 083, 874 628,434.561 624, 694, 567 1,607,958,439 629,716, 615 1,599, 655, 542 634, 687, 528 1, 602, 520, 806 636,196, 535 1, 599, 028, 335 640, 403, 305 1, 596,151, 901 1, 593,726,411 648,203,510 656,158, 539 1, 611, 099, 017 678,486, 050 1, 680, 562, 671 1, 701, 939, 918 690,128,203 692,780, 837 1, 718, 544, 682 1, 726, 994, 290 691,383,636 689, 733, 297 1, 729, 018, 266 1, 739, 783, 511 688,404,448 677, 293, 335 1,690,675,152 681, 745, 097 1,690,714,808 681, 822, 395 1, 691, 793, 990 609, 638, 800 I, 675, 669,401 1, 664, 061, 232 663,323,731 1, 657, 574, 239 658, 821, 353 1, 646, 071, 481 648, 417, 596 1, 655, 038. 982 647, 080, 565 1, 672, 093; 422 659, 830, 003 1, 637, 226, 451 661,137,449 1, 626, 568, 622 636, 066, 377 1, 613, 657,515 610,768, 964 1, 574, 534, 557 613,052, 316 I, 584,184, 424 618, 309, 677 1, 599,434,154 631,289,630 1, 606,179, 556 639, 717, 329 1, 604,131, 968 643, 540, 710 1,614, 533, 786 648, 003, 205 1, 603, 583, 028 638,267,1)24 1,585,593,509 618, 073,001 1, 598,859, 316 617,616,977 1, 594,195,479 603,676, 671 1, 579, 206,724 584.841.478 245. TREASURER. No. 49--7-ESTIMATED AMOUNT SILVER CERTIFICATES, Month. 1890—J'anuary . . . F'eoruary.. March April May June July August Septeraber. October November . December . 1897- - J a n u a r y . . . February.. March April May June July August September. October.... November . December.. 1898—January . . . February .. March April May June • July August Septeraber. October November . December.. 1890—January . . . February .. March April May June July August September. October November . December.. 1900—January . . . February .. March.-... April . May June July August September. October November. December.. 1901—January... February.. March . . . . . April .. May June July August September. October — O'F G O L D AND GOLD C E R T I F I C A T E S , AND NOTES AND CURRENCY CERTIFICATES, 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. 489, 489, 497, 498; 498, 484, 502, 517, 554, 554 555, 553 553, 554, 554 557, 556, 556, 558, 564, 576, 581, 584 588: 590: 618; 652, 085, 685, 694, 702, 730, 735, 727, 733 757, 734, 732, .741 , 745, 762, 778, 779, 804, 793, 785, 814, 822, 815, 829, 831, 829, 837: 855, 861 891, 885: 875, 882, 879, 876, 915, $452, 631 451,805, 4.54,795, 454,926, 450,387, 443,435 443,320, 458,885, 471,172, 477,139, 476,039 477,339, 478, 587, 479,797, 478, 779, 477, 708, 476, 082, 469,566, 468,725, 479,885, 492, 942, 496,468, 499,408, 503, 906, 497,950, 5C3, 579: 510,952; 515, 833, 512, 863, 512,242, 510, 407, 515, 488, 520,802, 523,493, 526,795, 528,143, 524,850, 528,679, 532,907, 534,186, 534,777, 535,926, 536, 774, 541,036, 542,954, 542,511 541,445, 542,112, 539,836, 544,035, 546,483, 550i528, 551, 781 551,222, 552, 857, 560,563, 570,874, 575, 895, .577,142, 581,705, 574, 034, 574, 854, 580, 359, 579, 673, 577, 688, 575,928, 577, 834, 582, 360, 588,^ 177, 598,923, S I L V E R AND ETC.—ConVd. $587, 978, 922 587, 909, 502 584, 682, 477 587,802, 585 572, 358,811 567,840,646 588,995,690 577, 420,784 593, 621,210 595, 377, 666 615, 058,803 617,253,127 634,335, 891 642, 036, 580 635, 638, 633 634,108, 697 626, 041, 252 620, 029, 542 621,444,304 626, 928,453 620, 900, 742 634,176,216 640,455, 608 633, 067, 618 643,961,309 632, 471, 846 626, 657, 407 637,937,078 641, 579,478 634; 412, 612 617, 851,382 610,442,161 637, 750,168" 657, 896,364 665, 816, 587 666,161, 208 663,382,930 664,890,580 667,191,248 665, 758, 653 663, 654, 804 661, 840,735 663,492,490 059,472, 542 660,533,556 658, 960, 753 658, 694. 442 659,185. 359 658, 982, 813 665, 296,174 688,'945, 327 6.95,933, 847 700. 232,278 695,728,163 704, 544, 056 705, 035,145 713, 263,132 725, 928,779 725, 669,859 729,566,180 725,503,626 729,872, 063 731,773,140 733,130, 497 727, 581, 890 725, 214, 094 725,717,601 726, 049, 356 730, 292, 861 731,840, 204 Total. 589, 720, 607 528, 742, 057 528, 629,463 540, 007,082 521, 584, 283 509, 725, 200 514, 903,142 539, 169,634 582, 302, 289 •627, 055, 614 646, 444,746 650, 223,400 665, 977,688 675, 694, 953 669, 000,694 666, 560, 383 659, 733,895 646, 028, 246 646, 471,139 665, 680,098 678, 840,538 • 706, 732,904 721, 084, 538 721, 100, 640 729, 991,228 726, 376, 659 756, 058,645 806, 761, 442 839, 898,256 843, 435, 749 809, 198,344 792, 096, 545 816, 596, 392 575,782 879,504301,412 260,557 842, 612 846, 942 867, 892 501, 009 484,239 117,204 131,141 703,186 716.148 528, 733 398,170 149, 355 931,791 274, 506 525, 463 687,871 425,496 353,408 683, 042 294,983 181,412 761, 367 251, 879 780, 213 609,144 243,580 304, 235 576, 890 266, 280 567.149 789, 824 188,491 300, 542 246 E E P O E T ON T H E FINANCES. N o . 5 0 . — C H A N G E S I N T H E VOLUME OF M O N E Y I N CIRCULATION, FROM INTERNAL E X P A N S I O N AND • CONTRACTION, AND FROM IMPORTS AND E X P O R T S OF GOLD, DURING EACH M O N T H , FROM J A N U A R Y , 1890. Month. 1890—January... February .. March April May June July August September. October Noveraber . ^ December.. 1891—January . . . February.. March April May June July August Septeraber. October . November. December . 1892—January... February... Marcu April May June July August September. October November. D e c e m b e r .. 1893—January... February... March April , May June July August September.. October N o v e m b e r .. D e c e m b e r .. 1894—January February... March..' April May June July • August September.. October N o v e m b e r .. December... 1895—January February... March April May June.July August Septeiuber.. October November .. December... Internal Internal N et imports N e t exports e x p a n s i o n . contraction. of gold. of g o l d . $4,914, 507 305,743 165,608 4, 285, 582 18, 838, 371 3, 967, 880 3,794, 249 16,153, 061 13,244,437 5,134,897 11, 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 11, 905, 506 9, 701, 048 1,144, 005 2,196, 403 1, 359, 249 5, 400, 659 669, 672 1, 222, 587 7,106,138 16, 088, 352 8,489, 768 5,764, 350 305,548 301, 414 9,110,185 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 2,634,080 1, 438, 565 723, 946 11, 596, 205 28, 841,125 16,135,164 15, 531, 845 4,309, 776 • 3,932, 276 11, 339, 035 5, 776, 401 40, 622, 529 5, 242, 083 1, 072,919 4,139, 832 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, 390 418,118 519,851 1, 507, 388 11, 787, 382 43,189, 961 5; 529, 577 13, 219, 969 3, 474, 209 4, Oil, 338 13, 697, 885 4,182, 417 1, 314, 910 $10, 424, f)83 $574,002 7,718 3, 345, 536 10, 664, 975 413,288 6, 647, 050 026,401 747, 386 749, 913 743,367 13, 342, 664 8,804, 351 Net decrease. $5, 513, 375 $10, 730, 726 11 574, 613 944,574 2, 12, 4, 60, :Net increase. 4, 067, 003 4,120,290 2, 029, 761 3, 271,193 1, 963, 750 11, 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 3,444, 842 .7,239, 091 4, 541, 566 11, 611, 495 13, 929, 798 685, 361 30, 368,112 25,233,215 15,539,494 4,165, 093 5, 633, 526 79,303 6, 284, 451 24, 599, 533 33, 960, 685 12,769,909 11, 519, 659 15, 073, 399 3, 680, 218 - 5, 703,764 3, 225, 550 917,372 7,034,782 4,930,724 3, 263, 063 6, 437, 985 16, 635, 477 16,936, 891 10,240,198 1,124, 013 5, 716, 699 2, 692, 741 2, 324,127 3, 206, 601 10, 089, 752 8, 650, 531 11, 339,189 4,106, 392 12, 213, 553 2, 725, 435 12, 988, 068 8, 302, 897 1, 504, 991 2, 865, 264 18,344,979 3, 492, 471 15,205,760 2, 876, 434 1, 701, 544 2, 425, 490 17, 372, 606 69,463, 654 21, 377, 247 16, 604, 764 8, 449, 608 1, 908, 300 2, 023, 976 573,790 10, 765, 245 1, 068, 335 49,108, 359 2,929, 241 39,656 9, 402,110 1, 079,182 23,124, 058 16,124, 589 22, 376, 872 11,608,169 12, 823, 572 G, 486, 993 1,935,303 10, 902, 758 8, 367, 501 17, 054, 440 34, 866, 971 9, 424, 439 10, 057, 829 24, 698, 489 12,913,307 39,122, 958 9, 649, 867 15, 249, 730 6,745,402 2, 047,588 3, 296, 067 10,401,818 15,133,175 10, 950, 758 16, 674, 609 17, 989, 519 76, 857 13,265," 807" 13, 468,188 4, 663,837 14,170,899 14, 988, 755 247 TEEASUEEE. No. 50; - C H A N G E S I N THE YOLUME OF M O N E Y I N CIRCULATION, FROM INTERNAL E X P A N S I O N AND CONTRACTION, ETC.—Continued. Month. 1896—January . . . February.. Marcli April May June July August September. October November. Deceraber.. 1897—January . . . February.. March April May June July August.... Septeraber. October Noveraber. Deceraber . 1898—January... February.. March *. April May Juue July August bejitember. October November . December . 1899—J anuary . . . February.. March . . \ . . April May Juno July August September. October November. December . 1900—January . . February.. March April May Juue July August Septeraber. October Noveraber . December.. 1901—January . . . February . . March April May June July August September. October Internal Internal N e t imports Net exports expansion. contraction. of gold. of gold. $10, 712,469 9,375, 389 293,653 5, 781, 686 580,155 179,495 034,575 135, 410 468, 303 617,395 569,611 509, 262 7,006, 357 2, 086,997 34, 098, 080 27, 617, 915 6,920, 829 2,161, 259 184, 677 208, 003 312,098 569, 643 079, 057 6,009,954 8, 905, 545 6,975, 335 4,867, 922 ' 6," 730,'314' 310, 815 816,152 013,939 852, 271 505,956 1, 520, 373 5, 830, 007 '7,'9i3,'266' 126, 075 681, 283 127,337 728, 248 35, 235,823 30, 241, 443 109,993 956, 759 497, 742 475,743 871,489 308, 084 2, 712, 569 037, 716 043,117 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 6,946,365 4,087,656 4, 273, 971 3,716,899 983, 234 590, 000 4. 860, 437 1,119,713 338, 998 811,510 217 530 262;539 6, 694, 259 2,440,311 6, 826, 488 13, 705, 649 442, 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 6, 020,950 21, 633,117 '23, 016, 770 1,367,035 11, 013,937 6, 572, 045 15,012,962 14,832,585 6,955, 860 1, 869, 437 4, 219, 014 22, 751,185 321,434 531,205 1,033,427 217, 564 9,100,131 6,841,102 5 421, 273 2,231, 586 687, 326 979, 028 924,234 057,385 115, 625 950, 045 191,476 18,422, 799 11, 859, 083 5,177,942 24,266, 492 43,132, 655 44, 753, 325 19, 389,132 3,778, 654 15, 754, 288 9,717, 265 18,156, 333 247,322 634, 438 1,450,116 5,460,289 876,050 379, 499 321.929 552, 673 936, 535 825, 297 970,399 $60, 978, 550 112, 594 2, 662,498 18,499, 415 6, 077, 397 10, 402, 213 ,040,117 76, 616 18, 342, 715 39, 250, 957 14,162,408 12,'262, 375 24,938,912 9, 338, 634 16,611,941 25,886,429 19, 579, 955 14, 490. 512 4, 663,142 17,528,334 15, 640, 394 2, 687, 707 8, 829, 044 9,464, 330 2,540,467 1,194, 825 4, 594, 739 1, 023, 756 • 1, 229,175 11, 505, 846' Net decrease. $10,513,883 $70,353, 939 406, 247 1, 522, 417 4,729,448 831, 570 809, 836 856,294 426, 630 Net increase. 2,412, 839 6, 542, 373 1, 685,421 171,069 3, 365, 564 3, 445,191 9,204, 928 10,727, 345 2, 581,162 7;310, 610 1, 530, 707 12, 300,869 8, 222. 675 29, 398, 667 .19,112, 051 248 E E P O E T ON T H E FINANCES. N o . 5 1 . — U N I T E D STATES NOTES AND TREASURY 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, DURING EACH M O N T H FROM J A N U A R Y , 1890. Month. 1890—January February... March April May. June July : August September . October November.. December.. 1891—January February... March April... — May June . July August . . . . Septeraber . October November.. , December.. 1892—Jauuary 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 June J u l y •August September . October November.. December . . 189.5—January February . . March April May June July August September . October November.'. December . . United States notes. $111, 10, 9, 513 19, 464 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 Q I 2 7 , 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, 076,934 104 3,073, 935 • 771, 757 1,189, 592 143, 512 262, 252 299, 523 295, 841 118, 624 10, 982,426 2, 266,042 6,072, 412 25,131,492 20,708, 864 13, 367,853 4,209, 031 636, 719 2, 542,133 7, 085,622 30, 819,283 43,415, 907 4,784, 495 809, 525 733, 747 . 734, 621 644, 620 3,122, 815 16, 218,814 17,119,018 1,849, 190 15, 616,951 19, 787, 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, 710 316, 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 1,158,465 197,135 432,880 217,120 221,895 237, 515 8, 210,730 1,194, 766 1, 594, 085 1,409, 670 1,461,401 555, 511 531, 560 300, 487 505,171 714, 614 1,087,599 1,702,455 776, 045 279, 590 284, 046 431,745 401, 575 704,175 345, 252 257, 670 317, 865 418, 400 424, 744 Imports of gold. $111, 295 10, 893 9,513 19, 464 30,164 11, 987 45, 220 19, 740 12,650 II, 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, 820 763, 059 406, 094 317, 966 312, 053 476, 200 732, 731 696, 726 622,123 2, 422, 526 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 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 13,923,375 4,741, 413 936, 518 3, 047. 890 7, 799, 747 31, 907, 221 45,117, 738 5, 560, 952 1,089,085 1,017, 571 1,166, 492 1, 046,196 3, 826, 795 16, 564,067 17, 377, 484 2,166, 883 16, 034, 590 20,212, 695 $1, 059, 837 1,476,433 1, 622, 432 478, 353 280, 902 385, 830 1,195, 054 1, 724, 565 1, 425, 632 2, 621, 638 I, 926, 401 6, 033, 013 1, 397, 918 565, 304 614,170 233,318 212, 648 282, 906 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, 041 591,359 494, 026 542, 440 333,282 1, 303, 536 3,118, 330 2,577,232 1, 540, 538 370, 843 1, 257, 539 6, 608,437 803,985 1,708, 557 1,009,682 5, 950, 613 41,572,031 6, 678,945 I, 583, 937 4,471,575 746, 245 705,647 2,140, 982 1, 091, 392 2,321,661 4, 282, 743 903,348 1, 406, 629 3,183, 348 655, 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, 391 571,451 1, 534, 086 749, 456 I, 797, 040 591, 309 1,310,448 E x p o r t s of gold. $460,969 1,170, 690 1, 456, 824 1, 052, 355 288, 620 3, 731, 306 11, 860, 029 2,135, 853 281, 627 425, 235 567,152 632, 354 728,246 4,030,146 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 0, 507,180 6, 309, 956 7,521, 823 3, 854, 222 17,129, 503 10, 782, 038 6, 049, 981 3, 627, 663 484, 250 • 1,138, 047 12, 879, 727 12, 584, 390 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 1, 082,814 428. 213 9, 802, 389 25, 929, 828 I, 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 14,059,497 15, 481, 347 249 TREASURER. N o . 5 1 . — U N I T E D STATES N O T E S AND TREASURY 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. 1896—January . . February . March...:. April May June July August . . . September October . . . Noveraber. Deceinber. 1897—January... February.. March April May Juno i July August . . . September October . . . November. December. 1898—Jauuary... February . March.-'-.. April May June July August . . . September October . . . November. Deceraber. 18D9—January... February.. March April May... June . July August . . . September October . . . November December. 1900—January... February . March. April May June July August . . . Septeraber October... November December. 1901—January.. February . March April . May June July August... September October... United States notes. $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, 444 594, 412 521, 355 679, 382 6,934, 575 . 8,044, 965 6, 594, 864 5,072,208 2, 875, 606 2, 598,140 2, 505, 376 I, 786,711 1, 815,734 Il 106, 548 1,407, 273 1,329,038 779, 668 268, 041 757, 367 3, 860, 995 552, 111 381, 082 313,242 501, 398 1,740, 945 2,556, 940 2,155,856 1, 600, 532 1, 255, 091 1,878,189 I, 848, 634 I, 576, 685 1, 390, 631 519, 640 651, 817 1,126, 580 1, 532, 984 2,300,389 1,478,556 980, 363 4,532, 390 • 7,100, 506 5.447,160 2,419,705 1,430, 235 999, 959 I, 523, 349 3,943,142 0 2, 330,402 7, 056, 430 1,488, 211 510, 777 833, 735 798, 285 442, 203 833, 420 2,141,675 760,705 2,333,095 Treasury notes. $762, 484 656, 325 475, 250 375, 900 332,947 297, 353 I, 009, 672 980,919 1,224,713 2,167, 003 925,261 273,402 351,656 402, 769 569, 947 567, 433 837, 635 518, 581 202, 935 240, 670 144,033 190, 925 323, 705 203, 665 103, 368 228, 5^0 254, 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, Oil 98, 440 304,128 891, 2^:4 111, 485 152, 200 540,435 1, 381. 545 .1,343,465 „ 219, 951 12, 030 1,560 7, 3.55 12,098 49,108 43,981 11,900 4,875 51, 790 21, 700 10,330 12,145 173,941 120, 307 76, 870 Total $16, 448,508 21,736, 876 6, 856, 546 7,130, 618 22, 039, 547 8, 261, 347 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 5, 275,143 3,116, 276 2, 742,173 2,696,301 2,110,416 2,019, 399 1,209,916 1, 635, 813 1, 583, 770 1,155, 907 548,997 903, 852 4, 091, 067 613, 762 443, 871 347, 578 653, 253 2, 674, 754 4, 227, 722 3,001, 905 2, 343,753 1,781,270 2,725,378 2,737,952 2,208, 091 2, 076, 548 1,105, 220 888, 828 I, 225,^20 1, 837,112 3,191,433 1,590, 041 1,132,563 5, 072,805 8,482, 051 6,788, 625 2,639, 656 1,442, 265 1,001,519 1, .530,704 3,955, 240 2, 379, 510 7,100,411 1,500,111 515, 652 885, 525 819, 985 452, 533 845, 565 2,315,616 881, 012 2,409, 965 Imports of gold. Exports of gold. $10, 367. 940 11, 559,089 677,733 1,119, 768 604,498 837,669 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, 343 592,197 4, 376, 395 4, 289,423 11,351,766 2, 545, 018 2,110, 013 5,716, 776 5, 329,109 30, 214,745 32, 345,138 13,118, 634 3,184, 774 2, 492,231 15,095,552 16,489,419 16, 302,457 4,716,737 8,165, 803 5, 843,107 4,843,933 2, 823, 934 2,145,718 2, 637,155 2,751,844 2, 357, 535 2, 731,270 2,069,111 5, 836, 791 1,136,960 4, 895, 241 1, 469, 508 1, 522, 940 I, 593,715 2, 994,496 3,105, 265 1,248, 866 5, 502, 373 2,439,432 3,490i 439 9,264, 260 10,330,082 2,941,880 3, 537, 217 1,426, 683 I, 705,444 1,437,176 870, 336 2, 700,412 1,228,544 2, 519, 063 6, 663, 865 5,493,864 $10, 566, 526 2,183,700 384, 080 3, 782,266 19,103, 913 6, 915,.066 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 5,460,119 1, 983, 588 142,922 311,071 699, 340 573, 538 2, 656,195 1,030,412 658, 834 1,323, 624 109,157 375.529 1,493,813 I, 955, 908 3, 099, 565 I,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, 502 260,930 11,851,101 5, 688, 522 1,403,506 1,062,510 1,963,069 12, 205, 396 8, 089, 968 3,270,787 18, 079,826 802, 7.32 435,236 665, 752 401,413 8, 200, 359 402, 927 476, 269 4, 882, 367 10,075,264 5, 281, 574 2, 759, 251 ,,. 106, 224 121, 492 3,808, 443 250 E E P O E T ON T H E FINANCES. No. 5 2 . — U N I T E D STATES NOTES AND TIIEASURY NOTES AND IMPORTS AND E X P O R T S OF GOLD, DURING EACH E E D E E M E D IN GOLD, FISCAL YEAR, FROM 1890. Fiscal year. 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 : 1901 -- . • United States notes. $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 28,037,501 23, 776,433 Treasury notes. $3,773,600 46,783,220 16, 599, 742 7, 570, 398 5, 348, 365 9, 828, 991 2, 696, 253 6, 997, 250 6, 960, 836 446,678 Total. $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 24,223,111 I r a p o r t s of gold. $12, 943, 342 18, 232, 567 49, 699, 454 21,1.74, 381 72, 449,119 35,146, 734 31, 7=20, 487 81,411,533 115,173,988 84, 280, 674 30,961,698 45, 445, 734 E x p o r t s of gold. $17, 274, 491 86, 362,654 50,195,327 308,680 844 76, 978,061 06,131,183 112, 309,136 40' 114 722 15, 324, 929 37, 507,771 48,218,168 52,968, 446 N o . 5 3 . — T R E A S U R Y NOTES OF 1890 ISSUED^ E E T I R E D BY E E D E M P T I O N IN S I L V E R DOLLARS, AND OUTSTANDING, TOGETHER W I T H THE S I L V E R I N THE TREASURY PURCHASED BY^ SUCH NOTES, FOR ISACH MONTH-. Month. 1890—August September . October — November.. December.. 1891—January — F e b r u a r y .. M a r c h .' April May June July August — September . October — November.. D e c e m b e r .. 1892—Jauuary February... March..'-... April May '. June July August September . October November.. Deceraber.. 1893—January.... February... March April :. May Juue July August September . October ..... Noveniber.. Deceraber . . 1894—January February... March April May June July August Septeraber . October Noveraber.. December.. 1895—January February... March Issued. $3, 009, 000 4,460, 000 5, 880, 000 5,309,800 4, 831, 700 4, 713, 500 4.346,700 3, 942, 500 . 4,038,000 3, 946,147 4, 551,070 4, 765, 618 4, 692, 000 4, 565, 095 4,474,140 4, 234,382 4, 367, 450 4. 225, 898 3, 083, 212 4, 365, 086 3, 626, 492 4,163, 296 4, 320, 085 3, 854, 099 3,816,467 3,101,698 4,126, 898 4,185, 480 3,948,910 3, 200, 866 3, 921, 304 3, 622, 295 3, 579, 030 4,120, 090 4, 000, 353 1, 096,121 2, 868, 877 1, 982, 616 1, 909,481 883, 680 Retired by redemptiou. Outstanding. $1, 273, 267 ' 545,534 493, 333 165,239 293, 478 - 89,243 69, 724 100, 807 87, 245 133, 330 95, 325 137,291 295, 757 542,102 468, 699 161,498 155, 339 72,190 46, 384 375,068 $3, 609, 000 8, 069, 000 13,949,000 19,258, 800 24, 090, 500 28, 804, 000 33,150,700 37,093,200 41, 731, 200 45,677, 347 50, 228, 417 54, 994, 035 - 59,686,035 64,251,130 68,725, 270 72,959, 652 77,327,102 81, 553, 000 85, 236, 212 89, 602,198 93, 228, 690 97, 391,986 101, 712, 071 105, 566,170 109, 382, 637 112, 484, 335 116, 611, 233 120, 796, 713 124, 745, 623 127, 946, 489 131, 867, 853 135,490,148 139, 069, 778 143.189, 874 147.190, 227 I48;^86, 348 149, 881, 958 151, 319, 040 152,735,188 153,453, 629 153,160,151 153, 070, 908 153, 001,184 152, 900, 317 152, 813, 072 152, 679, 742 152, 584,417 152, 447,126 152,151, 369 151, 609, 267 151,340, 568 150, 979, 070 150, 823, 731 150, 751, 541 150, 705,157 350,330,089 Bullion i u Treasury. $2, 029, 000 •4,178,113 10,185,076 12, 553, 676 ' 13,836,255 14, 964, 755 16, 289, 679 19,767, 201 21,783,770 23, 603, 733 26, 436, 577 31, 964,570 36, 545, 860 41, 017, 368 45, 315, 416 49, 347, 537 53, 476, 583 57, 410, 991 60, 785,156 65,092,103 68, 278, 595 73,933,891 76, 213, 601 79, 710, 809 82, 977, 276 85,402, 874 88, 859, 772' 92, 335, 252 96,105,162 98, 576, 028 102, 397, 392 106,179. 687 109,761, 317 113,744,433 117, 744, 621 118,890, 742 121, 759,619 123,787, 758 125, 797, 838 126, 816, 864 326,758,403 126,756,175 126,758,396 126, 757, 765 126, 757, 765 326,757,765 126, 757, 586 126, 333, 599 125,719,886 125, 215, 635 124, 615, 635 -.124, 624, 421 124, 420, 023 124,250, 981 124, 050, 981 124,185, 805 Dollars in Treasury. $1, 580, 000 3, 890, 887 3,763,924 6,705,124 10, 254, 245 13, 839, 245 16; 861, 021 17, 325, 999 19, 947, 430 22, 073,614 23, 791,840 23, 029,465 23,140,175 23t 233, 762 23,409,854 23,612,115 23, 850, 519 ^ 24,142, 009 24,451, 056 24, 510, 095 24, 950, 095 25,460, 095 25,498,470 25, 855, 361 26,405, 361 27, 081, 461 27, 751, 461 28,461,461 28, 640, 461 29, 370, 461 29,470,461 29, 310, 461 29, 308, 461 29, 445, 461 29, 445, 606 29, 395, 606 28,122, 339 27, 531, 282 26, 937, 350 26, 636, 765 26, 401, 748 26, 314, 733 26, 242, 988 26,142, 552 26, 055, 307 25,921,977. 25, 826, 831 26,113, 527 26, 431, 483 26, 393, 632 26, 524, 933 26, 354, 649 26, 403, 708 26, 500, 560 26, 654,176 26,144,284 251 TEEASUEEE. Sfo. S.afc.—TREASIIRY NOTES OF 1890 ISSUED, E E T I R E D B Y E E D E M P T I O N I N SILVER DOLLARS, AND OUTSTANDING, ETC.—Continued. Month. 1895—April. May June July August Septeraber . October November.. December .. 1896—January . . . February... March April May June July August September . October November.. December .. 1897—January February .. Marcli.. April May June July August September . Octobor 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 . Deceraber.. 1900—January . . . February . . March April May June July August Septeraber . October Noveraber.. Deceraber .. 1901—January February .. March April... May..:. June . . . . . . . July ^August..... September . October Issued. Betired by redemption. Outstanding. $745,618 $149, 584, 1,540,191 148. 044, 146, 088, 1, 955, 880 598,120 145, 490, 995,000 144,495. 829,000 143, 666; 2, 574, 000 141, 092, 1, 509, 000 139, 583. 1, 812, 000 137,771 447, 000 137,324 136, 719, 605,000 638, 000 136,081, 3,012, 000 133,069, 131, 385, 1,684,-000 129,683. 1,702, 000 1, 340, 000 128,343; 126, 741 I, 602,000 125,004; 1, 737, 000 123, 229, 1,775,000 121, 677, 1, 552, boo 119,816, 1,861, 000 I, 418,000 118, 398, 117, 550, 848, 000 419, 000 117,13i: 116, 696, 435,000 115,782, 914,000 114, 867. 915, 000 113, 914, 953, 000 112, 672. I, 242, 000 Ill, 334: 1, 338, 000 109, 313: 2,021, 000 107,793, I,520,000 1,445, 000 106, 348, 105,531 817,000 862, 000 104, 669, 1,054, 000 103, 615, 924, 000 102, 691 710, 000 101, 981 774, 000 lOi, 207, 994, 000 100, 213, 953, 000 99, 260, 98, 549, 711, 000 97,833, 716, 000 640, 000 97,193, 670, 000 96,523, 541, 000 95, 982, 471, 000 95, 511, 557, 000 94, 954, 436, 000 94,518, 493,000 94, 025, 507, 000 93,518, 438, 000 93,080, 504, 000 92,536, 1, 349,000 91,367, 1,339, 000 89, 828, 802,000 . 89,026, 706, 000 88,320, 449, 000 87, 871, 673, 280 87,198, I,823,000 85, 375, 2, 746, 000 82, 629, 3,189, 000 79,440, 3,413,000 76, 027, 2,489,000 • 73,538, 70, 388, 3.150, 000 2, 674, 000 67. 714 65, 503, 2.151, 000 2,115, 000 63,448, 2, 051, 000 61, 397 3,119,000 58, 278, 2, 321, 000 55, 957, 2, 076. 000 53,881 2,001,000 51, 880, 2, 096, 000 49, 784 2,001,000 47,783, 1,754, 000 46, 029, 1, 596, 000 44,433, I, 407, 000 43, 026, I, 592, 000 41,434, Bullion in Treasury. $123 987, 123, 870, 123, 858, 124, 001, 124, 001, 124, 001, 124, 001, 124, 001, 124, 001, 124 001, 122, 501, 121, 438, 120, 239, 119,295, 118 365, 117, 766, 115 450, 113, 572, 112, 059, 110, 876, 109,777, 108 488, 107 706, 106 733, 105 780, 104, 828, 103, 800, 104 261, 104 261, 104 161, 103 541, 102, 267, 101, 133, 100 261, 99,727, 98,802, 98 410, 97 503, 97 082, 96,839, 95 324, 95,101, 93,339, 92 384, 90 846, 90,129, 89 008, 87, 564, 86 501, 84, 778, 84 169, 83,917, 83,469, 82 862, 82, 123, 81,474, 80,778, 79,625, 78 270, 74 862, 72 709, 71 126, 69 873, 69 266, 67 873, 64 762, 62 022, 57 600, 56 937, 54 853, 53 790, 52 407, 50 769, 48 890, 46 789, 45 801, 44 426, 42 244, 41 306, Dollars in Treasury. .$25, 597, 166 24, 173, 568 22, 229, 688 21 488,- 518 20, 493, 518 19, 664, 608 17, 090, 608 15, 581, 608 13, 769, 928 13, 322, 928 14 217, 928 14, 642, 332 12: 829, 433 12, 089, 994 II 317, 582 10 576, 604 11, 290, 789 11 431, 862 11 169, 434 10, 800, 890 10: 038, 496 910, 164 9, 844, 048 9, 397, 977 10, 935, 503 10, 954, 029 10, 066. 6.57 II, 653, 204 9, 411, 204 8, 173, 254 7, 772, 254 5 526, 127 5, 214, 878 209, 477 941, 378 812, 819 280, 752 477, 855 124, 298 373, 589 935, 642 447, 528 49 5,317 808. 677 676, 846 852, 009 502, 287 389, 777 016, 352 246, 542 348, 6.^5 163, 098 046, 510 304, 623 704, 441 552, 231 543, 362 246, 140 9^7, 395 512, 382 91.9..597 313, 104 153, 103 271, 334 514. 221 953, 972 540, 128 847. 749 451), 082 424, 713 366, 274 473, 780 110, 494 893, 106 993, 503 227,,367 6,208 781, 231 127, 351 252 No. E E P O E T ON THE FINANCES. P 5 4 . — 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 N E W YORK DURING EACH M O N T H , FROM J A N U A R Y , 1890. Month. 1890—January . . . February .. March April May June July August September. October November . December.. 1891—January . . . February.. March • April May.. June July August September. October November . December.. 1892—January... F e b r u a r y .. March April May June July August September. October..., NoA-^ember . Deceinber.. 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. 0 D e c e r a b e r .. 1895—January . . . February... March April May Jurie July August September. October.' November . December.. Checks sent to clearing house. Checks received from c l e a r i n g house. 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: '366.35 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, 486, 266.76 7, 668, 010. 80 9, 806, .284.40 12, 736, 628. 26 I I , 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 11, 328, 222. 39 9, 980, 372. 21 8,191, 441.58 9, 850, 882. 24 11, 692, 043.79 11,559, 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 16, 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 9, 717, 241.20 7,151, 071.14 8,427, 679.95 $36,177, 804. 32 18, 020,397.17 32,065, 422. 90 27,869, 11L99 21, 869,115. 82 29, 050,033.4:! 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 23,811, 463. 68 30, 809,32L45 33, 251,399.39 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 22,756, 865. 43 16,953, 644.64 18, 898,002.76 IN Balances due Balauces due subtreasury. clearing house. $33,185. 09 277,014. 70 2, 556, 592. 67 103, 062. 35 39, 062. 54 629,'695.'25 533, 695.19 2,562, 623.47 150,048.75 1, 233,766.36 241, 501. 64 20, 701. 30 240,804. 20 19, 038.45 $27,129, 349.00 8, 494,066. 85 20, 646,121..57' 17. 329,484. 83 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 19, 880,286.67 22,262, 273.85 13, 490,649.14 15,416, 656. 63 26, 074,331. 98 14, 649,912.06 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 3,164, 920.24 15, 550,004.93 27, 741,438. 67 16,249, 291.78 13, 648,294. 08 25, 294,918.55 12,510, 087. 00 12, 886,439.48 18, 881,289. 01 13,518, 464.19 12, 937,710. 87 15, 541,124.17 7, 417,645.40 10,109, 734. 23 17,672, 613.31 11, 790,288. 29 11, 623,525.26 24,475, 063. 00 10,739, 397. 97 2, 002,981. 43 13, 211',975. 31 13, 633,198.37 10, 430,539.03 16,919, 024.47 11,102, 726. 80 5, 958,489.16 33,058, 662.68 9, 802,573.50 10, 470,322.-8I 253 TEEASUEEE. N o . 5 1 . — 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 A N U A R Y , 1890—Continued. Month. 1896—January... February.. March April May June July August September. October— November. December.. 1897—January... February.. March April May June July August — Septeraber October— November. December. 1898—January.. February. March April May June July • August — September. October — Noveraber. December . 1899-January... February. Maroh April , May Jurie July August... Septeraber October... November December. 1900 —January . . February. March April May June July August... September October— November Deceraber 1901—January . . Februa'ry.. March April May June July . August... Septeraber October... Checks sent to clearing house. $7, 433,301.21 8, 589,998.19 8,288, 894.19 6, 596,175. 83 6,355, 425. 64 6, 304,433. 66 10,195, 047. 52 11,198, 162.53 9, 335,484. 24 15, 634,665.17 11,111, 163.22 14, 224,516. 33 12, 241,179. 33 11, 950,116. 61 9, 582,136. 53 8, 088,623. 04 7,733, 129.47 8, 592,301. 09 II, 413,034.66 9, 599,221.32 9, 878,051. 51 9, 378,199.53 7, 324,827. 36 21, 934,834. 82 16, 884,185. 86 16, 028,499.87 12,768, 808. 99 17. 253,505.44 8, 248,475. 83 8,107, 996." 83 26,885, 820.61 14,521, 789. 77 11, 573,848.18 8,410, 838.76 12, 056,556. 33 14, 598,582. 85 le, 080,014. 53 16, 866,513.43 21, 989,847. 49 13,750, 145.14 12,444, 321. 09 14,490, 707.28 20, 063,951.00 16, 272,756. 67 15,256, 156.16 21,935, 137. 30 17, 733,963.81 16, 084,041.51 6, 887;638. 26 16,864, 457. 09 16, 951,605. 31 14, 837,015. 53 13, 661,875.73 14,015, 804. 53 16, 980,439.45 17, 691,I 4 L 3 2 18,611, 973. 88 23, 532,065. 85 18,759, 959. 89 17, 778.579.95 13, 048,733.12 19, 294.246.42 18, 971,279. 66 19, 267,076. 36 14,259, 141. 30 16, 802,058. 84 24,187, 227.14 20, 846,527.39 15,861, 973.28 22, 243,036. 82 Cliecks received from clearing house. $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, 838. 51 32, 722, 727.87 36, 226, 949. 27 20, 648, 392. 09 22, 457, 538.14 3 1 652, 853.70 23: 997, 167.10 27: 520, 885.76 39, 032, 417. 38 3 1 398, 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, 26,9. 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 46, 517, 40, 822, 580.77 36, 213, 581. 59 46, 026, 790. 79 29, 852, 041. 39 27 455, 211. 04 37 396, 193.13 32, 737, 964.47 32, 992, 728.25 43, 791, 921.61 39, 504, 233.78 38; 758, 061.42 44 009, 299.15 758.77 Balances due subtreasury. Balances due clearing house. $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, 111, 542. 70 9, 609, 324. 98 $479, 413. 88 13, 209, 136.05 370, 625. 74 1, 316,764. 78 11, 254, 963.21 350, 766. 92 12, 273, 925. 54 1,143, 980. 80 9,199, 600. 34 219, 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. 65 318,618.71 , 19,150, 737. 07 20,792.45 1 14,110, 249.20 . 118, 338. 74 i 8, 223, 039. 20 15, 861, 515.28 14, 565, Oil.15 18, 465, 632. 28 7, 677, 739. 23 7, 282, 565. 74 26, 625, 329.15 4, 415, 981. 40 9, 035, 873. 62 1,992,718.86 11, 681, 448. 01 2, 546,0.58. 68 16, 945, 406. 94 43, 853. CO 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 i 16, 034, 895.77 34, 068, 288.22 14, 797, 019.43 351.20 4^,030.72 15,123, 337. 132, 929. 53 34,859, 677. 88 1, 037, 430. 64 12,940, 208. 26 04 11,570, 510.95 6,370,710.01 17, 815, 948. 52 36, 604, 55, 454. 92 12, 696, 832.67 14,101, 744.39 234, 257.16 15,056, 442. 64 51, 239. 03 10,304, 433.47 660,304.43 17, 990, 832.89 475, 893. 75 19, 642, 978. 23 696,400. 56 17,786, 041.13 643,102i97 33,130, 243. 01 12,344, 247. 78 2,373,-218.96 14,274, 472. 32 508,135. 63 32, 912, 452.90 20, 562, 410. 04 17, 779, 568.68 23,736, 808.10 35, 083, 485. 01 434,949.33 17, 614, 725. 24 191, 695.17 23,177, 210.09 22,203, 582. 85 140,96L35 18,598, 835.72 163, 624. 88 32,977, 308, 27 2,807,449.31 13, 365, 413. 93 202, 803. 27 8, 686, 716.74 162, 306.96 18, 292, 195. 07 18,478, 586. 95 16, 365, 922.92 19,853, 793. 57 247, 786. 93 18,657, 534.03 141, 713. 32 22, 896, 325.87 193,105. 58 23,766. 721.95 254 EEPOET ON T H E F I N A N C E S . N o . 5 5 . — A M O U N T OF EACH K I N D OF M O N E Y U S E D IN SETTLEMENT OF CLEARINGH O U S E BALANCES AGAINST THE SUBTREASURY IN N E W YORK DURING EACH MONTH, FROM JANUARY, 1890. . Month. 1890—January . . . February.. March April May : June July August September. October Noveraber. December.. 1891—January... February.. March April...... May June July August September. October No.vember . Deceraber.. 1892—January . . . February .. March April May June JulyAugust Septeraber. October November . December . 1893—January... February.. Mai-ch A pril May .June Ji«i.y August September. October November . December . 1894—lanuary... February.. March April May June July August September. October Noveraber . Deceraber.. 189.5—January . . . February.. March April May June JulyAugust September. October November . December.. Gold Silver Treasury Gold coin. U n i t e d S t a t e s certificates, certificates. notes. notes. $4, 940,000 2, 475, 000 15,395,000 27, 645, 000 1.5,150,000 13, 570, 000 19,015,000 275, 000 $145, 349 112,067 1, 388,122 156,485 144,624 142; 618 143,239 144, 536 48, 856 49, 446 62. 265 15,528 2,722 281,196 473,206 101,186 1, 201,140 5, 556, 416 6, 302,199 3, 268,188 7, 714,207 4, 649, 224 2, 760, 239 1,969,387 2, 508,112 4, 958,197 4,017,422 4, 403,118 3,866,698 3, 466, 673 0, 813. 078 2, 990, 092 7. 600, 314 6, 460, 037 4, 410, 704 7, 382, 093 .12,827,950 1,121, 525 5,271,933 16, 440, 088 36,928,211 32,750, 040 1, 968, 450 98,140 149,765 41,384 967, 252 13,729 3, 336, 919 11,204,102 30,295,129 13,988,464 13,195,114 12, 914.123 15,173,678 7, 398 085 10, 090,104 17,647,123 11, 768,108 11, 612, 625 24,475,063 10, 739, 397 2, 002, 981 13,211,975 33,633,198 30,4.30,539 16i 919, 024 11,102,727 5.958, 489 13,058,663 9, 802, 573 10,470, 323 8, 382, 19,258, 17,173, 9,811 38,615, 26,996, 15, 488, 47,851, 14, 738, 7, 527, 15, 301, 18,937, 9, 999, 17, 863, 12, 958, 10, 260, 14,270, 5, 302, 3, 035, 6, 925, 12, 732, 8, 048, 10, 288, 19, 887, 4, 980, 4,243, 9, 643, 8, 464, 3, 749, i, 207, $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 1, 949, 000 3, 756, 000 6,621.475 8, 978, 400 1-2, 856, 795 3, 671, 000 15, 356, 890 10, 468, 270 6, 295, 570 6, 047, 235 4, 869,147 1, 047, 625 591, 780 . 5, 240 55,055 332,040 64, 565 2, 943, 000 1,030, 985 2,591,310 4, 892, 825 323,350 23, 588 367, 446 19,560 19, 630 25, 490 22,180 10,900 Total. .$27,129, 349 8,494,067 20, 646,122 17, 329, 485 9, 955, 624 18,757,618 27,139,239 15,924, 336 52,196, 356 18, 081,046 11,327,165 17, 622, 318 22, 605, 832 $53, 575 1 33,056,401 6,210 I 20,882,121 1,465 ' 15, 237, 797 545 13, 358, 875 24, 859,191 17,183,039 10, 766,143 19, 880, 287 22, 262, 274 13,490, 649 15. 416, 657 26, 074, 332 14, 649, 912 12,537, 027 17, 717, 868 15, 322, 417 17, 705, 793 22, 937, 7-53 15,106, 597 13, 358, 269 16, 762, 457 14, 788,179 16, 360, 493 29, 355, 745 16, 478, 415 15, 740, 203 22, 735, 658 22,975,446 17, 619,187 7, 956, 075 3,164, 920 15, 550, 005 27,743,439 16, 249, 292 13,648,294 25, 294, 919 12,510, 087 12,886,439 18, 881, 289 13, 518, 464 12, 937, 711 15, 541,124 7, 417. 645 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, 323 255 TREASURER. N o . 5 5 . — 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 O F CLEARINGH O U S E BALANCES AGAINST T H E SUBTREASURY I N N E W YORK, ETC.—Continued. Month. 1896—January — February.., March April . May JunOi July August September. October November . Deceraber . 1897—January — February.., March , April May June July August Septeraber. 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 Noveraber . Deceraber . 1900-January . . . February.. March April May Gold coin. .! $10,700,000 -: 15, 300, 000 ^2'' 180,000 • 1 1 , 070, 000 340,000 .! 15, 660,000 • I 15, 845, 000 -1 .33, 675, 000 890, 000 -! 14, 34, 620,000 12, 746, 000 11, 305, 000 1"',585, 000 36, 350, 000 12, 455, 000 13, 890, 000 14, 835, 000 • 7,515,000 • Jurie... July.. August....Septeraber. October — Noveraber . December . 1901—Jauuary — February . March April May , June July August . . . Septeraber 0, 650, 000 October United States Treasury notes. notes. $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 $1, 346, 067 4, 461, 729 4, 731,472 4,531,170 7, 203, 260 11, 765, 000 7,703, 020 16, 669, 969 12, 937,145 19,150, 737 34,110,249 8,223,039 15,861,515 14, 565, Oil 18,465, 632 26,625, 329 9, 035, 874; 11,681, 448 6, 245, 407 490, 545 7, 240, 052 2,148, 533 50, 000 1,537,071 374, 896 223, 288 122,019 233,151 239, 338 194, 677 205, 208 230, 511 2.54, 949 241, 833 211,744 221, 443 110,933 407, 913 5,478 6,041 2,170,143 82, 248 23, 472 19, 453 17,410 15, 569 18, 808 23,485 3.7, 725 23, 210 15, 583 18, 836 24, 308 17, 434 20, 717 21,195 25, 587 23, 923 24, 794 25, 534 16, 326 24, 722 Gold Silver certificates, certificates. $2, 678, 500 17, 582,920 19, 637, 500 17, 780, 000 30, 960,300 12, 262, 000 14,251,000 32, 893, 000 20, 545, 000 17, 764, 000 23, 718,000 35, 060, 000 17,597,000 23,154,000 22,188, 000 18,580,000 26, 303, 000 13,348,000 8, 666, 000 38,271,000 18,453, 000 16, 342, 000 19, 827, 000 18, 632, 000 22, 880. 000 21, 742, 000 Total. 082, 704 467,304 745, 565 474,061 019,177 744, 846 111,543 609, 325 209,136 254, 963 273, 928 199, 600 578, 394 193,201 7.34, 430 468, 020 669, 969 937,145 150, 737 110,249 223, 039 861,515 565, Oil 465, 632 625, 329 035, 874 681, 448 945, 407 790, 545 420, 052 268, 533 877, 071 034, 896 068, 288 797, 019 123,151 859,338 940, 677 570, 208 815,511 604, 949 696, 833 303,744 056,443 304,433 990, 833 642. 978 786,041 330,243 341,248 274,472 912,453 562, 410 779, 569 736, 808 083,485 614, 725 177,210 203, 583 598, 836 977,308 365,414 686, 717 292,195 478,587 365, 923 851, 794 6.57, 534 896, :{26 766, 722 256 N o . EEPOET 5 6 . — M O N T H L Y PERCENTAGE EECEIPTS OF EACH KIND Receipts. 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 December 1892—January February March April May June July August September October November December 1893—Januar3'^ February March Anril May June J u l y .-August September . . . October November December 1894:—January February March April May Jurie July August September October Noveraber Deceraber 1895—January February March.." April May June July August September . . . October . . : . . . November December — $15, 223,480 13,888, 075 12, 569, 867 13, 617, 857 10, 671, 516 14.492,128 17,173, 016 12. 978, 335 15,767,331 16.093, 061 10,154, 328 10,704,055 16, 794, 456 12,280,373 10, 520, 414 7,711, 917 7,449, 775 9,131.418 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 3.0, 633, 052 10, 296, 684 9, 756, 439 9, 299, 368 7, 703, 376 8, 819, 874 ON FROM THE CUSTOMS OF MONEY Gold coin. FINANCES. AT THE PORT EECEIVED, FROM Silver coin. United States notes. P e r cent. P e r cent. P e r 0.0 0.1 O.I 0.1 0.1 0.1 0.1 0.2 0.1 0.2 0.0 O.I O.I O.I 0.0 0.1 O.I 0.1 0.0 0.2 0.1 0.3 0.1 0.3 0.0 O.I 0.0 0.1 0.0 0.2 0.0 0.2 0.0 0.2 0.0 0.2 0.0 0.2 0.0 0.2 0.1 0.1 0.0 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 0.1 0.0 0.2 0.0 0.1 . 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.0 0.0 0.0 12.5 0.3 47.4 0.2 58.1 0.1 37.6 0.1 31.0 0.1 28.0 0.1 17.0 0.1 7.2 0.1 3.8 0.1 2.8 0.1 2.3 0.1 1.9 0.1 0.0 0.1 0.5 0.1 0.1 0.1 0.0 0.1 0.0 0.1 0.4 0.1 0.7 0.0 0.3 0.0 0.2 0.1 0.1 0.1 0.1 0.1 0.1 O.I 0.2 0.1 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 OF N E W Treasury n o t e s . "^ cent. P a r 4.6 3.0 2.7 2.7' 3.6. 2.7 2.5 3.0 1.9 2.1 2.9 3.0 4.1 5.0 6.0 7.2 15.0 44.6 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 51.9 52.8 46,4 42.1 33.3 28.0 41.0 26.2 53.0 55.6 37.6 16.3 20.7 16.3 11.6 1L2 20.5 33.4 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 YORK JANUARY, Gold certificates AND 1890. Silver certificates. cent. P e r cent. P e r 92.5 95.0 95.7 95.4 93.6 94.5 95.3 3.5 91.7 11.0 85 5 15.5 80 9 14.6 80 4 6.9 87.8 5.2 88.5 7.3 SLO 12.4 64.9 25.6 47.0 , 30.2 27.8 28.9 12.3 27.4 14.9 31.5 12.6 28.4 n.7 31.6 19.8 22.3 43.5 16.7 65.3 14.5 66.1 28.6 25.8 33.0 18.7 33.6 14.9 36.4 9.9 49.1 8.0 42.2 13.8 5L9 12.1 39.7 3.6 35.0 6.6 33.0 7.8 40.0 4.4 33.2 8.9 36.8 9.2 48.5 7.8 32.7 2.9 35.9 0.0 35.0 0.0 15.0 4.6 5.3 4.3 6.2 L7 10.2 0.1 6.4 0.4 8.1 Ll 1L8 0.6 15.5 0.5 15.2 0.1 9.6 0.0 7.0 0.0 7.6 0.0 17.1 0.0 21.9 0.0 31.8 0.0 14.0 0.0 0.0 13.1 6.2 0.0 5.0 0.0 5.2 0.0 2.1 0.0 3.4 0.0 8.7 0.0 3.4 0.0 L9 0.2 2.1 0.0 1.7 0.0 1.0 0.0 1.0 0.0 L8 0.0 cent. 2.8 L8 1.4 1.6 2.5 2.7 2.0 L7 1.4 1.3 . 1.7 .1.9 2.1 6.6 16.5 20.0 26.8 14.0 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 5L1 59.3 56.2 49.4 65.6 SLO 83.6 59.4 47.9 23.5 27.0 3L8 38.9 40.6 3L4 30.7 35.8 36.3 36.2 30.5 25.4 20.2 24.0 25.6 29.6 257 TREASURER. N o . 5 6 . — M O N T H L Y E E C E I P T S FROM CUSTOMS AT T H E P O R T O F N E W YORK AND P E R C E N T A G E O F E A C H K I N D O F M O N E Y E E C E I V E D , F R O M J A N U A R Y , 1890—Cont/d. Month. ] 896—January... February.. March April May June July August... September October . . . November. December. 1897—January... February . March April May June July August... September. October . . . November. December. 1898—January . . February . March April May June July August . . . September October . . . November. December. 1899—January... February . March April May June July August . . . September. October . . . November. December. 1900—January... February . March April M.&J Juno July Angust . . . September October . . . November December. 1901—January . . February . March April May Jurie July August . . . September October... FI 1901- Receipts. Gold Silver coin. com. P e r cent. 0.0 0.0 0.0 0.0 0.3 0.0 0.0 0.0 0.0 0.2 3.7 0.0 0.0 0.0 0.0 0.3 0.0 0.0 0.6 0.4 0.8 3.6 5.0 9.7 6.8 6.1 17.6 52.7 73.5 67.7 59.9 63.8 78.0 79.6 77.5 80.2 78.4 8L0 85.6 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 2.5 2.5 2.9 4.9 7.1 8.4 3.9 5.0 3.2 4.3 6.2 4 7 710,130 2.2 $10, 424, 267 10, 077, 426 9, 319, 874 7. 583, 921 7, 359, 996 7, 213, 357 8, 258, 485 8, 449, 638 7, 618,849 7, 163, 489 6, 645, 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 10, 602, 373 10, 577, 859 9, 164,193 8, 232, 713 9, 364,918 9, 960,211 10, 905, 996 • 11,Oil, 729 10, 188, 538 9, 981, 266 II, 583,844 12, 515, 437 12, 188,922 13, 546, 939 11, 624, 873 11, 681, 989 II, 294,484 11, 680, 582 13, 778,484 11, 727,242, 13, 261, 403 12, 677, 850 12, 780, 317 14, 807,667 13, 477,192 13, 914, 202 11, 891,826 10, 698,357 11, 324, 975 13, 434,985 12, 11, 464, 539 13, 792, 052 11, 413, 613 12, 846, 424 14, 444, 501 12, 890,029 12, 593,569 12, 892,441 13, 692, 915 11, 284,125 14, 226, 278 13, 151,128 13, 158, 807 15, 000,471 -17 United States notes. Treasury iiotes. Gold cerfcificates. Silver certificates. Per cent. Per cent. P e r cent. P e r cent. Per cent. 47.4 .0.0 49.9 2.7 0.0 53.4 43.8 0.0 0.0 2.8 65.4 0.0 33.3 L3 0.0 62.7 0.0 36.6 0.7 0.0 50.1 0.0 48.8 0.8 0.0 40.0 0.0^ 58.7 L3 0.0 53.146.2 0.0 0.7 0.0 70.4 0.0 29.0 0.6 0.0 73.8 25.8 0.0 0.4 0.0 65.4 0.0 0.4 0.0 .34.0 56.8 0.0 39.1 0.4 0.0 56.7 42.6 0.0 1 0.7 0.0 42.6 0.0 ' 9 . 2 0.0 48.2 36.2 0.0 20.2 0.0 43.6 5L7 0.0 27.5 0.1 20.7 48.0 0.0 0.0 28.8 22.9 46.3 0.0 13.6 0.0 40.1 6L6 6.2 0.0 32.2 0.0 68.8 0.0 2.7 0.0 27. 9 62.2 35.6 O.I L7 0.0 66.9 0.1 L8 0.0 30.4 67.8 0.0 0.8 0.0 27.8 63.0 0.0 1.7 0.0 30.3 60.0 0.0 . 0.8 0.0 29.5 54.1 0.0 0.0 : L2 37.9 63.6 0.0 29.1 L2. 0.0 60.9 21.2 0.0 0.3 0.0 33.9 0.4 0.0 0.0 33.0 15.3 0.0 10.7 0.5 0.0 17.7 14.3 0.0 0.3 0.0 22.6 0.4 0.0 17.1 0.0 17.6 0.0 i 0.3 0.0 18.3 0.0 11.8 0.3 0.0 0.0 11.5 0.3 0.0 10.6 1L6 0.0 1 0.3 0.0 8.7 0.0 ' 0.3 .0.0 10.8 6.9 0.0 14.5 0.2 0.0 5.9 13.0 0.0 1 0.1 0.0 4.4 9.8 0.0 1 0.2 • 0.0 4.2 0.0 0.0 9.8 1 0.1 4.9 IL3 0.0 0.2 0.0 4.9 0.2 0.0 11.5 0.0 5.3 9.3 0.0 0.1 0.0 3.7 0.2 2.0 5.8 0.0 2.7 5.7 0.0 0.1 12.3 2.8 0.0 0.4 57.9 8.1 1.9 0.0 0.0 71.7 1.8 L8 0.0 2.2 • 83.2 0.0 3.0 15.0 0.0 0.0 76.5 3.2 27.3 , 0.0 65.5 0.0 2.5 19.4 0.0 71.5 1 0.0 5.1 ' 0.0 82.5 7.8 0.6 4.1 i 0.0 78.2 14.8 0.0 4.4 17.0 0.0 0.0 7.5.3 6.3 1.3.4 0.0 1 0.0 78.5 12.1 0.0 0.0 73.5 1L3 3.9 0.0 9.6 82.8 0.0 6.9 2.4 0.0 0.0 88.2 5.1 3.9 0.0 88.5 0.0 5.1 88.9 3.1 0.0 0.0 9.9 0.0 0.0 76.9 •8.3 5.4 0.0 ; 0.0 79.9 7.6 4.9 9.6 0.0 1 0.0 77.1 9.3 3.4 0.0 ' 0.0 83.4 84.6 5.5 4.9 0.0 0.0 6.6 6.0 0.0 84.2 0.0 3.1 2.7 0.0 0.1 89.8 3.5 3.8 0.0 i 0.1 86.4 3.6 2.3 0.6 88.6 0.2 2.1 2.6 0 0 0.0 93.1 258 No. REPORT ON T H E FINANCES. 5>7.—SUBSIDIARY S I L V E R OF EACH DENOMINATION I N E A C H O F F I C E OF THE TREASURY AND M I N T J U N E 29,1901. Fifty . cents. Oflice. Twenty- Twenty five c e n t s . c e n t s . Ten cents. Five cents. Three Uncurrent. cents. Total. TREASURY. $416,810. 00 $138, 850. 00 $4.'40 175, 050. 00 207, 650. 00 22,450. 00 53,780. 75 231, 000. 00 148, 000. 00 86, 000. 00 . 92,000.00 606, 030.00 241,490. 00 '"'26.'00 NCAV O r l e a n s . . . 409, 000. 00 525, 000. 00 New York 45, 000. 00 489,000. 00 Philadelphia... 36, 780. 50 " " 6 . ' 2 6 S a n F r a n c i s c o . . 337,326.00 88, 300.00 St. L o u i s 73, 800. 00 Washington... Baltimore Boston Chicago Cincinnati $9, 345. 00 .$45. 50 27,100. 00 6,902. 90 1.55 39, 000. 00 44, 000. 00 15, 700. 00 'lo.QO 33, 000. 00 30, 000. 00 22, 045. 60 197.05 54, SOU. 00 $9.72 $167,176. 60 $732, 241.22 38, 891. 30 448, 691. 30 79, 440. 55 162, 575. 75 163, 562. 00 581, 562. 00 302, 915. 00 80, 915. 00 909,448. 69 46,168.69 321, 747. 55 1, 288,747. 55 79,0 fifiQ d l 156 869.41 15, 000.00 411, 355.35 133,492.00 3.50.392.00 MINT. Boise C i t y Carson City New Orleans... New York Philadelphia... San Francisco. 29.61 205, 000. 00 206.50 867, 000. 00 41, 415. 00 1,469.00 226,000. 00 300.00 865, 000. 00 186, 979. 00 T o t a l . . . . 3, .530, 587. 50 3, 286, 099. 25 i ^ o . 5 § . - -MiNOii :::::::: 29. 61 3, 523.90 915,461.47 731. 80 1,058, 663.51 3,132,190. 21 80, 361.45 581,820.85 2, 054. 90 241,000.00 225.30 341, 526. 70 273. 065. 40 243, 461.47 30.60 1,139, 765. 80 284.10 9.72 2, 585,779.14 10, 542, 556. I I C O I N OF ISACH DENOMINATION I N EACH O F F I C E OF T H E TREASURY AND M I N T J U N E 29, 1901. Office. F i v e cents. Three cents. Two cents. One cent. U n c u r r e n t . $120.00 $30. 00 $2, 410. 00 $18, 703. 49 6,850. 00 2, 858.19 3, 902. 38 10,174.43 4, 602.73 17,160.00 1,500.00 •7,580.62 1,102. 00 6, 542.91 45, 355.42 18,000. 00 18,919. 79 10, 000.00 3, 400. 00 932. 76 3, 347.70 8, 900. 00 $35, 679.49 15 958 19 17,211.81 79,712.73 . 14,780.62 14, 604. 91 113,355. 42 124,919.79 6, 971. 21 19, 297.70 33.56 33 56 72, 629. 56 121, 518. 84 515 154 99 Total. TREASURY. Washington Baltiraore Boston Chicago Cinciunati New Orleans New York Philadelphia San Francisco St. L o u i s $14; 416. 00 6, 250. 00 3,135.00 57. 950. 00 5, 700. 00 6, 960. 00 50, 000. 00 96, 000. 00 2, 638. 45 7, 050.00 .. . MINT. New York Philadelphia Total 52, 503. 00 1 302, 602. 45 20,126.56 120.00 30. 00 . 90, 883. 70 259 TREASUBBB. N o . 5 9 . — S H I P M E N T S OF S I L V E R COIN FROM EACH O F F I C E OF THE T R E A S U R Y AND M I N T , FROM J U L Y 1, 1885. = . D u r i n g fiscal y e a r 1901. Total to J u n e 30, 1900. Office. • Suhsidiary silver. Standard dollars. T o t a l for y e a r . Total to J u n e 30, 1901. TREASURY. Washington Baltimore Boston Chicago Cinciunati New Orleans New York Philadelphia San Francisco St. Louis $20, 060, 046.74 $1, 398, 438. 00 5,512,283.48 119, 800. 00 50, 057,185. 65 1, 550, 500. 00 8.740,861.00 116, 200, 765. 68 4, 008, 964. 00 55, 543. 763. 01 8, 354, 305.00 63,432,026.92 58, 212, 706. 24 1, 341,499. 00 37, 320, 092.76 2, 346, 577. 00 34, 288, 536. 25 1,446,500.00 8,402,301.00 82,153,780.48 $347, 540. 40 342,395. 00 1,143, 940. 00 3,824, 380. 50 3,686,203.00 771,573.00 3, 456, 430. 50 2, 376, 756.90 1, 447, 790. 00 2, 785, 251. 75 $1, 745, 978.40 $21, 806, 025.14 462,195. 00 5, 974, 478.48 2, 694, 440. 00 52,751,625.65 12, 565, 241. 50 128, 766,007.18 5,695,167.00 61, 238, 930. 01 9,325,878.00 70,557, 904. 92 4,797, 929. 50 63, 010, 635. 74 4, 723, 333.90 42, 043, 426. 66 2, 894, 290. 00 37,182, 826. 25 11,187, 552. 75 93, 341, 333. 23 MINT. Carson N e w Orleans Philadelphia Sau F r a n c i s c o Total.. 653. 630. 00 53,996,119.35 23, 593, 342. 03 7, 264,490. 00 593,500.00 35, 274. 00 2, 067, 250. 00 825, 635. 80 2, 660, 750. 00 860, 909.80 653, 630. 00 56, 656, 869. 35 24,454, 251. 83 7, 264, 490. 00 606, 288, 768. 59 38, 338, 519. 00 21, 075,146.85 59, 413, 665. 85 665, 702,434. 44 M o . 6 0 . — S H I P M E N T S OF SI»LVER C O I N FROM THE TREASURY O F F I C E S AND M I N T S DURING EACH F i S C A L Y E A R FROM 1890, AND C H A R G E S THEREON F O R Tl^ANSPORTATION. Standard dollars. Fiscal year. 1890 1891 1892 1893 1894 3895 3 896 3897 3898 1899 1900 1901 $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 38, 338,519. 00 .. Suhsidiary silver. Total. Hate per $1,000. Charges. $9, 405, 227. 50 $36, 688, 685.40 40, 897, 929. 30 11, 598. 692. 10 38, 885, 066. 46 14, 270,479.51 31,957,903.90 39, 056, 486. 55 33. 798, 387. 58 9,281,407.08 39; 040, 584. 27 11,885,117.47 12, 458,107. 03 40, 870, 407. 38 41,629,990.39 12, 029, 955. 29 48,600,835.24 15, 330, 205. 24 50, 323, 798. 65 17,038,536.65 55, 992, 694. 35 19, 707, 902. 55 59, 413, 665. 85 21, 075,146. 85 $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, 969.37 125,742. 99 $1.99 1.89 1.96 1.84 I 98 2.01 1.93 1 96 2.26 2.22 2.25 2.12 M o . 6 1 . — N U M B E R O F NATIONAL BANICS W I T H SEMIANNUAL D U T Y P A I D , B Y F I S C A L YEARS, AND N U M B E R OF D E P O S I T A R I E S W I T H BONDS AS S E C U R I T Y AT CLOSE OF E A C H FISCAL YEAR.. N u m h e r Bonds held held Semiannual N u m h e r t oBjpnds s e c u r e cir- d u t y collected. of deposi- t o s e c u r e of b a n k s . culation. taries. deposits. Fiscal year. 1890 1891 1892 1893 1894. 1895 1896 1897 1898 1899 1900 1901 .". 3,508 3,675 3,765 3,846 3,797 3,767 3,737 3,615 3,634 3,599 3,822 4,187 $145, 228, 300 142, 508, 900 163; 190, 050 176, 588, 250 201, 691, 750 207,680, 800 228, 935, 9.50 230, 471, 550 220, 201, 400 229, 688,110 284, 378, 040 326,119, 230 $1, 254, 839. 65 1, 216,104. 72 1, 331, 287.26 1,443, 489. 69 1, 721, 095.18 1, 704, 007. 69 1,851, 676. 03 2, 020, 703. 65 1, 901, 817.71 1,991,743.31 1,881,922.73 1,599, 22 LOS 205 185 159 160 155 160 160 368 172 357 442 448 $29, 713, 000 26, 349. 500 15, 852, 000 15, 247, 000 14,736,000 15,278,000 16, 928, 000 16, 930, 500 30,851,500 78,564,540 107, 253, 580 105,765, 450 Total honds held. $174, 941. 300 168, 858,400 179, 042, 050 191, 835, 250 216, 427, 750 222, 958, 800 245 843 950 247, 402, 050 251, 052, 900 308, 252, 650 391, 631. 620 431,884, 680 260 REPORT ON T H E F I N A N C E S . M o . 6 2 . — A V E R A G E AMOUNT OF NATIONAL-BANK NOTES I N CIRCULATION, AND AMOUNT O F D U T Y P A I D THEREON, DURING T H E Y E A R 1901, B Y NATIONAL BANKS IN E A C H STATE AND T E R R I T O R Y . New Hampshire T o t a l of N e w E n g land States New Tork New Jersey Pennsylvania Delaware D i s t r i c t of C o l u m h i a T o t a l of E a s t e r n States - T e a r e n d e d J u n e 30, 1901. T e a r e n d e d J u n e 30,1901. Average a m o u n t of notes in circulation. Average a m o u n t of notes in circulation. D u t y paid on circulation. $5, 651, 321 4,369, 891 3, 684, 967 25, 667, 793 5, 225, 942 10,112, 301 $32, 607. 33 24, 445. 70 25, 964. 66 135,789.69 28,621.11 54,433. 86 54,712, 215 301, 862. 35 50,837,172 8,012,466 41,850, 767 853, 296 6, 430,156 I, 224, 086 North Dakota 257,042.50 41,945.46 1 S o u t h D a k o t a 225, 229. 08 N e h r a s k a 4, 602. 28 K a n s a s 32,628.10 Montana 6, 620. 50 W y o m i n g . . . . . . . . Illinois $15, 328, 359 5, 058, 388 ' 4,295,080 3, 712,443 7,421, 814 11, 975, 087 Wisconsin Minnesota Iowa Missouri T o t a l of Middle S t a t e a N e w Mexico T o t a l of S o u t h ern S t a t e s Ohio Indiana $81, 29, 20, 19, 40, 61, 933. 68 591. 95 914. 61 458. 68 637. 82 599. 68 73, 689, 649 411, 907.02 559, 974 550, 801 4,148, 004 4,290, 649 828, 437 413, 261 3,185, 306 466,896 430, 278 521, 947 2,907. 27 3, 025. 31 21 636 47 22,043. 63 4,482. 25 2,157. 96 16, 282. 52 2, 706. 77 2, 482.30 2, 961. 90 15, 395, 553 80, 686. 38 974,639 989,233 4,438, 797 189, 214 1, 086, 342 20, 500 178,460 5, 706 38, 385 4, 947. 50 7, 625. 85 22,750 46 1, 374.31 5,474. 69 102. 50 889. 06 28.53 191.93 109,207, 943 568, 067. 92 3, 663, 870 2, 231, 686 1,574, 415 I,454,158 2, 504, 503 659, 477 I, 846, 860 767,665 2,084,322 7,751, 318 296, 378 7,961, 067 3,349,479 18,432.19 13,019.52 9, 681. 86 7, 435. 98 12, 073.13 3, 582. 04 9, 969. 30 4,150.82 9, 509. 90 ,41,380.09 1, 518.14 44, 339. 51 18, 420.10 36,345,198 193,312.58 T o t a l of Pacific States 7, 921, 276 43, 384.83 21,455, 561 4,442, 917 123, 060. 09 34,710. 51 T o t a l of U n i t e d States 297, 071,834 1, 599, 221.08 Indian Te ritory West Virginia N o r t h Carolina South Carolina Georgia Florida Alahamia M-ississippi Louisiana.. Texas Arkansas Kentucky Tennessee..... J D u t y paid on circulation. T o t a l of W e s t , e m States Washington Oreffonl California ......... Idaho Utah Nevada Alaska Hawaii M o . 6 B . — R E C E I P T S AND DISBURSEMENTS OF P U B L I C M O N E Y S THROUGH NATIONALB A N K DEPOSITARIES; BY FISCAL Y E A R S FROM 1890. Fiscal year. Receipts. 1890 1891 1892 1893 1894 - . . 1895 18961897 1898 18991900 1901 Mo, $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. 56 313,373,160. 38 F u n d s transFunds transferred to h a n k s . ferred to T r e a s u r y hy hanks. $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. 85 125,443, 007.56 $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. 24 413,853, 457. 60 Drafts paid hy hanks. $20, 548, 812. 80 23, 386, 731. 89 22,162, 485. 24 22, 707, 590. 82 24, 265, 231. 27 23,3.86, 071.15 22,671,550.77 19, 350, 217. 54 22, 830, 954. 62 24, 560, 430. 04 22, 606.835. 39 24,141, 398. 97 Balance. $26, 994, 464. 70 21, 614, 450. 54 10,664,891.39 10,177, 287. 38 10, 638 528. 99 13,193,267.18 11, 630, 235. 80 12,376,919.43 34, 058> 462 19 70, 510, 088. 32 92, 836,133.10 93, 657,444.47 6 4 . — O L D D E M A N D N O T E S OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING J U N E 29, 1901. Denominatmn. F i v e dollars Ten dollars T w e n t y dollars Total Total issued. Redeemed during year. Total redeemed. Outstanding. $21,800,000 20,030, 000 18, 200, 000 $21,778,337. 50 20,030,015.00 IS. 187, 800. 00 $21, 662.50 19 985. 00 12,200.00 60,030, 000 59, 976,152. 50 53, 847. 50 261 TREASURER. M o . 6 5 . — F R A C T I O N A L C U R R E N C Y OF EACH DENOMINATION ISSUED, R E D E E M E D , AND OUTSTANDING J U N E 29, 1901. Denomination. Total issued. Redeemed during year. Total redeemed. Outstanding. Three cents F i v e cents Ten cents Fifteen cents Twenty-five cents. Fifty cents $601, 923. 90 5, 694, 717. 85 82,198, 456. 80 5, 305, 568.40 139, 031, 482.00 135, 891, 930. 50 $3. 03 25.10 540.50 30.15 927. 00 1, 053. 00 $511, 704. 63 3, 836, 050. 28 77,139, 667.83 5, 065, 399.14 134, 757, 017. 91 132,129, 889.70 $90,219. 27 1, 858, 667. 57 5, 058, 788. 97 240,169. 26 4,274,464. 09 3,762, 040.80 Total , Unknown, destroyed. 368, 724, 079.45 2, 578. 78 353, 439, 729. 49 32,000.00 15, 284, 349. 96 . 32, 000.00 353,471,729.49 15, 252, 349. 96 Net. 368,724, 079.45 M o . 6 6 . — C O M P O U N D - I N T E R E S T NOTES OF E A C H DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING J U N E 29, 1901. Total issued. Denomination. 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 hundred dollars One t h o u s a n d d o l l a r s Total M o . 6 7 . - -ONE AND T w o Total redeemed. Outstanding. $23, 285, 200 30,125, 840 60, 824, 000 45; 094, 400 67, 846, 000 39,420, 000 $130 200 200 100 $23,264,460 30, 093, 030 60, 760, 900 45, 061, 700 67, 834, 500 39, 415, 000 $20, 740 32, 810 63,100 32, 700 11, 500 5,000 266, 595,440 630 266, 429, 590 165, 850 Y E A R N O T E S OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING J ONE 29, 1901. T o t a l issue^l. Denomination. 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 . . . . Redeemed during year. . Total . . . Unknown, destroyed . . Net $6, 200,000 16,440, 000 20, 945. 600 37, 804, 400 40, 302, 000 89, 308, 000 Redeemed during year. Total redeemed. $120 100 "^ Outs"^anding. $6,193, 775 16,427,300 20,932,000 37, 788, 300 40, 300, 500 89, 289, 000 $6, 225 12, 700 13,600 16,100 1 500 19,000 211, 000, 000 220 210, 930, 875 10,590 69,125 10,590 211, 000, 000 220 210,941,465 58, 535 M o . 6 § . — 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 Y E A R N O T E S AND COMPOUND-INTEREST N O T E S , ISSUED, R E D E E M E D , AND OUTSTANDING J U N E 29, 1901. Class. I s s u e d during year. Total issued. Redeemed dur- Total redeemed. Outstanding. ing year. $60,030, 000.00 U n i t e d S t a t e s n o t e s . . . $91,680, 000 3,169, 545, 808. 00 $91, 680,000.00 447,435, 000. 00 28,244, 000. 00 T r e a s u r y n o t e s of 1890. 53,409, 490. 00 114,570,000 1,870,934,880.46 Gold certificates 200, 852, 000 2,124. 738, 000. 00 181, 853, 000. 00 Silver certificates 1, 473, 625,000. 00 3.705, 000.00 Currency certificates.. 368, 724, 079. 45 2, 578.78 Fractional currency 211, 000, 000. 00 •220. 00 One and t w o year notes Compound-inte r e s t 266, 595,440. 00630. 00 notes Total 407,102, 000 9,992, 628, 207. 91 $59,976,152. 50 2, 822, 864,792. 00 399, 652, 000. 00 1,581, 977,19L 46 1, 689,724, 000. 00 1,473, 625, 000. 00 353,471, 729.49 210, 941,465. 00 $53, 847.50 346, 681, 016.00 47, 783, 000. 00 288, 957, 689. 00 435, 014, 000. 00 266,429,590.00 165,850. 00 15, 252, 394.96 58, 535.00 358, 894, 918.78 8,858, 661, 920. 45 1,133,966,287.46 262 REPORT ON T H E FINANCES. M o . 6 9 . — 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 29, 1901. Redeemed to Redeeraed during Totalissued. J u n e 30,1900. year. Issue $140, 094, 750 299, 992, 500 331, 000, 000 199, 000, 000 July 17,1861..., August 15,1864 J u n e 15,1865 . . . J u l y 15,1865.... $140, 085, 350 299, 945, 600 330, 969, 550 198, 954, 650 $100 Total redeenied. $140, 085, 350 299, 945, 700 330,969,550 198, 954, 650 $9,400 46, 800 30,450 45, 350 1,955, 250 132, 000 970, 087, 250 I 969, 955,150 Total Outstanding. M o . 7 0 . — 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 THE FISCAL YEAR 1901, CLASSIFIED BY L O A N S . T i t l e of loan. 5 20s of 1862 Consols of 1865 Consols of 1867 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 l o a n of 1907 L o a n of 1904 Numher of coupons. 6 5 5 9 278 477, 902 63,383 T i t l e of loan. Numher of coupons. Lonn of 1925 L o a n of 1908-3918 C o n s o l s o f 1930 7-308 011864 a n d 1 8 6 5 . . . . 379,210 659,493 41, 311 3 $1, 607, 563.00 1, 736, 870. 55 196, 367. 25 7.30 1,421, 605 6,477, 754. 61 Amount. $12. 00 24.00 ' 12.00 i 22. 50 1,655.16 2, 273, 286.00 661,934. 85 Total.. Amouut. M o . "71.—CHECKS ISSUED FOR I N T E R E S T ON R E G I S T E R E D BONDS OF THE U N I T E D STATES DURING T H E F I S C A L YEAR 1901. T i t l e of loan. F u n d e d loan of 1907 L o a n of 1904. S p a n i s h i n d e m n i t y certificates L o a n of 1925 Loan of 1908 1918 . Consols of 1930 Consols of 1930 (coupon honds) Numher. . . . . . •. • Total Mo. Amount. 90, 304 6,393 82 15,298 119,392 17,594 180 $10, 685, 446. 00 929, 480. 91 28 500.00 4, 871,153. 00 1,579 889 85 7,441,011.25 28, 352. 00 249, 243 25, 563, 833. 01 7 2 . — I N T E R E S T ON 3.65 P E R CENT BONDS OF THE D I S T R I C T OF COLUMBIA P A I D DURING THIC FISCAL Y E A R 1901. W h e r e paid. Treasury United States, Washington Subtreasury United States, N e w T o r k Totd : :. Mo. Coupons. Checks. $5, 073. 50 26, 969. 85 $20, 805. 00 464, 937. 00 $25, 878. 50 491,906 85 32, 043. 35 485,742.00 517, 785.35 7 ' d . — B O N D S P U R C H A S E D DURING T H E FISCAL YEAR T i t l e of loan. F u n d e d loan of 1907 L o a n of 1904 L o a n of 1908-1918 . >... Total Coupon. Registered. Total. 1901. Principal. Interest. Premium. $537, 900 299, 550 61, 680 $12,445, 800 784, 750 229, 840 $12,983, 700 1, 084. 300 291, 520 $50, 859.46 5, 309. 78 1,118. 71 $1,724,473.33 93 816.68 24, 832. 76 899,130 13,460,390 14, 359.520 57, 287.95 1,841,120.77 263 TREASUREE. M o . ' ^ 4 . — R E F U N D I N G CERTIFICATES, CONVERTIBLE INTO B O N D S OF T H E F U N D E D L O A N OF 1907, ISSUED, CONVERTED, AND OUTSTANDING AT THE CLOSE OF EACH F I S C A L YEAR FROM 1890. H o w payable. Totalissued. Converted d u r i n g year. T o t a l converted. Outstanding. $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,i30 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 54,110 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, 012,75Q 2,010 39, 967, 620 45,130 58, 500 39, 954, 250 3, eio 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 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 58, 500 39, 954. 250 2,150 . 58,430 39, 921, 000 70 33, 250 40, 012,750 2,150 39,979, 430 33, 320 1890. To bearer -- -- T o t a l -. ^ 1891. To hearer Total 1892. To order To h e a r e r . . . . - -- - - Total 1893. To order To hearer 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 hearer Total 1899. To order To bearer Total 1900. To order To bearer - -- - Total -- 1901: To order To bearer , Total -- 264 Mo. REPORT ON THE 7 5 . — P U B L I C D E B T J U N E 30, 1900 T i t l e of loan. FINANCES. AND 1901, AND CHANGES D U R I N G T H E YEAR. Rate of interest. Outstanding J u n e 30, 1900. P e r ct. 2 4 4 5 4 3 2 $9, 853, 250. 00 $3, 700.00 355, 528, 350.00 35,470. 00 47,651,200.00 162, 315, 400. 00 128,843, 240. 00 307,125, 350. 00 138,815, 400. 00 Issued during Retired during year. year. Outstandiug J u n e 29, 1901. INTEREST-BEARING D E B T . 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 l o a n of 1907 . .... R e f u n d i n g certificates L o a n of 1904 L o a n of 1925 L o a n of 1908-1918 Con.sols of 1930 $9, 853, 250. 00 98,156, 000. 00 2,150. 00 25, 797,100.00 29, 221,820. 00 I, Oil, 352, 260. 00 138, 819,100. 00 163, 030, 320. 00 Total DEBT ON W H I C H I N T E R E S T HAS CEASED. $2.57,376, 050. 00 33, 320. 00 21, 854,100.00 162,315,400.00 99, 621,420. 00 445, 940, 750. 00 987,141, 040. 00 • Old d e h t L o a n of 1847 .... . . 6 5 Texan indemnity stock 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 h r u a r y , 1861 5 F u n d e d loan of 1881. . . F u n d e d l o a n of 1881, c o n t i n u e d Ore""on w a r d e h 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 n d e d loan of 1891 F u n d e d l o a n o f 1891, c o n t i n u e d 6 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 w o - y e a r n o t e s of 1863 6 Compound-interest notes 7.30s of 1864-65 Certificates of i n d e h t e d n e s s . . Teraporary loan 4 to 6 T h r e e p e r c e n t certificates - . . 3 f f f ^^ Total 151, 635. 26 950. 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 1, 000. 00 10, 000. 00 100.00 14, 000. 00 2,100. 00 7,100. 00 IOO. 00 200. 00 76,250.00 12,126, 600. 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. 00 500. 00 3, 000.00 5, 850.00 11, 852, 000. 00 100.00 100. 00 550.00 IOO. 00 11,887,300.00 1 13,302,920.26 151, 035. 26 950. 00 20,000. 00 2, 000. 00 215,850.00 15, 900. 00 20, 850. 00 19, 850. 00 73,950. 00 112, 800. 00 11, 050. 00 5, 000. 00 27, 950. 00 650.00 2, 500. 00 15, 050. 00 1, 600. 00 4,100. 00 100. 00 200. 00 70, 400. 00 274,600.00 2, 450.00 9,400. 00 31, 265. 00 27, 000. 00 165, 070. 00 122, 600. 00 3, 000.00 2, 850. 00 5, 000. 00 3.41.*^. 620. 26 ... D E B T BEARING NO I N T E R E S T . Old d e r a a n d n o t e s United States notes N a t i o n a l - h a n k n o t e s , rederaption a c c o u u t Fractional currency 53, 847. 50 346, 681, 016. 00 53, 847. 50 346, 681, 016. 00 18, 626, 437. 50 2, 578. 78 29,404, 309. 50 6,876,431.63 388, 761, 732.41 104, 562,868. 50 110, 309, 016. 28 383, 015, 584. 63 227, 797,179. 00 114,570, 000. 00 53, 409, 490. 00 416,015,000.00 200, 852, 000. 00 181,853,000.00 3, 705, 000. 00 3, 705, 000. 00 76, 027, 000. 00 28,244, 000. 00 288, 957, 689. 00 435, 014, 000. 00 723, 544,179. 00 315,422, 000. 00 267, 211,490. 00 771, 754, 689. 00 35,147, 878. 50 6, 878, 99,0.41 Total 9i, 680, OOO. 66 93, 680, 000. 00 12, 882, 868. 50 C E R T I F I C A T E S AND T R E A S U R Y NOTES. Grold certificates SilA^er certificates C u r r e u c y certificates T r e a s u r y n o t e s of 1890 Total 47, 783, 000.00 BONDS ISSUED TO P A C I F I C RAILROADS. C e n t r a l Pacific K a n s a s Pacific U n i o n Pacific C e n t r a l B r a n c h , U n i o n Pacific W e s t e r n Pacific S i o u x C i t y a n d Pacific Total Aggregate 6 6 6 6 6 6 3, 000. 00 5,000. 00 13, 000. 00 3, 000. 00 4, 000. 00 I, 000. 00 1 000 00 12' 000. 00 21, 000. 00 8, 000.00 13, 000. 00 2,136, 982, 091. 67 558,803, 968. 50 552, 446,126. 28 2,143,339,933.89 265 TREASURER. Mo. 7e. -PUBLIC DEBT Rate of interest. T i t l e of loan. INTEREST-BEARING J U N E 29, 1901, AND OCTOBER D U R I N G THE P E R I O D . Outstanding J u n e 29, 1901. 31, 1901, AND Issued during Retired during t h e period. the period. CHANGES Outstanding Oct. 31,1901. DEBT. P e r ct. F u u d e d loan of 1907 Refunding certiticates L o a n of 1904 L o a n of 1925 L o a n of 1908-1918 Consols of 1930 !• 5 4 3 2 Total $257, 376, 050. 00 33, 320. 00 2i, 854,100. 00 162, 315, 400. 00 99, 621, 420. 00 445,940, 750. 00 987,141,040.00 $1, 200. 00 $10,103, 800. 00 670.00 828, 650. 00 13, 757, 700. 00 1,428, 320. 00 1, 200. 00 26,119,140. 00 $247, 273, 450. 00 32, 650. 00 21, 025, 450.00 148,557, 700. 00 98,193,100. 00 445, 940, 750. 00 961, 023,100. 00 DEBT ON W H I C H I N T E R E S T HAS CEASED. Olddebt T^TTtoO L o a n of 1847 6 Texan iudemnity 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 I0-40S of 1864 6 Consols of 1865 6 Consols of 1867 6 Consols of 1868 6 L o a n of F e b r u a r y , 1861 5 F u n d e d loan of 1881 F u u d e d loan of 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 u 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 loan of 1891 F u n d e d loan of 1891,continued T r e a s u r y n o t e s of 1 8 6 1 , , 6 7 30s of 1861 O n e - y e a r n o t e s of 1863 T w o - y e a r n o t e s of 1863 5 Compound-interest notes 6 7 30s of 1864-65 Certificates of i n d e b t e d n e s s T e m p o r a r y loan ... 4to6 3 Three per'cent certificates... 1^ f I- Total DEBT B E A R I N G NO 153,635.26 950. 00 20, 000. 00 2, 000.00 215, 850.00 15, 900. 00 20, 850. 00 19, 850. 00 73,950.00 112, 800. 00 11, 050. 00 5, 000.00 27, 950. 00 650. 00 2, 500.00 15, 050. 00 100. 00 1, 350. 00 100. 00 1, 600. 00 4,100. 00 100. 00 200. 00 70, 400. 00 274, 600.00 2, 450. 00 9,400. 00 31, 265. 00 27, 000. 00 165,070. 00 122, 600. 00 3, 000. 00 . 2,850.00 5, 000. 00 1, 000. 00 4,100. 00 66, 500. 00 1,160.00 1, 415, 620.26 151 635 26 950 00 20, 000. 00 2, 000. 00 215 750 00 15, 900. 00 20, 850.00 19, 850.00 73, 950. 00 111, 450. 00 11, 050. 00 5, 000. 00 27, 950. 00 550 00 2, 500. 00 15, 050. 00 I, 600. 00 3,100. 00 100 00 200. 00 66, 300. 00 208,100 00 2,450. 00 9, 400. 00 31,265 00 27, 000.00 163, 910. 00 122, 600. 00 3, 000. 00 2,850. 00 5, 000. 00 74, 310. 00 1, 341, 310. 26 INTEREST. Old d e m a n d n o t e s United States notes National-bank notes,redemption account Total 53, 847. 50 346, 681,016. 00 33,320,000.00 33,120, 000. 00 53, 847. 50 346, 681, 016. 00 29, 404, 309. 50 6, 876,411. 63 6, 623,425. 00 4, 314, 715. 00 50.00 31, 713, 019. 50 6, 876, 361. 63 383, 015, 584. 63 39, 743,425. 00 37, 434,765. 00 385, 324, 244. 63 288, 957, 689. 00 435, 014,000. 00 50, 350, 000. 00 72,840,000.00 26,492, 600. 00 58, 206, 000.00 312,815, 089. 00 449, 648, 000. 00 6, 349, 000. 00 41,434, 000. 00 771,754, 689. 00 123,190, 000. 00 91, 047, 600. 00 803, 897, 089. 00 C E R T I F I C A T E S AND T R E A S U R Y NOTES. Gold certificates S i l v e r certificates . C u r r e n c v certificates T r e a s u r y n o t e s of 1890 47, 783, 666. 66 Total BONDS ISSUED TO P A C I F I C RAILROADS. K a n s a s Pacific U n i o n Pacific C e n t r a l B r a n c h , U n i o n Pacific S i o u x C i t y a n d Pacific 6 6 6 6 6 6 Total A2:s:ree:ate 1, 000. 00 12, 000.00 13, 000. 00 • 2,143, 339, 933. 89 162, 934, 625. 00 154, 675,815.00 1 000 00 12, 000, 00 13, 000. 00 2,151, 598, 743.89 266 Mo. REPORT ON T H E FINANOES. ' 7 ' y . — U N I T E D STATES BONDS R E T I R E D , FROM M A Y , 1869, TO J U N E 29, 1901. T i t l e of l o a n . L o a n of 1847 Uounty-land scrip L o a n of F e b r u a r y , 1861 Oregon w a r debt L o a n of J u l y a n d A u g u s t , 1861 5-20S of 1862 L o a n of 1863 5 20s of M a r c h 1864 .. . 5-20s of J u n e , 1864 5 20s of 1865 Consols of 1865 Consols of 1867 . . . Consols of 1868 Texan indemnitv stock L o a n of 1860 L o a n of 1858 . - . 10-40S of 1864 F u n d e d loan of 1881 F u n d e d l o a n of 1891 .. . "Funded l o a n of 1907 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, c o n t i n u e d F u u d e d l o a n of 1881 c o n t i n u e d . L o a n of J u l y 12, 1882 L o a n of 1908 1918 F u n d e d loan of 1891 c o n t i n u e d . B o n d s issued t o Pacific r a i l r o a d s : C e n t r a l Pacific ... ... . U n i o n Pacific K a n s a s Pacific Central Branch, Union Pacific.. W e s t e r n Pacific Sioux C i t y a n d Pacific L o a n of 1904 Total Mo. Rate of iuterest. P e r ct. 6 6 6 6 6 6 6 6 6 6 6 6 6 5 5 5 5 5 4* 4 Redeemed. Purchased. ,$47, 900 1,075 $10, 612, 000 7,798,000 256, 800 685, 700 12, 932,400 . 48, 776,700 430, 309, 400 57,155,850 4, 683,700 19, 854, 250 2, 382, 200 1,119, 800 43, 459,750 69, 867, 000 157, 696, 450 36, 023, 350 205, 270, 850 118,950,550 • 310, 089, 650 62, 846,950 4,.794, 050 37, 477, 600 232, 000 7, 022, 000 6, 041, 000 192, 457,950 72, 862, 300 43, 599, 000 80, 999, 200 143, 518, 200 207,136, 550 1, 418,850 al 127, 595, 600 37, 226, 200 109,154, 650 305,581,050 3 2 25,137, 600 6 6 6 6 6 6 5 25,885,120 27,224,512 6, 302, 000 I,600,000 1,970, 560 I, 628, 320 $27, 091, 000 386,566 12, 218, 650 9, 586, 600 8,703, 600 6, 568, 600 . 256, 650 13, 957, 000 2, 089,500 274,989,750 13, 231,650 292,349, 600 807, 760 0, 074, 600 2, 269,580, 837 Converted and exchanged. 804, 986,160 98, 879, 700 Total. $47, 900 1,075 18, 410, 000 942, 500 61,709,100 514, 556, 250 24, 537, 950 3, 882, .500 125, 545, 400 203, 306,400 332,925, 000 379, 505, 200 42,528, 300 232, 000 7, 022, 000 19, 998, 000 194, 547, 450 116, 461, 300 224, 517, 400 483, 545,150 127, 595, 600 50,457,850 401,504,250 305, 581, 050 99, 687. 460 25,137, 600 25, 885,120 27, 224, 512 6, 302, 000 1, 600, 000 . . 1,970,560 1, 628, 320 72, 071, 300 78,145, 900 832, 374,100 3,906,941,097 7 8 . — B O N D S AND OTHER SECURITIES R E T I R E D F O R THE S I N K I N G F U N D DURING T H E F I S C A L Y E A R 1901, AND TOTAL FROM M A Y , 1869. Title of loan. Retired during fiscal year. War-bounty scrip Loan of 1860 Loan of February, 1861 Oregon war debt $14, 000. 00 Loan of J u l y and August, 1861 5-20S of 1862.... "'"3,'666." 66' Loan of 1863 10-403 of 1864 : 5-20S of March, 1864 5-208 of June, 1864 5-20sofl865 Consols of 1865 Consols of 1867 Con sols of 1868 Funded loau of 1881 5, 850. 00 Funded loan of 1891 12, 983, 700.00 Funded loan of 1907 Loan of 1904 1, 084, 300. 00 Loanof J u l y and August, 1861, continued 500.00 Loan of 1863, continued Funded loan of 1881, continued Loan of J u l y 12,1882 291, 520. 00 Loan of 1908-1918 Funded loan of 1891, continued 21,705,250. 00 Treasury notes issued prior to 1846 Treasury notes of 1861 Teraporary loan certificates, act 1862 Certificates of indebtedness, act 1862 Certificates of indebtedness of 1870 One-year notes of 1863 100. 00 Two-year notes of 1863 100. 00 From May, 1869. Redeeraed. Purchased. Total. $175.00 $175. 00 10,000.00 • 10, doo. 00 3,000.00 $10, 612, 000.00 10, 615, 000.00 256, 800. 00 1, 300. 00 258,100. 00 78,450. 00 48, 776, 700. 00 48, 855,150. 00 30, 037, 400. 00 24, 029,150. 00 54, 066, 550. 00 22,100. 00 19,854, 250. 00 19, 876, 350. 00 691, 600. 00 691, 600. 00 361, 600. 00 361, 600. 00 11, 072,100. 00 18,356, 100.00 29, 428, 200. 00 1,982, 450. 00 16, 866, 150. 00 18, 848, 600. 00 48,166, 150.00 48, 231, 600.00 65, 450. 00 82,115, 600. 00 32,192, 300. 00 76, 700.00 2, 213,800. 00 2, 235,150. 00 21, 350. 00 25, 086, 000. 00 43, 599, 000. 00 68, 685, 000. 00 50, 718,150. 00 46, 274, 850. 00 96, 993, 000. 00 104,852, 550. 00 104, 852, 550. 00 6, 074,600. 00 6, 074, 600. 00 56, 633, 000. 00 56, 633, 000. 00 37, 220, 300. 00 37, 220, 300. 00 43, 709, 700. 00 43, 709, 700. 00 168, 692, 750.00 168, 692, 750. 00 291, 520. 00 291, 520. 00 25,137, 600. 00 25,137, 600. 00 110.00 110. 00 50.00 50.00 110. 00 110.00 1, 000. 00 . 1, 000. 00 678,000. 00 678, 000. 00 4, 440. 00 4,440. 00 I, 500. 00 I, 500.00 267 TBEASUEER. Mo. 7 S . — B O N D S AND OTHER SECURITIES R E T I R E D F O R THE SINKING F U N D DURING THE F I S C A L Y E A R 1901, AND TOTAL FROM M A Y , 1869—Continued. T i t l e of l o a n . F r o m M a y , 1869. Retired during fiscal y e a r . Redeemed. $550. 00 7 30s of 1861 7 30s of 1864 65 United States notes Old d e m a n d n o t e s National-bank notes Total Mo. 100. 00 2, 578. 78 5, 743, 569. 00 41,835,137.78 Total. Purchased. $24,470. 00 1,450. 00 10, 900.00 26, 239, 471. 30 29, 090, 564. 00 2,620.00 32, 037, 689. 50 $24,470. 00 1 450 00 10 900 OC 26, 2.39,471. 30 29, 090, 564. 00 2, 620 00 32,037,689 50 539, 351, 949. 80 $422,700, 820. 00 962,052,769.80 7 9 . — B O N D S CALLED, R E D E E M E D , AND OUTSTANDING J U N E 29, 1901. 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 r a 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 r a b e r 6,1873.. N o v e r a b e r 16,1873 . F e b r u a r y 1,1874... S e p t e m b e r 3,1874-. S e p t e m h 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 u n e 1,1875 J u n e 11,1875 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. Octoher 1 4 , 1 8 7 5 . . . . October 28,1875.... Total. F i v e - t w e n t i e s 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 h r u a r y 1,1876 F e h 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 1,1876... Decem ber 6 , 1 8 7 6 . . . D e c e m h e r 12,1876.. D e c e r a b e r 21, 1876 . J a n u a r y 6, 3 8 7 7 . . . . 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 u e 10, 1877 1. J u n e 15, 1877 J u n e 27, 1877 J u l y 5,1877 August.5,1877 Total. Call No. Amount called. Redeeraed during year. Total . redeeraed. 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 10, 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 11,550 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, Oil, 650 12, 801, 850 3, 024, 050 8,100 58, 046, 200 58,030, 300 15, 900 1, 974, 700 10, 032, 300 9,996,300 10. 012, 250 10, 053, 750 10, 008, 250 10, 026, 900 10,155,'l50 10,138, 300 9, 904, 300 10,041,050 10,003, 250 10, 048, 300 10, 005, 500 10, 019, 000 10,114,550 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 10, 018, 500 10,134,550 152,533, 850 152,513,000 1,600 2,100 2,000 1,000 1,100 550 3,200 9,100 1.100 1,100 800 1,500 500 1,500 1,000 500 20, 850 268 Mo. REPORT ON T H E F I N A N C E S . 7 9 . — B O N D S CALLED, R E D E E M E D , AND OUTSTANDING J U N E 29, 1901—Cont'd. Loan and maturity of call. Call No. Consols of 1865: August 21,1877.... August 28,1877.... September 11,1877. October 5,1877 October 16, 1877 . . . October 19, 1877 . . . Octoher 27, 1877 . . . November 3,1877 . . March 6,1878. July 30,1878 August 6,1878 August22,1878 . . . Septemher 5,1878.. September 20,1878. Octoher 11,1878 . . . October 17,1878 . . . October 23,1878 . . . Octoher 30,1878 . . . Novemher 5,1878.. November 7,1878.. Novemher 10,1878. November 16,1878. November 26,1878. December 4,1878 . . Decemher 16,1878 . Fehruary 16,1879.. February 27,1879.. March 9,1879...... March 18,1879 Amount called. $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, 950 202, 557, 800 73, 950 9, 981, 300 9, 883,450 10, 311,100 10, 002, 650 9, 386, 000 20, 096, 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 3,000 4,000 • 3,600 8,500 9,250 6,750 6,900 5, 200 3,050 3,500 309, 846,150 309,733, 350 112, 800 37, 420, 300 37, 409, 250 II, 050 10, 294,150 157,607, 600 • 24,575,050 10, 290, 950 157, 590,950 24, .575, 050 3,200 16, 650 192, 476, 800 192,456, 950 19, 850 202, 631, 750 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 96 Ten-forties of 1864: July 9, 1879 July 18, 1879.... July 21, 1879.... Total. Outstanding. $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 1,000 2,800 Total., Total. Total redeemed. $10,158,400 10, 015, 200 14, 995, 050 10, 000, 200 10, 000, 750 10, 004, 200 30,006,350 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, 006, 400 12,372,150 Consols of 1867: April 1,1879.. April 4,1879.. April 6,1879.. April 8,1879.. April 11,1879. April 14,1879. April 18,1879. April 21,1879. April 24,1879. April 28, 1879. M a y l , 1879... May 6, 3879... May 12, 1879-. MaV 17, 3879.. May 24, 1879.June4,1879... June 3 2,1879.. June 29,1879.. . July 3, 1879... July 4, 1879... Consolsof 1868: July 4,1879.. Redeemed during yiear. $1,000 1,000 10, 000 11, 450 4,350 4,850 6,300 1,650 II, 800 2,350 3,450 Loan of 1858: July 23, 1879. 100 260; 000 260, 000 Funded lean of 1881: May 21, 1881 August 12,1881.. Octoher 1,1881... 101 103 104 25,030,100 10,121,850 28,184, 500 25, 029,100 10, 097, 050 28,182, 350 1,000 24, 800 2,150 63, 336,450 63, 308, 500 27, 950 Total. Loan of July and August, 1861: July 1,1881 Loan of 1863: J u l y l , 1881. 12, 947,450 4, 687, 800 15, 050 4,100 269 TKEASUKER. Mo. "yd.-^BoNDS CALLED, R E D E E M E D , AND OUTSTANDING J U N E 29, 1901—Cont'd. Loan and maturity of call. Call No. Loan of July and August, 1861, continued : Deceraber 24, 1881 January 29, 1882 March i3, 1882 April 8, 1882 - May3, 1882 May 10, 1882 May 17,1882 June 7,1882 J u l y 1,1882 105 106 107 108 109 110 111 112 113 Total. Loan of 1863, continued: A u g u s t l , 1882 Septemher 13,1882 . October 4,1882 114 115 116 117 118 119 120 121 Total. Loan of J u l y 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. Novemberl, 1884... February 1,1886.... March 1,1886 April 1,1886 May 1,1886 June 1,1886 J u l y 1,1886 A u g u s t l , 1886 September 1,1886... September 15,1886. Octoberl, 1886 October 16,1886 No vember 1,1886.., Decemberl, 1886... Fehruary 1,1887... March 1,1887 April 1,1887... May 1,1887 J u l y 1,1887 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 Total.. Funded loan of 1891: Septemher 2,1891 , Bonds issued to Pacific railroads: January 16,1895 , November 1,1895 January 1,1896 , Februa'ry 1,1896 January 1,1897 January 1,1898 , January 1,1899 TotalFunded loan of 1891, continued: August 18,1900 , Aggregate . $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 Redeeraed during year. $500 121, 857, 650 Total. Funded loan of 1881, continued: December 23,1882 January 18,1883 , February 10,1883 May 1,1883 Novemher 1,1883 Amount called. $20, 031, 550 20,184,900 19,564,100 20, 546, 600 5, 086, 200 5,009, 200 5, 096, 550 15,109, 450 11, 227, 500 Outstanding. $100 "i,"666 '"566 121, 856, 050 1,600 15, 024, 700 16, 304, 000 3, 269, 750 15,024,700 16, 304, 000 3, 269, 650 IOO 34, 598,450 34, 598, 350 100 25, 822, 600 16,119, 850 15, 221, 800 15, 215, 350 30,753, 350 25, 821, 950 16,119,850 15,221, 800 45, 215, 350 30, 753, 350 103,132, 950 103,132. 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 30,208,850 10,047,850 10, 093, 000 10, 010, 250 10,151. 050 10,040, 8(X) 10, 050,100 10,330,750 10, 098,150 10, 000, 250 30,012,750 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, 000 151 152 153 154 155 156 157 Total redeemed. 5,850 200 25, 386, 600 70,400 '16,'666 4,000 2, 362. 000 639,000 3, 680, 000 4, 310, 000 9,712,000 29,902, 952 14, 004, 560 8,000 64, 610, 512 13,000 25, 364, 500 21, 705,250 25, 089, 900 274, 600 21, 747, 700 2,103,149,112 877,900 2, 362, 000 640,000 3, 680, 000 4, 320, 000 9, 712, 000 29,904. 952 14, 004, 560 64, 623, 512 2,104,027,012 4,000 1,000 '"2," 666 270 Mo. REPORT ON T H E F I N A N C E S . § 0 . — P U B L I C D E B T , EXCLUSIVE OF CERTIFICATES AND TREASURY N O T E S , AT T H E END OF EACH MONTH, FROM J A N U A R Y , 1 8 9 0 . Month. 3890—January... February . .M:arch April.-:.-. May June July August Septeraber October . . . Noveraber. December . 1891—January... February-. March April May June July August . . . Septeraber October - . . Noveraber. Deceraher . 1892—January... February.. March April May-. June July August - - . September. October . . . November. December. 1893—January... February.. March.-*... April May Juue ... July August . - September October - - November. December . 3894—Jauuary- -. February.. March April May. June" July August . . . September October . . . November. December . 1895—January-.. February.. March-."... April May June July August . . . Septeraber October . . . Noveraber. December. Interestbearing. Matured. , 345. 26 $740, 327, 450 $1, 841, I, 885. 26 735, 029, 520 1, 833, 723, 499, 020 1,833,, 105. 26 , 045. 26 719,178, 570 1, 826, , 165. 26 713,488, 580 1, 824, 1,835,, 805. 26 711,.313.1.10 , 135. 26 700, 799, 360 1, 803, V275.26 680,978, 020 1,777, , 985. 26 638, 688, 070 1, 750, 1, 635. 26 632, 283, 390 1, 708, , . 629,492, 590 1, 687,345. 26 !, 505. 26 619, 019, 740 1, 682, I, 695. 26 617,145, 750 1, 679, ., 865. 26 615, 501, 580 1, 671, ,135.26 613, 512, 780 1, 670, , 635. 26 610,773,520 1, 660, ,505. 26 610,529,120 1, 647, :, 705. 26 610, 529,120 1, 614, , 320. 26 1, 613, 610,529,420 , 770. 26 610, 529, 420 1, 611, , 290. 26 585, 024, 720 9,127, ', 230. 26 585, 026, 720 6, 209, », 770. 26 585, 026, 870 5, 279, , 340. 26 585, 026, 970 4, 633, , 900. 26 585, 027, 680 3,965, , 410. 26 585, 028, 080 3, 725, ., 670. 26 585, 028, 630 3,461, , 210.26 .585, 029, 030 3, 304, 585, 029, 280 3,167,, 345. 26 , 875. 26 585, 029, 330 2, 785, , 325. 26 585, 030, 380 2, 603, i, 765. 26 585, 031, 080 . 2,536, ,145.26 585, 031.170 2, 510, 585, 032,020 2,459,,555.26 !, 015. 26 585, 032, 980 2,432, ., 045. 26 585,033, 080 2, 385, , 755. 26 585, 033, 660 2, 357, i, 305. 26 585, 034, 260 2, 335, , 590. 26 585, 034, 260 2, 301, , 490. 26 585, 034, 810 2, 228, , 010. 26 585, 035,110 2,191,, 060. 26 585,037,100 2, 094, , 530. 26 585,037,440 2,081,, 540. 26 585, 037, 590 2, 045, :, 770. 26 585, 037,740 3,984,, 570. 26 585, 039, 040 1, 974, 0.26 585, 039, 220 1, 939, ,530.26 585, 039, 310 1, 913, , 630. 26 585, 040, 090 1,884,, 020. 26 625, 872, 000 1, 871, , 120. 26 634, 940, 930 • 1,864, , 030. 26 635, 041, 380 1,862,, 390. 26 635, 041, 840 1, 858, ., 240. 26 635, 041, 890 1,851,, 850. 26 685, 042,590 1, 840, , 750. 26 635, 042, 670 1,831, I, 030. 26 635, 042,810 1, 830, ;, 280. 26 635, 042, 860 I, 828, i, 930. 26 639,143, 030 1, 826, I, 800. 26 679,168,130 1, 825, 1, 690. 26 684,323,730 1, 792, I, 300. 26 685.043. 860 1, 779, \ 250. 26 713, 851, 960 1, 770, :, 660. 26 716, 201, 910 1, 754, :, 920. 26 716, 202, 010 1, 734, , 590. 26 716, 202, 060 1, 721, I, 650. 26 747, 360, 400 1, 699, ', 870. 26 747, 360, 610 1, 695, , 660. 26 747, 360, 820 1, 685, ,670.26 747,361, 560 1, 681, , 180. 26 747, 361, 960 1,676,, 510. 26 747, 361, 960 1, 674, United States National-hank notes and notes, redempfractional cur- tion account. rency. $353. 651, 590. 97 $67,195, 912. 75 353, 653, 202. 97 64,182, 864.25 62,140: 825. 75 353, 651, 202.47 60, 040:957. 25 353, 650, 008.47 58, 022,894.75 353, 649, 469.47 55. 619,359. 75 353, 648, 559.47 353, 648, 559.47 54, 20' 975.75 353 648, 559. 47 55, 059,296.75 353, 648, 559.47 56, 005,865. 25 353, 047, 675.47 54, 796,857. 25 353, 647, 675.47 52, 994, 622. 75 353 647, 675.47 51, 323, 030.75 353, 646, 525.47 49,107, 010.75 353, 646. 525. 47 47,165. 815. 25 353, 646; 395. 47 45,116; 485.75 353, 645, 240. 82 44,156, 999. 25 5^53, 645, 240. 82 42, 203, 360. 75 353, 644, 343.10 40, 018, 392.25 353, 644, 343.10 38,461 875.25 353, 644, 343.10 37, 372, 208. 75 353, 643, 355.10 36, 540. 138. 25 353, 643, 355.10 35,430, 670. 75 353, 643, 355.10 33,789, 991. 25 353, 642, 337.10 32, 679,299. 25 353, 642, 337.10 31, 350,376.75 353, 641, 397.10 29, 888,003. 25 353. 641, 397.10 28,894 830.75 353, 641, 397.10 28, 273, 515.75 353, 641, 397.10 27, 521, 231.25 353, 640, 126.12 26, 763, 509.25 353; 640, 126.12 26,105, 103.75 ?>53. 640, 126.12 26, 018,448. 25 3,53, 640, 126.12 25, 336,722.75 353, 640, 126.12 25,191 032. 75 353, 640, 126.12 24,137, 678.25 353, 640, 126.12 23, 46.6,501.75 353 640, 126.12 22, 771,492. 25 353, 640, 126.12 22, 272, 061.25 353, 637, 788.12 21, 854 580. 75 353, 637, 788.12 21, 506,675. 75 353, 637, 168.12 20, 887, 600. 25 353, 637, 168.12 20, 663!437.75 353, 637, 168.12 20, 364 878. 25 353, 637, 168.12 20, 239,960. 25 353, 637, 168.12 20, 727, 096.75 353, 637, 168.12 21, 295, 714. 25 353, 637, 168.12 20, 952, 547. 75 .353, 637, 168.12 908.75 353, 635, 445. 92 23, 015, 359. 75 24, 582. 353. 635, 445. 92 549. 25 3.'33, 635. 445. 92 25, 977; 602. 00 353 634, 520. 92 25. 957. 048. 50 353, 634, 520. 92 27, 019, 809. 00 353, 633, 000. 92 26, 381 685. 50 353, 633, 000. 92 26, 371 470.00 353, 633, 000. 92 26, 317, 592.55 353 633, 000. 92 26, 234 495. 50 353 633, 000. 92 27, 060,475.50 28,163, 564. 00 353, 633, 000.92 29, 487,449.50 353, 633, 895.92 29, 615,277. 00 353, 631, 895.92 353, 631, 895. 92 29, 301 473.00 353, 631, 280. 92 28, 155, 353, 631, 280. 92 27, 393,816. 00 353 631, 280. 92 27, ( 968.50 26, 205,181.00 353. 629, 980.99 353, 629, 980. 99 25, 359, 489.00 24. 568, 404. 00 353, 629, 980.99 353, 629, 980. 99 24,277 038.00 353: 629, 257. 64 23, 818,538. 50 23, 706,619.00 353: 629, 257.64 353: 629, 257. 64 23, 216,600.-00 22, 659,734.50 Total. 51,1 i, 016, 298. 98 1,154,:, 697, 472. 48 1,141,122,153.48 :, 695, 580. 98 1,134, 1,126,, 985,109.48 1,122,, 396, 834.48 1,110,, 459, 030.48 1,091 , 463,151.48 \ 093, 479.98 1, 050, !, 436, 557.98 1, 042, 1,037,, 822, 233.48 I, 672, 951.48 1, 025, l,02i , 578,981.48 •, 985,785.98 1, 017, ;, 945,776.48 1, 013, I, 234,395.33 1, 010, 1, 025, 226.83 1, 008; >, 806, 560.61 1, 005, :, 248, 958. 61 1,004, ;, 157, 742.11 1, 003, :, 335, 503. 61 I, 309, 976. II 977,,739,986.61 975,I, 981,946. 61 973,;, 986, 294.11 972,1, 282, 890. 61 971:., 026, 528. II 970,, 248,153.11 969:I, 359, 253. 61 968,!, 218,840. 63 967,•, 378, 935.13 967:•, 226, 419. 63 1, 518,164.13 966,1, 322, 734.13 I, 242, 799. 63 965,:, 524, 753.13 964,;, 803, 033. 63 963,;, 281,752.63 963,1, 828, 219.13 962,!, 407, 764.13 962;, 750, 888. 63 96i:, 431, 766.13 961, 121, 016. 63 961I, 960, 258. 63 960:., 386, 775.13 961., 946, 492. 63 96i:, 568, 316.13 961[,605.917.13 963:1,142, 525. 93 965:•, 356, 015.43 1, 007, 1,398, 098.18 1, 016, , 556, 979. 68 1, 0.17,,916,560.38 1, 016, s 897, 816. 68 1, 016, 1, 833, 911.18 1, 016, 1, 742, 013. 73 1,016,, 566, 336. 68 1, 017. 1, 667; 616. 68 1, 03 : •, 090, 525.18 I, 024, , 241, 275. 68 I, 064, I, 049, 573.18 1, 069, i, 610, 527.18 1, 068, , 647, 307.18 I, 096, , 657, 819. 68 1 , 773, 392.18 1,097.i, 913,120. 25 1,096:', 258,435. 25 1,127,i, 963,479. 25 1,126,;, 494, 999.75 1,126,, 379,106.90 1,126,I, 883, 997. 90 1,125,>, 325, 462.40 1,125, TREASURER. Mo. 271 8 0 . — P U B L I C D E B T , EXCLUSIVE OF CERTIFICATES AND TREASURY N O T E S , AT T H E E N D OF E A C H M O N T H , F R O M J A N U A R Y , 1 8 9 0 — C o n t i n u e d . Month. 1896—January... February.. Marcli April May June JulyAugust -- September October . . . November. December. 1897—January... February . March April May June July August ... September Octoher . . . Novemher. Decemher. 1898—January... February . March April May June July August... September Octoher... November December. 1899—January . . Fehruary . March April May June July August... Septem ber October . . . Noveraber Deceraber. 1900—January . . February . March April May June July August ... September October . . . November. Deceraher. 1901—January-.. February . March April . May June J'uly August September Octoher... Interesthearing. $747, 362, 820 822,615,170 837,404,140 842, 312,140 845, 488, 590 847, 363, 890 847, 364, 250 847, 364, 260 847, 364, 260 847, 364, 460 847, 364, 520 847, 364, 690 847, 364, 750 847,304, 950 847, 364,950 847, 365, 030 847,365,030 847, 365,130 847, 365, 320 847, 365, 540 847, 365, 540 847, 365, 560 847, 365, 620 847, 365, 620 847, 365, 810 847, 366, 680 847, 366, 680 847, 367, 010 847, 367, 410 • 847,367,470 847, 367, 730 922, 212, 800 990, 088, 600 1. 026, 766, 960 1, 036, 396, 630 1, 040, 215, 980 1, 040, 562, 030 1, 040, 735, 270 1,045,775.290 1, 046, 048, 680 1, 046, 048, 730 1, 046, 048, 750 1, 046, 048. 770 1, 046, 048, 850 1, 046, 048, 850 1, 046, 049, 020 1, 037, 049, 690 1, 026, 772, 320 1, 026, 863, 050 1, 026, 862,120 1, 026, 862,140 1, 026, 863,490 1, 026, 482, 990 3,023,478,860 1, 021,125,3.60 1, 001, 499, 260 1,001,499,260 1, 001, 499, 750 1,001,499,750 1, 001, 499,770 1, 001, 500, 260 1, 001, 500, 410 1, 001, 500, 410 995, 350, 380 992, 024, 480 987,141,040 985,476, 060 982, 640, 090 966, 966,120 901, 023,100 Matured. United States National-bank notes and notes, redempf r a c t i o n a l cur- tion a c c o u n t . • rency. $1, 673, 190.26 $353 628,, 352. 64 $21, 973,653.00 1, 637, 630. 26 353 628,;, 352. 64 21, 863,326. 50 1, 659, 530.26 353 628,:, 352. 64 21, 291,999. 00 1, 651, 790. 26 353 628,, 352. 64 20, 786,048. 00 1, 645, 970.26 353 628,:, 352. 64 19, 906,698. 00 1, 636, 890.26 353 626,i, 547. 64 20,102, 022. 50 1, 633, 640.26 353 626,,547. 64 19, 688,546. 50 1, 622, 960. 26 353 626,', 547. 64 19, 229,828. 50 1, 621, 790. 26 353 625,,867. 64 18, 845,768. 00 1, 607, 010.26 353 625,, 867. 64 18, 474,380. 00 ., 867. 64 1, 591, 620. 26 353 625, 18, 544,249.50 1, 383, 070. 26 353 625,S 867. 64 18, 876,333.50 1, 382, 930.26 353 625,>, 867. 64 20, 997,189. 50 1, 358, 210. 26 353 624,, 604. 64 23, 089.944.50 3,355, 760. 26 353 624,:, 604. 64 23, 662,492. 00 1, 353, 830.26 353 624,:, 604. 64 23,991, 184. 50 1, 348, 510.26 353 624,:, 604. 64 24, 459,719.50 1,346, 880. 26 353 623,:, 065. 64 24, 458,637.OO 1, 336, 340.26 353 623,;, 065. 64 24,138, 377. 00 1, 336, 280. 26 353 623,, 065. 64 24, 571,442. 00 1, 334, 570. 26 353 623,, 065. 64 24, 992,324. 50 1,331, 540. 26 353 623,i, 065. 64 26, 000,524. 50 1, 331, 280."26 353 622,;, 300. 64 27, 570,824.50 1, 330, 270.26 353 622,:, 300. 64 32, 268,146. 00 1, 328, 540.26 353 621,,635.64 33, 257,139. 00 1, 327, 670.26 353 621,,635. 64 33, 352,434.00 1, 283, 780. 26 353 620,, 615. 64 32, 612,218. 50 1, 280, 680. 26 353 620,S 615. 64 31,974, 968. 50 1, 264, 850.26 353 620,>, 615. 64 31, 275,699. 50 1, 262, 680.26 353 619,, 765. 64 30, 493,147.00 1, 260, 050. 26 353 619,, 765. 64 30, 677,676. 00 1, 259, 030. 26 353 619,, 765. 64 30, 266,206. 00 ,, 987. 64 1, 256, 790.26 30, 072,331.00 618, 353 1, 246, 870. 26 29,572, 380. 00 618,, 987. 64 353 , 987. 64 1, 241, 630. 26 618, 28, 593,029. 60 1, 237, 200. 26 353 618.1, 987. 64 28, 868,814.00 353 , 242. 64 1,237, 150. 26 31,792, 003.00 618,, 242. 64 1, 231, 670.26 353 31, 422,722. 00 1,219, 420. 26 353 618,, 234.16 32, 935,782. 00 618, 353 ', 356.16 1,238, 390. 26 617, 353, 34, 830,371.00 , 356.16 I, 218, 350. 26 617, 35, 591,064. 00 353 ,272.16 3,218, 300. 26 616, 35, 817,381. 50 353 i. 272.16 1, 215, 740. 26 616. 35, 551,056.00 i, 272.16 1, 215, 150. 26 353 616, 35,779, 355.00 353 , 272.16 1,215, 030. 26 616, 35, 721,240. 00 , 272.16 1, 210, 030. 26 353 799.00 .^53 616, 35,145, , 422.16 1, 209, 820. 26 34, 433,338.00 615, , 422.16 1. 208, 500. 26 353 218.00 615, 36, 299, 353 i, 422.16 i; 208, 410. 26 36, 440,318.00 1, 208, 000. 26 353 615,,421.91 340. 00 615, 35,563, 353 :, 318. 91 600. 26 37, 365,294. 50 1, 207, 170.26 353 614,,318.91 1,182, 880. 26 353 614,:, 318. 91 39, 259,654. 00 37,113, 151. 50 1,181, 320.26 353 614,, 853.91 35,147, 878. 50 1,176, 310. 26 353 613,, 853. 91 1,176, 960.26 353 613,;, 273.93 33, 290,751.00 9, 201, 220.26 353 613,,273.91 33, 374,308. 00 5, 516, 030.26 353 613,;, 273. 91 33, 732,795. 50 3,430, 410. 26 353 613,1, 273. 91 32, 864,298.00 3, 081, 070. 26 353 613,;, 273. 91 32,157, 2:J2. 50 31,531, 532. 50 2, 654, 190. 26 353 633,,273.91 2, 023, 690. 26 353 613,!. 325. 91 30,472, 127. 00 28, 991,227. 00 1, 830, 140. 26 353 612.;, 325. 91 28, 703,554. 50 I, 770, 840. 26 353 612,:, 325.91 28,738, 918. 50 1, 557, 120. 26 353 612,, 275.13 1, 456, 620. 26 353 611,, 275.13 27, 723,088.00 1, 415, 820.26 353 611,. 225.13 29,404, 309.50 1, 400, 620.26 353 611., 225.13 28,691, 234. 50 I, 393, 560. 26 353 611,, 225.13 28, 676,186. 50 1, 343, 310. 26 353 611,, 225.13 29, 595,339. 00 I, 341, 611, 31, 713,019.50 353 Total. $1,124, 638, 015.90 1,199, 774,479.40 1, 213, _ ,001.90 1,218, 378, 330. 90 1, 220,669, 610. 90 1, 222,729, 350.40 1,222, 3.12, 984. 40 1, 221,843, 596.40 1, 221,457, 685.90 1, 221,071, 717. 90 1, 221,126, 257. 40 1,221, 249, 961. 40 1, 223,370,737.40 1, 225,437, 709. 40 1, 226,007, 806.90 1,226, 334, 649.40 1, 226,797, 864.40 1, 226,793, 712.90 1, 2-26,463,102.90 1, 226,896, 327.90 1, 227,315, 500. 40 1, 228,320, 690.40 1, 229,890, 025.40 1, 234,586, 336. 90 1, 235,573,124.90 1, 235,668,419.90 1, 234,883,294. 40 1, 234,243,274.40 1, 233,528, 575. 40 1, 232,743, 062. 90 1, 232,925, 221. 90 1, 307,357,801. 90 1, 375,036,708. 90 1,411, 205,197. 90 1,419, 850, 277. 50 1, 423,940, 981. 90 1, 427,209, 425. 90 1, 427,007, 904. 90 1,433, 548,726.42 1,435, 714,797. 42 1, 436,475, 500. 42 1, 436,700,703. 92 1, 436,431, 838. 42 1,436, 659, 427.42 1, 436,601, 392.42 1, 436,021,121.42 1, 426,308, 270. 42 1, 417,895, 460. 42 1,418, 1, 417,127, 200.42 1,419, 248, 882.17 1, 420,049, 353. 67 1, 418,919,633.17 1, 413,392, 340. 67 1,409, 416, 912. 67 1, 397,206, 075.17 1, 394,688,802.37 1,391, 361, 549. 67 1,390, 407, 352.17 1, 389,351, 666. 67 1, 387,298, 646. 67 1, 385,608, 851.17 1, 385,934, 653.17 1, 379,586, 430. 67 1, 374,239, 464. 67 1,371, 814,963.39 1, 369,572,244. 89 1, 366,179,339.89 1, 351,321,123.89 1, 347,536,244.39 688, 654.89 .272 REPORT ON T H E F I N A N C E S . N o . 8 1 . — 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 M O N T H OF F I S C A L YEAR 1901 F O R T H E R E D E M P T I O N OF NATIONAL-BANK NOTES. 1900—July August September Octoher " Noveraber December 1901—January February March . . . April May June $11, 031,251.54 10, 937, 948. 38 7,427, 723.24 10,175, 611. 08 8, 541, 907. 31 8, 643, 390. 00 11,537,713.97 14, 026, 485. 66 . . 13,045, 775. 63 12, 338, 584.18 11, 591, 111. 54 12,238, 224. 31 Total No. F a i l e d account. Five per cent account. Month. 131,535,726. 84 Liquidating account. 30,733. 50 $100,150. 00 111, 950.00 620,150. 00 59, 500. 00 10, 817. 50 6,780. 00 61, 450. 00 21, 617. 50 454, 750.00 40, 490.00 493,800. 00 548, 360. 00 266,171.00 2, 529, 815. 00 $3, 537. 50 22, 000. 00 50, 000. 00 50, 000.00 1, 860. 00 101,180. 00 6, 860. 00 R e d u c i n g account. Total. $11, 229, 901. 54 $98, 500. 00 1,957, 704. 00 13,007,602.38 1,584,085.00 9, 635, 495. 74 10,754, 611. 08 497, 500. 00 9, 628, 224. 81 1, 075, 500.00 9,162, 000. 00 461, 830. 00 515, 000. 00 12,164,163. 97 95, 000. 00 14,144,963.36 608, 800. 00 ' 14, 210 505. 63 1, 009, 370. 00 13, 395, 304.18 265, 000. 00 12, 349, 911. 54 15, 510, 317. 81 2, 693, 000. 00 10,861,289.00. 145,193, 001.84 8 2 . — 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 OF T H E F I S C A L Y E A R 1901. For notes redeemed. Month. 1900—July August... Septeraber October... November December. 1901—January . . Fehruary. March April May June Total... Transfers and Total disburserepayments. ments. $12, 457, 567.50 11, 881, 465. 50 9, 565, 655. 00 10, 778, 260. 00 10, 454, 423.00 8, 647, 376. 00 14,550, 303. 00 15,080, 752.50 14, 045, 577. 50 12, 861, 961.00 13, 612, 133. 00 13,619, 798. 50 $9, 228. 72 $12,466, 796. 22 115, 842.44 11,997, 307. 94 487,599. 28 10, 053,254. 28 30, 097.19 10, 808,357.19 44, 055. 73 10, 498,478.73 8, 808,899. 51 161, 523. 51 34, 968.17 14, 585,271.17 12, 890.48 15, 093,642.98 74, 380. 00 14,119, 957.50 '62,470.00 12, 924,431.00 167. 092. 29 13, 779,225. 29 420, 262. 76 14, 040,061. 26 147, 555, 272. 50 1, 620, 410. 57 149,175. 683. 07 BANKS Balance. $45, 051,705.75 46, 062,000.19 45,644, 241. 65 45,590, 495. 54 44, 720,241. 62 45, 073,342.11 42, 652,234. 91 41, 703,.555. 09 41, 794,303.22 42, 264,976.40 40,835, 662. 65 42, 305,919. 20 N o . 8 3 . — 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 E A C H M O N T H OF T H E F I S C A L Y E A R 1901, I N THOUSANDS OF DOLLARS. Month New P h i l a - BaltiT o r k . B o s t o n . delphia. m o r e . $7,795 1900-July 7,618 Auguat 4,294 September.. 3,586 October N o v e m b e r . . . 4, 592 D e c e m b e r . . 5,086 1 9 0 1 — J a n u a r y . . . . 12, 984 6,781 February... 6,728 March 5,944 April 8,188 May 7,667 June Total 81,263 $1,842 2,151 1,571 1,494 1,561 1,663 2,242 1,439 1,370 1,266 1,570 1,298 $759 806 575 768 729 897 1,043 616 588 855 758 703 19.467 9, 097 Chicago. $402 $1,137 366 484 376 488 190 472 461 566 366 509 473 • 531 383 1,281 388 .693 384 •693 527 885 433 823 4,747 8,562 NewOr- Other CincinSt. Louis. leans. places. nati. Total. $167 66 89 332 92 174 144 '137 91 128 206 218 $312 279 206 186 175 279 627 975 925 549 529 966 $110 311 100 366 85 72 86 95 127 165 130 81 $1,141 1,191 9^8 1,248 1,306 1,466 1,355 1,093 1,450 1,322 3,395 1,226 $13,666 13, 072 8,677 8,443 9,568 10, 511 19, 483 12, 799 12, 359 11, 306 14,188 13,435 1,644 6,008 1,528 15,171 147,487 273 TBEASUEER. No. 8 4 . — 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 N O T E S EACH MONTH OF T H E F I S C A L Y E A R 1901. Month. Redemptions. 1900—July August September October November December 1901—January February March April... May i^"'j J une Total No. „ D e l i v e r i e s on redemption accounts. Deposited in Treasury. $13,522, 587.38 13, 033,156. 51 8, 799, 320. 90 8, 421, 298. 30 9,539, 017. 20 10,322, 379. 50 19,149, 239. 30 13, 034, 223. 71 12,433, 214. 60 11, 295, 863. 40 13, 987, 204.00 13, 606,145.10 $12, 529, 627. 50 11,958,358.00 9, 485, 795.00 10,851,192. 50 10, 507, 710. 50 8, 651,176. 00 14, 433, 853. 00 15,105, 292.50 14, 068, 577. 50 12, 902, 981. 00 13, 619, 343. 00 13, 613, 478. 50 $9,568.13 12,410. 00 7,629. 00 6,473.00 7, 204. 00 11, 009. 00 25,439. 00 6, 899.00 9, 869.00 9,141.00 9, 478. 00 7, 764. 00 147,143, 649. 90 147,727,385.00 122,883.13 On h a n d , charged to 5 per cent account. On h a n d , unassorted. $189, 792. 50 112, 900. 00 192,760.00 119, 827. 50 66, 540. 00 62, 740. 00 179,190. 00 154, 050.00 131, 650. 00 90, 630.00 83,420.00 89, 740. 00 $7, 580, 731. 57 8,720,012. 58 7, 946, 049.48 5, 582, 614. 78 4, 660, 004. 98 6, 323, 999. 48 10, 897, 496. 78 8, 844, 068. 99 7, 221, 837.09 5, 646, 598.49 6, 012,191. 49 . 5,990,774.09 8 5 . — 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 THE F I S C A L YEAR 1901. For return to For destruction For destruction and retirement. b a n k s o f issue. and reissue. Month. 1900—July August September October November December 1901—January February March April . Mav June Total .. TREASURY Total. Balance. $5, 585, 570. 00 5, 606, 860. 00 4, 398, 600. 00 3,558, 345. 00 3, 316, 730. 00 3,271,300.00 6, 031, 650. 00 6,870, 640. 00 5, 305, 940. 00 4,402, 080.00 4, 674, 220. 00 4, 646, 780. 00 $4, 888, 280.00 4, 365, 755. 00 .3, 586, 587. 50 5, 845, 350.00 5, 397, 597. 50 4, 235, 600. 00 6, 716, 347. 50 6, 635, 305. 00 7, 312, 417. 50 7, 466, 405.00 7, 323, 012. 50 7, 659, 575. 00 $2, 055, 777. 50 $12, 529, 627. 50 $7, 770, 524.07 1, 985, 743. 00 8,832,912.58 11, 958, 358, 00 1, 500, 607. 50 9. 485, 795. 00 8,138, 809. 48 1, 447, 497. 50 5, 702, 442. 28 10, 851,192. 50 1,793, 383. 00 10, 507,710.50 4, 726, 544. 98 1,144, 276.00 8, 651,176. 00 6, 386. 739. 48 1, 685, 855. 50 14,433, 853. 00 11, 076, 686.78 1, 599, 347.50 15,105, 292. 50 8, 998, 718. 99 1, 450, 220. 00 14,068, 577. 50 7, 353, 487, 09 1,034,496.00 12, 902, 981. 00 5, 737, 228. 49 1, 622,110. 50 6, 095, 611.49 13, 619, 343.00 1, 307,123. 50 13, 613, 478. 50 6, 080, 514.09 57,668,715.00 71,432, 232. 50 18, 626, 437. 50 147, 727, 385. 00 N o . 8 6 . — 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, FROM 1890, I N THOUSANDS OF DOLLARS. Fiscal year. 1890 1891 1892 1893 1894 3895..... 3896 1897 1898 1899 1900 1901..... New York. Boston. Philadelpbia. Balti- C h i c a g o . CinciuSt. New nati. Louis. Orleans. more. Other places. $29,100 30, 393 30, 845 36, 341 62,790 51,936 58, 051 65, 312 51, 804 46, 610 52. 707 81, 263 $7, 818 . • 7,106 8,053 9,580 14, 255 10, 266 14, 613 16, 382 16, 606 13, 342 12, 427 19, 467 $2, 013 1,613 2,070 1,808 1,092 952 2,068 1,610 2,113 2, 385 2, 633 4,747 $1, 425 1,495 1,938 2,238 2,560 1,705 3,112 1,584 1,465 1,718 1,218 1,644 $16,924 15, 536 14, 367 13, 448 12, 844 9,603 12,140 12,160 10, 942 lx, 488 11, 773 15,171 FI 1901 18 $4,640 4,381 5,053 5,402 6,094 6,099 7,601 8,348 6,570 7,332 8,390 9,097 $5,188 4,615 5,050 4,998 4,130 4,028 5,778 5,431 5,153 5,050 4,804 8,562 $1,792 1,284 1,239 1,178 1,102 1.731 3,836 2,172 1,895 2,283 2,320 6,008 $1,357 1,038 1,010 852 464 389 1,062 575 564 630 710 1,528 Total. $70,257 67, 461 69, 625 75, 845 105, 331 86, 709 108, 261 113, 574 97,112 90, 838 96, 982 147, 487 274 No. REPORT ON T H E FINANOES. 87.—RESULT Fiscal year. Claimed h y owners. $8, 540.90 $4,954.55 10, 661. 05 43,819.00 9, 832.70 10, 784. 50 13, 291. 35 7, 910. 50 2, 798.75 6, 816. 83 7, 553. 54 2, 062.90 7, 654. 71 7, 582.70 5,423. 79 3, 841. 50 10, 383.40 11, 957. 50 10, 615. 50 15, 911. 20 8, 092. 25 11, 685.80 19, 903. 52 1 20, 620. 30 Kef e r r e d a n d rejected. NOTES 1890. Counterfeit. RECEIVED Express charges. FOR N e t proceeds. $313.75 $387,104.85 $2, 634.50 625, 663. 80 2, 800. 00 241. 70 644,706. 95 2, 529. 60 256. 31 504, 984. 30 3, 002. 00 . 334.50 897, 992. 05 2, 472. 50 9, 218. 55 575,708.51 1, 580. 50 13, 226. 95 352, 355.27 2, 069.50 15, 598. 95 626, 331. 70 1, 508. 75 43.80 352, 846.95 1,424.50 76.20 681,108. 05 1, 227. 00 121.80 750, 902.15 1, 706. 00 124.70 340, 635.30 I, 432.00 143.95 $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, 281.48 147,143, 649. 90 8 8 . — D I S P O S I T I O N 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 A G E N C Y , B Y F I S C A L YEARS, FROM 1890. Fiscal year. 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 No. "Overs " "Shorts." $70,242,489. 45 67,475,113.15 69, 625, 086.73 75,845, 224. 51 105, 099, 227.89 86, 940, 748. 54 108,260,978.05 113,226,181.47 97, 459, 282.47 90,838, 301. 01 96,982,607. 88 147,486,577. 93 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 No. OF T H E COUNT OF NATIONAL-BANK R E D E M P T I O N , B Y F I S C A L YEARS, FROM . . 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 h 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. $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 57, 668, 715 $23, 275, 005. 00 27,494, 445. 00 36, 282, 335. 00 43, 394, 418. 50 50,944, 080.00 40, 094, 540. 00 43, 866, 375. 00 69, 014, 687.50 54,858,155.50 50, 530, 827. 50 49,006,445.00 71,432, 232. 50 $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 38,626,438.00 Deposited in Treasury. $112, 206. 00 107, 547.00 95,113. 00 117, 738.15 144, 322. 00 65,341. 00 91, 894. 00 69,019. 00 71,1.55.00 84, 926. 00 111, 699. 00 122, 883.13 Balance on hand. $4, 203, 261.45 5,542,271. 65 5,232 044.72 3,858, 371.13 6,132,120. 09 4,203 973.31 9,967, 390. 65 4,731,248.36 3,790 578 38 3, 209, 447.84 6 787 132 32 6,080, 514. 09 8 9 . - - M 0 D E OF P A Y M E N T FOR NOTES R E D E E M E D AT THE NATIONAL-BANK R E D E M P T I O N AGENCY, BY F I S C A L Y E A R S , FROM 1890. Fiscal year. Transfer checks. U n i t e d S t a t e s Silver coin. C r e d i t i n gencurrency. eral account. Credit in redemption account. $30,273,993.55 $24, 732, 324. 05 $166, 36L50 $14, 025,166. 30 1890 $660,177.<^30 33,204,177. 04 21,276,332.60 164, 807. 30 11, 582, 031. 00 585, 901. 76 1891 28, 643,402.79 • 28, 221, 963. 95 123, 425. 55 11, 343, 243. 03 644, 606. 75 1892 32,803,085. 28 30, 369. 565. 70 (51, 044. 20 11,340, 885. 51 767, 703. 87 1893 60, 028, 085. 33 31,883,133.15 26, 647. 65 11, 387, 038.41 1894 860, 624.17 40, 374.030. 32 31, 625, 706. 66 61, 236. 65 13, 604, 654. 93 690, 094. 66 1895 48, 774, 713. 30 29, 331, 636. 61 82, 669. 45 28, 893, 499. 85 1896 808, 507.13 57, 208. 70 19, 084,125. 58 1 8 9 7 . . . . . . . 55, 567, 032. 90 36,525, 208. 00 1, 366, 304. 33 42,186, 863. 86 39,921, 232. 75 83, 747.40 13,733,920.92 1,177, 595.79 1898 24, 730, 838.15 49, 339, 819. 20 84, 399. 50 14,984, 970. 20 1899 1, 016, 521.41 28, 433, 009. 35 55, 877, 983. 30 78, 301. 35 11, 380. 978. 28 • 1900 456, 009. 20 65, 935, 83 L 50 58, 986,976. 54 41, 954. 90 21, 508,997.10 669,909.86 1901 Total. $69,856, 022. 70 66, 813, 249. 70 68,976, 642.07 75, 342, 284. 56 104,185,526.71 86, 355, 723. 22 107, 891, 026. 34 112, 599,879. 51 97.103,360. 72 90,156, 548.46 96,226, 281.48 147,143, 649.90 N o . 9 0 . — 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 T 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, BY F I S C A L YEARS, FROM 1890. Fiscal year. 1890 1891 1892 1893 1894 1895 1896 1897 1898... 1899 1900 1901 Deposits. $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, 316. 44 83,511,779.36 75, 885,139.10 78, 354, 882. 88 131, 535, 726. 84 Redemptions $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. .nO 73, 982, 227. 50 74, 872,477. 50 128, 928, 835. 00 Assessments. Transfers and repayments. Balance. $129, 207.10 107, 719. 52 99, 014. 23 100, 037.31 104, 282. 49 107, 222. 51 100,159.28 114,814.32 125,971.49 130, 417. 31 121, 420. 28 122,544.28 $504, 386. 92 432, 579. 69 .220,172.90 179, 507. 56 765, 070.86 510,917.34 273, 425. 83 671, 838. 92 924, 597.79 1, 041, 481.13 1,021,916.07 723, 459.79 $5,320, 316.88 4 471 937 19 5, 697, 275. 57 5, 597, 247.10 6, 3^4, 890. 65 7, 349, 343. 80 7, 573, 009.46 7,426, 695.16 8, 070, 639. 74 8, 801, 652.90 11,140,721. 93 12, 901, 609.70 275 TEEASUBEE. N o . 9 1 . — 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 F I S C A L YEARS, FROM 1890. Fiscal year. Deposits. 1890.. 1891., 1892. 1893.. 1894., 1895. 1896.. 1897-, 1898., 1899. 1900. 1901. Bedemptions. $126, 410. 00 410, 815.00 306, 310. 50 857, 409.50 I, 607,768.00 274, 293. 50 613, 180. 50 I, 510,952. 50 563, 831.00 908, 422.00 1,275, 002.00 266, 171.00 $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, IIL 50 687, 831.50 681, 552.00 1, 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 2, 529,815.00 Transfers and . repayments. Balance. 25, 020. 00 1. 810. 00 450. 00 56, 230. 00 6, 352. 00 30.00 $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 I, 527,733.00 2,108, 553.50 1, 693,140.50 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 3,341, 847. 50 9, 740.00 600. 00 66, 485. 50 29, 055. 00 43,535. 50 33, 973. 50 73, 038. 00 82, 690.00 13,066.00 39,674. 50 65, 202.00 13, 775. 00 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 15,891, 038. 00 10,237,387.00 8, 049,130.00 1,489,448.00 826, 929. 50 12,144, 227.50 9, 346, 995. 50 3, 659, 307.00 12,324,430.00 18,800, 530. 00 18,121,44L00 14, 626,460. 00 10, 861, 289. 00 22, 021,661. 50 16, 638,873.00 9, 691,685.00 3,786, 578.50 5,885, 454. 50 9, 088,882. 00 7, 568,158. 00 7, 345,406.00 12,789, 021.00 13, 013,149.00 14, 014,295.50 14, 603,038. 00 438, 258.00 413, 655.00 78, 953.50 152, 864.50 136, 163.00 127, 600. 50 62, 001.00 476, 042.00 722, 434.50 1, 630.201. 50 1, 090,802. 00 760. 601. 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, 801,119.00 16. 322,481.50 11; 820,131.00 11, 650,IIO.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, 699,636. 00 18, 402,646. 00 13, 657,275. 00 33, 633,889.00 •25, 329,0,27. 50 16,232, 721. 00 9, 037,651. 50 10, 929,535. 75 13, 068,369. 00 11, 223,1.50. 00 II, 092,355.50 15,990, 460. 00 16, 649,275.50 17, 909,793.00 18,626, 437. 50 447, 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. 00 774, 406. 50 55, 619,359. 75 40, 018,392.25 26, 763,509. 25 20, 663,437. 75 26, 371,685. 50 25,359, 489.00 20,102, 022.50 24, 458,637. 00 30,493, 147.00 35, 817,381. 50 35,147, 878. 50 29,404, 309. 50 $36,930.00 IN L I Q U I D A T I O N . 1890. I89I. 1892. 1893. 1894. 1895. 1896. 1897. 1898. 1899. 1900. 1901. REDUCING CIRCULATION. 1890 1891. 1892. 1893. 18941895. 1896. 1897. 1898. 1899. 1900. 1901. AGGREGATE. 1890. 1891. 1892. 1893. 1894. 1895. 3896. 18971900.. 190i:. No, 9 2 . — E X P E N S E S I N C U R R E D IN THE R E D E M P T I O N OF NATIONAL-BANK BY F I S C A L YEARS, FROM 1890. F i s c a l y e a r . t r aCnhsapr og retsa tfor ion. 1890 1891.. 1892 1893 1894 1895 1896 1897 3898 1899 1900 1901 . .. ... $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 55, 549.75 Salaries. $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 87, 056.10 Stationery, printing, and hinding. Contingent expenses. $3,357.53 1,671.00 3, 553. 54 1,700.21 4, 227.71 2,173.41 2, 825.97 2,515.92 3, 387.11 1,966. 34 3, 561. 94 2,859.25 $981.91 169.13 603.49 260. 93 1,156. 01 731.59 974.19 49.69 1,015. 67 1,438.49 669.19 771. 08 Total. $107,843. 39 99, 366. 52 100, 593.70 103, 032. 96 107,445.14 100, 352.79 114, 085. 63 125, 061. 73 125,924.35 121, 291.40 122, 984. 76 146,236.18 NOTES, B a t e of expense per $1,000. $1.5616 1 52757 I 46339 I.35518 I 06599 I 15 1.125 I.0701 I 29646 I 34611 1. 33558 9956 276 No. REPORT ON T H E FINANCES. 9 3 . — G E N E R A L CASH ACCOUNT OF THE NATIONAL-BANK R E D E M P T I O N A G E N C Y FOR THE F I S C A L YEAR 1901, AND FROM J U L Y 1, 1874. F o r fiscal y e a r . F r o m J u l y 1,1874. : DR. B a l a n c e from p r e v i o u s y e a r N a t i o n a l - h 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 •' O v e r s " Total : $6,787,132.32 147,486, 577.93 19,903.52 $3, 090,192, 313. 89 369,546.14 154,293,613.77 3, 090, 561, 860.03 57, 668, 715. 00 90, 058, 670. 00 122,883.13 337,353.20 143. 95 1,432. 00 3,282.10 20, 620. 30 6, 080, 514. 09 1,129, 017, 346.00 I, 803, 477, 885. 60 134, 557, 848. 68 16, 810, 760. 51 84. 614. 81 80,743. 60 121, 387.57 330, 759.17 6, 080, 514. 09 154, 293, 613.77 3, 090, 561, 860.03 CR. N a t i o n a l ' b a n k n o t e s f o r w a r d e d t o h a n k s of i s s u e N a t i o n a l - b a n k n o t e s d e l i v e r e d t o C o m p t r o l l e r of t h e C u r r e n c y Moneys deposited in T r e a s u r y '.. P a c k a g e s referred and moneys returned Express charges deducted..'..1 Counterfeit notes returned U n c u r r e n t n o t e s r e t u r n e d or d i s c o u n t e d '' S h o r t s " I Balance to n e x t year Total No. , ...-- 9 4 . — 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 R E D E M P T I O N F U N D OF NATIONAL BANKS AT T H E END OF EACH MONTH, FROM J A N U A R Y , 1890. Adsets. Month. On d e p o s i t N a t i o n a l in bank notes Expenses] Treasury. on h a n d . . p a i d . 1890—January . . $6,029, 508 $21, 221 F e b r u a r y .. $1,052, 718 21,221 4,197,153 March 21, 221 1,703,932 3, 834,208 42,190 April 3,806,834 1, 644, 734 42,390 4,128,493 May 1,165, 590 42,190 1,173, 931 June.. 4, 203, 262 63, 020 July. 4, 713,320 938, 907 63, 020 4,935,522 August 625, 237 83, 841 4,505,712 763, 746 September . 83, 841 3, 549, 663 O c t o b e r — 1,894,510 N o v e m b e r '. 2, 028. 288 3, 285, 337 107, 843 2,li8,241 3,277, 840 December.. 6,181, 625 1891—January— 19, 739 4, 845, 746 F e b r u a r y .. 171,049 19, 739 March I, 690,598 3,302,465 19, 739 April 1,551,728 19,739 3, 953, 555 39, 536 May 5, 003,448 59, 212 5, 542, 271 June 59, 212 5, 801, 651 Jnly 78, 989 6, 649, 700 August — 78, 989 78, 716 5, 589, 043 September . 78, 989 5, 595, 200 October 99, 366 655, 846 4, 673,987 November.. December.. 1,178,753 4, 550, 533 1892—January 5, 833, 636 19,171 4, 687, 590 F e b m a r y .. 877,347 19,171 March I, 956,080 3, 802, 554 19,171 A p r i l ,-, 19,171 I, 621, 397 4, 292, 481 38, 506 May 481, 675 4, 952, 287 38, 506 J u n e .:.; 623,913 5, 232, 044 38, 506 July ....... 5,786,149 38,506 August; 6, 503, 472 77,131 September . 7,526, 222 77,131 October:..., 6, 968, 821 77,131 5, 695, 213 November.. December.. 10, 386 5,899,697 7,593,744 1893—January! 200 5, 437,804 F e b r u a r y .. 383,217 200 March..;.... 2,069, 709 3, 692, 528 365 A p r i l ..i 802, 224 4, 945, 410 365 May ! 300, 926 5,119,181 38, 881 J u n e ...; 1,948, 881 3,858,371 38, 881 J u l y . . . : . . . . 3,158,476 3,512, 581 58, 447 4,327, 277 2, 991, 630 August:..:. 58,447 7,561, 305 September. 611,390 58,447 Liabilities. Total. To national banks. To O n other Treasury. accounts. $6, 050,729 $5,051,510 $866,115 5,271, 092 5,135,718 5, 559, 361 5,459, 370 5,493, 758 5,422, 628 5,336, 273 5,245, 967 5,419, 383 5, 320, 317 5,715, 247 5, 653, 702 5, 623,779 5, 543,974 5, 353, 299 5, 244, 089 5, 528, 014 5,479, 044 5, 421, 468 5, 372, 208 5, 328, 687 5, 396, 081 6, 201, 364 4, 724, 349 1,276,439 5, 036, 534 4,874, 565 5, 012, 802 4,887,172 5, 525, 022 5, 432, 273 5,042,984 4,497,975 392,139 5,601,483 4,471, 937 868, 974 5, 030,539 5, 860,863 666, 603 5,847,401 6, 728, 689 743,193 5, 610, 854 5, 746, 748 5, 527, 753 5, 674,189 21,172 5,189,961 5,429,199 5,527,105 5, 729, 286 5,221,208 5, 852. 807 '385,'890" 5, 376,084 5, 584,108 5,604,158 5, 777, 805 5, 824,178 5,933, 049 5, 311,106 5, 472, 468 5,697,275 5,894, 463 5, 569,987 5, 824, 655 21,756 6,132,418 6, 541, 978 232,704 5,933,649 7, 603, 353 1,446, 572 5, 910,346 7, 045, 952 925,430 5, 440,473 5,772, 342 48, 729 5, 586, 966 5,910, 083 4,956,774 7, 593, 944 2,124, 585 5, 551,109 5, 821,221 5,470, 555 5, 762, 602 5, 436, 356 5i 747, 999 5, 076, 930 5. 458, 988 5, 846,133 5, 597, 247 6, 729, 504 6, 549, 612 7, 377, 354 7,121, 743 8,131,142 7.865,336 $133,104 135, 374 99, 991 71,130 90,306 99, 066 61, 545 79,805 109, 210 48, 970 49, 260 67,394 200, 576 161, 969 125,630 92, 749 152, 870 260,572 163,721 138, 095 135, 894 125, 264 239, 238 202,181 245, 709 208, 024 173, 647 108,871 161, 362 197,188 232, 912 176, 856 223,132 210,176 283,140 323,117 512, 585 270,112 292, 047 311, 643 382,058 248, 886 179,892 255,611 265, 806 277 TREASURER. No, 9 4 . — 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. 1893—October November.December.. 1894—January Februarj'^ . . March Aprils:-.-.... May June . . . . . . . July ... August Seplember . Octoher November-December . 1895—January February . . March April May June July . . . . . . August . . September October : . Novemher.December . 1896—January. February March April May June July August ., September . Octoher . . . November. December . 1897—January... February . March April May June Julv August . . . September October . . . November.. December. 1898—January... February ., March April May. June July August . - . September . October . . . Novemher. Decemher. 1899—January... February . March April May June July August... September October . . . November December., On deposit Nationalin b a n k notes Expenses paid. Treasury. on hand. Liabilities. Total. To national banks. $11,258, 335 $77, 840 $11, 336,175 $5, 978,021 12, 634,770 77, 840 12, 712, 610 5,437, 663 12,131, 875 12,112, 475 19,400 6, 234, 853 14, 308, 204 14, 288, 804 19,400 5, 639, 628 12,469, 240 19, 400 12,488, 640 6,152, 872 38, 810 10, 604,198 10, 565, 388 6,401, 088 38, 810 8,436,696 8,475,506 6,194,783 58, 285 7,147, 507 7, 089, 222 6, 373, 428 58,285 6, 714, 284 $523, 879 6,132,120 6, 344, 890 58,285 7,093, 813 2,487, 080 4, 548, 448 6,774,123 77, 790 2, 467, 236 5, 296, 814 7, 841, 840 7, 671, 862 77, 790 2,522,309 4, 867, 050 7,467,149 7, 250, 860 77, 790 7, 567, 646 2, 673, 835 4, 816, 021 7, 424, 640 7, 357,428 7,186, 644 3, 294, 662 3, 955, 321 107,445 7,149, 806 7, 072,499 2, 593, 619 4,556,187 616, 591 6,105,143 6, 721, 734 6, 596,132 2, 248, 754 5, 004, 609 7,176, 074 7, 253, 363 2,864, 740 4,103,436 6,853, 373 6, 968,176 2, 653, 891 4, 609, 610 7,132,388 7, 263,501 7,508,122 2, 789,453 4,661, 091 7, 390, 592 57, 578 7,475, 828 7,349,344 3, 214, 277 4, 203, 973 57, 578 2,188, 940 5, 259,121 7, 505, 639 7, 361, 287 57, 578 8, 335, 910 8,208,122 1, 001,502 7,257,996 76, 412 7, 632, 392 7,525, 303 2, 025, 271 5,530, 709 76, 412 8,140,167 1, 949, 265 6,114,490 76, 412 8, 017,476 7,746, 992 1,787, 810 5,858, 829 100, 353 7, 598, 512 6,618,573 7, 339, 713 •7,168,186 721,140 9, 955, 683 9,955,683 6,472,790 7,993, 630 7, 993, 630 7,027, 642 7, 789, 325 7, 674, 057 1,274,249 6, 515, 076 7, 624, 680 7, 813, 618 699,146 7,114, 472 7, 772, 917 9, 445, 926 9, 504, 233 58, 307 9,967,391 10, 025,698 58,307 7, 573, 009 11, 613, 348 58, 307 11, 671, 655 7,412.349 33,376,890 58, 307 13, 435, 397 8, 891, 426 77, 767 8, 957, 215 12, 519, 928 12, 597, 695 77, 767 12, 664, 725 8,477,211 12, 586, 958 114,086 8, 229, 757 12, 629, 332 12,535,246 19,269 8,243,966 13,751,614 13, 735, 345 19,269 7,662,497 16,925, 405 16, 906,136 38, 818 14, 807, 275 8, 317, 951 14,768,457 38, 818 11,112, 966 7, 847, 745 11, 074,148 58, 398 7,488,770 8, 292, 970 8, 351, 368 7,355, 400 882, 801 6, 717, 977 • 58, 398 7, 659,176 58, 398 2,853, 650 4, 731, 248 7, 643, 296 7, 426, 695 58,398 8,138,040 2, 878,859 5, 344, 284 8, 281, 541 77,978 4,193, 979 3, 863, 257 8,335,214 8, 016, 001 77, 978 5,111,268 3, .550,102 8, 739, 348 8, 665, 921 8, 734, 832 4, 055, 894 4, 553, 876 125, 062 8, 664, 277 8,149, 885 8, 074, 901 3, 606, 493 4, 396, 757 146, 635 21, 573 7, 843,105 3,144, 861 4, 767, 824 7, 934, 258 21, 573 I, 287, 522 5, 866, 096 7,175,391 6, 994, 830 43, 374 7,'824, 492 4, .595, 297 3,185. 821 7, 734, 424 43,374 8,127,121 2, 573, 372 5,510,375 8, 090, 519 65, 279 5, 954, 804 2, 562, 457 8, 582. 540 8, 549, 004 65, 279 5, 619, 576 2,902, 367 8, 587, 222 8, 546,564 65, 279 4, 267,148 3, 790,578 8,123, 005 8,070,64065, 279 3, 611, 062 4, 219,482 7, 895,823 7, 838, 028 65, 279 4, 567, 648 3,854, 448 8, 487, 375 8, 416,133 87,183 5,106,837 8, 593, 287 3, 399, 267 8, 530, 365 4,495. 717 4,238, 503 125, 924 8, 860,144 8,775,345 4, 528; 562 4, 356, 399 125, 924 8,942, 305 9, 010,885 4, 379, 543 4, 768, 321 9,147, 864 9, 065, 873 3, 068, 424 5, 358, 206 8,426,630 8, 306, 608 8, 812, 458 5, 290, 371 3, 536, 931 8, 870,776 43,474 9,152, 695 6, 482, 694 2, 683, 736 9, 209, 904 43, 474 9,120, 3.50 5,570, 067 3, 535, 111 9,148,652 43, 474 5.121,444 8,921,874 65,104 8, 885, 354 3, 735. 326 5, 562, 709 3, 209. 448 8, 837, 261 65,104 8,801,653 5, 436,576 3, 325, 683 8, 849, 420 87,161 8,814, 679 5, 877, 604 3, 359,438 121, 291 9,358, 333 9, 331, 950 5, 487, 739 3, 201, 904 121,291 8,810, 934 8, 761, 030 5, 516, 678 3, 538, 616 121, 291 9,176,585 9,133, 600 5, 583, 546 3, 649, 898 21, 673 . 9,255,117 9, 220,837 5,165, 012 3,962,662 21, 673 9,149, 347 9,104,787 To On other Treasury. accounts. $4,452, 354. $905,800 6,492,488 782, 459 5,456, 464 440, 558 8,192, 701 475, 875 6, 000,861 334, 907 3, 836,135 366, 975 1, 854, 885 425, 838 350, 816 423, 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 3,132, 390 350, 503 737,114 228, 874 . 115,268 188, 938 1, 535, 054 196, 262 2,171,135 281,554 3, 976, 873 282,433 4, 328, 287 215,484 3, 532, 559 107, 921 4,003,115 184,399 4, 240, 025 159, 550 5,327, 581 183,067 8,919, 868 343,040 6, 324, 446 164,878 3, 019, 063 246,158 276,340 586, 258 303,776 216,601 143,501 119,213 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 44.610 278 No. REPORT ON T H E FINANCES. 9 4 . — 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 OP NATIONAL BANKS AT THE E N D O F EACH M O N T H , ETC.—Continued. Liabilities. Assets. Month. On d e p o s i t N a t i o n a l - E x p e n s e s bank notes in paid. Treasury. on h a n d . 1900—January $2, 285, 807 F e b r u a r y . . 5, 018,411 March 6,749,164 April 5,538, 933 May 4, 658, 756 4,569,496 June 4,134, 458 July... 3, 864, 903 August S e p t e m b e r . 3.863, Oil October 7,041,268 N o v e m b e r . - 7,779, 284 D e c e m b e r . . 7, 212, 273 1, 255, 464 1901—Januarv F e b r u a r y .- 3,841,132 March 5, 842, 220 April 7,873 009 7,052 920 May 6.864, 567 June July 6, 658,195 • 5,176,027 August S e p t e m b e r - 4, 992, 713 6,232,614 October FUND $5, 962, 542 3, 597, 002 3,472,041 4, 810, 041 5, 898, 037 6,787,132 7, 770,524 8, 832, 912 8,138, 809 5,702, 442 4, 726, 545 6, 386, 739 11, 076, 686 8,998, 719 7,353,487 5,737,228 6, 095, 612 6, 080, 514 6, 758, 270 8. 890, 223 8, 618, 819 7, 292, 216 $43,559 43, 559 43, 559 65, 212 65, 212 65, 212 05, 212 122, 985 122, 985 122, 985 144,390 21,406 43,187 43,187 43,187 43,187 65, 094 65, 094 65, 094 146, 236 146,236 168.167 Total. $8, 291, 908 8, 658, 972 10, 264, 764 10,414,186 10, 622, 005 11,421 840 11, 970,194 32,820,800 12,124, 805 12, 866, 695 12, 650, 219 13,620 418 12, 375, 337 12,883 018 13,238, 894 13,653 424 13,213 626 13, 010,175 13,481,559 14, 212,486 13,757,768 13, 692, 997 To national To Treasury. banks. $8,153,722 8, 560, 375 10, 211, 818 10, 302, 937 10, 333,869 11, 140, 722 11, 760, 955 12, 687, 692 11,911,446 12,726,198 12, 563, 009 13, 541, 810 12,180,108 12,712, 328 13,090, 549 13,546,058 13,112, 575 12,901, 610 13, 367, 026 13,957,678 13, 631,969 13, 535, 862 On o t h e r accounts. $138,186 98, 597 52 946 111, 249 288,136 281 118 209,239 133,108 213 359 140,497 87,210 78,608 195, 229 170, 690 148,345 107,366 101,051 108, 565 114 533 254,808 125,799 157,135 N o . 9 5 . — N A T I O N A L - B A N K N O T E S OUTSTANDING AT T H E E N D OF EACH M O N T H , AND M O N T H L Y R E D E X M P T I O N S , F R O M J A N U A R Y , 1890. Month. 1890—January - . Februa'ry. March April May June July August— September October . . November December 1891—January.. February March April May June July August . . September October . . November December 1892—January.. February March April May June July A.ugust . . September October . . , November December, 1893—January.., February . March April May June July August . . . Outstanding, Redemptions. $194, 447, 219 192, 000,453 190, 274,602 189, 264,900 187, 361, 523 185, 748,590 184, 253; 868 183, 134,753 181, 602, 915 179, 610,433 178, 329, Oil 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, 429 372, 786, 760 172, 432.146 373, 614, 870 174, 404,424 174, 391, 253 175, 422, 388 176, 094, 544 176, 855, 614 177, 164, 254 178, 713, 872 183, 198, 755.147 980, 368 $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 4,733,836 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 5,388,589 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 5,238.960 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 Month. 1893—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. Octoher . . . Noveraber. December . 3896—January... February.. March April May — . . . June July August - -. September October . . . November. December . 1897—January... February.. March April Outstanding ,690,579 209, 311, 993 208, 948,105 208, 538,844 207, 862,107 207, 479, 520 207, 875,695 207, 833,032 207, 245,019 207, 353, 244 207, 539, 066 207, 592, 215 207, 564,458 207, 565,090 206, 686, 337 206, 605, 710 205, 297, 571 205, 043, 651 207, 541,211 209, 719,850 231, 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, 639,357 234, 984,444 235, 398,890 235, 663,118 235, 094, 662 234, 236, 327 233, 795,141 232, 887,984 Redemptions. $7, 275, 730 12, 505, 692 33, 774, 976 9, 839, 329 13,376,204 7,422, 351 8,118,107 8, 380, 025 8, 959,113 9, 322, 038 6, 684, 645 6, 599, 917 5, 380, 628 6, 663, 770 6,132, 207 7, 494, 569 10,376,851 5, 946, 346 7,165, Oil 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, 3i6,189 7, 894, 397 9, 227, 331 II, 801, 075 11, 295,483 12,051,832 7, 833, 890 5,387, 077 7, 773, 491 9,351,401 12, 583, 899 13,765,173 7, 243, 972 7,344, 396 8, 573,146 279 TEEASUEEE. No. 9 5 . — N A T I O N A L - B A N K N O T E S OUTSTANDING AT T H E E N D O F EACH AND MONTHLY R E D E M P T I O N S , FROM J A N U A R Y , 1890—Continned. Month. Outstandiug. 1897—May. June July August .. September O c t o b e r .... Novemher. December. 1898—January... February . March April May June July A u g u s t . -. September October . . November December , 1899—January.., February., March April May , June , July No. 875,841 .231, 441,686 230, 844, 256 230, 593, 674 230, 278,970 230, 132, 275 229, 634, 217 229, 014,641 226, 529,216 224, 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 Month. ^ t^i o nts . r $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 1899—August . . . September October . . , November Deceniber . 1900—January... February., March Aprii May June July August ... Septemher Ootober . . . Noveraber. December . 1901—January... February.. March April May June July August ... September October . . . MONTH, Outstanding, ^^^demp. $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, 428 331,693,412 332, 292, 300 340,141, 174 346,821,871 348,655,255 350, 101,405 350,764, 257 351,582, 590 353,742,187 356, 152,903 357,419,155 358,830, 548 359,911,683 $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 8, 443, 068 9, 567, 510 10,511,185 19, 482,754 12, 799,120 12, 358, 659 11,305,800 14,188, 094 13, 415, 238 13,378, 875 14,336, 572 8, 792, 245 11,384,984 9 6 . — A V E R A G E AMOUNTS OF NATIONAL-BANK N O T E S R E D E E M A B L E AND AMOUNTS R E D E E M E D , B Y F I S C A L YEARS FROM 1890. O u t of d e p o s i t s for r e t i r e ment. O u t of 5 p e r c e n t f u n d . Fiscal year. Average redeemable. 1890 1891 1892 . . 1893 1894 1895 1896.... 1897 1898 1899... 1900 1901 No. . $67,054,159 49, 793, 004 32, 551, 885 23,707,975 23,805,158 27, 720, 318 22, 604,148 21, 513, 208" 29, 679,023 32. 023, 249 36, 424, 466 31, 258, 712 Redeemed. Average redeemable. liedeemed, fit for u s e . $33,633, 889 25, 329, 027 16, 232, 721 9,037, 651 10, 929, 536 13, 068, 369 11, 223,150 o 11, 092, 355 15, 990, 460 16, 649, 275 17,909,793 18, 626, 437 $129,194, 340 126,118, 369 139, 561, 426 151, 047, 380 181, 517, 646 180,140, 091 194, 529, 242 211, 375, 241 198, 491,851 207, 264, 424 223, 869, 280 308,625,545 $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 57, 668, 715 Eedeemed, u n l i t for u s e . Total redeemed. $23, 275, 005 $35,865, 885 27, 494,445 40, 037, ()65 36, 282, 335 52,959,035 43, 394, 418 67,560,568 50,944, 080 90, 837, 92U 40,094,54075,150,160 43,866, 375. 90,812, 565 69, 014, 688 106, 674, 648 54, 858., 156 83,982,416 50, 530, 828 74, 003,478 49, 006, 445 74, 627,105 71,432, 232 . 129,300,947 9 7 . — P E R C E N T A G E O F OUTSTANDING NATIONAL-BANK NOTES R E D E E M K D AND ASSORTED EACH F I S C A L YEAR FROM 1891, B Y GEOGRAPHICAL D I V I S I O N S . 1897 1898 1899 1900 38.47 43.01 45.40 47.95 48.71 52. 81 45.89 . 52. 28 43.91 48.77 53.57 53.30 49.13 52.64 61.48 58.76 60. 54 6L17 48.43 5L71 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 55.23 58.00 53. 87 60.94 54. 51 56.96 52.51 46.20 50.95 58.24 54.80 47.23 43.55 58.37 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 59.50 64.20 75.52 50.71 57.59 5 L 1 9 54.66 56.26 ' 52. 08 66.98 63.04 50.25 59.88 43.14 46.50 46.88 53.78 47.85 55.65 4L69 44.03 50.76 48.79 45.76 51.11 39.59 4L04 49.37 50.12 59.50 68.68 42.62 42.75 6L44 57.31 54.08 49.95 54.44 47. 98 | 46.12 43.99 53.73 Division. 1891 1892 1893. 1894 1895. Maine New Hampshire Vermont. . . . . . . Massachusetts Rhode Island Connecticut .... 34.72 38.48 44.45 38.06 38.09 38.97 37.64 44.99 48.22 4L95 48.95 41.17 4L24 51.04 51.65 49.55 46.87 48.97 46.05 53.30 55.08 53.08 49.94 55.04 N e w E n g l a n d . 38.25 42.77 48.58 42.10 4L91 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 40.19 45.59 5L12 NewYork New Jersev Pennsylvania Delaw are ...... Maryland D i s t r i c t of C o l u m b i a . Eastern 1896 59.38 1901. 280 REPORT ON T H E F I N A N C E S . N o . 9 7 . — P E R C E N T A G E OF 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 FROM 1891, B Y GEOGRAPHICAL DIVISIONS—Cont^d. 1891. 1892. 1893: 1894. 1895. 1896. 3897. 1898. 1899. 1900. 1901. 4L71 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 5L34 36.45 53.53 42.94 36.84 35.38 35.51 35.47 42.17 54.74 35. 08 45.02 67.16 5L76 42.75 54.87 47.46 4L57 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 36.98 38.54 32.75 39.71 34.45 52.69 45.12 39.99 30.97 49.36 38.61 45.91 33.97 40.68 32.32 3 L 6 2 19.58 34.23 27.33 34.48 30.53 31. 69 24.84 37.88 •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 46,37 32.03 63,23 64.53 47.58 4L68 43.57 3L25 36.81 3L95 28.19 25.15 33.89 35.20 39.95 4L49 43.82 34.83 42.70 37.07 29.36 26.91 1 28.60 36.34 32.86 29.29 28.63 31.39 30.12 29.83 30.48 27. 69 35.66 30.62 29. 04 3L04 29.59 31.05 30.65 27. 31 36.68 40.19 29.95 35.90 31.06 36.64 55.62 43.08 31. 85- 39.12 3 L 3 8 38.36 32.20 38.74 30. 28 37. 46 33.18 27.63 3L15 35.51 33.92 30.83 31.73 30.53 42. 98 33.29 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 •22.70 21.66 21.31 21. 45 22.12 25.36 23.98 22.69 2 L 1 8 22.16 24.12 22.49 21.10 19.36 20.15 27.62 24.41 26.93 27.71 24.98 25.25 24.40 24. 93 30.65 31.67 35.08 39.01 32.08 38.65 32.18 26.75 23. 02 22.05 26.25 32. 31 31.94 29.34 30.35 Montana 27. 67 33.87 "Wyoming Colorado ; . . . 31.33 36.23 N e w Me.xico 9.89 Oklahouia 9.66 I n d i a n Tei r i t o r y 33.05 30.28 30.60 30.67 28.61 34.17 33.60 35.69 22.50 2L05 32.28 34. 8033.12 34.35 3L99 39.47 39.11 37.76 26.30 24.32 4L03 43.10 47.54 39.76 40.33 53. 26 41.94 48. 44 36.46 42.29 35.01 37.06 35.08 31.58 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 31.08 28. 28 27.55 36.91 29.88 33.36 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 23.37 28.30 24.64 22. 42 30.54 25. 07 22.19 29.80 17.46 28.70 Division. Virginia.-. W e s t Virginia N o r t h Carolina S o u t h Carolina..: Georc'ia Florida Alabama . ... Mississippi'.. -Texas Arkansas Kentucky Tennessee . Southern Ohio Indiana Illinois Michigan Minnesota Iowa Middle N o r t h JDakota SouthDakota Nehraska . . . . "AA'estern Washin gton Oregon California Idaho ' Utah Nevada Arizoua Alaska Hawaii 31.19 34.61 43.39 33.95 34.61 35.12 29.81 25. 47 23.33 24.04 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 4L04 56.84 38. 35 44. 53 47.32 50.20 46.96 39.68 61.94 48.23 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 5L38 36.04 20.00 63.56 3L20 30.84 37.26 39.63 31.92 16.29 5L35 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 2L70 32.91 28.17 25.60 30.68 33.45 32. 24 28. 02 21.66 33.73 32.21 16. 00 12.58 32.76 33.93 37.23 46. 68 32.28 40.34 48. 41 33.38 27:12 34.90 30.54 U n i t e d ' S t a t e s . 36.48 40.19 44.54 48.87 42.49 47.85 50.23 42.51 37. 83 35.85 .43.44 Pacific No. 98. Year. 1875 3870 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 3887 1888 ." 30. 29 - A V E R A G E AMOUNT OF NATIONAL-BANK NOTES OUTSTANJ)ING, A N D T H E R E D E M P T I O N S B Y F I S C A L YEARS, FROM 1875. Redempt ions Average outstanding. Amount. $354,238, 293 344, 483, 798 321, 828,139 320, 625, 047 324,244, 285 339, 530,923 346, 314, 471 359, 736, 050 359, 868, 524 347, 746,363 327, 022,283 314, 815, 970 293, 742, 052 265, 622, 692 $155, 521, 000 209,039, 000 242,885, 000 213,152, 000 157, 657, 000 61, 586, 000 59, 650, 000 76, 089, 000 102, 700, 000 126,152, 000 150, 209,-000 130,296, 000 37, 690, 000 99,152, 000 Year. P e r cent. 43.90 60.68 75.47 66.48 48.62 18.13 17.22 21.15 28.53 36.27 45.93 41. 38 29.85 37.32 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 Average outstanding. R e d e r a p t ions. Amount. . P e r cent. $230, 648, 247 $88, 932, 000 196, 248, 499 70, 257, 000 175,911, 373 67,461, 000 . 172,113,311 69,625,000 174, 755, 355 75, 845, 000 205, 322, 804 105,331, 000 207, 860, 409 . 86, 709, 000 217,133, 390 108, 261, 000 232, 888, 449 113, 574,000 228,170, 874 97,112,000 239, 287, 673 90, 838, 000 260, 293 746 96, 982, 000 339,884,257 147,487, 000 38.55 35.80 38.34 40.45 43.40 51.30 4L71 49.85 48.70 42.56 37.96 37. 25 43.39 281 TEEASUEEE. No. 9 9 . — P E R C E N T A G E OF NATIONAL-BANK FROM THE PRINCIPAL CITIES AND OTHER New PhilaY o r k . B o s t o n . delphia. 1874—July August ... Septeiuber October - - November. December. 1 8 7 5 — J a n u a r y .. February.. March April May June July A u g u s t -.. September October . . . November. December . 1876—January... February . March April...... May Juue July A u g u s t --. September October . - November, Decem b e r . 1877—January--. ^February . °March April May June July Augu.st -. September O c t o b e r . -. November. December. 1878—January .. February . March April May June July August ... September Octoher . . . November. Decem ber . 1879—January... February . March April May June July August ... Septemher Octoher . . . November. December. 1880—January . . February . March April May June July August .. September October... November December. 1881—Jauuary . . Fehruary . Marcli April 04.73 45.25 40. 24 41. 55 47.23 43.50 57.27 56.16 5L85 57. 24 54.51 50.10 53.04 43.73 39.25 27.68 30.32 29.51 44.66 33.43 27.32 35.87 44. 22 40.23 42.84 30. 43 24.30 26.26 23.23 18. 26 34.14 27.20 31.61 42.59 38.60 40.16 31.97 25.46 23.64 23.97 24.85 19.26 27.74 27.33 27.90 48.60 44.95 43.41 4L88 27.16 21.48 3L91 15.13 20.59 33.64 47.52 32.64 46.89 54.51 42. 20 38.77 32.41 24.87 28.24 27.83 3L73 56.18 43.15 32.53 43.96 6L88 59,44 44.23 30.92 34.34 32.25 29.51 31.84 39.18 40. 61 34.35 47.46 5.01 11.40 5.98 4.81 12.14 16.21 11.91 10.82 12.25 8.37 1L77 17.12 18.47 23. 21 28.56 23.69 28.21 36.40 30.96 33.85 37.73 25.67 21.77 22.63 24.46 32.50 30.96 27.65 31.28 45.89 32.90 37.70 40.82 29.43 32.51 32.29 36. 80 42.45 47.35 45.39 47.98 53.14 44.03 39.99 41.93 18.97 2L53 29.85 29.54 40. 08 45.98 58.24 58.22 52.12 48.16 36.47 42.63 29.41 19.64 27.37 36.53 39.00 27.75 18.98 22.45 12.25 9.79 13.86 9.41 6.14 7.32 9.41 10.32 14.06 10.27 9.30 8.55 11.78 12.05 10.76 7.74 8.47 4.936.94 7.04 7.97 9.88 12.16 4.68 5.73 3.60 3.96 4.91 4.17 4.03 3.40 3.78 4.41 5.23 4.80 3.28 3.72 3.13 3.44 4.85 10.75 7.98 8.10 13.39 22.65 23.12 10.09 7.65 5.47 2.79 4.73 5.60 4.55 4.16 4.50 4.33 0.17 5.80 5.94 5.01 5.84 3.53 6.21 5.30 5.03 5.00 4.68 6.17 5.29 5.06 5.43 3.12 2.55 4.85 2.81 5.07 4.45 4.56 3.82 5.81 7.20 6.64 7.29 4.34 5.30 5.44 8.14 5.00 5.62. 8.85 8.59 8.36 9.12 9.62 9.37 5.69 6.42 6.47 7.10 NOTES R E C E I V E D PLACES, Baltimore. .71 1.58 1.34 .84 .36 .76 3.14 1.28 .68 .71 .85 1.81 .90 4.08 L45 1.48 3.46 1.58 1.46 1. 94 1.39 .88 .40 .99 .72 .65 .48 L22 .84 1.03 .69 .81 .74 .78 .95 .61 .91 .29 .55 .45 .61 .72 .33 .32 .89 .75 .87 .35 .90 .50 .38 .32 .57 .38 .29 .27 .32 .69 .27 .17 .24 .29 .40 .51 .65 .55 .60 .56 .87 1.-56 1.12 .69 1.22 i.n .71 1.85 .85 .78 .98 .51 FOR REDEMPTION BY MONTHS, FROM JULY, Chicago. 2.70 5.48 2.67 9.72 3.71 2.79 L87 3.53 4.44 7.28 .6.61 2.85 1.99 4.60 2.82 8.32 7.26 4.38 4.15 3.94 2.73 5.31 9.66 4.23 1.56 1.61 3.39 1.89 1.50 1.80 3.24 4.26 2.20 1.50 .75 .85 1.21 1.69 1.75 1.16 .82 1.05 .92 .97 3.63 3.25 2.80 L13 .46 L24 L29 1.40 1.33 L79 .91 1.01 1.39 1.58 .91 L04 1.10 1.57 3.44 4.00 3.75 4.48 2.46 3.58 5.21 4.07 2.04 2.18 3.38 6. 31 5.08 5.50 7.24 4.62 5.55 5.18 5.50 2.95 CincinSt. nati. Louis. LIO 1.33 .77 6.37 2.50 1.15 1.33 2.30 5.01 4.46 1.75 L21 L.15 L15 1.05 5.26 3.23 .62 L08 .93 1,26 L17 1.09 1.04 .83 .56 6.19 .77 .36 .26 .58 .87 .79 2.52 .62 .34 .27 .47 .67 .39 .42 .28 .34 .44 1.35 4.75 2.78 .50 .32 .23 .45 3.35 1.50 .62 .70 .47 2.66 .83 .84 .51 .60 .63 1.53 1.58 1.48 1.85 1.28 L54 2.26 1.50 1.92 1.16 .76 2.08 2,35 2.21 L63 1. 76 2.13 1.80 2.37 1.27 1.16 1.12 .75 .37 1.56 .48 .90 .92 .50 .72 .88 1.17 .97 .56 .46 .36 .46 .31 .44 .31 .53 .56 .23 .69 1.61 .60 .50 .20 .16 .21 .36 .84 .65 .62 .45 ..58 .33 .88 .37 .30 .17 .10 .20 .11 .24 .52 L50 .41 .18 .38 . .16 .25 .20 .34 .25 .28 .22 .23 .18 8.57 .24 .40 .69 .66 .62 .65 .66 .96 1.30 1.27 .58 .54 .85 .75 1. 25 L24 3.54 1.16 .90 .98 1.46 1874. New Other Orleans. places. 19.66 26.90 41.21 28.37 22.62 ^22.95 18.90 19.26 21. 67 17.26 18. 72 21.57 19.45 39.27 22.63 28.80 21.83 22.40 13. 97 2L88 26.11 27.10 17.78 19.44 20.00 25.55 20.79 19.36 23.51 22.46 22.64 22.85 20.40 17.83 20.52 20.62 24.35 24.26 2L34 22.17 19.35 19.51 2L43 25.00 22.53 16.95 20. 27 2L32 21.72 25.73 24.09 2L24 17.99 18.73 12.93 IL43 15.29 17. 50 18.58 15.69 17. 96 21.88 35.51 38.83 36.58 41.20 24.69 31.05 42.99 34.12 20.39 20.09 30.49 36.60 37.33 39.27 41.20 37.62 33.65 33.47 • 4L13 31.38 282 REPORT ON T H E F I N A N C E S . N o . 9 9 . — P E R C E N T A G E O F NATIONAL-BANK 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 T H E 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 , ETC.—Continued. New York. 1881—M