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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
143,050.19
1,316,516.62
1,173, 466.43
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
157.27
343,811.09
434; 968.36
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

266 749 12

264,579.33
73,467.58

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

172,909.66
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

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.

Capital.

1
1

50,000

4

Total New England S t a t e s . . . .

$25,000
25,000

2

Maine
New Hampshire..
Massachusetts....
Rhode Island
Connecticut

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

$11,009,400
2:^7,843,950
10,099,640
16,350,700
7,762,850
1,320,500

56,437,720
130,171,500
14,521,350
22,990,850

;.

Total

244,611,570

J u n e 30,1901.

'

$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

Decrease.

11,555,561.85

$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
: facilities to foreign markets is of greater importance to the inland pro3
ducing 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.

t
A m o u n t issued. A mto u n i n outs and g.

Indefinite

1 and 2 years 1 and 2 years
from date.

x^y of 1 to 6
per cent.

Par....

lyear

1 year from
date.

xV of 1 to 5 |
per cent.

Par

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

$151, 635. 26

10,000, 000. 00

1 year
date.

from

Jan. 1,1874...

$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, 000. 00

20, 000,000.00

2, 000. 00

25,000,000. 00

18, 415, 000. 00

GO

a

20. 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

1901.

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.

Indefinite...

A t t h e pleasu r e of t h e
Government.
On d e m a n d

3 years.

A u g 19 and
Oct, 1, 1864.

. Amount
authorized.

3^ p e r c e n t . .

Indefinite....

Price
at which
sold.

6 per cent-

L e n g t h of
loan.

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




lj% p e r c e n t .

On deraand

None .

$15,050.00

1, 600. 00

60, 000, 000.00 a60, 030, 000.00

5 or 20 y e a r s . M a y 1, 1867 . . . 6 p e r c e n t .

Indefinite...

$250, 000, 000. 00 $189, 321,350.00

Av. pre.
ofiW^.

Indefinite

139,999, 750.00

Av.pre.

515, 000,000.00

O

53, 847. 5U

O

514, 771, 600.00

450,000,000. 00

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.




C?
Z

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 .

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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

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O

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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
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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!

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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.

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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

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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.

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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

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Indefinite... A t pleasure of
the Government.

2 per cent.. Par
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,'
Indefinite.

At pleasure of
the Government.

2 per cent.

Par

Indefinite.

At pleasure of
the Government.

3 per cent..

Par

25,364,500.00

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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

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Amount outstanding.

, 854,100. 00.

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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

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After Aug. 1,
1908.

3 per cent... Par

'$400,000,000.00

198,792,640. 00

9, 621,420.00

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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

•

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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

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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
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^
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.

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$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..
82, 976,294. 35
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,
1893 J
,
875. 54
5, 250,
1894.
480. 73
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

1
1

$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

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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
063, 013. 78
1, 775,492, 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.




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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.

,
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

Net cost
estimated in
gold.

Interest due
at close of fis. cal year.

Accrued
interest paid
in coin.

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

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

Total
Five-twenties of
Five-twenties of
Five-twenties of
Five-twenties of
Consols, 1865
Consols, 1867
Consols, 1868

N e t cost in
currency.

28,151, 900. 00

,

Total
Five-twenties of
Five-twenties of
Five-twenties of
Five-twenties of
Consols, 1865
Consols, 1867
Consols, 1868

Premium paid.

FISCAL

J U N E 30, 1872.
1862
.'
March, 1864
June, 1864
1865

Total




,

2,542,631.20

32,478,881.20

28, 694, 017. 73

1,557,264.50

367,782. 53

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

3,935, 050.34

36,553, 500.34

32,248, 645.22

2, 059, 325. 50

430, 908.38

>
>4
o
te'.
IT:

m
te
Hi
te
d

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

te

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

GO

te
O

1,628,417.12
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 ,

Principal redeemed.

Y e a r ended—

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

•.

'.
•

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

Total

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

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

-,

.

,

. . .

Total

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

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,

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
. .
.

823, 082. 00

5, 785, 200.00
10, 869, 600.00
1, 789, 250.00

J U N E 30, 1875.
F i v e - t w e n t i e s of 1862
.

12, 872, 850.74

25,170,400.00

Total

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.
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. 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

Total.

17,900.00
15, 900. 00
2, 350.00
23, 600. 00
5, 700. 00
8, 500. 00
73, 950. op

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

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.
:
K
l

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'
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

Y e a r ended—

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
39.00
15.00 a
354.94
20.42
.91
39, 397.68
180,452. 69

1,493,360.87

220,280.64

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1,424, 592.00

69.00
30.00
1, 709. 25
105. 00
3.50
480,076.12
1, Oil, 368, 00

CC

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

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.

V ar-bounty scrip
V
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

"

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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

Total

...--J U N E 30,1896.

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
• O 71
i
.4,557.30

214, 900. 00

214,900.00

7, 505.47

2, 304. 05

5, 201.42

,

7,400.00

,

J U N E 30,1895.
July and August, 1861
1863
loan of 1881
loan of 1881, continued at 3^ per cent
1882
".
loan of 1891
-

IOO. 00
18,000.00
1, 000. 00
15,400. 00
4,400.00
176,000. 00

,

:

100.00
18, 000.00
1, 000. 00
15,400. 00
4,400. 00
176, 000.00

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

Total..

119,550.00

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

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
,




119, 550. 00

4 50

67, 600. 00

''.

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

7,400. 00
3, 000. 00
3,100. 00
2, 500. 00
7, 350. 00
96, 200. 00

3, ooo; 00

o

.

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

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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

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

v

$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

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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
in Treasury.
including
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

a E x c e s s of e x p e n d i t u r e s .

$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

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

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

E x p o r t s of
gold.

7, 976, 698

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

I m p o r t s of
gold.

80, 758, 396

3, 639,025

.>

25, 000
22,000
150,000
9,000
" 12, 000
25, 000
15, 000
13, 750

244, 330
9,145, 390
18, 846, 998
16, 256, 058
9, 555, 391
16, 506, 026
4.739, 902
577, 478
7,169, 774
15, 351, 980
1,315,777
322,155
100, 031,259

61, 886
90, 909
80, 914
169, 871
220,759
158, 574
30, 415
271, 379
160,786
88, 593
614,498
616, 548
2,565,132

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,
i
postal,
e x c l u s i v e of s pv enof p a l of
ri ci
postal.
debt, a n d
premium

Month.

$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

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




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

$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

,

,
-..

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

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.

$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

40,000

145, 543,810
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

398, 287, 582 265,408,138
37, 609, 830
26,175, 668
14,427,989
21,976,111
25,598, 046
12, 055,437
19, 950, 931
25, 306, 612
12^146,297

a 5,609,^017
5,012, 534
15,715,712
9, 061,158
711, 696
12, 974, 842
7,869,214
2, 099,401
15,924,442

22, 749,590
24,068,941
21,408,158
19,854,196
20,756, 392
18, 879, 395
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

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.

$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

132, 879,444

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

$40,000

I m p o r t s 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

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50,571, 894
26, 952, 088

Total for 12 months

Total for 12 months

244,126, 244

525, 690, 706

,

Total for 12 months.

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

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

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

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

242, 485,138 .
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

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

371, 463, 278

267,952,180

3, 010,429
1,626,531
2,074,599

21,047, 525
2,711,864
131,105

22,831,317

41,081,957

IOO, 000
120,000
460, 000
215, 000
995,000
552, 000
2,222, 000

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

30,000
180,000
590, 000

63i 463, 771 „

260, 226, 935

356, 459, 727

Total for 12 months

30,845, 833
27, 701,841
27, 993,802

104, 393, 626

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

July
August
September
October
November
Deceraber
1886—January
February
March
April
May
June
.




3, 371, 475
10, 600,576
10, 815, 974

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

23,938, 337
19,771,318
16,116,114

548, 519, 870

April
May
June

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

105, 471,098
aExcess of expenditures.

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

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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

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.

$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
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

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

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

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

105, 055, 443

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

$115, 700
149,820
• 135,160
43, 790
46, 390
36, 220
19, 250
30, 924
14,021
38, 950
49, 371
13, 000

78, 990
69, 363
22,453
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
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

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

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

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

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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
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
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

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

478, 353
•i80, 902
385,830

1,052, 355
288, 620
3, 731,366
17, 274,491
11, 860, 029
2,135, 853
281, 627
425, 235
567,152
632, 354
728, 246
4,010,146
5,155, 736
14,163,116
30, 580, 760
15, 822, 400

18, 232, 567

86, 362, 654

1, 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

a Excess of expenditures.

. 12, 943, 342

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
5, 986, 070

2, 341, 674

392,612,447

19, 464
SO, 164
11, 987
752, 586

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

186, 235, 572
190, 544, 854
190, 232, 405

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

7, 209, 411
9, 892, 799
11, 804,190

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

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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.

$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

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

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

$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

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

ETC.—Continued.

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
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

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

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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

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

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
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

'
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

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.

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

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T A B L E I . — S T A T E M E N T SHOWING T H E R E V E N U E S AND E X P E N D I T U R E S O F T H E 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

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

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
raonths

$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
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^,
including
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

Imports of
gold.

E x p o r t s of
gold. .

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

$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

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

:

T o t a l for 12

Expendit u r e s , excluR e v e n u e s , s i v e of p o s t a l
e x c l u s i v e of p r i n c i p a l of
postal.
debt and
preraiura.

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. B
O
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
397. 62
• 49, 056,
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
000. 00 17 840,
1820 , 000,
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 21 791,
1834
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, 0 .
6
3, 857, 276. 21 35, 340, 025. 1,458,782.93
82
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
472,224, 740.85 1,805,939, 345.
6. 095.11
II, 683,440. 89 1,

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.
634, 827.
792, 807, 643. 1, 066,
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,
245,196,303. 00, 568, 009.
116,314,^850. 00 452, 754, 577.
154,440,900. 00 525,844,177.
285, 016, 650. 664, 282, 724,
00
245, 111; 350. 632, 161, 408.
00
374,
245, 293j 650.
00| 648, 632.
821,
373, 208i 857.
75; 765, 305.
401,
381,463,512. 00, 736, 296,
347, 051, 586. 732, 871, 214.
00
006, 538.
50, 724,
8,633,295.71 417, 651, 223.
516,625.
11, 339,344. 62| 395, 787, 205.
50, 720,
482,710, 363.50 820, 852,810.
11,166, 246. 41
389, 930, 220. 737, 651, 925.
00
549,255.
333,227,920. 00| 738,
451,340,
522, 490, 720. 1, 038,
00
510,55?, 056.00,1,077, 798, 907.
218, 978, 610. 80G, 663,947.
00

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. 57
17,259,242,393. 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
024.58
9, 687,
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
,870,47
2, 898,,
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
370. 27
9, 893,
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
760. 98
5, 911,
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
541.01
15, 314, 17L00
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
304177
5,755, 704. 79
25,044, 358.40
9, 860,
24,585, 281.551 6, 014,539. 75
9, 443, 173. 29
30, 038, 446.12 4, 502,914.45
3.4, 800, 629148
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
134,433, 738.44
430, 572, 014. 0S| 1,295,541 , 114.86|

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

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
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]

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

731.41 160, 817, 099. 73
, 374, 677, 203.43 8,042, 233,
735, 536, 980.11 1,093,079, 655.27 198,076,537.09
970. 74 158, 936, 082, 87
692, 549, 685. 88 1,069, 889,
584,777, 996.11 183,781, 985,76
261, 912, 718. 31
702, 907,
393, 254, 282.13
842. 88 177, 604,116. 51
691, 680,
399, 503, 670, 65
858, 90 138, 019,122.15
682,525,270, 21 134, 666, 001. 85
405,007, 307. 54
524, 044,
233, 699, 352. 58
597, 91 159, 293, 673. 41
724, 698,
422,065, 060. 23
933. 99 178, 835, 339. 54
682, 000,
407, 377, 492.48
885. 32 172, 804, 061. 32
714,446,357.39 149,909, 377. 21
449, 345, 272. 80
565, 299,
323, 965, 424.05
898. 91 214,887, 645. 88
590, 641,
353, 676, 944. 90
271.70 286, 591,453, 88
966, 393,
699, 445, 809.16
692. 69 586, 832,588. 65
700, 233,
432, 590, 280. 41
238.19 231,940,064.44
425, 865,
165,152, 335. 05
222. 64 280, 607, 668. 37
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,
260, 520, 690.50
934.83 424, 941,403. 07
471, 987,
211,760, 353. 43
288. 54 521,794, 026.26
447, 699,
205,216, 709. 36
847.86 526, 848,755.46
539,833,501.12 512, 851, 454.56
271, 901, 321.15
517, 685,
249,760, 258. 05
059.18 659,449, 099.94
618, 211,
318, 922, 412. 35
390. 60 673, 399,118.18
630, 247,
312, 206, 367. 50
078.16 691, 527,403.76
731,126,376.22 726, 222, 332. 60
365, 352, 470. 87
684, 019,
338, 995, 958. 98
289.56 778, 604,339, 28
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,
396,190, 023. 35
469.43 846, 093,349, 62
718. 955,
353,180, 877.50
037.07 864,790,237,71
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,
365,582, 271. 25
117.77 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
25, 000, 000 680,588, 067
705, 588,067
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 • 691, 553, 578
716, 553,578
25,
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,
65, 837, 506 697, 216, 341 . 763, 847
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
249, 838
803, 068, 939 686,180, 899 , 1,487,
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
123,429
471, 638 .552,651,791
1,152,
1,685, 794, 044
956, 637 564, 837, 407
1,112,
142, 260 621, 076, 957 1, 677,219,197
1,131,
1, 752,808, 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
692, 216, 330 1, 905,996, 619
1.213, 785, 969
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
ies
d
of m e r - i s s u e d D u tn a g ea n a x tont .
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

1001.

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

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

oo

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

CO

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

14
2,269
2,736
721
1,203

489
428
33
245

87, 559

230

17, 581. 976
. 2, 268, 308

29,744

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

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

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

16, 358
516,280

101,831,747
1, 280, 445

2,679
103, 853
163,682
,610,1.36

'272," oie"
"""8,"306"

9,519
, 024, 959

1, 063, 820
175

1, 653, 745
391,648
67,065

1,782
1,712
14,441

173,050
11, 822, 664
181,100

. 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

25, 553

242. 799. 80
284,918.70
874. 26
2, 454. 73
44, 222.12
287,896. 29
126, 844. 54

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
a SOS. 9.^

534.02
196, 637. 78
293, 544. 66
94, 752. 39
2.90
7,137. 76
64, 570. 26

284, 769.79
125, 684.13

20, 034
2,160
9,103
14,146

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

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

K
l
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
of mer- i s s u e d [Duties eatn d tonCoastnag 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

1,998
78

Domestic.

$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

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

o

81
35
3
7
1
1,247
5
545
3,932
719

266
8
324
7
59
2,990
682

10
11, 355
151
5,059
443, 295
25, 535

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

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

12
1,377
1,199

873
4,163

678

142

.690

267
384

47
104

264
429

18

127
5
940

*i,'i87

115

54
3
931

8

1,773
5
781

260
496
9
43

92

5,276
475

1,125
1,314
11

341
503
3
61

Expenses.
Foreign.

Average
Oiumber C o s t t o
of p e r - collect
s o n s em$1.
ployed.

1,031

181

1,105

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

7,250

"ioe"
""i75'

138

141

'i38

"95
248

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:
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

Account.

$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

.June. 30,1900.

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

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

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

1-01,708,028.07

108,912,985.13

231 952,311.23

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

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

101,896,465.82

".

Oct. 1,1901.

130,055,845.41

•...
.-...

J u n e 29,1901.

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.

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

T i t l e of l o a n .

•

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 .

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.

Net saving.

.'.

50.425
75.857
49.740

'

Total.'.

838,671,568
7,830,213
8,046,643

87,462,296
957,641
2,546,482

53.142

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

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.

810,103,800
828, 650
1,428,320
13,757,700

811,451,651.95
900,553. 65
1,552,840.18
19,275,46]. 94

26,118,470

Total

81,347,851.95
71,903.65
124,520.18
5,517,761.94
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

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

l o a n 1907
1904
1908-1918
1925.

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:
• Registered.

Total

8472,183.00
60,378.50

82,482,417.00
2,229,703.75

4,179,559.25

F u n d e d l o a n of 1907
Consols of 1930

Coupon.

82,010,234.00
2,169,325.25

Loan.

Total.

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 .

el Jun Held June
R a t e . H30,d1899. e 30, 1900.

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

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

3.65

Total.. .

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

878,252,900
6,181,100
7, 555,950
446,000
5,166,800

515,000
41,444,530

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 stock.

8421,112,654
424,188,576
6,606,973.

.

1,609,550,720

316,614,114
75,247,497
300,161,552

346,681,01676,027,000
309,640,444

692,023,163

732,348,460

27,241,710
7,515,653

Total certificates

757,642,517

40,325,297

Total notes
Gold certificates
Silver certificates
Currency certiiicates

81,036,031,645
490,618,052
82,901,023

30,066,902
779,503
9,478,892

."

8614,918,991
66,429,476
76,294,050

851,908,203

Total metallic
United States notes
Treasury notes of 1890
National-bank notes

200,555,469
408,499,347
3,705,000

34,757,363

612,759,816
2,062,425,496

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

Afferreerate
• ' .Tune 2.9, 1901.
Gold coin and bullion
^.'.
Silver dollars
Subsidiary silver
\
Total metallic
United States notes
Treasury notes of 1890
National-bank notes.

In circulation.

. . . . . .
,

Total notes
Gold certificates
Silver certificates

..

Total certificates

48,615,212

Aggregate

675,356,477
2,177,186,965

Total metallic

2,483,488,290

541,025,153
455,109,468
8,464,829

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

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

,.

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

Total

. .
.

...

Total
Paid by the Treasurer and assistant
treasurers of the United States:
In Washington
In Chicago
In St Louis
In New- Orleans . •.
Total .'.

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

.

Paid by the Treasurer and assistant
treasurers of the United States:
In Washington
In Chicasfo
In st Louis
...
In New Orleans . . .
.. ^

1900—Receipts:
In February
In JNIarch
In April
Ih July
In August
In September
In Octol')er
In November
In December '

8713,500
10,000
850,000
2,800,000
3,965,000
2,050,000
2,950,000

United States Trea.sury
. notes.
notes.

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 -..'

Charlotte.

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

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

87,500,000
3,000,000
10,000,000
5,000,000
1,300,000

'i," 666,'666'
'i," 666,'666'

Total.
Fiscal year 1902.
1901—July
August
September
October
Total.

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
50,000
175,000

Total

50,000
50,000
50,000
100,000
600,000

500,000

Fiscal year 1902.
1901—July
August
September
October

50,000

....

Total

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

345,205,836

349,318,214

2,062,425,496

:

8630,407,728
245,715,739
• 66,587,893
429,640,738
79,700,088
47,540,245
332,468,013

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.

Fi.scal year 1901.
Average
' .value.-

Number of
notes and
certificates.

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.

-

Average
v a l u e of
notes
a n d certificates.

Amount.

6,481,124
6,486,296
5,540,289

84.597
4.625
5.426

18,507,709

Total

829,795,000 .
30,003,500
30,066,000
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.

Average
v a l u e of
notes
a n d certificates.

19,639,514

836,201,000
32,624,000
25,367,600

' 84.893
4 486
5.104

94,192,600

7,397,908
7,271,907
4,969,699'

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

Amount,

Express.
Number
of packages.

826
829
787
922
905
1,038
1,065
880
941
945
853
826

Total

ADDITIONAL

FACILITIES

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

July
August
September
October...
November
December.
January...
February .
March
April
May
June

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.

1902, first
quarter.

1900.
Washington
Baltimore
Nevv Y o r k .
Philadelphia
Boston
Cincinnati
Chicago
St. L o u i s
New Orleans
San Francisco
Total




.

.
..
:

;

.

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

1901.
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

86,663,500.50

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

Total

1902.

21,075,146.85

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?

1892, first
quarter.

1900.
Wa.shington...
Baltimore
New York
Philadelphia
Boston
Cincinnati
Chicago
St. L o u i s
New Orleans
San Francisco
Total

...

.

- -

-

...

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.

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

Total

8379,357.97

35,491,596.84

Copper cents
Copper half cents
Copper nickel cents.
Bronze cents
Bronze 2-cent pieces
Nickel 3-cent pieces.
Nickel 5-cent pieces.

Outstanding
June 30,1901.

2,555,126.46

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.

1902, first
quarter.

1900.
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

'.

8202,682
468,810
1,740,565
515,324
94,140
191,487
207,654
152,361
400
15,654

Total

^
.

.

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

..

•

1901.

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 . .

Loss.

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..
Total silver . .

Aggregate . . .




5,256, 621.15

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

Loss.

8167,420.00
79,990.00
159,035.00
6,592.50
180.00
109.00

2,172,074.00
2,025,734.50
702.80
1,055. 170.10
2. 704.40
235.35

Minor coin...

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.

'.

$29,516,890.79
5, 990, 282. 72

$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

25, 222, 490. 30

21, 335,107. 38

.

W ar
Navy
Interior—Indians
Interior—Pensions
Interest
Total.-..-.
P r e m i u m on b o n d s p u r c h a s e d
Publicdebt
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.

1,146, 489, 306. 03 1 077. 0 6 3 . 0.^2. 3 8

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

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.

Total receipts. Expenditures.

$48, 428, 526. 79
63,103, 514. 94

Total.

-12




$5,001,345.17

$53,429, 871. 96
63.103, 514.94

$52,031,268.30
63,103, 514. 94

111,532,041.73

The Treasurer.
Postmasters . . .

EI 1901-

Deficiency apReceipts from
postal revenues. propriation.

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.

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

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

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.
—RECEIPTS AND DISI3URSEMENTS
Wo. 5.

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

111,328
8,120

^

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
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

-

.

5,119,800

20, 397

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.

Account.

11, 000
675 500

Gold certificates.

Silver cerM i n o r coin.
tificates.

717 734
Total.

RECEIPTS.

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

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

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

$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

15,150,3.84
113

43, 251,162

10,083,132

81,843,158 I 6,226,496

Total.

5, 893, 702

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

77, 836, 088
4,293

10
25
26
33
49, 750

2,777, 020
604, 803
50,535

91,124, 095
384.159, 330
15, 560, 000

-

7, 353, 306

353,726,928

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.




64, 978
4, 980, 712
75,474,000

5, 817, 657
140
3, 355, 376
144,354

10, 345, 000
13,301,350
177. 851
243,575,176
7, 366,000

7, 083, 670
630,996,695
16, 351, 500
18, 622, 475
86. 995
2,125, 868
8, 863, 280
190, 830

7, 366, 000

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

$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

2, 861, 726

4, 884, 326

15, 346, 354

1, 641, 563

18, 851, 626

Total

81, 430
23,335
11,060,000
850, 355

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

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

i

3, 510, 440
3, 657, 360
829, 890

6,000

i93,"506'
254,800
456, 370

15, 616, 910

Account.

2, 017, O O
O
'

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.

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

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 . . .

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

50, 000
1, 961, 874

511
637,340
1, 959, 500
852, 600

250
10,840

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

Total
Account.

.

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

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

Gold coin.

Standard
silver
dollars.

$194,950

Account.

$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
...

$62
2
55
527
685.
848, 915

1,098, 888

$45, 000

11, 015
105, 000
679,310
3, 312, 670
351, 900
524,100
10, 205

2,000
39, 000
103, 500
529,000
29,000

500

746, 780
40,000
12, 000

$939, 685

.

3,306, 530

1, 600, 049

211, 880

21,775

1,417,821

Total

330, 000
94, 091

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

3.000
44, 910

846,533

Total

58, 475
13, 605
56,120
13, 790
211, 665

Nationalb a n k notes.

4,301,818'
Gold certificates.

2, 359, 095
Silver certificates.

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.

$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

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
—

. 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

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

Total.

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.

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

Account.

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

3,626,935
Nationalbank notes.

Account.

9,883,771
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

1,
7,
2,
2,

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
.•...
9, 483, 880

22, 226, 010

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.

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

Total

8, 354, 305

164
120, 645
150
878,124

990,515
3,127, 944
1, 248, 610
3, 701, 015

$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

3, 710,190

1, 291, 608

-

$168,983
508
1, 097
5,855
2, 261
55,198

1, 0.57, 706

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

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
300

6,500
11, 880

200
1, 549, 423

1, 269, 416

Account.

8,421,862

999, 201

10,184, 298

Nationalbank notes.

Total

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

$25,012

8,617
2,485
55, 340
5, 441,174

669
798
8,020
2 900
4 356
580

14,616

2, 721, 553

$53, 016

3,165

$3,029
198
3,889
20, 479
17, 966
806, 433

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 . . .

$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, 485
1226, 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

Total.

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

$62, OOD. 95

105, 727. 69

41, 277. 45

$11, 709. 40

213, 556. 57

Total available

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

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

568, 935: 99

503,647.14

137,449.39

1

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

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
250, 603, 840. 62,

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

946, 804. 59

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

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
375. 03
229, 782,
972.72
17, 052,
17,588, 101. 69
4,812,044.35
12,435, 570.29
21,021, 220.93
899.60
34, 868,
50,493,092.54
432,311, 128.63
444.47
93, 657,
3,702.17
028.11
5, 857,

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
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

931. 00
556.93
841.98

299. 00
753. 97
933.61

271.27
195. 40
806. 93
867.13

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

$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
383,801,367.31

Total

.$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
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,, 340, 890
i
144, 319, 562
,
140, 790, 738
I
,
140,, 817, 699
I
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,, 652,341
i
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,, 461, 962
I
218,, 857, 545
1
220,, 557,185
I
223,, 567, 376
i
218,, 263, 969
1
230,
1,131,162
242,
,670,174
243 ,235,735
246,
,561,322
221, 183, 644
,
231,
,150,064
249, 046, 644
I
,
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
July
June
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 11,959,
14.
1,574,360
11 621,
I,607,950
6 859,
1, 603,150
3 638,
,
1, 602,940
6 507,
1, 599, 510
7,897,
I, 593, 470
9 803,
,
1, 646,140
8,117.
1, 596, 890
6 636,
1.601, 240
7,575,
1,620,400
6 345,
1,608,740
7,098,
1, 630, 060
7,293,
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
=2
529, 352. i i 3
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,
376,
79, 842, 559 , 292,
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
379,883
, 015,
, 025,241,088
155, 849
. 043,
,
128. 288
. 048,
,
006,042
, 083,
428, 562
,097,
457,041
, 108,
379, 783
. 102,
,
008,129
, 104,
261, 826
,105,
496, 490
, 105,
,104, 014,185
841, 960
, 105,
, 111 447, 697
, 114 071, 877
, 131 451, 967
.134, 271,551
,139, 472, 931
829, 028
, 155,
399, 210
, 160,
085, 788
, 170,
,181 073,439
868,910
, 186,
342, 994
, 198,
, 197 840, 459
327, 475
, 213,
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 57,730, 384.00
20, 624,
453.00
297, 400,440. 00
3.5, 893,
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
000.00
. 17, 980,
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- -

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

Net

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

Total
Unknown, destroyed

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

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
';

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.

Total

$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

O n e t h o u s a n d dollars

$3, 656, 417
3,176, 000
10, 220, 000
17,560,000
3, 440, 000
6, 900. 000
6, 900, 000

51, 852, 417

1, 624,000

1, 624, 000

50, 228,417

4, 248, 424
6, 792, 000
14, 620, 000
15,360, 000
8, 320, 000 ,.
4, 090, 000
6,700, 000

7, 904, 841
9,968, 000
24, 840, 000
32, 920, 000
11,760,000
10, 990, 000
13, 600, 000

1, 502, 909
1, 257,066
1, 469, 585
1, 722, 330
360, 880
771,000
1, 563, 000

• 1, 642, 876
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.

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.

$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

Total

$10, 770,106
7, 888,000
20,100, 000
19,360,000
11, 040, 000
800, 000
1, 080, 000
16, 200, 000

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.

"

-

.

40. 000

Total

$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

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

. . .

$64,704,000
49, 808, 000
120, 740,000
104, 680, 000
35,760, 000
1,175,000
. 18, 000, 000
52, 568, 000

16,008, 000

-

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

• $28,000
1, 440, 000
5, 220,000
7,360,000
1, 920, 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.
Oneo dollar
T w 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

e e
T o t a l i s s u e d . d Rr id eg m e d r .
u n yea

$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
870. 00
65, 644,130. 00
9, 495,
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. 50 175, 708,892. 50
441,131,
454, 992,159. 00 105, 001,841.00
243, 681,350. 00 45, 824,050. 00
8,818, 385.00
58,831, 615.00
2, 817,920. 00
78, 722,080. 00
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.
,$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

F i v e t h o u s a n d dollars
T e n t h o u s a n d dollars

1,464,205,000

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, O D
C
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

Redeemed
during year.

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

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

Total
Net

$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

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

. .
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. O
G

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.
Issued durRedeemed durTotal issued.
ing year.
ing year.

1890.
3891
1892
1893
3894
3895
1896
1897.
1898..
1899
1900
1901

.

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

Fiscal year.

$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
90,910, 622 666,180,139
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
48, 067, 706 644,866, 968
44, 612, 311 629, 091, 424
47, 050, 824 620,026,413
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,
76, 563, 878 466, 500, 722
,210,111
391,
77, 036, 067 468, 246.178
,801,268
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,
76, 516, 800 469, 606, 589
,190,477
393, 277,722
76, 661, 555 469, 852, 032
393,
76, 627, 432 469,905,154
,411, 052
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 0 f
1i
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 • 167
577, 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 2 3 478,716
3
346, 681 016 146, 088, 400 211 691,035
346,681 016 145, 490, 280 • 211
372, 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,
693, 850, 282
631,703
440,419, 779 535, 945, 916 I, 671,
695, 189, 333
555, 028
443, 344,693
696, 579,609
966,841
534, 042, 539 1, 673,
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
992, 059
450, 612,934 536, 352, 931 I, 679,
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
406, 493
458, 270, 810 558, 639, 862 1, 706,
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,
582,717,292
461,832,672
838.059
670, 545,108
463, 367,029 587,590, 844 1,721, 502, 981
677, 774,595
464, 512, 031 592, 634, 275 1, 734,
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
589, 853
466, 061, 374 624,774, 899 1, 748,
653, 698,106
452,474
466, 034, 286 628, 720, 082 1, 748,
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
466.136, 692 643,092,599
651, 330. 762
467,135, 272 645, 831, 063 1,764, 297, 097
640, 535; 600
649,03 8,758 3,756, 658, 342
467,123, 984
627, 490,086
891, 581
464, 430, 238 653, 971, 257 1, 745,
626, 177,184
658,265, 708 1,751, 377.060
466,934,174
613, 042, 879
662, 606,408 1, 742,906,846
467, 257, 559
604, 464, 554
1,738,
467, 445, 050 667, 035,144 1,731, 944,754
592, 089,133
467,143, 056 072, 585,115 1,748, 817,304
603, 723, 903
678, 722, 511
466, 500, 722
947,136
645, 889, 540
695, 543, 342 1, 809,679,060
468 246,178
657, 505,880
1, 833,
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
711,837
470, 425, 236 708,380, Oil 1, 847,
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
484, 002
469, 837, 257 705, 854,741 1, 802,
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
461, 534
477,832, 094 704, 460,451 1, 823,
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.

,843 $1, 784,998,459
$598,956, 043 $488,540, 573 $697, 501,
612, 989, 590 489,136, 248 700, 582,:
051
.,213
1, 802, 708,
489, 864,261 - 704, 078,,
617,797, 966
,323
1,811,740, 550
492,908, 993 703,939,,633
622,672,115
741
1, 819, 520,
607,183, 582 494,193,973
703, 354,, 231 1, 804, 731.786
:
600,148, 847 495, 203,240
702,364,,843
930
1, 797, 716,
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
273
702,160,
),414
I, 904, 553,
511,372,172
697, 855,251
700,173,,958
1, 909, 401,381
698, 467,
702, 521, 724 512,988,961
,623
1,913,978, 308
582
697, 607,'
706, 368, 560 513,541,585
,437
1, 917, 517,
514,544,609 •696,265,,•280
374
708, 084,485
1, 918, 894,
971
701, 929, 314 516, 082,520
694, 339,
I, 912, 350,
M37
697, 223, 332 .516,365,969
692, 989,
),982
I, 906, 570,283
912
697,118, 880 517, 758, 480 691, 439,
,552
I, 906,316,
813
689, 946, 970 1, 910, 883,
517,854,115
703, 082,728
)
811
688, 294,
712, 660, 417 519,552,128
t,266
1, 920, 506,
326
686,126,!
522,355,545
729, 661,210
,571
1, 938,.143,
861
738, 584, 008 524,708, 340 684,108,,513
I, 947,400,
984
682,043,,937
745,037, 596 527,003,451
1,954, 084,
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
934
674,778,
793,033, 076 530,971,683
1, 998, 782,
},175
834,228, 646 532,208, 910 675,486, 047
)
2,041,923, 603
532, 788, 656 676, 358,
857,273,145
5,666
2, 066,420,467
055
675,788,,473
863,784, 929 534;293,653
2, 073, 867,
281
673, 674, 361
870, 384, 447 534,922,473
[
2, 078, 981,
458
535, 821, 852 673, 202, 946 2,093, 095,
884,070,660
},
537,171,717
901,341,264
680, 670,
),281
2,119,183, 262
925,070, 799 539, 076, 862 684,143, 432 2,148,291. 093
J,
540,100, 401 686, 659, i
935,930,605
),099
2,162, 690,105
949, 526, 013 541,355,172
687,022,
},166
2,177, 703,351
541,943, 595 685, 987;
958,679,680
;522
2,186, 610,797
966, 396, 746 543,119, 631 685,177, 378 2,194, 693,755
r
,-850
544,194, 365 684,770, 188 2, 202,126,.
973,162,297
)
331
980,062, 696 545; 521, 631 683, 996, 004 2,209, 580,
5
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,
999, 563, 565 550, 341, 086 681,220,: 519 2,231,125, 170
),
014,468, 049 553, 970, 712 679,575,1 920 2, 248, 014,681
)
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,
558,406,459
)
034,203, 613 560,535, 902 703, 090,; 354 2, 297,829,869
)
973
043, 525,117
714,669,: 382 2, 323,042,200
564, 848,474
1
041, 531, 374 569,170,051
726, 690,'
),775
2, 337, 392,180
036,031,645
732, 348, • 460 2,341, 899,772
573,519,075
J,
053, 518, 893 576,906,972
740,314,'
1,907
2,370,740, 164
049, 347, 994 580, 854, 829 741, 373,
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, 664
586, 757,447
2,410,722, 225
J
099,184,997
742,421, 316 2,429,210, 001
L
108, 541, 829 587, 603,912
592, 259,981
),191
748, 219,
2, 449, 021,009
112, 427, 728
751, 780, i
),887
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, 422 2, 477, 227,650
1
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,
),
124, 729, 261 610, 552, 826
398
612, 538, 923
748, 862,1 919 2,497, 372,533
135, 970,556
i,
615,490,217
748, 533,:
147, 836,145
760
{,171
2, 511, 859,
617,158, 406
748, 537, i
360,353,790
^564
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.

1,185
S 745, 840 $110,221
240,1,458, 573
106, 074,,550
103, 728,
232,1, 288,482
5,966
100,921,
237,', 349, 381
.,025
98,080,
, 562, 755
3,506
225,
95,217,
r,361
225, ,451,358
93,948,
237, , 410, 538
?,532
91, 262,
.,
231 964, 734
2,524
88,964,,047
,547,300
249:
83,959,
256, , 950, 326
),764
80,147,
r,901
274.:, 705, 483
84,171 ,221
261 , 367. 758
82,733,, 382
J
2681, 486, 236
85,546,
3,621
260:I, 734, 616
90, 244,
:,810
248,1,513, 640
92,253,, 627
J
247,•, 738,136
86,641 ,406
248,1. 848, 703
83,905,
),197
248.1, 583, 578
81, 563,
252,I, 389, 952
5,887
83,145,
),312
254,:, 432, 314
89,816,
251, 795, 544
5,063
101,759,
258;;, 996, 998
),955
104,676,
262,i, 183, 000
),398
103, 443, 936
262,I, 480,927
J,
27 ,722,410
r,666
100,797:
, 164,186
264,
,430
98, 464:
),
267, , 305, 587
99, 709, 432
;, 048, 318
5,970
99,588,
\ 202, 987
5,855
100, 226,
, 572, 329
),580
98,665,
),553
278, ,084,187
95, 735,
),654
272, , 395, 581
94, 920,
, 660,165
291,
96,704,283
306:, 301, 620
),780
96, 569,
., 736, 046
311
,482
95, 781,
312,1, 415, 738
,741
94,942,
I, 643,158
309:
,753
93, 993,
308:1, 305, 398
:,459
94,204,
I, 519,117
310,
),
94, 075, 701
312,1, 057,405
,041
93, 559,
.,
311 095,424
93,103 ,782
I, 547, 349
3io:,329,994
),792
92,605,
3ii: , 130, 421
92,358, 538
i,
),632
310, ,954,600
93,650,
314, ,264, 666
89, 957-, 175
',
•
317, ,811,976
88, 893 894
J,
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, 636.7 5 9
322, , 614,134
^
75, 247, 497
316,•, 910, 951
r,
72, 855,
317,•, 956, 971
),940
69; 890:
317, ,506,314
',651
67, 600,
324,;, 295, 061
),388
65,478:
333,;, 669,359
5,460
63, 361,
333: , 587,495
,330
61, 230,
334:., 054, 404
),359
58, 091,831
333,1,421,722
55, 857, 327
335,; 889,481
r
,
53, 728,
336, ,610,118
5,232
51,795:
337, , 483, 382
),097
49, 677,
334, , 468, 013
r,284
47, 540,
332,:, 820, 699
),245
45, 915
332, , 975, 624
),905
44, 300,
333, , 029, 866
),417
42,944,
338, , 781, 028
,781
41, 384
338,
1,614

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
120, 645, 819 ' 322, 035, Oil
323,192,660
114, 388,729
111, 485, 009 321, 279,132
322, 958, 953
105, 272, 029
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, 9.39
33, 966, 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
,
1, 528, 742, 057
414, 731,,675
,
1, 528, 629,463
414, 816,
),972
,
1, 540, 007,082
412, 704,,989
.,
1,521, 584,283
405,420, 268 1, 509, 725, 200
,
),
412, 490,
),150
1, 514 903,142
,
423, 002,, 533 1,539, 169, 634
.,
J
,
5,113
427, 473,
1, 582, 302, 289
,
428, 439,
>,431
1, 627, 055,614
,
432, 798,
5,870
1, 646, 444, 746
,
444, 873;,239
1, 650, 223,400
,
464, 273,,162
1, 665, 977,688
,
477, 779,
),320
1, 675, 694,953
,
475,942,
5,492
I, 669, 000,694
,
471, 080,
),938
1, 666, 560,383
,
465,94i;
L,637
1, 659, 733, 895
,
456, 752,
},287
1,646, 028, 246
,
457,500,,529
1, 646, 471,139
.,
468,155,
),126
1,665, 680,098
,
464, 343,,858
1, 678, 840, 538
,
5,028
457, 938,
1, 706, 732,904.
,
458,664,,376
1,721 •084,538
456, 568,,281
,
1, 72i; 100, 640
228
459, 085,
),699
,
1, 729, 991, 659
465,158,
5,216
,
1,726, 376, 645
461,990,
,
),097
I, 756, 058,
455, 553,
,
5,573
1, 806, 761,4-12
.,
5,474
453, 648,
I, 839, 898, 256
,
1,719
452, 524,
1, 843, 435,749
,809, 198, 344
5,115
446, 788;
1,
,
448,743,,382
1, 792, 096,545
596,392
.,
446,454,,644
1,816 575;782
446, 571,,484
I,
879, 504
448, 288,
5,795
I,
301, 412
447, 997,,254
,
1, 897, 260,557
447, 547,,623
,
1, 918, 842, 612
452, 472,
},544
.,
I 928, 846,942
,
454,101 ,655
.,
1,927, 867, 892
,
454, 489,
),278
1, 933, 501,009
,
455, 424,,831
I, 955,, 484, 239
.,
455, 380,,612
I, 932, 117, 204
.,
455, 637,
r,184
1,931, 131,141
,
491,491,,334
1, 942, 703,186
,
514, 697,
r,440
1, 948, 716,148
,
536, 304,,758
1, 963, 528,733
,978, 398,170
558, 806,
5,002
3,
,980, 149,355
568,143:
5,613
1,
;, 003, 931, 791
595, 981 ,934
2,
I,
596, 639;
),824
2. 002, 274, 506
,
591, 021,210
2, 021, 525, 463
1,
611, 981,,219
2, 060, 687,871
1,074, 425, 496
617, 31i:,948
2,
I,
612,759:
),816
2, 062, 353, 408
1,
620, 840,
),703
2, 087, 683, 042
1,
628, 824:,096
2, 096,294,983
,113, 181, 412
631,196:
5,084 "2,
,
638, 756,
5,714
2, 139, 761,367
,158,
),756
°654,549
2:, 173, 251, 879
656,747,
^332
2, 190, 780, 213
;,
696, 401,
L,601
2, 190, 609,144
:,
679, 889,
),429
2, 187, 243, 580
.
675,492,, 419 2,
.
304, 235
;,
683, 833, 321 2, 195, 497,515
5,
:, 184,
680,906,
5,147
2, 177, 186,965
:,
675, 356:
5,477
2, 189, 487,874
,
686, 518,
5,168
2, 197, 789, 824
;,
692,893,,491
188,491
2,
,227, 300,542
712,955, 131 2,
),
, 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
458
3, 355,
912
1, 835,
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
299
5. 811,
923
1, 641,
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
975. 31
13, 211',
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
175. 83
6, 596,
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. 88
132, 929. 53
34,859, 677. 26
1, 037, 430. 64 12,940, 208. 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,
-1 .33, 000
675, 000
890,
- 14, 000
!
34, 620,000
12, 746, 000
11, 305, 000
1"',585, 000
36, 350, 000
12, 455, 000
13, 890, 000
14, 835, 000
515,000
• 7,
•

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
notes. "
^

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.

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

Office.

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

653. 630. 00
53,996,119.35
23, 593, 342. 03
7, 264,490. 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

Total..

593,500.00
35, 274. 00
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
Bjpnds
Semiannual
N u m h e r t o s e c u r eheld
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 .
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

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 -

$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

D u t y paid
on circulation.
$81,
29,
20,
19,
40,
61,

933. 68
591. 95
914. 61
458. 68
637. 82
599. 68

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

N e w Mexico

73, 689, 649

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
T o t a l of S o u t h ern S t a t e s
Ohio
Indiana

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.

Redeemed
during
year.

Total
redeemed.

Outstanding.

$23, 285, 200
30,125, 840
60, 824, 000
45; 094, 400
67, 846, 000
39,420, 000

Total

M o . 6 7 . - -ONE

AND T w o

$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

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 . . . .

$130
200
200
100

266, 595,440

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
. . .
Unknown, destroyed . .

$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

210, 930, 875
10,590

69,125
10,590

211, 000, 000

Net

220
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....

Total
redeenied.

$100

$140, 085, 350
299, 945, 700
330,969,550
198, 954, 650

$9,400
46, 800
30,450
45, 350

1,955, 250

$140, 085, 350
299, 945, 600
330, 969, 550
198, 954, 650

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.

. . . .
•.

•

$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

.

90, 304
6,393
82
15,298
119,392
17,594
180

Total

Mo.

Amount.

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.

Coupons.

Treasury United States, Washington
Subtreasury United States, N e w T o r k
Totd

:
:.

Mo.

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.

Totalissued.

Converted
d u r i n g year.

$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

H o w payable.

T o t a l converted.

Outstanding.

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

9i, 680, OOO. 66 93, 680, 000. 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

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

53, 847. 50
346, 681,016. 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

Total

33,320,000.00

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

25,885,120
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

25,137, 600

6
6
6
6
6
6
5

Converted
and
exchanged.

13, 231,650
292,349, 600
807, 760

0, 074, 600
2, 269,580, 837

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

Total
redeemed.

Outstanding.

$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

$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

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

Total.,

202, 631, 750

Consols of 1867:
April 1,1879..
April 4,1879..
April 6,1879..
April 8,1879..
April 11,1879.
April 14,1879.
April 18,1879.
April 21,1879.
April 24,1879.
April 28, 1879.
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...

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

Total.
Consolsof 1868:
July 4,1879..

Redeemed
during
yiear.

96

Ten-forties of 1864:
July 9, 1879
July 18, 1879....
July 21, 1879....
Total.

$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

TotalFunded loan of 1891, continued:
August 18,1900
,
Aggregate .




$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
1,600

15, 024, 700
16, 304, 000
3, 269, 750

15,024,700
16, 304, 000
3, 269, 650

IOO

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. 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

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

121, 856, 050

103,132, 950

117
118
119
120
121

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

$500

Total
redeemed.

34, 598,450

114
115
116

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

$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.

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.

302, 258, 800

25, 457, 000
151
152
153
154
155
156
157

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.

,
$740, 327, 450 $1, 841,345. 26
I,
735, 029, 520 1, 833,885. 26
,
723, 499, 020 1,833, 105. 26
,
719,178, 570 1, 826,045. 26
,
713,488, 580 1, 824,165. 26
,
1,835, 805. 26
711,.313.1.10
,
700, 799, 360 1, 803,135. 26
V275.26
680,978, 020 1,777,
,
638, 688, 070 1, 750, 985. 26
1,
632, 283, 390 1, 708, 635. 26
, 345. 26
. 629,492, 590 1, 687,
!,
619, 019, 740 1, 682, 505. 26
I,
617,145, 750 1, 679,695. 26
.,
615, 501, 580 1, 671,865. 26
,135.26
613, 512, 780 1, 670,
,
610,773,520
1, 660,635. 26
,505. 26
610,529,120
1, 647,
:,
610, 529,120 1, 614,705. 26
,
1, 613,320. 26
610,529,420
,
610, 529, 420 1, 611,770. 26
,
585, 024, 720 9,127, 290. 26
',
585, 026, 720 6, 209,230. 26
», 770. 26
585, 026, 870 5, 279,
,
585, 026, 970 4, 633,340. 26
,
585, 027, 680 3,965, 900. 26
,
585, 028, 080 3, 725,410. 26
.,
585, 028, 630 3,461, 670. 26
,
.585, 029, 030 3, 304,210.26
,
585, 029, 280 3,167, 345. 26
,
585, 029, 330 2, 785,875. 26
,
585, 030, 380 2, 603,325. 26
i,
585, 031, 080 . 2,536, 765. 26
,145.26
585, 031.170 2, 510,
,555.26
585, 032,020 2,459,
!,
585, 032, 980 2,432, 015. 26
., 045. 26
585,033, 080 2, 385,755. 26
,
585, 033, 660 2, 357,305. 26
i,
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, 030. 26
I,
635, 042,810 1, 830,280. 26
;,
635, 042, 860 I, 828,930. 26
i,
639,143, 030 1, 826,800. 26
I,
679,168,130
1, 825, 690. 26
1,
684,323,730
1, 792,300. 26
I,
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, 721,650. 26
I,
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
353. 635, 445. 92 24, 582. 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
:
,
1,134, 695, 580. 98
,
1,126, 985,109.48
,
1,122, 396, 834.48
,
1,110, 459, 030.48
1,091 , 463,151.48
\
1, 050,093, 479.98
!
,
1, 042, 436, 557.98
,
1,037, 822, 233.48
I
,
1, 025, 672, 951.48
l,02i , 578,981.48
•
,
1, 017, 985,785.98
;
,
1, 013, 945,776.48
I
,
1, 010, 234,395.33
1
,
1, 008; 025, 226.83
>,
1, 005, 806, 560.61
:
,
1,004, 248, 958. 61
;
,
1, 003, 157, 742.11
: 335, 503. 61
,
I 309, 976. II
,
,739,986.61
977,
I
975,, 981,946. 61
; 986, 294.11
973,,
1
972,, 282, 890. 61
.
971:, 026, 528. II
,
970, 248,153.11
I
969:, 359, 253. 61
!
968,, 218,840. 63
•
967,, 378, 935.13
•
967:, 226, 419. 63
1 518,164.13
,
1
,
966, 322, 734.13
I 242, 799. 63
,
965,, 524, 753.13
:
964,, 803, 033. 63
;
963,, 281,752.63
;
963,, 828, 219.13
1
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, 016,897, 816. 68
s
1, 016, 833, 911.18
1
,
1, 016, 742, 013. 73
1
,
1,016, 566, 336. 68
,
1, 017. 667; 616. 68
1
,
1, 03 : 090, 525.18
•
,
I, 024, 241, 275. 68
,
I, 064, 049, 573.18
I
,
1, 069, 610, 527.18
i
,
1, 068, 647, 307.18
,
I, 096, 657, 819. 68
,
1
, 773, 392.18
1,097., 913,120. 25
i
1,096:, 258,435. 25
'
1,127, 963,479. 25
i
,
1,126,, 494, 999.75
;
1,126, 379,106.90
,
1,126, 883, 997. 90
I
,
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
i,
1, 636, 890.26 353 626, 547. 64 20,102, 022. 50
,547. 64
1, 633, 640.26 353 626,
19, 688,546. 50
',
1, 622, 960. 26 353 626, 547. 64
19, 229,828. 50
,867. 64
1, 621, 790. 26 353 625,
18, 845,768. 00
,
1, 607, 010.26 353 625, 867. 64
18, 474,380. 00
.,
1, 591, 620. 26 353 625, 867. 64
18, 544,249.50
S
1, 383, 070. 26 353 625, 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
i,
1,331, 540. 26 353 623, 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
,635.64
1, 328, 540.26 353 621,
33, 257,139. 00
,635. 64
1, 327, 670.26 353 621,
33, 352,434.00
,
1, 283, 780. 26 353 620, 615. 64
32, 612,218. 50
S
1, 280, 680. 26 353 620, 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
353 618, 987. 64 30, 072,331.00
,
1, 246, 870. 26
353 618, 987. 64 29,572, 380. 00
,
1, 241, 630. 26
618,
28, 593,029. 60
1,
1, 237, 200. 26 353 618. 987. 64 28, 868,814.00
,
1,237, 150. 26 353 618, 242. 64
31,792, 003.00
353
, 242. 64
1, 231, 670.26
31, 422,722. 00
,
1,219, 420. 26 353 618, 234.16
32, 935,782. 00
353 618, 356.16
',
1,238, 390. 26
353, 617, 356.16
34, 830,371.00
,
I, 218, 350. 26
35, 591,064. 00
353 617,
,272.16
3,218, 300. 26
353 616, 272.16 35, 817,381. 50
i.
1, 215, 740. 26
616. 272.16
35, 551,056.00
i,
1, 215, 150. 26 353
35,779, 355.00
,
1,215, 030. 26 353 616, 272.16
616, 272.16
35, 721,240. 00
,
1, 210, 030. 26 353
.^53 616, 422.16
35,145, 799.00
,
1, 209, 820. 26
34, 433,338.00
,
1. 208, 500. 26 353 615, 422.16
36, 299,218.00
i,
i; 208, 410. 26 353 615, 422.16
615,
36, 440,318.00
,421.91
1, 208, 000. 26 353
353 615, 318. 91 35,563, 340. 00
:,
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
:,
614, 853.91
37,113, 151. 50
1,181, 320.26 353
,
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,
33, 374,308. 00
,273.91
5, 516, 030.26 353 613, 273. 91
33, 732,795. 50
;,
3,430, 410. 26 353 613, 273. 91 32, 864,298.00
1,
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

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
147, 555, 272. 50

Total...

$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

BANKS

Balance.

1, 620, 410. 57 149,175. 683. 07

$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

$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

i^"'j

„

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

J une
Total

No.

D e l i v e r i e s on
redemption
accounts.

147,727,385.00

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

122,883.13

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

$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

..

$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
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.

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

1890..
1891.,
1892.
1893..
1894.,
1895.
1896..
1897-,
1898.,
1899.
1900.
1901.

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
512. 00
16, 009,.
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.

Ch rge
F i s c a l y e a r . t r a n sap o r tsa tforn .
io
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
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, 090,192, 313. 89
369,546.14

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

$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

Outstanding,

Month.

^ t^o nts . r
i

MONTH,

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 . . .

^^^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 .
. . .

30. 29

"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

- 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—May
June...
July
August
c September
October...
November
December
1882—January
February
March
April
May
June
July
August
September
October
November
December
1883'—January
February
March
April
May
June
July
August
September
October
November
December
1884—January
Fehruary
March
April
May
June
July
August
September
October
November
December
1885—January
February
March
April
May .
June
July
August
September .
October
November
Decem her..._...
1886—January
February
March
April
May
June
July
August . . . .
September
October
November
December
1887—January
Februa'ry
March..
April
May
June
July
August
September
October
November
December
1888—January
F e b r u a r y .".




45.67
40.94
33.50
35. 73
32. 24
33.26
32.22
•32.23
40.43
31.91
32.07
37.01
4L74
47.46
35.57
34.50
30.19
3L74
29.82
28.20
37.45
32.40
27.34
33.00
43. 58
44.70
37.37
39.87
37.72
35.05
36.04
37.21
53.22
41.39
29.34
45.45
5L49
56.06
54.89
52.36
48.21
44.85
42.76
40.23
54.26
49.60
40.08
56.39
60.15
51.34
40.17
41.33
33.01
22.58
21.18
33.06
49.85
41.40
28.34
36. 30
45.06
47.46
4L32
30.14
31.39
26.82
29.66
31. 81
43.50
38. 31
30.43
36.17
36.86
40.87
37.52
33.92
34.89
3L61
35.30
40. 27
47.05
47.70

Phila
BaltiBoston, Idelphia.l m o r e .

Chicage.

Cincinnati.

St.
Louis.

New
Orleans.

L94
1.30
1.26
L23
L21
.93
1.33
.99
1.12
L43
.89
L37
1.43
1.53
1.73
L43
1.19
a . 18
1.30
1.11
LOS
2.40
L26
L37
2.43
1.98
2.23
1.07
1.19
1.90
2.55
1.63
1.83
3.24
2.32
2.57
2.90
3.07
2.24
1.48
2.93
L90
3.09
3.24
2.56
2.10
2.44
2.22
2.57
2.72
2.89
2.16
2.66
2.46
3. .54
2.71
2.60
2.52
2.17
3.23
2.88
3.14
3.28
4.15
3.77
6.10
4.06
3.20
2.08
2.79
3.58
3.17
4.00
3.95
3.35
3.61
3.22
3.90
3.19
3.28
2.64
2.88

2.89
3.19
4.31
4.89
4.86
5.27
5.16
3.61
4.15
4.29
5.17
5.57
4.66
4.40
5.70
6.67
7.77
7.52
6.56
4.76
5.29
5.70
7.52
6.79
5.39
4.62
4.82
5. 55
7.03
5.38
5.67
4.70
2.72
3.90
0.30
4.27
4.42
3.34
2.98
3.45
4.37
3.90
3.77
3.28
2.47
2.35
4.18
2.89
. 2.60
1.67
1.89
2.35
2.78
2.99
7.28
4.39
4.08
3.63
4.06
5.90
6.12
5.95
6.09
6.93
6.40
6.57
6.35
4.85
4.3.3
4.90
6.29
7.92
7.61
6.37
6.79
7.22
7.70
7. 60
6.21
4.28
4.04
4.48

L42
1.29
L41
1.30
L82
L90
2.01
1.36
1.27
L28
1.69
1.67
1.86
1.37
1.73
L18
2.38
2.86
L86
1.08
L31
L35
L46
2.36
2.08
L52
1.21
1.47
L88
2.24
2.00
L21
.78
1.29
1.89
1.24
1.78
1.20
1.47
.89
L59
1.94
1.24
LIO
.90
1.08
1.31
1.04
.96
1.84
3.22
1.32
3.78
3.22
2.36
L38
.86
1..31
1.50
1.82
2.00
L79
1.63
L76
2.34
2.15
2.86
1.74
1.62
2.23
3.10
3.16
4.74
4.17
4.17
4.27
4.55
3.47
2.39
1.28
1.56
1.67

L17
L43
.90
L23
L55
L13
1.45
1.48
.94
1.34
1.24
1.20
2.18
1.67
1.11
1.30
1.40
LOO
3.26
.95
3.16
L13
L36
L40
2.03
L18
.84
.97
L28
1.20
L14
.99
.57
.76
L23
.88
.89
.75
.57
.62
LOO
.90
.58
.74
.46
.76
.76
• .72
.58
.40
2.11
2.93
. 2.77
2.70
3.17
2.42
1.97
2.35
3.19
3.60
2.47
2.80
3.24
3.69
5.26
5.44
5.54
3.30
2.37
3.12
4.19
4.18
4.40
4.22
4.68
3.40
4.17
4.48
3.52
1.66
L22
L35

.20
.38
.51
.60
.66
.48
.18
.46
.52
.47
.31
9.07
L79
2.09
2.06
.50
.18
1.00
-.52
.96
1.07
1.03
1.20
.99
L19
1.13
.96
2.86
2.10
1.68
1.02
1.25
2.05
1.62
1.39
1.44
L39
L53
2.55
2.44
L56
L13
.75
1.25

6.41
7.06
9.52
8.35
9.91

n.4o
11.58
35.39
11.35
12.57
7.96
6.46
7.22
7.06
11.11
13.53
10.09
13.62
18.87
28.52
21.18
20.14
19.02
11.79
10.32
14.00
16.89
17.81
13.61
18.14
19.60
25.04
16.30
19.40
19.77
12.30
8.27
5.84
13.95
13.69
16.19
24.12
26.98
26.14
19.96
16.20
22.54
12.43
12.61
16.41
23.35
25.56
26.16
23.69
30.10
29.61
24.56
24.43
21.85
20.65
16.29
32.32
18.39
20.12
14.91
16.39
14.33
24.04
21.67
15.00
9.55
7.01
7.53
5.83
9.01
12.35
9.13
14.64
18.47
25.34
20.66
12.14

8.51
U.OO
9.48
8.52
9.19
7.89
8.64
8.40
6.28
6.35
6.49
8.63
7.87
7.66
7.48
7.44
9.15
8.63
5.55
5.76
4.79
8.420 7.56
5.91
5.34
5.63
6.61
7.01
7.20
7.88
5.33
4.01
3.08
5.54
4.19
4.09
3.88
4.13
6.00
5.60
6.03
7.38
4.52
5.10
4.33
4.76
4.03
3.24
5.95
5.09
7.67
5.26
6.16
6.16
3.46
4.77
5.35
7.61
6.61
5.79
6.74
8.15
10.28
9.38
8.72
9.14
4.65
7.68
7.25
7.83
8.72
9.97
10.08
10.10
9.43
9.03
7.14
5.97
4.46
5.84

283

TREASURER.

No.

9 9 . — P E R C E N T A G E O F NATIONAL-BAUK NOTES R E C E I V E D F O R 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 PLACES, ETC.—Continued.
New
York.

1888—March
April
May
June
July
August
September .
October
November..
Decemher . .
1889—January . . .
February . .
March ."
April
May
June
July
August
September .
October . . .
November..
December..
1890—January . . .
Fehruary . .
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
1.
May
June
July
August
September .
October
November..
December..

Boston. Phila- Baltidelphia. m o r e .

38.89
8.79
45.86
9.25
5L78
10.16
55.27
7.79
47.88
15.18
44.66
11.87
36.39
11.07
30. 21
17.07
3L04
19.35
40.29
2L86
48.09
19. 57
42,91
12.4U
35.80
7.11
4L73
6.23
4.94
5LI1
54.15
4.43
43.90
1L63
43.80
8.23
9.64
35. 33
37.89
13.26
38.55
12.96
40.07
15.61
17.83
43.94
4L27
9.64
37.89
9.06
7.20
40.68
44.96
7.51
45.99
7.59
40.72
12.38
36.25
1L64
38.35
10.95
32.82
12.40
36.17
13.87
13.54
35.49
56.17
n.59
46.40
10.82
10.08
39.47
8.99
42.45
55.19
6.34
7.23
56.69
49.51
10. 71
41.78
12.69
12.00
41.91
13.