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ANNUAL REPORT
OF THE

Secretary of the Treasury
ON THE

STATE OF THE FINANCES
FOR THE

Fiscal Year Ended June 30,1903.

WASHINGTON:
GOVERNMENT P R I N T I N G O F F I C E .




1903.




TREASURY DEPARTMENT,

Document No. 2343.
Secretary.

^50

OOWTE]^TS.
Pasre.
RECEIPTS AND EXPENDITURES

1

Fiscal year 1903
Fiscal year 1904
Fiscal year 1905

1
6
6

OPERATIONS OF THE TREASURY

7

NATIONAL BANKS

9

Comparative condition of national banks

12

M I N T SERVICE
LOANS AND CURRENCY

13
15

o

PUBLIC MONEYS

17

ENGRAVING AND PRINTING

17

CUSTOMS

18

Reorganization of districts
Improved methods at ports
Smuggling
Undervaluation

18
20
21
. 22

INTERNAL REVENUE

23

PUBLIC BUILDINGS

24

PNEUMATIC DISPATCH SYSTEM

25

PuBi-vic H E A L T H AND MARINE-HOSPITAL SERVICE

....

Sanitary convention of Anierican republics
National quarantine service
Smallpox, plague, and yellow fever
'.
Marine hospitals
Sanatorium for consumptives, Fort Stanton, N. Mex
Medical inspection of immigrants
Personnel
Expenditures
•.

25

25
25
26
27
27
27
28
28

LIFE-SAVING SERVICE

28

REVENUE-CUTTER SERVICE

•.

30

Vessels
Discipline
Pensions

30
31
32

SECRET SERVICE

32

DISTRICT OF COLUMBIA

32

STATE BONDS AND STOCKS OWNED BY THE UNITED STATES

33

CENTRAL PACIFIC DEBT




33

?

III

CONTENTS.

IV

Page.
H A W A I I A N DEBT

34

H A W A I I A N F I R E CLAIMS

34

SEPARATED BUREAUS AND OFFICES

34

Immigration

^.

35

Chinese exclusion

36

Seal fisheries of Alaska

37

Salmon fisheries of Alaska

:

37

Light-House Establishment

37

Coast and Geodetic Survey

38

Navigation

40

Steamboat-Inspection Service

41

Foreign Commerce

42

National Bureau of Standards

^

44

International metric system
OUR MONETARY SYSTEM

44
:

.^

45

National-bank circulation

46
o

Subsidiary coinage

46

Bank notes of small denominations

47

OTHER. RECOMMENDATIONS

47

Tables accompanying the report.
TABLE A.—Statement of the outstanding principal of the public debt of the
United States J u n e 30, 1903
TABLE B.—Statement of t h e outstanding principal of t h e public debt of the
United States on t h e 1st of January of each year from 1791 to
1843, inclusive; and on the 1st of July of each year from 1843 to
1903, inclusive
..
TABLE C.—Analysis of the principal of the public debt of the United States
from J u l y 1, 1856, to July 1, 1903
;
TABLE D.—Statement of the issue and redemption of loans and Treasury notes
(by warrants) for the fiscal year ended J u n e 30, 1903
TABLE E.—Statement showing t h e purchase and redemption of bonds on .
account of the sinking fund during each fiscal year from its institution in May, 1869, to and including J u n e 30, 1903
TABLE F . —Sinking-fund account for fiscal year 1903
TABLE G.—Population, iiet revenue, and net expenditures of t h e Government
from 1837 to 1903, and per capita of the revenues and per capita
of expenditures
^
:
TABLE H . — I n t e r n a l and customs revenue and expenses of collecting from 1858
to 1903
TABLE I.—Statement showing the,revenues and expenditures of the Government by months; the legal-tender notes, net gold, and available
cash in the Treasury at the end of each month; t h e monthly
redemption of legal-tender notes in gold, and t h e imports and
exports of gold from July, 1879, to June, 1903, inclusive
TABLE J.—Statement of receipts of t h e United States from March 4, 1789,
to J u n e 30, 1903, by calendar years to 1843 and by fiscal years
(ended J u n e 30) froin t h a t tim^, ^^ ^ , , , , , , , , , , . . , ,
,,,,,,,,,



51

63
64
68

69
77

78
79

80

83

CONTENTS.

V
Page.

TABLE K.—Statementof expenditures of the United States from March4,1789,
to J u n e 30, 1903, by calendar years to 1843 and by fiscal years
(ended J u n e 30) from t h a t time
TABLE L.—Statement pf t h e net disbursements (by warrants) during t h e fiscal
year ended J u n e 30, 1903
TABLE M.—Statement of the .coin and paper circulation of the United'States
from 1860 to 1903, inclusive, with amount of circu ation per
capita
.„
TABLE N.—Statement of United States bonds and other obligations received
and issued by the ofiice of the Secretary of the Treasury from
N o v e m b e r l , 1902, to October 31, 1903
.....
TA]3LE 0.—Statement showing t h e aggregate receipts, expenses, average number of persons employed, and cost to collect internal revenue in
the several collection districts duriug the fiscal year ended J u n e
30, 1903
TABLE P.:—Statement of customs business for the fiscal year ended J u n e 30,
1903....
:
RE]'ORT OF THE TREASURER

92
96

99

100

101
102

109-277

Condition of the Treasury

109

Revenues and expenditures for 1902 and 1903

109

Comparison of income and outgo

109

Transactions in the public debt

. 110

. Ordinary and debt transactions combined

110

Revenues and expenditures for t h e first quarter of 1903 and 1904

Ill

The reserve and trust funds

Ill

Redemption of notes in gold . . ' .

...

General fund—cash in the vaults

Ill
112

Net available cash balance, largest in our history

113

Withdrawal of Treasury n o t e s . . . . . . . . . . . . . . . . - - ' - - - - . . 1 . . . . 1

114

Bonds bought for the sinking fund.

114

Anticipation of interest'

'..'..

........-:

.".;. ^

115

Bonds exchanged into consols of 1930

115

The public debt, 1902,1903, and first quarter of 1904

116

Prepayment of bonds

117

:

Foreign holdings of United States bonds.

...-,.

Bonds held as security for bank circulation and deposits

117
118

Banks grouped according to bonds held to secure. circulation

118

Withdrawal of bonds to secure circulation

119

:

Banks grouped according to bonds held to secure deposits, and by States.

120

State and municipal bonds for public deposits

121

Public deposits in banks during a c e n t u r y . . i

122

The monetary stock, 1902, 1903, and first quarter of 1904

128

Ratio of gold to total stock of money

129

Gold in the Treasury from 1897

130

Gold deposits in mints and assay offices

130

Receipts from customs at the port of New York

131

Imports and exports of gold



131

VI

CONTENTS.

REPORT OF THE TREASURER—Continued.

Page.

Money in circulation

131^

Circulation and population.

:

132

Transfers for deposits in New York

132

Exchange paid for gold received at western mints and assay offices

136

Classification of currency of $20 and below, and above $20

139

Kinds ot currency

--

Ratio of $10 and less to all paper

140
140

Paper currency prepared for issue since 1890

141

Paper currency issued 1902, 1903, and first quarter of 1904

142

Paper currency redeemed 1902, 1903, and first quarter of 1904

142

Percentage of value of notes and certificates
Shipment of currency from Washington, 1902 and 1903
Redemption and exchange of all kinds of money

143
. 144
145

Currency sent to the Philippines

146

Redemption of national-bank notes

147

Exchange of Porto Rican coins

148

Movement and exchange of standard silver dollars

148

Movement and redemption of subsidiary silver coins

149

Advance in volume of minor coins

149

Minor coins outstanding and redeemed and cost of transportation

150

Redemption of minor coins

151

The recoinage, 1902 and 1903

151

Spurious issues detected in t h e fiscal year

151

Pacific Railroad notes and bonds

152

Special trust funds

152

District of Columbia sinking fund . . . . - . ; .

153

The work of the Treasurer's office

153

Appendix to report of the Treasurer.
No. 1.—Revenues and expenditures for the fiscal year 1903
No. 2.—Net ordinary revenues and expenditures for each quarter of the
fiscal year 1903
No. 3.—Receipts and expenditures on account of the Post-Office Department for the fiscal year 1903
No. 4.—Receipts and disbursements of each kind of money on all accounts
at the Treasury in Washington for the fiscal year 1903.,
No. 5.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in Baltimore for the fiscal year 1903
No. 6.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in New York for the fiscal year 1903
No. 7.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in Philadelphia for the fiscal year 1903
No. 8.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in Boston for the fiscal year 1903
No. 9.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in Cincinnati for the fiscal year 1903
No. 10.—Receipts and disbursements of each kind of money on all accounts

at the subtreasury in Chicago for the fiscal year 1903


155
155
155
156
157
158
159
160
161
162

CONTENTS.
REPORT OF THE TREASURER—Continued.

No. 11.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in St. Louis, for the fiscal year 1903
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 3 . . . . .
No. 13.—Receipts and disbursements of each kind of money on ail accounts
at the subtreasury in San Francisco for the fiscal year 1903
No. 14.—Total receipts and disbursements of each kind of money on all
accounts at the Treasury offices for the fiscal year 1903
No. 15.—Assets and liabilities of the Treasury offices, J u n e 30, 1903 . . . . .
No. 16.—Assets of the Treasury in the custody of mints and assay offices,
J u n e 3 0 , 1903
No. 17.—General distribution of t h e assets and liabilities of t h e T r e a s u r y . .
No. 18.—Distribution of the .general Treasury balance, J u n e 30, 1903
No. 19.—Available assets and net liabilities of the Treasury at the close of
June, 1902and 1903
No. 20.—Assets and liabilities of t h e Treasury in excess of certificates and
.^
Treasury notes at the close of June, 1902 and 1903
No. 21.—Unavailable funds of t h e Treasury and Post-Office D e p a r t m e n t . .
No. 22.—Gold coin and bullion in t h e Treasury at the end of each month,
from January, 1890..
No. 23.—Silver coin and bullion in the T r e a s u r y a t t b e e n d o f each month,
from January, 1890
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 t h e end of each month, from January,
1890
No. 28.—Liabilities of t h e Treasury at t h e end of each month, from January, 1890
No. 29.—Assets of t h e Treasury in excess of certificates and Treasurynotes
at the end of each month, from January, 1890
•.
No. 30.—United States notes of each denomination issued, redeemed, and'
outstanding at the close of each fiscal year, from 1890
No. 31.—Treasury nctes of 1890 of each denomination issued, redeemed,
and outstanding at the close of each fiscal year, from 1891
No. 32.—Gold certificates of each denomination issued, redeemed, and outstanding at t h e close of each fiscal year, from 1890.. .*.
No. 33.—Silver certificates of each denomination issued, redeemed, and outstanding at t h e close of each fiscal year, from 1890
No. 34.—Currency certificates of each denomination issued, redeemed, and
outstanding at t h e close of each fiscal year, from 1890
No. 35.—Amount of United States notes. Treasury notes, and gold, silver,
and currency certificates of each denomination issued, redeemed,
and outstanding at t h e close of each fiscal year, from 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




VII
Page.

163
164
165
166
167
168
169
169
170
170
171
172
174
176
178
180
182
184
186
188
191
193
195
197

198
201
204
204

VIII

CONTENTS.

REPORT OF THE TREASURER—Continued.

Page.

No. 39.—UnitedStates paper currency outstanding at the close of each
fiscalyear, from 1890
No. 40.—Estimated stock of gold coin and bullion at the end of each
m o n t h , 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 notesoutstanding at the 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 of all kinds of money at the end of each month,
from Jariuary, 1890.
:
No. 45.—Estimated 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 the.end of each inonth, 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
"^^'- ^ "^'V^-v'-io '- • • ^^® ®^d. of each month, from January, 1890
No: 50.—Changes in the A^olume of money in circulation from internal
expansion and contraction and from imports and exports of
gold during each month, from January, 1890
No. 51.—United States. notes and Treasurynotes redeemed in gold, and
imports and exports of gold during each month, from January,
•'•>v?yS|,v:v.,. 1^9^
-• Np^'^^^^United States notes and Treasury notes redeemed in gold, and
V . "^ i^-'^K * ^ ^ V i ^
^ ^ ^ exports of gold during each fiscal year, from 1890.
\ ^'"^'\i|o^;53.--Treas
of 1890, issued,-retired by redemption in silver
;&®
.^" - \
dollars; and outstanding, togethei?5\^ith the silver in the Treas;\ %• ^ '^
• " ^ ... ^ r y IpurMiaseS-rby such notes, for each month, from August,

.^ ?^-v^!

V^^^??!^---"5^:^--^'^

'No.
^
No.

No.
No.
No.
No.
No.

No.

------

-

54.—Tftrisac.tiqp"tetweenthe subtreasury and clearing house in New
York*diiring;ea^h month, from January, 1890
55.-HAmount of^e^cH* kind of money used in settlement of clearinghouse balances against t h e subtreasury in New York during
each month}'"from January, 1890...."..
56.—Monthly receipts from customs at New York and percentage of
each kind of money received, from January, 1890:
57.—Subsidiary silver of each denomination in each office of the Treasury and Mint J u n e 30, 1903 . .
58.—Minor coin of each denomination in each office of the Treasury
and Mint J u n e 30, 1902
59.—Shipments of silver coin from each office of the Treasury and
mints,from J u l y l , 1 8 8 5 . . . .
60.-^Shipments of silver coin from t h e Treasury offices and. mints
during each fiscal year from 1890, and charges thereon for
transportation
61.—Balance in t h e Treasury, amount in Treasury offices, and amount
in depositary banks from 1789 to 1903




204
205
207
209
211
213
215
217
219
221

223

225

227
229

229
231

233
236
238
238
239

239
240

CONTENTS.
REPORT OF THE TREASURER—Continued.

IX
page.

No. 62.—National banks designated depositaries of public moneys, cor. rected to October 1, 1903......
242
No. 63.—Number of national banks with seiriiannual duty paid, by fiscal
years, and number of depositaries with bonds as security, by
fiscal years
.'
252
No. 64.—Average amount of national-bank notes in circulation, and
, . . amount of d u t y paid thereon, during t h e fiscal year 1903 by
national banks, in each State and Territory
252
No. 65.r—Receipts and disbursements of public moneys through nationalbank depositaries, by fiscal years, from 1890
.
253
No. .66.—Old demand notes of each denomination issued, redeemed, and
outstanding J u n e 30, 1903 . . . . ' . . . '
„
253
No. 67.—Fractional currency of each denomination issued, redeemed, and
outstanding J u n e 30, 1903
253
No. 68.—Compound-interest notes of each denomination issued, redeemed,
. . ..and.outstanding J u n e 30, 1903
253
No. 69.—One and two year notes of each denomination issued, redeemed,
and outstanding J u n e 30, 1903
254
No. 70.—United States paper currency of each class, together with one and
two year notes and compound-interest notes issued, redeemed,
and outstanding J u n e 30, 1903
: 254
No. 71.—Seven-thirty notes issued, redeemed, and outstanding J u n e 30,
.1903
254
No. 72.—Coupons from United States bonds and interest notes paid during the fiscal year 1903, classified by loans
254
No. 73.—Checks issued for interest on registered bonds of the United
. .
States during the fiscal year 1903
255
No. 74.—Statement of interest prepaid from October 1 to November SO,
1902, under Department Circular No. 115, dated September 25,
1902
..
255
No. 75.—Interest on 3.65 per cent bonds of t h e District of Columbia paid
during the fiscal year 1903
255
No. .76.—Refunding certificates, convertible into bonds of t h e funded loan
.of 1907, issued, converted,, purchased, and outstanding
256
No, 77.—Bonds purchased during t h e fiscal year 1903
256
No. 78.—Bonds received in exchange for consols of 1930 during the fiscal
year 1903
256
No. 79.—Public debt at the close of J u n e 30, 1902 and 1903, and changes
during t h e y e a r .
256
No. 80.—Public debt J u n e 30, 1903, and September 30, 1903, and changes
during t h e period
257
No. 81.—United States bonds retired, from May, 1869, to J u n e 30, 1903 . .
258
No. 82.—Bonds and other securities retired for the sinking fund during
the fiscal year 1903, and total from May, 1869
259
No. 83.—Bonds called, redeemed, and outstanding J u n e 30, 1903
259
No. 84.—Public debt, exclusive of certificates and Treasury notes, at the
end of each month, from January, 1890
262
No. 85.—Lawful money deposited in t h e Treasury each month of the
fiscal year 1903 for t h e redemption of national-bank notes . . . .
264
No. 86.—Disbursements from redemption accounts of national banks each
month of the fiscal year 1903
.265
No. 87.—National-bank notes received for redemption from the principal
cities and other places each month of t h e fiscal, year 1903, in
265
 thousands of dollars.



X

CONTENTS.

REPORT OF THE TREASURER—Continued.

Page.

No. 88.—Redemptions and deliveries of national-bank notes each month
of the fiscal year 1903
No. 89o—Redeemed national-bank notes delivered from the Treasury each
m o n t h of the fiscal year 1903
No. 90.—National-bank notes received for redemption from the principal
cities and other places, by fiscal years, from 1890, in thousands
ofdollars.
No. 91.—Result of the count of national-bank notes received for redemption, by fiscal years, from 1890
No. 92.~Disposition made of the notes redeemed at the National Bank
Redemption Agency, by fiscal years, from 1890
No. 93.—Mode of payment for notes redeemed at the National Bank
Redemption Agency, by fiscal years, from 1890
No. 94.—Deposits, redemptions, assessments for expenses, and transfers
. and repayments on accomit of the 5 per cent redemption fund
of national banks, by fiscal years, from 1890
No: 95.—Deposits, redemptions, and transfers and repayments, on account
of national banks failed, in liquidation, and reducing circulation, by fiscal years, from 1890
No. 96.—Expenses incurred in the redemption of national-bank notes, by
fiscal years, from 1890
No. 97.—General cash account of t h e National Bank Redemption Agency
for t h e fiscal year 1903, and from J u l y 1, 1874 . . . ,
No. 98.—Assets and liabilities of the 5 per cent redemption fund of national
banks at the end of each month, from January, 1890
No. 99.—National-bank notes outstanding at the end of each month, and
monthly redemptions, from January, 1890
No. 100.—A verage amounts of national-bank notes redeemable and amounts'
redeemed, by fiscal years, from 1890
No. 101.—National-bank notes outstanding, by months, ^forthe fiscal years
1902 and 1903, and the amount and per cent of increase in 1903.
No. 102.-- National-bank notes presented for redemption, by inonths, for
the fiscal years 1902 and 1903, and the amount and per cent of
increase in 1903
No. 103.—Percentage of outstanding national-bank notes redeemed and
assorted each fiscal year, from 1891, by geographical divisions.
No. 104.—Average amount of national-bank notes outstanding, and the
redemptions, by fiscal years, from 1875
No. 105.—Percentage of national-bank notes received for redemption from
the principal cities and other places, by months, from January, 1890
No. 106.—Changes during the fiscal year 1903 in the force employed in the
Treasurer's office
No. 107.—Appropriations made for the force employed in the Treasurer's
office, and salaries paid during the fiscal year 1903
REPORT OF THE DIRECTOR OF THE MINT

266

266
266
267
267

267

268
269
269
269
272
273
273

273
274
275

275
277
277

279-440

Coinage of the year
Silver bullion nearly exhausted

265

.279
^.

,..

279

Philippine and foreign coinage

279

Earnings and expenditures

280

The mints

280

Deposits of gold bullion, fiscaf year 1903



281

CONTENTS.

XJ

REPORT OP THE DIRECTOR OF THE MiNT^^Continued.

. Page.

Uncurrent domestic gold coin for recoinage

281

Deposits of foreign gold
Redeposits of gold bullion

«

282
283

Deposits of silver bullion, fiscal year 1903
Uncurrent domestic silver, coin for recoinage

284
284

Deposits of gold since 1873
1
Deposits of silver at United States mints and assay offices since 1885

287
288

Coinage of the United States
Recoinage of standard silver dollars
Recoinage of uncurrent coin

288
291
291

Bars manufactured
Work of Government refineries
Purchase of silver

291
292
292

Balances of silver bullion
"
Market price of silver, fiscal year 1903

296
296

DisM^ution of silver dollars
. Circulation of silver dollars
Seigniorage on silver coinage
Appropriations and expenditures
^
Appropriations and expenditures of t h e Office of the Director of the Mint,
fiscal year 1 9 0 3 . . . .
Earnings and experiditures, mints and assay offices

297
298
298
299

Classified statement of expenditures
Imports and exports of t h e precious metals
Movement of gold from port of New York

300
301

302
£. . 303
306

Stock of money in t h e United States
Ownership of metallic stock

307
308

Stock and location of metallic and paper money in the United States . . ^.

309

Stock of gold and silver in United States since 1873
United States gold coin in Canada

310
311

Stock of money in principal countries of t h e world in 1873
World's stock of money

311
311

Gold and silver used in the industrial arts
Exchange of gold bars for gold coin

_

314
^18

World's industrial consumption of precious metals, 1902
Product of gold and silver in the United States in 190^

319=
319

Product of gold and silver from mines of t h e United States since 1860^
World's production, 1900, 1901, and 1902

320
320

World's production of gold and silver since 1860
World's coinage, 1900, 1901, and 1902

321
321

World's coinage by calendar years since 1873

322

Foreign coins melted by certain countries
Recoinages of t h e world

^

Imports and exports of precious ri^etals of principal countries, 19Q2



322
323
324

XII

CONTENTS.

REPORT OF THE DIRECTOR OF THE MINT—Continued.

Page.

Value of foreign coins

'

325

Laboratory of the Bureau of the Mint.

327

Proceedings of the assay commission, 1903

327

Operations of the mint of the United States at—
Philadelphia, Pa

329

San Francisco, Cal

341

New Orleans, La

i

347

Operations of the assay office of the United States at—
New York, N . Y

350

Carson, Nev

....:..

353

Denver, Colo,.

353

Boise, Idaho

:

354

Helena, Mont

355

Charlotte, N . C
St. Louis, Mo

..-..
-

356

ff^.

356

'.

Deadwood, S. Dak

356

Seattle, Wash

357

Bullion operations, legal allowance and wastage, fiscal year 1903

358

Quantity of metal operated upon, wastage, and loss, fiscal year 1903

359

Summary of the work of the minor assay offices

359

Summary of operations of mints and assays offices

360

Metallurgical operations

360

Mechanical operations^

361

Work of minor assay offices-.-.

361

Operations of the Mint Service

361

Melts of gold and silver for ingots made and condemned

362

Comparison of business of the mints and assay offices of the United States
for the fiscal years 1902 and 1903
Receipts and disbursements of gold bullion, fiscal year 1903
Monetary legislation.
Philippine government, an enactment of the Philippine Commission.
Monetary statistics of foreign countries

362
364
365
369
371

Appendix to report of the Birector of the Mint.
I.—Deposits and purchases of gold and silver, by weight
II.—Deposits and purchases of gold and silver, by value
^
III.—Deposits of unrefined gold of domestic production, by weight
I V . ^ D e p o s i t s of unrefined gold of domestic production, by value
v.—Deposits of unrefined silver of domestic.production, by weight
VI.—Deposits of unrefined silver of domestic production, by v a l u e . . . . . . .
VII.—Bars manufactured, h y weight
VIII.—Bars manufactured, by value
IX.—Mutilated and uncurrent domestic gold and silver coins transferred
from the Treasury and purchased over the counter for r e c o i n a g e . . .
X.—^Quantity and cost of silver used in coiriage of silver dollars, and seigniorage on same, fiscal year 1903



374
376
378
380
382
384
384
386
386
388

CONTENTS.

XIII

REPORT OF THE DIRECTOR OF THE MINT—Continued.

Page.

XL—Coinage, six months ended J u n e 30, 1903
XIL—Coinage, fiscal year 1903
.j
XIII.—Earnings and expenditures United States mints arid assay offices,
fiscal year 1903
XIV.—Assets and liabilities United States mints and assay offices, fiscal
year 1903
XV.—Seigniorage on silver, fiscal year 1903.
XX.—Recapitulation of imports and ex.ports
XXI.—Highest, lowest, and average price of silver each year since 1833.
XXII.—Highest, lowest, and average value of a silver dollar each year
since 1873
,
X X I I I . — V a l u e of pure silver in a silver dollar at prices per ounce fine
from $0.50 to $1.2929
XXIV.—Ratio of silver to gold each year since 1687
XXV.—Average price of an ounce of gold in London and equivalent value
in United States since 1870
XXVI.—Gold coinage value of an ounce of fine silver at various r a t i o s . . .
XXVII.—Bullion value of t h e silver dollar at the annual average price of
silver from 1837
."
X X V I I I . — A m o u n t , cost, average price, and bullion value of a silver dollar of silver purchased since 1878
XXIX.—Unrefined gold and silver of domestic production from organization of mint, by States and Territories, to J u n e 3 0 , 1 9 0 3 . . .
XXX.—Production of gold and silver in t h e United States since 1792, by
years
.,.
XXXL—Coinage of nations, 1900, 1901, a n d a 9 0 2
...ll
X X X I L — W o r l d ' s production of gold and silver, 1900, 1901,.and 1 9 0 2 . . .
XXXIII.—Production of gold and silver in the world since 1493, fine
ounces and value
L...
XXXV.—Coinage of the United States, by pieces and value, since 1792..
XXXVI.—^Coinage of dollars, fractional and subsidiary silver, by acts
since 1792
X X X V I I . — A u t h o r i t y for coining, changes in weight and fineness, and
amount coined for each coin
X X X V I I I . — C o i age of the United States, by calendar years, from organization of mint
X X X I X . — M o n e t a r y statistics of foreign countries
REPORT OF THE COMPTROLLER OF THE CURRENCY

394
396
398
399
399
400
400
401
402
402
403
403
404
405
406
407
410
412
412
413
414
436

441-488

Condition of national banks

1

441

Reserve

444

Classification of loans

444

Rates for money

i

445

Clearing-house exchanges

446

Earnings, dividends, and shareholders

446

Organization of national b a n k s . 1
Voluntary liquidations and failures

390
392

:
^... ^

.,.

447
451

Expiration and extension of corporate existence of national banking associations

456

Changes in capital and circulation, with amount and price of United States

bonds , , , . . . , , , . . , , , , , . . . , , . .




456

XIV

CONTENTS.

REPORT OF THE COMPTROLLER OF THE CURRENCY—Continued.

page.

Percentage of circulation to capital

458

Distribution of circulation iri reserve cities. States, etc

458

National-bank circulation presented for redemption

464

Profit on national-bank circulation

467

Comparison of circulation with capital and resources of national banks
and with t h e country's stock of money

468

Money in t h e banks of t h e country.
Distribution of money in t h e country

470
^

471

Stock of money of t h e world

472

Population, wealth, stock of money, bank clearings, imports, and exports. - 472
Foreign banks of issue

472

Savings banks of t h e world

473

Foreign postal savings banks

475

Banking power of t h e world

475

State, savings, private banks, loan and trust companies . . .*

476

Consolidated returns from banks and trust companies

477

Deposits and depositors of savings banks in 1902 and 1903

479

Interest paid by savings banks

479

Growth of savings banks, 1820 to 1903

,

480

Growth of banking in the United States

482

Failures of State and private banks

483

Banking in t h e island possessions

484

Recommendations

486

REPORT OF THE REGISTER OF THE TREASURY-

489-514

Division of loans

489

Bonds issued and canceled

490

Purchase of 5 per cent bonds, loan of 1904

491

Purchase of 4 per cent bonds, loan of 1925

491

Four per cent bonds, funded loan of 1907, and 3 per cent bonds, loan
of 1908-1918, refunded at 2 per cent

491

Spanish indemnity certificates

.\..

492

Prepayments of dividends

493

Registered bonds on which interest was prepaid under circular 115 . .

494

Dividends of interest due on bonds, riot prepaid

494

Unissued bonds on hand at close of business J u n e 30, 1903

494

Vault examined

495

Foreign and domestic holdings

:

Recapitulation, by loans and by countries

495
498

Condition of t h e various loans relative to. ownership, foreign and
domestic

499

Packages received and sent

499

Opening and closing of transfer books

500




CONTENTS.

XV.

REPORT OF THE REGISTER OF THE TREASURY—Continued.

Page.

Division of notes, coupons, and currency

501

Exchanged, redeemed, and transferred coupon bonds

501

Redeemed detached coupon bonds received duririg t h e year

502

Place of payment, number and amount of coupons received during
the year

503

Nuinber and amount of coupons on file J u n e 30, 1903

505

Different classes of notes received and destroyed

506

Gold certificates

508

Interest checks

508

Issue, redemption, and outstanding of various old issues of t h e Government at t h e close of t h e year

,

Redeemed vouchers on

.

file

512
513

Recommendations

514

REPORT OF THE COMMISSIONER OF INTERNAL REVENUE

515-529

Receipts for first three months, current fiscal year

519

• Cost of collection

520

Estimated expenses for next fiscal year

i

Salaries
Scale of salaries of collectors

521
•

521

. Official force

522

Storekeepers, gaugers, etc

523

Miscellaneous expenses
Tables

521

^
,

523
523

Internal-revenue receipts during t h e last two fiscal years

524

Withdrawals for consumption during t h e last two fiscal years

526

Aggregate collections made and reported to t h e Commissioner of Internal
Revenue cluring t h e fiscal year ended J u n e 30, 1903:
By collection districts

527

By States and'Territories

528

Internal revenue collected in t h e several States, Territories, etc., that have
been consolidated with other districts, for t h e fiscal year ended J u n e
30,1903
Receipts for t h e past ten fiscal years




528
529

ANNUAL REPORT ON THE FINANCES.
TREASURY DEPARTMENT,

Washington, D. C , December 8.^ 190S:
SIR : I have the honor to submit the following report:
RECEIPTS AND EXPENDITURES.

Fiscal year 1903.
The revenues of the Government from all.sources (by warrants)
for the fiscal year ended June 30, 1903, were:
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From

customs
$284,479,581.81
internal revenue
. 230,810,124.17
sales of pubhc lands.
8,926,311.22
profits bn coinage, bullion deposits, e t c . . .
8,254,739.88
revenues of the District of Columbia
5,168,038.56
fees—consular, letters patent, and lands
4,048,833. 22
sales of Indian lands, proceeds of Indian labor, etc
2, 393, 268.83
navy pension, navy hospital, clothing, and deposit funds . . . .
2,300,501.17
tax on circulation of national banks.
1,647,429.28
immigrant fund
'.
'.....
1, 356,158.33
trust funds, Department of State
1,203,092.07
payment of interest by Pacific railways
997,197.79
customs fees, fines, penalties, etc
8,78,254.78
miscellaneous
748,059.83
Soldiers' Home permanent fund
.743,139.39
sales of Government property
434,296.'21
judicial fees, fines, penalties, etc
368,757.46
deposits for surveying public lands
305,701. 88
sale of lands, buildings, etc
289,730.82
tax ou sealskins
286,133.40
depredations on public lands
231,144.26
sale of naval vessels and army transports
174,517.10
sales of ordnance material
173,188.16
license fees. Territory of Alaska
83,625.22
Spanish indemnity
.28,500.00
part payment Central Pacific Railroad indebtedness
4,066,349.56
'

•

•

From postal revenues
Total receipts.

'

560,396,674.40
134,224,443.24
694,621,117. 64

The expenditures for the same period were:
For the civil establishment, including foreign intercourse, public
buildings, collecting the revenues. District of Columbia, and other
miscellaneous expenses
$122,175,370.54
For the military establishment, including rivers and harbors, forts,
arsenals, seacoast defenses, and expenses of the war with Spain
and in the PJiihppines
:
118,619, 520.15
For the naval establishment, including construction of new vessels,
machinery, armament, equipment, improvement at navy-yards,
and expenses of the war with Spain and in the Philippines
82,618,034.18

FI 1 9 0 3
1
1


2

For
For
For
For

REPORT

O N T H E FINANCES.

ludian Service
pensions
interest on the public debt
deficiency in postal revenues

$12, 935,168.08
138,425, 646.07
28, 556, 348.82
2, 768,919.20

-

506,099,007.04
134, 224, 443.24

For Postal Service
Total expenditures .^. ..

,

640, 323, 450, 28

Showing a surplus of

54, 297, 667. 36

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 $760 by the issue of 4 per cent bonds
in liquidation of interest accrued on refunding certificates converted
during the year.
The securities redeemed on account of the sinking fund were as
follows:
Fractional currency
Treasury notes of 1861
•
One-year notes of 1863
Two-year notes of 1863
Compound-interest notes
Refunding certificates
Funded loan of 1881, continued at 3i per cent
Funded loan of 1891, called
Funded loan of 1891, continued at 2 per cent
Bonds purchased—
Loan of 1904
Loan of 1925

.

$2,083.00
50.00
250.00
50.00
520.00
90. 00
500.00
6,400.00
63,500.00

$25,300.00
16, 504,300.00
16,529,600.00

Premium on bonds purchased—
Loan of 1904
'.
Loari of 1925

1, 022. 51
6,201,025.41
6,202,047.92

Premium on bonds exchanged—
Funded loan of 1907
Loan of 1908-1918
National-bank notes redeemed in excess of deposits
Total..




4,170,932.47
534,139.43
4,705,071.90
2,001,161. 00
29,511,.323.82

SECRETARY OF THE TREASURY.

3

C o m p a r e d w i t h t h e fiscal y e a r 1902, tlie r e c e i p t s for 1903 i n c r e a s e d
$10,294,837.17, as follows:
INCREASE IN RECEIPTS FOR
Source.

1902.

1903.
Increase.

1903.

Decrease.

Customs
$254,444,708.19 $284,479,581.81 $30,034,873.62
271,880,122.10 230,810,124.17
$41,0b9,997.i
I n t e r n a l revenue
2,724,766.e
8,254,739.88
Profits on coinage, bullion deposits, etc. 10,979,506.57
Tax on sealskins, and rent of fox
231, 821.20
233.40
54,412.20
islands
617,436.20
1,775,832.63
2,393,268.83
Sales of Indian lands
829,314.15
434,296.21
Sales of Governnient p r o p e r t y
395,017.94
4,782,188.44
4,114,122.78
8,926,311.22
Sales of public lands
950,197.13
4,217,841.43
5,168,
District of Columbia.
N a v y pension, navy hospital, clothing,
2,300,501.17
280,650.92
2,019,850.25
and depositfunds
4 — 229.87
4,048,833.22
Fees—consular, letters patent, and land
107,995.58
123,148.68
231, 144.26
Depredations on public lands
49,283.43
•828,971.35
878,254.78
Customs fees, fines, penalties, etc
34,523.51
334,233.95
368, 757.46
Judicial fees, fines, penalties, etc
608,941.18
747, 217.15
1,356,158.33
I m m i g r a n t fund
316, 579.23
701.88
. 305,
Deposits for surveying public lands . . .
10,877.35
1,643,454.73
1,647,
Tax on national banks
3,974.55
P a r t p a y m e n t Central Pacific Railroad
4,066,349.56 4,066,349.56
indebtedness
1,564,554.71
997,197.79
P a y m e n t of interest by Pacific railways
567,356.92
289,730.82
272,422.72
Sales of lands and buildings
17,308.10
178,188.16
330,438.53
157,250.37
Sales of ordnance material
174,517.10
313,948.98
139,431.88
Sales of old vessels
207,093.77
743,139.39
536,045.62
Soldiers' Home p e r m a n e n t fund
18,551.04
38,551.04
20,000.00
Prize nioney
1,203,092.07
222,061.94
981,030.13
T r u s t funds, D e p a r t m e n t of State
28,500.00
28,500.00
Spaniish indemnity ...'
793,034.01
161,074.46
Miscellaneous
631,959.55
Total ordinary, receipts, exclusive of postal revenues.
Postal revenues.
—'.
Aggregate r e c e i p t s .

562,478,233.21
121,848,047.26

560,396,674.40
134,224,443.24

684,326,280.47

694,621,117.64

Net increase

43,019,530.93 45,101,095.73
12,376,395.98
55,395,932,90 45,101,095.73
10,294,837.17

T h e r e was a n i n c r e a s e of $47,284,545.38 i n e x p e n d i t u r e s , as follows:
INCREASE IN EXPENDITURES FOR
Object.

1902.

1903.

1903.
Increase.

Decrease.

CIVIL ESTABLISHMENT.

Legislative$11,330,201.87 $12,190,749.17 $860,547.30
Salaries and expenses.
Executive p r o p e r 213,585.22 . 357,637.23
144,052.01
Salaries and expenses
D e p a r t m e n t of S t a t e Salaries and expenses
186,467.44
178,098.28
2,765,734.01
Foreign intercourse
3,204,522.01
438,788.00
Treasury D e p a r t m e n t Salaries and expenses
3,846,800.94
313,471.70
3,533,329.24
Independent T r e a s u r y
704,203.64
683,544.89
20,658.65
Mints and assay offices
1,456.220.57
1,535,666.06
261,591.08
. Territorial governments
165,734.85
95,856.23
4,346,139.89
Salaries, etc., internal revenue
4,248,497.33
97,642.56
2,370,682.57 1,011,022.60
Miscellaneous, internal r e v e n u e . . . .
1,359,659.97
Rebate of t a x on tobacco
3,886,991.14
2,928,191.28
958,799.86
8,468,710.19
Collecting customs revenue
7,967,473.86
501,236.33
Refunding excess of deposits, cus5,414,259.82
4,248,535.81
toms
5,236,157.44
5,348,308.96
Debentures or drawbacks, customs
ii2,i5i.52
Miscellaneous items, c u s t o m s . . . . . . .
260,509.15
242,752.01
17,757.14
Revenue-Cutter Service
1,203,637.12
1,441,614.26
237,977.14
Regulating immigration
399,692.38
255,736.04
655,428.42
202,744.03
59,530.04
Ohinese-exclusion acts
,...,
262,274.07




$8,369.16

79,445.49

1 165 724 01

REPORT ON T H E FINANCES.
INCREASE IN EXPENDITURES FOR 1903—Continued
Object.
T r e a s u r y Department—Co7^;t'm^^ed.
New revenue vessels
Alien contract-labor laws
Public Health and Marine-Hospital,
Service
Life-Saving Service
Light-House Establishment
Coast a n d Geodetic Survey
Steamboat-Inspection Service
Engraving and printing
,
Public buildings
,
Fuel, etc., public buildings
Custodians a n d j a n i t o r s
,
F u r n i t u r e for public buildings
Fish hatcheries
,
Salaries a n d expenses, Fish Commission .._..:
National Miiseum..
Zoological P a r k
Smithsonian Institution
I n t e r s t a t e Commerce Commission.
F r e n c h spoliation claims
Claims underBowman a n d Tucker
acts
Epidemic diseases
Refunding customs revenue collected from P o r t o Rico
P a y m e n t of debt of Hawaii
Buffalo Exposition, N e w York
Louisiana P u r c h a s e Exposition, St.
Louis
South Carolina Exposition
Suppressing bubonic plague, Hawaii
Miscellaneous items
War DepartmentSalaries and expenses
Navy D e p a r t m e n t Salaries a n d expenses
Interior Department—
Salaries and expenses
Public Lands Service
Reclamation fund
Colleges for agriculture
Twelfth census
Reconstructing rooms of old Lib r a r y of Congress
Miscellaneous items
Post-OfiB.ce D e p a r t m e n t Salaries a n d expenses
Deficiency in postal revenues
Mail t r a n s p o r t a t i o n , Pacific railways
D e p a r t m e n t of A g r i c u l t u r e Salaries a n d expenses
W e a t h e r Bureau
D e p a r t m e n t of L a b o r Salaries a n d expenses
D e p a r t m e n t of Commerce and L a b o r Salaries a n d expenses
D e p a r t m e n t of J u s t i c e Salaries a n d expenses
Salaries of justices, assistant attorneys, etc
Salaries, fees, and expenses of marshals...;
;
Fees of witnesses
Salaries a n d fees of district attorneys
Fees of j u r o r s
Fees of clerks
Fees of commissioners
Support of prisoners
P a y of bailiffs;
J u d g m e n t s , United States c o u r t s . . .
Miscellaneous items
District of C o l u m b i a Salaries a n d expenses
Total Civil Establishment..




1902.

$112,514.96
150,032.16
1,234, 264.51
1,667, 688.48
4,181, 403.39
838, 832.07
344, 490.06
2,653, 522.43
5,118, 157.35
881, 279.99
1,080, 029.26
257, 389.74
51, 435.72

1903.

$205,057.17
106,718.89

Increase.

Decrease.

$92,542.21

$43,313.27

1,356, 455.87
122,191.36
1,746',8a. 19
79,152.71
4,537, 315.67
355,912.28
26,383.71
865, 215.78
92,381.44
436, 871.50
128,826.07
2,782,348.50
7,679, 721.24 2,561,563.89
26,704.33
907, 984.32
5,015.23
1,085, 044.49
13,466.61
270, 856.35
4,517.56
55, 953.28

489,255.45
271,828.94
83,393.19
140,009.18
270,059.55
193,257.73

524,798.31
255,037.93
• 101,850.00
147,717.85
302,972.35
557,342.13

35,542.86
18,456.81
7,708.67
32,912.80
364,084.40

407,855.31
141,814.53

172,285.00
176,553.53

34,739.00

399,988.10
751,202.44
83,756.90

375,402.45
187,300.(14
500,347.96

416,591.06

45,275.59

424,967.06
173,975.14

379,691.47
173,975.14

859,839.95

1,000,000.00
905,592.61

1,000,000.00
45,752.66

2,385,030.04

3,062,1)25.73

676,995.69

498,897.02

498,762.44

4,742,480.28
3,212,636.28
1,200,000.00
2,915,194.81

4,933,929.83
3,619,628.49
268,517.23
i; 200,000.00
1,345,329.45

205,365.43
1,052,652.36

38,004.26
1,663,644.76

610,992.40

1,053,649*79
2,402,152.52

1,439,498.87
2,768,919.20

385,849.08
366,766.68

16,791.01

235,570.31
24,585.65
563,902.40

134.58
191,449.55
406,992.21
268,517.23
1,569,865.36
167,361.17

592,682.31

701,648.28

108,965.97

3,423,215.92
1,150,773.69

4,073,235.06
1,259,121.70

650,019.14
102,348.01

182,084.49'

5,882.00

34,473.84

176,202.49

34,473.84

473,903.04

589,144.39

115,241.35

1,038,000.85

1,320,695.50

282,694.65

1,151,351.20

1,364,915.99
820,936.59

213,564.79

416,257.34
614,858.37
247,928.05
130,531.70
734,008.16
146,82'<.52
26,496.64
953,492.33

493,749.69
889,904.10
263,194.46
131,055.60
811,610.64
153,728.50
19,154.16
1,081,795.28

77,492.35
275,045.73
15,266.41
523.90
77,602.48
6,899.98

9,363,742.00
113,469,323.91

8,150.88

7,342.48
128,302.95

8,584,037.32
124,944,289.74 .16,145,225.78

779,704.68
4,670,259.95

SECRETARY OF T H E TREASURY.
INCREASE IN EXPENDITURES FOR 1903—Continued.
Object.

1902.

1903.

Increase.

Decrease.

M I L I T A R Y ESTABLISHMENT.

National defense
Emergency fund.
—
Pay 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 Department..
Signal Service
Military telegraph and cable lines
Military Academy
Improving harbors
Improving rivers
Bringing home r e m a i n s of oificers, soldiers, and others
Military posts
National Homes for Disabled Soldiers.
State homes for disabled soldiers
'.
S u p p o r t of Soldiers' H o m e
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
Refunding t o States expenses incurred
in raising volunteers
P a y m e n t t o State of Florida
Relief of distress in t h e Philippines —
Miscellaneous items
Total Military Establishment .

$42, 362.20
3,6915: 284.17
82, 538.85
6,420,827.28
31,725, 860.32
850, 602.41
11,155,777.83
091.75
V 755,
245, 379.06
106, 491.47
257, 104.92
6,331,767.29
8,616,213.45

$192, 801.69
76, 187.43
28,615, 763.10
157, 191.75
5,419,793.20
30,822, 802.69
1,320,023.99
10,637, 105.75
1,082, 265.56
343, 930.85
384, 007.20
980.17
• 490,
7,342, 186.23
12,24'7, 895.98

327,173.81
98,551.79
277,515.73
233,875.25
1,010,418.94
3,631,682.53

109,972.27
1,053,242.45
3,236,434.40
1,004,724.80
536,045.62
• 236,000.00
87,661.27

90,993.13
1,824,432.09
3,938,294.04
1,031,355.43
743.139.39
254,000.00
98,638.37

771,189.64
701,859.64
26,630.63
207,093.77
18,000.00
10,977.10

599,431.34

6,364,609.31
692,946.00
3,000,000,00
1,230,324.45

$8,299,521.07
74,652.90
1,001,034.08
903,057.63
769,421.58
518,672.08

18,979.14

217,852.35

1,053,652.42

$192,801.69
33,825.23

849,750.51

112,272,216.08

331,578.99
5,310,956.89
692,946,00
3,000,000.00
380,573.94

118,619,520.15 17,470,147.06

11,122,842.99

J^AVAL ESTABLISHMENT.

National defense
Emergency fund
Increase of t h e N a v y
Bureau of Y a r d s and Docks
Bureau of E q u i p m e n t
. Bureau of Navigation
*
Bureau of Construction and Repair
.Bureau of Ordnance
Bureau of Steam Engineering
Bureau of Supplies and Accounts
Bureau of Medicine a n d Surgery
Marine Corps
Naval Academy
Pay. of t h e N a v y
General account of advances
J u d g m e n t s , b o u n t y for destruction of
enemies' vessels
Miscellaneous items
.-.
Total Naval Establishment.

24,999.72
114,019.42
19,793,144.29
5,701,780.29
5,144,548.32
580,547.94
6,998,828.98
2,549,000.51
3,253,231.78
3,957,819.29
415,870.92
2,718,621.95
872,698.13
13,017,036.61
1,905,889.92

,872, 734.22
175, 132.01
104.25
. 667,
,
1,404,410.50
1,439,182.18
862, 062.11
•,783,546.78
1,474,681.63
!,613,724.40
.,701, 472.94
541, 577.20
!,246,688.47
,320, 562.87
:,9fi9, 881.86
17, 634.10

314,853.97
440,236.20

53,669.37
473,969.29

67,803,128.24

1,847, 734.50
61, 112.59
6,873, 959.96
702, 630.21
294, 633.86
281, 514.17
784, 717.80
925, 681.12
360, 492.62
1,743, 659.65
125, 706.28
528, 066.52
•447, 864.74
1,952, 845.25
1,888,255.82
33,733.(

82,618,034.18 16,964,346.36

,261,184.60
2,149,440.42

Indian Service.
Pensions
I n t e r e s t on t h e public debt..

10,049,584.86
138,488,559.73
29,108,044.82

12,935,168.08
138,425,646.07
28,556,348.82

Total o r d i n a r y expenditures, exclusive of Postal Service
Postal Service

471,190,857.64
121,848,047.26

506,099,007.04 53,465,302.42
134,224,443.24 12,376,395.98

18,557,153.02

593,038,904:90

640,323,450.28 65,841,698.40

18,557,153.02

Aggregate e x p e n d i t u r e s .
Net increase,




2,885,583.22

47,284,545.38

62,913.66
551,696.00

6

REPORT ON THE F I N A N C E S .

Fiscal year 190J^.
The revenues of the Government for the current fiscal year are
thus estimated upon the basis of existing laws:
From
From
From
From

customs
internal revenue
miscellaneous sources
postal revenues

^250,000,000.00
235,000,000.00
45,000,000. 00
•• • • . 1^4,767, 664.00

Total estimated revenues.

674,767-, 664.00

The expenditures for the same period are estimated as follows:
For
For
For
For
For
For
For

the civil estahhshment .,.
the military establishment.
the naval estahhshment
the Indian Service
pensions
interest on the puhlic deht
Postal Service
:

$131,000,000.00
115,000,000.00
96,000,000.00
11,000,000.00
139,000,000.00
24,000,000.00
144,767,664.00

,

Total estimated expenditm-es

660,767, 664.00

Or a surplus of

14,000;000.00

Fiscal year 1905.
It is estimated that upon the basis of existing laws the revenues of
the Government for the fiscal year 1905 will be:
From
From
From
From

customs
internal revenue
miscellaneous sources
postal revenues

.
^
".

Total estimated revenues

1260,000,000.00
240,000,000.00
^.
45, 000,000.00
159,472,060.72

,

704,472,060.72,

The estimates of appropriations required for the same period, as
submitted by the several Executive Departments and ofhces, are as
follows:
Legislative estahhshment
Executive estahlishment—
Executive proper
State Department
Treasury Department.
War Department
Navy Department
:....
Interior Department
'..-.
Post-Office Department
Department of Agriculture
".
Department of Commerce and Lahor.. .^:
Department of Justice
Judicial estahhshment
Foreign intercourse
Military estahlishment
Naval estahhshment
Indian affairs
Pensions



|5,351,109.50
|320,000.00
217,660. 00
10,027,174.50
2,165, 576.00
883,961.48
5,279,229.00
1,511,050.00
6,729,880.00
2,799,660.00
254,860.00
'-

>

30,189,050.98
901,420.00
2,236,300.69
77,794,813.05
90,964,750.34
7,502,252.54
138,152,600.00

SECRETARY OF THE TREASURY.
Public works—
Legislative
Treasury Departnient
War Department
Navy Department . . . . . '
Interior Department
Department of Comme,!C:(! and Lab(sr
DeDartment of Justice

•

$5,500.00
10,545,883.79
40,497,542.41
11,901, 699.00
319, 600.00
3,802,082-.48
255,000.00

7

.

167,327,307.68
Miscellaneous—
Legislative
' Treasury Department
War Department
Interior Department
Department of Justice
Department of Commerce and Labor.
District of Columhia

6,330, 645. 82
11,562,205. 20 .
6,094,002.00
3,606, 705.00
, 6,516,660.006,869,212.99
13,017,581.00

53,997,012.01
Postal Service, including $8,613,709.28 deficiency in postal revenues.. ' 168,085,770.00
Permanent annual appropriations—
• Interest on the pubhc debt
$.24,250,000.00
Refunding—customs, internal revenue, e t c . . . . . . 12,263,000.00
Collecting revenue from customs
5, 500,000.00
Miscehaneous
42,958,820.00
84,971,820.00
Total estimated appropriations, exclusive of sinking fund. .. .
Or an estimated deficit of

727,474,206.79
.23,002,146.07

OPERATIONS OF THE TREASURY.

The most noticeable features in the condition of the Treasury are the
increased available cash balance and the increased holdings of gold.
Since 1S90, the available cash balance, including the reserve, has more
than doubled, rising from $179,259,837.18 to $388,686,114.23. The
cash in the general fund increased during the year by $30,103,869.67,
and the liabilities increased 13,605,116.60. Thus, the available cash
balance at the end of 1903 exceeded that of 1902 by $26,498,753.07.«
Increased receipts from customs, sales of lands, and from miscellaneous sources nearly equaled the diminution in receipts from
internal revenue. The increase of expenditures for the fiscal year
1903 over those of 1902 resulted in a reduction of the surplus revenue
for the year of $36,989,708.21.
For the first quarter of the fiscal year 1904 the receipts were
$6,733,297.42 greater than the expenditures.
The trust funds held for the redemption oi the notes and certificates for which they are pledged increased to $893,068,869, an
increase for the year of $62,459,780.
Transactions in public-debt items, other than those related to the
trust funds, caused a net decrease of $18,625,444 in the public debt
and reduced the annual interest charge to the extent of $2,001,372.20.
The foreign holdings of United States bonds are principally confined
to the registered class, and are diminishing. In 1899 the amount was
$24,339,020.
 At tlieend of 1903 it was reduced to $16,866,950.


8

REPORT ON THE

FINANtlES.

During the year 1903, national-bank notes to the amount of
$196,429,()21 were presented for redeinption, an increase over the previous year.of $24,560,363. The expenses incurred were $174,477.62,
which have been assessed upon the banks at the rate of $0.90262 per
$1,000 of their notes redeemed.
There is a continuous growth in the ratio of public money of
denominations of $10 and below to the total public money in circulation, but the increase in small bills hardly keeps pace with the
demand. The process of changing denominations under the aet
of March 14, 1900, will reach its limit in about two'y^^^s, and the
question of further provisi6n for small notes requires early attention.
The Treasurer suggests that gold certificates of the denomination of
$10 be authorized, and that the restriction on the issue of $5 notes
by national banks be removed.
Gold continues to accumulate in the Treasury. The total holdings of gold on July 1,1903, were $631,420,789:43, an increase for,the
year of $71,220,489. On October 1, 1903, the total holdings of gold
in the Treasury amounted to $654,811,716. Unrestricted use of gold
coin and certificates in all branches of business and the freedom with
which they are paid into and out of the Treasury have been marked
features of the Treasury operations during the past year.
Transfers of currency by telegraph against deposits in New York,
to cover what is called money to move the crops, continue. Depositors find it convenient to offer gold certificates for the exchange,
and as small denominations are almost always wanted for local use
in the crop-moving districts, the Treasury pays out United States
notes of the denomination of $10 and silver certificates of $5 and
below.
United States paper currency issued in the fiscal year 1903 amounted
to $551,038,000, and the number "of pieces Avas 21 per cent greater
than in 1902. Redemptions amounted to $488,558,220 and the number of pieces was 22.1 per cent greater than in 1902.
A new record was made in the receipt of all kinds of money for
redemption and exchange during the year. The amount paid for
was $864,503,561, an increase of $141,228,315 over the preceding year.
The sum of .$35,504,050 was sent to the Phili^ppines from May,
1898, to August 16, 1903.
' .
.
The standard silver dollars in circulation July 1, 1902, were
$68,747,349, and the amount in circulation July 1, 1903, was
$72,391,240. The amount distributed at the expense of the Government during the past fiscal year was $41,182,154.
Subsidiary silver coin amounting to $24,112,445 was distributed
during the year to depositors therefor, but the amount in circulation
shows an increase for the year of only $7,005,466. The rate for
transportation on shipments of silver coin during the year was

$2.03 per $1,000. .
,


SECRETARY OF THE TREASURY.

9

NATIONAL BANKS.

At the close of the year ended October 31, .1903, the national-bank
ing system had been in operation for forty years and eight months.
During this time 7,029 national banks were organized, of which 5,907
were banks of primary organization and 1,122 were State banks converted into national associations; 399 banks failed and were placed in
charge of receivers, and 1,483 went into voluntary liquidation for
the purpose of consolidation with other banks or retiring from business. The failures were 5.6 per cent ap.d the liquidations 21.1 per
cent of'the total number of banks organized.
During-the year ended October 31, 1903, 553 national banks were
organized, with a total capital of $34,333,500. Of these banks, 343
were organized with an individual capital of less than $50,000, under
authority of the act of Congress approved March 14, 1900, and 210
were organized with individual capital of $50,000 or more. Fortynine of these banks, with an aggregate capital of $2,438,500, were
conversions of State banks ; 198, with an aggregate capital o f
$15,470,000, were reorganizations of State or private banks; and 306,
"with capital of $16,425,000, were banks of primary organization.
Under authority conferred, by the act of March 14, 1900, and from
that date to October 31, 1903,1,148 banks, with an individual capital
of less than $50,000, and 617 banks, with an individual capital of
$50,000 or over, have been organized under the national-banking
system. Of these banks, 207, with a capital of $13,928,500, were
conversions of State institutions; 561, with a capital of $36,405,000,
were reorganizations of State and private banks, and 997, with a
capital of $54,159,500, were banks of primary organization. The
number and capital of banks organized since March 14, 1900, in each
State, Territory, and geographical division are set forth in the following table:




10

REPORT ON T H E F I N A N C E S .

SUMMARY, BY CLASSES, OF NATIONAL BANKS ORGANIZED FROM M A R C H 14, 1900, TO
OCTOBER 31, 1903.

States, etc.

Capital
—1^,000.
No.

T o t a f S o u t h e r n States..

Total Middle States.

14 3,775,000

735,000
425,000
2,447,000
115,000
352,000
157 4,074,000

168 23,140,000

22
31
12
3
13
2
7
2
6
133
5
16

Total Pacific States..

Total Islands
Total United S t a t e s .




577,500
600,000
310,000
75,000
375,000
60,000
177,500
50,000
150,000
1,573,000
125,000
410,000
235,000

19

3,900,000
7,195,000
1,250,000
17,222,000
115,000
1,182,000
250,000

830,000
250,000

1,110,000
1,235,000
150,000
810,000,
1,065,000
. 850,000
925,000
825,000
900,000
4,480,000
300,000
3,370,000
470,000

Capital.
$250,000
225,000
25,000
2,800,000
500,000
100,000

6,460,000
.825,000
14,775,000

335

27,214,000

30
37
14
9
24
9
31
10
15
193
15

1,687,500
1,835,000
460,000
885,000
1,440,000
910,000
1,102,500
875,000
1,050,000
8,053,000
425,000
2,780,000
705,000

251 6,718,000

170 15,490,000

431

22,208,000

575,000
955,000
750,000
190,000
470,000
836,000
840,000
335,000

4,980,000
3,450,000
5,130,000
2,680,000
1,700,000
1,600,000
1,360,000
1,835,000

100
59
99
16
32
127
92
32

6,555,000
3,405,000
6,880,000
2,870,000
3,170,000
4,426,000
3,200,000
3,160,000

379 9,931,000

168 21,73,-), 000

547

31,666,000

385,000
800,000
010,000
925,000
55,000
75,000
,365,000
'230,000
795,000
615,000

50,000
100,000
300,000
1,050,000
250,000
150,000
850,000
150,000
650,000
755,000

319 8,155,000

61 4,205,000

105,000
200,000
155,000
275,000
80,000
105,000

300,000
100,000
4,950,000
100,000
50,000
100,000

920,000

34 5,600,000

25,000

500,000
100,000

525,000
100,000

35,000

600,000

625,000

18
111
12

Washington.
Oregon
California
Idaho
Utah
Arizona

Hawaii
P o r t o Rico .

No.

$225,000
200,000

125,000

N o r t h Dakota —
South D a k o t a
Nebraska
Kansas
Montana
Wyoming
> ..
Colorado
New Mexico
Oklahoma
Indian Territory .
Total W e s t e r n States.

Total
organizations.

2,800,000
500,000
50,000

NewYork
New Jersey
Pennsylvania.'.
Delaware
Maryland
District of Columbia.

Ohio
Indiana —
Illinois
Michigan..,
Wisconsin.
Minnesota.
Iowa
Missouri—

No. , Capital.

50,000

Total New England States.

Virginia
W e s t Virginia . .
JSTorth C a r o l i n a .
South C a r o l i n a .
Georgia
—
Florida
Alabama
Mississippi
Louisiana.......
Texas
Arkansas
Kentucky
Tennessee

Capital.
$35,000
25,000
25,000

Maine
New Hampshire..
Vermont
Massachusetts . . .
Rhode Island
Connecticnt

Total E a s t e r n States .

Capital
$50,0004-.

36

1,148 39,948,000
a Bonds deposited, $25,174,850.

1,335,000
900,000
1,210,000
1,975,000
305,000
335,000
1,215,000
380,000
2,445,000
2,370,000
380

12,360,000
405,000
300,000
5,105,000
375,000
130,000
305,000

70

6,520,000

617 74,545,000 1,765 al04,493,000

SECRETARY OF THE TREASURY.

11

It is a notable fact that the banks organized since the financial
legislation of March 14,1900, constitute nearly one-fourth of the number organized during the entire existence of the national-banking
system.
The net increase for the year ended October 31, 1903, in number
of banks was 468, and in amount of capital stock, $52,931,400. The
number of associations in active operation at the close of the current
year was 5,147, with authorized capital stock of $766,367,095. During the year, 12 national banks (exclusive of one association placed
in solvent condition' and permitted to resume business), with capital of $3,480,000, failed and were placed in charge of receivers, and
72, with capital of $30,720,000, were placed in voluntary liquidation
by action of the stockholders.
As a result of the organization of new banks and the refunding
operations of the Treasury Department, the bonds on deposit to
secure circulation increased during the year ended October 31, 1903,
from $338,452,670 to $382,726,830, and the circulation secured thereby
increased from $335,783,189 to $380,650,821. To show the connection between the increase of circulation and the refunding operations, it may be noted that the bonds deposited for circulation only
-increased from $338,452,670 on October 31, 1902, to $342,160,770 on
March 31, 1903. In the month of April, 1903, when refunding operations were in progress, the bond deposit increased $10,535,350. In
May it increased $15,131,800, in June $7,549,350, in July $4,825,760,
and in August $1,313,400. In September, however, there was a
decrease of $1,600, but in October an increase of $1,242,000.
The average monthly price of 2 per cent consols of 1930 was highest (110.0185) during October, 1902, and lowest (106.1875) in May,
1903. In September, 1903, the price of consols advanced to 109.1719*,
in consequence of which, between the 1st and 24th of the month,
applications to retire circulation and withdraw bonds deposited, as
security therefor were filed with the Comptroller of the Currency
covering the $3,000,000 monthly limit for the months of September,
October, November, and December.
xThe 2 per cent consols of 1930 constituted 95 per cent of the total
bonds on deposit as security for circulation at the beginning of the
year and over 98 per cent at the close.
On October 31, 1903, bank circulation outstanding covered by
bonds amounted to.49.5 per cent of the banks' capital, an increase of
13 per cent for the year and a greater ratio of circulation to capital
than at any time since 1885.
Of the total money in the country on July 1, 1903, liational-bank
notes, secured by bonds and lawful money, constituted 15.2 per cent.
oIn 1873, national-bank notes outstanding were nearly 45 per cent of



12

REPORT ON T H E FINANCES.

the country's monetary stock, but in 1891 the percentage had fallen
to 10^ per cent. Reaction from that point has been slow, and it was
not until 1900 that 14 per cent was reached.
As a result of the passage of the act of March 14, 1900, permitting
banks to issue notes to the par value of bonds deposited, authorizing
the organization of banks with a minimum capital of $25,000, and
reducing the semiannual duty on circulating notes secured by 2. per
cent consols of 1930 from one-half to one-fourth of 1 per cent, banknote issues increased from $249,516,227 on March 1, 1900,-to
$419,610,683 on October 31, 1903, an increase of $170,094,456.
The following table shows, by months, the number and authorized
capital stock of national banks in existence from October 31, 1902,
to October 31, 1903, with the amount of bonds on deppsit as security
for circulation, the average monthly market price of 2 per cent consols of 1930, the circulation outstanding secured by bonds, by lawful
money, and the aggregate outstanding:

Date.

1902.
October 31 . . . .
N o v e m b e r 30..
December 3 1 . .
1903.
J a n u a r y 31 —
F e b r u a r y \1S...
March 31
A p r i l 30
May 31
J u n e 30
J u l y 31
-...
A u g u s t 31
S e p t e m b e r 30..
October 3 1 . . . .

Numb e r of
banks.

A v e r a g e Circulation secured b y monthly
market
p r i c e of 2
Lawful
' p e r cent
• Bonds.
money.
consols
of 1930.

Total circulation
outstanding.

Capital.

Bonds on
deposit.

4679
4708
4758

$713,435,695
719,300,695
723,416,695

$338,452,670
343,018,020
344,353,130

110.0185
109.3179
108.6971

$335,783,189
341,100,411
343,137,844

$44,693,145
43,754,103
43,801,940

$380,476,334
384,854,514
384,939,784.

4784
4815
4869
4914
4953
5005
5044
5070
5096
5147

726,271,695
736.001,695
739;i78,b95
743,106,695
748,531,695
754,776,695
758,137,095
759,277,095
761,417,095
766,367,095

343,903,520
343,164,670
343,160,770
353,696,120
367,827,920
375,347,370
380,173,030
381,486,430
381,484,830
383,726,830

109.3308
108.4405107.8894
106.4973
106.1875
106.5316
106.7764
106.8654
109.1719
107.3685

340,587,939
338,660,361
338,349,814
347,564,355
363,586,987
373,295,408
377,606,826
380,076,322
379,515,824
380,650,831

43,385,607
44,138,484
44,169,444
43,587,373
43,856,318
41,375,343
39,739,661
38,511,653
40,910,711
38,959,863

383,973,546
382,798,845
382,519,258
391,151,728
406,443,305
413,670,650
417,346,487.
418,587.975
430,436;535
419,610,683

:jOomparative condition of national ban'ks.
In conformity with law, the national banks have submitted statements of their condition to the Comptroller of the Currency on l^ye
dates since September 15, 1902. The notable features of the statements thus submitted are as follows:
Individual deposits were at a higher point on September 15,
1902, than at any date subsequent thereto, and amounted to
$3,209,273,893.93. On September 9,1903, they were $3,156,333,499.07,
a. decrease of $52,940,394.86. During the same period the loans and
discounts increased $201,319,291.35, but this increase was largely offset
by an increase in capital of $48,187,241, in surplus of $60,760,984,
and in bank deposits of $26,141,513.
The specie holdings of the banks on September 15, 1902, were
$366,236,120.02. On February 6 1903, these holdings had increased




SECRETARY OF T H E TREASURY.

13

to $417,572,146.37. This was the greatest amount of specie ever held
by the banks during the existence of the national-banking system.
On September 9, 1903, specie holdings aggregated $397,556,167.94.
Of these holdings, $105,569,894.40 was in gold coin, $146,547,220 was
in gold, certificates, and $63,307,000 was in gold clearing-house
certificates. The balance consisted of silver dollars, fractional.silver
coin, and silver certificates.
' On September 15, 1902, the banks held in cash and on deposit
with reserve agents and with the Treasurer of the United States in
the redemption fund 25.74 per cent of their deposit liabilities on
which reserve is required, and on September 9, 1903, 26.60 per cent.
MINT SERVICE.
o

The domestic coinage of the mints during the year aggregated
184,578,638 pieces of the value of $74,203,000.43. Of this, $45,721,773
was gold coin, $17,972,785 standard silver dollars, $8,023,751.25 subsidiary silver coin, and $2,484,691.18 minor coin. In number of
pieces, the total coinage was greater than in any previous year.
The silver dollars were coined from bullion purchased under the
act of July 14, 1890. Of the subsidiary silver, $2,509,000 was likewise coined from this bullion. Of this bullion there remained on
hand June 30, 1903, 17,502,938.35 fine ounces, which cost $15,836,910.
The entire amount will be used for coinage by the close of the fiscal
year 1904. ^
.
At the request of the Secretary of War, the purchases of bullion
required for the silver coins of the Philippine Archipelago, authorized by the act of March 3, 1903, were made by the Director of the
Mint, with the approval of the Secretary of the Treasury, and during
the last three months of the fiscal year the mints at Philadelphia and
San Francisco confined their operations to the manufacture of Philippine coins. There were purchased from March 26 to June 30,
1903, for delivery at the mints at Philadelphia and San Francisco,
7,346,085.40 fine ounces of silver, costing $3,862,680.25. This bullion
has been paid for by the Government of the Philippine Islands, and
the United States Government has been also reimbursed for the
cost of coining the same. The coinage made for the Philippines
during the year amounted to 8,037,573,10 pesos in silver and 183,465.30
pesos in miner coin. In addition to these, the mint at Philadelphia
coined 750,000 pieces in silver for Venezuela and 1,360,000 pieces in
silver for Colombia.
The new mint at Denver, Colo., will be completed and ready for
the installation of the machinery, fixtures, apparatus, etc., within
the coming year, and provision should be made for the ofhcers, clerks,
workmen, and supplies required to operate a coinage mint.
The business of the New York assay office has increased to such
that the present building has become inadequate. It is
proportions


14

REPORT ON THE FINANCES.

inconvenient and unsafe and in constant need of repair. It is recommended that provision be made for the purchase of another site and
for the construction thereon of a new fireproof building. The
present premises could probably be sold for a sum that would defray
the cost of a new site conveniently situated and the construction
of a modern and thoroughly equipped building.
The limitation of the coinage of subsidiary silver was, in a measure, removed by the act of March 3, 1903, which permitted the bullion
purchased under the act of 1890 to be used as required. When this
bullion is exhausted, which will be before the end of this session of
Congress, no further coinage of subsidiary silver from new bullion
can be made without legislation.
•
.
Since 1898 it has been possible tp keep the mint at NewOrleans in
operation only by transferring from the mint at Philadelphia a large
quantity of silver purchased under the act of 1890. As this bullion
will soon be exhausted, there appears to be no course to pursue but
to close the New Orleans mint entirely or to reduce it to an assay
office after June 30, 1904, as recommended by the Director of the
Mint. The deposits of gold at New Orleans are not sufficient to justify any other course.
Including the seigniorage on silver dollars, subsidiaiy silver coin,
and minor coin, the total earnings a.nd gain of the Mint Service during the year exceeded the expenditures by $6,894,448.13.
The earnings and gains were as follows:
PartiDg and refining charges
Ahoy charges
'
Melting, assaying, and stamping charges
Seigniorage on standard silver bulhon
Seigniorage on suhsidiary silver coin
Seigniorage on minor coin
Profits on manufacture'of proof coins and medals
Gains on bullion deposits
Proceeds from sale of old material
Received for special assays
Sale of by-products
:
Received for manufacture of counting boards, machinery, etc
Received for coinage for Colombia and Venezuela
Received for coinage for Philippine government
Total earnings and gains

1187,999.52
10,779.58
:.
40,302.78
, 5,395,395.10
878,934.51
1,960,915.59
8,701. 94
77,681.29
4,963.7J
3,236.00
20,751.33
4,020.32
• 15,907.80
90,067.22
8,699,656.69

The expenditures were as follows:
Equipment, Philadelphia mint
|44,888.33
Equipment (new machinery), San Francisco mint
23j 356.37
Equipment, Denver mint
•
4,237.42
Transfer of gold coin and hullion hetween mints and assay ofiices......
64,235.88
Paid in salaries and wages
.*
1,156,875.06
Contingent expenses (less wastage and loss in sweeps sold)
436,677.40
Wastage and loss on sale of sweeps
2l, 743.31
Expense of distributing minor coin
41,682.25
Loss on bullion shipped to mint
275.88
Loss on recoinage, minor coin
11,236.66
Total expenditures and loss




,.,

1,805,308,50

^

15

SECRETARY OF THE TREASURY.

The original deposits of gold at the several mints and assay offices
aggregated $127,004,442.91. The original deposits of silver amounted'
to $18,231,319.09.
For the calendar year 1902 the production of gold in the United
States is estimated at $80,000,000 and the industrial consumption at
$23,000,000. For the fiscal year 1903 the net exports of gold were
$2,108,568. The value of gold bullion in the mints and assay offices
June 30, 1903, was $157,511,571, and of the gold coin in the country
$1,092,041,185, making a total of $1,249,552,756.
OWNERSHIP OF GOLD AND SILVER IN THE UNITED STATES JUNE 30,

o .

Ownership.

U. S. T r e a s u r y (free)
U. S. T r e a s u r y (for certificates outstanding) ..
National banks.^
N a t i o n a l b a n k s (for clearing-house certificates)..
Other banks a n d individuals
Total

Gold coin
and
bullion.

Silver coin and bullion.
Silver
dollars.

$355,033,458 $30,682,416
377,358,559 454,733,013
107,539,938 10,560,423

Subsidi- •
a r y coin.

Silver
bullion.

Total
silver.

Total gold
and silver
coin and
bullion.

$9,307,873 $17,603,303 .$57,593,591 $313,637,049
9,114,765

454,733,013
19,675,187

831,991,573
127,215,125

83,611,929

4,395 145,447,143

590,183,943

64,984,000

64,984,000
444,736,801

1903.

61,830,818

1,249,553,756 557,806,669 103,034,567
LOANS AND

17,607,697 677,448,933 1,927,001,689

CURRENCY.

The amount of the interest-bearing debt outstanding July 1,1902,
was $931,070,340. The amount July 1, 1903, was $914,541,410, a
reduction of $16,528,930, obtained as follows:
Five per cent bonds, loan of 1904, purchased under Circular No. 117 of
September 26, 1902
'.
Four per cent honds, loan of 1925, purchased under Circular No. 128 of
October 17, 1902
Redemption of refunding certificates in cash
Total

$25,300
16,504,300
90
16,529,690

Issue of 4 per cent bonds, funded loan of 1907, on account of conversion
of accrued interest on refunding certificates
:
.

Net reduction

760
$16,528,930

There was a change in the form of the debt owing to the refunding
of 3 per cent bonds of 1908 and 4 per cent bonds of 1907 into 2 per
cent consols of 1930, as authorized by the act of March 14,1900. This
refunding was undertaken in pursuance of the circular of March 26,
1903. On that day the market values of the bonds were as follows:
3 per cent bonds of 1908
4 per cent bonds of 1907
2 per cent consols of 1930.

,

108
110
107f

The prices fixed by the Gpvernment Actuary for the 3*8 and 4's as
equivalent on April 1, 1903, to their present worth to realize an
income of 2^ per cent, were 104.2572 for the 3'8 and 107.074 for the
4's. If the Government had paid these premiums on account of the
exchange of the bonds, there would have been considerable profit to



16

REPORT^ ON T H E F I N A N C E S .

the owners of the outstanding bonds. It seemed not unreasonable
that the Secretary of the Treasury should obtain a part of this profit
for the United States, leaving at the same time some inducement to
bondholders to make the exchange. This was accomplished by
charging a premium of 2 per cent for the new bonds.
Refunding under the circular of March 26, 1903, was discontinued
July 31, at which time there had been received $16,042,700 three per
cent bonds and $65,-099,900 four per cent bonds of 1907, in exchange
for which there had been issued $81,142,600 in 2 per cent consols of
1930. The results of this operation are shown in the following table:
Loanofl9089.r^^5f^f^ol^^^
A m o u n t refunded
.
"
I n t e r e s t saved on old bonds to m a t u r i t y
I n t e r e s t t o be paid on new bonds to m a t u r i t y of
old bonds
P r e m i u m paid for old bonds
„
P r e m i u m received for new bonds
Net profit
;

Total.

$16,043,700.00
3,514,993.00

$65,099,900.00
10,843,912.00

$81,142,600.00
13,357,905.00

1,676,632.00
592,353.43
320,854.00
566,832.57

5,421,456.00
4,522,217.51
1,301,998.00
2,201,236.49

7,098,118.00
5,114,569.94
1,623,853.00
2,768,069.06

a Here t r e a t e d as m a t u r i n g August 1, 1908.

Refunding operations were resumed September 23, 1903, in pursuance of a circular published that day, the terms of the exchange of
bonds being the same as under the circular of March 26. To November 1 there were exchanged, under the resumed operations, $3,364,000
three per cent bonds and $4,573,400 four per cent bonds of 1907,
a total amountof $7,937,400, for which there have been issued equal
amounts of the 2 per cent consols of 1930.
Under circular of September 23, 1903, inviting surrender of 5 per
cent bonds of 1904 for redemption with interest to February 1, 1904,
there had been presented, to November 1, $9,264,700.
The interest-bearing debt of the United States outstanding November 1,1903, was $905,277,060, and the annual interest charge thereon
was $24,830,781.30. There were $521,340,600 bonds held by the
Treasurer of the United States in trust for national banks as security
for circulating notes and deposits, leaving $383,936,460 in the hands
of other investors.
The changes in the amounts of the several kinds of the money of
the United States outside the Treasury between November 1, 1902,
and November 1, 1903, are shown in the table following:
COMPARATIVE STATEMENT SHOWING THE CHANGES IN CIRCULATION.
Classes.
Qold coin
S t a n d a r d silver dollars
Subsidiary silver
'....
G-old certificates
. .
Silver certificates
T r e a s u r y notes, act of J u l y 14,1890 .
United States notes
National-bank notes
Total




In circulation In circulation
Nov. 1,1903.
Nov. 1,1903.

Decrease.

$634,373,645
77,517,158
91,899,715
343,756,194
463,170,438
25,748,278
343,639,082
367,007,483

$631,753,297
78,916,739
96,235,458
401,646,209
462,363,039
16,780,175
340,961,343
408,738,518

$3,630,348

3,336,111,993

2,427,394,868

15,073,589

Increase.

807,399
8,968,103
3,677,739

$1 399,581
4,335,743
58 890,105

41,731,036
106,356,465

SECRETARY OF THE TREASURY.

17

The estimated population of the United States November 1, 1902,
was 79,572,000 and the per capita supply of money outside the
Treasury was $29.36. The estimated population and the per capita
supply of money November 1, 1903,. were 80,946,000 and $29.99,
respectively.
PUBLIC MONEYS.

The monetary transactions pf the Government have been conducted through the Treasurer of the United States, 9 subtreasury
officers, the treasury of the Philippine Islands, the American Colonial Bank of Porto Rico, and 707 national-bank depositaries. The
amount of public moneys held by the bank depositaries on June 30,
1903, including funds to the credit of the Treasurer's general account
and United States disbursingofficers, was $147,842,610.52, an increase
since June 30, 1902, of $23,859,542.93. On June 30,1903, there were
263 regular and 444 temporary depositaries. One hundred and fortythree were designated during the fiscal year and 8 discontinued. On
November 1, 1903, the number of depositaries was 846, and the
amount of public moneys held by them was $167,329,841.12.
ENGRAVING AND PRINTING.

The Bureau of Engraving and Printing has promptly met the
requirements of the Service for the past year, and has kept within the
appropriations provided for its maintenance. The total amount
available for the operation of the Bureau during the fiscal year from'
appropriations and repayments was $3,139,446.57. The expenditure for all purposes connected with the work of the Bureau was
$3,136,477.73, leaving an unexpended balance of $2,968.84. While
the amount of work delivered during the.fiscal year 1903 increased
nearly 12 per cent, the increase in expenditure was less than 6 per
cent.
,
During the year the equipment of the Bureau was greatly improved
by the installation of a new electric light and power plant, ample for
the needs of the service for some years to come, and b}^ the application of electricity to the operation of the machinery in place of
cumbersome belts and pulleys. The plant is now believed to be
one of the most complete in existence. The Bureau, however,
is embarrassed by the lack of necessary space for its operatives, and
the laTge demand for work made upon it during the past year> has
necessitated the continuance of a night force and the extension of the
hours of labor mentioned in the last annual report. Relief from this
condition can only be had from Congress.by the erection of additional
buildings. Initiatory steps in this direction were taken at the last
session by authorizing the purchase of additional ground and the
erection of two buildings for laundry and stable, at a total cost not to

FI 1903
2


18

REPORT ON T H E FINANCES.

exceed $215,000. The sum of $100,000 was made available for the
purchase of the land and the commencement of the buildings. An
additional appropriation of $115,000 will be required for the completion of these buildings. An estimate for this purpose is submitted
through the usual phannels.
A ncAv series of postage stamps, known as the ''Series of 1902,,"
was engraved from designs adopted by the Postmaster-General for
the ordinary and special-delivery stamps.
At the request of the Secretary" of War, temporary certificates of
indebtedness, authorized by the act approved March 3, 1903, Avere
prepared for the Government of the Philippine Islands, and certificates to the amount of $3,000,000 were furnished.
The aggregate delivery of all classes of work during the year was
155,743,691 sheets, which was an increase over the previous year of
16,576,332. The deliveries, in detail, were as follows: To the Treasurer of the United States, 37,112,000 sheets of United States notes,
gold and silver certificates, an increase of 2,931,500; to the Comptroller of the Currency, for national-bank circulation, 5,621,078
sheets, an increase of 3,217,526; to the Register of the Treasury,
17,000 sheets of bonds, an increase of 15,000; to the Commissioner
of Internal Revenue, 58,084,958 sheets of internal-revenue stamps,
an increase of 3,512,353; to the PPstal Service, 52,402,381 sheets of
postage stamps, an increase of 6,522,301.
The deliveries of miscellaneous work were -2,506,274 sheets, an
increase of 377,652.
CUSTOMS.

Reorganization of districts:
Inspection of the following table will show an urgent necessity
for the rearrangement of the customs districts. As will be seen
by this table, there are 45 districts where it costs more than one dollar to collect a dollar. It is unnecessaiy to present any argument
on this subject. Legislation to put all customs districts on a business basis is an imperative duty to the country at large. Undoubtedly customs officers will necessarily be retained at ports where the
collection of the revenue is meager. They should, however, be only
sufficient in number to afford proper protection to the revenue.
Independent ports with large establishments, many employees" and
the incidental expenses, which come as a matter of course, should
be converted into subports tributary to some, larger self-sustaining
port. The reduction in the expenses of maintenance and the consolidation of the receipts in one district would permit the Government to have every customs district on a self-sustaining basis at
least. Either some specific legislation on this subject by Congressj.




SECRETARY OF THE

19

TREASURY.

reorganizing the customs districts of the country, should be enacted,
or the Secretary of the Treasury should be given discretion and
authority to rearrange customs districts and put the collection of the
revenues from customs on a business basis.
LIST OF PORTS AT WHICH CUSTOMS EXPENSES EXCEED RECEIPTS.
Name of port.

Albemarle (Elizabeth City), N. C
Apalachicola, Fla
Barnstable, Mass
Beaufort, N. C
;...
Beaufort, S. C
Belfast, Me
Brazos (Brownsville), Tex
Bridgeton, N. J
Bristol and W a r r e n , R. I
Burlington, Iowa
Burlington (Trenton), N. J
Castine, Me
Chattanooga, Tenn
Cherrystone (Cape Charles City), Va...
E a s t e r n (Crisfield), Md
Edgartown, Mass
F r e n c h m a n s Bay (Ellsworth), Me
Galena, 111
Georgetown, S. C
Gloucester, Mass
Great Egg H a r b o r (Somers Point), N. J
Humboldt (Eureka), Cal
Kennebunk, Me
La Crosse, Wis
Machias, Me
• Michigan (Grand Haven), Mich
N a n t u c k e t , Mass
New LiOndon, Conn
Pamlico (Newbern), N. C
P e a r l River (Shieidsboro), Miss
Plymouth, Mass
Rock Island, Hi
Saco, Me
._
St. Marks (Cedar Keys), Pla
St. Marys, Ga
Salem and Beverly (Salem), Mass
Sandusky, Ohio
Southern Oregon (Coos Bay), Oreg
Teche (Brashear), La
Vicksburg, Miss
Waldoboro, Me
Wheeling, W. Va
Wilmington, N. C
Wiscasset, Me
York, Me

NumReceipts. Expenses. ber employed.
$87.00 $1,770.67
1,913.61 3,513.63
739.43 4,107.16
13.01 I,775.12
761.41 3,585.33
3,738,80 2,985.45
4,732.77 31,991.11
393.60 1,437.38
103.61
254.15
53.67
441.80
4.80
162.00
1,808.85 4,542.55
37.73
388.70
30.00
956.80
737.00 2,824.20
534.64 3,538.18
983.37 3,837.49
.70
378.05
32.37
485.43
7,611.34 18,489.65
1,890.84 3,045.19
1,491.64 3,874.18
6.47
114.33
13.80
363.00
1,313.44 4,390.43
5,133.43 8,886.69
15.70
366.30
1,378.83 4,911.44
1,334.50 5,891.50
7,914.93 9,177.84
786.06 1,455.10
23.08
775.14
87.35
483.26
300.05 1,533.59
3.44
581.90
5,308.96 6,117.19
3,359.38 4,377.55
10.00 1,308.92
109.31 3,036.43
26.30
547.55
4,036.75 7,459.87
880.55 1,529.90
4,760.43 6,720.12
966.94 3,388.96
5.19
236.87

3
4
7
3
4
6
36
D

3
I
3
. 6
2
3
2
4
5
I
3
14
3
1
3
3
5
14
1
5
5
6
3
3
3
3
1
6
9
3
3
1
7
3
5
3
1

Cost of
collecting one
dollar.
$30. a5
L83
5.63
136.44
4.70
1.09
6.75
4.91
3.45
8.38
33.75
3.51
14.01
31.89
381.64
4.74
3.89
540.07
15.04
3.43
1.08
1.92
17.66
36.33
3,53
1.73
33.32
3.84
4.44
1.16
L85
35.10
5.52
5.07
238.48
L15
1.85
^130.89
37.80
30.89
1.85
L73
1.41
3.50
45.44

While a complete reorganization of the customs districts is advisable, the correction of a deplorable condition of affairs in the Puget
Sound district is imperative. There can be no justification whatever
for the continuation of present conditions. By law^ the collector of
custonis is required to live at Port Townsend, 34 miles from the
nearest subport. He is required by law also to keep his records at
this point, inaccessible to the remainder of the district in any way
except by boat. Mail communication with him from Washington
requires two days more than if he were stationed in Seattle. For
the fiscal year ended June 30,1903, the total receipts from all sources
in the Puget Sound district were $1,127,774.04. Of this amount,
Seattle collected 55.1 per cent; Tacoma, 35.1 per cent; Port Town-




20

REPORT ON THE FINANCES.

send, 3.4 per cent; all other ports, 6.4 per cent. During that time
68.1 per cent of all importations was made at Seattle; 2t).8 per cent
at Tacoma; .5 per cent at Port Townsend, and 10.6 per cent at all
other ports (twelve in number). Moreover, there are other reasons
why the collector of the district should be at Seattle. There are 14
subports in the district. The collector at present is almost inaccessible to these subports, and for that reason close inspection necessary
to an efficient service is lacking. In one of the' most important customs districts in the United States, and one where it is most difficult
to prevent smuggling and frauds against the revenue, the collector
should be at the point affording the most advantageous transportation.
While, therefore, it is necessary that Port Townsend be maintained
as a subport for the clearance of vessels and the necessary inspection
for marine and customs purposes, there is not a single business argument to justify its continuance as the port of entry for so great a
customs district as. that of Puget Sound, and I heartilj^ recommend
that legislation be adopted at this session of Congress creating Seattle
the port of entry and authorizing the removal of the records to that
city, leaving the necessary force at Port Townsend to do the necessary work of a subport. I regard this recommendation as only fair
to the. commercial interests of the far Northwest.
In this connection, I desire to recommend to Congress the extension of immediate transportation privileges to Blaine, Nelson, and
Sumas. These ports are on the border, and through them pass international railroads. In order to facilitate commerce, these points
should have the benefits of the immediate - transportation law.
Spokane, by reason of large importations, should also be given all the
privileges of this law.
The benefits of the immediate-transportation act should be extended at once to San Juan, P. R.
The office of the collector of customs for the district of Pearl River,
Miss., should be transferred from Shieidsboro (Bay St. Louis) to
Biloxi. Seagoing vessels can not touch at the first-named place, and
the important business of the district is transacted at Biloxi. The
chief port of entry in the district of Alaska, now Sitka, should^be
transferred to Juneau, with which place there is now telegraphic
communication. This would enable the collector to communicate
more quickly with the Department and with the numerous subports
in his jurisdiction, which is growing rapidly in importance.
Improved methods at ports.
A reorganization of the methods of handling merchandise at the
port of New York and some of the other large ports has been inaugurated during the fiscal year, and the results have abundantly justi-




SECRETARY OF THE TREASURY.

21

fied the changes made. By means of time stamps and other checks,
the movement of merchandise through the custom-house is checked
to the minute and delays have been reduced in some cases several
days. All unwarranted delay has been eliminated entirely, and the
responsibility for any congestion or stagnation in the movement of
merchandise can be fixed instantly. As a result of these changes,
complaints of delay in the delivery of merchandise from customs
custody at the port of New York have practically disappeared.
Similar changes were under way at other ports at the close of the
fiscal year.
Prosecutions for violation of the customs laws have been vigorous.
The Department of Justice has given the most thorough and cordial
cooperation, and the result has been a number of successful prosecutions throughout the country, all of which will have a deterrent effect
upon fraud against the revenues.
Steps have been taken during the last fiscal year to secure a more
uniform appraisement of merchandise throughout the country, and
to that end orders were issued enlarging the scope of the appraisers'
conference, enabling additional officers acting as appraisers to participate. Good effects are anticipated from this policy of encouraging uniform valuation.
In this connection, the appropriation for the conference of appraisers
should be increased to such an extent that all officers acting as
appraisers throughout the United States may be included in this
conference. It is only through conferences of this nature that absolute uniformity of ajipraisement can be secured in all the important
ports, and I recommend that sufficient money be appropriated to
secure the best results from such a policy.
Specific authority should be given by Congress for the designation
of some subordinate at each port to act as acting appraiser in the
absence of the appraiser.
Special attention has been directed toward the customs service for
the Louisiana Purchase Exposition, and arrangements have been made
that exhibitors at the fair be given every facility for the prompt
passage of their exhibits through the customs.
It is urgently recommended that Congress require the registration
of all customs brokers in the United States under such regulations
as may be prescribed by the Secretary of the Treasury.
Smuggling.
The suppression of smuggling has required the constant vigilance
of customs officers. In New England a former offender was arrested,
convicted, and imprisoned on the charge of smuggling tobacco in
bales ; two smugglers of laces are now under bail awaiting trial, and



22

REPORT ON THE FINANCES.

criminal proceedings are pending against smugglers of woolen cloths
concealed in cars containing paper stock. At several of the larger
ports numerous arrests of seamen detected in smuggling Sumatra
tobacco have been made. In northern New York two persons were
convicted of smuggling wool. Frequent seizures of smuggled wool,
horses, and cattle are made in that section. In Florida a conspiracy of long standing to smuggle cigars from Havana has been
unearthed and criminal prosecutions are in progress in this connection, and also for the illicit introduction of Cpban rum. Customs
officers on the Mexican frontier have been lately required to arrest
smugglers, in addition to making seizures, with good results.
With the cooperation of the Postmaster-General, the illicit importation of merchandise in the foreign mails is expected to be greatly
reduced, postmasters being reqiiired to make good the duties not
collected through their negligence.
In Illinois two persons have been lately convicted of smuggling
so-called Mexican drawn work, and goods in their possession of the
value of over $3,000 have been seized for forfeiture. On the Pacific
coast the officers have been vigilant and active. At San Francisco
alone there were 1,442 seizures of goods, appraised at an aggregate
of $25,771.31, and two opium smugglers were sentenced to imprisonment. Thirty arrests for similar offenses were made in the district
of Puget Sound.
Undervaluation.
Fraud upon the customs revenue from undervaluation of imported
merchandise, though of frequent occurrence, is difficult to establish.
Many classes of imported goods, purchased abroad by the buyers of
American houses, are consigned by the manufacturers to agents in
New York for entry and delivery, instead of being invoiced directly
to the purchaser. If such goods are made exclusively for this' market, as is sometimes claimed, it is not easy to ascertain their real
value in the foreign marke'^t.
Experienced and efficient agents are employed to investigate and
report upon such irregularities, and their services have been valuable.
In New York one importer was convicted and imprisoned for fraud
in the importation of high-grade chemicals, and an appraising officer
in collusion with him was dismissed and i's yet to be tried on a criminal indictment. Importers of precious stones have attempted to
evade proper appraisement by shipping their goods in bond to agents
at the smaller ports. The Department has given special attention
to such cases, and advances in value involving penalties have been
sustained on reappraisement..



SECRETARY OF THE TREASURY.

23

INTERNAL REVENUE.

The collections in the Internal Revenue Bureau have been variable during the past five years because of the passage of Spanish-war
revenue taxing laws, which for three years increased the collections
by $100,000,000 per year. Congress, by act approved March 2,
1901, reduced materially the receipts of the Bureau by a partial
repeal of these laws, and by act approved April 12,1902, the Spanishwar taxes were totally repealed. During the past fiscal year, therefore, the objects and rates of internal-revenue taxation have been
practically the same as those existing prior to the 1st of July, 1898.
By reason, however, of general business conditions, the income of
the Government from internal-revenue receipts is much larger than
prior to the Spanish war. The total receipts for the fiscal year which
ended J u n e 30, 1898, were $170,866,819.36. The receipts for the
past fiscal year were $60,000,000 greater. The following summarized
statements show the operations of the Bureau during the year:
RECEIPTS PROM INTERNAL REVENUE, AS SHOWN BY COLLECTORS' REPORTS, IN 1902
AND 1903.
Piscal year ended J u n e 30—
Objects of taxation.
1902.

1903.

Increase.

$121,138,013.13 $131,953,473.39 $10,815,459.26Distilled spirits
51,937,935.19
Manufactured tobacco
43,514,810.24
71,988,903.39
47,547,856.08
Permented liquors
-.
3,944,493.46
736,783.31
Oleomargarine
34.00
6,445.26
Pilled cheese
:...
6,421.26
2,212.85
1,795.50
Mixed flour
Adulterated butter, and process or
151,558.97
a 500.00
renovated b u t t e r
151,058.97
899.50
237.50
Banks and bankers
672.00
c6,827,303.97
6 33,855,693.73
Miscellaneous

Total.

271,867,990.1

230,740,925.22

Decrease.

$8,423,114.95
24,441,046.31
3,207,709.15
417.35

17,028,388.76
41,127,065.03

a Advance collections under act of May 9,1902.
b Includes special taxes, legacies, Schedules A and B, excise tax, etc., repealed J u l y 1,1903.
c Includes $5,356,774.90 from legacies on which the t a x had accrued prior to the repeal of the act.

A detailed statement of the "receipts and expenditures will be found
in the report of the Commissioner of Internal Revenue.
The total cost of collection forthe fiscal year ended June 30,1903,
was $4,771,188.50.
The total production of distilled spirits, exclusive of fruit brandies,
was 141,776,202.1 taxable gallons, against 128,623,401.9 gallons in
1902, an increase of 13,152,800.2 gallons.
The production of fruit brandies increased 2,210,273 gallons.
During the fiscal year 1903, 2,441 distilleries of all kinds were
operated, a decrease of 497.
The production of beer was 46,720,179 barrels, an increase of.
2,170,052 barrels.
The total receipts from the taxes on tobacco, cigars, cigarettes,
snuff, etc., were $43,514,810.24. The receipts from the same sources

in 1902 were $51,937,925.19 a decrease of $8,423,114.95.


24

REPORT ON T H E FINANCES.
PUBLIC BUILDINGS.

The work of erecting the various public buildings authorized by
Congress to be constructed by this Department is progressing with
all possible dispatch. Owing, however, to the large number of buildings, for which limits of cost were ^xed- by the third session of the
Fifty-fifth Congress and the first and second sessions of the Fiftyseventh Congress, a considerable volume of work yet remains to be
done. Every energy of the Departnient is being used to carry into
effect the various appropriation acts of Congress relating to public
buildings, and satisfactory results are being secured. Delays in
beginning work on many of these buildings are due to difficulties
encountered in securing title to the sites selected. The Department
is prohibited by law from doing any work upon the plans for public
buildings until title to the sites therefor is vested in. the Government, and this provision of law, while wise, frequently prevents
commencement of work on buildings which are urgently needed.
The constant aim of the Department in recent years has been to
construct the buildings within the limits of cost fixed by Congress,
and as a result of this policy it is rare that a deficiency appropriation in any amount is requested. In the earlier days of public construction, deficiencies sometimes running into the millions were
annually asked.
In order to expedite the construction of many buildings which
would otherwise be delayed, consideration has been given to an
extension of the operations of the Tarsney Act, in order to secure
competitive plans for certain of the smaller buildings; and while the
matter is yet in an experimental stage, the results will be carefully
considered, and if found satisfactory the number of buildings to be
erected under the act referred to will be increased.
STATEMENT OF BUILDINGS COMPLETED, S I T E S AUTHORIZED, ETC.

Total number of buildings and sites at date of last report
578
Add custom-houses, Mayaguez, Ponce, and Humacao, P. R. (President's proclamation, June 30, 1903); Nome, Alaska (Executive order, April 16, 1903), and
post-office, Honolulu, Hawaii (governor's proclamation, May 4, 1903)
5
New sites authorized since date of last report
31
Total

^

614

The above is amplified as follows:
Number of buildings completed and occupied at date of last report, including
marine hospitals and quarantine stations
386
Completed since
12
Add custom-houses in Porto Rico and Nome, Alaska, and post-office, Honolulu,
Hawaii
5
In course of erection
35
Not begun
132
Numher of sites only
44
Total



614

SECRETARY OF THE TREASURY.

25

E X P E N D I T U R E S FOR P U B L I C BUILDINGS DURING FISCAL Y E A R E N D E D J U N E 30,

1903.

For sites, for the construction of public huildings, extensions, and additions and alterations especially appropriated for
|6,610,475.39
For repairs and preservation of public buildings
417,939. 05
For heating apparatus for public buildings
146,201.77
For vaults, safes, and locks for public buildings
29,573.71
For photographic duplication of plans for public buildings, including
books of reference and technical periodicals
2,160.04
Total

7,206,349.96
PNEUMATIC DISPATCH SYSTEM.

The Department renews the recommendation contained in thelast
annual report that a system of pneumatic dispatch be installed to
connect the Treasury Department with its various branches as now
established in the city of Washington.
PUBLIC HEALTH AND MARINE-HOSPITAL SERVICE.

The operations of this Service have been conducted during the past
fiscal year under the act of Congress to '' Increase the efficiency and
change the name of the Marine-Hospital Service," approved July 1,
1902, and new regulations issued in accordance therewith.
Sanitary .convention of American republics.
In accordance with resolutions passed by the second International
Conf erence of the Pan-American States, held in the City of Mexico,
October, 1901, to January, 1902, the first general International Sanitary Convention of the American Republics was held at Washington,
D. C., from December 2 to December 5,1902. Eight Central and South
American rep'ublics, Mexico, and the United States were represented
in the convention, which effected the formation of an international
sanitary bureau, to aid and be aided by the several republics and to
be permanently located in Washington.
National quarantine service.
Maritime quarantine has been conducted at 37 national quarantine
disinfection and inspection stations in the United States proper, and
5,922 vessels were inspected before entry and 352 vessels disinfected.
In October, 1902, by request df the State health authorities of
Maine, inspectors were stationed, and are still maintained, on the
northern border of that State to prevent the introduction of smallpox
from the Province of New Brunswick.
The inspection service on the Mexican border has been continued
against the introduction of smallpox, yellow fever, and plague, which
last disease made its appearance in Ensenada, Lower California, and
Mazatlan, upon the west coast of Mexico.



26

REPORT ON THE FINANCES.

National quarantine has been conducted through officers of the
Service in all the principal ports of Porto Rico, Hawaii, and the
Philippines. The recrudescence of the cholera epidemic in the Philippines necessitated the maintenance of a stringent outgoing quarantine upon all vessels from Manila to the uninfected ports in the
islands as well as to ports in the United States and its other insular
possessions. A quarantine of five days is imposed on army transports before allowing them to sail for the United States.
Under legislation enacted duringthe Fifty-seventh Congress, $80,000
was appropriated for improvements to the station on Quarantine
Island in Honolulu Harbor, and measures are under way for effecting
the required improvements.
Service officers, with supervision over all outgoing vessels bound
for t h e United States or its insular possessions, are stationed at five
ports in Cuba—Havana, Matanzas, Nuevitas, Santiago, and Cienfuegos. Officers are also stationed at seven fruit ports in Centra]
and South America to inspect fruit vessels departing for our southern ports. On account of the.prevalence of plague in China and
Japan, medical officers have been detailed for duty at Yokohama,
Nagasaki, and Kobe, Japan, and Hongkong and Shanghai in China;
and because of yellow fever in Mexico details have been made for
duty at Vera Cruz, Progreso, and Tampico.
New regulations for maritime quarantine and for the Mexican and
Canadian borders were prepared and promulgated by.the Secretary
of the Treasury April 1, 1903, in which practical recognition is given
to recent advances made in the study of the origin and propagation
of epidemic disease.
Smallpox, plague, and yelloio fever.
Reports show the continued prevalence of smallpox in a mild
form in nearly every State of the Union. During the fiscal year
1903, there were reported in 44 States 42,590 cases, with 1,642 deaths,
a mortality of 3.86 per cent.
Cases of plague have continued to appear in the Chinese district
of San Francisco. Thirty-eight cases were reported during the fiscal
year. The aid afforded the municipal authorities has been continued, and this joint work has nq doubt served to confine the disease
to its original limits.
No yellow fever was reported in the United States during the fiscal
year, although it is now prevailing in some of the ports of Mexico and
more southern countries. Cuba has continued to be free from it.
The work of the yellow-fever institute mentioned in the last two
annual reports has been continued, and five bulletins, Nos. 9 to 13,
have been issued. Bulletin No. 13 is of special importance, and is
a study of the etiology of yellow fever, being the report of a working




SECRETARY OF THE TREASURY.

27

party of medical officers stationed at Vera Cruz, Mexico, from May
to October, 1902, and whose labors were continued in the United
States until March, 1903. At the present time a second working
party is continuing the investigation at Vera Cruz to verify the findings of the first party, and to endeavor to demonstrate the life cycle
of the organism in the blood and tissues of yellow-fever patients.
Marine hospitals.
The Surgeon-General reports the relief statistics for the year as
follows:
Total number of patients
Numher of patients treated in hospital
Number of patients treated in dispensary
Total number of days' relief in hospital
Excess in number of patients over previous year.
Excess in number of days' relief over previous year

'.

58,573
13,567
45,006
383,389
2,263
26, 620

The Service ^controls and operates 23 hospitals, of which 22 are
owned by the Government. In addition to the marine hospitals,
there are 121 relief stations where seamen receive hospital and dispensary treatment. A relief station was established during the year
at Nome, Alaska.
The purchase of the Seamen's Retreat, Staten Island, N. Y., heretofore leased and operated as a marine hospital, was consummated
during the year. The price paid was $250,000. The commission
appointedby Department order of October 15,1902, recommended that
a part of the United States arsenal reservation in Pittsburg, Pa., be
obtained for a hospital site, and the act of March 3, 1903, authorized
the transfer to the Department, at the discretion of the Secretary of
War, of 5 acres for this purpose. The commission appointed by
the Department February 17, 1903, recommended purchase of a site
in Buffalo, N. Y., approximately 5 acres in extent. Building plans
for a hospital at Savannah, Ga., are now being prepared by the
Supervising Architect. The hospital will be erected on land owned
by the Government.
Sanatorium for consumptives, Fort Stanton, N . Mex.
Two hundred and seventy-four patients have been treated during
the year, an excess of sixty-two over the previous year. Twelve were
discharged recovered, fifty-four improved, and ten not improved;
one hundred and fifty remained under treatment at the close of the
year.
Medical inspection of immigrants.
During the fiscalyear, 857,046 immigrants were inspected b y t h e
officers of the Service to determine their physical fitness for admission
as prescribed by the immigration laws. One officer has been stationed



28

REPORT ON T H E F I N A N C E S .

at Naples, Italy, and another at Quebec, Canada, in the interest of
the medical-inspection service. Examinations are conducted at 32
ports in the United States, and on account of the large number of
immigrants'entering at New York, Boston, Baltimore, Philadelphia,
New Oiieans, and San Francisco, medical officers have been assigned
to duty at these ports exclusively for the examination of arriving
aliens. Under statute, the expense of these inspections is met by the
immigration fund.
Personnel.
At the close of the fiscal year the commissioned corps of the
Service consisted of 109 officers, as follows: The Surgeon-General,
6 assistant surgeons-general, 24 surgeons, 27 passed assistant surgeons, and 51 assistant, surgeons. There were 179 acting assistant
surgeons, including 7 appointed for duty at fruit ports of Central
and South America.
Expenditures.
The balance of the appropriation for the maintenance of the Public
Health and Marine-Hospital Service at the beginning of the fiscal
year was $635,831.51; the receipts from all sources, tonnage tax,
repayments, care of foreign seamen, and reimbursements from the
Immigration Service, etc., were $947,240.98. The expenditures for
the same period were $1,096,434.49, leaving a balance on hand at the
end of the fiscal year of $486,638.
The amount available of the appropriation for preventing the
spread of epidemic disease at the beginning of the fiscal year was
$654,090.10; the expenditure was $165,038.11, leaving a balance
July 1, 1903, of $489,051.99.
The amount of the appropriation for the quarantine fund was
$325,000. There were repayments for the care of foreign seamen,
etc., of $2,621.83. The expenditures were $322,712.02, leaving a
balance at the close of the fiscal year of $4,909.81.
LIFE-SAVING SERVICE.

The operations of the Life-Saving Service during the past year are
shown by the following statistics:
There were 346 disasters to documented vessels, on board of which
were 3,682 persons, of whom 20 were lost. The value of the vessels
was estimated at $7,101,605 and that of their cargoes at $1,746,610,
making the total value of property imperiled $8,848,215, of which
$7,683,580 was saved and $1,164,635 lost. The numberof vessels
totally lost was 57.
There were also 351 casualties to undocumented craft comprising
sailboats, rowboats, etc., involving 655 persons, 4 of whom perished.




SECRETARY OF THE TREASURY.

29

The total value of property involved in these disasters is estimated
at $202,935, of which amount $198,465 w^as saved and $4,470 lost.
The aggregate, therefore, is as follows:
Total number of disasters
Number of vessels totally lost
Total number of persons involved
Total number of persons lost
Total number of shipwrecked persons succored at stations
Total number of days' succor afforded
Total value of property involved
Total value of property saved
Total value of property lost

697
57
4,337
24
1^ 086
2,414
|9,051,150
|7,882,045
|1,169,105

Fifty-six persons who were not on board vessels, and therefore
not included in the foregoing summary, were rescued from positions
of peril.
The station crews rendered necessary and very important services
in saving 573 vessels and their cargoes, and assistance of minor
importance was afforded to 438 other vessels, making a total of 1,011
vessels, including craft of all kinds, aided by the Service. Besides
these, 218 vessels which were discovered running into danger of
stranding were warned off by the patrolmen—198 by night and 20
in the daytime.
At the close of the fiscal year the establishment embraced 273
stations, of which 196 are located on the Atlantic and Gulf coasts,
60 on the coasts of the Great Lakes, 1 at the Falls of the Ohio
(Louisville, Ky.), and 16 on the Pacific coast. The net expenditure
for the maintenance of the Service during the year was $1,721,727.48.
Contract has been awarded for the construction of the station
authorized to be established at Fishers Island, N. Y., and sites have
been selected and plans and specifications are being prepared for
stations authorized to be established at Old Topsail Inlet (Beaufort),
Bogue Inlet, and Ocracoke Island (near Ocracoke Inlet), all in North
Carolina. New stations have been completed at Buffalo, N. Y., and
Arena Cove, Cal., and others are in process of construction at Chicago, 111., Racine, Wis., Sabine, Tex., and Long Branch, N. J.
Contract has been entered into for the rebuilding of the old
Crumple Island station to be located on Great Wass Island, Me.
Stations at Long Beach and Squan Beach, N. J., Seatack (Yirginia
Beach), Va., and Whales Head (Currituck Beach), N. C , which were
under reconstruction at the date of the last annual report, have been
completed, as have also the floating station located at the Falls of th6
Ohio (Louisville, Ky.), and a new station at Ship Canal (Portage), Mich.
The Departnient renews its recommendation of last year for the
enactment of legislation in behalf of members of life-saving crews
disabled in the Service and the widows and orphans of those who lose
their lives by reason of injury or disease incurred in the line of duty.



30

REPORT ON THE FINANCES.
REVENUE-CUTTER SERVICE.

The following is a summary of the work performed by vessels of
the Revenue-Cutter Service for the fiscal year 1903, together with the
net expenditures:
Lives saved (actually rescued) from drowning
Persons on board vessels assisted
Persons in distress taken on board and cared for
Vessels in distress assisted
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
Net expenditures.

•

19
799
31
71
21,404
230
e|34,680
$2, 648,549
11,390,000

The operations of the Service during the year have covered the
entire coast line of the United States and the island of Porto Rico.
Thirteen officers have been constantly on detached service with the
Life-Saving Establishment, under provisions of law, for the construction and inspection of life-saving stations, drilling and disciplining
crews, etc. One officer has been on duty connected with the Immigration Service at New York, and another detailed for duty with the
Louisiana Purchase Exposition.
As noted in the last annual report, the revenue cutter Manning
found during a cruise among the Aleutian Islands, in the summer of
1902, what appeared to be a seal rookery located on Buldir Island.
It was deemed of great importance that the presence of possible seal
haunts in these islands should be definitely determined. The
Manning was accordingly assigned to the work, and the cruise of
that vessel for the purpose indicated was in progress at the close of
the fiscal year.
In July, 1902, application was made by the Navy Department to
have a vessel of the Revenue-Cutter Service make a reconnoissance
of the Bay of Water Falls and Nazan Bay, in the Aleutian Islands,
with a view of determining the availability of one or both of those
places for a naval coaling station. On July 19 the revenue cutter
McCulloch was ordered upon the service indicated. The harbors
named were carefully examined, surveyed, and charted, and the information forwarded to the Bureau of Navigation, Navy Department.
The patrol of the North Pacific and Bering Sea by vessels of the
Service, designated by the President for the purpose, was in. active
progress at the close of the year.
Vessels.
The attention of Congress is again invited to the necessity for new
vessels for this Service. They are urgently required, as follows:
One for the sounds of North Carolina to replace the Boutwell,
which is worn out and not worth other than minor repairs. A suitable vessel for these waters can be constructed for $160,000.




SECRETARY OF THE TREASURY.

31

One for service in Florida waters, headquarters at Key West, to
replace the McLane, condemned and ordered sold. A suitable vessel
for this station can be constructed for $200,000.
One for Puget Sound, Wash., to replace .the Grant. A suitable
vessel for this service will cost not less than $200,000. The Grant
is 32 yiears old, having been built at an original cost of $92,500,
There has been expended on it in repairs up to September 15, 1903,,
the sum of $93,786.18. To put the Grant in fairly efficient state for
service would cost not less than $50,000, and it is not economy or good
administration to expend any sum whatever on this old vessel, except
enough to keep it in service until a new one can be provided.
One for service ih Hawaiian waters, headquarters at Honolulu. A
suitable vessel will cost not less than $250,000.
Two launches for service in the waters of Puget Sound. This
class of vessel is needed to supplement the force now in operation
on Puget Sound. Suitable vessels of the launch class can probably
be constructed for $15,000 each.
The Bear and Thetis are the only vessels possessed by the Government which can cope with ice conditions in the Bering Sea and
Arctic Ocean. They are in need of extensive repairs in hull and
motive power, which will require an expenditure of not less than
$65,000 on each. The necessary funds should be appropriated, as
these vessels could not be duplicated for less than $200,000 each.
Without efficient vessels of their type, no relief can be extended to
American interests in the Bering Sea or arctic Alaska.
The revenue cutter Galveston is a fine hull of excellent construction, and is well worth new motive power. It is recommended that
a sum not less than $75,000 be appropriated to provide new boilers
and engine and to make needed repairs. This vessel could not be
duplicated for less than $200,000.
Discipline.
The Revenue-Cutter Service is an organized integral arm of the
public service, similar in features and duties to the organized Navy,
and it is imperative that the safeguards of law be thrown around it
in the matter, of discipline and efficiency, not only for the protection
and well-being of the Service itself, but as well for other public
interests and good administration. As matters now stand, an
enlisted man may with impunit}^ desert the service, even in war
time in the face of the enemy, with immunity from arrest or punishment. The correction of ordinary delinquencies or breaches of discipline can now only be effected by force without law behind it.
It is therefore urged that suitable legislation be enacted covering
this subject in its entirety. A bill will be presented to Congress for
its consideration, which, if enacted, can be enforced without cost.



32

REPORT ON T H E FINANCES."

Pensions.
Attention is again invited to the necessity for making suitable
provision for pensions for the enlisted force of the Revenue-Cutter
Service. Under existing conditions, there have been many men who
have served faithfully for more than twenty years and become physically unfit for the Service, and others who have been maimed in the
performance of duty. Under existing law, there is no recourse but
to discharge these unfortunates at a time of life or in a physical
condition which finds them unable to earn even a sustenance.
SECRET SERVICE.

Incidental to the transaction of the routine work of the SecretService Division, 424 cases were prosecuted and $30,000 in counterfeit notes and coins were confiscated. No new counterfeit notes of
a dangerous character made their appearance, and the amount of
spurious money in circulation was so small as to elicit the favorable
comment of the banks. In this respect, matters were never in a
more satisfactory condition. In addition to the usual duties of this
Service, much valuable work was accomplished for other Departments. Systematic violations of the naturalization laws were investigated, a large number of arrests made, and convictions of the
offenders secured. A defaulting officer of one of the national banks
was traced to Central America, brought back to this country, and
imprisoned for his crime; infractions of the bankruptcy laws were
investigated and the offenders brought to -trial ; Government
employees guilty of the theft of Government property were detected
and punished, and in many ways this division of the Secretary's
office was of material assistance in fixing the responsibility for
grave offenses against the Federal laws. The general efficiency of
the division was materially increased b y t h e adoption and installation
of the Bertillon system of identification in its 25 districts.
DISTRICT OF COLUMBIA.

The net expenditures on account of the District of Columbia for the
fiscal year 1903 were $8,584,037.32. The net revenues deposited in
the Treasury on this account for the same period were $5,168,038.56.
During the year, 3.65 per cent bonds for $3,500 were issued and
sold, and the proceeds applied to the payment of a judgment of the
Court of Claims against the District. The amount of the debt retired
during the year, including the bonds called for redemption on which
interest has ceased, amounted to $1,282,800, resulting in a net reduction of $1,279,300 in principal and of $58,441.40 in the annual interest
charge. Since the close of the fiscal year the debt has been further
reduced by the purchase of 3.65 per cent bonds for $45,750 and by the




SECRETARY OF T H E TREASURY.

33

-redemption of $13,000 seven per cent water-stock bonds maturing July
1, 1903. The total bonded debt now outstanding is $12,858,500, consisting entirely of 3.65 per cent bonds.
The total issue of 3. Q5 per cent bonds is limited by law to $15,000,000,
and of this sum $14,972,800 has now been issued.
Detailed information in regard to the affairs of the District of
Columbia will be found in the report to be submitted by the District
Commissioners and by the Treasurer of the United States, ex officio
commissioner of the sinking fund of the District.
.
^

STATE BONDS AND STOCKS 0V7NED BY THE UNITED STATES.

The following statement shows the nonpaying State bonds and
stocks, formerly in the Indian trust fund, now in the Treasury,
belonging to the United States:
Louisiana
North Carolina
Tennessee
Total

$37,000.00
58,000.00
335,666.66f
;

;

430,666.66f

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 is subject to such
action as may be taken under the joint resolution approved May 12,
1898 (30 Stat. L., 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.
During the present calendar year $125,000 of South Carolina State
bonds and $594,800 of Virginia State bonds, heretofore included in
this statement, were canceled and returned to the States, settlement
of the accounts between the United States and these States having
been made, in the case of Virginia, in accordance with the provisions of the act of May 27, 1902, and in the case of South Carolina
under the act of May 27, 1902, and the act of March 3, 1903.
A history of these State stocks and bonds is given in House document No. 263, Fifty-fourth Congress, second session.
CENTRAL PACIFIC DEBT.

All amounts which have become due to the United States under
the agreement dated February 1, 1899, for the settlement of the
indebtedness of the Central Pacific Railroad Company, have been
paid by the railroad company in full, including interest on all outstanding notes to August 1, 1903.
The principal of all notes held August 1, 1903, amounted to
$32,346,993.58, and first-mortgage bonds to the amount of $32,347,000
were held as security for the payment thereof.

FI 1903
3


34

REPORT

ON T H E

FINANCES.

HAV^AIIAN DEBT.

Pursuant to the appropriation made by the act of March 3, 1901
(31 Stat. L., 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, under which not exceeding
$4,000,000 of the debt of Hawaii, including postal savings deposits,
was assumed by the United States, interest-bearing bonds and postal
certificates have been redeemed by this Department, as follows:
Amount—
Bonds, etc.

Assumed by
Paid by
United States. United States.

Balance
unpaid.

$3,235,400.00
764,570.31

Total

HAWAIIAN FIRE

$3,225,400.00
761,172.76

$10,000.00
3,397.55

3,999,970.31

Bonds
Postal savings deposits

3,986,572.76

13,397.55

CLAIMS.

In accordance with the provisions of the act of Congress approved
January 26, 1903, appropriating $1,000,000 for the payment in part
of judgments rendered under an act of the legislative assembly of the
Territory of Hawaii for property destroyed in suppressing the bubonic
plague in the Territory in 1899 and 1900, and authorizing the Territory of Hawaii to issue bonds for the payment of the remaining judgments, the governor of the Territory on May 11,1903, certified to this
Department for payment 6,748 judgments duly rendered in pursuance
of said act of the legislative assembly, aggregating $1,473,173. Of
this amount, the Territory had already paid 10 per cent from its own
funds, leaving unpaid the sum of $1,325,855.70. The amount appropriated by Congress being equivalent to 75.422989 per cent of tho
unpaid balance, payment upon this basis was begun on behalf of t h e
United States through the First National Bank at Honolulu on May
23,1903. The number of judgments paid to the close of October 24,
1903, was 6,634, amounting to $906,402.66. Those yet to be paid
number 114, and amount to $93,597.34, of which 45, amounting to
$69,415.11, are subject to the interests of others, and are not payable
until the rights of the parties in interest are determined by the courts.
The judgments not subject to contest, and which are payable
whenever certificates of judgments are presented, number 69, and
amount to $24,182.23.
SEPARATED BUREAUS AND OFFICES.
By the act of February 14, 1903, various bureaus, divisions, and
branches of the public service formerly under the jurisdiction of t h e
Treasury Department were transferred to the new Department of Commerce and Labor. The transferred branches inclu<jQ tho Light-House




SECRETARY OF THE TREASURY.

35

Board, the Steamboat-Inspection Service, the Bureau of Navigation,
the National Bureau of Standards, the Coast and Geodetic Survey,
the Bureau of Immigration, and the Bureau of Statistics. Thesame
act also transferred and vested in the Department of Commerce and
Labor all the jurisdiction, supervision, and control formerly exercised by this Department over the seal, salmon, and other fisheries
of Alaska and over the exclusion from the United States of the
Chinese. As these transfers did not ta"ke effect until the close of the
last fiscal year, the summarized reports of the various transferred
bureaus and branches of the service, in so far as they relate to the
operations of the past year, are herewith presented, leaving, however, the Department of Commerce and Labor, in which their control
is now vested, to make all recommendations relating to their future
administration.
IMMIGRATION.

The annual report of the Commissioner-General of Immigration
shows that there arrived in this country during the fiscal yesbT ended
J u n e 30, 1903, 857,046 aliens, traveling in the steerage, an excess
over the corresponding figures for the preceding year of 208,303, or
32 per cent. Of these, 804,456 arrived at United States continental
ports, 16,670 at insular ports, either Hawaii or Porto Rico, and 35,920
at Canadian ports.
Of the total steerage immigration, 814,507 were Europeans and
29,966 Asiatics, while 12,573 came from all other sources.
In addition to the steerage aliens, there arrived 64,269 cabin passengers, making an aggregate immigration of 921,315, or 105,043 in
excess of the greatest number heretofore reported for any year.
The ratio of increase of aliens from countries of northern and
western Europe, as compared with arrivals from the same countries
for the preceding year, was about 47 per cent, while from the countries of eastern and southern Europe it was only about 27 per cent.
In spite of the more rapid increase from northern and western
Europe, the great bulk of European aliens, numbering 572,726, came
from the three countries of Austria-Hungary, Italy, and Russia.
Of the steerage aliens, 613,146 were males and 243,900 females;
102,431 were less than 14 years of age; 714,053, from 14 to 45, while
40,562 were 45 years or over; 668,038 were able to read and write,
3,341 could read but not write, and the remainder, 185,667, could
neither read nor write; 76,702 had been previously in t h e U n i t e d
States; 128,266 brought $30 each or over, while 511,302 had each
less than $30. The total amount of money shown to officers by
immigrants was $16,117,513.
The comparative thrift of these aliens may be gathered from the
fact that 71,782 Germans brought a total of $2,480,634, while 196,117




36

REPORT

ON T H E F I N A N C E S .

South Italians had but $2,159,017; 28,451 English brought $1,405,365,
27,124 Magyars showed only $341,401, and 32,907 Croatians and
Slavonians but $407,117.
Eight thousand seven hundred and sixty-nine immigrants were
denied admission at the ports for the following reasons: Idiocy, 1;
insanity, 23; pauperism, 5,812; communicable diseases, 1,773; convicts, 51; polygamists, 1; immoral women, 13; assisted aliens, 9, and
contract laborers, 1,086, the largest number of contract laborers
excluded in any one year up to the present time. The rejections for
the same causes during the preceding year were 4,974.
There were returned during the year for causes arising subsequent
to landing 547, compared with 465 in 1902, while 6,394 were cared
for in hospitals, against 4,217 during the preceding year.
Of the total steerage immigration,. 233,546 were Italians, 82,343
were Poles, 79,347 Scandinavians, 76,203 Hebrews, 71,782 Germans,
35,366 Irish, 34,427 Slovak, 32,907 Crotian-Slovenian, 28,451 English,
27,124 Magyars, and 155,550 of other nationalities.
There were 35,920 immigrants admitted through Canadian ports,
an increase of 6,721 over the preceding year.
The system of inspection performed under agreement with the
transportation companies on Canadian soil continues to be very
effective, 1,439 aliens affiicted with communicable diseases having
been thus excluded, as compared with 1,773 for all seaports.
The balance on hand in the immigrant fund on June 30, 1902, was
$686,282.21. The receipts during the year ended June 30, 1903,
were $1,416,515.14. The expenditures in the enforcement of the
laws were $826,314.66, leaving an unexpended balance on hand of
$1,276,482.69.
CHINESE EXCLUSION.

An agreement has been entered into with.the Canadian Pacific
Railroad Company by which it delivers all Chinese persons brought
through Canada over its lines directly to United States inspection
officers and takes back to China such as are adjudged by them to be
inadmissible.
There were arrested along the Canadian border, east of Ohio, for
unlawful entrance into the United States, 818 Chinamen, 485 of
whom were discharged and 333 deported. On the Canadian border,
west of New York, 325 were arrested, of whom 105 were discharged
and 220 deported. At. other-points, 277 were arrested, 126 of whom
were discharged and 151 deported.
During the year, 1,995 registered laborers departed from the
United States and 1,459 returned ; 1,759 Chinese exempt from the
exclusion policy under the treaty applied for admission, of whom
1,523 w:ere admitted and 236 were rejected.




SECRETARY OF THE TREASURY.

37

There was expended for the deportation of 535 Chinese persons
unlawfully entering the United States over the Canadian border
$64,965.71; for the deportation of 138 Chinese persons unlawfully in
the United States, principally by entering over the Mexican border,
$15,409.74.
ALASKA.

Seal fisheries.
A preliminary report from the agent in charge of the.seal fisheries
of Alaska shows that 19,292 sealskins were taken on the Pribilof
Islands during the season of 1903. In 1900 the number of seals taken
on the islands was 22,470; in 1901, 22,672, and in 1902, 22,386 (82 of
this nuniber were receipted for in 1903). These figures warranted
the hope that the diminution in seal life had ceased, but the result
of this year's catch seems to prove the contrary. This result is
attributable to pelagic sealing, which spares neither sex, while on
the islands only the surplus male seals are taken.
On November 17, 1902, there was paid by the North American
Commercial Company, lessee of the sealing privilege, and turned into
the Treasury, the sum of $57,236.55, the amount of tax, bonus, and
rental, with interest, on 4,158 sealskins taken by the native inhabitants of the Pribilof Islands in the winter of 1889-1890, and subsequently the subject of controversy between that company and the
former lessee, the Alaska Commercial Company.
Salmon fisheries.
A preliminary report from the agent for the protection of the
salmon fisheries of Alaska states that the estimated pack of salmon
taken in the waters of that Territory during the current year will
amount to 2,400,000 cases, or 231,000 less than the catch of 1902.
The salmon pack of the world for the current year is estimated at
3,400,000 cases, or 866,000 cases less than was taken in 1902.
LIGHT-HOUSE ESTABLISHMENT.

At the close of the year there were under the control of the LightHouse Establishment the following-named aids to navigation:
Light-houses and heacon hghts
1,407
Light-vessels in position
45
Light-vessels for relief
8
Electric-hghted buoys in position
:
11
Gas-lighted huoys in position
119
Fog signals operated by steam, caloric, or oil engines
188
Fog signals operated by machinery
:..
233
Post hghts
1,852
Day or unlighted heacons
546
Whistling buoys in position
88
Bell buoys in position
124
Other buoys in position, including pile buoys and stakes in Fifth district and
buoys in Alaskan waters
5,048



38

REPORT ON THE FINANCES.

In the construction, care, and maintenance of these aids to navigation, there were employed 39 steam tenders, 7 steam launches, 2
sailing tenders, 1,538 light-keepers, 1,199 officers and crews of lightvessels and tenders, and 1,413 laborers in charge of post lights.
During the half century the Light-House Establishment has
remained under the Treasury Department it has increased in size
nearly five times. In 1853 there were 325 light-houses and lighted
beacons; in 1903 there are 1,407 light-houses and lighted beacons. In
1859 there were 1,097 persons employed in the Light-House Service;
in 1902 there were 8,145 persons so employed. The system of lighting
rivers, unknown in 1857, now comprises 1,852 inexpensive post lights,
which have revolutionized river commerce, enabling river steamboats
to run as readily by night as by day. In 1852, while there were clumsy
and costly bell boats, there were no bell buoj^s; there are now 164
bell buoys in position. Half a century ago there were no whistling
buoys or lighted buoys. There are now in use 88 of the former and
119 of the latter. There are now 233 fog-signals operated by clockwork and 188 operated by steam or caloric, of kinds and excellence
unknown in the early days and now unexcelled elsewhere. The
illuminant now used in light-vessels and light-houses is an inexpensive mineral oil, especially adapted to the purpose, instead of the
costly whale oil used in 1852.
The $200,000 appropriated by the act approved on March 3, 1903,
for continuing the establishment of light-houses and fog signals in
Alaskan waters has been practically expended, and with good results,
in the establishment of permanent aids to navigation at important
points for general commerce.
COAST AND GEODETIC SURVEY.

The amount appropriated for the Coast and Geodetic Survey for
the fiscal year 1903 was $828,525, of which $210,245 was for manning
and equipping the vessels of the Survey, $29,600 for repairs and
maintenance of vessels, and $40,000 for office expenses. The remainder of the appropriation was about equally divided between expenses
of parties in the field and salaries of the field and office forces.
Hydrographic surveys were made in 9 States and Territories; topographic surveys in 9; triangulation in 18, and leveling in 7. The field
work necessary for the revision of two volumes of the United States
Coast Pilot covering the coast from St. Croix River, Me., to Point
Judith, R. I., was completed. In Alaska, surveys were continued in
Icy Straits and Prince William Sound, and the geographic positions
of points on St. Lawrence and Nunivak Islands were determined. In
Porto Rico, hydrographic work was continued in the harbors and
bays, and offshore.



SECRETARY OF THE TREASURY.

SV

The director of coast surveys in the Philippine Islands, an officer
of the Coast and Geodetic Survey (with a detail of assistants), in
cooperation with the insular governmeht, has continued the important
work of charting the imperfectly known waters of the archipelago.
The largest vessel belonging to the Survey has also been on this duty
throughout the year. Detached surveys, based upon astronomic
determinations, and including base measure, triangulation, topography, hydrography, and tide observations, have been made at
various points, and many additional telegraphic longitudes have
been determined. Magnetic observations were continued. Sixteen
new charts were issued by the Manila office during the year, and five
volumes of sailing directions.
Good progress was made in the general magnetic survey. Observations were made at about 428 stations in 31 States and Territories,
including Alaska, Porto Rico, Hawaii, and the Philippine Islands,
and also in Canada, Cuba, and Santo Domingo. Magnetic observations were made at sea while the Survey vessels were en route between
New York, Porto Rico, and Key West.
Magnetic observatories were maintained at Cheltenham, Md., at
Baldwin, Kans., at Sitka, Alaska, and at Honolulu, Hawaii, and a
magnetic observatory was established on Vieques Island, Porto Rico.
A continuous record of the changes in the earth's magnetism has
been obtained at these observatories. Special observations were
made at the observatories during the year on the first and fifteenth
of each month at the formal request of the German Government, in
order to cooperate with foreign observatories in international magnetic work during the time of the antartic expeditions which were
sent out from Germany and Great Britain.
Continuous tide observations with self-registering gauges were
maintained at eight stations, including one station in Hawaii and
one in the Philippine Islands.
The Superintendent was appointed a member of the commission
created to re-mark the boundary line between the United States and
Canada from the Rocky Mountains westward, and two officers were
detailed for work in the field. Two officers were detailed to assist
in the preparation of the United States case for presentation to the
Alaska Boundary Commission. The Superintendent also aided in
this work personally. One officer continued on duty as a member of
the Mississippi River Commission. The two officers appointed by the
United States Supreme Court as members of a commission created
by the court to re-trace and mark the boundary line between the
States of Virginia and Tennessee completed that duty and joined in
making a final report which settled a controversy a century old.



40

REPORT ON T H E F I N A N C E S .
NAVIGATION.

On June 30, 1903, the merchant marine of the United States,
including all kinds of documented shipping, comprised 24,425 vessels, of 6,087,345 gross tons. On June 30, 1902, it comprised 24,273
vessels, of 5,797,902 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 1903,
compared with the.fiscal year 1902, and also the construction for the
two years:
COMPARISON OF 1902

AND

1903.

1902.
Number.

1903.

Gross
tonnage.

Number.

Gross
tonnage.

GEOGRAPHICAL DISTRIBUTION.

17,040
42
2,492
61
3,172
1,466

3,149,711
7,662
775,859
36,320
1,902,698
215 095

5,797,902

24,425

6,087,345

16,367
179

2,347,977
273,051

16,187
184

2,391,017
288,240

2,621,028

16,371

2,679,257

6,443
1,284

1,270,046
, 1,906,828

6,675
1,379

1,256,081
2,152,007

7,727

3,176,874

8,054

3,408,088

703
2,770

79,408
599,742

695
2,840

78,406
634 927

3,473

679,150

3,535

713,333

155
186
885

398,135
60,690
423,730

156
201
813

464,232
63,178
361,366

1,226

882,555

1,170

888,776

1,129
6,257
15,661

1,508,693
1,209,356
2,197,298

1,223
6,474
15,558

1,687,775
1,192,903
2,317,891

23,047

;

17,218
59
2,575
69
3,110
1,394

16,546

Total

2,978,876
6,180
741,825
32,386
1,816,511
222,124

24,273

Atlantic and Gulf coasts
P o r t o Rico
Pacific coast
Hawaii
N o r t h e r n lakes
Western rivers

4,915,347

23,255

5,198,569

6973
d224
133
161

237,063
53,059
168,873
9,836

c847
el91
123
150

244,860
43,336
136,844
11,112

1,491

468,831

1,311

436,152

POWER AND MATERIAL.

Sail: (a)
Wood
Iron and steel

.'

Total
Steam:
Wood
Iron and steel
Total
Canal boats
Barges
Total
TRADE.

Registered:
Steani, iron and steel
Steani, wood
' Sail, wood and iron and steel (a)
Total
Enrolled and licensed:
Steam, iron and steel
•
.'
Steam, wood
• ..
Sail, wood and iron and steel (a)
Total
CONSTRUCTION.

Geographical distribution.
Atlantic and Gulf coasts
Pacific coast
N o r t h e r n lakes
Western rivers
Total

;

....

Including canal boats and barges.
c Including 10 vessels of 112 tons, Porto Rican.
Including 3 vessels of 72 tons, Porto Rican. d Including 1 vessel of 44 tons, Hawaiian,
e Including 4 vessels of 41 tons, Hawaiian.



SECRETARY

OF T H E

41

TREASURY.

COMPARISON O F 1902 AND 1903—Continued.
1902.
Number.

Sail:
Wood
Steel

1903.

Gross
tonnage.

Number.

Gross
tonnage.

Power a n d material.
578
3

89,292
8,406

466
4

77,795
12,184

Total

581

97,698

470

89,979

Steam:
Wood
Iron and steel

477
102

37,246
270,932

451
100

31,674
240,107

579

308,178

551

271,781

44

4,539

19

2 215

285
2

57,392
1,024

267
4

66,249
5,928

Total
Canal boats
Barges:
Wood
Steel
Total
Grand t o t a l . . . .

287
.

58,416

271

72,177

1,491

468,831

1,311

436,152

For the first time in our history the documented shipping of the
United States on June 30, 1903, exceeded 6,000,000 gross tons. The
amount of tonnage registered for foreign trade for several years has
been almost unchanged. By the substitution of steamers for sail
vessels the percentage of our exports and imports carried by American vessels increased last fiscal year to 9.1 per cent.
Tonnage-tax collections reported to the Bureau of Navigation
amounted to $885,841.33, compared with $868,783.91 for the previous
year.
Last fiscal year 197,918 seamen were shipped, reshipped, and discharged before shipping commissioners established at 21 principal
seaports, at a cost of $60,938.79. The shipping commissioner's office
at Mobile, Ala., has been discontinued, and the duties of that office
transferred to the collector of customs.
STEAMBOAT-INSPECTION

SERVICE.

The expenses of this Service during the fiscal year ended June 30,
1903, were, for salaries, $305,926.70, an increase over the previous
year of $2,130.09; for contingent expenses, $63,817.10, an increase
of $7,557.85.
The number of vessels inspected and certificated was 9,326, with a
total tonnage of 5,536,803, an increase over the previous year of 65
in number of vessels and 243,277 in tonnage. Of the vessels inspected
and certificated, there were 360 foreign passenger steamers of 1,666,654
gross tons; 8,296 domestic steamers, of 3,259,121 gross tons; 153motor
vessels, of 6,850 gross tons, and 517 sail vessels and barges, of 604,178
gross tons.



42

REPORT ON THE FINANCES.

There were licensed during the fiscal year 20,062 officers of all
grades, a decrease from the previous year of 46. One thousand eight
hundred and sixty-six applicants were examined for color blindness,
of which number 63 were rejected.
There were inspected at various mills 6,105 plates of steel for construction of marine boilers, of which 765 were rejected for various
defects.
The total number of^ accidents of all kinds resulting in loss of life
during the fiscal year was 49. Of this small number, only 4 were
caused by boiler explosions. The total loss of life by accidents
from various causes for the year was 292, a decrease from the previous year of 153. Of the 292 fatalities recorded. 145 were from
accidental drowning.
FOREIGN COMMERCE.

The foreign commerce of the year was the largest in the history of
the country. The total imports were valued at $1,025,719,237, and
the total exports at $1,420,141,679. This makes the grand total of
the yearns commerce $2,445,860,916, against $1,714,066,116 in 1893,
$1,547,020,316 in 1883, and $1,164,616,132 in 1873. Thus the increase
in the past decade has been more than that of the two immediately
preceding decades combined.
The imports of the year exceeded by more than a hundred millions
those of any preceding year, and for the first time passed the billiondollar line. The exports were larger than in any preceding year,
with the single exception of the record year 1901, and, despite the
extraordinary demands of the home market, fell but $67,623,312
below those of that year. The large imports were chiefiy due to the
great demands of the manufacturers for material for use in their
workshops, and in part to the general prosperity which led to an
increase in the importation of manufactures and luxuries. The value
of the raw material imported for manufacturing was $375,150,947, an
increase of $47,494,550 over last year, and the value of the partly
manufactured materials for use in manufacturing was $114,320,720,
an increase of $23,202,726 over last year, making the total of manufacturers' material imported $489,471,667, an increase of $70,697,276
over last year and of $164,005,775 over that of 1893. The increase
in importations of raw material occurred in practically all classes,
while that of partly manufactured material was chiefiy in iron and
steel for use in manufacturing, despite the fact that the home production of iron and steel last year was the largest in the history
of the country. The condition of general prosperity which led to
an increase in other classes of imports is indicated by the fact that;
the importation of diamonds alone amounted to $26,507,786, against
$18,887,523 in 1902.




SECRETARY OF THE

43

TREASURY.

Of the total exports, amounting to $1,420,141,679, those of domestic
production amounted to $1,392,231,302. Products of agriculture
exported amounted to $873,322,882, and were larger in value than
in any preceding year except 1901. The total valae of the manufactures exported was $407,526,159, an increase of $3,884,758 over
last year, despite the exceptional demand of the home market.
The commerce with the noncontiguous territory of the United
States showed a gratifying increase during the year. The value of
the merchandise brought into the country during the .year from the
islands which have recently come under the American flag was: Porto
Rico, $11,051,195; Philippines, $11,372,584; Hawaii, $26,242,869—a
total of $48,666,648, against $20,252,563 in 1897. The shipments of
merchandise to those islands during the year were : Philippines,
$4,038,909; Hawaii, $10,840,472; Porto Rico, $12,246,225—a total of
$27,125,606, against $6,773,560 in 1897. The value of merchandise
received from Alaska was $10,228,009, and of the merchandise sent
to that Territory, $9,497,721, making the total commerce with our
noncontiguous territory $95,518,044 during the year. If to this were
added the gold ore of domestic production received from Alaska,
$4,719,579, the total would exceed $100,000,000.
The following table presents in concise form the record of the
foreign commerce of the country in 1903, compared with preceding
years:
ANALYSIS OF THE COMMERCE OF 1903, COMPARED WITH PRECEDING YEARS.
Year ending J u n e 30—
1902.

1903.

$339,608,669
483,563,496

$396,818,871
506,502,077

$426,180,979
599,538,258

$29,362,108
93,036,181

903,320,948 1,025,719,237
56.07
58.45
52,021,254
44,982,027
28,232,254
24,163,491

122,398,289
2.38
a 7,039,227
a 4,068,763

1,370,763,571 1,460,462,806 1,355,481,861 1,392,231,302
23,719,511
27,910,377
27,302,185
26,237,540

36,749,441
1,672,837

1,394,483,082 1,487,764,991 1,381,719,401 1,420.141,679

38,422,278

Imports:
MerchandiseFree
Dutiable

$367,236,866
483,704,318
849,941,184
Total
56.79
P e r cent dutiable —
44,573,184
Gold
Silver
'
35,256,302

Exports :
Merchandise—
Domestic
Foreisrn
Total
Excess of exports over imp o r t s (merchandise o n l y ) . . .
Gold
Silver
I m p o r t s for consumption
Duties collected
Ad valorem duties—
On dutiable, per c e n t . .
O n f r e e a n d dutiable
percent..
Tonnage:
E n t e r e d in the foreign
trade
tons..
-Cleared in the foreign
trade
tons..




Increase in
1903 over 1902.

1901.

1900.

823,172,165
58.74
66,051,187
36,386,521

544,541,898

664,592,826

478,398,453

391,422,442

a 83,976, Oil

48,266,759
56,712,275

53,185,177
64,285,180

48,568,950
49,732,390

47,090,595
44,250,259

a 1,478,355
a 5,482,131

830,519,252
229,360,771

807,7^3,301
233,556,110

899,793,754 1,007,960,110
251,453,155 280,752,416

108,166,356
29,299,261

49.24

49.64

49.78

49.03

a.75

. 27.62

28.91

27.95

27.85

a.10

28,163,005

29,768,021

30,654,432

31,093,663

439,231

28,281,141

29,819,893

30,444,082

31,316,168

872,086

a Decrease.

44

REPORT ON T H E F I N A N C E S .
NATIOiSTAL BUREAU OF STANDARDS.

Pending completion of its two new buildings, the work of this
Bureau has been carried on in temporary quarters in the Coast Survey and Butler buildings, and at 235 New Jersey avenue SE. The new •
mechanical laboratory will be occupied in a few months, and the
construction of the physical laboratory, begun in March, is well
under way.
Preliminary work necessary in the most important lines of testing
is well advanced. The demands made upon the Bureau, however,
have been far in excess of its ability to meet. Requests have been
made by Government bureaus, manufacturers, and scientists for
information concerning standards, methods of construction and
measurement, and physical constants, as well as for the comparison
of their standards with those adopted by the Government. The
verification of standard bars and gauges for use ih manufacturing
fine machinery was begun during the year. A bench standard for
testing surveyors' and engineers' steel tapes was designed for the
State of Massachusetts, for the city of Chicago, and for manufacturers of steel tapes. A set of model weights for State and city
, inspectors is being designed. The State laws concerning weights and
measures have been compiled for early publication.
The testing of clinical thermometers was begun during the year.
Manufacturers submitted standard thermometers for verification,
a n d . t h e corrections furnished, after careful study, resulted in a
marked improvement in the accuracy of the readings of the clinical
thermometers manufactured. Manufacturers have cheerfully cooperated with the Bureau in this matter. The Bureau is now prepared
to test thermocouples up to 1500° C. (2700° F:), and the important
work of testing pyrometers will soon be begun.
Plans for the construction of primary mercurial resistance standards and of standard cells have been developed and materials procured for their construction. Facilities are now provided for testing
electrical measuring instruments as well as resistance standards,
inductances, capacities, and condensers.
A photometric laboratory has been equipped for the testing of
standards of illumination, and a comparison of the standards used by
manufacturers of incandescent electric lamps has been undertaken.
International metric system.
During the year the attention of this Department has been forcibly
called to the growing need for international uniformity in so fundamental a necessity to trade as weights and measures. The Customs



SECRETARY OF THE TREASURY.

45

Congress of American Republics, held at New York, strongly urged
the adoption of the metric system to simplify the transaction of
Government business in connection with international trade. Moreover, the National Board of Trade of the United States, the Board
of Trade of Canada, and the Congress of Chambers of Commerce of
the British Empire have recently urged by strong resolutions the
adoption of the metric system. The experience of 40 countries of the
world has proved beyond question that the international metric system
is unsurpassed for practical convenience, possessing as it does a terminology concise, definite, and free frora ambiguity, affording a maximum facility in the countless transactions and computations of science,
manufacture, and commerce.

OUR MONETARY SYSTEM.

Our currency system has been subjected during the year to some
very severe tests. Unprecedented prosperity encouraged the natural
optimism of our people to such an extent that property of all
kinds found ready and eager buyers at figures phenomenally high.
A condition, therefore, existed which of necessity could not last.
Within a year the market value of stocks and bonds, the proper and
legitimate holdings of the people, has depreciated in an amount
estimated far in excess of the cost of four years' devastating civil
war. Yet notwithstanding this enormous and inconceivable shrinkage, it has not affected in noticeable degree other classes of property.
Banking institutions have exhibited no suggestion of weakness, few
business failures have occurred, there has been but a slight curtailment in commercial enterprises, very little apparent hardship, and
absolutely no fear of any depreciation in any form of currency. To
all appearances the crisis is passed. There now exists scant reason
for apprehension—certainly no occasion for alarm.
By the provisions of a very wise act of Congress approved March
14, 1900, it was made the duty of the Secretary of the Treasury to
redeem United States notes and Treasury notes in gold on demand,
and to maintain all forms of money issued or coined by the Government at a parity of value. Evidently the people have understood,
as they are justified in doing, that this statute authorizes the redemption of silver and silver certificates in gold whenever necessary for
the maintenance of parity. Nothing short of this assurance would
have carried us through the period to which I have referred.
One well-recognized weakness, however, has been strongly emphasized—our currency system is nonelastic. It does not respond to the
varying needs of seasons, or of localities, or of changing conditions



46

REPORT ON THE FINANCES.

of business. This admitted defect should be remedied. But in
remedying it no measure should be considered that will in anywise
weaken that which is now stable, and no element should be injected
that will cause distrust or doubt. Fortunately, at the present time
ho recipient of any of our several forms of money stops to examine
its character. It is all known to be as good as gold, for the credit
of the Government is pledged to maintain its parity with gold. No
act should be passed authorizing the issuance of anything less safe
and secure.
National-banh circulation.
During the fiscal year ended June 30, 1903, national-bank circulation increased, in round numbers,' 57 millions, only 12 millions of
which was due to new organizations. Manifestly this rate of increase
can not be continued unless additional United States bonds are provided, or some other plan is devised.
In my last annual report I called attention to the fact that the act
of June 28, 1902, which authorized the Secretary of the Treasury to
borrow 130 millions for the construction of the proposed Isthmian
Canal, does not permit the use of these bonds as security for nationalbank circulation at a less rate of taxation than 1 per cent per annum.
I repeat my recommendation then made that these proposed bonds
be made available as the basis of circulation on the same terms as
the consols authorized by act of March 14, 1900.
Subsidiary coinage.
There is now available for coinage into subsidiary coin less than
5,000,000 ounces of silver. This will be exhausted approximately at
the close of the current fiscal year. Authority should be given to
recoin existing silver dollars into subsidiary coin, or to purchase
additional silver with which to supply the ever-increasing needs of
the country. The present volume of silver stored in the vaults of
the Treasury is equivalent to nearly 500 carloads of 30 tons each.
It would cost $100,000 to recount it. This enormous amount is worth
in bullion less than half of its coinage value, but it is all redeemable,
at the discretion of t h e Secretary of the Treasury, in gold. Manifestly it must always be stored or other uses provided. Whether it
be wiser to continue this burden and purchase additional bullion for
subsidiary coinage, or to authorize the conversion of a portion of
these dollars into more available forms of money, is for the Congress
to determine. In any event, some provision should be made for an
increase of subsidiary coin.



SECRETARY OF THE TREASURY.

47

Bank notes of small denominations.
There is also a scarcity of paper currency of small denominations.
That this demand may be supplied, I recommend that national
banks be permitted to issue a larger proportion of their authorized
circulation in denominations of five dollars.
OTHER RECOMMENDATIONS.

I desire to emphasize the following recommendations, the reasons
for which are more fully set forth in the preceding pages or in my
last annual report:
The mint at New Orleans is both inconvenient and expensive, v It
should, in my judgment, be reduced to an assay office.
The assay office at New York is inconvenient in construction,
inadequate in size, unfortunately located, and should be sold and a
new one built. Fortunately, the present site can be sold for enough
to buy one more eligible, erect a suitable building thereon, and have
a respectable balance left to cover into the Treasury.
The tax on national-bank circulation, based upon bounds hereafter
issued, should be fixed at one-half of 1 per cent per annum.
. Many customs districts should be abolished and others consolidated.
No little criticism of the Customs Service has arisen from fictitious
and exorbitant charges, as well as other acts of misconduct of those
engaged in representing importers before the Department. Some
of the worst frauds upon the revenues of the Government have
been accomplished through the same agencies. The arguments which
have led all States to place limitations upon those who seek to practice law or medicine will apply with equal force in support of the
recommendation that customs brokers be required to register with
the Department, and pay therefor a nominal fee, such registration
to be subject to cancellation for cause by the Secretary of the
Treasury.
The installation of a comprehensive pneumatic tube system between
the Treasury Department and its widely scattered branches and
bureaus, and the several Departments whose accounts are audited in
the Treasury Department, would be a very profitable investment.
Agreeably to an act of Congress approved March 3, 1903, title to
square 143, in the city of Washington, will very soon be perfected as
a site for a hall of records. Many of the corridors of the Treasury
are now filled with boxes and cumbersome file cases awaiting the
construction of such a building. In addition, this Department has
several rented buildings filled to overfiowing. Other Departments
are equally congested.
Relief from this condition is urgently
needed.



48

REPORT ON THE FINANCES.

I earnestly recommend the construction of several very fast revenue cutters, small enough to be used for boarding and swift enough
to overtake and arrest smuggling vessels now engaged in transferring
goods from tramp ships at anchor to private docks. Such vessels are
much needed in the Puget Sound district and at some points on the
Great Lakes.
Appropriations for secret-service work should be liberally increased.
LESLIE M.

SHAW,

Secretary.
To the S P E A K E R OF THE H O U S E OF REPRESENTATIVES.




TABLES ACCOMPANYmG THE REPORT ON THE FINANCES.

FI 1903

4




49




TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT OF THE UNITED STATES J U N E 30,
Length of
loan.
OLD DEBT.
For detailed information in regard to the earlier loans embraced under
this head, see Finance Report for 1876.
TREASURY NOTES PRIOR TO 1846.
Acts of October 12,1837 (5 Statutes, 201); May 21, 1838 (5 Statutes, 228);
March 2,1839 (5 Statutes, 823); March 31, 1840 (5 Statutes, 370); February 15,1841 (5 Statutes, 411); January 31,1842 (5 Statutes, 469); August 31,1842 (5 Statutes, 581), and March 3, 1843 (5 Statutes, 614).
TREASURY NOTES OF 1846.
Act of July 22, 1846 (9 Statutes, 39)
MEXICAN INDEMNITY.
Act of August 10, 1846 (9 Statutes, 94)
TREASURY NOTES OF 1847.
Act of January 28, 1847 (9 Statutes, 118)
TREASURY NOTES OF 1857.
Actof December 23, 1857 (11 Statutes, 257)
BOUNTY-LAND SCRIP.
Act of February 11, 1847 (9 Statutes, 125)
LOAN OF 1847.
Act of January 28, 1847 (9 Statutes, 118)
TEXAN INDEMNITY STOCK.
Act of September 9, 1850 (9 Statutes, 447)
LOAN OF 1858.
Act of June 14,1858 (11 Statutes, 365)
LOAN OF FEBRUARY, 1861 (1881s).
Act of February 8, 1861 (12 Statutes, 129)
TREASURY NOTES OF 1861.
Actof March 2, 1861 (12 Statutes, 178)
OREGON WAR DEBT.
Act of March 2,1861 (12 Statutes, 198)
a Included in old "debt."




When redeem- Rate of in- atPrice
which
able.
terest.
sold.

O n d e m a n d . . . 5 and 6 per
cent.
1 and 2 years 1 and 2 years
from date.

iV of 1 to 6
per cent.

Amount
authorized.

1903.

Amountissued.

Amount out• standing.

$151,635.26

Indefinite .

Par.

851,000,000.00

$47,002,900.00

(a)

GO
O

1 year

1 year from
date.

xV of 1 to 5 | P a r .
per cent.

10,000,000.00

7,687,800.00

5 years

5 years from
date.

5 per cent.

Par.

320,000.00

303,573.92

(a)

23,000,000.00 &26,122,100.00

(a)

Indefinite

52,778,900.00

(a)

Indefinite

233,075.00

H

(a)

(a)

1 and 2 years 1 and 2 years 5 | and 6 per
cent.
from date.
1 year

1 year
date.

from

3 to 6 per
cent.

Par.
Par.

Indefinite .. At the pleas- 6 per c e n t . . . P a r .
ure of the
Government.
Jan. 1,1868.... 6 p e r c e n t . . . l i to 2
20 years
per ct.
pre.
Par
J a n . l , 1865... 5 p e r c e n t . . .
14 years
15 years

J a n . l , 1874...

10 or 20 years Dec. 31,1880..
60 days or 2
years.

23,000,000.00 c 28,230,350.00

w
o
W

950.00

10,000,000.00

5,000,000 00

20,000.00

pre.
5 per c e n t . . . Av. 3^%
of

20,000,000.00

20,000,000.00

2,000.00

6 p e r c e n t . . . (Av.)89.03

25,000,000.00

18,415,000.00

cc

5,000.00

60 days or 2 6 p e r c e n t . . . Par to Indefinite
35,364,450.00
WzrPer
years after
ct. pre.
date.
July 1,1881 . . . 6 per c e n t . . . Par
2,800,000 00 \ 1,090,850.00
20 years
c Including conversion of Treasury notes.
b Including reissues.

2,400.00
2,400.00
Cr^

TABLE A.—STATEMENT OP THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued.
Length of
loan.

"WTtien redeemable.

Rate of interest.

After June 30,
1881.

Price
at which
sold.

6per c e n t . . .

Amount
authorized.

Amountissued.

Amount outstanding.

LOAN OF JULY AND AUGUST, 1861.
The act of July 'l7, 1861 (12 Statutes, 259), authorized the issue of 20 years.
$250,000,000 bonds, with interest at not exceeding 7 per centum per
annum, redeemable after twenty years. The act of August 5, 1861
(12 Statutes, 316), authorized the issue of bonds, with interest a t 6 per
centum per annum, payable after twenty years from date, in exchange for 7-30 notes issued under the act of July 17, 1861.
LOAN OF JULY AND AUGUST, 1861..
Continued at 3i per cent interest, and redeemable at the pleasure of the
Government.
OLD DEMAND NOTES.
Acts of July 17, 1861 (12 Statutes, 259); August 5, 1861 (12 Statutes, 313);
February 12, 1862 (12 Statutes, 338).
SEVEN-THIRTIES OF 1861.
Act of July 17, 1861 (12 Statutes, 259)
FIVE-TWENTIES OF 1862?
Acts of February 25, 1862 (12 Statutes, 345); March 3, 1864 (13 Statutes,
13), and January 28, 1865 (13 Statutes, 425). .
LEGAL-TENDER NOTES.
The act of February 25, 1862 (12 Statutes, 345), authorized the issue of
$150,000,000 United States notes, not bearing interest, payable to
. bearer at the Treasury of the United States, and of such denominations, not less than five dollars, as the Secretary of the Treasury
might deem expedient, $50,000,000 to be applied to the redemption
of demand notes authorized by the act of July 17, 1861; these notes
to be a legal tender in payment of all debts, public and private,
within the United States, except duties on imports and interest on
the public debt, and to be exchangeable for 6 per cent United
States bonds. The act of July 11, 1862 (12 Statutes, 532), authorized
an additional issue of $150,000,000, of such denominations as the Secretary of the Treasury might deem expedient, but no such note
should be for a fractional part of a dollar, and not more than
$35,000,000 of a lower denomination than five dollars; these notes to
be a legal tender as before authorized. The act of March 3, 1863
(12 Statutes, 710), authorized an additional issue.of $150,000,000, of
such denominations, not less than one dollar, as the Secretary of the
Treasury might prescribe; which notes were made a legal tender
Digitized as before authorized. The same act limited the time in which the
for FRASER



Indefinite .

At the pleas- 3i per centure of the
Government.

Indefinite . . O n d e m a n d . . . N o n e .

J years.

Aug. 19 and
Oct. 1, 1864.

Par.

None -

$15,050.00

1,600.00
60,000,000.00 a 60,030,000.00

7y% per cent. Av. pre. Indefinite .
of iv%%

5 or 20 years. May 1, 1867 . . . 6 per cent.
Indefinite .. On. demand.

$250,000,000.00 $189,321,350.00

Av. pre. 515,000,000.00
of tW^.
450,000,000.00

53,847.50

139,999,750.00

9,400.00

514,771,600.00

o
H
O
W

214,550.00

346,681,016.00

\>
i^
o
\^
w

Treasury notes might be exchanged for United States bonds to July
1, 1863. The amount of notes authorized 'by this act were to be in
lieu of $100,000,000 authorized by the resolution of January 17, 1863
(12 Statutes, 822). The act of May 31, 1878 (20 Statutes, 87), provides
that no more of the United States legal-tender notes shall be canceled or retired, and that when any of said notes are redeemed or
received into the Treasury under any law, from any source whatever, and shall belong to the United States, they shall notbe retired,
canceled, or destroyed, but shall be reissued and paid out again, and
kept in circulation.
The act of March 14, 1900, provides that United States notes, when
presented to the Treasury for redemption, shall be redeemed in gold
cbin of the standard fixed in said act, and that in order to secure
the prompt and certain redemption of such notes it shall be the
duty of the Secretary of the Treasury to set apart in the Treasury a
reserve fund of one hundred and fifty million dollars in gold coin and
• bullion, to be used for such redemption purposes only, and that
whenever and as often as any of said notes shall be redeemed from
said fund it shall be the duty of the Secretary of the Treasury to
use said notes so redeemed to restore and maintain the reserve fund
so established—first, by exchanging the notes so redeemed for 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 Avith the provisions of section 3700 of the
Revised Statutes of the United States. The above-mentioned act
also provides that if the Secretary of the Treasury is unable to
restore and maintain the gold coin in the reserve fund by the foregoing methods, and the amount of such gold coin and bullion in
said fund shall at any time fall below one hundred million dollars,
it shall be his duty to restore the same to the maximum sum of one
hundred ahd fifty million dollars by borrowing money on the credit
of the United States, and for the debt so incurred to issue and sell
coupon or registered bonds of the United States bearing interest at
the rate of not exceeding three per centum per annum, payable
quarterly, the bonds to be payable at the pleasure of the United
States after one year from the date of their issue, and to be payable,
principal and interest, in gold coin of the present standard value,
the gold coin received from the sale of said bonds to be exchanged
for an equal amount of the notes redeemed and held for exchange,
and the Secretary of the Treasury may, in his discretion, use said
notes in exchange for gold, or to purchase or redeem any bonds of
the United States, or for any other lawful purpose the public interests may require, except that they shall not be used to meet defi• ciencies in the current revenues.
TEMPORARY LOAN.
Acts of February 25, 1862 (12 Statutes, 346); March 17, 1862 (12 Statutes, 370); July 11, 1862 (12 Statutes, 532), and J u n e 30, 1864 (13 Statutes, 218).




Q

H
O

w

n
w

a

fed

Indefinite .

After 10 days'
notice.

a Including reissues.

4, 5, and 6
per cent.

150,000,000.00 a 716,099,247.16

2,850.00

CO

or

TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued.
Length of
loan.

When redeem- Rate of in- at Price
which
terest.
able.
sold.

Amount
authorized.

Amountissued.

Amount outstanding.

CERTIFICATES OF INDEBTEDNESS.
Acts of March 1, 1862 (12 Statutes, 352); May 17, 1862 (12 Statutes, 370),
and March 3, 1863 (12 Statutes, 710).

lyear.,

1 year after
date.

6 per cent.,

$561,753,241.65

$3,000.00

$50,000,000.00 a368,720,079.51

6,871,240.63

75,000,000.00

3,100.00

No limit.

FRACTIONAL CURRENCY.
Acts of July 17, 1862 (12 Statutes, 592); March 3, 1863 (12 Statutes, 711),
and June 30, 1864 (13 Statutes, 220).

Indefinite.. On presentation.

None .

Par.

t-d
O

LOAN OF 1863.
Av. pre.
The act of March 3,1863(12 Statutes, 709), authorized a loan of $900,000,000, 17 years
6 per cent.
July 1,1881.
and the issue of bonds, with interest not exceeding 6 percentum per
of 4r%%\
annum, and redeemable in not less than ten nor more than forty
0
years, principal and interest payable in coin. The act of June 30,1864
(13 Statutes, 219), repeals the above authority, except as to the
$75,000,000 of bonds already advertised for.
Bonds of this loan continued at 3i per cent interest, and redeemable Indefinite . . At the pleas- 3^ p e r c e n t . . P a r .
at the pleasure of the Government.
ure of the
Government.
ONE-YEAR NOTES OF 1863.

400,000,000.00

44,520,000.00

30,965.00

2 years after
date.

5 per cent.,

Par.

400,000,000.00

166,480,000.00

26,850.00

3 years from
date.

6 per cent
compound,

400,000,000.00

266,695,440.00

162,090.00

10 or 40 years Mar. 1, 1874.

5per cent... Par to 7
perct.
prem.

200,000,000.00

196,118,300.00

19,350.00

5 or 20 years. Nov.l, 1869.

6 per cent... Av. pre. 400,000,000.00

125,561,300.00

2 years

Acts of March 3, 1863 (12 Statutes, 710), and June 30, 1864 (13 Statutes,
218).
TEN-FORTIES OF 1864.

3 years

Act of March 3, 1864 (13 Statutes, 13)

TWO-YEAR NOTES OF 1863.
Act of March 3, 1863 (12 Statutes, 710)
COMPOUND-INTEREST NOTES.

FIVE-TWENTIES OF 1864.
Act of June 30, 1864 (13-Statutes, 218)

100.00

Par.

1 year
date.

.'..

O

after 5per cent.,

lyear

Actof March 3, 1863 (12 Statutes, 710).....

75,000,000.00

r»f 9 521

SEVEN-THIRTIES OF 1864 AND 1865.
Acts of June 30, 1864 (13 Statutes, 218); January 28, 1865 (13 Statutes,
425), FRASER
Digitized for and March 3,1865 (13 Statutes, 468).



3 years...

fAug. 15, 1867
June 15, 1868 •7^ per cent. Av. pre. 800,000,000.00 a829,992,500.00
[July 15,1868
• oi2j%U

121,600.00

o

FIVE-TWENTIES OF 1865.
Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31).. 5or 20 years. Nov. 1, 1870.

6 per cent.

Av. pre. Indefinite . .
of3x».

203,327,250.00

20,850.00

6 per cent.

Av. pre. Indefinite .
..oflxVuV

332,998,950.00

73,900.00

6 per cent.

Av. pre. Indefinite . .

379,618,000.00

107,350.00

CONSOLS OF 1865.
Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31).. 5 or 20 years. July 1, 1870..
CONSOLS OF 1867.
Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31). . 5 or 20 years. •July 1, 1872-.
CONSOLS OF 1868.

Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (llStatutes, 31).. 5 or 20 years. July 1, 1873... :6 per cent... Av. pre. Indefinite
; ofxM^.
THREE-PER-CENT CERTIFICATES.

42,539,930.00

Acts of March 2,1867 (14 Statutes, 558), and July 25,1868 (15 Statutes, 183). . Indefinite .

85,155.000.00

Ondemand.

3 per cent... .Par.

75,000,000.00

CD

o
5,000.00

The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from time to time in the
Treasury not otherwise appropriated, and to issue, sell, dispose of, at
not less than par, in coin, either of the description of bonds of the
United States described in the act of July 14, 1870 (16 Statutes, 272),
to the extent necessary for the redemption of fractional currency in
silver coins of the denominations of ten, twenty-five, and fifty cents
of standard value.
The act of March 3, 1875 (18 Statutes, 466), directs the Secretary of the
Treasury to issue bonds of the character and description set out in
the act of July 14, 1870 (16 Statutes, 272), to James B. Eads, or his
legal representatives, in payment at par of the warrants of the Secretary of War for the construction of jetties and auxiliary works to
maintain a wide and deep channel between the South Pass of the
Mississippi River and the Gulf of Mexico, unless Congress shall have
previously provided for the payment of the same by the necessary
appropriation of money.
The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of ^10 years..
$200,000,000 at 5 per centum, principal and interest payable in coin
of the present standard value, at the pleasure of the United States
Government, after ten years; these bonds to be exempt from the
payment of all taxes or duties of the United States, as well as from
taxation in any form by or under State, municipal, or local authority.
Bonds and coupons payable at the Treasury of the United States.
This act not to authorize an increase of the bonded debt of the
United States. Bonds to be sold at not less than par in coin, and
the proceeds to be applied to the redemption of outstanding 5-20's
or to be exchanged for said 5-20's, par for par. Payment of these




fe

\>

FUNDED LOAN OF 1881.

Hi
o
fe
)J

W
fe

H

fed
fe
t>
CP

cl

fed

May 1, 1881.

a Including reissues.

5 per cent.

517,994,150.00

27,950.00

Ol
Ox

or

TABLF A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued.
Length of
loan.

When redeemable.

Rate of interest.

Price
at which
sold.

Amount
authorized.

Amountissued,

Amount outstanding.

FUNDED LOAN OF 1881—Continued.
bonds, when due, to be made in order of dates and numbers, beginning with each class last dated and numbered. Interest to cease at
the end of three months from notice of intention to redeem. The act
of January 20, 1871 (16 Statutes, 399), increases the amountof 5 per
. . cents to $500,000,000, provided the total amount of bonds issued shall
not exceed the amount originally authorized, and authorizes the
interest on any of these bonds to be paid quarterly.
The act of December 17, 1873 (18 Statutes, 1), authorized the issue of
an equal amount of bonds of the loan of 1858, which the holders
. thereof may, on or before February 1, 1874, elect to exchange for the
bonds of this loan.

fed
fe
o
fed

$1,500,000,000

H
O

FUNDED LOAN OF 1891. (REFUNDING.)
The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of
$300,000,000 at 4i per centum, payable in coin of the present standard value, at the pleasure of the United States Government, after
fifteen years; these bonds to be exempt from the payment of all
taxes or duties of the United States, as well as from taxation in any
form by or under State, municipal, or local authority. Bonds and
coupons payable at the Treasury of the United States. This act not
to authorize an increase of the bonded debt of the United States.
Bonds to bie sold at not less than par in coin, and the proceeds to be
applied to the redemption of outstanding 5-20's or to be exchanged
for said 5-20's, par for par. Payment of these bonds, when due, to
be made in order of dates and numbers, beginning with each class
last dated and numbered. Interest to cease at the end of three
months from notice of intention to redeem. ,
FUNDED LOAN OF 1891.

Sept. 1,1891.,

$185,000,000.00

4^ per c e n t . . P a r .

W
fe

$57,750.00

o
fe
CQ

(RESUMPi?ION.)

T h e a c t of January 14, 1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from time to time in the
Treasury not otherwise appropriated, and to issue, sell, dispose of,
at not less than par in coin, either of the descriptions of bonds of the
United States described in the act of July 14, 1870 (16 Statutes, 272),
for the purpose of redeeming, on and after January 1, 1879, in coin,
at the office of the assistant treasurer of the United States in New
York, the outstanding United States legal-tender notes when presented in sums of not less than fifty dollars.




15 years.

15 years.

Sept. 1,1891.., 4i per cent.. P a r t o
1^ per
ct.pre.

Indefinite .

65,000,000.00

FUNDED LOAN OF 1907.

(REFUNDING.)

The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of
$1,000,000,000 at 4 per centum, payable in coin of lhe present standard
value, at the pleasure of the United States Government, after thirty
years; these bonds to be exempt from the payment of all taxes or
duties of the United States, as well as from taxation in any form by
or under State, municipal, or local authority. Bonds and coupons
payable at tbe Treasury of the UnitedStates. This act not to authorize an increase of the bonded debt of the United States. Bonds
to be sold at not less than par in coin, and the proceeds to be applied
to the redemption of outstanding 5-20's, or to be exchanged for said
5-20's, par for par. Payment of these bonds, when due, to be made in
order of dates and numbers, beginning with each class last dated and
numbered. Interest to cease at the end of three months from notice
of intention to redeem. See Ref unding Certificates, page 59.

30 years.

July 1,1907..

4 per cent... P a r t o
i per
ct. pre.

710,417,500.00

•173,385,650.00
fe
o
fed
fe

FUNDED LOAN OF 1907. (RESUMPTION.)
The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from time to time in the
Treasury not otherwise appropriated, and to issue, sell, dispose of,
at not less than par, in coin, either of the description of bonds of
the United States described in the act of July 14, 1870 (16 Statutes,
272), for the purpose of redeeming, on and after January 1, 1879, in
coin, at the office of the assistant treasurer of the United States in
New York, the outstanding United States legal-tender notes when
presented in sums of not less than fifty dollars.

30 years.,

July 1,1907... 4 per cent .

Par.

Indefinite... , 30,500,000.00

fed
X
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fe

GOLD CERTIFICATES.
The act of March 3,1863 (12 Statutes, 711), authorizes the Secretary of Indefinite .
the Treasury to receive deposits of gold coin and bullion in sums of
not less than twenty dollars, and to issue certificates therefor in
denominations of not less than twenty dollars each; the coin and
bullion deposited for or representing the certificates to be retained
in the Treasury for the paj^ment of the same on demand. The certificates so issued tobe received at par in payment of interest on the
public debt and for duties on imports. The act of July 12, 1882 (22
Statutes, 165), provides that the Secretary of the Treasury shall suspend the issue of gold certificates whenever the amount of gold
coin and gold bullion in the Treasury reserved for the redemption of
United States notes falls below one hundred millions of dollars.




On demand .

None.

Par.

Indefinite

409,109,869.00

fed
fe

>
00
a

fed
X

or

or
oo

TABLE A.—STATEMENT OF T H E OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued.
Length of
loan.

When redeemable.

Rate of interest.

Price
at which
sold.

Amount
authorized.

Amountissued.

Amount outstanding.

GOLD CERTIFICATES—Continued.
The act of March 14, 1900, authorizes and directs the Secretary of the
Treasury to receive deposits of gold coin with the Treasurer or any
assistant treasurer of the United States, in sums of not less than
twenty dollars, and to issue gold certificates therefor in denominations of not less than twenty dollars, and the coin so deposited shall
be retained in the Treasury and held for the payment of such certificates on demand, and used for no other purpose; such certificates
to be received for customs, taxes, and all public dues, and when so
received may be reissued, and when held by any national banking
association may be counted as a part of its lawful reserve. The act
also provides that whenever and so long as the gold coin held in the
reserve fund in the Treasury for the redemption of United States
notes and Treasury notes shall fall and remain below one hundred
million dollars, the authority to issue certificates as herein provided
shall be suspended; and also, that whenever and so long as the aggregate amount of United States notes and silver certificates in the
general fund of the Treasury shall exceed sixty million dollars, the
Secretary of the Treasury may, in his discretion, suspend the issue
of the certificates herein provided for; and further, that the Secre^ tary of the Treasury may, in his discretion, issue such certificates in
denominations of ten thousand dollars, payable to order.
•

fed
fe
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O
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fe

SILVER CERTIFICATES.

The act of February 28,1878 (20 Statutes, 26, sec. 3), provides that any Indefinite .
holder of the coin authorized by this act may deposit the same with
the Treasurer or any assistant treasurer of the United States in sums
not less than ten dollars and receive therefor certificates of not less
than ten dollars each, corresponding with the denominations of the
United States notes. The coin deposited for or representing the certificates shall be retained in the Treasury for the payment of the
same on demand. Said certificates shall be receivable for customs,
taxes, and all public dues, and, when so received, may be reissued.
The actof August 4, 1886 (24 Statutes, 227), authorizes the issue of
silver certificates in denorainations of one, two, and five dollars; said
certificates to be receivable, redeemable, and payable in like manner and for like purposes as is provided for by the actof February 28,
1878.




Ondemand..

;None .

Par.

No limit.

$464 706,000.00

o
fe
w

The act of March 14, 1900, provides that it shall be the duty of the
Secretary of the Treasury, as fast as silver dollars are coined under
the provisions of the acts of July 14, 1890, and June 13, 1898, from
bullion purchased under the act of July 14,1890, to retire and cancel an equal amount of Treasury notes whenever received into the
Treasury, and upon the cancellation of Treasury notes, silver certificates shall be issued against the silver dollars so coined. The
act also provides that silver certificates shall be issued only of
denominations of ten dollars and under, except that not exceeding
in the aggregate ten per centum of the total volume of said certificates, in the discretion of the Secretary of the Treasury, may be
Issued in denominations of twenty dollars, fifty dollars, and one
hundred dollars; and silver certificates of higher denomination
than ten dollars,- except as therein provided, shall, whenever received at the Treasury or redeemed, be retired and canceled, and
certificates of denominations of ten dollars or less shall be substituted therefor, and after such substitution, in whole or in part, a
like volume of United States notes of less denomination than ten
dollars shall from time to time be retired and canceled, and notes
of denominations of ten dollars and upward shall be reissued in
substitution therefor, with like qualities and restrictions as those
retired and canceled.
. REFUNDING CERTIFICATES.
The act of February 26,1879 (20 Statutes, 321), authorizes the Secretary
of the Treasury to issue, in exchange for lawful money of the United
States, certificates of deposit of the denomination of ten dollars,
bearing-interest at the rate of four per centum per annum, and convertible at any time, with accrued interest, into the four per centum
bonds described in the refunding act, the money so received to be
applied only to the payment of the bonds bearing interest at a rate
not less than five per centum, in the mode prescribed by said act.
FUNDED LOAN OF 1881, CONTINUED AT THREE AND ONEHALF PER CENT.
These bonds were issued in exchange for five per cent bonds of the
funded loan of 1881, by mutual agreement between the Secretary of
the Treasury and the holders, and were made redeemable at the
pleasure of the Government.
FUNDED LOAN OF 1891, CONTINUED AT TWO PER CENT.
These bonds were issued in exchange for the four and one-half per
cent funded loan of 1891, by mutual agreement between the Secretary of the Treasury and the holders, and were made redeemable at
the pleasure of the Government.
LOAN OF JULY 12, 1882.
These bonds were issued in exchange for the five and six per cent
bonds which had been previously continued at three and one-half
per cent by mutual agreement between the Secretary of the Treasury and the holders, and were made redeemable at the pleasure of
the Government.




CD

fe
o
fed
fe .

^
Indefinite . Convertiblein- 4 percent.,
to 4 per cent
bonds.

Par

No limit

$40,012,750.0*0

30,600.00

fe
y^

.tt
fe'
H.
fed
fe

\>
I per cent.. Par

Indefinite .

At pleasure of
the Government.

Indefinite .

At pleasure of
the Government.

2 per cent.

Indefinite .

At pleasure of
the Government.

3per c e n t . . . Par . ..

Par

50.00

25,364,500.00

CD

d

90,200.00

200.00

Of
CO

o

TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, E T C . ^ C o n t i n u e d .
Length of
loan.
LOAN OF 1904.
The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from time to time in the
Treasury not otherwise appropriated, and to issue, sell, dispose of at
not less than par, in coin, either of the descriptions of bonds of the
United States described in the act of July 14, 1870 (16 Statutes, 272),
for the purpose of redeeming, on and after January 1, 1879, in coin,
at the office of the assistant treasurer of the United States in New
York, the outstanding United .States legal-tender notes when presented in sums of not less than fifty dollars.

10 years.

When redeemable.

Feb. 1,1904-.

Rate of in- at Price
which
terest.
sold.

Amount
authorized.

Amount outstanding.

$100,000,000.00

r 117.
5 per cent., t 117.

Amount issued.

$19,385.050.00

fed
fe
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O

LOAN OF 1925.
The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use anj'^ surplus revenues from time to time in the
Treasury not otherwise appropriated, and to issue, sell, dispose of at
not less than par, in coin, either of the descriptions of bonds of the
United States described in the act of July 14, 1870 (16 Statutes, 272),
for the purpose of redeeming, on and after January 1, 1879, in coin,
at the office of the assistant treasurer of the United States in New
York, the outstanding United States legal-tender notes, when presented in sums of not less than fifty dollars.
LOAN OF 1908-1918.
The act of June 13, 1898 (30 Statutes, 467, sec. 33), authorizes the Secretary of the Treasury to borrow on the credit of the United States,
from time to time, as the proceeds may.be required, to defray expenditures authorized on account of the war with Spain (such proceeds when received to be used only for the purpose of meeting
such expenditures), the sum of four hundred million dollars, or so
much thereof as may be necessary, and to prepare and issue therefor coupon or registered bonds of the United States in such form as
he may prescribe, and in denominations of twenty dollars or some
multiple of that sum, redeemable in coin at the pleasure of the
United States after ten years from the date of their issue, and payable twenty years from such date, and bearing interest payable quarterly, in coin, at the rate of three per centum per annum; the bonds
so issued to be exempt from all taxes or duties of the United States,
as well as from taxation in any form by or under State, municipal,
or local authority.




fed
30 years .

Feb.1,1925...

4 per cent... tfl04.4946
i l l . 166

162,315,400.00

118,489,900.00

o
W

fe
fe'

10 years . . .

After Aug. 1,
1908.

3 percent... Par.

$400,000,000.00

198,792,640.00

83,107,060.00

a
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CD

CONSOLS OF 1930.
The act of March 14,1900, section 11, authorizes the Secretary of the
Treasury to receive at the Treasury any of the outstanding bonds of
the United States of the five per cent loan of 1904, of the four per cent
funded loan of 1907, and of the three per cent loan of 1908-1918, and
to issue in exchange therefor an equal amountof coupon or registered
bonds of the United States, in such form as he may prescribe, in denominations of fifty dollars, or any multiple thereof, bearing interest
at the rate of two per centum per annum, payable quarterly, such
bonds to be payable at the pleasure of the United States after thirty
years from the date of their issue. The principal and interest of
said bonds to be payable in gold coin of the present standard value,
and to be exempt from the payment of all taxes or duties of the
United States, as well as from taxation in any form by or under State,
municipal, or local authority. The bonds to be issued at not less
than par and numbered consecutively in the order of their issue;
and when payment is made the last numbers issued shall be first
paid, and this order followed until all the bonds are paid. Interest
to cease three months after any call made by the Government to
redeem.

30 years

After Apr. 1,
1930.

2 p e r c e n t . . . P a r . . . . . 839,146,340.00

307,125,350.00

520,143,150.00

CD

fe
o

fed
fe

H

t>
fed

K!

TREASURY NOTES OF 1890.
The act of July 14, 1890 (26 Statutes, 289), directs the Secretary of the
Treasury to purchase, from time to time, silver bullion to the aggregate amount of four million five hundred thousand ounces, or so
much thereof as may be offered, in each month, at the market price
thereof, not exceeding one dollar for three hundred and seventy-one
and twenty-five hundredths grains of pure silver, and to issue in payment for such purchases of silver bullion Treasury notes of the United
States, to be prepared b y t h e Secretary of the Treasury, in such form
and of such denominations, not less than one dollar nor more than
one thousand dollars, as he may prescribe. That said notes shall be
redeemable on demand, in coin, at the Treasury of the United States,
or at the office of any assistant treasurer of the United States, and
when so redeemed may be reissued; but no greater or less amount of
such notes shall be outstanding at any time than the cost of the silver bullion and the standard silver dollars coined therefrom then
held in the Treasury, purchased by such notes; and such Treasurynotes shall be a legal tender in payment of all debts, public and private, except where otherwise expressly stipulated in the contract,
and shall be receivable for customs, taxes, and all public dues, and
when so received may be reissued; and such notes, when held by any
national banking association, may be counted as a part of its lawful
reserve. That upon demand of the holder of any of the Treasury
notes provided for, the Secretary of the Treasury shall redeem the
same in gold or silver coin, at his discretion, it being the established
policy of the United States to maintain the two metals on a parity
with each other upon the present legal ratio, or such ratio as may be
provided by law.




19,243,000.00

O
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m
fe
fe
CD

fed

«
.

a:>

TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued.
Length of
loan.

When redeemable.

Rate of interest.

Price
at which
sold.

Amount
authorized.

Amount issued.

fc©
Amount outstanding.

TREASURY NOTES OF 1890—Continued.
The actof November 1, 1893 (28 Stat., 4). repeals so much of the act of
July 14, 1890, as directs the Secretary of the Treasury to purchase
from time to time silver bullion to the aggregate amount of four
million five hundred thousand ounces, or so much thereof as may
be offered in each month, at the market price thereof, and to issue
in payment for such purchases Treasury notes of the United States.
The act of June 13, 1898 (30 Stat., 467), directs that all of the silver
bullion in the Treasury purchased in accordance with the provisions of the act of July 14, 1890, shall be coined into standard silver
dollars as rapidly as the public interests may require, to an amount
of not less than one and one-half millions of dollars in each month,
and that said dollars, when so coined, shall be used and applied in
the manner and for the purposes named in said act. The act of
March 14, 1900, provides that United States notes, and Treasury
notes issued under the act of July 14, 1890, when presented to the
Treasury for redemption, shall be redeemed in gold coin of the
standard fixed by said act, and requires that the Secretary of the
Treasury shall set apart in the Treasury a reserve fund of one hundred and fifty million dollars to be used for such redemption purposes only. It also provides that it shall be the duty of the Secretary of the Treasury, as fast as silver dollars are coined under the
provisions of the acts of July 14,1890, and June 13, 1898, from bullion
purchased under the act of July 14, 1890, to retire and cancel an
equal amount of Treasury notes whenever received into the Treasury, and upon such cancellation to issue silver certificates against
the silver dollars so coined.
•.

fed
fe
fe
o
fed

H

O
1^

H

W
fe
fe

fe
CO

NATIONAL-BANK NOTES (REDEMPTION ACCOUNT).
The act of July 14, 1890 (26 Stat., 289), provides that balances standing with the Treasurer of the United States to the respective credits
of national banks for deposits made to redeem the circulating notes
of such banks, and all deposits thereafter received for like purpose,
shall be covered into the Treasury as a miscellaneous receipt, and
the Treasurer of the United States shall redeem from the general
cash in the Treasury the circulating notes of said banks which may
come into his possession subject to redemption, * * * a n d t h e
balance remaining of the deposits so covered shall, at the close of
each month, be reported on the monthly public debt statement as
debt of the United States bearing no interest.




$40,053,308.50

2,202,464,781.89

63

SECEETAEY OF T H E TEEASUEY.

TABLE B,—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT OF
THE UNITED STATES ON THE 1ST OF JANUARY OF EACH Y E A R FROM 1791 TO
1843, INCLUSIVE, AND ON THE 1ST OF JULY OP EACH Y E A R FROM 1843 TO 1903,
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
77,227,924.66
1844
80,358,634.04
1845
78,427,404.77
1846
80,747,587.39
1847
83,762,172.07
1848
82,064,479.33
1849
79,228,529.12
1850
78,408,669.77
1851
82,976,294.35
1852 .
83,038,050.80
1853
80,712,632.25
1854
77,054,686.40
1855
86,427,120.88
1856
82,312,150.50
1857
75.723.270.66
1858
:
1859
69,218,398.64
65.196.317.97
I860
57,023,192.09
1861
1862
53,173,217.52
48,005,587.76
1863
1864
45,209,737.90
55,962,827.57
1865...
.. •
81,487,846.24
1866
99,833,660.15
1867
1868
127,334, 933.74
1869
123,491,965.16
103,466,633.83
1870
95,529,648.28
1871
1872
91,015,566.15
89,987,427.66
1873
1874...
93.546.676.98
1875
90,875,877.28
1876-."..'.... I.
90,269,777.77
1877
83,788,432.71
1878
81,054,059.99
1879
73,987,357.20
1880.
67,475,043.87
1881...
58.421.413.67
1882.
48,565,406.50
1883..
39,123,191. 68
1884
24,322, 235.18
1885
7,001,698.83
1886
4,760,082.08
1887
33,733.05
1888
37,513.05
1889
336,957.83
1890
3,308,124.07
1891
10,434,221.14
1892
3,573,343.82
1893
5,250,875.54
1894
13,594,480.73
1895
20,201,226.27
1896
1897
1898
1899
1900
1901
1902
1903

Amount.
$32,742,922.00
23,-461,652.50
15,925,303.01
15,550,202.97
38,826,534.77
47,044,862.23
63,061,858.69
63,452,773.55
68,304,796.02
66 199,341.71
59,803,117.70
42,242,222.42
:
35,586,956.56
31,932,537. 90
28,699,831.85
44,911,881.03
58,496,837.88
64,842,287.88
90,580,873.72
524,176,412.13
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
a 2,251 690 468 43
a2,232,284,531.95
a 2,180,395,067.15
a2,205,301,392.10
a2,-256,205,892.53
a 2,349,567,482.04
a2,120,415,370.63
a2,069,013,569.58
al, 918,312,994.03
al, 884,171,728.07
a 1,830,528,923.57
& 1,876,424,275.14
& 1,756,445,205.78
&1,688,229,591 63
& 1,705,992,320.58
& 1,640,673,340 23
& 1,585,821,048.73
& 1,560,472,784.61
& 1,628,840,151.63
& 1,598, 111, 156.13
& 1,668,757,127.68
& 1,698,676,661.25
& 1,778,434,491.40
& 1,811,435,708.90
& 1,798 066 921 90
& 1,984,766,107.92
& 2,101,445,225.67
& 2,094,481,966.89
c 2, 111, 654,973.89
c 2,162,639,009.89

a I n the amount here stated as the outstanding principal of the public debt are included the certificates of deposit outstanding on the 30th of June, issued under act of June 8, 1872, for which a like
amount in United States notes was on special deposit in the Treasury for their redemption and added
to the cash balance in the Treasury. These certificates, as a matter of accounts, are treated as a part
of the public debt, but being offset by notes held on deposit for their redemption, should properly be
deducted from the principal of the public debt in making comparison with former years.
b Exclusive of gold, silver, currency certificates, and Treasury notes of 1890 held in the Treasurer's
cash, and including bonds issued to the several Pacific railroads not yet redeemed.
c Exclusive of gold and silver certificates and Treasury notes of 189*0 held in the Treasurer's cash.




TABLE C.—ANALYSIS OF THE PRINCIPAL OF THE PUBLIC DEBT OF THE UNITED STATES E;ROM JULY 1, 1856, TO JULY 1, 1903.
Year.

"

k

$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

3^ percents.

4 percents.

4^ percents.

$57,926,116.57.
105,629,385.30
77,547,696.07
90,496,930.74
618,127.98
121,341,879.62
17,737,025.68
801,361.23
678,000.00
678,000.00
678,000.00
678,000.00
678,000.00

'
'
$460,461,050.00
32,082,600.00

98,850,000.00
741,522,000.00
739,347,800.00
739,347,800.00
739,349, 350.00
737,942, 200.00
737,951,700.00
737,960,450.00
737,967,500.00
737,975,850.00
714,315,450.00
676,214,990.00
602,297,360,00
559,659,920.00
559,664,830.00
559,672,600.00
559,677,390.00

OOOOOOOOOOOOOOOOOO




3 percents.

CO c:o G CO CO CO CO coo CO czooio^o^ CO m m m
•rfriimmmmmmmmmc<icoomoiOiOi
^lNo^c<^(Nc^^(N(N(N(NC^^(^^r^^
e cs e

(|1856—Julyl
1857
1858
1859
I860
1861
1862
1863
1864
1865
1865—August 31
1866—Julyl .
1867
1868
1869
1870
1871 .
:
'1872
1873.
1874
.:
1875
1876
1877
1878
1879
1880.
1881
1882
1883
1884
1885
1886
1887..
1888
1889
1890
1891
,
1892
1893
1894

2 percents.

5 percents.

6 percents.

$28,130,761.77
$3,632,000.00
3,498,000.00
24, 971,958.93
23,538,000.00
21,162,838.11
37,127,800.00
21,162,938.11
43,476, 300.00
21,164,538.11
33,022,200.00
57,358,673.95
30,483,000.00
154,313,225.01
30,483,000.00
431,444,813.83
842,882, 652.09
300.213.480.00
245,709,420.63 1,213,495,169.90
269,175,727. 65 1,281,736,439.33
201,982,665.01 1,195,546,041.02
198.533.435.01 1,543,452,080.02
221,586,185.01 1,878,303,984.50
221,588,300.00 1,874,347,222.39
221,588,300.00 1,765,317,422.39
274,236,450.00 1,613,897, 300.00
414,567,300.00 1,374,883,800.00
414,567,300.00 1,281,238,650.00
510,628,050.00 1,213,624,700.00
607,132,750.00 1,100,865,550.00
711,685,800.00
984,999,650.00
703,266,650.00
854,621,850.00
703,266,650.00
738,619,000.00
508,440,350.00
283,681,350.00
484,864,900.00
235,780,400.00
439,841,350.00
196,378,600.00

56,666,006.66

7 ^ percents.

Total interestbearing debt.

$31,762,761.77
28,460,958.93
44,700,838.11
58,290.738.11
64,640,838.11
90,380,873.95
$122,582,485.34
365,304,826.92
139,974,435.34
707,531,634.47
139,286,935.34
1,359,930,763.50
671,610,397.02
1,221,311,918.29
830,000,000.00 " 2,381,530,294.96
813,460,621.95 2,332 331,207.60
488,344,846.95
2,248,067,387.66
37,397,196.95 2,202,088,727.69
2,162,060,522.39
2,046,455, 722.39
1,934,696,750.00
1,814,794,100.00
1,710,483,950.00
1,738,930,750.00
1,722,676,300.00
1,710,685,450.00
1,711,888,500.00
1,794,735,650.00
1,797,643,700.00
1,723,993,100.00
1,639,567,750.00
1,463,810,400.00
1,338,229,150.00
1,226,563,850.00
1,196,150, 950.00
1,146,014,100.00
1,021,692,350.00
950,522,500.00
829,863, 990.00
725,313,110.00
610,629,120.00
586; 029,330.00
586,037,100.00
636,041,890.00

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1895.
18961897.
1898.
1899fe 1900.
^ 1901.
,_i 1902co 1903.
O
CO

19§,678,720.00
$307,125,350.00 128,843, 240.00
445,940, 750.00 99,621,420.00
97,515,660.00
445,940,750.00
83,107,060.00
520,143,150.00




500,837, 560.00
721, 999,390.00
722,000, 630.00
722,002, 970.00
722,005, 530.00
517,879, 220.00
419,724, 770.00
368,203, 580.00
291,906 150. 00

a 25,364, 500.00
a 25, 364, 500.00
a 25, 364, 500.00
a 25,364, 500.00
a 25, 364, 500.00
a 21,979,850.00

000,000.00
000,000.00
000,000.00
000, 000.00
000, 000.00
651,200.00
854,100.00
410,350.00
385,050.00

716,202,060.00
847, 363, 890.00
847,365,130.00
847,367,470.00
1,046,048, 750.00
1,023,478,860.00
987,141,040.00
931,070,340.00
914, 541,410.00

a Continued at 2 per cent.
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TABLE C.—ANALYSIS OF THE PRINCIPAL OF THE PUBLIC D E B T OF THE UNITED STATES, ETC.—Continued.

Debt on which
interest has
ceased.
1856—July 1...1857
1858
1859
1860
1861
1862
1863
1864
•
1865
, 1865—August 31
"1866—July 1....
1867
1868
1869
1870
1871
1872
:.
1873
1874
1875
1876
1877
1878
•
1879
1880
1881
1882
1883
1884
1885..
1886
1887
1888
1889
•..
-.
1890
1891
1892
1893




$209,776.13
238, 872.92
211, 042.92
206, 099.77
201, 449.77
199, 999.77
280, 195.21
473, 048.16
416, 335.86
771.20
1, 245,
1,503,020.09
935, 092.05
,615.01
1,840,
1,197 340.89
5,260,181.00
3,708,641.00
1,948,902.26
7,926,797.26
51,929,710.26
3,216,590.26
11,425,820.26
3,902,420.26
16,648,860.26
5,594,560.26
37,015,630.26
7,621,455.26
6,723,865.26
16,260,805.26
7,831,415.26
19,656,205.26
995.26
4,100,445.26
9,704,165.26
6,115,095.26
2,496,485.26
1,911,805.26
1,815,705.26
1,614,875.26
2,785,060.26
2,094,

Debt bearing no Outstanding prin- Cash in the Treas- Total debt less cash Annual interest
in Treasury.
charge.
interest.
cipal.
ury July 1.

591,390.00
411, 767,456.00
455, 437,271.21
458, 090,180.25
461, 616.311.51
439, 969,874.04
428, 218,101.20
408, 401,782.61
421, 131,510.55
430, 508,064.42
416, 565,680.06
430, 530.431.52
472, 069,332.94
509, 543,128.17
498, 182,411.69
465, 807,196.89
476, 764,031.84
455, 875,682.27
410, 835,741.78
388, 800,815.37
422, 721,954. 32
438, 241,788.77
538, 111,162.81
584, 308.868.31
663, 712,927.88
619, 344,468.52
629, 795, 077.37
739, 840.389.32
787, 287,446.97
825, Oil, 289.47
933, 852,766.35
1,000,648,939. 37
958, 854,525.87

$31, 72,537.90
28,699,831.85
44, 911.881.03
58,496,837.88
64, 842,287.88
90, 580.873.72
524, 176,412.13
1,119,772,138.63
1,815,784.370.57
2,680,647,869.74
2,844,649, 626.56
2,773,236,173.69
2,678,126,103.87
2,611,687,851.19
2,588,452.213.94
2,480,672,427.81
2,353,211,332.32
2,253,251,328,78
2,234,482,993.20
2,2.51,690,468.43
2,232,284.531.95
2,180,395,067.15
2,205,301,392.10
2,256,205,892.53
2,245,495.072.04
2,120,415,370.63
2,069,013.569.58
1,918,312,994.03
1,884,171,728.07
1,830-,528.923.57
1,863,964,873.14
.1,775,063,013.78
1,657,602,592.63
1,692,858.984.58
1,619,052,922.23
• 1,552,
1,545,140.204.73
S96,591.61
1,588,464,144.63
1,545.
,985,686.13

$21,006, 584.89
18,701 210.09
7,011 689.31
5,091,603. 69
4,877, 885.87
2,862! 212.92
18,863! 859.96
8,42i; 401.22
106,332. 093. 53
5,832;012.98
88,218, 055.13
137,200, 009.85
169,974, 892.18
130,834, 437.96
155,680, 340.85
149,502, 471.60
106,217, 263.65
103,470, 798.43
129,020, 932.45
147,541, 314.74
142,243, 361.82
119,469, 726.70
186,025, 960.73
256,823, 612.08
249,080, 167.01
201,088, 622.88
249,363, 415.35
243,289, 519.78
345,389, 902.92
391,985, 928.18
488,612,429.23
492,917, 173.34
482,433, 917.21
629,854, 089.85
643,113, 172.01
661,355, 834.20
694,083,
746,937,839.83
707,016, 681.03
210.38

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„709,4.52,277.04
2.674,815,856.76
2,756,431,57L43
2,636,036,163.84
2,508,151,211.69
2,480,853,413.23
2,432,771,873.09
2,331,169.956.21
2,246,994,068.67
2,149, 780,530.35
2,105,462,060.75
2,104, 149,153.69
2,090, 041,170.13
2,060, 925,340.45
2,019, 275,431.37
1,999, 382,280.45
1,996,414,905.03
1,919, 326,747.75
1,819, 650,154.23
1.675, 023,474.25
1,538, 781,825.15
1,438, 542,995.39
1,375, 352,443.91
1,282, 145,840.44
1,175, 168.675.42
1,063, 004.894.73
975, 939.750.22
890. 784,370.53
851; 912,751.78
84i; 526,463.60
969,475.75

$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
.14
128,459,
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
50
83,773,
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

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1894 .1.
1895 ...
1896 . .
1897 ...
1898 -..
1899 -..
1900 . .
1901 - .
1902 -..
1903 ...

1,851 240.26
1,721 590.26
1,636,890.26
1,346,880.26
1,262, 680.26
1,218, 300.26
1,176, 320. 26
1,415,620.26
1,280, 860.26
1,205,090.26

995,360,506.42
958,197,332.99
920,839, 543.14
655.64
. 968,960,
947,901,845.64
944,660, 256.66
1,112,305, 911.41
273.63
1,154, 770,
1,226,259,245. 63
1,286,718, 281.63

632,253,636.
676,120,983.
769,840,323.
817,672,665.
796,531,995.
991, 927, 306.
136,961,09L
143,326, 933.
158,610,445.
202,464,781.

732, 940,256.13
774,448,016. 51
814, 543,069. 70
831, 016,579.76
769,446,503.76
836, 607,071.73
1,029,249,833.78
1,098, 587,813.92
1,189,153,204.85
1,277, 453,144.58

899,313, 1.55
901, 672,966.74
955,297,253.70
986,656, 086.14
027,085,492.14
155,320, 235.19
107,711,257.89
044,739, 119.97
969,457,241.04
925,Oil, 637.31

25,394, 385.60
29,140, 792.40
34,387. 265.60
34,387; 315.20
34,387, 408.80
40,347, 872.80
33,545, 130.00
29,789, 153.40
27,542, 945.50
25,541, 573.30

NOTE 1.—Annual interest charge computed on amount of outstanding principal at close of fiscal year and is exclusive of interest charge on Pacific Railway bonds.
NOTE 2.—The figures for July 1, 1879, were made up assurning pending funding operations to have been completed.
NOTE 3.—The temporary loan per act of July 11, 1862, is included in the 4 per cents from 1862 to 1868, inclusive, with the exception of. the amount outstanding August
31,-1865, this being the date at which the public debt reached its highest point. This loan bore interest from 4 per cent to 6 per cent, and was redeemable on ten days''
notice after thirty days, but being constantly changing, it has been considered more equitable to include the whole amount outstanding as bearing 4 per cent interest on
a n average for the year.




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68

REPOKT

OK

THE

FINANCES.

T A B L E D.—STYVTEMENT OP T H E ISSUE AND R E D E M P T I O N OF L O A N S AND TREASURY
N O T E S ( B Y W A R R A N T S ) F O R T H E F I S C A L Y ' E A R E N D E D J U N E 30,
1903.

Issues.
Treasury notes, act of Mar. 2,1861
Five-twenties of 1862, act of Feb. 25,
1862
Legal-tender notes, acts of Feb. 25
and July 11,1862, Jan. 7 and Mar. 3,
1863, and Mar. 14,1900
Fractional currency, acts of July 17,
1862, Mar. 3, 1863, and June 30,1864..
Gold certificates, acts of Mar. 3,1863,
July 12,1882, and Mar. 14,1900
One-year notes of 1863, act of Mar. 3,
1863
Two-year notes of 1863, act of Mar. 3,
• 1863
•-.
Compound-interest notes, acts of Mar.
3,1863, and June 30,1864
Ten-forties of 1864, act of Mar. 3,1864..
Consols of 1865, act of Mar. 3,1865
Consols of 1867, act of Mar. 3,1865
Silver certificates, acts of Feb. 28,1878,
and Mar. 14,1900
Refunding certificates, act of Feb. 26,
1879
Funded loan of 1881, acts of July 14,
1870, Jan. 20, 1871, and Jan. 14,1875,
continued
National bank-note account, act of
Julyl4,1890
Treasury notes of 1890, acts of July 14,
1890, and Mar. 14,1900
.-Funded loan of 1891, acts of Julv 14,
1870, Jan. 21,1871, and Jan. 14,1875...
Funded loan of 1891, acts of July 14,
1870, Jan. 21,1871, and Jan. 14,1875,
continued at 2 per cent
Loan of 1904, acts of Jan. 14,1875, and
Mar. 14,1.900
Funded loan of 1907, acts of July 14,
1870, Jan. 20,1871, Jan. 14,1875, and
Mar.14,1900
Loan of 1908-1918, acts of Junel3,1898,
and Mar. 14,1900
Loan of 1925, act of Jan. 14,1875
Consols of 1930, act of Mar. 14,1900 . . . .
Total....

Redemptions.

Excess of
issues.

$50

$50

1,200

1,200

$109,GOO,000

109,600,000

168,430,000

105,902,220

2,083

2,083
$62,527,78(

250

250

50

273,008,000

50

520
500
50
2,750

520
500
50
2,750

262,299,000

10,709,000

1,380

1,380

500

500

26,272,086

2,001,161

10,757,000

10,757,000

7,400

7,400

62,500

62,500

25,300

25,300.

a 2,050
59,793,800

14,408, 600
16,504,300

14,408. 600
16,504,300
74,202,400

649,513,375

74,202,400

605,641,539

147,441,230

Excess of issues
Excessof redemptions.
Net excess of issues charged in re, ceipts and expenditures
a Issued in exchange for refunding certificates and interest due thereon.




Excess of
redemptions.

147,441,230
103,569,394
43,871,836

TABLE

E.—STATEMENT SHOWING THE PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING F U N D DURING EACH FISCAL Y E A R
FROM I T S I N S T I T U T I O N IN M A Y , 1869, TO AND INCLUDING JUNE 30, 1903.

Year ended-

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

;
,
JUNE 30, 1870.
of
of
of
of

1862
March, 1864
June, 1864
1865

,
'...

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

N e t cost i n
currency.

N e t cost
estimated i n
gold.

Interest d u e
a t close of fiscal y e a r .

Accrued
interest paid
i n coin.

B a l a n c e of
interest due at
close of
fiscal y e a r .

of
of
of
of

JUNE 30, 1871.
1862
:
,
March, 1864
June, 1864
1865

Total

$1,621,000.00
70,000.00
1,051,000.00
465,000.00
461,000.00
4,718,000.00
305,000.00

$253,822.84
11,725.00
161,946.45
74,969.00
73,736.80
749,208. 08
49,442.50

$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
9i150.00

$7,384.60
218.63
1,470.42
2,683.54
429.04
116,032.35
8,173.98

$8,825.40
481.37
9,039.58
1,966.46
13,400.96
25,507. 65
976. 02

8,691,000.00

1,374,850.67

10,065,850.67

7,261,437.30

196,590.00

136,392.56

60,197.44

3,542,050.00
85,000.00
3,971,400. 00
2,790,250.00
11,532,150.00
5,882,550.00
348,500.00

493,479.42
15,742.87
506,189.91
361, 735.43
1,454,778.37
861,763.73
53,363.95

4,035, 529.42
100,742.87
4,477,589.91
3,151,985.43
12,986,928.37
6,744,313.73
401,863.95

3,263,099.51
75,658.54
3,647, 628.29
2,606, 636.20
10,080,736.97
5, 309,800.90
308,573.16

160,919.50
5,350.00
165,834.00
105,257.50
495,421.50
302,734. 50
19,380.00

45,994.49
1,080.99
49,946.00
37,113.53
145,518.29
66,111.51
5,238.73

114,925.01
4,269.01
115,888.00
68,143.97
349,903.21
236,622.99
14,141.27

28,151,900.00

of
of
of
of

Total
Five-twenties
Five-twenties
Five-twenties
Five-twen ties
Consols, 1865
Consols, 1867
Consols, 1868

JUNE 30, 1869.
1862
March, 1864
June, 1864
1865
,

Principal rePremium paid.
deemed.

3,747,053.68

31,898,953. 68

25,893,143.57

1,254,897.00

351,003.54

903,8 1.46

227,607.56
2,277.20
340,509.63
574,923.00
850,949.79
541,559.41
4,784.61

3,020,557.56
31,777.20
4,307,879.63
7,343, 523.00
11,073,149.79
6,644,609.41
57,384.61

2,680,209.05
28,590.88
3,847,182.42
6,525,231.42
9,762,387.78
5,800,618.37
49, 797.81

145,975.00
1,240.00
201,375.00
331,933.50
522,117.00
351,528.00
3,096.00

36, 657.80
388.35
51,703.46
92,259. 58
109,455.28
76,745.93
572.13

109,317.20
851.65
149,671.54
239, 673.92
412,661.72
274,782.07
2,512.87

2,7.92,950. 00
29,500.00
3,967, 350.00
6,768,600.00
10,222,200.00
6,103,050.00
. 52,600.00
29,936,250.00

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
149,248.21
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

1,628,417.12

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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

>

1,189,481.97

6,417,850.00
127,100.00
3,604,650.00
3,635,200.00
11,788,900.00
6,958,900. ,00
85,850.00

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JUNE 30, 1872.
Five-twenties of
Five-twenties of
Five-twenties of
Five-twenties of
Consols, 1865
Consols, 1867
Consols, 1868

1862
March, 1864
June, 1864
1865

Total




^....

0:>

TABLE E.—STATEMENT SHOWING THE PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING F U N D , ETC.—Continued.

Principal redeemed.

Year ended—

P r e m i u m paid.

N e t cost i n
currency.

N e t cost
estimated i n
gold.

Interest due
a t close of fiscal year.

Accrued
i n t e r e s t paid^
in 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

$7,137,100.00
50,000.00
3,741,150.00
1,"959,850.00
10,768,250.00
4,402,100; 00
619,550.00

$7,089,542.58
49,780.91
3,715,211.22
1,943,488.93
10,668, 617.09
4,373,781.76
617,140.34

$431,450.50
3,600.00
223,270.50
120,266.50,
646,095.00
264,126.00
.
37,173.00

$101,960.57
813.70
42.216.46
23.744.47
145,069.34
69,632.51
8,948.40

$329,489.93
2,686.30
181,054.04
96, 522.03
501 025.66
• 194,493.49
28,224.60

28,678,000.00

3,671,258.17

32,349,258.17

28,457,562.83

1,725,881.50

392,385.45

1,333,496.05

1,421,700.00
2,020,550.00
1,247,250.00
3,393,650.00
4,051,000.00
802,300.00

161,219.79
218,457. 39
135,577.95
360,964.62
432,348.18
86,505. 62

1,582,919.79
2,239,007.39
1,382,827.95
3,754,614.62
4,483,348.18
888,805.62

1,415,391.05
2,012,05L32
1,241,571.69
3,374,934.42
4,029,975.86
798, 926.40

99,519.00
141,438.50
87,307.50
203,619.00
243,060.00
48,138.00

31,743.95
48,013.46
29,348.19
46,489. 33
55,976.97
11,014.38

67 775 05
93,425.04
57,959.31
157,129.67
187,083.03
37,123.62

12,936,450.00

1,395,073.55

14,331,523.55

12,872,850.74

823,082. 00

222,586.28

600,495.72

25,170,400.00

25,170,400.00

541,973.50

353,061.56

188,911.94

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

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

404,964. 72
760,872. 00
125,247. 50

54,745.72
171,966.33
30,805.86

350 218 28
588,905. 67
94,441.64

18,444,050.00

Total

$925,783.87 ' $8,062,883.87
57,372.50
7,372.50
4,221,834.37
480,684.37
250,635.93
2,210,485.93
12,139,437.17
1,371,187.17
4,955,710.89
553,610.89
81,983.44
701,533.44

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

• 4,352.25
9,943. 50
9,519.00
181.50
40.00

1,181.67
1,323.60
3,141.08
108.97
21.20

3,170.58
8,619.90
6,377.92
72.53
8.80

447,500.00

24,026.25

5,776.52

18,249.73

fe
fe
fe
o
fe

J U N E 30, 1874.
F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of J u n e , ±864
F i v e - t w e n ties of 1865
Consols, 1865 .
Consols, 1867
Consols, 1868 - -.
Total

..
•
-•

o

W
fe

fe
M

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

'.
J U N E 30, 1876.

F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s of 1865
Total

..:
J U N E 30, 1877.

F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s of 1865
Consols, 1865
Consols, 1867
Total




:

81,200.00
178,900.00
180,350.00
6,050.00
1,000.00
447,500.00

'
'

o
fe
QQ

JUNE ; , 1878
Five-twenties of 1862
Five-twenties of June, 1864
Five-twenties of 1865
Consols, 1865
Consols, 1867
Consols, 1868

-

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

73,950.00

73, 950.00

4,197.00

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

18,500.00

Total

17,900.00
15,900.00
2,350.00
23,600.00
5,700.00
8,500.00

18,500. 00

192.65
78.41
40. 92
273.35
134.76
89.83

773 35
755 59
88 08
1,142. 65
207 24
420.17

809.92

3,387.08

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

996. 75

308.77

687 98

4.00
4.00
14.50
28,168.75
85,110.00
1,165,807.50
484,747. 50
9,787.50
415,162.70
15,000.00

.67
.49
5.85
12,872.65
47,540. 20
518,148.79
213,179.29
3,602.56
130,349.36
10,191.74

3.33
3 51
8.65
15,296.10
37 569 80
647,658.61
271,568.21
6,124.94
284,813. 34
4,808.26

^

JUNE 30, 1879.
Five-twenties of 1862
Five-twenties of June, 1864...'
Five-twenties of 1865
Consols, 1865
Consols, 1867
Consols, 1868
Total
JUNE 30, 1880.
Five-twenties of 1862
Five-twenties of June, 1864
Five-twenties of 1865
Ten-forties of 1864
Loan of February, 1861
Loan of July and August, 1861
Loan of March, 1863
Oregon war debt
Funded loan of 1881
Funded loan of 1907

$74,161.95
1,376,085.04
549,035.18
8,273.02
662,206.97
125,558.26

100.00
100.00
250.00
676,050.00
2,911,161.95
33,440,335.04
13,346,185.18
210,823.02
24,237,656.97
1,625,558.26

73,652,900.00

Total

100.00
100.00
250.00
676,050. 00
2,837,000.00
32,064,250.00
12,797,150.00
202; 550.00
23,575,450.00
1,500,000.00

2,795,320.42

76,448,220.42

2,203,806.45

.935,951.60

• 1,267,854.85

51,277.58
488,876.11
199,514.62
1,408.65
320,171.82

3,000.00
50.00
.100.00
7,826,277.58
17,201,326.11
7,256,614. 62
55, 658. 65
43,089,571. 82

.210.00
3.50
7.00
462,390.00
1,002,747.00
361,315.50
2,584.50
1,106,474.15

80.22
.25
1.74
160,072.88
200,043.95
83,330.51
551.11
263,342.94

129.78
3.25
5 26
302,317.12
802,703.05
277,984. 99
2,033.39
843,130.21

1,061,248.78

75,432,598. 78

2,935,731.65

707,423.60

2,228,308.05

JUNE 30, 1881.
Five-twenties of 1862
Five-twenties of June, 1864
Five-twenties of 1865
Loan of February, 1861
Loan of July and August, 1861
Loan of Marcb, 1863
Oregon war debt
Funded loan of 1881
Total




3,000.00
50.00
100.00
7,775,000.00
16,712,450.00
7,057,100.00
54,250.00
42, 769,400.00 ,
74,371,350.00

QO

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TABLE E.—STATEMENT SHOWING T H E PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING F U N D ,

ETC.—Continued.

Accrued
interest paid
i n coin.

B a l a n c e of
interest due a t
close of
fiscal y e a r .

N e t cost
estimated i n
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, 224,450.00

$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
137,402.11

S.6S
1,578. 53
15,466.85
984,120.71
96,460.01

44,850,700.00

1,427,378. 90

329,761.48

1, 097,617.42

200. 00
5,200.00
422,550.00
566,250.00
• 33,221,450.00
12,553,950.00

200.00
5,200.00
422,550.00
566,250.00
33,221,450.00
12,553,950.00

9.50
187. 08
14,789.25
19,818.75
1,018,176.97
240,130.13

13.35
164. 24
2,823.94
7, 669. 86
276,923.93
31,884. 61

3.85
22.84
11,965.31
12,748.89
741,253. 04
208,245.52

46, 769,600.00

46,769, 600. 00

1,293,111.68

318,879.93

974,231.75

4,000.00
100.00
1,100.00
52,250.00
18,000.00
230,500.00
45,282,200.00

4,000.00
100.00
1,100. 00
52,250.00
18,000.00
230,500.00
45,282,200.00

85.00
4.00
36.67
1,269.62
499.62
5,347.70
1,153,460.88

701.96
.49
50.51
588.85
87.92
1,416.28
268,821.31

616. 96
3.51
13.84
680. 77
411.70
3,931.42
884,639.57

45,588,150.00

1,160,703,49

271,667.32

889,036.17

P r i n c i p a l redeemed.

Year ended—

N e t cost i n
currency.

Premium paid

J U N E 30, 1882.
L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3 i p e r c e n t
L o a n of M a r c h , 1863, c o n t i n u e d a t 3^ p e r c e n t
F u n d e d l o a n of 1881, c o n t i n u e d a t 33- p e r c e n t
F u n d e d l o a n of 1881
Total
J U N E 30, 1883.
F i v e - t w e n t i e s of 1862 .
F u n d e d l o a n of 1881
L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3^ 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 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
Total

*

44,850,700.00

.

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
Total

Total

. . .




.

.

45, 588,150.00

1
i

1
1

1

^;
H'
fe.

J U N E 30, 1885.
F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of 1864
F u n d e d l o a n of 1881
L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3^ p e r c e n t
L o a n of M a r c h 1863 c o n t i n u e d a t 3^ p e r c e n t
F u n d e d l o a n of 1881, c o n t i n u e d a t 3^ p e r c e n t . .
. .
L o a n of J u l y 12,1882
.
j

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o
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QD-

JUNE 30, 1886.
Oregon war debt
Loan of July and August, 1861
Loan of 1863
Five-twenties of 1862
Five-twenties of 1864
\
Five-twenties of 1865
Ten-forties of 1864
Consols of 1865
•
Consols of 1867
Consols of 1868
•
Funded loan of 1881
•Loan of 1882
Loan of 1863, continued at 3i per cent
Loan of July and August, 1861, continued at 3i per cent
Funded loan of 1881, continued at 3i per cent

100.00
2,500.00
1,100.00
67,500.00
4,300.00
300.00
14,250.00
15,900.00
26,950.00
12,250.00
49,800.00
44,044,800.00
4,100. 00
96, 750 00
190,750.00

1.50
53.25
31.50
1,425.00
85.25
6.00
356.25
419.25
662.25
203.25
826.50
435,942.00
123.00
2,848.50
4,704.13

18.00
99.00
33.00
14,399.00
31.14
2.02
278.80
842.29
2.070.75
570.04
868.55
220,617.44
31.32
1.560.76
1,065.34

16.50
45 75
1.50
12,974.00
54 11
3 98
77 45
423 04
1,408.50
366.79
42 05
215,324.57
91 68
1,287.74
3, 638.79

44,531,350.00

Total

100.00
* 2,500.00
1,100.00
67,500.00
4,300.00
300.00'
14,250. 00
15,900.00
26,950.00
12,250.00
49,800. 00
44,044,800.00
4,100.00
96,750.00
190,750. 00

44,531,350.00

447.687.64

242,487.45

205,200.19

47,748,750.00
1,300. 00
3,100.00
28,700.00
650.00
8,000.00
2,000.00
13,400.00
18,200.00
34,000.00
500.00
1,500.00
8,500.00
25, 600. 00

47,748, 750. 00
1,300.00
3,100. 00
28,700.00
650.00
8,000.00
2,000.00
13,400. 00
18,200.00
34,000.00
500. 00
1,500. 00
8, 500.00
25,600.00

1,375,653.00
84.17
110.83
1,722.00
45.50
560.00
120.00
804.00
1,092.00
2,040.00
30.00
52.50
297.50
926. 33

223,676.38
119.50
166.80
861.00
58.12
473.92
60.00
402.00
. 2,147.16
3,333.69
270.25
22.58
60.31
213.17

1,151,976.62
35.33
55 97
861. 00
12 62
86.08
60 00
402 00
1,055.16
1 ' 9 69
^3
240.25
29 92
237.19
713 16

47,894,200. 00

47,894,200.00

1,383,537.83

231,864.88

1,151, 672. 95

18,880,500.00
19,455,400. 00
5, 389,250.00

1,555,966.17
1,296,049. 71

18,880,500.00
21,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

43,725,150.00

2,852,015.88

46,577,165. 88

1, 658,170.00

233,577.10

1,424,592.00

1,150.00
500.00
57,900. 00
3,000.00
100.00
12,153,850.00
26,839,650.00

844,918.01
7,672,222.29

1,150. 00
500.00
57,900.00
3,000.00
100.00
12,998,768. 01
34,511,872.29

69.00
30.00
1,709. 25
105.00
3.50
480,076.12
1,Oil,368.00

39.00
15.00
354.94
20.42
.91
39,397. 68
180,452. 69

30. 00
15.00
1,354. 31
84.58
2 59
440,678.44
830,915.31

39,056,150.00

8,517,140. 30

47,573,290.30

1,493,360.87

220,280.64

JUNE 30, 1887.
. Loan of 1882
Ten-forties of 1864
Funded loan of 1881
Loan of July and August, 1861
Five-twenties of 1862
Five-twenties of 1865
Loan of February, 1861
Loan of 1863
Consols of 1865
Consols of 1867
Consols of 1868
Loan of July and August, 1861, continued at 3i per cent
Loan of 1863, continued at 3i per cent
Funded loan of 1881, continued at Sk per cent
Total...:

•
JUNE 30, 1888.

Loan of 1882
Funded loan of 1891
, Funded loan of 1907

,

Total

.'

/
JUNE 30, 1889.

Oregon war debt
Loan of July and August, 1861
",
Loan of 1882
Loan of July a n d August, 1861, continued at 3i per cent
Loan of 1863, continued at 3^ per cent
Funded loan of 1891
Funded loan of 1907
,
Total

'.




565,969.12
699,148. 57
159 475 21

1,273,080.23

02-

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TABLE E.—STATEMENT SHOWING THE PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING FUND,

Year ended—

•

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 1 8 9 1 . . " - . . . . . . ' : . .
:
F u n d e d l o a n o f 1907..'.'."..
'.

'.'.

J U N E 30, 1891.
L o a n of 1882'.'.
L o a n .of J u l y a n d A u g u s t , 1861
L o a n of 1863
F u n d e d l o a n of. 1891
F u n d e d l o a n of 1907

$4,050.00
1,000.00
3,000.00
12,136,750.00
27,695, 600.00

8,246,725.16

•,

Interest due
a t close of fiscal y e a r .

Accrued
interest paid
in coin.

Balanceof
intere.st d u e a t
cl6se of
fiscal y e a r .

$4,050.00
1,000.00
3,000.00
12,847,416. 79
35,231,658.37

N e t cost i n
currency.

$710,666.79
7,536,058.37

39,840,400.00

:

Total

$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

48,087,125.16

1,583,619. 93

226,381.53

1,357,238.40

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

N e t cost
estimated in
gold.

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

44,001,750.00

3,860,086.28

47,861,836.28

1", 720,975. 74

1,210,799. 92

510,175.82

50.00
10,000.00
10,650.00
50.00
350.00
500.00
15,700. 00
24,225,800.00
47,700.00

2.25
250.00
370.12
1.75
13.67
10. 79
218.00
4,085,419. 69
792. 38

1.42
250.00
93.30
.15
26.76
4.25
53.64
179,940.75
41.93

276. 82
1.60
lo.09
6.54
164.36
905,478.94
750.45

24,310,800.00

Total

24, 310; 800.00

1,087,076. 65

180,412.20

906,664.45

25.00
1,000.00
7,600.00
2,000.00
1,000.00
1,000.00
76,850.00
511,700.00

25.00
1,000.00
7,600.00
2,000.00
1,000.00
1,000.00
76,850.00
511,700.00

• .75
30.00
228.00
35.00
17.50
23.33
2,653. 75
16,580.99

.75
90.00
2,358.00
24.74
8.10
.86
377.80
5,977.72

60.00
2,130 00
10.26
9.40
22.47
2,275.95
10,603.27

601,175.00

601,175. 00

19,569. 32

8,837.97

10,731.35

J U N E 30, 1892.
: . : .*
•

War-bounty scrip
. :
.. •
50. 00
10,000.00
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 . : —
10,650.00
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 - ----50.00
F u n d e d l o a n of 1881
-.:-:
:
350.00
F u n d e d l o a n of 1881, c o n t i n u e d a t 3i' p e r c e n t
500. 00
L o a n of 1882
15,700.00
F u n d e d l o a n of 1891
..
24,225,800.00
F u n d e d l o a n of 1891, c o n t i n u e d a t 2 p e r c e n t . . : . . :
47,700.00
Total
J U N E 30, 1893.
W a r - b o u n t y scrip
i........ii.....
L o a n of F e b r u a r y , 1861
'.
i......
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 i p e r c e n t
- F u n d e d l o a n of 1881, c o n t i n u e d a t 3^ p e r c e n t
L o a n of 1882
'
F u n d e d l o a n of 1891
Total

P r e m i u m paid.

ETC.—Continued.

:




•
.

•

.83

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Loan of
Loan of
Funded
Funded
Loan of
Funded

July
July
loan
loan
1882
loan

JUNE 30, 1894.
and August, 1861
and August, 1861, continued at 3^ per cent
of 1881
of 1881, continued at 3^ per cent

JUNE 30, 1895.
July and August, 1861
1863
loan of 1881
:
loan of 1881, continued at 3i per cent
1882
loan of 1891

Total

•
-

•

100.00
18,000.00
1,000.00
15,400.00
4,400.00
176,000.00

- 6.00
630.00
158.83
359.33
73.00
6,278.81

- 3.00
270. 99
151.51
134.75
22.29
1,721.51

3.00
359.01
6.82
224.58
50.71
4,557.30

214,900.00

7,505.47

2,304.05

5,201.42

325.50
90.00
163. 33
• 36.46
97.12
3,509.04

321.00
90.00
454.64
19.99
47.47
1,810. 73

291.31
16.47
49.65
1,698.31

119,550.00

4,221.45

2,743,83

1,477.62

50.00
500.00
500.00
3,200.00
2,000.00
3,200. 00
58,150.00

50.00
500.00
500.00
3,200.00
2,000.00
3,200.00
58,150.00

12.00
30.00
30.00
394.17
70.00
41.50
2,876.41

12.00
15.00
15.00
397.-43
. 35.00
22.10
1,159. 68

15.00
15.00
3.26
35.00
19.40
1,716.73

67,600.00

:

100.00
18,000.00
1,000.00
15,400.00
4,400.00
176,000.00
214,900.00

of 1891

Total.'.
Loan of
Loan of
Funded
Funded
Loan of
Funded

•

67, 600.00

3,454.08

1,656.21

2,400. 00
1,000.00
500.00
500.00
1,000.00
1,500.00
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
1.37
8.75
25.03
10.49
• 7,178.20

245,900.00

16,266.91

9,894.58

6,372.33

11,000.00
2,650.00
100.00
21,350.00
100.00

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

300.00
59.30
.58
202 31
3.14

35,200.00

35,200.00

2, 738.09

2,172. 76

565.33

7,400.00
3,000.00
3,100.00
2,500. 00
7,350.00
96,200.00

7,400.00
3,000.00
3,100.00
2,500.00
• 7,350.00
96,200.00
119,550.00

4.50

JUNE 30, 1896.
Oregon war debt
Loan of July and August, 1861
Loan of 1863 . •
- - -•
Funded loan of 1881. -:
:... .
Loan of July and August, 1861, continued at 3^ per cent
Loan of 1882
Funded loan of 1891
1
Total

.
:
JUNE 30, 1897.'

...;.--....--

Loan of July and August, 1861
Five-twenties of 1862
'
Loan of 1863
Funded loan of 1881
Funded loan of 1881, continued at 3^ per cent...'
Loan of July and August, 1861, continued &t'3^ per cent
Loan of July 12, 1882
Funded loan of 1891
,
-------Total

245,900.00

•

1,797.87
6.00
33.26
15.00
15.30
14.58
18.72
21.51
6, 247. 96

JUNE 30, 1898.
•'

Loan of
Funded
Funded
Funded
Loan of

July
loan
loan
loan
July

Total:

and August, 1861
of 1881
of 1881, continued at 3i per cent
of 1891
12, 1882 J




,
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TABLE E.—STATEMENT SHOWING THE PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING FUND,

Principal redeemed.

. Year ended—

ETC.—Continued.

Accrued
interest paid
in coin.

B a l a n c e of
interest due a t
close of
fiscal year.

$2,277.00
30.00
187. 92
20.42
139.50
1,172.80

$2,277.00
15. 00
153.60
2.49
25. 56
700.21

$15.00
34.32
17.93
113.94
472.59

27,050.00

N e t cost
in currency.

Interest due
a t close of fiscal year.

$2,300.00
500.00
1,100.00
500.00
5,100.00
17,550.00

P r e m i u m paid.

3,827. 64

3,173.86

653.78

6.00
30.00
6.25
635.06
7,543.59
429,074.50
166,343.33

3.39
15.00
4.20
342. 02
. 3,934.61
83,078.64
14,636.72

2.61
15.00
2.05
293.04
3,608.98
345,995.86
151,706.61

o

603,638.73

102,014.58

501,624.15

fe:-

N e t cost
estimated in
gold.

J U N E 30, 1899.
L o a n of J u l y
L o a n of 1863
F u n d e d loan
F u n d e d loan
L o a n of J u l y
Funded loan

$2.300.00
500.00
1,100.00
500.00
5,100.00
17,550.00

a n d A u g u s t 1861
:
of 1881
of 1881 c o n t i n u e d a t Sh p e r c e n t
12, 1882 . . .
.
of 1891

Total

0

27,050.00
J U N E 30, 1900.

y ^

100.00
500.00
300.00
36,600.00
3,384,650.00
14,310,350.00
4,990,300. 00

Total
J U N E 30, 1901.

'

L o a n of J u l y a n d A u g u s t , 1861
L o a n of 1863
L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3^ p e r c e n t
F u n d e d l o a n of 1 8 9 1 . . . .
F u n d e d l o a n of 1891, c o n t i n u e d a t 2 p e r c e n t
F u n d e d l o a n of 1907
L o a n of 1904
L o a n of 1908-1918




-

$1,824,569. 40
548,933. 00

100.00
500.00
300.00
36,600.003,384,650.00
16,134,919.40
5,539,233.00

22,722,800. 00

W a r b o u n t y scrip
L o a n of J u l y a n d A u g u s t , 1861
F u n d e d loan, of 1881
F u n d e d l o a n of 1891 . - .F u n d e d l o a n of 1891, c o n t i n u e d a t 2 p e r c e n t
F u n d e d l o a n of 1907
L o a n of 1904

Total

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2,373,502.40

25,096,302.40

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•
14,000.00
3,000. 00
500.00
• 5,850. 00
21,705,250.00
12,983,700.00
1,084,300.00
291,520.00
36,088,120:00

150.00

1,724,47L33
91,816.68
24,832.76

14,000. 00
3,000.00
500.00
5,850. 00
21,705,250.00
14,708,171.33
1,176,116.68
316,352.76

2, 670.00
90.00
17.50
446.62
421,125.92
-129,876.00
9,035.83
1,457.60

2,520.00
90.00
" 7.53
348.13
87,429.18
50,859. 46
5,309.78
1,118.71

9.97
98.49
333,696.74
79,016.54
3,726.05
338.89

1,841,120.77

37,929,240. 77

564,719.47

147,682. 79

417,036.68

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CP

J U N E 30, 1902.
Oregon war d e b t . L o a n of 1 8 6 3 . . .
F u n d e d l o a n of 1881, c o n t i n u e d a t 31 p e r c e n t . .
F u n d e d l o a n of 1891 F u n d e d l o a n of 1891, c o n t i n u e d a t 2 p e r c e n t E ' u n d e d l o a n of 1907
-.
L o a n of 1904
L o a n of 1908-1918
L o a n of 1925

/

96.00
60.00
3.21
232.12
1,565.49
748,512.00
92,242.70
55,666.80
837,179.33

96.00
30.00
.50
71.08
516.72
148,542. 39
13,105.85
5,902.20
128,269.75

30. 00
2.71
161.04
1,048. 77
599,969. 61
79,136.85
49,764.60
708,909.58

14,043,391.14

70,242,971.14

1,735,557. 65

296,534.49

1,439,023.16

500.00
6,400. 00
.63,500.00
25,300.00
16,504,300. 00

1,022.51
6,201,025.41

500.00
6,400. 00
63,500.00
26,322.51
22,705, 325.41

1L67
137.64
.805.83
1,159.58
605,157.66

2.49
39.62
271.39
242.49
141,204:58

9.18
98.02
534.44
917.09
463,953.08

16,600,000.00

Total

2,958,620.95
175,680.25
173,880.64
10,735,209.30

100.00
1,000. 00
100. 00
6,250.00
120,900.00
27,159,620.95
2,619,430.25
2,279,160. 64
38,056,409.30

6,202,047. 92

22,802,047.92

607,272.38

141,760.57

465,511.81

946,759,975.00

68,458,516.66

992,968,181.44

33,019,586. 75

8, 958,836. 29

24,060,750.46

100.00
1,000.00
100.00
« 6,250.00
120,900.00
24,201,000.00
2,443,750.00
2,105,280.00
27,321,200.00
'

56,199,580.00

J U N E 30, 1903.
Funded
Funded
Funded
L o a n of
L o a n of

CO

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 1891
l o a n of 1891, c o n t i n u e d a t 2 p e r c e n t
1904
1925

Total
Grand total

1, 1902

J u n e 30,1903

157,677,967.61

TABLE F . — S I N K I N G F U N D ACCOUNT FOR FISCAL YEAR 1903.-

DRO

July

.

T o b a l a n c e from l a s t y e a r
. .
$328,912,717. 20
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
11,780,313.57
J u n e 30, 1902, less c o i n 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 d e b t , viz,
$1,178,031,356.89.
44,229,725.20
T o i n t e r e s t o n r e d e m p t i o n s p r i o r to fiscal y e a r 1 9 0 3 . . .
607,531.46
T o i n t e r e s t o n $16,603,043, 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 1903.




385,530,287.43

J u n e 30,1903

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 1903
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 in 1 9 0 3 . . .
By accrued interest thereon
By n a t i o n a l - b a n k notes r e d e e m e d
By p r e m i u m 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 b a l a n c e
:

CR.

$16,600,000.00
141,760.57
3,043.00
203.53
2,001,161.00
6,202,047.92
4, 705,071. 90
355,876, 999.51
385,530,287.43

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78

REPORT ON T H E

FINANCES

TABLE G.—POPULATION, N E T REVENUE, AND N E T EXPENDITURES OF THE GOVERNMENT FROM 1837 TO 1903, AND P E R CAPITA OF THE REVENUES AND P E R CAPITA
OF EXPENDITURES.

Population,

Year.

655,000
,112,000
,584,000
,069,453
,591,000
,132,000
,694,000
,276,000
,878,000
,500,000
,1.43,000
,805,000
,489,000
,191,876
,995,000
,802,000
, 615,000
,433,000
,256,000
,083,000
,916,000
, 753,000
,596,000
.443,321
.064,000
704,000
365,000
046,000
748.000
469,000
211,000
973,000
756,000
558,371
555,000
596,000
677,000
796,000
951,OOb
137, 000
353,000
598,000
866,000
155,783
316,000
495,000
693,000
911,000
148,000
404,000
680,000
974,000
289,000
622,250
947,000
191,000
456,000
740,000
043,000
365,000
704,000
060.000
433,000
295,220
754.000
117.000
847,000

1837
.---.
1838
1839
--.
1840
1841
1842
1843 (six months)
1844..--..
1845
.-1846
1847
1848
1849....
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864
1865
1866.:
1867
1868
1869
1870
1871
1872..-1873
1874.
1875
1876
1877
•--1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
,
1896
1897
,
1898
1899
1900
1901
1902
1903
aThis
b This
cThis
rfThis

includes
includes
includes
includes

Net revenue.

$24,954,153.00
26,302,562.00
31,482,750.00
19.480.115.00
16,860,160.00
19.976.197.00
8,302,702.00
29,321,374.00
29,970,106.00
29,699,968.00
26.495,769.00
35,-735.779.00
31,208,143.00
43,603,439.00
52,559,304.00
49,846,816.00
61,587,054.00
73,800,.341.00
65,350,575.00
74,056,099.00
68,965,313.00
46,655,366.00
53,486,466.00
56,064,608.00
41,509,930.00
51,987,455. 00
112,697,291.00
264,626,772.00
333,714,605.00
558,032,620.00
490,634,010.00
405.038,083.00
370,943,747.00
411,255,478.00
383,323,945.00
374,106,868.00
333,738,205.00
304,978,755.00
288,000,051.00
294,095,865.00
281,406. 419. 00
257,763; 879.00
273,827,184.00
333,526,611.00
360,782. 293.00
403,525: 250.00
398,287: 582.00
348,519;870.00
323,690. 706.00
336,439: 727.00
371,403,277.00
379.266,075.00
387,050,059.00
403.080,982.00
392,612,447.31
354.937.784.24
385.819,628.78
297,722,019.25
313,390,075.11
326.976,200.38
347,721 705.16
405,321,335.20
515,960,620.18
567,240,851.89
587.685.337.53
562.478,233.21
560,396,674.40

Per capita on
revehue.
$1.59
L63
1.90
1.14
.96
LIO
.89
1.62
1.51
1.45
1.25
1.64
1.39
L88
2.19
2.01
2.40
2.79
2.40
2.64
2.38
L57
L75
1.78
1.29
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
7.11
6.93

Net expenses.

Per capita
on
expenditures.

$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, 111.00
58,044, 862.00
59,742, 668.00
69,571, 026.00
67,795, 708.00
74.185, 270.00
69,070. 977.00
63,130, 598.00
66,546, 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
a267,924, 801.00
& 299,288,978.00
c 318,040, 710.00
d 365,773, 905.35
345,023, 330.58
383,477. 954.49
367.525, 279.83356,195. 298.29
352,179, 446.08
365,774, 159.57
443,368, 582.80
605,072, 179.85
487.713, 791.71
509,967, 353.15
471,190, 857.64
506,099, 007.04

$8,270,842.46 of " p r e m i u m s o n p u r c h a s e of b o n d s . "
$17,292,362.65 of " p r e m i u m s o n p u r c h a s e of b o n d s . "
$20,304,224.06 of " p r e m i u m s o n p u r c h a s e of b o n d s . "
$10,401,220.61 of " p r e m i u m s o n p u r c h a s e of b o n d s . "

N O T E . — T h e n e t r e v e n u e a n d e x p e n s e s a n d p e r c a p i t a o n r e v e n u e s for 1891 w e r e e r r o n e o u s l y s t a t e d '
b y t h e R e g i s t e r of t h e T r e a s u r y i n h i s r e p o r t s for 1891,1892, a n d 1893. (See F i n a n c e R e p o r t s for t h o s e
y e a r s , p p . 845, 767, a n d 906.)




79

SECEETAEY OF T H E TEEASDRY.

TABLE FI.—INTERNAL AND CUSTOMS REVENUE AND EXPENSES OF COLLECTING, FROM
1858 TO 1903.
Year ended
June 30—

1858
1859
1860
1861
1862
1863
1864
1865
1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1S93
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903

Customs revenue.

Internal revenue.
Revenue."

Dollar

(^0

Expenses of collecting.&

Dollars.

Per cent.

(f
r)

(f
r)
(f
r)
(f
r)
(f
r)

r)

hv
\ct
(cl'
Sl, 640,'181.%
109,741,134.10
209,461,215.25
309,226,813.42
266.027.537.43
191,087,589.41
158,356,460.86
184,899,756.49
143,098,153.63
130,642,177.72
113,729,314.14
102,409,784.90
110,007,493.58
116,700,732.03
118,630,407.83
110,581,624.74
113,561,610.58
124,009,373.92
135;264, 385.51
146,497,595.45
144,720,368.98
121.586,072.51
112,498,725.54
116,805,936.48
118,823,391. 22
124,296,871.98
130,'881,513.92
142,606,705.81
145.686.249.44
153,971,072.57
161,027,623.93
147,111,232.81
143,421,672.02
146,762,864.74
146, 688,574.29
170,900,641.49
273,437,161.51
295.327.926.76
307.180.663.77
271,880,122.10
230,810,124.17

(f
r)
108,685. 00
253,372.99
385,239. 52
5,783,128.77
7,335,029.81
8,705,366.36
7,257,176.11
7,253,439.81
7,593,714.17
5,694,116.86
5,340,230.00
4,509, 976.05
4,289,442.71
3,942,613.72
3,556,943.85
3,280,162.22
3,527,956.56
3,657,105.10
4,327,793.24
4,097,241.34
4,424,707.39
4,216,847.26
3,853,035. 94
3,578,679.42
3,826,507.98
3,626,038.91
3,770,388.72
3,780,950.41
4,003.485.65
3,879,082.31
4,144,927.02
3,743,029.22
3,754,935.45
3,846,887.55
3,606,798.85
3,705,256.95
4,350,543.05
4,446,318.98
4,404,986.68
4,360,144.97
4,496,479.28

.29
.23
.18
1.87
2.77
4.55
4.59
3.92
5.30
4.36
4.69
4.40
2.99
2.96
3.10
2.95
3.20
2.80
3.06
3.47
3.42
3.06
3.22
2.92
2.88
2.65
2.75
2.52
2.57
2.55
2.62
2.62
2.46
2.17
L59

L51
L43
1.60
L94

Revenue.^
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
254,444.708.19
284.479,58L81

Expenses of collecting, c
Dollars.
Per cent.
2,903,336.89
6.94
3,407,931.77
6.85
3,337,188.15
6.27
2,843,455.84
7.18
3.276.560.39
6.67
3,181,026.17
4.60
4,192,582.43
4.09
5,415,449. 32
6.39
5,342,469. 99
2.98
5,763,979.01
3.26
7,641,116.68
4.65
5.388.082.31
2.99
6,233,747.68
3.20
6,568,350.61
3.18
6,950,173.88
3.21
7,077,864.70
3.76
7,321,469.94
4.49
7,028,521.80
4.47
6, 704,858.09
4.53
6,501,037. 57
4.96
5,826,974.32
4.47
5,477,421.52
3.96
6,023,253.53
3.23
6.383,288.10
3.22
6,506, 359.26
2.95
6,593,509.43
3.07
6,709,485.76
3.44
6,494,847.29
3.58
6,427, 612.67
3.33
6,855,801.74
3.16
7,156,187.77
3.27
7,030,487.00
3.14
6,859,986.09
2.98
6,964,367.09
3.17
6,646,276.05
3.74
6,756,790.98
3.32
6,791,872.86.
5.15
6,736,690.92
4.43
4.52
7.237.796.40
4.01
7,075,372.05
4.78
7,152,276.58
3.57
7,361,562.83
3.06
7,467,692.48
3.23
7,713,418.82
3.13
7,967,472.89
2.98
8,468,710.19

a Based on warrants issued.
••
b The cost of collecting the internal revenue embraces the following items: Salaries and expenses of
collectors, including pay of deputy collectors, clerks, etc., and including expenses incident to enforcing the provisions of law taxing oleomargarine; salaries and expenses of revenue agents, surveyors of
distilleries, gaugers, storekeepers, and miscellaneous expenses; paper for internal-revenue stamps,
and expenses of detecting and punishing violations of internal-revenue laws.
cThe expenses of collecting the revenue from customs includes all sums drawn from the appropriation made by Congress for that purpose. The money is expended for salaries, rents, labor in weighing,
gauging, and measuring imported merchandise, revenue boatmen, repairs, and other expenses incident
to rented buildings, stationery, and the traveling expenses of special agents, but does not include
expenditures for revenue cutters.,fuel, lights, water, furniture, janitors, etc., for buildings owned by
the Government, nor expenditures for erecting new buildings, all of which are paid for from specific "
appropriations made for those purposes.
.
The expenses of collecting ipternal and customs revenue do not include the expenditures f(k
salaries, etc., incident to auditing these accounts in the Departments at Washington.
c No data.
?




T A B L E I.—STATEMENT SHOWING THE REVENUES AND EXPENDITURES OF THE GOVERNMENT BY MONTHS; THE LEGAL-TENDER NOTES, N E T GOLD,
AND AVAILABLE CASH IN THE TREASURY AT THE END OF EACH M O N T H ; THE MONTHLY REDEMPTION OF LEGAL-TENDER NOTES IN GOLD,
AND THE IMPORTS AND EXPORTS OF GOLD, PROM JANUARY, 1879, TO J U N E , 1903, INCLUSIVE.

Month.

1879—July
August
September
October
November
December
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
" 1881—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
1882—January
February
March




Expenditures, excluR e v e n u e s , [sive 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, a n d
premium.

Surplus
revenues.

$25,723,
26,883,
26,521,
27,171,
24,861,
24,628,
29,827,
27,809,
30,326,
30,103,
29,000,
27,621,

$45,029,627 a$19,305,859
1,379,409
25,504,087
3,326,623
23,194,771
7,186,366
19,984,917
940,978
23,920,051
8,274,369
16.354,599
1,674,930
28,152,650
7,763,827
20,045,821
17,006,255
13,320,440
11,770,186
18,333,183
14,617,876
14,382,225
6,309,564
21,311,525

333,526,611

264,847,637
.35,532,121
23,487,616
18,386,706
21,995,004
21,924,410
19.657,441
28;037,306
16,756,475
20,558,547
21,546,376
21,692,639
14,291,767

"1,011,108
9, 376,433
11,715,129
6,100,205
3, 688,557
8,349,280
1,017,707
10,783,096
8,935,761
9,261,403
10,189, Oil
15,973,439

360,782,293

259,651,639
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

"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

$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

$954,800
981,400
603,485
740,295
77.499
122, 359
71.500
72,080
43,020
16,000
51,000
47,200

19,024,124
20,444,849
17,263,613
13,793,993
11,124,937
8,761,818
10,551,616
14,566,601
14,773,198
14,672,086
16,062,305
18,554,092

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

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

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

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

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

I m p o r t s of
gold.

E x p o r t s of
gold.

271,750

$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

0,758,396

101,130,654

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

$23,541,466
36,222,606
18,933,254
17,327,567
16,388,454
12,570,494
11,614,562
15,054,093
15,760,081
17,489,280
18,183,020
18,785,559

68,678,974

521,013
864,049
101,835
095,209
612,967
006,721
055,013
539,571
494,308
807,779
881,650
265,206-

Available Legal-tender
Legal-tender
notes
Net gold
cash balance,
notes
redeemed
in Treasury.
including
in Treasury.
in gold.
n e t gold.

3,639,025

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
750,852
5,427,196
10,660, 641
8,295,490
3,059,202
2,728,173
1,134,040
468,825
839,566

oo
o

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
112,361
178,648
148,166
176,941
97,124
108,084
102,219
7,231,393.
3,228,840

fe
fe
fe
O

o

w

fe
fe
M

o
fe
GQ

April.
May ..
June..
Total for 12 months .

fe
^A
_
(X)
O
^^j*-*
I
C:>

July
August
September.
October
November.
December 1883—January...'
. February..
March......
April
May
June
Total for 12 months .
.

July
-.
August
September.
October . - NovemberDecember .
1884—January. -.
February..
March
.
April
May
June
Total for 12 months .
July
August
September.
October....
November.
December .
1885—J.anuary...
February..
March
April
;
May
June
Total for 12 months .




21,245,558
27,157,422
16,459,073

13,223,022
8,970,659
15,327,716

257,981,440

34,468,580
36,128,081
31,786,789

17,637,82419,873,690
21,425,589

149,997,982
148,932,626'
143,477,370

145,543,810

265,408,138

132,879,444

75,000

244,126,244

104.393,626

273,994
366,509
229,119
189,428
235,568
835,045
872,129
093,399
310,735
063,927
709,136
157,016
27,

33,669,398
27,694,326
17,173,912
23,345,061
21,374,428
21,856,261
21,160,424
19,222,957
24,844, D30
26,684,586
23,597,525
15,255,658

"4,395,404
3,672,183
12,055,207
2,844,367
861.140
978, 784
4,711,705
4,870,442
1,466,105
"620,659
5,111,611
11,901,358

260,226,935

34,377,054

32,587,880
4,754,422
1,637,212
229. 849
104, 616
52, 725
175, 699
34. 000
745, 715
284, 180
2,050, 215
935, 106
597. 149

29,562,990
26,573,554
20,894,873
16,172,172
9,625,683
11,739,575
13,873,469
18,726,822
20,473,288
21,465,690
23,492,109
15,462, 379

.63,463,771

" Excess of expenditures.

119,048,061
122,465,717
130,514,382
134,670.790
138,015,071
141,688,482
125,187,595
127,346,553
125,793,257
117,927,395
115,810,533
120,298,895

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

17,734,149

11. 600,888

180,000

429,754
1,977,354
2,233,272
4,261,430
4,363,818
1,003,212
525,413
422, 304
903, 201
3,010,429
1,626,531
2,074,599

100, 870
132, 323
196, 345
132, 530
403, 368
436, 969
153, 766
3,411, 157
12.224, 135
21,047, 525
2,711, 864
131, 105

590,000

201,122,999
199,090,167
203,175,412
204,491,640
198,122,405
198,698,241
204,184,200
199,102,212
206,510,463
206,087,499
200,985, 324
200,764,698

348,519,870

2,342,449
13,289,404
5,572,251

162,202
424,878
1,135,799
3,835,410
2,241, 787
2,146,952
1,309,639
291,Oil
3,244,859
2,311,351
232,015
398,246

40,000

000,813
188,202
143,701
037,269
309,742
030,279
820,145
406,013
070, 739
309,812
371,894
932,088

323,690,706

551,301
204,626
257,142

194,192.970
195,469,614
198,541,173
203,642,301
207,509,753
204,969,309
200,045,520
186,218,388
191,553,558
185,555,568
180,529,237
197,177,342

338,726
862,619
847,587
162,383
199,652
416,578
045,466
562,177
306,235
164,511
439,594
373,966
398,287,582

194,050,480
191,861,776
195,892,419

22,831,317

41,081,957

100,000
120,000
460,000
215,000
995,000

2,283,103
2,758,300
1,477,672
2,451,402
8,192,904
2,231,799
2,074,923
1,887,065
1,756,597
782,533
564,735
229,763

159, 106
175, 619
77, 350
192, 533
443, 529
220. 557
1,446,326
1,635, 828
833, 082
1,157, 995
1,393, 975
741, 992

2,222,000

26,691,696

CP

fe
O
fe
fe

H

!, 477,892

380,000
30,000

t>
fe

W
fe

fe
fe
t>
CP

d

fe

00

00

TABLE I.—STATEMENT SHOWING THE REVENUES AND EXPENDITURES OF THE GOVERNMENT BY MONTHS, ETC.—Continued.
Expenditures, excluRevenues, |sive of postal,
exclusive of principal of
postal.
debt, and
premium.
1885—July
August
September
October
November
December
1886—January
February
March
April
May

;..

$26,767, 293
28,064,261
29,971,026
28,872,905
25,381,164
25,757,702
24,737,858
25,971,994
30,076,168
26,871,590
27,751,724
32,510.620

$33, 683,234. "$6,915,941
4,271,736
23,792.525
16.013,054
13,957,972
21,533,673
7.339,232
23,584,936
1,796; 228
15,032,713
10,724, 989
22,753,131
1,984,727
22,205,315
3,766, 679
13, 981,676
16,094,492
21,052,775
5,818,815
17, 356,327
10,395,397
21,690,993
10,819, 627

336,439,727

242,483,138

Total for 12 months

29,403,Oil
28,908,867
20,583,192
23,474,961
25,657,709
18,483,715
23,384,902
25,485,121
21,627,371
20,229,703
22,409,349
14,959,888

233,960
3,286,459
11,103,510
6,063,537
1,918,394
io, 139,100
5, Oil, 019
4,288,757
11,730,794
9,846,954
11,424,933
18,111,097

Jurie

."

Total for 12 months
July--..
August
September
October
November
December
1888—January
February
March".
April

..:..
'.




Available Legal-tender
Legal-tender
Net gold
cash balance, ,^ notes
notes
^redeemed
in Treasury.
including
in Treasury.
in gold.
net gold.

371.463,278

267,932,180

30.814.872
35,619,116
33.859,806
31,803,172
29,128,568
29,059,804
30.773,207
31,15i, 931
28.867.873
29,851,790

35,136,924
28,252,786
17,027,786
19,711,467
28,375,989
12,980,554
21,866,896
19,898,468
16,621,207
24,418,972

Exports of
gold.

158,933,
157,732,
157,917
158,537,
163,930,
170,912,
168,475,
175,130,
181,939,
180,902
186,667,
186,875,

383,393,146
281,514,029
279,844,031
278,970,868
274,182,628
279,521,562
281,584,675
279,779,423
282,878,549
286,028,531
291,144,324
304,316,868

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

186,306,330
193,274,194
192,717,947
202,859,832
211,8S0,526
208,608,130
202,955.184
212,869,914
218.818,253
213,239,994

291,986,110
290,746,562
289,063,662
296,071,378
295,527,449
312,105,882
321,585,692
329,595,323
341,167,639
341,408,408

$464,500
105,200
91,900
48,300
85,300
130,200
63,500
126,200
647,800
514,600
1,754,100
2,832,099

$588,412
733,907
2,986,116
1,323,811
5,096,358
5,620,191
1,705,841
986,384
840,337
350,751
248,550
262,691

$1,329,570
359,317
151,568
139,120
438,460
1,789,974.
2,581,674
. 5,654,309
9,920,761
4,812,256
7,395,039
8,380,143

20,743,349

42,952,191

1,296,339
1,446,269
239,20O
173,200
146,000
110,200
104,600
125,640
174,250
142,230
175,825
90,320

582.052
4.958,557
4,994,609
5,412,995
9,310,607
11,655,807
3,535,928
143,611
577,965
329,278
903,939
505,253

1,175,311
130,765
308,360
264,012
355,245
305,347
628,993
1,677,397
2,444,926
1,494,246
296,269
620,316

4,224,073

21,939,142
35,579,647
36,719,081
30,967,305
29,548,188
23,169,326
24,283, 682
•25,689,202
21,159,938
20,225,474
21,767,376
20,013,797

103,471,098
"4,322,052
7,366,330
16,832,020
12,091,705
752,579
16,079, 250
8, 906, 311
"11,253,463
12,246,666
5,432,818

Imports of
gold.

6,863,699

$16,998,997 $126,078,596 $215,350,735
126,371,928 219,646,977
24,793,656
27,944, 332 133,113,324 233,206,722
243,565,741
142,338,589
27,550,341
245,769,440
146,391,486
25,735,643
257,887,815
147,991,809
27,941,200
136,086,610 265,217,967
33,300,389
265,914,243
144,164,038
32,277,292
275,765,409
151,379,525
30,289,485
155,865,308 278,349,307
26,088,774
281,911,856
156,304,709
26,289,098
287,513,959
156,793,749
22,868,317

93,956, 589

29,636,971
32,195,326
31,686,702
29,538,498
27,576,103
28,622,815
28,395,921
29,773,878
33,358,165
30,076, 657
33,834,282
33,070,985

-

June

July
August . :
September
October
November
December
1887—January
February
March
April
May

Surplus
revenues.

42,910,601

9,701,187

115,700
149,820
135,160
43,790
46,390
36,220
19,250
30,924
14,021
38,950

2,177,752
5,978,776
14,089,274
12,889,682
1,952,593
1,805,248
395,471
1;014,068
• 2,270,840
748,164

495,776
241 961
175,917
312,503
390,136
365,986
624,290
1,667,018
2,113,510
958,087

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May .
June

32,918,202
32,490,777

Total for 12 months .
July
August
September.
October
No vein berDecember .
1889—lanuary
February - March
April
,
May
June
Total for 12 months .
July
August
SeptemberOctober -..
November.
December .
1890—January...
February..
March
April
May

Jurie

Total for 12 months .
July.......
August
September.
October . . .
November.
December .
1891—January...
February..
March.
April
May
June




25,076, 375
15,212,079

7,841,827
17,278,698

379,266,075

259,653,959

119,612,116

31,204,898
34,623,181
31,698,174
31,966,204
28,590,107
30,160,263
34,077,696
30,133,160
31,013,991
31,458,799
35,773,199
32,757,908
387,050,059

35,983,765 • "4,778,867
22,812,916
11,810,265
14,824,580
16,873,594
28,091,756
3,874,448
• 35,553,665
" 6,963,558
14,964,389
15,195,874
25,902,351
8,175,345
32,933,380
" 2,800,220
16,773,339
14,240, 652
20,576,029
10.882,770
23,978, 333
11.794.866
13,527,113
19.230,795
281,996,616

"9,814,238
" 59,954
17,226,273
6,185, 348
7, 547,508
6,404,483
8,888, 703
6,762,424
19,238, 040
4, 783,035
9,021,139
22,905,509

403,080,983

297,736,487
36,694,820
32,624,992
26,740,833
35,690, 721
40,460,338
18,043,079
21,479,968
29,445, 669
29,062,737
" 23,791,108
27,690,327
33,628,103

1,304,646
1,281,917
10,042,502
3,531,458
"11,781,663
13,063,086
15,330,265
a 172.496
" 35,282
1,674,124
"401,021
"1,996,253

392,612,447

355,372,685

194,592i 280
206,383,035
197,713,116
191,074,575
199, 339,134
203,885,219
194,655,264
196,245,980
197,874,422
191,589,112
192,252,715
186,711,560

331,612,468
333,528,534
321,637,944
295,388,421
274,748,209
283,955,835
281,795,807
266,404.441
273,679,979
272,025,039
275,109,610
.287,531,010

30,364,366
32,325,935
21,170,258
17,303. 501
14,819,022
6,673,925
7,606,224
9,593, 865
6, 919, 657
7,209,411
9,892,799
11,804,190

182.218,164
180,654,670
189,196,423
187, 572,386
187,496, 672
190,833,052
177,386,285
187,988,948
185,287,715
186,235,572
190,544,854
190,232,405

274,000,688
251,773, 370
264,206,227
248,512,435
242,633,405
233,524,103
228,835,040
229,309,201
228,689,876
227,213,755
228,336,445
245,612,464

319,279
293,170

7,876, 774
3,154,276

43,934,317

18,376,234

347,046
78,990
69,363
207,843
22,433
1,275,356
57,071 ^ 1,222,189
30,226
1,960,847
• 51,582
906,500
• 31,350
649,006
16,407
817,400
19.240
680,359
14.800
805,753
139,369
753,894
. 199,312
658,665

3,829,852
191,130
323,425
686,472
5,376,262
7,725.351
1,197,080
1,478,208
4,392.584
3,176,014
13,445,033
18,130,874

730.143

37,239, 762

10,284,858

59,952,285

79.936
16,475
12,124
370,028
18,698
41,809
111,295
10,893
• 9.513
19,464
30,164
11,987

856,332
497,927
2,409,691
796,988
1,773,767
1,304,850
1,059,837
1,476,433
1,622,432
478, 353
280,902
385,830

5,281,786
420,176
. 289,580
2,233,463
575,742
312,920
460,969
1,170,690
1,456,824
1,052,355
288,620
3,731,366

732,386

105,344,496

37,999,466
33,906,909
36, 783,335
39,222,174
28,678,675
31,106,165
36,810,233
29,273,173
29,027,455
25,465,232
27,289,306
31,631,850

39,825,740
41,580,393
40,628,963
. 36,813,320
35,202, 956
30,875,860
29,446,498
29,300,511
25,051,231
23,770,137
27,790,387
29,601,085

49,371
13,000
692,596

200,301,129
193,866,247

105,053,443

31,886,200
41,700,438
34,470,905 . 34,530,859
31,416,291
14,190,018
32,492,608
26,307,260
30,716,967
23,169,459
29,595,504
23,191,021
34,661,158
25,772,455
30,866,218
24,103,794
34,778,181
15,540,141
34,017,041
29,234,006
35,443,552
26,422,413
37,546,892
14,641,383

327,846, 974 1
335,627,012

33,928,200
37, 983,204

12,943,342

17,274,491

45.220
19,740
12,650
11,520
24,873
31,954
47,229
41,493
66,899
41,055
2.288,479
3,355,458

1,195,054
1,724,565
1,425,632
2,621,638
1,926,401
6,033,013
1,397,918
565,304
614,170
233,318
212,648
282,906

11,860,029
2,135,853
281,627
425,235
567,152
632,354
728,246
4,010,146
5,155,736
14,163,116
30,580,760
15,822,400

5,986,070

18,232,567

CJ
/

fe
fe
fe

86,362,654

H

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

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

" Excess of expenditures.

1
1

234,069,918
215,907,111
179,120,347
175,131,439
164,386,294
163,242,409
174,983,938
168,395,989
163,915,855
161,718,803
158,886,719
153,893,809

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TABLE I . ^ S T A T E M E N T SHOWING THE REVENUES AND EXPENDITURES OF THE GOVERNMENT BY MONTHS, ETC.—Continued.

Month.

1891—July
August
September.
October
November.
December .
1892—January
February...
March
April
May
June
T o t a l . f o r 12 m o n t h s .
July
August
September.
October . . .
November.
December .
1893—January
February..
March
April
May
June
T o t a l for 12 m o n t h s .
July
August
September .
October
November..
D e c e m b e r -.
1894—January - - : .
F e b r u a r y - -.
March
April




Expenditure
R e v e n u e s , sive s , e x c l u postal
e x c l u s i v e of p r i nofi p a l of
c
postal.
debt, a n d
.premium.

Surplus
revenues.

,158,245
773,981
165,554
448,562
802,888
646,516
383,479
698,945
836,606
971,224
228,398
958,618

$38,100,294
19,537,484
22,267,038
30,650,811
26,156,048
30,424,728
34,175,350
25,962,726
27.784,217
30.059,632
31,732.794
27,922,412

"$3,942,049
9,236,497
4,898,516
"2,202,249
646,840
" 2,778.212
"3,791,871
4,736,219
2,052,389
"3,088.408
"3.504,396
3,036,206

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
31,633,482
33,238,886
30,210,787
28,775,469

" 2,019,621
2,038,805
3,605,206
100,578
" 900,883
« 393,036
" 3, 348,400
"1,168,131
2,482,328
"4,823,518
718,071
1,941, 633

385,819,629

383,477,955
39,675,889
33,305,228
25,478,010
29, 588,792
31, 302,026
30,058,261
31,309,670
26,725, 374
31,137,560
32,072,836

"8 770,113
"9,414,343
• "895,254
"5,035,397
"7,322,625
" 7,746,234
"7,226,931
"4,456,075
" 6,294,762
" 9,380,472

E x p o r t s of
gold.

110,444,391
114,156,316
119,395, 509
124,206,120
124,409.657
121,266, 663
108,181,713
103,284,219
106,892,224
97,011,330
95,048,641
95,485,414

127,050,286
129,152, 343
131.895.918
131,011,402
130.328.919
129,092,590
125,265,067
124,128,088
125,630,728
121,482,903
121,565,155
122,462,290

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

99,202,933
96,209,123
93,582,172
84,384,863
82,959,049
80,891,600
65,650,175
106,527,068
106,149,136
100,202,209

117,887,566
107,283,910
106,875,632
102,294,291
95,199,616
90,375,555
84,082,098
138.662,364
133;950,026
125,097,787

$1,835,912
297,633
242,820
763,059
406,094
317,966
312,053
476,200
732,731
696,726
622,123
2,422, 526

$1.029.148
1,394.755
7.451,428
16,897,947
8,871,717
6,018,851
552,014
2,826,962
3,084,406
487,041
591,159
494,026

$6,662,674
172,168
345,290
809,595
381,949
254,501
246,466
6,507,180
6,309,956
7,521,823
3,854,222
17,129,503

49,699,454

50,195,327

9,234,705
6,140,874
4,087, 799
598,865
698,146
10,237;812
11,496,617
13.828,664
4,926.453
20.051,910
16,547,849
4,250,651

542,440
333,282
1,303,536
3,118,330
2,577,212
1.540.538
370,843
1.257.539
6,608,437
> 803,985
1,708,557
1,009, 682

10,782,638
6,049,981
3, 627,663
484,250
1,138,647
12,879,727
12,584,396
14,245,607
8,113,428
19,148,964
16,914,317
2,711,226.

102,100,345

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

2, 341,674

905,776
890,88,5
582,756
553,395
979,401
312,027
082,739
269,299
842,798
692,364

I m p o r t s of
gold.

9,-125,843

$10,833,409 $121,113,024 $155, 783,717
132,471,409
14,467.265
160,274,395
132,523,222
9.150,717
144,987, 969
127,674,422
5,613,813
139, 671,9I9
5,528, 073 129,193,224
139,126,919
5,679, 710 130,740,631
134,574,129
5,338,384 119,574,905
131,368,461
122,122,113
4.716,987
132,162,204
4.932,842 125,815,040
132,898,884
3,412, 075 119,909,757
131,518,162
114,231,883
4,821,028
126,005,887
8,696.590 114,342,367
126,692,377

9,914,454

314,356
479,059
797,629
288,540
739,895
066,964
003,052
698,142
115,810
415,368
928,858
717,102

L e g a l - t e n d er
Available
Legal-tender
notes
Net gold
cash balance,
notes
redeemed
in Treasury, i n c l u d i n g
in Treasury.
i n gold.
n e t gold.

21,174,381

108,680,844

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

5,950,613
41.572,031
6,678,945
1,583,937
4,471,575
746,245
705,647
2,140,982
1,091,392
2,321,661

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

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May

23,066,994
26;485,926

Total for 12 months
July
August
September
October
November
December
1895—January
Fel? ruary
March
April
May
June
Total for 12 months .
July
August
September
October
November
December
1896—January
February
March
April
May .. June...-'
Total for 12 months
July
August
September
October
November
December
1897—January
February
March
April"
May
June

•...

Total for 12 months




29,779,141
25,557,021

"6,712.147
928,905

297,722,019

367.525,280
36.648,583
31,656,637
30,323,019
32,713,040
28,477,189
27.135,461
34,523,447
25,696,035
25,716,957
32,990,676
28,558,214
21,683,029

" 1,839,243
8,760,969
" 7,701,790
"13,573,800
" 9,065,785
" 5,269,324
« 6,719,047
" 2,807,978
"246,381
" 8,742,840
"3,286,136
3,932,445

. 313,390,075

356,195,298

"9,478,366
"3,635,488
3,229,196
"6,601,677
"1,212,780
474,621
"3,291,671
" 690,728
"1,233,845
"4,704,489
n 3,782,875
2,349,430

326,976,200

352,179,446

78,693,267
64,873,025

117.854,335
117,584,437

42,950,390
52,439,842
53,756,428
40,586,483
39,039,691
63,284,108
85,627,989
84,223,215
81,792.746
69,736.082
61,587,457
56.276,252

54,975,607
55,216,900
58,875,317
61,361,827
105,424,569
86,'244,445
44,705,967
87,085,511
90,643,307
91,247.145
99,151,409
107,512,363

119,065,351
127,148,096
119,919,718
107,340,146
144,507,606
153,337,579
144,603,302
178,197,587
187,917,260
180,817,916
185,370,101
195,240,153

49,897,588
57,647,881
79,107,454
77,520,347
* 90,156,477
106,264,654
99,113,271
104,042,173
112.284,848
108,549,890
120,993,035
123,855,577

107,236,487
100,329,837
92,911,974
92,943,180
79,333.966
63,262,268
49,845,508
123,962,980
128,646,461
125.393.900
108,345,234
101,699,605

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
270,090,662
267,193,210
267,432,097

"42,805,223

38,548,064
32,588,185
24,320,482
34,503,425
27,199,283
25,814,317
32,529,341
26,749,956
27,274,994
28,987,382
28,426.593
25,444,789

29.445,979
36,696,053

" 69,803,261

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

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
24,282,893
24,643,718
27,794,219

June

"25,203,246

365,774,160

4,282,743
903,348

27,406,801
23,280,220

84,842,150

72,449,119

76,978,061

13,923,375
4,741.413
936.513
3,047,890
7.799,747
31,907,221
45,117,738
5.560,952
1,089, 085
1,017,571
1,166,492
1.046.196

1,487,872
3,280.431
708,924
1,676,499
1,981,772
433,322
1,299, 665
5,706, 695
7,361,916
5,097, 369
5,051,016
2,299, 279

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
1,587,781
135,548

117, 354,198

"18,052,455

" Excess of expenditures.

36,384,760

60,468,481

3,826,795
16,564,067
17,377,484
2,166,883
16,034,590
20,212,695
16,448,508
21,736,876
6,856,546
7,130,618
22,039, 547
8,261,347

743,134
1,663,586
923, 391
2, on, 059
818,617
1,420, 665
10,546,952
11,659,097
756,616
1,275,168
711,774
995,006

3,867,518
16,670,501
17,429,949
1,887. 707
14,074,257
15,488,503
10,571,528
2,190,801
402.020
3,787,692
19,110,935
6,928,536

158,655,956

102,125,226 , 110,718,746
42,088,468 ."13,059,259
29,029,209
100.957,561
111,800,038
35,701,677 a 10,139,580
25,562,097
124.034.672
98,868,949
"1,995,290
24,584,245 • 26,579,535
117,126,524
96,535,206
33,978,277
'26,282,830'
" 7,695,447
131,510,353
75,034,912
33,260,720
25,210,696
"8,050,024
137,316,544
70,628,317
23,812,665
25,857,114
2,044,449
144,800,493
48,509,678
30,269,389
24,316,994
"5,952,395
148.661,209
28,796,057
24,400,997
"4,395,060 " 41,425,059
151,786,464
50,593,846
27,212.998
36,217,662
9,004,664
153,340,890
53,480,533
32,072.097
37,812,135
5,740,038
144,319,563
61,188,187
29,109,259
29,797,391
688,132
140,790, 738
67,929,521
22,934,695
36,584,708
13,650,013
347,721, 705

26.941.082
22,169,893

1
1

256.158,473
243,346,401
241,154,457
233,572,762
225,357,098
228,320,380
215,362,421
212,837,256
222,045,606
228,090,517
230,113,813
240,137,627

1

1

33,525,065

17,285,078
12,369,725
4,661,446
12,073,835
4,062,410
1.131.846
946,068
924,124
1,249,329
7,502,008
8,882,600
7,113,445

1,667,986
4,289,538
34,347,009
28,193,769
7.487.300
2.801,044
943,306
830.180
1,439,439
971.506
951,515
1,092,188

11,931,436
1,972,544
93,555
368,007
468; 010
431,826
. 442,355
353,147
575,205
6, 631,216
9,468,471
7,625,808

78,201,914

85,014,780

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40,361,580

112,409,947

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00

TABLE I.—STATEMENT SHOWING THE REVENUES AND EXPENDITURES OP THE GOVERNMENT BY MONTHS, ETC.—Continued.
Expenditures, excluRevenues, sive of postal,
exclusive of principal of
postal.
debt, and
premium.

Month.

1897—July
August
September
October
November
December
1898—January
February
March
April
May
June

$39,027,364
19,023,615
21,933,098
24,391,415
43,363,605
59,646, 698
37,333,628
28,572,358
32,958,751
33,012,943
30,074,818
33,509,313

Total for 12 months
JulyAugust
September
October
November
December
1899—Jariuary
February
March
April
May
June

$50,100,909 "$11,073,545
33,588,047 " 14,564,432
25,368,816
" 3.435,718
33,701,512
" 9,310.097
37,810,839
5,552.766
27,634,092
32,012,606
36p696,711
636,917
26,599,256
1,973,102
31,882,444
1,076,307
44,314,062 "11,301,119
.47,849,909 "17,775,091
47,8.=>2,282 " 14,342,969

405, 321,335

443,368,583

Available Legal-tender
Legal-tender
Net gold
cash balance,
notes
notes
in Treasury.
including
redemed
in Treasury.
net gold.
in gold.

" 38,047,248

.
"
:
--




615, 960,620

605,072,180

$938,961
4,720,569
4,723,181
11,775,483
3,064,089
2,682,405
6,493,414
6.162.681
30,708,320
32,579,858
13,322, 111
3,330,612

$5,462,869
1,983,588
142.922
313,311
699,613
577,996
2,658,663
1,030.412
728,707
1,323,724
109,157
376,629

120, 391, 674

15.406.391

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

"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

25, 652,265

"89,111,560

48,054.258
49,978,173
45,334,145
47.533,589
46,945,672
46.759,104
48,012,165
45,631; 265
48,726,837
45,039,327
45,166,053

Exports of
gold.

$5,275.143
3.116,276
2.742,173
2.096,301
2,110,416
2,019,399
1,209,916
1,635,813
1,583,770
1,155,907
548.997
903.852

1,497,013
1,955,908
3,102,810
1,279,926
913,467
1,219,638
1.755,451
'567,962
1,109,846
1,162,484
2,049,255
20,908,327

4,091,067
. 613; 762
443,871
347,578
653,253
2,674,754
4,237,722
3,001,905
2,343,753
1,781,270
2, 725, 378
2,737, 952

-

,

Imports of
gold.

24,397,963

$64,306,457 $140,817,699 $233,016,457
218,561,207
144,216,377
58,500,670
215,192,787
63, 578,689 147,663,105
207,756,100
46,952, 343 153,573,147
220,663,560
157,363,851
38,974,898
235,474,769
160,911,547
43,789,433
223,871,786
164,236,793
28,617,220
225,564,204
167,623,182
40,291,680
226,166,944
45,381,277
174.584.136
215,810,622
34,820,008
181.238.137
195,754,815
31,692,454
171,818,055
205,657,571
36,605,387
167,004,410

•

• Total for 12 months
July
August
September
October
November
December
1900—January
February
March
April . . .
May

Surplus
revenues.

16,317,766
18.246.243
17,066,521
16,615,736
16,848,640
17,817,580
16.455.244
14,322,423
10,268,313
13,426,509
19,946,308

245,254,534
248,757,971
254,328,820
252,223,797
239,744,905
236,909,230
218,613,617
232.225,336
248,358,064
229,461,962
218,857.545

274,844,167
279,352,872
287.695,613
289;391,540
286,216,440
283,595,453
292,490,973
298,362,824
306,792,996
296,117,548
295,783,530

2,208,091
2,076,548
1,105,220
888,828
1,225,020
1,837,112
3,191,433
1,590, 041
1,132,563
5,072, 805
8,482, 051

88,954,603
2,895,469
5,391,411
2,593,894
8,542, 254
2,904,043
5,620,246
I,992,692
1,911,116
1,921,036
3,388,813
3,683,634

37,522,1
2,606,457
2,099,062.
'618,995
379,752
264, 310
11,857,511
5,691,290
1,403,658
1,081,280
1,961,580
12,209,596

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June
Total for 12 months.
July
August
September
October
November
December
1901—January
February
March
April
May
June

".

...

Total for 12 months
July...
• August
September.-.
October
November
December
1902—January
February
March
April
May
June

'.

Total for 12 months .
July
August
September
October
November
December
1903—January
February:
March
April
May
June
Total for 12 months

33,540,673

17.895,159

567,240,852

487,713,792

955,161
688,756
304,326
626,067
344,515
846,508
520,287
844,123
891,125
767,851
629,440
333,908

53,979, 653
50,500,199
39,169, 971
47,993, 638
41,278,661
40,204,622
40,109,707
38,880,636
40,762.862
41,968, 246
42,136,561
33,045.147

a 4,024.492
"811,443
6,134, 355
3,632,429
7,065,854
6,641, 886
7,410,580
6,963,487
9,128,263
5,799,605
10,492,879
17,288,761

587,685,338

509,967, 353

77.717.985

320,340
394,125
434,423
831,953
716,777
061,965
582,144
159,739
501,414
215,390
509,449
677,469

52,307,591
39,351,498
32,310, 736
40,64.5,936
40,198,917
37,318,998
38,548,278
39,099,291
38,102,437
40,799,263
38,746,798
33,837.859

12,749
6,042,628
12,123,687
9,186.017.
5,517.860
9,742,967
8,033,866
2,060,448
8,398,977
4,416,127
10,762,652
15,839,609

562,478,233

471.190.878

91,287,376

305,691
605,813
580,381
391,262
599,001
161,300
996,338
028,180
435,436
326,101
113,970
354,054

S56,813,568
43,113,611
37,554,798
46,904,965
43,040,258
36,533,744
42,632,244
37,750,750
44.987.587
41,763,814
40,586,997
34,589,738

"7,507,877
5,492,202
11,025,583
4,486,297
558,743
10,617,556
3,364,094
5,277,430
447,848
1,562,287
3,626,973
13,764,316

560,396,674

506,099,007

305,705,655

27,141.405 I 220,557.185

79,527,060

54,297,667

3,728,576

8.093.268

44,573,184

48,266,759

2, 639,656
1,442,265
1,001,519
1,530,704
3,955,240
2,379,510
7,100,411
1,500.Ill
515;652
885,525
819,986
452,533

11,263, 332
4,238,358
7,861,553
10,731,375
12,641,988
3,386,611
4,265.626
1,859;274
2,520,455
2,249,038
1,772,834
3,260,743

3,272,739
18,084,938
806.672
441.962
677,207
410,533
8,221,159
416,812
490,269
4,916,965
10,101,177
5,344,844

24,223, 111

66,051,187

53,185,177

845,565
2.315,616
881,012
2,409,965
1,824,251
2,314,174
6.216, 580
1.139,411
272,793
377,005
460,553
700,255

4,076,113
3,490, 528
11,905,431
9,138, 638
7,431,678
2,791,522
1,405,787
1,696,967
2,636,313
1,864, 7671,497,053
4,086,467

2,875,120
150,861
163,362
4,066,747
16,292,500
4,744,123
1,973,675
8,665,480
4,432,946
2,844,214
1,968,407
391,525

18,757,180

62,021,254

48,568,960

514,925
386,665
329,870
438,140
388,012
581,940
1,152,600
372.425
528.110
1.199.055
1,336,376
1,039,228

1,594,421
5,143,597
4,981,130
11,118,446
5,981,743
2,186,636
2,010,851
1,817,456
4,567,728
1.349,621
1,462.845
2,767,553

7,884,339
2,305,714
530,029
1,460,829
720,331
2,853,112
85, 951
1,506, 370
1,042, 698
1,705,466
14,488,268
12,507,588

8,267,245

44,982.027

47,090, 595

6, 788, 626
35,598,337

26,781,125
26,661,394
20,468,514
11,680,495
11,408,327
10,700,362
12,817,781
11,358,967
9,944,303
9,155,'801
12,304,350
14,455,758

13,973,412
12,837,975
8,732, 369
7,949, 374
7,437,299
5,670,893
il, 088,847
11,455,896
10,069, 052
8,662,329
8,700,602
12,686,518

9,379,762
5, 617,492
3,845,140
3,089, 656
3,028,960
3,042,732
6,561,025
4,395,124
2,487,162
4,732,027
6,717,736
12,598,801

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

223,567,376
218,263,969
230,131,162
242,670,175
243,235,735
246,561,322
221,183,644
231,150,064
249,046,644
246,767,053
244,432,246
248,605,794

327,368,877
329,971,356
319,919,880
325,655,697
317,010,665
321.603,279
324,796.646
325.361,866
327,856,289
334,739.983
345.350,229
362,187,361

249,955,831
2.58.4.55,786
251,635,354
259,346,494
257,539,887
262,800, 534
239,040,401
238,821,209
244,858,050
242,945,286
246,554,393
253,801,291

248,005,005
264.657.694
286.124,771
263,542,933
264,967,774
270,777,264
247,783,746'
259,651,782
276,815,803
262,539, 660
256,208,626
254,162,230
I

353,974,599
359,491,501
371,253, 394
356,421,878
354,575,588
364,409,380
368,345,963
374,543,470
372,921,989
373,326,187
375,168,898
388,686,114

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" Excess of expenditures.
NOTE.—The revenues and expenditures by months are made up from partial reports, and, being subject to change by subsequent concentration of accounts, do not agree
with the totals by years. The latter are the actual results, as shown by complete returns.




OQ

88

REPORT ON T H E

FINANCES.

TABLE J.-—STATEMENT OF RECEIPTS OP THE UNITED

f^

o

>< '

Balance in
the Treasury at
commencement of year.

Customs.

Internal reveniie.

STATES PROM MARCH 4,
J U N E 30)

Direct tax. Public lands.

1789,
FROM

Miscellaneous.

$10,478.10
1791
$4,399,473.09
$208,'942.81
1792
$973," 905.'75
9,918.65
3,443,070.85
21,410.88
337,705.70
4,255,306.56
783,444.61
1793
274,089.62
53,277.97
4,801,065.28
1794
753,661. 69
28,317.97
337,755.36
1795.
1,151,924.17
5,888,461.26
$4,'836." Is 1,169,415.98
475,289.60
6,567, 987.94
516,442.61
1796
399,139.29
675,491.45
1797
888,995. 42
83.540. 60
7,549,649.65
1,021,899.04
58,192.81
• 644,357.96
7,106,061.93
1798
11,963.11
779,136.44
86,187.56
6,610,449;31
1799
617,451.43
152,712.10
809,396.55 '"$734," 223.'97
443." 75
2,161,867.77
9,080,932.73
1800
345,649.15
1,048,033.43
534,343.38
167,726.06
10,750,778.93
1801
2,623,311.99
1,500,505.86
621,898.89
206,565.44
188,628.02
12,438,235.74
1802
3,295,391.00
131,945.44
215,179.69
71,879.20
165,675.69
10,479,417.61
1803
6,020,697.64
139,075.53
50,941.29
50,198.44
487,526. 79
11,098,565.33
1804
4,825,811.60
40,382.30
21,747.15
21,882.91
640,193.80
12,936,487.04
1805
4,037,005.26
51,121.86
20,101.45
765.245.73
14,667.698.17
1806
3,999,388.99
55,763.86
38,550.42
13,051.40
34,732. 56
466,163.27
15,845,521.61
1807
4,538,123.80
21,822.41
8,190.23
19,159.21
647,939.06
16,363,650.58
1808
9,643,850.07
62,162.67
4,034.29
7,517.31
442,252.33
7,257,506.62
1809
9,941,809.96
84,486.84
7,430.63
12,448.68
696,548.82
8,683,309.31
1810
3,848,058.78
69,211.22
2,295.95
1,040.237.53
13,313,222.73
1811
2,672,276.57
7,666.66
126,165.17
4,903.06
859.22
710,427.78
8,958,777.53
1812
3,502,305.80
271,751.00
4,755.04
• 3,805.52
835, 655.14
13,224,623.25
1813
3,862,217.41
1,662,984.82 2,219,497.36
1,135,971.09
5,998,772.08
1814
6,196,542.00
164,399.81
285,282.84
4,678,059.07 2,162,673.41
1,287,959.28
7,282,942.22
1815
1,727,848.63
273, 782.35
5,124,708.31 4,253,635.09
1,717,985.03
36,306,874.88
1816
13,106,592.88
109,761.08
2, 678,100.77 1.834.187.04
1,991,226.06
26,283,348.49
1817
22,033,519.19
57.617.71
955,270." 20
264,333.36
2,606,564.77
17,176,385.00
1818
14,989,465.48
57,098.42
229,593.63
83.650.78
3,'-274,422.78
20,283,608.76
1819
1,478,526.74
61,338.44
106,260.53
31.586.82
1,635,871.61
15,005,612.15
1820
2,079,992.38
152,589.43
69,027.63
29,349.05
1.212,966.46
13,004,447.15
1821
1,198,461.21
452,957.19
67, 665.71
20,961.56
1,803,581.54
17,689, 761. 94
1822
1,681,592.24
141,129.84
34,242.17 . 10,337.71
916,523.10
19,088,433.44
1823
4,237,427.55
127,603.60
34,663.37
6,201.96
984,418.15
17,878.325.71
1824
9,463,922.81
25,771. 35
2,330.85
1,216,090.56
20,098; 713.45
1826
1,946,597.13
130,451.81
21,589.93
6,638.76
1,393,785.09
23,341,331.77
1826
. 5,201,650.43
94,588.66
1,315,722.83
19,885.68
2,626.90
1,495,845.26
19,712,283.29
1827
6,358,686.18
17,451.54
2.218.81
1,018,308.75
23,205,523.64
1828
6,668,286.10
65,126.49
112,648.55
14,502.74
11,335.05
1,517,175.13
22,681,965.91
1829
5,972,435.81
12,160.62
21,922,391.39
1830
5,755,704.79
16,980.59
2,329,356.14
• 73,227.77
584,124.05
6,933.51
10,506.01
3,210,815.48
24,224,441.77
1831
6,014,539.75
11,630.65
28,465,237.24
1832
4,502,914.45
6,791.13
2,623,38L03
270,410.61
470,096.67
2,759.00
394.12
3,967,682.55
29,032,508.91
1833
2.Oil,777.55
4,196.09
19.80
4,857,600.69 ^ 480,812.32
16,214,967.15
1834
11,702,905.31
759,972.13
10,459.48
4,263.33 14,757,600.75
19,391,310.69
1835
8,892,858.42
370.00
23,409,940.53
1836
26,749,803. 96
728. 79 24,877,179.86
2,245,902.23
5,493.84
1,687.70
6,776,236. 52 7,001,444.59
11,169,290. 39
1887
46,708,436.00
2,467.27
3 730,945.66
16,158,800.36
1838
37,327,252.69
6,410,348.45
36,891,196.94
2,553.32 •
23,137,924.81
1839 •
555.'22 7,361,576.40
979,939.86
1,682.25
13,499,502.17
1840
33,157,503.68
3,411,818.63
2,567,112.28
1841
14,487,216.74
29,963,163.46
3,261.36
1,365,627.42
1,004,054.75
1842
28,685, 111. 08 18.187,908.76
495.00
1,335,797.52
451,995.97
30,521,979.44
103.25
7,046,843.91
1843"
898,158.18
285 895 92
1844
39,186,284.74
1,777.34
26,183,570.94
2,059, 939.80 1,075,419! 70
27,528,112.70
1845
36,742,829.62
3,517.12
2,077,022.30
361,453.68
36,194,274.81
26,712,667.87
1846
2,897.26
2,694.452.48
289,950.13
1847
23,747,864.66
38,261,959.65
220,808.30
375. 00
2.498.355. 20
31,757,070.96
1848
33,079, 276.43
612,610.69
375.00
3,328,642.56
1849
685 379 13
28,346,738.82
29,416,612.45
1,688,959. 55
39,668, 686.42
1850
32,827,082.69
1,859,894.25
2,064|308.21
49,017,567.92
1851
35,871,753.31
2,352,305.30
1,185,166.11
1852
47,339,326.62
40,158, 353.25
2,043,239.58
464,249.40
58,931,865.62
1853
43,338,860.02
1,667,084.99
988,081.17
1854
64,224,190.27
50,261,901.09
8,470,798.39
1,105,352.74
53,025,794.21
48,591,073.41
1855
41,497,049.07
827,731.40
47,777,672.13
64,022,863.50
1856
8,917,644.93
1 116 190 81
1857
49,108,229.80
63,875,905.05
3,829,486.64
1,259,920.88
1858
46,802,855.00
41, 789,620.96
3,513,715.87
1,352,029.13
35,113,334.22
1859
49,565,824.38
1,454,596.24
1,756,687.30
1860
33,193,248.60
53,187,511.87
1,088,530.25
1,778,557.71
39,582,125.64
1861
32,979,630.78
1,023,615.31
870,658.54
1862
30,963,857.83
49,056,397.62
915 327 97
'i, 795,331.73
152,203.77
1863
, 46,965,304.87
69,059,642.40
37,'640,"787.'95 1,485,103.61
167,617.17
3,741,794.38
102,316.162. S9 - 109,741,134.10
475,648.96
1864
36,523,046.13
588,333.29 30,291,701.86
84,928,260.60
209,464,216.25 1,200,573.03
1866
134,433,738.44
996,653.31 25,441,556.00




"For the half year from

89

SECRETARY OF T H E TREASURY.
TO J U N E 30,
THAT T I M E .

1903,

BY CALENDAR

YEARS TO 1843

Dividends. Net ordinary Interest.
receipts.

1791
1792
1793
1794
1795
1796
1797=
1798
1799
1800
1801
1802
1803
1804
1805
1806
1807
1808
1809
1810
1811
1812
1813
1814
1815
1816
1817
1818
1819
1820
1821
1822
1823
1824
1825
1826
1827
1828
1829
1830
1831
1832
1833
1834
1835
1836
1837
1838
1839
1840
1841
1842
1843a
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864
1865

Receipts
from loans and Gro.ss receipts.
Treasury
notes.

$4,409,951.19
$8,028.00
3,669,960. 31
38,500.00
4,652,923.14
303,472.00
5,431,904.87
160,000.00
6,114,534. 59 S4,8-00.00
160,000.00
8,377,529.65 42,800.00
80, 960.00 8,688,780.99
79,920.00
7,900,495.80 78,675.00
71,040.00
7,546,813. 31
71,040.00 10,848, 749.10
88,800.00 12,935,330.95 16," l25.'66
39,960.00 14,995,793.95
11,064,097.63
11,826,307.38
13, 560,693.20
15,559„931.07
16,398,019.26
17,060,661.93
7,773,473.12
9,384,214.28
14.422.634.09
9,801,132.76
300.00
14.340.409.95
85.79
11,181,625.16
$32,107,
15,696,916.82 11.541.74
47,676,985.66 68,665.16
686.09
202,426.30 33,099,049.74 267,819.14
525,000.00 21, 585,171.04
412.62
675,000.00 24,603,374.37
, 000,000.00 17,840,669.55
40,000.00
105,000.00 14,573,379.72
297,500.00 20,232.427.94
350,000.00 20.540.666.26
350,000.00 19,381,212.79
367,500.00 21,840,858.02
402.500.00 25, 260,434.21
420.000.00 22.966.363.96
455,000.00 24.763.629.23
490,000.00 24,827,627,
490,000.00 24,844.116.51
490,000.00 28,526,820.82
490,000.00 31,867,450.66
474,985.00 33,948,426.25
234.349.50 21,791,935.55
506,480.82 35.430.087.10
292,674.67 50,826,796.
24,954,153.04
26,302.561.74
31,482,749. 61
19,480,115.33
16.860.160.27
19,976,197.25
71,700.83
8,231,001.26
666. 60
29,320,707,
29,970,105.
29,699,967. 74
28,365.91
26,467,403.16
37,080.00
35,628,699.21
487,065.48
30,721,077.50
10,550.00
43,592,
4.264.92
52,555,039.33
49,846,815. 60
22.50
61,587,031
73,800,341.40
65,350,574.
74.056.699.24
68, 965,312.57
46,655,365,
709,357.72
52, 777,107,
10,008. 00
56,054,599.
33.630.90
41,476,299.49
68,400.00
51,919,261.09
602,345.44
112,094,945.51
21,174,101.01
243,412,971.20
11,683,446.89
322,031,158.19

January 1 to J u n e 30, 1843.




AND BY FISCAL YEARS (ENDED

$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

2,750,000.00
12,837, 900.00
26,184; 135.
23,377, 826.00
35,220, 671.40
9,425,084:91
466, 723.45
8, 353.00
2, 291.00
3,000. 824.13
5, ooo; 324.00
5,000,000.00
5,000,000.00

2,992,989.15
12,716,820,
3,857,276.21
5,589,547.51
13,659,317.38
14,808,735.64
12,479, 708.36
1,877,181.35
28,872, 399.45
21,256, 700.00
28,588; 750.00
4,045 950.00
203, 400.00
46; 300.00
16; 350.00
2. 001.67
800. 00
200.00
3 900.00
23,717 300.00
28,287; 500.00
,,800.00
20, 776,
41,861 709.74
529,692, 460.50
776,682, 361.67
128,873, 945.36
472,224; 740.85

Unavailable.

771.342.53
772,458.76
450,195.15
439.855.65
515.758.59
740,329.65
758,780. 99
179,170.80
12, 546,813.31
12; 413,978. 34
12; 945,455. 95
14; 995,793.95
11; 064,097. 63
11, 826,307.38
13, 560,693. 20
15, 559,931.07
16, 398,019.26
17, 060.661.93
7, 773.473.12
12, 134,214.28
14, 422,634, ""
22, 639,032.76
40, 524,844.95
•34,559.536.95
50, 961.237.60
57, 171,421.82
33, 833,592.33
21, 593,936. 66
24, 605.665.37
20, 881,493.68
19, 573,703.72
20, 232.427.94
20, 540,666.26
24, 381.212.79
26, 840,858.02
25, 260,434.21
22; 966.363.96
24, 763.629.23
24, 827.627.38
24, 844.116.51
28, 526,820.82
31, 867,450.66
$1,8
33, 948,426.25
21, 791,935.55
35. 430,087.10
50, 826,796,
27, 947,142.19
63,288.35
39, 019,382.60
35, 340,025.82 1,458,782.93
25, 069,662.84
37,469.25
30; 519,477.65
34, 784, 932.89 11,188.00
• 20;
782,410.45
31; 198,555.73
29; 970.105.80
29; 699,967.74
55; 368.168.52
30,000.00
66; 992,479.21
59; 796,892.98
47 , 649,388,
52,
,762,704.25
49,893,115.60
61 603,404.18 103,301.37
73 802. 343.07
65;
s351,374.68
74 056.899.24
68; 969,212.57
1
,
7o; 372,665.96
Sl ,773,965.64
15,408.34
76, 841,407.83
83; 371.640.13
581, 680,121.59
11,110.81
379,652.52
6,000.01
,461,017.67
9,210.40
,939,345.93
6,095.11

90

REPORT
TABLE

Balance in
the Treasury at
commencem e n t of y e a r .
1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903

Customs.

$179,046,651.58
176,417,810.88

$33,933,657.89
160,817,099.73

198, 076,437.091 164,464, 599.56
180,048, 426.63
158; 936.082.87
183; 781,985.761 194,538, 374.44
177; 604,116.51
206,270, 408.05|
138, 019.122.151 216, 370, 286.77
134, 666,001.85|
188,089, 522.701
159, 293,673.41
163,103, 833.69
1.78, 833,339.54|
157,167, 722. 35|
172. 804,061.32
148,071, 984.61
149. 909,377.21
130,956, 493.07
214, 887,645.88|
130,170, 680.20|
286, 591.453.88
137,250; 047.70
386, 832,588.65|
186,522; 064.60
231, 940,064.44
198,159; 676.02I
280, 607,668.371 220,410, 730.25
275, 450,903.53
214,706; 496.93
374 189,081.98
195,067; 489.76
424, 941.403.07
181,47i; 939.34
521. 794,026.26
192,905, 023.44
526. 848.755.46
217,286; 893.13
512, 851.434.36
219,091 173.63
659, 449.099.94
223,832, 741.69
673. 399,118.181 229,668, 584. 57
691, 527,403.71
219,522, 205.23
726;
177,452 964.15
• 778, 222,332.60|
203,355; 016.73
738, 604,339.28
131,818; 530. 62
467,555.07
763,
152,158, .617.45
773, 565.540.75
160,021, 751.67
610.008.76
846,
176,554, 126.65
864, 093,349.62
149,575, 062.35
775, 790,237.71
206,128, 481.75
867, 751,368.11
233,164 871.16
980,559.46
1,059,
238,586; 455.99
1,128, 336,349.68
762,603.23 •254,444, 708.19
1,221,
284,479, 581.81
259,599. 66
9,118,825,548.91




ON

THE

FINANCES.

J.—STATEMENT

I n t e r n a l revenue.

OF

THE

RECEIPTS

Direct tax.

$309,226,813.42 $1,974,754.12
266,027,537.431 4,200,233.70
191, 087,589.
158, 356,460.
184! 899,756.
143; 098,153.
130, 642.177.
113, 729,314
102; 409,784.
110; 007,493.
no; 700,732.
630,407.
118; 581,624.
110, 561,610,
113i 009,373,
124,
135, 264,385,
146, 497,595.
144, 720,368.
586,072.
121, 498,725.
112, 805,936.
116, 823,391.
118, 296,871.
124,
130, 881,513.
142, 606,705.
145, 686,249.
153, 971,072.
161, 027,623.
111,232.
147, 421,672.
143, 762,864.
146, 688,574.
146, 900,641.
170, 437,161.
273, 327,926.
295, 180,663.
307, 880,122.
271, 810,124.
230,

1,788,145.85
765.685.61
229,102.
580,355.37
315,254.51

30.85
1,516.
160,141.69|
108,156.60
70,720.75
108,239.94
32,892.05|
1,565.82

OF THE

UNITED

P u b l i c i a n d s . Miscellaneous.

$665,031.03 $29,036,314.23
1,163.575.76 15,037,622.15
1,348, 715.41
4,020, 344.34
3,350. 481.76|
2.388, 646.68
' 2,575, 714.19|
. 8,882, 312.
1,852, 428.931
1,413, 640.17
1,129, 466.95|
976, 253,
1,079, 743.37
924, 781.06|
1,016, 506.60|
°2,201, 863.1
4,753, 140. 3'
7,955, 864.42
9,810, 705.01
5,705, 986.44
5,630, 999.34
9,254, 286.42
11,202, 017.23
8,038, 651.79
6,358, 272.51
4,029, 535.41
3,261, 875.58
3,182, 089.78
1,673, 637.30
1,103, 347.16
1,005, 523.43
864, 581.41
1,243, 129.42
1,678, 246.81
2,836, 882.98
2,966, 119.65
4,144, 122.78
8,926, 311.22

17,745, 403.59
13,997 338.65
12,942; 118.30
22,093, 541.21
15,106, 051.23
17,161 270.05
32,575, 043.32
15,431 915.31
24,070, 602.31
30,437, 487.42
15,614, 728.09
20,585, 697.49
21,978, 525.01
25,154, 850. 98
31,703, 642.52
30,796, 695.02
21,984, 881
24,014, 055.06
20,989, 527
26,005, 814.841
24,674. 446.10
24,297, 151.44
24,447, 419.74
23,374, 457.23
20,251, 871.94
18,254, 898.34
17,118, 618.52
16.706. 438.48
19,186, 060.54
23,614, 422.81
83,602, 501. 94
34,716, 730.11
35,911, 170.99]
38,954. 098.12
32,009, 280.14
36,180, 657.20

6, 560,280,477.77 28,131,990.32 313,390,509.04 1,067,378,051.83
a A m o u n t heretofore credited to t h e Treasurer as

SECRETARY OP T H E TREASURY.

91

STATES FROM MARCH 4, 1789, TO J U N E 30, 1903, ETC.—Continued.

Dividends,

1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903

Net ordinary
receipts.

$519, 949,564.38
462,846,679.92

357,
395,
374,
364,
322,
299,
284,
290,
281,
257,
272,
333,
360,
403,
398,
348,
323,
336,
371,
379,
387,
403,
392,
354,
385,
297,
313,
326,
347,
405,
515;
567,
587,
562,
660,

Interest.

Premiums.

Receipts
from l o a n s a n d
Gross r e c e i p t s .
Treasury
notes.

Unavailable.

$38,083,055.68 $712,851,553.05 $1,270,884,173.11' $172.094.29
27,787,330.35 640,426,910.29 1,131,060,920.56 721,827.93
29,203,629.50
13,755,491.12
15,295,643.76
8,892,839.95
9,412,637. 65
11,560,530,
5,037.665.22
3,979,279.
4,029,280. 58
405,776.58
317,102.30
1,505,047.63
110.00

8,633,295.71
11,339,344.62
11,166,246.41

1,484,048.00

"625,111 433.20
238,678; 081.06
285,474 496.00
268,768; 523.47
305,047, 054.00
214,931, 017.00
. 439,272. 535.46
387,971, 556.00
397,455; 808.00
348,871, 749.00
404,581, 201.00
792,807, 643.00
211,814, 103.00
113, 750, 534.00
120,945, 724.00
555,942, 564.00
206,877, 886. 00
245,196, 303.00
116,314, 850.00
154,440, 900.00
285,016, 650.00
245, 111, 350.00
245,293, 650.00
373,208, 857.75
381,463, 512.00
347,051, 586.00
417,651, 223.50
395,787, 205. 50
482,710, 363.50
389,930, 220.00
333,227. 920.00
522.490, 720.00
. 510,558, 056.00
218,978, 610.00
89,259, 910.00
147,441, 230.00

2,675,918.19
1,030, 749,516.
609, 621,828.
696, 729.973.
652, 092,468.
679, 153,921.
548, 669,221.
744. 251,291.
675. 971,607.
691. 551,673.
630, 278,167.
662, 345,079.
1,066, 634,827.
545, 340,713.
474, 532,826.
524, 470.974.
954, 230,145.
555, 397,755.
568, 887,009.
452, 754,577.
525, 844,177.
664, 282,724.
632, 161,408.
648, 374,632.
765, 821
736, 401,296.
732, 871,214.
724, 006, 538.
720, 516,625.
820, 852,810.
737, 651,925.
738, •549,255,
1,038, 451,340,
1,077, 798,907,
806, 663,947,
651, 738,143,
709, 321,952.

" 2,070.73
"3,396.18
" 18,228. 35
"3,047.80
12,691.40

"1,500.00
47,097.65
7,997.64

$9,720,136.29 17,097,726,714.16 $485,224.45 236,882,156.57 17,495,943,533.09 34,831,037.627.27 2,714,730.71
u n a v a i l a b l e a n d since recovered a n d charged to his accouut.




9 2
TABLE

REPORT
K.—STATEMENT

OF

ON

THE

EXPENDITURES

OF

FINANCES.
THE

UNITED

STATES

FROM
JUNE

Year.

1791..
17.92-1793-.
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..
1835-1836-18371838.1839-1840.1841..
1842..
1843"
1844..
1845..
1846..
1847..
1848..
1849..
1850.1851-1852-.
1853-1864..
1855..
1856..
1857..
1858:.
1859..
1860..
1861..
1862..
1863-.
1864..

Navy.

$632, 804.03
1,100, 702. 09
1,130, 249.08
2, 639, 097.59
2, " " 910.13
1,260, 263.84
1,039, 402.46
2,009, 522.30
2,466, 946.98
2,560, 878.77
1,672, 944.08
1,179, 148.25
822, 055.85
875, 423.93
712 781.28
224; 355.38
685.91
834.40
772.17
323.94
828.19
798.24
013.02
806.86|
294.22
096.80
236.53
715.10
300.37
392.31
291.78
981.48
924.43
939.85
914.18
194.37
977.88
544.56
291.07
128.88
835.55
034.88
019.10
189.38
156.89
345.251
730.
224.16|
995.80
267.231
610.24
6
438.021
671.95
2
183.66
5;
291.28
6.
370.58
10;
030.33
35,
334.21
27
473.261
14;
024.58
9;
965.11,
12;
506.19
8;
498.49
9;
282.87
11;
074.07
iii
160.51
16.
150.871
19:
121.63
25;
720.53
23;
202.72
16;
530.67
23;
562.29
389!
411.82
603;
048.66l
690;




• $61, 408.97
410, 562.03
274, 784.041
382, 631
1,381, 347.76!
2,858, 081.84|
3,448, 716.
2,111, 424.00|
915, 561
1,215, 230.53
1,189, 832.751
1,597, 500.00
1,649, 641.44
1,722, 064.47
1,884, 067,
2,427, 758.80|
1,654, 244.20
1,965, 566.39
3,959, 365.15
6,446, 600.10|
7,311, 290.
8,660, 000.251
3,908, 278.30
3,314, 598.49
2,953, 695.00
3,847, 640.42
4,387^ 990.00
3,319, 243.06
2,224, 4.58.98
2,503, 765.
2,904, 581.561
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, 260.42I
3,864, 939.06
5,807, 718.23
6,646, 914.53
6,131, 580.63
6,182, 294.251
6,113, 896.89
6,001, 076.97
8,397, 242.95
3,727, 711.53
6,498, 199. Ill
6,297, 177,
6,455, 013.921
7,900, 635.76
9,408, 476.02
9,786, 705.92
7,904, 724.66
8,880, 681.38
8,918, 842.101
11,067. 789.53
10.790, 096.32
13,327, 095.11
14,074, 834.64
12,651, 694. 61
14,053, 264.64
14,690, 927.90
11,614, 649.83
12,387, 156.62
42,640, 353.091
63,261, 235.31
85,704, 963.74!

Indians.

P e n .sions.

$27, 000.00
13, 648.85
27; 282.83
13; 042.46
23; 475.68
113; 563.98
62; 396.58
16 470.09
20, 302.19|
31.22
9 000. OOl
94; 000.00
60, 000.00
116 500.00
196 500.00
234 200.00
205; 425.00
213 575.00|
337; 503. 841
177, 625.00
15i; 875.00
277 845.00
167; 358.28
167; 394.86^
530; 750.001
274 512.161
319; 463.71
505 704.27
463 181.391
315; 750.01
477 005.44|
575; 007.41
380; 781.82|
429; 987.90|
724 106.44
743; 447.83|
750, 624.88
705; 084.24
576; 344.74
622; 262.471
930, 738.04
1,352; 419.751
1,8O2; 980.93
1,003; 953.20
1,706, 444.481
5,037, 022,
4,348; 036.19|
5,504, 191.34
2,528 917.28
2,331; 794.86
2,514; 837.12
1,199, 099.68
578, 371.001
1,256, 532.39
1,539; 351.35
1,027; 693.64|
1,430; 411
1,252 296.81|
1,374 161.56
1,663; 591.47
2,829; 801.77
3,043; 676.04
3 J
494.12
1, bbO. 339.55
2,772; 990.78
2,644 263.97
4,354; 418.87
4.978, 266.18
3.490; 534.63
2,991; 121.54
2,865; 481.17
2,327; 948.37
3,152; 032.70
2,629; 975.971

$175, 813.88
109, 243.15
087.8l|
399.24
673.22|
100, 843. 71
92, 256.97
. 104 845.33|
95; 444.
64' 130.73|
73, 533.
85, 440.39|
62, 902.10
80; 092.80
81 854.591
81 875.5
7o; 500.001
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; 719.901
2.415, 939.85
3,208; 376.31
242; 817.25
1 , 948,
199.40
1 780, 588.52
1 ,499, 326.59
1
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
152.40
3,364; 285.30
1,954; 711.32
2,882, 797.96
2,672, 162.45
2,156! 057.29
3,142; 750.51'
2,6O3; 562.17
2,
434.61
1; 378;931.33
839; 041.12
2,032; 008.99
2,400, 788.11'
1,811 097.561
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
1,232, 665.00
1,477; 612.33
1.296; 229.65
1.310; 380. 58
1,219; 768.301
1,222, 222.71
1,100; 802.32|
1,034; 599.73
852; 170.471
1,078, 513.36
4,985; 473. 90'

MARCH
30)

4,

FROM

Miscellaneous.

$1,083, 971.61]
4,672; 664.38
511 4ra. 01
750; 350.74
1,378, 920.661
801 847.58
., 259, 422.62
,139, 524; 94
39i.68
613.22
768.45
929.40
635.76
009.43
598.75
137. Oil
897.51
285.611
803.79
144.98
291.40
088.21
435.61
029.70
870.47
741.17
936.76
839.51

211.41
021.94
121.541
996.24
093,
308.81|
544.
177.791
476.
052.641
234.65
416.04
646.10
141.45
245.93
728.95
698.63
279.72
370.27
664,76
990.89
398.96
881.45
624.61
713.00
183.86l
760.
283.
608.35|
861.25
334.24
763.36
992.18
171.45|
068.011
144.68
425.43
038.87
498.77
016.42
544.40
978.30
287.69
862.59
382.37
216.87I

" F o r t h e h a l f y e a r from

SECRETARY OF T H E TREASURY.
1789, TO J U N E 30, 1903,
THAT TIME.

Year. Net ordinary ex
penditures.

BY CALENDAR YEARS TO 1843

Premiums.

Interest.

AND BY FISCAL YEARS (ENDED

Public debt.

Gross expenditures.

$1,177, 863.03
984. 23
$3 797, 436.78
$1 919, 589.52
2,373, 611.28
693, 050.25
5 896, 258.47
8 962, 920.00
2.097, 859.17
2,633, 048.07
1 749 070.73
6 479, 977.97
2,762, 523.04
2,743,-771.13
3 545, 299.00
9 041, 593.17
2,947, 059.06
2,841, 639.37
4 362, 541.92
10 151, 240.15
.3,239, 347,
2,577, 126.01
2 551, 303.15
8 367, 776.
3,172. 516.73
2,617, 250.12
2 836, 110.52
8 625, 877.37
2.956. 875.90
•976, 032.09
4 651, 710.42
8 583, 618.41
2,815, 651.41
1,706, 578.84
6 480, 166.72
11 002, 396.97
3,402, 601.04
1,138, 563.11
7 411, 369.97
11 952, 534.12
4,411,830.06
2,879, 876.98
4 981, 669.90
12 273, 376.94
4, 239,172.16
5,294, 235.24
3 737, 079. 91
13 270, 487. 31
3,949, 462.36
3.306, 697.07
4 002, 824.24
11 258, 983.67
4,185, 048.74
3,977, 206.07
4 452, 858. 91
12 615, 113.72
2,657, 114.22
4,583, 960.63
6 357, 234.62
13 598, 309.4^
3.368, 968.26
6,572, 018.64
6 080, 209. 36
15 021, 196.26
984, 572.89
3.369,578.48
2,938, 141.62
4
11 292, 292.99
2,557,074.23
7,701, 288.96
6 504, 338.85
16 762, 702.04
414, 672.14
2,866,074.90
3,586,479.26
7
13 867, 226.
3,163,671.09
4,835, 241.12
5 311, 082.28
13 309, 994.49
592, 604.
2.585,435.57
5,414, 564.43
5
13 592, 604.
2,451,272.57
1,998, 349.88
17 829, 498.70
22 279, 121.15
3,599,455.22
7,508, 668.22
28 082, 396.92
39 190, 520.
4.593,239.04
3.307, 304.90
30 127, 686.38
38 028, 230.32
5,990,090.24
6,638, 832.11
26 953, 571.00
39 582, 493.36
. 7,822.923.34
17,048, 139.59
23 373, 432.58
48 244, 495.51
4.536,282.55
20,886, 753.67
15 454, 609.92
40 877, 646.04
6,209,954.
15,086. 247.59
13 808, 673.78
35 104, 875.40
5,211,730.56
2,492, 195.73
16 300, 273.44
24 004, 199.73
5,151,004.32
3,477, 489.96
13 134, 530.67
21 763, 024.85
5.126,073.79
3,241,019.83
10 723, 479.07
19 090, 572.
5,172,788.79
2,676, 160.33
9 827, 643.61
17 676, 592.63
4,922,475.40
607. 541.01
9 784, 154.59
15 314, 171.00
4,943,557. 93 11,624, 835.83
15 330, 144.71
31 898, 538.47
490, 459.94
4,366,757.40
7,728,587.38
11
23 585, 804.72
3,975,542.95
7,065, 539:24
13 062, 316.27
24 103, 398.46
653, 095.65
3,486,071.51
6,517, 596.88
12
22 656, 764.04
3.098, 800.60
9,064, 637.47
13 296, 041.45
25 459, 479.52
641, 210.40
2,542, 843.23
9,860, 304.77
12
25 044, 358.40
1,912, 574.93
9,443, 173.29
13 229, 533.33
24 585, 281.55
864, 067.90
1,373, 748.74
14,800, 629.48
13
30 038, 446.12
772, 561.50
17,067, 747.79
16 516, 388.77
34 356, 698.06
713, 755.11
303, 796.
1,239, 746.51
22
24 257, 298.49
202, 152.
5,974, 412.21
18 425, 417. 25
24 601, 982.44
514, 950.28
57,
328.20
17
17 573, 141.56
30 868, 164.04
30 868, 164.04
21, 822.91
243, 214.24
37
37 265, 037.15
14, 996.48
5,590, 723.79
33 849, 718.08
39 455, 438.35
496, 948.73
399, 833.89
10,718, 153.53
26
37 614, 936.15
174, 598.08
3,912, 015.62
24 139, 920.11
28 226, 633.81
284, 977.55
5,315, 712.19
26 196, 840.29
31 797, 530.03
773, 549.85
7,801, 990.09
24 361, 336. 59
32 936, 876.53
256, 508.60
523, 583.91
338, 012.64
11
12 118, 105.15
1,833, 452.13
11,158, 450.71
20 650, 108.01
33 642, 010.85
895, 369. 61
$18,231.43
1,040,458.18
7,536, 349.49
21
30 490, 408.71
842, 723.27
371, 100.04
27 632, 282.90
26 418, 459.59
1,119, 214.72
5,600, 067.65
53 801, 669.37
60 520, 851.74
2,390, 765.88
13,036, 922. 54
60 655, 143.19
45 227, 454.77
82,865.81
3,565. 535.78
12,804, 478.64
56 386, 422.74
39 933, 542.61
3.782, 393,
3,656, 335.14
37 165, 990.09
44 604, 718.26
69,713.19
3,696, 760. 75
654, 912.71
48 476, 104.31
44 054, 717.66
170,063.42
4,000, 297.80
2,152, 293.05
40 389, 954.56
46 712, 608.83
420.498.64
832.74
6,412, 574.01
3, 665,
44 078, 156.35
54 577, 061.74
17,556, 896.95
3,070, 926.69
51 967, 528.42 2,877,818. "
75 473, 170.75
872,047.
464.99
6,662, 065.86
2,314,
66 316, 197.72
66 164, 775.96
385,372.90
3,614, 618.66
1,953, 822.37
66 772, 527.64
72 726, 341.57
363,572.39
3,276, 606.05
1,593. 265.23
66 041 143.70
71 274, 587.37
574,443."'
1,652, 055.67
7,505, 250.82
72 330, 437.17
82 062, 186.74
2,637, 649. 70 14,685, 043.15
66 355, 950.07
•83 678, 642. 92
3,144, 120.94
13,854; 250.00
60 056, 754.71
77 055, 125.65
4,034, 157. 30 18,737, 100.00
62 616 065.78
85 387, 313.08
96,097; 322.09
13.190, 344.84
456 379 896.81
565 667, 563.74
24,729, 700.62 181,081; 635.07
694 004 675.56
899 815, 911.25
53,685, 421.69 430,572, 014.03 ,295 541, 114.86
811 283 679.14
January 1 to June 30,1843.
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"
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864




93

Balance in
Treasury at
the end of
the year.
$973, 905.76
783, 444.51
753, 661.69
1, i5i; 924.17
516; 442. 61
995. 42
888 899.04
1,021 451.43
.617; 867. 77
2,16I; 311.99
2, 623;391. 00
3,295; 697.64
5,020; 811.60
4,825; 005. 26
4,037; 388.99
3,999; 123.80
4,538; 850.07
9,643; 809.96
9,941, 056.78
3,i
276.57
2.672; 305.80
3,502; 217.41
3,862; 542.00
5,196, 848.63
1.727; 592.88
13,106; 519.19
22,033; 465.48
14,989; 526.74
1,478 992.38
2,079; 461.21
1,198; 592.24
1,681 427.55
4,237; 922.81
9,463; 597.13
1, 946;650.43
5,201; 686.18
6,358; 286.10
6,668; 435.81
5,972, 704.79
5,755 539.75
6,014, 914. 45
4,502, 777.55
2,011, 905.31
11,702; 858.42
8,892; 803.96
26,749, 436.00
46,708 252. 69
37,327; 196.94
36,891 503.68
33,167 163.46
29,963; 111.08
28,685, 979.44
30,521 284.74
39,186, 829.62
36,742, 274.81
36,194, 959.65
38,261 276.43
33,079; 612.45
29,416; 082.69
32,827 753.31
35,871 353.25
40,158; 860.02
43.338; 901.09
50.261, 073.41
48.591 672.13
47,777, 229.80
49,108; 855.00
46,802, 334.22
35,113; 248. 60
33,193; 530.78
32,979; 857.83
30,963; 304.87
46,965; 046.13
36,523; 738.44
134,433,

94

REPORT ON T H E EINANCES.
TABLE K.—STATEMENT OF THE EXPENDITURES OF THE U N I T E D

YQar.

War.

Navy.

$1,030,690,400.06 $122,617,434.07
283j154,676.061 43,285,662.00

1865.
1866.

Indians.

Pensions.

Miscellaneous.

$5,059,360.71 $16,347,621.34 $42,989,383.10
3,295,729.32
15,605,549. ^" 40,613,114.17

3,568,638,312.28
"3,621,780.07
1867
1868
1869
1870
1871
1872
1873-------1874
1875
1876..
1877
1878-..
1879
1880
:-.
1881
1882
1883
1884
1885
1886
18871888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903

Total

716,551,816,
"77,992.17

103,369,211.42
"53,286.61

119,607,656.01
"9,737.87

643,604,554.33
"718,769.52

3,572,260,092.35
95, 224.415.63
123, 246,648.62
78, 501,990.61
- 57,655.675.40
35, 799,991.82
35, 372,157.20
46. 323,138. 31
42, 313,927.22
41, 120,645.
38, 070.888.64
37, 082,735.90
32, 154,147.85
40, 425,660. 73
38, 116,916.22
40, 466,460.55
43, 570.494.19
48, 911,382.93
39, 4.29,603.36
42, 670,578.47
34, 324,152.74
561,025.85
522,436.11
44, 435,270.85
44, 682,838 ""
48, 720,065.01
46, 895,456.30
49, 641,773.47
64, 567,929.85
51, 804,759.13
50, 830,920.89
48, 950,267,
91, 992,000.29
229, 841,254.47
134, 774,767.78
144, 615.697.20
112, 272,216.
118, 619,520.15

717,629,
56
31,034,Oil.04
25,775,502.72
20,000,757.97
21,780,229.87
19,431,027.21
21,249,809,
23,526 256.79
30,932, 7.42
21,497,626.27
18,963,309.82
14,959,935.36
17,365,301.37
15,125,126.84
13,536,984.74
15,686,671.66
15,032,046.26
15,283,437.17
17,292,601.44
16,021,079.67
13,907,887.74
15,141,126.80
16,926,437.65
21,378,809.31
22,006,206.24
26,113,896.46
29,174,138.
30,136,084.43
31,701,293.79
28.797.795.73
27.147,732.38
34,561,546.29
58,823,984.80
63,942.104.25
55,953.077.72
60,506;978.47
67,803,128.24
82,618.034.18

103,422, 498.03 119,617, 393.88
4,642; 531.77
20,936, 551.71
4, loo; 682.32 23,782. 386.78
28,476, 621.78
923.06
7.042;
28,340, 202.17
3,407 938.15
34,443, 894.88
7,426 997.44
728.82 . 28,533.402.76
7,061,
29.359, 426.86
704,
7,951,
29.038, 414.66
6,692; 462.09
29,456, 216.22
8.384; 656.82
28.257. 395.69
558.17
5.966;
27,963. 752.27
007.22
5,277;
27,137. 019.08
280.28
4,629,
35,121, 482. 39
5,206, 109,
56,777, 174.44
5,945, 457.09
50,059, 279. 62
161.09
6,514,
61,345, 193.95
747.40
9, 736,
66,012, 573.64
7.362; 590.34
55,429, 228.06
999.29
6,475
56,102, 267,
494.63
6,552,
63,404, 864.03
158.17
6,099,
75,029, 101.79
522.69
6,194,
80.288, 508.77
6.249. 307.87
87,624, 779.11
207.78
6,892.
046.67 106,935, 855.07
6,708,
469.01 124,415, 951.40
8,527,
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.
13,016, 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
10,049, 584.86 138,488; 559.73
12.935, 168.08 138,425, 646.07

644,323, 323.85
223.72
51, no; 867.67
53,009,
061.63
56,474,
53,237, 461.56
60,481, 916.23
60,984, 757.42
73,328, 110.06
85,141, 593.61
71,070, 702.98
73,599, 661.04
58,926, 532.63
58,177, 703.67
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
113,469, 323.91
124.944, 289.74

5,912.669.904.12 1,778,764.375.

402,239,043.46 , 074,852,670.09 :. 627,145,767.99
"Outstanding

NOTE.

- T h i s s t a t e m e n t is m a d e from w a r r a n t s p a i d b y t h e T r e a s u r e r u p t o J u n e 30. 1866. T h e




95

SECRETARY OF T H E TREASURY.
STATES FROM MARCH 4, 1789, TO J U N E 30, 1903,

Year.

Net ordinary expenditures. . Premiums.

Interest.

ETC.—Continued.

Public debt.

Gross expenditures.

Balance in
Treasury at
the end of
the year.

1865 $1,217,704,199.28 $1,717,900.11 $77, 395,090.30 $609,616,141.68 $1,906,433,331.37 $33, 933, 657.89
133,067, 624. l A O n 263^ 4 0 I 10 1 m l A H S I Qf^
385,954,731.43
68,476. 51 1Q3 n K 7 «Ozl Q91 620i OAQ 0249! H 1 1, QQ ,^ 344IO81! 95165,301,654.76
1866
5,152,771,550.43
"4,481,566.24
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
1892
1893
1894
1895
1896
1897.
• 1898
1899
1900
1901
1902
1903

5,157, 253,116.67
202, 947,733.87
229,915,088.11
190,496, 354.95
164, 421, 507.15
157, 583,827.58
153,201.866.19
180. 488,636.90
194. 118,985.00
171, 529,848.27
164, 857.813.36
.144, 209,963. 28
134, 463,452.15
161. 619,934.53
169, 090,062. 25
177. 142,897.
186, 904,232.
206, 248,006.29
189, 547,865.85j
208, 84:0,678.64i
191, 902,992.53
220, 190,602.72
214, 938.951.20
240, 995,131.31
261, 637,202.55
317, 825.549.37
321, 645,214.35
356,.213,562.31
339, 683,874.19
325, 217,268. ' "
316, 794,417.15
327, 983,049.09
405, 783,526.57
666, 175,254.83
447,553,458.44
477, 624,374.11
442, 082.812.82
477, 642.658.22

,611,003.56

502,689,519.27 2,374,677,103.12 8,037,749,176.
"2,888.48
" 100. 31 " 54,484,555.03 "4,484,555.03

602,692,407. 2,374, 677,203.43 8,042, 233,731.
735, 536,980.11 1,093,079, 655.
143,781,591.
692; 649,685.88 1,069,889,970.
140,424,045.
261 912,718. 31 584, 777,996.
130,694.242.
393; 254,282.13
702, 907,842.
129,235,498.
399; 503,670.65
691, 680,858.
125,576,565.
405,007.307.54
682, 525.270.
117,357,839,
233, 699,352. 58 524, 044,597.
104,750,688.
422, 065,060.23
724, 698,933.
107,119,815.
407, 377.492.48
682, 000,885.
103,093, 544.
449, 345,272.
714, 446,357.
100,243,271.
323, 965,424.05
565, 299,898.
97,124,511.
353, 676,944.90
590, 641.271.
102.500, 874.
699, 445,809.16
966, 393.692.
105; 327,949.
432, 590,280.41
700, 233.238.
2,795,320.42
95,757,575.
165, 152,335.05
425, 865,222.
1,061,248. 78 82,508,741.
271, 646.299.55
529, 627.739.
71,077.206.
590, 083,829.96
855, 491,967.
69,160,131.
260, 520,690.50
604,,646,934.
54,578,"
211, 760,353.43
471. 987,288.
51,386,256.
205, 216,709.36
447, 699,847.
60,580,145,
271 901,321.15
539. 833,501.
47,741,577.
249. 760,258.05
517, 685,059.
44,715,007.
8,270.842.46
318, 922,412.35
618, 211,390.
41,001,484,
17.292,362.65
312, 206,367.50
630, 247,078.
36,099,284.
20.304.224.06
365, 352,470.87
731, 126.376.
37,547,135.
10,401,220.61
338, 995,958.98
684, 019,289.
23,378,116,
389, 530,044.50
773, 007,998.
27,264.392,
331, 383,272.95
698, 908,552.
27.841.405.
354 276,858.93
710, 472,157.
30,978,030,
396, 190,023.35
748, 369,469.
35,386,028,
353, 180,877.50
718, 955,037.
37,791,110,
384, 219,542.00
827, 588,124.
37,585,056,
341, 149,968.98
946, 222,148.
39,896,925,
365, 582.271.25
886, 443,117.
33.147.054.81
40,160,333,
212, 620.767.78
737, 237.693.
14,649,572.95
32,342,979,
74, 006.898.00
559, 241,146.
14,043, 391.14 29,108,044,
103; 569,394.00
620, 675,620.
28,556,348,
10.907.119.82

7.611, 003.56
10,813, 349.38
7,001,151.04
1,674, 680.05
15,996, 555. 60
9,016,794. 74
6,958,266.76
5,105, 919.99
1,395.073. 55

160, 817,099.73
198, 076,537.09
158, 936.082.87
183, 781,985.76
177, 604.116.51
138, 019,122.15
134, 666, OOl. 85
159, 293,673.41
178, 833, 339.54
172,804,061.32
149, 909,377.21
.21.4,887.645.88
286, 591,453.88
386, 832,588.65
231, 940,064.44.
280, 607,668.37
275, 450, 903. 53
374, 189,081. 98
•424.941,403. 07
521, 794,026.26
526, 848,755.46
512, 851,434.36
659, 449,099.94
673, 399,118.18
691, 527, 403.76
726, 222,332.60
778, 604,339.28
738, 467,555.07
763, 565.540.75
773, 610.008.76
846, 093,349.62
864, 790,237.71
775, 751,368.11
867, 980.659.46
1,059,336.349.58
1,128;762.603.23
1,221,
,259,599.66
1,310,006,031.20

14,795,671,761.29 198,445,152.37 3,072,363,641.05 15,451.836,410.65 33.518,316,865.36
warrants.
outstanding warrants are then added, and the statement is by warrants issitecl from that date.




96

REPORT ON T H E F I N A N C E S .

TABLE L.—STATEMENT OF THE N E T DISBURSEMENTS (BY WARRANTS) DURING THE FISCAL
Y E A R ENDED J U N E 30, 1903.

CIVIL.
$5,355,245.80
13,822.312.72
7.350.740.51
261.591.08
475,919.72
761,519.78
228,677.'

Congress
Executive
,
Judiciary
Government in the Territories.,
Subtreasuries
,
Public land offices
,
Mints and assay offices
,

$28,250,007.59
FOREIGN INTERCOURSE.
Diplomatic salaries
Consular salaries.
Contingent expenses of foreign missions
Contingencies of consulates
Natipnal defense
Relief, protection, and rescuing shipwrecked American seamen
International Union of American Republics.
Determining canal route. Isthmus of Panama
Pay of consular officers for services to American vessels and seamen .
Emergencies arising in the diplomatic and consular service
International Exposition a t Paris
Canadian Commission
Spanish indemnity
Chinese indemnity
Russian indemnity
Other trust funds
Miscellaneous items

329,786.33
788,604.24
123,190.13
308.313.52
14.455.58
21,760.57
36.406.86
23,894.80
17,812.47
78,180.80
11,571.00
43.166.87
28,500.00
929,934.69
153, 902.53
71,495.13
223,546.50
3, 204,522.01

MISCELLANEOUS.
Public printing and binding
Building, Government Printing Office
Payment of judgments. Court of Claims
:..
Judgments fbr refund of duties paid in Porto Rico
Contingent expenses, Independent Treasury
Mint establishment
.".,
Assessing and collecting internal revenue
Paper for internal-revenue stamps
Redemption of internal-revenue stamps
:
Punishing violations of internal-revenue laws
Refunds, reliefs, etc., under internal-revenue laws
Allowance or drawback under internal-revenue laws
Refunding taxes illegally collected under internal-revenue laws
Rebate of tax on tobacco
,
Refunding tax on certain legacies
Refunding stamp tax on export bills of lading
.'
Refunding tax on contingent beneficial interests
•
Collecting revenue from customs
$8,468.710.19
Detection and prevention of frauds upon the customs revenue
95.364. 95
Repayment to importers excess of deposits
.Debentures and drawbacks under customs laws
Expenses of regulating immigration
Salaries, shipping service
Services to American vessels
Supplies for native inhabitants of Alaska
Enforcement of alien contract-labor laws . . :
Enforcement of Chinese-exclusion acts.
Revenue vessels
Revenue-Cutter Service
Life-Saving Service
Marine-Hospital Establishment
Light-House Establishment
Engraving and printing
Coast and Geodetic Survey
Steamboat Inspection Service
Custom-houses, post-offices, court-houses, etc
Pay of assistant custodians and janitors of public buildings
Fuel, lights, and water for public buildings .
Furniture for public buildings
:... Distinctive paper for United States securities
Expenses of national currency
Transportation and recoinage of coin
Preventing the sprea d of epidemic diseases
Suppressing counterfeiting and other crimes - -. -,
Interstate Commerce Commission
Expenses under Smithsonian Institution
National Museum
National Zoological Park
Fish Commission, general expenses
French spoliation claims
Claims allowed under Bowman and Tucker acts.
Payment of debt of Hawaii




,- -

:
,

5,374,849.47
542,560. 64
480, 539.37
437,553.89
228,283.82
1,227,542.59
4.346,139.89
73,082.60
1,360,547.99
77,256.79
89,342.96
23.073.26
133.205.40
3,886.991.14
690,615.82
5,829.94
17,827.81

8.564.075.14
4,248,535.81
5,348,308.96
655,428.42
60,779.01
20,434.97
19,686.20
106,718.89
262,274.07
205,057.17
1,441,614.26
1,746,841.19
1,356,455.87
4,537,315.67
2,782,348.50
865,215.78
436,871.50
7,679,721.24
1,085,044.49
907,984.32
270,856.35
230,998.68 "
23,992.59
319,882.16
176,553.53
98,107.57
302,972.35
147.717.85
255,037.93
101,850.00
580,751.59
557,342.13
172,285.00
187,300.04

97

SECRETARY OF T H E TREASURY.

TABLE L.—STATEMENT O F T H E N E T DISBURSEMENTS (BY WARRANTS) DURING THE FISCAL
Y E A R ENDED JUNE 30, 1903—Continued.
MISCELLANEOUS-Continued.
Refunding customs revenue collected from Porto Rico .c.
Pan-American Exposition, Niagara frontier
Louisiana Purchase Exposition, St, Louis
South Carolina Exposition
:
Anthracite Coal Strike Commission
Canal connecting the Atlantic and Pacific oceans.
Payment for property destroyed in suppressing bubonic plague, Territory of Hawaii.
Payment for improvements, Potomac River Flats
District of Columbia:
General expenses
$7,861,117.96
Water department, payable from the Avater fund
499,133.74
Special trust funds
223,786.62
Buildings and grounds in Washington under Chief Engineer
Extraordinary repairs and refurnishing Executive Mansion
Building for offices of the President.. Fuel, lights, etc., State, War, and Navy Department building
Care, maintenance, etc., of Washington Monument -.
Prevention of deposits in NCAV York Harbor
Photolithographiug 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
Reclamation fund
".
Protecting public lands, timber, etc
Repayment for lands erroneously sold
Deposits by individuals for surveying public lands
Hot Springs Reservation. Arkansas
Five, three, and t V per cent funds to States
AO
Government Hospital for the Insane
Columbia Institution for the Deaf and Dumb
HoAvard University
Expenses of the TAvelfth Census
Capitol building and grounds
Interior Department building
Colleges for agriculture ahd the mechanic arts
Deficiency in the postal revenues
Mail transportation, Pacific railroads
Department of Agriculture
Weather Bureau
Miscellaneous items

'

-:..
-.

$375,402.45
500,347.96
424,967.06
173,976.14
41,422.42
9,985.00
1,000,000.00
199,714.39

8,684,037.32
299,555.50
476,445.00
66,196.00
38,018.65
12,824.63
J80,218.64
122,524.55
157,154.29
297,998.46
300,174.02
132,629.48
237,490.00
897,866.44
89,847.83
268,617.23
192,322.90
161,644.66
203,274.73
58,735.92
156,197.22
1,119,209.38
66,291.00
42,090.87
1,345,329.45
242.090.62
60,384.84
1,200,000.00
2,768,919.20
701,648.28
4,073,235.06
1,259,121.70
396,749.34
3,483,760.14

INTERIOR DEPARTMENT.
Indians
Pensions

12,935,168.08
138,425,646.07
MILITARY ESTABLISHMENT.

Pay Department
:
Pay Department, bounty and miscellaneous
Extra pay, war Avith Spain
Commissary Department
Quartermaster's Department
Barracks and quarters, Philippine Islands
National cemeteries, roads, etc
Medical Department
Artificial limbs
Ordnance Department
Armories and arsenals
Armament of fortifications
Gun and mortar batteries
Military Academy
Fortifications, etc
Engineer school, Washington. D. C
Building. Army War College, Washington, D . C .
Improving rivers and harbors
Survey of northern and northAvestern lakes.. Military telegraph and cable lines, Alaska
Signal Service of the Army
'
Emergency fund.. .•
National defense
Construction of military posts, roads, etc
Support of Soldiers' Home
Soldiers' Home, permanent fund and interest account
State or Territorial Homes for Disabled Volunteer Soldiers
Support of National Homes for Disabled Volunteer Soldiers
Chickamauga and Chattanooga National Park


ril903:
7


28,377,928.17
237,834.93
157,191.75
5,419,793.20
28,855,641.66
1,702,281.35
264,879.68
843,256.14
476,767.85
4,814,441.51
732,686.96
3,298,194.31
1,791,782.97
490,980.17
979,265.56
103,000.00
62,500.00
19,590,082.21
160,722,08
384,007.20
343,930.86
76,187.43
192,801,69
1,761,932.09
743,139.39
352,638.37
1,031,356.43
3,938,294.04
82,226.33

161,360,814.16

98

REPORT ON T H E FINANOES.

TABLE L.—STATEMENT OF THE N E T DISBURSEMENTS (BY WARRANTS) DURING THE
FISCAL Y E A R ENDED J U N E 30, 1903—Continued.
MILITARY ESTABLISHMENT-Continued.
Shiloh National Park
$42,024.44
'Yellowstone National Park
^.
362,891.34
Vicksburg National Park
•
101,038.65
Gettysburg National Park
73,426.24
Enlargement of Governors Island .New York Harbor
60,000.00
Reimbursing States and Territories for expenses of raising troops, war
with Spain
217,852.35
Refunding to States expenses incurred in raising volunteers.'.
6,364,609.31
Bringing home remains of officers, soldiers, and others Avho die abroad.
90,993.13
Relief of distress in the Philippine Islands
3,000,000.00
Payment to State of South Carolina
89,137.86
Payment to State of Florida
692,946.00
Reliefs and reimbursements
110,642.06
Miscellaneous items
148,215.45
:

$118,619,520.15

NAVAL ESTABLISHMENT.
National defense
Emergency fund
Pay, etc., of the Navy
-----Pay, miscellaneous
Deposit fund
Contingent, Navv
Marine Corps
;
Naval Academy
1
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
1
Judgments, bounty ior destruction of enemies' vessels
General account of advances
Reimbursement of Philippine insular funds for gunboats, etc., turned
over to the Navy
Miscellaneous items
Interest on the public debt
Total net ordinary expenditures
Redemption of the public debt
Premium
Total expenditures




1,872,734.22
175,132.01
14,324,080.80
645,801.06
152,582.70
10,139.25
3,246,688.47
1,320,662.87
862,062.11
3,474,681.63
5,439,182.18
6,404,410.50
541,577.20
6,701,472.94
7,783,546.78
3,613,724.40 26,667,104.25
,37,604.09
63,669.37
17,634.10
208,819.67
64,823.58
.•

82,618,034.18
28,556,348.82
506,099,007.04
103,569,394.00
10,907,119.82.
620,575,620.86

99

SECRETARY OF THE TREASURY.

TABLE M.—STATEMENT OF THE COIN AND P A P E R CIRCULATION OF THE UNITED
STATES FROM 1860 TO 1903, INCLUSIVE, WITH AMOUNT OP CIRCULATION PER
CAPITA.

Year.

I860....
1861....
1862....
1863....
1864..-1865.-..
1866....
1867....
1.868.-.1869---1870.-.1871..-.
1872---.
1873....
1874..-1875---.
1876---1877....
1878---1879---.
1880....
1881-.-1882-.-1883..-1884....
1885....
1886....
1887---.
1888....
1889---1890-:-1891
1892....
1893--.1894.-..
1895...1896---.1897...1898...1899....
1900....
1901-..1902.-.1903....

Coin, i n c l u d - U n i t e d S t a t e s
ing bullion in
notes a n d
Total money.
Treasury.
b a n k notes.

$235,000,000
250.000.000
25,000,000
25,000,000
25,000,000
25,000,000
25,000.000
25,000,000
25,000,000
25,000,000
25,000,000
25,000,000
25,000,000
25,000,000
25,000,000
25,000,000
62,418,734
. 65.837,506
102,047,907
357.268,178
494,363,884
647,868,682
703,974,839
769,740,048
801,068.939
- 872,175.823
903,027,304
1,007,513,901
1,092,391,690
1,100,612,434
1,152,471,638
1,112,956,637
1,131,142,260
1,066.223,357
1,098,958,741
1,114,899,106
1,097,610,190
1,213,780,289
1,397,785,969
1,608.543,738
1,607,352,213
1,734,861,774
1,829,913,551
1,905,116,321

Coin, b u l l i o n ,
and paper
money in
Circulation.
Treasury, as
assets.

$207,102,477
$442,102,477
$6,695,225 $435,407,252
202,005,767
462,005,767
3,600,000
448,405,767
333,452,079
358,452,079
23,754,335
334,697,744
649,867,283
674,867,283
79,473,245
595,394,038
680,588,067
705,588,067
35,946,589
669,641,478
746,129,765
770,129,755
66,426,760
714,702,995
729,327,254
754,327,254
80,839,010
673,488,244
703,200,612
728,200, 612
66,208,543
661,992,069
691,553, 578
716,553,578
36,449,917
680,103,661
690,351,180
715,351,180
50,898,289
664,452,891
697,868,461
722,868,461
47,665,667
675,212,794
716,812,174
741,812,174
26.923,169
715,889,005
737,721,565
762,721,565
24,412,016
738,309,649
749,445,610 .
774,445,610
22,563,801- 751,881,809
781,024,781
806,024,781
29,941,750
776,083,031
773,273,509
798,273,509
44,171,662
754,101.947
738,264,650
790,683,284
63,073,896 . 727,609,388
697,216,341
763,053,847
40,738,964
722,314,883
687,743,069
789,790,976
60,658,342
729,132,634
676,372,713
1,033,640,891
216,009,098
818,631,793
691,186,443
1,185,650,327
212,168,099
973,382,228
701,723,691
1,349,592,373
235,354,254 1,114,238,119
705,423,050
1,409,397,889
236,107.470 1,174,290,419
702,754,297
1,472,494,345
242,188,649 1,230,305,696
686,180,899
1,487,249,838
243,323,869 1,243,925,969
665,257,727
1,537,433,650
244,864,935 1,292,568,615
658,380,470
1,561,407,774
308,707,249 1,252,700,625
626,898,804
1,633,412.705
316,873,562 1,317,539,143
599,049,337
1,691,441,027
319,270,157 1,372,170,870
558,059,979
1,658,672.413
278,310,764 1,380,361,649
632,651,791
1.685,123,429
255,872,159 1,429,251,270
564,837,407
1,677,794,044
180,353,337 1,497,440,707
621,076,937
1,762,219,197
150,872,010 1,601,347,187
672,685,115
1,738,808,472
142,107,227 1,596,701,245
706,120,220
1,806,078,961
144,270,253 1,660,808,708
704,460,461
1,819,359,657
217,391,084 1,601,968,473
702,364,843
1,799,976,033
293,540,067 1,506,434,966
692,216,330
1,905.996.619
265,787,100 1,640,209,519
675,788,473
2,073,574,442 • 236,714,547 1,^837,869,895
681,550,167
2,190,093,905
286,022,024 1,904,071,881
732,348,460
2,339,700,673
284,549,675 2,055,150,998
748,206,203
2,483,067,977
307,760,015 2,176,307,962
733,353,107
2,563,266,658
313,876,107 2,249,390.551
779,694,666
2,684,710,987
317,018,818 2,367,692,169

Population.

Circulation
per
capita.

31,443,321
$13.85
32,064,000
13.98
32,704,000
10.23
33,365,000
17.84
34,046,000
19.67
34,748,000
20.57
35,469,000
18.99
36,211,000
18.28
36,973,000
18.39
37,756,000
17.60
38.558.371
17.50
39.555.000
18.10
40,696,000
18.19
41,677,000
18.04
42,796,000
18.13
43,961.000
17.16
45.137,000
16.12
46,353,000
15.58
47,598,000
16.32
48,866,000
16.75
50,156,783
19.41
51,316,000
21.71
62,495,000
22.37
53,693.000
22.91
54,911.000
22.65
56,148,000
23.02
57,404,000
21.82
58,680,000
22.45
59,974.000
22.88
61,289,000
22.62
62,622,250
22.82
63,947,000
23.42
65,191,000
24.56
66,456,000
24.03
67,740,000
24.52
69,043,000
23.20
70,365,000
2L41
71,704,000
22.87
73,060,000
26.16
74,433,000 . 25.58
76,296,220
26.94
77,754,000 • 27.98
79,117,000
28.43
80,487,000
29.42

NOTE 1.—Specie payments Avere suspended from January 1, 1862. to January 1, 1879. During the
greater part of that period gold and silver coins were not in circulation except on the Pacific coast,
Avhere, it is estimated, the specie circulation Avas generally about $25,000,000. This estimated amount
is the only coin included in the aboA^e statement from 1862 to 1876, inclusive.
NOTE 2.—In 1876 subsidiary silver again came into use, and is included in this statement, beginning
with that year.
NOTE 3.—The coinage of standard silver dollars began in 1878, under the act of February 28, 1878.
NOTE 4.—Specie payments were resumed January 1, 1879, and all gold and silver coins, as Avell as
gold and silver bullion in the Treasury, are included in this statement from and after that date.
NOTE 5.—For.redemption of outstanding certificates an exact equivalent in amount of the appropriate kinds of money is held in the Treasury, and is not included in the account of money held as
assets of the Government.
NOTE 6.—This table represents the circulation of the United States as shoAvn by the revised statements of the Treasury Department for June 30 of each of the years specified.
NOTE 7.—The details of the foregoing table, shoAving the amount of each kind of money in circulation each year since 1860, are omitted, but they may be had upon application to the Secretary of the
Treasury, Division of Loans and Currency, where a circular covering information on the subject has
been prepared for distribution.




100

REPORT ON THE F I N A N C E S .

TABLE N.—STATEMENT OF UNITED STATES BONDS AND OTHER OBLIGATIONS RECEIVED
AND ISSUED BY THE OFFICE OF THE SECRETARY OF THE TREASURY FROM NOVEMBER
I, 1902, to OCTOBER 31, 1903.

Title of loan.

6/20S of 1862 (act Feb. 26, 1862)
10/40S of 1864 (act Mar. 3, 1864)
Consols of 1865 (act Mar. 3,' 1865)
Funded loan of 1881 continued at 3i per cent..
Funded loan of 1891 4^ per cent (acts July 14.
1870, and Jan. 20,1871)
Funded loan of 1891 continued at 2 per cent...
Gold certificates, series 1870 and-1871 (act Mar.
3,1863)
Gold certificates, series 1875 (act Mar.3,1865)..
Gold certificates, series 1888 (act July 12,1882)..
Gold certificates, series 1900 (act Mar. 14,1900).
Consols of 1930, 2 per cent (act Mar. 14,1900)...
Loan of 1908-18, 3-per cent (act June 13,1898)..
Funded loan of 1907, 4 per cent (acts July 14,
1870 and Jan. 20,1871)
Loan of 1926. 4 per cent (act Jan. 14.1876)
Loan of 1904, 5 per cent (act Jan. 14,1875)




Received for Received
exchange
for redempand
tion.
transfer.

Issued.

Total transactions.

$1,200
500
150
500
6,300
50,500

6,300
50,600

1,200
11,500
2,690,000
49,560,000
$99,798.100
11,306,120

$1,200
500
150
500

$52,320,000
189,179,300
11,306,120

1,200
11,500
2,590.000
101,880,000
288,977,400
42,295,440

19,683,200

• 20,218,100
17.560,550
5,950,500

69,698,000
9,264,700

20,219,300
17,560,550
5,950.500

110.135,400
35,121,100
21,165,700

154,833,370

150,867,750

296,636,770

602,236,890

101

SECRETARY OF THE TREASURY.
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 Y E A R ENDED J U N E 30, 1903.

Aggregate receipts."

Collection districts.

Alabama
Arkansas
First California
Fourth California
Colorado
Connecticut
Florida
Georgia
Hawaii.
First Illinois
Fifthlllinois
Eighth Hlinois
Thirteenth Illinois
Sixth Indiana
Seventh Indiana
Third lOAva
Fourth loAva
Kansas
Second Kentucky
Fifth Kentucky
Sixth Kentucky
Seventh Kentucky. - - -'
Eighth Kentucky
Louisiana
Maryland
Massachusetts
-First Michigan
Fourth Michigan
Minnesota
:
First Missouri
Sixth Missouri
Montana
".
Nebraska
New Hampshire
First NCAV Jersey
:
Fifth New Jersey

Expenses.

$323, 135.62
109, 322.32
2,688 237.47
381 752.84
568, 713.37
1,865, 550.10
719, 400.39
425, 591.16
40, 090.62
6,641,445.06
32,413, 033.13
10,967, 282.83
540, 694.23
9,405, 386.18
18,778, 223.90
375, 739.60
459, 748.30
311 403.23
1,636; 508.32
11,459, 053.67
3,172, 682.01
2,671 132.38
2,276, 249.93
2,890, 648.17
5,612, 791.16
3,567, 075.64
3,376, 855.77
668, 462.17
1,465, 570.62
7,970, 570.80
977, 976.33
436, 378.93
2,343, 931.26
591 026.13
378,
,"493.21
6,619, 565.77
78; 971.41
4,238, 649.74
3,683, 679.26
8,388, 551.73
6,252, 836.40
2,003, 813.92
2,182, 117.13
2,036, 423.03
2,212, 918.04
127, 450.42
16,497; 736.76
1,419, 727.78
1,202, 326.16
1,859, 542.49
392, 796.42
6,187, 460.96
3,059, 263.18
1,180, 715:66
8,462, 950.08
616, 800.33
409; 400.70
1,251, 899.45
477, 511.28
190, 158.94
2,335, 342.68
1,097, 906.83
419; 970.33
1,114, 230.78
6,662, 985.85
779, 066.16

,..

-- -

•.

NCAV Mexico

First New York
Second NCAV York
Third New York
Fourteenth NCAV York
TAventy-first NCAV Y o r k . . . . . .
TAventy-eighth NCAV York . . .
Fourth North Carolina
Fifth North Carolina
North and South Dakota
First Ohio
Tenth Ohio
Eleventh Ohio
Eighteenth Ohio. Oregon
First Pennsylvania
Ninth Pennsylvania
TAvelfth Pennsylvania
TAventy-third Pennsylvania .
South Carolina
Second Tennessee
Fifth Tennessee
Third Texas
Fourth Texas
Second Virginia
Sixth Virginia
Washington
West Virginia
First Wisconsin
Second Wisconsin
Total

,

iO. 112
.292
.035
.089
.049
.023
.028
.162
.246
.014
.005
.007
.037
.010
.005
.047
.041
.077
.060
.026
.034
.053
.052
.014
.027
.022
.011
.024
.026
.008
.052
.060
.017
.035
.046
.007
.147
.012
.022
.007
.008
.019
.022
.053
.079
.116
.010
.026
.026
.023
.059
.016
.022
.029
.018
.050
.106.
.054
.042
.095
.019
.084
.053
.036
.010
.030

121.85
31, 973.69
93, 490.25
33, 920.19
28, 096.87
42, 872.45
20, 436.97
69, 078.17
9, 864.87
92, 665.86
149, 568.92
72, 658.08
20, 005.22
90, 468.88
96, 941.31
17 636.20
18; 984.75
23 843.14
92; 849.12
301 133.05
108; 027.09
142; 463.91
118; 349.59
39, 804.98
153, 805.28
77 470.02
38; 253.95
16, 331.57
38, 393.95
63, 981.20
50, 621.56
26, 252.40
40, 563.46
20, 600.00
17, 309.91
37 680.50
11 579.52
49; 288.08
81, 635.86
59, 716.03
51 749.47
911.93
479.94
108, 437.05
176, 591.48
14 795.71
166; 996.20
36, 208.03
30, 738.52
41 990.65
23; 032.92
97, 579.67
• 67 501.13
34; 792.66
150, 102.98
30, 986.05
43, 564.82
67, 147.70
19, 895.46
18, 137.46'
43, 812.53
91, 849.23
22, 308.86
39, 897.92
62, 615.35
23, 188.59

230,740,925.22

Average
number Cost to
of persons em- [collect $1.
ployed.

4,084,83L01

1,314

" Based on reports of collectors.
NOTE.—The foregoing statement of expenses does not include salaries and expenses of internalrevenue agents, salaries of the officers and clerks in the office of the Commissioner of Internal Revenue, amounts expended in detecting and punishing violations of internal-revenue laws, cost of
paper for internal-revenue stamps, and certain miscellaneous expenses.
Amount of expenses as above stated
I
$4,084,831.01
Expenses not included in above
686,357.49
Total expenses for fiscal year ended June 30,1903
4,771,188.50


Cost to collect $1


,

-. -

-

$0.021

TABLE P.—STATEMENT OF CUSTOMS BUSINESS FOR THE FISCAL Y E A R E N D E D J U N E 30,

Alaska (Sitka), A l a s k a .
Albany, N. Y
<
Albemarle (Elizabeth City),N.C.
Alexandria, Va
Annapolis, Md
Apalachicola, Fla
Arizona (Nogales), Ariz
Aroostook (Houlton). Me
A t l a n t a , Ga
Baltimore, Md
Bangor, Me
B a r n s t a b l e , Mass
Bath, Me
Beaufort, N . C
B e a u f o r t , S. C
Belfast, Me
B o s t o n a n d C h a r l e s t o w n (Bost o n ), Mass
Brazos (Brownsville), T e x .
B r i d g e t o n , N. J . . . . :
B r i s t o l a n d W a r r e n , R. I
Brunswick, Ga
Buffalo C r e e k (Buffalo), N . Y . . . .
Burlington, Iowa.
Burlington (Trenton), N. J
Cairo, 111
Cape Vincent, N. Y
Castine, Me
Champlain (Plattsburg), N. Y . . . .
C h a r l e s t o n , S. C
Chattanooga. Tenn
Cherrystone (Cape Charles City),
Va
C h i c a g o , 111
Cincinnati. Ohio
Columbus, Ohio
C o r p u s Christi, T e x .
C o u n c i l Bluffs, loAva
C u y a h o g a (Cleveland), Ohio . . -..
DelaAvare ( W i l m i n g t o n ) , D e l




Foreign.

CoastAvise.

308

404

5

405

54

30

Foreign.

CoastAvise.

DocuEntries ments
of m e r issued
chant o vesdise:
sels.

1,832.59

1,064.
2
363
47
124
467
34
15
28
122
268
380
189
31

23,858,253.00
3,673.93
213. 67
88.10
5,129.04
888,983.87

24,030,350. 53
4,732.77
292.60
103.61
6,283. 62
897,448.66
' 52.67
4.80

47,677.04
1,680.24
729,772.46
52,381.93

48,281.61
1,808.85
731,179.78
54,044.26
.27.73

4

1,604
22
13
9

709
33
13
47

2,213
2
6
16

7
36

20
10

19
45

5
1

1,793
1,106
2
40
2
4
107 " " ' 5 5 8 '
1,327
3,617

1,516
1

1,358
16

59,831
709

1
154 " " b 4 1
1,227
3,656

5
6
26,079

562
i,595
9
20
1,601
162 " " 4 4 7 *

1,513
22
1,584
109

• 554
6
1,039
94

2,771
71
29,436
250

312

7,426

1,147
86

7,338
21

1,564
82

7,086
20

"

Expenses.
Foreign.

223
232
206
104
256
77

413
401
37,010
137
4,205
495
1,644
ie'
62
4,178 " " 5 4 6 '
172
66

9,737,027.90
1,103,374.74
102,483.44
63,152.13
10.535.23
. 1.083.262.51
11,210.37

30.00
9,751,644.72
. 1,106,010.09
102,573.70
66,430.03
10,537.23
1,088,609.32
11,941.11

Domestic.

. $23,495

$1,688,633

7,897

1,913.61
124.461.66
38,196.96
23,557.02
5,417,360.70
227,295.72
729.43
24,291.13
13. 01
761.41
2,738.80

21
48

7,526

$53,784. 61
303,451.36

1,559. 66
123,805.70
36,057.64
20,173.82
5,290,306.83
226,353.84
518. 26
23,847.78
3.51
407.85
2,482.40

33
38

160

Aggregate receipts.

6
.3,140
1,608
90
12,617 ""i,"498*
136
12,246
473
53
230
85
223
'
1
34
5
161
47

3,314
1,401

789
21
17
36

•

Duties a n d
tonnage tax.

$60,960.74
303,950.64
87.00
1,905.06

395

255

o

V a l u e of e x p o r t s .

Vessels e n t e r e d . Vessels c l e a r e d .
Districts a n d ports.

1903.

251,228
4,526,491

47.127
94,215

81,657,370
• 5,278,724
5,040
1,757
181,794
14,700

691;888
47,925

.

87,434,556
149,294

499,775

8,595 i99
18,085,196

20,789
388
805,787

140,890
8,776
8,533,389
4,620,930

194,632

4,356,401

36,140

7,937,615

1,342

3.473,282
5,033,151

Average
n u m - Cost t o
b e r o f collect
persons
$1.
employed
$0.998
.046
20.353
.753

$60,814.62
13,846.71
1.770. 67
1,435.30
. 1,227. 70
3.613.63
29,553.48
18.097.10
2,845.93
281.579.25
20.998.22
4.107.16
7,182.45
1.775.12
3; 585.32
2,985.45

34
8
2
• 2
3
4
28
15
2
183
17
7
6
2
4
6

757,171.31
31.991.11
1,437.48
264.15
6,278.77
59; 248. 00
441.80
162.00
353.00
14,919.50
4,542.55
42,367.87
11,700.83
388.70

607
26
5
2
5
44
1
2
1
13
6
33
11
2

.032
6.759
4.913
2.453
.999
.066
8.388
33.750

956.80
190,454.70
36,063.98
8,245.64
33,232.61
262.00
39,013.47
8,818.85

3
140
23
5
25
2
31
11

31.893
.020
.033
• .080
.500
.025
.036
.739

1.836
.237
.474
.121
.052
.092
5.631
.296
136.443
4.709
1.090

.309
2.511
.058
.217
14.017

Denver, Colo
Des Moines, loAva
Detroit, Mich
: —
Dubuque, Iowa
Duluth, Minn
Dunkirk, N . Y . . .
Eastern (Crisfield), Md
EdgartOAvn, Mass
Erie, Pa
Evansville, I n d
Fairfield (Bridgeport), Conn . . . . .
Fall River, Mass
'....
Fernandina, Fla
Frenchmans Bay (Ellsworth), Me.
Galena, 111
Galveston, Tex
Genesee (Rochester),N.Y
GeorgetOAvn, D.C
GeorgetoAvn, S. C
Gloucester, Mass
Grand Rapids, Mich
Great Egg Harbor (Somers Point),
N..J.
Hartford, Conn
HaAvaii
Humboldt (Eureka), Cd;l
Huron (Port Huron), M i c h . . .
Indianapolis, Ind.
Kansas City, Mo
Kennebunk, Me
Key West, Fla
Knoxville, Tenn
La Crosse, Wis
Lincoln, Nebr
Little Egg Harbor (Tuckerton),
N.J
Los Angeles, Cal
Louisville, Ky
,
Machias, Me . .
Marblehead, Mass
Memphis, Tenn
Memphremagog (NeAvport), V t . . .
Miami (Toledo), Ohio
Michigan (Grand Haven), Mich..
Milwaukee, Wis
Minnesota (St. Paul), Minn
Mobile, Ala
—
Montana a n d l d a h o (Great Falls),
Mont
Nantucket, Mass
Nashville, Tenn
Natchez, Miss




2,384

2,457
""356"

3,220
53

2,925

"'282'

3,297
61

1,311
770
313
254
954
10
1
118

55
26
104

7
663
208
444
67
27

439
954
1
2
108

781
672
7
779
208
1
54
31

212
21,614
239
904
18
2
141
104
453
129
7
31
1,434
2,062
1,417
769
879

278
22
501
12
737
57
161
132
319
168
59
260
3
266
15
94
46
589

168,226.57
34,774.53
1,267,677.32
20,409. 60
35,738.30
1,812.20
396. 59
64,413.77
•42,711.44
185,632. 74
39,466. 63
1,899.46
654.73
424,044.05
399,128.39
136,791.96
4,942.29
93,022.95

171,508.28
34,802.23
1,27-2,555.58
20,489.78
39,621.51
1,854.97
7.40
634.64
55,454.59
42,743.43
186,528.21
39,629.67
2,710.55
982.37
.70
449,509.00
402.290.42
138,260. 63
32.27
7,611.24
93,062.73

7,160.21

1
207
• 22
1,642

284
362
143
1,743

10
110
32
1,647

267
443
16
1,850

2
500

2
516

1,464
4,716
2
8,013
715
1,428
3,209
14

15
14
289

1,890.84
239,455.15
1,193,677.83
1,491.64
388,721.44
163,553.42
252,746.19
6.47
434,030.72
3,583.55
13.80
7,160.21

313,926.67
341,346.97
644.58
6,046.16
33,399.49
343,111. 32
134,071.26
4,890.06
637,726.26
868,231.38
43,888.00

314,515.92
342,143.69
1,212.44
6,260.96
33.483.59
347,222.59
135,571.73
5,132.42
641,326.85
873,692.49
51,863.12

67,491.76

166
128
202
45
283

69,760.02
15.70
16,043.69

1,801.54
236,766.23
. 152,331.62
,
I,356.64
381,807.11
163,170.99
251,496.44
. .47
417,649.68
3,681.76

50

266
239
50
45
347
649

2,206
8,744
13,897
132

266
281
26
38
347

2,180
8,785
13,943

1,328
1,370
35
40
207
24,151
950
13
3,753
4,621
1,065

30
73
75
252
73
121
79
265
424
48
204

669

'ii9'

38
"i5,"978."29'

101,715

20,249,433

9,880

2,385,036

72,837
2,008
3,092,315
975,464

----

103,145,623
1,174,450
17,083

447

6,540
37,107

16,282
27,029.
497,810
11,606,613
3,168

682
10,276

13,842
683,161
% 835

1,885,939
785,724
28,258
" 437,787
690,747
12,618,443

1,300

257,652

9,474.53
1,307.07
83.476.68
431.40
15,349.74
1,222.35
2,824. 20
2.538.18
6,366.76
2,678.44
10,870.32
4,835.01
2,-517.98
3,827.49
378.05
53,726.83
20,725.41
14,018.85
485.42
18,489.65
6,531.52

7 . .056
.038
2
.066
66
.021
2
.387
13
.659
2
2 381. 649
4.747
4
.115
4
.063
2
.058
8
.122
3
.929
3
3.896
0
1 540.071
.120
39
.052
15.
.101
9
15.042
2
2.429
14
.070
3

2.045.19
12,112.62
106,719.90
2,874.18
58,611.58
11,064.70
15,820.12
114.32
32.600.69
563.01
362.00
1,744.67

3
6
77
1
52
6
8
2
26
1
2
2

1.082
.051
.089
1.927
.151
.068
.063
17.669
.075
.167
26.232
.244

330.30
17,947.66
16,186.79
4,290.43
2,292.65
4,787.78
44.916.13
9,166.41
8,886.69
20,836.16
47,333.65
18,762.72

2
12
9
5
3
3
39
7
14
22
34
16

.057
.047
3.539
.366
.143
.129
.068
1.731
.032
.054
.362

31,122.18
366.20
• 2,571.68
500.90

18
1
2
1

.521
23.325
.160

TABLE P.—STATEMENT

OF CUSTOMS BUSINESS FOR THE FISCAL Y E A R E N D E D J U N E 30, 1903—Continued.
Value of exports.

Vessels entered. Vessels cleared.
Districts a n d ports.

NcAvark. N. J
>NeAV Bedford, Mass
NcAvburyport, Mass
NCAV Haven, Conn
NCAV London, Conn
-..
NCAV Orleans, La
. NcAVTort. R. I
NcAvport News, Va
NewYork, N . Y
Niagara (Niagara Falls), N.Y
Norfolk and Portsmouth (Norfolk). Va
North and South Dakota (Pembina). N. Dak
Omaha. Nebr
'..;
Oregon (Astoria), Oreg
OsAvegatchie (Ogdensburg), N.Y,
OsAvego, N. Y
,-.,
Paducah. Ky
...-'...
Pamlico (NcAvbern), N. C
Paso del Norte (El Paso), T e x . . . .
Passamaquoddy (Eastport),Me..
Patchogue, N. Y
Pearl River (Shieidsboro), Miss..
Pensacola, Pla
Peoria, 111
Perth Amboy, N . J Petersburg, Va
w
Philadelphia, Pa
i...
Pittsburg, Pa
Plymouth, Mass
Port Jefferson. N. Y
Portland and Falmouth (Portland) , Me
Porto Rico
Portsmouth, N. H
Providence, R. I
Puget Sound (Port Townsend),
Wash
Richmond, Va




Foreign.

Entries Docu,of mer- ments
Coast- chan- issued
to vesdise.
Avise.
sels.

Duties and
tonnage t a x .

Aggregate receipts.

1,527
169
3
566
• 34
12,998
271
5,842
520, 958
27,256

147
126
21
304
171
329
143
391
5,208
42

$128,966.41
141,188.44
725.20
240,307.43
1.106.26
8, 640,671.18
48,857.63
1,114,581.34
181,274,301.56
362,809.85

$606,771
$131,768.67
148,878.03
764.20
241,223.52
1,278.83
2,016,289
8,670,585.07
49,062.38
1,120,468. 76
24,423
182,774,815.67 12,955,245
1,160,310
373,865.26

592

26,040.55

30,717.11

74,994.78
98,166.45
14,098.73
328,624.96
76,366.79

75,596.81
98,461.40
14,996.55
331,801.09
76,594.29

240,505. 94
104,942.43

1,324.50
252,736.10
108,545.36

CoastAvise.

Foreign.

106
68
3
79
-8
1,015
26
119
4,111
768

26
75
1
780
16
369
3
596
3,424
732

60
67
8
41
26
1,124
8
295
3,776
766

767
6
232
20
90
3,351
734

35

2,286

649

1,967

135

749

3,990
563
18
8,229
441

102
985
1,018

286

19
832
1,048

'253'

"is'
849
240

83
188

134

296
435

1,018
4,613
1,842

55
94
65

39

112

'i,"io3' 'i,*i9i'

471
416
34
153

76

69

49
35
72
251
195
366
393
220
9
504
7
1,147
173
9
65

'i,"i6i'

34,117
2,736

390
390
32
90

449
2,219
12
361

1,934
4,408
40
1,793

353
80
57
191

726 2,192
878 I
2

623
875

12,405
283

1,290
110

428
2,225
4
•774

"i,"02i'

6,770. 62
205,718. 94
18,317.55
58,631.98
324,031.86
22,880,004.39
740,647.42
752.56
257,298.55
827,381.12
7,959.47
331,691.76
998,111. 58
124,322.61

Expenses.
Foreign.

Domestic.

$139,478
42,853
2,954
31,648
147,056,230
25,483,968
492,874,449
8,950,859

AA'-erage
num- Cost to
ber of collect
persons
$1. •
employed.

6
$10,906.52
6
8,623.80
2
587.00
7
9,635.58
5
4,911.44
207
250„376.75
4
4,007.71
45
52,786.68
; 350,801.12 2,646
,
51
63,706.53

$0.083
.058
.768
.040
3.841
.029
.082
.047
.018
.170

8,757,499
49,784
156

13,198.04

12,296,597

22,840.01
9,142..90
12.296.09
30,811.34'
14.655.10
463.85
5,891.50
53,440.15
24,166.84
549.20
9,177.84
15,855. 69
979.18
10,637.68
11,333.80
561,960.64
19,860.70
1,455.10

16
5
13
26
12
2
5
38
21
2
6
13
2
' 6
7
522
12
2
2

58,577.40
56,001.55
• 4,983.10
22,614.89

36
65
5
16

.215
.007
.060
.602

122, 481.12
'8,238.86

88
6

.119
.067

89,484
23,040

121,971
4,493,553
1,990,673

594,551
60,067

7,593,875
972,637

7,914.93
1,000
208,921.96
18,433.58
61,353.78 "i,'902,"89i'
327,815. 92
22,973,897.43 "'iso,'565'
741,927.95
786.06

2,549,635
13,744, 544
179,932
"73,'38i,"463"

16,282,990
3, 957,497

272,343.19
839,298.25
8,275.97
336,104.00

1,183
80,387
1,691

129.185

1,027,774.04
123,386.90

89,461
2,385

32,410,367

.430
.302.093
.820
.093
.191
4.448
.211
1.160
-.076
.053
.173
.035
. 024
.027
1.851

R o c k I s l a n d , 111
Saco, Me
Sag Harbor, N . Y
St. A u g u s t i n e , F l a
St. J o h n s ( J a c k s o n v i l l e ) , F l a
St. J o s e p h , M o
St. L o u i s , M o
St. M a r k s (Cedar K e y s ) , F l a
'..
St. M a r y s . G a
S a l e m a n d B e v e r l y ( S a l e m ) . Mass
Saluria (Eagle Pass), T e x
,
S a n Diego, Cal
Sandusky, Ohio
S a n F r a n c i s c o , Cal
S a v a n n a h . Ga
S i o u x City, loAA^a
S o u t h e r n O r e g o n (Coos B a y ) , O r e g .
Springfield. Mass
Stonington, Conn
Superior (Marquette). Mich
S y r a c u s e , N.' Y ,
Tampa, Fla
Tappahannock, Va
Teche (Brashear), La
Vermont (Burlington). Vt
V i c k s b u r g , Miss
Waldoboro. Me
Wheeling. W . V a
W i l l a m e t t e ( P o r t l a n d ) . Oreg . . . . .
Wilmington, N . C
Wiscasset, M e
Y a q u i n a , Oreg
York, Me
:
Total.

2
1
479

1
55

"486'

90

10
44
107
2,006
446
567

220
305
603
5,612

15

132
491
606
157

31
113
515
578
247

50
85
12
2,014
840
478

44
2,973
337
260
33,707
230
121

"""s

151
28

331
268
107

7,829

163

13
2,441

6
,170

2
213

133
80
17

221
71
60
27

145
1

29
36,687

16
1,942
1,774
4,521

105
1

"i29
297
101

90,986

55.45
1,362.45
• 23,971.08
37,235.12
89,669.75
2,030,194.23
236.91
.1.94
4,789. 75
74,655.42
73,027.23
2,304.28
7,793,600.90
101,473. 00
11,784.25

52

1
10
2,575

143
21
221
46
129
3
213
65
12
82
61
16

89,400 1,031,807

109
197
163
250
243
18
46
412
180
125
96
98
4
5
32,831

45,090.27
2,633. 90
92,437.10
73,040.12
1,294,853.23
2.14
1,046,645. 53
871.80
815,066.05
3,093.25
492.26

22.08
87.35
390.75
134.98
406.70
890.67
054.62
300.05
2.44
5, 308.96
78, 990.54
73, 967.89
2, 359.28
7,850, 705.35
106, 305.13
11, 842. 51
10.00
• . 45, 213.90
2, 717.12
92, 974.40
73, 878.36
1,301, 986. 36
109.21
1,051,245.99
26.20
4,026.75
880. 56
820,844.25
4,760.43
966.94

5.19

287,784,499.56

381,551
8.484
6,280

5,033,599
162,713
199,189
32,867,244
54,140,882
20,364
4.745
8.332,864
1,639,302
7,284
8,607,576

300

2,443
10,796,373
14,966,754
1,000

5.19

285,431,817.07

227,004

1,392,231,302

775.14
482.26
863.76
• 2,333.28
5,517.84
6,717.75
56,873.45
1,523.59
581.90
6,117.19
43,607.59
16,871.45
4,377. 55
468,935.0413,868.10
880.91
1,308.92
4, 619.39
1,067.21
29,933.60
8,863.87
37,425.53
751.44
3,036.43
70,690.08
547.55
7,459.87
1,529. 90
56,181.98
6,720.12
3,388.96
1,033.83
235. 87
152,596.95

2
2

•

35.106
5.521
.621
.097
2
.144
3
.075
3
.027
.1
4
5.078
2
1 238.483
1.152
6
.552
33
.228
14
1.855
9
.060
308
.132
9
.074
2
2 130.892
.102
3
.393
3
.322
34
.120
5
.029
27
3

2
3 ' "27." 804
.067
64
1 20.899
1.853
7
1.737
2
.068
39
1.412
5
3.506
3
2
1 ' "45." 447
6,358

CPf
O

O

>
d

8,152,596. 95
311,961.19

A m o u n t of e x p e n s e s r e p o r t e d b y c o l l e c t o r s , as a b o v e .
Expenses not included in above
:
Total
Cost t o c o l l e c t $1




,

8,464,558.14
0.0339-t-

O




APPENDIX TO THE REPORT ON THE FIMNCES.




107




REPORTS O F HEADS O F BUREAUS.
REPOET OF THE TREASURER.

TREASURY DEPARTMENT,
O F F I C E OF THE TREASURER,

. Washington., October 1%, 1903.
SIR: The transactions of the Treasury during the past fiscal year
and its condition June 30, 1903, are presented in the annexed tables:
REVENUES AND EXPENDITUEES FOR 1902 AND 1903.
Account.

1902.

1903.

Increase.

Decrease.

BEVENUES.

Customs
Internal revenue
Lands
Miscellaneous'

$254,444,708.19
271,880,122.10
4,144,122.78
32,009,280.14

$284,479,581.81 $30,034,873.62
230,810,124.17
4,782,188.44
8,926,311.22
4,171,377.06
36,180,657.20

$41,069,997.93

Total
' Net
. . .

562,478,233.21

560,396,674.40

38,988,439.12

41,069,997.93
2,081,558.81

28,012,620.16
8,536,348.68
13,328,329.16
64,808,006.95
2, 765,734.01
6,018,285.05
112,272,216.08
67,803,128.24
10,049, 584.86
138,488,559.73
29,108,044.82

34,473.84
28,637,769.65
10,603.813.60
13,069,054.02
62,410,921.48
3,204,522.01
. 6,983,735.14
118,619,520.15
82,618,034.18
12,935,168.08
138,425,646.07
28,666,348.82

34,473.84
625,149.49
2,067,465.02

471,190,857.64

506,099,007.04

91,287,375. 57

54,297,667.36

EXPENDITURES.

Commerce and labor
Customs
.
Internal revenue
Interior civil
Treasury proper
Diplomatic
Judiciary.
War Department
Navy Department
,.
Indians
•
Pensions
. .
Interest
Total
Net
Surplus

7,602,914. 53
438,788.00
965,450; 09
6,347,304.07
14,814,905.94
2,885,583.22

259,276.14

62,913. 66
551,696.00
35. 782.034.20
34,908,-149.40

873,884.80
36,989,708.21

In customs an increase over the preceding year took place of
$30,034,873.62; in receipts from lands of $4,782,188.44, and from
miscellaneous sources of $4,171,377.06. The internal revenue responding to legislation for that purpose was reduced by $41,069,997.93.
The result is a net decrease in the revenues of $2,081,558.81. On the
other hand, as compared wdth the fiscal year 1902, the expenditures
increased $34,908,149.40. Of this sum the War Department laid out
$6,347,304.07, and the Treasury proper, $7,602,914.53. Increase
appears also in every item other than interior civil, pensions, and
interest. Commerce and Labor spent $34,473.84. Customs cost
$625,149.49 more; internal revenue $2,067,465.02 more; diplomatic



109

110

REPORT

OlSr T H E

FIKANOES.

service $438,788 more; Judiciary $965,450.09 more; the Navy Department $14,814,905.94 more; and Indians $2,885,583.22 more than in the
twelve months before. For interior civil the outlay was $259,275.14
less; for pensions $62,913.66 less; and interest $551,696 less than for
1902. The balance between the two years presents an excess of expenditures of $34,908,149.40, a reduction in surplus of $36,989,708.21.
This leaA^es the surplus for 1903, $54,297,667.36.
The only month in the past fiscal year in which a deficiency was
created was July, 1902, and it amounted to $7,507,876.49. The month
in which the surplus was largest was June, 1903, when it was
$13 764.316.23.
TRANSACTIONS IN THE PUBLIC DEBT.

By the subjoined table it will be seen that the transactions were
greater by $149,867,570.50 in receipts and $121,248,746.50 in disbursements in 1903 than in the preceding year. The increase in receipts
covers every item except the fund for national bank notes, and in disbursements all except fractional currency and Treasury notes of 1890,
both in process of withdrawal. The increase in bonds is due to
exchange of loan of 1908-1918 and the loan of 1907 for the consols
of 1930. From the latter transactions is derived the premium on
those securities. The aggregate disbursements show an increase of
$118,112,475.18 over the preceding twelve months. The item of bonds
is magnified by the purchases for the sinking fund, as well as by the
exchange.
1902.

Account.

1903.

Increase.

.Decrease.

RECEIPTS.

United States bonds
United states notes
National-bank notes
Gold certificates.
Silver certificates

..

Total
Net
Premium on consols of 1930

$2,370.00
101,620,000.00
32,735,434.50
129,880,000.00
236,608,000.00

$74,204,450.00 $74,202,080.00
109,600,000.00
8,080,000.00
24,270,925.00
168,430,000.00
38,550,000.00
273,008.000.00 37,600,000.00

499,646,804.60

649,613,375.00
1,484,048.00

158,332,080.00
149,867,570.50

$8,464.509.50

8.464,609.50

650,997,423.00

Afferreffate
DISBURSEMENTS.

United States bonds
Fractional currency
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates

Premium on bonds purchased
Premium on bonds exchanged ..,.
Aggregate

90,809,160.00
2,083.00
109,600,000.00
10.757,000.00
• 26,272,086.00
106,902,220.00
262,299,000.00

484,392,792.60

605,641,539.00

15,253,012.00

43,872,836.00

14,043,391.14

6,202,047.92
4,705.071.90

498,436,183.64

Total
Net
Excess of receipts

66,220,830.00
3,088.00
101,620,000.00
17,783,000.00
20,086,274.50
72,255,600.00
216,626,000.00

616,548,658.82

34,588,320.00
8,080,000.00
6,186,811.50
33,646,620.00
45,774,000.00
128,275.751.60
121,248,746.50
28,618,824.00

1,005.00
7,026,000.00

7,027,005. 00

118,112,476,18

ORDINARY AND DEBT TRANSACTIONS COMBINED.

From the two foregoing tables, brought together, there is exhibited
a net increase in receipts of $149,270,059.69, and an increase in disbursements of $153,020,624.58. On the total there is an excess of

expenditures of $3,750,564.89.


Ill

TEEASUREB.
Account.

1902.

1903.

Increase.

Decrease.

RECEIPTS.

Ordinary
Debt

•.

$562,478,233.21
499,645,804.50

Total
Net

$560,396,674.40
650.997,423.00 $151,351,618.50

1,062,124,037.71 1,211,394,097.40

151,351,618.50
149,270.059.69

$2,081,658.81
2,081,558.81

DISBURSEMENTS.

Ordinary
Debt

471,190,857.64
498,436,183.64

34.908,149.40
118.112,475.18

969,627,041.28

1,122,647,665.86

153,020,624.58

92,496,996.43

Total
Excess of receipts
Excess of expenditures

' 506,099,007.04
616,548,658.82

88,747,431.54

3,750,664.89

FIRST QUARTERS OF 1 9 0 3 AND 1 9 0 4 .

For the first quarter of the fiscal year the figures set forth the following comparison (the figures for 1904 are preliminary):
Account.

1903.

1904.

Increase.

Decrease.

REVENUES.

Customs
Internal revenue
Public lands
Miscellaneous

$78,495,669.88
59,826,862.99
2,117,833.07
8,276,630.68

$71,903,296.32
60,447,458.87
2,209,794.15
8,873,523.04

$620,605.88
91,961.08
596,992.36

Total

148,716,776.62

143,434,072.38

1,309,659.32

31,085,086.95
35,676,811.24
20,706,338.33
3,697,461.48
36,324,131.09
10,031,185.28

33,421,514.96
34,742,518.75
23,664,221.66
2,873,024.96
37,670,650.61
6,471,766.34

2,336,428.01

137,421,004.37

137,843,697.28

6,640,830.86

$6,592,263.56

6,592,263.56

EXPENDITURES.

Civil a.nd miscell a.n pons . , . , . . .
War
Navy
Interior—Indians
;
Interior—pensions
Interest on the public debt
Total

2,957,883.33
1,346,619.52

934,292.49
724,426.62
4,559,418.94
6,218,137.95

For these months, in the revenues an increase is shown in all items
except customs. The decrease there creates a net falling off of
$5,282,704.24. In the disbursements for the quarter, a decrease
appears in war, in Indians, and in interest on the public debt, the
latter amounting to $4,559,418.94. An advance is reported in the
outlay for civil and miscellaneous, for Navy, and for pensions. On
the whole, the expenditures for the first three months of 1904 exceed
those for the same months in 1903 by $422,692.91. For these reasons, the surplus for the recent quarter is $5,705,397.15 less than for
the like period the year before.
THE RESERVE AND TRUST FUNDS.

The reserve fund has been kept always fixed by the exchange for
gold every day of the United States notes and Treasury notes redeemed
in gold. These transactions were in United States notes $7,154,718,
being $10,327,872 less than for the twelve months before, and in
Treasury notes $1,112,527, a reduction of $162,063.
At the end of the fiscal year, from the revised-figures, the respective
funds were:



112

-

REPORT ON T H E F I N A N C E S .
RESERVE FUND.

Gold coin and bullion in division of redemption
TRUST

$150,000,000

FUNDS.

[Held for the redemption of the notes and certificates for which they are respectively pledged.]
DIVISION OF REDEMPTION.

Gold coin

DIVISION OF ISSUE.

: . . $409,119, 869

Silver dollars

464, 706,000

Silver dollars of 1890
Silver bullion of 1890

3,406,443
15, 836,557

Total

Gold certificates outstanding
$409,119,869
Silver certificates outstanding
464,706,000
ITreasury notes outstand/ ing
19,243,000
Total

893,068,869

893,068,869

On October 1, 1903, the reserve and trust funds became:
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 ISSUE.

DIVISION OF R E D E M P T I O N .

Gold coiu

$420,487, 869

Silver dollars

464, 715,000

Silver dollars of 1890
Silver bullion of 1890
Total

2,515,041
14,982,959

Gold certificates outstanding
$420,487,869
Silver certificates outstanding
464,715,000
\Treasury notes outstand/ ing.*.
17,498,000

902,700,869
GENERAL

FtlND—CASH

Total
IN THE

902,700,869
VAULTS.

During the fiscal year 1903 the changes in gold and in certificates
representing it in the vaults nearly offset each. The metal increased
by $8,712,709.46, while the certificates were less by $8,351,770. The
variation in the holding of silver dollars is a reduction of $87,865.
That in Treasury notes is $30,872. A gain of $2,53^649 appears in
silver certificates, while there is a falling off of $1,026 593.87 in silver
bullion. United States notes are more by $43,155. The national-bank
notes on hand are greater by $2,478,366.28. In subsidiary silver coin
the reduction reaches $2,154,660.62, and in minor coin |$24,604.76. In
fractional currency the vaults held $794.90 more than ^ year before.
Deposits in national banks to general account received an addition
of $22,833,524.17, and those to the credit of disbursing officers of
$1,026,018.76. Anewitem is presented intheamountM $4,122,463.61
to the credit of United States disbursing officers in the treasury of the
Philippine Islands. The bonds and interest awaitingi reimbursement
were $29,554.74 more than at the close of 1902. The aggregate presents an excess of $30,103,869.67 over that for the preceding fiscal year.
Against the funds on hand liabilities outstanding aniounted June 30
last to $3,605,116.60 more than at the corresponding date of 1902.



113

TREASURER.

Thus the available cash balance at the end of 1903 exceeded that twelve
months before by $26,498,753.07.
By October 1,1903, the available cash balance rose to $239,417,184.22,
an increase of $18,163,790.10 as compared with twelve months before,
but for the quarter only the increase was $731,069.99.
The deposits in national banks, including those of disbursing officers, amounted to $161,778,285.68, an increase during the quarter of
$13,935,675.16.
The details follow:
GENERAL F U N D — C A S H IN THE VAULTS.

,

•

[From revised statements.]
Kind.
Gold coin and bullion..
Gold certificates
standard silver dollars.
Silver certificates
Silver bullion
United States notes
Treasury notes of 1890..
National-banknotes . . .
Subsidiary silver coin..
Practional currency
Minor coin

June 30, 1902.

June 30, 1903.

Oct. 1, 1903.

$63,588,210.97 $72,300, 920.43
40,213,080.00
31,861, 310.00
17,390,851.00
17,302. 986.00.
7,439,338.00
9,972, 987.00
3.132,596.09
2,106. 002.22
12,432, 449.00
12,389.294.00
166, 352.00
197,224.00
13,673, 941.23
11,195,574.95
.18
9,307,
11,462,633.80
941.. 73
146.83
799.78
919,404.64
167.928,254.18

Total .
In National-bank depositaries:
To credit of the Treasurer of the United States..
To credit of disbursing officers
,.:...

$84,323, 847.50
26,390, 210.00
15,212, 497.00
6,192, 784.00
1,646, 131.32
10,302, 247.00
162, 792.00
16,620, 836.69
7,968, 266.42
83.64
406, 642.99

170,020.562.67

168.016,338. 56

117,393,611.08 140,227,135.25
7,615,475.27
6,589,456.51

153,264,807.99
8,513,477.69

Total
123,983,067.69
In treasury of Philippine Islands: To credit of United
States disbursing officers
Awaiting reimbursement, bonds and interest paid ...
16,564.79

147,842,610.62

161,778,285.68

4,122,463.61
46,119.53

3,609,366. 53
1,116,969.49

^Cotal

123,999,632.38

152,Oil,193. 66

166,604,621.70

Aggregate.

291.927,886.66

322,031,756.23

334,520,960.26

13,851,846.04
3,561,165.48
44,899,648.10
9,743,543.62
7,684,322.16

14,880,938.11
3,431,921.91
49,148,953.68
8,810,511.41
7,073.316.89

14,702.627.67
9,160,626.26
63,327,320.92
6,249,356.48
1,663,945.71

Liabilities:
National-bank 6. per cent fund
Outstanding checks and warrants .
Disbursing officers' balances
Post-Office Department account....
Miscellaneous items

79.740,525.40

Total
Available cash balance.

83,346,642.00

96,103,776.04

212,187,361.16

238,686,114.23

236,417,184.22

NET AVAILABLE CASH BALANCE.

Again the fiscal year shows a marked advance in the available cash
balance. For 1903 the amount was $388,686,114.23, and this was
$26,498,753.07 more than at the close of the preceding year. Since
1890 this balance, has been more than doubled, rising from
$179,259,837.18. In this balance the reserve fund is included at
:$150,000,000 since 1900, and at $100,000,000 in the years cited before
:that date.
Of the total balance June 30 the national banks held in general
.account $140,227,135.25. Subsidiary silver coin, bullion, and minor
coin stand for $12,308,575.18. The national-bank notes on hand may
be set off against the 5 per cent fund. With these deductions and
without including the reserve, the actual funds in the Treasury are
shown to be $86,150,403.80.
 0 3
ril9
-8


114

REPORT ON T H E F I N A N C E S .

As a working balance of $50,000,000 is deemed fair and prudent
there remained an excess of $36,150,403. This was available.for payment toward the sum of $40,000,000 for the Panama Canal,.if the
treaty with Colombia had been perfected.
Gold in the form of metal and certificates constituted $104,162,230.43
of the available cash June 30 last, an increase of $360,939.46 in twelve
months.
AVAILABLE

CASH BALAIICE (INCLUDING THE RESERVE F U N D ) , FROM THE R E V I S E D
STATEMENTS, ON THE DATES NAMED.
Available cash balance.
Date.

luly 1—
1890
1891
1892
1893
1894
1896
1896
1897
1898
1899
1900
1901
1902
1903
Oct. 1, 1903.

Reserve fund.

-

..

....

:...

-

-

Balance.

Total.

$100,000,000 $79,259,837.18 $179,259,837.18
100,000,000 56,847,826.49 156,847,826.49
100,000,000 29,182,494.70 129,182,494.70
124,824,804.94
100,000,000 24.824.804.94
100,000,000
18.886.988.16
118,885,988.16
100,000,000 96.348.193.17
196,348,193.17
100,000,000 169,637,307.07
269.637,307.07
100,000,000 144,466,201.95 244,466,201.95
100,000,000 109,282,643.13 209,282,643.13
100,000,000 184,488,516.20 284,488,516.20
150,000,000 156,827,605.37
306,827,605.37
150,000,000 178,406,798.13 328,406,798.13
160,000.000 212,187,361.16 362,187,361.16
150,000,000 238,686,114.23 388,686,114.23
160,000,000 239,417,184.22 389,417,184.22

WITHDRAWAL OF TREASURY NOTES.

The process of the withdrawal of Treasury notes under the act of
March 14, 1900, is here recorded, showing the substitution of silver
certificates for such notes as fast as the bullion purchased under -the
law of 1890 was coined into standard dollars and other Treasury notes
were canceled on the coinage of subsidiary silver.
Mar. 14,1900. July 1.1900.

July 1,1901.

July 1,1902.

July 1,1903.

Treasurynotes
Silver certificates.,

$86,770,000
408,447,504

$76,027,000
416,015,000

$47,783,000
435,014,000

$30,000,000
453,997,000

$19.243.000
464,706,000

Total...:
Subsidiary coinage «.

495,217,504

492,042,000
1,655.882

482,797,000
7,266,972

483,997.000
11.191,387

483,949,000
12,833,542

a Bullion purchased under the act of July 14, 1890. used in the coinage of subsidiary silver (act
March 14, 1900, section 8, from March to July 1. 1903).

BONDS BOUGHT FOR THE SINKING FUND.

Under an offer made by the Secretary of theTreasury September 26
to buy bonds of the loan of 1904 at 105 if presented before October
15, 1902, purchases of such securities were made to the amount of
$25,300.
Arrangement was made by the Secretary of the Treasury for the
purchase of bonds of the loan of 1925 on October 17 and 18, 1902,
deliverable then or on October 20. The cash paid was:
Loan.
Loan of 1926




Principal.
$16,504,300

Premium,
including accrued interest.
$6,342,229.99

Total.
$22,846,529.99

115

TREASURER.
ANTICIPATION OF INTEREST.

Interest was paid in anticipation in the autumn. The transactions
were stated in the Treasurer's report issued in November, 1902. They
are presented here so that the record for the year may be complete.
On September 13,1902, the Secretary of the Treasury authorized the
anticipation of payment of the interest due October 1. The interest
on the consols of 1930 was paid immediately at the date of the notice,
and that on the funded loan of 1907 was paid on September 15. The
items of interest so authorized to be prepaid were:
Loan.

Coupon.

•.

$1,826,742.50
2,182,521.00

$506,032.50
47,182.75

$2,331,775.00
2,229,703.75

4,009,263.50

Funded loan of 1907
Consols of 1930

Registered.

652,215.25

4,561 478 75

Total

Total.

October 20,1902, by authority of the Secretary of the Treasury, the
interest to accrue November 1, additional to $50,353.25 previously paid
with rebate, was anticipated. The total amount of November interest
was:
.
Loan.

.

Coupon.

$389,316.60
139,056.62
1,047,321.00

$342,050.86
103,573.76
302,621.00

$731,367.45
242,629.37
1,349,942.00

1,675,693.22

Loan of 1908-1918
Loan of 1904
Loan of 1925

Registered.

748,245.60

2,323,938.82

..

Total

Total.

The Secretary of the Treasury on September 25, 1902, offered to
holders of United States bonds the option to receive in advance their
interest maturing between November 1, 1902, and July 1, 1903, at a
rebate of two-tenths of 1 per cent a month. This amounted to
$20,656,252.72. Payments began October 1, and before November 30
the option was taken to the amount of $3,481,322.25 with a rebate of
$40,097.52.
Loan.
Funded loan of 1907
Consols of 1930
Loan of 1904. .
Loan of 1925
Loan of 1908-1918

Registered.

...

Coupon.

Total.

Rebate deducted.

$432,745. 60
$3,346.00
2,624,472.00 • 17,047.60
56,318.75
2,676.00
213,428.50
61,128.00
67,681.20 0 2,479.80

$5.165.45
31.458.50
472.45
2,258.45
742.67

3,394,645.95

Total

$436,091.50
2,641,619.60
58,993.75
274,556.50
70,161.00
3,481.322.26

40,097.52

86,676.30

E X C H A N G E I N T O CONSC)LS OF 19 30.

By public notice, March 26, 1903, the Secretary of the Treasury
offered to exchange securities of the loan of 1907, four per cents, and
those of 1908, three per cents, into consols of 1930, to an amount not
exceeding $100,000,000. The conditions were that the older bonds
mentioned would be received at a valuation equal to their present



116

REPORT ON THE

FINANCES.

worth to.yield an income of 2i per cent per annum, and like amounts
of United States registered or coupon bonds bearing interest at the
rate of 2 per cent per annum would be issued in exchange therefor at
a premium of 2 per cent.
Before July 1 this exchange proceeded to the extentof $74,202,400,
as here stated:
Coupon.

Title of loan.

Funded loan of 1907.
Loan of 1908-1918

. ...

Registered. Principal.

Accrued
interest.

Present
worth in excess of par
value.

$3,385.550 $56,408,250 $59,793,800 $148,952.22
61,844.06
2,266,180 12,142,420 14,408,600

$4,170,932.47
534,139.43

210,796.28

4,705,071.90

5,661.730

Total

68,550,670

74,202,400

During July, including cases pending at the end of the month, when
the Secretary of the Treasury canceled the option, bonds to the additional amount of $6,940,200 were exchanged, with the following results:
Title of loan.

Coupon.

Registered. Principal.

Accrued
interest.

Present
worth in excess of par
value.

478,000
737,980

Total

4,828,100
896.120

$5,306,100
1,634,100

$7,854.15
10.418.77

$351,285.04
58,213.00

1,216,980

Funded loan of 1907
Loan of 1908-1918

5,724,220

6,940,200

18,272.92

409,498.04

The total exchanges, with details of the operations, are combined in
this table:
>
Title of loau.

Principal.

4 per cent funded loan of 1907.
3 per cent loan of 1908-1918

$65,099,90O
16.042.700

Total.
For accrued interest
Present worth in excess of par value
Less interest repaid
Less interest accrued on 2 per cent bonds
Less premium of 2 per cent
Checks were issued amounting to

81,142,600

1
.•

Accrued
interest.

Present
worth in excess of par
value.

$156.806. 37 $4.522,217.51.
72.262.83
592,352.43
229,069.20

5,114.569.94

$229.069.20
5,114,569.94
• $5,343,639.14
179,503.20
102,068.69
1,622.852.00
1,904,423. J
3,439,215.25

Of the above amount of bonds there was received from persons and institutions other
than national banks
53,633,050.00
From national banks, circulation account v
$7,247.550.00
From public moneys account
20.262,000.00
27,509,550.00

By notice September 23,1903, this process of exchange was resumed,
limited to $20,000,000, and by October 1 the older securities were taken
to the amount of $1,639,700.
THE PUBLIC DEBT 1 9 0 2 , 1 9 0 3 , AND FIRST QUARTER OF 1 9 0 4 .

By purchases and exchange, during the jen,Y, the 3 per cent bonds
were reduced $14,408,600; the fours of 1907, $59,791,750, and the



117

TREASURER.

fours of 1925, $16,504,300. The advance of $74,202,400 in consols of
1930 followed. Gold certificates grew $62,527,780, and silver certificates $10,709,000, while Treasury notes fell off $10,757,000. Other
items show immaterial changes:
Rate.

Consols of 1930
Loan of 1908-1918
Funded loan of 1907 . . .
Refunding certificates.
Loan of 1926
Loan of 1904
Matured loans
Old demand notes
United States notes
National-bank notes
Fractional currency
Gold certificates
Silver certificates
Treasury notes of 1890.

P.ct.
2
3
4
4
4
5

When payable.

June 30,1902.

June 30,1903.

After Apr. 1,1930..
After Aug. 1, 1908.
July 1,1907
Convertible
Feb.1,1925
Feb. 1,1904
Ondemand
. ..do
do
.do
do
.do.
. .
do
do

$445,940,750.00
97, 615,660.00
233,177,400.00
31,980.00
134,994,200.00
19,410,350.00
1,280,860.26
63,847.50
346,681,016.00
42,071,969.50
6,873,323. 63
346,582,089.00
463,-997,000.00
30,000,000.00

$520,143,150.00
83,107,060.00
173,385,650.00
30,600.00
118,489,900.00
19,385,050.00
1,205,090.26
53,847.50
346.681,016.00
40,053,308. 50
6,871,240. 63
409,109,869.00
464,706,000.00
19,243,000.00

$528,723,050.00
80,886,060.00
167,026,800.00
30,530.00
118.489,900.00
17,383 100 00
1,197,050.26
63 847.50
346,681,016.00
39,827,135.50
6,871,240. 63
420 487 869 00
464,715,000.00
17,498,000.00

2,158,610,445.89

2,202,464,781.89

2,209,870,598.89

Total

Oct. 1, 1903.

Bv October 1, 1903, the gold certificates were increased by
$11,378,000, the silver certificates by $9,000, while a reduction of
$1,745,000 occurred in Treasury notes.
^
PREPAYMENT OF BONDS.

On September 23, 1903, the Secretary of the.Treasury gave notice
that bonds of the loan of 1904 would be paid promptly on presentation
with interest in full to their maturity, February 1,1904. Such securities then outstanding amounted to $19,385,050. By October 1 the
sum of $2,001,950 of principal of these securities was paid with
$50,098.75 of interest.
FOREIGN HOLDINGS OF UNITED STATES REGISTERED BONDS.

Probably few coupon bonds of the United States are held abroad.
Foreign holders naturally prefer securities that are registered, by reason of the greater safety, and they do not seek the ready transfer easy
in the coupon form. By tracing the payment of checks for interest a
close approximation can be obtained to the principal held in foreign
countries. The record of the past five years furnishes this result,
showing no notable changes, but on the whole a gradual reduction of
such holdings abroad:
FOREIGN HOLDINGS OF UNITED STATES REGISTERED BONDS AT THE CLOSE OF FISCAL
YEARS 1899-1903.
Title of loan.
Funded loan of 1-891, continued
at 2 per cent
Funded loan of 1907
Loan of 1904
Loan of 1926.
Loan of 1908-1918
Consols of 1930
Total
Total of registered bonds outstanding.
Percentage of foreign holdings..




1899.

$7,000
17,262,800
456.500
5,758,900
853,820
24,339,020
797,643,240
3.0514

1900.

$17,000
13,306,750
239,000
7,540,100
1,672,640
22.775,490

1901.

$8,111, 800
192,000
7,639,150
1,199,840
3,316,600

1902.

$5,940,450
44,500
5,867,900
915,000
3,255,000

1903.

$6,485,300
168,000
5,185,700
1,104,600
3.923,350

20,459,390

16,022,850

16 866 950

842,302,300. ^.822,462,240
2.7040
2.4876

785,030,670
2.0410

789.728.410
2.1358

.118

REPORT ON T H E F I N A N C E S .
B O N D S H E L D AS S E C U R I T Y F O R N A T I O N A L B A N K S .

The United States bonds pledged to secure the notes of national
banks increased $58,030,240 during the year, and those to secure
deposits of public funds show an increase of $28,133,370. For circulation the consols of 1930 are $61,140,750 more than twelve months
earlier, and for deposits $6,269,900 more. Philippine certificates
appear this year for the first time as security for public funds.
By October 1,1903, a maximum was reached when the securities for
circulation became $381,484,830, an increase of $6,416,060 during the
quarter, while those for deposits were $164,224,872, an increase of
$11,372,852.
BONDS H E L D FOR NATIONAL BANKS, CLOSE OF J U N E , 1902 AND 1903,
1, 1903, AND C H A N G E S DURING 1903.

Kind of bonds.

AND OCTOBER

June Deposited Withdrawn Held June Held Oct.
during
auring
Rate. Held June Held 1902.
30.
30, 1903.
29,1901.
1. 1903.
1903.
1903.,

TO S E C U R E CIRCULATION,

Funded loan of 1891...
Consols of 1930
Loan of 1908-1918
Funded loan of 1907...
Loan of 1925
Loan of 1904.

P.ct.
^
2
$75,000
2
312,748,650 8365,983,200 $85,512,000 $24,37i,255 $367,123,950 $373,639,300
3,885,580 3,210,080 3,933.940 4,777.200
2,366,820
2.229,080
3
3,172,700
6.144.500 5,361,250 5,009,850 6,995.600 3,375.500
4
1,585,100
. 2,996, 600 2,028,100 1.831.500 2,289,500
1.570.100
4
268,900
455,900
847,000
670,500
632.400
858,650
6

Total

97,134,290

39,104,050 375.068,770

381,484,830

41,143.700
7,702.320
16,708,700
5,466,000
4,068,450
700,000
22,982,500
3,071,000

33,061,700 96,680,800
8,Oil,600
6,489,420
20,990,50O 5,280,700
3,491,000 8,977,750
1,031,000 3,941,460
450,000
810,000
5.691, 600 17,290,900
100,000 2.971,000

102,866,000
7,596,920
4,829,900
. 9,676,550
3,962,450
810,000
18,274,052
6,800,000

95,725,450 113,426,650 101,842,670

72,827,300 142,442,020

153,814,872

326,119,230 317,038,530

TO S E C U R E DEPOSITS.

Consols of 1930
Loan of 1908-1918
Funded loan of 1907...
Loan of 1925
Loan of 1904
District of Columbia...
state and city
Philippine certificates.

2
3
4
4
6
3.65

(«)

75.645.100
4,962.300
6,132.100
8.030.950
440.000
516,000

88,698,800
6,798,600
9,662,500
7,002.750
904.000
660.000

4

Total

BONDS HELD BY THE ASSISTANT TREASURER UNITED STATES, NEW YORK.
TO SECURE DEPOSITS.

Consols of 1930
Loan of 1908-1918
F u n d e d l o a n o f 1907.
Loanof 1925
Loan of 1904
District of Columbia..

2
3
4
4
6
3.65

Total

$3,627,500
896,500
1,000,000
4,166,000
360,000

$8,964,500
892,500
20,000
1,020,000
45,000
350,000

$5,048,900 $6,861,000 $7,152,400
724,600
1,091.600
526,600
2,310,000 2.286.000
44,000
1,319,000
822.000
1,617,000
885,000
292,000
638.000
531.000
879,000
2,000

$6,854,400
486,600
44.000
1,757.000
385,000
884,000

10,040,000

11,292.000

10,818,500

10,410,000

11,700,500

10,410,000

"Various.

NATIONAL BANKS BY GROUPS, ACCORDING TO DEPOSITS OF GOVERNMENT BONDS TO SECURE CIRCULATION.

The expansion of national banks during the past two years and their
gradation in deposit of bonds are worth study. The figures below presenta comparison. The growth, it will be observed, is all along the line:



119

TEEASUBEE.

Number having on deposit—
$5,000,000 or more
,
1,000,000 or more, but less than $5,000,000,
500,000 or more, but less than 1.000,000.
100,000 or more, but less than 600,000,
60,000 or more, but less than . 100,000
25,000 or more, but less than
50,000
6,260 or more, but less than
25.000
Total number of national banks

6,014

The largest amomit of bonds deposited for this purpose by any bank is $10,000,000,
as against 18,308,000 last year.
W I T H D R A W A L O F B Q N D S TO S E C U R E

CIRCULATION.

Under the act of J u n e 20, 1874, as modified by section 9 of the act
of J u l y 12,1882, national banks can take up any of their bonds pledged
for circulation by depositing cash to cover them, but this privilege is
restricted to $3,000,000 a month for the whole system. This limit is
a fetter on the banks to that extent, but the record testifies that the
restraint is moral rather than physical in practice. During the past
six years, from July 1, 1897, to July 1, 1903, in an average of only
one month in every twelve has the limit been reached. In nineteen
other months in that period the withdrawals have exceeded $2,000,000
each, and in five of them there was a close approach to the barrier.
The account of withdrawals by months will follow:
$1,584,085. 00
1897—July
$502,150.00 1900—September
October
497,500. 00
August
1,058, 040.00
November
1,075,500. 00
September
1,122, 750.00
December
461,830.00
October
1,412,100.00
515, 000. 00
November
2, 535, 235. 00 1901—January
February
95,000. 00
December
5,937, 705.00
March.
608,800.00
1898—January
3,228,360.00
April
."
1,009,370.00
February
1,954,800. 00
May
265,000.00
March.....
427,500.00
June
2,693,000.00
April....
78,750.00
July
537,500.00
May
227,690.00
August
678,910.00
June
315,450.00
September
689,500. 00
July
1,657,522.50
October
2,263,240.00
August
913,500.00
November
3,068,500.00
September
455,440. 00
December
2,999,075.00
October
. 266,500.00
2,480,044. 50
November
435,170.00 1902—January
February
2,986,472. 50
December
1,008,000.00
March
2,980,262. 50
1899—January
3, 888, 000. 00
April
2,999,147.50
February . :
1,053,461. 00
May....
2,357,785.00
March
2,336,995.00
June
1,191,772.50
April
2, 508, 530. 00
July......:
932,050.00
May
2,059,105. 00
August
385,847.50
June
1,539,217.50
September
2,034,492.50
July.......
579,150.00
October
3,090,245.00
August
1,104,297.50
November
787,495.00
September
969, 750.00
December.
17,200.00
October.
162, 000. 00
2,705,795.00
November
501, 750.00 1903—January
Februarv
- 2,307, 897. 50
December.
3,026,650.00
March. 1
2,526,800.00
1900—January
2,015,130.00
April
1,497,597.00
February
675, 895. 00
May
845;650.00
March
2,990,250.00
June
50,000.00
April.........
2,347,840.00
July
361,097.50
May
83,500.00
August....
289,000.00
June
• 170,247.50
September
3,049,997.50
July.
98,500.00

August..
1,957,704.00
http://fraser.stlouisfed.org/. . .
Federal Reserve Bank of St. Louis

120

REPORT ON T H E F I N A N C E S .

Tbe restriction, which has been so seldom operative in fact, yet
afi'ects men's minds as a hard wall beyond which there is no open way,
and the temptation is to try to leap over it. The repeal of the legal
provision and of its correlative forbidding increase by the withdrawing bank within six months would have a sentimental efiect in the
.direction of elasticity beyond that which the record cited might
indicate.
A sudden rush of applications for withdrawal of bonds took place in
September, 1903, apparently prompted in large part by the demand
for securities to be pledged for deposits. The haste to be in first has
of ten led to applications for withdrawals not afterwards consummated.
The question is natural whether enlarged freedom in this respect
would not remove apprehension and check such nervous action. With
the barrier removed the incentive to haste and to competition for
withdrawals would cease. . I t may be doubted whether banks would
be so anxious to reduce their circulation at a given time if no restriction stood in the way of such a course in any amount at their own
pleasure. The problem may well be left to Congress to solve.
BONDS FOR DEPOSITS IN NATIONAL BANKS, BY GROUPS.

Public funds are placed in 713 national banks. Of these 268 are
styled regular depositaries and receive the collections of internal revenue day by day, while 445 are special depositaries to which funds are
transferred in gross sums. According to the amount of bonds deposited, both classes may be grouped as in the subjoined tables, and their
location in the several States is presented, with the aggregate of deposits
in each State, as of July 1, 1903:
Depositaries.
Amount.
Banks depositing $50,000 in bonds
More than $50,000 up to $100,000 in bonds
More than $100,000 up to $200,000 in bonds
More than $200,000 up to $300,000 in bonds
More than $300,000 up to $500,000 in bonds
More than $.500,000 up'to $1,000,000 in bonds
More than $1,000,000 up to $2,000,000 in bonds
More than $2,000,000 up to $3,000,000 in bonds
More than $3,000,000 up to $5,000,000 in bonds
More than $5,000,000 up to $10,000,000 in bonds
More than $10,000,000 up to $15,000,000 in bonds
Total




Regular. Special.
62
54
59
40
22
23
3
3
1
1
268

Total.

212
115
61
31
15
3
6
1
2

274
169
120
71
37
26
8
1
5
1
1

446

713

121

TEEASTJEER.

0

1

1

States.

g

s

s

o

Total

264

"'i'
1
2
2
9
1
2

7
14
3
4
1
4
2
22
1
1
5
1
3
4
4
'•*8'

3
1
2
24
1
2
1
2
1
3
5
2
2
1

0

a
o

d

B

1 1

8
0
0
8""
0

co"

g

s

S S

1

4

2
3
1
1
6
3
3
2
2

z

1
2
1

2
2
1

2
2

1

3
1

4
2

,
""•3"

6
1
2
1
5 '"2
2
2
3
2

2

1
1
2
5
2
1
21
2
1
10
1

4

2

9

7
6

""i*

1

2
2
1
1

1

i

1

6

2

3

7

5

3

6

4

1
5

1

1
1
1
15
9
15
1
3
4
11
1
3
27
38
1
32
19
23
7
7
15
46
11
13
6
18
4
13
15
10
3
59
11
3
51
2
4
81
4
•7

2
1
2
2
1
3
2
1
4 . 3

6
14
16
4
10
21
7
11
19
2
1

'4
6

2
1
1

2
1

37

28

1
168 131

i

;2;

1

"'i'

CO

B

B

s

1
Alabama
6
Alaska
Arizona
1
Arkansas
California
6
Colorado
;..
3
Connecticut
3
Delaware
1
District of Columbia
Florida
1
Georgia.
. .
3
Hawaii
2
Idaho .
Illinois
.4
Indiana
22
Indian Territory
1
15
Iowa
Kansas
14
Kentucky
8
Louisiana
4
Maine.
...
2
Maryland
3
8
Massachusetts
Michigan
5
5
Minnesota
6
Mississippi
5
Missouri
:
2
Montana
-.
7
Nebraska
6
New Hampshire
.. .
2
New Jersey
2
New Mexico
9
New York
6
North Carolina.
2
North Dakota
19
Ohio
Oklahoma . .
Oregon
1
Pennsylvania
32
Rhode Island
3
4
South Carolina
5
SouthDakota
:...
6
Tennessee
8
Texas
2
Utah
4
Vermont
9
Virginia
1
Washin srton
4
West Virginia .
• .
10
Wisconsin
2
Wyoming
PoHo Rico

8

71

6

2

4

1

1

$400.000
-75,000
50,000
100,000
2.280,000
1,650,000
1,736,450
50,000
3,461.000
465,000
1,555,000
200,000
205,000
6,899,000
6,053,800
50,000
2,988,600
1,285,000
4,723,800
800,000
589,000
3,319,400
10,826,950
2,187,600
2,572,000
300,000
6,353,080
400,000
1,410,000
1,537,800
1,402,000
250,000
45, 936,250
883,800
250,000
9,691,950
230,000
1,150,000
14,692,740
210,000
531,700
350,000
1,691,000
1,742,000
700.000
'981,500
3,942,100
1,776,400
1,288,000
2,389,200
100,000
250,000

713 152,852,020

STATE AND MUNICIPAL BONDS FOR PUBLIC DEPOSITS.

On October 1, 1902, under direction of the Secretary of the Treasury, the Department began to accept from national banks approved
State and city bonds as a part of the.security for deposits of public
funds, releasing United States bonds held for that purpose, on condition that these should be at once transferred to secure circulation.
The privilege of such exchange was canceled by circular November 7,
1902, excepting cases then pending. The maximum of this class of
securities was reached November 29, at $20,505,500, and they w^ere
Digitizedthen as stated in the subjoined table. By request of. the Secretary of
for FRASER


122

REPORT ON T H E FINANCES.

the Treasury they were in the closing months of the fiscal year gradually reduced, and July 1 stood at $17,290,900, as shown below:
Nov. 29,1902. July 1,1903.
State of Maryland
State of Massachusetts
State of Virginia
State of Connecticut
State of Maine
City of New York, N. Y
City of Philadelphia, P a . . .
City of Baltimore, Md
City of Albany, N . Y
City of Boston, Mass
City of Louisville, Ky
City of Springfield, Mass...
City of Cleveland, Ohio
City of St. Louis, Mo
City of Cambridge, Mass...
City of Paterson. N. J ..
City of Minneapolis. Minn.
City of Columbus^ Ohio
City of Cincinnati, O h i o —
City of Chicago, 111
City of Atlanta, Ga.
City of Nashville, Tenn —
Total

$100,000
6,841,000
473,000
200,000
87,000
7,204,000
1,069,000
426,500
161,000
963,000
588,000
50, )00
674,000
1,049,000
67,000
14,000
30,000
128,000
427,000
686,000
134,000
134,000

; - - - 20,605,600
20,605,600

: -.,

$100,000
4,633,000
473,000
200,000
87,000
6,477,OOU
961,000
399,900
161,000
674,000
186,000

17,290,900

264,000
910,000
67,000
14,000
120,000
340,000
966,000
134,000
134,000

PUBLIC DEPOSITS IN BANKS DURING A CENTURY.

Robert Morris, the financier of the Revolution, carried the burdens
of the war for independence by the aid of banks, which he organized
for the purpose, and of private capitalists. From the start the National
Government used the banks, at first for loans and later for deposits.
This was true of the Bank of the United States, which held the public
funds until President Jackson transferred them to State banks. In a
report made to the House of Representatives b}^ Mr. Baldwin, a member from Georgia, May 22, 1794, the early situation is thus depicted:
AS TO KEEPING.

The Treasurer, pursuant to general directions from the Secretary of the Treasury,
keeps the public moneys under his control in the several banks. Formerly the
banks of North America, New York, Massachusetts, and Maryland were places of
deposit. At present the public moneys are kept in the Bank of the United States
and its several offices of discount and deposit at Boston, New York, Baltimore, and
Charleston and in the Bank of Providence. The Treasurer has never any public
money in his possession or custody which is not,.in fact, deposited in bank from the
moment his possession or custody commences till it ceases by the disbursement of it
for pubhc purposes, except in the case of bank bills, orders upon individuals, etc.,
heretofore enumerated, as remittances from the supervisors of the revenue and collectors of the customs to the Treasurer, and those also, immediately after the receipt
of them, constitute deposits in bank to the credit of the Treasurer.
The Secretary of the Treasury, or any other officer of the Department besides the
Treasurer, never has the possession or custody of any part of the public moneys
(except in the cases hereafter specified). And the possession or custody of the Treasurer is, as already stated, exercised through the banks. The only exception to this
observation respects certain inconsiderable sums occasionally placed in the hands of
the Commissioner of the Revenue for the service of the Light-House Establishment,
and certain other small sums for the contingencies of the offices of the Secretary,
Comptroller, Commissioner of the Kevenue, and Auditor, which are, from time to
time, in proportion to their expenditures, placed in the hands of the Register for disbursement, who renders an account of the disbursement, which undergoes a regular
and formal settlement as other public accounts.
The same is done by the Commissioner of the Revenue. The moneys of the
United States which are
abroad are
Digitized foragency the loans are made,disbursedare disbursed kept by the bankers, under whose
FRASER
till they
for the purposes of their destination.


TREASURER.

123

The subject was often before Congress, and another report was submitted in the House of Representatives, January 28,1801, by Mr. Otis,
of Massachusetts, referring to that of Mr. Baldwin, and adding:
It does not appear that any objection has ever been made to the form of doing '
business specified in that report, or that the committee, after a most ample and elaborate investigation of the regulations adopted in the Department, entertained doubts
of the judicious and competent nature of the arrangement and distribution of the
powers and duties of the officers. The attention of the present committee was, in the
first instance, occupied in comparing the present forms of proceeding at the Treasury with those heretofore exhibited;'and, upon a careful examination, they are
satisfied that, while the principles of that system have been maintained and matured,
a close adherence to established usage has been observed; and that the Department
itself is so organized by law and the mode of doing the business is so devised as to
afford the most perfect security to the nation from the misapplication of the public
moneys.
These moneys do not in any instance pass through the hands of the Secretary of
the Treasury; he merely authorizes the receipts and disbursements by warrants in
favor of and upon the Treasurer. These warrants are all signed by the Secretary,
countersigned by the Comptroller, and registered by the Register. The Treasurer is
the medium of the receipts and disbursements. of the public moneys. Those who
collect these moneys can only discharge themselves by warrants in favor of the
Treasurer. The Treasurer can only obtain credit for payments from the Treasmy by
warrants on himself. All moneys received by the Treasurer are deposited by him
in the Bank of the United States and other banks, and the actual amount of moneys
in the custody of the Treasurer may be at any time ascertained, independently of his
own returns, by the statements which are constantly made and transmitted to the
Secretary by tliose who collect and receive public moneys into their custody in the
different parts of the Union. His accounts must be rendered quarterly and oftener,
if required, to the Comptroller, and annually to Congress.

Secretary of the Treasury Woodbury December 12, 1834, in a supplemental report discussed elaborately the keeping of the public funds.
His purpose was to assert the power of the Secretary of the Treasury
to remove deposits, then a partisan question, but his utterances have
permanent value.
In regard to the places for keeping the funds of the United States, it is believed
that under our first organization of a common treasury, no such places were ever
designated by law, unless sometimes the loan offices, and unless, for such funds as .
were wanted in the field, the military chests accompanying the Army may be so considered.
The residue of the funds is supposed to have generally been deposited for safe-keeping, as the committee of Congress, when having charge of them, or the Treasury officers, when such had been created, were pleased to direct; and it is well known that
by them banks were selected for this purpose as soon as any were incorporated in
convenient places, under either State or Federal authority.
After the present constitution was adopted the usage continued the same until
1809, no law having everbeen previously passed which required the deposi tes of public
money to be made in the first United States or any State bank. But, from 1789 to
1791, it appears that the Bank of North America in Pennsylvania, by which State as
well as by Congress ithad been incorporated, continued to be employed by the officers of the Treasury, under the direction of the Secretary, and in the exercise of his
supposed legal power over, this subject.
The three banks of Massachusetts, New York, and Maryland, incorporated in those
States, under those respective names, were also in the same way next selected and
used. After 1791, the former United States bank was, by this Department, voluntarily added to the nmnber. In 1809, by the act of March 3, the first express legislation took place as to the use of any banks whatsoever as places for the public
deposites, and that extended only to '' the public moneys in the hands'' of disbursing
officers, and required them to be kept, ''wherever practicable," in some ''incorporated bank," aiid that bank to be selected or "designated for the purpose by the
President of the United States." The deposites by collecting officers .were left
untouched, they having been already, as before named, usually placed in banks, and
those banks selected, not by the Treasurer, or Congress, or the President, but by the
Secretary of this Department, or by his direction, under the power confided to him
by acts of Congress, of supervising the finances and the doings of the subordinate



124

REPORT OK THE FINANCES.

officers in the Treasury. A con:nnittee of the House of Representatives, May 22,1794,
raade a very able report on the condition of the Treasury, in which, on this point,
they remark that "the Treasurer, pursuant to general directions from the Secretary
ofthe Treasury, keeps the public moneys under his control in the several banks,"
etc. In February, 1811, before the charter of the old bank expired, but after its
renewal had been refused, Mr. Gallatin, by his own act, and not by orders to the
Treasurer, and without consulting Congress, then in session, proceeded to select
other banks, incorporated by the several States, and to remove to them the deposites
bf the public money. As appears in his report to the House of Representatives, January 8, 1812, he entered into arrangements with them, in many respects similar to
those now in operation.
After this change, the usage and law on this subject continued unaltered till 1816,
when it was provided in the charter of the present Bank of the United States, "that
the deposits of the money of the United States, in places in which the said bank and
branches thereof inay be established, shall be made in said bank or branches thereof,
unless the Secretary of the Treasury shall at any time otherwise order and direct; in
which case the Secretary of the Treasury shall immediately lay before Congress, if in
session, and if not, immediately after the commencement of the next session, the
reasons for such order or direction."
Whether this was or was not intended to include the deposit of money in the
hands of disbursing as well as collecting officers, all difficulty was avoided on that
point bythe President, in giving directions, as has lately been done, to havethe
same banks used by the former as were used by the latter class of officers.

President Jackson's removal of deposits was from one bank with
branches to many separate institutions, but alwa3^s to banks. The
rage for the purchase of public lands led to the creation of banks
which might issue notes to be used in the required payments to the
Government. Deposits in the banks were, June 30, 1836, carried up
to $39,081,147, an immense sum for those days.
They reached $45,056,883 in December, 1836, but the lower sum
had proved a temptation to the States to ask for the deposit with
them. Congress, by act of June 23, 1836, voted to make distribution
in four installments of all mone3^s in the Treasur}^, except $5,000,000,
to the States on the formal pledge of their faith for repayment.
Three installments were paid to the States, when the Government
found its necessities forbade further distribution, and the policy was
stopped by act of October 3, 1837, which also provided that the
funds already deposited should ' • remain with the States until otherwise directed by Congress." So they remained there to the amount
of $28,101,644.91, and are carried on the books of the Department as
unavailable funds.
The bankof theUnited States had passed away and the '' pet banks"
were causing President Jackson hardly less trouble than the offensive
central institution had done. The distribution to the States under the
actof June 23,1836, was to begin with January, 1837, and in the mean
time the kind of currency turned into the Department by the banks
was not satisfactory. On July 11, 1836, Secretary of the Treasury
Woodbury issued his ''specie circular," which forms an interesting
chapter in our financial history:
CiRCULAE.
To receivers of puhlic money, and to the cleposite hanks:
TREASURY DEPARTMENT, July 11,. 1836.

In consequence of complaints which have been made of frauds, speculations, and
monopolies, in the purchase of the public lands, and the aid whicli is said to be given
to effect these objects by excessive bank credits and dangerous, if not partial, facilities
through bank drafts and bank deposites, and the general evil influence likely to result

to the public interests, and especially the safety of the gi:eat amount of money in the


TREASURER.

125

Treasury and the sound condition of the currency of the country from the further
exchange of the national domain in this manner, and chiefly for bank credits and
paper money, t h e President of the United,States has given directions, and you are
hereby instructed, after the 15th day of August next, to receive in payment of the
public lands nothing except what is directed by the existing laws, viz: Gold and silver, and in the proper cases, Virginia land scrip; provided, that till the 15th of
December next, the same indulgences heretofore extended as to the kind of money
received may be continued for any quantity of land not exceeding 320 acres to each
purchaser who is an actual settler or bona fide resident in the State where the sales
are made.
I n order to ensure t h e faithfal execution of these instructions, all receivers are
strictly prohibited from accepting for land sold any draft, certificate, or other evidence of money or deposi te, though for specie, unless signed by the Treasurer of the
United States, in conformity to the act of April 24, 1820. And each of those officers
is required to annex to his monthly returns to this Department the amount of gold
and of silver, respectively, as well as the bills received under the foregoing exception;
and each deposite bank is required to annex to every certificate given upon a deposite
of money the proportions of it actually paid in gold, in silver, and in bank notes.
All former instructions on these subjects, except as now modified, will be considered
as remaining in full force.
The principal objects of the President in adopting this measure being to repress
alleged frauds and to withhold any countenance or facilities in t h e power of the Government from the monopoly of the public lands in the hands of speculators and capitalists, to the injury of the actual settlers in the new States and of emigrants in
search of new homes, as well as to discourage the ruinous extension of bank issues
and bank credits, by which those results are generally supposed to be promoted,
your utmost vigilance is required and relied on to carry this order into complete
execution.
L E V I WOODBURY,

Secretary of the Treasury.

The drop in the balance in the Treasury as well as the deposits in
banks was phenomenal—to $6,804,953 in the combined total in 1837. An
era of panic swept over the country, due to the speculation, hastened
by the efforts to check that evil. The public funds were low. President Van Buren's suggestions for an Independent Treasury, made law
July 4, 1840, and lasting only until August 13,1841, were followed by
various schemes which left the funds in chief part in the banks.
The passage of the act of August 6, 1846, created the Independent
Treasury system practically as it stands to-day, and brought the public
moneys into the immediate care of the Treasury, and from 1847 until
1864 the banks held no share of them. From that time forward such
depositai'ies have held varj^ing amounts, attaining the maximum at
$402,370,130 during the bond transactions April 23, 1879, and now
again, June 30, 1903, at $147,842,610. By October 1 they were
$161,778,286. ^ •
^
^
. ^
In the earlier days the Government received no interest on its
deposits, but the act of June 23,1836, made this requirement upon the
conditions recited:
SEC. 11. Whenever t h e amount of public deposites to the credit of t h e Treasurer
of the United States in any bank shall, for a whole quarter of a year, exceed the onefourth part of the amount of t h e capital stock of such bank actually paid in, the
banks shall allow and pay to t h e United States, for the use of the excess of-the deposites over t h e one-fourth part of its capital, an interest, at the rate of two per centum
per annum, to be calculated for each quarter, upon t h e average excesses of the quarter;
and it shall be t h e duty of the Secretary of t h e Treasury, at the close of each quarter,
to cause t h e amounts on deposite in each deposite bank for the quarter to be examined and ascertained, and to see that all sums of interest accruing under the provisions of this section are, by the banks respectively, passed to the credit of the
Treasurer of the United States in his accounts with the respective banks.

The drain upon the banks due to lower balances in the Treasury
resources caused some friction, and Congress sought to offer palliation^




126

REPORT ON THE FINANCES.

by the act of October 16,1837, which was entitled ' ' A n act for adjusting the remaining claims upon the late deposite banks." The provisions w^ere:
^
The Secretary of the Treasury is hereby authorized to continue to withdraw the
public moneys now remaining in any of the former deposite banks, in a manner as
gradual and convenient to the institutions as shall be consistent with'the pecuniary
wants of the Government and the safety of the funds thus to be drawn; and that no
further interest than that required by the deposite act of the twenty-third of June, one
thousand eight hundred and thirty-six, under which those deposites were made,
shall be demanded of any bank which has met, and shall hereafter meet, the requisitions of the Department. This provision shall also extend to such public moneys
as may remain in any of the said banks, whether standing to the credit of the
Treasurer of the United States, or of any disbursing or other public officer of the
Government.
SEC, 2. In case of neglect or refusal by any of the said banks to comply with the
requisitions of the Secretary of the Treasury, as he shall make them, in conformity
with the first section of this act, suits shall be instituted, where that has not already
been done, to recover the amounts due to the United States, unless the defaulting
bank shall forthwith cause to be executed and delivered to the Secretary of the
Treasury a bond, with security to be approved by the Solicitor of the Treasury, to
pay to the United States the whole moneys due from it in three instalments; the
first to be paid on the first day of July next, the second on the first day of January,
eighteen hundred and thirty-nine, and the remaining instalment on the first day of
July, eighteen hundred and thirty-nine; and the default mentioned in this act, on
which interest is to commence at the rate of six per centum per annum, shall be
understood to be the neglect or omission of said banks, or any of theni, to answer
the drafts or requisitions of the Secretary of the Treasmy made on them.according to
the provisions of the first section of this act; and interest thereon at the rate of six
per centum per annum from the time of default, together with any damages which
may have accrued to the United States from protests of drafts drawn upon it, or from
any other consequence of its failure to fulfil its obligations to the public Treasury.
Such charges of interest from the banks on public funds deposited
with them were exceptional, and were not continued.
In the early days services and accommodations rendered by the banks
were treated as consideration for the use of the deposits placed by the
Government. Facilities for the payment of customs by importers also
were required. Albert Gallatin, as Secretary of the Treasuiy, in a
communication dated January 8, 1812, to the Speaker of the House of
Representatives, sets forth the situation on the expiration of the charter
of the first Bank of the United States:
As soon as it had been ascertained that the charter of the Bank of the United States
would not be renewed, a letter was addressed to the collectors of Boston, New York,
Philadelphia, Baltimore, Norfolk, Charleston, and New Orleans directing them to
cease to deposit custom-house bonds for collection in the Bank of the United States
or its branches, to withdraw those falling due after the 3d of March, 1811, and to
deposit thereafter the bonds in one or more State banks, Avhich were, according to
the information already received, either pointed out or left at the option of the collector. The only condition required in the first instance, from the bank or banks
thus selected, was, that they should, in their discounts, give the preference to paper
offered by persons having custom-house bonds to pay. This, considering the pressure
expected.from the dissolution of the Bank of the United States, appeared of primary
importance toward facilitating and securing the collection of the revenue.
There being no State bank at Savannah, the collector of that port was only directed
to cease d^ositing the revenue bonds in the branch Bank of the United States.
Statements of their conditions were called for from the depositing
banks frequently, so that the Secretary of the Treasury might judge
of the safety of the moneys intrusted to them. Section 6 of the act
of J u n e 23, 1836, gave authority to the Secretary and made it ' ' h i s
duty, whenever in his judgment the same shall be necessary or proper,
to require of any bank so selected and employed as aforesaid collateral or additional securities for the safe-keeping of the moneys depos


TREASURER.

1.27

ited therein, and the faithful performance of the duties required by
this act."
The national-bank act provided for enlarged and general use of the
institutions established as depositaries. Section 220 of that act (section 5153, Revised Statutes) defines the duties and fixes the conditions:
SEC. 5153. All national banking associations, designated for that purpose by the
Secretary of t h e Treasury, shall be depositaries of public money, except receipts from
customs, under such regulations as may be prescribed by the Secretary; and they may
also be employed as financial agents of the Government; and they shall perform all
such reasonable duties, as depositaries of public moneys and financial agents of t h e
Government, as may be required of them. The Secretary of the Treasury shall
require the associations thus designated to give satisfactory security, by the deposit
of United States bonds and otherwise, for the safe-keeping and prompt payment of
the public money deposited with them, and for the faithful performance of their duties
as financial agents of the Government. And every association so designated as receiver
or depositary of t h e public money shall take and receive at par all of t h e national
currency bills, by whatever association issued, which have been paid into the Government for internal revenue, or for loans or stocks.

Personal bonds were, however, used as security for deposits at this
period in larger measure than Government securities. The report of
the Treasurer of the United States for 1864 shows pledged for deposits
in banks $10,697,050 in Government securities and $19,312,700 in personal bonds, while in the report for 1865 for deposits of $32,707,500
the security included only $25,000 from individuals. Personal securities continued to be accepted occasionally up to January 3, 1883. To
that date from April 16,1866, they amounted to $4,345,000, a single institution pledging $3,000,000 in this form. Such transactions occurred
in the fiscal years 1866,1870, 1873,1874,1877, and the last was in 1883.
The Government bonds have been accepted at various rates at different periods, frbm 66 per cent of par to their face value, and all classes
of them when registered now appear on the Treasury books dollar for
dollar as security for deposits.
Since October, 1902, State and city bonds serve at rates and to an
extent fixed by the Department for the like purpose.
Some losses have been suffered by the Government on account of its
deposits in banks. The records show the items below recited as uncollected from depositaries:
Year.

Bank.

1836
1842
1835
1839
1839
1840
1839
1839
1839
1839
1843
1844
1844
1844
1846
1845
1845
1846
1845
1845
1845
1846

Bank of Vincennes, Ind
Bank of Illinois
Farmers and Mechanics' Bank of Indiana.
Tombeckbee Bank
Agricultural Bank of Mississippi
Franklin Bank of Boston
Commercial Bank of Buffalo, N.Y
Franklin Bank of Alexandria, D. C
Bank of Edwardsville, 111
Bank of Missouri-.
Bank of Washington, Pa
Bank of Steubenville, Ohio
Elkton Bank of Maryland
Bank of Somerset, Md
Bank of Columbia, Georgetown, D. C
Virginia Saline Bank
Merchants' Bank of Alexandria, Va
Parkersburg Bank
Bank of Greencastle
Urbana Bank
Juniata Bank
Huntington Bank

Balance due
as per last
statement.

State banks designated as depositaries, etc.




8168,511.64
46, 909.51
31,683.90
98,178.70
583,404.30
12,831. 25
846.94
48,000.00
46,973.00
169,199.87
6,668.15
300,056.33
25,372.19
62,420.36
659,341.08
10,121.00
3,217.00
198.00
595.00
2,839.00
3,200.00
2,380.00

128

REPORT ON THE FINANCES.

Year.

Balance due
as per last
statement.

Bank.
State banks designated as depositaries, eic—Continued.

1845
1845
1845
. 1845
" 1839
1845
1845
1845
1845
1845
1845

Lebanon Miami Banking Company
Farmers and Mechanics' Bank, Pittsburg
Bedford Bank
Farmers, Mechanics and Manufacturers' Bank of Chillicothe
Farmers and Mechanics' Bank, Cincinnati, Ohio
do
Miami Exporting Company, Ohio
Bank of Cincinnati, Ohio
Commercial Bank of Cincinnati, Ohio
Bank of. the Metropolis, Washington, D.C
:
Centre Bank of Pennsylvania

19,575.00
1,311.00
4,059.57
29,729.45
20,213.01
16,753.00
3,469.54
3,846.00
1,021.50
3,059.64
6,381.73

Total State bank depositaries, etc

2,370,856.66

National banks 'designated as depositaries.
1867
1866

First National Bank, Selma, Ala
Venango National Bank, Franklin, Pa
Aggregate—

% 2 , 383.87
Z>
181,377.51

214,761.38
2,585,618.04

States and municipalities not infrequently require payment of interest upon deposits made by them in banks, and also demand security
therefor. For example, the State of New York collects interest on its
funds from depositaries, and accepts as security personal bonds and
the guaranty of corporations. Cities in that State in some cases ask
banks to fix the highest rate of interest which they will pay for deposits with the condition of granting loans to the municipality, and security is called for in the form of personal bonds or the guaranty of
corporations.
Table No. 61 (p. 240) brings together for the first time the history of
the public funds in the depositary banks from 1789 to the current
3^ear. The total balance in the Treasury is stated at the dates named,
and the division is shown between the t r e a s u r y offices and the banks.
Where the number of institutions in each year can be found it is placed
in the fitting column. The compilation has been prepared with the
greatest care.
THE MONETARY STOCK.

. The stock of money continues to grow in large part in gold, showing an addition during the year of $124,882,963. The part of this
increase in gold and bullion was $60,137,401. Standard dollars
advanced in volume by $14,080,956 and subsidiary silver by $4,423,047.
The greater part of the advance in the dollars was due to the cancellation of $10,757,000 in Treasuiy notes. National-bank notes furnished $56,998,559 of the total growth.
In the first quarter of the fiscal year 1904 the metallic stock was
increased by $27,520,044, of which $24,630,661 was in gold and.
$2,889,383 in silver. There Avas an increase of $6,755,885 in nationalbank notes, and a decrease of $1,745,000 in Treasury notes of 1890.




129

TEEASUREB.
M O N E T A R Y STOCK.

[This statement represents the monetary stock of the United States as shown by the revised statements for June 30, 1902 and 1903.]
I n Treasury
and mints.

Kind.

I n circulation. ' Total stock.

J u n e SO, 1902.
$560,200,300
471,387,851
11,462, 534

Total metallic
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes

.

..

$632,394,289
68,747,349
85,721,228

$1,192,594,589
540,135,200
97,183,762

' 1,043,050,685

Gold c o i n a n d b u l l i o n
Silver dollars
Subsidiary silver . . .

786,862,866

1,829,913,551

12,389,294
197,224
11,195,575

334,291,722
29.802,776
345,476,516

346,681,016
30,000,000
356,672,091
733,353,107

Total notes

23,782,093

709,571,014

G o l d certificates
S i l v e r certificates

40,213,080
7,439,338

• 306,399,009
446,557, 662

T o t a l certificates

47,652,418

.-

752,956, 671
2,249,390,551

2,563,266,658

631,420,789
482,008,986
9,307,873

621,311,201
72,207,170
92,298,936

a 1,252,731,990
a 554,216,156
a 101,606,809

1,122,737, 648

785,817,307

a 1,908,554,955

12,432,449
166,352
13,673,941

334,248,567
19,076,648
399,996,709

346,681,016
19,243,000
413,670, 650
779,594, 666

Aggregate
J u n e SO, 1905. ^
Gold coin a n d bullion
Silver dollars
Subsidiary s i l v e r . . . .
Total metallic.
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes .

.

.

26,272,742

753,321,924

..

31,861,310
9,972, 987

377,258, 559
454,733,013

T o t a l certificates

41,834,297

Total notes

.

G o l d certificates
S i l v e r certificates

;..

. .

831,991,572
2,371,130,803

AfiTfirreerate

,

2,688,149,621

October 1, 190S.
654,811,716
480,976,759
7,958,266

622,550,934
75,959,483
94,867,102

1,277,362,651
555,886,980
102,825, 368

1,143,746,741

793,377,519

1,936,074,999

10,302,247
162,792
15,520,837

336,378,769
17,335,208
404,905,498

346,681,016
17,498,000
420,426,535

Total notes

25,986,876

758,619,675

784, 605,551

Gold certifi cate.*5
S i l v e r certificates

26,390,210
6,192,784

394,097,659
458,522,216

Gold coin a n d bullion
Silver dollars i
Subsidiary silver
Total metallic
United States notes
T r e a s u r v n o t e s of 1890.
National-bank notes

^
.
i

.

T o t a l certificates

.

.

.

32,582,994

852,619,875
2,404,617,069

Asrerreffate.

2,720,680,560

a From statement of July 1, 1903..
RATIO OF GOLD TO TOTAL STOCK OF MONEY.

The share of gold in the money of the country received an increment
during the past fiscal year of $60,137,401, and the ratio to the total
stock was raised to 46.60 per cent. In the first quarter of 1904 the
stock of money was. increased by $32,530,929, of which $24,630,661
Avas in gold, and the ratio of gold to the total attained a maximum at
46.95 per cent.

FI 1903
9


130

REPORT

ON THE

FINANOES.

The details follow for the j^ears from 1897:
RATIO

OF

GOLD

TO

TOTAL

STOCK

OF

MONEY

PROM

J U L Y 1,

1897.

[ F r o m t h e r e v i s e d s t a t e m e n t s of t h e T r e a s u r y D e p a r t m e n t . ]
T o t a l s t o c k of
money.
Sl,905,996,619
2,073,574,442
2,190,093,905
2,339,700,673
2,483,147,292
2,563,266,658
2,688,149,621
2,720,680,550

J u l y 1, 1 8 9 7 . . .
J u l y l , 1898...
J u l y l , 1899-.-.
J u l y 1,1900-.-.
J u l y l , 1901--..
J u l y l , 1902.--,
J u l y l , 1903...
O c t o b e r 1,1903

GOLD IN THE

Gold.
S696, 239,016
861, 514,780
963, 498,384
1,034 ~ ^ : , 4 4 4
1,124 639,062
1,192; 594,589
1,252, 731,990
1,277, 362,651

Per cent.
36.52
41.54
43.99
44.21
45.29
46.52
46.60
46.95

TREASURY.

During the same period the share of the 3^ellow metal held by the
Treasurv has received an increment of $452,771,461.86, and amounted
to $631,420,789.43 on July 1 last. The addition for the twelve months
then ended was $71,220,489.46. For the first quarter of the current
fiscal year there was an addition of $23,390,927 made to the gold held
by the Treasury, bringing it up to $654,811,716.50.
The following table gives the details:
GOLD' IN

THE

TREASURY'.

J u l y l , 1897....
J u l y l , 1898.--.
J u l y l , 1899....
J u l y l , 1900...J u l y l , 1901---J u l y 1,1902.--.
J u l y 1,1903.-.O c t o b e r 1,1903

Reserve.

F o r certificates i n circulation.

General fund
(belonging to
Treasury).

SlOO, 000,000
100,000,000
100,000,000
150,000,000
150,000,000
150,000,000
150,000,000
150,000,000

Date.

$37,285,339
35,811,589
32,655,919
200,733,019
247,036,359
306,399,009
377,258,559
394,097,659

$41,363,988.67
67,752,727.90
151,104,414.92
72,844,952.68
97,811,938.42
103,801,290.97
104,162,230.43
110,714,057-50

S178,649, 327.57
203,564, 316.90
283,760, 333.92
423,577, 971.68
494,848, 297.42
560,200, 299.97
631,420, 789.43
-654,811. 716.50

DEPOSITS OF GOLD BULLION AT MINTS AND ASSAY OFFICES, FISCAL YEARS 1902

AND

1903.

The gold bullion received at the mints and assay offices during the
past two years was as stated below:
, ,
'
Philadelphia
San Francisco
New Orleans
New York
Denver
Carson
Boise
Helena
Charlotte
St. L o u i s
Deadwood Seattle

:

Total




1902.

1903.

Sl,358,368.48
44,592,759.89
408,252.74
49,634,947.53
16,518,454.95
308,798.46
1,799,465.29
2,174,935.23
266,656.63
86,233.31
640,452.93
15,353,800.08

$1,352,974.74
40,384, 643.83
511,436.07
52,573,877.53
15,371,980.08
271,622.06
1,336,902.09
2,401,667.65
245 991 15
120,037.03
964,184.22
11,180,406.84

132,043,125.52

126 715 !">?, 29

131

TREASURER.

RECEIPTS FROIM CUSTOIMS AT THE PORT OF NEW YORK AND THE AIMOUISIT
PAID IN GOLD FOR THE FISCAL YEARS NAMED.

Of the total customs collected the receipts at the port of New York
constituted 67 per cent. These were nearly all in gold, the fraction
of less than 2 per cent being really only change. At other ports the
share of gold in customs receipts is about 80 per cent. The data for
New York are here presented:
Paid in gold.
Fiscal year.
1875
1879
1889
1899
1901
1902
1903

...

...

Total receipts.

Amount.

Per cent.

a$108,590,256 a$108,590,256
& 97,343,818
& 37,265,940
146,889,880
125,693,361
137,482,228
107,896,355
131,737,888
152,973,471
155,369,917
165,443,740
177,448,732
180,838,114

....

...
-

100.0
38 3
85.5
78 4
86.1
93 9
98.1

a There are no data to show the kinds of money in which these duties were paid, but during this
year all duties were payable in coin.
&The collections from July to December, inclusive, were $49,127,818, of which $35,970,357 was gold,
eqnal to 73.2 per cent, while the collections from January to June, inclusive, were $48,216,000, of which
$1,295,583 was gold, equal to 2.6 per cent.

IMPORTS AND EXPORTS OF GOLD DURING 1 9 0 3 .

Duringthe fiscal 3^ear 1903 the exports of gold exceeded the imports
by $2,108,568. The ore brought in was mostly from the British northwest adjoining Alaska.
IMPORTS AND EXPORTS OF GOLD COIN AND BULLION AND GOLD IN ORE DURING THE
FISCAL Y E A R 1903.

Kind.
Gold coin and bullion
Gold in ore
Total

Imports.

Exports.

$26,306,190
18,675,837

$46,793,212
297,383

44,982, 027

47,090,595

Net imports. Net exports.

$18,378,454

$20,487,022
2,108,568

MONEY IN CIRCULATION.

The addition to the money in circulation during the fiscal year 1903
was $121,740,252. Of this sum $59,776,462 was in gold coin and certificates, $54,520,193 in national-bank notes, and $18,212,800 in silver
in its three forms of standard dollars, certificates, and subsidiary coin.
A falling off occurred in United States notes and Treasury notes to
the amount of $10,769,283. As a result the circulation to each person
increased $1.02, and the share of gold to the whole to 42.11 per cent,
the highest ratio ever recorded.
Between July 1 and October 1, 1903, the money in circulation was
increased by $33,486,266, of which $18,078,833 was in gold coin and
certificates, $388,762 in United States notes, $4,908,989 in nationalbank notes, and $10,109,682 in silver in its three forms.
The circulation per capita attained a maximum at $29.75.



132

REPORT

ON T H E

FINANCES.

The table groups, the 37^ears from 1890:
MONEY IN CIRCULATION AT THE END OF EACH FISCAL YEAR FROM 1890.
Money in circulation.

Fiscal year.

United
Gold c o i n
Nationala n d g o l d cer- S t a t e s n o t e s b a n k n o t e s .
a n d Treasury
tificates.
notes.

$505,089,782
1890
527,382,232
1891
1892
549,662,443
501,177,852
1893 . .
562,316,579
1894
528,019,270
1895 .
497,103,183
1896
554,875,027
1897
693,762,052
1898
.*.
712,393,969
1899
811,539,491
1900.-876,827,124
1901
938,793,298
1902
998, 569, 760
1903...:
Oct. 1,1903.. 1,016,648,593

$334,688,977
383,556,064
437,658,596
471,630,040
460,206,031
435,037,154
351,185,115
390,384,139
408,440,459
.421,188,606
392,980,487
377,569,944
364,094,498
353,325,215
353,713,977

$181,604,937
162,221,046
167,221,517
174,669,966
200,219,743
206,953,051
215,168,122
225,544,351
222,990,988
237,805,439
300,115,112
345,110,801
345,476,516
399,996,709
404,905, 698

Silver
certificates,
standard
dollars, a n d
subsidiary
silver.

Total.

$407,867,574 $1,429,251,270
424,281,365 1.497.440.707
446,804,631 1,601,347,187
449,223,387 1,596,701,245
438,066, 355 1.660.808.708
431,958, 998 1,601, 968,473
442,978,546 1,506,434,966
469,406,002 1,640,209,519
512,666,396 1,837,859,895
532,683,867 1,904,071,881
550,515,908 2,055,150,998
575,800,093 2,175,307,962
601,026,239 2,249,390,551
619,239,119 2,371,130,803
629,348,801 2,404,617,069

Percenta g e of
Circu- g o l d c o i n
l a t i o n a n d certificates
per
capita. to total
circulation.
$22.82
23.42
24.56
24.03
24. 52
23.20
21.41
22.87
25.15
25.58
26.94
27.98
28.43
29.45
29.75

. 35.34
35.22
34.32
31.38
33.85
32.96
32.99
33.82
37.74
37.41
39.48
40.30
41.73
42.11
42.27

NOTE.—Currency certificates, act of June 8,1872, are included in the amount of United States notes
and Treasury notes.
CIRCULATION AND POPULATION.

The prediction in the report of the Treasurer of the United States
in November, 1902, has been fulfilled, and the percentage per capita
of growth of circulation keeps ahead of that of population. During
the fiscal year 1903 the increase in population was 1.7 per cent while
that in circulation was 3.5 per cent.
Comparison of the aggregate and of the growth for each of fourteen
years may be studied in the annexed table, which is brought down to
October 1, 1903:
INCREASE IN POPULATION AND I N CIRCULATION P E R CAPITA;

Fiscal year.

1890..
1891
1892
1893
1894
1895
1896..
1897
1898
1899
1900
1901
1902
1903
Oct 1 1903 . .

•
-

:
.. •

M o n e y i n circulation.

$1,429,251,270
1.497.440.707
1,601,347,187
i,596,701,245
1.660.808.708
1,601,968,473
1,506,434,966
1,640,209,519
1,837,859,895
1,904,071,881
2,055,150,998
2,175,307,962
2,249,390,551
2,371,130,803
2,404,617,069

P e r c e n t of P e r c e n t of
increase
increase
P o p u l a t i o n . C i r c u l a t i o n of p o p u l a - of c i r c u l a per capita.
tion per
tion per
capita per
year.
year.
62,622,250
63,947,000
65,191,000
66,456,000
67,740,000
69,043,000
70,365,000
71,704,000
73,060,000
74,433,000
76,295,220;
77,754,000
79,117,000
80,487,000
80,831,000

$22.82
23.42
24.56
24.03
24.52
23.20
21.41
22.87
25.15
25.58
26.94
27.98
28.43
29.45
29.75

2.1
2.1
1.9
1.9
• L9
1.9
1.9
1.9"
1.9
1.9
2.5
1.9
1.7
1.7
.4

1 3
2.6
4 8
a 2.1
2 0
a 5.3
a 1.1
• 6.8
9.9
1.7
5 3
3.8
1.5
3.6
1.0

a Decrease.
TRANSFERS FOR DEPOSITS I N N E W YORK.

The transfers of currency by telegraph against deposits in New
by year no little attention. They are in largest

York attract year



133

TREASURER.

volume from July, and especially from August to December, inclusive.- They constitute the direct requirements upon the Treasury to
cover what is popularly styled money to move the crops, and payment
is made in most marked sums to New Orleans to help market cotton
and sugar, and to Chicago for grain. Small denominations are almost
always wanted for local use in .the producing districts and depositors
find it most convenient to offer gold certificates for the exchange. As
the denomination of $10 is now issued only in United States notes and
those of $5 and below only in silver certificates, the result is that the
Treasury gives out that kind of paper and receives gold in the form of
certificates. Thus in 1902 deposits for this purpose in New York were
$22,676,000, of which all but $397,000 was in representatives of the
yellow metal. Of the gold certificates paid on this account in New
Orleans and Chicago the largest share was in twent3^-dollar bills. In
1903 deposits for like account have been made in Chicago for transfer
to New Orleans, amounting to $200,000 to October 1.
This demand varies somewhat in recent seasons. After an advance
from transfers of $15,258,500 in 1899 to $27,036,000 in 1900, it became
$23,035,000 in 1901 and $22,676,000 in 1902. From January 1, to
October 1, 1903, the transactions were $9,949,000, and thus less by
$3,282,000 than for the like period in the previous calendar year.
The following tables give the deposits in New York in all months
when any were received, and the resultant payments by telegraph in
the several cities:
Transactions.

Gold coin United States Treasury Silver cerand
notes.
tificates.
notes.
certificates.

Total.

•

1899—Receipts:
In January
In March
In August
In September
In October
In November
In December .

$713,600
10,000
850,000
2,800,000
3,965,000
2,050,000
2,950,000

.

Total

13,338,500

Paid by the Treasurer and assistant
treasurers of the United States:
Washington—
In January
In March
In August .
Total
Chicago—
In August
In September
In October
In December

250,000

695,000
262,500
175,000

280,000
60,000

$45,000

$713,500
550,000
850. 000
3,675,000
4,295,000
2,225,000
2 950 000

390,000

15,258,500

38,500

500
550,000
250,000

38,500

838,500

$50,000

7,500

1,477,500

52,500

380,000

170,000

380,000

170,000

.....

Total




600,000
1,600,000
2,400,000
300,000

600 000
1,600,000
2,400 000
300,000

4,900,000

-

Total
St. Louis—
In December
New Orleans—
In January
In September
In October
In November
In December

250,000

$445,000

4,900,000

250,000

250,000

• 150,000
1,010,000
1,565,000
2,050,000
2,050,000

248,900
840,000
262,500
175,000
225,000

50,400

90,000

35,000

675,000
2,075,000
1,895 000
2,225,000
2,400,000

6,825,000

1,751,400

147,900

545,700

9,270,000

7,500"

225,700
225,000
60,000

184

EfiPORT ON 'THE FINANCES.
Transactions.

1900—Receipts:
In February
In March
I n April
In July
I n August
I n September
I n October .
In November
In December....

Gold coin
and
certificates.

United States Treasury
coin.
notes.

$1,500,000
600,000
900,000
150,000
250,000
6,567,000
7,259,000
3,475,000
4,903,000

Total

$627,000
554,000

$31,000

12,000

Silver certificates.

Total.

$391,000
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

1,208,000

27,036,000

24,604,000

Paid b y t h e Treasurer a n d assistant
t r e a s u r e r s of t h e U n i t e d S t a t e s :
Washington—
I n October 1

1,193,000

100,000

100,000

200,000
1,300,000
600,000
900,000
600,000
2,750,000
1,000,000
400,000

31,000

Chicago—
In Pebruary
In March
I n April
I n September
I n October
In November
I n December

1,300,000
600,000
900,000
500,000
1,655,000
500,000
300,000

100,000
1,075,000
600,000
100,000

• 20,000

Total

5,756,000

1,775,000

20,000

7,550,000

St. Louis—
I n September
I n October
In November

655,000
1,058,000
50,000

655,000
574,000
50,000

190,000
118,000

1,500,000
1,750,000
100,000

1,763,000

1,279,000

308,000

3,350,000

100,000
150,000
260,000
4,155,000
2,746,000
2,375,000
3,874, 000

16,000

64,000
135,000
300,000
225,000
185,000

200,000
150,000
250,000
4,485,000
3,651,000
2,600,000
4,700,000

20,000

909,000

15,936,000
425,000
200,000
1,480,000
470 000
'1,325^000
3,450,000
4,485,000
3,965,000
1,730,000
5,606,000

- Total
N e w Orleans—
In February..
In July
I n August
I n September
I n October
In November
I n December

;.

Total
1901—Receipts:
In March
I n April
In May
In June. In July
I n August
In September
I n October
In November
In December

195,000
605,000
641,000

13,650,000

:

Total
Paid by t h e Treasurer a n d assistant
t r e a s u r e r s of t h e U n i t e d S t a t e s :
Washington—
In March
In May
In July
:
In September
In December

20,000

1,357,000

395,000
200,000
995,000
348,000
1,087,000
3,251,500
• 3,874,000
3,525,000
1,668,000
6,208,000

37,000
216,000

10,000

132,000
82,000
200,000
70,000
611,000
440,000
25,000
72,000

20,551,500

841,600

10,000

1,632,000

23,035,000

25,000

30,000
353,000
40,000
38,000
128,600

5,000

20,000

25,000
200,000
==50 000
100,000
25,000

5,000

95,000

400,000

Baltimore—T
In September
I n October

30,000
25,000

30,000
25 000

Total

55,000

55,000

Total

Cincinnati—
In March
I n October
Total




200,000
50,000
100,000
300,000

.

* 100,000
36,000

17,500

17,500

100,000
70,000

135,000

17,500

17,500

170 000

135

TRBAStTBEB.
Transactions.

Paid by the treasurer a n d assistant
treasurer of the United States—Con.
Chicago—
I n March
In April,
In July
I n August
I n September
I n November
I n December

Gold coin
United States] Treasury
and
notes.
notes.
certificates.

Silver certificates.

Total.

$100,000
120,000
450,000
1,692,000
1,070,000
100,000
800,000

$100,000
40,000
300,000
880,000
620,000
50,000
380,000

$40,000
150,000
678,000
360,000
50,000
120,000

$200,000
200,^000
900,000
3,150,000
2,050,000
200,000
1,300,000
8,000,000

4,232,000

2,370,000

;,ooo

St. Louis—
I n September.
In October . . .

250,000
150,000

180,000
90,000

70,000
60,000

500,000".
300,000

Total.

400,000

270, OOO

130,000

800,000

50,000
735,000
308,000
112,000

132,000
82,000
70,000
120,000
852,000
1,025,000
355,000
534,000

100,000
1,280,000
470,000
376,000
300,000
1,805,000
3,570,000
1,530,000
4,180,000

3,170,000

13,610,000

37,000

690,000
500,000
700,000
350,000
975,000
270,000
2,280,000
2,370,000
5,096,000
3,630,000
2,310,000
3,605,000

Total.

New Orleans—
In March
In May
In June
I n July
In August
I n September.
In October
I n November.
In December.

585,750
1,875,000
838,000
3,091,000

50,000
413,000
80,000
193,000
180,000
367,250
670,000
337,000
555,000

Total.

7,594,750

2,845,250

1902—Receipts:
I n January
I n February..
In March
In April
I n May
In June
In July
I n August.
In September.
In October —
In November.
In December.

650,000
500,000
700, 000
350,000
975,000
233,000
2,280,000
2,355,000
6,096,000
3,425,000
2,310,000
3,405,000

40,000

Total...

22,279,000

350,000

47,000

22,676,000

120,000
185,000
105,000

40,000
116,000
70,000

40,000
50,000
25,000

200,000
350,000
200,000

225,000

115,000

750,000

200,000
200,000
640,000
665,000
910,000
655,000
250,000
100,000

200,000
200,000
180,000
460,000
535,000
205,000

100,000
100,000
280,000
225,'000
355,000
340,000

500,000
500,000
1,100,000
1,250,000
1,800,000
1,200,000
250,000
100,000

3,520,000

1,780,000

1,400,000

446,000
725,000
150, 000
730,000
430,000
1,825,000
1,415,000
1,640,000
3,395,000

145,000
160,000
70,000
260,000
265,000
834,000
625,000
226,000
40,000

100,000
90,000
50,000
190,000
225,000
637,000
390,000
195,000
70,000

690,000
975,000
270,000
1,180,000
920,000
3,296,000
2,330,000
2,060,000
3,505,000

10,755,000

2,624,000

1,947,000

15,226,000

Paid by the assistant treasurers of the
United States:
Cincinnati—
In March
In April
In August
Total

%.-,

Chicago—
In February
I n March
In July
I n August
I n September
In October ..."
I n November
I n December
Total
New Orleans—
In January
In May
In June
In July
In August
In September
In October
In November
I n December

."

Total




5,000

"i6,"6oo"

'iob',obo
200,000

i 700,000
,

136

REPORT ON THB F I N A N C E S .
Gold coin United States Treasury Silver cerand
tificates.
notes.
notes.
certificates.

Transactions.
1903—Receipts:
In January
In F e b r u a r y . . .
In March
In April
In May
In June .'.
.* .
In July
In August
.
.
In September

$510,000
1,788,000
600,000
280,000
650,000
1,324,000
550,000
575,000
3,755,000

. ...:

Total

9,932,000

Paid by the Treasurer and assistant
"treasurers of the United States:
Washington—
In May
In July ..
..
".

$12,000

$5,000

12,000

Total.

$510,000
1,800,000
600,000
280 000
650,000
1,324,000
555,000
576 000
3,765,000
9,949,000

ioo, 666

200,000
100,000

100,000

200,000

5,000

300,000

Total

200,000

Chicago—
In February
In March
Ill July

460,000
80,000
100,000

160,000

. 380,000
20,000

1,000,000
100 000
100 000

Total

-.

640,000

160,000

400,000

1,200,000

New Orleans—
In January
In February
In March
In April
In May
In June
In July
In August
In September

300,000
600,000
360,000
280,000
350,000
1,304,000
350,000
575,000
1,885,000

90,000
130,000
80,000

120,000
70,000
60,000

1,005,000

865,000

510,000
800,000
500,000
280,000
350,000
1,324,000
355,000
575,000
3 755 000

Total

6,004,000

1,326,000

1,120,000

8,449,000

20,000
5,000

EXCHANGE FOR GOLD RECEIVED AT WESTERN MINTS AND ASSAY
OFFICES.

Gold deposited in the mints and assay offices is paid for in the case
of the New York assay office by checks on the assistant treasurer in
that city, and at other places by checks on local institutions, or on
New York, Chicago, or San Francisco, as the depositors may elect.
In the past fiscal year gold coin to the amount of $3,200,000 was trans-,
ferred from San Francisco to local banks in Seattle for credit of the
assay office there for such transactions. This sum was $1,900,000
greater than that used for the like purpose in the preceding twelve
months. The proceeds of gold deposited with the mint at San Francisco may, at the option of the owner, be deposited with the assistant
treasurer at that point. The exchange is paid in New York or Chicago
on telegraphic notice of the deposit at the western offices.
These payments by transfer at San Francisco, Chicago, and New
York, for the several offices, are reported for three fiscal years and first
quarter of 1904, in the annexed table:




137

TREASURER.

EXCHANGE P A I D FOR GOLD RECEIVED AT WESTERN MINTS AND ASSAY OFFICES.

Exchange.

United
States mint,
Denver.

United States assay oifices.
Boise.

Deadwood.

Helena,

Seattle.

ON CHICAGO.

Fiscalyear 1901.
1900—July
August ...'.September
October
November
December
1901—J.anuary
February
March
April
May
•
June
Total.

Sl, 000,000
500,000
500,000

$150,000
100,000
150,000

$50,000

100,000
50,000
50,000

50,000

$200,000
100,000
100,000
200,000
100,000
200,000
200,000

1,000,000
500,000
500,000
500,000
500,000
500,000
500,000
1,000,000
500,000

150,000
100,000

7,500,000

900,000

200,000

1, 500,000

150,000
100,000
100,000
150,000
50,000
100,000
100,000
100,000.
60,000
100,000
100,000
100,000

50,000
50,000
60,000

200,000
100,000
100,000
100,000
200,000
100,000
100,000
100,000
100,000
100,000

$400,000
400,000
500,000

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

5o;ooo

1,300,000

Fiscal year 1902.
1901—July
August
September
October
November
December
1902—January
February
March
April
May
June
Total -

500,000
600,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000

50,000
60,000
50,000
50,000
50,000
75,000

200,000
200,000

100,000

200,000

1,300,000

600,000

4,500,000

1,150,000

475,000

500,000
500,000
658,773
500,000
500,000
500,000
600,000
500,000
500,000
500,000
500,000
500,000

100,000
150,000
100,000
60,000
100,000
50,000
50,000
50,000
100,000
50,000
150,000

75,000
150,000
75,000
75,000
76,000
75,000
75,000
75,000
75,000
74,574
75,000
76,000

6,158,773

950,000

974,574

1,050,000

Fiscal year 190U.
1903—July
.August
September.

500,000
1,000,000

50,000
100,000
60,000

75,000

'76,'656'

300,OOO
1,300,000

Total..

1,500,000

200,000

150,000

Fiscal year 190S.
1902—July
August
September.
October
November.
December .
1903—January . . :
February..
March
April
May
June
Total

United States mints.

300,000

"256,"666

500,000

1,600,000

United States assay offices.

Exchange.
San Francisco.

Denver.

Charlotte.

Seattle.'

ON N E W Y O R K .

Fiscal year 1901.
1900—July
Augnst
September.
October
November .
December..
1901—January
February ..
March
April
May
June

$7,500,000

Total.


28,800,000



3,000,000
10,000,000
5,000,000
1,300,000

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

1,017,
565,
1,066,
698,
1,039,
904,
852,
1,087,
1,090,
860,
658,
10,821,000

20,000
40,000

$2,000,000
3,000,000
2,000,000
3,000,000

20,000
20,000

200,000

$20,000

20,000
20,000
20,000

1,000,000
180,000

11,200,000

138

REFORT ON T H E F I N A N C E S .

EXCHANGE P A I D FOR GOLD RECEIVED AT WESTERN MINTS AND ASSAY OFFICES-

Continued.
United States mints.

United States assay offices.

Exchange.
San Francisco.

Denver.

Charlotte.

Seattle.

ON NEW YORK—cohtinued.
Fiscal year 1902.
1901—July
August
:
September
October
November
. December
1902—January
February
March
April
May
June

S625,000
920,000
665,000
879,000
810,000
1,100,000
900,000
1,000,000
1,000,000
900,000
900,000
900,000

$20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000
20,000

$3,000,000
2,600, OOO
1,000,000
3,500,000

20,500,000

10,599,000

240,000

11,200,000

2,000,000
2,000,000
2,000,000

1,100,000
900,000
936,244
725,000
385,000
1,000,000
800,000
600,000
.1,000,000
600,000
800,000
800,000

20,000
20,000
20,000
40,000

2,000,000
1,000,000
1,000,000
2,000,000
500,000

6,000,000

9,646,244

192,250

1,700,000

1903—July
August
September.

2,000,000

900,000
600,000
400,000

20,000
20,000
20,000

5,000,000
1,000,000
2,000,000

'Total.

2,000,000

1,900,000

60,000

Total-

$3,000,000
4,000,000
6,000,000
3,000,000
6,500,000

200,000
1,000,000

Fiscal year 1003.
1902—July
August
September
October
November
December
1903—January
February
March
April
May
June '.
Total...

20,000
20,000
12,250
20,000
20,000

Fiscal year i90U.

; 000,000
,

United States
assay office at
Helena.

Exchange.
ON PHILADELPHIA.

Fiscalyear 1902. '.
1902—June

'

SlOO, 000

Fiscal year 1903.
1902—July
October
November
December
1903—February
March
April
May

.

...
-

-

Total

500,000
100,000
200,000
100,000
100,000
100,000
100,000
200,000
1,400,000

Fiscal year 190U.
1903—July
August

.. - -

T o t a l . -.




100,000
750,000
850,000

139

TREASURER.
EXCHANGE P A I D FOR GOLD RECEIVED AT WESTERN

MINTS AND ASSAY O F F I C E S ^

Continued.
United
States mint
at Carson.

Exchange.

United States assay
offices.
Boise.

Seattle.

ON SAN FRANCISCO.

Fiscal year 1901.
1900—July
August
September
October .
November
December
1901—January
February
March
.
April
Mav
June

• ..

.-

•- '.

$25,000

.

50,000

..
.

.

60,000

$50,000
50,000
50,000
60,000
50,000
50,000
50,000

60,000

50,000
50,000
60,000
100,000

175,000

.

600,000

..

--

Total..

$600,000

500,000

Fiscal year 1902.
•

1901—July
1..
. August
September .
October
November
December
1902—Januarv
February
March
April - May
June . . •

--

...
•

.

50,000
50,000

100,000
60,000
50,000
100,000
100,000

.

• 50,000.
-

50,000

50,000
60,000
50,000

160,000

--

600,000

---

Total
Fiscal year 1903.

50,000

1902—July
August
September
October;
November
1903—February
March. ?
June

66,666

50,000
50,000

Total..

50,000
60,000
50,000
50,000
50,000

200,000

.

300,000

50,000

Fiscal year 190U.
1903—July
August
September
Total..

50,000
50,000
60,000
150,QOO

CLASSIFICATION OF CURRENCY OF $ 2 0 AND BELOW AND ABOVE $ 2 0 .

The changes effected during the year ended September 30, 1903, in
the paper currenpy of $20 and below, resulted in an increase of
$89,793,377, while only $10,440,300 was added to the paper of denominations above $20.
The variations in the denominations of the currency during the past
five years are illustrated in the annexed table:




140

REPORT ON T H E FINAlsrOES.
S e p t e m b e r 30—
Denomination.
1902.

1901.

1900.

1899.

1903.

$646,661,185

$620,047,309

S631,201,267

$624,728,060

$622,550,934

.

57,810,855
35,983,321
291,845,606
324,244,112
261,872,486

61,528,399
38,967,286
298,136,679
376,617,472
291,952,816

67,679,561
42,801,259
310,570j 049
409,071,052
313,037,576

74,371,228
44,574,381
342,478,389
427,956,502
325,062,126

81,500,145
47,613,948
356,727,582
466,040,5'62
352,353,766

Total twenty dollars
and under in paper.

961,756,279

1,067,202,652

1,143,159,497

1,214,442,626

1,304,236,003

A g g r e g a t e twenty
dollars a n d u n d e r
i n g o l d a n d p a p e r . 1,608,317,464

1,687,249,961

1,774,360,764

1,839,170,686

1,926,786,937

61,922,965
81,314,170
22,104,750
78,788,500
29,325,000
68,100,000

57,972,315
86,506,670
23,229,500
73,011,600
28,650,000
81,980,000

57,870,865
85,628,270
21,959,000
72,892,600
29,775,000
87,970,000

60,519,215
92,563,720
-20,878,500
73,124,500
32,130,000
87,320,000

Gold coin
Paper currency:
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars

60,229,915
68,990,17021,647,500
68,923,500
14,630,000
42,810,000

F i f t y dollars.'
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
T o t a l fifty d o l l a r s a n d
over

Net paper

341,655,385

351,349,885

• 356,095,635

366,535,935

1,408,758,037
1,000,000

1,494,509,382
1,000,000

1,570,538,261
1,000,000

1,670,771,938
1,000,000

1,237,987,364

1

Aggregate gold a n d
naner
•

277,231,085
1,238,987,364
1,000,000
'

Aggregate paper
Unknown, destroyed

1,407,758,037

1,493,509,382

1,569,538,261

1,669,771,938

1,884,548,549

2,027,805,346

2,124,710,649

2,194,266,321

2,292,322,872

KINDS OF CURRENCY.

The kinds of currency in circulation are shown below in their variations during the past three years and to October 1, 1903:
Kind.

J u l y 1, 1901.

J u l y 1, 1902.

J u l y 1, 1903.

Oct. 1, 1903.

Total

RATIO OF

$629,790,765
247,036.359
66,921; 323
429,643,556
79,235,214
47,624,538
330,045,406
345,110,801

$632,394,289
306,399,009
68,747,349
446,657,662
85,721,228
29,802,776
334,291,722
345,476,516

• $621,311,201
377,258,559
72,207,170
454,733,013
92,298,936
19,076,648
334,248,567
399,996,709

$622 550,934
394,097,659
75,Q59,483
458,522,216
94,867,102
17,335,208
336,378,769
404,905,698

2,175,307,962

Gold c o i n
Gold certificates
S t a n d a r d silver dollars
S i l v e r certificates
S u b s i d i a r y silver c o i n
T r e a s u r y n o t e s of 1890
United States notes
National-bank notes

2,249,390,551

2,371,130,803

2,404,617,069

AND LESS TO ALL PAPER.

A continual growth is marked in the ratio of the denomination of
$10 and below to total paper, notwithstanding the large and constant
increase in the volume of gold certificates, which are all of, $20 and
above. This growth hardly keeps pace with the demand for small
notes. The change of all IJnited States notes into $10, and of silver
.certificates into $5 and below, has proved of much public convenience.
When this process shall reach its limit, as it can not fail to do in about
two years, the question of further provision will force itself into immediate attention. The pressing demand for $10 notes can be met by an
act of Congress authorizing the issue of gold certificates of that denomi


141

TREASURER.

nation, while the supply of $5 can be furnished by removing the restriction upon the volume of such notes permitted to national banks. Silver
certificates can then settle into $1 and $2 and be adequate for the needs
of the people.
The progress of change can be studied in the subjoined table, which
exhibits the ratio of small notes to the total down to October 1, 1903:
Denominations of $10 and less.
Total paper
currency.

Date.

J u l y l , 1897...J u l y l , 1898....
J u l y l , 1899....
J u l y l , 1900....
J u l y l , 1901..-J u l y l , 1902....
J u l y l , 1903....
October 1, 1903

$1,169,788,004
1,139,339,402
1,144,266,891
1,380,832,739
1,473,177,892
1,534,962,196
1,654,420,535
1,670,808,420

One
dollar.

Tvvo
dollars,

Five
dollars.

dollars.

3.96
4.36
4.88
4.36
4.34
4.63
4.97
4.87

2.57
2.80
2.98
2.74
2.74
2.77
2.83
2.84

22.86
24.19
25.10
21.20
20.72
21.34
21.10
21.34

25.56
26.89
28.11
26.72
27.11
27.44
27.87
27.89

Total.
64.95
58.24
61.07
55.02
64.91
56.18
56.77
56.89

PAPER CURRENCY PREPARED FOR ISSUE.

To meet this constant pressure for small notes, strenuous effort is
put forth to prepare in advance the currency for issue as called for.
Large denominations go out in health}^ measure, but while the number
of pieces made ready has run up since 1890 by 379 per cent, their total
value in the same interval has become greater by 227 per cent. The
average value of each piece has fallen from $6,096 to $4,162.
The currency actually issued, notwithstanding this accumulated
preparation, moves on with equal steps with it. The pieces put out
in 1903 were greater than in 1890 by 281 per cent, while their value
increased by 124 per cent. Each note issued is worth on the average
$3,901. The movement presents interesting comparisons:
NUMBER OF PIECES OP PAPER CURRENCY PREPARED FOR ISSUE IN THE FISCAL YEARS
1890, 1895, 1900, 1902, AND 1903.
Number of
notes and
certificates.

Fiscal year.
1890
1895
1900
1902
1903

Total value. Average
value.

30,976,881 $188,846,000
56,012,500 296,816,000
87,111,000 526,296,000
136,721,000
591,580,000
148,446,000 617,936,000

NUMBER OP PIECES OP PAPER CURRENCY ISSUED IN THE FISCAL YEARS 1890,

$6.096
6.299
6.041
4.326
4.162

1895,

1900, 1902, AND 1903.
Number of
notes and
certificates.

Fiscal year.
1890
1895
1900
1902
1903

. .
:




.••

Total value. Average
value.

37,065,880 $245,142,000
65,932,798 301,805,983
78,132,176 495,545,000
116,697,874 466,908,000
141,235,371 651,038,000

$6,613
6.396
6.342
4.000
3.901

142

REPORT ON T H E F I N A N C E S .
CURRENCY ISSUED AND REDEEMED.

The paper currency issued in the fiscal year 1902 was in number ot
pieces 27.8 per cent greater than in 1901, and in 1903 21 per cent
greater than in 1902. In value the advance was 14.6 per cent from
1901 to 1902, and 18 per cent from 1902 to 1903. The addition to the
number of pieces from 1901 to 1903 was 49,944,340.
In the first quarter of 1904 the number of pieces issued was 1,297,159
greater than in the same period of the preceding year. In value the
advance was $7,670,000.
UNITED STATES P A P E R CURRENCY ISSUED DURING THE FISCAL YEARS 1902

Fiscal year 1902.
Month.

July
AugList
September
October
November
December
January
February
March
April
May
-•.'
June Total..
Per cent of increase over
preceding year

AND

Fiscal year 1903.
Average
Number .
value of
notes and of notes and
certifi- certificates.
cates.

Number
of notes and
certificates.

1903.

Average
value of
note.s and
certificates.

8,954,571
9,325,791
8,319,435
9,852,562
9,895,477
10,059,405
10,036,329
8,757,817
10,566,535
10,392,840
10,508,937
10,029,175

$38,438,000
38,666,000
33,366,000
45,840,00035,906,000
35,134,000
45,722,000
35.986,000
40;454,000
42,744,000
38,302,000
36,350,000

$4.292
4.146
4.010
4.652
3.628
3.492
4.555
4.109
3.829
4.055
3.644
3.624

11,620,563
10,680,778
11,436,384
10,952,975
10,385,757
12,641,119
12,680,040
10,064,661
12,278,466
11,158,476
12,158,576
15,177,576

$50,582,000
37,544,000
41,468,000
41,058,000
40,134,000
49,186,000
64,468,000
39,618,000
47,792,000
47,128,000
45,252,000
46,808,000

S4.352
3.515
3.626
3.748
3.864
3.890
5.084
. 3.936
3.892
4.223
3.721
3.084

116,697,874

466,908,000

4.000

141,235,371

551,038,000

3.901-

27.8

14.6

•21.0

18.0

UNITED STATES PAPER CURRENCY ISSUED DURING THE FIRST QUARTER OP 1903

AND

; OF 1904.
First quarter fiscal year 1903.
Month.

July
August
September .
Total

Number of
notes and
certificates.

Amount.

First quarter fiscal year 1904.

Average
value of Number of
notes and notes and
certifi- certificates.
cates.

Amount.

Average
value of
notes and
certificates.

11,620,563
10,680,778
11,436,384

$50,582,000
37,544,000
41,468,000

$4,352
3.515
3.626

10,791,230
$46,644,000
12,014,604 . 45,224,000
12,229,050
45,396,000

$4,322
3 764
3 712

33,737,725

129,594,000

3.841

35,034,884 . 137,264,000

3 917

R E D E M P !T O N S .

The redemptions follow at only a short distance the issues of Government paper. The increase in pieces from 1901 to 1902 w'as 23.6 per
cent, and in the year ended Jul}^ 1 last was 22.1 per cent. The
addition from the first named year to the last was 41,512,029 pieces.
In the first quarter of 1904 the number of pieces redeemed was
7,801,939 greater than in the first quarter of 1903, while in value the
increase was $23,348,000.



143

TREASURER.

UNITED STATES PAPER CURRENCY REDEEMED DURING THE FISCAL YEARS 1902 AND 1903.
Fiscal year 1902.
Number of
notes and
certificates.

Month.

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

Amount.

Fiscal year 1903.
Average
value of Number of
notes and notes and
certificertificates.'
cates.

Average
value of
notes and
certificates.

7,397,907
7,271,907
4,969,699
7,513,328
7,751,997
8,513,277
10,453,793
9,962,214
8,788,671
9,242,290
9,448,680
9,346,931

10,025,308
8,727,818
7,864,792
9,164,574
8,481,963
10,513,331
13,823,007
10,797,989
10,405,014
10,853,878
11,256,526
10,992,394

$39,196,000
33,633,000
31,445,000
36,640,520
31,214,000
41,848,500
54,171,000
41,764,000
42,510,000
41,709,200
46,915,000
47,512,000

$3.909
3.968
3.997
3.998
3.680
3.980
3.918
3.868
4.086
3.842
4.167
4.322

408,083,600

4.054

122,906,584

488,658,220

3.975

23.6

Total
Per cent of increase from
preceding year

4.486
5.104
3.989
3.855
3.944
3.907
3.639
3.837
3.823
3.843
4.050

100,660,694

:

$36,201,000
32,624,000
25,367,600
29,975,000
29,886,000
33,583,000
40,846,000
36,255,000
33,730,000
35,341,000
36,318,000
37,967,000

13.7

22.1

19.7

UNITED STATES PAPER CURRENCY REDEEMED DURING THE FIRST QUARTER OF 1903
AND OF 1904.
First quarter fiscal year 1903.
Month.

Number of
notes and
certificates.

Amount.

First quarter fiscal year 1904.

Average
value of Number of
notes and notes and
certifi- certificates.
cates.

Amount.

Average
value of
notes and
certificates.

Julv
August
September

10,025,308
8,727,818
7,864,792

$39,196,000
33,633,000
31,445,000

$3.909
3.968
3.997

12,722,522
11,537,657
10,159,678

$45,445,000
42,742,000
39,435,000

S3.572
3,704
3,881

Total

26,617,918

104,274,000

3.917

34,419,857

127,622,000

3,707

PERCENTAGE OF VALUE OF NOTES AND CERTIFICATES.

Of the total Government paper outstanding 32.1 per cent was
redeemed in 1901. The next fiscal year the redemptions were 34.6
per cent of the outstanding. In 1903 they became 39.3 per cent.
In the small denominations, in 1901 $1 to the percentage of 65.3
were redeemed; in 1902, 74 per cent, and in 1903, 78.5 per cent.
Redemptions of $2 ran up in these years from 57.2 to 68 to 72.1 per
cent.
Curious students of the currency may find interest in the tables o:l^
the redemptions by months in the past two 5^ears.
PERCENTAGE OF OUTSTANDING GOVERNMENT P A P E R CURRENCY OF EACH DENOMINATION
REDEEMED E A C H MONTH OP THE FISCAL YEARS 1901 AND 1902.
Denomination.

July. Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jurie. Total.

1902.
.5.7
One dollar
5.1
Two dollars
3.5
Five dollars
2.8
Ten dollars
1.9
Twenty dollars.-•
L8
Fiftydollars
One hundred dollars. 1.9
Five hundred dollars. 1.1
One thousand dollars. 1.7
Five thousand dollars. 0.1
Ten thousand dollars. 8.4

5.7
4.8
3.3
2.4
1.7
1.9
L8
1.7
4.8
0.0
3.1

3.7
3.2
2.2
1.6
1.2
1.5
1.4
5.3
1.6
0.2
6.6

6.8
6.0
3.2
2.2
1.5
2.1
1.7
1.9
L3
0.1
3.6

Digitized for Total
FRASER - . . . 3.2 2.8


2.2

2.6

6.1
5.6
3.0
2.1
L5
2.1
L7
3.4

a.2
0.2
3.6
2.5

6.5
5.9
3.3
2.6
L6
2.1
1.8
2.4
1.4
0.3
4.2

7.3
6.7
4.9
3.6
2.4
2.3
L8
2.0
1.5
0.2
1-2

7.9
7.3
3.7
2.7
1.9
L7
1.4
1.2
L4
0.1
3.6

6.8
6.1
3.4
2.5
L7
1.9.
1.4
1.1
0.8
0.2
4.6

6.9
6.3
3.8
2.8
2.0
L9
1.6
1.4
0.9
0.1
2.9

6.7
6.1
4.2
3.0
2.0
L9
1.5
L4
0.9
0.1
2.3

6.7
6.0
4.0
2.9
2.0
1.9
L7
L3
LO
0.6
4.4

74.0
68.0
41.2
31.1
22.1
23.7
19.8
25.3
19.0
2.4
46.6

2.8

3.5

3.1

2.8

3.0

3.0

3.2

34.6

144

REPORT ON T H E F I N A N C E S .

PERCENTAGE OP OUTSTANDING GOVERNMENT P A P E R CURRENCY OP E A C H DENOMINATION

REDEEMED EACH MONTH OP THE FISCAL YEARS 1902 AND 1903—Continued.
July. Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. June. Total.

Denomination
1903.

Total

7.1
6.1
4.6
3.0
2.0
2.1^
L9
1.6
Ll
0.6
3.0

6.3
5.4
3.6
2.5
L7
L8
L8
1.4
0.9
0.1
3.5

5.7
4.9
3.0
2.0
L5
L8
L8'
2.3
0.8
0.1
4.9

6.6
6.9
3.3
2.3
L6
2.7
3.1
L5
L5
0.4
6.6

3.2

One dollar
Two dollars •.
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars..
Five hundred dollars.
One thousand dollars.
Fivethousand dollars.
Ten thousand dollars.

2.8

2.6

3.0

6.0 7.0
5.2 6.2
.3.2 4.4
2.2 2.9
L 5 L8
L7 2.3
L9 2.2
1.4 L 8
0.7 L 2
0.1 0.3
3.0 5.3
2.6

3.4

9.1"
8.1
5.7
4.6
2.9
2.1
2.0
2.4
L6
0.5
3.3

7.6
6.5
4.2
2.8
2.0
2.1
1.8
L3
0.7
0.4
6.3

7.4
7.4
6.4
6.4
3.8
4.2
2.5
3.0
L7
2.1
2.2
2.0
L9
L9
2.5
2.1
L6
L5
0.6
0.7
8.2 - 3.4

7.3
6.4
4.7
3.4
2.3
2.2
L9
L9
L2
0.6
6.1

6.4
6.6
4.7
3.6
2.6
2.2
2.0
1.6
0.9
0.6
6.5

78.5
72.1
49.8
34.6
23.6
25.0
23.3
22.6
14.5
6.5
60.5

4.3

3.4

3.4

3.7

3.8

39.3

3.3

SHIPMENTS OF CURRENCY FROM WASHINGTON.

The activity of the central office of the Treasury has been marked
during the past fiscal year. The task of shipping currency is a type
of business in other branches. The packages shipped were 68,449
against 59,891 in 1902, an increase of 14.2 per cent, and the money,
was $459,245,112 in the last year against $387,319,888, an increase of
18.5 per cent.
The comparison of two years follows:
S H I P M E N T S O F M O N E Y S F O R F I S C A L Y E A R 1902,

[Cents are omitted in this table.]
Registered mail.
Month.

Numberof
packages.

924
789
1,037
951
985

$53,214
56,990
41,569
61,518
55,016
39,019

1902,
January . . .
February.. March
April
May
June

1,283
989
1,040
1,052
973
891

67,822
50,793
54,555
59,832
58,122
42,048

11,800

640,602

$23,942,000
24,138,000
22,782,000
930 26,984,000
869 18,950,000
788 16,524,000
1.129
867
1,246
1,187
1,065
957

23,994,000
18,092,000
25,510,000
26,802,000
19,470,000
17,580,000

11,980 263,768,000

Banks and others.

Total by express.

Numberof
pack-

Num-.
ber of
pack-

1901
July
August
September .
October. - . .
November December..

Total-

Assistant treasurers.

Numberof
pack-

2,695
2,694
2,623
3,378
3,187.
3,557

$7,477,307
8,011,868
8,207,657
11,762,511
11,747,264
13,485,012

3,578 $31,419,307
3,780 32,149,868
3,506 30,989,557
4,308 37,746,611
30,697,264
4,056
4,345 30,009,012

3,098
2,715
3,058
3,013
3,054
3,139

9,779,980
9,683,867
9,917,929
10,319,066
10,463,614
12,055,506

4,227
3,572
4,304
4,200
4,119
4,096

33,773,980
27,775,867
35,427,929
37,121,066
29,933,614
29,635,506

36,111 122,911,386

48,091

386,679,386-

RECAPITULATION.
No. of
packages.

Amount.

Registered mail
Express

11,800
48,091

$640,502
386,679,386

Total

69,891

387,319,888




145

TREASURER.
S H I P M E N T S OP M O N E Y S FOR FISCAL Y E A R

1903.

[Cents are omitted from this table.]
Assistant treasurers.

Numberof
pack-

Month.

Amount.

1902.
Juiy...
August
September.
October
November .
December..

972
914
1,010
1,114
942
1,201

$52,022
48,514
66,615
58,083
53,840
47,758

1903,
January . . .
February ..
March
April
May
June

1,198
1,005
1,123
1,104
1,006
1,006

74,221
67,320
58,772
53,469
50,609
61,543

12,595

682,766

Total.

Banks and others.

Total by express.

Number of
packages.

Registered mail.

Numberof
pack-

Amount.

Numberof
packages.

Amount.

1,336 $34,486,000
1,148 23,961,000
1,191 24,467,000
905 22,620, Ooo
722 21,828,000
1,024 24,049, 000

3,155
3,260
3,671,
3,828
3,472
4,258

Sll, 653,116
10,571,839
11,143,619
12,329,472
12,737,296
16,062, 661

5,463
5,422
5,872
6,847
5,136
6,483

$46,191,138
34,581,353
35,677,134
35,007,555
34,619,136
40,159,409

1,302
1,157
1,206
990
1,270
1,230

3,674
2,806
3,627
3,522
3,396
3,704

14,415,094
9,840,053
13,730,082
12,958,255
12,594,349
14,167,620

6,074
4,968
6,956
5,616
5,672
5,940

42,857,315
35,051,373
42,340,854
38,751,724
38,172,958
35,836,163

,42,373 152,203,346

68,449

459,245,112

28,368,000
26,154,000
28,652,000
26,740,000
25,528,000
21,606,000

13,481 306,359,000

RECAPITULATION.

Registered mail
Express

12,595
55,854

$682,766
458,562,346

Total

68,449

459,245,112

REDEMPTIONS AND EXCHANGES.

A new record was made during the past fiscal year in the receipt of
all kinds of money for redemption and exchange. The amount paid
for was $864,503,561, an increase of $141,228,315 over the preceding
year. Gold coin and certificates were freely used in making payments,
as $120,688,210 more in this form was paid over the counter than
received.
The kinds of money received and paid at Treasury offices on account
of redemptions and exchanges during the fiscal 3^ear 1903 were:
RECEIPTS.
Kinds of money received by Treasury offices.
Account.

United
NationalGold coin Silver coin
notes
and certifi- and certifi- States notes bankminor
and Treas- and
cates.
cates.
ury notes.
coin.

Receipts for currency outstanding
June 30, 1902
$70,761
Moneys received during the year — 208,777,086
Less outstanding receipts, June 30,1903
Net receipts for which payments were made


FI 1903-—10


Total.

$1,243,139
$778,261
387,486,013. 103,405,749

$48,064
165,327,621

208,847,847
157,920

388,729,152
1,723,995

104,184,010
692,886

165,376,685 867,136,694
58, 332
2,633,133

268,689,927

387,005,157

103,491,124

165,317,353

$2,140,225
864,996,469

864,503,561

146

REPORT ON T H E F I N A N C E S .
PAYMENTS.
Kinds of money paid by Treasury offices.
Account.

United
Nationalbank
Gold coin Silver coin
States
and cerand cer- notes'and notes and
Treasury
minor
tificates.
tificates.
coin.
notes.

Transfer
checks.

$186,656,522 $16,174,938
For gold coin and certificates .
For silver coin and certificates.
$248,267 129,288,242 242,890,354
For United States notes and
«
8,267,247 26,678,469
Treasury notes
For national-bank notes and
minor coin
,63,567,981
5,166,126 82,501,139
63,816,248 329,378,137 368,144,900

Total

Total.

$3,589,944 $2,268,523 $208,689,927
637,666 387,005,157
13,940,628
67,843,269

802,139 103,491,124

13,672,858

409,249 165,317,353

99,046,699

4,117,577 864,503,561

CURRENCY FOR THE PHILIPPINES.

From the beginning of the occupation of the Philippine Islands to
August 16,1903, moneys for use there have been paid by the assistant
treasurer in San Francisco to various disbursing officers to the aggregate of $35,504,050. Of this sum $8,173,000 has been shipped since
September 15j 1902. No data exist by which a conclusion can be
reached of the part of these mone3^s which has been returned, but it is
known that considerable sums have come back in various forms.
The first table subjoined presents the kinds of money constituting
the whole amount shipped:
I n gold coins:
Double eagles
Eagles
Half eagles

-.

$3,025,000
5, 550,000
5,120, 000
:
$13, 695, 000
599, 500

Standard silver dollars
Subsidiary silver coins:
Halves
Quarters
Dimes
:

:

292, 500
260, 000
176, 200
728,700

Minor coins:
Five-cent nickel
One-cent bronze

49, 800
12,590
62,390

Paper currency:
Treasury notes of 1890
United States notes.-Gold certificates
Silver certificates

1
•.

200,000
9,760,000
4,035,000
6,423,460
20,418,460

Total

35,504,050

The increase in the several kinds and denominations over the amdunt
stated in the Treasurer's report up to September, 1902, is:
I n gold coins:
Double eagles
Eagles
Half eagles
Subsidiary silver coins:
Halves
Quarters
Dimes



| 1 , 515, 000
1, 390, 000
500, 000
: 13.405,000
10, 500
11, 000
4, 400
25,900

TREASURER.
Minor coins:
Five cent, nickel
One cent, bronze

$2,600
1,040
^

Paper currency:
Gold certificates
Silver certificates
United States notes
Total

147

.•

2,295,000
1,003,460
1,440,000

,

, $3,640

4,738,460
8,173,000

REDEMPTION OF NATIONAL-BANK NOTES.

During the year national-bank notes to the amount of $196,429,621,
or 51.21 per cent of the average amount of such notes outstanding,
were presented for redemption. The increase over the previous year
was $24,560,363, or 14.29 per cent. The amount redeemed during the
first six months was $84,433,102, and $111,996,519 the last six months.
The smallest and largest monthly redemptions were $11,242,551 and
$24,364,960, respectively. The former occurred, in September, the
latter in January. The principal sums were received from New York,
Boston, Chicago, and Philadelphia, and arranged in the order of these
cities were: $98,550,000, $19,543,000, $18,739,000, and $14,306,000,
constituting $151,138,000, or 76.94 per eent of the total redemptions.
The denominations of the notes were represented in the redemptions
b}^ the following percentages: $5 notes were 38.68 per cent of the whole,
$10 notes 42.01 per cent, $20 notes 16.74 per cent, and $50 and $100
notes 2.57 per cent. Of the average amount of $5 notes outstanding,
there was 55.06 per cent redeemed; of the $10 notes, 45.89 per cent;
of the $20 notes, 49.09 per cent; of the $50 notes, 61.37 per cent; of "
the $100. notes, 72.59 per cent. These figures show that the $10 and
$20 notes are less f reauently redeemed than are the other denominations.
The notes redeemed were paid for in the following manner:
$95,919,863.47 in United States currency and $47,084.45 in silver
coin by express, $63,546,511.10 in checks on the subtreasury offices by
mail, and $36,847,734.26 credited in accounts with this office.
The redeemed notes assorted during the year amounted to
$193,439,781.50. Those fit for circulation, amounting to $62,563,430,.
were forwarded by express to the respective banks of issue, and those
unfit for circulation were delivered to the Comptroller of the Currency, $104,604,265.50 of which w^ere for destruction and reissue and
$26,272,086 for retirement under the various provisions of law.
At the close of the year there were 5,005 active national banks out
of 6,862 that had been granted charters during the existence of the
national system. The net increase in the iiumber of banks during
the year was 492. The circulating notes outstanding at the close of
the year amounted to $413,670,650, an increase of $56,998,559, or 15.98
per cent during the 5^ear.
The fund for the retirement of the notes of national banks failed,
in liquidation, and reducing circulation was reduced $2,018,661. The
deposits for the fund amounted to $27,210,255.50, and the balance at
the close of the year was $40,053,308.50.
Expenses were incurred to the amount of $174,477.62, of which
$67,998.88 was for transportation. The rate of expense per $1,000 of
Digitizednotes assorted was $0.90262.
for FRASER


148

REPORT ON T H E

FINANCES.

The amount of national bank notes presented for redemption during the first three months .of the fiscal year 1904, was $58,640,007,
an increase of $18,848,806 as compared with $39,791,201 presented
in the corresponding three months of the fiscal 5^ear 1903. The
redeemed notes assorted and delivered in the same months amounted to
$55,935,258 in 1904 and $35,591,645 in 1903, an increase of $20,343,613.
EXCHANGE OF PORTO RICAN-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 small amounts, in the fiscal year 1903.
The total exchanges from May 1, 1900, when the Act of April 12,
1900, took effect, to June 30, 1903, was 5,734,287.97 pesos, for which
was paid'$3,440,572.78 in United States currency.
Of tbe Porto Rican coins so exchanged, there were 5,700,161.22
pesos in silver and 34,126.75 in bronze.
MOVEMENT OF STANDARD DOLLARS.

The shipments of standard dollars in 1903 varied from those of 1902
b}^ only $777,829, and that was an increase. The rate for transportation was $2.03 per $1,000 against $1.99 in the twelve months before.
The table shows the business by months:
1902.
July
August
September

$2,965,341
4,348,313
6,811,242

•$2,678,935
3,936,861
6,094,118

•

1903.

$12,709,914

First quarter
October . . .
.
November
December .
January
February
•March
April
.. .:
May
June
J

$3,016,158 "
3,497,622
5,900,565
$14,124,896

6,882,796
3,918,941
3,626,259
1,787,443
1,790,642
2,234,217
2,273,471
2,406, 891
2,773,852

$12,413,345

5,619,442
3,527,797
3,621,160
1,807,794
2,187,675
2,531,184
2,612,793
2,376,654
2,772,859

40,404,325

Total

1904.

41,182,164

EXCHANGE OF STANDARD DOLLARS.

The standard silver dollars presented at the Treasury offices for
exchange during the past fiscal year show a decrease of $1,474,356 as
compared with the preceding twelve months.
The exchanges exceeded the shipments in 1901 by $1,386,402, in
1902 by $2,710,690, and in 1903 by $458,505.
The details are for two fiscal years and the first quarter of 1904.
F i s c a l year—
Offices.

1904, first .
quarter.

^ 1902.
Washington
Baltimore
New York
Philadelphia
Boston
C i n c i n n a t i ...".
Chicago .
St. L o u i s
New Orleans
San Francisco

."

•


Total


:

-

1903.

$1,263,986
1,496,290
5,614,360
. 2,825,399
3,792 110
3,644,790
. 8,638,055
8,138,248
4,372,150
3,329,627

$1,409,784
1, 546,890
5,131,427
3,595,664
1,654,990
4,079,340
9,269,451
7,805,175
4,706,750
2,441,188

$337,106
283,770
1,314,476
1,008,068
449,180
1,152,666'
2,284,198
1,995,770
942,500
461,811

43,115,015

41,640,659

10,229,544

149

TREASUBER.
MOVEMENT O F SUBSIDIARY

COINS.

The movement of subsidiary silver in 1903 exceeded by $2,240,485.65
that of the year before. The amount in circulation advanced to
$92,298,936, which was $6,577,708 more than twelve months earlier.
In addition to these shipments, payments of subsidiary silver for
various purposes during the year amounted to more than $26,600,000.
The shipments were by months:
1902,

1903.

July
August
September

$1,810.156.40
2,173;351.20
2,682,992.90

First quarter
October
November
December
January
February
March
April.
May
June

6,666,500.50
2,771,233.85
. 2,086,705.10
1,925,380.00
871,143.60
1,000,413.90
1,384,847.15
1,655,544.00
1,696, 593.25
1,913,598.00

Total

21,871,959.35

' .

1904.

$1,944,552.60
2,556,552.00 '
3,366,228.50

$2,044, 766.40
2,306,490.80
3,084,579.00

7,867,333.10
2,820,690.55
2,094,113.20
2,112,150.60
937,315.16
1,172,003.10
1,558,940.40
1,716,839.00
1,766,619.75
2,066,439.90

7 435,836.20

24,112,444. 65

R E D E M P T I O N O F S U B S I D I A R Y COINS.

The subsidiaiy coins presented for redemption show an increase of
1,947,614, which is 4.9 per cent as compared with the fiscal year 1902.
The statement by offices is subjoined:
Fiscal year—
Offices.

Washington ..
Baltimore
New York
Philadelphia.
Boston
Cincinnati
Chicago
St. Louis
New Orleans .
San Francisco

1904, first
quarter.
$1,740,158 $1,880,818
2,382,870
2, 509,780
16,084,303 16,279,882
4,978,954
5,832,906
1,517,730
1,467,620
1,767,705
1,924,575
4,292,828
4,593,434
3,483,381
3,437,580
1,009,060
1,050,715
1,754, 641 1,981,934
39, Oil, 630 40,959,244

Total ...

$480,306
632,140
4,472,448
1,604,776
479,560
527,280
1,241,530
921,143
• 192,800
647,257
11,099,240

A D V A N C E I N V O L U M E O F M I N O R COINS.

In order to meet the calls of business, the Mint Bureau has added
to the coinage and the remelting of minor coins. An addition of
$895,354.93 was made to the bronze cents coined and of $1,589,336.25
to the 5-cent pieces coined, while an increase of $164,780 took place in
the latter coins remelted. The old-fashioned small coins are disappearing, but very slowly. Bronze cents outstanding at the beginning of
this fiscal year were $867,231.76 more than twelve months before and
5-cent nickels were $1,424,556.25 more.



150

REPORT ON T H E FINANOES.

On June 30, 1902, and 1903, respectively, the conditions were as
shown below:
F i s c a l y e a r 1902.
Denomination.
Cotacd.

]

$1,183,346.93
39,926.11
1,210,551.39
11,442,418.89
574,348.28
627,922.16
19,200,603.10

»

797,168.61
160,249.35
337,671.72
277,846.36
1,699,739.60
3,652,216.15

37,931,333.01

Total

I j«reto"'i°l

$379,540;51

$1,562,887.44
39,926.11
2,007,720.00
11,602,668.24
912,020.00
905,768.52
20,900,342.70

Copper cents
Copper half cents . .
Copper n i c k e l c e n t s .
Bronze cents
B r o n z e 2-cent p i e c e s
N i c k e l 3-cent p i e c e s
N i c k e l 5-cent p i e c e s .

Remelted,

= 34,279,116.,

F i s c a l y e a r 1903.
Denomination.
Remelted.

Coined.

Outstanding
J u n e 30, 1903.

$1,562,887.44
39,926.11
2,007,720.00
12-498,023.17
912,020.00
905,768.62
22,489,678.95

Total

798,392.36
188,372.52
337,943.72
278,967.61
1,864,519.60

$1,183,253.85
39,926.11
1,209,327.64
12,309,650.65
574,076.28
626,800.91
20,625,159.35

40,416,024.19

Copper cents
Copper half cents . .
Copper nickel cents
Bronze cents
B r o n z e 2-cent p i e c e s
N i c k e l 3-cent p i e c e s
N i c k e l 5-cent p i e c e s

3,847,829.40

36,668,194.79

$379,633.59

MOVEMENT OF MINOR COINS.

Minor coins were shipped in 1903 to an amount greater than in 1902
by $440,516.81, and the cost for transportation in 1903 was $10,419.38
more. The rate per $1,000 in 1902 was $21.42 and $21.74 in 1903.
The business by offices is thus reported:
Fiscal y e a r 1902.
Office.
Amount.

Washington
Baltimore
Boston
Chicago
Cincinnati
New Orleans ...^ ..
New York
Philadelphia
San Francisco
St. L o u i s
Mint, Philadelphia

Total

$17,549.40
22,605.00
106,340.00
3,911.17
103,535.00
75,135.00
. 189,285.00
405.00
69,855.00
223,275.30
1,872, .17

$239.20
256.60
1,063.50
1,061.24
1,047. 55
944.85
2,953. 35
4,864.25
869.56
4,009.40
40,222.01

2,684,694.04,

'.
..

57, 531.51

F i r s t q u a r t e r of 1903.
Office.

Washington
....
Baltimore
Boston
,
Chicago
Cincinnati
New Orleans
NewYork
Philadelphia
San Francisco
St. L o u i s
Mint, Philadelphia
Total



F i s c a l y e a r 1903.

Expense
of t r a n s portation.

Expense
of t r a n s portation.
$38,661.20
33,035.00
142,390.00
156,714.60
184,038.80
124,285.00
275,481.00
118,425.00
94,115.00
293,815.00
. 664,250.25
,
3,125,210. 85

$601. 97
396.00
1,424.60
4,655.98
1,852.89
1,307.80
2,573.70
7,597.20
1,148.15
4,710. 35
41,682.25
67,950.89

F i r s t q u a r t e r of 1904.

Expense
of t r a n s p o r tation.

Expense
of t r a n s p o r tation.

$10,525.00
10,365.00
37,195.00
1,495.00
31,150.00
41,665.00
81,875.00
100.00
32,175.00
84,550.00
508,525.00

$179.70
134.05
372.45
37. 55
316.00
442.40
730. 30
1.00
398.70
1,414.30
10,367.12

$42,410.00
10,500.00
45,350.00
134,710.64
65,775.00
50,850.00
85,515.00
112,140.00
32,630.00
99,390.00
157,880.00

. $870.25
129.30
453.75
1,842.70
675.'40
554.05
813.10
1,738.15
401.55
1,641.80
8,703.12

839,620.00

14,393.67

837,160.64

17,823.17

151

TREASURER.
REDEMPTION OF MINOR COINS.

The minor coins redeemed during the year show an increase of
$194,811 over the preceding twelve months, and this is 4.2 per cent.
The details follow:
F i s c a l year—
Offices;

.
1902.

Washington
Baltim^ore
New York
Philadelphia
Boston .
Cincinnati
Chicago
St. L o u i s
New Orleans
San Francisco

1904, first
quarter.

1903

$232,902
570,270
1,994,805
621,757
171,150
266,547
379,872
268,498
48,459
21,298

J

i

Total

$250,154
619,690
2,033,967
628,612
236,430
273,022
475,738
194,540
36,180
22,036

$69,456
161,880
571,050
171,429
66,060
75,206
113 377
61,870
12,200
7,380

4,575,558

. .

4,770,369

1,309,907

RECOINAGE IN THE FISCAL YEAR 1 9 0 3 .

Gold coins worn so as to need remintage were in 1903 more in value
by $166,902.50 than in 1902, and silver coins less by $322,362.68.
Minor coins were more b}^ $1,572.50.
1902.
Denomination.

Face value.
Double eagles
Eagles
Half eagles
Quarter eagles
Three-dollar pieces
One-dollar pieces

.

...

:
. .

.

. . .

803,565.60

Total s i l v e r .

.

.

.

.

Face value.

3,333,437.06

. .

$6,259.08

970,468.00

4,331,043.36

$9,559.54

1,300,351 50
931,147 25
234 40
777,515.40
1,689.05
136.78
191,889.02

3, Oil, 074.38

194,040.75

Afiferreerate.

Loss.

$285,820.00
409,080.00
257,680.00
17,260.00
174.00
454.00

1,487,489.00
1,075,397.00
215.40
768,981.40
1,301.55
52.71

...

Minor coins . . . .

Loss.

$312,980.00
160,900.00
319,765.00
9,797.50
27.00
96.00

Total gold
Half dollars,
Quarter dollars
Twenty-cent pieces
Dimes
Half dimes
Three-cent pieces

1903.

'

191,712 16

195,613.25
198,148.10

4,177,155.63

201,27L70

SPURIOUS ISSUES DETECTED IN 1 9 0 3 .

In all kinds of paper currency more counterfeits were detected in
1903 than in the year before. This is the record:
Minor
coins.

Denomination.

Silver
coins.

Gold
coins.

United
States
notes.

$647.26
.09
116.10

One cent
Three cents
Five cents
Ten cents
Twenty-five c e n t s .
Fifty c e n t s .
One dollar
..
Two dollars
Quarter eagles
Five dollars
Ten dollars •
Twenty dollars
Fiftv dollars
One h u n d r e d dollars .
Total

Fractional
currency.

$0.50
20.00
260.50
.

$432.10
1,064.50
1,172.50
2,019.00

$7.00
35.00
- . 35.00
30.00
20.00

..
'

.




762.45

281.00

4,688.10

127.00

$25.00
36.00
256.00
410.00
840.00
1,850.00
200.00
3,616.00

152

BEPORT ON THE FINANCES. .
Treasury
notes of
• 1890.

Denomination.
.•.

. ..
$2.00
30.00
40.00

Total

72.00

$7.00
156.00

$64.66

Total.

$647.26
.09
115.10
432.60
1 084 50
1^433.00
2,060.00
286.00
s.^ on

745.00
760.00
620.00
50.00
500.00

$20.00

260.00
620.00
40.00

SSSSS

One cent
Three cents
Five cents..'.
Ten cents
Twentj'^-five cents
Fifty cents
One dollar
Two dollars
Quarter eagles
Five dollars
Ten dollars
Twenty d o l l a r s . . .
Fifty dollars
One hundred dollars

NationalGold
Silver
bank
certificates. certificates.
notes.

2,739.00

20.00

1,083.00

13,388.55

.

Four compound-interest notes and four Ty^-interest notes were rejected at this
office.
TRUST FUNDS, CENTRAL PACIFIC RAILROAD.

Since August 1, 1902, the date of the last statement by the Treas.urer on the subject, two payments haye been made on the notes of the
Centra] Pacific Railroad Company held cby the Department. These
were on January 31, 1903, $2,940,635.78 and on August 1, 1903,
$2,940,635.78, a total of $5,881,271.56. Bonds of the company held
as collateral were released at the time of each payment.
The balance of the notes held by the Treasury, yet to become due, was
on August 1, 1903, $32,346,993.58, secured by first mortgage bonds of
the company for $32,347,000.
SPECIAL TRUST FUNDS.

Of bonds of several of the States held by the Treasurer as custodian
under an act approved August 15, 1894, payment was made by the
State of South Carolina for $125,000 and by the State of Virginia for
$594,800. On March 6, 1903, bonds of the State of South Carolina
for $125,000 were forwarded to the governor of South Carolina. On
April 6, 1903, bonds of the State of Virginia for $581,800 and Chesapeake and Ohio Canal bonds, guaranteed by Virginia, for $13,000
were forwarded to the governor of Virginia. ,
No other changes have taken place in the special trust funds, and
they stand:
Louisiana State bonds
North Carohna State bonds
Tennessee State bonds

.•

Total

$37,000. 00
58,000. 00
335, 666. 66f
430,666.661

United States bonds are held by the Treasurer, under specific provisions of law, as follows:
American Printing House for the Bhnd, 4 per cent
Manhattan Savings Institution, 4 per cent
North American Commercial Company, 2 per cent

$250,000
75, 000
50,000

Total..
375,000
Captured bonds of the State of Louisiana, held for the Secretary of War..: 545,480
A package sealed and said to contain Spanish '' certificates of inscriptions,''
held for the Secretary of State
600,000
Consols of 1930, held for the Secretary of AVar
,
5, 000



TREASURER.

153

DISTRICT OF COLUMBIA.

The transactions of the Treasurer of the United States, ex officio
commissioner of the sinking fund of the District of Columbia, pertaining to the affairs of the District, are fully set forth in a separate
report.
During the year 3.65 per cent bonds for $3,500 were issued and sold
to the sinking fund at 121 flat and the proceeds applied to the payment of a judgment of the Court of Claims against the District.
Including the bonds called, on which interest has ceased, $1,282,800
of the bonded debt has been retired, resulting in a net reduction of
$1,279,300, and of the annual interest charge by $58,441.40.
From July 1, 1878, to the close of the fiscal year 1903 the bonded
debt was increased by the issue of 3.65 per cent bonds for $1,229,550
and decreased by the operations of the sinking funds and otherwise
$10,418,950, making a net reduction of $9,189,400'', and of the annual
interest charge $543,844. The total amount of the bonded debt outstanding June 30, 1903, was $12,917,250.
Since the close of the fiscal year the debt has been reduced by the
purchase of 3.65 per cent bonds for $45,750 and the redemption of
$13,000 water-stock bonds maturing July 1, 1903. This leaves
outstanding $12,858,500, consisting entirely of 3.65 per cent bonds.
At the close of the fiscal year 1903 the 10 per cent guaranty fund
held for account of District contractors amounted to $346,910.97, and
was credited to 111 separate contracts. Of this sum $312,732.03 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 $50,387.05, and for account of the firemen's relief fund $17,877.96.
These sums were deposited in the Treasury 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

$6,219,950
274, 570
84,285
6,578,805

THE WORK OF THE TREASURER'S OFFICE.

The work of the Treasurer's office grows year by year. Issues,
redemptions, and payments are recorded on other pages. The business by mail is typical of that in other branches. The letters sent and
received, and the signatures attached, are here stated by number for
the fiscal year 1903:
LETTERS RECEIVED.

Letters received by open mail
Letters received by registered mail
Letters received containing bonds, currency, etc
Letters referred to other bureaus
Letters briefed and recorded

218,161
25, 250
12, 927
6,342
30,258

LETTERS SENT AND SIGNATURES ATTACHED.

Letters sent by open mail
Interest checks mailed
Value of interest checks mailed




307,148
223, 090
$20,400,299.69

154

BEPORT ON THE FINANCES.

Letters sent by registered mail
16,162
Letters and forms bearing autograph signatures
34, 664
Autograph signatures to warrants, transfers, checks, requisitions, receipts, and bonds:,
383,485
Forms bearing printed signatures, etc., mailed
315,851
Printed notices mailed
:
250, 322
Value of registered letters sent
$16, 305, 788.59
Value of registered letters received
.
$1,233,575.10
Signatures of Treasurer United States, account sinking fund, office
District of Columbia
:
2, 264
Blank checks issued to disbursing officers
•
63,020

The tasks which the immense transactions of the Government impose
on the Treasurer's office are many and varied, and involve vast
responsibility. They have been performed with alacrity, accuracy,
and high intelligence, by reason of the capacity, fidelity, experience,
and efficiency of the staff, the chiefs of divisions, and of every person
employed. It is a privilege as well as a duty to recognize and to commend the merits in character and work of the force every member
of which deserves so well.
Respectfully,
ELLIS H . ROBERTS,
Treasurer o-^the United States.
Hon.

L E S L I E M . SHAW,

Secretary of the Treasury




APPENDIX TO KEPORT OF THE TREASURER.
No.

1 . — R E V E N U E AND

EXPENDITURES FOR THE FISCAL Y E A R
WARRANTS ISSUED.

- Revenues.

•.

Total

Repayments
Counter
from u n e x p e n d e d appro- credits to appropriations.
priations.

$28,637,769.65
10,603,813.60

$1,107,472.62
104,287.72

$38,446.86
433.41

195,607.62
2,211,435.11
56,511. 58
358,371.17
12,462,444.07
2,178,203.13
716,831.29
2,946,310.16

21,544.50
411,358.68
34,413.40
2,009. 04
1,701,618.35
21,849 420.09
38,880.40
123 80

506,099,007.04

9.Q S I S fins 9Fi

24,098,248.53

1,122,647,665.86 . 22,813,603.25

24,098,248.53

$284,479,681.81
230,810,124.17
8,926, 311.22
36,180,667.20

660,396,674.40

P r e m i u m o n consols of 1930
P r e m i u m on bonds purchased
P r e m i u m on bonds exclianged
Public debt

No.

AS SHOWN BY

i 3 , 069, 054.02
62,410,921.48
3, 204, 522.01
6,983, 735.14
118,619, 620.15
82,618, 034.18
12,935,168.08
138,425,646.07
34, 473.84
28,556,348.82

Customs
Internal revenue
Lands
Miscellaneous
Interior, c i v i l . . .
Treasury, proper
Diplomatic
Judiciary
War
Navy...!.. .
...
Interior, Indians
Interior pensions
Commerce and Labor
Interest

Asrsrrefirate

Expenditures.

1903,

:

476,128.78

1,484. 048.00
6,202, 047.92
4,705, 071.90
606,641, 539. 00

.649,513,375. 00
.;... 1,211,394,097.40

2 . — N E T ORDINARY REVENUES AND EXPENDITURES FOR E A C H QUARTER OF THE
FISCAL Y E A R 1903, AS SHOWN BY WARRANTS ISSUED.

Account.

First quarter. SecoMquar- Third quarter. Fourth quar- Total for year.

REVENUES.

Customs
:.
Internal revenue..
Lands
Miscellaneous
Total .

$78,496,659.88 $72,723,200.86 $69,618,260.92 $63,642,560.15 $284,479,581.81
59,826,852.99 60,694,647.03 52,838,490.84 57,450,133.31 230,810,124.17
2,237,131.67
1,991,245.41
2,117,833.07
2,580,101.07
8,926, 311.22
8,276,530.68
6,318,962.67 10,347,317.35 11,237,846.50
36,180,657.20
148,716,776.62 142,316,911.63 135,041,200.78 134,321,785.37

560,396,674.40

EXPENDITURES.

Total

34, 956,579.67
26,238,251.29
20,970,157.44
2,973,912.17
34,049,889.04
6,160,655.09

124,944,289.74
118,619,520.15
82,618,034.18
12,935,168.08
138,426,646.07
28,556,348.82

137,421,004.37 126,472,592.16 125,349,444.70 116,855,965.81

506,099,007.04

31,085,086.95
35, 676,811. 24
20,706,338.33
3,597,451.48
36,324,131.09
10,031,186.28

E x c e s s of r e c e i p t s ...
No.

30,767,388.02
30,701,497. 91
19,044,485.91
3,799,174.74
35,347,071.35
6,822,974.23

28,145,235.10
26,002,959. 71
21,897,052.50
2,664,629.69
32,704,554.59
5,541,534.22

Civil a n d m i s c e l l a n e o u s . .
War D e p a r t m e n t . . .
Navy Department
Interior, Indians
Interior, pensions
Interest

11,296,772.25

15,844,319.47

9,691,756.08. 17,465,819.56

54,297,667.36

3 . — R E C E I P T S AND EXPENDITURES ON ACCOUNT OF THE POST-OFFICE DEPARTMENT FOR THE FISCAL Y E A R 1903, AS SHOWN BY WARRANTS ISSUED.
By w h o m handled.

The Treasurer
Postmasters
Total
B a l a n c e J u n e 30,1902..".
B a l a n c e J u n e 30,1903
Aggregate




R e c e i p t s from Deficiency a p - T o t a l r e c e i p t s .
Expenditures.
postal revenues. propriation.
$52,647,404.75
81,641,731.64

$2,785,745.44

$55,433,150.19
81,641,731.64

$56,376,167.93
81,641,731.64

.134,289,136.39

2,785,745.44

137,074,881.83
10,101,519.29

138,017,899.57

147,176,401.12

147,176,401.12

9,158,501.55

155

156
No.

REPORT OK T H E F I K A K C E S .
4 . — R E C E I P T S AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L ACCOUNTS
AT THE TREASURY IN WASHINGTON FOR THE FISCAL Y E A R 1903.
United
States
notes.

Gold coin.

Standard
silver dollars.

Customs

$18,044

$14,900

Miscellaneous
Disbursing officers .
Post-Office Department
Transfers
Standard silver dollars

29,245
25
2,465
175,929

15,648
58
213
80,871

161,479

1,409,784

1,880,818

14,209,925
109,600,000

2,423,890

387,187

1,521,474

2,022,434 226,465,525

10,791,258

31,945

290

20,000

1,507,674

Account.

Subsidiary
silver.

Treasury
notes.

RECEIPTS.

Minor coin
. .
Gold certificates
Redemption and exchange
Issues
Total

$79

$335,785

1,749,808
11,042
272,510
226
84,694
1,954
100,187,945
128,268
5,998
31
17,610
12
1,350
4

$117
8,367,251

DISBURSEMENTS.

Warrants and checks
Disbursingofficers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Redemption and destruction
Five per cent fund
Total

1,274
61
591
30
4,880
19,728
25

77,199

Account.

2,127
222
2,756
11,037
11

1,525,442

N a t i o n a l - Gold certifib a n k notes.
cates.

2
189,757
1
484,323
76,332
748
97
171,660
1,264
254,942
579,042
14,549
2

617,440
8,295,865
88,820
81,275,813
38,990
780,660
9,620,782
335, 312
12,497,433
403,708
759,610
112,000
109,600,000

10,757, 000

1,772,719 224,426,433

10,757,000

Silver certificates.

Minor
coin.

Total.

RECEIPTS.

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

$514,016

$32

$1,164,783

2,112,247
677,541
339,734
214,524,188
569,268
232,740
22,066

822
27
140
7,222

6,923 058
1,270, 658
516,052
482,816,838
679,297
254,962
23,570

5,994,314
117,720,000

43, 937,571
273,008,000

250,154

227,771,319
500,328,000

196,186,386 .248,178,605

Total

$281,927
3,002,246
419,770
62,360
120,690,138
4,000
3,600
150

535,837,371

258,397

1,221,648,537

2,598,320
35,013,548
252,950
93,194,080

95,472
10,279,322
82,541
132,653,123

157
16,029
144
57,518

3,311,391
53,826,756
424 456
309,092,531

19,520
30,090
780,146
2,394,001
765,455
3,873,485
2,042,237
1,041,523
96,580
105,902,220

39,407
1,256,373
128,291
2,219,102
1,321,251
77,290,121
2,822,846
42,120, 938
19,646
262,299,000

24,945
2,185
5
9,690
355
• 33,281
115,717
915
20

161,478
1,328,4.37
1,689 199
14,417,953
2,423,889
93,956,898
5,994,315
43,937,571
228 248
614,830,306
167,167,695

248,004; 155

532,527,433

260,961

1 9.19 7Q1 1 9 S

$2,000
501
24,475
38,655,026
1,000
157,503,384

DISBURSEMENTS.

Warrants a n d checks
'..
D i s b u r s i n g officers
Post-OfficeDepartment
Transfers
Redemption a n d 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 c e r t i f i c a t e s .
S i l v e r certificates
Minor coin
Redemption a n d destruction
Five per cent fund
Total




26,272,086
167,167, 696
193,439,781

157

TREASURER.
No.

5.—RECEIPTS AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L ACCOUNTS
AT THE SUBTREASURY IN BALTIMORE FOR THE FISCAL Y E A R 1903.

Account.

RECEIPTS.

Gold coin.

Standard
s i l v e r dollars.

Subsidiary
silver.

$104
1
2
21
36
533

$909
26
172
•1,054
1,606
95,671

United
States
notes.

Treasury
notes.

'-

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

$134,413
i97
7,578
4,375
1,206,881

1

1,010

$583,946
1,260
18,592
207,163
114, 673
2,891,275
9,487
41,163
5,350

$7,574
25
473
3,292
2,241
45, 565
510
1,138
200

1,560,000
892,853

2,509,780

2,047,025

116,334

3,807,307

Total

1,546,890
1,547,687

2,609,219

5,919, 934

177,352

45,000
105,895
140,005
32,228

1,531
1
888,950

438
5,540
512
622,065

179, 599
1,072,690
187,310
3,140,000

177,500

1,087

' 30,000
4,000
264,650
865,057
107,001

DISBURSEMENTS.

Warrants a n d checks
. . . .
Disbursingofficers
Post-Office D e p a r t m e n t
Transfers
Redemption a n d exchange:
Gold coin
S t a n d a r d 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 notes
Gold certificates
S i l v e r certificates
Minor coin

18
22,800
402,025
10

224,470
391,388

3,162,823

Total

2,414,860

649,075
81
775,200
413,410
99,112

1,522,709

2,566,520

16,300
51

NationalGold
b a n k n o t e s . certificates.

Account.

380
7,000
161,860
6,019, 547

Silver
M i n o r coin.
certificates.

177, 500

Total.

RECEIPTS.

Total

$4,288,650
5,650
70,280
208,230
131,220
11,669,970
166,050
251,.440
12,300

$387,471
8,240
55,482
375,533
266,569
6,461,853
239,353
137,231
11,305

$65
2
21
117
296
75,554
70

850,568

5,852,400
2,530,000

4,550,939

619,690

2,212,025

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

25,086,090

12,493, 976

695,805

54,549,295

2,208,000

2,533,860
4,672,490
2,006,590
• 6,753;000

35,748
765,470
48,852
7,682,018

62
485
71
41,065

2, 794, 707
6,624,101
2,383,341
21,544,826

2,397,240
1,239,960
2,224,170

22,535

2,532,360
226,000
455,370

1,991
305,692
1,600
. 13,222
387
120
10,940
3,639,751
4,440

2,452,853
1,549,670
2,513,220
2,047,025
116,334
850,568
5,852,400
4,550, 939
621,670

25,041,040

12,510,231

$3,530'
890
190,825
156,115
917,750
87,312
6,035
..

$5,403,022
18,734
146,109
993,813
677,131
23,266,052
415,470
519,295
34,190
1,560,000
18,986,479
2,530,000

DISBURSEMENTS.

W a r r a n t s a n d checks.."... . .
D i s b u r s i n g officers
.^
Post-Office D e p a r t m e n t
Transfers
Redemption a n d exchange:
Gold c o i n
S t a n d a r d silver dollars
Subsidiary silver
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
.
.
Total




2,208,000

101, 346
8,804
75,248
255, 980
187,688
693,284

53, 901,654

158

REPORT ON T H E F I N A N C E S .

N o . 0 . - -RECEIPTS

AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L ACCOUNTS
AT THE SUBTREASURY IN N E W YORK FOR THE FISCAL Y E A R 1903.
United
States
notes.

Gold c o i n .

Standard
s i l v e r dollars.

Subsidiary
silver.

$6,701,429

• $165,865

$1,226

$2,792, 511

$1,172

9,260
27,980
16, 220
1,750,200

26i

118
491
442
478,153

" 65,690
1,160,437
1,284,150
30,526,327

31
18,378
3,285
484,215

9,000.

1,000

1
1

46,930
103, 366
28, 595

16,000

30,000
30,324, 752

5,131,427

16,279,882
127

51,796,810
380

2,764,141

38,868,841.

Account.

5,333,180

16,760,441

87,805,196

3,287,222

10,698
1,185,499

3,149
72,677
6,555, 511

38,340
1,732,169
47,306,000

3, 306,000

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
Gold bars .
S t a n d a r d silver d o l l a r s .
S u b s i d i a r y silv e r
Minor coin
.
.
Gold certificates
Redemption and exchange
Special customs deposit *
Issues
Total

?..

.

4,828
12,876
16,984

-

DISBURSEMENTS.

Warrants a n d checks
D i s b u r s i n g oificers
Transfers
Redemption and exchange:
Gold c o i n
S t a n d a r d silver dollars
Subsidiary silver
United Statesnotes
T r e a s u r v n o t e s of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Clearing-house balances

242,455

Account.

12,670
36,649,046

28,334,775

i,340,i42
468,500

823,680
8,200
878,200
9,296,936
42,900
323
151

28,577,235

Total

5

3,004,839

16,694,397

88,071,995

,2,045,100
301,340

Gold
Silver
Nationalb a n k n o t e s . certificates. certificates. M i n o r coin.

3,306,000
Total.

RECEIPTS.

Customs
Internal revenue
M i s c e l l a n eous
D i s b u r s i n g officers.
Post-Office D e p a r t m e n t
Transfers
Gold b a r s
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Special customs deposit
Issues.
Total

$178,699,963

$821,021

$71

$189,183,258

7,128,410
26,170,'550
9,237, 940
307,052,594
37,464,903
4,278,900
6,067,200
678, 350

77,833
1,569,108
1,796,690
55,248,000

26
26
25
221,054

71,890,290
.373,016,870
9,790,000

174,780,069
4,207

2,033,967
28

7,353,998
30,034,731
13,611,637
399, 738, 669
37,464 903
4,816,375
6,617 812
786, 631
30 000
356,060,469
373,021, 612
9,790,000

7,867,720 1,031,475,970

234,856,328

2,255,197

1,428,510,095

21, 569, 550
616,418,650
50,602,950

63,440
585,707
108,786,000

86
4,611
332,819

21 674,565
619,895,967
223,817 779

1,338

202,040,000

36,000
85,451,132
2,037,113
4

170,997
662
180,931
1,382,787
153,114
641
13

30 336 903
5,134,041
16,289 867
51,705,663
2 776 376
1,059,131
•" 71,821, 680
174,591,226
2,038,077
202,341,508

7,834,000 1,038,630,160

235,136,158

2,227,999

1,423,482,783

$72,429
1,082,933
1,260,010
3,961,142
119,000
271, 510
41,566
1,059,131

371,645
149,735
38,120

DISBURSEMENTS.

Warrants a n d checks
D i s b u r s i n g officers
829,000
Transfers
6, 743,000
Redemption a n d exchange:
Gold c o i n
'
S t a n d a r d silver doUars
'
S u b s i d i a r y silver
.
> ..
United States notes
'
T r e a s u r y n o t e s of 1890
. . .
National-bank notes
262,000
Gold c e r t i f i c a t e s . . . .
S i l v e r certificates
Minor coin
Clearing-house balances
Total




30,322,890
76,600
29,123,940
88,475, 580

5,134,041
16,289,867
13,985,340
2,767,514

159

TREASURER.
No. 7.—RECEIPTS

AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L ACCOUNTS
AT THE SUBTREASURY IN PHILADELPHIA FOR THE FISCAL YEAR 1903.

Gold c o i n .

Standard
silver dollars.

Subsidiary
silver.

$3,619,125

Account.

$16,891

$1,289

$2,092,506

$15,970

807
•9,099
4,304
305,345

54,818
544,306
605, 111
11,074,820
167,361
94,562

3,147
14,389
3,660
9,254
2,920
406
1,440

United
States
notes.

Treasury "
notes.

RECEIPTS.

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

9,477
6,570
125,680
1,472,467
.106,810
42,590
5,370,000
587,980

225
65,003
1,207
606

3,596,664

5,832,906

7,446,8ii

375,051

3,679,696

6,153,750 • 22,080,295

426 237

2,620,680

350 '
872,160
45,363
5,801,310
510
218,950
3,415,185
9,014,300

429,000

•

Total....

:

11,339,599

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-OfficeDepartment
Transfers
Redemption and exchange
Gold coin
Standard silver dollars
Subsidiary silver
United States notes .
Treasury notes of 1890
National-banknotes.
Gold certificates
Silver certificates
Minor coin

405,503
•2,014,327
145,000
350
20,000
125,000
1,692,370
4,025

...

577
100

6,228,iso
959,400
11,594,155

Total

1,666,548
4,287,905

N a t i o n a l - Gold certifib a n k notes.
cates.

Account.

8,155
10,984
- 656
288,316
6,611
761,452
865,600
227, 604
230
5,631,016
Silver certificates.

586,310
5,062,900
329,200
265,000
64,590
22,214,720
Minor
coin.

429,000
Total.

RECEIPTS.

$17,045,110

$23,623,958

1,202,410
494,465

69,973
820,308
808,752
•21,422,732
2,316,580
411,883
141,498

69
4
1,070
27

504,265
175,265
849,127

52,174,810
31,440,000

24,558,192

628,612

447,427
2,772,033
4,780,081
62,030,981
2,319,500
2,392,135
949,820
5,370,000
96,049,153
31,440,000

131,574, 370

51,382,908

629,859

232,175,088

4,923,000

Total

$77

$44,i26
594,584
1,353,012
1,388,095

":

$832,990

264,785
717,770
1,877,385
26,357, 635

4,908,474

Customs...
Internal revenue
Miscellaneous
Disbursingofficers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver '.
M!inor coins
t
Gold certificates..
..
Redemption and exchange
Issues

5,653,170
17,093,816
5,727,870
42,385,570

534,363
5,926,845
278,326
24,249,000

31
3,288
33
. 425,220

7,465,577
30,884, 949
6,370,689
87,461,955

5,957,450
76,000
4,761,590
• 329,500
33,100

3,467,262
309,213
7,000

44,720,000
4,716,000
527,824

16,827,200
29,118

2,025
131
7
35,325
2,215
87,675
96,030
91,540
35

5,967,980
3,574,954
6,782,776
7,415,411
375,251
849,127
52,174,810
24,487,292
621,797

131,980,890

51,628,327

743,555

233,432,568

DISBURSEMENTS:

Warrants a n d checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Redemption a n d exchange:
Gold c o i n . . ,
S t a n d a r d silver dollars
Subsidiary silver
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
.
Silver certificates.
Minor coin
Total




...
'
'

'
'
1
'
'
i
1
4,923,000

160

REPORT ON T H E F I N A N C E S .

N o . §.—RECEIPTS AND DISBURSEMENTS OF EACH K I N D OF MONEY ON A L L ACCOUNTS
AT THE SUBTREASURY IN BOSTON FOR THE FISCAL Y E A R

1903.
United
States
notes.

Gold coin.

Standard
silver dollars.

Subsidiary
silver.

$56,977

$166,375

$2,145

$2,791,571

$91,987

953
1,185
14,048
67,765

324
12
2,377
8,806

1,259
222
2,701
665,161

582,900

1,654,990

1,467,620

78,i63
528,363
682,634
12,076,877
3,000
178,000
14,940
3,641,181

2,119
1,597
5,179
17,021
59,000
3,300
3,740
260,408

713,328

1,831,884

2,139,108 -19,994,729

434 351

76,460

1,182
10,013
695
1,466,000

1,120
13,318
783
1,687,783

1,202,296
6,967,909
411,105
7,661,000

435,520

3,813

Account.

6

6

Treasury
notes.

RECEIPTS.

Customs
Internal revenue
Miscellaneous
Disbursing officers.
•
Post-Office Department . .
Transfers
Standard silver dollars
Subsidiary silver
i
Minor coin
Redemntion and exchansre .
Total

...

600
....

...
DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
:
Standard silver dollars
Subsidiarv silver
United States notes
Treasury notes of 1890..
National-bank notes
Gold certificates
Silver certificates
Minor coin
^

400
917,930

Total

1,000
396,567

115,127
10,321
87,211
190,998
96,948

998,603

.

40
12,282

1,887,784

2,103,615

10,980
1,348,730
3,260,800
22,400
35,000
47,000
213,680
20,060,900

National- Gold certifi- Silver cer- Minor coin.
bank notes.
tificates.
cates.

Account.

435,520
Total.

RECEIPTS.

$21,815,330

$1,311,665

$146

$26,234,196

173,680
784,160
2,276,020
22,324,180
9,100
820,790
43,650
1,228,620

109,420
378,063
685,572
14,294,745
'1,382,400
216,686
54,935
18,056,945

54
7
264
66,014

186,300
26,420
100,998

236,430

440,083
2,265,618
4 283 605
50i 87l', 698
1,453,600
1,404,675
143,686
27,219,992

3,035,677

49,474,430

36,390,430

, 302,916

114,316,862

3,040,000

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

5,393,560
24,384,680
1,302,830
16,348,300

6,663
783,373
3,046
21,169,036

69
838
52
156,988

6,604,880
31,226,591
1,718,511
50,764,627

678,820
7,900
95,230
. 226,200
205,600

257
1,649,490
5,500

$74,111
572,009
716,810
1,361,029

Total
DISBURSEMENTS.

Warrants and checks.
•
Disbursingofficers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
..
Minor coin
Total




•

6,258,400
16,800

...
:..

3,040,000

40,000
12,179,500
1,000

62,818,320

35,837,855'

32,214
505
13,787
43,592
61, 430
299,476

582,901
1,668,370
1,449,460
3,624,381
251,508
100,998
1,228,520
18,029,845
231,480
117,482,072

161

TREASURER.

N o . 9 . -RECEIPTS AND DISBURSEMENTS OF EACH K I N D OF MONEY ON A L L ACCOUNTS
AT THE SUBTREASURY IN CINCINNATI FOR THE FISCAL YEAR

1903.

Standard
silver dollars.

Subsidiary
silver.

$666,666

$55
3
73
13
120
875,148

1,030,000
170,761

$500,900
3,000
10,650
189,807
266,500
3,031,700
833,000
170,000
2,000

$14,000

37,050
2,000

4,079,340

1,924,575

326,436

4

1,383,996

4,749,340

2, 799,987

5,333,993

375,004

1,144,981
131,484
39,870
19,408

1,000

2,410
4,077
1,859
2,317,471

762,748
1,341,598
296,809
2,-539,000

376,004

30

7,285

2,000

Account.

65,056

99,890
206,128

245,696

31,680
86,370
390, 510

4,624,670

2,899,463

Gold coin.

United.
States
notes.

Treasury
notes.

.

RECEIPTS.

$139,185

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

5,666

Total

10,000

9,000
4,000
21,000
319,000
8,000

DISBURSEMENTS;

Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of ] 890.
National-bank notes
Gold certificates
Silver certificates
Minor coin .

.45,000

Total.
^

4,375,974

10,000

1,390,743

29,000
164,085.
17,450
5,463,993

376,004

National- Gold certifi- Silver cer- Minor coin. , Total.
bank notes.
cates.
tificates.

• Account.
RECEIPTS.

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

.-..

$32,000
502,000
885,500
2,074,000
13,000
856,000
14,500

$1,716,000
21,500163,500
2,427,070
1,271,000
9,090,450
2,100, 600
486,350
7,000

$573,197
5,685
149,203 •
1,839,693
713,995
6,796,486
1,041, 775
352,265
150, 625

$4

•

•1
12
6
28
124,819

1,760,440
1,220,000

4, 363,368

273,022

4,426,264

Total

49,264

20,263, 910

15,986,292 |

397.892

4,659,680
4,397,030
1,978,586
2,184,000

1,910,792
1,878,034
538,657
6,179,008

539
1,082
414
200,189

1.154.494
10,000
1.374.495
21,000

28,946
4,069,650
• 447,410
4,000
4

^

1,530,000
1,539,670
165,055

26,000
1,892,906
91,332

Total

19,013,910

16,066,739

FI 1903-

62,050
69,946
1,268
4,321,000

4,444,264

-11




55,716,678

'

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890 .
National-bank notes
Gold certificates.
Silver certificates
Minor coin

$2,943,341
30,189
355,438
4,967,589
3,146,143
22,710,653
4,319,375
1,872,615
174,125
1,030,000
12,947,210
1,220,000

5
30,912 •

17,584
44,070
108,351
403,146

8,633,200
7,824,261
2,857,463
21,512,054
1,200,760
4,079,650
1,921,795
329,096
4
49,264
1,760,440
4,341,118
273,837
54,682,932

162
No.

REPORT ON T H E F I N A N C E S .
1 0 . — R E C E I P T S AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L ACCOUNTS
AT THE SUBTREASURY IN CHICAGO FOR THE FISCAL Y E A R 1903.
United
. States
notes.

Gbld c o i n .

Standard
s i l v e r dollars.

Subsidiary
silver.

$195,720

$1,344,074

$13

$1,108,839

$4,082

70
2,145
53,670
5,166,000

1
4
594
52,603

2
1
1,086
1,125,003

431,873
10,049,110
2,426,622
34,244,065
44,000
2,803,870
281,195

243
7,105
15,424
1,516
132,955
1,950
455

4,260,000
1,446,760

9,269,451

4,593,434

13,087,602

• 2,139,548

11,114,665

10,666,727.

5,719,539

64,477,176

2,303,278

421,048
699,805

Account.

3,538
2,662

4,497
833
442
5,125,261

21,798,735
10,428,280
1,750,250
14,379,500

2,320,000

304

60,495
239, 500
4,176,639
10,391,671
,29,700

Treasury
notes.

RECEIPTS.

Customs
1
Internal revenue
,
Miscellaneous
Disbursing officers . . .
Post-Office Department
Transfers
Standard silver dollars
Subsidiarv silver
Minor coin
.'
Gold certificates
Redemption and exchange
Issues
1

.
'.

Total

300

DISBURSEMENTS.

Warrants and checks
Disbursing officers
1 'ost-Offlce Department
Transfers
:.
Redemption and exchange:
Gold coin
S t a n d a r d silver dollars
S u b s i d i a r y silver
United States notes.
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
Silver certificates
. .
Minor coin

9,648,572
15,220
153,615
6,380
2, 762,870
31
4

9,873,817

5, 555,456

N a t i o n a l - Gold certifib a n k notes.
cates.

Account.

172,197

390,082
100
2,120
690
. 31,127

4,058,973

Total

790
46,058

Silver certificates.

986,570
378,105
64,619,445
Minor
coin.

2,320,000
Total.

RECEIPTS.

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

$9,911,110 -

;

$761,688

$153

$13,325,679

$14,675
235,526
1,447,205
1,094,665
18,500
1,199, 650
126,120

175,820
15,651,210
6,893,540
64,742,140
51,000
35,500
1,170

600,298
. 1,767,909
1,149,057
32,441,542
9,251,095
257,375
109,535

2,230

10,857,080
5,140,000

31,370,591

4,138, 570

113,458,570

77,709,090

546,709

•290,134,324

4,068,000

33,955,480
30,498, 500
8,788,310
12,763,000

7,397,971
6,995,215
1,032,914
32,336,000

1,255
490
161
329,282

63,582,524
48,625,785
11,572,077
80,969,615

5,605,700
204,630
122,490
1,463,250
73,600

4,212
8,808,581
296,173
408,036
1,984,894
105

129

8,093,420
11,431,610
• 3,640

18,699,397
91,448

279,458
16
5
100
41,259
42

5,686,060
9,252 711
4,595,302
13,086,902
2 140 748
2,230
10,857,080
31,362,191
473 239

113,003,630

78,054,946

652,197

282,206,464

114 • 1,223,096
27,713,100
91
220
11,987,418
70,393 138,937,927
9,497,550
4,298,645
518,475
4,250,000
73,242,4'34
475,738
5,140 000

DISBURSEMENTS.

Warrants a n d checks
Disbursingofficers
Post-Office D e p a r t m e n t
Transfers
Redemption and exchange:
Gold coin
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
United States notes
- T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates . . . .
Silver certificates
Minor coin
'

Total




4,068,000

163

TREASURER.
No.

1 1 . — R E C E I P T S AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L ACCOUNTS
AT THE SUBTREASURY IN ST. LOUIS' FOR THE FISCAL Y E A R 1903.

Gold coin.

Standard
silver d o l lars.

Subsidiary
silver.

$258,696

$135,905

$11

$585,'188

1,000
60,976
112,916
1,440,900
21,000

Account.

2,010
5,086
114, 506
15,009

8,186
1,310,007

394,095
737,306
9,359,083

United
States
notes.

Treasury
notes.

RECEIPTS.

Customs
Internal revenue
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver d o l l a r s . . .
S u b s i d i a r y silver
;
Minor coin
Gold certificates'.
Redemption and exchange
Issues

86,i25
$12,591
14,070
811,200

3,078, 935
284,965
100,000
859,396

3,437,580

1,632,370

2,854,883

8,077,691

4,755,796

16,152,067

837,861

251,040
406,055
33,100
262,476

1,021
1,409
806
9,034,373

765
994
588
3,712,140

1,914,886
3,542,070
1,735,410
5,642,020

867,Oil

1,248,103

Total

7,805,175

3,377,379
254,662

DTSBURSI5MENTS.

Warrants a n d checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Redemption and exchange:
Gold 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
Minor coin

.

6

1, 560,000
• 604,715

1,000

9,642,330

4, 963,590

192,040

Total

2,512,671

16,658,467

N a t i o n a l - Gold certifi- Silver cer- M i n o r coin.
b a n k notes.
tificates.
cates.

Account..

867,Oil

Total.

RECEIPTS.

Customs
Internal revenue
Miscellaneous.
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver dollars .
S u b s i d i a r y silver
Minor coin .
. .
Gold certificates
Redemption and exchange
Issues.
Total

."

$1,235,000
'.

$786,808

$152

$3,000,759

207,500
513,200
623,990
15,433,700
542,000
7,000

129,096
591,715
1,168,174
17,822,966
6,976,875

152
132
8,502
223.182

2,060,500
100,000

948,811

194,540

419,894
3,003,565
3,965,671
49,840,917
8,351,075
3,196,085
285,965
100,000
16,938,372
100,000

6,951,010

20,722,890

.28,423,445

426,660

89,202,303

6,733,010

524,800
12,271,000
1,852,700
3,903,000

476,-580
10,302,206
1,143,896
9,004,079

207
237
167
311,085

3,169,299
26,523,971
4,766,667
39,469,194

1
129,605

' 959,396
7,780,855
3,397,380
1,632,370

$1,438,360
1,179,500
4,222,000
110,150
1,000

DISBURSEMENTS.

Warrants and checks
D i s b u r s i n g officers
Post-OfficeDepartment.....
Transfers
'
Redemption and exchange:
Gold c o i n
S t a n d a r d silver dollars
Subsidiary silver
United States notes
T r e a s u r v n o t e s of 1890
National-bank notes
Gold certificates . .
S i l v e r certificates
Minor coin
Total




959,390
151,000

7,629,855
20,000

500,500

2,060,500
948,811
192,040

343,096
6, 733,010

20,162,390 •

28,919,712

441,302

90,900,483

164
No.

REPORT ON T H E

FINANCES.

1 2 . — R E C E I P T S AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L A C COUNTS AT THE SUBTREASURY IN N E W ORLEANS FOR THE FISCAL Y E A R 1903.

Gold c o i n .

RECEIPTS.
Customs . . . .
Internal revenue
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver dollars
S u b s i d i a r y silver
Minor coin
.
Redemption and exchange

'.

..
.'

Total

Standard
s i l v e r dollars.

$164,318
220
776
121,705
7,876
44,775

$113,100
10,917
48,756
52,756
60,521
294,576

429,591

Account.

.

•United
States
notes.

Treasury
notes.

85
225
4,706,750

$4,135 $3,330,829
1,149,349
1,861
178,854
15,852 "
191,433
34,142
490,072
45,238
6,253,009
170,093
300,971
326,690
17,122
621,215
1,050,715

$15,898
l ; 736
11,496
1,820
34,068
5,116
66,641
1,770
925
103,400

769,260

5,287,686

1,322,026

12,859,544

242,870

79,164

109,311
319
9,147,297

989
178,165
3,137
933,530

1,898,870
3,556,789
1,467,258
4,286,476

243,666

36

248,656

1,000

. 4,970

1,047,735
615,210
103,400

695

87

900
35,700

9,258,522

1,120,914

13,260,994

.'. .

.

Subsidiary
silver.

DISBURSEMENTS.

Warrants and checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
'.. . .
Transfers
Redemption and exchange:
Gold c o i n
S t a n d a r d 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 notes
G o l d certificates
Silver certificates
Minor coin
'.

382,000
•

Total

461,164

N a t i o n a l - G o l d certifib a n k notes.
cates.

Account.

Silver cer- M i n o r coin.
tificates.

243,000
Total.

RECEIPTS.

Customs
. .
Internal revenue
Miscellaneous
D i s b u r s i n g officers
-.
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver d o l l a r s
Subsidiary silver
Minor coin
Redemption and exchange
Total

:

$3,566,950
823,830
88,120
159,860
627,360
6,008,070
4,011,930
875,260
64,850
382,000

$302,639
112,954
29,687
17,611
289,716
6,311,976
3,399,858
249,990
30,238
1,934,973

$293
408
5,534
1,630
11,901
130,491

2,665,850

16,608,230

.11,679,641

186,437

51,621,544

2,680,000

351,150
1,133,900
286,150
14,959,000

10,012
256,659
3,682
4,947,000

52,'228*
2
^138,986

2,261,021
5,366,216
1,760,548
37,335,289

180,900
5,000
2,950

4,701, 750
30

..
$788,654
63,365
271,735
350,411.
1,118,835
68,566
4,290

$7,498,162
2,889 919
442,439
852,692
1,917,163
19,336 940
7,779,400
. 1,522,355
117,650
9,264 824
36,180

DISBURSEMENTS.

Warrants and checks
Disbursingofficers
Post-Office D e p a r t m e n t
Transfers
Redemption and exchange:
Gold coin
S t a n d a r d silver dollars
S u b s i d i a r y silver
United States notes
T r e a s u r y n o t e s of 1890
Ntftional-bank notes
G o l d certificates
S i l v e r certificates
Minor coin
Total




35

429,592
4,706,750
1,050,716
621,215
103,400

2,680,000

1,932,350
30

1,040

450

382,000
1,934,972
36,180

16,919,500

11,851,513

192,291

66,987,898

165

TREASURER.

N o . 1 3 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF MONEY ON A L L ACCOUNTS
AT THE SUBTREASURY IN SAN FRANCISCO FOR THE FISCAL Y E A R 1903.

Account.

Gold coin.

Standard
silver dollars.

Subsidiary
silver.

United
States
notes.

Treasury
notes.

RECEIPTS.

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

$9,631,605
162,806
3,390,884
1,585,354
1,792,237
37,466,160
1,644,000
1,768,815
153,545
470,000
7,765,680

2,441,188

1,981,934

66,811,085

Total

$187,942
145
4,385
12,987
51,210
377,454

$7,583 , $63,662
54
4,624
9,490
10,204
6,445
91,201
54,831
338,739
1,809,324

3,075,311

2,434,239

2,342,602

5,095,310
47,477,880
2,469,295
3,266,928

396,167
1
2,051,500

935
151,649
744
2,225,522

1, 740,000

54,739

465,320

398,850 .

$3,650
1,020
621
3,998
3,093

24,748
37,030

DISBURSEMENTS.

Warrants and checks...
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of ] 890
National-bank notes
Gold certificates
Silver certificates
Minor coin
.
Total

:...

2,466,i49
1,981,503
395,568
23, 927
'. 544,586
22,038
63,683,178

Account.

488
37
341

60,000

33,800

431
3,245
480
142,550

384,651
2,833,185

2,680, 296

2,265,320

National- Gold certifi- Silver cer- Minor coin.
bank notes.
cates.
tificates.

33 800
Total.

RECEIPTS.

Customs
Internalrevenue
Miscellaneous
Disbursingofficers. .
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Issues . . .

$166,710

$89,845

2i,866

i2,3ii

$81 $10,151,078
6
153,010
24
3,480,393
1,640,670
593
2,321,729
7,905
108,519 51,703,235
1,711,000
1,771,116
153,545
470,000
22,036 13,706,217
470,000

8,470
100,790
9,837,580

1,300

1.000

142,550

644,580470,000

384,651

960,445

Total

$35,955
10,845
171,815
597,980

11,150,930

.1,781,086

139,164

87,731,892

300,000
2,495,000

1,083,460

225,000

628,005

8
18,859
113
95,515

5,396,253
63,363,015
2,470,153
9,496,270

17,270

8,235,679
2,441,188
1,981,934
398,850
• 24,748
142,550
544,580
384,651
22,038

131,765

84,901,909

5,151
47,742
1,174,386
67,000

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-OfficeDepartment
Transfers
Redemption and excha,nge:
Gold coin...'
:
Standard silver dollars
Subsidiary silver '.
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Total




910,000

7,698,350
34,551

910,000

10,718,350

1,746,016

166
No.

REPORT ON T H E

FINANOES.

1 4 . — T O T A L RECEIPTS AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L
ACCOUNTS AT THE TREASURY OFFICES FOR THE FISCAL Y E A R 1903.
United
States
notes.

Gold coin.

Standard
s i l v e r dollars.

Subsidiary
silver.

$20,918,511
153,025
3,441,861
1,813,518
2,134,387
- 48,808,127

$2,144,156
11,063
71,552
140,734
243, 560
1,607,442

$17,445
1,934
33,960
55,453
156,838
5,491,588

$14,185,737
1,153,609
2,678,063
13,543,669
6,746,493
211,454,425

$154,333
1,761
. 18,529
56,102
84,563
8,968,301

1,667,000
1,885,435
196,135
12,810,000
43,222,152

10,000
1,085
225

31
14.
5

1,243,386
6,886,995
730,079

1 392,026
32,564
6,760

41,640,659

40,959,244
127

95,208,225
380
109,600,000

8,197,524

137,050,151

45,770,476

46,716,639

463,431,061

18,912,463

7,362,882
51,265,470
2,827,270
3,601,040

5,741
533,131
1,822
41,926,469

14,655
662,373
8,576
25,978,791

29,285,074
43,468,680
6,155,912
175,204,109

8,187,835

29,388
2,426,149
2,129,303
2,644,169
34,772
4,880
43,209,923
959,456
22,042

1,285
1,134
22,294
59,054
2,756
1,576, 649
4,330,868

153,359
11,732
1,184
3,759,314
27,057
2,933, 355
11,433,046
903,837
655
151

811,756
293,470
11,681,993
66,916,256
927,013
12,497,433
2,778,188
1,965,165
1,175,425
301,340
109,600,000

10,757,000

48,461,203

45,887,985

463, 061,814

18 944,835

NationalGold certifi- Silver cerb a n k notes.
cates.
. tificates.

Account.

M i n o r coin.

Total.

Treasury
notes.

RECEIPTS.

Customs
Internal revenue
:
Miscellaneous... T
:
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 bars
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
Minor coin
Gold certificates
Redemption and exchange
Special c u s t o m s d e p o s i t
Issues
Total
DISBURSEMENTS. '

Warrants and checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
'..
Redemption and exchange:
Gold coin
S t a n d a r d silver dollars
Subsidiary silver.
U n i t e d States notes
T r e a s u r y n o t e s of 1890.
National-bank notes
Gold certificates
Silver certificates
Minor coin
Clearing-house balances
Redemption a n d destruction
Total

116, 516,744
Account.
RECEIPTS.

$282,528,236
3,09i;852
21,231,035
75,514,348
47,206,651
1,301,253,010
37,464,903
41,242,342
23,849,594
3,188, 656
12,810,000
852,186,469
373,021,612
551,018,000

$238,726,650
850,980
11,296,141
47,060,290
23,100,606
593,106,457
37,464,903
11,163,580
9,750,550
1,301,935

$6,380,340
126,879
3,345,550
7,942,632
7,166,001
375,498,873

$1,064
417
6,828
2,633
30,351
1,027,275

25,615,749
2,007,904
658,322

70

152,744,934
373,016,870
168,410,000

304,886,110
4,207
273,008,000

4,770,369
23

233,352,421 1,667,993,895 1,006,540,567

Customs
Internal revenue
Miscellaneous
D i s b u r s i n g officers
Post-OfficeDepartment
Transfers
Gold b a r s
S t a n d a r d silver d o l l a r s
Subsidiary silver
•
Minor coin
Gold certificates
Redemption and exchange
Special c u s t o m s d e p o s i t
Issues

•5,839,035

3,625,606,708

$792,184
339,551
4,899,317
7,543,853
55,390,522
150,500
3,285,047
394,195
160,557,252

Total
DISBURSEMENTS.

Warrants and checks
D i s b u r s i n g officers . .
Post-Oiiice D e p a r t m e n t
Transfers
Redemption a n d exchangeGold c o i n
S t a n d a r d silver dollars
S u b s i d i a r y silver .
U n i t e d States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
S i l v e r certificates.
Minor coin
Clearing-house balances. ..
Redemption a n d destruction
Five per cent fund


Total


52,050
898,946
1,268
35,626,010

• 77,539.570
748,378,614
22,195,986
242,317,900

10,531,031
38,856,228
3,131,977
346,533,269

2,414
98,157
1,157
2,088,667

124,793,417
884,161,599
34,323,968
881,464,090

64,874,754
1,724,580
9,361,071
4,510,561
1,077,765
3,873,485
• 88,542,457
112,687, 683
1,265,719
202,040,000
105,902,220

74,813
37,057,245
17,498,084
16,636,700
6,074,050
77,290,346
2,935,786
183,086,270
2,274,127
4
262,299,000

68,247
2,316
13
789,582
12,557
408,511
1,938,276
635,337
738
13

56,013,602
41,516,626
40,671,648
95,278,866
8,212,258
97,010,766
152,676,326
304,568,616
4,738,606
202,341,508
514,830,306
167,167,695

230,280,055 1,676,292,345 1,004,278,930

6,045,985

3,609,769,896

....

262,000

26,272,086
167,167,695

TREASURER.

167

N o . 1 5 . — A S S E T S AND LIABILITIES OF THE TREASURY OFFICES, JUNE 30, 1903.
Washington.

Baltimore.

NewYork.

Philadelphia.

Boston.

ASSETS.

Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes...
Gold certificates
Silver certificates
Minor coin
Fractional currency
Bonds and interest p a i d . . .
Total cash assets.
Transfer account
Aggregate.

B6,878,956. 77 $196,498,620.00 $8,623,315.00 $18,859,952.04
2,730,591. 00 66,252,798.00
6,951,775.00 1,886,360.00
567,417.46
1,487,285.90 1,303,185.46
183,886.50
32,245.00
398,662.00
98,970.00
321,913.00
34,278.00
503.00
11,882.00
1,511.00
186.00
691,238. 23
14,004.00
11,583.00
66,327.00
4,654.00
587,900.00
594,320.00
1,365,990.00 1,724,660.00
15,239,680.00
434,540.00
114,117.00
364,741.00
570,263.00
1,022,795.00
37,418. 79
21,713. 70
45,940.40
89,077.00
32,616.04
872.91
18.67
25.27
18.00
773.95
36, 552.13
321.40
2,350.23
906,343.66
966,284.00
986,698.00
761,015.00

188,406,606. 69 10,954,189.32
68, 574, 753.80

279,641,172. l

18,767,803.48

24,039,372.81

256,981,360.39

279,641,172.30

18,767,803.48

24,039,372.81

10,954,189.32

LIABILITIES.

Outstanding warrants and
checks
44,494. 58
Disbursing officers' balances
3,741,408.15
Post-Office Department ac. count
280,321.87
Bank-note 5 per cent redemption fund
, 14,880, 938.11
Other.deposit and redemption accounts
1, 691,256. 21
Total agency account 20, 638,418.92
Balance to credit of mints
and assay offices.
Balanceof transfer account
Balance general account.. 236,342,941.47
Aggregate

256,981,360.39
Cincinnati.

39,970.21

1,234,178.68

98,785.73

163,884.46

415,591. 93

19,203,251.88

1,947,089.06

1,693,161.47

220,573.34

2,041,076.88

879,187.43

1,124,511.20

20,714.51

2,542,366.64

442,794.82

289,188.75

696,849.99

25,020,874.08

3,367,857.04

3,270, 745.88

3,853,405.25
6,403,934.08

7,519,567.10
37,567,569.27
209,533,161.85

128,756.10
5,635,272.78
9,635,917.56

6,823,985.66
13,944,641.27

10,954,189.32

279,641,172.30

18,767,803.48

24,039,372.81

NewOrleans,

San Francisco.

Chicago.

St. Louis.

ASSETS.

Gold coin..
Standard silver dollars..
Subsidiary silver
United States notes
Treasury notes of 1890 —
National-bank notes
Gold certificates
Silver certificates
Minor coin
Fractional currency
Bonds and interest paid.

$4,851,028.45 $29,469,726.12
613,670.00
2,845,340.00
132,645.00
799,001.00
40,000.00
265,014.00
3,874.00
20,000.00
80,930.00
1,621,000.00 2,932,840.00
161,276.00
344,059.00
6,952.07
29,289,98

Total cash assets.
Unavailable
'
Aggregate

$10,904,242.62 $6,096,048.56 $29,060,740.30
8,999,015.00 25,949,504.00 32,443,623.00
371,254.00
858,969.53
400,608.00
361,850.00
63,542.00
82,794.00
74,950.00
826.00
3,842.00
309,000.00
11,650.00
52,556.00
2,347,000.00 2,700,950.00
438,290.00
429,387.00
146,855.00
67,937.00
6,824.98
9,460.97
11,347.34
10.00
14.88
2,979.22
• 336.60
95.60

1,015.00

1,677.50

1.52

36,771,751.60

23,806,512.82 35,837,901.56
701,851.34

62,562,088.12

7,347,586. 52

36,771,751.60

23,806,512.82 36,539,752.90

62,562,088.12

LIABILITIES.

Outstanding warrants and
checks
Disbursing officers' balances
Post-Office Department account
Other deposit and rederaption accounts
Total agency account.
Balance to credit of mints
and assay offices
Balance of transfer account.
Balance general account...
Aggregate




87,043.67

726,643.39

192,895.11

66,919.27

558,754.35

471,832.77

3,890,238.10

1,282,331.74

911,750.21

4,724,474.57

918,073.93

2,198,480.27

581,380.42

298,141.45

260,998.63

69,240.80

90,633.02

823,139.07

3,592.17

4,42L47

1,546,191.17

6,905,994.78

2,879,746.34

1,280,403.10

5,648,648.92

1,753, 680.29
4,047,715.06

• 886,564.61
1,834,497.46
27,144,694.75

8,804.06
2,643,248.42
62,603.90
•4,383,281.43 % 313,905.05 4,409,156.61
16,534,680.99 32,882,840.85 49,961,034.17

7,347,686.52

36,771,751.60

23 806,612.82 36,539,752.90

62,562,088.12

168

REFORT ON T H E F I N A N C E S .

N o . 16.—ASSETS OF THE TREASURY IN THE CUSTODY OF MINTS AND ASSAY OFFICES
JUNE 30, 1903.
Carson City.

Boise City.

Charlotte.

Dahlonega.

Deadwood.

BULLION FUND.

Gold coin
Gold bullidn
Standard silver dollars
Subsidiary silver ..
Silver bullion
United States notes
Gold certificates
Minor coin
Balance in subtreasuries
and national banks

$10,160.98
18,261.01
5,349.00
1,344.05
1,409.33

$48,135.90
4.66

$15,612. -55

3,040.00

111,595.13

Aggregate

$25,369.52

95,327.10
75, 549. 75

25,369.62
32,000.00

$27,950.03

162, 775. 69

. ..

58,802. 73

162,775. 69

170, 876. 85

57,369.52

27,950.03

Denver

Total available
Unavailable

Helena

New York.

102,147.03

Seattle.

117,759.58
117,759.58
San.
Francisco,

BULLION FUND.

Gold coin
Gold bullion
Standard silver dollars
Subsidiary silver
Silver bullion
.. . . . .
United States notes
Gold certificates
Minor coin
Balance in subtreasuries
and national banks
Total available
Unavailable
Aggregate

$20,495 26

$8,775 00
39.855,994.23
1,050 00
826 85
403,126 42

$300,759 59

$93,748,616.00
19.799,670.85
56,937,009.00
909,350.98
2, 604,344.10

53 55
$1,197,910 35

184,402 86

4,444,039 35

1,197,910 35

204,898 12

44,713,865 40

1,447,194 62 177,947,541.55
413,557.96

1,197,910 35 .

204,898 12

44,713,865 40

1,447,194 62 178,361,099.51

Philadelphia.

St. Louis.

1,146,435 03

New Orleans.

3, 948,551.62

Total.

BULLION FUND.

Gold coin
Gold bullion
Standard silver dollars
Subsidiary silver
Silver bullion.
United States notes
Gold certificates
Minorcoin
..
Balance in subtreasuries and
tional banks

$61,768,908.00
96, 284,488.75
102,413,954.00
994,361.30
10,084,567.52

na-

Total available
Unavailable
Loss on recoinage
Aggregate bullion fund

10,520 00
07

$1,095,013.86
295,411.17
. 25,518,725.00
261,033.70
2 33
4,849,109.52
95,170 00

$1,513 76

54

$156,631,472.84
156,640,343.07
184,876,087.00
2,166,921.54
17,942,559.22
98,210.00
10,520.00
54 16

828,997 69

8,804 06

62,603 90

12,119,659.27

272,385,797 33
13,543 82
77 93

10,320 15

32,177,067 69
23,818 00
7,387 00

530,485,827.10
586,419.56
7,464.93

272,399,419 08

10,320 15

32,208,272 69

531,079,711.59

M I N O R COIN A N D M E T A L F U N D .

United States notes
Gold certificates
Silver certificates
Minor coin
Aggregate assets




49,160 00
5 00
579,104 23
273,027,688 31

49,160.00
5 00
579,104.23
10,320.15

32,208,272 69

531,707,980.82

169

TREASURER.

N o . 1 7 . — G E N E R A L DISTRIBUTION OF THE ASSETS AND LIABILITIES OF THE TREASURY,
J U N E 30,

1903.

Treasury of- Mints and as- National-bank In transit.
and other
fices.
say offices.
depositories.

Total.

ASSETS.

Gold coin
Gold bullion
Standard silver dollars
Subsidiary silver
Silver bullion
.
"
United States notes
Treasury notes of 1890.
National-bank notes
Gold certificates
Silver certificates
Minor coin
Fractional currency
Deposits in national banks..
Bonds and interest paid..

$318,148,973.52 $156i631,472.84
156, 640,343.07
300,538,960.00 184,876,087.00
7,090,950.84 2,166,921.54
17,942,559.22
9,426,005.00
98,210.00
131,852. 00
13,251, 941. 23
30,552,630.00
59, 686. 66
8,655,970. 00
5.00
290,641.27
579,158.39
941.73
46,119. 53

$382.00
50,000.80
2,908, 234.00
34,500.00
422,000.00
1,249,000.00
1,317,012.00
25,000.12
$151,965,074.13

$474,780,446.36
156,640,343.07
486,415,429.00
9,307,873.18
17,942,569.22
12,432,449.00
166,362.00
13,673 941.23
31,861,310.00
9 972 987.00
894,799.73
941.73
151,965,074.18
46,119.53

Total available assets.'. 688,134,985.12 518,994,437.06 151,965,074.13 6,006,128.92 1,365,100,625.23
701,851.34
Unavailable
586,419.66
218,463.55
1,506,734.45
Unpaid loss on recojnage.. .
7,464.93
7,464. 93
Balance in subtreasuries and
12,119,659. 27
national banks
12,119,659.27
Transfer account
.;... 68,674,753.80
68,574,753.80
Aggregate

.'

757,411,590.26 531,707,980.82 152,183,537. 68 6,006,128.92 1,447,309,237.68

LIABILITIES.

Outstanding warrants and
checks
3, 213,669.45
Disbursing officers' balances. 38,281,129.88
Post-Office Department ac8,802,745.32
count
Bank-note 5 per cent re14,880,938.11
demption account
Other deposit and redemp5,977,347.46
tion accounts

218,352.46
10,867,823.80

3,431,921.91
49,148,953. 68
8,810, 511.41

7,766.09

14,880,938.11
1,095,969.43

7,073,316.89

11,093,942.35 1,095,969.43 83,345,642.00
Total agency account.. 71,155,730. 22
Balance to credit of mints
11,249,644.19
and assay offices
870,115.08
12,119,659.27
Balance transfer account.... 68,574,753.80
68,574,753.80
606,431, 562.05 -531,707, 980.82 140,219,480. 25 4,910,159.49 1,283,269,182.61
Balance general account
Aggregates

No.

757,411,590. 26 531,707,980.82 152,183,537.68 6,006,128.92 1,447,309,237.68

18.—DISTRIBUTION OF THE GENERAL TREASURY BALANCE JUNE 30, 1903.
Treasurer's general account.

Washington
Baltimore
NeAV York
Philadelphia
Boston
Cincinnati
Chicago
St. Louis
New Orleans
San Francisco
Mints and assay offices
National banks
United States depositories.
In transit
Total Treasurer's books.
On deposit with States.
Total Treasury balance.




Receipts not
covered by
warrants.

$236,342,941.47
6,403,934.08
209,533,161.85
9,635,917.56
13,944,641.27
4,047,715.06
27,144,694.75
16,534,680.99
32,882,840,85
49,961,034.17
531,707,980.82
140,215,778.08
3,702.17
4,910,159.49

$113,749.11
264.75
.105,217.48
113,686.54
201,663.09
184.91
20,128.07
213,179.67
7,264.49
145,793.57

1,283,269,182. 61

1,364,796.32

443,664. 64

Balance as
shown by
warrants.
$236,229,192.36
6,403,669.33
209,427,944.37
9,522,231.02
13,742,978.18
4,047,530.15
27,124,566.68
16,321,501.32
32,875,576.36
49,815,240.60
531,707,980.82
139,772,113.44
3,702.17
4,910,159.49
1,281,904,386.29
28,101,644.91
1,310,006,031.20

170

REPORT ON T H E FINANOES.

N o . 1 9 . — A V A I L A B L E ASSETS AND N E T LIABILITIES OP THE TREASURY AT THE CLOSE
OF JUNE, 1902 AND 1903.
June 30, 1902.

June 30, 1903.

ASSETS.

Qold—Coin
Bullion

$435,917,494.67
124,282,805.30
471,427,812.00
11,462,533.80
33,092,635.09

Silver—Dollars
Subsidiary coin
Bullion
Paper—United States notes
Treasury notes of 1890:
National-bank notes
Gold certificates
Silver certificates.

12,389,294.00
197,224.00
11,195,574.95
40,213,080.00
7,439,338.00

Other—Minor coin
919,404.54
Fractional currency
146.83
Depositsinnatibnal banks,etc- 123,983,067.59
Bonds and interest paid . . . . . .
- 16,564.-79

,

Afffirreerate.

$560,200,299.97

515,982,980.89

71,434,610.95

124,919,183.75

$474,780,446.36
156,640,343.07
485,415,429.00
9,307,873.18
17,942,559:22
12,432,449.00
166,352.00
13,673,941.23
31,861,310.00
9,972,987.00
894,799.78
941.73
151,965,074.13
• 46,119.53

1,272,536,975.56

$631,420,789.43

512,665,86L40

68,107,039.23

152,906,935.17
1,365,100,625.23

LIABILITIES.

Agency account:
Outstandingwarrants and checks.
Disbursing officers' balances
Post-Office Department account..
Bank-note 5 per cent redemption .
fund
:..
Other deposit and redemption
accounts
General account:
Gold certificates .
Silver certificates
Treasurynotes of 1890.
Reserve fund
Balance

3,561,165.48
44,899,648.10
9,743,543.62

3,431,921.91
49,148,953.68
8,810,511.41

13,851,846.04

14,880,938.11

7,684,322.16
346,612,089.00
453,997,000.00
30,000,000.00
150,000,000.00
212,187.361.16

7,073,316.89
83,-345,642.00
409,119,869.00
464,706,000.00
19,243,000.00
150,000,000.00
238,686,114.23

1,192,796,450.16

1,281,754,983.23

1,272,536,975. 56

Aggregate

No.

79,740,525.40

1,365,100,625.23

2 0 . — A S S E T S AND LIABILITIES OF THE TREASURY IN EXCESS OF CERTIFICATES
AND TREASURY NOTES AT THE CLOSE OF JUNE, 1902 AND 1903.
June 30, 1902.

June 30, 1903.

ASSETS.

|$253, 801,290.97
27, 962,785.09
11, 462,533.80
12, 389,294.00
197,224.00
11, 195,674.95
919,404.54
146.83
983,-067.59
16,564.79

Total

,

•-.

$254,162, 230.43
29,381, 975.22
9,307, 873.18
12,432, 449.00
166, 352.00
13,673, 941.23
894, 799.78
941.73
151,965, 074.13
46, 119.53

441,927,886.56

Gold coin and bullion
Silver dollars and bullion
Subsidiary s i l v e r —
United States notes
Treasury notes of 1890
National-bank notes
Minor coin
Fractional currency
Deposits in national banks
Bonds and interest paid

472,031,756.23

79,740,525.40
150,000,000.00
212,187,361.16

83,345,642.00
150,000,000.00
238,686,114.23

441,927,886.66

472,031,756.23

LIABILITIES.

Agency account
Reserve fund
Available cash balance
Total




--

TREASURER.
No.

21.—UNAVAILABLE

171

FUNDS OF THE GENERAL TREASURY
DEPARTMENT JUNE 30, 1903.

AND POST-OFFICE

GENERAL TREASURY.

On deposit with the following States under the act of June 23, 1836:
Maine
$955,838.26
New Hampshire
;
669,086.79
Vermont
:
669,086.79
Massachusetts
1,338,173.68
Connecticut
764,670.60
Rhode Island
-.
382,335.30
New York
4,014,520.71
Pennsylvania
2,867,514.78
New Jersey
'.
764,670,60
Ohio
:
.2,007,260.34
Indiana
860,254.44
Illinois
477,919.14
Michigan
•
;
286,751.49
Delaware
286,751.49
Maryland
:....
965,838.25
Virginia
2,198,427.99
North Carolina
1,433,767.39
South Carolina
1,051,422.09
Georgia
1,051,422.09
• Alabama
669,086.79
Louisiana
'.
477,919.14
Mississippi
382,335.30
Tennessee
-.
1,433,757.39
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 ahd Whitaker
$675,326.22
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 offices:
Deficits and defalcations, mint United States, San Francisco, 1857 to 1869
Defalcation, mint United States, Dahlonega, 1861
Defalcation, mint United States, Charlotte, 1861
Deficit, mint United States, New Orleans, 1895
Deficit, mint United States, Carson City

413,557.96
27,950.03
32,000.00
23,818.00
75,549.75

National-bank depositaries:
Failure, Venango National Bank of Franklin, Pa
Failure, .First Nationai'Bank of Selma, Ala

181,377.51
33,383.87

Depcsitories United States:
Defalcation, depository United States, Galveston, 1861
Defalcation, depository United States, Baltimore, 1866
Defalcation, depository United States, Pittsburg, 1867
Deficit, depository United States, Sante Fe, 1866, short in
remittance

$28,101,644.91

701,861.34

572,875.74

214,761.38

778.66
547.50
2,126.11
249.90

3,702.17

Total deficits and defalcations
Total general Treasury

1,493,190.63
"

29,594,836.64

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, 1861

Aggregate.'.




31,164.44
206.76
83.36
5,823.50

37,277.06
29,632,112.60

172
No.

REPORT ON T H E F I N A N C E S .
2 2 . — G O L D COIN AND BULLION IN THE TREASURY AT THE E N D OP EACH MONTH

PROM JANUARY, 1890.
Month.
1890—January..,,
February.".
March
April
May
June
July
August...
September
October...
November
December
1891—January ..
Fefbruary.
March
April
May
June
July
August...
September
October ..
November
December
1892—January..
February.
March
April
May
June . . . . .
July
August . . .
September
October ..
November.
December ,
1893—January..
February.
March
April
May
June
July.
August . . .
September
October...
November
December
1894—January ..
February.
March..'...
April
May
June
July
August
September.
October ..
November
December
1895—January ..
February.
March
April
May
June
July
August
September.
October.:..
November.
December ,
1896—.lanuary .:.
February..
March
April
May
June
July
August
September.

October
November.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

Coin.
$249, 963,167
252, 460,026
253, 782,306
253, 612,783

Bullion.

$66,080,287
66,133,726
66,443,489
67.265,628
67,648,895
263, 784,358
65,996,474
255, 615,950
62,138,864
254, 397,959
67,471,618
262, 748,502
59,907,459
246,.179,012
60,855,395
233, 634,208
230,, 113,362 , 63.642,518
66,799,610
226,,220,604
67,624,860
229, 942,686
63,362.654
233,,469,299
59.685.416
232,,749,803
59,859,416
220,,773,624
61,401,672
193,,929,831
62,067,744
176,,450,378
62,736,957
174,,091,456
65,262,257
176,,482,231
66,343,775
178, 631,016
74,158,836
189, 615,905
78,430,504
193, 412,689
82,212,689
196, 634,061
84,299,689
198, 454,176
83,275,529
198, 847,863
81,194,377
198,,949,892
7,9,712,183
.193, 911,273
77,963,512
193, 573,580
74,836,385
180,,741,321
76,623,598
170,,682,622
75,960,115
166, 583,580
76,055,422
164, 650,486
78,126,222
166, 135,247
79,983,208
167, 615,258
81,697,350
156, 662,452
81,452,478
147, 376,054
79,835,048
137, 837,900
79,503,760
138, 874,473
80,529,774
121, 753,585
80,871,868
115, 646,742
78,345,510
110, 109,923
83,450,336
103, 363,626
98,373,505
78, 049.667
72,,183,123 101,026,648
' 66, 616,899
96,657,273
70, 211,506
90.910,622
73, 624,284
•84„679,495
66, 490,319
77.175,275
107, 029,805
70,-432,992
116, 223,429
60.232.616
116, 475,990
53.716,468
100, 000,110
48,067,706
86, 605,123
44,612, 311
47,050,824
73, 872,012
43,941.337
76, 944,532
44,063,417
79, 602.339
44,197,435
81, 416,461
46,305,066
118, 045,402
47.727,334
91, 879,020
46,010,546
51, 343,230
44,527,722
94, 065,658
51,387,979
• 88.098,517
50,044,014
89, 954,140
63,425,367
94, 265,611
56,746,018
99, 147,914
60,651,509
94, 702,557
202,384
60,208,542
216,756
57,340,757
951,327
54,409,512
45,590,866
83, 977,079
29,820,315
83, 378,392
15,467,938
84; 225,419
26,821,484
140; 874,515
29,054,663.
142, 831,047
32.851.621
135, 594,838
32,662.860
118, 644,283
32.217.024
111, 803.340
30,640,941
371,284
no; 561,114
33,264,086
106, 772,737
40,998,574
121,
47,617,328
706,605
107,
51,969,827
117, 657,275

,
Total.

Held against
certificates.

Net.

$177,386,285
$316,043,454 $138,657,169
187,988,948
318,593.752 130,604,804
185,287,715
320.225,794 134,938,079
186,235,572
320.878.411
134,642,839
190,544,854
321,333,253
130,788,399
190,232.405
321.612,424 131,380,019
184,092,074
316.536.823
132,444,749
310,220,120
124,382,539
185,837,581
306,086.471
147,981,732
158,104,739
294.489.603
156,315,624
138.173,979
293,755,880
162,439,381
131,316,499
293,020,214- 144,047,279
• 148,972.935
297.567.546
.
155,839,449. , 141,728,097
296.831.953
147.119,129 . 149,712,824
292.436.219
148.118,150
144,317,069
280,633,040
141,742,241
138,890,799
255,331,503
133,207,164
122,124,339
238,518.122
117,667.723
120,850,399
236,828.413
115,715,389
. 121,113,024
240,744,488
108,273,079
132,471,409
244,974,791
112,451,569
132.523,222
263,774,741
136,100,319 , 127,674.422
271,843,193
129,193,224
142,649,969
278.846,750
130,740,631
148,106,119
282,753,864 163,178,959
119,574,905
282,123,392 160,001,279
122,122,113
280,144,269
154,329,229
125.815,040
273,623,456
153,713,699
119,909,757
271,527,092 157,295,209
114,231,883
255.577.706
141,235,339
114, 342,367
247.306.220 136,861,829
110,444,391
242,543,695
128,387,379
114.156,316
240,605,908 121,210,399
119,395,509
244,261,469
124,006,120
120,255,349
247,598,466
124.409, 657
123,188,809
238,359.802 117,093,139
121,266,663
228,827,532 120,645,819
108,181,713
217,672,948
103,284,219
114,388,729
218,378,233
106,892,224
111,486,009
202,283,359
105.272.029
97,Oil,330
196,518,610 101.469,969
95,048,641
188,455,433
92,970,019
95,485,414
186,813,962
99,202,933
87,611,029
176,423,172
96,009,123
80.414,049
173,209,771
93,582,172
79,627,599
163,274,172
84,384,863
78,889,309
161,122,128
82,959,049
78,163,079
168,303,779
80,891,600
77,412,179
142,665,594
65,650,175
77,015.419
177,:462,797
106,527,068
70.935,729
176,1456,045
106,149,13670,306,909
170,1192,458
69,990,449
100,202,009
148,1067,816
69,374,549
78,693,267
131,1217,434
66,344,409
64,873,025
120;922,836
65,947,229
54,975,607
120,885,869
65,668,969
55,216,900
123,665,756
64,790,439 ^ 58,875,317
125.613.896
64,252,069
61,361,827
164,850,468
58,925,899
105,424,569
139,606.354
53,361,909
86,244,445
52,647,809
97,353,776
44,705,-967
138,593,280
61,507,769
87,085,511
139.486,496
48,843,189
90,643,307
139.998,154
48,751,009
91.247,145
147.690.978
48,539,569
99.151,409
155.893,932
48,381,569
107,512,363
155.354.066
48,117,579
107,236,487
149,410,926
49,081,089
100,329,837
143,557,513
50,645,539
92,911,974
143,360,839
50,417,659
92,943,180
129,567,945
50,233,979
79, 333,966
113.198.707
49,936,439
63,262,268
99,693,357
49,847,849
49,845,508
167,695,999
43,733,019
123,962,980
171,885,710
43,239,249
128,646,461
168,446,459
43,052,559
125,393, 900
151,307,143
42,961,909
108,345.234
144,020,364
42,320,759
101.699.605
150,012,225
39,293,479
110.718,746
139,825,200
38,867,639
100, 957,561
• 162,771,311 38,736,639
124,034,672
155,323,833
38,197, 309
117,126,524
169,527,102
38,016,749
131,510,353

173

TBEASUEER.

N o . 2 2 . — G O L D COIN AND BULLION IN THE TREASURY AT THE END OF EACH MONTH

FROM JANUARY, 1890—Continued.
Month.
1896—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 .
19U0—January . . .
February..
. March
April
May
June
July
August
September.
October . . .
Novem ber.
December .
1901—January . . .
February..
March
April
May
June
July
August
September.
October....
November.
December.
1902—January . . .
February..
March . . : . .
April
May
.June
•
July
August
September.
October . . .
November.
December.
1903T—January . . .

February..
March
April
May
June
July
August
September




Coin,
$120, 638,598
130,100,363
139,366,403
151,988, 509
157.976.832
155,167,732
152.529.676
149,114,826
150.003.810
154, 338.370
153.417.732
151,965,892
151,910,176
151,266,475
151,609,156
147,256,076
133,518,601
110,702,400
104,775,284
125,843,472
148.201.497
162,391,874
141.800.498
138,441,547
139, 654,545
127,506,746
136,706,410
156,745,506
158,155,309
139,459,075
153,522,696
152,189,537
189,986,760
221,271,988
240,800,255
248,843,301
253,555,094
262,249.724
281.859,663
294,373,698
302.070,279
305,941,131
308,734,471
307.427.400
312,231,333
314,467.816
315.780.331
324.900,809
328,227,537
336,445.'327
350.513.156
358,071,187
374,203,162
384,465,094
385,309.502
389.194,065
394,686,284
398,024,919
401,105,665
407,963,599
415.114.157
422,411,341
430,189,266
428,163,942
429,633,237
435,110,582
435,917,495
435,878,352
442,629,550
455,382,287
457,783,106
452.263,926
458.126,790
466,077,708
476,766,287
485,343,887
483,988,254
477,784,977
474,780,446
474.420.677
473,969,550
471,966,036

Bullion.
$54,565,385
52,286,759
46.849.625
37,254,294
32,786,057
26,539,659
25,547,082
28,929,752
31,230,355
30,223,294
36.969.626
42,123,368
45,559,060
49,465,077
52,454,816
63,647,258
83,671,535
96,998,864
98,049,765
99,294,921
105,175,997
116,299,678
133,423,574
138,502,545
142,074,889
134,186,534
127,385,067
121,560,849
120,829,945
121,742,353
119,870,884
126,658, 786
.127,460,201
131,730,392
139,017,060
141,809,806
144,476,933
141,246,781
131,632,010
127,627,317
124,919,092
116.965.713
112,378,183
123,743,385
116,421,005
124,773,695
142,485,812
149,681.275
161.121.714
142,655,026
138,185,647
139.261.556
125.823.690
111,252,480
109,012.031
116.229,165
123,113.151
131,127,604
139,919,488
131,874,637
125,683,446
124,133,899
114,387,642
115,182,087
116,586,538
117,586,680
124,282,805
126,890,672
128,673,083
135.124.538
148,516,021
158,655,872
159,069,293
157,740,852
156.017.539
154,396, 915
160,182,865
159,678,138
166,640,343
160,448,601
173,388,240
182,845,680

Total.

Held against
certificates.

Net.

$137,316,544
$37.887.439
$175,203,983
144.800.493
37,586,629
182,387,122
148,661,209
37,544,819
186.206.028
151,786,464
37,456,339
189,242,803
153,340,890
37,421, 999
190,762,889
144,319,562
37,387,829
181,707, 391
178,076,667 • 37,285,919 140,790,738
140,817, 699
37,226,.879
178,044,578
144,216, 376
37,017.789
181,234,165
147,663,105
36,898,559
184,561,664
153,573,148
36,814,109
190,387,257
157,363,851
36,725,409
194,089,260
160,911,547
36,557,689
197,469,236
36,494,759
200,731,552
164.236.793
.36,440,789
204,063,971
167,623,182
36,319,199
210,903,334
174,584,135 .
35,951,999
217,190,136
181,238,137
35,883,209
207,701,264
171,818,055
35,820,639
202,825,049
167,004,410
35i 693,679
225,138,393
189,444, 714
35,473,009
253,377,494
217.904.485
35,393,909
278,691,462
243,297,543
35,338,909
276,224,072
239,885,163
35,280,649
276,944,092
241,663,443
35,200,259
281,729,434
246,529,175
33,039,939
261,692,280
228,652,341
32,966,839
264,091,477
231,124,638
32,892,649
278,306,355
245,413,706
32,845,029
278,985,254
246,140,225
32,786,189
261,201,428
228,415,239
32,656,269
273,393,480
240,737,211
32,593,789
277,848,323
245,254,534
68,688,989
317,446,961
248,757.972
98,673,559
353,002,380
254.328.821
127,593,519
379.817,315
252,223,796
150,908,202
390,653,107
239,744,905
161,122.797
398,032,027
236,909,230
184,882,889
403,496.605
218.613.616
181.266.337
413,491,673
232,225,336
173.642.851
422,000,916
248,358,064
197.627.409
426,989,371
229,461,962
422,906,844 204.049,299
218,857,545
421,112,654 200,555.469
220,557.186
207.603.409
431.170,785
223,567.376
210,388,369
428,652,338
218,263,969
209,110,349
439,241,511
230,131,162
215,596,969
458,266,143
242.670,174
474,482,084 231,246,349
243,235,735
232,789,929
479,349,251
246,561,32'2
257,916,709
479,100.363
221,183, 644
257,548,739
488,698,803
231,150,064
248,286,099
497,332,743
249,046, 644
500,026,852 253,259,799
246,767.053
495,717,574 251,285,329
244.432.245
494,321,533 "245,715,739
248.605.794
505,423,230 255,467.399
249,955,831
259,342,649
617,798,435
258,455,786
277,517,169
529,152,523
251.635.354
281,678; 659
541,025.153
259.346.494
282,298.349
539,838,236
257,539,887
277.997.069
540.797,603
262.800.534
307.504.839
546,545,240
239,040,401
305.755.699
544,576,908
238.821,209
298,487,979
244,858,050
543.346.029
303,274,489
242,945,286
546,219,775
306,142,869
246,564,393
552.697,262
306,399; 009
253,801,291
560,200,300
248,006,005
562,769,024- 314,764,019
264,657,694
571,302,633 306,644,939
304,382,054
286,124,771
590.506.825
342,756,194
263,542,933
606,299,127
345,952,024
264,967,774
610,919,798
346,418,819
270,777,264
617,196,083
376,034,814
247,783,746
623,818,560
373.132,044
259,651,782
632.783.826
276,815,803
639,740,802 362.924,999
381,631,459
262,539,660
644,171,119
381,254,489
266,208,626
637,463,116
377,258.559
254,162,230
631,420,789
386,369.399
248,499,879
634,869,278
394,155,919 • 253,201,871
647,357,790
394,097,659
664,811,716
260,714,057

174
No.

REPORT ON THE FINANOES.
2 3 . — S I L V E R COIN AND BULLION IN THE TREASURY AT THE END OF EACH MONTH,
PROM J A N U A R Y ,

Month.

1890—January..
February
• March
April

standard
dollars.

Bullion.

$293,,229,364
297!,575,621
302!,036,610
306;,429,289
309;,988,092
313;,259,910
314,,744,998
316;,071,592
315;, 495,812
315;,278,902
317,,183,482
320,,433,982
326,,747,056
331,,040.452
334,,684,317
338,,588,509
343,,004,448
347,,976,227
348,,471,389
349, 256,571
348, 341,193
347, 339,907
348, 191,920
349, 217.549
351, 653.110
352,,920,220
354,,063,617
355, 500,903
.356,,468,435
357,,189,251
357,,384,873
357,,343,849
356,,173,732
354,,740,380
354, 636,029
355, 054,049
357, 410,597
358, 474,895
359, 490,115
360, 359,922
361, 278,816
362, 302,707
363, 108,461
357, 677,820
360, 499,882
360, 606,732
360, 906,628
361, 463,188
363, 697,067
364, 758,231
365, 807,734
366, •677,908
367, 380,338
368, 141,831
368, 796,668
368, 991,724
366, 900,165
365, 332,738
364, 726,543
364, 537,659
366, 753,119
368, 177,389
369, 009,182
369, 713,330
370, 464, 649
371, 306,057
371, 542,513
370, 704,376
368, 142,782
364, 935,217
364, 528,696
364,•083,702
366, 659,953
369, 273,688
371, 497,164
374, 187,554
376, 572,499
378, 614,043
379, 852,244
381, 066,160
380, 688,963
381, 361,339
382, 972.296

$11,557,760
11,156,952
10,709,439
9,432,627
8,955,254
10,649,450
11,658,805
12,832,692
14,485,014
16,995,315
18,796,046
20,299,954
21,277,979
22,671,532
25,870,383
27,600,434
29,172,111
31,729,052
36,583,124
40,146,730
43,973,513
47,580,682
50,316,836
53,969,468
57,940,646
61,401,457
65,720,466
68,912,657
72,501,676
76,669,151
80,479,594
83,483,551
86,000,554
89,372,154
92,999,927
96,743,988
99,282,961
102,973,771
106,709,122
110,315,196
114,289,140
118,173,820
119,277,735
122,200,760
124,242,787
126,261,553
127,262,267
127,207,874
127,215,171
127,216,957
127,220,207
127,228,437
127,231,643
127,267,347
127,113,763
126,464,771
126,104,476
125,261,863
125,351,623
125,014,161
124,852,679
124,551,374
124,673,187
124,583,685
124,528,559
124,479,849
124,670,701
124,687,226
124,652.406
•124.721.501
124.603.759
124,612,532
124,575.129
123.171.286
122,187.206
120,939,660
119,989,914
119,053,695
118,753,758
116,681,740
114,829,399
113,064,557
112,137.954

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
Augnst
September
October
November
December
1894—January
February
March
April
May
June
July
August
September....
October
November
December.
1895—January
February
March
April
May
June
July ...........
August
September
October
November
December.....
1896—January
February
March
April
May
June
July
Augu
 s t
September
http://fraser.stlouisfed.org/
October
Nove b r
Federal Reserve Bankmofe St. Louis

1890.

Subsidiary
silver.

Total.

$22,506,504 $327.293.628
22,758,530
331,491,103
22,814,565
335,560,614
22,989,474 338i 851,3^10
22,902,558
341,845,904
22,805,226
346,714,686
22,333,891
348,737,694
21,858,259
350,762.543
20,563,709
350.544,535
19,551,410 351.826.627
19,066,586
355,046.114
18,987,690
359.721,626
19,973,211
367,998,246
20,362,665
374,064,649
20,486,094 381,040; 794
20,568,406
386,757,349
20,063,882 392,240,441
19,656,695 399,361,974
19,368,142 404,422,655
18,440,722 407,844,023
16,846,620 .409,161,326
15,196,379
410,116.968
14,389,585 412.898,341
13,789, 325 416.976,342
14,494,842 424,088,598
14,787,832 429,109,509
14,746,917
434,531,000
14,600,427 439,013,987
14.459.497 443,429,508
14,224,714 448,083,116
14,153,063 452,017,630
13,675,773
454,403,173
12.651.498 454,725,784
11,499,679
455,612,113
10,960,183
458,496,139
10,571,481 462,369,518
11,346,523
468,040,081
10,971,876
472,420,542
11,'165,155 477,364,392
11,113,573
481,788,691
11,394,610 486,962,666
11,865,944 492,332,471
12,556,749
494,942,945
12,700,829
492,579,409
13,496,416
498,239,085
12,667,196
499,535,480
11,418,708
499,687,603
11, 639,467 500,310,529
15,9^2,847
506.745.075
16,694,888
508.670.076
17,073,268
510,101,209
17,602,120
511,408,465
17,582j.973 512,194,954
17,889,531
513,298,709
17,970,261
613,880,682
17,720,835
513,167,330
16,809,713
509,814,353
15,424,113
506,018,714
14,724,392 504,802,458
14,483,636
504,035,456
15,481,586
507,087,384
16,131,145
508,859,908
16,677,511
510,259,880
16,516,659
510,813.574
16,589,443 511,582.651
512,338,751
16.652.845
512.746.150
16,532,936
511.447,345
16,055,743
507,677,525
14,882,337
503,083.139
13,426,421
13,032,387 502.164,742
501,460.556
12,764,321
14,186,737 505,421.819
.14,820,486 507,266,460
15,246,374 508,930,744
510,686,117
15,459,003
15,637,424 512,199,837
16,730,976 .613,398,714
16,004,145 514.610,147
15,909,801
513.647,701
16,126,483 510,644,846
509,058,742
14.632.846
609.680,450
14,570,200

Dollars a n d
bullion held
a g a i n s t certificates a n d
notes.
331,771
176,262
290, 605,662
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;725,735
354,664,640
356,218,725
357,592,565
362,285,149
377 274,356
386 267,617
389 867,912
393;833,262
398,144,670
401 691,307
410, 377,398
415,285,347
420,518,586
424,682.151
428,592,874
432,902,993
437 671,782
439,334,162
441 163,765
444;261,546
446,780,634
451 139,149
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; 452,420
48i; 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
465,820.152
466,845.398
468 267.541
474; 101.117
474,548.516
475 439.173
473,847,928
468 938.619
469,265.223
473,113.706
471 903,693
467,698,360
460,942,789
459,999.951
472,481.174
479,435.754
481 006.402
477 989,401

Net.

$45,961, 857
47,314;841
44,955; 052
46,928,042
47,189,821
49,504,543
49,988,781
43,682, 333
33,154i 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; 606
30,569; 667
22,893; 709
20,249,056
19,065; 079
18,831 672
22,397 291
18,732 111
19,245,653
18,495,401
18,747; 357
19,490; 242
19,114; 537
16,731, 391
16,391 622 •
14,448; 348
14,234; 593
15,588; 884
16,900; 932
19,273; 567
18,915; 291
21,011;.187
21,657; 100
18,653; 07916,468; 207
16,491 115
21,964; 911
21,083; 060
17,711 977
17,604 728
23,612,859
24,449,645
27,763,628
28,289,413
29,555; 253
33,619, 911
36,941 818
35,797; 984
27,684 367 .
23,734, 845
21,606 304
22,133; 941
29,868; 571
32,338; 336
36,183; 035
38,013,832
41,985, 200
46,518; 599
46.900; 752
43.179;804
33,576; 408
28,534; 623
26,725; 569
27,612; 627
36,483; 200
38.000;237
35.817 038
38,682,424
44.501, 477
52,455;926.
64,610,196
41,166,527
31.209,091
28,052,340
31,691, 049 .

175

TBEASUREK.
No.

2 3 . — S I L V E R COIN AND BULLION IN THE TREASURY AT THE END OF EACH MONTH,

PROM JANUARY, 1890—Continiied.
Month.

Standard
dollars.

1896—December
$384,
1897—January
388,
February
390,
March
393.
April
395.
May
397,
399,
June
400,
July
398,
August
894,
September
392,
October
N o v e m b e r ...,. 392,
394,
December
397,
1898—January
399,
February
400,
March
•
401,
April
403,
May
404,
June
405,
July
406,
August
S e p t e m b e r '.... 404,
403,
October
404,
November
405,
December
408,
1899—January
410,
February
410,
Marcli
412,
April
415,
May
416,
June
417,
July
416,
August
413,
September
October
:. 411,
411,
November
413,
December
417,
1900—January
418,
February
422,
March
425,
April
428,
May
430,
June
431,
July
430,
August....
430,
September
430,
October
432,
November
432,
December
438,
1901—January
441,
February
444,
March
447,
April;..460,
May
,
454,
. June
465,
July
456,
August
456,
September
455,
October..456,
November
457,
December
461,
1902—January
465,
February.
466,
March
468,
April
470,
May.'.
471,
June....
472,
July
471,
August
S e p t e m b e r . . . . 470,
469,
October
N o v e m b e r . . . . 469,
470,
December
474,
1903—January
476,
February
478,
March
479,
April
481,
May
485,
June
485,
J ly
485,
Digitized foruFRASER
August
482,
September
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

Bullion.

$110,
109,
108,
107
106;
106;
104,
105,
105,
105,
104,
103,
102,
°101,
100,
99;
99,
98,
98,
97,
96,
96,
94
93;
92,
91,
90,
88
87
85i
85,
84,
84,
83
82,
81
80,
79,
78,
74
72;
71
7o;

Subsidiary
silv.er.

Total.

Dollars a n d
bullion held
a g a i n s t certificates a n d
notes.

:,
$14, 215,766 $509,615,585 $476,472,080
1,414,575
513,736,349
479,734,813
16,
>
481,259,781
15, , 805,023 515,669,266
517,048,212
481,157,433
15,,974.428
i,
480,450,219
16, 163.. 767 518,496,110
1.210.920
619,764,958
478,561,088
16,
i.
520,793,923
16, 210.344
473.203.648
',
521,734,140
16; 286.660
471,852,930
519,368,486
15,,335,285
480,535; 617
;,
513,481,747
13, 455,175
486,964,579
509,361,944
11 ,981,078
482,152,199
507,656,383
11, 191,630
481,092,247
1,679,899
507,291,684
10,
483,043,872
510,676,160
11,,707,173
479,047,220
511,868,835
11;,960,092
484,956,707
512,432,535
11,,965,278
491,386,178
;,
512,894,283
12, 018,967
495.377.854
;,
614,072,040
12, 044,089
493,206,645
;,
515,029,907
12; 097,682
491,866, 360
514,879,966
11 ,995,083
489,332,71(3
1,993,449
513,400,895
10;
492,250,653
1,196,708
509,308,574
9,
491,975,015
505,929,775
7,,854,660
489.010.855
<
6,, 673,205 504,290,719
490,Oil, 426
1,959,343
503,212.854
5;
488,855,275
',
506.512.553
6, 931,831
488,319,964
507.531.887
7,,185,217
491,911,985
',
506.376.982
6, 894,375
493,828,286
-,
6, 926,631 507.646.792
494,897,529
v693,355
508.110,172
6,
495,323,922
508.228.226
6,,070,497
496,387,623
507.579.673
5,,381,817
496,168,675
505.059,814' 496,148,625
4 , 130,192
;,
2i 477,671 499,628,449 491,321,161
496,499,279
2,,379,613
484,804,519
496.728.872
3,,187,384
483,319,080
497,200.739
2,, 992,400
483,361,096
502.043,317
4 , 917,001
484,390,325
5i, 308,841 501,772,167
487,301,487
502,582,324
5,,373,882
.488,418,359
504,271,753
5,,512,174
489,822,810
506,432,661
6,,013,488
487.917.649
506,964,446
6,.606,972
484,526,347
508,303,726
7 ,235,870
484,095,294
506, 756,909
7,,705,186
486,263,727
501,747, 657
• 6 ,568,555
,
487,979,735
,641,098
499,422,038
5>
486,943,745
499,237,673
5,,482,866
485,061,407
498,212,961
4,,446,010
483,796,403
1,505,826
503,501,527
478,017,322
6;
,230,550
505,801,665
478,297,690
. 7;
1,016,799
507,768,679
481,087,3209,
1,829,207
509,770,503
482,463,522
9;
1,553,103
511,378,732
479,404,818
10,
1,790,201
513,637,120
477,423,738
10;
»,
477,079,769
10; 314,823 513,535,359
1,620,157
512,073,635
477,983,842
10;
1,075,394
508,463,673
478,463,962
9;
505,625,564
483,244,337
8,,464,829
',
504,204,255
487,962,192
7; 652,542
;,
503, 653,101
488,088,892
6. 914,287
1,364,087
508,147,090
480,544,480
1,418,003
479,143,296
610.345.365
,725,609
481,545,592
511,969,472
:, 444,591 513.694.366
481,761,604
:, 793,627
479,256,416
514,490,867
,462,634
476,567,662
615,982,981
,002,930
476,208,542
515,221,642
', 351,174
480,058,023
612,792,127
1,082,371
486,407,478
606,545,711
,909,608
488,966,438
603,331,475
,428,213
488,358,840
501,834,031
,, 419,206
487,623,632
501,139,537
•, 020,705
479,809,699
505,839,398
i, 624,739
479,386,583
507,317,607
., 500,673
483,088,653
508,281,228
,831,987
480,038,646
510,402,500
1,636,251
476,599,731
510,796,160
1,307,873
473,976,013
512, 666,861
1,432,720
473,449,932
612,796,403
1, 996,276
473,898,384
511,418,978
,958,266
476,020,216
506,929,894

Net.

$33,143,505
34,001,536
34,399,485
35,890,779
38,045,891
41,213,870
47,590,275
49,881,210
38,832,869
27,527,168
27,199,745
26,564,136
24,247,812
31,628,940
26,902.128
21,046,357
17,516,429
20,865,49523,163,547
25,547,250
21,150,242
17,333,559
16,918,920
14,279,293
14,357,579
18,192,689
15,619,902
12,648,696
12,749,263
12,786,250
12,840,603
11,410,998
8,911,189
8,307,288
11,694,760
13,409,792
13,839,643
17,652,992
14,470,680
14,163,966
14,448,943
17,515,012
22.438.099
24,208,432
20,493,182
13,767,922
12,478,293
14,176,266
14,416,558
25,484,206
27,503,975
26,681, 359
27,316,981
31,973, 914
36,213,382
36,465,590
34,089, 793
29,999,710
22,281,227
16,242,063
15,564,209
27,602,610
31,202,069
30,423,880
31,832,852
35,234,441
39,426,319
39.013.100
32,734,104
20,138,233
14,365,037
13,475,191
13,516,905
26,029,799
27,931,024
25,192,675
30,363,854
34,196,429
38,689,848
39,346,471
37,520,594
30,909,678

176
No.

REPORT ON T H E FINANOES.
2 4 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES IN
THE TREASURY AT THE END OP EACH MONTH PROM 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
May...'..
June
July
August
September —
October
November
December
1895—January
February
March
April
May
'.
June
July
August
September —
October
November . . .
December
1896—January
February
March
April
May
June
July
August
September.

October
http://fraser.stlouisfed.org/ .
November

United States]
notes.

,236,224
,823,865
,579,657
,004,411
,747,799
,634,190
,983,412
,393,710
,765,290
,263,263
105,720
,005,631
,355.508
,676,165
,650,818
,496,398
,362,270
,966,744
,788,462
984,58094.9,815
,127,027
,316,707
913,665
583.703
549.328
,776,054
,895,155
,227,714
866.176
,828,738
,132,596
077,858
,600,782
,908,139
,747,476
,986,878
,506,274
,887,702
,873,899
658,693
,806,333
286.612
042,956
452.110
788,988
412,344
139, 202
302,190
070,488
089.660
237,328
090,927
908, 645
116,791
905,913
397,635
206,311
770,527
919,158
681,673
692.758
89,745.257
79,287.111
79,742.984
81,571,560
75,331.689
99,144.263
106,316.600
107,694,736
111,768,519
115,825,143
100,935,176
106,222,443
114,392,534
109,331,635
121,118,261
121,229,658
109,270,478
114,716,282
97,133,716

Federal Reserve Bank of St. Louis

730.690
975,533

Treasury
notes.

$2.233,100
962,500
2,481,649
2,039,144
2.193.717
3.702,294
4,279,421
3,171,227
4,710,946
7,565.067
9.765,252
11.309.957
13,937,685
7,045,902
2,251.786
1.976.366
2,031,045
5,514,681
9,517,659
11.996,788
11,726,920
10,323,314
3,660,414
3,809,869
5,268,551
5.482.485
2,043.810
1.919.154
2,705,967
4,019,143
5.420.240
6.533.367
10,290.675
10.684.691
6,528.533
4.512,210
4,461, 749
2,494,841
1,916,606
2,683,223
1,194,884
2,315,506
11,962,418
11,583,462
11.786.958
12,605,052
17,722,408
22,528,599
27,598,929
30,113,893
28,425,172
26,404,164
28,369,950
33,671,316
36,455,457
28,872,489
27,743, 971
30,089,473
30.109.692
31,485,899
35,058,618
36,630,854
26,565,611
24,322,958
22,044.511
27,103,095
30,644,730
32,352, 314
32,148,256
33,304,774
34,465,919
34,394,748
35,478,756
36,040,233
39,269,516
41,529,379

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
'4,970,638
3,415,237
4,055,760
5,189,490
5.655.174
6,924,947
6,822,252
5,695,080
6,738,795
4,841,754
4,651,152
6,028,889
4,792,427
3,884,496
4,409,486
5,071, 384
5,376,893
6,931,778
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
3.157,587
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
7,600,691
6,018,775
6,523,602
6,391,746
7,063,137
10,409,650
8,630,538
7,110,998
7,587,158
10,002,385
10,668,620
11,933,422
13,816,370
12,834,494
12,981,868
13,063,471

.Total;

United Statesj
notes held
against certificates.

Net.

$25,408,984 $11,630,000 $13,778,
. 24,163,179
10,230,000 13,933,
7,660,000 10,856,
18,516,853
8,795,000 11,151,
19,946,947
9,855,000 14.182;
24,037,094
11,830,000 16,155
27,985,957
11,820,000 16.929
28,749,771
8,820,000 17,870;
26,690,038
6,990,000 11.358;
18,348,301
6,910,000 11.497;
18.407.550
6,270,000 10.291,
16,561,808
6,810,000 8,738,
15,548,935
11,?.60,000 17,017,
28,377,953
12,270,000 15,656;
27,926,224
11,145,000 8.092;
19,237,282
14,000,000 9,263;
23,263,104
17,750,000 14,366;
32,116,827
21,365,000 17,022;
38,387,170
27,265,000 16,758;
44,023,356
• 49,744,517 28,455,000 21,289;
17,845,000 14,845,
32,690,797
10,765,000 11,352;
22,117,608
9,765,000 10.369;
.20,134,827
9,265,000 10.330,
19,595,862
16,760,000 11,367,
28,127,273
29,350,000
9,509;
38,859,414
29,840,000
8,817;
38,657,338
30,210,000
7,82i;
38,031,561
33,730,000
9,892;
43,622,412
29,830,000 14.073,
43,903,483
26,720,000 17.850;
44,570,385
22,210,000 18.814,
41,024,458
17,290,000 19,971
37,261,995
10,550,000 13,302
23,862,601
8,230,000 12,425,
20,655,779
7,100,000 17,396;
24,496,502
14,450,000 24,324;
38,774,191
19,250,000 24,254,
43,504,642
16,670,000 23,578,
40,248,180
15,840,000 26,409,
42,249,873
16,955,000 26,631
43,686,839
11,935.000 24,381
36,316,699
7,855,000 22,563;
30,418,972
5,605,000 17,057,
22,662,292
8,200,000 16,662,
24,762,432
22,325,000 16,947,
38,272,360
33,205,000 17,699,
50,904,114
39,046,000 18,646,
67,691,714
44,935,000 19,209,
64,144,583
47,805,000 29,868,
77,673,385
62,720,000 25,711
78,431,931
57,270,000 25,504;
82,774,725
59,250,000 36,966,
96,216,977
58,935,000 43,294,
102,229,946
61,696,000 47,846,
109,540,855
58.065,000 58,007,
116,072,004
65,765,000 58,774,
114,629,176
54,045,000 45,556,
99,601,671
57,135,000 43,208,
100,343,974
47,005,000 68,044,
116,049,080
37,625,000 91,96i;
129,586,164
36,925,000 89,377;
126,302,508
36,825,000 86,242;
123,067,639
37,295,000 74,695;
111,990.707
48,245,000 66,486,
114.731,683
55,405,000 60,919,741
116,324,741
.56.920,000 55,640,076
112,460,076
76,555,000 66,248,472
141,803,472
63,840,000 85,126,229
148,966,229
56,740,000 84,043,949
140,783,949
45,935,000 96,548,223
142,483,223
31,605,000 113,327,791
144,932,791
28,925,000 109,622,921
138,447,921
32,825,000 112,672,711
145,497,711
34,460,000 119,396,846
153,855,846
32,930,000- |116,137,048
149,067,048
33,430,000 130,995;420
164,425,420
31,840,000 134,524,197
166,364,197
41,540,000 114,068,648
166,598,-648
38,395,000 126,615,408
164,010,408
34,305,000 111,703,443
146,008,443
32,465,000 109,517 074
141,982,074
38,470,000 88,098;
126,668,383

177

TREASURER.

N o . 2 4 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES IN
THE TREASURY AT THE END OP EACH MONTH FROM JANUARY, 1890—Continued.

Month

1896—December....
1897-January
February
March
April
May
June
July
August
September...
October
November . . .
December....y
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...f
September...
October
November . . .
December
1902—January
February
March
April
May
June
July
August
September . . .
October
November . . .
December
1903—January
February
March
April
May
June
July
August

September...

United States
notes.

$85,313,258
78,194,780
85,946,400
98,167,376
98,942,880
97,832,313
98,097,438
94,291,064
92,248,702
94,885,472
87,684,018
84,498,016
84,200,089
72,958,606
82,616,830
79,375,429
58,632.698
56.478.029
60.108, 687
68,596,829
74,285.435
55.020.851
40.379,396
34.944.970
34,265,278
37,037,858
38,375,618
36,161,899
34.623.611
35,586,592
36,133,667
35,351,022
36,560,695
31,726,416
29,416,350
28,869,040
28,411,651
29,180,704
28,339,650
23,878,372
19,848,568
23,928,067
30,066,902
28,779,065
28,724,045
22,174,702
13,385,955
13,Oil, 657
12,093,621
13.626.612
11,969,294
9,791,536
9,070,898
12,197,634
14,213,003
13,860,317
12,705,392
8,651,150
• 7,899,988
7,339,921
5,514, 630
10,999,371
11,278,286
9,987,171
8, 572,902
8, 536,279
12.389,294
9,252,347
5,539,242
3,750,930
3,041,934
2,897,475
2,910,158
6,473, 503
4,288,223
2,406,334
4,607,767
6,571,478
12,432,449
11,485,451
11,303,448
10,302,247



Treasury
notes. .

Nationalbank notes.

$35,645,059
$14,278,970
36,664,898
17,328,389
32,003,659
15,005.984
26,886,470
11,374,958
24,442,653
8,676.050
29,140,874
7,109, 698
30,962,083
5,030,919
32,350,393
5,688.791
29,526,968
4.517.847
21,518,217
3.814.835
4.998.012
7,563,325
4.678.007
3,116,882
6.186.886
2,904,344
6,162,923
4,733,614
3,417,842
6,204,850
2,739,491
3,905,848
2,728,961
3,102.310
3,086,734
1,754.425
4,770,474
2.541,700
4,723,423
4.477,727
4,415,724
4.339,626
3,689,265
1,844,997
4,659,172
1,263,500
4,675,744
1,411.798
5, 480,141
1.580,539
5.748,207
1,988.527
3.709,359
1,306.821
2.873,462
878,579
3.919.501
959,239
4.029.191
923.498
3.518.277
912.488
3.575.093
921,744
3,632,408
865,648
3,640.442
1,210,105
3.999,431
934, 386
4,006,282
1,584,600
4,275, 580
1,385,929
6,182.982
1,854,640
3.776.647
1,252,773
3.876.714
724,941
5,309,026
837,941
6,512.189
803,241
9.478.892
779,503
8.998,726
• 682,060
9,676,801
497, 349
9,079,798
113,812
6,318,390
84,540
5,343,130
86,670
7,952,649
166,841
13,461,480
186,169
10,062.244
. 99,673
8,945,979
152,768
7.038.975
84,903
8,240,741
106,716
8,615,666
242,755
9,251,181
113,096
9,645,840
132,583
9,512,334
81,219
8,237,121
49,386
8,357,637
97,378
10,433,449
156,263
13,006,953
89,476
10,864,621
177,610
9,141,233
81,881
8,982,718
89,427
9,117,164
164,323
11,195,574
197,224
12.937,219
127,415
14; 725,312
78,250
14, 610,339
94,210
13,468,852
47,'722
13,302,019
131.485
16,251,253
132,574
21,569,293
87, 622
16,011,286
106', 901
9,733,404
80.828
9,846,606
124,260
• 11,352,287
146,258
13,673,941
166,352
15,948,987
88,422
19,203,045
119,746
15,520,837
162,792

Total.

$135,
131,
132,
136,
132,
134,
134,
132,
126,
120,
100,
92,
92,
83,
92,
86,
64,
61,
67,
77,
. 83,
60,
46,
41,
41,
44,
43,
39,
39,
40,
40,
39,
41,
36,
34,
34,
34,
37,
33,
28,
25,
31,
40,

United States
notes held
against certificates.
$50", 330,000 $84,907,287
66.838.067
65,360,000
76,525,000 56,431,043
. 74,460,000 61,968,804
69,906,000 62,156,683
68,297,886
65,785,000
72.960.440
61,130,000
69,995,248
62,336,000
63.018.517
63,276,000
67,393,624
52,825,000
48,285,000 51,950,355
48,640,000 43,662.905
48,976,319
43,315,000
34.780.143
49,076,000
48,430,000 43,709.522
37,900,000 48,120,768
37,548,969
26,916,000
34,779,188
26,540,000
26,045,000 41,375,861
55,822,979
21,976,000
20,280,000 62,760,786
17,635,000 42,920,113
20,055,000 26.247.068
20,842,512
20,190,000
20,860,958
20,465,000
22,170,000 22,604,592
20,286,798
23,105,000
22,335,000 17,578,940
18,237,351
21,265,000
19,198,281
21,340,000
19,709,432
20,855,000
19,892,859
19,955,000
19,170,000 21,878,661
15,870,000 20,706,963
20,615,167
13,735,000
13,605,000 20,854,922
22,093,160
11,980,000
14,580,000 22,638,226
18,099,070
15,270,000
14,146,027
14,335,000
7,260,000 18,735,635
4,785,000 26,458,497
3,705,000 36,620,297
36,779,851
2,680,000
36,338,196
2,660,000
1,820,000 29,648,312
1,780,000 18,008,885
1,690,000 16,751,467
1,530,000 18,683, Oil
995,000 26,279,261
22,131,211
18,890,282
16,194.776 '
20.545.091
23,071,424
'23.224.593
22;483,815
18,244,703
16,186,495
15, "794,936
16,104,342
24,095,800
22,320,617
19,210,285
17,645,047
17,817,766
23.782.092
22,316,981
20,342,804
18,455,479
16,658,508
16,330, 979
19,293,985
28,130,318
20,406,410
12,220,666
14,577,633
18,070,023
26,272,742
27,522,860
30,626,239
25,985,876

178
No.

REPORT ON T H E F I N A N C E S .
2 5 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY CERTIFICATES IN TREASURY AT END OP EACH MONTH, PROM JANUARY, 1890.

Month.
1890—January
February . .
March
April
May
June
...
July
August
September .
October . . . .
November .
December..
1891—January
February...
March..'
April
June
July
August
September .
October
November..
December..
1892—January
February . .
March
April
May
June
" July...
August
September .
October
November .
December..
1893—January
February...
March
April
-.
May
June
July
August
September .
October
November..
December..
1894—January
February...
March
April.......
May
June
July
August
September .
October
November..
December..
1895—January
February...
March
April
May
June
:.
' July
August
September .
October
November..
December..
1896—January
February ..'.
March
April
May
June
July
August
September..
October
for FRASER
November . .

Digitized


Gold .
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 1
43, Ibb,570 1
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
17,738,600
23,847,210
25,345,590
23,181,990
19,632, 830
24,254,750
15,729,770
7,782,260
6,135,430
8,888,310
3.324,670
1,071,170
93,710
565,370
129,220
115,860
149,090
75,590
78,360
106,490
137,310
102,770
41,650
43,490
103,470
34,730
55,260
56,280
751,370
58,960
337,060
80,100
84.660
63,640
102,390
88,390
219,330
209,820
103,370
168,230
107,910
163,450
131,140
651,470
583,220
764,910
687,280
497,430
1,393,710
1,618,550
1,591,900
1,390,830
1,416,390 1

• Silver
certificates.

Currency
certificates.

Total.

$90,000
$3,254,118
$23,796,988
4,063,377
250,000
32,636,212
3,407,891
990,000
29.012,101
4,438,605
140,000
28,720,805
4,936,023
340,000
32,749,143
4,329,708
450,000
30,942,668
3,442,258
40,000
31,059,378
4,951,861.
410,000
38,367,591
1,852,364
180,000
IS,091,144
2,443,197
20,000 1 38.P45,8S7
1,976,525
320,000 1 46,052,095
1,566,315
10,000
32,961,005
3,218,788
140,000
23,250,838
3,346,215
26'^, 000
28,761,985
3,757,247
530,000
28,337,707
3,309,417
270,000
30,888,617
5,009,775
310,000
42,097,585
7,351,037
1,425,000
40,382.067
8,198,345
180,000
42.383.166
6, 624,888
730,000
45,076.168
2,920,072
1,990,000
33.242,562
2,525,759.
330,000
23,646,179
3,401,308
370,000
22,973,478
3,954,750
200,000
21,627,470
6,216,336
90,000
23,793,146
3,280,157
90,000
21,520,297
3,589,703
1,380,000
28,643,473
3,209,106
340,000
25,480,286
3,613,837
. 290,000
18,374,357
4,7153,501
490,000
20,587,091
4,472,481
980,000
23.190,981
2,779,159
560,000
27,186,369
2,619,477
970,000
28,935,067
2,297.772
560,000
26,039, 762
2,786,471
270,000
22,689,301
3,748,493
490,000
28, 493,243
4,953.844
580,000
21,263, 61.4
6,750,372
510,000
15,042,632
5,267,551
420,000
10,822,981
140,000
14,127,088
5,098,778
6,650,912
10,800,582
825,000
4,468,339
430,000
5,969,509
2,843,114
485,000
3,421,824
3,607.538
2,882.168
60.000
5,909,370
85,000
6.123,590
7,727,272
100,000
7,943.132
5,716,507
120,000
5,985,597
5,038,854
40,000
6,154,444
6.758.196 .
40,000 " 6,876,646
6,942,257
7,048,747
9,252,550
8.755,240
360,000
9,367.524
140,000
9,610,294
9.702,545
120,000
9,864,195
10,054,123
300,000
10,397,613
12,027,766
260,000
12,391,236
13,492,527
720,000
14,247,257
9,155,785
550,000
9,761,045
6,569,203
280,000
6,905,483
5,312,420
850,000
6,913,790
5,846,720
1,960,000
7,865,680
7,329.232
3,620, 000
11,286,292
7.291,089
430,000
7,801,189
7,374.748
740,000 • 8.199,408
7.699.233
80,000
• 7.842,873
6.692,333.
190,000
6,984,723
9,162.752
350,000
9,601,142
10.577.386
120,000
10,916,716
7.741,243
530,000
8,481,063
7,862,667
3,675,000
11,641,037
8,953,268
275,000
•9,396,498
8,471,611.1
2,800,000
11,379,521
9,625,856
2.845,000
12,634i 306
4,380,165
320,000
14,831,305
11,831,561
245,000
12,728,031
11,293,078
220,000
12,096,298
11,578,091
. 365,000
12,708,001
10,629,424
240,000
11,556,704
11,359,995
150,000
12,007,425
12,376-, 833
610,000
14.379.543
11,464,610
.830,000
13.913,160
10,045,030
410,000
12,046,930
8,686,382
2,595,000
12,672,212
11.591,383 1
40,000 1 13,047,773

TREASURER,
No.

179

2 5 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY
CATES IN TREASURY AT END OF E A C H MONTH, ETC.—Continued.

Month,
1896—December.
3807—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1S98—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1899—January...
February .
March
April
M~ay
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...
November
December.
1902—January...
February .
. March
April
May
June
July
August
September
October...
November
December.
1903—January...
February .
March
April
May
June
July
August
September




Gold
certificates.
$1,392,350
1,460,160
1.501,970
1,483,350
1,517,690
1,455,340
1,496,250
1,473,290
1,509,380
1.535,610
1,534,060
1,648, 740
1,570,460
1,567.390
1,574,360
1,607, 950
1,603,150
1,602,940
1,599,510
1,593,470
1,646,140
1,596,890
1,601,240
1,620,400
1.608,740
1,630.060
1.625,890
1.634.180
1,641,800
• 1,648,640
1,641,550
i;657, 730
13,529,430
36,827,560
24,844,600
23,987,917
23,721,822
23,330,930
28,994,442
37,114,928
26,872,370
25,834,880
27,241,710
21,396,770
25,587, 310
30,716,330
32,892,710
22,761,030
30,841,450
17,750,570
18,492,250
28,418,890
30,182.190
33,666,460
43.241,950
35.538,290
36,976,040
25,408.920
31,136,430
33,426,740
38,788,020
18,217,250
24,502,390
36,093,110
38,345.600
39,129,220
40,213,080
42,221,070
62,745,150
58,929,035
24,322,375
30,406,545
37,145,250
22,686,265
26,930,025
39,083,070
28,626,410
29,945,380
31,861,310
25,718,470
22,229,950
26,390,210

Silver
certificates.
$14,227,704
11,678,971
9,876,003
•12,535,351
13,777,566
11,576,696
17,143,136
14,466,854
11,249,167
10,532,205
11,331,586
11,664,537
11,229,912
14,959,564
11,621,077
6,859,606
3, 638,930
6,507,239
7,897,424
9,803,068
8,117,131
6.636,769
7.575.929
6.345,358
7,098,509
7,293.820
5,888.799
3.763,498
3,647,255
3,958,862
4,216,161
3,939,109
3.646,159
6,043,623
5.657.265
6,350,704
•6,423,688
8,844,459
7.272.017
6,679,641
6,301,190
6.997.351
7,515.653
8,595,706
8,336,273
4,887,265
3,743,255
3,760,593
5,026,597
8,867, 678
5,513,310
4,634, 680
4,947,478
. 6,307,182
6,373,262
5,906,231
5,731,158
.6,642,038
7,837,663
6,229.808
6,594,108
10,077,520
6,673, 704
6,672,408
6,820,496
7,657,684
7,439,338
8.771,458
6,427,977
6,180,622
4,271,662
4,619,160
5,386,3,68
8,440,401
6,276,417
4,910,447
6,129,354
5,963, 269
9,972,987
8,720,068
6,455,616
6,192,784

Currency
certificates.
$500,000
165,000
270,000
610,000
2,035,000
780,000
620,000
1,160,000
375,000
1,325,000
340,000
250,000
1,240,000
70,000
2,230,000
3,330,000
820,000
60,000
560,000
1,100,000
280,000
820,000
50,000
450,000
220,000
400,000
30,000
560,000
60,000
. 460,000
470,000
100,000
260,000
230,000
30,000
90,000
370,000
20,000
100,000
310,000
210,000

10,000

' '36," 656
"716.'666

CERTIFI-

Total.
$16,120,054 .
13,304,131
11,647,978
14,628,705
17,330,252
13,812,033
19,259,381
17,099,145
13,133,646
13,392,816
13,205,644
13,463,277
14,040,376
16,596,956
15,425,437
11,797,652
6,062,084
8,170,177
10.056.936
12,496,530
10,043,279
9,053,654
9,227,168
8,415,761
8,927,249
9,323,889
7,644.688
5,947,679
5,349,050
6,067,509
6,327,711
5,696.839
17,435,589
42.101.183
30.531.865
30.428,621
30,515,610
32,195,389
36,366,459
44,104,669
33,383,660
32,832,231
34,757,363
29,992,476
33,923; 583
35.603.695
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
39,656,648
45,382,128
28,294,770
31.176.094
42,765,618
45,166,096
46,786,804
47,652,418
50,992,528
59,173,127
65,109,557
28.593.937
34,925,705
42,531, 618
31,026,656
32,206,442
43,993,517
33;755,764
35,908,649
41,834.297
34,438,638
28,685,566
32,582,994

180.
No.

REPORT ON T H E F I N A N C E S .
2 6 . — A S S E T S OF THE TREASURY OTHER THAN GOLD, SILVER, NOTES, AND CERTIFICATES AT THE END OP EACH MONTH, PROM JANUARY, 1890.
Deposits in Bonds and
Deposits
Minor coin. Fractional in national treasury of interest
Philippine
currency.
paid.
banks.
Islands.

Month.

X890—January
Februarv . . . . . . . . . . .
J . \.>KfX KA.tAti. Jf
March
April
May..!!....!!!!!.'..!
June
July.
AuEfust . . . . . . . . . . . . . .
J^i. \ ^ ^ K A . . J V
September
October . . . . . . . . . . . . .
KJKyVKJKJK./^
November
December
JU'V^V^VyJ-U K.'V^X

. . . . . . . . . . .

j[891—January
Februarv
March
April
May.!!!!!!!!!!!!!!!!
June
July.!!!!!!!!!!!!!!!!
Ausrust
J . ^ \ . * . ^ lAk^l/ . . . . . . . . . . . . . .
September
October
November
December
JL^\.i\j\^.m.K/\..A. . . . . . . . . . .
.
1892—January
Februarv
JL \ J K J X KAfMX J

. . . . . .

. . . .

March
April
May.!!!!!!!!!!!!!!!!
June
July
August
Sentember . . . . . . . . .
KJV^J^ u v ^ u a . ^ / v ^ x
October
November
December
1893—January
February
March
April
Mav
•^•i"'j
June
July.!..!...!!...!!..
August
.'
September
October
November
December
1894—January
February
March
April
May
!...!!...!!!!
June
July.!!.!...!
!!!.
August
September
October
November
December . . . . . . . . . .
A.* V^V^V^XAJ. K./V^A
1895—January
February
March
April
May
.
June
July.!!!!!!!!!!!!!!!!
August
Sentember
k j ^ ^ i<v/XAa u \ ^ x . . . . .
. . . .
\ - / \ J M\JhJ\.'X
October . . . . . . . . . . . . .
November
December
1896—January
Februarv . . . a . . . . . . .
JL V^KJX L«-C«>X J,
March
April
Mav
*! '
T
•'
June
July.!!!!!!!!!!!.!!!!
August
September


October


$177,396
212.560
233,254
222,984
206,773
196,782
206,894
219 372
204 647
176 596
150 013
163 887
275 973
345 464
344 848
338 099
314 560
324 396
366 960
368 036
364 597
354 112
322 389
319 483
366 784
432 488
457 539
480 226
474 732
460 993
516 617
554 019
505 633
482 329
347 196
355 503
456 253
623 560
645 856
674 657
586 694
603 903
691,315
757,036
859,125
888 297
926 622
938 939
1,106 695
1,225 408
1,266 659
- 1,252,878
1,261,629
1,262,122
1,363,124
1,423 439
1,389 490
1,250 729
1,169 875
1,103 443 .
1,200,446
1,245,306
1,209 435
1,242,261
1,124 339
1,118 923
1,181 134
1,231 973
1.235 498
1,123,611
1,029,616
1,048 616
1,081 129
1,162 765
1,147 719
1,184 625
1,181 593
1.236 606
1,159 562
1,203 848
1,219 592
1,214 914

$1,337
121
220
697
871
260
934
1,177
599
191
151
1,429
655
817
1,416
424
678
911
996
1,628
871
54
1,814
178
1,365
692
1,261
1,425
1,481
'
500
757
1,11.0
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
642
979
1 248
1 712
162
137
1,110
21
36
844

Total.

$341.109 $38,509,953
$37,990 111
34,033,710
642 725
33,178 304
32,312,879
31,992 314
87 091
31,648 899
. 903 922 - 32,776,502
31,468,070
31,226 998
34 428
31,693 166
31,916,024
25 816
30,977 438
1,612 824 • 32,798,090
35,137,010
30,379 8b3
4,536 608
34,772,735
30,297, 111
• 4,270 478
33,309,599
29,937 688
3,195 124
29,937,697
29.741 977
45 556
30.239,753
30,047 118
27 319
29,289 043
. 246 733 • 29,812,404
30,520,820
30,125 635
49 014
30,271,993
29,894 903
30 826
29,974,191
29,549 449
86 219
29,906,843
29,545 361
46 244
28.700.419
28,358 699
16 413
27.137.109
26,540 839
228 314
22,769 179
54 309 . 23.193,152
21,698,734
21,137 977
95 289
20,874,762
20,378 104
142 492
20,144 069
20,506,912
38 640
20,254,009
19,837 682
96 666
20,027,992
18,944 387
716 456
18,239 292
18; 934,906
262 533
18,786,732
17,500 750
827 192
21,476,057
17,378 363
3,616 043
18,347,226
17,605 429
265 684
16,851 886
17,336,589
23 210
16,243 518
16,894,155
133 263
16,357,286
15.742 324
69 833
16,276,838
16,496 613
273 691
16,436,536
15,862 416
91 723
16,036,118
16,569 690
118 098
16,061,920
15,692 654
13 646
16,975,811
15,405 998
111 337
16,112 204
15,681,504
43 346
15,954, 641
16,163 808
244 520
15,365 629
16,095,106
154 286
15,644 582
16,254,388
22 881
16,093 221
21,930,590
5,233 037
15,776 662
17,044,003
575 046
16,848 301
17,685,476
78 856
16,280 076 .
17,213,277
. 72 524
16,458 341
20,421,870
3,073 553
16,799 334
17,220,993
492 849
16,201 046
16,154,235
14 105
16,688,354
15,390 396
190 596
14,926 460
16, 320,829
168 075
15,064 697
16,538,984
207 511
15,201,386
16,840,719
386 271
15,484 095
16,939,322
203 396
16,121 589
17,395,264
11 488
15,913 725
17,466,156
189 280
15,724 648
17,330,897
182 753
14,859 909
16,365,597
116 164
14,915 705
16,406,248
239 766
15,398 598
16,729,474
160 952
16,081 276
16,197,719
12 248
14.829,738
16,156,715
126 492
15,222 883
16,534,018
65 788
14,991,633
16,224,165
23 053
16,443 885
16,797,028
109 538
15,303 377 !!!!!!!!!!!!
16,483,721
54 234
15,768 941 !!!!!!!!!!!!
16,903,120
14 649
14,601 071
15,920,824
237 637
14.610 005
15,817,540
74 412
14.773 482
16,047,106
36 793
14.266.696
16,513,186
132 265
14.408,309
15,525,261
86 169
14,271,280
15,352,088
32 079
14,803 804.
16,159,325
273 750
24,394 657
25,624,630
66 329
27,010 994
28,200,349
40 388
26,698 591
27,991,933
107 00520,962 972
22,277,866
143 139
16,867 356
18,114,936
21 938
16,986,914
17,263,186
115 599
16,619,915
17,992,277
168 493
16,583,237
18,171,245
368 380
16,119 097
17,639,362
304 507

181

TEEASUREB.
No.;

2 6 . — A S S E T S OP THE TREASURY OTHER THAN GOLD, SILVER, NOTES, AND CERTIFICATES AT THE END OF EACH MoNTH, FROM JANUARY, 1890—Continued.

Month.

1896—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
May
June
July
. August
September
October...
November
December.
1901—January...
February..
March
April
May
June
July
August
September
October...
November
December.
1902—January...
February .
March
April......
May
June . . . . ' - July
August....
September
October...
November
December.
1903—January...
February .
March . . . .
April
May
June
July.... : . .
August—
http://fraser.stlouisfed.org/
September

Fractional
Minor coin. currency.

Federal Reserve Bank of St. Louis

130,896
105,465
187,617
265,772
226,952
272,482
319,039
339.958
405,745
316,110
228,852
219,016
090,184
086, 589
165,768
255,021
298,000
353.643
400,640
300,224
303,796
205,793
998,719
835,926
589,514
337,755
697,032
663,632
445,061
377,926
314, 329
244,104
237,162
196,738
154,754
138,889
435.788
317.321
484,209
483,425
499,696
481,''587
436,640
440,069
461,732
498,805
464,762
432,823
296,324
448.644
600,509
582,955
692,547
602,391
646.959
514.341
562.884
613.149
502,456
475,770
344,090
382.691
770.682
769, 603
962,315
871,876
086.257
919,404
810,005
010,676
701,446
738,378
637.667
686.783
785.660
768,761
960.342
813,250
619,766
894,800
811,582
681,149
406,643

$980
1,224
1,800
82
1,078
1,295
1,579
694
848
148
1,270
1,508
169
165
'930
1,024
31
809
1,054
37
1,143
23
751
952
1,114
1,517
35
47
31
976
67
67
69
68
73
69
776
68
72
74
98
146
96
194
125
50
141
61
62
133
131
160
143
132
95
1,252
148
114
178
141
646
132
116
71
155
161
96
147
144
161
141
195
98
183
154
202
182
226
202
941
116
298
84

Deposits
in national
banks.
$15,832,
16,159,
16,673,
16,456,
16,623,
16,710,
16,752,
17,631,
17,215,
16,661,
17,438,
17,159,
37,744,
49.182,
40,091,
31,782,
31,320,
29.049,
28,239,
38,796,
68,266,
66,968,
80,888,
96,014,
94,641,
94,860,
88,985,
85,144,
88,640,
85,170,
81,760,
79,171,
77,716;
80,951,
83.183,
82.050,
82,209,
87,303,
107,936,
111,793,
110,642,
110,86i;
111,322,
101,879,
96,684;
96,064;
96,997
96,478;
96,429;
96,699,
97,359,
97.827,
97,649,
98,322,
101,760,
101,416,
101,961,
103,036,
108,514,
110,840,
112.896,
112,663,
112,678,
113,433,
118,041,
120,396,
124,882,
123,983,
126,162;
125,382,
133,932,
146,885;
148,91i;
150,216;
150,098,
150,552,
150,150,
150,389,
150, 557,
.147,842,
161,662,
162,317,
161,778,

Deposits in Bonds and
treasury of
interest
Philippine
paid.
Islands.

$3,588,431
3,876,460
4,122,463
4,019,978
3,422,901
3,609,367

$173,102
20,803
175,095
146,962
40,812
111,577
56,836
197,010
132.129
138,815
45,047
109,616
72,681
.29,288
79,886
45,451
26,200
103,479
166,645
37,926
186.130
107,919
638,543"
714,466
202,472
35,668
83,327
82,823
31,301
132,668
76,016
31,189
86,445
240,618
593,522
1,767.325
8,211,602
564,043
64.193
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
51,121
291,054
190,923
128.279
398.526
. 20.457
65.750
678.188
35.737
30,402
13,325
47,977
44,865
16.565
216.283
40,082
178,192
289,120
47,121
16,413
45,235
41.477
28.1.99
• 64,488
58,428
46.120
73,177
28,200
1,116,969

Total.

$17,137,873
17,286,645
17,938,241
17,868,857
17,891,239
18,095,819
18,129,556
19,168,953
18,753,823
18,116,652
18,713,882
18,489,756
38,907,251
60,298,759
41,338,200
33,084,003
32,644,274
30,607,396
29,807,698
40,133,818
69,757.087
67,282.202
82,526,725
96,566,313
95,434,101
95,235,856
89,665,721
85,791,121
89,017,132
85,682,065
82,149,681
79,447,289
78,040,118
81,388,868
83,932,113
83,967,222
90,857.766
88,184,605
108,476,123
112,457.672
111,211,946
111.367.909
111,846,693
102,336,728
97,087,345
96,610,933
97,486,621
96,948,846
96,769,130
97,598,281
97,988,542
98,481,790
98,363,936
98,963,989
102,468,400
102,223,621
102,716,291
103,777,376
109.415.619
111,336,806
113,307,365
113,714.545
113.385,156
114.234.023
119.017.105
121.316.728
126.013.222
124,919.184
127.179,423
126,432,989 .
134,811,976
147,912,706
149,596,204
150,919,978
160,929,275
151,363,081
161,139,212
164,856,167
155,111, 992
152,906,935
166,667,149
166,460,325
166,911,349

182

REPOBT ON T H E F I N A N O E S .

N o . 2 7 . — A S S E T S OF THE TREASURY AT TH-E END OF EACH MONTH, FROM JANUARY,

1890.
Gold.

Silver.

$316,043,454
318,593,762
320,226,794
320,878,411
321,333,253
321,612,424
316,536,823
310,220,120
306,086,471
294V489.603
293,755,880
293;020,214
297,567,546
296,831,953
"292,436,219
280,633,040
255,331,503
238,518,122
236,828,413
240,744,488
244,974,791
263,774,741
271,843,193
278,846,760
.282,753,864
282,123,392
280,144,269
273,623,456
271,527.092
255,577,706
247.306.220
242,643.695
240.605.908
244,261,469
247,598,466
238,359,802
228,827,632
217,672,948
218,378.233
202.283,359
196,618,610
188,455,433
186.813,962
176,423,172
173,209,771
163,274,172
"161,122,128
158,303,779
142,665,594
177,462.797
176.456,045
170,192,458
148,067,816
131,217,434
120,922,836
120,885,869
123,665,756
125,613.896
164,350,468
139,606,354
97,353,776
138,593,280
139,486,496
139,998,154
147,690.978
155.893.932
155,354,066
149,410,926
143,557,513
143.360,839
129,567,945
113,198, 707
99,693.357
167,695,999
171.885.710
168,446,459
161,307,143
144.020.364
150.012,225
139,825,200
162,771,311
155,323,833

$327,293,628
331,491,103
336,560,614
338,851,390
341,845,904
346,714,586
348,737,694
350,762,543
350,544,535
351,825,627
355,046,114
369,721,626
367,998,246
374,064,649
381,040,794
386,757,349
392,240,441
399,361,974
404,422,655
407,844,023
409,161,326
410,116,968
412.898.341
416.976.342
424,088,698
429,109,509
434,531,000
439,013,987
443,429,508
448.083.116
452,017,530
464,403,173
454,725,784
455,612,113
458,496,139
462,369,518
468,040,081
472,420,542
477,364,392
481,788,691
486,962,566
492,332,. 471
494,942,946
492,579,409
498,239,085
499,535,480
499,587,603
500,310,629
606.745.075
508.570.076
510,101,209
611,408,465
512,194,964
513,298,709
513.880.682
613.167,330
509,814,353
606.018.714
604,802,458
504.035,456
607,087,384
608,859,908
510,259,880
510,813,574
511,582,651
612,338.751
512.746,150
511,447,345
507,677,525
503,083,139
502,164,742
501,460,556
606,421,819
507,265,460
508,930,744
510.686.117
512,199,837
513,398,714
514,610,147
513,647,701
510,644,845
509,068,742

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
May
June
July
August
September
October...
November
December.
1895—January...
February .
March
April
May
June
-.July
.August
September
October...
November
December.
1896—January . .
February .
March
April
May
June
July
August
September
October...
for FRASER

Digitized


Other.

Total.

Notes

Certificates.

1,408,984
,163,179
1,516,853
1,946,947
,037,094
,985,967
. 749,771
,
,690,038
i 348,301
,
;407,550
,561,808
. 548,935
,
,377,953
,926,224
,237,282
,263,104
,116,827
,387,170
, 023,366
,744,517
,690,797
,117,608
,134,827
,595,862
,127,273
,859,414
,657,338
,031,661
,622,412
,903,483
, 570,386
,024,458
' 261,996
,
,852,601
,656,779
,496,502
,774,191
1,504,642
1,248,180
,249,873
.,686,839
. 316,599
,
1,418,972
: 662,292
,
,762,432
,272,360
1,904,114
,691,714
,144,583
,673,385
,431,931
: 774,726
,
1,216,977
: 229,946
,
1,540,855
1,072,004
,529,176
,601,671
i 343,974
,
1,049,080
' 586,164
,
,302,508
; 067,639
,
,990,707
,731,683
-,324,741
,460,076
,803,472
,966,229
,783,949
,,483,223
,932,791
,447,921
- 497,711
,
,866,846
,067,048
,426,420
1,364,197
. 698,648
,
:, 010,408
,008,443
,982,074

$23,796,988 $38,509,953 $731,063,007
32,536,212
34,033,710
740,817,956
29,012,101
32.312,879
735,628,241
28,720,805
32,776,502
741,174,055
32,749,143
31,468,070
761,433,464
30,942,668
31,916,024
769,171,669
32,798,090
31,059,378
757,881,756
35,137,010
38,367,691
761,177,302
34,772,735
18,091,144
727,843,186
33,309,699
38,946,887
736,978,266
29,937,697
46,062,096
741,363,694
30,239,753
731,491,533
32,961,006
29,812,404
747,006,987
23,250,838
30,520,820
768,105,631
28,761,985
30,271,993
761,322,995
28,337,707
29,974,191
761,616,301
30,888,617
29,906,843
761,693,199
42,097,585
28,700,419
746,349,752
40,382,067
27,137,109
764,794,698
42,383,165
23,193,152
766,602,348
..45,076,168
21,698,734
741,668,210
33,242,562
20,874,762
740,530,268
23,646,179
20,506,912
748,356,761
22,973.478
20,254,009
757,300,433
21,627,470
20,027,992
778,790,873
23,793,146
18,934,905
790,547,517
21,620,297
18,786,732
800,762,812
28.643.473
21,476,067
797,625,347
25,480,286
18,347,226
795,300,595
18,374,357
17,336,589
785,487,986
20,587,091
16,894,155
783,979,271
23,190,981
16,357,286
781,514,981
27,186,369
28,935,067 . 16,276,838 777,804,692
16,436,536
766,202,481
26,039,762
16,035,118
765,474,803
22,689,301
16,061,920
769,780,985
28,493,243
15,975,811
772,881,229
21,263,614
16,681,604
764,322,268
15,042,632
16,954,641
762,768,427
10,822,981
766.544,116
14,127,088
16.096.105
764,122,985
10,800,682
16,264,388
745,004,602
5,969,609
21,930,590
732,641,706
3,421,824
17,044,003
712,867,887
3,607,638
17,685,476
719,648,166'
17,213,277
6,123,590
729,447,014
20,421,870
7,943,132
734,820,435
17,220,993
5,985,697
737,614,701
16,154.236
6,164,444
737,120,162
16,688,364
6,876,646
787,075,834.
16,320,829
7,048,747
790,780,719
16,638,984
9,262,650
790,826,661
16,840,719
9,610,294
783,283,264
16,939,322
9,864,195
774,638,966
17,395,264
10,397,613
774,201,765
17,466,156
12,391,236
781,703,357
17,330,897
14,247,25^
774,136,927
16,365,697
9,761,045
764,546,012
. 6,905,483 16,406,248
16,729,474 793,140,164
6,913,790
782,754,289
16,197,719
7,866,680
761,470,331
16,156,716
11,286,292
798,090,903
16,534,018
7,801.189
797,237,588
16,224,166
8.199,408
787,442,336
16,797,028
7,842,873
797,473,756
16,483,721
6,984,723
811,061.686
16,903,120
9,601,142
807,397.832
16,920,824
10,916,716
826,960,346
16,817,640
8,481,063
827,889,410
11,641,037
16.047.106
812,137,611
9,396,498
16,513,186
801,120,692
11,379,621
15,625,261
787,578,447
12,634,306
15,352,088
774,553.728
14,831,305
16,169,326
868,811,831
12,728,031
25,624,630
874,968,947
12,096,298
28,200,349
868,799,558
12,708,001
27,991,933
861,766,970
11,556,704
22,277,866
853,905,636
12.007,425
18,114,936
851,863,748
14.379,543
17,263,186
849,388,746
13,913,160
17,992,277
849,642,774
12,046,930
18,171,246
836,676,223
12,672.212
17,639,362

183

TBEA8UBEE.
No.

2 T . — A S S E T S OF THE TREASURY AT THE END OF EACH MONTH, FROM JANUARY

1890—Continued.
Month.
1896—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
o August
September
October...
November
December.
1900—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1901—JaiLuary...
FelQruary .
March
April
May
June
July
August —
September
October...
November
December.
1902—January...
F-ebruary .
March . . . .
April
May
June
July
August —
September
October...
November
December.
1903—January...
February .
March
April
May
June
July
August
September

Gold.

Silver.

$169, ,527,102
176, ,203,983
182, ,387,122
186, ,206,028
189, ,242,803
190, ,762,889
181,,707,391
178, ,076,667
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
261, 692,280
264, 091,477
278, 306,355
278, 986,254
261,,201,428
273, , 393, 480
277, ,848,323
317, ,446,961
•353,,002,380
379, ,817,316
390, ,663,107
398,,032,027
403,,496,506
413,,491,673
422, , 000,915
426, ,989,371
422,,906,844
421,,112,654
431,,170,785
428,,652,338
439, ,241,511
458,, 266,143
474, ,482,084
479,,349,251
,100,353
• 479,
488,,698,803
497,,332,743
500,,026,852
495,,717,574
494,,321,533
505.,423,230
517.,798,435
529,,152,623
641, 025,153
639, 838,236
540, ,797,603
546, ,546,240
544, 576,908
543, ,346,029
546, 219,775
552, ,697,262
560, ,200,300
562, ,769,024
571,,302,633
590, ,506,825
606, 299,127
610, ,919,798
617, ,196,083
623, ,818,560
632, ,783,826
639, ,740,802
,
" 644,171,119'
637, ,463,115
63i; ,420,789
634; ,869,278
647;,357,790
[,811,716
654;

$509,680,450
509,615,585
513,736,349
515,659,266
617,048,212
518,496,110
519,764,958
520,793,923
521.734.140
619.368,486
513,481,747
509,351,944
507,656,383
507,291,684
610,676,160
511,858,835
512,432,536
512,894,283
514,072.040
515,029,907
514,879,966
613,400,895
509.308,574
505,929,775
504,290,719
503,212.854
506.612,553
507,531.887
606.376,982
507,646,792
508,110,172
508,228,226
607,579,673
506,059,814
499,628,449
496,499,279
496,728,873
497,200,739
502,043,317
501,772,166
602,682,324
504,271,752
505,432,661
506,964,447
508,303,727
606,756,909
501,747,657
499,422,038
499,237,673
498,212,961
503,501,527
505,801,665
507,768,679
509,770,503
511, 378,732
613,637,120
513,535,369
5.12,073,635
508,463,673
505,525,564
504,204,256
503,633,101
508,147,090
510,345,365
511,969,472
513,594,356
514,490,857
515,982,981
515,221,642
512,792,127
506,546,711
503,331,475
601,834,031
501,139,537
505,839,398
507,317,607
508,281,228
610,402,500
510,796,160
512,665,861
512,796,403
511,418,978
506,929,894




Notes.

Certificates.

Other.

$126,568,383 $13.047.773 $17,137,873
17,286,646
135,237,287
16.120,054
17,938,241
131,188,067
13,304,131
132,956,043
11,647,973
17.868.867
136,428,804
14,628,701
17,891,239
132,061,683
17,330,255
18,095,819
134,082.886
13,812,036
18,129,656
134,090,440
19.269,386
19,168,963
132,330,248
17,099,144
18,753,823
126,293,617
13,133,547
18,115,652
120,218.524
13,392,815
18,713,882
100,235,356
13,205,645
18,489,756
92.292.905
13,463,277
38,907,251
92,291,319
14,040.372
50,298,769
83,855,143
16,596,954
41,338,200
92,139,522
15.425,437
33,084,003
86,020,768
11,797,656
32,644,274
64,463,969
6,062,080
30,607,396
61,319,188
8,170,179
29,807,698
67,420,861
10,056,934
40,133,818
77.797.979
12,496,538
59,757,087
83.040,785
10,043,271
67,282,202
60,555,113
9,053,669
82,526,725
46,302,068
9,227,169
96,566,313
41,032.512
8,416,758
95,434,101
41.325,958
8,927,249
95,235,856
44,774,592
89,666,721
9,323,880
43,391,798
85,791,121
7,544,689
39,913,940
89,017,132
5.947.678
39,502,351
85,682,065
6.349,065
40,538,281
82,149,681
6,067,602
40,564,432
79,447,289
6,327,711
39,847,869^
78,040.118
6,696,839
41,048,651
17,436,589
81.388.868
36,576,963
42,101,183
83,932,113
34,350,167
30.631.865
83,957,223
34,459,922
30,428.621
90,857.766
34,073,160
30.615.510
88,184,606
37,218,226
32,195,389 108,475,124
33,369,070
36,366,459 112,457,672
28,480,027
44.104.569 111;211,948
25,995,536
33,383,560 111,367,911
31,243,497
32,832,231 111,846,593
40,325,297
34,757,363 102,336,729
38,459,851
29,992,476
97,087,346
38,898,196
33,923,583
96,610,934
31,368,312
35,603,595
97,486,622
19,788,885
36,645,965
96,948,846
18,441,467
26,521,623
95,769,130
20,213, Oil
36,898,047
97,598,281
27,274,261
26,608,248
97,988,642
22,131,211
24,715,560
98,481,790
18,890,282
33.053.570
98,353, 936
16,194,776
35,129,668
98,963,989
20,645,091
39,973,642 102,458,400
23,071,424
48,615,212 102,223,621c
23,224,593
41,444,521 102,715,291
22,483,815
42,707,198 103,777,376
18,244,703
32,050,958 109,415,619
16,186,495
38.974.093 111,336,806
15,794,936
39,656,548 113,307,365
16,104,343
45, 382,128 113,714,547
24,095,800
28,294,770 113,385,156
22,320,617
31.176.094 114,234,022
19,210,285
42,765,518 119,017,105
17,645,047
45,166,096 121,316,729
1.7,817,766
46,786,804 126,013,222
23,782,092
47,652,418 124,919,184
22,316,981
50,992,628 127,179,423
20,342.804
59,173,127 126,432,989
18.455.479
65,109,557 134,811,976
16,568.508
28,593,937 147,912,706
16.330,979
34,925,705 149,596,204
19,293,985
42,531,618 150,919,978
28,130,318
31,026,656 150,929,275
20,406,410
32,206,442 151,363,081
12,220,566
43,993,517 151,139,212
14,577,633
33,755, 764 154,856,167
18,070,023
35,908,649 155,111, 992
26,272,742
41,834,297 152,906,935
27,522,860
34,438,538 166.567,149
30,626,239
28,686,566 156,450,325
25,985.876
32,582,994 166,911,349

Total.
$835,961,581
863,463,554
858,553,910
864,338,167
876,239,759
876,746, 656
867,496,826
871,389,359
867,961,933
858,145,367
850,368,632
831,669,957
846,409,076
861,391,370
853,198,009
856,571,768
853,798,467
831,117,864
821.070,369
835,466.569
890.069.963
927.144,647
940,136,523
933,249,397
926,117,182
930,431,351
911,969,026
908,350,972
919,562,087
917,165,517
898,067,064
907,961,138
909,012,812
962,379,883
,015, 241,088
,025,155,849
, 043,128,289
,
,048,006,042
,083,428,562
. 097,457,040
,
,108,379,783
,102,008,129
,104,261,826
,105,496,490
,106,014,186
,104,841,960
,105,447,697
,111,071,877
,114,451,967
,131,271,551
.134.472.931
. 139,829,029
,
, 156,399,210
,
,160,085,788
, 170,073,439
,181,868,910
,186,342.994
.198.840,459
,197,327,476
,213,048,111
,212.801,340
,219,631,722
,220,468,056
,222,652,906
,236,308,409
,243,942,003
,257,805,911
,272,536,975
,278,479,598
,290,043,680.
,315,429,548
. 302,695,753
,
,313,606,717
,331,081,201
,339,744,207
,344,077,366
, 355,375,325 •
,357,763,183
, 357,349,939
, 365,100,624
. 366,194,228
,
,374,538,898
,387,221,829

184
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
November..
December..
1891—January
February...
March
April
May
June
July.v
August
September.
Octobisr
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
Jilly
August
September .
October.....
November .
December..
1895—January
February . .
March
April
May
June
July
August
September.
October
November .
December..
1896—January
February . .
March
April
May
June
July
August
September .,
October
November .
for FRASER
December...

Digitized


OF THE TREASURY AT THE END OP E A C H
JANUARY, 1890.
Certificates
and Treasury notes.
$455,415,928
457,647,278
462.215.742
465,081,992
468,048,625
471,362,730
474,073,040
478,650,340
500.576.090
506,185,043
511,473,893
516,198,247
523,098,373
525,124,073
530,525,511
538,444,056
538,190,649
540,190,031
547,648,703
559,078,603
549,806,748
560,379,410
569,221,709
577,143,259
605,423,412
621,248,974
628,098,049
629,922,671
634,081,717
620,245,304
619,676,803
615,455,530
606,769, 628
598,008,876
598,369,656
599,467,016
607,498,582
601.828.346
597.428.091
596.016,621
594.531.017
584,553,920
577.362,591
565.614,881
570.226.363
587,609,861
599,229,302
604,317.424
612,059,181
609,909,907
614,627,040
619,989,795
621,128,445
615,355,820
616,972,329
616.350.572
612,436,470
607,486,421
606,270,843
590,134,104
578,777,914
572.755,530
567,944,442
566,688,624
573.366.743
579,207.863
581.799.693
602.384,693
600,227.693
591.102.673
582.987,673
668,023.673
562.542,773
558.561,273
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

Agency
account.
$46,802,039
53,961,477
44,722,623
48,878,308
55,048,394
42,196,465
49,738,798
66,619,851
48,146,749
55,661,784
65,493,407
62,050,877
48,924,676
64,685,569
56,881, 629
51,353,442
54,615,831
51,265,912
51,362,278
47,249,350
46,873,493
40,478,929
40,008,123
45.583.045
41,999,000
37,136,339
39,765,879
36,184,614
35,212, 991
38,550,304
37,253,182
36,907,108
39.139.046
37,182,203
36,776,228
41,221,379
40,117,580
38,365,833
39,709,608
39,044,592
38,026,813
37,988,392
37,391,549
39,969,096
42,447,160
39,542,862
40,391,517
42,921,722
40,978,873
38,503,663
42,203, 653
45,739,079
44,300,484
41.598,709
38,164,085
39,204,689
41,779,739
39,719,446
42,361,715
39.282.606
38,089,115
47.137.786
41,375,886
39,935,796
38,736,912
36,613,670
38.448.607
40,636,496
42,256,352
41,086,939
40,726,633
41,527,674
40,419,174
37,653,551
40,417,946
38,114,643
38.926.787
39,362,566
40,492,302
42,385,372
43, 963,994
38,762, 537
43,080,558
44,333,599

MONTH,

Balance.
$228,835,040
229,309,201
228,689,876
227,213,755
228,336,445
245,612,464
234.069.918
215,907,111
179.120.347
175,131,439
164,386,294
163,242,409
174,983,938
168.395.,989
163,915.855
161.718,803
158.886,719
153,893,809
155.783.717
160,274,395
144,987,969
139,671,919
139.126.919
134,674,129
131.368.461
132.162,204
132,898,884
131.518.162
126,005,887
126,692,377
127,060,286
129,152,343
131.895.918
131,011,402
130.328.919
129.092.590
125,265,067
124,128,089
125,630.728
121.482.903
121.665.155
122.462.290
117.887.566
107.283.910
106.875.632
102.294.291
95,199.616
90.375,655
84,082.098
138.662.364
133.950.026
125,097,787
117,854,335
117,684,437
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
186,370,101
196.240.163
187,149,532
184,039,167
186.405.365
179,947,999
177,406,386
178,027,200
171,591,780
262,707,007
271,641,748
270,090,662
267,193,210
267.432.097
256,158,473
243,346,401
241,164,457
233,572,763
225,357,100
228,320,382

FROM

Total.
$731,063,007
740,817,956
735,628,241
741,174,056
751,433,464
759,171,659
767,881,756
761,177,302
727,843,186
736,978,266
741,353,594
731,491,533
747,006,987
758,105,631
751,322,995
751,516,301
751,693,199
745,349,752
754,794,698
766,602,348
741,668,210
740,530.258
748,356.751
757,300.433
778,790,873
790,547,517800,762,812
797,625,347
795,SOO, 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
712,867,887
719.548.155
729,447.014
734,820,435
737,614,701
737.120.152
787.076.834
790,780; 719
790,826,661
783.283,264
774,538,966
774,201,765
781,703,367
774,135,927
764,546,012
793,140,164
782,754,289 '
761,470,331
798,090,903
797,237,688
787,442,336
797,473,766
811,061,686
807,397,832
826,960,346
827,889,410
812,137,611
801,120,692
787,578,447
774,653,727
858,811,831
874,968,947
868,799,668
861,766,970
853,905,636
851,863,748
849,388,746
849,642,774
836,676,223
836,961,681
863,463,554

185

TREASUREE.
No.

2 8 . — L I A B I L I T I E S OP THE TREASURY AT THE END OP EACH
JANUARY, 1890—Continued.
Month.

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
May
June
July
August
September
October...
November
December.
1901—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1902—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1903—January...
February .
March
April
May
June
July
August
September




Certificates
and Treasury notes.

Agency
account.

$595 975,
606 977,
607 702,
605 107,
595 535,
590 878,
588 513,
593 961,
589 070,
580 456,
579 920,
576 956,
581 213,
585 252,
577 402,
564 306,
563 799,
563 788,
559 497,
558 046,
554 057,
553 631,
553 897,
553 447,
552 853,
555 528,
555 003,
554 356,
555 517,
555 226,
554 414,
601 443,
647 965,
656 664,
678 260,
686 979,
716 048,
720 204,
720 500,
727 993,
739 584,
723 544,
724 371,
733 135,
734 513,
740 965,
744 519,
754 012,
763 537,
760 561,
762 426,
770 842,
770 663,
771 754,
773 991,
780 033,
788 032,
803 897,
809 917,
811 468,
816 344, 089
816 075,
822 799,
830 202,
832 186,
830 609,
841 965,
846 876;
855 899,
860 316,
869 236,
876 574,
886 871,
884 726,
890 007,
895 425,
893 762,
893 068,
894 257,
896 739,
902 700.

$47 215,
44 523,
45 491,
43 548,
41 847,
40 372,
46 431,
45 622,
46 104,
43 456,
45 824,
48 959,
48 112,
45 754,
50 228,
51 000,
61 515,
66 020,
75 727,
74 610,
78 520,
79 379,
79 842,
82 218,
84 530,
83 718,
80 515,
99 681,
74 965,
71 354,
79 754,
81 583,
79 579,
79 099,
78 650,
77 431,
74 888,
78 889,
81 086,
77 896,
78 894,
76 246,
80 783,
86 286,
82 729,
83 101,
80 755,
87 151,
77 922,
80 351,.
84 528,
82 748,
87 071.
83 281,
84 982,
88 835,
89 375,
83 495,
85 873,
86 560,
79 327,
81 215,
85 653,
78 999,
80 269,
79 740,
82 539,
84 676,
88 277,
85 957,
89 794,
90 097,
84 527,
84 808,
92 446,
89 Oil,
88 418,
83 345,
93 644,
94 348,
95 103,

MONTH,

Balance.
$215 362,
212 837,
222 045,
228 090,
230 113,
240 137,
233 016,
218 561,
215 192,
207 756,
220 663,
235 474,
223 871,
225 564,
226 166,
215 810,
195 754,
205 657,
254 844,
294 487,
307 557;
300 238,
292 376,
294 764,
274 584,
269 103,
284 043,
263 127,
267 584,*
281 380,
274 844,
279 352,
287 695,
289 391,
286 216,
283 595,
292 490,
298 362,
306 792,
296 117,
295 783,
305 705,
299 859,
285 419,
288 204,
287 005,
289 176,
290 107,
293 012,
298 915,
308 443,
306 494,
312 338,
326 833,
327 368,
329 971,
319 919,
325 655;
317 010,
321 603,
324 796,
325 361,
327 856,
334 739,
345 350,
362 187,
353 974,
359 491,
371 253,
356 421,
354 575,
364 409,
368 345,
374 543,
372 921,
373 326,
375 168,
388 686,
378 291,
383 450,
389 417,

Total.
$858 563, 910
864, 338, 167
875 239, 759 •
876, 746, 656
867 496, 826
871, 389, 359
867 961, 933
858 145, 367
850 368, 632
831, 669, 957
846, 409, 076
861, 391, 370
853, 198, 009
856, 571, 768
853 798, 467
831, 117, 864
821 070, 369
835, 466, 569
890, 069, 963
927, 144, 647
940, 135, 523
933 249, 397
926, 117, 182
930 431, 351
911 969, 026
908, 350, 972
919 562, 087
917 165, 517
898 067, 064
907 961, 138
909 012, 812
962 379,
1,015 241,
1,025 155, 849
1,043 128, 288
1,048 006, 042
1,083 428, 562
1,097 457, 041
1,108 379, 783
1,102 008, 129
1,104, 261, 826
1,105 496, 490
1,105 014, 185
1,104 841, 960
1,105 447, 697
1,111 071, 877
1,114 451, 967
1,131 271, 551
1,134 472, 931
1,139 829, 028
1,155, 399, 210
1,160 085, 788
1,170 073, 439
1,181 868, 910
1,186 342, 994
1,198 840, 459
1,197 327, 475
1,213 048, 111
1,212 801, 340
1,219 631, 722
1,220 468, 056
1,222 652, 906
1,236 308, 409
1.243 942, 003
1,257 805, 911
1,272 536, 975
1,278 479, 598
1.290 043, 680
1,315 429, 548
1,302 695, 753,
1;313 606, 717
1,331 081, 201
1,339 744, 207
1,344 077, 366
1,355 375, 325
1,357 763, 183
1, 357 349, 939
1,365 100, 624
1,366 194, 228
1,374 538, 898
1.387 221, 829

186
No.

REPORT ON T E E F I N A N C E S .
2 9 . — A S S E T S OP THE TREASURY IN EXCESS OP CERTIFICATES AND TREASURY
!N0TES AT T H E E N D OP EACH MONTH, PROM JANUARY, 1890.
Month.

1890—January . . ,
February.,
March
April
May
June
July
August
September
October
November
December
1891—January . .
February .
March
April
May
June
.Tuly
August —
September
October
November
December
1892—January . .
February .
March
April
May
,
June
July
August —
September
October...
November
December
1893—January . .
February.
March
April
May
,
June
July
August
September
October...
November
December
1894—January . .
February.
March
April
May
June
July
August . . .
September
October...
November
December
1895—January . .
February.
March
April
,
May
June.
July
August
September
October
November,
December ,
1896—January..
February.,
March . . . . .
April
,
May
June
July
August
September,
October...
November
for FRASER
December ,

Digitized


Silver.
$177 386,
187 988,
185 287,
186 235,
190 544,
190 232,
184 092,
185 837,
147 981
156 316
162 439,
148 972
141 728,
1 9 712,
4
148 118
141 742,
133 207
117 667
121 113
132 471
132 523
127 674
129 193
130 740
119 574
122 122
125 815
119 909
114 231
114 342
110 444
114 156
119 395
124 006
124 409
121 266
108 181
103 284
106 892
97 Oil
95 048
95 485
99 202
96 009
93 582
84 384
82 959
80 891
65 650
106 527
106 149
100 202
78 693
64 873
54 975
55 216
58 875
61 361
105 424
86 244
44 705
87 085
• 0 643
9
9 247,
1
99 151,
107 612
107 236,
100 329,
92 911,
92 943,
•79 333,
63 262
49 845,
123 962
128 646
125 393
108 346
101 699
718
100 957
124 034
117 126
131 510
137 316

no

Notes,

Other.

Total.

$13 778,984 $38,509,953 $275,637,079'
283.270,678
34 033,710
13 933,179
273.412,4 t
9>
32 312,879
10 856,853
063
11 151,947
32 776,502 . 276,092,
283,384,839
14 182,094
31 468,070
287,808,929
31 916,024
16 155,957
283,808,716
16 929,771
32 798,090
282,626,962
17 870,038
35 137,010
227,267,096
34 772,73511 358,301
230,793,223
33 309,599
11 497,560
229,879, 701 o
29 937.697
10 291,808
215,293; 286
8 738,935 . 30 239,753
223,908,614
17 017,953
29 812,404
232,981,558
30 520,820
15 656,224
220,797,484
30 271,993
. 092,282
8
213,072,245
29 974,191
9 263,104
213,502,550
29 906,843
14 366,827
205,159,721
28 700,419
17 022,170
207,145,995
27 137,109
16 758,356
207,523,745
23 193,162
21 289,517
191,861,462
21 698,734
14 845 797
180,150,848
11 352,608
20 874,762
179,135,042
10 369 827
20 506.912
180,157,174
10 330.862
20 264,009
173,367,461
11 367,273
20 027,992
169,298,643
9 509 414
18 934,905
172,664,763
8 817 338
18 786,732
167,702, 776
21 476,057
7 821 561
161,218; 878
18 347,226
9 892 412
165,242; 681
17 336.589
14 073 483
164,303, 468
17 850,385
16 894,155
166,059, 451
18 814 458
16 357,286
171,034, 964
19 971 995
16 275,838
168.193; 605
13 302 601
16 436,536
167,105; 147
12 425 779
16 035.118
170,313, 969
17 396,502
16 061,920
166,382; 647
24 324 191
15 975,811
162,493, 922
24 254 642
15 681,504
165,340, 336
23 578 180
15 954,641
160,527,495
26 409 873
16 395,105
159,591,968
26 6 1 839
3
16 254.388
160,450,682
24 381 599
21 930,590
155,279, 115
22 563 972
17 344,003
. 17057 292
147,243,006
17 685,476
17 213,277 • 149,322,792
16 562 432
141,837,153
15 947 360
20 421,870
135,591,133
17 220,993
17 699,114
133,297,277
18 646 714
16 154,235
125,060,971
19 209 583
16 688,354
177,165,927
29 868 385
16 320,829
176.153,679
25 711,931
16 538,984
170,836,866
16 840,719
25 504 725
162.154,819
939,322
36 966 977
16
159,183.146
43 294,946
17 395,264
157,229,436
466,156
47 845 855
17
166,352,786
• 8 007,004
5
17 330,897
161,699,467
58 774 176
16 365,597
147,059,591
45 556 671
16 406,248
186,869,321
43 208 974
16 729,474
192,620,185
68 044 080
16 197,719
182,692.417
156,715
16
91 961 164
225,335,373
89 377 508
16 534,018
229,293.146
86 242 639
16 224,165
220,753,712
74 695 707
16 797,028
224,107,013
483,721
486,683
66
16
60 919,741
16 903,120 . 231.853,823
540,076
920,824
225,698, 139
55
15
224.575,653
65 248,472
15 817.540
126,229
047.106
227,661,717
85
16
221,034,938
84 043,949
15 513,186
548,223
625,261 . 218,133, 019 .
96
15
113 327,791
15 362.088 ' 219.554,774
212,010,964
109 522,921
16 159,325
300,260,558
112 672,711
25 624,630
395,846
312.059.694
119
28 200,349
308,206, 306
116 137,048
27 991.933
130 995,420
306,119,997
22 277.866
134 524,197
306,794.663
18 114,936
296,650,775
114 058,648
17 263,185
285.731.773
126 615,408
17 992,277
285,118,451
111 703,443
18 171,245
272,335,300
109 517,074
17 639,362
268,437,658
88 098 383
17 137,873
272,653,981
. 4 907,287
8
17 286,645

187

TREASUREE.
No.

2 9 . — A S S E T S OF THE TREASURY I N EXCESS OP CERTIFICATES AND TREASURY
NOTES AT THE END OF EACH MONTH, PROM JANUARY, 1890—Continued.

Month.
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
.
A.pril
,
May
June
July
August
September.
October . . .
November.
December.
1901—January...
February..
March:....
April
May
June
July
August
September.
October . . .
November.
December.
1902—January . . .
February..
March
April
May.,.
June . . . . . .
July
August
September.
October . . .
November,
December.
1903—January . . .
February..
March.....
April..:..
May
,
June
,
July
August
September,




Gold.

Silver.

Notes.

$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
62,166,583
144,319,562
41,213,870
68,297,885
140,790,738
47,590,275
72,960,440
. 140,817,699
49,881,210
69,996,248
144,216,376
38,832,869
63,018,517
147.663,105
27,527,168
67,393,524
153,573,148
27,199,745
51,950, 355
157,363,851
26,564.136
43,652,905
160,911,547
24,247,812
48,976,319
164.236.793
31,628,940
34,780,143
167,623,182"
26,902,128
43,709,622
174.584.135
21.046,357
48,120.768
181,238,137
17,516.429
37.548,969
171.818,055
20,866,495
34.779,188
167.004.410
23,163,547
41,375.861
189.444,714
25,547,250
65.822,979
217,904,485
21.150,242
62,760,785
243.297,543
17,333,559
42.920,113
239,885,163
16,918.920
26,247,068
241,663,443
14.279.293
20,842,512
246.529.175
14.357.679
20.860.958
228,652,341
18,192,589
22.604.592
231,124,638
15,619,902
20,286,798
246,413,706
12,548, 696
17,578,940
246.140,225
12,749,263
18,237.351
228,415.239
12,786,250
19.198.281
240.737.211
12,840,603
19.709.432
245.254.534
11,410,998
19.892.859
248.757.972
8,911,189
21.878,651
254.328,821
8,307,288
20,706.963
'252,223,797
11,694,760
20.615.167
239,744,905
13.409.792
20,854.922
236, 909,230
13,839,643
22.093.160
218,613,617
17,652,99222.638,226
232,225,336
14.470.680
18,099.070
248,358,064
14,163,965
14,145,027
229,461,962
14,448,943
18,735,535
218,857,545
17,515,012
26,458,497
220,657,184
22,438,100
36,620,297
223,567,376
24,208,433
35,779,851
218,263,969
20,493,182
36,338,196
230,131,162
13,767, 922
29,548,312
242,670,174
12,478,293
18,008,885
243,235,735
14,176,266
16,751,457
246,661,322
14,416,558
18,683, Oil
221,183,644 • 25.484.205
26,279,261
231,150,064
27,503,976
22,181,211
249,046,644
26,681,359
18.890.282
246,767,053
27,316.981
16,194,776
244,432,245
31,973.914
20,545,091
36,213,382
23,071,424
248.605.794
36,455,590
23.224.593
249,955,831
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
16,242,063
15,794,936
257,539.887
15,544,209
16,104, 343
262,800,634
27,602,611
24.095,800
239,040,401
31,202,069
22,320.616
238,821,209
30,423,881
19,210,285
244,858,050
31.832,852
17.645.047
242.945.286
35,234,441
17.817 , 7 6
"6
246.554,393
39.425,319
23,782,092
253.801.291
39,013,100
22,316,981
248.005.005
32,734,104
20,342,804
264.657.694
20,138,233
18,455.479
286.124,771
14,365,037
16,658,508
263,542,933
13,475,191
16,330,979
264,967,774
13,515,905
19,293,985
270,777,264
26.029,799
28.130.318
247,783,746
27,931,024
20.406.410
269,651,782
25,192,675
12,220.566
276.815,803
30,363,854
14.577,633
262,539,660
34,196,429
18.070,023
256.208.626
254,162,230 " 38,689,848 26.272,742
248,499,879
27.622.860
39,346,471
253,201.871
30,626,239
37,520,594
260,714,057
25,985,.876
30,909,678

Other.

Total.

$17,938,241
$262,678,337
17,868,857 . 257,360,594
17.891,239
267,537,286
18,095,819
271.639.183
18,129,656
271,960,873
19,168,953
280,510,406
18,753,823
279,447,980
18,115,652
264.183,414
18,713,882
261.297.679
18,489,756
251,213,004
38,907,251
266,488,143
50,298,759
284,434,437
41,338,200
271,984,076
33,084,003
271,318,835
32,644,274
276,395,534
30,507,396
266,810, 931
29,807,698 - 257,270,436
40,133,818
271,677,636
59,757,087
330,572,030
67,282,202
369,097,714
82,526,725
386,077,940
96,566,313
379,617,464
95,434,101
372.219.349
95,235,856
376,983,568
89,665,721
359,115,243
85,791,121
352,822,459
89,017,132
364,558,474
85,682,065
362,808,904
82,149,681
342,549,451
79,447,289
352,734,535
78,040,118
354,598.609
81,388,868
360.936.680
83,932,113
367,275,185
83,957,222
368,490,946
90,857,766
364.867.385
88,184,606
361,026,639
108,476,124
367,379,959
112,457,672
377,252.758
111,211,947
387,879,003
111,367,910
374.014.350
111,846,693
374,677,647
102,336,729
381,952,310
97,087,346
380,643,006
96,610,934
371,706,281
97,486,621
370,934,017
96,948,846
370,106.198
95,769,130
369,932,588
97,598,281
377,259,172
97,988,542
370,935,652
98,481,790
379.267,040
98,353,936
392,972,221
98,963,989
389,242,799
102,458,400
399,409,650
102,223,621
410,114,221
102,716,291
412,351,305
103,777,376
418,806,770
109,415,619
409.295.386
111,336,806
409,151,022
113,307,365
402,884,251
113,714,547
408,163,633
113,385,156
404,123,968
114,234,023
406,577.817
119,017,104
413,509,320
121.316,729
413,739,914
126,013,222
426,619,822
124,919,184
441,927,886
127,179,423
436,514.509
126,432.989
444,167,591
134,811,976
459,530,459
147,912,706
442.379.184
149,596,204
444,370,148
150,919,978
454,507.132
160,929,275
-452,873.138
151,363,081
459.352.297
161,139,212
465.368,256
154,856,167
462,337,314
155,111, 992
463,587,070
152.906.935
472,031,755
156.567.149
471,936,359
166.450,326
477,799.029
166,911,349
484,520,960

188
No.

REPORT ON T H E

FINANCES.

3 0 . — U N I T E D STATES NOTES OF EACH DENOMINATION ISSUED, EEDEEMED,
OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R PROM 1890.

AND

I s s u e d d u r - T o t a l issued. R e d e e m e d T o t a l r e d e e m e d . O u t s t a n d i n g .
during year.
ing year.

Denomination.
1890.
One dollar
Two dollars
Five dollars .
T e n dollars
T w e n t y dollars
Fifty d o l l a r s
One h u n d r e d doilars
Five h u n d r e d dollars
One t h o u s a n d dollars

$180,611,806.80
178,834,169.20
337,551,376.00
297,400,440.00
253,116,050.00
101,952,800.00
117,579,650.00
174,347,500.00
283,090,000.00
19,975,000.00
39,990,000.00

$3,292,353.20
2,872,878.80
57,730,384.00
90,410,800.00
111,486,350.00
21,462,400.00
32,524,350.00
11,328,500.00
16,538,000.00
25,000.00
10,000.00

78.132.000 2,332,129,808

78,132,000.00 1,984,448, 792.00
1,000, Opo. 00

347,681,016.00
1,000,000.00

78.132,000 2,332,129,808

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

70.792,000 2.402,921.808

70,792,000.00 2.055,240, 792.00
1,000,000.00

347,681,016.00
1,000,000.00

70.792.000 2,402,921,808

70,792,000.00 2,056,240,792.00 • 346,681,016.00

$216,000
216,000
20,020.000
19,720.000
31.360.000
1,800.000
3.400.000
1.400,000

T e n thousand dollars
Total
Net

$183,904,160
181,707,048
395,281,760
387,811,240
364,602,400
123,416,200
150,104,000
185,676,000
299,628,000
20,000,000
40,000,000.

"$638,174. 70
694,414.80
• 20,624,576.50
15,893,453.00
13,286,896.00
4,580,015.00
5,684,470.00
4,571,000.00
12,149,000.00
10,000.00

1891.
One dollar.
Two dollars
Five dollars.
Ten dollars
Twenty dollars
Fiftydollars
One h u n d r e d dollars
Five, h u n d r e d d o l l a r s
One thousand dollars
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...
Net

184,380,160
182,563,048
411,781,760
407,261,240
389,722,400
124,815,200
152,204,000
186,676,000
303,528,000
20,000,000
40,000,000

' 378,153.00
412,997.00
16,703,395.00
18.265,425.00
17.889.980.00
4,018.850.00
5, 904,700.00
2,950,500.00
4,258,000.00
10,000.00

1892.
181.526.094.80
179,817.586.20
369.667.556.00
333.892.285.00
289.478,470.00
109,645.050.00
128.178,250.00
179.676,500. 00
289,648.000.00
19.985,000.00
39,990,000.00

4,062,065. 20
3,081,461.80
61,594,204.00
92,638,955.00
112,803,930.00
16.870,150.00
26,105.750.00
12,519,500.00
17,980.000. 00
15,000.00
10,000.00

66,264,000 2,469,185,808

66,264,000.00 2.121,504.792.00
1,000,000.00

347,681,016.00
1,000,000.00

66,264,000 2,469,185,808

66,264,000.00 2,122,504.792.00

346.681,016.00

One dollar
Two dollars
Five dollars
T e n dollars
T w e n t y dollars
Fiftydollars
One h u n d r e d dollars
Five h u n d r e d dollars
One. t h o u s a n d d o l l a r s
Five t h o u s a n d dollars
Ten thousand dollars...

1,208,000
336,000
19,480,000
19.280,000
12.560,000
1.700,000
2.080.000
6,520,000
4,100,000

Total
Unknown, destroyed
Net

185,688,160
182,899,048
431,261,760
426,531,240
402,282,400
126,615,200
154,284,000
192,196,000
307,628,000
20,000,000
40,000,000

536.135.00
570.420.00
16.412,785.00
18,226,420.00
18.472.440.00
3.673.400.00
4.693.900.00
2,378,500.00
2,300.000.00

1893.
One dollar
Two dollars
Five dollars
1
... .
T e n dollars
T w e n t y dollars
Fiftydollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
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

208,000
528,000
19,640,000
22,320,000
17,040,000
2,300,000
4,520,000
6,180,000
18,380,000

185,796,160
183,427,048
450,901,760
448,851,240
419, 322,400
128,815,200
158,804,000
198,376,000
-326,008,000
20,000,000
40,000,000

182, 399,996.80
873,902.00
180,574.604.20
757,018.00
388,699, 506.00
19,031, 950.00
357, 797,665.00
23,905,380.00
317,844.770.00
28,366, 300.00
114,375.900.00
4,730,850.00
135,398,850.00
7,220,600.00
2,454,000.00 . 182,130,500.00
293,424,000.00
3,776,000.00
19,985,000.00
39,990,000.00

3, 396,163.20
2,852,443.80
62,202,254.00
91,053.675.00
101,477,630.00
14,439,300. 00
23,405,150.00
16,245,500.00
32,584,000.00
15,000.00
10,000.00

Total
Unknown, destroyed

91,116,000 2,560,301,808

91,116,000.00 2,212,620, 792.00
1,000,000.00

347 681 016 00
1,000,000.00

91,116,000 2,660,301,808

91,116,000.00 2,213, 620,792.00

346,681,016.00

Net
1894.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars.
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
Digitized forO n e t h o u s a n d d o l l a r s
FRASER
Five thousand d
http://fraser.stlouisfed.org/ o l l a r s

Federal Reserve Bank of St. Louis

416,000
264.000
11,140,000
17,680,000
19,280,000
2,470,000
4,090.000
36,620,000

186,212,160
183,691,048
462,041,760
466,531,240
438,602,400
131,285,200
162,894,000
198,376,000
361,628,000
20,000,000

759,719.00
646,041.00
20.557,470.00
24,639,290.00
25,631,880.00
2,775,900.00
3,504,200.00
4,206,500.00
8,239,000.00

183,159,715.80
181,220,645.20
409,256,976.00
382,436,956.00
343,476,650.00
117,151,800.00
138,903,050.00
186,337,000.00
301,663,000.00
19,985,000.00

3.052.444.20
2 470 402.80
52^ 784,784.00
84,094,285.00
95,125,750.00
14,133.400.00
23,990,950.00
12,039,000.00
59,965,000.00
15,000.00

189

TEEASUBEE.

N o . 3 0 . — U N I T E D STATES NOTES OP EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R FROM 1890—Continued.
Issued dur- Total issued. Redeemed
ing year.
during year. Total redeemed. Outstanding.

Denomination.
1894.
Ten thousand dollars

$40,000,000

$39,990,000.00

$10,000.00

$90,960,000 2,651,261,808 $90.96U. 000.00 2,303,580,792.00
1,000,000.00

- Total
Unknown, destroyed :

347,681.016.00
1.000.000.00

Net

90,960,000 2,651,261,808

90.960.000.00 2,304,680,792.00

One dollar
Two dollars
Five dollars .
Ten dollars
TAventy dollars.
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars.
Five thousand dollars.
Ten thousand dollars

732,000
608,000
18,000,000
16,760,000
15,520,000
1,530,000
2,210,000

599.333.00
498.302.00
16.463.365.00
20,045,570:00
20.920,580.00
3.220.950.00
4.626,400.00
2.761,500.00
5.684. 000.00

Total
Unknown, destroyed

74,720,000 2,725.981.808

74.720,000.00 2,378,300,792.00
1,000,000.00

347,681,016.00
1.000,000 00

- . . 74,720,000 2.725, 981,808

74,720,000.00 2,379,300,792.00

346,681,016.00

1895.

Net

19,360,000

1896.

One dollar
T wo doll ars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Fi ve thousand dollars
Ten thousand dollars

656,000
1,488,000
19,440,000
22,200,000
7,200,000
3,800,000
8,000,000

Total
Unknown, destroyed

186,944,160
184,299,048
480,041,760
483,291,240
464,122,400
132,815,200
165,104,000
198,376,000
380,988,000
20,000,000
40,000,000

187,600^160
185,787,048
499,481,760
505,491,240
461,322,400
136,615,200
173,104.000
198.376,000
387,128,000
20,000,000
40,000,000

183,-759,048.80
3,185, i n . 20
181,718,947.20
2.580.100.80
425,720,34L00
54,321.419.00
402.482.525.00
80,808,715.00
364.397.230.00
89,725,170. 00
120.372.750. 00 12,442,450.00
143,629,450.00
21.574.550.00
189,098,500.00 • 9,277.500.00
307,247,000.00
73,741,000.00
19,985,000.00
15,000.00
39,990,000.00
10,000.00

184,474,098.80
182,453,257.20
441,584,531.00
421,015,485.00
381,302,870.00
123,309,200.00
147, 758,350.00
191,661,000.00
313, 691,000.00
19,985,000.00
39,990,000.00

3,126,061.20
3,333,790.80
57,897.229.00
84.475,755.00
80 019 530.00
13.306,000.00
25,345,650.00
6.715.000.00.
73.437.000. 00
15,000.00
10 000 00

68,924,000 2,794,906,808

68,924,000.00 2,447,224,792.00
1,000,000.00

347,681,016.00
1,000,000.00

68, 924,000 2,794,905,808

68,924,000.00 2,448,224,792.00

346,681,016.00

6,140,000

Net
1897.

715,060.00
234,310.00
15,864,190.00
18,532,960.00
16,905,640.00
2.936.460.00
4.228.900.00
2,562.600.00
6.444,000.00

346.681.016.00

One dollar
Two dollars
Five dollars .
Ten dollars
Twentv dollars
Fiftydollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars..
Ten thousand dollars

188,300,160
753,248.00
700,000
186,387,048 1,084,833.00
600,000
15,400,000 . 514,881,760 15,822,202.00
14,520,000 520, Oil, 240 17,303, 684.00
7,600,000 468,922,400 14,696,468.00
3,600,000. 140,215,200
2,002,025.00
2,000,000 175,104,000 2,885,550.00
209,476,000
1,712,000.00
ii;100,000
391,228,000
3,360,000.00
4,100,000
20,000,000
40,000,000

Total....'.
Unknown, destroyed .

3,072 813.20
2,848,957.80
67 475 027 00
81,692,071.00
72,923,072.00
14,903,975.00
24,460,100.00
16,103,000.00
74,177,000.00
16,000.00
10,000.00

59,620,000 2,854,525,808

59,620,000.00 2,506,844,792.00
1,000,000.00

347,681,016. 00
1,000,000. 00

59,620,000 2,854,625,808

Net

185,227,346.80
183,538,090.20
457,406,733.00
438,319,169.00
395,999,328.00
125,311,226.00
150,643, 900.00
193,373,000.00
317,051,000.00
19,985,000.00
39,990,000.00

59,620,000.00 2,507,844,792.00

346,681,016.00

1898.

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

22,440,000
14, 680,000
7,680,000
1,300,000
. 3,100,000
700,000
4,360,000

188,300.160
186.387,048
537.321.760
534.691.240
476.602,400
141,516,200
178,204,000
210,176,000
395,688,000
20,000,000
40,000,000

584,378.00
185,811,724.80
724,112.00
184,262,202.20
15,916,335.00 • 473,323,068.00
15,256,240.00
453,675,409.00
11,716,560.00
407,715,888.00
1,382.375.00 126,693, 600.00
2,336,500.00
152,980,400.00
1,441,500.00 194,814,500.00
4,902,000.00
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

Total .;
Unknown, destroyed

54,260,000 2,908,785,808

54,260,000.00 2,561,104,792.00
1,000,000.00

347.681.016.00
1,000,000.00

64,260,000 2.908.785,808

54,260,000.00 2,562,104,792.00

346,681,016.00

N e t

• ..
•

1899.
One dollar
Two dollars .
Five dollars

. . .

.

DigitizedTen dollars
for FRASER


44,000
320,000
28,800,000
29,360,000

188.344.160
186,707,048
566,121,760
564,051,240

271,782.00
333,208.00
19,000,910.00
17,589,450.00

186,083,506.80
184,596,410.20
492.323, 978. 00
471,164,859.00

2,260,653.20
2.111.637.80
73.797.782.00
92,886,381.00

190
No.

REPORT ON T H E F I N A N O E S .

3 0 . — U N I T E D STATES NOTES OP EACH DENOMINATION ISSUED,- REDEEMED, AND
OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R FROM 1890—Continued.
I s s u e d d u r - T o t a l issued. R e d e e m e d T o t a l r e d e e m e d . O u t s t a n d i n g .
d u r i n g year.
ing year.

Denomination.
1899.
T w e n t y dollars
Fifty d o l l a r s
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five thousand dollars
T e n t h o u s a n d dollars
Total
Unknown, destroved

$23,440,000
1,500,000
2,800,000
2,100,000
40,000

$500,042,400 $12,856,650.00
2,722,300.00
143,015,200
181,004,000
4,004,300.00
212,276,000
5,165,500.00
395,628, Odo 26,461,000.00
20,000,000
40,000,000

$420,571,438.00
129,415,900.00
156,984,700.00
199,980,000.00
348,414,000.00
19,985,000.00
39,990,000.00

$79,470,962.00
13,699,300.00
24,019,300.00
12,296,000.00
47,214,000.00
16,000.00
10,000.00

88,404.000 2,997,189,808

88,404,000.00 2,649,508,792.00
j
1,000,000.00

347,681,016 00
1,000,000.00

88,404,000 2, 997,189,808

88,404,000.00 2,660,508,792.00

346,681,016.00

.

..

Net
1900. .
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty d o l l a r s
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five thousand dollars
Ten t h o u s a n d dollars

20,000
56,000
26,700,000
27,880,000
12,320,000
2,000,000
• 4,200,000
500,000
7,000,000

188,364,160
186,763,048
592,821,760
591,931,240
612,362,400
145,015,200
185,204.000
212.776,000
402,628,000
20,000,000
40,000,000

149,099.00
267,936.00
23,441,580.00
20,844,170.00
14,759,790.00
2,035,125. 00
6,128,550.00
1,960,750.00
12,089,000.00

347,681,016.00
1, OOJ, 000.00

80,676,000.00 2,731,184,792.00

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
6,138,200.00
1.545.000.00
11,674,000.00
6,000.00

186,324,367.80
185,088.404.20
641,428,578.00
520.088.4<39.00
452,291.148.00
133.849,625.00
167.251.450.00
203,485.750.00
372.077.000.00
19.990,000.00
39,990,000.00

2,039,792.20
1,674,643.80
61,393,182.00
135.122.771.00
70,471,252.00
12.365,676.00
22,652,650.00
12,390,260.00
39,661,000.00
- 10,000.00
10,000.00

91,680,000 3,169,545,808

91,680,000.00 2,821,864,792.00
1,000,000.00

347,681,016.00
1,000,000 00

91,680,000 3,169,545,808

. 1901.
One dollar
Two dollars
Five dollars
•
Ten dollars
T w e n t y dollars . . .
Fifty d o l l a r s
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars . .

80,676,000.00 2,730,184,792.00
1,000,000.00

80,676,000 3,077,865,808

91,680,000.00 2,822,864,792.00

346,681,016.00

53,750.00
114,290.00
21,234,140.00 •
42,783,450.00
15,971,970.00
2,767,450.00
4,725,200.00
3,631,750.00
10,3.38,000.00

186,378,117.80
185,202,694.20
662,662,718.00
562,871,919.00
468,263,118.00
136,617,075.00
171,976,650.00
207,017,500.00
382,415,000.00
19,990,000.00
39,990,000.00

1,986,042.20
1,660,353.80
30,159,042.00
193,469,321.00
64,499,282.00
9,598,125.00
17,927,350.00
9,258,600.00
29,213,000.00
10,000.00
10,000.00

101,520,000 3,271,065,808 101,620,000.00 2,923,384,792.00
1,000,000.00

347,681,016.00
1,000,*D00.00

101,620,000 3,271,065,808 101,620,000.00 2,924,384,792.00

Net.

2,131,554.20
1,899,701.80
77,056,202.00
99,922.211.00
77,031,172.00
13.564.175.00
23,090,760.00
10,836,250:00
42,125.000.00
16,000.00
10,000.00

80,676,000 3.077,865,8'b8

Total
U n k n o w n , destroyed

186,232,605.80
184,863,346.20
615,766,658.00
492,009,029.00
436,331,228.00
131,451,025.00
162,113,250.00
201,940,750.00
360,503,000.00
19,985,000.00
39,990,000.00

346,681,016.00

•..
63,280,000
10,400,000
1,200,000
4,700,000
3,100,000
9,000,000

Total
Unknown, destroyed
Net
1902.
One dollar
Two dollars"
Five dollars . . .
Ten dollars
Twenty dollars
Fiftydollars
One h u n d r e d dollars
Five h u n d r e d dollars
One t h o u s a n d dollars
Five thousand dollars.
Ten thousand dollars

101, .120,000

400,000

Total
U n k n o w n , destroyed
Net
1903.
One dollar
Two dollars
Five dollars
Ten dollars.
T w e n t y dollars
Fiftydollars
One h u n d r e d dollars
Five h u n d r e d dollars .
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total
Unknown, destroyed


Net."


188,364,160
186,763,048
592,821,760
756,331,240
622,762.400
146,215,200
189,904,000
216,276,000
411,628,000
20,000,000
40,000,000

188,364,160
186,763,048
592,821,760
865,931,240
522,762,400
146,215,200
189,904,000
216,276,000
411,628,000
20,000,000
40,000,000

37,188.00
64,990.00
11,945,017.00
69,557,690.00
13,816,840.00
2,911,825.00
5,354,450.00
1,567,000.00
4,365,000.00

186,415,305.80
186,257,684.20
574,607,735.00
632,429,609.00
482,079,958.00
139,628,900.00
177,331,100.00
208,674,500.00
386,780,000.00
19,990,000.00
39,990,000.00

1,948,854.20
1,505,363.80
18,214,026.00
233,501,631.00
40,682,442.00
6,686,300.00
12,572,900.00
7,701,500.00
24,848,000.00
10 000 00
10,000.00

109,600,000 3,380,665,808 109,600,000.00 3,032,984,792.00
1,000,000.00

347.681.016.00
1,000,000.00

109,600,000 3,380,665,808 109,600,000.00 3,033,984,792.00

346,681,016.00

109,600,000

:..

188,364,160
186,763,048
692,821,760
655,211,240
522,762,400
146,215,200
189,904,000
215,876,000
411,628,000
20,000.000
40.000.000

191

TEEASUEEE.
No.

31.—TREASURY NOTES OP 1890
OP EACH DENOMINATION ISSUED, REDEEMED,
AND OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R PROM 1891.

Denomination.
1891.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
One h u n d r e d dollars
One thousand dollars

I s s u e d d u r - T o t a l issued. R e d e e m e d
Total
ing year.
d u r i n g year. . redeemed.

Outstanding.

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

$139,967
34.908
123,815
512,290
21.320
186,700
605,000

$139,967
34,908
123,815
512,290
21,320
186,700
605,000

$3,516,450
3,141,092
10,096,185
17,047,710
3,418,680
6,713,300
6,295,000

51.852.417

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
1,663,000

1,642,876
1,291,974
1,593,400
2,234,620
382,200
967,700
2,168,000

6,261,965
8,676,026
23,246,600
30,685, 380
11,377,800
10,032,300
11,432,000

60,130,424

111, 982,841

8,646,770

10.270.770

101,712,071

10,770,106
7,888,000
• 20,100,000
19,360,000
11,040,000
800,000
1.080.000
16.200,000

18, 674,947
17,856,000
44.940,000
52,280,000
22,800,000
800,000
12,070,000
29,800,000

3,733,078
4,204,372
6,410,530
6,076,710
2,080,060
6,300
3,430,900
15,818,000.

5.375.954
5,496,346
8,003,930
8,311.330
2,462,260
6,300
• 4,388,600
17,986,000

13,298,993
12,369,654
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

25,344,137
6,669.190
4,192,000 . 22,048,000
9,200,000
64,140,000
8.720.000
61,000,000
3,840,000
26,640,000
370,000
1,170,000
17,570,000
*.. 5,500,000
13,300,000
43,100,000

7,138,726
6,205,329
12,316,885
11,447,780
4,067,080
114,800
1,554,400
3.552.000

12,514,680
11,701,675
20,320,815
19,759,110
6,529,340
121,100
5,943,000
21,538,000

12,829,467
10,346,326
33,819,185
41,240,890
20,110,660
1,048,900
11,627,000
21,562,000

61,791,190

251,012,137

46.397.000

98,427,720

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

8.063,606
5,970,499
13,637.675
12.140.110
5.276, 360
302.850
1,724.900
3.596.000

20,578,286
17,672,174
33,958,490
31,899,220
11,805,700
423,950
7,667,900
25,134,000

11,050,834
8,711,826
40,421,510
39,820,780
15,954,300
751,050
9,932,100
19,446,000

44,215,983

296,228,120

50.712,000

149,139,720

146,088,400

7.530,880
6,168,000
17,820,000
12,760,000
880,000

39,160,000
32,652,000
92,200,000
84,480,000
28,640.000
1.175.000
17.600,000
44,580.000

6,964,279
5.089.496
15,611,655
12,617,210
5,298,360
300,800
4,043,200
11,639,000

27,642,565
22,761,670
49,570,145
44,516,430
17,104,060
724,750
11,711,100
36,773,000

11,617,435
9,790,330
42,629,856
39,963.570
11.635,940
450,250
5,888,900
7,807,000

45,158,880

Total

$3,666,417
3,176,000
10,220,000
17,560,000
3.440,000
6, 900,000
6.900.000

340. 387.000

61,664,000

210,703,720

129,683,280

7,144,000
4,352.000
6.420,000
3,620,000^
1,680,000
250,000
7,320,000

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
6,211,960
12,874,790
10,794,280
. 3,558,060
129,550
2,801,800
3,156,000

34,518,125
27,973,630
62,444,936
55,310,710
20,662; 120
864.300
14.612.900
.39.929.000

11,785,875
8,930,370
36,175,066
32,689,290
9,657,880
320,700
3,337,100
11,971,000

30,686,000

371,073,000

45,602,000

256.205,720

114,867,280

1892.'
One dollar
Two dollars
Five dollars .
Ten dollars
;
Twenty dollars.
One h u n d r e d dollars
One t h o u s a n d dollars
Total
1893.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars.
Fifty dollars
'
One h u n d r e d dollars
One t h o u s a n d dollars
Total
.

1894.

One dollar.
Two dollars
Five dollars
Ten dollars
:
T w e n t y dollars
Fiftydollars
One h u n d r e d dollars
One thousand dollars
Total
1895.
One dollar
Two dollars
Five d o l l a r s . . . .
.
Ten dollars
Twenty dollars.
Fifty d o l l a r s
One h u n d r e d dollars
One thousand dollars
Total
1896.
One dollar.
Two dollars
Five dollars
Ten dollars.
T w e n t y dollars
Fiftydollars
One h u n d r e d dollars
One thousand dollars .
Total
1897.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty d o l l a r s
One h u n d r e d dollars
One thousand dollars
Total




192

REPORT ON T H E F I N A N C E S .

N o . 31.—:TREASURY NOTES OP 1890 OF EACH DENOMINATION ISSUED, REDEEMED,
AND OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R PROM 1891—Continued.
I s s u e d d u r - T o t a l issued. R e d e e m e d
during year.
ing year.

Denomination. ~
1898.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty d o l l a r s .
One h u n d r e d dollars
One t h o u s a n d dollars

Total
redeemed.

Outstanding.

150,000
628,000

$58,260; 000
44,032,000
103,120,000
91,600,000
32,000,000
1,175,000
18,000,000
52,528,000

$7,841.027
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
72,243,650
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
115,520, 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
1,023,850
16,433,200
50,659,000

12,512,202
8.842.088
32.664,010
27,227,680
8,685,350
151,150
1,566.800
1.869.000

30,712,000 •

431,427,000

. 38,401,000

337,908,720

93,518,280

28,000
1,440,000
5,220,. 000
7,360,000
1,920,000
40,000

64,704,000
49,808,000
120.740,000
104,680,000
35,760,000
1,175,000
18,000,000
52,568, 000

7,081.540
5.311,330
10.730.750
7,333,990
2,082.520
31.850
342.300
585,000

59,245,338
44,837,242
93,586,740
77,426,310
27,237,170
1,055,700
16,775,500
51,244.000

5.458,662
4,970.758
27,153,260
27,253.690
8,522.830
119.300
1,224,500
1,324.000

16, OOS. 000

447,435,000

33,499.280

371,408,000-

76.027.000

64,704,000
49,808.000
120,740,000
104,680,000
35.760; 000
1,175,000
18,000,000
52.568,000

3,273.173
2.957.202
10.616.185
8.313,850
2,285,340
29,850
289,400
479,000

62,518.511
47,794,444
104,202,925
85,740,160
29,522,610
1,085,550
17,064,900
51.723,000

2,185.489
2.013,556
16,537,076
18,939,840
6,237,490
89,450
935,100
845,000

447,435,000

28,244,000

399,652,000

47,783,000

63,584,677
48,854,343
111,582,150
91,996,200
•31,122,430
1,104,900
17,250,300
51,940,000

1,119,323
953,657
9,157,850
12,683,800
4,637,570
70,100
749,700
628 000

$11,956,000
7.128,000
4,500,000
3, 600,000
1,680,000

Total
1899. •
One dollar
T w o dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty d o l l a r s
O n e h u n d r e d d o l l a r s ..One thousand dollars .
Total

•...

1900.
One dollar
Two dollars . .
Five dollars
Ten dollars
T w e n t y dollars
Fifty dollars
O n 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
Total
1901.
One dollar. .
Two dollars
Five dollars.
Ten dollars
T w e n t v dollars
Fifty dollars
One hundred dollars.
One thousand dollars
Total
• 1902.
One dollar
Tvvo d o l l a r s .
Five dollars
Ten dollars
T w e n t y dollars
Fifty d o l l a r s
One h u n d r e d dollars
One thousand dollars

64.704.000
49.808.000
120.740.000
104,680,000
35,760,000
1.175.000
18,000,000
52,568,000

1,066,166
1,059,899
7,379,225
6,256,040.
1,699,920
19,350
185, 400
217,000

447,435,000

Total

17,783,000

417,435,000

30,000,000

64,704,000
49,808,000
120,740,000
104,680,000
35,760,000
1,175,000
18,000,000
62,568,000

348,539
340,901
4,122,540
4,359,010
1,326,760
, 12,850
139,400
107,000

63,933,216
49,195,244
115,704,690
96,355,210
32,449,190
1,117,750
17,389,700
52,047,000

770,784
612,756
5,035,310
8,324,790
3,310,810
57,250
610,300
521,000

447,435,000

10,757,000

428,192,000

19,243,000

1903.
One dollar
Two dollars
Five dollars.
Ten dollars
T w e n t y dollars
Fiftydollars. ..
One h u n d r e d dollars
One t h o u s a n d dollars
Total




193

TREASURER.
No.

3 2 . — G O L D CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1890.

Denomination.
1890.
Twenty dollars
Fiftydollars
One hundred dollars . .
Five hundred dollars .
One thousand dollars .
Five thousand dollars.
Ten thousand dollars..
Total.
1891.
Twenty dollars
Fiftydollars
One hundred dollars . .
Five hundred dollars..
One thousand dollars .
Five thousand dollars.
Ten thousand dollars..
Total .
1892.
Twenty dollars
Fiftydollars
One hundred dollars..
Five hundred dollars..
One thousand dollars .
Five thousand dollars.
Ten thousand dollars .
Total
Twenty dollars
Fifty dollars
One hundred dollars . . .
Five hundred dollars ..
One thousand dollars .,
Five thousand dollars.,
Ten thousand dollars .
Total
1894.
Twenty dollars
,
Fiftydollars....
,
One hundred dollars . .
. Five hundred dollars..
One thousand dollars .
Five thousand dollars.
Ten thousand dollars..
Total .
1895.
Twenty dollars
Fifty dollars
One hundred dollars . .
Five hundred dollars .
One thousand dollars .
Five thousand dollars.
Ten thousand dollars .
Total.
1896. Twenty dollars
,
Fiftydollars
One hundred dollars . .
Five hundred dollars .
One thousand dollars .
Five thousand dollars .
Ten thousand dollars .
Total.
1897.
Twenty dollars
Fifty dollars
One hundred dollars.

9 0 3 - -13
FI 1


Issued during year.

Redeemed
Total issued. during year.

Outstanding.

$2,880,000
2,200,000
2,000,000
2,000,000
4,000,000
11,350,000
24,620,000

$23,920,000
20,000,000
42,234,300
58,844,000
171,881,000
641,890,000
495,070,000

49,050,000

1,363,839,300

45,656.573

1,196,296.321

157,542,979

28,160,000
21,000,000
44,634,300
61,044,000
175,181,000
648,570,000
538,770,000

1,971,700
1,587,360
1,698,500
2,170,000
6,314,000
14,380,000
41,480,000

13,938,226
12,544,145
31,819,500
49,672.500
164.133,500
521,870,000
480,920.000

14,221.774
8.455.856
12.814.800
11.371,600
21,047,500
26,700,000
57,850,000

68,601,560 1,264,897,871

152,461,429

4,240,000
1,000,000
2,400,000
2,200,000
3,300,000
6,680,000
43,700, 000
63,520,000
160, 000
400,000
400,000
1,000,000
7,000,000
18,725,000
42,840, 000

1,417,359,300

$1,905, 628
1,600,145
1,533,800
1,734,000
2.152.000
13.960.000
22.680,000

Total
redeemed.

$11,966,526 $11,953,474
10, 956,795
9,043,205
30,121,000 12,113,300
47,502,500 11,341,500
148,819,600 23,061,500
507,490,000 34,400,000
439,440,000 55,630,000

28,320,000
21,400,000
45,034,300
62,044,000
182,181,000
567,295,000
681,610,000

2,260,800
1,748,900
2,379,800
2,512,000
7,871,000
14,616,000
35,000,000

70,525,000

1,487,884,300

66,387,500

20,000
50,000
4,660,000
8,340,000

28,320,000
21,400,000
46,054,300
62,094,000
182,181,000
571,955,000
589,950,000

2,843,340
1,982,600
3,456,300
4,027,500
7,893,000
17,600,000
39,120,000

19,042,366
16,275,645
37,655,600
66,212,000
169,897,500
553,985,000
555,040,000

9,277,634
6,124,355
7,398,700
6,882,000
12,283,500
17,970,000
34,910,000

13,070,000

1,500,954,300

76,822,740

1,408,108, 111

92,846,189

28,320,000
21,400,000
45,054,300
62,094,000
182,181,000
572,056,000
589,960,000

1,813,040
1,006,350
1,726,400
1,335,600
3,422,000
6,885,000
11,370,000

20,865,406
17,281,995
39,382,000
57,547,500
173,319,500
.559,870,000
566,410,000

7,464, 594
4,118,005
5,672,300
4,646,500
8,861,500
12,185,000
23,540,000

1,501,054,300

26,558,290

1,434,666,401

66,387,899

50,000
60,000

28,320,000
21,400,000
45,074,300
62,094,000
182,181,000
572,105,000
590,000,000

1,265,640
460,600
688.200
302.600
981.000
4,810,000
9,530,000

22.121.046
17.742,595
40.070.200
57.850,000
174,300.500
564.680,000
575,940.000

6.198,954
3,657,405
5,004,100
4.244,000
7,880,500
7,425,000
14,060,000

120,000

1,501,174,300

18,037,940

1,452,704,341

48,469,959

16,000
4,840,000

28,320,000
21,400,000
45,074,300
62,094,000
182,181,000
572.120.000
694,840,000

893.220
559. 650
790.400
446.500
1,487.000
1,420,000
4,910,000

23,014,266
18,302,245
40,860,600
68,296,500
175,787,500
566,100,000
580,850,000

4,865,000

1,606.029,300

10,606,770

1,463,211,111

42,818,189

28,330,000
21,400,000
45,074,300

385,120
289,200
396,700

23,399,386
18,691,445
41,257,300

4,930,614
2,808,555
3,817,000

100,000
100,000

20,000

16,199,026
14,293,045
34,199,300
52,184,500
162,004,500
536,485,000
515,920,000

12,120,974
7,106,955
10,835,000
9,859,500
20,176,500
30,810,000
65,690,000

1,331,285,371 156,698,929

5,305, 734
3,097,765
4,213,700
3,797,500
6,393,500
6,020,000
13, 990,000

194

REPORT

ON T H E

FINANCES.

N o . 3 2 . — G O L D CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED, AND
,
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R PROM 1890- -Continued.
Issued during year.

Denomination.
1897.
Five h u n d r e d dollars
One thousand dollars
Five t h o u s a n d dollars
Ten thousand dollars

. Total
redeemed.

Outstanding.

$293,000
702,000
460,000
1,520.000

$58,589,500
176,489,500
566,560,000
582,370,000

$3,504,600
5,691,500
5,560,000
12.470,000

1,506,039,300

4,046,020

1,467,257,131

38,782.169

28,330.000
21,400,000
45,074,300
62,094,000
182,181,000
572,120,000
594,840,000

255,920
162,200
184.400
103.500
161.000
355.000
150,000

23,655,306
18,743,645
41,441,700
58,693,000
176,650,500
566,915,000
582,520,000

4,674,694
2.656.355
3,632,600
3,401.000
5.530.500
5.205.000
12,320,000

1, 506,039,300

1,362,020

1,468,619,151

37,420,149

28,330,000
21,400,000
45,074,300
62,094,000
182,181,000
572,120,000
594.840,000

183,730
118,000
149.100
116.500
160.000
435.000
1.960.000

23,839,036
18,861,645
41,590,800
58,809,500
176,810,500
567,310,000
584,520,000

4,490,964
2.538.355
3,483 500
3,284, 500
5.370 500
4,810,000
10,320 000

.1,506,039,300

3,122,330

1,471,741,481

34,297,819

53,590,000
19,100,000
19,160,000
7,750,000
27,700,000
23,915,000
66,110,000

81,920,000
40,500,000
64.234.300
69.844.000
209.881.000
696,035,000
660,950,000

2,584.640
1,248,800
1,488,200
1,109,000
1.630,000
3,266.000
12,500,000

26,423,676
20,110,445
43,079,000
59,918,500
178,440,500
670,575,000
597,020,000

56,496,324
20,389,555
21,155,300
9,925,500
31.440.500
25,460,000
63,930,000

217,325,000

1.723.364,300

23.825.640

1,495,-567,121

227.797,179

36,960,000
2,900,000
6,400,000
2,100,000
3,900,000
6,000,000
57.310,000

118,880,000
43,400,000
70,634,300
71,944.000
213.781.000
601,035,000
718,260,000

9.064.140
2,712,250
2,992,100
1,524,000
1,907,000
1,720,000
33,490,000

35,487,816
22,822,695
46,071,100
61,442,500
180,347,500
572,295,000
630,510,000

83,392,184
20.577,305
24,563,200
10,501.500
33,433 500
28,740,000
87,750,000

114,570,000"

1,837,934,300

53,409,490

1,548,976,611

288,957,689

47,840,000
8,800,000
12,400,000
4,300,000
11,800,000
2,000,000
42,740,000

166,720,000
52,200.000
83,034,300
76,244,000
225,581,000
603,035,000
761,000,000

15,704,800
4,127,900
4,992,900
2,057,000
3,093,000
740,000
41,540,000

51,192,616
26,950,595
51,064,000
63,499,500
183,440,500
573,035,000
672,050,000

115,527,384
26,249,405
31,970 300
12 744 500
42,140,500
30,000,000
88,950 000

129,880,000

1,967.814.300

72,255,600

1,621,232,211

346,582,089

69,520,000
14,200,000
19,200,000
3,500,000
11,300,000
50,710,000

236.240,000
66,400,000
102,234,300
79,744,000
236.881,000
603,035,000
811.710,000

28,375,620
6,393,400
7,705,200
3,149,000
6,044,000
1,575,000
52,660,000

79, 568,236
33,343, 995
58,769,200
66,648,500
189,484,500
574,610,000
. 724,710,000

156,671,764
33,056,005
43,465,100
13,095,500
47,396,500
28,425,000
87,000,000

168,430,000

2,136,244,300

105,902.220

1,727,134,431

409,109,869

$62,094,000
182,181,000
572,120.000
594.840.000

Total

$10,000

1898.
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One t h o u s a n d dollars
Five t h o u s a n d dollars
T e n thousand dollars
- Total
1899.
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five t h o u s a n d dollars
Ten thousand dollars
Total
1900.
Twenty dollars
Fiftv dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five t h o u s a n d dollars
Ten t h o u s a n d dollars

Redeemed
T o t a l issued. d u r i n g y e a r .

.

Total.
1901.
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars .
Five thousand dollars
Ten thousand dollars .
Total
1902.
T w e n t y dollars
Fifty d o l l a r s .
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five thousand dollars
T e n thousand dollars
Total
1903.
Twenty dollars
Fifty d o l l a r s
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total




. .

.

TEEASUEEE.
No.

195

3 3 . — S I L V E R CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED,
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1890.

AND

Issued dur- Total issued.
Redeemed
ing year.
during year.

Denomination.
1890.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fiftydollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Total..
1891.
One dollar
Two dollars . .
Five dollars
Ten dollars
T w e n t y dollars ..
Fiftydollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Total
1892.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fiftydollars
One h u n d r e d dollars
Five h u n d r e d dollars
One t h o u s a n d dollars
Total
1893.
One dollar
Two dollars
FiA'-e d o l l a r s
Ten dollars
T w e n t y dollars
Fiftydollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Total . .
1894.
One dollar
Two dollars
Five dollars . . . ;
Ten dollars
T w e n t y dollars
Fifty dollars .
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Total
1895.
One dollar
Two dollars
Five dollars.
Ten dollars
Twenty d o l l a r s . . .
Fiftydollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Total
1896.
One dollar.
Two dollars
Five dollars
Ten dollars
Twenty dollars.
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Total

: . . $14,700,000
9,280,000
28,100,000
39,000, 000
800,000
2,600,000

$51,800,000
34,480,000
119,100,000
188,274,000
83,746,000
12,850,000
16,740,000
13,650,000
23,490,000

94.480.000

544,130,000

9, 320. 000
4.544,000
29,540,000
18.880.000
10,320.000
3,400,000
3,000,000
2,700.000
3,200,000

61,120,000
39,024,000
148,640,000
207,154,000
94,066,000
16,250,000
19,740,000
16,350,000
26,690,000

84,904,000
12.872,000
7,424,000
23,660, 000
25,160,000
23, 040, 000
6,900,000
10,700,000

$11,473,489.70
6,959.904.80
11.552.583.50
14,965.607.00
8,828,760.00
1,003,950.00
636,700.00
93,000.00
56,000. 00
55,569,995.00

Total
redeemed.

Outstanding.

$20; 665,517. 90
11,922,239.60
16,972,843.50
76,802,984.00
57,465,144.00
9,595,140.00
12,450.880.00
13,396,500.00
23,319,000.00
242,590.249.00

$31,134,482.10
22,557,760.40
102,127,156.50
111,471,016.00
26,280,856.00
3,254,860.00
4,289,120.00
253,500.00
171.000.00
301,539 751 00

629,034,000

11,389,274.00
7,868,255.00
21,597.432.00
19,766,486.00
8,199,620.00
792,100.00
886,400.00
497.000.00
733.000.00
71.728.566.00

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' 110,684,531.00
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. 00 314,715,185. 00

73,992,000
46,448,000
172,300,000
232,314,000
117,106,000
23,150,000
30,440,000
16,350,000
26,790,000
738,890,000

14.625,433.00
9,527,668.00
31,298,010.00
25,153,780.00
7,378,440.00
1,046,950.00
1,306,100.00
1.275,500.00
1.345.000.00
92,956.881.00

46,680,224.90
29,318,162.60
69,868,285.50
121,723,249.00
73,043, 204.00
11,434,190.00
14,642,380.00
15,169,000.00
25,397,000.00
407,275, 696.00

27,311,775.10
17,129,837.40
102,431,714.50
110,590,751.00
44,062,796.00
11,715,810.00
15,797,620.00
1,181,000.00
1,393,000.00
331, 614,304.00

10,696,000
7,696,000
27,000,000
27,280,000
22,800,000
5,700,000
8, 600.000
..
100,000
100,000
109,972,000

84, 688,000
54,144,000
199, 300,000
259,594,000
139.906.000
28.850,000
39,040,000
16,450,000
26,890,000

61,833,166.90
38,121,300.60
105,298,195.50
152,380,259.00
83,582,804.00
14,658,990.00
20,276,780.00
15,691,000.00
26,062,000.00

848,862,000

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
110,628,800.00

517,904,496.00

22,854,833.10
16,022,699 40
94,001,804.50
107,213,741.00
56,323,196.00
14,191,010.00
18,763,220.00
759,000.00
828,000.00
330,957 ,-604.00

12,828.000
8,040,000
32,540,000
34,760,000
28,960,000
2,620,000
10,570.000

97,516,000
62,184,000
231,840,000
294,354,000
168,866,000
31,470,000
49,610,000
16,450,000
26,890,000
979,180,000

13,401, 604.00
8,696,326.00
38,889, 920.00
37,362,030.00
16,433, 620.00
3,654,500.00
5,107,000.00
276,000.00
306,000.00
124,127,000.00

75,234,770.90
46,817,626.60
144,188,115.50
189,742,289.00
100,016,424.00
18,313,490.00
25,383,780.00
15,967,000.00
• 26,368,000.00
642,031,496.00

22,281,229.10
15,366,373.40
87,651,884. 50
104,611,711.00
68,849,676.00
13,156,510. 00
24,226,220.00
483,000.00
522,000.00
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
16,450,000
26,890,000

115,170,000 1,094,350,000

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
123,424,000.00

89,130,293.90
55,820,948.60
180,257,290.50
223.970, 399.00
120.861,144.00
21,887,740.00
30,895,680.00
16,107,000.00
26,525.000.00
765.455.496.00

27,241,706.10
16,667,051.40
88,262,709.50
98,343, 601. 00
67,204,856.00
10,902,260. 00
19,564,320.00
343,000.00
365,000.00
328,894,504. 00

135,620,000
81,368.000
314.400.000
367,634,000
206,706,000
38,350,000
60.940,000
$16,450,000
26,890,000
$154,008,000 1,248,358,000

17,049,336.00 '
9,758,844.00
40,167,740.00
37,715,320.00
23,505,360.00
4,347, 600.00
7,514,300.00
$102,500.00
122,000.00
140,283, 000.00

106.179.629.90
65.579.792. 60
220,425,030.50
261.685,719.00
144,366,504.00
26,235,340.00
38,409,980.00
$16,209,500.00
26,647,000.00

29,440,370.10
15,788,207.40
93,974, 969. 50
105,948,281.00
• 62,359,496.00
12.114,660.00
22,530,020.00
$240,500.00
243,000.00
342,619,504.00

..

100,000
109,856,000

130.318.000
18.856.000
10.304.000
36,680,000
27.960.000
19.200.000
1,320,000
850.000

19,248,000
8,880,000
45,880,000
45,320,000
18,640,000
5,560,000
10,480,000




905,738,496.00

196
No.

REPORT ON T H E F I N A N C E S .

3 3 . — S I L V E R CKRTIPICATES OF EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R FROM 1890—Continued.
Denomination.

1897.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty d o l l a r s . . :
Fifty dollars
One hundred dollars . .
Five hundred dollars..
One thousand dollars .
Total.
1898.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars . .
Five hundred dollars..
One thousand dollars..
Total -•
1899.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars . .
Five hundred dollars..
One thousand dollars .
Total
1900.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars .
Five hundred dollars.
One thousand dollars.
Total
-1901.
OnedoUar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars...
Five hundred dollars..
One thousand dollars .
Total
1902.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars;
. Fifty dollars...'
One hundred dollars . .
Five hundred dollars..
One thousand dollars .
Total
1903.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars.
Five hundred dollars.
One thousand dollars.
Total
,
for FRASER

Digitized


Issued during year. Total issued.

Redeemed
during year.

Total
redeemed.

Outstanding.

125.991,795.90
157,056,000
19,812,166.00
31,064.204.10
76,661,325.60 18,122,674.40
93,784.000 10,081.533.00
264,283,765.50 101,736,234.50
366,020.000
43.858.735.00
300,981,474.00 113,292,526.00
414.270,000 39,295,755.00
166,397,990.00 67,228i 010.00
232,626, 000 21,031.486.00
30,536,015.00
45,560,000
4.300.676.00
15,013,985.00
45,480,630.00 28,659, 370.00
74,140,000
7,070,650.00
16,272,500.00
16. 450.000
63,000.00
177, 500.00
26,705,000.00
26,890,000
58.000.00
185: 000.00
178.432.000 1.426,790,000 145,572,000.00 1,051,310.496.00 375,479,504.00
21,436.000
12,416,000
51,620,000
46,640,000
25,920,000
7,200,000
13,200.000

177.036,000
19,980,000
105,104.000
11,320,000
48.760.000 414,780.000
48,280,000 462,554,000
32,080,000 264,706,000
57,350,000
11,800,000
75,140.000
1,000,000
16.650.000
100,000
27.190,000
300.000
173,620.000 1,600,410,000
31,408,000
16,712,000
40,500,000
37,640,000
19,600,000
6,500,000

151,360,000 1,751,770,000

20.142.265.00
10.666,860.00
41,118,885.00
35,999,060.00
18,166,180.00
3,969,750.00
20,163,500.00
101, 500.00
216, 000.00

146,134,060.90 30.901,939.10
' " '^"",185.60 18,775,814.40
^
.660.50 109,377, 349.60
305,402.6
,534.00 125j 573,
336.980,e
466.00
,170.00
183,563,:
81.142. 830.00
.765.00
34,505,'
22.844,235.00
,130.00
65,644,1
9,495,870.00
,000.00
16,374.f
176, 000.00
,000.00
26,921, (
269, 000.00
150,643,000.00 1,201,853,496.00 398,556,504.00
21,568, 208.00
167,702,268.90
11,495, 395.00
97,823,680.60
42,982. 197.00
348,384,847.50
37,100,595.00
374,081, 129.00
20,049. 880.00
203,613,060.00
6.378,126.00
40,883,890.00
4,080,100.00
69,724, 230.00
62, 600.00
16,436, 500.00
114, 000.00
27,035,000.00
143,831,000.00 1,346,684,496.00
194,589, 961.90
111, 066!316.60
389,415; 027.50
410,856; 649.00
224,593, 850.00
51,858; 415.00
77.808; 780.00
16.537; 000.00
31.146; 000.00

52.222, 038.10
30,838, 683.40
114,004,-972.50
133,057,351.00
64,912, 150.00
15,791. 585.00
3,731,220.00
113, 000.00
1,344, 000.00

162.186.604.00 1,507.871.000.00

416.015.000.00

232,744, 219.90
38,154, 258.00
130,868 468.60
19,803 152.00
441,131; 107.50
51,716,080.00
454,992; 169.00
44,135, 510.00
243,681, 350.00
19,087 500.00
58,831, 615.00
6,973; 200.00
78,722, 080.00
913; 300.00
16,567, 000.00
30, 000.00
32,186, 000.00
1,040, 000.00
181,853,000.00 1,689,724,000.00

59,355, 780.10
36,499,531.40
175,708,892.50
105,601,841.00
45,824, 650.00
. 8,818,385.00
2,817,920.00
83, 000.00
304, 000.00
435,014,000.00

351,776.000
198,440,000
768,640,000
563,554,000
289,606,000
67,650,000
81,640,000
16,660,000
32,490,000
235,508.000 2.360,246.000

51,337,586.00
284,081,805.90
158,562, 722.60
27,694,254.00
625,011, 787.50
83.880,680.00
492,369,889.00
37.377.730.00
12,722.300.00
256,403, 650.00
2,793.650.00
61,625,265.00
697.300.00
79,319, 380.00
13,500.00
16,580, 500.00
32,294. 000.00
108,000.00
216.525,000.00 1,906.249,000.00

67,694,194.10
39.877.277.40
233.628,212.50
71,184, 111.00
33,102, 350.00
6,024,735.00
2.220,620.00
69, 500. 00'
196,000.00

75.612.000
38.016.000
157.420,000
1,960.000

64.006, Oil.00
348.087,816.90
79,300,183.10
191,865, 811. 60 44,590, 188.40
33.303, 089.00
652,034, 932.50 264,025,067.50
127.023, 145.00
518,561, 219.00
26.191. 330.00
46,952,781.00
265,958,850.00
9,555, 200.00
23,547,150.00
625.00
63,348,890.00
1.723,
4,301,110.00
79.746, 980.00
427, 600.00
1,793,020.00
16.592, 500.00
12, 000.00
57, 500.00
32,351, 000.00
139, 000.00
• 57,000.00
262,299,000.00 2,168,548,000.00 464,706,000.00

246,812,000
38,368,000
141,904,000
21,088,000
503,420,000
48,140,000
643,914,000
43,720,000
289,506,000
5.200,000
67,650,000
3,800,000
81,540,000
6,400,000
16,650,000
100,000
32,490,000
5,300,000
172,116,000 1.923.886.000
46.288.000
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

200,852,000 2,124,738,000
59,676,000
"31,072,000
141,800,000
2,960,000

427.388,000
236.456.000
916.060.000
565.614,000
289,606,000
67,650,000
81,540,000
16,650,000
32,490,000
273,008,000 2,633,254,000

26,'887,693.00
13,241,736.00
41,030, 180.00
36,775, 520.00
20,980,800.00
10,974, 526.00
8,084, 550.00
100, 500.00
4,111,000.00

40,741, 731.10
22,992',419.40
106,895,152.50
126,112,871.00
80,692, 950.00
22,966, 110.00
5,415, 770.00
113, 500.00
155, 000.00
406,085,504.00

453,997.000.00.

197

TEEASUEEE.
No.

34.—CURRENCY CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF E A C H FISCAL Y E A R FROM 1890.
Issued dur- Total issued. Redeemed
ing year.
during year.

1898.
Five thousand dollars
Ten thousand dollars
Total
1899.
Five thousand dollars
Ten thousand dollars .
Total

.

.

:

1900.
Five thousand dollars
Ten thousand dollars
Total
1901.
FiA'-e thousand dollars
Ten thousand dollars
Total
1902.
Five thousand dollars
Ten thousand dollars
Total

102,435,000
910,100,000

10, 000
64,150,000

102,146,000
879,970,000

290,000
30,130,000

64,160,000

982,116.000

30,420,000

50,000
60,600,000

102,195,000
940,570,000

245,000
12,160,000

60,650,000 1,042,765,000

12,405.000

40,000
30,920,000

102,235,000
971,490,000

395,000
59,640,000

30,960,000 1,073,725,000

60,035,000

102,650,000
20,000
67,560,000 1,098,690,000

120,000
102,355,000
71,700,000 1,043,190,000

295,000
55,500,000

71,820,000 1,145,545,000

55,795,000

1,935,000 104,290,000
94,460,000 1,137,650,000

200,000
32,010.000

' 96,395,000 1,241,940,000

32,210,000

390,000 104,680,000
75,580,000 1,213,230,000

1,200,000
61,140,000

75,970,000 1,317,910,000

62,340,000

400,000 106,080,000
88,490,000 1,301,720,000

855,000
25,750,000

88.890.000 1,406,800,000

26,605,000

105,935,000
30.800,000 1,358,270,000

Total

23.780,000

53.155.000 1,433,405,000

1897.
Five thousand dollars
Ten thousand dollars .

917,955,000

55,000 105,935,000
53.100.000 1,327,470,000

Total

28.050.000

106,100,000 1,380,250,000

1896.
Five thousand dollars
Ten thousand dollars

941.735,000

1,390,000 105,880,000
104,710,000 1,274,370,000

Total

300,000
23,480.000

72.810.000 1,274,150,000

.;..

102,136,000
815,820,000

1,840,000 104,490,000
70,970.000 1,169, 660,000

1895.
Five thousand dollars
Ten thousand dollars

150,000
27,900.000

.67,580,000 1,201,340,000

Total

102,435.000 .
839.300.000

78,590,000 1,133,760,000

1894.
Five thousand dollars
Ten thousand dollars

12,390,000

102,630,000
190,000
78,400,000 1,031.130,000

Total

889,905,000

42,635,000 1,055.170.000

1893.
Five thousand dollars
Ten thousand dollars

28.285,000

5,000
42,630,000

Total

902,295,000

70,800,000 1,012,535,000

1892.
Five thousand dollars
Ten thousand dollars

$460,000
11,940,000

70,800,000

Total

$101,985,000
787,920,000

39,440,000

1891.
Five thousand dollars
Ten thousand dollars

$96,000
28.190.000

39,440,000

Total

$102,435,000
799.860.000

23,480,000

1890.
Five thou.sand dollars
Ten thousand dollars

Total
redeemed.

$23,480,000

Denomination.

450,000 105.530.000
35,600,000 1.337.320.000

405,000
20,950,000

30,800,000 1,464,205,000

36,050,000 1,442,850,000

21,355,000

105,935,000
9,420,000 1,367,690,000

370,000 105, 900,000
26,700,000 1,364,020,000

35,000
. 3,670,000

9,420,000 1,473,625,000

27,070,000 1.469,920,000

3,705,000

105,935,000
1,367,690.000

36,000
105,935,000
3,670,000 1.367,690,000

1.473.625,000

3,705,000 1,473,625,000

105,935,000
1,367.690,000

105,935,000
1,367,690.000

1.473,625.000

1.473.625,000

102,440,000
952,730,000

Outstanding.

KoTE.—The act authorizing the issue of currency certificates was repealed March 14, 1900. The
whole amount issued has been redeemed, and the account is closed.




198

REPORT ON T H E F I N A N C E S .

N o . 3 5 . — A M O U N T OF UNITED STATES NOTES, TREASURY NOTES, AND GOLD, SILVER, AND CURRENCY CERTIFICATES OP EACH DENOMINATION ISSUED, REDEEMED,
AND OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R PROM 1890.

Denomination.

I s s u e d d u r - T o t a l issued. R e d e e m e d
during year.
ing year.

Total
redeemed.

Outstanding.

1890.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty d o l l a r s
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

$14.916.000 $236,704,160 $12,111, 664.40 $201,277,324.70
190,756,408.80
7,654,319.60
216,187,048
9,496,000
354,524,219.50
514,381,760 32,177,160.00
48.120.000
374,203,424.00
576,085,240 30,859,060.00
58,720,000
322,547,720.00
472,268,400 24,021,284.00
34,240,000
122,504,735.00
156,265,200
7,184,110.00
4,800,000
160,151,530.00
209,078,300
7,854,970.00
8,000,000
235,246,500.00
258,170,000
6,398,000.00
3,400,000
455,228,500.00
194,999,000 14,357.000.00
4,000,000
629,450,000.00
664,325,000 14,055,000.00
11,350,000
48.100,000 1,334,930,000 50,870,000.00 1,267,350,000.00

$34,426.835.30
25,430,639.20
159,857.540.50
201,881,816.00
149.720.680.00
33.760.465.00
48,926,770.00
22,923,500.00
39,770,600.00
34,875,000.00
67,580,000.00

Total
U n k n o w n destroyed

245.142.000 5,132,394,108 207.542.568.00 4,313,240,362.00
1,000,000.00

819,153,746.00
1,000,000.00

245.142.000 5,132,394,108 207.542,568.00 4,314,240,362.00

818,153,746.00

213,184,718.70
11,907,394.00
199,072,568.80
8,316.160.00
392,948,861.50
38.424.642.00
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
466.138,600.00
14,540,000.00
643,990,000.00
69,380,000.00 1,336,730,000.00

35,971,858. 30
25,690,479.20
177,692,898.50
219,217,616.00
164,758,060.00
33,162,165.00
54,651,470.00
23,206,000.00
46,160,500.00
27,015,000.00
81,340,000.00

310,608.417 5,442,902,525 240,796,116.00 4,654,036,478.00
1,000,000.00

888,866,047.00
1,000,000.00

310.508.417 5,442,902,525 240,796,116.00 4,565,036,478.00

887,866,047.00

229,849,195.70
16,664,477.00
210,427,722.80
11,355;154. 00
441,1.29,241.50
48,180,380.00
457,850,154.00
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 1,435,880,000.00

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 5,820,477,949 298,416,151.00 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

249, 609,117. 70
19,759,922.00
224,192,250.80
13,764,528.00
502,001,631. 50
60,872,390.00
618,489,254.00
60,639,100.00
422,932,200.00
43,829,300.00
145,316,835.00
9,944,550.00
197,719,830.00
19,742,200.00
254,033,500.00
7,003,500.00
507,369,500.00
28,162,000.00
676.165,000.00
17,550,000.00
99,720,000.00 1,535,600,000.00

39,549,989.30
31,234,797.20
193,140,128.50
242,236,986.00
187,416,200.00
34,548,365.00
57,248,470.00
22,886,500.00
57,'"509,600.00
18.230.000.00
47.080,000.00

344,031,106 6,164,509,055 380,977,490.00 5,233.429,119.00
1,000,000.00

931.079.936.00
1,000.000.00

344,031,106 6,164,509,055 380,977,490.00 5,234,429,119.00

930,079,936.00

Net
1891.
One dollar
.
. . . .
Two dollars
Five dollars
T e n dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
,
Five t h o u s a n d dollars
Ten thousand dollars......
Total
U n k n o w n destroyed
Net...-.

249,156,577
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

1892.
267,485,001
One dollar
18,328,424
239,315,048
14,562,000
Tvvo d o l l a r s
628,401,760
57,760,000
Five dollars
691,765,240
59,800,000
Ten dollars
559,468,400
44,080,000
T w e n t y dollars
171,065,200
9,000,000
Fifty d o l l a r s
240,748,300
17,270,000
One h u n d r e d dollars
270,590,000
6,520,000
Five h u n d r e d dollars
530,199,000
17,900,000
One thousand dollars
689,730,000
18,725,000
Five t h o u s a n d dollars
T e n t h o u s a n d d o l l a r s . , , . . . 113,640,000 1,531,710,000
Total
Unknowm, destroyed
Net

•
1893,

One dollar
Two dollars ..
Five dollars
Ten dollars
T w e n t y dollars
Fifty d o l l a r s . .
One h u n d r e d dollars
Five h u n d r e d dollars
One t h o u s a n d dollars
Pive t h o u s a n d dollars
Ten t h o u s a n d dollars
Total.:
Unknown, destroyed.
Net

289,159,107
21,674,106
255,427,048
16,112,000
695,141,760
66,740,000
760,725,240
68,960,000
610,348,400
50,880,000
179,865,200
8,800,000
254,968,300
14,220,000
276,920,000
6,330,000
564,879,000
34,680,000
694,395,000
4,665,000
50,970,000 1,582,680,000

1894.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fiftydollars
One h u n
FRASERd r e d d o l l a r s

Digitized for


19,913,190
12,496,000
52,880,000
61,160,000
52,080,000
5,460,000
20,160,000

309,-072,297
267,923,048
748,021,760
821,885,240.
662.428,400
185,325,200
275,128,300

21,300,049.00
15,547,696.00
71,764,275.00
73,449,100.00
47,945,620.00
7,551,550.00
11,892,000.00

270,909,166.70
239,739,946.80
573,765,906.50
591,938,354.00
470.877,820.00
152.868,385.00
209,611,830.00

38.163.130.30
28,183,101.20
174,256,853.50
229,946,886.00
191,550 580 00
32.456.815.00
65,516,470.00

199

TREASURER.
-AMOUNT
No. 35.-

OF UNITED STATES NOTES, TREASURY NOTES, AND GOLD, SILVER,
AND CURRENCY CERTIFICATES, ETC.—Continued.
Issued dur- Total issued. Redeemed
ing year.
during year.

Denomination.

Total
redeemed.

Outstanding.

1894.
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

$276,920,000
$48,920,000
613,799,000
290.000 694,685,000
78,400,000 1,661,080,000

$5.818,000.00 $259,851,500.00
15,519.000.00
522.888.500.00
5,925,000.00 682,090,000.00
42,290,000.00 1,577,890,000.00

$17,068,500.00
90,910,500.00
12.595.000.00
. 83,190,000.00

Total
Unknown, destroyed

351,759,190 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

351,759,190 6,516,268,245 319.002.290.00 5,553,431,409.00

962,836.836.00

Net
1895.

One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars..:
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

25,872,983
15,248,000
74,920,000
65,440,000
35,840,000
2,855,000
3,110,000

334,946,280
283.171.048
822.941,760
877.326.240
698.268,400
188,180,200
278,238,300
276,920,000
20,840,666 634,639,000
694,756,000
70,000
67,610,000 1,728,690,000

1896.

926,928,879.00
1,000.000.00

301,805,983 6,818,074,228 338,713,940.00 5,892.145,349.00

Net

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
69,570,000.00

301,805,983 6,818,074,228 338,713.940.00 5,891,145,349.00
1,000,000.00

Total
Unknown, destroyed

22,558,462.00
293.467.623. 70
255.212.069.80
15,472,123.00
639,936,121.50
66,170,215.00
658,352,144.00
66,413,790.00
519,185,120.00
48,307,300.00
160,427,035.00
7,658,650.00
222,163,230.00
12,651,400.00
3,204,000.00 263,055,600.00
533,206,500.00
10,318,000.00
687,020,000.00
4,930,000.00
81,230,000.00 1,659,120,000.00

925.928.879.00

One dollar.
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
Onehundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

27,434,880
16,536,000
83,140,000
80,280,000
26,720,000
9;360,000
18,480,000

318,196,293.70
24,728,665.00
270,794,719.80
15,582,650.00
711,579,706.50
71,643.585.00
68,865; 490.00 727,217,634.00
565,787,700.00
46,602,580.00
168,571,535.00
8,144,500.00
238,740,030.00
16,576,800.00
266,167,000.00
14,750,500.00
8,053,000.00 552,898,500.00
690,375,000.00
3,355,000.00
99,370,000.00 1,758,490,000.00

44,183,866.30
28,912,328.20
194,502,053.50
230,387,606.00
159,200,700.00
.28,968,665.00
57,978,270.00
10,753,000 00
87,880,500.00
6,235,000.00
46,010,000.00

Total.. .
Unknown, destroyed

346,755,880 7,163,830,108 377,672,770.00 6,268,818,119.00
1,000,000.00

895,Oil, 989.00
1,000,000.00

345,756,880 7,163,830,108 377,672,770.00 6,269,818,119.00

894,Oil, 989.00

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
1,855,000 696,610,000
75,810,000 1,804,500,000

Net
1897.

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

391,660,160
29,280,000
317,076,048
17,368,000
979,521,760
73,440,000
64,680,000 1,022,285,240
760,198,400
36,210,000
208,340,200
10,800,000
312.168, 300
15,450,000
288,020,000
11,100,000
652,199,000
11,420,000
1,390,000 698,000,000
104,710,000 1,909,210,000

345,737,267.70
27.540.974.00
287,173,045.80
16.378.326.00
72,555,727.00 • 784,135,433.50
794,611,353.00
67,393,719.00
605,458,824.00
39,671,124.00
175,292,985.00
6,721,450.00
251,894,730.00
13,154,700.00
268,235,000.00
2,068,000.00
560,174,500.00
7.276.000.00
691,225,000.00
850,000.00
77,100,000.00 1,836,590,000.00

45, 922,892.30
29,902.002.20
195.386.326.50
227.673.887.00
154.739,676.00
33,047,215.00
60,273,570. 00
19,785,000.00
92,024,500.00
6,775,000.00
73,620,000.00

Total. .
Unknown, destroyed

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 6,600,528,139.00

938,149,969.00

374,304,937.70
31,936,000 423,596,160 28,567,670.00
303,840,275.80
18,448,000
335,523,048 16,667,230.00
75,700,000 1,055,221,760 66,833,835. 00 850,969,268.50
853,013,153.00
66,560,000 1,088,845,240 '58,401,800.00
637,863,334.00
41,440,000
801,638,400 32,404,510.00
13,100,000
5,563,375.00 180,856, 360.00
221,440,200
275,864,830.00
4,260,000
316,418,300 23,970,100.00
1,646,500.00 269,881,500.'00
800,000
288,820,000
575,081,500.00
5,288,000 657.487.000 14,907,000.00
691,980,000.00
755,000.00
55,000
698,055,000
53,100,000 1,962,310,000 88,640,000.00 1,924,230,000.00

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

310,677,000 7,849,355,108 338,357,020.00 6,937,885,159. 00
1.000,000.00

911,469,949.00
1,000,000.00

310,677,000 7,849,355,108 338,357,020.00 6,938,885,159.00

910,469,949.00

Net
1898.
One dollar..
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars. ..
One hundred dollars
Five hundred dollars
Onethousand dollars
Five thousand dollars
^Ten thousand dollars
Total
Unknown, destroyed
Net

...

•




200

REPORT ON T H E F I N A N C E S .

No. 35.

-AMOUNT OF. UNITED STATES NOTES, TREASURY NOTES, AND GOLD, SILVER,

AND CURRENCY CERTIFICATES, ETC.—Continued.
I s s u e d d u r - T o t a l issued. R e d e e m e d
d u r i n g year.
ing year.

Denomination.
. 1899.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total
Unknown, destroyed

$37,868,000 $461,464,160 $31,644,636.00 $405,949,573.70
321,944,902.80
356,891,048 18,104,627.00
20,368,000
923,564,815.50
81,700,000 1,136,921,760 72,595,547.00
916,338,308.00
72,720.000 1,161,565,240 62,326,155.00
673,178,174.00
44,880,000
846,518,400 35,314,840.00
9,328,925.00
190,185,285.00
8,000,000
229,440,200
8,868,100.00
284,732,930.00
319,218,300
2,800.000
5,344,500.00
275,226,000.00
290,920,000
2,100,000
602,918,500.00
657,527,000 27,837,000.00
40,000
846,000.00
692,825,000.00
698,055,000
30.800,000 1,993,110,000 37,600,000.00 1,961,830,000.00
301,276,000 8,150,631,108 309,808,330.00 7,247,693,489.00
1,000,000.00
301,276,000 8,150,631,108 309,808,330.00 7,248,693,489.00

Net

1900.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total
Unknown, destroyed

$55,614,586.30
33, 946.145.20
213.356,944.50
246,226.932.00
173,340,226.00
39,254,915.00
34,485,370.00
15,694,000.00
54,608,500.00
5,230.000.00
. 31,280,000.00
902,937, 619.00
1,000,000.00
901,937,619.00

499,880,160 34,118,332.00
440,067,905.70
59,812,254.30
378,475,048 18,821,002.00
340,765,904.80
37,709,143.20
1,216,981,760 75,202,510.00
998,767,325.50
218,214,434.60
1,240,525,240 64,953,680.00
980,291,988.00
260,233,252.00
919,648,400 40,407,750.00
713,585,924.00
205,962,476.00
254,340,200 14,290,300.00
204,475,585.00
49,864,615.00
348,978,300 15,043, 600.00
299,776,530.00
49,201,770.00
3,170,250.00
299,270,000
278,396,250.00
20,873,750.00
697,567,000 18,415,000.00
621,333,500.00
76,233,600.00
3,635,000.00
721,970,000
696,460,000.00
25,610,000.00
2,068,640,000 39,200,000.00 2,001,030,000.00
67,610,000.00
8,646,176,108 327,257,424.00 7,574,960,913.00 1,071,225,195.00
1,000,000.00
1,000,000.00
495.545.000 8,646,176,108 327,257,424.00 7,575,950,913.00 1,070,225,195.00

.

1902.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars..
Fifty d o l l a r s
One h u n d r e d dollars
F i v e h u n d r e d dollars
One thousand dollars
Five t h o u s a n d dollars
Ten t h o u s a n d dollars
Total
Unknown, destroyed
Net..
1903.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars. .
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five t h o u s a n d dollars
Ten thousand dbllars
Total
U n k n o w n , destroyed
Net

Outstanding.

38,416,000
22,584,000
80,060,000
78,960.000
73.030.000
24.900,000
29,760,000
8.350.000
40.040.000
23.915,000
75,530,000
495,646,000

Net

1901.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total
Unknown, destroyed
Net

Total
redeemed.




545,168,160 41,519,193.00
481,587,098.70
63,581,061. 30
403,939,048 22,985,412.00 • 363,761,316.80
40,187, 731.20
1,330,401,760 87,995,285.00 1,086,762,610.50
243,639,149.50
1.320.485.240 80,528,800.00 1,060.820,788.00
259,664,452.00
966,908,400 47,396,900.00
760,982,824.00
205,925,576.00
258,440.200 12,113,900.00
216,589.485.00
41,850,715.00
9,333,000.00
360.078.300
309.109.530.00
50,968,770.00
3,099,000.00
304,470,000
281.495.250.00
22,974,750.00
710,467,000 15,000,000.00
636.333.600.00
74,133,500.00
1,760,000. 00
726,970,000
698.220,000.00
28,750,000.00
2,125.950.000 37,160,000.00 2,038,190,000.00
87,760,000.00
9,053,278,108 368,891,490.00 7,933,842,403.00 1,119,435,705.00
1,000,000.00
1,000,000.00
407,102,000 9,053,278.108 358,891,490.00 7,934,842,403.00 1,118,435,705.00
45.288.000
25.464.000
113.420.000
79.960.000
47,360,000
4.100,000
11.100,000
5,200,000
12,900.000
5.000,000
57,310,000
407,102,000

-•604.844,160 52,457,502.00
534.044,600.70
70,799,559.30
435,Oil, 048 28,868,443.00
392,619,759.80
42,391,288.20
1,472,201,760 112,494,045.00 1,199.256.655.50
272,946,104.50
1,424,665.240 86,417,220.00 1.147.238,008.00
.277,327,232.00
1,014,748.400 45,998,990.00
806,981.814.00
207,766,586.00
9,708,350.00
267,240,200
226,297,835.00
40,942,365.00
372.478.300 10,500,800.00
319,610,330.00
62,867,970.00
5,602,250.00
309.170,000
287,097,500.00
22,072,500.00
650,089,500.00
722.267,000 13,756,000.00
72,177,500.00
740,000.00
728,970,000
698.960.000.0030,010,000.00
2,168,690,000 41,540,000.00 2,079,730,000.00
88,960,000.00
9,-520,186,108 408,083,600.00 8,341,926,003.00 1,178,260,105.00
1,000,000.00
1,000,000.00
.466,908,000 9,520,186,108 408,083,600.00 8,342,926,003.00 1,177,260,105.00
69,676,000
31,072,000
141,800,000
104,080,000
47,840,000
8,800,000
12,400,000
4,700,000
11,800,000
2,000,000
42,740,000
466,908,000

..............

75,612,000
680,456,160 64,391,738.00
38,016,000
473,027,048 33,698,980.00
157,420,000 1,629,621,760 143,090,702.00
111,560,000 1,636,125,240 100,108,030.00
69,520,000 1,084,268,400 53,074,420.00
14,200,000
281.440,200 11,041, 700.00
19,200,000
391,678,300 13,626,650.00
3,500,000
4,718,000.00
312,670,000
11,300,000
733,567.000 10,573,000.00
1,675,000.00
728.970,000
50,710,000 2.219.400,000 52,660,000.00
551,038,000 10,071,224,108 488,558,220.00

698,436,338.70
82,019,82L30
426,318,739.80
46,708,308. 20
1,342,3,47,357.50
287,274,402.50
1,247,346,038.00
288,779,202.00
860,056,234.00
224,212,166.00
237,339, 535.00
44,100,665.00
333,236,980.00
58,441,320.00
291.815.500.00
20,854,500.00
660,662,600.00
72,904,500.00
700,535,000.00
28,435,000.00
2,132.390,000.00
87,010,000.00
8,830.484.223.00 1,240,739,885.00
1,000,000.00
1,000,000.00
551,038,000 10,071,224,108 488,558,220.00 8,831,484,223.00 1,239,739,885.00

201

TEEASUREE.
'So„ 3 6 . — A M O U N T OF P A P E R CURRENCY OF EACH DENOMINATION
THE CLOSE OP EACH FISCAL Y E A R PROM 1890.

Denomination.

Legal-tender
notes.

Certificates.

OUTSTANDING

National-bank
notes.

• Total.

1890.
One dollar
Two dollars
Fivedollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars . .
One thousaud dollars..
Five thousand dollars .
Ten thousand dollars..

$3,292,353
2,872,879
67,730,384
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

$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

Total
Unknown, destroyed .

347.681,016
1,000,000

471,482.730

185.722.978

1.004,886,724
1,000,000

346,681,016

471,482,730

One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars . . .
Five hundred d o l l a r s . . .
One thousand dollars...
Five thousand dollars . .
Ten thousand dollars...

6,906,650
6,456,974
67,623,174
108,633,085
122,135,050
18,843,550
35,432,950
9,378,000
22,475,000
15,000
10,000

29,065, 208
19,233,505
110,069,725
110,584,531
42,623,010
14,318,615
19,218,520
13,828,000
23,685,500
27,000,000
81,330,000

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

Total
Unknown, destroyed .

397,909,433
1,000,000

490,956,614

167,650,906

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 dollars
Ten dollars
Twenty dollars
Fifty dollars
:
One hundred dollars . . .
Five hundred dollars...
One thousand dollars...
Five thousand dollars . .
Ten thousand 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
66,183,770
18,822,765
26,632, 620
11,040,500
21.569.600
31.100,000
95,820,000

363,387
178,978
49,690,990
54,647.000
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
96,830,000

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

1,139.426.175

One dollar
Two dollars
Five dollars
—
Ten dollars
Twenty dollars
Fifty dollarsOne hundred dollars...
Five hundred dollars..
One thousand dollars..
Five thousand dollars .
Ten thousand d o l l a r s . .

16.695.156
15.212,098
99.138,324
135,022,246
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

359,690
176,102
51,354,355
56,998,170
42,550,380
9,318,700
17,414,100
146,000
33.000

39,909,579
31,410,899
244,494,484
299,234,156
229,966,580
43,867,066
74,662,570
23.032,500
67,542,500
18,230,000
47.080.000

Total
Unknown, destroyed ,

494,871,243
1,000,000

436,208,693

178.350.397

1,109,430,333
1,000,000

493,871,243

436,208,693

178,350,397

1,108,430,333

15,881,901
12,816,728
86,603,969
125,335,175
115,236,410
15,182,300
35,617,950

22,281,229
15,366,373
87.651,885
104,611,711
, 76,314,170
17,274,615
29,898,620

357,050
174.282
61.610.485
66.006.800
48,685,320
10,274,550
19,680,800

38,520,180
28,357,383
235,766,339
295,953,686
240,235,900
42,731,365
85,197,270

Net

1,003,886,724

1891.

Net .
1892.

Net.
1893.

Net.
1894.
One dollar
:
Two dollars
- Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars...




202

REPORT ON T H E F I N A N C E S .

No. 36.

-AMOUNT OP P A P E R CURRENCY OP EACH DENOMINATION OUTSTANDING AT

THE CLOSE OF EACH FISCAL Y E A R PROM 1890—Continued.
Legal-tender
notes.

Denomination.

Certificates. N a t i o n a l - b a n k
notes.

Total.

1894.
Five h u n d r e d dollars
One thousand dollars.
Five thousand dollars
Ten thousand dollars

$12,039,000
81,527,000
15,000
10,000

$5,029,500
9,383,500
12.580,000
83,180,000

$133.500
32.000

$17,202,000
90,942,500
12,595,000
83,190 000

Total
Unknown, destroyed

500,265,433
1,000,000

463,571.403

206.854.787

1,170,691,623
1,000,000

499,265,433

463.571.403

206,854,787

1,169,691,623

14.235.945
11.291,927
94,742,929
120,629,495
105,679,470
13,193.500
31.506.650
. 9.277.500
93,187.000
15,000
10,000

27.241,706
16,667,051
88,262,710
98,343,601
73,403,810
14,559,665
24 568,.420
4 587,000
8 245,500
7 720,000
69,560,000

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

493,769,416
1,000,000

433 159,463

211,386.927

1,138,315,806
1,000,000

492,769,416

433 159.463

211.386,927

1,137,315,806

14,743,496
13,124.121
100,527,084
124,439,325
91,555,470
13,756,250
31,234,550
6,715,000
81,244,000
15,000
10,000

29
15
93
105
67
16
26
4
6
6
46

Net
1895.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five thousand dollars
T e n t h o u s a n d dollars

.

. . .

Total
Unknown, destroyed
Net
1896.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars . . . . . . ;
Fifty dollars . . . . " .
One h u n d r e d dollars
Five h u n d r e d dollars.
One t h o u s a n d dollars
Five thousand dollars
Ten t h o u s a n d dollars

1.120.539,139
1,000,000

417 647,693

225,527,150

1,119,539,139

31
18
101
113
72
17
32
3
5
6
73

064.204
122.674
736,235
292,526
158,624
822,540
476,370
682,000'
876,500
760,000
610, 000

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

462 648,296
1 000,000

476 601, 673

230,638,035

1,169.788,004
1,000,000

461 548,296 . 476 601,673

Net

225,527,150

14 858.688
11 779,328
92 650,092
114 381,361
82 580,952
15 224,676
27 797,200
16 103,000
87.148,000
16,000
10,000

Total
U n k n o w n , destroyed

417 647,693

476 364,296

...

353,392
171.238
70.959.130
69.223,410
51,447,180
11,137,100
22,085,700
122,000
28,000

• 477 364.296
1 000,000

....

440.370
788,207
974,970
948.281
645.230
212.415
743,720
038,000
636.600
220,000
000,000

230 638,035

1,168.788.004

-

44,537,258
29.083.566
265.461,184
299,611,018
210,647,880
40.105,765
80,063,970
10,875,000
87,908,500
6,235,000
46,010.000

• 1897.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five t h o u s a n d dollars
Ten thousand dollars

..

.

Total
U n k n o w n , destroyed
Net
1898. •
One dollar
Two dollars
b'ive d o l l a r s
Ten dollars
T w e n t y dollars
Fiftv d o l l a r s
One h u n d r e d dollars .
Five h u n d r e d dollars
One thousand dollars
Five t h o u s a n d dollars
T e n thousand dollars
Total
Unknown, destroyed
Net



. .

18 389,283
12 906,958
94 875,142
110,258, 621
77 957,542
15 083,250
27 425,000
15 361,500
76 606,000
15,000
10,000

30
18
109
125
85
25
13
3
•5
6
38

901,939
776,814
377,350
573,466
817,524
500,590
128,470
577,000
799.500
060.000
070.000

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

448 888,296
1 000,000

462 681.653

227 869,453

1,139,339,402
1,000,000

447 888,296

462 581, 653 |

227 869,453

1,138.339,402

203

TREASURER.
No. 36.-

-AMOUNT OP PAPER CURRENCY OP EACH DENOMINATION OUTSTANDING AT
THE CLOSE OP EACH FISCAL Y E A R PROM 1890—Continued.
Denomination.

1899.
One dollar
Two dollars
.•
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars . .
Five hundred dollars..
One thousand dollars..
Five thousand dollars .
Ten thousand dollars..
Total
Unknown, destroyed . .
Net
1900.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars...
Five hundred dollars..
One thousand dollars..
Five thousand dollars .
Ten thousand dollars..
Total
Unknown, destroyed...
Net ..-.....•
1901.
One dollar
Two dollars
Fivedollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars...
Five hundred dollars..
One thousand dollars..
Five thousand dollars .
Ten thousand dollars..
Total
Unknown, destroyed...
Net
1902.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars...
Five hundred dollars . .
One thousand dollars..
Five thousand dollars .
Ten thousand dollars..
• Total
Unknown, destroyed . .
Net'

Legal-tender
notes.

Certificates.

National-bank
notes.

$348,721
167,876
73,799,985
•75,403,810
56,379,280
11,543,400
23,540, 200
108,000
28,000

$14,772,855
10,953,726
106,461,792
120,114,061
88,156,312
13,750,450
25,586,100
12,296,000
49,083,000
15,000
10,000
441,199,296
1,000,000
440,199,296

$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
461,748,323

241,319,272

461.748.323

241,319,272

7,590,217
6,870,459
104,209,462
127,175,901
85,554,002
13,683.475
24.315.250
10.835.250
43,449,000
16,000
10,000
423,708,016
1,000,000
422,708,016

52.222.039
30,838,683
114,004,972
133,057,351
120,408,474
36,181,140
24,886,520
10,038,500
32,784,500
25,495,000
67,600,000
647,517,179

347,945
• 167,244
74,539,555
108,727,430
78,552,820
15,522,050
31,618,000
105,500
27,000

647,517,179

309,607,544

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
395,464,016
1,000,000
394.464,016

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
33,924,400
101,500
25,000

723,971,689

353,708,188

723, 971,689

353,708,188

3,105,365
2,514, Oil
39,316,892
206,143,121
59,136.852
9. 668.225
18.677,050
9,258,600
29,841,000
10,000
10,000
377,681,016
1,000,000
376,681,016

67,694,194
39,877.278
233.628,212
71,184, 111
148.629.734
31.274,140
34.190.920
,12,814,000
42,336,500
30.000.000
88,950,000
800,579,089

346,371
166,170
54,620,050
143,883,370
107,488,120
16,241,000
33,768,300
98,500
25,000

800,679, (

356,636,881

2.719.638
2,118.120
23.249.335
241.826.421
43.993.252
6.743.550
13.183.200
7.701,500
26.369,000
10,000
10,000
366.924.016
1.000.000
365,924,016

79,300,184
44,590,188
264,025,067
46,952,781
180,218,914
37,357,115
45,258,120
13,153,000
47,535,500
. 28,425,000
87,000,000
873,815,869

345.959
165.960
61,798,905
172,263,760
127,446,540
16,676,550
34,815,200
96,500
25,000

873,816,869

-413,634,374

309,607,544

356,636,881

Total,

$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
6,230,000
31,290,000
1,144,266,891
. 1,000,000
1,143,266,891
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
1,380,832,739
1,000,000
1,379.832.739
63.928.162
40,354,614
305,207,834
399,458,072
307,138.276
58,419,115
84,893,170
23,076,250
74,158.500
28.750.000
87.760,000
1.473,143,893
1.000,000
1,472,143,8
71,145,930
42,557.459
327.565.154
421.210.602
315,254,706
57,183,365
86,636,270
22,171,000
72,202,500
30,010,000
88,960,000
1,534,896,986
1,000,000
l; 533,896, 986

1903.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars...
Five hundred dollars ..
One thousand dollars . .
Five thousand dollars ,
Ten thousand dollars ..
Total
Unknown, destroyed .,
Net
,
for FRASER

Digitized


413,634,374

82,365,781
46.874,268
349,073,307
461,042,962
351,658,706
60,777,215
93,256,520
20.951.000
72,929,500
28,435,000
87,010,000
1,654,374,259
1.000,000
1,653,374,269

204
No.

REPORT ON T H E

FINANCES.

3 7 . — O L D DEMAND NOTES ISSUED, REDEEMED, AND OUTSTANDING AT THE CLOSE

OP EACH FISCAL Y E A R PROM
I s s u e d d u r i n g • T o t a l issued.
year.

Fiscal year.
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903

No.

$60,030,000
60,030,000
60,030,000
60,030,000
60,030,000
60,030,000
60,030,000
60,030,000
60,030,000
60,030,000
60,030,000
60,030,000
60,030,000
60,030,000

•.
•

. .

Redeemed during year.

Total
redeemed.
$59,973,967.50
59,974,362.50'
59,974,352.50
59,974,352.50
59,975,152.60
59,976,152.50
69,975,652.60
59,975,652.60
69,976,002.50
59,976,152.50
69,976,162.60
59,976,152.50
59,976,152. 50
'59,976,152,50

$410.00
385.00
800.00
600.00
350.00
150.00

Outstanding.
$56,032.50
55,647.60
65,647.60
55,647.50
64,847.50
- 54,847.50
.54,347.50
54,347.50
53,997.50
53,847.50
53,847.50
53,847.50
53,847.50
53,847.50

3 8 . — F R A C T I O N A L CURRENCY ISSUED, REDEEMED, AND OUTSTANDING AT
CLOSE OP EACH FISCAL Y E A R FROM 1890.
Fiscal year.

Issued d u r i n g
year.

T o t a l issued. R e di e e myeeda rd u r ng
.
$368,724,079.45
368,724,079.46
368,724,079.45
368,724,079.45
368,724,079.45
368.724.079.45
368,724,079.45
368.724.079.46
368,724,079.45
368,724,079.46
368.724.079.45
368,724,079.46
368.724.079.46
368,724,079.45

1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903

No. 39.-

.'

Fiscal year.
1890 . .
1891
1892
1893
1894 .
1895
1896."
1897
1898
1899
1900
1901
1902
for FRASER
1903

Total
redeemed.

$6,179.50 $353,436,630.15
3,831.37 353,440,461.52
4,216.98 353,444,678.50
2,958.00 353,447,636.50
3,367.20 353,451,003.70
3,019.93 353,454,023.63
2,933.35 353,456,956.98
3,482.00 353,460,438.98
2,950.00 353,463,388.98
3,343.48 353,466,732.46
2,418.25 353,469,150.71
2,578.78 363,471,729.49
3,088.00 353,474,817.49
2,083.00 353,476,900.49

THE

Outstanding.
$16,287,449.30
15,283,617.93
15,279,400.95
16,276.442.95
15,273,075.75
15.270,055.82
16,267,122.47
15,263,640.47
15,260 690 47
15,257,346.99
15,254,928.74
15.252.349.96
15,249,261.96
16,247,178.96

-UNITED STATES PAPER CURRENCY OUTSTANDING AT THE CLOSE OF EACH
FISCAL Y E A R PROM 1890.

Fiscal year.
1890
1891
1892
1893
1894
1896
1896
1897
1898
1899
1900
1901
1902
1903

1890.

Old d e m a n d
notes.
$56,032.50
55,647.50
65,647. 50
55,647.50
64,847.50
54,847.50
54,347.50
54,347.50
53,997.50
63,847.50
53,847.50
53.847.60
63.847.50
53.847.60

U n i t e d S t a t e s . T r e a s u r y n o t e s F r a c t i o n a l curnotes.
of 1890.
rency.
$346,681,016.00
346,681,016.00
346,681,016.00
346,681,016.00
346,681,016.00
346.681.016.00
346,681,016.00
346.681.016.00
346.681.016.00
346,681,016.00
346,681,016.00
346,681,016.00
346,681,016.00
346,681,016.00

Gold certificates.

Silver certificates.

$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
346,582,089.00
409,109.8fi9.no

$301,539,751.00
314,715,185.00
331.614.304.00
330,957,504.00
337.148.604.00
328,894,604.00
342,619,604.00
375,479,604.00
398,656,604.00
406,085,604.00
416,016,000.00
435,014,000.00
453.997,000.00
464.70fi. 000.00

Digitized


$60,228,417.00
101,712,071.00
147,190,227.00
152,584,417.00
146,088,400.00
129,683.280.00
114.867,280.00
101,207,280.00
93.618.280.00
76,027,000.00
47,783,000.00
30,000,000.00
19,243,000.00

$15,287,449.30
15,283,617.93
15,279,400.95
15.276.442.95
16,273,075.75
16,270,055.82
15,267,122.47
15,263,640.47
15,260,690.47
16,257,346.99
16,254,928.74
15.252.349.96
16,249,261.96
15,247,178.96

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
56,795,000.00
32,210,000.00
62,340,000.00
26,605,000.00
21,355,000.00
3,705,000.00

Total notes.
$362,024,497.80
412,248,698.43
463.728.135.45
509,203,333.45
614,593,356.25
608,. 094,319.32
491,685,765.97
476,866,283.97
463,202,983.97
455,510,490.49
438,016,792.24
409.770.213.46
391,984,125.46
381,225,042.46

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
463,671,403.00
978,164,759.26
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
800,579,089.00 1,192,563,204.46
«7;^ 9.^R RfiQ n o 1,255,040,911.46

205

TREASURER.
N o . 4 0 . - -EsTiMATED

1890—January . . .
February..
March
April......
M a y . . .•
June
July
August
September.
October
. November.
December.
1891—January . . .
February..
March
April
May
June
July
August
September.
October . . .
November.
December.
1892—January . . .
February..
March
April
May
June
July.......
August
September.
October—
November.
December.
1893—January . . .
February..
March
April
May
June
July..
August
September.
October—
November.
December .
1894—January . . .
February..
March
April
..
May
.".
June
July
August —
September.
October
November.
December .
1896—January . . .
February..
March
April
May
June
July
August —
September.
October
November.
December.
1896—January . . .
February..
March
April
May
June
July
August
September,
October
November

December

STOCK OF G O L D C O I N A N D B U L L I O N
MONTH PROM JANUARY, 1890.
Month.



AT T H E

END OF

Bullion.
$624,900,
625,967
627,406,
627,923,
629,030,
630,012,
629,512;
631,801,
633,118;
634,012,
635,219;
637,301;
639,384;
642,222
641,218;
629,636,
600,591
584,524;
581,721
582,227:
586,964,
596,386,
699,344,
604,633,
606,287
606,66I:
606,564;
601,527,
602,486,
689,509,
581,129,
577,737,
576,074;
577,387,
577,983;
569,633,
559,063,
547,655;
646,673,
532,6I3;
523,692,
513,743,
520,273,
547,516;
666,479;
664,738;
575,269;
582,227;
692,848;
603,860,
612,326,
614,370,
596,799,
584,479,
572,975,
574,352,
679,728,
681,697,
683,834,
677,380,
657,532,
562,633,
567,592;
673,066,
578,036;
579,422:
580,48i;
568,990;
556,100;
564,132;
564,229;
668,106;
583,488,
586,168,
588,743,
589.820,
674,620,
567.931,
564,665,
570,657,
600.544
624.047;
634.287'
638,381

EACH

Total.

$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
696,008,806
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
704.100.811
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
686,846,930
84,299,689
690,586,886
83,275,529
689,936,893
81,194,377
687,758.687
79,712,183
681.239,405
77,953,612
680,438.749
74,836,385
664,345,446
76,623,598
657.763,580
75,960,115
653.698.106
76,055,422
652,130,237
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
78,345.610
592,089,133
603.723,903
83.450.336
645,889,540
98,373,605
657.505,880
101,026,648
661,395-, 851
96.657.273
90.910, 622 666, 180,139
666,906,590
84,679,495
670,023,510
77,175,275
674,293.180
70,432,992
672,658,001
60,232,616
668,087.191
53,716,468
644,866,96'8
48,067,706
629,091,424
44.612,311
620,026,413
47,050.824
618,293,455
43.941.337
623, 792,004
44.063.417
625,795,276
44,197,435
630,139,655
46,305,066
625,107,730
47,727,334
603,543,187
46,010,546
607,161,380
44,527,722
51,387, 979 618,980,395
623,109,679
50,044,014
631,461,408
53,425,367
636,168,989
56,746,018
641,132,676
60,651.509
60.208.542 •629,198,579
613,441,575
57,340,757
618,542,432
54,409.512
. 45.590,866 609,820,049"
597,927,254
29,820,315
598,956,043
15,467,938
612,989,690
26,821,484
617,797,966
29.054.663
32,851, 621 622,672,115
607,183,582
32.662.860
600,148,847
32.217.024
595,306,169
30.640.941
603,821,169
33.264,086
641,542,801
40,998,574
47.617.328
671.664.812
51;969,827
686,256,984
54,565,385
692,947,212

206
No.

REPORT
40.—ESTIMATED

STOCK

ON T H E F I N A N C E S .

OF GOLD COIN AND BULLION AT THE END OF EACH

MONTH FROM JANUARY, 1890—Continued.
Coin.

Month.
1897—.Tanuary
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
.lune
.luly
August
September
October
November
December
1900—January
February
March
April
May
June
July
August
September
O c t o b e r -.
November
December
1901—January
February
March
April
May
June
July
August
September
October
November
December
1902—January
February
March
April
Mav
Juiie
July.'.
August
September
October
November
December
• 1903—January
February
March
April
May
. June
July
August
September

. $645,568,492
655,672,099
669,114,266
675,298,428
675,389,655
671,676,250
668,189,128
671,852,373
J 682,437,123
. 692,691,685
696,460,640
699,478,536
702,851,399
705,494,037
729,385,818
750,557,111
760,274,281
765,735,164
771,089,526
778,894,663
785,041,686
I 791,647,226
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
906,676,296
918,606,025
924,565,661
923,653,462
929,775,608
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
1,039,965,339
1,050,488,707
1,057,145,188
1,063,643,851
1,063,358,703
1,067,066,189
1,067,002,208
1,068,311,784
..1,067,034,785
1,074,838,670
1.080,110.347
1.082.166.750
1,083,674,894
1,087,807,422
1,095,101,623
1,102,028,942 .
1,107,346,286
1,107.120,714
1,101,766,986
1,096,091,647
1,095,300,467
1,094,345.709
1,094.516.971

: .
-

:
:...--

•
•.
:

1
'

:

'.

:

:

....:...:




-.....-

•

Bullion.
$52.286,
46,849;
37.254,
32,786,
26,539;
25,547
28,929;
31,230,
30,223,
36.969,
42,123,
45,559,
49.465,
52.454,
63,647,
83,67i;
96,""'
98,049;
99,294;
105,175,
116,299;
133.423;
138,502;
142,074;
134,1""
127.385;
121,560,
120,829;
121,742,
119,870;
125,658;
.127,460,
131,730,
139,017,
141,809,
144,476,
141,246,
131,632,
127,62'
124,919,
116,965,
112,378;
123,743,
116,421
124,773,
142,485;
149,581,
151,121
142,655,
138,185,
139,261
125,823;
111,252,
109,012,
116,229,
123,113,
131,127,
139,919,
131,874,
125,683,
124,133,
114,387,
115,182;
116,586;
117,586;
124,282;
126,890;
128,673,
135,124;
148,516;
158,655;
159,069;
157,740;
156,017,
154,396,
160,182,
159,678;
156,640:
160,448,
173, 388,
182,845,680

Total.
$697,
702,
706,
708,
701.
697,
697,
703,
712,
729,
738,
745,
752,
757,
793,
834,
857,
863,
870,;
884,
901,
925,
935,
949,
958,
966,
973,
980,
985,
975,
978,
990,
999,
., 014,
,018,
, 016,
,022,
,025,
,034,
,043,
, 041,
,036,
,053,
,049,
,059,
, 080,
,099,
, 108,
,112,
,117,
, 124,
,129,
, 123,
, 124,
,135,
,147,
, 160,
, 174,
,171,
,176,
,181,
,178,
,178,
,183,
,184,
,192,
,193,
,203,
, 215,
,230,
, 242.
.246.
,252,
,258.
,261.
.267.
,261.
,252,
, 255,
, 267,
,277,

251
724
560
485
314
332
880
728
417
210
008
596
476
853
076
646
145
929
447
660
264
799
605
013
680
746
297
696
605
939
707
153
565
049
208
857
682
162
613
117
374
645
893
994
820
407
996
829
728
760
697
646
871
261
556
145
790
624
976
;-153
087
493
790
727
889
589
457
751
885
772
766
715
475
481
201
579
124
990
068
949
651

207

TREASUEER.
N o .

41.—ESTIMATED

1890—January . . .
February..
March
April
May
June
July
August
September.
October—
November.
December.
1891—January . . .
February..
March
April
May . . .
June
...
July
August
September.
October
November.
December.
1892—January . . .
February..
March . . : . .
April
May
June
July
August
September.
October
November.
December .
1893—January . . .
February..
March
April
May
June
July
August
September.
October
November.
December.
1894—January . . .
February..
March
April
May
.lune
July
August
September.
October...,
November.
December .
1895—January . . .
February..
March
April
May ..
June
July
August
September,
October
November.
December.
1896—January...
February..
March..'...
April".
May
June
July
August
S ptember
Digitized for eFRASER
October . . .

STOCK

OF

SILVER

COIN

JANUARY,

AT T H E

END OF EACH

MONTPI,

PROM

1890.

[Standard dollars held against Treasury notes are not included.1
Month.



Standard
dollars.
$352,
356,
360,
363,
366,
369.
371,
372,
373,
377,
377,
377,
377,
377,
380,
380,
380,
381,
383,
384,
385,
386,
387,
387,
387,
387;
388,

388,
388,
389.
389.
389,
389,
389,
389,
389.
389.
391,
391,
392,
392,
392,
393,
393,
393,
393,
393,
393,
393,
394,
394,
395,
395,
396,
396.
396,
396,
397,
399,
401,
401.
402.
403.
406,
407,
409,
409,
410,
411,
414,
417,
419,
421,
423,
425,
428, 382 707

Subsidiary
silver.

Total.

$76, 708, 644 $429,646,645
433,134,893
76,708,892
436,825,803
76, 799,537
440,419, 779
76,793,513
443.344,693
76,818,427
446.; 301,235
76,874,969
448,344,520
76,618,254
449,805,411
76,807,145
450,612,934
76,875,555
454,417,610.
77,193,068
455,066,268
77,339,553
455,365,604
77,638,844
455,423,600
77,696,840
455,438,287
77,698,303
458,019,424
77,740,096
458,270,810
77,936,913
458,716,652
77,917,108
459,815,047
77,947,619
460,737,409
77,131,606
461,670,483
76,995,390
461,812,672
76,511,066
463,367,029
77,301,515
464.512.031
77,235,022
464,259,3''6
76,566,155
464,638,544
76,910,813
464,830.233
77,096,549
465, 319,835
77,294,571
465,539,216
77,433,950
465,301,096
77,195,831
465.101.497
76,611,232
466,061,374
77,500,000
466,034.286
77,472,912
466,129.081
77,467,707
466.146.361
77,484,987
466.136 «92
77,475,318
467.136 272
77,898,748
467.123 % 4
77.887,460
464.430.238
74.993.714
466,934.1/4
77,197,330
467,257.559
77.370.715
467.445.056
77,558,212
467.143.056
77,256,212
466,500, " 2
^2
76,563,878
468,246,178
77,036,067
469,397,889
77,596,621
469,372,202
76,977,002
469,656,138
76,960,353
470,425,236
77,494,207
470,059,591
77,041,547
469,606,589
76,616,800
469.852.032
76,661,555
469,905,154
76,627,432
468,938,273.
75,527,223
76,122,875 .469,629,252
469,863, 744
76,221,063
470.240,429
76,167,704
469,837,257
75,054,481
470,918,587
75.667.112
472,153,118
76,331,359
473,178,763
77,155,722
473,318,204
77,192,015
473,244,315
77,071,742
473,233,312
76,450,557
473,699,442
76,169,569
475.479,581
76,375.930
477,832,094
76,772,563
478,866.146
77,065.444
478,941,602
76.145.901
479,916,581
76,291,880
483,467.881
77,259,180
486,156,207
78,448,506
486,701,707
77,182,006
488,540,573
78,573.872
489.136,248
78,564,547
489; 864,261
78,216,677
492,908.993
77,948.510
494,193,973
76,994,051
495,203,240
75,730,781
496,943,143
75,667,706
498,820.520
75,609,268
501,125,060
75,354,781
504,187,289
75,804.582

208
No.

REPORT ON T H E F I N A N C E S .
4 1 . — E S T I M A T E D STOCK OF SILVER COIN AT THE END OP EACH MONTH, PROM
JANUARY, 1890—Continued.
Month.

1896—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
May
,
June
July
August
September.
October . . .
November,
December.
1901—January : . .
February..
March
April
May
June
July
August
September.
October . . .
November.
December.
1902—January...
February..
March
April
May
June
July
August
September.
October . . .
November.
December.
1903—January . . .
February..
Mar.ch
April
May
June
. July.......
August
September.
for FRASER

Digitized


Standard
dollars.

Subsidiary
silver.

$430,665,251
433,127,8^5
435,068,227
436,474,343
437,320,664
438,203,138
439,564,612
440,927,086
442,340,5c8
443,582,bis
444,920,5^8
446,941,538
448,687,665
450,603,2^4
461,798,6< 5
453,158,969'
464,387,6(3
465,603,670
466,702,567
457,872,224
458,932.933
460.068.880
461,387,069
462,343,250
463,429,920
464,568, Oil
465,928,2^8
466,790,670
467,803,381
468,810,806
469,794,616
470,902,576
-471,259,133
472,205,721
473,817,753
475,417,936
475,070,146
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
600,403,541
504,690,508
607,422,877
610,301,316
612,536,160
514,849,446
617,600,834
520,062,537
522,028,673
524,181,8c 2
626,544,894
528,222,988
529,171,229
530,732,617
533,067,617
534,606,654
536,113,305
537,603,809
538,684,786
540,135,200
540,682,817
542,363,298
643,360,860
545,527,822
547,127,022
548,098,168
549,580,553
550,683,664
551,615,317
552,268,056
552,876,0^3
554,216,156
555,428,603
655,853,494
655,886,980

$75,803,546
76 317 752
76 303 945
76 514 618
76 220 921
76 341 471
76 617 908
75 438 884
75 417 942
74 271 577
74 631 590
75 414 007
76 020 675
76 400 207
76 663 116
76 230 903
76 584 080
76 605 240
76 086 089
76 421 429
75 989 540
75 752 972
75 784 648
76 733 612
76 670 481
76 587 161
76 015 347
76 329 061
76 390 984
76 710 825
76 638 335
76 746 179
76 909 690
76 647 029
76 523 333
78 552 777
79 510 3^9
79 643 721
80 346 414
80 101 151
79 715 204
80 612 991
81 672 075
82 901 023
83 777 071
85 567 835
86 000 748
86 676 285
87 200 371
87 569 473
88 485 517
88 667 880
89 869 906
90 082 284
90 496 312
90 490 289
90 510 250
91 308 385
90 613 512
92 464 180
91 828 964
91 975 381
92 206 926
92 859 794
93 417 944
95 299 190
95 432 492
97 183 762
98 225 389
97 766 461
97 988 576
98 809 323
99 511 076
100 769 875
100 528 519
100 616 082
100 786 118
101 141 553
101 503 440
101 606 809
101 679 100
101 867 228
102 825 368

Total.
$506,468,
509,445,
511,372,
512,988,
513,541,
514,544,
516,082,
516,365,
517,758,
517,854,
519,552,
522,355,
624,708,
527,003,
528,461,
529,389,
530,971,
532,208,
532,788,
534,293,
534,922,
535,821,
537,171,
539,076,
540,100,
541,155,
641,943,
543,119,
544,194,
545,521,
646,432,
547,648,
547,168,
548,852,
550, 341,
553,970,
554.580,
555,845,
657,392,
558,406,
560,535,
564,848,
569,170,
573,519,
676,906,
580,854,
584,350,
586,757,
587.603.
592.259.
595,908,
598,969,
602,406,
604,931,
608.097.
610.552.
612,538,
615,490,
617.158.
620.687,
621,000,
622,707,
625,264,
627,466,
629.531.
632.902,
634,117,
637.318.
638.908.
640.129.
641,349,
644,337,
646,638,
648,868,
650,109,
651,298,
652,401,
-653,409,
654,379,
655,822,
657,107,
657,720,
658,712,

209

TREASURER.
'Xo,

4 2 . — U N I T E D STATES NOTES; TREASURY NOTES, AND NATIONAL-BANK
OUTSTANDING AT THE END OF EACH MONTH, PROM JANUARY, 1890.
Month.

1 8 9 0 ^J a n u a r y
February ..
March . . . . .
April.......
May
.'.
June
July
August
September.
October
November .
Deceinber..
1891—January
February ..
March
April
May
June
July
August
September .
October
November .
December..
1892- J a n u a r y . . .
February ..
March . . . . .
April
May
June
...
July
August
September.
October
November .
December..
1893—January . . .
February ..
March
April
May
June
July
August
September.
October
November .
December..
1894—January . . .
February ..
March
April
May
June
July
August
September.
October
November .
December..
1895—January . . .
February ..
March
April
May..
June
July
August
September.
October
November .
December..
1896—January—
February ..
March
April
May
June
July
August
•.
September.
October —
November .
Digitized forcFRASER
De ember..

http://fraser.stlouisfed.org/
FI Bank of -14
Federal Reserve 1903- St. Louis

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, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 631,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346; 681,016
346 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
346, 681,016
• 346, 681,016
346, 681.016
346,;681.016
346, 681,016
346, 681,016
346,.681.016
346, 681.016

Treasury
notes.

Nationalb a n k notes.

NOTES

Total.

$194,447,219 $541,128,235
192,000,453
538,681,469
190,274,602
536,955,618
189,264,900
535,945,916
187,361,523
534,042,539
185,748,590 532,429.606
184,253,868
530.934.884
183,134,753
$3,609,000
533,424,769
181,602,915 536,352,931
8.069.000
179,610,433
13,949,000
540,240,449
178,329, Oil 544.268.827
19,258,800
177,088,171
24,090,500
547.859,687
175,303,549
28,804,000
550.788.565
173,423,024 553.254.740
33,150,700
171,535,064 555.309.280
37,093,200
170.227.646 558,639,862
41.731.200
168,850,839 • 561,209,202
45.677.347
167,577,214 564,486,647
50,228,417
168,166,939
54,994,035
569,841,990
171,134,309
59,686,035
577,501,360
171,786,146
64,251,130
582,717,292
172,184,558 587,590,844
68,725,270
172,993, 607 592,634,276
72,959,652
173,078,585 597.086.703
77,327,102
173,205,496
81,553,000
601,439.512
172,621,875
85,236,212
604,539,103
172,529,451
89,602,198
608.812.666
172,476,675
93,228,690
612.386.281
172,499,349
97,391,986
616,572,351
172,683,850
101.712.071
621,076,937
172,527,713
105,566,170
624,774,899
172,656,429
109,382,637
628,720,082
172,786,760
112,484,335
631,952,111
172,432,146
116,611,233
635,724,395
173,614,870
120,796,713
641.092.599
174,404,424
124,745,623
645,831,063
174,391,253
127,946,489
649,018,758
175,422,388
131,867,853
653,971,257
176,094,544 658,265, 708
135,490,148
176,855,614 662.606,408
139,069,778
177,164,254 667,035,144
143,189.874
178.713,872 672,585,115
147,190,227
183,755,147
148,286,348
678,722,511
198,980,368
149.881.958
695,543,342
208,690,579
161.319,040
706,690,635
209,311,993
152,735,188
708,728,197
208,948,105 709,082,750
-163.453,629
208,638,844 708,380, Oil
153,160,151
207,862,107
707,614, 031
153,070, 908
207.479.520
707,161,720
153,001,184
207.875.695
707,457,028
162,900,317
152.813.072 207.833.032 707,327,120
207,245,019
706,605,777
162,679,742
207,353,244 706,618,677
152,684,417
207,539,066 706,667,208
152,447,126
207,592,215 ,706,424,600
152,151,369
161,609,267 207,564,458 705,854, 741
207,565,090
705,386,674
151,140.568
704.346,423
150,979,070 206,686,337
206,605,710 704,110,457
150,823,731
205,297,671
702.730,128
160,751,541
205,043, 651 702,429,824
150,706,167
207, 541,211 704,552,316
160,330,089
209,719,850
149,584,471
705.985.337
148,044,280 211,478,716
706,204.012
146,088,400 211,691,035
704,460,451
211.372.045
145,490,280
703,543,341
212.339.200
144,495,280
703,516,496
143,666,280 212.851.934 703.199,230
141,092,280 213,887,630
701,660,926
139,583,280 213,960,598
700,224,894
137,771.280 213,716,973
698,169,269
137.324.280 213.496.647 697,501,843
136,719,280 217,181,917
700,582,213
136,081,280 221,316,027 704,078,323
133,069,280
703,939,633
224,189.337
703,354,231
• 131,385,280 225.287.935
• 129,683,280 226,000,647 702,364,843
226.030,042 701.054.338
128,343,280
703,036,192
229,613,896
126,741,280
705,324,653
233,639,357
125,004,280
704,894,740
234,984,444
123,229,280
703,757,186
121,677,280 235.398,890
702,160,414
119,816,280 235,663,118

210

REPORT ON T H E F I N A N C E S .

N o . 4 2 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES
OUTSTANDINGS AT THE END OF EACH MONTH, PROM JANUARY, 1890—Continued.

Month.
1897—January...
February .
March
April
May
....
June
July
August
September
October...
November
December.
1898—January...
February .
March
April......
May
June
« July
August
Septeinber
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...
November
December.
1902—January...
February .
March
April
May
June
July.......
August
September
October...
November
December.
1903—January...
February .
March
April
May
June
July
August
September




United States
notes.
$346,
346,
346,
346,
346,
346;
346,
346,
346,
346;
346;
346;
346;
346;
346;
346
346;
346;
346
346;
346;
346,
346;
346,
346,
346,
346,
346,
346
346;
346;
346,
346
346
346,
346,
346
346;
346;
346
346;
346
346;
346;
346;
346
346
346
346

346,
346,
346,
346,
346,
346,
346,
346;
346;
346,
346;
346;
346;
346;
346;
346;
346;
346,
346;
346,
346,
346,
346;
346,
346,
346,
346,
346,
346,

Treasury
notes.

,016 $118,
117
,016
117
,016
,016
116;
115;
,016
114;
,016
,016
113,
,016
112,
,016
111;
,016
109,
,016
107;
,016
106;
,016
105;
,016
104,
,016
103;
,016
102,
,016
101
,016
101
,016
100;
,016
.99,
,016
98
,016
97;
,016
97
,016
96;
,016
95,
,016
95,
,016
94
,016
94
,016
94;
,016
93,
,016
93,
,016
92,
,016
91'
,016
89
,016
89;
,016
88
,016
87
,016
87
,016
85
,016
82;
,016
79;
,016
76,
,016
73,
,016
70,
,016 • 67,
,016
65,
,016
63,
,016
61
,016
58
,016
55;
,016
63,
,016
51
,016
49;
,016 . 47
,016
46;
,016
44
,016
43;
,016
41
,016
40,
,016
,016
,016
,016
,016
,016
.016
.016
,016
,016
,016
,016
,016
.016
,016
,016
,016
,016
,016
,016
,016
,016

Nationalbank notes.
$235,
234
233;
232;
231;
231
230;
230,
230;
230;
229;
229;
226,
224;
224,
226,
227,
227
226,
227
235,
• 239,
242,
243,
243;
242,
243;
242,
242:
241
24i;
242;
• 243;
243;
243,
246,
247,
249;
271
285;
300,
309,
320;
324;
328
.331
332;
340;
346,
348,
350,
350,
351
353;
356,
357,
358,
359,
359,
360,
359;
358,
357,
356,
356;
356,
358,
361,
366
380;
384
384;
383;
382;
382;
391;
406;
413,
417,
418,
420,

Total.
$700.173.958
698,467,623
697,607,437
696.265.280
694,339,137
692,989,982
691,439,552
689,946,970
. 688.294,266
686,126,571
684,108,513
682,043,937
678,741,512
676,181,368
674,778,175
675,486,047
676,358,666
675,788,473
673,674,361
673.202.946
680.670.281
684.143,432
686,659,099
687,022,166
685,987,522
685,177,378
684,770,188
683,996,004
682,853,085
681,550,167
681,385,349
681,351,193
681,220,519
679,575,920
679,549,364
681,278,519
681,621,039
683,395,244
703,090,354
714,669,382
726,690,775
732,348,460
740,314,907
741,373,341
742,811,444
743,937,664
742,421,316
748,219,191
751,780,887
751,293,272
750.663.422
749,325,273
748,047,606
748,206,203
748,862,919
748,533,171
748,537.564
748.026,699
746,511,727
745,566,742
743,658,631
740,461,883
738.120.423
736,306,415
•734,735,200
733,353,107
734,428.200
735.664,707
740,510,614
752,953,350
756,589,530
755,663,800
753,607,662
751,711,861
750,701,274
,758,627,744
773,137,221
779,594,666
782,583,503
783,238,991
784,605,551

211

TREASURER.
No.

4 3 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND. CURRENCY CERTIFICATES
O U T S T A N D I N G A T T H E E N D O P E A C H M O N T H , F R O M J A N U A R Y , 1890.

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
Jurie
July
August....
September
October...
November
December.
1894—January ...
February .
March . . . . .
April
May
June
July
August
September
October...
November
December.
1895—January . .
February .
March
April
May
June
July
August
September
October...
November
December.
1896—January...
February .
March
April......
May.;
June
July
August
September
. October...
November

December.

Month.



Gold
certificates,

Silver
certificates,

110,039 $284,585,889
158. 827,639
288,239,639
159, 552,289
294,013,453
158, 785,039
297,361,953
158. 261,519
299,592,106
157, 542,979
301,539, 751
160. 021,869
302,191,171
157. 388,269
308,423,071
174. 163,519
311,173,571
174, 656,669
310,649,374
175, 072,069
310,553,024
175. 431,969
309,855,778
175, 731,499
307,062,874
172. 274,899
307,168,474
168. 367,529
313,389,782
166, 199,999
316,242,857
158, 902,149
315,551,153
152, 456,429
314,715,185
149, 720,209
315,489,459
145, 994,359
324,213,209
140, 784,059
324,936,559
156, 890,739
323,668,401
161, 852,139
324,274,918
165, 578,839
.324,772,318
180, 665,769
326,354,643
178, 151,419
328,421,343
329,272,852
178, 002,999
330,499,002
175, 644,879
330,904,002
171, 765,729
331,614,304
156, 598,929
331,809,304
154, 600,329
331,068,304
152, 234,689
146, 555, 989 329.469,304
326,850,304
143, 437,339
326,251,304
142, 821,639
325,783,504
141, 347,889
328,146,604
136, 375,589
328,029,504
122, 170,989
328,226,504
116, 621,439
326,806,504
114, 160,339
328,766,504
104, 794,639
330,957,504
94, 041,189
333,031,504
87, 704,739
329,088,504
80, 979,419
330,864,504
79, 756,819
333,444,504
79, 005,169
334,138,504
78, 312,169
334,584,504
77, 487,769
336,919,504
77, 093,769
338,061,604
71, 042,219
338,202.504
70, 444,219
70, 093,219
339,673; 504
69, 416,199
339,662,504
66, 387,899. 337,148,504
66, 050,699
336,519,504
65, 703.699
338,710,504
64, 845,699
339,676,504
64, 308,349
337,712,504
59, 677.269
337,629,504
53, 420,869
336,924,504
52, 984,869
333,796.504
51, 587,869
333.107,504
48, 927,849
331,121,504
48, 814.649
330,914.504
48, 641.959
328,245,504
469.959
328,894,504
336.909
330,932,504
290.909
331,513,504
748,909
338,297,504
585,889
342,409,504
341,889
344,327,504
099,889
345,702,504
978,989
345,994.504
384,489
344.377,504
822,469
348,325,504
817,-469
350,412,504
649,189
346,942,504
818,189
342,619,504
687,189
344,032,504
486.189
357,204,504
328,539
364,476,504
588,139
366,463,504
433,139
367,903, 504
279,789
370,883,504

Currency
certificates.
$11,720,000
10,480,000
8,650,000
. 8,935, 000
10,195,000
12,280,000
11,860,000
9,230,000
7.170,000
6,930,000
6,590,000
6,820,000
11,500,000
12,530.000
11,675,000
14,270,000
18,060,000
22,790,000
27,445,000
29,185,000
19,835,000
11,095,000
10,135,000
9,465,000
16,850,000
29,440,000
31,220.000
30.550,000
34,020,000
30,320,000
27.700,000
22,770,000
18,260,000
11,110,000
8,500,000
7.590.000
15.030.000
19, 760,000
17,090,000
15,980,000
17,780,000
12,365,000
8,340,000
5,665,000
8,285,000
22,425,000
33,325,000
39,085,000
44,976,000
47,805.000
53.080,000
57,410,000
69,370,000
59,235,000
61,955,000
58,785,000
56,305,000
54,325,000
57,985,000
48,965,000
41,245,000
37,355,000
. 37,565,000
37,375,000
48,435,000
65,755,000
57,040,000
77,085,000
67,615,000
57,015,000
48,735,000
•34,450,000
29,245,000
33,070,000
34,680,000
33,295,000
33.670.000
31,990,000
42,150,000
39,225,000
34,715,000
35,060,000
38,510,000
60,830,000

Total.
$455,415,928
457,547,278
462,215,742
465,081, 992
468,048, 625
471.362.730
474,073,040
475,041,340
492,507,090
492,236,043
492,215,093
492,107,747
494,294,373
491,973,373
493,432,311
496,712,856
492,513,302
489,961,614
492,654,668
499, 392,568
485,555,618
491,654,140
496,262,057
499,816,157
523.870.412
536,012,762
538,495,851
536,693,881
536.689.731
518,633,233
514,109,633
506.072,893
494.285,293
481,397,643
477,572,943
474,721,393
479,552,093
469,960,493
461,937,943
456,946.843
451.341,143
437,363,693
429.076,243
416,732,923
418,906,323
434.874.673
445.775,673
451,157.273
458,988, 273
456,908, 723
461,726, 723
467,176,723
468,448,703
462.771,403
464,525,203
463,199,203
460,827,203
456.345,853
455,291,773
439,310, 373
428,026,373
422,050, 373
417,614,353
417,104,153
425,322,463
433,119,463
436.309.413
457.889,413
466.561,413
450,010,393
443,404,393
430,252,393
425,218,493
421.831,993
426.827,973
427,524,973
424,261,693
417,427,693
426,869, 693 .
436,915,693
439,520,04&
441,111, 643
445,846,643
460,993,293

212

REPORT

ON T H E FINANOES.

N o . 4 3 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY CERTIFICATES
OUTSTANDING AT THE END OP EACH MONTH, FROM JANUARY, 1890—Continued.

Month.
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
May
June
July
August
September
October...
November
December.
1901—January...
February..
March
April
May
June
July
August
September
October...
November
December.
1902—January...
February..
. March
April
May
June
July
August
September
October...
November
December.
1903—January...
February .
March
April
May
June
July
August
September




Gold

certificates.

Silver
certificates.

Currency
certificates.

Total.

$39,046,789 $373,015,604
$65,615,000 $477,
3^,046,789
37c.585.504
76,795,000
489;
38-, 939,689
376,561,604
490;
75,070.000
377,531.604
38,939,689
488;
71.940.000
38,843,169
37^, 345,504
479;
66.565,000
38.782,169
375,479.504
61,750,000 • 476;
38,700,169
372.404.504
474;
63,495,000
38.527,169
379.112,504
63.650,000 >481
38,434,169
385,152,504
54,150.000
477,
38,348,169 •38^170,504
48.625,000
471,
38,274,149
38',963,504
48,890,000
472;
38,128,149
387,925.504
44,555.000
470,
38,062,149
388,475,504
49,145j 000
475;
38,015,149
391.908,604
50.660.000
480,
37,927,149
39^,630,504
41.230.000
473,
37,555,149
396,325,504
27,735,000
461
37,486,149
397.732,504
26,600,000
46i;
37,420,149, 398.556.504
26,605,000
462;
37.287,149
398,922,504 | 23,075,000
459;
37,119,149
401,107,504
20,560,000
458;
36,990,799
400.062,504
18,455,000
455,
36,940.149
398,753,504
20,105,000
455
36.901.049
399,163,604 ' 20,640,000
456;
36.808.999
399,430,504
20,685,000
456;
34,669,999
399,631,504 1 22,570,000
456,
34,592,729
402,289,604
23,135,000
460,
3^,526,829
402,627,504
22,895,000
460,
34,486,829
404,026,504
21,325,000
459,
34,434,849
405,257,504 1 21,800,000
461
34,297,819
406,085,504
21,325,000
461
34,251,619
407,027,504
20,055,000
461
82,218,419
407,-278,504 1 19,430,000
508;
135,501,119
405,197,504 '. 16,100,000
556;
152,438,119
400,633,504
13,765,000
566,
174,896,119 • 40C,643,504
13,695,000
689,
184,844,619
401,464,504
12,350,000
598
208,213,819
405,363,504 ' 14,600,000
628;
210,260,779
407,375,504
15,370,000
633,
210.757,779
409,723,000
14,645,000
635,
224,399,779
41E,495,000
7,470,000
645,
229.884.179
415,475,000
4,785,000
650,
227,797.179
416,015,000
3,705,000
647,
229.000,179
419,153,000 1 2,680,000
650,
424,212,000
236,975.679
2,560,000
662,
239,826.679
426,153,000
1,820,000
666
248,488,679
425,124,000
1,790,000
675;
254,007,379
425,374,000
1,690,000
68I;
263,629,379
427,426,000 ' 1,560,000
692;
275,667,279
428,597,000
995,000
705;
276,040,989
427,854,000
710,000
704;
276,704,989
431,841,000
708;
283,441,989
435,521,000
718;
284,951,789
435,928,000
720,
288,957,689
435,014,000
723,
291,005,689
436,957,000
727,
296,318,689
439,282,000 |
735;
442,080,000
302,926.089
745,
449,648,000
312.816.089
762,
316.726,089
45^082,000
769;
316,785,089
456,087,000
772;
325,722,089
453,089,000
778;
330,258,089
450,471,000
780,
334,581,089
45', 255,000
788,
341,620.089
455,944,000
797'
345,272.089
455,607,000
8OO;
346.612,089
453,997,000
800,
456,217,000
356.985,089
813,
359.390.089
458,785,000
818;
466,752,000
363.311,089
829,
367.078.569
467,442,000
834,
376,358.569
467.824,000
844,
383.564,069
468,957,000
852,
398,621,069
465,297,000
863,
39<,062,069
463,431,000
862,
402,008,069
868,
466,498,000
410,257,869
464,373,000
874,
411,199.869
462,550,000
873,
409,119,869
46^,706,000
873,
412,087,869
463,614,000
875,
416,385.869
462,384,000
878;
420,487,869
464,715,000
885;

213

TREASURER.
No.

4 4 . — E S T I M A T E D STOCK OP ALL K I N D S OP MONEY AT THE END OP EACH MONTH,
FROM J A N U A R Y ,

1890.

[Notes 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.]

1890—January
February ...
March
April
May..
June
July
August.......
September..
October
N o v e m b e r ..
December...
1891—January
February ...
March
April
May
June
July
August
..
S e p t e m b e r ..
October.....
N o v e m b e r ..
December...
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..
1896—January
February ..
March
April
May
June
July
August
September.
October
November .
December..
1896—January
February ..
March
April
May
June
July
August
September.
October
 —

Month.



Aggregate..
980,770 $429,646,645 $541,128,235
538,681,469
692, 100,955
433,134.893
536,955,618
436.825.803
850,282
535,945,916
440.419.779
189,333
534,042,539
443.344.693
696, 579.609
532,429,606
446,301,235
696, 008,805
530,934,884
448,344,620
691, 651,019
533,424,769
449,805,411
689, 273,307
536,352,931
450,612,934
693, 026,194
540,240,449
454,417,610
694, 867,733
455,066,268 " 544,268,827
698, 861,777
466,365,604
547,859,687
704, 100,811
455,423,600
550,788,565
707, 008,881
455,438,287
553,254,740
705, 584,827
458,019,424
555.309.280
700, 904,069
468,270,810
558,639,862
689, 495,821
458,716,652
561,209,202
661, 993,363
469,815,047
664,486,647
646, 691,928
460,737,409
569,841,990
644, 458,425
461,670,483
577,501.360
647, 489,823
461,812,672
582.717,292
653, 308,095
463,367,029
587,590,844
670, 545,108
464,612,031
592,634,275
677; 774,695
464,259,376
597,086,703
686, 845,930
464,638,544
601,439,512
690, 586,886
464,830,233
604,639,103
689, 936,893
466.319,836
608,812,665
687, 758,687
465,539,215
612.386.281
681, 239,405
465,301,096
616,572,351
680, 438,749
465,101,497
621,076,937
664, 345,446
466,061,374
624,774,899
657, 753,680
466,034,286
628,720,082
653, 698,106
466,129,081
631,952,111
652, 130,237
466.146,361
635,724,395
655, 513,666
466,136.692
641,092,599
657, 966,329
467,135,272
645,831,063
651, 330,762
467,123,984
649,018,758
640, 615,600
464,430,238
653,971,257
627, 490,086
466,934,174
. 658,265,708
626, 177,184
467,257,559
662,606,408
613, 042,879
467,445,066
667,035,144
604, 464.654
467,143,056
672,585,115
592, 089,133
466,500,722
678,722,511
603, 723,903
468,246,178
695,543,342
645, 889,640 •469,397,889
706,690,635
657; 505,880
469,372,202
708,728,107
661 395,851
469,656,138
709,082,760
666, 180,139
470,426,236
708.380. Oil
666, 906,690
470,059,591
707.614.031
469,606,589
670, 023.610
707.161.720
469,852,032
674, 293,180
707,457.028
469,905,154
672, 568,001
707,327.120
468,938,275
668, 087,191
706,605.777
469,629,262
644, 866,968
706,618.677
469,863,744
629, 091,424
706.667,208
470,240,429
620, 026,413
706.424,600
469,837,257618, 293,455
706,854-, 741
470,918,587
623, 792,004
705.386,674
472.153.118
626, 795,276
704.346,423
473.178.763
630, 139.655
704,110,457
473.-318.204
625, 107,730
702,730,128
473.244,315
603, 543,187
702,429,824
473.233.312
607, 161,380
704-,552,316
473.699.442
618, 980,395
705,985,337
475.479,581
623, 109,679
706,204.012
477,832,094
631, 461,408
704.460,451
478,866,145
636, 168,989
703,543,341
478,941,602
641, 132,676
703,615,496
479,916,581
629, 198,579
483.457.881
703.199.230
613 441,575
486.156.207
701,660,926
618; 542,432
486.701,707
700,224,894
609;;820,049
488,540,573
698,169,269
697 ,927,264
489,136,248
697,501,843
598; 956,043
489,864,261
700.582.213
612, 989,590
492,908.993
704,078,323
617, 797,966
494.193,973
703,939,633
622, 672,115
495,203,240
703.354.231
607 ;183,582
496,943,143
6oo; 148,847 498,820,520 702,364.843
701.054,338
1.306,169
595,
501,125,060
703,036,192
603;'821,169
504,187,289
705.324.653
542.801
641,
704,894,740
671, 664,812

$1,661,755,650
1,663,917,317
1,667,631,703
1,671,555,028
1,673,966.841
1,674,739,646
1,670,930,423
1,672,503,487
1,679, 992,059
1,689,625,792
1,698,196,872
1,707,326,102
1,713,221,046
1,714,277,854
1,714,232,773
1,706,406,493
1,681,919,217
1,670,893,622
1,675,037,824
1,686,661,666
1,697,838,059
1,721,502,981
1,734,920, 901
1,748,192,009
1,756,664,942
1.759.306.229
1,761,891,188
1,759,164,901
.1,762,312,196
1,750,523,880
1,748,589,853
1,748,452,474
1,750,211,429
1,757,384,422
1,765,195,620
1,764,297,097
1,756.658,342
1,745,891,581
1,751,377,066
1,742,906,846
1,738,944,754
1,731,817,304
1,748,947,136
1,809,679,060
1,833,594,404
1,839,496,250
1,844,919,027
1,845,711,837
1,847,697,132
1,851,061,489
1,849,867,061
1,845,319,465
1,820,411,020
1,805,339,353
1,796,657,365
1,794,958,484
1,799,484,002
1,802,100,537
1,806,639,196
1,802,396,950
1,779,691,519
1,782,836,519
1,796,766,023
1,802,794,458
1,813,145,001
1,818,461,534
1,823,542,162
1,811,655,677
1,796,557,386
1,803,661,239
1,796,201,150
1.782.798.230
1,784,998,459
1,802,708,051
1,811,740,550
1,819,620,741
1,804,731,786
1,797,716,930
1,793,303,650
1,805,677,881
1,847,992,514
1,880,746,841

214
N o . 44.-

REPORT ON T H E FINANCES.
-ESTIMATED STOCK OF ALL K I N D S OF MONEY AT THE END OF EACH MONTH,

PROM JANUARY, 1890—Continued.
Gold.

.1896—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 .
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
November .
December..
902—January
February...
March
April..
May
June
July
August
.
September .
October....
November .
December..
1903—January
February ..
March
April
May
June
July........
August
Sep
FRASER t e m b e r .

Digitized for


Silver.

Notes.

$686, 256,984 $506.468.797 $703,
702;
692, 947.212 509; 445,647
511, 372,172
700;
697, 855,251
702, 521,724 512; 988.961
698
706, 368,560
613, 541,585
697;
708, 084.485
614, 544,609
696;
701. 929,314 516, 082,520
694;
697, 223.332
516; 365,969
692,
697, 118.880
517' 758,480
69i;
703, 082.728
517; 854,115
712, 660.417
519; 552,128
729, 661.210
522; 355,546
686,
738, 584,008
524, 708,340
684,
745, 037,596
527 003,451
682,
762, 316,476
528; 461,761
678,
757, 948,853
529, 389,872
676,
793, 033,076
530, 971,683
674,
834, 228.646
532, 208,910 675,
857, 273.145
532 788,656
676,
863, 784.929' 534; 293.653
675,
870, 384.447
534 922.473
673,
884, 070.660
535; 821.852
673,
901. 341,264 537 171,717
680,
925, 070,799
539; 076,862. 684,
935, 930,605
540, 100,401
686,
949, 526.013
541 155,172
687
958, 679,680
541; 943.595
685;
966, 396,746
543, 119.631
685;
973,
544, 194,365
162,297
684;
545; 521,631
062,696
683;
546, 432,951
483,605
682;
547' 648,755
68I;
975, 453,939
647 168.823
681
978. 104,707
548; 852.750
68I;
990. 380,153
550, 341,086
68I;
999. 563.565
553; 970,712
679;
1,014. 468,049
554; 580,494
679;
1,018. 133,208
555; 845,062
68I;
1,016, 009,857
11,022, 943,682 557; 392,977 68I;
683,
1.025,,825,162 558, 406,459
703,
|1,034,,203,613 560, 535,902
714
1,043,,525,117 564, 848.474
726,
1,041,,531,374 569, 170,051
1,036,,031,645 673, 519,075 732,
11,063,,518.893 676, 906,972 740,
1,049,,347.994 580, 854,829 741
742;
1,059, 288,820 584, 350,091
586, 757.447
743,
1,080, 027,407
1,099,,184,997 587 603,912 742,
748,
1,108,,541,829 592; 259,981
1,112,,427,728 595, 908,394 751
751
1,117,,032,760 598, 969,196
750,
1,124,,167,697 602, 406,066
604 931,730
749
1,129, 267.647
608; 097,146
748;
1,123, 738,871
6IO; 552,826
748,
1,124, 729,261
612, 538,923
748,
1,135, 970,556
6I5; 490,217
748,
1,147, 836,145
6I7; 158,406
748,
1,160, 353,790
620; 687,168
748,
1,174, 883,624
62i; 000,193
746,
1,171, 839,976
622; 707,998
745;
1,176, 172,153
625; 264,543
743;
1,181, 279,087
627; 466.448 740;
1,178, 031,493
629; 531,249
738;
1,178, 540,790
632; 902,999 •730;
1,183, 652,727
634; 117,278 734;
1.184, 588.889
637; 318.962
733;
1.192, 594,589
638; 908,206
734;
1.193, 925,457
640; 129,759
735;
1,203, 511,751
641, 349,436
740;
1,215, 234,885
752;
1,230, 672,772 644 337,145
646; 638,098 756;
|1,242, 330,766
648, 868,043 755,
1,246, 876,715
650, 109,072 753;
|1,252, 842,475
651 298,746
751
1,258, 046,481
652, 401,435
760;
1.261, 743,201
653, 409,609
768,
11.267, 303,579
654 379,533
773,
1,261, 445,124
655; 822,965
779,
1,262, 731,990
657 107,603
782,
1.255, 749,068
657 720,722 783,
1,267, 733,949
658; 712,348
784,
1,277, 362,651

Aggregate.

215

TREASURER.
No.

45.—ESTIMATED

AMOUNT OP GOLD AND SILVER IN CIRCULATION AT THE END
OP EACH M O N T H , F R O M 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
.lune
July
August
September
October...
November
December.
1894—January . .
February .
March
April
May
June
July
August
September
October...
No.vember
December.
1895—January...
February .
March
April
May
June
July
August
September
October. •..
November
December.
1896—January...
February .
March
April
..
May
June
July
August
September
October...

November
December.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

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, 080,697
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, 688,068
409, 817,138
407, 799,951
410, 769,520
407, 946.944
403, 633.700
416, 909,941
469, 466.368
484, 296.109
498, 121.679
505, 058,Oil
508, 602,811
527, 357.916
496, 830.383
496, 101.956
497,894.733
496, 799.162
497, 873.990
499, 103.577
497,407.686
600, 126,248
500, 181,380
465, 789,187
485, 501,376
506, 189.411
468, 668,100
479, 493,899
111.525
770,430
275,057
485, 778,610
479, 787,653
469, 884,062
475, 181,593
480, 252,104
484, 728,547
499, 262,686
445, 293,591
445; 912,256
464, 225,656
455, 876,439
466; 128,483
445, 293.944
463, 995.969
478; 771.490
616; 340.979
516; 729,882
517; 743,229

Silverdollars.
$59,306
58,372;
57,847;
56,994
56, 348;
56,166,
56, 98i;
58,506;
62,132;
65,709;
67,248,
67,547,
64,818;
63,560,
62,921
61,692;
59,868,
57,683,
58,163
58,558;
60,194,
62,135;
62,697;
62,326;
60,216;
59,264;
68,471;
57,554;
57,096
56,799,
57,031
57,622;
69,569,
61,672,
62,586,
62,822
61,196,
60,432,
59,557
58,835;
68,053,
57,029,
56,223,
61,654,
58,832,
58,725,
68,425,
57,869,
55,735,
54,574,
53,525,
52, 655,
51,952,
61,191,
50,959,
61,512,
64,276;
56,443,
67,449,
57,889;
55,873;
54,649;
53,917;
63,413;
52,812
51,983;
51,746
52,584;
56,146,
58,354,
58,760,
69,205,
56,629,
65,615,
64,792,
53,602,
52,717;
62,175:
61,999;
53,445;
56,513;
68,190,
58.493,
68.681

^^g^ny^r^^^
$54,202,140
53.950.362
53,984,972
53.804,039
53,915,869
64,^69,743
64.284.363
64,948,886
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
68,654.668
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
62,386,518
63,346,937
63,897,139
64,916,209
65,985.408
66, bib, 135
67.327.267
66,540,937
64,021,838
6,6.032.175
66.257.142
66,163.602
65.400.268
64.007,129
64,335,238
64,100,205
64,309,807
65,641,645
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
65.416,119
64,417,685
64,387,136
63,744,061
62.970,303
62.489.507
61,356. 627
59,999,805
59,663,561
59,699,467
60,228,298
61,171,736
61,233,346
62,101,986

Total silver.
$113, 508,777
112, 322,742
111, 832,628
110, 799,016
110, 264.043
110, 236,099
111 265,631
113; 455,560
118, 444.300
123, 351,222
125, 521.324
126,198.177
122, 542.578
120; 906,191
120, 175.012
119, 061.325
117, 721,936
115, 973.966
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
121 620.025
124; 485,312
127 657,863
129; 101,941
130, 150,203
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, 035,626
123, 967,567
123, 724,329
no;844,420
496,458
114, 113,582
113, 780,433
111, 896,941
109, 424,721
109, 210,342
109, 959.363
109, 521,Oil
112; 686,669
no; 056,832
119; 561,176
120; 584,059
117, 589,957
115; 790,903
113 066,719
113; 599,057
112 202,880
112; 279,214
112 675.001
112; 556,070
116, 186,851
122, 176,832
124, 623,612
123, 016.811
121, 260.002
119; 763,055
117, 091.869
116; 074.044
114; 175.803
112; 663.358
111; 145,348
113; 741,476
116; 362,538
119; 727,191
119 683,805
120;

216

REPORT ON T H E F I N A N C E S .

N o . 4 5 . — E S T I M A T E D AMOUNT OP GOLD AND SILVER IN CIRCULATION AT THE END

OF EACH MONTH, PROM JANUARY, 1890—Continued.
Month.
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--J a n u a r y . . .
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...
November
December.
1902—January...
February .
March
April
May
June
July.......
August
September
October...
November
• December.
1903—January...
February .
March
April
May
June
..
July
Aiigust
September




Gold c o i n .
$515, 468,129
516, 315,696
617, 125,757
517, 321,596
620, 221,923
519; 146,676
519., 074,302
52i; 848.563
528; 098.753
539, 273.963
644; 494,748
547, 568,360
651, 584,924
553, 884,882
582, 129,742
617, 038,510
649, 571,881
660, 959.880
645, 246.054
630, 693,166
622, 649,812
649, 846.727
658, 986,513
667; 796,579
696, 987,400
702, 306.269
694; 855,942
701,
724, 077.442
702, 282.177
700, 060.459
372, 256.384
646, 933.192
634, 561,185
650,733
• 627, 480,101
617, 977,830
619, 447.176
612, 333,489
612, 202,698
616, 635,746
618, 624.530
614, 918.991
622', 348.108
620, 695.656
620, 047,309
621, 761,263
624, 702,913
629, 192,678
615,, 676,805
628, 333.957
626, 824,954
629, 240,795
• 628,021,296
630, 407.728
630, 547,325
630, 037,710
631, 201,267
633, 858,471
632, 001,740
635, 374,550
634, 733,847
633, 454,585
636, 194,761
637, 432,952
631, 891,627
632, 394,289
631, 156,433
632, 209,118
664, 728,060
624, 373,645
631, 410,968
629, 680,632
629, 023,915
626, 262.666
622, 002,398
623. 132.460
623, 982.009
621, 311,201
620,
Q20, 879,790
622, 375,159
550,934

Silverdollars.

Subsidiary
silver.

T o t a l silver.

$56,, 361,136 $60,, 889,370 $117,250, 506
.
•
65; 378,762
116,088: 357
S
60,
,709,695
54,
114,753: 812
60,
,246,493
,507,319
113,954; 152
60,
,177,704
;
63:, 776,448
113,314, 083
60,
,.306,988
63;
1,007,095
111,229, 742
59,
,228,540
62;
',.001.202
110,787 004
59,
•,131,282
,655,722
61,
112,021 956
58,
,936,292
53;, 085,664
;
118,322, 185
57:
,145,770
61;,176,415
123,629; 707
1,432,929
. 60;
1,196,778
63;
126,109; 806
,829,046
64,
61;
,280,761
127,211' 381
S
65: 720,308
61'
,491,073
124,434; 236
59;
1,478,293
64;,955,943
123,29i; 715
: 270,811
,
59,
•,020,904
64,
123,181 399
,618,802
68;
1,562,597
64:
123,147; 281
,686,273
1,561,008
58,
64;
121,638; 423
,042,000
57,
,596,423
64,
121,583, 538
,323,747
57;
,259,791
64:
121,287, 793
1,994,457
67,
,293,336
63:,759,523
122,497, 836
57,
,738,313
64;
127,376: 768
1,587,940
60,
1,788,828
66:,878,952
132,316: 207
63,
1,437,255
68;,997,276
133,977; 609
63,
,980,333
69;
135,8II: 371
1,627,818
65;, 183,553
.
7o:,083,516
132,512; 604
63;
1,429,088
69;,143,844
132,279
63,
1,135,375
69,
134,033; 219
,496,609
64,, 536,488
:
69,
133,807, 097
,784,194
64,
,023,325
69 ,044,980
133,479, 519
63;
1,434,217
70,
134,057, 197
,675,682
63;
1,381,751
70,
133,686, 433
,527,873
63,
1,158,273
70,
137,404, 146
1,516,837
64,
,887,236
72,
142,801 073
,045,762
68;
1,755,243
74 ,173,164
147,534 005
,361,740
71,
76,
147,153, 904
.322.965
1,830,223
70,
76:, 651,321
147,071 188
.
1,420,047
70,
76;, 429,413
143,317, 368
.
,888.019
67;
75:, 792,310. 143,932; 432
:
1.139.994
69,
74;
143,440, 304
.,341,322
69,
1,098,949
74;
143,334 271
1,000,817
68;
1,333,834
75,
143,304; 651
,658,587
67,
,645,528
75;
142,723, 115
1,294,050
66,
1,429.476
76;
142.300, 526
1,541.200
65,, 759,341
i
76:.862.649
144,688, 541
66,
1,825,496
77;
150.608, 145
.432.193
71 ,176,265
79; 035,187
154,514 458
,
73,. 479,469
;
81,717.605
155.528, 656
73,
,811.334
81.123,463
159.305, 839
76;
1.182.326
83;
154.295, 789
,979,691
72;
1.315.490
152.513; 181
81 ,437,330
71 .076.367
153.153, 697
1,853,107
81
72:
149,099, 067
•,253,077
1.299.960
148,067; 622
• 943,209
,
68; 846.545
',
146,287, 557
• 700,088
,
1.124,348
68,
• 195, 427 146,784: 981
,
',
66, 687.893
148,8O9; 055
• 788,228
,
,588.628
66,
152,739; 267
,538,117
68,021,039
157,112, 232
1,999,351
71 ,201,115
157,387; 871
,176,421
,113,520
73;
158,301; 158
' 061,094
,
,210,737
73,
155,138, 080
,842,839
,239,986
73,
152,820, 712
,441,791
,295,873
71,
151,871 313
.692.435
,378,522
69,
152,257, 887
.854.599
.179,452
69,
151,514 929
,638.865
•,403.330
69,
164,468, 629
.721.228
1,875,764
68;
155,128 577
..222.459
1,747,349
68;
158,399; 924
• 415.287
.
1,906.465
68;
164,949, 962
.906,205
•
70,. 984,675
169,416 924
.899,715
1,043,719
75;
171,783 873
,082,863
•
77;. 517,158
172,661 775
,350,669
1,700,912
78,
168,346: 003
,,507,814
1,310,334
78;
,990.343
:
262
75;, 838; 448
1,286,445
167,141: 597
,151,254
75,
1,309,566
166,762: 285
,476,840
74,
,867,189
166,296 044
;
73,, 986,478
,298,936
165,284; 398
1,417,209
73,
.246,380
164,506, 106
',207,170
72,
1,870,952
164,814, 734
1,568,354
72,
.867,102
165,829: 964
:
72,, 959,012
170,826 675
>
75;, 959,483

217

TREASURER.
No.

4 6 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK
IN CIRCULATION AT THE END OP EACH MONTH, PROM JANUARY, 1890.

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—.lanuary
February ...
March
April
May
June
July
August
September ..
October
November ..
December...
1893—January
February ...
March
April
May
June
July
August
S e p t e m b e r ...
October
N o v e m b e r ..
December...
1894—January
February ...
March
. April
May
June
July
August
September..
October
N o v e m b e r ..
December...
1896—January
February ...
March
April
May
June
July
August
September..
October
N o v e m b e r ..
December...
1896—January . . . .
F e b r u a r y . ..
March
April
•.
May
June
July
August
September..
October
N o v e m b e r ..

December...

Month.



United States
notes.
$327
326;
332,
330,
326,
323,
322,
327
333;
334
335;
336,

332,
327;
323;
319;
317;
326;
332,
333;
333;
330,
322;
323,
324,
318,
311
311
317,
322,
332,
333,
330:
319:
314;
316:
319;
319;
320;
324;
331;
332;
321
311
302,
299
293;
290;
284
270,
268,
264,
263,
267,
280,
276,
264
256,
261
266;
267,
266,
265,
271
247,
240,
238,
234
230:
245;
240;
232,
237
225,
225,
237,
231
249;
256;
274'
261

Treasury
notes.

Nationalb a n k notes.

$1,375,900
7,106,500
11,467,351
17,219,656
21,896,783
25,101,706
28.871.279
33,921,973
37,020,254
38.112.280
40,463,165
43,684,078
45,748,350
57,205,228
66,473,484
70,983,286
75,296,057
76,038,319
76,718,553
77,605,410
81,501,770
87,068,672
98,051,657
101,756,301
104,114,086
107,001,850
-114,567,423
118,877,559
122,039,656
123,927,346
126,447,613
128,956,781
128,779,103
132,505.183
140.661.694
143.774,138
145,420,209
148.824,199
150.818.582
150,770,406
151,965,267
150,755,402
141,038,766
141,316,855
141,026,114
140,074,690
134,862,009
129,918,527
124,552,440
121,495,374
122,716,396
124,574,906
122,453,781
117,180,225
114,249,700
121,457,600
121,840,500
117,954,807
115,978,708
114,004,381
109,436,662
107,035,426
114,526,669
115,260,322
115,726,769
110,221,185
106,074,550
103,728,966
100,921,025
98,080,506
95,217,361
93,948,532
91,262,624
88,964,047
83,959,764
80,147,901
84,171,221

$188,274,459
187,661,139
186,337,406
185,322,364
183,072,228
181,396,823
179,487,509
178,071,526
176,982,404
175,947,795
174,912,067
173,738,584
168,983, 398
168,452,386
168,119,827
166,171,886
163,661,349
161.922.040
162,241,992
164,312,057
166,090,066
166,445,763
168,151,853
168,427,433
167,176,607
167,829,448
168,644,955
168,067,089
167,427,965
167.306.957
166.595,935
166,033,118
165,085.108
165,224,137
167,786,384
168, 361,365
166,623,083
169,844,260
• 172.267.433
171,770,315
171.920,799
174,731,139
180,134,997
195,822,781
200,875,098
197,745,227
196,139,558
196,181,216
193,335,220
194.839.041
197,116,886
199,082,593
199,724,021
200,754.351
202.643.601
202.025.053
202.546.710
202.594.902
202.517.054
201,845.738
198,964,396
199,889,358
203,091,318
204,760,225
206,579,490
207,047,546
205,729,557
204,738,609
206,833,159
207,364,028
207.668.852
206,653,836
203.086.897
208.551,379
214.205.029
216,602.179
215,285,550
215,331,927
214,096.620
216.798.526
220,804,863
222,002.576
222.335.419
.221,384,148

NOTES

Total.
$515,719,251
514,518,290
518,438,765
516,998,969
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
536,071, 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
694.690.116
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
648,303,639
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
590,352,696
591,325,565
605,785,003
604,002.449
589,061,377
573,143,964
576.127.316
681.484.677
593.994,630
• 591,472,329
588,135,710
591,083,265
561,712,024
554,233,001
560,876.977
557.741.671
553,236,478
559,053,922
655,084,502
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
666,923,127

218
No.

REPORT ON T H E F I N A N C E S .

4 6 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES
IN CIRCULATION AT THE END OP EACH MONTH, FROM JANUARY, 1890—Cont'd.
Month.

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
May
June
July
August
September
October...
November
December.
1901—January . .
February .
March
April
May
June
July
August
September
October...
November
December.
1902—January . .
February .
March . . . .
April......
May
June
July
August
September
October...
November
December.
1903—January...
February .
March
• April
May
June
July
August....
September




1 Uni ted States Treasury
notes. .
notes.

Nationalbank notes.

$82.733,382 $217,766,273
$268,486,236
85,546,621
219.230.343
260 734,616
90,244,810
222,420,183
248 513,640
92,253,627
224,211,934
247 738,136
.86,641,406
224,766,143
248 848,703
226,410,767
83,905,197
248 583,578
81,563,887 225,155,465
252 389,952
83,145,312. 226,075,827
254 432,314
226.464,135
89.816.063
2 1 795,544
5
225.134.263
101.759.955
258 996,998
224.956.210
262 183.000 104.676.398
223,827,755
103,443,936
262 480,927
220,366,293
273 722,410 100,797,666
98,464,430
221.413.230
264 164.186
221.742,388
267 305,58'7. 99,709,432
99,588.970
223.384,790
288 048,318
224,609,636
100.226.855
290 202,987
98.665.580
223,129.703
286 672,329
222,056,642
95.735.553
278 084,187
94.920.654 222,845,926
272 395.581
96.704,283
231.750,720
2 1 660,165
9
96.569,780
234,969,964
306 301,620
95.781, 482 238,109,059
3 1 736,046
1
94,942,741
238,337,729
312 415,738
93,993,753
237,576,019
309 643,158
94,204,459
239,275,723
308 305,398
94,075,701 240,261,430
310 519,117
312 057,405 . 93,559,041 238,877,207
93,101,782 238,117,698
311 095,424
92,605,792 237,832,594
310 647.349
92,168,536
238.048.960
3 1 329.994
1
91,650,632 238.521.489
310 130,42:.
89,957,175 239.731,781
314 954,600
88,893,894 239,067.193
317 264,666
87,441,680
239,835,786
317 811,976
86,934,351 242,001,643
318 269,365
86,016,740 240.885,761
317 500,312
85,946,227 245,739,581
318 341,366
84,650,059
267,157,624
322 802,644
280,050.340
81,791,069
326 832,448
78,636,759
294,057.570
322 752.949
76,247,497
300,161,552
316 614,114
72,855, 940 311,097,165
317 910,951
69,890,651
314,627,523
317 956,971
319,336,630
67,600,188
324 506,314
66,478,460
325,375,258
333 295,061
63,361,330 326,949,170
333 669.359
61,230,159
332,188,526
334 587.495
58,091,831
333,360,391
333 054.404
55,«57,327
338,593.012
335 421.722
53,728,232 341.155.427
336 889.481
51,795,097
343,725,282
337 610,118
49,677,284
343,341,849
334 483,382
47,540,245 • 345,126,521
332 468,013
45,915,905
346,901,722
332 820,699
44,300,417
347.773,315
333 976,624
349,318,214
42.944,781
338 029,866
41.384.614
351,674,562
338 781.028
40.012.622
361.363,074
339 341,095
38.439.737
349.856,276
341 166,386
37.443.624 346,437,662
335 681,645
36,168,390
347,570,246
335 402,730
33,881,119
348,336,174
336 693,845
32,548,573
348,004,681
338 108,114
144,737
31,142,677
347,630,020
338
29,802,776
345,476,616
334 291,722
28,636,585
346,046,965
337 428.669
27.622.75) 346,557.379
341 141.774
26.741.79) 352.383,259
342 930,08)
25.748,278
367,007,482
343 639,082
783,541
24,922,515 371.552.496
343
23,920,426
368,678,531
343 770,858
22.865.478
362.404.253
340 207,513
22,125,099
366.787,559
342 392,793
21,420,172
372.785,854
344 274,682
20,670,740
381,306,122
342 073,249
19,866, 742 395.090,918
340 109; 538
19,076.648
399,996.709
334 248,567
18.467. 578 401,397, 500
335 195,565
17.850,254 399,384.930
335 377,568
3b6, 378,769
17,335.208
404,906.698

Total.
$568.985,
565,511,
561.178.
564,203,
560,256,
558,899,
559,109,
563,653,
568,075,
585,891,
591,815.
689,752,
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,
730,716,
729,462,
719, 562,
718,141,
718,910,
718,661,
716,917,
709,571,
712,111,
715,321,
722,055,
736,394,
740,258,
736,369,
725,477,
731,305,.
738,480,
744,050,
755,067,
753,321,
755,060,
752.612,
758.619.

219

TREASURER.
'Xo.

4 7 . — G O L D
IN

CERTIFICATES,

CIRCULATION

1890—January
February ...
March
April
May
,
June
July
August
September.
October
N o v e m b e r ..
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
,...
Jurie
July
August
September.
October
November .
December..
1895—.lanuary . . .
February ..
March
April
May
June
July
August
September.
October —
November .
December..
1896—January
February ..
March
April
May
June
July
August
September.
October
Novembe
 r .
December..

SILVER

AT THE END

Month.



CERTIFICATES,

OP EACH

MONTH,

Gold.
certificates,

AND

CURRENCY

PROM JANUARY,

Silver
certificates.

Currency
certificates.

CERTIFICATES
1890.

Total.

657,169 $281,331,771
$11,630,000
$431,618,940
284,176,262
10,230,000
130. 604,804
425,011.066
290,605,562
7,660,000
134. 938,079
433.203.641
292, 923,348
8,795,000
134. 642,839
436.361.187
9,855,000
130. 788,399
436.299.482
294.656.083
11,830,000
131. 380,019
440,420,062
297,210,043
11,820.000
132, 444,749 • 298, 748,913
443,013,662
8.820.000'
124, 382,539
436,673,749
303,471,210
6,990,000
168, 104,739
474,415,946
309,321,207
6,910, 000
138, 173,979
453,290.156
308,206,177
6,270,000
131, 316,499
446,162,998
308,576,499
6,810,000
144, 047,279
469,146,742
308,289,463
11,360,000
155, 839,449
471,043.535
303,844,086
12,270,000
147, 119,129
463,211,388
303,822,259
11,145,000
144, 317,069
465,094, 604
309,632,535
14,000,000
138, 890,799
465,824.239
312,933,440
17,750,000
122, 124,339
450.415,717
310,541,378
21,365,000
120, 850,399
449,679,547
307.364.148
27,265,000
115, 715,389
450.271,503
307,291,114
'28,455,000
108, 273,079
454,316,400
317,588,321
17,845,000
112, 451,569
452,313,056
322,016,487
10,765,000
136, 100,319
468.007.961
321,142,642
9,765,000
142, 649.969
473,288,579
320,873,610
9,265,000
148, 106.119
478,188,687
320,817,568
16,760,000
163, 178,959
500,077,266
320.138.307
29,350,000
160, 001,279
514.492,465
325,141,186
29,840,000
154, 329,229
509,852,378
325.683.149
30,210,000
153, 713, 699
511,213,595
327,289,896
33,730,000
157, 295,209
618,315,374
327,290,165
29,830,000
141, 235,339
497,946,142
326,880,803
26,720,000
136, 861,829
490.918.652
327,336,823
22,210,000
128, 387,379
478.886,524
328,289.145
17,290,000
121, 210,399
465, 350,226
326,849,827
• 10,550,000
120, 255,349
455,357,881
324,652,532
8,230,000
123; 188,809
454.883.642
323,464,833
•7,100,000
117: 093,139
446.228.150
322,035, Oil
14,450,000
120, 645,819'
458.288,479
323.192, 660
19,250,000
114, 388,729
454,917,861
321,279,132
16,670,000
111; 485,009
322,958,953
451.113.962
15,840,000
105; 272,029
321,707,726
442,819,755
16, 955,000
101; 469,969
322,115,592
440,540,661
11,935,000
92 970,019
326,489,165
431,394,184
330,188,390 • 7,855,000
425,654,419
87: 611,029
5,605,000 . 412,225,385
326,206,336
80; 414.049
8,200,000
324,956,134
412,782,733
79; 627.599
22,325,000
325.717,232
426,931,541
78, 889,309
33,205,000
328,421,997
439,790,076
78, 163.079
39,045,000
329.645,650
446.002,829
77, 412,179
44,935,000
330.161.308
452,111, 727
77, 015,419
47,805,000
331,119.247
449,859,976
70, 935,729
52,720,000
329.447.264
452,474,173
70, 306,909
57,270,000
330.305,980
457,566,429
69, 990,449
59,250,000
329,959,959
458,584,508
69, 374,649
58,935,000
327,094,381
452,373,790
66, 344,409
61,695,000
324.491.738
452,133,967
66, 947,229
58,065,000
326,217.977
448,951,946
65, 668.969
55,755,000
330,620,719
461,066,158
64, 790.439
54,045,000
331,143,301
449,440,370
64, 262.069
57,135,000
332.317.084
448,377,983
58, 925.899
47,005,000 . 431,444,693
331,077,784
63, 361.909
37,625,000
326,467,272
416,740,081
. 62, 647.809
36,925,000
325,816,415
414,249,184
51, 507,769
36,825,000
323,746,756
409,414,945
48, 843.189
37,295,000
323,215,271
409,261,280
48, 761.009
48,245,000
321,553,171
418,337,740
48, 539,569
381,569
65,405,000
319,731,752
423,618,321
117,579
66,920,000
320,356,118
425,392,697
081,089
76,555,000
323,772,261
449,408,350
645,539
63,840,000
330,434,837
444,920,376
417.659
56,740,000
333,456,236
440,613,895
233.979
45,935,000
335,855,893
432,024,872
936.439
31,605,000
336,076,648
417,618,087
847.849
28,925,000
331,614,339
410.387.188
733,019
32,826,000
332,645,943
409,103,962
239,249
34,460,000
337,032,426
414,731,675
052,659
32,930,000
338,834,413
414,816,972
961,909
33,430, OQO
336,313,080
412,704,989
320,759
31,840,000
331,259,509
405,420,268
293,479
41,540,000
331,666,671
412,490,160
867,639
38,395,000
346,739,894
423,002.533
736,639
34,305,000
354,431,474
427.473.113
197,309
32,465,000
357,777,122
428,439,431
016,749
38,470,000
356,312,121
432,798,870
887,439
50,330,000
356,655,800
444,873.239

220

REPORT ON T H E F I N A N C E S .

N o . 4 7 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY

CERTIFICATES

IN CIRCULATION AT "THE END OP EACH MONTH, PROM JANUARY, 1890—Continued.
Month.
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
May
...
June
July
August
September
October...
November
December.
1901—J January . .
February .
March
April
May
June
July
August
September
October...
November
December.
1902—January . .
February .
March
April
May
June
July
August
September
October...
November
December.
1903—January...
February .
March
April
May
.-.
June
July
August
September




Gold
certificates.

Silver
certificates.

Currency
certificates.

$65,350,000
$37,586,629 $361,336,533
76.525.000
37,64^:, 819 363.70<.501
364,026,153
74,460.000
37,466,339
363,763,939
37,421,999
69,905,000
37,387,829
362,768,808
65,785,000.
37,285,919
358,336,368 1 61.130,000
357,938,650
37,226,879
62,335,000
37,017,789
367,863,337
63,275,000
36,898,559
374,620,299
52,825,000
36.814,109
372,838,919
48.286.000
36,725,409
373,298,967
48.640.000
376,696,592
36,567,689
43,315,000
373.515,940
36,494,759
49,075,000
36,440,789 . 380,287,427
48,430,000
36,319,199
387,770,898
37,900,000
35,951,999
392,686,574
26,915,000
35,883,209
391,225,265
26,540,000
35,820,639
390,669,080
26,045,000
35,693,679
389,119,436
21.975,000
35,473,009
392,990,373
20,280.000
36,393,909
393,425,735
17.635,000
35,338,909
391,177,675
20.055,000
35.280,649
392,818,146
20.190,000
35,200,259
392,33:, 996
20,465,000
33,039,939
392,337,684
22.170.000
32,966,839
396,400,705
23.105.000
32,892,649
398,87^,006
22.335.000
32,845,029
400,379,249
21.265.000
32,786,189
401,298,642
21,340,000
32,656,269
401,869,343
20,865,000
32,693,789
403,088,395
19,955,000
68,688,989
403,632,345
19.170.000
98,673,559
400,153,881
16.870,000
127,593,619
394,976,239
13.735,000
150,908,202
394,292.800
13,605,000
161,122,797
395,040,816
11,980,000
184,882,889
14,580,000
396,519,045
181,266.337
16,270.000
400,103,487
173,642.851
403,043,359
14.335.000
197.627,409
407,193,810
7.260.000
204,049,299
408,477.649
4,785,000
200,555,469
408,499,347
3,705,000
207,603,409
410.557.294
2,680,000
210,388,369
415.875.727
2,560,000
209,110,349
420,265,735
1,820,000
215,595,969
421,.380,746
1,780,000
231,246,346
421,613,407
1,690,000
232,787,929
422,399,403
1,560,000
275,667,279
419,739,322
995,000
267,648,739
422,340,690
995,000
248,286,099
427,206,320
253,259,799
430,573,522
251,285,329
429,620,818
246,715,739
429,640,738
255,467,399
431,050,769
259.342.649
433,65(^,842
277,517.169
435.437,962
441,810,337
281.678.659
282,298,349
447,852.192
449,492,892
277,997,069
307.504,839
443,011,480
305,755,699
443,797,296
298,487,979
447,582,592
303,274,489
449,123,504
306,142,869
447,949,416
306,399,009
446,557,662
314,764,019
447,445,542
306,644,939
452,357,023
304.382,054
459,571,478
342,756,194
463,170,438
345,952,024
463,304,840
346,418,819
463,570,632
376,034,814
456,856,599
373,132,044
457,15^.583
362.924.999
461,587.553
381,631,459
459,243,646
381,254,489
456,586,731
377,258,559
454,733,013
386,369,399
464.893.932
394,155,919
455.928.384
394,097,669
458,522,216

Total.
$464, 273, 162
477, 779, 320
475, 942,492
471 080,938
465, 941, 637
456 752,287
457 500,529
468 156, 126
464 343,858
457 938, 028
458 664,376
456 568,281
459 085,699
465 158, 216
461 990,097
455 553, 573
453 648, 474
452 524, 719
446 788, 115
448 743, 382
446 454, 644
446 571, 484
448 288,795
447 997,264
447 547, 623
452 472, 544
454 101, 655
464 489,278
455 424, 831
455 380, 612
455 637,184
491 491,334
514 697,440
536 304, 758
558 806,002
568 143, 613
595 981, 934
596 639,824
591 021, 210
611 981,219
617 311, 948
612 759,816
620 840, 703
628 824, 096
631 196,084
638 756,714
654 549, 753
656 747, 332
696 401,601
680 884, 429
675 492,419
683 833, 321
680 906,147
675 356,477
686 518, 168
692 893,491
712 955, 131
723 488, 996
730 150, 541
727 489, 961
760 516, 319
749 552, 995
746 070, 571
762 397, 993
754 092, 285
752 956,671
762 209,561
759 001, 962
763 953,532
805 926, 632
809 256,864
809, 989, 461
832 891,413
830 286, 627
824 612, 652
840 875,105
837 841, 220
831 991, 572
841 263, 331
850 084, 303
852 619, 876

221

TREASUEER.
No.

4 § . — E S T I M A T E D AMOUNT OF ALL K I N D S OF MONEY IN CIRCULATION AT THE
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
April
May
June
July
August
September..
October
November..
December ..
1891—January
February...
March
April
May
June
July
August
September..
October
November..
December ..
1892—January
February...
March
April
May
June
July........
August
September..
October
November..
December ..
1893—January
February...
March
April
May
June
July
August
September..
October
November..
December..
1894—January
February...
March
April
May
June
July
August
September..
October
November..
December..
1895—January
February...
March
April
May
June
,
July
August
September.,
October
November..
December.,
1896—January
February..,
March
April
,
May
June
July
,
August
September.
October
 r . ,
Novembe
December .



Gold.
$374, 937,316
373, 507,203
373, 624,488
374, 310,922
375, 246,356
374, 396,381
376, 114.196
379, 053,187
386, 939,723
400, 378,130
405, 105,897
41i; 080,597
409, 441,335
408, 752,874
468,850
862,781
406, 661,860
408, 073,806
407, 630,012
406, 745,336
408, 333,304
406, 770.367
406, 931,402
407, 999,180
407, 833,022
407, 813,601
407, 614,418
407, 616,949
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, 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
121,679
058,011
602,811
627, 367,916
496, 830.383
496, ,101,956
497, ,894,733
496, ,799,152
497, ,873,990
499, ,103.677
497, ,407.686
500, ,126.248
5oo;,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
•476, 181,693
480,,262,104
484, 728,547
499, ,262,686
445,,293,591
446, 912,256
454; 225,656
456, 876,439
456, 128,483
446,1,293,944
463, 995,969
478, 771,490
516, 340,979
516,', 729,882
517, 743,229

Silver.

Notes.

$113,508,777 $515,719,251
112,322,742
514,518,290
111,832,628
518,438,765
110,799,016
515,998,969
110,264,043
510,006,445
110,236,099
604,443,649
111,265,631
502,185,113
113,455,660
506,734,731
118,444,300
518,004,630
123,351,222
521,832,899
125.521.324
527,707,019
126,198,177
532,310,752
122,542,578
622,410,612
120,906,191
525,328,516
120,176,012
536,071,998
535,376,758
119.061.325
629,092,375
117,721,936
115,973,966
526.099.477
115,927,343
525,818,634
117,113,365
527,756,843
119,858,621
550,026,495
124,240,597
565,473.236'
125,542,641
572.499.448
125,103,021
577.490.841
122,632,601
673.312,239
121,573,237
565,679.689
121,019,397
570.155,327
120,387,980
574.354.720
119,833,259
572,949,939
119,186,002
677,173,464
120,378,799
680,204,614
121,520,025
587,695,624
124,485,312
594,690,116
127,657,863
611,871,794
129,101,941
620,436,820
130,150,203
621,334,561
127,737,325
610,244,567
124,463,928
610,466.615
125,5«9,365
618.017.628
125,092,525
620, 356,635
124,217,091
623,448.305
122,430,Oil
636.268,516
120,231,118
648,303,639
125,989,868
672,881,060
122,932,873
681,928,203
123,036,625
670,456,837
123,967,667
658,178,636
123,724,329
650,688,297
116,844,420
643,469,448
114,496,458
629,488,335
113,113,682
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
117,684,059
573,143,964
115,589,957
676,127,316
113,790,903
681,484,677.
113,066,719
593,994,630
112,599,057
591,472,329
112,202,880
588,135,710
112,279,214
591,083,265
112,675,001
661,712,024
116,556,070
564,233,001
122,186,851
560,876,977
124,176,832
557,741,671
123,623,612
553.236.478
121,016,811
559,053,922
119,260,002
555,084,502
117,763,055
550,222,477
116,091,869
654,872,585
114,074,044
638,928,811
112,175,803
536,000,646
111,663,358
545,455,690
113,145,348
539,025,784
116,741,476
659,316.210
119, 362,538 562.912.666
119,727,191
677.188.803
120,683,805
566.923,127

Certificates.

Total.

$431,618, 940 $1,435, 784.284
425,011, 066
1,425, 359,301
433,203, 641
1,437, 099.622
.436,361, 187
1,437,470.094
435,299, 482
1,430,815,326
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
463.290: 156
1,498,852,407
446.162; 998
1,604, 497.238
459.146 742
1,528: 736,268
471,043; 535
1,525; 438,060
463,211; 388
1,518; 198,969
465,094; 604
1,529, 810;464
465,824; 239
1,529; 125.103
450,415, 717
1,603, 891,888
449,579, 547
1,499; 726.795
450,271 503
1,499, 647,492
454.316, 400
1,505: 931,943
452,313 056
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, 658.892
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, 655,642
451,113, 962
1.602, 520.806
442,819, 755
1,599,028,335
440,640; 561
1,596,151.901
431,394; 184
1,593, 726.411
425,654; 419
1,611,099.017
412,225, 385
1,680,562.671
412,782: 733. 1,701,939.918
426,931; 541
1,718,544,682
439,790; 076
1,726,994,290
446,002, 829
1,729,018,266
452,111; 727
1,739,783.511
449,859; 976
1.690,675.152
452,474; 173
1,690,714,808
457,666; 429
1.691, 793,990
468,684, 508
1,675, 669,401
452,373, 790
1,664, 061,232
452,133, 967
1,657, 574.239
448,951 946
1,646, 671,481
451,066: 158
1,656,038,982
449,440, 370
1,672, 093,422
448,377; 983
1,637, 226,451
431,444; 693
1, 626,568,622
416,740; 081
1,613, 657.515
414,249: 184
1,574, 634.557
409,414 945
1,584, 184.424
409,26i; 280
1,599, 434,154
418,337; 740
1,606, 179,556
423,518: 321
1.604, 131.968
425,392 697
1,614, 533.786
449,408; 350
1.603, 583.028
444,920, 376
1,685, 593,509
440,613, 895
1,598: 859,316
432,024, 872
1,594: 195,479
417,618, 087
1,579: 206.724
410,387 188
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
4.12,704: 989
1.521 ; 584.283
405,420: 268
1.6O9; 725.200
412,490: 150
1,514,
,903.142
423,002; 633
1.539, 169,634
427,473; 113
1,582, 302,289
428,439, 431
1.627 ;055,614
870
432,
1,646; 444,746
444,873; 239
1.650, 223,400
\

222
No.

REPORT ON T H E F I N A N C E S .
4 8 . — E S T I M A T E D AMOUNT OP ALL K I N D S

OF MONEY IN CIRCULATION AT THE

END OF EACH MoNTH, PROM JANUARY, 1890—Continued.
Month.
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
May
June
'..
July
August
September.
October
November.
December .
1901—January . . .
February..
March
April
May
June
July
August
September.
October
November.
December .
1902—January . . .
February..
March
April
May
June
July
August
September.
October
November.
December .
1903—January...
February..
March
.
April
May
June
July
August
September.




Silver.
$515 468,
516 315,
517 125,
517 321,
520 221,
519 146,
519,074,
521,848,
528,098,
539,273,
544,494,
547,568,
551,584,
553 884,
582,129,
617 038,
649 571,
660 959,
645 246,
630,693,
622,649,
649,846,
658 986,
667,796,
696 987,
702 305,
694 855,
701 077,
724 282,
702 060
700 256
672 933
646 5 1
6
634 650
627 480
617 977
619 447
612 333
612 202
616 535
618 624
614 918
622 348
620 696
620 047,
621 761,
624 702
629 192
615 576
628 333,
626 824
629 240,
628 021,
630 407,
630 547,
630 037,
6 1 201,
3
633 858,
632 001,
635 374,
634 733,
633 454,
635 194,
637 432,
631 891
632 394
631 156,
632 209
624 728,
624,373,
631,410,
629,680,
629,023,
625,262,
622,002,
623,132,
623,982,
621,311,
620,879,
620,375,
622,550,

Notes.

Certificates.

Total.

$117 250,506 $568,985,891 $464.273.162 $1,665,977,
477.779,320
1,675,694,
116 088,357 565,511,580
475,942,492
1,669,000,
114 753,812 661,178,633
471,080,938
1,666,560,
113 954,152 564,203,697
1,659,733,
113 314,083 560,256,252 465,941,637
1,646,028,
111 229,742 558,899,542 456,752,287
1,-646,471,
110 787,004 559,109,304 457,500,529
1,665,680,
112 021,956 563,653,453 468,156,126
464,343,858
1,678,840,
118 322,185 568,075,742
1,706,732,
457,938,028
123 629,707 585,891,216
458,664,376
1,721,084,
126 109,806 591,815,608
1, 721,100,
456,568,281
589,752,618
8
127 211,3 1
459,085,699
1,729,991,
124 434,236 594,886,369
465,158,216
1,726,376,
123 291,715 584,041,846
461,990,097
1,756,058,
123 181,399 588,757,407
455,653,573
1,806,761,
123 147,281 611,022,078
453,648,474 1,839,898,
121 638,423 615,039,478
1,843,435,
683,538 608,367,612 452.524,719
121
446.788.115 • 1,809,198,
121 287,793 595,876.382
122 497,836 590.162.161 . 448,743,382 1,792,096,
446,454.644 1,816,596,
127 376,768 620,115,168
1,866,575.
132 316,207 637.841.364 446.571,484
1,886.879.
133 977,609 645.626, 587 448,288,795
1.897.301,
135 811,371 645,696.208 447,997,254
1,918,260,
132 512,604 641,212,930 447,547,623
452.472,644 1,928,842,
132 279,219 641,785,680
1.927.846,
134 033,097 644.856.248 454,101,655
454,489,278 • 1,933.867,
133 807,519 644,493,653
1;955,501,
133 479,197 642,314,804 455,424,831
455,380,612
1,932,484.
134 057,433 640.985.735
455,637,184 1,931,117,
133 686,146 641.637,490
1,942,131,
137 404,073 640,302,542 491,491,334
514,697,440
1.948.703,
142 801,006 644,643,556
536,304,758
1,963.716,
147 534,904 645,225,763
558,806,002
1,978,52>^,
147 153,188 646,089,442
568,143,613
1,980,398,
147 071,368 647,205,359
595,981,934 2,003,149,
143 317,430 644,402.813
143 932,304 650.026,174 596,639,824 2,002,931,
591,021,210
2,021,274,
143 440,271 674,610,327
611,981,219
2,060,625,
143 334,651 688,673,847
2,074,687,
617,311,948
143 304,115 695.447.278
612,759,816
2.062.425.
142 723,526 692.023,163
620.840. 703 2,087,353,
142 300,541 701,864,056
2,096,683,
144 688,145 702,476,145- 628.824,096
631,196,084
2,113.294.
150 608,458 711.443,132
164 514,656 724,148, 779• 638,756,714 2,139,181,
654,549,756
2,158,761,
155 528,839 723,979,859
159 305,789 728,006.180- 656,747.332 2,173,251,
696,401,601
2,190,780,
154 295,181 724,506,626
679,889,429
2,190,609,
152 513,697 729.872.061
675,492,419
2,187,243,
153 153,067 731.773,140
683,833,321
2,195,304,
149 099,622 733.130.497
680,906,147
2,184,497,
148 067,557 727.502,515
.146 287,981 725.134,779
675,356,477
2,177,186,
2,-189,487,
146 784,055 925,638, 326 686,518,168
692,893,491
2,197,789,
148 809,267 726,049.356
712,955,131
2,227,188,
152 739,232 730,292,861
2,246,300,
157 112,871 731.840,204 723,488r'996
730,150,541
2,250.256,
167 387,158 730.716,791
727,489,961
2,250, 627,
158 301,080 729,462.399
2,259,951,
155 138,712 719.562.-831 750,516,319
749,652,995
2.253.969,
162 820,313 718.141.366
746,070,671
2,252,047,
151 871,887 718,910,138
752,397,993
2,260.750,
152 257,929 718,661,368
2; 254,415,
151 514,629 716,917,434 754,092,285
752,956, 671 • 2,249,390,
154 468,577 709,571,014
762,209,561
2,260,606,
165 128,924 712,111.219
759,001,962
2,264,932,
158 399,962 715.321,903
763,953,632 2,275,686,
164 949,924 722,055,135
169 416,873 736,394,842• 805,926,632 2,336,111,
809,256,864 2.352,710,
171 783,775 740,258,651
809,989,451
2,348,700,
172 661,003 736,369.816
2,356,738,
168 346,262 725.477,244 832,891,413
830,286,627
2,353,996,
167 141,597 731,305,451
738,480,708 824,512,552
2,351,757,
166 762,285
2,374,353,
166 296,044 744,050, 111• 840,875,105
837,841,220
2,382,174,
165 284,398 755,067,198
2,371,130,
164 606,106 753,321,924 831,991,572
2,382,018,
164 814,734 765,060, 643 841,263,331
2,388,902,
165 829,964 752,612,752 850,084,303
2,404,617,
170 826,585 758.619, 675 852,619,875

TREASURER.

223

N o . 4 9 . — E S T I M A T E D AMOUNT OF GOLD AND GOLD CERTIFICATES, SILVER AND
SILVER CERTIFICATES, AND NOTES AND CURRENCY CERTIFICATES IN CIRCULATION
AT THE END CP EACH MONTH, PROM JANUARY, 1 8 9 0 .
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- - . l a n u a r y . . .
February ..
March
April
May..
June
July
August
September.
October
November .
December..
1895—January . . .
February ..
March
April...
May
June
July
August
September.
October
November .
. December .
1896—Janu a r y . . J.
February...
March '
April
. May
June
July
August:....'
September .
October
Digitized for N o v e m b e r . .
FRASER

\



S v and
N t a d
Gold a n d g o l d s i l i le re rcertifi- c u r oe e s y ncerv
r nc
certiticates.
cates.
tificates.

Total.

$513, 594,485 $394,840,548 $527,349,251 $1,435,784,284
396,499,004 624,748,290 1,425,359,301
504, 112,007
508, 562,567 402,438,190 626,098,765 1,437,099,522
403,722,364 524,793,969
1,437,470,094
508, 953,761
619,860,445 1.430,815.326.
506, 034,755 404,920,126
605, 776,400 407,446,142 516,273,649 . 1.429.496.191
507, 558,945 410,014,544 514,005,113 1,431,578,602
503, 436,726 416,926,770 515,554,731 1,435,917,227
524,994,630 1,497,804,699
545, 044,462 427.765.507
528,742,899
1,498,852.407
538, 552,109
431,557,399
1,504,497,238
536, 422,396 434,097,823 533,977,019
539,120,752 1,528, 736,268
655, 127,876
434,487,640
565, 280,784 426,386,664 633,770,612 1,525,438,060
1,518,198,969
555, 872,003 424,728,450 537,598,516
1,529,810,464
552, 785,919
429,807,647 547,216,998
547, 753,580 431,994,765 549,376,758 1,529,125,103
1,503.891.888
528, 786,199
428,263,314 546,842,375
547,464,477
1,499,726.795
528, 924,205 423,338,113
523, 345,401 423,218,457 553,083,634 1,499.647,492
556,211,843
1,505,931,943
515, 018,414 434,701,686
1,530,531.476
520, 784,873 441,875,108 567,871,495
576,238,236
1,564,492.161
642, 870.686
445,383,239
682,264,448
1,577.262.070
648, 581,371
446,416,251
586,756,841 1.588.781.729
556, 105,299 445,920,589
590,072,239
1,603,855,128
571, 011,981
442,770,908
595,029,689
1,609,558,892
567, 814,780 446.714.423
599,995,327 1,608.641.520
56i; 943.647 446,702,546
604,564,720
1,613,572,244
561, 329.648
447,677,876
1,620,010.229
566, 206,866
447.123.424 606,679.939
607,003.454 1.603.073,338
550, 003,079 446,066,805
606,924,514 1,601,949,325
547, 309,189
447,715,622
539, 541,790 449,809,170 609, 905,624 1,599,256,584
611,980.116
1,596,049,983
532, 734.728 451,335.139
622,421,794 1, 606,139,736
531, 507.546. 452,210,395
533, 556,672 462,566,774 628,666,820 1,614,790,266
1,610,683.874 •
530, 064,099
452,185,214 628,434,561
624,694,567 1.607.958.439
532, 333,887
450,929,985
629,716,615 1.599.655.542
524, 205.867
445,733,060
634,687,528
1.602,520,806
519, 284.960 448,548,318
636,196,535
1,599,028,335
516, 031.549 446,800,251
64O,.403,305 1,596,151,901
509 415.913
446,332,683
648,203,516
1,593,726,411
496, 603.719
448,919,176
656,158,539
1,611,099,017
504, 520.970 450.419.508
678,486,050
1,680,562,671
549, 880.417
452,196,204
1,701,939,918
563, 923,708 447,888,007 690,128,203
1,718,544,682
577, 010,988 448,752,857 692,780,837
691,383, 636 1,726,994,290
583, 221.090
452,389,564
689,733,297 1,729,018,266
586, 014,990
453,269,979
688,404,448
1,739,783,511
604, 373,335
447,005,728
677,293,335
1,690,675,152
567, 766,112 445,615,705
681,745,097 1,690,714,808
566, 408,865 442,660,846
681,822,395 1,691,793,990
567, 885,182 442,086,413
669,638,800 1,675,669,401
566, 173,701 439,856,900
1,664,061,232
564, 218,399
436,519,102 663,323,731
658,821,353
1,657,574,239
565, 050,806
433,702,080
648,417,596
1,646,671,481
563, 076,555 435,177,330
647,080,565
1,655,038.982
664, 916.687
443,041,730
1.672.093,422
564, 433,449 . 447,829,970 659,830,003
661,137,449
1,637,226,451
524, 715,086
451,373,916
636,066, 377 1.626,568,622
538, 863,285
451,638.960
610,768,964 1,613,657,515
558, 837,220 444.051.331
1,574,534,557
520, 075,869
441,406, 372 613,052,316
618,309,677
1,584,184,424
528, 337,088
437.537.659
631,289,630 1,599,434,154
531, 862.534 436,281,990
639,717,329
1,606,179,566
532, 309,999
434,152,228
1,604,131,968
528, 656,626
431,934, 632 643,540,710
648,003,265
1,614,533,786
533, 896,189
432,634,332
638,267,024
1,603,583,028
528, 868,742
436,447,262
1,585,593,509
520, 529,601 446,990,907 618,073,001
625, 599,252 455,643,087 617,616,977 1,598,859,316
1,594,195,479
530, 486,083
460,032, 725 603,676,671
534, 664,986
459, 700, 260 584,841,478 1,579,206,724
587,978,922 1,589,720,607
549, 110.535 452.631.150
587,909,502 1,528,742,057
489, 026,610 451,805,945
584,682,477 1,528,629,463
489, 151,505 454,795.481
587,802,585
1,540,007,082
497, 278,215 454.926,282
572,358,811
1,521, 584,283
838,348 450,387,124
567,840,646
1,509,725,200
443,435,312
449,242
586,995,690
1,514,903.142
443,320,029
484, 587,423
577.420.784 1,539,169; 634
458,885,242
602;;863, 608
593,621,210
1,582,302.289
471,172.950
517, 508,129
595,377, 666 1.627,055,614
554,,538,288 477.139.660
554 746,631
476,039,312 616,658,803 1,646,444,746

224
No.

REPORT ON T H E F I N A N C E S .
4 9 . — E S T I M A T E D AMOUNT OF GOLD AND * GOLD CERTIFICATES,
SILVER CERTIFICATES, ETC.—Continued.

Month.
1896—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
May
June
July
-..
August
September .
October
. November .
December..
1901—January
February...
March
April
May...
June
July
August.
September.
October
November
December..
1902—January
February . .
March
April
May
c
June
July
August.:...
September.
October
November .
December..
1903—January.:..
February . .
March
April
May
June
July
August
September.
for FRASER

Digitized


Notes and
Goldandgold Silver and
certificates. silver certifi- currency certificates.
cates.

SILVER AND

Total.

$556,630,668 $477.339,605 $617.253,127 $1,650,223,400
663,054,758 t 478,587,039
634,335,891
1,665,977,688
553,860,515
479,797,868
642.036.580
1,675,694,953
564,682,096
478,779,965
635.638,633
1,669,000,694
564,743,595
477,708.091
634.108,697
1,666,560,383
557,609,752
476,082,891
626.041.252
1,659,733,895
656,432,594
469,566,110
620,029.542
1,646,028,246
556,301,181
468,725,654
621.444,304
1,646,471,139
558,866,352
479,885,293
626,928,453
1,665,680,098
.564,997,312
492,942,484
620,900,742
1,678,840,538
676,088,062
496,468,626
634.176,210
1,706,732,904
581,220,157
499,408,773
640,455,608
1,721,084,538
584,126,049
503,906,973
633,067,618
1,721,100,640
688,079,683
497,950,176
643,961,369
1,729,991,228
690,325,671
503,579,142
632,471,846
1,726,376,659
618,448,941
510,952,297
626,657,407
1,756,058,645
662,990,509
515,833,855
637,937,078
1', 806,761,442
685,456,090
512,863,688
641,579,478 , 1,839,898,256
696.780.619
512.242,618
634,412,612
1,843,436,749
680.939,733
510.407,229
617,851, 382
1,809,198,344
666,166,175
515,488,209
610,442,161 .1,792,096,545
658,043,721
520,802,503
637,750,168
1,816,596,392
685,186,636
523,493,782
657,896,364
1,866,575,782
694,267,162
526,795,755
665,816,587
1,886,879,504
702,996,838
528,143,366
666,161,208
1,897,301,412
730,027,339
524,850,288
663,382.930
1,918,260,557
735,272,108
528,679,924
664,890,580
1,928,842,612
727,748,591
532,907,103
667,191,248
1,927,846.942
733,922,471
534,186,768
665,758,653
1.933,867.892
757,068,366
534,777,839
663,654,804
1,965.601,009
734,716,728
536,926,776 ' 661,840,735
1,932.484.239
732,850,173
536,774,541
661,492,490
1.931.117.204
741,622,181
641,036,418
659,472,542
1.942.131.141
746,234,744
542.954,886
660,513,556
1.948,703,186
762,244,252
542,511,143
658,960,753
1,963,716,148
778,388,303
541,446,988
658,694,442
1,978.528.733
779,100,627
642,112,184
659,185,359
1.980,398,170
804,330,065
539,836.477
658,982,813
2.003,1.49,355
793,699,826
544,035,791
665,296,174
2.002,931,791
786,845,649
546,483,630
688,945^327
2,021,274.506
814,063,155
550,528,461
695,933,847
2,060,525.463
822,673,829
551,781,764
700,232.278
2.074,687,871
815,474,460
561,222,873
695,728,163
2,062.426.496
829,951,517
552,867,835
704.544.056
2,087.353,408
831,084,025
560,563,872
706,035,145
2,096,683,042
829,157,658
570,874,193
713.263.132
2,113.294,983
837,357,232
575.895,401
725,928.779
2.139,181,412
856,949,262
677.142.246
725.669.859
2,158,761,367
861,980,507
581.705.192
729,566,180 ' 2,173,251,879
891,244,084
574,034,603
726,501,626
2,190,780,213
885,882,696
574,864.387
729,872,061
2,190,609,144
875,111,053
680.359.387
731,773,140
2,187,243,580
882,500,594
679.673,144
733,130,497
2,195,304.235
879,306,625
577,688,375
727,581,890
2,184.576.890
876,123,467
575,928,719
725,214,094
2,177,266,280
886,014,724
577.834,824
726,717,601
2,189.567.149
889,380,359
582,360,109
726,049,356
2,197.789.824
908,718,436
588,177,194
730,292,861
2,227,188.491
915,537; 130
598.923.208
731,840,204
2,246,300,542
914,300,089
605.239,350
730,716,791
2,250,256,230
913,371,619
607,793,972
729,462,399
2,250,627.990
942.238,686
698, IbO, 192
719,562,831
2.259.951,709
939,210,284
596.617,609
718,141,366
2,253.969,259
933,682,740
599.464,479
718,910,138
2.252,047.357
940,707,441
601,381,433
718,661,368
2,260,750,242
938,034,496
699,464,045
716,917,434
2.254,415,975
938,793,298
601,026.239
709,571,014
2,249.390,551
945.920,452
602.674,466
712,111,219
2,260,606,137
938,854,057
610,756.985
715,321,903
2,264,932,945
929,110,114
624,521.402
722,055,135
2,275,686,651
967,129,839
632,687,311
736,394,842
2,336,111,992
977,362,992
635,088,615
740,258,561
2,352.710.158
976,099,451
636,231,635
736,369,815'' 2,348,700.901
1.005.058,729
625.202,861
725,477,244
2,355,738,834
998,394,699
624,296,180
731,305,451
2,353,996,330
984,927,397
628,349,838
738,480,708
2,351,757,943
1,004,763,919
625,539.690
744,050,111
2,374,353.720
1,005,236,498
621,871.129
755,067,198
2,382.174.825
•998,569,760
619.239.119
753^321,924 . 2,371,130,803
1,007,249,189
619.708,666
765,060,643
2,382,018,498
1,014,531,078
621,758,348
752,612,752
2,388,902,178
1,016,648,633
629,348,801
758,619,675
2.404.617.069

225

TREASURER.

N o . 5 0 . — C H A N G E S IN THE VOLUME OF MONEY, IN CIRCULATION, FROM INTERNAL
EXPANSION AND CONTRACTION, AND PROM IMPORTS AND EXPORTS OP GOLD, DURING
EACH M O N T H , P R O M 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
June
July
August
September.
. October
November .
December..
1892—January
February . .
March
April
May
June
July
August
September.
October
November .
December..
1893—January
February . .
March
April
May
June
July
August
September.
October
November .
December..
1894—January
February . .
March
April
May
June
'July
August
September.
October
November .
December..
1895—January
February . .
March
April
May
June
July
August
September.
October
November .
December..
1896—January . . .
February . .
March
April
May
June
July
August. . 1 . .
September.
Digitized for O c t o b e r . . . .
FRASER

Internal
Internal
Net imports Net exports
expansion. contraction. of gold, a
of gold, a
$4.914.507

Net
increase.
$5,513,375

$10,730,726
11, 574.613
944,574

305,743
165,608

1,148,595
285,582
838,371
3,967,880
3,794,249
153,061
244,437
134,897
374,401
554,223
061,864
493,395
872,333
280,141
755,309
767,851
383, 982
308,178
965,506
701,048

$10,424,983
$574,002
7,718
3,345,536
10,664,975
411,288

6,647,050
026,401
747,386
749,913
743,367

1,144,005
2,196,403
1,359,249
5,400,659
669,672

1,222,587
7,106,138
16,088, 362
8,489,768
6,764,350
305,548
3,680,218
3,225,550
7,034,782
3,263,063
16,635,477
10,240,198
6,716,699
2,324,127

301,414
882,474
2,634,080
1,438,566

455,672
211,966
232,797
488,118
685,171
370,255
852,508
329,326

5,776,401
40,622,629
6,242,083
1,072,919
4,139,832
1,908,300
573,790
1,068,335
2,929,241
9,402,110
23,124,058
22,376,872
12,823,572
1,935,303

48,040,024
968,897
481,292
999,469
768,703
336.579
8,967,455
949.383
534,689
36,374,359
1,233,390

418,118
519,851
1,607,388

43,189,961

4,Oil,338

4,067,003
4,120,290
2,029,761
3,271,193
1,963, 750

685,361
25,233,215
4,165,093
79,303
6,284,451
24,599,533
33,960,685
12,769,909
11,519,659
15,073,399
6,703,764
917,372
4,930,724
6,437,985
16,936,891
1,124,013
2.692, 741
3,206,601
4,106.392
2.725.435
8.302.897
2,865,264
3.492.471
2.876,434
2.425.490
17,372,606
69,463,654
21,377,247
16,604,764
8,449,608
2,023,976
10,765,245
49.108.359
39,656
1,079,182
16,124,589
11,608,169
6,486,993
10.902.768
8,367,501
17,054,440
34,866,971
10,657,829
12,911,107
39,122, 958
9.649,867
15,249,730
6,745,402
2,047,588

3,296,067 10,401,818
15,133.175
16.674,609
76.867 13,265,807
13.468,188
14,170,899
198,586 10,613,883

697,885
182,417
1,314,910
! 342,664
,
i 804,351
,
817,856
10,712,469
70,353,939
406,247

3,298,208
7,239,091

9,424,439
24,698,489

11,787,382
529,577
219,969
474,209

6,654,768
1,319,135
2,082,411
4,338,625
61,887,372
1,047,808
.5,644,831
24,239,030

10,089,752
8,650,531
11,339,189
12,213,553
12,988,068
1,604,991
18,344,979
15,205,760
1,701,544

723,946
596,205
841,125
135,164
531,845
309,776
932,276
339,035

11,740,221
370,572

3,444,842
4,541,566
13,929,798
30,368,112
15,539,494
5,633,526

1,116,185
1,023,958

9,376.389
293;653

2,662,498 11,377,619
18,499,415
6,077, 397
5,781,'
10,402,213
5,177,942
580,155
24,266,492
2,086,997
179,495
43,132,655
34,098,080
034,576
44,753,325
27,617,915
135,410
a Imports and exports of gold in the ore not Included.
,040,117
76,616

http://fraser.stlouisfed.org/
T?T i Q of _ _ i ^
Federal Reserve Bank n ^St. Louis

Net
decrease.

10,950,768
17,989,519
4,663,837
14,988,765
60,978,550
112,594
18,422,799
11,859,083

226

REPORT

No. 50.

ON T H E FINANCES.

-CHANGES IN T.EE VOLUME OF MONEY IN CIRCULATION, PROM
EXPANSION AND CONTRACTION, ETC.—Continued.

Month.
1897—November . . ,
December
January
February
March
April
May
June
July
1.
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
November . .
December
1902—January
February
March
April
May
June
July
August
,
September..
October
November . .
December
1903—January
February
March
April
.
May
,
June
July
August
September...

Internal
Net imports Net exports
Internal
of gold.a
of igold.a
expansion. contraction,
$12,468,303
1,617,395
15,569,611
9, 509,262
$7,006,357

$6.009,954
8,905,646
6.975.335
4.867,922

' 6,'730,'sii'
"
5,310,815
16,816,152
9,013,939
16,852,271
12,505.956
1,520,373
5,830.007

'7,"9i3'266'

126,075
19,681,283
20.127,337
728,248
35,235,823
30,241,443
11,109.993
34.956,759
16.497, 742
3,475,743
16,871,489
6,308.084
2,712,569
5.037,716
21,043,117

2,392,807
4,146,501
11,040,095
1,845,678
1,536,475
3,060, 581
4.298.697
29,555,911
31,021,514
13,009,477
2.809,245
998.418
13.139.644
13.389,854
15,022,631
3,805,980
6,946,165
4,087,656
4,273, 971
1,716,899
983,234
590,000

10,379,499
6.121,929
9,552,673
13,936,535
8.825.297
26,970,199

34,237.406
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

9,100,131
6,841,102
2.231.586
15,640,394
2.687,707
8,829,044
9.464,330
2,540,467
4,663,142

1,194,825
4,694,739

2,412,839
6,542,373
1,017,168

5,096,678
5,403,077

11,260,166
3,073,736
1,217,399
7,672,704
2,813,672
1,938,199
1,237,689

1,958,169
7,186,478
2,273,515
2,486,477

10,727,345
7,310,610
12,300,869
8,222.675
29,398.667
19,112,051
3,955,688
371,760
9,323,719
5,982,460
1,921,902
8,702,885
6,334,267
6,025,424
11,215,586
4,326,808
10,753,706
60,425,341
16,598,166

1,522,780
823,622

1,249,080
4,919,035

1,060,655

377,653
6,990,724
1,414,626

6,214,411

12.262.376
24,918,912
9,338,634
16,611.941
26,886,429
19,579,955
14,490,512
17,528,334
171.069
3,365,564

3,446,191
9,204,928
2,581,162
1,530,707

1,622,417
4,729,448

18,206,310
5,741,434
8,795,637
53,238,863
14,324,651

18,342,715
39,250,957
14,162,408

1,023.756
1,229,175

11,505,846
13,831,576
6,809,836
22,866,294
18,094,883
16.216,854
3,446,496
10,541,118
1,690,254
891,770
10,641,084

23,016,770
1,367.036
11,013,937
6,572,045
15,012,962
14,812,585
1,869,437
22,751,185
217.564

121,434
531,205
1,033.427

5,421,263
22,687,326
24,979,028
13,924,234
17,057,385
10,115,625
11,950,045
22,191,476

4,009,257
7,037,933

"493," 424"

1,742,504
2.238.387

'2," 680," 648'

23,453,561
21,490,762

857,784
13,669,647
10,460,369
6,748,309

583,653
17,636,004
3,715,701
14,289,473

3.614,569

6,965.860
4.219,014

17,811,510
38,217,530
23,262,539

442,893
19.208,959
13,160.440
27.892,366
14,351,634
16,102
8,890,588
29,681,986
50,702,797
33,136,814
3,537,493

634.438
1.450,116
5,460,289
876,050
338,998

$6,694,259
2,440.311
6.826.488
13.705.649

18.156.333
247,312

4,860,437
1,119,713

3,167.989
1,426,418

Net
decrease.

$19,389,132
3.778.654
15.754,288
9,717,265

1,920,829
1,161,259
184,677
208,003
312,098

3,569, 643
2,079,057

Net
increase.

INTERNAL


a Imports and exports of gold in the ore not included.


22,595,777
7,821,105
11.044.022
10,887,695
6,883,690
16,714,891

227

TREASURER.

N o . 5 1 . — U N I T E D STATES NOTES AND TREASURY NOTES REDEEMED IN GOLD, AND
IMPORTS AND EXPORTS OP GOLD, DURING EACH MONTH FROM JANUARY, 1890.
United States
notes.

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
May
,
June
July
August
September.,
October
November..
December ..
1895—January
February..,
March
April
,
May
June
,
July
,
August
September.
October
November.
December .
1896—January
February..,
Ma:5tCh
April
May
,
June
July
,
August
September.
October
. . .

Treasury
notes.

Total.

Imports of
gold, a

$111,295
$111,295
10,893
10,893
9,513
9,513
• 19,464
19,464
30,164
30,164
11,987
11,987
45,220
46,220
19,740
19,740
12,650
12,650
11,620
11,620
24,873
24,873
31,964
31,954
47,229
47,229
41,493
41,493
66,399
66,399
41,055
41,055
2,288,479
2,288,479
3,355,458
3,355,458
1,835,912
1,835,912
297,633
297,633
242,820
242,820
481, 249
$281,810
763,059
191,264
214,840
406,094
127.746
190, 220
317,966
152,093
159,960
312,053
205,830
• • 476,200
.
270,370
476,401
256,330
• 732,731
438,166
258,570
696.726
334,823
287,300
622,123
568,326
1,854,200
2,422,626
9,234,705
4,086,055
6,148,650
6,140,874
1.049,414 5,091,460
4,087,799
2,264,089
1,823,710
282,665
316,200
598,865
406,206
291,940
698,146
6,699, 755 4,538,057
10.237,812
6,359,126
6,137,491
li;496,617
5,811,299 8,017,365
13,828,664
1,641,923 3,284,530
4,926,453
12,568,555
7,483,355
20,051,910
12,076,934 4,470.915
16,547,849
4,250,651
3,073,104 1,177,647
264,080
1,036,015
771,935
1,158,466
2.348. 222
1,189,757
197,135
340.727
143,592
432,880
695, 392
262,612
217,120
516,372
299,252
. 221,895
517.418
295,523
237,515
356.356
118,841
19.193,354
10,982, 624 8,210,730
1,194,766
3,461.192
2,266,426
7.666.-127
6,072,042 1,594,085
26,541,082
25,131,412
1,409,670
22,169,893
20,708,492 .1,461,401
13,367,864
13,923,375
555,511
4,209,853
4,741,413
631, 560
936,518
300,487
636,031
3,047,890
505,171
2,542,719
7,799,747
714,614
7,085,133
31,907,221
1,087,599
30,819,622
45,117,738
1,702,465
43,415,283
5,560,952
776.045
4,784,907
279,690
1,089,085
809,495
284.046
1,017,671
733, 525
431,745
1,166,492
734.747
401,676
1,046,196
644.621
704,175
3,826,795
3,122,620
345,262
16,564,067
16,218,815
257, 670
17,377,484
17,119,814
317,865
2,166,883
1,849,018
418,400
16,034,590
15,616,190
424,744
20,212,695
19,787,951
762,484
16,448,508
16,686,024
656,325
21,736,876
21,080,551
475,250
6.856.546
6,381,296
375, 900
7.130.618
6,754.718
312,947
22.039. 547
21.726,600
297,353
8.261.347
7,963.994
17.285.078
1,009, 672
16,275,406
12,369,725
980, 919
11,388,806
4,661,446
3,436,733 1,224,713
12,073,835
9,906,832 2,167,003
gold inthe ore not included.
a Imports and exports of



059,837
476.433
622.432
478,353
280,902
385,830
195,054
724,565
425, 632
621,638
926,401
033.013
397,918
565, 304
614,170
233,318
212,648
282,906
029,148
394,756
451,428
897,947
871,717
018,851
652.014
826,962
084,406
487,041
591,159
494,026
542,440
333,282
303,536
118,330
577,212
540.538
370,843
257.539
608,437
803,985
708,557
009, 682
950,613
572,031
678,945
583,937
471,575
746,245
705,647
140,982
091,392
321,661
282.743
903.348
406.629
183.348
655,595
602,665
935,601
377.950
231,339
632.197
246,384
923,371
856,264
095,391
571,451
534,086
749.456
.797.040
591, 309
.310,448
, 367,940
,559,089
677, 733
.119, 768
604,498
837,669
,505.928
,057,101
. 159,130
,961,083

Exports of
gold.a
$460,969
1,170,690
1,456.824
1.052,355
288,620
3,731,366
11,860,029
2.135.853
281,627
425,235
667,152
632,354
728.246
4.010,146
6.155,736
14,163,116
30,580,760
15,822,400
6.662.674
172.168
345, 290
809,696
381, 949
264.501
. 246,466
6,507,180
6.309,956
7,521,823
3.854,222
17,129,603
10,782.638
6,049,981
3,627,663
484,260
1,138,647
12,879,727
12,584,396
14,246,607
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
1,565,194
3,126,094
2,893,610
1,585,071
131,641
3,867,518
16,667,261
17,424,065
1,873,897
14,059,497
15,481,347
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

228

REPORT ON T H E F I N A N O E S .

N o . 5 1 . — U N I T E D STATES NOTES AND TREASURY NOTES REDEEMED IN GOLD, AND
IMPORTS AND EXPORTS OP GOLD, DURING E A C H MONTH FROM JANUARY, 1890—Con.
Month.
1896—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
May
June
July
August
September.
October
November.,
December.
1901—January . . .
February..
March
April
May
June
July
August
September.
October....
November.
December .
1902—January...
February..
March
April
May
June
July
August
September.
October...November.
December .
1903—January . . .
February..
March
April
May
June
July
August
for FRASER
September.

Digitized
http://fraser.stlouisfed.org/
a Imports
Federal Reserve Bank of St. Louis

United States
notes.

0

Treasury
notes.

$926.261
$3.137,149
858,4^4
273.402
694,4:2
351.656
402. 769
521, 356
.569,947
679,382
6,934, 575
567.433
837, 635
8.044. 965
6,694, 864 • 518, 581
5.072,208
202,935
2,875,606
240, 670
144,033
2,598,1^.0
2.506,376
190, 925
1.786,711
323,705
1.815.734
203,665
1.106,5^8
103,368
228, 540
1,407,273
1.329.0.^8
254.732
376,239
779, 668
280,956
268,0^1
757,367
146,485
230.072
3,860, 995
552. Ill
61,661
381,082
62,789
313,242
34, 336
151,855
601,398
1,740,9^.5
933,809
2,556,940
1,670,782
2,155,856
846,049
1,600,532
743,221
1,256,091
526,179,
847,189
1,878,189
1,848,634
889, 318
1,576,685
631,406
1,390,631
685,917
619,640
585,580
651,817
237, Oil
98,440
1,126,580
1,532,984
304,128
2,300,189
891,244
1,478,556
• 111,485
980, 363
152,200
4,532,390
540,415
7,100,506
1,381,545
6,447,160 1,341.465
2,419,705
219,951
1.430.235
12,030
999,959
1,560
1,523,349
7,355
3.943,142
• 1.2,098
2,330,402
49,108
7,056,430
43, 981
1,488,211
11,900
510,777
4,875
833,735
61,790
21,700
798,285
442,203
10,330
833,420
12,145
2,141,675
173, 941
760,705
120,307
2,333,096
76,870
1,657,890
166,361
2.231,544
82,630
5,106,090
111,490
1,031.734
107,677
198.539
74,264
260.930
116,076
359.343
101,210
131,630
568,625
411,652
103,273
301,583
86.082
66.445
263,426
327,838
110.302
321,352
66,660
524.700
57,240
1,005,816
146,685
294,300
78,125
465, 975
72,135
1,129,686
69,370
157,910
1,-178,466
939,928
99,300
961,450
71,610
663,950
43,160
407,203
36,392

Total.
$4,062.410
1.131.8^ 6
946,068
924,124
1,249,329
7,602,008
8,882,600
7,113,4^6
5,275.1<3
3.116.'276
2,742,173
2,696, 301
2,110,4: 6
2,019,399
1,209,916
.1,635,813
1,583,770
1,156,907
648,9? 7
903,852
4,091,067
613,762
443,871
347,578
653, 253
2,674,754
4,227,722
3,001,9(6
2,343,753
1,781,270
2,725,378
2,737,952
2,208,091
2,076,548
1,105,220
888,828
1,225,020
1,837,112
3,191,433
1,690,041
1,132,563
5,072,805
8,482,051
6,788,625
2,639,656
1,442,265
1,001,5].9
1,630,704
3,955,240
2,379,510
7,100,411
1,500,111
515,652
885,525
819,986
452,533
845,565
2,315,616
881,012
2,409,965
1,824,251
2,314,174
5,216,680
1,139,411
272,793
377,005
460,653
700,255
514,925
386,666
329,870
438,140
388,012
581, 940
1,152,600
372,425
528,110
1,199,055
1,336,375
1,039,228
1,033,060
707,110
443,696

Imports of
gold, ct
$7,344,228
2,567,115
656,621
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
4,841,933
2,823,934
2,145,718
2,637,165
• 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
1,593,715
2,994,496
3,106,265
1,248,866
5,602,373
2,439,432
3,490,439
9,264,260
10,130,082
2,941,880
3,537,217
1,426,683
1,705.444
1.437.176
870,336
2,700.412
. 1.228.644
2.519.063
6,663.865
4.866,005
4,622,790
1,660,094
752,306
938,683
1,567,471
898,960
725,183
762,693
848,015
873,988
2,446,005
8,612,451
2,972,110
1.313,092
877.333
992,331
3,716,563
837,132
803,351
2.014.819
2,337,593
3.229.505
2,367,039

and exports of gold in the ore not included.

Exports of
gold, a
$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
311,671
699,340
573,538
2,656,195
1,030,412
658,834
1,323,624
109,157
375,629
1,493,813
1,955,908
3,099,565
1,279,826
910,757
1,219,638
1,755,'451
567,962
1,107,035
1,162,484
2,047,155
20,908,177
2,604,857
2,096,832
618,995
376,502
260,910
11,851,101
5,688, 522
1,401,506
1,062,510
1,961,069
12,205,396
8,089,968
3,270,787
18,079,826
802,732
435,216
665,752
401,413
8,200,369
402,927
476,269
4,882,367
10,075,264
5.281.574
2,759,251
106.224
121,492
3,848,837
16,882,956
4,733,830
1,969,705
8,611,387
4,381,143
2,837,169
1,962,772
385,040
7,838,739
2,288.614
487,836
1,425,973
698,695
2,835,872
53,811
1,486,755
1,034.915
1,694,916
14,472,998
12,475,188
9,085,902
61,516
931,621

229

TREASURER.
No.

5 2 . — U N I T E D STATES NOTES AND TREASURY NOTES REDEEMED IN GOLD, AND
IMPORTS AND EXPORTS OP GOLD, DURING EACH FISCAL YEAR, PROM 1890.

Fiscal year.
1890
1891
1892
1893
1894
1896
1896
1897
1898
1899
1900
1901
1902..
1903

. . .

United States
notes.
$732,386
6,986,070
5,352,243
55,319,125
•68,242,408
109,783,800
153,307,591
68,372.923
22,301,710
• 18,645,015
28,637,501
23,776,433
17,482,590
7,154, 718

Treasury
notes.

Total.

$732,386
5,986,070
9,125,843
$3,773,600
102,100,345
46,781,220
84,842,150
16,599,742
117,354,198
7,570,398
5,348,365
158,655,956
9,828,991 • 78,201,914
2,696,253
24,997,963
6,997,250
25,642,265
6,960,836
35,598,337
446,678
24,223, 111
1,274,590
18,757,180
1,112,527
8,267,245

I m p o r t s of
gold.a
$12,943,342
18,232,567
49,699,454
21,174,381
72,449,119
35,146,734
31,720,487
81,411,533
115,173,988
84,280,674
30,961,698
45,445,734
27,205,657
• 26,306,190

E x p o r t s of
gold.a
$17,274,491
86,362,654
50,195,327
108,«680,844
76,978,061
66,131,183
112,309,136
40,114,722
15,324,929
37,607,771
48,218,168
52,968,446
47,599,796
46,793,212

a Gold in the ore not included.
N o . 5 3 . — T R E A S U R Y N O T E S O F 1890 I S S U E D , R E T I R E D B Y R E D E M P T I O N I N S I L V E R
DOLLARS, A N D OUTSTANDING, TOGETHER WITH T H E SILVER I N T H E TREASURY
P U R C H A S E D B Y SUCH NOTES, F O R EACH M O N T H .

Month.
1890—August
September..
October
November..
December..
1891—January
February...
March
April
May
June
July
August
September..
October
November..
December . .
1892—January
February...
March
April
May
June
July
August
September..
October —
November..
December . .
1893—January
February...
March
April
May
June
July.
August
September..
October
November..
December .
1894—January
February..
March
April
. May
June
...
July
:.
• August
September.
October..,.
November.
December .




Issued.
$3,609,000
4,460,000
5,880,000
5,309,800
4,831,700
4,713,500
4,346,700
3,942,500
4,638,000
3,946,147
4,551,070
4,766,618
4,692, 000
4,565,095
4,474,140
4,234,382
4,367,450
4.225.898
3.683.212
4,365,986
3,626,492
4.163,296
4.320, 085
3,854,099
3.816.467
3.101,698
4,126,898
4.186.480
3.948.910
3.200.866
3.921.364
3,622.295
3,579,630
4,120,096
4,000,353
1,096,121
2,868.877
1.982,616
1.909.481
883,680

Retired by
redemption. Outstanding.

1,273,267
545.534
493.333
165,239
293,478
89,243
69,724
100,867
87,245
133,330
95, 325
137,291
295,757
542,102
468.699
161,498
155.339

Bullion in
Treasury.

$2,029,000
$3.609,000
4.178,113
8,069,000
10.185,076
13,949,000
12.553,676
19,258,800
13,836,255
24,090,500
14,964,755
28,804,000
16,289,679
33,150,700
19,767,201
37,093,200
21,783,770
41,731,200
23,603, 733
45,677,347
26,436,577
50,228,417
' 31,964, 570
64,994,035
36,545,860
59,686,035
41,017,368
64,251,130
45,315,416
68,725,270
49,347,537
72,959,652
53,476,583
77,327,102
57,410,991
81,653.000
60,785,156
85.236.212
65,092,103
89.602,198
68,278,595
93,228,690
71,931,891
97, 391,986
76,213, 601
101,712,071
79,710,809
105,566,170
82,977,276
109,382, 637
85,402,874
112.484,335
88,859,772
116,611,233
92,335,252
120,796,713
124,746,623 , 96,105,162
98,576,028
127,946,489
102,397,392
131,867,853
106,179,687
135,490,148
109,761,317
139,069,778
113,744,413
143,189,874
117,744,621
147,190,227
118,890,742
148,286,348
121,759,619
149,881,958
123,787,758
151,319,040
125,797,838
152,736.188
126,816,864
153.453.629
126,758,403
153,160,151
126,756,175
153,070,908
126,758,196
153,001,184
126,757,765
152.900.317
126,757,765
152,813,072
126,757,765
152,679,742
126,757,686
152,584.417
126,333,599
162.447.126
125,719,886
152.151,369
151,609,267
125.215.635
151,140.568
124.615.636
150.979.070
124,624,421
150,823,731
124,420,023

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
23,029,466
23,140,175
23,233,762
23,409,854
23,612,115
23,850,519
24,142,009
24,451,056
24,510,095
24,950,095
25,460,096
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

230

REPORT ON T H E FINANCES.

N o . 5 3 . — T R E A S U R Y 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—Continued.

Month.
1895—January
February..
March
April
,
-May
June
July
August
September.
October....
November.
December .
1896—January
February..
March
April
May
June
V
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
May
June
July
August
September.
October
November."
December .
lOOl-rJanuary . . .
February..
March
April
May
June
July
August




• Retired by Outstanding. Bullion in
redemption.
Treasury.
$72,190
46,384
376,068
745,618
1,540,191
1,955,880
598,120
995,000
829,000
2,574,000
1,509,000
1,812,000
447.000
605,000
638,000
3,012,000
1,684,000
1,702,000
1,340,000
1.602.000
1.737,000
1,775,000
1,552.000
1.861,000
1.418.000
848.000
419,000
435.000
914,000
915,000
953,000
1,242,000
1,338,000
2.021,000
1,520,000
1,445,000
817,OOO
862, 000
1.054,000
924,000
710,000
774,000
994,000
953,000
711,000
716,000
640.000
670.000
• 541.000
.
471,000
557.000
436, 000
493,000
507,000
438,000
564,000
1,349,000
1,339.000
802,000
706,000
449,000
673,280
1,823,000
2,746,000
• 3,189,000
3,413,000
2,489,000
3,150,000
2,674,000
2,151,000
2,115,000
2,051,000
3,119,000
2,321,000
2,076,000
2,001,000
2,096,000
2,001,000
1,754,000
1
1,696,000

Dollars i n
Treasury.

$150,751,541 $124,250,981
$26,500,560
150,705 157 124,050,981
26,654,176
26,144.284
150,330 089 124,185,805
149,584 471 . 123,987,305
25,597,166
148,044 280 123,870,712
24,173,568
146,088 400 123,858,712
22.229,68G
145,490 280 124.001,762
21,488,518
144,495 280 124,001,762
20,493,518.
19, 664,608
143,666 280 • 124,001,672
141,092 280 124,001,672
17,090,608
139,583 280
124,001,672
15,581,608
124,001,352
137,771 1^80
13.769,928
137,324 280 124,001,352
13,322,928
122,501,352
136,719 280
14,217,928136,081 280 121,438,948
14,642,332
133,069 280 120,239,847
12,829,433
131,385 280 119,295,286
12,089,994
129,683 280
118,365,698
11,317,582
128,343 280 117,766,676
10.576.604
126,741 280 115,450,491
11,290,789
125,004 280
113,572,418
11,431,862
123,229 280 112,059,846
11,169,434
121,677 280 110,876,390
10,800,890
119,816 280
109,777,784
10,038,496
118,398 280
108,488,116
9,910,164
117,550 280 107,706,232
9,844,048
117,131 280
106,733,303
10,397,977
116,696 280
105,780,777
10,915,503
115,782 280
104,828,251
10,954,029
114,867 280
103,800,623
11,066,657
104,261,076
113,914 280
9,653,204
112i 672 280
104,261,076
8,411,204
111,334 280 104,161,026
7,173,254
103,541,026
5,772,254
109,313 280
107,793 280 102,267,153
5,526,127
101,133,402
106,348 280
5,214,878
105,531 280 100,261,803
5,269,477
104,669 280
99,727,902
4,941,378
98,802,461
103,615 280
4,812,819
102,691 280
98,410,528
4,280,752
' 101,981 280
97,503,425
4,477,855
101,207 280
97,082,982
4,124,298
96,839,691
100,213 280
3,373,589
95,324,638
99,260 280
3,935,642
95,101,752
98,549 280
3,447,528
97,833 280
93,339,933
4,493,347
92,384,603
97,193 280
4,808,677
96,523 280
90,846,434
5,676,846
. 95,982 280
90,129,671
5,852,609
95,511 280
89,008,993
6,502,287
94,954 280
87,564,503
7,389,777
• 94,518280
86,501,928
8,016,352
94,025 280
84,778,738
9,246,542
93,618 280
84,169,625
9,348,655
83,917,182
93,080 280
9,163,098
92,516 280
83,469,770
9,046,510
91,167 280
82,862,657
8,304,623
89,828 280
82,123,839
7,704,441
89,026 280
81,474,049
7,652,231
88,320 280
80,778,918
7,541,362
79,625,140 ,
87,871 280
8,246,140
78,270, 605
87,198 000
8,927,396
85,375 000
74,862,618
10,512,382
• 82,629 000
72,709,403
9,919,597
79,440 000
71,126,896
8,313,104
76,027 000
69,873,837
6,153,163
73,538 000
69,266,686
4,271.314
70,388 000
67,873,779
. 2,514,221
67,714 000
64,762,028
2,951,972
62,022,872
65,663 000
3,540,128
63,448 000
67,600,251
. 5,847^,749
61,397 000
56,937,918
4,459,082
68,278 000
54,853,287
3,424,713
66,957 000
53,790,726
2,166,274
52,407,220
53,881 000
1,473,780
61,880 000
50,769.506
1,110,494
49,784 000
48.890.894
893,106
47,783 000
46.789.497
. 993,503
. 46,029 000
45.801,633
227,367
44,433 000
44,426,792
6,208

231

TREASURER.

N o . 53.—TREASURY NOTES OP 1890 ISSUED, RETIRED BY REDEMPTION IN SILVER
DOLLARS, AND OUTSTANDING, TOGETHER WITH THE SILVER IN THE TREASURY
PURCHASED BY SUCH NOTES, FOR EACH MONTH—Continued.
Month.
1901—September.
October
November.
December .
1902—January . . . ,
February..
March
April
May
June
July
August
September.
October
November.
December .
1903—January
February..
March
April
May
-..,
June
July
August
September.

No.

Issued,

Retired by
redemption. Outstanding,
$1,407.000
1.592,000
1,324,000
1,514,000
1,063,000
2,187,000
1,383.000
1,325,000
1,331,000
1,307,000
1,237,000
1,062,000
865,000
1,040,000
742,OUO
1,001,000
1,100,000
721,000
731,000
706,000
782, 000
770,000
687,000
586,000
472,000

$43,026,000
41,434,000
40,110,000
38,596,000
37,533,000
35,346,000
33,963,000
32,638,000
31.307.000
30,000,000
28,763,000
27,701,000
.26,836,000
25,796,000
25,054,000
24,053,000
22,953,000
22.232.000
21.501,000
20,795,000
20,013,000
19,243,000
18,566,000
17,970,000
17,498,000

Bullion in
Treasury.

Dollars in
Treasury.

$42. 244,769
41,306,649
40,030,890
38,544,000
37,606,000
35,332,037
33,955,376
32,620,815
30,870,792
29,960,039
28,368,763
27,209,244
24,439,639
24,556,601
23,667,801
23,057,667
21,940,052
20,972,163
20,146,491
19,165,230
18,463,267
15,836,557
15,836,557
15,601,548
14,982,959

54.—TRANSACTIONS BETWEEN THE SUBTREASURY AND CLEARING
NEAV YORK DURING EACH MONTH, PROM JANUARY, 1890.

MIonth.

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
Pecember.
1893—January...
February .
March
April
May
June
. July




Checks sent to
clearing house.
048,455.32
9 526,330.32
ii: 419,301.33
lo; 539,627.16
11, 946,677.40
10, 292,415.15
11, 994,282.63
11, 853,751.42
12, 373,366.15
13, 006, 532.10
138.414.78
11, 780,464.99
12, 690.692.79
622,421.41
604,663.62
486,266.76
668.010.80
806,284.40
736,628.26
322,335.05
928,834.78
•988, 925.54
685.924.89
522,284.61
043.732.90
949, 586.47
328,222.39
980,372. 21
191,441.68
850,882.24
692,043.79
559,382.76
531,889.07
245, 811.11
654,078.19
424,429.00
978,473.74
273,017 98
760, 305 93
429,445.93
119,802.48
125,169.29
902,339.68

Checks received
from clearing.
house.
$36,177,804.32
18 020,397.17
32; 066,422.90
27; 869,111.99
21,869,115.82
29 050,033.43
• 39, 522.04
133,
27 778,087.62
64,569,721.82
31,087.677.91
22,466,579.41
30,402,783.40
32. 296,426.01
22, 678,822.45
32; 486,784.43
24; 724,064.01
21,026,886.09
34,665,476.58
29,919,667.46
21,811.463.68
30,809,121.45
33,251,199.39
23,176.574.03
26,938.941.24
35,118.064.88
24,599,498.53
23,865,249.01
27, 698,240.58
23,513,858.69
27,556,675.22
34,629,796.29
26,665,979.79
23,890,158.54
29,008,268.02
24,442,257.04
27. 784,922.49
39.334,218.72
26,761,432.80
26,490,508.58
32,165,104.04
33,095,248.82
29,744,356.72
21,301,822.24

Balances due
subtreasury.

$33,185.69

277,014.70

2,556,592.67

$781,231
127,351
79,110
52,000
27,000
13,963
7,624
17,185
436,208
39,961
394,237
491,756
2,396,361
1,239,399
1,386,199
995,333
• 1,012.948
1,259,837
1,354,509
1,629,770
1,549,733
3,406,443
2,719,443
2,368,452
2,515,041

FIOUSE IN

Balances due
clearinghouse.
$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
22,606,832.22
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
12,537,026.02
17.717,868.37
15.322,417.11
17,705,792.98
22,937,752.50
15,106,697.03
13,358,269.47
16,762,456.91
14,788,178.85
16,360,493.49
29,355,744.98
1.6,478,414.82
15,740,202.65
22,735,658.11
22.975.446.34
17,619,187.43 •
7.956,075.23

232
No.

REPORT ON T H E F I N A N C E S .
54.—TRANSACTIONS BETWEEN THE SUBTREASURY AND CLEARING HOUSE IN
N E W YORK DURING EACH MONTH, FROM JANUARY, 1890—Continued,

. Month.

1893—August
September .
October
November .
December..
1894—January
February ..
March
April
May
June
July
August
September.
October —
November .
December..
1896—January
February ..
March
April
May
June
July
August
September .
October
November .
December..
1896—January
February ..
March r
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




Checks sent to
clearing house.
,881,836.30
, 055,624.25
,952,092.02
,207,669. 78
, 815,372.45
,722,230.92
,476,302.22
,623,277.64
,671,.57L18

,275, 370.24
, 975,939.62
,879, 621.65
, 216,157.95
,308,077.94
708,197.88
058,003.46
433, 980.67
503.113.94
534.708.40
060,989.36
953,209. 34
330.245.41
277.243.46
472,433.17
297,287.71
530,491.53
717.241.20
151,071.14
427.679.95
433.301.21
689,998.19
288,894.19
696,175.83
355,425. 64
304,433.66
195.047.52
198.162.53
335,484.24
634.665.17
111.163.22
224,516.33
241,179.33
950.116.61
582,136.53
088. 623.04
733.129.47
592,301.09
413.034.66
599.221.32
878,051.51
378,199.53
324,827.36
934.834.82
884.185.86
028.499.87
768,808.99
253,605.44
248.476.83
107,996.83
8S5.820. 61
521,789.77
573.848.18
410,838.76
056.556.33
598,582.85
080,014.53
866,513.43
989,847.49
750,145.14
444, 321.09
490, 707.28
063,951.00
272.756.67
256,156.16
935,137.30
733, 963.81
084, 041.51
887,638.26
864,457.09
951,605. 31

C h e c k s receivedan
d
from c l e a r i n g .Bsaulb t rc e s u ru e B a l a n c e s d u e
eas y. clearing house.
house.
694.19.
,529.18
630.69
961.56
603.99
149.47
693.97
717.02
860.19
834.43
955.30
745.82
179.88
763.42
811.19
291.75
505.93
176.94
106.37
204.43
683. 01
443.78
081.19
457.64
014.57
176.49
865.43
644.64
002.76
004.85
302.06
459.91
236.35
603.04
279.26
590.22
073.63
994.55
863.60
321.84
135.87
831.00
287.08
565.70
642.93
098.79
445.74
153.02
678.07
751.97
714.81
838.51
727.87
949.27
392.09
538.14
853. 70
167.10
885.76
417.38
860.52
484.99
126.98
675.76
703.33
422.88
844.05
345.52
656.09
269.61
085.03
438.23
960.28
285.20
076.44
541.48
979.67
881.27
485.91
942.00

$103,062.35

39,062.64
'629,* 695.'25

533,695.19
2,562,623.47
150,048. 75

1,233,766. 36
241,601.64
20,701.30
240,804.20
19,038.45

479,413. 88
370,625.74
1,316,764.78
. 350,766.92
1,143,980.80
219,742.58
600,030.22

318,618.71
20,792.45
118,338.74
7,677,739.23
7,282,565.74
4,415,981.40
1,992,718.86
2,546,058. 68
41,853.99
7,163. 35
1,121,936. 28
441,258.96
413,030.72
132.929. 53
1,037,436.64
6,370,710.01
55,454.92
234,257.16
61,239.03
660, 304.43
475,893.75
696,400.56
643,102.97
2,373,218.96
608,135.63

$3,164,.920.24
15,550, 004.93
27,741, 438.67
16,249, 291.78
13,648, 294.08
25,294, 918.65
12,510. 087.00
12,886,439.48
18,881, 289.01
13,618, 464.19
12,937. 710.87
15,541. 124.17
7,417, 645.40
• 10,109,734.23
17,672, 613.31
11,790, 288.29
11,623, 525.26
24,475, 063. 00
10,739, 397.97
2,002, 981.43
13,211, 975.31
13,633, 198. 37
10,430, 539.03
16,919, 024.47
11,102, 726.86
5,958, 489.16
13,058, 662.68
9,802, 573.50
10,470, 322.81
25,082, 703.64
14,467, 303.87
7, 745,
565.72
17,474, 060.52
15,019. 177.40
13,744, 845. 60
18, 111,542. 70
9,609,324.98
13.209. 136.05
11,254, 963.21
12.273, 925. 54
9,199. 600.34
23.578. 394.25
9,193,200. 69
11.734, 429.17
19,468, 019.89
16,669, 969.32
12,937, 144.65
19,150, 737.07
14,110,249.20
8,223, 039.20
15,861, 515.28
14,565, Oil.15
18,465, 632.28
26,625, 329.16
9,035,873.6-1
11,681, 448.01
16,945, 406.94
15,790, 645.26
19,420, 052.28
13,268, 533.05
16,877, 070.75
16,034, 895. 77
34,068, 288.22
14,797, 019.43
16,123; 151.20
'34,859,337.88
12,940, 677.26
11,570, 208.04
17,815, 510.95
36,604, 948.62
12,696, 832.67
14,101,744.39
15,066,442.64
10,304,433.47
17,990,832.89
19,642,978.23
17,786,041.13
33,130,243.01
12,344,247.78
14.274, 472.32

233

TREASURER.
No.

5 4 . — ^ A N S A C T I O N S BETWEEN T H E SuBTREASURY AND C L E A R I N G H o U S E
N E W Y O R K DURING EACH MONTH, FROM JANUA.RY, 1890—Continued.

Checks sent to
clearing house.

Month.

1900—April
May
June
July
August
September
October...
November
December.
1901—January...
February..
March
April
May
June
July
August
September
October...
November
December.
1902—January...
February..
March
April
May
June
July
August
September
October...
November
December.
1903—January...
February .
March
April
May
June
July
August
September

Checks received
from c l e a r i n g
house.

$14, 837,015.53
13, 661,875.73
14, 015,804.63
16, 980,439.45
17, 691,141.32
18, 611.973.88
23, 532,065.85
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
17, 200,058.57
19. 153,408.72
14, 769,296. 32
14, 359,023.10
16. 936,501.12
16, 371,135.29
16, 349.586.83
16. 786.003.43
20, 370,851.88
16. 047,595. 73
16. 173,260.82
16, 426,624.21
, 18, 561,487.99
20, 448,315.16
17, 629,065. 77
18, 794,219. 77
19, 452,891.18
16, 162,444'. 79
15, 584,144. 53
• 15, 675.064.15
21, 352, 287.08
19, 412,283. 54
16, 438,641.60

$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, 580.77
40.822. 581.59
36,213,790.79
46,026, 041.39
29,852,211.04
27,455, 193.13
37,396, 964.47
32,737, 728.25
32,992, 921.61
43,791, 233.78
• 39,362,348.10
38,565, 193.57
44,009,758.77
40,686, 964.72
30,226, 938.80
41,368,397.12
30,116, 546.02
32,155. 715.22
34.876, 284.95
30.270,867.74
25,521, 215. 98
42,021, 604.28
31,289, 780.43
27,522, 190.04
42,679, 792.79
28,249, 797.65
29,879, 770. 59
42,866, 194.57
27,086, 737.87
27,187,821.09
38, 575,784.49
34,696,911.63
31,355, 179. 99
43,898, 816.26
38,489, 615.30
38,106, 006.95

Balances due Balances due
subtreasury. clearing house.

$434,949.13
191,695.17
140,961.16
163,624.88
2,807,449.31
202,803.27
162,306.96
247,786. 93
141,713.32
193,105.58
60,482.39
228,060.70
422,060.06
211,756.13
275,785.10
644,423.44
4,159.87
1,032.025.55
1. 652,184.22
1,889.651.12
2,664,356.72
1,116.056. 69
1.252.424.08
- 717.18
1,764.143.24
415.315.85
45,975.16

$32,912,452.90
20,562, 410.04
17,779,568. 68
23,736,808.10
35,083,485.01
17, 614,725.24
23,177, 210.09
22,203,582.85
18.598, 835.72
32,977, 308.27
13,365,413.93
8,686,716.74
18,292, 195.07
18,478,586.96
16,365, 922.92
19,851,793.57
18,657,534.03
22,896,325.87
21,766,721.95
23,547, 388.54
11.301,590.78
26.599,100.80
15,757,522.92
15,641,274.16
18,716,905.79
13,921,280.91
9,010,997.65
22,295,175.84
15,246,344.57
12,380,954. 77
26,253,078.58
11,340,493.88
11,321,106.56
27,901,485.52
9,408,574.79
8,987,353.99
22,413,339.70
19,112,767/10
15,680,833.02
24,310,672.42
19.492,647. 61
21,713,340. 51

No.
6 6 . — A M O U N T OF EACH K I N D OP MONEY U S E D IN SETTLEMENT OP CLEARINGHOUSE BALANCES AGAINST THE SUBTREASURY IN N E W YORK DURING EACH MONTH,
FROM J A N U A R Y , " 1 8 9 0 .
Month.

pniri PAin U n i t e d S t a t e s
vjuiu coin.
notes.

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 ..




$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

Treasury
notes.

$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

Gold certifi- Silver cercates.
tificates.
$26, 984,000
8,382,000
19.258. 000
17,173,000
9,811,000
18,615,000
26,996,000
15,488,000
47,851,500
14,738,000
7,527,000
15,301,900
18,937,900
9,999,900
17,863,000
12,958,000
10,260,000
14,270,000
5,302,000
3,035,000
6,925,000
12,732,000
8,048,000
10,288,000
19,887,000
4,980,000

Total.

$27,129,349
3,494,067
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
13,056,401
$53,575
20.882.121
6,210
15.237.797
1,465
13.358,875
645
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

234

REPORT ON T H E FINANOES.

N o . 6 6 . — A M O U N T OP EACH K I N D OP MONEY USED IN SETTLEMENT op^C
OP^CLEARINGHousE BALANCES AGAINST THE SUBTREASURY IN N E W YORK DURING EACH MONTH,
PROM JANUARY, 1890—Continued.

Month.
1892—March
April
May
June
July
August
September.
October
November .
December..
1893—January . . .
February . .
March
April
:
May
June
...
July
August
September.
October
November .
December .
1894—January . . .
February . .
March
April
..
May
June..
July
August
September.
October
November .
December..
1895—January . . .
February . .
March
April
May
June
July
August
September.
October
November .
December .
1896—.lanuary
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




Gold coin.

United States! Treasury
notes.
notes.

$4,940,000
2.475,000
15,395,000
27,645,000
15,150,000
13,570,000
19.015,000
275,000

10,700,000
• 15,300,000
12,180,000
11,070,000
15,340,000
15,660,000
33,846,000

$4,017,422
4,403.118
1.866,698
3,466,673
6,813,078
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
16,928,211
12,750,040
1,968,450
98,140
149.765
41.384
967.252
13.729
3.336,919
11,204,102
10,295,129
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
13,633,198
10,430,539
16.919,024
11,102,727
5,958,489
13,058, 663
9,802,573
10,470,323
25,082,704
14,467,304
7.746.565
17,474,061
15,019,177
13,744,846
18,111. 543
9,609;325
1.3,209,136
11,254,963
12,273,926
9,199,600
22,232,327
4,461,729
4,531,170
11,765,000
16,669,969
12,937,145
19,150,737
14.110,249
8,223,039
16,861,616
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
1,537,071
374,896
223,288

$4,276
3,671,
4,991,
10,490,
14,917,
12,116,
5,757,
8,353,
6,621,
8,978,
12,856,
16,356,
10,468,
6,295,
6.047,
4;869,
1,047,
591,
5.
55,
132,
64,
2,943,
1,030;
2,591,
4,892:
323,
23;
367;
19,
9i;
25;
22;
10

1,346,067
4,731,472
7,203,260
7,703,020

50,000

Gold certifi- Silver cercates.
tificates.
$4,243,000
9,643,000
8,464,000
3,749,000
1,207,000
1,949,000
3,756,000

Total.
$12,537,027
17,717,868
15,322,417
17,705,793
22,937,753
15,106,597
13,358,269
16,762,467
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
15.550.006
27.741.439
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
7.417.646
10.109.734
17.672,613
11,790.288
11,623,525
24.475,063
10,739.397
2,002,981
13.211.975
13.633,198
10,430,539
16,919,024
11.102.727
5.958.489
13.058.663
9,802.573
10.470.323
25.082,704
14.467.304
7,745,565
17,474.061
15,019.177
13,744; 846
18.111. 543
9,609,325
13,209,136
11.254.963
12.273,926
9.199, 600
23,578,394
9.193.201
11.734,430
19,468.020
16.669,969
12,937,145
19,150,737
14,110,249
8,223,039
15,861,515
14.565,011
18,465.632
26.625.329
9,035.874
11,681,448
16.945.407
15.790.545
19,420,052
13,268,533
16,877,071
16,034.896
34,068,288

235

TREASURER.

N o . 5 5 . — A M O U N T OP EACH K I N D OP MONEY USED IN SETTLEMENT OF CLEARINGHOUSE BALANCES AGAINST THE SUBTREASURY IN N E W YORK DURING EACH MONTH,
PROM JANUARY, 1890—Continued.
Month.
1898—November .
December..
1899—January
February . .
March .*....
April
May
Juiie
. July
August......
September.
October
November .
December..
190&—January . . .
Pebruary . .
March . . . . .
April
May
June
July
August
September .
October
November .
December..
1901—January . . .
February . .
March
April
May
June
July
August.
September.
October
November .
December..
1902—January . . .
February . .
March
April
May

Gold coin.
$14,675,000
14,890,000
34,620,000
12,746,000
11,366,000
17,585,000
36,350,000
12,456,000
13,890,000
14,836,000
7,516,000

6,650,000

Jurie

July
August
September.
October
November .
December..
1903—January
February . .
March
April
May
June
.Inly
August
September .




UnitedStates
hotes.
$122,019
233,161
239,338
194,677
205,208
230,511
254,949
241,833
211, 744
221,443
110,933
407,913
6,478
6,041
2,170,143
82,248
23,472
19,453
17,410
15,569
18,808
23,485
17,725
23,210
15,683
18,836
24,308
17,414
20,717
21,195
25,587
23,923
' 24,794
26,634
16.326
24.722
20.388
20.591
20.101
19.523
21, 274
23.906
22.281
20,997
28,176
25,344
21,956
29,078
22.493
24.106
28.485
15,674
19,353
27,339
26,767
32,833
22,672
25.648
25,341

Treasury
notes.

Gold certifi- Silver cercates.
tificates.

Total.
797,019
123,161
859.338
940.677
570,208
815,511
604,949
696,833
101.744
056,443
304,433
990.833
642,978
786,041
130,243
344,248
274,472
912,453
562,410
779,569
736,808
083,486
614,726
177,210
203,583
598,836
977,308
365,414
686,717
292,195
478.687
365;923
851,794
657.534
896.326
766,722
'547,388
301,591
599.101
757, 523
641,274
716,906
921,281
010,997
295,176
246,344
380.955
253,078
340,493
321.106
901.485
408,574
987,353
413,339
112,767
680,833
310,672
492,648
713,341

236
No.

REPORT ON T H E F I N A N C E S .
5 6 . — M O N T H L Y RECEIPTS FROM CUSTOMS AT THE PORT OF N E W YORK
PERCENTAGE OP EACH K I N D OF MONEY RECEIVED, PROM 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
May
June
July
August
September
October ...
November.
December.
1896—January . . .
February..
March
April
May
June
July
August
September
October ...
November.
December.
1896—January . . .
February..
March
April
May
June
July
August
September.
October . . .
for FRASER m b e r .
Nove

Digitized


Receipts.

$15,223,
13,888,
12.569.
13.617,
10,671.
14,492.
17.173,
12,978,
15,767,
16,093,
10,154,
10,704,
16,794,
12,280,
10,520,
7,711,
7,449,
9,131
11,303
10,460
9,961
9,337,
8,502,
9,314
11,960,
11,628,
10,871,
8,879,
8,103
9,591,
12,295
13,175
11,335
10,341
9,951
10,570
15,291
12,439,
2,805,
2,717
9,967,
9,337,
10,220.
8,188,
7.964,
7,537,
6,312.
5.645,
8,315,
7.424,
7,448,
6,732,
6,238,
6,181,
6,175,
8,723,
9,692
8.228.
6.769.
7.432,
12,817,
9,341
9,798,
8,824,
8,104,
7,510,
10,633,
10,296,
9,756
9,299,
7,703,
8,819,
10.424.
10.077.
9,319,
7,583,
7,359,
7.213.
8.258,
8,449,
7,618,
7,163,
6,645,

Gold
coin.

Silver
coin.

United
States
notes.

Treasury
notes.

P e r cent. P e r cent. P e r cent. P e r
4.6
0.1
0.0
3.0
0.1
0.1
2.7
0.1
0.1
2.7
0.2
0.1
3.6
0.2
0.1
2.7
0.1
0.0
2.5
0.1
0.1
3.6
0.1
0.0
1.9
0.1
0.1
2.1
0.2
0.0
2.9
0.3
0.1
3.0
0.3
0.1
4.1
0.1
0.0
0.1
5.0
0.0
0.2
6.0
0.0
0.2
7.2
0.0
0.2
15.0
0.0
0.2
.44.6
0.0
0.2
49.0
0.0
0.2
50.5
0.0
0.1
•0.1
55.3
0.2
0.0
44.0
0.1
0.0
3L3
0.1
0.0
14.8
0.1
0.0
15.0
0.1
0.0
36.2
0.1
0.0
42.5
0.2
0.0
.46.4
0.1
0.0
40.6
0.2
0.0
26.8
0.1
0.0
28.4
0.0
0.0
25.6
0:0
0.0
45.8
0.1
"0.0
51.9
0.1
0.0
52.8
0.0
0.0
46.4
0.0
0.0
42.1
0.0
0.0
33.3
0.0
0.0
28.0
0.1
0.0
41.0
0.1
0.0
26.2
0.0
0.0
53.0
12.5
0.0
56.6
47.4
0.3
37.6
58.1
0.2
16.3
37.6
0.1
.20.7
31.0
0.1
16.3
28.0
0.1
11.6
17.0
0.1
11.2
7.2
0.1
20.5
3.8
0.1
31.4
2.8
0.1
21.9
2.3
0.1
9.6
1.9
0.1
6.8
0.0
0.1
23.4
0.5
0.1
29.6
0.1
0.1
44.5
0.0
0.1
58.9
0.0
0.1
55.0
0.4
0.1
64.4
0.7
0.1
53.6
0.3
0.0
63.1
0.2
67.0
0.0
0.1
60.6
0.1
0.1
54.8
0.1
0.1
60.2
0.1
0.2
67.1
0.1
0.0
72.4
0.1
0.0
78.1
0.0
0.1
74.8
0.1
0.0
73.4
0.0
0.0
68.6
• 0.0
0.0
47.4
0.0
0.0
•53.4
0.0
0.0
0.0
65.4
0.0
0.0
62.7
0.3
0.0
60.1
0.0
0.0
40.0
0.0
0.0
53.1
0.0
0.0
70.4
0.0
0.0
73.8
0.2
0.0
65.4
3.7
0.0
. 56.8

cent.

3.5
11.0
15.5
14.6
6.9
5.2
7.3
12.4
25.6
30.2
28.9
27.4
31.5
28.4
31.6
22.3
16.7
14.5
28.6
33.0
31.6
36.4
49.1
42.2
51.9
39.7
35.0
33.0
40.0
33.2
36.8
48.5
32.7
35.9
35.0
15.0
5.3
6.2
10.2
6.4
8.1
11.8
1.5.5
15.2
9.6
7.0
7.6
17.1
21.9
31.8
14.0
13.1
6.2
5.0
5.2
2.1
3.4
8.7
3.4
1.9
2.1
1.7
LO
LO
1.8
2.7
2.8
L3
0.7
0.8
L3
0.7
0.6
0.4
0.4
0.4

Gold
certificates.

AND

Silver
certificates.

Per cent. P e r cent.
92. b
2.8
95.0
1.8
95.7
1.4
95.4
1.6
93.6
2.5
94.5
2.7
95.3
2.0
91.7
1.7
85.5
1.4
80.9
1.3
80.4
1.7
87.8
1.9
88.5
2.1
6.6
81.0
16.5
64.9
20.0
47.0
27.8
26.8
12.3
14.0
14.9
8.5
12.6
6.2
11.7
4.4
19.8
4.4
43.5
2.8
65.3
3.1
66.1
4.3
25.8
9.3
18.7
. 5.7
14.9
6.9
9.9
13.0
8.0
15.9
13.8
15.5
12.1
10.4
, 3.6
10.9
6.6
6.4
7.8
6.3
4.4
9.2
8.9
15.8
9.2
20.7
7.8
15.7
2.9
23.3
0.0
37.8
0.0
12.0
4.6
12.3
4.3
5.1
1.7
17.6
0.1
31.3
0.4
45.8.
1.1
51.1
0.6
59.3
0.5
56.2
49.4
0.1
65.6
0.0
0.0
81.0
0.0
83.6
0.0
59.4
0.0
47.9
0.0
23.5
0.0
27.0
0.0
31.8
0.0
38.9
0.0
40.6
0.0
31.4
0.0
30.7
0.0
0.0
0.0
0.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0

237

TREASURER.

No.
5 6 . — M O N T H L Y RECEIPTS FROM CUSTOMS AT THE PORT OF N E W YORK AND
PERCENTAGE OP EACH K I N D OP MONEY RECEIVED, PROM JANUARY, 1890—Cont'd.
Month.

1896—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
May
June
July
August.
September..
October
November..
December..
1901—January
February...
March
April
May
June
July
August
September..
October . . . .
November..
December..
1902—January
February...
March
April
,
May
June
,
July
August
• September.,
October . . . .
November.
December.
1903—January —
February..
March
April
May
June
July
August

September.

Receipts.

$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
11,581,844
12,515.437
12.188.922
13,546,939
11,624,873
11,681,989
11,294,484
11,680,682
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
12.464.539
11,792,052
13,413, 613
11,846,424
12.444.501
14,890,029
12,591.569
12.892.441
12.692,915
13.284,125
11.226.278
14,151,128
13,158,807
13.000.471
16.710,110
12,846,422
14.401,510
14,646,929
14,042,171
14,428,786
13,561,698
12,863,401
12,632,308
15,922, 111
16,227,299
16,945,709
17,235,696
14,454,619
15.911.502
15,611,978
13,813,215
16,271,650
13,389,932
12,400,003
12,664,440
15,685,629
16,169,108
16,291,421



Gold
coin.

Silver
com.

United
States
notes.

P e r cent. P e r cent. P e r
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
0.0
0.0
0.0
0.0
0.0
0.6
0.1
0.4
0.8
0.1
0.0
3.6
5.0
0.0
0.0
9.7
0.0
6.8
0.0
6.1
0.0
17.6
0.0
52.7
0.0
73.5
0.0
67.7
59.9
0.0
0.0
•63.8
0.0
78.0
0.0
79.6
0.0
77.5
0.0
80.2
0.0
78.4
0.0
81.0
0.0
85.6
0.0
85.9
0.0
83.6
0.0
83.4
0.0
85.3
88.3
0.0
79.2
0.0
0.0
30.8
0.0
24.6
0.0
12.8
0.0
5.5
0.0
4.0
0.0
6.-6
0.0
4.6
0.0
2.9
0.0
3.3
0.0
1.8
0.0
3.1
3.7
0.0
0.0
2.5
2.5
0.0
0.0
2.9
0.0
4.9
0.0
7.1
0.0
8.4
0.0
3.9
0.0
5.0
0.0
3.2
0.0
4.3
0.0
6.2
0.2
4.7
0.0
2.2
1.7
0.0
0.0
5.2
0.0
0.2
0.0
1.5
0.0
0.2
0.0
0.2
0.0
1.6
0.0
• 0.2
0.2
0.0
0.6
0.0
19.0
0.0
0.3
0.0
3.2
0.0
4.8
0.0
0.0
2.3
L2
0.0
0.0
°2.3
4.2
0.0
3.0
0.0
1.1
0.0
0.0
.0.7
0.4
0.0
0.0
0.6

Treasury
notes.

cent. P e r
56.7
42.6
36.2
5L7
48.0
46.3
61.6
68.8
62.2
66.9
67.8
63.0
60.0
54.1
63.6
60.9
33.9
15.3
17.7
22.6
17.6
9.9
8.6
10.6
8.7
6.9
5.9
- 4.4
4.2
4.9
4.9
5.3
3.7
2.7
2.8
1.9
1.8
3.0
3.2
2.5
5.1
4.1
4.4
6.3
1L3
9.6
6.9
5.1
5.1
8.3
7.6
9.6
9.3
5.5
6.6
•3.1
3.5
3.6
2.1
2.3
2.5
5.9
4.3
2.1
2.1
2.2
L8
1.3
1.3
1.2
1.2
1.1
1.0
3.4
0.9
0.7
1.9
1.2
Ll
0.8
0.6
0.4

Gold
certificates.

cent: P e r
0.7
9.2
20.2
27.6
28.8
13.6
6.2
2.7
1.7
L8
0.8
1.7
0.8
1.2
L2
0.3
0.4
0.5
0.3
0.4
0.3
0.3
0.3
0.3
0.3
0.2
0.1
0.2
0.1
0.2
0.2
0.1
0.2
0.1
0.4
0.0
0.0
0.0.
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0

Silver
certificates.

cent. P e r cent.
0.0
42.6
0.0
48.2
0.0
43.6
0.1
20.7
0.0
22.9
0.0
40.1
0.0
32.2
0.0
27.9
0.0
35.6
0.0
30.4
0.0
27.8
0.0
30.3 •
0.0
. 29.6
0.0
37.9
0.0
29.1
0.0
2L2
0.0
13.0
0.0
10.7
0.0
14.3
0.0
17.1
0.0
18.3
0.0
11.8
0.0
n.6
0.0
n.6
0.0
10.8
0.0
14:6
0.0
13.0
0.0
0.0
0.0
n.3
0.0
0.0'
n.5
2.0
5.8
12.3
5.7
57.9
8.1
71.7
1.8
83.2
2.2
76.5
16.0
65.6
27.3
7L6
19.4
82.5
7.8
.78.2
14.8
75.3
17.0
78.5
13.4
73.5
12.1
82.8
3.9
88.2
2.4
88.-5
3.9
88.9
3.1
76.9
9.9
79.9
5.4
77.1
4.9
83.4
3.4
84.6
4.9
84.2
6.0
89.8
2.7
86.4
3.8
88.6
2.3
93.1
2.6
92.5
3.6
87.3
5.0
85.8
8.1
89.7
4.5
96.7
1.0
97.1
0.6
94.4
L8
97.3
0.7
97.9
0.6
97.6
0.6
79.3
0.5
98.0
0.6
95.2
0.5
93.7
0.5
93.7
0.6
97.4
0.5
96.6
0.4
93.4
0.5
95.3
0.5
97.3
0.5
98.1
0.4
98.7
0.3
98.6
0.4

238
No.

REPORT ON T H E F I N A N C E S .
57.—SUBSIDIARY SILVER OF EACH DENOMINATION IN EACH OFFICE OP THE TREASURY AND M I N T J U N E 30, 1903.

Tw
y
Fifty c e n t s . five ecn tn t-s
e

Office.

Unassorted
a n d uncurrent.

T w e n t y Ten cents. Five Three
cents. cents.
cents.

Total.

TREASURY.

Washington
$627,840.00 •$236,170.00
257,700.00 249,900.00
Baltimore
Boston
42,361.50
- 20,048.00
307,000.00 223,000.00
Chicago
29.000.00
48,000.00
Cincinnati
New Orleans .
612.570.00 215,540.00
New York
656.000.00 614,000.00
Philadelphia...
90.000.00 990,000.00
San Francisco.. 231,390.50 119,519.75
St. Louis
186,650.00 116,950.00

$3.80
7.00

10.00

$8,335.00 $109.90 $16.02
34,800.00
8.10
8,585.60
14,000.00
16,000.00
20,815.00
5.00
72,000.00
40,000.00
6,179.20 77.3U
22,200.00

$114,223.28 $986,698.00
25,017.45
567,417.45
112,876.30
183.886.60
255,001.00
799.001.00
39,645.00
132.645.00
10,039.53
858,969.53
145,285.90 1,487,285. 90
183,185.46 1,303,185.46
43,43L25
400, 608.00
45,454.00
371,254.00

MINT.

Boise City
Carson C i t y . . .
New Orleans
New York
Philadelphia . . .
San F r a n c i s c o . .
Total

No.

4.66
91,626.00
110.50
.416,000.00
640,554.00

1,098.80
32,835.00
408.10
252,180.40
102,053.40

245.25
134,295.00
308.25
323,000.00
166,041.00

4.166,488.00 3,479,330. 75

20.80

2,278.70
3,180. 90
702.68

631,490.50 200.30

58.-^MiN0R COIN OP EACH DENOMINATION IN EACH
AND M I N T , J U N E 30, 1903. "

Office.

Five
cents.

Three
cents.

Two
cents.

16.02

4.66
1,344.05
261,033.70
826.86
994,361.30
909,350.98

980,326.01 9,257.872.38

OFFICE OP THE TREASURY

One cent.

Unassorted
and uncurrent.

Total.

TREASURY.

Washington..
Baltimore
Boston
Chicago
Cincinnati
New Orleans
NewYork.
Philadelphia
SanFrancisco.
St. Louis

$26.305.00
15,200.00
5.275.00
11.050.00
1.500.00
6,175.00
43.000.00
34,500.00
8,286. 95
3.000.00

$5,873.00
5,330.00
9,438.97
11,340.00
2.500.00
1.134.75
18.000.00
1,260.39
1,350.00

$5,240.79
1,183.70
17,902.07
6,899.98
2,952.07
2,151.22
28,077.00
11,440.40
1,800.00
2,474.98

$37,418.79
21,713.70
32,616.04
29,289.98
6,952.07
9,460.97
89,077.00
45,940.40
11 347 34
6,824.98

278,781.00

104,709.58

.54
63.56
.196,613.72

54
53 55
579,104.30

433,072.95

160,936.69

275,790.02

869,799.66

.

MINT.

New Orleans
New York
Philadelphia.
Total




239

TBEASUBER.
No.

59.—SHIPMENTS

OF SILVER COINS PROM EACH.OFFICE OF THE TREASURY AND
MINTS, PROM JULY 1, 1885.
During fiscal year 1903.
Total to June
30,1902.

Office.

Subsidiary
silver.

Total for year.

Total to June
30, 1903.

$371,204.00
512,935.00
1,459,525.00
4.402,288.05
2,034,470.70
839,600.40
3,922, 739.30
2,649,899.60
1,782,610.00
3,280,465.00

Standard
dollars.

$1,878,878.00
901,885.00
2,925,525.00
14,050,860.06
6,410,444.70
9,986,897.40
5,108,238.30
5,270, 579.60
3,494,610.00
11,664,788.00

$25,104,250.74
7,361,153.38
60,513,550.65
156,869,008.43
73,568,134.91
82,634,042.07
73,596,531.14
52,720,685.96
43,921,621.25
114,543,923.08

i, eis, sii 35

653,630.00
67, 250,311.70
26,921,984.13
7,614,490.00

TREASURY.

Washington . . .
Baltimore
Boston
Chicago
Cincinnati
New Orleans
New York
Philadelphia
San Francisco
St. Louis

$23,225,372.74 $1,507,674.00
6,459,268.38
388 950.00
57,588.025.65
1,466,000.00
142,818,148.38
9,648,572.00
67,167,690.21 4,375,974.00
72,647,144.67
9,147, 297.00
68; 488,292.84 1,185,499.00
47,450,106.36
2,620,680.00
40.427. Oil. 25 1,712,000.00
8,384,323.00
102.879.135.08

MINT.

Carson
New Orleans
Philadelphia
San Francisco .
Total

653,630.00
65,631,999.35
25,288,403.88
7,264,490.00
..

1,233,812.35
1,547,895.25
a 75,000.00

727,978, 718.79

.

384, 500. 00
85, 685.00
a 275,000.00
41,182,154.00

24,112,444.65

1,633,580.25
a 350,000.00
65,294,698.65

793 273,317.44

a Shinned to Honolulu, to be used in exchange for Hawaiian coins, act of January 14, 1903.

No.

60.—SHIPMENTS

OF SILVER COIN FROM THE TREASURY OFFICES AND MINTS

DURING EACH FiSCAL Y E A R ' F R O M
TATION. .
Standard
dollars.

Fiscal year.
1890
1891
1892.... .
1893
1894..
1895
1896
1897
1898
1899
1900
1901
1902
1903

:....

•




$27,283,457.90
29, 299,237.20
24,614,686.95
27,098,582.65
24,616,980.50
27,165,466.80
28,412,300.35
29,600,036.10
33,270,610.00
33,305,262.00
36,284,791.80
38,338,519.00
40,404,325.00
41,182,154.00

1890, AND CHARGES THEREON FOR TRANSPOR-

Subsidiary
silver.

Total.

Charges.

$9,405,227.50 $36,688,685.40
$73,045.73
ll;598,692.10
40.897.929.30
77,257.62
14,270,479.51 -38.885,066.46
76,178.69
11,957,903.90
71,980.77
39,056,486.55
9,281,407.08
67,086.44
33,798.387.58
11.885,117.47
78,333.84
39,040,584.27
12,458,107.03
78,755.54
40,870.407.38
12,029.955.29
81,526.24
41.629, 990.39
15.330.205.24
110.065.53
48,600,815.24
50,323,798.65 . 111.741.61
17.018.536.65
125.969.37
55,992.694.35
19.707.902.66
125,742.99
59.413,665.85
21,075,146.85
124,003.65
62,276,284.35
21,871,959.35
132,265.05
66,294,598.65
24,112,444.65

Rate per
$1,000.
$1.99
1.89
1.96
1.84
1.98
2.01
1.93
1.96
2.26
2.22
2.25
2.12
L99
2.03

240

REPORT

ON T H E

FINANCES.

N o . 0 1 . — B A L A N C E IN THE TREASURY OP THE UNITED STATES; AMOUNT IN TREASURY
OFFICES, AND AMOUNT IN DEPOSITARY BANKS, AT THE END OP EACH CALENDAR
Y E A R FROM THE ADOPTION OP THE CONSTITUTION IN 1789 TO 1842,
AND AT THE
END OP EACH F I S C A L Y E A R T H E R E A F T E R TO 1903.

Balance in the Treasury, a
Date.

1789—December 31
1790—March 31
J u n e 30
S e p t e m b e r 30
D e c e m b e r 31
1791—June 30
S e p t e m b e r 30
D e c e m b e r 31
1792—March 3 1 .
J u n e 30
S e p t e m b e r 30
D e c e m b e r 31
1793—March 31
J u n e 30
D e c e m b e r 31
1794—December 31
1795—December 31
1796—December 31
1797—December 31
1798—December 31
1799—December 31
1800—December 31
1801—December 31
1802—December 31
1803—December 31
1804—December 31
1805—December 31
1806—December 31
1807—December 31
1808—December 3 1 . .
1809—December 31
1810—December 31
1811—December 31
1812—December 31
1813—December 31
1814—December 31
1815—December 31
1816—December 31
1817—December 3 1 . .
1818—December 31
1819—December 31 .
1820—December 31
1821—December 3 1 . .
1822—December 31
1823—December 3 1 . .
1824—December 31
1825—December 3 1 .
1826—December 31
1827—December 31
1828—December 3 1 . .
1829—December 31
1830—December 3 1 . .
1831—December 31
1832—December 31
1833—December 31
1834—December 31
1835—December 31
1836—December 31
1837—December 31
1838—December 31
1839—December 31
1840—December 3 1 ' . .
1841—December 31
1842—December 31
1843—June 30
1844—June 30
1845—June 30
1846—June 30

In Treasury
offices.

$10,490.54

. . .
232.14

. . . .

.

.

.•

..

„

700,000.00
1,025,610.63
1,268,827.62
691,097.04
1,414,029.62
205,330.74
380,199.04
669,889.11
390,199.04
725,199.04
768,000.00

I n depositary
banks.
$28,239.61
60,613.14
155,320.23
349,670.23
570,023.80
671,699.00
679,579.99
973,905.75
751,377.34
623,133.61
420,914.51
783,212.37
1,035,973.09
561,435.33
753,661.69
1,151,924.17
516,442.61
888.995.42
1.021,899.04
617.451.43
2,161,867.77
2,623,311.99
3,295,39L00
5,020,697.64
4 , 8 2 5 , 8 n . 60
4,037,005.26
3,999,388;99
4,538,123.80
9,643,850.07
9,941,809.96
3,848,056.78
2,672,276.57
3,502,305.80
3,862,217.41
5,196,542.00
1,727,848.63
13,106,592.88
22,033,619.19
14,989,466.48
1,478,626.74
2,079, 992.38
1,198,46L21
1,681,592.24
4,193,690.68
9,431,353.20
1,887,799.80
5,296,306.74
6,342,289.48
6,649,604.31
5,965,974.27
4,362,770.76
4,761,409.34
3,053,513.24
911,863.16
10,658,283.61
7,861,093.60
25,729, 315.72
45,056,833.54
6,779,343.01
5,364,887.61
3,992,319.44
290,532.18
170, 361.73
1,699,709.09
10,525,267.10
8,222,651.19
7,385,450.82
'8.915.869.83

Total.
$28,239.61
60,613.14
155,320.23
349,670.23
' 570,023.80
582,189.64
679,579.99
973,905.75
,751,377.34
623,133.61
420,914.51
783,444.51
- 1,035,973.09
561,435.33
753,661.69
1,151,924.17
616,442.61
888.995.42
1,021,899.04
617.451.43
2,161,867.77
2,623,311.99
3,295,391.00
5,020.697.64
4,826,811.60
4.037.005.26
3,999,388.99
4,538,123.80
9,643,850.07
9,941,809.96
3,848,056.78
2.672.276.57
3.502.305.80
3.862.217.41
5.196.542.00
1,727,848.63
13,106,592.88
22,033.519.19
14.989.465.48
1.478.526.74
2.079, 992.38
1.198,461.21
1,681, 592.24
4,193,690.68
9,431,353.20
• 1,887,799.80
5,296,306.74
6,342,289.48
6,649, 604.31
5.966.974.27
b4,362,770.76
4,761,409.34
3,053,613.24
911,863.16
10,658,283.61
7,861,093.60
25,729,315.72
45,756,833.64
• c6,804,953.64
6,633,715.23
4,683,416.48
1,704.661.80
376.692.47
2,079,908.13
11,195.156.21
8.612.850.23
8.110,649.86
9.683.869.83
.

Number
of
depositary
banks.
3
3
3
3
3
3
4
6
6
9
9
8

14
16
15

94
29

58
55
58
60
59
59
56
40
40
42
41
62
50
44
91
54
43
27
11
19
26
30
34
43
49

aThis statement is made from warrants paid by the Treasurer of the United States, to December 31,
1821, and by warrants issued after that date.
&The unavailable funds are not included from and after this date.
cThe. amount deposited with the States under act of June 23, 1836, having been taken out of the
control of the Treasury Department, by the act of October 2.1837, is not included from and after this
date.




241

TEEASUBEB.

"So, 0 1 . — B A L A N C E IN THE TREASURY OP THE UNITED STATES; AMOUNT IN TREASURY
OFFICES, AND AMOUNT IN DEPOSITARY BANKS, AT THE END OF EACH CALENDAR
Y E A R PROM THE ADOPTION OP THE CONSTITUTION IN 1789 TO 1842, AND AT THE

END OF EACH FiSCAL YEAR THEREAFTER TO 1903—Continued.
Balance in the Treasury.
Date.

In Treasury
offices.
$5, 446.382.
758.332.
3, 208,822.
7, 431,022,
12, 142,193,
15, 097,880,
22, 286,462.
20, 300, 636.
19, 529,841.
20, 304,844.
18, 218,770.
0, 698.167.
4, 685,625.
931.287.
2, 005,285.
18, 265,984.
8, 395.443.
72, 022.019.
5, 346, 956.
101 844,867.
125, 813,153.
86, 631, 229.
111, 576,414,
102, 521,920.
82. 607, 293.
60, 872,563,
49, 194,276.
64, 723,630.
61, 712,042.
61, 427,414.
84, 394,007.
130, 570, 678.
159, 020,734.
160, 528,170,
173, 974,146,
152, 941,618,
151, 579,255.
154, 557,552.
171, 851,780.
218, 277,107.
188, 625.383,
189, 395,440,
167: 646, 333,
164: 061,481,
135,,448,137,
118, 728,662.
114,
108,,862,278.
185, 462, 220.
s
258, 369,687
.,
232, 221,832.
;,
175, 304,043.
214' 438,942,
214; 193.189,
234, 206,233,
245:. 964,115,
248 045,797,
686,097,

1847—June 30 .
1848—June 30 .
1849—June 30 .
1850—June 30 .
1851—June 30 .
1862—June 30 .
1853—June 30 .
1854—June 30 .
1855—June 30..
1856—June 30 .
1857—June 30 .
1858—June 30 .
1859—June 30 .
1860—June 30 .
1861—June 30 .
1862—June 30 .
1863—June 30 .
1864—June 30 .
1865—June 30 .
1866—June 30 .
1867—June 30 .
1868—June 30 .
1869—June 30 .
1870—June 30 .
1871—June 30 .
1872—June 30 .
1873—June 30 '.
1874—June 30 .
1875—June 30 .
1876—June 30 .
1877—June 30 .
1878—June 30 .
1879—June 30 .
1880—June 30 .
1881—June 30 .
1882—June 3 0 . .
1883—J u n e 3 0 . .
1884—June 3 0 . .
1885—June 3 0 . .
1886—June 3 0 . .
1887—June 3 0 . .
1888—June 3 0 . .
1889—June 30..
1890—J u n e 3 0 . .
1891—June 3 0 . .
1892—June 30-.
1893—June 30..
1894—June 30.:
1895—June 30.,
1896—June 30.,
1897—June 30.
1898—J u n e 30.
1 8 9 9 - J u n e 30.
1900—June 30.
1901—June 30.
1902—June 301903—June 30.

FI 1903-

-16




In depositary
banks.

980,756.39
073,353.73
298,320.54
208,353.78
779.797.62
597.927.34
206.180.34
6, 919.745.59
12 501.596.08
233.651.11
i: 435.966.69
562.679.52
7: 520,194.76
7. 299,999.28
46, 928,268. 56
208, 033.840.24
7, 771,233.90
704,830.83
381.712.90
9, 803,381.79
10, 488.827.63
10, 770, 579.96
13, 822.070.80
18, 975.315.41
54, 698,728.36
43, 090, 750. 53
26: 779,703.32
21; 399,689.16
lOi, 450,130.01
9,, 962, 526.00
10, 423.767. 61
10, 978, 505.80
\
11 415.474.42
12; 162,158.05
:;
33, 843.700.81
•70: 295.326.94
92, 621,371.72
93, 442.683.09
117: 141,564.13
140: 001.016.70

r
n:

Total.
$5, 446, 382.
758,332.
3, 208,822.
7; 431,022.
12, 142,193.
15. 097,880.
22: 286,462.
20: 300, 636.
19, 529,841.
20, 304,844.
18, 218,770.
6, 698.157.
4, 685, 625.
3, 931,287.
2, 005,285.
18, 265,984.
8, 395,443.
112, 002, 776.
41, 420, 309.
143,187,
136, 021,507.
151, 411,026.
109,
120, 174,341.
no, 728,101.
89, 527,039.
73, 374.158.
56, 427,827.
72, 159,597.
63, 274,721.
58, 947, 608.
. 91, 694,006.
177, 498,846.
367, 054,575.
168, 299,404.
182, t)78,977,
162, 323.331.
161, 382,637,
165, 046,380,
182, 622,360,
232, 099,178,
207, 600,698
244, 094,169.
210, 737,083
190, 841,184
156, 847,826.
129, 178,792.
124, 824,804
118, 885, 988.
196, 348,193,
269 637,307,
244: 466,201,
',
209; 282,643,
284 488,516
,827,605.
;, 406,798.
362, 187,361
686,114.

Number
of
depositary
banks.

204
330
382
385
370
276
148
159
163
158
154
145
143
145
124
127
131
130
134
140
135
132
160
200
290
270
205
185
159
160
155
160
160
168
172
357
442
448
577
713

242

REPORT ON T H E F I N A N C E S .

N o . 0 2 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OF PUBLIC MONEYS.
[Corrected to October 1, 1903.]

Title of bank.

State.

REGULAR DEPOSITARIES.

First National Bank, Bir- Alabama.
mingham.
Alabama National Bank,
Do.
Birminghani. .
Merchants and Planters'—
Do.
Farley National Bank,
Montgomery.
City National Bank, TuscaDo.
loosa.
First National Bank, Juneau. Alaska.
Exchange National Bank, Arkansas.
Little Rock.
Prescott National
Bank, Arizona.
Prescott.
First National Bank, Eureka. California.
Los Angeles National Bank,
Do.
Los Angeles.
National Bank of D. 0. Mills
Do.
iSi Co., Sacramento.
First National Bank, San
Do.
Francisco.
American National Bank,
Do.
San Francisco.
Nevada National Bank, San
Do.
Francisco.
First National Bank, Den- Colorado.
ver.
Colorado National Bank,
Do.
Denver.
Denver National Bank, DenDo.
ver.
First National Bank,Durango
Do.
First National Bank, MontDo.
rose.
First Natidnal Bank, Pueblo.
Do.
First National Baruk, Bridge- Connecticut.
port.
Charter Oak National Bank,
Do.
Hartford.
Second National Bank, New
Do.
Haven.
National Bank of Commerce,
. Do.
New London.
Thames National Bank, NorDo.
wich.
First National Bank, Wil- Delaware.
mington.
Central National
Bank. District of ColumWashington.
bia.
National Bank of Jackson- Florida.
ville, Jacksonville.
American National Bank,
Do.
Pensacola.
First National Bank, Tampa.
Do.
Atlanta National
Bank, Georgia.
Atlanta.
Do.
Lowry National Bank, Atlanta.
Do.
Merchants' National Bank,
Savannah.
First National Bank of Ha- Hawaii.
waii, Honolulu.
Boise City National Bank, Idaho.
Boise.
First National Bank, Chicago. Illinois.
Corn Exchange National
Do. .
Bank, Chicago.
Fort Dearborn
National
Do.
Bank, Chicago.
Do.
Millikin National Bank Decatur.
Southern Illinois National
Do.
•
Bank, East St. Louis.
Farmers' National Bank,
Do.
Pekin.
German-American National •• D o . .
Bank, Pekin.
First National Bank, Peoria. 1
Do.
1




Title of bank.

State.

REGULAR DEPOSITARIES—

continued.
Commercial National Bank,
Peoria.
German-American National
Bank, Peoria.
Illinois National Bank,Peoria
Merchants' National Bank,
Peoria.
Peoria National Bank,Peoria.
Ricker National Bank,Quincy
Rock Island National Bank,
Rock Island.
First National Bank, Springtield.Illinois National
Bank,
Springfield.
State National Bank, Springfield.
Old National Bank, Evansville.
American National Bank,
Indianapolis.
Capital National Bank, Indianapolis.
Indiana National Bank, Indianapolis.
Merchants' National Bank,
Indianapolis.
Citizens' National Bank,
South Bend.
Vigo CountyNational Bank,
Terre Haute.
First National Bank, Vincennes.
German NationalBank, Vincennes.
Commercial National Bank,
Muscogee.
First National Bank, Burlington.
First National Bank, Council
Bluffs.
First National Bank, Davenport.
Citizens' National B a n k ,
Davenport.
Citizens' National Bank, Des
Moines.
Iowa National Bank, Des
Moines.
Second National Bank, Dubuque.
First National Bank, Ottumwa.
First National Bank, Sioux
City.
Security National B a n k ,
Sioux City.
Lawrence National Bank.
Lawrence.
First National Bank, Leavenworth.
Leavenworth National Bank,
Leavenworth.
Carrollton National Bank,
Carrollton.
First National Bank, Covington.
Citizens' National B a n k ,
Covington.
Farmers' National Bank,
Danville.
State National Bank, Frankfort. .
Lexington City N a t i o n a l
Bank, Lexington. .
First National Bank, Louisville.
1

Illinois.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Indiana.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Indian Territory.
Iowa.
Do.
Do.
Do.
Do.
. Do.
Do.
Do.
Do.
Do.
Kansas.
Do.
Do.
Kentucky.
Do.
Do.
Do.
Do.
Do.
Do.

2.43

TBEASUBEB.

N o . 021.—NATIONAL BANKS DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS—

Continued.
Title of bank.

State. '

REGULAR DEPOSITARIES—




State.

REGULAR DEPOSITARIES—

continued.

continued.
American National Bank,
Louisville.
Citizens' National Bank,
Louisville.
Southern National Bank,
Louisville.
Union National Bank, Louisville.
First National Bank, Owensboro.
National D e p o s i t B a n k ,
Owensboro.
State National Bank, Maysville.
New Orleans National Bank,
New Orleans.
Whitney National Bank,
New Orleans.
Granite National Bank, Augusta.
First National Bank, Bangor.
Merchants' National Bank,
Portland.
<
>
Merchants' National Bank,
Baltimore.
National Exchange Bank,
Baltimore.
National Mechanics' Bank,
Baltimore.
Second National Bank, Cumberland.
Merchants' National Bank,
Boston.
National Shawmut Bank,
Boston.
Mechanics' National Bank,
New Bedford.
Third NationalBank, Springfield.
First National Bank, Detroit.
Commercial National Bank,
Detroit.
Old Detroit National Bank.
Detroit.
Fourth N a t i o n a l B a n k ,
Grand Rapids.
Miners' National Bank, Ishpeming.
First National Bank, Marquette.
First NationalBank, Menominee.
Second National Bank, Saginaw.
First National Bank, Duluth.
First National Bank, Minneapolis.
First National Bank, St. Paul.
Second National Bank, St.
Paul.
First National Bank. Vicksburg.
First National Bank, Kansas
City.
American National Bank,
Kansas Oity.
National Bankof Commerce,
Kansas City.
First National Bank of Buchanan County, St. Joseph.
National Bank of St. Joseph,
St. Joseph.
Merchants-Laclede National
Bank, St. Louis.
National Bank of Commerce,
St. Louis.
State National Bank, St. Louis
First National Bank, Great
Falls,

Title of bank.

Kentucky.
Do.
Do.
Do.
Do.
Do.
Do.
Louisiana.
'

Do.

Maine.
Do.
Do.
Maryland,
Do.
Do.
Do.
Massachusetts.
Do.
.

Do.
Do.

Michigan.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Minnesota.
Do.
Do.
Do. •
Mississippi.
Missouri.
Do.
Do.'
Do.
Do.
Do.
Do.
Do.
Montana.

.American National Bank.
Helena.
National Bank of Montana,
Helena.
First National Bank, Lincoln.
First National Bank, Omaha.
Merchants' National Bank,
Omaha.
Nebraska National Bank,
Omaha.
Omaha National
Bank,
Omaha.
United States National Bank,
Omaha.
First National Bank, Concord
First National Rank, Portsmouth.
New Hampshire National
Bank, Portsmouth.
First National Bank. Jersey
City.
Union National Bank, Newark.
First National Bank, Paterson.
Paterson National Bank, Paterson.
First National Bank, Trenton.
First National Bank, Albuquerque.
First National Bank, Santa Fe
National Commercial Bank,
Albany.
National Exchange Bank.
Albany.
First National Bank. Binghamton.
Nassau National
Bank,
Brooklyn.
Third National Bank, Buffalo
Marine National Bank, Buffalo.
Second National Bank, Elmira.
Central National Bank, New
York.
Hanover National Bank, New
York.
Liberty National Bank, New
York.
National Bank of Commerce,
New York.
National Citizens' Bank, New
York.
National City Bank, New
York.
New Amsterdam National
Bank, New York.
Seaboard National Bank,
New York.
First National Bank, Oswego.
Westchester CountyNational
Bank, Peekskill.
Plattsburg National Bank,
Plattsburg.
Flour City National Bank,
Rochester.
Traders' National B a n k ,
Rochester.
Third National Bank. Syracuse.
Manufacturers' N a t i o n a l
Bank, Troy.
Second National Bank, Utica.
Blue Ridge National Bank,
Asheville.
Commercial National Bank,
Charlotte.

Montana.
Do.
Nebraska.
Do.
Do.
Do.
Do.
Do.
New Hampshire.
Do.
Do.
New Jersey.
Do.
Do.
Do.
Do.
New Mexico.
Do.
New York.
Do. .
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
North Carolina.
Do.

244
No.

REPORT ON T H E F I N A N C E S .
02.—NATIONAL

BANKS DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS-

COD tinued.
Title of bank.

State.

REGULAR DEPOSITARIES—




:

state.

REGULAR DEPOSITARIES—

continued.

continued.
First National Bank, Durham.
City National Bank, Greensboro.
Citizens' National Bank, Raleigh.
People's National Bank, Winston.
First National Bank, Fargo..
Second National Bank, Minot
Minot National Bank, Minot.
First National Bank. Chillicothe.
First National Bank. Cincinnati.
Third National Bank, Cincinnati.
Fourth National Bank, Cincinnati.
Citizens' National Bank, Cincinnati.
Ohio Valley National Bank',
Cincinnati.
Bankof Commerce, National
Association, Cleveland.
Deshler National Bank, Columbus.
Hayd en-Clinton
National
Bank, Columbus.
Third National Bank, Dayton.
Second National Bank, Hamilton.
Miarhi Valley National Bank,
Hamilton.
Merchants' National Bank.
Middletown.
First National Bank, Toledo.
Second National Bank, Toledo.
Capitol National Bank, Guthrie.
Western National Bank, Oklahoma City.
First National Bank, Portland.
Merchants' National Bank,
Portland.
First National Bank, Altoona.
First National Bank, Erie
First National Bank, Harrisburg.
Conestoga National Bank,
Lancaster.
New First National Bank,
Meadville.
First National Bank, Philadelphia.
Corn Exchange National
Bank, Philadelphia.
Merchants' National Bank,
Philadelphia.
Quaker City National Bank,
Philadelphia.
Second National Bank, Pitts- •
burg.
Mellon National Bank, Pittsburg.
Tradesmen's National Bank,
Pittsburg.
First National Bank,Reading
Third National Bank, Scranton.
First National Bank, Wilkesbarre.
First National Bank, York...
First National Bank, Newport.

Title of bank;

North Carolina.
Do.
Do.
Do.
North Dakota.
Do.
Do.
Ohio.
Do.
Do.
Do.
Do.
Do.
. Do.
Do.
Do.
DO.
Do.
Do.
Do.
Do.
Do.
Oklahoma.
Do.
Oregon.
Do.
Pennsylvania.
Do.
Do.
Do.
Do. •

Do.
Do.
Do.
Do.
•Do.
Do.
Do.
Do.
Do.
Do.
Do-.
Rhode Island.

First National Bank. Providence.
First N a t i o n a l Bank,
Charleston.
Carolina National Bank. Columbia.
Aberdeen National Bank,
Aberdeen.
First National Bank, Deadwood.First National Bank, Huron..
First National Bank, Rapid
City.
Minnehaha National Bank,
Sioux Falls.
National Bank of Bristol,
Bristol.
Chattanooga National Bank.
Chattanooga.
Manufacturers' N a t i o n a l
Bank, Harriman.
East Tennessee National
Bank, Knoxville.
Holston National B a n k ,
Knoxville.
First National Bank, Memphis.
First National Bank, Nashville.
Merchants' National Bank,
Nashville.
First National Bank, Tullahoma.
Austin National Bank, Austin
American National Bank,
• Dallas.
City National Bank, Dallas..
National Exchange Bank.
Dallas.
First National Bank. El Paso.
San Antonio National Bank.
San Antonio.
Merchants and Planters'
National Bank, Sherman.
Citizens' National -Bank.
Waco.
First National Bank, Ogden..
Utah National Bank, Ogden..
Deseret National Bank, Salt
Lake City.
National Bank of the Republic, Salt Lake City.
Merchants' National Bank,
Burlington.
First National Bank. Alexandria.'
First National Bank. Danville,
Lynchburg National Bank,
Lynchburg.
National Bank of Commerce.
Norfolk.
Norfolk National B a n k ,
Norfolk.
American National Bank.
Richmond.
Merchants' National Bank,
Richmond.
National Bank of Commerce,
Seattle.
Seattle N a t i o n a l B a n k ,
Seattle.
Washington National Bank,
Seattle.
Exchange National Bank,
Spokane.
National Bank of Commerce,
Tacoma.

Rhode Island.
South Carolina.
Do.
South Dakota.
Do.
Do.
Do.
Do.
Tennessee.
Do,
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Texas.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Utah.
Do.
Do.
Do.
Vermont.
Virginia.
Do.
Do.'
Do.
Do.
Do.
Do.
Washington.
Do.
Do.
Do.
Do.

245

TREAStTKEB.
No.

0 2 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OF PUBLIC MONJEYS-

Continued.
Title of bank.

State.

REGULAR DEPOSITARIES—

-^

continued.

Citizens' National Bank, West Virginia.
Charleston.
Old National Bank. MartinsDo.
burg.
Do.
First National Bank, Parkersburg.
Do.
National Exchange Bank,
Wheeling.
Ashland National Bank, Wisconsin.
Ashland.
Do.
Kellogg National B a n k .
Green Bay.
Do.
National Bank of La Crosse,
La Crosse.
Do.
First National Bank,Madison
Do.
First National Bank Milwaukee.
Do.
National Exchange Bank,
Milwaukee.
Do.
Wisconsin National Bank,
Milwaukee.
Do.
Old National Bank, Oshkosh.
First National Bank, Chey- Wyoming.
enne.
Do.
Stock Growers' National
Bank, Cheyenne.
ADDITIONAL DEPOSITARIES.

Philippine Islands.
Porto Rico.

. SPECIAL DEPOSITARIES.

First National Bank, Anniston.
Anniston National Bank, Anniston.
City National Bank, Selma ..
Consolidated National Bank,
Tucson.
First National Bank, Los
Angeles.
Citizens' National Bank, Los
Angeles.
Merchants' National Bank,
Los Angeles.
First National Bank, Oakland.
First National Bank.Pomona.
First National Bank, Riverside.
First National Bank, San
Diego.
Crocket-Woolworth National
Bank. San Francisco.
San Francisco N a t i o n a l
Bank, San Francisco.
Western National Bank, San
Francisco.
First National Bank, San
Jose.
First National Bank, Cripple
Creek.
National Bank of Commerce,
Denver.
First National Bank. Fort
Collins.
Carbonite National Bank.
Leadville.
Mercantile National Bank,
Pueblo.
Bridgeport National Bank,
Bridgeport.
First National Bank, Hartford.

State.

SPECIAL D E P O S I T A R I E S —

continued.

Treasury of the Philippine
Islands, Manila.
American Colonial Bank of
Porto Rico, San Juan.

Title of bank.

Alabama.
Do.
Do.
Arizona.
California.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Colorado.
Do.
Do.
Do.
Do.
Connecticut.




Do.

Aetna National Bank, Hartford.
First National Bank, Meriden.
Home National Bank, Meriden.
Mechanics' National Bank,
New Britain.
National Bank of Norwalk,
Norwalk.
. .
First National Ba;nk, Norwich.
Pawcatuck National Bank,
Pawcatuck.
Windham National Bank,
Willimantic.
American National Bank,
Washington.
Citizens' National B a n k ,
Washington.
National Metropolitan Bank,
Washington.
Riggs National Bank, Washington.
First National Bank, Fernandina.
Atlantic National B a n k ,
Jacksonville.
First National Bank, Key
West.
Fort Dallas National Bank,
Miami.
First National Bank, St. Augustine.
Exchange National Bank,
Tampa.
Georgia National Bank, Athens.
Third National Bank, Atlanta.
Fourth National Bank, Atlanta.
Third National Bank, Columbus.
National Bank of Columbus,
Columbus.
First National Bank, Macon.
American National Bank,
Macon.
First National Bank, Marietta
First National Bank, Pocatello.
First National Bank, Wallace
First National Bank, Amboy.
First National Bank, Beardstown.
Old National Bank. Centralia
First National Bank, Champaign.
Hamilton National Bank,
Chicago.
National Bank of the Republic, Chicago.
Second National Bank. Danville.
Danville National Bank,
Danville.
Citizens' National Bank, Decatur.
National Bank of Decatur,
Decatur.
First National Bank, East St.
Louis.
First National Bank, Edwardsville.
Home National Bank, Elgin.
City National Bank, Kankakee.

Connecticut.
Do.
Do.
Do.
Do.
Do.
-Do.
Do.
District of Columbia.
Do.
Do.
Do.
Florida.
Do.
Do."
Do.
Do.
Do.
Georgia.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Idaho.
Do.
Illinois.
Do.
Do.^
Do.
Do.
Do.
Do.
Do.
Do.
Do. Do.
Do.
Do.
Do.

246
No.

REPORT ON T H E F I N A N C E S .
0 2 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITORIES OP PUBLIC MONEYS-

Continued.
Title of bank.

State.

SPECIAL DEPOSITARIES—

continued.
Pana National Bank, P a n a . . Illinois.
Edgar County N a t i o n a l
Do.
Bank, Paris.
Citizens' National B a n k ,
Do.
Princeton.
Manufacturers' N a t i o n a l
Do.
Bank, Rockford.
Citizens' National Bank, Bed- Indiana.
ford.
First National Bank, Brazil..
Do.
First National Bank, CrawDo..
fordsville.
Citizens' National B a n k ,
Do.
Crawfordsville.
Citizens' National Bank, EvDo.
ansville.
City National Bank, EvansDo.
ville.
Hamilton National Bank,
Do.
Fort Wayne.
First National Bank, FrankDo.
fort.
Franklin National Bank,
Do.
Franklin.
Central National B a n k ,
Do.
Greencastle.
Third National Bank, GreensDo.
burg.
Citizens' National B a n k ,
Do.
Greensburg.
Colunibia National Bank, InDo.
dianapolis.
Fletcher National Bank, InDo.
dianapolis.
Union National Bank, InDo.
dianapolis.
Citizens' National Bank, KoDo.
komo.
Do.
Howard National Bank, Kokomo.
City National Bank, LafayDo.
ette.
Merchants' National • Bank,
Do.
Lafayette.
National Fowler Bank, LaDo.
fayette.
First National Bank, LebaDo.
non.
Lebanon National Bank,
Do.
Lebanon.
UnionCounty National Bank,
Do.
Liberty.
First National Bank, Madison
Do.
National Branch Bank, MadDo.
ison.
Delaware Co. National Bank,
Do.
Muncie.
Merchants' National Bank,
Do.
Muncie.
Second National Bank, New
Do.
Albany.
Citizens' N ational Bank, Peru
Do.
People's National B a n k ,
Do.
Princeton.
First National Bank, RichDo.
mond.
South Bend National Bank,
Do.
South Bend.
National Bank of Sullivan.
Do.
Sullivan.
Second National Bank, VinDo.
.
cennes.
Citizens' National B a n k , Iowa. .
Belle Plaine.
First National Bank, Boone..
Do,
Merchants' National Bank,
Do.
Burlington.
National State Bank, BurDo.

lington.



Title of bank.

State.

SPECIAL DEPOSITARIESCOD tinned.
Cedar Falls National Bank, Iowa.
Cedar Falls.
Citizens' National Bank, CeDo.
dar Falls.
Cedar Rapids National Bank,
Do.
Cedar Rapids.
First National Bank, ChariDo.
ton. .
City National Bank, Clinton.
Do.
National Bank of Decorah,
Do.
Decorah.
Des Moines National Bank,
Do.
Des Moines.
Valley National Bank. Des
Do.
Moines.
First National Bank. Garner.
Do.
Marion County N a t i o n a l
Do.
Bank, Knoxville.
Knoxville National Bank.
Do.
Knoxville.
First National Bank, Mason
Do.
City.
City National Bank, Mason
Do.
City.
First National Bank, MonteDo.
zuma.
First National Bank, Mount
Do.
Pleasant.
National State Bank, Mount
Do.
Pleasant.
Oskaloosa National Bank,
Do.
Oskaloosa.
Iowa National Bank, OtDo.
tumwa.
Ottumwa National Bank,
Do.
Ottumwa.
First National Bank, Red
Do.
Oak.
Red Oak National Bank,
Do.
Red Oak.
First -National Bank, Rock
Do.
Valley.
First National Bank, ShenDo.
andoah.
Shenandoah National Bank,
Do.
Shenandoah.
Iowa State National Bank,
Do.
Sioux City.
First National Bank, WaterDo.
loo.
Black Hawk National Bank,
Do.
Waterloo.
Commercial National Bank,
Do.
Waterloo.
Leavitt & Johnson National
Do.
Bank, Waterloo.
Abilene National Bank, Abi- Kansas.
lene.
First National Bank. AnDo.
thony.
Exchange National Bank,
Do.
Atchison.
First National Bank, Fort
Do.
Scott.
Galena National Bank, GaDo.
lena.
First National Bank, Horton.
Do.
First National Bank, HutchDo.
inson.
Commercial National Bank,
Do.
Independence.
Commercial National Bank,
Do.
Kansas City.
First National Bank, KingDo.
man.
Manufacturers' N a t i o n a l
Do.
Bank, Leavenworth.
First National Bank, ManDo.
hattan.

. ^

.

247

TBEASUBEB.

N o . 0 2 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS—

Continued.
Title of bank.

State.

SPECIAL DEPOSITARIES—

State.

SPECIAL DEPOSITARIES—

continued.
First National Bank, Ottawa.
People's National Bank, Ottawa.
First National Bank, Pittsburg.
National Bank of America,
Salina.
Farmers' National Bank,
Salina.
Central National Bank, Topeka.
Fourth National Bank, Wichita.
KaiLsas National
Bank,
Wichita.
National Bank of Commerce,
Wichita.
First National Bank, Winfield.
Winfield National B a n k ,
Winfield.
Second National Bank, Ashland.
Ashland National Bank, Ashland.
Merchants' National Bank,
A.shland.
Catlettsburg National Bank,
Catlettsburg.
Hardin National B a n k ,
Elizabeth town.
Trigg National Bank, Glasgow.
Henderson National Bank.
Hender.son.
Second National Bank, Lexington.
Fayette National Bank, Lexington.
Farmers' National B a n k ,
Princeton.
First National Bank, Somerset.
First National Bank, Crowley.
Calcasieu National Bank,
Lake Charles.
Lake Charles National Bank,
Lake Charles.
New Iberia National Bank,
New Iberia.
State National Bank, New
Orleans.
First National Bank, Shreveport.
First National Bank, Augusta.
First National Bank, Ben.son.
Northern National Bank,
Hallowell. '
Canal National Bank. Portland.
Ticonic National Bank. Waterville.
First Nation'al Bank, Baltimore.
Third National Bank, Baltimore.
Citizens' National Bank, Baltimore.
National Bank of Baltimore,
Baltimore.
National Bank of Commerce,
Baltimore.
National Marine Bank, Baltimore.
National Union Bank of
Maryland, Baltimore.
First National
 Bank. Catonsville.

Title of bank.

continued.
Kansas. Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Kentucky.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Louisiana.
Do.
Do.
Do.
Do.
Do.
Maine.
Do. •
Do.
Do.
Do.
Maryland.



Do.
Do.
Do.
Do. •
Do.
Do.
Do.

•-

Easton National Bank of Maryland.
Maryland, Easton.
Farmers and
Mechanics'
Do.
National Bank, Frederick.
First National Bank, FrostDo.
burg.
First National Bank, OakDo.
land.
National Bank of Rising Sun,^
Do.
Rising Sun.
Salisbury National Bank,
Do.
Salisbury.
Grey lock National Bank, Massachusetts.
Adams.
Fourth National Bank, BosDo.
ton.
American National Bank,
Do.
Boston.
AtlanticNational Bank, BosDo.
ton.
Mount Vernon N a t i o n a l
Do.
Bank, Boston.
National Bank of RedempDo.
tion, Boston.
National Bank of th'e RepubDo.
lic, Boston.
National Suffolk Bank, BosDo.
ton.
People's National Bank of
Do.
Roxbury, Boston.
South End National Bank,
Do.
Boston.
State National Bank, Boston.
Do.
Winthrop National Bank,
Do.
Boston.
First National Bank, Fall
Do. .
River.
Massasoit National Bank,
Do.
Fall River.'
Westminster National Bank,
Do.
Gardner.
City NationalBank, GloucesDo.
ter.
Haverhill National Bank,
Do.
Haverhill.
Hingham National Bank,
Do.
Hingham.
Merchants' National Bank,
Do.
Lawrence.
Lee National Bank, Lee
Do.
Traders' NationalBank, LowDo.
ell.
First National Bank, Lynn ..
Do.
Central National Bank, Lynn
Do.
First National Bank, MarlDo.
boro.
People's National Bank,
Do.
Marlboro.
Natick National Bank, NaDo.
tick.
Merchants' National Bank,
Do.
New Bedford.
AdamsNational Bank, North
Do.
Adams.
Berkshire National Bank,
Do.
North Adams.
First National Bank, NorthDo.
ampton.
Northampton National Bank.
Do.
Northampton.
Agricultural National Bank,
. Do.
Pittsfield.
Old Colony National Bank,
Do.
Plymouth.
First National Bank, ReadDo. ..
ing.
Asiatic Natiohal Bank, SaDo.
lem.
Mercantile Nation.al Bank,
Do.
,
Salem.

248No.

REPORT ON T H E FINANOES.
0 2 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS—

Continued.
Title of bank.

State.

SPECIAL DEPOSITARIES—

continued.
Merchants' National Bank,
Salem.
Spencer National
Bank.
Spencer.
Second
National
Bank,
Springfield.
Chapin National
Bank,
Springfield.
City National Bank, Springfield.
John Hancock National
Bank. Springfield.
Springfield National Bank,
Springfield.
First National Bank, West
Newton.
Mechanics' National Bank,
Worcester.
Merchants' National Bank,
Charlotte.
First National Bank, Iron
Mountain.
First National Bank, Petoskey.
First National Exchange
Bank, Port Huron.
Commercial National Bank
Saginaw.
Union City National Bank
Union City.
Pirst National Bank, Austin.
First National Bank, Albert
Lea.
City National Bank, Duluth .
NorthwesternNationalBank,
Minneapolis.
Northfield National Bank,
Northfield.
First National Bank, Owatonna.
National Farmers' Bank,
Owatonna.
Merchants' National Bank,
St. Paul.
St. Paul National Bank, St.
Paul.
First National Bank, Spring
Valley.
First National Bank, Stillwater.
First NationarBauk, Winona.
Second National Bank, Winona.
First National Bank, Gulf
port.
First National Bank,Hatties
burg.
National Bank of Commerce
Hattiesburg.
First National Bank, Laure .
First National Bank, Me
ridian.
First National Bank, Y''azoo
City.
Hannibal National Bank
Hannibal.
Joplin National Bank, Joplin.
City National Bank, Kansas
City.
NewEngland National Bank,
Kansas City.
Union National Bank, Kansas City.
Baird National Bank. Kirksville.
KIrksville National Bank
Kirksville.
Third National Bank. Sedalia.
Citizens'National Bank, SeDigitized fordalia.
FRASER
1



Title of bank.

State.

SPECIAL DEPOSITARIES—

Massachusetts.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Michigan.
Do.
Do.
Do.
Do.
Do.
Minnesota.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Mississippi
Do.
•

Do.

Do.
Do.
Do.
Missouri
Do.
Do.
Do.
Do.
Do.
Do.
Do. •
Do.

continued.
Tootle Lemon National Ban k,
St. Joseph.
Third National Bank, St.
Louis.
Fourth National Bank, St.
Louis.
Mechanics' National Bank,
St. Louis.
Union NationalBank,Springfield.
Trenton National
Bank,
Trenton.
People'sNational Bank, Warrensburg.
1 First National Bank, B u t t e . .
1 National Bank of Ashland,
Ashland.
First National Bank,_ Beatrice.
Farmers and Merchants'
National Bank, Fremont.
First National Bank, Hastings.
City National Bank, Lincoln.
Nebraslia City National Bank,
Nebraska City.
First National Bank, North
Platte.
Union
National
Bank,
Omaha.
Citizens' National Bank, Tecumseh.
First National Bank, Y^ork...
City National Bank, York . . .
National State Capital Bank,
Concord.
Merchants' National Bank,
Dover.
First National Bank, Hillsborough Bridge.
Cheshire National Bank,
Keene.
KeeneNational Bank, Keene.
First National Bank, Manchester.
Second National Bank, Manchester.
Amoskeag National Bank,
Manchester.
Manchester National Bank,
Manchester.
Merchants' National Bank,
Manchester.
Souhegan National Bank,
Milford.
Second
National
Bank
Na.shua.
First National Bank, Somersworth.
Somersworth National Bank,
Somersworth.
Second National Bank, Hoboken.
N First National Bank, Manasquan.
Farmers' National Bank of
New Jersey, Mount Holly.
First National Bank, Princeton.
First National Bank, Seabright.
Vineland National Bank
Vineland.
First National Bank, Clayton.
First National Bank, Addison.
Columbia National Bank
Buffalo.
National Bank of Cohoes
Cohoes.
1

Missouri.
Do.
Do.
Do.
Do.
Do.
Do.
Montana.
Nebraska.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
New Hampshire.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
New Jersey.
Do.
Do.
Do.
Do.
Do.
New Mexico.
New York.
Do.
Do.

249

TBEASUBEB.
No.

02.—NATIONAL

BANKS DESIGNATED AS DEPOSITARIES

OP PUBLIC

MONEYS-

Continued-.
Title of bank.
SPECIAL

State.

DEP0SITARIP:S—

continued.
Lake Shore National Bank, New York.
Dunkirk.
Merchants' National Bank,
Do.
Elmira.
Glens Falls National Bank,
Do.
Glens Falls.
Herkimer National Bank, ^
Do.
Herkimer.
First National Bank, HorDo.
nellsville.
Ilion National Bank, Ilion...
Do.
National Herkimer County
Do.
Bank, Little Falls.
First National Bank, Mount
Do.
Vernon.
First National Bank, New
Do., ^
York.
Fifth National Bank, New
Do.
York.
American Exchange NaDo.
tional Bank, New York.
Astor National Bank, New
Do.
York.
Bank of New York National
Do.
Banking Association, New
York.
Chase National Bank, New
Do.
York.
Consolidated National Bank,
Do.
New York.
Gallatin National
Bank,
Do.
New York.
Leather Manufacturers' NaDo.
tional Bank, New York.
Lincoln National Bank, New
Do.
York.
Mercantile National Bank,
Do.
New York.
National Bank of North
Do.
America, New York.
National Park Bank, NCAV
Do.
York.
New Y''ork National ExDo.
change Bank, New York.
United National Bank, New
Do.
York.
State National Bank, North
Do.
Tonawanda.
National Bank of Norwich,
- Do.
Norwich.
Exchange National Bank,
Do.
Clean.
Citizens' National Bank,
Do.
Saratoga Springs.
First National Bank, TiconDo.
deroga.
First National Bank. TonaDo.wanda.
First National Bank, Utica ..
Do.
Oneida National Bank, Utica.
Do.
Utica City National Bank,
Do.
Utica.
Do.
First National Bank, Waverly
Charlotte National Bank, North Carolina.
Charlotte.
First National Bank, ElizaDo.
beth City.
National Bank of High Point,
. Do.
High Point.
First National Bank, Weldon.
Do.
Atlantic National Bank, WilDo.
mington.
Murchison National Bank,
Do.
Wilmington.
Second National Bank, Akron Ohio.
National City Bank, Akron..
Do.
First National Bank, Athens.
Do.
First National Bank, BarnesDo.
ville.




Title of bar k.

State.

SPECIAL D E P O S I T A R I E S —

continued.
National Bank of Barnesville. Ohio.
Barnesville.
Central National Bank, CamDo.
bridge.
First National Bank, Canton.
Do.
Fifth National Bank, CincinDo.
nati.
German National Bank, CinDo.
cinnati.
Market National Bank, CinDo.
cinnati.
National La Fayette, CincinDo. •
nati.
First National Bank, CleveDo.
land.
Bankers' National Bank.
Do.
Cleveland.
Central National Bank, CleveDo.
land.
Colonial National Bank,
Do.
Cleveland.
Euclid Avenue National
Do.
Bank, Cleveland.
State National Bank. CleveDo.
land.
Union National Bank. CleveDo.
land.
Commercial National Barik,
Do.
Columbus.
New First National Bank,
Do.
Columbus.
Fourth National Bank, DayDo.
ton.
First National Bank, DeDo.
fiance.
Citizens' National Bank, East
Do.
Liverpool.
First National Bank, Ironton.
Do.
First National Bank, Marietta
Do.
Citizens' National Bank, McDd.
Connelsville.
Medina County National
Do.
Bank, Medina.
First National Bank, Niles...
Do.
Piqua National Bank, Piqua.
Do.
Quaker City National Bank,
Do.
Quaker City.
Second National Bank, RaDo.
venna.
First National Exchange
Do.
Bank, Sidney.
First National Bank, SpringDo.
field.
Mad River National Bank,
Do.
Springfield.
First National Bank, St.
Do.
Clairsville. • '
National Exchange Bank,
Do.
Steubenville.
Merchants' National Bank.
Do.
Toledo.
Northern National Bank,
Do.
Toledo.
Western Reserve National
Do.
Bank, Warren.
First National Bank, YoungsDo.
town.
First National Bank, ZanesDo.
ville.
Old Citizens' National Bank,
Do.
Zanesville.
First National Bank, Baker Oregon.
City.
First National Bank, Eugene.
Do.
United States National Bank,
Do.
. Portland.
German National Bank, Al- Pennsylvania.
legheny.
Second National Bank, Allen.Do.
town.

250
No.

REPORT ON T H E F I N A N C E S .
02.—NATIONAL

BANKS DESIGNATED AS DEPOSITARIES OF PUBLIC MONEYS-

Continued.
Title of bank.

State.

SPECIAL D E P O S I T A R I E S —

continued.
Ashland National Bank, Ash- Pennsylvania
land.
A.thens N a t i o n a l B a n k ,
Do.
Athens.
First National Bank, BlairsDo.
ville.
Miners' National Bank, BlossDo.
burg.
Jefferson County National
Do.
Bank, Brookville.
First National Bank, Canton.
Do.
National Bank of Catasauqua, . Do.
Catasauqua. Valley National Bank, ChamDo.
bersburg.
Delaware County National
Do.
Bank, Chester.
Clearfield National Bank,
Do.
Clearfield.
County National B a n k ,
Do.
Clearfield.
First National Bank, Clifton
Do.
Heights.
National Bank of Chester
Do.
Valley, Coatesville.
National Bank of Coatsville,
Do.
Coatesville.
Tradesmen's National Bank.
Do.
Conshohocken.
First National Bank, East
Do.
Brady.
First National Bank, EbensDo.
burg.
First National Bank, EmpoDo.
rium.
First National Bank, GreenDd.
ville.
First National Bank, HanDo.
over.
Harrisburg National Bank,
Do. .
Harrisburg.
First National Bank, HolliDo.
daysburg.
Union National Bank, HuntDo.
ingdon.
National Bank of J e r s e y
Do.
Shore, Jersey Shore.
Do.
•
First National Rank, Johnstown.
Citizens' National B a n k ,
Do. .
Johnstown.
Farmers' National B a n k ,
Do.
Kittanning.
Northern National B a n k ,
Do.
Lancaster.
First National Bank, LansDo.
ford.
Lebanon National B a n k ,
Do.
Lebanon.
Peoples' National Bank, LebDo,
anon.
National Bank of Malvern,
Do.
Malvern.
Keystone National Bank,
Do.
. Manheim.
First National Bank, MariDo.
etta.
Mauch Chunk N a t i o n a l
Do.
Bank, Mauch Chunk.
First National Bank, McKeesDo.
port.
National Bank of McKeesDo.
port, McKeesport.
First National Bank, Mount
Do.
Carmel.
First National Bank, Mount
Do.
Joy.
Pirst National Bank, NewcasDo.

Digitized for tle.
FRASER


Title of bank.

State.

SPECIAL D E P O S I T A R I E S —

continued.
Citizens' National Bank, Pennsylvania.
Newcastle.
National Bank of Oxford,
Do.
Oxford.
First National Bank, PerkaDo.
sie.
Eighth National Bank, PhilDo.
adelphia.
Farmers and Mechanics' NaDo.
tional Bank, Philadelphia.
Fourth Street National Bank,
Do.
Philadelphia.
Girard National Bank, PhilDo.
adelphia.
National Bank of GermanDo.
town, Philadelphia.
Northwestern
National
Do.
Bank, Philadelphia.
Union National Bank, PhilaDo.
delphia.
First National Bank, PittsDo.
burg.
Federal National Bank, PittsDo.
burg.
Merchants and
ManufacDo.
turers' National Bank, Pittsburg.
People's National Bank, PittsDo.
burg.
Union National Bank, PittsDo.
burg.
National Bankof Pottstown,
Do.
Pottstown.
Merchants' National Bank,
Do.
Quakertown.
First National Bank, RimersDo.
burg.
Reading National
Bank,
Do.
Reading.
National Bank of Say re.
Do.
Sayre.
Traders' National. Bank,
Do.
Scranton.
Sellersville National Bank.
Do.
Sellersville.
National Bank of Slatington,
Do..
Slatington.
Stroudsburg National Bank,
Do.
Stroudsburg.
First National Bank, SunDo.
bury.
First National Bank, Troy
Do.
First National Bank, Tyrone..
Do.
Farmers' and Merchants'
Do.
National Bank, Tyrone.
First National Bank, WellsDo.
boro.
First National Bank, WestDo.
chester.
Second N a t i o n a l Bank;
Do.
Wilkesbarre.
West Branch National Bank,
Do.
Williamsport.
York National Bank, York...
Do.
National Exchange Bank, Rhode Island.
Providence.
Old National Bank. ProviDo.
dence.
People's National B a n k , South Carolina.
Charleston.
National Loan and Exchange
Do.
Bank, Columbia.
City National Bank, GreenDo.
ville.
National Bank of Greenville,
Do.
Greenville.
National Union Bank, RockDo.
hill.
Central National Bank, Spar-.
Do.
I tanburg.

251

TBEASUBEB.
No.

02.—NATIONAL

BANKS

DESIGNATED

AS DEPOSITARIES OP PUBLIC MONEYS—

Continued.
Title of bank.

State.

SPECIAL DEPOSITARIES—

State. '

SPECIAL DEPOSITARIES—

continued.
First National Bank, Madison.
First National Bank, Chattanooga.
First National Bank, Clarksville.
First National Bank. Dyersburg.
City National Bank, Johnson
^ City.
Unaka National Bank, Johnson City.
City National Bank, Knoxville.
Mechanics' National Bank,
Knoxville.
National Bank of Commerce,
Memphis.
State National Bank, Memphis.
Amarillo National Bank,
Amarillo.
First National Bank, Beaumont.
American National Bank,
Beaumont.
State National Bank, Denison.
American National Bank,
Fort Worth.
State National Bank, Fort
Worth.
Commercial National Bank,
Hou.ston,
Merchants' National Bank,
Houston.
First National Bank, Paris...
City National Bank, Paris . . .
First National Bank, San
Angelo.
Lockwood National Bank.
San Antonio.
Texarkana National Bank.
Texarkana.
Citizens' National B a n k .
Tyler.
Jester National Bank. Tyler .
National Bank of B a r r e ,
Barre.
People'sNational Bank, Brattleboro.
Vermont National Bank,
Brattleboro.
Lyndon ville National Bank,
Lyndonville.
Montpelier National Bank,
Montpelier.
Killington National Bank,
. Rutland.
First National Bank. St.
Johnsbury.
National Bmik of Newbury,
Wells River.
National Bank of White
River Junction, White River Junction.
Woodstock National Bank,
Woodstock.
First National Bank, Abingdon.
Dominion National Bank,
Bristol.
First National Bank, Farmville.
First National Bank, Harrisonburg.
Rockingham National Bank,
Harrisonburg.
Loudoun National Bank,
DigitizedLeesburg.
for FRASER

Title of bank.

continued.
South Dakota.
Tennessee.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
exas. .
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.^
Do.
Do.
Do.
Do.
Do.
Do:
Vermont.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Virginia.



Do.
Do.
Do.
Do.
Do.

People's National Bank.
Leesburg.
People's National Bank,
Manassas.
Marion National • B a n k ,
Marion,
First National Bank, Newport News.
Newport News National
Bank, Newport News.
First National Bank, Richmond.
National Bank of Virginia,
Richmond.
Planters' National Bank,
Richmond.
National Exchange Bank,
Roanoke.
Augusta Natidnal B a u k .
Staunton.
National Valley Bank, Staunton.
Tazewell National Bank,
Tazewell.
Farmers and Merchants' National Bank, Winchester.
First National Bank, Everett.
American National Barik,
Everett.
Capital National
Bank,
Olympia.
Traders' National Bank, Spokane.
Flat Top National Bank,
Bluefield.
Charleston National Bank,
Charleston.
Merchants' National Bank of
West Virginia, Clarksburg.
First National Bank, Fairmont.
First National Bank, New
Martinsville.
Second National Bank, Parkersburg.
First National Bank, Piedmont.
First National Bank, Sistersville.
Farmers and Producers' National Bank, Sistersville.
Citizens' National Bank, Appleton.
Lumbermen's N a t i o n a l
Bank, Chippewa Falls.
Eau Claire National Bank,
Eau Claire.
Fond du Lac National Bank,
Fond du Lac.
Citizens' National B a n k ,
Green Bay.
Rock County National Bank,
Janesville.
National Bank of Merrill,
Merrill.
Marine National Bank, Milwaukee.
Milwaukee National Bank,
Milwaukee.
Citizens' National Bank,
Oconto.
National Union Bank, Oshkosh.
National German-American
Bank, Wausau.
First National Bank of the
city of Superior, West Superior.
First National Bank, Laramie

Virginia.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Washington.
Do.
Da.
Do.
West Virginia.
Do.
Do.
Do.
Do.

.
Do.
Do.
Do.
Do.
Wisconsin.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Wyoming.

252

REPORT ON T H E

FINANCES.

N o . 0 3 . — N U M B E R OP NATIONAL BANKS WITH SEMIANNUAL DUTY P A I D , BY FISCAL
YEARS, AND NUMBER OP DEPOSITARIES WITH BONDS AS SECURITY AT CLOSE OF
EACH

FISCAL

YEAR.

Fiscal year.

1890
1891
1892
1893
1894
1895.....
1896
1897
1898
1899
1900
1901
1902
1903

Number
s h ld
N u m b e r tB o n d u r e ecir- S e m i a n n u a l of deposi
o sec
d u t y collected.
of b a n k s .
culation.
taries.
3,508
3,675
3.765
3,846
3,797
3,767
3,737
3,615
3,634
3,699
3.822
4.187
4.553
5.014

:

$145,228,300
142,508,900
163,190,050
176,588,250
201, 691,750
207,680,800
228,915.950
230,47i;550
220,201,400
229,688, n o
284,378,040
326,119,230
317.038.530
375,068,770

$1.264.839.65
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
1.599,221.08
1,633.309.15
1.708,819.92

Bonds held
to s e c u r e
deposits.

Total bonds
held.

$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
124.718.650
152.852,020

205
185
159
160
155
160
160
168
172
357
442
448
577
713

$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
441,757,180
527,920,790

No.
0 4 . — A V E R A G E AMOUNT OF NATIONAL-BANK NOTES IN CIRCULATION, AND
AMOUNT OP DUTY P A I D THEREON DURING THE Y E A R 1903 BY NATIONAL BANKS
IN E A C H STATE AND TERRITORY.
Y e a r e n d e d J u n e c , 1903.
• Average
a m o u n t of
notes in circulation. .
Maine
New Hampshire
Vermont
Massachusetts
Rhodelsland
Connecticut
;
T o t a l of N e w
E n g l a n d
States
New York
New Jersey
Pennsylvania
Delaware
Maryland
D i s t r i c t of C o l u m b i a .
T o t a l of East. ern States
Virginia
West V i r g i n i a .
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana . . . . .
Texas
Arkansas
Kentucky
Tennessee
Porto Rico
T o t a l of S o u t h ern States...

Y e a r e n d e d J u n e 30. 1903.

Duty paid
o n circulation.

Average
Duty paid
a m o u n t of
c
n o t e s i n circu- o n tc i rn .u l a io
lation.

$5.188.299.00
4,225.003.00
4.244.265.00
22.847,623.00
3,886,632.00
9.860.045.00

$27,040.29
22,344.70
22,300.14
118,322.84
20,084.90
51,114.35

50,251,867.00

261,207.22

61.720,793.00
8,196,946.00
42,214,851.00
844,565.00
6,072,822.00
1,303,900.00

315,538.38
42,994.02
216,391.87
4,720. 98
31,142.89
6,769.51

120,353,867.00

617,557.65

4,687. 586.00
2;455,- 303.00
1,849. 635.00
1.394 479.00
2.480 914.00
799. 109.00
2,039, 420.00
1,077, 963.00
1,858, 935.00
9,41~ 176.00
335, 999.00
9,482, 305.00
3,498, 896.00
74, 550.00

24,807.06
16,139.31
9,553.84
6,972.38
12,460.61
4,156.48
10,473.08
5,490.80
9,457.31
48,315.71
1,680.01
49,119.07
19,042.34
130.77

41,453,270.00




217,798.77

Ohio
Indiana
'....
Illinois
Michigan
Wisconsin .*..
Minnesota
Iowa
Missouri
T o t a l of Middle S t a t e s . . .

$24,818,519
6,971,147
16,082,138
5,855,393
4,229,630
4,520,807
8,460.036
16,630,184

$137.070.30
36.989.02
82.241.73
31.591.56
21.170.22
22.802.32
43.340.95
81.838.47

86.567,854

457.044.57

North Dakota
South Dakota
Nebraska
Kansas
M o n t a n a .,.
W y o m i n g '.
Colorado
New Mexico
Oklahoma
I n d i a n Territory . . .
T o t a l of West. e r n States ..

930,816
571,794
4,066,272
5,267,916
893,502
427.360
3.341,348
679,484
1,023,839
1,105,881

. 4.654.14
3,597.28
20.845.77
26,520.01
4.663.80
2.136.81
16,905.14
2,897.43
6,370.83
6, 790.37

18,208,218

93.381.68

1,276,402
1,130,231
7,733.607
255.896
1,243,544
20,499
215,092
3,695
49.753

7,011.73
6.580.03
39,201.03
1,374.40
6,217.71
102.60
1,075.49
18.47
248.77

Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii

,

T o t a l of Pacific
States

61,830.13

T o t a l for U n i t e d
States . . :

328,762,795 1,708,819.92

253

TREASURER.
Xo.

0 5 . - -RECEIPTS AND DISBURSEMENTS OP PUBLIC MONEYS THROUGH
B A N K DEPOSITARIES, BY F I S C A L Y E A R S FROM

• Fiscal year.

1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903

No.

F u n d s transFunds transf e r r e d t o b a n k s . f e r r e d to T r e a s u r y
by banks.

Receipts.

$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
281,234,091.57
244.947.528.71

00.—OLD

DEMAND

$20,285,150. 91
21.364,103. 93
24,793,023.09
28.683.034.22
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
125,443,007.5b
157,041,571.84
201,897,430. 60

NOTES OP E A C H DENOMINATION
O U T S T A N D I N G J U N E 30,
1903.

Denomination.

T o t a l issued.

Five dollars
Ten dollars
T w e n t y dollars

Redeemed
during
year.

Balance.

$20, 548,812.80' $26,994,464.70
23, 386,731.39
21,614,450.64
22,162,485.24
10,664,891.39
22,707,590.82
10,177,287. 38
24,265,231. 27
10,638.528.99
23,186,071.15
11.193.267.18
22,671,550.77
11,630,235.80
19.350,217.54
12,376, 919.43
22.830,954.62
34.058.462.19
24,560,430.04
70,610,088.32
22,606,835.39
92,836,133.10
24,141,398.97
93,657,444.47
26,347,319.10 117,356,325.61
35,445,560.08 140,215,778.08

ISSUED,

REDEEMED,

Total
redeemed.

AND

Outstanding.

$21,800,000
20,030,000
18,200,000

-FRACTIONAL

$21,778.337.60
20.010.015.00
18,187,800.00

$21,662.60
19 985 00
12,200.00

60,030.000

Total

No. 07.

Drafts p a i d by
banks.

$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
388,229,463.27
388,539,946. 66

NATIONAL-

1890.

59,976,152.50

53,847.60

CURRENCY OP EACH DENOMINATION
O U T S T A N D I N G J U N E . 30,
1903.

Denomination.

Total issued.

Redeemed
during
year.

ISSUED,

REDEEMED,

Total
redeemed;

AND

Outstanding.

Three cents
Five cents
Ten cents
Fifteencents
Twenty-five centsFifty cents

$601,923.90
5,694,717.85
82,198,456.80
5,305, 568.40
139,031,482.00
135.891.930.50

Total....Unknown, destroyed .
Net .

368.724.079.45

2,083.^00

353,444,900.49
32,000.00

15,279,178.96
32,000.00

368,724,079.45

;.oo

353,476,900.49

15, 247,178.96

No, 0 8 . — C O M P O U N D - I N T E R E S T
AND

Denomination.

Ten dollars
T w e n t y dollars
Fifty dollars
.
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Total

. . . .

'




$3.00
35.00
390.00
30.00
775.00
850.00

$511, 710.63
3.836. no. 28
77,140,538.33
5,065,459.14
134,759,093.41
132,131,988.70

NOTES OP E A C H DENOMINATION
O U T S T A N D I N G J U N E 30, 1903.

Total issued.

Redeemed
during
year.

ISSUED,

Total
redeemed.'

$90,213. 27
1,858, 607.57
6,057,918.47
240,109.26
4,272,388. 59
3,759,941.80

REDEEMED,
v^

Outstanding.

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

$40
120
200
200

$23,264,620
30,093,290
60,761,850
45,062,200
67,834,500
39,416,000

$20,580
32,650
62 150
32,200
11,500
4,000

266,595,440

560

266,432,460

162,980

254

REPORT ON T H E F I N A N C E S .

No. 09.

- O N E AND Two Y E A R NOTES OP EACH DENOMINATION ISSUED, REDEEMED,
AND OUTSTANDING J U N E 30, 1903.

T o t a l issued.

Denomination.

Redeemed
during
year.

Total
redeemed.

Outstanding.

$20
200
100

$6.193,806
16,427.620
20.932.150
37.788,300
40,300,500
89,289,000

$6,195
12,480
13,450
16,100
1,600
19,000

320

210.931.275
10,590

68,725
10,690

211,000,000

.

$6.200.000
16,440,000
20,946,600
37,804,400
40,302,000
89,-308,000
.211.000,000

Ten dollars
T w e n t y dollars
Fifty d o l l a r s
One h u n d r e d dollars
Five h u n d r e d dollars
One t h o u s a n d dollars

320

210,941.865

58,135

.

Total
U n k n o w n , destroyed
Net

N o . 7 0 . — U N I T E D STATES P A P E R CURRENCY OP EACH CLASS, TOGETHER WITH O N E
AND Two Y E A R NOTES AND COMPOUND-INTEREST NOTES, ISSUED, REDEEMED, AND
OUTSTANDING J U N E 30, 1903.

Class.

Issued during year.

T o t a l issued.

Old d e m a n d n o t e s
$109,600,000
U n i t e d S t a t e s note.''
T r e a s u r y n o t e s of 1890
Gold certificates
168,430,000
Silver certificates
:. 273,008,000
C u r r e n c y certificates
Fractional currency
One a n d two year notes.
Compound-interest notes
Total

No.

Issue.

July 17.1861 . .
August 15.1864
June 15,1865..
July 15,1865 . .

NOTES

Total
redeemed.

Outstanding.

$59,976,152. 50
3,033,984.792.00
428,192,000.00
1,760,135,011.46
2,168,548,000.00
1,473,625,000.00
353,476.900.49
210.941.865.00
266,432,460.00

$53.847.50
346.681.016.00
19 243.000.00
409,109,869.00
464,706,000.00
15,247,178.96
58,135.00
162.980.00

488.561,183 9,755,312.18L 45 1.255.262,026.46

ISSUED, R E D E E M E D ,
1903.

AND OUTSTANDING

Redeemed to Redeemed
during
Total issued. June 30.1902.
year.

Total
redeemed.

JUNE

30,

Outstanding.

$140,094,750
299,992.500
331.000.000
199.000.000

$140.085,350
299,946, 700
330, 969,550
198,954,650

$140,085, 350
299,946,700
330,969,550
198,954,650

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

970,087,250

969,956,250

969,956,250

131.000

. Total ...

No.

$60,030,000.00
3,380,665,808.00 $i69,OOO, 666
10,757,000
447,435,000.00
2,169,244,880.46 105,902,220
2,633,254,000.00 262,299.000
1,473.625,000.00
368.724.079.45
. 2.083
211.000,000.00
320
560
266,595.440.00

551,038,000 11,010,574,207.91

Tl.—SEVEN-THIRTY

Redeemed
during
year.

7 2 . — C O U P O N S PROM UNITED STATES BONDS AND INTEREST NOTES P A I D DURING
THE FISCAL Y E A R 1903, CLASSIFIED BY LOANS.

T i t l e of l o a n .

F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of 1865
Consols of 1867
Consols of 1868
F n n d e d l o a n of T8Q1
F u n d e d l o a n of 1907
L o a n of 1904




Number
of
coupons.

Amount.

T i t l e of l o a n .

Number
of
coupons.

3
12'
6
1
24
425.063
40,145

$9.00
96.00
66.00
3.00
27.00
1,997,073.50
386,479.06

L o a n of 1925
L o a n o f 1908-1918
Consols of 1930
T w o - y e a r n o t e s of 1 8 6 3 . . .

127,071
520,879
38,858
2

$1,112,697.50
1,270,768.95
178,315.75
2 50

1,152,064

4,945,538.26

Total

Amount.

255

TEEASUBEE.

N o . 7 3 . — C H E C K S ISSUED FOR INTEREST ON REGISTERED BONDS OP THE UNITED
STATES DURING THE FISCAL Y E A R 1903.

Title of loan.

Number.

Funded loan of 1907
Loan of 1904
Loan of 1925
Loan of 1908-1918
Consols of 1930
Spanish indemnity certificates
Total...

Amount.

76,337
5,136
.14,622
103,504
23,000
108
222,606

.

$7,058,434.50
. 525,433.04
3,781,523.00
1,557,652. 65
6,997,233.25
28,600.00
19,948,776.44

N o . 74.—STATEMENT OP INTEREST PREPAID PROM OCTOBER 1 TO NOVEMBER 30,
UNDER DEPARTMENT CIRCULAR NO. 115, DATED SEPTEMBER 25, 1902.

Loan and interest period.

Rebate
deducted.

Total.

$1,620.00
918.00
808.00

$145,868. 60
145,166. 50
145,056.50

$853.48
1,721.44
2,590.53

432,745.50

3,346.00

436,091. 50

5,165.45-

874,824.00
874,824.00
874,824.00

Total
Consols of 1930:
January 1, 1903.
Aprill, 1903....
J u l y l , 1903

Coupon.

$144,248. 50
144,248.50
144,248.50

Funded loan of 1907:
January 1, 1903...
Aprill, 1903:
J u l y l , 1903..

5,727. 50
5, 660.00
5,660.00

880,551. 50
880,484.00
880,484.00

5,203.49
10,486.02
15,768.99

2,641,519. 50

31,458.60

2,624,472.00

Total,
Loan of 1904:
November 1, 1902 .
February 1,1903...
M a y l , 1903
,

18, 631.25
18,843.75
18,843.75

39.02
157.48
275.95

2,675.00

58,993. 75

472.45

13,485. 00
23,838. 00
23,805.00

84,054.60
95,267.50
95,234. 60

168.11
759.60
1,330.74

213,428.50

61,128. 00

33,840.60
33,840.60

Loan Of 1908-1918:
Novemberl, 1902..
Februarv 1, 1903 ..
M a y l , 1903

19,506.25
19, 743. 75
19,743. 75

70,569.50
71,429.50
71,429. 50

Total.

875.00
900. 00
900.00

56,318.75

Total.
Loan of 1925:
November 1,1902.
February 1,1903-.
M a y l , 1903

1,305.00
587.10
587. 70

1, 305.00
34,427. 70
34,428.30

2,479. {

70,161.00

742.67

86,676.30 3,481,322.25

40,097. 62

67,681.20

Total.

3,394,645.95

Aggregate.

No. 75.-INTEREST

Registered.

1902,

274,556.1

2,258.45
2.61
266. 73
473.33

ON 3.65 PER CENT BONDS OF THE DISTRICT OP COLUMBIA P A I D
DURING THE FiSCAL Y E A R 1903.

Where paid.
Treasury United States, Washington .
Subtreasury IJnited States, New York
Total




Coupons.

Checks.

$7,955.32
24,940.45

$18,742.75
433,401.00

Total.
$26,698.07
458,341.45
485,039.62

256

REPORT ON THE

FINANOES.

No.
7 6 . — R E F U N D I N G CERTIFICATES ISSUED UNDER THE ACT OF FEBRUARY 26,
CONVERTED INTO BONDS OP THE FUNDED LOAN OP 1907,
PURCHASED AND
STANDING.

To o r d e r
To bearer

T o t a l conPurchased verted and Outstandduring" purchased to
ing.
year.
J u n e 30, 1903.

$58,500
39,954,250

No.

$1,290

$90

$58,430
39,923,720

$70
30,530-

40,012,750

Total

1,290

90

39,982,150

30.600

7 7 . — B O N D S PURCHASED DURING THE FISCAL Y E A R
Coupon.

T i t l e of l o a n .
L o a n of 1904
L o a n of 1925

Registered.

Principal.

Interest.

Premium.

..

.

$23,800
14,452,850

$25,300
16,504,300

. $242.49
141,204.58

$1,022.51
6 201,025.41

2,052,950

14,476.650

16,529,600

141,447.07

6 202 047.92

7 8 . — B O N D S RECEIVED IN EXCHANGE FOR CONSOLS OP 1930
Y E A R 1903.

T i t l e of l o a n .

F u n d e d l o a n of 1907
L o a n of 1 9 0 8 - 1 9 1 8 . . . .

Coupon.

Registered.

$3,385,550
2,266,180

$56,408,250
12,142,420
68,550,670

-PUBLIC DEBT J U N E

T i t l e of l o a n .

30,

R a t e of
interest.

$59,793,800 $148,952.22
14,408,600
61,844.06
74,202,400

1902, AND J U N E 30, 1903,
THE Y E A R .
Oatstanding
J u n e 30, 1902.

DURING THE FISCAL

Accrued
interest.

Principal.

5,651, 730

Total

No. 79.-

1903.

$1.500
2,051,450

Total

No.

Converted
during
year.

Issued.

How payable.

1879,
OUT-

Issued during year.

210,796.28

AND

Present
worth in
e x c e s s of
par value.
$4,170,932.47
534,139.43
4 705 071 90

CHANGES DURING

Retired during year.

Outstanding
J u n e 30, 1903.

INTEREST-BEARING DEBT.

F u n d e d l o a n of 1907
R e f u n d i n g certificates
L o a n of 1904
L o a n of 1925
L o a n of 1908-1918
Consols of 1930

P e r cent.
4
$233,177,400.00
4
31,980.00
5
19,410,350.00
4
134,994,200.00
3
97,515,660.00
• 2
445,940, 750.00

Total

931,070,340.00

$2.050.00 $59.793.800.00
1,380.00
25,300.00
16,604,300.00
14.408,600.00
74,202.400.00
74,204.450.00

90,733, 380.00

$173,385,650.00
30,600.00
19,385,050.00
118,489,900.00
83,107,060.00
520,143,150.00
914,541,410.00

D E B T ON W H I C H I N T E R E S T
H A S CEASED.

Olddebt
L o a n of 1847
T e x a n i n d e m n i t y stock
L o a n of 1858
5-20sof 1862
5-20S of J u n e , 1864
5-20sof 1865
10-40S of 1864
Consols of 1865
Consols of 1867
Consols of 1868
L o a n of F e b r u a r y , 1861
F u n d e d l o a n of 1881
F u n d e d l o a n of 1881, c o n t i n u e d
Oregon w a r debt
:.
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,
continued
L o a n of 1863 (1881's)
L o a n of 1863. c o n t i n u e d
forLFRASERy 12,1882
o a n of J u l

Digitized


Atoe
5
5
6
6
6
5
6
6
6
6
5
3^
6
6

151,635.26
950.00
20,000.00
2,000.00
216,750.00
15,900.00
20,850.00
19,850.00
73,950.00
n o , 100.00
11,050.00
5,000. 00
27,950.00
560.00
2,400.00
15,050.00

3^
6
3^
3

1.600.00
3,100.00
• 100.00
200.00

•

1,200.00
500.00
60.00
2,750.00

500.00

151,635.26
950 00
20,000.00
2,000.00
214,550.00
15,900.00
20,850.00
19,350.00
73,900.00
107,350.00
11,050.00
5,000.00
27,950.00
50.00
2,400.00
15,050.00
1, 600.00
3,100.00
100.00
200.00

257

TREASURER.
No. 79.-

- P U B L I C DEBT J U N E 30, 1902, AND J U N E 30, 1903, AND CHANGES

DURING

THE YEAR—Continued.
T i t l e of l o a n .

Otstanding
J u n e 30, f9p2.

R a t e of
interest.

Issued during year.

Retired during year.

•Outstanding
J u n e 30, 1903.

DEBT ON WHICH INTEREST
HAS CEASED—Continued.,
F u n d e d l l o an of 1891,continued
ed o a n of 1891
T r e a s u r v n o t e s of 1861
7-30sof 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.
Compound-interest notes
7-30S of 1864-66
Certificates of i n d e b t e d n e s s . .
Temporary loan
3 p e r c e n t certificates
Total

P e r ct. •
4h
2
6

• $6,400.00
63.500.00
.. 50.00

$64,150.00
153,700.00
2,450.00
9,400.00
31,215.00
26,900.00
162,610.00
121,600.00
3,000.00
• 2,850.00
5,000.00

. 250.00
50.00
520.00

. $57,750.00
90,200.00
2,400.00
9,400.00
. 30,965.00
26,850.00
162,090.00
121,600.00
3,000.00
2,850.00
5,000.00

75,770.00

1,.205,090. 26

53,847.50
346^681,016.00 s$lO9,6OO,OOO.O0 109,600,000.00

53,847. 50
C.346,681,016. CO

J*
•5
6

I*
4 to 6
3

.

.

1,280,860.26

DEBT BEARING NO INTEREST.
Old d e m a n d n o t e s
United States n o t e s . .
National-banknotes; redemption account
. '
Fractional currency

24,253,425.00

393,659j412.63

346,582.089.00 168,-430,000.00 105,902,220.00
453.997,000.00 273,008,000.00 262,299,000.00
10,757,000..00
30,000,000.00

4.09,109,869.00
464,706,000.00
19,243,000.00

'830,579,089.00 441.438,000.00 378,958,220.00

893,058,869.00

.....

Gold certificates
Silver certificates.
.
T r e a s u r y n o t e s of 1890
Total

2.158,610.445.89 649.495.876.00 605,641,539.00 2,202,464,781.89

Aggregate

No.

40,053,308.50
6,871,240. 63

395. (380.156. 63 133,853.425.00 135,874,169.00

Total
C E R T I F I C A T E S AND TREASURY
NOTES.

26,272.086.00
2,083.00

i2,071,969.50
6,873,323.63

80>.—PUBLIC DEBT J U N E 30, 1903, AND SEPTEMBER 30, 1903, AND CHANGES^DUR- ING THE P E R I O D . . " '
.

T i t l e of l o a n .

Rate
of i n terest.

Outstanding
J u n e 30, 1903,

Is.sued d u r i n g
t h e period.

. "Retired
during the
period.

Outstanding
Sept. 30,1903. •

INTEREST-BEARING DEBT.

F u n d e d l o a n of 1907.
Refunding certificates..
L o a n of 1904
L o a n of 1925
. .
L o a n of 1908-1918
-.
Consols of 1930

P e r ct.
4
$173,385,650.00
A
30,600.00
5
19,385,050.00
4
118,489, 900.00
3
83,107,060.00
2
• 520,143,150.00

8,579,900.00

914,541,410.00

8,579,950.00

• Total

$50.00

$6,358,900.00
. 70.00
2,001,950.00
2,221,000.00
10,581,920.00

$167,026,800.00
30,530.00
• 17,383,100.00
118,489,900:00
• 80.886,060.00
.528,723,050.00
912,539,440.00

DEBT ON W H I C H INTEREST

HAS CEASED.
Old d e b t
xVto6
6
L o a n of 1847
•5
T e x a n i n d e m n i t y stock
5 .
L o a n of 1858
5 20s of 1862 . . .
..
.....
6
6 •
6 "^Os of J u n e 1864
6
5 20s of 1865 .
.
. .•
.'....
10 40s of 1864
5
6
Consols'of 1865 .
Consols of 1867
6
' 6
Consols of 1868
liOan of F e b r u a r v 1861
6 "
5
F u n d e d l o a n o f 1881
F u n d e d l o a n of 1881, c o n t i n u e d .
3^
Oregon w a r debt
6
L o a n of J u l y a n d ' A u g u s t , 1861..
6
L o a n of J u l y a n d A u g u s t , 1861,
3^
T,nnn nf ISfi^ nSSI'^'i
6
L o a n of 1863, c o h t i n u e d
3
DigitizedLfor FRASER 1882
o a n of J u l v 12
F u n d e d l o a n of 1891
4i

http://fraser.stlouisfed.org/
Federal Reserve T^T 1Q0.^~ Louis
Bank of St. - I Y

151,635.26.
950.00
20,000. 00
2,000.00
214,550.00
15,900.00
. 20,850.00
19,350.00
73,^900.00
107,350.00
11,050.00
5,000.00
27,950.00
50.00
2,400.00
15,050.00
.

151,635.26
950.00
20,000.00
2,000.00
214,550.00
15,900.00
20,850.00
19,350.00
73,900.00
107,350. 00
11,050.00
6,000.00
27,950.00
50.00
. '2,400.00
15,050.00

1,600.00
3,100.00
100.00
200.00
.» 57,750.00

1,600.00
3,100.00
. 100.00
200.00
56,750.00

i,666..6o

258

REPORT OK T H E F I N A N C E S .

N o . §0.-

-PuBLic DEBT J U N E 30, 1903, AND SEPTEMBER 30, 1903, AND CHANGES DUR-

ING THE PERIOD—Continued.
T i t l e of l o a n .

Rate
of i n terest.

F u n d e d l o a n of 1891, c o n t i n u e d

P e r ct.
2
6

Outstanding
J u n e 30, 1903.

$90,200.00
2,400.00
9,400.00
30,965.00
26,850.00
162,090. 00
121,600.00
3,000.00
2,850.00
5,000.00

• $7,000.00

20.00

$83,200.00
2,400.00
9,400.00
30,945.00
26,850.00
162,070.00
• 121,600.00
3,000.00
2,850.00
5,000.00

8,040.00

1,197,050.26

53,847.50
346,681.016.00 $28,200,000.00

28,200,000.00

53,847.50
346,681,016.00

40,053,308.50
6,871,240.63

6,145,175.00

6,371,348.00

39,827,135.50
6,871,240.63

393,659.412.63

34,345,176.00

34,571,348.00

393,433,239.63

38, 300,000.00
70,764,000.00

26,922,000.00
70,755,000.00
1,745,000.00

420,487,869.00
464,715,000.00
17,498,000.00

893,058,869.00 109,064,000.00

99,422,000.00

902,700,869.00

5
6
4to6
3

T h r e e p e r c e n t certificates
Total
DEBT B E A R I N G NO INTEREST.
Old d e m a n d notes
United States notes
National-bank notes, redemption account
Fractional currency.
Total

•

NOTES.
Gold certificates
Silver certificates
T r e a s u r y n o t e s of 1890

409.109,869.00
464,706,000.00
19.243.000.00.

Total

2.202.464.781.89 151,989,125.00 144, 583,308.00 2,209,870,598.89

As'firega te . . . I
§1.—UNITED

.26.60

•^

C E R T I F I C A T E S A N D TREASURY

STATES BONDS RETIRED,

T i t l e of l o a n .

L o a n of 1847
Bounty-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
5-20sof 1862
L o a n of 1863
6-20sof M a r c h , 1864.
5-20S of J u n e , 1864
5-20sof 1865 .
•
Consols of 1865
Consols of 1867
Consols of 1868
Texan indemnity stock
•...
L o a n of 1860
L o a n of 1858
10-40S of 1864
;
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
"liOan of J u l y a n d A u g u s t , 1861, continued
.•
i...
L o a n of 1863, c o n t i n u e d
F u n 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 l o a n of 1891, c o n t i n u e d
B o n d s issued t o P a c i f i c 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
.'
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 City a n d Pacific
L o a n of 1904
L o a n of 1925
'
.".....
Total

Outstanding
Sept. 30, 1903.-

1,205,090.26

7 30s of 1861
O n e - v e a r n o t e s of 1863
Tvvo-vpar n o t e s of 1863
Compound-interest notes
7 ROs of 18fi4 65
Certificates of i n d e b t e d n e s s . '

No.

Retired
during the
period.

Issued during
t h e period.




Rate
of i n t e r est.
P e r ct.
6
6
6
6
6
' 6
6
6
6
6
6
6
6
5
5
5
5

H
4
•

'

3i
H
3i
3
3
2
6
6
6
6
6
.6
b
4

PROM M A Y , 1869, TO J U N E 30, 1903.

Redeemed.

$47,900
1,075
7,798,000
685,800
12,932,400
430,310, 700
4,684,700
2,382,200
69,867,000
157,696,450
205,270,900
310,095,100
37,477,600
232,000
7,022,000
6,041,000
192,458,450
72,862,300
81, o n , 850
1,418,850

Purchased.

$10,612,000
256,800
48,776,700
57,155,850
19,854,250
1,119,800
43,459,750
36,023, 350
118,960,550
62,846,950
• 4,794,050

Converted
a n d exchanged.

$27,091,000
380,500
12,218, 650
9,586,600
8,703,600
6,568, 600
266,660
13,957,000
2,089,500

43,599,000
143,518,200
231,337,550

127,595,600
37,226,200
109,155, 250
305,581, 050

334,783,550
13,231,650
292,349, 600

2,913,540
25,322,000

ii3,288, 366

25', 885,120
27,236,512
6,303,000
1,600,000
1,970,560
1,628,320
8,543, 650
43,825, 500
2,269,799,887

72.071.300

877,587,490

906.676. 500

Total.

$47,900
1,075
18,410,000
942, 600
61,709; 100
514,557,550
24,538,950
3,882, 500
125,545,400
203,306,400
332,925,050
379,510,650
42,528,300
232,000
7,022,000
19,998,000
194,547,950
116,461, 300
224,530,050
567,539,950
127,595, 600
50,457,850
401,504,850
305,581,050
116,201,840
25,322,000
25,886,120'
27.236,512
6.303,00&
1.600,000.
1,970,560^
1,628,320>
80, 614.950i
43.825,500.
4,053,963,877

259

TEEASUBEB.
No.

8 2 . — B O N D S , AND OTHER SECURITIES R E T I R E D POR T H E S I N K I N G F U N D
THE F I S C A L Y E A R 1903, A N D T O T A L P R O M M A Y , 1869.

T i t l e of l o a n .

Retired during fiscal
year.

War-bounty scrip
L o a n of 1860
L o a n of F e b r u a r y , 1861
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
5-20S of 1862
L o a n of 1863
10-40S of 1864
5-20S of M a r c h , 1864
5-20S of J u n e , 1864
6-20S of 1865
Consols of 1865
Consols of 1867
:
.'...
Consols of 1868
F u n d e d l o a n of 1 8 8 1 . . : . '
F u n d e d l o a n of 1891
$6,400.00
F u n d e d l o a n of 1907
'•25," m o o '
L o a n of 1904
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, c o n t i n u e d
F u n d e d l o a n of 1881, c o n t i n u e d
500.00
L o a n of J u l v 12, 1882
L o a n of 1908-1918
F u n d e d l o a n of 1891, c o n t i n u e d
63,500.00
16.504,300.00
L o a n of 1925
T r e a s u r y n o t e s i s s u e d p r i o r t o 1846
T r e a s u r y n o t e s of 1861
50.00
T e m p o r a r y l o a n certificates, a c t 1862 . . .
Certificates of i n d e b t e d n e s s , a c t 1862
Certificates of i n d e b t e d n e s s of 1870
O n e - y e a r n o t e s of 1863
250.00
T w o - y e a r n o t e s of 1863
5Q.00
520.00
Compound-interest notes
7.30s of 1861
7.30.^ of 1864-65 . . . ' .
2,083.00
Fractional currency
United States notes
Old d e m a n d n o t e s —
National-bank notes
.'
...
90.00
R e f u n d i n g certificates
Total.

No.

16,603,043.00

F r o m M a y , 1869.
Redeemed.

Purchased

,$176.00
10,000.00
3.000.00
1.400.00
78,460.00
30,037,400.00
23.100.00
691.600.00

$10,612,000.00
256,800.00
48,776,700.00
24,029,150.00
19,854", 250.00
361 600.00
18,356: 100.00
16,866 150.00
48,166', 150.00
32,115, 600.00
2,213, 800.00
43,599, 000.00
46,274, 850.00
129,053, 560.00
8,543, 650.00

11.072.100.00
1.982.450.00
65.450.00
76.700.00
21.350.00
25.086.000.00
60.730,800.00
56.633.000.00
37.220.300.00
43,710,300.00
168,692,750.00

'2,396,800.00
25,322,000.00
"43,*825,'566.'66"

n o . 00

Total.
$175.00
10,000.00
10,615,000.00
2.58,200.00
48,855.150.00
54.066.550.00
19,877.350.00
691.600.00
361, 600.00
29,428,200.00
18,848, 600. 00
48", 231, 600.00
32,192.300.00
2.235.150.00
68.685.000.00
. 97,005.650.00
129,053, 550.00
8,643,650.00
66.633,000. 00 •
37,220,300.00
43,710,300.00
168,692,750.00
2,396,800.00
25,322,000.00
43,825,500.00

100. 00
110.00
1,000.00
678,000.00
4,740.00
1,650.00
27,450.00
1,450.00
11,900.00
26,244,642.30
29,090,564. OO
2,620.00
32,037,689.50

100.00

90.00
539,560,350. i

F i v e - t w e n ties of 1862:
D e c e m b e r 1,1871
M a r c h 7,1872
March'20,1872
J u n e 1,1873
September 6,1873..
N o v e m b e r 16,1873..
F e b r u a r y 1,1874 . . .
S e p t e r a b e r 3,1874 . .
September 5,1874..
N o v e r a 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, 1 8 7 5 . . .
M a v 1, 1875
,
J u r i e 1. 1875
J u n e 11,1875
J u l y 20, 1875
Augu.st 1,1875
A u g u s t 15, 1876
S e p t e m b e r 1, 1875..
S e p t e m b e r 24, 1875.
O c t o b e r 14, 1 8 7 5 . . . .
O c t o b e r 28, 1 8 7 5 . . . .

Total.




Call
No.

Amount
called.

1,000.00
678,000.00
4,740.00
1,650.00
27,450.00
1,450.00
11,900.00
26,244,642.30
29,090,564.00
2,620.00
32,037,689.50
90.00

495,301,740.00 1,034,862,090.80

Redeemed
during
year.

Total
redeemed.

1903.
Outstanding.

$99,942,560
16,218,850
20,098,160
" 49,815,750
20,026,400
14,328,600
4,992,300
5,016,850
1,003,950
25,001.700
14.801,050
10.166, 750
5,086,000
16,009,200
6.005,060
29, 981,200
5,005,700
6,001,550
6,002,350
9,995,350
5,003,050
10,001,450
14,892,250

$99,969,600
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
6,091,700
15,028,350
6,005,600
29,998,700
6,006,300
5,001,850
5,003,550
10,000,950
6,005,200
10,004,800
14,896,750
391,600,600

n o . 00
n o . 00

§ 3 . — B O N D S C A L L E D , R E D E E M E D , A N D O U T S T A N D I N G J U N E 30,

L o a n a n d m a t u r i t y of call.

DURING

1,200

$17,050
3,400
7,350
62, 900
15,700
6,700
• 2,400
3,250
1,000
• 16,000
6,650
11,550
6,700
19,150
550
17,500
600 300
1,200
5,600
2,150
3.350
4,500

391,386,050

214,550

260
No.

REPORT ON T H E FINANOES.
8 3 . — B O N D S CALLED, REDEEMED, AND OUTSTANIDING J U N E 30, 1903—Continued.

L o a n a n d m a t u r i t y of c a l l .

F i v e - t w e n t i e s of J u n e , 1864:
N o v e m b e r 13, 1875
D e c e m b e r 1,1875
Do.:...
D e c e m b e r 17,' 1875
J a n u a r y 1, 1876
F e b r u a r y 1, 1876
February 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 . .
D e c e m b e r 6, 1876 . .
D e c e m b e r . 12,1876 .
D e c e m b e r 21, 1876 .
J a n u a r y 6, 1877 . . . .
A p r i l 10, 1877
A p r i l 24, 1877
M a y 12, 1877
M a y 2 8 i 1877
J u n e 3,1877
J u n e 10, 1877
June 15,1877.......
" J u n e 27,1877
July-5, 1 8 7 7 . . . . . . . .
A u g u s t 5. 1877
Total .
Consols of 1865:
A u g u s t 21,1877
A u g u s t 28,1877
S e p t e m b e r 11,1877.
O c t o b e r 6,1877.....•
October 16.1877....
October 19,1877....
October 27,1877....
N o v e m b e r 3,1877 . .
M a r c h 6.1878
J u l y 30,1878 . . . . . . .
A u g u s t 6,1878..-.,...
August 22,1878.....
S e p t e m b e r 5.1878 . .
S e p t e m b e r 20,1878.
October 11,1878..-.
Octo.ber 1 7 . 1 8 7 8 . . . .
October 23,1878....
O c t o b e r 30,1878.....
N o v e m b e r 5,1878 . .
N o v e m b e r 7,1878 . .
N o v e m b e r 10.1878.
N o v e m b e r 16.1878 .
N o v e m b e r 26,1878.
• December 4,1878...
D e c e m b e r 16,1878..
F e b r u a r y 16,1879 . .
F e b r u a r y 27,1879 . .
M a r c h 9,1879
March 18,1879....Total .
C o n s o l s of 1867:
A p r i l 1,1879 .
A p r i l 4,1879 ..
A p r i l 6,1879 ..
o A p r i l 8,1879 ..
A p r i l 11,1879.
A p r i l 14,1879.
•
A p r i l 18,1879.
A p r i l 21,1879.
A p r i l 24,1879.
A p r i l 28,1879.
• M a y 1,1879..M a y 6,1879...
M a y 12,1879.-..
M a y 17,1879..
• M a y 24,1879..
for FRASER 8 7 9 . . .
J u n e 4,1

Digitized


Call
No;

Amount
called.

Redeemed
during
year.

Total
redeemed.

Outstanding. . .

$9,104,500
8,043,900
5,024,760
.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, o n , 650
12,801,850
•3,024,050

58,046,200

58,030,300

1,974,700
10,032,300
9,996,300
10,012,250
10,053,750
10,008,250
10,0-26, 900
10,155,150
10,138,300
9,904,300
10,041,050
10,003,250
10,048,300
10,005,600
.10,019,000
10,114,660

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
10,114,550

152,533,850

162,513,000

20,850

10,160, 700
10,018,650
15,000,600
• 10,003,400
10,016,550
10,007,650
10,012.660
10,063,700
10.032,350
5,083,850
5,007,850
4,973,100
. 5,001,100
•
4,795,250
4,936,000
4,989,860
. 6,082,800'
6,254,300
4,965,000
6,089,360
4,991,200
6,072,200
4,996,300
4,620,660
5,003, 200
5,060,660
5,012,500
5,007,400
. 12,374,950'

10,158,400
10,015,200
14,990,050
10,000,200
10,000,750
10.004,200
10,006,350
10,058.050
10.031,250
• 5,083.000
5.006,450
' 4,972,050
5.000,500
4,792.200
4.931.800
4,985.750
6.082.700
5,251-, 300
4,964,800
6,087,300
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

2,3003,450
5,550
3,200
14,800
3; 450
6,300
5,650
1,100
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

202,557,850

73,900

202.631,750
9.983,700
9,893.300
10,314,700
10,006,660
. 9,389,600
20,104,700
19,604,800
18.579,500
21,622,950
20,263,900
20,161,250
20,044,250
19,858,600
20,219,200
19,407,450
10,674,400

50

1,050

9,981,300
9.883.450
10,311.600
10.002,650
9,386,000.
20,096,200
19,596,550
18,572,750
21,617,250
20,248.700
20.158,250
20,041,050
19,847,150
20,214,850
19,403,650
10,668,100

$8,100
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

.2,400
• 9,850
3,100
• 4,000
3,600
8,500
8,250
6,750
5,700
5,200
3,000
3,200
11,450
- 4,350
3,800
• 6,300

261

TBEASUBEB.
Xo.

8 3 . — B O N D S CALLED, REDEEMED, AND OUTSTANDING J U N E 30, 1903—Continued.

L o a n a n d m a t u r i t y of c a l l .

Call
No.

Consols of 1867—Continued.
• J u n e 12, 1879
J u n e 29, 1879
J u l y 3,1879
J u l y 4,1879

Amount
called.

Redeemed
during
year.

$10,464,650
' 10,076,700
9,972,800
19,213,050
309,846,150

Total .

Total
redeemed.

Outstanding.

$10,463, 300
10,064,900
9,971,000
19,2.1.0,100
$2,750

$1,35011,800
1,800
2.950

309,738,800

107.350

•Consolsof 1868:
J u l y 4,1879..

11,050

Ten-forties of 1864:
J u l y 9,1879
J u l y 18,1879....
J u l y 21,1879....

10.294.150
157.607,600
24^575,050

200
300

10,291,150
157.691.250
24,575,050

3.000
16.360

Total .

192,476,800

500

192,457.450

19,350 .

F u n d e d l o a n o f 1881:
May 21,1881......
August 12,1881...
O c t o b e r l , 1881...

101
103
104

25.029.100
10.097.050.
28.182, 350

1,000
24.800
2.150

63,336.460

Total .

25.030,100
10,121,850
28,184,500

63.308, 500

27,950

12,932,400

15.050

L o a n of J u l y a n d A u g u s t , 1861.
J u l y . 1,1881..

102

12,947.450

L o a n o f 1863:
J u l y 1,1881.

102

4,687,800

105
106
.107
108
109

20,031,560
20,184,900
19,564,100
20,646,700
, 5,086,200
5,010,200
5,096,550
15,109,950
11,227,600

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

121,857.650

121,856,050

1.600

15,024,700
16,304,000
3,269.750

15.024,700
16,304,000
3.269.650

100

34,698.450

34.598,350

100

L o a n of J u l y a n d A u g u s t , 1861, continued:
D e c e m b e r 24,1881
:....
J a n u a r y 29, 1882
M a r c h 13, 1882
A p r i l 8., 1882
M a y 3, 1882
....:...
M a y 10, 1882
M a y 17, 1882
:
J u n e 7,1882
:
J u l y l , 1882
:....

no
111
112
113

Total.
L o a n of 1863, c o i i t i n u e d :
A u g u s t 1, 1882
September 13,1882...
O c t o b e r l , 1882

114
115
116

Total.
F u n d e d l o a n of 1881, c o n t i n u e d :
D e c e m b e r 23, 1882
J a n u a r y 18,1883
F e b r u a r y 10, 1883
M a y l , 1883
• N o v e m b e r 1, 1883

September 16,1886.




122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140

.26,822,600
16,119.850
15.221,800
15,215,350
30,753,350

500

500

100

'i."666
""560

25,822,550
16,119,850
15,221,800
15,215,350
30,753,350

103,132,950

117
118
119
120
121

Total.
L o a n of J u l y 12, 1882: '
D e c e m b e r l , 1883..
• ^December 15,1883».
. F e b r u a r y 1, 1 8 8 4 . . .
M a r c h 15,1884
M a y 1,1884
June 20,1884......:
Jun"e 30,1884
A u g u s t 1,1884
S e p t e m b e r 30,1884.
N o v e m b e r 1,1884 . .
F e b r u a r y 1,^1886 . . .
March 1,1886......
A p r i l 1,1886
.Mayl;1886
• J u n e 1,1886
J u l y 1,1886.-.
- August 1,1886......'
S e p t e m b e r 1,1886..

3,100

103,132,900

15,272,
15,133,
10,208,
10,047,
10,093,
10,010.
10,151,
10,040,
10,050,
10,330,
10,098;
10.000,
10,012,
10,009,
10,002,
4,001,
4,007
4,004,
10,008,

15, 272,100
15,133,650
10,208,850
10,047,850
10,093,000.
10,010,250
10,151,- 050
10,040,800
10,050,100
10,330,750
10,098,15010,000,250
10,012,750
10,009,750
10,002,900
4,001,850
'4,007,700
4.004,950
10,003,660

100

100

262
No.

REPORT ON T H E FINA.NCES.
8 3 . — B O N D S CALLED, REDEEMED, AND OUTSTANDING J U N E 30, 1903—Continued.

Loan and maturity of call.

Loan of July 12,1882—Continued.
October 1,1886
October 16,1886
November 1,1886
•...
December 1,1886
February 1,1887
March 1,1887
April 1,1887
May 1,1887
July 1,1887
....:....

141
142
143
144
145
146
147
148
149

Amount
called.

Call
No.

Total
redeemed.

302.258,800

158

Aggregate.

Outstanding.

$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

150

Funded loan of 1891, continued:
August 18,1900

$15,005,000
16,122,400
15,008,300
10,005,350
10,010,900
13,887,000
10,007, 750
10,014,250
19,717,500

302,269,000

Total .
Funded loan of 1891:
September 2,1891.

No.

Redeemed
duiing
year..

25,457,000
25,364,500
2,038,196,900

$200

$6,400

25,399,250

63,500

25,274,300

90,200

74,900 2,037,537,950

658,950

8 4 . — P U B L I C DEBT, EXCLUSIVE OP CERTIFICATES AND TREASURY NOTES, AT THE

END OP EACH MONTH, PROM JANUARY, 1890.

Month.

1890—January
February
March
April .. .
Mav
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
Mav
.
June ...:......
July
August
Sep t e m b e r . . . V.
October
November
December
1

''Interestbearing.

$740,327,450
736,029,620
723.499,020
719,178,570
• 713,488,580
711,313, n o
700,799,360
680,978,020
638.688,070
632.283.390
629,492,590
619,019.740
617.146.750
615.601.580
613,512,780
610,771,520
610,529,120
610,529,120
610,529,420
610,529,420
585.024.720
586.026,720
585,026,870
585,026,970
585,027,680
585,028,080
585,028,630
585,029,030
585,029,280
585,029,330
685,030„380
585,031,080
585,031,170
585,032,020
585,032,980
685,033,080
685,033,660
585,034,260
585,034,260
586,034,810
586,035,110
585,037,100
586,037,440
585,037,690
586,037,740
585,039,040
585,039,220
585,039,310 1




Matured. «

Qnited States National-bank
notes a n d
• notes, redempfractional cur- tion account.
rency.

.TotaL

$1,841,345.26 $353,661,590.97
$67,195,912.75 $1,163,016,298.98
1,833,885.26 353,651,202.97
64.182,864.25 1,1.54,697,472.48
1,831,105.26 353,-651.202.47
62,140,825.75 1,141,122,153.48
1,826,046.26 353,650,008.47
60,040,957.25 1,134,696,580.98
1,824,165.-26 353,649,469.47
58,022,894.75 1,126,985,109 48
1,816,806.26 353,648,559.47
55,619,359.75 1 122 396 834 48
1,803,135.26 353.648,559.47
54,207,975.75 1, n o ; 459,030.48
1,777,276,26 353,648,559.47
55.059,296.75 1,091,463,151.48
1,750.986.26 353,648,659:47
56,005,865.25 1,050,093,479.98
1.708,635.26 353,647,675.47
54,796,857.25 1,042,436,657.98
1,687,345.26 353,647,675.47
52,994. 622.75 1,037,822,233.48
1,682.505.26 353,647,675.47
51,323,030;76 1.025.672,951.48
1.679,696.26 353,646,525.47
49,107,010.75^ 1,021,678,98L 48
1,671,865.26 353,646,525.47
47.165.815.25 1,017,985,785.98
1,670,116.26 353,646,396.47
45,116,485. 75 1,013,945,776.48
1,660,636.26 353,645,240.82
44,156, 999.25 1,010,234,395.33
1,647,505.26 353,645,240.82
42,203,360.75 1,008,025,226.83
1,614,705.26 353,644,343.10
40,018, 392:25 1,005,806,560 61
1,613,320.26 353,644,343.10
38,461,876.25 1,004.248,958.61
1,611,770.26 353,644,343.10 . 37,372,208.75 1,003,157,742.11
9,127,290.-26 353,643,355.10
36.640,138.25
984,335,503.61
6,209,230.26 353,643; 355.10
35,430,670.75
980.309,976.11
5,279,770.26 363,643,365.10
977,739.986.61
. 33,789,991.25
4,633,340.26 353,642, 337.10
975.981,946.61
32.679.299.25 .
3,965,900.26 > 353,642,337.10
973,986,294.11
31,350,376.75
3,725,410.26 353,641,397.10 . 29,888,003.25
972,282,890.61
3,461,670.26 353,641,397.10
971,026,528.11
28,894.830.75
3,304,210.26 353,641,397.10
970,248,153.11
28.273„616.75
3,167,345.26 353,641,397.10
969,359;253.61
27.621.231.26
2,785,875.26 353,640,126.12
968,218,840.63
26.763,509.25
2,603.325.26 353,640,126.12
967,378,935.13
26,105,103.75
2.536.765.26 353,640,126.12
967,226,419.63
26,018,448.25
2,510,146.26 353,640,126.12
966,518,164.13
25,336,722.75
2,459,655.26 353,640,126.12
966,322,734.13
25,191,032.75
2,432.015.26 353,640.126.12
965,242,799.63
24,137,678.25
2.385.045.26 353,640,126.12
964.524.753.13
23.466.501.75
2.357.755.26 353,640,126.12
963.803,033.63
22,771,492.26
2.335,305.26 353,640,126.12
963,281,752.63
22,272,061.25
2.301.590.26 353,637.788.12
962,828.-219.13
21.854.580.76
2,228.490.26 353,637,788.12
962 407 764 13
21,506,675.75
2.191,010.26 353,637,168.12
20,887,600.25
961.750.888.63
2,094,060.26 353,637,168.12
20,663,437.75
961.431,766.13
2,081,630.26 353.637.168.12
20.364.878.25
961,121,016.63
2,046,640.26 353.637,168.12
20.239.960.26
960,960,258.63
1,984,770.26 363,637,168.12
20,727,096.76
961,386,775.13
1,974,570.26 353,637,168.12
21,295,714.25
961,946,492.63
1,939,380.26 353,637,168.12
20,952,647.75
961,568,316.13
1,913,630.26 1 363,637,168.12
23,015,908.75 1 963,605,917.13

TBEASUBEB.
No.

263

8 4 . — P U B L I C DEBT, EXCLUSIVE OP CERTIPICATES AND TREASURY NOTES, AT THE
END OP EACH MONTH, *PROM JANUARY, 1890—Continued.

Month.
1894—.lanuary . . . .
February...
March
April
May
June
July
August
September..
. October
November.December..
1895—January
February...
March
April
May
June July
August
September..
October —
November..
December..
1896—January
February...
March
April
M a y .'
...
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
M a y ---•-....
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.......

Interestbearing.

Matured.

$585,040,090 $1,884 630. 26
625,872,000
1,871, 020.26
634,940,930
1,864, 120.26
635,041,380
1,862; 030.26
635,041,840
1,858, 390.26
635,041,890
1,851, 240.26'
' 635,042,590
1,840, 850.26
1.83i; 750.26
635,042, 670
1.830: 030.26
635,042,810
1.828! 280.26
635,042,'860
1,826: 930.26
639,143,030
1,825; 800.26
• 679,168,130
1,792! 690.26
^ 684,323,710
1,779; 300.26
685,043,860
1,770: 250.26
713,851,960
1,754; 660.26
716.201,910
1,734: 920.26
716,202,010
1,721: 590.26
716,202,060
1,699; 650.26
747.360,400
1,695, 870.26
747, 360, 610
1, 685, 660.26
747,360.820
1,681, 670.26
747.361,560
1,676, 180.26
747,361,960
1,674, 510.26
747,361,960
1,673, 190.26
747.362,820
1,667, 630.26
. 822,615,170
1,659, 510. 26
837,404.140
1,651, 790.26
842,312,140
1,645, 970.26
845,488,590
1,636, 890.26
847,363,890
1, 633, 640.26
847,364,250
1,622, 960.26
847.364,260
1,621. 790. 26
847,364,260
i,607 010.26
847,364,460
1,591, 620.26
847,364,520
1.383, 070.26
847.364.690
1, 382, 930.26
847,364,750
1,358, 210.26
847,364,950
1,355, 760.26
847,364,950
1,353, 830.26
847,365,030
847,365,030 ^ 1,348, 510.26
1,346. 880. 26
847,365.130
1.336, 340.26
847.365,320
1.336. 280.26
847,365,540
1,334, 570.26
847,365,540
1,331, 540.26
847.365.560
1,331, 280.26
847.365.620
1,330, 270.26
847,365,620
1,328, 540.26
847,365,810
1,327, 670.26
847,366,680
1,283, 780.26
847,366, 680
1.280, 680.26
847,367,010
1,264, 850.26
847,367,410
1,262 680.26
847,367,470
1,260, 050.26
847,367,730
1,259, 030.26
922,212,800
1,256, 790.26
990,088,600
1,246, 870.26
1,026,766,960
1, 241, 630.26
1,036,396,630
1.237. 200.26
1,040,215,980
1.237. i.50.26
1,040,562,030
1,231, 670.26
1,040,735,270
1,219, 420.26
1,045,775,290
1,218, 390.26
1,046,048,680
1,218, 350.26
1,046,048,730
1,218, 300.26
1,046,048,760
1,215, 740. 26
1,046,048,770
1,215, 150.26
1,046,048,850
1,216, 030.26
1,046,048,850
1,210, 030. 26
1,046,049,020
1,209, 820.26
1,037,049,690
1,208, 500.26
1,026,772,320
1,208, 410.26
1,026,863,050
1,208, 000.26
1,026,862,120
1,207 ,600.26
1,026,862,140
1,182, 170.26
1,026,863,490
1,181 ;880.26
1,026,482,990
1,176; 320.26
1,023,478,860
1,17 , 310.26
1,021,126,160




Uriited States National-bank
notes and
redempfractional cur- notes,account.
tion
rency.

Total.

$24,582, 359.75
$353,635, 445.92
$965.142. 525.93
25,977, 549.25 1,007.356, 015.43
353.635, 445.92
25,957, 602.00 1,016,398,098.18
353,635,445.92
27,019 048.50 1,017,556, 979.68
353,634, 520.92
26,38i: 809.00 1,016,916: 560.18
353,634, 520.92
26,371 685.50 1,016,897: 816.68
353,633, 000.92
26,317 470.00 1,016,833: 911.18
353,633, 000. 92
26,234, 592.55 1,016,742,013.73
353, 633,000.92
27,060, 495.50 1.017,566,336.68
353,633; 000.92
28,163,475.50 1,018,667, 616.68
353,633, 000.92
29.487 , 564.00 1,024,090, 525.18
353,633, 000.92
29,615."
353,631, 895.92
"449.50 1,064.241, 275.68
29, 301,277.00 1,069,049,573.18
353,631, 895.92
28,155, 471.00 1,068.610. 527.18
353,631 895.92
27,393, 816.00 1.096,647. 307.18
353,631,280.92
27,069 968. 50 1,098,657,819.68
353,631, 280. 92
26,205 181.00 1,097.773. 392.18
353,631, 280. 92
25,359,489.00 1,096', 913,
353,629, 980.99
120.25
24.568. 404.00 1.127,258,435.25
353,629, 980.99
24,277 018.00 1,126, 963,
353,629, 980.99
479.25
23,818, 538.50 1,126,494, 999.76
353,629, 980. 99
23.706, 619.00 1,126,379,106.90
353,629, 257.64
23', 216,
353,.629,257.64
600.00 1,125,883,997.90
.22,659, 734. 50 1,125,325,462.40
353,629, 257.64
353, 628,352.64
21.973, 653..00 1.124,638,015.90
353,628, 352.64
21,863, 326.50 1,199,774,479.40
353,628, 352.64
21,291 999.00 1,213,984, 001. 90
353,628, 352.64
20,786 048.00 1,218,378,330.90
353,628, 352. 64
19,906, 698.00 1,220,669, 610. 90
353, 626,547.64
20,102, 022.50 1,222,729,350.40
353.626, 647.64
19,688 546.50 1,222,312, 984.40
353,626, 547.64
19,229
50 1,221,843, 596.40
353,625. 867.64
18,845,768.00 1,221,457,685.90
353,625, 867.64
18,474, 380. 00 1,221,071, 717.90
353,625,867.64
18,544,249.50 1,221,120,257.40
353,625, 867.64
18,876, 333.50 1, 221,249,
961.40
353,625, 867.64
20,997; 189.50 1,223,370. 737.40
353,624,604.64
23,089, 944. 50 1, 225,437.
709.40
353,624, 604.64
23,662: 492.00 1,226,007, 806.90
353,624, 604.64
23, 991:184.50 1,226,334,649.40
353,624, 604.64
24,459: 719.50 1,226.797. 864.40
353,623, 065.64
24,458: 637.00 1.226.793. 712.90
353,623,065.64
24,138 377. 00 1,226,463, 102.90
353, 623,065.64
24,571: 442.00 1,226,896. 327.90
353,623, 065.64
24,992,324.50 1, 227,315,
600.40
353,623, 065.64
26,000, 524.50 1,228,320, 690. 40
,
353,622, 300.64
27,570, 824.60 1,229,890, 025.40
353,622. 300.64
32,268,146.00 1,234,586, 336.90
353.621. 635. 64
33,257, 139.00 1, 235,573.
124. 90
353,621. 635.64
33,352,434.00 1,235,668, 419.90
353,620. 615.64
32,612, 218.50 1,234,883, 294.40
353.620, 615.64
31.974, 968.50 1,234,243, 274. 40
353,620, 616.64
31,275,699.50 1,233,528,575. 40
353,619, 765.64
30,493, 147. 00 1,232.743, 062.90
353, 619,766.64
30,677, 676.00 1,232,925,221.90
353,619, 765.64
30.266, 206.00 1,307,357,801.90
353, 618,987.64
30.072, 331.00 1,375,036,708.90
353,618, 987.64
,
29,572, 380. 00 1,411,205,197.90
353.618, 987.64
,029.60 1,419,850,277.50
28,693,
353. 618,987.64
,814.00 1,423,940,981.90
28.868,
353.618, 242.64
,003. 00 1,427,209,425.90
31.792,
353.618, 242.64
,
31,422, 722. 00 1,427,007, 904. 90
353.618, 234.16
,782.00 1,433,518,726.42
32, 935,
353, 617,356.16
,371.00 1,435,714,797.42
34.830,
353,617, 356.16
,064.00 1,436.475.500.42
35.591;
353,616:
,381.50 1.436,700, 703. 92
;272.16
35.817:
353,616: 272.16
,056.00 1,436.431,838.42
35,651;
353, 616;272.16
,155.00 1.436.659.427.42
35,779:
353, 616,
,
,272.16
35,721: 240.00 1,436,601, 392.42
353,616, 272.16^ 35,145:
,799.00 1,436 021, 121.42
,
353, 615,422.16
, 338.00 1,426, 308,
34.433
27,0.42.
353,615, 422.16
1,218.00 1,417,895,460.42
36,299:
353,615, 422.16
,
36,440; 318.-00 1,418,127,200.42
353,615, 421.91
;
,
35.563, 340.00 1,417,248,882.17
353,614, 318.91
37.365, 294.50 1,419,049,353.67
353,614, 318.91
39,259, 654.00 1,420,919, 633.17
353.614, 318.91
37,113, 151.60 1,418,392, 340.67
353,613, 853. 91
35,147, 878.50 1,413,416,912.67
353, 613:863.91
33.290, 751.00 1,409,206,
,075.17

264
Xo.

REPORT ON T H E F I N A N C E S .
8 4 . — P U B L I C DEBT, EXCLUSIVE OP CERTIFICATES ANJ:) TREASURY NOTES, AT THE
END OP EACH MONTH, PROM JANUARY, 1890—Continued..

Interestbearing.

Month.

1900—August . - September
October - November
December
1901—January - February March
April
. May..:...
June
July
August..September
October . .
November
December
1902—January . .
February.
March.. /.
.April
May
June
..
July
August . . .
September
October...
November
• December
1903—January..
February.
March
April
May
June
July
August...
September

No.

Matured.

United States National-bank
notes and
notes, redemp-J
fractional cur- tion-acco'unt.
rency.

$1,001, 499,260 $9,201, 960.26 $353.613, 273.91
5,516; 220.26 353,613, 273.91
1,001, 499,260
3,430; 030.26 353,613, 273.91
1,001, 499,750
3.081, 410.26 353,613, 273.91
1,001, 499,760
2,654: 070.26 353,613, 273.91
1,001, 499,770
2,023: 190.26 353.613, 273.91
1,001, 500,260
1,830; 690.26 353,612, 325.91
1,001, 500,410
1,770 140.26 353,612, 325.91
1,001, 500,410
1,557, 840. 26 353,612, 325.91
995, 350,380
1,456, 120.26 353,611, 275.13
992 024,480
1,415; 620. 26 353, 611 275.13
987; 141,040
1,.400: 820.26 353.611. 225.13
985, 476,060
1,393: 620.26 353.611, 225.13
982, 640,090
1,343: m : 26 353,611, 225.13
966, 966,120
961, 023,100
1,341, 310.26 353,611, 225.13
1,340, 940.26 353,610, 002.13
949, 062,330
1,339, 790.26 353,609, 355.38
943, 279,210
939: 094,330
1,328, 830.26 353,609. 355.:38
021,160
937;
1,316 270.26 353,609, 175.38
931, 070,700
1,314, 120.26 353,609, 175.38
070,750
931,
1,302, OSO.26 353,609, 172.13
931, 070,340
1,301, 880.26. 353,608, 187.13
070,340
931,
1,280, 860.26 353;608, 187.13
931, 070,340
1,276, 810.26 353,608, 187.13
070,340
931,
1,257, 490.26 353,608, 187.13
187.13
070,340
' 931,
1,256, 860.26 353,608, 457.13
370,230
915.
1,256, 820.26 353,607, 457.13
914, 541,240
1,255, 810.26 353,607, 457.13
914, 541,240
1,255, 710.26 353,607, 457.13
541,330
914, 541,420 n,230, 910.26 353,607, 457.13
914, 541,370
1,230. 610.26 353,607, 564.13
914, 641,390
1,230, 100.26 353,606, 554.13
• 914,
1.230, 050.26 353,606, 554.13
541,360
• 914541,410
1,214, 900.26 353,606;104.13
914, 541,400
1,205, 090.26 353,606,104.13
914, 541,400 . 1,205,070.26 353,606, 104.13
914, 539,440
1,204, 070.26 353, 606,104.13
912,
1,197, 050.26 353, 606,

Total.

$33,'374, 308.00 |$1,397, 688,802.17
33.732; 795.50 1.3'94,361,549.67
32,864: 298.00 1,391, 407,352.17
32,157: 232.50 1,390, 351,666. 67
31,531: 532:50 1,389, 298,646.67
30.472: 127.00 1,387, 608,851.17
28.991: 227.00 1,385, 934,653.17
• 28,703: 554.50 1,385, 586,430.67
28.718: 918.50 1,379, 239,464.67
27.723: 088.00 1,374, 814,963.39
29,404: 309.50 1,371, 572,244.89
28,691, 234.50 1.369, 179,339.89
28,676, 186.50 1,366, 321,121.89
29.595, 339.00 1,351, 516,244. 39
019.50 1,347, 688,654.8'9
. 31.713,
33,268, 870.50 1,337, 282,142.89
35,003. 208.50 1,333, 231,564.14
36,691 029.00 1,330, 723,544.64
•
37,971 313.00 1, 329,917,918. 64 •
, 39,594;625.50 1,325, 588,621.14
41,873, 957.50 1; 327- 855,959.89
41,839, 395.00 1,327, 819,802.39
42,071, 969.50 1,328, 031,356.89
41,929, 629.50 1,327, •884,966.89 '
° 41,646,804.'50 1,327, 582,821.89
42,733, 894.50 1,328: 669,281.89
44,695, 092.50 1,314; 929,599.89 '
43,268, 362:50 1,312, 672,869.89
42,169, 652.50 1, 311,574,059.89
4 2,'908,829.00 1,312: 288,526.39
43,136, 981.50 1,312: 516,368.89
43,147, 883.50 1,312, 525,907.89
42,883, 611.00 1,312, 261,605.39
41,494, 1.16.00 1,310; 856,930.39
40,053. 308.50 i, 309,405,912.89
38,962, 178.50 1,308; 314,752.89
38,023, 493. 50 1,307; 375,067.89
39,827, 135.50 1,307; 169,729.89

8 5 . — L A W P U L MONEY DEPOSITED IN THE TREASURY EACH MONTH OP THE F I S CAL Y E A R 1903, POR THE REDEMPTION OP NATIONAL-BANK NOTES.
Five per cent
account.

Month.
1902—July
August •
September
October
November
December
1903—January
• February
March
' April
May
June.

$11,888,101.79
10,063, 970. 69
8,962,126.12
14,126,992.82
10,939,596.30
13,672, 765.-20
f 15,570, 997.95
15,933,803.03
17,346,222. 26
. . 16,658, 590. 35
16,918,548.53
17,376,636.24

Total




169,458,351.28 .

Failed account.

$5,233.00
395,900.00
12.500.00
2.430.00
74,100.00
2,635.00
492,798.00

Liquidating
account.
$687,125.00
1,620,652. 50
539,867 .-50
619,827.50
213,640.00
588,504.50
416,927. 50
2,379,513.00
709,737.50
570,520.00
289,610.00,
900,462.50
9; 536, 387. 50

Reducing account.

Total.

$932,050.00
$13,507,276.79
385,847.50
12,070,470.69
2, 034,492.50
11,536.486.12
3,090.245.00
17,837,065.32
787.495.00
11,945,964.30
17.200.0014,674,369. 70
2,705,795.00
18,693,720.45
2,307,897.50
20,633.713. 53
2, 526,800. 00 . 20, 585,189.76
1,497.597.50 . 18,800,807.85
845,650.00
18,056 443 53
50,000.00
18,327,098.74.
17,181.070.00.

196,668,606.78

-265

TRJEASUBER.
No. • §(

-DISBURSEMENTS PROM REDEMPTION ACCOUNTS OP NATIONAL BANKS.EACH
MONTH OP THE FISCAL Y E A R 1903.
.
For notes redeemed.

Month.

Transfers and
repayments.

Total disbursements.

$12,937, 225.00
10,803, 230.00
11,907, 040.00
13,654, 907.00
13,624, 465.00
15,257, 245.00
19, 333, 081.00
19,719, 382.-50
20,896. 238.00
16.858, 827.50
19,018, 477.50
19, 905, 553. 00

Total..-

$134,925.75
990,947.50
123,180.00
327,777.50
189,289.23
337,903.88
173,340.80
1.349,495": 31
. 276,.644.47
262,324.39
65,432.40
67,986.50

$13,072, 150. 75
11, 794,177. 50
12,030, 220.00
13,982, 684.50
13,813, 754.23
15,595, 148.88
19,506,42i: 80
21,008, 877.81
21,172, 882.47
17,121, 161.89
19,083. 909. 90
19,963, 539.50

193,916,671.50

1902—July
August
September
October.. November
December 1903—January...
February .
March
April
May
June

• 4,"2S9,247. 73

Balance.

198,204,919.23

$55,309, 870.44
55,586: 163. 63
55,092: 429.75
58, 946,810.57
57,079: 020.64
56,158: 241.46
55,345: 540.11
54,910: 375.83
54,322; 683.12
56,002, 339.08
54,974, 872;71
53,338, 431.95

i o . § 7 . — N A T I O N A L - B A N K NOTES RECEIVED POR REDEMPTION PROM THE PRINCIPAL
CITIES AND OTHER PLACES EACH MONTH OP THE FISCAL Y E A R 1903, IN THOUSANDS
OF DOLLARS.

Month.

New
York.

Boston.

Philadelphia.

Baltimore.

Chicago.

Cincin- .St.
New . Other
n a t i . . Louis. O r l e a n s . p l a c e s .

1902—July:.
Aug..
Sept..
Oct--N o v -.
Dec.
1903—Jan . .
Feb.:
Mar..
Apr..
May-June -

$7,711
• 6,321
4,592
4,920
6,418
8,898
14,590
7,805
6,548
8,206
10,849
11.692

$1,608
1,398
1, 382
1.471
1.632
• 2,027
2,198
1,274
1,402
1,395
2,016
1,740

$1;200
1.036
1.036
1,072
1,108
1,410
1,188
°864
1,046
1,326
1,453
1,567

• $463
451
446
399
507
688
703
. 461
536
798
755
902

$1,534
1,576
1,313
1,491
1,375
1.569
2.045
1.138
1.542
1.727
1.792
1.637

$402
225
328
351
445
498
. 311
257
383
349
403
497

$648
494
460
447
240
896
• 913
501
1,105
1,093
1,211
1,303

Total-

98,550

19,543

14,306

7,009

18, 739

4,449

$312 ° $1,457
269
1,444
267
1,419
259
2,074
• 295
1,581
261
2,410
161
2,256
145
1,471
240
1,644
281
1,838
269
1,828
4171, 925

9,311

3,176

21.347

Total.
$15.335
13,214
11,243
12,484
13,601
18,557
24,365
13,916
14,446
17,013
20,576
21,680
196,430

N o . 8 8 . — R E D E M P T I O N S AND DELIVERIES OP NATIONAL-BANK NOTES EACH MONTH OP
THE FISCAL Y E A R 1903.

Month.

1902—July
August
. September
October November
December
1903—January
FebruaryMarch . . :
April . . . . - - May
June .-..-Total

Redemptions.

. On h a n d ,
D e l i v e r i e s o;i
e osi
a r g d to
r e d e m p t i o n a c - D Tp e a s tuerd .i n c hp e r ec e n t 5 On h a n d , u n r
y
assorted.
counts.
account. •

$15,532.698.17
$12,971,025.00 •
$16,995.00
$116,550.0012,632,428.70
10,833,030.00
13,903.00
, 86,750.00
11,759,869.10
11,787,590.00
9,437.00
206,200.00
12,209, 240.40
13,717,007.00
18,139.00 . 144,100.00
13,453,967.40
13,594,162. 50
6,873.00
174,402.50
18,370.402.50
15,261,147. 50
16,542. 50
170,500.00'
24.053.049.30
19,110,031.00
17,690.00
393,550.00
14. 514, 026.85
19, 717,532.50
13,544.00
395,400.00
14,631,940.25 - 20,587,583.00
•10,747.00
704.055.00
16,806,511.05
17.165,182.50
13, 719.00
397.700.00
20,698,305.86
18.984,925.00 •' 20,326.00
431,252.50
21,698,753.70 • 19,710,565. 50
16,891.00 ^. 626,240.00.
196,361,193.28




193,439.781.50

174.806.50

'•

$12,372,761.12
14,188.056.82
14,031,448. 92
12,567,643.32
12,390,272. 72
15,486,887.72
20,189,166.02
14.970.266.37
8.695,221.62
8,629,186.17
10,288,688.53
12.064.998.23

266
No.

REPORT ON T H E F I N A N C E S .
89.—TREDEEMED NATIONAL-BANK NOTES DELIVERED PROM THE TREASURY EACH
MONTH OP THE FISCAL Y E A R 1903.
For return to For destruction For destruction
b a n k s o f issue. a n d reissue. a n d r e t i r e m e n t .

Month.
1902—July
August
September
October
November
December . 1903—January
- February
March
April
May
June
Total

Total.

$4,442,470.00
$6,854,545.00
3,904,650.00
5,543,707.50
3,500,750.00
6,809,690.00
4,178,420.00
7,976,972.50
3,946,200.00
7,293,147.50
5,832, .500.00
7,523,542.50
7,395,170.00
9,349, 630.00
9,680,240.00
• 6,783,560.00
5,261,810.OG .12,244,525.00
10,105,687.50
4,745,350.00
10,606, 970.00
5,853,850.00
10,615, 608.00
6.718,700.00

$1,674,010.00
1,384,672.50
1,477,150.00
1,561,614.50
2,354,815.00
1.905.105.00
2,365,231.00
3,253,732.50
3,081,248.00
2.314.145.00
2.524,105.00
2,376,257.50

$12,971,025.00
10,833,030.00
11,787,590. 00
13,717,007.00
13,59.4,162. 50
15,261,147.50
19.110,031.00
19,717,532.50
20,587,583.00
17,165,182.50
18,984,925.00
19,710,565.50

104,'604,265.50

26,272,086.00

Balance.

193.439,781.50

62,563,430.00

$12 489 311 12
14,274,806.82
14,237. 648.92
12,711,743.'32
12,564,675.22
15,657,387.72
20,582,716.02
15,365, 666.37
9,399,276.62
9,026,886.17
10,719,941.03
12,691,238.23

N o . 9 0 . — N A T I O N A L - B A N K NOTES RECEIVED POR REDEMPTION PROM THE PRINCIPAL
CITIES AND OTHER PLACES, BY FISCAL YEARS, PROM 1890, IN THOUSANDS OF
DOLLARS.
Fiscal
year.

$29,100
30,393
30,845
36,341
62,790
51,936
58,051
65,312
51,804
. 46,610
52,707
81,263
86,749
98,550

1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903

No.

Boston.

P h i l a d e l - Baltiphia.
more.

$7,818
7,106
8,053
9,580
14,255
10,266
14,613
16,382
16,606
13,342
12,427
19,467
18,672
19,643

$4,640 $2. 013
4,381
1,613
5,053
2,070
5,402
1,808
6,094
1.092
6,099
952
7,601
2,068
8,348
1, 610
6,570
2,113
7,332
2,385
8,390
2, 633
9,097 - 4,747
10,788
6,635
14,306
7,009

Chicago.

CincinSt.
nati.
Louis.

Other
New
Orleans. p l a c e s .

$1,792
1,284
1,239
1,178
1,102
1,731
3,836
2.172
1,895
2,283
2,320
6, 308
12,847
9.311

$1,357 $16,924
1,038 15,536
1.010 14,367
852 13,448
464 12,844
.389
9,603
1.062 12,140
575 12,160
564 10,942
630 11,488
710 11,773
1,528 15,171
2,271 17,517
3.176 •21,347

$5,188 $1,425
4,615
1,495
5,050
1,938
4,998
2,238
4,130
2,560
4,028
1,705
5,778
3,112
5,431
1,584
5,153
1,465
5,050 1,718
4,804
1,218
8,562
1, 544
14.192
3,198
18, 739 4,449

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
171,869
196,430

9 1 . — R E S U L T OP THE COUNT OP" NATIONAL-BANK NOTES RECEIVED POR R E DEMPTION, BY FISCAL YEARS, PROM 1890.

Fiscal
year.
1890,
1891,
1892,
1893,
1894,
1895.
1896,
1897,
1898
1899,
1900
1901
1902-,
1903,

New
York.

Claimed by
owners.

'Overs.''

'Shojts.'

$70,242,489.45
67,475,113.15
69,625,086.73
.75,845,224. 51
105,099,227.89
86,940,748.64
108,260,978.05
ri3,226,181.47
97,459,282.47
90,838,301.01
96,982,607.88
147,486,577.93
171,512,752.90
196,786,126. 51

$8, 540.90
10,661.05
9,832.70
13,291.35
2,798.75
7,553.54
7,654. 71
5,423:79
10,383.40
16,615.50
8,092.25
19,903.52
7,269.23
29,339. 97

$4,954.55
43,819.00
10,784.50
7,910.50
6,816.83
2,062.90
7,582.70
3,841.50
11,957.50
15,911.20
11,685.80
20,620. 30
6,999.40
12,998.30




Referred and Counterfeit.
rejected.
$387,104.85
625,663.80
644,706.95
504,984.30
897, 992.05
575,708.51
352,355.27
626,331.70
352,846.95
681,108.05
750,902.15
340,635. 30
462.958.75
439,173. 50

Express
charges.

12,634.50
$313.75
2,800.00
241.70
2,529.60
256.31
3,002.00
334.50
2.472.50 ,9,218.55
1,580.50 13,226.95
2,069.50 15,598. 95
1,508.75
43.80
1,424.50
76.20
1,227.00
121.80
1,706.00
124.70
1,432.00
143. 95
1,754.00
174.62
1,901.00
200.40

Net proceeds
$09,856 022.70
66,813: 249.70
68,976,642.07
75.342,284.56
104,185,526.71
86,355.723.22
107.891.026. 34
112,599,879:51
97,103,360.72
90.156,548.46
96,226,281.48
147,143,649.90
171,048,135.36
196,361,193.28

267

T'REASURER.
No.

9 2 . — D I S P O S I T I O N M A D E O P T H E N O T E S R E D E E M E D AT T H E N A T I O N A L - B A N K
R E D E M P T I O N A G E N C Y , B Y F I S C A L Y E A R S , P R O M 1890.'

D e l i v e r e d to t h e C o m p t r o l l e r of
the Currency.
R e t u r n e d to
b a n k s of issue. F o r d e s t r u c t i o n F o r d e s t r u c t i o n
a n d reissue.
and retirement.

Fiscal year.

1890
1891
1892
1893
1894
1895
1896
1897 ----- . 1898
1899
1900..
1901
1902
1903

No.

•

.---.

$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
57,303,520
62,563,430

$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
.89.646,745.00
104.604.265.50

$33,633,889.00
25,329, 027.50
16,2.32,7-21.00
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
18,626,437.50
20,085.274.50
26,272,086.00

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
71,155.00
84,,926.00
111,699.00
122,883.13
148,477.00
174,806.50

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
4,731,248.16
3 790 578 38
3,209,447.84
6,787,132.32
6,080,514.09
9,944,632.95
12,691,238.23

9 3 . — M O D E O P P A Y M E N T F O R N O T E S R E D E E M E D AT T H E N A T I O N A L - B A N K
R E D E M P T I O N A G E N C Y , B Y F I S C A L Y E A R S , P R O M 1890.

Fiscal year.

Transfer
checks.

C r e d i t i n genUnited States
Silver coin. e r a l a c c o u n t .
currency.

$30,271, 993.55 $24,732. 324.05
33,204, 177.04 21,276, 332.60
402.79 28,221, 963.95
28, 643,
32,803, 085.28 30,369, 565.70
60,028, 085.33 31,883, 131.15
40,374, 030.32 31,625, 706.66
48,774, 713.30 29,331, 636.61
65,567, 032.90 36,526, 208.00
42,186, 863. S6 39,921, 232.75
24,730, 838.15 49,339, 819.20
28,433, 009.35 55,877, 983.30
65,935, 811.50 58,986, 976.54
61,870, 406.50 74,811, 828.26
63,546, 511.10 95,919, 863.47

1890
1891
1892
1893
1894
. 1895
1896
1897
1898
1899
1900
1901
1902
1903

$166,361.50 $14,025, 166.30
164,807. 30 11,582, 031.00
123,426.55 11,343, 243.03
61,044.20 11,340, 885.51
26,647.65 11,387. 038.41
61,236.65 13,604, 654.93
82.669.45 28,893, 499.85
• 57,208.70 19,084, 125.58
83,747.40 13,733, 920. 92
84,399.50 14,984, 970.20
78,301.35 11,380, 978.28
41.954.90 21,508, 997.10
46,770.80 33.603. 045.00
47,084.45 36.178, 517.50

Credit in
redemption
account.
$660,177.30
585,901.76
644,606.75
767.703.87
860,624.17
690.094.66
808,507.13
1,366,304.33
1,177,595.79
1,016,521.41
456,009.20
669,909.86
716,084.80
669,216.76

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, 79.51
97,103. 360.72
90,156, 548.46
96,226, 281.48
1.47,143, 649.90
171,048, 135.36
196,361, 193.28

N o . 9 4 . — D E P O S I T S , R E D E M P T I O N S , ASSESSMENTS POR E X P E N S E S , AND TRANSFERS AND
R E P A Y M E N T S ON ACCOUNT O P T H E F I V E F E R C E N T R E D E M P T I O N F U N D O P N A T I O N A L
B A N K S , BY F I S C A L Y E A R S , P R O M 1890.

FiJscal y e a r .

1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
3901
3902
1903

•

....

..-

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
91,665,065.77
107,249,316.44
83,511,779.36
75,885,139.10
78,354,882.88
131, 535,726.84
148,687,860. 75
169,468,351.28




Redemptions.
$35,890.235.00
40,199,345.00
52,896,016.00
67,612,683.60
90,957, 212.50
74,907,472.60
90,967,816.00
106,608,977. 50
81,817,265.50
73,982,227.50
74,-872,477.50
128,928,835.00
147,010,875.00
167,643,585.50

Assessments.
$129,207.10
107,719.52
99,014.21
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
. 153,334.03
156,409. 72

Transfers a n d
repayments.

Balance.

$504,386.92 $5,320.316.88
432.679.69
4,471.937.39
220,172.90
5,697.275.57
179,507.56 • 5.697.247.10
765,070.86
6,344,890. 65
510.917.34
7,349,343.80
273,425.83
7,573,009.46
671,838. 92
7,426,695.16
924.597.79
8,070,639.74
8.801,652.90
1,041,481.13
1.021.916.07 11.140,721.93
723.459.79 12,903, 609.70
1,622.486.52 12.802.774.90
1,176,007.51 13.285,123.45

•268

REPORT

ON

THE

FINANCES.

N o . 9 5 . — D E P O S I T S , R E D E M P T I O N S , A N D T R A N S F E R S A N D R E P A Y M E N T S , ON A C C O U N T
OP N A T I O N A L B A N K S F A I L E D , I N L I Q U I D A T I O N , A N D REIDUCING CIRCULATION, BY
F I S C A L Y I E A R S , P R O M 1890.

Fiscal year."

Deposits.

Rederaptions. Transfers and
repayments.

•Balance.

FAILED.

1890
1891
1892
.:
1893
1894
1895
1896
;
3897
1898
•....--.
1899
1.900....
1901
1902....:
1903

25,020.00
1,810.00
. 450.00
56,230.00
6,352.00
30.00
381.00
100.00

$762, 243.50
813,-780.00
754, 384.00
1,031,393.50
1,466,760.50
987, 010.00
789, 007.00
1,359,611.50
1,223,652.50
1,527,733.00
2,108, 551.50
1,693; 140.50
1,667, 070;50
1,552.709.00

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
28,121.50
20,048.00

33,211, 313. 25
26,562, 207.26
21,647, 900.75
18,383, 343.25
17,533, 614.00
16,870, 655.00
15-, 782,
043.50
15,065, 07L 50
15,946, 466.00 .
17,488, 529.60
16,716, 845.50
15,891, 038.00
19,017; 284.00
22,197 507.00

$126,410.00
410.815.00
306.310.50
857.409.50
1,607,768.00
274,293.50
613,180.50.
1,610,952.50
563,831.00
908,422.00
1,275,002.00
266,171.00
704,616.00
492,798. 00

1,306,313.00
1, 682,
370.00
1,364,448.60
1,435,160.50
3,065,486.50
2,696,457. 50
1,853,255.00
2,174,129.60
3,396,659.50
4, 669,
753.00
2,501,184.00
2,529,815.00
7,609,494.50
•9.536,387.50

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. 60
2.808, 411. 50
2,502, 099.00
3,088, 015.00
3.207, 666.00
3.341, 847.50
4,455, 127.00
6,336,116. 60

10.217,387.00
8.049,130.00
1,489,448.00
826, 929.50
12,144,227.60
9,346,995.50
3,659,307.00
12,324,430.00
18,800 530.00
18,121 441.00
14,626.460.00
10.861 289.00
25,232,209.50
17,181,070.00

•....

$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
548,111. 50
687,831.50
681,552.00
730,305.00
. 607,059.50

22,021, 661.50
16.638, 873.00
9,691,686.00
3,786,678.50
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
14,899, 842.50
19,328, 910.00

. 438,
258.00
o 413,655.00
78, 963.60
152, 864.50
. 136,163.00
127, 600.50
• 62;001.00
476, 042.00
722, 434.50
1,630, 201.60
1,090, 802.00
760, 601.50
764, 883.00
2,936, 682.50

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
21,387, 615.00
16,303, 092.50.

11,650,no. 00
10,142,316.00
3,160,207.00
3,119,499.50
16,817,482.00
12,217,746.60
6,125,742.50
16,009,512.00
22,760,920.50
23,699,616.00
18,402,646.00
13,657,275.00
33,646,320.00
27,210,256.50

33,633. 889.00
25.329, 027. 60
16,232, 721.00
9,037, 651.50
10,929, 535.75
13,068, 369.00
11,223. 150.00
11,092, 356.50
15,990, 460.00
16,649, 275.50
17,909, 793.00
18,626, 437.50
20,085, 274.50
26,272, 086.00

447, 998.00
414, 255.00
182, 369.00
181, 919.50
179, 698.50
161, 574. 00
• 160,059.00
560, 642.00
735, 950.50
1,726, 106.00
1,162, 356.00
114; 406.50
793, 385.60
2,956, 830.50

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
24.468, 637.00
30,
147.00
35; 8I7;
,'381.50
35,147, 878.50
29,404,309.50
42,071,969.50
40,053,
.50

$36,930.00

IN LIQUIDATION.

1890
1891
1892
•
.
1893
1894
1895...1896
1897
•.....
1898
'1899
1900
1901
1902
1903

:
:

:

REDUCING C I R C U L A T I O N
1890
1891
1892
3.893.=
1894.
1895
1896
1897....
1898
1899
1900
1901...:
1902
1903
AGGREGATE.
1890....
1891.
1892
1893
1894
1895
1896
1897
1898
1899....
"1900
1901
1902...
1903

,
.
^
>
.
:
•

,
:..

.




...,
•

269

TREASURER.
No. 96.-- E X P E N S E S

INCURREID

IN

THE

REDEMPTION

OP N A T I O N A L - B A N K

NOTES,

BY

FISCAL YEARS, PROM 1890.
•

C h a r g e s for
transportation.

Fiscal year.

1890
1891
1892
1893
3 894
1895
3896
1897
1898 .
1899
3900
1903
1902
1903

-

.'

••

. -'
!-

Stationery,
printing, and Contingent
expenses.
binding.

Salaries.

$19,862.65
18,536.54
19,305.54
23,23L70
24,271.41
21,035.82
32,518.93
44,518.50
34,337.%
30,725.56
31,767.33
55,549. 75
59,957. 96
• 67,998.88

•

$83,841.30
$3,157.53
78,989.85
• 1,671.00
77,131.13
3,553.54
77,840.12
1, 700. 21
77,790.01 .
4,227.71
76,411. 97
• 2.173.41
77, 766.54, .
2,825.97
: 77.977.62
2,615. 92
. 87,183.64
3,387.11
87,161.01
1,966.34
86,986. 30
3,561.94
2,859.25
• 87,056.10
4,621.51
87,425.25
. 99,802.67
• 4,693.88

$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
1,791.61
1,982.19

Total.

R a t e of
expense per
$1,000.

$107,843.39.
$1.5616
1 52757
99,366.52
100,593.70 . • 1.46339
103,032; 96
1.35518
107,445.14
1.06599
100,352.79
1.15
114,085.63
1.125
125,061.73
1.0701
125,924.36
1.29646
121,291.40
1.34611
122,984:76
1.33558
146,236.18
. 9956 153,796.33
. 92444
174.477. 62
- .90262

N o . 9 7 , — G E N E R A L CASH ACCOUNT OP THE NATIONAL-BANK REDEMPTION AGENCY FOR
T H E IFISCAL Y E A R

1903

A N D PROM

JULY

1, 1 8 7 4 .

.

'

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 .
U n b r o k e n p a c k a g e s from p r e v i o u s y e a r
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 l e d e m p t i o n
' Overs "
Total

.•
:...

No.

.^

1,248.884,296.00
2.044,086,256.60
134,881,132.18
. .17.703.983.06
84,989.83
84,398.60
130,297. 27
350,756.87
12,691,238.23
3,458,897,348.64

9 8 . — A S S E T S AND LIAIJILITIES OP TPIE F I V E PER CENT REDEMPTION FUND OP
NATIONAL BANKS AT THE I^ND OP EACH MONTH, PROM, JANUARY, 1890.
Assets.
Month.

1890—January . . .
.
February..
March
. April
. May
-..
June
:
:July
August
September.
October
November.
December .
• 1891—January . . .
February..
March
April
May
June.
-

563.430.00
876,361.50
174,806. 50
436,244.20
200.40
1,901.00
2, 929.30
12,998.30
12; 691,238.23

: -

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 b a n k s of is.sue..°
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 to 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 i n Treasury
.".
Packages referred a n d moneys'returned
Express charges deducted . ; . . . ,
'...
Counterfeit notes returned
Uncurrent notes returned or discounted
;
,
'' S h o r t s "
Q.'
-.;
C a s h b a l a n c e J u n e 30,1903
Total . . .

3,458,897.348.64

206,760,090.43

..:..
.'

$3,458,491,193.30
406,155.34

206,760,099.43

---....

$9,944,632.95
356,505.20
196,429,621.31
29,339.97

Liabilities.

On d e p o s i t N a t i o n al- E x p e n s e s
in
b a n k notes
paid.
Treasury.
on h a n d

$1,052,7.18
1,703,932
1, 644,734
1,165,590
1,173,931
938, 907
625,237
763,746
1,894,510
2,028,288
2,118,241
171,049
1,690,598
1,551.728




$6.029,508
4,197,153
3,834,208
3,806,834
'4.128,493
.4,203,262
4,713,320
4i.935,522
4,505,712
• 3,549,663
3,285,337
3,277,840
6,181,625
4,845,746
3,302,465
3,953,555
6,003,448
5,542,271

Total.

To n a t i o n a l
b'anks.

To
On o t h e r
Treasury. accounts.

$21,221
$6,050,729
$5,051,510
$866,115
21,221
5,271,092 . 5,135,718
21,221
5.559,361
6,459,370
42.190
5,493,758
6,422,628
42,190
6,336,273 - 6,245, 967
42,190
5,419,383
5,320,317
63,020
5,715,247
5,653,702
• 63,020 •5,623,779 ; 5.543,974
83,841
5,353,299
5;244,089
83,841
5,528,014
6,479,044
107,843
5,421,468
5,372,208
5.396,081'
6,328,6876,201,364
19,739
4,724,349
1,276,439
6,036,534
19.739
4,874,565
5,012,802
19.739
4,887,172
5,525,022
19,739
5,432, 273
5,042,984
39,536
4,497,975
392,139
6, 601,483
59,212
4,471,937
868,974

$133,'104135,374
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
260,672

270
No.

REFORT ON T H E FINANCES.
9 8 . — A S S E T S AND LIABILITIES OP THE F I V E P E R CENT REDEMPTION FUND OP
NATIONAL BANKS, ETC.—Continued!
•Liabilities.
On deposit] National
in
bank notes Expenses
paid.
Treasury
on hand

1891—July
,
August
September.
October . . .
November.
December.
1892—January . . .
Februa'ry..
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.,
Deceniber .,
1896—January
February...
•March
April
•,
May
June
,
July..
i
August
September.,
October
November..
December..
1897—January
February...
March
April
May
June
July
August
September..
October
November..
December..
FRASER

$78,716
655,846
1,178,753
877,347
1,956,080
1,621.397
481,676
623,913

10,386
383,217
2,069,709
802,224
300,926
1,948,881
3,358,476
4,327,277
511,390

523,879
2,487,080
2.467,236
2,522,309
2,673,835
3,294,662
2,593,619
616,591
2,248,754
2,864,740
2,653,891
2,789,453
3,214,277
2.188,940
1,003,502
2.025,271
1,949,265
1,787,810
721,140
1,274,249
699,146

882,801
2,853.650
2,878,859
3,863,257
6,111, 268
4,055,894
3,606,493
3,144,861

Digitized for


$5,801,651
6,649,700
5,589,043
5,595,200
4,673,987
4,650,533
5,833,636
4,687,590
3,802,554
4,292,481
4,952,287
5,232,044
5,786,149
6,503.472
7,526,222
6,968,821
5,695,211
5,899,697
7,693,744
5,437,804
3,692,628
4,945,410
5,119,181
3,858,371
3,512,581
2,991,630
7,561,305
31,268,335
12,634,770
12,112,475
14,288,804
12.469.240
10,565,388
8,436,696
7,089,222
6.132.120
4,548,448
5,296,814
4,867,050
~4,816,021
3,955,321
4,556,187
6,105,143
5,004,609
.4,103,436
4.609,610
4,661,091
4,203,973
5.259.121
7,257.996
5.530,709
6,114.490
5,858,829
6,618,573
9,955,683
7.993,630
6,515,076
7,114,472
9,445,926
9,967,391
11,613,348
13,376,890
12,519,928
12,586,958
12,515,246
13,735, 345
16,906,136
14,768,457
il,074,148
8,292,970
6,717,977
4,731,248
5,344,284
4,193,979
3,550,102
4.553.876
4,396.757
4,767,824

$59,212
78,989
78,989
78,989
99,366

Total.

$5,860,863
6,728,689
6,746,748
6,674,189
6,429,199
6,729,286
19,171
5,852,807
19,171
5,584,108
19,171
5;777,805
19,171
6,933,049
38,506
6,472,468
38,506
5,894,463
38,506
6,824,656
38,506
6,541.978
77,131
7.603.353
77,131
7.045,952
77,131
6,772,342
5,910,083
200
7.593,944
200
6.821.221
365
5.762,602
365
6.747,999
6,468,988
38,881
5;846,133
38,881
6,729,504
58,447
7.377.354
58,447
8,131.142
58,447
77,840
11,336.175
77,840
12,712,610
19,400
12.131.875
. 19,400 14.308.204
19,400
12.488,640
38,810
10,604,198
38,810
8,475,506
58,286
7,3.47,507
58,285
6,714,284
58,285
7,093,813
77,790
7,841,840
77,790
7,467,149
77,790
7,567,646
107,445
7,357,428
7,149,806
6,721,734
7,253,363
6,968,176
7,263,501
7,60S,122
57,578
57,578
7,476,828
57,578
7,505,639
76,412
8,335,910
76,412
7,632,392
76,412
8,140,167
100,353
7,746,992
7,339,713
9,955,683
7,993,630
7,789,325
7,813,638
58,307
9,604,233
68,307 10,025,698
58,307
11,671,655
58,307
13,436,197
77,767
12,597,695
77,767
12,664,725
114,086
12,629,332
19,269
13.754,614
19,269
16;925,405
38,818
14,807,275
38,818
11,112,966
58,398
8,351,368
58,398
7,659,1.76
58,398
7,643,296
58,398
8,281,541
77,978
8,135,214
77,978
8,739,348
125,062
8,734,832
146,635
8,149,885
21,673
7,934,258

To national
banks.
$5,030,539
5,847,401
•5,610,854
5,527,753
5,189,961
5,627,105
5,221^ 208
5,376,084
5,604.158
5.824,178
5,311,306
6,697,275
5,569,987
6,332,418
6,933,649
5,910,346
5,-440,473
5,586, 966
4,956,774
• 5,551,309
5,470,555
' 5,436,366
5,076.930
5,597,247
6.549,612
7,121,743
7,865,336
5,978,021
5,437,663
6,234,853
6,639,628
6,152,872
6,401,088
6,194,783
6,373,428
6.344,890
6,774,123
7,671,862
7,250,860
7,424,640
7.186,644
7,072.499
6,596,132
7,176,074
6,853,373'
7,132,388
7.390,592
7,349,344
7.361,287
8,208.122
7.625.303
8.017.476
7,598,512
7.168,186
6,472,790
7,027.642
7.674,057
7.624.680
7,772,917
7.573,009
7,412,349
8,891,426
8,957,215
8,477,211
8,229,757
8,243,966
7.662,497
8,317,951
7,847,745
7,488,770
7,355,400
7,426,695
8,338,040
8,036,001
8,665,921
8,664,277
8,074,901
7,843,105

On other
To
Treasury. accounts.
$666, 603
743,193

385,890

21,756
232,704
1,446,572
925.430
48,729
2,124,585

4,452,354
6,492;488
5,456.464
8,192;701
6,000,861
3,836,135
1,854,885
350,816

3,132,390
737,114
1,535,054
2,171,135
3,976,873
4.328,287
3,532,559
4,003,115
4,240,025
5,327,581
8,919,868
6,324,446
3,019,063
586,258

271

TEEASUKEB.
No.

9 8 . — A S S E T S AND LIABILITIES OP THE F I V E PER CENT REDEMPTION FUND OP

NATIONAL BANKS, ETC.—Continued.

Liabilities.
Month.

On deposit National- Expenses
in
banknotes
paid.
Treasury. on hand.

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

$1,287.522 $5,866,096
$21,573
4.595.297
3,185,821
43,374
5.510,375
2,573,372
43,374
2, 562,457
65,279
. 5,954,804
2,902,367
65,279
5,619, 576
3.790,578
66,279
4,267,148
4, 219,482
65,279
3, 611,062
3,854,448
65,279
4.567,648
3,399,267
87,183
5,106,837
4,238,603
125,924
4,495,717
4,356,399
125,924
4,528,562
4.768.321
4,379,543
5.358,206
3,068,424
3,536,931
5, 290,371
43,474
2,683,736
6,482.694
43,474
3,535, 111
5,570,067
43,474
3.735,326
5,121,444
65,104
3,209,448
5,562,709
65,104
3,325,683
5,436,576
87,161
3,359,428
5,877,604
121,291
3,201,904
5,487,739
121,291
3,538,616
5.516,678
121,291
3,649,898
5,583,546
21,673
3,962, 662
5,165,012
217673
5,962,542
2,285,807
43,559
3,597,002
5,018,411
43,559
3,472,041
6,749,164
43,559
4,810,041
5,538,933
65,212
5,898,037
4,658..756
65.212
6,787,132
4,569,496
65, 212
7,770,524
4,134,458
65,212
8,832,912
3,864,903
122,985
8,138.809
3,863,011
122,985
5.702,442
7,041.268
122,985
4,726,545
7, 779,284
144,390
6,386,739
7,212,273
21,406
1,255,464 11, 076, 686
43,187
3,841,112
43,187
8,998,719
5,842,220
43,187
7, 353,487
7,873,009
5,737.228
43.187
7,052,920
6,095,612
65,094
6,864,567
6,080, 514
65,094
6,658,195
6,758.270
65,094
"5,176, 027
8,890.223
146,236
4,992,713
8,618,819
146; 236
6,232,614
7,292,216
168,167
7,289,890
7,179,957
168,167
5,597,896
8,416,498
21,931
289,944 12,003,464 • 21.931
1,474,596 10,524, 704
43,611
3,651,913
43,611
8,568,823
3,517, 363
43,611
8,527,067
3, 903,074 •8,294,406
43,611
2,990,739
43;611
9,944,633
990.220 12,489,311
43,611
87,425
14,274,807
87,425
14,237.649
153,796
1.561.008 12,711,743
130,098
1.321.366 12,564,675
23,567
15,657,388
23,567
20, 582, 716
15,365,667
47.188
9.399, 277
2.458. 712
47,188
9,026,886
4.469,800
47,188
3,148, 704 10,719,941
73,100
1,177,486 12, 691,238
71,100
15,174,396
71,100
18,315, 984
96,803
15,214,873
96,803

- August
° September.,
October
November..
December..
1901—-January
• February...
March
April
May
June
July
,
August
September .
October
November.
December .
1902—January
February..
March
,
April
May
June
July
August
September.,
October
November.,
December..
1903—January
February..
March
,
April
May
June
July
August . . . .
September.




TotaL

To national
On other
To
Treasury. accounts.
banks.

$7,175,191
$6,994,
7,824,492
7,734,
8,127,121
8,090,
8,582,540
8,549,
8,587, 222
8.546,
8,123.005
S; 070,
7,895,823
7,838,
8,487,375
8,416.
.8,593,287
8,530,
8,860,144
8,775,
9,010,885
8.942,
9,147,864
9; 065,
8,426,630
8,306,
8,870,776
8,812,
9,209, 904
9.152,
.9,148,652
9,120,
8,921,874
8,885,
8,837, 261
8,801,
8,849,420
8,814,
9,358.333
9, 331
8,810,934
8,761,
9,176,585
9,133,
9,255,117 • 9; 220,
9,149,347
9,104
8,291.908
8.153,
8,658,972
8,560,
10,264,764
10,211,
10,414,186
10,302
10, 622.005 10,333,
11,421.840
11,140,
31,970,194
11,760,
12,820,800
12,687.
12,124.805
11. '911,
32,866,695
12.726,
12,650,219
12,563,
13,620,418
13,541,
12,375,337
12.180,
12,883,018
12.712;
13,238,894
13,090,
13,653,424
13,546,
13,213,626
13,112,
13,010,175
12,90i;
13,481,559
13,367!
14,212,486
13.957;
13,757,768
13,631,
13,692,997
13,536,
14,638,014
14,507,
14,-036,325
13,913,
12,333,339
12,110,
12,042,911
11,663,
12,264,347
12.021,
12,088,041
11,829,
12,241, 091 11,997,
12,978,983
12,802,
13,523,142
13.380,
34,362,232
13, 939,
14,325,074
12,358,
14,426,647
14,251,
14,016,1.39
3.3,810,
15,680, 955 3.3,988,
20,606,283
12,436,
15,412.855
31,773,
11, 905,177 11,174,
13,118,
13,543,874
13,480,
33,939,745
13, 285,
13,939,824
12.908,
15,245,496
15.946,
18,412,787
13.566,
15,311,676

$306, 655
1,730,143
1,497,180
7, 750,966
3,217, 900

1,686,770
1,932,177
899,431

$180,361
90,068 •
36,602
33,536
40,658
52,365
.57,795
71,242
62,922
84,799
68,580
81,991
120,022
58,318
57, 209
28,302
36,520
35,608
34,741
26,383
49,904
42,985
34,280
44,610
138,186
98,597
62,946
113,249
288,136
281,13.8
209,239
133,108
213,359
140,497
87,210
78,608
195,229
170,690
148,345
• 107,366
101,051
3.08,565
114,533
254,808
125, 799
157,135•
130,099
122,399
202,935
379,147
243,035
258,872
243,237
176,209
142,901
116,23.8
236,396
174,829
205,481
195,186
418,606
421,561
730,377
425,146
458,-988
654,701
650,292
533,856
846,269

272
No.

R E P O R T ON THE
99.—NATIONAL-BANK

NOTES

MONTHLY

Month.
1890—January
Pebruary.....
March
:..
April
.'.
May
June
July
"August
September
October
November
December....
1891—Jan u a r y
February
March
April
May
June
July
•...
August
\..
September
October
November
Decemb.er —
1892—January
February
March
April.
M a y ..,.
June
July
August
September
October
...
Novem ber
December
1893—January
February
March
April..
...
May"

Jurie

July.....
August
Septc-'niber
October
:..
. November..-.'
December .--:
1894—January":
February..'...
March
April
May
;.
June...
July
, August
September
October.......
November
December
1895—January
:
February
'.
Marcli
April
May
Jurie
July
. August
September
October
November.
December . . . .
1896—January . . . . . .
February
March
April
May
Jurie
July
August
September
Octo
for FRASERb e r
November

OUTSTANDING

REDEMPTIONS,

Outstanding,

Redemptions. •

$194, 447,219
192, 000,463
190; 274.602
189: 264,900
187 361,523
748,590
. 185,
1S4, 253,868
183, 134,753
181 602,915
179 63.0,433
178, 329, on
177 088,171
175, 303,549
173, 423,024
171 535,064
170, 227,646
168, 850,839
167! 577.214
168: 166,939
; 171,
134,309
171: 785,146
172, 184,558
172, 993, 607
173; 078,585
173, 205,496
172, 621,875
172, 529,451
172, 476,575
172, 499,349
172 683.850
172 527;713
. 172,
656,429
172: 786,760
172; 432.146
173, 614,870
..174 404.424
174 391,253
, 175;
422,388
176 .094,544
176, 856, 614
177 164,254
178, 713,872
183, 755.147
198, 980,368
208, 690;679
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: 363,244
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; 73.9,850
211 478,716
211 691,035
• 211 372,045
212, 339,200
212, 851,934
213, 887,630
213, 960,598
213: 716,973
213: 496,547
217, 181,917
221 316,027
224 189,337
225: 287,935
226: 000;547
226, 030,042
229: 613,896
233: 639,357
234: 984,444
235: 398,8.90

$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
• 4,711,836
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
5,276,665
5,639,755
6,357.399
6,323,849
6.191,046
5,352,812
5.296.038
5,218,960
5,471,649
. 6,969,662
9,731,986
5,864.411
5.524.568
6,991,571
• 8,150,482
5.082.039
3,877,423
2,699,855
7,275,730
12,505,692
13,774,976
9,839,329
13,176,204
7,422-. 351
8.118.107
8.360,025
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, o n
8,132,4458,700,735
7,432,008
8,332,851
7,027,790
5,702,340
7,252,879
• 7,750,398
9,685,659
13,974,586
8,316,189
7,894,397
9,227,331
31,801,075
11,295,483
12,051,832
7,833,890
5,387,077
7,773,491
9,351,409

Digitized


FINANCES.

PROM

AT

THE

END

JANUARY,

OP

Month.

July
August
September
October
November
December
1903—January
February
March
April..:
• May.....
June .
July
A.ugust
Septem'ber

MONTJT,

outstanding.!

AND

K^f^^-^P"

;,
$235.663 118 $12,583, 899
235-, 094 662 13,765,
,173
234,236 327
7,243,
1,972
7,344, 396
.,
233,795 141
° 232,887 984
1,136
8,573,
10,722,
1,337
231,875 841.
,162
231,441 686
10,943,
230,-^844 256
,308
10,381,
7,235,
230,593 674
•,581
230,-278 970
6,648, 031
i,
230,132 275
7,987,
,243
229,634 217
8,313,
1,654 •
229,014 641 10, 395, 345 •
.,
226,529 216 12,404,
1,809
,587
224,831 072.
7,333,
6,724, 345
224,481 870
:,
5,441, 202
226,113 751
.,
227,696 370
5,645,
,717
227, 900 177
1,865
8,600,
9,387,
,739
226,780 065
7.404,
227.261 650
t,534
6,260, 269
',
235,439 985
7,562, 258
239,629 136
;,
8,187,
242,784 803,373
9, 350,
243,817 870
1,470
10,531,
,694
243,324 226
242,985 082 , 6,430,
1,217
5,718,
;,848.
243,134 892
5,856,857„„
s
242,796 708
7,289,
242,146 789
1,210
6,858,
1,832
241,350 871
6,154, 652
241,624 053
.,
5,592,
242,153 897
!,341
.5,344, 072
243,372 223,
,119
243,066 624 • 6,217,
243,842 068
'P
6,24bo 8 1 8 .
7,275, 445 .
s
246,277 223
12,196,, 432 .
>
247,068 743
7,367,
,144
249,516 228
271,034 337 • 7,133,
;,696
8, 358,
1,204
285,359 366
12,054,
300,569 758
:,085
- 309,640 443 13,043,
1,599
13,665, 718
• 320,095 891
,
13,072,
324,304 325
1,084.
8,677, 348
,
328,416 428
8,443,
i,068
331, 693 412
9,567,
332,292 300
,51.0
340,141 174 10,511,
,185
3.9,482,
346,821 871
,754
32,799,
,120"
348,655 255
350,101 405 12,358,
1,659
11,305,
350,764 257
.,800
351,582 590 14,188,
;,094
13,415, 238
353,742 187
.,
13,378, 875
356,152 903
i,
14,336,
357,419 155
i,bl2
8,792,
358,830 548
:,245
11,384, 984
359,911 683
,
359,720 711 11,087, 009
•,
13,351, 267
360,289 726
,
20,863,
,764
359,444 615
14, 999, 349
358,434 867
',
14,610,
357,476 407
1,899
^
356,987 399
35,450, 660
,753
356,747 184 17,243,
16,369,
1,881
356,672 091
;,968
358,984 184 15,334,
',
: . 361,282 691 13,213, 682
:,
'. 366,993 598 11,242, 551
,910
380,476 334 12,483,
384,854 514 13;600,790
384,929 784 18,557, 201
,960
24,364,
383,973 546
.,
382,798 845 13,916, 434
^393
382,519 258 14,;446,
!,
391,151 728 17,012, 685
',357
20,576,
406,443 205
1,690
. . . . . . . 413,670 650 21,679,
;,
417,346 487 22,953, 412 '
1,085
418,587 975 18.856,
1,510 •
420,426 535
16.830,

1896—December
..
1897—January
February
March
o April
Ma.y
June
-.
July.
August
September
October
'..
November
December
1898—January
February
March
April
.May:....
J u n e ....'
July....August
September
O.ctober
.—
November......
December . . . . . .
,1899—January
February...—
March
April
,
.May....:
June..:
July....^
August....
:
September
October
November
December
1900—January
February
. -.
March
. April
May
'June
Jnly
August
.-—
September
October
November.,
December
1901—January
February..."-...
March
" April
May
June
July
August:."
September...:..
October
November
December
1902—January
February
March
^....
April
t...
May
,

Jurie .:

EACH

1890.

273

TREASURER.
No.

1 0 0 . — A V E R A G E AMOUNTS OP N A T I O N A L - B A N K NOTES REDEEM/VBLE AND AMOUNTS
R E D E E M E D , B Y F I S C A L Y E A R S , P R O M 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.

No.

Average
redeemable.

Redeemed,
fit for u s e .

Redeemed,
u n f i t for u s e .

. $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
35,966,721
43,179,711

1890
3893
1892
1893
1894
•1895
1896
1897
1898
3899
1900
3901
1902
1903

Redeemed.
$33,633,889
25,329, 027
16,232,721
9,037,651
10,929,536
13,068,369
11,223,150
11,092,355
15,990,460
16,649,275
17,909,793
18,626,4.37
20,085,275
•26,272,086

$129,. 194,340
126;118,369
139,561,426
151,047, 380
1.81,517,646
180,140,091
194,529,242
211,375,241
198,491,851
207,264,424
223,869,280
308,625,545
322,207,220
339,993,484

$12,690,880
12,543,220
16,676, 700
24,166,150
39,893,840
35,065,620
46,946,190
37,659,960
27,124,260
23,472,650
25,620, 660
57,668,716
57,303,620
62,663,430

$23,275,005
27,494,445
36,282,335
43,394,418
50,944,080
40,094,540
43,866,375
69,014,688
54,858,166
50,630,828
49,006,445
71,432,232
89.646,745
104,604,266

•

Total
redeemed.
$36,865,885
40,037,666
62,959,035
67,560,568
90,837, 920
75,150,160
90,812,565
106,674,648
81,982,416
74,003,478
74,627,105
129 300 947
146,950,265
167.167.696

1 0 1 . — N A T I O N A L - B A N K NOTES OUTSTANDING, BY M O N T H S , FOR T H E FISCAL Y E A R S
1902 AND 1903, AND THE AMOUNT AND P E R C E N T OP INCREASE IN 1903.

Fiscal year.

Increase in 1903.

Period.
1902.
July
August
September
October...
November
December.
January...
February..
March......
April
May
June

$356.152,903
357,419,155
358,830,548
359,911,683
359,720,711
360,289.726
359,444,616
358,434,867
357,476.407
356,987,399
356,747,184
356,672.091

1903.

Amount.

$358,984,184
$2,831.281
361, 282, 691
3,863,536
366,993,598
8.163,050
380,476,334 . 20,564,661
384,854,514
25,133,803
384,929,784
24,640,058
383,973,546
24,528,931
382,798,845
24,363, 978
382,519,268
25,042,851
391,151,728
34,164,329
406,443,205
49,696,021
413,670,650
66,998,559

Percent,
0.79
1.08
2.27
6.71
6.99
6.84
6.82
6.80
7.01
9.57
13.93
15.98

No.
1 0 2 . — N A T I O N A L - B A N K N O T E S P R E S E N T E D POR- R E D E M P T I O N , - B Y M O N T H S , FO*R
THE F I S C A L Y E A R S 1902 A N D 1903, A N D T H E A M O U N T A N D P E R C E N T O P I N C R E A S E
IN 1903.
.
,

Fiscal year.

Increase in 1903.

•Period.
1902.

Amount.

$13,378,875
$15,334,968
14,336,572
3.3,213,682
8, 792,245 . 11,242,551
11,384,984 ^ 12,483,910
13.600, 790
11,087,009
18,557,201
13,351,267
24,364,960
20.863,764
13,916,434
14,999,349
14,446, 393
14,610,899
17,012,685
15,460, 660
20,576,357
17,243,753
21,679,690
16,369,881

Total

-18




$1,956,093
Decrease.
2,450, 306
1,098,926
2,513,781
6,205,934
3,501,196
Decrease.
Decrease.
1,562,025
3,332,604
5,309,809

171,869,-258'

July..:^...
August
September
October...
November
December,
.lanuary...
February .
March
April
May
June

FI 1903-

1903.

24,560,363

196,429,621

Percent,

27.87
9.65
22.67
38.99
16.78
10.11
19.33
32.44

274
No.

REPORT ON T H E F I N A N C E S .
1 0 3 . — P E R C E N T A G E OP OUTSTANDING N A T I O N A L - B A N K NOTES R E D E E M E D
A S S O R T E D E A C H F I S C A L Y E A R PROM 1893, B Y G E O G R A P H I C A L D I V I S I O N S .

Division.
Maine
Nevv Hampshire.
Vermont
Massachusetts...
Rhode Island
Connecticut
NewEngland
NewYork
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia...
Eastern.

1898.

1899.

1900.

49.13
52. 64
61.48
58.76
60.54
61.17

48.43
51.71
66.20
56.87
54.51
52.38

40.86
43.41
46.81
48.31
49.07
48.22

38.53
39.77
40.05
45.47
43.84
43.54

1893.

41.24
51.04
51.65
49.55
46.87
48.97

46.05
53.30
55.08
63. 08
49.94
55.04

48.58
54.71
53.02
46.09
49.72
50.84
61.25

55.23
58.00
53.87
60.94
54.51
56. 96

51.55
53.43
53. 32
61.78
55. 95
61.95

38.47
45.40
48.71
45.89
43.91
53.57

43.01
47.95
52.81
52.28
48.77
53.30

52.61

46.20

50. 95

8.24

54.80

47.23

43.55

58.37

59.03

57.60
58.48
48.70
54.18
46.55
69.90

52.69
60.20
45.19
47.84
44.00
50.05

65.40
64. 20
50.71
51.19
56.26
66.98

59.50
75. 52
57. 59
54.66
52.08
63.04

50.25
59.88
43.14
46.50
46.88
53.78

47.85
55.65
41.69
44.03
50.76
48.79

45.76
51.11
39.59
41. 04
49.37
50.12

59.50
68.68
42. 62
42. 75
61.44
57.31

64.84
70.48
46.39
46.78
70.77
64.90
58.43

51.12

54.

49.95

54.44

59.38

47.98

46.12

43.99

53.73

Virginia
West Virginia ..
North Carolina.
South Carolina.
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Porto Rico

54.74
35.08
45.02
67.16
51.76
42.75
54.87
47.46
41.57
36. 38
38.09
33.68
43.06

51. 20
37.49
46.40
56.17
45.02
40.66
52.13
45.64
37.12
45.02
36.90
38.99
45.80

40.54
36.13
35. 34
46.06
39.37
38.02
38.98
32.75
26.66
36.24
35.56
28.90
38.02

.13. 46
36.14
36.69
61.82
42.88
40.85
52.98
37.95
48.81
41. 67
58.23
38.75
43.52

44.74
38.54
39.71
52. 69
39:99
49.36
45.91
40.68
31.62
34.23
34.48
31.69
37.88

36.98
32.75
34.45
45.12
30.97
38.61
33.97
32.32
19.58
27.33
30. 53
24.84
31.- 84

34.56
30.48
37.97
37.25
30.30
50.02
27.06
31.67
19.31
24.02
27.88
22.30
27.80

36.88
26.99
42.65
54.87
33. 67
39.40
27.83
26.54
20.34
27.57
25. 67
23.04
23.40

46.37 46. 29
32.03 36.67
63.23 51.22
64.53 52.18
47.58 41.08
41. 68 47.29
43.57 42.01
31.25 34.47
36.81 41.00
31.95 36.01
28.19 38.57
25.15 31. 60
31.89 34.10

Southern .

41.49

43.82

34.83

42.70

37.07

29.36

26.91 28.60

36.34

38.17

36. 68
29.95
31.06
55.'62
31.85
31.38
32.20
30.28

40.19
35.90
36. 64
43.08
39.12
38.36
38.74
37.46

33.18
27.63
31.16
35.51
33.92
30.83
31.-73
30.53

42.98
31. 29
39.57
37.12
34.02
32.32
36.58
42. 00

32.69
30.65
31.62
33.92
3L24
32.27
32.65
30.95

27.38
24.59
25.91
29:36
27.41
27.41
28.24
23.11

25.05
21.66
21.45
25.36
22.69
22.16
22.49
19.36

22.70
21.31
22.12
23. 98
21.18
24.12
21.10
20.15

27.62
24.41
26.93
27. 71
24.98
.25.25
24.40
24.93

31.61
26.29
32.84
27.66
27.04
26.45
27.90
41.18

35.08

39.01

32.08

1.65

32.18

26.75

23.02

22.05

26.25

32.00

32.28
34. 80
33.12
34. 35
31.99
39.47
39.11
37. 76
26.10
24. 32

41.03
43.10
47. 54
39.76
40.33
53.26
41.94
48.^44
36.46
42.29

35.01
37.06
35.08
31.58
32.33
39.93
34-. 01
37.68
.32.68
34.71

29.26 26.22
38.70 31.84 29.83
37.76 31.08 25.67
33.25 28.28 25.12
31.97 27.55 25.10
40. 26 36.91 32.90
33.-51 29.88 23. 56
37.15 33.16 27.86
46.56 43.08 34.11
29.46 22.03 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

25.34
28.53
31.75
29.63
27.80
29.41
32.32
32.41
30.38
33.41

34. 61 43.19

33.96

Ohio
Indiana . . .
Illinois
Michigan..
Wisconsin .
Minnesota.
Iowa
Missouri...
Middle .
North Dakota —
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Indian Territory .
Western —
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska .Hawaii

33.76
37.12
39. 64
32.46
41. 04
56.84
38.36

44. 53 34.46
47.32 36.11
50.20- 36.30
46. % 35.17
39.68 15.40
61.94 66.58
48.21 36.85

33.58
35.66
34.4.0
33.66
32.00
39.56
36.87
38.05
45.18
29.80

34.61 35.12
37.90
54.61
45.98
34.76
20.29
60.28
39.69

40.25
78.28
51.38
36.04
20.00
63.56
31.20

29.81

25.47

23.33

24.04

30.62

37.26
39.63
31.92
16.29
51.36
32.79

29.33
29.36
28.22
31.26
16.20
52.87
28.73
6.33

27.87
29.56
45. 30
30.43
21.70
32. 91
28.17
25.60

30.68
33.45
32.24
28.02
21.66
33.73
32.21
16.00
12. 58

33.92
35.24
37.35
29.21
29.67
37.4.8
37.35
12.00
54.56

Pacific

46.68

32.28

40.34

48.41

33.18

27.12

34.90

30.64

35.64

United States

48.87

42.49

47.85

50.23

42.51

37.83

36.85

43.44

46.82




AND

275

TBEASUEER.
No.

104

Year.

1875
18761877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889

..—AVERAGE AMOUNT OP NATIONAL-BANK NOTES OUTSTANDING, AND TPIE
REDEMPTIONS BY FISCAL YEARS, PROM 1875.

Average
outstanding.
$354,238,291
344,483,798
321,828,139
320,625, 047
324,244,285
339; 530,923
346,314,471
359,736,050
359,868,524
347,746,363
327,022,283
314,815,970
293,742,052
265,622, 692
230,648,247

Redemptions.
Year.
Amount.
$155,521,000
209,039,000
242,885,000
213,152,000
157,657,000
61,586,000
69,650,000
76,089,000
102,700,000
126,152,000
150,209,000
130,296,000
87,690,000
99,152.000
88,932,000

Per cent.
43.90
60.68
75.47
66.48
48. 62
18.13
17.22
21.15
28.53
36.27
45.93
4L38
. 29.85
37.32
38.55

Average
outstanding.

1890
$196,248,499
1 8 9 1 . . . . . . . . . 175,913,373
1892
172,113,311
1893
174,755,355
1894
205,322,804
1895
207,860,409
1896
217,133,390
1897
232,888,449
228,170,874
1898
239,287,673
1899...
260,293,746
1900
839,884,257
1901
358,173,941
1902
383,173,195
1903

Redemptions.
Amount.

Percent.

$70,257,000
67,461,000
69,625,000
75,845,000
105,333,000
86,709,000
108,261,000
113,574,000
97,112.000
90.838.000
96,982,000
147,487,000
171,869,000
196.430.000

35.80
38.34
40.45
43.40
51.30
41.71
49.85
48.76
42.66
37 96
37.25
43.39
47.98
5L26

N o . 1 0 5 . — P E R C E N T A G E OP NATIONAL-BANK NOTES RECEIVED FOR REDEMPTION PROM
THE PRINCIPAL CITIES AND OTHER PLACES, BY MONTHS, PROM 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..
D e c e m b e r ..
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

New
York.
43.94
41.27
37.89
40.68
'44.96
46.99
40.72
36.25
38.35
32.82
36.17
35.49
66.17
46.40
39.47
42.45
55.19
56.69
49.51
4L78
41.91
37.93
38.70
42.75
49.77
45.93
40.61
4L03
46.24
49.82
46.43
44.29
42.17
39.88
41.27
48.69
56.62
6L07
40.03
53.29
56.04
42.23
36.93
29.35
54.85
63.73
62.74
61.09
62.20
67.23
60.74
62.70
69.66




Boston. Phila- Baltidelpbia. m o r e .

Chicago.

5.05
5.26 c 2.63
17.83
9.64
6.66
L86
7.86
6.92
1.82
7.85
9.06
7.20
7.60
2.63
7.73
7.51
5.38
2.90
9.46
7.59
5.89
3.91
7.84
12.38 • 6.93
2.83
7.57
11.64
7.25
2.79
7.75
10.95
7.52
2.14
8.34
12.40
8.62
8.18
L68
13.87
7.39
L94
8.07
13.64
7.28
2.25
8.41
11.59
4.58
2.37
6.02
10.82
5.98
2.04
6.51
10.08
7.51
L60
6.86
8.99
7.95
2.38
7.33
6.34
6.52
3.25
5.31
7:23
5.17
2.75
5.80
10.71
5.66
2.56
7.03
12.69
7.09
2.77
7.09
12.00
8.30
2.93
7.43
13.17
9.33
3.58
8.35
13.47
6.80
2.97
8.66
14.06
8.43
3.41
6.07
13.43
2.13
6.61
5.81
10.48
5.44
3.00
7.19
9.35
8.28
2.84
7.79
9.88
9.10
3.55
7.96
10.82
6.52
3.34
7.00
8.92
7.58
2.93
6.57
12.07
6.90
3.04 . 7.99
12.83
7.21
6.41
2.69
15.00
6.83
6.57
2.93
14.45
7.903.20
7.65
13.89
9.11
8.02
1.79
14.56
6.34
L74
7.00
13.43
5.66
1.65
4.59
11.89
6.84
2.34
6.22
12.21
7.21
2.09
8.82
8.80
7.25
2.14
6.13
10.63
6.34
2.44
5.31
• 12.99
3.56
6.37
9.80
15.92
8.53
9.07
2.79
9.78
11.62
2.44
11.82
n.75
8.07
2.03
5.09
13.36
4.65
3.19
1.83
15.31
4.87
1.41
3.07
16.13
5.04
2.87
.50
16.62
4.40
.52
3.04
16.47
.71
6.71
2.60
12.04
6.26
.47
3.42
9.70
6.58
.54
4.61
13.26
5.68
.58
3.62

CincinSt. . N e w
Other
n a t i . Louis. O r l e a n s , p l a c e s .
1.15
L78
2.22
2.15
1.90
2.09
2.01
2.46
2.99
3.18
2.31
2.80
1.56
2.01
2.27
2.73
L76
1.80
L98
2.19
2.85
2.31
3.67
2.60
L95
3.91
3.03
1.88
3.63
3.54
3.05
2.65
3.06
3.76
3.23
2.60
2.26
2.81
3.10
3.00
3.40
2.89
3.29
10.49
7.35
3.83
2.05
.93
.90
1.55
1.39
1.44
L54

L52
2.26
1.89
2.30
L90
1.66
2.01
2.17
2.21
2.52
2.31
•2.14
L37
1.81
L89
2.54
1.63
1.41
1.47
L84
2.23
2.35
2.23
L70
1.45
1.66
L95
2.14
L69
1.16
1.72
1.78
1.92
L82
1.99
LOO
1.07
1.38
1.95
1.74
1.25
1.49
1.92
2.44
1.79
1.25
.61
.57
.40
.46
.81
2.02
L55

0.93
1.74
L71
2.59
1.96
1.40
1.32
1.94
3.15
2.55
1.73
L53
.59
1.57
L86
L54
1.02
1.29
L40
2.07
2.08
L87
1.91
1.07
L18
1.32
L67
1.28
L07
L08
LIO
1.78
.92
1.86
L17
L25
.61
1.07
L29
.91
.80
1.23
L74
1.52
.33
.47
.57
.21
.34
.46
.44
. .38
.20

21.69
26.93.
30.64
27.22
24.03
23.73
24.23
27.75
24.35
28.05
26.21
26.56
16.75
22.86
28.56
24.09
20.08
17.86
19.69
22.48
20.27
21.11
21.59
19.91
17.67
21.07
24.68
23.18
19.79
18.41
17.64
20.36
20.60
19.48
19.53
16.76
14.21
16.38
23.30
. 16.74
13.79
19.44
• 20.81
20.64
8.74
7.69
9.37
12.66
11.58
14.81
14.43
13.03
14.01

276

REPORT ON T H E FINANCES.

N o . 1 0 5 . — P E R C E N T A G E OF NATIONAL-BANK NOTES RECEIVED FOR REDEMPTION PROM
THE PRINCIPAL CITIES AND 0T.EER PLACES,- ETC.—Continuecl.
Month.

New
York.

1894—June
July
August
September
October . .
November
December
1895—January . .
- February.
March —
April
May
June
July
August . . September
October -.
November
December
1896—January..
February.
March
April
May
June
July
August . . .
September
October . .
November
December
1897—January..
February.,
March
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
Deceniber,
1900—January . .
• February.
March
April
May
June
July
August
September
October . .
November
December,
1901—January..
February.,

64.78
60.52
61.87
56.87
53. 97
64.99
61.99
66.27
58.42
67.98
59.01
61.17
60.68
50.92
54.36
43.88
42.82
43.03
• 53.23
61.48
66.71
50:70
53.33
61.66
66.49
56.17
48.51
47.17
52.55
58.40
69.50
60.34
59.20
65.12
62.22
62.35
59.47
58.83
53.15
47.68
48.51
^9.01
54.76
58.68
67.26
61.68
50.84
60.22
62.33
63.26
55.50
<:9.97
^9.41
48. 95
60.75
55.46
56.35
^4.65
<:8.31
^9.41
61.04
60.71
^.6.01
<.3.08
^.7.08
<.4.93
^7.66
64.12
58.85
52.31
55.27
58.75
60. 80
57.04
58.28
^9.49
^2.48
^7.99
-8.38
66.65
52.98




i
Boston. dP hp l ai- Baltiel h a more.
9.09
10.25
11.91
11.93
16.64
33.31
14. 32
3.5.59
10.71
10.23
7.51
,10.33
^ 8.84
12.38
13.75
14.52
:.7.33
18.19
15.59
:.8.90
;.3.48
:.3.98
:0.75

:o.i7

11.06
:3.4i
:.4.60
:.5.06
:.7.88
:.7.95
6.71
: 6.60
:2.79
:i.90
8.19
:3.i3
:3.19
:.7.3i
•:.8.53
21.00
21.44
20.41
:9.79
:8.64
:3.88
:.3.09
:.0.75
:.2.47
12.87
:.4.59
:2.i7
16.78
:8.61
:.9.08
16.77
:7.23
:2.56
11.95
10.20
:o.30
:3.03
:2.50
:3.87
15.48
:3.47
:6.06
14.70
13.63
10.04
n.42
9.81
:2.73
:,2.07
:3.49
:.6.46
:8.ii
:.7.70
:6.32
:5.82
:L50

n.24

5.93
6.67
7.76
8.75
8.37
8.20
6.27
4.91
7.67
6.39
7.44
6.54
7.29
8.33
7.57
8.87
9.37
6.48
6.75
4.89
5.48
7.24
7.20
5.81
8.60
8.28
10.57
10.43
6.78
5.23
6.64
6.43
8.48
8.36
7.21
6.34
7.39
"4.97
7.01
9.15
7.44
7.06
5.73
4.90
5.28
7.87
8.21
8.45
8.30
6.53
8.29
9.30
6.12
8.39
8.36
5.72
6.28
9.61
10.47
:.0.45
9.65
9.48
:.0.78
:0.74
:.0.62
:L2. 02
:0.76
6.46
7.45
8.86
8.01
7.48
6.78
5.65
6.17
6.62
9.10
7.62
8.53
5.35
4.81

0.43
.93
.61
1.12
.99
.88
LOO
.62
L35
L14
1.23
1.33
2.04
2.16
1.21
3.02
3.60
2.10
1.81
1.19
1.44
2.23
1.62
L46
2.22
1.70
2.30
2.89
1.71
1.12
1.11
.83
1.21
1.42
L33"
1.04
1.45
.83
1.89
1.94
1.84
2.01
1.55
1.27
3.41
4.22
2.96
3.61
2.72
1.46
1.88
1.90
1.56
2.79
3.32
2.75
3.64
4.32
2.66
3.09
. 2.65
2.38
2.90
2.90
2.78
2.46
3.09
1.79
2.51
2.37
3.99
3.26
2.45
2.94
2.80
4.33
2.25
4.82
3.49
2.42
2.99

Chicago.
4.32
4.14
3.92
. 4.87
4.16
4.89
3.69
2.45
4.98
6.57
5.60
5.78
5.33
5.89
5.76
6.23
5.41
6.75
5.09
4.00
4.86
6.07
5.57
4.96
5.81
6.37
4.84
5.49
4.50
4.34
4.02
3.83
4.67
5.76
6.10
4.30
4.15
6.32
4.09
5.10
5.40
4.77
4.63
4.94
5.62
6.49
7.55
6.92
5.32
5.55
4.65
6.36
6.34
5.25
5.20
4.17
5.71
7.78
6.53
6.58.
5.16
6.39
8.26
7.74
5.76
6.71
5.38
3.34
4.32
5.68
4.22
3.55
3.54
8.32
3.70
6.63
5.60
5.91
4.84
2.73
10,01

C i n c i n - . St. 1 New
nati.
Louis. Orleans.
1.68
0.83
2.38
.73
.71
.64
.95
L32
1.16
.78
1.63
L65
1.67
1.17
1.25
L37
2.61
2.27
2.75
3.91
3.23
4.78
2.46
1.80 1
2.50
3.02 1
2.24
4.89
2.04
3.09
3.96
3.58
3.50
3.23 1
5.47
2.74
2.39
3.45
1.30
3.46
2.01
2.66
3.04
2.66
4.39
4.88
2.62
3.41
3.05
4.06
2.27
2.04
L85
2.48
L70
1.89
1.35
1.60
1.75
L22
1.26
1.59
.73
1.26
.87
1.56
.96
1.97
LOO
2.12
L07
2.41
L87
2.93
1.15 • 1.60
1.20
2.02
1.28
L96
1.87
1.31
• 2.89
2.38
1.38
L48
1.34
L63
.76
2.25
L23
1.87
L43
2.19
'2.02
2.25
2.19
2.59
2.32
2.75
1.73
3.10
1.21
1.68
2.76
2.71
2.87
1.37
1.83
1.83
L15
2.81
1.32
2.40
2.37
1.56
3.24
L53
2.00
3.84
2.17
2.11
1.58
2.73
.82
L75
L55
2.34
L80
2.56
1.62
2.20
L03
1.99
.67
L19
.98
2.71
L04
3.10
1.30
3.41
1.47
2.08
1.46
2.97
1.22
2.28
.50
2.13
1.02
2.37
2..20
1.56
.96
1.83
1.65
2.65
.74
3.22
L07
7,62 1

0.09
.32
.21
.25
.23
.08
.24
.27
.34
.75
1.03
.85
.57
1.06
1.32
1.66
1.41
1.25
.70
.52
1.20
1.28
.78
.89
.62
.75
L43
.50
.54
.39
.29
.25
.44
.65
.34
.42
.38
.66
.98
.54
.34
.52
.58
.30
.72
.55
.70
.71
.63
.51
.57
.72
.90
.44
.41
0.54
.37
1.30
.93
.84
1.17
.95
.73
.90
.70
.48
.52
.31
1.21
.85
.75
.61
.97
.8L
.85
L15
4.33
.44
,74

277

TRBASUKER.

N o . 1 0 5 . — P E R C E N T A G E OP NATIONAL-BANK NOTES RECEIVED FOR REDEMPTION PROM
THE PRINCIPAL CITIES AND OTHER PLACES, ETC.—Continued.
New
York.

Month.
1901—March
April
May
June
July
August . . . ;
September.
October . . .
November.
December.
1902—January...
February..
March
April
May
June
July
August
September.
October . . .
November,
December ,
1903—January . . ,
February.,
March
April
May
,
June
July
,
August
September

Boston. P h i l a - B a l t i delphia. m o r e .

54.44
52.58
57. 71
57.15
57.20
52.51
49.41
50.33
49.10
62.38
55.59
48. 98
46.53
44.58
50.76
46.88 .
50.28
47.84
40.84
39.41
47.19
47.95
69.88
56.08
45.32
48.23
52.72
53.93
54.08
54.97
50.39

11.08
1L20
11.07
9.67
12.72
10.86
13.01
12.92
14.44
12.75
10.37
11. 06
9.69
8.55
8.74
8.73
10.49
10.58
12.29
11.78
12.00
10.93
9.02
9.16
9.71
8.20
9.80
8.02
9.95
9.98
9.73

4.70
7.56
5.34
5.24
6.19
5.52
6.60
7.05
7.02
6.56
6.04
5.42
6.39
7.71
6.00
6.77
7.83
7.84
.9.22
8.58
8.15
7.60
4.88
6.21
7.24
7.80
7.06
7.23
6.53
6.70
7.50

3.14
3.39
3.71
3.23
2.86
3.37
3.89
4.17
3.33
3.05
2.54
2.69
3.06
3.60
3.94
3.42
3.02
3.41
3.97
3.20
3.73
3.16
2.89
3.31
3.71
4.69
3.67
4.16
4.04
3.77
3.97

Chicago.
5.61
6.13
6.24
6.14
6.26
6.04
7.43
7.44
7.40
7.03
7.11
12.04
9.50
9.06
9.64
9.91
10.00
11.93
11.68
11.94
10.11
8.45
8.39
8.18
10.68
10.15
8.71
7.55
8.95
7.96
9.57

CincinSt.
nati.
Louis.
0.73
L13
1.45
L63
1.08
.95
1.54
L32
2.16
1.98
1.28
2.422.11
1.84
2.38
3.02
2.62
1.70
2.92
2.81
3.27
2.69
1.27
L85
2.65
2.05
L96
2.29
2.93
L96
2.63

7.49^
4.85
3.73
7.20
3.49
11.22
4.08
3.66
3.02
2.96
9.14
7.38
10.62
12.15
7.34
9.51
4.23
3.74
4.09
3.58
L76
4.83
3.75
3.60
7.65
6.42
5.89
6.01
4.08
2.88
5.07

Other
New
Orleans. places.
1.02
1.46
.92
.60
.81
-.60
LIO
.82
.75
.71
.68
1.50
2.26
2.31
1.80
2.05
2.03
2.03
2.37
2.08
2.17
1.41
.66.
1.04
1.66
L66
L31
L93
, 1.48
2.11
1.82

11.73
1L70
9.83
9.14
10.39
8.93
12.85
12.29
12.78
12.68
8.25
8.51
9.84
10.20
9.40
9.71
9.50
10.93
12.62
16.62
11.62
12.98
9.26
10.57
11.38
10.80
7.96
9.67
9.32

N o . 1 0 6 . — C H A N G E S DURING THE FISCAL Y E A R 1903 IN THE FORCE EMPLOYED IN
THE

TREASURER'S

OFFICE.

T o t a l force J u n e 30. 1902:
R e g u l a r roll
Detailed

422
11
433

Died
:
Resigned
T r a n s f e r r e d from T r e a s u r e r ' s Office
Discontinued
D e t a i l e d from T r e a s u r e r ' s Office

3
22
4
7
2

Appointed
Reinstated
T r a n s f e r r e d t o T r e a s u r e r ' s Office
D e t a i l e d t o T r e a s u r e r ' s Office

18
8
23
13

38

62
24
T o t a l force J u n e 30. 1903

No.

457

1 0 7 . — A P P R O P R I A T I O N S MADE FOR THE FORCE EMPLOYED IN THE TREASURER'S
OFFICE AND SALARIES P A I D DURING THE FISCAL Y E A R 1903.
Appropriated.

Roll on w h i c h paid.
R e g u l a r roll
R e i m b u r s a b l e roll (force e m p l o y e d i n r e d e m p t i o n of n a t i o n a l
currency)
.'
Total:




:

Expended. Balance unexpended.

$383,210.00

$380,743.50

84,169.70

83,012.64

1,157.06

463,756.14

3,623.56

„ $2,466.50




REPORT OF THE DIRECTOR OF THE MINT.

TREASURY DEPARTMENT,
BUREAU OF THE M I N T ,

Washington, D . O., N'ovemher ^7, 1903.
SIR: I have the honor to herewith submit the thirtieth annual report
of the Director of the Mint, covering the operations of the mints and
assay offices of the United States for the fiscal year ending June 30,
1903, with such available statistics for the fiscal j^ear as may be valuable in connection therewith.
COINAGE OF THE YEAR.

The coinage mints at Philadelphia, New Orleans, and San Francisco
were in operation throughout the fiscal year and the output in number of pieces was greater than in any previous year. The domestic
coinage aggregated 184,578,638 pieces, of the value of $74,203,000.43.
Of this, $45,721,773 was in gold coin, $17,972,758 standard silver dollars, $8,023,751.25 subsidiary silver coin, and $2,284,691.18 minor coin.
The total number of pieces turned out,^ including coinage for the Philippines, Venezuela, and Colombia, was 205,872,482.
SILVER BULLION NEARLY EXHAUSTED.

The silver dollars were all coined from bullion purchased under the
act of July 14, 1890. ' O t the subsidiary silver, $2,509,000 was likewise coined from this bullion. Of^this.bullion there remained on hand
June 30, 1903, 17,502,938.35 fine ounces. The entire amount will be
used for coinage during the fiscal 3^ear 1904;
*^
The limitation of the coinage of subsidiary silver was in a measure
removed by the act of March 3, 1903, which permitted the bullion
purchased under the act of 1890 to be used to supply this demand.
When this bullion is exhausted, which will be before the first session
of the Fifty-eighth Congress closes, no more subsidiaiy coins can be
made without further legislation giving authority for the purchase of
bullion.
PHILIPPINE AND FOIIEIGN COINAGE.

At the request of the Secretary of War the purchases of bullion
required for the silver coins of the Philippine Islands, authorized by
the act of March 3, 1903, were made by the Director of the Mint,
with the approval of the Secretary of the Treasury. Tenders of bullion were invited upon Monda3^s and Thursdays, of each week, and
purchases made as seemed advisable in amounts sufficient to keep the




279

280

REPORT OK THE

FmAKCES.

mints employed. The mints at Philadelphia and San Francisco confined their' operations wholly to the manufacture of Philippine coins
during the last three months of the fiscal year. The cost of the bullioii and of the coinage has been borne by the Philippine government.
The coinage made for the Philippines during the j'Car amounted to
8,037,573.10 pesos in silver and 183,465.30 pesos in minorcoin. In
addition to these the mint at Philadelphia coined 750,000 pieces in
silver for Venezuela and 1,360,000 pieces in silver for Colombia.
EARNINGS AND EXPENDITURES.

A summary of all earnings and .expenditures, including seigniorage
on silver and minor coin shows that the total earnings and gains
exceeded expenditures by $6,894,448.13. The earnings were as follows:
Parting and refining charges
.'
Alloy charges
•.
Melting, assaying, and stamping charges
Seigniorage on standard silver dollars
Seigniorage on subsidiary silver coin
^
".
Seigniorage on minor coin
Profits on manufacture of proof coins and medals. .^.
Gains on bullion deposits
Proceeds from sale of old material
Received for special assays
'
Sale of by-products
,
,
Received for manufacture of counting boards, machinery, etc . . . ' .
Received for couiage for Colombia and Venezuela
Received for coinage for Philippine government
Total.

-

$187, 999. 52
10,779.58
40, 302. 78
5, 395, 395.10
878,934. 51
1, 960,915. 59
8, 701. 94
77, 681. 29
4, 963. 71
3, 236. 00
20, 751. 33
4, 020. 32
15,907. 80
90,067.22
8,699,656.69

The expenditures were as'follows:
Equipment, Philadelphia mint
Equipment (new machinery), ,San Francisco m i n t .
Equipment, Denver mint
Transfer of gold coin and bullion between mints and assay ofiices
Paid in salaries and wages
Contingent expenses (less wastage and loss in sweeps sold)
Wastage and loss on sale of sweeps
Expense of distributing minor coin
Loss on bullion shipped to mint
".
Loss on recoinage, minor coin
Total....,

,

|44, 888. 33
23, 356. 37
4,237. 42
64, 235. 88
1,156, 875. 06
436, 677. 40
21, 743. 31
:
41, 682. 25
275. 88
11, 236. 66
1,805,208.56

THE MINTS.

Elsewhere Avill be found the detailed reports • submitted by the
superintendents and operative officers of the several institutions, and
for information concerning their operations reference is made thereto.
At the Philadelphia mint the electrolytic refining process was used
upon gold bullion of the value of $4,492,253 at insignificant cost, the
amount of platinum recovered offsetting approximately the entire cost
of the operations. Experiments are being made with prospects of
success for extending this process to bullion of lower grade than has.
heretofore been treated.
The new mint at Denver will be completed and ready for the installation of the machinery, fixtures, apparatus, etc., during the coming
fiscal year, and provision should be made for the officers, clerks, work


BIRECTOR OF THE MIKT.

281

men, and supplies required to operate a coinage mint. In the report for
this Bureau submitted one year ago the advisability of closing the NCAV
Orleans mint was discussed at some length, and the same considerations
are now pertinent. Briefly stated they are that with the exhaustion
of the^stock of silver bullion purchased under the actof July 14,1890, c
and the cessation of silvei'-dollar coinage, the amount of work to be
done b}^ the mints will be greatty reduced. The new mint at Denver
will add considerably to the coinage capacity of the country just as
the requirements are to diminish. The mint at Denver, however, is
conveniently^ located for the coinage of gold, while the mint at New
Orleans receives but little gold. In view of the fact that the three
mints—at Philadelphia, Denver, and San Francisco—have ample
capacity and can do it moreeconomicall}^ than four mints can, the recommendation that the New Orleans mint be reduced to an assa}^ office is
repeated.
The business of the New York assay office has increased to such proportions that the present building is inadequate. It iSo a veiy old
building, inconvenient, unsafe, and in constant need of repair. It is
urged that provision be made for a new structure.,
DEPOSITS OF GOLD BULLION, FISCAL YEAR 1 9 0 3 .

Deposits of bullion may be made at a mint or assay office for conversion into bars for the convenience of the depositor. When delivered to him and disposed of by him they frequently find their waj^ to
another one of the Government institutions and are there classified as
redeposits. The same applies to transfers of bullion between the
mints and assay offices.
.
The deposits of gold bullion at the mints and assay offices of the
UnitedStates during the fiscal year ended June 30, 1903, exclusive
of the redeposits, were of the value of $127,004,443.02, against
$132,580,829.88 reported the previous year.
The aggregate of all deposits, including redeposits, is the total of
metal operated upon in the year by the mint service. This total of
gold bullion received in the fiscal 3^ear ended elune 30, 1903, was
8,583,900.733 standard ounces of the value of $159,700,469.83, against
9,068,708.137 standard ounces of the value of $168,720,141.15 reported
the previous year.
The deposits of domestic bullion amounted to 5,187,643.842 standard
ounces, of which 1,394,804.149 standard ounces were in a crude condition direct from the miners operating in the various States, 863,874.233
standard ounces of refineiy bare (less than 0.992 in fineness), and
2,928,965.460 standard ounces of refined bullion (0.992 in fineness and
over) were bullion received from private refineries, chlorination, and
C3^anide works.
UNCURRENT DOMESTIC GOLD COIN FOR RECOINAGE.

Uncurrent and mutilated domestic gold coin received for recoinage
contained 51,648.8 standard ounces of the coinage value in new coin of
$960,907.95. Of this amount 32,941.509 standard ounces were received
over the counter and 18,707.291 standard ounces were received on
transfers from the Treasury.



282

REPORT ON T H E FINAKCES.

The face A^^alue, denominations, and loss on recoinage of the coin
referred to are shown in the following table:
UNCUKRENT DOMESTIC GOLID COIN.
Face value.
Denomination.

Transferred
from Treasury,

Purchased
over counter.

$114,140.00
99,550.00
134,005.00
3,322.50
21.00

$171,680.00
309,530.00
123,675.00
174.00
13,937.50
433.00

$285,820.00
409,080.00
257,680.00
174.00
17,260.00
454.00

351,038.60

619,429.50

970,468.00

2,995.88

6,564.17

9,560.05

Double eagles .
Eagles
Half eagles
3-dollar pieces.
Quarter eagles.
Dollars
Total
Loss by recoinage .

Foreign bullion containing877,794.521 standard ounces, of the value
of $16,331,059.02, was also received, of which 698,766.432 standard
ounces were unrefined and 179,028.089 standard ounces were refined
previous to its receipt at the mint, as shown h j the following table:
DEPOSITS OF FOIIEIGN " GOLD BULLION.

'

Unrefined.

Country of production.

Standard
ounces.

Canada:
British Columbia
Klondike, Northwest Territory
Nova Scotia
Ontario and Quebec
Mexico .
..
.
. . .
Central America'
South America
West Indies
China
South Africa
Great Britain

Tlefined.

Coining value.

55,498 667
331,806 044
27,387.053
16,501.786
178,266.751
37,938.556
50,990.539
276.079
12 674
88 284
698,766.432

Total

$1,032,533.34
6,173,135.70
609,526.56
307,009.97
3,316,590.72
705,832.67
948,661.19
5,135.35
235.79
1,642.49
13,000,303.78

Standard
ounces.

Coining
value.

17,261.431
127.934
2,079.245

$321,142.90
2,380.27
38,683.63

159,659 479

2,968,548.44

179,028 089

3,330,755.24

Foreign gold coin containing 481,094.499 standard ounces of the coining value ill United States money of $8,950,595.28 was deposited.
The following table shows the countiy of coinage and amount of such
deposits:
DEPOSITS OF FOREIGN GOL.D COIN.
Standard . Coining value.
ounces.

Country of coinage.
Great Britain
*
!
Germany
Spain
France.
' .
.
.
Russia
Mexico
South America
Central America .
Other
Total....'

.-.




. . . . . .
.

.
.

•

419,467.215
2,399.902
159.890
117. 286
1,713 478
25,354 887
31 626
559 910
31,290 305

$7,804,041.21
44,649. 33
2,974. 69
• 2,182.06
31,878.66
471,718.82
588.38
10,416.93
582,145.20

481,094.499

8,950,595.28

DIRECTOR

OF T H E

283

MINT.

Jewelers' bars, old plate, etc., containing 228,307.625 standard ounces,
of the value of $4,247,582.65, were deposited.
The redeposits contained 1,757,411.446 standard ounces, of the value
of $32,696,026.92, as shown by the following table:
REDEPOSITS OF GOLD BULLION.
I n s t i t u t i o n a t w h i c h d e p o s i t e d , fine b a r s .
Institution at which manufactured.

Philadelphia.
Standard
ounces.
269.936

Standard
ounces.

Standard
ounces.

14.071

Philadelphia.
New York
Denver
St IjOuis

2,799.537

Standard
ounces.
269 936
2,813.608
6,407.824
285 201

14.071

2, 799.537

9,776.569

6'; 407.824
285.201

Total

'

6,962.961

Institution at w h i c h deposited, u n p a r t e d bars.

Institution at
which manufactured.

Philadelphia.

Philadelphia...
Carson
Denver
Boise
Helena
Charlotte
St. L o u i s
...
Deadwood
Seattle
Total

Total.
New Orleans. New York.

San Francisco.

Denver.

Helena.

Seattle.

Total.

S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs.
10.554
10 654
14,069.130
14,069.130
818,425.438
142.343
818,606.629
38.848
70,892. 891
70,892.891
129,167. 739
129,167.739
13,227.722
13,227.722
6,185.975
6 185 975
51,020.700
51,020.700
13,382.760
630,851.785
218.992
644 453 537
1,102,313. 779

644,920. 915

142.343

38.848

218.992

1,747,634.877

The following tables exhibit the weight and value of deposits and
purchases of gold:
W E I G H T OF THE ORIGINAL DEPOSITS AND REDEPOSITS OF GOLD BULLION AT THE MINTS
AND ASSAY OFFICES OF THE UNITED- STATES DURING THE FISCAL YEARS 1902 AND
1903, AND THE INCREASE OR DECREASE OF THE SAME DURING THE LATTER YEAR.
Fiscal y e a r .
Classification of d e p o s i t s of gold.
1902.
ORIGINAL

1903.

Increase
1903.

Decrease
1903.

DEPOSITS.

Domestic:
Unrefined
. . .
Refinery bars
Refined b u l l i o n
Domestic coin:
Purchased
Treasury transfers
Foreign bullion:
Unrefined
Refined
Foreign coin
J e w e l e r s ' b a r s , old plate, etc

S t a n d a r d ozs.
1,230,004.009
906,813.297
2,949,119. 770

Total original deposits

S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs.
1,394,804.149
164,800.140
863,874.233
42,939.064
20,154.310
2,928,965.460

37,148.867
42,865. 220

32,941.509
18,707.291

944,375.084
33,306.212
752,293.722
230,303.973

698, 766.432
179,028.089
481,094.499
228,307.626

145,721.877

7,126,220.154

6,826,489.287

310,522.017

20,169.417
1,922,318. 566

9,776.669
1,747,634,877

1,942,487.983

1,757,411.446

9,068,708.137

8,583,900.733

4,207.358
24,147.929
245.608.652
271,199.223
1,996.348
610,252.884

REDEPOSITS.

F i n e b a r s '.
Unparted bars
Total redeposits
Total gold operated upoii




,

10,392.848
174 683.689
185,076.537
310,622.017

795 329,421

'284

REPORT ON T H E F I N A N C E S .

VALUE OP THE ORIGINAL DEPOSITS AND REDEPOSITS OF GOLD BULLION AT THE MINTS
AND ASSAY OFFICES OF THE UNITED STATES DURING THE FISCAL YEARS 1902 AND
1903 AND THE INCREASE OR DECREASE OF THE SAME DURING THE LATTER Y E A R .
F i s c a l year—

Increase.

Decrea-se.

1903.

1903.

Classification,
1902.

1903.

O R I G I N AL, D E P O S I T S .

Domestic:
Unrefined
.
.
Refinery b a r s
Refined b u l l i o n
Domestic coin:
.
P u r c h ased
.
Treasurv transfers
Foreign bullion:
Unrefined
Refined
F o r e i g n coin
..
.
J e w e l e r s ' b a r s , old p l a t e , etc

$22,883,788.77
16,870,945.07
64,867,344.55

$25,949,838.76 $3,066,049.99
16,072,078.72
• 54,492,380.64

691,141.74
797,306.42

:
..

612,865.33
348,042.62

17,569,766.45
' 619,650.45
13,996,162.21
4,284,724.22

13,000,303. 78
3,330,755.24
8,950,595.28
4,247,582.65

2,711,104.79

132,580, 829.88

127,004,443.02

5,777,154.78

375, 244. 92
36.764,066.35

T o t a l o r i g i n a l denosits

$798,866.35
374,963. 91

.^

181,889.65
32,514,137.27

78,276.41
449,263.80
4,569,462.67
5,045,566.93
37,141.67
11,353,541.64

REDEPOSITS.

Fine bars
Unparted bars
Total redeposits
Total gold operated upon

37,139,311. 27

32,696,026.92

169,720,141.15

159,700,469. 94

193,355.27
4,249,929.08
4,443,284.35
5,777,154.78

15,796,825.99

DEPOSITS OF SILVER BULLION, FISCAL YEAR 1 9 0 3 .

Deposits of silver bullion may be made at a mint or assay office for
conversion into bars, and these, when delivered to the depositor and
disposed of by hiin, may find their wa3^ to another one of the Government institutions. These bars, bearing the stamp of the mint service,
are then classified as redeposits.
Including silver contained in gold deposits, the deposits and pur-.
• chases of silver during the fiscal 3^ear ended June 30, 1903, exclusive
of redeposits, amounted to' 15,670,977.38 standard ounces, against
6,063,186.38 standard ounces reported for the previous year. The
receipts for Philippine coinage were 8,162,317.11 standard ounces.
The aggregate of all deposits and purchases, including redeposits,
at all the mints and assay offices shows the total operations of the mint
service. This aggregate of silver received in the fiscal year was
26,398,713.18 standard ounces.
The deposits of domestic bullion amounted to 10,925,031.84 standard
ounces, of which 460,767.77 standard ounces were in a crude condition,
direct from miners operating in various States, 147,964.80 standard
ounces of refineiy bars (less than 0.992 in fineness), and 10,316,299.27
standard ounces in refined bullion (fineness of 0.992 and over), being
bullion received from private refineries, chlorination and cyanide
works.
UNCURRENT DOMESTIC SILYER COIN FOR RECOINAGE.

Uncurrent and mutilated domestic coins were received for recoinage
containing 2,278,028.25 standard ounces, of the coinage value in silver
dollars of $2,650,796.51 or the coinage value in new subsidiary coins
of $2,834,249.-73.
Of this amount, 2,274,524.68 standard ounces were received from the
Treasuiy and 3,503.57 standard ounces were received over the counter at the various mints and assa3^ offices.




DIRECTOR

285

OF T H E MINT.

The face value, denomination, and loss on recoinage of the coin
referred to is shown by the following table:
UNCURRENT DOMESTIC SILVER COIN.
Face ^'alue.
Denomination.

Trade dollars
Standard dollars .
Half dollars
Quarter dollars
T w e n t y - c e n t pieces
Dimes
Half dimes .
.
Three-cent pieces

Transferred
from Treasury.

.

.

Total
Loss b y r e c o i n a g e .
Gain by recoinage

3,008, 747. 98
178,857.27

$252 00
1 777.00
1,300,351. 50
931 147 25
234.40
777,515.40
1,689.05
136.78

4, 355.40

$1,299,316.60
930,416.25
23i;00
777,007.50
1,641.90
134.83

^

^Total.

$252.00
1,777.00
1,035.00
731.00
3.40
507.90
47.15
L95

.

'.

.

Purchased
over t h e
counter.

3,013,103.38
178,857.27
46.23

46.23

There was also transferred from the Treasuiy 512,984.59 standard
ounces of the nominal value of $619,000 in Hawaiian silver coin for
recoinage into domestic subsidiaiy coin.
Coining
value in
UnitedStates
subsidiary
coin

Face
value.

Denomination.

Dollars
Half dollars
Quarter dollars .

$339,500,
238,500
41,000
619,000

Total
Net gain by recoinage .

$638,239
638,239
19,239

Foreign silver bullion unrefined containing 1,233,831.62 standard
ounces was received as follows:
Standard
ounces.

C o u n t r y of p r o d u c t i o n .
Canada:
British Columbia
Klondike Northwest Territory
N o v a Scotia
Ontario a n d Quebec
Mexico
Central America
South America.
Other
:

Coining value,

.

. . .

:

Total

16,938.51
79,235.13
1,673.93
3, 570.06
1,047,630.95
69,296.05
15,564.54
22.45

$19,710.27
92,200.88
1,831.48
4,154.24
1 219 061.48
80,635.39
18, 111. 47
26.12

1,233,831. 62

f^
.

1,435,731.33

Foreign silver coin containing 24,298.22 standard ounces was deposited. The following table shows the countiy of coinage:
DEPOSITS OF FOREIGN SILVER COIN.
'

Standard
ounces.

C o u n t r y of c o i n a g e .

GreatBritain
Germany
Spain
Mexico
South America
Central America.
Other
Total

..
:




-.-

- .

Coining
value.

23.72
2.15
161.76
499.37
93.60
10,057.58
13,460.04

$27 60
2.50
188.23
581.08
108.92
11,703.36
16,662.69

24,298.22

28,274.28

286

REPORT ON T H E F I N A N C E S .

Jewelers' bars, old plate, etc., containing 696,786.27 standard ounces,
were deposited.
The redeposits contained 10,727,735.80 standard ounces, as shown by
the following table:
REDEPOSITS OF SILVER BARS.
1
I n s t i t u t i o n a t w h u j u iutinufactured.

I n s t i t u t i o n a t w h i c h d e p o s i t e d (tine b a r s ) .
San Francisco.

PhiladelDhia.

NewOrleans.

Total.

N e w Y'ork.

S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs.
9,990,781.83
856.59 2,990 112.21 6,999,813.03
42,264.97
227,819.90
126,970. 95
58,583.98

Philadelnhia
New York

59,440.57

Total

2,990,112.21

42,264.97

7,126,783.98

I n s t i t u t i o n a t w h i c h deposited,, u n p a r t e d b a r s .
Institution at
which manufac- • Philadel- 1
San
Denver. Helena. Seattle.
Total.
tured.
phia.
Francisco.

10,218,601.73

M i n t bars, s t a n d a r d
Philadel- bars. New
phia
Orleans.

Stand- Stand- Stand- S t a n d a r d ,
a r d OZK. a r d ozs. a r d ozs.
ozs.
4.79

Standard
ozs.

Total....'>

173. 39

132.87 1 117.61 173.39

310,810.02

109,396. 96

. 191,961.06

118,425.09

Standard
ozs.
43,321.24

154,902.81

43,421.24

9,028.13
110,508.07
25,392.70
29,468.11
1,621.17
1,287.97
21,001.61
112,507.47

9,028 13
iio,257 59
25,392 70
29,458 11
1,621 17
1,287.97
21,001.61
2,937.12

Standard'
ozs.
154,902.81

Standard
ozs.
4.79

Philadelphia
New York
Carson
Denver
Boise
Helena
Charlotte
s t Louis
Deadwood
Seattle

132.87

117 61

.
1

1
1

The following tables exhibit the weight and.value, of deposits and
redeposits of silver:
W E I G H T OF THE ORIGINAL DEPOSITS AND REDEPOSITS OF SILVER BULLION AT THE
MINTS AND ASSAY OFFICES OF THE UNITED STATES DURING THE FISCAL YEARS
1902 AND 1903, AND THE INCREASE OR DECREASE OF THE S A M E DURING THE L A T T E R
YEAR.
Fiscal year.
Classification of d e p o s i t s of silver.

I n c r e a s e , 1903. Decrease, 1902.
1902.

1903.

Domestic:
Unrefined
Refinery bars
Refined bullion
D o m e s t i c coin:
Purchased
Treasury transfers
Trade dollars purchased
H a w a i i a n coin. T r e a s u r y t r a n s f e r s
Foreign bullion:
Unrefined
Refined
F o r e i g n coin
Jeweler's bars, old plate, etc

S t a n d a r d ozs.
450,531.01
84,587.38
1,048,281.02

S t a n d a r d ozs.
460,767. 77
147,964.80
10,316,299.27

S t a n d a r d ozs.
10,236.76
63,377.42
9,268,018.25

2,750.34
2,525,019.26
108. 72

3,284.20
2,274,524.68
219.37
512,984.59

533.86

1,280,025.88
32,616.57
639,366 20

1,233,83L62
16.59
24,298.22
696.786.27

57,420 07

T o t a l o r i g i n a l deposit."^

• 6,063.186 38,

15,670,977.38

9,912,698 19

1,073,764.87
203,006. 67
1,719.91
339,723.09

10,218,601.73
154,902.81
43,421.24
310,810.02

* .9,144,836 86

Total redeposits

1,618,214.54

10,727,736.80

9,186,538 19

T o t a l silver o p e r a t e d u p o n

7,681,400.92

26,398,713.18

19,099,236 38

,

O R I G I N A L DEPOSITS.

Standardozs.

250,494.58
110 65
512,984 59
46,194.26
16 69
8,218.35
304,907.19

REDEPOSITS.

Fine bars
Mint bars
Standard bars
U n p a r t e d bars




:

48,103.86
41,701 33
28,913.07
77,016. 93
•381,924.12

DIRECTOR OF T H E

287

MINT.

VALUE OF THE ORIGINAL DEPOSITS AND REDEPOSITS OF SILVER BULLION AT THE
MINTS AND ASSAY OFFICES OF THE U N I T E D STATES DURING THE FISCAL YEARS
1902 AND 1903, AND THE INCREASE OR DECREASE OF THE SAME DURING THE LATTER Y E A R .
Fiscal year—
I n c r e a s e , 1903. D e c r e a s e , 1903.

Classification of d e p o s i t s of silver.
1902.

1903.

O R I G I N A L DEPOSITS.

Domestic:
Unrefined
:
^
Refinerv bars
Refined b u l l i o n '.
Domestic coin:
Purchased
Treasury transfers
Trade dollars purchased
H a w a i i a n coin Treasury transfers
Foreign bullion:
Unrefined
Refined . . .
Foreign coin
J e w e l e r ' s b a r s old p l a t e , etc

$524,254.22
98,428.95
1,219,817.92

$536,166.10
172,177. 21
12,004,420. 97

$11,911.88
73,748.26
10,784,603.05

3,200.40
2,938,204. 21
126.51

3,821.62
2,646,719.62
255.27
596,927. 52

621.22

1,489,484.65
37,837.16
743,989. 76

1,435,731.33
19.30
28,274.28
810,805.87

66,816.11

; 7,055,344.08

18,235,319.09

11,534,776.10

1, 249,47L 85
236,225.95
2,001.35
395,314.14

11,890,736.55
180,250.54
50,-526. 53
361,669.83

10,641,264.70

Total redeposits

1,883,013.29

12,483,183.45

^ 10, 689,789.88

T o t a l silver o p e r a t e d u p o n

8, 938,357. 37

30, 718,502. 54

22,224,565. 98

T o t a l o r i g i n a l deposits

$291,484.59
128.75
596.927.52
53,753.32
19.30
9,563.18
354,801. 09

REDEPOSITS.

Fine bars
Mint bars
s t a n d a r d bars
Unparted bars

55, 975.41
48,525.18
33,644.31
89,'619 72
.

444,420.81

DEPOSITS OF GOLD SINCE 1 8 7 3 .

The value of the deposits of gold bullion, coin, and jewelers' bars at
the mints and assay offices of the United States, by fiscal years, since
1873 is exhibited in the following table:
DEPOSITS OF GOLD AT UNITED STATES' MINTS AND ASSAY OFFICES SINCE
Fiscal
year
ended
J u n e 30—
1873.
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
18S5
1886
1887
1888
3889
1890
1891
] 892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903

1873.

C h a r a c t e r of g o l d d e p o s i t e d .
].)omestic
bullion.

Domestic
coin ( c o i n i n g
value).

$28,868,569.78 $27,116, 948. 27
6,275, 367.29
29,736,387.82
1,714,311.50
34,266,124.52
417, 947.15
37,590, 529.39
447,339. 68
43,478,103.93
301,021.79
48,075,123.76
198,083.17
38,549, 705.89
209,328.82
35,821,705.40
440,776. 97
.35,815,036.55
599,356.80
31, 298,511. 97
374,129.23
32,481, 642. 38
263,117.17
29,079, 596.33
325,210. 97
31,584,436.64
393, 545. 28
32,456, 493. 64
516,984.63
32,973,027.41
492,512. 60
32,406,306.59
585,066.87
31,440,778.93
655,474.96
30,474,900. 25
31,555,116.85
583,847.16
31,961,546.11
657,967. 86
33,286,167. 94
792,470.43
38,696,951.40
2,093, 615.46
44,371,949.83
1,188,258.21
53,910, 957. 02
1, 670,005. 53
60,618,239. 77
1,015,314.39
69,881,120. 57
1,187, 682.99
76,252,487. 23
1,158, 307. 57
87,458,836.23
1,389,096. 68
92,929,695.86
1,116,179.86
94,622,078.39
1,.488,448.16
96,514,298.12
960, 907. \)b

T t a l . 1,428,456,426.50 56, 528, 625.40
Digitized foroFRASER


Foreign
bullion.

F o r e i g n coin
(U.S. coining
value).

$426.107.44
3,162, 519.92
739,439. 66
1,141, 905. 76
1,931,163.12
2,068, 679.05
1,069, 796.89
21,200, 997. 23
37, 771,472. 26
12,783,807. 04
4, 727,143. 22
6,023,734.45
11,221,846.45
4,317,068.27
22,571,328.70
21,741,042.44
2,136,516.66
2,691,932.29
4,054,822.86
10,935,154.69
2, 247, 730. 78
15, 614,118.19
14,108,435.74
6,572,390.14
9,371, 621.03
26,477,370.06
30,336,559.47
22,720,150.22
27,189,659.12
18,189,416. 9U
16,331,058. 92

$518,542.14
9,313,882.47
1, 111, 792.26
2,111,083.80
2,093,260.73
1,316,46L09
1,498,819. 71
40,426, 559.63
55,462.385. 74
20,304,810.78
6,906,083.80
9,095,461.45
7,893, 217.77
5,673, 565.04
9,896,512. 28
14,596,885.03
4,447,475.99
5,298,773.93
8,256,303.80
14,040,187.70
6, 293,296.33
12,386,406.81
2,278,614.07
3,227,409.06
13,188,013.86
47,210, 077.84
32,785,152.48
18,834,495. 53
27, 906, 489.13
13,996,162.21
8,950,595. 28

Jewelers'
bars, old
plate, etc.

Total.

$57,704,385.88
$774,218. 25
49,142,511.06
654,353. 56
38, 556,293.90
724,625.96
41,943,285.42
681,819.32
48,787,778.71
837, 911.25
52,669,217.89
907,932.20
42,254,156.80
937,751.14
98,835,096.85
1,176, 505. 77
130,833,102.46
1,343,430.93
66,756, 652.95
1,770,166.36
46,347,106.05
1,858,107.42
46,326, 678. 66
1,864, 769.26
52,894, 075. 09
1,869, 363. 26
44,909, 749. 23
2,069, 077.00
68,223,072. 87
2, 265,219.85
72,225,497.56
2,988,750.90
42,136,435.76
3,526,597.31
42,663.095. 26
3,542,013.83
48,485,800.82
4,035,710.15
3, 636; 603.68
61,131,460. 04
3,830,176.02
46,449,841.50
3,118,421.45
71,909,513.31
3,213,809.43 , 65,161,067. 28
3,388, 622.06
68,769,383.81
2,810,248.66
87,003,337. 71
2,936,943.37
147,693,194.83
2,964, 683.90
143,497,190.65
^.517,540.93
133,920,119. 59
3,959,656.64
153,101, 680. 61
4,284, 724.22
132,580,829.88
4,247,582.64
127,004,442.91

36i, 874,888.97 407.318,777.74 75,737,336.72 2,329,916,055.33

288

REFORT ON T H E FINANCES.

DEPOSITS OF SILVER AT UNITED STATES MINTS AND ASSAY OFFICES BY FISCAL YEARS
SINCE 1885, REPORTED IN F I N E OUNCES.
C h a r a c t e r of silver d e p o s i t e d .
Fiscal year
e n d e d J u n e 30—

1885
1886
1887
1888 ..•
1889
1S90
1891
1892
1893 . .
1894
1895
1896
5897
1898
1899
1900
1901
1902
1903

Jewelers'
bars, o l d
plate, etc.

F i n e ounces. F i n e ounces.
1, 627,619
678,741
1,145,017
216,015
1,1.27,213
6,848,585
1,290,390
1,202,177
1,063,900
394,346
1,852,155
466,302
1,767,908
637,652
5,036,246
1,556, 618
1,738,711
5,346,912
994,901
5,012,960
1,362,141
3,015,905
3,170,768
680,757
2,208,953
626,085
1,243,050
209,987
6,060,986
716,077
3,587,992
1,088,019
2,613,570
1,306,149
2,275,090
1,162,023
a 2, 611,911
1,110,463

F i n e ounces.
24,943,394
25,101,639
29,293,372
28,921,649
29,606,387
29,187,135
60,667,116
56,817,548
56,976,082
......
15,296,815
6,809,626
4,420,770
•-..
3,914,985
2,116,690
5,584,912
. .
4,977,978
2,466,749
1,425,060
9,832,529

Total

Total.

Foreign
coin.
F i n e ounces.
867,856
» 628,545
271,166
67,549
328,276
951,162
1,970,912
349,652
505,171
422,725
15,291
150,942
101,157
6,808
19,382
44,704
4,250,196
29,265
21,869

F i n e ounces.
336,981
361,316
396,656
485,190
502,223
526,270
633,073
572,661
582,728
467,958
580,126
604,386
473,765
249,468
484,751
557,831
567,647
575,430
627,108

F i n e ounces.
28,454,591
27,452,532
36,936,992
31,966,955
31,895,132
32,983,024
55,676,661
64,332,725
65,149, 604
22,195,359
11,783,088
9,027,623
7,324,935
3,826,003
12,866,108
10,256,524
11,204.311
5,456,868
14,103,880

22,416,133

11,002,628

9,585,557

482,892,915

Domestic
com.

Domestic
bullion.

388,360,436

61,528,161

Foreign
bulhon.

a Includes 461,686 fine ounces Hawaiian coin.

COINAGE OF THE UNITED STATES.

The following table exhibits the domestic coinage during the year
by denominations, pieces, and value:
DOMESTIC COINAGE OF THE MINTS OF THE U N I T E D STATES DURING THE FISCAL Y E A R

1903.
Value.

Denomination.
Gold:
Double eagles
Eagles
Half eagles
'
Quarter eagles
Dollars (Louisiana Purchase Exposition).

5,135,112

17,972,786.00
2,978,476.50
2,710,196.25
2,335,078.50
25,996,536.25

31,786,725
89,535,493

Total.
Minor:
5-cent nickels.
1-cent bronze .

45,721,773.00

58,121,308

:

$24,443,540.00
6,34l3,080.00
14,227,945.00
456,950. 00
250,258.00

17,972,785
5, 956,953
10,840,785
23, 350,785

Total
Silver:
Standard dollars.
Half dollars
Quarter dollars...
Dimes

1,222,177
634,308
2,845,589
182,780
250,258

1,589,336. 25
895,354. 93

Total.

121,322,218

2,484,691.18

Total coinage.

184,578,638

74,203,000.43

In addition to the above coinage the mints at Philadelphia and San
Francisco coined for the Philippines the following:
Denomination.
Pesos
60 c e n t a v o
20 c e n t a v o
10 c e n t a v o
5 centavo
1 centavo
5 centavo

.
--


Total


^

N u m b e r of
pieces.
7,286,365
1,101,595
501,282
1 001 542
2 6.51 020
3 541 020
3,100,020
19,182,844

289

DIRECTOR OF T H E MINT.

The mint at Philadelphia also executed the following for the Governments of Venezuela and Colombia:
For Venezuela, 500,000 five-bolivar and 250,000 two-bolivar silver
pieces.
For Colombia, 960,000 twenty-centavo and 400,000 five-centavo silver
pieces.
All the standard silver dollars embraced in the above table were
coined from the balance of the silver bullion on hand purchased under
the act of July 14, 1890, and contained 15,445,362.12 standard ounces
of silver, costing $12,577,389.90. The seigniorage or profit on this
coinage was $5,395,395.10, which has been deposited in the Treasury
of the United. States.
Of the subsidiary coinage executed during the year, $5,111,084 were
from bullion received from the Treasury for recoinage and $2,509,000
from silver bullion purchased under the provision of section 3526
of the Kevised Statutes and under the act of July 14, 1890, $403,000
from Hawaiian coins redeemed and melted, and $667.25 from silver
purchased, partings, charges, and fractions.
The loss on the recoinage of $970,468 in worn and uncurrent gold
coins was $9,560.05, and the net loss on.the recoinage of $3,013,103.38
in worn and uncurrent silver coins was $178,811.04, for which the
Treasury of the United States was reimbursed from the appropriation
for that purpose. On the transfer from the Treasury of $619,000 in
Hawaiian coin there was a gain of $19,239.
The number of pieces of domestic coin manufactured b}^^ the mints of
the United States duringthe fiscal years 1902 and 1903, and the increase
or decrease in the number of pieces coined in the last year named are
shown in the following table:
COINAGE OF THE MINTS OF THE UNITED STATES "BY PIECES DURING THE FISCAL YEARS
1902 AND 1903, AND THE INCREASE* OR DECREASE OF THE SAME DURING THE LATTER
YEAR.
Fiscal year.
Classification of coinage.

Gold coins
Silver dollars
Subsidiary silver coins
Minor coins

Decrease,
1903.

Pieces.

Pieces.
293,439
1,430,015
• 8,661,131

Pieces.
6,135,112
17,972,785
40,148,523
121,322,218

3,543,717

191,419,506

;

1903.

Pieces.
5,428,551
19,402,800
48,809, 654
117, 778,501

'

Total

Increase,
1903.

1902.

184,578,638

3,543,717

10,384,585

The value of the domestic coinage manufactured b}^ the mints of the
United States during the fiscal years 1902 and 1903, and the increase
or decrease in the nominal value of the coinage during the years named
is shown b}^ the following table: ^
COINAGE OF THE MINTS OP THE UNITED STATES BY VALUE DURING THE FISCAL YEARS
1902 AND 1903, AND THE DECREASE OR INCREASE OF THE S A M E DURING THE L A T T E R
YEAR.
Fiscal year.
Classification of coinage.
Gold coins
Silver dollars
Subsidiary silver coins'..:
Minor coins


Total
http://fraser.stlouisfed.org/
FI 1903
19
Federal Reserve Bank of St. Louis

Increase,
1903.

1902.

1903.

$61,980,572.60
19,402,800.00
10, 713,569.45
2,429, 736.17

$45,721,773.00
17,972,785. 00
8,023,751.26
2,484,691.