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ANNUAL REPORT

Secretary of the Treasury

STATE OF THE FINANCES

Fiscal Year Ended June 30, 1904.

WASHINGTON:
GOVERNMENT




PRINTING

1905.

OFPICE,




TREASURY D E P A R T M E N T ,

Document No. 2381.
Secretary.

4

A ^0

oo]srTE]srTS
Page.
RECEIPTS AND EXPENDITURES

1

Fiscal year 1904
Fiscal year 1905
Fiscal year 1906

1
6
6

OPERATIONS OF THE TREASURY

7

NATIONAL BANKS

9

Condition of national-banking associations

12

M I N T SERVICE

^

13

Domestic coinage
Subsidiary coinage
Gold bullion in redemption fund
Coinage for Philippine Islands and foreign governments
Deliver mint
Deposits, earnings, and gains
LOANS AND CURRENCY

".

13
14
15
17
17
17

.•

„

18

PUBLIC MONEYS

20

ENGRAVING AND PRINTING

20

CUSTOMS

1

21

Consolidation and reorganization of districts
Board of General Appraisers
Licensing customs brokers
Appraisers' conference; unif®rm practices throughout Service
Special, agents; prevention of frauds

'

21
23
23
23
23

INTERNAL REVENUE
PUBLIC BUILDINGS

24
^

•

25

Hall of records

27

PUBLIC H E A L T H AND MARINE-HOSPITAL SERVICE

27

Personnel
Expenditures
National quarantine service
Smallpox
i
Yellow fever
Plague
Inspection of vaccine virus, serums, etc
Laboratory
Annual conference with State authorities

...'.

'

28
28
29
29
29
30
30
31
31

LIFE-SAA^ING SERVICE . . ^

31

REA^ENUE-CUTTER SERVICE

33

Vessels
Personnel
"Wireless telegraphy
Destruction of derelicts




..-

'

33
35
36
36
III

IV

CONTENTS.
Page.

SECRET SERVICE

36

DISTRICT OF COLUMBIA

37

STATE BONDS AND STOCKS OAVNED BY THE UNITED STATES

37

CENTRAL PACIFIC DEBT

38

TERRITORY OF^HAWAII

38

AUDIT OP ACCOUNTS OF THE ISTHMIAN CANAL COMMISSION

38

EXPOSITION LOAN

39

....:

INTERPARLIAMENTARY UNION

39-

REVENUES

39

CURRENCY

40

B A N K NOTES OF SMALL DENOMINATIONS

41

TRUST COMPANIES

,

PANAMA BONDS

-..
i

41
42

_..

PNEUMATIC TUBES

_ _.

43'

AssAA^ OFFICE AT N E W YORK
DRAAVBACK

43
—:,

43

Tables accompanying the rex>ort.
TABLE A.—Statement of t h e outstanding principal of the public debt of the
United States J u n e 30, 1904
TABLE B.—Statement of t h e outstanding principal of the public debt of the
United States on the 1st of January of each year from 1791 to
1843, inclusive; and on the 1st of July of each year from 1843 to
1904, inclusive
l
TABLE C.—Analysis of t h e principal of the public debt of the United States
from July 1, 1856, to July 1, 1904
TABLE D.—Statement of the issue and redemption of loans and Treasury notes
(by AA^arrants) for t h e fiscal year ended J u n e 30, 1904
TABLE E.—Statement showing the purchase and redemption of bonds on
account of the sinking fund during each fi.scal year from its institution in May, 1869, to and including J u n e 30, 1904
TABLE F.—Sinking-fund account for fiscal year 1904
TABLE G.—Population, net revenue, and net expenditures of the Government
from 1837 to 1904, and per capita of the revenues and per capita
of expenditures
.'
TABLE H . — I n t e r n a l ancl customs revenue and expenses of collecting from 1858
to 1904
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 m o n t h ; the monthly
redemption of legal-tender notes in gold, and the imports and
exports of gold from January, 1879, to June, 1904,. inclusiA^e
TABLE J.—Statement of receipts of the United States from March 4, 1789, to
J u n e 30, 1904, by calendar years to 1843 and by fiscal years
(ended J u n e 30) from that time
TABLE K.—Stateinent of expenditures of the United States from March 4, 1789,
to J u n e 30, 1904, by calendar years to 1843 and by fiscal years
(endeci J u n e 30) from t h a t time
TABLE L.—Statement of the net disbursements (by Avarrants) cluring t h e fiscal
year ended J u n e 30, 1904
TABLE M.—Statement of the coin and paper circulation of the United States
from 1860 to 1904, inclusive, with amount of circulation per
capita




47

59
60
64

65
74

75
76

77

86

90
94

97

CONTENTS.

V
Page.

TABLE N.—Statement of United States bonds and other obligations received
and issued by the office of the Secretary of the Treasury from
November 1, 1903, to October 31,. 1904.
TABLE 0.—Statement showing the aggregate receipts, expenses, average number of persons employed, and cost to collect internal revenue
in the several collection districts during the fiscal year ended
J u n e 30, 1904
TABLE P.—Statemerit of customs business for the fiscal year ended J u n e 30,
1904........
REPORT OF THE TREASURER

99
100

107-285

Condition of the Treasury
Revenues and expenditures for 1903 and 1904
Comparison of income and outgo
,
Transactions in the public debt
Ordinary and debt transactions combined
Revenues and expenditures for the first quarter of 1904 and 1905
.
T h e reserve and trus,t funds
Redemption of notes in gold
^
General fund—cash in the vaults
Net available cash balance 1890 to October 1, 1904
Exchange into consols of 1930 in 1904
Exchange into consols of 1930 since 1900
Bonds redeemed before maturity
T h e public debt 1903, 1904, and first quarter of 1905
Payments on account of Panama Canal
Loan to the Louisiana Purchase Exposition Company
Calls on banks for part of deposits
Bonds held as security for bank circulation and deposits
National banks, by groups .
Bonds for deposit, by groups
^
Classification of depositaries, by States
State and municipal bonds for public deposits
Duty on bank notes paid
T h e monetary stock 1903, 1904, and first quarter of 1905
Ratio of gold teetotal stock of money
Gold in the Treasury from 1897
Gold deposits in mints and assay offices 1902, 1903, and 1904
Gold coin in use as currency
Money in circulation from 1890
Circulation and population
.^.
K i n d s of currency
•.
Withdrawal of Treasury notes
•
Classification of currency of | 2 0 and below, and above |20, since 1 9 0 0 , . . .
Ratio of ^10 and less to all paper.
Demand for small bills
.'
Denominations outstanding September 30, 1904
Action of Department to supply small bills
Banks are helpful
Supply of small denominations not equal to demand
Changes in denominations
Congress can provide remedies
Cost of paper currency
,.
Average life of Government paper currency
Average life of national-bank notes




98

107
107
107
108
109
109
110
110
Ill
112
113
114
115
115
116
116
116
116
117
118
119
120
120
121
121
122
122
123
123
124
125
125
126
127
127
127
127
128
128
129
129
129
130
132

YI

CONTENTS.

REPORT OF THE TREASURER—Continued.

. Page.

Paper currency prepared for issue
Paper currency issued 1903, 1904, and first quarter 1905
Paper currency redeemed 1903, 1904, and first quarter 1905
Percentage of value of notes and certificates redeemed
-.
Receipts from customs at the port of New York
Imports and exports of gold
Transfers for deposits in New York
Exchange paid for gold received at western mints and assay offices
Gold received in San Francisco paid for by exchange on New York
Shipments of currency from Washington, 1903 and 1904
—
Redemption and exchange of all kinds of money
Exchanges for the governmeiit of the Philippine Islands
Redemption of national-barik notes
-.
National-bank notes outstanding and increase, 1900 to 1904
National-bank notes presented for redemption, and increase, 1900 to 1904.
Movement.and exchange of standard silver dollars
Movement and redemption of subsidiary silver coins
Minor coins outstanding and redeemed and cost of transportation
Silver and minor coins in good supply
Demand for new coins
^.
The recoinage, 1903 and 1904
Spurious issues detected in the fiscal year
Central Pacific Railroad notes and bonds
Special trust funds
District of Columbia sinking fund
The work of the Treasurer's office

133
134
135
136
136
137
137
141
145
146
147
148
148
150
150
151
152
15S
154
154
155
155
156
156
157
158

Appendix to Tep)ort of the Treasurer.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.

1.—Revenues and expenditures for the fiscal year 1904..-.
2.—Net ordinary revenues and expenditures for each quarter of thefiscal year 1904
3.—Receipts and expenditures on account of the Post-Office Department for the fiscal year 1904
4.—Post-Office Department.Avarrants issued, paid, and outstanding for
the fiscal year 1904
*
5.—Receipts and disbursements of each kind of money on all accounts
at the Treasury in Washington for the fiscal year 1904
6.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in Baltimore for the fiscal year 1904.
7.—Receipts and disbursements of each kind of. money on all accounts
at the subtreasury in NCAV York for the fiscal year 1904
8.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in. Philadelphia for the fiscal year 1904
9.—Receipts and disbursements of each kind of money on all accounts
at. the subtreasury in Boston for the fiscal year 190.4
10.—Receipts and disbursements of each kind of money on all accounts
at t h e subtreasury in Cincinnati for the fiscal year 1904
11.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in Chicago,for the fiscal year 1904
12.—^^Receipts ancl disbursements of each kind of money on all accounts
at the subtreasury in St. Louis for the fiscal year 1904
13.—Receipts ancl disbursements of each kind of money on all accounts
at the subtreasury in New Orleans for the fiscal year 1 9 0 4 . . . . .




159
159
16G
160
161
162
16S
164
165
166
167
16S
169

CONTENTS.
REPORT OF THE TREASURER—Continued.

No. 14.—Receipts and disbursements of each kind of money on all accounts
at the subtreasury in San Francisco for the fiscal year 1904
No. 15.—Total receipts and disbursements of each kind of money on all
accounts at t h e Treasury offices for the fiscal year 1904
No. 16.^Assets and liabilities of the Treasury offices, J u n e 30, 1904
No. 17.—Assets of the Treasury in the custody of mints and assay offices,
J u n e 3 0 , 1904
No. 18.—General distribution of the assets and liabilities of the Treasury.
No. 19.—Distribution of the general Treasury balance, J u n e 30, 1904
No. 20.—A Available assets and net liabilities of the Treasury at the close of
June, 1903 and 1904......
No. 21.—Assets and liabilities of the Treasury in excess of certificates and
Treasury notes at t h e close of June, 1903 and 1904
No. 22.—Unavailable funds of the Treasury and Post-Office Department.
No. 23.—Gold coin and bullion in the Treasury at the end of each month,
from January, 1895
No. 24.—Sih^er coin and bullion in the Treasury at the end of each month,
from January, 1895
No. 25.—United States notes, Treasury notes, and national-bank notes in
the Treasury at the end of each month, from January, 1 8 9 5 . . .
No. 26.—Goid certificates, silver certificates, and currency certificates in
the Treasury at the end of each month, from January, 1895 . .
No. 27.—xAssets of the Treasury other than golcl, silver, notes, and certificates at the end of each month, from January, 1895
No. 28.—Assets of the Treasury at the end of each month, from January,
1895
'.
No. 29.—Liabilities of the Treasury at the end of each month, from January, 1895
No. 30.—Assets of the Treasury in excess of certificates and Treasury notes
at the end of each month, from January, 1895
No. 31.—United States notes of each denomination issued, recleemed, and
outstanding at the close of each fiscal year, from 1890
No. 32.—Treasury notes of 1890 of each denomination issued, redeemed,
and outstanding at the close of each fiscal year, from 1891
No. 33.—Gold certificates of each denomination issued, redeemed, and
outstanding at the close of each fiscal year, from 1890
No. 34.—Silver certificates of each denomination issued, redeemed, and
outstanding at the close of each fiscal year, from 1890
No. 35.—Currency certificates of each denomination issued, redeemed, and
outstanding at the close of each fiscal year, from 1890
No. 36.—Amount of Unitecl States notes, Treasury notes, and gold, silver,
and currency certificatesof each denoraination issued, redeemed,
and outstanding at the close of each fiscal year, from 1890
No. 37.—Amount of paper currency of each denomination outstanding at
the close of each fiscal year, from 1890
No. 38.—Old demand notes issued, redeemed, and outstanding a t t h e close
of each fiscal year, from 1890
No. 39.—Fractional currency issued,.redeemed, and outstanding at the close
of each fiscal year, from 1890
No. 40.—United States paper currency outstanding at the close of each
fiscal year, from 1890
No. 41.—Estimated stock of gold coin and bullion at the end of each
month, from January, 1895




VII
Page.

170
171
172
173
174
174
175
175.
176
177
179
181
183
185
187
189
191
193
197
199
201
204

205
209
212
213
213
214

YIII

CONTENTS.

REPORT OF THE TREASURER—Continued.

No. 42.—Estimated stock of silver coin at the end of each month, from
January, 1895 . . ,
No. 43.—United States notes. Treasury notes, and national-bank notes
outstanding at the end of each month, from January, 1895
No. 44.—Gold certificates, silver certificates, and currency certificates outstanding at the end of each month, from January, 1895
No. 45.—Estimated stock of all kinds of money at the end of each month,
from January, 1895
No. 46.—Estimated amount of gold and silver in circulation at the end of
each month, from January, 1895
No. 47.—United States notes, Treasury notes, and national-bank notes in
circulation at the end of each month, from January, 1895
No. 48.—Gold certificates, silver certificates, and currency certificates in
circulation at the end of each month, from. January, 1895
.
No. 49.—Estimated amount of all kinds of money in circulation at the
end of each month, from January, 1895
No. 50.—Estimated amount of gold and gold certificates, silver and silver
certificates, and notes and currency certificates in circulation at
the end of each month, from January, 1895
No. 51.—Changes in the A^olume of money in circulation from internal
expansion and contraction and from imports and exports of
golcl during each month, from January, 1895
No. 52.—United States notes and Treasury notes redeemed in gold, and
imports and exports of gold during each month, from Jariuary,
1895
No. 53.—United States notes and Treasury notes redeemed in gold, and
imports and exports of gold during each fiscal year, from 1890.
No. 54.—Treasury notes of 1890 retired by redemption in silver dollars,
and outstanding, together Avith the silver in the Treasury purchased by such notes, for each month, from January, 1895 . . .
No. 55.—Transactions betAveen the subtreasury and clearinghouse in NCAV
York during each month, from January, 1895
No. 56.—Amount of each kind of money used in settlement of clearinghouse balances against the subtreasury in New York d.uring
each month, from January, 1895
No. 57.—Monthly receipts from customs at NCAV York and percentage of
each kind of money receiA^ed, from Jannary, 1895
No. 58.^—Subsidiary silver coin of each denomination in each office of
t h e Treasury and Mint J u n e 30, 1904
No. 59.—Minor coin of each denomination in each office of the Treasury
and Mint J u n e 30, 1904
No. 60.—Statement of the silver coin presented for exchange or redemption since July 1,1890
No. 61.—Shipments of silver coin from each office of the Treasury and
mints from July 1, 1885
No. 62.—Shipments of silver coin from the Treasury offices and mints
. during each fiscal year from 1890, and charges thereon for
transportation
^
No. 63.—Balance in theTreasury, amount in Treasury offices, and amount
in depositary banks from 1789 to 1904
No. 64.—National banks designated as depositaries of public moneys, with
the balance held by each September 30, 1904




Page.

216
218
220
222
224
226
228
230

232

234

236
237

238
240

242
244
246
246
246
247

247
248
250

CONTENTS.
REPORT OF THE TREASURER—Continued.

,

No. 65.—Number of national banks with semiannual d u t y p a i d , by fiscal
years, and numlier of depositaries with bonds as security, by
fiscal years
No. 66.—Average amount of national-bank notes in circulation, and
amount of duty paid thereon, during the fiscal year 1904, by
national banks, in each State and Territory
No. 67.—Receipts and disbursements of public moneys through nationalbank depositaries, by fiscal years, from 1890
1
No. 68.—Ofd clemand notes of each denomination issued, redeemed, and
outstanding J u n e 30, 1904
No. 69.—Fractional currency, of each denomination issued, redeemed, and
outstanding J u n e 30, 1904
No. 70.—Compound-interest notes of each "denomination issued, redeemed,
and outstanding J u n e 30, 1904
No. 71.—One and, two year notes of each denomination issued, recleemed,
and outstanding J u n e 30, 1904
No. 72.—United States paper currency of each class, together Avith one and
tAVO year notes and compound-interest notes issued, redeemed,
and outstanding J u n e 30, 1904
No. 73:—Seven-thirty notes issued, redeemed, and outstanding J u n e 30,
1904
No. 74.—Coupons from United States bonds and interest notes paid during
the fiscal year 1904, classified by loans
No. 75.—Checks issued for interest on registered bonds during the fiscal
year 1904
No. 76,—Interest on 3.65 per cent bonds of the District of Columbia paid
during the fiscal year 1904
No. 77.—Refunding certificates issued under the act of February 26, 1879,
converted into bonds of t h e funded loan of 1907, purchased
and outstanding
^
No. 78.—Bonds received in.exchange for consols of 1930 during the fiscal
year 1904
' No. 79.—Public debt at the close of June, 1903 and 1904, and changes
during the year
^•.•.
No. 80.—PubUc debt September 30, 1904, and changes since J u n e 30, 1904.
No. 81.—United States bonds retired, from May, 1869, to J u n e 30, 1904..
No. 82.—Bonds and other securities retired for t h e sinking fund during
the fiscal year 1904, and total from May, 1869
No. 83.—Bonds called, redeemed, and outstanding J u n e 30, 1904
No. 84.—Public debt, exclusive of certificates and Treasury notes, at the
end of each month, from January, 1895
No. 85.—Lawful money deposited in the Treasury each month of the
fiscal year 1904 for the redemption of national-bank notes
No. S6.—Disbursements from redemption accounts of national banks
each month of the fiscal year 1904
No. 87.—National-bank notes received for redemption from the principal
cities and other places each month of the fiscal year 1904, in
thousands of dollars
,
No. 88.—Redemptions and deliveries of national-bank notes each month
of the fiscal year 1904
No. 89.—Redeemed national-bank notes delivered^ from the ^Treasury
each month of t h e fiscal year 1904
'.




IX
Page.

260

261
261
262
262
262
262

263
263
263
263
264

264
264
264
265
266
267
268
271
272
273

273
273
274

X

CONTENTS.

REPORT OF THE TREASURER—Continued.

*

Page.

No. 90.—National-bank• notes received for redemption from the principal
cities and other places, by fiscal years, from 1890, in thousands
of dollars
:
No. 91.—Result of t h e 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 t h e National Bank Redemption Agency, by fiscal years, from 1890
No. 94.—Deposits, redemptions, assessments for expenses, and transfers
and repaj^ments on account 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 b a n k s failed, in liquidation, and reducing circulation, by fiscal years, from 1890
No. 96.—Expenses incurred in t h e redemption of national-bank notes, by
fiscal years, from 1890
No. 97.—General cash account of the National Bank Redemption Agency
for t h e fiscal year 1904, and from July 1, 1874
No. 98.—Assets and liabilities of t h e 5 per cent redemption fund of national banks at t h e end of each month, from January, 1 8 9 5 . . .
No. 99.—National-bank notes outstanding at the end of each month, and
monthly redemptions, from January, 1895
No. 100.—Average amounts of national-bank notes redeemable and
amounts redeemed, by fiscal years, from 1890
No. 101.—National-bank notes outstanding, by months, for the fiscal
years 1903 and 1904, and t h e amount and per cent of increase
in 1904
No. 102.—National-bank notes presented for redemption, by months, for
the fiscal years 1903 and 1904, and the amount and per cent of
increase in 1904
No. 103.—Percentage of outstanding national-bank notes redeemed and assorted each fiscal year, from 1894, by geographical divisions..
No. 104.—AA'erage 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 '
t h e principal cities and other places, by months, from January, 1895
No. .106.7—Changes during t h e fiscal year 1904 in the force employed in
t h e Treasurer's office
No. 107.—Appropriations made for t h e force employed in t h e Treasurer's
office, and salaries paid during t h e fiscal year 1904
REPORT OF THE DIRECTOR OF THE M I N T

Coinage of t h e year.
Denver mint
New Orleans mint
Minor coinage at all mints
Minor coinage metal fund
Subsidiary coinage
Uncurrent silver dollars
Gold bullion in redemption fund
Philippine and foreign coinage
Earnings and expenditures




274
274
275
275

275

276
277
277
278
280
281

281

281
282
283

283
285
285

287-450

i

287
287
287
288
288
288
290
290
291
291

CONTENTS.
REPORT OF THE DIRECTOR OP THE MINT—Continued.

Details of operations
Deposits of gold bullion, fiscal year 1904
Uncurrent domestic gold coin for recoinage
Deposits of foreign gold bullion
Deposits of foreign gold coin
Deposits of jewelers' bars
Redeposits of gold bullion . . ^
Recapitulation of gold deposits
Deposits and purchases of silver
Uncurrent domestic silver coin for recoinage
Hawaiian coin for recoinage
Deposits of foreign silver bullion
Deposits of foreign silver coin
Redeposits of silver bullion
_
Recapitulation of silver deposits
Deposits of gold since 1873
Deposits of sih^er at United States mints and assay offices since 1885
Coinage of the United States
Coinage of the United States, Aveight and A-alue, since 1873
Recoinage of standard silver dollars
Recoinage of uncurrent coin
Bars manufactured
Work of Government refineries
Silver bullion on which charges were collected
Purchase of silver
Balances of silver bullion
Market price of silver, fiscal year 1904
Distribution of sih^er dollars . . . ^
,
Circulation of silver dollars
Seigniorage on silver coinage
Appropriations and expenditures
_
Appropriations and expenditures of the Office of the Director of the Mint,,
fiscalyear 1904
Earnings and expenditures, mints and assay offices
Classified statement of expenditures
Imports and exports of the precious metals
Movement of gold from port of New York
Stock of money in the United States
Ownership of metallic stock
^Stock and location of the metallic and paper money in t h e United States.
Stock of gold and silver in the United States since 1873
World's stock of money December 31,1903
Gold and silver used in the industrial arts
Exchange of gold bars for gold coin
World's industrial consumption of precious metals, 1903
Product of gold and silver in the United States in 1903
Product of gold and sih^er from mines of the United States since 1 8 6 0 . . . .
World's production, 1901, 1902, and 1903
World's production of gold and silver since 1860
World's coinage, 1901, 1902, and 1903.'
World's coinage by calendar years since 1873
Foreign coins melted by certain countries
Recoinages of the Avorld
Imports and exports of precious metals of principal countries, 1903




XL
Page.

292
292
292
293
293^
294
294
294
295
296
296
296
296
297
297
298
299
299'
302:
303:
303
304
304
304
305
308
308i
310
310'
311
311
313"314
315
316
319
320^
321
322'
323.
323326
329
330
330
331
331
332
333:
333334
334
335-

XII

CONTENTS.

.REPORT OF THE DIRECTOR OF THE MINT—Continued.

Values of foreign coins
Laboratory of the Bureau of the Mint
Proceedings of t h e assay commission, 1904
Operations of the mint of the United States at—
Philadelphia, Pa
'.....
San Francisco, Cal
New Orleans, La
Operations of t h e assay office of t h e United States at—
New York, N. Y .*
Carson, Nev
•.
Denver, Colo
Boise, Idaho
.Helena, Mont
Charlotte, N. C
'
St. Louis, Mo
DeaclAA^ood, S. Dak
Seattle, Wash
b u l l i o n operations, legal alloAvance and Avastage, fiscal year 1904
Quantity of metal operated upon, Avastage, and loss, fiscal year 1904
.Summary of the work of the minor assay offices
Melts of gold and sih^er for ingots made and condemned
Wastage and loss on sale of sweeps
Heceipts of gold bullion, 1904
Disposition of gold bullion, 1904
Monetary legislation
Principal changes in foreign monetary systems

Page-.

336
338
339
341
353
360
365
370
371
371
372
373
373
374
374
376
376
377
378
378
378
379
379
380

u4p2?endix to report of the Director of the Mint.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.

1.—rDepositsand purchases of gold and silver, by weight
384
2.—Deposits and purchases of gold and silver, by A-alue
386
3.—Deposits of unrefined gold of domestic production, by.Aveight
388
4.—Deposits of unrefined gold of domestic production, by value
388
5.—Deposits of unrefined silver of domestic production, b y A e i g h t . . .
V
390
6.—Deposits of unrefined silver of domestic production, by value
390
7.—Bars manufactured, by Aveight.
392
8.—Bars manufactured, b y A-alue
392
9.—Uncurrent domestic coins, by denominations and face values,
received from t h e Treasury a,nd purchased over t h e counter
394
10.—Quantity and cost of silver used in coinage of silver dollars, and .
seigniorage on same, fiscal year 1904
c 396
11.^Coinage, six months ended J u n e 30, 1904
398
12.—Coinage, fiscal year 1904
398
13.—Earnings and expenditures, fiscal year 1904
400
14.—Assets and liabilities, fiscal year 1904
402
15.—Seigniorage on silver, fiscal year 1904
404
20.—Summary of imports arid exports
405
21.—Highest, lowest, and average, price of silver each year since 1833. 405
22.^Highest, loAvest, and average A-alue of a silver dollar each year
since 1873
,
406
23.—Value of pure silver in a silver dollar at prices per ounce fine
from 10.50 to $1.2929
. 406
24.—Ratio of silver to gold each year since 1687
:
407




CONTENTS.

XII.r

REPORT OF THE DIRECTOR OF THE MiNT^Continued.

Page.

No. 25.—Average price of an ounce of gold in London ancl equiA^alent
value in United States since 1870
No. 26.—Gold coinage value of an ounce of fine silver at various ratios . . .
No. 27.—Bullion value of t h e silver dollar at t h e annual average price of
silver from 1837
No. 28.—Amount, cost, average price, and bullion A-alue of a silver dollar
of silver purchased since 1878
_
No. 29.—Deposits of unrefined gold and silver of domestic production
from organization of mint, by States ancl Territories, to June
30, 1904
No. 30.—Production of gold and silver in the United States since 1792, by
years
No. 31.—Coinage of nations, 1901, 1902, and 1903
No. 32.—World's production of gold and silver, 1901, 1902, and 1903
No. 33.—Production of gold and silver in t h e Avorld since 1493, fine ounces
and value
No. 35.—Coinage of t h e United States, by pieces and value, since 1792...
No. 36.—Coinage of dollars, fractional ancl subsidiary silver, by acts since
1792
.'
:
No. 3 7 . ^ A u t h o r i t y for coining, changes in weight and fineness, and
amo.unt coined for each coin
."
No. 38.—Coinage of t h e United States, by calendar years, from organization of mint
No. 39.—Monetary statistics of foreign countries
. No. 40.—Monetary systems of t h e principal countries of the Avorld
No. 41.—Summary of monetary CA^ents since 1786
REPORT OF THE COMPTROLLER OF THE CURRENCY

Condition of national banks
Analysis of reports
.<•.
,
Classification of loans
Reserve
Rates for money in New York
Clearing-house exchanges
Earnings, dividends, and taxes
Taxation of bank stock by States
Expenses of the Bureau
Shares and shareholders of national banks
Women shareholders of national banks
Organization of national banks
Conversion and reorganization of State banks
Voluntary liquidations, expiration, and extension of charters
Insolvent national banks
Capital, bonds, and circulation
Profit on national-bank circulation
Banks Avithout circulation
Life of national-bank and United States notes
Stock of money in the world
Stock of money in t h e United S t a t e s . . . :
Foreign banks of issue
Foreign savings banks
Foreign postal savings banks
Savings banks, British colonies
:
Banking power of t h e Avorld
State, savings, "private banks, loan and trust companies



408'>
409
409
409

410411
412'
413416
418.
418:
419
420^
442
446;
447

451-508-

.

1

451
452'
453>
454
454
455'
455'
456
458
458:
458
459
459'
464
469
472;
475
476'
476
476
477
479
480'
483
483
484
485

XIV

CONTENTS.

REPORT OF THE COMPTROLLER OF THE CURRENCY—Continued.

Page.

Consolidated returns from banks other than national
Comparative statement national and other banks in 1893, 1903, and 1904.
State and private bank failures
SaAangs banks
Growth of banking in t h e United States
Individual deposits in national and other banks, 1892, 1896, 1900, and 1904.
Building and loan associations
'..'
School saAdngs banks
Banking in t h e island possessions
Banking in Central and South America and t h e West Indies
Banks and banking in Japan
Conclusion
REPORT OF THE REGISTER OF THE TREASURY

486
487
487
488
493
495
497
498
498
500
505
506

509-528

Division of loans
509
Bonds issued and canceled
510
Four per cent bonds, funded loan of 1907, a n d 3 per cent bonds, loan of
1908-1918, refunded at 2 per cent.
511
Dividends of interest paid on registered bonds
T
513
Spanish indemnity certificates
513
Philippine land purchase bonds, 4 per cent
514
Packages received and sent
,.
514
Unissued bonds on hand at close of business J u n e 30, 1904
"
515
Division of note, coupons, and currency
515
Coupon bonds received and entered during t h e year
515
Exchanged, redeemed, and transferred coupon bonds
516
Redeemed detached coupons received during t h e year
517
Place of payment, number, and amount of coupons received during t h e
year
'.
517
. Number and amount of coupons on file J u n e 30, 1904
520
Different classes of notes received and destro^^ed
521
Gold certificates
523
Interest checks
523
Issue, redemption, and outstanding of A^arious old issues of t h e Government at the .close of the year
526
Redeemed vouchers on
file
527
Recommendations
. 528
REPORT OF THE COMMISSIONER OF INTERNAL REVENUE

529-547

Receipts and cost of collection
Receipts in large taxpaying districts
' Internal-revenue stamps
Claims for abatement, refund, and redemption of internal-revenue stamps.
Oleomargarine
Grape brandy for fortification of sweet Avines
Wood alcohol
Legislation for benefit of internal-revenue agents and storekeeper gaugers.
Receipts for first three months, current fiscal year
Cost of collection
Estimated expenses for next fiscal year
Salaries
Scale of salaries of collectors
„
Official force
.•
Storekeepers, gangers, etc




529
529
531
532
532
534
536
536
537
539
539
539
540
541
541

CONTENTS.
REPCRT OF THE COMMISSIONER OF INTERNAL REVENUE—Continued.

Miscellaneous expenses
Internal-reA^enue receipts during the last two fiscal years
WithdraAvals for consumption during t h e last tAvo fiscal years
Aggregate collections made and reported to the Commissioner of Internal
Revenue during the fiscal year ended J u n e 30, 1904:
By collection districts
By States and Territories
Amount of internal revenue collected in the several States, Territories,
etc., that have been consolidated Avith other districts, for the fiscal year
ended J u n e 30, 1904
Receipts for the past ten fiscal years




XV
Page.

541
542
544

545
546

546
547

ANNUAL REPORT ON THE FINANCES.
TREASURY DEPARTMENT,

Washington, D. C , December 6^ 190J/.,
SIR : I have the honor to submit the following report:
RECEIPTS AND EXPENDITURES.

Fiscal year 190^.
The revenues of the Government from all sources (by warrants)
for the fiscal year ended June 30, 1904, were:
From customs
|261,274,564.81
From internal revenue
'
232,904,119.45
From sales of public lands
7, 453,479.72
From profits on coinage, bullion deposits, etc
;
6,373,396. 28
From revenues of the District of Columbia
5, 454,344.47
From fees—consular, letters patent, and lands
4,202,730.39
From sales of Indian lands, proceeds of Indian labor, etc
3,112,720.76
From navy pension, navy hospital, clothing, and deposit funds
2,570,073.56
From tax on circulation of national banks
1,836,639.49
From payment of interest by Pacific railways
1,782,468.97
From trust funds. Department of State :
1,791,741.25
From immigrant fund
:.
1,662,835.01
From customs and navigation fees, fines, penalties, etc
831,572.41
From miscellaneous
•.
731,654.64.
From Soldiers' Home permanent fund
687,653.49
From sales of Government property
i..
547,774.22
From judicial fees, fines, penalties, etc
407,252.71
From sale of lands, buildings, etc
252,549.18
From deposits for surveying public lands
205,757.33
From tax on sealskins
197,260.70
From reimbursement of loan to Louisiana Purchase Exposition
Company
195,057.04
From license fees, Territory of Alaska
-.
168,975.43
From sales of ordnance material
129,843.06
From depredations on public lands
101,128.59
From Spanish indemnity
57,000.00
From part payment Central Pacific Railroad indebtedness
5,699,156.44
.
From postal revenues
Total receipts

540,631,749.40
143,582,624.34
684,214,373.74

The expenditures for the same period were:
For the civil establishment, including foreign intercourse, public
buildings, Panama Canal, collecting the revenues, District of Coluinbia, and other miscellaneous expenses
$180,264,172.06
For the military establishment, including rivers and harbors, forts,
arsenals, seacoast defenses, and expenses of the war with Spain
and in the PhiHppines
115,035,410.58
n 1904

1




1

^
Z

REPORT ON THE

FINANCES.

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
$102,956,101.55
For Indian Service
10,438,350.09
For pensions
•
'
142,559,266.36
For interest on the pubhc debt
24, 646, 489.81
For deficiency in postal revenues
6, 502,530.86
582,402,321.31
143, 582, 624.34

Por Postal Service
Total expenditures

725, 984, 945. 65

Showing a deficit of

41, 770, 571. 91

The sum of $50,000,000 was paid during the year for the right of
way of the Panama Canal.
In addition to the revenues collected during the year and the
amounts received on th^ indebtedness of Pacific railroads, the cash
in the Treasury was increased $1,190 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
One-year notes of 1863
Compound-interest notes
Refunding certificates
Funded loan of 1891, called
Funded loan of 1891, continued at 2 per ceut
Loan of 1904, called
Premium on bonds- exchanged—
Funded loan of 1907
Loan of 1908-1918
.-

•
!

-...
.-.

National-bank notes redeemed in. excess of deposits
Total




|1,990.75
150.00
870.00
110.00
1,300.00
7,000.00
18,607,200.00

$1,052,045.35
205, 532. 66
1,257,578.01
4,526,766. 00
24,402,964.76

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 1903, t h e r e c e i p t s for 1904 d e c r e a s e d
$10,406,743.90, as follows:
DECREASE IN RECEIPTS FOR
Source.

1903.

1904.

1904.

Increase.

Decrease.

Customs
$284,479,581.81 $261,374,564.81
$23,205,017.00
I n t e r n a l revenue
230,810,124.17 333,904,119.45 $3,093,995.38
6,373,396.38
Profits on coinage, bullion deposits, etc.
8,254,739.88
i,'88i,*343.'66
Tax on sealskins, and r e n t of fox
197,460:70
islands
386,233.40
88,772.70
3,113,720.76
719,451.93
Sales of Indian lands
3,393,368.83
547,774.22
113,478.01
Sales of Government p r o p e r t y
434,396.31
7,453,479.73
Sales of public lands.
-.
8,926,311.22
1,472,83L50
5,454,344.47
386,305.91
District of Columbia
5,168,038.56
N a v y pension, navy hospital, clothing,
269,672.39
3,570,073..!36
and depositfunds
2,300,501.17
153,897.17
4,202,730.39
Fees—consular, letters patent,and lands
4,048,833.22
101,128.59
130,015.67
Depredations on public lands
231,144.26
831,572.41
46,682.37
Custams fees, fines, penalties, etc
878,254.78
407,252.71
38,495.25
Judicial fees, fines, penalties, etc
368,757.46
306; 676.68
I m m i g r a n t fund
1,356,158.33 1.663,835.01
305,757.33
Deposits for surveying public lands . . .
305,701.
99,944.55
1.836,639.49
Tax on national banks
1,647,429.28
189,210.21
P a r t p a y m e n t Central Pacific Railroad
5,699,156.44
1,6J}3,806.88
indebtedness
4,066,349.56
785,371.18
P a y m e n t of interest by Pacific railways
997,197.79
1,783,468.97
Reimbursement by Louisiana Pur195,057.04
195,057.04
chase Exposition Company
289,730.82
353,549.18
37,181.64
Sales of lands and buildings
173,188.16
129,843.06
43,345.10
Sales of ordnance material
174,517.10
33,830.00
151,687.10
Sales of old vessels
743,139.39
687,653.49
55,485.90
Soldiers' Home p e r m a n e n t fund
38,55L04
5,463.73
33,088.31
Prize money
1,203,092.07
1,791,741.25
588,649.18
T r u s t funds, D e p a r t m e n t of State
38,500.00
57,000.00
28,500.00
Spanish indemnity
°
793,034.01
873,137.34
79,103.33
Miscellaneous
Total ordinary receipts, exclusive of postal revenues
Postal revenues
Aggregate r e c e i p t s .

560,396,674.40
134,224,443.24

540,631,749.40
143,582,624.34

7,480,470.44 27,245,395.44
9,358,18L10

694,621,117.64

684,214,373.74

16,838,651.54 27,245,395.44

Net decrease

10,406,743.90

T h e r e w a s a n increase of $85,661,495.37 i n e x p e n d i t u r e s , as follows:
INCREASE IN EXPENDITURES FOR
Object.

1903.

1904.

1904.
Increase.

Decrease.

CIVIL, ESTABLISHMENT.

Legislative$12,190,749.17 $11,869,631.31
Salaries and expenses
$331,117.86
Executive proper—
357,637.23
399,985.63
57,651.60
Salaries and expenses
P a n a m a Canal
50,164,500.00 $50,164,500.00
D e p a r t m e n t of S t a t e Salaries and expenses'
' 4,519.87
178,098.28
183,618.15
Foreign intercourse
987,362.85
3,204,522.01
4,191,884.86
Treasury D e p a r t m e n t 3,566,635.17
Salaries and expenses
....
3,564,094.95
3 540 22
Independent T r e a s u r y ,
704,203.54
753,953.15
49,749.61
Mints and assay offices
1,456,220.57
1,401,373.74
54 847 83
Territorial governments
261,591.08
181,336.18
80,254.90
Salaries, etc., internal revenue
4,346,139.89
4,384,545.74
38,405.85
2,370,682.57
599,876.63
"i," 770,'805." 95
Miscellaneous, internal revenue...'.
Rebate of t a x on tobacco
.3,886,99L14
345,277.35
3,541,713.79
Collecting customs revenue
8,468,710.19
8,665,636.37 '"i96,'926.'i8"
Refunding excess of deposits, customs
4,248,535.81
3,579,677.53
668 858 29
Debentures or drawbacks, customs
5,348,308.96
4,904,016.01
444,292 95
Miscellaneous items, customs
260,509.15
209,278.68
51,330.47
Revenue-Cutter Service
1,441,614.26
1,-524,763.53
83,149.37
N e w revenue vessels
205,057.17
153,275.15
51,783.03
Public Health and Marine-Hospital
Service
1,356,455.87
1,424,362.73
67,906.86
Life-Saving Service
1:746,841.19
1,779,443.69
33,603.50
E n g r a v i n g and p r i n t i n g
3,783,348.50
3,756,163.65
36,184.85




REPORT ON T H E FINANOES.
INCREASE IN EXPENDITURES FOR 1904—Continued.
Object.
T r e a s u r y Department—Co7^im^^e(Z.
Public buildings
Fuel, etc., public buildings
Custodians and j a n i t o r s
F u r n i t u r e for public buildings
National Museum
'.
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 and 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 Eicposition, New York
Louisiana P u r c h a s e Exposition, St.
Louis
South Carolina Exposition
?.
Suppressing bubonic plague, Hawaii
Miscellaneous items
*
.
W a r Department—
Salaries a n d expenses
Nav y 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
Reconstructing rooms of old Lib r a r y of Congress
Office building, House of Representatives
Miscellaneous items
Post-Office Department—
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 AgriculturesSalaries a n d expenses
W e a t h e r Bureau
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 Labor
National Bureau of Standards
P e r m a n e n t Census Office
Coast a n d Geodetic Survey
Light-House Establishment
Salaries a n d expenses, Fish Commission
Fish hatcheries
Steamboat-Inspection Service
B u r e a u of Immigration
Regulating immigration
Chinese-exclusion acts
Alien contract-labor laws.....°
,
Ellis Island, N e w York H a r b o r
Miscellaneous items
D e p a r t m e n t of Justice—
Salaries and 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..




1903.

1904.

Increase.

$7,679,721.24
907,984.32
1,085,044.49
270,856.35
255,037.93
101,850.00
147,717.85
302,972.35
557,342.13

$10,188,592.82
961,44-7.87
1,048,939.01
331,921.70
285,945.60
85,230.69
134,859.75
314,997.72
33,638.55

5,508,871.58
53,463.55

172,285.00
176,553.53

1,263.00
194,452.41

375,403.45
187,300.04
500,347.96

7,482.34
21,589.83
454.35

424,967.06
173,975.14

10,037,267.18
5,572.06

•

51,065.35
30,907.67

Decrease.

$36,105.48
16,619.31
13,858.10

13,035.37

524,703.58
171,022.00

17,898.88
367,920.11
165,710.21
499,893.61
9,613,300.13
168,403.08
1,000,000.00
142,903.47

1,000,000.00
905,592.61

762,689.14

3,062,025.73

3,489,757.62

498,762.44

559,148.60

60,386.16

4,933,929.83
3,619,628.49
268,517.23
1,-300,000.00

4,992,867.41
3,794,427.30
1,611,650.19
1,200,000.00

58,037.58
174,798.81
1,343,132.96

38,004.26

572,:

4,948.44

1.11

33,055.8
756,453.05

1,663,644.76

756,452.05
1,658,131.82

1,439,498.87
2,768,919.20

1,412,363.05
6,502,530.86

701,648.28

739,706.12

38,057.84

4,073,235.06
1,359,121.70

4,387,358.93
1,227,147.57

314,023.87

34 473.84
182; 084.49
163',645.48
1,345, 329.45
865, 215.78
4,537, 315.67

289,356.98
185,082.61
160,378.61
1,219,765.38
744,675.23
4,904,124.63

254,883.14
3,998.13

524, 798.31
55, 953.28
448, 605.88
14, 0.90
655, 428.42
262, 274.07
106, 718.89

520,312.66
73,136.81
389,741.73
18,389.66
1,233,433.42
459,588.99

3,718.66
577,994.00
197,314.93

158,067.10
228,540.16

°158,067.10
138,436.15

589,144.39

635,139.78

45,995.39
76,697.68

90,115.01

5,512.94
3,733,611.66

27,135.83

31,974.13

3,366.87
135,564.07
130,540.55

17,183.53

1,320,695.50

1,397,393.08

1,364, 915.99
820, 936.59

1,306,596.15
796,279.15

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

443,329.74
921,508.97
283,739.27
128,763.68
731,303.67
149,730.61
3,604.14
1,317,278.72

9,392,026.10

106,718.89

335,483.44

8,584,037.33

4,485.65
'58,'864.'is

807,987.78

•

58,319.84
34,657.44
31 604.87
30,544.81

134,944,389° 74 I 186,766,703.93 173,336,763.89

51,419.95"
3,391.93
80,306.97
3,997.89
16,550.02

11,504,350.71

SECRETARY OF T H E TREASURY.
INCREASE IN E X P E N D I T U R E S FOR 1904—Continued.
Object.

1903.

1904.

Increase.

Decrease.

National defense
E m e r g e n c y 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 D e p a r t m e n t
Sigiaal Service
Military telegraph a n d cable lines —
Military Academy
Improving harbors
Improving rivers
.,
Bringing home r e m a i n s of officers, soldiers, and others
Military posts
National homes for disabled soldiers..
State homes for disabled soldiers
S u p p o r t of Soldiers' Home
Soldiers' Home p e r m a n e n t fund
Soldiers' Home i n t e r e s t acconnt
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

801.69
76. 187.43
38,615, 763.10
157, 191.75
5,419,793.30
.69
30,832,
1,320,023.99
10,637, 105.75
1,083! 365.56
343; 930.85
384, 007.20
490, M 7
7,343,186.23
13,347,895.98

37,418, 380.58
•375: 800.60
5,446; 558.73
38,958; 335.61
1,338,716.38
13,815. 736.43
1,834; 384.97
56i; 408.93
363; 000.00
414, 713.73
8,556. 726.53
13,989; 329.41

90,993.13
1,824,432.09
3,938,294.04
1,031,365.4:3
743,139.39
254,000.00
98,638.37

11,969.65
3,118,087.68
4,404,370.09
796,339.99
687,653.49
331,800.00
110,186.99

217,853.35

39,305.73

178,546.63

6,364,609.31
693,946.00
3,000,000.00
1,330.334.45

3,534,633.51

»3,829,975.80
692,946.00
3,000,000.00
154,266.99

Total Military Establishment . . .

118,619,520.15

115,035,410.58

M I L I T A R Y ESTABLISHMENT.
$129,576.47
76,187.43
1,197,38.2.52

3,335.33
$118,608.85
26,765.53

1,864,577.08
18,693.39
3,178,630.67
743,119.41
317,478.08
122,007.20
76,267.45
1,314,540.30
1,741,433.43
79,033.48
1,393,655.59
465,976.05
235,115.44
55,485.90
77,800.00
11,548.63

1,076,057.46
8,107,248.82

11,691,358.39

N A V A L ESTABLISHMENT.

National defense
Emergency fund
Increase of t h e N a v y
Bureau of Yards 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 a n d Accounts
Bureau of Medicine and Surgery
Marine Corps
Naval Academy
P a y of t h e N a v y
J u d g m e n t s , b o u n t y for destruction of
enemies' vessels
J u d g m e n t s , Court of Claims and United
States c o u r t s
Miscellaneous items

1,872, 734.22
175, 132.01
26,667. 104.25
6,404,410.50
5,439,182.18
862,062.11
7,783,546.78
3,474,681.63
3,613, 724.40
5,701,472.94
541, 577.20
3,246,688.47
1,320,562.87
14,969,

Total N a v a l Establishment.

83,618,034.18

664.28

1,872,069.94
83,379.61

91,752.40
188.84 13,971,
779.34 1,393,368.84
990, 726.61
429, 908.79
637,434.48
499, 496.59
738, 688.00
512, 234.78
320, 634.74
795;316.37
149, 598.21
763, 322.61
616,264.30
317, 737.24
176, 237.36
717. 814.56
552, 295.58
798, 984.05
560, 434.53
880, 997.40
964.77
082.91

53,669.37

33,849.67

491,603.39

288,572.67
632,517.19

30,819.70
388,573.67
140,913.80

103,956,101.55 33,314,336.63

1,976,269.35

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

13,935.168.08
138,425,646.07
28,556,348.82

10,438,350.09
142,559,266.36
24,646,489.81

"3,'969,'859.'6i

Total o r d i n a r y expendj^tures, exclusive of Postal Service
Postal Service

506,099,007.04
134,324,443.24

582,402,321.31 107,881,969.63 31,578,655.35
-^,358,181.10
143,582,634.34

640,333,450.38

735,984,946.65 117,340,150.73 31,578,655.35

Aggregate expenditures.
N e t increase

2,496,817.99
4,133,620.:

85,661,495.37

NOTE.—Por purposes of comparison, t h e expenditures in 1903 for Bureaus t h a t were tra,nsferred t o t h e D e p a r t m e n t of Commerce a n d Labor a t t h e beginning of t h e fiscal year 1904 a r e
stated u n d e r t h e head of " D e p a r t m e n t of Commerce and L a b o r . "




6

REPORT ON THE

FINANCES.

Fiscal year 1905.
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

;
,

Total estimated revenues

$263,000,000.00
233,000,000.00
45,000,000.00
159,472,060.72
700,472,060.72

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

the civil establishment
the military establishment
the naval establishment
the Indian Service
pensions
interest on the public debt
Postal Service

'.:

|138,000,000.00
122,000, 000.00
122,000,000.00
13,000,000.00
140,000,000.00
24,000,000.00
159,472,060.72

.'

Total estimated expenditures

718,472,060.72

Or a deficit of

18,000,000.00

Fiscal year 1906.
It is estimated that upon the basis of existing laws the revenues of
the Government for the fiscal year 1906 will be:
From
From
Prom
From

customs
internal revenue
miscellaneous som-ces...,
postal revenues.
'

|270,000,000 00
240,000,000.00
45,000,000.00
170,590,515.00

Total estimated revenues

725,590,515.00

The estimates of appropriations required for the same period, as
submitted by the several Executive Departments and offices, are as
follows:
Legislative establishment
Executive establishment—
Executive proper
State Department
Treasury Department
War Department
Navy Department
Interior Department
Post-Office Department
Department of Agriculture
Department of Commerce and Labor
Department of Justice
Judicial establishment
Foreign intercourse
Military establishment
Naval establishment
Indian affairs
Pensions




;

$5,411,898. 50
^383,540. 00
225,620.00
10,239,914. 50
2,061,636.00
768,710. 00
5,311,769. 00
1,581,120. 00
6,419,810. 00
2,467,699.84
298,480. 00
29 758 299 34
' 934' 820.00
2,423,222. 72
72,705,156. 37
104,436,148.34
7,144,213. 02
138,250,100. 00

SECRETRRY OF THE TREASURY.
Public works—
Legislative
Treasury Department
War Department
Navy Department
Interior Department
Department of Commerce and Labor
Denartment of Justice

7

$7,000.00
8,862,184.34
22,876,834.40
10,094,490.00
261, 350.00
3,227,958.88
245,000.00
$45,574,817.62

Miscellaneous—
Legislative
Treasury Department
War Department
Interior Department
Department of Justice
Department of Commerce and Labor
District of Columbia

/

6,895,117.12
11,766,311.28
6,636,073.90
3,903,993.00
6,657,680.00
6,115,331.00
11,062,370.00

Postal Service, including $13,157,980 deficiency in postal revenues..
Permanent annual appropriations—
Interest on the public debt
|24,500,000.00
Refunding—customs, internal revenue, etc
12,505,000.00
Collecting revenue from customs
5,500,000.00
Miscellaneous, exclusive of sinking fund and
national-bank redemption fund (see n o t e ) . . . . 17,331,320.00

53,036,876.30
183,748,495.00

59,836,320. 00
Total estimated appropriations

703,260, 367.21

Or an estimated surplus of
22, 330,147.79
N O T E . — I n former years, the estimated redemptions of national-bank notes
($30,000,000 is estimated therefor in 1906) were included in the miscellaneous permanent annual appropriations, although the corresponding item, viz, deposits by
banks retiriug or reducing circulation, was not included in the estimated revenues.
Had the practice of former years been adhered to, a deficit of $7,669,852.21 would
have been estimated for 1906.

OPERATIONS OF THE TREASURY.

The available cash balance in the general fund June 30,1904, was
$172,051,568.02, which is less by $66,634,546.21 than the balance on
June 30, 1903. The Panama Canal payments, the redemption of the
outstanding 5's of 1904, and a change in the ratio of the revenues to
the expenditures contributed to this result.
Of the revenues in 1904, compared with 1903, customs show a
decrease of $23,205,017, and the receipts from public lands are less
by $1,472,831.50, while an increase appears in internal revenue of
$2,093,995.28, and in miscellaneous items of $2,818,928.25. The net
result is a decrease in ordinary revenues for the year of $19,764,925.
There was an apparent net increase in ordinary expenditures of
$76,303,314.27, but this includes the payment of $50,000,000 on
account of the Panama Canal and a loan of $4,600,000 to the Louisiana Purchase Exposition Company. The latter sum has since been
reimbursed.
For the first quarter of the fiscal year 1905, the revenues were
$138,034,462.37, the expenditures $155,891,077.37, an excess of
expenditures over receipts of $17,856,615.
The deposits in national banks to the credit of the general fund
attainedamaximumat$159,lll,708.15 onDecember 19,1903. Three




5

REPORT ON THE FINANCES.

calls were issued during the year on the depositary banks for the
return of a part of the public moneys deposited with them. They
responded with promf)tness, paying back the sums required of them,
and the balance in the banks to the credit of the general account at
the end of the fiscal year became $102,290,863.64, a reduction of
$56,820,844.51 from the maximum balance, and of $37,936,271.61 as
compared with that of twelve months before.
The trust funds are $85,015,700 greater at the beginning of the fiscal
year 1905 than twelve months earlier, by reason of an increase of
$85,510,700 in gold certificates, $5,770,000 in silver certificates, and
a decrease of $6,265,000 in Treasury notes.
Transactions in the interest-bearing public debt resulted in a net
reduction in the principal of $19,383,970 and a decrease in the
annual interest charge of $1,364,828.30.
The national-bank notes presented for redemption during the year
amounted to $262,141,930, or 61.12 per cent of the average amount of
the notes outstanding. Compared with 1903, this sum is $65,712,309,
or 33.45 per cent larger, and it is the maximum presented in any
year in the history of such redemptions. The total expenses were
$219,093.13, which sum was assessed upon the several banks in. proportion to their circulation redeemed, at the rate of $0.84716 for each
$1,000. This rate of expense is 5.546 cents less than the lowest rate
heretofore recorded. The national-bank notes presented for redemption during the first quarter of the fiscal year 1905 were $70,247,586,
an increase of $11,607,579, or 19.79 per cent, over the corresponding
period of 1904.
The total stock of money in the country at the close of the fiscal
year 1904 was $2,803,504,135, an increase of $118,793,148 over the
preceding year. The share of gold, which July 1, 1900, was 44.21
per cent, became 47.35 on the same date in 1904. A large part of
the increase in gold has settled into the Treasury vaults. Between
July 1, 1900, and July 1, 1904, the Treasury has gained in gold
$258,260,849.92, the total holdings of gold on the latter date amounting to $681,838,821.60, with a further increase to $721,253,987.88
on October 31.
The extraordinary amount of $42,193,282.94 in foreign gold coin
and bullion and $29,158,970.31 in domestic bullion was deposited in
the mint at San Francisco during the year and paid for by the local
office or by telegraphic exchange on NTew York.
The money in circulation July 1,1904, amounted to $2,519,142,860,
a per capita circulation of $30.77. The percentage of gold was 44.12,
A notable fact is that, with an addition of 1.7 per cent to the
population in the year, the increase in the circulation per capita has
been 4.5 per cent.
By October 1, 1904, there was a further increase in circulation of
$43,006,629, and the circulation per capita reached the maximum at
$31.16, while the share of gold became 44.03 per cent.




SECRETARY OF THE TREASURY.

9

The amount of public money of the denomination of $20 and under
in paper was increased during the year ended September 30, 1904,
by $41,395,213, or 3.17 per cent; of the denomination of $50 and over,
the growth was $106,335,725, or 29.01 per cent, owing to an unusually
large issue of gold certificates. The demand for small bills has been
unceasing, becoming more urgent in the autumn, as in other years.
The appeal is not confined to any particular district. It comes from
the cotton and sugar regions, as well as from the States which produce
wheat and corn, cattle and swine. The Department has employed all
its resources to respond to this demand; but the supply of small notes
is insufficient.
To assist in the movement of the crops, transfers of funds are
effected through the medium of the general fund, and for deposits
of large gold certificates in NTew York payments are made at other
Treasury offices of silver dollars, silver certificates, and United States
$10 notes.
The United States paper currency issued during the year amounted
to $650,026,000, an increase of 18 per cent, with a growth of 8.3 per
cent in the number of pieces. The redemptions were $565,340,300,
* an increase of 15.7 per cent, while in the number of pieces the growth
was 21.5 per cent.
The experience of the fiscal year 1903 shows the average cost for
each piece of United States paper currency issued and redeemed to
be less than 2 cents—exactly, 1.7005 cents.
Moneys received in the redemption and exchange account during
the year amounted to $1,014,158,262, an excess over the preceding
twelve months of $149,654,701, or 17.3 per cent. The payments in
gold in both forms were $164,209,708 more than the receipts in such
money.
The silver coin distributed at the expense of the Government for
transportation during the year amounted to $65,415,663, of which
$41,032,715 was in standard silver dollars and $24,382,948 in subsidiary coin. The rate for transportation was $1.93 per $1,000.
,

NATIONAL BANKS.

Since the issue of the first charter in 1863, 7,417 national banks
have been authorized to begin business, of which 5,457, with aggregate capital of $777,741,335, were in operation on September 30, 1904.
Of the total number of banks chartered, 6,252 were associations of
primary organization and 1,165 conversions of State banks.
Four hundred and sixteen associations, or 5.6 per cent of the total
number organized, have been placed in charge of receivers; and
from an examination of the records in the office of the Comptroller
of the Currency it appears that the creditors of insolvent banks,
the affairs of which have been fully settled, have received dividends
on their claims to the extent of 71 per cent, and, including offsets
allowed and loans paid, over 78 per cent.



10

REPORT ON THE FINANCES.

Approximately, 21 per cent of the number of national banks organized were placed in voluntary liquidation by action of shareholders in
conformity with law. The number of liquidations of all kinds has
been 1,544.
NTearly one-third of the total number of national-banking associations organized during the existence of the system—a period of over
forty-one years—were chartered subsequent to the act of March 14,
1900. This act contained provisions empowering the Comptroller of
the Currency, with the sanction of the Secretary of the Treasury, to
authorize, under certain conditions, the incorporation of nationalbanking associations with a minimum capital of $25,000, reduced
the annual tax on national-bank circulation, secured by the 2 per
• cent consols of 1930, from 1 per cent to one-half per cent, and authorized associations to issue circulating notes to the amount of the par
value of the security bonds.
Under authority of the act of March 14, 1900, and from that date
to September 30, 1904, there were incorporated and chartered 1,413
banks, with individual capital of less than $50,000, the average
being but slightly in excess of $25,000; and during the same period
740 banks, with individual capital of $50,000 or more, were incorporated, making the total number of charters issued in this period
2,153. Of the total of organizations, 246, with aggregate capital of
$16,179,800, were State banks converted into national-banking associations; 701, with capital of $43,166,000, reorganizations of State
or private banks, and 1,206, with capital of $63,391,500, banks of
primary organization.
In the year ended September 30, 1904, 445 banks, with aggregate
capital of $20,769,300, were chartered, of which 303, with capital of
$7,821,500, were organized under authority of the act of March 14,
1900. The remaining 142, with capital of $12,947,000, were banks
organized under the act of 1864 and with individual capital of $50,000
or more. Forty-four of the banks chartered during the year were
conversions of State banks; 153 reorganizations of State or private
banks, and 248 associations of primary organization.
The actual failures of national banks during the year from September 30,1903, to September 30,1904, numbered twenty-one. The capital involved, however, was only $1,615,000. M n e other associations
were temporarily in the charge of receivers, b u t their assets having been placed in a satisfactory condition, the receivers were discharged and the banks permitted to resume business. The number
of voluntary liquidations during the year was 65, and the aggregate
capital of banks closed in this manner was $32,635,000.
A summary of the organization of national-banking associations,
under authority of and subsequent to the date of the passage of the
act of March 14, 1900, classified by capital stock and also by States
and geographical divisions, is given in the following table:



11

SECRETARY OF THE TREASURY.

SUMMARY, BY STATES, GEOGKAPHICAL DIVISIONS, AND CLASSES, OF NATIONAL BANKS
ORGANIZED FROM MARCH 14, 1900, TO SEPTEMBER 30, 1904.
Capital
—$50,000.

States, etc.
No.
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

No.

Capital.

150,000

16

3,935,000

33

4; 075,000

30
30
110
5
15

760,000
535,000
3,843,000
146,000
403,000

39
14
J.39

-7,360,000
935,000
16,785,000

9
1

830,000
350,000

69
34
339
6
34
1

8,130,000
1,450,000
18,637,000
145,000
1,333,000
• 350,000

180

4,674,000

193 35,150,000

373

39,834,000

36
36
15
3
16
4
13
3
9
167
8
28
11

681,000
700,000
•385,000
75,000
450,000
130,000
313,500
80,000
335,000
4,480,000
300,000
735,000
385;000

19
19
3
6
13
10
18
;)10
9
75
9
14
7

1,460.000
1,480,000
150,000
810,000
1,166,000
1,300,000
1,400,000
1,335,000
900,000
6,300,000
950,000
3,430,000
630,000

,45
44
17
9
39
14
30.
13
18
343
17
43
18

3,141,000
3,180 000
535,000
885,000
1,615,000
1,330,000
1,713,500
1,305,000
1,125,000
10,680,000
1,150,000
3,145,000
805,000

337

Total E a s t e r n States
.»

.. .

Total Southern States
Ohio
Indiana
Illinois.
Michigan
Wisconsin
Minnesota
Iowa
Missouri

50,000

6

New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

,

.-

. Total Middle Western States

8,718,500

311 19,880,000

538

38,598,500

69
4^1
80
7
34
134
83
19

1,835,000
1,165,000
3,080,000
190,000
630,000
3,401,000
3,195,000
510,000

45 6,330,000
39 3,835,000
38 6,680,000
9 •3,680,000
16 3,100,000
17 1,750,000
37 1,636,000
13 3,085,000

114
73
118
16
39
151
110
31

7; 156 000
3,990,000
7,760 000
3,870,000
3,730,000
6,151,000
3,830 000
3,595,000

460

11,986,000

193 34,085,000

653

36,071 000
1,586,000
1,055,000
1,605,000
3,475,000
505,000
325,000
1,536,000
505,000
3,835,000
3,950,000

61
36
48
48
4
5
16
10
83
79

$35,000
35,000
50,000

$335,000
300,000
100,000
3,850,000
600,000
50,000

5
3
3
7
1
3

$350,000
335,000
150,000
3 850 000
500,000
100,000

Total W e s t e r n States

;

Total Pacific States
Hawaii
P o r t o Rico
Total Islands
Total United States




1,636,000
905,000
1,355,000
1,335,000
105,000
135,000
436,000
365,000
3,076,000
3,046,000

1
3
6
19
3
4
13
4
10
16

50,000
150,000
350,000
1,350,000
400,000
300,000
1,100,000
350,000
750,000
905,000

63
39
64
67
7
9
38
14
93
96

389

.
"

Washihgton
Oregon
California
Idaho
Utah
Nevada
Arizona

Capital.

3

,

Total New England States

N o r t h Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado"
New Mexico
Oklahoma
Indian T e r r i t o r y

No.

Total
organizations.

4
3
1
7
1
1

1
1
3

;

Virginia
West Virginia
N o r t h Carolina
South Carolina
Georgia
Plorida
Alabama.
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee

Capital.

Capital
$50,000+.

9,951,000

78

5,406,000

467

15,356,000

14
13
3

105,000
300,000
375,000
335,000
80,000

530,000
300,000
5,363,800
350,000
336,000
300,000
160,000

10
15
44
17
5
1
7

635,000
500,000
5,737,800
•575,000
305,000
300,000
355 000

4

105,000

6
3
30
4
3
1
3

50

1,390,000

49

6,897,800

99

8,187,800

1

35,000

1
1

500,000
100,000

3
1

535,000
100,000

2

600,000

3

635,000

1

35,000

1,413

36,794,500

a Bonds deposited, $30,594,300.

740 85,943,800 3,153 al33,737,300

12

REPORT ON THE FINANCES.

The increase of 361 in number of the active associations during
the year ended September 30, 1904, was attended by an increase in
capital stock of $16,324,240, or from $761,417,095 to $777,741,335.
The comparatively low price of 2 per cent consols prevailing during the year resulted in a material increase in the amount of
bonds deposited as security for circulation. The amount of United
States bonds on deposit for circulation on September 30, 1903, was
$381,484,830, and on September 30, 1904, $424,701,490, an increase of
$43,216,660. Circulation secured by bonds increased during the year
from $379,515,824 to $422,014,715, or $42,498,891. The total amount
of circulation outstanding—that is, covered by bonds and lawful
money—increased $35,652,873, or from $420,426,535 to $456,079,408.
The stock of money of the country on September 30, 1904, was
$2,835,333,734, of which the proportion of national-bank circulation
was slightly over 16 per cent.
The number of banks in operation, authorized capital stock, bonds
on deposit as security for circulation, average monthly market price
of 2 per cent consols, circulation secured by bonds and by lawful
money, and the aggregate circulation outstanding monthly from
October 31, 1903, to September 30, 1904, are shown in the following
table:

Date.

1903.
October 3 1 . . . .
November 30 .
December 31..
1904.
J a n u a r y 31 —
F e b r u a r y 29...
March 31
April 30
IMay 31
J u n e 30
July 31
August 31
September 30..

Number of
banks.

Capital.

5,147
5,159
5,184

$766,367,095
766,332,095
767,567,095

5,215
5,340
6,373
5,313
5,350
6,386
6,399
6,431
6,457

769,005,816
768,750,815
770,976,816
774,449,315
775,838,336
776,904,335
775,679,335
777,061,335
777,741,335

Bonds on
deposit.

Average Circulation secured by—
monthly
Total cirmarket
culation
price of 3
outstandLawful
per cent
Bonds.
ing.
money.
consols
of 1930.

$383,736,830 107.3686
384,635,930 106.8315
389,335,680 106.4379

$380,650,831
383,018,484
387,373,633

105.7300
105.1333
105.6396
106.8775
105.1458
105.4303
104.9n3
104.9491
105.3000

387,657,731
390,353,491
396,600,234
397,803,781
407,379,034
413,759,449
416,035,156
417,380,300
4^3,014,715

390,331,600
393,671,550
398,034,650
399,795,140
410,572,640
416,016,690
417,958,690
419,683,940
424,701,490

$38,959,863' $419,610,683
38,088,495 431,106,979
37,889,396
435,163,018
39,199,896
39,971,819
39,309,708
39,377,793
38,709,531
36,476,646
36,181,733
35,136,473
34,064,693

436,857,637
430,334,310
434,909,943
437,080,573
445,988,665
449,335,095
450,206,888
453,516,773
456,079,408

Condition of national-hanking associations.
On September 9, 1903, in response to the call of the Comptroller
of the Currency, national-banking associations to the number of 5,042
submitted statements of their resources a'nd liabilities. The paid-in
capital stock on that date was $753,722,658; surplus and undivided
profits, $556,371,449; individual deposits, $3,156,333,499; bank
deposits, $1,226,482,746; United States deposits, including deposits
of United States disbursing officers, $149,615,000, and aggregate liabilities, $6,310,429,966. The principal assets were as follows: Loans,




SEORETARY OF THE TREASURY.

13

$3,481,446,772; bondson deposit to secure circulation, public deposits.
United States bonds on hand, including other bonds, securities, etc.,
$1,078,197,073; specie, $397,556,167; legaltenders., $156,749,859.
On September 6, 1904, the number of reporting banks was 5,412,
an increase during the 3^ear of 370, with capital stock of $770,777,854.
The surplus and other undivided profits amounted to $583,137,047;
bank deposits, $1,561,252,341; individual deposits, $3,458,216,667;
United States deposits, $110,766,930. The only material reduction
in any of the items was in United States and other bonds deposited with the Treasury Department to secure public deposits, and the
amount of deposits so secured. Public funds on deposit with the
banks on September 6, 1904, amounted to $38,848,070 less than in
September, 1903, and there was a corresponding reduction in the
amount of securities on deposit. The deposits, bank and individual,
increased during the year $334,769,595 and $301,883,168, respectively,
an aggregate increase of $636,652,763.
Loans and discounts increased during the year to $3,726,151,419,
or approximately $245,000,000. The banks' investments in bonds,
stocks, and securities increased $79,135,069 to an aggregate of
$1,157,332,142. The holdings of specie in September, 1904, were
$504,748,935, or $107,192,767 greater than in September, 1903, and
consisted of $108,439,861 in gold coin, $228,732,020 gold Treasury
certificates, $80,969,000 gold clearing-house certificates, $19,075,560
silver coin, and $67,532,494 silver certificates. The change in the
holdings of legal tenders was nominal. The amount in the banks
in September, 1904, was $156,707,594, a decrease of $42,265 compared with September, 1903. The aggregate assets of the banks
increased during the year nearly $665,000,000, or from $6,310,429,966
to $6,975,086,504. On September 9, 1903, the banks held 26.60 per
cent in cash and with reserve agents and the Treasurer of the
United States, against deposit liabilities amounting to $3,863,512,112,
while on September 6, 1904, they held 28.28 per cent against liabilities aggregating $4,400,935,409.
MINT SERVICE.

Domestic coinagco
The domestic coinage of the mints during the fiscal year amounted
to 148,712,953 pieces, of the. value of $228,202,151.55. Of this,
$208,618,642.50 was gold coin, exceeding the gold coinage of any
previous year in the country's history. The coinage of standard silver dollars amounted to $10,101,650; of subsidiary silver, $7,719,231,
and of minor coin, $1,762,628.05. The silver dollars were all coined
from bullion purchased under the act of July 14, 1890. Of the subsidiary silver, $5,643,000 was likewise .coined from this bullion.



14

REPORT ON THE FINANOES.
Subsidiary coinage.

On November 1, 1904, the amount of bullion in the Treasury purchased under the^act of July 14, 1890, was 2,742,589.71 fine ounces,
which has a coining value in subsidiary money of $3,791,380.24.
The coinage of subsidiary coin during the last five fiscal years was
as follows:
1900
$12,876,849.15
1901
10,966,648.50
1902
10,713,569. 45
1903.
8,023,751. 25
1904
7,719,231.00
Total
50,300,049.35
From this it is apparent that steps must soon be taken to provide
bullion for the subsidiary coinage.
The original authority to buy bullion for tliis coinage is given in
.section 3526 of the Revised Statutes, which reads as follows:
SEC. 3526. In order to procure bullion for the silver coinage authorized by this Title,
the superintendents, with the approval of the Director of the Mint, as to price, terms,
and- quantity, shall purchase such bullion with the bullion-fund. The gain arising
from the coinage of such silver bullion into coin of a nominal value exceeding thecost
thereof shall be credited to a special fund denominated the silver-profit fund. This
fund shall be charged with the wastage incurred in the silver coinage, and with the
expense of distributing such silver coins as hereinafter provided. The balance to the
credit of this fund shall be from time to time, and at least twice a year, paid into the
Treasui-y of the United States.
This authorization was limited by the joint resolution of July 22,
1876, which restricts the stock of subsidiary coin and fractional paper
currency in the country to-$50,000,000. The monetary act of March
14, 1900, raised the limit on subsidiary coin to $100,000,000 and
authorized the use of bullion purchased under the act of July 14,1890.
I t reads as follows:
SEC. 8. That the Secretary of the Treasury is hereby authorized to use, at his discretion, any silver bullion in the Treasury of the United States purchased under the
Act of July fourteenth, eighteen hundred and ninety, for coinage into such denominations of subsidiary silver coin as may be necessary to meet the public requirements
for such coin: Provided, That the amount of subsidiary silver coin outstanding shall
not at any time exceed in the aggregate one hundred millions of dollars. Whenever
a«iy silver bullion purchased under the Act of July fourteenth, eighteen hundred and
ninety, shall be used in the coinage of subsidiary silver coin, an amount of Treasury
notes issued under said Act equal to the cost of the bullion contained in such coin shall
be canceled and not reissued.
The act of March 3, 1903, making appropriations for sundry civil
expenses of the Government, contained the following paragraph,
which is an enlargement of the authority conferred by the above
provision:
That the authbrity given to the Secretary of the Treasury to coin subsidiary silver
coin by the eighth section of an Act entitled ' 'An Act to define andfixthe standard of
value, to maintain the parity of all forms of money issued or coined by the United




SECRETARY OF THE TREASURY.

15

states, to refund the public debt, and for other purposes," approved March fourteenth,
nineteen hundred, may hereafter be exercised without limitation as to the amount of
such subsidiary coin outstanding.

In this connection, it may be pointed out that no provision now
exists for the recoinage of standard silver dollars which by natural
wear have become unfit for circulation. Many such are now in the
Treasur3\ They can not be recoined into dollars without loss, and
there is no authority to reimburse such loss. As the subsidiary coins
are of lighter proportionate weight than the standard silver dollars,
these abraded and uncurrent coins might be recoined into subsidiary
silver coin without loss. The small contraction in the circulation of
dolliars would be offset by the increase in subsidiary coin, and the
net result of the operation would leave the total money circulation
unchanged. I recommend that the Secretary of the Treasury be
given authority for such recoinage.
Gold bullion in redemption fund.
Section 2 of the monetary act of March 14, 1900, directs the Secretary of the Treasury to set apart in the Treasury a reserve fund of
$150,000,000 in gold coin and bullion, which shall be used for
redemption purposes only. The relative proportions of coin and
bullion to be maintained in the reserve are not here stated, but
apparently left to the discretion of the Secretary of the Treasury. In
section 6 of the same act, however, it is provided 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 gold certificates shall be suspended. This practically limits
the amount of gold bullion which may be held in the redemption
fund to $50,000,000. It is preferable that all bullion in the Treasury be carried in the redemption rather than in the general fund,
but the aggregate of bullion necessarily held in the several offices for
all purposes is so large that $50,000,000 is a narrow margin on which
to work. The mint and assay office service has twelve offices at which
gold deposits are constantly being received and in which some gold
bullion must always be on hand. It has four mints and one assay
office equipped with refineries, in which crude bullion, in greater or
less quantities, is at all times under treatment to prepare it for
coinage. The Mint Service manufactures fine gold bars for use in
the arts and manufactures, and during the last fiscal year sold
$21,640,644.40 worth for that purpose. A stock of bars of assorted
weights must be carried constantly in several offices to meet the wants
of this trade. It is the usual practice of bankers and exchange dealers who export gold to draw gold bars from the assay office in New York
for that purpose. Such withdrawals during the last fiscal year




16

REPORT ON THE FINANCES.

amounted to $62,101,585.02, and it is desirable to keep an ample
stock of bars in the New York office to meet this demand.
Another circumstance bearing on the situation is the fact that it
is not convenient for the mints to work upon gold and silver at the
same time. It is better practice to work upon the two metals alternately and not to be changing from one to the other more often
than is necessary. To do this it is necessary to acGumulate a fair
stock of gold at each mint before starting upon its coinage. These
conditions require such an amount of bullion on hand that it is
difficult to avoid having over fifty millions in the aggregate in all
the offices of the Treasury.
In this connection, I would invite special attention to the fact that
under the operations of the monetary act of 1900, and the policies of
this Department adopted in harmony therewith, a change has been
brought about in the incidence of the dem'ands upon the Treasury for
gold. The act of 1900 provided for resuming the issuance of gold
certificates, and on November 1, 1904, the amount of these certificates outstanding had risen to $531,479,969. On the other hand, it
has been the policy of the Department steadily to reduce the United
States notes of denominations above $10 to the ten-dollar denomination, until on November 1,1904, the amount of such notes outstanding
in denominations above $10 was only $82,017,787.
As the gold certificates are all in denominations of twenty dollars
and above, it is apparent that demands upon the Treasury for gold
are now likely to be made by the presentation of gold certificates
rather than by the presentation of legal-tender notes. It might be
supposed that this would relieve the reserve fund, but whether legaltender notes or gold certificates are presented, the actual demand for
gold is usually for bars. During the six months from January 1,
1904, to July 1, 1904, the Treasury gave $60,790,511 in gold bars in
direct exchange for gold certificates, while in the same time the
total presentations of United States notes for gold amounted to only
$6,591,240. The exchange of bars for gold certificates increases the
supply of coin in the reserve fund by the same amount that the supply of bars is diminished. It is evident from the conditions that in
the future any pressure upon the reserve fund will be for bars rather
than coin.
There has never been any persistent demand upon the Treasury
for gold except for export, and for that purpose bars are preferred
by the shippers, as they are sure to be of full weight, while all coin
that has been in circulation is more or less abraded. There is an
advantage to the Government also in supplying bars instead of coin,
as it saves the cost of coinage.
For the foregoing reasons it is recommended that section 6 of the
act of March 14, 1900, be amended by making it read that ''when


SECRETARY

OF THE TREASURY.

17

ever and so long as the gold coin and bullion 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." The effect of the proposed amendment would be to
vest in the Secretary of the Treasury discretionary power as to the
proportion of coin and bullion in the reserve, and it would be his
duty to keep at all times sufficient coin in the fund to meet the
demand.
Coinage for Philippine Islands and foreign governments.
At the request of the Secretary of War, the purchases of bullion
required for the silver coinage 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. There were
purchased from March 26, 1903, to J u n e 30, 1904, for this purpose
13,528,226.30 fine ounces of silver, costing $7,376,995.28. This bullion has been paid for by the government of the Philippine Islands.
There were also received during the fiscal year at the San Francisco
mint old silver coins withdrawn from circulation in the Philippine
Islands, amounting to 2,560,237.68 fine ounces, for conversion into
the new coinage. The total coinage for the Philippine Islands during the year was 12,552,629.80 pesos in silver and 663,843.77 pesos
in nickel and bronze. The Treasury has been reimbursed for the
cost of all this Philippine coinage. In addition to the foregoing, the
mint at Philadelphia coined 2,100,000 pieces in silver for Venezuela
and 630,^^000 pieces in nickel for Costa Rica.
Denver mint.
The new mint building at Denver has been completed since the
close of the fiscal year under review, and turned over to the Mint
Service. The organization of the institution has been completed, as
contemplated by the act of March 18,1904, except that no coiner has
been appointed. It is intended to begin coinage operations about
July 1, 1005, and the equipment is now being installed.
Deposits, earnings, and gains.
The original deposits of gold at the several mints and assay offices
aggregated $177,753,384.34—the largest ever made in one year.
The production of gold in the United States for the calendar year
1903 is estimated at $73,591,700, and the industrial consumption at
$29,063,551, of which $24,397,962 was of new material.
PI 1904

2




18

REPORT ON T H E

FINANCES.

Including the seigniorage on silver dollars, subsidiary silver coin,
and minor coin, the total earnings and gains of the Minb Service
during the year exceeded the expenditures by $5,012,604,34.
The earnings and gains were as follows:
Parting and refining charges
Alloy charges
Melting, assaying, and stamping charges
Seigniorage on standard silver bullion
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 coinage for Costa-Rica and Venezuela
Received for coinage for Philippine government
Total earnings and gains

|215,184.04
12,053.27
45,216. 99
3,032,495. 37
1,962,977.82
1,353,926. 53
2,177.83
67,852.25
5,389.36
3,315.50
13,951.17
7,245.48
13,755. 50
173,897.40
6,909,438.51

The expenditures were as follows:
Equipment, Philadelphia mint
Equipment (new machinery), San Francisco mint
Equipment, Denver mint
Transfer of gold coin and bullion between mints and assay offices
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 expenditures and loss

$4,083.69
5,491.14
40,374.13
70,439.88
1,268,032.37
391,395.04
70,384.80
36,072.90
138.18
10,422.04
1,896,834.17

LOANS AND CURRENCY.

The amount of the interest-bearing debt outstanding July 1,1903,
was $914,541,410. The amount July 1, 1904, was $895,157,440, a
reduction of $19,383,970, obtained as follows:
Five per cent bonds, loan of 1904, redeemed under authority of the circular of September 23, 1903
Five per cent bonds, loan of 1904, matured and ceased to bear interest
under Department circular of November 2, 1903
Four per cent refunding certificates redeemed in cash
Total
Issue of 4 per cent bonds, funded loan of 1907, on account of conversion
of accrued interest on refunding certificates
Net reduction

$14,712,450
4,672,600
110
19,385,160
1,190
19,383,970

The form of the debt was also changed during the fiscal year 1904
by 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, and in pursuance of the circulars of March 26 and
September 23,1903. Particulars of the operations under the circular
of March 26 are given in the last annual report. They were discontinued July 31, 1903. The amounts refunded under the circular



SECRETARY OF T H E

19

TREASURY.

of September 23 up to December 31, 1903, when operations were
discontinued, were as shown in the following table:
P o u r per
cent.

Total.

:, 337,600.00
638,739.77

$11,489,000.00
1,668,663.50

.$15,836,600.00
2,395,403.37

419,159.84
147,319.66
86,753.00
149,013.37

833,331.35
700,760.31
339,780.00
363,350.94

1,353,491.09
848,079.97
316,538.00
611,363.31

Three per
cent..
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
Interest to 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

The total amount of bonds refunded since March 14, 1900, under
the circulars of March 14, 1900, and March 26 and September 23,
1903, is shown in the following recapitulation:
Three per
cent.
A m o u n t refunded into 3 per cent consols
of 1930
Interest saved on old bonds to m a t u r i t y . .
I n t e r e s t to be paid on new bonds to mat 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

F o u r per
cent.

$119,360,000 $351,578,650
37,283,663
89,863,710
18,189,108
6,339,833
407,606
3,363,337

44,936,355
36,433,350
1,531,778
10,035,883

Five per
cent.

Total.

$73,071,300
13,050,355

$543,909,950
130,186,737

5,330,143
6,873,673

68,335,605
49,544,655
1,939,384
14,345,851

957,641

All of the bonds so refunded were received at a valuation equivalent to their present worth, on the date of receipt for refunding, to
realize an income of 2^ per cent per annum. The 2 per cent consols
of 1930 issued in lieu of the bonds surrendered were delivered at
par for those refunded under the circular of March 14, 1900, and
at a premium of 2 per cent for those refunded under the circulars of
March 26 and September 23, 1903.
The interest-bearing debt of the United States outstanding November 1, 1904, was $895,157,770. There were $531,246,440 in bonds held
by the Treasurer of the United States in trust for national banks as
security for circulating notes and deposits, leaving $363,911,330 in
the hands of other investors.
The changes in the amounts of the several kinds of money of the
United States outside the Treasury between November 1, 1903, and
November 1, 1904, are shown in the table following:
COMPAKATIVE STATEMENT SHOWING THE CHANGES IN CIRCULATION.
Classes.
Gold coin
S t a n d a r d silver dollars
Subsidiary silver
Gold certiflcates
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
N e t increase




In circulation In circulation
Nov. 1,1904.
Nov. 1,1903.
$631,753,397
78,916,739
96,236,458
401,646,299
462,363,039
16,780,175
340,961,343
408,738,518

$641,793,093
79,443,133
100,408,128
490,193,759
473,713,833
11,551,887
343,133,431
445,340,418

3,437,394,868

3,583,476,661

Decrease.

$5,338,288

5,238,288

Increase.
$30,039,796
636,384
4,172,670
88,547,460
10,350,793
1,171,078
36,501,900
161,310,081
156,081,793

20

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

The monetary operations of the Goverhment 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 858 national-bank depositaries. The amount of
public moneys held by the bank depositaries on June 30, 1904,
including funds to the credit of the Treasurer's general account and
United States disbursing officers, was $110,726,253.49, a decrease
since June 30, 1903, of $37,116,357.03. On June 30, 1904, there
were 270 regular and 570 temporary depositaries ; 158 were designated during the fiscal year and 18 discontinued. On November 1,
1904, the number of depositaries was 835, and the amount of public
moneys held by them was $114,558,481.84.
ENGRAVING AND PRINTING.

The deliveries by the Bureau of Engraving and Printing during
the fiscal year ended June 30, 1903, were 155,743,691 sheets. The
deliveries for t h e y e a r 1904 were 159,918,061 sheets, an increase of
4,174,370 sheets, or about 2.7 per cent.
The aggregate amount available for the operation of the Bureau
during the fiscal year from appropriations and repayments was
$3,178,567.12. The expenditures for all purposes connected with
the work of the Bureau amounted to $3,159,940.69, leaving an
unexpended balance of $18,626.43. The increase in expenditures
for 1904 over 1903 was less than 1 per eent. These results were
obtained without exceeding the regular annual appropriatiojis made
by Congress.
During the year a committee, composed of representatives of the
several offices for which the Bureau of Engraving and Printing
executes work, was appointed to verify the balances of securities
held by the Bureau on February 20, 1904. The committee was furnished with an ample force of counters and helpers, and took possession of the securities held by the Bureau on the morning of
February 21, 1904, and completed the count on the afternoon of the
22d. There were charged to the Bureau on the books of the Department at the close of work February 20, 1904, 8,921,156 sheets of
United States notes, silver certificates, and other securities representing money values. When the count was completed and the several items checked it was found that the securities on hand agreed
exactly with the items charged—every sheet was accounted for.
At the request of the Secretary of War, a series of silver certificates, authorized by the act of March 2, 1903, for the Philippine
Islands, was designed and engraved, and certificates to the extent
of 639,000 sheets were furnished.




SECRETARY OF THE TREASURY.

21

It has been necessary to continue the night force of printers and
assistants and to extend the time of a number of the day force to
secure the execution of the amount of work required. A contract
for the new building to the west of the present main building of the
Bureau has been made, and the structure will be completed early in
the next fiscal year. When this building is finished and occupied
the Bureau will be able to perform all of its work within the regular
hours.
The new laundry and stable provided by the act of March 3,1903,
have been completed and are occupied.
CUSTOMS.

Consolidation and reorganization of districts.
Improved service and the extension of immediate-transportation
privileges to certain parts of the country increased the expense of
collecting the revenue from customs for the fiscal year something
over $200,000 in round numbers. The average cost of collecting was
$0,033 per dollar—much more than it should be. The cost of collecting a dollar of internal revenue for the last fiscal year was $0.02,
a slight reduction over that for the preceding year. During the
fiscal year Congress added five ''immediate-transportation" ports,
requiring additional officers and expense, but affording to those
sections of the country additional facilities in the way of direct
importation of foreign goods. The gradual extension of the
immediate-transportation privileges to all parts of the country has
increased the fixed expenses of collecting the revenue from customs,
and has also increased the cost of supervision. Independent ports
have been established where subports tributary to a larger central
port would have been sufficient. These tributary ports are therefore
noAv maintained as independent ports on an unbusinesslike basis.
Much unnecessary expense could be eliminated by proper consolidation of small and expensive ports as subports dependent upon large
self-supporting ports. Congress should do this or authorize the
Executive branch of the Government to reorganize the customs districts upon an economical and businesslike basis. Precedent for
such authority is found in the act of Congress wherein the President
is authorized to rearrange the internal-revenue districts as follows:
SEC. 3141 (Rev. Stat). Forthe purpose of assessing, levying, and collecting the taxes
provided by the internal-revenue laws, the President may establish convenient collectiondistricts, and for that purpose he may subdivide any State, Territory, or the District
of Columbia, or may unite two or more States or Territories into one district, and may
from time to time alter said districts: Promded, That the number of districts in any
State shall not exceed the number of Representatives in Congress to which such State
was entitled in the Thirty-Seventh Congress, except in such States as were entitled to
an increased representation in the Thirty-Eighth Congress, in which States the number of districts shall not exceed the number of Representatives to which any such State
was so entitled': And p%ovided further, That in the State of California the President
may establish a number of districts not exceeding the number of Senators and Representatives to which said State was entitled, in the Thirty-Seventh Congress.




22

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

Since the foregoing statute became a law the number of internalrevenue districts has been reduced by Executive order from 131 to 63.
In my last annual report I called attention to the relatively large
expenditure incurred at various ports in collecting almost infinitesimal ainounts of revenue. During the past year, at the following
ports, it has cost more than a dollar to collect a dollar:
L I S T OF PORTS AT WHICH CUSTOMS EXPENSES EXCEED R E C E I P T S .

N a m e of port.

Alexandria, Va
Annapolis, Md
Apalachicola, Fla
Barnstable, Mass
Beaufort, N. 0
Beaufort, S. C
Brazos (Brownsville), Tex
Bridgeton, N . J
Burlington, Iowa
,
Burlington (Trenton), N . J
Castine, Me
Chattanooga, Tenn
Cherrystone (Cape Charles City), Va...
E a s t e r n (Crisfield), Md
E d g a r t o w n , Mass
,
F r e n c h m a n s Bay (Ellsworth),Me
Georgetown, S.C
,
Gloucester, Mass
:
G r e a t Egg H a r b o r (Somers Point), N . J
Humboldt (Eureka),Cal
,
Kennebunk, Me
L a Crosse, Wis
,
Machias, Me
Michigan (Grand H a ^ e n ) , Mich
Nantucket, Mass
,
N e w b u r y p o r t , Mass
,
N e w Liondon, Conn
:
,
Oregon (Astoria), Oreg
Pamlico (Newbern), N, C
Patchogue, N . Y
Plymouth, Mass
,
Portsmouth, N . H
,
Rock Island, Hi
Saco, Me
,
Sag Harbor, N. Y
"
St. Marys, Ga
Salem and Beverly (Salem), Mass
Sandusky, Ohio
Southern Oregon (Coos Bay), Oreg
Tappahannock, Va
Teche (Brashear), L a
Vicksburg, Miss
Waldoboro, Me
Wheeling, W. Va
Wiscasset, Me
York, Me

NumReceipts. Expenses. ber employed.
$1,173.23
14.00
1,469.13
448.35
1.65
1,377.37
4,850.66
723.51
91.11
81.77
693.84
90.80
39.00
23.70
233.79
323.84
46.01
15,384.39
; . 374.45
513.73
31.00
16.39
734.85
5,488.43
8.65
59.30
1,934.63
13,397.45
1,303.60
10.00
313.40
430.35
16.156
13.40
616.37
38.:.9
3,301.49
3,130.96
25.66
30.00
77.90
416.76
1,362.60
76.10
738.86
2.60

$1,256.74
1,196.96
3,564.36
3,634.09
1,509.38
3,413.36
32,004.59
1,494.80
504.75
163.80
4,400.78
519.95
954.59
2,707.88
2,547.97
3,606.16
638.34
17,814.00
1,116.16
3,104.78
51.00
363.02
4,311.47
9,005.79
378.00
556.30
5,111.45
13,812.78
5,902.46
488.50
1,696.76
4,751.30
716.96
439.90
1,143.49
590.. >4
5,904.01
4,387.04
1,309.80
763.41
3,029.75
625.50
6,751.69
1,333.47
3,333.43
363.56

Cost of
collecting one
dollar.

$1,071
85.496
3.436
^
8.083
7
973.739
2
3.478
4
6.598
36
2.066
6
5.540
2
2.003
2
6.352
6
5.726
2
32.917
3
119.390
2
11.386
4
11.137
5
13.874
3
1.166
14
4.052
2
6.044
1
1.645
2 1
33.743
2
5.871
5
1.641
14
44.311
1
9.397
2
3.643
5
1.039
13
4.904
5
48.860
2
5.111
2
11.306
5
43.034
2
33.838
2
1.854
3
20.949
2
2.565
6
2.012
3
51.044
2
25.414
2
88.893
3
1.505
1
4.955
7
16.309
2
4.376
3
105.434
1
3
3

I can not too strongly emphasize the need for systematic and economical reorganization of the Customs Service along the lines here
suggested.
Attention is again called to the desirability of change in the law
which makes Port Townsend the port of entry in the Puget Sound
district. The reasons for making Port Townsend a subport and creating Seattle the port of entry for that district were fully set forth
in my last annual report, and I will not repeat them.
The benefits of immediate transportation should be extended to
San Juan, P . R.



SECRETARY OF THE TREASURY.

23

Board of General Appraisers.
During the fiscal year under r^eview the work of the Board of
General Appraisers was reorganized by making a new arrangement of
the subboards and a change in their methods of doing business. By
means of this reorganization not only is the current work kept well
in hand and complaints of tedious delays removed, but inroads are
being made upon the accumulation of protests undecided in past
years. The number of cases decided has been doubled, and the
Board is gaining at the rate of 10,000 a year in decisions over the
number of protests received, whereas formerly fewer cases were
decided than received.
Licensing customs brokers.
I recommend 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.
Appraisers^ conference—Uniform practices throughout Service.
The Departmeht has given much attention during the past fiscal
'year to securing uniformity in practice at the various ports throughout the country, particularly in the appraisement of merchandise. To
that end examiners and appraising officers at various ports have had
numerous conferences on special subjects, and the representation at
the annual meeting of the appraisers at New York has been enlarged.
This has been at the expense of the general appropriation for the
collection of customs revenues. The benefits derived from these
conferences are so great that their continuation and enlargement are
matters of the very greatest importance in the proper enforcement
of the revenue laws. The present appropriation for this purpose is
only $1,200 per annum, and is clearly inadequate. The specific
appropriation should be made sufficiently large to enable all appraising officers and the other principal officers of the larger ports to
attend the annual conference.
Correct appraisements and practices at one port and not at another
are most demoralizing, for without uniformity the revenue is imperiled and importers in different sections of the country put upon an
unequal footing.
Special agents—Prevention of frauds.
Great effort has been made to protect the revenue by increased
activity and vigilance in the detection and prevention of frauds by
the division of special agents. The following summary of the work




24

REPORT ON T H E JFINANCES.

of the special agents during the fiscal year ended June 30, 1904,
compared with the previous year, is presented:
1903.

1904.

Increase-

N u m b e r of r e p o r t s t o D e p a r t m e n t
4,031
8,333
4,191
1,894
133
3,036
N u m b e r of seizures
$27, 979.79
Appraised value of seizures
873.95 $94,353.74
N u m b e r of arrests
96
55
41
49
N u m b e r of suits commenced
59
10
A m o u n t involved in suits
$104, 1.66.07
$183, 944.91 $387,110.98
N u m b e r of customs districts examined
60
60
13, 918.19
A m o u n t s recovered on account of suits
$5,447.41
$1, 539.33
A m o u n t s recovered on account of seizures
$31,377.97
$3. 473.98
$37, 803.99
A m o u n t s recovered from fines, penalties, and forfeitures..
$14,854.33
353.34
$6, 501.09
A m o u n t s recovered t h r o u g h undervaluation, improper
classification, etc
»
$634,095.45 $506,111.63 a$137,983.83
a Decrease.

Much of the detection and prevention of undervaluation has been
due to the efficient work of the special agents in foreign countries.
INTERNAL REVENUE.

The receipts from internal-revenue taxes for the fiscal year 1904,
as shown by collectors' reports, were $232,904,004.63, a net increase
over 1903 of $2,163,079.41.
The following items show increases for 1904: Distilled spirits, an
increase of $3,856,543.03; manufactured tobacco, an increase of
$1,140,998.51; fermented liquors, an increase of $1,535,602.69; adulterated butter, an increase of $1,755.30.
The following items show decreases for 1904: Oleomargarine, a
decrease of $252,685.86; filled cheese, a decrease of $2,902.03; mixed
flour, a decrease of $229.92; process or renovated butter, a decrease
of $10,^524.84; b a n k s a n d bankers, a decrease of $899.50; miscellaneous, a decrease of $4,104,577.97.
The total expenditure for the maintenance of the Internal-Revenue
Service for the fiseal year 1904 was $4,619,309.52. The cost of collecting $1 of internal revenue was $0.02.
The following table gives a comparative statement of receipts for
the fiscal years 1903 and 1904. For a more detailed statement reference should be made to the report of the Commissioner of Internal
Revenue.
R E C E I P T S FROM INTERNAL R E V E N U E IN 1903 AND 1904, AS SHOWN BY <
COLLECTORS'
REPORTS.
Fiscal year ended J u n e 30—
Objects of taxation.
Distilled spirits
Manufactured tobacco
Fermented liquors.
Oleomargarine
Filled cheese
Mixed flour
Adulterated butter
Process or renovated b u t t e r
Banks and b a n k e r s
Miscellaneous
Total

1903.

1904.

Increase.

$131,953,473.39
43,614,810.34
47,547,856.08
736,783.31
6,445.36
1,795.50
160.60
151,398.37
899.50
6,837,303.97

$135,810,015.43 $3,856,543.03
44,655,808.75
1.140,998.51
49,083,458.77
1,535,603.69
484,097.45
3,543.23
1,565.58
1,915.90
1,766.80
140,873.53

$230,740,925.33

$333,904,004.63

a 3,733,736.00

Decrease.

$353,685.86
2,903.03
339.93
10,524.84
899 50
4,104,577.97

$3,163,079.41

a i n c l u d e s $3,072,133.13 from legacies on which t h e t a x had accrued p r i o r t o t h e repeal of the act.




SECRETARY OF THE TREASURY.

25

The total production of distilled spirits, exclusive of fruit brandies,
was 134,311,952 taxable gallons, against 141,776,202.1 gallons in 1903,
a decrease of 7,464,250.1 gallons.
The production of fruit brandies decreased 1,237,411 gallons.
During the fiscal year 1904 2,172 distilleries of all kinds were
operated, a decrease of 269.
The production of beer was 48,265,168 barrels, an increase of
1,544,989 barrels.
PUBLIC BUILDINGS.

The construction of public buildings, conducted by this Department through the Office of the Supervising Architect, has assumed
large proportions under the impulse of recent legislation, notably the
act of J u n e 6, 1902. At the close of the fiscal year June 30, 1903,
the number of authorized buildings the construction of which had
not been begun was 132. With the force of draftsmen and technical
experts then employed by the Department in the Supervising Architect's Office it was an impossibility to meet the demands from all
parts of the country for the speedy beginning of actual constructive
work on these buildings. A necessary preliminary to an increase of
force was the provision of additional office space. Accordingly, in
response to a request from the Department, Congress, in the act
approved February 18, 1904, appropriated $12,000 for an extension
of the drafting room. The extension was completed in May, 1904,
so near the close of the fiscal year that the addition to the force had
little effect upon the number of buildings completed during that
year, but at this date it is possible to forecast, that (with some
further additions to the force, which will be made with as much dispatch as due care in the selection of skilled employees will allow)
by January 1, 1905, drawings and specifications will have been completed for all buildings authorized, and that with very few exceptions
these buildings will be under contract at the opening of the building
season of 1905. At the request of Members of Congress, who desire
further legislation relating thereto, or on account of legal questions
affecting the sites, the construction of a few buildings will be somewhat delayed.
Proceedings have been continued for securing drawings, specifications, and superintendence from private architects under the Tarsney
Act, and, as intimated in the last annual report, a number of competitions have been held for some of the smaller buildings in localities widely scattered from New England to the Pacific Coast. Sufficient information has been secured to show that in these cases the
competitive method is not as successfuL as it has proved to be in the
class of larger buildings. The careful inspection and repeated
revision by the Department of drawings and specifications, and the




26

REPORT ON THE FINANCES.

voluminous correspondence with the architects, have consumed so
much time and labor that the results secured have been more costly
and less satisfactory than if the work from its inception had been
carried out entirely by the Department.
The results secured during the fiscal year ended June 30, 1904,
through the Supervising Architect's Office, the conditions and progress
of buildings, and the expenditures on account of same appear in a
condensed form in the statements below.
The following fifteen buildings were completed during the year:
Abilene, Tex., post-office and court-house; Brunswick, Ga., customhouse and post-office; Creston, Iowa, post-office; Elmira, N. Y., postoffice and court-house; Emporia, Kans., post-office; Fergus Falls,
Minn., court-house and post-office; Fitchburg, Mass., post-office;
Helena, Mont., public building; Janesville, Wis., post-office; New
Brunswick, N. J., post-office; New Iberia, La., post-office; Newport,
Yt., court-house, post-office, and custom-house; St. Louis, Mo., exposition buildings; Tampa, Fla., court-house, post-office, and customhouse; Wilkesbarre, Pa., post-office.
In addition to the buildings noted as completed, extensions and
improvements, as authorized, have been finished at the public buildings at Alexandria, Va.; Beaumont, Tex.; Ellsworth, Me.; Jackson,
Miss.; Minneapolis, Minn.; Omaha, Nebr., and Richmond, Ky.; and
drawings and specifications have been prepared during the fiscal
year for extensions and improvements to public buildings at Bangor,
Me.; Jacksonville, Fla.; Kansas City, Mo.; Nashville, Tenn.; Rome,
Ga.; St. Paul, Minn., and the Bureau of Engraving and Printing,
Washington,- D. C.
Extensions are^also in course of erection at 20 public buildings,
and these are not included in the statement below as buildings in
course of erection. Of these extensions,-13 are under contract to
be completed during the fiscal year ending J u n e 30,1905.
BUILDINGS COMPLETED, OR BUILDING SITES PURCHASED OR AUTHORIZED, ETC.

Total number of buildings and sites at last report
614
Add Portland, Me. (quarantine station), and Lewis and Clark Exposition buildings
2
Totar.

616

The above is amplified as follows:
Number of buildings completed and occupied at date of last report, including
marine hospitals and quarantine stations
403
Add marine hospital, New York, purchased
1
Completed since
15
In course of erection
53
Not commenced
,
100
Sites only (no authorization for building)
44

It will be noted that the number of buildings in course of construction has increased over the statement for the preceding fiscal



SECRETARY OF T H E TREASURY.

27

year from 35 to 53, and that the number of buildings not begun has
decreased from 132 to 100.
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,

1904.

For sites, for the construction of public buildings, extensions, and additions and alterations especially appropriated for
|9,466,551. 01
For repairs and preservation of public buildings
404,043.31
For heating apparatus for public buildings
147,815.20
For vaults, safes, and locks for public buildings
43,499.09
For photographic duplication of plans for public buildings, including
boDks of reference and technical periodicals.
2,233.56
Total

10,064,142.17

Number of employees, Office of Supervising Architect, June 30,1903..
203
Number of employees, Office of Supervising Architect, June 30,1904..
212
Total of pay rolls, fiscal year ended June 30, 1904
$282,787.44
Total expenditures from appropriations for public buildings, fiscal year
ended June 30, 1904
:
$10,064,142.17
Percentage cost of office force to expenditure
. 0281

Hall of records.
The site for the hall of records, with the exception of a small
portion, which is still in litigation, has been secured by the United
States. As the title in all probability will be perfected within the
present fiscal year, it is recominended that the plans submitted to
Congress be approved, the limit of cost determined, and an appropriation of $150,000 for preliminary work in the construction of the
building be made.
Investigations to determine the growth and rate of accumulation
of files in the Treasury Department building show that the files have
doubled in bulk in the last eight years. Information received from
other Departments shows similar conditions.
The erection of a building of such large proportions "as authorized
for the hall of records must necessarily consume considerable time.
Meanwhile embarrassment to the Departments and danger to the
files continue to be the cause of extreme solicitude to officers of the
Government responsible for their safe-keeping.
PUBLIC HEALTH AND MARINE-HOSPITAL SERVICE.

The Surgeon-General reports 58,556 patients treated by the
Service, of whom 14,303 were treated in hospital and 44,253 were
out-patients. The Service controls and operates 22 hospitals, all of
which are owned by the Government. In addition to the marine
hospitals, there are 122 relief stations where seamen receive hospital
and dispensary treatment. A relief station was established during.
the year at Ketchikan, Alaska.
During the year a site for a marine hospital at Buffalo, N. Y., was
purchased, and, under act of March 3, 1903, the Secretary of War
in May last transferred to the Treasury Department a portion of the



28

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

United States arsenal grounds at Pittsburg, Pa., for a site for a
proposed hospital. Contract was let for the construction of a new
hospital at Savannah, Ga.
Aid was extended to other branches of the Governnient in the
physical examination of 5,173 persons, 389 of whom were rejected.
Six hundred and ten merchant seamen were also examined and 91
rejected.
The number of patients cared for in the sanatorium for consumptives at Fort Stanton, N. Mex., continues to increase. Three hundred
and eighty-six were treated during the year. This exceeds the number for the previous year by 112.
During the fiscal year, 840,714 aliens were inspected by the officers
of the Service to determine their physical fitness for admission, as
prescribed by the immigration laws.
The details of officers at Naples, Italy, and Quebec, Canada, were
continued. Officers were also stationed at Yancouver and Victoria,
British Columbia, for the medical inspection of aliens bound for the
United States. The officers on duty at ports in Japan and China
have likewise inspected aliens on request of the Department of Commerce and Labor. At all the ports in the United States where aliens
seek entry, medical inspectors have been stationed to carry out the
provisions of the law.
Personnel.
At the close of the fiscal year the commissioned corps of the
Service consisted of 118 officers as follows: One surgeon-general, 6
assistant surgeons-general, 25 surgeons, 36 passed assistant surgeons,
and 50 assistant surgeons. The acting assistant surgeons numbered
194, including 8 appointed for duty at the fruit ports in Central and
South America and for duty at Bombay, India; Rio de Janeiro,
Brazil, and Guayaquil, Ecuador. The pharmacists numbered 49—
16 of the first class, 25 of the second class, and 8 of the third class.
Expenditures.
The balance of the marine-hospital fund available at the commencement of the fiscal year was $486,638, and the receipts from all
sources—tonnage tax, repayments for care of foreign seamen, reimbursements from the immigration service, etc.—were $937,257.61.
The expenditures for the same period were $1,166,252.36, leaving a
balance on hand at the end of the fiscal year of $255,643.25.
The amount available of the appropriation for preventing the
introduction and spread of epidemic diseases at the beginning of the
fiscal year was $489,051.99. The expenditures were $211,461.82,
leaving a balance J u n e 30, 1904, of $277,590.17.
The amount of the appropriation for the quarantine fund was
$325,000. There were repayments for the care of foreign seamen,



SECRETARY Ot THE TREASURY.

29

etc., of $1,605.88. The expenditures exceeded the amount available, and a deficiency appropriation, '^ Repairs to floating property,"
of $9,500 was granted under act of April 27, 1904. When all the
accounts are adjusted, a small balance of this appropriation will
remain.
National quarantine service.
The protection afforded the United States proper in the exclusion
of quarantinable diseases has been continued at the 40 national
maritime inspection and disinfection stations located in the waterways and ports of entry upon the Atlantic, Gulf, and Pacific coasts;
7,021 vessels were inspected and 323 vessels disinfected. National
quarantine stations have been continued at all the principal ports of
Porto Rico, Hawaii, and the Philippine Islands.
Medical officers have continued to exercise supervision over outgoing vessels bound for the United States and its insular possessions
or dependencies at five ports in Cuba, viz, Havana, Matanzas, Nuevitas, Santiago, and Cienfuegos; also at seven fruit ports in Central
and South America. Officers were stationed at La Guaira, Venezuela;
Callao, Peru, and Guayaquil, Ecuador, to inspect vessels and sign
bills of health, in conjunction with the United States consuls at these
ports, both of vessels leaving for the United States and the ports of
Colon and Panama, for the protection of the Canal Zone. Officers
were also stationed at Colon and Panama for the same purpose, and
were given the quarantine administration of these ports.
The details of medical officers to the offices of United States consuls at Yokohama, Nagasaki, and Kobe, Japan, and Hongkong and
Shanghai, China, have been continued, and during the active quarantine season beginning May 1 officers were also stationed in Vera Cruz,
Progreso, and Tampico, Mexico. On account of the prevalence of
cholera and plague in Bombay and Calcutta, India, like details were
made to the offices of the consuls at those ports.
The Service has maintained the usual land quarantine stations
along the Texas-Mexican border in aid of and in cooperation with
the State health authorities of Texas, at El Paso, Eagle Pass, and
Laredo.
Smallpox.
During the fiscal year 1904, smallpox was reported from 37 States
and Territories, with a total of 25,106 cases and 1,118 deaths.
During the previous fiscal year, 42,590 cases and 1,642 deaths were
reported.
Yellow fever.
From September 24, 1903, to March 18, 1904, there were reported
in Laredo, Tex., 1,014 cases of yellow fever, with 107 deaths; in




30

°

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

Minera, up to November 28, 1903, 137 cases, with 11 deaths; in
San Antonio, from October 21 to November 28, 1903, 43 cases and 16
deaths.
Measures were promptly instituted, in conjunction with the State
nealth authorities, for the limitation and suppression of the disease.
The results obtained by drainage, mosquito destruction, and screening of water containers show that this disease can be controlled by
measures directed exclusively toward the destruction of mosquitoes.
The practical demonstration of these methods formed the basis of a
friendly agreement between the sanitary authorities of Mexico and
the United States for a joint effort directed to the eradication of yellow fever infection in both countries, which was effected in a conference held in the City of Mexico in January of the present year
between the Surgeon-General of the Public Health and Marine-Hospital Service and the Mexican health officials.
The work of the yellow fever institute mentioned in previous
reports has been continued.
The Surgeon-General invites attention to the difficulties in quarantine administration in dealing with a neighboring government on
account of the division of authority as now allowed by law between
the national and State agencies.
Plague.'
The cooperation of the State and municipal authorities of California with the Public Health and Marine-Hospital Service for the
purpose of eradicating plague infection in the Chinese district of San
Francisco has been effective, and the work has been steadily carried
on under the direction of Service officers.
The Surgeon-General invites attention to the danger t o t h e United
States, and especially to the Canal Zone, by reason of the prevalence
of plague in Peru, Chile, Brazil, and other South American countries,
and states that active quarantine is a present necessity.
Inspection of vaccine virus, serums, etc.
Under the regulations prepared in accordance with the act of Congress approved July 1,1902, an inspection of establishments engaged
in the manufacture of vaccines, serums, toxins, and analogous products was made by officers of the Service. To supplement the inspection of the manufacturing plants, samples of their products were
purchased from time to time in the open market and examined and
tested in the hygienic laboratory.
The inspection of these manufacturing concerns and the systematic
examination and testing of their products constitute an important
public-health function. By this means a high standard of purity and




SECRETARY OF THE TREASURY.

31

strength is insured, and the public protected from deteriorated or
contaminated products.
Laboratory.
The new building for the hygienic laboratory in Washington was
completed during the year, and has been fulfilling its function as a
research laboratory. Since the appropriation for this building was
made. Congress has added three new divisions to the laboratory, and
the Surgeon-General in his report shows the need of an additional
building to accommodate two of these divisions.
A n n u a l conference with State authorities.
The second annual conference of State health authorities with the
Public Health and Marine-Hospital Service was held June 3, 1904.
Twenty-two States and Territories were represented. Measures were
taken to further the cooperation of State boards of health with the
Service.
For a report in detail of the Public Health and Marine-Hospital
Service, reference should be made to the annual report of the SurgeonGeneral.
LIFE-SAVING SERVICE.

The following statement shows in brief the operations of the
Service during the fiscal year:
The documented vessels which suffered disaster within the scope
of the Service numbered 359. There were on board these vessels
2,525 persons, of whom only 21 lost their lives. The value of the vessels is estimated at $4,698,855 and that of their cargoes at $1,757,925,
making the total value of property imperiled $6,456,780. Of this
amount, $5,089,950 was saved and $1,366,830 lost, while the number
of vessels which were a total loss was 50.
Among the smaller class of vessels not documented^—sailboats,
rowboats, etc.—there were 411 casualties, involving a total of 803
persons, of whom 13 were lost. The value of these smaller craft is
estimated at $248,750, of which $240,130 was saved and $8,620 lost.
The aggregate of these two classes 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

770
50
3,328
34
659
1,301
|6,705,530
$5,330,080
11,375,450

In addition to the vessels mentioned above, assistance of more or
less importance was rendered to 291 others, making a total of 1,061
vessels in all to which aid was furnished.




32

REPORT ON THE FINANCES.

Besides the persons included in the foregoing statement, 103 others
who were not on board vessels were saved by members of the Service
from various situations of peril.
Many lives and a large amount of property are annually saved by
the warnings given by the patrolmen and station lookouts to vessels
which are discovered running into danger. During the fiscal year
there were 161 such cases reported, 148 of which were by night and
13 during the daytime, in thick weather. The number of persons
involved and the value of the vessels and their cargoes can not, of
course, be ascertained.
The net expenditure for the maintenance of the Service during
the fiscal year was $1,766,446.82.
At the close of the year the Life-Saving Establishment embraced
273 stations. Of this number, 196 are located on the Atlantic and
Gulf coasts, 60 on the Great Lakes, 1 at the Falls of the Ohio River
(Louisville, Ky.), and 16 on the Pacific coast.
The new station buildings at Racine, Wis.; Sabine, Tex.; Long
Branch, N. J., and Great Wass Island, Me., mentioned in the last
report as under construction, have been completed and occupied
during the year. The construction of the new stations authorized to
be established at Fishers Island, N. Y.; Old Topsail Inlet (Beaufort),
N. C., and Bogue Inlet, N. C., was entered upon during the year, and
since its close they have been completed and are about to be p u t in
active operation. After considerable delay and difficulty the site for
the station to be established on Ocracoke Island, N. C , h a s b e e n '
secured and the contract awarded for the construction of the station.
Contracts were also entered into during the year for the rebuilding of
the Cape Henry (Va.) and Little Kinnakeet (N. C.) stations, and
the latter is now practically ready for occupancy. The rebuilding
of the Muskegon and Grande Pointe au Sable stations (Lake
Michigan) is now under way, and extensive repairs and improvements are being made to the stations at Charlotte, N. Y., and
Evanston, 111.
The increasing depletion in the ranks of the surfmen continues,
and is more marked than ever. This is due among the older men
to declining years, and among the younger ones to the lack.of adequate provision in case of disability or death. The necessity and
the justice of making some provision in the nature of retirement
for surfmen and keepers and for the assistance of the widows and
children of such as perish are more strongly emphasized every year.
The Department therefore renews its recommendation of last year
that suitable provision be made for such cases.
The telephone service is one of the most important features of the
Life-Saving Establishment. Although the lines are extremely difficult to maintain on account of washouts and changes in the contour



SECRETARY OF THE TREASURY.

33

of the coast and injury to the cables crossing the inlets, no interruption of service during the past year has continued for more than a
few hours. The lines are so connected with the commercial centers
that telegraph and telephone facilities are available to underwriters
and shipowners, and communication can also be had when necessary
with the light houses and offices of the Weather Bureau.
In view of the development of. wireless telegraphy, plans are being
made for connecting the life-saving stations with the coast wireless
stations of the Government. This will enable the Life-Saving Service
to communicate readily and directly with those revenue cutters supplied with wireless equipment, and will, in many instances, enable
the life-saving corps to cooperate advantageously with the RevenueCutter Service.
REVENUE-CUTTER SERVICE.

Following is a summary of the work performed by vessels of the
Revenue-Cutter Service for the fiscal year 1904, 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 expenditure:
General appropriation for maintenance
Deficiency appropriation for extraordinary repairs

24
1,217
47
154
16,738
' ..
494
1131,620
|2,714,072

•...
:

$1,450,000
156,000
11,606,000

The operations of the Service cover the entire seacoast of the
United States, including Bering Sea, Arctic Alaska, and some parts
of the waters of Hawaii. There have been in commission throughout the year 40 vessels, including 26 cruisers, and 14 vessels and
launches employed in harbor service.
Twenty-two officers of all grades, on the active list, have been on
detail to various special duties. Fifteen line officers have been on
duty with the Life-Saving Service, and have superintended the construction of all life-saving stations, and inspected, drilled, and disciplined the crews. In addition to the foregoing, there have been 6
line and 4 engineer officers drawn for duty from the retired list.
Vessels.
Several new vessels are required to replace an old, obsolete, and
worn-out class, and at least one for a new station at Honolulu,
Hawaii. There is no vessel of the Revenue-Cutter Service available
for service in Hawaiian waters, where one is needed for the protection and furtherance of the public interests,
FI 1 9 0 4 — 3




34

REPORT ON THE FINANCES.

The vessel which has been stationed for many years at Key West
was condemned and sold in 1903, as it had become worthless from
age and deterioration. A vessel for that station must be of light
draft and suitable dimensions to fit it for the shoal waters over the
reefs on the Florida coast. There is no suitable vessel available for
this station.
The Boutwell is an old vessel doing duty in the sounds of North
Carolina. This vessel can render assistance to commerce plying in
the deep-water channels, but can not leave those waterways owing
to its draft of water. A suitable vessel to replace it is much needed.
Two small steamers for service in the waters of Puget Sound are
imperatively necessary to supplement the force already there in its
effort to break up illicit trade and guard the public interests.
The attention of Congress is called to the urgent need of a suitable
vessel to take the place of the bark Chase. The condition of this
vessel has become such that it is necessary either to rebuild or
replace it. It is of wood construction and is not worth rebuilding.
The proper course is to replace it with a new one. This subject has
been repeatedly called to the attention of Congress and the necessities of the case made plain. It is recommended that the sum of
$70,000 be appropriated for the construction of a new vessel of suitable dimensions to take the place of the Chase. '
The Bear and the Thetis are annually dispatched by the Service
for the relief and protection of our whaling and other interests in the
Bering Sea ° and Arctic Ocean. They are still in great need of
extensive repairs. In the last annual report it was said in regard to
these vessels:
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.

These vessels are well worth the outlay for the repairs necessary
to put them in condition. Should an emergency for the relief of
whalers such as arose in 1897-98 again present itself, requiring the
presence of vessels designed for ice service, it could not be met by
this Department or the Government without the repairs recommended. The subject is again presented for the favorable consideration of Congress.
The steamer Mackinac, constructed for service on the St. Marys
River, Mich., was finished and placed in service in October, 1903.
The Mohawk, work on which was long delayed owing to the failure
of the contracting company, was completed and went into service in
May last.



SECRETARY OF THE TREASURY.

35
c

The repairs authorized at the last session of Congress to be made
on the cutters Galveston, Manhattan, and Dexter are nearing completion. Those on the Hudson and Calumet have been completed,
and the contract is about to be let for the cruising cutter for the
Maine coast authorized by Congress at its last session.
Personnel.
No service such as this can discharge its functions efficiently, or
even meet reasonable demands in the public interest, without having
at its command an efficient and sufficiently numerous personnel to
enable it to respond at all times without crippling any part of its
force. While every officer upon, the active list who is phj^sically fit
to do duty has been and is actively employed, itis a fact that, owing
to the demands upon its commissioned ranks for work in other and
legitimate legal directions, there are not enough officers of some
grades to officer the vessels in accordance with existing law or to
efficiently conduct the vessels in active commission.
The statute requires that each vessel shall have one captain, first,
second, and third lieutenants, one chief engineer, and one assistant
engineer. This law was enacted a great many years ago, when the
motive power of vessels of the Service was sail, and when it had but
few steamers. The conditions of to-day are exactly the reverse.
The law provides for the efficient officering of the large class of
vessels by assignment to each of as many officers as are deemed necessary for the service upon which they are engaged. But this-can only
be done by leaving one class of cruisers and harbor vessels shorthanded while attempting to maintain another class in efficient state.
Of the grades of captain, first lieutenant, and chief engineer, there are.
enough officers on the active list to meet demands, but the Service
has not a sufficient number of watch officers in the grades of second
and third lieutenant and assistant engineers.
Besides officering the ships in accordance with law, there are
required for duty in the Life-Saving Service at least sixteen officers
of the line, on detail wholly apart from the Revenue-Cutter Service.
This alone is a very heavy draft upon the active list, calling for about
13 per cent of the officers fit for service.
In accordance with existing law, the namber of third lieutenants and cadets combined shall not exceed the number of third
lieutenants (37) allowed by law. The number of cadets now on
the roll is 24, and thus the grade of third lieutenant is depleted
by that number. It is therefore recommended that the number of
third lieutenants shall be fixed at 37, exclusive of cadets, and that
the number of cadets shall in future be maintained at 20, regardless
of vacancies^ that may occur in the grade of third lieutenant, and
that hereafter all cadets shall be appointed to the Service after




36

REPORT ON T H E

FINANCES.

examination by boards of officers of the Revenue-Cutter Service
detailed by the Secretary of the Treasury for the purpose. It is
further recommended that the grades of first and second assistant
engineer be increased from 17 in the former and 19 in the latter
to 22 of each.
Wireless telegraphy.
Preparations are being made through another branch of the public
service for the erection of wireless telegraph towers at convenient
intervals along the seacoast. These towers, together with those
maintained by private corporations, will afford opportunity for the
advantageous use of wireless telegraphy by the Revenue-Cutter
Service of this Department. This Service now has a coast guard of
modern vessels, and I recommend that at least ten of these be provided with approved wireless equipment for communication with
the coast stations.
The probable cost of outfitting this number of vessels will be
$19,000, and I recommend that this sum be appropriated for the purpose. Provision should also be made for an operator on each vessel,
at an annual salary of $800.
The efficiency of the Revenue-Cutter Service in the removal of
derelicts from the path of ocean commerce, in the relief of vessels
in distress, and in cooperation with the life-saving corps, will be
much increased by the installation of wireless apparatus, especially
as the life-saving stations will be in direct communication by telephone with the Government wireless stations on the coast.
Destruction of derelicts.
The construction of a twin-screw oil-burning turbine revenue cutter, to be stationed at the port of New York, equipped with all
devices for the destruction of derelicts at sea, is recommended.
Legislation authorizing all revenue cutters to destroy derelicts at
sea, wherever found, provided they can not be safely towed to port,
is recommended.
SECRET SERVICE.

The secret-service division, in addition to its usual duties, supplied expert investigators in special cases to the Department of
Justice and Department of the Interior. Naturalization frauds and
a conspiracy to commit irregularities under the land laws received
the chief, attention of these agents with excellent results. All
expense involved in these special investigations was borne by the
two Departments, as the regular appropriation for the secret-service
division was not available for purposes other than the suppression
of counterfeiting.



•

SECRETARY OF T H E TREASURY.

37

In the regular work of the division, there were 419 arrests for
the various offenses against the counterfeiting laws. The confiscated spurious notes represented $44,350 and the coin $16,419.
Twenty-five counterfeits, dangerous or otherwise, made their appearance during the year, and the makers and passers of eighteen
of them were detected and arrested. Among these was the maker
of a very dangerous spurious $100 gold certificate, and $25,000 in
finished and unfinished notes of his handiwork constituted one of
the important captures of the year. In a general way, the Service
maintained its record for efficiency. Figures obtained by widespread
and systematic inquiry among the banks of the country indicate that
the amount of current counterfeit money averages $1 for each
$100,000 of notes and a little less than $3 for each $100,000 of coin
in circulation.
DISTRICT OP COLUMBIA.

The net expenditures on account of the District of Columbia for
the fiscal year 1904 were $9,392,025.10. The net revenues deposited
in the Treasury on this account for the same period were $5,454,344.47.
During the year the bonds of the funded debt retired, including
the bonds called for redemption, on which interest has ceased,
amounted to $427,150, resulting in a net reduction of the annual
interest charge by $15,931.57. Since the close of the fiscal j^ear the
debt has been further reduced by the purchase of 3.65 per cent bonds
to the amount of $441,350, reducing the annual interest charge by
$16,109.27. The total bonded debt now :outstanding is $12,051,350,
bearing 3.65 per cent interest.
The total issue of the 3.65 per cent bonds is limited b y l a w to
$15,000,000, and of this sum $14,972,800 has been issued. The
balance of these bonds will probably be absorbed in the payment of
judgments of the Court of Claims against the District now on appeal
to the Supreme Court of the United States.
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 the Treasurer of the United States, ex officio commissioner of the sinking fund of the District.
STATE BONDS AND STOCKS OWNED BY THE UNITED STATES.

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




$37,000.00
58,000.00
335, 666.66|
430,666.

38

REPORT ON THE FINANCES,

The foregoing 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.
A Jiistory 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, 1904.
The principal of all notes held August 1, 1904, amounted to
$26,465,722.02, and first mortgage bonds to the amountof $26,466,000
are held as security for the payment thereof.
TERRITORY OF H A W A I I .

The debt of Hawaii assumed by the terms of the joint resolution
of July 7, 1898, providing for annexing the Hawaiito Islands to the
United States consisted of $3,235,400 in interest-bearing bonds, and
$764,570.31 in postal savings deposits. This indebtedness has been
fully paid by the United States with the exception of a few postal
savings certificates amounting to $3,087.11 not yet presented for
payment.
Tbe appropriation of $1,000,000 provided by Congress for the
liquidation in part of awards made for property destroyed in suppressing the bubonic plague in the Territory in. 1899 and 1900 has been
practically expended. The First National Bank at Honolulu reports
that b u t 34 awards, amounting to $7,018.99, are now outstanding.
AUDIT OF ACCOUNTS OF THE ISTHMIAN CANAL COMMISSION.

The attention of Congress is directed to the fact that under existing statute the Auditor for the State and other Departments is
charged with the audit of the accounts of the Isthmian Canal Commission, as that commission is an independent commission within
the meaning of the act of July 31, 1894 (28 Stat. L., 207). Under
Executive order dated May 9, 1904, the work of the Canal Commission was placed under the supervision of the Secretary of War. The
auditing of these accounts by the Auditor for the War Department
would logically follow, and it is recommended that suitable legislation be enacted to^his end.



SECRETARY OF T H E TREASURY.
EXPOSITION

39

LOAN.

By act of Congress approved February 18, 1904, there was loaned
to the Louisiana Purchase Exposition Company $4,600,000, to be
repaid in semimonthly installments beginning with June 15, 1904.
Each and every installment of repayment was promptly met, and the
full amount of this loan has been covered into the Treasury.
INTERPARLIAMENTARY UNION.

Under joint resolution of Congress approved April 9, 1904,
$50,000 was appropriated for the entertainment of the Interparliamentary Union for the Promotion of International.Arbitration, to
be expended under the direction of the Secretary of the Treasury.
The congressional committee received the nation's guests at New
York City on September 7, accompanied them to St. Louis, where
the sessions of the conference were held, and with my approval completed an extended itinerary through the United States.
The appropriation will prove sufficient to pay the expense of the
trip and a souvenir volume, which is now in process of construction,
for each guest descriptive of the journey and the objects of interest.
REVENUES.

Customs receipts for the fiscal year 1904 were $23,000,000 less than
in the previous year. While there was a further reduction during
the early months of the present fiscal year, these receipts are now
increasing, and there is no reason to believe the revenues for the year
from this source will be less than in 1904. The falling off in 1904
over that of the previous year was due more largely to abnormal
conditions in 1903 than to depression in 1904. There was collected,
for instance, in duties on iron and steel and manufactures thereof
$17,000,000 during 1903, and only $9,000,000 during the last fiscal
year. This difference is accounted for by a demand for iron and
steel products in excess of the capacity of American factories during
. the former year, which is not likely to be repeated.
Three other causes contributed to the falling off of customs revenues
in 1904. First, othe abolition of the war tax on tea, which caused a
loss of over $2,000,000; second, the abolition of the countervailing
duty on sugar, which resulted in an estimated reduction of over
$300,000; third, the reciprocity treaty with Cuba, which caused a loss
to the customs revenues of the United States estimated at $5,375,000
on sugar and $2,215,000 on tobacco.
It is also worthy of note that there has been a constant increase in
the relative proportion of free over dutiable goods. The total
imports of merchandise during October, 1904, was a little over
$92,000,000 as against a little less than $82,000,000 in the same




40

REPORT ON l^HE FINANCES.

month of the preceding year, but practically this entire increase
was in free imports. During the first ten months of the present calendar year, free imports increased in round numbers $29,000,000,
while dutiable imports decreased $26,000,000.
Internal-revenue receipts show a slight, though immaterial,
increase in 1904 over 1903.
Miscellaneous receipts collected during the current fiscal year show
an increase to date of over $3,000,000. This is more than accounted
for, however, by the payments made by the Louisiana Purchase
Exposition Company.
The profit heretofore derived from silver coinage has become unimportant. . The seigniorage yielded over $9,000,000 in 1902, $6,000,000
in 1903, less than $5,000,000 in 1904, and during the current year it
is not likely to exceed $2,000,000.
From the foregoing review it is evident that the policy of public
improvements can not be enlarged upon without providing some measure for a corresponding increase in revenues. There is no opportunity
apparent to this Department where greater economy in administrative departments can be practiced without injury to the public
service, and economy which injures the public service is parsimony
and not economy. For instance, the Government annually pays
over $200,000 in rent within the District of Columbia, which is estimated to yield fully 8 per cent gross on the value of the leased
buildings and rooms. No wealthy private corporation would do its
business in such cramped and inconvenient quarters. It is the
opinion of this Department that a large sum could be profitably
invested in public buildings within the District. When it is borne
in mind that a million-dollar public building represents a million
dollars collected almost entirely upon luxuries and articles of voluntary use, and expended in labor, the wisdom of erecting enough
buildings to furnish the space actually needed by the administrative departments is apparent.
CURRENCY.

Our currency system', though somewhat complicated, has been
proved safe and reliable under every practical test.° The exchange
of gold for all forms of money issued or coined by the Government,
on demand, authorized by act of Congress approved March 14, 1900,
removes every suggestion of public distrust or doubt. The system
has one recognized weakness, however; it is nonelastic. This criticism is sometimes answered by the statement that national banks
possess the power to increase circulation at will. Actual experience
demonstrates the insufficiency of this prerogative to correct the
Recognized evil. Banks are not likely to use their last $100,000 reserve
in the purchase of Government bonds as a basis for an equal amount



SECRETARY OF THE TREASURY.

41

of currency not available for reserve, but which increases to that
extent their liabilities. On the contrary, banks sometimes retire
their circulation and sell their bonds for the purpose of replenishing
reserve and reducing liabilities. During the summer months of
the current year, bank reserves increased and interest rates were
correspondingly low, but this very plethora of money resulted in an
increase of national-bank circulation. When reserve money is
plenty, interest rates low, and the price of bonds normal, it is
profitable for national banks to maintain circulation.
Speaking of this nonelastic feature of our currency in my last
annual report, I employed this language, which I am unable to
improve:
It does not respond to the varying needs of seasons, or of localities, or of changing
conditions 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 inj ected that will cause distrust or doubt. Fortunately,
at the present time no 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.
BANK NOTES OF SMALL DENOMINATIONS.

To meet a demand for paper money of small denominations,
referred to elsewhere in this report, I recommend that national banks
be permitted to issue a larger proportion of their authorized circulation in denominations of five dollars, and that authority be given to
issue one-eighth of the aggregate volume of gold certificates in
denominations of ten dollars.
TRUST COMPANIES.

Within the last few years trust companies have made a relatively
much larger growth in all the large cities than national banks.
There were 27 trust companies and 49 national banks in New York
City ten years ago. The same city now has 47 trust companies and
only 41 national banks.. Ten years ago the aggregate capitalization
of the New York City trust companies was $26,400,000, and of national
banks $50,700,000. . Now the trust companies are capitalized at
$54,900,000 and the national banks at $110,300,000, showing about
the same relative increase. But the difference in the growth of
deposits is marked. Trust companies in New York City held less
than $260,000,000 ten years ago, and they now hold more than
$875,000,000, while deposits in national banks have increased from
more than $550,000,000 to a fraction less than $1,100,000,000. Thus,
trust company deposits show an aggregate growth of $65,000,000
more than national-bank deposits, and a growth of 240 per cent as
against 100 per cent in national banks.
In Chicago the number of trust companies has increased in ten
years from 8 to 12, while the number of national banks has decreased



42

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

from 21 to 12. The capitalization of trust companies in Chicago in
the same period has increased from $4,000,000 to $20,000,000, or 400
per cent, as against an increase of 25 per cent in the capitalization
of national banks. Deposits in these trust companies have increased
from $15,000,000 to $230,000,000 in ten years, and in national banks
jfrom $130,000,000 to $280,000,000, or an aggregate increase of
$215,000,000 in trust companies as against $150,000,000 in national
banks, and an increase of 1,400 per cent in trust companies as against
115 per cent in national banks.
Other large cities exhibit similar conditions. Many trust companies hold commercial accounts and are regularly engaged in discounting paper, and they hold in the aggregate more than $2,000,000,000
in deposits. .Few, if any, of the States have any statutory requirement respecting reserve, and few of the companies are members of
clearing houses.
It is manifest from the foregoing data that these institutions in
our great cities, helpful as they have been to American development
and commerce, unless conservatively managed, may become an element of danger to our financial system. They are already national
in character, and several of them are of international influence. I
suggest the propriety, therefore, of a law giving trust companies of
large capitalization in large cities the privilege of incorporating
under Federal law, with corresponding supervision. If such right
were extended, the more conservative would probably avail themselves thereof, and this would compel others to cultivate conservatism. It would not be necessary to extend to them the distinctive
prerogatives of national banks beyond the capacity of being designated financial agents of the Government, thereby, justifying Federal
jurisdiction; nor should they be brought into competition with commercial banks, but^ they should be required to keep an appropriate,
though relatively small, reserve within their own vaults, lest in tiines
of financial distress their large deposits with national banks increase
rather than diminish the evils of financial panics. These great concerns, if properly and conservatively conducted, may prove of great
and even unforeseen advantage to public as well as to private interests; and the best time to safeguard the country is when skies are
clear.
PANAMA BONDS.

I have heretofore called attention to the fact that the bonds already
authorized for the construction of the proposed isthmian canal will
not be available as security for national-bank circulation at a less
,rate of taxation than 1 per cent per annum. The recommendation
is repeated, therefore, that future issues of Government bonds be
made available as the basis of circulation on the same terms as the
consols authorized by act of March 14, 1900.



SECRETARY OF T H E TREASURY.

43

PcNEUMATIC TUBES.

The installation of a comprehensive pneumatic-tube system
between the several Executive Departments-and their widely scattered branches and bureaus within the District is earnestly recommended.
ASSAY OFFICE AT NEW YORK.

I repeat my recommendation of last year that the assay office at
New York be sold and a new one erected in a more suitable location.
The present site will bring enough to buy one more eligible and erect
a more suitable building and have a respectable balance left to cover
into the Treasury. The present building is inadequate in size and
in every way inconvenient.
DRAWBACK.

Wise provision has been made for the exportation, with benefit
of drawback, of imported merchandise and of manufactures composed in whole or in part of imported material. The Treasury
Department has endeavored in every feasible way to simplify
the application of this privilege and to make its operation practicable. Many difficulties exist, however, annoying to exporters,
which can be removed only by legislation. I therefore recommend
the careful reconstruction of the drawback laws with a view to their
simplification, and especially that the privilege of drawback be extended to barrels, boxes, cans, and other receptacles, though imported
in completed form, when exported filled with American food products.
A carefully safeguarded system of substitution similar to that now in
operation in France would undoubtedly increase to some extent our
export trade. Several other extensions of this privilege could, in
my judgment, be wisely made. I am also of the opinion that in
applying these laws greater discretion could be safely lodged with
the Secretary of the Treasury, the exercise of which would overcome
many unforeseen difficulties and frequent technical obstacles
L E S L I E M , SHAW,

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







TABLES ACCOMPANYIiNG THE REPORT ON THE FINANCES.




45




TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC D E B T OF THE UNITED STATES J U N E 30,
Length of
loan.
OLD DEBT.
For detailed informatidn in regard to the earlier loans embraced under
this head, see Finance Report for 1876.
TREASURY NOTES PRIOR TO 1846.
Acts of October 12,1837 (5 Statutes, 201); May 21, 1838 (5 Statutes, 228);
March 2,1839 (5 Statutes, 323); March 31, 1840 (5 Statutes, 370); Februarv 15,1841 (5 Statutes, 411); January 31,1842 (5 Statutes, 469); August 31,1842 (5 Statutes, 581), and March 3, 1843 (5 Statutes, 614).
TREASURY NOTES OF 1846.
Actof July 22, 1846 (9 Statutes, 39)
MEXICAN INDEMNITY.
Act of August 10, 1846 (9 Statutes, 94)
TREASURY NOTES OF 1847.
Act of January 28,1847 (9 Statutes, 118)
s
TREASURY NOTES OF 1857.
Actof December 23,1857 (11 Statutes, 257)
BOUNTY-LAND SCRIP.
Actof F e b r u a r y l l , 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.
Act of 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.

Ondemand.

5 and 6 per
cent.

Amount
authorized.

1903.

Amountissued.

Amount outstanding.

xndefinite .

1 and 2 years 1 and 2 years xV of 1 to 6
per cent.
from date.

$51,000,000.00

S151,635.26
$47,002,900.00

(a)

o
o
6

1 year
5 years.

1 year from
date.

J^ of 1 to 5 |
per cent.

Par.

5 years from
date.

5 per cent.

Par.

320,000.00

5 | and 6 per
cent.

Par-

23,000,000.00

3 to 6 per
cent.

Par.

1 and 2 years 1 and 2 years
from date.
1 year

1 year
date.

from

7,687,800.00

o

(a)
&26,122,100.00

5 p e r c e n t . . . Av. pre.
of 2>m

10 or 20 years Dec. 31,1880... 6 percent.-. (Av.)89.03

W

(a)

Indefinite

t-J

52,778,900.00
(a)

Indefinite . . . .
233,075.00

950.00

23,000,000.00

20,000.00

10,000,000.00
5,000,000.00

2,000.00

20,000,000.00
20,000,000.00
25,000,000.00

GC

Cl

0 28,230,350.00

5,000.00
18,415,000.00

60 days or 2 6 p e r c e n t . . . Par to Indefinite
Ix'f^per
years after
35,364,450.00
ct. pre.
date.
2,800,000.00
July 1,1881 . -. 6 p e r c e n t . . . P a r .
20 years
c Including conversion of1,090,850.00
Treasury notes.
h Including reissues.
60 days or 2

H

(a)
303,573.92

Indefinite . . At the pleas- 6 per cent.-. Parure of the
Government.
Jan. 1,1868.-.. 6 per cent. -. l i to 2
20 years
per ct.
pre.
J a n . l , 1865--.. 5 per cent.-. Par
14 years
15 y e a r s . . . . . J a n . l , 1874.--

t>

(a)

10,000,000.00

2,400.00
2,400.00

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

When redeemable.

Rate of interest.

After June 30,
1881.

Price
at which
sold.

6per cent-

Amount
authorized.

Amountissued.

00

Amount out• standing.

LOAN OF JULY AND AUGUST, 1861.
The act of July 17,1861 (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 at 6 per.
centum per annum, payable after twenty years from date, in exchange for 7-30 notes issued under the act of July 17, 1861.
LOAN OF JULY AND AUGUST, 1861.
Continued at 3^ 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 Februarv 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 a t 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 t h e 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
a n additional issue of $150,000,000, of such denominations as the Secxetary of the Treasury might deem expedient, but no such nate
should be for a fractional part of a dollar, and not more thaji
^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 StatutvS, 710), authorized an additional issueof $150,000,000, of
such denominations, not less than one dollar, as the Secretary of the
Treasury might prescribe; which notes were made a legal tender

as before authorized. The same act limited the time in which the



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

1,600.00

Indefinite . . At the pleas- 3i per cent.. P a r .
ure of the
Government.
Indefinite .

On demand--. N o n e .
Aug. 19 and
Oct. 1, 1864.

Par.

7j% per cent. Av. pre.

$15,050.00

60,000,000.00 a 60,030,000.00

53,847.50

O

o

Indefinite .

139,999,750.00

9,400.00

W

514,771,600.00

214,550.00

S

cf TWIJ-

5 or 20 years- M a y l , 1867 -- 6 per cent.

Av. pre.
of xWty

515,000,000.00

Indefinite .- O n d e m a n d . . .

Par.

450,000,000.00

None .

346,681,016.00

§

N
CO

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
coin of the standard fixed in said act, and that in order to secure
the prompt and certain redemption of such notes it shall be the
duty of the Secretary of the Treasury to set apart in the Treasury a
reserve fund of one hundred 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 with, the provisions of section 3700 of the
Revised Statutes of the United States. The above-mentioned act
also provides that if the Secretary of the Treasury is unable to
restore and maintain t h e gold coin in the reserve fund by the foregoing methods, and the amount of such gold coin and bullion in
said fund shall at anytime fall below one hundred million dollars,
it shall be his duty to restore the same to the maximum sum of one
hundred and fifty million dollars by borrowing money on the credit
of the United States, and for the debt so incurred to issue and sell
coupon or registered bonds of the United States bearing interest at
the rate of not exceeding three per centum per annum, payable
quarterly, the bonds to be payable at the pleasure of the United
States after one year from the date of their issue, and to be payable,
principal and interest, in gold coin of the present standard value,
the gold coin received from the sale of said bonds to be exchanged
for an equal amount of the notes redeemed and held for exchange,
and the Secretary of the Treasury may, in his discretion, use said
notes in exchange for gold, or to purchase or redeem any bonds of
the United States, or for any other lawful purpose the public interests may require, except that they shall not be. used to meet deficiencies in the current revenues.
TEMPORARY LOAN.
.Acts of February 25, 1862 (12 Statutes, 346); March 17, 1862 (12 Statutes, 370); July 11, 1862 (12 Statutes, 532) and June 30, 1864 (13 Statutes, 218).




o
>
o
H
W

GQ

Indefinite .

After 10 days'
notice.

a Including reissues.

4, 5, and 6
per cent.

Par.

150,000,000.00 a716,099,247.16

2,850.00

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,

O

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
date.

after

6 per cent-

No limit.

$561,753,241.65

$3,000.00

None.

$50,000,000.00 a368,720, C79.51

6,871,240.63

75,000,000.00

3,100.00

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.

hj
O

LOAN OF 1863.
The act of March 3,1863(12 Statutes, 709), authorized a loan of $900,000,000, 17 years
July 1, 1881. - - 6 per c e n t . . . Av. pre.
and the issue of bonds, with interest not exceeding 6 per centum per
of 4xWo
annum, and redeemable in not less than ten nor more than forty
years, principal and interest payable in coin. The act of June 30,1864
(13 Statutes, 219), repeals the above authority, except as to the
$75,000,000 of bonds already advertised for.
Bonds of this loan continued at 3 | per cent interest, and redeemable Indefinite . - At the pleas- 3i per cent.. P a r .
ure of the
at the pleasure of the Government.
Government.
ONE-YEAR. NOTES OF 1863.
Act of March 3,1863 (12 Statutes, 710)

75,000,000.00

O
100.00

lyear

1 year
date.

after

5 per cent... P a r .

400,000,000.00

44,520,000.00

30,965.00

2 years

2 years after
date.

5per c e n t . . . P a r .

400,000,000.00

166,480,000.00

26,850.00

3 years from
date.

6 per cent
compound,

>

TWO-YEAR NOTES OF 1863.
Actof MarchS, 1863 (12 Statutes, 710)

GQ

COMPOUND-INTEREST NOTES.
Acts of March 3,1863 (12 Statutes, 710), and June 30,1864 (13 Statutes,
218).

400,000,000.00

266,595,440.00

162,090.00

200,000,000.00

196,118,300.00

19,350.00

5 or 20 years- N o v . l , 1869... 6 per cent... Av. pre. 400,000,000.00
of2^V

125,561,300.00

15,900.00

fAug. 15, 1867
-^June 15, 1868 >7^5 per cent. Av. pre. 800,000,000.00 |a829, 992,500.00
of2x§§^.
lUuly 15,1868

121,600.00

3 years

TEN-FORTIES OF 1864.
Actof MarchS, 1864 (13 Statutes, 13)....I
FIVE-TWENTIES OF 1864.
Actof June SO, 1864 (13 Statutes, 218)..

10 or 40 years Mar. 1, 1874... 5 per cent... Par to 7
perct.
prem.

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


3 years

FIYE-TWENTIES OF 1865.
Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31).. 5 or 20 years- Nov. 1, 1870... 6 percent.
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..

Av. pre. Indefinite ..
ofSxm-

203,327,250.00

6 per cent... Av. pre. Indefinite .
ofimV

332,998,950.00

6 per cent... Av. pre. Indefinite
ofxMo-

379,618,000.00

Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31).. 5 or 20 years. July 1, 1873... 6 p e r c e n t . . . Av. pre. Indefinite
ofxM^.
THREE-PER-CENT CERTIFICATES.

42,539,930.00

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

Actsof March2,1867 (14 Statutes, 558), and July25,1868 (15Statutes,lS3).. Indefinite .. Ondemand.

3 percent.

Par.

73,900.00

11,050.00

o

75,000,000.00 a 85,155,000.00

5,000.00

FUNDED LOAN OF 1881.
The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from time to time in the
Treasurj'^ 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
I 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
$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 authorit3^
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




Hi

GD

C
-10 years..

May 1, 1881.

a Including reissues.

5 per cent... Par.

517,994,150.00

27,950.00

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

When redeemable.

Rate of interest.

Price
at which
sold.

ETC—Continued.
Amount
authorized.

Amountissued,

to
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 amount of 5 per
cents to $500,000,000, provided the total amount of bonds issued shall
not exceed t h e 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 t h e 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.

$1,500,000,000

hj
O

FUNDED LOAN OF 1891. (REFUNDING.)
The act of July 14,1870 (16 Statutes, 272), authorizes the issue of
$300,000,000 a t 4^ per centum, payable in coin of t h e present standard value, at the pleasure of the United States Government, after
fifteen years; these bonds to be exempt from t h e payment of all
taxes or duties of the United States, as well as from taxation in any
form by or under State, municipal, or local authority. 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 bonds, when due, to
be made in order of dates and numbers, beginning with each class
last dated a n d numbered. Interest to cease at the end of three
months from notice of intention to redeem.
FUNDED LOAN OF 1891.

Sent. 1,1891.

$185,000,000.00

4^ per cent--

W

$57,750.00
GQ

(RESUMPTION.)

The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary
of t h e 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 t h e 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.




O
15 years.

Sept. 1,1891--. 44 per cent.. P a r t o
l i per
ct.pre.

Indefinite .

65,000,000.00

FUNDED LOAN OF 1907.

(REFUNDING.)

The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of
$1,000,000,000 at 4 per centum, payable in coin of the present standard
value, at the pleasure of the IJnited 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 Refunding Certificate's, page 55.

SOj^ears-

July 1,1907. -. 4 per cent.-. P a r t o
i pe r
ct. pre.

710,417,500.00

173,385,650.00
GQ
O

FUNDED LOAN OF 1907. (RESUIMPTION.)
The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from time t o t i m e i n t h e
Treasury not otherwise appropriated, and to issue, sell, dispose of,
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 .

Indefinite ... ^ 30,500,000.00
O

w

GOLD CERTIFICATES.
The act of March 3,1863 (12 Statutes, 711), authorizes the Secretary of Indefinite the Treasury to receive deposits of gold coin and bullion in sums of
not less than twenty dollars, and to issue certificates therefor in
denominations of not less than twenty dollars each; the coin and
bullion deposited for or representing the certificates to be retained
in the Treasury for the payment of the same on demand. The certificjates 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 .

Indefinite .

409,109,869.00

w
GQ

Cj

CO

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

When redeemable.

Rate of interest.

Price
at which
sold.

Ajnount
authorized.

Amount issued

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 proAaded for; and further, that the Secretary of the Treasury may, in his discretion, issue such certificates in
denominations of ten thousand dollars, payable to order.

O

n
c
w

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




Indefinite .

Ondemand--.

No limit.

$464 706,000.00
GQ

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 sUver 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 i>art, 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 Treiasury and ttie holders, and were made redeemable at the pleasure of
the Government.




GO
O

fed

Indefinite .. Convertiblein- 4 per cent..
to 4 per cent
bonds.

Par

At pleasure of
the Government.

No limit

Par

Indefinite .

85 per cent.

>
a

fed

Indefinite .. At pleasure of
the Government.

2 per cent.

Par . --

At pleasure of
the Government.

3 per cent.

Par

Indefinite .

$40,012,750.00

25,364,500.00

90,200.00

200.00

Ot
Ol

TABLE A.—STATEMENT

OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC.—Continued.
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.

5 per cent.

r 117.223
\ 117.077

Amountissued,

Amount outstanding.

$100,000,000.00

Amount
authorized.

$19,385.050.00

o
fed

LOAN OF 1925.
The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from time to time in the
Treasury not otherwise appropriated, and to issue, sell, dispose of at
not less than par, in coin, either of the descriptions of bonds 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 pa^'^able 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.
*.




) years .

10 years . . .

Feb.1,1925.

4 percent.

After Aug. 1,
1908.

3 per cent..-

fl04.4946
[Illl. 166

162,315,400.00

$400,000,000.00

118,489,900.00

198,792,640.00

83,107,060.00

o

a
w

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

30 years .

After Apr. 1,
1930.

2 percent.

Par.

839,146,340.00

307,125,350.00

520,143,150.00

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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 m a y b e 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 paym.ent 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 Treasury
notes shall be a legal tender in paymentof 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

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

When redeemable.

Rate of interest.

Price
at which
sold.

Amount
authorized.

Amountissued

Amount outstanding.

TREASURY NOTES OF 1890—Continued.
The act of Noveniber 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 ITnited 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 ofthe 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.

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




$40,053,308.50

2,202,464,781. i

59

SECRETARY OF T H E TREASURY.

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 IST OF JuLY OF EACH Y E A R ' F R O M 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.. .
1844
77,227,924.66
80,358,634.04
1845
78,427,404.77
1846
80,747,587.39
1847
83,762,172.07
1848
.1849
82,064,479.33
79,228,529.12
1850
78,408,669.77
1851
1852
82,976,294.35
83.038,050.80
1853
•
1854
80,712,632.25
77,054,686.40
. 1855
86,427,120.88
1856
1857
82,312,150.50
75,723,270.66 1
1858
1859
69,218,398.64
1860.
.65,196,317. 97
1861
57,023,192.09
1862..
53,173,217.52
1863
48,005,587.76
1864
45,209,737.90
1865
55,962,827.57
81,487,846.24
1866.186V
99,833,660.15
1868
127,334,933.74
1869
123,491,965.16
1
1870
103,466,633.83
1871
95,529,648.28
1872
91,015,566.15
1873
89,987,427.66
1874
93,546,676.98
1875
90,875,877.28
1876
90,269,777.77
1877
83,788,432.71
1878
81,054,059.99
1879
73,987,357.20
1880
67,475,043.87
1881... .
58,421,413.67
1882
48,565,406. 50
1883.
39,123,191.68
1884
24,322,235.18
1885.
7,001,698.83
1886
4,760,082.08
1887
33,733.05
1888
37,513.05
1889
336,957.83
1890...
3,308,124.07
1891
10,434,221.14
1892
3,573,343.82
1893
5,250,875.54
1894
13,594,480.73
1895
20,201,226.27
1896...
1897
1898..
1899
•
1900..
1901
1902 .
1903

Amount.
$32,742,922.00
23,461,652.50
15,925,303.01
15,550,202.97
S8,826,534.77
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
a2,251,690,468.43
--. a2,232,284,531.95
a2,180,395,067.15
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
a 1,918,312,994.03
a1,884 171,728 07
a 1,830,528,923.57
61,876,424,275.14
61,756,445,205.78
61,688,229,591.63
61,705,992,320.58
61,640,673,340.23
61,585,821,048.73
61,560,472,784.61
61,628,840,151.63
61,598,111,156.13
61,668,757,127.68
61,698,676,661.25
61,778,434 491.40
61,811,435,708.90
61,798,066,921.90
61,984,766,107.92
62,101,445,225.67
6 2,094,481,966.89
0 2,111,654,973.89
c 2,162,639,009.89

a In the amount here stated as the outstanding principal of the public debt are included the certificates of deposit outstanding on the SOth 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.
6 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 1890 held in the Treasurer's cash.




TABLE C . — A N A L Y S I S OF THE PRINCIPAL OF THE PUBLIC D E B T OF THE U N I T E D STATES FROM JULY 1, 1856,

Year.
1856—Julyl
1857
1858
1859 .
. . . .
1860
1861
1862
1863
1864
1865
;
1865—August 3 1 .
1866—Julyl
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879 . . .
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
•
1890
1891
1892
1893.
1894




2 percents.

3 percents.

$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

3i p e r c e n t s .

4 percents.

U 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

$140,000,000.00
240,000,000.00
250,000,000.00
250,000,000.00
250,000,000.00
250,000,000.00
250,000,000.00
250,000,000.00
250,000,000.00
250,000,000.00
250,000,000.00
222,207,050.00
139,639,000.00
109,015,750.00
50,869,200.00
a 25,364,500.00
a 25,364,500.00
a 25,364,500.00

5 percents.

6 percents.

$3,632,000.00
3,498,000.00
23,538,000.00
37,127,800.00
43,476,300.00
33,022,200.00
30,483,000.00
30,483,000.00
300.213.480.00
245,709,420.63
269,175,727.65
201.982.665.01
198,533,435.01
221,586,185.01
221,588,300.00
221,588,300.00
274,236,450.00
414,567,300.00
414,567,300.00
510,628,050.00
607,132,750.00
711,685,800.00
703,266, 650.00
703,266,650.00
508,440,350.00
484,864,900.00
439,841,350.00

$28,130,761.77
24,971,958.93
.21,162,838.11
21,162,938.11
21,164,538.11
57,358,673.95
154,313,225.01
431,444,813.83
842,882,652.09
1,213,495,169.90
1,281,736,439.33
1,195,546,041.02
1,543,452,080.02
1,878,303,984.50
1,874,347,222.39
1,765,317,422.39
1,613,897,300.00
1,374,883,800.00
1,281,238,650.00
1,213,624,700.00
1,100,865,550.00
. 984,999,650.00
854,621,850.00
738,619,000.00
283,681,350.00
235,780,400.00
196,378,600.00

TO J U L Y 1,

7 ^ percents.

$122,582,485.34
139,974,435.34
139,286,935.34
671,610,397.02
830,000,000.00
813,460,621.95
488,344,846.95
37,397,196.95

. .
^

56,666,666.66

1903.

o

Total interestbearing debt.
$31,762,761.77
28,460,958.93
44,700,838.11
58,290.738.11
64,640,838.11
90,380, 873.95
365,304,826.92
707,531,634.47
1,359,930,763.50
1,221,311, 918.29
2, 381,530,294.96
2,332,331,207.60
2,248,067,387.66
2,202,088,727.69
2,162,060,522.39
2,046,455, 722.39
1,934,696,750.00
1,814,794,100.00
1,710,483,950.00
1,738,930,750.00
1,722,676,300.00
1,710, 685,450.00
1,711 888,500.00
1,794,735,650.00
1,797, 643,700.00
1,723,993,100.00
1,639,567,750.00
1,463,810,400.00
1,338,229,150.00
1,226,563,850.00
1,196,150,950.00
1,146,014,100.00
1,021,692,350.00
950,522,500.00
829,853,990.00
725,313,110 00
610,529,120.00
585,029,330.00
585,037,100.00
635,041,890.00

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1895
1896
1897
1898
1899 '.
1900
1901
1902
1903
1904

.

198,678,720.00
$307,125,350.00 128,843,240.00
445,940,750.00 99,621,420.00
445,940,750.00 97,515, 660.00
520,143,150.00 83,107,060.00
542,909,950.00 77,135,360.00




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
275,112,130.00

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

100,000,000.00
100,000,000.00
100,000,000.00
100,000,000.00
100,000, 000.00
47,651, 200.00
21,854,100.00
19,410,350.00
19,385,050.00

716,202,060.00
847,363,890 00
847,365,130.00
847,367, 470.00
1,046,048,750.00
1,023,478,860.00
987,141,040.00
931,070,340.00
914,541,410.00
895,157 440 00

a Continued at 2 per cent.
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TABLE C . — A N A L Y S I S 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




$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
1,245, 771.20
1,503, 020.09
935, 092.05
1,840, 615.01
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
4,100, 995.26
9,704, 445.26
6,115, 165.26
2,496, 095.26
1,911, 485.26
1,815, 805.26
705.26
1,614, 875.26
2,785, 060.26
2,094,

D e b t b e a r i n g n o O u t s t a n d i n g p r i n - Cash i n t h e Treas- T o t a l d e b t less c a s h A n n u a l i n t e r e s t
interest.
cipal.
u r y J u l y 1.
in Treasury.
charge.

$158, 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

972,537.90
28, 699,831.85
44, 911,881.03
58, 496,837.88
64, 842,287.88
90, 580.873.72
624, 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
2,251,690,468.43
2,232,284,531.95
2,180,395,067.15
2,205,301,392.10
2,256,205,892.53
2,245,495,072.04
2.120,415,370.63
2,""" 013.569.58
1,918,312,994.03
1,884, 171,728.07
1,830, 528.923.57
1,863, 964,873.14
1,775, 063,013.78
1,657, 602,592.63
1,692,858.984.58
1,619,052,922.23
1,552,140.204.73
1,545,S96,591.61
1 " " 464,144.63
!6.13
i ; 545;

$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
8,421,401.22
106,332,093.53
5,832,012.98
88,218, 055.13
137,200,009.85
169,974, 892.18
130,834,437.96
155,680,340.85
149,502, 471.60
106,217, 263.65
103,470, 798.43
129,020; 932.45
147,54i; 314.74
142,243: 361.82
119,469, 726.70
186,025, 960.73
256,823. 612.08
249,08O; 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, 839.83
746,937, 681.03
707,016, 210.38

$10,965,953.01
9,998,621.76
37,900, 191.72
53,405, 234.19
59,964, 402.01
87,718, 660.80
505,312, 752.17
1,111,350,737.41
1,709,452,277.04
2,674,815, 856.76
2,756,431, 571.43
2,636,036,163.84
2,508,151,211.69
2,480,853,413.23
2,432,771,873.09
2,331,169,956.21
2,246,994,068.67
2,149,780,530.35
2,105,462,060.75
2,104,149,153.69
2,090,041, 170.13
2,060,925, 340.45
2,019,275, 431.37
1,999,382, 280.45
1,996,414,905.03
1,919,326,747.75
1,819,650,154.23
1,675,023. 474.25
l,538,78i: 825.15
1,438,542! 995.39
1,375,352;443.91
1,282,145,840.44
1,175,168,675.42
1,063,004,894.73
975,939,750.22
890,784, 370.53
851,912, 751.78
841,526,463.60
475.75

$1,869,445.70
1,672, 767.53
2,446, 670.28
3,126, 166.28
3,443, 687.29
6,092,630.43
22,048, 509.59
41,854, 148.01
78,853, 487.24
137,742, 617.43
150,977, 697.87
146,068, 196.29
138,892, 451.39
128,459, 598.14
125,523, 998.34
118,784, 960.34
111, 949,330.50
103,988, 463.00
98,049, 804.00
98,796, 004.50
96,855, 690.50
96,104, 269.00
93,160, 643.50
94,654, 472.50
83,773, 778. 50
79,633, 981.00
75,018, 695.50
57,360, 110.75
51,436. 709.50
47,926; 432.50
47,014, 133.00
45,510, 098.00
41,780; 529.50
38,991, 935.25
33,752, 354.60
29,417, 603.15
735.80
'>^, 6I5;
22,893, 883.20
22,894! 194.00

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1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904

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
090.26
1, 205,
920.26
1, 970,

995. 360,506.42
958. 197,332.99
920, 839,543.14
968! 960,655.64
947! 901,845.64
944! 660,256. 66
1,112, 305,911.41
1,154, 770,273. 63
1,226, 259,245.63
1,286: 718,281.63
1,366: 875, 224.88

632,253,636.68
676,120, 983.25
769,840, 323.40
817, 672,665.90
796,531, 995.90
991, 927,306.92
136,961, 091.67
143,326, 933.89
158, 610,445.89
202,464, 781.89
264,003, 585.14

732, 940,256.13
774, 448,016. 51
814, 543,069.70
831, 016,579.76
769, 446,503. 76
836, 607,071.73
1,029,249,833.78
1,098, 587,813.92
1,189,153,204.85
1,277,453,144.58
1,296,771,811.39

899,313, 380.55
901, 672,966.7.4
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
967,231, 773.75

25,394, 385.60
29,140, 792.40
34,387, 265. 60
34,387, 315.20
34,387,408.80
40,347, 872.80
33,545, 130.00
29,789, 153.40
27,542,945.50
25,541, 573.30
24,176, 745.00

NOTE 1.—Annual interest charge computed on amount of outstanding principal a t 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 assuming pending funding operations to have been completed.
NOTifi 3.—The temporary loan per act of July 11, 1862, is included in t h e 4 per cents from 1862 to 1868, inclusive, with the exception of t h e amount outstanding August
31, 1865, this being the date a t 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 bn
a n average for the year.




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64

REPOKT ON. THE EINANCES.

T A B L E D . — S T A T E M E N T OF T H E ISSUE AND R E D E M P T I O N OF L O A N S AND TREASURY
NOTE'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,
1904.

Issues.
Five-twenties of 1862, actof 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
Compound-interest notes, acts of Mar.
3,1863, and June 30,1864
Five-twenties of June, 1864, act of
June 30,1864
Consols of 1865, act of Mar. 3,1865
Consols of 1867, act of Mar. 3,1865
" Silver certificates, acts of Feb. 28,1878,
and Mai". 14,1900
Refunding certificates, act of Feb. 26,
1879
National bank-note account, act of
July 14,1890
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. 14,1900
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 June 13,1898,
and Mar. 14,1900
'.
Consols of 1930, act of Mar. 14,1900 .. -.

Redemptions.

Excess of
redemptions.

$1, 600.00
$122,680,000

214,770,000

129,589,300.00

$1,600.00

122,680,000.00
1,990.75
;5,180,700

150.00

870.00

900.00
100.00
100.00
312,576,000

150.00

870.00

900.00
100.00
100.00

306,806,000.00

5,770,000

1,520.00

1,520.00

30,936,971.00

4,526,766.00

6,265,000.00

6,265,000.00

1,300.00

26,410,205

1,300.00

7,000.00
a 2,600

22, 766,800.

7,000.00

18,607,200.00

18,607,200.00

16,795,100.00
5,971,700.00

699,205, 605 637,666,801-75

Total-

Excess of
issues.

a 2,600

22,766,800

113,720,100

Excess of issues
Excessof redemptionsNet excess of issues charged in receipts and expenditures
a Issued in exchange for refunding certificates and interest due thereon.




16,795,100.00
5,971,700.00
52,181,296.75
113,720,100.00
52,181,296.75
61,538,:

TABLE

E.—STATEMENT

SHOWING

THE

PURCHASE

FROM

°

IN

MAY,

OF
1869,

BONDS
TO

ON

AND

ACCOUNT
INCLUDING

OF

THE

JUNE

SINKING

30,

FUND

DURING

EACH

FISCAL

YEAR

1903.

Accrued
interest paid
in coin.

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

$16,210.00
700.00
10,500.00
4,650.00^
13,830.00
141,540.00
9,150.00

$7,384.60
218.63
1,470.42
2,.683.54
429.04
116,032. 35
8,173.98

$8,825.40
481.37
9,039.58
1,966.46
13,400.96
25,507.65
976.02

7,261,437.;

196,590.00

136,392.56

60,197.44

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, I I L 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

31,898,953. 68

25,893,143.57

1,254,897.00

351,003.54

903,893.46

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

29,936,250.00

.
J U N E SO, 1869.
1862
M a r c h , 1864
J u n e , 1864
1865

of
of
of
of

J U N E SO, 1870.
1862
M a r c h , 1864
J u n e , 1864
1865

Total
Five-twenties
Five-twenties
Five-twenties
Five-twenties
Consols, 1865
Consols, 1867
C o n s u l s , 1868

REDEMPTION

of
of
of
of

J U N E SO, 1871.
1862
M a r c h , 1864
J u n e , 1864
1865

Total

2,542,631. 20

32,478,881.20

28,694,017.73

1,557,264.50

367,782.53

1,189,481.97

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

764,055.21
14,959.03
438,656.16
436.838.70
1,436,989.46
833,600.15
9,951.63

7,181,905.21
142,059.03
4,043,306.16
4,072,038.70
13,225,889.46
7,792,500.15
95,801.63

6,345,391.98
126,123.46
3,573,223.63
3,594,747.85
11, 660,785.89
6,863,777.39
84,595.02

427,849.00
8,894.00
246,001.50
246,562.00
707,334.00
417,534.00
5,151.00

75,179.43
1,338.70
57,449.80
37,817.37
149,248.21
108,487.92
1,386.95

352,669.57
7,555.30
188,551.70
208,744.63
558,085.79
309,046.08
3,764.05

32,618,450.00

3,935,050.34

36,553,500.34

32,248,645.22

2,059,325.50

430,908.38

1,628,417.12

N e t cost i n
currency.

N e t cost
estimated in
• gold.

$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

1,374,850. 67

10,065,850.67

3,542,050.00
85,000.00
3,971,400.00
2,790,250.00
11,532,150.00
5,882,550.00
348,500.00

493.479.42
15,742.87
506,189.91
361.735.43
1,454,778.37
861,763:73
53,363.95

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

28,151,900.00

of
of
of
of

Total
Five-twenties
Five-twenties
Five-twenties
Five-twenties
C o n s o l s , 1865
Consols, 1867
C o n s o l s , 1868

AND

INSTITUTION

8,691,000.00

Year ended—

I
o^ F i v e - t w e n t i e s
Five-twenties
Five-twenties
Five-twenties
Consols, 1865
Consols, 1867
Consols, 1868

ITS

3,747,053.68

2,792,950.00
29,500.00
3,967,350.00
6,768, 600.00
10,222,200.00
6,103,050.00
52,600.00

Principal redeemed.

P r e m i u m paid,

$1,621,000.00
70,000. 00
1,051,000. 00
465,000.00
461,000.00
4,718,000.00
305,000.00

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

02

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J U N E SO, 1872.
Five-twenties
Five-twenties
Five-twenties
Five-twenties
Consols, 1865
C o n s o l s , 1867
Consols, 1868

of
of
of
of

1862
M a r c h , 1864
J u n e , 1864
1865

Total




Oi

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

Accrued
interest paid
in coin.

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

$431,450.50
3,500.00
223,270.50
120,266.50
646,095.00
264,126.00
37,173.00

$101,960.57
813.70
42,216.46
23, 744.47
145,069. 34
69,632.51
• 8,948.40

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

32,349,258.17

28,457,562.83

1,725,881.50

392,385.45

1,333,496.05

161,219.79
218,457.39
135,577.95
360,964. 62
432,348.18
. 86,505.62

1,582,919.79
2,239,007.39
1,382,827.95
3,754,614.62
4,483,348.18
888,805. 62

1,415, SOL 05
2,012,051.32
1,241,571.69
3,374,934.42
, 4,029,975.86
798,926.40

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

31,743.95
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

1,395,073.55

14,331,523.55

12,872,850.74

823,082.00

222,586.28

600,495.72

N e t cost
estimated i n
gold.

$925,783.87
7,372.50
480,684. 37
250,635.93
1,371,187.17
553,610.89
81,983.44

$8,062,883.87
57,372.50
4,221,834.37
2,210,485.93
12,139,437.17
4,955,710.89
701, 533.44

3,671,258.17

1,421,700.00
2,020,550.00
1,247,250.00
3,393,650.00
4,051,000.00
802,300.00
12,936,450.00

. Year ended—

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

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

N e t cost i n
currency.

P r i n c i p a l re. deemed.

P r e m i u m paid.

$7,137,100.00
50,000.00
3,741,150.00
1,959,850.00
10,768,250.00
4,402,100.00
619,550.00
28,678,000.00

• ^ ..

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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

i

Total

'.

J U N E 30, 1874.
F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s of 1865
Consols, 1865
C o n s o l s , 1867 . . .
C o n s o l s , 1868
Total

0

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

25,170,400.00

25,170,400.00

541,973.50

353,061.56

188,911. 94

J U N E SO, 1876.
F i v e - t w e n t i e s of 1862 .
.
.
F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s of 1865

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

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

404,964. 72
760,872.00
125,247.50

54,745.72
171,966.33
30,805.86

350,218.28
588,905.67
94,441.64

18,444,050.00

18,444,050.00

1,291,083.50

257,517.91

1,033,565.59

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

81,200.00
178,900.00
180,350.00
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

447,500.00

24,026.25

5,776.52

18,249.73

Total

•

J U N E 30, 1877.
F i v e - t w e n t i e s of 1862 . .
.
F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s of 1865
Consols, 1865
Consols, 1867
..
Total




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JUNE SO, 1878.
Five-twenties of 1862
Five-twenties of June, 1864
. Five-twenties of 1865
Consols, 1865
Consols, 1867
Consols, 1868
Total

17,900.00
15, 900. 00
2,350.00
23,600.00
5,700.00
8,500. 00

/

73,950.00

Total

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

4,197.00

809.92

3,387.08

165.75
94.50
85.50
102.00
543.00
6.00

40.35
18.53
41. 22
41.49
166. 62
.56

125 40
75.97
44.28
60.51
376.38
5.44
687.98

"

•JUNE 30, 1879.
Five-twenties of 1862
Five-twenties of June, 1864
Five-twenties of 1865
Consols, 1865
Consols, 1867
Consols, 1868

966.00
834.00
129.00
3,416.00
342.00
510.00

73,950. do

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

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

18,500.00

996.75

308.77

100.00
100.00
250.00
676,050.00
2,837,000.00
32,064,250.00
12,797,150.00
202,550.00
23,575,450.00
1,500,000.00

$74,161.95
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

' 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

73,652,900.00

2,795,320.42

76,448,220.42

2,203,806.45

935,951.60

1,267,854.85

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

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

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

Total

o

Total

74,371,350.00

1,061,248.78

75,432,598.78

2,935,731.65

707,423.60




\>
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2,228,308.05

O
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

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JUNE SO, 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 March,.1863
Oregon M^ar debt
Funded loan of 1881

o
fed

129 78
3 25
5 26
302,317.12
802,703 05
• 277,984.99
2,033.39
843,130.21

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

GO

Oi
-CI

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

\

ETC.—Continued.

Oi
00

N e t cost i n
currency.

N e t cost
estimated in
gold.

Interest due
a t close of fiscal year.

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 .

«

$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
23,77L80
2.78
6,77L83

$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
6,293.40
186,913.66
137,402.11

8.68
1,578.53
15,466.85
984,120.71
96,460.01

44,850,700.00

44,850,700.00

1,427,378.90

329,761.48

1,097,617. 42

W

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. IS

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

o
te

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

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—

Premium paid

J U N E 30, 1882.
L o a n of J u l y a n d Aug-ust, 1861, c o n t i n u e d a t Si p e r c e n t . . . . . . $55,215,850.00
2,637,850.00
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
1,000.00
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
2,224,450.00
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 S i p e r c e n t
L o a n of M a r c h , 1863, c o n t i n u e d a t S 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 S i p e r c e n t . .
Total

5d

o
fed
C

'^

J U N E SO, 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 Si 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 Si 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 S i p e r c e n t
L o a n of J u l y 12,1882

GO

Total

.:

«

J U N E SO, 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 S i p e r c e n t
L o a n of M a r c h , 1863, c o n t i n u e d a t S i p e r c e n t
F u n d e d l o a n of 1881, c o n t i n u e d a t 3 i p e r c e n t
L o a n of J u l y 12,1882
.. .
Total




. 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 Si per cent
Loan of July and August, 1861, continued at Si per cent
Funded loan of 1881 continued at Si per cent
Total
JUNE SO, 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 Si per cent
Loan of 1863, continued at Si per cent
Funded loan of 1881 continued at 3i 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 and August, 1861, continued at Si per cent
Loan of 1863, continued at Si per cent
Funded loan of 1891
Funded loan of 1907
Total.




. . . .:

44,531,350.00

1.50
53.25
3L50
1,426.00
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
447,687.64

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
242,487.45

16.50
45.75
1.50
12,974.00
54.11
3.98
77.45
423.04
1,408.50
366.79
42.05
215,324.57
91.68
1,287.74
3,638.79
205,200.19

47,748,750.00
1,300.00
3,100.00
28,700.00
650.00
8,000.00
2,000.00
13,400.00
18,200.00
34,000.00
500.00
1,500.00
• 8,500.00
25,600.00
47,894,200.00

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
1,383,537.83

223,676.38
119.50
166.80
861.00
58.12
473.92
60.00
402.00
2,147.16
3,333.69
270.25
22.58
60.31
213.17
231,864.88

1,151,976.62
35.33
55.97
861. 00
12.62
86.08
60.00
402.00
1,055.16
1,293.69
240.25
29 92
237.19
713.16
1,151,672.95

1,555,966.17
1,296,049. 71
2,852,015.88

18,880,500.00
21,011,366.17
6,685, 299.71
46,577,165.88

660,630.00
794,247.00
203,293.00

94,660.88
95,098.43
43,817.79

1,658,170.00

233,577.10

565,969.12
699,148.57
159,475.21
1,424,592.00

3,150.00
500.00
57,900.00
3,000.00
100.00
12,153,850.00
26,839,650.00

844,9i8.6i
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. SO

47,573,290.30

1,493,360.87

220,280.64

1,273,080.23

47,748,750.00
1,300.00
3,100.00
28,700.00
650.00
8,000.00
2,000.00
13,400.00
18,200.00
34,000.00
500.00
1,500.00
8,500.00
25,600.00
47,894,200.00
18,880,500.00
19,455,400.00
. 5,389,250.00
43,725,150. 00

100.00
2,500. 00
1,100.00
67,500.00
4,300.00
300.00
14,250.00
15,900.00
26,950.00
12,250.00
49,800.00
44,044,800.00
4,100.00
96,750.00
190,750.00

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

02

te
Q
fed
te

w
te
1-3

fed
te
OD

Oi
CO

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

Year ended—

P r i n c i p a l redeemed.

P r e m i u m paid.

N e t cost i n
currency.

N e t cost
estimated i n
gold.

-vT

ETC.—Continued.

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

Accrued
interest paid
in coin.

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

$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

J U N E 30, 1890.
L o a n of 1882
L o a n of J u l y
Funded loan
F u n d e d loan
Funded loan

J U N E 30, 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
Total
. .
J U N E SO, 1892.
War-bounty scrip
L o a n of 1860
L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3 i p e r c e n t
L o a n of 1863 c o n t i n u e d a t S i p e r c e n t
F u n d e d l o a n of 1881
F u n d e d l o a n of 1881 c o n t i n u e d a t S\ n e r c e n t
L o a n of 1882
..
F u n d e d l o a n of 1891
F u n d e d l o a n of 1891, c o n t i n u e d a t 2 p e r c e n t
Total

$710,666.79
7,536,058.37

$4,050.00
1,000.00
3,000.00
12,847,416.79,
35,231,658.37

8,246,725.16

48,087,125.16

1,583,619.93

226,381.53

1,357,238.40

6,300.00
950.00
100.00
27,860,400.00
16,134,000.00

69,945.63
3,790,140. 65

6,300.00
950. 00
100.00
27,930,345. 63
19,924,140.65

183.00
57.00
6.00
1,075,088.24
645,641.50

44.76
28.50
3.00
1,156,413.38
54,310.28

138.24
28. 50
3.00
81,325.14
591,3.3L22

44,001,750.00

3,860,086.28

47,861,836.28

1,720,975.74

1,210,799.92

510,175.82

W
te

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

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

2.25
250.00
370.12
1.75
13.67
10.79
218.00
4,085,419.69
792.38

L42
250.00
93.30
= 15
26.76
4.25
53.64
179,940.75
41.93

.83

te

276.82
1.60
15.09
6.54
164.36
905,478.94
750.45

24,310,800.00

Total

$4,050.00
1,000.00
3,000.00
12,136,750.00
27,695,600.00
39,840,400.00

a n d A u g u s t , 1861, c o n t i n u e d a t S i i»er c e n t
of 1881
of 1891
of 1907. . . .
• ..

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
76,8.50.00
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 SO, 1893.
W a r - b o u n t y scrip
L o a n of F e b r u a r y , 1861
.^
L o a n of J u l y a n d A u g u s t , 1861
L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t Simper c e n t
L o a n of 1863 c o n t i n u e d a t S i p e r c e n t
F u n d e d l o a n of 1881 o o n t i n u e d a t 3^ n e r o e n t
L o a n of 1882
F u n d e d l o a n of 1891
Total




-

fed

te
o
o

a
te
GO

JUNE SO, 1894.
and August, 1861
and August, 1861, continued at Si per cent.
of 1881
of 1881, continued at Si per cent

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

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

6.00
630.00
158.83
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

214,900.00

7,505.47

2,304.05

5,201.42

7,400.00
3,000.00
3,100.00
2,500.00
7,350.00
96,200.00

7,400.00
3,000.00
3,100.00
2,500.00
7,350.00
96,200.00

325.50
90.00
163.33
36.46
97.12
3,509.04

32L00
90.00
454.64
19.99
47.47
1,810.73

291.31
16.47
49.65
1,698.31

'..

119,550.00

119,550.00

4,221.45

2,743.83

1,477.62

Oregon war debt
,
Loan of July and August, 1861
Loan of 1863
Funded loan of 1881
Loan of Juiy and August, 1861, continued at Si per cent.
Loan of 1882
,
Funded loan of 1891

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

67,600.00

3,454.08

1,656.21

1,797.87

2,400.00
1,000.00
500.00
500.00
1,000.00
1,500.00'
1,600.00
237,400.00

2,400.00
1,000.00
500.00
500.00
1,000.00
1,500.00
1,600.00
237,400.00

2,175.00
520.00
30.00
16.67
23.33
43.75
32.00
13,426.16

2,169.00
486.74
15.00
1.37
8.75
25.03
10.49
7,178.20

6.00
33.26
15.00
15.30
14.58
18.72
21.51
6,247.96

245,900.00

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
8.14

35,200.00

35,200.00

2,738.09

2,172. 76

565.33

Loan of
Loan of
Funded
Funded
Loan of
Funded

July
July
loan
loan
1882
loan

of 1891

Total
Loan of
Loan of
Funded
Funded
Loan of
Funded

JUNE SO, 1895.
July and August, 1861
1863
loan of 1881
loan of 1881, continued at Si per cent
1882
loan of 1891

Total

4.50

JUNE 30, 1896.

Total
JUNE SO, 1897.
Loan of July and August, 1861
Five-twenties of 1862
Loan of 1863
,
Funded loan of 1881
Funded loan of 1881, continued at Si per cent
,
Loan of July and August, 1861, continued at Si per cent.
Loan of July 12, 1882
Funded loan of 1891
Total
Loan of
Funded
Funded
Funded
Loan of

July
loan
loan
loan
July

JUNE SO, 1898.
and August, 1861
of 1881
of 1881, continued at Si per cent
of 1891
12, 1882
:

Total




GD>

te

O
fed!
te:
fed
o

te:
Hi
W
te:
1^-

fedi

te.

>

d;
fed-

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

ETC.—Continued.

1>D

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

N e t cost
e s t i m a t e d in
gold.

Interest due
a t close of fiscal year.

Accrued
interest paid
in coin.

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

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

$2,277.00
30.00
187.92
20.42
139.50
1,172.80

$2,277.00
15.00
153.60
2.49
25.56
700.21

$15.00
34.32
17.93
113.94
472.59

27,050. 00

27,050.00

3,827.64

3,173.86

653.78

100.00
500.00
300.00
36,600.00
3,384,650. 00
14,310,350.00
4,990,300.00

$i, 824,569.40
548,933.00

100.00
500.00
300.00
36,600.00
3,384,650.00
16,134,919.40
5,539,233.00

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

3.39
15.00
4.20
342.02
3,934.61
83,078.64
14, 636.72

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

22,722,800. 00

2,373,502.40

25,096,302.40

603,638.73

102,014.58

501,624.15

Principal redeemed.

Year ended—

P r e m i u m paid.

N e t cost
in currency.

J U N E SO, 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
F u n d e d loan

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 S i p e r c e n t .
12, 1882
of 1891

Total
J U N E SO, 1900.
W a r b o u n t j ' 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 l o a n of 1881
F u n d e d l o a n of 1891
F u n d e d l o a n of 1891, c o n t i n u e d a t 2 p e r c e n t
F u n d e d l o a n of 1907.
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
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 Si 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
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

o

m

te
te
M

J U N E 30, 1901.




Hd
O

fed
^

Total

Total

fed
te

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

1,724,471. 33
91,816.68
24,832. 76

14,000.00
3,000.00
500.00
5,850.00
21,705,250.00
14,708,17L3S
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

o
te
GD

J U N E 30, 1902.
Oregon war debt
L o a n of 1863
F u n d e d l o a n of 1881, c o n t i n u e d a t Si 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
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
.
L o a n of 1 9 2 5 . . . J

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

100.00
1,000.00
100.00
6,250.00
120,900.00
27,159,620.95
2,619,430.25
2,279,160. 64
38,056,409.30

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

96.00
30.00
.50
7L08
516.72
148,542.39
13,105.85
5,902.20
128,269.75

30.00
2.71
161.04
1.048.77
599,969.61
79,136.85
49,764.60
708,909.58

.

.

.

14,043, SOL 14

70,242,97L14

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

6,202,047.92

22,802,047.92

607,272.38

141,760.57

465,511.81

1,300.00
7,000.00
18,607,200.00

47.62
.121.67
725,470. 92

2.40
29.91
SSSi 361.64

45.22
91.76
387,109.28

100.00
1,000.00
100.00
6,250.00
120,900.00
24,201,000.00
2,443,750.00
2,105,280.00
27,321,200.00
56,199,580.00

Total

.'

.

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

l o a n of 1881, c o n t i n u e d a t Si p e r c e n t
l o a n of 1891
l o a n of 1891 c o n t i n u e d a t 2 p e r c e n t
1904
1925

Total'
J U N E SO, 1904.
F u n d e d l o a n of 1891
F u n d e d l o a n of 1891 c o n t i n u e d a t 2 p e r c e n t
L o a n of 1904
Total...
Grand total




GD

1,300.00
7,000.00
18,607,200.00

18,615,500. 00

18,615,500.00
965,375,475.00

68,458,516.66

725,640.21

338,393.95

387,246.26

157,677,967.61 1,011,583,681.44

33,745,226.96

9,297,230.24

24,447,996.72

te
O

fed
te
fed

o
te
} ^

W
te
fed
GO

d
fed

cc

DR.

TABLE F . — S I N K I N G FUND ACCOUNT FOR FISCAL YEAR

To balance from last year
$355,876,999. 51
July 1, 1903 To 1 per cent on the principal of the public debt on
11,594,059.13
June 30, 1903, less coin certificates. Treasury notes,
and cash available for reduction of the debt, viz,
$1,159,405,912.89.
June 30 1904 To interest on redemptions prior to fiscal year 1904...
44,892,915.48
To interest on $18,618,620.75, amount of debt " paid "
725,930.97
during fiscal year 1904.




413,089,905.09

June 30,1904

1904.

CR.

By principal of bonded debt redeemed in 1904
By accrued interest thereon
By fractional currency and notes redeemed in 1904...
By accrued interest thereon
By national-bank notes redeemed
By premium or excess of present worth over par value
of bonds exchanged for 2 per cent consols of 1930.
By balance

'

$18,615,500.00
338,393.95
3,120.75
284.90
4,526,766.00
1,257,578.01
388,348,261.48
413,089,905.09
fed

te
o

fed

)^

O

w

te
5^

a
te
GD

75

SECEETAEY OF T H E TEEASUEY.
TABLE

G.—POPULATION,

MENT
OF

FROM

1837

TO

NET

1904,

REVENUE,

AND P E R

AND N E T

CAPITA

OF

EXPENDITURES
I^HE

REVENUES

OF

THE

GOVERN-

AND P E R

CAPITA

EXPENDITURES.

Year.

Population.

1837
1838
1839
1840
1841
1842
1843 (six montlis).
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
1899.
1900.
1901.
1902.
1903.
1904.

,655,000
,112,000
,584,000
,069,453
,691,000
;132,000
1,694,000
,276,000
,878,000
1,500,000
. 143,000
,
,805,000
1,489,000
; 191,876
,
,995,000
,802,000
. 615,000
,
; 433,000
,
' 256,000
,
1,083,000
1,916,000
1,753,000
1,596,000
,443,321
: 064,000
,
; 704,000
,
1,365,000
: 046,000
,
: 748,000
,
1,469,000
1,211.000
1,97S; 000
,756,000
1,558,371
1,555,000
1,596,000
,677,000
: 796,000
,
; 951,000
,
. 137, 000
,
1,353,000
,598,000
1,866,000
1,155,783
,316,000
1,495,000
,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
1,365,000
,704,000
,060,000
,433,000
,295,220
,754,000
,117,000
1,847,000
,867,000

Net revenue.

$24,954., 153.00
:
26,302;, 562.00
31,482!, 750.00
,
1,115.00
19,480;
16,860;,160.00
.
19,976., 197.00
:
8,302; , 702.00
29,321 ,374.00
.
29,970:, 106.00
I
29,699!, 968.00
1,769.00
26,495:
i
35,735;, 779.00
1,143.00
31,208!
:
43,6O3;, 439.00
1,304.00
62,559;
49,846.,818.00
61,587!, 054.00
1,341.00
73,8OO;
1,575.00
65,350,
74,056,, 699.00
I
68,965!, 313.00
',
46,655; 366.00
>
53,486,, 466.00
:
66,064,, 608.00
'
41,509,, 930.00
51,987,, 455. 00
112,697.,291.00
1,772.00
264,626.
:
333,714;, 606.00
:
558,032!, 620.00
490,634;,010.00
1,083.00
405,038,
i
370,943;, 747.00
',478.00
411,255,
1,945.00
383,323;
374,106;,868.00
1,205.00
333,738,
1,756.00
304,978;
1,061.00
288,000,
1,865.00
294,095,
'
281,406;, 419.00
1,879.00
257,763,
273,827;,184.00
',
333,526; 611.00
1,293.00
360,782,
',250.00
403,525,
'
398,287!, 682.00
348,519;,870.00
.
323,690;, 706.00
336,439., 727.00
.
371,403;, 277.00
'
379,266,, 075.00
387,050:,059.00
403,08O:,982.00
392,6I2;,447.31
354,937;,784.24
1,62*8.78
385,819;
;
297,722;, 019.25
1,075.11
313,390;
326,976,,200.38
347,721 , 705.16
405,321 ,335.20
'
515,960i , 620.18
'
667,240,, 851.89
587,685,,337.53
i
562,478,, 233.21
560,396,,674.40
540,631 ,749.40

Per capita on
revenue.

$1.69
L63
L90
1.14
^96
1.10
.89
1.62
L51
1.45
1.25
1.64
1.39
L88
2.19
2.01
2.40
2.79
2.40
2.64
2.38
1.57
L76
1.78
1.29
L69
3.38
7.77
9.60
15.73
13.56
10.97
9.82
10.67
9.69
9.22
8.01
7.13
6.65
6.52
6.07
5.42
5.60
6.66
7.00
7.68
7.41
6.36
5.76
5.86
6.33
6.32
6.31
6.43
6.14
6.44
5.81
4.40
4.54
4.65
4.85
6.65
6.93
7.43
7.56
7.11
6.93
6.60

Net expenses.

,243,496.00
33.
1,865,059.00
26!
1,899,128.00
24;,317,679.00
26.,665,873.00
25;, 205, 761.00
11,, 868,075.00
22;, 337,571.00
22;,937,408.00
27 ,766,925.00
57;,281,412.00
45;,377,226.00
45, 061,667.00
.,
39;
1,543,492.00
47. 709, 017.00
',
44;, 194, 919.00
1,184,11L00
48;
1,044,862.00
58;
1,742,668.00
59;
1,571,026.00
69,
67;,795,708.00
74;,185,270.00
69;,070,977.00
63.,130,698.00
.,
.66; 646,645.00
474;:, 761,819.00
714;,740,725.00
865;,322,614.00
1,297;, 666,224.00
520;1,809,417.00
',
357; 542,675.00
',
377; 340,285.00
;,
322. 865,278.00
309;,653,56L00
292;,177,188.00
277.,517,963.00
290;,345,246.00
1,633,873.00
302.
274;:, 623,393.00
265;,101,085.00
241;,334,475.00
236 ,964,327.00
166 ,947,884.00
267;,642,968.00
260;., 712,888.00
',981,440.00
257;
.,
265, 408,138.00
244,,126,244.00
260,,226,935.00
242,,483,138.00
267.,932,179.00
a 267;,924,801.00
1,288,978.00
&299;
C318,1,040,710.00
',
d365, 773,905.35
346,,023,330.58
383 ,477,964.49
367 ,525,279.83
356;, 195,298.29
362,1,179,446.08
365,i, 774,159.57
1,368,582.80
443,
605,', 072,179.85
487 ,713,791.71
509;', 967,353.15
471 ,190,857.64
506;1,099,007.04
582,i,402,32L31

Per capita
on
expenditures.

2.10
1.62
1.42
1.51
1.39
1.27
1.16
L16
1.35
2.71
2; 08
2.00
1.71
L99
1.78
1.88
2.20
2.19
2.48
2.34
2.49
2.26
2.01
2.08
14.52
21.42
25.42
37.34
14.68
9.87
10.21
8.55
8.03
7.39
6.84
. 6.97
7.07
6.25
5.87
5.21
4,98
6.46
5.34
5.08
4.91
4.94
4.44
4.63
4.22 0
4,56
4.46
4,88
5,07
5.72
5.29
5.77
5.43
5.16
5.01
6.10
6.07
8.14
6.39
6.66
5.96
6,26
7.11

a T h i s i n c l u d e s $8,270,842,46 of " p r e m i u m s o n p u r c h a s e of b o n d s . "
b T h i s i n c l u d e s $17,292,362.65 of " p r e m i u m s o n p u r c h a s e of b o n d s . "
c T h i s i n c l u d e s $ 2 0 , 3 0 4 , 2 2 4 . 0 6 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 . "
clThis i n c l u d e 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
by 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 . 846, 767, a n d 906.)




76

REPORT ON T H E FINANCES.

TABLE H . — I N T E R N A L .\ND CUSTOMS REVENUE AND EXPENSES OF COLLECTING, FROM

1858 TO 1904.
Year ended
June 30—-.

1868.
1859.
1860.
1861.
1862.
1863.
1864,
1866.
1866,
1867,
1868.
1869.
1870,
1871,
1872
1873.
1874.
1875
1876.
1877.
1878
1879.
1880
1881
1882
1883
1884
1885
1886
1887,
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
19021903
1904

Internal revenue.
Revenue.a
DoUars.
(d)
(d)
\d)
(d)
(d)
37,640,787.95
109,741,134.10
209,461,215.26
309,226,813.42
266,027,537.43
191,087,589.41
168,356,460.86
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
146,497,595.46
144,720,368.98
121,686,072.51
112,498,725.54
116,805,936.48
118,823,391,22
124,296,871.98
130,881,513.92
142,606,705,81
146,686,249,44
163,971,072.67
161,027,623.93
147, 111,232.81
143,421,672.02
146,762,864.74
146,688,574.29
170,900,641.49
273,437,161.51
295,327,926.76
307,180,663.77
271,880,122.10
230,810,124.17
232,904,119.45

Customs revenue.

Expenses of collecting. &
DoUars.
(cr

Per cent.

U
U

(d)

108,685,00
263,372.99
385,239,52
5,783,128,77
7,335,029,81
8,705,366,36
7,267,176,11
7,253,439,81
7,593,714.17
5,694,116.86
5,340,230.00
4,609,976.05
4,289,442.71
3,942,613.72
3,556,943.85
3,280,162.22
3,527,956.56
3,657,106.10
4,327,793.24.
4,097,241.34
4,424,707.39
4,216,847.26
3,853,035.94
3,678,679.42
3,826,507.98
3,626,038.91
3,770,388.72
3,780,950.41
4,003,485.65
3,879,082.31
4,144,927.02
3,749,029.22
3,754,936.45
3,846,887.65
3,606,798.85
3,705,256.95
4,360,543.06
4,446,318,98
4,404,986.68
4,360,144,97
4,496,479.28
4,607,867.83

ld\

(d]

.29
.23
.18
L87
2,77
4.65
4.59
3,92
5,30
4.36
4.69
4,40
3.89
3.38
2.99
2.96
3,10
2,95
3.20
2,80
3.06
3.47
3.42
3.06
3,22
2.92
2.88
2,65
2.75
2.62
2.67
2.65
2,62
2.62
2.46
2.17
L69
1.51
L43
L60
1.94
1.94

Revenue."
. DoUars.
°41,789,620.96
49,566,824.38
53,187,611.87
39,582,125,64
49,056,397,62
69,059,642,40
102,316,152,99
84,928,260.00
179,046,651.68
176,417,810.88
164,464,699.56
180,048,426.63
194,538,374.44
206,270,408.05
216,370,286.77
188,089,522.70
163,103,833.69
157,167,722.36
148,071,984.61
130,956,493.07
130,170,680.20
137,260,047.70
186,622,064.60
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
203,365,016.73
131,818,530.62
152,158,617.45
160,021,751.67
176,554,126.65
149,676,062.36
206,128,481.75
233,164,87L16
238,585,455,99
264,444,708,19
284,479,681.81
261,274,664.81

Expenses of collecting, c
DoUars.
2,903,336.89
3,407,931.77
3,337,188.15
2,843,465.84
3,276,560.39
3,181,026.17
4,192,582,43
6,416,449,32
6,342,469,99
5,763,979,01
7,641,116.68
5,388,082,31
6,233,747.68
6,568,350,61
6,950,173.88
7,077,864.70
7,321,469.94
7,028,621.80
6,704,858.09
6,501,037.57
5,826,974.32
5,477,421.62
6,023,253.53
6,383,288.10
6,506,359.26
6,593,509.43
6,709,486.76
6,494,847.29
6,427,612.67
6,855, SOL 74
7,166,187.77
7,030,487.00
6,859,986.09
6,964,367.09
6,646,276.06
6,766,790.98
6,791,872.86
6,736,690.92
7,237,796.40
7,075,372.05
7,152,276.58
7,361,562.83
7,467,692,48
7,713,418.82
7,967,472.89
8,468,710.19
8,666,636.37

Per cent.
6.94
6.85
6.27
7.18
6.674.60
4.09
6.39
2.98
3.26
4.65
2.99
3.20
3.18
3.21
3.76
4.49
4.47
4.53
4.96
4.47
3.96
3.23
3.22
2.95
3.07
3.44
3.58
3.33
3.16
3.27
3.14
2.98
3.17
3.74
3.32
6.15
4.43
4.52
4.01
4.78
3.57
3.06
3.23
3.13
2.98
3.32

a Based on warrants issued.
& The cost of collecting the internal revenue embraces the following items: Salaries and expenses of
collectors, including pay of deputy collectors, clerks, etc., and including expenses incident to enforcing the provisions of law taxing oleomargarine; salaries and expenses of revenue agents, surveyors of
distilleries, gaugers, storekeepers, and miscellaneous expenses; paper for internal-revenue stamps,
and expenses of detecting and punishing violations of internal-revenue laws.
cThe expenses of collecting the revenue from customs includes all sums drawn from the appropriation made by Congress forthat 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 internal and customs revenue do not include the expenditures for
salaries, etc., incident to auditing these accounts in the Departments at Washington.
cl No data.




TABLE 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 MONTH; THE MONTHLY REDEMPTION OF LEGAL-TENDER NOTES IN GOLD,
AND THE IMPORTS AND EXPORTS OF GOLD, FROM JANUARY, 1879, TO J U N E , 1904, INCLUSIVE.

Month.

Surplus
revenues.

$20,757,406
19,344,163
20,750,080
19,786,665
27,232,288
25,562,892

Total for 6 months..
July
August
September
October
November
December
1880—January
February
March
April
May
June
Total for 12 months

,

Total for 12 months




$32,478,888 a$11,721,482
1,449,139
17,895,024
a 760,803
21,510,883
18,042,282
1,744,283
26,694,264
537,924
20,030,982
6,631,910

137,368,329

134,058,342
45,029,627
25,504,087
23,194,771
19,984,917
23,920,051
16,354,599
28,152,650
20,045,821
13,320,440
18,333,183
14,382,225
21,311,525

a 19,305,859
1,379,409
3,326,623
7,186,366
940,978
8,274,369
1,674,930
7,763,827
17,006,255
11,770,186
14,617,876
6,309,564

333,526,611

264,847,637
35,632,121
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

a 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

269,651,639

Imports of
gold.

Exports of
gold.

$30,579,531 $116,674,227 $336,449,861
428,961,460
116,886,279
44,494,973
405,411,570
60,684,669
117,162,166
39,639,823
118,809, 680 432,746,833
475,663,096
51,670,442 .121,300,140
379,542,919
45,036,904
119,956,655

23,541,466
36,222,606
18,933,254
17,327,667
16,388,454
12,670,494
11,614,562
16,054,093
15,760,081
17,489,280
18,183,020
18,785,559

120,320,583
126,537,690
154,763,795
157,140,114
147,247,977
146,194,182
143,340,027
136,995,458
135,766,551
130,726,640
120,699,196
118,181,527

245,608,019
212,035, 932
202,957,575
203,411,712
193,147,767
192,297,126
190,203,772
188,960,589
193,084,807
191,789,673
193,998,696
188,670,884

19,024,124
20,444,849
17,263,613
13,793,993
11,124,937
8,761,818
10,561,616
14,566,601
14,773,198
14,672,086
16,062,305
18,554,092

115,274,646
120,018,180
127,764,733
133,278,263
143,981,139
150,213,716
148,052,809
166,808,863
167,639,263
164,358,554
157,893,879
167,412,141

186,190,329
189,613,598
186,802,191
181,042,437
180,921,671
184,354,528
180,848,303
208,099,302
205,791,774
204,622,204
204,144,327
213,635,823

$1,571,752
'909,249
952,776
699,773
1,339,883
2,503,302

$274,707
137,386
188,500
170,894
185,226
143,338

$346,096
116,513
76,985
426,310
350,003
1,441,000

7,976,698

68,678,974

521,013
864,049
101,835
096,209
612,967
006,721
055,013
539,671
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.
net gold.

3,309,987

723,768
883,496
521,394
171,283
861,029
628,968
827,580
809,648
326,695
103,369
000,101
621,089

1879—January
February
March
April
May
June

July
August
September
October
November
December
1881—January
February
March
April
May
June

Expenditures, excluRevenues, sive of postal,
exclusive of principal of
postal.
debt, and
premium.

1,100,050

2,755,967

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

251,381
6,723,313
27,528,082
19,178, 631
17,423,834
6,562,650
795,568
464,473
892,180
166,432
123,580
648,272

3,780,638

101,130,654

a Excess of expenditures.

349,779
350,664
132,443
' 285,826
105,999
134,768
226,205
149,612
,166,679
89,192
106,497
541,361

61,886
90,909
80,914
169,871
220,759
158,574
30,415
271,379
160,786
88,593
614,498
616,548
100,031,259

>
fed
o
te

te
fed
te
t>
GD

80,758,396

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

GO

te
O
fed
te

2,565,132

Cl
fed

->7
00

TABLE I.—STATEMENT SHOWING THE REVENUES AND EXPENDITURES OF THE GOVERNMENT BY MONTHS, ETC.—Continued.
Expenditures, excluR e v e n u e s , sive of postal,
e x c l u s i v e of p r i n c i p a l of
postal.
debt, a n d
premium.

Month.

:.

T o t a l for 12 m o n t h s
July
August
September
October
November
December
1883—January
February
March
April
May
June
T o t a l f o r 12 m o n t h s




,

$33,896,016
37,537,864
34,125,621
36,910,843
28,703,605
30,695,316
33,150,162
30,916,324
33,815,909
34,468,580
36,128,081
31,786,789

$34,471,542
25,135,462
16,421,052
23,260,892
20,061, 328
16,296,797
24,370,271
22,073,826
14,871,444
21,245,558
27,157,422
16,459,073

a$575,526
12,402,402
17,704,569
12,649,951
8,662,277
14,398,519
8,779,891
8,842,498
18,944,465
13,223,022
8,970,659
15,327,716

403,525,250

257,981,440
29,417,846
29,668,245
21,488,119
20,977, 505
24,596,228
16,554,913
22,217,007
24,663,250
24,291,289
26,790,120
27,258,533
16,012,334

6,920,880
10,194,374
15,359,468
11,184,878
5,603,424
13,861,665
9,828,459
3,898,927
8,014, 946
«625,609
4,181,061
18,361,632

398,287,582

265,408,138
37,609,830
26,175,668
14,427,989
21,976,111
25,598,046
12,055,437
19,950,931
25,306,612
12,146,297
23,938,337

a 5,609,017
5,012,534
15,716,712
9,061,158
711,696
12,974,842
7,869,214
2,099,401
16,924,442
3,371,475

$19,099,910
19,870,869
19,025,132
18,206,769
17,411,078
16,452,800
17,384,394
18,256,860
17,446,415
17,637,824
19,873,690
21,1125,589

132,879,444

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

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

145,543,810

338,726
862,619
847,587
162, 383
199,652
416,678
045,466
562,177
306,235
164,611
439,594
373,966

1881—July
August
September
October
November
December
1882—January
February
March
April
May
June

July..
August
September
October
November
December
1884—January
February
March
April

• Surplus
revenues.

$149,163,355 $201,544,433
199,900,146
164,098,402
204,520,280
169,122,025
191,888,136
167,785,609
193,806,619
173,025,684
199,614,433
167,429,348
190,533,247
159,972,569
197,166,334
168,585,554
198,137,431
161,290,437
149,997,982 194,050,480
191,861,776
148,932,626
195,892,419
143,477,370

$40,000

40,000
22,749,590
24,068,941
21,408,158
19,854,196
20,756,392
18,879,395
21,162,237
21,614,817
20,413,561
20,919,623
21,681,825
23,438,839

140,062,590
144,311,881
147,831,667
148,435,473
144,809,314
131,989,758
125,648,195
135,107,161
141,308,204
139,439,242
133,718,103
138,271,198

194,192,970
195,469,614
198,541,173
c203,642,301
207,509, 753
204,969,309
200,045,520
186,218,388
191,553,558
185, 555,568
180,629,237
197,177,342

75,000

75,000
24,747,646
25,736,766
25,324,420
24,568,037
25,509,644
25,164,249
25,321,189
27,683,632
30,949,652
30,845,833

142,705,435
149,625,435
151,115,603
157,353,760
157,235,708
165,429,599
• 144,350,736
144,038,203
142,259,357
139,624,821

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

380,000
SO, 000

I m p o r t s of
gold.

Exports of
gold.

$760,852
5,427,196
10,660, 641
8,295,490
3,059,202
2,728,173
1,134,040
468,825
839,566
551,301
204,626
257,142

$112,361
178,648
148,166
176,941
97,124
108,084
102,219
7,231,398
3,228,840
2,342,449
13,289,404
5,572,251

34,377,054

32,587,880

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

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

17,734,149

11,600,888

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

100,870
132,323
196,345
132,530
403,368
436,969
153,766
3,411,157
12,224,135
21,047,625

fed
te
o

n
o

w

te

te

o
te
GD

May

30,371,894
26,932,088

June
Total for 12 months
July
August
September
October
November
December
1885—January
February
March
,.
April
'..
May
June
Total for 12 months

f

/

July...

August
September
October
November
December
1886—January
February
March
April
May
June

'.
:

Total for 12 months
July
August
September
October
November
December
1887—January
February
March
April
May
June
Total for 12 months




19,771,318
16,116,114

10,600,576
10,815,974

348,519,870

244,126,244

104,393,626

29,273,994
31,366,509
29,229,119
26,189,428
22,235,568
22,835,045
26,872,129
24,093,399
26,310,735
26,063,927
28,709,136
27,167,016

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,DSO
26,684,586
23,597,625
15,255,658

a 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
a 620,659
5, 111,611
11,901,358

323,690,706

260,226,935

63,463,771

33,683,234
26,767,293
23,792,526
28,064,261
16,013,054
29,971,026
21,533,673
28,872,905
23,684,936
25,381,164
25,757,702 ^ 16,032,713
22,753,131
24,737,858
22,205,315
25,971,994
13,981,676
'30,076,168
21,052,775
26,871,590
17,356,327
27,751,724
21,690,993
32,610,620
336,439,727
29,636,971
32,195,326
31,686,702
29,638,498
27,576,103
28,622,815
28,395,921
29,773,878
33,358,165
SO, 076,657
33,834,282
33,070,988
371,463,278

242,483,138
29,403,011
28,908,867
20,583,192
23,474,961
25,657,709
18,483,716
23,384,902
25,485,121
21,627,371
20,229,703
22,409, 349
14,959,888
267,932,180

a$6,915,941
4,271,736
13,957,972
7,339,232
1,796,228
10,724,989
1,984,727
. 3,766, 679
16,094,492
6,818,815
10,395,397
10,819,627

142,206,908
133,729,954

200,985, 324
200,764,698

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

119,048,061
122,465,717
130,514,382
134,670.790
138,015,071
141,688,482
125,187,595
127,346,553
125,793,267
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

1,626,531
2,074,699

2,711,864
131,105

22,831, 317

41,081,957

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
664,735
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

ioo,666
120,000
460,000
215,000
995,000
332,000

8,477,892

2,222,000
126,078,596
126,371,928
133,113,324
142,338,589
146,391,486
147,991,809
136,086,610
144,164,038
151,379,525
155,866,308
156,304,709
166,793,749

219,646,977
233,206,722
243,565,741
245,769,440
257,887,815
265,217,967
265,914,243
275,765,409
278,349,307
281,911,856
287,513,959

21,939,142
35,579,647
36,719,081
30,967,306
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

158,933,205
157,732,289
167,917,211
158,537,179
163,930,220
170,912,414
168,475,361
175,130,262
181,939,848
180,902,431
186,667,774186,875,669

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

26,691,696

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

688,412
733,907
2,986,116
1,323,811
6,096,358
6,620,191
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

6,863, 699

16,998,997
24,793,656
27,944, 332
27,550,341
26,735,643
27,941, 200
33,300,389
32,277,292
30,289,485
26,088,774
26,289,098
22,868,317

.
215,350,735

93,956,589
233,960
3,286,459
11,103,510
6,063,537
1,918,394
10,139,100
5,Oil,019
4,288,757
11,730,794
9,846,954
11,424,933
18,111,097

180,000
590,000

27,701,841
27,993,802

20,743,349

42 959 191

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

682,052
. 4,958,657
4,994,609
5,412,995
9,310,607
11,655,807
3,535,928
143,611
577,965
329,278
903,939
505,263

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

42,910,601

•GD

te
o

fed
te

9 701 187

fed
H
O
te
W
te
fed
te
GD

d
fed

a Excess of expenditures.
CO

GO

TABLE I.—STATEMENT SHOWING THE REVENUES AND EXPENDITURES OF THE GOVERNMENT BY MONTHS, ETC.—Continued.
Expenditures, excluR e v e n u e s , s i v e of postal,
e x c l u s i v e of p r i n c i p a l of
postal.
debt, a n d
premium.

Month.

$30,814,872
35,619,116
33,859,806
31,803,172
29,128,568
29,059,804
30,773,207
31,151,931
28,867,873
29,851,790
32,918,202
32,490,777

1887—July
August
September
October
November
December
1888—January
_ February
March
April
May
June
T o t a l for 12 m o n t h s
July
August
September
October
November
Deceniber
1889—lanuary
February
March
April
May
June

-.
•.

T o t a l for 12 m o n t h s
July
August
September
October
November
December
1890—January
February
March
April




Surplus
revenues.

$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
26,076,375
16,212,079

a$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
7,841,827
17,278,698

379,266,075

259,653,959
35.983.765
22,812,916
14,824,680
28.091.766
35,553,665
14,964,389
25,902,351
32,933,380
16,773,339
20,576,029
23,978,333
13,527,113

a 4,778,867
11,810,265
16,873,594
3,874,448
a 6,963,558
15,195,874
8,175,345
"2,800,220
14,240,652
10,882,770
11,794,866
19,230,795

387,050,059

281,996,616
41,700,438
34,530,869
14,190,018
26,307,260
23,169,459
23,191,021
25,772,455
24,103,794
15,540,141
29,234,006

a 9,814,238
a 69,954
17,226,273
6,185,348
7,547,508
6,404,483
8,888,703
6,762,424
19,238,040
4,783,035

39,825,740
41,580, 393
40,628,963
36,813,320
35,202,956
SO,875,860
29,446,498
29,300,511
25,061,231
23,770,137
27,790,387
29,601,085

194,592,280
206,383,OSS
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
281,795,507
266,404,441
273,679,979
272,025,039
275,109,610
287,531,010

30,364,366
32,325,936
21,170,258
17,303,501
14,819,022
6,673,926
7,606,224
9,693, 865
6, 919, 657
7,209,411

182,218,164
180,654,670
189,196,423
187,672,386
187,496,672
190,833,052
177,386,285
187,988,948
185,287,715
186,235,572.

274,000,688
251,773,370
254,206,227
248,512,435
242,633,405
233,524,103
228,835,040
229,309,201
228,689,876
227,213,755

$115,700
149,820
135,160
43,790
46,390
36,220
19,260
SO, 924
14,021
38,950
49.371
13,000

$2,177,752
5,978,776
14,089,274
12,889,682
1,952,593
1,805,248
395,471
1,014,068
2,270,840
748,164
319,279
293,170

$495,776
241 961
175,917
312,503
390,136
365,986
624,290
1,667,018
2,113,510
958,087
7,876,774
3,154,276

43,934,317

18,376,234

78,990
69,363
22,433
57,071
30,226
61,582
31,350
16,407
19,240
14,800
139,369
199,312

347,046
207,843
1,275,356
1,222,189
1,960,847
906,500
649,006
817,400
680,359
805,753
753,894
658,665

3,829,852
191,130
323,425
686,472
5,376,262
7,725,361
1,197,080
1,478,208
4,392,684
3,176,014
13,445,033
18,130,874

730,143

$291,986,110
290,746,662
289,063,662
296,071,378
295,527,449
312,106,882
321,585,692
329,596,323
341,167,639
341,408,408
327,846,974
335,627,012

105,053,443

31,886,200
34,470,905
31,416,291
32,492,608
SO,716,967
29,595,504
34,661,158
30,866,218
34,778,181
34,017,041

E x p o r t s of
gold.

692,596

$19,633,740
21,157,539
17,610,212
15.261,067
16,318,220
16,424,426
18,015,469
22,267,087
24,170,623
28,491,614
S3,928,200
37,983,204

$186,306,330
193,274,194
192,717,947
202,859,832
•211,880,526
208,608,130
202,955,184
212,869,914
218,818,253
213,239,994
200,301,129
193,866,247

119,612,116

31,204,898
34,623,181
31,698,174
31,966,204
28,690,107
30,160,263
34,077,696
30,133,160
31,013,991
31,468,799
35,773,199
32,757,908

Legal-tend er
Available
Legal-tender
Net gold
cash balance,
notes
I m p o r t s of
notes
in Treasury,
including
redeemed
,
gold.
in Treasury.
in gold.
n e t gold.

O

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

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

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

hj

O
%
O

W
te

o
te
GD

May
June

35,443,652
35,443,652
37,546,892

Total for 12 months .

403,080,983

297,736,487

»J
=

July
g '
August
o
September.
^
October . . .
November.
December.
a> 1891—January...
February..
March
April
May
June
Total for 12 months .
July
August
September.
October
November.
December .
1892—January . . .
February..
March
April
May
June
Total for 12 months .
July
August
September.
October . . .
November.
December.
1893—January . . .
February..
March
April
May
June
Total for 12 months .




9,021,139
22,905,509

26,422,413
14,641,383

9,892,799
11,804,190

190,544,854
190,232,405

228,336,445
245,612,464

12,163,412
12,806,810
6,737,790
7,834,912
6,874,864
5,389,348
10,697,802
10,685,586
4,677,045
5,207,344
9,177,337
11,366,996

184,092,074
185,837,681
147,981,732
156,315,624
162,439,381
148,972,935
141,728,097
149,712,824
148,118,160
141,742,241
133,207,164
117,667,723

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

1,304,646
1,281,917
10,042,602
3,531,453
a 11,781,663
13,063,086
15,330,265
a 172,496
a 35,282
1,674,124
a 401,021
a 1,996,253

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

392,612,447

355,372,'685

10,833,409
14,467,265
9,150,717
5,613,813
5,528,073
5,679,710
5,338,384
4,716,987
4,932,842
3,412,075
4,821,028
8,696,690.

121,113,024
132,471,409
132,523,222
127,674,422
129,193,224
130,740,631
119,574,905
122,122,113
125,815,040
119,909,757
114,231,883
114,342,367

155,783,717
160,274,395
144,987,969
139,671,919
139,126,919
134,674,129
131,368,461
132,162,204
132,898,884
131,518,162
126,005,887
126,692,377

38,100,294
19,537,484
22,267,038
SO,650,811
26,156,048
SO, 424,728
34,175,350
25,962,726
27,784,217
30,069,632
31,732,794
27,922,412

a 3,942,049
9,236,497
4,898,516
a 2,202,249
646,840
a 2,778,212
a 3,791,871
4,736,219
2,052,389
a 3,088,408
a 3,504,396
3,036,206

354,937,784

345,023,330

34,314,356
"36,333,977
31,440,254
S3,479,059
31,797,629 . 28,192,423
31,187, 962
31,288,540
29,640,778
28,739,895
33,460,000
S3,066,964
38,351,452
35,003,052
30,866, 273
29,698,142
31,633,482
34,116,810
33,238,886
28,415,368
30,210,787
30,928,858
28,775,469
SO,717,102
385,819,629

383,477,955

a 2.019,621
2,038,805
3,605,206
100, 578
a 900,883
a 393,036
a 3, 348,400
a 1,168,131
2,482,328
a 4,823,618
718,071
1,941,633

.
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

a Excess of expenditures.

110,444,391
114,156,316
119,395,509
124,206,120
124,409,657
121,266,663
108,181,713
103, 284,219
106,892,224
97, Oil,330
95,048,641
96,485,414

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
121,566,165
122,462,290

17,274,491

1,195,054
1,724,566
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, 236
567,152
632,354
728,246
4,010,146
5,155,736
14,163,116
30,580,760
15,822,400

18,232,567

86,362,654

1,836,912
297,633
242,820
763,069
406,094
317,966
312, C53
476,200
732,731
696,726
622,123
2,422,626

1,029,148
1,394,755
7,461,428
16,897,947
8,871,717
6,018,851
552,014
2,826,962
3,084,406
487,041
591,169
494,026

6,662,674
172,168
345,290
809,595
381,949
254,501
246,466
6,607,180
6,309,956
7,621,823
3,854,222
17,129,503

9,125,843

9,914,4.54

12,943,342

45,220
19,740
12,660
11,520
24,873
31,964
47,229
41,493
66,399
41,055
2,288,479
3,355,458.
5,986,070

37,239, 762

34,158,24D
28,773,981
27,165,654
28,448,562
26,802,888
27,646,516
30,383,479
SO,698,946
29,836,606
26,971,224
28,228,398
30,958,618

280,902
385,830

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
25,466,232
27,289,306
31,631,850

30,164
11,987

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
4,926,463
20,051,910
16,647,849
4,250,651

542,440
333,282
1,303,536
3,118,330
2,577,212
1,540,638
370,843
1,257,539
6,608,437
803,985
1,708,657
1,009,682

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

102,100,345

21,174,381

108,680,844

288,620
3,731,366

CP

te

M
W
H

t
>
fed
H
O

te

S
te

g

te
t
>

GD
Cj

fed

00

CO

TABLE I.—STATEMENT SHOWING THE REVENUES AND EXPENDITURES OF THE GOVERNMENT BY MONTHS, ETC.—Continued.

to
Expenditures,
Revenues, [sive of exclupostal,
exclusive of principal of
postal.
debt, and
premium.
1893—July
August
September
October
November
December
1894—January
February
March
April
May
June

i

Total for 12 months
July
August
September
October
November
December
1895—January
February
March
April
May
June

,

Total for 12 months.
July
August
September
October
November
December
1896—January
February
March
April




Surplus
revenues.

905,776
.890,885
582,756
,553,395
979,401
312,027
082,739
269,299
842,798
692,361
066,994
485,926

$39,675,889
S3,305,228
25,478,010
29,588,792
31,302,026
30,058,261
31,309,670
26,725,374
31,137,560
32,072,836
29,779,141
25,557,021

a$8 770,113
a 9,414,343
a 895,254
a 6,035,397
a 7,322,625
a 7,746,234
a 7,226,931
a 4,456,075
a 6,294,762
a 9,380,472
a 6,712,147
928,905

297,722,019

367,525,280
36,648,583
31,666,637
30,323,019
32,713,040
28,477,189
27,136,461
34,523,447
25,696,035
25,716,957
32,990,676
28,558,214
21,683,029

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

313,390,075

356,195,298
38,548,064
32,588,185
24,320,482
34,503,425
27,199,283
26,814,317
32,529,341
26,749,956
27,274,994
28,987,382

a 9,478,366
a 3,635,488
3,229,196
a 6,601,677
a 1,212,780
474,621
a 3,291,671
a 690,728
a 1,233,845
a 4,704,489

Exports of
gold.

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

49,897,588
57,647^881
79,107,454
77,620,347
90,156,477
106,264,654
99,113,271
104,042,173
112,284,848
108,549,890

$99,202,933 $117,887,566
107,283,910
96,209,123
106,875,632
93,682,172
102,294,291
84,384,863
95,199,616
82,959,049
90,375,555
80,891,600
84,082,098
65,660,175
138,662,364
106,527,068
133;950,026
106,149,136
125,097,787
100,202,209
117,854,335
78,693,267
117,584,437
64,873,025

54,975,607
55,216,900
58,875,317
61,361,827
105,424,569
86,244,445
44,705,967
87,085,611
90,643,307
91,247,145
99,151,409
107,512,363

107,236,487
100,329,837
92,911,974
92,943,180
79,333,966
63,262,268
49,845,508
123,962,980
128,646,461
125,393,900

119,065,351
127,148,096
119,919,718
107,340,146
144,507,606
153,337,579
144,603,302
178,197,687
187,917,260
180,817,916
185,370,101
195,240,153

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

$1,036,015
2,348,222
340,727
695,392
516,372
517,418
356,366
19,193,354
3,461,192
7,666,127
26,941,082
22,169,893

$5,950,613
41,572,031
6,678,945
1,583,937
4,471,576
746,245
705,647
2,140,982
1,091,392
2,321,661
4,282,743
903,348

$174,212
949,502
1,436,862
511,018
331,743
2,654,545
1,279,437
3,209,317
4,020,633
11,723,771
27,406,801
23,280,220

fed
te
o
fed

72,449,119

76,978,061

o

13,923,375
4,741,413
936,513
3,047,890
7,799,747
31,907,221
45,117,738
6,560,962
.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
9,803,865
26,205,260
1,565,194
3,135,219
2,919,965
1,587,781
135,548

117,354,198

a 42,806,223

069, 698
952,697
549,678
901,748
986,503
288,938
237, 670
059,228
041,149
282,893

Imports of
gold.

84,842,150

$18,943,822
13,899,705
8,746,951
4,380,594
4,890,567
6,289,086
4,682,696
17,227,906
14,953,122
16,754,286
29,446,979
36,696,053

a 69,803,261

809,340
417,606
621,229
139,240
411,404
866,137
804,400
888,057
470,576
247,836
272,078
615,474

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

36,384,760

66,468,481

3,826,795
16,564,067
17,.S77,484
2,T66,883
16,034,590
20,212,695
16,448,508
21,736,876

743,134
1,663,586
923, 391
2,011,059
818,617
1,420,665
10,546,952
11,659,097
756,616
1,275,168

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

6,856,546
7,130,618

w

te

"^

o
te
GD

May

a 3,782,875
2, .349,430

24,643,718
27,794,219

June
Total for 12 months
July
August
September
October
November
December
1897—January
February
March
April
May
June
Total for 12 months
July
, August
September
October
November
December
1898—January
February
March
April
May
June

.°

Total for 12 months
July
August
September
October
November
December
1899—.January
February
March
April
May
June
Total for 12 months




28,426,593
25,444,789

326,976,200

352,179,446
42,088,468
35,701,677
26,579,535
33,978,277
33,260,720
23,812,665
30,269, 389
28,796,057
27,212,998
32,072,097
29,109,259
22,934,695

al3,059,259
a 10,139,580
a 1,995,290
a 7,695,447
a 8,050,024
2,044,449
a 6,952,395
a 4,395,060
9,004,664
6,740,038
688,132
13,650,013

347,721,705

365,774,160

102,125,226
111,800,038
98,868,949
96,535,206
75,034,912
70,628,317
48,509,678
41,425,059
60,593,846
53,480, 533
61,188,187
67, 929, 521

110,718,746
100,957,561
124,034,672
117,126,524
131,510,353
137,316,544
144,800,493
148,661,209
151,786,464
153,340,890
144,319,563
140,790,738

256,158,473
243,346,401
241,154,457
233,572, 762
225,357, 098
228,320,380
216,362,421
212,837,256
222,045,606
228,090,517
230,113,813
240,137,627

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

50,100,909
33,588, 047
25,368,'816
33,701,612
37,810,839
27,634,092
36,696,711
26,599,256
31,882,444
44,314,062
47,849, 909
47,852,282

a 18,052, 455
a 11,073,545
a 14,564,432
a 3,435,718
a 9,310, 097
5,552,766
32,012, 606
636,917
1,973,102
1,076,30?all,301,119
a 17,775,091
a 14,342, 969

64,306,457
58,500,670
63, 578, 689
46,952,343
38,974,898
43,789,433
28,617,220
40,291,680
45, 381,277
34,820,008
31,692,454
36, 605,387

233,016,457
140,817,699
218,561,207
144,216,377
147, 663,105 215,192,787
207,756,100
153,573,147
220,663,560
157,363,851
236,474, 769
160,911,547
164,236,793 • 223,871,786
225,564,204
167,623,182
226,166,944
174.684.136
216,810, 622
181.238.137
195,754,815
171,818,055
205,657,671
167,004,410

a 38,047,248

405,321,335

443,368,583

43,847,109
41,782,708
39,778,070
39,630,051
38,900,915
41,404,794
41,774, 930
37,979,333
57,030,240
41,611,587
44,786,014
47,126,915

74,263,475
66,260,718
54,223, 921
53,982,277
49,090,981
41,864,808
51,122,771
43,918,929
42,978,571
65,949,106
40,513,005
31,382,762

a 30,416,366
a 14,478,010
a 14,445,851
a 14,352, 226
a 10,190, 066"
a 460,014
a 9,347,841
a 5.939,596
14,051,669
a 24,337,519
4,273, 009
15,744,153

515, 960,620

605,072,180

711,774
995,006

19,110, 935
6,928,536

33,525,065

112 409,947

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
971,606
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

267,193,210
267,432,097

22,039,547
8,261,347
158,655,956

108,345,234
101,699,605

a 25,203,246

29,029,209
25,562,097
24,584, 245
26,282,830
25,210,696
26,857,114
24,316,994
24,400,997
36,217,662
37,812,135
29,797,391
36,584,708

120,993,035
123,855,577

85,014,780

40,361,580

5,275,143
3,116,276
2,742,173
2,096, 301
2,110,416
2,019,399
i; 209, 916
1,635,813
• 1,583,770
1,155,907
548, 997
903,852

938,951
4,720,569
4,723,181
11,775,483
3,054,089
2,682,405
6,493,414
6,162, 681
30,708,320
32,579, 858
13,322, 111
3, 330, 612

24, 397, 963

a 89,111, 560

51,099,556
68,345,061
39,230,848
21,587,896
16,166.768
15,3S0; 807
16,856,385
16,677,439
14,705, 478
14,317,850
15,169,090
16,191,156

a Excess of expenditures.

189,444,714
217,904,485
243,297,543
239,885.162
241,663,444
246,529,176
228,652,341
231,124,638
245,413,707
246,140,226
228,415,238
240,737,212

254,844,215
294,487,085
307,557,504
300,238,275
292,376,790
294,764,695
274,584,676
269,103,513
284,043,164
263,127,533
267,584,094
281,380,469

4,091,067
613,762
443,871
347,578
653,253
2, 674,754
4,237,722
3,001,905
2,343,753
1, 781,270
2,725,378
2,737,952
25,652,265

120,391,674

5,462,869
1, 983,588
142, 922
313,311
699, 513
577,996
2, 658, 663
1,030,412
728, 707
1,323, 724
109,157
375,529
15,406,391

2,641,668
15,296,811
16,808, 341
16, 738, 363
5,324,601
8,767,182
6,392,344
5,148,906
3,187, 575
2,482, 871
3,070,265
3,105,686

1,497, 013
•1,955,908
3,102,810
1,279,926
913,467
1,219, 638
1,755,451
567,962
1,109,845
1,162,484
2,049,255
20,908,327

88,954,603

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37,522,086

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TABLE I.—STATEMENT SHOWING THE REVENUES AND EXPENDITURES OF THE GOVERNMENT BY MONTHS,

Month.

1899—July
August
September
October
November
December
1900—January
February
March
April
May
June

Surplus
revenues.

$48, 054,258
49, 978,173
45, 334,145
47, 533,589
46, 945,572
46, 759,104
48, 012,165
45, 631,265
48, 726,837
45, 039,327
46, 166,053
51, 435,832

• Total for 12 months.

July
August
September
October
November
December
1901—January
February
March
April
May
June

ExpendiRevenues, tures, excluexclusive of sive of postal,
principal of
postal.
debt, and
premium.

.
^

Total for 12 months

July
August
September
October
November
December
1902—January
February
March
April




$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
33,640,673

a$8,506,832
4,456,861
7,754,773
3,359,662
6,175,724
7,613,544
8,823,068
7,892,793
16,638,566
4,135,399
4,814,528
17,895,159

567,240,852

487,713,792

955,161
688,756
304,326
626,067
344,615
846,508
520,287
844,123
891,125
767,851
629,440

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

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

52,307,591
39,351,498
32,310,736
40,645,936
40,198,917
37,318,998
38,548,278
39,099,291
38,102,437
40,799,263

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

Available
Legal-tender I Net gold leash bal ance Legal-tender
notes
notes
in Treasury. including
redeemed
in Treasury.
net gold.
in gold.

79,527,060-

00

ETC.—Continued.

Imports of
gold.

Exports of
gold.

26,781,125
26,661, 394
20,468,514
11,680,495
11,408,327
10,700,36212,817,781
11,358,967
9,944,303
9,155,801
12,304,350
14,455,758

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

299,859,365
285,419,696
288,204,878
287,005,032
289,176,791
290,107,336
293,012,973
298,915,149
308,443,522
306,494,208
312,338,469
326,833,125

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

249,955,831
258,455,786
251,635,354
259,346,494
257,539,887
262,800,534
239,040,401
238,821,209
244,858,050
242,946,286

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

$2,895,469
5,391,411
2,593,894
8,542,254
2,904,043
5,620,246
1,992,692
1,911,116
1,921,036
3,388,813
3,683,634
3,728,576

$2,606,457
2,099,062
618,995
379,752
264,310
11,857,511
5,691,290
1,403,658
1,081,280
1,961,580
12,209,596
8,093,268

44,573,184

48,266,759

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

3,272,739
18,084,938
806,572
441,962
677,207
410,533
8,221,159
416,812
490,269
4,916,965
10,101,177
5,344,844

24,223,111

$245,254,534 $274,844,167
279,352,872
248,757,971
254,328,820 287,695,613
289,391,540
252,223,797
286,216,440
239,744,905
236,909,230 283,595,453
292,490,973
218,613,617
298,362,824
232,225,336
248,358', 064 306,792,996
229,461,962 296,117,548
218,857,546 295,783,530
305,705,655
220,557,185

$2,208,091
2,076,548
1,105,220
888,828
1,225,020
1,837,112
S,191,433
1,590,041
1,132,563
5,072,805
8,482,051
6,788, 625
35,598,337

$16,317,766
18,246,243
17,066,521
16,615,736
16,848,640
17,817,580
16,455,244
14,322,423
10,268,313
13,426,509
19,946,308
27,141,405

66,051,187

53,185,177

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

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
1,864,767

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

2,639,656
1,442,265
1,001,519
1,530,704
3,955,240
2,379,510
7,100,411
1,500,111
515,652
885,526
819,985
452, 633

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1

49,509,449
49,677,469

38,746,798
33,837,859

562,478,233

May

10,762,652
16,839,609

471,190,878
56,813,668
43,113,611
37,654,798
46,904,965
43,040,258
36,533,744
42,632,244
37,750,750
44,987,687
41,763,814
40,586,997
34,589,738

a 7,607,877
5,492,202
11,025,583
4,486,297
658,743
10,617,656
3,364,094
5,277,430
447,848
1,562,287
3,626,97"3
13,764,316

560,396,674

506,099,007
56,388,189
43,024,545
38,430,964
51,910,479
47,427,788
32,255,806
48,372,654
42,654,772
41,704,398
47,010,265
96,418,473
36,997,015

a 7,776,613
6,'828,133
6,538,865
a 4,947,266
a 2,735,193
10,491,787
a 6,784,184
3,240,635
3,057,101
a 6,480,843
a 54,730,413
11,218,399

540,631,749

582,402,321

a 41,770,572

346,350,229
362,187,361

9,379,762
5,617,492
3,845,140
3,089,656
3,028,960
3,042,732
6,661,026
4,395,124
2,487,162
4,732,027
6,717,736
12,598,801

248,005,005
264,657,694
286,124,771
263,542,933
264,967,774
270,777,264
247,783,746
259,651,782
276,815,803
262,539,660
256,208,626
254,162,230

353,974,699
359,491,501
371,263,394
366,421,878
354,576,688
364,409,380
368,345, 963
374,543,470
372,921,989
373,326,187
375,168,898
388,686,114

11,673,873
11,423,194
10,465,039
5,818,498
2,434,085
3,485,726
9,076,523
9,433,542
5,330,470
7,037,760
9,475,212
12,997,534

248,499,879
253.201,871
260,714,067
258,892,307
267, Oil, 715
266,571,972
229,362,090
236,241,028
248,529,691
231,877,090
217,692,391
216,183,723

378,291,444
383,450,710
389,417,184
378,637,402
369,237,430
379,374,896
378,745,084
373,068,605
374,699, 996
370,919,188
313,287,516
322,051, 668

1,497,053
4,086,457
52,021,254

48,568,960

514,925
386, 666
329,870
438,140
388,012
581,940
1,152,500
372,425
628,110
1,199,055
1,336,376
1,039,228

1,694,421
5,143,597
4,981,130
11,118,446
6,981,743
2,186,636
2,010,861
1,817,456
4,567,728
1,349,621
1,462,845
2,767,553

• 7,884,339
2,305,714
530,029
1,460,829
720,331
2,853.112
85,951
1,506,370
1,042,598
1,706,466
14,488,268
12,507,588

8,267,246

64,297,667

48,611,576
49,852,678
44,969,819
46,963,213
44,692,695
42,747,592
41,588,370
45,895,407
44,761,499
41,629,422
41,688,060
48,215,414

246,554,393
263,801,291

460,553
700,255

18,757,180

91,287,376

49,305,691
48,605,813
48,580,381
51,391,262
43,599,001
47,151,300
45,996,338
43,028,180
45,435,436
43,326,101
44,113,970
48,354,054

8,700,602
12,686,618

44,982,027

47,090,595

1,033,060
707,110
443,595
727,685
697,545
1,149,135
1,396,920
1,080,698
1,054,800
1,070,818
1,235,428
958,500

4,631,207
7,848,553
5,184,858
5,026,036
11,370,690
17,230,298
8,225,508
5,034,372
8,855,162
10,289,869
10,472,682
4,886,233

9,117,758
84,776
998,076
352,177
993,150
1,464,656
591,667
732,614
3,063,458
19,470,167
43,069,053
1,522,544

11,555,194

99,065,368

81,459,986

'

1,968,407
391,525

June
Total for 12 months..
July...
August
September
October
November
December
1903—Januiary
February
March
April
May
June
Total for 12 months .
July
August
September
October
November
December
1904—January
February
March
April
May
June
Total for 12 months .

GD

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aExcess 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.




fed
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86

REPORT Olsr THE' F m A N C E S .

TABLE J.—STATEMENT

i

>
^
1791
1792
1793
1794
1795
1796
1797
1798
1799
1800
1801
1802
1803
1804
1805
1800
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
18430
1844
1845
1846
1847
1848
1849
1850
1861
1852
1853
1854
1856
1866
1857
1858
1859
1860
1861
1862
1863
1864
1866

Balance in
the Treasury at
commencem e n t of y e a r .

$973,* 905.'75
783,444. 51
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
4,825,811.60
4,037,005.26
3,999,388.99
4,538,123.80
9,643,850.07
9,941,809.96
3,848,058.78
2,672,276.57
3,502,305.80
3,862,217.41
5,196, 542.00
1,727,848.63
13,106,692.88
22,033,519.19
14.989,465.48
1,478,526.74
2,079,992. 38
1,198,461.21
1,681,592.24
4,237.427.55
9,463,922.81
1,946,597.13
5,201,650.43
6,358,686.18
6,668,286.10
5,972,436.81
5,756,704.79
6,014,639.75
4,502,914.45
2,011,777.55
11,702,905.31
8,892,858.42
26,749,803.96
46,708,436.00
37 327 252.69
36,891,196.94
33,157,503.68
29,963,163.46
28,685,111.08
30, 521,979.44
39,186,284.74
36,742,829.62
36,194,274. 81
38,261,969.66
33,079,276.43
29,416,612.45
32,827,082.69
35*, 871 ] 753.31
40,168, 353.25
43,338,860.02
50,261,901.09
48,591,073.41
47,777,672.13
49,108,229 80
46,802,865.00
35,113,334,22
33,193,248,60
32,979,530.78
30,963,857.83
46,966,304,87
36,523,046.13
134,433,738.44




OF RECEIPTS OF THE UNITED

Customs.

$4,399,473.09
3,443,070.85
4,255,306.56
4,801,065.28
5,888,461.26
6,567, 987.94
7, 549,649.65
7,106,061.93
6,610,449. 31
9,080, 932.73
10,750,778.93
12,438, 235.74
10,479,417.61
11,098,665.33
12,936,487.04
14,667,698.17
15,845,521. 61
16,363, 550.58
7,257,506.62
8,583,309.31
13,313,222.73
8,958,777.53
13,224,623.25
5,998,772.08
7,282,942.22
36,306,874.88
26,283,348.49
17,176,385.00
20,283,608.76
15,005,612.15
13,004,447.15
17,589,7(1.94
19,088,433.44
17,878.325.71
20,098,713.45
23,341,331.77
19,712, 283.29
23,205,523.64
22,681,965.91
21,922,391.39
24,224,441.77
28,465,237.24
•29,032,508.91
16,214,957.15
19,391,310.59
23,409,940.53
11,169,290.39
16,158,800.36
23,137,924.81
13,499,602.17
14,487,216.74
18,187,908. 76
7,046,843.91
26,183,570.94
27,628,112.70
26,712,667.87
23,747,864.66
31,767,070.96
28,346,738.82
39,668,686.42
49,017,567.92
47,339,326.62
58,931,865.52
64,224,190.27
53,026,794.21
64,022,863.60
63,875,905.05
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
84,928,260,60

Internal revenue.

STATES FROM MARCH 4,
1789,
J U N E 30) FRO.M

Direct tax.

Public lands.

Miscellaneous.

$10,478.10
9,918.65
21,410.88
337,705.70
63,277.97
274'089.62
28,317.97
337,755.36
$i,'836.'i3
1,169,415.98
475,289.60
575 491.45
83,540.60
399,139.29
644,357.95
58,192.81
11,963.11
779,136.44
86,187.56
152,712.10
809,396.55 ""$734," 223.'97
443.'75
1,048,033.43
534,343.38
167,726.06
345,649.16
621,898.89
206,565.44
188,628.02
1,500,506.86
215,179.69
71,879.20
165,676.69
131,945.44
50,941.29
50,198.44
487,626.79
139,075.53
21,747.15
21,882.91
540,193,80
40,382.30
20,101.45
65,763.86
765,245. 73
51,121.86
13,051.40
34,732.56
466,1(>3.27
38, 550.42
8,190.2i5
19,159.21
647,939.06
21,822.41
4,034.29
7,517. 31
442,262.33
62,162.57
7,430.63
12,448.68
•696,648.82
84,486.84
2,295.95
7,666.66
1,040,237.53
59,211,22
4,903.06
859.22
710,427.78
126,165.17
4,755.04
3,805. 52
835,655.14
271,751.00
1,662,984.82 2,219,497.36
1,135,971.09
164,399.81
4,678,059.07 2,162,073.41
1,287,959.28
285,282.84
5,124,708.31 4,253,635.09
1,717,985.03
273,782.35
2, 678,1.00.77 1,834,187,04
1,991,226.06 • 109,761.08
955,270.20
261,333.36
2,606,564.77
57,617.71
229,593.63
83, 650.78
3,274,422.78
57,098.42
106,260.53
31,586.82
1,635,871.61
61,338.44
69,027.63
29,349.05
1,212,966.46
152,589.43
67,665.71
20,961.56 . 1,803,581.54
452,957.19
34,242.17
10,337.71
916,523.10
141,129.84
34,6(3.37
6,201.96
984,418.15
127,603.60
25,771.35
2, 330.85
1,216,090.56
130,451.81
21,589.93
6,638.76
1, 393,785.09
94,588. 66
19,885.68
2, 626.90
1,495,845.26
1,315,722.83
17,451.54
2,218.81
1,018,308.75
65,126.49
14.502.74
11,335.05
1,617,175.13
112,648.55
12,160.62
16,980.59
2,329,356.14
73,227.77
6,933.51
10,506.01
3,210,815.48
584,124.05
11,630.65
6,791.13
2,623,381.03
270,410.61
2,769.00
394. .12
3,967, 682.65
470,096. 67
4,196.09
19.80
4,857,600.69
480,812.32
10,469.48
4,263.33 14,767,600.75
. 759,972.13
370.00
728.79 24,877,179. 86
2,245,902.23
5,493.84
1,687.70
6,776,236.52
7,001,444. 59
2,467.27
3,730,946.66
6,410,348.45
2,553.32
555." 22
7,361,676.40
979,939.86
1,682.25
3,411,818.63
2,567,112.28
3,261.36
1,366,627.42
1,004,054.76
1,335,797.52
496.00
451,995.97
. 285,895.92
103.25
898,158.18
1,777.34
2,069,939.80
1,076,419.70
3,517.12
2,077,022.30
361,453 68
2, 694,462.48
2,897.26
289,960.13I
375.00
2,498,365.20
220,808.30
, 375.00
3,328,642.66
612,610.69
1,688,959.65
685,379.13
1,859,894.25
2,064,308.21
2,352,305. SO
1,185,166.11
464,249,40
2,043,239.58
988,081!17
1,667,084.99
1,105,352,74
8,470,798.39
11,497,049.07
827,731,40
8,917,644.93
1,116,190.81
3,829,486.64
1,269,920,88
3,513,715.87
1,352,029,13
1,454,596.24
1,766,687.30
1,778,557.71
1,088,530 25
870,658.64
1,023,515.31
162,203.77
i,795,33i.73
916,327.97
167,617.17
3,741,794,38
37,'646,787.'95 1,485,103.61
109,741,134.10
475,648. 96
588,333.29 30,291,701.86
209,464,215.26 1,200,573.03
996,663.31 25,441,556,001

$268,942,81

aFor the half year from

87

SECRETARY OF THE TREASURY.
TO

JUNE

THAT

30,

1904,

BY

CALENDAR

YEARS

TO

1843

AND

BY

FISCAL

YEARS

(ENDED

TIME.

Dividends.

Net ordinary
Interest.
receipts.

1791
$4 409,
1792
$8,028.00
3 669
38,600.00
1793
4 652
1794
303,472.00
5 431
1795
160,000.00
6 114
160,000.00
1796
8 377
80,960,00
1797
8 688
79,920,00
1798
7 900
71,040.00
1799
7 546
71,040.00 10 848
1800
1801
88,800.00 12 935,
1802
39,960.00 14 995
1803
11 064
1804
11 826
1806
13 560,
1806
15 559,
1807
16 398
1808
17 060,
1809
7 773
1810
9 384
1811
14 422
1812
9 801,
1813
14 340,
1814
11 181.
1815
15 696,
1816
47 676,
202,426. 30 33 099,
1817
526,000.00 21 585,
1818
675,000.00 24 603,
1819
1820 1,000,000.00 17 840
105,000.00 14 573
1821
297,600.00 20 232,
1822
350,000.00 20 540,
1823
350,000.00 19 381
1824
367,600.00 21 840,
1825
402,600.00 25 260,
1826
420,000.00 22 966,
1827
'455,000.00 24 763,
1828
490,000.00 24 827,
1829
490,000.00 24 844,
1830
490,000.00 28 526,
1831
490,000.00 31 867
1832
474,986.00 33 948
1833
234,349.60 21 791
1834
606,480.82 35 430,
1835
292,674.67 50 826,
1836
1837
24 954,
1838
26 302,
1839
31 482,
1840
19 480
1841
16 860,
1842
19 976,
1843a
8 231,
1844
29 320,
1845
29 970,
1846
29 699.
1847
26 467,
1848
35 628,
1849
30 721,
1850
43 592,
1851
52 655,
1852
49 846,
1853
61 587,
1854
73 800,
1855
65 350,
1866
74 056
1867
68 966,
1868
46 656
1869
52 777,
1860
66 054
1861
41 476,
1862
51 919,
1863
112 094,
1864
243 412,
1865
322 031,
J a n u a r y 1 to J u n e 30, 1843.




Premiums.

Receipts
from l o a n s a n d
Gross r e c e i p t s .
Treasury
notes.
$361,391.34
6,102,498.45
1,797, 272.01
4,007,960.
3,396,424.00
320,000.00
70, 000.00
200, 000.-00
5,000,000.00
1,565,229.24

$4,800.00
42,800.00
78,675,00
10,125,00

2,750,000.00
300.00
85.79
11,541.74
68,665.16
267,819.14
412.62

$32,107.64
686.09

40,000.00

12,837, 900.00
26,184, 136.00
23,377, 826.00
35,220, 671.40
9,425,084.91
466, 723.45
8,353.00
2, 291.00
3,000,824.13
5,000, 324.00
5,000,000.00
5,000,000.00

71,700.83
666.60
28,366.91
37,080.00
487,065.48
10,550.00
4,264.92
22.50

709,357.72
10,008.00
33,630.90
68,400.00
602,346.44
21,174,101.01
11,683,446.89

2,992,989.15
12,716,820.86
3,857,276.21
5,589,547.51
13,659,317.38
14,808,735.64
12,479,708.36
1,877,181.35

$4 771 342,
8 772, 458,
6 4f)0 195,
9 439, 866.
9 515, 758.
8 740, 329,
8 758, 780.
8 179, 170.
12 546, 813.
12 413, 978.
12 945, 465,
14 995, 793,
11 064, 097,
11 826, 307.
13 560, 693.
15 559, 931.
16 398, 019.
17 060, 661.
7 773, 473.
12 134, 214.
14 422, 634.
22 639, 032.
40 624, 844.
34 559, 536.
50 961, 237.
57 171, 421.
S3 833, 592.
21 593, 936.
24 605, 665.
20 881. 493.
19 573, 703.
20 232, 427.
20 540, 666.
24 381, 212.
26 840, 858.
25 260 434.
22 966, 363.
24 763, 629.
24 827, 627.
24 844, 116.
28 626, 820.
31 867, 460.
33 948, 426.
21 791, 935,
35 430, 087
50 826, 796.
27 947, 142.
39 019, 382.
35 340, 025.
26 069, 662,
30 519, 477,
34 784, 932.
20 782, 410,
31 198, 665.
29 970, 105.
29 699, 967.
56 368, 168.
56 992, 479.
69 796, 892.
47 649, 388,
62 762, 704,
49 893, 115.
61 603, 404.
73 802, 343.
65 361, 374.
74 056, 899-.
68 969, 212.
70 372, 665.
S 773, 965.
l
76 841, 407,
83 371 640.
581 680, 121
889 379 652.

28,872, 399.45
21,266, 700.00
28,588, 750.00
4,046,960.00
203,400.00
46, 300.00
16, 360.00
2, 001.67
800.00
200.00
900.00
23,717, 300.00
28,287, 500.00
20,776, 800.00
41,861, 709.74
529,692, 460.50
776,682, 361.57
128,873, 945.36 1,393 461, 017,
472,224, 740.85 1,806 939, 345,

Unavailable.

$1,889,50

63,288.35
1,468,782.93
37,469,25
11,188.00
28,251,90

'36,'666.'66

103,301.37

15,408.34
11,110.81
6,000.01
9,210.40
6,095.11

88

REPORT

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

TABLE J.—STATEMENT OF THE RECEIPTS OF THE UNITED

Balance in
the Treasury at
commencement of year.

Customs.

1866
1867

$33,933,657.89
160,817,099,73

$179,046,651.68
176,417,810,88

1868
1869
1870
1871
1872
1873
1874
1876
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
L900
1901
1902
1903
1904

198, 076,437,09
158, 936,082,87
183, 781,985,76
177, 604,116,51
138, 019,122,15
134, 666, OOL 85
169, 293,673,41
178, 833,339.64
172, 804,061.32
149, 909,377.21
214, 887,646.88
286, 591,453.88
386, 832,688.65
231, 940,064.44
280, 607,668.37
276, 450,903.63
374, 189,081.98
424, 941,403.07
521, 794,026,26
526, 848,766.46
512, 851,434."
659, 449,099.94
673, 399,118,18
691, 527,403,76
726, 222,332,60
778, 604,339.28
738, 467,566,07
763, 666.540.75
773, 610.008.76
846, 093,349.62
864, 790,237.71
776, 751,368,11
867, 980,669.46
1,059, 336,349,58
1,128, 762,603,23
1,221, 259,599,66
1,310, 006,031.^20

164,464, 599.56
180,048, 426,63
194,638, 374,44
206,270, 408.05
216,370, 286.77
188,-.089,522.70
163,103, 833.69
167,167, 722.35
148,071, 984.61
130,956, 493.07
130,170, 680.20
137,250, 047.70
186,522, 064.60
198,169, 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, 684.57
219,522, 206.23
177,452, 964.16
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, 8,71.16
238,585, 455,99
264,444, 708,19
284,479, 581,81
261,274, 664.81




9,380,100,113,72

Internal revenue.

Direct tax.

$309,226,813.42 $1,974,764.12
266,027,637.43 4,200,233.70
191,087 689.41
168,356,460.86
184.899, 756,49
143,098, 153,63
130,642, 177.72
113,729, 314.14
102,409, 784.90
110,007, 493.68
116,700, 732.03
118,630, 407,83
110,581, 624.74
113,561, 610.58
124,009, 373.92
136,264, 385.51
146,497, 695.45
144,720, 368.98
121,586, 072.51
112,498, 726.54
116,805, 936.48
118,823, 391.22
124,296, 871.98
130,881, 513.92
142,606, 706.81
145,686! 249.44
153,97i; 072.67
161,027, 623.93
147, m i 232,81
143,421, 672,02
864,74
• 146,762,
146,688, 674,29
170.900. 641,49
273,437! 161.61
295,327! 926.76
307,180: 663.77
271,880: 122.10
230,810: 124.17
232,904; 119.46

1,788,145.86
765,685.61
229,102,88
580,355.37
315,264,51
93,'

30.85
1,516.89
160,141.69
108,166.60
70,720.76
108,239.94
32,892.05
1,565.82

Public lands. Miscellaneous

$665,03L03 $29,036,314.23
16,037,622.16

1 , 1 6 3 T 5 7 5 . 76

1,348,715.41
4,020,344.34
3,350,48L76
2,388,646.68
2,575,714.19
8,882,312.38
1,852,428.93
1,413,640.17
1,129,466.96
976,263.68
1,079,743.37
924,781.06
1,016,506.60
2,201,863.17
4,753,140.37
7,955,864.42
9,810,705.01
6,705,986.44
5,630,999.34
9,254,286.42
11,202,017.23
8,038,651.79
6,358,272.51
4,029,535.41
3,261,876.58
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
2,83(5,882.98
2,965,119.66
4,144,122.78
8,926,311.22
7,453,479.72

17,746, 403.69
13,997, 338.65
12, 942, 118.30
22,093, 641.21
15,106, 051.23
17,161, 270.06
32,575, 043.32
16,431, 916.31
24,070, 602.31
30,437, 487.42
16,614, 728.09
20,586, 697.49
21,978, 525. 01
26,164, 850.98
31,703, 642.52
30,796, 695.02
21,984, 881.89
24,014, 066.06
20,989, 527.86
26,006, 814.84
24,674, 446.10
24,297, 151.44
24,447, 419.74
23,374, 467.23
20,251, 871.94
18,254, 898.34
17,118, 618.62
16,706, 438.48
19,186, 060.64
23,614, 422.81
83,602, 501.94
34,716, 730.11
35,911, 170.99
38,954. 098.12
32,009, 280.14
36,180, 667.20
38,999, 585,42

6,793,184,697,22 28,131,990.32 320,843,988,76 1,106,377,637.25

a Amount heretofore credited to the Treasurer as

SECRETAEY OF T H E TREASURY.

89

STATES FROM MARCH 4, 1789, TO J U N E 30, 1904, 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
1904

Net ordinary
receipts.

$619,949,564.38
462,846,679. 92
376,434,
357,188,
396,959,
374,431,
364,694,
322,177,
299,941,
284,020,
290,066,
281,000,
267,446,
272,322,
333,526,
360,782,
403,625,
398,287,
348,519,
323,690,
336,439,
371,403,
379,266,
387,060,
403,080,
392,612,
354,937,
385,819,
297,722,
313,390,
326,976,
347,721,
405,321,
515,960,
667,240,
587,685,
562,478,
560,396,
540,631,

Interest.

Premiums.

Receipts
f r o m l o a n s a n d Gross r e c e i p t s .
Treasury
notes.

Unavailable.

$38,083,055.68 $712,851,563.06 $1,270,884,173.11 $172,094.29
27,787,330.36 640,426,910,29 1,131,060,920.56 721,827.93
29,203, 629.50
13,756, 49L12
16,296, 643.76
8,892, 839.96
9,412, 637.65
11,560, 630.89
6,037, 666.22
3,979, 279.69
4,029, 280.68
405, 776.68
317, 102.30
1,506, 047.63
110.00

8,633,295.71
11,339,344.62
11,166,246.41

1,484,048.00
455,336.00

2,675,918.19
626, 111,
433,20
238,678,081.06
286,474,496.00
268,768,623,47
305,047,054,00
214,931,017,00
439,272,536,46
387,971 566.00
397,455,808.00
348,871 749.00
404,581,201,00
792,807,643.00
211,814,103.00
113,750,534.00
120,946,724.00
655,942,564.00
206,877,886.00
246,196,303.00
116,314,850.00
154,440,900.00
285,016,650.00
245, 111,
360.00
246,293,650.00
373,208,857.75
381,463,612.00
347,051,586.00
417,651,223.60
395,787,206.60
482,710,363.50
389,930,220.00
333,227,920.00
622,490,720.00
610,668,056.00
218,978,610.00
89,259,910.00
147,441,230.00
113,720,100.00

, 030, 749,516.
609, 621,828.
696, 729,973.
652, 092,468.
679, 163,921,
648, 669,221.
744, 251,291.
675, 971,607.
691, 551,673.
630, 278,167.
662, 345,079.
, 066, 634,827.
646, 340,713,
474, 532,826.
624, 470,974,
954, 230,146,
556, 397,766,
668, 887,009.
452, 764,577,
625, 844,177.
664, 282,724,
632, 161,408,
648, 374,632,
765, 821,305,
736, 401,296.
732, 871,214,
724, 006,538,
720, 516,625.
820, 852,810,
737, 661,925.
738, 549,256.
,038, 451,340.
,077, 798,907,
806, 663,947.
651, 738,143,
709, 321,952.
654, 807,185.

a 2,070.73
a3,396.18
a 18,228.36
•a 3,047.80
12,691.40

a 1,600.00
47,097.66

a73Lll

$9,720,136.29 17,638,358,463.56 $486,224.45 237,337,491.67 17,609,663,633,09 35,485,844,812.67 2,714,730,71
unavailable a n d since recovered a n d charged to his account.




90

REPORT

TABLE K.—STATEMENT

OF EXPENDITURES

ON* T H E

OF T H E U N I T E D

Navy.

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.,
1826..
1827...
1828...
1829...
1830...
1831...
1832...
1833...
1834...
1835...
1836...
•1837...
1838...
1839...
1840...
1841...
1842...
1843 « .
1844...
1846...
1846...
1847...
1848...
1849...
1850...
1851...
1852...
1863...
1864...
1866...
1866...
1867...
1858...
1859...
1860...
1861...
1862...
1863...
1864...




$632,
P, 100,
1,130,
2,639,
2,480,
1,260,
1,039,
2,009,
2,466,
2,660,
1,672,
1,179,
822,
875,
712,
1,224,
1,288,
2,900,
3,346,
2,294,
2,032,
11,817,
19,652,
20,350,
14,794, 294,
16,012, 096,
8,004, 236,
5,622, 715,
6,506, 300.
2,630, 392,
4,461, 291,
3, 111, 981.
3,096, 924.
3,340, 939.
3,659, 914.
3,943, 194.
3,948, 977.
4,146, 544.
4,724, 291.
4,767, 128.
4,841, 835.
5,446, 034.
6,704, 019.
5,696, 189.
5,759, 156.
11,747, 345.
13,682, 730.
12,897, 224,
8,916, 995.
7,095, 267,
8,801, 610,
6,610, 438,
2,908, 671,
• 5,218, 183.
5,746, 291.
10,413, 370.
35,840, 030.
27,688, 334.
14,558, 473.
9,687, 024.
12,161 965.
8,52i; 606.
9,910, 498.
11,722, 282.
14,648, 074.
16,963, 160.
19,159, 160.
25,679, 121.
23,164, 720.
16,472, 202.
23,001, 530.
389,173, 562.
603,314, 411.
690,391, 048.

FINANCES.

$61, •408.97
410, 562.031
274, 784104
" 382, 631.89
1,381, 347.76
2,868, 081.84
3,448, 716.03
2,111, 424.00|
915, 561.87
1,215, 230.53|
1,189, 832.75
1,597, 500.001
1,649, 641.44
1,722, 064,471
1,884, 067,80
2,427, 758.80
1,664, 244.20
1,966, 566.39
3,959, 365.16
6,446, 600.10
7,311, 290. 60
8,660, 000.25
3,908, 278.30
3,314, 598.49
2,953, 695.00|
3,847, 640.42
4,387, 990. OOl
3,319, 243.06|
2,224, 458,
2,503, 766,831
2,904, 581.56
3,049, 083.86f
4,218, 902.451
4,263, 877.46
3,918, 786.44
3,308, 745.47
3,239, 428.63
3,866, 183.07
3,966, 370.29
3,901, 356,75
3,956, 260,42
3,864, 939.06
5,807, 718,23
6,646, 914,53
6,131, 580,53
6,182, 294,25
6,113, 896.89
6,001, 076,97
8,397, 242.95
3,727, 711.5S|
6,498, 199.11
6,297, 177.891
6,456, 013.92
7,900, 636.76
9,408, 476.02
9,786, 705,92
7,904, 724.66
8,880, 681.38
8,918, 842.10
11,067, 789.63
10,790, 096.321
13,327, 095.11
14,074, 834.64
12,651, 694,61
14,053, 264. 64
14,690, 927.90
11,514, 649,83
12,387 156.52
42,640, 363.09
63,261, 235.31
85,704, 963.74

S T A T E S F R O M M A R C H 4,
J U N E 30) F R O M

Indians.

Pensions.

$27,000.00
13,648.85,
27,282.831
13,042.46
23,475.-68
113,563.98
62,396.58
16,470.09
20,302.19
31.22
9,000.00
94,000.00
60,000.00,
116,500.00
196,500.00
234,200.00
205,425.00
213,575.00
337,503,84,
177,626.00
151,876. ool
277,846.00
167,358.28
167,394.86
530,760.00
274,512.16
319,463.71
505,704.27
' 463,181.39
315,750,01,
477,005,44
575,007,41
,380,781.82
. 429,987.90
724,106,44
743,447,83,
750,624.88|
705,084.24
676,344.74
622,262.47
930,738.04
1,352,419.75
1,802,980,
1,003,953.20
1,706,444,48
5,037,022.88
4,348,036,19
5,604,191.34
2,628,917.28
2,331,794.86
2,614,837.12
1,199,099.68
578,371. O I
O
1,256,532.39
1,539,351.35
1,027,693.64
1,430,411.30
1,252,296.81,
1,374,161.66
1,663,691.471
2,829,801.77
3,043,576,04
3,880,494,12
1,560,339,55,
2,772,990,78|
2,644,263.97
4,354,418.87
4,978,266.18
3,490,634.53
2,991,121,64
2,865,481,17
2,327,948,37
3,162,032.70
2,629,976.971

$175,813.88
109,243,15|
80,087.81
81,399.24
68,673.22|
100,843.71
92,256.971
104,845.33
95,444.03
64,130.73
73,533.37
85,440.39
62,902.10
80,092.80
81,854.69
81.875.53
70,500.00
82,576.04
87.833.54
83,744.16|
75,043.88
91,402.10|
86,989.91
90,164.36|
69,656.06
188,804.15
297,374.43
890,719.90
2,415,939.85|
3.208.376.31
242,817,251
1,948,199.40
1,780,588.52
1,499,326.59
1,308,810.67
1,556,593.831
976,138.86
860,573.67[
949,594.47
1,363,297.31
1,170,665.14
1,184,422.401
4,589,152.40
3,364,285.30
1.954.711.32
2,882,797.96
2,672,162,46
2,166,057,29
3,142,750.51
2,603,562.171
2,388,434.51
1.378.931.33
839,041.12
2,032,008.99
2,400,788.11
1,811,097,66
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
1,477,612,33i
1.296.229.65
1,310,380,58
1,219,768.30
1,222,222.71
1,100,802,32
1,034,599,73
852,170.47
1,078,613.36
4,986,473.90'

Miscellaneous.

$1,083, 971.61
4,672, 664,38!
511, 451.01
750, 350.74
1,378, 920,66
801, 847.58|
1,259, 422,621
1,139, 524.94
1,039, 391.68
1,337, 613.22
1,114, 768.46
1,462, 929.40
1,842, 635.76
2.191, 009.43
3,768, 598.75
2,890, 137.01
1,697, 897.51
1,423, 285.611
1,215, 803.79
1,101, 144.98
1,367, 291,40
1,683, 088.21[
1,729, 436,61
2,208, 029.70|
2,898, 870.47
2,989, 741.17
3,518. 936.76
3,836; 839.51
3,067, 211.41
2,592, 021,94
2,223, 121,54
1,967, 996.24
2,022, 093.99
. 7,155, 308.81
2,748, 544.89
2,600, 177.79
2,713, 476.68
3,676, 052. 64
3,082, 234. 651
3,237, 416.04
3,064, 646. lOl
4,577, 141.45
5,716, 245,93
4,404, 728.95
4,229, 698,53
5,393, 279,72
9,893, 370.27
7,160, 664.76
5,725, 990.89
5,995, 398.96
6,490, 881,45
6,775, 624,61
3,202, 713,00]
5,645, 183.86
5,911, 760.98
6,711, 283.89
6,885, 608. 35
5,650, 861,26
12,885, 334.24
16,043, 763.36
17,888, 992.18
17,504 171,45
17,463, 068,01
26,672, 144.68
24,090, 425.43
31,794, 038,871
28,565, 498.77
26,400. 016,42|
23,797, 544,40
27,977, 978,30
23,327, 287.69
21,386, 862,59
23,198, 382.37
27,672, 216,87'

a F o r t h e h a l f y e a r from

SECRETARY' OF THE TREASURY.
1789, TO J U N E 30, 1904,
THAT TIME.

BY CALENDAR YEARS TO 1843

Year, N e t o r d i n a r y e x - P r e m i u m s .
penditures.

1791
1792
1793
1794
1795
1796
1797
1798
1799
1800
1801
1802
1803
1804
1805
1806
1807
1808
1809
181.0
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
1846
1846
1847
1848
1849
1850
1851
1852
1853
1864
1855
1856
1867
1858
1859
1860
1861
1862
1863
1864

,919,689.
5,,896,258.
1,, 749,070.
3,,545,299.
4, 362,641.
2, 551,303.
2, 836,110.
4, 651,710.
6,.480,166.
7. 411,369.
4, 981,669.
3, 737,079.
4, .002,824.
4, 462,868.
357,234.
6, 080,209,
6, 984,572.
4, 504,338,
6, 414.672.
7, 311,082,
5, 592,604.
5, 829,498,
17, 082,396.
28, 127,686.
30, 953,571.
• 26, 373,432.
23, 454,609.
15, 808.673.
13, 300,273.
16, 134,530.
13, 723,479.
10, 827,643.
9, 784,164.
9, 330,144.
15, 490,'459.
11, 062,316.
13, 653,095.
12, 296,041.
13, 641,210.
12, 229,533.
13, 864,067.
13, 516,388.
16, 713,755.
22, 426,417.
18, 614,960.
17, 868,164.
SO, 243,214.
37, 849, 718.
33, 496,948.
26, 139,920,
24, 196,840,
26, 361,336,
• 24, 256,508.
11, 650,108.
$18,231.43
20, 895,369.
21, 418,469.
26, 801,669,
53, 227,464,
45, 933,542,
82,865.81
39, 165,990,
37, 054,717,
69,713.19
44, 389,954.
170,063.42
40, 078,166,
420,498.64
44, 967,528.
2,877,818,69
51, 316,197.
872,047,39
56, 772,527.
386,372.90
66, 041,143,
363,672,39
66, 330,437.
674,443,08
72, 355,960.
66, 056,754.
60, 616,066.
62, 379,896.
456, 004,575.
694, 283,679.
811,
J a u u a r y 1 t o J u n e 30,1843.




Interest.

$1,177, 863.03
2,373, 611.28
2.097,859.17
2,752, 523.04
2,947,059.06
3,239, 347.68
3,172, 516.73
2,955,875.90
2,81.5,651.41
601.04
• 3,402,
4,411, 830.06
4,239,172.16
3,949,462.36
4,185, 048.74
2,657, 114.22
3.368, 968,26
3.369, 678,48
2,557,074.23
2,866,074.90
3,163, 671.09
2,585, 435.57
2,451, 272.57
3,599,455.22
4,593, 239.04
5,990, 090.24
7,822, 923.34
4, 536,282.65
6,209,954.03
5,211,730.56
5,161,004.32
6,126,073.79
5,172,788.79
4, 922,476.40
4,943, 657,93
4,366, 757.40
3,975, 542.95
3,486,071.51
3.098,800,60
2,5-42,843.23
1,912,574.93
1,373,748.74
772, 561. 50
303, 796,
202, 162.98
57, 863.
14, 996.
399, 833.89
174, 598.08
284, 977.55
773, 549,85
523, 683,91
1,"" 452,13
1,040; 458,18
842, 723.27
1,119, 214.72
2,390, 765.88
3,665, 535.78
3,782, 393.03
3,696, 760.75
4,000, 297.
S, 665,832.74
3,070, 926.69
2,314, 464.99
1,953, 822.37
1,593, 265.23
1,652, 055.67
2,637, 649.70
3,144. 120,94
4,034, 157.30
13,190, 344.84
24,729, 700,62
53,685, 421.69

91

AND BY FISCAL YEARS (ENDED

Public debt.

Gross e x p e n d i tures.

$699, 984. 23
$3,797, 436.78
093, 050.25
8,962, 920.00
2,633, 048.07
6,479,977. 97
2,743, 771.13
9,041,593.17
2,841, 639.37
10,151, 240.15
2,577, 126.01
8,367, 776.84
2,617, 250.12 . 8,625,877.37
976, 032.09
8,583,618.41
1,706, 578.84
11,002, 396.97
1,138, 563.11
11,952, 534.12
2,879, 876.98 . 12,273,376.94
5,294, 235.24
13,270, 487. 31
3.306,697.07
11,258, 983.67
3,977, 206.07
12,615, 113.72
4,583,960.63
13,598, 309.47
5,672, 018.64
15,021, 196.26
2,938, 141.62
11,292, 292.99
7,701, 288. 96 '16,762, 702.04
3,586,479.26
13,867, 226.30
4,835, 241.12
13,309, 994.49
5,414, 664.43
13,592, 604.86
1,998,349.88
22,279, 121.15
7, 508,668.22
39,190, 620.36
3.307, 304.90
38,028, 230.32
0, 638,
832.11
39,582, 493.35
48,244, 495.61
17,048, 139.
40,877, 646.04
20,886, 753.57
35,104, 875.40
15,086, 247,59
24,004, 199.73
2,492, 195,73
. 21,763,024.85
3,477,489,96
19,090, 572.69
3,241,019.83
17.676,592.63
2,676, 160.S3
15,314,171.00
607 641.01
31,898,638.47
11,624, 835.83
23,585,804.72
7,728, 587.38
24,103,398.46
7,065, 539.24
22,656,764,04
6,617, 596.88
25,469,479.62
9,064, 637.47
25,044,358.40
9,860, 304.77
24,685,281,55
9,443, 173.29
30,038,446,12
14,800, 629.48
34,356,698.06
17,067, 747,79
24,257,298.49
1,2.39,746,51
24,601,982.44
5,974, 412.21
328.20
17,673,141.56
30,868,164.04
37,265,037.16
21, 822.91
39,455,438.35
5,590, 723.79
37,614,936.15
10,718, 153.53
28,226,533.81
3,912, 015.62
31,797,630.03
5,315, 12.19
32,936,876.63
7,801. 990;09
12,118,105.15
338; 012.64
33,642,010.85
11,158, 450.71
30,490,408.71
7,536 349.49
27,632,282.90
371, 100.04
60,520,861.74
5,60.0. 067.65
60, 655,143.19
13,036! 922.54
12,804! 478.64
56.386, 422.74
3,656, 335.14
44,604, 718.26
654. 912.71
48,476, 104.31
2,152; 293.05
46,712, 608.83
6,412, 574.01
54.677, 061.74
17,556: 896.95
75,473, 170.75
6,662: 065.86
66,164, 775.96
72,726, 341.67
3,614: 618.66
71,274, 587.37
3,276, 606.06
82,062, 186.74
7,506, 260.82
14,685, 043.15
83.678, 642.92
13,854, 260.00
77,065, 125.65
18,737, 100.00
85.387, 313,08
96,097, 322.09
565,667, 563.74
899,816, 911,26
181,081, 635.07
430,672, 014.03 1,296,541, 114.86

Balance in
Treasury at
t h e e n d of
the year.
905, 76
783, 444.61
753, 661.69
1,151,924.17
516, 442.61
888, 995.42
1,021,899.04
617, 461.43
2,161,867.77
2,623,311.99
3,295,391.00
5,020,697.64
4,825,811,60
4,037,005,26
3,999,388,99
4,638,123,80
9,643,860.07
9,941,809.96
3,848,066.78
2,672,276.67
3,602,305.80
3,862,217.41
6,196,642.00
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
4,237,427.66
9,463,922.81
1,946,697.13
5,201,660.43
6,358,686.18
6,668,286.10
5,972,435.81
5.755,704.79
6;014,539.75
4,502,914.45
2,011,777.55
11,702,906.31
8,892,858.42
26,749,803,96
46,708,436.00
37,327,262.69
36,891,196,94
33,167,503.68
29,963,163.46
28,685,111.08
30,621,979.44
39,186,284,74
36,742,829.62
36,194,274.81
38,261,969.66
33,079,276.43
29,416,612,45
32,827,082.69
35,871,753.31
40,158,363.25
43,338,860,02
50,261,901.09
48,691,073.41
47,777,672,13
49,108,229.80
46,802,856,00
35,113,334,22
33,193,248.60
32,979,630.78
30,963,857.83
46,966,304,87
36,623,046,13
134,433,738.44

92

REPORT ON THE F I N A N C E S .
TABLE K.—STATEMENT OF THE EXPENDITURES OF THE U N I T E D

Year.

War.

Navy.

Indians.

Pensions.

Miscellaneous.

$1,030,690,400.06 $122,617,434.07
43,285,662 OOl
283,154,676.06

1865.
1866.

$5,059,360.71
3,295,729.32

$16,347,621.34
15,606,549.88

$42,989,383.10
40,613,114.17

716,561,816.39
a77,992,17

103,369,211,42
"53,286,61

119,607,656,01
a9,737,87

643,604,654.33
a718,769,52

3,568,638,312.28
as, 621,780.07

;, 672,260, 092.35 717,629, 808.56 103,422, 498.03
4,642, 531.77
95,224, 415,63
31,034, Oil.04
4,100, 682.32
123,246, 648,62
25,775, 502.72
7,042, 923.06
78,501, 990,61
20.000 767.97
3,407, 938.15
57,655, 675,40
21,780 229.87
7,426, 997.44
35,799, 991,82
19,431, 027.21
7,061, 728.82
35,372, 157,20
21,249, 809.99
7,951, 704.88
46,323, 138, Sll
23,526, 256,79
6,692, 462.09
42,313, 927,22
30,932, 587.42
8,384, 656.82
41,120, 645,98
21,497, 626,27
5,966, 658.17
38,070, 888,64; 18,963, 309,82
5,277, 007.22I
37,082, 735,90l
14,959, 935.36
4,629, 280.281
32,164, 147,861 17,366, 301,37
6,206, 109.08
40,426, 660,73
15,125, 126,84
5,945, 457.09
38,116, 916.22
13,536, 984.74
6,514, 161.09
40,466, 460.66
15,686, 671,66
9,.736, 747.40
43,570, 494.19
15,032, 046.26|
7,362, 590.34^
48,911, 382.93
15,283, 437.17
6,475, 999.29|
39,429, 603,36| 17,292, 601.441
6,652, 494.63|
42,670, 578.47
16,021 079.67
6,099, 158.17
34,324, 152.74| 13,907', 887.74|
6,194, 522.691
38,561, 025.86| 15,141, 126.
6,249, 307.87
38,522, 436.11
16,926, 437.65|
6,892, 207.78
44,435,- 270.85| 21,378, 809.31
6,708, 046.67|
44,682, 838.081 22,006, 206.24l
8,627, 469.01
48,720, 065; 01
26,113, 896.46
11,160, 677.67|
46,895, 456. sol 29,174, 138.98
13,345, 347.27
49,641, 773.47
SO, 136, 084.43
10,293, 481.52|
54,567, 929.85
31,701, 293.79
9,939, 754.21
51,804, 769.13
28,797, 795. 73
12,165, 528.281
50,830, 920.89
27,147, 732.38
13,016, 802.46
48,950, 267.89
34,561, 546.29
10,994, 667.70
91,992, 000.29
68,823, 984.80
12,805, 711.14
229,841, 254.47
63,942, 104.25
134,774, 767.78
65,963, 077.72 -10,176, 106.76
144,615, 697.20
60,606, 978.471 10,896, 073.35
10,049, 684.86
112,272, 216.08
67,803, 128.24
12,935, 168.08
118,619, 620.16
82,618, 034.18
10,438, 350.09
115,035, 410.58 102,956, 101.56

1867..:
1868...
1869.
1870
1871
1872
1873
1874
1875..:
1876
1877
1878
1879
1880
1881
1882...
1883
1884
1885
1886
1887
1888-.---....
1889
1890
1891
1892
1893
1894..1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
Total

6,027,705,314.70 1,881,720,477,18

119,617. 393.88 644,323,323,85
51,110,223.72
20,936: 551.71
53,009,867.67
23,782, 386.78
66,474,061,53
28,476, 621.78
53,237,461,66
28,340, 202.17
60,481,916.23
34,443, 894.88
60,984,757.42
28,533, 402.7b
73,328.110.06
29,359, 426.86
86,141,593,61
29,038, 414.66
29,456, 216.22 r 7 1 , 070,702.98
28,267, 396.69
73,599,661,04
27,963, 752.27
58,926,532,63l
27,137, 019.08
58,177,703.671
35,121, 482.39
63,741,556.49
56,777. 174.44
54,713,529.76
50,059, 279.62
64,416,324.71
61,345, 193.95
57,219,750.981
66,01.2, 573.64I
68,678,022.21
55,429, 228.061
70,920,433.701
66,102, 267.49
87,494,258.38
63,404, 864,03
74,166,929.85
75,029, 101.79
85,264,825.69
80,288, 508,77
72,952,260.80
87,624, 779.11
80,664.064.26
106,935, 865.07
81,403,256.49
124,415, 951.40 110,048,167.491
134,683, 052.79
.99,841,988.61
159,367, 557.87 103,732.799.27
141,177, 284.96 101,943.884.07
141,395, 228.87
93,279,730.141
139,434, 000.98
87,216,234.62
141,063, 164.63
90,401,267.82
147,462, 368.61
96,520,605.17
139,394, 929.07 119,191,255.901
140,877, 316.02 105,773,190,16
139,323, 621.99 122,282,-003.10
138,488, 559,73| 113,469,323.91
138,426, 646.07 124,944,289.74|
142,559, 266,361 186,766,702,92

412,677,393,55 3,217,411,936,46 3,813,912,470.91
a 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 paicl b y t h e T r e a s u r e r u p t o J u n e 30,1866,




The

93

SECRETART OF T H E TREASURY.
STATES FROM MARCH 4, 1789, TO J U N E 30, 1904,

Year.

Net ordinary exPremiums.
penditures.

1866 $1,217,704,199.28 $1,717,900.11
385,954,731.43
58,476.61
1866
5,152,771,650.43 7,611,003.56
a 4,481,666.24
1867
1868
1869
1870
1871
1872
1873
1874
1876
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904

5,167,263,116,67
202,947,733,87
229,915,088.11
190,496,354.95
164,421,507.15
167,583,827.58
153,201,856.19
180,488,636.90
194,118,985.00
171,529,848.27
164,867.813.36
144,209,963.28
134,463,462.15
161,619,934.53
169,090,062.25
177,142.897.63
186,904,232.78
206,248,006.29
189,547,865.85
208,840.678.64
191,902,992.53
220,190,602.72
214,938,951,20
240,996,131.31
261,637,202.55
317,825.549.37
321,645,214.35
356,213,662.31
339,683,874.19
325,217,268,08
316,794,417.15
327,983,049.09
405,783,526.57
665,175,264,
447,553,458.44
477,624,374,11
442,082,812,82
477,542,658.22
557,755,831.50

7,611,003.56
10,813,349.38
7,001,151.04
1,674,680.06
15,996,655,60
9,016,794.74
6,958,266.76
6,106,919.99
1,395.073.55

2,796,320,42
1,061,248.78

8,270,842.46
17,292,362.66
20,304,224.06
10,401,220.61

33,147,054.81
14,649,572.95
14,043,391.14
10,907,119.82
1,257,578.01

Interest.

ETC.—Continued.

Public debt.

Gross expenditures.

Balance in
Treasury at
the end of
the year.

$77,395,09b.30 $609,616,141.68 fl, 906,433,331.37 $33,933,657.89
133,067,624.91 620,263,249.10 1,139,344,081.95 165,301,654.76
502,689,519.27 2,374,677,103.12 8,037,749,176.38
a 100.31 a 54,484,655.03 a 4,484,555. OS
a 2,888.48
602,692,407.75
•143,781,591.91
140,424,045.71
130,694,242.80
129,235,
00
125,676,565.93
117,357,839.72
104,750,688.44
107,119,816.21
103,093,544.67
100,243,271.23
97,124,511.58
102,500,874.65
105,327;949.00
95,757. 576.11
82,508;741.18
71,077 206.79
59,160,131.25
54,578,378.48
51,386,256.47
50,580,145.97
47,741,577.25
44,715,007.47
41,001,484.29
36,099,284.05
37,547,135.37
23,378,116.23
27,264,392,18
27,841,406,64
30,978,030.21
35,386,028,93
37,791,110.48
37,586,056,23
39,896,925.02
40,160,333.27
32,342,979.04
29,108,044,82
28,556,348,82
24,646,489.81

,374,677,203.43 8,042, 233,731.
735,536,980.11 1,093, 079,655.
692,649,685.88 1,069, 889,970,
261,912,718,31
584, 777,996.
393,254,282,13
702, 907,842,
399,603,670.65
691, 680,858.
405,007,307.54
682, 525,270.
233,699,352.68
524, 044,697.
422,066,060.23
724, 698,933.
407,377,492.48
682, 000,885.
449,345,272.80
714, 446,357,
323,965,424.05
665, 299,898.
353,676,944.90 590, 641,271.
699,445,809.16
966, 393,692,
432,590,280.41
700, 233,238,
165,162,335.05 425, 865,222,
271,646,299.55
529, 627,739,
590,083,829.96
855, 491,967.
260,520,690.50
604, 646,934.
211,760,353.43 471, 987,288.
205,216,709.36
447, 699,847.
271,901. 321.16
639, 833,501.
249,760,258.05 617, 685,069.
318,922,412.35
618, 211,390.
312,206,367.50
630, 247,078.
365,352. 470.87
731, 126,376.
338,995,958.98
684, 019,289.
389,530. 044.50 773, 007,998.
331,383,272.95
698, 908,552.
354,276. 858.93
710, 472,157.
396,190: 023.35
748, 369,469.
353,180,877.50
718, 955,037.
384,219,542,00 827, 688,124.
341,149,968,98
946, 222,148.
365,682,271,25
886, 443,117.
212,620,767,78 737, 237,693,
74,006,898.00 559, 241,146.
620, 575,620,
103,569,394,00
635, 841,196,
52,181,296.75

160,817,099,73
198,076,537.09
158,936,082.87
183,781,985,76
177,604,116.61
138,019,122.15
134,666, OOL 85
169,293,673.41
178,833,339.64
172,804,061.32
149,909,377.21
214,887,645.88
286,591,463.88
386,832,688.65
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
738,467,556.07
763,565,540.75
773,610,008.76
846,093,349.62
864,790,237.71
775,751,368.11
867,980,659.46
1,059,336,349.68
1,128,762,603.23
1,221,259,699.66
1,310,006,031,20
1,328,972,020.63

15,353,427,592.79 199,702,730,38 3,097,010,030,8615,504,017,707,40 34,154,158,061,43
warrants.
outstanding warrants are then added, and the statement is by warrants issued from that date.




94

REPORT ON THE FINANCES.

TABLE L.—STATEMENT OF THE N E T DISBURSEMENTS (BY WARRANTS) DURING THE FISCAL
YEAR ENDED JUNE 30, 1904.
CIVIL,
Congress
Executive
Judiciary
Government in the Territories
Subtreasuries
Public land offices
oMints and assay offices

$5,351,249,62
14,010,121,33
7,477,527.18
181,336.18
489,543.43
738,637.13
229,649.45

:

$28,478,064.22
F0R.E1GN INTERCOURSE.
Diplomatic salaries
Consular .salaries
Contingent expenses of foreign missions
'
Contingencies of consulates
:
Relief, protection, and rescuing shipwrecked American seamen
International Union of American Republics
Pay of consular oilicers for services to American vessels and seamen . .
Emergencies arising in the diplomatic and con.suhir service
International Exposition at Paris
Canadian Commission
Spanish indemnity
Chinese inderanity
Venezuelan indemnity
'.
Pious fund of the Californias
Other trust funds
Miscellaneous items

466,398.19
919,677.86
237,965.86
347,071.82
33,278.19
36,060.16
14,118.77
113,776.57
7,426.14
56,833.13
57,000.00
1,002,112.95
60,170.62
635,820.87
77,519.39
227,654.44
4.191,884.80

MISCELLANEOUS,
PubHc printing and binding
Building, Government PrintingOllice
Judgments for 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 ta.x on export bills of lading
Collecting revenue from customs
$8,665,636.37
Detection and prevention of frauds upon the customs revenue
•
118,849.75
Investigation and prosecution of frauds. Customs Service.
25,000.00
Repayment to importers excess of deposits
Debentures and drawbacks under customs laws
Revenue-Cutter Service
Revenue vessels
Life-Saving Service
Public Heal th and Marine-Hospital Service
Engraving and printing
\
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 ofnational currency
:
Transportation and recoinage of coin
Preventing the spread of epidemic diseases
Suppressing counterfeiting and other crimes
Interstate Commerce Commission
Expenses under Smithsonian Institution
National Museum
National Zoological Park
French spoliation claims
Payment for improvements, Potomac River Flats
Payment of debt of Hawaii
Louisiana Purchase Exposition, St. Louis
Canal connecting the Atlantic and Pacific oceans
District of Columbia:
General expenses
$8,433,470.59
Water department, payable from the water fund
• 688,304.47
Special trust funds
270,250.04
Buildings and grounds in Washington under Chief Engineer
Fuel, lights, etc., State, War, and Navy Department building
Care, maintenance, etc., of Washington Monument
Prevention of deposits in New York Harbor
Equestrian statue of Gen. W. T. Sherman
Photolithograpbing for the Patent Office
Official Gazette, Patent Office




„.

6,328,622.64
172,939,86
13,830,87
264,409,72
1,171,723,29
4,384,546.74
42,796.82
264,846.07
80,526.27
70,379.70
20,573.89
59,794.94
345,277.35
41,917,92
19,042,01

8,809,486.12
3,579,677.52
4,904,016.01
1,524,763.63
153,275.13
1,779,443.69
1,424,362.73
2,756,163.65
10,188,692.82
1,048,939.01
961,447.87
321,921.70
242,762.12
23,922.47
291,971.58
194,452.41
118,032.87
314,997.72
134,869.75
286,946.60
85,230.69
32,638.65
14,081.60
21,689.83
10,037,267.18
50,164,500.00

9,392,025.10
252,135.06
42,616.98
11,508.00
92,286.91
54,659.90
127,842.76
188,469.96

SECRETARY^ OF THE TREASURY.

95

TABLE L.—STATEMENT OF THE N E T DISBURSEMENTS (BY WARRANTS) DURING THE FISCAL
Y E A R ENDED JUNE 30, 1904—Continued.
MISCELLANEOUS-Continued,
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 two per cent funds to States
Government Hospital for the insane
Columbia Institution for the Deaf and Dumb
Howard University
Capitol building and grounds
Office building, House of Representatives
Interior Department building
Colleges for agriculture and the mechanic arts
Schools outside incorporated towns, Alaska
Deficiency in the postal revenues
Mail transportation, Paciiic railroads
Department of Agriculture
Weather Bureau
•
National Bureau of Standards..
Perraanent Census Office
Coast and Geodetic Survey
Light-House Establishment
;
F.'.sh Commission
Steamboat-Inspection Service
Bureau of Immigration
.Enforcement of Chinese-exclusion acts
Expenses of regulating immigration
Salaries, shipping services
Services to American vessels
Supplies for native inhabitants of Alaska
Payment of judgment, Court of Claims
Miscellaneous items
INTERIOR DEPARTMENT.
Indians
Pensions

$244,009.33
352,424.46
131,471.10
248,599,58
917,231.33
106,712.63
1,611,650.19 •
203,115.40
99,486.15
191,457.51 •
70,349,68
332,016.35
1,012,843.62
93,000,00
42,921,00
218,657,34
756,452,05
13,204,13
1,200,000,00
52,528,38
6,502,530.86
739,706,12
4,387,268.93
1,227,147,57
160,378,61
1,219,765,38
744,676,23
4,904,124,63
593,449,47
389,741.73
161,785.18
459,688.99
1,233,422,42
60,905,89
10,633.37
15,384.46
56,796,17
485,617.80
$164,096,763.84
$10,438,360.09
142,659,266.36

MILITARY ESTABLISHMENT.
Pay Department
$27,213,014.67
Pay Department, bounty and miscellaneous
175,365.91
.Extra pay, etc,, war with Spain
275,800,60
Commissary Department
5,446,558.73
(Quartermaster's Department
28,457,048.20
Barracks and quarters, Philippine Islands..'.
271,731.27
National cemeteries, roads, etc
229,446,14
Medical Department
1,200,022,60
Artificial limbs, etc
138,693,68
Ordnance Department
6,912,245,18
Armories and arsenals
J
636,214.42
Armament of fortifications
f
2,908,522,62
Gun and mortar batteries
2,358,753.70
Military Academy
414,712,72
Engineer Department
1,329,681,71
Engineer school, Washington, D.C
494,703.26
Building, Army War College, Washington, D. C
45,000.00
Improving rivers a n d harbors
22,546,055.94
Survey of northern and northwestern lakes.
103,349.24
Military telegraph a n d cable lines, Alaska
262,000.00
Signal Service of t h e Army
661,408.93
National defense
63,226.22
Construction of military posts, roads, etc
3,125,587.68
Support of Soldiers' Home
687,653,49
Soldiers' Home, permanent fund and interest account
441,986,99
State or Territorial Homes for Disabled Volunteer Soldiers
796,239,99
Support of National Homes for Disabled Volunteer Soldiers
4,404,270,09
Chickamauga and Chattanooga National Park
41,714.12
Shiloh National Park
54,973,54
Yellowstone National Park
167,172.38
Vicksburg National Park
166,177.61
Gettysburg National Park
59,623.43
Enlargement of Governors Island, New York Harbor
70,000.00
Reimbursing States and Territories for expenses of raising troops, war
with Spain
39,305.72
Refunding to States expenses incurred in raising volunteers
2,534,633.51
Bringing home remains of officers, soldiers, and others who die abroad.
11,969.65
Reliefs and reimbursements
:
58,440.58
Miscellaneous items
313,207,06




152,997,616,45

115,035,410.58

96

REPORT ON T H E FINANCES.

TABLE L.—STATEMENTOF THE N E T DISBURSEMENTS (BY WARRANTS) DURING THE FISCAL
Y E A R ENDED JUNE. 30, 1904—Continued.
NAVAL ESTABLISHMENT.
Emergency fund
Pay, etc., of the Navy
Pay, miscellaneous
Deposit fund
Contingent, Navy
Marine Corps
Naval Academy
Navigation
Ordnance
Equipment
Yards and Docks
Medicine and Surgery
Supplies and Accounts
Construction and Repair
Steam Engineering
Increase of the Navy
Navy transportation, Pacific railroads
Judgments, bounty for destruction o[ enemies' vessels.
Miscellaneous items'

$91,762.40
17,184,467.18
674,497,59
534,595.39
17,404.39
3,798,984.05
1,880,997.40
1,499,496.69
3,795,316.37
6,429,908.79
7,696,779.34
717,814.56
6,317,737.24
8,512,234.78
3,763,322,61
39,638,188,84
99,725,25
32,84C, 67
270,029.11

Interest on the public debt
Total net ordinary expenditures
Redemption of the public debt
Premium
Total expenditures ..»




.,

$102,956,101.66
24,616,489.81
582,402,321.31
52,181,296.75
1,267,578.01
635,841,196.07

97

SECRETARY OF T H E TREASURY.

TABLE M.—STATEMENT OF THE COIN AND PAPER CIRCULATION OF THE UNITED
STATES FROM 1860 TO 1904, INCLUSIVE, WITH AMOUNT OF C^CIRCULATION PER
CAPITA.

Year,

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....
1904....

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 $207,102,477
250.000.000
202,005,767
26,000,000
333,452,079
25,000,000
649,867,283
25,000,000
680,588,067
25,000,000" 746,129,765
25,000,000
729,327,254
25,000,000
703,200,612
25,000,000
691,553,578
25,000,000
690,351,180
25,000,000
697,868,461
25,000,000
716,812,174
25,000,000
737,721,565
25,000,000
749,445, 610
„ 25,000,000
781,024,781
25,000,000
773,273,509
52,418,734
738,264,650
65,837,606
697,216,341
102,047,907
687,743,069
357,268,178
676,372,713
494,363,884
691,186,443
647,868,682
701,723,691
703,974,839
705,423,050
769,740,048
702,764,297
801,068,939
686,180,899
•872,175,823
665,257,727
903,027,304
658,380,470
1,007,513,901
625,898,804
.1,092,391,690
599,049, 337
1,100,612,434
558,059,979
1,152,471,638
632,651,791
1,112,956,637
564,837,407
1,131,142,260
621,076,937
.1,066,223,357
672,585,115
1,098,958,741
706,120,220
1,114,899,106
704,460,461
1,097,610,190
702,364,843
1,213,780,289
692,216,330
1,397,785, 969
676,788,473
1,508,543,738
681,550,167
1,607,352,213
732,348,460
1,734,861,774
748,206,203
1,829,913,551
733,353,107
1,905,116,321
779,594,666
1,994,610,024
808,894,111

$442,102,477
452,005,767
358,452,079
674,867,283
. 705,588,067
770,129,755
754,327,254
728,200,612
716,553,578
715,351,180
722,868,461
741,812,174
762,721,565
774,445,610
806,024,781
798,273,509
790,683,284
763,053,847
789,790,976
1,033,640,891
1,185,550,327
1,349,592,373
1,409,397,889
1,472,494,345
1,487,249,838
1,537,433,550
1,561,407,774
1,633,412, 705
1,691,441,027
1,658,672,413
1,685,123,429
1,677,794,044
1,752,219,197
1,738,808,472
1,805,078,961
1,819,359,657
1,799,975,033
1,905,996,619
2,073,574,4422,190,093,905
2,339,700,673
2,483,067,977
2,563,266,658
2,684,710,987
2,803,604,135

Coin b u l l i o n ,
and paper
money in
Circulation,
Treasury, as
assets.
$6,695,225
3,600,000
23,754,335
79,473,245
35,946,589
55,426,760
80,839,010
66,208,543
36,449,917
50,898,289
47,655,667
25,923,169
24,412,016
22,663,801
29,941, 750
44,171,662
63,073,896
40,738,964
60,658,342
215,009,098
212,168,099
235,354,254
235,107,470
242,188, 649
243,323; 869
244,864,935
308,707, 249
315,873,562
319,270,157
278,310, 764
255,872,159
180,353,337
150,872,010
142,107, 227
144,270,253
217,391,084
293,540,067
265,787,100
235,714,547
286,022,024
284,549,675
307,760,016
313,876,107
317,018,818
284,361,275

$436,407,252
448,406,767
334,697,744
595,394,038
669,641,478
714,702,995
673,488,244
661,992,069
680,103,661
664,452,891
675,212,794
715,889; 005
738,309,549
751,881,809
776,083,031
754,101.947
727,609,388
722,314,883
729,132,634
818,631,793
973,382,228
1,114,238,119
1,174,290,419
1,230,305,696
1,243,925,969
1,292,568,615
1,252, 700,625
1,317,539,143
1,372,170,870
1,380,361,649
1,429,251,270
1,497,440,707
1,601,347,187
1,596,701,245
1,660,808,708
1,601,968,473
1,506,434,966
1,640,209,519
1,837,859,895
1,904,071,881
2,055,150,998
2,175,307,962
2,249,390,551
2,367,692,169
2,519,142,860

Population.

31,443,321
32,064,000
32,704,000
33,365,000
34,046,000
34,748,000
35,469,000
36,211,000
36,973,000
37,756,000
38,558,371
39,555,000
40,596,000
41,677,000
42,796,000
43,961,000
46,137,000
46,353,000
47,598,000
48,866,000
50,156,783
51,316,000
52;496,000
53,693.000
54,911,000
56,148,000
57,404,000
68,680,000
69,974,000
61,289,000
62,622,250
63,947,000
65,191,000
66,456,000
67,740,000
69,043,000
70,355,000
71,704,000
73,060,000
74,433,000
76,295,220
77,754,000
79,117,000
80,487,000
81,867,000

Circulation
per
capita.
$13.85
• 13.98
10.23
17.84
19.67
20.57
18.99
• 18.28
18.39
17.60
17,60
18.10
18,19
18,04
18.13
17.16
16.12
15,58
15,32
16,75
19,41
21,71
22,37
22,91
22.65
23,02
21.82
22.45
22.88
22.52
22.82
23.42
24.56
24.03
24.62
23.20
21.41
22,87
26.15
25.68
26.94
27,98
28,43
29.42
30.77

NOTE L—Specie payments were suspended from January 1, 1862, to January 1, 1879, During the
greater part of that period gold and silver coins were not in circulation except on the Pacific coast,
where, it is estimated, the specie circulation was generally about $25,000,000. This estimated amount
is the only coin included in the above statement from 1862 to 1875, inclusive.
NOTE 2.—IU 1876 subsidiary silver again came into use, and is included in this statement, beginning
with that year.
NOTE 3.—The coinage of standard silver dollars began in 1878, under the act of February 28, 1878.
NOTE 4.—Specie payments were resumed January 1, 1879, and all gold and silver coins, as well as
gold and silver bullion in the Treasury, are included in this statement from and after that date.
NOTE 6.—For redemption of outstanding certificates an exact equivalent in amount of the appropriate kinds of money is held in the Treasury, and is not included in the account of money held as
assets of the Government.
NOTE 6.—This table represents the circulation of the United States as shown by the revised statements of the Treasury Department for June 30 of each of the years specified.
NOTE 7.—The details of the foregoing table, showing the amount of each kind of money in circulation each year since 1860, are omitted, but they may be had upon application to the Secretary of the
Treasury, Division of Loans and Currency, where a circular covering information on the subject has
been prepared for distribution.

FI 1904

7.




98

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

TABLE N.—STATEMENT OF UNITED STATES BONDS AND OTHER OBLIGATIONS RECEIVED
AND I S S U E D B Y T H E O F F I C E O F T H E S E C R E T A R Y O F T H E T R E A S U R Y F R O M N O V E M B E R
1, 1903, t o O C T O B E R 3 1 , 1904.

Title of loan.

5/20sof 1862 (act Feb. 25,1862)
6/20S of 1864 (act June 30,1864)
Consols of 1867 (act Mar. 3,1866)
Funded loan of 1881,5 per cent (acts July 14,
1870, and Jan. 20, 1871)
Funded loan of 1891, 4^ per cent (acts July 14,
1870, and Jan. 20,1871)
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 1925, 4 per cent (act Jan. 14,1875)
Loan of 1904, 5 per cent (act Jan. 14,1876)




Received for Received
exchange
for redempand
tion.
transfer.

Issued.

$106,100
900
100

Total transactions.

$106,100
900
100

200

200

10,750

10,750

16,600
1,625,000
55,990,000
$91,881,050
8,790,680

973,600

$81,800,000
97,858,850
8,790,680

300
16,600
1,525,000
137,790,000
189,739,900
18,654,960

20,270,150
9,701,250
105,200

6,915,600

20,272,800
9,701,250
105,200

47,468,650
19,402,600
9,786,600

130,748,330

76,114,360

218,528,780

424,391,460

99

SECRETARY OF THB 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 YEAR ENDED JUNE 30, 1904.

Collection districts.

Aggregate receipts,a

Alabama
Arkansas
•.
First California
Fourth California
Colorado
Connecticut
Florida
Georgia . — ; . . . - .
Hawaii
First Illinois
T
Fifth Illinois.
Eighth Illinois
.,..
Thirteenth Illinois
Sixth Indiana
Seventh Indiana
Third Iowa
Fourth Iowa
Kansas.
Second Kentucky
Fifth Kentucky
Sixth Kentucky
Seventh Kentucky
Eighth Kentucky
Louisiana
Maryland
Third Massachusetts
First Michigan
Fourth Michigan
Minnesota
First Missouri
Sixth Missouri
Montana
Nebraska
.
New Hampshire
First New Jersey
Fifth NCAV Jersey
New Mexico
First New York
Second New York
Third New York
Fourteenth New York
Twenty-first New York
Twenty-eighth New York . . .
Fourth North Carolina
Fifth North Carolina
North and South Dakota
First Ohio
Tenth Ohio
Eleventh Ohio
—
Eighteenth Ohio
Oregon
First Pennsylvania
Ninth Pennsylvania
Twelfth Pennsylvania
Twenty-third Pennsylvania .
South Carolina
Second Tennessee
Fifth Tennessee
Third Texas
Fourth Texas
Second Virginia
Sixth Virginia
Washington
West Virginia
—
First Wisconsin
Second Wisconsin

$338,539.49
116.125.54
{,069,594.32
432,239,99
661,315.61
.,566,194.42
770,031.70
482,953.84
44,632.82
306,814.43
059.316.21
272,900.20
826,241.75
685,433.24
14 416,938,64
415,514.88
451,969.43
296,704.50
789,379.00
018,646.98
127.094.22
646.328.73
177,284.69
659,107.14
319,454,07
666,525.30
291,000.17

Expenses.

648.386.53
561,883,46
400,097.86
645,371,06
76,662.08
017,567,69
547,144.60
787,934,62
364,986,42
561.868.80
095.643.55
256.777.58
410,406,02
131.268.81
669,703, 76
343,528.77
212,099,88
866,083.90
226,620,62
080.609.59
970,641,26
395,240,40
428,049,34
759,699.28
403,295,37
282.692.18
427,088.84
166.463.74
316,796, 24
234,083,66
688.696.54
200, 581.24
667.328.19
807,281.73

$37,001.26
30,586.13
102,367,70
36,666. 65
26,448,29
44,926,28
20,769.64
70,929.16
10,618.77
91,887.97
151,932.42
73,019.67
22,090.18
94,574.76
89,763.16
18,417.20
18,921.27
24,676.03
94,629.80
305,455.55
101,034.13
139,200.70
111,028.60
46.219.66
162,738,41
79,165,45
37,926.58
15,355.00
38,413.22
66.467.54
50,652,71
26,364.37
42,562,76
20,965.95
17.770.68
37,648,28
11,089.22
63,130,31
82,822,35
62,339,63
60.520.67
36,194,39
47,009,38
65,054,07
97.666.73
15.384.55
169,143,64
39,627,41
29,507,90
42.713.74
18,314,71
101,352,47
69.638.69
35, 111. 74
147,188.05
31,323.93
51,681.58
69,985.90
19,654.14
16,989.48
45,282.92
91,367.84
32,420.07
40,998,20
61,755.92
23,411.59

232,904,004.63

4,015,465.14

705.444.78
388,001.64
047,858.42
882.938.79
442,019.78

Total

Average
number Cost to
of persons em- collect $1.
ployed.
1.109
.263
.033
.083
.048
.029
.027
.147
.238
.016
.004
.006
.027
.010
.006
.044
.042
.083
,053
.026
.032
,063
.051
.010
.026
.022
.012
.022
.028
.008
.057
.060
.016
.037
.044
.007
.147
.009
.023
.008
.009
.023
.022
.029
.041
.117
.010
.029
.024
.023
.081
.017
.023
.025
.017
.041
.128
.065
.046
.102
.020
.074
.047
.034
.009
.029
1,312

a Based on reports of collectors.
NOTE,—The foregoing statement of expenses does not include salaries and expenses of internalrevenue agents, salaries of the officers and clerks in the office, of the Commissioner of Internal Revenue, amounts expended i n detecting and punishing violations of internal-revenue laws, cost of
paper for internal-revenue stamps, and certain miscellaneous expenses.
Amount of expenses as above stated
,
$4,015,455.14
Expenses not included in above.
603,854.38
Total expenses for fiscal year ended June SO, 1904
4,619,309.52
C s to collect fl,..,„.
ot




.,.,„.,,

,,,,,,,.,,,„.

r

$0.02

TABLE P.—STATEMENT OF CUSTOMS BUSINESS FOR THE FISCAL Y E A R ENDED J U N E 30,

Alaska (Juneau), Alaska
Albany, N. Y
Albemarle (Elizabeth City),N,CAlexandria, Va
Annapolis Md
Apalachicola, Fla
A r i z o n a (Nogales'), A r i z
Aroostook (Houlton), Me
Atlanta, Ga
Baltimore, Md
Bangor, Me.
B a r n s t a b l e Mass
Bath, Me
.'
Beaufort N. C
B e a u f o r t , S. C
Belfast, M e .
B o s t o n a n d C h a r l e s t o w n (Boston ), Mass
Brazos (Brownsville), T e x
Bridgeton, N, J
Bristol a n d W a r r e n R I
B r u n s w i c k , Ga
B u f i a l o C r e e k (Buffalo), N, Y - - .
Burlington Iowa
B u r l i n g t o n ( T r e n t o n ) , N, J
C a i r o 111
C a p e V i n c e n t , N, Y
Castine Me
C h a m p l a i n (Plattsburg), N, Y
C h a r l e s t o n S, C . .
Chattanooga Tenn
C h e r r y s t o n e (Cape C h a r l e s C i t y ) ,
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 I o w a
 g a ( C l e v e l a n d ) , O h i o
Cuyaho
Dayton, Ohi
http://fraser.stlouisfed.org/o

Federal Reserve Bank of St. Louis

Foreign.

Coastwise.

351

382

Foreign

304

Coastwise,

379
25

4

399

46

23

33

38

668
17
16
26

1,529
32
7
11

659
31
10
25

2,140
9
4
8

11
22

11
9

9
29

12
. 1

DocuEntries ments
of m e r - i s s u e d
c h a n - t o vesdise.
sels.

3,353
1,073
2
4

1,327 :
1

1,237
51
1

61,087
1,072

639
2,810

157
924

596
2,863

6
23,676

515
1,505
10
4
1,270
67 " " " 4 3 5 '

1,444
13
1,383
24

532
4
880
77

2,424
58
23,121
219

6,746

207

6,706

110
921

33

119

962

5,548

1,359

6,207

210
242
197
108
286
81
2

1
3,690
1,795
132
12,558 "1*579'
138
13,150
444
58
217
70
227
1
41
5
165
31

1,071
52
1

1,456.
1
5

o
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.

1904.

1,037
2
348
37
141
385
49
18
32
123
252
331
188
39

440
359
30,456
112
3,830
.503
2,073
ie'
72
2,789 " " " 4 9 5 '
7

Duties a n d
tonnage tax

A g g r e g a t e receipts.

$62,096.38
227,860,12

$74,151.22
228,397,53

1,137,93
1,032.64
58,868.66
48,904.10
24,718.66
3,184,777.71
312,916.43
279.71
23,537.57
1.26
1,135.23
2,712,74

1,172.23
14,00
1,469,13
60,499,86
53,381,08
28,030,74
3,323,766,09
313,338,90
448.35
23,820,14
1,55
1, 377,27
2,846,79

21,780,689.89
3,817.58
602.76

21,978,890.13
4,850.66
723.51

6,552. 64
• 655,644.93
1.35
,25
2.97
36,698,41
631,92
517,412,16
57,379.58

7, i27.13
664,344.01
91.11
81.77
858.17
37, 316.91
. 692,84
521,063.21
58,274.06
90.80

8,124,842.58
882,249.81
119,941.47
93,279.62
16,328.16
932, 704. 78
1,761,77

29.00
8,141,662.07
884,842,38
120,036,06
99,343.94
16,469.53
936,413.81
L 763.02

Expenses.
Domestic.

Foreign.

$18,^00

$1,547,290

32,765

206,705
5,139,412

15,288
74,508

82,820,876
4,432,288.
1,376
i3i,99i
16,651

777,566
47,195

313,872

•

89,068,206
219,123
8,676,414
22,278,468

8,336

140,106

1,218,843

9,316,706
2,330,676

521,384

i,806,i82

47,374

8,579,398

109

5,085,851

Average
n u m - Cost t o
b e r o f collect
persons
$1.
employed.
$0.836
.065

$61,960.73
14,813.66
1,656,15
1,255,74
1,196,95
3,564,26
35,587,93
18,569.25
3,252,92
279,201,56
21,590.07
3,624.09
6,425.91
1,509.28
3,413,26
2,731.84

35
9
2
3
3
4
27
15
2
187
17
7
6
2
4
6

772,645.19
32,004, 69
1,494.80
62.20
6,269.89
61,422.60
504.75
163.80
357.00
14,881.11
4,400.78
43,749.72
11,918.23
619.95

616
26
6
2
5
45
2
2
2
13
6
36
11
2

.035
6.598
2.066

954.59
219,744.90
39,023.41
9,150.04
33,469.99
262.00
39,144, 67
120.72

3
159
26
5
25
2
30
2

32.917
.027
.044
.076
.337
.016
.042
.068

L071
85.4J6
2.426
.688.
.348
.116
.084
.069
8.083
.270
973.729
2.478
.960

.880
.092
5.640
2.003
.416
.399
6.352
.084
.205
5.726

Delaware (Wilmington), Del
Denver, Colo
Des Moines, Iowa
Detroit, Mich
Dubuque, Iowa
Duluth, Minn
Dunkirk, N.Y
Eastern (Crisfield), Md
Edgartown, Mass
Erie, Pa
Evansville, Ind
Fairfield (Bridgeport), Conn
Fall River, Mass
Fernandina, Fla
•.
Frenchmans Bay (Ellsworth), Me.
Galena, 111
Galveston, Tex
Genesee (Rochester), N. Y
Georgetown, D. C
Georgetown, S, C
Gloucester, Mass
Grand Rapids, Mich
Great Egg Harbor (Somers Point),
NJ
Hartford, Conn
Hawaii
Humboldt (Eureka), Cal
Huron (Port Huron), Mich
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 (Newport),Vt...
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




76

27

71

26

2,016

373
950
6
3
109

193
22
1,414

540

195
235
56
34

229
305
153
1,496

170

2,189
97

57
1,338
769
334

2,614

268
18

368
17

22
626

40
19
122
17
477
963
4
104

107
27
1,331
1
613

852
661
323
1
14
831
183
3
53
43

224
402
10
1,572

253

83
184.
936
201
21,617 *"*246'
100
33
475
537
24
12
735
37
144
135
152
137
335
525
137
143
20
74
16
239
4
243
1,455
19
1,787
80
1,680
42
581
662
667
4
1,395
4,120
6
7,786
724
1,576
3,998
20

169
'93
210
42
268

io'
16
271

$16,208,86
161,841,96
26,017,12
1,174,039,37
14,748.53
21,657,33
2,227.30
10.90
79.17
45,269.23
52,306.59
147,350.28
31,023.42
6,383.14
153.06
431,957.30
416,758.17
129,143.75
23.70
12,668.16
. 92,999.30
215.20
287,771.21
1,186,067.00
392.89
310,482.42
178,981.26
288,707.52
434,966.12
3,691.67

44"
6,425.57

130
215

"u"
248
119
29
48

1,651
7,855
12,169

248
145
1,546
36
7,876
41 12,153
309
756 """'i26'
13

1,234
1,461
28
23
250
23,222
662
18
3,650
3,201
1,094 '
648
121

34
70
76
237
69
157
59'
239
402
46
249
8
30
30

16,826.52
152,115.80
26,037.79
1,197,056.65
15,408.20
25,000.64
2,302.23
22,70.
223.79
46,300.52
52,328,05
147,657.32
31,171.84
7,405.57
323,84
443,808.92
418,686,68
131,570.34
46.01
15,284.39
93,084.79
275.45
288,913.98
1,229,467.61
513.73
317,123.S3
179,564.86
289,371.68
SLOO
461,203.65
3,706.89
15.29
6,425.57

513,939.96
310,742.57
410.08
4,472.16
56,159.25
364,305.75
95,380.93
5,008.24
637,864.33
694,206.46
50,179.81

616,189.04
310,827.11
734. 35
4,686.70
56,535.98
368,928.55
97, 295. 39
5,488.43
641,062,19
699,232.49
61,179.38

90,419.7S

92,941,64
8,56
18,505,93

18,340.87

4,720,661
115,689

23, 582,846

1,938

1,469,562

75.094

7,361,135
3,906
396,330
105

144,920,127
1,314,326
23,750

682

41,470

1,838
39,016
650,436
11,267,396

12,884

683,483

8,604

503
4,698
734,335
690
16,870
3,827
67,940

1,971,854
412,345
78,696
389,643
1,660,666
16,826,671
156,027

$9,878.20
11,894.87
899,17
73,269.19
464.70
14,115.47
1,263,84
2,707.88
2,547.97
6,193.40
3,101.00
10,772.49
4,328,94
2,561.07
3,606.65
353.10
54,352,65
21,494,88
14,227,27
638,34
. 17,814.00
6,625.59
1,116.16
12,082.11
109,634.97
3.104.78
60,348.74
11,030.55
14,676.91
51.00
SS, 469.12
567,43
363,02
1,762,37

.687
11
.078
6
.036
2
.061
67
.030
2
.665
13
.549
2
2 119.290
11.386
4
.134
4
.059
2
.073
8
.139
3
.346
4
5 . 11.137
1
.122
43
.051
17
.108
9
13.874
3
L166
14
.071
2
2
6
77
1
55
6
7
2
27
1
2
2
-

4.052
.042
.089
6.044
.190
,061
.050
1.645
,074
,153
23,742
,274

378,20
22,284,03
16,524.08
4,311,47
2,171,94
5,846,83
45,625,95
9,748,69
9.005.79
21,611,60
47,075, 78
20, .544.20

1
,043
16
,053
9
6,871
5
,463
3
.103
4
.123
39
.100
7
14 . 1.641
.034
22
.067
33
..336
17

28, 111. 44
378.00
2,626,04

17
1
2

.302
44.211
.142

T A B L E P.—STATEMENT

OP CUSTOMS BUSINESS FOR THE FISCAL Y E A R ENDED J U N E 30, 1904—Continued.

o

to
Value of exports.

Vessels entered, Vessels cleared.
Districts and ports.

Natchez, Miss
Newark, N. J
New Bedford, Mass
Newbur5T)ort, Mass
New Haven, Conn
New London, Conn
New Orleans, La
Newport, R. I
-.
Newport News, Va
New York, N . Y
Niagara (Niagara Falls), N.Y
Norfolk a n d Portsmouth (Norfolk), Va
North a n d South Dakota (Pembina), N. Dak
Omaha, Nebr
Oregon (Astoria), Oreg
Oswegatchie (Ogdensburg),N.Y.
Oswego, N . Y
Paducah, Ky
Pamlico (Newbern), N.C
Paso del Norte (El Paso), Tex
Passamaquoddy (Eastport),Me..
Patchogue, N . Y
Pearl River (Gulfport), Miss
Pensacola, Fla
Peoria, 111
Perth Amboy, N. J
Petersburg, Va
Philadelphia, Pa
Pittsburg, Pa
Plymouth, Mass
Port Jefferson, N . Y
Portland a n d Falmouth (Portland) , Me
Porto Rico
Portsmouth, N. H .
Providence, R. I
Puget Sound (Port Townsend),
FRASER
Wash
,

Digitized for


Foreign.

Entries Docuof mer- ments
chan- issued
Coastto vesdise.
wise.
sels.

Duties and
tonnage t a x .

Aggregate receipts.

Coastwise,

Foreign.

74
64
1
67
7
943
13
88
3,976
802

22
7
1
747
14
279
2
764
3,066
681

112
62
4
21
16
959
3
324
3,451
786

12

1,690
147

758
7
246
10
266
3,399
707

666
23
14,667
242
3,105
631,715
27,148

76

2,100

593

1,972

139

26,866.26

SO, 685,86

854

4,554
569
35
7,262
364

94,613.61
91,784.17
12,709.60
246,882.01
72,830.39

94,699.48
91,847.97
13,297.45
248,253.69
73,151.41

Expenses.

57
1,058
1,094

901
'326

10
771
1,181

'260'

12

1,085
5,234
1,552

183,141,81
1,793,23
9,080,421.78
56,686.93
503,153.98
171,274,521.72
320,758.20

.35
144,010.67
99,912,02

$97,372. 92
$493,649
39,634.61
, 59.20
18^, 937.69
1,934.63
9,117,460.42
688,497
56,789.58
85
607,988.01
173,022,666.12 13,102,304
1,398,986
331,394.97

9

.405

51,787
7,619

62,869
4,658,181
2,649,965

17
4
13
26
12
2
5
40
21
2
7
13
2
6
7
638
13
2
2

.252
.090
1.039
.118
.197

11,396,683
4,436,478
2,708
1,268

53,077.22
66,799,85
4,751,30
21,417,75

35
61
6
16

.266
.079
11.306'

22,630,779

140,991,74

100

.161

1,203.60
162,779,82
426,138
102,519,34
27,148
10,00
14,470,31
31,871,78
5,707
14,652,82
116,648, 55 "i,'582,*679'
27,346.31
18,891,220.67 *"i55'.776'
505,327.16
312,40

190,385,61
708,448.28
149.04
246,829,48

199,600,75
718,852.42
420.25
249,281.96

106,599

652

11,486

838,718,30

872,581.39

98,801

126
185
1,210

949

80
183
1,120

416
2,179
6
642

267
395
19
25

647

2,057

""2

21,304
.148,.006,606

$0.121
.153
9.397
.055
2.642
.030
.078
.096
.020
.195

23,895.87
8,228.61
13,812,78
29,400,36
14,436,50
635,75
5,902.45
56,232.76
24,304,62
488.60
10,207.93
15,096.44
819.13
11,792,67
9,113.65
669,115,99
21,884,81
1,596.76
24.40

402
84
68
111

50

•

12,4SL67

1,546
3,753
17
1,482

347
439

•

2
6
5
2
7
5
223
4
45
2,603
52

9,041,794

421
2,161
1
269

55
156

16,712,369
493,705,709
11,610,099

$600.00
11,784.03
6,079.96
556,30
10,074.72
5,111,45
271,323,94
4,455,90
48,995,86
3,610,526,14
64,499.99

$219,260
36,999

11,604,056

11,927.82
28,669.91
14,605.74
111,898.25
23,560.07
18,810,910.95
503,802.70
286.90

315
356

Domestic.

57,136

15
104
46
1,118
950
34,141
2,309
4

711

289
411
17
35

106
56
28
83
242

$94,438.08
32,305,01

285
364
373
208
7
605
9
,088
114
20
56

*i29'

*957"

128
125
12
277
164
357
139
414
4,692

Foreign.

Average
n u m - C ost to
b e r of collect
$1.
persons
employed.

i32'

9,316,963
876,767
4,066,280
15,891,834
178,724
'7i,'237,'484'

4.904
.345
.237
48.860
.705
.474
.056
.102
.333
.030
.043
5. Ill

Richmond, Va
R o c k I s l a n d , 111
Saco, M e
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 ( C e d a r K e y s ) , F l a
St. M a r y s , G a
Salem a n d Beverly (Salem), Mass.
Saluria (Eagle Pass), T e x
S a n Diego, Cal
Sandusky, Ohio
San Francisco, Cal
S a v a n n a h , Ga
S i o u x City, I o w a
S o u t h e r n O r e g o n (Coos B a y ) , O r e g .
Springfield, Mass
Stonington, Conn
Superior (Marquette), Mich
Syracuse, 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
Willamette (Portland), Oreg
Wilmington, N. C
Wiscasset, Me
Yaquina, Oreg
York, Me
Total

432

440

3

1

"548'
20

108
543
560
129

7
26
107
1,796
415
556

*53i"




129
330
430
6,315
4

37

9

105
572
534
182

40
44
7
1,800
834
468

23
2,501
329
305
31,042
169
63

3
6,684

283
12
1,929
504
6,591

106
137
11
232
52
116
2
181
45
18
64
65
18
99
1,101
175

54
9
1,926

6,550

6
1,746

308
95
163

150

195
"78"

"'68'
344
96
2
26

26,244
190
2
276
71
55
26

8i"
3,063
27
29

132
263
225
26
46
346
202
133
106
111

647,759.96
7,664,13
307,97

78, 684.01
16.66
13.40
616.27
16, 001. 62
42, 416.40
83, 462.01
2,376, 215.02
2, 023.43
28.19
%301.49
48, 644.05
75, 114.41
2, 130.96
7,448, 861.97
66, 624.45
4, 628.91
25.66
41, 223.02
306.49
2,
81, 226,55
63, 572.21
1,331, 057.71
30,00
77.90
752, 469,96
416,75
1, 362,60
76.10
652, 316,16
933,20
738.86

262,200,094. 78

265,042,351,42

$78,561. 98
533,39
16, 852,45
40, 916.41
83, 340,15
2,180, 499.30
1, 808,30
22.02
1, 903.13
43, 332.00
73, 399.42
2, 102,13
7,394, 111.13
54, 725,44
4, 569.61
15.66
41, 048.78
245.82
2,
79, 229.05
62, 746.80
1,318, 362.25
746,911.85
994.'68'

8,427
60,000
381,935
1,211,016
35,495
5,878
950,269

5,417,831
311,952
323,154
31,596,912
63,770, 382
24,809
6,681,021

4,864

1,925,705

2,073,032

9,151,255

319

1,055

'526'

7,885,772
19,085,221
1,155

25,648,254

1,435,179,017

2.50
33,040

79,141

1,010,997 31,861

33,221

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 , a s a b o v e .
Expenses n o t included in above
Total
Cost t o c o l l e c t $1

369

,

$6,728.06
716.95
439.90
1,142.49
2,126.58
6,294.58
6,388.96
106,932. 33
1,629.39
690.64
5,904.01
44,313. 80
18,399. 50
4,287.04
476,728.15
11,890. 42
632.69
1,309.80
4,476.85
994.47
32,231,98
8,231,07
36,136.07
762.41
3,029. 75
71,257.19
625.50
6,751. 59
1,233.47
56,459.88
6,418.05
3,233.43
1,045.44
263. 56

5
2
2
3
2
4
3
100
3
2
6
33
13
9
328
9
2
2
3
3
35
5
28
2
3
64
1
7
2
38
5
3
2
1

8,468,841,79
1,468,841,79
196,794.68

43.034
32.828
1.854
.133
.148
.077
.045
.805
20.949
2.665
.911
.245
2.012
.064
.210
.137
51.044
.109
,431
,397
.129
,027
25.414
38.893
.095
1.605
4.955
16. 209
,087
,718
4.376

OD
Q

td
Kl

105,424

m

d
Hi

8,665,636.37
O.OSS

O

CO




APPENDIX TO THE REPORT ON THE FINANCES.




105




A.FI>EI^DIX.
REPORTS O F H E A D S O F BUREAUS.
REPORT OF THE TREASURER.

TREASURY DEPARTMENT,
O F F I C E OF THE TREASURER,

Washington, D , G., November i , WOIt..
SIR: The transactions of the Treasury during the past fiscal year and
its condition June 30, 1904, are stated in detail in the following tables
from revised figures:
EEVENUES AND EXPENDITURES FOR FISCAL YEARS 1903 AND 1904. '
Account.

1903.

1904,

Increase.

Decrease.

REVENUES.

Customs
Internal revenue
Lands
...
Miscellaneous revenue
Total...
Net

$284,479,581.81
230,810,124.17
8,926,311.22
36,180,657.20

$261,274,564,81
232,904,119,45
7,463,479.72
38,999,586.42

$2,093,995.25
2,818,928,25

660,396, 674.40

540,631,749,40.

4,912,923.50

34,473,84
28,637,769.66
10,603,813.60
13,069,054.02
62,410,921.48
3,204,622.01
6,983,735,14
118,619, 620.16
82,618,034,18
12,935,168,08
138,425,646.07
28,556,348,82

11,457,919,96 •11,423,446.12
21,475,624,78 :
5,329,699,71 '
4,191,449,47
123,199,502.01 60,788,580.53
3,896,824.82
7,100,346,83
7,028,425,02
14,012,160,16
115,036,410,68
102,956,101.55 20,338,067,37
10,438,360,09
4,133,620,29
142,559,266, 36
24,646,489.81

506,099,007,04

582,402,321.31

4-54,297,667,36

$23,205,017.00
1,472,831.50
24,677,848, 50
19,764,925,00

-41,770,671.91

EXPENDITURES.

Commerce and labor
Customs
Internal revenue
Interior civil .
Treasury proper
Diplomatic
Judiciary
War Department
Navy Department
Indians
Pensions...
Interest
Total
Net
Surplus (+).; deficit ( —)

107,607,964,15
76,303,314,27

7,162,144,87
5,274,113.89
8,877,604.65

3,584,109,67
2,496,817,99
3,909,869.01
31,304,649.88

On the side of the revenues, in 1904 as conapared with 1903, customs
show a decrease of $23,205,017, and the receipts from public lands are
less by 11,472,831.50, while'an increase appears in internal revenue of
$2,093,995.25 and in miscellaneous items of 12,818,928.25. The net
result is a decrease in revenues for the year of $19,764,925. In expenditures in the last fiscal year as compared with its predecessor, there




107

108

REPORT ON THE FINANCES.

was an increase in the charges for Commerce and Labor of $11,423,446.12; for the Treasury of $60,788,580.53; for diplomatic service of
$3,895,824.82; for the judiciary of $7,028,425.02; for the Navy of
$20,338,067.37, and for pensions of $4,133,620.29. A decrease took
place in the outlay for customs of $7,162,144.87; for internal revenue
of $5,274,113.89; for interior civil of $8,877,604.55; for the War
Department of $3,584,109.57; for Indians of $2,496,817.9^, and for
interest of $3,909,859.01. Thus an apparent net increase in expenditures is recorded of. $76,303,314.27. Against the surplus of $54,297,667.36, June 30,1903,a deficit of $41,770,571.91 is presented for June
30, 1904.
In the expenditures for the Treasury for 1904 are included $50,000,000 on account of the Panama Canal and $4,600,000 loaned to the Louisiana Purchase Exposition Company; the latter sum has since been
reimbursed. If these extraordinary items are deducted, the net increase
in expenditures during the year will be brought down to $21,703,314.22,
and the recorded deficit will be changed to a surplus of $12,829,428.09.
The expenditures, without including the payments for the Panama
Canal and the loan to the exposition company, exceeded the revenues
in these six months:
Amount of
excess.

Month and year.

July
October
November

1903.

$7,776,612.65
4,947,265.78
2,735,193.22

1904

January

Month and year.
1904.

April
May
Total

Amount of
excess.
$3,480,843.15
5,130,412.71
30,854,610,78

6,784,183.27

The revenues were greater than the expenditures in the other six
months, to wit:
Amount of
excess.

Month and year.

August
September

February

1903.

1904.

$6,828,132,76
6,538,856,00
10,491,787,37
....

5,240,634.28

Month and year.
1904.

March
June
Total

Amount of
excess.
$4,057,101.16
10,527,428.31
43,683,938.87

V

TRANSACTIONS IN THE PUBLIC DEBT.
1

The details of business connected with the public debt, stated below,
exhibit an increase in receipts in 1904 over 1903 of $48,663,518, and
an increase in disbursements of $22,375,720.94. Every item of the
receipts in the last fiscal year exceeds the corresponding one for the preceding twelve months, except United States bonds, in which the movement was $51,435,050 less, and the premium on consols of 1930, in
which a falling off appears of $1,028,712. In disbursements an increase
will be noted in every item, except that a falling off is presented in
United States bonds of $49,421,610, in fractional currency of $92.25;
in Treasury notes of 1890 of $4,492,000, and in premium on bonds
purchased and exchanged of $9,649,541.81.




109

TEEASUREB.

Account.

1903.

1904.

Increase,

Decrease.

RECEIPTS.

United States bonds
United States notes
National-bank notes
Gold certificates
Silver certificates

$74,204,450,00
109,600,000,00
24,270,925.00
168,430,000.00
273,008,000.00

$22,769,400.00
122,080,000.00
26, a o , 205.00
214,770,000.00
312,576,000.00

Total
Net..
Premium on consols of 1930

649,513,375.00

699,206,605,00

1,484,048.00

155,336.00

650,997,423.00

699, f;60,941.00

90,809,160.00
2,083. 00
109,600,000.00
10,757,000.00
26,272,086,00
105,902,220. 00
262,299,000. 00

41, S87,.540.00
1.990.75
122,680,000.00
6,265,000.00
30,936,971.00
129,689,300.00
306,e06,000.00

605,641,539.00

637,666,801.75

85,938,965.00
32,025,262.75

43,871,836,00

61, 538,803.25

17,666,967.26

6,202,047.92
4,705,071,90

1,257,578.01

Aggregate
DISBURSEMENTS.

$51,435,060.00
$13,080,000.00
2,139,280.00
46,340,000.00
39,568,000.00
101,127,280.00
49,692,230.00

61,435,050. 00
1, 028,712.00

•48,663,518.00

.

United States bonds
Fractional currency
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
G o l d certificates
S i l v e r certificates
Total
Net
E x c e s s of r e c e i p t s
Premium on bonds purchased
Premium on bonds exchanged . . .
Total p r e m i u m

10,907,119.82

638,924,379.76

4,492,000.00
4,664,885.00
23,687,080. 00
44,507,000.00
53,913,702.25

6,202,047.92
3,447,493.89

1,257,578. 01

616,648,658.82

Afirffreerate

49,421,610.00
92 25
13,080,000.00

9,649,541.81
22, 376,720.94

ORDINARY AND DEBT TRANSACTIONS COMBINED.

The consolidation of the transactions separately set forth in the preceding tables presents an increase in receipts in 1904 over 1903 of
$28,898,593, and in disbursements of $98,679,035.21. A net decrease
of disbursements results of $69,780,442.21.
Account.

1903.

1904.

Increase.

$560,396,674,40
650,997,423,00

$540,631,749.40
699,660,941.00

$48,663, 518.00

1,211,394,097,40

1,240,292,690.40

48,663,518.00
28,898,593.00

506,099,007.04
616,548,668.82

582,402,321.31
638,924,379.76

76,303,314,27
22,375,720,94

1,122,647,666.86 A , 221,326,701.07
18,965,989, 33
88,746,43L54

98,679,035.21

Decrease.

RECEIPTS.

Ordinary
Debt
Total
Net

$19,764,925.00
19,764 925 00

DISBURSEMENTS.

Ordinary
Debt
Total
E x c e s s of r e c e i p t s

69,780,442,21

REVENUES AND EXPENDITURES, FIRST QUARTER OF 1 9 0 4 AND 1 9 0 5 .

The figures for the first three months of 1905 are preliminaiy and
will be slightly modified b}^ later statements. As they stand, the}^
show, as compared with the same period a year previous, a falling off
in receipts of $10,530,041.34, divided between customs at $7,664,070.41,
internal revenue at $1,649,102.21, and public lands at $1,216,868.72,
while miscellaneous items show an increase of $4,013,668.19. Thus




110

REPORT ON T H E

FINANOES.

the receipts exhibit in comparison a net loss of $6,516,373.15. The
expenditures are greater in the first quarter of 1905 than for that of
1904, except in pensions, which are $795,790.22 less, and the result is a
net increase of $18,073,539.27. Upon the balance an excess of expenditures is created of $17,856,615. Such excess occurred in July for
$17,407,727.97, and in August for $6,343,212.28, while in September
the receipts were greater than the expenditures h j ! 5,894,325.25.
The comparison follows:
1904,

Account.

Increase,

1905.

Decrease.

REVENUES,

Customs
Internal revenue
Public lands
Miscellaneous

$65,131,784.46
58,951,813.63
916,357.20
13,034,507.08

$4,013,668.19

138,034,462.37

4,013,668.19

33,386,826,66
34,927,715,21
23,479,323.20
2,875,384.18
37,671,150.01
5,477,138.84

36,647,808.08
41,715,450.16
31,619,750.10
3,000,720.57
36,875,359.79
6,031,988.67

3,260,981.42
6,787,734,95
8,140,426,90
125,336,39

137,817,538.10

155,891,077.37

18,869,329,49
18,073,539,27

a6,733,297.42

Total
Net

,

$72,795,864,87
60,600,915,84
2,133,226.92
9,020,838.89
144,550,835. 52

^

^^17,856,615, 00

$7,664,070.41
1,649,102.21
1,216,868.72
10,630,041.34
6,616,373.15

EXPENDITURES,

Civil and miscellaneous
War
Navy
Interior, Indians
Interior, pensions
Interest on public debt
Total
Net
Excess for the quarter

a Receipts over expenditures.

795,790,22

554,849,83

796 790 22

& Expenditures over receipts.

THE RESERVE AND TRUST FUNDS.

United States notes to the amount of $11,081,068 were redeemed in
old during the past fiscal year, exceeding like transactions in 1903 by
3,926,350. Treasury notes were so redeemed for $473,976, which is
$638,551 less than for the preceding year.
At the end of the fiscal year, from the revised figures, the respective
funds were:

f

EESERVE FUND.

Gold coin and bullion in division of redemption

„

$150,000,000

TRUST FUNDS.

[Held for the redemption of the notes and certificates for which they are respectively pledged.]
DIVISION OF REDEMPTION.

Gold coin
Silver dollars
Silver dollars of 1890 .
Silver bullion of 1890.
Total

DIVISION OF ISSUE.

1494,630,569
470,476,000

Gold certificates outstanding
$494,630,569
Silver certificates outstanding
470,476,000
7,903,974 ITreasury notes outstand5, 074, 026 / ing
12,978,000

978,084,569

Total

978,084,569

The trust funds are greater at the beginning of the fiscal year 1905
than twelve months earlier by $85,015,700 by reason of changes in the
currency for which they ar^ held, These changes are explained qu
following pages,




TREASURER.

Ill

On October 1, 1904, 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 vvhich they are respectively pledged.]
DIVISION OP REDEMPTION.

Gold coin

$528, 491, 969

Gola certificates outstanding
$528, 491, 969
474, 322, 000 Silver c e r t i f i c a t e s outstanding
474, 322, 000
8, 944,561 ITreasury notes outstand11,966,000
3, 021,439 / ing

Silver dollars
Silver dollars of 1890
Silver bullion of 1890 . . . .
Total.

DIVISION OF ISSUE.

1,014,779,

Total

GENERAL F U N D — C A S H IN T H E

1,014,779,969
TAULTS.

By reason of the change in the ratio of the revenues and expenditures, the cash in the ten offices of the Treasury and the mint and assay
offices was less at the close of the last fiscal 3^ear than at its beginning
by $32,500,297.98. The falling off in gold coin and bullion for the
period exceeds this sum and amounts to $35,092,667.83, while gold
certificates were reduced b}^ $2,885,840. Other items exhibit no significant modifications, except that national-bank notes are more by
$2,533,317.65, and subsidiary silver by $2,225,804.97.
The deposits in national banks to the credit of the Treasurer attained
a maximum at $159,111,708.15 December 19, 1903, and became $102,290,863.64 at the end of the fiscal year, which was a reduction of
$37,936,271.61 as compared with that of twelve months before, while
to those to the credit of disbursing officers additions of $819,914.58 were
made.
In the treasur}^ of the Philippine Islands, under act of Congress,
$3,516,709.89 was placed during the year to the credit of the Treasurer
of the United States, while the moneys there to the credit of United
States disbursing officers were reduced by $1,492,566.59.
The outstanding liabilities in the two years differ in an increase in
the 5 per cent fund of the national banks of $1,675,089.56; in checks
and warrants of $2,880,267.85, a decrease in disbursing officers' balances of $5,914,731.74, and in Post-Office Department account of
$490,842.41, with an increase in miscellaneous items of $904,284.41.
These changes make the total outstanding liabilities at the close of the
fiscal year $945,932.33 less than at its beginning.
In the first quarter of 1905, the cash in the vaults of the Treasury
underwent a reduction of $11,555,376.34., Gold coin and bullion
became less by $6,089,116.47, while gold certificates were $13,004,360
more. Reductions also took place of $9,573,001 in silver dollars; of
$3,155,178 in silver certificates; of $3,165,333 in United States notes;
of $2,155,337.88, in national-bank notes, and smaller sums in other
items.
In this quarter the deposits in national banks to the credit of the
Treasurer of the United States were increased by items in transit by
$1,965,363.32, and those to the credit of disbursing officers were
reduced by $388,111.55




112

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

An increase in outstanding liabilities in the quarter is showii of
),317,143.07. This is due to an addition of $3,512,404.18 in checks
and warrants; of $17,377,366.40 in balances of disbursing officers.
During the same period a decrease occurred in the redemption
fund of national banks of $1,598,991.57; in the post-office account, of
$2,448,214.17, and in miscellaneous items of $6,525,421.77.
The state of the general fund at the close of 1903, of 1904, and of
the first quarter of 1905, is here recorded:
GENERAL F U N D — C A S H IN THE VAULTS.

[From revised statements for June 30, 1903 and 1904,]
June 30,1903.

J u n e 30,1904.

Oct, 1,1904.

$72,300, 920,43
31,861, 310.00
17,302, 986,00
9,972, 987,00
2,106, 002.22
12,432, 449,00
166, 352.00
13,673, 941.23
9,307, 873.18
894, 799.78

837,208, 252.60
28,975, 470.00
18,101, 779.00
9,337, 302.00
2,402, 998.28
12, 921 591.00
75, 943.00
16,207, 258.88
11,533; 678.15
200.66
765, 791. 02

831,119, 136.13
41,979, 830,00
8,528, 778.00
6.182, 124.00
2.183, 579.24
9,756, 258.00
106, 901.00
14,051, 921.00
11,460, 297,09
171. 62
596, 892,17

170,020,562.67

137,520,264, 59

125,964,888.25

140,227,135,25
7,615,475,27

102,290,863, 64
8,435,389.85

104,256,226. 96
8,047,278.30

Total
147,842,610.52
In treasury of Philippine Islands:
To credit of the Treasurer of the United States . . .
To credit of United States disbursing ofiicers
4,122,463,61
Awaiting reimbursement, bonds and interest paid
46,119.53

110,726,253.49

112,303,505.26

3,516,709.89
2,629,897.02
58,152.70

1,492,291,69
4,332,411,26
37,919.10

Kind.
Gold coin and bullion..
Gold certiflcates
Standard silverdollars.
Silver certificates
Silver bullion
IJnited States notes
Treasury notes of 1890..
National-bank notes . . .
Subsidiary silver coin . .
Fractional currency
Minor coin

941.73

Total In National-bank depositaries:
To credit of the Treasurer of the United States .
To credit of disbursing oflicers
.^.

Total

152,Oil, 193.66

116,931,013.10

118,166,127.31

Aggregate.

322,031,756,23

254,451,277. 69

244,131,015.56

14,880,938,11
3,431,921,91
49,148, 953.68
8,810,611.41
7,073,316.89

16,556,027.67
6,312,189.76
43,234,221.94
8, 319, 669.00
7,977, 601.30

14,957,036.10
9,824,593.94
60,611,588.34
5,871,454.83
1,452,179.63

Liabilities:
National bank 5 per cent fund
Outstanding checks and warrants .
Disbursing officers' balances
Post-Oflice Department account
Miscellaneous items
.Total
Available cash balance .

83,345,642.00

82, 399,709.67

92,716,852.74

6,114.23

172,061,568.02

151,414,162.82

AVAILABLE CASH BALANCE.

The transactions reported left the available cash balance of $172,051,568.02 June 30, 1904, which is $66,634,546.21 less than on June
30, 1903. I t is also less than it was on the same date in any year since
1900. Of this diminished balance at the close of the fiscal year 1904,
national banks held $102,290,863.64 in general account. Gold in coin,
bullion, and certificates in the general fund was $66,183,722.60. The
like processes prevailed in the first quarter of 1905. The balance fell
off in those three months $20,637,405.20. The national bank depositaries held of the total, $104,256,226.96, while gold, in coin, bullion,
and certificates, rose to $73,098,966.13.




113

TREASUEER.

For the years since 1890, and the first quarter of 1905, the available
cash balance is-set forth in the subjoined table:
AVAILABLE CASH BALANCE (INCLUDING, THE RESERVE F U N D ) , FROM THE REVISED
STATEMENTS, ON THE DATES NAMED.
Available cash balance.
Date.
Reserve fund.
July 1—
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
Oct. 1,1904

SlOO,000,000
100,000,000
100,000,000
100,000,000
100,000,000
100,000,000
100,000,000
100,000,000
100,000,000
100,000,000
150,000,000
150,000,000
150,000,000
150,000,000
150,000,000
150,000,000

'.

Balance.

Total,

S79,259,837,18 $179,269,837,18
56,847,826.49 156 847 826 49
29,182,494, 70 129,182,494.70
24,824,804,94
124,824,804.94
18.885.988.16 118,886,988 16
96.348.193.17
196,348,193.17
169,637, 307.07 269,637,307,07
144,466,201.95 244,466,201,95
109,282,643.13 209,282,643.13
184,488,516.20 284,488,616 20
156,827,605,37 306,827, 605,37
178,406,798.13 328 406,798 13
212,187,361,16 362,187,361.16
238,686,114,23 388,686,114 23
172,051,568,02 322,051,568.02
151,414,162,82 301,414,162.82

EXCHANGE INTO CONSOLS OF 1930 DURING 1904,

Transactions under the act of March 14, 1900, and the circular of
March 26, 1903, and that of September 23, 1903, were carried on up
to January 9, 1904, by the exchange of the funded loan of 1907, bearing 4 per cent interest, and the loan of 1908-1918, bearing 3 per cent
interest, into the consols of 1930. They are here set forth by amounts
in the several months of the fiscal jQ2ii\ Of the funded loan of ,1907,
coupon bonds were $2,150,650 and registered bonds $14,644,450; and
of the loan of 1908-1918, coupon bonds were $2,183,700 and registered
$3,788,000.
BONDS RECEIVED IN EXCHANGE FOR 2 P E R CENT CONSOLS OF 1930.
Funded loan of 1907.
Principal.

Interest.

$5,000,750
- 305,350

$6,858.89
995.26'

Excess of
present
worth over
par.

Loan of 1908-1918.
Principal.

Interest.

Excess of
present
worth over
par.

1. Under circular of March
%6, 1903.
1903.

July..
August

$331,296.35 $1,608,900
19,988,69
25,200

$10,231.80
186.97

$57,321.11
891.89

5,306,100

7,854.15

351,285,04

1,634,100

10,418,77

58,213.00

1,052,800
3,520,600
2,371,300
• 4,317,200

Total

10,102.92
5,236.51
11,796.62
33,140.34

66,247. 78
219,426.04
144,093,92
257,642,27

586,'§00
2,777,100
620,600
336,000

2,742,14
15,661.10
1,613.72
1,347.48

20,148.76
'94,740.62
c 20,850.42
10,993.07

2. Under circidar of Sep- •
tember 23,. 1903.
September
October
November
December
1904.
227,100

2,246.30

13,350,30

18,000

88,05

586.79

Total

11,489,000

62,621.69

700,m31.

4,337,600

21,442.49

147,319.66

Afffirregate

16,796,100

70,375,74

1,052V046.35.

6,971,700

31,861,26

205,532.66

January

FI 1904

8




114

REPORT ON THE FINANCES.

The operations under the circular of September 23, 1903, were in
terms limited to $20,000,000, but the privilege of the exchange was
withdrawn when the sum reached $15,826,600 of the old securities.
The full history may be thus narrated:
Title of loan.

4 per cent funded loan of 1.907.
3 per cent loan of 1908-1918

Principal.

Accrued
interest.

$11,489,000
4,337,600

$62,621,1
21,442.'

15,826,600

Total .
For accrued interest
And present worth in excess of par value
Less interest repaid
Less interest accrued on 2 per cent bonds
Less premium of 2 per cent

83,964,08
$83,964.08
848,079.97
68,727.20
38,804.91
316,532.00

Present
worth in
excess of
par value.
$700,760,31
147,319.66
848,079.97

$932,044.05

424,064.11
Checks were issued amounting to

507,979.94

Of the above amomit of bonds there was received from persons and institutions other
than national banks
12,637,700.00
From national banks, circulation account
$1,252,500
From national banks, public moneys' account
2,036,400
3,288,900.00

EXCHANGE INTO CONSOLS OF 1 9 3 0 FROM 1 9 0 0 .

From the beginning of the funding of older securities into the con-'
sols of 1930 to the closeof such operations, a net profit of $14,245,851.68
is shown in the saving of interest. The amounts exchanged of the
loan of 1904, of that of 1907, and of that of 1908-1918, are set forth in
the annexed table, with the accrued interest and the worth of each in
excess of par value at the time of the transactions:
Title of loan.

5 per cent loan of 1904
4 per cent funded loan of 1907 .
3 per cent loan of 1908-1918
Total.
For accrued interest
And present worth in excess of par value
Less interest repaid
Less interest accrued on 2 percent bonds
Less premium of 2 per cent

Principal.

Accrued
interest.

Present
worth in excess of par
value.

$72,071,300
361,578,650
119,260,000

$526,639.53 $6,872,671.81
1,082,857.57 36,432,249,34
531,139.11 6,239,833,35

542,909,960

2,140,636.21

49,644,664.60

$2,140,636.21
49,544,654,50
- $51,685,290.71
1,617,726, t .
796,538.47
1,939,384.00
4,353,648.56

Checks were issued amounting to

47,331,642.16

Of the above amount of bonds there was received from persons and institutions other
than national banks
249,174,750.00
From national banks, circulation account
$211,001,300.00
From national banks, public moneys' account
82,733,900.00
293,735,200.00
Interest saved on old bonds to maturity
130,186,727.27
Premium paid for old bonds
$49,544,654.50
Less premium received for new bonds
1,939,384.00
$47,605,270.50
Interest to be paid on new bonds to maturity of old bonds
:
. . . 68,335,605.09
115^ 940,875.59
Net profit




:....

14,245,85L68

115

TREASURER.
BONDS REDEEMED BEFORE MATURITY.

The loan of 1904 matured February 1 of that JQSLY. The Secretary
of the Treasury offered, September 23, to anticipate pa3^ment of these
bonds with interest to maturity, and $14,712,450 with interest of
$300,042.59 were so paid, while since their maturity under notice of
November 2, 1903, payments were made to the amount of $3,894,750,
with $38,319.05 for interest. At the close of the fiscal year of these
bonds the sum of $777,850 remained, and stood in the account of the
" d e b t on which interest has ceased since maturity."
THE PUBLIC DEBT 1903 AND 1904 AND FIRST QUARTER OF 1906.

During the fiscal \^ear 1904 an addition of $22,766,800 took place in
the consols of 1930, while there were reductions of $5,971,700 in the
loan of 1908-1918 and of $16,792,500 funded loan of 1907. By the
maturity of the loan of 1904 such bonds for $19,385,050 disappeared,
save as $777,850 were transferred to the matured loans. The fund
held for redemption of national-bank notes fell off $4,526,766. Gold
certificates increased $85,180,700 and silver certificates $5,770,000, for
which the Treasury holds the respective metals for the full amounts.
By change into certificates against dollars coined from the bullion of
1900, Treasury notes for $6,265,000 were canceled. By the additions
to the certificates beyond reductions in other items an apparent
increase in the public debt of $61,538,803.25 is recorded.
In the first quarter of 1905 there was a reduction of $308,700 in the
matured loans, of $2,153,407 in national-bank notes, and in Treasury
notes of $1,012,000; to gold certificates an addition of $34,201,400
and to silver certificates of $3,846,000. The apparent increase of
$34,573,483 in the total debt is thus more than covered by the certificates for which gold and silver coins are held.
In the annexed table the figures for two years and a quarter are
detailed:
PUBLIC DEBT 1903 AND 1904, AND FIRST QUARTER OF 1905.

Consols of 1930 .
Loan of 1908-1918
F u n d e d l o a n o f 1907...
Refunding certificates.
Loan of 1925
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, 1903,

June 30, 1904.

September 30,
1904.

After Apr. 1,1930..
After Aug. 1,1908 .
July 1,1907
Convertible
Feb. 1,1926
Feb. 1,1904
On demand
. do
...do
do
.°..do
do
do
...do

$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
63,847.60
346,681,016,00
40,053,308.50
6,871,240,63
409,109,869,00
464,706,000.00
19,243,000.00

$542,909, 950.00
77,135,360.00
156,593,160,00
29.080,00
118,489,900.00

$542,909,950.00
77,135,360.00
156,693,650.00
28,770.00
118,489,900.00

a 1,970,920,26
63,847.60
346,681,016.00
36,526,542.60
6,869,249.88
494,290,569.00
470,476,000.00
12,978,000.00

1,662,220,26
53,847,60
346,681,016,00
• 33,373,135.50
6,869,249,88
528,491,969,00
474,322.000.00
11,966,000.00

2,202,464,781.89

Rate.

2,264,003,685.14

2,298,577,068.14

Total

aincludes $777,850, loan of 1904, matured February 1, 1904.




116

REPORT OJSr T H E FINANCES.
PAYMENTS ON ACCOUNT OF THE PANAMA CANAL.

Under the law and treaty, warrants for $10,000,000 were issued to the
Government of Panama for the Canal Zone in two installments: One
April 29, 1904, for $1,000,000, and another May 19, for $9,000,000.
The first was cashed May 3 and the second May 20.
To the Panama Canal Compan}^ a warrant for $40,000,000 was issued
May 9, 1904, and was paid the same day.
These warrants were severally drawn on the New York office and
were paid there.
LOAN TO THE LOUISIANA PURCHASE EXPOSITION COMPAISY.

By the urgent deficiency act passed at the last session of Congress
provision was made for the advance of $4,600,000 to the Louisiana
Purchase Exposition Compan}^, at fixed dates, to be reimbursed in
later months. Accordingly warrants were issued to that company on
February 24 for $1,000,000, on February 26 for $1,000,000, on March
8 for $1,000,000, on April 9 for $1,000,000, and on May 7 for
$600,000, an aggregate of $4,600,000.
This full sum, as it has become due under the terms of the act, has
been reimbursed, leaving at the date of this report the final payment
df $191,850.81 yet to be provided. The installments have been:
Date,
June 15
Julyl
July 16
Augustl
August 15
September 1 .
September 16

Date.

Amount,
$195,057.04
213,092,16
500,000.00
500,000.00
500,000.00
500,000.00
500,000.00

Amount.

Octoberl
October 15...
November 1 .
November 15

500,000.00
500,000,00
500,000,00
191,850,81

Total ..

4,600,000,00

CALLS ON BANKS FOR PART OF DEPOSITS.

The Secretary of the Treasury issued during the year three calls on
the depositary banks for the return of a part of the public mone^^s
deposited with them. They responded with promptness, pa5dng back
the sums required of them. The amounts of deposits thus recalled
were as stated below at the dates named:
Under call of March 4, 1904, payable March 25,1904
Under call of April 30, 1904, paya:ble May 10, 1904
Under call of May 14, 1904, payable May 25, 1904
Total.

•.

|28,067,560. 00
11,967,981. 77
9,336,925. 87
49,372,467.64

BONDS HELD AS SECURITY FOR NATIONAL BANKS.

The additions to their circulation by national banks and the withdrawal of a part of the deposits of public moneys caused many changes
during the year iri the bonds pledged^ by them as security. Those
securing circulation were increased by $40,947,920, and from July 1
to October 1, by a further sum of $8,684,800.




117

TREASURER.

The bonds held against deposits, on the other hand, fell off, in New
York and Washington, $32,868,470 during the last fiscal year. In
the first quarter of 1905 a decrease of $4,591,700 took place.
In the securities given by national banks for both purposes, consols
of 1930 stand for $491,420,100, July 1, 1904. This is 91.7 per cent
of such securities and 90.5 per cent of the entire volume of the consols.
BONDS H E L D FOE NATIONAL BANKS, CLOSE OF JUNE, 1903 AND 1904, AND OCTOBER,
1, 1904, AND CHANGES DURING 1904.

Kind of bonds.

Held SepDeposited Withdrawn
tember
Rate. Held June Held June during 1904, during 1904. Held June
30,1904,
30,1902.
30,1903.
30,1904.

TO S E C U R E CIRCULATION.

Consols of 1930
Loan of 1908-1918....
Funded loan of 1907.
Loan of 1926
Loan of 1904 . . . .

P.ct.
2 $305,983,200 $367,123,950 $71,689,800.00 $30,650,100.00 $408,163,650 $416,870,460
3
534,720.00 1,086,100.00 1,815,440 2,062.940
3,210,080 2,366,820
4,215,600
4,977,000
4
5,361,250 3,376,600 2,875,760.00 2,035,750.00
4
816,000,00
563,000.00 1,822,100 1,791,100
2,028,100 1,570,100
798,750.00 1,431,150,00
5
632,400
455,900
326,119,230 375,068,770 76,714,020,00 35,766,100.00 416,016,690 424,701,490

TO S E C U R E DEPOSITS.

. 2
Consols of 1930
Loan of 1908-1918.... 3
Fundedloanof 1907. 4
Loan of 1925
4
Loan of 1904
6
District of Colimibia. 3.65
State and c i t y .
Pbilippine c e r t i f i - («)
4
cates
Territory of Hawaii.. 4
Territory of Hawaii
4^
Pbilippine loan 19144
1934

88,698,800
6,798,600
9,562,500
7,002,750
904,000
660,000

96,680,800 23,649,150.00 40,266.400.00
6,489,420 1,974,300.00 2,679,320.00
5,280,700 6,753,500.00 4,214,150.00
8,977,750 1,703,800.00 2,360,600.00
3,941,460 1,323,000.00 6,164,450.00
810,000
116,000.00
30,000.00
17,290,'900 12,766,523.26 26,380,923.25

76,122,160
6,207,400
8,300,750
8,264,050
100,000
745,000
2,971,500

5,408,000,00 5,011,000,00
130,000,00
392,000.00
1,334,000,00

3,368,000
130,000
942,000

2,506,000
130,000
942,000

2,142,000.00

2,971,000

79,964,550
6,784,400
7,820,060
8,321,050
100,000
895,000
3,675,500

1,902,000

2,022,000

240,000,00

113,426,650 142,442,020 57,198,273.26 86,737,743.25 112,902,650 108,310,850

BONDS HELD BY THE ASSISTANT TREASURER OF THE UNITED STATES AT NEW YORK.
TO S E C U R E DEPOSITS.

Consols of 1930
2
Loanof 1908-1918.... 3
Funded loan of 1907. 4
Loan of 1925...
4
Loan of 1904
5
Districtof Columbia. 3,65
State and city
(a)
Pbilippine
certificates
4
Philippine loan,19144
Railroad bonds •... (a)

$8,964,600
892,600
20,000
1,020,000
46,000
350,000

$7,152,400 $4,175,000.00 $8,035,500,00
525,600
882,500.00
680,000.00
44,000
776,000.00
534,000,00
1,517,000 1,362,600.00 1,142,600.00
292,000
493,000.00
785,000,00
879,000
548,000,00
388,000,00
8,714,128.60 8,714,128.50
40,000.00

$3,291,900
728,100
285,000
1,737,000

$3,060,900
1,010,100
246,000
1,637,000

1,039,000

1,127,000

7,081,000

7,081,000

40,000,00

1,374,000,00 1,374,000.00
18,567,000.00 18,567,000,00
11,292,000

10,410,000 36,931,128,50 40,260,128.50

a Various.
NATIONAL BANKS BY GROUPS.

The expansion of national banks during the past three years is a
notable feature in our financial system. If they are grouped by the
amounts of bonds pledged by them to secure circulation, interesting
comparisons result. The increase in the number of banks during the




118

REPORT OK T H E ElKANOES.

year was 395, and of these 262 deposited for circulation bonds for less
than $100,000 each, and 381 less than $500,000 each.
The table subjoined presents the details:
NATIONAL

BANKS BY GROUPS, ACCORDING TO DEPOSITS
SECURE CIRCULATION.

OF GOVERNMENT

BONDS TO.

1902.

2
25
47
853
1,193
932
1,501

Total .

5
27
66
1,016
1,234
971
1,705

33
65
1,135
1,309
1,043
1,820

4,563

Number having on deposit—
$10,000,000 or more
$5,000,000 or more, but less t h a n $10,000,000.
$1,000,000 or more, but less t h a n $5,000,000 .
$600,000 or more, but less than $1,000,000
$100,000 or more, but less t h a n $500,000
860,000 or more, but less than $100,000
$25,000 or more, but less than $60,000
$6,260 or more, but less than $25,000

1903,

1904.

5,014

5,409

BONDS FOR DEPOSITS BY GROUPS.

The number of depositaries was greater in the fiscal year 1904 than
in 1903 by 129. Of the additions 5 were in the class styled regular,
receiving collections of internal revenue day by day, and 124 in that
called special, to which transfers are made in gross sums. The bonds
deposited by these banks can be grouped by amounts, and the result
will appear in the following table:
BONDS FOR DEPOSITS IN NATIONAL BANKS, BY GROUPS.
Depositaries.
Amount.
Regular.
B a n k s d e p o s i t i n g $40,000
M o r e t h a n $40,000 u p t o $60 000 . . .
M o r e t h a n $50,000 u p t o $100,000
M o r e t h a n $100,000 u p t o $200 000
M o r e t h a n $200,000 u p t o $300,000
M o r e t h a n $300 000 u p t o $500 000
M o r e t h a n $500,000 u p t o $1,000,000
M o r e t h a n $1,000,000 u p t o $2,000,000
M o r e t h a n $2,000,000 u p t o $3,000,000
M o r e t h a n $3,000,000 u p t o $5,000,000
M o r e t h a n $5,000,000 u p t o $10,000,000
M o r e t h a n $10 000 000 UD t o $16 000 000
Total




1904.

1903.

62
54
59
40
22
23
3
3
1
1
268

Special.

Total.

212
116
61
31
16
3
6
1
2

274
169
120
71
37
26
8
1
5
1
1

446

713

Regular.

70
61
76
30
23
15
4
1
2.
1
273

Special.

Total.

242
94
144
60
15
5
4
3
2

242
164
195
136
45
28
19
7
3
2
1

569

842

119

TREASURER.

CLASSIFICATION OF DEPOSITARIES, BY STATES, AND AMOUNT OF BONDS
DEPOSITED.

Bonds are pledged by institutions in 52 States and Territories
(including Porto Rico). The subjoined table presents the number of
institutions in each, and the classification by amount of bonds deposited
and the aggregate of securities for each State and Territory:

s

1

state or Territory,

1

S
o

Total

2

4
2

3
1
1

3
3
2
1

1
3 ""2
1
3
1
4
21
1
20
12
6
3
2
5
9
5
8
6
3
S
7
4
1
7
4

1
8 '"i2"
7
8
6 13
9
4
7
4
1
2
2
3
2
4
2 23
5
1 ""2
1
7
5
2
6
6
1
..... 3
7 ""12'
4
3
2
10 • • • 7 1
1
2
20 26
3
1
2
1
4
1
5
2
5
1

I

£

s '1

4
1
2

2

"""i'

3

2
1
3
1
1
4
4

4
1

3
1

6
2
4
1

4
1

2

2

1
6
9 ""2 """3"
1
1
1
2
4
2
1
2
3
3
1
17
1
1
14

3

1

2
3

^

1
2

1

1
1
4

1

2

6
1
3

3

2

4

1
2

"*i'

4
1

2
1

4
2

2

1
1
1

242 164 195 136

46

28

19

17
24
1
4
1
5
11
2
3
11
2
5
6

1
4
1
2
7
3

6
4
2
1
4

"i'
11

1

1
6
7
2
1

1




Amounts
by states or
Territories.

1

1

1

1
3
2

0

u

1
1
5
3
8

s

%

S
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut.
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Indian Territory
Iowa
Kansas
Kentucky
Louisiana
Maine
Ma.ryland
Ma,ssachusetts
Michigan
Minnesota
Mississippi .
Missouri
Montana
Nebraska
Nevv Hampshire
Ne V Jersey
V
New Mexico
New York
North Carolina
North Dakota . . . .
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island.
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Vii'ginia
Washington
West Vire-inia
Wisconsiii
Wvominer
Porto Rico

1

1

7

3

2

1

7
1
2
1
17
11
14
1
5
9
11
1
3
37
45
1
45
27
• 27
8
7
18
48
15
18
7
23
6
19
17
11
3
58
12
3
58
2
5
90
6
8
6
18
24
4
11
26
9
12
22
3
1

$400,000
75,000
100,000
100 000
1,885,000
1,760,000
1,234,300
50,000
2,642,000
665,000
1,169,000
200,000
195,000
6,147,000
4,988,300
50,000
2,947,700
1,638,000
4,440,800
688,000
440,000
2,266,500
7,108,000
1,975,000
2,074,000
290,000
4,654,000
600,000
1,690,000
1,310,000
1,229,000
240,000
30,551,100
729,800
205,000
7,108,350
330,000
1,220,000
10,368,700
242,000
422,000
310,000
1,599,000
1,779,000
480,000
781,000
3,552,600
1,806,400
974,500
2,182,600
160,000
250,000

842 119,983,660

120

REPORT ON T H E F I N A N C E S .
STATE A N D M U N I C I P A L B O N D S F O R P U B L I C

DEPOSITS.

The State and municipal bonds pledged for public deposits were at
their maximum November 29,1902, at $20,505,500. By June 30,1903,
a reduction of $3,214 600 was effected, and by June 30,1904, a further
reduction took place of $13,615,400. The decrease continued at a less
rapid rate, and from July 1 to October 1 of the current year it was
$704,000, bringing the total to $2,971,500.
The descriptions of such bonds held at the diff'erent dates will be
seen here:
September
November 20,
June 30,1903. June 30,1904,
30, 1904.
1902.
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, O h i o . . .
City of Cincinnati, Ohio ..
City of Chicago, 111
City of Atlanta, Ga
City of Nashville, T e n n . . .
Total

$100,000
6,841,000
473,000
200,000
87,000
7,204,000
1,069', 000
426,500
161,000
963,000
688,000
60,000
674,000
1,049,000
67,000
14,000
30,000
128,000
427,000
686,000
134, 000
134,000.
20,605,500

$100,000
4,633,000
473,000
200, 000
87,000
6,477,000
961,000
399,900
161,000
674,000
186,000

$896,000
495,500

$896,000
495,500

648,000
100,000
150,000
136,000
197,000

648,000
46,000
160,000
136,000
185,000

254,000
910,000
67,000
14,000

170,000
395,000

134,000
247,000

120,000
340,000
966,000
134,000
134.000

120,000
60,000
274,000
134,000

134,000

17,290,900

' 3,676,500

2,971,500

D U T Y ON B A N K N O T E S P A I D .

The semiannual duty on the circulating notes of the national banks
is paid to the Treasurer of the United States. Each bank presents a
statement of the average amount of its notes in circulation, and upon
this volume the tax is paid. By States and groups of States, this
duty for the past fiscal year is set forth in Table ^^., page 261. The
total duty paid was, in 1903, $1,708,819.92, and in 1904, $1,928,837.49,
an increase of $220,017.57.
G E N E R A L STOCK O F M O N E Y I N T H E U N I T E D

STATES.

The total stock of money in the country at the close of the past fiscal
year was $118,793,148 greater than on the first of the preceding July.
The additions were $78,974,870 in gold coin and bullion; $5,491,379
in silver dollars; $5,027,454 in subsidiary silver, and $35,564,445 in
national bank notes, while a reduction took place of $6,265,000 in
Treasury notes. The gold and silver certificates are not included in
the stock of money, as they are represented by the coins for which
they stand.
By October 1 a further increase was recorded in the stock of monev
of $31,829,599, and that in gold coin and bullion was $23,799,570, and
in bank notes $6,844,313, while there was a reduction in silver dollars
of $1,040,577 and in Treasury notes of $1,012,000.




121

TREASURER.

The details are recited below:
MONETARY STOCK.

[This statement represents the monetary stock of the United States, as shown bythe revised statements for June 30, 1903 an(^1904.]
I n Treasury
and mints.

Kind.

I n circulation.

T o t a l stock.

J u n e SO, 1903.
$631,420,789
482,008,986
9,307,873

Total metallic .

.•

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

$617,260,739
72,391,240
92,726, 694

$1,248,681,528
554,400,226
102,034,667

1,122,737,648

782,378,673

1,905,116,321

12,432,449
166,352
13,673,941

Gold coin and bullion
Silverdollars
Subsidiary siiver

334,248,567
19,076,648
399,996,709

346,681,016
19,243,000
413,670,650

•

26,272,742

Gold certificates
Silver certificates

753,321,924

779,594,666

1,149,010,390

1,535,700,597

2,684,710,987

31,861,310
9,972,987

Aggregate metallic and notes

377,268,659
464,733,013

41,834,297

Total certificates
Aggregate

831,991,572
2,367,692,169

2,684,710,987

681,838,822
488,577,779
11,633,678

645,817,676
71,313,826
95,528,343

1,327,656,398
659,891,606
107,062,021

1,181,950,279

812,659,745

1,994,610,024

12,921,591
76,943
16,207,259

333,759,425
12,902,067
433,027,836

346,681,016
, 12,978,000
449,235,095

J u n e SO, 190L
Gold coin and bullion
Silver dollars
Sul)sidiary silver
Total metallic
United States notes
Treasury notes of 1890'
National-bank notes

29,204,793

Total notes
Aggregate metallic and notes
Gol d certificates
SUver certificates

779,689,318

808,894, 111

1,211,165,072

1,592,349,063

2,803,504,135

28,976,470
9,337,30238,312,772

Total certificates
Aggregate

465,655,099
461,138,698
926,793,797
2,519,142,860

2,803,604,136

709,611,105
483,266,561
11,460,297

641,844,863
76,000,260
98,840,017

1,351,455,968
558,851,028
110,300,314

1,204,337,963

816,685,130

2,020,607,310

9,756,258
106,901
14,051,921

336,924,758
11,860,099
442,027,487

346,681,016
• 11,966,000
466,079,408

23,914,080

790,812,344

814,726,424

41,979,830
6,182,124

486,512,139
468,139,876

October 1, 190h.
Gold c o i n a n d b u l l i o n .
Silver dollars
S u b s i d i a r y silver
Total metallic
U n i t e d States notes
T r e a s u r y n o t e s of 1890
National b a n k notes

;

Total notes
Gold certificates
S i l v e r certificates

..

T o t a l certificates
Aggxesrate

48,161,964

954,652,016
2,562,149,489

2,835,333,734

RATIO OF GOLD TO THE TOTAL STOCK OF MONEY.

The constant increase in the share of gold to the total stock of money
in the country has attracted much attention" within recent months.
Within five years to July 1, the gold has advanced by $293,271,954,
and in the last fiscal year by $78,974,870. The share of gold which




122

REPORT ON T H E FINANCEB.

July 1,1900, was 44.21 per cent became 47.35 on the same date in 1904,
and by October 1, in the latter year, had reached 47.66 per cent. The
steps in this growth ma}^ be studied in the subjoined table:
R A T I O O F G O L D TO T O T A L S T O C K O F M O N E Y F R O M J U L Y

1,

1897.

[From the revised statements of the Treasury Department.]
Total stock of
money.

July 1,1897..-.
July 1,1898-...
July 1, 1899--..
July 1,1900-...
July 1,1901---.
July 1, 1902-. -.
July 1,1903---.
July 1,1904---.
October 1,1904
GOLD I N T H E

Gold.

$1,905,996,619
2,073, 574,442
2,190,093,905
2,339, 700,673
2,483, 147,292
2,563, 266,658
2,684,710,987
2,803, 504,135
2,835, 333,734

Date.

$696,239,016
861,514,780
963,498,384
1,034, 384,444
1,124, 639,062
1,192, 594,589
1,248, 681,528
1,327, 656,398
1,361, 455,968

Per cent.
36.52
4L64
43.99
44,21
45,29
46.52
46.61
47.35
47.66

TREASURY.

A goodly part of the increment in the yellow metal has settled into
the Treasury vaults. Between July 1, 1900, and the beginning of the
current fiscal year, theTreasury has gained in thisform $258,260,849.92,
and a further gain followed of $27,772,283.53 from July 1 to October 1.
The treasure in the official vaults on the last-named date amounted
to $709,611,105.13. By October 31 the Treasury held in gold
$721,253,987.88. The record from 1897 by years follows:
GOLD IN THE TREASURY.

Reserve.

DEPOSITS OF

GOLD BULLION

General fund
(belonging to
Treasury).

$100,000,000
100,000,000
100,000,000
160,000,000
150,000,000
150,000,000
150,000,000
150,000,000
150,000,000

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....
J u l y l , 1904---.
October 1,1904

For certificates in
circulation.
$37,285,339
35,811,589
32,655,919
200,733,019
247,036,359
306,399,009
377,258,569
466,656,099
486,512,139

$41,363,988.57
67,762,727.90
161,104,414,92
72,844,952.68
97,811,938.42
103,801,290.97
104,162,230.43
66,183,722,60
73,098,966,13

AT

Total.
$178,649, 327.57
203,564,316.90
283,760,333.92
423,677,971,68
494,848,297.42
560,200,299.97
631,420,789.43
681,838,821.60
709,611,106.13

MINTS AND ASSAY" OFFICES FISCAL

YEARS 1902, 1903, AND 1904.

The gold bullion received at the mints and assay offices during the
past three years, exclusive of redeposits, domestic coin mutilated and
abraded, and transfers from Treasury for recoinage, was as stated
below:
Office.
Philadelphia
San Francisco
New Orleans
New York
Denver
Carson
B o i s e . . . .
Helena
Charlotte
St. Louis
Deadwood
Seattle
Total




1902.
$1,297,387.46
44,587,676.67
397,898.40
48,776,260.22
16,617,944,78
308,798.46
1,799,465.29
2,164,109.73
266,612.73
85,843.62
537,637.93
15,352,746.43
131,092,381,72

1903.
$1,322,361.73
40,372,005,08
502,046.72
51,962,719.08
16,369,200,61
271,622,06
1,336,902.09
2,400,944,89
245,876.81
119,534,75
964,184,22
11,176,137, OS
126,043,635,07

1804,
$1,664,111.24
71,352,253.25
651,504 55
66,171,083.37
13,171,510,63
175,967.85
1,091,200,72
2,582,021,38
237,895.17
324,957.47
963,663.65
17,227,396.49
176,593,565.77

123

T:feEASURER.
ACTUAL GOLD COIN IN USE AS CURRENCY.

When specie pa3'^ments were resumed January 1, 1879, the amount
of gold coin in circulation was $96,262,850. On the same date in 1889
ithad reached $379,834,512, and ten years later, in 1899, the sum was
$667,796,579. Our people take more kindly to certificates than to
coin, and the increase of the former has been in^ recent years much the
more rapid.
Gold certificates, which for the first time at the end of an}^ month
attained the sum of $111,980,380 on January 31, 1885, after February, 1886, stood below a hundred million dollars, with the exception
of two months only until May, 1888. They ran as high as $163,178,959
at the close of January, 1892, but fell below a hundred million dollars
again in June, 1893. Tbey became less quite steadily up to July, 1899,
when they stood at $32,593,789. An advance began in August of that
year, which may be traced in Table No. 23, page 177, until the high figures
of $465,655,099 were reached July 1, 1904, and again a higher sum at
$490,193,759 October 31, 1904.
July 1, 1904, the actual gold coin in use was $645,817,576, and
October 1, 1904, it was $641,844,863. Of this sum the banks, national
and other, held about $300,000,000.
It is fair to remark that the figures for the gold in our stock of
money and in circulation are pronounced by critics to be probabl}^
$60,000,000 above the volume that can be definitely shown to be in'
existence. With this doubt in mind the growth of the use of the
yellow metal as coin is presented in this table:
GOLD COIN IN CIRCULATION.
Amount.

Date.
January 1—
1879
1880 .
1881
1882
1883
1884
1885 .
1886
1887.
1888
1889
1890
1891
1892

-

.

-•--.:
---

$96,262,850
178,749,927
279,458,994
349,209,300
353,166,194
347,093,446.
341,142,648
359,629,546
372,290,259
399,361,143
379,834,612
376,705,922
411,080,697
407,999,180

Date.
January 1—
1893
1894
1895
1896.-1897
1898
1899
1900
1901
1902
1903
1904..
July 1, 1904
October 1, 1904

Amount.

$412,970, 960
508,602,811
485,501,376
484,728,547
617,743,229
547,668,360
667,796,579
617,977,830
629 192 578
635,374,550
629,680,632
627,970,533
646,817,676
641,844,863

MONEY IN CIRCULATION.

No element in our financial system deserves more thoughtful consideration than the immense and continuous growth in the money in
circulation in this country. Since July 1, 1900, this growth has been
$463,991,862, or a yearly average of over $115,900,000. During the
past fiscal year the addition to the circulation reached the vast sum of
$151,450,691. The share of the increment within four years, in gold
coin and certificates, was nearly $300,000,000 ($299,933,184); and in
the last fiscal year $116,953,377. National banks furnished in four
years an increment of $132,912,724, of which $33,031,127 was in the
last fiscal year. In silver certificates, standard dollars, and subsidiary




124

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

silver, the increase in four years was $77,464,959, of which $8,129,920
was in the last fiscal year. Treasury notes under process of law were
reduced $6,174,591 during the year. The variations in United States
notes are slight.
During the year the circulation in the ratio to each, person advanced
to $30.77 and the share of gold to the total became 44.12 per cent,
marking again the growth in the yellow metal.
For the first quarter of the fiscal year 1905, the increase in the circulation kept on, and amounted to $43,006,629. Of this sum, gold
coin and certificates supplied $16,884,327; national bank notes
$8,999,651, and silver in its three forms, $14,999,276.
The circulation for each person reached the ) ximum at $31.16,
while the share of gold became 44.03 per cent.
The details are worthy of perusal:
MONEY IN CIRCULATION AT THE E N D OF EACH FISCAL Y E A R FROM 1890.
Money in circulation.
Fiscal year.

United
Gold coin Stated -notes Nationaland gold cer- and Treasury bank notes.
tificates.
notes.

Silver
certificates,
standard
dollars, and
subsidiary
silver.

Total.

Percentage of
Circu- gold coin
lation and certificates
per
capita. to total
circulation.

1890
$505,089,782 $334,688,977 $181,604,937 $407,867,574 $1,429,261,270 $22.82
527,382,232 383,666,064 162,221,046 424.281.365 1.497.440.707 23.42
1891
3892
649,662,443 437,658,696 167,221,617 446,804,631 1,601,347,187 24,66
1893
501,177,852 471,630,040 174,669,966 449,223,387 1,596,701,245 24,03
1894.
662,316,679 460,206,031 200,219,743 438.066.366 1.660.808.708 24,52
528,019,270 435,037,154 206,953,051 431,958,998 1,601,968,473 23,20
1895
497,103,183 361,185,115 216,168,122 442,978,546 1,606,434,966 2L41
1896..- 1897
654,875,027 390,384,139 225,544,351 469,406,002 1,640,209,619 22,87
693,762,062 408.440,469 222,990,988 612,666,396 1,837,859,895 25,15
1898.
1899
712,393,969 421,188,606
237,805,439 532,683,867 1,904,071,881 25.58
811,539,491 392,980,487 300,115,112 650,515,908 2,055,150,998 26.94
1930
876,827,124 377,569,944 345,110,801 675,800,093 2,175,307,962 27,98
1901
938,793,298 364,094,498 345,476,616 601,026,239 2,249,390,561 28.43
1902
994,519,298 353,325,215 399,996,709 619,850,947 2,367,692,169 29.42
1903
1,111,472,675 346,661,482 433,027,836 627,980,867 2,619,142,860 30,77
1904
Oct. 1, 1904 1,128,357,002 348,784,867 442,027,487
642,980,143 2,662,149,489 31.16

35.34
36,22
34 32
31.38
33,85
32.96
32,99
33,82
37 74
37.41
39.48
40.30
41.73
42.00
44.12
44.03

NOTE.—Currency certificates, act of June 8,1872, are included in the amount of United States notes
and Treasury notes during the years when they were in use.
CIRCULATION AND POPULATION.

The relation of the circulating medium to the population attracts
attention, and the notable excess in the growth of the former over the
latter invites special consideration. This phenomenon is to be studied
in its connection with many other factors, such as extension of habitation into remote districts, multiplication of lines of traffic, as well as
the development of the aggregate of industry and activity. The
problem is only suggested here. The notable fact is that with an
addition of 1.7 per cent to the population in the year, the increase in
the circulation has been 4.5 per cent.




125

TREASURER.
INCREASE IN POPULATION AND IN CIRCULATION PER CAPITA.

Per cent of Per cent of
increase
increase
Circulation of popula- of circulaPopulation. per capita.
tion
tion per capitaper
per
year.
year.

Money in
circulation.

Fiscal year.

1890
1891
1892
1893
1894
1896
1896...-1897
....
1898
1899
1900'.
1901
1902
1903..
1904
Ocfcober 1,1904

$1,429,251,270
1,497,440,707
1,601,347,187
1,696,701,245
1,660,808,708
1,601,968,473
1,506,434,966
1,640,209,519
1,837,859,895
1,904,071,881
2,055,160,998
2,176,307,962
2,249,390,561
2,367,692,169
2,619,142,860
2,562,149,489

62,622,250
63,947,000
65,191,000
66,456,000
67,740,000
69,043,000
70,365,000
71,704,000
73,060,000
74,433,000
76,295,220
77,754,000
79,117,000
80,487,000
81,867,000
82,214,000

$22,82
23,42
24,56
24.03
24,62
23.20
2L41
22,87
25.15
25,58
26.94
27.98
28.43
29.42
30.77
31.16

2,1
2,1
L9
1.9
1.9
1.9
L9
L9
1,9
1.9
2,5
L9
1.7
L7
L7
.4

1 3
26
48
0.2 1

20
«6 3
al 7
68
99
1 7
63
38
1 6
35
45
1.2

a Decrease.
KINDS OF CURRENCY.

The kinds of currency with their variations during three years and
a quarter are separately recited below. The changes are:
Kind.

July 1,1902,

July 1,1903.

July 1,1904,

October 1,1904.

o
Gold coin
Gold certificates
Sta.ndard silver dollars
Silver certificates
Subsidiary silver coin
Treasury notes of 1890
Un ited States notes
.
National-bank notes

$632,394,289
306,399,009
68,747,349
446,557,662
86,721,228
29,802,776
334,291,722
345,476,516

$645,817,676
465,655,099
71,313,826
461,138,698
95,628,343
12,902,067
333,759,426
433,027,836

$641,844 863
486,512,139
76,000 250
468,139, 876
98,840,017
11,860,099
336,924 768
442,027,487

2,249,390,661

Total

$617,260,739
377,258,659
72,391,240
454,733,013
92,726,694
19,076,648
334,248,667
399,996,709
2,367,692,169

2, 519,142,860

2,562,149,489

WITHDRAWAL OF TREASURY NOTES.

The withdrawal of Treasury notes as they have reached the Treasury in regular course has been prosecuted during the past year, as
before, under the act of March 14, 1900. Their total volume was
reduced by $6,265,000 from July 1, 1903, to July 1, 1904, and again
b}^ $1,012,000 to October 1. The reduction naturally diminishes year
b]^ year, but the ratio of such decrease to the notes outstanding also
steadily grows less. The percentage of the reduction to the amount
outstanding March 14, 1900, to July 1, 1901, was 44.93; and from the
beginning of July preceding was, in 1902, 37.21: in 1903, 35.85; in
1904, 32.55, and in July, August, and September, 1904, 7.78.
The table shows the share of silver certificates and of subsidiary
coin substituted for Treasury notes:
Mar. 14,1900. July 1,1901. July 1,1902. July 1,1903. July 1,1904. Oct. 1,1904.
Treasury notes
Silver certificates

$86,770,000
408,447,504

$47,783,000
436,014,000

$30,000,000
453,997,000

$19,243,000
464,706,000

$12,978,000
470,476,000

$11,966,000
474,322,000

Total
Subsidiary coinage a

496,217,504

482,797,000
7,266,972

483,997,000
11,191,387

483,949,000
12,833,642

483,454,000
16,526,918

486,288,000
18,579,496

a Bullion purchased under the actof July 14,1890, used in the coinage of subsidiary silver (act
Ma,r. 14,1900, sec. 8), from Mar., 1900, to Oct. 1,1904).




126

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

CLASSIFICATION OF CURRENCY OF $ 2 0 AND BELOW AND ABOVE

In 1900 the paper currency of $50 and over increased by 23.20 per
cent, while that of $20 and less increased 10.96 per cent. In all paper
the increment was 13.70 per cent. In 1901 the larger bills took on
additions of 2.86 per cent, and the smaller 7.11 per cent, while in all'
paper these were 6.08 per cent. In 1902 the total volume grew by
5.08 per cent, the larger bills by only 1.34 per cent, and the smaller
bills by 6.23 per cent. In 1903 the advance was in the total 6.38 per
cent, the larger bills by 2.93 per cent, and the smaller bills by 7.39
per cent. In 1904 the growth was in total value 8.84 per cent, in
small bills 3.17 per cent, while owing to a vast issue of gold certificates the large denominations grew 29.01 per cent.
These calculations can be verified by the details subjoined:
CLASSIFICATION OF CURRENCY OF | 2 0 AND BELOW AND ABOVE $20.
September 30—
Denomir ation.
1900.

1901.

1902,

1903.

$620,047,309

$631,201,267

$624,728,060

$622,550,934

$641,844,863

61,528,399
38,967,286
298,136,679
376,617,472
291,952,816

67,679,561
42,801,269
310,570,049
409,071,052
313,037,576

74,371,228
44,674,381
342,478,389
427,956,502
325,062,126

81,500,145
47,613,948
356,727,682
466,040,662
352,353,766

87,313,249
48,030,422
363,106,037
479,466,392
367,715,116

Total twenty dollars
and under in paper . 1,067,202,652
Increase, amount
105,446,373
per c e n t . .
10,96

1,143,159,497
75,956,845
7.11

1,214,442,626
71,283,129
6,23

1,304,236,003
89,793,377
7,39

1,345,631,216
41,395,213
3 17

A g g r e g a t e twenty
dollars and under
in gold and paper. - 1,687,249,961 1,774,360,764

1,839,170,686

1,926,786,937

1,987,476,079

57,870,865
86,628,270
21,959,000
72,892,500
29,775,000
87,970,000

60,519,215
92,563,720
20,878,500
73,124,500
32,130,000
87,320,000

64,969,840
102,676,820
24,372,500
86,707,600
66,206,000
138,040,000

Gold coin
Paper currency:
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 fifty dollars and
over
Increase, amount
per cent
Aggregate paper
Increase, amount
per c e n t .
Unknown, destroyed

61,922,965
-81,314,170
22,104,750
78,788,500
29,325,000
68,100,000

57-, 972,316
86,606,570
23,229,500
73,011,50028,660,000
81,980,000

1904.

341,665,385

351,349,885

356,095,635

366,535,935

472, 871,660

64,324,300
23,20

9,794,500
2.86

4,745,750
L34

10,440,300
2,.93

106,335,725
29,01

1,408,758,037

1,494,509,382

1,570,538,261 1.670,771,938

1,818,602,876

169,770,673
13.70

85,751,345
6,08

76,028,879
6,08

100,233,677
6,38

1,000,000

147,730,938
8 84

1,000,000

1,000,000

1,000,000

1,000,000

Net paper

1,407,768,037

1,493,509,382

1,569,638,261 1,669,771,938

1,817,602,876

Aggregate gold and
paper.
.
. .

2,027,805,346

2,124,710,649

2,194,266,321

2,459,347,739




2,292,322,872

127

TEEASTJEER.
RATIO OF $10 AND LESS TO ALL PAPER.

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, 1904:
Denominations of $10 and less.
Total paper
currency.
J u l y l , 1897....
J u l y l , 1898--..
J u l y l , 1899....
Julv 1,1900--..
July 1,1901-.-.
July 1,1902---J u l y l , 1903..-Julv 1,1904....
October 1, 1904

$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
1,775,000,680
1,817,540,393

One
dollar.
3,96
4.36
4.88
4,36
4.34
4,63
4,97
4.71
4,80

Two
dollars.

Five
dollars.

Ten
dollars.

2,57
2.80
2,98
2.74
2.74
2.77
2,83
2,66
2,64

22,86
24,19
26,10
2L20
20.72
2L34
2L10
20.26
19,98

25,56
26,89
28,11
26,72
27.11
27.44
27.87
26.94
26.38

Total.
64,95
58.24
6L07
55.02
54,91
66.18
56.77
64.58
53,80

S T E A D Y D E M A N D F O R SMALL B I L L S .

The gold certificates received an increment of $85,512,700 during
the past fiscal year, and they were all of $20 or of much larger denominations, 3^et the ratio of bills of $10 and less to the total currency
remained as high as 54.58 per cent July 1 and 53.80 per cent October 1.
The relation of all denominations of paper to each other may best be
studied from the monthly statement for September 30 of the current
year, where the amounts are more emphatic even than the ratio.
PAPER CURRENCY BY DENOMINATIONS OUTSTANDING SEPTEMBER 30, 1904.

Denomination.

United States Treasury
notes of
notes.
1890.

Gold
Silver
Nationalbank notes. certificates. certificates.
$84,446,377
$345,136
46,943,850
165,270
286,863,892
62,678,106
34,310,931
193,066,130
141,948,400 $170,612,664 16,582,620
4,625,810
17,706,850 37,097,705
1,403,020
37,112,500 63,224,200
46,500
96,500 14,707,000
99,000
24,000 58,696,500
56,195,000
138,030,000
37,517

$87,313,249
48,030,422
363,106,037
479,466,392
367,715,116
64,969,840
102,576,820
24,372,500
86,707,600
56,206, C O
O
138,040,000
37,517

474,322,000

1,818,540,393
1,000,000

456,079,408 628,491,969 474,322,000

1,817,640,393

One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars..
Five hundred dollars.
One thousand dollarsFive thousand dollars
Ten thousand dollars
Fractional parts

$1,916,544
1,464,484
10,889,960
247,122,011
33,418,942
5,495,475
10,362,100
9,523,500
27,468,000
10,000
10,000

Total
Unknown, destroyed. -

347,681,016 11,966,000
1,000,000

456,079,408

346,681,016

Net

$605,192
466,818
2,774,080
4,967,320
2,222,590
44,000
475,000
421,000

11,966,000

Total.

ACTION O F T H E

528,491,969

DEPARTMENT.

In the current fiscal year the demand for small bills, in spite of all
previous additions, has been unceasing in every month, becoming
larger in the autumn, as in other 3^ears. For shipments to Chicago
and New Orleans, to be paid in much the greater part in bills of $20
and below? the deposits offered in New York are almost always in
large gold certificates. Thus the process in the movement of the
crops is the exchange of gold for silver dollars, silver certificates, and
United States $10 notes.




128

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

The Department is able to keep up this exchange b}^ vigilance and
forethought in gathering such small ciirrenc}^ for the anticipated needs
of the farmers, merchants and hanks. On August 22 of the current
year, just before the call began for money for the crops, theTreasury
held in its ten offices, in United States notes, nearly all in $10 notes,
$15,716,020; in silver dollars, $22,641,903; and in silver certificates,
all in $1, $2, and $5 certificates, $7,100,458. This is a total of over
$45,000,000, which, with allowance for daily holdings in the cash, was
available for the autumn business. By October 31 this sum was
brought down to $11,068,801, of which United States notes were
$4,548,595; silver certificates, $5,750,168, and silver dollars, $770,038.
Of the silver dollars $10,345,865 was paid out in coin, and for $11,526,000 silver certificates were issued. The drain was uninterrupted at
that date, and was further maintained. THE BANKS ARE HELPFUL.

In addition to the shipments by the Treasury the banks in the chief
cities forward small notes to their correspondents as called upon. To
enable them to render this service the institutions holding deposits of
many banks are in the habit of placing, in spring and summer, United
States notes and silver certificates in tneir reserve, for which they are
available. By this practice the requirements of the autumn are in part
readily provided for. The paper currency, if fit for circulation, can
be put to no better use than to be set aside as reserve for the exigency
which the autumn is sure to bring. Such forethought by the banks
is wise and commendable. Institutions which do not adopt this course
ma}^ gain profit by the example thus presented.
SUPPLY OF SMALL DENOMINATIONS NOT EQUAL TO THE DEMAND.

Experience in all recent years makes clear that the supply of small
notes is hardly equal to the demand. That supply in its ratio to the
total paper currency is far below that which has prevailed in the case
of issues of State banks. A careful inquiry indicates that in Massachusetts, in 1860, 20 per cent of its paper Avas in less denominations
than $5, while in New York in the same year the paper currency was
17 per cent in bills below $5, and 44 per cent in bills of $5 and less.
Vast changes in monetary conditions have occurred in the interval that
has elapsed, notably in the use of checks and other instruments of
credit; but that use affects as much and perhaps more the larger
denominations.
No rule can be set up by theor}^ of the proper ratio of the several
denominations to each other. The needs of business must be recognized and obeyed. Those needs clamor vociferously for small bills as
instruments of local trade. The appeal is not confined to any particular district. I t comes from the cotton and sugar regions, as well as
from the States which produce wheat and corn, cattle and swine.
Cities and towns where the pay rolls for factories and furnaces are
large assert the same urgency.




TREASURER.

129

CHANGES IN DENOMINATIONS.

The Department has employed all its resources to respond to the
conditions. A reserve ample for immediate use, and growing for
future contingencies, has been provided of all denominations. Silver
certificates are turned, as they are offered for redemption, into $1, $2,
and $5, and United States notes into $10. But the entire volume of
silver certificates can not exceed that of silver dollars available; the
limit of United States notes is fixed by statute. The issue in both
classes can only keep pace with the redemptions.
CONGRESS CAN PROVIDE REMEDIES.

Congress has it within its power to add to the volume of small
denominations without inflating the currency. First, gold certificates
may be authorized for $5 and $10, instead of restricting the issue as
now to $20 and above; second, for United States notes such certificates may be substituted to the amount of $50,000,000 at once by the
application of that sum from the reserve, and a like sum may wisely
be used annually from the inflow of gold; third, the national banks
may be permitted to issue any part of their circulation in $5 notes by
the repeal of the provision allowing only one-third of their respective
totals in that denomination.
Under such modifications enough $5 notes could be issued for the
requirements of the present and the immediate future. Relief on that
line would permit a larger share of silver certificates to serve as $1 and
$2, with such amount in $5 as experience might prove to be desirable.
Doubtless if the matter were sent to a referendum the popular
majority would pronounce for an adequate supply of small bills. Possibly Congress can devise some wiser and more efficient method to
stop complaint and friction in the business comnaunity. Surely the
existing difficulties are not without remedy.
COST OF PAPER CURRENCY.

Inquiries often reach the Department relating to the production and
the cost of the paper currency issued by the Government. A useful
purpose may be served by stating that the paper used is made by a
secret process under Treasury supervision by special contract, renewed
every year. The Bureau of Engraving and Printing, a branch of the
Department, designs, under the direction of the Secretary, engraves,
and prints the notes and certificates complete, except for the-colored
seal and mark of the denomination, which are added in the office of
the Treasurer of the United States. This currency is delivered to
that office in packages of one thousand sheets, each consisting of four
notes or certificates. Such a package is taken as the unit from which
to reckon the cost.
, With allowance for every item of expense attending the making, the
issue, and the redemption of this paper currency, an elaborate investigation upon the experience of the fiscal year 1903 shows the average
cost for each piece to be something less than 2 cents—exactly 1.7005
cents.
FI 1904

9




130

REPORT ON THE FINANCES.

The details of the reckoning may be followed here:
Cost of each 1,000 sheets of paper delivered to the Bureau of Engraving and Printing
| 5 . 96
Cost of engraving and printing each 1,000 sheets (4,000 notes) of perfect work delivered to the Treasurer of the United States
44. 04
Cost of sealing, separating, bundling, and issuing each 1,000 sheets
(4,000 notes)
7.56
Total average expense of 4,000 notes issued
Total average expense of 4,000 notes redeemed
Aggregate average expense of issue and redemption
Average expense of issue and redemption of each note

$57.56
10.46
68. 02
0.017005

THE AVERAGE LIFE OF GOVERNMENT PAPER CURRENCY. -

An extensive and searching study made for this report brings out
an interesting exhibit relative to the length of service of the Government notes and certiticates. Activity in their movement from and to
the Treasury varies with the seasons. From the middle of August to
the close of December they go out in largest volume for the handling
of the crops, and in that period, in order to secure small bills, large
denominations, worn or in good condition, a r e ' freely sent in for
redemption. Then, from January forward to July the smaller notes
which flow into the banks in excess of their immediate needs are
returned for redemption. Some institutions, and an increasing number, are forming the habit of placing this excess in their reserves for
use later. Because all kinds of money are paid at the option of the
depositor, by the Treasury, for any other kinds redeemed, subject only
to the limit of total volume fixed by statute, the facility of change from
one denomination to another is maintained at the maximum.
The United States notes under the present system were first issued
April 2,1862; the Treasury notes August 19,1890; the gold certificates
November 15, 1865; and the silver certificates April 11, 1878. The
period covered in determining the life-time of each piece in the several
kinds of currency varies accordingly. The United States notes, it will
be observed, have had an average duration of service of 3.695 years;
the gold certificates of 2.877 years; the Treasur}^notes of 2.136 years;
and the silver certificates, as the instruments of retail trade, of only
1.717 years.
The denomination of $10,000 both in United States notes and in gold
certificates has been used in large measure for clearing-house purposes,
and naturally has passed but little from hand to hand, and especially
those payable to order have been quickly redeemed. Banks have
shown a preference for United States notes of all sizes, and these have
been held at rest as far as convenient.
The denominations serving for the longest period have been in United
States notes, $20 serving an average of 5.842 years, $50 an average of
6.008 years, and $100 an average of 6.020 years. In Treasury notes
the average life of those of $10, $20, $50, and $100 is in each case over
three years, that of $20 exceeding all others and reaching 3.815 years.
In gold certificates those which last the longest time are $50, $100, and
$500, while in silver certificates the service of $10, $20, and $50 covers
the longest period. The duration of the life of $50 and $100 in all
kinds of currency is noteworthy.




131

TREASURER.

By kinds and denominations the average years of the life of each
piece of currency is here set forth:

Kind and denomination.

U n i t e d S t a t e s n o t e s (issue b e g a n Apr, 2, 1862):
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
Five thousand dollars
Ten thousand dollars
i
All d e n o m i n a t i o n s .
T r e a s u r y n o t e s of 1890 (issue b e g a n A u g . 19, 1890):
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
All d e n o m i n a t i o n s Gold certificates (issue b e g a n N o v . 15,1865):
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 thousand dollars
All d e n o m i n a t i o n s Silver certificates (issue b e g a n A p r . 11,1878):
One dollar
Two dollars .,
:Five d o l l a r s
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
All d e n o m i n a t i o n s -

C a l c u l a t e d agu ti
T o t a l n u m - g r e g r a t e n u m - R e se rla gn g
av
e
b e r of n o t e s
b e r of life
l i f e t i m e of
issued to
years experi- each note,
J u n e 30,1904, e n c e d w h e n
in years.
redeemed.

188,364,160
93,381,524
118,564,352
97,437,124
26,434,120
2,940,304
1,917,140
438,r'j2
414,338
4,000
4,000

671,433,302
295,563,416
514,429,122
390,112,822
164,436,699
17,666,620
11,542,241
1,583,242
1,590,068
1,300
640

3,165
4.338
4.003
5.842
6.008
6.020
3.610
3.837
.326
.160

529,899,614

1,958,359,372

3.695

64,704,000
24,904,000
24,148,000
10,468,000
1,788,000
23,500
180,000

109,562,405
46,542,691
69,561,001
37,444,320
6,821,899
84,570
634,959

1,693
1,828
2.880
3.577
3.815
3.698
3,527

62,668

99,434

'i."89i

126,268, 068

269,751,279

2.136

14,644,000
1,540,000
1,214,343
Jb70,288
255,381
125,207
89,314

41,451,322
6,299,817
3,783,273
606,067
684,809
161,323
134,707

2.830
3.441
3.115
2.971
2.289
1.208
1.508

18,038,533

51,911,318

2,877

508,708,000
138,736,000
218,828,000
57,451,400
14,643,300
1,389,000
815,400
33,300
32,490

699,935,520
213,697,190
442,131,116
196,018,477
66,687,279
4,421,001
2,212,326
62,29S
45,724

1.375
1,640
2. 020
3.411
3.890
3.182
2.713
1,870
1,407

940,536,890

1,615,110,924

1,717

COMPARISON WITH EXPERIENCE OF 1 9 0 4 .

Interest attaches to the comparison with the duration of service of
the several kinds of paper currency during the longer period cited
with the experience during 1904 in all classes except national-bank
notes. The redemptions for that year are assumed to indicate average
life years. The comparison is rendered clear by setting down the
results for the longer periods on each kind of money and of all kinds
for the various denominations. The differences, as well as the agreements, well deserve study. The longer the period taken into account
the nearer to accurac}^ will the result attain, while on any formula the
conclusion can be only approximate. The tables here presented are
believed to approach actual verity as closely as the data will permit.




132

REPORT ON THE FINANCES.

The experience of a single year has value as an illustration: "
AVERAGE L I F E OF E A C H NOTE AND CERTIFICATE IN Y E A R S .

Denomination.

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
All denominations

United
States
notes.

Treasury
notes.

3.033
3.165
4.338
4.003
5.842
6.008
6.020
3.610
3.837
.325
.160

1,693
1,828
2.880
3,577
3.815
3.598
3.527

3,695

2.136

1.891

Silver
certificates.

Gold
certificates.

2.830
3.441
3.115
2.971
2. 289
1. 208
1.608

1,375
1.540
2.020
3.411
3.890
3.182
2.713
1,870
1,407

2,877

T H E AVERAGE L I F E O F NATIONAL-BANK

Indicated
average lifetime of all
kinds, measured by redemptions
for 1904,
1.04
1.16
1.77
2.46
3.66
3.81
4.16
5.61
7.24
26.00
2.26
2,34

NOTES.

Some complexity confronts us in seeking a comparison of the average existence of Government paper with that of national-bank notes.
The tables show for bank notes an average life of 4.058 years, while
for United States notes the record is 3.695 years; for Treasuiy notes,
2.136 years; for gold certificates, 2.877 years, and for silver certificates, 1.717 years. The ones and twos and the highest denominations
survive the shortest period. In the case of bank notes this rule does
not prevail. The ones and twos seem to live longer than the twenty
dollars and the hundred dollars.
The national-bank circulation, it is fair to state, owes its apparent
advantage of longevity, to the circumstance that the original plan of
redemption was found to be practically inefficient. Up to'October 31,
1873, with an aggregate issue of $481,196,161, and a balance of
$348,347,674 outstanding, the total redemptions were only $132,848,487.
This would indicate an average life of about six and a half years.
Since the inauguration of the present system of redemptions in the
office of the Treasurer on July 1, 1874, these notes have been freely
retired on becoming unserviceable, with a consequent shortening of
their life, but the records of the earlier period still affect the calculations based on the whole history of the issue. With reference to the
denominations of $1 and $2, the results are affected by the fact that no
such notes were issued after January 1,1879, while the redemption of
those outstanding has kept on.
This calculation is based on the total number of notes issued since
the establishment of the system.




133

TREASUEER.
Calculated agTotalnumber . gregate numof notes is- ber of life years
sued to Octo- experienced
ber 31, 1903.
when redeemed.

Kind and denomination.

National-lank notes (issue began Dec. 21,1863)
One dollar
Two dollars .. - Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
,
All denominations

,

Resulting
average
lifetime of
each note,
in years.

23,169,677
7,747,519
173,677,708
91,397,181
29,453,536
2,914,411
2,429,025
23,894
7,379

99,737,684
34,280,581
688,949,153
369,601,999
126,118,730
13,230,946
10,310,230
123, 789
24,553

4.805
4.425
3.967
4.044
4.282
4.540
4.245
5.181
3. 327

330,820,330

1,342,377,665

4.058

EXPERIENCE OF ONE YEAR WITH BANK NOTES.

To set beside the experience of one year with Government paper, a
calculation is here given of the apparent average life of bank notes
for the twelve months ended October 1, 1903:
Under the provisions of the national-bank act no notes of a less
denomination than $5 were furnished to the banks after the resumption of specie payments on Januaiy 1, 1879. Since then the yearly
redemptions of $1 and $2 notes have steadil}" diminished. In the year
ending October 31,1903, but 28 notes of the former denomination and
7 of the latter .were retired, leaving a balance of $345,956 of the ones
and $165,960 of the twos outstanding. The last issue of the denomination of $1,000 was made in 1884, and of the denomination of $500 in
1885. The outstanding balance of the former was reduced in 1901 to
25 notes by the redemption of 20.
Four $500 notes were redeemed in 1903, leaving 188 outstanding.
AVERAGE LIFETIME OF NATIONAL-BANK NOTES, AS INDICATED BY THE REDEMPTIONS
OF THE Y E A R ENDED OCTOBER 31, 1903.
Denomination.
Fi ve dollars
Ten dollars
Tvventy dollars
Fi [ty dollars

Years.
1.99
2.53
2.88
2,93

Denomination,
One hundred dollars
All denominations

Years.
3.08
2.35

PAPER CURRENCY PREPARED FOR ISSUE AND ISSUED.

The outgo of paper currency contiifues to increase, and in order to
provide the means the preparation for issue has been forced forward.
The number of pieces issued was 50.9 per cent greater in 1895 than in
1890; 39.6 per cent greater in 1900 than in 1895; 49.3 per cent greater
in 1902 than two years before; 21 per cent greater in 1903 than in 1902,
and 8.2 per cent greater in 1904 than in 1903.
This advance in issue was met by anincrease in the nuuiber of notes
and certificates raade read}^ for use, of 80.8 per cent from 1890 to 1895;
55.5 per cent from 1895 to 1900; 56.9 per cent from 1900 to 1902; 8.5
per cent in 1903, and 7.4 per cent in 1904.




134

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

A comparison by pieces, total value, and average value of each piece
may be examined below:
NUMBER OP PIECES OF PAPER CURRENCY PREPARED FOR ISSUE IN THE FISCAL YEARS
1890, 1895, 1900, 1902, 1903, AND 1904.
N u m b e r of
notes a n d
certificates.

Fiscal year.

1890
1895
1900
1902
1903
1904

.

30,976,881
56,012,500
87,111,000
136,721,000
148,446,000
159,463,000

•

a e
Total v a l u e . A v e rug.
" val e
$188,846,000
296,816,000
526,296,000
591,580,000
617,936,000
762,820,000

NUMBER OP PIECES OP P A P E R CURRENCY ISSUED IN THE FISCAL YEARS
1900, 1902, 1903, AND 1904.
N u m b e r of
notes a n d
certificates.

Fiscal year.

1890
1895
1900
1902
1903
1904

.

37,065,880
65,932,798
78,132,176
116,697,874
141,235,371
152, 908, 853

...
.

$6.096
5 299
6.041
4. 326
4.162
4.783

1890,

1895,

Total value. Average
value.
$245,142,000
301,805,983
495,546,000
466,908,000
551,038,000
650,026,000

$6.613
5 395
6.342
4.000
3.901
4,251

CURRENCY ISSUED BY MONTHS IN 1 9 0 3 AND 1 9 0 4 AND FIRST QUARTER

OF 1905.
The notes and certificates issued in 1904 were 11,673,482 more in
number than in 1903, and their value was $98,988,000 greater, showing
a groAvth of 8.3 per cent in number and 18 p e r c e n t in value. By
reason of the large demand for gold certificates the average value was
carried up to $4,251 for each piece, 35 cents more than for the twelve
months preceding.
In the first quarter of the fiscal year 1905 the pieces of currency
issued were 6,281,267 more than in the same months of 1904, and the
increase was 17.9 per cent. The average value received an increase of
12.3 cents over that of the fiscal year 1904.
The figures b}^ months may be studied in this table:
UNITED STATES P A P E R CURRENCY ISSUED DURING THE FISCAL YEARS 1903 AND 190'X.
Fiscal year 1903.
Number of
notes and
certificates.

Month.

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

,

Total
,
Per cent of increase over
preceding year
,




Fiscal year 1904,
Average
value of Number of
notes and] notes and
certificertificates.
cates.

Average
value of
notes and
certificates.

$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

$4.362
3.515
3,626
3.748
3,864
3,890
5.084
3.936
3,892
4,223
3,721
3.084

10,791,230
12,014,604
12,229,050
13,911,491
11,085,056
14,089,211
12,385,126
11,329,220
12,896,360
13,730,230
14,206,337
14,240,938

$46, 644,000
45.224,000
46,396,000
61,934.000
46,764,000
53,110,000
89,096,000
40,762,000
39,056,000
70,484.000
53,294,000
58,272,000

$1. 322
3.764
3.712
4,452
4.218
3.769
7,193
3.597
3.028
5.133
3,751
4,091

141,235,371

551,038,000

3,901

152,908,853

650,026,000

4.251

21.0

18.0

8.3

18.0

11,620,563
10,680,778
11,436,384
10,962,975
10,386,757
12,641,119
12, 680,040
10,064,661
12,278,466
11,158,476
12,158,576
16,177,576

135

TREAS (JRBR.

UNITED STATES PAPER CURRENCY ISSUED DURING THE FIRST QUARTER OP 1904 AND 1905.
First quarter fiscal year 1904.
Number oi
notes and
certificates.

•
Amount,

First quarter fiscal year 1905.

Average
value
Number of
of notes
notes and
and cer- certificates.
tificates.

Amount,

Average
value
of notes
and certificates.

July
August
September

10,791,230
12,014,604
12,229,050

$46, (>44,000
45,224,000
45,396,000

$4.. 322
3.764
3,712

13,337,627
13,625,010
14,353,514

$75,278,000
55,138,000
50,292,000

$6 644
4.046
3 503

Total
Per cent of increase over
first quarter 1904

35,034,884

137,264,000

3.917

41,316,151

180,708,000

4.374

17.9

SLO

REDEMPTIONS OF PAPER

CURRENCY.

The growth in the number of pieces redeemed ran far ahead of those
issued in the last fiscal year. This has been 26,427,836, or 21.5 per
cent, against 11,673,482, or 8.3 per cent, over pieces issued in 1903, and
the average value has been carried down to $3,785. This may indicate
that the lack of small bills has been to some extent made up, while the
service of such currency has been so shortened as to call for renewal
in larger measure.
For the first quarter of 1905 the redemptions were 2,438,718 pieces
and 7.1 per cent more than for the same months of the preceding j^ear.
The monthly transactions are set forth below:
UNITED STATES PAPER CURRENCY REDEEMED DURING THE FISCAL YEARS 1903 AND

1904.
Fiscal year 1903.
Month,

July
August
September
October
November
December.!
January- - February
March
April
May
J une
Total
I'er cent of increase over
preceding year

Fiscal year 1904.
Average
value of
Number
notes and of notes and
certifi- certificates.
cates.

Number
ol notes and
certificates.

Average
value of
notes and
certificates.

10,025,308
8,727,818
7,864,792
9,164,674
8,481,953
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
4,085
3.842
4.167
4.322

12,722,522
11,537, 657
10,159,678
10,861,401
9,307,806
13,529,113
16,737,760
12,458,802
12,937,546
13,068,477
13,400,350
13,613,318

$45,445,000
42,742,000
39,435,000
44,791,000
36,399,000
48,990,000
56,892,000
46,693,000
46,630,000
45,602,000
58,184,000
55,637,300

$3. 572
3,704
3.881
4.123
3.803
3,621
3.615
3.659
3.604
3.488
4.341
4.086

122,906,584

488,558,220

3.975

149,334,420

565,340,300

3,785

22.1

19.7

21.5

15.7

UNITED STATES PAPER CURRENCY^ REDEEMED DURING THE FIRST QUARTER OP 1904
AND OP 1905.
First Quarter fiscal year 1904.
Number of
notes and
certificates.

Amount.

First quarter fiscal year 1905,

Average
value of Number of
notes and notes and
certifi- certificates.
cates.

Amount,

Average
value of
notes and
certificates.

July
August
September

12,722,522
11,537,657
10,159,678

$45,445,000
42,742,000
39,435,000

3,572
3,704
3.881

12,497,403
13,337,796
11,023,376

$49,293,600
50,976,000
43,403,000

3.944
3.821
3,937

Total
Per cent of increase over
first quarter 1904

34,419,857

127,622,000

3,707

36,858,576

143,672,600

3,898

7,1

12.5




136

REPORT ON THE

FINANCES.

PERCENTAGE OF VALUE OF NOTES AND CERTIFICATES REDEEMED.

Government paper currency outstanding was redeemed in 1901 to
the share of 32.1 per cent; in 1902, 34.6 per cent; in 1903, 39.3 per
cent; and in 1904, 42.6 per cent. The redemption of $1 notes and certificates in the last fiscal. 5^ear ran to the remarkable ratio of 96.1 per
cent; those of $2 to 86 per cent; and those of $5 to 56.8 per cent. This
activity has not before been paralleled, and shows that new silver certificates of these denominations are put out, on the average, the ones
every sixteen months, the twos eveiy eighteen months, and the fives
every twenty-four months.
The redemptions of the respective denominations in every month for
the last two fiscal years, as set forth in the annexed table, will be found
interesting:
PERCENTAGE OP OUTSTANDING GOVERNMENT PAPER V^^URRENCY OP EACH DENOMINATION
• REDEEMED E A C H MONTH OP THE FISCAL Y E A R 1903.
Denomination.
One dollar
Tvvo dollars
l*'ive dollars
Ten dollars
Twentv dollars
Fiftydollars
One hundred dollars- Five hundred dollarsOne thousand dollarsFive thousand dollars.
Ten thousand dollars.
Total

July. Aug, Sept. Oct. Nov, Dec. Jan, Feb. Mar. Apr. May, June. Total,
7,1
6.1
4.6
3.0
2.0
2.1
1.9
L6
1.1
0.6
3,0

6.3
5.4
3.6
2.6
1,7
L8
L8
1.4
0,9
0.1
3.5

5.7
4.9
3.0
2.0
1.6
L8
1,8
2,3
0.8
0.1
4.9

6,6
5,9
3.3
2.3
L6
2.7
3.1
L5
1.6
0,4
5.6

6.0
6.2
3.2
2.2
1.5
L7
L9
1,4
0.7
0.1
3.0

7.0
6.2
4.4
2.9
L8
2.3
2.2
1.8
1.2
0.3
5.3

9.1
8.1
6.7
4.6
2.9
2.1
2.0
2.4
1,6
0.5
3,3

7.6
6.6
4.2
2,8
2.0
2.1
L8
LS
0.7
0.4
5.3

7.4
6.4
3,8
2.6
1.7
2.2
1.9
2.6
1.6
0.6
8.2

7.4
6.4
4.2
3.0
2,1
2.0
L9
2,1
L5
0.7
3.4

7,3
6.4
4.7
3,4
2.3
2.2
L9
1.9
1.2
0,6
6.1

6.4
6.6
4.7
3.6
2.6
2,2
2,0
L6
0.9
0.6
6,5

78,5
72.1
49.8
34.6
23.6
25.0
23.3
22.6
14,5
5.6
60.6

3.2

2,8

2.6

3.0

2,5

3.4

4,3

3,4

3,4

3.3

3.7

3.8

39.3

PERCENTAGE OP OUTSTANDING GOVERNMENT PAPER CURRENCY OP EACH DENOMINATION REDEEMED EACH MONTH OP THE FISCAL YEAR 1904.
Denomination.
One dollar
Two dollars .
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars Five hundred dollars.
One thousand dollarsFive thousand dollars
Ten thousand dollarsTotal

July. Aug. Sept, Oct, Nov. Dec. Jan. Feb. Mar. Apr, May. June. Total,
8.9
6.9
4.7
3.2
2.3
2.4
2.3
L8
L2
0.5
3.1

7.7
6.6
4.4
3.1
2.2
2.0
L9
1.5
1.4
0.3
3.1

6.6
6.0
3.8
2.6
2.0
•2.3
2.2
1.6
L20.1
4.6

7,0
6.1
4.1
2.8
L7
2.4
2.4
2.2
L8
0,2
8,0

6,3
5.5
3.1
2.1
L4
1.7
2.0
2.3
1.2
0.9
5,4

8.8
7.8
5.0
3.3
2.0
1.9
2.0
2.1
1,1
0.5
6.2

10.0
8.6
6.2
4,6
2.8
2,3
2.3
1,6
0.9
0,4
1.6

8.2
7.5
4.5
3.3
2.2
2.1
1.8
L6
LO
0.6
2,9

8.7
7.5
4.7
3.3
2.2
2,2
1,9
1,4
0,8
0.1
3.4

8.6
7,5
4.9
3,5
2.2
1.8
1.5
LO
0.6
0.1
1.7

8.3
7.5
5.4
3.9
2.4
2.3
2.2
i.-s
1.8
0.6
8.6

8.3
7.6
5.5
4.1
2.9
2.5
2.3
1.6
L2
0.3
4.7

96.1
86 0
66.8
40.5
27.3
26.2
24.0
17.8
13,8
4.0
44.2

•3.6

3.4

3,1

3.5

2.7

3.8

4.3

3.4

3.5

3,4

4.3

4.1

42.6

RECEIPTS FROM CUSTOMS AT THE PORT OF N E W YORK AND THE AMOUNT
PAID IN GOLD FOR THE FISCAL YEARS NAMED.

Since all of our mone.y has been maintained at a parit}^, the kinds of
money received for customs at the port of New York have lost their
significance. They serve now to prove how completel}^ gold is used
for such purposes and to illustrate the change in this respect in a
quarter of a centuiy. The subjoined figures point this moral:




137

TREASURIOR.
Paid i n gold.
Fiscal year.

Total receipts.
Amount.

1875
1879
1889
1899
1901
1902
190.3 •
1904

a $108,590,256
6 97,343,818
146,889,880
137,482,228
152,973,471
165,443,740
180,838,114
170,455,181

-

«$108,590,256
b37,266,940
125,693,361
107,896,355
131,737,888
155,369,917
177,448,732
168,076,896

Per cent.
100,0
38,3
85.5
78 4
86.1
93 9
98 1
98.6

a There are no data to show the kinds of money in Avhich these duties were paid, but during this
year all duties Avere payable in coin.
6 The collections from July to December, inclusive, were $49,127,818. of which $35,970,367 was gold,
equal td 73.2 per cent, while the collections from January to June, inclusive, were $48,216,000, of which
$1,295,683 was gold, equal to 2.6 per cent,

IMPORTS AND EXPORTS OF GOLD DURING 1 9 0 4 .

Abnormal foreign payments became necessary in perfecting the
arrangements for the JPanama Canal, although this Government closed
its part in the matter on our own soil. Receipts of gold in San Francisco, chiefly from Japan, more than offset such exports. A balance
of $17,595,382 of net imports was created.
The figures show:
IMPORTS AND EXPORTS OP GOLD COIN AND BULLION AND GOLD IN ORE DURING THE
FISCAL Y E A R 1904.

Kind.

Total.

...

Exports.

$77,535,222
21,520,146

$80,726,919
733,067

$20,787,079

99,055,368

Gold coin a n d b u l l i o n
Gold i n o r e

Imports.

Net imports. Net exports.

81,459,986

• 17,595,382

$3,191,697

TRANSFERS FOR DEPOSITS IN NEW YORK.

The deposits of mone}^ in New York- for payment by telegraph,
chiefly in Chicago and New Orleans, for moving the crops, and latterly
also to San Francisco, are in every year considerable in magnitude.
They were in the calendar year 1900, $27,036,000; inl901, $23,035,000;
in 1902, $22,676,000; in 1903, they advanced to $35,154,000, and to
October 31, 1904, they were $18,590,222.32.
This latter sum is $858,777.68 less than for the like period i n t h e
preceding year.
In recent 37ears the rule which used to be in force of requiring
deposits to be made in the kinds of currency needed at the point of
payment, has been waived. Now gold only is deposited in NewYork,
while silver certificates of $5 and below. United States notes of $10,
and gold certificates of $20 make up by far the largest part of the
payments.
During the current year a deposit of $50,000 was received in the
Chicago office, which was transferred by telegraph to New Orleans.
The subjoined tables show the direct share of the Treasury in such
transfers for moving the crops in all the months in which transactions
took place in the years mentioned:




138

REPORT ON THE E1NANCE8.
Gold coin United States T r e a s u r y
^and ,
notes.
notes.
certificates.

Transactions.
1900—Receipts:
In February..
In March
In April
In Julv
In August
In September
In October. . In November
In December

$1,500,000
600,000
900,000
150,000
250,000
5,567,000
7,259,000
3,475,000
4,903,000

Total . -

24,604,000

1,193,000

100,000

Silver certificates.

100,000

Paid by the Treasurer and assistant,
treasurers of the United States:
Washington—
111 October
Chicago—
In February
In March - - - In April
In September
In October
In November
In December - -

$627,000
554,000

$31,000

12,000
31,000

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

200,000

1, 300,000
600,000
900,000
600,000
1,655,000
• 500,000
300,000

100,000
1,075,000
500,000
100,000.

20,000

1,300,000
600,000
900,000
600,000
2,750,000
1,000,000
400,000

Total

6,755,000

1,775,000

20,000

7,550,000

St. Louis—
In September
In October
In November

655,000
1,058,000
50,000

656,000
574,000
50,000

190,000
118,000

1, 500,000
1,750 000
100,000

Total

1,763,000

1,279,000

308,000

3,350, 000

100,000
150,000
250;000
4,165,000
2,746,000
2,375,000
3,874,000

16,000

64,000

195,000
505,000

135,000
300,000
226,000
185,000.

200 000
150,000
250 000
4,485,000
3,651,000
2,600,000
4,700,000

13,650,000

1,357,000

20 000

909,000

15,936,000

37,000
215,000

10 000

132,000
82,000
200,000
70,000
611 000
440 000
25,000
72,000

425,000
200,000
1,480,000
470,000
1,325,000
3,450,000
4,485,000
3,965,000
1,730,000
5,505,000

841,500

10 000

1,632,000

23 035 000

25,000

New Orleans—
In February
In July
In August
In September
In October " In November
In December

-

Total
1901—Receipts:
In March
In April
In May.
In June
In July
In August
In September
I n October
In November
In December

.

. .

Total
Paid by the Treasurer and assistant
treasurers of the United States:
Washington—
In March
In May
In July
In September
In December
Total

395,000
200,000
995,000
348,000
1,087,000
3,251,500
3,874 000
3,525 000
1,668 000
5,208 000
20,551,500

20,000

641,000

30,000

353,666
40,000
38,000
128 500

5 000

20,000

25,000
200,000
60,000
100,000
25,000

6,000

200 000

50,666

100 000
300,000

95,000

400,000

Baltimore—
In September
In October

30,000
26 000

30,000
26,000

Total

65 000

65,000

Cincinnati—
In March
In October..

100 000
35 000

17 500

17,500

100,000
- 70 000

Total

135 000

17 500

17,600

170,000




139

TREASTTRER.
Silver
certificates.

Gold coin a n d
certificates.

United States
o notes.

$100,000,00
120,000.00
450,000.00
1,592,000.00
1,070,000.00
100,000.00
800,000.00

$100,000.00
40,000.00
300,000.00
880,000.00
620,000.00
50,000. 00
380,000.00

$40,000.00
150,000.00
678,000.00
360,000.00
50,000.00
120,000.00

$200,000.00
200,000.00
900,000,00
3,150,000,00
2,050,000.00
200; 000.00
1,300,000,00

4,232,000,00

2,370,000.00

1,398,000,00

8,000,000.00

250,000.00
150,000.00

180,000,00
90,000.00

70,000. 00
60,OOG, 00

500,000.00
300,000.00

400,000.00

270,000.00

130,000.00

800,000,00

50,000.00
735,000.00
308,000.00
112,000. 00
585,750.00
1,875,000,00
838,000.00
3,091,000.00

60,000.00
413,000.00
80,000.00
193,000.00
180,000.00
367,250.00
670,000. 00
337,000.00
555,000, 00

132,000. 00
82,000. 00
70,000. 00
120,000. 00
852,000. 00
1,025,000. 00
355,000. 00
534,000.00

100,000,00
1,280,000,00
470,000,00
375,000.00
300,000.00
1,805,000.00
3,670,000.00
1,530,000.00
4,180,000,00

7,594, 750.00

2,845,250.00

3,170,000.00

13,610,000,00

1902—Receipts:
In January ..In February .In March
I n April
I n May
In June
In July
In August
In September.
I n October
In November.
In December -

650, 000.00
500, 000.00
700, 000.00
350, 000.00
975, 000.00
233, 000.00
2,280, 000.00
2,355, 000.00
6,096, 000,00
3,425, 000,00
2,310, 000,00
3,405, 000,00

40,000,00

Total . . .

22,279,000.00

350,000,00

47,000.00

22,676,000.00

120,000.00
185,000.00
105,000.00

40,000.00
115,000.00
70,000.00

40,000,00
60,000.00
25,000,00

200,000,00
350,000.00
200,000,00

225,000,00

115,000,00

750,000.00

200,000,00
200,000,00
640,000,00
665,000,00
910,000.00
655,000,00
250,000,00
100,000.00

200,000.00
200,000.00
180,000.00
460,000,00
635,000,00
205,000.00

100,000.00
100,000,00
280,000,00
225,000,00
'366,000,00
340,000,00

600, 000.00
600, 000,00
1,100,000.00
1,250,000,00
1,800,000.00
1,200,000.00
250, 000.00
100, 000,00

1,780,000.00

1,400,000.00

6,700,000,00

100,000,00
90,000.00
50,000.00
190,000.00
225,000.00
637,000.00
390,000,00
195,000.00
70,000.00

690, 000.00
975, 000,00
270, 000.00
1,180,000,00
920, 000,00
3,296,000,00
2,330,000.00
2,060,000.00
3,605,000.00

1,947,000.00

16,226,000.00

Transactions;
l*ald b y t h e T r e a s u r e r a n d a s s i s t a n t
t r e a s u r e r s of t h e U n i t e d States—Con.
Chicago—
^
In March
I n April
In July
In August
In September
In November
In December
TotalSt, Louis—
In September.
I n October
TotalN e w Orleans—
In March
I n May
In June
In July
I n August
In September.
I n October
In November .
I n December-Total-

P a i d by t h e a s s i s t a n t t r e a s u r e r s of t h e
U n i t e d States:
Cincinnati—
In March
I n April
In August
Total
Chicago—
In February
In March
In July
I n August
I n September
I n October
In November
I n December
Total

3,520,000,00

N e w Orleans—
In January
In May
In June
In July
I n August
I n September
I n October
In November
In December

445, 000,00
725, 000.00
150, 000,00
730, 000,00
430, 000.00
1,825,000,00
1,415,000.00
1,640,000.00
3,396,000.00

Total

10,755,000.00




37,000,00
6,000,00

'i6,'666,'66'

'165,'666,* 66"
200,000,00

145,000,00
160,000,00
70,000,00
260,000,00
265,000.00
834,000.00
• 526,000,00
225,000,00
40,000,00
2,524,000.00

Total.

690, 000.00
500, 000.00
700, 000,00
350, 000,00
976, 000.00
270, 000,00
2,280,000,00
2,370,000.00
5,096,000.00
3,630,000.00
2,310,000.00
3,605,000.00

140

REPORT ON T 2 E PlNANCEg.
Gold c o i n a n d
certificates.

Transactions.
1903—Receipts:
In January
In February
In March.
I n April
I n May
In June
In July
In" A u g u s t
I n September
I n October
In November
I n December
Total

$510,000,00
1,788,000.00
600,000.00
280,000.00
650,000.00
1,324,000.00
550,000.00
575,000.00
3,755,000.00
9,500,000.00
8,220,000.00
7,335,000.00

.

I

:

•-.

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—
I n May
In Julv
I n October

34,987,000.00

U n i t e d States
notes.

----

$5,000.00

5,000.00

35,154,000,00

100,000,00

200,000.00
100,000.00
600,000.00

100,000.00

800,000,00

• 150,000.00
162,000.00

200,000,00
460,000.00

46,666.66
40,000.00

Total.

$510,000,00
1,800,000,00
600,000,00
280,000.00
550,000,00
1,324,000.00
555,000.00
575,000,00
3,755, 000.00
9,500, 000,00
8,370,000.00
7,335, 000.00

$12,000.00

660,000.00

Total
Baltimore—
I n October

Silver
certificates.

300,000.00

300,000.00

Chicago—
In February
In March
In July
I n October
In November

460,000.00
80,000.00
100,000.00
1,650,000.00
2,150,000. 00

160,000.00

380,000.00
20,000,00

200,000.00

100,000,00

1,000,000.00
100,000.00
100,000.00
1,650,000.00
2 450 000 00

Total

4,440,000.00

360,000. 00

500,000,00

5,300,000.00

Cincinnati—
In December.

40,000.00

10,000.00

N e w Orleans—
In January
In February
In March
I n April
I n May
In June
In July
I n August
I n September
I n October
In November
In December

300,000.00
600,000.00
360,000,00
. 280,000.00
350,000.00
1,304,000,00
350,000.00
675,000.00
1,885,000. 00
2,156,000.00
3,990,000.00
6, 325,000.00

90,000,00
130,000,00
80,000,00

1,005,000.00
970,000.00
848,000.00
550,000,00

865,000.00
700,000, 00
832,000.00
410,000.00

510,000. 00
800,000.00
500,000,00
280 000 00
350,000.00
1 324 000,00
355,000.00
575,000,00
3,755,000,00
3,825,000.00
6,670,000.00
7,285,000.00

18,474,000.00

3,693,000,00

3,062,000.00

25,229,000. 00

2,455,000.00
125,000.00

475,000.00
60,000.00

295,000.00
65,000.00

3,225,000.00
250,000,00

2,680,000,00

535,000,00

360,000.00

3,476,000.00

-. J

Total
St. Louis—
I n October
In November

- .

Total
1904—Receipts:
In January
In February
I n March
I n April
I n May
In June
In July
In August.. I n September
I n October

"

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 June
I n October
Baltimore—
In February
I n October




50 000 00
120,000.00
70,000.00
60,000,00

20,000.00
5,000.00

650,000,00
2,345,000.00
600,000.00
100,000.00
. 250,000,00
2,735,222.32

650,000.00
2, 345,000.00
600,000.00
100,000.00
250,000.00
2,735,222.32

2,000,000,00
7,075,000.00
2,835,000.00

2,666,666.66

18,590,222. 32

18,590,222,32

7,075,000,00
2,835,000,00

100,000,00
50,000.00
60,000,00
25,000,00

190,000.00
40,000.00

100 000,00
50,000,00

155,000.00
36,000,00

405,000.00
100,000,00

141

TREASURER.
Transactions.
Paid by the Treasurer and assistant
treasurers of the United States—Con.
Boston—
l u October
Cincinnati—
In September
Chicago—
In March
I n August
In September
In October
New Orleans—
In January
In February.
In March
In April
In June
In August
I n September
In October .
San Francisco—
In May
In ,Iune
In September
Total

Gold coin and United States
notes.
certificates.

. Silver '
certificates.

Total.

^
$50,000.00

$50,000.00

250,000,00

$26,000,00

$25,000.00

300,000.00

300,000,00
970,000,00
695,000,00
1,000,000.00

180,000,00
146,000, 00

350,000.00
10,000,00

300,000.00
1,500,000.00
850,000.00
1,000 000 00

145,000,00
160,000.00

85,000.00
405,000.00
60,000,00

65,000,00
80,000.00
810,000. 00
220,000,00

125,000.00
40,000,00
663,000,00
180,000,00

420,000.00
1,375,000.00
240,000.00
100,000.00
320,000.00
380,000.00
2,462,000.00
785,000.00

650,000,00
1,940,000.00
300,000.00
100,000.00
600,000,00
500,000.00
3,925,000.00
1,186,000,00

260,000.00
2,135,222.32
2,000,000,00
14,367,222.32

250 000.00
2,135,222.32
2,000,000.00
2,050,000,00

2,173,000.00

18,690,222,32

DEPOSITS WITH THE ASSISTANT TREASURER UNITED STATES, CHICAGO, FOR PAYMENT
. IN NEW ORLEANS.
1904—Receipts:
In September
Paid by the Treasurer and assistant
treasurers of the United States:
New Orleans—
In September

$50,000.00

$50,000.00

$10,000.00

$15,000.00

60,000.00

EXCHANGE FOR GOLD RECEIVED AT WESTERN MINTS AND ASSAY OFFICES.

Depositors of gold, ore, bullion or foreign coin, at mints or assay
offices can receive in return coin, checks on the Treasury office in
subtreasury cities, or elsewhere checks on local depositary banks, or
exchange on New York, Chicago, or San Francisco, or in the case of
Helena on Philadelphia. To facilitate these transactions gold coin was
in the last fiscal year sent from San Francisco to the Carson assay office
to the amount of $75,000, and to the assay office at Seattle, $2,150,000.
The exchange given for this purpose in recent years is reported in
the following table:
EXCHANGE P A I D FOR GOLD RECEIVED AT WESTERN MINTS AND ASSAY OFFICES.

Exchange,

United .
States mint,
Denver,

United States assay offices.
Boise,

Deadwood,

Helena.

Seattle.

ON CHICAGO.

Fiscal year 1901.
1900—July
August
September
October
November
December
1901—January
February
March
April
May
June.-Total




$1,000,000
600,000
500,000
1,000,000
500,000
500,000
500,000
500,000
500,000
500,000
1,000,000
500,000
7,600,000

$160,
100,
150,

$50,000

100,
50,
60,

60,000

$200,000
100,000
100,000
200,000
100,000
200,000
200,000

$400,000
400,000
600,000

60,000
60,000
160,
100,

-'56,'666'

900,000

200,000

100,000
100,000
100,000
100,000
1,600,000

1,300,000

142

REPORT ON THE FINANCES.

EXCHANGE P A I D FOR GOLD RECEIVED AT WESTERN

MINTS AND ASSAY OFFICES—•

Continued.
Exchange.

United
States mint,
Denver.

United States assay offices.
Boise.

Deadwood,

Helena.

Seattle,

ON CHICAGO—continued.
Fiscal year 1902.
,1901—July
August
September
October
November
December
1902—January
February
March
,
April
May
June
Total Fiscal year 1903.
1902—July
•
August
,
September
October
November
December
1903—January
February
March
April
May
June
,
Total .
Fiscal year 190U.
1903—July
August
September
October
, November
December
1904—January
Februa'ry
March
April
May
June
Total .
Fiscal year 1905.

1904—July
August
September

Total -

$150,000
100,000
100,000
150,000
60,000
100,000
100,000
100,000

$50,000
50,000
50,000

600,000

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

50,000
60,000
50,000
76,000

4,600,000

1,150,000

475,000

500,000
500,000
658,773
500,000
500,000
500,000
600,000
600,000
500,000
500,000
500,000
600,000

100,000
150,000
100,000
60,000
100,000
50,000
50,000
50,000
100,000
60,000
150,000

75,000
150,000
75,000
76,000
76,000
75,000
75,000
75,000
75,000
74,574
76,000
76,000

6,158,773

950,000

974,674

1,060,000

500,000
1,000,000

75,000

300,000
1,300,000

$500,000
600,000
600,000
500,000
500,000
600,000
500,000
500,000

60,000
50,000.

500,000

50,000
100,000
50,000
60,000
100,000

'506,^666'

50,000

500,000
500,000
500,000
600,000

60,000
7,644
50,000
150,000

657,644
100,000
60,000
50,000
200,000

200.000

600,000
300,000

"256 ,'666

500,000

160,000
76,000

2,000,000

100,000
1,300,000

975,000

1,000,000
500,000
500,000

$200,000
200,000

150,000
76,000
150,000

4,500,000

$200,000
100,000
100,OUO
100,000
200,000
100,000
100,000
100,000
100,000
100,000

225,000

75,000
75,000
76,000
75,000
75,000
75,000
76,000

United States mints.
Exchange.
San Francisco.

Deliver.

1, 600,000

United States assay offices.
Charlotte.

Seattle.

ON N E W . Y O R K .

Fiscal year 1901.
1900—July
August
September
October
November
December
1901—January
February.March
April
May
June

Total,



$7,500,000
3,000,000
10,000,000
5,000,000
1,300,000

'i,'666,'666"
'i,'666,'666'
28,800,000

20,000
40,000

$2,000,000
3,000; 000
2,000,000
3,000,000

20,000
20,000

200,000

$20,000
1,017,
665,
1,066,
698,
1,039,
904,
852,
1,087,
1,090,
860,
658j

10,821,000

20,000
20,000
20,000

1,000,000
180,000

11,200,000

143

TREASURER.

EXCHANGE P A I D FOR GOLD RECEIVED AT WESTERN MINTS AND ASSAY OFFICES—

Continued.
United States assay offices.

United States mints.
Exchange.
San Francisco,

Denver.

Charlotte,

Seattle.

ON NEW YORK—continued.
Fiscal year 1902.
1901—July
August
September
October
November
December
1902—January
February
March
April
May
June
:

$3,000,000
4,000,000
5,000,000
3,000,000
5,500,000

$625,000
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
2,600,000
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
386,000
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

9,646,244

192,250

6,700,000

900,000
600,000
400,000
600,000
800,000
800,000
800,000
600,000

20,000
20,000
20,000
25,000
20,000

5,000,000
1,000,000
2,000,000
2,000,000
500,000

800,doo

20,000
20,000
20,000

200,000

-. -

Total .Fiscal year 1903.
1902~July
August
September
October
November
December
190S—January
February
March
April
May
-.Tune
Total.

6,000,000

200,000
1,000,000

20,000
20,000
12, 250
20,000

200,000

20,000

Mscal year 190J,.

1903—July
August
September
October
November
December
1904—January
February
March
April
May
June

2,000,000

'i,'666,'666'

20,000

1,000,000

800,000
600,000
600,000

Total

4,000,000

8,300,000

186,000

13,200,000

Fiscal year 1905.
1904—July.
August
September.

1,000,000
1,500,000

600,000
800,000
800,000

40,000
20,000
20,000

3,000,000
3,000,000"
1,000,000

. Total-

2,500,000

2,200,000

1,000

7,000,000

United
States mint.
Carson.

Exchange.

2,500,000

United States assay
offices.
Boise.

Seattle.

ON SAN FRANCISCO.

1900—Julv
August
September
October
November
December
1901—January
February
March
April
May
June

Fiscalyear 1001.
.

$25,000

-

Total




.. .
. .
.

50,000

50,000

$50,000
60,000
50,000
50,000
50,000
50,000•
50,000

50,000

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

175,000

600,000

$500,000

600,000

144

REPORT ON T H E FINANCES.

EXCHANGE P A I D FOR GOLD RECEIVED AT WESTERN MINTS AND ASSAY OFFICES-

COD tinued.
United
States mint,
Carson.

Exchange.
ON SAN FRANCISCO—continued.
Fiscal year 1902.

1901—July
August
September.
October
November December .
1902—January
February.March
April

$50,000

"56,'666"

$100,000
60,000
50,000
100,000

50,000

50,000
50,000
50,000

150,000
Fiscal year 1903.

600,000

50,000
60,000
50,000
50,000
60,000
50,000

50,000
50,000
50,000
50,000

200,000

Total.

300,000

Fiscal year 190U.

50,000
50,000

Total.
1904—July
August --.-.September-.

Seattle,

100,000

Total.

1903—July
August
September.
October —
NovemberDecember 1904—January . . .
May
June

Boise;

"56,'666'

June-

1902--July
August
September.
October
November.
1903—February -.
March
June

United States assay
offices.

100,000

50,000
50,000
50,000
50,000
50,000
50,000
46,492
50,000
50,000
446,492

Fiscal year 1905.
50,000
60,000

Total -

100,000
United States
assay office at
" Helena,

Exchange,
ON PHILADELPHIA,
Fiscal year 1902.
1902—June

•

1902—July
October
November
December
1903—February
March
April
May

500,000
100,000
200,000
100,000
100,000
100,000
100 000
200,000

:

Total
1903—July
August
Deeem.ber ,
1904—January
May . . . .

1,400,000
Fiscal year 190U.
,.

100,000
760,000
100,000
400,000
S O 000
O

. . .
-

Total
1904—July
August
September




$100,000

Fiscal year 1903.

1,650,000
Fiscal year 1905.
-

300,000,

145

TREASURER.
G O L D R E C E I V E D I N SAN FRANCISCO P A I D F O R B Y
E X C H A N G E ON N E W Y O R K .

TELEGRAPHIC

The extraordinary sum of $51,796,743.02 gold in ore, bullion, and
foreign coins was deposited in San Francisco for telegraphic exchange
during the past fiscal year. »eTapanese yen represented $34,077,815.58;
other foreign coins $7,407,124.53, and new products of the mines
famished $10,311,802.91. In the first quarter of 1905 the amount
deposited was $14,930,609.67.
The details are reported below:
AMOUNTS DEPOSITED IN GOLD IN SAN FRANCISCO AND
YORK.

Japanese yen.

July
August
September.
October —
December-.
.lanuary..
February
March - - April
May
June

1903.

$996,248.86
1904.

PAID

BY TRANSFER

TO

NEW

Proceeds of
other foreign
coin.

New product
of the mines.

$1,450,000.00
2,401,029.67
2,644,863.87
363,668.57
547,572.42

$1,399,950,41
702,000.00
1,175,000,00
278,000.00
1,306,900,00

$2,849,950,41
3,103,029.67
3,819,853,87
641, 668. 57
2,849,721.28

1,170,300,00
1,057,800,00
1,196,500.00
1,058,100.00
58,000.00
911,252,50

4,086,481.16
6,658,886,84
6,953,663.93
9,500,167.52
8,472, 624.69
3,860,705,08

2,916,181,16
4,601,086.84
5,758,163,93
8,442,067. 52
8,414,624,69
2,949,462,68

Total.

Total-

34,077,815,68

7,407,124.53

10,311,802.91

51,796, 743,02

JulyAugust
September .

4,637, 767,62
1,167,880,09
691,000.00

2,611,998,01
79,848,77

2,052,500,00
2,056,006,26
1,833,609,92

6,690,267.62
5,835,883.36
2,604,458,69

Total-

6,296,647,71

2,691,846,78

5,942,116,18

14,930,609.67

Applications for the privilege to make such deposits are commonly
in round amounts, and actual transactions sometimes fall below that
standard. Thus the deposits authorized were:
A M O U N T S O F G O L D C O I N A N D B U L L I O N A U T H O R I Z E D TO B E D E P O S I T E D W I T H T H E
ASSISTANT TREASURER U N I T E D STATES, S A N FRANCISCO, FOR P A Y M E N T BY T H E
ASSISTANT TREASURER U N I T E D STATES, N E W Y O R K .

Proceeds of
Japanese yen. other foreign
coin.
July
August
September.
October —
December..
January...
February .
March
April
May
June

1903.

$1,000,000.00
1904.

$1,450,000.00
2,490,000,00
2,687,000,00
408,405.97
648,486.76

New product
of the mines.

Total.

$2,871,000,00
3,354,000.00
3,871,000.00
686,405, 97
2,869,386,75

1,499,000,00
1,063,000,00
1,197,600,00
1,061,600,00
58,000.00
911,377,40

3,069,207.28
4,610,000.00
6,031,000.00
8,717,030,17
9,361,200,00
2,971,769.83

$1,421,000.00
864,000.00
1,184,000,00
278,000.00
1,310,900.00

4,568,207.28
5,673,000.00
7,228,600,00
9,778,630.17
9,419,200.00
3,883,147.23

Total.

35,760,207,28

7,683,892.72

10,848,377,40

54,192,477.40

July
August
September.

4,555,000,00
1,180,000,00
592,000.00

2,626,998,01
123,001,99

2,063,622,60
2,078; 900,00
1,868,000,00

6,618,622,60
5,885,898.01
2,573,001.99

Total.

6,327,000,00

2,750,000.00

6,000,622.60

15,077,522.60

FI 1904

10




146

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

By reason of miscalculation on the part of depositors or of a change
in conditions, it has not infrequently happened that the sums proffered
have been less than those originally named. Latterly this failure to
act upon the options granted has covered comparatively small amounts,
as effort has been put forth to prevent the appearance of excessive
figures in anticipated movements. The difference between the deposits
authorized and those actually recorded were:
AMOUNTS NOT D E P O S I T E D .

Proceeds of New product
Japanese yen. other foreign of the mines.
coin.
1903.

July
August
September.
October —
December..

$3,751.14
1904.

January..,
February ,
March
April
May
June

$88,970. S3
42,146.13
44,737,40
914,33

1,682,391,70

$21,049.69
250,970.33
51,146.13
44,737,40
9,665,47

$21,049.69
162,000,00
9,000.00
5,000,00

124.90

481,726,12
14,113,16
274,846.07
278,462,65
946,576.31
22,442,15

176,768.19

536,574.49

2,396,734.38
28,354.98
50,014,66
08,543,30
146,912,93

153,026.12
8,913.16
272,846.07
274,962,65
946,575,31
22,317,25

Total.

Total.

328,700,00
6,200,00
2,000.00
3,500,00

July
August
September.

17,232, 38
12,119.91
1,000.00

16,000.00
43,163.22

11,122,60
22,894.74
24, 390,08

Total.

30,352,29

68,153.22

58,407.42

SHIPMENTS OF CURRENCY FROM AVASHINGTON.

The business of the country adds 5^ear by year to the work of the
cash division of the Treasury as to other divisions. This addition to
the labor and responsibility of the head office in Washington can be
illustrated by the shipments of currency. In the last fiscal year the
number of packages sent away rose from 68,449 to 75,713, an increase
of 10.61 per cent over the twelve months previous, and the amount
from $459,245,112 to $552,133,838, an increase of 20.23 per cent.
Details of the last two years are recorded here:
S H I P M E N T S OF M O N E Y S FROM W A S H I N G T O N FOR F I S C A L Y E A R

1903.

[Cents are omitted from this table.]
Registered mail.
Month.

1902,
July
August
September.
October
November .
December..
1903,
January
February . .
March
April
May
June
Total.




Assistant treasurers.

Banks and others.

Total by express.

Number of
pack-

Number of
packages.

Number of
packages.

Number of
packages.

972
914
1,010
1,114
942
1,201

$52,022
48.614
66.615
68,083
53,840
47,758

1,198
1,005
1,123
1,104
1,006
1,006

74,221
57,320
58,772
53,469
50,609
61,543

12,695

682,766

Amount.

Amount,

1,336 $34,486,000
1,148 23,961,000
1,191 24,467,000
905 22,620,000
722 21,828,000
1,024 24,049,000

3,155 $11,653,116
3,260 10,571,839
3,671 11,143,619
3,828 12,329,472
3,472 12,737,296
4,258 16,062,661

6,463
6,422
6,872
5,847
5,136
6,483

$46,191,138
34,681,353
35,677,134
35,007,556
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
12,958,265
12,594,349
14,167,620

6,074
4,968
5,956
5,616
6,672
6,940

42,857,315
36,051,373
42,340,854
38,751,724
38,172,968
35,835,163

42,373 162,203,346

68,449

459,245,112

28,368,000
25,154,000
28,552,000
26,740,000
26,528,000
21,606,000

13,481 306,359,000

147

TREASURER.
SHIPMENTS OF MONEYS FROM WASHINGTON FOR FISCAL Y E A R

1903—Continued.

RECAPITULATION.
Number
of packages.

Amount.

Registered mail
Express

12,695
55,854

$682,766
458,562,346

Total

68,449

459,245,112

,

S H I P M E N T S O F M O N E Y S F R O M W A S H I N G T O N F O R F I S C A L Y E A R 1904.
[Cents are omitted in this table.]
Assistant treasurers.

Registered mail.
Month.

Number of
pack-

1903,
July
August
September .
October
November December--

974
981
1,075
1,137
1,198
1,384

$49,276
63,059
47,376
68,517
51,770
65,907

1904
January
February -March
April
May
June

1,314
1,182
1,266
1,162
1,044
1,045

81,334
63,554
58,750
46,200
44,476
47,803

Total.

13,762

667,021

Total by express.

Number of
packages.

Numberof
pack-

Amount.

Banks and others.

Numberof
packages.

Amount.

Amount,

1,473 $28,799,000
1,183 25,286,000
1,203 28,996,000
1,483 44,378,000
1,070 29,211,000
1,304 29,160,000

3,639 $14,059,923
3,574 12,106,375
4,219 12,687,166
4,292 16,158,278
3,633 12,545,755
4,290 16,799,858

6,112
4,757
5,422
5,775
4,703
6,594

$42,868, 923
37,392,375
41,683,166
60,536,278
41,756,755
44,949,858

1,038
1,116
1,056
1,088
1,106
1,140

3,794
3,386
4,164
4,239
4,277
4,206

16,778,131
14,246,315
15,931,496
17,914,785
18,423,732
17,816,003

4,832
4,501
5,209
5,327
6,383
5,346

60,604,131
39,685,315
36,667,496
59,838,785
44,421,732
41,172,003

47,703 184,466,817

61,961

551,466,817

43,726,000
26,440,000
20,736,000
41,924,000
26,998,000
23,356,000

14,258 367,000,000

RECAPITULATION,
Number
of packages.

Amount,

Registered mail
Express

13,752
61,961

$667,021
651,466,817

Total

75,713

652,133,838

REDEMPTIONS A N D EXCHANGES.

The mone^^s received on this account at all the Treasury offices during the fiscal year 1904 were $1,014,158,262 and exceeded those of the
preceding twelve months by $149,654,701, or 17.3 per cent. The pa}^ments in gold in both forms were $164,209,708 more than the receipts
in such mone3^ These payments were chiefly in redemption of silver
in its three forms, but in part also in redemption of United States
notes and for national-bank notes.




148'

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

The transactions may be studied in the figures appended:
K I N D S OP MONEY RECEIVED AND P A I D AT TREASURY OFFICES IN THE FISCAL
Y E A R 1904.
RECEIPTS.
Kinds of money received by Treasury offices.
Account.

Gold coin
and certificates.

United
NationalSilver coin States notes bank notes
and cerand Treas- and minor
tificates.
ury notes.
coin.

Total.

Receipts for currency outstanding
$167,920
June 30 1903 .
Moneys received during the year . . . 201,827,460

$1,723,995
460,201,193

$692,886
127,424,239

$58,332
225,047,343

$2 633,133
1,014,500,235

201,985,380

461,926,188

128,117,126

225,105,676

1,017,133,368

141,960

1,794,453

976,346

62,367

2,975,106

201,843,430

460,130,735

127,140,779

225,043,318

1,014,168,262

Less outstanding receipts June 30
1904
Nel receipts for which payments were made

PAYMENTS.
Kinds of money paid by Treasury offices.
Account,

Gold coin Silver coin
Transfer land certifi- jand certifichecks.
cates.
cates.

United
States
notes.

For gold coin and certifi cates|$179,647,658 $17,141,915
For silver coin and certificates. $342,039 170,376,635 273,152,760
For United States notes and
Treasury notes
11,555,043 31,389,683
For national-bank notes and
4,473,802 105,695,024|
minor coin
95,614,990

Nationalbank notesi
and minor
coin.

Total.

2,352,662 $201,843,430
494,509| 460,130,735

$2,701,295
16,764, 792

949,621

463,085| 225,043,318

95,957,029 366,053,138 427,379,282 120,509,036

Total.

83,246,532
18,796,417

4,269,777 1,014,158,262

EXCHANGES FOR T H E GOVERNMENT OF THE P H I L I P P I N E

127,140,779

ISLANDS.

To prepare the way for their new currency in the Philippine Islands,
coins of the IJnited States have been brought home. The exchange
has been made at the Treasuiy office in San Francisco for payment at
the Treasury office in New York, for account of the government of the
Philippine Islands.
The kinds of coin and the amounts were:
Standard silver dollars
Subsidiary silver coin
Minor coin.

.•

^
'

Total

$406, 932. 00
295, 025. 55
25, 718. 80
727,676.35

REDEMPTION OF NOTES OF NATIONAL BANKS.

The national-bank notes presented for redemption during the vear,
in 23,860 packages, amounted to $262,141,930, or 61.12 per cent of
the average amount of the notes outstanding. Compared with 1903^
this sum is $65,712,309, or 33.45 per cent greater, and it is the largest
sum presented for redemption in any year of the thirty in which such
redemptions have been mad^ at this office. In the first half of the




TREASURER.

149

year the amount presented was $111,863,945; in the second half it was
$150,277,985. The monthly extremes were $13,654,484 in November,
and $29,541,701 in January. Of the amount received for redemption
$141,660,000, or 54.04 per cent, came from New York; $22,834,000, or
8.71 per cent, from Boston, and$21,910,000, or 8.36 per cent, from Chiocago. From no other place was there received as much as $20,000,000.
There was redeemed 65.39 per cent of the average amount of the $5
notes outstanding, 56.03 per cent of the $10 notes, 59.07 per cent of
the $20 notes, 70.82 per cent of the $50 notes, arid 81.89 per cent of
the $100 notes. The total number of notes redeemed was 22,735,640,
and their average value was $11.53.
Of the proceeds of redemptions for the 3^ear, $95,594,893.78, being
36.52 per cent of the whole, was remitted by 4,833 transfer checks
drawn on the subtreasury offices; $123,598,051.41, or 47.22 per cent,
by 14,413 shipments of United States currency; $31,829.60 by 45 shipments of silver coin; and the remainder, $42,517,611.86, was credited in
accounts. These payments do not materially differ from those of 1903,
when the checks were 32.36 per cent and the shipments of currency
48.85 per cent.
The notes assorted and delivered on the various redemption accounts
amounted to $259,406,931. Of these, $92,025,555, or 35.48 per cent,
were fit for circulation, and were forwarded b}^ express, in 62,663
packages, to the respective banks of issue for further use, and
$167,381,376 were delivered, in 115,862 packages, to the Comptroller
of the Currency for destruction, $136,444,405 to be replaced with new
notes and $30,936,971 to be retired from circulation. Compared with
the previous year there was an increase of 47.09 per cent in the amount
of notes, fit for circulation forwarded to the banks, and 27.89 per cent
in the amount delivered to the Comptroller.
The lawful money deposited in the Treasury for the redemption of
national-bank notes amounted to $257,859,234.79. Of this sum, $230,952,146.79 was.for the 5 per cent account and $26,907,088 for the
retirement of notes under the various provisions of the law. Under
the provision of law which limits the deposits for retirement of circulation to $3,000,000 during any calendar month these deposits amounted
to $18,879,475, being about one-half the amount permitted, notwithstanding there were at some periods in the 3^ear applications to make
such deposits much in excess of the monthly limit.
The redeemed notes of the New York banks were assorted and
delivered 76 times during the year, those of the Philadelphia and
Baltimore banks 48 times, and those of the Boston, Cincinnati, Chicago,
St. Louis, and New Orleans banks 46 times. For the New York banks
the redemptions amounted to 101.62 per cent of the average amount
of their notes outstanding, for the Philadelphia banks 81.97 per cent,
for the Baltimore banks 134.30 per cent, for the Boston banks 87.66
per cent, for the Cincinnati banks 52.43 per cent, for the Chicago
banks 56.69 per cent, for the St. Louis banks 51.58 per cent, and for
the New Orleans banks 74.87 per cent.
The redeemed notes of the banks outside of the above named cities
were assorted and delivered as follows: Those of the New England
States 40 times, those of the Eastern States 38 times, those of the
Southern States 23 times, those of the Middle States 22 times, and
those of the Western and Pacific States 16 times. The redemptions




150

REPORT ON T H E

FINANCES.

for the banks in the New England States amounted to 73.25 per cent
of their outstanding notes, for the Eastern States 80.46 per cent, for
the Southern States 47.55 per cent, for the Middle States 39.59 per
cent, for the Western States 36.79 per cent, and for the Pacific States
47.57 per cent.
The expenses of the redemption agenc}^ for the year consisted of
$95,580.12 for charges for transportation, $114,540.80 for salaries,
$6,055.20 for printing, binding, and stationery, and $2,917.01 for contingent expenses, making in all $219,093.13, which sum was assessed
upon the several national banks in proportion to their circulation
redeemed, at the rate of \ }. 84x^-0 for each $1,000. This rate of expense
is 5yVVo cents less than the lowest rate heretofore made.
While there has been a large increase in the average amount of
national-bank notes outstanding since the fiscal year 1900, the increase
in the amount of notes presented for redemption has been larger.
The details by years are shown in the following tables:
T H E AVEKAGE AMOUNT OF NATIONAL-BANK NOTES OUTSTANDING AND THE INCREASE,
BY FISCAL YEAES, FROM 1900 TO 1904.

Average
a m o u n t of
n o t e s outstanding.

Year.

1900
1901
1902
1903
1904

$260,293,746
339,884,257
358,173,941
383,173,195
.--- 428,886,482

I n c r e a s e i n n o t e s outstandiug.
Amount.

$79,590,511
18,289,684
24,999,254
45,713,287

30.58
5.38
6.98
11.93

168,692,736

..
I n c r e a s e s i n c e 1900

64.77

AMOUNT OP NATIONAL-BANK NOTES PRESENTED FOR REDEMPTION AND THE
BY FISCAL YEARS, FROM 1900 TO 1904.

..
I n c r e a s e s i n c e 1900

INCREASE,

Notes pre- Increase i n redemptions.
s e n t e d for
redemption.
Amount.
Per cent.

Year.

1900
1901
1902
1903
1904

Per cent.

..

$96,982,608
147,486,578
171,869,258
196,429,621
262,141,930

$60,503,970
24,382,680
24,560,363
65,712,309

52 08
16.53
14 29
33.45

165,159,322

170.SO

During the fiscal years 1900 to 1904 there was a net increase of 1,803
in the number of banks, making a total of 5,386 on June 30, 1904.
The net increase during the fiscal 5^ear 1904 was 381. Since the
redemption agency was established the number of banks has increased
3,403.
The amount of national-°bank notes presented for redemption during
the first three months of the current fiscal year was $70,247,586, being
an increase of $11,607,579, or 19.79 per cent, as compared with the
amount presented in the corresponding period of the last fiscal year.
The amounts presented for the two periods are here contrasted by
months:




151

TREASUREE.

AMOUNT OF NATIONAL-BANK NOTES PRESENTED FOR REDEMPTION DURING THE MONTHS
OF JULY, AUGUST, AND SEPTEMBER, 1903 AND 1904.
Increase in 1904.
1903.

1904.

Amount.

Percent.

July
Angust
Se])tember

$22,953.412
18,856,085
16,830,510

$27,138,361
24,922,175
18,187,050

$4,184,949
6,066,090
1,366,540

18.23
32.17
8.06

Total

58,640,007

70,247,586

11,607,679

19.79

SHIPMENTS OF SILVER DOLLARS.

The movement of silver dollars from the Treasury in 1904 was
$149,439 less than in 1903. Such shipments were $27,283,457 in 1890;
$27,155,466 in 1895; $36,284,791 in 1900; and $41,032,715 in 1904.
For the first quarter of 1905 the shipments exceeded those for the
like period in the preceding year by $2,195,951, or 17.6 per cent. The
cost of transportation which is paid by the Government was $1.93 per
$1,000 against $2.03 in 1903 and $1.99 in 1902.
The transactions by months in the last two years were:
1904.

1903.
July
..
August
September

$2,965,341
4,348,313
6,811,242

First quarter
October
November
December
January
February
March
April
May
June

. .
$14 124,896
6,619,442
3,527,797
3,621,160
1,807,794
2,187,575
2,631,184
2,612,793
2,376, 664
2,772,859

Total

41 182,154

1906.
$2,514,897
4, 533,547
7,563 357

$3,015,158
3,497,622
6,903,070
$12 415 850

$14 611,801

5,992,380
4,548,723
4,430,400
1,515,796
1,994,938
2,499,448
2,337,309
2,436,148
2,861,724
41,032,715

EXCHANGE OF SILVER DOLLARS.

Silver dollars were presented at the Treasury offices for exchange
into other moneys in the last fiscal year to an amount of $4,457,655, or
10.7 per cent greater than in the previous twelve months. Such
exchange is a movement into the Treasury, and it exceeded the shipments last year by $5,065,599. These exchanges for July, August,
and September last were $418,743 m o r e t h a n in the same months of
the year preceding.
This movement at the several offices is reported below:
Fiscal year—
Offices.
Washington..,
Baltimore
New York
Philadelphia..
Boston
,
Cincinnati
Chicago
'St. Louis
New Orleans..
San Francisco
Total...




1903.

1904.

First quarter—
1904.

1905.

$1,409,784 $1,957,164
1,646,890 1,407,290
5,131,427
5,202,722
3,595,664 3,712,274
1,654,990 1,650,365
4,079,340
4,724,225
9,269,461 10,146,904
7,805,176 8,850,295
4,706,750
5,676,760
2,441,188 2,771,325

'$337,106
283,770
1,314,476
1,008,068
449,180
1,152,665
2,284,198
1,996,770
942,500
461,811

$439,982
247,910
1,207,016
837,684
645,150
1,173,795
2,262,693
2,249,630
1,094,900
689,627

46,098,314

10,229,644

10,648,287

41,640,659

152

REPORT

ON T H E

FINANCES.

SHIPMENTS OF SUBSIDIARY COINS.

To the subsidiary silver in circulation addition was made during the
past fiscal year of $2,801,649, carrying the total up to $95,528,343."
The shipments were $270,503.25 more in 1904 than for the preceding
fiscal year.
Payments of this coin for various purposes during the year amounted
to more than $24,900,000.
In the first quarter of 1905 the transactions were more by $776,648.10,
or 10.3 per cent, than for the same months of the year before.
By months the shipments were—
1903.
July
August September
First quarter .
October
November
December
January
February.
March
^- - . .
April
May
June .
Total .

^

1904.

1905.

$2,044,766.40
2,306,490.80
3,164,679.00

$1,944,662.60
2,556,652.00
3,366,228.50
7,867,333.10

$1,808,117.30
2,793,410.80
3,680,956.20
7,506,836.20

2,820,690. 65
2,094,113.20
2,112,150.60
937,316.16
1,172,003.10
1,558,940.40
1,716,839.00
1,766,619.75
2,066,439.90

2,949,427.30
2,201,045.60
2,257,085.40
841,691.40
1,235,711.00
1,768,549.60
1,707,270.40
1,823,765.60
2,092,565.40

24,112,444.65

8,282,484.30

24,382,947.90

.

REDEMPTION OF SUBSIDIARY COINS.

The redemption of subsidiary coins into the Treasur}^ in 1904 was
more by $5,415,893, or 13.2 percent, than in the preceding twelve
months. In the first quarter of 1905 $727,938 more was redeemed
than in the like period of 1904.
The details by offices follow:
Fiscal year—
Office.

First quarter—

1903.

1904.

1904.

Washington.Baltimore
New York
Philadelphia.
Boston
Cincinnati
Chicago
St. Louis
New Orleans.
San Francisco

$1,880,818
2,509,780
16,279,882
6,832,906
1,467,620
1,924,675
4,593,434
3,437,580
1,050,715
1,981,934

$2,315,876
2,683,610
18,150,460
6,411,047
1,760,980
2,313,805
5,280,054
4,151,163
1,061,376
2,356,778

$480,306
632,140
4,472,448
1,604,776
479,560
527,280
1,241,630
921,143
192,800
547,257

Total-.-

40,959,244

46,375,137

11,099,240

1905.
$545,054
624,060
4,501,287
1,490,477
480,340
535,660
1,233,837
1,568,690
262,950
594, 933
11,827,178

VOLUME OF MINOR COINS.

Minor coins are not included in the general statements of circulation, nor in the sum of money in use. Yet their aggregate value is
considerable, no less than $38,149,519.09 on June 30,1904. An increase
of $1,583,715.03 took place in the 1-cent and 5-cent pieces during the
fiscal year then ended, of which $624,524.58 wias in bronze cents and
$959,190.45 in nickel pieces of 5 cents.




153

TREASURER.

The denominations of the coins outstanding and of those minted and
remelted in 1903 and 1904 may be seen in the table appended.
Fiscal year 1903.
Denomination.

Coined
uoinea.

Remelted
Jrcemeuea.

Outstanding
j ^ ^ ^ ^ g^^ ^g^^

Copper cents
Copper half cents .:.
Copper-nickel cents.
Bionze cents
Bronze 2-cent pieces
Nickel 8-cent pieces.
Nickel 5-cent pieces.

$1,562,887.44
39,926.11
2,007,720.00
12,498,023.17
912,020.00
" 905,768.52
22,489,678.95

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

Total...-

40,416,024.19

3,847,829.40

36,568,194.79

$379,633. 59

Fiscal year 1904.
Denomination.

Coined.

Remelted.

Outstanding
June 30, 1904.

$1,562,887.44
39,926.11
2,007,720.00
13,143,194.77
912,020.00
905,768.52
23,607,135.40

Total

799,323.11
209,019.54
338,435.22
279,797.86
2,022,785.60

$1,183,116.62
39,926.11
1,208,396.89
12,934,175.23
573,684.78
626,970.66
21,684,349.80

42,178,652.24

Copper cents
Copper half cents . -.
Copper-nickel cents
Bronze 1-cent pieces
Bronze 2-cent pieces
Nickel 3-cent pieces.
Nickel 6-cent pieces.

4,029,133.16

38,149,519.09

$379,771.82

SHIPMENTS OF MINOR COINS.

A slight decrease ($14,917.26) occurred in the last fiscal year in the
shipments as compared with its predecessor. The cost of transportation in 1904 was $18.98 for each $1,000, and $21.74 in 1903.
The.first quarter of 1905 shows in comparison with that of 1904 a
decrease ^of $7,800.24.
Fiscal year 1903.
Expense of
transportation.

Office.

Washington
Baltimore
Boston
Chicago
Cincinnati
New Orleans
New York
Philadelphia
San Francisco
st/ Louis
Mint, Philadelphia

Fiscal year 1904.
Amount.

Expense of
transportation.

1,664,250.25

$601.97
396.00
1,424.60
4,656.98
1,852.89
1,307.80
2,573.70
7,597.20
1,148.15
4,710.35
41,682. 25

$79,733.20
23,520.00
96,290.00
351,880.64
141,830.00
109,059.00
353, 660.00
234,186.00
33,760.00
224,594.90
,461,780.85

$1,488.56
273.50
963.40
4,888.10
1,439.00
619. 95
3,268.50
5,967.91
470.00
3,612.47
36,072.80

3,125,210.85

67,950.89

3,110,293. 59

59,064.19

$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
293,816.00

Total

First quarter of 1904.

First quarter of 1906.

Washington
Baltimore
•.
Boston
Chicago
Cincinnati
New Orleans
New York
Philadelphia
San Francisco
St. Louis
Mint, Philadelphia

$42,410.00
10,500.00
45,350,00
134,710. 64
65,776.00
50,860.00
86,515.00
112,140.00
32,630.00
99,390.00
157,880.00

$870.25
129.30
453. 76
1,842.70
675.40
587.85
813.10
1,738.15
446.10
1,644.92
8,703.12

$31,195.00
7,450.00
41,485.00
136.956.00
46,695.00
31,084.60
137,630.00
85,690.00

$552.20
90.30
415.36
1,991.90
470.55
1.69
1,763.05
2,394.00

92,095.90
220,170.00

1,730.41
4,212. 87

Total..

837,150. 64

17,904.64

829,350.40

13,622.32

Office.




154

REPORT ON T H E FINANCES.
REDEMPTION OF MINOR COINS.

Minor coins redeemed in 1904 were $817,113 in excess of the value
in 1903, or 17.1 per cent. The transactions from July 1, 1902, to
October 1, 1904, in the several offices are reported below:.
F i s c a l year—

First q u a r t e r -

Office.
1904.

1903.

1904.

1905.

Washington..
Baltimore
New York
Philadelphia.
B o s t o n --Cincinnati
Chicago-.-M.
St. L o u i s
New Orleans.
San Francisco

$250,154
619,690
2,033,967
628,612
236,430
273,022
476,738
194,540
36,180
22,036

$299,835
643,430
2,338,437
722,141
267,220
353,569
599,559
280, 375
47,480
35,436

$69,456
161,880
571,050
171,429
66,060
75,205
113,377
61,870
12,200
7,380

$91,909
181,190
606,476
175,351
70,230
90,155
132,100
90,716
21,125
8,829

Total...

4,770, 369

6,587,482

1,309,907

1,468,080

The activity in silver and minor coins may be illustrated by the
amount counted at the Washington office in the years ended October 1,
1903 and 1904, respectively, with the increase in dollars and percentage,
as in the following: table:
SILVER AND MINOR COIN

Designation.

COUNTED.

Year ending
Year ending
October 1,1904. October 1,1903.

Increase.

Standard dollars
Subsidiary silver
Minor coin

$2,372,546.00
2,493,658.90
313.980.00

$1,659,280.00
2,051,677;18
266,553.23

Amount.
$813,266.00
441,981.72
48,426.77

Per cent.
52.1
21 5
18.2

Total

5,180,184.90

3,876,510.41

1,303,674.49

33 6

SILVER AND MINOR COINS IN GOOD SUPPLY—DEMAND FOR NEW COINS.

The fact that the movement into the Treasury surpasses the outgo
in the case of silver dollars, subsidiary coins, and minor coins, is suggestive. I t doubtless signifies that the provisions of the Mint Bureau
in these fields are now adequate for the immediate needs of the people,
and that the task remains to look out for the requirements of the early
future. Urgent requests frequently reach the Department for new
coins, particularly for certain branches of the retail trade, and for institutions which make a specialty of business with women. I t is a fair
question how far the Treasury ought to go to furnish new coins from
the Mint when coins hardly tarnished and in no way disfigured glut the
subtreasuries. When this service can be rendered, the coins are
shipped, but when those which are sent out are returned to the Treasury offices without marks of use, and after a very brief period of circulation, the gratification of a pleasant sentiment may be regarded as.
not of public advantage enough to justify the cost. W hile the outward
flow was greater than that into the Treasury, this consideration did not




155

TREASURER.

arise. The adjustment of the demand must be determined in view of
the burden on the Government as well as the wishes of the claimants.
RECOINAGE OF GOLD, SILVER, AND MINOR COINS.

Worn gold coins reminted in 1904 exceeded in value those so treated
in 1903 by $502,923.50; silver coins were $182,689.48 less, and minor
coins were $14,309.50 less in value in the later year.
The face value in each case, and the loss in gold and silver, respectively,
are set forth in the subjoined tables:
1904.

1903.
Denomination.

Face value.

Loss.

Face value.

$285,820.00
409,080.00
257,680.00
17,260.00
174.00
464.00

Double eagles
Eagles
-r
Hall eagles
Quarter eagles
Three-dollar pieces
One-dollar pieces
Total gold

970,468.00

Half dollars
Quarter dollars
Twenty-cent pieces
Dimes
Half dimes
Three-cent pieces

$544,720.00
377,420.00
. 538,030.00
13,077.50
8L00
63.00
1,473,391. 50

$9,559.54

1,300,361.50
931,147.25
234.40
777,615.40
1,689.05
^
136.78
3,Oil,074.38

Total silver
Minor coins

4,177,166.63

$11,347.04

1,248,506.50
873,726.76
365.60
704,289.00
1,409.85
97.20
191,712.16

2,828,384.90

195,613.25

Aggregate

Loss.

172,280.69

181,303.75
201,271.70

4,483,080.16

183,627.73

SPURIOUS ISSUES DETECTED IN 1 9 0 4 .

In view of the vast volume of currency in circulation, and its variety,
its^good condition ia shown by the fact that the diligence of the experts
in the Treasury offices detected of spurious issues only $12,714.95 in
nominal value, in all kinds, during.the past fiscal year. This is a
smaller sum by $673.60 than for the twelve months previous.
The record of such issues detected is here presented:
Denomination.
One cent ..
Two cents
Three cents
Five cents
Ten cents
Twenty-five cents
Fifty cents
One dollar
Two dollars
Quarter eagles
Fi ve dollars
Ten dollars
Twenty dollars
Fi fty dollars
One hundred dollars
Total




Minor
. coins.
$348.18
.02
.30
159.35

Fractional
currency.

Silver .
coins.

$0.30
34.60
223.00

$513.30
714.00
1,220.00
2,274.00

Gold
coins.

$11.00
60.00
75.00
30.00
80.00

607.85

257.80

4,721.30

256.00

United
States
notes.

$20 00
66.00
305.00
520.00
700.00
960.00
200.00
2,761.00

156

REPORT ON T H E F I N A N O E S .
Treasury NationalSilver
Gold
notes of bank notes. certificates. certificates.
1890.

Denomination.
One cent
Two cents
Three cents
Five cents
Ten cents
Twenty-five cents
Fifty cents
One dollar. -•
Two dollars
Quarter eagles
Five dollars
Ten dollars
Twenty dollars.Fifty dollars
One hundred dollars
Total

$63.00
134.00

$16.00

35.55
•

.- .-

. .

$78. 00

10.00
20.00

515.00
840.00
800. 00
100.00
300.00

$300.00

81.00

2,633.00

300.00

190.00
750.00
60.00

1,197.00

• Total.
$348.18
02
.30
159. 35
513 60
748. 50'
1,443.00
2,368.00
294.00
60.00
1,120.00
2,150.00
1,660.00
1,050.00
800.00
12,714.95

Nine compound-interest notes were rejected at this office.

CENTRAL PACIFIC RAILROAD NOTES AND BONDS.

Two of the notes of the Central Pacific Railroad held by the Government in settlement of the obligations of that road, and secured
by its bonds, have been paid since the last report from this office.
They were each for $2,940,635.78, and were paid on January 31,
1904, and August 1, 1904, respectively. For this aggregate sum of
$5,881,271.56 bonds of the company, pledged as collateral forthe notes,
were released at the time of each payment.
Notes on the same account are stillin the Treasury, to become due
February 1 and August 1 in successive years, amounting in all to
,465,722.02, and secured by first-mortgage bonds of the company
for 126,466,000.
SPECIAL TRUST FUNDS.

The only change made during the year in the special securities held
in trust was the withdrawal on February 13, by the Secretary of
War, of 15,000 in consols of 1930^ which had been held for him.
The special trusts in the vaults of the Treasurer are:
Louisiana State bonds
North Carolina State bonds
Tennessee State bonds

$37,000.00
58,000.00
335,666.66f

Total

430,666.661

United States bonds are held by the Treasurer, under specific provisions of law, as follows:
American Printing House for the Blind, 4 per cent
Manhattan Savings Institation, 4 per cent J
North American Commercial Company, 2 per cent
Total

_

$250, 000
75, 000
50, 000
375, 000

Captured bonds of the State of Louisiana, held for the Secretary of W a r . . . 545,480
A package sealed and said to contain Spanish ''certificatesof inscriptions,"
held for t h e Secretary of State
• 600,000




TREASURER.
-

157

DISTRICT OF COLUMBIA.

The transactions of the Treasurer of the United States, ex officio
commissioner of the sinking fund of the District of Columbia, pertaining to the affairs of the District, are fully set forth in a separate
report.
During the fiscal year 1904, the bonds of the funded debt retired,
including the bonds called, on which interest has ceased, amounted to
$427,150, resulting in a net reduction of the annual interest charge by
$15,931.57.
From July 1, 1878, to the close of the fiscal 3^ear 1904, the bonded
debt was increased b}^ the issue of 3.65 per cent bonds for $1,229,550,
and decreased by the operations of the sinking funds and otherwise
$10,843,500, making a net reduction of $9,613,950, and of the annual
interest charge $559,775.57. The interest-bearing bonds of the funded
debt outstanding June 30,1904, were $12,492,700.
Since the close of the fiscal year the debt has been further reduced
by the purchase of 3.65 per cent bonds for $441,350. This leaves outstanding October 1, 1904, $12,051,350 in bonds bearing 3.65 per cent
interest.
At the close of the fiscal year 1904, the 10 per cent guaranty fund
held for account of District contractors amounted to $378,128.97, and
was credited to 113 separate contracts. Of this sum $336,216.85 is
invested in bonds purchased at the request and risk of contractors.
The Treasurer has been the custodian of the police and firemen's
relief funds since March 23, 1885. The police fund then consisted of
3.65 per cent bonds for $23,000 and $108.92 in cash, and the firemen's
relief fund of $711.17 in cash. These funds steadil}^ increased for five
or six years, and then, owing to increasing demands for the benefit of
the police and firemen, they rapidly decreased until in 1896 the funds
were dissipated. The District appropriation act approved June 11,
1896, provided for the deficiency in these funds by appropriating the
necessary amounts thereafter from the receipts from fines in the police
court. Therefore, as there can be no surplus to invest, the Treasurer,
in order to avoid an unnecessary number of accounts, on December 8,
1903, deposited these funds then in his disbursing account, in the
Treasury in the general account to the credit of the respective funds,
and all sums received for these accounts thereafter were in like manner deposited directly in the Treasur5^
The receipts during the year for account of the police relief fund
were $54,104.73, and for account of the firemen's relief fund $21,658.76.
These sums were advanced to the Commissioners of the District in
monthly installments.
The securities of the District in the care and custod}^ of the Treasurer are:
3.65 per cent bonds (unsigned)
Bonds for account of District contractors
Chesapeake and Ohio Canal bonds
Total




14,149,950
295,980
84,285
4,530,215

158

REPORT ON THE FINANCES.
THE WORK OF THE TREASURER'S OFFICE.

In every branch the work of the Treasurer's Office grew rapidi}^
during the past fiscal year. The details of receipts, payments, issues,
redemptions, shipments of currency and coins, and exchange, are presented on the preceding pages. As nearly as can be reckoned, for
accounts and some other items can not be compared fairly by figures,
the growth in the office as a whole has been over 18 per cent, while
additions to the force, including details, have been only 4.1 per cent.
The business transacted by mail illustrates in part the operations of
the office. The value of registered letters sent during the year
advanced from $16,305,788.59 to $43,861,228.97, or 168.9 percent,
while that of registered letters containing currency received, increased
from $1,233,575.10 to $1,289,268.26, or 4.5 per cent. Registered letters contained bonds amounting to $31,371,639.07, and this is less than
last year by $25,850,730.75.
The table following recites the details:
LETTERS RECEIVED.

Letters
Letters
Letters
Letters
Letters

received by open mail
received by rejsjistered mail
received containing bonds, currency, etc
referred to other bureaus
briefed and recorded

239,015
25, 850
13,296
5, 260
31,603

,

LETTERS SENT AND SIGNATURES ATTACHED.

Letters sent by open mail
Interest checks mailed
Value of interest checks mailed
Letters sent by registered mail
Letters and forms bearing autograph ^signatures
Autograph signatures to warrants, transfers, checks, requisitions,
receipts and bonds
Forms bearing printed signatures, etc., mailed
Printed notices mailed
Value of registered letters sent
'
Value of registered letters containing currency received
Value of registered letters containing bonds, etc., received
Signatures of Treasurer United States, account sinking fund, oflSce
District of Columbia
Blank checks issued to disbursing officers
»

393, 374
202,972
$20, 202, 766. 28
17, 736
36,517
347, 551
382, 692
249, 703
$43,861,228.97
$1, 289, 268. 26
$31, 371, 639. 07
2,014
53, 930

With the rapid strides in the vast monetary business of the Government, the loyalty, energy, conscientiousness and efficiency of every
person in the Bureau of the Treasurer have kept quick pace. Zeal,
alacrity and a full sense of responsibility have governed the staff,
chiefs of divisions, clerks of every grade, and eveiy person employed.
Their capacity, intelligence and experience have borne ripe fruit.
The Department and the countiy are to be congratulated on service so
faithful, so conscientious, and so valuable. With every year the
privilege and dut3^of bearing this testimony to the character and work
of every member of the force are more grateful and more imperative.
Respectfully,
E L L I S H . ROBERTS,

Treasurer of the TJnited States,
Hon.

L E S L I E M . SHAW,

Secretary of the Treasury.




APPENDIX TO REPORT OF THE TREASURER.
No.

.1.—REVENUES AND EXPENDITURES FOR THE FISCAL Y E A R 1904, AS SHOWN BY
WARRANTS ISSUED.

Revenues.

Expenditures.

$261,274,564.81
232,904,119.45
7,453,479.72
38,999,585.42

Customs
Internal revenue
Lands
Miscellaneous
Commerce and Labor
Interior civil
Treasury, proper
Diplomatic
Judiciary
War
Navy
] nterior Indians
Interior, pensions
Interest

Repayments
Counter
from unexpended appro- credits to ap-propriations.
priations.

449, 977.56
13,869.09
208,156.42
247,965. 22
840 988 76
3,340,356.11
" 55,295.81
35 119 04
331, 885.44
250. 34
12,601,047.84
4,369,824. 69
2,030,759. 33 24,497,623.19
788,062.29
67,694.86
2,884,263. 57
1.00
134,997. S3

582,402,321.31

540,631,749.40

Premium on consols of 1930
Premium on bonds exchanged
Public debt

$1,131,174.11
60,497.59

ii,457,9i9.96
14,012,160.16
123,199,502.01
4,191, 449.47
7,100,346.83
116,035, 410.58
102,956,101.55
10,438,350.09
142,559, 266. 36
24,646,489.81

Total

$21,475,624.78
5,329,699.71

24,006,473.40

30,129,950.37

24,006,473.40

30,129,950.37

455,336.00
699,205,605.00

1,257,578.01
637,866,801.76

1, 240,292,690;40

Aererreerate

$56,162 79
451.39

1,221,326,701.07

M o . S . - -NET ORDINARY REVENUES AND EXPENDITURES FOR E A C H QUARTER OF THE
FISCAL Y E A R 1904, AS SHOWN BY WARRANTS ISSUED.
Account.

First quarter.

Second
quarter.

Third quarter.

Fourth
quarter.

Total for year.

REVENUES.

Customs
Internal revenue
Lands
Miscellaneous revenue
Total

$72,795,854.87 $61,798,552.69 $65,984,098.43 $60,696,058.92 $261,274,564.81
60,600,916.84 62,447,630.69 53,383,280.17 66.472,292.85 232,904,119.46
2,133,226.92 2,214,963.18 1,762,839.76 1,342,460.86
7,453,479.72
9,020,838.89
7,761,944. 91 11,890,487.69 10,326,314.03 38,999,585.42
144,550,835.52 134,223,08L27' 133,020,705.96 128,837,126. 66 540,631,749.40

EXPENDITURES.

Civil and miscellaneous...
War Department
Navy Department
Interior, Indians
Interior, pensions
Interest on public d e b t —
Total
Excess of receipts.
Excess of expenditures
Net excess of expenditures.

33,386,826.66
34,927,715.21
23,479,323.20
2,875,384.18
37,671,150.01
5,477,138.84

33,708,920.16 37,284,937.08 82,386,019.03 186,766,702.92
27,174,536.12 26,087,763.06 26,845,396.19 115,036,410.58
26,351,679.74 25,142,632.05 27,982,566.56 102,956,101.65
2,682,684.11 2,578,032.93 2,302,248.87 10,438,350.09
35,139,429.39 36,657,764.65 34,090,932.31 142,559,266.36
6,492,223.82
6,156,154.58 6,620,972.67 24,646,489.81

137,817,638.10 131,549,373.33 132,907,274.35 180,128,135.53
6,733,297.42




2,673,707.94

113,431.60

51,291,008.87

582,402,321.31
9 620,436.96
51,291,008.87
41,770,571.91

159

160
No.

REPORT

OJSr T H E

FINAKCES.

3.—RECEIPTS AND EXPENDITURES ON ACCOUNT OF THE POST-OFFICE
MENT FOR THE FISCAL Y E A R 1904.
Balances June
30, 1903.

Office.

Receipts.

DEPART-

Expenditures. Balances J u n e
30, 1904.

Washington
Baltimore
New York
Philadelphia
Boston
Cincinnati
Chicago
St. Louis
New Orleans
San Francisco
National-bank depositaries.
Unavailable items

$286,414.05 a $7,744, 152.05
2,360, 430.06
226,481.08
24,149, 550.50
2,091,766.26
6,062, 000.80
884,365.30
4,370, 473.63
1,130,931.85
3.301, 965.21
926,276. 30
is; 206. 384.52
2,242.204.55
659; 168.79
5,295, 480.83
318,197.79
2,162, 310.78
2,514, 061.25
347,652.43
7,766.09
30, 814.78
37,277.06

$7,577, 772.05
2,332; 250.51
24,140, 448.71
6,006, 301.94
4,671 341.70
3,547 347.42
13,63i; 373.05
6,331 694.60
2,108, 621.13
2,355, 084.81
31, 345.18

$452,794.05
254,660.63
2,100,868.05
941,064.16
830,063.68
680,894.09
1,917,236-. 02
623,055.02
371,987.44
506,628.87
7,235.69
37,277.06

Total
Less- -Transfers between offices.
Net receipts and expenditures by
Treasury offices
Receipts and expenditures by postmasters:
For quarter ended—
Sept.30, 1903
Dec. 31, 1903
March 31,1904
June 30, 1904

9,158,501.55

71,197,624.31
11,550,000.00

71,632,381.10
11,550,000.00

,723,744.76

59,647, 624.31

60,082,381.10

22,109,198.44
22,672,255.80
23,165,548.02
23,523,751.73

22,109,198.44
22,672,255.80'
23,165,548.02
23,523,75L73

9,158,501.55

Total.

151,118,378.;

161,563,135.09

8,723,744.76

aincluding deficiency appropriations of $6,631,837.43.
N o . 4.—POST-OFFICE DAPARTMENT WARRANTS ISSUED, P A I D , AND OUTSTANDING FOR
THE FISCAL Y E A R 1904.

Warrants drawn on—

Treasurer United States, Washington
Assistant
treasurer
United
StatesBaltimore
New York
Philadelphia
Boston
':
Cincinnati
•
Chicago
St. Louis
New Orleans
San Francisco

Total




Number
Warrants
of war- outstanding
rants
June 30,1903,
I issued.

Amount of
warrants
issued.

Warrants
Ainount of
outstanding
warrants paid. |June30,1904.

6,311

$6,092.18

$798,577.52

$800,873.42

3,796.28

15,994
23,462
11,605
6,702
18,106
20,987
16,720
15.655
9,752

5,907.74
50,689.38
5,177.87
6.420.65
S; 202.37
43,724.28
77,788.37
20,056.34
86,653.90

2,334,529.07
24,142,926. 27
6,005,862.11
1,828,433.60
2,450,342.11
12,939,370. 42
5,344,282.92
1,912,201.03
2,381,941.67

2,333,078.60
24,148,218.20
6,005,301.94
1,821,341.70
2,447,272.96
12,931,636.13
5,331 694.60
1,908 536.19
2,354 627.36

7,358.21
° 45,397.45
5,738.04
13,512.55
11,27L52
61,458.57
90,476.69
23,721.18
114,068.21

60,138,466.72

60,082,381.10

366,798.70

145,184

310,713.08

161

TREASURER.
]V([>. 5.-

-RECEIPTS 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 1904.
Account.

Gold c o i n .

Standard
silver
dollars.

Subsidiary
silver.

United
States
notes.

Treasury
• notes.

KECEIPTS.

Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers.. 1
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Issues

$3,000
$3,3i2
92,613

1,514

$54

$297,400

3,578
2,844,226
248
369,897
843
35,320
187,561 119,897,484
13
500
2
14,210
4
1,040

149,423

1,957,164

2,315,875

15,715,286
122,680,000

1,427,196

402,584

2,246,150

2,508,178 261,855,363

6,230,722

75,658

510

ioo

Total

21
284,451

157,236

....

1,396,769

$4,803,526

DISBURSEMENTS.

Warrants and checks
Disbursingofficers
.....
Post-Office D e p a r t m e n t
Transfers
Redemption a n d exchauge:
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
G o l d certificates
Silver certificates
Minor coin
Redemption a n d destruction .. .
Five per cent fund

391
396
2,233
100
70
30,281
27

Total

108,469

2,361
408
10,305
51

1,411,181

3
210,515
1
1,128,432

881,950
17,387,930
39,240
91,807,200

79,435
1,138
1,201
203,748

12,645
61,400
625,640
10,101,051
264,590
17,219,007
. 555,936
573,494
93,490
122,680,000

" 6,265,000

2,523, 602 262,303,473

. 6,265,000

172,300
716,170
11,649
10

NationalGold
Silver
b a n k n o t e s . certificates. certificates. M i n o r c o i n .

Account.

Total.

RECEIPTS. .

$309,950

$13

$1,197,934

4,229,470'
664,840
29,390
138,299,780
• 34,500
17,100

2,833,882
947,799
387,841
252,083,069
492,084
308,495
29,470

820
61
115
18,316

9,916,802
2,125,673
482,247
560,828,246
627,097
339,807
30,614

216,489,399

5,246,78.0
151,-340,000

47,404,425
312,576,000

299,836

291,013,196
586,596,000

261, 672, 967

300,171,810

617,650,682

319,160

1,463,057,516

1,848,970
32,440,700
88,260
• 126,324,500

Total

$587,517

$50,215
28,717
45,104,636

Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
'J^ransf ers
Standard silver dollars
Subsidiarv silver
Minor coin.
Gold certificates
Redemption and exchange
Issues

396,850
9,348,647
171,772
150,275,297

148
19,411
142
95,388

3J126 921
59,483,271
299 405
371,027,676

7,750
411,850
766,210
2,327,160
332,780
3,350,850
1,143,940
1,480,070
69,330
129,689,300

28,664
1,296,574
766,219
3,015,660
829,726
100,142,863
2,647,658
45,337,742
116,279
306,806,000

28,551
3,197
4
,12,635

157,236
1,774,555
- 2,168,274
>
15,664,838
1,427,196
120,894,386
5,246,780
47,404,436
279,137
696,277,271
228,691,892

300,180,660

621,178,731

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 v n o t e s of 1890
National-bank notes.
Gold certificates
S i l v e r certificates
Minor coin
Redemption a n d destruction
Five per cent fund •

30,936,971
228,691,892
259,628,863

Total

Fl 1904-

•.

-11




8,898
143,490
1,402
28

313,294

1,453,913,273

162

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

N o . 6.—RECEIPTS AND DISBURSEMENTS OF EACH K I N D OF MONEY ON A L L ACCOUNTS
AT THE SUBTREASURY IN BALTIMORE FOR THE FISCAL Y E A R 1904.

Gold coin.

Account.

Standard
silver
dollars.

Subsidiary
silver.

United
States
notes.

Treasury
notes.'

RECEIPTS.

$114
66
2
6
39
21

$859
92
182
63
1,642
106,307

900
390,000
722,689

1,407,290

1,379,365

660

$17,213

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

5
4,771
3,302
239,485
1,000

Total

$593,740
16,323
37,206
209,050
108,398.
6,522,390
5,404
48,417
6,050

$1,857
166
40
1,566
985
31,545
1
894
54

2,683,610

1,757,314

49,915

1,407,538

2,692,755

9,303,291

87,023

53

480
5,560
600
657,696

832,465
2,369,925
405,640
3,598,010

87,000

4,662

10,000
61,090
878,380
732,989
44,924

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

066,600
.......

16,000
353,230
297,220

Total

:..

13,400
338,181
- 214,963

30
472,418
2
806,355
470,716
157,362

1,533,197

2,575,780

666,010

22,500
210,320
9,156,243

Silver
NationalGold .
bank notes. certificates. certificates. Minor coin.

Account.

87,000
Total.

RECEIPTS.

Total

$2,641,770
49,600
57,760
228,200
152,490
13,842,180
168,820
180,140
16,930

$201,364
14,208
45,947
433,999
253,778
" 8,699,420
221,575
136,081
• 18,226

$49
5
23
7
177
33,823

1,001,905

6,412,200
3,440,000

6,183,670

643,430

3,215,202

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

27,189,090

15,108,268

677,614

61,060,046

3,537,600
4,672,970
1,841,970
8,112,000

89,107
1,302,982
84,002
8,599,056

60
679
68
30,960

4,459,712
8,252,629
2,332,280
25,256,310

1,050,680
965,690
1,674,000

10,684

5,064,750
217,000
411,200

1,864
395,470
27,390
17,101
812
3,905
76,080
4,464,669
21,380

1,092,690
1,412,250
2,579,800
1,767,314
49,916
1,001,905
6,412,200
5,183,670
642,900

27,447,760

15,083,717

$18,625
4,280
. 245,630
185,808
1,655,884
93,845
9,225
•

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury°notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Total...-.




,
3,205,000

o

3,205,000

168,176
4,177
191,646
165,263
107,276
678,868

$3,466,966
98 085
145.444
1,123.292
706 619
31,031,055
396,800
459,377
50,386
390,000
19,762,023
8,440,000

60,433,575

163

TREASURER.

N o . 7.—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

Account.

Gold coin.

Standard
silver
dollars.

Subsidiary
silver.

1904.

United
States
notes.

Treasury
notes.

RECEIPTS.

•Customs
Internal revenue
•Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Gold bars
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Special customs deposit
Issues

$4,759,750

$267

$1,618,538

138
132
1,687
282,764
6

36,046
920.475
931,464
33,307,610

$156,066
Q

270
8,120
14,200
970,830

3,580
12,770
11,708

7,500

500

19,352,429
208,000

5,202,722

26,321,099

. . .

1

is, iso, 460

47,190
89,180
23, 240

126

71,333,574
2,678

5,387,346

18,436,581

108,209,995

3,019,931

11,946

3,155
86,207

1,276,620

6,629,771

54,608,000

1,471,708

35,637
3,142,834

1,500,004

Total

$200
366,694

1,838,602

DISBURSEMENTS,

Warrants and checks
Disbursing officers
Post-Office Department
Trajisf ers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasurv notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin .
Clearing-house balances
Total

625,659
24,319,296

49,629,230

49,481,232

1,145,166
395,585

583,927
9,905,030
48,720
492
163

263,270

2,829, 216

16,938,799

107,882,973

20,800,000
*.

Account.

1,826,000

55,685

352,000

Gold
Silver
Nationalbank notes. certificates. certificates. Minor coin.

1,826,000
Total.

RECEIPTS.

Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department.
Transfers
Gold bars
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Special customs deposit
Issues
Total

$168,862,860

$985,547

$61

$176,283,079

$44,066
9,170,350
864,960
32,070,160
9,524,290
808,798
3,562,743 433,088,776
75,246,394
3,984,950
134,200
218,605
6,816,000
42,736
764,870

62,002
1,303,726
1,216,106
54,634,192

19
30
54
91, 371
4

9,302,880
35,171,183
12,509,569
626,316,688
75,246,404
4,286,970
7,210,390
845,659

214,347,836
1,492

2,338,437
27

422,816,306
375,863,933
23,380,000

6,410,786 1,228,434,710 272,764,949

2,429,993

1,669,233,061

122
4,123

9,375,842
667,198,819
142,781
320,802,699'

734,690

89,884,450
376,651,610
23,380,000

120,630
78, 605
24,813

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Clearing-house balances
Total




5,042,000

9,296,350
658,966,020
142,770
126,824,475

40,578
813,508
11
123,670,987

19,311,425

1,164,250

10
6,185,274
18,130,931
20,604,700
1,478,140

200
414,200
222,000

52,373; 860
30,000
113,408,560 100,251,574
2,331,698
251,084,000
17

6,428,250 1,231,821,850 272,437,428

424,942
1,010
116,100
139
150,763
1,543,870
140,688
7?0
13.

19,368,130
6,185,274
• 18,131,131
71,141,891
1,478,279
734,690
89,891,220
214,245,117
2,332,910
272,147,453

2,382,490 1,692,176,236

164
No.

REPORT ON T H E FINANCES.
§.—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 1904.

Gold coin.

Account.

Standard
silver
dollars.

Subsidiary
silver.

United
States
notes.

Treasury
notes.

RECEIPTS.

$1,947,762

$890

$3,186,065

$3,238

171
67 962
1 070
2

728
9 896
4 670
30,522

62,443
669 743
487,531
12,174 887

3,257
8,216
1,495
7,038

40,805
19,110
.7,280,000
2,030,207

50

254 575
91,295

300
540

3,712,274

6,411,047

10,552,786

196,053

12, 947,251

.©

$14 412

6 027
4,237
103 085
1,516,018

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
Tran.sfers
Standard sih'er dollars
Subsidiary silver
M i n o r coin
Gold certificates
Redemption and exchange
Issues

3,785,941

6,457,753

27,479, 330

220,137

2,179,488

27,437
49,042
7,740
3,399,524

1,891,700
6,988,180
381,740
9,522,000

221,500

•

Total
DISBURSEMENTS.

1,395,000
3,466.642
198,200
50,000

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 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
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates .
Silver certificates
M i n o r coin

^...

8,400
416,360
2,860,406
1,130

328

4,785,560
677,500
12,600
13,871,797

Total

1,778,924
3,958,740

NationalGold
b a n k n o t e s . certificates.

Account.

4,620
17,877
401
453,077
4,607
919,387
1,069,620
246,244
173
6,199,749

699,160
6,638,100
150,100
1,105,000
62,360
27,438,340

"Silver
certificates. M i n o r coin.

221,500
Total.

RECEIPTS.

$12,817 410

Total

$1,220,400

$65

191,450
977 9^0
1,845,835
30,695,705
1
963,9i6
455,630

51,976
1,017,962
828,461
28,665,205
1,945,198
458,242
154,460

1,092
36

999,787

50,783,370
31,400,000

28,956,956

722,141

6,646,147

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
M i n o r coin
Gold certificates
Redemption and exchange
Issues.

130,131,2^0
J

63,298,860

723,412

251,590,121

6,628,900
18,992,9§7
5,074,473
36,668,400

762,262
7,364,677
251,710
28,070 000

2,035
. 8,019
62'
362,905

10,597,334
36,869,667
5,913,915
86,906,817
9,310,207
3,732,024
6,458,578
10,555,986
198,253
999,787
50,783, ?70
29,021,256
721,807
252,068,891

$45,781
662,979
1,411,266
2,859,946
432,038
134,350.

,

$19 190,242
361,904
3,408,987
4,684,605
76,949,359
1,945,198
2,149,870
855,435
7,280,000
104,364,621
31,400,000

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 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 . . . .
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
Total




6,533,000

I
9,303,800
106,600
3,820,720
564,050

^

3,598 712
1,521,929

43,697,000
4,786,900
428,260.

23,000
21,460,650
218,362

1,787
107
8
40,364
1,416
80,400
103,190
81,138
52

63,251 202

681,463

41,o5o

„

6,533,000

129,913,100

165

TBEASUUlEfi.

:sfo. 0.- - R E C E I P T S
AT THE

A N D i)TSBURSEMENTS OF E A C H K I N D OP MoNEY ON A L L ACCOUNTS
SUBTREASURY I N BOSTON FOR T H E F I S C A L Y E A R

Account.

Gold coin'.

Standard
silver
dollars.

•

Subsidiary
silver.

1904.

United
States
notes.

Treasury
notes.

RECEIIJTS.

Total

$68,785

$85,909

$2,128

$1,889,094

$69,183

1,480
1,000
15,998
270,710

216
969
7,122

1,486
49
2,694
370,200

71,920
575,090
787,898
15,047,594

2,074,640

1,650, 365

1,760,980

291,700
13,005
5,267,896

3,458
205
2,967
30,809
49,000
4,200
5,500
65 905

2,436,113

Customs
Internal revenue
Miscellaneous
Disbursing oflicers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Redemption and exchange .

1,744,681

2,137,437

23,944,197

231,227

1,236', 000

• 1,001
12,136
717
1,462,697

300,480
7,653,890
68,250
9,050,000

225,930

48

100,000

3,500

DISBURSEMENTS.

Warrants and checks
Disbursingofficers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiarv silver
United States notes
Treasurv notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin

160,370
120,261

Account.

7,296

1,126,927

• 444,937

1,407,713

Total

166

i;688,233

78,379
6,484
81,086
194,629
126,220
1,961,396

1,620,780
4,545,300

SO,000
262,580
23,531,280

NationalGold
Silver
bank notes, certificates, certificates, Minor coin.

226,930
Total

RECEIPTS.

Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Redemption and exchange.
Total .

$20,471,130

$1,141,252

340,655
36,530
111,650

161,610
817,180
2,339,700
27,359,120
128,000
505,040
43,570
1,375,060

102,640
355,888
587,030
19,076,934
1,043,000
118,005
44,905
24,414,188

267,220

414,884
2,511,788
4,317,260
63,550,973
1,220,000
1,263,100
143,510
36,987,804

3,268,409

63,190,410

46,883,842

300,718

134,136,934

3,239,177

8,117,010
21,581,900
1,749,100
10,179,600

21,291
1,740,331
3,228
27,964,042

65
668
47
108,841

8,43^,847
31,049,295
1,821,342
53,586,538

1,974,380

192
1,643,945
7,220
42,000

19

2,074,639
1,643,945
1,719,580
5,240,096
65,905
111, 550
1,819,297
23,888,551
267,240

$82,007
762,372
579,833
1,355,462

$134 $23,727,616
67
4
271
33,022

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-Office Department
'Cransf ers
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.




91,580
551,300
51,500
4,800
7,898,900
4,660
3,239,177

15,793,710

23,117
1,460
30,465
48,004
40,721

52.204.730

47,215,959

253,407

131,727,825

166

R:EPORT OK THE FINANCE^.

Bf€>. 1 0 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF MONEY ON A L L AccouNf^
AT THE SUBTREASURY IN CINCINNATI FOR THE FISCAL Y E A R

Gold coin.

Accoimt.

Standard
silver
dollars.

Subsidiaiy
silver.

1904.

United
States
notes.

Treasury
notes.

RECEIPTS.

$32,485

Customs
Internal revenue
Miscellaneous
Disbursiufir officers
Post-OfficeDepartment
Transfers. ...

30,000
10,000
6,000

$125,000

$78
1
61
10
124
695,146
50

S u b s i d i a r y silver
Minor coin
Gold certificates
Redemption and exchange
Issues

$417,900
75,500
223,000
474,600
4,995,300
968,600
129,500
4,000

$12,000

66,000
164,000
1,000

10,000
290,067

2,313,805

438,297

383,552

4,849,226

3,009,27.5

7,716,597

243,000

4,220,775

^ Total
x

4,724,225

1,158
6,700
1,217
2,130,675

1,196,160
1,636,992
476,200
2,806,300

243,000

170

15,000
273,200
385,610
167,700

DISBURSEMENTS.

.

Warrants and checks
D i s b u r s i n g officers
Post-Oflice 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 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 c e r t i f i c a t e s . .
Minor coin

22,855
103,755
1,615
36, 900

143,606

179,715

Total

165,125

204,380
210,321

4,400,490

2,697,226

638,120
63, 315
7,648,597

NationalGold
Silver
M i n o r coin.
b a n k n o t e s . certificates. certificates.

Account.

243,000

Total.

RECEIPTS.

Customs
Internal revenue
Miscellaneous
D i s b u r s i n g offi cers
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
Miller c o i n
Gold certiiicates
Redemption and exchange
Issues

$1,813,000
42,000
89,000
759,500
1,192,500
8,291,500
1,746,500
347,500
1,000

$335,223
2,670
59,284
381,262
482,216
7,631,557
1,310,875
447,400
143,135

7
1
25
58,025

644,590
230,000

6,172,018

853,569

6,326,500

15,157,090

15,966,940

411,633

54,062,812

6,286,500

2,740,570
3,990,530
1,861,010
2,336,000

• 865,651
2,171,782
605,761
6,368,008

249
1,431
265
157,730

4,826,643
7,910,190
2,946,048
24,648,988

165,810
781,500
1,288,085
56,000

88,136
3,677,655
643,665
18.300

49

306,065
4,732,255
2,317,360
438,297

370,000
2,714,000
145,585

1,327,788
163,929

16,449,090

16,920,666

$28,500
735,000
1,122,500
3,619,000
2,000
808,000
11,500

Total

$6

$2,610,692
44,671
252,352
2,098,773
3,301,965
25,491,528
4,186,875
1,733,450
159,935
10,000
13,942,571
230,000

DISBURSEMENTS.

Warrants and checks
D i s b u r s i n g officers
Post-Ofiice 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 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
S i l v e r certiflcates
Minor coin
Total




..

6,286,500

62,692
70,210
119,046

644,590
6,188,990
352,829

401,662

54,212,255

167

TREASURER
Mo. 1.1.- -RECEIPTS

AND DISBURSEMENTS OP EACH K I N D OF MONEY ON A L L ACCOUNTS
AT THE SUBTREASURY IN CHICAGO FOR THE FISCAL Y E A R 1904.

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

$242,400
4,000
15,000
20,000
13,967,960

$1,267,556

50,000

$2

$699,648

$15,800

485,000

130,740
1,307,165
898,330
21,394,224

1 655
3,290
11,355
1,616
95 165

2,214,165
306,410
10,146,904

5,280,054

14,869,697

1,167,186

io,806,444

Total

1,630,000
3,927,084

11,464,460

5,765,056

41,820,179

1,296,066

6,122,858

3,691,885
4,879,585
1,415,390
15,866,500

1,293,360

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
"Silver certificates
Minorcoin

2,503,970
4,028,965
1,686,600
1,235,000

Account.

435,121

5,740
186,300
4,542,490
10.099,710
11,500

196,810
5

19,462

i,464,350
15

136,514

833

69,500
569, 390

10,837,250

5,558,812

41,337,990

11,115,715.

Total

10,681,274

Nationalbank notes

Gold
Silver
certificates. certificates. Minorcoin.

1,293,360
Total.

RECEIPTS.

Total

1,096,430
27,268,240
9,639,310
82,596,940
109,000

$468,801
75
35,045
651,601
631,938
27,626,277
8,903,121
5

117
103
145
147,195

c

8,124,850
2,360,000

38,041,982

599,559

4,349,615

Customs
Internalrevenue
Miscellaneous
Disbursing officers
Post-OfficeDepartment
il'ransf ers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Issues

$8,680,980

139,875,750

76,358,845

747,266

301,483,680

163,660
168,050
13,670
4,035,000

62,512,150
33,775,930
8,256,650
6,898,600

4,615,261
5,274,970
1,442,790
38,016,540

228
146
153
397,822

63,487,144
48,117,645
12,816,253
83,546,854

6,569,920
523,900
237,780
3,637,430
41,000

2,004
9,435,744
496,286
168,715
1,094,219

121

5,577,785
10,146,944
5,276,555
14,845,097
1,166,186

6,654,000
22,018,760
10,810

15,781,148
20,051

922
14

8,118,350
38,007,682
600,265

140,136,820

76,347,727

706,716

291,704,760

$1,740
336,768
1,480,547
348,945
1,992,645
189,970

$146

$11,375,233
76
1,269,727
29,581,167
12,681,625
146,618,156
9,107,286
4,206,815
496,380
1,630,000
82,167,216
2,360,000

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-Office Department
I^ransf ers
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




4,370,370

307,311

168
No,

BEPOJlT ON T H E M N A N 0 E 9 .
ISi.—RECEIPTS AND DISBURSEMENTS OF E A C H K I N D OF MONEY ON A L L ACCOUNI^S
AT THE SUBTREASURY IN ST. LOUIS FOR THE FISCAL Y E A R 1904.

Gold c o i n .

Account.

Standard
silvei
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

$100,214

$214,323

$4

803
2,000
156,839
2,022,200

1,008
1,000
106,626
17,003

6
2
6,096
1,256,005

$771,000

.;
103,540
630,318.
778,067
14,983,510

$1,369
5,000
532,350

3,114,600
279,685 •
8,850,295

4,161,153

2,075,394

631

5,461,056

Total

2,950,000
219,000

9,190,265

5,412,266

22,736,114

539,350

1,830,265
925,300
17,506
1,891,006

470
373
288
8,255,773

696
476
414
3,600,791

2,813,480
5,791,250
1,706,870
7,473,000

582,000

1,752,245

50,000
3,989,853
101,105
631

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

3,113,000
690,826

278,476
7,777,066

Account.

.100

8,947,730

5,254,621

22,204,664

NationalGold
Silver
b a n k n o t e s . certificates. certificates. M i n o r coin.

^
582,000

Total.

RECEIPTS.

Total

$1,356,400

$909,684

$148

$3,351,773

271,500
651,900
801,700
28,059,010
330,000

275,668
760,044
1,064,810
19,829,982
7,216,226

146
129
10,103
194,093

3,443,000
2,950,000

1,049,824

280,375

652,671
3,193,893
3,975,110
73,337,803
8,078,675
3,114,600
279,685
2,950,000
20,069,672
2,950,000

9,170,000

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

37,863,610

31,106,237

484,994

121,953,782

9,379,000

1,339,000
15,686,000
2,642,000
13,669,510

803,926
8,463,696
979,312
11,646,630

339
355
267
238,567

6,788,066
30,857 449
5,346,666
56,636,277

3,169,000
815,000
175,000

8,044,295
500

$1,148,500
1,049,600
6,972,000

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 coin
S t a n d a r d silver dollars
Subsidifl.ry s i l v e r
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
Total




222,044
330,000

3,443,000
1,049,824
283,475

368,898
5,000
9,379,000

37,830,510

30,287,256

3,169,000
8,909,296
4,165,353
2,075,394
631

461,572

122,724,419

169

fItfiAStJKEK.
Wo.

i J l . — 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 ^I'HE SUBTREASURY IN N E W ORLEANS FOR THii: FISCAL YEAR 1904.

Account.

Gold c o i n .

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
Redemption and exchange .

$100,460
42,460
2,547
759,960
3,628
297,300

$58,363
5,861
21.005
28,687
60,454
211,991

$2,458
572
8,713
71,599
34,664
158,632

688,538

5,675, 750

1,051,376

1,794,893

6,062,111

1,328,013

17,321,491

168,386

40,208
17,460
88,390

25
90,926
29
11,151,500

159
162,403
136
804,925

1,936,696
4,645,148
1,800,327
6,346,950

168,686

15

Total

$3,802,073
432,710
194,992
347,037
666,550 .
10,112,904
756,300
276,170
16,855
817,900

202,734
10,100
1,046,176
817,900
89,700

$14,726
3,101
2 763
1,423
^7,052
17,691
9,400
250
1,630
90 450

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
Tiansfers
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

100
366,000
11,000
47,480

Total

602,068
•

11,242,480

967,738

16,954,210

Silver
Gold
NationalMinor coin.
b a n k n o t e s . certificates. certificates.

Account.

168,685
Total.

RECEIPTS.

$173,280
46,690
235,170
391,895
1,962,065
42,500
242,360
48,190
200

$1,231,957
69,007
62,686
• 64,722
476,752
8,724,267
3,002,100
298,250
36,270
2,966,550

$240
465
3,638
626
14,880
125,289

47,480

$9,037,017
1,128,086
444,654
1,636,594
2,139.-235
34,391,699
9,720,800
1,714,650
156,295
11,594,243

25,020,750

16,932,561

192,618

71,963,173

3,149,300

91,500
844,880
101,000
23,686,670

45,432
289,716
7.016
7,72S,303

1,006
65,401
12
120,098

2,074,818
6,138,681
1,925,980
53,139,721

386,780

Total . i.

$3,826,740
400,630
101,620
127,370
564,360
12,781,660
6,911,500
897,620
63,350
356,000

3,142,350

Customs
Internalrevenue . .
Miscellaneous .•
Disbursing officers
Post-Office Department
Ti'ansfers
Standard silver dollars
Subsidiary silver .
Minor coin
Redemption and exchange

8
5,665,650
5,200

1

588,538
6,676,750
1,051,375
817,900
90,450
200
356,000
2,966,550
47,480

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
lYansf ers
Redemption and exchange:
Gold coin
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
. .
M i n o r coin
Total

760
100

. .

.




2,955,650
3,149,300

25,009,730

16,692,624

186,618 . 74,873,443

170
No.

ilEPOtlT ON TfiE
Jf

FiNAN?)ES.

1 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 SUBTREASURY IN SAN FRANCISCO FOR THE FISCAL Y E A R 1904.

Gold c o i n .

Account.

Standard
silver
dollars.

Subsidiary
silver.

United
• States
notes

Treasury
notes.

RECEIPTS.

$32,146

$1,075

14,130
16,416
56,996
1,549,680

945
495
3,037
1,277

2,356,778

120,427

G, 724

3,083,405

2,504,989

1,789,795

13,553

447,269

891
x09,598
765
2,120,662

1,600,000

57
152

46,200

342,340

23
243

141
2,155
185
122,330
20

$9,035,866
, 8,415
2,727,714
1,671, 353
1,959,287
83,265,841
1,812,100
1,966,330
116,630

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

:...

Total

$202,344
5
651
2,961
33,885
72,241

4,645,740

2,771,326 -

107,208,273

3

$8,377'
169
3,760
77,618
58,283
4

DISBURSEMENTS.

9,349,030
92,142,670
2,346,820
4,982,313

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 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 c e r t i f i c a t e s . .
S i l v e r certificates
Minor coin

2,736,421
2,356,637
118,249
6,296

3,954,142

•

1,543,510

20,000

15,000

190,293
35,437

Total...

115,617,383

4,592,179

2,402,947

1,862,340

Gold
Silver
NationalMinorcoin.
b a n k n o t e s . certificates. certificates.

Account.

15,000
Total.

RECEIPTS.

$266,430

$182

10,308
9,057
59.792
1,434,444
50,300

13
292
7,040
40,069

$9,614,489
8 420
2,858,785
1,769,514
2,519,670
88,535,850
1,862,400
1,965,330
116,637

1,643,630

190,293

35,436

11,792,583

3,982,710

1,832,263

83,032

121,043,678

160,000

Total...

$78,069

34,980
30,130
121,650
1,995,990

545,655

...

$69,875
35,060
200, 365
118,025

122,330

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
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Issues

1,192,000

10
18,178
12
37,810

9,349,931
95,569,715
2,347,697
12,163,928

14,323

4,645,740
2,771,325
2,356,778
120,427
6,724
122,330
1,543,630
190,293
35,437

70,333

131,223,755

.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
Bedemption and exchange:
Gold c o i n
Standard.silver dollars
Subsidiary silver
United States n o t e s . I . . .
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
Total




:
584,000

450,001
4,242,820
34,752

..;

684,000

^
.

4,402,820

1,676,753

171

TEEAStTEER.
Mo.

1 5 . — T O T A L RECEIPTS AND DISBURSEMENTS OF E A C H K I N D OP MONEY ON A L L
ACCOUNTS AT THE TREASURY OFFICES FOR THE FISCAL Y E A R 1904.

Account.

Gold coin.

Standard
silver
dollars.

$16,304,935
60,875
2,746,158
2,659,054
2,306,339
102,709,767

$2,002,087
6,932
24,567
94,186
215,834
779,539

Subsidiary
silver.

United
States
notes.

Treasury
notes.

RECEIPTS.

Total

$16,117
665
16,061
85,759
129,938
3,629,420
6
13
52
9

$13,207,504
448,033
3,570,742
6,268,196
6,124,154
23C,985,683

$117,879
3,26'"
12,118
15,195
)48 460
5,331,096

i , 766,894
6,432,617
741,580

849,916
6,644
7,724

46,098,314

46,375,137
. 126

122,948,471
•
2,678
122,680,000

4,476,768

177,130,633

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 b a r s
S t a n d a r d silver dollars
S u b s i d i a r y silver
M i n o r coin
Gold certificates
Redemption and exchange
S p e c i a l c u s t o m s depo.sit.
Issues

49,221,012

50,251,303

622,176,352

10.868,066

15,421,110
103,954,059
4,268,210
9,547,064

495
551,077
317
45,318,831

34,880
641,636
11,590
25,958,030

13,580,463
56,896,734
6.293,657
201; 097,960

4,662,475

190,735
19,015
1,773
4,166,407
16,784
27,001
10,278
408
2,685,484
1,493,651 . 12,559,665
4,031,808
800,449
675
153

688,359
632,090
13,788,088
82,686,087
661,445
17,219,007
2,012,936
1,344,614
1,677,410
263,270
122,680,000

6 266 000

47,080,670

520,320,110

10,927,475

1,818,100
2,017,135
136,640
12,260,000
34.013,630
208,000

566
63

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 and exchange:
Gold coin
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
S i l v e r certificates
Minor coin
Clearing-house balances
Redemption a n d destruction
Total

61,900
2,744,821
2,772,997
3,530,927
7,696
70
37,036,143
677,532
48,037
20,800,000
200,860,566

Account.

448
876

61,440,696

NationalGold
b a n k n o t e s . certificates.

Silver
certificates. M i n o r coin.

Total.

RECEIPTS.

Customs Internal revenue
Miscellaneous
Disbursingofficers
Post-Office D e p a r t m e n t
Transfers
Gold b a r s
.
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
Total

$221,036,670
492,230
15,394,170
63,695,500
26,211,226
777,010,661
75,246,394
12,413,270
9,727,210
1,324,350

$7,159,814
85,960
3,529,438
5,926,060
5,988,724
428,305,347

167,813,830
375,661,610
216,100,000

367,727,742
1,492
312,576,000

5,587,482
27

304,647,631 1,961,017,120 1,157,902,347

6,370,339

4,239,584,803

86,012.060
791,011,927
21,757,223
354,499,555

7,629,367
37,952,208
3,545,592
402,783,863

4,262
118,310
1,008
1,976,053

122,846,257
991,447,251
35,891,267
1,087,296,808

45,181,265
3,604,540
8,052,575
7,550,140
466,280
3, 350,850
109, 638,350
162,524,170
1,074,845
251,084,000
129,589,300

120,778
38,977,971
21,599,339
23,766,466
3,403,647
100,146,768
2,776,738
207,721,629
2,861,699
17
306,806,000

56,546
3,304
12
942,429
7,192
462,271
2,074,017
491,193
814
13

46,290,030
45,982,617
46,214,784
122,657,240
4 ^'83 639
123,864,848
167,813,400
367,591 295
6,563,480
272,147,463
696,277,271
228,691,892

302,803,460 1. 905,397,070 1,160,091,962

6,136,423

4,265,068,432

$191,905
322,928
5,075,654
7,259,229
67,558,706
178,700
4,128,148
472,500
219,469,861

$1,034
470
4,921
1,260
33,902
741,239
4

24, 305,108
1,845,083
461,579

$269,845,040
1,279,337
25,620,103
82,620,864
47 317 805
1,626,051,357
75,246,o404
41,332,001
24,157,289
3,134,436
12,260,000
1,014,500,236
375,863,933
650,356,000

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
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
Clearing-house balances
Redemption a n d destruction
Five per cent fund
Total




163,660
1,322,300
13,670
41,452,977

222,000

30,936,971
228,691,892

172

REPORT OK THE FINANCES.

N€>. 16.—7\sSEfs Am) LIABILITIES OP THE TREASURY OFFICES, J U N E 80, 1904.

Washington.

Baltimore.

New York.

Philadelphia.

Boston.

ASSETS.

Gold coin
$8,200,458.16
162,801,253.00
S t a n d a r d silver d o l l a r s
971,274.41
Subsidiary silver
7,312,905.00
United States notes
T r e a s u r y n o t e s of 1890
14,735, 342.88
National-bank notes
1/579,060.00
Gold c e r t i f i c a t e s . .
1,906.391.00
S i l v e r certificates
43.284.21
Minor coin
Fractional currency
Bonds a n d interest p a i d . . .

$7,592,311.43 $171,190,490.00
2,604,932.00
68,810,928.00
684,391.85
2,984,066.80
179,293.00
725,684.00
24,484.00
526.00
38,863.00
24,206.00
11,852, 540.00
335,650.00
897.784.00
138,668.00
136.517.01
• 20,360.39
90.00
48,568. 30
244.60

$7,698,770.00 $19,888,352.06
6,778,976.00
1,942,708.00
1,561,141.93
359,927.55
139,960.00
734,830.00
148.00
5,483.00
24,730.00
33,886.00
1, 584,180.00
2,710,340.00
412,399.00
690,678.00
87,890.80
79,925.92
65.78
962.70
1,966.85

T o t a l c a s h a s s e t s . . - . . 187,549,958.66
72,272,667.82
Transfer account

11,580,583.27

256,710,015.11

18,289,224.21

26,448,097.38

259,822,626.48

11,580,583.27

256,710,015.11

18,289,224.21

26,448,097.38

Aggregate
LIABILITIES.

Outstanding warrants and
checks
D i s b u r s i n g officers' b a l ances
Post-Office D e p a r t m e n t account
•
Bank-note 5 p e r cent redemption fund
Other deposit a n d redemption a c c o u n t s

24,625.31

106,162.98

1,094, 111. 27

121,798.84

1,914,938.51

3,712,001.93

403,878.71

16,922,992.42

1,424,500.12

1,553,974.29

448,997.77

247,302.42

2,055,-470.60

936,326.12

816,561.13

16, 556,027.67
2,197,945.52

40,647.66

3,203,947.55

306,724.18

445,961. 56

T o t a l a g e n c y a c c o u n t 22,939,498.20
B a l a n c e t o c r e d i t of m i n t s
a n d assay offices
B a l a n c e of trausf er a c c o un t
B a l a n c e g e n e r a l a c c o u n t . . 236,883,128.28

796,991.77

22,276,521.84

2,788,349.26

4,731,425.49

2,201,352.35
8,582,239.15

3,145,676.94
54,347,531.10
176,940,285.23

216,163.85
2,855,811.87
12,428,899.23

3,252,026.81
18,464,645.08

259,822,626.418

11,580,583.27

256,710,015.11

18,289,224.21

26,448 097 38

NewOrleans.

San
Francisco.

Aggregate

Cincinnati.

Chicago.

St. Louis.

ASSETS.

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
N actional-bank n o t e s
Gold certificates
Silver certificates
Mi n o r c o i n
Fractional currency
Bonds and interest paid

$5,069,454.83 $38,160,455.76
962,4.06.00
3,472,550.00
444,695.00
1,005; 245.00
108,000.00
747,203.00
6,580.00
60,000.00
60,176.00
329,000.00
2,671,770.00
206,651.00
355,177.00
10,924.93
69,839.05

$8,578,437. 94 $7,388,884.20 $20,651,634 84
9.241,540.00 20,769,135.00 30,934,849.00
528,900.00 1,219,243.84
502 649 40
893,300.00
430,823. 00
10,249.00
32,300.00
527.00
2 395 00
100,000.00
4,700.00
14,210.00
2,380,000.00 2,711,970.00
18,180.00
1,248,368.00
386,792.00
223 447 00
30,187. 34
15,461.04
24,048.38
30.00
14 88
451.95
(}9.80
173.30

3,075.75

2,639.45

T o t a l cash assets
Unavailable

7,200,200.51

46,551,634.26

23,033,515.23 32,927,605.88
701,851.34

52,881,850.80

Asrerreerate

7,200,206.51

46,551,634.26

23,033,515.23 33,629,457.22

52,381,850.80

LIABILITIES.

Outstanding warrants and
• checks
Disbur.sing officers' b a l ances
Post-Ofiice D e p a r t m e n t account
Other deposit a n d redemptioi^jpaccounts
Total agency account.
B a l a n c e t o c r e d i t of m i n t s
a n d assay offices
B a l a n c e of t r a n s f e r a c c o u n t .
Balance general account...
Aggregate




63,896.65

684,959.66

360,517.43

292,628.85

268,950.87

451,072.47

3.508.391.44

1,294,565.46

699,J44.99

3,904,840.39

669,622. 57

1.865.757.45

532,678.33

.348,266.26

392,660.66

44,793.18

140,482.66

706,133.28

26,422.24

5,804.81

1,229,384.87

6,199,591.20

2,893,794.50

1,367,062.34

4,672,156.73

1,271,953.02
4,698,868.62

584,601.77
840,870.26
38,926,571.03

7,644.44
167,745.66
3,924,458.31 1,638,812.68
16,207,717.98 30,505,836.54

3,975,033.68
1,989,861.42
41,844,808.97

7,200,206.51

46,551,634.26

23,033,515.23 33,629,457.22

52,381,850.80

173

TREASUEER.

I ¥ o . 17.—ASSETS OF THE TREASURY IN THE CUSTODY OF MINTS AND ASSAY OFFICES
JUNE 30, 1904.
Boise City.

Carson City.

Charlotte.

Dahlonega.

Deadwood.

BULLION FUND.

Gold coin
Gold bullion
Standard silver dollars .
Subsidiary silver
Si Iver bullion
United States notes
Gold certificates
Minorcoin
Balance in subtreasuries
and national banks

$39,331.73
8.63*
2,990.00

$26,064.72
9, 623.60
1,054.00
935.14
1.266.36

$21,740.60

...

141,109.63

45,566.11

$11,221 77

Total available
Unavailable

183,439.99

83,509. 93
75,549.75

11, 221.77
32,000.00

$27,950.03

Aerfirreg'ate

183,439.99

159, 059. 68

43, 221.77

27,950.03

Denver.

Helena.

New York.

114,164.58

Seattle.

135,905.18
136,905.18
San
Francisco.

BULLION FUND.

Gold coin
Gold bullion
Standard silver dollars
Subsidiary silver
Silver bullion
United States notes
Gold certificates
Minorcoin
Balance in subtreasuries
and national banks

$67,621.35

$1,500.00
$169,084,800.00
12.248,182.18 $2,078,237.69
16,219,744.82
3,300.00
61,453,062.00
684.80
293,358.49
432,285.71
2,776,731.20
78.89

$827,495.01

228,572.1.2

1,733,345.73

1,275,925.73

4,166,656.60

Total available
Unavailable
Loss on recoinage

827,495.01

296,193. 47

14,419,377.31

3,354,163.42

253,994,353.01
438,657.96
1,825.10

Aggregate

827,496.01

296,193.47

14,419,377. 31

?{ S.^4.1fiS.42

254,434,736.07

Philadelphia.

St. Louis. •

New Orleans.

Total.

9

BULLION FUND.

Gold coin
Gold bullion
Standard silver dollars
Su bsidiary silver
Silver bullion
United States notes
Gold certificates
Minor coin
Balance in subtreasuries and
tional b a n k s .
.

$175,387,674.60
10,845,346.75
107,115,954.00
.'
60,932.50
3,879,408.96

$7,892.06
3.20

216,240.00
.17
na-

$344,426.21 $344,843,465.43
1,038,386.17
42,676,106.95
29,588,725.00
198,162,095.00
916,214.01
1,272,133.57
387,328.85
7,477,024.28
76,562.00
79,652.00
216,240.00
79 06

Aggregate bullion fun d

44,446.21

7,544.44

167,745.66

8,763,793,49

297,550,003.09
13,643.82
30,438.54

Total available .
Unavailable
Loss on recoinage

15,439.70

32,519,387.90
23,818:00
6,465.52

603,390,489.78
611,419.56
: 38,729.16

297,593,985.45

16,439.70

32,649,671.42

604,040,638.50

MINOR COIN A N D M E T A L F U N D .

Gold certificates
Minor coin
Aggregate assets

48,520. 00
231,272.13
,




- 297,873,777.58

48,520.00
231,272.13
15,439.70

32,649,671.42

604,320,430.63

174

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

]Vo. 1 8 . — G E N E R A L DISTRIBUTION OF THE ASSETS AND LIABILITIES OF THE TREASURY,
J U N E 30, 1904.
Treasury
offices.

Mints a n d
assay offices.

National-bank
and other
depositories.

I n transit.

Total.

ASSETS.

Gold coin
Gold bullion
S t a n d a r d silver dollars
Subsidiary silver
Silver bullion
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
S i l v e r certificates
Minor coin
Fractional currency
Deposits i n n a t i o n a l b a n k s
Bonds a n d interest paid

$294,419,249.22 $344,843,465.43
42,676,106.95
298,319,276.00 198,162,095.00
1,272,133.57
10,261,535.78
7,477,024.28
11,282,247.00
79,552.00
72,443.00
15,096,112.88
264,760.00
26,172,680.00
6,466,355.00
•23i, 35i. i g
624,439.07
200.66
58, i52.70

$639 262 714 65
42,576,106.95
$382.00 496,481,753.00
8.80 11,533,678.15
7,477,024.28
1,559,792.00 12 921 591 00
3,500.00
75,943.00
1,111,146.00 16,207,258.88
2,538,030.00 28,975,470.00
2,870,947.00
9,337,302.00
.76
755,791.02
200.66
116 872,860.40
$116,872,860.40
58,152. 70

T o t a l a v a i l a b l e a s s e t s . . 662,672,691.31 594,906,488.42 116,872,860.40 8,083,806.56 1,382,535,846.69
701,861.34
1 531,734.46
Unavailable
611,419.56
218,463.55
38,729.16
Unpaid'loss on recoinage
38,729.16
Balance i n subtreasuries a n d
national banks
8,763,793.49
8,763,793.49
72,272,667.82
Transfer account
72,272,667.82
Afiffirreerate

735,647,210.47 604,320,430.63 117,091,323. 95 8,083,806.56 1 465 142,771.61

LIABILITIES.

Outstanding warrants a n d
checks
Disbursingofficers' b a l a n c e s
Post-Office D e p a r t m e n t a c count
Bank-note 5 p e r cent redemption account
Other deposit a n d redemption accounts

4,931,490.37
32,875,962.22
8,312,433.31

6,312,189.76
43,234,221.94

1,380,699. 39
10,358,259.72
7,236.69

8,319,669.00

16,556,027.67

16,656,027. 67

7,118,862.63

858,738.67

7,977,601.30

Total agency account
69,794,776.20
11,746,194.80
858,738.67 82,399,709.67
B a l a n c e t o c r e d i t of m i n t s
a n d a s s a y offices
8,096,766.34
667,027.15
8,763,793.49
72,272,667.82
B a l a n c e of t r a n s f e r a c c o u n t . 72,272,667.82
Balance general account
585,483,000.11 604,320,430.63 104,678,102.00 7,225,067.89 1,301,706,600.63
735,647,210.47 604,320,430.63 117,091,323.95 8,083,806.66 1,465,142,771.61

Aggregate

No.

19.—DISTRIBUTION

Location.

Washington
Baltimore
New York
Philadelphia
Boston
Cincinnati
Chicago
St. Louis
New Orleans
San Francisco
Mints and assay offices
National banks
Treasury of Philippine Islands.
United States depositories
In transit
Total Treasurer's books.
On deposit with States
Total Treasury^balance.




OF THE GENERAL TREASURY BALANCE J U N E 30,

Treasurer's general account.

Receipts not
covered by
warrants.

$236,883,128.28
8,582,239.15
176,940,285.23
12,428,899.23
18,464,645.08
4,698,868.62
38,926,571.03
16,207,717.98
30,605,836.54
808.97
/ 41,844,
604,320,430.63.
102,143,632.27
2,530,767.56
3,702.17
7,225,067.89

$37,824.93
224.73
124,146.45
241,247.03
15,677.52
298.13
107,341.25
148,880.84
10,082.00
28,373.65

1,301,706,600.63

836,226.01

95,753.45
26,375.03

1904.

Balance as
shown by
warrants.
$236,845,303.35
8,582,014.42
176,816,138.78
12,187; 652.20
18,448,967.66
4,698,570.49
38,819,229.78
16,058,837.14
764.64
SO, 495,
41,816,435.32
604,320,430. 63
102,047,878.82
2,604,392.53
3,702.17
7,226,067.89
1,300,870,376.62
28,101,644.91
1,328,972,020.6S

175

TREASURER.

N o . 2 0 . — A V A I L A B L E ASSETS AND N E T LIABILITIES OF THE TREASURY AT THE CLOSE
OF JUNE, 1903 AND 1904.
June SO, 1903.

June 30,1904.

ASSETS.

Gold—Coin
Bullion

$474,780,446.36
156,640,343.07

Silyer—Dollars
Subsidiary coin
Bullion

485,41.5,429.00
9,307,873.18
17,942,559.22

Paper—United States notes
Treasury notes of 1890
National-bank notes. .
Gold certificates
;
Silver certificates

12,432,449.00
166,352.00
13,673,941.23
31,861,310.00
9,972,987.00

Other—Minor coin
894,799. 78
Fractional currency
941.73
Deposits in national banks, etc. 16L965,074.13
Bonds and interest paid
46,119.53
Aggregate

$631,420,789.43

612,665,861.40

$639,262,714.65
42,576,106.95
496,481,763.00
11,633,678.15
7,477,024.28

$681,838,821.60
o

515,492,465.43

12,921,591.00
75, 943.00
16,207,258.88
28,975,470.00
9,337, 302.00
68,107,039.23

152,906,935.17

67,617,564.88

755,791.02
200. 66
116,872.860.40
58,152.70

117,687,004.78
1,382,635,846.69

1,365,100,625.23

LIABILITIES.

Agency account:
Outstandingwarrants and checks.
Disbursing officers' balances
Post-Office Department account..
Bank-note 6 per cent redemption
fund
Other deposit and redemption
accounts
General account:
Gold certificates .:
Silver certificates
Treasury notes of 1890
s^ Reservefund
Balance

3,431,921. 91
49,148,953.68
8,810,511.41

6,312,189.76
43,234,221.94
8,319,669.00
16,556,027. 67

14,880,938.11
7,073,316.89
409,119,869.00
464,706,000.00
19,243,000.00
150,000,000.00
238,686,114.23

X-

83,345, 642.00

7,977,601..30
494,630,569.00
470,476,000.00
12,978,000.00
150,000,000.00
172,061,568.02

1,365,100,625.23

Aggregate

82,399,709.67

1,300,136,137.02
1,382,536,846.69
o

1,281,754,983.23

Wo. 2 1 . -ASSETS AND LIABILITIES OF THE TREASURY IN EXCESS OF CERTIFICATES
AND TREASURY NOTES AT THE CLOSE OF JUNE, 1903 AND 1904.
June 30, 1903.

June SO, 1904.

ASSETS,

Gold coin and bullion
Silver dollars and bullion
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes
Minor coin
Fractional currency
Deposits in national banks
Bonds and interest paid

•

Total

$264, 162,230.43 $216, 183,722.60
29, 842,079.28
29, 381,975.22
11, 533,678,15
9, 307,873.18
12, 921,691.00
12, 432,449,00
166,352.00
75,943.00
16, 207,258.88
13, 673,94L2S
894,799.78
755,791.02
941.73
200,66
965,074,13 116, 872,860.40
46,119.63
68,162, 70
472,031,766.23

404,451,277.69

83,345,642.00
150,000,000.00
238,686,114.23

82,399,709,67
150,000,000.00
172,051,668,02

472,031,756.23

404,451,277.69

LIABILITIES,

Agency account
Reserve fund
Available cash balance
Total




11Q
I^o.

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

FUNDS OF THE GENERAL TREASURY
DEPARTMENT JUNE 30, 1904.

AND POST-OFFICE

GENERAL TREASURY.

On deposit Avith the lollowing States under the act of June 23, 1836:
Maine
$955,838.25
New Hampshire
669,086.79
Vermont
:
669,086.79
Massachusetts
'.
r
1,338,173.68
Connecticut
764,670,60
Rhode Island
382,335, S
O
New York
: . . . 4,014,520,71
Peftnsylvania
2,867,514,78
New Jersey
764,670,60
Ohio
2,007,260,34
Indiana
860, 264,44
Illinois
477,919,14
Michigan
286,751,49
Delaware
.°....
286,761,49
Maryland
955,838,25
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. SO
Tennessee
1,433,767.39
Kentucky
1,433,767.39
Missouri
382,335.30
Arkansas
286,751.49
Total on deposit with the States

$28,101,644.91

Deficits and defalcations:
Subtreasuries:
Defalcation, subtreasury United States, New Orleans, 1867,
May and Whitaker
.^
$675,325.22
Defalcation, subtreasury United States, New Orleans, 1867,
May property
6,566.31
Deficit, subtreasury United States, New Orleans, 1885
20,959.81
'•—
Mints and assay offices:
Deficits and defalcations, mint United States, San Francisco, 1857 to 1869
438,567.96
Defalcation, mint United States, Dahlonega, 1861
27,950.03
Defalcation, mint United States,' Charlotte, 1861
32,000.00
Deficit, mint United States, New Orleans, 1895
23,818.00
Deficit, mint United States, Carson City..'
76,549.75
Deficit, mint United States, Philadelphia
13,543.82
^
National-bank depositories:
Failure, Venango National Bank of Franklin, Pa
181,377.51
Failure, First National Bank of Selma, Ala
33,383.87
^
Depositories United States:
Defalcation, depository United States, Galveston, 1861
778.66
Defalcation, depository United States, Baltimore, 1866
547.50
Defalcation, depository United States, Pittsburg, 1867.....
2,126.11
Deficit, depository United States, Sante Fe, 1866, short in
remittance
249.90

701,851.34

^
611,419.56

214,761.38

3,702.17

Total deficits and defalcations
Total general Treasury

1,531,734.45
•.

29,633,379.36

POST-OFPICE DEiPARTMENT.

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
29,670,656,42

177

TREASURER.

j ^ o . 2 3 . — G O L D COIN AND BULLION IN THE TREASURY AT THE END OF EACH MONTH
FROM JANUARY, 1895.

Month.
1895—January . . .
February.,
March
April..
May
Julie
July
Augu.st . . . .
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,
December .
1900—January . . .
February..
March
April
May
June
,
July
August
September.
October . . .
November.
December.

FI 1904- -12




Coin.

Bullion.

Total.

H e l d against
certificates.

$51,343,230 $46,010,546 $97,353,776
$52,647,809
4.4,527 722 138 593,280
51,507 769
94 065,558
51, 387 979 139 486,496
48,843 189
88 098,517
50, 044 014 139 998,154
48,751 009
89 954,140
53,425 367 147 690,978
48,539 569
94 265,611
56,746 018 155 893,932
48,381 569
99 147, 914
48,117 579
60,651 509 155 354,066
94 702,557
60,208 542 149 410,926
49,081 089
89 202, 384
57, 340 757 143 557,513
50,645 539
86 216,756
54,409 512 143 360,839
50,417 659
88 951,327
45,590 866 1.29 567,945
50,233 979
83 977,079
29,820 315 113 198,707
49, 936 439
83 378,392
49,847 849
84 225,419 ' 15,467 938
99 693,357
26,821 484 167 695,999
43,733 019
140 874, 516
29,054 663 1 1 885,710
43,239 249
142 831,047
7
32,851 621 . 168446,459
43,052 559
135 594,838
32,662 860 1 1 307,143
42,961 909
118 64.4,283
5
32,217 024 144 020,364
42,320 759
111 803,340
30, 640 941 150 012,225
39,293 479
119 371,284
33,264 086 139 825,200 . 38,867 639
106 561,114
40,998 574 162 771,311
38,736 639
121 772.737
47,617 328 155 323,833
38,197 309
107 706,505
51,969 827 169 527,102
38,016 749
117 557,275
54,565 385 175 203,983
37,887 439
120 638,598
52,286 759 182 387,122
37,586 629
130 100,363
46,849 625 186 206,028
37,544 819
139 366,403
37,254 294 189 242,803
37,456 339
151 988,609
976,832
32,786 057 190 762,889
37,421 990
157
26,539 659 1 1 707, 391
37,387 829
155 167,732
8
629,575
25,547 082 178 076,657
37,285 919
152
28,929 752 178 044,578
37,226 879
149 114,826
37,017 789
31,230 355 181 234,165
150 003,810
30,223 294 184 561,664
36,898 559
154 338,370
417,732 • 36,969525 190 387,257
36,814 109
153
42,123 368 194 089,260
36,725 409
151 965,892
. 45,559 060 197 469,236
36,557 689
151 910,176
49,465 077 200 731,552
36,494 759
151 266,475
52,454 816 204 063, 971
36,440 789
151 609,155
63,647 2.58
147 256,076
210 903,334 . 36,319 199
83,671 535- 217 190,136
35,951 999
133 518,601
96,998 864 207 701,264
35,883 209
110 702,400
98,049 765 202 825,049
35,820 639
104 775,284
99,294 921 225 138,393
35,693 679
125 843,472
105,175 997 253 377,494
35,473 009
148 201,497
116,299 578 278 691,452
35,393 909
162 391,874
133,423 574 275 224,072
35,338 909
141 800,498
138,602 646 276 944,092
35,280 649
138 441, 547
142,074 889 281 729,434
35,200 259
139 654,545
134,186 534 261 692,280
33,039 939
127 505,746
32,966 839
136 706,410 127,385 067 264 091,477
32,892 649
121,560 849 278 306,355
156 745,506
32,845 029
120,829 945 278 985,264
158 155,309
121,742 353 261 201,428
32,786 189
139 459,075
32,656 269
119,870 884 273 393,480
153 522,696
32,593 789
125,658 786 277 848,323
152 189,537
127,460 201 317 446,961
68, 688 989
189 986,760
98,673 559
221 271,988 131,730 392 353 002.380
139,017 060 379 817,315
127,593 519
240 800,256
141,809 806 390 653,107
150,908 202
248 843,301
161,122 797
253 555,094 144,476 933 398 032,027
184,882 889
141,246 7 1
262 249,724
8
403 496,506
131,632 010 413 491,673
181,266 337
2 1 859,663
8
127,627 317 422 000,915
173,642 851
294 373,598
124,919 092 426 989,371
197,527 409
302 070,279
204,049 299
116,965 713 422 906,844
305 941,131
200,555 469
112,378 183 421 112,654
308 734,471
207,603 409
123,743 385 431 170,785
307 427,400
210,388 369
116,421 005 428 652,338
312 231,333
124,773 695 439 241,511
209,110 349
314 467,816
215,595 969
142,485 812 468 266,143
315 780,331
231,246 349
149,581 275 474 482,084
324 900,809
232,787 929
151,121 714 479 349,261
328 227,637

Net,
$44,705,967
87 085,511
90 643, 307
91 247,145
99 151,409
107 512,363
107 236,487
100 329,837
92 911,974
92 943,180
79 333,966
63 262,268
49 845,508
123 962,980
128 646,461
125 393,900
108 345,234
101 699,605
110 718,746
100 957,561
124 034,672
117 126,524
131 510, 353
137 316,544
144 800,493
148 661,209
151 786,464
153 340,890
144 319,562
1 . 790,738
40
140 817,699
144 216, 376
147 663,105
153 573,148
157 363,851
160 911,547
164 236,793
167 623,182
174 684,135
181 238,137
171 818,055
167 004,410
189 444,714
217 904,486
243 297, 543
239 885,163
241 663,443
246 529,175
228 652,341
231 124,638
245 413,706
246 140,225
228 415,239
240 737,211
245 254,534
248 757,972
254 328,821
252 223,796
239 744,905
236 909,230
218 613,616
232 225,336
. 248
358,064
229 461,962
218 857,545
220 657,185
223 667,376
218 263,969
230 131,162
242 670,174
243 235,735
246 661,322

178

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

W o . 2 3 . — G O L D COIN AND BULLION IN THE TREASURY AT THE END OP EACH MONTH

FROM JANUARY, 1895—Continued.
Month.
1901—January..
February.
March
April
May
June
July
August
September
October . .
November
December
1902-January..
February.,
March
April . . . . . .
May
June
July
August —
September
' October ...
November.
December ,
1903—January ..
February..
March
April
,
May
June
July
August
September
October ...
November,
December .
1904—January ..
February.,
March
April
May
June
,
July
August
September,
October . .




Coin,

Bullion.

Total.

Held against
certificates.

$336,445,327 $142,656,026 $479,100,353 $267,916,709
267,548,739
138,185,647 488,698,803
350,513,156
139,261,556
497,332,743 248,286,099
358,071,187
600,026,852 253,259,799
374,203,162 125,823,690
384,465,094 111,252,480 495,717,574 251,285,329
245,715,739
494,321,633
385,309,502 109,012,031
116,229,165
605,423,230 255,467,399
389,194,065
259,342,649
617,798,435
394,685,284 123,113,151
277,517,169
131,127,604 529,162,523
398,024,919
139,919,488 641,025,153 281,678,659
401,105,665
282,298,349
539,838,236
407,963,599
131.874.637
415,114,167 125,683,446 540,797,603 277,997,069
546,645,240 307,604,839
422,411,341
124,133,899
430.189.266
114,387,642 544,576,908 305,765,699
298,487,979
643,346,029
428,163,942 115,182,087
303,274,489
429,633,237
116.586.638 646,219,776
552,697,262 306,142,869
435,110,582 117,686,680
435,917,495 124,282,805 560,200,300 306,399,009
435,878,352 126,890,672 562,769,024 314,764,019
442,629,550 128,673,083 571,302,633 306,644,939
304,382,054
590,506,825
455,382,287 135.124.538
342,756,194
606,299,127
457,783,106
148,516,021
345,952,024
452,263,926
158,655,872 610,919,798
458,126, 790 169,069,293 617,196,083 346,418,819
376,034,814
466,077,708
157,740,852 623,818,560
373,132,044
632,783,826
476,766, 287 156.017.539
485,343,887
154,396, 915 639,740,802 362,924,999
381,631,459
483,988,254 160,182,865 644,171,119
637,463,115 381,254,489
477,784,977
159,678,138
377,258,559
474,780,446 • 156,640,343 631.420.789
386,369,399
474,420,677
634,869,278
160,448,601
473,969,550 173,388,240 647.357.790 394,155,919
394,097,659
471,966,036
654,811,716
182,845,680
401,646,299
468,467,003
660,538,606
192,071,603
404,070,929
472,411,968
671,082,644
198,670,676
421,080,019
481,234,233 205,417,758 686,651,991
483,691,027 215,344,672
698,935,699 , 469,573,609
508,004,690 190,443,317 698,448,007 462,206,979
557,001,639
697,879,260
140,877,621
449,349,569
583,500,838 112,324,321 695,825,159 463,948,069
625,271,433
668,226, 320 450,633,929
42,954,887
639,262,715
42,576,107 681,838,822 465,655,099
698,309,760 500,864,129
57,674,493
640.635.267
68,684,540 703,231,753
634,547,213
503,719,459
709,.611,105 486,512,139
66,901,843
642,709,262
721,253,988 490,193,759
48,463,175
672,790,813

Net.
$221,183,644
231,150,064
249,046,644
246,767,053
244,432,246
248,605,794
249,955,831
268,455,786
251,635,354
259,346,494
257,639,887
262,800,534
239,040,401
238,821,209
244,858,050
242,946,286
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
264,162,230
248,499,879
263,201,871
260,714,067
268,892,307
267,011,716
265,671,972
229,362,090
236,241,028
248,529, 691
231,877,090
217,592,391
216,183,723
197,446,631
199,612,294
223,098,966
231,060,229

179

TREASURER.
No. 24.- -SiLVER

Month.

1895—January . .
February .
March
April
May
June
July
August
September
October...
November
December.
1896—January...
February .
March
April
May..'.....
June
Jnly
August
September
October...
November
December.
1897—January...
February .
March
April
May
June . .
July
August
September
October...
November
December.
1.898—January...
February .
March
April
May
June
July
August
September
,
October . . .
November
December.
1899—January...
February .
March
April
May
.lune
July
August
September
October...
November
December.
1900—January . .
February .
March
April
May
June
July
August
September
October...
November
December.

COIN AND BULLION I N T H E TREASURY AT T H E END O F EACH M O N T H ,
FROM J A N U A R Y , 1895.

Standard
dollars.

753,119
177,389
009,182
369, 713,330
370, 464,549
371 306,057
371 542,513
370, 704,376
368: 142,782
364! 935,217
364, 528,596
364, 083, 702
366 659,953
369: 273,688
371 497,164
374: 187,564
376, 572,499
378, 614,043
379 852,244
381 056,160
380: 688,963
38i: 361,339
382: 972, 296
384: 584,572
388: 617,255
39o: 939,629
393: 211,322
395: 342,193
397: 511,546
399: 992,540
400, 338,020
398, 908,078
394: 948,022
392: 517, 014
392: 933,031
394: 327.049
397, 589,829
399: 079,443
400, 637, 825
401 323,414
403 583,999
404: 736,731
405: 013,186
406: 266,209
404: 045,769
403: 399, 342
404: 258,264
405: 061,304
408: 351,769
410: 157,482
410: 656,670
412: 803,833
415, 606,941
416, 869,480
417: 263,958
416: 364,995
413; 367,133
411 760,636
411 792,153
413: 322,656
417: 404,684
41.8, 092,709
422: 234,131
425, 921,246
428, 165,552
430. 341,739
431; 641,874
430, 975,719
430, 125.050
430, 309,821
432, 439,956
432, 967,264




Bullion.

$124 852,
124 551
124 673
124 683,
124 528
124 479
124 670
124 687
124 652,
124 721
124 603,
124 612
124 575
123 171.
122 187,
120 939,
119 989,
119 053
118 753
116 6 1
8
114 829.
113 064,
112 137,
110 815.
109 704
108 914
107 862,
106 990,
106 042,
104 591,
105 109,
105 125,
105 078
104 853
103 531
102 284
101 379,
100 819
99 829
99 551
98 443,
98 195
• 97
871,
96 141,
96 066,
94 675.
93 359
92 192
91 228,
90 189
88 825,
87 916.
85 909,
85 288,
84 933,
84 564,
83 783,
82 359,
81 749,
80 885,
79 721,
78 370,
74 974,
72 838,
7 253,
1
70 015,
69 425,
68 076,
65 054.
63 471,
61 314,
60 799,

Subsidiary
silver.

$15 481,
16 131,
16 677,
16 516,
16 589.
16 552,
16 532,
16 055,
14 882,
13 426,
13 032,
12 764,
14 186,
14 820,
15 246,
15 459,
16 637,
15 730,
16 004,
15 909,
15 126,
14 632,
14 670.
14 215,
15 414,
15 805,
15 974,
16 163,
16 210,
16 210,
16 286.
16 335,
13 465,
11 981,
11 191,
10 679,
11 707,
11 960,
1 965,
1
12 018,
12 044,
12 097,
11 995,
10 993,
9 196,
7 854,
6 673,
5 959,
6 931,
7 185.
6 894,
6 926,
6 593,
6 070,
5 381,
4 130,
2 477.
2 379.
3 187,
2 992.
4 917,
5 308,
5 373,
5 512,
6 013,
6 606,
7 235,
7 705.
6 568,
6 641.
5 482,
4 446,

Total,

$507,087,384
508,859,
510,259,
510,813,
511,582;
512,338,
612,746:
•511,447;
607,677,
603.083:
502,164,
501,460:
505,421;
507,265,
508,930:
510,586;
512.199,
613,398,
514,6IO:
513, 64.7:
510,644;
509,058,
509,68O;
509,615,
513,736,
515,659,
617,048:
518,496:
519,764;
520,793,
621,734
619,368:
513,481'
609,351:
507,656:
507,291,
610,676:
511,858:
512,432:
512,894:
514.072;
515,029,
514,)
513,400:
509,308;
505,929,
504,290:
603,212;
606,512,
607,531
506,376;
507, 646,
508,110;
508,228,
507, 579,
505,069,
499,628,
496,499,
496,728,
497.200,
502,043,
501,772,
502,582;
504, 271
605,432:
606,964:
508, SOS:
506, 756:
501,747;
499,422,
499,237,
498,212,

Dollars and
bullion held
against
certificates
a n d notes.

Net.

1,571
M77,218,813 $29 868.
476,521,572 32 338,
i,336
,035
474,076,845 36 183,
472, 799,742 38 013.
1,832
1,200
469,597,451 41 985,
465,820,152 46 518,
i,599
1,762
465,846,398 46 900.
468,267,541 43 179.
474,101,117 33 576.
474,548,516 28 534.
.,623
475,439,173 26 725.
s569
:,627
473,847,928 27 612,
!,200
468,938,619 36 483,
1,237
469,265,223 38 000,
',038
473,113,706 35 817,
!,424
471,903,693 38 682,
,477
4.67, 698,360 44 501,
.,926
460,942,789 52 455,
,196
459,999,951 54 610,
,527
472,481,174 4 166,
1
1,091
479,435, 754 31 209,
,340
481,006,402 28 052,
,049
477,989,401 31 691,
,605
476,472,080 33 143,
,636
479,734,813 34 001,
',485
481,259, 781 34 399,
1,779
481,157,433 35 890,
>,891
480,450,219 38 045,
;,870
478,-551,088 41 213,
(,275
473,203,648 47 590,
,210
471,852,930 49 881,
i,869
480,535,617 38 832,
,168
485,954,579 27 527,
1,746
482,152,199 27 199,
,136
4:81,092,247 26 664,
,812
483,043,872 24 247,
,940
479,047,220 31 628,
:,128
484,956,707 26 902,
1,357
491,386,178 2 046,
1
,429
495, 377,854 17 516.
i,495
493,206.545 20 865,
,
491,866, 360 23 163, 647
',260
489,332,716 25 547,
1,242
492,250,653 2 150,
1
;,559
491,975,016 17 333,
1,920
489,010,855 16 918,
490, Oil,426 14 279,
57,579
488,856,275 14 357,
488,319,964 18 192,
',902
491,911,985 16 619,
1,696
493,828,286 12 548,
»,26S
494,897,529 12 749,
;,250
496,323,922 12 786,
,603
496,387,623 12 84.0,
1,998
496,168,675 11 410,
,189
496,148,626
8 911,
,288
491,321,161
8 307,
,760
484,804,519 11 694,
1,792
483,319,080 13 409,
,643
483,361,096 13 839,
;,992
484,390,326 17 652,
1,680
487,301,487 14 470,
;,965
488,418,359 14 163,
;,943
489,822,810 14 448,
1,012
487,917,649 17 616,
.,099
484,526,347 22 438,
1,432
484,095,294 24 208,
,182
486,263,727 20 498,
,
487,979,735 13 767, 922
.,293
486,943,746 12 478,
1,266
485,061,407 14 176,
,658
483,796,403 14 416,

180
No,

REPORT ON T H E F I N A N C E S .
2 4 . — S I L V E R COIN AND BULLION IN THE TREASURY AT THE END OF EACH MONTH,

FROM JANUARY, 1895—Contmued.

Month.

1901—January . .
February .
March
April
May....'...
June
July
August
September
October...
November
December.
1902—January . .
February .
March
April
May
June
July
August
September
October...
November
December.
1903—January . .
February .
March ."...
April...;..
May
J une
July
August
September
October...
November
December.
1904—January . .
February .
Marcli
A pril
-May
June
July
August
September
October...




Standard
dollars.

$438,532,100
441,391,223
444,113,015
4^17,113,395
450,369,592
454,468,147
455,667,412
456,167,001
456,125,010
455,236,819
456,039,602
457,564,631
461,788,744
465,242,095
466,941,477
468,21.7,664
470,245,230
471,427,812
472,170,589
471,870,379
470,713,502
469,250,063
469,812,309
470,783,167
474,755,053
476,792, 247
478,492,986
479,911,348
481,008,617
485,415,429
485,579, 592
485,262,934
482,442,638
479, i76,005
477,655,784
477,594,756
485,656,379
488,501,788
491,393,073
493,555,265
494,852,627
496,481,753
497,398,758
496, 304,090
491,795,339
488,352,466

Bullion.

$58,463,601
67,179,892
54,638,865
52,827,901
50,456,037
48,378,772
47,653,124
45,386,477
43,263:
,268
41,82S 916
40,512: 111
39,174: 183
37,994;259
35,686,267
34,302 486
32,932 101
31,452 000
33,092; 635
31,048,123
30,570 674
27,749 838
27,171 804
25,593,509
23,937,164
23,063 640
21,900: 621
21,287 569
21,659 165
20,151 292
17,942 559
17,784 091
17,159 768
16,629 090
15,078 167
13,870 464
12,401
8,724 512
8,765,553
,634
7,544,
7,289 141
7,271 904
7,477 024
7,140 124
6,013:485
5,205 018
5,045 596

Subsidiary
silver.

505,826
230,550
016,799
829,207
553,103
790,201
314,823
620,157
075,394
464,829
652,642
914,287
364,087
418,003
725,609
444,591
793,627
462,534
002,930
351,174
082,371
909,608
428,213
419,206
020,705
624,739
500,673
831,987
636,251
307,873
432,720
996,276
958,266
851,870
106,008
306,926
433,124
417,518
545,932
852,585
035,831
533,678
926,290
464,060
460,297
585,044

Total.

Dollars and
bullion held
against certificates and
notes.

Net.

501,527 $478,017,322 $25,484,205
505,801,665 478,297,690 27,503,975
481,087,320 26,681,359
607 768,679
482,453,522 27,316,981
609,770,503
611 378,732 479,404,818 31,973,914
477,423,738 36,213,382
513,637,120
477,079,769 36,455,590
513,535,359
477,983,842 34,089,793
512,073,635
478,463,962 29,999,710
508,463,673
505,625, 564 483,244,337 22,281,227
487,962,192 16,242,063
504,204.255
503,653,101 488,088,892 15,564,209
480,544,480 27,602,610
608,147,090
510,345,365 479,143,296 31,202,069
511,969,472 481,545,692 30,423,880
481,761,504 31,832,862
513,594,356
614,490,857 479,256,416 35,234,441
515,982,981 476,567,662 39,425,319
476,208,542 39,013,100 .
515,221,642
512; 792,127 480,058,023 32,734,104
486,407,478 20,138,233
506,545,711
503, 331,475 488, 966,438 14,365,037
501,834,031 488,358,840 13, 475,191
501, 139,637 487,623, 632 13,'515,906
479,809,599 26,029,799
505;839,398
507,317,607 479,386,683 27,931,02'4
508,281,228 483,088, 553 25,192,675
480,038,646 30,363,854
510,402,500
510; 796,160 476,599,731 34,196,429
473,976,013 38,689,848
512, 665,861
512, 796,403 473,449,932 39,346,471
511 418,978 473,898,384 37,520,5^4
506;929,894 476,020,216 30,909,678
502, 306,042 479,237,039 23.069,003
482,929,082 16;703,174
499,632.256
498,303,362 481,742,290 16,561,072
504 814,015 471,257,828 33,556,187
476,947,102 31,737,757
508 684,859
4.80,424,079 30,059,560
510;483,639
512, 696,991 480,066,084 32.630,907
477,629,826 36,530,436
614 160,262
474.116,698 41,375,757
515:492,455
516:465,172 472,174,910 44,290,262
514, 781,635 473,745,160 41,036,475
608, 460,654 480,105,876 28,354,778
484,326,832 19,656,274
503: 983,106

181

TREASURER.
No.

2 5 . — 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, 1895.

Month.

1895—January
February —
March
April
May
June
.fuly
August
September . . .
October
November . . .
December
1896—January
February
March
April
May
J une
July
August
September...
October
November . . .
December
1897—January
February
March
April
May
June
July
August
September...
October
Noveraber . . .
December
189J^January
February —
March
April
May
Jurie
July
August
September...
• October
^
November . . .
December
1895)—January
February
March
April
May
June
July
August
September...
October
November . . .
December....
1900—January
February
March
April
May
June
July
August
September...
October
November . . .
December

United States
notes.

$89 681,
84 692,
89 745,
79 287,
79 742,
8 571.
1
75 331,
99 144.
106 316,
107 694,
111 768.
115 825,
100 936,
106 222,
114 392,
109 331,
121 118,
121 229.
109 270.
114 716,
97,133,
89 730.
71 975,
86 313,
78 194,
85 946,
98 167,
98 942.
97,832.
98,097,
94,291,
92,248,
94,885.
87,684.
84 498,
. 4 200,
8
72 958,
82 516,
79 375.
58 632,
56 478.
60 108,
68 596,
74 285,
55 020,
40 379,
34 944,
34,265,
37 037,
38 375.
36,161,
34 623,
35,586,
36 133,
35 351,
36.550,
31,726,
29 416,
28,869,
28,411,
29,180.
28,339,
23 878,
19 848,
23 928,
30 066,
28 779,
28 724.
22 174,
13 385.
13 Oil,
12 093,




Treasury
notes.

$33,571,316
36,465,457
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
32,148,255
33,304,774
34,465,919
34,394,748
35,478,756
36,040,233
39,269,516
41,529,379
35,645,059
35,664,898
32,003,659
26,8S6,470
24,442, 653
29,140,874
30,962, 083
32,350.393
29,526,968
21,518,217
7,553,325
3,116,882
2,904,344
4,733,614
6,204,860
3, 905,848
3,102,310
1,754,425
2,541,700
4,477,727
4,339,626
1,844,997
1,263,500
1,411,798
1,580,639
<1,988,527
1,306,821
878,579
959,239
923,498
912,488
921,744
866,648
1,210,105
934,386
1,584,600
1,385,929
1,854,540
1,252,773
724, 941
837, 941
803,241
779,603
682,060
497,349
113,812
84,540
86,670
166,841

Nationalbank notes.

6 164
4 449
4 959
4 899
4 643
6 642
7 600
6 018
6 523
6 391
7 063
10 409
8 630
7 110
7 587,
10 002
10 668
1 933,
1
13 815,
12 834,
12 981.
13 063
14 278,
17 328,
15 005,
11 374
8 676.
7 109.
5 030,
6 688,
4 517,
3 814,
4 998,
4 678,
5 186,
6 162.
3 417,
2 739.
2 728,
3 086,
4 770,
4 723,
4 415,
3 689,
4 659,
4 675.
5 480,
5 748,
3 709,
2 873.
3,919,
4.029,
3 518,
3 575.
3 632,
3,640,
3 999,
4 006,
4,275,
6 182,
3,776.
3 876,
5 309.
6 512,
9 478,
8 998,
9 676.
9 079,
6 318.
5 343
7 952,

Total,

United States
notes held
against
certificates.

$129 586
126 302
123 067
111 990
114 731
116 324
112 460
141 803,
148 966,
140 783
142 483,
144 932,
i:^8 447.
145 497,
153 855,
1.49 067,
164 .426.
166 364,
155 598,
164 010.
146 008,
141 982,
126 568,
135 237,
131 188,
132 956,
136 428,
132 061,
134 082,
134 090,
132 330,
126 293,
120 218.
100 235,
92 292,
92 291,
83 855,
92 139,
86 020,
64 463,
61 319,
67 420,
77 797,
83 040,
60 555,
46 302,
41 032,
41 325,
44 774.
43 391,
39 913,
39 502,
40 538,
40 564,
39 847,
41 048.
36 576,
34 350,
34 459,
34 073,
37 218,
33 369,
28 480,
25 995,
31 243,
40 325,
38 469,
38 898,
31 368,
19 788,
18 441,
20 213,

$37,625,000
36,925,000
36,825,000
37,295,000
48,245,000
55,405,000
56,920,000
76,555,000
63,840,000
56,740,000
46,935,000
31,605,000
28.925,000
32,825., 000
34,460,000
32,930,000
33,430,000
31,840,000
41,540,000
38,395,000
34,305,000
32,465,000
38,470,000
50,330,000
65,350,000
76,525, 000
74,460,000
69,905,000
65,785,000
61,130,000
62,335,000
63,275,000
62,825,000
48,285,000
48,640,000
43,315,000
49,075,000
48,430,000
37,900,000
26,915,000
26,540,000
26,045,000
21,975,000
20,280,000
17,635,000
* 20,055,000
20,190,000
20,465,000
22,170,000
23,105,000
22,335,000
21,265,000
21,340,000
20,855,000
19,955,000
19,170,000
15,870,000
13,735,000
13,605,000
11,980,000
14,580,000
15,270,000
14,335,000
7,260, 000
4,786,000
3,705,000
2,680,000
2,560,000
1,820,000
1,780,000
1,690,000
1,530,000

Net.

$91,961, 164
X,
7,508
89,377,
86,242,
2,639
5,
74,695, 707
-6,683
66,486,
9,741
60, 919,
0,076
55,540,
8,472
65,248,
6,229
85,126,
3,949
84,043,
8,223
96,648,
113,327, 791
7,
109,622,
2.921
112,672,
2,711
119,395,
5,846
7,048
116,137,
5,420
130,995,
134,524,
4,197
114,058, 648
8,
125,615,
5,408
111.703,
3,443
109,517,
7,074
88,098,
8,383
84,907,
7,287
8.067
65,838,
56,431,
1,043
8,804
61,968,
6,583
62.156,
7,885
68,297,
0,440
72, 960,
5,248
69,995,
8,517
63,018,
S, 524
67,393,
0,355
51,950,
•2,
43,652, 905
6,319
48,976,
0,143
34,780,
'9,522
43, 709,
0,768
48,120,
8,969
37, 548,
9,188
34,779,
6,861
41,376,
2,979
55,822,
0,785
62,760,
0,113
42,920,
26,247,
7.068
20,842,
2,512
20,860,
0,958
22,604,
4,692
20,286,
6,798
17,578, 940
8,
18,237,
7,351
8,281
19,198,
19,709,
9,432
19,892,
2,859
8,651
21,878,
6,963
20,706,
5,167
20, 615,
20,854,
4.922
22,093, 160
S,
8,226
22,638,
9,070
18,099,
5,027
14,145,
6,635
18,735,
8,497
26,458,
0,297
36,620,
9,851
35,779,
8,195
36,338,
8,312
29,548,
8,885
18,008,
1,467
16,751,
S,
18,683, Oil

182

REPORT ON T H E FINANCES.

N o . 2 5 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES IN

THE TREASURY AT THE END OF EACH MoNT.Ff FROM JANUARY, 1895—Continned.

' Month.

1.901—January
February
March
April
May
June
July
August
September...
October
November . . .
December
1902—January
February —
March
April
May
June
July
August
September . . .
October
November . . .
December—
1903—January
February
March
April
May
June
July..
August
September . . .
October
November ...
December—
1904—January
February
March
April
May
June
July
August
September...
.October




U n i t e d States]
notes.

$13,626,612
11,969,294
9,791,535
9,070,898
12,197,634
14,213,003
13,860,317
12,705,392
661,150
899,988
339,921
514,630
999,371
278,286
987,171
572,902
536,279
389,294
252,347
639,242
750,930
041,934
897.475
910,158
473,603
288,223
406,334
607,767
571,478
432,449
485,451
303,448
302,247
719,673
387,365
408,678
988,196
368.476
273,146
903,945
376,636
921,591
001,782
869,797
756,258
548,696-

Treasury
notes.

$186,169
99, 673
152,768
84,903
106,716
242,755
113,095
132,583
81,219
49,386
97,378
156,263
89,476
177,610
81,881
89,427
164,323
197,224
127,415
78,250
94,210
47,722
131,485
132,574
87,522
106, 901
80,828
124,260
146,258
166,352
88,422
• 119,746
162,792
93,825
46,720
77,147
88,327
65,067
57, 324
133,805
98,576
76,943
102,234
56,813
105,901
61,113

Nationalb a n k notes.

Tot.al.

$13,461,480
10,062,244
8,945,979
7,038,975
8,240,741
8,615,666
9,251,181
9,645,840
9,512,334
8,237,121
8,357,637
10,433,449
13,006,953
10,864,621
9,141,233
8,982,718
9,117,164
11,195,574
12.937,219
14;725,312
14, 610,339
13,468,852
13,302,019
16,251,253
21,569,293
16,011,286
9,733,404
9,845,606
11,352,287
13,673,941
15,948,987
19,203,045
16,520,837
.10,872,165
8,141,361
12,009,829
18,654,036
14,040,247
10,116,696
12,715,566
14,257,681
16,207,259
17,505,015
18,623,087
14,051,921
12,041,082

,274,
1,131,
1,890,
1,194:
', 545,
,071,
1,224,
:, 483,
1,244,
1,186:
., 794:
i, 104:
., 095:
1,320,
', 210,
, 645,
•,81.7:
, 782;
1,316,
', 342,
., 455i
, 558,
, 330,
', 293,
1,130,
', 406,
1,220,
:, 577,
, 070,
,272,
, 522,
', 626,
, 985,
,685,
', 575,
,495,
,730,
,473,
, 4^17,
, 753,
, 732
', 204,
, 609
,549,
, 914,
, 650,

U n i t e d States!
notes held
aga.inst certificates.
$995,000

$26,279,261
22,131,211
18,890,282
16,194,776
20.645.091
23,071,424
23,224,593
22,483,816
18,244,703
16,186,495
15,794,939
16,104,340
24,095,807
22,320,512
19,210,285
17,645,047
17,817,766
23.782.092
22,316,981
20,342,804
18,455,479
16,558,508
16,330,979
19,293,985
28,130,318
20,406,410
12,220, 566
14,577,633
18,070,023
26,272, 742
27,522,860
30,626,239
25,985, 876
16,685,663
10,576,446
15,495,554
27,730,559
23,473,789
15,447,066
19,753,316
23,732,793
29,204,793
32,609,031
32,549,697
23,914,080
16,650,790

183

TREASURER.
Mo.

26.—GOLD
d A T E s IN

CERTIFICATES,
TREASURY

AT

SILVER

END

OF

CERTIFICATES,

EACH

MONTH,

Gold
certificates.
1895—January...
February..
March
April
May
June ... o .
July
August
September
October...
November.
December.
1896—January...
February .
March
April
May
June
July
Augu.st
September
October...
November
December.
1897—January...
February .
March
April.......
May
June
July
August
September
October...
November
December.
1.898—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
c August
September
October...
November.
December.




$337, 060
80, 100
84, 660
63, 640
102, 390
88, 390
219, 330
209, 820
103, 370
168, 230
107, 910
163, 460
131, 140
651, 470
683, 220
764, 910
687, 280
497, 430
1,393, 710
1,618, 560
1,591, 900
1,390, 830
1,416, 390
1,392, 350
1,460, 160
1,501, 970
1,483, 350
1,517, 690
1,465, 340
1,496, 250
1,473, 290
1,509, 380
1,535, 610
1,534, 060
1,648 740
1,570, 460
1,667 390
1,674, 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, 560
1,657, 730
13,629, 430
36,827, 660
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
26,587, 310
30,716, 330
32,892, 710
22,761, 030
30,841, 460

AND

FROM

CURRENCY

JANUARY,

Silver
certificates.
$7,329,232
7,291,089
7,374,748
7,699,233
6,692,333
9,162,752
10,677,386
7,741,243
7,862,667
8,953,268
8,471,611
9,625,856
14,380,165
11,831,561
11,293,078
11,678,091
10,629,424
11,369,995
12,376,833
11,464,610
10,045,030
8,686,382
11,591,383
14,227,704
11,678,971
9,876,003
12,635,351
13,777,565
11,576,696
17,143,136
14,465,864
11,249,167
10,532,205
11,331,585
11,664,637
11,229,9.12
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
6,346,368
7,098,509
7,293,820
6,888,799
3,753,498
3,647,266
3,968,862
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
6,997,361
7,615,653
8,596,706
8,336,273
4,887,265
3,743,255
3,760,593
6,026,697

CERTIFI-

1895.

Currency
certificates.
$3,620,000
430,000
740,000
80,000
190,000
350,000
120,000
530,000
3,675,000
276,000
2,800,000
2,845,000
320,000
245,000
220,000
366,000
240,000
150,000
610,000
830,000
410,000
2,595,000
40,000
500,000
165,000
270,000
610,000
2,035,000
780,000
620,000
1,160,000
375,000
1, .325,000
340,000
250,000
1,240,000
70,000
2,230,000
3,330,000
820,000
60,000
560,000
1,100,000
280,000
820,000
60,000
450,000
220,000
400,000
SO,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*666"

Total,
$11,286,292
7,801,189
8,199,408
7,842,873
6,984,723
9,601,142
10,916,716
8,481,063
11,641,037
9,396,498
11,379, 521
12,634,306
14,831,305
12,728,031
12,096,298
12,708,001
11.556.704
12,007,426
14,379,543
13,913,160
12,046,930
12,672,212
13,047,773
16,120,064
13,304,131
11,647,978
14.628.705
17,330,262
13,812,033
19,269,381
17,099,146
13,133,546
13,392,816
13,205,644
13,463,277
14,040,376
16,696,956
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
8,415,751
8,927,249
9,323,889
7,644,688
5,947,679
5,349,050
6,067,609
6,327,711
5,696,839
17,435,589
42,101,183
30,631,865
30,428,621
30,616,510
32,195,389
36,366,459
44,104,569
33,383,660
32,832,231
34,757,363
29,992,476
33,923,583
35,603,595
36,646,966
26,621,623
36,898,047°

184

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

N o . 2 6 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY. CERTIFICATES IN TREASURY AT END OP E A C H MONTH, FROM JANUARY, 1895—Continued.

Month.
1901—January
February...
March
April
May
June
July
August
September .
October
November .
December..
1902—January
February . .
March
April
May
June
July
August
September .
October
November .
December..
1903—January
February , .
March.......
April
May
June
July
August
September .
October
November .
December..
1904—January . . .
February . .
March
April
May
June
July.
August
September.
October —




Gold
certificates.
.$17,750,670
18,492,260
28,418,890
30,182,190
33,666,460
43,241,950
35,538,290
36,976,040
26,408,920
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
52,745,150
68,929,035
24,322,375
30,406,546
37,145,250
22,586,255
25,930,026
39,083,070
28,626,410
29,945,380
31,861,310
25, 718,470
22,229,950
26,390,210
31,552,570
37,668,940
26,095,850
18,376,260
15,696,890
18,311,300
29,509,800
39,340,940
28,975,470
20,566,840
23,617,510
41,979, 830
41,286,210

Silver
certificates.
$8,857,
5,513,
4,634,
4,947,
6,307,
5,373,
5,906,
5,731,
6,642,
7,837,
6,229,
6,594,
10,077,
6,673,
6,672,
6,820,
7,657,
7,439,
8,771,
6,427,
6,180,
4,271,
4,519,
5,386,
8,440,
6,276,
4,910,
5,129,
5,963,
9,972,
8,720,
6,455,
6,192,
7,407,
6,539,
. 6,410,
8,325,
7,840,
7,032,
6,475,
7,505,
9,337,
10,123,
6,808,
6,182,
5,750,

Currency
certificates.

$710,000

Total,
$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
39,656,548
45,382,128
28,294,770
31.176.094
42,765,518
45,166,096
46,786,804
47,652,418
60,992,528
69,173,126
65,109,557
28,593,937
34,926,707
42,631, 618
31,026,656
32,206,442
43,993,517
33,755,764
36,908,649
41,834.297
34,438,538
28,685,566
32,582,994
38,960, 531
44,208,858
32,506,560
26,701,432
23,537,788
25,344,221
35,985,716
46,846,114
• 38,312,772
30,689,930
30,426,350
48,161,954
47,036,378

185

TREASURER.
No.

2 7 . — A S S E T S OF THE TREASURY OTHER THAN GOLD, SILVER, NOTES, AND CERTIFICATES AT THE END OF EACH MONTH, FROM JANUARY, 1895.
*

Month.

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—.Tanuary...
February .
March
April
May
June
July:
August
September
October . . .
November
December.
1898—.Tanuary...
February..
March
April
May
June
July
August
September
October . . .
November
December.
1899—January...
February..
March
April
May
June
July
August
September
October . . .
November.
December.
L900—January...
February..
March
April
May
June
July
August
September
October...
November
December.

Deposits in Bonds and
Deposits
treasury of
Fractional
Minor coin. currency. in national Philippine interest
paid.
banks.
Islands.
$1,200,
1,245,
1,209,
1,242,
1,124
1,118,
1,181
1,231
1,235:
1,123;
1,029,
1,048,
1,081
1,162;
1,147
1,184
1,181
1,235,
1,159,
1,203,
1,219;
1,214,
1,130,
1,105;
1,187
1,265:
1,226:
1,272,
1,319:
1,339:
1,405:
1,316:
1,228:
1,219:

i,o9o:
1,086,
1,165:
1,255,
1,298,
1,353
1,400;
1,300,
1,303,
1,205,
998;
836:
689;
337
697
'563;
446,
377
314,
244,
237
196;
154,
138;
435,
317:
484;
483,
499:
481
436;
440,
461
498
464;
432,
296,
448,




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
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
57
67
69
68
73
69
776
68
72
74
98
146
96
194
125
60
141
61
62
133

$14, 829,
15,222,
14,991,
15,443,
15,303.
15,768,
14,501,
14,510,
14,773,
14,266,
14.408.
14,271,
14,803.
24 394,
27,010,
26,698.
20,952,
16,857,
15,986.
16.619,
16,583,
16 119,
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,
38 795,
58 266,
66 968,
80 888,
95 014.
94 641,
• 4 860,
9
88 985,
86 144,
88 540,
85 170,
81 760.
79 171.
77 716.
80 951,
83 183,
82 050,
82 209,
87 303,
107 936,
111 793,
110 642,
110 851,
322,
in 879,
101
584,
96
96 064,
96 997,
96 478,
95 429,
96 699,

$126,
65,
23,
109,
54,
14,
237,
74,
36,
132,
86,
32,
273,
66,
40,
107,
143,
21,
115,
168,
368,
304,
173,
20,
175,
146,
40,
111,
66,
197,
132,
138,
45,
109,
72,
29,
• 79,
46,
26;
103;
166,
37,
186,
107,
638,
714,
202:
36,
83,
82:
Si;
132:
75;
31,
86:
240,
593:
1,767:
8,211:
664:
54:
180,
70:
34;
87,
16;
40,
47,
24;
• 37:
43:
449,

Total.

$16,166, 715
16,634: 018
16,224' 165
16,797: 028
16,483: 721
16.903: 120
15,920: 824
15,81.7: 540
16,047: 106
16,513: 186
15,525; 261
15,352: 088
16,159: 325
25,624 630
28,200: 349
27,991: 933
22,277 866
18,114 936
17,263, 185
17,992; 277
18,171, 245
17,639 362
17,137 873
17,286 645
17,938; 24i
17,868, 857
17,891, 239
18,095, 819
18,129: 556
19,168, 953
. 18,753;823
18,115, 652
18,713: 882
18,489; 756
38,907' 251
50,298: 759
41,338; 200
33,084, 003
32,644, 274
30,507: 396
29,8O7: 698
40,133, 818
59,757: 087
67,282: 202
82,626: 725
96,666; 313
95,434, 101
95,235, 856
89,665, 721
85,791 12t
89,017; 132
85,682, 065
82,149, 681
79,447: 28978,040: 118
81,388: 868
83,932: 113
83,967, 222
90,857: 766
88,184: 605
108,475: 123
112,457: 672
111,211 946
111, 367:909
111,846: 693
102,336: 728
97,087: 345
96,6IO; 933
97,486, 621
96,948: 846
95,769 130
97,598: 281

186

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

N o . 2 7 . — A S S E T S OF THE TREASURY OTHER THAN GOLD, SILVER, NOTES, AND CERo
TIFICATES AT T H E END OF EACH MONTH, FROM JANUARY, 1895—Continued.

Fractional
Minor coin. currency.

1901—January...
February..
March
April
May
June
July
August
September
October...
November
December.
1902—January...
February .
March
April
May
June
July
August
September
October . . .
November
December.
1903—January...
February .
March
April
May
June
July.
August
September
October...
November
December.
1904—January . .
February .
March
April
May

Jurie

July
August
September
October...




$600,509
682,966
692,647
602, 391
646,959
514.341
662,884
613,149
502,456
476,770
344,090
382, 691
770,682
769,603
962, 315
871,876
1,086,257
919,404
810,005
1,010,576
701,446
738,378
637,667
686,783
785,660
768,751
960.342
813,250
619,766
894,800
811,582
681,149
406,643
480,614
454,573
450,940
698,843
796,872
918,729
872,480
811,692
765,791
732,250
655,318
596,892
631,236

$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
166
115
61118
156
178
209
204
200
128
195
172
100

Deposits
in national
banks.

Deposits in
treasury of Bonds and
interest
Philippine
paid.
Islands.

$97,359,036
97,827,963
97,649,637
98,322,828
101,760,225
101,416,974
101,961,336
103,035,834
108,514,459
110,840,438
112,896,879
112,653,534
112,578,621
113,433,947
118,041,310
120,396,714
124,882,004
123,983,068
126,162,991
125,382,170
133,932,197
146,885,013
148,911,318
150,216,599
160,098,226
150,652,651
150,150,489
150,389,772 $3,588,431
150,657,146
3,876,460
147,842,611
4,122,463
151,662,296
4,019,978
152,317,777
3,422,901
161, 778,286 3,609,367
167,329,841
4, 670,206
168,047,061
4,908,445
166,446,738
5,712,601
166,595,774 5,777,747
162,505,518
5,522,362
162,058,353
5,162,946
162,729,008
5,971,496
114,533,127
5,119.272
110,726,253
6,146,607
112,642,766
7,316,937
112,841,419
6,452,880
112,303,505
5,824,703
114,558,482
5,794,510

$28,866
70,712
11,609
38,638
51,121
291,054
190,923
128,279
398,526
20,457
65,750
678a88
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
28,199
64,488
58,428
46,120
73,177
28,200
1,116,969
95,249
48,535
54,176
232,740
24,113
28,383
82,267
38,907
58,153
63,100
17,357
37,919
26,801

Total.

$97,988,542
98,481,790
98,353,936
98,963,989
102,458,400
102,223,621
102, 715,291
103,777,376
109,415,619
111,336,806
113,307,366
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
151,139,212
154,856,167
155,111,992
152,906,936
156,567,149
156,450,325
166,911,349
172,576,065
173.468.729
172, 664,515
173,305,222
168,849,021
168,168,589
169,655,460
120,503,202
117,687,004
120,755,181
119,967,169
118,763,191
121,Oil, 128

187

TREASURER.
No.

2 § . — A S S E T S OF THE TREASURY AT THE END OF EACH MONTH, FROM JANUARY,

1895.
Month.
.1.895—January...
February .
March
April
May
June
July
August
September
October...
November
Deceniber.
1896—January . .
February .
M a r c h ."...
April
May..
June
July
August
September
October...
• November
December.
1897—January . .
February .
March
April
May
June
July
August
September
October...
November
December.
1898—January . .
February .
March
April
May
June
July
August
September
October...
November
December.
1899—January . .
February .
March
April
May
June
July
August....
September
October...
November
December.
1900—January...
February .
March
April
May
June
July
August
September
October...
November
December.

Gold.

Silver.

$97,353,776 $507,087,384
138,593,280 508,859, 908
139,486,496 510,259,880
139, 998,154 510,813,574
147,690,978 511,582,651
155,893,932 512.338.751
155,354,066 512,746,150
149,410,926 511,447,345
143,557,513 507,677,525
143,360,839 503.083.139
129,567,945 502,164,742
113,198, 707 501,460,555
99,693,357 505,421,819
167,696,999 507,265,460
171,885,710 508,930,744
168,446,459 510,586,117
151,307,143 612,199,837
144,020,364 513,398, 714
150,012,225 514,610,147
139,825,200 513,647,701
162,771,311 610,644,845
155,323,833 509,058,742
169,527,102 509,680,450
175,203, 983 509,615,585
182,387,122 513,736,349
186,206,028 515,659,266
189,242,803 517,048,212
190,762,889 518,496,110
181,707,391 519,764,958
178,076, 657 520,793,923
178,044,578 521.734.140
181,234,165 519,368,486
184,561,664 513,481,747
190,387,257 509, 351,944
194,089, 260 507,656,383
197,469, 236 507,291,684
200,731,552 510,676,160
204,063,971 511,858,835
210,903,334 512,432,535
217,190,136 512,894,283
207,701,264 514,072,040
202,825, 049 515,029,907
225,138, 393 514,879,966
253,377,494 513,400,895
278,691,452 509,308,574
275,224,072 505,929,775
276,944,092 504,290,719
281,729,434 503,212,854
261,692,280 506,512,553
264,091,477 507,531,887
278,306,355 506,376,982
278,985,254 507,646,792
261,201,428 508,110,172
273,393,480 608,228,226
277,848,323 607,579,673
317,446,961 505,059,814
353,002,380 499,628,449
379,817,315 496,499,279
390,653,107 496,728,873
398,032,027 497,200,739
403,496,506 502,043,317
413,491,673 501, 772,166
422,000,915 502,682,324
426,989,371 504.271.752
422,906,844 505,432,661
421,112,654 506,964,447
431,170,785 508,303,727
428,652,338 506,756,909
439,241,611 501,747,657
458,266,143 499,422,038
474,482,084 499,237,673
479,349,251 498,212,961




Notes.

Certificate?^

$129,586,164 $11,286,292
126,302,508
7,801,189
123,067,639
8,199,408
111,990,707
7,842,873
114,731,683
6,984,723
116, 324,741
9,601,142
112,460,076
10,916,716
141,803,472
8,481,063
148,966,229
11,641,037
140,783,949
9,396,498
142,483,223
11,379,521
144,932, 791 12,634,306
138,447,921
14,831,305
145,497,711
12,728,031
153,855,846
12,096,298
149,067,048
12,708,001
164,425,420
11,656,704
166,364,197
12,007,425
155,698,648
14,379,543
164,010,408
13,913,160
140,008,443
12,046,930
141,982,074
12,672,212
126,568,383
13,047,773
135,237,287
16,120,054
131,188,067
13, 304,131
132,956,043
11,647,973
136,428,804
14,628, 701
132,061,583
17, 330,255
134,082,885
13,812,036
134,090,440
19,259,386
132,330,248
17,099,144
126,293,517
13,133,547
120,218,524
13,392,816
100,235,355
13,205,645
92,292,905
13,463,277
92,291,319
14,040,372
83,855,143
16,596,954
92,139,622
15,425,437
86,020,768
11,797,556
64,463.969
6,062,080
61,319,188
8,170,179
67,420,861
10,056,934
77,797,979
12,496,538
83,040,785
10,043,271
60,655,113
9,063,659
46,302,068
9,227,169
41,032,612
8,415,758
41,325,958
8,927,249
44,774,592
9,323,880
43,391,798
7,544,689
. 39,913,940
5,947,678
39,502,351
5,349,056
40,538,281
6,067,602
40,564,432
6,327,711
39,847,859
5,696,839
41,048,661
17,436,589
36,576,963
42,101,183
34,360,167
30,531,865
34,459,922
30,428,621
34,073,160
30,615,510
37,218,226
32,195,389
33,369,070
36,366,459
28,480,027
44,104,569
26,995,635
33,383,560
31,243,497
32,832,231
40,325,297
34,757,363
38,459,851
29,992,476
38,898,196
33,923,583
31,368,312
35,603,595
19,788,885
36,645,966
18,441,467
26,621,623
20,213,011
35,898,047

Other.
$16,156,715
16,534,018
16,224,165
16,797,028
16,483,721
16.903.120
16,920,824
15,817,540
16,047,106
15,513,186
16,525,261
15,352,088
16,159,325
25,624,630
28,200,349
27.991.933
22,277,866
18,114,936
17,263,185
17,992,277
18,171,245
17,639,362
17,137,873
17,286,645
17,938,241
17,868,857
17,891,239
18,095,819
18,129,656
19,168,953
18,753,823
18,115,652
18,713,882
18,489,756
38,907,251
50,298, 759
41,338,200
33,084,003
32.644,274
30,507,396
29,807,698
40,133,818
59,757,087
67,282,202
82,526,725
96,566,313
95,434,101
95,235,856
89,665,721
85.791.121
89,017,132
86,682,066
82,149,681
79,447,289
78,040,118
81,388,868
83,932,113
83,957,223
90,857,766
88,184,606
108,476,124
112,457,672
111,211,948
111,367,911
111,846,593
102,336,729
97,087,346
96.610.934
97,486,622
96,948,846
95,769,130
97,698,281

Total.
$761
798,
797
787
797
81i;
807,
826,
827,
812,
801:
787:
774;
858,
874,
868
861
853;
851
849,
849,
836,
836:
853:
858;
864,
875,
876,
867:
87i;
867:
858:
850;
831,
846:
86I:
853:
856:
853:
83i:
82i:
836:
89o:
927;
940,
933:
926,
930,
911
908;
919,
917,
898,
907;
909;
962,
1,016,
1,025,
1,043,
1,048,
1,083,
1,097
1,108;
1,102,
" 104,
105,
li 106,
104,
1; 105:
1,111
1,114,
^ 131

331
903
766
686
832
346
410
611
692
447
728
831
947
558
970
636
748
746
774
223
581
654.
910
167
759
656
826
359
933
367
632
957
076
370
009
768
467
864
369
569
963
647
523
397
182
351
026
972
087
517
064
138
812
883
088
849
289
042
562
040
783
129
826
490
185
960
697
877
967
561

188
No.

R E P O R T ON T H E F I N A N C E S .
2 8 . — A S S E T S OF THE TREASURY AT THE END OF EACH MONTH, FROM JANUARY,

1895—Continued.
Month.
1901—January...
Februa'ry .
March
April
May
J une
July
August
September
October...
November
December.
1902—J a n u a r y . . .
February .
March
April
May
June
July
August
September
October...
November
December.
1903—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1904—January...
February .
March
April
May...
June
Inly
August
September
October...




- Gold.

Silver.

Notes.

$479,100,353 $503,601,527 $27,274,261
505,801,665
22,131,211
507,768,679
18,890,282
497,332,
509,770,503
16,194,776
500,026:
511,378,732
20,546,091
495,717:
513,637,120
23,071,424
494,32i:
513,535,359
23,224,593
505,423
512,073,636
"'!,483,815
22,'
517,798,
508,463,673
,
529,152
IS! 244, 703
505,525,564
541,025:
Ki1,186,495
604,204,255
.
,
539,838:
15,' 794,936
503,633,101
,
640,797:
16i 104, 343
508,1.47,090
.
546,545
24,, 095,800
510,345,365
!
544,576:
22,, 320,517
511,969,472
1,210,285
543,346
19,:
513,694,356
'
546,219
17,, 645,047
514,490,857
',817,766
552,697:
17,
615,982,981
1
,
560,2oo:
23, 782,092
515,221, 642 22,, 316, 981
:
562, 769:
612,792,127
1,342,804
671, 302:
20,:
506,545,711
;
,
590,506
18,' 455,479
503,331,475
1,558,508
606,299,
16,{
501,834, 031 16,: 330,979
;
,
610, 919,
501,139, 537 19,! 293, 985
I
,
617,196,
505,839,398
i
,
623,818
28,: 130,318
507,317,607
1,406,410
632, 783:
20,'
508,281, 228 12, 220, 566
!
,
639,740;
510,402,500
.
,
644,171
14, 577, 633
510,796,160
1,070,023
637,463:
18,1
512, 665,861 26, 272, 742
),
631,420:
512,796,403
'
,
634,869:
27, 522,860
511,418,978
),
647,357,
30,1626,239
506,929,894
),
654,811
25, 985,876
502,306,042
),
660, 538:
16, 685,663
499,632,256
),
671,082:
10,1575,446
498,303,362
>,
686,651
15, 495,554
504,814,015
'
698,935,
27,, 730,559
508,684,859
1,473,789
698,448
23,
510,483,639
.,447,066
697,879;
15,'
512,096,991
I
,
695,825,
19, 753,316
514,160,262
1,732,793
668,226,
23,
515,492,455
1,204,793
681,838,
29,:
516,465,172
1,609,031
698,309,
32,
514,781,635
!
,
703,231
32,1 549,697
508,460,654
1,914,080
709,61i;
23, <
503,983,106
;
721,263,
Ifc,, 650,790

Certificates.
$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
39,656,548
45,382,128
28,294.770
31.176.094
42,765,518
45,166,096
46,786,804
47,652,418
50,992,628
59,173,127
65,109,657
28,693,937
34,925, 705
42,531,618
31,026.656
32,206', 442
43,993, 517
33,755, 764
35,908, 649
41,834,297
34,438,53S
28,685,566
32,582,994
38,960,631
44, 208,858
32,506, 560
• 26,701,432
23,537,788
25, 344,221
35,985, 716
46; 846,114
38,312, 772
30,689, 930
30,426,350
48,161,954
47,036,378

Other.

98,481
98,353,
98,963,
102,458,
102,223,
102, 715,
103,777
109,415,
111,336,
113,307
113,714
113,385;
11.4, 234
119,017
121, 316,
126,013,
124,919,
127,179,
126,432,
134,811
147,912;
149,596,
150,919,
150,929,
151,363,
151,139,
164,856,
.155, 111,
152, 906,
156, 567,
156,460,
166,911
172,576:
173,458:
172,664
173,305,
168,849,
168,168,
169, 656,
120,503,
117,687:
120,755;
119,967
118,763
121, Oil,

Total.
$1,134, 472,931
1,139, 829,029
1,1.55;399,210
1,160, 085,788
1.170, 073,439
1,181, 868.910
1,186, 342,994
1,198, 840,459
1,197, 327,476
1,213, 048,111
1,2:1.2, 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
1,391, 066,907
1,398, 957,933
1,405, 621,982
1,431, 486, 928
1,422, 993,464
1,417 322,776
1,433; 916,642
1,373 468,691
1,382, 535,846
1,398, 829,074
1,400, 956,604
1,408, 910,984
1,409, 935,390

189

TREASURER.
No.

29.—LIABILITIES

OF THE TREASURY AT THE END OF E A C H
JANUARY, 1895.

Month,
1896—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1896—January...
February ."
March
April
May

Jurie

July
August
September
October...
November
December.
_^1897—January...
February March
April
May

Jurie

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
Jnly
August
September
October...
November
December.
1900—January...
February .
March
April
May
June
July
August.....
September
October . . .
November
December.




Certificates
and Treasury notes.

Agency
account.

572,
567,
566;
573
679;
581
602:
6oo:
59i:
582,
568:
562:
558:
562:
560,
555,
547:
555:
563:
564:
664:
567:
.680,
695,
606,
607:
6O5:
695:
690:
588:
593:
579,
576:
581
585:
577'
564:
563:
563:
559:
558:
554
553:
553:
553:
552:
555:
555;
554,
555;
555,
554,
601'
647
656:
678;
686,
716;
720;
720,
727,
739,
723,
724,
733:
734:
740:
744,
764:

87;

MONTH, ' FROM

Balance.

Total.

$144, 603,302
178, 197<?587
187
I80;
185,
195,
187
184;
185,
179,
177
178;
171
262;
271
270;
267
267:
256;
243,
241
233;
225,
228;
215,
212
222;
228,
230,
240,
233,
218,
216,
207,
220,
236,
223
225;
226,
215:
195
205;
2.54,
294:
307:
300:
292;
294,
274,
269,
284,
263:
267:
28i:
274:
279:
287:
289:
286
283:
292:
298;
306,
296,
296:
305:
299:
286:
288;
287,
289;
290,

$761 470, 331
798 090, 903
797 237. 588
787 442, 336
797 473. 756
811 061, 686
807 397. 832
826 960. 346
827 889, 410
812 137, 611
801 120, 692
787 578, 447
774 553, 727
858 811, 831
874 968 947
868 799, 558
861 766, 970
853 905, 636
851 863, 748
849 388, 746
849 642. 774
836 676. 223
835 961, 581
853 463, 564
858 563, 910
864 338 167
875 239 769
876 746 656
867 496 826
871 389 359
867 961 933
858 145 367
850 368 632
831 669, 967
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
94.0 135, 523
933 249, 397
926 117, 182
930 431, 351
911 969 026
908 360, 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. 04:!.
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 4.47,697
1,111 071, 877
1,114 461, 967
1,131 271, 551

190
No.

REPORT ON T H E FINANCES.
29.—LIABILITIES

OF

THE

TREASURY

AT THE

END

OF E A C H

MONTH

FROM

JANUARY, 1895—Continued.
Month.

1901—January
February ..
March
April
May
June ...:...
July
August
September .
October
November .
December..
1902—January
February ..
M a r c h .*....
April...'
June
July
August
September .
October
November .
December..
1903—January
February ..
March . . . . .
April
May
June
July
August
September .
October
November .
December..
1904—January
February ..
March
April
May
....
June
July
August
September .
October




Certificates
a n d Treasury notes.
$763, 637,279
760, 561,989
762, 426,989
770, 842,989
770, 663,789
771, 754,689
773, 991,689
780, 033,689
788, 032,089
803, 897,089
809, 917,089
811, 468,089
816, 344,089
816, 075,089
822, 799, 089
830, 202,089
832, 186,089
830, 609,089
841, 965,089
845, 876,089
856, 899,089
860, 316,569
869, 236,569
876, 574,069
871,069
726,069
890, 007,069
895, 425,869
893, 762,869
893, 068,869
894, 257,869
896, 739,869
902, 700,869
919, 843,869
931, 208,869
935, 328,869
967, 532,869
962, 691,869
9.55, 117,869
979, 999,869
975, 109,869
978, 084,569
1,003, 728,969
1,007, 890,969
1,014, 779,969
1,021, 556,969

Agency
accounts.

Balances,

$77,922,679 $293,012,973
80,351,890
298,915,149
84,528,699
308,443,522
82,748,591
306,494,208
87.071.181
312,338,469
83,28i;097
326.833,124
84,982,428
327,368,877
88,835,414
329,971,356
89,375,506
319,919,880
83,495,325
326,655,697
85;873,586
317,010,665
86,560,354
321,603,279
79,327,321
324,796, 646
81,215,951
325,361,866
85,653,031
327,856,289
78,999,931
334,739,983
80,269,593
346,360, 229
79,740,626
362,187,361
82,539,910
353,974,699
84,676,091
359,491,500
88,277,065
371,253,394
85,957,306
356,421,878
89,794,560
354,575,588
90,097,752
364,409,380
84,527,175
368,345.963
84,808,827
374,543,470
92,446, 267 372,921,989
89,011,127
373.326.187
88,418,172
375,168,898
83,345,641
388,686,114
93,644,916
378,291,444
94,348,319
383,450,710
95,103,776
389.417,184
92,585,635
378,637,403
98,511, 634 369,237,430
90,918,218
379,374,895
85,208,975
378,745,084
87,233,089
373,068,506
87,504,911
374,699,996
82,997,585
370.919.188
85,071,306
313,287,516
82,399.709
322,051,568
91,018,526
304,081,579
95,090,270
297,975,365
92,716,852
301,414,163
92,025,624
296,352, 797

Total.

$1,134, 472,931
1,139, 829,028
1,165,399,210
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
1,356, 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
1, 39i:066.907
1, 398:957,933
1,405: 621,982
1,43i: 486,928
1,422: 993,464
1,417: 322,776
1,433; 916,642
1,373, 468,691
535,846
1, 382,
1,398, 829,074
1,400, 956,604
1,408, 910, 984
1,409, 935,390

191

TREASURER.
No..

3 0 . — A S S E T S O P T H E T R E A S U R Y I N E X C E S S O F C E R T I F I C A T E S .AND
N O T E S AT T H E E N D O F EACH M O N T H , FROM J A N U A R Y ,
1895.

Month,
1896—January..
February.
March
April
May
June
July...:..
August . . .
September
October...
November
December
1896—January..
February.
March
April
May
Jurie
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,




Silver,
$44,706,967
87,085,511
90,643,307
91,247,145
99,151,409
107,512,363
107,236,487
100,329,837
92,911,974
92,943.180
79,333,966
63,262,268
49,845,508
123,962,980
128,646,461
125,393,900
108,346,234
101,699,605
110,718,746
100.957.561
124,034,672
117,126,624
131,510,363
137.316.544
144,800,493
148,661,209
151,786,464
153,340,890
144.319.562
140,790,738
1.40,817,699
144,216,376
147,663,105
153,573,148
167,363,851
160,911,547
164,236, 793
167,623,182
174,584,135
181,238,137
171,818,055
167,004,410
189,444,714
217,904,485
243,297,543
239,885,163
241,663,443
246,529,175
228,652,341
231,124,638
246,413,706
246,140,225
228,415,239
240,737,211
245,254,634
248,757,972
254,328,821
262,223,797
239,744,905
236,909,230
218,613,617
232,226,336
248,358,064
229,461,962
218.857.545
220,557,184
223, 567,376
218,263,969
230,131,162
242,670,174
243,235,736
246,561,322

^ 9 868, 671
2
32 .338, 336
36 183, 035
38 013, 832
41 985, 200
46 618, 599
46 900, 752
43 179, 804
33 676, 408
28 634. 623
26 726, 669
27 612, 627
36 483. 200
38 000, 237
35 817, 038
38 682, 424
44 501, 477
52 455, 925
64 610, 196
41 166, 527
31 209, 091
28 052, 340
31 691, 049
33 143, 505
34 001, 536
34 399, 485
36 890, 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
17 616. 429
20 865. 495
23 163, 547
25 547, 250
21 150, 242
17 333, 559
16 918, 920
14 279, 293
14 357, 579
18 192. 589
15 619, 902
12 548, 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, 965
14 448, 943
17 515, 012
22 438. 100
24.208. 433
20,493, 182
13,767, 922
12,478, 293
14,176, 266
14,416, 668

Notes.

Other.

$91,961,164
89,377,508
86,242,639
74,696,707
66,486,683
60,919,741
65,540,076
65,248,472
86,126,229
84,043,949
96,548,223
113,327,791
109,522,921
112,672,711
119,395,846
116,137,048
130,995,420
134,624,197
114,058,648
126,616,408
111,703,443
109,517,074
88,098,383
84,907,287
66,838,067
56,431,043
61,968,804
62,156,683
68,297,885
72,960,440
69,995,248
63,018,517
67,393,524
51,950, 355
43,652, 905
48,976,319
34,780,143
43,709,522
48,120,768
37,548,969
34,779,188
41,375,861
55,822,979
62,760,785
42,920,113
26,247,068
20,842,512
20,860,958
22,604,692
20,286,798
17,578,940
18,237,351
19,198,281
19,709,432
19,892,859
21,878,651
20,706,963
20,616,167
20,854,922
22,093,160
22,638,226
18,099,070
14,145,027
18,735,535
26,458,497
36,620,297
36,779,851
36,338,196
29,548,312
18,008,885
16,751,467
18,683, Oil

$16,166,716
16,534,018
16,224,165
16,797,028
16,483,721
16,903,120
16,920,824
16,81.7,640
16,047,106
15,613,186
15,526,261
15,362,088
16,169,325
25,624,630
28,200,349
27,991.933
22,277,866
18,114,936
17,263,185
17,992,277
18,171,245
17,639,362
17,137,873
17,286,646
17,938,241
17,868,857
17,891,239
18,095,819
18,129,656
19,168,953
18,753,823
18,115,652
18,713,882
18,489,756
38,907,251
50,298,759
41,338,200
33,084,003
32,644,274
30,507,396
29,807,698
40,133,818
59,757,087
67,282,202
82,526,725
96,566,313
95,434,101
95,235,856
89,665,721
85,791,121
89,017,132
85,682,065
82,149,681
79,447,289
78,040,118
81,388,868
83,932,113
83,957,222
90,857,766
88,184,606
108,475,124
112,457,672
111,211,947
111,367,910
111,846,593
102,336,729
97,087,346
96,610,934
97,486,621
96,948,846
95,769,130
97,698,281

TREASURY

Total.
$182,692, 417
225,335, 373
229,293, 146
220,753, 712
224,107, 013
231,853, 823
225,698, 139
224,575, 653
227,661, 717
221,034, 938
218,133, 019
219,664, 774
212,010, 954
SOO, 260,568
312,059, 694
308,205, 305
306,119, 997
306,794, 663
296,650, 775
285,731, 773
285,118, 461
272,335, 300
268,437, 658
272, 653,981
262,678, 337
257,360, 594
267,537, 286
271,639, 183
271,960, 873
280,510, 406
279,447, 980
264,183, 414
261,297, 679
251,213, 004
266,488, 143
284,434, 437
271,984, 076
271, 318,835
276, 395,634
266,810, 931
257,270, 436
271,677, 636
330,572, 030
369,097, 714
386,077, 940
379,617, 464
372,219, 349
376,983, 568
359,115, 243
352,822, 469
364,558, 474
362,808, 904
342,649, 451
362,734, 535
354,698, 509
360,936, 680
367,276, 185
368,490, 946
364,867, 385
361,026, 639
367,379, 959
377,252, 758
387,879, 003
374,014, 350
374,677, 647
381,952, 310
380,643, 006
371,706, 281
370,934, 017
370,106, 198
369,932, 688
377,259, 172

192
No.

REPORT ON T H E FINANCES.
34>.—ASSETS OF THE TREASURY IN EXCESS OF CERTIFICATES AND TREASURY
NOTES AT THE END OF EACH MONTH, FROM JANUARY, 1895—Continued.

Month.
1901—January
February...
March
Apri 1
May
Jurie
July
August.:...
September..
October —
November..
December .,
1902—January —
February..,
March
,
April
May
,
' June
July
August
September.
October
November.
December .
1903—January
February..
March
April
May
June
July
August . . . .
September.
October
November.
December .
1904—January
February..
March
April
,
May
Turie
July
August
September.
October —




Gpld.

Silver.

$221,183,644
231,150,064
249,046,644
246,767, 053
244,432,245
248,605, 794
249,955,831
258,455, 786
251,635.354
259,346,494
257,539,887
262,800,534
239,040,401
238,821,209
244,858,050
242,945,286
246,554,393
253,801,291248,005,005
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
248,499,879
253,201,871
260,714,057
258,892,307
267,Oil,715
265,571,972
229,362,090
236,241,028
248,529,691
231,877,090
217,592,391
216,183,723
197,445,631
199,512,294
223,098,966
231, 060,229

$25,484,205
27,503,975
26,681,359
27,316,981
31,973,914
36,213,382
36,455, 590
.34,089,793
29,999, 710
22,281,227
16,242,063
15,544,209
27,602,611
31,202,069
30,423,881
31,832,852
35,234,441
39,425, 319
39,013,100
32,734,104
20,138,233
14,365,037
13,475,191
13,515,905
26,029,799
27,931,024
25,192,675
30,363,854
34,196,429
38,689,848
39, 346,471
37,620,594
30,909,678
23,069,003
16,703,174
16,561,072
33,556.187
31,737,757
30,059,560
32,630,907
36,530,436
41,375,757
44,290,262
41,036,475
• 28,354,778
19,656,274

Other.
, 279,
:,131
1,890,
., 194,
',546:
1,071
, 224
:,483;
1,244
., 186:
.,794
,104
, 095:
,320:
, 2io:
,645:
, 817:
1, 782,
,316;
•, 342,
, 465,
., 558:
,s3o:
, 293,
,1
,406:
, 220:
, 577:
,o7o:
,272:
,522:
, 626:
, 985,
,685,
-, 575:
, 495:
,730:
.,473;
1,447,
', 753;
1,732,
1,204
:, 609,
;, 549,
., 914
., 650,

$97^,988,542
1,481,790
1,353, 936
:, 963,989
102,, 458.400
102 ,223,621
102:,715,291
103 ,777,376
109 ,415,619
111 ,336,806
113 ,307,365
113 ,714,547
lis:,385,156
114 ,234,023
119 ,017,104
121 ,316,729
126 ,013,222
124 ,919,184
127 ,179,423
126 ,432,989
134 ,811,976
147 ,912,706
149 ,596,204
150 ,919,978
150 ,929,275
151 ,363,081
151,139,212
154 ,856,167
155 ,111,992
152 ,906,935
166 ,567,149
156 ,-450,325
166 ,911,349
172 ,576,065
173,458,729
173:,664,516
173,,305,222
168,,849,021
168,, 168,589
169 ,655,460
120 ,503,202
11 ,687,004
I,
120, 755,181
',
119, 967,169
118 ,763,191
121 .Oil, 128

Total.
$370,935,652
379,267,040
392,972,221
389,242,799
399,409,650
410,114,221
412,351,305
418,806,770
409,295,386
409,151,022
402,884,251
408,163,633
404,123,968
406,577,817
413,509,320
413,739,914
425,619,822
441,927,886
436,514,509
444,167,591
459, 530,459
442,379,184
444,370,148
464,607,132
452,873,138
459,352,297
465,368,256
462,337,314
463,587,070
472,031,755
471,936,359
477,799,029
484,520,960
471,223,038
467,749,064
471,293,113
463,964,058
460,301,595
462,204,906
453,916,773
398,358,822
404,451,277
395,100,105
393,065,635
394,131,015
388,378,421

193

TREASURER.

N o . 3 1 . — U N I T E D STATES NOTES OF EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1890.
Issued dur- Total issued. Redeemed Total redeemed. Outstanding.
during year.
ing year.

Denomination.
1890,
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Fivehundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

$216,000 $183,904,160
216,000 181,707,048
20,020,000 395,281,760
19,720,000
387,811,240
31,360,000 364,602,400
1,800,000 123,415,200
3,400,000 150,104,000
1,400,000 185,676,000
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

Total
Unknown, destroyed

78,132,000 2,332,129,808

78,132,000,00 1,984,448,792.00. 347,681,016,00
1,000,000.00
1,000,000,00

78,132,000 2,332,129,808

78,132,000,00 1,985,448,792.00

346,681,016,00

One dollar
Two dollars
Five dollars
Ten dollars
Tvventy dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

476,000
856,000
16,600,000
19,440,000
26,120,000
1,800,000
2,100,000
600,000
3,900,000

378,153,00
412,997,00
16,703,396,00
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

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
19,986,000.00
39,990,000,00

3,390,200,20
3 315 881 80
67,526,989,00
91,585,376,00
118,716,370,00
18,843., 560,00
28,719,650,00
9,378,000,00
16,180,000,00
15,000.00
10 000.00

Total
Unknown, destroyed

70,792,000 2,402,921,808

70,792,000,00 2,056,240,792,00
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

536,135,00
570,420,00
15,412,786,00
18,226,420,00
18,472,440,00
3,673,400.00
4,693,900.00
2,378,500.00
2,300,000.00

181,626,094,80
179,817,586,20
369,667,656,00
333,892,285,00
289,478,470,00
109,646,050,00
128,178,260,00
179,676,600.00
289,648,000.00
19,986,000,00
39,990,000,00

4,062,066.20
3,081,461,80
61,594,204,00
92 638,955 00
112,803,930,00
16,870,160.00
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 2,121,604,792,00
1,000,000,00

347,681,016,00
1,000,000.00

66,264,000 2,469,186,808

66,264,000,00 2,122,504,792,00

346,681,016,00

873,902.00
767,018, OOIO, 031,960,00
23,905,380.00
28,366,300.00
4,730,850,00
7,220,600,00
2,454,000,00
S, 776,000,00

182,399,996,80
180,674,604,20
388,699,606,00
357,797,665.00
317,844,770.00
114,375,900,00
135,398,860,00
182,130,500,00
293,424,000.00
19,986,000,00
39,990,000.00

3,396,163.20
2,862,443.80
62 202,254,00
91,053,675.00
101,477,630.00
14,439,300.00
23,405,150.00
16,246,500.00
32,584,000.00
16,000.00
10,000.00

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 2,560,301,808

91,116,000.00 2,213,620,792.00

346,681,016.00

Net

!

$180,611,806.80
178,834,169.20
337,551,376.00
297,400,440.00
263,116,050.00
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
67,730,384.00
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

1891,

Net

184,380,160
182,563,048
411,781,760
407,261,240
389,722,400
124,816,200
152,204,000
186,676,000
303,528,000
20,000,000
40,000,000

1892,

One dollar
Two dolla^^s
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

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

1893.

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

FI 1904

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

13




185,588,160
182,899,048
431,261,760
426,531,240
402,282,400
126,615,200
164,284,000
192,196,000
307,628,000
20,000,000
40,000,000

185,796,160
183,427,048
460,901,760
448,851,240
419,322,400
428,815,200
158,804,000
198,376,000
326,008,000
20,000,000
40,000,000

194
No.

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

3 1 . — U N I T E D STATES NOTES OF EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1890—Continued.

Denomination.
1894.
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 thousand dollars
Five thousand dollars.
Ten t h o u s a n d dollars

Issued durRedeemed
i n g y e a r . T o t a l issued. d u r i n g y e a r . T o t a l r e d e e m e d . O u t s t a n d i n g .

$416,000
264,000
11,140,000
17,680,000
19,280,000
2,470,000
4,090,000

$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
40,000,000

Net

$3,052,444,20
2,470,402,80
52 784 784 00
84,094,285.00
95,125,750.00
14,133,400.00
23,990,950.00
12,039,000.00
59,965,000. 00
15,000.00
10 000.00

90,960,000 2,651,261,808

90,960,000.00 2,303,580,792.00.
1,000,000.00

347,681,016.00
1,000,000.00

90,960,000 2,651,261,808

Total
.•
U n k n o w n , destroyed

$183,159,716.80
181,220,645.20
409,256,976.00
382,436,955.00
343,476, 650.00
117,161,800.00'
138,903,050.00
186,337.000.00
301,663,000.00
19,985,000.00
39,990,000,00

90,960,000.00 2,304,680,792.00

346,681,016. 00

732,000
608,000
18,000,000
16,760,000
15,520,000
1,530,000
2,210,000

599,333.00
498,302.00
16,463,366.00
20,045,570.00
20,920,580.00
3,220,950.00
4,626,400.00
2,761,500.00
5,584,000.00

35,620,000

$759,719.00
646,041.00
20,657,470.00
24,639,290.00
25,631, 880.00
2, 775,900.00
3,504,200.00
4,206,500. 00
8,239,000.00

1895,
One dollar
Two dpllars
Five dollars..
Ten dollars
T w e n t y dollars
Fifty d o l l a r s
One hundre(l dollars
Five h u n d r e d dollars .
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total
U n k n o w n , destroyed

19,360,000

186,944,160
184,299,048
480,041,760
483,291,240
454,122, 400
132,815,200
165,104,000
198,376,000
380,988,000
20,000,000
40,000,000

183,769,048,80
3,185,111. 20
181,718,947.20
2,580,100.80
425,720,341.00
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
143,529,450,00 ' 21,574,550.00
189,098,500,00
9,277,500.00
307,247,000.00
73,741,000.00
19,985,000,00
16,000.00
39,990,000,00
10,000,00

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

Net

74,720,000 2,725,981,808

74,720,000.00 2,379,300,792,00

346,681,016.00

184,474,098,80
182,453,257,20
441,684,531.00
-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
25,346,650,00
6,715,000,00
73,437,000,00
15 000 00
10,000,00

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 hundred dollars.
One thousand dollars
Five 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
U n k n o w n , destroyed

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

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

700,000
600,000
15,400,000
14,520,000
7,600,000
3,600,000
2,000,000
11,100,000
4,100,000

753,248.00
1,084,833,00
15,822,202,00
17,303,684,00
14,696,458,00
2,.002,025,00
2,885,650.00
1,712,000.00
3,360,000.00

Total
Unknown, destroyed

Net....

6,140,000

187,600,160
185,787,048
499,481,760
605,491,240
461,322,400
136,615,200
173,104,000
198,376,000
387,128,000
20,000,000
40,000,000

716,050.00
234,310.00
15,864,190.00
18,532,960.00
16,905,640.00
2,936,450.00
4,228,900.00
2,562,600.00
6,444,000.00

1897.

Net




188,300,160
186,387,048
514,881,760
620,Oil, 240
468,922,400
140,215,200
176,104,000
209,476,000
391,228,000
20,000,000
40,000,000

185,227,346.80
183,538,090.20
467,406,733,00
438,319,169,00
395,999,328,00
125,311,225,00
150,643,900,00
193,373,000.00
317,051,000.00
19,985,000.00
39,990,000.00

3,072,813.20
2,848,957,80
57,476,027,00
81,692,071,00
72,923,072,00
14,903,975,00
24,460,100,00
16,103,000,00
74,177,000.00
15,000.00
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 2,854,525,808

59,620,000,00 2,507,844,792.00

346,681,016.00

195

TREASURER.

No., 3 1 . — U N I T E D STATES NOTES OF EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1890—Continued.
Issued dur- Total issued. Redeemed Total redeemed. Outstanding.
during year.
ing year.

Denomination.
1898.
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

$22,440,000
14,680,000
7,680,000
1,300,000
3,100,000
700,000
4,360,000

Total
Unknown, destroyed

$188,300,160
186,387,048
537,321,760
634,691,240
476,602,400
141,615,200
178,204,000
210,176,000
395,588,000
20,000,000
40,000,000

$584,378.00
724,112.00
15,916,336.00
15,256,240.00
11,716,560.00
1,382,375.00
2,336,500.00
1,441,500.00
4,902,000.00

$186,811,724.80
184,262,202.20
473,323,068.00
453,576,409.00
407, 715,888,00
126,693,600.00
152,980,400.00
194,814,500.00
321,953,000.00
19,985,000.00
39,990,000.00

$2,488,435.20
2,124,845 80
63,998,692,00
81,116,831,00
68,886,512,00
14,821 600 00
25,223,600,00
15,361,500.00
73,635,000,00
15,000 00
10,000,00

54,260,000 2,908,785,808

54,260,000.00 2,661,104,792.00
1,000,000.00

347,681,016 00
1,000,000,00

64,260,000 2,908,785,808

54,260,000.00 2,662,104,792.00

346,681,016,00

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

44,000
320,000
28,800,000
29,360,000
23,440,000
1,500,000
2,800,000
2,100,000
40,000

271,782.00
333,208.00
19,000,910.00
17,589,450.00
12,855,550.00
2,722,300.00
4,004,300.00
5,165,500.00
26,461,000.00

Total
Unknown, destroyed

Net
1899.

186,083,506.80
184,595,410.20
492,323,978.00
471,164,859.00
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

2,260,653,20
2, 111, 637,80
73,797,782,00
92,886,381.00
79,470,962 00
13,599,300,00
24,019,300.00
12,296,000.00
47,214,000.00
15,000.00
10,000.00

88,404,000 2,997,189,808

88,404,000.00 2,649,608,792.00
1,000,000.00

347,681,016.00
1,000,000.00

88,404,000 2,997,189,808

88,404,000.00 2, 650,508,792.00

346,681,016.00

20,000
56,000
26,700,000
27,880.000
12,320,000
2,000,000
4,200,000
600,000
7,000,000

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

o

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

188,344,160
186,707,048
666,121,760
664,061,240
600,042,400
143,015,200
181,004,000
212,276,000
395,628,000
20,000,000
40,000,000

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
23,090,750,00
10,835,250,00
42,125,000,00
15,000,00
10,000.00

80,676,000 3,077,865,808

80,676,000.00 2,730,184,792.00
1,000,000.00

347,681,016.00
1,000,000,00

80,676,000 3,077,865,808

Total
Unknown, destroyed

186,232,605. 80
184,863,346.20
515,765,658.00
492,009,029. 00
435,331,228.00
131,451,025.00
162,113,250.00
201,940,750.00
360,503,000.00
19,985,000.00
39,990,000.00

80,676,000,00 2,731,184,792.00

346,681,016,00

91,762,00
226,058,00
26,663,020,00
28,079,440,00
16,969,920,00
2,398,600.00
5,138,200.00
1,545,000.00
11,574,000,00
5,000.00

186,324,367.80
185,088,404.20
541,428,578.00
520,088,469.00
452,291,148.00
133,849,625.00
167,261,450.00
203,485,750.00
372,077,000.00
19,990,000.00
39,990,000.00

2,039,792,20
1,674,643.80
51,393,182.00
135,122,771.00
70,471,252.00
12,365,576.00
22,652,560.00
12,390,250.00
39,551,000.00
10,000.00
10,000.00

1901.

188,364,160
186,763,048
592,821,760
591,931.240
512,362,400
145,016,200
185,204,000
212,776,000
402,628,000
20,000,000
40,000,000

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

63,280,000
10,400,000
1,200,000
4,700,000
3,100,000
9,000,000

Total
Unknown, destroyed

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 3,169,645,808

91,680,000,00 2,822,864,792.00

346,681,016.00

Net




188,364,160
186,763,048
592,821,760
655,211,240
522,762,400
146,215,200
189,904,000
215,876,000
411,628,000
20,000,000
40,000,000

196
No.

REPORT ON T H E FINANCES.
3 1 . — U N I T E D STATES NOTES OP EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1890—Continued.
I s s u e d d u r - T o t a l issued.
ing year.

Denomination.
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
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

R e d e e m e d Total redeemed. Outstanding.
during year.

Net

$1,986,042.20
1,560,353.80
30,159,042.00
193,459,321.00
54,499,282.00
9,598,125.00
17,927,350.00
9,258,500.00
29,213,000.00
10,000.00
10,000.00

101,520,000 3,271,065,808 101,520,000,00. 2,923,384,792,00
1,000,000,00

347,681,016.00
1,000,000.00

. . ' . 101,620,000 3,271,065,808 101,520,000,00 2,924,384,792,00

Total
U n k n o w n , destroyed

$186,378,117,80
185,202,694,20
562,662,718,00
562,87i; 919,00
468,263,11.8,00
136,617,075.00
171,976,650.00
207,017,500.00
382,415,000.00
19,990,000,00
39,990,000,00

346,681,016.00

. .
$101,120,000

400,000

$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

$53,750.00
114,290.00
21,234,140.00
42,783,450.00
15,971,970.00
2,767,450.00
4,725,200.00
3,531,750.00
10, 338,000.00

1903.
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 thousand dollars
Five thousand dollars
Ten thousand dollars

188,364,160
186,763,048
• 592,821,760
109,600,000
865,931,240
522,762,400
146,216,200
189,904,000
216,276,000
411,628,000
20,000,000
40,000,000

Total
U n k n o w n , destroyed

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

Net

37,188,00
64,990,00
11,945,017,00
69,557,690.00
13,816,840.00
2,911,826.00
5,354,450.00
1,557,000.00
4,365,000.00
„

1,948,854,20
186,415,305.80
186,257,684,20 • 1,505,363 80
674,607,735,00
18,214,025,00
632,429,609,00 233,501,631,00
482,079,958.00
40,682,442.00
139,528,900.00
6,686,300.00
177,331,100.00
12,572,900.00
208,574, 500.00
7,701,500.00
386,780,000.00
24,848,000.00
19,990,000.00
10,000.00
39,990,000.00
10,000 00

1904.
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 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

108,440,000
5,920,000
800,000
1,810,000
3,000,000
2,710,000

186,442,815.80
185,292,964,20
580,956,800.00
728,931,229.00
492,855,458.00
141,216,125.00
180,752,400.00
209,682,000.00
389,655,000.00
19,990,000.00
39,990,000.00

1,921,344,20
1,470,083.80
11,864,960.00
245,440, Oil, 00
35,826,942.00
6,799,076.00
10,961,600.00
9,694,000.00
24,683,000.00
10,000.00
10,000.00

Total
Unknown, destroyed.

122,680,000 3,503,346,808 122,680,000.00 3,155,664,792,00
1,000,000,00

347,681,016.00
1,000,000,00

122,680,000 3,503,345,808 122,680,000,00 3,156,664,792.00

346,681,016,00

Net




188,364,160
186,763,048
692,821,760
974,371,240
628,682,400
147,015,200
191,714,000
219,276,000
414,338,000
20,000,000
40,000,000

27,510.00
35,280', 00
6,349,065,00
96,501,620,00
10,775,500,00
1,687,225.00
3,421,300.00
1,007,600.00
2,875,000.00

197

TREASURER.
No,

32.—TREASURY NOTES OF 1890 OF EACH DENOMINATION ISSUED, REDEEMED,
AND OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1891.
Issued dur- Total issued. Redeemed
during year.
ing year.

Denomination.
1891.
One dollar...
Two dollars
Five dollars
Ten dollars
Twenty dollars
One hundred dollars
One thousand dollars

Total
redeemed.

Outstanding.

$3,666,417
3,176,000
10,220,000
17,560,000
3,440,000
6,900,000
6,900,000

$139,967
34,908
123,815
612,290
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

50,228,4.17

4,248,424
6,792,000
14,620,000
16,360,000
8,320,000
4,090,000
6,700,000

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

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

1,642,876
1,291,974
1,693,400
2,234,620
382,200
957,700
2,168,000

6,261,965
8,676,026
23,246,600
SO,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
17,866,000
44.940,000
62,280,000
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

5,375,964
6,496,346
8,003,930
8,311,330
2,462,260
6,300
4,388,600
17,986,000

13,298,993
12,359,654
36,936,070
43,968,670
20,337,740
793,700
7,681,400
11,814,000

87,238,106

199,220,947

41,769,950

52,030,720

147,190,227.

6,669,190
4,192,000
9,200,000
8,720,000
3,840,000
370,000
6,500,000
13,300,000

25,344,137
22,048,000
54,140,000
61,000,000
26,640,000
1,170,000
17,570,000
43,100,000

7,138,726
6,205,329
12,316,885
11,447,780
4,067,080
114,800
1,654,400
3,562,000

12', 514,680
11,701,676
20,320,816
19,759,110 •
6,629,340
121,100
6,943,000
21,538,000

61,791,190

251,012,137

46,397,000

98,427,720

152,684,417

6,284,983
4,336,000
20,240,000
10,720,000
1,120,000
6,000
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
44,680,000

8,063,606
5,970,499
13,637,675
12,140,110
5,276,360
302,860
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.
40,421,610
39,820,780
15,954,300
751,050
9,932,100
19,446,000

44,215,983

296,228,120

60,712,000

149,139,720

146,088,400

7,530,880
6,168,000
17,820,000
12,760,000
880,000

39,160,000
32,662,000
92,200,000
84,480,000
28,640,000
1,176,000
17,600,000
44,580,000

6,964,279
6,089,496
16,611,656
12,617,210
6,298,360
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

11,617,436
9,790,330
42,629,866
39,963,570
11,536,940
460,250
5,888,900
7,807,000

46,158,880

Total

. .

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

340,387,000

61,564,000

210,703,720

129,683,280

7,144,000
4,362,000
6,420,000
3,520,000
1,680,000
260,000
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

6,976,660
5,211,960
12,874,790
10,794,280
3,668,060
129,650
2,801,800
3,166,000

34,518,125
27,973,630
62,444,935
65,310,710
20,662,120
854, S O
O
14,612,900
39,929,000

11,785,875
8,930,370
36,175,065
32,689,290
9,657,880
320,700
3,337,100
11,971,000

30,686,000

371,073,000

46,602,000

266,205,720

114,867,280

1892.

One dollar
Tvvo dollars .
Five dollars
Ten dollars
Twenty d o l l a r s . . . .
One hundred dollars
One thousand dollars
Total
1893,

One dollar
Two dollars
Five d o l l a r s . . . .
Ten dollars
Twenty dollars
Fiftydollars
...
One hundred dollars
One thousand dollars
Total
1894.

One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
. . ..
Fifty dollars
One hundred dollars
One thousand dollars
Total
1895.

One dollar.
Two dollars
Five dollars.
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars
One thousand dollars
Total
1896.

OnedoUar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
One thousand dollars . . . .

Total
1897,

One dollar..
Two dollars
.
.
Five dollars.
.
....
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars
One thousand dollars
Total




12,829,467
10,346,326
33,819,186
41,240,890
20,110,660
1,048,900
11,627,000
21,562,000

198

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

N o . 3 2 . — T R E A S U R Y NOTES OF 1890 OF EACH DENOMINATION ISSUED, REDEEMED,
AND OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 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
d u r i n g 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 thousand 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
6,276,258
9,798,615
7,146, 500
2,266,850
59,050
1,285,700
9,628,000

$42,359,152
33,249,888
72,243,550
62,457,210
22,928,970
.913,350
15,798,600
49,557,000

$15,900,848
10,782,112
30,876,450
29,142,790
9,071,030
261,650
2,201,400
2,971,000

29,642,000

400,715,000

43,302,000

299,507,720

101,207,2^0

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
2,226,-680
110,600
634,600
1,102,000

52,163,798
39,625,912
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

93,618,280

28,000
1,440,000
6,220,000
7, 360,000
1,920,000
40,000

64,704,000
49,808,000
120,740,000
104,680,000
36,760,000
1,175,000
18,000,000
52,568,000

7,081,540
5,311,330
10,730,760
7,333,990
2,082,520
31,850
342,300
685,000

59,245,338
44,837,242
93,586,740
77,426,310
27,237,170
1,055,700
16,776,500
61,244,000

5,468,662
4,970,758
27,153,260
27,253,690
8,522,830
119 300
1,224,600
1,324,000

16,008,000

447,436,000

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
62,668,000

3,273,173
2,957,202
10,616,185
8,313,850
2,285,340
29,860
289,400
479,000

62,518,511
47,794,444
104,202,925
85,740,160
29,622,510
1,085,550
17,064,900
61,723,000

2,185,489
2 013 556
16,537,075
18,939,840
6,237,490
89,450
935,100
845,000

447,436,000

28,244,000

399,652,000

47,783,000

64,704,000
49,808,000
120,740,000
104,680,000
35,760,000
1,175,000
18,000,000
52,668,000

1,066,166
1,059,899
7,379,225
6,256,040
1,599,920
19,350
186,400
217,000

63,584,677
48,854,343
111,582,150
91,996.200
31,122,430
1,104,900
17,260,300
51,940,000

1,119,323
953,657
9 157,850
12,683,800
4,637,570
70,100
749,700
628,000

447,436,000

17,783,000

417,435,000

30,000,000

One dollar
Two dollars
,
Five dollars
Ten dollars.
Twenty dollars
Fifty dollars
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
62,568,000

348, 539
340,901
4,122,640
4,359,010
1,326,760
12, 850
139, 400
, 107,000

63,933,216
49,195,244
116,704,690
96,355,210
32,449,190
1,117,760
17,389,700
52,047,000

770,784
612,766
5,035.310
8,324,790
3,310,810
57,250
610,300
521,000

Total
1904,
One dollar
T w o dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty dollars
One hundred dollars
One thousand dollars

, 447,435,000

10,757,000

428,192,000

19,243,000

64,704,000
49,808,000
120,740,000
104,680,000
35,760,000
1,176,000
18,000,000
62,668,000

143,692
135,338
1,978,730
2,870, 470
924, 220
11,250
112,300
89,000

64,076,908
49,330,582
117,683,420
99,226,680
33,373,410
1,129,000
17,502,000
52,136,000

627,092
477,418
3,056,680
6,454,320
2,386,690
46 000
l98,000
432,000

447,435,000

6,265,000

434,467,000

12,978,000

$11,956,000
7,128,000
4,500,000
3,600,000
1,680,000
:...

Total
1899,
One dollar
Two dollars . .
Five dollars
Ten dollars
T w e n t y dollars .
. .
Fiftv dollars
One h u n d r e d dollars
One thousand dollars
Total
1900,
One dollar
Tvvo d o l l a r s
Five dollars
. . .
Ten dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
One t h o u s a n d dollars

:::::::(::::

Total....:
1901.
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
One thousand dollars

1
'
1
'
'
'
.'

Total
1902,
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
1903,

Total




J..

199

TREASURER.
Me,

3 3 . — G O L D CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED,
OUTSTANDING AT THE CLOSE OF EACH FISCAL YEAR FROM 1890.
Denomination.

1890.
Twenty dollars
Fifty dollars
On(5 hundred dollars
Five hundred dollars
Ono thousand dollars
Five thousand dollars
Ten thousand dollars
Total
1891.
Twenty dollars.
Fifty dollars
One hundred dollars
Five hundred dol lars
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total
1892.
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total
1893.
Twenty dollars
Fiftydollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars .
Ten thousand dollars
Total
1894.
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars.
One thousand dollars
Five thousand dollars.
Ten thousand dollars
Total
1895.
Tvventy dollars
Fifty dollars .
One hundred dollars
Five hundred dollars
One thousand dollars .
Five thousand dollars
Ten thousand dollars
Total
1896.
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Tea thousand dollars
Total
1897.
Twenty dollars
Fiftydollars
One hundred dollars
Fiye hundred dollars




Issued duringoyear.

Redeemed
Total issued. during year.

$2,880,000
2,200,000
2,000,000
2,000,000
4,000,000
11,350,000
24,620,000

$23,920,000
20,000,000
42,234,300
68,844,000
171,881,000
541,890,000
495,070,000

$1,905,628
1,600.145
1,533.800
1,734,000
2,152,000
13,950,000
22,680,000

49,050,000

1,353,839,300

45,555,673

4,240,000
1,000,000
2,400,000
2,200,000
3,300,000
6,680,000
43,700,000

28,160,000
21,000,000
44,634,300
61,044,000
-176,181,000
548,570,000
538,770,000

1,971,700
1,587,350
1,698,500
2,170,000
5,314,000
14,380,000
41,480,000

63,520,000

1,417,359,300

160,000
400,000
400,000
1,000,000
7,000,000
18,725,000
42,840,000

28,320,000
21,400,000
45,034, 300
62,0^4,000
182,181,000
667,295,000
681,610,000

2,260,800
1,748,900
2,379,800
2,512,000
7,871,000
14,616,000
35,000,000

70,625,000

1,487,884,300

66,387,500

20,000
50,000
4,660,000
8,340,000

28,320,000
21,400,000
45,054,300
62,094,000
182,181,000
671,955,000
589,950,000

13,070,000

Total
redeemed.
$11,966,626
10,956,795
30,121,000
47,502,600
148,819,500
507,490,000
439,440,000

Outstanding.
$11,953,474
9,043,205
12,113,300
11,341,600
23,061,500
34,400,000
56,630,000

1,196,296,321 157,642,979
13,938,226
12,544,145
31,819,500
49,672,500
154,133,500
521,870,000
480,920,000

14,221,774
8,456 855
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
16,199,026
14,293,045
34,199,300
62,184,600
162,004,600
536,486,000
515,920,000

12,120,974
7,106,955
10,835,000
9,869,500
20,176,500
30,810,000
66,690,000

1,331,285,371 156,698,929

2,843,340
19,042,366
1,982,600
16,275,646
3,456,300
37,655,600
4,027,500 ^ 56,212,000
7,893,000
169,897,500
17,600,000
553,935,000
39,120,000
655,040,000

9,277,634
6,124,366
7,398,700
6,882,000
12,283,600
17,970,000
34,910,000

1,500,954,300

76,822,740

1,408,108,111

92 846 189

28,320, 000
21,400,000
46,054,300
62,094,000
• 182,181,000
672,055,000
589,950,000

1,813.040
1.006,360
1,726,400
1,335,500
. 3,422,000
5,885,000
11,370,000

20,865,406
17,281,995
39,382,000
67,647,500
173,319,600
559,870,000
566,410,000

7,464,594
4,118,005
6,672,300
4,646,600
8,861,500
12,186,000
23,640,000

1,501,054.300

26,^8,290

1,434,666,401

66,387,899

50,000
50,000

28.320,000
21,400,000
45,074,300
62,094,000
182,181,000
572,105,000
690,000,000

1,266,640
460,600
688,200
302,600
981,000
4,810,000
9,530,000

22,121,046
17,742,695
40,070,200
67,850,000
174,300,600
564,680,000
575,940,000

6,198,954
3,667,405
5,004.100
4,244.000
7,880,600
7,425,000
14,060,000

120,000

1,501,174,300

18,037,940

1,462,704,341

48,469,959

893,220
23,014,266
559,660
18,302,246
790.400
40,860,600
58,296,500
446,500
1,487,000 ^ 176,787,500
566,100,000
1,420,000
580,850,000
4,910,000

5,306,734
3,097,755
4,213,700
3,797,500
6,393,600
6,020,000
13,990,000

100,000
100,000

20,000

'

16,000
4,840,000

28,320,000
21,400,000
46,074, S O
O
62,094,000
182,181,000
672,120,000
594,840,000

4,855,000

1,606,029,300

10,606,770

1,463,211, 111

42,818,189

10,000

28,330,000
21,400,000
46,074,300
62,094,000

385,120
289,200
396,700
293,000

23,399,386
18,591,446
41,257,300
68,689,600

4,930,614
2,808,655
3,817,000
3,504,500

200
No.

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

3 3 . — G O L D CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1890—Continued.
Issued dur
ing year.

Denomination.
1897,
One thousand dollars
Five thousand dollars
Ten thousand dollars

$176,489,600
666,560,000
582,370,000

$5,691,500
5,660,000
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
152,200
184,400
103,500
161,000
365,000
150,000

23,655,306
18,743,646
41,441,700
58,693,000
176,650,500
566,916, ood
582,520,000

4,674,694
2,656,355
3,632,600
3,401,000
5.630.600
6,205,000
12,320,000

1.606.039.300

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
694,840,000

183,730
118,000
149,100
116,500
160,000
436,000
1,960,000

23,839,036
18,861,645
41,590,800
68,809,600
176,810,500
567,310,000
584,520,000

4,490,964
2,538.355
3,483.500
3.284.600
5,370,500
4,810 000
10,320,000

1,506,039,300

3,122,330

1,471,741,481

34,297,819

63,590,000
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
696,036,000
660,950,000

2,584,640
1,248,800
1,488,'^00
1,109,000
1,630,000
3,265,000
12,500,000

26,423,676
20,110,445
43,079,000
59,918,500
178,440,500
570,575,000
597,020,000

55,496,324
20,389 555
21,155,300
9,925,500
31,440,500
25,460,000
63,930,000

217,325,000

1,723,364,300

23,825,640

36,960,000
2,900,000
6,400,000
2,100,000
3,900,000
6,000,000
67,310,000

118,880,000
43,400,000
70,634,300
71,944,000
213,781,000
601,036,000
718,260,000

9,064,140
2,712,260
2,992,100
1,524,000
1,907,000
1,720,000
33.490,000

114,570,000

1,837,934,300

63,409,490

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
603,036,000
761,000,000

16,704,800
4,127, 900
4,992,900
2,057,000
3,093,000
740,000
41,640,000

129,880,000

1,967,814,300

72,255,600

69,520,000
14,200,000
19,200,000
3,500,000
11,300,000
60,710,000

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
1,675,000
. 62,660,000

168,430,000

2,136,244,300

105,902,220

1,727,134,431 409.109,869

66,640,000
10.600,000
19,200,000
6,400,000
18,500,000
23,000.000
81,430,000

292,880,000
77,000,000
121,434,300
85,144,000
255,381,000
626,035,000
893,140,000

43,391,200
9,078,300
11,570,300
3,422,600
8,447,000
2,010,000
61,670,000

122,959,436 169,920,564
42,422,295
34,577,705
70,339,600
61,094,800
70,071,000
15,073,000
197,931,500
57,449,500
576,620; 000 49,416,000
776,380,000 116,760,000

214,770,000

2,361,014,300

129,589,300

1,856,723,731 494,290,569

$10,000

Total
1899,
Twenty dollars. •.
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total

i/

Total
1901.'
Twenty dollars
Fiftydollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total

Total
1903.
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total
1904.
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand d o l l a r s . . . .
Ten thousand dollars
Total




Outstanding.

$702,000
460,000
1,620,000

1898.
Twenty dollars
Fifty dollars
'One hundred dollars
Five hundred dollars .
One thousand dollars
Five thousand dollars
Ten thousand dollars

1902.
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

Total
redeemed.

$182,181,000
572,120,000
594,840,000

Total

. 1900,
Twenty dollars
Fifty dollars
One hundrecl dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

Redeemed
Total issued. during year.

.

•

1,495,567,121 227,797,179
35,487,816
22,822, 695
46,071,100
61,442,500
180.347,500
572,295,000
630,610,000

83,392,184
20,577,305
24,563,200
10.501.500
S3,433,500
28.740,000
87,750,000

1,648,976,611 288,967,689
51,192,616
26,950,595
51,064,000
63,499,500
183,440,500
673,035,000
672,050,000

115.527,384
25,249,405
31,970,300
12,744,500
42,140,600
30,ooo;000
88,950; 000

1,621,232,211 346,582,089
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

201

TREASURER.
No.

3 4 . — 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.
Issued dur- Total issued
ing year.

1893,

One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Total

$31,134,482.10
22,567,760.40
102,127,156.60
111,471,016.00
26,280,856,00
S, 264,860,00
4,289,120.00
253,600,00
171,000.00

544,130,000

55,569,995,00

242,590,249,00

301,639,751.00

9,320,000
4,644,000
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
207,164,000
94,066,000
16,250,000
19,740,000
16,350,000
26,690,000

11,389,274,00
7,868,255,00
21,697,432,00
19,766,485,00
8,199,620,00
792,100,00
885,400,00
497,000,00
733,000,00

32,054,791,90
19,790,494,60
38,570,275,60
96,669,469.00
65,664,764.00
10,387,240,00
13,336,280,00
13,893,500,00
24,052,000,00

29,066,208.10
19,233,605.40
110,069,724.60
110,584,531.00
28,401,236.00
5,862,760.00
6,403,720.00
2,456,500.00
2,638,000.00

629,034,000

71,728,566,00

314,318,815,00

314,715,185.00

12,872,000
7,424,000
23,660,000
26,160,000
23,040,000
6,900,000
10,700,000
100,000

73,992,000
46.448,000
172,300,000
232,314,000
117,106,000
23,160,000
30.440,000
16,350,000
26,790,000

14,625,433,00
9,627,668,00
31,298,010.00
25,153.780,00
7,378.440,00
1,046,950,00
1,306,100,00
1,275,600,00
1,345,000,00

46,680,224,90
29,318,162,60
69,868,285,50
121,723,249,00
73,043,204,00
11,434,190,00
14,642,380,00
15,169,000,00
25,397,000,00

27,311,775.10
17,129,837,40
102,431,714,60
110,690,75L00
44,062,796,00
11,715,810,00
15,797,620,00
1,181,000,00
1,393,000,00

738,890,000

92,956,881,00

407,275,696,00

331,614,304,00

10,696,000
7,696,000
27,000,000
27,280,000
22,800,000
5,700,000
8,600,000
100.000
100,000

84,688,000
54,144,000
199,300,000
259,594,000
139,906,000
28,850,000
39,040,000
16,450,000
26,890,000

15,162,942.00
8,803,138.00
35,429,910,00
30,657,010.00
10,639,600,00
3,224,800,00
6,634,400,00
622,000,00
665,000.00

61,833,166.90
38,121,300.60
105,298,196.50
152,380,259.00
83,682,804.00
14,668,990.00
20,276,780.00
16,691,000.00
26,062,000.00

22,854,833,10
16,022,699,40
94,001,804,50
107,213,741,00
56,323,196,00
14,191,010,00
18,763,220.00
769,000.00
828,000.00

848,862,000

110,628,800.00

12,828,0008,040,000
32,540,000
34,760,000
28,960,000
2,620,000
10,670,000

97,516,000
62,184,000
231,840.000
294,354,000
168,866,000
31,470,000
49,610, boo
16,460,000
26,890,000

13,401,604.00
8,696,326.00
38,889,920.00
37,362,030,00
16,433,620,00
3,664,500,00
5,107,000,00
276,000,00
306,000,00

75,234,770.90
46,817,626.60
144,188,115.50
189,742,289.00
100,016,424,00
18,313,490,00
25,383,780,00
16,967,000,00
26,368,000,00

22,281,229.10
16,366,373.40
87,661,884.60
104,611,711.00
68,849,676.00
13,156,610.00
24,226,220.00
483,000.00
622,000.00

130,318,000

Total

$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

109,972,000

One dollar
Two dollars .
Five dollars
Tea dollars
"
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars

$11,473,489,70
6,959,904.80
11,552,583.50
14,9.65,607.00
8,828,760.00
1,003,950.00
636,700.00
93,000,00
56,000,00

109,856,000

1892,

$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

979,180,000

124,127,000,00

642,031,496,00

337,148,604,00

18,856,000
10,304,000
36,680,000
27,960,000
19,200,000
1,320,000
850,000

116,372,000
72,488,000
268,620,000
322,314,000
188,066,000
32,790,000
50,460,000
16,450,000
26,890,000

13,895,523,00
9.003,322.00
36,069,175,00
34,228,110.00
20,844,720,00
3,574,250.00
5,511,900.00
140,000,00
157,000,00

89,130,293.90
55,820,948,60
180,257,290.60
223,970,399.00
120,861,144,00
21,887,740,00
30,895,680.00
16,107,000.00
26,626,000.00

27,241,706.10
16,667,061.40
88,262,709,50
98,343,601.00
67,204,856.00
10,902,260.00
19,564,320.00
343,000.00
366,000.00

115,170,000 1.094,350,000

123,424,000,00

766,466,496.00

328,894,504.00

800,000
2,600,000

^

One dollar
Two dollars
Five dollars
Ten dollars
. ..
Tvventy dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Total

Outstanding.

$14,700,000
9,280,000
28,100,000
39,000,000

Total
1891,

Total
redeemed.

84,904,000

1890,
OnedoUar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars

Redeemed
during year.

'94,480,000

Denomination,

617,904,496.00 : 330,967,604.00

1894,
One dollar
Two dollars .
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Total
1895,

One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars
Five hundred dollars
One thousand dollars
Total




202
No.

REPORT ON T H E F I N A N C E S .
3 4 . — S I L V E R CERTIFICATES OF EACH DJENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1890—Continued.
Issued dur- Total issued.
ing year.

Denomination,
1896.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars

. .

Total

$19,248,000
8,880,000
45,880,000
46,320,000
18,640,000
5,560,000
10,480,000

One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Total

21,436.000
12,416,000
51,620,000
46,640,000
25,920,000
7,200,000
13,200,000

157,056,000
93,784,000
366,020,000
414,270,000
232,626,000
45,550,000
74,140,000
16,450,000
26,890,000

178,432,000 1,426,790,000
1898.

One dollar
Two dollars
Five dollars
Ten dollars .
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Total

19,980,000
11,320,000
48,760,000
48,280,000
32,080,000
11,800,000
1,000,000
100,000
300,000

177,036,000
105,104,000
414,780,000
462,654,000
264,706,000
57,350,000
75,140,000
16,660,000
27,190,000

173,620,000 1,600,410,000
1899.

One dollar
Two dollars .
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Total

31,408,000
15,712,000
40,500,000
37,640,000
19,600,000
6,600,000

208,444,000
120,816,000
456,280,000
500,194,000
284.306,000
63,850,000
75,140,000
16,550,000
27,190,000

151,360,000 1,761,770,000
1900.

One dollar
Two dollars
Fi ve dollars
Ten dollars
. ..
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Total

38,368,000
21,088,000
48,110,000
43,720,000
5,200,000
3,800,000
6,400,000
100,000
5. 300.000.

Total
redeemed.

Outstanding,

$136,620,000 $17,049,336.00 $106,179,629.90 $29,440,370,10
81,368,000
9,758,844.00
65,579,792.60 15,788,207,40
314,400,000 40,167,740.00
220,425,030.50 93,974,969.50
367,634,000 37,715,320.00
261,685,719.00 105,948,281.00
206,706,000 23,605,360,00
144,366,504,00 62,359,496.00
12,114,660,00
38,350,000
26,235,340.00
4,347,600,00
60,940,000
38,409,980,00
22,530,020,00
7,514,300,00
16,209,600,00
240,500,00
16,450,000
102,500,00
26,890,000
26,647,000,00
122,000,00
243,000,00

164,008,000 1,248,358,000
1897.

Redeemed
during year.

246,812,000
141,904,000
503,420,000
643,914,000
289,606,000
67,650,000
81,540,000
16,650,000
32,490,000

172,116,000 1,923,886.000

140,283,000,00
19,812,166,00
10,081,633,00
43,858,735,00
39,295,755,00
21,031,486,00
4,300,675,00
7,070,650.00
63,000.00
58,000.00

906,738,496,00

125,991,795.90
31,064,204,10
75,661,325. 60 18 122 674,40
264,283,765.50 101,736,234,60
300,981,474,00 113,292,526.00
165,397,990,00 67,228,010.00
30,536,015,00 15,013,985,00
46,480,630,00 28,659,370,00
16,272,500.00
177,500,00
26,705,000.00
185,000,00

145,572,000.00 1,051,310,496.00
20,142,265,00
10,666,860,00
41,118,885,00
36,999,060,00
18,166,180.00
3,969,750.00
20,163,500.00
101,600.00
216,000.00

342,619,604,00

375,479,604,00

146,134,060,90
86,328,185.60
305,402,650.50
336,980,634.00
183,563,170.00
34,505,765.00
65,644,130,00
16,374,000.00
26,921,000.00

30,901,939,10
18 775 814 40
109,377,349,50
125,573,466,00
81,142,830,00
22,844,235,00
9,495,870,00
176,000.00
269,000,00

150,643,000.00 1,201,853,496,00

398,556,604,00

21,668,208.00
11,495,395.00
42,982,197.00
37,100,595.00
20,049,880.00
6.378,125.00
4,080,100.00
62,500.00
114,000.00

167,702,268,90 40,741,731.10
97,823,680,60 22,992,419.40
348,384,847,60 106,895,152,50
374,081,129,00 126,112,871,00
203,613,060,00 80,692,950.00
40,883,890.00
22,966,110.00
69,724,230,00
6,415,770,00
16,436,600,00
113,500,00
27,035,. 000,00
156,000,00

143,831,000,00 1,346,684,496,00
26,887,693,00
13,241,736,00
41,030,180,00
36,776,520,00
20,980,800,00
10,974,526,00
8,084,650.00
100,500.00
4,111,000.00

406,085,604,00

194,589,961,90
111,065,316,60
389,415,027.60
410,856,649,00
224,593,850,00
61,858,415.00
77,808,780,00
16,537,000,00
31,146,000,00

52,222,038,10
SO,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

162,186,504.00 1,507,871,000,00

416,015,000.00

232,744,219,90
130,868,468,60
441,131,107.50
454,992,159.00
243,681,350.00
68,831,615.00
78,722,080.00
16,567,000,00
32,186,000,00

59,355,780,10
36,499,531.40
176,708,892. 50
106,601,841.00
45,824,650,00
8,818,385.00
2,817,920.00
83,000,00
304,000,00

181,853,000.00 1,689,724,000,00

435,014,000,00

1901.

One dollar
Two dollars
Five dollars
Ten dollars
Tvventy dollars
Fiftydollars
One hundred dollars . . .
Five hundred dollars
One thousand dollars . .
Total




45.288.000
25,464,000
113,420,000
16,680,000

292,100,000
167,368,000
616,840,000
560,694,000
289,606, 000
67,650,000
81,540,000
16,650,000
32,490,000

200,852,000 2,124,738,000

38,154,258.00
19,803,162.00
51,716,080.00
44,135,610.00
19,087,500.00
6,973,200.00
913, 300.00
SO,000.00
1.040.000.00

203

TREASURER.
No.

3 4 . — S I L V E R CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R FROM 1890—Continued,
Issued duri n g y e a r . T o t a l issued.

Redeemed
during year.

Total
redeemed.

$69,676,000
31,072,000
141,800,000
2,960,000

$61,337,586.00
27,694,254,00
83,880,680.00
37,377,730,00
12,722,300,00
2,793,650,00
597,300,00
13,500,00
108,000,00

$284,081,805,90
158,562,722.60
525,Oil, 787,50
492,369,889,00
256,403,650.00
61,625,265,00
79,319,380,00
16,580,600,00
32,294,000,00

$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

235,608,000 2,360,246,000

216,525,000,00 1,906,249,000,00

453,997,000.00

75,612,000
38,016,000
157,420,000
1,960,000

64,006,Oil, 00
33,303,089,00
127,023,145.00
26,191,330.00
9,555,200.00
1,723,625.00
427,600,00
12,000,00
57,000,00

348,087,816,90
191,865,8U, 60
652,034,932,50
518,561, 219,00
266,958,850,00
63,348,890.00
79,746,980,00
16,692,500.00
32,351,000,00

79,300,183.10
44,690,188.40
264,025,067. 50
46,952,781.00
23,547,150.00
4,301,110.00
1,793,020.00
57,500,00
139,000.00

273,008,000 2,633,264,000

Denomination.

262,299,000,00 2,168,548,000.00

464,706,000.00

81,320,000
508,708,000
41,016,000
277,472,000
178,080,000 1,094,140,000
9,000,000
574,614,000
1,360,000
290,866,000
1,800,000
69,450,000
81,640,000
16,660,000
32,490,OQO

79,913,407,00
40,414,738.00
160.263,175.00
17,851,850,00
6,876,630,00
1,125,300,00
320,000,00
10,000,00
31,000,00

428,001,223,90
232,280,549.60
812,298,107.50
636,413, 069.00
272,835,380.00
64,474,190.00
80,066,980.00
16,602,600.00
32,382,000.00

80,706,776.10
45,191,450.40
281,841,892.50
38,100,931.00
18,030,620.00
4,975,810.00
1,473,020.00
47,500.00
108,000.00

312,676,000 2,946,830,000

306,806,000,00 2,475,354,000.00

470,476,000.00

Outstandmg,

f

1902,
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

$361,776,000
198,440,000
768,640,000
563,554,000
289,506,000
67,650,000
81,540,000
16,660,000
32,490,000

1903,
One dollar
Two dollars
Five dollars
Ten dollars
Tvventy d o l l a r s
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
Total

427,388,000
236,466,000
916,060,000
565,614,000
289,606,000
67,650,000
81,540,000
16,650,000
32,490,000

1904,
One dollar
Two dollars
Fiv^e d o l l a r s
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
Total




204
No,

REPORT ON THE

FINANCES.

3 5 . — C U R R E N C Y CERTIFICATES OF E A C H DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF E A C H FISCAL Y E A R FROM 1890.
Issued during year.

Denomination.
1890.
Five thousand dollars
Ten thousand dollars

Total
1896,
Five thousand dollars.
Ten thousand dollars
Total
1897,
Five thousand dollars
Ten thousand dollars
Total
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,
Five thousand dollars
Ten thousand dollars
Total .. i
1902,
Five thousand dollars
Ten thousand dollars
Total

. .

28,285,000

889.906,000

12,390,000

102,435,000
839,300,000

150,000
27,900,000

102,136,000
815.820,000

300,000
23,480,000

941,735,000

28,050,000

917,955,000

23,780,000

102,435,000
910,100,000

10,000
64,150,000

102,145,000
879,970,000

290,000
30,130,000

70,800,000 1,012,635,000

64,160,000

982,115,000

30 420 000

50,000
60,600,000

102,195,000
940,670,000

245,000
12,160,000

60,660,000 1,042,765,000

12,405,000

102,630,000
190,000
78,400; 000 1,031,130,000

1894,
Five thousand dollars
Ten thousand dollars

902,295,000

42,635,000 1,055,170,000

Total

$450,000
11,940,000

6,000
42,630,000

. .

$101,986,000
787,920,000

70,800,000

1893.
Five thousand dollars
Ten thousand dollars

$95,000
28,190,000

39,440,000

1892,
Five thousand dollars
Ten thousand dollars

$102,435,000
799,860,000

39,440,000

Total

1895.
Fiv^e t h o u s a n d d o l l a r s
Ten thousand dollars

Outstanding.

23,480,000

1891.
Five thousand dollars
Ten thousand dollars

• Total

Total
redeemed.

$23,480,000

Total

Total

Redeemed
T o t a l issued. d u r i n g y e a r .

40,000
30,920,000

102,235,000
971,490,000

395,000
59 640,000

78.590.000 1,133,760,000

30,960,000 1,073,725,000

60,036,000

20.000
102,650,000
67.560,000 1,098,690,000

120,000
102,365,000
71,700,000 1,043,190,000

295 000
66,600,000

67,580.000 1,201,340,000

71,820,000 1,146,545,000

55,795,000

1,840,000
104,490,000
70,970,000 1,169,660,000

104,290,000
1,935,000
94.460,000 1,137,650,000

200,000
32,010,000

72,810,000 1,274,150,000

96.395,000 1,241,940,000

32,210,000

1,390,000
106,880,000
104,710,000 1,274,370,000

390,000
104,680,000
75,580.000 1,213,230,000

1 200 000
61,140,000

106,100,000 1,380,250,000

75; 970,000 1,317,910,000

62,340,000

55,000
105,935,000
53,100,000 1,327,470,000

400.000
106,080,000
88,490.000 1,301,720,000

855,000
25,750,000

53,155,000 1,433,406,000

88,890,000 1,406,800,000

26,605,000

106,936,000
•30,800,000 1,368,270,000

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

21,365,000

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 1,473,626,000

27,070,000 1,469,920,000

3 705 000

105,935.000
1,367,690,000

35,000
105,935,000
3,670,000 1,367,690,000

1,473.625,000

3,705,000 1,473,625,000

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

NOTE,—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.




205

TREASURER.

N o . 3 6 . — A M O U N T OP 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 FROM. 1890.
Denomination,

Issued dur- Total issued. Redeemed
ing year.
during year.

Total
redeemed.

Outstanding.

1890,
One dollar
Tvvo dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

$14,916,000 $235,704,160 $12,111,664.40 $201,277,324,70
9,496,000 216,187,048 7,664,319.60
190.756,408,80
48,120,000
614,381,760 32,177,160.00
354,624,219,50
576,085,240 30,859.060. 00 374,203,424,00
58,720,000
472,268,400 24,021,284.00
34,240,000
322,547,720.00
156,265,200
4,800,000
122,504,735,00
7,184,110.00
8.000,000 209,078,300
7,854,970. 00 160,161,630.00
235,246,500.00
3,400,000 268,170,000
6,398,000.00
494,999,000 14,357,000.00
455,228,500.00
4,000,000
664,325,000 14,056,000. 00 629,450,000,00
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
39,770,500,00
34,876,000,00
67,580,000,00

Total
Unknown destroyed

245,142.000 5,132, 394,108 207,542,668.00 4,313,240,362,00
1,000,000,00

819,153,746,00
1,000,000 00

246,142.000 5,132,394,108 207,542,568.00 4,314,240, 362.00

818,163,746.00

One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollais
irive hundred dollars
One thousand dollars
]:<'ive thousand dollars
Ten thousand dollars

13,462.417
249,156,577 11,907,394.00
213,184,718.70
8.576.000 224,763,048
8,316,160,00
199,072,568,80
670,641,760 38,424,642,00 '392,948,861,50
56.260,000
631,965,240 38,544,200,00
65.880,000
412,747,624.00
515,388,400 28,082,620,00
43.120.000
350,630,340,00
6,200,000 162,066,200
128,903,035,00
6,398,300.00
223,478,300
14,400,000
168,826,830,00
8,675,300.00
6,500,000 . 264,070,000 6,617,600.00 240,864,000,00
466.138,500.00
17,300,000
512,299,000 10,910,000.00
643,990,000,00
6,680,000 671,006,000 14,540,000.00
83,140,000 1,418,070,000 69,380,000.00 1,336,730,000,00

35,971|858,30
25,690,479,20
177,692,898,60
219,217,616,00
164,768,060,00
33,162,165,00
54,661,470,00
23,206,000,00
46,160,500,00
27,015,000,00
81,340,000,00

Total . . .
Unknown, destroyed

310,508,417 5,442,902,625 240,796,116,00 4,554,036,478,00
1,000,000,00

888,866,047,00
1,000,000.00

310,508,417 5,442,902,625 240,796,116,00 4,556,036,478,00

887,866,047.00

Net
1891,

Net

1892,
18,328,424
One dollar.. .
267,485,001
14,662,000
239,315,048
'Two dollars
67,760,000
628,401,760
Five dollars
59,800,000
Ten dollars
691,765,240
44,080,000
559,468,400
I.'wenty dollars
9,000,000 171,065,200
Fifty dollars
17,270,000
240,748,300
One hundred dollars
6,520,000 270,590,000
Five hundred dollars
630,199,000
17,900,000
One thousand dollars
689,730,000
18,725,000
Five thousand dollars
Ten thousand d o l l a r s . . . . . 113,640,000 1,631,710,000

. Net
1893,

One dollar
TWO dollars
Five dollars
Ten dollars
^Hventy dollars
Fiftydollars
/ One' hun dred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
Total
Unknown, destroyed
Net

37,635,805.30
28,887,325.20
187,272,518.60
233,915,086.00
180,365,500.00
36,692,916,00
62,770,670,00
23,560,000,00
50,981,500,00
31,115,000.00
95,830,000,00

377,575,424 5,820,477,949 298,415,151,00 4,852,451,629,00
1.000.000,00

968,026,320,00
1,000,000,00

377,575,424 6,820,477,949 298,415,151,00 4,853,451,629.00

Total .
Unknown, destroyed

16,664,477.1)0
229,849,195,70
11,365,154,%
210,427,722.80
48,180,380,00
441,129,241,50
45,102,-530.00
457,850,164,00
28,472,660,00
379,102,900.00
6,469,250,00
135,372,285,00
177,977,630.00
9,160,800.00
6,166,000.00 247,030,000.00
479,217,600,00
13,079,000,00
658,615,000,00
14,625,000,00
99,150,000,00 1,435,880,000,00

967,026,320,00

19,759,922.00
249,609,117,70
13,764,528.00 224,192,260.80
60,872,390,00
502,001,63L50
60,639,100.00
618,489,264.00
43,829,300.00
422,932,200.00
145,316,836,00
9,944,550.00
197,719,830.00
19,742,200.00
7,003,500,00 254,033,500.00
507,369,500.00
28,162,000.00
676,166,000,00
17,650,000,00
99,720,000,00 1,535,600,000,00

39,649,989,30
31,234,797,20
193,140,128,60
242,235,986,00
187,416,200,00
34,648,365,00
67,248,470,00
22,886,600.00
67,509,500.00
18,230,000,00
47,080,000,00

344,031,106 6,164,609,056 380,977,490.00 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

289,169,107
21,674,106
255,427,048
16,112,000
696,141,760
66,740,000
760,725,240
68,960,000
610,348,400
50,880,000
8,800,000 179,865,200
254,968,300
14,220,000
. 6,330,000 276,920,000
34,680,000 664,879,000
694,395,000
4,666,000
60,970,000. 1,682,680,000




206

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

N o . 3 6 . — A M O U N T OF UNITED STATES NOTES, TREASURY NOTES, AND GOLD, SILVER
AND CURRENCY CERTIFICATES, OP EACH DENOMINATION ISSUED, ETC.—Cont'd.

Denomination,
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
Five n u n d r e d dollars .
One thousand dollars
Five thousand dollars
Ten thousand dollars

Issued dure e
d
T o t a l issued. dR r idneg m e a r .
u
ye
ing year.

Total
redeemed.

Outstanding.

$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
17,068,500.00
90,910,500.00
12,595,000.00
83,190,000.00

361,759,190 6,516,268,246 319,002,290.00 5,652,431,409,00
1,000.000,00

963,836,836.00
1,000 000,00
962,836,836,00

22,558,462,00
293,467,628.70
16,472,123,00
256,212.069.80
66,170,215.00
639,936,121.60
66,413,790,00
658,352,144.00
48,307,300,00
519,185,120.00
160,427,035.00
7,568,650,00
222,163,230.00
12,651,400,00
263,055, 500.-00
3,204,000,00
533,206,500.00
10,318,000,00
687,020,000.00
4,930,000,00
1,659,120,000.00
81,230,000,00

41,477,651,30
27,968,978.20
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 6,891,146,349.00
1,000,000.00

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

$309,072,297 $21,300,049,00 $270,909.166,70
267,923,048 15,547,696,00
239.739.946,80
748,021,760 71,764,275.00
573,765. 906,50
821,885,240 73,449,100.00
591.938. 354.00
662,428,400 47,945,620.00
470.877,820.00
185,325,200
152,868, 385.00
7,551,550.00
275,128,300 11,892,000.00
k09,611,830.00
276,920,000
259,851,500.00
5,818,000.00
613,799,000 15,519,000.00
48.920.000
522,888,500.00
694,685,000
290,000
682,090,000.00
5,925,000.00
78,400,000 1,661,080,000 42,290,000.00 1,677.890,000,00

351,769,190 6,516,268,246 319,002,290,00 5.553.431,409.00

Total
."
Unknown, destroyed

$19,913,190
12,496,000
52,880,000
61,160.000
52,080,000
5,460,000
20,160.000

925,928,879.00

1895.
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 t h o u s a n d dollars
Total
U n k n o w n , destroyed
Net

26,872,983
15,248,000
74,920,000
55,440,000
35,840,000
2,855,000
3,110,000

334,946,280
283,171,048
822,941,760
877,325,240
698,268,400
188,180,200
278,238,300
276,920,000
634,639,000
20,840,000
694,755,000
70,000
1,728,690,000
67,610,000

1896.
One dollar
T w o d o l l a r s ..''
Five dollars
Ten dollars
Tw^entv d o l l a r s
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

362,380,160
299,707,048
906,081,760
957,605,240
724,988,400
197,540,200
296,718,300
276,920,000
640,779,000
6,140,000
696,610,000
1,855,000
1,804,500,000
76,810,000
27,434,880
16,536,000
83,140,^00
80,280,000
26,720,000 •
9,360,000
18,480, 000

Net

44,183,866,30
28,912,328,20
194,502,053,60
230,387,606.00
159,200,700.00
28,968,665.00
67,978,270.00
10,753,000.00
87,880,500.00
6,235, 000.00
46,010,000.00

345,755,880 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

345,755,880 7,163,830,108 377,672,770,00 6,269,818,119.00

•Total
U n k n o w n , destroA'^ed

24,728,666,00
318,196,293.70
15.582,-650,00
270,794,719,80
71,643,585,00
711,579,706,60
68,865;490,00 "727,217,634.00
46,602,680,00
565,787,700.00
8,144,600,00
168.671.635,00
16,576,800.00
238,740,030,00
14,750,600,00
266,167,000,00
8,053,000,00
652,898,500.00
3,355,000,00
690,375,000,00
99,370,000.00 1,758,490,000,00

894, Oil, 989,00

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
Five h u n d r e d 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
35,210,000
•760,198,400
10,800,000
208,340,200
15,450,000
312,168,300
11,100,000
288,020,000
11,420,000
652,199,000
1,390,000
698,000,000
104,710,000 1,909,210,000

27,540,974. 00
345,737,267.70
16,378,326,00
287,173,045.80
72,555,727, 00
784,135,433.60
67,393,719,00
794,611,353.00
39,671,124,00
606,468,824.00
6,721,450,00
176,292,985,00
13,154,700,00
251,894,730,00
2,068,000,00 ' 268,235,000,00
7,276,000,00
560,174,500,00
850,000,00
691,225,000,00
77,100,000,00 1,835,690,000,00

46,922,892,30
29.902.002,20
195,386,326.50
227,673.887,00
154,739, 576,00
S3,047,215,00
60,273,670.00
19,785, 000,00
92,024,500,00
6,775,000,00
73,620,000.00

Total
Unknown, destroyed

374,848,000 7,638,678,108 330,710,020,00 6,699,528,139,00
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

Net..




207-

TREASURER.

N o . 3 6 . — A M O U N T OF UNITED STATES NOTES, TREASURY NOTES, AND GOLD, SILVER,
AND CURRENCY CERTIFICATES, OF EACH DENOMINATION ISSUED, ETC.—Cont'd.
Issued durRedeemed
i n g y e a r . T o t a l issued. d u r i n g y e a r .

Denomination.
1898.
One dollar
Two dollars
Five dollars
Te]i d o l l a r s
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
O n e t h o u s a n d dollars
Five thousand dollars
Ten thousand dollars

Total
redeemed.

Outstanding.

..

Net

$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 0,937,885,169.00
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

Total
.
.
Unknown, destroyed

$31,936,000 $423,596,160 $28,567,670.00 $374,304,937.70
303,840,275,80
18.448,000
335,523,048 16,667,230. 00
850,969,268,50
V5,700,000 1,055,221,760 66,833,835. 00
853,013,153.00
66,560,000 1,088,845,240 68,401,800. 00
637,863, 334.00
41,440,000
801.638.400 32,404,510.00
180,856,360.00
13.100,000
221,440,200
5,563,375.00
275,864,830,00
4,250,000
316,418,300 23,970,100.00
269,881,500,00
288,820,000
1,646,600.00
800,000
575,081,500.00
657,487,000 14,907,000.00
5,288,000
691,980,000.00
698,055,000
765,000.00
55,000
53,100,000 1.962,310,000 88,640,000.00 1,924,230,000.00

910,469, 949.00

1899.
One dollar
Tvvo d o l l a r s
Fivedollars
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 thousand dollars
Ten t h o u s a n d dollars

37,868,000
461,464,160
20,368,000
355,891,048
81,700,000 1,136,921,760
72,720,000 1,161,565,240
44,880,000
846,518,400
8,000,000
229.440,200
2,800,000
319,218,300
2,100,000
290.920,000
40,000
657,527.000
698,065,000
30,800,000 1,993,110,000

31,644,636.00
405,949,573,70
18,104,627.00
321,944,902,80
72,595,647,00
923,564,816, 50
62,325,156, 00
915,338,308,00
35,314,840,00
673,178,174,00
190,185,285.00
9,328,925.00
284,732, 930.00
• 8,868,100,00
275,226,000.00
5,344, 500,00
602,918,500.00
27,837,000,00
692,825,000.00
845,000,00
37,600,000,00 1,961,830,000. 00

55,514,586. 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

Net

301,276,000 8,150,631,108 309,808,330.00 7,247,693,489.00
1,000,000,00

902 937 619 00
1,000,000,00

301,276,000 8,160,631,108 309,808,330,00 7,248,693,489,00

Total
Unlcnown, destroyed

901,937,619,00

1900.
One dollar
."
Two dollars
Five dollars
Ten dollars
Twentv 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
Total
U n k n o w n , destroyed
Net

38,416,000
499,880,160
22,584,000
378,476,048
80,060,000 1,216,981,760
78,960,000 1,240,525,240
73,030,000
919,548,400
24,900,000
254,340,200
29,760,000
348,978.300
8,360,000
299,270,000
40,040,000
697,567,000
23,915,000
721.970,000
75,530,000 2,068,640,000

34,118,332,00
.440,067, 905. 70
18,821,002,00
340,765,904.80
75,202,510.00
998,767,325.50
64,953,680.00
980,291,988.00
40,407,750. 00
713,585,924.00
14,290,300.00
204,475,585.00
15,043, 600.00
299,776, 530.00
278,396,260.00
3,170,250.00
621,333,500.00
18,415,000.00
696,460,000.00
3,635,000.00
39, 200,000.00 2,001,030,000.00

69,812,254,30
37,709,143.20
218,214,434.50
260,233,252.00
206,962,476.00
49,864,616.00
49,201, 770.00
20,873,750.00
76,233,500,00
25,510,000,00
67,610,000,00

496,645,000 8,64.6,176,108 327,257,424,00 7,674,950,913.00 1,071,225,195,00
1,000,000.00
1,000,000,00
495,646,000 8,646,176,108 327,257,424,00 7,576,950,913. 00 1,070,226,195.00

1901,
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 thousand dollars
Ten thousand dollars

45,288,000
645,168,160
25,464,000
403,939,048
113,420,000 1,330,401,760
79,960,000 1,320,485,240
47.360,000
966,908,400
4.100,000
268,440,200
11.100,000
360,078,300
5,200,000
304,470,000
12,900,000
710,467,000
5,000,000
726,970,000
57,310,000 2,126,960,000

Total
U n k n o w n , destroyed

407,102,000 9,063,278,108 358,891,490,00 7.933,842,403.00 1,119,435,706,00
1,000,000.00
1,000,000.00

Net

41,519,193,00
481,587,098.70
22,986,412.00
363,751,316.80
1,086,762,610,50
87,996,286.00
80,628,800.00 1,060,820,788.00
760,982,824.00
47,396,900.00
216,689,485.00
12,113,900,00
9,333,000,00
309,109,530.00
3,099,000,00
281,495,260.00
16,000,000,00
636,333,500,00
1,760,000,00
698,220,000,00
37,160,000,00 2,038,190,000.00

63,581.061. ao
40.187,731.20
243,639,149.60
259,664,452,00
205,925,576,00
41 850,716,00
50,968, 770,00
22,974,750.00
74,133,500.00
28,750,000.00
87,760,000,00

407,102,000 9,053,278,108 368,891,490,00 7,934,842,403.00 1,118,435,705.00




208
No.

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

3 6 . — A M O U N T OF UNITED STATES NOTES, TREASURY NOTES, AND GOLD, SILVER,
AND CURRENCY CERTIFICATES, OF EACH DENOMINATION ISSUED, ETC.—Cont'd.
Denomination.

Issued dur- Totalissued. Redeemed
ing year.
during year.

Total
redeemed.

Outstanding,

1902.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars.
One hundred dollars
Fivehundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

$59,676,000
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

Total
Unknown destroyed

466,908,000 9,520,186,108 408,083,600,00 8,341,926,003,00 1,178,260,106,00
1,000,000,00
1,000,000,00

Net

$604,844,160
435,Oil, 048
1,472,201,,760
1,424,565,240
1,014,748,400
267,240.200
372,478,300
309,170,000
722,267,000
728,970,000
2,168,690,000

$62,457,502.00 $534,044,600,70
392,619,759,80
28,868,443.00
112,494,045.00 1,199,256,655,50
86,417,220,00 1,147,238,008,00
46,998,990,00
806.981,814,00
9,708,350,00 226.297.836.00
10,600,800.00
319,610.330,00
6,602,250,00 287,097,500,00
13,756,000,00
660,089,500,00
740,000,00
698,960,000,00
41,540,000,00 2,079,730,000,00

$70,799,659,30
42,391,288,20
272,945,104.50
277,327,232.00
207,766,586.00
. 40,942,365,00
62,867,970,00
22,072,600,00
-72,177,500,00
30.010.000,00
88,960,000.00

466,908,000 9,620,186,108 408,083,600,00 8,342,926,003.00 1,177,260,106,00
1903.

One dollar
Tvvo dollars
Five dollars
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

75,612,000
680,466,160 64,391,738,00
598,436,338.70
38,016,000
426,318,739.80
473,027,048 33,698,980,00
157,420,000 1,629,621,760 143,090,702,00 1,342,347,357,50
111,560,000 1,536,125,240 100,108,030.00 1,247,346,038.00
69,620,000 1,084,268,400 53,074,420,00
860,056,234,00
14,200,000
237,339,535,00
281,440,200 11,041,700,00
19,200,000
391,678,300 13,626,650,00
333,236,980.00
3,500,000 312,670,000
4,718,000,00 291,816,500.00
11,300,000
733,567,000 10,573,000,00
660,662,500.00
1,675,000,00 700,536,000.00
728,970,000
50,710,000 2,219,400,000 52,660,000,00 2,132,390,000.00

Total
Unknown destroyed

551,038,000 10,071,224,108 488,558,220.00 8,830,484,223.00 1.240,739,885,00
1,000,000,00
1,000,000,00

82,019,82L30
46,708,308.20
287,274,402,50
288,779,202.00
224,212,166.00
44,100,665,00
58,441,320.00
20,854,600.00
72,904,500,00
28 435 000 00
87,010,000,00

551,038,000 10,071,224,108 488,668,220,00 8,831,484,223,00 1,239,739,885,00

Net^.
1904.

81.320,000 761,776,160 80,084,609,00
678,520,947,70
One dollar
41.016,000
466,904,095.80
514,043,048 40,685,356,00
Two dollars
178,080,000 1,807,701,760 168,590,970,00 1,610,938,327,50
Five dollars
117,440,000 1,653,6'65,240 117,223,940.00 1,364,669,978,00
Ten dollars
.. .
63,920,000 1,148,188,400 61,967,450,00
922,023,684,00
Twenty dollars
13,200,000
294,640,200 11,902,075,00
249,241,610,00
Fifty dollars
21,010,000
412,688,300 15,423,900.00
348,660,880.00
One hundred dollars.:
8,400,000 321,070,000
4,440,000.00 296,255,500,00
Five hundred dollars
754,777,000 11,442,000.00
One thousand dollars . . . . . 21,210,000
672,104,500,00
23,000,000
2,010,000.00 702,545,000,00
Five thousand dollars
761,970,000
81.430,000^ 2,300,830,000 61,670,000.00 2,184,060,000,00
Ten thousand dollars

83,256,212,30
47,138,952.20
296,763,432.50
288 995,262,00
226,164,716,00
45 398,690,00
64,027,420,00
24,814,500,00
82,672,500,00
49,426.000.00
116,770,000,00

Total
650,026,000 10,721,260,108 565,340,300.00 9,395,824,523.00 1,325,425,585.00
Unknown, destroyed......
1,000,000,00
1,000,000,00
Net




650,026,000 10,721,250,108 565,340,300,00 9,396,824.523,00 1,324,425,585.00

209

TREASURER.
N o . 37.-

-AMOUNT OF P A P E R CURRENCY OF EACH DENOMINATION
THE CLOSE O F E A C H F I S C A L Y E A R F R O M 1890.

Denomination.

Legal-tender
notes.

Certificates.

OUTSTANDING AT

National-bank
notes.

Total.

1890.
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..

$3,292,363
2,872,879
67,730,384
90,410,800
111,486,360
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
186,310
52,014,270
59,544,070
45,516,840
10,276,900
. 17,671,600
192,500
50,000

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

185,722,978

1,003,886,724

OnedoUar
Two dollars
Five dollars
Ten dollars
Tw enty dollars
Fifty dollars
One hundred dollars . .
Five hundred dollars..
One thousand dollars..
Five thousand dollars .
Ten thousand dollars,.

6,906,660
6,466,974
67,623,174
108,633,085
122,135,050
18,843,550
36,432,960
9,378,000
22,476,000
16,000
10,000

29,066,208
19,233,506
110,069,725
110,584,631
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
47,667.685
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
206,672,060
42,329,966
70,671,670
23,382,500
46,202,500
27,016,000
81,340,000

Total
Unknown, destroyed . .

397,909,433
1,000,000

490,956,614

167,550,906

1,056,416,953
1,000,000

396,909,433

490,956,614

167,650,906

1,065,416,963

One dollar
Two dollars
Five dollars
Ten dollars
Tvventy 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
12,519,600
29,412,000
15,000
10,000

27,311,776
17,129,837
102,431,716
110,690,751
66,183,770
18,822,766
26,632,620
11,040,500
21,669,500
31,100,000
95.820,000

363,387
178,978
49,690,990
54,547,000
41,314,900
9,256,300
16,850,300
161,000
37,000

37,999,192
29,066,303
236,963,609
288,462,086
221,680,400
44,949,216
79,620,970
23,721,000
51,018,500
31,116,000
95.830,000

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

1,139,426,176

One dollar
Two dollars
Five dollars
"...
Ten dollars
Tvventy dollars . . , . . ' . . .
Fifty dollars
One hundred dollars...
Five hundred dollars..
One thousand dollars..
Five thousand dollars .
Ten thousand dollars..

16,695,166
15,212,098
99,138,324
136,022,246
121,815,370
15,233,000
31,086,550
16,246,500
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
13,111,600
18,216,000
47,070,000

359,690
176,102
51,354,365
56,998,170
42,650,380
9,318,700
17,414,100
146,000
33,000

39,909,679
. 31,410,899
244,494,484
299,234,166
229,966,580
43,867,066
74,662,570
23,032, 500
67,642,500
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

Net

$34,798,323
26,616,949
211,871,811
261,425,886
195,237,620
44,037,365
66,498,370
23,116,000
39,820,500
34,875,000
67,690,000

1891.

Net
1892,

Net
1893.

Net

Fl 1904-

-14




1,108,430,333

210

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

No. 37.

-AMOUNT OF P A P E R CURRENCY OF EACH DENOMINATION OUTSTANDING AT
THE CLOSE OF EACH FISCAL Y E A R FROM 1890—Continued.

Denomination.

Legal-tender
notes.

Certificates,

National-bank
notes.

Total,

1894,
One dollar
Two dollars.
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars..
Five hundred dollars.
One thousand dollars..
Five thousand dollars
Ten thousand dollars.

$15.881,901
12,816,728
86,603,969
125,335,175
115,236,410
15,182,300
35,617,950
12,039,000
81,527,000
15,000
10,000

$22,281,229
15,366,373
87,651,885
104,611,711
76,314,170
17,274,515
29,898,620
• 6,029,500
9,383,500
12,680.000
83.180.000

$357,050
174,282
61,610,485
66.006.800
48,685,320
10,274,550
19,680,800
133,500
32,000

$38,520,180
28,357.383
235.-766,339
295,953,686
240,235.900
42,731,366
85,197,270
17,202,000
90,-942,600
12,595,000
83,190,000

Total
Unknown, destroyed..

600,266,433
1,000,000

463.671,403

206,864,787

1,170,691,623
1, OOO, 000

499,265,433

463,571,403

206.854,787

1,169,691.623

One dollar
Twodollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars..
Five hundred dollars.
One thousand dollars.
Five thousand dollars
Ten thousand dollars.

14.236,945
11,291,927
94,742,929
120,629,495
105,679,470
13,193,500
31,506,650
9,-277,500
93,187,000
16,000
10,000

27,241,706
16,667,051
88,262.710
98,343,601
7/3.403.810
14.559,665
24,568,420
4,587,000
8,245,500
7,720,000
69.660,000

354,573
172,254
64, 369,860
66,408,266
48,960,824
10,527,i650
20,437,500
127,000
29,000

41,832,224
28,131,232
247,376,499
285,381,362
228,044,104
38,280,815
76,512,670
13,991,500
101,461,500
7,735,000
69,570,000

Total
Unknown, destroyed .

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

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.,

14,743,496
13,124,121
100,527,084
124,439, 325
91,555,470
13,756,260
31,234,550
6,715,000
81,244,000
15,000
10,000

29,440,370
15,788,207
93,974,970
105,948,281
67,645,230
15,212,415
26,743,720
4,038,000
6,636,500
6,220, 000
46,000,000

353,392
171,238
70,959,130
69,223.410
51,447; 180
11,137,100
22,085,700
122,000
28,000

44,537,258
29,083,566
265,461,184
299,611,016
210,647,880
40,105,765
80,063,970
10,875,000
87,908,600
6,235,000
46,010,000

Total
Unknown, destroyed.

477,364,296
1,000,000

417,647,693

225,627,150

1,120,539,139
1,000,000

476,364,296

417,647,693

226,527,160

1,119,539,139

One dollar
Twodollars
Five dollars
,
Ten dollars
Twenty dollars
Fiftydollars
One hundred dollars..
Five hundred dollars.
One thousand dollars.
Five thousand dollars
Ten thousand dollars.,

14,858,688
11,779,328
92,650,092
114,381,361
82,680,952
15,224,676
27,797,200
16,103,000
87,148,000
16,000
10,000

. 31,064,204
18,122,674
101,736,235
113,292,526
72,168,624
17,822,640
32,476,370
3.682,000
5,876,500
6,760,000
73,610,000

351,032
169,398
73,093,425
71.329,940
62,828,640
10,893,900
21,828,200
115,500
28,000

46,273,924
30,071,400
267,479,752
299,003,827
207,668,216
43,941,115
82,101,770
19,900,500
93,052,500
6,775,000
73,620,000

Total
Unknown, destroyed..

462,648,296
1,000,000

476,601,673

230,638,035

1,169,788,004
1,000,000

461,648,296

476,601,673

230,638,036

1,168,788.004

Net
1895.

Net

,
1896.

Net
1897.
,

Net




,

211

TREASURER.
N o . 3T.-

-AMOUNT OF PAPER CURRENCY OP EACH DENOMINATION OUTSTANDING AT
THE CLOSE OP EACH FISCAL Y E A R FROM 1890—Continued.

Denomination.

Legal-tender
notes.

Certificates.

National-bank
notes.

Total.

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..

$18,389,283
12,906,958
94,875,142
110,258,621
77,957,542
15,083,260
27,426,000
15,361,500
76,606,000
15,000
10,000

$30,901,939
18,775,814
109,377,350
126,573,466
85,817,524
25,500,690
13,128,470
3,577,000
6,799,500
6,060,000
38,070,000

$349.640
168.508
71,416,125
70,538,310
62,745,120
10,749,150
21,763,100
111, 500
28,000

$49, 640,862
31,861,280
275,668,617
306,370,397
216,520,186
61,332,990
62,316,570
19 050,000
82,433,500
6,075,000
38,080,000

Total
Unknown, destroyed . .

448,888,296
1,000,000

462,581,653

227,869,453

1,139, 339,402
1,000,000

447,888,296

462,681,653

227,869,453

1,138,339,402

One dollar
Two dollars
Fivedollars
Ten dollars
Tvventy dollars
Fifty dollars
One hundred dollars . .
Five hundred dollars..
One thousand dollars..
Five thousand dollars .
Ten thousand dollars..

14,772,855
10,953,726
106,461,792
120,114,061
88,156,312
13,750,450
25,586,100
12,296,000
49,083,000
15.000
10,000

40,741,731
22,992,419
106,895,153
126,112,871
85,183,914
25,504,465
8,899,270
3,398.000
6.525,600
5.216,000
31,280,000

348,721
167,876
73,799,985
75,403,810
66, 379,280
11,543,400
23,540,200
108,000
28,000

55,863,307
34,114,021
287,156,930
321,630,742
229,719,506
50,798,316
58,025,570
15,802,000
54,636,500
5,230,000
31,290,000

Total
Unknown, destroyed . .

441,199,296
1,000.000

461,748,323

241,319,272

1,144,266,891
1,000,000

440,199,296

461,748,323

241,319,272

1,143,266,891

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..

7,590,217
6,870,459
104,209,462
127,175,901
85,554,002
13,683,475
24,315,260
10,835,250
43,449,000
15,000
10,000

52,222,039
30,838.683
114,004,972
133,057,351
120,408,474
36,181,140
24,886,520
10,038, 500
32,784,600
26,495,000
67,600,000

347,945
167,244
74,539,555
108,727,430
78,552,820
15,522,050
31,618,000
105,500
27,000

60,160,201
37,876,386
292,753,989
368,960,682
284,516,296
66, 386,665
80,819,770
20,979,250
76,260,600
25,610,000
67,610,000

Total
Unknown, destroyed...

423,708,016
1,000,000

647,517,179

309,607,544

1,380,832,739
1,000,000

422,708,016

647,617,179

309,607,544

1,379,832,739

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..

4,226,281
3,688,200
67,930,267
154,062,611
76,708,742
12,465,025
23,587,650
12,390,260
40,396,000
10,000
10.000

59,355,780
36.499,532
175,708,892
106,601.841
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

63,928,162
40,354,514
306,207,834
399,458,072
307,138,276
58,419,116
84,893,170
23,076,250
74,158,600
28,750,000
87,760,000

Total
Unknown, destroyed...

395.464,016
1,000,000

723,971,1

353,708,188

1,473,143.893
1.000,000

394,464,016

723,971,689

353,708,188

1,472,143,893

Net
1899.

Net
1900.

Net
1901.

Net




212
No.

REPORT ON THE FINANCES.
3 7 . — A M O U N T OP P A P E R CURRENCY OF EACH DENOMINATION OUTSTANDING

THE CLOSE OF EACH FiscAL YEAR FROM 1890—Continued.
Denomination.

Legal-tender
notes.

Certificates.

1902.
One dollar
,
Two dollars
Five dollars
Ten dollars
,
Tvventy dollars
Fifty dollars
One hundred dollars...
Five hundred dollars.
One thousand dollars.
Five thousand dollars
Ten thousand dollars.

$67. 694,194
$3,106,366
39,877,278
2,514, Oil
233,628,212
39,316,892
71,184,111
206,143,121
148,629,734
59,136,852
31,274,140
' 9,668,226
34,190,920
.18,677,050
12,814,000
9,258.500
42,336,600
29,841,000
30,000,000
10,000
88,950,000
10,000

Total
Unknown, destroyed .

377,681,016
1,000,000

National-bank
notes.

Total.

$346,371
166,170
54,620,050
143,883,370
107,488,120
16,241,000
33,768,300
98.600
26,000

$71,146,930
42,567,459
327,565,154
421,210,602
315,264,706
57,183,365
86,636.270
22,171', 000
72,202,600
30,010,000
88,960,000

800,679,089

.356,636,881

1,634,896,986
1,000,000

376,681,016

•800,679,089

366,636,881

1,533,896,986

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 dollars.

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

79,300,184
44,690,188
264,025,067
46,952,781
180,218,914
37,357,115
45,268,120
13,153,000
47,536,600
28,425,000
87,000,000

345.959
165.960
61,798,905
172,263,760
127,446,540
16,676,550
34,815,200
96,500
26,000

82,365,781
46,874,268
349.073.307
461,042,962
351,658.706
60,777,215
93,266,520
20,951,000
72.929,500
28,435,000
87.010.000

Total
Unknown, destroyed .

366,924,016
1,000,000

873,815,869

413,634,374

1,654,374,269
1,000,000

366.924.016

873,815,869

413,634,374 1,653,374,259

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.

2,548,436
1,947,602
14,921,540
260,894,331
38,213,532
5,846,075
11,459,600
9,694,000
26,115,000
10,000
10,000

80,706,777
45,191,450
281,841,892
38,100,931
187,951,184
39,553,515
62,567.820
15.120,500
67,657,500
49,415,000
116,760,000

345,146
166,282
62,827,170
189,305,960
141,904,240
17,591,500
36,939,000
95.500
24,000

Total
Unknown, destroyed .

360,659,016
1,000,000

964,766,669

449,197,797 1,774,623,382
1,000,000

369,659,016

964,766,569

449,197,797

Net
1903.

Net
1904.

Net

No. 38.- - O L D

.

..

1,773,623,382

DEMAND NOTES ISSUED, REDEEMED, AND OUTSTANDING AT THE CLOSE
OF EACH F I S C A L Y E A R F R O M 1890.
Issued during
year.

Fiscal year.
1890
1891
1892
1893
1894
-1895...:
1896
1897
1898
1899
1900
1901
1902-.
1903
1904

83,600,358
47,304,234
369,690,602
478,301,222
368,068,956
62,990,090
100,966,420
24,910,000
82,696,500
49,425,000
116,770,000

..

i




Total issued.

Redeemed
during year.

$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
60,080,000

$410.00
385.00
800.00
500.00
350.00
160.00

Total
Outstanding.
redeemed. .
$59,973,967.50
59,974,362.60
59,974,352.50
59,974,352,50
59,976,162,60
59,975,152.60
59,975,652.60
69,976,652.60
59,976,002.60
69,976,152.60
59,976,162.60
69,976,162.60
59,976,162.60
69,976,162.50
59,976,152,50

$56,032,60
66 647 50
55,647,60
55 647 60
54,847.60
64,847.50
54,347.60
64,347.60
63 997.50
53,847,50
63,847.60
53,847.50
53,847.60
63,847.60
63,847.60

213

TREASURER.

No.

39.—FRACTIONAL

CURRENCY

ISSUED,

REDEEMED,

AND OUTSTANDING

AT T H E

CLOSE OP EACH FiSCAL Y E A R FROM 1890.
Issued during
year.

Fiscal year.
1890 .
1891
1892
1893
1894
1895
]89G
1897
1898
1899
1900
1901
1902
1903
1904

No.

Fiscal year.

Fiscal year.

. .. .

Redeemed
during year.

Total
redeemed.

$6,179,60
3,831,37
4,216,98
2,958,00
3,367,20
3,019.93
2,933.35
3,482.00
2,950 00
3,343 48
2,418 25
2,678 78
3,088 00'
2,083 00
1,990 75

Outstanding.

$363,436,630 16
353,440,461 52
353,444,678 60
353,447,636 60
353,461,003,70
353,454,023.63
353,456,956,98
353,460,438,98
353,463,388.98
353,466,732.46
353,469,150.71
353,471,729.49
353,474,817,49
353,476,900 49
353,478,891.24

$15,287,449,30
16,283.617,93
16.279.400.95
16.276.442.96
16,273.075.76
15,270,055.82
16 267 122 47
15,263, 640.47
15 260 690 47
15,257,346.99
16,254,928.74
15,252 349.96
15,249.261.96
15,247,178,96
15,245,188.21

S T A T E S P A P E R C U R R E N C Y O U T S T A N D I N G A T T H E CLOSE O F E A C H
F I S C A L Y E A R F R O M 1890.

Old demand
notes.

United States
notes.

$56,032,50
55,647.60
66,647.50
66,647,60
64,847,50
54,847.50
54,347,50
64,347,60
53,997,60
53.847.50
53.847.60
53,847,50
53,'847,60
53,847,50
63,847.60

1890,
1891,
1892,
1893.
1894,
1895.
1896.
1897.
1898.
1899.
1900.
1901.
1902.
1903.
1904.

1890
1891
1892
1893
1894 .
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904

$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
368,724,079.45
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

.•

40.—UNITED

Total issued.

Treasurynotes
of 1890.

$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
346,68i; 016,00
346.681 016.00
346,681 016.00
346,68i; 016.00
346,681, 016.00

$50,228,417,00
101,712,071,00
147,190,227,00
162,584,417,00
146,088,400,00
129,683,280,00
114,867,280,00
101,207,280,00
93,518,280,00
76.027,000,00
47,783,000.00
000.00
SO, 000,
19,243;000.00
12,978,000,00

Gold certificates.

Silver
certificates.

$167,642,979,00
162,461,429.00
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
409,109,869.00
494,290.669.00

$301,539,751,00
314,715,185,00
331,614,304,00
330,957,504,00
337,148,604,00
328,894,504.00
342,619,604.00
376,479,604.00
398,556,504.00
406,086,504,00
416,015,000 00
435,014,000 00
453,997,000 00
464,706,000,00
470,476,000.00




Currency
certificates.
$12,390,000,00
23,780,000,00
SO, 420,000,00
12,405,000,00
60,035,000,00
65,795,000,00
32,210,000,00
62,340,000,00
26,606,000.00
21,365,000,00
3,705,000,00

Fractional
currency.

Total notes.

$15,287, 449,30 $362,024, 497.80
15,283, 617,93 412,248, 698,43
16,279, 400.95 463,728, 135,46
15,276, 442.95 509,203, 333,46
614,593 356.25
15,273, 075,76
16,270, 055,82 608,094, 319.32
15,267, 122,47 491,685, 765,97 .
15,263, 640.47 476,866, 283,97
15,260, 690.47 463,202, 983,97
15,257 346,99 455, 510, 490,49
16,254, 928,74 438,016, 792,24
16,262 349.96 409,770, 213,46
391,984, 125,46
16,249, 261.96
381,225, 042,46
15,247; 178,96
15,245: 188,21 374,968, 061.71

Total certificates.

Grand total.

$471,472,730 00
490,956,614 00
518,633,233 00
436,208,693 00
463,571,403 00
433,159,463 00
417,647,693 00
476,601,673 00
462.681,653 00
461,738,323 00
647,617,179 00
723,971,689 00
800,679,089 00
873,815,869.00
964,766,669.00

$833,497,227.80
903,205,312,43
982,361,368.45
945,412,026.45
978,164,759,26
941,253,782.32
909,333,458,97
963,467,966,97
926,784,636,97
917,248,813,49
1,086,633,971,24
1,133,741,902,46
1,192,663,204.46
1,255,040,911,46
1,339,724,620.71

214
No.

REPORT ON T H E FINANCES.
4 1 . — E S T I M A T E D STOCK OF GOLD COIN AND BULLION
MONTH, FROM JANUARY, 1895.

AT THE

END OF EACH

Month.
1895—January . .
February.
March
April
May
.lune
July
August . . .
September
October...
November
December
1896—January . .
February .
March
April
May
June
July
August ...
September
October...
November
December
1897—January . .
February .
March
April
M a y .,
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.




Total.
$557, 632,641
562:,633,668
56' 592,416
573, 065,665
578; 036,041
579: 422,971
580;,481,167
568, 990,037
556; 100,818
564:;132,920
564: 229,183
668: 106,939
583: 488,106
586: 168,106
743,303
820,494
574, 520,722
667: 931,823
564: 665,228
570: 557,083
6oo: 544,227
624,;047,484
634 287,157
638, 381,827
645, 568,492
655, 672,099
669, 114,266
675, 298,428
675, 389,656
67i: 676,250
668: 189,128
852,373
671:,437,12s
682: 691,685
692; 460,640
696, 478,536
699: 851,399
702: 494,037
705; 385,818
729, 557, 111
750, 274,281
760: 735,164
765; 089,526
771, 894,663
778,;041,686
786: 647,226
79i: 428,060
797; 451,124
807, 493,146
824, Oil,679
839, 601,448
851, 232,751
859, 741,252
863, 583,055
856, 445,921
852, 919,952
862, 833,173
867, 450,989
875, 323,402
876, 632,924
871, 696,901
881, 193,153
894, 676,296
906, 606,025
918, 666,661
924, 653,462
923, 775,508
929, 926.989
932, 616,124
934, 641,695
937, 603,721
949, 420,116
967,

$46,010,546
44,627,722
51,387,979
50,044,014
53.425.367
66,746,018
60,651,509
60,208,542
57,340,757
64,409,512
45,590,866
29,820,316
15,467,938
26,821,484
29,054,663
32,851,621
32,662,860
32,217,024
30,640,941
33,264,086
40,998,574
47,617,328
51,969,827
64,565,385
52,286,759
46,849,625
37,254,294
32,786,057
26,639,659
25,547,082
28,929,752
31,230,355
30,223,294
36,969,626
42.123.368
45,559,060
49,465,077
62,454,816
63,647,258
83,671,535
96,998,864
98,049,765
99,294,921
105,175,997
116,299,578
133,423,674
138,502,545
142,074,889
134,186,534
127,385,067
121.560.849
120,829.946
121,742,353
119,870,884
125,658.786
127,460,201
131,730,392
139,017,060
141,809,806
144,476,933
141,246,781
131,632,009
127,627,317
124,919,092
116,966,713
112,378,183
123,743,385
116,421,005
124,773,696
142,485,812
149,581,276
161,121,714

$603,543,187
607,161,380
618.980,395
623.109.679
631,461,408
636,168,989
641,132,676
629,198,579
613,441,575
618,542,432
609,820,049
697,927,254
598,956.043
612,989,590
617.797.966
622.672,115
607,183,582
600,148,847
595,306,169
603,821,169
641,542,801
671,664,812
686,256,984
692,947,212
697,855,251
702,521,724
706,368,560
708,084,485
701,929,314
697,223,332
697,118,880
703,082,728
712,660,417
729,661,210
738,584,008
745,037,596
752,316,476
757,948,853
793,033,076
834,228,646
857,273,145
863,784,929
870,384,447
884,070, 660
901,341,264
925,070,799
935.930.605
949,526,013
958.679.680
966,396,746
973,162,297
980,062,696
985.483.606
976,453,939
978,104,707
990,380,153
999,563.565
1,014.468.049
1,018,133,208
1,016,009,857
1,022,943,682
11,025,826,162
1,034,203,613
1,043,625,117
1,041,531,374
1,036,031,645
1,053,618,893
1,049,347,994
1,059,288,820
1,080,027,407
1,099,184,996
1,108,641,829

215

TREASURER.
No.

4 1 . — E S T I M A T E D STOCK OP GOLD COIN AND BULLION AT THE END OF EACH

MONTH, FROM JANUARY, 1895—Continued.
Month.
1901—January...
February..
March
April
May
June
,
July
August
September.
October . . .
November.
December ,
1902—January . . .
February.,
March
April
May
June
July
August
September.
October . . .
November.
December.
1903—January . . .
February..
March
April
May
June
July
August
September,
October
November
December.
1904—January . . ,
February.,
March
April
,
May
Jmie
July
August...
September
October...




Coin.

Bullion.

Total.

772.702 $142,655,026 $1,112,427,728
847,113
138,185,647 1,117,032,760
896,141
139,261,556 1,124,167,697
126,823,690 1,129,267,646
1,003, 443,966
111,252,480 1,123,738,871
1,012, 486,391
109,012,031 1,124,729,261
1,015, 717,230
116,229,165 1,136,970,556
1,019, 741,391
123,113,161 1,147,836,145
1,024, 722,994
131,127,604 1,160,353,790
1,029, 226,186
139,919,488 1,174,883,624
1,034, 964,136
1,039, 965,339
131.874.637 1,171,839,976
1,050. 488,707
126,683,446 1,176,172,163
1,057, 145.188
124,133,899 1,181,279,087
1,063, 643,851
114,387,642 1,178,031,493
1,063, 358,703
116,182,087 1,178,640.790
1,067, 066.189
116.586.538 1,183,652,727
1,067, 002,208
117,586,681 1,184,588,889
1,068, 311.784
124,282,806 1.192,594,589
1,067, 034.785
126,890,672 1.193,926,467
1,074, 838,670
128,673,081 1,203,611,751
1.080, 110,347
135.124.638 1,216,234,885
1.082. 166,750
148,616,022 1,230,672,772
1,083, 674,894 158,655,872 1,242,330,766
1,087. 807,422
159,069,293 1.246,876,715
1,095, 101,623
157,740,852 1,262,842,475
1,102, 028,942
156.017.539 1.258,046,481
1.107, 346,286
154,396,915 1.261,743.201
1,107, 120,714 160,182,865 1,267,303.579
1,101, 766,986
159,678,138 1,261,445.124
1,092, 041,185
156,640,343 1.248,681.528
1,095, 300,467
160,448,601 1,256,749,068
1,094, 345,709
173,388,240 1,267,733,949
1,094, 516,971
182,845,680 1,277,362,661
1,090, 220,300 192,071,603 1,282,291,903
1,099, 437,060 198,670,676 1,298,107,736
1,109, 204,766 205,417,768 1,314,622.524
1,111, 496,883 215,344,672 1,326,841,556
1,146, 914,400 190,443,317 1,337,357,717
1,207, 926,349
140,877,621 1,348,803,970
1,239, 660,266
112,324,321 1.351,984,577
1.270, 165,981
42,954,887 1.313,120,868
1.285, 080,291
42,676,107 1.327,656,398
1.284, 748,247
57,674,493 1.342,422,740
1,281, 212,025
68,684,540 1.349:896,665
1,284; 554,125
465,968
66,901,843 1, S5i;
1,314, 683,906
48,463,176 1,363,047,081

216
No.

REPORT ON T H E F I N A N C E S .
4 2 . — E S T I M A T E D STOCK

OP SILVER COIN AT T H E E N D O P EACH
J A N U A R Y , 1895.

MONTH,

PROM'

[Standard dollars held against Treasury notes are not included.]

Month.
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.
December.
1900—January...
February..
March
April
May
June
July
August
September,
October . . .
November,
December.




Standard
dollars.
126,189
396, 172,673
396, 782,756
397, 529,873
399, 103,661
401, 059,531
401, 800,701
402, 795,701
403, 624,701
406, 198,701
407, 707,701
409, 619,701
409. 966,701
410, 671,701
411, 647,584
414, 960,483
417, 199,922
419, 472,469
421, 275,437
423, 211,262
426, 770,279
428, 382,707
430, 665,251
433, 127,896
435, 068,227
436. 474,343
437. 320.664
438. 203,138
439. 564,612
440, 927,085
442, 340,638
443, 582,538
444, 920,638
446, 941,538
448, 687.665
450, 603,244
461, 798,645
453, 158,969
464, 387,603
455, 603,670
456, 702,567
467, 872,224
458, 932,933
460, 068,880
461, 387,069
462, 343,250
463, 429,920
464, 668,011
465, 928,248
466, 790,670
467, 803,381
468, 810,806
469, 794,616
470, ,902,576
471, 259,133
472, 205,721
^73, ,817,763
1175,,417,935
476, ,070,146
476, ,201,341
477, 046,563
478, ,306,308
480, ,820,698
484, ,335,483
487, ,497,9.76
490; ,•618,05^
493,,129,901
496, ,286,994
498, ,349,343
500, 081,162
600, ,403,541
504, ,690,508

Subsidiary
silver.

Total.

$77, 192,016 $473,318,204
77, 071,742
473,244,315
76, 450,557
473,233,312
76, 169,669
473,699,442
76, 375,930
476,479,581
76, 772,563
477,832,094
77 065,444
478,866,145
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, 948.610
494,193, 973
76, 994,051
496,203,240
76, 730,781
496,943,143
75, 667,706
498,820,620
76, 609,268
501,125,060
75, 354,781
604,187,289
75, 804,582
506,468,797
76, 803,546
509,445,647
76, 317,752
611.372,172
76, 303,946
512,988,961 .
76. 514.618
513,541,586
76; 220.921
614,544,609
76, 341,471
616,082,620
76, 617.908
516,365,969
75, 438,884
517,758,480
76, 417,942
517,854,115
74 271,677
519,652,128
74; 631,590
522,355,545
75, 414.007
524,708,340
76, 020,676
527,003,451
76: 400,207
528,461,761
76; 663,116
529,389,872
230,903
76,
530,971,688
76; 584,080
532,208,910
76: 605,240
532,788,656
76; 086,089
634,293,653
421,429
76,
534,922,473
75; 989,540
635,821,852
75; 752,972
537,171,717
76, 784,648
539,076,862
733,612
76,
540,100,401
76: 670,481
541,155,172
76; 687,161
541,943,696
76, 015,347
543,119,631
329,061
76:
644,194,365
76; 390,984
645.621,631
76; 710,826
546,432,951
76; 638,335
647,648,756
746,179
76
647,168,823
75; 909,690
648,852,750
647,029
76
550,341,086
76: 523,333
553,970,712
652,777
78,
664,580,494
79, 510,349
556,846,062
643,721
79,
667,392,977
80, 346,414
568,406,459
101,151
80,
560,535.902
79, 716,204
564,848,474
80, 612,991
669,170,051
:. 81,
; ,,672,076
673,519,075
82, 901,023
676,906,972
83, 777,071
680,864,829
86, 567,836
584,350,091
000,748
686,757,447
676,286
687,603,912
200,371
592,259,981
569,473

217

TREASURER.

N o . 4 2 . — E S T I M A T E D STOCK OP SILVER COIN AT THE END OP EACH MONTH, PROM
JANUARY, 1895—Continued.

Month.
1901—January . . .
February..
March
April
May
June
July.......
August
September.
October . . .
November.
December.
1902—January...
February.,
March
April
May
June
July
August
September.
October . . .
November.
December.
1903—January . . .
February.,
March . . . . ,
April
May
June
July
August
September.
October...,
November,
December ,
1904—January...
February..
March
April
May
,
June
July
August....
September,
October...




Standard
dollars.
$607,422,877
510.301.316
612.536.160
614,849,446
517,600,834
620\ 062.537
522,028,673
524,181.832
526,644,894
528,222,988
529,171,229
630,732,617
633.057,617
534,606,664
636,113,305
537,603,809
638,684,786
540,135,200
640,682,817
542,363,298
543,360,860
646.527.822
547,127,022
648,098,168
649,680,'553
550,683,664
551.615.317
652,268,056
552,876,093
554,400,226
555,428,503
656,863.494
555,886,980
565,034,790
664,739,235
654,841,489
'556,449,127
657,198,489
557,559,484
558,579,393
559,422,410
569.891,606
660,244,263
559,495,170
558,861,028
558.677.161

Subsidiary
silver.

Total.

$88,485,517 $596,908,394
88, 667,880 598,969,196
89,869,906
602,406,066
90,082,284
604,931,730
90,496,312 608,097,146
90,490,289
610,552,826
90,510,250
612,538,923
91,308.385
615,490,217
90,613,512 617,158,406
92,464,180
620,687,168
91,828.964
621,000,193
91,975,381
622.707.998
92,206,926
625,264,543
92,859,794 627,466,448
93.417,944 629,531,249
95,299,190
632.902.999
95,432,492
634,117,278
97,183,762
637,318,962
98,226,389
638,908,206
97,766,461
640,129,759
97,988,676
641,349,436
98,809,323
644,337,145
99,511,076
646,638.098
100,769,875 648,868,043
100,528,519
650,109,072
100,615,082 651,298,746
100,786,118
652,401,435
101,141,553
653,409,609
101,503,440
654,379,533
102,034,567
656,434,793
101,679,100
657,107,603
101,867,228
657,720,722102,825,368 658,712,348
104,087,329
659,122,119
105,236,815
659,976,050
105,938,279
660,779,768
105,903,449
661,352,576
106,903,896
664,102,385
106,633,724 664,193,208
106,672,887 665,252,280
106,614,930
666,037,340
107,062,021
666,953,626
106,503,340
666,747,603
108,458,792 667,953,962
110,300,314 669,151,342
110,993,172 669,670,333

218
No.

REPORT ON T H E F I N A N C E S .
4 3 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK
OUTSTANDING AT THE END OP EACH MONTH, FROM JANUARY, 1895.

Month.
1895—January . .
February .
March
April
May
.Tune
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
Jun4)
July
August'....
September
October...
November
Deceniber.
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.




U n i t e d States]
notes.

Treasury
notes.

Nationalb a n k 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
346,681,016
346,681,016
346,681,016
346,681,016
346,681,016
34.6,681,016
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

$150,751,541
150,705.157
150,330,089
149,684,471
148,044,280
146,088.400
145,490,280
144,495.280
143,666,280
141,092,280
139,683,280
137,771,280
137,324,280
136,719,280
136,081,280
133,069,280
131,385,280
129,683,280
128,343,280
126,741,280
125,004,280
123,229,280
121,677,280
119,816,280
118,398,280
117,550,280
117,131,280
116,696,280
115,782,280
114,867,280
113,914,280
112,672,280
111,334,280
109,313,280
107,793.280
106.348.280
105,531.280
104,669,280
103,615,280
102.691.280
101.981,280
101,207,280
100,213,280
99.260.280
98.549.280
97,833,280
' 97,193,280
96,623,280
96,982,280
^5,611,280
94,954,280
94,518,280
94.026.280
93,518.280
93,080.280
92,616,280
91,167,280
89,828,280
89,026,280
88,320,280
87,871,280
87,198,000
85,375,000
82,629.000
79,440,000
76,027,000
73,538,000
70,388,000
67,714,000
65,563,000
63,448,000
61,397,000

$206,297,671
206,043,651
207,541,211
209,719.850
211,478,716
211,691,035
211,372.045
212,339,200
212.861.934
213,887,630
213,960,598
213,716,9*^3
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, ^44
235.398.890
235,663,118
235,094,662
234,236,327
233,795,141
232.887.984
231,875,841
231,441,686
230,844,256
230,593,674
230,278,970
230,132,275
229,634,217
229,014,641
226,529,216
224,831,072
224,481,879
226,113,751
227,696,370
227,900,177
226,780,065
227,261,650
235.439.985
239,629,136
242,784,803
243,817,870
243,324,226
242,985,082
243,134,892
242,796,708
242,146,789
241,350,871
241,624,053
242,153,897
243,372,223
243,066,624
243,842,068
246,277,223
247,068,743
249,616,228
271,034,338
285,359,366
300,569,769
309,640,444
320.095.891
324,304,325
328,416,428
331,693,648
332,292,300
340,141,175

NOTES

Total,
$702,730,128
702,429,824
704,552,316
705.986.337
706, 204,012
704,460,451
703,543,341
703,515,496
703.199.230
701,660,926
700,224,894
698,169,269
697,601,843
700,682,213
704,078,323
703,939,633
703.354.231
702,364,843
701.054.338
703.036.192
705,324,653
704,894,740
703,757,186
702,160,414
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
676,486.047
676,358,^666
676,788,473
673,674,361
673,202,946
680.670.281
684,143.432
686.659,099
687.022.166
686,987,622
685,177,378
684,770,188
683,996,004
682,853,085
681.650.167
681,385,349
681.351.193
681,220,619
679,576,920
679.549,364
681,278,619
681,621,039
683,395,244
703,090,354
714,669,382
726,690,775
732,348,460
740,314,907
741,373,341
742,811,444743,937,664
742,421,316
748,219,191

219

TREASURER.

N o . 4 3 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES
OUTSTANDING AT THE END OP EACH MONTH, FROM JANUARY, 1895—^Continued.

Month,
1901—January . .
February .
March
April
May
June
July
August
September
October...
November
December.
1902—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1903—January...
February .
March
April
May
June
July.......
August
September
October...
November
December.
1904—January . .
February .
March
" April
May
June
July
August
September
October...




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,

681,016
681; 016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681.016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681, 016
681.016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016
681,016

Treasury
notes.

National
b a n k notes.

$58,278,000
66,957,000
53,881,000
51,880,000
49,784,000
47,783,000
46,029,000
41,433,000
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
22,963,000
22,232,000
21,601,000
20,795,000
20.013.000
19.243.000
18.556.000
17,970,000
17,498,000
16,874,000
16,428,000
15^906,000
16,322,000
14,846,000
14,372,000
13,987,000
13,473,000
12,978,000
12,653,000
12,225,000
11,966,000
11,613,000

$346,821,871 $751,780,887
348,655,256
751,293,272
350,101,406
750.663.422
350.764.257
749,325,273
351,582,590
748,047,606
353,742,187
748.206.203
356,152,903
748,862,919
357,419,155
748,533,171
358,830,548
748,537,564
359,911,683
748,026,699
359,720,711
746,511,727
360,289,726
745,566,742
359,444,616
743,668,631
358,434,867
740,461,883
357,476,407
738.120.423
356,987,399
736,306,415
356,747,184
734,735,200
356,672,091
733,353,107
358,984,184
734,428,200
361,282,691
735,664,707
366,993,598
740,510,614
380,476,334
752,953,350
384,854,514
756,589,530
384, 929,784 756,663,800
383,973,546
753,607,662
382,798,846
761,711,861
750,701,274
382.519.258
758,627,744
391,151,728
773,137,221
406,443,205
779,694,666
413,670,660
782,583,503
417,346,487
783,238.991
418,587,975
784,605,651
420,426,636
783,165, 699
419,610,683
784,215,995
421,106,979
787,750,034
426,163,018
788,860,643
426,857,627
791,861,326
430,324,310
795,962,958
434,909,942
797,748,589
437,080,573
806,142,581
445,988,566
808,894, 111
449,235,096
809,540,904
450,206,888
811,422,789
452,616,773
814,726,424
456,079,408
816,575,516
457,281,600

Total,

220

R E P O R T 01^ TH:E: F I N A N C E S .

N o . 4 4 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURHENCY CERTIFICATES
OUTSTANDING AT THE END OF EACH MONTH, PROM JANUARY, 1895.
Month.
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
Noyember .
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
Noyember .
December..
1900—January
February ..
March
April
May
June
July
August
September .
October
November .
December..




Gold
certificates.

Silver
certificates.

$52,984,869 $333,796.504
61,587,869 333,107,504
48,927,849 331,121,504
48,814,649 330,914,504
48,641,969 328,246,604
48,469,959 328,894,504
48,336,909 330,932,504
49,290,909 331,513,504
50,748,909 338,297,604
60,585,889 342,409,604
50,341,889 344,327,604
60,099,889 345,702,504
49,978,989 345,994,504
44,384,489 344,377,504
43,822,469 348,325,504
43,817,469 360,412,604
43,649,189 346,942,604
42,818,189 342,619,504
40,687,189 344,032,504
40,486.189 367,204,604
40,328,539 364,476,604
39,688,139 366,463,604
39,433,139 367,903,504
39,279,789 370,883,604
39,046,789 373,015,504
39,046,789 373,585,504
38,939,689 376,561,504
38,939,689 377,531.504
38,843,169 374,345,504
38,782,169 376,479,504
38,700,169 372,404,504
38,527,169 379,112,504
38,434,169 385,152,604
38,348,169 384,170,504
38,274,149 384,963,604
38,128,149 387,925,504
38,062,149 388,476,504
38,015,149 391,908,604
37,927,149 394,630,604
87,666,149 396,326.604
37,486,149 397,732,504
37,420,149 398,656,504
37,287,149 398,922,504
37,119,149 401,107,504
36,990,799 400,062,504
36,940,149 398,763,604
36,901,049 399,163,504
36,808,999 399,430,604
34,669,999 399,631,504
34,592,729 402,289.504
34,626,829 402,627,504
34,486,829 404,026,504
34,434,849 405,257,604
34,297,819 406,085,504
34,251,519 407,027,604
82,218,419 407,278,604
135,601,119 405,197,604
152,438,119 400,633,604
174,896,119 400,643,604
184,844,619 401,464,604
208,213,819 405,363,504
210,260,779 407,375,504
210,767,779 409,723,000
224,399,779 413,496,000
229,884,179 416,475,000
227,797,179 416,015,000
229,000,179 419,153,000
236,976,679 424,212,000
239,826,679 425,153,000
248,488,679 425,124,000
254,007,379 426,374,000
263,629,379 427,426,000

Currency
certificates.

Total.

$41,245,000 $428,026,373
37,355,000 422,050.373
37,665,000 417,614.353
37,375,000 417,104,153
48,436,000 425,322,463
65,755,000 433,119,463
67,040,000 436,309,413
77,086,000' 467,889,413
67,516,000 456,661,413
67,015,000 450,010,393
48,735,000 443,404,393
34,450,000 430,252,393
29,246,000 425,218,493
33,070,000 421,831,993
34,680,000 426,827,973
33,295,000 427,524,973
33,670,000 424,261,693
31,990,000 417,427,693
42,160,000 426,869,693
39,225,000 436,915,693
34,715,000 439,520,043
35,060,000 441, 111, 643
38,510,000 445,846.643
.50,830.000 460,993,293
65,616,000 477,577,293
76,796,000 489,427,293
75,070,000 490,671,193
71,940,000 488,411,193
66,665,000 479,753,673
61,750,000 476,011,673
63,496,000 474,699,673
63,650,000 481,289,673
64,150,000 477,736,673
48,625,000 471,143, 673
48,890,000 472,127,653
44,655,000 470,608,663
49,145,000 475,682,653
50,660,000 480,583,653
41,230,000 473,787,§63
27,736,000 461,615,653
26,600,000 461,818, 653
26,605,000 462,581,653
23,076,000 459,284,653
20,660,000 458,786,653
18,465,000 456,608,303
20,105,000 465,798,653
20,640,000 456,704,663
20,686,000 466,924,603
22,570,000 466,871,503
23,135,000 460,017,233
22,895,000 460,049,333
21,325,000 459,838,333
21,800,000 461,492,333
21,325,000 461,708,323
20,066,000 461,334,023
19,430,000 508,926,923
16,100,000 556,798,623
13,765,000 566,836,623
13,695,000 689,234,623
12,350,000 598,659,123
14,600,000 628,177,323
15,370,000 633,006,283
14,645,000 635,125,779
7,470,000 645,364,779
4,786,000 650,144,179
3,705,000 647, 517,179
2,680,000 650,833,179
2,660,000 662, 747,679
1,820,000 666,799,679
1,790,000 676,402,679
1,690,000 681,071,379
1,660,000 692,616,379

221

TREASUREE.

N o . 4 4 . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY CERTIFICATES
OUTSTANDING AT THE END OP EACH MONTH, FROM JANUARY, 1895—Continued.

Month.
1901—January...
February..
March
April
May
June
July
August
September
October...
November
December.
1902—January...
February..
March
April
May
June
July
August
September
October...
November
December.
1903—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1904—January . .
February .
March
April
May
June
July
August
September
October...




Gold
certificates.

Silver
certificates.

$275,667,279 $428,597,000
276,040,989 427,854,000
431,841,000
276,704,989
283,441,989 435,521,000
435,928.000
284.951,789
435.014,000
288,957,689
436,957,000
291,005,689
296,318,689 439,282,000
442,080,000
302,926,089
449,648,000
312,816,089
454,082,000
316,725,089
456,087,000
316,786,089
325,722,089 453.089,000
450,471,000
330,258,089
454,255,000
334,581,089
455,944,000
341,620,089
345,272,089 455,607,000
346,612,089 453,997,000
356,985,089 456,217,000
359.390,089 458,785.000
405,752,000
363.311,089
467,442,000
367,078,569
376,358, 569 467.824,000
468,957,000
383.564,069
398.621,069 465,297,000
463,431,000
399,062,069
466,498,000
402,008,069
410,257,869 464,373.000
462,550; 000
411,199,869
464,706,000
409,119,869
463,614,000
412,087,869
462,384,000
416,385,869
467,716,000
420,487,869
469,771,000
433,198,869
473,041,000
441,739,869
447,175,869 472,247,000
487,949,869 464,261,000
469,942,000
477,903,869
473,085,000
467,660,869
472,555,000
493,457,869
471,662,000
489,974,869
470,476,000
494,630,569
469,645,000
521,430,969
527,336,969 468,329,000
474,322,000
528,491,969
478,464,000
531,479,969

Currency
certificates.
$995,000
710,000

Total.
$705,259,279
704,604,989
708.546,989
718,962,989
720,879,789
723,971,689
727,962,689
735,600,689
745.006,089
762.463,089
769,807,089
772,872,089
778,811,089
780,729,089
788,836,089
797,564,089
879,089
609,089
813,202,089
818,175,089
829,063,089
834,520,569
844.182,569
852,621,069
863,918,069
862,493,069
868,506,069
874,630,869
873,749,869
873,825,869
875,701,869
878,769,869
885,202,869
902,969.869
914,780,869
919,422,869
962,210.869
947,845,869
940,745,869
966,012,869
961,636,869
965,106,569
991,076,969
995,665,969
1,002,813,969
1,009,943,969

222
No.

REPORT ON T H E F I N A N C E S .
4 5 . — E S T I M A T E D STOCK OP ALL K I N D S OF MONEY AT THE END OP EACH MONTH,
FROM J A N U A R Y , 1895.
[No'tes include United States notes. Treasury notes, and national-bank notes.]
Month.

1896—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1896—January...
a
February .
March
April
May
June
July
August
September
October...
November
December.
1897—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1898—January...
February .
March
April
May.
June
July
August
September
October...
November
December.
1899—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1900—January...
February..
March
April
May
June
July
August
September
October . . .
November.
December.




Aggregate.

607,
618,
623,
631,
636,
641,
629,
613,
618,
609,
597,
598,
612,
617,
622,
607,
600.
695,
603;
641.
671,
686,
692,
697,
702,
706,
708,
701.
697,
697,
703,
712,
729,
738,
746,
762,
757,
793,
834,
857,
863,
870,
884,
901,
926,
935,
949.
958,
966,
973,
980,
985,
975,
978,
990,
999,
1,014,
1,018,
1,016,
1,022,
ll, 026,
|l,034,
1,043,
11,041,
|l, 036,
1,053,
1,049,
|1,059,
1,080,
1,099,
'1,108;

$473,
473,
473,
47S;
475;
477;
478;
478:
479;
483:
486
486;
489,
492,
494,
495,
496
498;
501
504;
506
509:
511;
512:
513,
514,
516,
516,
517:
6I7:
519,
522,
524:
527;
528:
529;
530;
632,
532:
534:
534,
535,
537,
639
640;
641
64i;
54s:
544;
545;
546,
547;
547:
548;
650,
553,
554,
656,
557
568,
560,
564,
569,
673,
676,
580,
584,
586,
587,
692;

$702,,730,128
702;
,,429,824
704,, 552,316
:
705;
1,986,337
706:
,204,012
704:, 460,451
:
703;
,643,341
703:
,515,496
703:
,199,230
70i:
,660,926
,224,894
7oo;
698,169,269
,501,843
697,582,213
700,
,078,323
704 ,939,633
703;
,354,231
703,
702,364,843
701 ,054,338
,036,192
703, 324,653
,
705, 894,740
,
704, 757,186
,
703,, 160,414
i
702,
1,173,958
700;
6981,467, 623
697,607,437
,265,280
696;
,339,137
694,
,989,982
692,
,439,552
691,946,970
689; 294.266
,
,126.571
. 108,613
;
682,, 043,937
678.741,512
.181,368
676;
.778,175
674,
', 486,047
675,
,358,666
676,
<,
675, 788,473
,674,361
673,
;
673,, 202,946
'
680,, 670,281
,143,432
684,
686 ,659,099
687,022,166
,987,622
685;
,177,378
685,
,770,188
684,
i 996,004
683,,
:
682,, 853,085
681,550,167
681,385,349
681,351,193
681,220,619
'
679;, 575,920
'
679,, 549,364
681,278,519
681 ,621,039
,396,244
683,
;
703,, 090,354
,
714, 669,382
,690,775
726;
: 348,460
732,,
1,314,907
740,
741 ,373,341
1,811,444
742;
;
743;, 937,664
!
742;, 421,316
1,219,191
748;

591,619
835,519
766,023
794.458
146,001
461,534
542,162
655,677
557,386
661,239
201,150
798,230
998.459
708,051
740,650
520,741
731,786
716,930
303. 650
677.881
992.514
746.841
482,967
553,273
401,381
978,308
517,582
894,374
350,971
579.283
316,912
883,813
506,811
143,326
400,861
084,984
519.749
520,093
782,934
923,603
420,467
867.055
981.281
095.458
183,262
291,093
690,105
703,361
610,797
693,765
126,850
680,331
769,641
652,861
668,879
584.096
126,170
014,681
263,066
133,438
957,698
626,865
829,869
042,973
392,200
899,180
740,772
676,164
450,355
722,618
210,225
021,001

223

TREASURER.

N o . 4 5 . — E S T I M A T E D STOCK OF ALL K I N D S OP MONEY AT THE END OF EACH MONTH,

PROM JANUARY, 1895—Continued.
Month.
1901—January...
February,.
March
April
May
June
July
August
September
October...
November
December.
1902—January...
February..
March
April
May
June
July
August
September
October...
November
December.
1903—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1904—January...
February .
March
April
May
June
July
August
September
October...




Gold.

Silver.

Notes.

Aggregate.

112, 427,728 $595.908,394 $761,780,887 $2,460,117,009
117: 032.760
698,969,196
761.293.272
2,467,296,228
124; 157, 697 602,406,066
750.663.422
2,477, 227,185
129, 267,647
604,931,730
2,483. 524,650
749.325.273
123, 738,871
608,097,146
2.479,883,623
748,047,606
124, 729,261
610,652,826
2,483, 488,290
748,206,203
135, 970,656
612,538,923
2,'497,372,398
748,862,919
147, 836,146
615,490,217
2,511,859,533
748,533,171
160, 353,790
617,158,406
748,537,564
2.626,049,760
174, 883,624
620,687,168
748,026,699
2.543, 597,491
171, 839,976
621,000,193
746,511,727
2,639,351,896
176, 172,153
622,707,998
745.566,742
2.544,446,893
181, 279,087
625,264,543
743.658.631
2.660,202,261
178, 031,493
627,466,448
740,461.883
2.545, 969,824
178, 640,790
629,531,249
738.120.423
2.546, 192,462
183, 652,727
632,902,-999
736,306,415
2,552,862,141
184, 688,889
634,117,278
734,735,200
2,663,441,367
192, 594,689
637,318,962
733,353,107
2,563, 266,668
193, 925,467
638,908,206
734,428,200
2,667,261,863
203, 511.761
640,129,759
735,664,707
2,579,306,217
216, 234,886
641,349,436
740,510,614
2,597,094,935
230, 672,772
644,337,145
762,953.350
2.627, 963,267
242, 330,766
646,638,098
756.589,530
2,646,558,394
246, 876,715 '648,868,043
765.663,800
2.661,408,568
252, 842,475
763,607,562
650,109,072
2,656,659,109
258, 046,481
751,711,861
651,298,746
2,661,067,088
261, 743,201
750,701.274
652,401,435
2,664,846,910
267, 303,679
758.627.744
653,409,609
2,679,340,932
261, 445,124
773.137.221
654,379,633
2,688,961,878
248, 681,628
779,694.666
656,434,793
2,684,710,987
266, 749,068
782,683,603
667,107,603
2,696,440,174
267, 733,949
783,238,991
657,720,722
2,708, 693,662
277, 362,651
784,605,551
658,712,348
2,720,680,550
282, 291,903
783,166,699
659,122,119
2,724, 579,721
298. 107,736
784,216,995
659,976,050
2,742,299,781
314, 622,524
787,750,034
660,779,768
2,763, 152,326
326, 841,555
788,860,643
661,352,676
2,777,054,774
337, 357,717
791,851,326
664,102,385
2,793, 311,428
348. 803.970
795,962,958
664,193,208
2,808,960,136
351. 984.577
797,748,589
665,252,280
2,814,985,446
313, 120.868
806,142,681
666,037,340
2,785,300,789
327, 656,398
808,894, 111 2,803, 504,136
666,953,626
342, 422,740
809,540,904
666,747,603
2,818, 711,247
349, 896,666
811,422,789
667,953,962
2,829, 273,316
351, 466,968
669,161,342 814.726.424
2,835, 333,734
363, 047,081
669, 670,333 816,675,616
2,848, 292,930

224
No.

REPORT ON T H E F I N A N C E S .
4 6 . — E S T I M A T E D AMOUNT OP GOLD AND SILVER IN CIRCULATION AT THE END
OF EACH MONTH, PROM JANUARY, 1895.

Month.
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
December.
1900—January . .
February .
March
April
May
June
July
August
September
October...
November
December.




Gold coin.
$506, 189,411
468; 568,100
479, 493,899
483, 111,626
770,430
275,067
486,778,610
479, 787,653
469, 884,062
475, 181,593
480,252,104
484, 728,647
499, 262,686
445, 293,691
446, 912,256
464, 225,656
455, 876,439
456, 128,483
445, 293,944
463, 995,969
478, 771,490
616, 340,979
516, 729,882
517, 743,229
515, 468,129
516, 315,696
617, 126,757
517, 321,596
620, 221,923
619, 146,676
619, 074,302
521, 848,563
528, 098,753
«539,273,953
644, 494,748
547, 568,360
551, 584,924
553, 884,882
582, 129,742
617, 038,610
649, 571,881
660, 959,880
645,246,054
630, 693,166
622, 649,812
649, 846,727
658, 986,513
667, 796,679
696,987,400
702,305,269
694, 855,942
701, 077,442
724, 282,177
702,060,459
700,266,384
372, 933,192
646, 561,185
634, 660,733
627,480,101
617, 977,830
619, 447,176
612, 333,489
612, 202,698
616, 535,746
618, 624,530
614, 918,991
622, 348,108
620, 695,656
620, 047,309
621, 761,263
624, 702,913
629, 192,578

Silverdollars,
$55,873,630
54,649,360
53,917,857
53,413,709
52,812,670
61,983,162
51,746,706
52,584,843
66,146,627
68,354.092
58,760,713
69,206,927
56,629,676
56,515,9^.11
64,792,762
53,602,362
62,717,417
52,175,998
61,999,797
63,445,881
66,613,178
68,190,802
58,493,845
58,581,819
56,361,136
55,378,762
54,507,319
53,776,448
53,007,096
62,001,202
51,655.722
53,086,664
57,145,770
60,196,778
61,280,761
61,491,073
59,478,293
69,020,904
68,562.597
58,561,008
57,596.423
67,269,791
57,293,336
57,738,313
60,788,828
63,437,255
63.980.333
65,183,653
63,429,088
63,135,375
64,536,488
64,023,325
63,434,217
63,381,761
63,168,273
64,887,236
68.755.243
71,361,740
70,830,223
70,420,047
67,888,019
69,139,994
69,098,949
68,333,834
67,646,528
66,429,476
65,769,341
66,826,496
71,176,265
73,479,469
73.811.334
76,182,326

Subsidiary
silver.
$61,710,429
60,940,597
59,873,046
59,663,010
59,786,487
60,219,718
60,532,508
60,090,168
61,409,643
63,832,759
65,416,119
64,417,686
64,387,135
63,744,061
62,970,303
. 62,489,607
61,356,627
59,999,806
69,663,561
59,699,467
60,228,298
61,171,736
61,233,346
62,101,986
60,889,370
60,709,696
60,246,493
60,177,704
60,306,988
59,228,640
59,131,282
68,936,292
61,176,416
63,432,929
64,829,046
65,720,308
64,955,943
64,270,811
64,618,802
64,586,273
64,042,000
64,323,747
63.994,457
64,769,623
66,587.940
68,878,952
69,997,276
70,627,818
69,083,516
69,143,844
69,496,609
69,784,194
70,044,980
70,675,682
70,527,873
72,516,837
74,045,762
76,173,164
76,322,965
76,651,321
75.429.413
74.792.310
74.341,322
75,000,817
75,668,587
76,294,060
76,541,200
77 862,649
79,432,193
81,035,187
81,717,505
83,123,463

Total silver.
$117,584, 059
115,689, 957
113,790, 903
113,066,719
112,599, 057
112,202, 880
112,279; 214
112,675, 001
116,556, 070
122,186, 851
124,176. 832
123,623, 612
811
- 121,016,
119,260, 002
117,763, 065
116,091, 869
114,074, 044
112,175, 803
111, 663,
113,145,
116,741,476
119,362, 538
119,727, 191
120,683, 805
117,250, 506
116,088, 357
114,753,812
113,964, 162
113,314, 083
111,229,742
110,787, 004
112,021, 966
118,322, 185
123,629, 707
126,109, 806
127,211, 381
124,434 236
123,291 715
123,18i: 399
123,147,281
121,638, 423
121,583, 538
121,287, 793
122,497, 836
127,376, 768
132.316, 207
133,977, 609
135,811 371
132,512, 604
132,279,219
134,033, 097
133,807, 519
133,479, 197
134,057, 433
133,686, 146
137,404; 073
142,801, 006
147,534, 904
147,153,188
147,071,368
143.317,432
143,932, 304
143,440, 271
143,334, 651
143.304, 115
142,723, 526
142,300, 541
144,688, 145
150,608, 458
164,514, 656
165,528, 839
159.305, 789

225

TREASURER.

N o . 4 6 . — E S T I M A T E D AMOUNT OP GOLD AND SILVER IN CIRCULATION AT THE END
OF EACH MONTH, FROM JANUARY, 1895—Continued.
Month.
1901—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1902—January...
February .
March
April
May
June
..
July
August
September
October...
November
December.
1903—January...
February .
March
April
May
J-une
July
August
September
October...
November
December.
1904—January...
February .
March
April
May
June
July
AugUvSt
September
October...

PI 1904

Gold coin. Silverdollars,
$615,676,805
628,333.967
626,824,954
629,240,796
628,021,296
630,407,728
630,647,326
630,037,710
631,201,267
633,868,471
632,001,740
635,374,660
634,733,847
633,454,585
635,194,761
637,432,962
631,891,627
632,394,289
631,156,433
632,209,118
664,728,060
624,373,645
631,410,968
629,680,632
629,023,916
625,262,655
622,002,398
623,132,460
623.982,009
617,260,739
620,879,790
620,375,169
622,550,934
621,763,297
627,026,092
627,970,633
627,905,855
638,909,710
650,924,710
666,159,418
644,894,548
645,817,676
644,112,980
646,664,812
641,844,863
641,793,093

15




$72,315,490
71,076,367
72,299,960
68,846,646
68.124.348
66,587,893
66,688,628
68,021,039
71,201,115
73,113,520
73,210,737
73,239,986
71,295,873
69,378,622
69,179,452
69,403,330
68,875,764
68.747.349
68,906,4.65
70,984,675
76,043,719
77,517,158
78,700,912
78,310,334
75,838,448
75,151,254
74,476,840
73,986,478
73,417,209
72,391,240
72,568,354
72,959,012
75,959,483
78,916,739
80,799,960
81,573,223
77,963,600
76,400,191
74,709,181
73,642,989
72,605,727
71,313,826
70,581,561
71,507,729
76,000,250
79,443,123

Subsidiary
silver.
$81,979, 691
81,437,380
80,853,107
80,253,077
79,943,209
79,700,088
80,195,427
80,788,228
81,638,117
83, 999,351
84,176,421
85,061,094
83,842,839
83,441,791
82,692,436
82,854,599
82,638,865
85,721,228
86,222,459
87,415,287
89,906,205
91,899,715
93,082,863
94,350,669
92,507,814
91,990,343
92,285,446
92,309,566
91,867,189
92,726,694
92,246,380
92,870,962
94,867,102
96,235,458
97,130,806
97,631,352
95,470,325
95,486,378
96,087,792
94,820,302
94,679,099
95,528,343
94,577,050
95,994,732
98,840,017
100,408,128

Total silver.
$154,295,181
152,613,697
153,153,067
149,099,622
148,067,557
146,287,981
146,784,055
148,809,267
152,739,232
157,112,871
157,387,158
158,301,080
155,138,712
152,820,313
151,871,887
152,257,929
151,514,629
154,468,577
155,128,924
158,399,962»
164,949,924
169,416,873
171,783,775
172,661,003
168,346,262
167,141,597
166, 762,285
166,296,044
165,284,398
165,117,934
164,814,734
165,829,964
170,826,576
175,152,197
177,930,766
179,204,675
173,433,926
171,886,569
169,796,973
168,463,291
167,184,826
166,842,169
165,158,611
167,502,461
174,840,267
179,851,261

226
No.

REPORT ON T H E F I N A N C E S .
4 7 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK
IN CIRCULATION AT THE END OP EACH MONTH, PROM JANUARY, 1895.

Month.
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.
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.,




United States]
notes.

Treasury
notes.

Nationalbank notes.

$256,999,343 $117,180,226 $198,964,396
261,988,258
199,889,368
114,249,700
266,935,759
203,091,318
121,457,600
267,393,905
204,760,226
121,840,500
266,938,032
206,579,490
117,954,807
266.109,456
207,047,546
116,978,708
271.349,327
206,729,667
114,004,381
247,536,753
204,738,609
109,436,662
240,364,416
206,833,159
107,035,426
238,986,280
207,364,028
114,626,669
234,912,497
207,668,852
116,260,322
230,866,873
206,653,836
116,726,769
246,745,840
203,086,897
110,221,185
240,458,673
208,651,379
106,074,650
232,288,482
214,206,029
103,728,966
237,349,381
216,602,179
100,921,025
226,662,755
215,286,650.
98,080,506
225,451,358
216,331,927
95,217,361
237,410,538
214,096,620
93,948,632
231,964,734
215,798,626
91,262,524
249,647,300
220,804,863
88.964,047
256,950,326
222,002,676
83,959,764
274,706,483 " 80,147,901 222,335,419
261,367,758
221,384,148
84,171,221
268,486,236
217,766,273
82,733^382
260,734,616
219,230,343
85,546,621
248,513,640
222,420,183
90,244,810
247,738,136
224,211,934
92,253,627
248,848,703
224,766,143
86,641,406
248,683,578
226,410,767
83.905,197
252,389.952
225,165,465
81.663,887
254.432,314
226,076,827
83.145.312
251,795,544
226,464,135
89,816,063
258,996,998
225,134,263
101,769,956
262,183,000
224,956,210
104,676,398
262,480,927
223,827,756
103,443,936
273,722,410
220,366,293
100,797,666
264,164,186
221,413,230
98,464,430
267,306,587
221,742,388
99,709,432
288,048,318
223,384,790
99,688,970
290,202.987
224,609,636
100,226,855
286,572,329
223,129,703
98,665,580
278,084,187
222,056,642
95,735,663
272.395,581
222,846,926
94,920,654
291,660,165
231,750,720
96,704,283
306,301,620
234,969,964
96,669,780
311,736,046
96,781, 482 238,109,059
312,416,738
238,337,729
94,942,741
309,643,168
237,576,019
93,993,753
308,306,398
239,276,723
94,204,459
310,519,117
240,261,430
94,075,701
312,057,406
238.877,207
93,559,041
311,095,424
238,117,598
93,101,782
310,647,349
237,832,594
92,605,792
311,329,994
238,04«, 960
92,158,536
310,130,421
91,650, 682 238,521,489
314,954,600
239,731,781
89,957,175
•317,264,666
239,067,193
88,893,894
317,811,-976
239,835,786
87,441,680
242,001,643
86,934,351
318.269.365
240,885,761
86,016,740
317,500,312
245,739,581
86,946,227
318.341.366
267,157,624
84,650,059
322,802,644
280,050,340
81,791,059
326,832,448
294,057,670
78,636,759
322,752,949
300,161,652
75,247,497
316, 614,114
311,097,165
72,856,940
317,910,951
314.627.523
69,890,651
317,956,971
319,336,630
67,600,188
324,606,314
325,375,258
65,478,460
333,295,061
326,949,170
63,361,330
333,669,369
332,188,626
61,230,159
334,687,496

NOTES

Total.
$573,143,964
576,127,316
581,484,677
693,994,630
591,472,329
688,135,710
591,083.265
661,712,024
654,233,001
660,876,977
657,741,671
563,236,478
559,053,922
655,084,602
650,222.477
664,872,585
538,928.811
536,000.646
645,456,690
539,025,748
669,316,210
662,912,666
677,188,803
666,923,127
668,985,891
566,611,580
561,178,633
564,203,697
560,256,252
558,899,542
559,109,304
663,653,453
668,075,742
685,891,216
691,815,608
589,752,618
594,886,369
584,041,846
588,757,407
611,022,078
615,039,478
608,367,612
695,876,382
690,162,161
620,116,168
637,841,364
646,626,587
646,696,208
641,212,930
641,785^580
644,856, 248
644,493,653
642,314,804
640,985,735
641,537,490
640,302.542
644,643,556
645,225,753
645,089,442
647,205,359
644,402,813
650,026,174
674,610,327
688,673,847
695,447,278
692,023,163
701,864,056
702,476,146
711,443,132
724,148,879
723,979,859
728.006.180

227

TREASURER,

N o . 4 7 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES
° IN CIRCULATION AT THE END OP EACH MONTH, PROM JANUARY, 1895—Continued.
Month.
1901-^January . .
February .
March
April
May
June
July
August
September
October...
November
December.
1902—January . .
February .
March
April
May
June
July
August
September
October....
November
December.
1903—January...
February .
March
April
May
June
July........
August
September
October...
November
December.
1904—January...
February .
March
April
May.:
June
July
August
September
October...




United States
notes.
$333,054,404
335,421,722
336,889,481
337,610,118
334,483,382
332,468,013
332,820,699
333,975,624
338,029,866
338,781,028
339,341,096
341,166,386
336,681,645
335,402,730
336,693,845
338,108,114
338,144,737
334,291,722
337,428,669
341,141,774
342,930,086
343,639,082
343,783,541
343,770,858
340,207,513
342,392,793
344,274,682
342,073,249
340,109,638
334,248,567
335,195,566
335,377,568
336,378,769
340,961,343
344,293,661
343,272,438
337,692,820
337,312,541
341,407,870
339,777,071
337,304,380
333,769,426
331,679,234
332,811,219
336,924,758
342,132, 421

Treasury
notes.

Nationalbank notes.

$68,091,831 $333,360,391
65,857,327 338,593,012
53,728,232 341,155,427
51,795,097 343,726,282
49,677,284 343,341,849
47,540,246 346,126,521
45,915,905 346,901,722
44,300,417 347,773,315
42,944,781 349,318,214
41.384.614 351,674,562
.40,012,622 361,363,074
349,856,276
38,439,737
37,443,624 346,437,662
35,168,390 347,570,246
33,881,119 348,335,174
32,548,673 348,004,681
31,142,677 347,630,020.
345,476,516
29,802,776
28,636,685 346,046,966
27.622,750 346,557,379
26,741,790 352,383,259
25,748,278 367,007,482
24.922.615 371,552,495
23,920,426 368,678,531
22,865,478 362,404,263
22,125,099 366.787,659
. 21,420,172 372,785,854
20,670,740 381,306,122
19,866,742 395,090,918
19,076,648 399,996,709
18,467,678 401,397,500
17,860,264 399,384,930
17,335,208 404,905,698
16,780,175 408,738,518
16,381,280 412,965,618
16,828,863 413,163,189
15,233.673 408,203,591
14,780,933 416,284,063
14,314,676 424,793,346
13,863,196 424,365,007
13,374,424 431,730,984
12,902,067 433,027,836
12,550,766 432,701,873
12,168,187 433,893,686
11,860,099 442,027,487
11,651,887 446,240,418

Total.
$724,606,626
729,872,061
731,773,140
733,130,497
727,502,616
725,134,779
725,638,326
726,049,356
730,292,861
731,840,204
730,716,791
729,462,399
719,562,831
718,141,366
718,910,138
718,661,368
716,917,434
709,571,014
712,111, 219
715,321,903
722,055,135
736,394,842
740,258,561
736,369,815
726,477,244
731.305,'461
738,480,708
744,060, 111
755,067,198
753,321,924
755.060.643
752,612,762
768,619,676
766,480,036
773,640,549
772,264,480
761,130,084
768,377,537
780,515,892
777,995,273
782,409,788
779,689,318
776,931,873
778,873,092
790,812,344
798,924,726

228
No.

REPORT ON T H E F I N A N C E S .
4 § . — G O L D CERTIFICATES, SILVER CERTIFICATES, AND CURRENCY CERTIFICATES
IN CIRCULATION AT THE END OP EACH MO:NTH, FROM JANUARY, 1895.

Month.
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..
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..




-Gold
certificates.

Silver
certificates.

$52,647,809 $326, 467,272
o,
6,816,415
325,
61,507,769
3,746,756
48,843,189
323,
S,215,271
323,
48,761,009
321,
1,553,171
48,639,669
9,731,752
319,
48.381,569
:0,356,118
320,
48.117,679
3,772,261
323,
49,081,089
0,434,837
330,
50,645,539
3,456,236
50,417,659
333,
50,233,979
335,
5.855.893
49,936,439
336,
6.076.648
1,614,339
49,847,849
331,
332,
2,545,943
43,733,019
7,032,426
43,239,249
337,
8,834,413
43,052,559
338,
6,313,080
42,961,909
336,
1,259,609
42,320,759
331,
1,666,671
39,293,479
331,
38,867,639
345,
5.739.894
354,
38,736,639
4,431,474
38,197,309
357,
7,777,122
38,016,749
356,
6,312,121
37,887,439
356,
6,655,800
37,586,629
361,
1,336,533
37.544.819
363,
3,709,501
37,456,339
364,
4,026,153
37,421,999 "363,
3,753,939
362,
37,387,829
2,768,808
37,285.919
358,
8,336,368
37.226,879
357,
7,938,660
367,
37,017,789
7,863,337
374,
36,898,559
4,620,299
372,
36,814,109
2,838.919
3.298,967
373,
36,725.409
6,695,592
36,557,689
376,
3,615,940
36,494.759
373,
0,287,427
36,440,789
380,
7,770,898
387,
36,319.199
2,686,574
392,
35,951,999
1,225,265
35,883.209
391.
0,659,080
35,820,639
390,
9,119,436
35,693,679
389,
2,990,373
392,
35,473,009
S,
35,393,909
393, 425,735
1,177,576
391,
35,338,909
2,818,146
392,
•35.280,649
2,331,995
392,
35,200,259
2,337,684
392,
33,039,939
6,400,705
32,966,839
396,
8,874,006
32,892,649
398,
0,379,249
400,
32,845,029
1,298,642
401,
32,786,189
1,869,343
401,
32,656,269
3,088,395
32,693,789
403,
3,632,346
68,688,989
403,
0,153,881
400,
98,673,559
4,976,239
394,
127,693,619
4,292,800
150,908,202
394,
5,040,816
161,122,797
395,
6,619,046
184,882,889
396,
0,103,487
181,266,337
400,
3,043,359
173, "642,851 403,
7,193,810
197,627,409
407,
8.477.649
204,049,299
408,
8,499,347
200,656,469
408,
0,557,294
207,603,409
410,
5,875,727
210,388,369
415,
10,265,735
209,110,349
420,
421,
1,380,746
216,695,969
:l,
421, 613,407
231,246,346
;2,399,403
422,
232,787,929

Currency
certificates.
$37, 625,000
36 925,000
36, 825,000
37, 295,000
48: 245,000
55, 405,000
.66 920,000
76: 555,000
63 840,000
56: 740,000
45; 935,000
31 605,000
28; 925,000
32, 826,000
34 460,000
32: 930,000
33; 430,000
31 840,000
41 540,000
38 395,000
34; 305,000
32, 465,000
38, 470,000
50; 330,000
65; 350,000
76, 525,000
74' 460,000
69; 905.000
65: 785,000
130,000
61 335,000
62; 275,000
63: 825,000
52; 285,000
48; 640,000
48: 315,000
43; 075,000
49; 430,000
48; 900,000
37' 915,000
26; 540,000
26; 045,000
26, 975,000
21 280,000
20; 635,000
17 055,000
20; 190,000
20; 465,000
20; 170,000
22, 105,000
23, 335,000
22; 265,000
21 340,000
21 856,000
20, 955,000
19, 170,000
19; 870,000
15, 735,000
13, 605,000
13, 980,000
11 580,000
14 270,000
15; 335,000
14, 260,000
7, 785,000
4, 705,000
3, 680,000
2 560,000
2, 820,000
1 780,000
1; 690,000
1 660,000
1;

Total.
$416,740, 081
414,249, 184
409,414, 945
409,261 280
418,337; 740
423,618; 321
425,392; 697
449,408; 350
444,920, 376
440,6I3; 895
432,024: 872
417,618: 087
410,387 188
409, los; 962
414,731;615
414,816,972
412,704,989
406,420,268
412,490,160
423,002, 633
427,473; 113
428,439,431
432,798, 870
444,873;239
464,273,162
477,779,320
475,942,492
471,080,938
465,941,637
456,762,287
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
• 463,648,474
452,624,719
446,788,115
448,743,382
446,454,644
446,571'484 •
448,288.795
447,997;254
447,547 623
452,472;544
454,101 655
454,489 278
465,424, 831
455,380; 612
465,637: 184
491,491 334
514,697; 440
536,304,758
558,806 002
568,143;613
695,981 934
696,639,824
591,021 210
611,981 219
617, sn:948
612,759 816
620,840, 703
628,824, 096
631,196: 084
638,766; 714
654,549; 753
666,747, 332

229

TREASURER.
N o . 4 8 . — G O L D CERTIFICATES, SILVER

CERTIFICATES, AND CURRENCY

CERTIFICATES

IN CIRCULATION AT THE END OF EACH MONTH, PROM JANUARY, 1895—Continued.

Month.
1901—January . .
February .
March
April
May
June
July
August
September
October...
November
December.
1902—January . .
February .
March
April
May
June
July
August
September
October...
November
December.
1903-January...
February .
March
April
May
June
July.......
August
September
October...
November
December.
1904—January...
February .
March
April
May
June
July
August
September
October...




Gold
certificates.

Silver
certificates.

$275,667,279
267,548,739
248,286,099
253,259,799
251,285,329
245,716,739
255,467,399
259,342,649
277,517,169
281,678,659
282,298,349
277,997,069
307,504,839
305.766.699
298.487,979
303,274,489
306,142,869
306,399,009
314,764,019
306,644,939
304,382,054
342,756,194
345,952,024
346,418,819
376,034,814
373,132,044
362,924,999
381,631,459
381,254,489
377,258,559
386,369,399
394,155,919
394,097,659
401,646,299
404,070,929
421,080,019
469,573,609
462,206,979
449,349,569
463,948,069
460,633,929
466.665,099
600,864,129
503,719,459
486,612,139
490,193,759

$419,739.322
422,340,690
427,206.320
430,573,522
429,620,818
429,640,738
431,050.769
433,550,842
435,437,962
441,810,337
447,852.192
449,492;892
443,011,480
443, 797,296
447,582,692
449,123,604
447,949,416
446,557,662
447,445,642
452,357,023
459,671,478
463,170,438
463,304,840
463,570,632
456.856,599
457,154,583
461,587,553
459,243,646
456,586,731
454,733,013
454,893,932
455,928,384
458,522,216
462,363,039
466,501,082
465,836,290
455,935,828
462,101,102
466,052,079
466,079,084
464,156,826
461,138,698
459,621,910
461,620,160
468,139,876
472,713,832

Currency
certificates.
$995,000
995,000

Total.
$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
730,160,641
727,489,961
750,516, 319
749, 562,996
746.070.571
752,397,993
.754,092,285
752,956,671
762,209,561
759,001,962
763,953.532
805,926,632
809,256,864
809,989,451
832,891,413
830,286, 627
824,512,552
840,876,105
837,841,220
831.991.572
841,263,331
850,084,303
852,619,875
864,009,338
870,572, Oil
886,916,309
925,509,437
924,308. 081
915,401, 648
• 930,027,153
914,790, 755
926.793.797
960,386,039
965,239,619
954,652,015
962,907,591

230
No.

REPORT ON T H E FINANCES.
4 9 . — E S T I M A T E D AMOUNT OP ALL K I N D S OF MONEY IN CIRCULATION AT THE
END OP EACH MONTH, FROM JANUARY,

Month.
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 ..
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 .,




Gold.

Silver.

Notes.

$606,189,411 $117,684,059 $673,143,
468,568,100 115,689,957 676,127,
479,493,899 113,790,903 581,484;
483,111,626 113,066,719 693,994,
483,770,430 112,599,067 691,472,
480.275,057 112,202,880 688,136,
486,778,610 112,279,214 591,083;
479,787,653 112,676,001 661,712;
469,884,062 116,656,070 564,233:
475,181,593 122,186,851 660,876;
480,262,104 124,176,832 667,741
123,623,612 653,236:
484,728,647
499,262,686 121.016.811 559,053;
445,293,691 119,2{50,002 655,084,
445,912,256
117,763,055 650,222,
464,226,666 116,091,869 654,872;
455,876,439 114,074,044 538,928,
456,128,483 112,175,803 636,000,
446,293,944 111,663,368 545,455,
463,995,969 113,145,348 539,025,
478,771,490
116,741,476 669,316,
516,340,979
119,362,538 562,912;
516,729,882 119,727,191 577,188,
517,743,229 120,683,806
666,923,
616,468,129 117,250,606 668,985,
516,315,696 116,088,357 565,611
617,126,767 114.753.812 561,178;
617,321,696
113,954,162 564,203,
520,221,923 113,314,083 560,256,
619,146,675 111,229,742 558,899,
519,074,302 110,787,004
559,109,
521,848,663 112,021,956
563,653,
628,098,753 118,322,186 568,075;
539,273,953 123,629,707 585,89i;
544,494,748 126,109,806 591,815,
647,668,360 127,211,381 589,752,
551,684,924 124,434,236 594,886:
653,884,882 123,291,715 584,04i;
582,129,742 123,181,399 688,757;
617,038,510 123,147,281 611,022;
649,671,881 121,638,423 615,039
660,969,880 121,583,638 608,367
646,246,064 121,287,793 595,876:
630,693,166 122,497,836
690,162;
622,649,812 127,376,768 620,115,
649,846,727 132,316,207 637,841
658,986,513 133,977,609 646,626;
667,796,679 135,811,371 645,696,
696,987,400 132,512,604 641,212,
702,305,269 132,279,219 641,785,
694,865,942 134,033,097 644,866,
701,077,442 133,807,519 644,493,
724,282,177 133,479,197 642,314,
702,060,469 134,057,433 640,985,
700,256,384 133,686,146 641,537,
672,933,192 137,404,073 640,302;
646,561,186 142,801,006 644,643,
634,660,733 147,534,904 646,226,
627,480,101 147,153,188 646,089;
617,977,830 147,071,368 647,205,
•619,447,176 143,317,430 644,402;
612,333,489 143,932,304 660,026,
612,202,698 143,440,271 674,6IO;
616,535,746 143,334,651 688,673,
618,624,630 143,304,115 695,447;
614,918,991 142,723,526 692,023;
622,348,108 142,300,641 701,864;
620,695,656 144,688,145 702,476;
620,047,309 150,608,468 711,443;
621,761,263 154,614,656 724,148,
624,702,913 155,528,839 723,979,
629,192,678 159,305,789 728,006,

1895.

Certificates.

Total.

$416,740,081
414,249,184
409,414,945
409,261,280
418,337,740
423,618,321
426,392,697
449,408,350
444,920,376
440,613,895
432,024,872
417,618,087
410,387,188
409,103,962
414,731,675
414,816,972
412,704,989
405,420,268
412,490,160
423,002,633
427,473,113
428,439,431
.432,798,870
444,873,239
464,273,162
477,779f320
476,942,492
471,080,938
465,941,637
456,762,287
457,600,629
468,166,126
464,343,868
467,938,028
468,664,376
456,568,281
459,085,699
466,158,216
461,990,097
455,553,573
453,648,474
452,524,719
446,788,116
448,743,382
446,454,644
446,571,484
448,288,795
447,997,254
447,547,623
452,472,544
454,101,655
454,489.278
455,424,831
456,380,612
455,637,184
491,491,334
514,697,440
536,304,758
658,806,002
668,143,613
596,981,934
596,639,824
691,021,210
611,981,219
617,311,948
612,769,816
620,840,703
628,824,096
631,196,084
638,756,714
654,649,766
666,747,332

613, 657,515
674,534,557
584,184,424
699,434,154
606,179,556
604,131,968
614,533,786
603,583,028
585,593,509
859,316
195,479
579, 206,724
589,720,607
528,742,057
528,629,463
540,007,082
621,584,283
509,725,200
514,903,142
539,169,634
582,302,289
627,055,614
646,444,746
650,223,400
665,977,688
675,694,953
669,000,694
666,560,383
659,733,895
646,028.246
646,471.139
666,680,098
678,840,538
706,732,904
721,084,538
721,100,640
729,991,228
726,376,659
756,058,646
806,761,442
839,898,256
843; 435,749
809, 198,344
792:
;096,546
816,596,392
866, 575,782
>
;
886,879,504
897,
,301,412
918,260,567
928,842,612
927, 846,942
933;
;867,892
955;
,601,009
932,484,239
931;117,204
942,131,141
948,703,186
963,716,148
978, 528,733
980, 398,170
003,
,149,366
002,931,791
021, 274,506
060, 526,463
074;687,871
062,425,496
087, 353,408
096, 683,042
113,
,294,983
139,181,412
158,
,761,367
173,
,251,879

231

TREASURER.
No.

40.—ESTIMATED

AMOUNT OP ALL K I N D S

OF MONEY IN CIRCULATION AT THE

END OF EACH MONTH, PROM JANUARY, 1895—Continued.
Month.
1901—January . . .
February..
March
April
May
June
July
August
September.
October
November.
December .
1902—January . . .
February..
March
Apj-il
May
June
July
August
September.
October
November.
December .
1903—January . . .
February..
MarcK
April
May
June
July
August
September.
October . . .
November.
December.
1904—January . . .
February..
March
April
May
June
July
August...
September
October ..,

Gold.

Silver.

Notes.

Certificates.

Total.

$615,576, 805 $154,295,181 $724,506,626 $696,401,601 $2,190, 780,213
152,613,697 729,872,061
679, 889,429 2,190, 1,144
628,333, 957
153,163,067
675,492,419
626,824, 954
731,773,140
2,187,243,680
149,099,622 733,130,497 683,833,321
629,240, 796
2,195,304,235
148,067,557
628,021, 296
727,502,515 680,906,147 2,184,497.515
146,287,981
676,356,477 2,177,186,965
630,407, 728
725,134,779
146.784,055 726,638,326
686,618,168 2,189,487,874
630,547, 325
148,809,267 726,049,356 692,893,491
630,037, 710
2,197,789.824
162,739,232 730,292,861
712,955,131
631,201, 267
2,227,188,491
633,858, 471 . 157,112,871 731,840,204 723,488,996
2,246,300,542
157,387,158 730,716,791
730,160.641 2,250,256,230
632.001, 740
158,301,080
727,489,961 2,250,627, 990
635, 374, 650
729,462,399
155,138,712 719,662,831
750,516,319
634,733, 847
2.259,951,709
152,820,313 718,141,366 749,552,995 2,253,969,259
633,454, 685
161,871,887
635,194, 761
718,910,138 746.070.571
2,252,047,357
152,257,929
637,432, 952
718,661,368 752,397,993
2.260,750,242
161,514,629
631,891, 627
716,917,434 754,092,285 2,254,416,975
154,468,577
632,394, 289
709,571,014 752,956, 671 2,249,390,551
165,128,924 712,111, 219 762.209.561
631,156, 433
2,260,606,137
168,399,962 715,321,903
632,209, 118
759,001,962 2,264,932,945
164,949,924 722,056,135
624,728, 060
763,953,632 2,275,686,651
169,416,873
624,373, 645
736,394,842 805,926,632 2,336,111,992
171,783,775 740,268,551 809,256,864 2,362,710,158
631,410, 968
172,661,003
629,680, 632
736,369,815 809,989,461
2,348,700,901
168.346,262 725,477,244 832,891,413
629,023, 915
2,355,738,834
167;141.597
625,262, 655
731,305,451 830,286,627 2,353,996,330
1665 762,285 738,480,708 824.612.562 2,351 757,943
622.002, 398
166,296,044 744,050, 111 840,875,105
2.374.353,720
623,132, 460
165,284,398 755,067,198 837,841,220 2,382,174.825
623,982, 009
165,117,934
753,321,924 831.991.572 2,367,692,169
617,260. 739
164,814,734
755,060,643
2,382,018,498
620,879. 790
841,263,331
165,829,964 752,612,752 850,084,303 2,388,902,178
620,'375, 159
170,826,585
768. 619,675 852,619,875 2,404,617,069
622,650, 934
175.152,197
766.480,036
621,753, 297
864,009,338 2,427,394,868
177,930.766
773,640,549 870,572,Oil
2,449,168,418
627,025,,092
179,204,676
772,254,480 886,916,309
2,466,345,897
627,970, 633
173,433.925
761,130,084 925,509,437 2,487,979,301
627,905. 855
171,886,569 768,377,637 924,308,081 2,503,481,897
638,909,,710
169,796, 973 780,515,892 915,401,648 2,516,639,223
650,924,,710
168,463.291
777,995,273 930,027,153
2,532,646,135
656,159,,418
167.184,826
782,409,788 914,790,755 2,509,279,917
644,894,,648
166,842,169
779,689,318 926,793,797 2,519,142,860
645,817;,676
165,158,611
776,931,873 960,386,039
2,546,589,503
644,112,,980
167,602,461
778,873,092 965,239,619 2,558,279,984
646,664;,8.12
174,840,267
790,812,344 954.662,016 2,562,149,489
641,844,,863
179,851,251
798,924,726
641, 793;,093
962,907,691 2,583,476,661




232

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

N o . 5 0 . — 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 OP EACH MONTH, FROM JANUARY, 1 8 9 5 .

Month.

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 .
December..
1900—January
February . .
March
April
May
June
July.
August
September.
October
November .
December..




Silver and
Goldandgold| silver certificertificates.
cates.

Notes and
currency
certificates.

Total,

$558,837,220 $444,051,331 $610,768,964 $1,613,657,515
520,075,869
441,406,372
613,052,316
1,574,534,557
628,337,088
437.537.659
618,309,677
1.584, 184,424
531,862,634
436,281,990
631,289,630
1,599,434,154
532,309,999
434,152,228
639", 717,329 1,606,179.556
431,934, 632 643,540,710
628.656.626
1,604, 131,968
432,634,332
648,003,265
633,896,189
1,614,533,786
436,447,262
638,267,024
628,868,742
1,603 583,028
446,990,907
618,073,001
620,529,601
1.585,593,509
455,643,087
617,616,977
625,599,252
1,598, 859,316
460,032,725
603,676,671
630,486,083
1,594,195,479
459,700,260
584,841,478
534,664,986
1,579,206,724
452,631,150
587,978,922
549,110,536
1,689,720,607
451,805,945
587,909,502
489,026,610
1,528,742,057
454,795,481
489,151,605
584.682.477
1,528,629,463
454,926,282
497,278,216
587,802,685
1,640,007,082
450,387,124
498,838,348
672,358,811
1,521,584,283
443,436,312
498,449,242
567,840,646
1,609.725,200
443,320,029
484,687,423
586,995,690
1,514,903,142
458,885,242
602,863,608
577,420,784
1,539,169;634
471,172,950
517,508,129
693,621,210
1,582;302,289
554,538,288
596,377,666
1,627,055,614
477.139.660
564,746,631
615,658,803
1,646,444,746
476,039,312
656,630,668
617,253,127
1,650,223,400
477,339,605
653,054,758
634.335,891
478.587,039
1.665,977,688
553,860,515
642,036,580
479,797,858
1,675,694,953
554,682,096
635,638,633
478,779,965
1,669,000,691
554,743,595
634,108,697
477,708,091
1.666,560,383
567,609,752
626,041,252
476,082,891
1,659,733,895
656,432,594
620,029,542
469,566,110
1,646,028,246
656,301,181
621,444,304
468,725,654
1,646,471,139
558,866,352
626,928,453
479,885,293
1,665, 680,098
664,997,312
620.900,742
492,942,484
1,678,840,538
676,088,062
634,176,216
496,468,626
1,706,732,904
581,220,157
640,455.608
499,408,773
1,721 084,538
584,126,049
633.067.618
603,906,973
1,721,100,640
688,079,683
643,961,369
497,950,176
1,729,991,228
590,325,671
1,726,376,659
603.679.142
632.471.846
618,448,941
1,756,058,645
510,952,297
626,657,407
662,990,509
1,806,761,442
615,833,855
637,937,078
685,455,090
1,839,898,256
512,863,688
641.579.478
696,780,519
1,843,435,749
612,242,618
634,412,612
680,939,733
1,809,198,344
510,407,229
617,851,382
666,166,175
1,792,096,645
516,488,209
610,442,161
668,043,721
1,816,596,392
620,802,603
637,750,168
685,185,636
1.866.575,782
623,493,782
657,896,364
694,267,162
1,886,879,504
626,796,755
665,816,687
702,996,-838 528,143,366
1,897,301,412
666,161,208
730,027,339
1,918,260.557
624,850,288
663,382,930
736,272,108
1,928,842,612
628,679,924
664,890,680
727,748,591
1,927,846,942
532,907,103
667,191,248
733,922,471
1,933,867,892
534,186,768
665,758,653
757,068,366
1,955,501,009
534,777,839
663,654,804
734,716,728
1,932,484,239
536,926,776
661,840,735
732,850,173
1,931,117,204
536,774,541
661,492,490
741,622,181
1,942,131,141
641,036,418
659,472,542
745,234,744
1,948,703,186
642,954,886
660,513,556
762,244,262
1,963,716,148
658,960,763
542.611.143
778,388,303
1,978,528,733
658,694,442
541,446,988
1,980,398,170
669,185,359
779.100.627
542,112,184
2,003, 149,355
658,982,813
804,330,065
539,836,477
2,002,931,791
665,296,174
793,699,826
644,035,791
688,945,327 • 2,021,
785,845,549
274,506
646,483,630
814,063,155
2,060, 525,463
650.628,461
695.933.847
822,673,829
2,074,687,871
651,781,764
700,232,278
816,474,460
2,062,425,496
661,222,873
695,728,163
829,961,617
2,087,353,408
652,867,835
704,644,056
831,084,026
2,096,683,042
660,663,872
705,035,145
829,157,658
2,113,294,983
570,874,193
713,263,132
837,357,232
2,139,181,412
675,896,401
726,928,779
866,949,262
2,168,761,367
577,142,246
726,669,869
861,980,507
2,173,251,879
681,705,192
729,666,180

233

TREASURER.
No. 50.

-ESTIMATED AMOUNT OF

GOLD

AND

GOLD

CERTIFICATES,

SILVER AND

SILVER CERTIFICATES, ETC.—Continued.

Month.
1901—January...
February..
March
April
May
June
July........
August
September
October...
November
December.
1902—January...
February .
March
April
May
June
July
Augu.st
September
October...
November
December.
1903—January...
February .
March
April
May
June
July
August:...
September
October...
November
December.
1904—January . .
February.
March
April
May
June
July
August
September
October...




Silver and
Goldandgold silver certifi- Notes and
currency
certificates.
cates.
certificates.

Total.

$891, 244,084 $574,034,503 $725,601,626 $2,190,780,213
885, 882,696 574,854,387 729,872,061 2,190,609,144
875, 111,053 680,359,387 731,773,140 2,187,243,580
882, 600,594 679,673,144 733,130,497 2,196,304,235
879, 306,625 677,688,376 727,581, 890 2,184,676,890
876, 123,467 675,928,719 725,214,094 2,177,266,280
886, 014,724 577,834,824 725,717,601 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
914 300,089 606,239,350 730,716,791 2,250,256,230
913. 371,619 607,793,972 • 729,462,399 2,250,627,990
942, 238,686 698,150,192 719,562,831 2,259;951,709
939, 210,284 596,617,609 718,141,366 2,253,969,259
933; 682,740 699,454,479 . 718,910,138 2,252,047,357
940, 707,441 601,381,433 . 718,661,368 2,260,750,242
938, 034,495 599,464,045 716,917,434 2,254,415,975
938, 793,298 601,026,239 709,571,014 2,249,390,551
945, 920,452 602,574,466 712,111, 219 2,260,606,137
938, 854,057 610,756,985 716,321,903 2,264,932,946
929, 110,114 624,-521,402 722,055,135 2,275,686,651
967, 129,839 632,587,311 736,394,842 2,336.111,992
977, 362,992 635,088,615 740,268,651 2.352,710,158
976, 099,461 636,231,635 736,369,815 2,348,700,901
1,006, 058,729 625,202,861 725,477,244 2,355,738,834
998, 394,699 624,296,180 731,305,461 2.353,996,330
984, 927,397 628,349,838 738,480,708 2,361,757,943
1,004, 763,919 625,539,690 744,050, 111 2,374,363,720
1,005, 236,498 621,871,129 755,067,198 2,382,174,825
994, 619,298 619,850,947 753,321,924 2,367,692,169
1,007, 249.189 619,708,666 766,060,643 2,382,018,498
1,014, 531,078 621,768,348 752,612,752 2,388,902,178
1,016, 648,693 629,348,801 758,619,675 2,404,617,069
766,480,036
2,427,394,868
1,023, 399,696 637,515,236
1,031, 096.021 644,431,848 773,640,549 2,449,168,418
1,049, 050,562 645,040,865 772,254,480 2,466,345,897
1,097, 479,464 629,369,763 761,130,084 2,487,979,301
1,101, 116,689 633,987,671 768,377,637 2,503,481,897
1,100, 274,279 635,849,062 780,615,892 2,616,639,223
1,120, 107,487 634,542,375 777,996,273 2,532,645,135
1,096, 628,477 631,341,652 782,409,788 2,609,279,917
1,111, 472,675 627,980,867 779,689,318 2,519,142,860
1,144, 977,109 624,680,521 776,931,873 2,646,589,503 1,150, 384,271 629,022,621 778,873,092 2,568,279,984
1,128, 357,002 642,980,143 790,812,344 2,662,149,489
1,131, 986,852 652,566,083 798,924,726 2,583,476,661

234

REPORT ON T H E FINANCES.

No.
5 1 . — C H A N G E S I N T H E V O L U M E O F M O N E Y I N CIRCULATION, FROM I N T E R N A L
E X P A N S I O N A N D CONTRACTION, A N D PROM IMPORTS A N D E X P O R T S O F G O L D , DURING
EACH M O N T H , F R O M J A N U A R Y , 1895.

Month.
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 .
December..
1900—January . . .
February . .
March
April
May
June
July
August
September.
October
November .
December..




Internal - Net imports Net exports
Internal
ofgo.ld.a
expansion. I contraction. of gold, a

$43,189,961
6,629,577
13,219,969
3,474,209
4,011,338

$4,067,003
4,120,290
2,029,761
3,271,193
1,963,760

817,856
10,712,469

5,781,686

7,006,367

6,009,954
8.905,546
6,976,335
4,867,922

"6,"736,"3i4

1,520,373
6,830,007
*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
3,476,743
16,871,489
6,308,084
2,712,569
6,037,716
21,043,117

2,392,807
4,146,601
11,040,095
1,845,678
1,636,475
3,060,581
4,298,697
29,565,911
31,021,514
13,009,477
2,809,245
998,418
13,139,644
13,389,854
15,022,631
3,806,980
6,946,166
4,087,666
4,273,971
1,716,899
983,234
690,000'

4,860,437
1,119,713
10,379,499
6,121,929
9,562,673
13,936,636
8,825,297
26,970,199

18,422,799
11,859,083
5,177,942
24,266,492
43,132,655
44,753,326
19,389,132
% 778,654
16,754,288
9,717,265
6,694,259
2,440,311
6,826,488
13,705,649
442,893
19,208,959
13,160,440
27,892,366
14,351,634
16,102
8,890,688
3,614,569

34,237,405
17,101,799
24,499,847
49.979,390
20,303,722
10,421,908
20,969,146
10,682,066
6,020,950
21,633,117
18,166,333
247,322

6,966,860
4,219,014

17,811,510
38,217,530
23,262,539

4,663,837
14,988,766
10,513,883

29,681,986
50,702,797
33,136,'814
3,537,493

634,438
1,460,116
5,460,289
876,060
338,998

13,265,807

60,978,650
112,594

2,086,997
34,098,080
27,617,916
6,920,829
2,161,269
184,677
208,003
312,098

3,669,643
2,079,057
6,310,815
16,816,162
9,013,939
16,852,271
12,606,956

ii,"377,"6i9

10,950,768
17,989,519

9,376,389
293,653

14,040,117
76,616
15,680,155
22,179,496
9,034,576
17,136,410
12,468,303
1,617,395
15,569,611
9.609,262

2,047,588
10,401,818

2,662^498
18,499,416
6,077,397
10,402,213

1,314,910
13,342,664
8,804,351
70,353,939
406,247

$9,649,867
15,249,730
6,746,402
3,296,067
15,133,175
16,674,609
76,867
13,468,188
14,170,899
198,686

13,697,886
4,182,417

121,434
531,205
1,033,427
9,100,131
6,841,102

'6,"42i,"263"

Net
decrease.
$12,911,107
39,122,968

$24,698,489

$11,787,382

22,687,326
24,979,028
13,924,234
17,067,386
10,116,626
11,950,045

Net
increase.

2,231,686
15,640,394
2,687,707
8,829,044
9,464,330
2,640,467

a Imports a n d exports of gold in the ore not included.

23,016,770
1,367,036
11,013,937
6,672,045
15,012,962
14,812,686
1,869,437
22,761,186
18,342,715
39,250,957
14,162,408
12,262,376
24,918,912
9,338,634
16,611,941
25,886,429
19,579,956
14,490,512

235

TREASURER.
No.

5 1 . — C H A N G E S IN THE VOLUME OP MONEY IN CIRCULATION, FROM
EXPANSION AND CONTRACTION, ETC.—Continued.

Month.
1901—January . . .
February . .
March
April
May
June
July
August
September.
October
November .
December..
1902—January . . .
February . .
March
April
May
June
July
August
September.
October
November .
December..
1903—January
February . .
March .
April..'.
May
June
July
August
September .
October
November .
December..
1904—January
February . .
March
April
May
June
July
August
September .
October

Internal
Internal
Net imports Net exports
expansion, contraction.
of gold.
of gold.

Net
increase.

$1,194,825
4,694,739

3,445,191
9,204,928
2,581,162
1,530,707

1,622,417
4,729,448
13,831,576
5,809,836
22,866,294
18,094,883
16.216,854
3,445,496
10,641,118
1,690,264.
891,770
10,641,084

2,412,839
6,642,373
1,017,168

5,096,678
5,403,077
18,206,310
5,741,434
8,795,537
53,238,863
14,324,661

$171,069
3,366,564

$1,023,756
1,229,175

11,606,846

8,060,655
10,727,345
7,310,610

12,300,869
8,222,675
29,398,667
19,112,061
11,260,166 . 3,956,688
3,073,736
371,760
1,217,399
9,323,719
7,672,704
2,813,672
1,938,199
8,702,886
1,237,689

377,653
6,990,724
1,414,626
1,958,169
7,186,478
2,273,516
823,622

1,249,080
4,919,036

"2,'680,'648'

4,022,287




3,167,989
1,599,264
1,929,375
7,683,670
14,634,607
6,666,9.15
3,222,044
5,023,961
2,690,044
7,626,627
1,496,587

6,334,267
5,025,424

4,009,257
7,037,933

1,742,604
2,238,387
857,784 22,695,777
13,669,647
7,821.106
10,460,369
14,482,656
6,748,309 "i4,'326," 329
6,883,680
15,714,891
22,777,799
21,773,650
17,177,479
21,633,404
15,602,596
13,157,326
9,895,428 16,005,912
33,165,819
23,365,218
9,862,943
27,446,643
3,792,549 11,690,481
3,869,505
21,327,172
"'493,'424"

23,453,661
21,490,762

5,982,450
1,921,902

11,215,586
4,326,808
10,753,706
60,425,341
16,598,166

1,522,780

21,074,638
3,715,691
14,116,627
20,848,424
14,089,880
2,642,872
14,966,489
12,280,652
8.133,375
25,901,340
9,800,601
7,172,899
19,921,016
15,483,030
2,372,918

Net
decrease.

$4,663,142 $17,528,334

$22,191,476

6,214,411

INTERNAL

236
No.

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

5 2 . — 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, 1895.

Month.
1895—January
February...
March
April
May
June.
July...
August
September..
October
November..
D e c e m b e r ..
1896—January
February...
March.'.
April
May
June
July
August
September..
October
November..
December..
1897-- J a n u a r y
February...
March
April
May
June
, July
August
September..
October
November..
December.
1898—January
February...
March
April
May
,
June
July
August
September.,
October . . . .
Noyember..
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.




United States
notes.
$43,41.5,283
4,784,907
809,496
733,526
734,747
644.621
3,122,620
16,218,816
17,119,814
1,849,018
16,616,190
19,787,961
16,686,024
21,080,551
6,381,296
6,764,718
21,726.600
7,963,994
16,276,406
11,388,806
3,436,733
9,906,832
3,137,149
858,444
594,412
521,355
679,382
6,934,576
8,044,966
6,694,864
5,072,208
2,876,606
2,698,140
2,605,376
1,786,711
1,816,734
1,106,648
1,407,273
1,329,0.38
779,668
268,041
767,367
3,860,995
662,111
381,082
313,242
601,398
1,740,946
2,556,940
2,165,856
1,600,632
1,266,091
1,878,189
1,848,634
1,676,685
1,390,631
619,640
651,817
1,126,580
1,532,984
2,300,189
1,478,666
980,363
4,632,390
7,100,606
6,447,160
2,419,705
1,430,236
999,959
1,623,349
3,943,142
2,330,402

Treasury
notes.
$1,702,455
776,046
279,690
284,046
431,746
401,575
704,175
345,262
267,670
317,865
418,400
424,744
762.484
656,326
476,250
376, 900
312,947
297,353
1,009,672
980,919,
1,224,713
2,167,003
925,261
273,402
361,656
402,769
669,947
567,433
837,635
618,681
202,935
240,670
144,033
190.925
323,706
203,665
103,368
228,540
254,732
376,239
280,966
146.485
230,072
61,651
62,789
34,336
151,865
933,809
1,670,782
846,049
743,221
626,179
847,189
889,318
631,406
686,917
585,580
237,011
98,440
304,128
891,244
111,486
162,200
540,416
1,381,545
1,341,466
219,951
12,030
1,660
7,365
12,098
49,108

Total.
$45,117,738
5,560,952
1,089,085
1,017,671
1,166,192
1,046,196
3,826,795
16,664,067
17,377,484
2,166,883
16,034,690
20,212,696
16,448,508
'21,736,876
6,856.546
7.130,618
22,039,547
8,261,347
17,285,078
12,369,726
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
6,276,143
3,116,276
2,742,173
2,696,301
2,110,416
2,019,399
1,209,916
1,635,813
1,583,770
1,156,907
648,997
903,852
4,091,067
613,762
443,871
347,678
653,253
2,674,764
4,227,722
3,001,906
2,343,753
1,781,270
2,725,378
2,737,952
2,208,091
2,076,548
1,105,220
888,828
1,226,020
1,837,112
3,191,433
1,590,041
1,132,663
6,072,805
8,482,051
6,788,625
2,639,656
1,442,265
1,001,619
1,630,704
3,955,240
2,379,610

I m p o r t s of
g o l d . Cl
$1,231,339
6,632,197
7,246,384
4,923,371
4,856,264
2,096,391
671,451
1,534,086
749,456
1,797,040
591,309
1,310,448
10,367,940
11,559,089
677,733
1,119,768
604,498
. 837,669
1,605,928
4,057,101
34,169,130
27,961,083
7,344,228
2,667,116
656,621
644,700
884,166
619,462
• 661,666
650,343
692,197
4,376,396
4,289,423
11,351,766
2,-545,018
2,110,013
6,716,776
6,329,109
30,214,745
32,345,138
13,118,634
3.184,774
2.492,231
15,095,652
16,489,419
16,302,457
4,716,737
8,166,803
5,843,107
4,841,933
2,823,934
2,146,718
2,637,156
2,751,844
2,357,536
2,731,270
2,069,111
5,836,791
1,136,960
4,895,241
1,469,508
1,522,940
1,593,716
2,994,496
3,106,265
1,248,866
5,502,373
2,439,432
3,490,439
9,264,260
10,130,082
2,941,880

a I m p o r t s a n d e x p o r t s of g o l d i n t h e o r e n o t i n c l u d e d .

E x p o r t s of
gold, a
$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
61,060
343,168
423,399
406,850
371,94^1
336,697
672,068
6,629,406
9,467,211
7,626,678
6,460,119
1,983,588
142,922
311,671
699,340
673,538
2,666,195
1,030,412
658,834
1,323,624
109,157
375,529
1,493,813
1,965,908
3,099,565
1,279,826
910,757
1,219,638
1,766,451
667,962
1,107,035
1,162,484
2,047,156
20,908,177
2,604,867
2,096,832
618,995
376,602
260,910
11,861,101
5,688,522
1,401,606
1,062,510
1,961,069
12,205,396
8,089,968
3,270,787
18,079,826
802,732
436,216
665,752
401,413 .

237

TREASURER.

S^o. 5 2 . — U N I T E D STATES NOTES AND TREASURY NOTES REDEEMED IN GOLD, AND
IMPORTS AND EXPORTS OP GOLD, DURING EACH MONTH, PROM JANUARY, 1895—Con.

Month.
1901—January . . .
February..
March
April
May
June
July
August
September.
October
November.
December .
1902—January . . .
February..
March
April
May
June
July
August
September.
October
November.
December .
1903—January . . ,
February.,
March
April
,
May
,
June
,
July
,
August
September,
October
November
December ,
1904—January..
February.
March
April
May
June
July
August...
September
October...

No.

$7,066,430
1,488,211
510,777
833,735
798,285
442,203
833,420
2,141,675
760,705
2,333,096
1,667,890
2,231,544
5.106,090
1,031,734
198,539
260,930
359,343
568,626
411,652
301,583
263,425
327,838
321,362
624,700
1,005,816
294,300
455,975
1,129,685
1,178,466
939,928
961,450
663,950
407,203
664,690
683,540
1,108,995
1,326,461
1,059,983
1,049,435
1,034,718
1,200,768
920,886
1,319,800
662,466
630,475
646,230

Treasury
notes.

Total.

I m p o r t s of
gold.

$7,100,411 - $3,537,217
1,500,111
1,426,683
615,652
1,705,444
885,525
1,437,176
819,985
870,336
452,533
2,700,412
845,565
1,228,544
2,315,616
2,519,063
881,012
6,663,865
2,409,965
4,866,005
1,824,251
4,622,790
2,314,174 • 1,660,094
5,216,680
752,306
1,139,411
938,683
• 272,793
1,567,471
377,006
898,960
460,653
725,183
700,265
762,693
614,926
848,015
386,666
873,988
329,870
2,446,005
438; 140
*8,612,451
388,012
2,972,110
581,940
1,313,092
1,152,600
877,333
372,426
992,331
628,110
3,715,663
1,199,055
837,132
1,336,376
803,361
1,039,228
2,014,819
1,033,060
2,337,593
707,110
3,229,605
443,695
2,537,008
727,685
2,240,320
697,646
8,511,322
1,149,136
15,958,625
1,396,770
7,193,200
1,080,598
3,908,568
1,054,800
8,053.037
1,070,818
9,636,844
1,235,428
9,889,837
958,600
4,139,363
1,352,976
8,422,809
699,055
6,949,529
547,136
4,241,035
674,870

$43,981
11,900
4,876
61,790
21,700
10,330
12,145
173,941
120,307
76,870
166,361
82,630
111,490
107,677
74,254
116,076
101,210
131,630
103,273
85,082
66,445
110,302
66,660
67,240
146,685
78,125
72,135
69,370
157,910
99, 300
71,610
43,160
36,392
62,995
14,005
40,140
71,319
20,615
5,366
36,100
34,660
37,616
33,176
36,590
16,660
28,640

E x p o r t s of
gold.
$8,200,359
402,927
476,269
4,882,367
10,076,264
6,281,574
2,759,261
106,224
121,492
3,848,837
15,882,956
4,733,830
1,969,705
8,611,387
4,381,143
2,837,159
1,962,772
386,040
7,838,739
2,288,614
487,836
1,426,973
698,5952,835,872
53,811
1,486,755
1,034,916
1,694,916
14,472,998
12,476,188
9,086,902
61,516
937,744
310,945
827,662
1,324,918
526,285
686,624
3,029,086
19,432,272
43,066,656
1,449,319
897,182
10,742,078
2,744,448

5 3 . — U N I T E D STATES NOTES AND TREASURY NOTES REDEEMED IN GOLD, AND
IMPORTS AND EXPORTS OF GOLD, DURING EACH FISCAL YEAR, PROM 1890.

Fiscal year.
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904

IJnited States
notes.

•

.




United States
notes.
$732,386
6,986,070
6,352,243
66,319,125
68,242,408
109,783,800
153,307,691
68,372,923
22,301,710
18,646,016
28,637,601
23,776,433
17,482,690
7,154,718
11,081,068

Treasury
notes.

Total.

'
$3,773,600
46,781,220
16,599,742
7,570,398
6,348,365
9,828,991
% 696,253
6,997,260
6,960,836
446,678
1,274,590
1,112,627
473,976

$732,386
5,986,070
9,126,843
102,100,346
84,842,150
117,354,198
158,655,956
78,201,914
24,997,963
25,642,266
35,698,337
24,223,111
18,757,180
8,267,245
11,555,044

a Gold in the ore not included.

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
45,446,734
27,205,657
26,306,190
77,536,222

E x p o r t s of
gold.a
$17,274,491
86,362,654
60,195,327
108,680,844
76,978,061
66,131,183
112,309,136
40,114,722
16,324 929
37,507,771
48,218,168
52,968,446
47,599,796
46,793,212
80,726,919

238

REPORT ON T H E

N o . 54.—TREASURY

FINANCES.

NOTES OF 1890 RETIRED BY REDEMPTION IN SILVER DOLLARS

AND O U T S T A N D I N G , T O G E T H E R W I T H T H E S I L V E R I N T H E T R E A S U R Y
BY SUCH N O T E S , FOR E A C H M O N T H , F R O M J A N U A R Y , 1895.

Month.
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
December.
1900—January . .
February .
March
April
May
June
July
August
September
October...
November
December.




Retired by
redemption. Outstanding.
$72,190 $150,751,641
46,384 160,705,157
375,068 150,330,089
745,618 149,584,471
1,540,191 148,044,280
1,955,880 146,088,400
698,120 145,490,280
995,000 144,495,280
829,000 143,666,280
2,574,000 141,092,280
1,509,000 139,583,280
1,812,000 137,771,280
447,000 137,324,280
605,000 136,719,280
638,000 136,081,280
3,012,000 133,069,280
1,684,000 131,386,280
1,702,000 129,683,280
1,340,000 128,343,280
1,602,000 126,741,280
1,737,000 126,004,280
1,775,000 123,229,280
1,552,000 121,677,280
1,861,000 119,816,280
1,418,000 118,398,280
848,000 117,550,280
419,000 117,131,280
436,000
116,696,280
914,000 116,782,280
916,000 114,867,280
953,000 113,914,280
1,242,000 112,672,280
1,338,000 111,334,280
2,021,000 109,313,280
1,520,000 107.793,280
• 1,445,000 106,348,280
817,000 105,531,280
862,000 104,669,280
1,054,000 103,615,280
924,000 102,691,280
710,000 101,981,280
774,000 101,207,280
994,000 100,213,280
953,000
99,260,280
711,000
98,549,280
716,000
97,833,280
640,000
97,193,280
670,000
96,523,280
641,000
96,982,280
471,000
96,511,280
567,000
94,954,280
436,000
94,618,280
493,000
94,025,280
607,000
93,518,280
438,000
93,080,280
564,000
92,616,280
1,349,000
91,167,280
1,339,000
89,828,280
802,000
89,026,280
706,000
88,320,280
449,000
87,871,280
673,280
87,198,000
1,823,000
85,375,000 I
2,746,000
82,629,000
3,189,000
79,440,000
3,413,000
76,027,000
2,489,000
73,538,000
3,160,000
70,388,000
2,674,000
67.714,000
2,161,000
.65,563,000
2,116,000
63,448,000
2,061,000
61,397,000

Bullion in
Treasury.
$124,250,981
124,050,981
124,185,805
123,987,305
123,870,712
123,858,712
124,001,762
124,001,762
124,001,672
124,001,672
124,001,672
124,001,352
124,001,352
122.501,352
121,438,948
120,239,847
119,295,286
118.365,698
117,766,676
115,450,491
113,572,418
112,059,846
110,876,390
109,777,784
108,488,116
107,706,232
106,733,303
105,780,777
104,828,251
103,800,623
104,261,076
104,261,076
104.161,026
103,641,026
102,267,153
101,133,402
100,261,803
99,727,902
98,802,461
98,410,528
97,503,425
97,082,982
96,839,691
95,324,638
95,101,752
93,339,933
92,384,603
90,846,434
90,129,671
89,008,993
87,564,603
86,601,928
84,778,738
84,169,626
83,917,182
83,469,770
82,862,657
82,123,839
81,474,049
80,778,918
79,626.140
78,270, 606
74,862,618
72,709.403
.71,126,896
69,873,837
69,266,686
67,873,779
64,762,028
62,022,872
57,600,261
56,937,918

PURCHASED

Dollars in
Treasury.
$26,500,560
26,«654,176
26,144.284
25,597,166
24,173,568
22,229,688
.21,488,518
20,493,518
19,664,608
17,090,608
15,581,608
13,769,928
13,322,928
14,217,928
14,642,332
12.829.433
12,089,994
11,317,582
10,576,604
11,290,789
11,431,862
11.169.434
10,800,890
10,038,496
9,910,164
9,844.048
10,397,977
10,915,503
10,954,029
11,066,657
9,653.204
8,411,204
7,173,254
5,772,254
5.526.127
5,214,878
5,269,477
4,941,378
4,812,819
4,280,752
4,477,855
4,124,298
3,373,589
3,935,642
3,447,528
4,493,347
4,808,677
5,676,846
5,862,609
6,502,287
7,389,777
8,016,352
9,246,542
9,348,655
9,163,098
9,046,510
8,304,623
7,704,441
7,552,231
7,541,362
8,246,140
8,927,395
10,612,382
9,919,597
8,313,104
6,153,163
4,271,314
2,514,221
2,951,972
3.540.128
6,847,749
4,459.082

239

TREASURER.
No.

5 4 . — T R E A S U R Y NOTES OF 1890 RETIRED BY R E D E M P T I O N
Continued.
AND O U T S T A N D I N G , E T C .

Month.
1901—January...
February .
March
April
May
June
July
August
September
October . . .
November
December
1902—January . .
February .
March
April
May
June
July
August . . .
September
October . . .
November
December
1903—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1904—January...
February .
March
April
May
June
July
August
September
October...




Retired by
redemption. Outstanding.
$3,119,000
2,321,000
2,076,000
2,001,000
2,096,000
2,001,000
1,754,000
1,696,000
1,407,000
1,592,000
1,324,000
1,614,000
1,063,000
2,187,000
• 1,383.000
1,326,000
1,331,000
1,307,000
1,237,000
1,062,000
866,000
1,040,000
742,000
1,001,000
1,100,000
721,000
731,000
706,000
782,000
770,000
687,000
586,000
472,000
624,000
446,000
522,000
684,000
476,000
474,000
385,000
514,000
496,000
326,000
428,000
259,000
353,000

$58,278,000
66,957,000
53,881,000
,51,880,000
49,784,000
47,783,000
46,029,000
44,433,000
43,026,00041,434,000
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
22,963.000
22,232,000
21,501,000
20,795,000
20,013,000
19,243,000
18,556,000
17,970,000
17,498,000
16,874,000
16,428,000
15,906,000
16,322,000
14,846,000
14,372,000
13,987,000
13,473,000
12,978,000
12,663-, 000
12,225,000
11,966,000
11,613,000

IN S I L V E R

Bullion in
Treasury.
$54,853,287
53,790,726
52,407,220
50,769,506
48,890,894
46,789,497
45,801,633
44,426,792
42,244,769
41,306,649
40,030,890
38,544,000
37,506,000
35,332,037
33,956,376
32,620,815
30,870,792
29,960,039
28,368,763
27,209,244
24,439,639
24,656,601
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
15,601,648
14,982,959
13,616,046
12,711,491
11,679,610
7,151,148
7,142,510
5,829,230
6,368,139
5,437,156
6,074,026
4,916,944
3,908,361
3,021,439
2,494,572

DOLLARS

Dollars in
Treasury.
$3,424,713
2,166,274
1,473,780
1,110,494
893,106
993,503
227,367
6,208
781,231
127,351
79,110
52,000
27,000
13,963
7,62417,185
436,208
39, 961
394,237
491,756
2,396, 361
1,239,399
1,386,199
996,333
1,012,948
1,259,837
1,354,609
1,629,770
1,649,733
3,406,443
2,719,443
2,368,452
2,515,041
3,257,954
3,716,509
4,326,490
8,170,852
7,703,490
8,642,770
8,618,861
8,035;844
7,903,974
7,736,056
8,316,649
8,944,561
9,118.428

240
No.

REPORT ON T H E F I N A N C E S .
55,—TRANSACTIONS BETWEEN THE SUBTREASURY AND CLEARING
N E W Y O R K DURING EACH MONTH, FROM JANUARY, 1895.

Month.

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
December.
1900—January...
February .
March
April
May..
June
July
August
September
October...
November
December.




Checks sent to
clearing house.

Checks received
from clearing
house.

,113.94
$6.503,
5,534,708.40
16,060,989.36
10,953,209.34
6,330,245.41
6,277,243.46
8,472,433,17
7,297,287,71
8,630,491,53
9,717,241.20
7,151,071,14
8,427,679,96
7,433,301.21
998,19
894,19
6,596,175,83
6,355,426,64
6,304,433.66
10,195,047.52
11,198,162.53
9,335,484,24
16,634,665.17
11, 111,
163.22
14,224,616.33
12,241,179.33
11.950,116.61
9,582,136,53
8,088,623,04
7,733,129.47
8,692,301,09
11,413,034.66
9,699,221,32
9,878,051.51
9,378,199.53
7,324,827,36
21,934,834.82
16,884,185,86
16,028,499.87
12,768,808.99
17,253;506,44
8,248,475,83
8,107,996.83
26,886,820,61
14,521,789,77
11,673,848.18
8,410,838,76
12,056,656.33
14,698,582.86
16,080,014.63
16,866,513.43
21,989,847.49
13,760, 145.14
12,444,321.09
14,490,707,28
20,063,961,00
16,272,766.67
15,256,156.16
21,935,137.30
17,733,963.81
16,084,041.61
6,887,638,26
16,864,457,09
16.951,605.31
14,837,015.63
13,661,876.73
14,016,804.63
16,980,439,46
17,691,141.32
18,611,973,88
23,632,066,85
18,769,969,89
17,778,679.96

$30,978;176,94
16,274,106.37
16,830,204,43
23,923,683.01
19,963,443.78
16.687,081.19
25.391.457, 64
18.400.014,57
14,248,176.49
22,756.865.43
16,963,644.64
18,898,002.76
32,516,004.85
23,057,302.06
16,034,459. 91
24.070,236.35
21,374,603,04
20,049,279.26
28,306,590.22
073.63
. 20,328,
22,173,994.55
25,572,863.60
23,034,321.84
22,280,135.87
35,599,831,00
20,643,287.08
21,316,665,70
642,93
• 27,556,
24,403,098.79
21,529,445,74
30,245,153.02
23,688,678.07
17,982,751.97
25,239,714.81
21,889,838.51
32,722,727.87
36,226,949.27
20,648,392.09
22,457,538.14
31,652,863,70
23.997,167.10
27,620,885.76
39,032,417.38
31,398,860,62
27,167,484.99
42,479,126.98
26,853,576.76
29,308,703.33
60,806,422.88
28,769,844,05
27,189,345.62
31,665,.656,09
49,049,269.61
27,132,086.03
33,931,438.23
31,277,960.28
24,900,285.20
39,450,076.44
36,680,641.48
33,226,979.67
40,017,881.27
26,835,485.91
30,717,942.00
47,749,468,43
34,224,286.77
31,796,373.21
40,717,247,66
52,774,626,33
36,791,749.99
46,517,580,77
40,822,681.69
36,213,790.79

HOUSE

IN

Balances due Balances due
subtreasury. clearing house.

$1,233,766,36
241,501,64
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

3.18,618.71
20,792,45
118,338,74
7,677,739,23
7,282,665,74
4,415,981,40
1,992,718,86
2,546,068.68
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
55,464,92
234,257.16
51,239.03
660,304,43
475,893,75
696,400,56
643,102,97
2,373,218,96
508,135,63

434,949.13
191,695.17
140,96L16
163,624.88

$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
6,958,489.16
13,058,662.68
9,802,573,50
10,470,322,81
25,082,703.64
14,467,303.87
7,746,565.72
17,474,060.52
16,019,177.40
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
16,861,515.28
14,665,Oil,15
18,466,632,28
26,625,329.15
9,035,873,62
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
15,123,161.20
34,859,337.88
12,940,677.26
11,570,208.04
17,815,610.95
36,604,948.62
12,696,832.67
14,101,744,39
15,056,442,64
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
32,912,452,90
20,662,410,04
17,779,668.68
23,736.808.10
35.083,485.01
17,614,726,24
23,177,210.09
22,203,582.85
18,698,835.72

241

TREASURER.
IfSo.

55.—TRANSACTIONS BETWEEN THE SUBTREASURY AND CLEARING HOUSE
N E W Y O R K DURING EACH MONTH, PROM JANUARY, 1895—Continued.

Checks sent to
clearing house.

Month.

1901—January...
February..
March
April
May
June
July
August
September
October...
November
December.
1902—January...
February..
March
April
May
June
July
August
September
October...
November
December.
1903—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1904—January . .
February .
March
April
May
June
July
August—
September
October...

FI 1904

$13,048, 733.12
19,294, 246.42
18,971, 279.66
19,267, 076.36
14,269, 141.30
16,802, 058,84
24,187, 227.14
20,846, 527.39
15,861, 973.28
22,243, 036.82
17,200, 068,57
19,153, 408.72
14,769,296; 32
14,359, 023,10
16,936, 601,12
16,371, 135.29
16,349, 586.83
16,786,003,43
20,370, 851.88
16,047, 695.73
16,173, 260.82
16,426, 624.21
18,661 487.99
20,448, 316.16
17,629, 065.77
18,794, 219.77
19,462, 891.18
16,162, 444.79
15,584, 144.63
15,675, 064.15
21,352, 287.08
19,412, 283,64
16,438, 641.60
24,170, 432,36
26,032, 620,86
20,338, 506.14
19,869, 173.93
19,140, 107.08
21,783, 631.68
17,329, 814.38
51,372, 324.61
19,214, 667.27
24,360, 480.60
21,814, 238.63
26,164, 253.26
29,768, 061.18

16




Checks received
from clearing
house.
$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
32,156,715.22
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
38,675, 784.49
34,696, 911.63
31,355, 179,99
43,898, 816.26
38,489, 615.30
38,106, 006,95
48,698, 201. 62
34,184, 703.28
38,733, 269.50
49,200, 686.17
44,715, 261.15
41.890, 705.64
47,787, 187.02
72.891, 013.31
38,334, 047. 66
52,133, 672.23
45,554. 616,56
32,401, 619.62
46,538, 366.31

Balance due
Balance due
subtreasury. clearing house.
$32,977, 308.27
13,365, 413.93
8, 686,
716,74
18, 292,195.07
18,478, 586.95
16,365, 922.92
19,851, 793.57
247,786.93
18,657, 534.03
141,713,32
193,105,58- • 22,896,325.87
21,766, 721.95
60,482,39
23,547, 388.64
11,301, 690.78
228,060,70
26,699, 100,80
15,757, 522,92
15,641, 274,16
422,060,06
18,716, 905.79
211,756,13
13,921, 280,91
" 9,010,997.65
276,785,10
22,295, 176,*84
644,423,44
4,159,87
15,246, 344.67
1,032,025.55
12,380, 964.77
26,253, 078.58
1,652,184.22 • 11,340,
493.88
1,889,651,12
11,321,106.55
2,664,356, 72
27,901,485, 52
1,116,056,69
9,408,574.79
1,262,424.08
8,987,353.99
22,413,339.70
19,112,767.10
717.18
15,680.833.02
1,764,143,24
24,310, 672.42
415,315.85
19,492,647.61
45,975.16
21,713,340.61
347,322.28
24,875,091.54
10,065,421.96
913,239. .53
18,676,577. 90
280.814.64
31,373,624. 94
2,042,112. 70
25,575,164.07
20,530, 568.79
423,394.83
30,457,372,64
25,968, 600.75
'4,'439,'9ii,'95'
19,119,380.39
29,488,889.21
1,716,797,58
23,740,277.03
9,121,195,31
2,873,929,06
16,859,425.67
1,089,120.44

$2,807,449.31
202,803.27
162,306.96

242
No.

REPORT ON T H E F I N A N C E S .
5 6 . — A M O U N T OP EACH K I N D OP MONEY. U S E D IN SETTLEMENT OP CLEARING-

HOUSE BALANCES AGAINST THE SUBTREASURY IN N E W Y O R K DURING EACH MONTH,
FROM JANUARY, 1895.

Month.
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..
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..




Gold coin.

$10,700,000
15,300,000
12,180,000
11,070,000
15,340,000
16,660,000
33,845,000
14,675,000
14,890,000
34,620,000
12,746,000
11,366,000
17,685,000
36,350,000
12,456,000
13,890,000
14,835,000
7,615,000

Gold
Silver
lUnited States] Treasury
notes. Icertificates. I
Icertificates.
notes.
$24,475,063
10,739,397
2,002,981
13,211,975
13,633,198
10,430,639
16,919,024
11,102,727
5,968,489
13,058,663
9,802,673
10,470,323
26,082,704
14,467,304
7,746,566
17,474,061
16,019,177
13,744,846
18,111,543
9,609,326
13,209,136
11,254,963
12,273,926
9,199,600
22,232,327 $1,346,067
4,461,729 4,731,472
4,531,170 7,203,260
11,765,000 7,703,020
16,669.969
12,937,145
19,150,737
14,110,249
8,223,039
16,861,615
14,565, Oil
18,466,632
26,626,329
9,035,874
11,681,448
6,245,407
490,546
7,240,062

2,148,533
1,637,071
374,896
223,288
122,019
233,151
239,338
194,677
205,208
230,611
264,949
241,833
211,744
221,443
110,933
407,913
6,478
6,041
2,170,143
82,248
23,472
19,463
17,410
15,569
18,808
23,485
17,726
23,210
• 16,583
18,836

50,000

678,500
682,920
637,600
780,000
960,100
262,000
261,000
893,000
646,000
764,000
718,000
060,000
697,000
154,000
188,000
580,000

Total.
$24, 476,063
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, 802,673
10, 470,323
25, 082,704
14, 467,304
7, 745,665
17, 474,061
16, 019,177
13, 744,846
18, 111,643
9, 609,326
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
16, 861,516
14, 665, Oil
18, 465,632
26, 625,329
9, 035,874
11, 681,448
16, 945,407
15, 790,545
19, 420,052
;268,533
13,
16; 877,071
16, 034,896
;068,288
34;
14, 797,019
15, 123,151
34, 859,338
;
12: 94.0,677
11; 670.208
17; 816,611
,604,949
36,
12; 696,833
14, 101,744
15, 056,443
10, 304,433
17, 990,833
19, 642,978
17, 786,041
33,
,130,243
12 344,248
14 , 274,472
32 ,912,453
20: 562,410
17: 779,669
23, 736,808
35,
,083,486
17 ,614,725
23, 177,210
22, 203,583
18, 698,836

243

TREASURER.

N o . 5 6 . — A M O U N T OP 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 JANUARY, 1895—Continued.
Month.
1901—January . . .
February ..
March
April
May
June
July
August
September.
October
November .
December..
1902—January . . .
February ..
March
April
May
June
July
August
September.
October
November .
December..
1903—January
February ..
March
April
May
June
July
August
September.
October
November .
December..
1904—January
February ..
March
April
May
June
July
August
September.
October

Gold c o i n . U n i t e d S t a t e s T r e a s u r y
notes.
notes.
$6,660,000

12,600,000
8,300,000




$24,308
17,414
20,717
21,196
26,-687
23,923
24,794
26,634
16,326
24,722
20,388
20,591
20,101
19,623
21,274
23,906
22,281
20,997
28,176
26,344
21,965
29,078
22,493
24,106
28,485
15,674
19,353
27,339
26,767
32,833
22,672
25,648
25,341
23,092
15,422
24,678
21,625
19,164
23,569
21,373
18,601
26,380
21,889
26,277
19,195
22,426

Silver
Gold
certificates. certificates.

Total.
977,308
365,414
686,717
292,196
478,687
366,923
861,794
657,634
896,326
766,722
647,388
301,691
699,101
767,623
641,274
716,906
921,281
010,997
295,176
246,344
380,956
263,078
340,493
321,106
901,485
408,574
987,353
413,339
112,767
680,833
310,672
492,648
713,341
875,092
065,422
675,678
373,626
675,164
630,569
467,373
968,601
119,380
488,889
740,277
121,195
859,426

244
No.

REPORT ON T H E FINANCES.
5 T . — 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 OF MONEY RECEIVED, FROM JANUARY, 1895.

Month.

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.
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.




Receipts.

$12,817,827
9,341,674
9,798,083
8,824,715
8,104,095
7,510,041
10,633,052
10,296, 684
9,756,439
9,299, 368
7,703,376
•8,819,874
10,424,267
10,077,426
9,319,874
7,583,921
7,359,996
7,213,357
8,258.485
8,449,638
7,618,849
7,163.489
6.645.832
7,283.820
7.704.500
8,359,683
17,679,640
17,711,324
9,092,278
14,689,699
12,299,463
6,197,107
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
11,681,844
12,61.5,437
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
11,324,976
13,434,985
12,464,539
11,792,052
13,413,613
11,846,424
12,444.601

Gold
coin.

Silver
coin.

United
states
notes.

Treasury
notes.

Gold
certificates.

Silver
certificates.

P e r cent. P e r cent. P e r cent. P e r cent. Per cent. P e r cent.
0.7
63,6
5,0
0,0
40,6
0,1
0.3
0,0
, 63,1
5,2
0,0
3L4
0.2
0,0
67,0
2,1
0.0
30.7
0.1
60.6
3,4
0,0
35,8
0,1
0.1
0.1
54.8
8.7
0,0
36,3
0,1
0.1
60,2
3,4
0,0
36,2
0.2
0.1
67,1
1,9
0,2
30,5
0,0
0,1
72,4
2,1
0,0
25,4
0,0
0,0
78,1
1,7
.
0.0
20,2
0,1
0,1
74,8
LO
0.0
24,0
0.0
0,0
73,4
LO
0.0
26,6
0,0
0,0
. 68,6
• L8
0,0
29.6
0,0
0.0
47,4
2,7
0,0
49.9
0,0
0,0
53,4
2,8
0,0
43,8
0.0
0,0
65,4
L3
0,0
33,3
0,0
0,0
62,7
0,7
0,0
36.6
0,3
0.0
50.1
0,8
0,0
48,8
0,0
0.0
40,0
L3
0:0
58,7
0,0
0.0
63,1
0,7
0.0
46,2
0,0
0.0
70,4
0,6
0.0
29,0
0.0
0.0
73,8
0,4
0.0
25,8
0,2
65,4
0.4
0,0
34,0
3,7
0.0
56,8
0.4
0,0
39,1
0.0
0.0
56,7
0.7
0,0
42.6
0.0
0.0
42,6
9,2
0.0
48.2
0.0
0.0
36,2
20.2
0.0
43.6
0.0
0.0
5L7
27,5
0,1
20.7
0.3
0.0
. 48.0'
28,8
0,0
22.9
0.0
0.0
46.3
13,6
0,0
40.1
0.0
0.0
6L6
6.2
0.0
32.2
0.6
0.0
68.8
2.7
0.0
27,9
0.4
0.1
62.2
L7
0,0
35,6
0.8
0,1
66.9
1.8
0,0
30.4
3.6
0,0
67,8
0.8
0,0
27,8
5.0
0,0
63.0
L7
0,0
30,3
9.7
0.0
60.0
0.8
0.0
29.5
6.8
0.0
54.1
• L2
0.0
37.9
6.1
0,0
63.6
L2
0.0
29.1
17,6
0,0
60,9
0.3
0,0
21.2
52,7
0,0
33,9
0.4
0,0
13.0
73.5
0,0
15,3
0.6
0.0
10.7
67.7
0,0
17,7
0.3
0,0
14.3
59,9
0,0
22,6
0.4
0,0
17.1
63.8
0,0
17,6
0.3
0,0
18,3
78.0
0,0
9,9
0,3
0,0
11.8
79.6
0.0
8,6
0,3
0,0
11.6
77.6
0,0
10,6
0.0 o
11,6
0,3
80.2
0,0
8,7
0,3
0,0
10,8
78.4
0.0
6,9
0,2
0,0
14,6
8L0
0,0
5,9
0,1
• 0,0
13,0
85,6
0,0
4,4
0,2
0,0
9,8
85,9
0.0
4.2
0.1
0,0
9,8
83,6
0.0
4.9
0,2
0,0
n,3
83,4
0.0
4,9
0,2
0,0
11,5
85,3
0,0
6,3
0.1
0,0
9,3
88,3
0.0
3,7
0.2
2,0
5,8
79,2
0,0
2,7
12,3
5.7
0.1
30,8
0,0
2,8
0.4
67,9
8.1
24.6
0,0
L9
0.0
7L7
L8
12.8
0,0
L8
0,0
83,2
2,2
5,5
0,0
3,0
0,0
76,.6
16.0
4.0
0,0
3,2
0,0
65.6
27,3
6,6
0,0
2,5
0,0
7L5
19,4
4,6
0,0
6,1
0,0
82.5
7,8
2,9
0,0
4,1
0,0
78.2
14.8
3,3
0,0
4,4
0.0
75.3
17.0
L8
0,0
6,3
0,0
78,5
13.4
3,1
0,0
0.0
73,6
12.1
n,3
3,7
0.0
9,6
0.0
82,8
3,9
2.5
0.0
6,9
0,0
88,2
2,4
2.5
0.0
6,1
0,0 " 88,6
3.9
2.9
6.1
0.0
88.9
3.1
0.0

o:o

245

TREASURER.

N o . 5 T . — M O N T H L Y RECEIPTS PROM CUSTOMS AT THE PORT OF N E W ' YORK AND
PERCENTAGE OP EACH K I N D OF MONEY RECEIVED, PROM JANUARY, 1895—Cont'd.

Month.

1901—January . . .
February..
March
April
May
June
July
August
September.
October . . .
November.
December.
1902—January . . .
February..
March
April
May
June
July
August
September.
October . . .
November.
December.
1903—January...
February..
March
April
May
June
July
August
September.
October...
November
December .
1904—January . .
February.
March
April
May
June
July
August
September
October . .

Receipts.

$14,890,029
12,691,569
12,892,441
12,692,915
13,284,125
11,226,278
14.161,128
13,158,807
13,000,471
16,710,110
12,846,422
14,401,510
14,646,929
14,042,171
14,428,785
13,561,698
12,863,401
12,632,308
15.922,111
16,227,299
16,946,709
17,235.696
14,454,619
15.911,662
15,611,978
13,813,215
16,271,660
13,389,932
12,400,003
12,664,440
15,585,629
16,169.108
15,291,421
14,366,644
13,131,412
13,279,319
14,710,710
14,601,720
14,912,389
13,106,388
12,107,546
13,312,895
12,988,655
16,012,690
14,903,850
15,813,102




Gold
coin.

Silver
coin.

United
States
notes.

Treasury
notes.

Gold
certificates.

Silver
certificates.

P e r cent. P e r cent. P e r cent. P e r cent. P e r cent. P e r cent.
4.9
0,0
8.3
0,0
76,9
9.9
7.1
0,0
7.6
0,0
79.9
6.4
8.4
0,0
9.6
0,0
77.1
4.9
3,9
0,0
9.3
0,0
83,4
3.4
6,0
0,0
6.6
0,0
84,6
4.9
3.2
0,0
6.6
0,0
84,2
6,0
4,3
0,0
3,1
0,1
89,8
2.7
6,2
0,0
3.5
0,1
86,4
3,8
4.7
0.2
3,6
0,6
88,6
2.3
2,2
0,0
2,1
0,0
93,1
2.6
L7
0,0
2,3
0.0
92,5
3.6
6,2
0,0
2,6
0.0
87,3
6,0
0,2
0.0
5,9
0.0
85,8
8.1
L6
0,0
4,3
0,0
89,7
4.5
0,2
0.0
2,1
0,0
96,7
LO
0,2
0.0
2,1
0,0
97,1
0.6
1,6
0;0
2,2
0,0
94,4
L8
0,2
0.0
L8
0.0
97,3
0,7
0,2
0,0
L3
0,0
97,9
0.6
0,6
0,0
L3
0,0
97.6
0.5
19,0
0,0
L2
0.0
79,3
0.6
0,3
0,0
L2
0.0
98,0
0.5
3.2
0,0
Ll
0.0
95,2
0.6
4,8
0.0
LO
0.0
93,7
0,5
2.3
0.0
3,4
0.0
93,7
0.6
L2
0.0
0,9
0,0
97,4
0,5
2.3
0.0
0.7
0.0
96,6
0,4
4.2
0.0
L9
0.0
93.4
0,6
3.0
0.0
L2
0.0
96.3
0,5
Ll
0.0
Ll
0,0
97,3
0,5
0.7
0.0
0.8
0,0
98,1
0,4
0,4
0.0
0.6
0,0
98.7
0,3
0.6
0.0
0.4
0,0
98,6
0,4
L7
0.0
0.4
0.0
97,4
• 0.5
0,6
0.0
0.6
0,0
98,3
0.5
0,8
0.0
0.4
0,0
98,2
0.6
LO
0.0
L5
0,0
97,1
0.4
2,3
0.0
0.4
0,0
96,7
0.6
20,0
0.2
L2
0.0
78,0
0.6
L5
0.0
L6
0.0
96,2
0.7
L8
0.0
L6
0.0
95,7
0.9
0.9
0.0
0.7
0.0
97,7
0.7
0.8
0.0
0.6
0,0
97,9
0.7
0.5
0.0
0,8
0,0 ^ - 9 8 , 1
0,6
3.0
0,0
0,6
0,0
95.9
0,6
L8
0.0
0,5
0.0
97.0
0.7

246
No.

REPORT ON T H E FINANCES.
58.—SUBSIDIARY SILVER COIN OF EACH DENOMINATION IN EACH OFFICE OF THE
TREASURY AND M I N T J U N E 30, 1904.

Fifty cents.

TREASURY.
Washington
,
Baltimore
,
Boston
Chicago
Cincinnati
New Orleans
New York
Philadelphia
San Francisco
St, Louis

Twenty-five
cents.

$675,900.00
306,100.00
63,892,00
669,000.00
181,000,00
764,296,00
1,353,000,00
125,000,00
367,326, 50
271,060,00

Ofl&ce.

$213,100.00
301, 900.00
15i: 552,76
337,000,00
216,000,00
359,480,00
1,264,000,00
1,295,000,00
124,060,00
183,660,00

Boise City
Carson C i t y . . . .
New Orleans . .
New York
Philadelphia..
San Francisco.

220,300.00
586,00
9,000.00
7, OOL 00

Total....

No.

Ten cents.

8.50
243,952.00
86.00
258,622.00

4,903,639.60 4,948,310.25

Five
cents.

Total.

$40,290.00 $41,984.41
6,841.86
69,560.00
19,262.10 136,220.70
30.000,00 69,245,00
16,000.00 31,695,00
89,260.00
6,208,84
235,000.00 132,066.80
45,000.00 96,141.93
6,262.90
6,001,00
47,800,00 26,400,00

$971,274.41
684,391.85
359,927.65
1,005,245.00
444,695,00
1,219,243,84
2,984,066,80
1,661,141,93
502,649,40
528,900.00

8,63
,44
2,112.01
1,770.70
1,189,79

8,63
935,14
916,214,01
684,80
60,932,50
293,358,49

1,124,932.50 656,887.10

11,533,669.35

926,20
449,850.00
13.80
60,161,80
26,555,70

5 9 . — M I N O R COIN OF EACH DENOMINATION IN EACH
AND M I N T J U N E 30, 1904.
OflBce.

Unassorted
and
uncurrent.

OFFICE OP THE TREASURY

One cent.

Unassorted
and uncurrent.

Total.

TREASURY.
Washington...
Baltimore
Boston
Chicago
Cincinnati
New Orleans..
NewYork
Philadelphia..
San FranciscoSt. L o u i s

$34, 536.00
8, 550.00
29; 195.00
56, 150.00
10, 800.00
10, 216.00
51, 000.00
60, 000.00
20, 044.65
22, 950.00

$3,353.00
10,450.00
30,662.34
5,960.00
2,300.00
1,412.00
64,000,00
11,000,00
2,603,83
4,850.00

$5,395.21
1,360.39
20,068.58
7,729,06
3,824.93
3,834,04
31,517,01
16,890,80
1,400,00
2,387,34

New York
Philadelphia.

37,387.00

17,380,78

78.89
176,504,62

Total...

340,827.55

143,971.96

270,990.76

No.

$43, 284,21
20, 360,39
79, 925, 92
69, 839,05
16, 924,93
15, 461.04
136, 517.01
87, 890.80
24, 048.38
30, 187,34

755,790.26

6 0 . — S T A T E M E N T OP THE SILVER COIN PRESENTED FOR EXCHANGE OR REDEMPTION SINCE JULY 1, 1890.
Standard silver dollars.

Fiscal year—
1891
1892
1893
1894
1896
1896
1897
1898
1899
1900
1901
1902
1903
1904

."

. .

. .

Total




Subsidiary
silver coin.

$34,071,537 a$20,778,232
32,037,194 a24,07L561
31,664,163 a26,81i;768
36,059,026
„30,400,717
33,668,217
23,627,760
36,848,871
24,891,108
38,978,386
26,628,178
32,566,628
25,814,975
33,099,499
28,779,040
36,396,371
32,298,566
39,724,921
37,268,885
43,115,016
39,011,630
41,640,669
40,959,244
46,098,314
46,376,137
613,858,801

aincluding minor coin, estimated at $2,000,000.

426,716,791

Total.
a$54,849,769
a 66,108,755
a 68,475,931
65,459, 743
57,185 967
60,739,979
64,606, 564
68,381,603
61,878,639
68,694,937
76,993,806
82,126,646
82,699,903
92,473,451
940,676,692

247

TKEASUKER.
No.

6 1 . — S H I P M E N T S OP SILVER COIN FROM EACH OFFICE OF THE TREASURY AND
MINTS, FROM JULY 1, 1885.
During fiscal year 1904,
Total to June
30,1903.

Office.

Standard
dollars.

Subsidiary
silver.

Total for year.

Total to June
30, 1904.

TREASURY.

Washington
Baltimore
Boston.^
Chicago
Cincinnati.
New Orleans
New York
Philadelphia
San Francisco
St, Louis,

$25,104,250. 74 $1,396, 758,00
366,600. 00
7,361,153.38
60,513,550.65 1,236,000.00
.156,869,008.43 9,181,274.-00
73,568,134.91 4,220,775,00
82,634,042.07 11,137,000,00
73,596,531.14 1,276,520,00
52,720,685.96
2,179,488,00
43,921,621.25 1,84^7,900,00
114,643,923.08 8,121,473.00

$877,080.00
450,695,00
1,291,600.00
4,264,869.00
1,881,404,60
738,610,00
4,750,540,00
2,364,064,00
1,962,575,00
3,183,370.50

$2,273,838.00 $27,378,088. 74
817,295,00
8,178,448,38
2,527,600,00
63,041,150. 65
13,446,143.00 170,315,151.43
6,102,179, 60 79,670,314. 51
11,875,610,00 94,509,652.07
6,027,060,00
79,623,591,14
4,543,552,00
57,264,237,96
3,800,475,00 47,722,096,25
11,304,843.50 125,848,766.58

MINTS.

Carson
New Orleans
Philadelphia
San Francisco

I

Total

663,630.00
67,250,311. 70
26,921,984.13
7,614,490.00

68,927.00

1,432,880.00
1,185,259.80
a 10,000,00

1,432,880,00
1,254,186.80
10,000.00

653,630,00
68,683,191,70
28,176,170,93
7,624,490,00

793,273,317,44

41,032,715,00

24,382,947.90

65,415,662.90

858,688,980.34

a Shipped to Honolulu, to be used in exchange for Hawaiian coins, act of January 14,1903.
N o . 6 2 . — S H I P M E N T S OP SILVER COIN PROM THE TREASURY OFFICES AND MINTS
DURING EACH FISCAL Y E A R PROM 1890, AND CHARGES THEREON FOR TRANSPORTATION.
Standard
dollars.

Fiscal year.
1890
1891
1892
1893
1894
1895
1896
1897 .
1898
1899
1900
1901
1902
1903."
1904

$27,283,457,90
29,299,237.20
24,614,586.95
27,098,582,65
24,616,980,50
27,155,466.80
28,412,300,35
29,600,035,10
33,270,610,00
33,305,262,00
36,284,791,80
38,338,619,00
40,404,326,00
41,182,154,00
41,032,715,00




Subsidiary
silver.

Total.

$9,405,227,50 $36,688,685.40
11,598,692,10 40,897,929.30
14,270,479,51 38,885,.066.46
11,967,903,90 39,066,486.55
9,281,407,08 33,798,387.68
11,886,117,47
39,040,684,27
12,468,107.03 40.870.407.38
12,029,965.29 41.629.990.39
15,330,205,24 48,600,815.24
17.018.536.65 50,323,798.65
19,707,902,56 56,992,694,35
21,075,146,86 59,413,665,85
21,871,959,35 62,276,284.35
24.112.444.66 66,294,598.65
24,382,947, 90 65,415,662,90

Charges.
$73,046.73
77,267.62
76,178.69
71,980,77
67,086.44
78,333,84
78,756,54
81,626,24
110,065.63
111,741,61
125,969,37
125,742.99
124,003.65
132,266.05
126,359.81

Rate per
$1,000.
$1.99
L89
1.96
1.84
1.98
2,01
1.93
1,96
2.26
2,22
2,25
2,12
1.99
2,03
1,93

248

REPORT

ON THE

FINANCES.

N o . 6 3 . — B A L A N C E IN THE TREASURY OF THE UNITED STATES; AMOUNT IN TREASURY
OFFICES, AND AMOUNT IN DEPOSITARY BANKS, AT THE END OP EACH CALENDAR
Y E A R PROM THE ADOPTION OF THE CONSTITUTION IN 1789 TO 1842, AND AT THE
END OF E A C H F I S C A L Y E A R T H E R E A F T E R TO 1904.
Balance in t h e Treasury, a
Date.

1789—December 31
1790—March 31
J u n e 30
S e p t e m b e r 30
December 3 1 . .
1791—June 30
S e p t e m b e r 30
D e c e m ber 31
1792—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
1793—March 31
J u n e 30
December 3 1 . . . .
1794—December 31
'
1795—December 3 1 . .
1796—December 31
1797—December 31
1798—December 31
1799—December 311
1800—December 31
1801—December 3 1 .
1802—December 31
1803—December 31 .
1804—December 31
1805—December 31 . .
1806—December 3 1 . . .
1807—December 31
1808—December 31'
1809—December 31
1810—December 31
1811—December 31
1812—December 31
1813—December 31
1814—December 31
!
1815—December 3 1 . .
1816—December 31
.•
1817—December 3 1 .
1818—December 31
1819—December 3 1 . .
1820—December 31
1821—December 31
1822—December 3 1 . .
1823—December 31
1824—December 31
1825—December 31
1826—December 31
1827—December 31
1828—December 31 .
1829—December 31
-.
1830—December 31
1831—December 31
1832—December 31
1833—December 31
1834—December 31
1835—December 31
1836—December 31
1837—December 31
1838—December 31
1839—December 31
1840—December 31
1841—December 31
1842—December 31
1843—June 30
1844—June 30
1845—June 30
1846—June 30

I n Treasury
offices.

I n depositary
banks.

$10,490,54
9

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
726,199.04
768,000.00

$28,239,61
60,613.14
155,320,23
349,670,23
570,023.80
571,699,00
679,579,99
973,906,75
751,377,34
623,133,61
420,914,61
783,212,37
1,035,973.09
561,436,33
753,661,69
1,161,924,17
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
4,826,811,60
4,037,005.26
3,999,388.99
4,538,123,80
9,643,850,07
9,941,809,96
3,848,056,78
2,672,276.67
3,602,305.80
3,862,217.41
5,196,642.00
i;727,848,63
13,106,592,88
22,033,,619,19
14,989,465,48
1,478,626,74
2,079,992,38
1,198,46L21
1,681,692,24
4,193,690.68
9,431,353.20
1,887,799.80
5,296,306.74
6,342,289.48
6,649,604.31
6,965,974.27 4,362,770.76
4,761,409.34
3,053,613.24
911,863.16
10,668,283.61.
7,861,09^.60
25,729,315.72
45,056,833.6^1
6,779,343,01
6,364,887.61
3,992,319.44
290,632.18
170,361.73
1,699,709,09
10,526,267.10
8,222,661.19
7,386,450,82
8,916,869.83

Total.
$28,239.61
60,613.14
165,320.23
349,670.23
570,023.80
682,189,64
679,679,99
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
22,033,619.19
14,989,465.48
1,478,526.74
2,079,992.38
1,198,46L21
1,681,592.24
4,193,690.68
9,431,353.20
1,887, 799.80
6,296,306.74
6, 342,289.48
6,649,604.31
6,965,974,27
& 4,362,770,76
4,761,409, 34
3,053,613.24
•911,863.16
10,658,283.61
7,861,093.60
25,729,315.72
45,756,833.54
c 6,804,953,64
6,633,715,23
4,683,416,48
1,704,561.80
375,692.47
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
16

94
29

"

58
55
58
60
59
59
56
40
40
42
41
62
60
44
91
54
43
27
11
19
26
30
34
43
49

a This statement is made from warrants paid by theJTreasurer 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,
G The 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.




249

TREASURER.

N o . 6 3 . — B A L A N C E IN THE TREASURY OF THE UNITED STATES; AMOUNT IN TREASURY
OFFICES, AND AMOUNT IN DEPOSITARY BANKS, ETC.—Continued.

Balance in the Treasury.
Date.

• 1847—June 30
1848—J une 30
1849—June 30
1850-June 30
1851—June 30
1852—June 30
1853—Juue 30
1854—June 30
1855—June 30
1856—June 30
1857—J une 30
1858—June 30
1859—June 30
1860—June 30
1861—June 30
1862—Jnne 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
1876—June 30
1876—June 30
1877—June 30
1878—June 30
1879—.lune 30
1880—June 30
1881—June 30
1882—June 30
1883—June 30
1884—June 30
1885—June 30
1886—June 30
1887—June 30
1888—June 30
1889—June 30
1890—June 30
1891—June 30
1892—June 30
1893—June 30
1894—June 30
1895—June 30
1896—June 30
1897—June 30
1898—June 30
1899—June 30
1900—lune 30
1901—June 30
1902—June 30
1903—June 30
1901—June 30




In Treasury
,446,382.16
768,332.15
3,,208,822.43
,431,022.72
7,
12,,142,193.97
15,,097,880.36
22, 286,462,49
20,,300,636.61
19,,629,84L06
20, 304,844.78
18. 218,770,40
6, 698,167.91
4,, 685,625.04
,931,287.72
3, 006,285,24
2,.265,984,84
18.,395,443.73
8,,022,019.71
72,,346,955.66
5,,844,867.12
101,,813,163,53
126,,631,229.20
86,,676,414.43
111,, 521,920.67
102,,607,293.41
82,,872,563,46
60,,194,276.63
49,,723,630,48
64,,712,042,19
51,,427,414,23
51,,394,007,01
84,,570,678,16
130,,020,734,90
159,,528,170.60
160,,974,146.61
173,,941,618.24
579,255.91
152,, 657,552.96
161,, 851,780.21
154,,
171,,277,107,25
218,,625,383,03
188,, 396,440,65
189,, 646,333,23
167,,061,48L40
164,,448,137.33
136,,728,662.62
118,,862,278.94
114,,462,220.65
108,,369,687.37
185,,221,832.66
268,,304,043.90
232,,438,942.32
175,,193,189.26
214,,206,233,66
214,,964,115,04
234,,045,797.03
245,,685,097.63
248,,691,929,67
217,

In depositary
banks.

$39,980,766.39
36,073,353.73
34,298,320,54
25,208,363.78
22,779,797.62
8,697,927, 34
8,206,180,34
6,919,746,69
12,601,596.08
7,233,551.11
7,435,966.69
11,662,679,52
7,520,194.76
7,299,999.28
46,928,268, 56
208,033,840.24
7,771,233.90
8,704,830.83
9,381,712,90
9,803,381.79
10,488,827.63
10,770,579,96
13,822,070.80
18,976,315,41
64,698,728.36
43,090,750, 53
26,779,703.32
21,399,689.16
10,450,130,01
9,962,626,00
• 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
117,141,664.13
140,001,016.70
104,459,638,45

Total.
$5,446,382.16
768,332.15
3,208,822.43
7,431,022,72
12,142,193,97
15,097,880.36
22,286,462,49
20,300,636,61
19,529,841.06
20,304,844,78
18,218,770,40
6,698,157,91
4,686,625.04
3,931,287.72
2,005,285.24
18,265,984.84
8,395,443.73
112,002,776,10
41,420,309,29
136,143,187,66
151,021,507,31
109,411,026.82
120,174,34L77
110,728.101,01
89,527,039.00
73,374,158.64
66,427,827.64
72,169,697.17
63,274,721.71
58,947,608.99
91,694,006,29
177,498,846.71
367,054,675,14
168,299,404,40
182,678,977,44
162,323.331,14
161,382,637.70
165.046,380, 59
182,622,360.17
232,099.178.05
207,600.698,44
244,094,169.01
210,737,083,76
190,841,184.72
156,847,826,49
129,178,792.53
124,824,804.94
118,885,988.16
196,348,193.17
269,637,307.07
244,466,201.96
209,282,643.13
284,4.88,616.20
306,827,605.37
328,406,798,13
362,1.87,361.16
388,686,114.23
322,061,668.02

Number
of
depositary
banks.

204
330
382
385
370
276
148
159
163
168
154
145
143
146
124
127
131
130
134
140
135
132
160
200
290
270
205
185
159
160
155
160
160
168
172
357
442
448
677
713
842

250

REPORT ON T H E FINANOES.

N o . 6 4 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS, WITH
THE BALANCE H E L D BY E A C H SEPTEMBER 30, 1904.

Title of bank.

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

REGULAR DEPOSITARIES—cont'd,

REGULAR DEPOSITARIES.

Florida—Continued.

Alabama.
First National Bank, Birmingham.
Alabama National Bank, Birmingham
Merchants and Planters'—Farley
National Bank, Montgomery
City National Bank, Tuscaloosa . . .

$50,000,00
50,000.00
50,000.00
46,461.68

Alaska.
First National Bank, Juneau

73,051.67

Arizona.
Prescott National Bank, Prescott..
Consolidated National Bank, Tucson

50,000.00

"

60,013.29
150,236.32
68,726,66
314,244.98
149,378.16
240,000.00

374,741.07
339,897.18
314,843.87
49.567.74
60,000.00
149,687.98

82,665.62
73,136.67
49,962.45
67,288.20
50,000.00

Delaware.

First National Bank, Wilmington .

48,474,23

District of Columhia.
Central National Bank, Washington

197,880.26

Florida.
Atlantic National Bank, Jacksonville
National Bank of Jacksonville,
Jacksonville




First National Bank of Hawaii,
Honolulu

Boise City National Bank, Boise...
81,109.74

Connecticut.
First National Bank, Bridgeport...
Charter Oak National Bank, Hartford
Second National Bank, New
Haven
National Bank of Commerce, New
London
Thames National Bank, Norwich..

137,783,57
•210,013,01
130,007,14

243,331.34

Idaho.

Colorado.
First National Bank, Denver
Colorado National Bank, Denver..
Denver National Bank, Denver
First National Bank, Durango
First National Bank, Montrose
First National Bank, Pueblo

$64,498.66
199,872,24

Georgia.
Atlanta National Bank, Atlanta...
Lowry National Bank, Atlanta
Merchants' National Bank, Savannah

49,770.00

California.
First National Bank, Eureka
Los Angeles National Bank, Los
Angeles
National Bank of D. 0. Mills & Co.,
Sacramento
First National Bank, San Francisco
American National Bank, San
Francisco
Nevada National Bank, San Francisco

American National Bank, Pensacola
First National Bank, Tampa

Hawaii.

Arkansas.
Exchange National Bank, Little
Rock

Title of bank.

To the credit
of the Treasure'r of the
United States
and United
States disbursing officers.

103,266.30

Illinois.
First National Bank, Chicago
Corn Exchange National Bank,
Chicago
Fort Dearborn National Bank,
Chicago
Millikin National Bank, Decatur..
Southern Illinois National Bank,
East St. Louis
Farmers' National Bank, Pekin
German-American National Bank,
Pekin
First National Bank, Peoria
Central National Bank, Peoria
Commercial-German N a t i o n a l
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, Springfield ..
Illinois National Bank, Springfield.
State National Bank, Springfield..

600,000.00
358,186.55
150,000.00
149,727.24
70,000.00
200,000,00

200,000.00
285,000.00
285,000.00
800,000,00
475,000,00
298,626.52
301,904.22
90,000.00
60,000.00
60,000.00
60,000,00
68,710.88

Indiana
Old National Bank, Evansville
First National Bank, Hammond...
American National Bank, Indian' apolis
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 National Bank, Vincennes.

50,020.11
150,000.00
599,982,87
330,000,00
521,913.99
530,000.00
70,000.00
199,754.72
100,000.00
106,000.00

Indian Territory.
72,022.66
100,063.67

Commercial National Bank, Muskogee

50,370.93

251

TREASURER.

No.

6 4 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS, WITH
THE BALANCE H E L D BY E A C H SEPTEMBER 30, 1904—Continued.

Title of bank.

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

REGULAR DEPOSTTARIES—COUt'd,

REGULAR DEPOSITARIES—cont'd.

lo'wa.
First National Bank, Burlington . .
First National Bank, Council Bluffs
First National Bank, Davenport...
Citizens' National Bank, 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 Bank, Sioux City.

Massachusetts.
$97,700,00
120,000,00
120,000.00
74,970.50
104,921,33
217,164,66
70,000.00
140,000.40
50,000,00
60,000.00

Kansas.
Lawrence National Bank, Lawrence
First National Bank, Leavenworth
Leavenworth National B a n k ,
Leavenworth

49,976.78
134,666.78
166,007.51

Kentucky.
Carrollton National Bank, Carrollton
First National Bank, Covington
Citizens' National Bank, Covington
Farmers' National Bank, Danville.
State National Bank, Frankfort...
Lexington City National Bank,
Lexington
First National Bank, Louisville...
Third National Bank, Louisville . .
American National Bank, Louisville
Citizens' National Bank, Louisville
Southern National Bank, Louisville
Union National Bank, Louisville..
State National Bank, Maysville . . .
First National Bank, Owensboro..
National Deposit Bank, Owens-,
boro

70,000,00
208,195,00
110,000.00
80,908.34
50,000.00

900,000,00
349,961,20
268,600.00
485,000.00
50,000.00
201,706.91
199,977.96

145,140.76
262,942.35

96,311.05
50.000.00
83,771.10

Maryland.
Merchants' National Bank, Baltimore
National Exchange Bank, Baltimore
National Mechanics' Bank, Baltimore
Second National Bank, Cumber^ land




$479,828. 73
2,099,779.76
49,771.42
60,000,00

Michigan.
First National Bank, Detroit
Commercial National Bank, Detroit
•....
Old Detroit National Bank, Detroit
Fourth National Bank, Grand
Rapids
,.
,
Miners' National Bank, Ishpeming
First National Bank, Marquette..
First NationalBank, Menominee.,
Second National Bank, Saginaw .

174,915,00
176,000.00
270,000.00
50,000.00
49,921,48
50,000,00
320,000.00

Minnesota.
First National Bank, Duluth
First National Bank, Minneapolis,
First National Bank, St, Paul
,
Second National Bank, St, P a u l . .

96,874.00
170,386,27
298,332,88
364,25L29

First National Bank, Vicksburg . . .

First National Bank, Kansas City..
American National Bank, Kansas
City
National Bank of 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

165,000.00
80,593.96
746,809,29
50,000,00
89,981,21
314,918, 33
1,150,000,00
300,000.00

Montana.

Ifaine.
Granite National Bank, Augusta..
First National Bank, Bangor
Merchants' National Bank, Portland

Merchants' National Bank, Boston.
National Shawmut Bank, Boston..
Mechanics' National Bank, New
Bedford
Third National Bank, Springfield..

Missouri:
140.000.00
264,215.84
20,692.05

Louisiana.
New Orleans National Bank, New
Orleans
Whitney National Bank, New
Orleans

Title of bank.

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

144,000,00
543,996.03
380,000,00
140,939,38

First National Bank, Great Falls..
American National Bank, Helena.
National Bank of Montana, Helena.
Conrad National Bank, KalispelL.
State National Bank, Miles City...

49,947,62
99,991,48
144,519,85
50,000.00
45,528.47

Nebraska.
First National Bank, Lincoln
First National Bank, Omaha
Merchants' National Bank, Omaha
Nebraska National Bank, Omaha ,
Omaha National Bank, Omaha
United States National Bank,
Omaha
,

62,406.66
199,857.77
70,000,00
198,709,96
397,161.14

New Hampshire.
First National Bank, Concord
Manchester National Bank, Manchester

119,913.91

70,000.00

174,536.44

252

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

N o . 6 4 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OF PUBLIC MONEYS, WITH
THE BALANCE H E L D BY E A C H SEPTEMBER 30, 1904—Continued. ^

Title of bank.

To the credit
of the Treasurer of t h e
United States
and United
States disbursing officers.

REGULAR DEPOSITARIES—cont'd.

Title of bank.

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

REGULAR DEPOSITARIES—cont'd,

New /Ja??ips/wre—Continued.

OMo—Continued.

First National Bank, Portsmouth..
New Hampshire National Bank
Portsmouth

Fourth National Bank, Cincinnati.
Citizens' National Bank, Cincinnati
Bankof Commerce, National As.sociation, Cleveland
Deshler National Bank, Columbus
Hayden-Clinton National Bank
Columbus.,
Third National Bank, Dayton
Second National Bank, Hamilton..
Miami Valley National Bank, Hamilton
Merchants' National Bank, Middletown
First National Bank, Toledo
Second National Bank, Toledo
Troy National Bank, Troy

$140,316.82
70,000.00

New Jersey.
First National Bank, Jersey City .
Union National Bank, Newark...
First National Bank, Paterson . . .
Paterson National Bank, Paterson
First National Bank, Trenton

270,000,00
100,682,84
176,000.00
106,802.-96
76,46L01

New Mexico.
First National Bank, Albuquerque
First Natibnal Bank, Santa Fe

160,000.00
49,613.90

New York.
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;
Citizens' Central National Bank
New York
Hanover National Bank, New York
Liberty National Bank, NewYork.
National Bank of Commerce, New
York
National City Bank, New York
New Amsterdam National Bank
New York
Seaboard National Bank, New York
First National Bank, Oswego
Westchester County National Bank,
Peekskill
Plattsburg National Bank, Plattsburg
Flour City National Bank,,Rochester
Traders' National Bank, Rochester.
Third National Bank, Syracuse
Manufacturers' National Bank
Troy
Second National Bank, Utica

Capitol National Bank, Guthrie
(failed)
Western National Bank, Oklahoma City
'

907,567.32
3,163,700,01
260,000.00

First National Bank, Portland
Merchants' National Bank, Portland

150,000.00
120,000.00
68,879.46
200,000.00
47,598.75
157,609.28
105,000.00
96,964.37
105,000.00
70, OOL 17

North Carolina. .
Blue Ridge National Bank, Asheville
Commercial National Bank, Charlotte
First National Bank, Durham
City National Bank, Greensboro...
Citizens' National Bank, Raleigh..
People's National Bank, Winston..

80,000.00
70,000.00
50,000.00
62,529.33
70,689,78
60,000.00

North Dakota.
First National Bank, Bismarck
First National Bank, Fargo
Second National Bank, Minot.. ^..




70,000,00
175,000,00
50,000,00

105,000,00
70,000,00
48,816,05
210,000,00
50,000,00

128,907.98
200,000.70

. Oregon.
796,743,14
199,753,73

Pennsylvania.
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, Phila
delphia
Quaker City National Bank, Philadelphia
Second National Bank, Pittsburg..
Mellon National Bank, Pittsburg .
First National Bank, Reading
Third National Bank, Scranton . . .
First National Bank, Wilkesbarre..
First National Bank, Y'ork

65,000,00
49,871.40
120,000.00
80,240.08
50,000,00
50,000,00

450,827.77
1,134,662.86
123,254.71
370,000.00
600,000.00
120,000.00
286,266.96
49,974.60
60,000.00

Rhode Island.
First JSTational Bank, Newport
Merchants' National Bank, Providence

49,936.32
49,962.82

South Carolina.
60,000.00
104,997.00
60,000.00

First National Bank, Charleston...
Carolina National Bank, Columbia.

96,299.00
1,010,000.00

Aberdeen National Bank, Aberdeen
J
First National Bank, Deadwood...

105,468.26
49,036.30

South Dakota.

Ohio.
First National Bank, Chillicothe.,
First National Bank, Cincinnati...
Third NationalBank, Cincinnati..

140,000.00
170, 956.62

Oklahoma.

138,980.94
120,000.00
49,915.62
197,923.20
149,606.40
140,000.00
50,000.00

3,213,762.55
7,714,000,00

$297,437.54
660,000; 00

260,000.00

61,732.79
70,000.00

253

TREASURER.

N o . 6 4 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS, WITH
THE BALANCE H E L D BY E A C H SEPTEMBER 30, 1904—Continued.

Title of bank.

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

REGULAR DEPOSITARIES—cont'd,

REGULAR DEPOSITARIES—cont'd.

Virginia—Con tinued,

South i)afcoto—Continued.
First National Bank, Huron
First National Bank, Rapid City...
Minnehaha National Bank, Sioux
Falls

Title of bank.

$49,724,42
50,000,00
50,137.98

American National Bank, Richmond
Merchants' National Bank, Richmond

Tennessee.
First National Bank, Bristol
Chattanooga National Bank, Chattanooga
Manufacturers' National" Bank,
Harriman
Unaka National Bank, Johnson
City
East Tennessee National Bank,
Knoxville
Holston National Bank, Knoxville.
First National Bank, Memphis
First National Bank, Nashville
Merchants' National Bank, Nashville
First National Bank, Tullahoma...

76,000.00
150,23L20
45,700.00
40,097.86
46,374.83
60,000.00
194,990.66
153,286.69
104,946.64
49,936,87

105,266.66
139,969.26
139,274.25
140,000.00
118,625.86
60,000.00
108,216.82
67,923.65
60,000.00

TJtah.
First National Bank, Ogden
Utah National Bank, Ogden
Deseret National Bank, Salt Lake
City
National Bank of the Republic,
Salt Lake City

171,074.07
199,550,83




450,550.39

299,371.59
600,000,00
513,435,85
99,840,40
100,000,00

West Virginia.
Citizens' National Bank, Charleston
Old National Bank, Martinsburg..
First National Bank, Parkersburg.
National Exchange Bank, Wheeling
,

59,995, 26
50,050.00
110,195.90
180,000,00

Wisconsin.
Ashland National Bank, Ashland.
Kellogg National Bank, Greenbay
National Bank of La Crosse, La
Crosse
:
First National Bank, Madison
First National Bank Milwaukee...
National Exchange Bank, Milwaukee
Wisconsin National Bank, Milwaukee
Old National Bank, Oshkosh
,

99,489,25
50,000.00
120,000.00
49,936,37
347,746,12
269,616.78
250,000.00
50,331.62

Wyoming.
First National Bank, Cheyenne
Stock Growers' National Bank,
Cheyenne

60,000.00
49,983,64

ADDITIONAL DEPOSITARIES.
Philippine Islands.
71,996.16

Virginia.
First National Bank, Alexandria...
First M ational Bank, Danville
Lynchburg National Bank, Lynchburg
National Bank of Commerce, Norfolk
Norfolk National Bank, Norfolk..,

National Bank of C o m m e r c e ,
Seattle
Seattle National Bank, Seattle
Washington N a t i o n a l B a n k ,
Seattle
Exchange National Bank, Spokane
National Bank of Commerce, Tacoma

48,621,62
49,959.69

Vermont.
Merchants' National Bank, Burlington
,

$180,000.00

Washington.

Texas.
Austin National Bank, Austin
American National Bank, Dallas..
City National Bank, Dallas
National Exchange Bank, Dallas..
First National Bank, .El Paso
South Texas National Bank, Houston
San Antonio National Bank, San
Antonio
Merchants and Planters' National
Bank, Sherman
Citizens' National Bank, Waco

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

69,654.52
60,000,00
100,000,00
348,948.03
617,486,36

Treasury of the Philippine Islands,
Manila (Sept. 10)

6,794,509, 74

Porto Eico.
American Colonial Bank of Porto
Rico, San Juan
Total

252,752,;
9,104,094,46

254

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

N o . 6 4 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OF PUBLIC MONEYS, WITH
THE BALANCE H E L D BY E A C H SEPTEMBER 30, 1904—Continued.

Title of bank.

To the credit
of the Treasurer of the
United
States.

Alabama.

Georgia—Continued
$40,000.00
40,000,00
120,000.00

First National Bank, Macon (failed)
American National Bank, Macon..
First National Bank, Marietta . . .

120,000.00

First NationalBank, Pocatello
First National Bank, Wallace

California.
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
Crocker-Wool worth NationalBank,
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

40,000.00
70,000.00
40,000.00
40,000.00
75,000,00
40,000,00
70,000,00
180,000.00
90,000.00
40,000,00

70,000,00
70,000.00
40,000.00
70,000.00
40,000.00

Connecticut.
Bridgeport National Bank, Bridge-'
port
First National Bank, Hartford
Aetna National Bank, Hartford . . .
First National Bank, Meriden
Home National Bank, Meriden
Mechanics' National Bank, NewBritain
National Bank of Norwalk, Norwalk
First National Bank, Norwich
Windham National Bank, Willimantic

70,000.00
70,000.00
40,000,00
240,000,00
70,000,00
70,000,00

142,000.00
60,000.00
40,000.00

District of Columbia.

142,000.00
2,100.000.00

Florida.
First National Bank, Fernandina..
First National Bank, Key West
Fort Dallas National Bank, Miami.
First National Bank, St, Augustine.
Exchange National Bank, Tanipa.

40,000,00
40,000,00
40,000,00
40,000,00
40,000,00




40,000.00
40,000.00

Illinois.
First National Bank, Ardboy
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
Joliet National Bank, Joliet
City National Bank, Kankakee
Pana Natiohal Bank, Pana
Edgar County National Bank, Paris.
Citizens' National Bank, Princeton.
Manufacturers' N a t i o n a l Bank,
Rockford

40,000.00
40,000.00
64,000.00
40,000.00
120,000,00
70,000,00
83,000,00
70,000,00
70,000,00
70.000,00
70,000,00
40,000,00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00

Indiana.

American National Bank, Washington
Citizens' National B a n k , Washington
National M e t r o p o l i t a n Bank
Washington
Riggs National Bank, Washington.

Georgia National Bank, Athens
Third National Bank, Atlanta
Fourth National Bank, Atlanta . . .
Third National Bank, Columbus..
National Bank of Columbus, Columbus

$40,000.00
72,000,00
40,000.00

Idaho.

Colorado.
First National Bank, Cripple Creek.
National Bank of Commerce, Denver
First National Bank, Fort Collins..
Carbonate National Bank, Leadville
Mercantile National Bank, Pueblo.

To the credit
of the Treasurer of the
United
States.

SPECIAL DEPOSITARIES—cont'd.

SPECIAL DEPOSITARIES.

First National Bank, Anniston
Anniston National Bank, Anniston.
City National Bank, Selma

Title of bank.

70,000.00
40,000.00

40,000.00
120,000.00
210,000.00
90.000,00
40,000,00

Citizens' National Bank, Bedford...
First National Bank, Brazil
First National Bank, Crawfordsville
Citizens' National Bank, Crawfordsville
Citizens' National Bank, Evansville
City National Bank, Evansville . . .
Hamilton National Bank, Fort
Wayne
First National Bank, F r a n k f o r t . . .
Franklin National Bank, Franklin.
Central National B a n k , Greencastle
Third National Bank, Greensburg..
Citizens' National B a n k , Greensburg
Columbia National Bank, Indianapolis
Fletcher National Bank, Indianapolis
Union National Bank, Indianapolis
Citizens' National Bank, Kokomo..
Howard National Bank, Kokomo..
City National Bank, Lafayette....
Merchants' National Bank, Lafayette
National Fowler Bank, Lafayette..
First Nn>tional Bank, Lebanon
.Leba,non National Bank, Lebanon .
Union County National Bank,
Liberty
First National Bank, Madison
National Branch Bank, Madison...
Delaware County National Bank,
Muncie
Merchants' National Bank, Muncie

40,000.00
40,000.00
40,000.00
70,000,00
40,000,00
40,000.00

180,000.00
40,000,00
40,000,00
40,000,00
40,000.00

40,000,00
300,000.00
70,000.00
40,000.00
40,000.00
40,000.00

93,000.00
40,000.00
40,000.00
40,000.00
40,000.00
70,000,00
70,000,00
40,000,00
70,000.00

255

TREASURER.

No.

6 4 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OF PUBLIC MONEYS, AVITH
THE BALANCE H E L D BY E A C H SEPTEMBER 30, 1904—Continued.

Title of bank.

To the credit
of the Treasurer of the
United
States.

. Title of bank.

To the credit
of the Treasurer of the
United
States.

SPECIAL DEPOSITARIES—cont'<f.

SPECIAL DEPOSITARIES—cont'd.
Indianor—Continued.

Zansas—Continued.

Second National B a n k , N e w
Albany
New Albany National Bank, New
Albany
Citizens' National Bank,Peru
People's NationalBank^ Princeton
First National Bank, Richmond...
South Bend National Bank, South
Bend
National Bank of Sullivan, Sullivan
Second National Bank, Vincennes.

First National Bank, Fort Scott
Galena National Bank, Galena
First National Bank, Horton
First National Bank, Hutchinson.,
Commercial National Bank, Independence
First National Bank, Junction City.
Commercial National Bank, Kansas City
First National Bank, Kingman...
Manufacturers' National Ba n k,
Leavenworth
First National Bank, Manhattan..
First National Bank, Ottawa
People's National Bank, Ottawa...
First National Bank, Pittsburg
Farmers' National Bank, Salina
NationalBank of America, Salina..
Central National Bank, Topeka...
Fourth National Bank, Wichita
Kansas National Bank, Wichita...
National Bank of Commerce,
Wichita
First National Bank, Winfield
Winfield NationalBank, Winfield..

$40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00

Iowa.
Citizens' National Bank, Belle
Plaine
:
First National Bank, Boone
Merchants' National Bank, Burlington
National State Bank, .Burlington . .
Cedar Falls National Bank, Cedar
Falls
Citizens' National Bank, Cedar
Falls
Cedar Rapids National Bank, Cedar Rapids
First National Bank, Chariton
City National Bank, Clinton
National Bank of Decorah, Decorah
Des Moines National Bank, Des
Moines
Valley National Bank, Des Moines.
First National Bank, Garner
Grundy County National Bank,
Grundy Center
Knoxville National Bank, Knoxville
Marion County National Bank,
Knoxville
First National Bank, Mason City . .
City National Bank, Mason City...
First National Bank, Montezuma..
First National Bank, Mount Pleasant
National State Bank, Mount Pleasant
Oskaloosa National Bank, Oskaloosa
Iowa National Bank, Ottumwa
Ottumwa National Bank, Ottumwa
First National Bank, Red Oak
Red Oak National Bank, Red Oak.
First National Bank, Rock Valley..
First National Bank, Shenandoah.
Shenandoah National Bank, Shenandoah
Iowa State National Bank, Sioux
City
First National Bank, Waterloo
Black Hawk National Bank,
Waterloo... .\
'
Commercial National Bank, Waterloo
t;^Leavitt & Johnson National Bank,
Waterloo
First National Bank, Waverly
Kansas.
Abilene National Bank, Abilene...
First National Bank, Anthony
Exchange National Bank, Atchison




40,000.00
40,000.00
64,000.00
70,000,00
40,000.00
40,000.00
68,000.00
40,000.00
40,000.00
40,000.00
70,000.00
70,000,00
40,000,00
40,000.00
40,000,00
40,000,00
70,000.00
70,000.00
40,000.00
70,000.00

$40,000.00
40,000,00
40,000,00
40,000.00
40, DOO. 00
51,087.85
40,000,00
40,000,00
68,000,00
70,000,00
40,000.00
40,000.00
40,000.00
40,000,00
40,000.00
70,000.00
40,000,00
70,000,00
40,000,00
40,000,00
40,000,00

Kentucky.
Second National Bank, Ashland...
Ashland National Bank, Ashland...
Merchants' National Bank, Ashland
Catlettsburg National Bank, Catlettsburg
Hardin National Bank, Elizabethtown
Trigg National Bank, Glasgow
Henderson National Bank, Henderson
Second National Bank, Lexington.
Fayette National Bank, Lexington.
First National Bank, Maysville —
Farmers' National Bank, Princeton
First National Bank, Somerset

45,000.00

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..

40,000.00
40,000,00
40,000,00
40,000,00
120,000,00
64,000,00
40,000,00
40,000,00
40,000,00
40,000.00

Louisiana.

40,000.00
40,000.00

40,000,00
70,000,00

40,000.00
70,000.00
120,000.00
40,000.00
40,000.00
40,000.00
40,000.00
^0,000.00
40,000.00
40,000.00
40,000.00
40,000.00

40,000.00
40,000,00
40,000,00

40,000.00
40,000.00
40,000,00
40,000,00
70,000,00
40,000.00

Maine.
First National Bank, Augusta
Northern National Bank, Hallowell
Canal National Bank, Portland
Ticonic National Bank, Waterville.
Maryland.
First National Bank, Baltimore
Third National Bank, Baltimore...
Citizens' National Bank, Baltimore
National Bank of Baltimore, Baltimore
National Bank of Commerce, Balti-.
more
,
,......,«

70,000.00
40,000.00
60,000.00
40,000.00
90,000.00
60,000.00
40,000.00
70,000.00
169,000.00

256

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

N o . 6 4 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OF PUBLIC MONEYS, WITH
THE BALANCE H E L D BY EACH SEPTEMBER 30, 1904—Continued.
To the credit
of the Treasurer of the
United
States.

Title of bank.

S P E C I A L DEPOSITARIES—cont'd.

SPECIAL D E P O S I T A R I E S — c o n t ' d .

Massachusetts—Continued.

ilfar^/ZancZ-Continued.
National Marine Bank, Baltimore.
National Union Bank of Maryland,
Baltimore
First National Bank, Catonsville .
Easton National Bank of Maryland, Easton
Farmers' and Mechanics' National Bank, Frederick
First National Bank, Frostburg...
First National Bank, Oakland
National Bank of Rising Sun, Rising Sun
Salisbury National Bank, Salisbury
Massachusetts.
Greylock National Bank, Adams..
First National Bank, Boston
Fourth National Bank, Boston . . .
American National Bank, Boston
Atlantic National Bank, Boston..,
Mount Vernon National Bank, Bostou
National Bank of the Republic,
Boston
People's National Bank of Roxbury, Boston
South End National Bank, Boston
State National Bank, Boston
Winthrop National Bank, Boston.
First National Bank, Fall River..
Massasoit-Pocasset National Bank,
Fall River
Westminster National Bank, Gardner
City National Bank, Gloucester
Haverhill National Bank, Haverhill
Hingham National Bank, Hingham
Merchants' National Bank, Lawrence
Lee National Bank, Lee
Traders' National Bank, Lowell...
Central National Bank, Lynn
First National Bank, Marlboro
People's National Bank, Marlboro.
Natick National Bank, Natick
Merchants' National Bank, New
Bedford
:
Adams National Bank, North
Adams
Berkshire National Bank, North
Adams
First National Bank, Northampton.
Northampton National B a n k ,
Northampton
Agricultural National Bank, Pittsfield
Old Colony National Bank, Plymouth
*.
First National Bank, Reading
Asiatic National Bank, Salem . . . . .
Mercantile National Bank, Salem.
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




Title of bank.

$40,000.00
70,000.00
40,000.00

120,000.00
40,000.00
93,000,00
40,000,00
94,000,00
40,000,00
60,000,00
544,000.00
70,000.00
120,000,00
40,000.00
70,000.00
210,000.00
70,000.00
70,000,00
144,000,00
90,000,00
40,000,00
62,000,00
40,000,00
258,000,00
152,000,00
70,000,00
70,000.00
40,000.00
150,000.00
25,000.00
90,000.00
70,000.00
70,000.00
132,000.00
138,000.00
a 70,000.00
66,000.00
40,000.00
120,000.00
70,000.00
40,000.00
70,000.00
70,000.00
40,000,00
70,000,00
70,000.00

120,000.00
70,000.00
40,000.00
120,000.00

First National Bank, West Newton
Mechanics' National Bank, Worcester
•
Michigan.
Merchants' National Bank, Charlotte
:First National Bank, Iron Mountain
Hackley National Bank, Muskegon
First National Bank, Petoskey . . .
First National Exchange Bank,
Port Huron
Commercial National Bank, SagiUnion City National Bank, Union
City
Minnesota.
First National Bank, Albert Lea..
First National Bank, A u s t i n . . . . . .
First National Bank, Benson
City National Bank, Duluth
NorthwesternNational Bank, 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 National Bank, Winona
Second National Bank, Winona . .
First National Bank, Gulfport
First National Bank, Hattiesburg..
National Bank of Commerce, Hattiesburg
First National Bank, Laurel
First National Bank, Meridian
First National Bank, Yazoo City...
Missouri.
Hannibal National Bank, Hannibal
Joplin National Bank, Joplin
City National Bank, Kansas City.,
New England National Bank,
Kansas City
Union National Bank, Kansas
City...!
Baird National Bank, Kirksville...
National Bank of Kirksville, Kirksville
'.
Tootle Lemon National Bank, St.
Joseph
Third National Bank, St, L o u i s —
Fourth National Bank, St, Louis . .
Third National Bank, Sedalia
Citizens' NationalBank, Sedalia..
Union National Bank, Springfield.
Trenton National Bank, Trenton..
People's National Bank, Warrensburg

a Discontinued; bonds withdrawn Oct. 4,1904,

To the credit
of the Treasurer of the
United
States,

257

TREASURER.

N o . 6 4 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OF PUBLIC MONEYS, WITH
THE BALANCE H E L D BY EACH SEPTEMBER 30, 1904—Continued.

Title of bank.

To the credit
of the Treasurer of the
United
States.

SPECIAL DEPOSITARIES—cont'd.

Neiv I-^or/c—Continued,
$70,000.00

Nebraska.
National Bank of Ashland, Ashland
First National Bank. Beatrice
Farmers and Merchants' National
Bank, Fremont
•.
Fremont National Bank, Fremont.
First National Bank, Hastings
City National Bank, Lincoln
Nebraska City National Bank, Nebraska City '.
Fir.st National Bank, North Platte.
Union National Bank, Omaha
South Omaha National Bank,
South Omaha
Citizens' National Bank,Tecumseh.
First National Bank, Y^ork
City National Bank, York

40,000.00
70,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
70,000.00
70,000.00
40,000.00
40,000.00
40,000.00

Neio Hampshire.
National State Capital Bank, Concord
— .
Merchants'National Bank, Dover..
First National Bank, Hillsboro
Bridge
Cheshire National Bank, Keene...
KeeneNational Bank, Keene
First National Bank, Manchester..
Second National Bank, Manchester
Amoskeag National Bank, Manchester
Merchants' National Bank, Manchester
Souhegan National Bank, Milford.
Second National Bank, Nashua
First National Bank, Somersworth.
Somersworth National Bank, Somersworth

40,000.00
40,000.00

40,000.00
40,000.00
88,000.00
70,000,00
40,000,00
90,000.00
40,000.00
40,000.00
90,000.00
70,000.00
40,000.00

New Jersey.
Second National Bank, Hoboken..
First National Bank, Manasquan.,
Farmers' National Bank of New
Jersey, Mount Holly
First National Bank, Princeton
First National Bank, Seabright
Vineland National Bank, Vineland

40,000.00
40,000,00

70,000.00
65,000.00
40,000.00
40,000.00

New Mexico.
First National Bank, Clayton
New York.
First National Bank, Addison
Columbia-National Bank, Buffalo .
National Bank of Cohoes, Cohoes..
Lake Shore National Bank, Dunkirk
Merchants' National Bank, Elmira.
Glens Falls National Bank, Glens
Falls
.,
Herkimer National Bank, Herkimer
First NationalBank, Hornellsville.
Ilion National Bank, Ilion
National Herkimer County Bank,
Little Falls

FI 1904

17




To the credit
of the Treasurer of the
United
States.

SPECIAL DEPOSITARIES—cont'd.

Montana.
First National Bank, Butte

Title of banks.

40,000.00

40,000.00
90,000.00
70,000.00
40,000.00
40,000.00
60,000.00

97,000.00
40,000,00
40,000.00
40,000.00

First National Bank, Mount Vernon
First National Bank, New Y o r k . . .
Fifth National Bank, New York...
American Exchange National
Bank, New York
Astor National Bank, New York..,
Bank of New York National Banking Association, New York
Chase National Bank, New York ..
Consolidated National Bank, New
York
Gallatin National Bank, New
Y^ork
Lincoln National Bank, New York.
Mechanics' National Bank, New
York
Mercantile National Bank, New
Y'ork
National Bank of North America,
New York
National Park Bank, New York...
New York National Exchange
Bank, New York
United National Bank, New York.
State National Bank, North Tonawanda
National Bank of Norwich, Norwich
Exchange National Bank, Olean ..
Citizens' National Bank, Saratoga
Springs
First National Bank, Ticonderoga.
First National Bank, Tonawanda..
First National Bank, Utica
Oneida National Bank, Utica
Utica City National Bank, Utica...
First National Bank, Waverly

$70,000,00
1,610,000,00
120,000.00
634,000.00
350,000.00
120,000,00
1,102,000,00
120,000.00
60,000,00
150,000,00
40,000.00
820,000,00
638,000,00
1,800,000,00
85,000,00
70,000,00
40,000.00

88,000.00
. 40,000.00
120,000.00
40,000,00
96,000,00
90,000,00
98,000,00
95,000,00
70,000.00

North Carolina.
Charlotte National Bank, Charlotte
First National Bank, Elizabeth
City
National Bank of High Point, High
Point
First National Bank, Weldon
Atlantic National Bank, Wilmington
Murchison National Bank, Wilmington

40,000.00
40,000.00
40,000.00
40,000.00

104,800.00
96,000.00

Ohio.
Second National Bank, A k r o n . . . . .
National City Bank, Akron
First National Bank, Athens
First National Bank, Barnesville..
National Bank of Barnesville,
Barnesville
Bridgeport National Bank, Bridgeport
Central National Bank, Cambridge.
First National Bank, Canton
Fifth National Bank, Cincinnati...
German NationalBank, Cincinnati.
National La Fayette Bank, Cincinnati
First National Bank, Cleveland...-.
Central National Bank, Cleveland.
Euclid Park National Bank, Cleveland

Union National Bank, Cleveland..

40,000.00
40,000.00
40,000.00
160,000.00
180,000,00
40,000.00
40,000,00
120,000,00
135,000.00
70,000.00
174,000.00
40,000.00
120,000.00
460,000.00
360,000.00

258

REPORT ON T H E FINANCES.

N o . 6 4 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS, WITH
THE BALANCE H E L D BY EACH SEPTEMBER 30, 1904—Continued..

Title of bank.

To the credit
of the Treasurer of the
United
States.

Title of bank.

To the credit
of the Treasury of the
United
States.

S P E C I A L DEPOSITARIES—cont'd.

SPECIAL DEPOSITARIES—cont'd,

Ohio—Continued,

Pennsylvania—Con ti nuecl.

Commercial National Bank, Columbus
New First National Bank, Columbus
Fourth National Bank, Dayton
First National Bank, Defiance
Citizens' National Bank, East
Liverpool
First National Bank, Ironton..
Kenton National Bank, K e n t o n . . .
First National Bank, Marietta
Marion National Bank, Marion
Citizens' National Bank, McConnelsville
Medina County National Bank,
Medina
First National Bank, Niles
Piqua National Bank, Piqua.
QuakerCity National Bank, Quaker
City
Second National Bank, Ravenna..
First National Bank, St. Clairsville.
First National Exchange Bank,
Sidney
First National Bank, Springfield...
Mad River National Bank, Springfield
National Exchange Bank, Steubenville
Merchants' National Bank, Toledo.
Northern National Bank, Toledo..
Western Reserve National Bank,
Warren
First National Bank, Y^oungstown..
First National Bank, Zanesville . . .
Old C i t i z e n s ' N a t i o u a l Bank,
Zanesville

First National Bank, Ebensburg...
First National Bank, Emporium...
First National Bank, Greenville...
First National Bank, Hanover
Harrisburg National Bank, Harrisburg
First National Bank, Hollidaysburg
,
Union National Bank,Huntingdon.
National Bank of Jersey Shore,
Jersey Shore
First National Bank, Johnstown..
Citizens' National Bank, John.stoAvn
Farmers' National Bank, Kittanning
Northern National Bank, Lancaster
First National Bank, Lansford
Lebanon NationalBank, Lebanon.
People's National Bank, Lebanon..
National Bank of Malvern, Malvern
Keystone National Bank, Manheim
First National Bank, Marietta.....
Mauch Chunk National Bank,
Mauch Chunk
First National Bank,McKeesport..
National Bank of McKeesport,
McKeesport
First National Bank, Mount Carmel
First National Bank, Mount Joy ..
First National Bank, Newcastle . . .
Citizens' National Bank, Newcastle
National Bank of Oxford, Oxford..
First National Bank, Perkasie
Eighth National Bank, Philadelphia
Farmers and Mechanics' National
Bank, Philadelphia
Fourth Street National Bank,
Philadelphia
Girard National Bank, Philadelphia
National Bank of Germantown,
Philadelphia
Northwestern National B a n k ,
Philadelphia
Union National .Bank, Philadelphia
First National Bank, Pittsburg
Bank of Pittsburg National Association, Pittsburg
Federal National Bank, Pittsburg..
People'sNational Bank, Pittsburg..
Union National Bank, Pittsburg . .
National Bankof Pottstown, Pottstown
Merchants'
National
Bank,
Quakertown
Reading National Bank, Reading .
First National Bank, Rimersburg..
National Bank of Sayre, Sayre
Traders' National Bank, Scranton.
Sellersville National Bank, Sellersville
National Bankof Slatington, Slatington
°
,
Stroudsburg N a t i o n a l B a n k ,
Stroudsburg
First National Bank, Sunbury

$70,000.00
88,000.00
40,000.00
70,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000. 00
40,000,00
40,000,00
40,000,00
40,000.00
40,000.00
42,000.00
40,000.00
40,000.00
40,000,00

70,000.00
90,000.06'
196,000.00
40,000,00
40,000,00
40,000,00

210,000.00

Oregon.
First National Bank, Baker City...
First National Bank, Eugene
United States National Bank, Portland

70,000,00
40,000.00
70,000. 00

Pennsylvania.
German National Bank, Allegheny
Second National Bank, Allentown
Ashland National Bank, Ashland.
Athens National Bank, A t h e n s . . .
First National Bank, Blairsville..
Miners' National Bank, Blossburg
Jefferson County National Bank,
Brookville
First National Bank, Canton
National Bank of Catasauqua, Catasauqua
Valley National Bank, Chambersburg
,
Delaware County National Bank,
Chester
Clearfield National Bank, Clearfield
County National Bank, Clearfield .
First National Bank, C l i f t o n
Heights
•
National Bank of Chester Valley,
Coatesville
N a t i o n a l Bank of Coatesville,
Coatesville
:
Tradesmen's National Bank, Conshohocken

First National Bank, East Brady..




300,000,00
40,000,00
40,000.00
70,000,00
40,000,00
70,000,00
40,000, 00
42,000.00

64,000,00
70,000,00
180,000,00
40,000.00
40,000,00

40,000,00
60,000,00
70,000.00
40,000.00
40,000.00

$40,000.00
70,000.00
60,000.00
40,000.00
126,000.00
70,000.00
40,000,00

40,000.00
90,000,00
40,000,00
70,000,00

120,000.00
40,000,00
40.000,00
40,000,00
66,000.00
41,000,00
40,000.00
40,000,00
70,000,00
40.000,00
40,000.00
40,000,00
40,000,00
42,000.00
40,000.00
40,000.00

70,000.00
98,000,00
873,000.00
174.000,00
70,000,00
70,000,00
120,000,00
180,000.00
180,000,00
40,000.00
450,000.00
300,000.00
.40,000.00

40,000,00
50,000,00
40,000,00
40,000,00
84,000,00
40,000.00
40,000.00
40,000.00
40,000.00

259

TREASURER.

N o . 6 4 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS, WITH
THE BALANCE H E L D BY E A C H SEPTEMBER 30, 1904—Continued.

Title of bank.

To the credit
of the Treasurer of the
United
States,

SPECIAL DEPOSITARIES—cont'd,

Vermont.
$40,000,00
43,000,00
40,000,00
120,000.00
70,000,00
40,000,00

90,000,00
100,000,00

Rhode Island.
National Exchange Bank, Providence
Old National Bank, Providence . . .
National Niantic Bank, Westerly..

60,000,00
40,000,00
40,000,00

South Carolina.
People's National Bank, Charleston
National Loan and Exchange
Bank, Columbia
City National Bank, Greenville..
National Bank of Greenville,
Greenville
National Union Bank, Rockhill...
Central National Bank, Spartanburg

65,000,00
40,000,00
40,000,00
40,000,00
40,000,00
42,000.00

South Dakota.

Tennessee.
40,000,00
40,000,00
40,000,00
40,000.00
70,000,00
40,000,00

180,000.00
140,000,00

Texas.
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, Houston
Merchants' National Bank, Houston
First National Bank, Paris
City National Bank, Paris
First National Bank, San Angelo..
City National Bank, San Antonio..
Lockwood National Bank, San
Antonio
Texarkana National Bank, Texarkana
Citizens' National Bank, Tyler —
Jester National Bahk, Tyler




National Bank of Barre, Barre
People's National Bank, Brattleboro
Vermont National Bank, Brattleboro
Lyndonville National Bank, Lyndonville
Montpelier National Bank, Montpelier
,
Killington National Bank, Rutland
First National Bank, St, Johnsbury
National Bank of Newbury, Wells
River
National Bank of White River
Junction, Whi te River Junction..
Woodstock National Bank, Woodstock
,

$40,000,00
70,000,00
75,000,00
40,000.00
166,000.00
40,000.00
70.000.00
40.000.00
40,000. 00
70.000. 00

Virginia.

First National Bank, Madison

First National Bank, Chattanooga.
First National Bank, Clarksville ..
First National Bank, Dyersburg..
City National Bank, Johh.son City..
City National Bank, Knoxville
Mechanics' National Bank, Knoxville
National Bank of Commerce, Memphis
,
State National Bank, Memphis

To the credit
of the Treasurer of the
United
States,

SPECIAL DEPOSITARIES—cont'd.

Pennsylvania—Continued,
First National Bank, Troy
First National Bank, Tyrone . . . . . . .
Farmers and Merchants' National
Bank, TjTone.
First National Bank, Wellsboro
First National Bank, Westchester..
Second National Bank, Wilkesbarre
West Branch National Bank, Williamsport
Y''ork National Bank, York

Title of bank.

First National Bank, Abingdon
Dominion National Bank, Bristol.
First National Bank, Farmville
First National Bank, Harrisonburg
Rockingham National Bank, Harrisonburg
Loudoun National Bank,Leesburg
People's National Bank, Leesburg
People's National Bank, Manassas
Marion National Bank, 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 National Bank, Staunton
NationalValleyBank, Staunton...
Tazewell National Bank, Tazewell
Farmers and Merchants' National
Bank, Winchester

40,000.00
40,000. 00
40,000.00
40.000.00
40,000. 00
70,000.00
70,000.00
40,000.00
40,000.00
40,000.00

40,000.00
162,000. 00
218,000.00
240,000. 00 .
40,000.00
40,000.00
40,000.00
40,000.00

50,000.00

Washington.
40,000.00
40,000,00
40,000,00
40,000,00
40,000,00
40,000,00
40,000,00
40,000,00
40,000,00
40,000.00
40,000,00
40,000.00
40,000,00

98,000,00
. 40,000.00
40,000.00

First National Bank, Everett
American National Bank, Everett.
Capital National Bank, Olympia...
Traders' National Bank, Spokane.,

40,000,00
40,000,00
40,000,00
160,000.00

West Virginia.
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, P i e d m o n t —
First National Bank, Sistersville..,
Farmers and Producers' National
Bank, Sistersville

40,000.00
120,000,00
120,000,00
40,000.00
40,000.00
43,000,00
40,000,00
70,000,00
40,000.00

260

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

N o . 6 4 . — N A T I O N A L BANKS DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS,
THE BALANCE H E L D BY EACH SEPTEMBER 30, 1904—Continued.
To the credit
of the Treasurer of the
United
States.

Title of bank.

SPECIAL DEPOSITARIES—cont'd.

Title of bank.

To the credit
of the Treasurer of the
United
States.

SPECIAL D E P O S I T A R I E S — c o u t ' d .

Wisconsin—Con tinued.

Wisconsin.
Citizens' National Bank, Appleton.
Lumbermen's National Bank,
Chippewa Falls
,
Eau Claire National Bank, Eau
Claire
Fond du Lac National Bank, Fond
du Lac
Citizens' National Bank, Greenbay
Rock CountyNational Bank, Janesville
,
National Bank of Merrill, Merrill.
Marine National Bank,Milwaukee,
Milwaukee National Bank, Milwaukee

$40,000,00
40,000,00
40,000,00
40,000,00

Citizens' National Bank, Oconto..
National Union Bank, Oshkosh
First National Bank, Stevens Point
National German-American Bank,
Wausau
First National Bank of the city of
Superior, West Superior

40,000,00
40,000,00
40„000.00
90,000,00

$40,000.00
40,000,00
40,000,00
70,000,00
90,000.00

Wyoming.
First National Bank, Laramie . .*..

40,000.00
46,927,887,85-

Total

120,000,00

RECAPITULATION,
Regular depositaries
Special depositaries

$69,104,094,46
46,927,887.85

Aggregate

116,031,982.31

N o . 6 5 . — N U M B E R OP NATIONAL BANKS WITH SEMIANNUAL DUTY P A I D , BY FISCAL
YEARS, AND NUMBER OF DEPOSITARIES WITH BONDS AS SECURITY AT CLOSE OP
EACH F I S C A L Y E A R .

Fiscal year
1890
1891
1892
1893
1894
1895
1896..1897
1898
1899
1900
1901
1902
1903
1904

•




Number Bonds held
Number Bonds held
deposi- to secure
secure cir- Semiannual
of banks. toculation. duty collected. of taries.
deposits.
3,608 $145,228,300
3,675 142,508,900
3,765 163,190,050
3t846
176,688,260
3,797 201,691,760
3,767 207,680.800
3,737 228,916; 950
3,615
230,471,550
3,634 220,201,400
3,699 229,688,110
3,822 284,378,040
4,187
326,119,230
4,553 317,038,530
6,014
376,068,770
5,409 416,016,690

$1,264,839,65
1,216,104,72
1,331,287,26
1,443,489,69
1,721,096,18
1,704,007.69
1,851,676,03
2,020,703,66
1,901,817,71
1,991,743,31
1,881,922,73
1,699,221.08
1,633,309.16
1,708,819,92
1,928,827.49

205
185
169
160
156
160
160
168
172
357
442
448
677
713
842

$29,713,000
26,349,500
16,852,000
15,247,000
14,736,000
16,278,000
16,928; 000
16,930,600
30,861,500
78,564,640
107,253,580
105,765,450
124,718,650
162,852,020
112,902,650

Total bonds
held.
$174,941,300
168,858,400
179,042,050
191 835 250
216,427,750
222 958 800
245,843,960
247,402,050
261,052,900
308,252,650
391,631,620
431,884,680
441,757,180
527,920,790
628,919,240

261

TREASURER.

N o . 6 6 . — A V E R A G E AMOUNT OP NATIONAL-BANK NOTES IN CIRCULATION, - AND
AMOUNT OP DUTY P A I D THEREON FOR THE FISCAL Y E A R ENDED JUNE 30, 1904, BY
NATIONAL BANKS IN. EACH STATE AND TERRITORY.
Average
Duty paid
amount of
circulanotes in circu- on tion.
lation.
Maine
New Hampshire
Vermont
Massachusetts
Rhodelsland
Connecticut

,

Total of New
England
States
,

$5,787,161.00
4,475,775.00
4,669,149.00
26,186,362.00
4,434,793.00
10,123,605.00

$29,437,05
23,137.65
23,387. 42
131,566.67
22,440. 32
51,657.22

55,566,845,00

281,626,33

New York
New Jersey...
Pennsylvania
. DelaAvare
Maryland
District of Columbia

65,536,523,00
8,647,916,00
53,080,658,00
968,888,00
6,867,860,00
1,634,496,00

331,079,26
43,778,30
269,299,26
6,092, 61
34,783,14
8,172,47

Total of Eastern States...

136,736,341.00

692,205,03

5,068, 412.00
3,629; 139,00
2,016, 312,00
1,606, 965,00
3,265, 048,00
1,107, 063.00
2,766, 234.00
1,264, 512.00
2,481, 967.00
11,208, 351,00
484, 702.00
9,668, 970.00
3,853, 220,00
67 600.00

26,018, 98
18,588.49
10,268,78
8,034,78
16,329,74
5,597,81
13,974,27
6,322,65
12,409,93
66,686.16
2,423.48
48,936,81
19,611,34
337,50

Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi..
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Porto Rico
Total of South
ern States...

48,478,395.00

246,440,62

Average
Duty paid
amount of
circulanotes in circu- on tion.
lation.
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total of Middle States

$28,076,910 $150,007.40
8,790,249
44,581.12
90,713.53
17,963,949
35,655,85
6,952,370
29,816,17
6,960,989
30,090,99
5,990,760
49,042,96
9,766,130
86,132. 60
17,123,727
100,616,074
1,126,329
1,057,916
4,795,412
6,243,169
929,005
440,162
3,949,517
735,768
1,301,521
1,657,269

5,631,39
6,345.97
24,347.67
31,316.71
4,819.25
2,200,83
20,121.66
3,678.80
6,600.93
8,286.33

22,236,048

112,349.34

Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii

1,594,572
1,565,029
10,636,728
336,180
1,309,646
120,500
367,264
6,356
140,613

8,593,44
7,948.94
63,276.37
1,736.51
6,647.71
602.60
1,836.34
31.77
703.07

16,075,787

81,275.65

Total of Pacific
States
Total for United
States . . .

379,708,490 1,928,837.49

-RECEIPTS
No. 67.-

AND DISBURSEMENTS OP PUBLIC MONEYS THROUGH
BANK DEPOSITARIES, BY FISCAL YEARS PROM 1890.

Fiscal year.
1890
1891
1892
1893
1894
1895 .
1896
1897
1898
1899
1900
1901
1902
1903. . .
1904

Receipts.
$147,761,566,81
152,389,837,70
159,380,415,47
166,257,666,29
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, 656.56
313,373,160.38
281,234,091,57
244,947,528,71
251,970,862.61




Funds transFunds transferred to banks. ferred to Treasury
by banks.
$20,285,150.91
21,364,103.93
24,793,023.09
28.583.034.22
39,501,947.41
41,892,885.26
46.867.861.23
60,059.756.00
82,971,223.08
226,173.117.13
166.289,607.85
125,443,007.56
157,041,671.84
201,897,430.60
176,189,6n. 66

516,940, 62

North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
.,
New Mexico
Oklahoma
Indian Territory
Total of Western States ...

$163,808,962.13
155,747,224,40
172,960,512.47
172.620.613.70
162,102,390.66
187,592,611,38
205,465,269,58
179,269,503,12
245,636.845,31
448.437.283.16
425,260,383,24
413,853,457.60
388,229,463,27
388,539,946,66
414.301.176.71

Drafts paid by
banks.
$20,648,812,80
23,386,731,39
22,162,485.24
22,707,590.82
24,265,231.27
23,186,071.16
22,671,650.77
19,350,217,64
22,830,954,62
24,560,430.04
22,606,835.39
24,141,398,97
26,347,319.10
35,446,560.08
49,400,676.71

NATIONAL-

Balance.
$26,994,464.70
21,614,450.64
10,664,891.39
10,177,287,38
10,638,528,99
11,193,267,18
11,630,235,80
12,376,919,43
34,058,462,19
70,610,088,32
92,836,133.10
93,657,444.47
117,366,325,51
140,216,778.08
104,674,399,83

262

REPORT ON T H E FINANOES.

N o . 6 § . — O L D DEMAND NOTES OP EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING JUNE. 30, 1904.

Total issued.

Denomination,
Five dollars
Ten dollars
Twenty dollars
Total

Total
redeemed.

Outstanding.

$21,800,000
20,030,000
18,200,000

.

$21,778,337", 60
20,010,015.00
18,187,800.00

$21,662.50
19,985.00
12,200.00

60,030,000

. .
'

Redeemed
during
year.

69,976,152.50

53,847.50

N o . 69.—FRACTIONAL CURRENCY OP EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING JUNE 30, 1904.

Total issued.

Denomination.

Redeemed
during
year.

Total
redeemed.

OutstaiLding,

$511,713.78
3.836.125.28
77.140.869,03
6.065.474.29
134,759,869,16'
132,132,839,70

$90,210,12
1,858,592.57
5,067,587.77
240,094,11
4,271,612,84
3(759,090,80

368.724.079,45

353,446, 891,24
32,000.00

15,277,188,21
32,000,00

368,724,079,45

363,478,891.24

15,245,188.21

Three cents
Five cents
Ten cents
Fifteencents
Twenty-five cents.
Fifty cents

$601,923,90
5,694,717.85
82,198,456,80
5,305. 568,40
139,031.482,00
135.891,930,50

Total
Unknown, destroyed .
Net

$3,15
15.00
330,70
15.15
775.75
851,00

N o . TO.—COMPOUND-INTEREST NOTES OP EACH DENOMINATION ISSUED, REDEEMED,
AND OUTSTANDING J U N E 30, 1904.

Denomination,

Total issued.

Redeemed
during
year.

Total
redeemed.

Outstanding,

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

Total

$170
180
500
100

$23,264,790
30,093,470
60,762,360
45,062, 300
67,834,500
39,416,000

$20,410
32,370
61,650
32,100
11,500
4,000

266,695,440

Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars

960

266,433,410

162 030

N o . 7 1 . — O N E AND TWO Y E A R NOTES OP EACH DENOMINATION ISSUED, REDEEMED,
AND OUTSTANDING J U N E 30, 1904.

Total issued.

Denomination.
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Total
Unknown, destroyed
Net




. .

Redeemed
during
year, .

Total
redeemed.

Outstanding.

$6,200,000
16,440,000
20,945,600
37,804,400
40,302,000
89,308,000

$20
80
100

$6,193,825
16,427,600
20,932,250
37,788,300
40,300,500
89,289,000

$6 175
12,400
13,350
16,100
1,500
19,000

211,000,000

200

210,931,475
10, 590

68, 525
10,590

211,000,000

200

210,942,005

57,935

263

TREASURER.

N o . 7 2 . — U N I T E D STATES P A P E R CURRENCY OP EACH CLASS, T O G E T H E R WITH O N E
AND T W O Y E A R NOTES AND COMPOUND-INTEREST NOTES, • ISSUED, R E D E E M E D , AND
O U T S T A N D I N G J U N E 30, 1904.
Issued during year.

Class.

Redeemed
d u r i n g year.

Total issued.

Total
redeemed.

Old d e m a n d n o t e s
$60,030,000.00
$59,976,152.60
United States notes
$122,680,000 3, 503,345,808.00 $122,680,000,00 3,156,664,792.00
6.265.000,00
447,435,000.00
434,457,000,00
T r e a s u r y n o t e s of 1 8 9 0 . . .
G o l d certificates
214,770,000 2,384,014,880.46 129,589,300,00 1,889,724,311,46
S i l v e r certificates
312,576,000 2,946,830,000,00 306,806,000.00 2,476,354,000,00
1,473,625,000,00
1,473,625,000.00
C u r r e n c y certificates
Fractional currency
.368,724,079,45
1,990,75
353,478,891.24
One a n d two year notes.
211,000,000,00
200,00
210,942,066,00
Compound-interest notes
266,595,440.00
950,00
266,433,410,00
Total

No.

Outstanding,

$53,847, 50
346,681,016,00
12,978,000.00
494,290,669,00
470,476,000,00
16 246 188 21
67,936.00
162,030,00

. . 650,026,000 11,660,600,207.91 566,343,240,76 10,320,655,622,20 1,339,944,585.71

7 3 . - -SEVEN-THIRTY

NOTES

ISSUED,

REDEEMED,

AND OUTSTANDING

JUNE

30,

1904.
Redeemed to Redeemed
during
Total issued. June 30,1903,
year.

Total
redeemed.

July 17,1861 . .
August 15,1864
June 15,1865..,
July 15,1865 . .

$140,094,750
299,992,600
331,000,000
199,000,000

$140,085,350
299,946,700
330,969,650
198,964,660

$140,085,360
299,946,700
330,969,660
198,954,660

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

Total ...

970,087,260

969,956,250

969,956,250

131,000

Issue.

No.

7 4 . — C O U P O N S PROM U N I T E D STATES B O N D S A N D INTEREST N O T E S P A I D
THE F I S C A L Y E A R 1904, C L A S S I F I E D B Y L O A N S .

T i t l e of l o a n .

Number
of
coupons.

L o a n of J u l y a n d A u g u s t
1861
T e n - f o r t i e s of 1864
F i v e - t w e n t i e s of 1865
Consols of 1865
Consols of 1867
rnnsjnlqnf lfifi8
F u n d e d l o a n of 1891

No.

Outstanding.

T i t l e of l o a n .

Number
of
coupons.

F u n d e d l o a n of 1907
L o a n of 1904
L o a n of 1925
L o a n of 1908-1918
Consols of 1930
T w o - y e a r n o t e s of 1 8 6 3 . . .

377,582
23,893
118.577
462,-475
42,616
3

$1,725.205.50
220,627,71
1,030,171,50
1,085,609,20
191,589,00
3,21

1,025,201

4,263,673, 62

Amount.

6
2
1
3
13
2
28

$90,00
17,60
3,00
6,00
31,50
4,60
316,00

DURING

Total

Amount.

7 5 . - C H E C K S I S S U E D P O R I N T E R E S T ON R E G I S T E R E D B O N D S D U R I N G T H E F I S C A L
YEAR

1904.

Number.

T i t l e of l o a n .
F u n d e d l o a n of 1907
.
L o a n of 1904
L o a n of 1925
L o a n of 1908-1918
Cou-sols of 1930
S p a n i s h i n d e m n i t y certificates
P h i l i p p i n e l o a n of 1914-1934
D i s t r i c t of C o l u m b i a 3 65 p e r c e n t b o n d s
Total




..

.

Amount,

63,678
2, Oil
14,919
93,137
28,335
214
193
485

$4,825,782,50
245,287.13
. 3,684,137,50
1,281,496,65
9,597,860,50
57,000.00
70,000.00
441,212.00

202,972

20,202,766.28

264
No.

REPORT ON T H E F I N A N C E S .
7 6 . — I N T E R E S T ON 3.65 PER CENT BONDS OP THE DISTRICT OP COLUMBIA P A I D
DURING THE FiSCAL Y E A R 1904.
Where paid.

Coupons.
$3,441.95
24,111. 90

Total

$12,391,75
427,707,00

$16,833.70
451,818,90

27,553.85

Treasury United States, Washington . .
Subtreasury United States,.New Yorlu

Checks.

440,098,76

467,652.60

Total,

N o . 7 7 . — R E F U N D I N G CERTIFICATES ISSUED UNDER.THE ACT OP FEBRUARY^ 26, 1879,
CONVERTED INTO BONDS OP THE FUNDED LOAN OP 1907, PURCHASED AND OUTSTANDING.

How payable.

T
P u r c h a s e d v eo tt a ld conr e a n d Outstandduring
purchased to
ing.
year.
J u n e 30, 1904.

$58,600
39,964,260

Total

$i,-4i6

. $110

$58,430
39,926,240

$70
29,010

40,012,760

To o r d e r
To b e a r e r

No.

Converted
during
_ year.

Issued.

1,410

110

39,983,670

29,080

7 8 . — B O N D S RECEIVED IN EXCHANGE POR CONSOLS OP 1930 DURING THE FISCAL
Y E A R 1904.

T i t l e of l o a n .

Registered.

Accrued
interest.

Principal,

Present
worth in
e x c e s s of
par value.

Total

$2,150,650
2,183,700

$14,644,450
3,788,000

$16,795,100
5,971,700

$70,375,74
31,861.26

$1,052,045.35
205,532, 66

4,334,350

F u n d e d l o a n of 1907
L o a n of 1908-1918

No. 79.

Coupon.

18,432,450

22,766,800

102,237.00

1,257,578,01

-PUBLIC DEBT J U N E 30, 1903, AND J U N E 30, 1904, AND CHANGES DURING
THE Y E A R .

T i t l e of l o a n .

R a t e of
interest.

Outstanding
J u n e 30,1903.

Issued d u r i n g
Retired
year.
during year.

Outstanding
J u n e 30, 1904.

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 1926
L o a n of 1908-1918
Consols of 1930

P e r cent.
4
$173,385,650.00
4
30,600.00
5
19,385,050.00
4
118,489,900.00
3
83,107,060.00
2
520,143,150.00

22,766,800,00

914,541,410.00

22,769,400.00

Total
DEBT ON W H I C H INTEREST
HAS CEASED.
Olddebt
TVt0 6
L o a n of 1847
6
T e x a n i n d e m n i t y stock
5
L o a n o f 1858
6
6-20sof 1 8 6 2 . . .
6
6-20S of J u n e , 1864
6
5-20sof 1865
6
10-40sof 1864
5
Consols of 1865
6
Consols of 1867
6
Consols of 1868. -.
6
L o a n of F e b r u a r y , 1861
6
F u n d e d l o a n of 1881
. 5
F u n d e d l o a n of 1881, c o n t i n u e d
3i
Oregon w a r debt
6
6
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
,
3^




$2,600.00 $16,795,100.00
1,520.00
14,712,460.00

$156,593,150.00
29,080.00

5,97i,700.00

118,489,900.00
77,136,360.00
542,909,950.00

37,480,770.00

895,157,440.00

/
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
60,00
2,400,00
15,050,00
1,600.00

1,600.00
900.00
100.00
100.00

151,635.26
950 00
20,000.00
2 000 00
212 950 00
16,000.00
20,850.00
19,350.00
73,800.00
107,260.00
11,050,00
5,000.00
27,950.00
50 00
2,400.00
15,050.00
1,600.00

265

TREASURER.

N o . 7 0 . — P U B L I C DEBT JUNE 30, 1903, AND JUNE 30, 1904, AND CHANGES DURING
THE YEAR—Continued.
Title of loan.

Rate of
interest.

Outstanding
June 30, 1903,

Issued durng
Retired
year.
during year.

Outstanding
June 30,1904.

DEBT ON WHICH INTEREST
HAS CEASED—Continued,
Per ct.
6
1863 continued
Loan of 1863, (1881's)
3i
Loan of J uly 12,1882
3
Funded loan of 1891
4i
Fundedloan of 1891,continued
2
Loan of 1904 a
5
Treasury notes of 1861.."
6
7-30S of 1861
One-year notes of 1863
6
Two-year notes of 1863
6
Compound-interest notes
7-30S of 1864-66
6
Certificates of indebtedness ..
Temporary loan
4 to 6
3 per cent certificates
3
Total

$3,100,00
100,00
200,00
67,750,00
90,200,00

$1,300.00
7,000.00
3,894,750,00

2,400.00
9,400.00
30,965.00
26,850.00
162,090.00
121,600.00
3,000.00
2,850.00
6,000.00

150,00
870.00

1,205,090.26

$3,100.00
100 00
200 00
56,450.00
83,200.00
777,860,00
2,400,00
9,400.00
30,815.00
26,860.00
161,220.00
121,600 00
3,000.00
2,860,00
5,000,00

3,906,770,00

1,970,920, 26

63,847.50
346,681,016.00 $122,680,000,00 122,680,656.66

63,847.60
346,681,016.00

D E B T B E A R I N G NO I N T E R E S T ,

Old demand notes
United States notes
National-banknotes, redemption account
Fractional currency

40,053,308.60 26,410,206,00
6,871,24.0,63'

35,526,542,50
6,869,249.88

393,659,412,63 149,090,205,00 163,618,961.75

389,130,655,88

409,109,869,00 214,770,000,00 129,689.300.00
464,706,000,00 312,576,000,00 306,806,000,00
19,243,000.00
6,265,000.00

494,290,569,00
470,476,000,00
12,978,000,00

893,058,869.00 527,346,000.00 442,660,300,00

Total

30,936,971.00
1.990.75

977,744,569,00

CERTIFICATES AND TREASURY
NOTES.

Gold certificates
Silver certificates
Treasury notes of 1890
Total

2,202,464,781,89 699,205,605,00 637,666,801.75 2,264,003,685.14

Afiffifresrate

a T h e loan of 1904 matured Feb, 1, 1904, The amount retired to that date since June 30,1903, was
$14,712,450, Subsequent redemptions during the fiscal year, reported under "Debt on which interest
has ceased," reduced the amount outstanding on June 30,1904, to $777,860.
N o . § 0 . — P U B L I C DEBT J U N E 30, 1904, AND SEPTEMBER 30, 1904, AND CHANGES DURING THE PERIOD.

Title of loan.

Rate
of interest.

Outstanding Is.sued during
June 30, 1904,
the period.

Retired
during the
period.

Outstanding
Sept, 30,1904.

INTEREST-BEARING DEBT,

Funded loan of 1907
Refunding certificates
Loan 0 f 1925
Loan of 1908-1918
Consols of 1930

Per ct.
4
$156,593,150.00
4
29,080.00
4
118,489,900.00
3
77,136,360,00
2
642,909,950,00
895,157,440,00

Total

$500,00

500,00

$310,00

310,00

$156,593,060.00
28.770,00
118.489.900,00
77.136.360.00
542,909,950.00
895,157,630,00

D E B T ON W H I C H I N T E R E S T
HAS CEASED.

Old debt
Loan of 1847
Texan indemnity stock
Loan of 1868
. .
6-20s of 1862
:
5-20s of June 1864
6-20S of 1865
10-40S of 1864.
Consols of 1865
Consols of 1867
Consols of 1868
Loan of February, 1861




TVt06
6
5
6
6
6
6
6
6
6
6
6

151,635,26
950,00
20,000.00
2,000.00
212,960.00
15,000.00
20,850,00
19,350,00
73,800,00
107,250,00
11,050,00
6,000.00

104,500,00

151,635,26
950,00
20,000,00
2,000.00
108,460.00
15,000,00
20,860,00
19,360.00
73,800.00
107,260.00
11,060.00
5,000.00

266

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

No.

§ 0 . — P U B L I C DEBT J U N E 30, 1904, AND SEPTEMBER 30, 1904, AND CHANGES DURING THE PERIOD—Continued.
Rate
of i n terest.

T i t l e of l o a n .

DEBT

ON WHICH

Outstanding
J u n e 30,1904.

Retired
during the
period.

Issued during
the period.

Outstanding
Sept, 30,1904.

INTEREST

HAS CEASED—continued.

P e r ct.
6
F u n d e d l o a n oof 1881, c o n t i n u e d .
f 1881
3i
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
continued
3i
L o a n of 1863 (1881's)
6
L o a n of 1863, c o n t i n u e d
3^
L o a n of J u l y 12,1882
3
F u n d e d l o a n of 1891
4i
F u n d e d l o a n of 1891, c o n t i n u e d .
2
L o a n of 1904
5
T r e a s u r y n o t e s of 1861
6
7,30s of 1861
O n e - y e a r n o t e s of 1863
T w o - y e a r n o t e s of 1863
5
Compound-interest notes
6
7,30s of 1864-65
Certificates of i n d e b t e d n e s s
Temporary loan
«•
4 to 6
T h r e e p e r c e n t certificates
3

$27,960,00
60,00
2,400,00
16,050.00

$200.00

1,600.00
3,100.00
100,00
200.00
56,460,00
83,200,00.
777,850,00
2,400.00
9,400,00
30,815,00
0 26,850,00
161,220.00
121,600.00
3,000.00
2,850,00
6,000,00

10,450,00
193,400,00
100,00
50,00

1,970,920.26

Total

$27,750,00
50.00
2,400.00
15,050,00
1,600.00
3,100.00
100,00
200,00
46,000,00
83,200,00
584,450,00
2,400,00
9,400.00
30,715.00
26,850.00
161,170.00
121,600.00
3,000,00
2,850,00
5,000.00

308,700.00

1,662,220,26

30,170,000.-00

63,847,50
346,681,016,00

DEBT BEARING NO INTEREST,

Old d e m a n d n o t e s
United States notes
Nationalsbank notes, redemption account
Fractional currency

63,847.50
346,681,016.00 $30,170,000,00
5,326,802,50

7,480,209,50

33,373,135.50
6,869,249.88

389,130,665,88

Total

35,526,542, 50
6,869,249.88

35,496,802,50

37,650,209,50

386,977,248.88

494,290,569,00
470,476,000,00
12,978,000,00

70,110,000,00
80,428,000,00

35,908,600.00
76,582,000.00
1,012,000,00

528,491,969,00
474,322,000,00
11.966,000.00

CERTIFICATES AND TREASURY
NOTES,

Gold certificates .
.
Silver certificates
T r e a s u r y n o t e s of 1890

.

977,744,569,00 150,538,000,00 113,502,f00.00 1,014,779,969.00

Total
Aggregate

No.

2,264,003,585.14 186,035,302,60 161,461,819,50 2,298,577,068.14

§ 1 . — U N I T E D STATES BONDS RETIRED,

Title of loan.

Loan of 1847
Bounty-land scrip
Loan of February, 1861
Oregon war debt
Loan of July and August, 1861
6-20sof 1862
Loan of 1863
6-20S of March, 1864
5-20S of June, 1864
5-20S of 1865
Consols of 1866
.'
Consols of 1867
Consols of 1868
Texan indemnity stock
Loanof 1860
Loan of 1868
10-40sof 1864
Funded loan of 1881. -.
Funded loan of 1891
Funded loan of 1907
Loan of July and August, 1861, con

tinued




Rate
of interest.
Per ct.
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
5
4J

4

PROM M A Y , 1869,

Redeemed.

$47,900
1,175
7,798,000
686,800
12,932,400
430,312,300
4,684,700
2,382,200
69,867,900
167,696,450
205,271,000
310,095,200
37,477,600
232,000
7,022,000
6,041,000
192,458,450
72,862,300
81,013,150
1,418,850
127,595,600

Purchased,

$10,612,000
256,800
48,776,700
67,156,850
19,864,250
1,119,800
43,459,750
36,023,350
118,950,550
62,846,950
4,794,060

TO J U N E 30,

Converted
and
exchanged.

$27,091,000
380,500
12,218,650
9,586,600
8,703.600
6,568,600
256,660
13.957.000
2,089,500

43,599,000
143,518,200
231.337.650

351,678,650

1904.

Total.

$47,900
1,175
18,410,000
942,600
61,709,100
614,559,150
24,538,950
3,882,500
125,546,300
203,306,400
332,925,150
379,510,750
42,528,300
232,000
7,022,000
19,998,000
194,647,960
116,461,300
224,631,350
684,336,050
127,595,600

267

TEEASTJEER,

N o . 8 1 . — U N I T E D STATES BONDS RETIRED, PROM M A Y , 1869, TO JUNE 30, 1904—Con.

Title of loan.

Loan of 1863, continued
Funded loan of 1881, continued
Loan of July 12, 1882
Loan of 1908-1918
Funded loan of 1891, continued
Bonds issued to Pacific railroads:
Central Pacific
Union Pacific
Kansas Pacific.
Central Branch, Union Pacific ..
Western Pacific .
Sioux City and Pacific
Loan of 1904.
Loan of 1925
Total

Rate
of inter- Redeemed.
est.
Per ct.
3^
3^
3
3
2
. 6
6
6
•6

6
6
6
4

$37,226,200
109,155,250
306,581,050
25,329,000
25,886,120
27,236,612
6,303,000
1,600,000
1,970,660
1,628,320
18,607,200
2,288,418,187

Converted
and
exchanged.

Purchased.

$13,231,650
292,349,600
$2,913,640

8,543,65043,825,500
877,687,490

119,260,000

72,071,300
929,343,300

Total.

$50,457,850
401,504,850
305,581,050
122,173,540
25,329,000
25,885,120
27,236,512
6,303,000
1,600,000
1,970,560
1,628,320
99,222,160
43,825,500
4,095,348,977

N o . § 2 . — B O N D S AND OTHER SECURITIES RETIRED POR THE SINKING FUND DURING
THE FISCAL Y E A R 1904, AND TOTAL PROM MAY, 1869.

Title of loan.

Retired
during fiscal
year.

From May, 1869.
Redeemed.

Purchased.

War-bounty scrip
$175,00
Loan of 1860
10,000,00
Loan of February, 1861
3,000,00 $10,612,000,00
Oregon war debt
1,400,00
266,800,00
Loan of July and August, 1861
78,460,00
48,776.700,00
6-20sof 1862
30,037,400,00
24,029,160,00
Loanof 1863
23,100,00
19,854,250.00
10-40sof 1864
691,600,00
6-20S of March, 1864
361, 600.00
6-20sof June, 1864
11,072,100,00
18,356, 100.00
1,982,450.00 16,866, 150.00
6-20sof 1866
66,450.00
Consols of 1865
48,166, 150.00
76,700.00
Consols of 1867
32,116, 600,00
Consols of 1868
21,360.00
2,213, 800,00
25,086,000.00
43,699, 000,00
Funded loan of 1881
50,732,100.00
46,274, 860,00
Funded loan of 1891
$1,300,00
129,063, 660,00
Funded loan of 1907
18,667 ,"266,'66" 18,607,200.00
8,643, 660.00
Loan of 1904
56,633,000.00
Loan of July and August, 1861, continn ed
37,220,300.00
Loan of 1863, continued
43,710,300,00
Funded loan of 1881, continued
....
168.692,750,00
Loan of July 12,1882
Loanof 1908-1918
2,396,800.00
7,000,00
Funded loan of 1891, cohtinued
25,329,000.00
Loan of 1926
'43,"825,'566.'66'
110,00
Treasury notes issued prior to 1846
100,00
Treasury notes of 1861
110,00
Temporary loan certificates, act 1862 . . .
1,000.00
Certificates of indebtedness, act 1862
678,000.00
Certificates of indebtedness of 1870
4,890,00
One-year notes of 1863
150.00
1,650,00
Two-year notes of 1863
28,320,00
Compound-interest notes
"876.'66'
1,450,00
7.30s of 1861
11,900,00
7.30s of 1864-6
:
26,246,633,05
Fractional currency
1,990,75
29,090,664,00
United States notes
2,620,00
Old demand notes
4,526,766,00 38. 583.116,50
National-bank notes
200,00
110,00
Refunding certificates
Total..:




23,146,386.75

564,724,288,55

Total.
$175,00
10,000,00
10,616,000,00
258,200.00
48,866,150,00
54,066,560.00
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
2,235,160,00
68,686,000,00
97,006,960.00
129,063,560.00
27,160,850.00
56,633,000.00
37,220,300,00
43,710,300,00
168,692,750.00
2,396,800.00
26,329,000.00
43,826,500,00
110,00
100,00
110.00
1,000.00
678,000,00
4,890.00
1,650.00
28,320.00
1,460.00
11,900.00
26,246,633,05
29,090,664.00
2,620,00
38,583,116.60
200,00

495,301,850,00 1,060,026,138.55

268

REPORT ON THE F I N A N C E S .
No.

8 3 . — B O N D S CALLED, REDEEMED, AND OUTSTANDING J U N E 30,

Loan and maturity of call.
Five-twenties of 1862:
December 1,1871....
March 7,1872
March 20,1872
June 1,1873
September 6,1873 ...
November 16,1873..
February 1,1874
September 3,1874..
September 5,1874...
November 1,1874 . .
December 1,1874
January 1,1876
February 2,1875....
M a y l , 1876
June 1, 1875
June 11,1875
July 20, 1876
August 1, 1875
,
August 15,1875
September 1,1875..
September 24,1875.
October 14,1875....
October 28,1875....
Total .
Five-twenties of June, 1864:
November 13, 1875
December 1,1876
Do
December 17,1875
January 1,1876
February 1,1876
February 15,1876
Do
Total.
Five-twenties of 1866:
February 15,1876..
December 1,1876 ..
December 6,1876 ..
December 12,1870 .
December 21,1876 .
January 6, 1877
April 10,1877
April 24, 1877
May 12,1877
May 28,1877
June 3,1877
June 10,1877
June 16,1877
June 27,1877
July 6,1877
August 5, 1877
Total .
Consols of 1865:
August 21,1877
August 28,1877
September 11,1877.
October 5,1877
October 16,1877....
October 19,1877....
October 27,1877....
November 3,1877 ..
March 6,1878
July 30,1878
August 6,1878
August 22,1878
September 6,1878..
September 20,1878.
October 11,1878....
October 17,1878....
Octqber23,1878....
October 30,1878....
November 5,1878..
November 7,1878..




Call
No.

Amount
called.

$99,959,600
16,222,250
20,105,500
49,878,650
20,042,100
14,335,300
4,994,700
5,020,100
1,004,950
25,017,700
14,807.700
10.168,300
5.091,700
15,028,350
5,005,600
29,998,700

Redeemed
during
year.

$1,000

6,006,300

5,001,850
6,003,650
10,000,960
6,006,200

10,004,800
14,896,760
391,600,600

1,600

1904.

Total
redeemed.

$99,942,550
16,218,850
20,098,150
49,815,750
20,026,400
14,328,600
4.992,300
5,016.850
1.003,950
25,001,700
14,801,050
10.156.750
6,087,000
15,009,200
6.005,050
29,981,200
5,005,700
5,001,550
5,002,350
9,996,350
6,003,050
10,002,050
14.892.250
391.387,650

9,104,500
8,043,900
5,024,750
6,012,900
6,020,500
10,012,650
12,802,950
3,024,050

9,096,400
8,043,900
5,024,060
5,010,800
5,018,500
10,011,650
12,801,850
3,024,050

58,046,200

58,031.200

1,974,700
10,032,300
9,996,300
10,012,250
10,063,760
10,008,250
10,026,900
10,156,150
10,138,300
9,904,300
10,041,060
10,003,260
10,048,300
10,006,600
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
10,003,260
10,048,300
10,004,500
10,018,500
10,114,550

152,633,860
10,160,700
10,018,660
16,000,600
10,003,400
10,015,550
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
4,935,000
4,989,850
6,082,800
6,254,300
4,965,000
6,089,350

152,613,000

100

10,158, 400
10,015,200
14,995,050
10,000,200
10,000,750
10,004,200
10,006,450
10,058,050
10,031,250
5,083,000
6,006,450
4,972,.050
5,000,500
4,792,200
4,931,800
4,985,750
6,082,700
5,261,300
4,964,800
5,087,300

Outstanding.

269

TREASURER.
No.

8 3 . — B O N D S CALLED, REDEEMED, AND OUTSTANDING J U N E 30, 1904—Continued.

Loan and maturity of call.

Call
No.

Consols of 1866—Continued.
November 10,1878
November 16,1878 ..'
November 26,1878
December 4,1878
December 16,1878
February 16,1879
February 27,1879
March 9,1879
March 18,1879

Amount
called.

Redeemed
during
year.

$4,991,200
6,072,200
4,996,300
4,620,650
6,003,200
5,060,650
5,012,600
5,007,400
12,374,950

Total
redeemed.

Outstanding,

$4,991,060
6,071,800
4,996,100
4,620,600
6,001,700
5,059,650
5,012,100
5,006,400
12,372,160
202,657,950

i,800

Total .

202,631,750

Consols of 1867:
April 1,1879 . .
April 4,1879..
April 6,1879 . .
April 8,1879 . .
April 11,1879.
April 14,1879.
April 18,1879.
April 21,1879.
April 24,1879.
April 28,1879.
May 1,1879...
May 6,1879...
May 12,1879..
May. 17,1879..
May 24,1879..
June 4, 1879..
June 12, 1879.
June 29,1879.
July 3,1879...
July 4,1879...

9,983,700
9,893,300
10,314,700
10,006,650
9,389,600
20,104,700
19,604,800
18,579,500
21,622,950
20,253.900
20,161,250
20,044,250
19,858,600
20,219,200
19,407,460
10,674,400
10,464,660
10,076,700
9,972,800
19,213,050

9,981,300
9,883,450
10,311,600
10,002,650
9,386,000
20,096,200
19,696,560
18,672,860
21,617,250
20,248,700
20,158,250
20,041,050
19,847,160
20,214,860
19,403,650
10,668,100
10,463,300
10,064,900
9,971,000
19,210,100

2,400
9,860
3,100
4,000
3,600
8,500
8,250
6; 650
5,700
5,200
3,000
3,200
11,450
4,350
3,800
6,300
1,350
11,800
1,800
2,960

Total .

309,846,150

309,738,900

107,260

Consols of 1868:
July 4,1879..

$100

$160
400
1,200
50
1,-500
1,000
400
1,000
2,800

37,420,300

37,409,250

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

10,294,160
167,607,600
24,575,050

10,291,150
157,691,250
24,675,060

Total .

192,476,800

192,457,460

25,030,100
10,121,860
28,184,600

26,029,100
10,097,050
28,182,350

1,000
24,800
2,160

63,336,460

63,308,500

27,960

12,947,460

12,932,400

15,050
3,100

Funded loan of 1881:
May 21,1881
August 12,1881....
Octoberl, 1881....

96

101
103
104

Total .
Loan of July and August, 1861.
July 1,1881

3,000
16,360

Loan of 1863:
July 1,1881.

102

4,687,800

4,684,700

Loan of July and August, 1861, continued:
December 24, 1881
January 29, 1882
March 13,1882
April 8, 1882
May3,1882
May 10, 1882
May 17,1882
.June 7,1882
•
July 1,1882

106
106
107
108
109
110
111
112
113

20,031,650
20,184,900
19,564,100
20,546,700
5,086,200
6,010,200
5,096,550
15,109,950
11,227,600

20,031,650
20,184,900
19,564,100
20,546,600
5,086,200
5,009,200
5,096,560
16,109,460
11,227,500

121,857,650

121,856,060

1,600

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

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

100

34,698,460

34,698,350

100

Total.
Loan of 1^63, continued:
A u g u s t l . 1882
September 13,1882....
October 4,1882
Total.




114
116
116

100

"i,'666
""566

270
No.

REPORT ON T H E F I N A N C E S .
8 3 . — B O N D S CALLED, REDEEMED, AND OUTSTANDING J U N E 30, 1904—Continued.

Loan and maturity of call.

Funded loan of 1881, continued:
December 23.1882
January 18,1883
February 10, 1883
May 1, 1883
November 1,1883

Call
No.

117
118
119
120
121

Redeemed
during
year.

Total
redeemed.

Outstanding,

Total .

$26,822,650
16,119,850
15,221,800
15,215,350
30,753,350
103,132,900

15,272,100
15,133,650
10,208,850
10,047,850
10,093,100
10,010,260
10,151,050
10,040,800
10,050,100
10,330,760
10,098,160
10,000,250
10,012,750
10,009,850
10,002,900
4,001,850
4,007,700
4,004,950
10,003,650
15,005,000
15,122,400
15,008,300
10,005,350
10,010,900
13.887,000
10,007,750
10,014,250
19,717,500

15,272,100
15,133,650
10,208,850
10.047,850
10,093,000
10,010,250
10.151.050
10,040.800
10.050,100
10,330,750
10,098.150
10,000,250
10.012,750
10,009,760
10,002,900
4,001,850
4,007.700
4.004.950
10.003.650
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

302,259,000

122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149

$26,822,600
16,119,850
15,221,800
15,215,350
30,753,350
103,132,950

Total.
Loan of July 12,1882:
December 1,1883 . .
December 15,1883.
February 1, 1884...
March 15,1884
May 1,1884
J u n e 20,1884
J u n e 30,1884
August 1,1884
September 30,1884.
November 1,1884 . .
February 1,1886 . . .
March 1,1886
April 1,1886
May 1,1886
J u n e 1,1886
July 1,1886
August 1,1886
September 1,1886..
September 15,1886.
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

Amount
called.

302,258,800

200

$50

100

Funded loan of 1891:
September 2,1891

150

25,457,000

$1,300

25,400,650

56.450

Funded loan of 1891, continued:
August 18,1900

158

25,364,500

7,000

25,281,300

83,200

Loan of 1904:
February 1, 1904.
February 2, 1904.

169
160

14,712,450
4,672,600

14,712,450
3,894,750

14,712,460
* 3,894,750

777,850

19,385,050

18,607,200

18,607,200

777,850

2,067,581,950

18,618,200

2,056,156.150

1,425.800

Total
Aggregate.




271

TEEASUEEE.
No.

8 4 . — P U B L I C DEBT, EXCLUSIVE OP CERTIFICATES AND TREASURY NOTES, AT THE
END OP EACH MoNTH, FROM JANUARY, 1895.

Month.

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,
December .
1900—January . . .
o
February..
March
April
May
,
June
July
August
September
October . .
November.
December ,

Interestbearing.

Matured.

323,710
685, 043,860
713, 851,960
716, 201,910
716, 202,010
716, 202,060
747, 360,400
747, 360,610
747, 360,820
747, 361,560
747, 361,960
747, 361,960
747, 362,820
822, 616,170
837, 404,140
842, 312,140
846, 488,590
847i 363,890
847, 364,250
847, 364,260
847, 364,260
847, 364,460
847, 364,620
847, 364,690
847, 364,750
847, 364,950
847, 364,960
847, 365,030
847, 366.030
847, 365.130
847, 365.320
847, 365,540
847, 365,640
847, 366,660
847, 366,620
847, 365,620
847, 365,810
847, 366,680
847, 366,680
847, 367,010
847, 367,410
847, 367,470
847, 367,730
922, 212,800
990, 088,600
1,026, 766,960
1,036, 396,630
1,040, 215,980
1,040, 562,030
1,040, 735,270
1,045, 776,290
1,046, 048,680
1,046, 048,730
1,046, 048,760
1,046, 048,770
1,046, 048,850
1,046, 048,850
1,046, 049,020
1,037, 049,690
1,026, 772,320
1,026, 863,060
1,026, 862,120
1,026, 862,140
1,026, 863,490
1,026, 482.990
1,023, 478,860
1,021, 126,160
i,ooi; 499,260
1. ooi; 499,260
1, ooi: 499,750
1, ooi; 499.760
•Looi: 499,770

$1,792, 690.26
1,779, 300.26
1,770, 250,26
1,754, 660,26
1,734. 920,26
1,721, 690,26
1,699, 650,26
1,695, 870,26
1,685, 660.26
1,681, 670.26
1,676, 180.26
1,674, 510.26
1,673, 190.26
1,667, 630.26
1,669, 610. >26
1,661, 790,26
1,645, 970,26
1,636, 890,26
1,633, 640,26
1,622, 960,26
1,621, 790,26
1,607, 010,26
1,591, 620.26
1,383, 070.26
1,382, 930.26
1,368, 210.26
1,366, 760.26
1,353. 830,26
1,348. 610,26.
1,346,880,26
1,336, 340,26
1,336, 280,26
1,334, 570,26
1,331, 540.26
1,331, 280,26
1,330, 270,26
1,328, 640,26
1,327, 670,26.
1,283, 780.26
1,280, 680,26
1,264, 850,26
1,262, 680.26
1,260,050.26
1,269, 030.26
1,256, 790.26
1,246, 870.26
1,241, 630,26
1,237, 200.26
1,237, 1^0.26
1,231, 670.26
1.219,420.26
1,218, 390.26
1,218, 350.26
1,218, 300.26
1,216,740,26
1,216, 160,26
1,216,030.26
1,210,030.26
1.209,820.26
1,208, 500.26
1,208,410.26
1,208,000.26
1.207, 600,26
1,182,170.26
1,181,880.26.
1,176,320.26
1,176,310,26
9,201,960.26
6,516, 220.26
3,430, 030,26
3.081, 410,26
2,664, 070.26




United States National-bank
notes and
fractional cur- notes, redemption account.
rency.
$363.
353:
353;
353,
353,
353,
353;
353,
353,
353,
363,
353,
353,
353,
363.
353;
363,
353,
353,
353,
353,
353,
353,
353,
363,
353,
353,
353i
353,
353,
353,
363,
353,
353;
353
353:
353:
353:
353;
353:
353;
353;
353;
353,
363,
353;
353:
353;
353,
353:
35;'
353;
353!
353;
353,
363,
353,
353;
.363,
353,
353,
353,
363,
353,
363
363
353;
363,
353,
353,
353,
353,

895,92
895,92
280,92
280,92
280.92
980.99
980,99
980,99
980,99
257.64
267,64
257,64
362, 64
352. 64
362.64
352,64
352,64
647.64
547,64
647,64
867,64
867,64
867,64
867.64
867.64
604.64
604.64
604.64
604.64
065.64
065.64
065,64
066.64
066,64
300,64
300,64
635,64
636,64
616,64
615.64
616,64
765,64
765,64
765,64
987,64
987.64
987.64
987.64
242.64
242.64
234.16
356,16
356.16
272.16
272.16
272.16
272.16
272.16
422.16
422.16
422.16
421.91
318.91
318.91
318.91
853.91
863.91
273.91
273.91
273.91
273.91
273.91

301, 277.00
166, 471.00
393, 816,00
069, 968,50
205, 181.00
359, 489,00
668, 404,00
277, 018,00
818, 638,50
706, 619,00
216, 600,00
659, 734,50
973, 653,00
863, 326,50
291, 999,00
786, 048.00
906, 698.00
102, 022.50
688, 546.50
229, 828.50
845, 768,00
474, 380,00
644. 249,50
876. 333,50
997, 189,50
089. 944,50
662. 492,00
991, 184,60
469. 719,50
458, 637,00
138, 377.00
671, 442,00
992, 324,60
000, 624,50
570, 824,50
268, 146,00
257, 139,00
362, 434,00
612, 218,50
974, 968,50
275, 699,50
493, 147,00
677, 676,00
266, 206,00
072, 331,00
572, 380.00
593, 029.60
868, 814.00
792, 003.00
422: 722.00
935; 782.00
830, 371.00
691, 064.00
817, 381.50
551, 056.00
779, 166.00
721; 240.00
146, 799,00
433, 338,00
299, 218,00
440, 318.00
663, 340,00
365, 294.50
259, 654.00
113, 161.50
147, 878.50
290, 751.00
374, 308.00
732, 796. .60
864, 298.00
167, 232.60
531, 532.50

Total.

069,049, 673,18
068, 6IO;527.18
096,647! 307.18
098,657' 819.68
097,773; 392.18
096,913, 120.26
127,258, 435.25
126,963, 479.25
126,494, 999,76
126,379: 106,90
125,883: 997,90
125,325, 462,40
124,638 015,90
199,774; 479,40
213,984 001,90
218,378; 330,90
220,669, 610.90
222,729, 350,40
222,312 984,40
221,843: 596.40
221,457: 685,90
221,07i: 717,90
221,126: 267,40
221,249: 961.40
223,370: 737.40
225,437: 709.40
226,007: 806,90
226,334, 649,40
226,797, 864,40
226,793: 712,90
226,463: 102,90
226,896: 327,90
227,316: 600,40
228,320: 690,40
229,890; 025,40
234,686, 336,90
235,573; 124.90
236,668, 419.90
234,883: 294.40
234,243; 274.40
233,628, 676.40
232,743, 062.90
232,926; 221.90
307,357; 801.90
376,036: 708,90
411,205: 197,90
419,850: 277.60
423.940: 981,90
427,209: 425.90
427,007: 904,90
433,548; 726,42
436,714; 797,42
436,475, 500,42
436,700, 703.92
436,431, 838.42
436,659: 427.42
436,6OI: 392,42
436 021: 121,42
426,308: 270,42
417,895: 460,42
418,127; 200.42
417,248: 882,17
419,049: 353.67
420,919: 633.17
418,392: 340,67
413,416: 912,67
409,206: 075,17
397,688, 802,17
394,361 549,67
391,407 352.17
390,36i; 666,67
389,298, 646,67

272

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

N o . 8 4 . — P U B L I C DEBT, EXCLUSIVE OP CERTIFICATES AND TREASURY NOTES, AT THE

END OP EACH MoNTH, PROM JANUARY, 1895—Continued.

Month.

Interestbearing.

Matured.

UnitedStates National-bank
notes and
redempfractional cur- notes,account.
tion
rency.

1901—January
$1,001,500,260 $2,023,190,26 $353,613,273,91 $30,472,127,00
28,991,227,00
February
1,001,600,410 1,830,690,26 353,612,325,91
28,703,554,50
March
1,001,600,410 1,770,140.26 353,612,325,91
28,718,918,50
April
996,360,380 1,667,840.26 353,612,325,91
27,723,088,00
992,024,480 1,466,120.26 353,611,275,13
May
29,404,309,50
June
987,141,040 1,416,620.26 353,611,276,13
28,691,234,60
July.
985,476,060 1,400,820,26 353,611,226,13
28,676,186,50
August982,640,090 1,393,620,26 353,611,225,13
29,595,339,00
September
966,966,120 1,343,560.26 363,611,226,13
31,713,019,50
October
961,023,100 1,341,310,26 363,611,225.13
33,268,870,50
November
.
949,062,330 1,340,940,26 353,610,002,13
35,003,208.50
December
943,279,210 1,339,790,26 363,609,355,38
36,691,029,00
1902—January
939,094,330 1,328,830,26 353,609,355,38
37,971,313.00
February
937,021,160 1,316,270,26 353,609,175,38
39,594,626,60
March .
931,070,700 1,314,120.26 353,609,175,38
41,873,957, 50
931,070,760 1,302,080.26 353,609,172,13
April
41,839,395.00
931,070,340 1,301,880,26 363,608,187,13
May
42,071,969.50
931,070,340 1,280,860,26 363,608,187,13
June
41,929,629.50
931,070,340 1,276,810,26 363,608,187,13
July
41,646,804,60
931,070,340 1,267,490.26 353,608,187,13
August
42,733,894.50
931,070,340 1,256,860.26 353,608,187.13
September
44,695,092.60
915,370,230 1,256,820.26 353,607,457.13
October
43,268,362,50
914,641,240 1,256,810,26 353,607,457.13
November
914,641,240 1,265,710.26 353,607,457.13 • 42,169,652,50
December
914,641,330 1,230,910.26 353,607,457,13
42,908,829,00
1903—January
914,641,420 1,230,510.26 353,607,457,13
43,136,981,60
February
914,641,370 1,230,100,26 353,606,654,13
43,147,883.60
March
914,641,390 1,230,050.26 353,606,564,13
42,883,611.00
April
914,541,360 1,214,900,26 353,606,654,13
41,494,116.00
May
914,541,410 1,206,090,26 353,606,104,13
40,063,308.50
June
:
914,641,400 1,205,070,26 363,606,104.13
38,962,178.50
July
914,541,400 1,204,070.26 353,606,104.13
38,023,493.50
August
912,639,440 1,197,050.26 353,606,104.13.
39,827,135.60
September
906,277,060 1,196,930,26 353,606,104.13
38,959,809.60
October
902,911,240 1,196,720,26 353,606,104.13
37,292,776.00
November
901,747,220 1,196,630.26 353,606,451.13
36,976,674.00
December
900,470,960 1,196,530.26 353,606,451.13
38,534,696.50
1904—J anuary
896,156,700 3,161,680,26 363,605,450.13
39,179,309.00
February
896,166,740 2,670,610,26- '353.606,450.13
38,689,396,00
March
2,347,480,26 353,604,715.13
896,167,440
38,663,611,50
April .. . . .
895,157,430 2,109,950,26 353,604,713,38
37,717,056.00
May
896,157,440 1,970,920.26 353,-604,113,38
35,526,542.50
June
896,157,540 1,881,130.26 353,604,113.38
34,220,208.60
July
895,167,630 1,841,270,26 363,604,113.38
34,765,732.60
August
895,157,630 1,662,220.26 363,604,113.38
33,373,135,50
September
895,157,770 1,627,700,26 363,604,113,38
32,750,866.00
October

Total.

$1,387,608,85L17
1,385,934,653.17
1,385,686,430,67
1,379,239,464.67
1,374,814,963.39
1,371,572,244,89
1,369,179,339.89
1,366,321,12L 89
1,351,616,244,39
1,347,688,654.89
1,337,282.142,89
1.333,231,564,14
1,330,723,544,64
1,329,917,918,64
1,325,588,621.14
1,327,855,959,89
1,327,819,802,39
1,328,031,356,89
1,327,884,966,89
1,327,682,821,89
1,328,669,281,89
1,314,929,699.89
1,312,672,869.89
1,311,574,059,89
1,312,288,526,39
1,312,516,368,89
1,312,625,907.89
1,312,261,606.39
1,310,866,930,39
1,309,405,912,89
1,308,314,752.89
1,307,376,067.89
1,307,169,729,89
1,299.039,903.89
1,295,006,839.39
1,293,525,775.39
1,293,807,627,89
1,291,103,139.39
1,290,122,096.39
1.289,773,246.89
1,288,689,149,64
1,286,269 016.14
1,284,862,992.14
1,286,368,746.14
1,283,797,099,14
1,283,140,449.64

N o . 8 5 . — L A W F U L MONEY DEPOSITED IN THE TREASURY EACH MONTH OP THE F I S CAL Y E A R 1904, POR THE REDEMPTION OP NATIONAL-BANK NOTES.
Month.
190:3—July
August.
September
October
November
December
1904—January
February
March..
April
May
June
Total




Five per cent
account.
$17,468,266,53
16,665,823.06
16,220,823.69'
20,166,009.06
15,668,780.31
15,868,613.13
18,666,85L74
22,300,099.22
22,926,771.68
18,689,307.22
21,781,350.31
24,560,460.86
230,962,146.79

Failed
account.
$2,435.00

Liquidating'
account.

Reducing
account.

Total.

37,854.00
343.866.00
3; 670.00
3,400.00
16,600.00
1,980.00
3,05L60

$941,383.60
664,067.50
1,211,087.60
201,455:00
217,847.60
296,800.00
1,035,879.00
729,440.00
334,605.00
745,262.50
598,400.00
632,870.00

.$361,397.50
289,160.00
3,049,997.60
900,000,00
576,150.00
1,434,997.50
3,278,900.00
2,900,230,00
2,484,000.00
2,101,000.00
1,282,662.60
222,000.00

$18,763,482.63
17,599,030 65
20,481,908.69
21,282,244,06
16,461,777.81
17,638,264,63
23,315,496,74
25,933,339,22
25,748,776,68
21,552,159,72
23,664,382.81
25,418,372, 35

428,536.50

7,599,077.50

18,879,475.00

257,859,234.79

15,780.00

273

TREASURER.

No.

86.—DISBURSEMENTS PROM REDEMPTION ACCOUNTS OP NATIONAL BANKS EACH
MONTH OP THE FISCAL Y E A R 1904.
For notes
redeemed.

Month,
1903—July
August
September
October...
November
December.
1904—January...
February .
March
April
May
June

Transfers and
repayments.

$20,046, 262,60
15,256, 977.60
20,820, 878.00
21,923, 643.60
16,135, 077.00
17,804, 018.50
. 23,148, 197.50
25,676, 917,50
25,346, 260.60
21,331, 427.00
24,614, 290.-50
27,258, 641.00

Total

259,261,59L00

Total disbursements.
$20,231,302.00
15,499,396.26
21,059,044.61
22,064,648.71
16,332,864.61
17,940,621.74
23,402,481.94
26,843,622.19
26,500,306.71
21,482,847.00
24,619,763.40
27,310,Oil.70

$186,039,50
242,417,75
238,166.61
140,905,21
197,787,61
136,503.24
254,284.44
166,704.69
164,046.21
161,420.00
106,472.90
61,370.70
2,025,118,1

Balance.
$51,870,612.48
63,970,247,78
53,393,111.86
62,610,807,21
62,739,720,41
62,437,463,30
62,350,477.10
62,440,194.13
62,688,664.10
62,767,976,82
61,802,596,23
49,910, 956.88

261,286,709.86

N o . 87.—NATIONAL-BANK NOTES RECEIVED FOR REDEMPTION PROM THE PRINCIPAL
CITIES AND OTHER PLACES EACH MONTH OP THE FISCAL Y E A R 1904, IN THOUSANDS
OP DOLLARS.
Month,

Phila- BaltiSt.
New
Boston, delphia. more, Chicago, Cincin- Louis. Orleans, Other Total.
nati.
places.

New
York,

1903—July..
Aug..
Sept..
Oct...
Nov..
Dec.
1904—Jan . .
Feb..
Mar..
Apr . .
May..
June.

$12,414
10,365
8,481
8,735
6,818
12,167
18,805
10,994
10,980
12,604
14,170
16,137

$2,283
1,882
1,638
1,746
1,492
1,818
2,557
1,776
1,791
1,716
1,844
2,293

$1,499
1,264
1,262
1,393
1,201
1,701
2,032
1,585
1,441
1,700
1,628
1,982

$927
710
669
662
644
761
749
507
843
860
960
1,046

$2,054
1,601
1,611
1,621
1,531
1,828
1,919
1,746
1,830
2,008
2,361
1.900

$672
370
442
447
504
782
403
474
599
474
671
679

$938
642
853
326
306
637
666
1,637
1,661
1,612
1,426
1,898

Total.

141,660

22,834

18,688

9,338

21,910

6,417

12,301

$339 $1,827
399 1.823
306 1,669
328 2,232
284 1,874
167 2,340
209 2 202
320 1,967
337 2,185
466 2,355
492 2,252
407 2,334
4.034

24,960

$22,953
18,856
16,831
17,489
13,664
22,081
29,542
21,006
21,567
23,784
26,703
28,676
262,142

N o . 88.—REDEMPTIONS AND DELIVERIES OP NATIONAL-BANK NOTES EACH MONTH OP
THE FISCAL Y E A R 1904.

Month.

Redemptions.

On hand,
Deposited in charged to 5
Treasury.
per cent
account.

$22,554,963.00
18,545,905,66
17,427,444,40
17,471,740,10
13,651,649,40
21,635,790.34
29,362,869,23
21,065,776.01
21,941,606,46
23,439,318,60
26,009,671,95
28,635,761,70

Total

$20,061,062,50
15,374,017,60
20,510,178,00
22,204,741,00
16,336,679.60
17,803,068.50
23,013,297.60
25,650,517,50
26,461,610,60
21,388,027,00
. 24,370,213,00
27,343,718,50

$20,742.60
30,300.00
18,377.00
21,809,00
14,240,00
38,449,00
27,239,60
29,20L00
22,146,00
21,231.00
20,160.00
27,466,00

261,742,386.65

1903—July
August
September
October
November
December
1904—January
February
March
April
May
June

Fl 1904-

Deliveries on
redemption
accounts.

269,406.931,00

291,351. 00

-18




$620,440.00
503,400,00
814,100,00
533,002,60
331,500,00
332,450,00
467,350,00
693,750,00
478,500.00
421,900.00
665,977,60
480,900.00

On hand,
unassorted.
$14,663,956.23
17,812,684.29
14,400,773.69
9,927, OOL 29
7,429,393,69
11,222,716,63
17,410,138,76
12,769,796,27
9,342,896.23
11,429,666.73
12,904,788.18
14,254,442.88

274

REPORT ON T H E FINANCES.

N o . 8 9 . — R E D E E M E D NATIONAL-BANK NOTES DELIVERED PROM THE TREASURY EACH
MONTH OP THE FISCAL YEAR 1904.
For return to For destruction For destruction
banks of issue. and reissue. and retirement.

Month.
1903—July
August
September
October
November
December
1904—January
February
March
April
May
Jurie
Total..

Total.

$7,176,580.00 $10,582,670.00
7,870,746.00
5,832,180.00
10,862,166.00
7,240,670.00
7,248,800. O
O 13,026,970,00
'
8,940,547.50
4,936,200.00
9,481,860.00
6,241,160.00
8,724,120.00 11,239,370.00
9,643,696.00 12,921,996.00
8,704,600.00 13,454,247.60
7,204,360.00 11,296,645.00
8,694,760,00 12,847,996.00
13,919,196.1)0
10,379,660.00

$2,292,812,50
1,671,092.60
2,407,443,00
1,928,971,00
2,459,832,00
2,080,058,50
3,049,807.50
2,984,827,50
3,302,763,00
2,887,032.00
2,827,458.00
3,044,873,50

$20,061,062.50
15,374,017.50
20,610,178.00
22,204,74L00
16,336,679.50
17,803,068.60
23,013,297.50
25,660,517.60
26,461,510,60
21,388,027.00
24,370,213.00
27,343,718.50

136,444,406.00

30,936,971,00

Balance.

259,406,931.00

92,026,666,00

$16,174,396.23
18,315,984,29
15,214,873,69
10,460,063,79
7,760,893.69
11,555,166.53
17,877,488.76
13,363,546.27
9,821,396.23
11,851,466.73
13,470,766.68
14,735,342.88

N o . 9 0 . — N A T I O N A L - B A N K NOTES RECEIVED FOR REDEMPTION PROM THE PRINCIPAL
CITIES AND OTHER PLACES, BY FISCAL YIEARS PROM 1890, IN THOUSANDS OP
DOLLARS.
Fiscal
year.
1890
1891
1892
1893
1894
1896
1896
1897
1898
1899
1900
1901
1902
1903
1904

No.

New
York.
$29,100
30,393
30,846
36,341
62,790
61,936
68,051
65,312
61,804
46,610
62,707
81,263
86,749
98,660
141,660

Boston.
$7,818
7,106
8,063
9,680
14,256
10,266
14,613
16,382
16,606
13,342
12,427
19,467
18,672
19,543
22,834

St.
New
Other
Philadel- Balti- Chicago. Cincinnati. Louis. Orleans. places. Total.
more.
phia.
$4,640 $2,013
4,381
1,613
6,063 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 5,635
14,306 7,009
18,688 9,338

$5,188 $1,425 $1,792
1,496 1,284
4,615
6,050 1,938 1,239
4,998 2,238 1,178
4,130 2,560 1,102
4,028 1,705 1,731
5,778 3,112 3,836
5,431 1,684 2,172
6,153 1,465 1,895
6,050 1,718 2,283
4,804 1,218 2,320
8,562 1,644 6,008
14,192 3,198 12,847
18,739 4,449 9,311
21,910 6,417 12,301

$1,357
1,038
1,010
852
464
389
1,062
676
664
630
710
1,528
2,271
3,176
4,034

$16,924
15,636
14,367
13,448
12,844
9,603
12,140
12,160
10,942
11,488
11,773
15,171
17,617
21,347
24,960

$70,267
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
262,142

9 1 . — R E S U L T OP THE COUNT OP NATIONAL-BANK NOTES RECEIVED FOR R E DEMPTION, BY FISCAL YEARS, PROM 1890.

Fiscal
year.

Claimed by
owners.

1890
1891
1892.
1893
1894
1896
1896..
1897
1898
1899
1900 .
1901
^902
1903
1904.........

$70,242,489.46
67,476,113.15
69,626,086.73
75,845,224.61
106.099.227.89
86,940,748,64
108,260,978,05
113,226,181.47
97,459,282.47
90,838,301.01
96,982,607.88
147,486,577.93
171.512.752.90
196,786,126, 51
262,141,930,23




"Overs," "Shorts." Referred and Counterrejected.
feit.
$8,640,90
10,661.06
9,832.70
13,291.35
2,798.76
7,553.64
7,664.71
6,423,79
10.383.40
16.615,60
8.092,25
19,903,52
7,269,23
29,339. 97
18,489. 36

$4,964.65
43,819.00
10,784.*60
7,910.60
6,816.83
2,062.90
7,682,70
3,841.60
11,957.50
15,91L20
11,686,80
20,620,30
6,999.40
12,998.30
30,839.28

$387,104.85
626,663.80
644,706.95
504,984.30
897,992.05
676,708.51
352,356.27
626,331.70
362,846.95
681,108.06
750,902,15
340,635.30
462,958.75
439,173, 50
385,635,85

Express
charges.

$2,634.50
$313,75
2,800.00
241,70
2,529,60
256,31
3,002.00
334,60
2,472,50
9,218,65
1,680.50 13.226.95
2,069,60 15.598.96
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
1,764.00
174,62
1, OOL 00
200,40
1,307,00
260.81

Net proceeds.
$69,866,022.70
66,813,249.70
68,976,642.07
75,342,284.56
104,186,526.71
86,355 723 22
107 891 026 34
112,599,879.51
97,103,360.72
90,156,548.46
96,226,28L48
147,143,649.90
171,048,135.36
196,361,193.28
261,742,386.65

275

TEEASUEEE.
No.

92.—DISPOSITION M A D E OP THE NOTES REDEEMED AT THE NATIONAL-BANK
REDEMPTION AGENCY, BY FISCAL YEARS, PROM 1890.
Delivered to the Comptroller of
the Currency.
Returned to
Deposited in
Treasury.
banks of issue. For. destruction For destruction
and reissue. and retirement.

Fiscal year.

1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904

.

IXo,

$12,690,880
12,643,220
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
57,668,716
67,303,520
62,663,430
92,025,565

$23,276,006.00 $33,633,889,00
27,494,446.00 25,329,027.50
36,282,336.00 16,232,72L00
43,394,418.50 . 9,037,651.50
50,944,080,00 10,929,535,76
40,094,640.00 13,068,369,00
43,866,375.00 11,223,150.00
69,014,687.50 11,092,356,50
64,858,155.60 15,990,460,00
60,530,827,50 16,649,275,60
49,006,445,00 17,909,793,00
71,432,232.50 18,626,437,50
89,646,746,00 20,086,274.60
104, 604,265,60 26,272,086.00
136,444,405,00 30,936,971.00

Balance on
hand.

$112,206.00 $4,203,261.45
107,547.00 6,642,271.65
95,113,00 5,232,044 72
117,738.15 3,858,371.13
144,322,00 6,132,120 09
65,341,00 4,203,973,31
91,894,00 9 967,390 65
69,019,00 4,731,248,16
71,156,00 3,790,578,38
84,926,00 3,209,447 84
111,699,00 6,787,132,32
122,883.13 6,080,614,09
148,477.00 9,944,632,95
174,806.50 12,691,238.23
291,351,00 14, 735,342.88

9 3 . — M O D E OP PAYMENT POR NOTES REDEEMED AT THE NATIONAL-BANK
REDEMPTION AGENCY, BY FISCAL YEARS, PROM 1890.

1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904

United States Silver coin. Credit in gencurrency.
eral account.

Transfer
checks.

Fiscal year.

$30,271,993.55
33,204,177.04
28,643,402.79
32,803,085.28
60,028,085.33
40,374,030.32
48,774,713.30
55,567,032.90
42,186,863.86
24,730,838.15
28,433,009.35
66,935,811.50
61,870,406.50
63.646,61L10
95,594,893.78

Credit in
redemption
account.

$24,732,324.05 $166,361.50
21,276,332.60
164,807.30
28,221,963.95 123,426.55
30,369,666.70
61,044,20
31,883,131.15
26,647,65
31,625,706,66
61,236.65
29,331,636,61
82,669.45
36,626,208.00
67,208.70
39,921,232.76
83,747.40
49,339,819.20
84,399.60
65,877,983.30
78,301.35
58,986,976.54
41,954,90
74,811,828.26
46,770.80
95,919,863.47
47,084.46
123,598,051.41
31,829.60

$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
466,009,20
669,909.86
716,084.80
669,216.76
1,167,040.46

$14,025,166.30
11,582,031.00
11,343,243,03
11,340,886,51
11,387,038,41
13,604,654,93
28,893,499,86
19,084,126.58
13,733,920.92
14,984,970.20
11,380,978,28
21,608,997.10
33,603,046.00
36,178,617.60
41,360,571.40

Total.
$69,866,022.70
66,813,249.70
68,976,642,07
75,342,284,56
104,185,526.71
86,355,723.22
107,891,026,34
112,699,879.51
97,103,360,72
90,156,548,46
96,226,281,48
147,143,649,90
171,048,136,36
196,361,193.28
261,742,386.65

N o . 94.—DEPOSITS, REDEMPTIONS, ASSESSMENTS FOR EXPENSES, AND TRANSFERS AND
REPAYMENTS ON ACCOUNT OP THE F I V E P E R CENT REDEMPTION FUND OP NATIONAL
I BASTKS, BY FISCAL YEARS, PROM 1890.
}
1890
1891
1892
1893
1894
1895
1896
1897.
1898
1899
1900
1901
1902
1903
1904

Fiscal year.

•.

:

Deposits,
$36,424,660.95
39,891,264.52
64,440,640,49
67,792,199,90
92,674,209,40
76,630,066,60
91,565,065,77
107,249,316,44
83,611,779.36
75,886,139,10
78,354,882,88
131,635,726,84
148,687,860,75
169,458,35L28
230,952,146.79




Redemptions.
$36,890,236.00
40,199,345, 00
62,896,015,00
67,612,683,50
90,957,212.60
74,907,472.60
90.967,815.00
106.608,977.60
81,817,265.50
73,982,227.60
74,872,477.60
128,928,835.00
147,010,875.00
167,643,685.50
228,324,620,00

Assessments, Transfers and
repayments.
$129,207.10
107,719.52
99,014.21
100,037.31
104,282,49
107,222.51
100,169.28
114,814,32
126,971,49
130,417.31
121,420,28
122,544,28
153,334,03
156,409.72
176,464.24

$504,386,92
432,579,69
220,172, 90
179, 507,56
765,070,86
510,917,34
273,425.83
671,838.92
924,597.79
1,041,481,13
1,021,916.07
723,459.79
1,622,486,52
1,176,007,51
1,351,77L62

Balance,
$5,320,316.88
4,471,937.19
5,697,275.57
5,697,247.10
6,344,890,65
7,349,343,80
7,573,009,46
7,426,696.16
8,070,639.74
8,801,652,90
11,140,721, 93
12,901,609,70
12,802,774,90
13,285,123,45
14.-384.414,38

276

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

N o . 9 5 . — D E P O S I T S , REDEMPTIONS, AND TRANSFERS AND REPAYMENTS, ON ACCOUNT
OP NATIONAL BANKS FAILED, IN LIQUIDATION, AND REDUCING CIRCULATION, BY
FISCAL YEARS, PROM 1890.

Fiscal year.

Deposits,

Redemptions. Transfers and
repayments.

Balance.

FAILED.

1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904

$126, 410.00
410, 815.00
306, 310.50
857, 409.50
• 1,607,
768.00
274, 293.50
613, 180.50
1,610, 962.50
663, 831,00
908, 422,00
1,275, 002,00
266, 171,00
704, 616,00
492, 798,00
428, 636.60

-.

$284,455.60
369,278.50
328,776,60
580,400,00
1,172,401,00
754,044,00
786,163,50
938,638,00
699,340,00
548,111, 60
687,831.60
681,662,00
730,306,00
607,069,60
806,763.00

1,306, 313.00
1,682,370;00
1,364, 448,50
1,435, 160,60
3,065,486.60
2,696, 467,50
1,853; 255,00
2,174, 129.50
3,396, 659,60
4,669, 763.00
2,501, 184.00
2,629, 815,00
7,609, 494.50
9,536,387,60
7,699, 077.60

26,020.00
1,810.00
450.00
56,230.00
6,362.00
30.00
381.00
100,00
8,704.00

$762, 243.60
813, 780,00
764, 384,00
1,031, 393.60
1,466, 760.50
987, 010.00
789, 007.00
1,359, 611,50
1,223, 662.50
1,627, 733.00
2,108, 651.60
1,693, 140.60
1,667, 070.60
1,562,709.00
1,166,777,50

11,327,772.00
8,330,876.00
6,212,259.60
4,670,673.00
3,871,680.25
3,225,443.00'
2,868,828.50
2,808,411.60
2,502,099,00
3,088,016,00
3,207,666,00
3,341,847.50
4,455,127.00
6,336,116.60
7,670,603.00

9,740.00
600,00
66,485,50
29,055,00
43,635.60
33,973,50
73,038,00
82,690.00
13,066,00
39,674,50
66,202,00
13,776,00
28,12L60
20,048.00
70,820,60

33,211, 313.25
26,562, 207,26
21,647, 900.76
18,383, 343,25
17,633, 614,00
16,870, 666,00
16,782, 043,60
15,065, 071..50
15,946, 466,00
17,488, 529,60
16,716, 846,60
16,891, 038,00
19,017, 284.00
22,197, 607,00
22,055, 161,00

10,217, 387.00
8,049,130.00
1,489,448,00
826, 929.50
12,144, 227.60
9,346,996,50
3,659,307.00
12,324, 430.00
18,800, 630.00
18,121, 441.00
14,626, 460.00
10,861, 289.00
26,232, 209.60
17,181,070.00
18,879,476.00

22,021,661.60
16,638,873.00
9,691,685.00
3,786,578.50
6,885,464.60
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
14,899,842.60
19,328,910.00
22,460,606.00

438, 258,00
413, 655.00
78, 963.60
162, 864.60
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, 682,60
417, 358.50

21,645, 803.00
12,642, 405,00
4,361, 214,50
1,248,701,00
7,371, 311.00
7,601. 824.00
3,630,972.00
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, 092,60
12.304. 604,00

11,650,110.00
10,142,315.00
3,160,207.00
3,119,499.50
16,817,482.00
12,217,746.50
6,125,742.50
16,009,512.00
22,760,920.50
23,699,616.00
18,402,646,00
13,667,275.00
33,546,320,00
27,210,256.60
26,907,088,00

33,633,889.00
25,329,027.50
16,232 721.00
9,037,651.50
10,929,535.75
13,068,369,00
11,223,150,00
11,092,355,50
16,990,460,00
16,649,275,60
17,909,793,00
18,626,437,60
20,086.274.50
26,272,086.00
30,936:971.00

• 447,
998.00
414, 255,00
182, 369,00
i8i; 919.50
179, 698,50
161, 674,00
160, 059,00
560, 642,00
735, 960.50
1,726, 106.00
1,162, 366.00
774, 406,50
793, 385.50
2,956, 830.50
00
496,

55.619, 359,76
40,018. 392,26
26.763, 609,25
20,663, 437.75
26,371, 685.60
25,359, 489.00
20,102, 022,50
24,458, 637.00
30,493, 147.00
35,817, 381,50
35,147, 878,50
29,404, 309.50
42,071, 969.50
40,053, 308.50
35, 526,542.50

$36,930.00

IN LIQUIDATION.
1890
1891
1892
1893
1894
1896....
1896
1897
1898
1899
1900
1901
1902
1903
1904

,

EEDUCING CIRCULATION

1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904

.

•-....
AGGREGATE.

1890
1891
1892
1893
1894.
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904




277

TREASURER.
No. 9 6 .

-EXPENSES

Fiscal year.

1890
1891
1892
1893
1894
1895
1890
1897
1898
1899
1900..
1901
1902
1903
1904

INCURRED IN THE REDEMPTION OP NATIONAL-BANK
FISCAL YEARS, PROM 1890.

C h a r g e s for
transportation.
$19,862,65
18,636.64
19,306,54
23.231.70
24,271,41
21,035,82
32,518,93
44,518,50
34,337,93
30,725,66
31,767,33
65,549. 75
59,957,96
67,998,88
95,580,12

Salaries,

$83,841.30
78,989.86
77,131.13
77,840,12
77,790.01
76,411,97
77,766.54
77,977,62
87,183,64
87,161,01
86.986.30
87,056.10
87,425,25
99,802,67
114,640,80

Stationery,
printing, a n d Contingent
expenses.
binding.

•

$3,157.53
1,671,00
3,553.64
1,700,21
4,227.71
2,173.41
2,826,97
2,615, 92
3,387,11
1,966,34
3,661.94
2,859,25
4,62L61
4,693,88
6,066,20 •

$981,91
169,13
603,49
260,93
1,156,01
731.69
974,19
49.69
1,015.67
1,438,49
669,19
771,08
1,791,61
1,982.19
2,917,01

NOTES, BY

R a t e of
expense per
$1,000.

Total.

$107,843.39
99,366.62
100,693, 70
103,032,96
107,445,14
100.362.79
114.085,63
126,061,73
125,924,35
121,291,40
122,984,76
146,236,18
153,796,33
174,477,62
219,093,13

$1.5616
1.52767
1.46339
1.35618
1.06599
1.16
1.126
1.0701
1,29646
1.34611
1.33558
.9956
.92444
.90262
.84716

N o . 9 7 . — G E N E R A L CASH ACCOUNT OP THE NATIONAL-BANK REDEMPTION AGENCY POR
THE F I S C A L Y E A R 1904 A N D PROM J U L Y 1, 1874.

For fiscal year. From July 1,1874,
DR,
Balance from previous year
National-bank notes received for redemption
'' Overs "
Total

,

$12,691,238,23
262,141,930,23
18,489,36

$3, 720,633,123. 53
424,644.70

274,851,657,82

,721,057,768.23

025,655.00
381,376.00
291,351.00
382,280,50
250,81
1,307,00
3.356.35
30.839.28
14, 735,342,88

1,340,909,851,00
2,211,467,632,60
136,172,483,18
18,086,263.56
86,240.64
85,705.60
133,652.62
381,696,16
14,735,342.88

274,851,657,82

3,721,057,768,23

CR,
National-bank notes forwarded to banks of issue
National-bank notes delivered to Comptroller of the Currency
Moneys deposited in Treasury
Packages referred and moneys returned
Express charges deducted
Counterfeit notes returned
Uncurrent notes returned or discounted
,
'' Shorts "
Cash balance June 30,1904
Total




278
No.
o

REPORT

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 AT THE END OP EACH MONTH, PROM JANUARY, 1895.
Assets,
On deposit Nationalin
bank notes Expenses
paid.
Treasury,
on hand.

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...
December . . .
1900—January
February
March
April
May
June
July
August
September...
October
November...

December...

$616,691
2,248,754
2,864,740
2,663,891
2,789,463
3,214,277
2,188,940
1,001,602
2,025,271
1,949,265
1,787,810
721,140

$6,105,143
5.004.609
4,103,436
4.609.610
4,661,091
4,203,973
5,259,121
7,267,996
6,630,709
6,114,490
5,868,829
6,618,673
9,955,683'
7,993,630
6,616,076
1,274,249
7,114,472
699,146
9,445,926
9,967,391
11,613,348
13,376,890.
12,519,928
12,586,958
12,615,246
13,735,346
16,906,136
14,768,457
11,074,148
8,292,970
882,801
6,717,977
2,853,650
4,731,248
2,878,859
5,344,284
3,863,257
4,193,979
6, 111, 268 3,550,102
4,055,894
4,653,876
3,606,493
4,396,767
3,144,861
4,767,824
1,287,622
6,866,096
4,696,297
3,185,821
6,510,376
2,673,372
6,954,804
2,662,467
6,619,676
2,902,367
4,267,148
3,790,678
3,611,062
4,219,482
4,667,648
3,854,448
5,106,837
3,399,267
4,496,717
4,238,503
4,528,562
4,366,399
4,379,643
4,768,321
3,068,424
5,358,206
6,290,371
3,536,931
6,482,694
2,683,736
6,670,067
3,536,111
5,121,444
3,736,326
6,662,709
3,209,448
6,436,676
3,325,683
5,877,604
3,359,438
6,487,739
3,201,904
6,516,678
3,638,616
6,683,646
3,649,898
6,165,012
3,962, 662
•2,286,807
6,962,642
6,018,411
3,697,002
6,749,164
3,472,041
6,638,933
4,810,041
4,668,766
6,898,037
4,669,496
6,787,132
4,134,458
7,770,524
3,864,903
8,832,912
3,863,011
8,138,809
7,041,268
6,702,442
7,779,284
4,726,646
7,212,273
6,386,739




$57,578
67,578
57,578
76,412
76,412
76,412
100,353

68,307
58,307
58,307
68,307
77,767
77,767
114,086
19,269
19,269
38,818
38,818
68,398
58,398
58,398
58,398
77,978
77,978
125,062
146,635
21,573
21,573
43,374
43, 374
66,279
66,279
66,279
65,279
65,279
87,183
126,924
125,924
43,474
43,474
43,474
66,104
66,104
87,161
121,291
121,291
121,291
21,673
21,673
43,559
43,659
43,669
65,212
65,212
66,212
65,212
122,985
122,985
122,985
144,390
21,406

Total,

$6,721,734
7,253,363
6,968,176
7,263,501
7,508,122
7,476,828
7.605.639
8,335,910
7,632, 392
8,140,167
7,746,992
7,339,713
• "9,966,683
7,993,630
7,789,326
7,813,618
9,504,233
10,025,698
11,671,656
13,435,197
12,697,695
12,664,726
12,629,332
13,754,614
16,925,405
14,807,275
11,112,966
8,351,368
7,659,176
7,643,296
8,281,541
8,135,214
8,739,348
8,734,832
8,149,886
7,934,258
7,176,191
7,824,492
8,127,121
8.582.640
8,687,222
8,123,005
7,895,823
8,487,375
8,693,287
8,860,144
9,010,886
9,147,864
8,426,630
8,870,776
9,209,904
9,148,662
8,921,874
8,837,261
8,849,420
9,368,333
8,810,934
9,176,686
9,255,117
9,149,347
8,291,908
8,668,972
10,264,764
10,414,186
10,622,005
11,421,840
11,970,194
12,820,800
12,124,806
12,866,695
12,650,219
13,620,418

To national
banks.
$6 596,
7 176,
6 853,
7 132,
7 390,
7 34:9,
7 361,
8 208,
7 525,
8 017,
7 598,
7 168,
6 472,
7 027,
7 674,
7 624,
7 772,
7 673,
7 412,
8 891,
8 957;
8 477,
8 229,
8 243,
7 662,
8 .317,
7 847,
7 488,
7 366,
7 426,
8 138,
8 016,
8 665,
8 664,
8 074,
7 843,
6 994,
7 734,
8 090,
8 549,
8 546,
8 070,
7 838,
8 416,
8 530,
8 776,
8 942,
9 065.
8 306,
8 812,
9 162,
9 120,
8 886,
8 801,
8 814,
9 331,
8 761,
9 133,
9 220,
9 104,
8 153,
8 660,
10 211,
10 302,
10 333,
11 140,
11 760,
12 687,
11 911,
12 726,
12 563,
13 541,

On other
To
Treasury, accounts.

$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
5,327,681
8,919,868
6,324,446
3,019,063
686,258

279

TREASURER.

No.

9 8 . — A S S E T S AND LIABILITIES OP THE F I V E P E R CENT REDEMPTION F U N D OP
NATIONAL BANKS, ETC.—Continued.
Assets.
Month,

1901—January
February...
March
April
May
June
July
August
September .
October
November..
December . .
1902—January
February...
March
April
May
June
July
August
September..
October
November..
December..
1903—January
February...
March
April
May
June
July
August
September..
October
November.,
December . .
1904—January
February...
March
April
May
June
July
August
September..
October . . ' . .

Liabilities.

On deposit Nationalin
banknotes Expenses
paid.
Treasury. on hand.
$1,266,464 $11,076,686
3,841,112 8,998,719
5,842,220 7,353,487
7,873,009 6,737,228
7,062, 920 6,095,612
6,864,667 6,080,614
6,658,196
6,758,270
5,176,027 8,890,223
4,992,713
8,618,819
6,232,614 7,292,216
7,289,890 7,179,967
5,697,896 8,416,498
289,944 12,001,464
1,474,596 10,524,704
3,651,913 8,568.823
8,527,067
3,517,363
3,903,074 8,294,406
9,944,633
2,990,739
990,220 12,489,311
14,274,807
14,237,649
1,561,008 12,711,743
1,321,366 12,664,676
16,657,388
20,682,716
16,365,667
2,458, 712 9,399,277
• 4,469,800 9,026,886
3,148,704 10,719,941
1,177,486 12,691,238
15,174,396
18,316,984
15,214,873
3,669,913 10,460,064
7, 976,351 7,760,894
4,238,212 11,655,167
17,877,489
467,138 13,363,546
4,632,546 9,821,396
2,641,390 11,861,467
1,133.061 13,470,766
83,132 14,735,343
16,606,776
18,046,018
847,472 13,623,263
5,179,086 11,416,208




Total.

To national
banks.

$43,187 $12,375,337 $12,180,108
12,712,328
43,187 12,883,018
43,187- 13,238,894 13,090,649
13,663,424 13,646,058
43.187
13,213,626
13,112,675
66,094
12,901,610
65,094 13,010,176
13,481,659
13,367,026
66,094
14,212,486
13,957,678
146,236
13,767,768
13,631,969
146,236
13,692,997 13,635,862
168,167
14,638,014 14,507,915
168,167
14,036,326 13,913,926
21,931
12,313,339
12,110,404
21,931
12,042,911
11,663,764
43,611
12,264,347 12,021,312
43,611
12,088,041
11,829,169
43,611
12,241,091
11,997,864
43,611
12,978,983
12,802,774
43,611
13,623,142 13.380,241
43,611
14,362,232 13,939,369
87,425
14,325,074 12,358,535
87,425
14,426,647
14,251,718
163,796
14,016,139
13,810,658
130,098
15,680,966
13,988,689
23,567
20,606,283
12,436,711
23,567
16,412,855
11,773,394
47.188
47,188 11,905,177 11,174,800
47,188 .13,643,874 13,118,728
13,939,746
13,480,767
71,100
13,939,824 13,285,123
71,100
16,246,496
12,908,434
71,100
18,412,787 15,946,764
96,803
16,311,676
13,666,976
96,803
14,216,780 13,650,998
96,803
16,811,494 15,446,946
74,249
16,819,189
16,460,889
26.810
13,816,781
26,810 17,903,299
13,882,280 13,260,885
61,696
14,505,538 13,999,268
61,596
14,644,443
14,094,365
61,696
77,287 14,681,114 14,085,540
77,287 14,895,762 14,384,415
77,287 16,583,063 14,316,260
18,123,305 16,441,800
77,287
77,287 14,448,022 13,258,841
16,814,387 16,327,348
219,093

On other
To
Treasury. accounts.

$306,666
1,730,143
1,497,180
7,760,966
3, 217,900

1,686,770
1,932,177
899,431

3,593,350

1,733,117
917,687

$195,229
170,690
148,345
107,366
101,061
108,565
114,533
254,808
125,799
157,136
130,099
122, 399
202,936
379,147
243,035
258,872
243,237
176,209
142,901
116,218
236,396
174,829
206,481
196,186
418,606
421,661
730,377
425,146
458,988
664,701
660,292
533,856
846,269
666,782
364,649
358,300
494,168
621,396
506,270
450,078
695,674
511,347
633,686
763,818
1,189,181
487,039

280

REPORT ON THE FINANCES.

N o . 9 9 . — N A T I O N A L - B A N K NOTES OUTSTANDING AT THE END OP EACH MONTH, AND
MONTHLY REDEMPTIONS, PROM JANUARY, 1895.

Outstanding.
1895—January ...
February..
March
April
May
June
,
July
August....
September.
October
November.
December.
1896—January ...
February..
March
April
May
June
July
Aujgust...
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




$205, 297,571
206, 043,651
207, 541,211
209, 719,850
211, 478,716
211, 691,035
211, 372,046
212, 339,200
212. 861.934
213, 887,630
213, 960,598
213, 716,973
213, 496,647
217, 181,917
221, 316,027
224, 189,337
225, 287.935
226, 000,647
226, 030,042
229, 613.896
233, 639,357
234, 984,444
235, 398,890
235, 663,118
235, 094,662
234, 236.327
233, 795,141
232, 887.984
231, 876,841
231, 4.41,686
230, 844,266
230, 593,674
230, 278,970
230, 132,275
229, 634,217
229, 014,641
226, 629,216
224, 831,072
224, 481,879
226, 113,751
227, 696,370
227, 900,177
226, 780,066
227, 261,650
235, 439.985
239, 629,136
242, 784,803
243i 817,870
243, 324,226
242, 986.082
243, 134,892
'242, 796,708
242: 146,789
241; 360,871
241, 624,053
242, 163.897
243, 372,223
243, 066,624
243, 842,068

Redemptions.
$10,376.851
5.946,346
7,165,011
8,132,445
8,700.735
7.432,008
8,332,851'
7,027,790
6,702,340

7,252,879
7,750,398
9,685,659
13,974,586
8,316,189
7,894,397
9.227,331
11,801,075
11,296,483
12,051,832
7,833,890
5,387,077
7,773,491
9,351,409
12,583,899
13,765,173
7,243,972
7,344,396
8,573,136
10,722,337
10,943,162
10,381,308
7,235,581
6,648,031
7,987,243
8,313,654
10,395,345
12,404,809
7,333,587
6,724,345
5,441,202
6,645,717
8,600,866
9,387,739
7,404,634

6,260,269
7,662,258
8,187,373
9,350,470
10,631,694
6,430,217
6,718,848
6,856,867
7,289,210
6,858,832
6,154,652
6,692,341
6,344,072

6,217,119
6,245,818

. Month.
1899—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.
October . . .
November.
December.
1904—January...
February..
March
April
May
June
July
August
September.
October . . .

Outstanding.

Redemptions.

$246,277.223
247, 068.743
249, 616,228
271, 034.337
285. 359.366
300. 669.758
309, 640.443
320, 095.391
324, 304.325
328, 416,428
331, 693,412
332, 292,300
340, 141,174
346, 821.871
656.255
. 348,
350, 101,405
350, 764.267
351, 582,590
353, 742,187
356, 152,903
357, 419,155
368, 830,548
369, 911,683
359, 720,711
360, 289,726
359, 444,615
358, 434,867
357, 476,407
356, 987,399
356, 747,184
356, 672,091
358, 984,184
361, 282,691
366, 993,698
380, 476,334
384, 854,614
384, 929,784
383, 973,646
382, 798,845
382, 519.268
391, 151,728
406. 443,205
413, 670,650
417, 346,487
418, 587,976
420, 426,636
419, 610, 683
421, 106,979
426, 163,018
426, 867,627
430, 324,310
434, 909,942
437, 080, 573
446, 988,565
449, 235,096
450, 206,888
462, 516,773
456, 079,408
457, 281,600

$7,275,445
12,196,432
7,367,144
7,133,696
8,358,20412.054.085
13,043,599
13,665.718
13.072,084
8.677,348
8.443,068
9,567,510
10,511,185
19,482,754
12,799,120
12,358, 659
11,305,800
14,188,094
13.415, 238
13,378,875
14,336,572
8.792,246
11,384,984
11.087.009
13.351.267
20,863,764
14,999,349
14, 610,899
15,450,660
17,243.753
16.369,881
15,334,968
13,213. 682
11,242,551
12,483,910
13,600,790
18,657,201
24,364,960
13.916.434
14,446.393
17,012,686
20,676,357
21,679,690
22,963,412
18.866.086
16,830,610
17,488,970
13,654,484
22,080,483
29,641,701
21,006,260
21,567,430
23,783,646
26,702,886
28,676,063
27,138,361
24,922,176
18,187,050
20,200,160

281

TREASURER.

N o . 1 0 0 . — A V E R A G E AMOUNTS OP NATIONAL-BANK NOTES REDEEMABLE AND AMOUNTS
REDEEMED, BY FISCAL YEARS, PROM 1890.
Out of deposits for retirement.
Fiscal year.

1890
1891..
1892
1893
1894
1896
1896
1897
1898 .
1899
1900
1901 ..
1902
1903
1904 . . .

No.

Average
redeemable.
$67,054,169
49,793,004
32,661,886
23,707,976
23,805,168
27,720,318
22,604,148
21,613,208
29,679,023
32,023,249
36,424,466
31,258,712
35,966,721
43,179,711
38,920,347

Out of 5 per cent fund.
Redeemed,
fit for use.

Redeemed,
unfit for use.

$33,633,889 $129,194,340 $12,690,880
12,643,220
25,329,027 •126,118,369
16,676,700
16,232,721 139,561,426
24,166,150
9,037,651 161,047,380
39,893,840
10,929,636 181,617,646
36,056,620
13,068,369 180,140,091
46,946,190
11,223,150 194,629,242
37,669,960
11,092,355 211,375,241
27,124,260
15,990,460 198,491,851
23,472,650
16,649,275 207,264,424
17,909,793 223,869,280 • 25,620,660
18,626,437 308,625,645
67,668,715
20,085,275 322,207,220
67,303,520
26,272,086 339,993,484
62,563,430
30,936,971 389,966,13592,026,665

$23,275,006
27,494,445
36,282,336
43,394,418
60,944,080
40,094,640
43,866,376
69,014,688
64,858,166
60,530,828
49,006,446
71,432,232
89,646,745
104,604,266
136,444,405

Redeemed.

Average
redeemable.

Total
redeemed.
$35,865,885
40,037,665
52,969,035
67,660,668
90,837,920
75,150,160
90,812,566
106,674,648
81,982,416
74,003,478
74,627,105
129,100,947
146,950,266
167,167,696
228,469,960

1 0 1 . — N A T I O N A L - B A N K NOTES OUTSTANDING, BY MONTHS, FOR THE FISCAL YEARS
1903 AND 1904, AND THE A M O U N T AND P E R C E N T OP INCREASE IN 1904.
Fiscal year.

Increase in 1904.

Period.
1903.
July
August
September
October...
November
December.
January...
February..
March
April
May
June

1904.

$358,984,184 $417,346,487
361,282,691 418,587,975
366,993,698 420,426,535
380,476,334 419,610,683
384,854,514 421,106,979
384,929,784 425,163,018
383,973,546 426,867,627
382,798,845 430,324,310
382,619,258 434,909,942
391,161,728 437,080,573
406,443,206 445,988,665
413,670,650 449,235,096

Amount. . Percent,
$58,362,303
57,305,284
53,432,937
39,134,349
36,252,466
40,233,234
42,884,081
47,626,466
62,390,684
45,928,845
39,646,360
36,664,445

16,26
15.86
14.56
10.29
9,42
10,45
11,17
- 12.42
13,70
11,74
9,73
8.60

N o . 1 0 2 . — N A T I O N A L - B A N K NOTES PRESENTED FOR REDEMPTION, BY MONTHS, FOR
THE FISCAL YEARS 1903 AND 1904, AND THE AMOUNT AND P E R CENT OP INCREASE

IN 1904.
Fiscal year.

Increase in 1904.

Period.
1903.

Amount.

Percent,

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

$15,334,968
13,213,682
11,242,551
12,483,910
13,600,790
18,657,201
24,364,960
13,916,434
14,446,393
17,012,686
20,676,357
21,679,690

$22,953,412
18,856,085
16,830,610
17,488,970
13,654,484
22,080,483
29,541,701
21,006,260
21,567,430
23,783,646
26,702,886
28,676,063

$7,618,444
6,642,403
5,687,969
6,005,060
53,694
3,523,282
6,176,741
7,089,826
7,121,037
6,770,961
5.126,629
6,996,373

49,68
42,70
49,70
40,09
.39
18.99
2L25
50,96
49.29
39.80
24.91
32.27

Total

196,429,621

262,141,930

65,712,309

33.45




282
No.

REPORT ON T H E FINANCES.
1 0 3 . — P E R C E N T A G E OP OUTSTANDING NATIONAL-BANK NOTES REDEEMED AND
AsSORTE-15 EACH F i S C A L Y E A R PROM 1 8 9 4 , BY GEOGRAPHICAL DIVISIONS.
Division.

Maine
New Hampshire.
Vermont
Massachusetts...
Boston
Rhodelsland
Connecticut

1900.

1901.

1902.

1903.

1904.

48,43
51,71
56,20
66.87

40,85
43,41
46,81
48,31

38,53
39,77
40,05
45.47

55,23
58.00
53,87
60.94

51.55
53,43
53.32
61.78

65.33
69.69
59.03
64.85

60,64
61,17

54.61
52.38

49,07
48.22

43.84
43,54

64,51
56,96

55.95
6L95

56.27
63.67

64,88
67,93
70.36
69,66
87,66
67.64
80.56

68,24

64.80

47.23

43,55

58.37

59.03

62.14

73.26

59.50

60.26

47.85

45,76

69,50

64.84

73,07

69.24
101,62
89,17
62,13
8L97
61,10
64,15
134,30
74,24

1895.

1896.

1897.

46.05
53.30
55,08
63,08

38,47
45,40
48.71
45.89

43,01
47.95
62,81
62,28

49.13
52,64
61,48
58,76

49,94
65,04

43.91
63.57

48,77
53,30

46.20

50,95

NewEngland
N e w Y''ork
N e w Y o r k City
New Jersey
Pennsylvania
Philadelphia
Delaware
Maryland
Baltimore
D i s t r i c t of C o l u m b i a . .

1899,

1894.

67,60
58.48
48.70

60.20
45,19

64,20
50,71

75.52
67,69

69.88
43.14

55,65
41.69

5L11
39,69

68,68
42. 62

70.48
46.39

73,61
54.78

54,18
46.55

47,84
44,00

51,19
56,26

54,66
62,08

46,50
46.88

44.03
60,76

41,04
49,37

42.75
61.44

46.78
70,77

55,86
83.16

69.90

50,05

66,!

63,04

53.78

48,79

60,12

67,31

64.90

64.1

49.95

54,44

59,38

47.!

46,12

43,99

63,73

68.43

66.88

0.46

Virginia
West V i r g i n i a . .
North Carolina.
South Carolina.
Georgia
Florida
Alabama
Mississippi
Louisiana . . . . . .
New Orleans . . .
Texas
Arkansas
Kentucky
Tennessee
Porto Rico

61.20
37.49
46.40
66.17
46.02
40.66
62.13
45.64
37.12

40,54
36,13
36.34
46.06
39,37
38.02
38.98
32.75
26,65

43.46
36,14
36,69
6L82
42.88
40.85
62.98
37,95
48.81

44.74
38,64
39.71
62.69
39,99
49,36
45.91
40,68
31,62

36.98
32.75
34,45
45.12
30.97
38.61
33.97
32.32
19.58

34,56
30,48
37.97
37.25
30,30
50.02
27,06
31,67
19,31

36,88
25,99
42,65
54.87
33.67
39.40
27.83
26,64
20,34

46,37
32.03
63.23
64.53
47,58
4L68
43,57
31,25
36.81

46.29
36.67
51,22
52,18
41.08
47,29
42,01
34.47
41.00

48,80
39,42
49,84
60.33
44,88
42,66
43,10
47.23
66,22

45.02
35.90

36,24
35,66
28,90
38,02

41.67
58.23
38,75
43,62

34,23
34,48
31.69
37,88

27,33
30,53
24,84
3L84

24.02
27.88
22.30
27.80

27.57 I 31.95
26,67 28,19
23.04 25.16
23.40 31.89

36.01
38,57
31,60
34.10

36,81
34,86
36,68
35,06
6,75

63,26
51. 59
54.64
62.29
58.56
49.63
47.66
48.92
39.25
74.87
41.82
32.20
42. 24
38. 63
67.25

Southern .

43.82

34,83

42,70

37,07

29,36

38.17

41.25

47.66

40.19

33,18

42.98

32,69

27,38

25.06

22,70

27.62

31.61

35.90
36,64

27,63
3L16

31.29
39.67

30,65
31.62

24.59
25.91

21.66
2L45

21,31
22.12

24.41
26.93

26.29
32,84

28.74
35.45

43.08
39.12
38.36
38.74
37.46

36.61
33,92
30,83
31,73
30,63

37.12
34.02
32.32
36.68
42.00

33,92
31.24
32.27
32.66
30.96

29,36
27,41
27,41
28,24
23,11

25.36
22.69
22.16
22.49
19.36

23.98
21.18
24.12
21.10
20,16

27.71
24,98
26,26
24,40
24,93

27,65
27,04
26,45
27,90
4L18

3L37
31.39
29,75
32,61
38.26

Eastern.

Ohio
Cincinnati ,
Indiana
Illinois
Chicago
Michigan...
W i s c o n s i n .,
Minnesota..
Iowa
Missouri
St, L o u i s . . . ,
Middle .
North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
I n d i a n Territory .
Western

41.75
52.43
35.88
35.50
66.69
34.42
30.70
34.43
35.62
28,83
6L58

39,01

32,08

38,65

32.18

26.76

23.02

22,05

26,26

32,00

34.45

39,69

41,03
43,10
47.64
39.76
40,33
53.26
4L94
48,44
36.46
42,29

35,01
37,06
36,08
31.68
32.33
39.93
34.01
37.58
32.68
34.71

33.58
35,56
34,40
33,66
32.00
39.56
36,87
38,05
45,18
29,80

34,49
38,70
37.76
33.26
31.97
40.26
33.61
37.15
46.66
29,46

29.26
31.84
31.08
28.28
27,66
36,91
29,88
33,16
43,08
22,03

25.22
29,83
25,67
25.12
26,10
32,90
23,66
27,86
34,11
20.66

24,69
26,42
23,26
22,17
25,56
22,95
23,56
25,12
20,38
21,41

23,37
28,30
24,64
22.42
So. 54
26.07
22.19
29.80
17.46
28,70

25.34
28.53
3L76
29.63
27.80
29.41
32.32
32.41
30,38
33.41

29.89
31.40
34.51
32,00
33,70
34,63
39.72
37.97
32.24
37,13

34,83
35,91
35,30
34,64
37,80
38,33
40,43
44,84
34,90
39,48

34,52

36,79

43.19

33.96

34,61

35,12

29,81

25.47

23,33

24,04

30.62

44.53
47.32
60.20

34.46
36.11
36.30

37.90
54,61

40.25
78.28
5L38

30,84
37,26
39.63

29.33
29,36
28,22

27,87
29.56
46.30

30,68
33,46
32.24

33.92
35.24
37.36

46.96
39,68
61,94
48.21

35.17
16.40
66.68
36.85

34,76
20.29
60.28
39.69

36,04
20,00
63,56
31,20

31.92
16,29
51,35
32,79

3L26
16.20
62.87
28.73
6.33

30.43
21.70
32.91
28.17
25.60

28,02
2L66
33,73
32,21
16,00
12,68

29.21
29.67
37.48
37.35
12.00
64.56

Pacific

46.68

32.28

40.34

:8.41

33,18

34.90

30,64

36.64

41,60

47.57

UnitedStates....

48.87

42.49

47.86

50,23

42,61

35.85

43.44

46.82

6L68

60.62

Washington...
Oregon
California
San Francisco.
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii




37.83

44.06
51.22
48.72
46.33
38,45
43,98
28,47
49.65
18.40
139.99

283

TEEASUEEE.
No.

;

1 0 4 . — A V E R A G E AMOUNT OP NATIONAL-BANK NOTES OUTSTANDING,
REDEMPTIONS BY FISCAL YEARS, PROM 1875.

Year.

1876
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889

No.

Average
outstanding.
$354,238,291
344,483,798
321,828,139
320,625,047
324,244,285
339,630,923
346,314,471
359,736,050
369,868,624
347,746,363
327,022,283
314.815,970
293,742,052
265,622,692
230,648,247

Redemptions.
Year.
Amount.

Per cent.

$166,621,000
209,039.000
242,886,000
213,152,000
157,667,000
61,586,000
69,660,000
76,089,000
102,700,000
126,162,000
150,209,000
130,296,000
87,690,000
99,152.000
88,932.000

43.90
60.68
75.47
66.48
48.62
18.13
17.22
21.15
28.63
36.27
45.93
4L38
29.85
37.32
38.55

Average
outstanding.

1890
$196.248.499
1891
175,911,373
1 8 9 2 . . . . . . . . . 172,113,311
1893
174,755,366
1894
205,322,804
1896
207,860,409
1896
217,133,390
1897
232,888,449
1898
228,170,874
1899
239,287,673
1900
260,293,746
1901
339,884,257
1902
358,173,941
1903...
383,173,196
1904
428,886,482

Redempl ions.
Amount,

Per cent.

$70,257,000
67,461,000
69,625,000
75,845,000
106,331,000
86,709,000
108,261,000
113,674,000
97,112,000
90,838,000
96,982,000
147,487,000
171,869,000
196,430,000
262,142,000

35.80
38.34
40,45
43.40
51,30
41,71
49,86
48,76
42,66
37.96
37.26
43,39
47,98
6L26
6L12

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, 1895.

Month,

New
York.

1895—January . . .
February.,
March
April
May
June
July
August
September.
October . . .
November,
December ,
1896—January..
February.
March
April
May
June
July
August 9..
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
,

Boston, P h i l a - B a l t i delphia, m o r e .

66.27
58,42
67.98
59.01
6L17
60,68
60.92
64.36
43.88
42.82
43.03
.63.23
6L48
66.71
60.70
63.33
6L66
56.49
66.17
48.61
47.17
62.65
58.40
69.60
60.34
69.20
56,12
62,22
62,35
69.47
68.83
53,16
47.68
48,61
49.01
64.76
58.58
57.26
5L68
60.84
60.22
52.33
53.26
56.50
49.97
49.41
48.96
60.75
56.46
65.35
44.66
48,31
49.41
61.04




15.59
10,71
10,23
7,51
10,33
8.84
12.38
13.76
14.62
17.33
18.19
15.59
18.90
13.48
13.98
10.75
10.17
1L06
13.41
14,60
16,06
17.88
17,95
16.71
16.60
12.79
11.90
8.19
13.13
13.19
17.31
18.63
2L00
2L44
20.41
19.79
18.64
13.88
13,09
10,76
12,47
12,87
14,59
12,17
15,78
18,61
19,08
16.77
17.23
12.66
11.96
10.20
10.30
13.03

4,91
7.67
6.39
7.44
6.54
7.29
8.33
7.57
-8,87
9.37
6,48
6.76
4.89
5.48
7.24
7.20
6,81
8,60
8,28
10,67
10.43
6.78
6,23
6,64
6,41
8,48
8,36
7,21
6,34
7,39
4,97
7.01
9.16
7.44
7,06
6,73
4.90
6.28
7.87
8.21
8.45
8.30
6.63
8.29
9,30
6,12
8,39
8.35
6.72
6.28
9.61
10.47
10,45
9.65

0.62
L35
L14
L23
1.33
2,04
2,16
L21
3,02
3,60
2,10
L81
LIO
L44
2,23
L62
L46
2,22
1.70
2,30
2.89
L71
L12
Lll
.83
L21
L42
L33
L04
1.46
.83
L89
L94
L84
2.01
L66
L27
3.41
4.22
2.96
3.61
2.72
L46
L88
L90
L66
2.79
3.32
2.75
3.64
4.32
2,66
3.09
2.66

Chicago.

CincinSt.
nati.
Louis.

2.46
L26
4.98
2.61
6,67
2.76
6.60
3,23
6.78
2,46
6.33
2,50
6.89
2,24
6.76
2.04
6.23
3.96
6.41
3,60
6.76
5.47
6,09
2.39
4.00
1.30
4,86
2,01
6.07
3.04
6.67
4.39
4.96
2.62
6.81
3.05
6,37
2.27
4,84
L85
5,49
L70
4.60
L36
'4,34
L76
4,02 . L 2 6
3.83
.73
4.67
.87
5,76
..96
6,10
LOO
4.30
1.07
4.16
L87
6.32
L16
4,09
L20
6,10
L28
6,40
. 1.31
4.77
2.89
4,63
L38
4.94
L34
5.62
.76
6.49
L23
7.55
L43
6,92
2.02
6.32
2.19
5.56
2.32
4.66
L73
6.36
L21
6.34
2.76
6.25
2.87
5.20
L83
4.17
L16
L32
5.71
7.78
L56
6.53
L63
6.68
2.00
6.16
2.17

L37
2,27
3,91
4.78
L80
3.02
4.89
-^3.09
3.58
3.23
2.74
3.45
3.46
2.66
2.66
4.88
3,41
4,06
2,04
2,48
L89
LOO
L22
L59
L26
L66
L97
2,12
2,41
2.93
L60.
2.02
L96
L87
2.38
L48
L53
2.26
L87
2.19
2.26
2.59
2.75
3.10
L68
2.71
L37
L83
2.81
2.40
2.37
3.24
3.84
2.11

Other
New
O r l e a n s . places.
0.27
.34
.76
L03
.85
.67
1.06
L32
L66
L41
1.26
.70
.62
L20
L28
.78
.89
.62
.75
L43
.60
.64
.39
.29
.25
.44
.65
.34
.42
.38
.66
,98
."64
.34
.62
.68
.30
.72
.55
.70
.71
.63
-.51
.67
.72
.90
.44
.41
.64
.37
L30
.93
.84
L17

7.27
11.66
10.28
10,17
9,74
9.73
12.13
10,90
14,28
13,33
13.99
10.99
9.26
12.16
13.80
11.48
9.02
8.09
9,01
13,42
14,87
13,09
9,60
8,88
9.75
10.78
13.86
11.43
9.94
9.17
9,33
11.13
11,35
11,85
10.95
10.10
8.60
10.83
14.00
15.37
13.45
13,05
13.04
12.11
13.08
12.69
10,86
11.54
10,17
12.37
16.46
16,13 .
13.49
13.02

284

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

N o . 1 0 5 . — P E R C E N T A G E OP NATIONAL^BANK NOTES RECEIVED POR REDEMPTION PROM
THE PRINCIPAL CITIES AND'OTHER PLACES, BY MONTHS, PROM JANUARY, 1895—Con.
Month,
1899—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,
October ...
November,
December .
1904—January ...
February..
March
April
May
June
July...:...
August
September
October




New
P h i l a - BaltiY o r k , Boston, delphia. m o r e ,
50,71
12. 50
13.87
46.01
43,08
15:48
47,08
13.47
44,93
16,06
47,66
14,70
64,12
13.63
58,86
10,04
62.31
11,42
56,27
9,81
58,76
12,73
60.80
12,07
57.04
13,49
68,28
16.46
49,49
18,11
42.48
17,70
47.99
16,32
15,82
48,38
66,65
1L60
62,98
11,24
64,44
11,08
62,68
11,20
67,71
11,07
57,15
9,67
57,20
12,72
52,61
10,86
49,41
13,01
50,33
12,92
49.10
14,44
52,38
12,76
65,69
10.37
48,98 . 11,06
46,53
9,69
44.58
8,56
60,76
8,74
46,88
8,73
60,28
10,49
47,84
10,58
40,84
12.29
39,41
11,78
47,19
12.00
47.95
10,93
59,88
9,02
66,08
9.16
46.32
9,71
48.23
8,20
52.72
9.80
8,02
53.93
64.08
9,95
54.97
9,98
50,39
9.73
49.94
9,98
42,61
10.93
55.06
8,23
63,66.
8,66
52.34
8,46
50,91
8,30
62.99
7.21
66.13
7,18
56.27 . 8,00
54.46
8.46
60,90
9.66
47,13
9.20
44.05
10.23

9.48
10,78
10,74
10,62
12,02
10,76
6,46
7,45
8,86
8,01
7,48
6,78
5,55
6.17
6.62
9.10
7.62
8.53
5.35
4,81
4,70
7,66
5.34
6.24
6.19
6,62
6.60
7,06
7,02
6.56
6,04
6,42
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
7,60
7,97
8,80
7.70
6.88
7.54
6,68
7.15
6.33
6,91
6.86
7.39
8,26
7.36

Chicago,

6.39
2,38
2,90
8.26
2,90
7,74
6.76
2.78
2,46
6,71
3,09
5,38
3,34
1,79
4,32
2,61
2.37
5.58
3.99
4.22
3,26
3.55
2.45
3.64
2,94
8.32
2.80
3.70
4.33
5.63
2.25
5.60
4.82
5,91
3,49
4,84
2,42
2,73
2,99
10,01
3.14 ' 6,61
3.39
6,13
3.71
6,24
6,14
3.23
2.86
6,26
3,37
6,04
3,89
7,43
4,17
7,44
.3,33
7,40
3,06
7.03
2,54
7,11
2,69
12,04
3,06 , 9.60
3.60
9.06
3,94
9,64
3,42
9,91
3,02
10,00
3,41
11,93
3,97
1L68
3,20
1L94
3,73
10.11
3,16
8,45
2.89
8,39
3.31
8,18
3,71
10,68
4,69
10,15
3,67
8,71
4.16
7,55
4,04
8,95
3,77
7,96
3,97
9,57
3,79
9,27
4.71
11,21
3,46
8,28
2,64
6,50
2,26
8.31
3,91
8,48
3.62
8.44
3.73
9.19
3.66
6,62
3,21
7,04
3,91
8.16
4,46
8.94
3,91
10.00

CincinSt,
n a t i . Louis,
1,58
,82
1,56
L80
1,62
1,03
,67
,98
1.04
L30
1,47
1.46
1.22
.50
L02
L56
,96
L65
,74
1.07
.73
L13
L45
L63
L08
.95
L64
L32
2.16
1,98
1,28
2,42
2,11
L84
2,38
3.02
2,62
L70
2,92
2,81
3,27
2.69
1,27
L85
2.65
2.05
1.96
2.29
2,93
L96
2,63
2.56
3,69
3,54
L36
2,41
2,78
L99
2,22
2,04
2,31
2,49
2.98
2.77

2.73
L75
2,34
2.66
2.20
1.99
1,19
2,71
3,10
3,41
2,08
2,97
2,28
2,13
2.37
2,20
L83
2,65
3,22
7,62
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
9,61
4,23
3,74
4,09
3,68
L76
4,83
3,75
3.60
7,65
6.42
6.89
6.01
.4.08
2.88
5.07
L86
2,24
2,43
2,25
9,36
7,24
6,78
6,64
6,62
7,29
6,27
4.42
7,66

Other
New
Orleans, places.
• 0.95
.73
.90
.70
.48
.52
.31
1.21
.85
.75
.61
.97
.81
.85
1.15
4.33
,89
,69
,44
,74
L02
1,46
.92
.60
.81
.60
LIO
,82
,75
,71
,68
1.50
2.26
2,31
L80
2,05
2,03
2.03
2.37
2,08
2.17
L41
,66
1,04
1,66
L66
1.31
1.^93
1.48
2.11
L82
L87
2.08
.71
.71
1.53
L57
L92
1.92
1,42
L12
L64
2.46
1.73

13.28
14.88
15.27
15.24
13.52
14.87
8.49
11.93
14.47
13.24
10.07
8,96
8,36
9.11
11.28
14.78
13.66
13,96
6,95
8.54
11,73
11,70
9.83
9.14
10.39
8.93
12.86
12.29
12.78
12.58
8,26
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
12.76
13.73
10.60
7.46
7,79
10,13
9,90
8.76
8,47
9,26
9,60
12.17
12.40

TREASURER.
No. IOO.^CHANGES

285

DURING THE FISCAL Y E A R 1904 IN THE FORCE EMPLOYED IN
THE T R E A S U R E R ' S O F F I C E .

Total force June 30, 1903:
Regular roll.
Detailed

433
24

Died
Resigned
Transferred from Treasurer's Office ...'.
Discontinued
Detailed from Treasurer's Office
Details discontinued
Appointed
Reinstated
Transferred to Treasurer's Office
Detailed to Treasurer's Office

467

5
21
8
2
2
24

.-

,

.•

13
9
48
11

62

81
19
Total force June 30, 1904
No.

476

107.—APPROPRIATIONS M A D E FOR THE FORCE EMPLOYED IN THE TREASURER'S
OFFICE AND SALARIES P A I D DURING THE FISCAL YEAR 1904.
Roll on which paid.

Regular roll
Reimbursable roll (force employed in redemption of national
currency)
Total




Appropriated.

Expended. Balance unexpended.

$390,835,00 $387,540.77
101,694,71

97,737,26

492,429.71

485,278.03

$3,294.23
3,857.46
7,151.




REPOET OE THE DIRECTOR OF THE MINT.

TREASURY DEPARTMENT,
BUREAU OF THE M I N T ,

Washington., D . O., December i , 190Ji.,
SIR: I have the honor to submit herewith the thirty-second 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, 1904, with such available statistics for the fiscal year as may
be valuable in connection therewith.
COINAGE OF THE YEAR.

The coinage mints at Philadelphia, San Francisco, and New Orleans
were in operation throughout the fiscal 3^ear, and their total output,
both in number of pieces and in value, was the largest in the history
of the country. The domestic coinage amounted in value to
$228,202,151.55, while the number of pieces executed, including the
coinage for the Philippines, Venezuela, and Costa Rica, was
219,353,442.
DENVER MINT.

The new mint building at Denver has been completed since the close
of the fiscal year under review, and turned over to the mint service.
The organization of the institution has been completed, as contemplated
by the act of March 18, 1904, except that no coiner has yet been
appointed. The officials appointed are as follows: Superintendent,,
Frank M. Downer; melter and refiner, Joseph W. Milsom; assayer^
A. R. Hodgson. These appointees held corresponding positions in
the institution while it was conducted as an assa}^ office, and their
capable and faithful services were recognized by their continuance
under the greater responsibilities involved in the conduct of a coinage*
mint. The machinery and other equipment required are now being
installed, and estimates are submitted for the appropriations that will
be required for the fiscal year beginning July 1, 1905.
NEW ORLEANS MINT.

The exhaustion of the stock of silver bullion purchased under the
9,ct of July 14,1890, and the consequent discontinuance of silver-dollar




287

288

REPORT ON THE FINANCES.

coinage, has necessitated a large reduction of the force of the New
Orleans mint, which was chiefly employed upon silver. The number
of employees in that institution was 219 in February, 1904, but in
June had been reduced to 97, and has been still further reduced since.
MINOR COINAGE AT ALL MINTS.

Under the provision of section 3528 of the Revised Statutes of the
United States, the manufacture of all the minor coins is restricted to
the mint at Philadelphia. At the time this provision was enacted the
demand for such coins was confined principally to the Eastern, Middle,
and Western States east of the Missouri River, but in recent years
there has been a heavy increase, which has extended not only to the
section named but to the Southwestern States and the Pacific coast as
well. No reason exists for not allowing a portion of this coinage to
be done at the other mints, and it would at times facilitate the operations of the service to distribute this work. It is recommended that
the restriction referred to be repealed.
MINOR COINAGE METAL FUND.

For some years it has been the practice to purchase the bronze and
nickel for the minor coinage in the form of blank coins, ready to receive
the final impression. This practice was resorted to when the mints
were crowded with work, but with the occupation of the new mint
structure at Philadelphia, and the opening of a new coinage institution
at Denver, it is contemplated to return to the custom of doing all of this
work in the mints. While there will be economy in doing so, a larger
amount of metal will be required in stock and a larger minor coinage
metal fund must be provided.
Section 3528, Revised Statutes of the United States, provides that—
for the purchase of metal for the minor coinage a sum not exceeding fifty thousand
dollars in lawful money of the United States shall be transferred by the Secretary of
the Treasury to the credit of the superintendent of the mint at Philadelphia, at
which establishment only, until otherwise provided by law, such coinage shall be
carried on.

The sum provided above, $50,000, is now insufficient to c a n y the
bullion and materials required to enable the mint to promptly meet
the greatly increased demand for minor coin. When this fund was
created by the act of February 28, 1873, it was ample, the total minor
coinage for the year being $369,380; but last year the minor coinage
amounted to $1,762,628.05, and in the month of December alone to
$451,000.. The fund is inadequate to handle this volume of business,
and no little inconvenience is experienced in consequence. The minor
coinage metal fund should be increased to $250,000 as a maximum, and
it is respectfully recommended that Congress be again asked to take
this action.
SUBSIDIARY COINAGE.

The attention of Congress should be urgently directed to the fact
that immediate action is Tequired to enable the Treasury to meet the
constant demand for subsidiary silver coin. With the growth of popu-




DIRECTOR OF THE MINT.

289

lation and business in the country, its needs in this respect inevitably
increase and are imperative. The output of these coins from the
mints during each of the last fiscal years has been as follows:
1900
1901
1902
1903
1904

112,876,849.15
10,966,648,50
10,713,569.45
8,023,751.25
7, 719, 231. 00
Total

50, 300, 049. 35

The amount of this coin on hand in the offices of the Treasury at the
beginning of this period was $6,606,972, and at the end $11,523,678,
showing a net gain in the Treasury of $4,926,706, and a net absorption by the country of $45,373,343. The activity of retail trade affects
the demand from year to year, but there is a constant absorption, and
the Treasury should be authorized and prepared to supply the country's wants.
The original authority to buy bullion for this coinage is given in
section 3526 of the Revised Statutes, which reads as follows:
SEC. 3526. In order to procure bullion for the silver coinage authorized by this
title, the superintendents, with the approval of the Director of the Mint, as to price,
terms, and quantity, shall purchase such bullion with the bullion fund. The gain
arising from the coinage of such silver bullion into coin of a nominal value exceeding
the cost thereof shall be credited to a special fund denominated the silver-profit fund.
This fund shall be charged with the wastage incurred in the silver coinage, and with
the expense of distributing such silver coins as hereinafter provided. The balance
to the credit of this fund shall be from time to time, at least twice a year, paid
into the Treasury of the United States.

The joint resolution of July 22, 1876, a measure looking to the
redemption of the $50,000,000 of fractional paper currency which had
been authorized since the suspension of specie pa5rments, provided for
an issue of subsidiaiy silver coin, which with the amount of fractional
paper money outstanding should not at any time exceed $50,000,000.
This limit, however, was exceeded after the resumption of specie payments, by the importation of the United States subsidiary coin which
had been exj^elled from the country during the paper money regime.
The monetaiy act of March 14,1900, raised the limit for the subsidiaiy
stock to $100,000,000, and authorized the use for that purpose of bullion purchased under the act of Jul}^ 14, 1890. The language of the
provision is as follows:
SEC 8. That the Secretary of the Treasury is hereby authorized to use at his discretion, any silver bullion in the Treasury of the United States, purchased under the
act of July fourteenth, eighteen hundred and ninety, for coinage into such, denominations of subsidiary silver coin as may be necessary to meet the public requirements
for such coin: Provided, That the amount of subsidiary silver coin outstanding shall
not at any time exceed in the aggregate one hundred millions of dollars. Whenever
any silver bullion purchased under the act of July fourteenth, eighteen hundred and
ninety, shall be used in the coinage of subsidiary silver coin, an amount of Treasury
notes issued under saiid act equal to the cost of the bullion contained in such coin
shall be canceled and not reissued.

In 1903, the limit of $100,000,000 having been reached, Congress
authorized a further coinage from bullion under the act of July 14,
1890, as follows:
That the authority given to the Secretary of the Treasury to coin subsidiary silver
coin by the eighth section of an act entitled ''An act to define and fix the standard
of value, to maintain the parity of all forms of money issued or coined by the United
Fi 1904

19




290

REPORT ON THE FINANCES.

States, to refund the public debt, and for other purposes," approved March fourteenth,
nineteen hundred, may hereafter be exercised without limitation as to the amount
of such subsidiary coin outstanding.

Under these acts the manufacture of subsidiaiy coins has proceeded
from the bullion in the Treasury purchased under tbe act of July 14,
1890, until it is now practicaUy exhausted. On November 1, 1904,
theamouut remaining on hand was 2,742,589.71 fine ounces, of the
coining value in subsidiary money of $3,791,382.24.
As the subsidiaiy coins are legal tender for no more than $5 in any
single transaction, and are redeemable at any office of the Treasury
upon presentation in sums of $20, or any multiple thereof, it is apparent that they can not be forced into circulation in excessive amounts,
and that any redundanc}^ will be promptly visible at the Treasuiy.
Under these conditions their isfeue and redemption are automatically
regulated by the demands of business, and no arbitrary limit upon the
stock outstanding is required.
UNCURRENT SILVER DOLLARS.

Twenty-six years have now elapsed since the coinage of silver
dollars was resumed under the act of 1878, and a considerable quantity
of these coins in circulation and in the Treasury are abraded to an
extent which renders them unfit for circulation. No provision of law
now exists under which they may be recoined. They can not be
recoined into dollars without loss and there is no authority to incur
this loss. As the subsidiary coins are of lighter weight than the dollar
piece, the latter might be recoined for subsidiary use without loss.
GOLD BULLION IN REDEMPTION FUND.

All bullion in the mints is of course included in the Treasuiy
balances, and it is preferable that all gold bullion be carried in the
$150,000,000 redemption fund rather than an}^ part of it in the general
fund, which should all be available for current payments. The actof
March 14, 1890, establishing the redemption fund, says that this fund
shall be of gold coin and bullion, without specifying how much of it
shall be coin, but another section provides that whenever and so long
as the gold coin held in the reserve fund shall fall below $100,000,000
the authority to issue gold certificates shall be suspended. This provision amounts to a practical restriction of the amount of gold bullion
in the redemption fund to $50,000,000, and considerable inconvenience
is entailed thereby for the following reasons:
In the operation of the mints it is advantageous to work upon one
metal at a time and not to be changing from one metal to another frequently. The mint and assay office service has twelve offices that are
constantly receiving gold bullion, and each mint must necessarily hold
some bullion at all times. It has five refineries in all, of which more
or less bullion is always under treatment. The mint service manufactures fine gold bars in assorted sizes for use in the arts and manufactures, and last 5^ear sold $21,640,644.40 worth to that trade. I t
>supplies gold bars to meet the export demand, and last year the New
York assay office sold $62,101,585.02 worth of these bars for that
purpose. These conditions and demands make it necessary.that a considerable stock of gold bullion shall always be on hand, and $50,000,000
is a narrow margin to work upon.
Furthermore, a consideration of present conditions with relation to



DIRECTOR OF THE MINT.

291

the possible demands upon the redemption fund will show that any
such demand will probably be for gold bars. There has never been
any continued demand upon the Treasury for gold except for export,
and a demand for export is always a demand for bars. The exporters
prefer bars because the latter are always of full weight, while all coin
that has been in circulation is to some extent abraded. During the six'
months from Januaiy 1, 1904, to July 1, 1904, the total presentations
of United States legal-tender notes for redemption in gold amounted
to only $6,591,240, while in the same time the Treasury gave
$60,790,511 in gold bars in direct exchange for gold certificates. At
times in the last year it has been difficult to meet the deman^d for bars
as fast as it came, and some coin has doubtless been exported which
would not have gone if bars had been available. It is clear that
nothing is gained by compelling the mints to work bars up into coin
while it is being taken for export because bars can not be had. And
it is equally plain that the Treasury w^ould not be weakened by carrying a larger proportion of its reserve in bars.
I t is therefore recommended that Congress be asked to modifj^ the
statute so as to permit the issue of gold certificates whenever the
stock of gold coin and bullion in the redemption fund is equal to or
above $100,000,000.
COINAGE FOR THE PHILIPPINE ISLANDS AND FOREIGN GOVERNMENTS.

At the request of the Secretary of War the purchases of bullion
required for the silver coinage 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 Secretaiy of the Treasuiy. There were
purchased from March 26, 1903, to June 30, 1904, for this purpose
13,528,226.30 fine ounces of silver, costing $7,376,995.28. This bullion
was paid for by the government of the Philippine Islands. There
were also received during the fiscal year at the San Franeisco mint old
silver coins, withdrawn from circulation in the Philippine Islands,
amounting to 2,560,237.68 fine ounces, for conversion into the new
coinage. The total coinage for the Philippine Islands during the year
was 12,552,629.80 pesos in silver and 635,843.77 pesos in nickel and
bronze. The Treasuiy has been reimbursed for the cost of the Philippine coinage, the total charges therefor to June 30, 1904, being
$263,964.62. In addition to the foregoing the mint at Philadelphia
coined 2,100,000 pieces for Venezuela and 630,000 pieces in nickel for
Costa Rica.
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 $5,012,604.34. 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




1
„

$215,184. 04
12, 053. 27
45, 216, 99
3, 032, 495. 37
1, 962, 977. 82
1, 353, 926. 53
2,177. 83
67, 852. 25
5, 389. 36
3,315.50

292

REPORT ON T H E

FINANCES.

Sale of by-products
Received for manufacture of counting boards, machinery, etc
Received for coinage for foreign countries
Received for coinage for Philippine government
Total

,

:

$13,951.17
7, 245. 48
13, 755. 50
173, 897. 40

6,909, 438. 51

The expenditures were as follows:
Equipment, Philadelphia mint
| 4 , 083. 69
Equipment (new machinery), San Francisco mint
5, 491.14
Equipment, Denver mint
40, 374.13
Transfer of gold coin and bullion between mints and assay ofiices
70, 439. 88
Paid in salaries and wages
.-."..
^ - . . 1, 268, 032. 37
Contingent expenses (less wastage and loss in sweeps sold)
391, 395. 04
Wastage and loss on sale of sweeps
70, 384. 80
Expense of distributing minor coin
36, 072. 90
Loss on bullion shipped to mint
138.18
Loss on recoinage, minor coin
10, 422. 04
Total

1,896,834.17
DETAILS OF OPERATIONS.

Elsewhere will be found detailed reports submitted by the superintendents and operative officers of the several institutions, and for
particular information concerning their operations reference is made
thereto.
DEPOSITS OF GOLD BULLION, FISCAL YEAR 1 9 0 4 .

Deposits of bullion may be made at a mint or assay office for conversion into bars for the convenience of the depositoi\ When delivered
to and disposed of by him they frequent!}^ find their way to another
one of the Government institutions, and are there classified as redeposits. The same applies to transfers of bullion between the mints and
assay offices.
The deposits of gold bullion at the mints and assay offices of the
United States during the fiscal year ended June 30, 1904, exclusive
of the redeposits, were of the value of $177,753,384.34, against
$127,004,443.02 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 June 30, 1904, was
12,195,271.196 standard ounces, of the value of $226,888,758.10, against
8,583,900.733 standard ounces, of the value of $159,700,469.94, reported
the previous year.
The deposits of domestic bullion amounted to 4,716,327.716 standard
ounces, of which 1,349,071.042 standard ounces were in a crude condition direct from the miners operating in the various States; 833,357.508
standard ounces of refineiy bars (less than 0.992 in fineness) and
2,533,899.166 standard ounces of refined bullion (0.992 in fineness and
over) were received from private refineries, bromide, chlorination,
and cyanide works.
UNCURRENT DOMESTIC GOLD COIN FOR RECOINAGE.

Uncurrent and mutilated domestic gold coin received for recoinage
contained 116,090.254 standard ounces, of the coining value in new
coin of $2,159,818.57. Of this amount 37,505.364 standard ounces
were received over the counter and 78,584.890 standard ounces were
received on transfers from the Treasury.



293

DIRECTOR OF THE MINT.

The face value, denominations, and loss on recoinage of the coin
referred to are shown in the following table:
Face value.
Denomination,

Tran.sferred
from T r e a s u r y ,

Purchased
over counter.

$544,720.00
377,420.00
538,030.00
81.00
. 13,077.60
63.00

$185,480,00
342,750.00
160,170.00
132,00
15,245.00
301.00
250.00

$730,200.00
720,170.00
698,200.00
213.00
28,322.60
364.00
260.00

1,473,39L50
1,462,044.46

704,328,00
697,774,11

2,177,719.60
2,169,818.57

11,347.04

6,553,89

17,900,93

Double eagles
Eagles
Half eagles
T h r e e - d o l l a r pieces
Quarttjr e a g l e s
i
Dollars
Dollars, Louisiana P u r c h a s e Exposition .
Total
Coining v a l u e .
Loss .

DEPOSITS

OF

FOREIGN

GOLD

BULLION.

Foreign gold bullion containing 1,978,119.663 standard ounces, of
the value of $35,802,224.39, was also received, of which 1,016,281.944
standard ounces were unrefined and 961,837.719 standard ounces were
refined previous to its receipt at the mint from various countries, as
shown by the following table:
Unrefined.
Country of production.

Canada:
British Columbia
Klondike, Northwest Territory
Ontario and Quebec
Manitoba
. .
Nova Scotia
Mexico
Central America
South America..
Westlndies
British Guiana
French G u i a n a . . . KTibet
Great Britain
Australia

Standard
ounces.

Refined.

Coining
value.
$1,185,960.05
11,678,503,03
143,881,97
846,90
274,134, 74
3,631,140,69
902,649,34
907,861,66
3,339,81
240,37
1,194,40
47,00
177,657,41
212,89

1,016,281.944

Total

63,745.455
627,719,538
7,733,656
45.467
14,734.742
195,173.812
48,517.402
48,797.558
179.615
12.920
64.199
2.526
9,643.711
11.443

18,907,669.15

:..

Coining
value.

Standard
ounces.
2,974.836

$55,345.79

644.869
5.502
1,194.382

10 137 10
102.36
22 221 06

957,118,130

17,806,848.93

961,837.719

17,894,665.24

DEPOSITS OF FOREIGN GOLD COIN.

Foreign gold coin containing 2,480,712.133 standard ounces, of the
coining value in United States money of $46,152,783.87, was deposited.
The following table shows the countiy of coinage and amount of
such deposits:
C o u n t r y of c o i n a g e .
Great Britain . . .
Spain
Japan
France
Germany
Kussia
West Indies
Central America
South A m e r i c a . .
Mexico
Mixed coins
Total




standard

Coining v a l u e .

533,470.769
20,812.228
1,849,295.416
6,212.637
870.755
473.402
12.628
2,937. 692
130.549
35,786.678
30,709.379

1,925,037.56
387,204.24
[, 405,496.11
115,583. 95
16,200.09
8,807.48
234.94
54,664.74
2,428.82
665,798. 66
571, 337.28

0,712.133

46,162,783.87

294

REPORT ON T H E F I N A N C E S .
DEPOSITS OF J E W E L E R S BARS.

Jeweler's bars and old plate containing 262,995.091 standard ounces,
of the value of $4,892,930.88, were deposited.
REDEPOSITS OF GOLD BULLION.

The redeposits contained 2,641,026.339 standard ounces, of the value
of $49,135,373.76, as shown by the following table:
Fine bars deposited a t Bars manufactured a t -

.

New York.

Total.

Standard
ounces.

Philadelphia
NewYork
Denver
St. Louis

Philadelphia.

Standard
ounces.

Standard
ounces.

6,022.947

Total

19,892.407

Standard
ounces.
810,998,136

5,028.731
6,880.925
7,982.751

5,022,947

5,784
6,880.926
7,982.751
14,869.460

Mint bars
deposited at
New York,

810,998,136

Unparted bars deposited a t -

Unparted
bars manufactured
Philadelat—
phia.

San Francisco.

New
York.

Denver.

Charlotte.

Helena.

Seattle.

Total,

Stand, ozs. Stand, ozs. Stand, ozs. Stand.ozs. Stand.ozs. Stand.ozs. Stand, ozs. Stand, ozs.
Carson
9,946.156
9,946 166
Denver
700,324.223
77.271 Ul. 519
700,099.433
59,160.827
Boise
59,160,827
Helena
280 451
136,174.303
135,893,852
12,848. 045
15.722
Charlotte .. 12,832,323
9,211,795
st, Louis
9,211.795
51,531.572
565.567
Deadwood . 50,966,005
355.125 830,938.876
Seattle
830,583.750
Total . . . . 968,164 235 840,529.906

642.838

147 619

16.722

280 451

355 125 1,810,135.796

RECAPITULATION OF GOLD DEPOSITS.
AVEIGHT OF THE ORIGINAL DEPOSITS AND REDEPOSITS OP GOLD BULLION AT THE MINTS
AND ASSAY OFFICES OF THE UNITED STATES DUKING THE FISCAL YEARS 1903 AND
1904 AND THE INCREASE OR DECREASE OF THE SAME DURING THE LATTER YEAR.
Fiscal year.
Classification of deiDOsits of gold.

1903.

1904. .

Increase 1904. Decrease 1904.

O R I G I N A L DEPOSITS.

Total original deposits

Standard ozs.
1,394,804.149
863,874.233
2,928,965 460

Standard ozs.
1,349,071.042
833,357. 508
2,533,899 166

Standard ozs.

32,94L509
18,707 291

37,605.364
78,684.890

698,766 432
179,028 089
• 481,094 499
228,307, 625

1,016,281.944
961,837.719
2,480,712.133
262,995.091

6,826,489 287

9,554,244 857

3,199,071.696

19,892 407
1,810,135 796
810,998.136

Standard ozs.
45,733.107
30,516.725
395,066.294

4,563.855
59,877.599
317,515,512
782,809,630
1,999,617.634
34,687.466

9,776 569
1,747,634 877

Domestic:
Unrefined
Refinery bars
Refined bullion
Domestic coin:
Purchased . .
. . . .
Treasury transfers
Foreign bullion:
Unrefined
Refined
Foreign coin
Jewelers' bars old Dlate etc

10,115.838
62,500. 919
810.998.136

471,316.126

REDEPOSITS.

Fine bars
Unparted bars
Mint bars
Total redeposits.

.

Total gold operated upon




1,757,411 446

2,641,026.339

883,614. 893

8,583,900.733

12,195,271.196

4,082,686.589

471,316.126

filfiiECTOR

295

OF T H E MINT.

VALUE OF THE ORIGINAL DEPOSITS AND REDEPOSITS OP GOLD BULLION AT THE MINTS
AND ASSAY OFFICES OF THE UNITED STATES DURING THE FISCAL YEARS 1903 AND
1904 AND THE INCREASE OR DECREASE OF THE SAME DURING THE LATTER YEAR.
Fiscal year.
Classification of d e p o s i t s of g o l d .

J n c r e a s e 1904.- D e c r e a s e 1904.
1903.

ORIGINAL

1904.

^25,949,838.76
16,072,078.72
54,492,380.64

$25,098,990.95
16,504,326,62
47,142,310,06

612,865.33
348,042.62

697,774,11
1,462,044.46

$84,908.78
1,114, OOL 84

13,000,303.78
3,330,755,24
8,950,595.28
4,247,582.65

18,907,569.15
17,894,655.24
46,162,783.87
4,892,930,88

6,907,265.37
14,563,900.00
37,202,188.59
645,348.23

127,004,443.02

177,753,384,34

59,517,612.81

181,889.65
32,514,137.27

370,091,30
33,676,945.02
, 15,088,337,44

188,201.65
. 1,162,807.75
15,088,337,44

DEPOSITS.

Domestic:
Unrefined
Refinery bars
Refined b u l l i o n
Domestic coin:
Purchased
Treasurv transfers
Foreign bullion:
Unrefined ..
Refined
F o r e i g n coin
Jewelers' bars, old plate, etc
Total original deposits

.
.•

$850,847.81
567 753 10
• 7,350,070.58

8, 768, 671.49

REDEPOSITS.

Fine bars
Unparted bars . . .
Mint bars

32,696,026.92

Total redeposits
Total gold operated u p o n

49,135,373.76

16,439,346.84

159,700,469,94

226,888,758.10

75,966,959.65

DEPOSITS AND PURCHASES OF

8,768,671.49

SILVER.

Silver is coined in the United States on Government account only.
Deposits of silver bullion are received by the mints and assa}^ offices
to be returned to tbe depositors in fine or unparted bars with the weight
and fineness stamped thereon. These deposits are confined almost
exclusively to the assay office at New York, and the bars when returned
to the depositor are sold for use in the arts, or exported.
The deposits and purchases of silver at the United States mints and
asaay offices during the fiscal year 1904 were as follows:
Items.
Silver contained in gold deposits
For Philippine coinage
Uncurrent coin, including Hawaiian and Porto Rican
For return in fine bars
For foreign coinage
Total

standard
ounces.
630,313.84
10,048,132.04
2,300,426.71
6,691,430.60
459,030.66
20,129,333.65

Included in silver " f o r Philippine coinage" is 2,844,708.54 standard
ounces uncurrent old Spanish coins for recoinage.
In the above purchases and deposits the bullion of domestic production amounted to 11,101,318 standard ounces, and that of foreign production to 1,513,001.95 standard ounces.




296

REPORT OK THE FINAKCES.

The face value and denominations of uncurrent and mutilated
domestic silver coins received for recoinage were as shown by the
following statement:
Face value.
Denomination.

Transferred Purchased over|
from Treasury. the counter.

Trade dollars
standard dollars
Half dollars
Quarter dollars
• Twenty-cent pieces.
Dimes
Half dimes
Three-cent pieces

$204.00
1,304.00
860.00
486.00
3.20
201.60
31.85

2,828,384,90

$204.00
1,304.00
1,249,366.50
874,212.75
358.80
704,490.60
1,441.70
107. 04

3,100,49

$1,248,606.50
873,726,75
365.60
704,289.00
1,409.85
97.20

Total .

Total.

2,831,485.39

The Hawaiian silver coin received for recoinage was of denominations and value as follows:
Face value.

Denomination.
Dollars
Half dollars
Quarter dollars..

.

.

.

.

.

.

"

Total

$112,740.00
66,401.00
20,171.75
199,312. 76

The origin of the foreign silver bullion deposited is shown b}'' the
following statement:
Refined.
Country of production.

British Colnmbia
Northwest Territory
Ontario and Quebec
Manitoba
......
Nova Scotia
Mexico
Central America
South America
West Indies
A ustralasia
British Guiana
French Guiana
Tibet

Standard
ounces.

Unrefined.

Coining
value.

123,920.40 $144,198.28
.'
769.13

894.99

:..
•-

Total

124, 689. 53 145,093.27

Coining
value.

Standard
ounces.
17,012.61
147,439.15
1,612. 94
3.99
978. 66
1,148,299:02
59,510.63
13,446.13
4.41
L38
.68
2,56
.26

$19,796,49
171,565.56
1,876.87
4 65
1,138.80
1,336,202.49
69,248. 73
15,646.40
5 14
1.61
79
2 98
.30

1,888,312.42

1,616,490.81

The foreign silver coins deposited were from the following countries:
Country of coinage.
Spain
France
Germany
Russia
West Indies
,...
Central America
South America
Mexico
Grenada
Mixed and unknoAvn
Total




standard
2,846,415.29
,04
,03
.14
5,412.33
1,076.68
21,286.21
1,581,991.37
2 89
24,036*. 09
4,480,220,97

Coining value.
i 312,192.34
,
.05
,03
,16
6,297,99
1,252,75
24,769.41
,840,862.69
3.36
27,969.27
6,213,348,06

DIRECTOR OF THE

297

MINT.

Jew^elers'bars, old plate, etc., containing 724,119.47standard ounces
were deposited.
The redeposits of silver contained 528,823.73 standard ounces, as
shown by the following table:
F i n e b a r s d e p o s i t e d at—
B a r s m a n u f a c t u r e d at—

San Francisco.

Philadelphia.

New York.

Mint bars at
Philadelphia,

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.
2„634.85
2, 634,85
79,469,78
78,176.23
Ill,983.51
1,293.65

San F r a n c i s c o
NCAV Y o r k

Total

2,634.85

1,293.55

78,176,23

82,104,63

111,983.51

Unparted bars deposited a t Bars manufact u r e d at—

San Francisco.

Standard
ounces.
Carson
Denver
Boise
Helena
Charlotte
St. L o u i s
Deadwood
Seattle

Philadelphia.

Standard
ounces.
4,877,56

93,008.62
19,380.04
24,632.15
2,077.98
653.72
22,886,88

New
York.

Denver,

Char. lotte.

Total,
Helena.

Standard Standard Standard Standard Standard
ounces.
ounces.
ounces.
ounces.
ounces.

286.80

6,86

162,639.39

Standard
ounces.
4,877,56
93,085.26
19,380.04
24,777.88
2,079.80
653 72
24,006.75
165,874. 58

286.80

334,735.59

69,78
145.73
L82

1,119,87
165,687,78

Total

Seattle.

170,465,34

1,126,73

69,78

L82

146,73

RECAPITULATION OF SILVER DEPOSITS.
W E I G H T 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 Y E A R 1903 AND 1904,
AND THE INCREASE OR DECREASE OF THE SAME DURING THE LATTER Y E A R .
Fisca I year.
Classification of d e p o s i t s of silver.
1903.

1904.

Increase
1904.

Decrease
1904,

ORIGINAL DEPOSITS.

Domestic:
Unrefined
Refinery bars
Refined bullion
Domestic coin:
Purchased
.
. .
Treasury transfers
Trade dollars purchased
Counterfeit coin
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
P h i l i p p i n e special assay c o i n s
.
Foreign bullion:
Unrefined
. .
Refined
F o r e i g n coin
Jewelers' bars, old plate, etc

S t a n d a r d ozs.
460,767.77
147,964.80
13,306,411.48

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.
427,086.04
33,681.73
102,818.23
45,146.57
10,671,413.73
2,734,997.76
2,322.49
2,134,843.76
177.31
342.21
166,319.92
7,667.67

7,667,57

1,233,83L62
16.69
24,298.22
696,786,27

1,388,312. 42
124,689.53
4,480,220.97
724,119.47

154,480,80
124, 672,94
4,465,922.75
27,333,20

18,661,089,59

20,129,333.65

4,770,419,47

7,228,489.52
154,902.81
43,42L24
310,810,02

82,104,63
111,983,61
334,735,59

23,925,57

7,737,623.59

628,823,73

23,925,57

7,232,726,43

26,398,713.18

20,658,157. 38

4,794,346.04

10,534,900.84

3,284.20
2,274,624.68
219. 37
612,984.69

961.71
139,680. 92
42.06
342,21
347,664.67

3,302,175.41

REDEPOSITS.

Fine bars
Mint bars
Standard bars
Unparted bars
Total redeposits .
Total silver operated upon




•

7,146,384.89
42,919.30
43,421.24

298

REPORT ON T H E FlNANCEc^.

COINING VALUE OF THE ORIGINAL DEPOSITS AND REDEPOSITS OF SILVER BULLION AT
THE MINTS AND ASSAY OFFICES OF THE UNITED STATES DURING THE FISCAL YEARS
1903 AND 1904 AND THE INCREASE OR DECREASE OF THE S A M E D U R I N G THE L A T T E R
YEAR.
Fiscal year.

Increase
1904.

Classification of d e p o s i t s of silver.
1904.

1903,

Decrease
1904.

ORIGINAL DEPOSITS.

Domestic:
Unrefined..
.
.
Refinery b a r s
Refined b u l l i o n
Domestic coin:
Purchased
Treasury transfers
Trade dollars purchased
Counterfeit coin
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
P h i l i p p i n e special assay c o i n s
Foreign bullion:
Unrefined
Refined
Foreign coin
Jewelers' bars old plate, e t c .

$536,166,10
172,177.21
15,483,824.27

$496,972. 79
119,643.03
12,301,281.43

$39,193. 31
52,534.18
3,182,542.84

3,82L62
2,646,719.62
255.27

2,702. 53
2,484,181.82
206.33
398.21
192,372.27
8,922.26

1 119 09
162,537 80
48.94

•

596,927.52
1,435,731.33
19.3p
28,274.28
810,805,87

404,655.25

1,615,490,81
179,759,48
145,093,27 • 146,073,97
5,213,348,05 5,186,073,77
842,611.75
31,805,88

21,714,722,39

23,423,224.55

8,411,333,26
180,250,54
' 50,526.53
361,669.83

95,539,94
130,308,09
389,510,51

9,003,780.16

T o t a l o r i g i n a l deposits

$398.21
8,922,26

615,358, 54

5,661,033,57

3 842,631 41

REDEPOSITS.

Fine bars
Mint bars
Standard bars
Unparted bars
Total redeposits
T o t a l silver o p e r a t e d u p o n

30,718,602.54

8,315,793.31
49,942.45
60,626. 53
27,840,68
27,840. 68

8,416,262.29

5,578,874.26

24,038,583.09

12,258,793. 70

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.

C h a r a c t e r of g o l d d e p o s i t e d .
Domestic
bullion.

Domestic
coin.

$28,868,569.78 $27,116,948,27
1873
1874
29,736,387.82
6,276,367,29
1875
34,266,124.62
1.714,311,50
1876
37,590,529.39
417,947.15
1877
43,478,103.93
447,339.68
1878
48,076,123.76
301,021,79
1879
38,549,705.89
198,083.17
1880
35,821,706.40
209,328.82
1881
35,815,036.56
440,776.97
1882
31,298,611.97
^ 599,356.80
1883
32,481,642.38
374,129.23
1884
29,079,596.33
263,117.17
1885
31,584,436,64
326,210.97
1886
32,456,493.64
393,645.28
1887
32,973,027.41
616,984.63
1888
32,406,306.59
492,512.60
1889 . . . . . .
31,440,778.93
685,066.87
1890
30,474,900.26
655,474,96
1891
31,565,116.85
683,847.16
1892
31,961,646.11
557,967.86
1893
33,286,167.94
792,470.43
1894
38,696,951.40
2,093,615.46
1895
• 44,.371,949.83
1,188,258.21
1896
53,910,967.02
1,670,005.53




Foreign
bullion.

F o r e i g n coin.

Jewelers'
bars, old
plate, etc.

$426,107,44
3,162,519,92
739,439,66
1,141,905.76
1,931,163.12
2,068,679,05
1,069,796,89
21,200,997,23
37,771,472,26
12,783,807,04
4,727,143,22
6,023,734,45
11,221,846,45
4,317,068.27
22,571,328.70
21,741,042.44
2,136,516.66
2,691,932,29
4,064,822.86
10,935,154,69
2,247,730.78
15,614,118.19
14,108,435.74
6,672,390,14

$618,542.14
9,313,882.47
1,111,792.26
2,111,083.80
2,093,260.73
1,316,461.09
1,498,819.71
40,426.559.63
55,462,385.74
20,304,810.78
6,906,083.80
9,095,461,45
7,893,217,77
5,673,565.04
9,896,612,28
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

$774,218,26
664,353,56
724,625.96
681,819.32
837,911,25
907,932.20
937,751,14
1,176,505.77
1,343,430.93
1,770,166.36
1,858,107.42
1,864,769.26
1,869,363,26
2,069,077,00
2,265,219,85
2,988,750,90
3,626,597.31
3,542,013.83
4,035,710.15
3,636,603,68
3,830,176,02
3,118,421.46
3,213,809,43
3,388,622.06

Total.

$57,704,385.88
49,142,611,06
38,556,293,90
41,943,285,42
48,787,778, 71
52,669,217.89
42,254,156.80
98,835,096.85
130,833,102.45
66,756,652. 95
46,347,106.05
46,326,678. 66
52,894,075.09
44,909, 749.23
68,223,072.87
72,225,497.56
42,136,435. 76
42,663,095.26
48,485,800. 82
61,131,460.04
46,449,841.50
71,909,513.31
65,161,067.28
68,769,383.81

DIRECTOR OF THE
DEPOSITS

OF

GOLD

AT U N I T E D

STATES MINTS

299

MINT.
AND

ASSAY

OFFICES SINCE

1873-

Continued.
C h a r a c t e r of g o l d d e p o s i t e d .

Fiscal
year
ended
J u n e 30—

Domestic
bullion.

Domestic
coin.

1897
1898
1899
1900
1901
1902
1903.-..:.
1904

$60,618,239,77
-69,881,120,57
76,252,487,23
' 87,458,836,23
92,929,695,86
94,622,078.39
96,514,298.12
87,745,626,63

$1,015,314,39
1,187,682.99
1,158,307.57
1,389,096.68
1,116,179,86
1,488,448.16
960,907.95
2,159,818.57

T o t a l . 1,516,202,053,13

Foreign
bullion.

F o r e i g n coin.

Total.

Jewelers'
bars, old
plate, etc.

$9,371,621.03 $13,188,013.86 $2, 810,248,66
26,477,370,06 47,210,077.84 2,936, 943,37
30,336,559,47 32,785,152.48 2,964,683,90
22,720,150,22 18,834,495.63 3,517,540.93
27,189, 659,12 27,906,489.13 3,959,656.64
18,189,416,90 13,996,162.21 4,284,724.22
16,331,058.92
8,950,595.28 4,247,582.64
36,802,224.39 46,152,783.87 4,892,930.88

•

$87,003,337.71
147,693,194.83
143,497,190,65
133,920,119,59
153,101, 080.61
132,580,829.88
127,004,442.91
177,753,384.34

68,688,443,97 398,677,113,36 453,471,561,61 80,630,267.60 2,507,669,439,67

DEPOSITS OF SILVER AT UNITED STATES MINTS AND ASSAY OFFICES SINCE

1885.

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—

Total.

Domestic
bullion.

Domestic
coin.

Foreign
bullion.

Foreign
coin.

Jewelers'
b a r s , old
p l a t e , etc.

1885
1886
1887
1888
1889
1890
1891
1892
1893 .
1894
1895
1896
'
1897
. .
1898
1899
1900
1901
1902
1903....1904

F i n e ounces.
24,943,394
25,101,639
29,293,372
28,921,649
29,606,387
29,187,136
60,667,116
66,817,548
56,976,082
15,296,815
6,809,626
4,420,770
3,914,985
2,116,690
6,584,912
4,977,978
2,466,749
1,425,060
12,523,630
9,991,187

F i n e ounces.
878,741
216,015
5,848,585
1,202,177
394,346
466,302
' 637,652
5,036,246
6,346,912
5,012,960
3,016,906
3,170, 768
2,208,953
1,243,050
6,060,986
3,587,992
2,613,670
2,275,090
a 2,611,911
b 2,072,397

F i n e ounces.
1,627,619
1,146,017
1,127,213
1,290,390
1,063,900
1,852,155
1,767,908
1,566,618
1,738,711
994,901
1,362,141
680,757
626,086
209,987
716,077
1,088,019
1,306,149
1,152,023
1,110,463
1,361,701

F i n e ounces.
867,856
628,645
271,166
67,549
328,276
951,162
1,970,912
349,652
505,171
422,725
15,291
150,942
101,167
6,808
19,382
44,704
4,260,196
29,265
21,869
c 4,039,100

F i n e ounces.
336,981
361,316
396,666
486,190
602,223
526,270
633,073
672,661
682,728
467,958
680,125
604,386
473,766
249,468
484,761
567,831
567,647
575,430
627,108
652,015

F i n e ounces.
28,454,691
27,452,532
36,936 992
31,966,955
31,896,132
32,983,024
55,676,661
64,332,725
66,149,604
22,195,359
11,783,088
9,027,623
7,324,936
3,826,003
12,866,108
10,266,524
11,204,311
6,456,868
16,794,981
18,116,400

Total

401,042,724

53,600,568

23,777,834

16,041,728

10,237,572

603,700,416

aincludes 461,686 fine ounces Hawaiian coin.
& Includes 148,788 fine ounces Hawaiian coin,
cIncludes 6,901 fine ounces Philippine special assay coins.
C O I N A G E O F T H E U N I T E D STATES.

The following table exhibits the domestic coinage during the fiscal
year by denominations, pieces, and value:
DOMESTIC COINAGE OF THE MINTS OF THE UNITED STATES DURING THE FISCAL Y E A R

1904.
Denomination.
Gold:
Double eagles
Eagles
Half e a g l e s
Quarter eagles
Total




Pieces.

.•

....

Value.

9,858,489
743,552
726,998
151,341

$197,169,780.00
7,435,520.00
3,634,990.00
378,352.50

11,480,380

208,618,642.50

300

E E P O E T ON T H E FINANCES.

DOMESTIC COINAGE OF THE MINTS OF THE UNITED STATES,

ETC.—Continued.

Pieces,

Denomination.
Silver:
Standard dollars
Half dollars
Quarter dollars .
Dimes

Value,

10,101,660
4,462,675
12,717,984
23,083,976

$10,101,650,00
2,231,337,50
3,179,496.00
2,308,397,50

Total

60,366,284

17,820,881.00

Minor:
5-cent nickels
1-cent bronze

22,349,129
64,517,160

1,117,456.45
646,171.60

Total

:.

86,866,289

1,762,628.05

148,712,953

Total coinage

228,202,161.65

All the standard silver dollars embraced in the above table were
coined from the balance of the silver bullion on hand purchased under
the actof July 14,1890, and contained 8,681,105.46 standard ounces of
silver, costing $7,069,154.63. The seigniorage or profit on this coinage
was $3,032,495.37, which has been deposited in the Treasuiy of the
United States.
Of the subsidiary coinage made during the year $1,670,330 were
from bullion received from the Treasury for recoinage and $573.75
from silver bullion purchased under the provision of section 3526 of
the Revised Statutes; $5,643,000 under the act of July 14, 1890;
$405,000 from Hawaiian coins redeemed and melted, and $327.25 from
Porto Rican coins redeemed and melted.
The loss on the recoinage of $2,177,719.50 in worn and uncurrent
gold coins w^as $17,900.93, and the net loss on the recoinage of
$2,831,485.39 in w^orn and uncurrent silver coins was $172,271.01, for
which the Treasury of the United States w^as reimbursed from the
appropriation for that purpose. On the transfer from the Treasury
of $199,312.75 in Hawaiian coin there was a gain of $6,373.
In addition to the above the mints at Philadelphia and San Fran-.
cisco coined for the Philippines the following:
Number of
pieces.

Denomination.
Pesos
50 centavos
20 centavos
10 centavos
6 centavos
1 centavo
5 centavo.
Total

.

-

,
.

.. . .

.

9,789,480
2,121,410
6,344,973
6,334,502
7,347,358
22,322,408
14,650,358
67,910,489

The mint at Philadelphia also made the following coinage:
For Venezuela, 200,000 five-bolivar, 500,000 two-bolivar, 800,000
one-bolivar, 200,000 half-bolivar, and 400,000 quarter-bolivar, in all
2,100,000 pieces.
For Costa Rica, 630,000 two-centimo pieces.
The number of pieces of domestic coin manufactured by the mints
of the United States during the fiscal years 1903 and 1904, and the




301

DIEECTOE OF T H E MINT.

increase or decrease in the number of pieces coined in the last year
named, is shown in the following table:
F i s c a l year—

Increase
1904.

Classification of c o i n a g e .
1904,

1903,

Gold coin
Silverdollars.
S u b s i d i a r y .o.ilver c o i n s
Minor coins
Total

Pieces.
5,135,112
17,972,785
40,148,523
121,322,218

.

Pieces.
6, 345,268

184,578,638

...

Pieces.
11,480,380
10,101,650
40,264,634
86,866,289
148,712, 953

6,461,379

Decrease
1904.

Pieces.
7,871,135

116, 111
34,456,929
42,327,064

The value of ^the domestic coinage manufactured by the mints of
the United States during the fiscal vears 1903 and 1904, and the increase
or decrease in the nominal value of the coinage during the years named,
is shown by the following table:
Fiscal year—
Classification of c o i n a g e .

I n c r e a s e 1904,
1903,
$46,721,773,00
17,972,785.OD
8,023,751.26
2,484,691,18

$208,618,642.60
10,101,650.00
7,719,231.00
1,762,628.05
228,202,151.55

162,896,869.60

Decrease
1904,

$162,896,869,60

74,203,000,43

Gold c o i n
Silver dollars
Subsidiary silver coins
Minor coins .

1904,

Total

$7,871 135,00
304, 520,25
722,063,13
8,897,718,38

The number of silver dollars coined from bullion purchased under
the act of July 14, 1890, from August 13, 1890, to June 30, 1904,
aggregated 187,027,035 pieces, containing 144,653,722.68 ounces of
fine silver, costing $134,192,285.02, giving a seigniorage of
$52,834,749.'98.
All profits on the coinage of silver dollars are deposited each month
in the Treasuiy of the United States.
The aggregate number of silver dollars coined from March 1, 1878,
to June 30, 1904, under the provisions of the acts of Februarv 28,
1878, July 14, 1890, and March 3, 1891, was $570,272,300, as shown by
the following table:
COINAGE OF SILVER

DOLLARS.

Coinage under act of—
Feb, 28, 1878 (Bland-Allison)
From July 14, 1890, to repeal of the purchasing clause of the Sherman
Act, Oct, 31, 1893
$36,087,285
From Nov, 1, 1893, to J u n e 12, 1898
:
-•
42,139,872
Coined under the war-revenue bill approved J u n e 12, 1898
108,799,878
Total nnder act of July 14, 1890
Mar. 3, 1891 (recoinage of trade dollars)
Total

;

$378,166,793

187,027,035
5,078,472
570,272,300

There are exhibited in the appendix tables showing, by denominations and values, domestic coins manufactured during the fiscal 3^ear,
and also tables of the total coinage by denominations, institutions, and
years from the establishment of the Mint in 1792.
The following tables exhibit the number of fine ounces and value of
gold and silver coinage of the United States, by calendar and fiscal
years, since 1873,




302

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

COINAGE OF GOLD AND SILVER AT THE MINTS OF THE UNITED STATES SINCE
BY CALENDAR YEARS.
Silver.

Gold.
C a l e n d a r years—

Value.

Fine ounces.
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886 .
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903

:..

-

Fine ounces.

Coining
value.

$57,022,748
35,254,630
32,951,940
46,579,453
43,999,864
49,786,052
39,080,080
62,308,279
96,850,890
65,887,685
29,241,990
23,991,756
27,773,012
28,945,542
23,972,383
31,380,808
21,413,931
20,467,182
29,222,005
34,787,223
56,997,020
79,546,160
59,616,358
47,053,060
76,028,485
77,985, 757
111,344,220
99,272,942
101,735,188
47,184,932
43,683,970

3,112,891
5,299,421
11,870,635
18,951,777
21,960,246
22,057,548
21,323,498
21,201,232
21,609,970
21,635,469
22,620, 701
22,069,935
22,400,433
24,817,064
27,218,101
25,543,242
27,464,465
30,320,999
21,284,115
'9,777,084
6,808,413
7,115,896
4,407,055
17,858,594
14,298, 769
17,815,385
20,156,967
28,072,162
23,851,621
23,224,910
15,371,636

$4,024,748
6,851,777
15,347,893
24,503,308
28,393,045
28,618,850
27,569,776
27,411,694
27,940,164
27,973,132
29,246,968
28,634,866
28,962,176
32,086,709
35,191,081
33,025, 606
35,496,683
39 202,908
27,518,857
12 641,078
8,802,797
9,200,351
6,698,010
23,089,899
18,487,297
23,034,033
26,061,620
36,295,321
30,838,461
30,028,167
19,874,440

1,601,365,545

581, 510,'224

751,851,615

2,758,475
1,705,441
1,594,050
. 2,253,281
2,128,493
2,408,400
1,890,499
3,014,163
4,686,162
3,187,317
1,41.4,681
1,160,601
1,343,519
1,400,240
1,159,664
1,518,046
1,035,899
990,100
1,413,614
1,682,832
2,757,231
3,848,045
2,883,941
2,276,192
3:677,878
3,772,561
5,386,277
4,802,328
4,921,439
2,282,571
2,113,212
77,466,052

Total

COINAGE OF GOLD AND SILVER AT THE MINTS OF THE UNITED STATES SINCE
BY FISCAL YEARS.

1873 .
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892 .
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
Total




. .

.

...

1,706,187
2,440,166
1,623,173
1,846,907
2,132,283
2,564,151
1,982,742.
2,716,630
3,808,761
4,325,376
1,738,449
1,351,250
1,202,657
1,648,493
1,083,276
1,372,117
1,235,687
1,065,302
1,169,830
1,717,650
1,463,095
4,81.2,099
2,126,282
2,848,247
3,465,909
3,126,712
5,233,071
5,221,458
4,792,304
2,998,313
2,211,791
10,091,929
87,090,781

1873,

Silver.

Gold.
Fiscal years—
Fine ounces.

1873,

Value.
$35,249,337
50,442,690
33,653,965
38,178,963
44,078,199
52,798, 980
40, 986, 912
66,157,735
78.733.864
89,413, 447
35,936,928
27,932,824
24,861,123
34,077,380
22,393,279
28,364,171
25,543,910
22,021,748
24,172,203
35,506,987
30,038,140
99,474,913
43,933,475
58,878,490
71,646,706
64.634.865
108,177,180
107,937,110
99,065,715
61,980,572
45,721,773
208,618,642
1,800,512,225

Fine ounces.
.

Coining
value.

2,278,388
4,627,941
7,788, 800
14,793,154
22,081,690
21,881,185
21,059,066
21,611,729
21,385,521
21,488,715
22,302,434
22,254,417
22,312,868
23,220,410
26,580,327
26,402,1.36
26,695,618
28,474,749
29,601,015
11,593,270
9, 715,099
4,659,882
7,014,677
8,848,621
18,816,023
12,750,56921,440,916
24,109,465
27,275, 659
23.293,127
20,106,696
13,783,338

$2,945,796
5,983,601
10,070,368
19,126,502
28,549, 935
28,290,825
27,227,883
27,942,437
27,649,^67
27,783,389
28,835,470
28,773,388
28,848,960
30,022,348
34,366,484
34 136,095
34,515, 546
36,815,837
38,272,020
14,989,279
12,560,936
6 024 898
9,069,481
11,440,641
24,327,787
16,485,584
27,721, 587
31,171,833
35,265,498
30,116,369
25,996,536
17,820,881

590,247,404

763,148,160

DIEECTOE OF THE

303

MINT.

EECOINAGE OF STANDAED SILVEE DOLLAES,

No mutilated or uncurrent standard silver dollars were transferred
'from theTreasury to the mints for recoinage during the fiscal year
1904. There were, however, purchased as bullion 1,304 mutilated
silver dollars, which were for use in the manufacture of subsidiary
silver coins.
The total number of mutilated and uncurrent silver dollars received
and melted at the mints and at the assay office at New York since
1883 is shown in the following statement:
Fiscal year.

Amonnt.
$621

1883
1884
1886
1886
1887
1888
1889
1890
1891
1892
1893
1894

1,850
:...

8,292
14,065
31,042
11,977
10,800
42,881
10,500
16,065

Fiscal year.
1895
1896
1897
1898
1899
1900
1901..-.
1902
1903
:
1904

Amount.
$18,580
2,034
1,898
1,366
1,734
1,341
1,786
1,893
1,777
1,304

'

Total

180,786

EECOINAGE OF UNCUEEENT COIN.

The condition of the current coins has been materially improved by
the extensive recoinage of recent years.
The follow^ing table show^s the face value of abraded subsidiary coin
transferred for recoinage, the amount of new coin made therefrom, and
the loss and percentage of loss for each fiscal year since 1891:
KESULTS OF RECOINAGE OF UNCURRENT SUBSIDIARY

Fiscal y e a r .
1891
1892
1893
1894
1895
1896
1897
1898
1899 .
1900
1901
1902
1903
1904

.

...

SILVER

COIN.

Total

New coin.

Loss.

$910,046.69
7,11.8,602.78
7.618.198.25
7,184,472.17
4,361,761.36
4,627,141.46
3,197,998.60
6,109,772.32
8.584.304.26
5,261,070.35
• 3,832,280.69
3,333,437.06
3,008,747.98
2,828,384.90

.

Face value.

$861,680.41
6, 937,886.02
7,381,289.58
6,924,763.05
4,161,820.73
4,377,268.40
3,048,861.64
5,820,159.16
8,098,486.18
4,950,088.96
3,613,021.59
3,141,548.04
2,829,890.712,656,104.21

$48,366.28
180 716,76
236,908,67
259,719,12
199,940. 63
249,883.06
149,136.86
289,613.16
485,819.08
310,981.39
219,259.10
191,889,02
178,857.27
172,280.69

67,976,218.77

64,802,847.68

3,173,371.09

The results of recoinage of Hawaiian silver coin to June 30, 1904,
has been as follows:
Fiscal year.

1903
1904

...
Total




Coining
valiie i n
Face value. United States
subsidiary
coin.

Gain.

$619,000.00
199,312.75

$638,239,00
205,685.75

$19,239
6,373

818,312.75

843,924.75

25,612

304

EEPOET ON T H E

FINANCES.

BAES MANUFACTUEED.

During the fiscal year 1904 there were manufactured by the mints
and assay offices of the United States gold and silver bars of the value
of 1112,730,432.24, as follows:
Standard
ounces.

Value,

5,837,424.434
3,546,808.400

$108,603,237.06
4,127,195.18

Description.
Gold
Silver
Total

.

112,730,432.24

Tables will be found in the appendix showing in detail the character
of bars manufactured at each institution during the year.
WOEK OF THE GOVEENMENT EEFINEEIES.

There were received and operated upon by the refineries connected
with the mints at Philadelphia, San Francisco, and New Orleans and
the assay office at New York, during the fiscal year 1904,.gold bullion
containing 3,617,493.033 standard ounces and silver bullion containing
7,977,216.78 standard ouncesof the total coining value of 176,584,774.28
as shown by the following table:
Gold.
Institution,

Phil.adelphia
San Francisco
New Orleans
New York
Total

Silver.

standard
ounces.

Value.

standard
ounces.

1,600,396,879
1,121,969,377
39,614.017
865,522,760

$29,774,825.66
20,873,662.82
737,004.97
16,916,702.60

2,765,979.64
2,232,670,53
96,362.72
2,892,202.89

3,617,493.033

67,302,196.94

7,977,216.78

Coining value.

Total value.

$3,206,958.12 $32,981,783,77
2,598,016. 61 23,471,679,43
112,131.16
849,136,13
3,365,472. 45 19,282,174,95
9,282,578.34

76,684,774,28

SILYEE BULLION ON WHICH CHAEGES WEEE COLLECTED.

In order to show the amount of the above-mentioned silver bullion
treated by the Government refineries on which charges were received
and the amount handled for parting purposes the following table is
presented:
Silver bullion refined.

Philadelphia. .

San FranNew Orleans. New York.
cisco.

Total.

Standard ozs. Standard ozs. Standard ozs. Standard ozs. Standard ozs.
Bullion oh which charges were
collected
296,267,52
12,065,16 2,803,326,33 3,410,015,04
298,356.03
Silver owned by the Government returned by the refinery for parting purposes,
on which there were no
charges
?. 2,457,623,61 1,936,403,01
777,108.11 5,255,432.29
84,297,56
Total

, 2,765,979,64

2,232,670,63

96,362,72

3,580,434.44

8,665,447.33

The figures given above represent the amount'of silver received by
the melter and refiner and charged to the refinery, but as it was used
over and over it does not represent the whole amount of silver used or
sent to the refinery.




305

DIEECTOE OF THE MINT.
PUECHA8E OF SILYEE.

The repeal on November 1, 1893, of the purchasing clause of the act
of July 14, 1890, limited the purchase of silver bullion to that contained in deposits of gold bullion, fractions of silver deposited for
return in fine bars, the amount retained in payment for charges on
silver deposits, surplus bullion returned by the operative offices at
the close of the fiscal year, and uncurrent domestic silver coin.
The following table shows the amount and cost of silver bullion purchased for the subsidiary silver coinage during the fiscal year ended
June 30, 1904:
SILVER PURCHASES FOR SUBSIDIARY COINAGE DURING THE FISCAL Y E A R 1904.

Stock.
Partings, charges, and fractions purchased
Hawaiian coins redeemed and melted
Porto Rican coins redeemed and melted . .
Melted assay coins pnrchased
Mutilated coins purchased
Surplus bullion purchased.
Total

standard
ounces.

Cost.

730,766.60 $362,150,21
199,3.12,75
166,319,92
263.03
203,29
787.32
659,25
1,801.93
886.03
16,026.49
32,898.73
931,709.46

679,366,09

QUANTITY AND COST OF SILVER PURCHASED FOR SUBSIDIARY COINAGE AT EACH M I N T
AND AT THE AsSAY O F F I C E AT N E W Y O R K DURING THE FiSCAL Y E A R 1904.

Mint at Philadelphia
Mint at San Francisco...
Mint at New Orleans
Assay office at New York
Total

PI 1904-

-20




Standard
ounces;

Cost.

306,132.67
427,234.96
18,620,64
179,721,39

$155,406,63
325,910,60
9,42L13
88,626,73

931,709,46

Institution.

679,366.09

306

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

In the following table are shown the amount and cost of silver for
the subsidiary coinage, the sources from which the metal was obtained,
the coinage derived, and seigniorage on same during the fiscal year
1904:
QUANTITY AND COST OF SILVER OBTAINED BY TRANSFER AND PURCHASE FOR SUBSIDIARY SILVER COINAGE, AMOUNT AND COST USED IN COINAGE, COINAGE DERIVED
THEREFROM, AND SEIGNIORAGE ON SAME DURING THE FISCAL Y E A R 1904.
MINT A T PmLADELPHIA,

Sources from which bullion was obtained.

Standard
ounces.

Cost,

Used in
coinage,
standard
ounces.

Cost,

Coinage,

Seigniorage,

Silver bullion on hand July
1, 1903
679,878.43 $381,606,67
Uncurrent coins transferred from Treasury
1,651,854.07 2,066,183,92 724,178.75 $901,000,00 $901,000.00
Amount transferred from
act of July 14,1890, under
act of Mar. 14, 1900
Amount transferred from
actof July 14,1890, under
actof Mar. 3, 1903
2,828,396.25 2,303,205,64 2,828,396.25 2,303,205.64 3,619,000,00 $1,215,794,36
Porto Rican coins redemed
203.29
and melted
. 263.03
123.96
263.03
327,25
203.29
Partings, charges, and
235.62
338.13
fractions purchased
291,795.72
461.15
673.75
147,723,44
Melted assay coins purchased
669.26
787.32
1,492,68
Mutilated coins purchased.
731,58
11,921,99
Surplus bullion purchased.
5,961.00
Total
:
5,466,261,32 4,895,402:86 3,553,299.18 3,204,644.55 4,420,901,00 1,216,256.45
Used in coinage, fiscal year
• 1904
3,553,299,18 3,204,644.66
Sold in sweeps
6,657,91
3,363.97
Wasted by operative officers
9,059,93
4,633.40
Balance on hand June 30,
1904
1,897,344,30 1,682,770.94
Total.

5,466,261.32 4,896,402.86

MINT AT SAN FRANCISCO.
Silver bullion on hand July
1,1903
Uncurrent coins transferred from Treasury
Amount transferred from
act of Jul y 14,1890, under
act of Mar. 14, 1900
Amount transferred from
actof July 14, 1890, under
act of Mar. 3,1903
Hawaiian coins redeemed
and melted, act Jan. 14,
1903
Partings, charges, and fractions purchased
Mutilated coins purchased.
Surplus bullion purchased.
Total
Used in coinage, fiscal year
1904
Sold in s w e e p s . . .
Wasted by operative officers
Balance on hand June 30,
1904
Total




408,861,09

$329,086,08

64,982.39

80,849,00

21,162,74

$26,330.00

$26,330.00

•

165,319,92

199,312.76

245,878,33
114.00
15,922.71

119,003.43
57.00
7,537.42

901,068.44

735,845.68

346,681.49
6,761.44
3,585, 75

418,438.50
2,694.29
1,697.36

545,039,76

313,015.54

901,068,44

736,846,68

326,618.75

392,108, 50 405,000,00

$12,891,50

346,681.49

418,438.50

431,330,00

12,891, 50

DIRECTOR

307

OF T H E MINT.

QUANTITY AND COST OF SILVER OBTAINED BY TRANSFER AND PURCHASE FOR SUBSIDIARY SILVER COINAGE, ETC.—Continued.

MINT A T N E W ORLEANS.
Sources from w h i c h b u l lion was obtained.

Standard
ounces.

Cost.

Used i n
coinage,
standard
ounces.

Cost.

Coinage.

Silver bullion on h a n d J u l y
^1,1903
184,980.32 $230,196.41
U n c u r r e n t coins
transf e r r e d from T r e a s u r y
520,071.29 697,186.25 $743,000.00 $743,000.00
418,007,30
A m o u n t transferred from
a c t o f J u l y 14,1890, u n d e r
a c t o f Mar.14,1900
1,707,165.00 1,390,170,13 1,707,166.00 1,390,170,13 2,124,000.00
A m o u n t t r a n s f e r r e d from
a c t of J u l y 14,1890, u n d e r
a c t of Mar, 3, 1903
P a r t i n g s , c h a r g e s , a n d frac18,402.10
tions purchased.
9,312,08
196,35
Mutilated coins p u r c h a s e d .
97,45
23,09
1L60
Surplus bullion purchased.
o
Total

2,328,773,16 2,149,857,96 2,304,351.26 2,133,170.13 2,867,000.00

Seigniorage.

$733,829.87

733,829,87

Used i n c o i n a g e , fiscal y e a r
1904
2,304,35L25 2,133,170,13
16,496.55
7,91L30
Sold i n s w e e p s
3,109.91
W a s t e d byoperativeofficers
1,576,59
B a l a n c e o n h a n d J u n e 30,
1904
7,199, 94
5,815,45
Total

2,328,773,16 2^-149,857,96

SUMMARY.
Silver b u l l i o n o n h a n d J u l y
1 1903
U n c u r r e n t coins
transferred from T r e a s u r y
Amount transferred Irom
a c t o f J u l y 14,1890, u n d e r
a c t o f M a r , 14, 1900
A m o u n t t r a n s f e r r e d from
a c t of J u l v 14,1890, u n d e r
a c t o f M a r . 3,1903
P o r t o R i c a n coins r e d e e m e d
and melted
_.
H a w a i i a n coins redeemed
a n d m e l t e d , a c t J a n , 10,
1903
P a r t i n g s , c h a r g e s , a n d fractions purchased
M e l t e d as.say c o i n s p u r chased
Mutilated coins p u r c h a s e d .
Surplus bullion purchased.
Total

1,273,709.84

$940,888,16

2,134,843, 76 2,656,104,21 1,342,627, 74 $1,670,330,00 $1,670,330,00
1,707,165,00 i; 390,170,13 1,707,166,00 1,390,170,13 2,124,000.00

2,828,396,25 2,303,205,64 2,828,396,25 2,303,205,64 3,519,000,00 1,215,794,36
263,03

203,29

263,03

203,29

327.25

123,96

165,319,92

199,312,75

325,618,75

392,108,50

405,000.00

12,891.50

566,076,15

276,038.95

461,15

235,62

573. 75

338,13

659,25
1,801.93
27,867, 79

787.32
886.03
13,510.02

8,696,102,92 7,781,106.50 6,204,331,92 5,766,253,18 7,719,231.00 1,962,977,82

Used i n c o i n a g e , fiscal y e a r
6,204,331.92 6,756,253.18
1904
27,815.90
13,959.56
Sold i n s w e e n s
15,756.69
7,907. 34
W a s t e d b y o p e r a t i v e officers
B a l a n c e o n h a n d J u n e 30,
2,448,199,61 2,002,986.42
1904
Total

$733,829,87

.

8,696,102,92 7,781,106.60

The amount and cost of silver purchased under act of July 14,1890,
the amount of such bullion consumed in the coinage of standard silver
dollars, the number of dollars coined, and seigniorage derived therefrom, from August 13. 1890 (date when law went into efl-ect), to June
30, 1904, together.with the amountof such bullion used in the coinage
of subsidiary coins under provisions of the act of March 14, 1900, and




308

E E P O E T ON THE FlINANCES.

March 3,1903, with the coinage and seigniorage on same, are exhibited
in the following table:
AMOUNT AND COST OF SILVER BULLION PURCHASED UNDER ACT OF JULY 14, 1890, AND
USED IN THE COINAGE OF STANDARD SILVER DOLLARS, AND SUBSIDIARY SILVER
COIN WASTED AND SOLD IN SWEEPS, AND SEIGNIORAGE ON SAME, FROM AUGUST 13,
1890, TO JUNE 30, 1904.
Fine ounces.

Cost.

Total amount purchased and cost of same

168,674,682.63

$155,931,002.26

Used in coinage of standard silver dollars to June 30,1904
Used in coinage of subsidiary silver to June 30, 1904
Wasted and sold in sweeps
Transferred to subsidiary silver purchase account.

144,653,722.68
18,349,451.00
63,570,37
,41

134,192,285,02
16,602,149.83
62,535.64
,25

163,066,744,46
6,607,938.07

150,856,970,74
5,074,031.51

168,674,682,63

166,931,002,26

Disposition.

.

Total amount used
Balance on hand June 30, 1904

'

Total
Disposition,

Coinage,

Standard silver dollars coined to June 30,1904
Subsidiary silver coined to June 30,1904

$187,027,035.00
25,366,443.30

Seigniorage.
$52,834,749,98
8,764,293,47

BALANCE OF SILVER BULLION PURCHASED UNDER ACT OF JULY 14, 1890,
AT E A C H M I N T J U N E 30, 1904.
Institution.

Fine ounces.

ON H A N D

Cost,

2,429,325.01
2,768,485.70
420,127,36

-

Total

$2,198,039,93
2 496 862. 67
380,128.91

5,607,938,07

Mint at Philadelphia
Mint at San Francisco .
Mint at New Orleans

6,074,031,61

BALANCES OF SILVER BULLION.

The balances of silver bullion on hand June 30, 1904, at the mints
and assay offices of the United States for the coinage of standard silver dollars, subsidiary silver coins, coinage for Philippine Islands, and
for payment of deposits of silver bullion in fine bars were as follows:
standard
ounces.

Items.

Cost,

Purchased under act of July 14, 1890
For subsidiary silver coinage
Held at United States assay office in NewYork for payment of deposits in fine bars

6,231,042,30
3,162,522.76

Total
Silver bullion for Philippine coinage

9,462,436.24
33,210.74

7,503,379.65
17,691,05

9,495,646.98

7,520,970.70

;
,

Grand total

$5,074,031,51
2,360,476.96

68,871.19

IMARKET PRICE OF SILVER DURING THE FISCAL YEAR ENDED JUNE

30, 1904.
The price of silver 0.925 fine (British standard) forthe twelve months
ending June 30, 1904, ranged from 24id. in July, 1903, to 28id. in
October the same year, the average price having been 26.1097d. At



309

DIEECTOE OF THE MINT.

the lowest price for an ounce, fine, the equivalent in United States
money with exchange at par is $0.53159; at the highest, $0.62475, and
at the average, 10.57235. The following table exhibits the monthly
fluctuations:
HIGHEST, LOWEST, AND AVERAGE PRICE OF SILVER BULLION AND VALUE OF A F I N E
OUNCE E A C H MONTH DURING THE FISCAL Y E A R 1904.

Month,

1903.
July
August
September...
October
November..
December ...
1904,
January
February
March
April
May

Jurie

Highest,

Lowest,

Average
price per
ounce,
British
standard
(0,926),

Equivalent
Average
l u e o a fine
Equivalent
m o n t h l y voau n c e fbased
Average
v a l u e of a fine p r i c e a t
monthly
on average
ounce with New York m o n t h l y price New York
exchange at
of e x a n d a v e r a g e p r i c e of fine
p a r ($4,8665), c h a n g e o n
b a r silver.
r a t e of e x London.
change.

Pence. Pence.
24i
2bk
26^
26\
27T%
21i28-^
26i27i
26,3
26/e

Pence.
24,8611
25.6009
26.7524
27,8935
27,0050
25. 7355

). 54498
,56120
.68644
.61145
,59198
,56416

$4.8676
4.8582
4.8636
4,8564
4.8396
4.8387

$0,64509
.56025
.58608
. 61064

26i
251
2h\
24/,
25i
26/,

26,4230
26,6700
26,1643
24, 9900
25,5721
25,6488

.57922
, 58463
, 57355
,54781
, 56057
. 66221

4.8555
4,8601
4,8701
4 8741
4.8700
4,8743

,67797
,58389
, 67386
,54864
,56094
.56312

,57634
, 58336
.67347
,54776
,66046
.56269

26,1097

,57235

4,8606

,57170

,57109

27T^,

2n
26i
2bh
25i|
26i

Average.

56092

$0.54500
,56076
. 58605
.60963
, 68745
, 56014

H I G H E S T , LOWEST, AND AVERAGE PRICE OF SILVER BULLION AND VALUE OF A F I N E
OUNCE E A C H MONTH DURING THE CALENDAR Y E A R 1903.

Month,

1903,
January
February
March
April
May
June
July
Angust
September...
October
November...
December ...

H i g h - Lowest,
est,

Pence.
21fJ
21|
22i
22i§
221
25A
24/,
25i
24i
24T^H
24i
2b\
25/,
261
26i27T%
27/f
28^
26A
21\
25
26 {i

Pence.
22f

22T%

Average.




Equivalent
Average
Average
m o n t h l y v a l u e of a fine A v e r a g e
p r i c e p e r v Elq u i v a l e n t
ounce based
monthly
a u e of a fine p r i c e a t
ounce,
e Y
o u n c e w i t h N e w Y o r k on a v e r a g e Np rwc e o r k
British
i
of
m o n t h l y price
ex
of exfine b a r
s t a n d a r d p a rc h a n g e a t
and average
($4,8666). c h a n g e o n
- silver.
(0.926).
. r a t e of exLondon,
change.
Pence.
21.9838
22.1093
22.5000
23.3550
24.8894
24.3300
24.8611
25.6009
26.7524
27. 8935
27.0050
25.7355

1.48191
,48466
.49322
,51196
,54560
.53334
,54498
, 56120
. 58644
,61145
.59198
,66415

$4,8689
4.8753
4.8702
4.8718
4.8813
4.8779
4.8675
4.8582
4.8635
4.8564
4.8396
4.8387

1,48214
,48553
,49359
,51253
,64709
, 53457
.54509
,56025
,58608
, 61064
.58898
,56092

24,7513

,54257

4.8641

,54217

$0,48213
.48479
. 49355
, 51255
,54775
,53519
.54500
,56076
,58606
,60963
,58745
,56014
,54208

310

E E P O E T ON THE F I N A N C E S .
DISTRIBUTION OF SILVER DOLLARS.

During the fiscal year 1904 the number of silver dollars distributed
from the mints was 834,041, against 1,792,729 during the fiscal year
1903, a decrease in the distribution of these pieces during the fiscal
year 1904 of 958,688.
The number of silver dollars on° hand, the amount transferred, the
coinage, and the distribution from each mint is shown in the follow^ing
table:
DISTRIBUTION OF SILVER DOLLARS FROM THE MINTS, FISCAL Y E A R

San
Francisco.

1904.

Total,

Items.

Philadelphia.

In mints June 30,1903
Transferred from subtreasuries to mints
for storage
Coinage, fiscal year 1904

$102,413,964

$56,937,463

$26,518,725

$184,870,132

2,100,000
2,986,650

2,000,000
3,045,000

4,070,000

4,100,000
10,101,650

107,500,604

61,982,453

29,588,725

199,071,782

80,000
107,116,954

61,453,062

29,688,725

80,000
198,157,741

107,195,954

61,463,062

29,688,725

198,237,741

304,660

529,391

Total
Transferred from mints to subtreasuries...
In mints June 30 1904
. ..
Total
Distributed from mints during the
year

New Orleans,

834,041

THE CIRCULATION OF SILVER DOLLARS.

The following table exhibits the total number of silver dollars coined,
the number held by the Treasury for the redemption of certificates and
Treasury notes, the number held in excess of outstanding certificates,
and the number in circulation since November 1, 1886:
COINAGE, OWNERSHIP, AND CIRCULATION OF SILVER DOLLARS.

In the Treasury,
Date,

1886 (Novemberl)
1887 (November 1)
1888 (Novemberl)
1889 (November 1)
1890 (Novemberl)
1891 (Novemberl)
1892 (November 1)
1893 (November 1)
1894 (Novemberl)
1895 (Novemberl)
1896 (Novemberl)
1897 (Novemberl)
1898 (November 1)
1899 ( J u l y l )
1900 ( J u l y l )
1901 (July 1)
1902 (July r
1903 (July 1"
1904 (July 1'




Total coinage.

244,433,386
277,110,157
309,760,890
343,638,001
380,988,466
409,475,'368
416,412,835
419,332,550
421,776,408
423,289,309
439,652,141
452,713,792
466,836,597
480,261,231
498,496,215
622,795,065
642,197,865
660,170,6£0
670,272,300

Held for pay- Held in exment of cer- cess of certificates
tificates outoutstanding. standing.
100,306,800
160,713,957
229,783,152
277,319,944
308,206,177
321,142,642
324,552,632
326,717,232
331,143,301
342,409,604
366,463,504
372,838,919
398,753,504
406,085,504
416,015,000
435,014,000
453,997,000
454,733,013
461,138,698

82,624,431
53,461,576
20,196,288
6,219,577
7,072,725
26,197,265
30,187,848
34,889,500
34,189,437
22,526, 713
14,897,836
19,678,096
4,645,838
10,783,976
15,826,299
18,688,931
17,430,812
30,682,416
35,343,055

In circulation.

61,502,165
62,934,625
59,771,450
60,098,480
66,709,664
62,135,461
61,672,456
58,725,818
56,443,670
58,354,092
58,190,802
60,196,778
63,437,255
63,381,751
66,654,916
69,092,134
70,770,053
74,755,221
73,790,547

DIEECTOE OF THE MINT.

311

SEIGNIORAGE ON SILVER COINAGE.

The balance of profits on the coinage of silver on hand in the mints
June 30, 1903, was 112,849.78.
The total seigniorage on the coinage of silver during the fiscal year
1904 was $4,995,473.19, of which 13,032,495.37 was from tbe coinage
of standard silver dollars, |1,950,086.32 from the coinage of subsidiary
silver coins, and $12,891.50 from the recoinage of Hawaiian silver
coins into United States subsidiaiy coins.
Including the balance on hand at the mints July 1, 1878, the net
seigniorage on silver coined from that date to June 30, 1904, aggregated $133,026,322.64.
The seigniorage on standard silver dollars under the act of July 14,
1890, from August 13, 1890 (the date the act went into effect), to June
30, 1904, w-as $52,834,749.98.
The amount of seigniorage deposited in the Treasury during the
fiscal vear was $4,943,606.33, leaving a balance on hand at the mints
on June 30, 1904, of $64,716.64.
A table showing the seigniorage on silver coinage at each mint and
the disposition of the same will be found in the appendix.
APPROPRIATIONS AND EXPENDITURES.

The act approved February 25, 1903, making appropriations for
the legislative, executive, and judicial expenses of the Government for
the fiscal year ended June 30, 1904, contained specific appropriations
for the support of the mints and assay offices of the United States,
amounting in the aggregate to $1,165,700.
Acts approved June 6, 1900, June 28, 1902, March^ 3, 1903, and
April 28, 1904, contained the following specific appropriations:
New machinery and appliances, mint at Philadelphia
New machinery and appliances, mint at San Francisco
Nevv machinery and appliances, mint at Denver

:
„

$440,185
30, 000
315, 055

The expenditures from these appropriations during the fiscal year
were—
Mint at Philadelphia
Mint at San Francisco
Mint at Denver

$4,- 083. 69
5,491.14
40, 374.13

The total expenditures from the above appropriations to June 30,
1904, have been—
Mint at Philadelphia
Mint at San Francisco
Mint at Denver

$398,692.86
28, 847. 51
46,402. 28

In addition to the expenditures from the specific appi%priations,
there were expended during the fiscal year the following amount from
the general appropriation contained in the act of July 14, 1890:
Storage o£ silver bullion (all expended at miijit at Philadelphia) . . . . . . . $21,134. 22
Coinage of silver bullion:
Mint at Philadelphia
•
$39,104. 71
Mint at San Francisco
25, 938. 92
Mint at New Orleans
:
135, 200. 06
200, 243. 69




312

REPOET

ON T H E FINANCES.

APPROPRIATIONS AND EXPENDITURBS FOR FISCAL Y E A R

1904.

APPROPRIATIONS.

Institution.

Philadelphia
San Francisco
Nevv O r l e a n s
Carson
N e w York
Denver
Helena
Boise
Charlotte
St. Louis
Deadwood
Seattle
Total

Salaries.

Wages of
workmen.

Parting
s rage Coinage
C o n t i n g e n t a n d refin- oft osilver of silver
ing bul- bullion.
expenses*.
bullion.
lion.

Total.

$681,642.77
381,906. 61
69,450.00
12,800.00
76,760.00
43,750.00
23,950. 00
15,450.00
4,750. 00
4,750.00
9,150.00
46,250.00

$12,550.00 0 $520,817.18 b$118,275.5^
41,100.00
c 250,175.77
rf90,629.84
31,950.00
20,000. 00
7,500.00
5,000.00
6,600. 00
,
2,200. 00
39,250.00
27,500.00
10,000. 00
15,250. 00
22,000. 00
6,500. 00
5,450.00
14,500.00
4,000. 00
3,400.00
8,300. 00
3,750.00
2,750. 00
1,080. 00
920. 00
3,000.00
1,000.00
750. 00
3,200. 00
3,700. 00
2,250. 00
10,250.00
27,000. 00
9,000. 00
203,150. 00

901,672.95

1,360,598.38

266,776.43

aincludes $53,687.02 received from Philippine revenues as charges on coinage; $11,304.43 charges on
Venezuelan coinage; $144.90 charges on Costa Rican coinage; $3,863.62 charges for manufacturing
machinery for mint at San Francisco; $988.12 charges for manufacturing machinery for mint at New
Orleans; $630.77 charges for manufacturing counting boards and hoppers for assistant treasurers
United States at Chicago, Cincinnati, and St. Louis; $183.70 charges for manufacturing medals for
United States Express Company, and $14.62 charges for manufacturing silver plate and rods for
Bureau of Standards.
^Includes $14,404.77 received from Philippine revenues as charges on coinage; $2,275.47 charges.on
Venezuelan coinage; $30.70 charges on Costa Rican coinage; $846.47 charges for manufacturing
machinery for mint at San Francisco; $307.11 charges for manufacturing machinery for mint at New
Orleans; $338.66 charges for manufacturing counting boards and hoppers for assistant treasurers
United States at Chicago, Cincinnati, and St. Louis; $68.60 charges for manufacturing medals for
United States Express Company, and $3.92 charges for manufacturing silver plate and rods for
Bureau of Standards.
cinclndes $75,176.77 received from Philippine revenues as charges for coinage.
rf Includes $30,629.84 received from Philippine revenues as charges for coinage.
APPROPRIATIONS AND EXPENDITURES FOR THE FISCAL Y E A R

1904.

EXPENDITURES.
Institution.

Philadelphia
San Francisco
NewOrleans
Carson
New York
Denver.
Helena'
Boise .
Charlotte
St L o u i s
Deadwood
Seattle
Total

Salaries.

W a g e s of
workmen.

Contingent expenses.

Parting
S t o r a g e of
a n d refinsilver
ing bullion. bullion.

Coinage
of silver
bullion.

$42,650.00 $481,340.67 $118, 275. 59 $63,336.60 $21,134.22 $39,104. 71
49,836.37
25,938.92
40,765.50 229,756. 61 89,121.50
2,43L79
135,200.06
28,949. 98 14,976.15
7,357.11
5,000.00
5,597.00
1,754. 26
38,551.67
26,853.50
9,988. 79 113,119. 64
15,250.00
21,732.90
4,236.22
6,450.00
13,610.00
2,860.80
2,769.54
7,752.69
2,829. 79
2,750.00
1,077.33
917.89
3,000.00
1,000.00
338.19
3,200.00
3,670.00
1,902.06
10,260.00
26,984.00
7,303.17
198,476.69

834,348.85

246,884.36

228,724.40

21,134.22 200,243.69

Total.

$765,741.79
435,407. 90
188,914.09
12,351. 26
188,513. 60
41,218.12
21,920.80
13 352.02
4,745.22
4 338 19
8,772.05
44,637.17
1,729,812.21

EARNINGS AND EXPENDITURES OF THE REFINERIES OF THE COINAGE
MINTS AND ASSAY OFFICE AT NEW YORK DURING THE FISCAL YEAR
ENDED JUNE 3 0 , 1 9 0 4 .

The earnings of the refineries comprised the-following items:
Charges received for parting and refining bullion
Surplus bullion recovered
Amount received from sale of by-products
Amount received as gain bn leady melts
Making t h e total earnings for t h e year

„

$215,184.04
45, 015. 93
13,951.17
148. 06
274, 299. 20

which amount was deposited in the Treasury to the credit of the appropriation for " P a r t i n g and refining hullion."




313

DIRECTOB OF T H E MINT.

The expenditures on account of '' parting and refining bullion " during the fiscal year aggregated $228,724.40, showing a net excess of
earnings over expenditures of $45,574.80.
In the following table are shown the earnings and expenditures on
account of parting and refining bullion at the coinage mints and assay
office, New York, during the fiscal year:
EARNINGS AND EXPENDITURES FOR PARTING AND REFINING BULLION FOR THE FISCAL
Y E A R ENDED J U N E 30, 1904.
Earnings.
Institutions.

Philadelphia
San Francisco
New Orleans
New York

Charges
collected.

Surplus
bullion.

$50,063.30
68,639.57
2,213.08
104,268.09

$5,941.09
31,255.94
685'. 40
7,133.50

Total
216,184. 04 45,015.93
N e t e x c e s s of r e c e i p t s .

Excessof
receipts
over
expenditures.

By-products.

Total.

Expenditures.

$5,671,96

Gain o n
leady
melts.

$63,336.60
49,836.37
2,431. 79
113,119.64

$7,332.21
45 631 10
466.69
6,809.22

228,724.40

45,674.80
45.574.80

$148.06

8,379-21

$56,004.39
95,467. 47
2,898.48
119,928.86

148.06

13,961.17

274,299.20

APPROPRIATIONS AND EXPENDITURES OF THE OFFICE OF THE DIRECTOR
OF THE MINT FOR THE FISCAL YEAR 1 9 0 4 .

The act approved February 25, 1903, making appropriations for the
legislative, executive, and judicial expenses of the Government for the
fiscal 3^ear ended June 30, 1904, contained appropriations for the office
of the Director of the Mint aggregating $39,470.
The expenditures from these appropriations comprised the amounts
paid on account of salaries, supervising the annual settlements at the
mints and assay offices, expenses incurred in collecting and compiling
the statistics of the production of gold and silver in the United States,
the amount paid for incidental expenses, and the purchase of and subscription to books and pamphlets and contingent expenses incurred in
support of the laboratory of the Bureau.
The expenditures during the fiscal year aggregated $38,972.82, leaving an unexpended balance of $497.18 to the credit of the several
appropriations.
In addition to the above appropriations for the support of the office
of the Director of the Mint, the provisions of the same act contained
a specific appropriation of $75,000 for ''freight on bullion and coin
between mints and assay offices."
The expenditures from this appropriation for the fiscal year aggregated $70,439.88, leaving an unexpended balance of $4,560.12 to the
credit of said appropriation.
APPROPRIATIONS AND EXPENDITURES OF THE OFFICE OF THE DIRECTOR OF THE M I N T
FOR THE F I S C A L Y E A R 1904.
Purpose for whicli appropriated.
Salaries
Examination of mints
Mining statistics
Pamphlets, books, and incidental expenses
Laboratory
Freight on bullion and coin between mints and assay
oifices
Total




Appropriated;

Expended. Unexpended.

$30,820.00
2,500.00
6,000. 00
400.00
750.00

$30,788.66
2,499.87
4,567. 60
386. 71
729.98

$31.34
.13
432.40
13.29
20.02

75,000.00

70,439.88

4,560.12

114,470. 00

109,412. 70

6,057. 30

314

REPORT ON THE FINANCES.

EARNINGS AND EXPENDITURES OF THE MINTS AND ASSAY OFFICES.

The amount received for charges at the several institutions for parting and refining bullion was $215,184.04; for copper allo}^, $12,053.27,
and for assaying and stamping, $45,216.99.
The seigniorage on the coinage of standard silver dollars was
$3,032,495.37; on subsidiary silver coinage, $1,950,086.32, and on the
recoinage of Hawaiian silver coins into United States subsidiary coins,
$12,891.50; a total seigniorage on silver coinage of $4,995,473.19.
The seigniorage on niinor coinage was $1,349,716.61; on recoinage
of uncurrent minor coins, $4,209.92; a total seigniorage on minor
coinage of $1,353,926.53.
The profits from the sale of metals and proof coins were $2,177.83,
and the charges received for mounting and expressage on the same
$808.10.
Deposit melting-room grains and sweeps valued at $14,153.49 and
surplus bullion valued at $45,015.93 were recovered by the officers of
the different institutions.
The gain on bullion shipped by the minor assay offices to the mints
for coinage was $8,534.77, and on the sale of leady melts, $148.06.
The proceeds from the sale of old material were $5,389.36 ; from
special assays of bullion and ore, $3,315.50, and from the sale of byproducts, $13,951.17.
Thereceipts for manufacturing appliances for mints were $7,245.48.
The charges received for coinage for foreign governments w^ere
$13,755.50; from the Philippine government, $173,897.40.
The total amount of earnings and gains of the mints and assay offices
during the fiscal year 1904 was $6,910,246.61.
The expenditures of the mint service were: For salaries of officers
and clerks, $198,476.69; for wages, contingent expenses, parting and
refining expenses, wastage, and loss on sale of sweeps, $1,577,237.32.
The expense of distributing minor coins was $36,072.90, and the
amount paid for charges and mounting medals was $807.80.
The loss on bullion shipped the mints for coinage was $138.18;
while the loss on the recoinage of minor coins was $10,422.04; a total
expenditure of $1,823,154.93.
The net earnings for the fiscal year were $5,087,091.68.
In the appendix a table will be found showing in detail the earnings and expenditures for the year.




315

DIRECTOR OF THE MINT.
CLASSIFIED STATEMENT OF EXPENDITURES.

The expenditures of the mints and assay offices and of the refineries
connected therewith for supplies and on account of salaries and wages
of workmen during the fiscal year ended June 30, 1904, are exhibited
in the following table:
CONSOLIDATED STATEMENT OF E X P E N D I T U R E S FOR SALARIES, W A G E S , AND SUPPLIES
OF T H E M I N T S A N D A S S A Y O F F I C E S O F T H E U N I T E D S T A T E S D U R I N G T H E F I S C A L
Y E A R E N D E D J U N E 30,
1904.

Items of expenditure.
Acids
Adjusting weights and repairing balances
Advertisements for supplies
Assayer's balances
Assayer's materials, matrasses, pipettes, dishes, etc
Barrels and lard tierces
,
Belting
Bullion boxes
Carpets, furniture, and fixtures
Charcoal
.'
Chemicals
Coal
Coke
Copper
Crucibles, covers, stirrers, and dippers
Dry goods (cost of materials for mittens, sleeves, coin
sacks, toweling, scale covers, etc.)
Electric light and supplies
Electric power
'.
Ensigns
Fire brick
Fluxes
Freight and drayage
Furnaces and repairs
Gas
Gloves and gauntlets
Hardware
Ice
:
Iron and steel
Labor and repairs (only temporary labor or repair)
Laundering of towels, etc
Lead, sheet, and lead pipe
Loss on sale of sweeps and leady melts
Lumber
Machinery and appliances
Metal work and castings
Naphtha
Oils
Rent of bnilding
Salt
Scales and weights
Sewing (making of mittens, sleeves, coin sacks, towels,
and scale covers)
•
Stationery, printing, and binding
Steam, supply of
Sundries (only such items as can not readily be classified)
Telegraphing
'.
Telephone
Tools
Water (sprinkling, heating, and irrigating)
Wood
Zinc
Wastage of operative officers
Bills paid at department
Total
Salaries
Wages of workmen
Total




Ordinary ex- Refining expenses.
penses.
$2,368.60
173.40
864.80
201.60
2,007.86
330.65
1,353.29
313.60
178.64
1,175.52
2,071.90
21,207.09
6,866.08
31,646. 66
14,352.89

$46,508.59
18.00

6,871.13
5,168.79
4,684.47
34.40
2,018.42
1,223.74
3,612.69
574.55
9,727.66
11,748.64
2,352.39
1,933.78
1,727.88
16,143.98
2,735.20

1,770.46
653. 69

476.23

6,326.01
4,731.29
14,021.44
3,902.10
12,931.69
2,712.82
2,739.96
3.05
376.15
8.610.45
1,240. 68
1,975.40
44,430.23
278.34
1,933.41
1,972.46
4,224.89
2,160. 55
170.17
64,974.66
8.156.46

18.00
731.10
6.65
123.85
2,701.28
1,302.82
4,700.17
1,737. 39
13,020.14
7,262.59

467. 39
5,912.49
466.38
1,234.68
3,114.20
959. 70
785.77
319.35
223.06
3,079.19
26.84
2,900.05
9,084.13
773.32
2,896. 64
1,592.71
148.02
"800." si"
168.75
8,229.43
490.80

202.10
218.68
4,318.20

Total.
$48,867.19
191. 40
864.80
201. 50
2,025.86
1,061.76
1, 359.84
313. 50
302.49
3,876. 80
3,374.72
25,907.26
7,603.47
44,566.80
21,605.48
8,641. 69
6,822. 48
4,684.47
34.40
2,476.81
7,136.23
4,079.07
1,809.23
12,841.76
12,708.34
3,138.16
2,253.13
1,950.94
19,223.17
2,762.04
3,376.28
15,410.14
6,504.61
16,918.08
6,494.81
12,931.69
2,860.84
2,739.96
803.86
376.15
8,779.20
1,240.68
10,204.83
44,921.03
278.34
1,958.49
1,972.46
4,426.99
2,379.23
4,488.37
64,974.66
8,156.46

332,807.44

128,972.40

461,779.84

198,476.69
969,803.68

99,752.00

198,476. 69
1,069,555.68

1,601,087.81

228,724.40

1,729,812.21

316

REPORT

ON T H E

FINANCES.

IMPORTS AND EXPORTS OF THE PRECIOUS METALS.
GOLD IMPORTS.—The total value of gold imported into the United
States during the fiscal year 1904, as shown by the customs service
and reported by the Bureau of Statistics, Department of Commerce
and Labor, was $99,055,368.
Foreign gold bullion of the value of $26,066,178 Avas entered, of
which amount $17,541,214 came from the United Kingdom; $5,400,938
from Mexico; $1,456,728 from Canada; $960,978 from Central America;
$583,912 from South America; $74,879 from West Indies; $32,266
from Korea; $10,761 from German}^, and $4,502 from Japan.
Foreign gold coin of the value of $45,688,437 was imported, of
which $32,404,117 came from Japan; $7,299,750 from British Australasia; $2,837,408 from the United Kingdom; $1,921,889 from France;
$982,874 from West Indies; $155,875 from South America; $49,584
from Canada; $32,501 from Mexico, and the remainder from various
countries.
The value of gold contained in ore and base bullion imported was
$21,520,146, of which amount $16,722,221 came from Canada;
$4,604,896 from Mexico; $122,836 from Central America; $43,738
from South America; $25,615 from Korea, and $840 from Japan.
There were returned to the United States domestic gold coins of the
value of $5,780,607, of which $3,016,637 came from Canada;
$1,653,162 from the United Kingdom; $567,633 from West Indies;
$364,124 from Mexico; $113,535 from South America; $38,632 from
Central America, and the remainder from various countries.
The total imports were as follows:
GOLD IMPORTS, FISCAL Y E A R 1904.
Items.
Foreign bullion
Foreign coin
Gold contained in ore.

Value.
$26,066,178
45,688,437
21,520,146

Total foreign
United States coin.

93,274,761
6,780,607

Total iraports

99,055,368

GOLD EXPORTS.—The total value of gold exported from the United
States during the fiscal year was $81,459,986.
Domestic gold bullion, composed of United States Government bars,
valued at $62,112,043, was exported, of which $61,811,521 went to
France, $300,333 to Germany, and $189 to British Columbia. Other
bullion, valued at $672,273, was exported—$574,060 to Japan, $96,143
to Canada, and $2,070 to Ilongkong.
The exports of domestic gold coin were valued at $15,682,424, of
which $6,250,000 went to France, $4,494,904 to Canada, $3,048,260 to
South America, $1,187,139 to West Indies, $453,270 to Central
America, $122,474 to Hongkong, $122,434 to Mexico, and the remainder to various countries.
The exports of foreign coin amounted to $2,259,079, of which
$1,253,462 went to Canada, $941,171 to Cuba, $33,400 to France,
$24,300 to Mexico, and the remainder to various countries.




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DIRECTOR OF THE MINT.

Gold contained in domestic ores exported was valued at $729,247, of
which $650,501 went to Canada, $77,716 to Germany, and $1,030 to
the United Kingdom.
Gold contained in foreign ores exported was valued at $4,920, all of
which went to Canada.
The summary of gold exports is as follows:
GOLD EXPORTS, FISCAL YEAR

1904.

Items.

Value.

Domestic bullion (United States mint or assay office bars)
Other domestic bullion
:
Domestic coin
Gold contained in ore

.

Total domestic

$62,112,043
672,273
15,682,424
729,247
79,195,987

Foreign coin

$2,259,079

Foreign ore reexported

:

.^

4,920
2,263,999

Total foreign

81,469,986

Total gold exports

The net exports of United States gold coin from January 1, 1870,
to June 30, 1904, was $631,264,731, as shown by the following table:
IMPORTS AND EXPORTS OF UNITED STATES GOLD COIN.
Period.
Jan. 1 to July 1,1870
Fiscal year—
1871
1872
1873
1874
1876
1876
1877
1878
1879
1880
1881
.
1882
1883
1884
1885
1886
1887
1888
1889

Imports.

Exports.
$6,384,250

55,491,719
40,391,367
36,661,863
28,766,943
59,309,770
27,642,861
21,274,665
6,427,261
$7,325,783
3,664,859 4,120,311
1,687,973
18,207,659
7,577,422 1,741,364
4,796,630 29,805,289
8,112,265 4,802,454
3,824,692 12,242,021
3,362,090 2,345,809
1,687,231 6,400,976
5,862,509 3,650,770
5,181,512 3,211,399
1,403,619 4,143,939

Period.

Imports.

Exports.

Fiscal year—Cont'd.
18