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ANNUAL REPORT

Secretary of the Treasury
ON T H E

STATE OF THE FINANCES
FOR THE

Fiscal Year Ended June 30, 1906.




WASHINGTON:
GOYERNMENT

PRINTING

1906.

OFFICE.




TREASURY DEPARTMENT,

Document No. 2447.
Secretary.

A s.o
- Uu

OO.NTENTS.
Page.
1

RECEIPTS AND EXPENDITURES

Fiscal year 1906
, Fiscal year 1907
Fiscal year 1908

....
.

1
6
6

.

OPERATIONS OF T H E TREASURY
NATIONAL B A N K S

:

7
9

Condition of national hanks

13

M I N T SERVICE

.

13

Renewal of silver purchases
Assay office in Nevv York
Production and deposits of gold
Earnings and expenditures
J

14
15
15
15

LOANS AND CURRENCY
PUBLIC MONEYS
ENGRAVING AND P R I N T I N G
_
PUBLIC BUILDINGS
PUBLIC H E A L T H AND MARINE-HOSPITAL SERVICE

Personnel
:
Expenditures
,
National quarantine service
Yellow fever__
Tuberculosis
Typhoid fever
Leprosy
Smallpox
Cholera
•
Sanitary conferences

•

'-..
•

-—

.

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21
22
22
^ 23
23
23
23
23
24

:.
-.
•

LIFE-SAVING SERVICE:
REVENUE-CUTTER SERVICE

.

Vessels
Personnel
^
Discipline
Wireless telegraphy

._

30
30.
31
31
32
32
. 32
34

Special agents

35

SPECIAL TREASURY'' OPERATIONS.!

36

-r
-

SALE OF P A N A M A B O N D S — J
W E A K N E S S OF OUR CURRENCY SYSTEM

Precautionary steps taken
A condition
I t becomes acute




24
27

28
29
30
30

SECRET SERVICE
REPAIRS TO TREASURY BUILDING
^
DISTRICT OF C O L U M B I A .
STATE BONDS AND STOCKS OWNED BY^ T H E UNITED STATES__
CENTRAL PACIFIC D E B T
TERRITORY OF H A W A I I
INTERNAL REVENUE
..
CUSTOMS

1902 to 1906
1902
1903
1904
1905
•
1906

15
17
17
19
21

______
:

.

36
37
37
38
38
39
40
41

41
41
42

,
III

IV

CONTENTS.

W E A K N E S S OF OUR CURRENOY SYSTEM—Continued.

T r e a s u r y relief
:
More bank-note circulation
T h e effect
Much-needed elasticity :
Methods discussed
Divergent views
P a r t i a l agreement
German plan
Credit currency
Limitation of $3,000,000 per month
Central bank
Cooperation
Can cooperation be enforced by law?
An illustration__^
Finally

Page.

f^..
:
1
.—_
_

.

42
43
43
^__
48
44
44
44
45
45
46
46
47
48
. » 48°
49

FORMER RECOMMENDATIONS RENEWED

50

Tables accompanying the report of the Secretary.
TABLE A.—Statement of the outstanding principal of t h e public debt of
the United States J u n e 30, 1906
TABLE B . — S t a t e m e n t of the outstanding principal of the public debt of
the United States on t h e 1st of J a n u a r y of each year from
1791 to 1843, inclusive; and on the 1st of J u l y of each year
from 1843 to 1906, inclusive
TABLE C.—Analysis of t h e principal of t h e public debt of the United
States from July 1, 1856, to J u l y 1, 1906
TABLE D . — S t a t e m e n t of the issue and redemption of loans and Treasury
notes (by w a r r a n t s ) for the fiscal year ended J u n e 30, 1906.
TABLE E . — S t a t e m e n t showing the purchase and redemption of bonds on
account of the sinking fund during each fiscal.year from its
,
institution in May, 1869, to and including J u n e 30, 1906
TABLE F.—Sinking-fund account for fiscal year 1906
.
TABLE G.—Population, net revenue, and net expenditures of the Government from 1837 to 1906, and per capita of the revenues and
per capita of expenditures
^
TABLE H . — I n t e r n a l and customs revenue and expenses of collecting from
.1858 to 1906
—
TABLE I.—Statement of the net disbursements (by w a r r a n t s ) during the
fiscal year ended J u n e 30, 1906
TABLE J.—Statement showing the revenues and expenditures of t h e Government by m o n t h s ; 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 July, 1896, to June, 1906,
inclusive
—
TABLE K . — S t a t e m e n t of receipts of the United States from March 4, 1789,
to J u n e 30, 1906, by calendar years to 1843 and by fiscal
years (ended J u n e 30) from t h a t time
TABLE L.—Statement of expenditures of the United States from March 4,
1789, to J u n e 30, 1906, by calendar years to 1843 and by fiscal
years (ended J u n e 30) from that time
TABLE M . — S t a t e m e n t of the coin and paper circulation of the United
States from 1860 to 1906, inclusive, with amount of circulation per capita
TABLE N . — S t a t e m e n t of United States bonds and other obligations received and issued by t h e office of the Secretary of the
T r e a s u r y from November 1, 1905, to October 31, 1906_______.
TABLE O.—Statement of customs business for the fiscal year ended J u n e
30, 1906
-___TABLE P.—Statement showing the aggregate receipts, expenses, average
number of persons employed, and cost to collect internal revenue in the several collection districts during t h e fiscal year
ended J u n e 30, 1906




53

65
66
70
71
80
81
82
83

86
90
94
98
99
100

104

• CONTENTS.

REPORT OF T H E TREASURER.

y
Page.
107-225

Revenues and expenditures for 1905 and 1906
Comparison of income and outgo
_,
Revenues and expenditures for the first quarter of 1906 and 1907
Receipts and disbursements on account of the Post-Office DepartmentTransactions in the public debt
The public debt, 1905, 1906, and first quarter of 1907__
Bonds exchanged into consols of 1930
Anticipation of interest
.
P a n a m a Canal loan
The reserve and t r u s t funds
Redemption of notes in gold
:
State of the Treasury, general fuiid—cash in the vaults
Net available cash balance, 1896 to 1906
Gold in the Treasury from 1897
Bonds held as security for national-bank circulation and deposits
Classification by bonds pledged
^
Classification of depositaries by States
Public deposits in national banks
:
The monetary stock, 1905, 1906, and first quarter of 1907
Ratio of gold to total stock of money
Money in circulation
Circulation and population
Condition of the United States paper currency
United States notes
T r e a s u r y notes of 1890__Gold certificates
.
Silver certificates
Changes in denominations during fiscal year 1906
Denominations outstanding September 30, 1906
Ratio of small denominations to all paper
Demand for.small notes
Congress can provide remedies
.
Cost of paper currency
.
Average life of paper currency_
i
.
P a p e r currency prepared, for issue and amount issued
P a p e r currency redeemed
.
Standard silver dollars
.
Movement of silver dollars
Subsidiary silver coin
:
Movement and redemption of subsidiary silver coin
Minor coins outstanding
Movement and redemption of minor coin
T h e e a r t h q u a k e at San Francisco
1
.____
Transfers for deposits in New York—money for moving the crops
Gold deposits in mints and assay offices, 1904, 1905, and 1906
Gold received in San Francisco paid for by exchange on New York__
Accumulation of gold a t San Francisco
Shipments of currency from Washington, 1905 and 1906__
Redemption and exchange of all kinds of money
Redemption of national-bank notes
The recoinage, 1905 and 1906
Spurious issues detected in the fiscal year
Special t r u s t funds and changes therein during the fiscal year
District of Columbia sinking fund
The work of the Treasurer's office
_•
^

107
107
108
108
108
109
110
111
111
111
111
112
113
114
114
115
116
116
121
123
123
124
125
125
126
126
126
127
128
128
128
129
129
131
132
133
134
134
135
135
136
137
138
138
141
142
142
143
143
144
146
146
146
147
148

Tables accompanying. the report of the Treasurer.
No. 1.—Revenues and expenditures for the fiscal year 1906
No. 2.—Net ordinary revenues and expenditures for each quarter of
the fiscal year 1906
No. 3.—Receipts and expenditures on account of the Post-Office Department for the fiscal year 1906-_
No. 4.—Post-Office Department w a r r a n t s issued, paid, and outstanding for the fiscal year 1906
_-




149
149
150
150

VI

CONTENTS.

REPORT OF T H E TREASURER—Continued.

Fage.

No. 5.—Receipts and disbursements of each kind of mouey on all
accounts at the Treasury in Washington for the fiscal year
1906____
-r
1
•
151
No. 0.—Receipts and disbursements of each kincl of money on all
accounts at the subtreasury in Baltimore for the
fiscalyear
1906
152
No. 7.—Receipts and disbursements of each kind of money on all
accounts at the subtreasury in N e w Y o r k for the fiscal year
1906
153
No. 8.—Receipts and disbursements of each kind of money on all
accounts a t the subtreasury in Philadelphia for the fiscal
year 1906
i
154
No. 9.-^Receipts and disbursements of e a c h - k i n d of money on all
accounts at the subtreasurv in Boston for the fiscal year
1906
155
No. 10.—Receipts and disbursements of each kind of money on all
accounts at the subtreasury in Cincinnati for the fiscal year
1906
—
156
No. 11.—Receipts and disbursements of each kind of money on all
accounts at the subtreasury in Chicago for the fiscal year
1906-_____—
157
No. 12.—Receipts and disbursements of each kind of money on all
accounts at the subtrea-sury in St. Louis for the fiscal year
1906
.
158
No. 13.—Receipts and disbursements of each kind of money on all
accounts at the subtreasury in New Orleans for the fiscal
year 1906
•
_
159
No. 14.—Receipts and disbursements of each kind of money on all.
accounts at the subtreasury in San Francisco for the fiscal
year 1906
160
No. 15.—Total receipts and disbursements of each kind of money on
all accounts a t the Treasury offices for t h e fiscal year 1906_
161
No. 16.—Assets and liabilities of the T r e a s u r y offices, J u n e 30, 1906__ . 162
No. 17.—Assets of the T r e a s u r y in the custody of mints and assay
offices J u n e 30, 1906
:_
163
No. 18.—General distribution of the assets and liabilities of t h e Treasury
164
No. 19.—Distribution of the general T r e a s u r y balance, J u n e 30, 1906_
164
No. 20.—Available assets and net liabilities of the T r e a s u r y at the
close of June, 1905 and 1906
165
No. 21.—Assets and liabilities of the Treasury in excess of certificates
and T r e a s u r y notes a t the close of June, 1905 and 1906
165
No. 22.—Unavailable funds of the T r e a s u r y and Post-Office Department
_"_
^
166
\ . No. 2 3 — E s t i m a t e d stock of gold coin and bullion, the amount in the
Treasury, and the amount in circulation a t the end of each
month from January,. 1902
^
167
\ N o . 24.—Estimated stock of silver coin, the amount in the Treasury,
and the amount in circulation at the end of each month,
from J a n u a r y , 1902; also silver, other than stock, held
in the T r e a s u r y
,
170
V N O . 25.—United States notes. Treasury notes, and national-bank notes
outstanding, in the Treasury, and in circulation a t the eud
of each month, from J a n u a r y , 1902
173
\No. 26.—Gold certificates and silver certificates outstanding, in the
Treasury, and in' circulation at the end of each month,
from J a n u a r y , 1902
_.
176
No. 27.—Estimated stock of all kinds of money at the end of each
month, from J a n u a r y , 1900___
179
" No. 28.—Estimated amount of all kinds of money in circulation at the
^
end of each month, from J a n u a r y , 1900
180
^vNo. 29.—Assets of the Treasury other than gold, silver, notes, and
certificates at the end of each month, from J a n u a r y , 1900_
181
\ N o . 30.-^Assets of the Treasury a t the end of each month, from Januuaiy, 1900
182




CONTENTS.
REPORT OF T H E TREASURER—Continued.

\ N o . 31.—Liabilities of the Treasury at the end of each month, from
J a n u a r y , 1900
No. 32.—United States notes of each denomination issued, redeemed,
and outstanding at the close of each fiscal year, fi-oin 1902_
No. 33.—Treasury notes of 1890 of each denomination issued, redeemed, and outstanding at the close of each fiscal year,
from 1902
____!
No. 34.—Gold certificates of each denomination issued, redeemed, and
outstanding at the close of each fiscal year, from 1902
No. 35.—Silver certificates of each denomination issued, redeemed, .
and outstanding at the close of each fiscal year, from i9.02_
No. 36.—Amount of United States notes. Treasury notes, gold and
silver certificates of each denomination issued, redeemed,
and outstanding at the close of each fiscal year, from 19021
No. 37.—Amount of paper currency of each denomination outstanding at the close of each fiscal year, from 1902
No. 3S.—Old demand notes of each denomination issued, redeemed,
. •
and outstanding J u n e 30, 1906
No. 39.—Fractional currency of each denomination issued, redeemed,
and outstanding J u n e 30, 1906
No. 40.—Compound-interest' notes of each denomination issued, redeemed, and outstanding J u n e 30, 1906
No. 41.—One and two year notes of each denomination issued, redeemed, and outstanding J u n e 30, 1906
^
No. 42.—United States paper currency of each class, together with
one and two year notes and compound-interest notes, issued, redeemed, and outstanding J u n e 30,. 1906
\ N O . 43.—United States notes and Treasury notes redeemed in gold, anfl
imports and exports of gold during each month, from January, 1902
NO. 44.—United States notes and T r e a s u r y notes redeemed in gold, and
imports and exports of gold during each fiscal j^ear from
1895
•
^ N O . 45.—Treasury notes of 1890 retired by redemption in silver dol, lars, and outstanding, together with the silver in the Treasury purchased by such notes, for each month, from January, 1900
\ N O . 46.—Transactions between t h e subtreasury and clearing house in
New York during each month, from J a n u a r y , 1900
NNo. 47.—Amount of each kind of money used in settlement of clearinghouse balances against the subtreasury in New York during each month, from J a n u a r y , 1900-_No. 48.—Shipments of silver coin from each office of the Treasury and
Mint, from July 1, 1885__^
No. 49.—Shipments of silver coin from the Treasury offices and mints
during each fiscal year from 1895, and charges thereon for
transportation __
No. 50.—Balance in the Treasury, amount in T r e a s u r y offices, and
amount in depositary banks, from 1789 to 1906
No. 51.—National banks designated depositaries of public moneys,
with the balance held by each September 30, 1906
No. 52.—Number of national banks with semiannual duty paid, by
fiscal years, and number of depositaries w^ith bonds as security, by fiscal years
'
No. 53.—Average amount of national-bank notes in circulation, and
amount of duty paid thereon, during the fiscal year 1906,
by national banks, in each State and Territory
No. 54.—Receipts and disbursements of public moneys through national-bank depositaries, by fiscal years, from 1895
• No. 55.—Seven-thirty notes issued, redeemed, and outstanding J u n e
30, 1.906
-:_
:
No. 50.—Coupons from United States bonds and interest notes paid
during t h e fiscal year 1906, classified by loans
No. 57.—Checks issued for interest on registered bonds during the fiscal year J906




VII
Page.

188
184
185
186
187
187
189
190
190
191
191
191
192
192

193
194
195
196
196
196
199
212
212
213
213
2J3
213

VIII

CONTENTS.

REPORT OF T H E TREASURER—Continued.

Page.

No. 58.—Interest on 3.65 per cent bonds of the District of Columbia
paid during the fiscal ye^v 1906
1
No. 59.—Refunding certificates issued under the act of F e b r u a r y 26,
1879, converted into bonds of the funded loan of 1907, purchased and outstanding
No. 60.—Public debt a t the close of June, 1905 and 1906, and changes
during the year
.^
:.-—
No. 61.—United States bonds retired, from May, 1869, to J u n e 30,
1906 ___——
No. 62.—Bonds and other securities retired for the sinking fund during the fiscal year 1906, and total from May, 1869
X N o . 63".—Public debt, exclusive of certificates and T r e a s u r y notes, a t
t h e end of each month, from J a n u a r y , 1900
\ N o ; 6 4 . — L a w f u l money deposited in the Treasury each month of the
fiscal year 1906 for the redemption of national-bank n o t e s .
^ No. 65.—Disbursements from redemption accounts of national banks
each month of the.fiscal year 1906
V N O . 66.—National-bank notes received for redemption from t h e principal cities and other places each month of the fiscal year
1906, in thousands of dollars___
^ N O . 67.—National-bank notes outstanding a t the end of each month,
and monthly redemptions, from J a n u a r y , 1900
. ^ N O . 68.—Redemptions and deliveries of national-bank notes each
s
month of the'fiscal year 1906
^ N O . 69.—^Redeemed nationai-bank notes delivered from the T r e a s u r y
each month of the fiscal year 1906
V N O . 70.—Assets and liabilities of the 5 per cent redemption fund of
national banks a t the end of each month of the fiscal year
1906
-.
_No. 71.—National-bank notes received for redemption from fhe principal cities and other places, by fiscal years, from 1895, in
thousands of dollars
No. 72.—Result of the count of national-bank notes received for redemption, by fiscal j^ears, from 1895
No. 73.—Disposition made of the notes redeemed a t the National
B a n k Redemption Agency, by fiscal years, from 1895
No. 74.—Mode of payment for notes redeemed a t t h e National Bank
Redemption Agency, by fiscal years, from 1895
No. 75.—Deposits, redemptions, assessments for expenses, and transfers and repayments on account of the 5 per cent redemption fund of national banks, by fiscal years, from 1895
No. 76.—Deposits, redemptions, and transfers and repayments, on
account of national banks failed, in liquidation, and reducing circulation, by fiscal years, from 1895
No. 77.—Expenses incurred in the redemption of national-bank notes,
by fiscal years, from 1895___
No. 78.—General cash account of the National Bank Redemption
Agency for t h e fiscal year 1906, and from July 1, 1874
No. 79.—Average amounts of national-bank notes redeemable and
amounts redeemed, by fiscal years, from 1895
No. 80.—Percentage of outstanding national-bank notes redeemed and
assorted each fiscal year, from 1896, by geographical divisions
No. 81.—Average amount of-national-bank notes outstanding, and the
redemption, by fiscal years, from 1875
No. 82.—Changes during the fiscal year 1906 in the force employed in
t h e Treasurer's office
No. 83.—Appropriations made for the force emploj^ed in the Treasurer's office and salaries paid during the fiscal year 1906—
REPORT OF T H E DIRECTOR OF T H E M I N T

'

Operations of the year
History of the Deuver mint
Deposits of gold bullion, fiscal year 1906
Uncurrent domestic gold coin for recoinage
Deposits of foreign gold bullion




214
214
214
215
216
21G
218
218
218
219
219
220
220
220
221
221
221
221
222
222
223
228
224
225
225225

227-337

_=__
;

227
227
229
280
280

CONTENTS.
REPORT OF T H E DIRECTOR OF T H E MINT—Continued.

IX
Page.

Deposits of foreign gold coin
231
Deposits of jewelers' b a r s .
231
Redeposits of gold bullion
281
Deposits and purchases of silver
281
U n c u r r e n t domestic silver coin for recoinage-^
232
Deposits of foreign silver bullion
.:
•
282
Deposits of foreign silver coin
.
282
Redeposits of silver bullion
^
283
Recapitulation of gold and silver deposits
238
Deposits of gold since 1.878
284
Deposits of silver a t United States mints and assay offices since 1885_
284
Coinage of the United States
285
Coinage by the United States for foreign countries
285
Coinage of the United States, weight and value since 1873
.236
Recoinage of s t a n d a r d silver dollars
286
Recoinage of u n c u r r e n t coin
287
B a r s manufactured
237
Work of Government refineries
'.
_—
237
Silver bullion on which charges were collected
288
Purchase of silver
:
238
Balances of silver bullion
241
Market price of silver, fiscal year 1906
.
241
Distribution of silver dollars
.242
Seigniorage on silver coinage
242
Appropriations and expenditures
:
248
Appropriations and expenditures of the office of the Director of the
^Mint, fiscal year, 1906
245
E a r n i n g s and expenditures, mints and assay offices
246
Classified'Statement of expenditures
246
Laboratory of the Bureau of the Mint
246
Proceedings of the Assay Commission, calendar, j^ear 1906
247
Operations of the mint of the United States at—
Philadelphia, P a
250
San Francisco, Cal
.
260
New Orleans, La
264
Denver, Colo
267
Carson, Nev., conducted as an assay office
274
Operations of the assay office of the United States at—
New York, N. Y
271
Boise, Idaho _ _ - !
275
Helena, Mont
_275
Charlotte, N. C
276
St. Louis, Mo
276
Deadwood, S. Dak
277
Seattle, W a s h
277
Quantity of metal operated upon, wastage, and loss,,fiscal year 1906__
279
Bullion operations, legal allowance and wastage, fiscal year 1906
280
Summary of t h e work of the minor assay offices.
281
Melts of gold and silver for ingots made and condemned
282
Receipts and disposition of gold bullion, 1906
288
Movement of gold from port of New York
284
Net exports United States gold coin
_
_
285
Stock of money.in the United States
285
Ownership of metallic stock
286
Stock ancl location of t h e metallic and paper money in the United
• States
286
Stock of gold and silver in the United States since 1878
.
287
United States gold coin in Canada
i
287
World's stock of money December 31, 1905
^______
287
Gold and silver used in the industrial arts in the United States, 1905
290
Exchange of gold bars for gold coin
293
World's industrial consumption of precious metals, 1 9 0 5 — _ '
293
Production of gold and silver in the United States in 1905
298
World's production, 1908, 1904, and 1905
—
_
294
World's coinage, 1908, 1904, and 1905
294




X

CONTENTS.

REPORT OF T H E DIRECTOR OF T H E M I N T — C o n t i n u e d .

Page.

World's coinage by calendar years since 1878
Foreign coins melted by certain countries
Recoinages of t h e world
.
Value of foreign coins
Monetary statistics of foreign countries

295
295
296
296
299 '

Tables accompanying the report of t h e Director of t h e Mint.
No. 1.—Domestic production, deposits a n d purchases of gold, by
weight -_
800
No. 2.—Domestic production, deposits and" purchases of gold, by
. value
802
No. 3.—Domestic production, deposits and purchases of silver, by
weight
304
No. 4.—Domestic production, deposits a n d purchases of silver, by
value
_'
806
No. 5.—Bars manufactured, by weight
:
308
No. 6.—Bars manufactured, by value
808
No. 7.—Uncurrent domestic coins, by denominations a n d face values,
receivecl from t h e Treasury a n d purchased over t h e counter
.
'.
810
No. 8.—Assets a n d liabilities, fiscal year 1906
312
No. 9.—Earnings a n d expenditures, fiscal year 1906
- 814
No. 15.—Recapitulation of iraports a n d exports
^- 816
No. 16.—Transit a n d transshipment of gold and silver
316
No. 17.—Seigniorage on silver, fiscal year 1906
- 817
No. 18.—Average price of an ounce of gold in London a n d equivalent
value in United States since 1870
:
818
No. 19.—Bullion value of t h e silver dollar a t t h e annual average
price of silver from 1837
d 318
No. 20.—Production of gold a n d silver in t h e United States since 1792,
by years__
1
j
' 319
No. 21.—Coinage of nations, 1908, 1904, and 1905
320
No. 22.—World's production of gold a n d silver, 1903, 1904, and 1905— 821
No. 28.—Production of gold a n d silver in t h e world since 1498, fine
ounces a n d values
:_
324
No. 25.—Authority for coining, changes in weight a n d fineness, a n d
amount coined of each coin
325
No. 26.—Coinage of t h e United States, from organization of mint
326
REPORT OF T H E COMPTROLLER OF T H E CURRENCY

389-408

Condition of national banks
.
Loans a n d discounts
Reserve
i
Relation of capital to other items
R a t e s for m o n e y — _
.
^
Capital, bonds, a n d circulation
Classification of banks by capital stock
Notes received for redemption
Profit on circulation
:
Banks without circulation
E a r n i n g s a n d dividends
.
Expenses
Gain on national-bank notes not presented for redemption
Changes in corporate titles
Extension of corporate existence
Liquidations a n d consolidations
Insolvent national banks
Receiverships terminated
Organization of national banks
Organizers of national banks
State, savings, and private banks and loan a n d t r u s t companies_:
Consolidated r e t u r n s from State, savings, a n d private banks a n d loan
and t r u s t companies
Savings banks
:__.
;
Mutual savings banks




.339
341
342
843
344
345
346
348
349
349
849
350
350
351
. .351
352
855
356
859
362
362
364
365
866

CONTENTS.

XI

REPORT OF T H E COMPTROLLER OF T H E CURRENCY—Continued.

Page.

Stock savings banks
.
I n t e r e s t rates paid by savings banks
__i
State a n d private bank failures
Deposits
•
Proportion of individual deposits held by t h e various classes of
banks
-___
Bank resources
Growth of banking in t h e United States
..__^
Banks and banking in t h e island possessions:
Philippines
Porto Rico
.
l-laiwaii
Building a n d loan associations
School savings banks
^__
^
Money in t h e United States
,
Foreign banks of issue
Foreign savings banks
Banking power of t h e world
Monetary systems a n d stock of money in t h e principal countries of
the world
Clearing-house exchanges
:
Annual report
.
Digest of bank cases
Amendments to t h e national-bank act
Savings banks in t h e District of Columbia
Bank examinations
1
_:
.
Currency reform
General uses of mone.y or currency in modern business
Essential difference between a bank-deposit credit a n d a banknote credit
Gold-reserve bank notes
Redemption
_
Safety of gold-reserve notes
Graduated taxation of notes
:
'
No danger of infiation or speculation
REPORT OF T H E REGISTER OF T H E TREASURY

873
874
375
876
377
877
878
379
879
884
886
389
390
890
392
892
892
393 .
895
895
898
398
399
400
402
408
405

409-429

Duties of t h e Register
Division of loans
Bonds received a n d issued during t h e year ended J u n e 80
Bonds canceled during t h e year'ended J u n e 80, 1906
Summary statement showing disposition of unissued bonds
Bonds refunded a t 2 per cent
:
dLoans of t h e Philippine Islands
:__
.—
Destruction of surplus bonds
.
Dividends of interest prepared on registered bonds
Unissued bonds on hand, office of t h e Register, J u n e 30, 1906
Summary statement showing disposition of unissued bonds
Spanish indemnity certificates
Packages received and sent
Division of no.tes, coupons, a n d currency
Coupon bonds
..
Exchanged, redeemed, a n d transferred coupon bonds
Coupons
Place of payment, number, a n d amount of coupons received during
the year
,
Number a n d amount of coupons on
file
:
Currency
Different classes of notes received a n d destroyed
Gold certificates
.
Interest checks
'
Place of payment, number, a n d amount of interest checks received
during t h e year
Redeemed interest checks a n d vouchers on
file
Issue, redemption, and outstanding of various old issues of t h e Government a t t h e close of t h e year
^




368
369
870
871

409
409
410
411
415
412
412
418
414
414
415
415
416
416
416
417
417
418
420
421
422
428
428
424
426
426

XII

CONTENTS.

REPORT OF T H E REGISTER OF T H E TREASURY^—Continued.

Page.

Redeemed vouchers on
file
:
Redeemed vouchers received, canceled, and destroyed
Files _.
_
.
Recommendations
-

'__

REPORT OF T H E COMMISSIONER OF INTERNAL REVENUE

Receipts
.
Receipts in large tax-paying States a n d Territories
Cost of collecting t h e internal revenues a n d recommendations
cerning same
:
New legislation
Bureau employees
Receipts for first three months current fiscal year
. Cost of collection
.
Estimateel expenses for next fiscal jes.v
Salaries
Scale of salaries of collectors
Official force
Storekeepers, gaugers, etc
Internal-revenue receipts during t h e last two fiscal years
W i t h d r a w a l s for consumption during t h e last two fiscal years
Aggregate collections made a n d reported by collectors
Receipts, by States a n d Territories, during fiscal year
I n t e r n a l revenue collected in t h e several States a n d Territories
have been consolidated with other districts
Receipts for t h e past ten years




427
428
428
428

481-446

431
431
con-

^__
^

that
^

433
434
436
436
437
438
438
489
489
440
440
443
444
445
445
446

ANNUAL REPORT ON THE FINANCES.

TREASURY DEPARTMENT,

Washington, D. (7., December 5, 1906,
SIR: I have the honor to submit the following report:
RECEIPTS A N D EXPENDITURES.

Fiscal year 1906.
The revenues of the Governinent from all sources (by warrants)
for the fiscal year ended June 30, 1906, were:
From customs
From internal revenue
'
From revenues of the District of Columbia
Prom sales of'public lands
From fees—consular, letters patent, and lands
From sales of Indian lands, proceeds of Indian lahor, etc.
From navy pension, navy hospital, clothing, and deposit funds
From profits on coinage, bullion deposits, etc
From tax on circulation of national banks
From immigrant fund
From trust funds, Department of State
From sales of Government property
From payment of interest by Pacific railways.
From miscellaneous
,
From customs and navigation fees, fines, penalties, etc
From forest reserve fund
From Soldiers' Home permanent fund
From judicial fees, fines, penalties, etc
From sale of lands, huildings, etc
From deposits for surveying public lands
From sales of ordnance material
From Alaska fund, act January 27, 1905
From tax on sealskins
From depredations on public lands
*
Prom license fees, etc., Territory of Alaska
From Spanish indemnity
From part payment Central Pacific Railroad indebtedness

1300,251,877.77
249,150,212.91
5, 993,018.96
4, 879,838.65
4,434,369.92
4,777,009.21
8,038,468.77
2,918,344. 35
2,334,072.84
2,294,094.93
1,533,592.02
1,169,876.72
971,393.47
1,205,055.91
850,083.18
812,120.24
578,936.53
556,835.83
264,044.15
251,583.84
210,589.31
160,660.28
146,912.80
74,597.32
46,369.37
28,500.00
5,521,667.39
594,454,121.67
167,932,782.95

From postal revenues
Total receipts




762,386,904.62
1

2

REPORT ON T H E EINANCES.

The expenditures for the same period were:
For the civil establishment, including foreign intercourse, public
buildings, Panama Canal, collecting the revenues, District of Columbia, and other miscellaneous expenses.
1149,600,550.78.
For the military establishment, including rivers and harbors, forts,
arsenals, seacoast defenses, and expenses of the war with Spain
and in the PhiHppines
117,946,692.37
For the naval estahlishment, including construction of new vessels,
machinery, armament, equipment, improvement at navy-yards,
and expenses of the war with Spain and in the Philippines
110,474,264.40
For Indian Service
12,746,859. 08
For pensions
141,034,561.77
For interest on the public debt
24,308,576.27
For deficiency in postal revenues
12,673,294. 39
568,784,799.06
167,932,782.95

For Postal Service
Total expenditures

736,717,582.01

Showing a surplus of

25, 669,822.61

In addition to the revenues collected during the year and the
amounts received on the indebtedness of Pacific railroads, the cash
in the Treasury was increased $1,020 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
Seven-thirties of 1864 and 1865..,
Compound-interest notes
Refunding certificates
Funded loan of 1891, called
Funded loan of 1891, continued at 2 per cent
Loan of 1904, called
Premium on bonds exchanged—
Funded loan of 1907
Loan of 1908-1918

:....
:

$1,351.80
160.00
250.00
900.00
220.00
19,100.00
42,000.00
170,150.00

$1,153,310.86
264,168.67
1,417,479.53

Total




1,651,611.33

SECRETARY OE T H E TREASURY. •

3

C o m p a r e d w i t h the-fiscal y e a r 1905, t h e r e c e i p t s for 1906 i n c r e a s e d
55,285,634.67, as follows:
INCREASE IN RECEIPTS FOR
Object.

1905.

1906.
Increase.

1900.

Customs
•,
$261. 798,856.91 $300,251,877.77
234: 095,740.85 249,150,212,91
I n t e r n a l revenue
i. 419,593.99
Profits on coinage, bullion deposits, etc
2,918,344.35
Tax on sealskins, and rent of fox
134,433.80
147, 012.80
islands
1,965,087.32
4,777,009,21
Sales of Indian lands
;
1,169,876.72Sales of Government p r o p e r t y .
578,266.94
4,879 833.65
: 859,249.80
,
Sales of public lands
5,993;018.96
> 643,257.47
,
District of Columbia
N a v y pension, navy hospital, clothing,
3,038,468.77
and deposit funds
; 845,334.03
,
4,434,369.92
Fees—consular, l e t t e r s patent,and lands
,087,561.88
74, 597.32
80,740.45
Depredations on public lands
872,539.35
850, 083.18
Customs fees, fines, penalties, etc
472,677.23
556,835.83
Judicial fees, fines, penalties, etc
054.600.85
2,294,094.93
I m m i g r a n t fund
235,198.25
251, 583 84
Deposits for surveying public lands ..
034,501.90
2,334, 072.84
Tax on national banks
P a r t p a y m e n t Central Pacific Railroad
745.385.17
5,521,667.39
indebtedness
971,393.47
000,007.59
P a y m e n t of interest by Pacific railways
R e i m b u r s e m e n t by Louisiana Pur404,942.96
chase Exposition Company
458,673.93
264,044.15
Sales of lands and buildmgs
219,545.09
210,589.31
Sales of ordnance material
7,293.10
71,262,35
Sales of old vessels
743,792.25
578,936.53
Soldiers' Home p e r m a n e n t fund
749,005.20
Prize money
,230,954.67
1,533,592.02
T r u s t funds, D e p a r t m e n t of State
. 28,500.00
28,500.00
Spanish indemnity
Dividends on P a n a m a Railroad stock,
145,481.18
subsidy, rentals, etc
369,945.00
Contributions for river and harbor
116,000.00
improvements
812,120.24
14,732.87
Forest reserve fund
207,029.65
107,506.49
Alaska fund, license fees, etc
988,212.38
900,759.51
Miscellaneous
Total ordinary receipts, exclusive of postal revenues
544,274,684.85 594,454,121.67
152,826,585.10 167,932,782.95
Postal revenues
Aggregate receipts.

697,101,269.95

Decrease.

138,453,020.86
15,054.472.06

762,386,904.62

$1,501,249.64
12,579.00
811,921.89
591,609.78
20,583.85
349,761.49
193,134.74
346,808.04

84,158.60
239,494.08
16,385.59
299,570.94

6,143.13
22.456.17

223,717.78
28,614.12
4,404,942:96
194,629.78
8,955.78
63,969.25
164,855.72
749,005.20

302,637.35
224,463.82
116,000.00

797^387.37
99,523.16
87,452.87
57,824,470.92
15,106,197.85

7,645,034.10

72,930,668.77

7,645,034.10

65,285,634.67

Net increase

T h e r e w a s a n i n c r e a s e of $16,612,083.46 i n e x p e n d i t u r e s , as follows:
INCREASE IN EXPENDITURES FOR
Object.

1905.

1906.

1906.

Increase.'

Decrease.

CIVIL, E S T A B L I S H M E N T .

LegislativeSalaries and expenses.
Executive p r o p e r Salaries and exTDenses
P a n a m a Canal
D e p a r t m e n t of S t a t e Salaries and expenses
Foreign intercourse
Treasury D e p a r t m e n t Salaries and expenses
Indenendent T r e a s u r v •...
Mints and assay offices
Territorial governments
Miscellaneous internal revenue
Gollectinsr customs revenue
Refunding excess of deposits, customs
J u d g m e n t s , Court of Claims, cus
toms
Miscellflneoim iteTn<s customs
Revenue-Cutter Service
New revenue vessels




$607,465.66

$11,909,506.63 $11,302,040.97
306,437.32
3,918,819.83

$72,344.24
378,781.56
19,379,373.71 15,460,553.88

191,580.09
2,621,815.18

196,950.07
2,342,300.13

5,369.98

3,776,151.14
. 746,793.05
1,299,100.68
254,106.25
4,188,861.38
846,060.62
9,115,499.44

3,894,449.24
750,302.58
1,279,898.08
192,643.04
4,229,938.73
1,517,92L96
8,997,669.41

118,298.10
3,509.53

3,353,261.63

3,320,221.70

22,261.20
5,950,289.99
179,472.08
1,610,812.54
68,217.94

386,982.90
6,107,278.94
211,951.15
1,469,595.17
80,971.02

41,077.35
671,861.34

.. . .
279,515.05

• 19,202.60
61,463.21
117,830.03
33,039.93

364,721.70
156,988.95
32,479.07
12,753.08

141,217.37

BEPORT ON T H E FUSTANCES.
INCREASE IN EXPENDITURES FOR 1906—Continued.
Object.
T r e a s u r y Department—Continued.
Public Health and Marine-Hospital
Service
Life-Saving Service
E n g r a v i n g and p r i n t i n g
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
•
.
Tntftrstatei CoTYnnerp.A Cornmissiori-F r e n c h spoliation claims
Claims r e p o r t e d b y Court of Claims
underBowman and Tucker acts..
Epidemic diseases
Louisiana P u r c h a s e Exposition, St.
Louis
Lewis a n d Clark Centennial Exposition, Portland, Oreg
J u d g m e n t s , Court of Claims and
United States Courts, T r e a s u r y . .
Miscellaneous items
War DepartmentSalaries a n d expenses
Navy D e p a r t m e n t Salaries and expenses
Interior D e p a r t m e n t Salaries a n d exnenses
Public Lands Service
Reclamation fund
. ...
Colleges for agriculture
Office building, House of R e p r e sentatives
Office building, Senate
J u d g m e n t s , Court of Claims
Miscellaneous* items
Post-Office D e p a r t m e n t Deficiency in postal revenues
Mail t r a n s p o r t a t i o n , Pacific railD e p a r t m e n t of A g r i c u l t u r e Salaries a n d expenses
Weather Bureau
D e p a r t m e n t o f Commerce and L a b o r Salaries a n d exnenses
B u r e a u of L a b o r
Bureau of S t a n d a r d s
Census Office
Coast a n d Geodetic Survey
Light-House Establishment
B u r e a u of Fisheries
Fish hatcheries
Steamboat-Inspection Service
B u r e a u of Immigration •
Regulating immigration
Chinese-exclusioiTacts
Ellis Island, New York H a r b o r
J u d g m e n t s , C o u r t of Claims and
United States Courts
Miscellaneous i t e m s . .
D e p a r t m e n t of J u s t i c e Salaries a n d expenses
Salaries of justices, assistant attorneys, etc
Salaries, fees, and expenses of marPees of witnesses
Salaries and fees, district a t t o r n e y s
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 , Court of Claims a n d
United S t a t e s 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 E s t a b l i s h m e n t




1905.

1906.

Increase.

$1,290,092.32
1,840,505.21
2,866,340.62
10,934,783.10
994,378.93
1,205,654.87
417,961.17
464,112.71
105,548.68
141,144.02
331,437.23
652,950.36

$1,200,098.80
1,843,012.24
2,914,726.84
8,736,004.19
1,135,656.14
1,464,532.20
707,549.50
808,058.92
96,380.10
143,595.86
385,588.69
96,887.69

141,277.21
258,877,33
289,588.33
343,946.21

20,027.89
143,023.80

226,420.79

83,396:99

Decrease.

$89,993.52
$2,507.03
48,386.22

2,451.84
54,151.46

2,198,778.91

9 168.58
556,062.67
20,027.89

342,907.45

20,904.11

322,003.34

298,323.35

106,517.08

191,806.27

2,941.61

8,157.18
201 251.13

11,098.79
944,098.58
2,379,245.34
695,264.34

742,847.45

112,130.56

2,491,375.90

2,744.39

5,070,856.72
3.595,934.19
3:882,020.53
1,200,000.00

692,519.95
4,984,280.59
3,476,137.01
7,256,926.75 3,374,906.22
1,200,000.00

140,857.20
783,010.39
15,786.93
1,079,339.45

903,247.80
257,666.12
692.65
1,051,304.42

762,390.60

1,478,623.93
15,065,257.00

1,608,440.95
12,673,294.39

129,817.02

740,641.75

741,182.43

540.68

5,202,586.85
1,334,877.66

6,268,389.04
1,375,298.80

1,065,802.19
40,421.14

522,063.94
176,256.13
190,158.64
1,410,870.02
926,412.61
4,449,658.25
604,983.48
55,096.48
396,260.49
27,089.71
1,483,020.14
544,416.25
71,829.05

566,441.89
44,377.95
185,319.75
9,063.62
155,866.90
1,166,379.30
854,060.31
4,349,840.93
592,482.11
91,801.73
36,705.25
462,115.42
65,854.93
32,914.16
5,824.45
1,472,701.38
.
425,109.07
136,003.77 •"*64,"i74.'72'

9,072.99
26,965.07

86,576.13
119,797.18

525,344.27
15,094.28
28,035.03
2,391,962.61

34,291.74
244,490.72
72,352.30
99,817.32
12,501.37

10,318.76
119,307.18
7,459.24

1,613.75
38,308.44

11,343.37

678,952.04

698,523.56

19,571.52

1,434,232.56

1,488,964.30

54,731.74

1,312,753.23
824,210.94
448,471.50
1,049,731,22
•267,692.64
120,182.34
706,028.88
185,490.03

1,345,359.71
868,617.71
470,186.68
1,074,494.64
295,177.15
115,091.36
631,514.59
231,055.57

32,606.48
44,406.77
21,715.18
24,763.42
27,484.51

13,096.79
1,311,458,39

415.73
1,384,486.09

11,678,356.49

11,487,249.80

146,952,548.65

5,090.98
74,514.29

45,565.54
12,681.06
73,027.70

192,273,845.17 24,231,765.40

191,106.69
8,910,468.88

SECRETARY OF T H E TREASURY.
INCREASE IN E X P E N D I T U R E S FOR 1906—Continued.
Object.

1905.

1906.

Increase.

Decrease.

MILITABY ESTABLISHMENT.

National defense
Emergency fund
Pay Department
E x t r a pay, w a r with Spain
Subsistence D e p a r t m e n t
Quartermaster's Department
Medical D e p a r t m e n t
Ordnance D e p a r t m e n t
Engineer D e p a r t m e n t
Signal Service
Military telegraph and cable lines
Military Academy
Improving h a r b o r s
Improving r i v e r s
Bringing h o m e r e m a i n s of officers, soldiers, a n d 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 account
Reimbursing States a n d Territories,
e.xpenses of ijaising troops, Spanish
war
Refunding t o States expenses incurred
in raising volunteers
Claims reported b y Court of Claims
under Bowman a n d Tucker acts
Reimbursing Missouri for militia expenses
J u d g m e n t s , Court of Claims and
United States courts
Payment t o State of New York, account of w a r
1812-1815
State of Pennsylvania, account of
w a r 1812-1815
Relief of sufferers from e a r t h q u a k e
and conflagration on Pacific coast
Miscellaneous items
Total Military Establishment

$31,483.74

953.60
46, 717.07
31,372,083.65
584, 985.40
5,541,892.65
29,972, 958.41
1,138,701.55
14,001, 722.11
2,280,947.00
237, 162.09
414. 947.00
477, 890.39
7,394,492.03
15,419. 372.51

$44,437.34
1,665.49
566,749.23
370,928.55
509,333.1.8
008,1.11.29
668,499.12
391,843.85
397,746.05
196,167.31
35,633.00
933,073.09
516,441.76
438,960.52

27,482.13
2,846,933.82
3,907,685.26
1,071,554.65
743,792.25
519,100.00
121,592.26

23,318.31
1,908,624.10
3,715,785.05
1,232,629.87
578,934.43
410,100.00
125,729.23

161,075.22

200.060.93

218,065.23

18,004.30

$45,051.58
2,805,334.42
214,056.85
32,559.47
964,847.12
529,797.57
1,609,878.5
'iie,'799.'05
40,994.78
379,314.00
455,182.70
121,949.74
3.019,588.01
4,163.82.
938,309.72
191,900.21

164,857.82
109,000.00
4,136.97

1,103,853.83
731,854.15-

1,103,853.83

26,128.51

705,727.64 •

475,198.13
250,896.85

475,198.13

84,185.09

166,711.76

118,585.84

118,585.84

236,762.65

236,762.65
963,477.56

1,278,244.53

963,477.56
1,224,778.72

122,175,074.24

117,946,692.37

5,776,843.35

10,005,225.22

157.12
42,606.067.50
6,405. 566.52
7,2ii; 690.00 1,317,838.63
1,706. 961.12
7,932; 792.75
176,316.46
4,116,891.42
411,589.54
4,555,273.64
6,160. 003.15
832i 267.33
35,847.91
4,153,707.32
209,444.10
1,812, 850.66
21,770;803.17 3,506,083.70
12, 542.92

13,592.32
4,812,023.53
2,505,641.26

53,465.81

NAVAL ESTABLISHMENT.

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 and Accounts
Bureau of Medicine and Surgery
Marine Corps
.
"
Naval Academy
«
P a y of t h e N a v y
P r i z e money
.'
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
Claims r e p o r t e d b y Court of Claims
u n d e r Bowman and Tucker acts
General account of advances
Miscellaneous items
Total Naval Establishment.
Indian Service
Pensions '.
I n t e r e s t on t h e public debt
Total o r d i n a r y expenditures, exclusive of Postal Service
Postal Service
Aggregate e x p e n d i t u r e s .
N e t increase

H. Doc. 9, 59-2



13 749.44
47,418, 091.03
8,911,207.78
5,893, 851.37
1,758,711.20
7,944,886.71
3,940,574.96
4,143,684.10
6,198,930.26
796,419.42
3,944,263.22
2,748, 867.07
18,264, 719.47
1,164: 774,87

16,338.37

690,187.36

424,070.16
24,911.13
3,161,400.51
476,173.87
656,623.00
117,550,308.18 110,474,264.40

38,927.11
936,016.41
'i,*i52,'23i.'95
10,920.95

5,417.42

149,145.24

51,750.08
12,093.96

541,042.12
399,159.03
3,161,400.51
180,449.13
6,198,162.46

13,274,206.24
1,489,214.63
739,402.80
282,367.83

14,236,073.71
141,773,964.57
24,590,944.10

12,746,859.08
141,034,561.77
24,308,576.27

567,278,913.45
152,826,585.10

568,784,799.06
206,771.21
167,932,782.95 15;106,197.85

34,700,885.60

720,105,498.55

736,717,582.01 51,312,969.06

34,700,885.60

16,612,083.46

6

REPORT ON T H E FINANCES.

F i s c a l y e a r 1907.
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

|316,000,000.00
263,000,000. 00
53,000,000. 00
181,578,264.00

Total estimated revenues

813,573,264.00

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

the civil establishment
the military establishment
the naval establishment
the Indian Service
pensions
public v^^orks.
interest on the public debt
Postal Service

,

Total estimated expenditures

'.

,

|123,000,000.00
102,000,000.00
95,000,000.00
15,000,000.00
138,000,000.00
76,000,000. 00
25,000,000.00
181, 573, 264. 00
755, 573, 264. 00

Or a surplus of

58, 000,000.00

Fiscal year 1908.
The estimates of appropriations required for the fiscal year 1908,
as submitted by the Executive Departments and offices, are as
follows:
Legislative establishment
'.
ExecutivQ 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 intercoiuse
Military establishment
Naval establishment
Indian affairs
Pensions
Public works—
Legislative
Treasury Department
War Department
Interior Department
Department of Agriculture
Department of Commerce and Labor
Department of Justice




$5,618,175.00
$398,970.00
267,270.00
11,086, 706.00
2,272, 746. 00
791,290.00
5,318, 089.00
1,711,670.00
7,954, 680. Q
O
2,435,789.80 .
334,700.00
32,571,910.80
980,120.00
3,254,077.72
79,950,102.24
115,444,950.33
7,970,168. 23
138,243,000.00

.^.
"
$7,000.00
10,861,953.20
82,805,363.59
488,224.00
250,000.00
1,108,000.00
345,000.00
—

95,865,540.79

SECRETARY OF THE TREASURY.
Miscellaneous—
Legislative.
Treasury Department
War Department
Interior Department
Department of J u s t i c e . . . . „
Department of Commerce and Labor
District of Columbia

7

$5,275,229.33
16,170,542. 50
7,278,016.80
4,185,790.00
7,434,920.00
7,301,367.94
11,598,222. 00

Postal Service
Permanent annual a p p r o p r i a t i o n s Interest on the public debt
$25,000,000.00
Refunding—customs, internal revenue, etc
16,645,000.00
Collecting revenue from customs
5,500,000.00
Miscellaneous, exclusive of sinking fund and
nationaibank redemption fund.
25,741, 320.00

$59,244,088.57
206,662,190.00

72,886,320.00
Total

818,690,643.68
OPERATIONS OF THE TREASURY.

The net result of the ordinary transactions of the Government for
the fiscal year 1906 was a surplus of $25,669,322.61 as compared with
a deficit of $23,004,228.60 for the preceding year. The interest-bearing public debt was increased $800, and the debt bearing no interest
$10,165,075.20, caused by net additions of lawful money to the
national-bank note redemption fund. The increase of the debt
proper was $10,165,875.20.
The trust funds increased $52,380,900, and amounted to
$1,044,638,869 at the close of the fiscal year 1906.
Under the provisions of the actof March 14, 1900, $53,032,400 two
per cent consols of 1930 were issued in exchange for boiids of the four
per cent loan of 1907 and the three per cent loan of 1908.
The excess of revenues over expenditures and the additions to the
national-bank note redemption fund in excess of redemptions
advanced the available cash balance to $180,689,354.82 at the close
of the fiscal year, an increase for the year of $35,211,862.93.
F o r t h e first quarter of 1907 the revenues were $5,871,314.27 in
excess of the expenditures, while in the first quarter of 1906 the
expenditures were $9,574,241.56 in excess of the receipts.
The national-bank depositaries were utilized during the fiscal year
as a medium through which the excessive accumulation of money in
the Treasury was restored to the channels of trade. The balance in
bankstothecreditof the general fund July 1,1905, was $65,084,246.87,
against which there was an unpaid call for $14,659,500.- By the end
of July this balance became $52,944,109.68, and remained practically
at that figure until the end of February, when additional deposits of
publicmoneys to the amountof $9,941,000 were apportioned and
made in depositary banks in important centers. In the early part
of April an unusual stringency in the money market was relieved by
the temporary increase of public deposits with depositary banks to



8

REPORT ON T H E FINANCES.

'

facilitate the importation of gold. In the import movement thus
assisted more than $49,000,000 in gold was added to the general
stock of that metal in the country. On May 1, public moneys to the
amount of $4,220,000 were placed in depositary banks in the District
of Columbia, to avoid a local. stringency likely to arise from the
collection and deposit in the Treasury of taxes during that month.
By these measures the balance in banks to the credit of the general
fund on May 5 was $102,708,123.19, the highest point reached during
bhe fiscal year, after which it was gradually reduced to $81,101,775.33
by June 30, 1906.
Durihg the first quarter of 1907, additional temporary deposits of
public moneys were made in depositary banks to enable them to
import gold, which, by October 15, resulted in an addition of
$34,119,000 to the stock of that metal. Also on the 27th of
Sej)tember, owing to the continued accumulation of money in the
Treasury in excess of its immediate requirements, $26,000,000 of the
public moneys was apportioned and placed in existing depositary
banks, located in 26 of. the leading cities of the country, with notice
to the banks that it would be called for after February 1, 1907. The
balance in banks to the credit of the general fund on October 1 was
$124,088,475.42.
There was an increase of $186,866,727 in the monetary stock of
the country during the last fiscal year. The growth in gold was
$118,050,777, in silver $5,450,396, and in national-bank notes
$65,392,554, while Treasury notes declined $2,027,000. •
The money-in circulation July 1,1906, amounted to $2,736,-646,628,
a per capita circulation of $32.32. By October 1 the total circulation
had increased to $2,812,133,694, or $33.08per capita, 43.6 per cent
of this amount being gold.
The Treasury holdings of gold at the close of the last fiscal year was
$807,051,690.30. By October 15 this increased lo $871,893,899.77,
the largest amount of the precious metal ever held in the Treasury.
TheUnited States paper currency issued duririg the.fiscal 3^ear 1906
amounted to $629,896,000, and the redemptions were $577,445,100;
gold certificates increased $42,269,900, silver certificates $12,208,000,
while Treasury notes decreased $2,027,000. The average cost of each
piece of United States paper currency issued and redeemed was 1.571
cents, and the annual cost of maintenance of the currency issued by
the National Government averages about one-fifth of 1 per cent of
the amount outstanding.
The United States bonds pledged to secure bank circulation amount
to $520,605,210, an increase of $52,538,270 during the fiscal year.
The United States a n d o t h e r bonds held tosecure public deposits
aggregated $95,575,725, an increase of $15,170,775 since June 30, 1905.




SECRETARY OF THE TREASURY,

9

The redemptions from the reserve fund during the year were as
follows: United States notes, $11,452,195; Treasury notes, $192,810.
The redeemed notes were immediately restored to the general fund
in exchange for gold, and the reserve was thus maintained at the
amount fixed by law.
The volume of national-bank notes increased $65,392,554 during the
last fiscal year, but, notwithstanding this increase, only $296,292,885
were presented for redemption as against $308,298,760 in 1905. The
expenses incurred for such redemption were $250,924.24, which have
been assessed on the banks at the rate of $0.84528 per $1,,000 of notes
redeemed.
On March 1, 1900, the paper circulation of the denominations of
$10 and under outstanding was $720,062,845, and by October 1, 1906,
it increased to $1,087,788,228, an average annual increase of about
$56,000,000. But the needs of business, measured by the appeals
made to the Treasury for small notes duringthe last fiscal year, makes
it clear that the supply is not equal to the demand. Under existing
law, the National Government provides nearly three-fourths of the
paper circulation, but the resources for the issue of small denominations are practically exhausted, and can be adequately enlarged only
by legislation.
The receipts of moneys for redemption and exchange during the
fiscal year 1906 were $1,104,449,492, as against $1,150,625,763 in 1905.
The shipments of silver coin at Government expense for transportation during the fiscal year 1906 were $41,562,828 in standard
silverdollars and $29,378,631.40 in subsidiary coin. The average
rate for transportation was $2.15 per $1,000.
The San Francisco earthquake, April 18, 1906, was followed by a
fire which destroyed the greater part of the city. The subtreasury
was burned, and the treasure in its vaults was buried and for a
time was inaccessible. Th^ United States mint, by the vigilance
and heroic action of the superintendent and employees, was saved
with its $300,000,000 of coin and bullion.
Contributions for the relief of the stricken city, as well as moneys
withdrawn by the banks of San Francisco from their Eastern correspondents, were received at Treasury offices to the aniount of
$37,360,344.44, and through the medium of the general fund payments in like amount were made by the mint at San Francisco upon
telegraphic advice from the Treasurer of the United States.
The vaults of the subtreasury were opened May 23, 1906. The
contents were found intact and uninjured.
NATIONAL BANKS,

From the establishment of the national banking system in 1863 to
September 30, 1906, national banking associations to the number of



10

REPORT ON T H E , FINANCES.

8,380 were chartered, of which 6,189, with capital of $841,864,775, are
in active operation. During the period in question 448 national
banks failed and 1,743 were placed in voluntary liquidation. From
statistics compiled by the Comptroller of the Currency it is shown
that creditors of insolvent national banks have received, on an
average, 78 per cent on their claims.
Over one-third, or 37.2 per cent, of the national banks organized
were chartered between March 14, 1900, and September 30, 1906.
This rapid increase, an average of nearly 40 banks for each calendar
month, was due to the legislation embodied in the act of March 14,
1900, which authorized the incorporation of banks with minimum
capital of $25,000, the issue of circulating notes to the par value of
the bonds deposited, and reduced the semiannual tax on circulation from one-half to one-fourth of 1 per cent. The authorized capital
of the 3,116 banks chartered since March 14, 1900, was $178,763,300,
and the amount of charter bonds $44,831,520. Two thousand and
thirty-six banks, or practically two-thirds of the banks chartered in
this period, were organized with a capital of $25,000 each. Banks of
larger capital to the number of 1,080, with a total authorized capital
of $125,682,800, were organized in this period under authority of the
act of 1864.
Of the total number of banks chartered since March 14, 1900, 347,
with capital of $23,041,800, were conversions of State banks; 1,024,
with capital of $65,434,000, were reorganizations of State and private
banks, and 1,745, with capital of $90,287,500, were banks of primary
organization.
During the year ended Septeraber 30, 1906, 450 banks, with aggregate capital of $21,260,500, were chartered, of which 309 were banks
with $25,000 capital, and 141 with capital of $50,000 or over. Fiftythree of these banks were conversions of State banks, 134 were reorganizations of State and private banks, and 263 w'ere primary organizations. Since October 1, 1905, 82 national banks, with capital of
$13,523,000, were placed in voluntary liquidation, and 14 banks,
with capital of $1,230,000, were closed by order of the Comptroller
of the Currency. Three closed banks, with aggregate capital of
$125,000, were restored to solvency and authorized to resume business. The number and capital of national banks organized in each
State and geographical division, from March 14, 1900, to September
30, 1906, are shown in the table on the following page:




11

SECRETARY OF T H E TREASURY^

SUMMARY, BY STATES, GEOGRAPHICAL DIVISIONS, AND CLASSES, OF NATIONAL BANKS
ORGANIZED FROM MARCH 14, 1900, TO S E P T E M B E R 30, 1906.

Capital
—$50,000.

s t a t e s , etc.

No.
Maine
New H a m p s h i r e .
Vermont
Massachusetts . . .
Rhode Island
Connecticut

$360,000
280,000
200,000
3,825,000
500,000
200,000

1,487,500
730,000
3,697,000
145,000
697,000

10,145,000
1,335,000
19,430,000

256

6,656,500

35
31
17
4
27
9
32
3
9
237
12
42
17

941,000
850,000
450,000
100,000
765,000
250,000
852,500
80,000
225.000
6,375,000
300,000
1,075,000
435,000

475

12,698,500

308 30,735,000

121
8
31
158
104
34

2,405,000
1,625,000
3,123,500
215,000
800,000
4,046,000
2,750,000
915,000

10,090,000
5,300,000
7,130,000
3,180,000
2,430,000
2,150,000
2,460,000
5,335,000

1.58
110
174
22
49
179
145
55

12,495,000
6,925,000
10,253,500
3,395,000
3,230,000
6,196,000
5,210,000
6,250,000

15,879,500

283 38,075,000

892

53,954,500

32
14
112
121

2,360,000
1,285,000
1,940,000
1,885,000
205,000
200,000
. 856,000
360,000
2,830,000
3,155.000

350,000
250,000
750,000
1,550,000
510,000
450,000
1,850,000
525,000
950,000
1,405,000

99
56
89
97
13
16
55
23
125
143

2,710,000
1,535,000
2,690,OUU
3,435,000
715,000
650,000
2,706,000
885,000
3,780,000
4; 560,000

""587

Total Southern States.

330,000

143
5
22

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

15,076,000

,590,000

716

23,666,000

Total Middle W e s t e r n States .
93
51
75
73

Washington.
Oregon
California...
Idaho
Utah
Nevada
;
Arizona
Alaska

25

5,035,000

94

2,390,000

11,632,500
2,065,000
23,127,000
145,000
1,427,000
850,000

251 32,590,000

507

39,246,500

1,960.000
2,180,000
700,000
1,110,000
2,310.000
2,400,000
2,100,000
1,375,0(10
2,460,000
8,225,000
1,420,000
3,120,000
1,345,000

56

2,901,000
3,030,000
1,150,000
1,210,000
3,105,000
2,650.000
2,952;500
1,455,000
2,685,000
1.4,600,000
1,720,000
4,195,000
1,780,000

830,000
850,000

50,000
2,036

53,080,500

a Bonds deposited $44,831,520.

12
54
23
58
15
23
339
28
61
30

43,433,500

"
U
23
85
28
7
3

10,007,800

50,000

Total Island Possessions.

5,365,000

112
47
309
5

230,000
450,000
925,000
500,000
130,000
25,000
130,000

Hawaii
P o r t o Rico .




Capital.

58
28

Total E a s t e r n States .

Total United States

No.

$285,000
200,000
100,000
3,800,000
500,000
150,000

50,000

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

Total Pacific States..

Capital.

Total
organizations.

13

New York
New J e r s e y
Pennsylvania
Delaware
Maryland
District of Columbia..

Total W e s t e r n States.

No.

$75,000
80,000
100,000
25,000

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 .

Capital.

Capital
$50,000-1-.

1,050,000
750,000
8,537,800
1,000,000
355,000
325,000
330,000
50,000

.175

12,397,800
600,000
100,000

650,000

700,000

125,682,800 3,116 al78,763,300

12

R E P O R T ON T H E

FINANCES.

SUMMARY, BY CLASSES, OF NATIONAL BANKS ORGANIZED FROM MARCH 14, 1900, TO
SEPTEMBER 30, 1906.
Conversions.

Reorganizations.

Classification.
No.
Capital less t h a n $50,000.. 224
Capital $50,000 or more .. 123
Total

347

.'

Capital.

No.

Capital.

Primary
organizations.
No.

Total.

Capital.

650 $17,364,000 L,162 $29,787,500
374 48,070,000 583 60,500,000
23,041,800 1,024
90,287,500
65,434,000 1,745
$5,929,000
17,U2,800

No.

1 Capital.

2,036 $53,080,500
1,080 1251682,800
3,116 178,763,300

The number of active national banks and their aggregate authorized capital, bonds on deposit, and circulation outstanding secured
by bonds and lawful money on March 14, 1900, and September 30,
1906, together with the increase, appear in the table following:
M a r . 14, 1900. Sept. 30,1906.

N u m b e r of banks
Authorized capital
Bonds on deposit
Circulation, on bonds
Circulation, lawful money
Total circulation

3,617
$616,308,095
244,611,570
216,374,795
38,027,935
254,402,730

6,189
$841,864,775
530,772,270
527,768,924
46,134,184
573,903,108

Increase.
2,572
$225,556,680
286,160,700
311,394,129
8,106,249
319,500,378

From the foregoing it will be noted that the net increase in number
and capital of banks during the period in question was 2,572 and
$225,556,680, respectively, and also that circulation outstanding,
covered by bonds and deposits of lawful money, increased to the
extent of $319,500,378. National-bank circulation forms approximately 18 per cent of th^ circulating medium of the country.
The following table is of interest as indicating the number of
national banks in active operation at the close of each month from
October 31, 1905, to September 30, 1906; their authorized capital
stock, bonds on deposit to secure circulation, circulation secured by
bonds and by lawful money, and the average monthly market price
of 2 per cent consols:
Date.

1905.
October 31
November 30..
December 31..
1906.
J a n u a r y 31 —
F e b r u a r y 28...
March 31
April 30
May 31
J u n e 30
July 3 1 . . . . . . . .
August 31
September 30..

Number of
banks.

Capital.

Bonds on
deposit.

Average Circulation secured by— Total cirmonthly
culation
price of
outstandLawful
Bonds.
bonds.
ing.
money.

5 858 $812,026,075 $494,017,8,50 $103.5120 $489,937,806 $34,470,443 $524,408,249
5,868 815,526,075 500,269,440 103.3774 497,616,304 35,712,954 533,329,258
5,898 818,482,075 506,689,990 103.5050 504,842,313 36,072,034 540,914,347
5,935
5,968
5,999
6,032
6,069
6,107
6,132
6,162
6,189




822,022,075
824,640,275
826,055,275
827,925,275
830,163,775833,073,775
836,729,775
839,804,775
841,864,775

509,901,690
511,846,440
514,362,990
516,387,440
519,265,530
520,605,210
520,388,610
526,944,030
530,772,270

103.1875
103.3210
104.2593
103.9150
103.6923
103.9327
104.0350
105.0069
105.5078

506,365,749
509,173,566
512,221,551
514,423,519
516,036,146
517,847,749
516,573,399
524,439,160
527,768,924

36,864,331
41,630^329
42,445,416
42,222,763
43,093,514
43,264,611
44,907,646
45,413,143
46,134,184

543,230,080
550,803,895
554,666,967
556,646,282
559,129,660
561,112,360
561,481,045
569,852,303
573,903,108

SECRETARY OF THE TREASUKY.

13

Condition of national hanlcs.
The latest returns of national banks, made to the Comptroller of
the Currency, exhibit conditions on September 4, 1906, on which
date there were in operation 6,137 associations with paid-in capital
stock of $835,066,796, and surplus and other profits of $670,814,981.
The surplus proper was $490,245,124, which is nearly three times the
amount required to be accumulated and maintained under the law.
The surplus and " other undivided profits" amount to over 80 per
cent of the paid-in capital.
Of the total liabilities of the banks, namely, $8,016,021,066, over
one-half, or $4,199,938,310, is represented by individual deposits.
The deposits to the credit of banks amounted to $1,589,001,462, and
to the credit of the United States and disbursing officers of the Government $107,831,814.
The principal items of resources of the banks were as follows: Loans
and discounts, $4,298,983,316; United States bonds, $628,796,710;
otlier bonds and securities, $701,240,755; specie, $464,437,291 (of
which $363,840,256 represents gold and gold certificates), and legal
tenders $161,575,120.
Since August 25, 1905, the date of approximately corresponding
returns, there is shown to have been a;n increase of 380 in number
of reporting banks, $35,196,567 in capital stock and $50,521,024 in
surplus and undivided profits. There was an increase of $379,256,597
in individual deposits and $45,741,514 in Government deposits. The
amount to the credit of other banks decreased $35,876,120. The
deposits on which reserve was required amounted to $4,927,865,452,
on which a reserve of 20.70 per cent was held on September 4, 1906.
The cash on hand, the redemption fund, and the net amount due.
from reserve agents equaled 25.72 per cent of deposit liabilities.
On August 25, 1905, the deposit liabilities were $4,735,477,535; the
lawful reserve, 21.69 per cent, but including the net amount due
from reserve agents, with cash and the redemption fund, a reserve
was held of 27.33 per cent. Compared with August 25, 1905, the
September 4, 1906, reports show an increase of $300,474,163 in loans
and discounts and $77,315,040 in Government bonds, but a reduction
in specie and legal tenders of $31,042,162 and $8,498,727, respectively.
MINT SERVICE.

The domestic coinage of the inints during the fiscal year amounted
to 167,371,035 pieces, of the value of $60,216,747.90. Of this,
$53,002,097.50 was gold coin, $4,016,368.10 was subsidiary silver
coin, and $3,198,282.30 was minor coin. No silver dollars were
coined, all bullion purchased for that purpose being exhausted. The
mint at Philadelphia also coined 1,000,000 ten-peso pieces and
3,000,000 five-peso pieces, of the value in United States money of



14

REPORT ON T H E FINANCES.

$12,461,240.32, for the Mexican Governmeut; 700,000 fractional silver
pieces for the Government of Costa Rica; 1,000,000 half-balboa pieces
for the Government of Panama, and 1,557,629 pesos and 3,765 pieces
in fractional silver coins for the Goverment of the Philippine Islands.
The new mint at Denver has been in operation since February 1,
1906. The demands on all the mints are growing every year with
the enlargement of the gold supply and the rapidly increasing need
for the subsidiary silver and minor coins. There are indications
that the cessation of coinage of the silver dollar will cause an enlarged
use of the half dollar.
For many years, until the last year, it has been the practice to buy
the nickel and. bronze blanks for the minor coins from contractors,
but these blanks are now made at the mints from pig metal, and
with economy to the Government. In this connection, it is gratifying to state that the representatives of the mint services of foreign
governments are of late years frequent visitors at the United States
mints, and that numerous devices and methods originated in the
latter have been adopted elsewhere. The new mint structures at
Philadelphia and Denver are the most beautiful buildings designed
for coinage purposes in the world, and the mechanical equipment
and processes are of the most approved and modern type.
Renewal of silver purchases.
In my report of last year attention was called to the faet that
bullion must be had at an early day for the subsidiary coinage, and
authority was asked for the recoinage of abraded silver dollars into
fractional denominations. No action having been taken upon this
recommendation, or to provide by other means the supply of metal
required, purchases of silver bullion have been resumed under section 3526, Revised Statutes, the Attorney-Gen eral having given a
written opinion to the effect that authority for purchases existed
under this statute, and that the demand for these coins might be
supplied without limit. On the basis of the coinage of the last fiYQ
years, approximately 5,000,000 ounces of silver will be required
annually for subsidiary coinage, and with the growth of population
and business this amount will be exceededr
I repeat m}^ recommendation of a year ago that section 3527,
Revised Statutes, be amended by striking out the provision which
requires silver coins to be paid out at the mints and at the assay
office at New York. The issue and redemption of these coins should
be through the Treasury and subtreasuries. The mints should pay
out coins only on orders from the Treasurer. The effect of the law
as it stands is to create a demand on t h e mints for perfectly new
coin, although there may be already an abundance of coin in good
condition in the Treasury.



SECRETARY OF THE TREASURY.

15

Assay office in Neiu Yorh.
Congress at its last session having made appropriations of
$370,000 for repairs to the assay office, steps have been taken to
have the building put into safe and serviceable condition. When
this is done the institution will be completely equipped with an.
electrolytic refinery, which will put an end to the acid fumes which
at times have been troublesome in the neighborhood.
Production and deposits of gold.
The production of gold in the United States for the calendar year
1905 is estimated at $88,180,700, and the industrial consumption at
$33,208,615, of which $27,621,979 was of new material. The original
deposits of gold at the several mints and assay offices aggregated
$153,109,493.52.
E a r n i n g s and expenditures.
The earnings and gains of the Mint Service during the fiscal year
1906 were as follows:
Parting and refining charges...
1233,860.99
Alloy charges
14,198.03
Melting, assaying,'and stamping charges
28,798.38
Seigniorage on subsidiary silver coin
507,761.94
Seigniorage on .minor coin
2,738, 324.26
Profits on manufacture of proof coins and medals
,
1,696.98
Charges received for mounting medals
146.14
Gains on bullion deposits
49,113.60
Proceeds from sale of old material
3,425.62
Received for special assays
3,735.00
Sale of by-products
:
21,384.94
Received for manufacturing appliances for Government institutions....
18,843.26
Received for coinage for foreign countries
70,676. 00
Received for coinage for Philippine government
15,962.33
Total earnings and gains

:

3,707,927.47

The expenditures were as follows:
Equipment, Philadelphia mint
Equipment, Denver mint
Transfer of gold coin and bullion betv^een mints and assay ofiices
Paid in salaries and wages
Contingent expenses (less wastage and loss in sweeps sold)
Wastage and loss on sweeps
Expense of distributing minor coin
Loss on recoinage, minor coin
Charges paid for mounting medals
Total expenditures and loss

$13, 322. 60
131,130. 61
60, 848.71
1,060,799.24
444,588.50
27,383.97
35,609.28
10,270.97
146.14
1,784,100.02

LOANS AND CURRENCY.

The outstanding principal of the public debt June 30, 1906, was
5,159,140, an increase of $800 in the fiscal year, due to the issue
of 4 per cent bonds of the funded loan of 1907 in settlement of
accrued interest on 4 per cent refunding certificates surrendered
during the year under the act of February 26, 1879.




16

REPORT ON T H E FINANCES.

The refunding operation.^ described in the last annual report,
which were begun Octobers', 1905, were terminated November .29 following. The amount of 2 per cent consols of 1930 issued in exchange
for 3 per cent bonds of 1908-1918 and 4 per cent bonds of 1907 was
$53,032,400.
On July 2, .1906, the Department invited proposals for $30,000,000
2 per cent bonds, the proceeds to be used in the construction of the
Panama Canal. The call for bids was in the following terms:
The Secrefary of the Treasury offers to the public $30,000,000 of the bonds of the
Panama Canal loan, authorized by section 8 of the act approved June 28, 1902, and
supplemented by section 1 of the act of December 21, 1905.
The bonds will bear interest at the rate of 2 per cent per annum; will be dated
August 1, 1906, and the interest will be paid quarterly on the first days of November,
February, May, and August. They will be issued in denominations of $20, $100, aud
$1,000 of coupon bonds, and of $20, $100, $1,000, and $10,000 of registered bonds. They
will be redeemable in United States gold coin, at the pleasure of the United States,
after ten years from the date of their issue, and will be payable thirty years from such
date. They will 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. They will
be available to national banks as security for circulating notes upon the same terms as
the 2 per cent consols of 1930, to wit: The semiannual tax upon circulating notes based
upon the said bonds as security will be one-fourth of one per ceflt. They will be
receivable, like all other United States bonds, as security for public deposits in national
banks.
The law forbids their sale at less than par and provides that all citizens of the
United States shall have equal opportunity to subscribe therefor.
In pursuance of the above announcement, the Secretary invites bids for the bonds
heretofore described, which must be submitted to this Departmeut on or before the 20th
Of July, 1906. Each bid should state the amount of bonds desired b y t h e subscriber,
whether coupon or registered, the price he is willing to pay, and the place where he
desires to make payment—whether at the Treasury of the United States or at the
ofQce of some one of the Assistant Treasurers at New York, Baltimore, Philadelphia,
Boston, Chicago, St. Louis, Cincinnati, New Orleans, or San Prancisco. All bids
should be addressed to the Secretary of the Treasury, Division of Loans and Currency, and the envelopes inclosing them should be plainly marked ''Bids for Panama
Canal Bonds."
Upon receipt and classification of the bids hereby invited, the successful bidders
will be advised of the acceptance of their bids, and they will be instructed as to the
date upon which payment is desired to be made at the Treasury or some subtreasury
of the United States.
In considering bids, the bidders offering the highest prices will receive the first
allotment. Of two or more bidders offering the same price, those asking for the
smaller amounts of bonds will receive priority in allotment. -The Departaient reserves
the right to permit bidders offering the highest prices to increase the amount of their
purchases.
The Department also reserves the right to reject any or all bids, if deemed to be to
the interests of the United States so to do.
The bonds will be ready for delivery about August 1, 1906.
Prospective bidders desiring information not contained in this circular may address
the Secretary of the Treasury, Division of Loans and Currency, Washington, D. C ,
the Assistant Treasurers at Chicago, St. Louis, New Orleans, or San Francisco.




17

SECRETARY OF T H E TREASURY^

When the bids were opened July 20 it was found that their
aggregate was $446,371,300, at prices from par up to 125. The average price offered b y t h e successful bidders was 104.036-f, and the
premium received for the $30,000,000 of bonds sold to them was
$1,210,817.95.
Including the issue of Panama bonds, the public debt November
1, 1906, was $925,159,250. Of this amount bonds of the face value
of $631,542,630 were held by the Treasurer of the United States in
trust for national banks as security for circulating notes and
deposits, leaving $293,616,620 in the hands of other investors.
The changes in the amounts of the several kinds of money in the
United States outside the Treasury between November 1, 1905, and
November 1, 1906, are shown in the table following:
CoMrARATIYE ST^VTEMENT S H O W I N G THE CHANGES IN CIRCULATION.
In circulation In circulation
. Nov. 1, 1905. Nov. 1, 1906.

Classes.

Total

$651,644,998
81,822,311
107,157,932
479,965,439
471,625,776
8,594,378
340,107.480
512,213; 264

$687,686,761
83,606,468
120,278,648
575,958,419
473,419,449
6,894,518
344,516,149
574,522,374

2,653,131,-578

Gold coin
Standard silver dollars
Subsidiary s i l v e r . . .
..
. .
Gold certificates
Silver certificates
Treasury notes, act of J u l y 14,1890..
United States notes
National bank notes . . .
....

2,866,882,786

Decrease.

$1,699,860

1,699,860

Increase.
$36,041 763
1,784,157
13,120,716
95,992,980
1,793,673
4,408,669
62,309,110
215,451,068
213,751,208

N e t increase.

PUBLIC MONEYS.

The monetary operations of the Government have been conducted
through the Treasurer of the United States, 9 subtreasury oificers,
the treasury of the Philippine Islands, the American Colonial Bank,
of Porto Rico, and 962 national bank depositaries. The amount of
public moneys held by the bank depositaries on June 30, 1906,
including funds to the credit of the Treasurer's general account and
United States disbursing officers, was $90,443,923.66, an increase
since June 30, 1905, of $16,686,567.01. On June 30, 1906, there were
317 regular and 606 temporary depositaries; 121 were designated
during the fiscal year and 35 discontinued. On November 1, 1906,
the number of depositaries was 1,106, and the amount of public
moneys held by them was $148,975,346.14.
ENGRAVING AND PRINTING.

The demand on the Bureau for United States notes, silver certificates, and other securities is insistent and increasing.
The
increase in the number of sheets delivered in 1905 over 1904 was 3.4
per cent, and in 1906 over 1905 was 9 + per cent. Before Congress had




18

REPORT ON T H E FINANCES.

an opportunity to consider the estimates for the fiscal year ending
June 30, 1907, the Treasurer of the United States increased his
requirements by 8,000,000 sheets of certificates, and the Comptroller
of the Currency increased his requirements by 2,000,000 sheets of
national-bank notes, making a total increase of 10,000,000 sheets of
notes and certificates. The estimates for 1908 show an increase over
the amended estimates for 1907 of 12,319,269 sheets, or 6.1 per cent.
This increase is entirely to supply the current business of the
country, and does not take into consideration any increase that may
be necessary should Congress provide for a more elastic currency or
for more frequent redemptions of the notes and certificates issued by
the Government in response to the demand for clean money.
To provide the notes, certificates, and securities required by the
estimates of the officers supervising their issue, the Bureau of
Engraving and Printing is working a very large proportion of its
force overtime, and a large force of printers and their assistants
and a smaller force of operatives in the examining and the numbering divisions are working at night. The working of any portion of
the force of the Bureau beyond the regular hours and at night is for
obvious reasons objectionable. Some steps must therefore be taken
to dispense with the necessity for so doing. No further extension
of the present building can be made, for the reason that its site is
now occupied as far as it is possible to utilize it. The only adequate
relief will be the erection of an entirely new building designed and
constructed for the special purposes of this Bureau. This building
should be in every way adapted to the work, having the rooms for
the several divisions conveniently arranged, and should embody all
of the improvements in building construction and in the operation
of machinery, including electric 1 ight and power and other processes,
that have been developed during the twenty-five years since the
completion of the building now occupied. The present building can
be readily utilized for other governmental purposes. I specially call
the attention of Congress to this subject, and urge that provision be
made for the erection of a proper building for the execution of the
important work of this Bureau.
The work delivered during the year aggregated 180,289,766 sheets—
an increase over 1905 of 14,935,252 sheets, or slightly over 9 per
cent. In addition to the impressions delivered, miscellaneous work
was executed to the value of $118,293.70—an increase over 1904 of
$28,875.98, or 32.3 per cent. The aggregate amount available for
the operations of the Bureau during the year from appropriations and
repayments was $3,378,117.72. The aggregate amount expended for
all purposes connected with the work of the Bureau was $3,355,786.23.
The increase in expenditures for 1906 over 1905 was $63,569.17, or
1.93 per cent. There was an unexpended balance of $22,331.49.



SECRETARY OF THE TREASURY.

19

Work on the additional building authorized by the act of March
3, 1903, was completed in March, 1906. The expectation heretofore
expressed that upon the completion of this building there would be
no further occasion for night work has not been realized because of
the increase in the work above stated.
Notwithstanding the large increase in the work required of the
Bureau, it has promptly filled all orders given it for securities. A
notable instance in this respect is the order for the bonds of the
Panama Canal loan. The final instructions for these bonds were
given on July 6, 1906, and the bonds were delivered August 1, 1906.
PUBLIC BUILDINGS.

During the past year the Department has completed and occupied
67 buildings; 35 are now in course of erection; 23 authorized prior
to June 30, 1906, have not, for various reasons, been commenced„
The total number of buildings completed and occupied under the
control and maintenance of this Department is 515, of which 43 are
marine hospitals and quarantine stations. In addition, 46 sites had
been acquired prior to June 30, 1906, for which no construction
appropriations were provided until that date.
Congress, by act past June 30, 1906, made provision for the purchase of many sites and the erection of numerous buildings. This
legislation may be briefly summarized as follows: The limits of cost
of 43 buildings previously authorized were increased ; three specific authorizations were made for the purchase of additional land;
provision was made for the enlargement, extension, remodeling, or
improvement of 45 buildings, 28 of which require enlarged sites;
limits of cost were fixed and appropriations made for 41 buildings
upon sites already owned by the Government; 5 buildings were
authorized in certain cities upon condition that the sites do not
exceed $1 in cost; 86 sites without buildings were ordered to be
purchased, and 116 sites with buildings were provided for. The
total amount authorized was $27,569,000, and $10,306,600 was appropriated with which to begin the work. Energetic measures have
been taken to carry this legislation into effect. Advertisements for
the purchase of sites were issued immediately upon the approval of
the act, and agents of the Department are now reporting upon the
properties offered. Some of the sites^ have already been selected,
and it is believed that this preliminary work will be completed early
in the coming calendar year.
Nearly all the buildings authorized in the omnibus public building acts approved June 6, 1902, and March 3, 1903, were either
finished or under contract by J u n e 30, 1905, atwhich date it became
necessary to reduce largely the technical force of the Supervising
Architect's Office on account of lack of work. The disorganization



20

REPORT ON T H E FINANCES.

of that highly trained force is now seriously felt, and although every
effort is being made to overcome the handicap, the work of reorganization is proceeding slowly, due chiefly to the fact that men well
equipped with architectural knowledge now find more stable employment and. higher salaries in the fields of private enterprise. It is
hoped that when the office in question is reorganized upon the basis
of its former efficienc}^ the necessity to impair its usefulness will not
arise again. This could be averted by the passage each year of a
bill carrying a moderate number of public buildings. Such a policy
would result in their prompt commencement and completion without
undue strain upon the Department, and at the same time insure
stability in the architectural force—a condition absolutely necessary
in a great construction bureau.
The Department has continued its policy of designing public buildings along lines as nearly classic as possible. This has been done
without sacrificing the purposes for which they are intended, and it
has resulted in the erection of many buildings which well represent
the Government in their dignity and strength. In the rapid evolution of Federal architecture, a type of building has been reached
equal in all respects to the best examples of modern construction.
The following tables show the operations of this Department with
respect to public buildings during the fiscal year ended June 30,
1906:
E X P E N D I T U R E S D U R I N G THE FISCAL Y E A R

1906.

For sites, for the construction of public buildings, and for extensions
and repairs especially appropriated for
$7,996, 525. 82
For repairs and preservation
425,379.15
For heating apparatus
195,308. 39
For .vaults, safes, and locks
:
55, .556.35
For plans, including books and periodicals
894.83
Total

8,673,664.54
CONTRACT L I A B I L I T I E S EXISTING ON J U N E 30,

1906.

On account of sites, for the construction of public buildings, and for
extensions and repairs especially appropriated for
$8,032,373.69
Less authorized contract liabilities in excess of amounts appropriated.
653,866.18
Net contract liability payable
On account of appropriations
On account of appropriations
On account of appropriations
On account of appropriations
icals

from amounts appropriated
7,378,507. 51
for repairs and preservation
103, 600.40
for heating apparatus
134,656. 60
for vaults, safes, and locks
33, 289. 61
for plans, including books and period".
0.00

Total

7, 650,054.12
BALANCES AVAILABLE ON J U N E 30,

1906.

For sites, for the construction of public buildings, and for extensions
and repairs especially appropriated for
^14, 674,351. 05
For repairs and preservation
6,167. 86
For heating apparatus
7,638.01
For vaults, safes, and locks
441.36
For plans, including books and periodicals
5,193.62
Total




14,693,791.90

SECRETARY OF T H E TREASURY.

21

PUBLIC HEALTH AND MARINE-HOSPITAL SERVICE.

The Surgeon-General reports 54,363 patients'treated during the
year. Of these, 13,925 were treated in Hospital and 40,438 were
out-patients.
Aid was extended to other branches of the Government in the
physical examination of 5,348 persons, of whom 435 were rejected.
One hundred and seventeen seamen were examined to determine
their fitness for shipment on merchant vessels of the United States,
of whom 14 were rejected.
A total of 1,175,000 arriving aliens were examined by medical
I officers of the Service to determine their physical fitness for entrance
into the United States and its dependencies. The details of officers
at Naples, Quebec, St. John, Winnipeg, Victoria, and Yancouver
for the medical inspection of aliens bound for the United States
were continued. The officers on duty at ports in Japan and China,
. in addition to their quarantine duties, also inspected aliens at the
request of the Department of Commerce and Labor.
Personnel.
At the close of the fiscal year the commissioned corps of the Service
consisted of 118 officers as follows: The Surgeon-General, 5 assistant
surgeons-general, 28 surgeons, 56 passed assistant surgeons, and 28
assistant surgeons. Of this number, 8 commissioned officers were
assigned to duty in the offices of American consuls in foreign ports;
3 were continued upon detail to the Panama Canal Commission; 14
were assigned to the Immigration Service for the examination of
aliens; 7 to the quarantine service of the Philippine Islands, and 7
detailed for duty upon vessels of the Revenue-Cutter Service.
Three sanitary inspectors, 205 acting assistant surgeons, and 45
pharmacists were on duty at the close of the fiscal year.
Expenditures,
The balance of the Public Health and Marine-Hospital fund available at the commencement of the fiscal year was $230,124.98. The
receipts from all sources, tonnage tax, repayments for care of foreign
seamen, reimbursement for Immigration Service, etc., and including
an appropriation of $200,000, were $1,280,461. The expenditures
were $1,090,272.51.
The balance on hand at the end of the fiscal year was $420,313.47,
from which should be deducted estimated amount of outstanding bills
and liabilities $82,000, leaving an estimated balance of $338,313.47.
Congress at its last session made an appropriation for the expenses
'Of the Service during the fiscal year ending June 30, 1907. The
unexp'^ended balance of the Public Health and Marine-Hospital fund
will be therefore turned into the Treasury.
H. Doc. 9, 59-2



3

22

'

'

REPORT ON TBEE FINANCES.

The balance of the appropriation for preventing the introduction
and spread of epidemic diseases at the beginning of the fiscal year
was $331,476.69. An appropriation of $200,000 was provided by
Congress, in addition to the available balance reappropriated. The
expenditures were $234,023.65, leaving a balance June 30, 1906, of
$297,453.04.
The appropriation for the maintenance of the quarantine service
was $340,000. The amount of repayments was $1,702.19. The
expenditures were $308,330.04, leaving a balanee at the end of the
fiscal year of $33,372.15. Deducting outstanding bills and liabilities
leaves an estimated balance of $16,297.82.
National quarantine service.
The inspection, detention, and disinfection, when necessary, of all
vessels prior to entry have been continued at 40 national domestic
quarantine stations upon the Atlantic, Gulf, and Pacific coasts of the
United States. During the fiscal year 5,957 vessels have been
inspected and 687 disinfected. National quarantine has been maintained at 8 stations in the ports of Porto Rleo, 7 in Hawaii, and 7 in
the Philippines.
Surveillance upon the Canadian and Mexican borders has been
maintained to prevent the introduction overland of the quarantinable diseases.
Medical officers have been stationed at Havana, Matanzas, and
Cienfuegos, Cuba; at 8 fruit ports in Central America; at Vera
Cruz and Progreso in Mexico; at Guayaquil, Ecuador; Callao, Peru,
and at Colon, Panama. These officers have continued to exercise
supervision over outgoing vessels bound for the United States and
its insular possessions and dependencies.
Under the act of Congress approved June 19, 1906, overtures have
been made for the purchase from State authorities of the quarantine
plants at ports where quarantine is necessary to prevent the introduction of yellow fever, namely: Galveston and other ports in Texas;
Mississippi River Quarantine Station in Louisiana; Mobile in Alabama, and Charleston and other stations in South Carolina. The
negotiations in most cases are still pending. South Carolina having
by an act of legislature last winter provided for the transfer of
her quarantines to the United States, the property of the State has
been leased and the National Government has assumed the quarantine function.
Yelloio fever.
The report of the Surgeon-General contains a detailed account of
the epidemic of yellow fever in New Orleans' and other portions
of Louisiana, and in Mississippi and Florida, last summer and fall,



SECRETARY OF THE TREASURY.

23

to which reference was made in my last annual report. Owing to
sanitary measures adopted in the places infected and to great care
in the administration of quarantine, there has been no recurrence
of the fever during the summer and fall just past.
Tuberculosis.
In accordance with Executive order of February 28, 1906, a sanitary inspection of the Government buildings and workshops, other
than those under the Departments of War and Navy, in the District
of Columbia, has been made by a board of officers appointed for this
purpose, having for its object the prevention of tuberculosis among
Government employees. Under the terms of the same order a like
inspection will be made in other cities of the United States.
Typhoid fever.
The prevalence of typhoid fever hasbeen studied in several localities. In response to a request from the Commissioners of the District
of Columbia, with the approval of the Treasury Department, a
board of officers is now engaged in making a comprehensive investigation into the origin and prevalence of this disease in the District.
Leprosy. *
The investigation of leprosy at Molokai, Hawaii, provided for by
act of Congress approved March 3, 1905, has been undertaken. The
director of the station to be erected has been appointed. Plans of
the buildings have been completed, and specifications and working
drawings are nowin course of preparation in the office of the Supervising Architect.
The Surgeon-General renews his recommendation fpr the establishment of a home for lepers in the United States.
Smallpox.
Smallpox was reported during the fiscal year in 43 States and one
Territory and the District of Columbia, with a total of 10,554 cases
and 122 deaths. As shown by previous reports, there has been a
steady annual decrease in this disease since 1902, in which year the
number of cases was 55,857 and deaths 1,852.
Cholera.
In the Philippine Islands, during the fiscal year, there were 359
cases of Asiatic cholera and 321. deaths at Manila, and 4,087 cases
and 3,033 deaths in the provinces outside of Manila. Careful quarantine of outgoing vessels prevented the disease from being carried to
any other country.



24

REPORT ON THE FINANCES.

Sanitary conferences.
The Second General International Sanitary Convention of the
American Republics was held in Washington October 9-14, 1905, at
which 11 republics were represented. A convention dealing with
plague, cholera, and yellow fever was signed ad referendum., and was
ratified by the President of the United States with the advice and
consent of the Senate May 29, 1906. Most of the republics represented have likewise confirmed the agreement, and it is believed
that all the American republics will adopt it, as recommended by
resolution of the International Conference of American States at
Rio de Janeiro in July and August of the present year.
The fourth annual conference of State and Territorial boards of
health with the Surgeon-General of the Public Health and MarineHospital Service was held in Washington May 23, 1906. Twentyseven States, one Territory, and the District of Columbia were
represented. The subjects of discussion were car sanitation, pollution of water supplies, and prevention of tuberculosis.
LIFE-SAVING SERVICE.

The Life-Saving Establishment at the close of the fiscal year
embraced 278 stations, distributed as follows: Atlantic and Gulf
coasts, 200; coasts of the Great Lakes, 60; Falls of the Ohio (Louisville, Ky.), 1; Pacific coast, 17 (including a station at Nome, Alaska).
The number of documented vessels sustaining disaster within the
scope of station operations during the year was 357. There were
4,099 persons on board these vessels, of whom 19 were lost. The
value of property imperiled is estimated at $14,736,350, viz: Vessels,
$10,187,545; cargoes, $4,548,805. The estimated valueof property
saved was $11,972,280, and of property lost $2,764,070. ' The number
of vessels totally lost was 49.
Undocumented vessels—sailboats, rowboats, etc.—to the number
of 491 sustained casualties involving 1,221 persons, of whom 10 were
lost. The estimated value of property involved was $304,790, of
which $293,820 was saved and $10„970 lost.
There were succored at the stations 811 persons, 1,727 days' relief
being furnished.
The foregoing figures aggregate as follows:
Number of disasters
Vessels totally lost
Number of persons involved
Number of persons lost
:
Number of shipv^recked persons succored at stations
Number of days' succor afforded
Value of property involved.
Value of property saved
Value of property lost



:

848
49
5,320
...
29
811
1,727
^15,041,140
$12,266,100
|2,775,040

SECRETARY OF THE TREASURY.

25

The station crews also rendered assistance of more or less importance to many yessels not included in the preceding figures, the total
number to which aid was extended being 1,245. The lives of 66 persons who had fallen from docks, wharfs,'etc., or who were otherwise in dangerous situations not connected with vessels, were saved.
One hundred and seventy-four vessels were warned of clanger by the
signals of the patrolmen and watchmen of the Service in time to
avert disaster. These warnings were given at night in 161 instances,
and in 13 cases during the day in thick weather. Ninety-seven of
these vessels were steamers.
The neb expenditure for the maintenance of the Service during
the 5^ear was $1,832,465.93.
The stations at Cape Henry, Va., and Fletchers Neck, Me., mentioned last year as in process of rebuilding, were completed during
the year. Extensive improvements were also made to a number of
other stations.
Sites were selected during the year for new stations at Fishermans
Island and Myrtle Island, Virginia, and steps taken to secure a site
for a new station on Neah Bay, Washington, pursuant to act of
Congress approved April 19, 1906.
Titles have been secured to sites for new stations at Eagle liarbor,
Mich., Tillamook, Oreg., and Bethany Beach, Del.
The Service sustained considerable loss in the earthquake and fire
disaster which devastated San Francisco in April last. Its storehouse
was wrecked and burned, and life-saving apparatus and miscellaneous station supplies to' the value of several thousand dollars
were destroyed. The life-saving stations at and in the vicinity of
San Francisco were also considerably damaged by the earthquake.
The crews of the stations affected, however, were able to render much
valuable service in fighting the fire, transporting supplies, succoring
the homeless, and in other ways ministering to the needs of the
victims of the disaster.
The coast telephone system has been improved and extended as
the needs of the Service required. Upward of 1,500 miles of
line are now in operation. On the Long Island and New Jersey
coasts a number of patrol telciphones bave been installed midway
between stations with a view of securing to the keepers speedy news
of the occurrence of shipwreck, and such information of attendant
circumstances and conditions as will enable them to determine what
apparatus it is advisable to convey to the place where the rescue of
life and property is to be attempted, thus saving much valuable time.
This new feature also additionally safeguards the patrol system.
For some years the Service has been engaged upon the problem of
the application of mechanical power to the lifeboats used at the sta-.
tions. In 1899 a gasoline motor was installed in a self-righting and




26

REPORT ON T H E EINANCES.

self-bailing lifeboat at the Marquette station, with fair results. The
tests made, however, suggested a number of important improvements, which were adopted and advantageously applied to another
boat. Subsequently, power was installed in several of the largest
Service lifeboats with results that have fully demonstrated the great
value of this addition to the life-saving equipment. During the
past year seven additional self-righting and self-bailing lifeboats were
supplied with gasoline motors and one new power boat was constructed.
These boats have enlarged the scope of the Service wherever they
have been placed and expedited its operations by enabling the lifesaving crews to respond more promptly to calls of distress and to
cover great distances more speedily and safely than was possible by
oars and sails alone. They are capable, also, of being maneuvered
with greater facility and less danger wherever the depth of water
renders their use practicable. It is proposed to place them, as
rapidly as available funds will permit, at all stations where they can
be advantageously used.
Important improvements have also been made in the boat wagons
and the apparatus carts of the Service, as well as in several other
appliances used in wreck operations, all of which have contributed
to the effectiveness of work on the beach.
While it is gratifying to note these betterments in the wrecking
equipment, and the generally effective condition of the materiel of
the Service, I am compelled to admit a steady decline i n t h e efficiency
of the personnel during recent years in consequence of the inability
to offer adequate inducement to proved veterans to remain in the
Service or to promising recruits to fill the places of those who leave.
Owing to the great advance in wages in outside and less dangerous
employment, and the increased cost of living, this decline has been
constant, and has now become a matter of serious concern. As a
rule, the most capable men now in the crews are those who have past
the vigorous period of life, while the best brawn and muscle have
quit, and the vacancies have had to be filled by inferior men.
Those of advanced years, and necessarily more or less impaired vigor,
ought not, it is true, to be subjected to, or relied upon to endure, the
hardships incident tothe vocation of a surfman, but they are retained
because under existing conditions they are the best to be had.*
During the progress of this decadence attention has been several
times called to the necessity of remedial measures, and what are
regarded as the only two adequate remedies have been pointed out.
The choice lies between an increase in the compensation of keepers
and surfmen and a provision for their retirement upon a suitable
rate of pay. The Department has recommended the adoption of
the latter as being much less expensive, more desired by the corps,
and more consistent with the spirit of the age as evidenced by the




SECRETARY OF TPIE TREASURY.

27

action of nearly all the principal cities in the Union under the sanction of State legislation with regard to their policemen and firemen,
and even here in the District of Columbia under the authority of
Congress.
Several of the State legislatures have recommended the application of this provision to the crews of the Life-Saving Service, the
chief maritime interests urge it, and the press seems to be nearly,
if not quite, unanimous in its favor. A bill with this object in view
is now pending in both Houses of Congress, indorsed by the favorable report of this Department. In the Senate the Committee on
Commerce has made a unanimous report in its favor, and it is
earnestly hoped that it may be past during the present session of
Congress. It is believed that its • enactment would speedily restore
the personnel of the Service to its former high estate, and even
render it more efficient than ever.
REVENUE-CUTTER SERVICE.

Following is an abstract of the regular work performed by the
Revenue-Cutter Service during the fiscal year 1906, together with
the net expenditures:
Lives saved (actually rescued) from drov^ning
Persons on board vessels assisted
Persons in distress taken on board and cared for
Vessels assisted
Vessels boarded and papers examined
Vessels seized or reported for violation of law
Fines and penalties incurred by vessels reported
Value of vessels assisted and their cargoes
Vessels examined, or spoken by patrol fleet during yellov^-fever epidemic
Net. expenditure:
Appropriation for maintenance
\
Unexpended balance

17
1,664
1,285
131
17,344
378
$67,410
$5,012,955
1,923
$1,450,000
a ^2,188.67

The operations of the Service have continued actively along the
seacoast of the United States, including Alaska, the Hawaiian Islands,
and Porto Rico, and on the waters of the Great Lakes. Much
important work has been done by revenue cutters in Bering Sea and
the Arctic Ocean, where extended cruises have been made for the
protection of fur-seal, salmon, and other fisheries and ,the public
interests generally. There have been in commission 23 vessels of the
larger class, and 16 harbor vessels and launches which are engaged
at various ports in boarding duty and the enforcement of anchorage
laws.
Fourteen officers have been on duty in connection with the LifeSaving Service, one as inspector of that Service and the others as
assistant inspectqrs. They haye performed the usual duties of
inspecting the various life-saving districts, drilling the crews, and
a No allowance made for unexpected claims.




28

REPORT ON T H E FINANCES.

superintending the construction of buildings and life-saving appliances, etc. One officer is on duty with the Immigration Service at the
port of New York.
During the prevalence of yellow fever in the South, which continued from July to November, 1905, the Revenue-Cutter Service rendered effective aid in maintaining a quarantine patrol on the Gulf
coast from Louisiana to Florida and preventing the introduction of
the disease into the seaport towns by the water routes. Six revenue
cutters and 6 chartered vessels, each in charge of an officer of the
Service, composed the patrol fleet whieh cooperated with the Public
Health and Marine-Hospital Service and examined or spoke 1,923
merchant vessels, a considerable number of which it was found
necessary to place in detention. Not a case of yellow fever entered
any locality by water within the limits of the patrol.
Great assistance was rendered by the Service to San Francisco
immediately following the earthquake of April 18, 1906. Many
lives and a large amount of property and treasure, the value of which
can not be estimated, were saved by the efforts and resourcefulness
of officers and men, while timely aid was given to numerous homeless
and stricken people. The Service cooperated with the municipal
authorities and the Army in preserving order, in checking the progress of the conflagration, which threatened to destroy the entire city,
and in the transportation and distribution of supplies.
Revenue cutters have, by direction of the President, continued to
cruise actively on the Atlantic coast during the winter months for
the relief of distrest shipping. Succor in various ways has been
afforded a large number of disabled and stranded vessels and their
crews. Derelicts and other dangerous obstructions to navigation
have been promptly removed or destroyed whenever it was practicable to do so.
The enforcement of the regulations governing the conduct of
regattas, as required by law, has been effectively maintained in
every instance coming under the supervision of the Service, which
has insured a proper control of these events and the safety of participants and spectators.
.
Vessels.
I strongly recommend the passage of Senate bill 925, which has
been amended and reported favorably to the House by the Committee
on Interstate and Foreign Commerce. This bill provides for the construction of a first-class cutter for Puget Sound, a first-class cutter for
Savannah, Ga., and adjacent waters on the Atlantic coast, an able
sea^going tug for New Bedford, Mass., and the waters of Vineyard and
Nantucket sounds, and a boarding vessel for duty at New Oiieans, La.
These vessels are urgently needed to improve the efficiency of the




SECRETARY OF THE TREASURY.

29

Service at tJie points named. It has been found necessary to discontinue the services of the Grant on Puget Sound.(where she has been
stationed for many years) owing to her present deteriorated and
unseaworthy condition and to the fact that she is not worth further
repairs. This will leave Puget Sound, with its extensive maritime
interests, and the dangerous outlying waters of the coast of Washington, without a regular cruising cutter. The pressing need of a
new vessel to take the place of the Grant is apparent.
Two vessels, one for the coast of Maine and one for Albemarle and
Pamlico sounds. North Carolina, are now in process of building, and
proposals will be solicited as soon as practicable for the construction
of a seagoing tug for life-saving purposes for the north Pacific coast
and an able steamer for destroying derelicts at sea, the last two having
been authorized by the present Congress. Repairs to the Thetis have
been completed, and she is under orders to make the annual cruise
to the Arctic Ocean. The additional appropriation allowed for special
repairs will enable me to put in good condition a number of vessels
which are greatly in need of repairs.
Personnel.
The act to promote the efficiency of the Revenue-Cutter Service,
approved June 23, 1906, is in accordance with the recommendations
contained in my report of last year, and will be the means of providing in due time a sufficient number of junior line officers for the
various ships. This law contains also other provisions which will
prove of marked benefit in the administration of the affairs of the
Service.
The limited number of grades, both in the line and staff, makes
promotion unreasonably slow, particularly in the engineer corps, and
I recommend that officers after performing ^ve years' service in the
grade of third lieutenant, or that of second assistant engineer, and
upon passing the examinations now required by law, be eligible for
promotion to the next higher grade.
I renew my previous recommendation that the senior 10 chief
engineers be given longevity increase of pay up to 60 per cent on the
basis of 10 per cent for every five years of service.
Suitable legislation should also be enacted in behalf of the warrant
officers and enlisted men; they should be granted the "same benefits
as to length of service, retirement, and pensions as are accorded to
men of other military branches. I t is hoped that adequate provision
in this respect will soon be made for them. The law contemplates
that the pay of petty officers, seamen, and others on revenue cutters
should be as high as the average wages paid to merchant sailors, but
while the appropriation for the Service for the fiscal year 1907 will
permit of a small increase of pay to enlisted men, the increase will not
be sufficient to correct the inequality.




30

.

REPORT ON T H E FINANCES.

Discipline.
Much will be gained in maintaining the discipline of the Service
by the act approved May 26, 1906, to regulate enlistments and punishments. This measure, which has been long needed, provides the
legal means for the prompt punishment of desertion and other infractions of discipline.
Wireless telegraphy.
In my last report I called attention to the need of having wireless
telegraphy on all first-class cruising cutters. In view of the proved
advantages of such a system on seagoing vessels, and especially its
great usefulness on public craft charged with assisting distressed
mariners, the matter should not be longer delayed. I therefore recommend that $45,000 be appropriated for installing and operating
the. apparatus as suggested. •
SECRET SERVICE.

In the suppression of counterfeiting the secret-service division
reports a satisfactory diminution of activity on the part of makers
of fraudulent notes and coins. But three new counterfeit issues
were noted during the year, and their circulation was restricted to
comparatively small amounts. The total of counterfeit money of all
denominations confiscated and destroyed was a trifle over $38,000,
about equally divided between notes and coins. This is nearly
$100,000 less than it was ten years ago. There were 356 prosecutions
for violations of the laws relating to counterfeiting. During the last
six months of the fiscal year there was not one new counterfeit note
issued. Specialists in criminal investigation have been provided by
the secret-service division to conduct important investigations for
other Departments, and there have been many arrests and prosecutions for fraudulent naturalization and for violations of the laws
relating to public lands.
REPAIRS TO TREASURY BUILDING.

That portion of the Treasury building which was first constructed
is built of sandstone, and the east front is in need of restoration.
This is due to the faet that disintegration of the stone has set in, and
some portions of it have already fallen. This condition is dangerous,
and the architectural appearance of the building would be decidedly
improved by replacing the sandstone with granite. The constant
cost of repairs would also be avoided, and I strongly recommend that
this improvement be made.
There is now on the books of this Department an appropriation
of $175,000, made for the purpose of improving the ventilation of the




SECRETARY OF THE TREASURY.

31

Treasury building, of which $162,147.42 remains unexpended. The
problem of ventilation having been solved, it is recommended that
said sum of $162,147.42 be reappropriated, together with $162,852.58,
making in the aggregate $325,000 for replacing the east front of the
Treasury building, including the colonnade, with granite, which is
the estimated cost of said work.
DISTRICT OF COLUMBIA.

The net expenditures on account of the District of Columbia for
the fiscal year 1906 were $11,487,249.80. The net revenues deposited
in the Treasury on this account for the same period were $5,993,018.96.
The amount of the funded debt retired during the year was
$463,650, reducing the annual interest charge by $16,923.22. Since
the close of the year the debt has been further reduced by the purchase
of 3.65 per cent bonds to the amount of $358,600. The bonded debt
outstanding O c t o b e r l , 1906, was $11,229,100 in bonds bearing 3.65
per cent interest.
Total issue of the 3.65 per cent bonds is limited by law to $15,000,000,
and of this sum $14,997,300 has been issued.
The act of Congress approved March 31,1906, provides that the 10 per
cent retentions from District contracts for the construction of bridges
and sewers shall be held for a i)eriod of one year instead of five years,
as heretofore. The act also applies to all contracts of this character
now completed and accepted. This has increased the number of settlements during the year, and retentions from 67 contracts, amounting
to $163,611.59, were canceled by the return to the contractors of
$111,950 in bonds and $38,091.11 in cash, leaving in the hands of
the Treasurer $296,087.90 in retentions, represented by $208,240 in
bonds and $67,914.89 uninvested cash.
Detailed information in regard to the affairs of the District of
Columbia will be found in the report to be submitted by the District
Commissioners and by the Treasurer of the United States, ex officio
commissioner of thQ sinking fund of the District.
STATE BONDS AND STQCKS 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|
430,666.661

A history of these State stocks and bonds is given in House Document No. 263, Fifty-fourth Congress, second session.




32

REPORT ON T H E FINANCES.
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, 1906.
T h e principal of all notes held August 1, 1906, amounted to
$14,703,178.90, and first-mortgage bonds to the amount of $14,704,000
are held as security for the payment thereof.
(
TERRITORY OF HAW^AII.

The debt of Hawaii assumed by the terms of the joint resolution
of July 7, 1898, 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, except $2,894.31 in postal savings
certificates, not yet presented for payment.
The 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 28 awards, amounting to $3,357.65, are now outstanding.
INTERNAL REVENUE. ,

The most important legislation affecting internal revenue enacted
by the last session of Congress is the act approved June 7, 1906, providing for the withdrawal from bond, tax free, of domestic alcohol
rendered unfit as a beverage or for liquid medicinal uses by the
admixture therewith of denaturing materials. This legislation is
in harmony with similar laws adopted during the last fifty years by
nearly all foreign countries.. Its prime object is to furnish cheap
alcohol for domestic and manufacturing purposes. The present
internal-revenue tax per wine gallon on alcohol at 180 degrees proof
is $1.98. This ,tax is removed by the act.
It is believed that by means of this legislation not only will the
manufacturing interests of our country using alcohol be placed on
equal footing with those of other countries, but there will be marked
benefit to the people at large in securing a new product for the production of heat, light, and power, and that this new product will be
a competitor with kerosene, gasoline, and coal in our domestic and
farm life. The use of wood alcohol for domestic and manufacturing
purposes will be largely, if not completely, displaced by this product.
There will be some loss of revenue to the Government through
this new legislation, though the amount of such loss can not now be
definitely stated, but the benefits accruing to the people will greatly
outweigh the loss of revenue.



33

SECRETARY OF THE TREASURY.

Regulations and instructions relative to the enforcement of the
act (effective January 1, 1907) were promulgated by the Department
September 29, 1906.
The receipts from internal-revenue taxes for the fiscal year 1906,
as shown by collectors' reports, were $249,102,738, a net increase over
1905 of $14,914,761.63.
The following items show increases for 1906: Distilled spirits,
$7,435,542; manufactured tobacco, $2,763,086.88; fermented liquors,
$5,281,305.38; filled cheese, $1.40; mixed flour, $918.84; adulterated
butter, $5,319.46; banks, bankers, etc., $50.10; total increases,
$15,486,224.06.
The following items show decreases for same period: Oleomarga-.
rine, $35,440.88; jprocess or renovated butter, $18,657.17; miscellaneous, $517,364.38; total decreases, $571,462.43.
The total expenditures for the maintenance of the Internal Revenue
Service for the fiscal year 1906 were $4,727,170.11. The cost of collecting $1 of internal revenue was $0,019.
The following table gives a comparative statement of receipts for
the fiscal years 1905 and 1906. For a more detailed statement reference should be made to the report of the Commissioner of Internal
Revenue:
RECEIPTS FROM INTERNAL REVENUE IN 1905 AND 1906, AS SHOWN BY COLLECTORS'
REPORTS.
Fiscal year ended J u n e 30—
Objects of taxation.
Distilled spirits
Manufactured, tobacco
F e r m e n t e d liquors
Oleomargarine
Filled cheese
Mixed flour
A d u l t e r a t e d b u t t e r '.
Process or renovated b u t t e r
Miscellaneous
Total

1905.

1906.

Increase. .

$135,958,513.12 $143,394,055.12 $7,435,542.00
45,659,910.50
48,422,997.38 2,763,086.88
50,360,553.18
55,641,858.56 5,281,305.38
605,478.81
570,037.93
1.40
1.40
1,648.39
2,567.23
918.84
3,938.97
'
9,258.43
5,319.46
156,735.26
138,078.09
50.10
50.10
a923,833.76
1,441,198.14
234,187,976.37

249,102,738.00

Decrease.

$35 440 88

18,657.17
517,364.38

14,914,761.63

a i n c l u d e s $489,347.26 from playing caj'ds, $283,991.62 from penalties, $142,148.22 from legacies
on which the tax had accrued prior to the repeal of the act, and $8,346.66 from miscellaneous
sources.

The total production of distilled spirits, exclusive of fruit brandies,
was 145,666,125.1 taxable gallons against 147,810,794.3 gallons in
1905, a decrease of 2,144,669.2 gallons.
The production of fruit brandies decreased 1,004,512.5-gallons.
During the fiscal year 1906, 1,885 distilleries of all kinds were
operated, an increase of 113.
The production of beer was 54,724,553 barrels, an increase of
5,202,524 barrels.




34

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

The past fiscal year shows the largest customs receipts in the
history of the country. Over three hundred millions of dollars were
collected in. customs duties at the different ports. Previously, the
fiscal year of largest customs receipts was 1903, when two hundred
and eighty-six millions was collected. The following statement
shows the relative standing and receipts, of the 12 leading ports of
the country, where customs receipts for the fiscal year ended J u n e
30, 1906, amounted to at least one million dollars:
1.
2.
3.
4.
5.
. 6.

NewYork
Boston
Philadelphia
Chicago
San Francisco.
New Orleans

$200,698,240
27,337,297
20,532, 928
9,997,904
7,449,196
6,548,695

7.
8.
9.
10.
11.
12.

Baltimore
St. Louis
Tampa
Detroit
P o r t Townsend .
Cleveland

..

$4,933,854
2,127,743
1,679,004
1,595,263
1,260,409
1,174,662

At all ports, large and small, it cost the past year less than 3 cents
to collect each dollar of customs revenue, the smallest cost yet
reached. But there were many ports where the cost was out of all
proportion to the revenue collected, and some where there were no
receipts at all. This emphasizes again the necessity fpr legislation
to bring about a rearrangement of custonis districts.
The following table clearly sets forth the conditions in thisrespect:
L I S T OF P O R T S AT WHICH CUSTOMS EXPENSES EXCEEDED R E C E I P T S FOR THE FISCAL
Y E A R E N D E D J U N E 30, 1906.

N a m e of port.

Albemarle (Elizabeth City), N . C
Alexandria, Va
Annapohs, Md
Apalachicola, Fla
Barnstable, Mass
Beaufort, N C
Beaufort, S. C
Brazos de Santiago (Brownsville), Tex..
Bridgeton, N . J
Burhngton, Iowa
Burlington, N . J
Cairo, 111
Castine, Me
Chattanooga, Tenn
Cherrystone (Cape Charles City), Va....
E a s t e r n (Crisfield), Md
Edgartown, Mass
F r e n c h m a n s Bay (Ellsworth),, Me
Galena, 111
Georgetown, S.C
Great Egg H a r b o r (Somers Point), N . J .
Humboldt (Eureka), Cal
Kennebunk, Me
La Crosse, Wis
Little Egg H a r b o r (Tuckerton), N. J . . . .
Machias, Me
Michigan (Grand Haven), Mich
Nantucket, Mass
Natchez, Miss
.'
N e w London, Conn
Paducah, Ky
Pamlico (Newbern), N . C
Patchogue, N . Y
P o r t Jefferson, N . Y




Cost of
Num- collectReceipts. Expenses. ber em- ing one
ployed dollar.

459; (
418.1
825,
,635,
134.

5,838.
].
!,295.

$2.466.45
995.60
917.84
3,522.71
3,733.06
1,373.53
3,300.90
41,353.80
1,623.35
540.20
280.75
403.25
4,455.71
564.43
1,022.93
2,792.42
2,651.59
3,590.30
504.22
542.08
1,373.35
2,890.72
100.00
366.00
505.31
4, ti52.45
9,538.49
370.41
500.00
5,137.05
473.85
6,519.95
493.35
10.00

$246.645
-1.015
203.964
2.788
4.550
10.988
2.553
7.170
2.505
4.894
16.979
6.881
1.958
16.182
3
4
5

42.118
5.776
8.5t:8

>
'3

21.019
2
1.663
1
1.768
?,
2
2.722
1 1,263.275
5
4.217
14
1.472
1
9.

5
2
5
?.
2

1.338
•278.735
1.979

SECRETARY OF T H E TREASURY.

35

L I S T OF PORTS AT WHICH .CUSTOMS EXPENSES EXCEEDED RECEIPTS, ETC.—Continued.
NumReceipts. Expenses. ber employed

N a m e of port.

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 (Bi'ashear), La
Vicksburg, Miss
,
Waldoboro, Me
Wheeling, W. Va
Wiscasset, Me
Yaquina, Oreg
York, Me

$1, 367.71
25.50
108.34
272.82
20.10
016.89
876.39
41.56
172.15
7.06
043.78
85.69
610.35
5.00

Total.

$3,625.51
665.15
439.06
931.79
610.00
6,010.37
4,363.53
1.266.44
827.57
2,921.15
500.00
7,283.90
712.10
3,280.66
1,036.50
141.35

Cost of
collecting one
dollar.
$2,651
26.084
4.053
3.415
30.348
1.992
1.126
30.473
2.492
.70.822
1.205
8.310
5.375
28.270

48,347.14 144,131.13

The extension of the immediate-transportation privileges- to San
Juan, P. R., is again recommended. Merchandise arriving at a port in
the United States from a foreign country for shipment to San J u a n is
now forwarded under procedure not adapted to such shipments, and
in consequence there is unnecessary confusion and delay. The business is sufficiently large to justify such extension, and the requisite
officers are at San J u a n to appraise and classify the merchandise
there in accordance with the law.
Special agents.
By the efficient work of the-special agents and special employees of
the Department considerably over a million dollars has been added
to the revenue during the past year. The work of the agents abroad
has been systematized. Each agent has been given a special station
and territory, resulting in prompter and more effective service.
The work of discovering and remedying undervaluation and wrong
classification has received special attention and with excellent
results.
The following statement gives a summary of the work of the
special agents during the fiscal year ended June 30, 1906:
Number of reports to the Department
5,914
Number of seizures
,
2,903
Appraised value of seizures
.'
^263,554.86
Number of arrests
169
Number of suits commenced .,
;
79
Amount involved in suits
§322,402.21
Number of suits pending
99
Number of suits disposed of J u l y 1, 1905, to J u l y 1,1906.
25
Number of customs 'districts examined
:
^
46
Amount recovered on account bf seizures
^14,960. 82
Amount recovered on account of suits
^2,904.74
Amount recovered on account of fines, penalties, and forfeitures
^70,899.55
Amount recovered on account of undervaluation, improper classification, etc
.'
$1,021,472.41




36

REPORT ON T H E FINANCES.
SPECIAL TREASURY OPERATIONS.

This being the fifth and last annual report submitted by the present head of this Department, it may not be deemed inappropriate to
review briefly the financial operations of the Treasury for the five
years last past.
1902 to 1906.
Notwithstanding the expenditure of $10,000,000 to the Republic
of Panama, and $40,000,000 to the Panama Canal Company for the
right of way on which to construct the canal, and $10,000,000 expended in preliminary work upon the canal, and the issuance of
$30,000,000 in bonds for continuing the work of construction, the
bonded indebtedness of the Government has decreased during the
last five years $14,000,000, the annual interest charge has decreased
$4,000,000, the money in the Treasury to the credit of the general
fund has increased nearly $50,000,000, while the total circulation in
the country has increased $600,000,000, and the per capita circulation nearly $5.
The following is a summary covering the period:
Bonded indebtedness February 1, 1902
Bonded indebtedness November 1, 1906

$939,094,330.00
925,159,250.00

Decrease
Annual interest charge February 1, 1902
Annual interest charge November 1, 1906

13,935,080.00
27,866,892. 00
23,848,068.00

Decrease
In Treasury to credit of general fund February 1, 1902
In Treasury to credit of general fund November 1,1906

4,018,824.00
174,796,646.00
223,300,810.00'

Increase
Number of national-bank depositaries February 1, 1902
Number of national-bank depositaries November 1, 1906

48,504,164. 00
468
1,106

Increase
Aggregate holdings of depositary banks February 1, 1902
Aggregate holdings of depositary banks November 1, 1906
Increase
Average holdings of depositary banks February 1, 1902
Average holdings of depositary banks November 1, 1906
Average decrease
National-bank circulation February 1, 1902
National-bank circulation November 1, 1906

42,345,394.00
227,841.00
134,697.00

228,084,712.00
2, 259,951,709.00
2,866, 882,786.00

;

. Increase
Per capita circulation February 1, 1902
Per capita circulation November 1, 1906




.'.

93,144.00
346,437, 662. 00
574,522,374.00

Increase
Total circulation February 1, 1902
Total circulation November 1, 1906

Increase

638
$106, 629,952.00
148,975,346.00

:

;

606,931,077.00
28. 77
33.68
*.

4.91

SECRETARY OF THE TREASURY.

37

1902.
f

During the summer of 1902 surplus bank reserves throughout the
country ran relatively very low. This is one of the surest indications of trouble in the fall. Preparatory for the crisis certain to
ensue, the Secretary of the Treasury caused to be printed as much
unordered national-bank circulation as the Bureau of Engraving and
Printing could turn out, in addition to the ordinary demands upon
it, and in September of that year offered to accept satisfactory
security other than Government bonds for deposits of public money
then held by the banks for which this additional circulation had
been printed, on condition that the released bonds should be immediately made the basis for circulation. He also anticipated the payment of November interest due on outstanding obligations of the
Government, and offered to purchase for the sinking fund any United
States 4 per cent bonds of the loan of 1925 that might be offered at
137f and interest to date of purchase. He also increased deposits
in national banks in quite a considerable sum. In these several ways
he restored to the channels of trade somewhat over $57,000,000 and
stimulated national-bank circulation to the extent of $18,000,000.
He also issued an announcement that he would not exercise the
discretion given him by statute to liquidate banks which fail to
maintain their reserve should they fail to maintain the same against
deposits of Government money.
These operations were not begun, however, until a condition
existed which in the opinion of many leading bankers of New York
City justified the issuance of clearing-house certificates, and when
a resort thereto was being seriously considered. Two of these methods (the acceptance of other than Government bonds as security for
deposits, and the announcement that the discretion with which the
Secretary of the Treasury is clothed by statute would not be exercised against banks failing to maintain reserve against Government
deposits) received their full meed of criticism at the time, but uo
lawyer ever doubted their legality and no business man now questions their necessity. Financiers generally now recognize, and some
of the best known have publicly- announced, that but for what was
then done a panic would have ensued rivaling in severity any in our
history, and which would possibly have continued until industrial
conditions were disastrously affected.
1903,
The law authorizes the Secretary of the Treasury to deposit in
national banks only internal revenue and miscellaneous receipts.
Having found it impracticable to relieve a monetary stringency with
current internal-revenue receipts, amounting only to about $500,000
H. Doc. 9, 59-2



4

38

REPORT ON T H E FINANCES.

per day, the Secretary early in 1903 ordered their segregation and the
accumulation of a separate and distinct fund composed entirely of
internal-revenue and miscellaneous receipts, so as to be prepared in
case of an emergency to grant prompt relief by large deposits. This
practice has been continued.
During the fall of 1903 there was restored to the channels of trade
an aggregate of $27,000,000. This was accomplished by purchasing
outstanding Government bonds for the sinking fund amounting to
$13,000,000, and by direct deposits in national banks aggregating
$14,000,000. National-bank circulation was also stimulated to some
extent.
190J^,
In the spring of 1904, by direct appropriation of Congress
$10,000,000 was paid to the Government of Panama and $40,000,000
to the Panama Canal Company for the right of way on which to construct the canal across the Isthmus. ^ Preparatory to making these
payments pro rata transfers were made of Government deposits
from all depositary banks outside to those within the city of New
York, and the amount thus transferred distributed pro rata among
depositaries in that city. The payment of $40,000,000 to the Panama Canal Company on May 9,1904, was accomplished by the appointment of J. P . Morgan & Co. special disbursing agents for the Treasury Department, and a pay warrant for $40,000,000 was then issued
to said firm, which was paid through the clearing house. Morgan
& Co. at once deposited an equal amount through the same channel
in the banks from which the money was drawn with which to pay the
warrant.
As the transaction worked out, only a few thousand dollars actually
changed hands, money rates were not affected in the slighest degree,
and not a dollar of gold was shipped from this country. The transfer
to France was skillfully effected by Morgan So Co. through the purchase from time to time of foreign exchange. Neither was there any
expense to the Government, the disbursing agents volunteering to
represent the Government gratis and look to the French Canal Company for their pay.
The Republic of Panama invested most of the purchase price of
her cession in the United States, and thus shipments of money to
that country were avoided.
No purchases for the sinking fund were made during the year.
1905.
For reasons which can not be fully explained, revenues fell off
during the calen'dar year 1904 and the early months of 1905, which,
coupled with the extraordinary expenditures, caused a deficit for the




SECRETARY OF THE TREASURY.

39

fiscal year ending June 30, 1905, of $23,000,000. To make good this
deficit and to meet these expenditures, $50,000,000 was withdrawn
from depositary banks. These withdrawals, however, were insufficient to inspire conservatism, and during the summer the surplus
reserve of the associated banks of New York City fell below
$7,000,000, while the rate on call money fluctuated from below 1 to
3^ per cent, averaging for the season, perhaps, about 2 per cent.
The anticipated stringency was deferred, however, possibly in part
by extensive refundings of Government bonds into consols of 1930,
which, in conjunction with withdrawals of deposits, lowered the
price of consols to a point where banks found the maintenance of
circulation profitable, and an increase of $25,000,000 resulted. The
crisis inevitable came, though some months belated.
1906.
In February of 1906, $10,000,000 was deposited in national-bank
depositaries in seven of the principal cities and satisfactory security
other than Government bonds accepted, but with the distinct understanding that it would be recalled in July of that year. This relief
was not sufficient, however. Banks everywhere. West as well as
East, found themselves in the spring with surplus reserve exhausted.
The foreign exchange market responded sympathetically in a very
marked decline in sterling exchange sufficient to have insured the
importation of gold if. the banks had been in position to buy the
exchange with which to secure it. The Seeretary then offered to
make deposits, satisfactorily secured, equal in amount to any actual
engagements of gold for importation, the same to be promptly
returned when the gold actually arrived. In this way approximately
$50,000,000 (more than six carloads) in gold, largely in bars, was
brought from abroad. Most of this came from Europe, but in part
from Australia and South Africa.
This was accomplished without expense to the Government and
without profit to the importing banks, but with great benefit to the
business interests of the country. The various banks which imported
this gold lost in the transactions several thousand dollars as established by their books; the price of exchange promptly advanced so
that merchants and exporters of grain and cotton having exchange
to sell were benefited in excess of $150,000, and interest rates dropped
sufficiently to effect a saving to borrowers in New York City
alone of more than $2,000,000. This means of relieving financial
stringencies, which has been once since repeated, attracted far more
attention throughout Europe than in the United States, though it has
been widely commented upon in both places. It has at least demonstrated that the United States is in a position to more effectually




40

REPORT ON T H E FINANCES.

influence international financial conditions than is any other country,
and justifies great caution lest while protecting our own interests we
cause distress elsewhere, which will soon be reflected here.
The United States can ill afford to disturb financial conditions in
Europe, and if necessary to prevent it, the present head of the
Treasury Department would not hesitate to make deposits in national
banks on condition that the banks in turn promptly deposit cin equal
amount abroad. The world throughout is enjoying an unprecedented
period of prosperity, and no Government operations in this country
must be permitted to interfere therewith either at home or abroad.
The Treasury now holds (November 20) in its own vaults a working
balance of $78,000,000, as much as can possibly be spared of which
will be deposited if business conditions require it, though it become
necessary to pay the current expenses of the Government with checks
on depositary banks. The money of the country belongs to the
people, and Treasury operations must be made subordinate to the
business interests of the country.
Stiff rates on call money in New York, however, are not an unmixed
evil, nor are they a very reliable barometer. For instance, during
the forenoon of November 13, 1906, ruling rates on call money were
12 per cent, touching as high as 14, but after an announcement by
the Secretary that he would in no manner relieve the situation,
the rate dropped to about 5 per cent and closed at 5^-.
This does not indicate, however, that money is plentiful. The sure
indication of world-wide money stringency is the fact that legitimate
interest rates on commercial paper everywhere are higher than for
many years. Universal business activity creates universal demand
for money, and universal demand infiuences the price at which the
use of money can be obtained.
SALE OF PANAMA BONDS.

By act of Congress the Secretary of the Treasury is directed to sell
bonds from time to time to secure money with which to construct the
Panama Canal. On July 2, 1906, $30,000,000 in these bonds were
advertised to be sold to the highest bidder on July 20. When this
advertisement was published the market price of Government 2 per
cent consols having nineteen years to run was 1.0325. The Panama
bonds, payable at the option of the Government after ten years and
due in thirty years, brought 1.0436. This price was obtained by calling the $10,000,000 of special deposits made in February of that
year, which was secured by other than Government bonds, and by
making other and additional deposits to be secured by Government
bonds. In other words, a market for Government bonds was created
which stimulated their price.




SECRETARY OF T H E TREASURY.

41

WEAKNESS OF OUR CURRENCY SYSTEM.

The harvest of 1906 overtaxed our granaries, our warehouses, the
carrying capacity of our railroads, and, in conjunction with our
unprecedented industrial activity, strained well-nigh to the limit the
credit possibility of the country. A cotton crop sometimes estimated
at fourteen million bales, seven hundred and fifty million bushels of
wheat, near three billion bushels of corn, three hundred million
bushels of potatoes, garnered in a single season, required both actual
money and bank credit based thereon. During the summer months
grain sacks were not in use, granaries and warehouses were empty,
freight cars stood on sidetracks, business men fished in mountain
streams or rested at vacation resorts. Meanwhile the banks were
comfortably well supplied with money, and interest rates were low.
Everything seemed serene to everybody except to those who recognized that in this latitude crops mature in the fall.
Precautionary steps taken.
The Government quarantines against yellow fever; it spends millions to protect the people against unwholesome food; it inspects
banks in the interest of depositol-s, and does a thousand other things
to safeguard the people against disaster of various kinds. This
policy of governmental supervision receives universal approbation.
Believing it to be the duty of the Government also to protect the
people against financial panics, which, in this country, have caused
more mental and more physical suffering than all the plagues known
to man, and recognizing that under our system ho possible cooperation can be secured among banks, each independent of the other,
and finding these institutions in the interior sending their money to
be loaned on call in the cities, and the reserve of the country, even
in the idle season, very low, the Secretary of the Treasury undertook the task of' making some slight provision for the inevitable.
He withdrew from the channels of trade $60,000,000 and locked it
up. This was accumulated in part by excessive revenues and in
part by deliberate and premeditated withdrawals. His only excuse
for withdrawing the people's money when they did not need it, and
when its presence invited speculation, was to have it ready to restore
when they did need it, and when its absence would bring certain
disaster.
A condition.
At the approach of autumn, business men returned to their desks
fresh for more intense activities. Crops began to mature, granaries
and warehouses began to fill, freight cars were put in commission,
checks and drafts were drawn in multiplied number and in multiplied amounts,, while the people naturally carried in their pockets



42

REPORT ON THE EINANCES.

more ready cash than at other seasons. The strain inevitable began
to develop. Interior banks called their loans and shipped the proceeds home, but in some instances seemed to think it strange that
the withdrawal of the actual money from financial centers, whither
it had been sent to be loaned on call, should cause any stringency
at these centers. Those who studied to write articles that would
surely be read, and neglected to study actual conditions, attributed
the noticeable tension not to increased business, but to the presence
of sudden speculation.
I t becomes acute.
It was not long until warehouses were overfiowing and railroads
found themselves utterly unable to transport the tendered freight.
Before the first of September, great quantities of freight had accumulated west of the Rocky Mountains, which ^YQ transcontinental railroads combined did not have trackage enough nor equipment sufficient to transport. A little later ships were compelled to tie up at
lake ports, unable to unload in warehouses or in cars. The New York
Central Railroad, with its four tracks, did not have available cars
enough to carry the freight tendered at Buffalo. To meet unprecedented demands, its board of directors at a single meeting appropriated $27,000,000 for additional equipment. Other roads were equally
congested and equally liberal in their plans and in their appropriations. The principal railroads of the country within a period of
ninety days appropriated more than $100,000,000 for additional equipment. It soon became impossible to place an order for steel rails
or other equipment to be delivered in twelve months.
Treasury relief.
Finding transportation facilities inadequate to promptly export
our agricultural products, the Secretary of the 'Treasury deemed
it wise to again facilitate the importation of gold from abroad with
which to carry them until they could be exported. Under plain
and unequivocal authority of law, and without a penny of expense
to the Government, approximately another, $50,000,000 of gold was
brought from abroad and turned into the channels of trade. In
addition, $26,000,000 of the money withdrawn in midsummer was
restored. Of this, $3,000,000 was given to New York City and the
same amount tendered to Chicago, a part of which was declined,
however, because the banks found it impossible to borrow the bonds
with which to secure it and unprofitable to buy them. Boston, Philadelphia, St. Louis, and New. Orleans each received $2,000,000; Baltimore, Louisville, ICansas City, Cleveland, and Cincinnati $1,000,000
each; Pittsburg, Buffalo, Minneapolis, Milwaukee, Detroit, St. Paul,




SECRETARY OF THE TREASURY.

43

Omaha, Des Moines, Denver, Sioux City, Memphis, Peoria, Atlanta,
Nashville, and Sioux Falls approximately $500,000 each. Meanwhile,
sensational writers told the people that all this was being done for
the encouragement of speculation on Wall Street. If those who recognize that a deposit of money at Denver relieves financial tension
at Wall Street will also acknowledge that a deposit in New York
relieves financial stringency at Denver, no material harm will ensue.
Money is almost as liquid as water and finds its level about as
quickly.
More bank-note circulation.
The Secretary also offered to accept satisfactory security, other
than Government bonds, for Government deposits to the extent of
$18,000,000, conditioned that the bonds thus released should be
immediately made the basis of circulation by banks for which circulation had been already prepared, and further conditioned that the
same should be retired at* the rate of $3,000,000 per month between
March 15 and September 1. This is the maximum contraction of
national-bank circulation during the summer months which the Secretary of the Treasury has power, under the law, to enforce, or even
to permit.
The effect.
It is never possible to measure the infiuence of Treasury transactions such as are here described, nor to state what our experience
would have been had the Treasury failed to act in a given crisis.
One man of very large experience, with business interests in several
States, who never made a speculative transaction in stocks or bonds,
recently expressed the opinion that but for the precautionary measures adopted by the Treasury the price of every bushel of grain in
the United States would have declined ere this 10 cents. Business
men ih western cities have crossed the street to express appreciation
and to give assurance that the action taken was immedately felt in
their localities, though in some instances at no small distance from
any city where a deposit was actually made.
Much-needed elasticity.
These cases have been thus reviewed, not for the purpose of expressing an opinion as to the wisdom or want of wisdom exercised by
this Department, but solely as the basis of an argument in favor of
some Congressional legislation on the subject of a more elastic currency. Every other instrument of business from grain sack to
merchant ship responds in soine measure at least to the actual needs
of commerce, while the money of the United States remains a fixed
quantity.




,44

REPORT ON T H E FINANCES.

Methods discussed.
Yarious methods have been suggested by which this well-recognized
defect in our monetary system may be corrected. Committees composed of prominent financiers have met, deliberated, devised, and
made reports. Financial writers, doctrinaires, practical business
men, and impractical theorists, men of experience and those wholly
without, have discussed the question with much learning and occasionally in much ignorance. This is all very welcome. Frequently
the most impracticable and unthinkable plan will suggest something
wise or help to eliminate what is unwise.
Divergent views.
Unfortunately, but naturally, even the reports of committees
appointed because of their recognized experience and intelligence
are quite divergent. On one thing only is there well-nigh universal
agreement—all recognize the necessity of a currency syste'm that
will contract when money is redundant as promptly as it will expand
when money is scarce. Infiation is not the remedy. A currency
that will not as promptly contract as it will expand would be
harmful.
Partial agreement.
Most of the reports of committees indorse all the esse'ntial features
of the suggestions contained in recent reports of the Secretary of
the Treasury, where heavily taxed additional national-bank circulation is recommended. The most important feature of this plan is
the certainty of retirement when the extraordinary demand ceases.
Its retir.ement will be accomplished not by collecting in the actual
notes and redeeming them, but by allowing the bank issuing the
same to make a corresponding deposit with the Treasury or at a
subtreasury. This accomplishes the contraction, and the bills themselves will sooner or later be returned and charged against this
deposit. Interest on the issue will of course cease when the deposit
is made. By eliminating the words "secured by United States
bonds deposited with the Treasury of the United States " from the
present bank note, the additional circulation issue need contain
no distinguishing feature. The Government should accept the tax
as a premium for underwriting the -issue, and should guarantee its
prompt redemption.
The people have become familiar with
national-bank notes and will not discredit them, though they fail to
recite the fact that bonds have been deposited against them. The
ultimate redemption of national-bank notes is now guaranteed
by the Government by reason of the Governm&it's liability on the
bonds deposited for their security. The direct guarantee of the
Government would not change this essential feature so far as the
public is concerned, and the tax collected would cover the risk many
fold.



SECRETARY OF THE TREASURY.

45

German plan.
There is nothing particularly new in this plan. Barring the Government's guarantee, which, in view of recognized public sentiment
against unguaranteed currency, I think wise to provide in any and
all currency, it is the application as far as possible of the German
plan to our present system. In Germany the rate on uncovered
currency is 5 per cent, and the current interest rates are lower there
than in the United States. It is questionable whether any lower
rate of tax in this country would insure prompt retirement. I deem
it inappropriate, however, to carry my recommendations to the details
of legislation. Both the. plan to be adopted and the details of the
plan must be worked out by the legislative branch under such advice
as it inay call to its aid. Only on the subject generally does this
Department .commit itself.
Credit currency.
Much can be said in favor of credit currency for permanent^maintenance. The addition thereof to our present currency system has
been urged for half a century. Many bills have been introduced
embodying the plan; Congressional committees have from time to
time made favorable reports thereon; and it has quite recently
received the unqualified indorsement of a joint committee representing commercial and banking organizations and composed of men of
the very highest business and financial standing.
If a new currency system were being devised, unquestionably this
plan would be included, and it might possibly take the place of the
present bond-secured circulation. No one now, however, recommends it as a substitute. Those who favor it propose its incorporation into, rather than its substitution for, our present system.
Whether it will work as freely and as automatically in conjunction
with other bank-note circulation as when the entire issue of bank
notes is based on credits can be determined only by trial. To what
extent the existence of State banks, savings banks, and trust companies will afford a resting place for such an issue is another matter,
which can not be computed. Until the experiment is tried both these
elements will remain matters of estimate if not of conjecture. It
must not be forgotten that a given per cent of increased rapidity of
redemption when money is redundant. over that prevailing when
money is scarce will not work the same aggregate of contraction when
less than one-fourth of the bank circulation is based on credits as
would result if all bank circulation were of the kind proposed.
The circulation of the country has increased during the last five
years more than $600,000,000, or $120,000,000 per annum, and business interests have certainly kept pace with this increase, and interest



46

REPORT ON T H E FINANCES.

rates throughout the world are now unusually high. I would not,
therefore, view even with apprehension of evil any credit currency
legislation so restricted as to render impossible the permanent
maintenance of more than $200,000,000.
The limitation of $Sfi00fi00 per month.
It has frequently been suggested that if the limitation of $3,000,000
in the amount that may be deposited by national banks for the retirement of circulation were removed greater elasticity would ensue. I
very seriously doubt the proposition and beg to cite some experiences.
No sooner was the new issue of Panama bonds advertised in July,
1906, than banks throughout the country commenced to retire their
circulation that they might sell their bonds, a process which, but for
the provision limiting the amount of retirement to $3,000,000 per
month, would have probably pounded the price of 2 per cent bonds
approximately to par. Several times when deposits have been made,
resulting in an advance in the price of consols, national-bank circulation has been retired and the bonds sold at an advance. In several
instahces banks have sought to be made depositaries of Government
money on the ground that there was a scarcity in their locality, and
when designated have tried to retire their circulation so as to use the
bonds on which the circulation was based as security for the deposit.
It "may be said of such a course that it is natural and inevitable,
and I cite it as one reason for the suggestion on page 54 hereof that
it would be wise to clothe the Secretary of the Treasury with discretion whether he will allow retirement of circulation at any given time,
and to place such limitation thereon as in his judgment^will best
conserve the business interests of the country.
Central bank.
Several other plans have been proposed for supplying the element of
elasticity in our currency system. Many practical and well-informed
financiers have recommended a central Government bank patterned,
in some measure at least, after those of the principal financial countries of Europe. The abolition of the independent treasury would
be of course involved in such a plan. Government money would be
then regularly deposited in this central bank, from which disbursements would be made, and the Government's supervision of and
interference with the monetary operations and the financial condition of the country would be effectually eliminated.
At first blush this seems desirable, but in practice I fear it would
soon be found to work less satisfactorily than the present system.
Such a bank would of necessity be governed by a board, the members of which would doubtless have outside interests. They would
be responsible to no administration, to no political party, and each
could shift the responsibility from himself to the board as an aggre


SECRETARY OF THE TREASURY.

47

gation. It is doubtful whether such an institution could be managed less selfishly and more in the interest of the people generally
than the Treasury Department has been conducted even under the
most unfortunate management to which it ever has been subjected.
The Treasury has always been the bloody angle of criticism of an
administration, but no critic has ever charged the head of this
Departmeht with cupidity or with operations having selfish ends in
view.
Possibly a central bank could be kept forever free from operations
having for their end larger dividends, but there is little justification
for such a hope.
^
Cooperation,
If some method could be devised by which the national banks of
the country could be made to cooperate, the major portion of legitimate criticism to which our present system is now subjected would
soon vanish. That the banks do not now cooperate in the slightest
degree is self-evident. N e w Y o r k City, for instance, has the only
call money market in the world, but so impossible is it to secure
cooperation between the financial institutions of that great city that
the current rate on call money, as I have already shown, on the
morning of a certain day was 12 per cent, with some loans as high
as 14 per cent, while in the afternoon it dropt to 5^ per cent.
During a part of the previous season millions were loaned at 1
per cent and some below, and later in the season the rate touched
100 percent. It must be manifest to laymen even, as well as to
financiers, that such want of cooperation, resulting in such fluctuation in interest rates, offers little encouragement to the hope that
international balances in the near future will be kept in this country. I do not criticise these banks for failing to cooperate, for I
have been repeatedly assured that cooperation is impossible.
Another indication of the want of cooperation, not only in New York
City but quite as much throughout the country generally, is discoverable in reservies. Admittedly, conditions have been no worse in
New York than elsewhere, though the weekly statement reveals conditions only in that city. Repeatedly within the last five years surplus reserves have been practically exhausted in midsummer, and
sometimes the aggregate surplus reserve of the associated banks in
New York City has only equaled that reported by a single institution.
I must not be understood as expressing an opinion that this condition
indicates any want of conservatism, but 1 do know that if there were
the slightest measure of cooperation between the national banks of
the country a very large reserve would be gathered in midsummer to
provide for increased business operations incident to the crop-moving
season and the revival of commercial activity annually witnessed
during the autumn and winter months.



48

REPORT ON THE FINANCES.

Can cooperation be enforced by law?
Whether cooperation can be secured by statute is a question on
which students of the situation will of course differ. I suggest for
the consideration of Congress two possible plans: First, a graduated
reserve, determined by statute. The objection to this plan is that
conditions vary with different seasons. Sometimes lihe crisis is
deferred, and occasionally the most stringent season is during the
spring. Second, a better plan, in my judgment, would be to clothe
the Secretary of the Treasury with authority to require all banks, at
certain times fixed by him, to slightly and gradually increase their
reserves and hold the same within their own vaults, with corresponding authority to release the same from time to time as in his
judgment will best serve the business interests of the countrj^
In quarantining against yellow fever, the Government grants great
latitude and well-nigh unlimited discretion to the Secretary of the
Treasury through the Marine-Hospital Bureau. Actual experience
justifies the statement that the American people hold the Secretary of
the Treasury quite largely responsible for financial conditions. This
being true, he shouJ.d have that measure of discretion and authority
requisite to enable him to fulfill this expectation. Can he not be
trusted as a financier as well as in the capacity of an expert health
officer ?
A n illustration.
Suppose tbe national banks were required either by statute or by
direction of the Secretary of the Treasury to increase their reserve,
and to carry the same in their own vaults, in an amount equal to 1
per cent of their capital stock every fifteen days from the first day
of April to the first day of September. This contraction under
ordinary conditions prevailing in these months would work no hardship upon any institution, and would result in the collection of
$80,000,000 of reserve money with which to meet the demands of
increased business. It is probable, and under ordinary circumstances well-nigh certain, that the banks would find such a contraction profitable, for interest rates during the summer would not be
likely then to drop excessively low, and it is equally certain that the
rates would not be dangerously high in the fall and winter.
It may be said that the banks can now strengthen their reserve during the summer on their own motion. The best answer to this is the"
admitted fact that they do not do it to any considerable extent, and
for the reason already pointed out—want of cooperation. No one
bank, nor the banks of any one city, will contract their reserve when
all other banks are loaning the last available dollar at the best rate
obtainable, however low that rate may be.




SECRETARY OF THE TREASURY.

49

National-bank circulation might be made the basis of contraction
instead of reserve. Suppose the Secretary of the Treasury had
authority to order the national banks to make deposit to the credit
of the redemption fund of an amount equal to 1 per cent of their
circulation every fifteen days during the above-mentioned period.
This would result in a contraction of national-bank circulation
amounting to sixty millions, and by requiring the bonds to remain
on deposit this amount could again be issued during the fall and
winter as necessity required.
If the Secretary of the Treasury were given $100,000,000 to be
deposited with the banks or withdrawn as he might deem expedient,
and if in addition he were clothed with authority over the reserves of
the several banks, with power to contract the national-bank circulation at pleasure, in my judgment no panic as distinguished from
industrial stagnation could threaten either the United States or
Europe that he could not avert. No central or Government bank
in the world can so readily influence financial conditions throughout
the world as can the Secretary of the Treasury under the authority
with which he is now clothed.
If it be said that such power, augmented with the authority which
I have outlined would be dangerous, I reply that no man has yet
been at the head of the Treasury Department, and no man is likely
to occupy that position, in whose hands such authority would not be
safe. The best financial advice on earth is at his command, and the
selfishness or the unselfishness of the advice tendered, and, therefore,
the value thereof, can be readily weighed. The advice which he can
thus obtain is, in my judgment, far better and would prove far safer
than would be the direction which might be given by a board of
governors of a large centralized bank. In all administrative matters
large authority, and therefore great responsibility, with strict
accountability, is the better policj^ A public officer, spending the
best years of his time at a salary grossly inadequate to pay living
expenses, naturally looks for no reward but the inner consciousness
of having fulfilled the requirements of his position.
0

Finally.
It is hoped that the discussion of several ways by which the muchdesired end may be accomplished will not tend to bewilder, but
rather to make clear that the adoption of any one or more of them
will work much good, while the failure to provide some prompt
means of relief will most certainly invite disaster. Under the Constitution it does not lie with an administrative officer to urge any
one plan to the exclusion of' all others. It is the duty of the head
of this Department to point to defects, and he may suggest ways in




50

REPORT ON T H E FINANCES.

which, in his opinion, they can be cured. The legislative branch of
the Government must, in the nature of things, have credit for whatever laws are passed, and it must likewise bear alone the responsibility if it fail to act after threatened dangers have been clearly
defined.
FORMER RECOMMENDATIONS RENEWED.

I desire to repeat, and emphasize if possible, several of my recommendations of previous years.
First, A law giving trust companies of large capitalization in large
cities the privilege of incorporating under national law with corresponding supervision, but with no authority to issue circulation.
Second. The establishment of a Department savings bank in Washington upon the mutual plan prevalent in most of the New England
States, in the hope of encouraging the habit of saving among Government clerks.
Third. A law licensing customs brokers, or some other provision
by which the customs department can protect itself from the few
disreputable jpractitioners before it.
Fourth. A provision for a nominal filing fee for entering protests
and appeals in customs cases, recoverable should the case be successfully prosecuted.
Fifth. The abolition of all fees and perquisites of collectors and
other customs officers.
Sixth. A liberalization of our drawback laws. Any provision that
will assist in securing a foreign market for the product of American
labor has the unqualified indorsement of the present head of this
Department.
Seventh. Legislation which will insure a merchant marine. For
years I have urged this in season and out of season. The next
twenty years will witness as intense commercial contests for trade
expansion as were, ever prosecuted for territorial expansion. It is
idle to suppose the United States can attain any considerable measure of success without as favorable equipment as its commercial
competitors.
Eighth. The establishmentof a pneumatic tube system between
the several Executive Departments within the District of Columbia.
Ninth. The early erection of a Hall of Records on the site already
purchased. The saving in rent would more than pay interest on its
cost, and its erection would result in greater efficiency in all the
Departments.
LESLIE M .

SHAW,

Secretary,
To the

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




TABLES ACCOMPANYING THE REPORT ON THE FINANCES.




51




TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC D E B T OF THE U N I T E D STATES J U N E 30,

L e n g t h of
loan.

ffl
OLD D E B T .
For detailed information in regard to t h e earlier loans e m b r a c e d u n d e r
t h i s h e a d , see F i n a n c e R e p o r t for 1876.
T R E A S U R Y N O T E S P R I O R TO 1846.
A c t s of O c t o b e r 12,1837 (5 S t a t u t e s , 201); M a y 21, 1838 (5 S t a t u t e s , 228);
' M a r c h 2,1839 (5 S t a t u t e s , 323); M a r c h 31, 1840 (5 S t a t u t e s , 370); F e b r u a r y 15,1841 (5 S t a t u t e s , 411); J a n u a r y 31,1842 (5 S t a t u t e s , 469); A u g u s t 31,1842 (5 S t a t u t e s , 581), a n d M a r c h 3, 1843 (5 S t a t u t e s , 614).
T R E A S U R Y N O T E S O F 1846.
A c t of J u l y 22, 1846 (9 S t a t u t e s , 39)
MEXICAN INDEMNITY.
A c t of A u g u s t 10, 1846 (9 S t a t u t e s , 94)
,
T R E A S U R Y N O T E S O F 1847.
A c t o f J a n u a r y 28, 1847 (9 S t a t u t e s , 118)
'.
,
T R E A S U R Y N O T E S O F 1857.
A c t of D e c e m b e r 23, 1857 (11 S t a t u t e s , 257)
BOUNTY-LAND SCRIP.
A c t of F e b r u a r y 11, 1847 (9 S t a t u t e s , 125)
„
L O A N O F 1847.
A c t of. J a n u a r y 28, 1847 (9 S t a t u t e s , 118)
T E X A N I N D E M N I T Y STOCK.
A c t of S e p t e m b e r 9, 1850 (9 S t a t u t e s , 447)
L O A N O F 1858.
A c t of J u n e 14,1858 (11 S t a t u t e s , 365)
L O A N O F F E B R U A R Y , 1861 (1881s).
A c t of F e b r u a r y 8, 1861 (12 S t a t u t e s , 129)
•
T R E A S U R Y N O T E S O F 1861.
A c t of M a r c h 2, 1861 (12 S t a t u t e s , 178)
OREGON WAR DEBT.
A c t o f M a r c h 2, 1861 (12 S t a t u t e s , 198)




a Included in old " d e b t . "

r c
W h e n r e d e e m - R a t e of i n - a t Pwih iec h
terest.
able.
sold.

On d e m a n d . .

5 aud 6 per
cent.

1 and 2 years 1 a n d 2 years
from date.

xV of 1 to 6
. per cent.

Amount
authorized.

1906.

Amountissued,

A m o u n t outstanding.

S151,635.26

Indefinite .

Par.

$51,000,000,00

$47,002,900.00

(a)

Ui

o
1 year
5 years

1 year
date.

from

5 y e a r s from
. date.

1 and 2 years 1 a n d 2 years
from date.
1 year

1 year
date.

from

Par.

5 per cent.

Par.

320,000.00

303,573.92

10or20years

. J a n . l , 1874..
D e c . 31,1880.

5 | and 6 per
cent.

Par.

23,000,000.00

&26,122,100.00

(«)

3 to 6 per
cent.

Par.

Indefinite

52,778,-900.00

(a)

Indefinite

233,075.00

(a)

5 percent...
6 percent...

10,000,000.00

7,687,800.00

Kl
O

.

W
H

Av. pre.

tei

>

23,000,000.00

c 28,230,350.00

950.00

10,000,000.00

5,000,000.'00

20,000.00

20,000,000.00

20,000,000.00

2,000.00

25,000, poo. 00

18,415,000.00

5,000.00

of sms
(Av.)89.03

P a r to Indefinite
35,364,450.00
60 d a y s or 2
y e a r s after 6 p e r c e n t . . .
date.
ct. p r e .
Par
1,090,850.00
2,800,000. G
O
20 y e a r s . . . . . J u l y 1,1881 . . .
6 percent...
c I n c l u d i n g c o n v e r s i o n of T r e a s u r y n o t e s .
b Including
60 d a y s or 2
years.

>

(«)

Par.
Indefinite .. At t h e pleasu r e of t h e 6 p e r c e n t . . .
Government.
20 y e a r s
J a n . 1,1868.... 6 p e r c e n t . . . l i to 2
p e r ct.
pre.
Par....
14 y e a r s
J a n . l , 1865..
5 percent...
15 y e a r s

W
H

(«)

.xV of 1 to 5f
per cent.

2,300.00
2,400.00

m
Kl

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.

6 per cent..

Amount
authorized.

Amountissued.

Ol

Amount outstanding.

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 a t 6 per
centum per annum, payable after twenty years from date, in exchange for 7-30 notes issued under the act of July 17, 1861.
LOAN OF JULY AND AUGUST, 1861.
Cohtinued 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-TENDERNOTES.
The act of February 25, 1862 (12 Statutes, 345), authorized the issue of
$150,000,000 United States notes, not bearing interest, payable to
bearer, at the Treasury of the United States, andof such denominations, not less than five dollars, as the Secretary of the Treasury
might deem expedient, $50,000,000 to be applied to the redemption
of demand notes authorized by the.act of July 17,1861; these notes
to be a legal tender in payment of all debts, public and private,
within the United States, except duties on imports and interest on
the public debt, and to be exchangeable for 6 per cent United
States bonds. The act of July 11, 1862 (12 Statutes, 532), authorized
an additional issue of $150,000,000, of such denominations as the Secretary of the Treasury might deem expedient, but no such note
should be for a fractional part of a dollar, and not more than
$35,000,000 of a lower denomination than five dollars; these notes to
be a legal tender as before authorized. The act of March 3, 1863
(12 Statutes, 710), authorized an additional 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

Indeftaiite .

At the pleas- 3^ per cent.
ure of the
Government.
On demand--. None .

Par.

3 years.

Aug. 19 and
Oct. 1, 1864.

1,600.00

Par.

Indefinite .

$15,050.00

O
H

60,000,000.00 a 60,030,000.00

53,282.50

Indefinite

139,999,750.00

9,400.00

515,000,000.00

514,771,600.00

O

108,400.00

H
7xV per cent. Av.pre.

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

M

r>f 165

Av. p r e .
of TVTAT-

Indefinite . . Ondemand-.

450,000,000.00

346,681,016.00

Q

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 bv 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 rejiemption 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 theTreasury 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 the gold coin in the reserve fund by the fore. going methods, and the amount of such gold coin and bullion in
said fund shall at any time fall below one hundred million dollars,
it shall be his duty to restore the same to the maximum sum of one
hundred and fifty million dollars by borrowing money on the credit
of the United States, and for the debt so incurred to issue and sell
coupon or registered bonds of the United States bearing interest at
the rate of not exceeding three per centum per annum, payable
quarterly, the bonds to be payable at the pleasure of the United
States after one 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).




zn
tei
o

w

tei
H

>

O
H

tn
tei
H
tei
>
zn

Indefinite .

After 10 days'
notice.

a Including reissues.

4, 5, and 6
per cent.

150,000,000.00 a 716,099,247.16

2,850.00
Crt
OT

Ol

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

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

Amount
authorized.

Amountissued.

Amount outstanding.

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

1 year
date.

after

6 per cent-

$561,753,241.65

$3,000.00

$50,000,000.00 a368,720,079.51

6,865,757.28

No limit.

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

Indefinite . . On presentation.

None .

Par-

tei

LOAN OF 1863.
July 1, 1881... 6per cent.., Av. pre.
The act of March 3,1863 (12 Statutes, 709), authorized a loan of $900,000,000, 17 years.
and the issue of bonds, with interest not exceeding 6 percentum per
o f 4^%%%
annum, and redeemable in not less than ten noi' more than forty
years, principal and interest payable in coin. Theactof 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 percent.. Parure 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

3,100.00

o
100.00
tei

44,520,000.00

30,510.00

400,00,0,000.00

166,480,000.00

26,850.00

6 per cent
compound.

400,000,000.00

266,595,440.00

159,990.00

10 or 40 years Mar. 1, 1874.

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

200,000,000.00

196,118,300.00

19,050.00

5 or 20 years. Nov. 1, 1869-,

6 per cent.-. Av. pre. 400,000,000.00
of2xm.

125,561,300.00

15,000.00

[Aug. 15, 1867
June 15, 1868 •7i^ percent. Av. pre. 800, Opo, 000.00 |a829,992,500.00
[July 15, 1868

121,050.00

after 5 per cent. -

1 year.

1 year
date.

2 years.

,

O

75,000,000.00

2 years after
date.

5 per cent..

3 years-

3 years from
date.

Par-

400,000,000.00

>

TWO-YEAR NOTES OF 1863.
Act of March 3, 1863 (12 Statutes, 710)
COMPOUND-INTEREST NOTES.
Acts of March 3, 1863 (12 Statutes, 710), and June 30, 1864 (13 Statutes,
— 2 1 8 )V

^

^

TEN-FORTIES OF 1864.
Act of March 3, 1864 (13 Statutes, 13)

'
,

-

FIVE-TWENTIES OF 1864.
Act of June 30, 1864 (13 Statutes, 218)
SEVEN-THIRTIES OF 1864 AND 1865.
Actsof June 30, 1864 (13 Statutes, 218); Januarv 28, 1865 (13 Statutes,
425), and March 3, 1865 (13 Statutes, 468).




3 years.

a
tei
zn

FIVE-TWENTIES OF 1865.
Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31) -. 5or 20 years. Nov. 1, 1870... 6 p e r c e n t . . . Av. pre. Indefinite . . .
of3xWir.
CONSOLS OF 1865.

203,327,250.00

19,850.00

Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31).. 5or20 years- July 1, 1870.

73,500.00

6 per cent.

Av, pre. Indefinite .
ofl^V^

332,998,950.00

Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31). - 5 or 20 years- July 1, 1872... 6 per cent.,

Av. pre. Indefinite .
ofxf^tj.

379,618,000.00

6 per cent.

Av. pre. Indefinite .

42,539,930.00

10,850.00

3 per cent.

Par-

75,000,000.00 a85,155,000.00

5,000.00

CONSOLS OF 1867.
" CONSOLS OF 1868.
Actsof March 3,1865 (13 Statutes, 468), and April 12,1866 (14Statutes,31) -. 5 or 20 yeard. July 1, 1873.
THREE-PER-CENT CERTIFICATES.
Actsof March 2,1867 (14 Statutes, 558), and July 25,1868 (15 Statutes, 183).- Indefinite .

Ondemand.

zn
o

FUNDED LOAN OF 1881.
The act of January 14, 1875 (18 Statutes, 296), auth'brizes the Secretary
of the Treasury to use any surplus revenues from time to time in the
Treasury not otherwise appropriated, and to issue, sell, dispose of, at
not less than par, in coin, either of the description of bonds of the
United States described in the act of July 14, 1870 (16 Statutes, 272),
to the extent necessary for the redemption of fractional currency in
silver coins of the denominations of ten, twenty-five, and fifty cents
of standard value.
The act of March 3, 1875 (18 Statutes, 466), directs theSecretary of the
Treasury to issue bonds of the character and description set out in
the act of July 14, 1870 (16 Statutes, 272),,to James B. Eads, or hisc
legal representatives, in payment at par of the warrants of the Sec^
retary 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 byor 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




Ki

o
tei

^^
tei

tei

>

zn
d
Ki

10 years.

May 1, 1881... 5 per cent..

a Including reissues.

Par.

517,994,150.00

27,750.00

Ol

Ol

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

When redeemable.

Rate of interest.

Price
at which
sold.

Amount
authorized.

Amountissued.

00
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 the amount originally authorized, and authorizes the
interest on any of these bonds to be paid quarterly.
The act of December 17, 1873 (18 Statutes, 1), authorized the issue of
an equal amount of bonds of the loan of 1858, which the holders
thereof may, on or before February 1, 1874, elect to exchange for the^
bonds of this loan.

tei

$1,500,000,000

o

FUNDED LOAN OF 1891. (REFUNDING.)
The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of
$300,000,000 at 4^ per centum, payable in coin of the present standard value, at the pleasure of the United States Government, after
fifteen years; these bonds to be exempt from the payment of all
taxes or duties of the United States, as well as from taxation in any
form by or under State, municipal, or local authority. Bonds and
coupons 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 and numbered. Interest to cease at the end of three
months from notice of intention to redeem.

O
15 years.

Sept. 1,1891.

4^ per cent.

$185,000,000.00

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$26,600.00

FUNDED LOAN OF 1891: (RESUMPTION.)
The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from 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 trea.surer of the United States in New
York, the outstanding United States legal-tender notes when presented in sums of not less than fifty dollars. "




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ISj^ears.

Sept. 1,1891... ^ 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 30 years.
$1,OO'O,000,000 at 4 per centum, payable in coin of the present standard
value, at the pleasure of the United States Government, after thirty
' years; these bonds to be exempt from the payment of all taxes or
duties of the United States,'as well as from taxation in any form by
or under State, municipal, or local authority. Bonds and coupons
payable a t the 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 redemptibn of outstanding 5-20's, or to be exchanged for said
5-20' s, par for par. Payment of th ese 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 redeepi. See Refunding Certificates, page 61.
FUNDED LOAN OF 1907.

J u l y l , 1907. .. 4 per cent.

P a r to
i pe r
ct. pre.

710,430,950.00

^116,755,150.00
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(RESUMPTION.)

The act of January 14,1875 (18 Statutes, 296), authorizes the Secretary 30 years.
of the Treasury to use any surpllus revenues from time to time in 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 bf not less than fifty dollars.

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Indefinite ...1 L 30,500,000.00

July 1,1907 . . . 4 per cent .,

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GOLD CERTIFICATES.
The act of March 3,1863 (12 Statutes, 711), authorizes the Secretary of Indefinite .. On demand . . N o n e .
the Treasury to receive deposits of gold coin and bullion in SUEQS 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 certificates so issued tobe received at par in payment of interest on the
p.ublic 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.




Par.

Indefinite

559,779,869.00

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02

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

When redeem- Rate of interest.
able.

Price .
atwhich
sold.

Amount
authorized.

Amount issued.

O
Amount outstanding.

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

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SILVER C E R T I F I C A T E S .

^

The act of February 28, 1878 (20 Statutes, 26, sec. 3), provides that any Indefinite .
holder of the coin authorized by this act may deposit the same with
the Treasurer or any assistant treasurer of the United States in sums
not less than ten dollars and receive therefor certificates of not less
than ten dollars each, corresponding with the denominations'of the
United States notes. The coin deposited for or representing the certificates shall be retained in the Treasury for the payment of the
same on demand. Said certificates shall be receivable for customs,
taxes, a n d 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 fivedollars; said
certificates to be receivable, redeemable, and payable in like manner and for like purposes asis provided for by the actof February 28,
1878.• .




Ondemand.:

None .

No limit.

$477,473,000.00

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The act of March 14, 1900, provides that it shall be the duty of the
Secretary of the Treasury, as fast as silver dollars are coined under
the provisions of the acts of July 14, 1890, and June 13, 1898, from
bullion purchased under the act of July 14,1890, to retire and cancel an equal amount of Treasury notes whenever received into the
Treasury, and upon the cancellation of Treasury notes, silver certificates shall be issued against the- silver dollars so coined; The
act also provides that silver certificates shall be issued only of
denominations of ten dollars and under, except that not exceeding
in the aggregate ten per centum of the total volume of said certificates, in the discretion of the Secretary of the Treasury, may be
issued in denominations of twenty dollars, fifty dolla,rs, and one
hundred dollars; and silver certificates of higher denomination
than ten dollars, except as therein provided, shall, whenever received at the Treasury or redeemed, be retired and canceled, and
certificates of denominations of ten dollars or less shall be substituted therefor, and after such substitution, in whole or in part, a
like Volume of Ignited 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 Indefinite
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 percentum
bonds described in the refunding act, the money so received to be
applied only(tqthe 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 Indefinite
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 Indefinite
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 Indefinite
bonds which had been previously continued at three and one-half
per cent by mutual agreement between the Secretary of the Treasury and the holders, and were made redeemable at the pleasure of
the Government.




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.. Convertible in- 4 percent.-, Par
to 4 per cent
bonds.

No limit

o

$40,012,750 00

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.. At pleasure of
the Government.

I per cent.

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Par

50.00

'

., At pleasure of
the Government.

2per c e n t . . . Par

. - At pleasuret)f
the Government.

3 per cent.

Par

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25,364,500 00

200.00

G:>

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to

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

When redeemable. ^

Rate of in- at Price
which
terest.
sold.

Amount
authori'Zed.

Amountissued,

Amount outstanding.

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 actof July 14, 1870 (16 Statutes, 272),
for the purpose of redeeming, on and after January 1, 1879, in coin,
at the office of the assistant treasurer of 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..

Feb. 1,1904..

fll7.223
5 percent... 1117.077

$100,000,000.00

$124,700.00

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LOAN OF 1925.
The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from time to tirae in the
Treasury not otherwise appropriated, and to issue, sell, dispose of at
not less than par, in coin, either of the descriptions of bonds of the
United States described in the act of July 14, 1870 (16 Statutes, 272),
for the purpose of redeeming, on and after January 1, 1879, in coin,
at the office of the assistant treasurer of the United States in New
York, the outstanding United States legal-tender notes, when presented in sums of not less than fifty dollars.

Hi

30 years . .

Feb.1,1925...

4 percent..

ri04.4946
[111. 166

162,315,400.00

118,489,900.00

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LOAN OF 1908-1918.
The act of June 13, 1898 (30 Statutes, 467, sec. 33), authorizes the Sec- 10 years .
retary of the Treasury to borrow on the credit of the United States,
from time to time, as the proceeds may be required, to defray ex-penditures authorized on account of the war with Spain (such proceeds when received to be u.sed 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 i.ssue, and payable twenty years frbm such date, and bearing interest payable quarterly, in coin, at the rate of three percentum 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.




After Aug. 1,
1908.

3 percent--.

$400,000,000.00

198,792,660.00

63,945,460.00

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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 cerit loan of 1908-1918, and
to issue in exchange therefor an equal amountof coupon or registered
"bonds of the United States, in such form as he may prescribe, in denominations of fifty dollars, or any multiple thereof, bearing interest
a t t h e rate of two per centum per annum, payable quarterly, such
bonds to be payable at the pleasure of the Ilnited States after thirty
years from the-^dateof their issue. The principal and interest of
said bonds to be payable in gold coin of the present standard value,
and to be exempt from the payment of all taxes or duties of the
United States, as well as from taxation in any form by or under State,
municipal, or local authority. The.bonds to be issued at not less
than par and numbered consecutively in the order of their issue;
and when pa^Tiient is made the last numbers issued shall be first
paid, and this order followed until all the bonds are paid. Interest
to cease three months after any call made by the Government to
redeem.

30 years

After Apr. 1,
1930.

2 p e r c e n t . . . Par

839,146, 340.00

542,909,950.00

595,942,350.00

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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 may be offered, in each month, at the market price
thereof, not exceeding one dollar for three hundred and seventy-one
and twenty-five hundredths grains of pure silver, and to i'ssue in paymen t for such purchases of sil ver bullion Treasury notes of the United
States, to be prepared by the Secretary of the Treasury, in such form
and of such denominations, not Jess 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.tirne 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 theTreasury
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.




7,386,000.00

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0:5

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

When redeemable.

Rate of interest.

Price
atwhich
sold.

Amount
authorized.

Amount issued.

Amount outstanding.

TREASURY NOTES OF 1890—Continued.
The act of November 1, 1893 (28 Stat., 4), repeals so much of the act of
July 14, 1890, as directs the Secretary of the Treasury to purchase
from time to time silver bullion to the aggregate amount of four
million five hundred thousand ounces, or so much thereof as may
be offered in each month, at the market price thereof, and to issue
in payment for such purchases Treasury notes of the TJnited States.
The act of June 13, 1898 (30 Stat., 467), directs that all of the silver
bullion in the Treasury purchased in accordance with the provisions of the act of July 14, 1890, shall be coined into standard silver
dollars as rapidly as the public interests may require, to an amount
of not less than one and one-half millions of dollars in each month,
and that said dollars, when so coined, shall be used arid 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 u n d e r t h e 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 pos-session subject to redemptiori, * * * a n d t h e
balance remaining of the deposits so covered shall, at the close of
each month, be reported on the monthly public debt statement as
. debt of the United States bearing rio interest.




$42,635,639.00

2,337,161,839.04

65

SECEETAEY OE TI-IE TEE.4.SUBY.

TABLE B.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT OF
THE UNITED STATES ON THE 1ST OF JANUARY OF EACH Y E A R FROM 1791 TO
1843, INCLUSIVE, AND ON THE = 1ST OF JULY OF EACH Y E A R FROM 1843 TO 1906,
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
1847
80,747,587.39
1848-..--:
83,762,172.07
1849.
82,064,479.33
1850
79,228,529.12
78,408,669.77
1851 . . . .
1852
'..
..
82,976,294.35
1853.-.-..•
83,038,050.80
1854
80,712,632.25
1855
77,054,686.40
1856 ..86.427,120.88
1857
82,312,150.50
1858
75,723,2^0.66
1859
69,218,398.64
1860
•
65,196,317. 97
1861..
57,023,192.09 1
1862
•
•
53,173,217.52 j
1863
48,005,587.76
1864
45,209,737.90
1865
55,962,827.57
1866
81,487,846.24
1867
.
99,833,660.15
1868
127, 334, 933.74
1869
123,491,965.16
1870
103,466,633.83
1871
95,529,648.28
1872
91,015,566,15
1873
89,987,427,66
1874
93,546, 676. 98
1875
'
90,875,877.28
1876
90,269,777. 77
1877
83,788,432.71
1878
81,054,0o9.99
1879
73,987,357,20
1880-..:
67,475,043.87
1881
58,421,4 3.67
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
1904
1905
1906

Amount.
' S32 742 922 00
23,461,652.60
15 925 303.01
15,550,202. 97
38 826 534 77
47,044,862.23
63,061,858.69
63,452,773.55
68 304 796 02
66,199,341.71
59,803,117.70
42 242,222 42
35,586, 956.56
31,972,537.90
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
0.2,251,690,468.43
a 2,232,284 531 95
"2,180,395,067.15
a2,205 301 392 10
a2,256,205,892.53
a 2,349,567,482.04
a2,120,415,370.63
a 2,069,013,569.58
a 1,918,312,994.03
«1,884,171,728.07
a 1,830,528,923.57
b 1,876,424,275.14
& 1,756,445 205 78
& 1,688,229,591.63
& 1,705,992,320.58
f 1,640,673,340 23
>
& 1,585,821,048.73
f>l, 560,472,784.61
61,628,840,15L 63
b1,598,111 156 13
& 1,668,757,127,68
b l 698 676 661 25
&1,778,434,491.40
& 1,811,435 708 90
& 1,798,066,92L 90
& 1,984,766,107.92
& 2,101,445,225.67
b 2,094, 481,966.89
c2,111,654,973.89
G2,162,639,009.89
c2,226,571,647.14
G2,235,503,599.84
c2,289,919,134.04

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




TABLE C.—ANALYSIS OF THE PRINCIPAL OF THE PUBLIC DEBT OF THE UNITED STATES FROM JULY 1, 1856,

Year.
1856—July]
1857
1858
1859
I860
1861 .
1862
1863
•1864
.-1865
1865—August 31
1866—July 1
1867
1868 •1869
1870 . . .
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
'-..1881
1882
1883.;
1884
1885
1886
1887
1888
1889
1890
1891•
1892
1893
•-1894




2 percents.

3 percents.

85 p e r c e n t s .

4 percents.

4^ p e r c e n t s .

-

^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

$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

$140,000,000.00
240,000,000,00
98,850,000.00
250,000,000.00
741,522,000.00
250,000,000.00
739,347,800.00
250, OOC, 000.00
739,347,800.00
250,000,000.00
739,349, 350,00
250,000,000.00
737,942,200.00
250,000,000.00
737,951,700.00
250,000,000.00'
737,960,450,00
250,000,000.00
737,967,500.00
250,000,000.00
737, 975,850.00
222,207,050.00
714,315,450.00
139,639,000.00
676,214, 990.00
109,015,750.00
602,297,360,00
50,869,200.00
559,659,920.00
559,664,830.00 a 25,364,500.00
559,672,600.00 a 25,364,500.00
559,677,390.00. a 25,364,500.00

5 percents.

6 percents.

$3,632,000.00
3,489,000.00
23,538,000.00
37,127,800.00
43,476, 300.00
33,022,200.00
30,483,000.00
30,483,000.00
300.213.480.00
245,709,420.63
269,175,727.65
201.982.665.01
198, 533,435.01
221,686,185.01
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

7j% p e r c e n t s .

$122,582,485.34
139,974,435.34
139,286,935,34
671,610,397.02
830,000,000.00
813,460,621,95
488,344,846.95
37,397,196.95

•

50,666,666.66

TO JULY 1,

1906.

0:>

a:

Total interestbearing debt.
$31,762,761.77
28,460,958.93
44,700,838.11
58,290.738.11
64, 640,838.11
90,380,873.95
365,304,826.92
707,531,634.47
1,359,930,763.50
2,221,311 918.29
2, 381,530,294.96
2,332,331,207,60
2,248,067,387,66
2,202,088,727.69
2,162,060,522.39
2,046,455,722.39
1,934,696,750.00
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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1896
1897
1898
1899
1900
1901
1902 •
1903
1904
1905
1906

'

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
542,909,950.00
77,135,360.00
595, 942, 350. 00 63,945,460.00




590,837,560.00
721,999,390.00
722,000,630.00
722,002,970.00
722,005,530.00
517,879,220.00
419,724,770.00
368,203,580.00
291,906,150.00
275,112,-130.00
275,113,030.00
235,271,330.00

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

a Continued at 2 per cent.

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
895,158,340.00
895,159,140.00

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TABLE C . — A N A L Y S I S OF THE PRINCIPAL OF THE PUBLIC DEBT OF THE UNITED STATES, ETC—Gontinued.

Year.

1856—Julyl....
' 1857
1858
1859
1860
1861
1862
1863
1864
1865
1865^ A ugust 31
1866—July 1. - -.
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
ol883
1884
1885
1886
1887
1888.--.
1889
1890
1891
1892
:.-...
1893




Debt on which
interest has
ceased.

GO

Debt bearing no 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
charge.
u r y J u l y 1.
in Treasury.
° cipal.
interest.

$209,776.13
238,872.92
211,042.92
206,099.77
201,449.77
199,999.77
280,195.21 $158,591,390.00
411,767,456.00
473,048.16
455,437,271.21
416,335.86
458,090,180.25
1,245,771.20
020.09 • 461,616,311.51
1,503,
439,969,874.04
935,092.05
428,218,101,20
1,840,615.01
408,401,782.61
1,197,340.89
181.00
421,131,510.55
5,260,
430,508,064.42
3,708,641.00
902.26
416,565,680.06
1,948,
797.26
430,530,431.52
7, 926,
710.26
472,069,332.94
51,929,
509, 543,
128.17
3,216,590.26
498,182,411.69
11,425,820.26
465,807,196.89
3,902,420.26
476,764,031.84
16,648,860.26
455,875,682.27
5,594,560.26
630.26
410,835,741.78
37,015,
455.26
388,800,815.37
7, 621,
865.26
422,721,954.32
6,723,
805.26
438,241,788.77
16,260,415.26
538,111,162.81
7,831,205.26
584,308,868.31
19,656,995. 26
663,712,927.88
4,100,445.26
619,344,468.52
9,704,165.26
629,795,077.37
6,115,095.26
739,840,389.32
2,496,485,26
787,287,446.97
1,911,805.26
825,Oil,289.47
1,815,705.26
933, 852,
766.35
1,614,875.26
939. 37
2,785,060,26 1,000, 648,
958,854,525.872,094,

972,537, 90
699,831.85
44 911.881.03
58',496,887,88
64,842,287.88
90,580.873.72
524,176.412.13
1,119,772,138.63
1,815,784.370.57
2,680,647,869.74
2,844,649.626.56
2,773,236,173.69
2,678,126,103.87
2,611,687,851.19
2,588,452.213.94
2,480,672,427.81
•2,353,211, 332.32
2,253,251,328,78
2,234,482, 993.20
2,251,690,468.43
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
2,069,013.569.58
1,918,312,994.03
1,884,171,728.07
1,830,
1,863,528.923.57
1,775,964.873.14
1,657 063,013.78
602,592.63
1, 692,
1,619,858.984.58
052,922.23
1,552,
1,545,140.204.73
1,588,S96,591.61
1,545,464,144. 63
985,686.13

$21,006, 584.89
18,701, 210.09
7,011, 689.31
5,09i; 603.69
4,877, 885.87
2,862; 212.92
18-, 863 859,96
8,42i; 401.22
106,332, 093,53
5,832, 012.98
88,218, 055.13
137,200, 009.85
169,974, 892.18
130,834, 437.96
155,680, 340.85
149,502, 1.60
106,217 263.65
103,470; 798.43
129,020, 932.45
147,541, 314.74
142,243, 361.82
119,469, 726.70
186,025, 960.73
256,823, 612.08
249,080, 167.01
201,088, 622.88
249,363, 415.35
243,289, 519.78
345,389, 902.92
391,985, 928.18
488,612, 429.23
492,917 173.34
482,433: 917.21
629,854: 089.85
643,113, 172.01
661,355, 834.20
694,083, 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
1,538,781,825.15
1,438,542,995.39
1,375,352,443.91
1,282,145,840.44
1,175,168,675.42
1,063,004.894.73
975,939.750.22
890,784,370.53
851,912,751. 78
841,526,463.60
838,969,475,75

$1,869, 445.70
1,672, 767.53
2,446, 670.28
3,126, 166.28
3,443, 687.29
5,092, 630.43
22.048, 509.59
41,854, 148.01
78,853, 487.24 •
137,742, 617.43
150,977, 697.87
146,068, 196.29
138,892, 451.39
128,459, 598.14
125,523, 998.34
118,784, 960.34
111,949, 330.50
103,988, 463,00
98.049, 804,00
98,796. 004.50
96,855, 690.50
96,104, 269.00
93,160, 643,50
94,654, 472,50
83,773, 778.50
79,633, 981.00
75,018, 695. 50
57,360, 110.75
51,436, 709. 50
47,926, 432.50
47,014, 133.00
45,510, 098.00
41,780, 529.50
38,991, 935.25
33,752, 354.60
. 29,417, 603.15
23, 615, 735.80
22.893, 883.20
22.894, 194.00

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1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906

1, Sbl,240.26
1,721,590.26
1,636,890.26
1,346,880.26
1,262,680.26
1,218,300.26
1,176,320.26
1,415,620.26
1,280,860.26
1,205,090.26.
1.970,920.26
1,370,245.26
1,128,135.26

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
1,378,086,478.58
1,440,874,563.78

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
274,615,063.84
337,161 839.04

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
1,284,748,291.87
1,372,726,152. 25

899,313, 380.55
901,672, 966.74
955,297,253.70
986,656, 086,14
027,085,492.14
155,320, 235.19
107,711',257.89
044,739 119.97
969,457 241.04
925, on: 637.31
967,231,773.75
989,866 771.97
964,435 686.79

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
24,176, 781.00
23,248, 064.00

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




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70

KEPORT ON T H E FINANCES.

TABLE

D.—STATEMENT
.

NOTES

OF

THE

(BY WARRANTS)

ISSUE
FOR

THE

AND

Issues.
F i v e - t w e n t i e s of 1862, a c t of F e b . 25,
1862
L e g a l - t e n d e r n o t e s , a c t s of F e b . 25
a n d J u l y 11,1862, J a n . 7 a n d M a r . 3,
1863, a n d M a r . 14,1900
F r a c t i o n a l c u r r e n c y , a c t s of J u l y 17,
1862, M a r . 3, 1863, a n d J u n e 30,1864..
G o l d certificates, a c t s of M a r . 3,1863,
. J u l y 12,1882, a n d M a r . 14,1900
O n e - y e a r n o t e s of 1863, a c t o l M a r . 3,
1863
C o m p o u n d - i n t e r e s t n o t e s , a c t s of M a r .
3,1863, a n d J u n e 30,1864
T e n - f o r t i e s of 1864, a c t of M a r . 3,1864..
S e v e n - t h i r t i e s of 1864 a n d 1865, a c t s of
J u n e 30,1864, a n d M a r . 3, 1865
F i v e - t w e n t i e s of 1865, a c t of M a r . 3,
1865
Consols of 1865, a c t of M a r . 3,1865
Consols of 1867, a c t of M a r . 3,1865
Consols of 1868, a c t of M a r . 3,1865
S i l v e r certificates, a c t s of F e b . 28,1878,'
a n d M a r . 14,1900
R e f u n d i n g certificates, a c t of F e b . 26,
1879
N a t i o n a l b a n k - n o t e a c c o u u t , a c t of
J u l y 14,1890
T r e a s u r y n o t e s of 1890, a c t s of J u l y 14,
.1890, a n d M a r . 14,1900
F u n d e d l o a n of 1891, a c t s of J u l y 14,
1870, J a n . 21,1871, a n d J a n . 14,1875...
F u n d e d l o a n of 1891, a c t s of J u l y 14,
1870, J a n . 21,1871, a n d J a n . 14,1875,
continued at 2 per cent
L o a n of 1904, a c t s of J a n . 14,1875, a n d
M a r . 14,1900
F u n d e d l o a n of 1907, a c t s of J u l y 14,
1870, J a n . 20,1871, J a n . 14,1875, a n d
M a r . 14,1900.
L o a n of 1908-1918, a c t s of J u n e 13,1898,
a n d M a r . 14,1900
,
Consols of 1930, a c t of M a r . 14, 19C0- -.,

YEAR

OF

ENDED

Redemptions.

LOANS
JUNE

AND
30,

E x c e s s of
issues.

$107,840,000

E x c e s s of
redemptions.

158,630,100.00

$50.00

107,840,000.00

200,830,000

1,351.80

1,351.8
$42,199,900

160.00

160.00

900.00
100.00

900.00
100.00

250.00

321,156,000

.250.00

1,000,00
250.00
7,950.00
200.00

1.000.00
250.00
7,950.00
200,00

308,948,000.00

12,208,000

1,250.00
35,132,672

24,724,135.00

10,408,537

2,027,000.00

2,027, 000,00

19,100.00

19, 100.00

42,000.00

42, 000.00

170,150.00

170, 150.00

39,842,500.00

39,842, 500.00

13,189,900.00
53,032,400

53,032,400
655,446,346.80

117,850,887

E x c e s s of issues
Excessof redemptions.
N e t e x c e s s of issues c h a r g e d i n r e ceipts a n d e x p e n d i t u r e s
a I s s u e d i n e x c h a n g e for r e f u n d i n g certificates a n d i n t e r e s t d u e t h e r e o n .




TREASURY

1906.

$50,00

717,993,122

Total

REDEMPTION

FISCAL

13,189, 900,00
55,304,111,
117,850, 887.00
55,304, 111.80
62,546,775.20

TABLE

E.—STATEMENT SHOWING THE

PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING FUND DURING EACH FISCAL Y E A R

FROM ITS

MAY,

1869,

TO

AND

INCLUDING

JUNE

30,

1906.

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

Total

• J U N E 30, 1869.
1862
M a r c h , 1864
J u n e , 1864
1865
,

-

,--..
J U N E . 30, 1870.

of
of
of
of

1862
March,-1864
J u n e , 1864
1865

of
of
of
of

J U N E 30, 1871.
1862
,
M a r c h , 1864
J u n e , 1864
1865

,
,
,
,

Total

:

Total

Principal re- P r e m i u m paid.
deemed.

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.

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

$253,822.84
11,725.00
161,946.45
74,969.00
73,736.80
749,208.08
49,442.50

$1,874,822.84
81,725.00
1,212,946.45
539,969.00
534,736.80
5,467,208.08
354,442.50

$1,349,970,02
57,552.82
873,205.61
387,566.28
387,903.26
3,948,586.11
256,653.20

$16,210.00
700.00
10,510.00
4,650. 00
13,830.00
141,540.00
9,150.00

$7,384.60
218, 63
1,470.42
2,683,54
429,04
116,032.35
8,173.98

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

8,691,000.00

1,374,850.67

10,065,850.67

7,261,437.30

196,590.00

136,392.56

60,197.44

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

493,479,42
15,742,87
506,189.91
361, 735,43
1,454,778,37
861,763.73
53,363. 95

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

3,263,099.51
75, 658.54
3,647,628.29
2,606,636.20
10,681,736.97
5,309,810.90
308,573.16

160,919.50
5,350.00
165,834.00
105,257.50
495,421,50
302,734.50
19,380.00

.45,994,49
1,080,99
49,946.00
37,113.53
145,518,29
66,111,51
5,238,73

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

Kl

3,747,053.68

31,898,953.68

•25,893,143.57

1,254,897.00

351,003.54

903,893.46

2,792,950, 00
29,500.00
3,967,350.00
6,768,600.00
10,222,200.00
6,103,050.00
52,600.00

227,607. 56
2,277,20
340,529.63
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
2,523.87

29,936,250.00

F i v e - t w e n t i e s of
F i v e - t w e n t i e s of
F i v e - t w e n t i e s of
F i v e - t w e n t i e s of
Consols, 1865.:
Consols, 1867
Consols, 1868

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

IN

28,151,900, 00

Y''ear e n d e d —

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

INSTITUTION

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

J U N E 30, 1872.
Five-twenties
Five-twenties
Five-twenties
Five-twenties
Consols, 1865
Consols, 1867
Consols, 1868
Total

of
of
of
of

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




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tei.
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2

>

te

zn

a
Kj-

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

28,457,562.83

1,725,881,50

392,385.45

1,333,496.05

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

32,349,258.17

Premium paid.

$7,137,100.00
50,000.00
3,741,150. 00
1,959,850.00
10,768,250.00
4,402,100.00
619,550:00
28,678,000. 00

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

Interest due
a t close of fiscal year.

N e t cost i n
currency.

Principal redeemed.

Year ended—

J U N E 30, 1873.
Five-twenties
Five-twenties
Five-twenties
Five-twenties
Consols, 1865
Consols, 1867
Consols, 1868

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

..

-

Total

O
fy

J U N E 30, 1874.
1,415,391.05
2,012,051:32
1,241,571.69
3,374,934.42
4,029,975.86
798,926.40

99,519.00
141,438,50
87,307,50
203,619.00
243,060.00
48,138.00

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

14,331,523,55 • 12,872,850.74

823,082.00

222,586.28

25,170,400.00

25,170,400. 00

541,973.50

353,061.56

188,911.94

5,785,200.00
10.869,600.00
1,789,250.00

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

404,964.00
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
30.00

1,181,67
1,323.60
3,141.08
108.97
21.20

, 447,500.00

447,500.00

• 24,026.25

5,776.52

161,219.79
218,457.39
135,577.95
360,964.62
432,348.18
86,505, 62
1,395,073. 55

-

f

Total

O
t^

600,495.72

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. do

F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s of 1865 -Consols, 1865
Consols, 1867
Consols, 1868

tei

1,582,919.79
2,239,007.39
1,382,827,95
3,754,614,62
4,483, 348,18
888,805. 62

H

W
tei

J U N E 30, 1875.
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 1862
F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s of 1865
Total

:

...

:

• J U N E 30, 1877.
F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s of 1865
Consols', 1865
Consols, 1867
Total

.

.




a

tei
zn

J U N E 30, 1876.

°
-

...

•

3,170.58
8,619.90
6,377.92
72.53
8.80
18,249.73

JUNE 30, 1878.
Five-twenties of 1862
Five-twenties of June, 1864
Five-twenties of 1865
Consols, 1865
Consols, 1867
'
Consols, 1868

17,900. 00
15,900. 00
2,350. 00
23,600. 00
5,700. 00
8,500. 00

966.00
834.00
129.00
1,416. 00
342.00
510.00

192.65
78.41
40.92
273.35
134.76
89,83

73,950.00

73,950. 00

4,197.00

• 809.92

3,387.08

2,650.00
3,150, 00
1,850.00
1,700. 00
9,050.00
100.00

165.75
94,50
85.50
102.00
543, 00
6,00

40.35
18.53
41.22
41.49
166.62
.56

125.40
75.97
44 28
60.51
376.38
5.44

18,500.00

18,500. 00

996.75

308.77

687.98

100.00
100. 00
250.00
676,050. 00
2,837,000, 00
32,064,250,00
12,797,150,00
202,550,00
23,575,450,00
1,500,000,00

$74,161.95
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
3,662.56
130,349.36
10,191.74

3.33
3,51
8.65
15,296.10
37,569.80
647,658. 71
271,568.21
6,124.94
284,813.34
4,808.26

73,652,900, 00

-

Total

17,900.00
15,900.00
2,350. 00
23,600.00
5,700. 00
8,500.00

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
51,277.58
16,712, 450,00 c . 488,876.11
7,057,100.00
199,514.62
54,250.00
1,408.65
42,769,400.00
320,171.82

3,000.00
50.00
100.00
7,826,277: 58
17,201,326.11
7,256,614.62
55,658.65
43,089,571. 82

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

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

129,78
3,25
5,26
302,317,12
802,703,05
277,984.99
2,033,39
843,131,21

74,371,350, 00

75,432,598.78

2,935,731.65

707,423.60

2,228,308.05

773.35
755 59
88.08
1 142 65
207.24
420 17

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

2,650.00
3,150. 00
1,850.00
1,700.00
9,050. 00
100. 00

Total

y^'

6

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

ZP

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O
W

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1^

W

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tei

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ZP:
H4'

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




1,061,248.78

CO

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

ETC.—Continued.

N e t cost
estimated i n
gold.

Interest due
a t close of fiscal year.

Accrued
interest paid
in 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

$55,215,850,00
2,637,850.00
1,000.00
2,224,450,00

$1,368,894. 62
91,701.75
23. 33
115,717.53

$579,493.12
25,771.80
2.78
6,771.83

$789,401.50
65,929.95
20.55
108,945.70

'60,079,150.00

60,079,150.00

1,576,337.23

612,039.53

964,297.70

100.00
41,300.00
661,750.00
34,128,150.00
10,019,400.00

100.00
41,300. 00
661,750.00
34,128,150.00
10,019,400.00

5.50
1,716.66
20,760.25
1,171,034.37
233,862.12

14.18
138.13
5,293.40
186,913. 66
137,402.11

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

Principal r e - . P r e m i u m paid.
deemed.

Year ended—

N e t cost i n
currency.

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

o

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 1 8 8 1 . . .
..--—.
L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3^ p e r c e n t . . . . . ' .
L o a n of M a r c h , 1863, c o n t i n u e d a t 3^ p e r c e n t
F u n d e d l o a n of 1881 c o n t i n u e d a t 3 i p e r c e n t
Total

.

tei

J U N E 30, 1884.
200.00
5,200.00
422,550.00
, 566,250.00
33,221,450.00
12,553,950.00

9.50
187.08
14,789.25
19,818.75
1,018,176.97
• 240,130.13

13.35
164.24
2,823.94
7,069.86
276,923.93
31,884.61

3.85
22.84
11,965.31
12,748.89
741,253.04
. 208,245.52

46,769,600.00

1,293,111. 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

Total

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

46, 769,600.00

F i v e - t w e n t i e s of 1882
F u n d e d l o a n of 1881 L o a n of M a r c h 1863 c o n t i n u e d a t 3 i p e r c e n t
L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3 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

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

271,067.32

889,036.17

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




o

-

> . •

"4
o
Zfl

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
Teurforties of 1864
Consols of 1865
Consols of 1867
Consols of 1868
Funded loan of 1881
Loan of 1882
,...
Loan of 1863, continued at 3^ per cent
,
Loan of July ti,nd August, 1861, continued at 3i per cent,
F u n d e d l o a n of 1881, continued at 3i per cent
Total

,

100.00
2,500.00
1,100.00
67,500.00
4,300.00
300.00
14,250.00
15,900.00
26,950.00
12,250.00
49.800.00
44,044,800.00
4,100.00
96,750.00
190,750.00

Loan of 1882
,
Ten-forties of 1864
,
F u n d e d loan of 1881
: -,
,
Loan of July and August, 1861. -•
,
Five-twenties of 1862
:
,
Five-twenties of 1865
Loan of February, 1861
,
Loan of 1863
Consols of 1865
,
Consols of 1867
,
Consols of 1868
,
Loan of July and August, 1861, continued at 3^ per cent.
Loan of 1863, continued at 3^ per cent
•
Funded loan of 1881, continued at Sh per cent
—
Total

1.50.
53.25
31, 50
1,425.00
85.25
6.00
356.25
419.25
662.25
203,25
826,50
435,942,01
123.00
2,848.50
4,704.13

18.00
99.00
33.00
14,399.00
31.14
2.02
278.80
842.29
2.070.75
570.04
868.55
220,617.44
3L32
1.560.76
1,065.34

16 50
45 75
1 50
12,974,00
54 11
3 98
77 45
423 04
1,408,50
366 79
42 05
216,324,57
91 68
1,287.74
3,638,79

zn

44,531,350.00

44,531,350.00

447,687.64

242,487.45

205 200 19

o

47,748,750.00
1,300.00.
3,100.00
28,700.00
650.00
8,000.00
2,000.00
13,400.00
18,200.00
34,000.00
500.00
1,500.00
8,500;00
25, 600.00

47,748,750. 00
1,300.00
3,100.00
28,700.00
650.00
8,000. 00
2,000.00
13,400.00
18,200. 00
34,000.00
500.00
1,500.00
8,500.00
25,600.00

1,375, 653.00
84.17
110.83
1,722.00
45.50
560.00
120.00
804.00
1,092.00
2,040.00
30.00
52.50
297.50
926.33

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

1,151,976,62
35 33
55 97
861 00
12 62
86 08
60 00
402 00
1,055,16
1,293,69
240 25
•
29 92
237 19
713 16

47,894,200, 00

:
JUNE 30, 1887.

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

47,894,200.00

1,383,537.83

231,864.88

1,151,672.95

18,880,500.00
21,Oil, 366.17
6,685,299.71

660,630.00
794,247.00
203,293,00

94,660.88
95,098.43
43,817.79

565,969,12
699,148,57
159,475.21
1,424,592.90

•

JUNE 30, 1888. x
Loan of 1882
Funded loan of 1891
Funded loan of 1907
Total

-JUNE 30, 1889.

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




:

18,880,500.00
19,455,400.00
5,389,250.00

$1,555,966.17
1,296,049.71
2,852,015. 88

46,577,165.88

1, 658,170,00

233,577.10

1,150.00
500.00
57,900. 00
3,000.00
100.00
12,153,850.00
20, 839,650.00

844,918.01
7,672,222.29

. 1,150.00
500.00
57,900.00
3,000.00
100.00
12,998,768.01
34,511,872,29

69,00
30.00
1,709.25
105.00
3.50
480,076.12
1,Oil,368.00

39.00
15.00
354.94
20.42
.91
39,397.68
180,452.69

•39,056.].=)0. 00

8,517,140. 30

47,573,290,30

1,493,360.87

220,280-. 64

43,725,150. 00

30 00
15,00
1 354 31
84,58
2.59
440,678.44
830,915.31
1,273,080.23

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

ETC.—Continued.

•

Principal redeemed.

Year ended—

P r e m i u m paid.

N e t cost i n
currency.

N e t cost
estimated in
gold.

Interest due
a t close of fiscal year.

Accrued
interest paid
i n coin.

$119.25
35.00
137.50
537,523. 68
1,045,804.50

$11,39
16.88
109.14
69,588.99
156,655.13

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

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

$107.86
18.12
28.36
467,934.69
889 149 37

$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
591,331.22

44,001, 750.00

3,860,086.28

47,861,836.28

1,720,975.74

1,210,799. 92

510,175. 82

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

1.42
250. 00
93.30
.15
26.76
4.25
53.64
179,940.75
41.93

.83
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 3 i p e r 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. OC
76,850.00
511, 700. 00

• .75
30. 00
228.00
35.00
17.50
23.33
2,653. 75
16,580.99

.75
90.00
2,358.00
24.74
8.10.
.86
377.80
5,977. 72

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

601,175.00

601,175.00

19,569. 32

8,837.97

10,731.35

J U N E 30, 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
W a r - b o u n t y 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 3 i p e r c e n t
L o a n of 1882
F u n d e d l o a n of 1891
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
J U N E 30, 1893,

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




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J U N E 30, 1892.

Total

te

. . .

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Loan of
Loan of
Funded
Funded
Loan of
Funded

July
July
loan
loan
1882
loan

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

•

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

Loan of
Loan of
Funded
Funded
Loan of
Funded

214,900.00

7,505.47

2,304.05

5,201,42

7,400.00
3,000.003,100.00
2,500. 00
7,350.00
96,200.00

325.50
90.00
163.33
36.46
97.12
3,509.04

321.00
90.00
454.64
19.99
47. 47
1,810. 73

291, 31
16,47
49.65
1,698.31

119,550,00

119,550.00

4,221.45

2,743.83

i, 477.62

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

Ij 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
7,178.2"0

6.00
33.26
15.00
15.30
14.58
18.72
21.51
6,247.96

245,900.00

,

3.00
359.01
6 82
224,58
50.71
4,557.30

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

Total

3.00
270.99
151.51
134. 75.
22.29
1,721.51

7,400.00
3,000.00
3,100.00
2,500.00
7,350.00
96,200,00

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

6.00
630.00.
158. 33
359.33
73.00
6,278.81

214,900.00

of 1891

Total

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

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
3.14

35,200.00

35,200.00

2,738.09

2,172.76

665.33

4,50
ZP

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JUNE 30, 1896.
Oregon war debt
Loan of July and August, 1861
Loan of 1863
F u n d e d J o a n of 1881
Loan of July and August, 1861, continued at 3i per cent.
Loan of 1882
"".
Funded loan of 1891

. ..
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Total
JUNE 30, 1897.
Loan of July and August, 1861
Five-twenties of 1862
,
Loan of 1863
F u n d e d loan of 1881
Funded loan of 1881, continued at 3^ per centLoan of July and August, 1861, continued at 3i 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 30, 1898.
and August, 1861
of 1881
of 1881, continued at 3i per cent
of 1891
12, 1882

Total




,

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^
-^

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

Principal redeemed.

Year ended—

Premium paid. in Net cost
currency.

Net cost
estimated in
gold.

00

Interest due
at close of fiscal year.

Accrued
interest paid
in coin.

Balance of
interest due at
close of
fiscal year.

•

JUNE 30, 1899.

Total

. .
.

-

...

$2,300.00
600.00
1,100.00
600.00
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

^

$2,300.00
500.00
1,100.00
500.00
5,100.00
17,650.00

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

$1,824,569.40
548,933.00

100,00
600.00
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

Loan of July and August, 1861
Loan of 1863
Funded loan of 1881
Funded loan of 1881, continued at Si per cent
Loan of July 12, 1882
Funded loan of 1891

2,373,502.40

25,096,302.40

603,638.73

102,014,58

501,624.15

JUNE 30, 1900.
War bounty scrip
Loan of July and August, 1861
Funded loan of 1881
Funded loan of 1891
Funded loan of 1891, continued at 2 per cent
Funded loan of 1907
Loan of 1904.
'.

. ..

Total
JUNE 30, 1901.
Loan of July and August, 1861
Loan of 1863
Loan of July and August, 1861, continued at 3^ per cent
Funded loan of 1891
Funded loan of 1891, continued at 2 per cent
Funded loan of 1907
. .
Loan of 1904
Loan of 1908-1918
Total...:




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14,000.00
3,000.00
500.00
. 5,850.00
21,705,250.00.
12,983,700.00
1,084,300.00
291,520.00
36,088,120.00

2,670.00
90.00
17.60
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
60,859.46
5,309.78
1,118,71

150.00

>

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

a
zn

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

14,000.00
3,000.00
500.00
5,850.00
21,705,250.00
14,708,171.33
1,176,116.68
316,352.76

1,841,120.77

37,929,240.77

664,719.47

147,682, 79

417,036.68

J U N E 30, 1902.
Oregon w a r d e b t
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 3^ 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 1925

95
25
64
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
.60
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
708,909.68

14,043,391 14

70,242,971 14

1,735,567 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 61
22,705,325 41

11 67
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

1,300.00
7,000 00
18,607,200 00

47.62
121. 67
725,470 92

2.40
29 91
338,361 64

45.22
91.76
387,109.28

18,615,600 00

18,615,500 00

725,640 21

338,393.95

387,246.26

10,000 00
200.00
10,750.00
1,000.00
483,000. 00
300.00

10,000 00
200.00
10,750 00
1,000 00
483,000 00
300 00

700 00
11.67
401.44
6 67
20,569 97
9 00

67 40
5 30
118 90
4 27
5,176,44
1.63

632.60
6.37
282. 54
2 40
15,393. 53
7.37

505,250.00

505,250 00

21,698.75

5,373 94

16,324.81

19,100 00
42,000.00
170,150 00

19,100.00
42,000 00
170,150 00

714.00
416 00
8,187 29

217.24
179 50
1,802 41

496. 76
235 50
6,384.88

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
56,199,680 00

Total

2,958,620
175,680
173,880
10,735,20?

•

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

Total

zn

J U N E 30, 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

:

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J U N E 30, 1905.
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
F u n d e d l o a n of 1 8 9 1 .
.
.
F u n d e d l o a n of 1891 c o n t i n u e d a t 2 p e r c e n t
L o a n of 1904
F u n d e d l o a n of 1907
Total
J U N E 30, 1906.
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

231,250 00

231,250 00

9,316 29

2,199 15

7,117.14

966,111, 975 00

68,458,616 66 $157,677,967 61 1,012,320,181.44

33,776,242 00

9,304,803 33

24,471,438.67

•

Grand total




•

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DR.

July

1, 1905

June 30,1906

TABLE F . — S I N K I N G FUND ACCOUNT FOR FISCAL YEAR
To balance from last year
$441,742,395.71
To 1 per cent on the principal of the public debt on
11,323,570.95
June 30, 1905, less coin certificates. Treasury notes,
and cash available for reduction of the debt, viz,
$1,132,357,094.84.
To interest on redemptions prior to fiscal year 1906...
45,849,186.77
To interest on $234,131.80, amount of debt " paid "
9,482,95
during fiscal year 1906.




498,924,636.38

June 30,1906

1906.

By principal of bonded debt redeemed in 1906
By accrued interest thereon
By fractional currency and notes redeemed in 1906...
By accrued interest thereon
By premium or excess of present worth over par
value of bonds exchanged for 2 per cent consols of
1930.
By balance

CR.

OC

o

$231,250.00
2,199.15
2,881.80
443.71
1,417,479.53
497,270,382.19
498,924,636.38
Pi
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81

SECEETARY OP T H E TREASUEY.

TABLE G.—POPULATION, N E T REVENUE, AND N E T EXPENDITURES OF T H E GOVERNM E N T FROM 1837 TO 1906, A N D P E R C A P I T A O F T H E R E V E N U E S A N D P E R C A P I T A
OF E X P E N D I T U R E S .

Population,

Year.

655,000
112,000
684,000
069,453
591,000
132,000
694,000
276,000
878,000
500,000
143,000
805,000
489,000
191,876
995,000
802,000
615,000
433,000
256,000
083,000
916,000
753,000
696,000
443,321
064,000
704,000
365,000
046,000
748,000
469,000
211,000
973,000
756,000
558,371
555,000
596,000
677,000
796,000
951,000
137, 000
353,000
598,000
866,000
155,783
316,000
495,000
693,000
911,000
148,000
404,000
680,000
974,000
289,000
622,250
947,000
191,000
456,000
740,000
043,000
365,000
704,000
060,000
433,000
295,220
754,000
117,000
847,000
867,000
260,000
662,000

1837
1838
1839
1840
1841
1842
1843 (six months)
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
•
1864
1865
1866
1867
1868
1869
1870
1871
'....
1872
1873
1874...•
1875
1876
1877
1878
1879
.
•
1880.
1881
1882
1883
1884
1885
,
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897...
1898..--.
1899
1900
1901
1902
1903
1904
1905
1906
aThis
bThis
cThis
dThis

Net revenue.

$24,954, 153.00
26,302', 562,00
31,482 760.00
19,480; 115.00
16,860, 160,00
19,976 197.00
8, 302;702.00
29,321, 374.00
29,970; 106.00
29,699, 968.00
26,495, 769.00
35,735: 779.00
31,208', 143.00
43,603, 439,00
62,559; 304.00
49,846', 816.00
61,587; 064.00
73,800, 341,00
65,350, 675.00
74,056, 699.00
68,965! 313.00
46,655', 366.00
63,486! 466,00
66,064 608.00
41,509, 930,00
51,987, 455. 00
112,697, 291,00
264,626, 772,00
333,714, 605.00
558,032; 620.00
490,634, 010.00
405.038, 083.00
370,943, 747.00
411,255, 478.00
383, 323;945.00
374,106i 868.00
333,738, 205.00
304,978; 755.00
288,000, 051.00
294,095, 865.00
281,406, 419. 00
267,763, 879.00
273,827, 184.00
333,526, 611.00
360,782, 293.00
403,525, 250.00
398,287, 582.00
348,519, 870.00
323,690, 706.00
336,439, 727.00
371,403, 277.00
379,266, 075.00
387,050, 059.00
403,080, 982.00
392,612, 447.31
354,937 784.24
385,8I9; 628.78
297,722, 019.25
313,390, 075.11
326,976, 200.38
347,721 705.16
405,321 335.20
515,960; 620.18
567,240, 851.89
587,685, 337.53
562,478! 233.21
560, 396;674,40
540,631 749,40
544,274, 684.85
594,454 121. 67

Per capita on
revenue.
$1.59
L63
1.90
L14
,96
LIO
.89
1.62
L51
1.45
L25
. L64
1,39
L88
2.19
2,01
2,40
2,79
2.40
2.64
2.38
L57
L75
1.78
1.29
1.59
3.38
7.77
9.60
15.73
13.55
10.97
9.82
10.67
9.69
9.22
8.01
7.13
6.65
6.52
6.07
5.42
5.60
6.65
7.00
7.68
7,41
6,36
5.76
5.86
6.33
6.32
6.31
6.43
6.14
5,44
5,-81
4.40
4,64
4.65
4.85
5.55
6.93
7,43
7.56
7.11
6.93
, 6.60
6.64
7.02

Net expenses.

$37 243, 496.00
,
,059,00
33 865,
1,128.00
26 899,
•
,
24 317, 579,00
,873,00
26 565,
,761.00
25 205,
,075.00
11 858,
'
,
22 337, 571.00
,408.00
22 937,
,
27 766, 925.00
.
,
57 281, 412,00
•
,
45 377, 226,00
,657,00
45 051,
,492,00
39 543,
,017,00
47 709,
,919.00
44 194,
,111.00
48 184,
,
68 044, 862.00
,
59 742, 668.00
.
,
69 571, 026,00
,708,00
67 795,
.
,
74 185, 270.00
,
69 070, 977.00
,
63 130, 598.00
i
,
66 646, 645.00
,819.00
474 761,
,
714 740, 725.00
,614.00
865 322,
S
L,297 555, 224.00
,
520 809, 417.00
,
357 542, 675.00
1,285.00
377 340,
,278.00
322 865,
.
,
309 653, 561.00
,188.00
292 177,
,963.00
277 517,
,
290 345, 246.00
,
302 633, 873.00
;,393.00
274 623,
,085.00
265 101,
,475.00
2 1 334,
4
,327.00
236 964,
'
,
166 947, 884.00
1,958,00
267 642,1,888,00
260 712,
,440.00
257 981,
1,138.00
265 408,
,244.00
244 126,
1,935.00
260 226,
,138.00
242 483,
,
932, 179.00
267
,801.00
a 267 924,
,978,00
&299 288,
,710.00
C318 040,
,
d365 773, 905.35
;
,
345 023, 330.58
,954.49
383 477,
.
,
367 525, 279,83
,298,29
356 195,
,446.08
352 179,
,159,57
365 774,
1,582,80
443 368,
,179,85
605 072,
,791.71
487 713,
, 353.15
509 967,
,857,64
4 1 190,
7
,
506 099, 007.04
,321.31
582 402,
, 913. 45
567 278,
,799,06
568 784,

Per capita
on
expenditures.

2.10.
1.62
1,42
1.51
L39
L27
1.16
L15
L36
2.71
2.08
2.00
1.71
1.98
L79
1.88
2.20
2.19
2.48
2.34
2.49
2.26
2.01
2.08
14.62
21.42
25.42
37.34
14.68
9.87
10.21
8.55
8.03
7.39
6.84
6.97
7.07
6.25
5.87
5.21
4.98
5.46
5.34
5.08
4,91
4.94
4,44
4,63
4,22
4.66
4.46
4.88
5.07
5.72
5,29
5.77
5.43
5,16
5,01
5,10
6.07
8.14
6.39
6.56
5.96
6.26
7.11
6,81
6.72

includes $8,270,842,46 of "premiums on purchase of bonds,"
includes $17,292,362.65 of "premiums on purchase of bonds."
inciudes $20,304,224.06 of " p r e m i u m s on purchase of bonds."
includes$10,401,220.61 of "premiums on purchase of bonds."

NOTE.—The net revenue and expenses and per capita on revenues for 1891 were erroneously stated
by the Register of the Treasury in his reports for 1891,1892, and 1893. (See Finance Reports for those
years, pp. 845, 767, and 906.)




82

EEPORT

ON

THE

FINANCES.

T A B L E H . — I N T E R N A L A N D CUSTOMS R E V E N U E

AND

EXPENSES OP COLLECTING,

FROM

1858 TO 1906.
Year ended
June 30—

Revenue.^

Expenses of collecting.&

Dollars.
1858
1859
1860
1861
1862
1863
1864
1865
1866
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
1905
1906

• Customs revenue.

Internal revenue.

Dollars.

DoUars.

(d)
\d)
\d)

\d)

{d)
37,640,787.95
109,741,134.10
209,461,215.25
309.226.813.42
266.027.537.43
191,087, 589,41
158,356,460.86
184,899,756.49
143,098,153.63
130,642,177.72
113,729,314.14
102,409, 784.90
110,007,493.58
116,700,732.03.
118,630,407.83
110,581,624.74
113,561,61.0.58
124,009,373.92
135,264,385.51
146,497,695.45
144,720,368.98
121,586,072.51
112,498,725.54
116,805,936,48
118,823,391.22
124,296,871. 98
130.881.513.92
142,606,706.81
145.686.249.44
153,971,072.57
161.027.623.93
147,111, 232.81
143,421,672.02
146,762,864.74
146,688,574.29
170,900, 641.49
273,437,161,51
295,327,926.76
307,180,663. 77
271,880,122.10
230,810,124.17
232,904,119.45
234,095,740,85
249,150,212.91

hi)

(^)

108,685,00
253,372,99
385,239.52
5,783,128.77
7,335,029.81
8,705,366.36
7,257,176.11
7,253,439.81
7,593,714.17
5,694,116,86
5,340,230.00
4,609,976.05
4.289.442.71
3.942.613.72
3,556,943.85
3,280,162.22
3,527,956.56
3,657,105.10
4,327,793.24
4,097,241.34
4,424,707.39
4,216,847.26
3,853,035.94
3,578,679.42
3,826,507. 98
3,626,038.91
3,770,388.72
3,780, 950.41
4,003.485. 65
3,879,082.31
4,144,927.02
3,749, 029.22
3,754,935.45
3,846,887.55
3,606,798.85
3,705,256. 95
4,350,543.05
4,446,318.98
4,404,986. 68
4,360,144.97
4,496,479.28
4,507,867.83
-4,338,184.70
4,391,660.65

Revenue.^

3.38
2.99
2.96
3.1.0
2.95
3.20
2.80
3.06
3.47
3.42
3.06
3.22
2.92
2.88
2.65
2.75
2.52
2.57
2.55
2.62
2.62
2.46
2.17
1.59
1.51
L43
1.60
1.95
1.94
1.85
L76

41,789,620,96
49,565,824.38
.53,187,511.87
39,582,125.64
49,056,397.62
69,059,642.40
102,316,152.99
84, 928, 260,00
179,046,651.58
176,417,810.88
164,464,599. 56
180,048,426.63
194,538,374.44
206,270,408.05
216,370,286.77
188,089,522.70
163.103.833.69
157,167,722.35
148,071,984.61
130,956,493.07
130,170,680.20
137.250.047.70
186,522,064.60
198,159,676.02
220,410,730.25
214,706,496. 93
195.067.489.76
181,471,939.34
192,905,023.44
217,286,893.13
219,091,173. 63
223,832,741.69
229,668,584.57
219,522, 205.23
177.452.964.15
203,355,016.73
131,818,530. 62
152,158, 617.45
160,021,751.67
176,554,126.65
149,575,062.35
206,128,481.75
233.164.871.16
238,585,455.99
254,444,708.19
284,479,581.81
261,274,564.81
261,798,856.91
300.251.877.77

Expenses of collecting, c
Dollars.
2,903,336.89
3,407,931.77
3,337,188.15
2,843,455.84
3.276.560.39
3,181,026.17
4,192,582.43
5,415,449.32
5,342,469.99
5,763,979.01
7,641,116.68
5,388,082.31
6,233, 747.68
6,568,350.61
.6,950,173.88
7,077,864.70
7,321,469.94
7,028,521.80
6.704.858.09
6.501.037.57
5,826,974. 32
5.477.421.52
6.023.253.53
6.383.288.10
6,506,359.26
6,593,509.43
6,709,4.85. 76
6,494,847.29
6,427, 612.67
6,855,801. 74
7,156,187.77
7,030,487.00
6,859,986.09
6,964, 367.09
6,646,276.05
6,756,790.98
6,791,872.86
6,736,690. 92

7.237.796.40
7,075, 372.05
7.152.276.58
7,361,562.83
7,467,692.48
7,713,418.82
7,967,472.89
8,468, 710.19
8,665,636.37
9,115,499.44
8.997.669.41

Per cent.
6.94
6.85
6.27
7.18
6.67
4.60
4.09
6.39
2.98
3.26
4.65
2.99
3.20
3.18
3.21
3.76
4.49
4.47
4.53
4.90
4.47
3.90
3.23
3.22
2.95
3.07
3.44
3.58
3.33
3.16
3.27
3.14
2.98
3.17
3.74
3.32
•5.15
.4.43
4.52
4.01
4.78
3.57
3.20
• 3.23
3.13
2.98
3.32
3.48
3.00

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, e t c , and including expenses incident to enforcing the provisions of law taxing oleomargarine; salaries and expenses of revenue agents, surveyors of
distilleries, gagers, 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,
gaging, 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
appropriatibns 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.
dNodata. •




SECRETARY OF THE TREASURY.

83

TABI^E I.—STATEMENT OF THE N E T DISBURSEMENTS (BY WARRANTS) DURING THE FISCAL
Y E A R ENDED J U N E 30, 1906.
CIVIL.
Congress
Executive
Judiciary
:...
Government in the Territories
Subtreasuries
Public land offices
Mints and assay offices

=
,
i

$5,555,663.08
14,412,684.26
7,904,947.80
192,643.04
617,815.21
706,545.22
251,513.55
$29,541,812.15

FOREIGN INTERCOURSE.
:

Diplomatic salaries
J..
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 officers for services to American vessels and seamen . .
Emergencies arising in the diplomatic and consular service
Spanish indemnity :
:
Chinese indemnity
Pious fund of the Californias
!
Other trust funds
Miscellaneous items

365,664.03
850,143.73
251,954,92
265,032.79
26,434.49
34,979.54
14,596.55
116,929,06
28,600.00
4,881.42
. 82,526.68
17,485.20
283,171.82 .
2,342,300.13

MISCELLANEOUS.
Public printing and binding
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
Refunding taxes illegally collected under internal-revenue laws
Allowance or drawback under, internal-revenue laws
Refunding t a x on contingent beneficial interests
Paynient of judgments against internal-revenue officers
Collecting revenue from customs
$8,997,669,41
Detection and prevention of frauds upon the customs revenue
149,554,."-^

5,746,177.00
232,487.37
1,028,384,53
4,229,938,73
67,230,86
134,122.28
94,491.06
15,034,35
42,252,17
8,516.85
728,471.41
425,428,49

9,1,47,224,30
RepajTnent to importers excess of deposits
3,320,221.70
Debentures and drawbacks under customs laws
' 6,107,278.94
Revenue-Cutter Service
1,469,596.17
Revenue vessels
80,971.02
Life-Saving Service
.1,843,012,24
Public Health and Marine-Hospital Service
1,200,098.80
Engraving and printing
:
2,914,726,84
Custom-houses, post-offices, court-houses, etc
8,736,004.19
Pay of assistant custodians and janitors of public buildings
1,464,632,20
Fuel, lights, and water for public buildings
1,135,656.14
Furniture for public buildings
707,549.50
Distinctive paper for United States securities
249,873.96
Expenses ofnational currency
27,945.09
Transportation and recoinage of coin
289,641.84
Preventing the sprea.d of epidemic diseases
226,420.79
Suppressing counterfeiting and other crimes
114,587,26
Interstate Commerce Commission
385,588,69
Expenses under Smithsonian Institution
143,595,86
National Museum
808,058.92
National Zoological Park
96,380.10
French spoliation claims
96,887.69
Louisiana Purchase Exposition, St, Louis
20,904,11
Lewis and Clark Centennial Exposition, Portland, Oreg
..^
106,516.98
Ter-Centennial Celebration, Jamestown, Va
5,000.00
Canal connecting the Atlantic and Pacific oceans
19,379,373.71
District of Columbia:
General expenses
$10,648,140.78
Water department, pavable from the water fund
383,206.54
Special trust funds
456,903.48
11,487,249.80
Buildings and grounds in Washington under Chief Engineer
301,093.35
Fuel, lights, etc.. State, War, and Navy Department building
62,090.61
Care, maintenance, etc,, bf Washington Monument
11,207.68
Prevention of deposits in New York Harbor
85,364.74
Monuments and statues
145,148,60
Photolithograpbing for the Patent Office
136,156,26
Official Gazette, Patent Office . - 173,198.20
Surveying public lands
-'
276,498.23
Surveying forest reserves
123,986.45
Contingent expenses of land offices
223,977.10
Geological Survey
999,687.05




84

REPORT ON TFIE FINANCES.

TABLE I.—STATEMENT OFTHE N E T DISBURSEMENTS (BY WARRANTS) DURING THE FISCAL
YEAR ENDED JUNE 30, 1906—Continued.
MISCELLANEOUS-Continued.
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, Ark
6,3, and 2 per cent funds to States
Government Hospital for the Insane
Columbia Institution for the Deaf and Dumb
Howard University
:- Freedmen's Hospital and Asylum
Capitol building and grounds
Office building. Senate
Office building. House of Representatives
Interior Department building
Colleges for agriculture and the mechanic arts
Schools outside incorporated towns, Alaska
Testing fuel, Louisiana Purchase Exposition
Deficiency in the postal revenues
Mail transportation, Pacific railroads
,
• Department of Agriculture
Weather Bureau
Bureau of Standards
Bureau of Labor
Census Office
Coast and Geodetic Survey
Light-House Establishment
Bureau of Fisheries
:
Steamboat-Inspection Service
Bureau of Immigration
Enforcement of Chinese-exclusion act
Expenses of regulating immigration
Ellis Island immigration station
Salaries and expenses, shipping service
Services to American vessels
Supplies for native inhabitants of Alaska
Judgments, Court of Claims and United States courts
Miscellaneous items

.•

$99,750.71
7,256,926.75
258,021.16
59,844,95
190,123,42
26,000.60
171,066.04
369,567.50
95, 500.00
47,600.00
131,023.38
189,263.12
257,666.12
903,247.80
11,464.68
1,200,000.00
62,272.41
156,930.93
12,673,294.39
741,182,43
6,268,389,04
1,375, 298.80
155, 866,90
185,319,75
1,166, 379,30
854,060.31
4,349,840.93
684,283.84
462,115.24
32,914.16
425,109.07
1,472,701.38
141,510.01
64,878.09
16, 742.73
20,419.84
493,851.35
463,467. 65

$130,389,732.89

INTERIOR DEPARTMENT.
Indians
Pensions

12,746,859.08
141,034,561.77

:
MILITARY ESTABLISHMENT.

Pay Department
Pay Department, bounty and miscellaneous
Extra pay, etc., war with Spain
Mileage to officers and contract surgeons
Commissary Department
Quartermaster's Department
Barracks and quarters, Philippine Islands
National cemeteries, roads, etc
Medical Department
Artificial limbs, etc
Ordnance DepartmentArmories and arsenals
Armainent of fortifications
Gun and mortar batteries
Military Academy
•
Engineer Department
Engineer school, Washington, D. C
Building, Army War College, Washington, D. C
Improving rivers and harbors
Survey of northern and northwestern lakes
Military telegraph and cable lines, Alaska
Signal Service of the Army
•
Wagon roads, bridges, and trails, Alaska fund
National defense
Emergency fund
Construction of military posts, roads, etc
Fort Crockett reservation, Galveston, Tex
Support of Soldiers' Home
Soldiers' Home, permanent fund and interest account
State or Territorial Homes for Disabled Volunteer Soldiers
Support of National Homes for Disabled Volunteer Soldiers
Chickamauga and Chattanooga National Park
Shiloh National Park
Yellowstone National Park
Vicksburg National Park
Gettysburg National Park
Enlargement of Governors Island, New York H a r b o r —




27,922,254.07
166,848.49
370,928.55
476,969,66
5,509,333.18
28,378,990.13
361,201.68
267,919.48
1,266, 723.86
401,775.26
7,433,838,55
583,256.63
3,503,506.86
871,241.81
-933,073.09
2,245,515.17
152, 230.48
265,912.73
26,955, 402.28
113,971.05
35,633.00
196,167.31
83,500.00
44,437.34
1,665.49
1,627,229.85
288,000.00
578,934,43
535,829,23
1,232, 629,87
3,715,785,05
32,294,56
24,365,19
99,358.59
75,773.61
62,588.85
93,000,00

153,781,420.85

SECRETARY OF T H E TREASURY.

85

TABLE I.—STATEMENT OF THE N E T DISBURSEMENTS (BY^ WARRANTS) DURING THE FISCAL
YEAR ENDED JUNE 30, 1906—Continued.
MILITARY ESTABLISHMENT-Continued.
Reimbursing States and Territories for expenses of raising troops, war
with Spain
Payment to State of New York, account of war 1812-1815
Payment to State of Pennsylvania, account of war 1812-1815
Relief of sufl'erers from earthqua ke and conflagration on Pacific coast.
Claims reported by t h e Court of Claims under Bowman and Tucker
acts
Jmlgments, Court of Claims and United States courts
Bringing home remains of officers, soldiers, and others who die abroad.
Reliefs and reimbursements
Miscellaneous items

$218,065.23
118,585.84
236,762.65
963,477,56
26,126,61
84,185, 09
22,318,31
16,976.76
352,109.04

$117,946,692.37

NAVAL ESTABLISHMENT.
Pay, e t c , of the Navy
Pay, miscellaneous
Deposit fund
Contingent, Navy
:
;
Marine Corps . - -:
Naval Academy
Navigation
Ordnance
Equipment
Yards and Docks.
Medicine and Surgery
Supplies and Acco'unts
Construction and Repair
Steam Engineering
•
Increase of the Navy
Navy transportation. Pacific railroads
Prize money
Claims reported by Court of Claims uncier Bowman and Tucker acts . .
Judgments, Court of Claims and United States courts
Judgments, bounty for destruction of enemies' vessels
Miscellaneous items
Deduct repayments to general account of advances in excess of expenditures
Interest on the public debt
Total net ordinary expenditures
Redemption of the public debt
Premium
Total expenditures

H. Doc. 9, 59-2




:

21,116,464,34
654,338.83
628,630.89
51,251.09
4,153,707.32
1,812, 850.66
1,706,961.12
4,116,891.42
7,211, 690.00
6,405,666.52
832,267.33
6,160,003.15
7,932,792.75
4,565,273.64
42,606,067.50
68,868.07
12,542.92
-24,911.13
690,157.36
5,417.42
12,101,41
110,768,784,87
284,620.47

110,474,264.40
24,308,676.27
568,784,799.06
55,304, 111. 80
1,417,479.53
625,506,390.39

7

TABLE J.—STATEMENT SHOWING THE REVENUES AND EXPENDITURES OF THE GOVERNMENT BY MONTHS; THE LEGAL-TENDER NOTES, N E T GOLD,
AND AVAILABLE CASH IN THE TREASURY AT THE END OF EACH M O N T H ; THE MONTHLY REDEMPTION OF LEGAL-TENDER NOTES IN GOLD,
AND THE IMPORTS AND EXPORTS OF GOLD, FROM JULY, 1896, TO J U N E , 1906, INCLUSIVE.
Expenditures, excluR e v e n u e s , |siveof postal,
e x c l u s i v e of p r i n c i p a l of
postal.
debt, and
premium.

Month.

1896—July
August
September
October
November
December
1897—January ,
Februa'ry
March
April
May
-=...:.:
June

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

T o t a l for 12 m o n t h s
July
August
September...
October
November
December
1898—Ja.nuary
February
March
April
May
Juue

.

'...

T o t a l for 12 m o n t h s
July
August
September
October
•November
December




Surplus
revenues.

>

$42,088,468 a$13,059,259
35,701,677 a 10,139,580
a 1,995,290
26,579,635
a 7,695,447
33,978,277
a 8,050,024
33,260, 720
23,812, 665
2,044,449
30,269, 389
a 5,952,395
28,796,057
0 4,395,060
27,212,998
9,004, 664
32,072,097
5,740,038
29,109,259
688,132
22,934,695
13,650,013

347,721:705

365,774,160
50,100,909
33,588, 047
25, 368,816
33,701,512
37,810,839
27,634,092
36,696,711
26,599,256
31,882,444
44,314,062
47,849, 909
47,852,282

a l l , 073, 545
a 14, 564,432
a3,435, 718
a 9,310, 097
5,552,766
32,012, 606
636,917
1,973,102
1,076,307
a l l , 301,119
a 17, 775,091
a 14,342,969

405,321,335

443,368, 583

8,047,248

43,847,109
41,782,708
39,778, 070
39,630, 051
38,900, 915
41,404,794

74,263,475
56,260,718
54,223, 921
53,982,277
49,090,981
41,864,808

a 30,416,366
a 14,478,010
al4,445,851
a 14,352,226
a 10,190, 066
a 460,014

I m p o r t s of
gold.

E x p o r t s of
gold.

$110,718,746 $256,158,473
243,346,401
100,957,561
241,154,457
124,034,672
233,572,762
117,126,524
225,357,098
131,510,353
228,320,380
137,316,544
215,362,421
144,800,493
212,837,256
148,661,209
151,786,464 .222,045,606
153,340,890
228,090,517
144,319, 563 230,113,813
140,790, 738 240,137,627

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

140,817,699
144,216,377
147,663,105
153,573,147
157,353,851
160,911,547
164,236,793
167,623,182
174.584.136
181.238.137
171,818,055
167,004,410

233,016,457
218,561,207
215,192,787
207,756,100
220,663,560
235,474,769
223,871,786
225,564,204
226,166,944
215,810,622
195,754,815
205,657,571

51,099,556
58,345,061
39,2:30,848
21,587,896
16,166.768
15.380; 807

189,444,714
217,904,485
243,297,543
239,885,162
241,663,444
246, 529,176

254,844,215
294,487,085
307,557,504
300,238,275
292,376,790
294.764,695

$17,285,078
12,369, 725
4,661,446
12,073,835
4,062,410
• 1,131.846
946,068
924,124
1,249, :329
7,502,008
8,882,600
7,113,445

$1,667,986
4,289,538
34,347,009
28,193,769
7,487,300
2,801,044
943, 306
830,180
1,439,439
971,506
951,515
1,092,188

$11,931,436
1, 972,644
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

$102,125,226
111,800,038
98,868,949
96,535,206
75,034,912
70,628,317
48,509,'678
41,425,059
50,593,846
53,480,533
61,188,187
67,929,521

«18,052, 455

027,364
023,615
933,098
391,415
363,605
646,698
333,628
572,358
958, 751
012,943
074,818
509,313

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

cc

85,014,780

40,361,580

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

938,951
4,720, 569
4,723,181
11,775,483
3,054,089
2,582,405
6,493,414
6,162, 681
30,708,320
32,579,858
13,322,111
3,330,612.

6,462,869
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

24,397,963

120,391,674

15,406, 391

4,091,067
613,762
443,871
347,578
653,253
2.674, 754

2,641, 668
15,296,811
16,808,341
16,738,353
5,324,601
8,757,182

1,497,013
1,955,908
3,102,810
1,279,926
913,467
1,219,638

Pi

O

Q

zn

1899—January . .
February March
April
May
June
Total for 12 months .
July
August
SeptemberOctober
November December .
1900—January
February..
March
April
May
June
Total for 12 monthsJuly
August
September.
October . . . .
November.
December .
190lT-January .-February.March .."-.April
May
June
Total for 12 months .
July
August
September.
October
NovemberDecember .

41, 774, 930
37,979, 333
57,030,240
41,611,587
44,786,014
47,126,915
515,960,620

51,122,771
43,918,929
42,978,571
65,949,106
40,513,005
31,382,762

a 9,347,841
a 5,939,596
14,051,669
a 24,337,519
4,273,009
15,744,153

605,072,180

a 89,111, 560

48,054, 258 . 56,561,090
45,522,312
49,978,173
37,579,372
45,334,145
44,174,027
47,533, 589
40,769,848
46,945, 572
39,145,660
46,759,104
39,189,097
48,012,165
37,738,472
45,631,265
32,188,271
48,726,837
40,903, 928
45,039, 327
40,351,525
45,166, 053
33,540,673
51,435,832
667,240, 852
49,955,161
49,688, 756
• 45,304,326
51,626,067
48,344,515
46,846,508
47,520,287
45,844,123
49,891,125
47,767,851
52,629,440
50,333,908

487,713,792
63,979,653
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

587,685, 338 . 509,967, 353
52,320,340
45,394,125
44,434,423
49,831,953
45,716,777
47,061, 965

52,307,591
39,351,498
32,31.0, 736
40,645,936
40,198,917
37,318,998

a8; 506, 832
. 4,455,861
7,754,773
3, 359, 562
6,175,724
7,613,544
8,823,068
7,892,793
16,538,566
4,135,399
4,814,528
17,895,159
79,527,060

228,652,341
231,124,638
245,413,707
246,140,226
228,415,238
240,737,212

274,684,676
4,237,722
269,103,613
• 3,001,905
284,043,164
2,343, 753
263,127,533 . 1,781,270
267,584,094
2,725,378
281,380,469
2,737,952

245,254,534
248, 757,971
254,328,820
252,223, 797
239,744,905
236,909,230
218, 613,617
232,225,336
248,358,064
229,461,962
218,857,545
220,557,185

274,844,167
279,352,872
287,695,613
289,391,540
286,216,440
283,595,453
292,490, 973
298,362,824
306,792, 996
296,117,548
295,783,530
305,705, 655

a 4,024,492
26,781,*125 223,567,376
a 811,443
218,263,969
26,661,394
6,134, 355
2.30,131,162
20,468,514
3,632,429
242,670,175
11,680,495
7,065,854 • 11,408,327 243, 235, 735
6,641,886
10,700, 362 246,561, 322
7,410,580
221,183, 644
12,817,781
6,963,487
231,150, 064
11,358,967
9,128,263
9, 944, 303 249,046, 644
5,799,605
246,767, 053
9,155,801
10,492,879
244,432,246
12,304,350
17,288,761
248,605, 794
14,455,758

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

77,717,985
12,749
6,042, 628
12,123,687
9,186,017
5,517,860
9,742,967

13,973,412
12,837,975
8,732, 369
7,949,374
7,437,299
5,670,893

249,955,831
258,455, 786
251,635,354
259,346, 494
257,539,887
262,800,534

327,368,877
329,971,356
319,919,880
325,655,697
317,010,665
321,603,279

88,954,603

37,522,086

2,208,091
2,076,548
1,105,220
888,828
1,225,020
1,837,112
3,191,433
1,590,041
1,132,563
5,072,805
8,482,051
6,788,625

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

zn

35,598,337

-

1.765,451
567,962
1,109,845
1,162,484
2,049, 255
20,908,327

44,573,184

48,266', 759

Kl
•n

2,639,656
1,442,265
1,001,619
1,530,704
3,955,240
2,379,510
7,100,411
1,500.111
615,652
885,525
819,985
452,533

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

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

o

24,223, 111

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

6,392,344
5,148,906
3,187,575
2,482,871
3,070,265
3,105,686

25,652,265

•16,856,385
16,677,439
14,705, 478
14,317,850
15,169,090
16,191,155

66,051,187

•53,185,177

4,076,113
. 3,490, 528
11, 905,431
9,138, 638
7,431,678
2,791,522

2,875,120
150,861
163,362
4,066,747
16,292,500
4,744,123

845,565
' 2,315,616
881,012
2,409,965
1,824,251
2,314,174

&
O

w

E
H

>

H
:-rt

M
'r^

t.
r
W

>

Ul

pi
Kl

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.




GO

TABLE J.—STATEMENT, SHOWING THE REYENUES AND EXPENDITURES OF THE GOVERNMENT BY MONTHS,
Expenditures, excluRevenues, sive of postal,
exclusive of principal of
postal.
debt, and
premium.
1902—January
February
March
April
May
June

$46,582,144
41,159,739
46,501,414
45,215,390
49,509,449
49,677,469

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

•.

Total for 12 months




$38,548,278
39,099,291
38,102,437
40,799,263
38,746,798
33,837,859

2,060,448
8,398,977
4,416,127
. 10,762, 652
15,839,609

662,478,233

471,190,878
56,813,568
43,113, 611
37,554, 798
46,904,965
43,040, 258
36,533, 744
42,632,244
37,750, 750
44,987,587
41,763,814
40,586, 997
34,589, 738

a 7,507,877
5,492,202
11,025,583
4,486,297
5.58, 743
10,617,556
3,364,094
5,277,430
447,848
1,562,287
3, 626,973
13,764,316

560,396,674

506,099, 007

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

540,631,749

a 7,776,613
66,388,189
6,828,133
43,024,545
38,430,964
6, 533, 855
51,910,479
a 4,947,266
47,427, 788
a 2,735,193
32,255, 805
10,491,787
48,372,554
a 6,784,184
42, 6-54, 772
3,240, 635
41,704,398
3,057,101
47,010,265
a 5,480, 843
96,418,473 a 54,730,413
36,997,015
11,218,399
682,402,321

a 41,770,572

Exports of
gold.

$324,796,646
325.361,866
327,856,289
334,739,983
345, 350,229
362,187,361

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

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

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

11,573,873
11,423,194
10,465,039
5,813,498
2,434,085
3,485,725
9,076,523
9,433,542
5,330,470
7,037,750
9,475,212
12,997,534

248,499,879
2-53,201,871
260,714,057
258,892,307
267,011,715
265,571,972
229,362,090
236,241,028
248, .529,691
231,877,090
217,592,391
216,183,723

378,291,444
383,450,710
389,417,184
378,637,402
369,237,430
379,374,895
378,745,084
373,068,505
374,699,996
:370,919,1.88
313,287,516
322,051,568

$5,216, 580
1,139,411
272,793
377,005
460,553
700,255

$1,405,787
1,696,967
2,636,313
1,864, 767
1,497,053
4,086,457

$1,973,675
8,665,480
4,432,946
2,844,214
1,968,407
391,525

52,021,254

48,568,960

514,925
386,665
329,870
438,140
388,012
581,940
1,152, 500
372,425
528,110
1,199,055
1,336,375
1,039,228

1,594,421
5,143,597
'4,981,130
11,118,446
5,981,743
2,186,636
2,010,851
1,817,456
4,567,728
1,349,621
1,462,845
2,767,553

7,884,339
2,305,714
530,029
1,460,829
720,331
2,853,112
85,951
1,506,370
1,042,598
1,705,466
14,488,268
12,507,688

8,267,245

$239,040,401
238,821,209
244,858,050
242,945,286
246,554,393
253,801,291

54,297, 667

48,611,576
49,852,678
44,969,819
46,963,213
44,692,595
42,747,592
41,588,370
45,895,407
44,761,499
41,529,422
41,688,060
48,215,414

Imports of
gold.

18,757,180

$11,088,847
11,455,896
10,069,052
8,662,329
8,700,602
12,586,518

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, 435,435
43,326,101
44,113,970
48,354,054

Total for 12 months .

July
August
September
October
November
December
1904—January
February
March
April
May
June

Surplus
revenues.

oo
GO

ETC.—Continued.

44,982,027

47,090,595

1,033,060
707,110
443,595
727,685
697,545
1,149,135
1,396,920
1,080,598
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
10,472,582
4,886,233

9,117,768
84,776
998,076
362,177
993,150
1,464,656.
591, 567
732,614
3,063,458
19,470,157
43,069,053
1,522,544

99,055,;

81,4.59,986

11,555,194

Pi
O
Pi
H
O
!2l

a
zn

1904—July
August
September
October
November
December
1905—January
February . . •.
March
April
May
June

786,387
903,392
344,683
990,608
576,877
047,905
410,285
608,073
267,756
778,182
758,933
950,777

Total for 12 months
July
August
September
October
November
December
1906—January
February
March
April
May
June

s

"

Total for 12 months.

64,194,115
51,246,604
40,450,3.58
52,943,122
49,697,-548
41,497,698
49,628,299
41,461,234
45,295,127
48,989,601
46,719,056
35,288,849

a 17.407,728
a 6; 343,212
5,894,325
a 3,952,514
a 4,120,671
3,550,207
a 6,218,014
3,146,839
972,639
a 9,211,419
a 2,960,123
12,661,928

544,274,685

567,278,913

a 23,004,228

273.134
490,432
251,159
492,692
000,869
350,463
790,096
194,728
631,169
092,868
980,024
367,081
694,454,122

63,128,796 a 13,833,762
a 4,660,062
52,150,494
8,941,482
41,309, 677
-55, 710,038 a 5,217, 346
46,871,085
2,129,784
44,931,746
5,418, 717
46,919,736
3,870,360
43,720, 698
4,474,030
45,769,669
4,861,500
47,025,106
a 1,932,238
45,848,211
2,131,813
35,342,309
20,024, 772
568,784,799

25,669,323

15,290, 666
13,205, 652
10,372,232
6,600,158
3,526, 744
3, 474,041
9,016,456
10,650, 684
9,182,840
9,571,656
11,154,905
10,789,476

197,445, 631
199,512,294
223;098, 966
231,060,229
233,812, 615
229,664,318
201,244,581
202,8-57.181
221,231,681
212,331, 729
218,172,921
221,381,650

304,081,579
297,975,365
301,414,163
296,352,797
293,344,658
296,592,689
290,625,796
290,681,839
291,821,624
284,318,681
281,141,378
295,477,492

224,372,884
235,465,527
263,331,814
273,076,079
285,582,811
284,836, OSO
259,856, 877
276,418,068
284,378,284
260,229,777
269,690,707
290,489,841

279,865, 731
277,597,345
286,823,693
281,815,289
285,310,840
289,780,373
293,885,083
302,718,086
309,859, 322
307,126, 224
310,385,376
330,689,355

1,352,975
699,055
547,135
578,870
734,290
832,668
2,198,355
945,015
1,060,920
796,221
1,041,695
1,071,055

8,925,418
7,764,491
4,241,035
8,045,275
4,727,105
3,336,184
1,895,691
2,192,919
6,133,592
2,581,057
2,657,143
2,149,051

1,083,249
10,762,818
2,744,448
3,855,649
20,813,443
13,602,827
16,828,168
14,794,312
2,392,784
1,303,874
481,570
4,030,882

11,858,254

15,104,016
13,926,610
9,862.159
4,609,708
4,101,449
4,472,335
12,325,203
14,108,050
•14,679,367
15,051,220
14,430,032
14,401,301

53, 648,961

92,594,024

1,083,608
769,230
662,060
459,645
751,154
895,676
1,744,380
889,170
1,067,135
971,455
1,454,933
896,560

4,973,241
3,213,216
5,543,692
10,722,132
5,202,790
4,028,881
2,605,709
2,079,683
5,630,695
14,941,583
34,911,028
2,369,080

1,159,274
274,153
1,412,904
310,696
1,137,318
2,668, . 3
52
5,741,665
8,486,330
5,918,627
2,485,552
5,722,148
3,256,392

11,645,005

96,221,730

;, 573,591

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 accouhts, do not agree
with the totals by years. The latter are the.actual results, as shown by complete returns.




zn
Q
W

>

Pi
Kj

o

H
Pi

>

zn
d

pi
Kl

GO
CO

90

REPORT ON T H E EINANCES.

TABLE K.—STATEMENT OF RECEIPTS OF THE UNITED STATES FROM MARCH 4,
y
J U N E 30)

>
^
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
1887
1838
1839
1840
1841
1842
1843f'
1844
1845
1846
1847
18481849
1850
1861
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864
1865

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
5,196,642.00
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. 55
9,463,922.81
1, 946,597.1.3
5,201,650.43
6,358,686.18
6,668,286.10
5,972,435.81
5,755,704.79
6,014,539.75
4,502,914.45
2, Oil, 777.55
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
38,261,959.65
33,079, 276.43
29,416,612.45
32,827,082.69
35,871,753.31
40,158, 353.25
43,338,860.02
50,261,901.09
48,591,073.41
47,777,672 13
49,108, 229.80
46,802,855.00
35,113, 334. 22
33,193, 248. 60
32,979,530.78
30,963,857.83
46,965, 304.87
36,523,046.13
134,433,738.44




Customs.

$4
3
4
4
5
6
7
7
6
9
10
12
10
11
12
14
15
16
7
8
13
8
13
5
7
36
26
17
20
15
13
17
19
17
20
23
19
23
22
21
24
28
29
16
19
23
11
16
23
13
14
18
7
26
27
26
23
31
28
39
49
47
58
64
53
64
63
41
49
53
39
49
69
102
84

s m 47.^. O
Q
443,070.85
255, 306.56
801'065.28
888,461.26
567[987. 94
549, 649.65
106,061.93
610,449.31
080, 932.73
750,778.93
438, 235. 74
479,417.61
098,565.33
936,487.04
667,698.17
845,521.61
363, 550.58
257, 506.62
683,309. 31
313,222.73
958,777. 53
224,623.25
998,772.08
282, 942.22
306,874.88
283, 348.49
176, 385.00
283,608.76
005.612.15
004,447.15
589,761.94
088,433.44
878.325.71
098,713.^b
341,331.77
712,283.29
205, 523.64
681,965.91
922,391.39
224,441. 77
465,237.24
032,508.91
214,957.15
391,310.59
409,940.53
169,290.39
158,800. 36
137, 924.81
499,502.17
487,216.74
187,908.76
046, 843.91
183, 570. 94
528,112.70
712,667.87
747,864.66
757,070.96
346,738 82
668!686.42
017,567.92
339,326. 62
931,865.52
224,190.27
025,794. 21
022,863.50
875,905.05
789,620.96
565,824.38
187,511.87
582,125 64
056,397.62
059,642.40
316,152.99
928,260.60

I n t e r n a l revenue.

Direct tax.

P u b l i c ]and!5.

$208,'942." s i
337,705. 70
274,089.62
337,755. 36
475,289.60
'$l,'S36.'i3
575,491.45
83, .540. 60
644-, 357.95
11,903.11
779,136.44
809,396. 55 ""$734," 223.'97
443.'75
1,048,033.43
534,343.38
167,726.06
621,898.89
206,565.44
188,628.02
215,179.69
71,879.20
165,675. 69
50,941.29
50,198.44
487,526. 79
21,747.15
21,882.91
540,193.80
20,101.45
55,763.86
765,245. 73
13,051.40
34,732. 56
466,163.27
8,190.23
19,159.21
647,939.06
4,034.29
7, 517. 31
442,252.33
7,430.63
12,448. ^'^
696,548.82
2,295. 95
7,666.66 • 1,040,237.53
4,903.06
859.22
710,427.78
4, 755. 04
3,805. 52
835,655.14
1,662,984.82 2,219,497. 36
1,135,97L09
4,678,059.07 2,162,673.41
1,287,959.28
5,124,708.31 4,253,635.09 . 1,717,985.03
2, 678,100.77 1,834,187.04
1,991,226.06
955,270.20
261,333.36
2, 606, 564.77
229, 593. 63
83, 650. 78
3,274, 422.78
106,260. 53
31,-586.82
1,635,871.61
69,027. 63
29, 349. 05
1,212,966.46
67, 665. 71
20,961.56
1,803,581.54
34,242.17
10,337.71
916,523.10
34,663.37
6, 201.96
984,418.15
, 25,771.35
2, 330.85
1,216,090.56
21,589.93
6,638.76
1,393,785.09
19,885.68
2, 626.90
1,495,845.26
17,451.54
2,21.8.81
1,018,308.75
14,502.74
11,335.05
1,517,175.13
12,160; 62
16,980.59
2,329,356.14
6, 933.51
10,506.01
3,210,815.48
11,630.65
6,791:13
2,623,381.03
2, 759.00
394.12
3,967,682.55
4,196.09
19. 80
4,857,600.69
10,459.48
4,263.33 14,757,600.75
370.00
728.79 24,877,179.86
5,493.84
1,687.70
6,776,236.52
2,467.27
3,730,945.66
.55.5.'22
2,553.32
7,361,576.40
1,682.25
3,411,818.63
1,365,627.42
3,261.36
1,335,797.52
495.00
103.25
898,1.58.18
1,777.34
2,059,939.80
3,517.12
2,077,022.30
2, 694,452.48
2,897.26
2,498,355.20
375. 00
3 328,642.56
375.00
' 1,688,959.55
1,'859,894.25
•2,352, 305.30
2,043, 239.58
1 667 084 99
8!470,798.39
11,497,049.07
8^917,644.93
3,829,486. 64
3,513,715.87
1,756,687.30
1 778,557.71
870,658.54
152,203.77
1,795,331.73
167,617.17
37,'640,'787.'95 1,485,103.61
109,741,134.10
475,648. 96
588,333.29
209,464,215.25 1,200,573.03
996,553.31

'

''

^
'

1789,
FROM

Miscellaneous.

$10,478.10
9 918.65
21 410.88
53 277.97
28 317.97
1,169 415.98
399 139.29
58 192.81
86 •187.56
152 712.10
345 649.15
1,500 505.86
131 945.44
139 075. 53
40 382.30
51 121.86
38 550.-42
. 21 822.41
62 162.57
84 486.84
59 211.22
126 165.17
271 751.00
164 399.81
^85 282.84
273 782.35
109 761.08
57 617.71
57 098.42
61 338.44
152 589.43
452 957.19
141 129.84
127 603.60
130 451.81
94 588. m
1,315 122.83
65 126.49
112 648.55
73 227. 77
584 124.05
270 410.61
470 096.67
480 812. 32
759 972.13
2,245 902. 23
7,001 444.59
6,410 348.45
979 939.86
2,567 112.28
1,004 054.75
451 995.97
285 895.92
1,075 419.70
361 453. 68
289 950.13
220 808.30
612 610.69
685 379.13
2,064 308.21
1,185 166.11
464 249.40
988 081.17
1,105 352.74
827 731.40
1,116 190.81
1,259 920.88
1,352 029.13
1,454 596.24
1,088 530.25
1,023 515.31
915 327.97
3,741 794.38
30,291 701.86
25,441 556.00

aFor the half year from

91

SECEETARY OP THE TREASUEY.
TO J U N E 30,
THAT TIME.

1906,

Dividends.

1791
1792
$8,028.00
38,500.00
1793
303,472.00
1794
1795
160,000. CO
160,000.00
1796
80,960.00
1797
79,920.00
1798
1799
71,040.00
1800
71,040.00
1801
88,800.00
1802
39,960.00
1803
1804
1805
1806
1807
1808
1809
1810
1811
1812
1.813
1814
1815
1816
202,426. 30
1817
525,000. OOl
1818
675,000.00
1819
1820 1,000,000.00
105,000.00
1821
297,500.00
1822
350,000.00
1823
350,000. 00
1824
367,500.00
1825
402,500. 00
1826
420,000.00
1827
4.55,000.00
1828
490,000.00
1829
490,000.00
1830
490,000.00
1831
490,000. 00
1832
474,985.00
1833
234,349.50
1834
506,480.82]
1835
292,674.67
1836
1837
1838
1839
1840
1841
1842
1843a
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864
1865

BY C A L E N D A R

YEARS

TO

1843

J a n u a r y 1 to J u n e 30, 1843.




BY F I S C A L

Receipts
[from l o a n s a n d
Treasury
notes.

Net ordinary
receipts.

$4,409, 951.
3 , r " 960.
4,6.52, 923.
5,431 904.
6,114, 534.
8,377, 529.
8,688: 780.
7,9oo: 495.
7,546: 813.
10,848: 749.
12,935, 330.
14,995, 793.
11,064i 097.
11, 826, 307.
13, 560: 693.
15,559, 931.
16, 398, 019.
17,060, 661.
7,773, 473.
9,384: 214.
14,422, 634.
9,801 132.
14,340: 409.
l l , 1 8 i : 625.
15,696, 916.
47,676, 985.
33,099, 049.
21, 585: 171.
24,603: 374.
17,840, 669.
14,573, 379.
20,232: 427.
20,540: 666.
19,38i: 212.
21,840, 858.
25, 260: 434.
22,966: 363.
24,763: 629.
24,827: 627.
24,844: 116.
28,526: 820.
31,867 450.
33,948; 426.
21,791 935.
35,430;
50,826,
24,954'
26, 302,
31,482;
19,480,
16,860:
19,976,
8,231
29,320,
29,970,
29,699,
26,467:
35,628:
30,721
43,592:
52,555:
49,846:
61,587:
73, 800,
65,350,
74,056,
68, 965,
46,655,
.52,777
56,054
41,476,
• 51,919,
112,094
243,412,
322,031

AND

78,675. 00

i6,'i25.'cu

300.00
85.79
11, 541.74
68,665.16
1267; 8I9:14
412. 62|

Gross receipts.

$32,107.M
686.09

40,OUO.00

71,700.83
666. 60
28,365.91
37,080. 001
487,065.48
10,550.00
4,264.92
22.50

709,357.72
10,008.00
33,630.90
68,400.00
602,345.44
21,174,101.01
11,683,446. 891

(ENDED

Unavailable.

$4,771, 342.53.
8.772, 458.76.
6,450, 195.159,439, 855.65.
9,515, 758.598,740, 329.65 .
8,758, 780.99 .
8,179, 170.80.
12,546, 813.31 .
12,413, 978.34 .
12,945, 455.95.
14,995, 793.95.
11,064, 097.6311,826, 307.38 .
13,560, 693.20.
15,559, 931.07.
16,398, 019.26 .
17,060, 661.93 .
7.773, 473.12 .
12,134, 214.28 .
2,750,000.00
14, 422, 634.09.
12,837, 900.00
22,639, 032.7626,184, 135.00
40,524, 844.95 23,377, 826.00
34,559, 536.95.
35,220, 671.40
50,961, 237.60.
9,425; 084.91
57,171, 421.82466, 723.45
33,833, 592.33 .
21,593, 936.66 .
8, 353.00
24,605, 665.37 .
2, 291.00
20,881, 493.683,000, 824.13
19,573, 703.725,000, 324.00
20,232, 427.94 .
20,540, 666.26 24,381, 212.79.
5,000,000.00
26,840: 858.02.
5,000,000.00
25,260; 434.21 .
22,966, 363.96 .
24,763, 629.23 .
24,827, 627.38.
24,844, 116.51 28,526: 820.8231,867 450.66
$1,889.iO
33,948, 426.25 .
21,79i; 935.551.
35,430, 087.10!.
50,826, 7 9 6 . 0 8 .
989.15
27,947, 142.19
63,! 1.35
820.86
39,019, 382.60!.
276.21
35, 340, 025.82'1,458,782.93
547.51
25,069, 662.84
37,469.25
317.38
30,519: 477. 65
735.
34,784, 932. 891 11,188.00
708.361
20,782, 410.45
181. 35
31,198, -555. 73
29, 970, 105.80
28,251.90
29,699, 967.74
55,368, 168.52
30,000.00
', 872, 399.45
56,992, 479.21
,256, 700.00
59,796, 892.98!
;, 588, 750.00
47,649,
, 045, 950.00
52, 762, 704.25
203, 400.00
49,893, 115.60
46, 300.00
16, 350.00
61,603, 404.18 103,301.37
73,802, 343.07
001.67
65,351, 374.68
800. OOl
74,056, 899.24
200.00
68, 969, 212.67
900.00
70,372, 665.96!
300.00
Sl,773, 965. 64
500.00
800. ool 76,841, 407.83
83.371, 640.13
709.74
460.501 581,680, 121.59
11,110.81
361.57
6,000.01
889,379, 652.52
945.36
9,210.40
393,461, 017.57
740.85 ,805,939, 345.93l
6,095.11
$361,391.34
5, .1.02; 498.45
1,797,272.01
4,007,950.78
3,396,424.00
320,000.00
70,000.00
200,000.00
5,000,000.00
1,565,229.24

$4,800.00
42,800. 00

YEARS

92

REPORT ON T H E FINANCES.
TABLE

Balance in
the Treasury at
commencem e n t of y e a r .
1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906

Customs.

$33,933, 657.89 $179,046,651.58
160,817,099.73
176,417,810.88
198,076,437.09
158,936.082.87
183,781,985.76
177,604,116.51
138,019,122.15
134,666,001.85
159 293,673.41
178,833,339.54
172,804,061.32
149,909,377.21
214,887.645.88
286,691,453. 88
386,832.688.65
231,940,064.44
280,607,668.37
275,450,903.63
374,189,081.98
424,941,403.07
521,794,026.26
626,848,755.46
512,851,434.36
659,449,099.94
673,399,118.18
691,527,403.76
726,222,332.""
778,604,339.28
738, 467,555.07
763: 565,540. 76
773: 610,^008.76
• 846:093, 349.62
864, 790,237. 71
775: 751,368.11
867 980,559.46
1,059,336,349.58
1,128,762,603.23
1,221,259.599.66
1,-310,006,031. 20
1,328,972,020.63
1,316,679,270.63




164,464,599.56
180,048,426.63
194,538,374.44
206,270,408.05
216, 370,
286.77
188,089,522.70
163,103,833.69
157,167,722.36
148,071,984. 61
130,956,493.07
130,170,680.20
137,250,047.70
186,522,064.60
198,159,676.02
220,410,730.26
214,706,496.93
195,067,489.76
181,471,939.34
192,905,023.44
217,286,'893.13
219,091,173.63
223,832,741.69
229, 668,
584.57
219,522,205.23
177,452,964.15
203,355,016.73
131,818,530. 62
152,158,617.45
160,021,751.67
176,554,126. 65
149,575,062.35
206,128,481.75
233,164,871.16
238,585,455.99
254,444,708.19
284,479,581.81
261,274,564.81
261,798,856.91
300,251,877.77
9,942,150,848.40

K.—STATEMENT

Internal revenue.

OF

THE

RECEIPTS

Direct tax.

$309,226,813.42 $1,974,754.12
266,027,537.43 4,-200,233.70
191 087,589.
158i 356,460.
184, 899,756.
143, 098,153.
130, 642,177.
113, 729,314.
102, 409, 784.
110, 007,493.
116, 700,732,
118, 630,407.
110, 581, 624.
113, 561,610.
124, 009, 373.
135, 264, 385.
146, 497,595.
144, 720,368.
121, 586,072.
112, 498,725.
116, 805,936.
118, 823,391.
124, 296,871.
130, 881,513.
142, 606,705.
145, 686,249.
153, 971,072.
161, 027,623.
147 111,232.
143: 421,672.
146, 762,864.
146: 688,574.
i7o: 900,641.
273, 437,16L
295: 327,926.
307 180,663.
27i: 880,122.
230: 810,124.
232: 904,119.
234: 095,740.
249, 150,212.

1,788,145.85
765,685.61
229,102, "
580,355. 37
315,254. 51
93,798.80

30.85
1,616.
160,141. 69
108,156.60
70,720.76
108,239.94
32,892.05
1,565.82

OP

THE

UNITED

;Pub]ic l a n d s . Miscellaneous.

$665,031.03 $29,036,314.23
1,163,575. 76 15,037,522.15
1,348, 715.41
4,020, 344.34
3,350, 481.76
2,388, 646.68
2,575, 714.19
2,882, 312.38
1,852, 428.93
1,413, 640.17
1,129, 466.95
976, 253.68
1,079, 743.37
924, 781.06
1,016, 506.60
2,201, 863.17
4, 753, 140.37
7,955,- 864.42
9,810, 705.01
5,705, 986.44
5,630, 999.34
9,254, 286.42
11,202, 017.23
8,038, 651.79
6, 358, 272.51
4,029, 535.41
3,261, 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
2,836, 882.98
2,965, 119.65
4,144, 122.78
8,926, 311.22
7,453, 479.72
4,859, 249.80
4,879, 833.65

17,745,403.69
13,997,338.65
12, 942,
118.30
22,093,541.21
15,106,051.23
17,161,270.05
32,575,043.32
15,431,915.31
24,070,602.31
30,437,487.42
15,614,728.
20,585,697.49
21, 978,
525. 01
25,154,850. 98
31,703,642.52
30,796,695.02
21, 984,
881.
24,014,055.06
20, 989,
527.86
26,005,814.84
24,674,446.10
24,297,151.44
24,447,419.74
23,374,457.23
20,251,871.94
18,254,898.34
17,118,618.52
16,706,438.48
19,186,060.54
23,614,422.81
83,602,501.94
34,716,730.11
35,911,170.99
38, 954,
098.12
32,009,280.14
36,180,657.20
38,999,685.42
43,520,837.29
40,172,197.34

7,276,430,650.98 28,131,990.32 330,583,072.21 1,190,070,671.88
a A m o u n t l i e r e t o f o r e c r e d i t e d to t h e T r e a s u r e r as

93

SEORETARY OP T H E TREASURY.
STATES PROM MARCH 4, 1789, TO J U N E 30, 1906, ETC.—Continued.

Dividends.

1866
1867

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

Net ordinary
receipts.

$519,949, 564. 38
462,846,679. 92

Unavailable.

^38,083,055. 68 $712,851,553.05 $1,270,884,173.11 $172,094.29
1
27,787,330.35 640,426, 910.29- 1,131,060,920.56 721,827.93
2,675,918.19

1868
1869
1870
:i871
1872
1873
1874
!l875
1876
,1877
11878
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
1905
1906

376, 434,
357, 188;
395, 959,
374, 431,
364, 694,
322, 177;
299, 941,
284, 020,
290, 066,
281, 000,
257, 446,
272, 322,
333, 526,
360, 782,
403, 525,
398, 287,
348, 519,
323, 690,
336, 439,
371, 403,
379, 266,
387, 050,
403, 080;
392, 612,
354, 937;
385, 819,
297, 722,
313, 390,
326, 976,
347, 721,
405, 321,
515, 960:
567, 240;
687, 685,
562, 478,
560, 396,
540, 631
544, 274
594, 454

82!
09!
87
94
91
781
84

41
7o;
00
40
83
98
57
28
95
92
38
06
66
76;.
84; .
63'.
31;.
24;.
78;.
25 .
11 .
38 .
16' 20;18 .
89 53 21 .
40 40 .
85.
67 -

625, 111,433.20 1,
238,678, 081.06
285,474, 496.00
268,768, 523.47
305,047, 054.00
214,931, 017.00
439,272, 635.46
387,971, 556.00
397,455, 808.00
348,871, 749.00
404,581, 201. 00
792,807, 643.00 1,
211,814, 103.00
113,750, 534.00
120,945, 724.00
555,942, 564.00
206,877, 886.00
245,196, 303.00
116,314, 850.00
154,440, 900.00
285,016, 650.00
245,111, 350.00
245,293, 650.00
373,208, 857.75
381,463, 512.00
347,051, 586.00
8, 633,295.71 417,651, 223.50
11,339,344.621 395,787, 205. 50,
11,166,246.41 482,710, 363.50, '
389,930, 220.00
333,227, 920.00
522,490, 720.00 1,
510,658, 056. ooj 1,
218,978, 610. OOi
89,259, 910.00
1,484,048.00 147,441, 230.00
455,336.00 113,720, 100.00
23,292, 150.00
530,324.00 117,850, 887.00

29,203, 629.50|
13, 755,491.121
15,295, 643.76
8,892, 839.95
9,412, 637.65
11,560, 530.89
5,037, 665.22
3,979, 279. 69
4,029,280.58
405, 776.58
317, 102. 30
1,505,047.63
110.00

),720,136.29|18,777,087,270.08 $485,224.45|237,867,815.57|l7,750,806,670.09|

unavailable and since recovered and charged to his account.




749,516.
621,828.
729,973.
092,468.
153,921.
669,221.
251,291.
971,607.
551,673.
278,167.
345, 079.
634,827.
340,713.
532,826.
470, 974.
230,145,
397,755.
887,009.
754,577.
844,177.
282,724
161,408.
374,632.
821,305.
401,296.
871,214.
006,538.
516, 625.
852,810.
651,925.
549,255.
451, 340.
798,907
663,947.
738,143,
321, 952.
807,185.
566,834,
835,332.

a 2,070.73
a 3 , 396.18
a 18,228.35
a 3,047.80
12,691.40

a 1,500. 00
47,097.65
7,997.64

" "a 73i.*ii

36,766,246,980.19|2,714,730.71

94

REPORT ON T H E

TABLE L.—STATEMENT OF

Year.

1791..
1792..
1793..
1794..
1795..
1796..
1797-.
1798..
1799..
1800..
1801..
1802..
1803..
1804..
1805..
1806..
1807..
1808..
1809..
1810..
1811..
1812..
1813..
1814..
1815..
1816..
1817..
1818..
1819..
1820..
1821..
1822..
1823..
1824.1825..
• 1826..
1827..
1828..
1829..
1830. .
1831-.
1832.1833..
1834..
1835..
1836..
1837..
1838..
1839..
1840..
1841..
1842..
1843 a
1844..
1845..
1846.1847-.
1848..
1849..
1850..
1851..
1852..
1853..
1854..
1855-1856..
• 1857..
1858-.
1859.1860..
1861.1862-1863..
1864..

War.

EXPENDITURES OF THE

Navy.

• $632, 804.03
1,100, 702.09
1,130, 24.9.08
2,639, 097.59
$61, 408. 97
2,480, 910.13
410, 562.03
1,260, 263.84
274;784.04
1,039, 402.46
382, 631.89
2,009, 622.30
1,381 347.76
2,466, 946. 9
2,858: 081.84
2,560, 878. 7
3,448,
,716.03
1,672, 944.OS
2,111, 424.00
1,179, 148.25
915 561.87
822, 055.85
1,215: 230.53
875, 423.93
1,189: 832.75
712, 781.28
1,597: 500.00
1,224. 355. 38
1,649: 641.44
1,288, 685.91
1,722 , 064.47
2, 900, 834.40
1
067.80
3,345, 772.17
2;427; 758,
2,294, 323.94 .1,654, 244.20
2,032, 828.19
1,965, 566.39
3,959, 365.15
11,817, 798.24
6,446, 600.10
19,652, 013.02
7,311, 290. 60
20,350, 806.
8,660, 000.25
14,794, 294.22
3,908, 278,
16,012, 096.
8,004, 236. 53 -3,314, 598.49
2,953, 695.00
5,622, 715.10
3,847, 640.42
6,506, 300.37
4,387, 990.00
2,630, 392.31
3,319, 243.06
4,461, 291.78
2,224, 458.98
3, 111, 981. 48
2,503, 765.83
3,096, 924.43
2,904, 581.66
3, 340, 939.85
3,049, 083.86
3,659, 914.18
4,218, 902.45
3,943, 194.37
4,263, 877.45
3,948, 977.
3,918, 786.44
4,145, 544.56
3,308, 745.47
4,724, 291.07
3,239, 428.63
4,767, 128.88
3,856, 183.07
4,841, 835.55
3,956, 370.29
5,446, 034
3,901, 356.75
6, 704, 019.10
3,956, 260.42
5,696, 189. 38
• 3,864,939.06
5, 759, 156.
11,747,. 345.25 • 6,807,718.23
6,646, 914.53
13,682, 730.80
6,131, 580.53
12,897, 224.16
6,182, 294.25
8,916, 995.
6,113, 896,
7,095, 267.23
6,001, 076. 97
8,801, 610.24
8,397, 242.95
6,610, 438.02
3,727, 711.53
2,908, 671.95
6,498, 199.11
. 5,218, 183.66
6,297, 177.89
5,746, 291.28
10, 413, 370. 58 • 6,455,013.92
35,840, 030. 33
7,900, 635. 76
27,688, 334.21 - 9,408,476. 02
14,.558, 473.26
9,786, 705.92
9,687, 024.58
7,904, 724.66
12,161, 965.11
8,880, 581,
8,521, 506.19
8,918, 842.10
9,910, 498.49
11,067, 789.53
11,722, 282.87
10,790, 096.32
14, 648, 074.07
13,327, 095.11
16,963, 160.51
14,074, 834. 64
19,159, 150.87
12,651, 694.61
25,679, 121. 63 14,053, 264.64
23,154, 720.53
14,690, 927. 90
16,472, 202.72
11,514, 649.83
23,001, 530. 67 12,387, 156. 52
389,173, 562.29
42,640, 353.09
603,314, 411.82
63,261 235.31
690,391, 048,, 66 85,704 963. 74




FINANCES.
UNITED STATES FROM MARCH 4,
JUNE 30) FROM

Indians.

•Pensions.

Miscellaneous.

$175,813.88
$1,083 , 971.61
$27,000.00
109,243.15
4, 672,664. 38
13, 648.85
80,087.81
611 451.01
27,282.83
,350.74
• 81,399.24
750:
13,042.46
68,673.22
1,378: 920.66
23,475.68
100,843. 71
801: 847.58
113,563.98
92,256.97
1,259: 422. 62
62,396.58
104,845. 33
1,139: 524.94
16,470. 09
,391,
1,039:
95,444. 03
20,302.19
1,337: 613. 22
64,130.73
31.22
1,114, 768.45
73,633.37
9,000.00
1,462: 929.40
85,440. 39
94,000.00
1,842. 635.76
62,902.10
60, 000.00
2,19i: 009.43
80,092, ' •
116,500.00
3, 768:598.75
81,854.59
196,500.00
2,890, 137.01
81,875. 53
234,200. 00
1,697, 897.51
70,500. 00
205,425.00
1,423: 285.61
82,576.04
213,575.00
1,215; 803.79
337,503.84
87,833. 54
1,101, 144.98
' 177,625.00
83,744.16
1,367, 291.40
75,043.88
151,875.00
1,683, 088.21
91,402.10
277.845.00
86,989.91
1, 729:435.61
167,358.28
2,208; 029.70
167, 394.86
90,164.
2,898, 870.47
' 530,750.00
69, 656.06
2,989, 741.17
274,512.16
188,804.15
3,518; 936. 76
319,463.71
297, 374.43
3,835;•839. 51
505,704.27
890,719.90
3,067, 211.41
463,181. 39
2,415,939,
2,592, 021.94
315.750.01
3,208,376.31
2,223, 121.54
477,005.44
242,817.25
1,967, 996.24
575,007.41
1,948,199.40
2,022, 093.99
380.781.82
1,780,588.52
7,155, 308.81
429,987.90 • 1,499,326.59
724,106.44
1,308,810.57 ^ 2,748, 544.89
2, 600,177. 79
743.447.83
1,556,593.83
2,713, 476.'58
750,624. _.
976,138,
3,676, 052.64
705,084.24
850,573.57
3,082, 234.65
576,344.74
949, .594.47
3,237, 416.04
622,262.47
1,363,297.31
3,064, 646.10
930,738.04
1,170,665.14
4,577, 141.45
1,352,419.75
1,184,422.40
5,716, 245. 93
1,802,980.93
4,589,152.40
4,404, 728.95
1,003,953.20
3,364,285.30
4,229, 698.53
1,706,444.48
1,954,711.32
5,393, 279.72
5,037,022
2,882,797.96
9,893, 370.27
4,348,036.19
2,672,162.45
7,160, 664.76
5,504,191.34
2,156,057.^29
6,725, 990,
2,528,917.28
3,142, 750.51
5,995, 398: 96
2.331.794.86
2,603,562.17
6,490, 881.45
2, 514,837.12
2,388,434.51
6,775, 624.61
1,199,099.68
1,378,931.33
3,202, 713.00
578,371.00
839,041.12
5,645, 183.
1,256,532.39
2, 032,008.99
5,911 760.
1,539,351.35
2,400, 788.11
6,711 283.89
1,027,693 "•
1,811,097.56
6,885; 608.35
1,430.411. _.
1,744,883.63
5,650,'851.25
1,2521296.81
1,227,496.48
1,374,16L55
12,885, 334.24
1,328,867.64
1,663,591.47
16,043, 763.36
1,866,886.02
2,829,801.77
17,888, 992.18
2,293,377.22
3,043,576.04
17,504, 171.45
2,401,858.78
3,880,494.12
17,463, 068.01
1,756,306.20
1,650,339.55
26,672, 144.68
l,-232,665.00
2,772,990.78
24,090, 425.43
1,477,612.33
2,644,263.97
31,794, 038.87
1,296,229.65
4.354.418.87
28,565, 498.77
1,310,380.58
4,978,266.18
26,400, 016.42
1,219,768.
3,490,534.63
23,797, 544.40
1,222,222. 71
2,991,121.54
27,977, 978.30
1,100,802.32
2,865,481.17
23,327, 287.69
1,034,599.73
2,327,948.37
21,385, 862. 59
852,170.47
3,152,032. 70
23,198, 382.37
1,078,513.36
2,629,975. 97
27,572, 216.87
4,985,473,90
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, 1906,
THAT T I M E .

BY CALENDAR YEARS TO 1843

Year. Net ordinary ex- Premiums.
penditures.

1791
$1
1792
5,
1793
1
1794
3,
1795
4,
1796
2;
1797
2,
1798
4,
1799
6,
1800
7,
1801
4,
1802
3,
, 4
1803
4:
1804
1805
6;
1806
6
4:
1807
e:
1808
1809
7:
1810
5:
1811
5;
1812
17,
1813
28,
1814
30,
1815
26,
1816
23
1817
16:
1818
13
1819
16
1820
13;
1821
10,
1822
9,
1823
9,
1824
15,
1825
11
1326
13
1827
12,
1828
13,
1829
12,
1830
13;
1831
13,
1832
16,
1833
22,
1834
is;
1835
17,
1836
30;
1837
37,
33;
1838
26,
1839
24,
1840
26,
1841
24:
1842
11
1843a|
20:
1844
21:
1845
26:
1846
53:
1847
45:
1848
39:
1849
37:
1850
44:
1851
40,
1852
44,
1863
51
1854
66:
1855
66:
1856
66:
1857
72:
1858
66:
1869
60:
1860
62:
1861
4.56:
1862
694,
1863
1864
811

589. 52|
258.47
070. 73|
299.00
541.92
303:15
110.52
710.42
166.72
369.97
669.90
079.91
824.24
858.91
234. 62
209. 36|
572,
338.85!
672.14
082.28
604.86
498.70
396.92
686. 38
571.00
432.58
609.92
673.78
273. 44
530.57
479.07
643.51
154.59
144.71
459.94
316.27
095.65
041.45
210.40
533. 33
067.90
388.77
755.11
417.26!
950. 281
164.04
214.24!
718.08
948. 731
920.11
840.29I
336.59
508. 601
108.01
369. 61
$18,231.43
459.59!
569.37|
454. 77
542.61
82,8.65.81
990.09|
717.66
69,713.19
954.56
170,063.42
156.36
420,498.64
528.42 2,877,818.69
197.72
872,047.39
527.64
385,372.90
363,572.39
143.70
574,443.08
437.171
960.07
754.71
055.78|
896.81
.575. 56|
679.14

January 1 to June 30, 1843.




Interest.

$1,177, 863,
2,373, 611.281
2,097, 859.17
2,752, 523.04
2,947, 059.06|
3,239, 347,
3,172, 516.73|
2,955, 875.90|
2,815, 651.41
3,402, 601.041
4,411, 830.06
.4,239, 172.16
3,949, 462.361
4,185, 048.74
2,657, 114.221
3.368, 968.26
3.369, 578.48
2,557, 074.231
2,866, 074.90|
3.163, 671.09
2,585, 435.571
2,451, 272.57
3,599, 455.22|
4,593, 239.04
5,990, 090.24
7,822, 923.34
4,536, 282.55
6,209, 954.03
5,211, 730.56
5,151, 004.32
6.126, 073.79
5,172, 788.79
4,922, 475:40
4,943, 557.93
4,366, 757.40
3,975, 542.95
3,486, 071.51
3,098, 800.60|
2,542, 843.23
1,912, 574.93!
1;373, 748.74
772, 561.50
303, 796.87^
202, 152.981
57,

9.5

AND BY FISCAL YEARS (ENDED

Public debt.

984.23
693, 050.25!
2,633, 048.07
2, 743, 771.131
2,841, 639.37
2,577, 126.01
2,617, 250.12|
976, 032.09]
1,706, 578.84
1,138, .563.11
2,879, 876.98!
5,294, 235.24
3,306, 697.071
3,977, 206.07
4,583: 960.631
6,572, 018.64
2,938 141.62
7,701, 288.96
3,586: 479.26
4,835: 241.12
5,414: 564.43
1,998, 349.88
7, 508: 668.22
3,307: 304.90
6,638, 832.11
17,048; 139.591
20,886, 753.57
15,086, 247.59|
2,492: 195. 73
3,477, 489. 96
3,241, 019.83
2,676: 160.33|
607, 541.01
11,624 835.831
7,728, 687.38|
7,065, 539.24
6,517: 596.88
9,064: 637.47
9,86O: 304.77|
9,443: 173.29
14,800: 629.48
17,067, 747.79
1,239, 746.51
5,974, 412.21
328.20

21 822.91
14, 996.48
5,590, 723.79
399, 833.891 10,718, 153.53
174, 598.
3,912, 015.62
284, 977.551
5,315, 12.19
7,801, 990.09
773, 649.85|
338, 012.64
523, 683.91
1,833, 452.131 11,158, 450.71j
7,536, 349.49
1,040, 458.18
371, 100.04
842, 723.27'
5,600, 067.65
1,119, 214.72|
1 3 , " " 922.54
2,390, 765.88
12,8O4; 478.54
3,565, 536.78
3,656, 335.14
3,782, 393,
654, 912.71
3,696, 760.76|
2,152, 293.05
4,000, 297.
6,412, 574.01
3,'665, 832.74
17,556, 896.95|
3,070, 926.69|
6,662, 065,
2,314, 464.99|
3,614, 618.661
1,953, 822.37
3,276, 606.05
1,593, 265.23|
7,505, 250.82
1,652, 056.67
2,637, 649.701 14,685, 043.15
13,854, 250.001
3,144, 120. 94
4,034, 157. 30| 18,737, 100.00
96,097, 322. 09
13,190, 344.84
24,729, 700.62| 181,081, 635.07
53,685, 421.69l 430,572, 014.031

Gross expenditures.

Balance in
Treasury at^
the end of
the year.

797,436.78
962,920.00
479,977.97
041,593.17
151,240.15j
367,776.84l
625,877.37
583,618.41
002,396.97
952,534.12
273,376.94
270,4"87. 31
258, 983.67
615,113. 72
598,309.47
021,196.26
292,292.%
762,702.04
867,226.31
309,994.4
.592, 604.86
279,121.15!
190.520.36
028,230.32
582, 493.35|
244.495.51
40, 877, 646.04
35: 104,875. 401
24: 004,199.73
21: 763, 024.85|
19, 090,572,
17: 676,592. 63|
15, 314,171.00|
31: 898,538.47
23: 585,804.72|
24,103,398.46
22: 656,764.04
25, 459.479.52
25, 044,358.40
24, 585.281.55
30: 038,446.12
34 3.56,698, •
24 257,298.49|
24 601,982.44l
17: 673.141.56
30, 868,164.04
37, 265,037.15
39, 455,438.35
37, 614,936.15
28: 226,533.81
31 797,530.03
. 32936.876.53
12 118,105.15
33 642,010.85
30, 490,408.71
27 632,282.90
6O; 520,851.74
60, 655,143.19
56, 386.422.74
44, 604,718.26
48, 476,104.31
46, 712,608.831
64, 577,061.741
75, 473.170.75
66, 164,775. 96
72, 726,341. .57
71' 274.587.37
82; 062,186.74
83 678,642.92
77 055,125.651
85, 387,313.08
565, 667,563.74
899, 816,911.25!
1,295, 641,114,'

$973, 905.76
783: 444.61
753: 661.69
1, i5i: 924.17
516: 442. 61
888: 995.42
1,021: 899.04
617: 451.43
2,i6i: 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
3,848,056.78
2,672 276.57
3,502; 305.80
3,862,217.41
5,196,542.00
1,727 848.63
13,106,592.88
22,033,519.19
14,989,465.48*
1,478,526.74
2,079,992.38 .
1,198,461.21
1,681 592.24
4,237 427:55
9,463 922.81
1,946;597.13
6,201 650.43
6,358 686.18
6,668;286.10
5,972,435.81
5.755,704.79
6;014,539.75
4,502,914.45
2,011 777.55
11, 702: 905.31
8,892;858.42
26,749,803.96
46,708, 436.00
37,327' 252.69
36,89i: 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
38,26i: 959.65
33,079 276.43
29,416: 612.46
32,827, 082.69
35,871: 753.31
40,158 353.25
43, 338: 860.02
50,26i: 901.09
48,591: 073.41
47,777: 672.13
49,108;229.80
46,802 855.00
35,113;334.22
33,193 248.60
32,979; 530.78
30,963 857.83
46,955;304.87
36, .523,046.13
134,433,738.44

96

REPORT ON T H E FINANCES.
TABLE L.—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
283,154, 676.06
43,285,662.00

1865.
1866.

5,059, 360.71
3,295,729. 32

$16,347,621.34
15,605,549. ~~

$42,989,383.10
40,613,114.17

717,551,816.39
a77,992.17

103,369,211.42
a53,286.61

119,607,656.01
'a9,737.87

643,604,554.33
a718,769.52

717,629,
56 103,422,
4,642, 531
31,034, Oil.04
4,100, 682.32
25,775, 502. 72
7,042, 923.06
20,000, 757.97
3,407, 938.15
21, 780, 229.87
7,426, 997.44
19, 431, 027.21
7,061, 728.82
21,249, 809.99
7,951, 704.88
23,526, 256.79
6,692, 462.09
30,932, 687.42
8,384, 656.82
21,497, 626.27
18,963, 309.82
5, 966, 558.17
14,959, 935.36
5,277, 007.22
17,365, 301.37
4,629, 280.28
15,125, 126.
6,206, 109.08
13,536, 984.74
5,945, 457.09
15,686, 671.66
6,514, 161,
15,032, 046.26
9, 736, 747.40
15,283 437.17
7,362, 590.34
17,292, 601.44
6,475, 999.29
16,021 079.67
6,552, 494.63
13,907 887.74
6,099, 158.17
15,141 126.80
6,194, 522,
16,926, 437. 65
6, 249, 307.87
21,378, 809.31
6,892, 207.78
22,006, 206.24
6,708, 046.67
26,113, 896.46
8,527, 469.01
29,174; 138.
11,150, 577.67
30,136, 084.43
13, 345, 347.27
31,701, 293.79
10,293, 481.52
28, 797, 795.
9,939, 754. 21
27,147, 732.38
12,165, 528.28
34,561, 546.29
13,016, 802.46
58,823, 984.80
10,994, 667.70
63,942, 104. 25
12,805, 711.14
55,953, 077.72
10,175, 106.76
60,506, 978.47 • 10,896, 073.35
67,803, 128.24
10,049, 584.86
82,618, 034.18
12,935, 168. 08
102,956, 101.55
1.0,438, 350.09
117,550, 308.18
14,236, 073.71
110,474, 264.40
12,746, 859.08

119,617, 393.
20, 936, 551.71
23,782, 386.78
28,476, 621.78
28,340, 202.17
34,443, 894.88
28,533, 402.76
29,359, 426,
29,038, 414.66
29, 456, 216.22
28,257, 395.69
27,963, 752.27
27,137, 019. 08
35,121, 482.39
56,777, 174.44
50,059, 279.62
61,345, 193.95
66,012, 573.64
55,429, 228.06
56,102, 267.49
63,404, 864.03
75,029, 101.79
'80,288, 508.77
87,624, 779.11
106,935, 855.07
124,415, 951.40
134,583, 052.79
159,357, 657
141,177, 284.96
141,395, 228,
139,434, 000.98
141,053, 164.63
147,452, 368.61
139,394, 929.07
140,877, 316.02
139, 323, 621.99
138,488, 559.73
138,425, 646.07
142,559, 266.36
141,773, 964. 57
141,034, 561. 77

644,323, 323.85
51,110, 223.72
53,009, 867. 67
56,474, 061.53
53,237, 461.56
60,481, 916.23
60,984, 757.42
73,328, 110. 06
85,141, 593.61
71,070, 702. 98
73,599, 661. 04
58, 926, 532.53
58,177, 703.57
63,741, 555.49
54,713, 529. 76
64,416, 324. 71
57,219, 750.
68,678, 022.21
70, 920, 433.70
87,494, 258.
74,166, 929.85
85,264, 825.59
72,952, 260.80
80,664, 064.26
81,403, 256.49
110,048, 167.49
99,841, 988. 61
1.03,732, 799.27
101,943, 884.07
93, 279, 730.14
87,216, 234.62
90,401, 267.82
96,520, 505.17
.119,191, 2.55.90
105,77-3, 190.16
122,282, 003.10
113,469, 323.91
124,944, 289. 74
186,766, 702.92
146,952, 548.65
162,273, 845.17

3,568,638,312.28
a3,621,780.07
3,572,260, 092.35
95,224, 415.63
123,246, 648.62
78,501, 990.61
57,655, 675.40
35, 799, 991. 82
.
35,372, 157.20
46, 323, 138.31
42,313, 927.22
41 120. 645. 98
S8.070, 888.64
37,082, 735.90
32,154, 147.85
40,425, 660.73
38,116, 916. 22
40,466, 460. 55
43,570, 494.19
48,911, 382.93
39,429, 603,
42,670, 578.47
34,324, 152.74
38,561, 025.85
38,522, 436.11
44,435, 270. 85
. 44,582, 838.08
48,720, 065.01
46,895, 456.30
49,641, 773.47
54,567, 929.85
51,804, 759.13
50,830, 920.89
48,950, 267,
91,992, 000.29
229,841, 254.47
134,774, 767.78
144,615, 697.20
112,272, 216.08
118,619, 520.16
115,035, 410.58
122,175, 074.24
117,946, 692.37

1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1.878
1879
1880
1881
1882
1883
1884
1885:
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
Total

6,267,827,081.31 2,109,745,049.76

439,660,320.34 3,500,220,462. 79 4,123,138,864.73
a Outstanding

N O T E . — T h i s s t a t e m e n t is m a d e from w a r r a n t s p a i d b y t h e T r e a s u r e r u p t o J u n e 30, 1866. T h e




97

SECEETARY OF T H E TREASURY.
STATES FROM MARCH 4, 1789, TO J U N E 30, 1906,

Year.

N e t o r d i n a r y expenditures.

Interest.

1865 $1,217,704,199.28 $1,717,900.11
58,476. 51
385,954,731.43
1866
5,152,771,550.43
a 4,481,566.24
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906

7,611,003.50

5,157, 253,116. 67|
202 947, 733.
229 915,088. l l !
190; 496,354.95
164, 421,507.15
157: 583,827.58
153: 201.856.19
180; 488,636.90
194, 118,985.00|
171, 529,848.27
164, 857,813.36|
144, 209,963. 28
134, 463,452.15
161, 619,934.53l
1.69, 090,062. 25|
177, 142,897.631
186, 904,232. 7.
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, 995,131.31
261, 637,202.551
317, 825,549.37
321, 645,214.35|
356, 213,562.31
339, 683,874.191
325, 217,268.
316. 794,417.15|
327, 983,049.09|
405, 783,526.57
665, 175,254.831
447, 553,458. 44|
477, 624,374.11
442, 082,812.821
477, 542, 6.58. 22
557, 755,831.501
542, 687,969.35
544, 476,222.79

7,611,003.56
10,813,349.38
7,001,151.04
1,674,680.051
15,996,555. 60
9,016,794. 74
6,958,266.76
5,105,919.99
1,395,073. 55

ETC.—Continued.

Public debt.

Gross e x p e n d i tures.

Balance in
Treasury^t
t h e e n d of
the year.

$77,395,090.30 $609,616,141.68 )1,906,433,331.3' $33,933,657.89
133,067,624.91 620,263,249.10 1,139,344,081.951 165,301,654.76
502,689,519. 27 2,374,677,103.12 3,037,749,176.38!
a 2,888.481
a 100.31
a 4,484,555.031 a 4,484,555.03

502,692, 407.75
143,781, 591.91]
140,424, 045. 71
130,694, 242.80|
129,235, 498.00
125,576, 565.93
117,3,57, 839.72|
104,750, 688.44
107,119, 815.211
103,093, 544.57
100,243. 271.23
97,124, 511.58
102. 500, 874.65
105,327, 949. ool
2,795,320.42
95,757, 575. Ill
1,061,248.7.
82,508, 741.18
71,077, 206.79
59,160, 131.25l
54,578, 378.48|
51,386, 256.471
50,580, 145. 97^
47,741, 577.251
8,270,842.46
44,715, 007.47
17,292,362.65
41,001, 484.29
20, 304,224.06| 36,099, 284.051
10,401,220.61
37,547, 135.37
23,378, 116.231
27,264, 392.18'
27,841, 405.64
30,978; 030.21
35,385, 028. 93
37,791; 110.48|
37,585, 056.23
39,896, 925.02
33,147,054.81
40,160, 333.2*
14,649,572.95| 32,342, 979.04
14,043, 391.14
29,108, 044.82]
10,907,119.82| 28, 556, 348.82
1,257,578.01
24,646, 489.81
24,590, 944.10
24,308, 576.27
1,417,479.53

,374,677, 203.43
735,536, 980. Ill
692,549, 685,
261,912, 718.3ll
393, 254,282.13!
399, .503,670. 65|
405,007, 307.54!
233,699, 352. 53
422,065, 060.23
407,377, 492.48|
449,345, 272,
323,965, 424.05l
353,676, 944,
699,445, 809.16!
432,590, 280.41
165,152, 335.05|
271,646, 299. 55
590,083, 829.96
260,520, 690.50
211,760, 353.43
205,216, 709.36
271,901, 321.15
249,760, 258.05
318,922, 412.35
312,206 367.50
365, 352:470.87|
338,995; 958.
389,530, 044.501
331,383; 272.95
354,276 858.93
396,190, 023. 35
353,180, 877.50
384,219: 542.00
341,149: 968.98
365,582; 271.25
212,620, 767.78
74,006; 898.00
103,569 394.00
52,181: 296.75
12,68O: 671.30|
55,304: 111,

8,042, 233,731.
1,093, 079,655.
1,069, 889,970.
584, 777,996.
702, 907,842.
691, OSO, 858.
682, 525.270.
524, 044,597.
724, 698,933.
682, 000,885.
714, 446,357.
565, 299,898.
590, 641.271.
966, 393,6V)2.
• 700,233,238.
425, 865,222.
529, 627,739.
855, 491,967.
504, 646. 934.
471, 987; 288.
447, 699,847.
539, 833,501.
517, 685,059.
618, 211,390.
630, 247,078.
731, 126,376.
684, 019,289.
773, 007,998.
698, 908,552.
710, 472,157.
748, 369.469.
718, 955,037.
827, 588,124.
946, 222,148.
886, 443,117.
737, 237,693.
559, 241,146.
620, 575,520.
635, 841,196.
579, 959, 584.
625, 506,390.

160, 817,099.73
198, 076,537.09
158, 936, 082.87
183, 781, 985. 76
177, 604,116.51
138, 019,122.15
134, 666,001.85
159, 293,673.41
178, 833,339.54
172, 804,061.32
149, 909,377.21
214, 887,645.88
286, 591,453.88
386, 832,588.65
231, 940,064.44
280, 607,668.37
275, 450,903.63
374, 189,081. 98
424, 941,403.07
521, 794,026.26
526, 848,755.46
512, 851,434.36
659, 449, 099.94 ,
673, 399,118.18
691, 527,403.76
726, 222,332.60
778, 604,339.28
738, 467,555.07
763, 565.549.75
773, 610.008.76
846, 093,349.62
864, 790,237.71
776, 751,368.11
867, 980,559.46
1,069,336,349.58
1,128:762,603.23
1,221,
,259,599.66
1,31.0,
,006,031. 20
1,328,
1,972,020. 53
1,316,
,579,270.63
1,' ^ ,908,212. 91

16,440,591,784.93 201,120,209.91 3,145,909,551.23 15,572,002,490.60 1.5,359,624,036.57
warrants.
o u t s t a n d i n g w a r r a n t s a r e t h e n a d d e d , a n d t h e s t a t e m e n t i s b y w a r r a n t s issued from t h a t d a t e .




98

REPORT ON T H E FINANCES.

TABLE M.—STATEIMENT OF THE COIN AND PAPER CIRCULATION OP THE UNITED
STATES PROM 1860 TO 1906,
INCLUSIVE, WITH AMOUNT OF CIRCULATION PER
CAPITA.

Year.

Coin, i n c l u d - U n i t e d S t a t e s
ing bullion in
Total money.
notes a n d
Treasury.
banknotes.

I860.--.
$235,000,000 $207,102,477
1861..-.
250,000,000
202,005, 767
1862....
26,000, 000
333, '452,079
1863.--.
25,000,000
649,867,283
1864.-..
. 25,000,000
680,588,067
1865....
25,000,000
74.5,129,755
1866....
25,000, 000
729,327,254
1867-..25,000,000
703,200, 612
1868-...
25,000, 000
691,553,578
1869..-.
25,000,000
690,351,180
1870.--.
25,000,000
697,868,461
1871---25,000,000
716,812,174
1872-..25,000,000
737,721,565
1873--.'.
25,000,000
749,445,610
1874-.-.
25,000,000
781,024, 781
1875....
25,000,000
773,273,-609
1876.--.
62,418,734
738,264,550
1877--..
65,837,506
697,216,341
1878.--102,047,907
687,743,069
1879..-.
357,268,178
676, 372, 713
1880..-.
494,363,884
691,186,443
1881....
647,868,682
701,723, 691
1882....
703,974,839
705,423,050
1883....
769,740,048
702,754,297
1884....
801,068,939
686,180,899
1885....
872,175,823
665,257,727
1886....
903,027,304
658,380,470
1 8 8 7 . . . . 1,007,513,901
625,898,804
1888.--- . 1,092,391,690
599,049, 337
1 8 8 9 . . . . 1,100,612,434
558,059,979
1 8 9 0 . . . . 1,152,471,638
532,651,791
1891--..
1,112,956,637
564,837,407
1892---- 1,131,142,260
621,076,937
1 8 9 3 . . . . 1,066,223,357
672,585,115
1894---. 1,098,958,741
706,120,220
1895---. 1,114,899,106
704,460,461
1 8 9 6 - . . . 1,097,610,190
702,364,843
1897--:. 1,213,780,289
692,216,330
1 8 9 8 . . . . 1,397,785,969
675,788,473
1 8 9 9 . . . - 1,508,643,738
681,550,167
1 9 0 0 . . . . 1,607,352,213
732,348,460
1901---. 1,734,861,774
748,206,203
1 9 0 2 . - . . 1,829,913,551
733,353,107
1 9 0 3 . . . . 1,905,116,321
779,594, 666
1 9 0 4 . . . . 1,994,610,024
808,894,111
1905.-.- 2,031,296,042
851,813,822
1906.--. 2,154,797,215
915,179,376

$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
72^2,868,461 „
• 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, 359,557
1,799,975,033.
1,905,996,619
2,073,574,442
2,190,093, 905
2,339, 700,673
2,483,067,977
2, 563,266,658
2,684, 710,987.
2,803,504,135
2,883,109,864
3,069, 976,591

Coin, b u l l i o n .
and paper
m o n e y 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
26,923,169
24,412,016
22,563,801
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
316,873,662
319,270,157
278,31.0,764
255,872,159
180, 353,337
150,872,010
142,107,227
144,270,253
217,391,084
293,540, 067
2657787,100
235,714,547
286,022,024
284,549, 675
307,760,015
313,876,107
317,018,818
284,361,275
295,227,211
333,329,963

$435,407,262
448,405, 767
334,697,744
595,394,038
669,6'41,478
714,702,995
673,488,244
661,992,069
680,103,661
664,452,891
676,212,794
715,889,005
738,309,549
751,881,809
776,083,031
764,101,947
727,609,388
722,314, 883
729,132,634
818,631,793
973,382,228
1,114,238,119
1,174,290,419
1,230, 305,696
1,243,925,969
1,292,568,615
1,252,700,525
1,317,539,143
1,372,170,870
1,380,361,649
1,429,251,270
1,497,440,707
1, 601,347,187
1,596,701,245
1,660,808,708
1,601,968,473
1,506,434,966
1,640,209,519
1,837,859,895
1,904,071,881
2,055,150,998
2,175,307,962
2,249, 390,651
2,367,692,169
2,51.9,142, 860
2,587,882, 653
2, 736,646,628

Popula- •

Circulation
per
capita.

31,443,321
$13.85
32,064,000
13.98
32,704,00010.23
33,365,000
17.84
34,046,000
19.67
34, 748,000
20..57
35,469,000
18. 99
36,211,000
18.28
36,973,000
18.39
37,756,000
17.60
38,658,371
17.51
39,555,000
18.10
40,596,000
18.19
41,677,000
18.04
42,796,000
18.13
43,951,000
17.16
45,137,000
16.12
46,353,000
15.58
47,598,000
15.32
48,866,000
16.75
50,155,783
19.41
51,316,000
21. 71
62,495,000
22.37
53,693,000
22.91
54,911,000
22.65
56,148,000
23.02
57,404,000 . 21 .-82
58,680,000
22.45
59,974,000
22.88
61,289,000
22.52
62,622,250
22.82
63,947,000
23.42
65,191,000
24. 56
66,456,000
24.03
67,740,000
24.52
69,043,000
23. 20
70,365,000
21.41
71,704,000
22.87
73,060,000
25.15
74,433,000
25. 68
76,295,220
26.94
77,754,000
27.98
79,117,000
28.43
80,487,000
29.42
81,867,000
30.77
83,260,000
31.08
84, 662,000
32.32

NOTE 1.—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 187.5, inclusive.
NOTE 2.—In 1876 subsidiary silver again came into use, and is included in this statement, beginning
with that year.
NOTE 3.—The coinage of standard silver dollars began in 1878, under the act of February 28,1878.
NOTE 4.—Specie payments were resumed January 1, 1879, and all gold and silver coins, as well as
gold and silver bullion in the Treasury, are included in this statement from and after that date.
NOTE 5.—For redeinption 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 t h e 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.




99

SECRETARY OP THB TREASUEY.

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, 1905, TO OCTOBER 31, 1906.

Title of loan.

Five-twenties of 1862 (act Feb. 25, 1862)
,
Five-twenties of 1865, consols of 1865 (act Mar.
3, 1865)
-.
Five-twenties of 1865, consols of 1867 (act Mar.
3, 1865)
•
,
Five-twenties of 1865, consols of 1868 (act Mar.
3, 1865)
Funded loan of 1891, i i per cent (acts July 14,
1870, and Jan. 20,1871)
Funded loan of 1891, continued at 2 per cent..
Loan of 1904, 6 per cent (act Jan. 14, 1875)
Gold- certificates, series of 1888 (act July 12,
1882)
Gold certificates, series of 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)
Panama Canal loan, 2 per cent (act June 28,
1902
,




Received for Received
transfer
for redempand
tion.
exchange.

Issued.

• $150

Total transactions.

$150

500

500

2,850

2,850

100

100

100
42,000
61,250

100
42,000
61,250

1,290,000
75,040,000
$92,679,350
9,490,420

4,843,600

39,842,200
18,544,900

10,669,750

1,290,000
$88,250,000
107,041,850
9,490,420

163,290,000
199,721,200
23,8-24,440

39,842,850
18,644,900

90,354,800
37,089,800

297,352,520

554,042,190

38,365,000
164,739, 370

TABLE 0.—STATEMENT OF CUSTOMS BUSINESS FOR THE FISCAL Y E A R ENDED J U N E 30,

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.

Alaska ( J u n e a u ) , Alaska
Albany, N . Y
A l b e m a r l e ( E l i z a b e t h C i t y ) , N. C
Alexandria, Va
Annapolis, Md
Apalachicola, Fla
A r i z o n a ( N o g a l e s ) , Ariz
Aroostook ( H o u l t o n ) , Me
Atlanta, Ga
B a l t i m o r e , Md
B a n g o r , 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
Boston andCharlestown(Bost6n)
Mass
Brazos d e S a n t i a g o ( B r o w n s v i l l e J
Tex
Bridgeton, N.J
Bristol a n d W a r r e n , R I
Brunswick, Ga
Buffalo C r e e k (Buffalo), N . Y
Burlington, Iowa
Burlington N J
Cairo, 111
Cape Vincent, N . Y
Castine Me
C h a m p l a i n ( P l a t t s b u r g ) , N . Y . - -.
Charleston S C
Chattanooga, Tenn
Cherrystone (Cape Charles City),
Va
C h i c a g o 111
Cincinnati Ohio
Columbus Ohio
Corpus Christi,Tex
C o u n c i l Blnffs, I o w a
Cuyahoga (Cleveland), Ohio




Foreign.

Coastwise.

330

402

Foreign.

256

DocuEntries ments
of m e r - i s s u e d
Coastt o vesw i s e . c h a n d i s e . sels.

388
•

2

383

47
66

22

17
38
66

41

2,057
33

5'

83i
20
7
21

7
47

6
7

2
62

10
10

1,635

1,177

1,464

1,405

843
5
15
16

-

1,588
29

1
4

i'

95
1,064

503
3,163

4'

2,353
1.070
2

4
4,413
1,646
244
13,601 ""i,'348'
145
19,540
411
64
161
62
228
78
161
81

Aggregate
receipts.

798.39
3,745.60

$85,997.46
286,272.27
10.00
980.42
4.50
1,263.44
66.805.39
41,790.42
43,707. 70
4,933,8.54. 01
305,333. 55
820. 44
47,335.82
125.00
1,293.08
4,045.64

$74,111.06
285,785. 63
967.87
838.72
62,906.97
37,359.20
39,162.20.
4,783,761.75
303,263.91
596. 57
' 47,060.30

Expenses.
Foreign.

$8,081
491

Domestic.

$1,369,317

91,732

237,060
7,225,048

123,931
94,147

109,801,115
1, 599,862
797

$65,672.53
14,769. 43
2,466.46
995. 60
917.84
3,522. 71
39,054. 50
19,205. 37
4,2.50. 23
278,822.93
22,868.94 '
3,733.06
6,075.66
1,373.53
3,300.90
3,159.52

35
10
3
2
2
4
30
15
2
188
18
7
6
2
4
6

$0.764
.052
246. 645
1.015
203. 964
2.788
.585
.460
.097
.057
.075
4.550
.128
10.988
2.553
.781

480
3,237

92

87,305
38-, 285

70,899

1,039

27,135,235.77

27,337,297.94

1,256,388

97,483,259

831,841.03

672

4,472.54
502 15

5,767.97
648.10

46,923

178,563

41,353.80
1,623.35

920,725

12,626,072
28,995,357

39,533.57
2,241.21
650,600.78
20, 655.13
27.70

6,258.18
728,637. 51
110.39
13.59
58.60
39,806. 23
2,278.22
655,711.43
21,796.35
34.88

5,910.57
46,854.75
540.20
230. 75
403.25
15,032.07
4,455.71
47,800.25
11,826.61
564.43

.944
.064
4.894
16.979
6.881
.378
1.956
.073
.543
16.182

488
1,523
10
1,625 "'i,"545'
19
88

i42

7,167

226

7,120

9.981,072.25
923,976.56
159,880.31
91,018,62
3,991.01
1,169,353.82

9,997,904.66
926,487.84
160,105.84
94,523.48
4,003.31
1,174,662.50

1,022.93
247,268.35
38,249.72
9,791.57
35,766.46
370.00
39,372.51

4
177
27
4
27
2
30

.025
.041
.061
.378
.092
.034

1,213

7,051

1,627

0,707

pi
O
Pi
H

O

7.170
2. 505

5,037.54
719,874.60
54.63

31
5
2
5
•48
2
2
2
13
6
39
11
2

o
o

.030

2
347
46
129
394
64
13
41
131
274
627
171
63

3
26,701
10

484
1,716
1
5
1,644
80 " " 4 9 6 "

304
• 386
182
100
410
73
1

Duties a n d
tonnage tax.

Average
n u m - Cost t o
b e r of c o l l e c t
persons
$1.
employed.

2,128

1
132
1,072

1906.

2,422
57
24,641
236

413
410
34,308
122
3,996
535
2,349
7
47
3,429 " " ' 4 8 8 '

12,750

153,355

1,987,402

11,653,014
661,285

148,528

2,432,266

83,667

12,662,468

1,500

• 5,843,207

o
zn

p
-Q
Ol
Y

t

.
°°

Dayton, Ohio
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
FrenchmansBay (Ellsworth), MeGalena, 111
Galveston, Tex
Genesee (Rochester), N. Y
Georgetown, D.C
:
Georgetown, S.C
Gloucester, Mass
GrajUd Rapids, Mich
GreatEgg Harbor (Somers Point),
N.J
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), V t . . Miami (Toledo), Ohio
Michigan (Grand Haven), Mich-Mil waukee. Wis
Minnesota (St. Paul),Minn
Mobile, Ala
Montana and Idaho (Great Falls),
Mont
-'
Nantucket, Mass




97

53

324
7

3,629
47

241
7

3,700
49

38
168

802

1
185

38
800

102
24
64
19

'i,'363'
808
218

586
764
9
2
92

24
846
220
3
99
46

678
196
1
24
756
199
1
97
43

4
145
9
1,366

266
307
207
I, 635

256
347
13
1,699

492

208

51
22
104
20

102
34
1,327

347

224
106
20
369
168
219
933

"i2'
1,535
8,925
13,629

158
48

1,585
8,981
13;623

646
177
1,110
211
24,630
107
464
18
1
152
120
458
113
15
16
2,539
•1,739
2,165
721
572
4
1,536
4,280
11
11,353
695
1,769
4,122
18
33
152
1,548
1,790
32
28
302
28,405
565
28
4,115
5,173
1,079
2,037

194
316
31
607
16
734
49
122
147
363
135
57
210
7
348
12
99
45
527

130,609. 75
28,968. 30
177,491.09
30,296.07
, 588,454. 80
22,316.60
25,887.36
2,193.00
1.50
216. 77
31,496.62
73,314.20
167,652. 98
32,379.76
10,101.01
243.10

130, 704. 65
29, 765.16
178,746.20
30,343.18
1,595,263.51
22,410.60
29,150, 70
2,244.49
66.30
459.08
.32,066.36
73,372. 45
168,350.76
32,687.00
10,952.67
418.08

16
11
326

73;^. 44
239,697.26
, 183,857.81
1,487.44
337,136. 40
153,590.22
312,313.85

825.90
240,643.23
1,218,764.13
1,635.44
344,421.62
154,196.42
313,005.09

505,024. 25
2, 919.11

521,770. 91
2,945. 59
134.45
8,668. 75

355,960.22
435,116. 75
455. 85
3,419.70
49,539.87
392,076.15
64,715.91
6,233.80
721,665.35
887,-995.78
43,775.28

.40
357,477.55
436,490.19
1,103. 21
3,691.63
49,968.41
404,322.89
65,803. 66
6,480.55
724. 942.17
894,594.68
99,885.76

261,185.87

262,893. 58

34
40
79
99
229
93
166
76
231
457
57
311

124,050

35,152,547
"3,'i36,'256'

228,238

6,630,585
166,240,813
713,057

527,686.61
502,055.10
152,562.74
25. 79
38,923.32
96,582.25

8, 668. 75

199
120
110

504,815.90
500, 771.18
150,226. 06
15.75
36,301.96
96,485.62

3, 677,209
2,388

12,282

237,998

53,028
737,940
14,999,009

9,992

794,899

3,285

14,672
2; 444
.11,836

8,200,253
1,094,465
145,252
266,994
5,782,513
21,712,544
497,390

6,054.31
10,573.44
12,183. 64
1,861.92
81,918.02
434.15
14,459.50
1.238.29
2,792. 42
2,651.59
5,592.1.4
3,836. 21
10,749. 93
4,589.98
2,418.79
3.590.30
504.22
66,122.55
21,878.13
15,871.93
542.08
17,990.25
6,460.50

2
9
6
2
69
2
12
2
3
4
3
2
8
3
3
5
48
18
9
3
14
3

.125
.044
• .104
21. 019
.462
.067

1,373.35
11,545.94
96,129.84
2,890.72
62,243.50
11,033.36
16,391.47
100.00
36,332.64
546.26
366.00
1,819.26

2
6
64
1
56
6
8
2
30
1
2
2

1.663
.048
.079
1.768
.181
.072
.052

505.31
23,689.83
16.364.79
4,662.45
2,121.63
5,905.81
47,877.94
9,6-57.08
9,-538.49
23,080.14
51,511.39
21,978.56

1 1,263.275
.066
16
.037
9
4.217
5
.675
3
.118
4
.118
42
7 . .147
1.472
14
.032
23
.058
36
.220
19

24,339.24
370.41

16
1

.046
.355
.068
.061
.051
- .019
.496
.552
42.118
5.776
.174
.052
.064
.140
.221
8.588

9

.070
.185
2.722
.210

.093

zn

o

w

H

>

Pi

O

H
Pi

>
zn
d
Pi
Kj

TABLE O.—STATEMENT OF CUSTOMS BUSINESS FOR THE FISCAL Y E A R ENDED J U N E 30, 1906—Continued.

o
Value of exports.

Vessels entered Vessels cleared.
Districts and ports.

Nashville, Tenn
Natchez, Miss
Newark, N . J
New Bedford, Mass
Newburyport, 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 and Portsmouth (Norfolk), Va
North and South Dakota (Pembina), N.Dak
Omaha, Nebr
i
Oregon (Astoria), Oreg
Oswegatchie (Ogden.sburg), 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 and Falmouth (Portland), Me
"
Porto Rico
Portsmouth, N . H
Providence, R.1




Foreign.

Coastwise.

Foreign.

DocuEntries ments
of mer- issued
Coast- Ichandise, to veswise.
sels.

148
49
62
1
64
26
943
11
111
4,408
875

vlOO
26
330
499
871
3,083
815

101
56
2
41
31
980
2
456
3,914
870

59

1,932

612

1,423
190
1
646
9
45
303 1 15,675
511
317
249
2, 786
,447
578,085
27,514
1,956

28
87
983
1,021

1,329
""346

6
815
1,093

284.

12
788

'iso'

418
254

81
106

43

"i,'io6"

146420
1,335

408
290
79

"i,'2i6'

421
1,238

""13"

5'
267
354
12
43

130

453
244
2
587

249
352
16
30

418
241
. 3
328

1,207
6,626
2..521
15
57
166
678
1.830
36,835
2, 717
9
1.715
3,924
10
1,536

Aggregate
receipts.

Foreign.

Domestic.

150,969.48
$645,633
147,550.67"
95
81,670.44
78,126.15
139
658.62
586.88
12
132,392.43
131,304.22
220
1903,838.97
3,377.54
372
6,548,695.10
6,519,3.56.41
578,313
205
54,374.27
54,2-21.06
' 406
686,339; 06
2,651
680,729.36
5,388 198,445,205.61 200,698, 240.93 11,7.50,253
377,701.97
I,947,899
365,932.87

54,530
149,901,013
20,116,683
595,410,061
12,342,547

$2,633.13
500.00
12,310.64
7,208. 59
647.47
9,804.72
5,137.05
299,041.85
4,157.78
40,392.48
3,708,291.48
63,959.97

2,172

12,025,043

$0.143
2
2
6 '".'682
5
2
.074
6
1.338
5
.046
244
.076
41
.059
39 1
.018
2,690
.169
53

12,558.81

41

$18,216.50

$18,452.46

36,154.71

219
4,699
692
20
8,605

Duties and
tonnage tax.

Average
n u m - Cost to
E x p e n s e s . ' b e r of collect
$1.
persons
employed.

92
45
42
50
2.54
262
343
477
208
13
478
9
1,120
16
39
307
75
60
254

40,706.54

111,267.88
131,654.38
14,343.39
321,059.94
157,237.00

114,' 550.48
131,770.31
15,934. 95
321,271.10
157,812.79
1.70
3,295. 30
228,909. 73
90,275. 66

1,963.40
215.345.74
88,277.83
16,799.58
34,097.56
31,919.73
88,187.56
52,716.55
20,435,098.87
724,788.69
2,470.81
219,001.32
813,953.65
436. .56
392,0S5. 45

83,016
72,766
12,496
88,761
22,903

20,280. 51
37,668. 79
31,998.50
92,078.98
1,355,305
54,749.65
20,532,928.21 "'*287,'iS6'
725,976.15
2,520.81
225,816.45
824,612.56
1,367.71
394,336.44

7,888
54,475

$198,673
31,692

26,294.14
9,552.90
45, 584
14,853.75
5,410,470
31,556.05
2,341,855
16,613.56
473.85
6,519.95
9,705,979
60,290.12
• 894,745
24,037.43
' 493.35
6,037,723
11,456.97
18,440,122
13,684.87
3,680.90
187,079
8,517.97
7,837.22
"82," 277,'203'
570,2.51.96
24,863.61
• 1, 491.54
10.00
14,924,976

14,677,576
4,060,594

50,493.91
62,483.90
3,625.51
21,559.68

9
,

.230
.072
.932
.098
.105
278.735
•1.979
.263
.266

O
pi
O

.309

19

Pi

4
• 11

29
13
2
5
45
20
2
7 "".'565
.363
13
.115
3
.093
6
.143
5 1
.028
512
.034
14
.592
2
2
35
61 1
.5
15 1

.2-24
.076
2. 6.51
.055

o
zn

Puget Sound (Port Townsend),
Wash
R i c h m o n d , 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 , Mo
St. L o u i s , Mo
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
S a l e m a n d B e v e r l y ( S a l e m ) , Mass
S a l t L a k e City, U t a h
Saluria (Eagle Pass), T e x
'..
S a n Diego, Cal
Sandusky, Ohio
S a n F r a n c i s c o , Cal S a v a n n a h , Ga
S i o u x City, 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
S p r i n g f i e l d , 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
W a l d o b o r o , Me
W h e e l i n g , W. V a
Willamette (Portland) ,Oreg-..
Wilmington, N.C
Wiscasset, M e
Y a q u i n a , Oreg
York, Me
Total

1,979
1

742
2

574

100
665
465
111

12
112
1,657
462

705
460
203

685
17

15,482
448

562

2,136
3

2
1
232
260
440
5,941
1

24
25
1, 630
831
578

26
95
2,699
522
354
31,972
347
61

7, 747

629
21
2,494
572
7,970




144
43
16
. 61
18
122
1,059
132
77

10
1,941

1
175
120

13
7,704

13
1,741

"'267'

375
296
103
164
233
1
568
96
2
37

105
60
7

112
17
241

36,959

'"'iis'

485
78
39
37

108
197
212
297
202
22
41
308
190
143
97
116
10

1,218,245.46
115, 763.63

1,260,
116,

65.04
260.35
20,826.95
49,198.11
101.196.00
2,123,682.06
4, 673.10

21,
50;
101;
2,127!
5;

2, 513.95
8,711.45
112,216.52
102,976. 49
3,410.00
7,401,860.56
60,006.66
3, 315. 36
31.56
369,128. 88
5,795. 66
118,449.89
77,573.21
1,669,129.12

3,
9;
. 116!
104!
3:
7,449,
1,196,
62, 363,
;,
;,
3; 394,
41,
,700,
569,'
S
5,! 940,
,718,
119,'
77,811.
1,679, 004.

10.35
756,733. 94
5.56
5,264. 22
764,266.16
8,132. 68
271.11

48,870,979
11,000

293,467

1,172.15
764,288.28
7.06
6,043. 78
85.69
772,605.64
9,588.95
610.35

6,2.55
5,033
586,547

4,835,952
294,546
443,655
39,328,722
64,839,551
24,794
7,236,387
2,714,228

1,772,014

10,024,471
18, 466,929
594

5.00
35,768

87,009

36,880

6,617 1,133,033

A m o u n t of e x p e n s e s r e p o r t e d b y c o l l e c t o r s , as a b o v e Expenses not included in above
,
Total
Cost to c o l l e c t $1

1,238
113
139
16
329
60
150

33,373

301,562,872.69

304,987,447. 80

25, 911,118 1,717,953,382

156,505. 97
5,720.88
665.15
439. 06
931.79
2,335.41
6,602. 60
6,820.34
66,349.11
1,570. 98
610.00
6,010. 37
1,766.40
45,618.84
20,727. 40
4,363.53
479,013.39
10,234. 58
576.41
1, 266. 44
8,104.73
1,215.50
37,621.85
8,333. 87
44,728.78
• 827.57
2,921.15
75,875. 36
500.00
7,283. 90
712.10
63,013.56
6,359.62
3,280.66
1,036.50
141. 35
844,619.36

118
4
2
2
4
2
4
3
48
3
1
6
2
33
15
10
332
7

.124
.049
26.084
4.053
3.415
.111
.132
.067
.031
.310
30. 348
1.992
.196
.393
.199
1.126
.064
.164
.170
21
.
2 30.473
.014
4
.205
3
. 314
38
.107 .
4
.027
33

2
3

3

' '2.'492
.099
.70.822
1.205
8.310
.082
.663
5.375

2
1

'28.'270

• 65

1
7
2
41
5
•

•

zn
o

>

Pi
Kl
O

a
Pi

>
zn
d
Pi
Kl

6,764

$8,844,519.36
153,150.05
8,997,669.41
.029

O
OS

104

REPORT ON T H E FINANCES.

T A B L E P . — S T A T E M E N T SHOWING T H E AGGREGATE RECEIPTS, EXPENSES, AVERAGE
N U M B E R O F P E R S O N S E M P L O Y E D , A N D -COST TO C O L L E C T I N T E R N A L R E V E N U E I N T H E
S E V E R A L C O L L E C T I O N D I S T R I C T S D U R I N G T H E F I S C A L Y E A R E N D E D J U N E 30, 1906.

Collection districts.

Alabama
Arkansas
First California
Fourth California
Colorado
Connecticut
Florida
Georgia
Hawaii
First Illinois
Fifthlllinois
Eighth Illinois
Thirteenth Illinois
Sixth Indiana
Seventh Indiana
Third Iowa
,
Fourth Iowa
Kansas
Second 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 New 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
FirstOhio
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
Total

Aggregate receipts..«
$440, 795. 90
125, 046.05
4,423, 333.66
476, 369.75
675, 773.89
1,658, 979.13
1,061, 124.21
595, 085.69
42, 750.93
7,111, 534.87
33,587, 653. 93
11,265, 160.82
607, 056.25
9,720, 120.42
15,622, 481. 73
413, 158.41
479, 430.65
320, 147.48
2,286, 947.11
13,101, 041.15
3,481, 593.90
2,942, 181. 24
2,657, 320.28
5,692, 160.41
6, 635, 290.89
3,704, 324.92
4,365, 648.74
785, 636.17
1,585, 424.99
7,708, 995.06
1,043, 734.52
553, 824.34
2,556, 942.29
479, 137. 63
388, 857.78
6, 339, 417.46
105, 862.68
8,387, 655.62
3,753, 434.64
8,385, 924. 47
5,690, 897. 65
1,5^10, 077.94
2,000, 640.37
2,317, 922.73
2,634, 403.23
157, 322. 74
15,616, 672.28
1,565, 157.40
1,256, 440.07
2,134, 441.44
283, 218.58
6, 652, 256.57
3,141, 391.05
1,627, 525.12
9,728, 342.56
670, 616.10
763, 083.46
• 1,404,312.61
523, 340.62
167, 027.78
2,890, 120.43
1,249, 137.81
750, 823.65
1,233, 856.24
7,023, 641.15
923, 709.47
249,102,738.00

Expenses.

Average
number Cost to
of persons em- |collect$l.
ployed.

150.50
28, 587.92
110, 623.79
35, 839.70
26, 627.61
43, 568. 96
22, 122.71
66, 417.41
10, 9^3.38
92, 163.08
160, 708.71
7o; 535.53
17 826. 33
86; 676.85
92, 358.18
18; 434.38
19, 752.79
24' 115.67
98: 907. 87
318, 179.30
110, 124.78
166, 574.18
132; 999.16
48 774.33
161 634.08
79; 124.59
35, 395.93
15, 961.92
38, 198.03
68! 291.62
55, 647.08
24, 338.46
42; 041.71
20, 042.81
17, 786.29
37, 950.30
10, 7-23.73
68, 455.80
83, 575.54
61; 968.72
• 62, 378.50
36! 601.76
46, 109.28
55; 391.26
89! 529.14
14, 700.91
173: 207.63
40: 228.49
29: 385.66
42; 824.66
18! 534.51
108: 714.87
75: 508.72
35: 818. 63
166: 888.00
27: 910.95
54: 140.06
69: 342.73
19 792. 54
15 144.76
47 595.88
%.,036.83
34, 888.08
4i: 836.41
509.13
642.71
4,110,711.73

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 in detecting and punishing violations of internal-revenue laws, cost of
paper for internal-revenue stamps, and certain miscellaneous expenses.
Amount of expenses as above stated
$4,110,711.73
Expenses not included in above
616,458,38
Total expenses for fiscal year ended June 30,1906
4,727,170.11
Cost to collect $1
$0.019




APPENDIX TO THE REPORT ON THE FINANCES.




105




A.]P]PEI^I3IX.
EEPORTS OF HEADS OF BUREAUS.
REPOET OF THE TEEASURER.

TREASURY DEPARTMENT,
OFFICE OF THE TREASURER,

Washington, D. C , Octoher 15, 1906.
S I R : The transactions of the Treasury of the United States forthe
fiscal year ended June 30, 1906, and its condition on that ahd subsequent dates,, are presented in the annexed tables.
REVENUES AND EXPENDITURES FOR 1905 AND 1906.

The activity of business and the general prosperity of the country
are reflected in the ordinary receipts and expenditures of the Treasury during the fiscal year 1906. The revenues (exclusive of the
Post-Office Department) were $594,454,121.67 a n d t h e expenditures
$568,784,799.06. The net result is a surplus of $25,669,322.61, as
compared with a deficit of $23,004,228.60 for the fiscal year 1905.
REVENUES AND EXPENDITURES FOR FISCAL YEARS 1905

1905.

Account.

1906.

•

AND

Increase.

1906.

Decrease.

REVENUES.
8261.798,856.91
234,.095,740. 85
4,859.249. SO
43,520,837. 29

Total:
Net .

$300,251,877.77
249,150,212. 91
4,879,833.65
40,172,197. 34

S38,453,020. 86
15,054, 472. 06
20,583. 85

544,274,684 85

594,454,121. 67

53,528,076. 77
50,179,436. 82

10,894,153. 25
23,430,412. 35
5,034,922.00
2,621,815.18
81,837,075. 06
7,366,365. 40
15,767,805. 41
122,175,074 24
117,550,308.18
14,236,073.71
141,773,964 57
24,590,944 10

10,530,958. 73
23,617,781.33
5,747,860. 69
2,342,300.13
90,871,023. 31
7,583,724 97
19,130,255. 34
119,704,113. 09
111, 166,784 35
12,746,859. 08
141,034,561.77
24,308,576.27

9,033,948.25
217,359.57
3,362, 449. 93

567,278,913.45

Customs
Internal revenue
Lands
Miscellaneous r e v e n u e

568,784,799.06

13,514,005.42
1,505,885.61

.

$3,348,639. 95
3,348,639. 95

EXPENDITURES.
Commerce and labor
Customs
Internal revenue
Diplomatic.
Treasury proper
Judiciary
I n t e r i o r , civil
War Department
Navy Department
Indians
Pensions
Interest
Total
Net

...

.•

Deficit
Surplus




363,194 52
187,368.98
712,938. 69
279,515. 05

2,470,961.15
6,383,523.83
1,489,214 63
739,402. 80
282,367.83
12,008,179. 81

23,004,228.60
25,669,322. 61

107

108

REPORT ON T H E FINANCES.

The comparison shows an increase of $38,453,020.86 in customs, or
14.6 per cent; and the internal-revenue collections, keeping pace with
the customs, show an increase of $15,054,472.06, or 6.4 per cent; the
receipts from lands are increased by $20,583.85, while the revenues
from miscellaneous items are decreased by $3,348,639.95. I t will be
observed that the burden of taxation falls about equally upon foreign
imports and domestic products.
REVENUES AND EXPENDITURES, FIRST QUAE,TERS OF 1 9 0 6 AND 1 9 0 7 .

The revenues for the first quarter of 1907 are more than the expenditures by $5,871,314.27, and as compared with the same period a
year previous show an increase of $12,788,915.74.
In the annexed table the items for the two quarters are compared:
1906.

Account.

1907.

Increase.

Decrease.

REVENUES.

Customs
:
Internal revenue
Miscellaneous..

$75,015,578.10
61,442,792.92
10,556,354 08

Total .
Net....

$7,453,236.73
4,004,107.09
1,331,571.. 92

147,014,725.10

159,803,640.84

12,788,915.74
12,788,915.74

34,297,655.29
28,231,635. 39
30,176, 442.11
3,919,201. 23
37,515,852. 93
16,561,782. 06
5,886,397.65

32,379,276.47
31,425,885.15
24,872,858. 81
4,893,983.00
35,967,306. 56
18,631,420. 96
5,761,595. 62

156,588,966. 66

•

$82,468,814 83
65,446,900. 01
11,887,926.00

153,932,326.57

-

EXPENDITURES.

Civil and miscellaneous
War
Navy
Indians
Pensions
Public works
Interest
Total
Net

:

Excess of expenditures
Excess of receipts

'

9,574,241. 56

$1,918,378.82
3,194,249.76
974,781. 77
2,069,638.90
6,238,670. 43

5,303,583.30
1,548,546. 37
124,802. 03
8,895,310.52
2,656,640. 09

1
5,871,314 27

RECEIPTS AND DISBURSEMENTS ON ACCOUNT OF THE
DEPARTMENT.

POST-OFFICE

The receipts on account of the Post-Ofiice Department for the fiscal
year 1906 were $178,593,821.33 and the disbursements $188,736,607.24, of which amounts $113,210,993.25 was received and expended
directly by postmasters without being deposited in the Treasury. To
cover the deficit, $12,850,000 was drawn from the appropriation made
by Congress.
There was an increase of $18,898,894.88 in the receipts and of
$14,141,674.01 in the expenditures, as compared with the preceding
year. The statement of receipts and disbursements will be found on
page 150 of this report.
TRANSACTIONS IN THE PUBLIC DEBT.

The receipts and disbursements on account of the public debt during the fiscal year 1906 have been limited principally to transactions
incident to the exchange of $53,032,400 of the loan of 1908-1918 and
the loan of 1907 for consols of 1930 and to replacing or retiring the.




109

TREASURER.

•worn and mutilated paper currency of the country. The receipts
show an increase of $58,422,768.50, as compared with the preceding
year, and the disbursements an increase of $7,374,627.53.
The record is given in the following table:
RECEIPTS AND DISBURSEMENTS ON ACCOUNT OF THE PUBLIC DEBT FOR 1905 AND 1906.
Account.

1905.

1906.

Increase.

Decrease.

RECEIPTS.

United States bonds
United States notes
National-bank notes
Gold certificates
Silver certificates

$2,750. 00
126,530,000.00
22,557,927.50
194,710,000.00
316,300,000. 00

$53,034,450.00
107,840,000.00
35,132,672. 00
200,830,000. 00
321,156,000. 00

Total
Net
Premium on consols of 1930.

660,100,677. 50

717,993,122.00
530,324 00

$53,031,700.00
12,574,744 50
6,120,000.00
4,856,000. 00
76, 582, 444 50
57,892, 444 50
530,324 00

660,100,677. 50

Aggregate

718,523, 446. 00

53,275,760.00
1,351. 80
107,840,000.00
2,027,000.00
24,724,135. 00
158,630,100. 00
308,948,000.00

52,672,670. 00

649, 489,198. 80

655, 446,346. 80

52,672,670. 00
5,957,148. 00

10,611,478.70

62,546,775.20

18,690,000. 00

58,422,768. 50

603,090. 00
2,140. 80
126, 530,000. 00
3,565,000. 00
25,857,368. 00
171, 420, 600. 00
321,511,000.00

$18,690,000. oa

51,935,296.50

DISBURSEMENTS.

United States bonds
Fractional currency
United States notes
Treasury notes of 1890
National-bank notes
. .
Gold certificates
'
Silver certificates .
Total
Net

. .

Excess of receipts

1, 417, 479. 53

Premium on bonds exchanged.. .
Aggregate

649, 489,198. 80

656,863,826.33

789. 00
18,690,000. 00
1,538,000.00
1,133,233. 00
12,790,500.00
12,563,000.00
46,715,522. 00

1,417,479.53
7,374,627. 53

PUBLIC DEBT 1 9 0 5 AND 1 9 0 6 AND FIRST QUARTER OF 1 9 0 7 .

The public debt, including certificates and Treasury notes offset
by an equal amount of cash in the Treasury June 30, 1905, aggregated $2,274,615,063.84, and at the close of the fiscal year 1906
$2,337,161,839.04, an apparent increase of $62,546,775.20. The
'items of increase were consols of 1930 $53,032,400, national-bank
notes (redemption fund) $10,408,537, gold certificates $42,199,900,
and silver certificates $12,208,000, while reductions were made in
the following accounts: Loan of 1908-1918 $13,189,900, loan of
1907 $39,840,450, refunding certificates $1,250, matured loans
$242,110,fractional currency $1,351.80, and Treasurynotes $2,027,000.
The total debt at the close or the first quarter of 1907 was $2,392,783,158.04, an apparent increase of $55,621,319, resulting principally
from the sale of $30,000,000 of the Panama Canal loan, the deposit
of $2,938,539 of lawful money in excess of actual redemption of
national-bank notes, and the issue of $22,685,000 in certificates, far
which an equal amount of gold and silver coins are held in the
Treasury.




110

REPORT ON T H E FINANCES.

The items of debt for the three periods are compared in the following table:
PUBLIC DEBT, 1905

AND 1906, AND FIRST QUARTER OF 1907.
J u n e 30, 1905.

J u n e 30, 1906.

S e p t e m b e r 30,
1906.

$542,909,950. 00
77,135,360. 00
156,595,600. 00
27,530. Op

$595,942,350. 00
63,945, 460. 00
116,755,150. 00
26,280. 00

$595,942,350. 00
63,945,460.00
116,755,450.00
26,040.00

118,489,900.00

118,489,900. 00

118,489,900.00
• 30,000,000.00

895,158,340. 00

895,159,140. 00

925,159,200. 00

1,370,245. 26
53,282. 50
346,681,016.00

1,128,135. 26
53,282.50
346,681,016.00

1,126,375. 26
53,282. 50
346,681,016.00

do

32,227,102. 00

42,635,639. 00

45,574,178. 00

do

6,867,109. 08

6,865,757.28

6,865,237. 28

387,198,754 84

Rate.

397,363,830.04

400,300,089. 04

517,579,969.00
465,265,000.00
9, 413,000. CO

559,779,869.00
477,473,000. 00
7,386,000.00

581,740,869.00
478,562,000. 00
7,021,000.00

When payable.

Interest-bearing debt: Perct.
2 A f t e r A p r . 1, 1930Consols of 1930
3 After A u g . 1,1908.
Loan of 1908-1918..
4 J u l y l , 1907
Funded loan of 1907
4 Convertible
Refunding certificates.
4 Feb.1,1925
Loanof 1925
2 A u g . 1, 1916
Panama Canal loan
Total interestbearing debt.
Debt bearing no interest:
Matured loans.
Old demand notes.
United
States
notes. .
Nati o n a l - b a n k
notes.
Fractional
currency.

On demand
do
do

Total
Certificates and notes
issued on deposits of
coin and
bullion
(trust funds, act
Mar. 14, 1900):
Gold certificates...
Silver certificates
Treasury notes of
1890.

On d e m a n d
do .
....do

Total

992,257,969.00

1,044,638,869. 00

1,067,323,869.00

2,274, 615,063. 84

Aggregate

2,337,161,839.04

2,392,783,158.04

EXCHANGE INTO CONSOLS OF 1 9 3 0 .

By public notice, September 28, 1905, the Secretary of the Treasury
offered to receive in exchange for consols of 1930 securities of the
loan of 1907, 4 per cents, and those of 1908, 3 per cents, reserving
the right to discontinue the exchange of bonds without notice whenever, in his opinion, the interests of the Government may be best
served thereby. The conditions were that the older bonds mentioned would be received at a valuation equal to their present worth
to yield an income of 2 \ per cent per annum, and like amounts of
United States registered or coupon bonds bearing interest at the
rate of 2 per cent per annum would be issued in exchange therefor
at a premium of 1 per cent. The exchange continued till November
29, when the Secretary of the Treasury canceled the option. Bonds
to the amount of $53,032,400 were exchanged and the details of the
operation are combined in the annexed statement:
Title of loan.

4 per cent funded loan of 1907
3 per cent loan of 1908-1918...
Total




Accrued
interest.

Present
worth in
excess of par
value.

$39,842,500. 00
13,189,900. 00

$95,287.02
58,153. 97

$1,153,310. 86
264,168. 67

53,032,400.00

153, 440. 99

1, 417,479. 53

Principal.

Ill

TREASUEER.
For accrued interest
And present worth in excess of par value

$153,440.99
1,417,479. 53

Less interest repaid
Less interest accrued on 2 per cent bonds
Less premium of 1 per cent

,

58,974 40
66,588.72
530,324 00

Checks were issued amounting to

$1,570,920. 52

655,887.12
915,033. 40

Of the above amount of bonds there was received from persons and institutions other
than national banks
28,932,100. 00
From national banks, circulation account
$17,096,600.00
And public moneys' account
7,003,700.00
24,100,300.00
ANTICIPATION

OF

INTEREST.

By authority of the Secretary of the Treasury the payment of the
interest due on the public debt January 1,1906, was anticipated and
paid from and after December 15,1905. The items of interest authorized to be prepaid were:
Loan.

:

Total

Total.

$816,574.00
2,933,686.75

-.

Coupon.
$353,378.00
46,025.00

$1,169,952.00
2,979,711.75

3,750,260.75

Funded loan of 1907....
Consols of 1930

Registered.

399,403.00

4,149,663.75

On January 2, 1906, the Secretary of the Treasury authorized the
immediate prepayment of the interest due on February 1, 1906. The
items of interest due on February 1 were:
Loan.
Loan of 1908-1918
Loan of 1925

Registered.

;

Coupon.

S?243,284.70
932,297.00

$236,306.25
252,602.00

$479,590.95
1,184,899.00

. 1,175,581.70

488,908.25

1,664,489.95

..

Total..

...

PANAMA

CANAL

Total.

LOAN.

The Secretary of the Treasury on July 2, 1906, invited bids for
$30,000,000 of the bonds of the Panama Canal loan authorized by
section 8 of the act approved June 28, 1902, and supplemented by
section 1 of the act of December 21, 1905. The bids were opened
July 20, 1906, and the entire amount offered was sold at an average
premium of 4.036+ , and the amount realized from the sale was
$31,210,817.95.
RESERVE

AND TRUST

FUNDS.

The redemptions from the reserve fund during the last fiscal year
were, in United States notes, $11,452,195; in Treasury notes, $192,810,
making a total of $11,645,005. Thru the process of exchange for
gold, the redeemed notes were restored to the general fund and the
reserve thus maintained at the amount fixt by law.
The trust funds, consisting of gold coin for the redemption of
outstanding gold certificates and standard silver dollars for the
redemption of outstanding silver certificates and Treasury notes,
attained a maximum at $1,044,638,869 during the last fiscal year,




112

REPORT

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

and showeci a net increase of $52,380,900 at its close, as compared
with the same period twelve months earlier.
The transactions in this account are recorded in the statement
following:
Outstanding
June 30,1905.

Kind

Fiscal year 1906.
Issued.

Redeemed.

Outstanding
June 30, 1906.

Gold certificates
Silver certificates
Treasury notes

$517,579,969
465,265,000
9,413,000

$200,830,000
321,156,000

$158,630,100
308,948,000
2,027,000

$559,779,869
477,473,000
7,386, ooa

Total

992,257,969

521,986,000

469,605,100

1,044,638,869

This statement does not include $280,000 in gold certificates that
had been issued but not reported in time to be included in the public
debt statement for June.
The revised figures at the close of the fiscal year were:
RESERVE FUND.

Gold coin and bullion in division of redemption

$150,000,000

TRUST FUNDS.

[Held for the. redemption of the notes and certificates for which they are respectively pledged.]
DIVISION O F R E D E M P T I O N .

Gold coin
Silver dollars
Silver dollars of 1890

$560, 059, 869
477, 473, 000
7, 386, 000

Total.

DIVISION O F I S S U E .

Gold certificates outstanding
Silver certificates outstanding
Treasury notes
outstanding

1,044, 918, 869
STATE

Total

$560,059, 869
477,473,000
7,386,000
1,044, 918, 869

OF THE TREASURY- -GENERAL

FUND.

The available cash balance in the general fund of the Treasury at
the close of the fiscal year 1906 was $180,689,354.82, an increase of
$35,211,862.93 as compared with that of a year earlier.
The chan2:es in the cash items were:
Increased.

Kind.
Gold coin and bullion
Gold certificates
. .
standard silver dollars
Silver certificates
Silver bullion
United States notes
Treasury notes of 1890
.
.
...
National-bank notes
Subsidiary silver coin..
Fractional currency
Minor coin.
Bonds and interest paid
Deposits:
In national banks
In treasury of Philippine Islands

$58,189,391.26
10,918,800.00

. . .
54 99
433,432! 31

$13,575,367.00
4,447,346.00
1,917,252.14
3,519,523.00
92,302.00
2,579,835.19
6,791,065.98
14,023.11

16,686,567.01
624,795.95

Net
Less increase of liabilities

53,916,327.10
18,704,464.17

Net increase in available cash balance

35,211,862.93




Decreased.

113

TREASURER.

The state of the general fund June 30, 1905 and 1906, and October
1, 1906, may be studied in the annexed table:
GENERAL FUND—CASH IN THE VAULTS.
[ F r o m r e v i s e d s t a t e m e n t s for J u n e 30, 1905 a n d 1906.]
Kind.

J u n e 30, 1905.
$38,802,430.04
32,579,220.00
19,966,529.00
10,400,292.00
3,297,587.83
14,260,319.00
140,982.00
15,690,957.31
13,386,482.03
99.11
926,153.55

Total

:

I n national b a n k depositaries:
T o c r e d i t of t h e T r e a s u r e r of t h e U n i t e d S t a t e s .
T o c r e d i t of d i s b u r s i n g officers
Total
I n t r e a s u r y of P h i l i p p i n e I s l a n d s :
T o credit of t h e T r e a s u r e r of t h e U n i t e d S t a t e s . .
T o c r e d i t of U n i t e d S t a t e s d i s b u r s i n g officers
Awaiting reimbursement—Bonds and interest paid..

$96,991,821.30
43,498,020.00
6,391,162.00
5,952,946.00
1,380,335.69
10,740,796.00
48,680.00
13,111,122.12
6,595,416.05
154.10
1,359,585.86

$123,831,835.06
39,882,940.00
1,005,148.00
4,223,690.00
1,748,993.43
3,822,418.00
22,438.00
9,755,104.00
4,055,>285.07
158.18
672,131.61

149,451,051.87

Gold coin a n d b u l l i o n
Gold certificates
S t a n d a r d silver d o l l a r s
Silver certificates
Silver bullion
United States notes
T r e a s u r y - n o t e s of 1890
National bank notes
S u b s i d i a r y silver coin
Fractional currency
M i n o r coin

J u n e 30, 1906. O c t o b e r 1, 1906.

186,070,039.12

189,020,141.35

65,084,246.87
8,673,109.78

81,101,775.33
9,342,148.33

124,088,475.42
10,530,907.63

73,757,356.65

90,443,923.66

134,619,383.05

925,893. 49
1,898,575.91
67,261.40

590,306.46
2,858,958.89
53,238.29

2,582;908.78
2,731,826.03
29,246.60

6,649,087.45

Liabilities:
National b a n k 5 per cent fund
O u t s t a n d i n g checks a n d w a r r a n t s
D i s b u r s i n g officers' b a l a n c e s
' Post-OflSce D e p a r t m e n t a c c o u n t
Miscellaneous i t e m s

:

139,963, 364. •

280,016,466.42

328,983,505.81

17,133,471.22
5,545,116.98
43,291,533.54
7,255,066.57
7,397,459.12

Aggregate

93,946,427.30

226,100,139.32

Total

21,190,465.96
6,290,111.18
51,866,096.09
9,617,806.32
10,362,632.05

21,280,358.81
12,278,222.45
65,038,190.44
8,061,954.55
1,111,683.41

80,622,647.43

Total

145,477,491.89

Available cash balance

AVAILABLE

CASH

99,327,111.
180,689,354.82

107,770,409.66
221,213,096.15

BALANCE.

The available cash balance (including the gold reserve) at the close
of the last fiscal year was $330,689,354.82. These figures have been
exceeded in previous years, and noticeably so on September 30, 1903,
when the balance attained a maximum at $389,417,184.22.




114

REPORT ON T H E FINANCES.

The amount of the balance in the Treasury at the end of each
month from January, 1902, will be found in Table No. 31, page 183:
and for July 1, in each year since 1896, in the following table:
AVAILABLE

CASH

BALANCE (INCLUDING THE RESERVE FUND), FROM THE REVISED
STATEMENTS, ON THE DATES NAMED.
Available cash balance.
Date.
R e s e r v e fund.

July 1 1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906

•
-

: '.

:.

GOLD I N

THE

Balance.

Total.

$100,000,000 $169,637,307. 07 $269, 637,307. 07
100,000,000 144, 466,201. 95
244 466 201 95
100,000,000 109,282,043.13
209,282^ 643.13
100,000,000 184, 488, 516. 20
284, 488 516 20
150,000,000 156,827,605. 37 306,827,605. 37
150,000,000 178, 406,798.13
328,406,798 13
150,000,000 212,187,36L16
362,187,361.16
150,000,000 238,686,114 23
388,686 114 23
150,000,000 172,051, 568. 02 322,051,568.02
150,000,000 145, 477, 491. 89
295, 477, 491.89
150,000,000 180,689,354 82
330,689,354 82

TREASURY.

The Treasury holdings of gold continues to attract the attention
of financiers both at. home and abroad, and from the new record
made each year it is evident that a large share of the worlds' product
of the precious metal comes to the United States. The amount of
gold held in the Treasury at the close of the fiscal year 1906, was
$807,051,690.30.
By October 15, 1906, the gold in the Treasury had taken on a
growth of $64,842,209.47, and attained a maximum at $871,893,899.77.
The Treasury holdings of gold on July 1 in each year from 1897,
set apart for the respective uses, was as here stated:
GOLD IN THE TREASURY.

Date.

Reserve.

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
J u l y l , 1905
J u l y l , 1906
October 15, 1906

BONDS HELD

$100,000,
100,000,
100,000,
150,000,
150,000,
150,000,
150,000,
150,000,
150,000,
150,000,
150,000,

AS

For certificates in
circulation.
$37, 285,339
35, 811,589
32, 655,919
200, 733,019
247, 036,359
306, 399,009
377, 258, 559
465, 655,099
485,210,749
516, 561,849
572, 826, 429

SECURITY FOR

General fund
(belonging to
Treasury).
$41,363, 988. 57
67,752, 727. 90
151,104, 414 92
72,844, 952. 68
97,811, 938. 42
103,801, 290. 97
104,162, 230. 43
66,183, 722. 60
71,381, 650. 04
140,489, 841. 30
149,067, 470. 77

NATIONAL

Total.
$178,649, 327. 57
203,564, 316. 90
283,760, 333. 92
42,3,577, 971, 68
494,848, 297.42
560,200, 299. 97
631,420, 789. 43
681,838, 821. 60
706,592, 399. 04
807,051, 690. 30
871,893, 899. 77

BANKS.

There were 470 new national banks organized during the fiscal
year 1906, at the close of which, the Treasurer held as security for
the circulating notes of national banks $520,605,210 in United States
bonds, an increase of $52,538,270 as compared with the holdings at
the close of the fiscal year 1905. The bonds pledged to secure
deposits of public funds showed an increase of $15,170,775.



115

TREASURER.

The amount of each kind of bonds held is stated in the table
following •
BONDS HELD FOR

NATIONAL BANKS, CLOSE OF J U N E 30, 1904,
1905,
SEPTEMBER 30, 1906, AND CHANGES DURING 1906.

AND 1906

AND

Held'SepH e l d J u n e D e p o s i t e d W i t h d r a w n H e l d J u n e t e m b e r 30,
el Jun
R a t e . H30,d 1904. e
30, 1905. d u r i n g 1906. d u r i n g 1906. 30, 1906.
1906.

K i n d of b o n d s .

TO S E C U R E CIUCULATION.

i

Consols Of 1930
L o a n of 1908-1918
F u n d e d l o a n of 1907 . . .
L o a n of 1925
P a n a m a Canal l o a n . . .

P.ct.
2
$408,163,650 $447,693,450 $98,967,850 $49,537,950 $497,123,350 $490,611,750
2, 526,340
2,550,160
4,761,200
3
3,374, 440
3,936,920
1,815,440
4
4,215,500 12,907,550 19,961,500 16,393,850 16,475,200 21,545,750
3,746,100
4, 456,500
1,822,100
1,886,500
4,091,500
2,251,500
• 12,384,080
1

416,016,690 468,066,940 125,117,770

Total
TO S E C U R E

72,579,500 520,605,210 530,814,020

DEPOSITS.

21,337,100
2,116,400
4,697,700
1,347,500

20,562,750
4,162,700
8,492,900
1,716,900

46,896,000
3,335,400
4,751,700
4.490.800

55,212,400
5,599,800
9,227,250
5,075,050
16,291,000

650,000
4,361,000
942,000

30,000
7,736,000
729,000

100,000
40,000
4,547,000
193,000

640,000
7,550,000
1,478,000

610,000
7,837,000
1,526,000

3,675,500

3,091,500

15,132,825

4.161..500

14.062.825

10,844,325

112,902,550

74,054,950

53,126,525'

43.^976.750'

2
C o n s o l s of 1930
3
L o a n of 1908-1918
F u n d e d l o a n of 1 9 0 7 . . . 4
4
L o a n of 1925
P a n a m a Canal l o a i n . . . 2
L o a n of 1904
5
D i s t r i c t of C o l u m b i a . . 3.65
Philippine loans
4
T e r r i t o r y of H a w a i i . . . V a r i ous.
s t a t e , c i t y , a n d railroad
. . .do
Total

79,964,550
5,784,400
7,820,050
8,321,050

46,121,650
5,381,700
8,546,900
4,860,200

100,000
895,000
5,270,000
1,072,000

166,666

83.204.725 112,222,825

BONDS H E L D BY THE ASSISTANT TREASURER OF THE UNITED STATES AT NEW
YORK.
P.ct.
2
Consols of 1930
3
L o a n of 1908-1918
F u n d e d l o a n of 1 9 0 7 . . . 4
4
L o a n of 1925
P a n a m a Canal l o a n . . . 2
D i s t r i c t of C o l u m b i a . . 3.65
Philippine loans
4
S t a t e , c i t y , a n d rail- V a r i ous.
road

$636,000
383,500
1,214,500
2,014,000
900,000
168,000

$3,291,900
728,100
285,000
1,737,000

$3,926,500
1,175,000
2,122,000
2, 413,000

$4, 492,900
2,011,600
2,454,000
1,884,000

$566,500
735,500
727,000
1,738,000

1,039,000

1,002,000

11,000
1,217,000

545,000
1,217,000

468,000

375,000

61,586,000

55.095.000

6,866,000

25,047,000

7,081,000

Total

$1,132,900
1,572,100
1,059,000
1,209,000

6,350,000

72,450,500'

67,699,500

11,101,000

30,363,000

BONDS H E L D BY THE ASSISTANT TREASURER OF THE UNITED STATES AT BOSTON.

P.ct.
State, city, and rail- Various.
road

$1,200,000

$1,200,000

BONDS H E L D BY THE ASSISTANT TREASURER OF THE UNITED STATES AT SAN
FRANCISCO.

•

P.ct.
2
3
4

Consols of 1930
L o a n o f 1908-1918
L o a n of 1925

$200,000
70,000
1,000,000
1

Total
Aggregate
deposits

$200,000
70,000
1,000,000

$200,000
70 000
1,000,000

1,270,000

1,270,000

1,270,000

for
1119,983,550 S S 404 QFtO 128,047,025 $112,876,250
^O




95, 575,725 143,855,825

116
NATIONAL

REPORT
BANKS

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

D E S I G N A T E D AS D E P O S I T A R I E S
STATES.

OF

THE

UNITED

Public moneys to the amount of $90,443,923.66 were held by
national banks at the close of the fiscal year 1906.
The number of depositaries in- each State and Territory, and the
amount of bonds deposited, may be studied in the annexed table:
CLASSIFICATION O F D E P O S I T A R I E S , BY S T A T E S , AND A M O U N T O F B O N D S

State or Territory.

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
• District of Columbia
Florida
Georgia
Hawaii
Idaho.
Illinois
Indiana
Indian Territory
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
.•.
Missouri

Nuraber Amount
of
by States
deposior
taries. Territories.

0

7
$275,000
1
100,000
3
150,000
1
80,000
24 6,985,000
12 • 1,520,000
13
612,400
1
50,000
10 6,423.000
10
512,000
12
992,000
1
300,000
4
170,000
41 6,934,000
46 2,647,000
3
160,000
47 1,644,000
30 1,050,000
32
2,799,000
8 1, 528,200
8
375,000
21 3,341,800
43 4,213,000
17 1,175,000
21 1,585,000
8
190,000
26 3,038,325

State or Territory.

DEPOSITED.

Arnount
by States
or
Territories,

Montana
Nebraska
Nevada
Ne\v. Hampshire
New Jersey
New Mexico
New York
North Carolina.
North D a k o t a . .
Ohio
Oklahoma......
Oregon
Pennsylvania...
Porto Rico
Rhode I s l a n d . . .
South Carolina.
South Dakota..
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia..
Wisconsin
Wyoming

$575,000
1,280,000
50,000
777,000
550,000
165,000
19,107,000
517,000
255; 000
4,340,000
475,000
1,215,000
7,032,000
250,000
137,000
351,000
317,000
1,259,000
1,132,000
331,000
386, 600
2,172,000
1, 661, 400
802,000
1,349,000
240,000

Total

95,575,725

State and municipal bonds, and obligations available as security
to savings banks are included in the amounts enumerated in the
foregoing table. The amount of each kind is given in the table on
page 115.
PUBLIC DEPOSITS

IN NATIONAL

BANKS.

At the Close of the fiscal year 1905 the balance of public moneys in
national banks to the credit of the Treasurer of the United States was
$65,084,246.87, against which there was an unpaid call for $14,659,500,
issued b y t h e Secretary of the Treasury April 7, 1905, payable July
15, 1905. Upon the payment of the call the balance in banks was
reduced by the end of July to $52,944,109.68 and remained practically at that figure until the end of February, 1906, when the Secretary of the Treasury made the following announcement:
In the month of February, just closed, the Treasury Department locked up about
$10,000,000—four and one-half millions by excess of Government receipts over expenditures and five millions by excess of deposits of lawful money for redemption of national bank
circulation over and above the actual redemption. For this reason the Secretary of the '
Treasury will at once deposit $10,000,000 of public funds in existing depositary banks.
These deposits will be made entirely in important centers, and will be temporary only:
depositary banks receiving them will be called upon to return the same on or about July 10.




117

TREASURER.

The amount apportioned to and transferred to the banks in each
city was as follows:
NewYork
Baltimore
Chicago
New Orleans
Boston

$3,100,000. Philadelphia
1, 685,000 St. Louis
1,205,000
1,000,000
Total
1,286,000

$1,120,000
545,000
9, 941,000

By the end of March the balance of public moneys in national banks
to the credit of the Treasurer had increased to $64,855,236.07.
During the early part of April there was a stringency in the money
market, and call loans touched the highest level for April in twentyfour years—30 per cent. This was due largely to the requirements
for commercial and farming purposes resultant upon the phenomenal
prosperity of the country. T h e foreign exchange market showed the
sympathetic influence or the monetary stringency in a sharp decline
of 80 points in sight sterling, sufiicient to make gold imports probable.
Under such conditions the Secretary of the Treasury made the following announcement:
The price of exchange having reached the point where gold ought to have been imported,
and believing the reason why it was not engaged to be the loss of its use during transit, the
subtreasury at New York is authorized to accept bonds available as security in savings banks
and to increase the deposits of any national bank desiring to import gold to any amount,
when assured that the money would be immediately used in the engagement of gold for
shipment to the United States, the same to be returned immediately on the arrival of
the gold.

The effect of this action was instantaneous and the stringency in
money rates disappeared.
The amount of gold imported by the national banks under the
foregoing conditions was $49,870,000. The date of the advance as
well as the xeturn of the temporary deposits are enumerated in the
statement following:
AMOUNT

Date.

1906.
April 12
April 14
April 16
April 20
April 26
April 27
April 28
April 30
May 1
May 3
May 4
May 5

May 3i

Total

OF PUBLIC

MONEYS

TEMPORARILY DEPOSITED
IMPORTING GOLD.

WITH

NATIONAL

First
Fourth
National Hanover Chase National
National National Bank of National National National
City
ComBank,
Bank,
Bank,
Bank,
Bank, Shawmut
merce,
Bank,
New
New
New
New
New
New
Boston.
York.
York.
York.
York.
York.
York.

$10,000,000

$2,000,000

BANKS

Total.

$10,000,000
2,000,000
1,. 100,000
6,370,000
4,000,000
$3,000,000
3,000,000
3,000,000
400,000 1,000,000
3,400,000
500,000 1,500,000
5,000,000
5,500,000
1,000,000
$1,500,000
2,500,000
1,500,000
$1,000,000 2,500,000
1,500,000

$1,100,000
$1,000,000 • 370,000
5,000,000
2,000,000 1,000,000 1,000,000
3,000,000
2,000,000
3,000,000
2,000,000 1,000,000
2,500,000
1,500,000

31,000,000 4,000,000 2,000,000 3,370,000 7,000,000 1,500,000 1,000,000 49,870,000

H. Doc. 9, 5 9 - 2 -




118

REPOET ON T H E FINANCES.

AMOUNT

OF PUBLIC MONEYS

Total

BY NATIONAT.

First
National Hanover
Chase National
Fourth National
City
National National Bank of National National Shawmut
ComBank,
• Bank,
Bank,
Bank,
Bank,
merce,
Bank,
New
New
New
New
New
New
Boston.
York. , York.
York.
York.
York.
York.

Date.

1906.
April 24
April 25
April 26
April 27
April 30
May 1
May 2
May 3
May 7
May 8
May 9
May 10
May 11
May 14
May 15
May 17
May 21
May 22
May 24
May 28
May 31
June 4
.June 6
June 7
July 10

RETURNED TO THE TREASURY
IMPORTING GOLD.

$1,000,000

3,500,000
1,000,000
1,500,000
1,000,000
2,000,000
1,000,000
4,000,000
$600,000
1,500,000 1,000,000 1,000,000
1,000,000
1,000,000
500,000
500,000
1,500,000
1,500,000 1,000,000

Total.

$1,000,000
1,100,000
5,000,000
1,500,000
1,000,000
3,000,000
370,000
370,000
^3,500,000
1,000,000
1,500,000
1,000,000
2,000,000
1,000,000
$1,500,000
1,500,000
1,900,000 $3,666,666
9,500,000
2,000,000
5,500,000
1,235,000
$1,000,000 3,235,000
495,000
495,000
1,000,000
276,666
270,000
400,000
500,000
500,000
1,500,000
2,500,000

$1,100,000

4,666,666 $1,666,666
1,500,000
1,000,000
3,000,000

. .

BANKS

400,000

31,000,000 4,000,000 2,000,000

3,370,000 7,000,000 1,500,000 1,000,000 49,870,000

Under provisions of law the greater part of the taxes in the
District of Columbia is paid during the month of May and the collections are deposited in the Treasury of the United States. A large
Eart of the money required for the purpose is withdrawn from local
anks by the taxpayers, and as it is not returned to circulation
immediately, the Secretary of the Treasury, in order to avoid a stringency in local financial conditions, decided to temporarily increase
the deposits of public moneys in local national banks, and on May 1
$4,220,000 was apportioned and transferred to the. depositaries, 10
per cent of the same to be returned monthly after the 1st of July.
By means of the foregoing measures the balance in depositary
banks to the credit of the Treasurer at the end of April was
$90,954,996.86, and by May 5 it had been increased to $102,708,123.19,
the highest point reached during the fiscal year 1906, after which the
amount was gradually reduced to $81,101,775.33 by June 30, 1906.
During the latter part of July in the current fiscal year the return to
the Treasury by banks of the temporary deposits made in March and
May, and the deposit of proceeds of the Panama Canal bond sale
increased the cash holdings of the Treasury beyond its immediate
requirements. The Secretary of the Treasury, in order to afford the
largest measure of relief to aid in the movement of the unusual crops
of the country, utilized the national banks for an increase of the public deposits for the purpose. The balance of public moneys, by the
end of August, in national banks to the credit of the Treasurer had
grown to $96,217,044.76.
Early in September the conditions in the money market were such
that gold imports were facilitated by the Secretary of the Treasury
under the terms and limitations granted for like purposes in April
receding. The amount of gold imported on this occasion by the
anks was $34,119,000 to October 15, 1906.

E




The temporary deposits made with banks importing gold, and return of the same to the Treasury, may be
. observed in the statement following:
AMOUNT OF PUBLIC MONEYS TEMPORARILY

Date.

National
City Bank,
New York.

Total...




Chase N a tional Bank,
New York.

National
B a n k of
Commerce,
New York.

$250,000

GOLD.

B a n k of
New York Fourth NaNational
First NaN
on l
t i o n a l B a n k , B a naktiin g aA s - t i o n a l B a n k , S h a w m u t
Bank, BosNew York.
New York.
sociation,
ton.
New York.

$2,425,000
3,315,000

Total.

»

1906.
September 10..
S e p t e m b e r 11
September 12..
S e p t e m b e r 13
September 14..
S e p t e i n b e r 15
S e p t e m b e r 17
S e p t e m b e r 18.
S e p t e m b e r 19
S e p t e m b e r 20
S e p t e m b e r 21
S e p t e m b e r 22
S e p t e m b e r 24
Septeinber 2 5 . .
S e p t e m b e r 26
September 27..
S e p t e m b e r 28
October 1
October 2
October 3
October 4
October 5
October 6
October 8
October 9
O c t o b e r 10

Hanover
National
Bank, New
York.

DEPOSITED WITH NATIONAL BANKS IMPORTING

$4,750,000
2,000,000
810,000
1,370,000
1,775,000
798,000
675,000

$250,000

725,666

48,000

$450,000
$2,000,000
$1,930,000
• 600,000

$480,000

3,133,000
1,146,000
500,000
295,000
150,000
2,047,000

720,000

1,766,666

360,000

120,000

430,000
750,000
200,000
1,500,000

2,100,000
350,000
75,000
430,000
249,000
1,000,000
500,000

270,000
400,000
265,000

865,000
250,000
600,000
1,350,000

200,000
25,078,000

.

1

298,000

2,800,000

9,105,000 1

2. .340.000

1,170,000

3,815,000

2,000,000

$7,875,000
7,315,000
2,740,000
1,970,000
1,775,000
798,000
925,000
480,000
1,493,000
5,313,000
1,576,000
500,000
1,045,000
350,000
2,047,000
1,500,000
270, O C
O
2,500,000
1,480,000
75,000
680,000
849,000
1,000,000
500,000
1,350,000
200,000

pi

>
ZP

46,606,000

CO

A M O U N T O F P U B L I C M O N E Y S R E T U R N E D TO T H E TREASURY BY NATIONAL B A N K S IMPORTING GOLD.
•

Hanover
National
Bank, New
York.

National
City Bank,
New York.

Date.

Cbase National Bank,
New York.

National
B a n k of
Commerce,
New York.

t^0
O

B a n k of
New York
National
Fourtli NaFirst NaNational
Sha\\Tnut
tional Bank, Banking As- tional Bank, • Bank, BosNew York.
New York.
sociation,
ton.
New York.

Total.

1906.
$450,000

§4,000,000
2,000,000

$5,365,000
45,000

1,666,666

$1,930,000
$250,000

1,250,000
498,000

."

,,
$265,000

$2,000,000

285,000
190,000
6,699

500,000

3,075,000

895,000
629,000
.

Returned
Balance
Total




61,215
42,086

33,000
1,666,666
610,000

$1,350,000
.

iii
ii

1
j

Cncocn tOC/5

S e p t e m b e r 20
S e p t e m b e r 21
S e p t e m b e r 22
S e p t e m b e r 24
S e p t e m b e r 25
S e p t e m b e r 26
S e p t e m b e r 28
October 1
October 2.. .
October 3
October 4..
October 6
Octobers
October 9
O c t o b e r 10
O c t o b e r 11
O c t o b e r 12
O c t o b e r 13.
O c t o b e r 15

890,000
480,000

\

1,200,000
575,000
2.50,000

160,000
150,000

155,000

$4,4.50,000
7,365,000
45,000
4,930,000
1,785,000
688,000
271,699
3,575,000
895,000
629,000
94, 215
1,042,086
1,960,000
890,000
835,000
1,460,000
1,235,000
900,000
1,069,000

16,591,000
8,487,000

298,000

2,200,000
600,000

7,465,000
1,640,000

1,500,000
840,000.

. 450,000
720,000

3,615,000
200,000

2,000,000

34,119.000
12,487,000

25,078,000

298,000-

2,800,000

9,105,000

2,340,000

1,170,000

3,815,000

2,000,000

46,606,000

Pi

o
pi
H

O

a
ZP

121

TREASURER.

The accumulation of money in the vaults of the Treasury continued
near the close of September, showing a very large excess of receipts
over expenditures. Under such conditions on September 27 the
Secretary of the Treasury announced that $26,000,000 of the public
moneys would be deposited with existing depositary banks in the
following-named cities:
New York
Boston
St. Louis
Baltimore
Kansas City
Pittsburg.
MinneapolisDetroit
St. Paul
Des Moines..
Sioux City..
Peoria
.
Nashville
Chicago.

$3, 000, 000
2, 000, 000
2, 000, 000
1, 000, 000
1, 000, 000
500, 000
500,000
500, 000
500, 000
500, 000
500, 000
500, 000
500,000
3,000,000

Philadelphia
JSiew Orleans
Louisville
Cleveland
Buffalo.
Milwaukee..
Cincinnati..
Omaha
Denver
Memphis...
Atlanta
Sioux FallsTotal.

$2, 000, 000
2, 000, 000
1,000, 000
1,000, 000
500, 000
500, 000
500, 000
500, 000
500, 000
500, 000
500, 000
500, 000
26, 000, 000

stating that—
Security in bonds wliich are lawful investments for savings banks of New York and Massachusetts will be accepted for these deposits at 90 per cent of market value. The deposits
are temporary in character, to be returned as soon as the pressure is over, beginning, probably, February 1, next.

The balance in depositary banks to the credit of the Treasurer at
the end of September was $124,088,475.42, and by October 15 the
amount had increased to $144,907,857.41.
GENERAL STOCK OF MONEY IN THE UNITED STATES.

The monetary stock of the country at the close of the fiscal year
1906 was $3,069,976,591, an increase of $186,866,727 as compared
with that of twelve months earlier. The growth in gold was
$118,050,777, in silver $5,450,396, and in national-bank notes
$65,392,554, while Treasury notes declined $2,027,000. There was
no change in the volume of United States notes.
By October 1 the general stock of money had advanced to
$3,148,732,552.




122

REPORT ON T H E FINANCES.

The amount of each kind of money embraced in the general stock
is given here:
.^
MONETARY STOCK.

[This statement represents the monetary stock of the United States, as shown by the revised statements for June 30, 1905 and 1906.]
In Treasury
and mints.

Kind.

I n circulation.

Total stock.

J u n e SO, 1905.
Gold coin a n d b u l l i o n
Silver d o l l a r s
S u b s i d i a r y silver

Total notes

$651,063,589
73,584,336
101,437,707

$1,357,655,988
558,815,865
114,824,189

826,085,632

2,031,296,042

14,260,319
140,982
15,690,957

Total metallic
United States notes
T r e a s u r y n o t e s of 1890
Natioiial-bank notes

$706,592,399
485,231,529
13,386, 482
1,205,210,410

.-...

332,420,697
9,272,018
480,028,849

346,681,016
9,413,000
495,719,806

30,092,258

T o t a l certificates

:

851,813,822

1, 647,807,196

2,883,109,864

32,579,220
10,400,292

Gold certificates
Silver c e r t i f i c a t e s . .

821,721,564

1,235,302,668

Aggregate metallic and notes

485,210,749
454,864,708

42,-979,512

Aggregate

940,075,457
2,587,882,653

2,883,109,864

668,655,075
77,001,368
111, 629,504

1,475,706,765
560,865,530
118,224,920

1,297,511, 268

857,285,947

2,154,797,215

10,740,796
48,680
13,111, 122

335,9.40,220
7,337,320
548,001,238

346,681,016
7,386,000
561,112,360

J u n e 30, 1906.
Gold coin a n d b u l l i o n
Silver d o l l a r s
S u b s i d i a r y silver
Total metallic...
United States n o t e s . . . .
T r e a s u r y n o t e s of 1890
National-bank notes..
Total n o t e s ! . .

807,051,690
483,864,162
6,595,416
. .

'

. .

....

. . . .

. .

...

23,900,598

T o t a l certificates

915,179,376

1,748,564,725

3,069,976,591

43,498,020
5,952,946

Gold certificates
Silver certificates

891,278,778

1,321,411,860

Aggregate metallic and notes

516,561,849
471,520,054

49,450,966

Aggregate

988,081,903
2,736,646,628

3,069,976,591

684,268,074
81,662,707
.116,001,510

1,539,840,778
561,229,855
120,056,795

1,339,195,137

881,932,291

2,221,127,428

3,822,418
22,438
9,755,104

342,858,598
6,998,562
564,148,004

346,681,016
7,021,000
573,903,108

Octoher 1, 1906.
Gold c o i n a n d b u l l i o n
Silver d o l l a r s
S u b s i d i a r y silver
Total metallic
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes

855,572,704
479,567,148
4,055,285
.....

....

....
. .

Total notes

13,599,960

Gold certificates
Silver certificates
T o t a l certificates
Aggregate..




.
'.

927,005,124

1,795,937,455

3,148,732,552

39,882,940
4,223,690

:

914,005,164

1,352,795,097

Aggregate metallic and notes

541,857,929
474,338,310

44,106,630

1,016,196,239
2,812,133,694

3,148,732,552

123

TREASURE^.
R A T I O O F GOLD TO T I I E T O T A L S T O C K O F

MONEY.

The extraordinary addition of $118,050,777 in gold to the money
of the country during the past fiscal year raised the ratio of that
metal to the total stock to 48.07 per cent.
In the first quarter of 1907 the ratio of gold to the total stock
attained a maximum at 48.9 per cent.
The ratio of gold to the total stock of money on July 1 in each year
since 1897 is recorded in the table following:
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 FROM J.ULY 1,

1897.

[From the revised statements of the Treasury Hepartment.]
Total stock of
money.
$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
2,883, 109,864
3,069,976,591

July 1, 1897
J u l y l , 1898
July 1, 1899
July 1, 1900
July 1, 1901
July 1, 1902
J u l y l , 1903
July 1, 1904
July 1, 1905
July 1, 1906,

MONEY

IN

Gold.
. $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
1,357, 655,988
1,475,706,765

Per cent.
36.52
41.54
43.99
44.21
45.29
46.52
46.51
47.35
47.09
48.07

CIRCULATION.

The total circulation during the past eight years advanced more
than $898,000,000, of which the gold mines contributed 54.6 per
cent; such an expansion would indicate no peril to the stability of the
currency.
At the close of the fiscal year 1906, the circulation was $2,736,646628, or a per capita of $32.32.
The increase during the year was
$148,763,975, ot which $48,942,586 was in gold coin and certificates,
$30,264,175 in silver coin and certificates, $1,584,825 in United States
notes and Treasury notes, and $67,972,389 in national-bank notes.
By October 1 the total circulation had increased to $2,812,133,694
and the per capita to $33.08, an amxount unparalleled in our history.
The percentage of gold to total circulation became 43.6.




124

iREPORT ON T H E

iFINANCES.

Comparisons for the years since 1890 are presented in this table:
MONEY IN CIRCULATION AT THE END OF EACH FISCAL YEAR FROM
Money in circulation.
Gold coin
n
F i s c a l y e a r . a n d gold cer- S t aUe si t e d t e s
t
no
Nationaltificates.
and Treasury bank notes.
notes.

1890
1891
1892.
18931894
1895. . .
1896
1897.
1898
1899.
1900
1901.
1902
1903...
1904
1905
1906

$505,089,782
527,382,232
549,662, 443
501,177,852
562,316,579
528,019,270
497,103,183
554,875,027
693,762,052
712,393,969
811,539,491
876,827,124
938,793,298
994,519 298
1,111,472,675
1,136,274,338
1,185,216,924

$334,688,977
383,556,064
437,658,596
471,630,040
460,206,031
435,037,154
351,185,115
390,384,139
408,440, 459
421,188,606
392,980,487
377,569,944
364,094,498
353,325,215
346,661,482
341,692,715
343,277,540

$181,604,937
162,221,046
167,221,517
174,669,966
200,219,743
206,953,051
215,168,122
225,544,351
222,990,988
237,805, 439
300,115,112
345,110,801
345,476,516
399,996,709
433,027,836
480,028,849
548,001,238

Silver
certificates,
standard
dollars, a n d
subsidiary.
silver.

Total.

$407,867,574 $1,429,251,270
424,281,365 1,497,440,707
446,804, 631 1,601,347,187
449,223,387 1,596,701,245
438,066,355 1,660,808,708
431,958,998 1,601,968,473
442,978,546 1,506,434,966
469,406,002 1,640,209,519
512,666,396 1,837,859,895
532,683,867 1,904,071,881
550,515,908 2,055,150,998
575,800,093 2,175,307,962
601,026,239 2,249,390,551
619,850,947 2,367,692,169
627,980,867 2,519,142,860
629,886,751 2,587,882,653
660,150,926 2,736,646,628

1890.

Percentage of
gold coin
a n d certificates
capita. t o t o t a l
circulation.
Circulation
per

$22.82
23.42
24.56
24.03
24.52
23.20
21.41
22.87
25.15
25.58
26.94
27.98
28.43
29. 42
30.77
31.08
32.32

35.34
35.22
34.32
31.38
33.85
32.96
32.99
33.82
37.74
37.41
39. 48
40.30
41.73
42.00
44.12
43.90
43.30

NOTE.—Currency certificates, act of June 8, 1872, are included in the amount of United States notes
and Treasury notes during the years wben they wei-e in use.

CIRCULATION

AND

POPULATION.

The population of the United States, it is estimated, has increased
over 8,000,000, or about 10 per cent, since July 1, 1900, and the
money in circulation for the same period has taken on a growth of
more than $681,000,000, or over 33 per cent. The per capita circulation grew in the meantime from $26.94 to $32.32, an increase of
nearly 20 per cent.
Statistics relative to the money in circulation and the population,
by years, may be studied in the annexed table:
I N C R E A S E I N P O P U L A T I O N AND I N C I R C U L A T I O N P E R C A P I T A .

Fiscal y e a r .

1890
1891
1892
1893
1894
1895
1896
1897
1898
1899...
1900
1901
1902
1903
1904
1905.
1906

•
:




Money in
circulation.

$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
2,587,882,653
2,736,646,628

Population.

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
83,260,000
84,662,000

a Decrease.

r
P e r cent of P ien ccent eof
reas
Circulation increase
of circulapo ula
p e r c a p i t a . of i o n pp e r tion per
t
capita per
year.
year.
$22. 82
23.42
24.56
24.03
24.52
23.20
21.41
22.87
25.15
25.58
26.94
27.98
28.43
29.42
30.77
3L08
32.32

2.1
2.1
L9
1.9
1.9
1.9
1.9
1.9
1.9
L9
2.5
1.9
1.7
1.7
1.7
L7
1.7

1.3
2.6
4.-8
a 2.1
2.0
a 5. 3
a 7. 7
6.8
9.9
1.7
5.3
3.8
1.5
3.5
4.5
1.0
3.9

125

TREASURER.
CONDITION OF THE UNITED STATES PAPER

CURRENCY.

The condition of the paper circulation of the country can not be
accurately described b y the experience of this office thru its redemption divisions, for the reason that only the unfit United States
paper currency is redeemed, while all the national-bank notes fit or
unfit for circulation are redeemed upon presentation. However
there is a notable and widespread interest among the public in the
supply of a cleaner or more sanitary currency. The sentiment is a
laudable one and should be attainable, because the expenditure, as
per tables of cost, is b u t a trifle as compared with the beneficent
results. No government can afford to have its currency a source of
conveyance of infectious diseases or a menace in any way to the
public health. The profit it derives from the issuance of currency
is ample compensation for the small expense that this change would
involve. I t is gratifying to note that the House Committee on Banking and Currency have this matter in charge and are making most
painstaking investigation as to the merit of this proposition.
The acuteness of Treasury conditions has been so urgent for lack
of adequate supply of bills of small denominations that banks and
others rather than utilize subtreasuries have remitted direct to the
Treasury for redemption, preferring to pay transportation charges
both ways in order to save time and secure the small denominations
desired. The shortage in the supply of small denominations has had
a tendency to retain the currency much longer in circulation, and
for this reason, the following recommendation from the last annual
report is renewed for consideration of Congress, viz:
I t is suggested that provision should be made that will enlarge the facilities to all holders
to exchange worn for new currency, and in furtherance of this object, section 3932 of the
Revised Statutes may be amended to permit holders of worn and defaced United States
currency to forward the same by registered mail, without charge, to the Treasurer of the
United States for redemption.
UNITED STATES NOTES.

The amount of United States notes, by denominations, issued and
redeemed during the year, and outstanding June 30, 1905, and 1906,
are given in the table following:
Outstanding
June 30,1905.

Denomination.
One dollar
Two dollars
Five dollars
.
Ten dollars
Twenty dollars
Fifty dollars
One liundred dollars
Five bundred dolla rs
One thousand dollp rs
Five thousand dollo vs . . .
Ten thousand dollars
Total
Unknown, destroyed

-

Net.




. . . .

. . . .

Fiscal year 1906.
Issued.

$1,899,017
1,446,981
8,649,100
264-, 347,831 $107,840,000
26,805,012
4,682,325
8,760,750
8,461,000
22,609,000
10,000
10,000

Redeemed.

Outstanding
June 30,1906.

$13,093
13,952
1,706,195
95,839,150
5,519,560
760,150
1,500,900
717,000
1,770,000

$1,885,924
1,433,029
6,942,905
276,348,681
21,285,452
3,922,176
7,259,850
7,744,000
20,839,000
10,000
10,000

347,681,016
1,000,000

107,840,000

107,840,000

347,681,016
1,000,000

346,681,016

107,840,000

107,540,000

346,681,016

126

REPORT ON THE FINANCES.

The amount of United States notes redeemed in gold from January
1, 1879, to June 30, 1906, was $646,608,672, but the volume outstanding is undiminished because of the provisions-of law which require the
notes so redeemed to be paid out again.
TREASURY NOTES OF 1 8 9 0 .

The Treasury notes of 1890 are gradually disappearing; as they are
paid iuto the Treasury they are canceled, under the provisions of the
act of March 14, 1900, and for those received other than for silver
dollars, silver certificates are substituted. The amount redeemed and
retired during the fiscal year 1906 was $2,027,000. The total outstanding, by denominations, September 30, 1906, was $7,021,000,
offset by an ecjual amount of silver dollars held in the trust funds for
their redemption when presented, as may be observed on page 128 of
this report.
GOLD

CERTIFICATES.

The demands for currency in large denominations are met b}^ the
issue of gold certificates against gold coin in the Treasury or for
deposits of gold COID by holders thereof. The volume of these-certificates outstanding at the close of the fiscal year 1906 was $559,779,869,
the highest point reached at the end of any year since the issue began
in 1865.
, *
The following statement shows the amount of each denomination
issued and redeemed during the year, and the amounts outstanding
June 30, 1905, and 1906:
*
Outstanding
June 30,1905.

Denomination.
Twenty dollars
Fifty dollars
One hundred dollars..
Fivehundred dollarsOne thousand dollars.
Five thousand dollars
Ten thousand dollars

Fiscal year 1906.
Issued.

Outstanding
June 30,1906.

4,900,000
11,200,000
5,750,000
83,980,000

$42,315,000
10,086,600
14,363,500
3,603,000
8,947,000
2,045,000
77,270,000

$198,132,164
43,397,855
63,596,350
15,739,00(1
59,684,500
58,360,000
120,870,000

200,830,000

158,630,100

559,779,869

$174,447,164
41,284,455
61,159,850
14,442,000
57,431,500
54,655,000
114,160,000

$66,000,000
12,200,000
16,800,000

517,579,969

Total

Redeemed.

By October 15 the volume of gold certificates outstanding had
advanced to $610,611,869.
SILVER

CERTIFICATES.

The volume of silver certificates outstanding increased during the
fiscal year from $465,265,000 to $477,473,000, and this growth was
entirely in denominations of $5 and under.
The right to increase the amount of silver certificates outstanding
depends entirely on the amount of free silver dollars in the Treasury.
The supply is limited, and the Treasury is without resources to meet
the demand for small bills. The silver certificates of the denominations of $10 and above as they are redeemed are reissued in denominations of $5 and under.




127

TREASURER.

The extent of changes made in the denominations outstanding
during the fiscal year 1906 may be studied in the annexed table:
Denomination.
One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
.Fifty dollars
One bundred dollars.
Five hundred dollars.
One thousand dollars

Outstanding
June 30,1905.

Fiscal year 1906.
Issued.

Redeemed.

•Outstanding
June 30,1906.

$90,105,074
48,189,388
284,972,117
24,361,521
12,891,120
3,395,660
1,232,620
42,500
75,000

$91,596,877
41,561,298
164,148,335
7,510,110
3,014,480
910,700
190,200
4,000
12,000

$101,020,197
47,172,090
298,923,782
16,851,411
9,876,640
2,484,960
1,042,420
38,500
63,000

• 465,265,000

Total

$102,512,000
40,544,000
178,100,000

321,156,000

308,948,000

477,473,000

CHANGES IN DENOMINATIONS.

The total amount of United States notes. Treasury notes of 4890,
gold certificates, and silver certificates, of each denomination issued
and redeemed during the fiscal year 1906 and outstanding June 30,
1905 and 1906, is shown in the subjoined table:
Denomination.
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




Outstanding
June 30, 1905.

Fiscal year 1906—
Issued.

$92,551,844 $102,512,000
40,544,000
50,040,811
295,743,932
178,100,000
292, 445,592
107,840,000
215,897, 646
66,000,000
12,200,000
49, 400,940
16,800,000
71,579,220
4,900,000
22,945, 500
11,200,000
80, 498, 500
54,665,000
5,750,000
114,170,000
83,980,000

Redeemed.

Outstanding
June 30, 1906.

$91,661,640
41,623,185
166,318, 545
104,293,290
51,239,140.
11,764,200
16,119,100
4,324,000
10,787,000
2,045,000
77,270,000

$103,402,204
48,961,626
307,525; 387
295,992,302
230,658,506
49,836,740
72,260,120
23,521,500
80,911,500
58,370,000
120,880,000

1,339,938,985
1,000,000

629,826,000

577,445,100

1,392,319,885
1,000,000

1,338,938,985

629,826,000

577,445,100

1,391,319,885

128

REPORT ON T H E FINANCES.

PAPER CURRENCY, BY DENOMINATIONS, OUTSTANDING SEPTEMBER 3 0 ,

1906.
The denominations of each kind of paper currency outstanding may
be observed in the monthly statement for September, 1906:
Denomination.

United States
notes.

Treasury
n o t e s of
1890.

National
bank notes.

Gold certificates.

Silver certificates.

Total.

$344,352
$103,641,057
$106,355,763
50,940,826
164,802
48,997,790
297,640, 472 ., 392,252,117
86,368,245
538,239,522
15,620,821
241,639,580
419,269,946
9,306,080
183,137,720 $205,201,164
70,654,940
44,807, 455
2,254,860
19,785,750
114,987,320
64,445,750
1,002, 420
42,305,100
23,534,000
15,753,000
38, 500
93,500
79,793, 500
58,713,500
60,000
24,000
62,620,000
62,610,000
130,220,000
130,210,000
40,059
40,059

One d o l l a r
T w o dollars
Five dollars
Ten dollars
T w e n t y dollars
Fiftydollars
One h u n d r e d d o l l a r s . .
Five hundred dollars .
One t h o u s a n d d o l l a r s .
Five thousand dollars.
Ten thousand dollars.
Fractional parts .

$1,882,988
1,430,430
6,664,200
278,357,911
20,334,812
3,777,125
6,889,550
7,649,000
20,675,000
10,000
10,000

$487,366
347,804
1,579,200
2,621,210
1,290,170
29,750
344, 500

Total...
Unknown, destroyed .

347,681,016
1,000,000

7,021,000

573,903,108

581,740,869

478,562,000

1,988,907,993
1,000,000

346,681,016

7,021,000

573,903,108

581,740,869

478,562,000

1,987,907,993

Net

'.

321,000

RATIO O F SMALL D E N O M I N A T I O N TO ALL PAPER C U R R E N C Y .

The percentage of small denominations to the total paper currency
is shown in the subjoined statement:
Denominations of $10 and less.
Total paper
currency.

Date.

J u l y l , 1897
J u l y l , 1893
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....
July 1, 1905
J u l y l , 1906
October 1, 1906

DEMAND

$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
1,835,868,791
1,953,712,245
1,988, 907,993

FOR

One
dollar.

Two
dollars.

3.96
4.36
4.88
4.36
4.34
4.63
4.97
4.71
5.06
5.31
5.34

SMALL D E N O M I N A T I O N S

2.57
2.80
2. 98"
2.74
2.74
2.77
2.83
2.66
2.73
2.51
2.56

OF

Five
dollars,

Ten
dollars.

22.86
24.19
25.10
21.20
20.72
21.34
21.10
20. 26
19.83
19.67
19.72

25.56
26.89
28.11
26.72
27.11
27. 44
27. 87
26.94
27.43
27.43
27.11

Total.
54.95
58.24
61.07
55.02
54.91
56.18
56.77
54. 58
55.06
54.93
54 69

CURRENCY.

The amount of paper currency of the smaller denominations that
is actually required in the channels of trade can not be correctly estimated. During the past six years the Treasury has largely increased
the denominations of $10 and under by canceling the larger denominations of United States currency when presented for redemption,
and issuing in their stead the smaller denominations; b u t the limit
seems to have been reached, because the presentation of large denominations of silver certificates has practically ceased, and the available
resources of the Treasury are at a standstill.
From March 1, 1900, to October 1, 1906, the country has absorbed
$367,725,383, or about $56,573,000 annually, in paper money of the
denominations of $10 and under, b u t the needs of business, measured
by the continuous appeals for small notes that have reached the
Treasury during the last fiscal year makes it clear that the supply is
not equal to the demand.



129

TREASURER.

The following comparative statement shows the additions to the
denominations of $10 and under since March 1, 1900:
OutstandingDenomination.
One dollar
Two dollars
Five dollars
Ten dollars

Oct. 1, 1906.

$58,546,413
37,028,695
295,570,315
328,917, 422

$106,355,763
50,940,826
392,252,117
538,239,522

$47,809,350
13,912,131
96,681,802
209,322,100

720,062,845

1,087,788,228

367,725,383

'

Total

Increase.

Mar. 1, 1900.

:

The total amount of national bank notes outstanding on October 1,
1906, was $573,903,108, of which $86,369,245 was in the denomination of $5, as against $191,301,036 allowed under the law, making a
deficit in the normal suppl}^ of more than $104,000,000 in $5 notes.
At present the national banks, in response to the appeal of the
Secretary of the Treasury, are issuing a greater number of $5 notes,
and since June 30, 1906, have increased the volume of that denomination outstanding by $9,479,070.
Experience, however, in recent years demonstrates the fact that
many of the national banks are reluctant to issue $5 notes, though
there is constant demand for an increased supply of that denomination in every section of the country.
CONGRESS CAN PROVIDE

REMEDIES.

The National Government furnishes nearly three-fourths of the
paper circulation, and the supply of denominations should respond
to the demands of the public. The pressure from bankers and others
for a larger and regular supply of small denominations of currency
continues unabated, with the Treasury unable under existing law to
comply with their urgent requests. The sentiment of the country
seems so unanimous for a rectification of this untoward condition
that it is naturally to be expected that Congress will ultimately enact
the legislation that it has under consideration, which will bring full
relief to Treasury conditions and add to the volume of small denominations without infiating the currency.
COST OF PAPER

CURRENCY.

Many inquiries reach the Treasury relative to the cost attending
the production, issue, and redemption of United States paper currency. A careful and searching investigation upon the experience
of the fiscal year .1906, with due allowance for every item of expense
incident thereto, shows the average cost for each piece to be 1.571
cents.




130

REPORT ON T H E FINANCES.

The details of the reckoning may be followed here:
Cost of each 1,000 sheets of paper delivered to i h e Bureau of Engraving and
Printing
Cost of engraving and printing each 1,000 sheets (4,000 notes) of perfect work,
delivered to the Treasurer of the United States
Cost of sealing, separating, bundling, and issuing each 1,000 sheets (4,000 notes)..

42. 09
6. 00

Total average expense of 4,000 notes issued
Total average expense of 4,000 notes redeemed

54. 04
8. 80

Aggregate average expense of issue and redemption
Average expense of issue and redemption of each note

$5. 95

62. 84
0. 01571

The cost of maintenance of the United. States paper currency,
based upon the average expenses of issue and redemption, is set
forth in the following table:
EXPENSES OF ISSUE AND

REDEMPTION.
Cost p e r
1,000
pieces.

N u m b e r of
pieces.

Fiscal y e a r .

Total cost.

1905.
Issued
Redeemed

169,259,812
158,734,031

:

$13. 51
2.20

Total

2,635,914.93
1906.t.

Issued
Redeemed

172,930,548
159,152,273

13.51
2.20

Total

2,336,291.69
350,135.00
2,686,426.69

UNITED STATES PAPER CURRENCY OUTSTANDING

Fiscal y e a r .

1905
1906

$2,286,700.06
349,214.87

:
:




:.

AND COST OF

MAINTENANCE.

Amount.

:

$1,338,938,985
1,391,319,885

Cost of
maintenance.
P e r cent.
0.196
193

131

TREASURER.
AVERAGE LIFE OF PAPER CURRENCY.

Calculations relative to the length of service of the different kinds
and denominations of paper currency are embodied in the annexed
table:
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 A p r . 22, 1862):
One d o l l a r
T w o dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One t h o u s a n d d o l l a r s
Five t h o u s a n d dollars
Ten t h o u s a n d dollars
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 d o l l a r
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One t h o u s a n d d o l l a r s
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 d o l l a r s
Five h u n d r e d dollars
One t h o u s a n d d o l l a r s
Five t h o u s a n d dollars
Ten 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
T w o dollars
Five dollars
'
Ten dollars
T w e n t y dollars
Fifty dollars
One hundred 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 .

Kind and denomination.

N a t i o n a l - b a n k n o t e s (issue b e g a n Dec. 21, 1863)
One dollar
T w o dollars
Five dollars
Ten dollars
.'
T w e n t y dollars
Fifty dollars
One h u n d r e d d o l l a r s
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




Calculated
Total n u m - aggregate num- Resulting
average
b e r of n o t e s
b e r of life
lifetime of
y e a r s expeissued t o
each n o t e
J u n e 30,1906. rienced w h e n
in years.
redeemed.

188; 364,160
93, 381,524
118, 564,352
120; 853,124
26; 434,120
940,304
1, 917,140
438,552
414,548
4,000
4,000

575,167,823
296,974,390
517,543,512
444,171,862
•156,466,336
17,805,192
11,657,336
1,615,202
1,629,166
1,302
641

3. 053
3.180
4.365
3.675
5.919
6.058
6.080
3.683
3.929
.325
.160

553,315,824

2,023,032,762

3. 656

64,704,000
24,904,000
24,148,000
10,468,000
1,788,000
23,500
180,000

110,475,329
45,862,712
70,317,284
38,097,164
6,952.269
85,547
641,469

1.707
1.873
2.911
3.639
3.888
3.640
3.563

52,568
126,268,068

100,112
272,531,8

1.904
2.158

20,656,000
2,112,000
1,614,343
185,688
274,881
127,807
105,964

60,785,579
7,081,668
5,155,844
568,422
704,152
180,174
158,619

2.942
3; 353
3.193
• 3.061
2.561
1.409
1. 497

25,076,683

74,634,458

2. 976

706,860,000
181,608,000
289,540,000
57, 451,400
14, 543,300
1,389,000
815,400
33,300
32,490

891,160,790
261,377,922
558,910,293
200,139,770
57,521,819
4,513,704
2,230,769
62,430
45,821

1.260
1.439
1.930
3.483
3.955
3.249
2.735
1.875
1.410

1,252,272,890

1,975,963,318

1.577

Calculated
Total number of n o t e s a g g r e g a t e num-1
b e r of life
issued t o
years expeO c t o b e r 31,
rienced w h e n
1905.
redeemed.

Resulting
average
lifetime of
each n o t e
in years.

23,169,677
7,747,519
190,001,448
113,056,482
36,673,303
3,204,050
2,718,664
23,894
7,379

100,431,285
34,445,838
715,817,845
409,184,003
141,270,469
13,944,638
11,068,865
124,164
24,599

4.334
4.446
3:767
3.619
3.852
4. 352
4.071
5.190
3.333

376,602,416

1,426,311,706

3.787

132

REPORT ON T H E FINANCES.

PAPER CURRENCY PREPARED FOR ISSUE AND AMOUNT ISSUED.

Experience and precaution prompts the preparation of an adequate volume of paper currency of the kinds and denominations
authorized by law in advance of putting it into circulation. Its
wearing qualities are improved by allowing the ink to dry and the
bills to become thoroly seasoned. With the large denominations the
object is easily accomplished; but the smaller denominations have
met with such marked favor and the demands for them are so great
that additional facilities for the production of an increased supply
have been called into requisition for the current fiscal year.
The paper currency prepared for issue and amount issued may be
studied in the tables following:
NUMBER OF PIECES OF PAPER CURRENCY PREPARED FOR ISSUE AND THE NUMBER ISSUED
IN THE FISCAL YEARS 1902, 1903, 1904, 1905, AND 1906.
Prepared for issue.
Number of
notes and
certificates.

Fiscal year

136,721,000
148,446,000
159,463,000
155,389,000
157,425,000

1902
1903
1904
1905
1906

Paper currency issued;

Total value. Average
value.
$591,580,000
617,936,000
762,820,000
510,524,000
602,172,000.

$4.326
4.162
4.783
3.285
3.825

Number of
notes and
certificates.

Total value. Average
value.

116,697,874 $466,905,000
141,235,371 551,038,000
152,908,853 650,026,000
169,259,812
637,540,000
172,930,548
629,826,000

$4.000
3.901
4.251
3.766
3.642

The issues, by months, for the fiscal years 1905 and 1906, and first
quarter of 1907 are stated below:
UNITED STATES PAPER CURRENCY ISSUED DURING THE FISCAL YEARS 1905 AND 1906.
Fiscal year 1905.

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

:..

Total
Per cent of increase over
preceding year




Average
value of Number of
notes and notes and
certifi- certificates.
cates.

Number of
notes and
certificates.

Month.

Fiscal year 1906.

Amount.

Average
value of
notes and
certificates.

13,337,627
13,625,010
14,353,514
14,042,061
12,114,441
14,172,590
14,194,494
13,357,114
14,841,874
14,044,888
15,148,915
16,027,284

$75,278,000
55,138,000
50,292,000
52,398,000
47,092,000
49,812,000
55,036,000
48,672,000
51,212,000
49,480,000
49,090,000
54,040,000

$5.644
4.046
3.503
3.731
3.887
3.514
3.877
3.643
3.450
3.522
3.240
3.371

13,529,282
15,285,443
14,289,485
13,154,668
12,270,338
13,821,681
14,896,080
13,853,734
15,686,152
14,049,802
15,702,436
16,391,447

$50,276,000
55,098,000
46,506,000
51,768,000
46,940,000
46,882,000
69,136,000
48,004,000
52,408,000
51,032,000
56,906,000
54,870,000

$3.716
3.604
3.254
3.935
3.825
3.391
4.641
3.465
3.341
3.632
3.624
3.347

169,259,812

637,540,000

3.766

172,930,548

629,826,000

3.642

10.6

0 1.9

2.1

a 1.2

a Decrease.

133

TEEASUBEE.

UNITED STATES PAPER CURRENCY ISSUED DURING THE FIRST QUARTER OF 1906 AND 1907.
First quarter fiscal year 1906
Number of
notes and
certificates.

Month.

Amount.

First quarter fiscal year 1907.

Average
value of Number of
notes and notes and
certifi- certificates.
cates.

Amount.

Average
value of
notes and
certificates.

July.:
August
September

13,529,282
15,285,443
14,289,485

$50,276,000
55,098,000
46,506,000

$3 716
3.604
3.254

13,123,481
14,752,776
11,819,298

$49,422,000
50,508,000
56,684,000

$3.765
3.423
4.795

Total
Per cent of increase over
first quarter, 1906

43,104,210

151,880,000

3.523

39,695,555

156,614,000

3.945

07.9

3.1

a Decrease.
REDEMPTIONS OF PAPER CURRENCY.

The redemptions of currency during the fiscal year 1906 were less
than in 1905, owing to the great demand for money in all sections of
the country, and the reluctance of holders thereof to lose its use
from the channels of trade while in transit to and from the Treasury.
It is also presumed that the inabihty of the Treasury to supply
small denominations except thru redemptions in kind may have had
a tendency to decrease presentations for redemption.
Under present regulations. United States paper currency is redeemed at full face value of the note when not less than three-fifths
of the original proportions remain. Fragments less than three-fifths
are redeemed at face value of the whole note when accompanied by
an affidavit of the owner or other persons having knowledge of the
facts that missing portions have been totally destroyed.
The redemptions, by months, for the fiscal years 1905 and 1906
and first quarter of 1907 are recorded in the following table:
UNITED STATES PAPER CURRENCY REDEEMED DURING THE FISCAL YEARS 1905 AND 1906.
Fiscal year 1906.

Fiscal year 1905.
Month.

July"
August
September
October
November
December
January
February
March
April
Mav
J une
Total
Per cent of increase over
nrecedinff vear

Number of
notes and
certificates.

Amount.

Average
value of Number of
notes and notes and
certifi- certificates.
cates.

•
Amount.

Average
value of
no.tes and
certificates.

12,497,403
13,337 796
11,023,376
11,606 750
11,405 072
13,403 721
14,935 014
14,524 636
14,730 664
12,700 026
14,582,483
13,987,090

$49,293,600
50,976,000
43,403,000
45,621,000
49,217,000
56,438,000
56,955,000
58,424,000
55,735,000
47,673,000
51,979,000
57,312,000

$3,944
3.821
3.937
3.930
4.315
4 210
3.813
4.022
3.104
3.753
3.564
4.097

12,985,971
12,783 169
11,743,695
12,192,257
12,319 511
11,825 823
18,090 389
13,610 970
13,466 002
12,196,407
13,902,486
14,035,593

$48,807,000
45,903,000
45,568,000
46,243,000
46,091,100
45,718,000
65,269,000
45,775,000
47,632,000
42,305,000
48,159,000
49,975,000

$3.758
3.590
3.880
3.792
3.741
3.865
3.607
3.363
3.537
3.468
3.464
3.560

158,734,031

623,026,600

3.924

159,152,273

577,445,100

3.628

6.2

10.2

0.2

o 7.3

H. Doc. 9, 59-2




a Decrease.

134

REPORT ON T H E FINANCES.

UNITED STATES PAPER CURRENCY REDEEMED DURING THE FIRST QUARTER OF 1906 AND

1907.
First quarter fiscal year 1906.
Month.

Number of
notes and
certificates.

Amount.

First quarter fiscal year 1907.

Average
value of Number of
notes and notes and
certificates.
certificates.

Amount.

Average
value of
notes and
certificates.

July
August.
September

12,985,971
12,783,169
11,743,695

$48,807,000
45,903,000
45,568,000

$3.758
3.590
3.880

12,513,181
11,748,889
11,885,582

$45,207,000
41,101,000
47,621,000

$3.612
3.498
4.006

Total
Per cent of increase over
first quarter, 1906

37,512,835

140,278,000

3.739

36,147,652

133,929,000

3.705

a3.6

a4.5

a Decrease.
STANDARD SILVER DOLLARS.

The total stock of standard silver dollars in the country at the
close of the last fiscal year was $560,865,530, of which $483,864,162
were held in the Treasury and $77,001,368 were in circulation.
Eventually the total stock of silver dollars will be increased by
$7,386,000, as that amount of silver dollars are held in the Treasury
against outstanding Treasury notes of 1890—the notes are counted
as stock and not the silver dollars. When the notes are redeemed
and retired the silver dollars are added to the stock.
All of the silver dollars held in the Treasury, except $6,391,162 at
the close of the fiscal year 1906, were covered by Treasury notes and
silver certificates outstanding, and this limited amount of free silver
dollars necessitated instructions to subtreasury offices to receive
Treasury notes of 1890 and silver certificates only for shipments of
this coin.
MOVEMENT OF SILVER DOLLARS.

The large amount., of standard silver dollars delivered to depositors therefor during the fiscal year is not indicative of the preference
for that coin over other kinds of money. Owing to the exhaustion
of the appropriation for paying transportation charges, shipments
during April, May, and June were made at the expense of depositors,
and the decrease in the demand for those months, as compared with
the corresponding period in 1905, is quite significant. The true
explanation of the matter is that the silver dollars are preferred only
when the Government pays the cost of transportation.
The movement, by months, in the past two years and a quarter
is recorded here:




135

TEEASUEEE.

1905.

1906.

July
August
September.

$2,514,897
4,533,547
7,563,357

$3,052,999
5,050,289
6,584,448

$2,582,579
4,299,899
4,786,093

First quarter.
October
:
November
December
January
February
March
April
May
Juiie

14,619,801
6,610,479
4,666,526
3,836,334
1,592,148
1,796,699
3,107,998
2,824,025
2,758,868
3,183,868

14,687,736
5,573,952
4,639,666
4,233,373
1,997,195
2,299,808
6,253,150
468,849
577,999
831,100

11,668,571

44,988,746

41,562,828

Total

1907.

EXCHANGE OF SILVER DOLLARS.

The total amount of silver dollars received on all accounts at subtreasury offices during the fiscal year was $45,472,618, of which
$42,670,867 were for exchange into other kinds of money.
The amounts thus presented at the several offices were:
Fiscal yearOffice.

First quarter—

1906.-

Washington..
Baltimore
New York
Philadelphia..
Boston
Cincinnati
Chicago
St. Louis
New Orleans..
San Francisco

$2,071,515
1,275,340
5,614,174
3,275,663
1,856,460
4,711,145
9,317,572

Total...

1906.

1907.

10,302,150
6,251,000
2,732,130

$1,901,130
1,196,210
5,435,651
3,507,210
1,458,200
5,031,235
9,549,155
8,125,790
4,487,500
1,978,786

.$388,135
286,120
1,253,568
910,574
392,360
1,271,860
2,548,988
1,819,860
597,000
440,849

$375,191
204,210
1,192,436
822,787
306,700
895,060
1,794,557
1,280,750
730,100
357,511

47,407,149

42,670,867

9,909,314

7,959,302

SUBSIDIARY SILVER COIN.

The country absorbs the total amount of subsidiary coins produced by the mints. The stock of these coins in the country on June
30, 1906', was $118,224,920, of which $111,629,504 were in circulation.
The shipments of subsidiary silver from Treasury offices during
the past two years and a quarter, by months, were:.
1905.
July
August .
September

.

First quarter
October
November
December
January
February
.
March
April
May
June

$1,808,117.30
2,793, 410.80
3,680,656.20

..
•.
.
.

Total




1906.
$2,173,325.20
3,085,898.60
3,650,375.20

$2,246,930.60
2,960,175.60
3,878,762.40

8,282,184.30
3,254,560.50
2,557,324.60
2,356,705.30
1,051,790.40
1,290,605.60
1,931,394.50
2,127,261.00
2,227,392.60
2,526,966.00

8,909,599.00
3,265,396.90
2,645,130.10
2,451,046.00
1,166,670.90
1,526,540.10
4,561,447.60
753,760.20
1,885,370.10
2,213,670.50

9,085,868.60

27,606,184.80

29,378,631.40

1907.

136

REPORT ON T H E FINANCES.

Subsidiary silver coin is redeemable in the lawful money of the
United States, and during the months from January to July large
amounts of the coins are returned to the Treasury for redemption,
but it is again distributed either by shipments to depositors therefor
or paid over the counter at Treasury offices in exchange for other
kinds of money during the later months of the year.
The amount of subsidiary silver redeemed at the Treasury offices
for the fiscal years 1905 and 1906 and the first quarter of 1907 was:
Fiscal yearOffice.

1905.

First quarter—
1906.

Washington..
Baltimore
New York
Philadelphia..
Boston
Cincinnati
Chicago
St. L o u i s . . . . .
New Orleans..
San Francisco

$2,422,187
2,602,480
18,697,849
6,392,015
1,845,130
2,226,605
4,796,869
5,725,365
1,322,290
2,464,806

$2,359,833
2,680,620

Total...

48,495,596

43,925,267

16,567,187
5,825,604
1,768,010
2, 111, 595
5,101,194
3,989,820
1,176,155
2,345,249

$580,823
669,650
4,426,198
1,571,562
466,060
542,460
1,384,206

1907.

331,320

$459,911
689,300
3,647,748
1,314,063
370,671
501,940
1,273,338
976,240
193,731
951,547

11,177,009

10,378,489

960,430
244,300

MINOR COIN.

The minor coins are in great favor, and in order to meet the
demands for them the Mint Bureau made an addition of $3,198,282.30
to the coinage during the last fiscal year, of which $895,884.80 was
in bronze cents, and of $2,302,397.50 in nickel 5-cent pieces.
In the following statement may be observed the amount of each
denomination of minor coin outstanding at the close of the fiscal
years 1905 and 1906:
Denomination.
Copper cents
Copper half cents
Cooper-nickel cents
Bronze 1-cent pieces
Bronze 2-cent pieces
Nickel 3-cent pieces . .
Nickel 5-cent pieces
Total

.




Outstanding
June 30, 1905.
$1,182,961.00
39,926.11
1,207,571.03
13,679,587.64
573,364.78
625,349.66
22,704,201.60
40,012,961.82

Fiscal year 1906.
Coined.

Remelted.

. Outstanding
June 30, 1906.

2,302,397.50

683.25
31,752.14
210.50
333.75
147,275.00

$1,182,792.14
39,926.11
1,206,887.78
14,543,720.30
573,154.28
625 015 91
24,859,324.10

3,198,282.30

180,423.50

. 43,030,820.62

$168.86
$895,884.80

137

TREASURER.

The amount of minor coin distributed, by offices, to depositors
therefor during 1905 and 1906, and first quarter of 1907, is stated
here:
Fiscal year 1905.

Fiscal year 1906.

Expense
of transportation.

Office.

Washington
Baltimore
Boston
Chicago
,..
Cincinnati
New Orleans
NewYork
Philadelphia
San Francisco
St. Louis
Mint, Philadelphia...
Mint, San Francisco.

Expense
of transportation.

$88,545. 60
31,665. 00
144,785.00
377.652.00
112,004.90
79,509.00
492,625.00
295,320.00
350. 00
227,985.90
1,485,731. 20

$1,658.05
482. 49
2,622. 60
7,643. 72
1,819.26
479.20
4,982.38
5,995.60
832. 75
5,428.81
39,426.33
27.95

3,336,173. 60

Total

$74,719. 40
$1, 468. 58
390. 75
29,814.00
• 1,770.30
170,455.00
5,228.90
.532,233.00
1,390. 80
186,067.80
1.69
74, 489.00
4,432.20
356; 005.90
5,931.01
221,620.00
5.15
74,125.00
3,952.95
299,507.00
26,036. 32 1,741,492. 40
1,650.00
50,608. 65 3,762,178. 50

71,399.14

First quarter of 1906.

Office.

First quarter of 1907.

$26,186.00
5,780.00
50,070.00
107,780.00
34,925.90
12,600.00
131,150.00
76,365.00
11,780.00
75,707.00
434,950.00

Total

$682. 86
64.20
973. 40
1,496.05
362. 44
10.00
1,408. 75
1,941.10
163.09
1,511.16
8,295. 80

$19,811. 50
10,230.00
54,040.00
227,321.00
80,884.00
44..110.00
118,085.00
100,904.40
39,965.00
129,245.00
177,635.00

967,293.90

Washington
Baltimore
Boston
Chicago
Cincinnati
New Orleans
New York
Philadelphia
San Francisco
St. Louis
Mint, Philadelphia

16,908.85

1,002,230.90

$294.17
128.50
501.30
3,197.02
834.09
510. 45
1,157.18
1,458. 79
558.90
2,461.95
J15,162.98
26,265.33

oThechargeagainst the mint, Philadelphia, covers the expense of transfers from that point to supply other offices.
REDEMPTION

OF MINOR

COINS.

.

Minor coins are redeemable in the lawful money of the United
States, and the amount presented for redemption at each of the
Treasury offices for the fiscal years 1905 and 1906, and the first quarter of 1907, is recorded in the annexed table:
Fiscal year—
Oflice.
Washington
Baltimore
Boston
Chicago
Cincimiati.
New Orleans
New York
Philadelphia
San Francisco
St. Louis




1906.

1907.

1905.

. .

Total . . . .

First quarter—

. .

1906.

$320,156
708. 920
303,410
575,793
381,635
53,138
2,474,986
756,561
56,168
383,295

$327,186
784,000
394,000
614,810
395, 340
49,893
2,258,610
778,766
29, 568
339,965

$78,095
198,370
82,830
149,506
100,640
14,435
575,635
175,180
8,829
75,655

$83,630
216, 470
93,34"0
124,949
95,265
14,289
543,583
175,505
4,857
83,359

6,014,062

5,972,138

1,451,760

1,435,247

138

REPORT ON T H E FINANCES.
THE EARTHQUAKE AT SAN FRANCISCO.

An earthquake, the like of which has not been experienced in any
other part of the country, occurred at San Francisco April 18, 1906,
followed by the worstffi^ein the history of the United States. Within
four days the-greater part of the city was consumed, including nearly
all of the public buildings, banks, and hotels. The subtreasury was
burned, and the treasure therein locked in vaults buried under fallen
walls was for a time unavailable.
The mint of the United States Avith its $300,000,000 of coin and
bullion was saved thru the vigilance and forethought of the superintendent, Frank A. Leach, who rendered inestimable service immediately after the conflagration had subsided. The mint was opened
for the transaction of business April 23, and the assistant treasurer
of the United States, Julius Jacobs, laboring under great difficulties,
gathered his scattered force, and tho in a crippled condition was
furnished with office accommodations in the mint building and
resumed business on April 27, 1906.
Contributions for the relief of the stricken city, as well as moneys
withdrawn from eastern correspondents by the banks of San Francisco, were received at all Treasury offices, and payments in like
amounts were made thru the medium of the general fund by the
mint at San Francisco upon telegraphic advice from the Treasurer of
the United States.
The amounts thus deposited were as follows:
Washington
New York
Boston
Chicago
New Orleans
Baltimore...

$281, 219. 00
37,189,885. 00
257,727.20
1,704, 704.61
13,120.15
16,365.25

Philadelphia
Cincinnati
St. Louis

$182, 761. 69
79,813.34
101, 813. 20

Total

39,827, 409. 44

Of the foregoing amount, $2,467,065 was returned to the depositors,
leaving a net payment at San Francisco of $37,360,344.44. The cost
of the telegram in each instance was the only expense attending these
transfers, and there was no delay in making payment. This is
another instance in which the moneys in the Treasury were utilized
to relieve distress immediately, and no bank or combination of banks
could have rendered the service so quickly.
MONEY FOR MOVING THE CROPS.

Owing to the limited resources of the Treasury for the issue of small
denominations of currency, it has not been able to render the usual
facilities in the movement of the crops, but during the last year when
deposits were made in the kinds of currency needed at the point of
payment, the amounts have been transferred promptly thru the
medium of the general account.




139

TREASURER.

The amounts received in New York and transferred during 1904,
1905, and 1906 are recorded in the following table, by offices and
months:
Gold coin and United States
notes.
certificates.

Transactions.
1904—Receipts:
In January
In February..
In March
In April
In May
In June.
In July
In August
In September
In October
In November
In December
Total

.

Silver certificates.

Total.

-

•

$650,000
2,345,000
600,000
100,000
250,000
2,735,222

.

Paid by the Treasurer and assistant
treaisurers of the United States:
Washington—
In June
I n October

$50,000

100,000
50,000

50,000

100,000

150,000

60,000
25,000

$190,000
40,000

155,000
35,000

405,000
100,000

85,000

.

Total
Boston—
In October
Cincinnati—
In September
Chicago—
In March
In August
In September
In October
In November

27,650,222

100,000

Total
Baltimore—
In February
In October

2,000,000
7,075,000
2,835,000
4,530,000
4,530,000

27,650,222

. . . .

$650,000
2,345,000
600,000
100,000
250,000
2,735,222

2,000,000
7,075,000
2,835,000
4,530,000
4,530,000

.

230,000

190,000

505,000
500,000

500,000
250,000

25,000

25,000

300,000

300,000
970,000
695,000
1,000,000
400,000

180,000
145,000

350,656
10,000

300,000
1,500,000
850,000
1,000,000
400,000

3,365,000

325,000

360,000

4,050,000

420,000
1,375,000
240,000
100,000
320,000
380,000
2,462,000
705,000
1,850,000
890,000

145,000
160,000

^5,000
405,000
60,000

55,000
80,000
810,000
260,000
320,000
40,000

125,000
40,000
653,000
220,000
110,000

650,000
1,940,000
300,000
100,000
500,000
500,000
3,925,000
1,185,000
2,280,000
930,000

Total

8,742,000

1,870,000

1,698,000

San Francisco—
In May
In June
In September
In November
In December

250,000
2,135,222
2,000,000
1,850,000
3,600,000

..

•

Total
New Orleans—
In Januiary
I n February
In March
In April
In June.
In August
In September
In October
In November
In December

.

Total .




. . . .

1

9,835,222

12,310,600
250,000
2,135,222
2,000,000
1,850,000
3,600,000

1

9,835,222

140

REPORT ON T H E FINANCES.
Gold coin and United States
notes.
. certificates.

Transactions.
1905—Receipts:
In January
In March
In April
In May
In June .
,
In July
In August
In September
I h October
In November
In December

.

.

.

.

. .

Total

$1,013,034
440,000
750,000
4,100,000
2,700,000
.1,040,000
4,995,000
2,000,000
4,255,000
7,375,000
6,950,000

$65,000

. Total

.. Total.

$1,013,034
505,000
750,000
4,100,000
2,700,000
1,040,000
4,995,000
2,000,000
4,255,000
7,375,000
6,950,000

65,000

35,618,034

Paid by the Treasurer and assistant
treasurers of the United States:
. Cincinnati—
In March
In September
In October

Silver certificates.

35,683,034

280,000
44,000
250,000

$59,000
19,000
40,000

16,000
37,000
10,000

355,000
100,000
300,000

574,000

118,000

63,000

755,000

New Orleans—
In March
In May
In J u n e . .
In July
In August
In September
In October
In November
In Deceinber

120,000
100,000
370,000
860,000
1,495,000
350,000
1,689,000
2,465,000
1,450,000

28,000

2,000

150,000
100,000
400,000
1,040,000
1,495,000
700,000
, 2,380,000
2,675,000
1,450,000

30,000
110,000

70,000

170,000
382,000
190,000

180,000
309,000
20,000

910,000

581,000

Total

8,899,000

San Francisco—
In January
In April
In May.
In June
In September
•In November
In December

1,013,034
750,000
4,000,000
2,300,000
500,000
3,400,000
4,000,000

1,013,034
750,000
4,000,000
2,300,000
500,000
3,400,000
4,000,000

Total

15,963,034

15,963,034

Baltimore—
In S e p t e m b e r . . .
Chicago—
In August
In October. <*.
In November
In December

10,390,000

40,000

100,000

2,800,000
900,000
500,000
1,500,000

.

60,000

550,000
100,000

150,000

3,500,000
1,000,000
500,000
1,500,000

Total... .

5,700,000

650,000

150,000

6,500,000

St. Louis—
In September
In October.
In November

220,000
266,000
470,000

200,000
174,000
270,000

180,000
135,000
. 60,000

600,000
575,000
800,000

Total

956,000

644,000

375,000

1,975,000

350,000

350,000

900,000
• 3,450,000
300,000
200,000
1,050,000
3,450,000
7,235,000

100,000

900 000
3,450,000
300,000
200,000
1,050,000
3,450,000
7,335,000

16,935,000

100,000

17,035,000

1906—Receipts:
In January
In February
In March
In April
In May.
In June
In July
In August
In September
Total




. .

..

• °

141

TREASURER.
Gold coin and United States
certificates.
notes. •

Transactions.
Paid by the Treasurer and assistant
treasurers of the United States:
Washington—
In April

Silver certificates.

$300,000

Cincinnati—
In January
In March

Total.

$300,000

345,000
400,000

$5,000

350,000
400,000

Total

745,000

5,000

750,000

New Orleans—
In April
In May
In June
In July
In August
In September

900,000
300,000
100,000
200,000
250,000
755,000

50,000
40,000

$80,000

900,000
300,000
100,000
200,000
300,000
875,000

2,505,000

90,000

80,000

2,675,000

Total
San Francisco—
In March
In April
..:
In June
In July
In August
In September
Total
Chicago—
In April
St. Louis—
In August
In September

^

500,000
1,750,000
100,000
850,000
2,750,000
6,310,000
12,260,000

:

12,260,000

.500,000

:...

500,000
1,750,000
100,000
850,000
2,750,000
6,310,000

500,000

250,000
90,000

Total

130,000
40,000

20,000
20,000

400,000
150,000

340,000

. .

170,000

40,000

550,000

DEPOSITS OF GOLD BULLION AT MINTS AND ASSAY OFFICES FISCAL

YEARS 1904, 1905, AND 1906.
The new product of the mines or original deposits of gold bullion
at the mints and assay offices during the fiscal years 1904, 1905,
and 1906 may be observed in the statement following:
Olfice.
Philadelphia...
San Francisco
NewOrleans
New York
Denver
Carson
Boise
Helena
Charlotte
St. Louis
Deadwood...
Seattle

. . . .

Total

1904.

:

$1,654,111.24
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
953,663.65
17,227,396.49
175,593,565.77

1905.

1906.

$2,449,309.64 ' $2,040,242.66
48,817,162.46
35,808, 830.73
568,394.02
737, 333.54
46,146, 494.96
64,345,-645.58
25,830, 358.12
22,202,567.00
735,974.22
293, 287. 44
811,377.41
1,035,764.56
2,476,999.09 . 2,341,811.92
229, 582.49
255,062.73
425,041.58
220, 810.55
1,043,181.54
548,188.95
14,935,825.25
17,945,146.16
140,649,090.27

151,595,202.33

For the deposits of gold bullion in the mints and assay offices the
depositors are paid in coin, or by checks on the local assistant treasurer, in subtreasury cities, and at other places by checks on local
depositary banks, or by exchange on Chicago, New York, or San
Francisco. To accommodate the depositors during the last fiscal
year, $25,000 in gold coin was transferred to Carson and $2,300,000
to Seattle, to be used in payment when coin was desired.




142

REPORT ON T H E FINANCES.

GOLD RECEIVED IN SAN FRANCISCO, PAID FOR BY TELEGRAPHIC
EXCHANGE ON NEW YORK.

Deposits of gold to the amount of $17,489,290.89 were made in
San Francisco for which telegraphic exchange on New York was
given in payment, during the fiscal year 1906.
The transactions, by months, for the fiscal years 1905 and 1906,
are recorded here:
Japanese yen.

January...
February.
March
April
May
June

New product
of the mines.

$4,537,767.62
1,167,880.09
591,000.00
1,478,200.00
271,100.00

July
August
September.
October
November.
December..

Proceeds of
other foreign
coin.

$2,611,998.01
79,848.77
2,453,150.01
289,700.00

$2,052,500.00
2,056,005.26
1,833,609.92
' 3,012,000.00
1,306,000.00
474,000.00

$6,590,267.62
5,835,883.36
2,504,458.69
6,943,350.01
1,866,800.00
474,000.00

1,935,000.00
1,125,000.00
1,140,000.00
764,700.00
167,000.00
1,736,500.00

1,935,000.00
1,125,000.00
1,140,000.00
764,700.00
167,000.00
1,736,500.00

31,082,959.68

1905.

Total..

5,434,696.79

17,602,315.18

Japanese yen.

July
.August
September.
October
November..
December..

8,045,947.71

Proceeds of
other foreign
coins.

New product
of the mines.

Total.

Total.

1905.
$2,939,100.00
1,725,900.00
320,800.00
2,304,273.96
1,029,600.00
1,117,500.00

2,564,000.00
1,170,900.00
955,500.00
66,500.00

$149,473.96

"i49," 466 ."66'

January...
February.
March
April
May
June
Total..

$2,939,100.00
1,725,900.00
320,800.00
2,154,800.00
1,029,600.00
968,100.00

2,564,000.00
1,170,900.00
955,500.00
66, 500.00
970,000.00
2,325,216.93

$970,000.00
1,751,216.93
298,873.96

574,000.00

2,721,216.93

14,469,200.00

17,489,290.)

The custom prevailing of giving exchange on New York for deposits
of gold bullion at the mint in San Francisco has resulted in the
accumulation of an excessive amount of gold in the mint at the
latter place. In the movement for the relief of San Francisco after
the disaster in April last $37,360,344 of the amount was shifted to
more accessible points without expense.
If the accumulation of gold at San Francisco continues, it becomes
a question whether it is equitable to pay to the depositors, of gold
bullion its full value at the place of deposit and transfer the proceeds for them free of expense to commercial centers; this is practically what is being done under present regulations. Should the
Government find it necessary to transport this coin to points of
greater demand for its use it would involve a cost of $1.75 per
$1,000. This threatened expense, together with the fact that it is
not even safe for too great a sum of money to be located at one place,
should impress us to conservative action in the future.



143

TREASURER.
SHIPMENTS OF CURRENCY FROM WASHINGTON.

The total shipments of currency from the Treasury in Washington
during the fiscal year 1906 show a decrease of $17,357,818 in amount,
as compared with 1905, while the number of packages sent is increased
by 3,479.
The comparison follows:
Fiscal y e a r 1905.
Number
of p a c k ages.
Total b y express
Total b y registered mail

. .

.

Fiscal y e a r 1906. •
Number
of p a c k ages.

Amount.

Amount.

66,626
14,072

68,787
15,390

$509,779,678
978,197

80,698

Aggregate

$527,379,899
735,794
528,115,693

84,177

510,757,875

REDEMPTIONS AND EXCHANGES.

The moneys received at Treasury offices on account of redemptions and exchanges during the fiscal year 1906 amounted to $1,104,449,492, a decreabc of $46,176,271 as compared with the preceding
year.
The kinds of money received and paid are shown in the subjoined
table:
KINDS OF MONEY RECEIVED AND PAID JN REDEMPTION AND EXCHANGE ACCOUNTS AT
TREASURY OFFICES DURING THE FISCAL YEAR 1906.
RECEIPTS.
K i n d s of m o n e y received b y T r e a s u r y offices.
Gold coin
a n d certificates.

Account.

United
NationalSilver coin
at
n es
a n d certifi- Satn de s rn o tse-s b a n k m io to r
T ea
and
n
cates.
ury notes.
coin.

Total.

R e c e i p t s for c u r r e n c y o u t s t a n d i n g
J u n e 30, 1905
• $141,120
M o n e y s received d u r i n g t h e y e a r . . . . 312,111,999

$1,493,816
432,337,784

$1,039,625
107,513,677

$48,070
$2,722,631
252,486,032 1,104,449,492
252,534,102 1,107,172,123

312,253,119

433,831,600

108,553,302

L e s s o u t s t a n d i n g receipts J u n e 30,
1906

1,123,127

975,640

1,194,634

N e t receipts for which p a y m e n t s were m a d e

311,129,992

432,855,960

107,358,668

54,301

3,347,702

252,479,801 1,103,824,421

PAYMENTS.
Kinds of money paid by Treasury offices.
Account.

Transfer
checks.

Gold coin Silver coin
and certifi- and certificates.
cates.

For gold coin and certificates,
[$286,960,641 $19,731,832
For silver coin and certifi$799,405 143,349,246 J270,274,966
cates
For United States notes and
Treasury notes
11,645,005 23,396,247
For national-bank notes and
122,873,419
minorcoin
8,759,494 102,016,519
Total..

123,672,824




United
States
notes.

Nationalbank
notes and
minor
coin.

$1,764,236 $2,673,283 $311,129,992
17,715,242

717,101

71,372,158

945,258

107,358,668

18,226,328

604,041

252,479,801

432,855,960

450,714,386 415,419,564 109,077,964 4,939,683 1,103,824,421

144

REPORT ON T H E FINANCES.
REDEMPTION OF NATIONAL-BANK NOTES.

The national-bank notes presented for redemption amounted to
3,292,885, or 55.07 per cent of the average amount outstanding
during the year. Notwithstanding an addition of $65,392,554, or
13.19 per cent, to the volume of notes during the year the amount
presented for redemption was $12,005,875, or 3.89 per cent, less than
the amount presented in the preceding year. The sums received
from the principal cities were less than in the previous year with the^
exception of Chicago and Cincinnati. The notes presented for'
redemption in January amounted to $36,711,000, the largest monthly
sum ever presented. The number of notes redeemed was 25,906,503,
and the average denomination was $11.42. The average denomination outstanding on June 30 was $11.29. During the year 470
national banks were chartered and 113 charters were surrendered,
making a net increase of 357 banks and a total of 6,107 on June 30.
Bank-note circulation, which had been below $300,000,000 for nearly
fourteen years (since November, 1886), began to appreciably increase
after the passage of the act of March 14,1900, and by May of that year
it had reached $300,000,000. Since then the increase has been continuous, and on June 30 last the circulation amounted to $561,112,360.
The rate of redemptions also increased from 37.25 per cent in 1900 to
65.84 per cent in 1905, but declined to 55.07 per cent in 1906, albeit
there was an increase in the circulation during that year.
The average circulation during the fiscal years 1900 to 1906 and the
rate of redemptions are shown in the table which follows:
Average.
. circulation.

Fiscal year.

1900
1901
1902
1903
1904
1905
1906

.

. .

. . .

. .

$260,293,746
339,884,257
: . - . 358,173,941
383,173,195
.. 428,886,482
468,285,475
538,065,425

:

'

.

Redemptions.
Amount.
$96,982,608
147, 486,578
171,869,258
196,429,621
262,141,930
308,298,760
296,292,885

Per cent.
37.25
43.39
47.98
51.26
61.12
• 65,84
55.07

The ratios of the denominations outstanding to the total circulation
on March 14,1900, and at the close of each fiscal year since are given
in percentages in the following table. A notable change has taken
place in the $5 notes, which have continuously decreased until they
represent only 13.70 per cent of the total.
Ratios in percentages.
Total,
circulation.

Date.

Denominations.
5s.

10s.

20s..

31.17

31.25

23.13

4.66

9.53

0.26

24.07 35.11
17.41 39.52
15". 31 ' 40. 34
14.94
41.64
13.99
42.14
13.81 42.59
13.70
42.77

25.37
28.61
30.14
30.81
31. 59
32.02
32.27

5.01
4.68
4.55
4.03
3.92
3.68
3:55

10.21
9.59
9.47
8.42
8.22
7.76
7.58

.23
.19
.19
.16
. 14
.14
.13

50s.

100s.

Other.

•

Mar. 14, 1900
J une 30—
1900
1901
1902
1903
1904
1905
1906

$254, 402,730
-•..
-




.

:.

:.

309,640,443
353,742,187
356,672,091
413,670,650
449,235.095
495,719;806
561,112,360

145

TREASURER.

The rates at which each denomination have been redeemed during
the fiscal years 1900 to 1906 are here exhibited. The tens show the
smallest rate of redemption and the hundreds the largest.
RATE P E R CENT OF REDEMPTION OF THE AVERAGE OUTSTANDING CIROULATION BY
DENOMINATIONS.
Year.
1900
1901
1902 .
1903
1904...1905
1906

.

-.

5s.

10s.

20s.-

50s.

38.89
46.45
53.60
55.06
65.39
71.74
62.24

3L35
39.41
43.46
45.89
56.03
60.89
50.65

35.43
43.00
43.80
49.09
59.07
62.33
50.48

41.19
45.16
54.22
61.37
70.82
74.32
66.53

100s.
51.09
52.25
65.51
72.59
81.89
88.07
78.26

At times during the year small notes were not available in sufficient
amount to meet all requests for them in redemption of bank notes,
and for this reason the payments by United States currency practically all in small denominations were but $123,371,142, as against
$146,595,108 in the previous year. The payments by.checks were
$122,852,833, and by silver coin $109,491. The balance, $48,840,954,
was paid by credits in accounts with this office.
The deposits of laivful money in the several redemption accounts
amounted to $315,862,057; those to reimburse the 5 per cent fund
for notes redeemed and reissued were $279,186,849, and those for the
retirement of notes $36,675,208. Of the latter sum $9,609,791 was
received from banks whose charters had been extended, and under
the operation of the law an equivalent in a new series of notes was
issued at once. Similar deposits and issues in 1905 amounted to
$4,504,057. The applications to make deposits for the retirement of
circulation under the act of June 20, 1874, limited to $3,000,000
monthly by the act of July 12, 1882, amounted to $33,093,305, but of
this sum only $17,467,743 was deposited. Applications to make
deposits in the months of October, November, and December were
received early in May, and the movement was pronounced for all
months except July, August, and September. At no time either
before or after the limitation was enacted has it appeared that any
considerable retirement of circulation was due to its redundancy, but
rather to the operations of the Government in refunding and retiring
its bonds, and for the purpose of making available the margin
between the value of the bonds pledged and the circulation issued
against them. This difference in value was practically eliminated by
operations under the act of March 14, 1900, and correspondingly
affected the retirement of circulation. The act, however, created a
demand for bonds by new banks and this demand and the desire of
banks at certain times to use their circulation bonds for public
deposits account for most of the current transactions.
If a necessity arose for the retirement'of circulation on account
of a redundancy it could be effectively accomplished under provisions
in the original national-bank act if banks would elect to have their
notes as redeemed by the redemption agency retired instead of
reissued.




146

REPORT ON TEEE FINANCES.

Redeemed notes were assorted and delivered to the amount of
$298,216,662.50.
The notes fit for circulation amounted to
$88,930,700, or 29.82 per cent of the total. This was a falling off
of 4.85 per cent as compared with the percentage of such notes in
the redemptions of a year ago.
The expenses incurred were $250,924.24. They have been assessed
on the banks in the usual manner at the rate of $0.84528 per $1,000
of their notes redeemed.
RECOINAGE IN THE FISCAL YEAR 1 9 0 6 .

The remintage of gold, silver, and minor coins was in 1906 less in
value than in 1905. The details for the two years follow:
1905.

1906.

'

Denomination.
Face value.
Double eagles
Eagles
Half eagles *
Q u a r t e r eagles
T h r e e - d o l l a r pieces
One-dollar pieces
T o t a l gold
Half d o l l a r s
Quarter dollars
T w e n t y - c e n t pieces
Dimes
Half d i m e s
Thi'ee-cent p i e c e s
T o t a l silver
M i n o r coins
Aggregate

Loss.

$578,880.00
656,820.00
1,519,235.00
25,565.00
45.00
63.00
•

2,780,608.00

Face value.
$157,820.00
172,730.00
450,135.00
2,957.50
. 9.00
49.00

$20,079.62

783,700.50

792,928.00
581,503.00
.
281.00
588,510.00
i,098.05
156.06
1,964,476.11

$6,637.62

547,052.00
424,743.00
79.60
436,677.00
856. 45
48.45
125,256.87

1,409,456. 50

201,625.00
4,946,709.11

Loss.

91,954.53

180,423.50
145,336.49

2,373,580.50

98,592.15

SPURIOUS ISSUES DETECTED IN 1 9 0 6 .

To the ceaseless vigilance of the Secret Service agents and the
expert money counters in the Treasury offices are due the gradual
elimination of spurious issues from our circulation. Moneys of the
various kinds, greater in value than the entire circulation of the
country, were received and disbursed by the Treasury offices during
the fiscal year 1906.. The receipts were subjected to a close inspection, and the experts rejected only $11,717.33 in counterfeit coins
and paper currency.
SPECIAL TRUST FUNDS.

A further reduction of the indebtedness of the Central Pacific
Railroad to the Government, amounting to $5,881,271.56, was made
during the fiscal year 1906, and the two notes paid and the bonds
held to secure said.notes were released as the payments were made.
The kind and amount of securities held in special trust and the
transactions therein during the last fiscal year are enumerated in
the following table:




147

TBEASXJKBB.

SPECIAL TRUST FUNDS IN THE CUSTODY OF THE TREASURER OF THE UNITED STATES
AT T H E CLOSE OF THE FiSCAL Y E A R 1906.
Account and kind of bonds, etc.

Held June 30, Deposited
during 1906.
1905.

Withdrawn Held June 30,
during 1906.
1906.

Notes secured by bonds given by the Central Pacific Railroad to the Government
in settlement of the obligations of that
road:
Central Pacific Railroad notes .
. . . $23,525,086.24
$5,881,271.56 $17,643,814.68
Central Pacific Railroad bonds
5,882,000.00 17,644,000.00
23,526,000.00
State bonds belonging to the United States:
Louisiana Sta.te bonds
37,000.00
37,000.00
58,000.00
North Carolina State bonds.
58,000.00
335,666.66§
Tennessee State bonds
335,666.66§
United States bonds held under specific
provisions of law for—
"
American Printing House for the Blind.
250,000.00
250,000.00
Manhattan Savings Institution...
75,000.00
75,000.00
50,000.00
North American Commercial Company.
50,000.00
Held for the Secretary of War:
Captured bonds of the State of Louisi545,480.00
ana
545,480.00
Held for the Secretary of State:
A package sealed and said to contain
600,000.00
Spanish'' certificates of inscription " . .
600,000.00
Held for the District of Columbia:
3.65 per cent bonds (unsigned)
2,595,450.00 $5,000,000.00 1,600,000.00' 5,995,450.00
Bonds for account of District contract116,950.00
208,240.00
254,300.00
70,890.00
ors
84,285.00
84,285.00
Chesapeake and Ohio Canal bonds
Aggregate

51,936,267.90§ 5,070,890.00 13,480,221.56

43,526,936.34§

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 1906 the bonds of the funded debt retired
amounted to $463,650, Tesulting in a reduction of the annual interest
charge by $16,923.22.
From July 1, 1878, to the close of the fiscal year 1906, the bonded
debt was increased by the issue of 3.65 per cent bonds for $1,254,050,
and decreased by the operations of the sinking funds and otherwise
$11,773,000, making a net reduction of $10,518,950, and of the annual
interest charge $592,808,07. The interest-bearing bonds of the
funded debt outstanding June 30, 1906, were $11,587,700.
Since the close of the fiscal year the debt has been further reduced
by the purchase of 3.65 per cent bonds for $358,600. This leaves
outstanding October 1, 1906, $11,229,100 in bonds bearing 3.65 per
cent interest.
The act of Congress approved March 31, 1906, provides that retentions from contracts with the District of Columbia for the construction
of bridges and sewers shall be held for one year instead of five years,
as provided for in prior acts. The act also covers and comprehends
all contracts of this character now completed and accepted.
The provisions of this act increased the number of settlements, and
during the fiscal year the retentions from 67 contracts were canceled
by the return to the contractors of $111,950 in bonds, and $38,091.11
in cash, representing retentions amounting to $163,611^59.




148

REPORT ON TI-IE FINANCES.

At the close of the fiscal year 1906 the 10 per cent guaranty fund
retained from District contractors amounted to $296,087.90 and was
credited to 63 separate contracts. Of this sum, $228,173.01 is
invested in bonds purchased at the request and risk of contractors.
The receipts during the year for account of the police relief
fund were $75,827.12, and for account of the fireman's relief fund,
$28,112.84. These sums were advanced to the Commissioners of the
District in monthly installments.
The securities of the Disirict in the care and custody of the Treasurer are:
3.65 per cent bonds (unsigned)
Bonds for account, of District contractors
Chesapeake and Ohio Canal bonds

$5, 995, 450
208, 240
84, 285

Total....:

6, 287, 975
WORK OF THE OFFICE.

The foregoing statements as well as those appended, show a gradual
increase in the volume of business. The duties which the immense
transactions of the Government impose on the Treasurer's office are
many and involve great responsibilities.
Many changes have been made during the last year in the manner
of keeping the records and of rendering reports by saving duplications, triplications, and unnecessary entries that have been eliminated without detriment, thereby saving time and labor to the
Treasury as well as to the various subtreasury offices.
The Treasurer recognizes and commends the efforts put forth by
the staff, chiefs of divisions, and every person employed in the office
to improve the efficiency of the service and to lighten the burdens of
his responsibilities.
Respectfully,

CHAS. H . TREAT,

Treasurer of tlie TJnited States.
Hon. L E S L I E M . SHAW,

Secretary of tlie Treasury.




APPENDIX TO REPORT OF THE TREASURER.
No.

1 . — R E V E N U E S AND E X P E N D I T U R E S F O R T H E F I S C A L
WARRANTS ISSUED.

Revenues.

Customs
Internal revenue
Lands....
Miscellaneous
Commerce and Labor.
Interior, civil
Treasury, proper
Diplomatic
Judiciary
War
Navy
Interior, Indians
Interior, pensions
Interest

1906,

AS S H O W N BY

Repayments Counter credfrom unexpended appro- its to appropriations.
priations.

S23,617,781.33
5,747,860.69

$721,852.05
61,812.74

$113,136.29
303.30

10,530, 958.-73
19,130, 255.34
90,871, 023.31
2,342, 300.13
7,583, 724.97
119,704, 113.09
111, 166, 784.35
12,746, 859.08
141,034, 561.77
24,308, 576.27

582, 107.84
308, 960.73
3,420, 477.13
34, 562.93
507, 115.13
5,542, 652.13
1,602, 024.33
621, 482.75
1,759,532.32
127,967.67

40,140.78
369,213.40
635,623.72
31,391.19
34,076.30
2,187,378.85
27,846,860.20
80,021.58
22.93

594, 454,121.67
530,324.00

568,784,799.06

15,290,547.75

31,338,168.54

717,993,122.00

1,417,479.53
655, 446,346.80

1,312,977,567.67

Aggregate..

-NET

Expenditures.

1,225,.648,625.39

15,290,547.75

31,338,168.54

$300,251,877.77
249,150,212.91
4,879,833.65
40,172,197.34

Total
Premium on consols of 1930
Premium on bonds exchanged.
Publicdebt

]Vo. 2 .

YEAR

O R D I N A R Y R E V E N U E S AND E X P E N D I T U R E S F O R E A C H Q U A R T E R
F I S C A L Y E A R 1906, AS S H O W N BY W A R R A N T S I S S U E D .

Account.

First
quarter.

Second
quarter.

Third
quarter.

Fourth
quarter.

OF THE

T o t a l for
year.

REVENUES.
Customs
Internalrevenue .
Lands
Miscellaneous r e v e n u e
Total

$75,696,742.93 $74,847,775.78 $78,207,193.04 $71,500,166.02 $300,251,877.77
61,969,438.54 66,996,857.32 58,522,854.911 61,661,062.14 249,150,212.91
1,020,431.12
1,277,870.49
4,879,833.65
1,324,956.09
1,256,575.95
9,910,977.29
6,924,043.18 11,697,675. 48| 11,639,501.39 40,172,197.34
148,597,589.88 150,046,546.77

149,752,679.52 146,057,305.50 594,454,121.67

EXPENDITURES.
Civil a n d m i s c e l l a n e o u s
War Department
Navy Department
Interior, Indians
Interior, pensions
I n t e r e s t on p u b l i c d e b t
Total
E x c e s s of e x p e n d i t u r e s
E x c e s s of receipts

41,609,020.43
37, 422,268.88
30,213,117.43
3,919,517.36
37,515,472.33
5,885,997.65

41,000,162.15
30,118,736.40
29,267,832.92
2,852,022.95
34,956,779.99
9,368,840.10

39,831,898.48
26,790,460.37
28,567,032.44
3,061,988.13
•34,944,073.72
3,183,599.22

37,382,823.44
25,372,647.44
23,118,801.56
2,913,330.64
33,618,235.73
5,870,139.30

159,823,904.50
119,704,113.09
111,166,784.35
12,746,859.08
141,034,561.77
24,308,576.27

156,565,394.08 147,564,374.51 136,379,052.36 128,275,978.11 568,784,799.06
7,967,804.20

I-I. D o c . 9, 5 9 - 2 -




2,482, i72.26

-11

13,373,627.16

17,781,327.39

25,669,322.61

149

150
No.

REPORT ON T H E

FINANCES.

3 . — R E C E I P T S AND EXPENDITURES ON ACCOUNT OF THE POST-OFFICE DEPARTMENT
FOR

THE

FISCAL

YEAR

Balances
J u n e 30, 1905.

Office.

1906.

Receipts.

$218, 044.85 a$14,878,964.70
2,321,994.56
132, 029.94
2,417, 307.26
38,497,094.92
688, 633.16
6,913,826.13
1,117, 393.33
5,168,839.30
350, 278.09
4,270,158.09
2,190, 432.56
14,398,004.75
797, 931.31
5; 773,967.38
363, 280. 49
2,644,446.97
573, 474.51
3,540,202.78
19, 343.87
25,328.50
37, 277.06

Washington
Baltimore
New York
Philadelphia
Boston
Cincinnati
Chicago
St. L o u i s
New Orleans
San Francisco
National-bank depositaries.
Unavailable items

Expenditures.

j^^f3XT906.

8,905, 426.43

Total.

98,432,828.08
20,200,000.00

95,725,613.99
20,200,000.00

11,612,640.52

75,525,613.99

27,773,326.09
28,158,750.74
28,504,246.50
28,774,669.92

N e t receipts a n d e x p e n d i t u r e s b y
T r e a s u r y offices
Receipts and expenditures by postmasters:
F o r q u a r t e r ended—
S e p t e m b e r 30, 1905
Deceml:)er 31, 1905
M a r c h 31, 1906
J u n e 30, 1906

$266, 229.56
187, 461.56
3,8O4: 441.78
1,106,036.48
1,069 588.08
581 723.36
2,484 947.54
984 083.80
572, 961.08
510, 044.17
.7, 846.05
37, 277.06

78,232,828.08

;, 905, 426.43

Total
L e s s t r a n s f e r s b e t w e e n offices..

$14,830, 779.99
2,266,562.94
37,109,960.40
6, 496,422.81
5,216, 644.55
4,038, 712.82
14,103, 489.77
5,587, 814.89
2, 434,766.38
3,603, 633.12
36, 826.32

27;773,326.09
28,158,750.74
28,504,246.50
28,774,669.92

191,443,821.33

188,736,607.24

11,612,640.52

a I n c l u d i n g deficiency a p p r o p r i a t i o n of $12,850,000.
No.

4.—POST-OFFICE DEPARTMENT WARRANTS ISSUED, PAID, AND
THE

Treasurer United States, Washington
•- -•.
Assistant
Treasurer
United
StatesBaltimore
New York
Philadelphia
Boston
Cincinnati
Chicago
St. Louis
N e w 0 rleans
San Francisco




YEAR

Number
Warrants
of
warrants outstanding
J u n e 30,1905.
issued.

W a r r a n t s d r a w n on—

Total

FISCAL

,

2,039

OUTSTANDING

FOR

1906.

A m o u n t of
warrants
issued.

$3; 015.23 $1,024,708.71

A m o u n t of
warrants
paid.

Warrants
outstanding
J u n e 30,
1906.

$1,025,925.34

$1,798.60

37, 447
51,076
26,745
17,106
36,994
45,243
38,874
36,252
21,012

56,647.02
694,031.60
33,265.08
21,696.76
182,413.29
151,658.49
169,326.35
96,152.87
204,873.84

2,271, 773.97
37,111, 963.37
6, 493,808.01
2,042, 348.48
3,614, 472.69
13,298, 799.55
5,594, 296.34
2,125, 152.21
2,255, 940.95

2,267 046.01
36,752, 236.21
6,496;440.08
2,016, 644.55
3,638, 792.59
13,303, 916.58
5,588, 440.50
2,133, 208.43
2,266. 137.38

61,374.98
1,053,758.76
30,633.01
47,400.69
158,093.39
146,541.46
175,182.19
88,096.65
194,677.41

312,788

1,613,080.53

75,833,264.28

75,488,787.67

1,957,557.14

151

•TREASURER.

N o . 5 . - - R E C E I P T S AND D I S B U R S E M E N T S O F E A C H K I N D O F M O N E Y O N ALL A C C O U N T S AT
THE T R E A S U R Y I N W A S H I N G T O N F O R T H E F I S C A L Y E A R

Gold coin.

Account.

k

*

RECEIPTS.
Customs. ..
Internal revenue
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
M i n o r coin
Gold c e r t i f i c a t e s
Redemption and exchange
•Issues

Standard
silver
dollars.

Subsidiary
silver.

1906.
United
States
notes.

Treasury
notes.

$44

$67,010

4,837
• • 907
1,732
178,709
10
9
3

2,438,896
393,751
27,726
92,504,647

1,901,130

2,359,833

22,616,845
107,840,000

636,553

530,583

2,020,530

2,546,084

225,887,875

2,027,000

173,445

1,368

800
14,225,750

35,278

1,570,798

8
170,853
4
1,174,613

$18,089
"

$1,765

189,617

183
117,452

320,357

Total

2,520

$1,390,447

DISBURSEMENTS.
W a r r a n t s a n d cbecks
'.
D i s b u r s i n g officers
Post-OfficeDepartment.
Transfers
Redemption and excbange:
Gold coin
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
United States notes
T r e a s u r y n o t e s of 1890
Natioiial-bank notes
" ..
Gold certificates
Silver certificates
M i n o r coin
Redemption and destruction
F i v e p e r c e n t fund

2,448
49
1,390
.

124

29,835
25

11,627
•5

.

141,494
2,010
149
208,017
71^035
903,458
18,025
1

239,973

Total

Account.

1,586,419

2,689,667

Nationalbank
notes.

Gold
certificates.

Silver
certificates.

66,814,600
2,046
25,000
92,410
15,739,504
63,180
16,381,310
769,940
3,264,730
14,220
107,840,000

.
225,233,490
Minor
coin.

...
2,027,000
2,027,000

Total.

RECEIPTS.
Customs
Internal revenue
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t m e n t .
Transfers
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
M i n o r coin .
Gold certificates
Redemption and exchange
"^iSsues

$345,000

242,637,115
295,174,417

Total

$718,040

1,131
45
• 88
7,321

12,199,639
1,733,838
2,028,965
522,432,438
519,635
490,863
63,884

9,085,166

97,164,516
321,156,000

327,186

377,047,695
551,846,000

307,429,760

633,128,955

335,793

1,469,080,997

1,949,140
36,349,727
918,643
92,296,250

700

$22

1,725,490
438,955
483,106
210,827,573
508,625
473,904
62,911

122,850,000

$427,930
52,108,672

$287,875

8,025,000
• 900,180
1,088,200
165,108,000
11,000
16,250
970

895,119
10,154,277
211,996
113,767,848

149
18,873
137
108,730

2,845,216
61,094,293
1,130,780
275,768,117

72,500
119,910
335,280
2,445,240
97,720
7,867,420
3,854,540
2,020,200
18,300
158,630,100

54,849
1,209,354
1,651,185
4,012,568
475,653
95,460,226
3,345,867
91,860,317
272,188
308,948,000

47,020
4,587

320,357
1,360,910
2,079,024
22,411,036
636,553
119,782,424
9,085,159
97,164,508
304,717
602,169,233
273,759,978

306,974,970

632,319,447

DISBURSEMENTS.
W a r r a n t s a n d checks
. ..
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Redemption and excbange:
Gold coin
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
Silver certificates
Minorcoin
..:
Redemption and destruction
F i v e p e r c e n t fund . .
Total




24,724,133
273,759,978
298,484, 111

4,193
2,433
169,892
1,206
8

357,228

1,469,912,305

152
No.

REPORT ON T H E FINANCES.
6 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF ^ O N E Y ON ALL ACCOUNTS AT
THE SUBTREASURY IN BALTIMORE FOR THE FISCAL YEAR 1906.

Account.

Gold coin.

Standard
silver
dollars.

Subsidiary
silver.

U-nited
States
notes.

Treasury
notes.

RECEIPTS.

Customs
Internal revenue
Miscellaneous .
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver '.
Minor coin
Gold certificates
Redemption and exchange
Issues. ..

$3,095
472
24
12,157
3,821
348,081

•.

$58
10
3
45
580

$791
32
174
65
1,822
23,548

2, eio
.

.

$348,905
2,250
. 22,165
^231,666
122,118
3,748,370
30,615
59,435
12,525

5
305
691
10,179

$319

308
100

1,680,000
498,830

2,680,620

2,827,071

14,104

2,549,090

•1,196,906

2,707,052

7, 405,120

26,011

34,000

Total

1,196,210

743
1
373,000

• 719
10,480
1,125
765,320

264,850
1,916,240
372,790
3,297,000

26,SOO

DISBURSEMENTS.

W a r r a n t s a n d checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Redemption and exchange:
Gold coin
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
Silver certificates
Minorcoin ..
Fractional currency

13,257
1,815

235

1,557,400

15,661

463,510

140,410
332,963

428,927
. 30
1,022,930
557,110
146,341

862,778

2,933,217

2,069,982

Total

Nationalbank
notes.

Account.

Silver
Gold
certificates. certificates.

10,950
606,930
606,175
12,129
206,777
253,520
7,547,361

Minor
coin.

26,500

Total.

RECEIPTS.

$4,576,550
12,610
109,460
. 320,770
267,760
18,502,080
253,850
244,880
24,270

$215,293
9,315
35,491
468,856
256,876
7,787,297
134,501
133,526
9,529

$52
2
26
8
224
52,564

1,280,649

17,778,390
8,610,000

5,330,497

784,000

4,240,617

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
M i n o r coin
Gold certificates
Redemption and exchange
Issues
:

50,700,620

14,381,181

836,877

84,043,474

10,300
131,590
22,090
4,055,000

5,592,390
6,543,440
1,737,060
14,394,000

104, 407
1,366,644
133,399
8,391,005

68
864
98
45,825

5,972,734
10,004,001
2,266, 563
31,360,907

658
352,070
17,380
10,043
101
3,870
10,080
4,019,045
13,940

1,622

2,020

2,174,500
834,430
2,057,370
15,900
225
1,595
16,374,670
. 519,340
512,350

2,178,830
1,197,450
2,681,680
2,827,071
14,104
1,280,649
17,778,390
5,330,497
781,830

4,221,000

50,757,270

14,422,642

$3,635
2,575
376,612
268,638
2,201,598
103,645
3,265
. . . .

Total

1

$5,145 063
28,316
169,930
1, 410,442
921,995
32,674,297
418,966
544, 404
49 090
1.680,000
32,'390,371
8,610,000

DISBURSEMENTS.

W a r r a n t s a n d checks
D i s b u r s i n g officers
Post-Ofi5ce D e p a r t m e n t L.
Transfers
Redemption and exchange:
Gold coin
S t a n d a r d silver d o l l a r s ^ .
S u b s i d i a r y silver
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
. Gold certificates
Silver certificates
M i n o r coin
Fractional currency
Total




:

.

192,965
1,619
252,254
232,610.
106,031

833,956

83,674,706

153

TREASURER.
N o . 7 . - -RECEIPTS

AND DISBURSEMENTS OF EACH K I N D OF MONEY ON ALL ACCOUNTS
AT THE SUBTREASURY IN N E W YORK FOR THE FISCAL YEAR 1906.

Account.

Gold coin.

Standard
silver
dollars.

Subsidiary
silver.

United
States
notes.

Treasury
notes.

RECEIPTS.

Customs
I n t e r n a l revenue
Miscellaneous
D i s b u r s i n g o fficers
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 i l a r s
S u b s i d i a r y siiver
Minor coin
Gold certificates
Redemption and exchange
Special c u s t o m s d e p o s i t
Issues

$4,829,385
285
1,200
16,184
599,800

$204,564

$362

4,270
7,500
8,665

1,932
348
502.
503,319
17

1,660
6,500

$1,149,932
1
19,863
151,739
860,094
21,060,988

$156,397

• 251,940
352,045
55,040

1,000,000
58,915,158

16,567,187
133

47,299,916
5,873

385,507

65, 370,172

5,660,650

17,073,800

71,207,431

541,904

4
590,008

6,819

1,571
74,543
13
7,202,918

9,590
4,157,288

1,414,100

Total

5, 435,651

5

4,209

DISBURSEMENTS.

W a r r a n t s a n d cliecks
D i s b u r s i n g officers
Post-Offiee 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 siiver d o l l a r s
S u b s i d i a r y silver
United States notes
T r e a s u r y n o t e s of 1890
Nationai-bank notes
Gold certificates
Silver c e r t i f i c a t e s :
M i n o r coin
Fractional currency
Clearing-house balances

.-

100
33,804,800

1,217,300
831,400

34,394,812

3,469,724

373,054
1,000
519,800
10,134,000
108,650
212

35, 602,000

32,093,750

>
-

104

Total

Nationalbank notes.

Account.

Gold certificates.

542,200

205,838

18,420,074

72,068,466

Silver certificates.

Minor
coin.

542,200
Total.

RECEIPTS.

Customs
Internal revenue
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Gold b a r s
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
Minor coin
Gold certificates
Redemption and exchange
Special c u s t o m s d e p o s i t .
Issues

$786
153,175
937,900
6,566,794

4i, ioo
....

Total
DISBURSEMENTS.

W a r r a n t s a n d checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Redemption and exchange:
Gold coin
S t a n d a r d siiver d o l l a r s
S u b s i d i a r y siiver
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
Siiver cert*iB.cates
Minor coin
. .
Fractional currency
Clearing-house b a l a n c e s
Total




78,310
13,615
656,565

$197,137,910
250
10,006,160
25,118,190
14,792,070
540,609,560
20,055,370
3,633,600
6,305, 260
981, 450

$865,612

$28

103,789
174,075
1,118, 332
33, 419,628

85
26
49
301,543

329,935
41B, 485
57,165

$204,187,793
251
10,132,900
25,603,023
17,732, 631
' 603,226, 694
20,055,387
4,258, 235
7,160, 600
1,107,270
1,000,000
377,231,881
352,959,158
19,930,000

98,599,860
352,951,630
19,930,000

147,113, 427
1,501

2,258,610
21

8, 448,245 1,290,121,310

183,601,949

2,560,362 1,644,585,823

^
2,105,000
6,235,000

29,569,080
732,771,300
3,449,690
191,707,930
59,917,970
1,000
51,718,080
82,970,000

22,911
495,459
150
80,701,013

29,603,289
740, 205,722
3,449,854
323,896,572

85, 381
70
136,765
1,747,500
127,981
643

• 59,922,184
5,401,780
16,555,145
47,326,085
386,028
656,565
98,621,680
147,394,174
2,256,723

10

140,494,952

5,461,786
16,555,145
14,772,900
384,858
63,356,143
2,255,868

140,289,666
8,340,000 1,292,394,050

133
5,305
1
491,411

183,946,227

2,595,200 1,616,170,753

154
No.

REPORT ON T H E FINANCES.
§ . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF MONEY ON ALL ACCOUNTS
AT THE SUBTREASURY IN PHILADELPHIA FOR THE FISCAL YEAR 1906.

Account.

Gold coin.

Standard
silver
dollars.

United
States
notes.

Subsidiary
• silver.

Treasury
notes.

RECEIPTS.

$684,585

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 i l a r s
S u b s i d i a r y siiver . .
M i n o r coin
Gold certificates
Redemption and exchange
Issues

7,085
650
35,366
671,601

$6,539
1
147
33,023
15,910
3,003

$665

$1,150,865

$7,130

825
6,355
7,010
542,594

51,355
610,789
387,878
9,796,603

1,909
5,711
2,197
4,142

76,622
22,833

728
120

47,250
5,745
3,200,000
166,309

5,825,604

6,798,652

44,152

4,818,591

Total

3,507,210
3,565,833

6,383,053

18.895. .597

66,089

'

1,920,899

454
53,788
591
4,005,396.

DISBURSEMENTS'.

W a r r a n t s a n d checks
D i s b u r s i n g officers.
Post-Office D e p a r t m e n t
Transfers
Redemption a n d exchange:
Gold coin
S t a n d a r d silver d o l l a r s
S u b s i d i a r y siiver
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 nnin
•, -- Fractional currency
Total

481,800
2,389,666
147,065
5,000
2,400
15,000
342,600
588,900
2,225
2,720,720
625,000

7,320,376

256

2,029,749

3,950,904

8,561
14,129
270
250,620
1,350
1, 373,821
2,048,600
182,298
. 113
7,939,991

949,520
4,972,500
288,000
7,278,300

67,000

297, 3l6
4,918,690
30,400

516,666
•

10,000
21,940

19,276,660

67,000

Gold certificates.

Silver certificates.

$18,147,600

$1,046,081

$68

$70,313
1,434,778
1,165,077
2,322,299

309,822
1,244,170
2,697,059
40,469,199

81
8
.965
13,040

458,987
129,010

1,474,260
369,670

49,354
984,065
1,202,364
29,883,858
1,945,000
614,233
148,417

1,513,737

65, 434,640
39,490,000

26,988,519

778,766

7,094,201

169,636,420 |

62,861,891

792,928

274,114,603

58,100
10,239,390
373,600 . 25,354,996
22,300
5,410,374
6,644,000
55,096,000

1,784,966
8,382,941
628,037
25,768,400

36
4,601
56
373,020

13,514,266
41,532,092
6,496,423
101,158,015

3,346,740
135,000
2,798,960
1,040,750
10,470

9
3,357,914
2,421,044
13,215
5

8,600
161

59,690,000
4,064,750
278,460

20,171,585
479,133

256,666

36,077
1,302
139,916
215,320
67, 437
46

3,366, 310
3,522, 460
5,860,184
6,848, 252
45,752
1,513,737
65,434,640
27,150,819
779,692

167,465,890

63,257,249

846,572

277,222,642

National-,
bank notes.

Account.

Minor
coin.

Total.

RECEIPTS. .

Customs
I n t e r n a l revenue
Miscelianeous •
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
M i n o r coin
. ...
Gold certificates
Redemption and exchange.
Issues

..

Total

^

$21,043,533
1
490,891
4,319,549
5,513,826
83,706, 339
1,945,000
2,672,080
675,795
3,200,000
111,057,589
39,490,000

DISBURSEMENTS.

W a r r a n t s a n d checks
...
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
...
Transfers
Redemption and exchange:
Gold coin
. .
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
United States notes
^ T r e a s u r y n o t e s of 1890
National-bank notes
Gold certifi^cates
Silver certificates
Minor coin
Fractional currency
Total




o

7,098,000

155

TBEASXTEEK.
No.

9 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF MONEY ON ALL ACCOUNTS AT
THE SUBTREASURY IN BOSTON FOR THE FISCAL YEAR 1906.

Gold c o i n .

Account.

Standard
silver
dollars.

Subsidiary
silver.

United
States
notes.

Treasury
notes.

RECEIPTS.

Cu s t o m R.
I n t e r n a l 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
Minorcoin
Gold certificates
Redemption and exchange
Issues..:
^'

$105,796

$67,883

$2,532

$1,474,812

$22 335

• 408
500
16,972
245,220

i

77

1,346
125
2,233
322,243

67,678
483,774
501,337
14,049,787
160,800
11,910

4,455
516
3,942
9,728
12;000
1,555
4,008

40
3,201

7,800
50
•

1,458,200

1,768,010

7,179,447

15,219

2,397,400

Total

2,020,704,

1,529,451

2,096,489

23,929,545

73 758

1,087,000

582
11,909
515
1,665,802

486,*010
5,870,630
18,000
9,435,030

74,000

2,706

35
4,000
1,793,330
6,207,500

DISBURSEMENTS.

W a r r a n t s a n d checks
D i s b u r s i n g officers
Post-OfficeDepartment
Transfers
Redemption and exchange:
Gold c o i n
S t a n d a r d silver d o l l a r s . . .'.
Subsidiary silver..:
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
.
Gold c e r t i f i c a t e s
Silver certificates
Minor coin
Fractional currency

25,000
16,104
5,000
1,810
3,934,700
530

1,488,450

2,343,403

Nationalbank notes.

Gold certificates.

Silver certificates.

$27,397,140

$703,135

$186

$29,773,819

200,480
1,595,470
3,426,340
30,143,060
398,200
940,320
60,760

97,436
253,012
410,584
16,732,552
682,400
105,245
52,632

60
12
213
47,029

286,610
33,295

451,026
2,946,964
5,168,839
62,722,376
1,092,600
1,502,330
162,655

182,787

4,514,360

23,559,823

394,000

41,092,550

3,172,067

Account.

25,692
369,611

85,012
2,216
119,913
337,338
117,410

3,983,144

Total

1,760
4,387

68,676,130

42,596,819 .

441,500

144,913,159

12,074,739
25,920,990
1,988,751
19,403,000

6,168
1,361,867
9,330
25,500,085

49
846
49
232,368

12,567,548
33,361,242
2,016,645
60,397,389

2,012,550
5,000
39,600
853,300
7,700

114
1,457,450
1,000

300

2,020,705
1,466,450
1,833,930
7,186,947
15,219
182,787
4,510,360
23,540,723
401,140

1,000
17,000
391,520
24,224,055
Minor
coin.

74,000

Total.

RECEIPTS.

Customs
I n t e r n a l revenue
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver d o l l a r s
Subsidiary silver..."
Minorcoin .
Gold certificates
Redemption a n d exchange
Issues

$79,086
613,555
807,178
1,169,556

Total
DISBURSEMENTS.

W a r r a n t s a n d checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Redemption and exchange:
Gofd c o i n
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Fractional currency
Total




170,000
2,984,000

102,400
8,570,200
9,620

.

3,154,000

14,424,300

37,565
916
62,874
109,230
• 41,672

70,987,850

42,760,314

485,869

149,501,085

156
No.

REPORT ON T H E FINANCES.
I O . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF MONEY ON ALL ACCOUNTS AT
THE SUBTREASURY IN CINCINNATI FOR THE FISCAL YEAR 1906.

Gold coin.

Account.

Standard
silver
dollars.

United
States
notes.

Subsidiary
silver.

Treasury
notes.

RECEIPTS.

Customs
Internal revenue
Miscellaneous.
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
Minor coin
Gold certificates
Redemption a n d exchange
Issues
Total

. $59

$486,000

$1,000

53
5
89
757,528

29,000
177,500
236,000
3,513,500
708,000
203,000
2,000

30,000
1,734,820

5,031,235

2,111,595

202,200

2,382,075

5,032,235

2,869,329

5,557,200

90,000

4,702,515

1,423
4,711
1,432
2,501,831

259,000
905,400
358,300
2,471,000

90,000

88

19,000
68,500
1,080,500
18,000

$184,955

$4,000

. ...
.

. ...
32,000
274,400
123,600
2,300

7,000
22,000
52,000
5,000

. . .

DISBURSEMENTS.

24,860
134,465
9,415
23,541

W a r r a n t s a n d checks
D i s b u r s i n g officers
Post-Office D e p a r t n i e n t • . . .
Transfers
Redemption and exchange:
Gold coin
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Fractional currency

41,000

131,800

81,670

248,330
149,451

10,000
411,500
162,000

305,281

4,784,185

3,039,066

5,763,200

Nationalbank notes.

Gold certfficates.

Silver certificates.

$2,222,000

$213,336
714
55,807
443,756
298,773
6,836,252
1,069,815
366,680
145,186

15
1
58
110,055

1,296,500
510,000

5,.127,708

395,340

8,209,000

21,129,500

14,558,027

505,487

60,332,853

54,000
202,000
84,000
7,733,000

2,206,100
6,064,286
2,667,314
2,565,000

360,304
1,589,232
517,997
6,397,035

143
1,565
255
208,387

2,905,830
8,901,659
. 3,638,713
26,692,309

1,594,100
1,610,500
642,500

110,906
3,339,635
347,240

104

1,765,198
5,057,635
2,119,240
202,200

70,000
2,000

Total...
Account.

•

90,000

Minor
coin.

Total.

RECEIPTS.

Customs
I n t e r n a l revenue
Miscellaneous
D i s b u r s i n g officers
Post-OfficeDepartment
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
M i n o r coin
Gold c e r t i f i c a t e s . .
....
Redemption a n d exchange
Issues

$43,000
532,262
1,264,738
5,106,500
3,000
1,219,500
40,000

Total

137,000
1,847,000
1,638,500
10,399,500
2,664,000
406,500
8,500

$18

$3,110,368
714
264,875
3,007,524
3,470,158
27,020,735
4,620,415
2,202.980
195'. 686
30,000
15,899,398
510,000

DISBURSEMENTS.

W a r r a n t s a n d checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t .
Transfers
Redemption and exchange:
Gold coin
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
United States notes
T r e a s u r y n o t e s of 1890
National-banlc notes.'.
Gold certificates
.
Silver certificates
M i n o r coin
Fractional currency
Total




39,000
49,000

o

52,400
. .

5,000
49,000
7,000

826,000
2,483,200
34,500

32,000
• 1,832,234
189,070

105,170
129,503

8,222,000

20,693,500

14,715,653

497,527

-

1,296,500
5,136,558
394,570

58,110,412

157

TBEASXTEEK.
No.

1 1 . — R E C E I P T S AND D I S B U R S E M E N T S O F E A C H K I N D O F M O N E Y O N ALL A C C O U N T S
AT T H E S U B T R E A S U R Y I N CHICAGO F O R T H E F I S C A L Y E A R 1906.

Account.

Gold coin.

RECEIPTS.
Customs
I n t e r n a l revenue
Miscellaneous
Disbursingofficers
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver d o l l a r s
Subsidiary silver.
M i n o r coin
Gold certificates
Redemption and exchange
Issues

$274,540^

Standard
silver
dollars.

• Subsidiary
silver.

$1,296,831

337,000

United
States
notes.

Treasury
notes.

$31,170

$1,227,000

'

33,305
898,665
2,264,975
21,427,305

$825
1,230
2,925
190
51,825

4,164,245
531,735
210,000
14,985,544

5,101,194

15,933,000

353,115

15,807,084

Total

9,549,155
10,845,986

6,328,194

45,284, 400

410,110

6, l92,565

6,522,275
4,871,110
1,628,310
15,966,300

427,000

347,888

520
48,800
4,958,120
10,636,500

DISBURSEMENTS.
900,000
1,265,205
45,000
635,000

W a r r a n t s a n d checks
Disbursingofficers
Post-Office D e p a r t m e n t
Transfers
Redemption and exchange:
Gold coin
.'
S t a n d a r d silver d o l l a r s .
S u b s i d i a r y silver
United States notes
T r e a s u r y n o t e s of 1890...
National-bank notes
Gold c e r t i f i c a t e s .
Silver certificates
Minorcoin

10,085,267

95,000
62,935
...

4,280
7,045,670
5

25,500
614,050

10,449,436

6,541,188

45,271,485

Nationalbank notes.

Gold certificates.

Silver certificates.

Minorcoin.

$12,641,640

Account.

795

10,048,815

Total.

359,889

$57,659
50
43,802
5^3,021
1,688,948
21,341,912
9,965,955
10,000

427,000

Total.

RECEIPTS.
Customs
I n t e r n a l 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
M i n o r coin
Gold certificates
Redemption and exchange
Issues

$25
239,354
1,031,155
4,275

836,730
32,278,890
9,409,850
136,240,130

1,734,510
122,235

...:
36,111,816

$149 $14,301,989
50
120
914,807
125 33,951,285
152 14,398,005
255,235 180,833,047
10,017,780
5,908,755
653,970
210,000
614, slo 108,242,955
6,900,000

1
3,131,555

Total

25,594,320
6,900,000
223,901,560

69,753,163

870,591 376,332,643

38,000
17,000
5,000
3,007,000

81,371,560
50,562,580
10,343,700
15,064,000

6,506,002
4,898,745
1,281,338
37,064,000

199
154
142
571,109

95,338,036
61,614,794
13,303,490
89,012,181

15,098,150
385,000
114,000
4,556,300
73;025

1,746
9,176,255
35,334
44,614
275,910
1
8,500
10,830,914
1,328

128

15,195.544
9,610,055
5,107,454
15,952,000
353,215
1
25,609,320
36,134,616
615,380

DISBURSEMENTS.
W a r r a n t s a n d checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Redemption and exchange:
Goid coin
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
.
United States notes
T r e a s u r y n o t e s of 1890.
National-bank notes
Gold certificates
Silver certificates
M i n o r coin

. ..

•

Total..




...

18,555,150
24,916,615
3,067,000

221,040,080

70,124,687

303,763

898
2

876,395 367,846,086

158
No.

REPORT ON T H E FINANCES.
1 2 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF MONEY ON ALL ACCOUNTS
AT THE SUBTREASURY IN ST. LOUIS FOR THE FISCAL YEAR 1906.

Account.

RECEIPTS.
Customs
Internalrevenue..
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
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
Minorcoin
Gold certificates
Redemption and exchange.
Issues
Total..'

Standard
silver
dollars.

Gold coin.

Subsidiary
silver.

United
States
notes.

$60,586

$13,200

$2

$689,009

24,655
160,870
754,800

42,922
-2,002

3
119
17,511
1,383,812

43,032
755,500
712,073
11,304,175

Treasury
notes.

3,137,500
365,615

2,666,666

$500
5,900
10,150
157,370
2,000

!
1

3,989,820

1,887,241

8,183,914 1

5,391,267

18,894,145

175,920

275
289
281
9,415,150

450
434
480
4, 424,175

1,452,500
6,246,370
1,501,190
5,849,000

166,020

1,548,268

6,500
3,757,970
118,000

8,125,790

146,388
3,147,299

DISBURSEMENTS.
W a r r a n t s a n d checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Redemption and exchange:
Gold c o i n . . .
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
United States notes
T r e a s u r y n o t e s of 1890
National-banknotes
Gold certificates
Silver certificates
M i n o r coin
Total

33,010
828,360
66,000

•

49, 500
707,373
476,829
9,892,824

RECEIPTS.
Customs
Internal revenue
Miscellaneous
Disbursingofficers.
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 c e r t i f i c a t e s . .
.
•...
Redemption and exchange
Issues
Total..

6,023,807

19,272,395

Silver certificates.

Minorcoin.

346,865
1,634,743

Account.

500

Nationalbank notes.

Gold certificates.

166,020

Total.

$776,321

$148

$2,946,266

103,500
1,618,200
1,569,917
27, 418, 400
1,538,000
35,500
500

93,936
1,182,971
1,016,831
16,372,923
7,387,680
100
60

142
134
15,139
153,091

49,500

805,373
2,000,000

788,306

339,965

241,113
4,653,785
4, 473,957
64,802,853
9,083,050
4,095,100
399,175
2,000,000
16,132,383
2,000,000

10,411,000

36,496,390

27,619,128

$1,407,000.
$1,072,206
932,794
• 7,403,500
920,000
33,000

508,619 110,827,682

DISBURSEMENTS.
W a r r a n t s a n d checks
Disbursingofficers.- ,.
Post-Office D e p a r t m e n t
Transfers
Redemption and exchange:
Gold coin
S t a n d a r d silver d o l l a r s . . "
Subsidiarj;- silver
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Total .




2,000
372,000
27,000
9,843,000

1,212,000 , 1,259,829
11,745, 490
7,281,883
2,410,525
1,581,930
11,398,000. 10,881,253

52,000

78,000
50,000

10,346,000

30,768,390

2,146,388
8,212,790
3,994,970
1,887,241

13
6,663,290

1

20,000
30,000

3,960,509
26, 475,273
5,587,815
52,304,445

220,973

2,146,375
1,543,000
185,000

445
447
409
327,847

230,977'
27,899,175

49,500
805,373
788,306
340,865
550,121 106,553,475

159

TEEASUKEB.
No.

1 3 . — R E C E I P T S AND D I S B U R S E M E N T S O F E A C H K I N D O F M O N E Y ON ALL A C C O U N T S AT
THE S U B T R E A S U R Y I N N E W O R L E A N S F O R T H E F I S C A L Y E A R 1906.

Account.

Gold coin.

Standard
silver
dollars.

Subsidiary
silver.

United
States
notes.

Treasury
notes.

RECEIPTS.
$29,305
571
792
2,650
11,237

$2,668
118
9,316
1,539
51,489
587,689

$1,287,861
41
159,944
113,503
537,960
5,088,220
287,600
128,175
9,690

$4,013
350
4,585
491
11,315
5,988
2,000.

4,487,500

1,176,155

924,147

33 908

229,316

5,208,125

1,828,974

8,537,141

62,690

5,123
97,868
2,081
8,397,600

1,741
330,854
15,422
2,299,910

1,161,131
1,347,971
847,316
2,934,000

62,000

2

Total.

$139,782
96
21,953
55,074
64,468
439,252

184,761

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

12,965
84,100
933,064
895,872
32,458

40

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

40,904
60,527

5
497,040

1,250
12,250
46,903
8,502,672

' 2,647,929

NationalGold
b a n k n o t e s . certificates.

Silver
certificates.

$5,382,710
500
133,620
211,690
1,166,800
15,337,870
4,809,220
777,920
15,850

$258,958
100
32,441
31,800
246,804
5,288,111
1,627,680
552,910
85,820

$782
1,001
4,934
263
16,067
85,892

$7,106,079
2,206
399,419
727,053
2,644,447
29,643,469
7,077,500
1,767,635
124,125

808,840

3,268,950

49,893

10,934,154

4,362,415

28,645,020

11,393,574

158,832

60,426,087

25,020
144,900
21,050
4,048,000

1,113,264
3,610,489
1,205,574
15,762,000

30,069
567,411
42,307
.4,721,000

163
71,315
1,016
89,726

• 2,336,511
6,211,712
2,134,766
38,374,763

171,483
1,400,100
212,550
19,320
850

280
2,998,300
13,916

29

600

184,759
4,482,500
1,178,155
923,197
33,908

86

307,450
143,120
1,910

650
3,108,580
1,000

808,840
3,263,950
• 49,893

4,268,125

23,948,110

11,484,113

598,476

Total

Account.

8,309,280
Minor
coin.

62,000

Total.

RECEIPTS.
Customs
Internal revenue
.
Miscellaneous '.
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver d o l l a r s .
S u b s i d i a r y silver
M i n o r coin
•
Gold certificates
Redemption a n d exchange
Issues

. .

Total

$32,655
311,901
546,894
2,799,210
351,000
308,630
12,725

DISBURSEMENTS.

W a r r a n t s a n d checks
D i s b u r s i n g officers
:
Post-OfficeDepartment.
Transfers
Redemption a n d exchange:
Gold c o i n .
S t a n d a r d silver d o l l a r s
S u b s i d i a r y silver
United States notes . .
T r e a s u r y n o t e s of 1890
National-bank notes
Gold c e r t i f i c a t e s .
Silver certificates
M i n o r coin
Total




.

.

18,625
8,000
2,450

162,249

.5Q. 982.954

160
No.

REPORT ON T H E FINANCES.
1 4 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF MONEY ON ALL ACCOUNTS AT
THE SUBTREASURY IN SAN FRANCISCO FOR THE FISCAL YEAR 1906.

Account.

Gold coin.

Standard
silver
dollars.

Subsidiary
silver.

$120,557
7
1,293
12,081
80,844
35,420

$8,326
2
5,658
8,074
80,635
86,740

1,978,786

United
States
notes.

2,345,249

Treasury
notes.

RECEIPTS.

Customs
Internal r e v e n u e . . . . . .
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 a n d exchange
Issues

...

$9,097,451
14,215
1,363,770
2,348,788
2,364,666
78,145,400
2,462,000
2,505,560
153,595
• 610,000
7,253,035

$22,138

681

106,318,480

2,228,988

2,534,684

362,919
694,192

8,190,190
49,916,888
2,265,308
24,195,000

Total

$520
20
16
30
1,618
731

2,535
8,140
76,512
221,948

352,189
2,471,800

840
121,466
803
2,532,671

190,500

49,105

83,392

754
49

1
446
37
182,570
50

3,616

DISBURSEMENTS.

W a r r a n t s a n d checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Redemption a n d exchange:
Gold coin
S t a n d a r d silver d o l l a r s . .
S u b s i d i a r y silver
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold certificates
Silver certificates
M i n o r coin

. ..

T o t a l '.

1,297,300
1,820,639
2,278,247
307,945
595
10,970
1,946,250
111,575
22,369
92,363,276

4,000

437,480
1

155,983
3,029,880

2,922,276

Gold
NationalSilver
b a n k n o t e s . certificates. certificates.

Account.

72,666

699,981
Minor
coin.

"

4,000

Total.

RECEIPTS.

Customs
Internalrevenue
Miscellaneous
D i s b u r s i n g officers
Post-Office D e p a r t m e n t :
Transfers
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

$467,080

.

$78,704

$529

$22,490
30,855
270,611
823,282

6,540
13,230
230,970
3,374,670

5,144
3,725
123,029
330,621
22,000

608
173
11,318
28,279

193,540

1,968,650
610,000

288,088

29,568

1,340,778

6,671,140

851,311

70,475

120,713,664

5,000

153,000

415,000

770,051

13
33,758
26
78,525

8,191,043
50,654,301
2,266,137
32,040,549

8,188

6,863,035
1,884,786
2,278,248
309,179
681
193,540
1,946,420
267,558
22,369

. .
•..

Total..

$9,795,305
14,244
1,408,054
2,425,096
3,240,203
83,047,091
2,484,000
• 2,505,560
153,595
610,000
14,420,516
610,000

DISBURSEMENTS.

W a r r a n t s a n d checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Redemption and exchange:
Gold coin
1
S t a n d a r d silver d o l l a r s . .
S u b s i d i a r y silver
:
United States notes
T r e a s u r y n o t e s of 1890
National-bank notes
Gold c e r t i f i c a t e s . .
..
Silver certificates
M i n o r coin
.
Total




1,383,002

4,987,570
64,146

34
...

120

1,383,002

5,407,570

987,197

120,664

106.Q17.S4fi

161

TRBAStrRBE.
No.

15.—^TOTAL RECEIPTS AND DISBURSEMENTS OF. EACH K I N D OF MONEY ON ALL
ACCOUNTS AT THE TREASURY OFFICES FOR THE FISCAL YEAR 1906.

Gold coin.

Standard
silver
dollars.

$15,287,787
14,687
1,374, 663
2,388,742
2,632, 529
81,577,156

$1,849,414
104
25,245
104,451
211,912
610,575

2,587^ 260
2,572,020
159, 340
8,730,000
86,225,906

Account.

50

Subsidiary
silver.

United
States
notes.

Treasury
notes.

RECEIPTS.

$6,707,702
2,292
2,867,773
3,825,027
5,726,673
182,715,543

$38,317
370
12,295
15,283
28,588
1,609,952

1,278,155
8,281,822
1,011,348

275,195
9,591
4,268

42,670,867

43,925,267
133

106,030,438
5,873
107,840,000

1,483,239

45,472,618

49,758,926

426,292,646

3,477,098

9,629,864
55,397,941
2,532,788
24,983,707

5,398
459,273
2,363
41,438,129

7,788
779,038
20,385
32,765,141

11,105,676
44,585,259
5,013,906
149,837,730

1,458,720

1,442,515
1,835,639
2,620,847
2,520, 385
2,820
10,970
51,219,898
737,135
24,369

51,558
305

240,687
'
16,139
420
3,374,032
4,633
3,339,569
14,228,886
723,470
326

472,046
247,851
13,519,634
71,233,991
138,167
16,381,310
1,292,190
3,947,757
1,845,018

104

Total..

$15,449
152
24,144
17,537
163,023
5,613,182
17
10
9
' 3

203,550,090

Customs
Internal revenue
Miscellaneous
D i s b u r s i n g officers
P.o"st-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 .
S u b s i d i a r y silver
Minor coin
Gold certificates
Redemption and exchange
Special c u s t o m s d e p o s i t .
Issues

205,838
107,840,000

2,027,000

55,500,618

427,666,373

3,485,720

DISBURSEMENTS.

W a r r a n t s a n d checks
D i s b u r s i n g officers
Post-Oifice 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
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
Fractional currency
Clearing-house b a l a n c e s
Redemption and destruction

18,299
8,816
1,395,029
4,638,099

152,958,878

Total

48,017,272

Minor
coin.

NationalGold
b a n k n o t e s . certificates.

Silver
certificates.

$269,724,630
13,360
19,868,312
65,147,790
36,287,466
987,602, 469
20,055, 370
13,307,870
10,200,890
1,461,970

$4,502,974
10,179
2,242,690
4,514,236
6,845,647
348,820,727

225,886,093
352,951,630
200,900,000

345,741,650
1,501
321,156,000

5,972,138
21

345,584,295 2,203,407,850 1,060,745,998

Account.

7,081,464.

4,345,370,985

Total.

RECEIPTS.

Customs
Internal revenue
Miscellaneous..
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
G old b a r s
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 a n d exchange
Special c u s t o m s ' d e p o s i t
Issues

$3,635
250,330
4,764,698
7,652,915
80,505,686
395,100
5,110,892
387,145
246,513,894

Total

23,673,591
2,675,083
•561,720

$1,982
1,003
7,202
795
44,273
1,054,049

1

$298,128,255
45,782
26,672,654
80,778,559
59,593,026
1,690,109, 339
20,055,387
41,517,181
28,850, 307
3,585,845
8,730,000
1,104,449,492
352,959,158
629,896,000

DISBURSEMENTS.

W a r r a n t s a n d checks
D i s b u r s i n g officers
Post-Office D e p a r t m e n t
Transfers
Redemption and exchange:
Gold coin
S t a n d a r d silver d o l l a r s
S u b s i d i a r y siiver
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 .
M i n o r coin
Fractional currency
Clearing-house b a l a n c e s
Redemption and destruction
F i v e p e r c e n t fund
Total.....




187,420
3,516,090
181,440
45,932,002
39,000
119,625
8,000
:

27,450
79,000
9,100
24,724, i33
273,759,978

145,327,663
898,928,298
30,131,631
418,101,180
.

10,969,775
36,251,459
4,406,484
313,961,690

1,398
137,728
2,189
2,526,948

177,234,982
1,040,055,089
42,291,186
r, 031,005,247

91,521,938
6,032,940
6,385,260
8,931,810
189,990
7,869,015
151,506,290
125,737,425
855,140

168,575
34,020,194
21,042,244
18,853,340
1,137,127
95,464,097
3,647,097
209,834,095
3,212,527

65,991
4,748

93,963,310
42,196,816
43,688,030
105,873,208
1,485,460
123, 659,203
225,896,682
346,171,709
5,947,179

140,289,000
158,630,100

308,948,000

933,351
3,907
594,242
2,579.842
474; 728
699
10

348,583,238 2,190,437,680 1,061,916,704

140,494,952
602,169,233
273,759,978

7,325,781

4,295,892,264

162

REPORT ON" T H E
No.

FINANCES.

1 6 . — A S S E T S AND LIABILITIES OF THE TREASURY OFFICES, J U N E 30,

Washington.

Baltimore.

New York.

Philadelphia.

1906.

Boston.

ASSETS.

$8,770,996. 34 $158,356,312.50
73,214,152.00
3,293,599,00
2,293,071.65
480,035.90
459,378.00
20,942.00
1,845.00
74.00
132,394.00
25,735. 00
7,514,990.00
892,280.00
598,080.00
75,130.00
54,944.22
17,638.16
83.00
41,866. 30
4.34. 25

$5,651,915.00 $14,204,323.28
2,076,716.00
6,097,368.00
179,628. 50
608,208.05
205,447.00
104,638.00
911.00
332. 00
22,668.00
13,694. 00
3,539, 480.00
1,508,580.00
81,650.00
219,243.00
24,876. 87
25,450.22
19.64
571. 45
687. 55

Gold c o i n
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 coin
United States notes..
T r e a s u r y n o t e s of 1890...
National-bank notes
Gold certificates
Silver certificates
Minor coin
Fractional currency
Bonds and interest paid.

,, 711,499.30
153,841,702.00
778,134. 40
7,832,124.00

Total cash a s s e t s . .
Transfer account

187,028,050.64
43,148,897. 69

13,576,864. 65

242,667,116. 67

16,122,753.01

18,443,654. 55

230,176,948. 33

13, 576,864. 65

242,667,116. 67

16,122,753.01

18,443,654. 55

Aggregate.

11,372,838.12
2,054,910.00
2,422,041.00
14,801. 82

LIABILITIES.

Outstanding
warrants
a n d checks
D i s b u r s i n g officers' b a l ances
Post-Office
Department
account
Bank-note 5 per cent red e m p t i o n fund
O t h e r d e p o s i t a n d redemption accounts

36,374. 34

115,766.75

2,564,549. 91

123,068.84

138,316.18

3,937,498.03

616,884.07

20,631,251.48

1,968,852.76

1,5.47,117.96

264,430. 96

126,086. 58

2,750,683.02

1,075,403.47

1,022,187.39

23,573. 73

2,777,075.60

59,331. 79

234,317. 70

21,190,465. 96
2,992,225. 53

I.'otal a g e n c y a c 28,420,994.82
count
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
B.I lance t r a n s f e r a c c o u n t . .
B a l a n c e g e n e r a l a c c o u n t . . . 201,755,953. 51

2,311.13

28,723,560.01

3,226,656.86

2,991,939.23

1,776,729.83
10,917,823.69

6,910,199. 70
20,870,069. 57
186,163,287. 39

298,092. 47
2,759, 953. 79
9,838,049.89

3,412,103. 37
12,039,611.95

230,176,948. 33

13,576,864.65

242,667,116. 67

16,122,753.01

18,443,654. 55

Cinciniiati.

Chicago.

St. Louis.

New Orleans.

San .
Francisco.

ASSETS.

Gold coin
—
S t a n d a r d silver d o l l a r s . .
S u b s i d i a r y silver coin
United States notes
T r e a s u r y n o t e s ' o f 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Fractional currency
Bonds and interest paid.

$8,905,634. 65 $51,712,688. 39
3,662,030.00
1,397,915.00
307,978.00
78, 560.00
261,610.00
105,000.00
925.00
21,000. 00
85,240.00
1,420,000. 00
5,173,630. 00
82,273. 00
418,488.00
27,131. 70
19,737.98
2,472.10

1,382. 45

$11,467,358.76
7,889,930.00
259, 330.00
335,200.00
22,900. 00
95,000. 00
8,605,000. 00
261,764. 00
15,148.13
30.00
197. 05

T o t a l cash a s s e t s . .
Unavailable

12,039,986.45

61,643,709.82

28,951,857.94

30,0.10,755.52
701,851. 34

47,847,300. 95

12,039,986.45

61,643,709. 82

28,951,857. 94

30,712,606.86

47,847, 300. 95

Aggregate.

$7,821,868.92 $17,914,877.73
12,723, 479.00 28,063,997.00'
25, 407.14
383,278. 60
428,755. 00
68,345. 00
1,072.00
121 00
99,290.00
3,013. 00
8,810,560. 00
1,282,460.00
95,296. 00
109,339. 00
21,083.16
5,015. 01
21.46
. 765. 00
12-45

LIABILITIES.

Outstanding
warrants
a n d checks
D i s b u r s i n g officers' b a l ances
Post-Office.
Department
account
O t h e r d e p o s i t a n d re' demption accounts
,
Total agency account
B a l a n c e t o c r e d i t of m i n t s
a n d a s s a y offices
Balance transfer account.,
Balance general account...
Aggregate




252,833.81

984, 409.84

422,063. 74

194,761. 37

496,942. 66

448,454. 60

4,583,062.16

1,630,531.19

836,202.89

3,883,290. 64

423,629. 97

2,338,406.08

808,901. 61

484,864. 43

315,366. 76

19,460. 64

197,442. 88

16,528. 73

15,941. 72

1,270,467. 29

1,144,379.02

8,103,320. 96

2,878,025. 27

. 1,531,770. 41

5,966,067.35

1,836,959. 67
9,058,647.76

1,142,732.63
3,207,011.74
49,190,644. 49

24, 391.29
3,603,262.64
22,446,178. 74

89,823. 37
1,957,600.13
27,133,412. 95

3,925,635.61
3,725,206. 95
34,230,391.04

12,039,986.45

61,643,709.82

28,951,857.94

30,712,606.86

47,847,300.95

163

TEEASUEEE.
No.

17.—^ASSETS OF THE TREASURY IN THE CUSTODY OF MINTS AND ASSAY OFFICES,
J U N E 30,
1906.

Boise City.

C a r s o n City.

Charlotte.

Dahlonega.

Deadwood.

BULLION FUND.

Gold coin
Gold b u l l i o n
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
Silver bullion
United States notes
Gold certificates
Minor coin
Balance in subtreasuries and
national banks
Total available
Unavailable .
Aererreerate

$125,855.97
21.39

$19,866.48
149,053.07
363. 00
319.12
1,666. 72

$8,289.12

$52,743 23
1
1

3,300.00

78,036.27

25,929.67

76,651.95

314,392.16
75,549. 75

34,218. 79
32,000.00

129, 395.18
$27,956.63

207,213. 63

.

143,123. 77

207,213. 63

389,941.91

66,218.79

' 27,950.03

Denver.

Helena.

•

New York.

Seattle.

129,395.18
St. L o u i s .

BULLION FUND.

$14,452,000.00
Gold coin
21,997,666. 40
Gold b u l l i o n
S t a n d a r d silver d o l l a r s
..
21,273.70
S u b s i d i a r y silver
Silver b u l l i o n
87,569.95
United States notes
Gold certificates
52,770.00
M i n o r coin
2.16
Balance in subtreasuries and
national banks
1,227,829. 38

$145,704.74

$47,268,400. 79 $4,747, 401. 52

$17,860. 32

487,777.95
14,733.00 .

18.94

.47
355,855.98

4,196,170.16

2,376,232. 80

24,391. 29

Total available
Unavailable

37,839, 111. 59

501,560. 72

51,967,082.37

7,123,634. 32

42, 270. 55

Aererreerate

37,839.111.59

501,560.72

51,967,082.37

7,123,634.32

42 270 55

Philadelphia.

San Francisco. New Orleans.

Total.

BULLION FUND.

$188,871,177.00 $201,195,515.00
Gold coin
.
18,696,600. 50
Gold b u l l i o n
13, 486,992. 26
S t a n d a r d silver d o l l a r s
107,105,054.00
62,301,050.00
S u b s i d i a r y silver
162,648. 90
860,231. 54
517,933.06
Silver bulUon
213,720.01
United States notes
860.00
Gold certificates
:
Minor coin
3,230.00
Balance in subtreasuries and national
4,257,141. 29
banks

$1,500,943.20 $406,039,501. 68
398,145. 83
107,094,713.75
29,582,425.00
198,988,892. 00
62,248. 70 •
1,106,743. 35
71,649. 06
1,380, 335. 69
5,224.00
23,257.00
•53, 630. 00
.76
3,233. 56

Total available
Unavailable
L o s s o n recoinage
A g g r e g a t e buUion fund . . . .

89,823. 37

12,851,185.93

315,050,060.58
13,543. 82
77.93

282,622,093.15
413,557.96
646.93

31,710, 459; 92
1,491.-88

727,541,492. 96
562,601. 56
2,216. 74

315,063,682.33

283,036,298.04

31,711,951. 80'

728,106,311. 26

M I N O R C O I N AND M E T A L FUND.

Gold certificates
Minor coin
Aggregate assets




100,000.00
1,120,525.03
316,284,207. 36

100,000.00
1,120,525.03
283,036,298.04

31,711,95L80

729,326,836. 29

164
No.

BEPORT ON T H E FINANOES.
1 8 . — G E N E R A L D I S T R I B U T I O N O F T H E A S S E T S AND L I A B I L I T I E S O F T H E T R E A S U R Y ,
J U N E 30,
1906.

Treasury
offices.

Miuts and National bank
and other
assay offices. depositaries. In transit.

Total.

•

ASSETS.

$400,000.00 $699,956,976.55
$293,517,474. 87 $406,039,50L68
107,094,713.75
107,094,713.75
Gold bullion
382.00 491,250,162.00
. 292,260,888.00 198,988,892.00
Standard silver dollars
95,040.46
5,393,632. 24 1,106,743.35
6,595,416.05
Subsidiarv siiver
1,380,335. 69
1,380, 335. 69
Silver bullion
23,257.00
9,821,439.00
896,100.00 10,740,796.00
United States notes
20,500.00
28,180.00
Treasury notes of 1890..
48,680.00
11,870,872.12
1,240,250.00 13,111,122.12
Nationai-bank notes
153,630.00
2,542,500.00 43,498,020.00
40,801,890.00
1,589,642.00
Siiver certificates
4,363, 304. 00
5,952,946.00
10,000.00
225,827. 27 1,123,758.59
1,359,585. 86
Minor coin
154.10
Fractional currency
154.10
$93,893,189.01
Deposits in national banks.
93,893,189.01
4,849.69
Bonds and interest paid
48,388. 60
53,238.29
Total available assets. 658,332,050. 20 715,910,832.06
562,601.56
701,851. 34
Unavailable
2,216.74
Unpaid loss on recoinage
Balance in subtreasuries
12,851,185.93
and national banks .
Transfer account
43,148,897.69
Aererreerate

93,893,189. 01 6,799,264.15 1,474,935,335.42
218,463.55
1,482,916. 45
2,216. 74
12,851,185.93
43,148,897. 69

. 1... 702,182,799. 23 729,326,836. 29 94, 111, 652. 56 6,799,264.15*1,532,420,552. 23

LIABILITIES.

Outstanding warrants and
checks
Disbursing officers' balances
Post-Office Department a.ccount
Bank-note 5 per cent redemption account
Other deposit and redemption accounts.'

5,329,087.44

961,023.74

6,290, m . 18

40,133,145. 78

11,732,950.31

51,866,096.09

9,609,960.27

7,846.05

9,617,806. 32

21,190,465.96

21,190,465.96

7,606,365.61

2,756,266.44

10,362,632.05

Total agency account. 83.869.025.06
12,701,820.10 2,756,266.44 99,327, m . 60
Balance to credit of mints
12.390.875.07
460,310. 86
and assay offices
12,851,185.93
Balance of transfer ac43,148,897. 69
count
43,148,897. 69
562,774,001. 41 729,326,836. 29 80,949,52L60 4,042,997.71 1,377,093, 357. 01
Balance general account
702,182,799. 23 729,326,836. 29 94, 111, 652. 56 6,799,264.15 1.532.420. .5.59. 2.*^

Aggregate

No. 19.—DISTRIBUTION OF THE GENERAL TREASURY BALANCE JUNE 30, 1 . 6
90.

Location.

Treasurer's general account.

Receipts not Balance as sho\vn
covered by
by warrants.
warrants.

Washington
Baltimore
•
New York
•
Philadelphia
Boston
Cincinnati
Chicago
St. Louis
New Orleans
'
San Francisco
Mints and assay offices
National banlcs
Treasury of Philippine Islands.
United States depositaries
In transit

$201,755; 953.51
10,917; 823. 69
186,163; 287. 39
9,838; 049. 89
12,039; 611.95
9,058, 647.76
49,190; 644. 49
22,446, 178. 74
27,133, 412.95
34,230, 391.04
729,326, 836. 29
81,005, 239. 08
059, 419. 65
3,702.17
997. 71
4,042;

$67,934.58
953. 41
158,301.66
31,508.20
15,558.82
11,265.40
10 ,-087.00
195,606.92
56,655.31
291,301.82

Total Treasurer's books.
On deposit with States
,

1,377,093,357.01

1,286,789.01

Total Treasury balance.




353,174. 42
94,441.47

$201,688 018.93
10,916 870. 28
186,004: 985. 73
9,806 541. 69
12,024; 053.13
9,047', 382; 36
49,180, 557. 49
22,250, 571. 82
27,076, 757. 64
33,939: 089. 22
72g,326' 836. 29
80,652' 064. 66
a 153: 861.12
3: 702.17
4,042; 997.71
1,375,806,568.00
28,101,644.91
1,403,908,212.91

a Overdraft.

165

TEEASUEEE.
No.

2 0 . — A V A I L A B L E A S S E T S AND N E T L I A B I L I T I E S O F T H E T R E A S U R Y AT T H E C L O S E
OF J U N E , 1905 AND 1906.

June 30, 1905.

June 30, 1906.

ASSETS.

Gold—Coin
Bullion.

$654,896,567.69
51,695,83L35

. .

Silver—Dollars
Subsidiary coin.
Bullion

494,644,529.00
13,386,482.03
3,297,587.83

Paper—United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates

14,260,319.00
140,982.00
15,690,957.31
32,579,220.00
10,400,292.00

Other—Minor coin
Fractional currency.
•Deposits in national banks,
etc
Bonds and interest p a i d . . . : .

$706,592,399.04

511,328,598.86

73,071,770.31

926,153.55
99.11
76,581,826.05
67,261.40

$699,956,976.55
107,094,713.75
491,250,162.00
6,595,416.05
1,380,335.69
. 10,740,796.00
48,680.00
13,111,122.12
43,498,020.00
5,952,946.00

499,225,913.74

73,351,564.12

1,359,585.86
154.10

77,575,340.11

93,893,189.01
53,238.29

95,306,167.26
1,474,935,335.42

1,368,568,108.32

Aererreerate

$807,051,690.30

LIABILITIES.

Agency account:
Outstanding warrants and checks
Disbursing officers' balances
Post-Office Department account.
Bank-note 5 per cent redemption
fund..
Other deposits and redemption
accounts
General account:
Gold certificates.;
Silver certificates
Treasury notes of 1890
Reserve fund
Balance

5,545,116.98
43,291,533.54
7,255,066.57
17,133,471.22

21,190,465.96

7,397,459.12
80,622,647.43
517,789,969.00
465,265,000.00
9,413,000.00
150,000,000.00
145,477,491.89

10,362,632.05

99,327, i n . 60

560,059,869.00
477,473,000.00
7,386,000.00
150,000,000.00
180,689,354.82
1,287,945,460.89

1,375,608,223.82

1,368,568,108.32

Aererreerate

No.

6,290, i n . 18
51,866,096.09
9,617,806.32

1,47-4,935,335.42

2 I 0 — A S S E T S AND L I A B I L I T I E S O F T H E T R E A S U R Y I N E X C E S S O F C E R T I F I C A T E S AND
T R E A S U R Y N O T E S AT T H E C L O S E O F J U N E , 1905 AND 1906.

June 30, 1905.

June 30, 1906.

$221,381 650.04
33,664; 408. 83
13,386, 482.03
14,260, 319.00
140, 982. 00
15,690, 957. 31
926, 153. 55
76,581, 826. 05
67, 261. 40

$290,489,841.30
13,724,443.69
6,595,416.05
10,740,796.00
48,680.00
13,111,122.12
1,359,585.86
154.10
93,893,189.01
53,238.29

376,100,139.32

430,016,466.42

80,622,647.43
150,000,000.00
145,477,491.89

99,327, i n . 60
150,000,000.00
180,689,354.82

376,100,139.32

430,016,466.42

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

99.11

Total..;

....
LIABILITIES

Agency account
Reserve fund
Available cash balance
Total
H . D o c . 9, 5 9 - 2




12

166

REPORT ON T H E FiLNANCES.

No.

22.—UNAVAILABLE FUNDS OF THE GENERAL TREASURY AND POST-OFFICE
DEPARTMENT JUNE 30, 1906.
GENERAL TREASURY.

On deposit with the following States under the act of June 23, 1836:
Maine
New Hampshire
Vermont
Massachusetts
Connecticut
Rhode Island
New York
Pennsylvania
New Jersey
Ohio
Indiana
Illinois
Michigan
Delaware
Maryland
Virginia
North Carolina
South Carolina
Georgia
Alabama
Louisiana
Mississippi
Tennessee
Kentucky
Missouri
Arkansas

:

'.

S955,838. 25
669,086.79
669,086.79
1,338,173.58
764,670.60
382,335.30
4,014,520.71
2,867,514.78
764,670.60
2,007,260.34
860,254.44
477,919.14
286,751.49
286,751.49
955,838.25
2,198,427.99
1,433,757.39
1,051,422.09
1,051,422.09
669,086.79
477,919.14
382,335.30
1,433,757.39
1,433,757.39
382,335.30
286,751.49'

•.

^.
:

:

Total on deposit with the States

S28,101,644.91
Deficits and defalcaiiona.

Subtreasuries:
Defalcation, subtreasury United States, New Orleans, 1867,
May and Whitaker
$67^, 325.22
Defalcation, subtreasury United States, New Orleans, 1867,
May property
5,566.31
Deficit, subtreasury United States, New Orleans, 1885
20,959.81
Mints and assay offices:
Deficits and defalcations, mint United States, San Francisco, 1857 to 1869
413,557.96
Defalcation, mint United States, Dahlonega, 1861
27,950.03
Defalcation, mint United States, Chiirlotte, 1861
32,000.00
Deficit, mint United States, Carson City.
75,549.75
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
Defalcation, depository United States, Baltimore, 1866
Defalcation, depository United States, Pittsburg, 1867
Deficit, depository United States, Santa Fe, 1866, short in
remittance

701,851.34

562,60L56

214,761.38

778.66
547.50
2,126.11
249.90

3,702.17

Total deficits and defalcations
Total general Treasury

1,482,916.45
•

Post-Office Department:
Defalcation, subtreasury United States, New Orleans, 1861
Defalcation, depository United States, Savannah, 1861
:
Defalcation, depository United States, Galveston, 1861
Defalcation, depository United States, Little Rock, 1861
Aggregate




29,584,561.36
31,164.44
205.76
83.36
5,823.50 "
^

37,277.06

29,621,838.42

167

TREASURER.

N o . 2 3 . — E S T I M A T E D STOCK OP GOLD COIN AND .BULLION, THE AMOUNT IN THE
TREASURY, AND THE AMOUNT IN CIRCULATION AT THE E N D OP EACH MONTH, PROM
JANUARY, 1902.

Month.
1902—January:
Estimated stock
In theTreasury.
I n circulation . .
February:
Estimated stock
In theTreasury.
I n circulation . .
March:
Estimated stock
In theTreasury.
In circulation . .
April:
Estimated stock
In theTreasury.
In circulation . .
May:
Estimated stock
In the Treasury..
In circulation..
June:
Estimated stock.
In theTreasury.
In circulation . .
July:
Estimated stock.
I n the Treasury.
In circulation . . .
August:
Estimated stock
I n theTreasury.
In circulation . .
September:
Estimated stock
In the Treasury.
In circulation . .
October:
Estimated stock
In theTreasury.
I n circulation. .
November:
Estimated stock
In the Treasury.
I n circulation . .
December:
Estimated stock
In theTreasury.
I n circulation . . ,
1903—January:
Estimated stock
In the Treasury .
In circulation . .
February:
Estimated stock.
In the Treasury .
In circulation..
March:
Estiuiated stock
I n the Treasury .
. In circulation . .
AprU:
Estimated stock,
In the Treasury .
In circulation..
May:
Estimated stock,
In the Treasury .
In circulation..
June:
Estimated stock
In the Treasury .
In circulation..
July:
Estimated stock
In the Treasury
In circulation..
August:
Estimated stock
In the Treasury
In circulation..




Gold coin.

Gold bullion.

Total.

Sl,057,145,188
422,411,341
634,733,847

$124,133,899
124,133,899

Sl,181,279,087
546,545,240
634,733,847

1,063,643,851
430,189,266
633,454,585

114,387,642
114,387,642

1,178,031,493
544,576,908
633,454,585

1,063,358,703
428,163,942
635,194,761

115,182,087
115,182,087

1,178,640,790
543,346,029
635,194,761

1,067,066,189
429,633,237
637,432,952

116,586,538
116,586,538

1,183,652, 727
546,219,775
637,432,952

1,067,002,208
435,110,581
631,891,627

117,586,681
117,586,681

1,184,588,889
552,697,262
631,891,627

1,068,311,784
435,917,495
632,394,289

124,282,805
124,282,805

1,192,594,589
560,200,300
632,394,289

1,067,034,785
435,878,352
631,156,433

126,890,672
126,890,672

1,193,925,457
562,769,024
631,156,433

1,074,838,670
442,629,552
632,209,118

128,673,081
128,673,081

1,203,511,751
571,302,633
632.209.118

1,080, n o , 347
455,382,287
624,728,060

135,124,538
135,124,538

1,215,234,886
590,506,825
624,728,060

1,082,156,751
457,783,106
624,373,645

148,516,021
148,516,021

1,230,672,772
606,299,127
624,373,646

1,083,674,894
452,263,926
631,410,968

158,655,872
158,655,872

1,242,330,766
610,919,798
631,410,968

1,087,807,422
458,126,790
629,680,632

159,069,293
159,069,293

1,246,876,715
617,196,083
629,680,632

1,095,101,623
466,077,708
629,023,915

157,740,852
157, 740,852

1,252,842,476
623,818,660
629,023,916

1,102,028,942
476,766,287
625,262,655

156,017,539
156,017,539

1,258,046,481
632,783,826
625,262,656

1,107,346,286
485,343,888
622,002, 398

154,396,916
154,396,915

1,261,743,201
639,740,803
622,002,398

1,107,120,714
483,988,254
623,132,460

160,182,865
160,182,865

1,267,303,679
644.171.119
623,132,460

1,101,766,986
477,784,977
623,982,009

159,678,138
159, 678,138

1,261,446,124
637,463,115
623,982,009

1,092,041,185
474,780,446
617,260,739

156,°640,343
156,640,343

1,248,681,628
631.420.789
617,260,739

1,095,300,467
474,420,677
620,879,790

160,448,601
160,448,601

1,266,749,068
634,869,278
620.879.790

1,094,345,709
473,969,550
620,376,159

173,388,240
173,388,240

1,267,733,949
647,357,790
620,375,159

168

REPORT ON T H E FINANCES.

N o . 2 3 . — E S T I M A T E D STOCK OP GOLD COIN AND BULLION, THE AMOUNT IN T H E
TREASURY, A N D T H E AMOUNT IN CIRCULATION-AT THE E N D OF EACH MONTH, FROM
JANUARY, 1902—Continued.

Month.
1903—September:
Estimated stock.
In the Treasury .
In circulation . . .
October:
Estimated stock.
In the Treasury .
I n circulation . . .
November:
Estimated stock.
In the Treasury .
In circulation . . .
December:
Estimated stock.
In the Treasury .
In circulation . . .
1904—Jan uary:
.Estimated stock.
In the Treasury .
In circulation...
February:
Estimated stock.
In the Treasury .
In circulation . . .
March:
Estimated stock.
In the Treasury.
In circulation . . .
April:
Estimated stock.
In the Treasury .
In circulation . . .
May:
Estimated stock.
In the Treasury .
In circulation .^..
June:
Estimated stock.
In theTreasury .
I n circulation . . .
July:
Estimated stock.
In the Treasury .
In circulation . . .
August:
Estimated stock.
In the Treasury .
In circulation . . .
September:
Estimated stock.
In the Treasury .
In circulation . . .
October:
Estimated stock.
In the Treasury .
In circulation . . .
November:
Estimated stock.
I n the Treasury .
In circulation . . .
December:
Estimated stock.
In the Treasury .
In circulation . . .
1905—January:
Estiraated stock.
In the Treasury .
In circulation . . .
February:
Estimated stock.
In the Treasury .
In circulation . . .
March:
Estiraated stock.
In the Treasury ,
In circulation
April:
Estimated stock.
In the Treasury.
In circulation...




Gold coin.

Gold bullion.

Total.

Sl,094,516,971
471,966,037
622,550, 934

$182,845,680
182,845, 680

$1,277,362,651
654,811,717
622,550,934

1,090,220,300
468,467,003
621,763,297

192,071,603
192,071,603

1,282,291,903
660,538,606
621,753,297

1,099,437,060
472,411,968
627.026.092

198,670,676
198,670,676

1,298,107,736
671,082,644
627.026.092

1,109,204,766
481,234,233
627,970,633

205,417,758
205,417,758

1,314,622,524
686,651,991
627,970,533

1,111," 496,883
483,691,028
627,906,865

215,344,672
215,344,672

1,326,841,555
698,935, 700
627,906,856

1,146,914,400
508,004,690
638,909,710

190,443,317
190,443,317

1,337,357,717
698,448,007
638,909,710

1,207,926,349
557,001,639
650,924,710

140, 877,621
140,877,621

1,348,803,970
697,879,260
660,924,710

1,239,660,256
• 583,600,838
656,159,418

112,324,321
112,324,321

1,351,984,577
695,825,169
666,159,418

1,270,165,981
625,271,433
644,894,648

42,954,887
42,954,887

1,313,120,868
668,226,320
644.894.548

1,285,080,291
639,262,715
645,817,576

42,576,107
42,676,107

1,327,656,398
681,838,822
645,817,576

1,284,748,247
640,635,267
644,112,980

67,674,493
57,674,493

1,342,422,740
698,309,760
644,112,980

1,281,212,025
634.547, 213
646.064.812

68,684,540
68,684,540

1,349,896,566
703, 231,753
646, 664,812

1,284,554.126
642,709,262
641,844,863

66,901,843
66,901,843

1,351,456, 968
• 709,611,106
641,844,863

1,314,583,906
672.790.813
641.793.093

48,463,176
48,463,175

1,363,047,081
721,253,988
641.793.093

1,305,440,609
657,940,060
647,500,549

46,975,024
45,975,024

1,351,415,633
703,916,084
647.500.549

1,297,139,999
647,591,471
649.548, 528

48,812,536
48,812,536

1,345,952,636
• 696,404,007
649,548, 528

1,294,195,377
644,667,875
649,527,502

47, on, 076
47, on, 075

1,341,206,452
691,678,950
649,527,502

1,286,600,046
640,848,326
645,751,720

44,566,674
44,565,674

1,331,166,720
685,414,000
646,761,720

1,291,997,470
647,270,924
644,726,546

46,277,076
46,277,076

1,338,274,546
693, 548,000
644,726,546

1.292,171,106
647, 747,895
644,423,211

51,726,053
51,726,053

1,343,897,159
699,473,948
644,423,211

i

169

TEEASUEEE.

N o . 2 3 . — E S T I M A T E D STOCK OF GOLD COIN AND BULLION, THE AMOUNI' IN THE
TREASURY, AND THE AMOUNT IN CIRCULATION AT THE E N D OP EACH MONTH, FROM
JANUARY, 1902—Continued.

Month.
1906—May:
Estimated stock.
In the Treasury .
In circulation . .
June:
Estimated stock.
In the Trea.sury .
In circulation . . .
July:
Estimated stock.
In the Treasury.
In circulation..
August:
Estimated stock,
In the Treasury .
In circulation . .
September:
Estimated stock.
In the Treasury .
In circulation . .
October:
Estimated stock:
I n the Treasury
In circulation .
November:
Estimated stock
In the Treasury
In circulation . .
December:
Estimated stock
In the Treasury
In circulation . .
1906—January:
Estimated stock,
In the Treasury .
In circulation..
February:
:Estimated stock
In tbe Treasury.
In circulation . .
March:
Estimated stock
In the Treasury .
In circulation..
April:
Estimated stock
In the Treasury
In circulation . .
May:
.Estimated stock
In the Treasury
In circulation . .
June:
Estimated stock
In the Treasury
In circulation . .
July:
.
Estimated stock
In the Treasury
In circulation . .
August:
Estimated stock
In the Treasury
In circulation . .
September:
Estimated stock
In the Treasury
In circulation . .




Gold coin.

Gold bullion.

Total.

$1,296,649,290
645,670,182
650,979,108

$55,413,738
56,413,738

$1,352,063,028
701,083,920
660,979,108

1,305,960,157
654,896,568
651,063,589

51,695,831
51,695,831

1,357,655,988
706,592,399
651.063.689

1,307,361,838
656, 745,258
650,616,580

61.066.505
61.065.506

1,368,427,343
717,810,763
650,616,580

1,316,242,709
663,239,161
653,003,548

63,561,605
63, 561,605

1,379,804,314
.726,800,766
653,003,548

1,314,507,078
662,176, 943
652,330,135

72,750,850
72,750,850

1,387,257,928
734,927,793
652,330,135

1,313,635,983
661,990,985
651,644,998

91.050,633
91,050,533

1,404,686,516
753,041,618
651,644,998

1,315,607,291
666,666,901
649,040,390

96,170,159
96,170,159

1,411,777,450
762,737,060
649,040, 390

1,318,995,964
664,827,939
654,168,025

100,947,160
100,947,160

1,419,943,124
765,775,099
654,168,025

1,325,016,490
670,222,793
654,793,697

98,203,723
98,203,723

1,423,220,213
768,426, 616
654,793, 697

1,322,876,970
674,020,918
648,856,052

94,130,469
94,130,469

1,417,007,439
768,151,387
648,866,062

1,326,831,495
682,838,188
643,993,307

91,370,715
91,370,715

1,418,202,210
. 774,208,903
643,993,307

1,342,812,911
670,288,507
672,524,404

90,637,659
90,637,669

1,433,450,570
760,926,166
672,524,404

1,369,656,302
686,229,424
683,426,878

97,265,072
97,265,072

1,466,921,374
783,494,496
683,426,878

1,368,612,051
699,956,976
668,656,075

107,094,714
107,094,714

1,475,706,766
807.051.690
668,655,075

• 1,376,804,530
700,824,869
676,979,661

118,801,964
118,801,964

1,495,606,494
819,626,833
675,979,661

1,383,961,942
707,782,428
676,179,614

123,541,907
123,541,907

1,507,503,849
831,324,336
676,179,614

1,410,506, 914
726,238,840
684,268,074

129,333,864
129,333,864

1,639,840,778
855,572,704
684,268,074

170
No.

REPORT ON T H E FINANCES.
2 4 . — E S T I M A T E D STOCK OF SILVER COIN, THE AMOUNT IN THE TREASURY, AND

THE AMOUNT IN CIRCULATION AT THE E N D OP EACH MONTH, FROM JANUARY,
ALSO SILVER OTHER T H A N STOCK H E L D IN THE TREASURY.

Month.
1902—January:
Estimated stock.
In the Treasury.
In circulation..,
February:
Estimated stock.
In the Treasury.
In circulation..,
March:
Estimated stock.
In the Treasury,
In circulation..,
April:
Estimated stock.
In the Trea.sury.
In circulation..
May:
Estimated stock.
In the Treasury,
In circulation..
June:
Estimated stock.
In the Treasury.
In circulation...
July:
Estimated stock.
In the Treasury.
In circulation..
August:
. Estimated stock.
In the Treasury,
In circulation..
September:
Estimated stock.
In the Treasury.
In circulation..,
October:
Estimated stock.
In the Treasury,
;rn circulation..,
November:
Estimated stock.
In the Treasury,
In circulation..
December:
Estimated stock.
In the Treasury,
In circulation.'.,
1903—January:
Estimated stock.
In the Treasury.
In circulation...
February:
Estimated stock.
In the Treasury.
In circulation...
March:
Estimated stock.
:in theTreasury.
In circulation...
Axjril:
.Estimated stock.
In theTreasury.
In circulation...
May:
Estimated stock.
In the Treasury.
In circulation...
June:
Estimated stock.
In theTreasury.
In circulation...
July:
.Estimated stock.
In the Treasury.
In circulation...
August:
;Estimated stock.
In the Treasury.
In circulation...




1902;

Standard
dollars.

Subsidiary
silver.

$533,057,617
461,761,744
71,295,873

$92,206,926
8,364,087
83,842,839

$625,264,643
470,125,831
156,138,712

$38,021,259

534,606,654
465,228,132
69,378,622

92,869,794
9,418,003
83,441,791

627,466,448
474.646.135
162,820,313

35,699,230

536,113, 305
466,933,853
69,179,452

93,417,944
10,725,509
82,692,436

629,631,249
477,659,362
161,871,887

34,310, n o

537,603,809
468,200,479
69,403,330

95,299,190
12,444,691
82,464,599

632,902,999
480,645,070
151,857,929

32,949,286

538,684,786
469,809,022
68,875,764

95,432,492
12,793,627
82,638,865

634,117,278
482,602,649
151, 514, 629

31,888,208

540,135,200
471,387,851
68,747,349

97,183,762
11,462,534
86,721,228

637,318,962
482,850,385
164,468,677

,132,596

540,682,817
471,776,362
68,906,466

98,226,389
12,002,930
86,222,459

638,908,206
483,779,282
155,128,924

31,442,360

542, 363,298
471,378,623
70,984,675

97,766,461
10,351,174
87,416,287

640,129,759
481,729,797
158,399,962

31,062,330

543,360,860
468,317,141
• 75,043,719

97,988,576
8,082,371
89,906,205

641,349,436
476,899,512
164,949,924

30,146,199

546,527,822
468,010,664
77,517,168

98,809,323
6,909,608
91,899,715

644,337,145
474,920,272
169,416,873

28,411,203

647,127,022
468,426, n o
78,700,912

99,511,076
6,428,213
93,082,863

646,638,098
474,864,323
171,783,776

26,979,708

548,098,168
469,787,834
78,310,334

100,769,876
6,419,206
94,360, 669

648,868,043
476,207,040
172,661,003

24,932,497

549,580,653
473,742,106
75,838,448

100,628,619
8,020,706
92,506,814

660,109,072
481, 762,810
168,445,262

24,076,588

560,683,664
475,532,410
76,161,264

100,615,082
8,624,739
91,990,343

661,298,746
484,167,149
167,141,597

23,160,458

651,616,317
477,138.477
. 74,476,840

100,786,118
8,500,673
92,286,446

662,401,435
486,639,160
166,762,285

22,642,078

552,268,056
478,281,578
73,986,478

101,141,563
8,831,987
92,309,566

653,409,609
487,113,565
166,296,044

23,288,935

552,876,093
479,468,884,
73,417,209

101,503,440
9,636,261
91,867,189

664,379,633
489.096.136
166,284,39B

21,701,025

554,400,226
482,008,986
72,391,240

102,034,667
9,307,873
92,726,694

656,434,793
491,316,859
165,117,934

21,349,002

656,428,603
482,860,149
72,568,364

101,679,100
9,432,720
92,246, 380

667,007,603
492,292,869
164,814,734

20,503,634

665,853,494
482,894,482
72,959,012

101,867,228
8,996,276
92,870,962

657,720,722
491,890,768
165,829,964

19,528,220

Other silver
items held.

171

TEEASUEEE.

N o . 2 4 . — E S T I M A T E D STOCK OF SILVER COIN, THE AMOUNT IN THE TREASURY, AND
THE AMOUNT IN CIRCULATION AT THE E N D OP EACH MONTH, PROM JANUARY, 1902;
ALSO SILVER OTHER T H A N STOCK H E L D IN THE TREASURY—Continued.

Month.
1903—September:
Estimated stock.
In the Treasury.
In circulation...
October:
Estimated stock.
In the Treasury.
In circulation...
November:
Estimated stock.
In the Treasury.
In circulation...
December:
Estimated stock.
In the Treasury.
In circulation...
1904—JanuaryEstimated stock.
I n the Treasury.
In circulation...
February:
Estimated stock.
In the Treasury.
In circulation...
March:
Estimated stock.
In the Treasury.
In circulation...
April:
Estimated stock,
n the Treasury.
In circulation...
May:
Estimated stock.
In the Treasury.
In circulation...
June:
Estimated stock.
In the Treasury.
In circulation...
July:
Estimated stock.
In the Treasury.
In circulation..,
August:
Estimated stock.
In the Treasury.
In circulation..,
September:
Estimated stock.
In the Treasury,
. In circulation..,
October:
Estimated stock.
In theTreasury,
I n circulation..,
November:
Estimated stock.
In the Treasury.
In circulation..,
December:
Estimated stock.
I n the Treasury,
In circulation..,
1905—January:
Estimated stock.
In- the Treasury,
In circulation..,
February:
Estimated stock.
In the Treasury.
In circulation...
March:
Estimated stock.
In the Treasury,
In circulation..
April:
Estimated stock,
In the Treasury
In circulation..




Standard
dollars.

Subsidiary
silver.

Total.

Other silver
items held.

$555,886,980 $102,826,368 $668,712,348
7,958,266 487,886,763
479,927,497
94,867,102
75,969,483
170,826,585

$19,044,131

555,034, 790
476,118,051
78,916,739

104,087,329
7,851,871
96,235,458

659,122,119
483, 969,922
175,152,197

18,336,121

554,739,235
473,939,275
80, 799,960

105,236,815
8,106,008
97,130,806

659,976,050
482,045,283
177,930,766

17,586,973

554,841,489
473,268,266
81,673,223

106,938,279
8,306,926
97,631, 352

660,779,768.
481,675,192
179,204.575

16,728,170

555,449,127
477,651,527
77,963,600

105,903,449
10,433,124
95,470,325

661,352.576
487,984,651
173,433,925

16, "829,364

557,198,489
480,798,298
76,400,191

106,903,896
11,417,518
.95,486,378

664,102,385
492,215,816
171,886,569

16,469,043

557,559,484
482,850,303
74,709,181

106,633,724
11,545,932
95,087,792

664,293,208
494,396,235
169,796,973

16,087,404

558, 579, 393 106,672,887
11,852,585
484,936,4.04
94,820,302
73,642,989

665,252,280
496,788,989
168,463,391

16,908,002

559,422,410
486,816,683
72,605,727

106,614,930
12,035,831
94,679,099.

666,037,340
498,852,514
167,184,826

15,307,748

559,891,605
488,577,779
71,313,826

107,062,021
11,633,678
95,528,343

666,953,626
500,111,457
166,842,169

16,380,998

560,244,263
489,662,702
70,581, 561

106,603, 340
11, 926,290
94,577,050

666,747,603
501,588,992
165,158,611

14,876,18

569,495,170
487,987,441
71,507,729

108,468,972
12,464,060
95,994,732

667,954,142
600,451,501
167,502.461

14,330,134

568,861,028
482,860,778
76,000,260

no, 300,314
11,460,297
98,840,017

669,151,342
494,311,076
174,840,267

14,149,679

558,677,161
479,234,038
79,443,123

no, 993,172
10,685,044
100,408,128

669,670, 333
489,819,082
179,851,251

14,164,024

558,434,892
477,912,010
80,622,882

111,694,407
9,808,023
101,886,384

670,129,299
487,720,033
182,409,266

14,096,314

558,484, 968
478,445,573
80,039,395

112,171,494
9,280,167
102,891,327

670,656.462
487,725,740
182,930,722

13,930,685

568,342,589
482,180,839
76,161,750

112,642,674
11,663,194
101,079,480

670,985,263
493,744,033
177,241,230

13,992,413

658,393,881
484,064,162
74,329,719

113,162,870
12,947,986
100,214,885

671,656,751
497,
,012,147
174,
,544,604

13,649,991

658,221,661
484,389,788
73,831,773

113,670,338
13,915,168
99,756,170

671,
,891,899
498,
,304,956
173,686,943

13,424,307

658,228,412
484,586,657
73,641,765

114,062,988
13,995,343
100,067,645

672,291,400
498,682,000
173,709,400

13,600,600

172

REPORT ON T H E FINANCES.

N o . 2 4 . — E S T I M A T E D STOCK OP SILVER COIN, THE AMOUNT IN THE TREASURY, AND
THE AMOUNT IN CIRCULATION AT THE EN.D OF EACH MONTH, FROM JANUARY, 1902;
ALSO SILVER OTHER T H A N STOCK H E L D IN THE TREASURY—Continued.

Month.
1906—May:
Estimated stock.
In the Treasury.
In circulation
June:
Estimated stock.
In the Treasury.
In circulation...
July:
Estimated stock.
In the Treasury.
I n circulation...
August:
Estimated stock.
I n the Treasury.
In circulation...
September:
Estimated stock.
In the Treasury.
In circulation...
October:
Estimated stock.
In theTreasury.
In circulation...
November:
Estin]ated stock
I n the Treasury.
In circulation...
December:
Estimated stock
In theTreasury.
In circulation...
1906—January:
Estimated stock.
In the Treasury.
In circulation...
February:
Estimated stock.
In the Treasury.
In circulation...
March:
Estimated stock.
In the Treasury.
In circulation...
April:
. Estimated stock.
In the Treasury.
In circulation...
May:
Estimated stock.
In the Treasury.
I n circulation...
June:
Estimated stock.
In the Treasury.
In circulation...
July:
Estimated stock.
I n the Treasury.
In circulation...
August:
Estimated stock.
In the Treasury.
In circulation...
September:,
Estim ated stock.
I n the Treasury.
In circulation...




Standard
dollars.

Subsidiary
silver.

Total.

Other silver
items held.

$558,678,556
485,060,912
73,617,644

$113,977,467
13,503,978
100,473,489

$672,656,023
498,564,890
174,091,133

$13,359,373

558,815,865
485,231, 529
73,584,336

114,824,189
13,386, 482
101,437,707

673,640,054
498,618, o n
175,022,043

12,710,588

559,039,217
485,452,319
73,586,898

114,507,936
13,070,177
101,437,769

673, 547,153
498,522,496
.176,024,667

12,486,594

559,220,217
483,638, 302
75,581,915

114,484,171 » 673,704,388
11,664,150
495,302,452
102,820,021
178,401,936

12,364,738

559,433,865
479,996,964
79,436, 901

115,246,222
" 9,706,256
105,539,966

674, 680,087
489,703,220
184,976,867

659,607,865
477, 785,554
81,822,311

115,554, 205
8,396,273
107,157,932

675,162,070
486,181,827
188,980,243

11,181,993

559,750,865
476.424.637
'83,326,228

116,385,553
7,609,174
108,776,379

676,136,418
484,033,811
192,102,607

10,408,539

569,898,865 > 116,990,855
6,961,490
476.162.638
110,029,365
83,736,227

676,889,720
483,124,128
193,765,592

9,573,189

560.142.865
479,725,320
80,417,545

117,111, 381
9.521,847
107,589,634

677,254,246
489,247,167
188,007,079

"9,"386,"35i

560,259,865
480,896,099
79,363,766

117,168, 956
9, 787,503
107,381,453

677,428,821
490.683.602
186,745,219

9,666,393

560.434.866
478,723,429
81,711,436

116,763,582
7,274,243
109,489,339

677,198,447
485,997,672
191,200,775

9,466, 350

560,567,865
480.143,809
80,424,056

116,919,774
7,425,109
109,494,665

677,487,639
487,668,918
189,918,721

560, 724,865
482,122,730
78,602,135

116,940,192
7,045,873
109,894,319

677,665,057
489.168.603
188,496,464

9,161,511

560.865,530
^.183; 864,162
77,001,368

118,224,920
6,695,416
111, 629,604

679,090,450
490,469,678
188,630,872

8,766,336

561,018,855
483, 903,200
77,115,656

117,802,471
5,826,342
111,976,129

678,821,326
489,729,542
189,091,.784

561,121,855
482,183,246
78,938,609

118,808,475
5,408,943
113,399, 532

679,930,330
487,592,189
192,338,141

561,229,855
479,567,148
81,662,707

120,056,795
4,055, 285
116,001, olO

681,286,650
483,622,433
197,664,217

1 742,753
,

8,607,247

173

TEEASUEEE.

N o . 2 5 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES OUTSTANDING, IN THE TREASURY, AND IN CIRCULATION AT THE E N D OP EACH MONTH,
PROM. J A N U A R Y , 1902.
Month.
1902—January:
Outstanding...
In the Treasury
In circulation..
February:
Outstanding . . .
In the Treasury
In circulation..
March:
Outstanding . . .
In the Treasury
In circulation..
April:
Outstanding . . .
In the Treasury
In circulation..
May:
Outstanding . . .
In the Treasury
In circulation..
June:
Outstanding . . .
In the Treasury
In circulation..
July:
Outstanding...
Ill the Treasury
In circulation..
August:
Outstanding . . .
In the Treasury
In circulation..
September:
Outstanding . . .
In the Treasury
In circulation..
October:
Outstanding
In the Treasury
In circulation..
November:
Outstanding . . .
. In the Treasury
In circulation..
December:
Outstanding . . .
In the Trea.sury
In circulation..
1903—January:
Outstanding . . .
I n the Treasury
In circulation..
February:
Outstanding . . .
In the Treasury
In circulation..
March:
Outstanding . . .
In the Treasury
In circulation..
April:
Outstanding . . .
In the Treasury
In circulation..
May:
Outstanding . . .
In the Treasury
In circulation..
June:
Outstanding . . .
I n the Treasury
In circulation..
July:
Outstanding . . .
In the Treasury
In circulation..
August:
Outstanding . . .
. In the Treasury
I n circulation..




United States
notes.

$346, 681,016
10, 999,371
335, 681,645

Treasury
notes.

Nationalbank notes.

$37,533,000
89,476
37,443,524

$359,444,
13,006.
346,437,

$743T658,631

24,095,800
719,562,831

346, 681,016
11, 278,286
335, 402,730

35,346.
177;
36,168;

368,434!
.10,864:
347,570;

740,461,883
22,320,517
718,141,366

346, 681,016
9, 987,171
693,845

33,963
8I;
33,88I:

357,476.
9,14i:
348,335;

738,120,423
19,210,285
718,910,138.,

346, 681,016
572,902
108,114

32, 638,
89,
32,648:

356^987.
8f982:
348,004;

736,306,415
17,645,047
718,661,368

346, 681,016
8: 536,279
338: 144,737

31,307,
164,
31,142,

356,747,
9,117:
347,630;

734,736,200
17,817,766
716,917,434

346, 681,016
12; 389, 294
334; 291,722

30,000,
197:
29,8O2:

356,672.
11,196:
345,476;

733,363,107
23,782,093
709, 571,014

346. 681,016
9: 252,347
428,669

, 28,763,
127'
28,636;

358,984.
12, 937:
346,046;

734,428,200
22,316, 981
712,111,219

681,016
6,539,242
341, 141,774

27,701
78:
27,622;

361,282.
14,726;
346,557,

735.664.707
20,342,804
715,321,903

346, 681,016
3, 760.930
342, 930;086

26,836,
94:
26,741:

366,993,
14,610,
352,383;

740,510,614
18,465,479
722,055,136

346, 681,016
3, 041,934
343, 639,082

25,796
47;
26,748,

380,476.
13,468:
367,007,

752,953,350
16,558,508
736,394,842

346, 681,016
2, 897,475
343, 783,541

26,054,
131'
24,922,

384,854,
13,302:
371,552;

756,589,530
16,330,979
740.258.661

346, 681,016
2, 910,158
343, 770,858

24,053.
132;
23,920,

384,929,
16,251
368,678;

756,663,800
19,293,985
736,369,816

346, 681,016
6,473,503
340, 207,513

22,953.
87:
22,866;

383,973,
21, 569,
362,404,

753.607.662
28,130,318
725,477,244

346, 681,016
4, 288,223
342, 392,793

22,232.
106,
22,125,

382,798,
16, on
366,787,

751,711,861
20,406,410
731,305,451

346, 681,016
2, 406,3:34
344, 274,682

21,501
80,
21,420,

382,519,
9,733,
372, 785,

750,701,274
12,220,566
738.450.708

346, 681,016
4, 607,707
342, 073,249

20,795,
124
20,670;

391,151
9,845,
381,306

758,627,744
14,677,633
744,050,111

346, 681,016
6,571,478
340, 109,538

20,013,
146,
19,866,

406,443,
11,362,
395,090,

773,137,221
18,070,023
755,067,198

346, 681,016
12, 432,449
334, 248,567

19,243,
166,
19,076,

413,670,
13,673,
399,996,

779,694,666
26,272,742
763,321,924

346, 681,016
11, 485.451
336, 195, 666

18,566,
- • 88,
18,467,

417,346,
15,948,
401,397

782,583,503
27,522,860
755,060,643

346, 681,016
11, 303,448
336, 377,668

17,970,
119,
17,850,

418, 587,
19,203,
399,384,

783,238,991
•30,626,239
762,612,762

174

REPORT ON T H E FINANCES.

N o . 2 5 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES OUTSTANDING, IN THE TREASURY, AND IN CIRCULATION AT THE E N D OP EACH MONTH,
PROM JANUARY, 1902—Continued.

Month.
1903—September:
Outstanding
In the Treasury.,
In circulation
October:
Outstanding
In the Treasury.,
In circulation
November:
Outstanding
In the Treasury.,
In circulation
December:
Outstanding
In the Treasury.,
In circulation
1904—January:
Outstanding . . . . ,
In the Treasury.
In circulation
February:
Outstanding
In the Treasury.,
In circulation
March:
Outstanding
In the Treasury.
In circulation—
April:
Outstanding
In the Treasury.
In circulation
May:
Outstanding
In theTreasury.
In circulation
June:
Outstaiiding
In the Treasury.,
In circulation
July:
Outstanding
In the Treasury.
In circulation
August:
Outstanding.
In the Treasury.,
In circulation
September:
Outstanding
In the Treasury.
I n circulation...
October:
Outstanding
In the Treasury..
In circulation
November:
Outstanding
I n t h e Treasury.
I n circulation
December:
Outstanding
In theTreasury.
I n circulation...
1905—January:
Outstanding
In the Treasury.
In circulation
February:
• Outstanding
I n the Treasury.,
In circulation
March:
• Outstanding
.In theTreasury.
In circulation
April:
Outstanding
. I n the Treasury..
In circulation




Treasury
notes.

Nationalbank notes.

$346, 681,016
10, 302,247
336; 378,769

$17,498,000
162,792
17,336,208

$420,426,536
15,620,837
404,906,698

$784,605,551
25,985,876
768,619,675

346 681,016
5 719,673
340 961,343

16,874,000
93,826
16,780,176

419,610,683
10,872,165408,738,618

783,166,699
16,686,663
766,480,036

681,016
387,365
314, 293,651

16,428,000
46,720
16,381,280

421,106,979
8,141,361
412,966,618

784,215,996
10,676,446
773, 640, 549

346 681,016
3 408,578
343, 272,438

15, 906, 000 425,163,018
77,147
12,009,829
15,828,853
413,163,189

787,750,034
15,496,554
772,254,480

346, 681,016
988,196
337 692,820

15,322,000
88,327
15,233,673

426,857,627
18,654,036
408,203,591

788,86,0,643
27,730,569
761,130,084

346, 681,016
368,475
337, 312,541

14,846,000
66,067
14,780,933

430,324,310
14,040,247
416,284,063

791,861,326
23,473,789.
768,377,537

346, 681,016
b 273,146
>
407,870
341
346, 681,016
6. 903,945
339; 777,071

14,372,000
57,324
14,314,676

434,909,942
10,116,596
424,793,346

795.962.958
15,447,066
780,516,892

13,987,000
133,805
13,853,195

437,080,673
12,716,566
424,366,007

797,748,589
19,753,316
777,995,273

346, 681,016
9: 376.636
337; 304,380

13,473,000
98,576
13,374,424

446,988,566
14,257,581
431,730,984

806,142,681
23,732,793
782,409,788

346, 681,016
12; 921,591
333, 759,426

12,978,000 449,235,095
75,943
16,207,259
12,902,057 - 433,027,836

808,894, 111
29,204,793
779,689,318

346, 681,016
15; 001, 782
331, 679,234

12,653,000
102,234
12,650,766

450,206,888
17,506,015
432,701,873

809,540,904
32,609,031
776,931,873

346, 681,016
13: 869,797
332; 811,219

12,226,000
56,813
12,168,187

462,516,773
18,623,087
433,893,686

811,422,789
32,649,697
778,873,092

346. 681,016
9: 756,258
336: 924,758

11,966,000
106,901
11,860,099

456,079,408
14,051,921
442,027,487

814,726,424
23,914,080
790,812,344

346, 681,016
4: 548,696
342; 132,421

11,613,000
61,113
11,551,887

457,281,500
12,041,082
445,240,418

815,676,516
16,650,790
798,924,726

346 681,016
4: 057,379
342, 623.637

11,331,000
44,070
11,286,930

460,679,075
12,298,003
448,381,072

818,691,091
16,399,452
802,291,639

346 681,016
4: 393,389
342; 287,627

11,019,000
78,946
10,940,054

464,794,166
16,636,878
449,167,278

822,494,172
20,109,213
802.384.959

346, 681,016
12, 217,996
334; 463,020

10,702,000
107,207
10,594,793

467,422,863
20,884, 648
446,538,205

824,805,869
33,209,861
791,596,018

346, 681,016
14 061,633
332; 619,383

10,330,000
46,417
10,283,583

469,203,840
16,107,136
463,096, 704

826,214,856
30,215,186
795,999,670

346 681,016
14, 616,143
332; 064,873

10,111, 000
63,224
10,047, 776

475,948,945
12,128,996
463, 819,960

832,740,961
26,808,362
806,932,699

346, 681,016
16, 008,354
331, 672,662

9,865,000
42,866
9,822,134

481,244, 945
12,854,398
468,390,'547

837,790,961
27,906,618
809,886,343

United States
notes.

Total.

175

TEEASUEEE.

N o . 2 5 . — U N I T E D STATES NOTES, TREASURY NOTES, AND NATIONAL-BANK NOTES OUTSTANDING, IN THE TREASURY, AND IN CIRCULATION AT THE E N D OF EACH M O N T H ,

PROM JANUARY, 1902—Continued.
Month.
1906—May:
Outstanding . . .
In. the Treasury
In circulation..
June:
Outstanding . . .
In the Treasury
In circulation..
July:
Outstanding . . .
In the Treasury
In circulation..
August:
Outstanding
In the Treasury,
In circulation..
September:
Outstanding
I n the Treasury,
In circulation...
October:
Outstanding
In the Treasury.
In circulation...
November:
Outstanding
In the Treasury.
In circulation...
December:
Outstanding
In the Treasury.
In circulation...
1906—January:
Outstanding
In the Treasury.
In circulation...
February:
Outstanding
In the Treasury.
In circulation...
March:'
Outstanding
In theTreasury.
. I n circulation...
April:
Outstanding
In the Treasury.
In circulation...
May:
Outstanding
In the" Treasury.
In circulation...
June:
Outstanding
In the Treasury.
In circulation...
July:
Outstanding
In the Treasury.
In circulation...
August:
Outstanding
In the Treasury.
In circulation...
September:
Outstanding —
In theTreasury.
In circulation...




United States|
notes.

681,016
14, 396,323
332,284,693

Treasury
notes.

Nationalbank notes.

Total.

$9,617,000 $488,327,516
13,968,127
33,709
9,683,291 474,359,389

$844,625,532
28,398,159
816,227,373

346, 681,016
14, 260,319
332, 420, 697

9,413,000
140,982
9,272,018

495,719,806
15,690,957
480,028, 849

861,813,822
30,092,258
821,721,564

346, 681,016
15, 249,241
331, 431,775

9,165,000
41,426
9,123,575

503,971,395
17,222,611
486,748,884

859,817,411
32,513,177
827,304,234

346, 681,016
13, 141,905
333,539,111

8,984,000
63.747
8,920,253

612,220,367
20,100,441
492,119,926

867,885,383
33,306,093
834,579,290

346, 681,016
10, 342.090
336, 338,926

8^96,000
• 30,142
8,764,858

616,352,240
16,101,921
500,260,319

871,828,256
26,474,153
846,354,103

346, 681,016
6,573,536
340, 107,480

8,621,000
26, 622
8,594,.378

524,408,249
12,194,985
612,213,264

879,710,265
18,795,143
860,915,122

346,681,016
3,484,466
343, 196,560

8,478,000
42,278
8,435,722

533,329,258
12,088,485
521,240,773

888,488,274
16,615,229
872,873,046

346, 681,016
3,418.925
843, 262.091

8,330,000
. 55,116
8,274,884

540,914,347
13,740,872
527,173,475

896,926,363
17,214,913
878,710,460

8,086,000
28,721
8,067,279

543,230,080
18,740,267
524,489,823

897,997,096
27,756,71.3
870,240,383

346, 681,016
10, 594,139
836,086,877

7,969,000
66,545
7,912,455

550,803,895
13,588,277
637,215,618

906,453,911
24,238,961
881,214,950

346,681,016
9,156,935
337, 524,081

7,794,000
26,905
•7,768,095

654,666.967
13,589,761
541,077,216

909,141,983
22,772,591
886,369,392

346, 681,016
9,550,695
337, 130,321

7,661,000
20,961
7,640,039

556,646,282
11,880,323
544,765,959

910,988,298
21,451^; 979
889,536,319

346, 681,016
11, 128,123
335, 652,893

7,504,000
26,782
7,477,218

559,129,660
13,869,358
545.260.302

913,314,676
25,024,263
888,290,413

346, 681,016
10, 740,796
335,940,220

7,386,000
48,680
7,337,320

561,112,360
13,111,122
548,001,238

915,179,376
23,900,598
891,278,778

346, 681,016
10, 221,624
336,469,392

7,232,000
17,004
7,214,996

561,481,045
12,983,507
548,497,638

915,394,061
23,222,136
892,171,926

346, 681,016
7,692,170
728,846

7,129,000
16.748
7,112,262

669.862.303
10,556, 637
559,296,666

923,662,319
18,626,656
905,136,764

346, 681,016
3,822,418
342, 858,598

7,021,000
22,438
6,998,^562

573,903,108
'9,755,104
564,148,004

927,605,124
13,699,960
914,005,164

i 681,016
,
1,987,735
,693,281

176

REPORT ON T H E FINANCES.

Ncf. 2 6 . — G O L D CERTIFICATES AND SILVER CERTIFICATES OUTSTANDING, IN THE
TREASURY, AND IN CIRCULATION AT THE E N D OP EACH MONTH, FROM JANUARY, 1902.

Month.
1902—January:
Outstanding
In the Treasury
In circulation . .
February:
Outstanding
In the Treasury
In circulation . .
March:
Outstanding
In the Treasury
In circulation . .
April:
Outstanding
In the Treasury
In circulation . .
May:
Outstanding
In the Treasury
In circulation . .
•June:
Outstanding....
In the Treasury
In circulation . .
July:
Outstanding
In the Treasury
In circulation . .
August:
Outstanding
In the Treasury
In circulation . .
September:
Outstanding
In the Treasury
In circulation . .
October:
Outstanding
In the Treasury
In circulation . .
November:
Outstanding
In the Treasury
In circulation . .
December:
Outstanding
^'
I n the Treasury
In circulation . .
1903—January:
Outstanding
In the Treasury
In circulation . .
February:
Outstanding
In the Treasury
In circulation . .
March:
Outstanding
In the Treasury
In circulation . .
Apri I:
Outstanding
In the Treasury
In circulation . .
May:
Outstanding
In the Treasury
In Circulation . .
June:
Outstanding
In the Treasury
In circulation . .
July:
Outstanding
In the Trea.sury
In circulation . .
August:
Outstanding
In the Treasury
In circulation . .




Gold
certificates.

Silver
certificates.

$325,722,089
18,217,250
307,504,839

$463,089,000
10,077,620
443,011,480

•$778, 811,089
28, 294,770
750; 516,319

330,258,089
24,502,390
305,755,699

450,471,000
6,673,704
443,797,296

780, 729,089
31 176,094
749, 552,995

334,581,089
36,093, n o
208, 487,979

454,255, 000
6,672,408
447,582,592

788, 836,089
42,•765,518
746, 070.571

341,620,089
38,345,600
303,274,489

456,944,000
6,820,496
449,123,504

797, 564,089
45; 166,096
752; 397,993

345,272,089
39,129,220
306,142,869

455,607,000
7,657,584
447,949,416

800, 879,089
46, 786,804
754, 092,285

346,612,089
40,213,080
306,399,009

453,997,000
7,439,338
446,567,662

609,089
. 800,
47 652,418
752, 956,671

356,986,089
42,221,070
314,764,019

466, 217,000
8,771,458
447,445,542

813, 202,089
50, 992,628
762, 209,661

369,390,089
52,746,150
306,644,939

468,786,000
6,427,977
452,357,023

818, 176,089
59. 173,127
759, 001,962

363,311.089
68,929,035
304,382,054

465,762,000
6,180,522
459,571,478

829, 063,089
65, 109,557
• 763,
953,532

367,078,569
24,322,375
342,756,194

467,442,000
.4,271,562
463,170,438

834, 520,569
28, 593,937
805, 926,632

376,358,569
30,406,545
345,952,024

467,824,000
4, 619,160
463,304,840

844, 182,569
34 925,705
8O9; 256,864

383,564,069
37,145,250
346,418,819

468,957,000
6,386,368
463,570,632

852, 521,069
42, 531,618
989,451

398,621,069
22,586,255
376,034,814

466,297,000
8,440,401
456,856,599

863, 918,069
31 026,656
832 891,413

399,062,069
26,930,025
373,132,044

463,431,000
6,276,417
457,154,683

862, 493,069
32: 206;442
830; 286,62'i

402,008,069
39,083,070
362,924,999

466,498,000
4,910,447
461,587,553

506,069
43, 993,517
824; 512,552

410,257,869
28,626,410
381,631,459

464,373,000
5,129,354
459,243,646

874, 630,869
33: 755,764
•840, 875,.105

411,199,869
29,945,380
381,254,489

462,550,000
5,963,269
456,586, 731

873, 749,869
35; 908,649
841,220

409,119,869
31,861,310
377,258,559

464,706,000
9, 972,987
454,733,013

873, 826,869
41: 834,297
831 991.572

412,087,869
26,718,470
386,369,399

463,614,000
8,720,068
454,893,932

875, 701,869
34 438,538
84i; 263,331

416,385,869
22,229,950
394,165,919

462,384,000
6,456.616
456,928,384

878, 769,869
28, 685,566
850: 084,303

Total.

177

TEEASUEEE.

N o . 2 6 o — G O L D . CERTIFICATES AND SILVER CERTIFICATES OUTSTANDING, IN THE
TREASURY, AND IN CIRCULATION AT THE E N D OP EACH MONTH, PROM JANUARY, 1902—

Continued.
Month.
1903—September:
Outstanding
I n the Treasury .
In circulation [..
October:
Outstanding
I n the Treasury .
I n circulation . . .
November:
Outstanding
I n the Treasury .
In circulation . . .
December:
Outstanding
In the Treasury .
In circulation . . .
1904—January:
Outstanding
In the Treasury .
I n circulation . . .
February:
Outstanding
In the Treasury .
In circulation . . .
March:
Outstanding
In the Treasury .
In circulation ....
April:
" Outstanding
^
In the Treasury .
In circulation . . .
May:
Outstanding
In the Treasury .
In circulation . . .
June:
Outstanding
In the Treasury .
In circulation . . .
July: •
Outstanding
In the Treasury .
In circulation . . .
August:
Outstanding
In the Treasury .
In circulation . . .
September:
Outstanding
In the Treasury .
In circulation . . .
October:
Outstanding
In the Treasury .
In circulation "...
November:
Outstanding
In the Treasury .
In circulation . . .
December:
Outstanding
I n the Treasury .
In circulation . . .
1905—January:
Outstanding
In the Treasury .
In circulation . . .
February;
Outstanding
In the Treasury .
In circulation . . .
March:
Outstanding
In the Treasury .
In circulation . . .
April:
*
Outstanding
In the Treasury .
In circulation . , ,




Gold
certificates.

Silver
certificates.

$420,487,869 $464,715,000
26,390,210
6,192,784
391,097,659
458,622,216

Total.

$885,202,869
32,582,994
852,619,876

433,198,869
31,562,670
401,646,299.

469,771,000
7,407,961
462,363,039

902,969,869
38,960,631
864,009,338

441,739,869
37,668,940
404,070,929

473,041,000
6,639,918
466,601,082

914,780,869
44,208,858
870,572,011

447,176,869
26,096,850
421,080,019

472,247,000
6,410,710
465,836,290

919,422,869
32,506, 660
886,916,309

487,949,869
18,376,260
469,573,609

464,261,000
8,325,172
466,936,828

952,210,869
26,701,432
926,509,437

477,903,869
15,696,890
462,206,979

469,942,000
947,846,869
7,840,898
23,537,788
462,101,102 • 924,308,081

467,660,869
18,311,300
449,349,569

473,085,000
7,032,921
466,062,079

940,745,869
25,344, 221
916,401,648

493,457,869
29,509,800
463,948,069

472,556,000
6,475,916
466,079,084

966,012,869
36,985, 716
930,027,163

489,974,869
39,340,940
450,633,929

471,662,000
7,505,174
464,156,826

961,636,869
46,846,114
914,790,755

494,630,569
28,975,470
465,666,099

470,476,000
.9,337,302
461,138,698

965,106,569
38,312,772
926,793,797

621,430,969
20,566,840
600,864,129

469,646,000
10,123,090
459,621,910

991,075,969
30,689,930
960,386,039

627,336,969
23,617,610
603,719,459

468,329,000
6,808,840
461,520,160

995, 665,969
30,426,350
965,239,619

528,491,969
41,979,830
486,612,139

474,322,000
6,182,124
468,139,876

1.002,813,969
48,161,954
954,652,015

631,479,969
41,286,210
490,193,769

478,464,000
5,760,168
472,713,832

1,009,943,969
47,036,378
962,907,591

530,780,969
60,678,600
470,102,469

477,320,000
5,736,666
471,684,444

1,008,100,96*9
66,414,056
941,686,913

624,684,969
57,945,280
466,739,689

477,102,000
9,084,773
468,017,227

1,001,786,969
67,030,053
934,756,916

525.969,969
35,526,600
490,434,369

474,225,000 1,000,184,969
13,974,954
49, 500,654
950, 684,415
460,250, 046

621,149,969
38,593,160
482,666,819

469, 656,000
7,893,101
461,761,899

990,804,969
46,486,251
944,318,718

518,186,969
45,870,650
472,316,319

468,314,000
6,883,424
462,430,576

986,600,969
51,754,074
934,746,895

519,204,969
32,062,750
487,142,219

469,349,000
6,502,487
462,846,513

988,553,969
38,565,237
949,988, 732

178

REPORT ON T H E FINANCES.

N o . 2 6 . — G O L D CERTIFICATES AND SILVER CERTIFICATES OUTSTANDING, IN THE
TREASURY, AND IN CIRCULATION AT THE E N D OP EACH MONTH, FROM JANUARY, 1902—

Continued.
Month.
1905—May:
.Outstanding
In the Treasury
In circulation . .
June:
Outstanding
I n the Treasury
In circulation . .
July:
Outstanding
In the Treasury
In circulation . .
August:
Outstanding
In the Treasury
In circulation . .
September:
Outstanding
In the Treasury
In circulation . .
October:
Outstanding
I n the Treasury
In circulation . .
November:
Outstanding
I n the Treasury
In circulation . .
December:
Outstanding
^
In the Treasury
I n circulation . .
1906—January:
Outstanding
I n the Treasury
In circulation . .
February:
Outstanding
In the Treasury
In circulation . .
March:
Outstanding
In the Treasury
In circulation . .
April:
Outstanding
In the Treasury
In circulation . .
May:
Outstanding
In the Treasury
In circulation . .
June:
Outstanding
In the Treasury
In circulation . .
°
July:
Outstanding
In the Treasury
In circulation ' .
August:
Outstanding
In the Treasury
In circulation . .
September:
Outstanding
I n the Treasury
In circulation . .




Gold
certificates.

Silver
certificates.

$519, 762,969 $466,160,000
36,861,970
5,687,897
482,910,999
460,462,103

Total.

$986,912,969
42,539,867
943,373,102

617,789,969
32,679,220
485,210,749,

466,265,000
10,400,292
454,864,708

983,054,969
42, 979,612
940,075,457

618,411,969
24,974,090
493,437,879

466,160,000
7,631,049
458,618,951

984,561,969
32,605,139
961,966,830

622.202,969
30,867,730
491,336,239

471,736.000
7,395,969
464,339,041

993, 937, 969
38,263,689
955,674,280

520,047,969
48,461,990
471,595,979

476,017,000
6,043,693
469,973,307

995.064.969
63,496,683
941,669,286

524,465,969
44,490,630
479,966,439

476,308,000
4,682,224
471,625,776

1,000,763,969
49,172,764
951,691,215

626,020,869
48,866,620
477,154,249

475,735,000
4,770,752
470,964,248

1,001,765,869
53,637,372
948,118,497

527,493,869
46,664,860
480,939,019

476,574,000
11, 613,616
463,960,486

1,003,067,869
68,168,366
'944,899.504

539,252,869
30,683,230
608,569,639

467,926.000
8,906,866
459,019,134

1,007.178,869
39,590,096
967,588,673

542,360,869
60,627,660
491,733,319

467,164,000
4,411,037
462,752,963

1,009,524,869
55,038,587
954,486,282

644,746,869
54,916,250
489,830,619

469,729,000
4,618,305
466, no, 696

1,014.475,869
69,634,556
954,941,314

560,691,869
49,996,480
600, 696,389

472,644,000
6,069,530
467,574.470

1,023,336,869
55,066,010
968,270,859

657,699,869
43,796,080
613,803,789

474,640,000
4,976,414
469,663,686

1,032,239,869
48,772,494
983,467,375

660,069,869
43,498,020
516,561,849

477,473,000
6,962,946
471,620,054

1,037,632,869
49,460,966
988,081,903

563,984,869
34,671,490
529,313,379

477.637.000
6.844,312
470,792,688

1,041,621,869
41,515,802
1,000,106,067

569,739,869
49,773,980
619,965,889

481,392,000
8,099,009
473,292. 991

1,051,131,869
67.872,989
993,258,880

681,740,869
39,882,940
641,857,929

478,662.000
4,223,690
474,338, 310

1,060,302,869
44,106,630
1,016,196,239

179

TREASURER.
No.

2 T . — E S T I M A T E D STOCK OP ALL K I N D S OP MONEY AT THE E N D OP EACH MONTH,
PROM J A N U A R Y ,

1900.

[Notes i n c l u d e U n i t e d S t a t e s n o t e s , T r e a s u r y n o t e s , a n d n a t i o n a l - b a n k notes.]
Month.
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...
November
December.
1905—January-..
February .
March
April
May
June
July
August
September
October...
November
December.
1906—January . .
February .
March
April
May..
June
July
August
September




Gold.

Silver.

022,943, 682 $667,392,977
026,825,162
658,406,459
034,203,613
660,636,902
043,525,117
564,848,474
041,631,374
569,170,051
,036,031,645
573,519,075
053,518,893
576,906,972
049,347,994
680,864,829
059,288,820
584,350,091
080,027,407
686,767,447
099,184,997
587, 603,912
108,641,829
592,259,981
112,427,728
595,908. 394
117,032,760
598,969,196
124,157, 697
602.406,066
129,267,647
604,931,730
123,738,871
608,097.146
124,729,261
610,552,826
135,970,656
612,538,923
147,836,145
615,490,217
160,353,790
617,158,406
174,883,624 . 620,687,168
171,839,976
621,000,193
176,172,153
622,707,998
181,279,087
625,264,643
178,031,493
627,466,448
178,640,790
629,531,249
183, 652,727
632,902,999
184,588,889
634,117,278
192,694,689
637,318,962
193,925,467
638,908,206
203,611,751
640,129,759
215,234,886
641,349,436
230,672,772
644,337,145
242,330,766
646,638,098
246,876,715
648,868,043
252,842,475
650,109,072
258,046,481
651,298,746
261,743,201
652,401,436
267,303,579
653,409,609
261,445,124
654,379,533
248,681,528
656,434,793
256,749,068
667,107,603
267,733,949657,720,722
277.362,651
658,712, 348^
282. 291,903
659,122,119
298,107. 736
659,976,050
314,622,524
660,779,768
326,841,565
661,352,576
337,367.717
664,102,386
348,803,970
664,193,208
351,984,577
666,252,280
313,120,868
666,037,340
327,656,398
666,953, 626
342,422,740
666,747,603
349,896,665
667,953,962
351,456,968
669,151,342
363,047,081
669, 670,333
361,415, 633
670,129,299
346,952,535
670,666,462
341.206,452
670,985,263
331.165,720
671,556,751
338,274,546
671,891,899
343,897,159
672,291,400
352,063,028
672,656,023
357,656,988
673,640,054
368,427,343
673,547,153
379,804,314
673,704,388
387,267,928
674,680,087
404,686,616
675,162,070
411,777,450
676,136,418
419,943,124
676,889,720
423,220,213
677,254,246
417,007,439
677,428,821
418,202,210
677,198,447
433,460,670
677,487,639
466,921,374
677,665,057
475,706,765
679,090,450
495,606,494
678,821,326
607,603,849
679,930,330
639,840,778
681,286,660

Notes.
$681,621.039
683,396,244
703,090,354
714.669,382
726,690,776
732,348.460
740,314.907
741,373,341
742,811,444
743,937,664
742.421,316
748,219,191
751v780,887
751.293.272
750.663.422
749.325.273
748,047,606
748,206,203
748,862,919
748.533.171
748,537,564
748,026,699
746,61-1,727
746^6,66,742
743,658,631
740,461,883
738.120.423
736,306,415
734, 735,200
733,353,107
734,428,200
736,664,707
740,510,614
752,953, 350
766,689,530
756,663,800
753,607, 662
751,711,861
750,701,274
758,627,744
773,137, 221
779,594,666
782,583, 503
783,238,991
784,605,551
783,165,699
784,215,996
787,750,034
788,860,643
791,851,326
795,962,968
797,748,589
806,142,681
808,894, 111
809,540, 904
811,422, 789
814.726.424
815, 575,516
818,691,091
822.494.172
824,805,869
826,214,866
832,740,961
837,790,961
844, 625,632
851,813,822
859,817,411
867,885,383
871,828,256
879,710,266
888.488.274
895,925,363
897,997.096
906,453,911
909,141,983
910.988.298
913,314, 676
916.179,376
916,394,061
923,662,319
927,605,124

Aggregate.
261,957,
267,626,865
297,829,869
323,042,973
337,392,200
341,899,180
370,740,772
371,676,164
386,450,355
410,722,518
429,210,225
449,021,001
460.117,009
467.-296.228
477.227,186
483,524,650
479,883,623
483,488,290
497,372.398
611,859,633
526,049.760 •
543,597,491
539.351,896
544.446,'893
550,202,261
545,969,824
546,192,462
562,862,141
653,441,367
563,266,658
667,261,863
679,306,217
697,094,935
627,963,267
645.558,394
651,408,568
666.559,109 .
661,057,088
664,8.45,910
679,340.932
688,961,878
684.710,987
695,440 174
708,693,662
550
720, 680,
721
724, 579:
781
742, 299,
763,152,326
777. 054,
774
793,311,428
808,960,136
814,985,416
785,300,789
803,604,135
818.711,247
829.273,316
835,333,734
848,292,930
840,236,023
839,103,169
836,997,584
828,937,327
842,907,406
853,979,520
869,344,583
883,109,864
901,791,907
921,394,085
933,766,271
959,558,851
976,402,142
992,768,207
998,471,566
999,890,171
004,542,640
021,926,607
057,901,107
069,976,591
089,821,881
111,096,
148, 732,

180
No.

REPORT ON T H E FINANCES.
2 § . — E S T I M A T E D AMOUNT OP ALL K I N D S OF MONEY IN CIRCULATION
E N D OP EACH MONTH, FROM JANUARY, 1900.

Month.
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 . .
November
December
1905—January . .
February.
March
April
May
June
July
August . . .
September
October...
November
December
1906—January . .
February.
March
April
May . . . . . . .
June
July
August . . . .
September




Gold.
B619 447,
612 333,
612 202,
616 535,
618 624,
614 918,
622 348,
620 696,
620 047,
621 761,
624 702,
629 192,
615 576,
628 333,
626 824
629 240,
628 021,
630 407,
630 647,
630 037,
631 201
633 858,
632 001
635 374
634 733
633 454
635 194
637 432
631 891
632 394
631 156
632 209
624 728
624 373,
631 410,
629 680,
629 023,
625 262,
622 002,
623 132,
623 982,
617 260,
620 879,
620 375,
622 550,
621 753,
627 025,
627 970,
627 905,
638 909,
650 924,
666 169,
644 894,
646 817
644 112
646 664
6 1 844
4
641 793
647 500
649 548
649 527
645 7 1
5
644 726
644 423
660 979,
661 063,
650 616,
663 003,
652 330,
651 644,
649 040,
654 168,
654 793,
648 856,
643 993,
.672 524,
683 426,
668 655,
675 979,
676 179,
684 268,

Silver.
$143,317,
143,932:
143,440:
14.3,334
143,304
142, 723,
142,300,
144,688,
150,608
164,514;
155,528,
159,305,
154,295,
152,513,
153,153,
149,099,
148,067;
146,287;
146,784
148,8O9;
• 162,739;
167,112:
167,387:
158,301
156,138:
152.820,
151,87i:
152,257:
151,514:
164,468,
156,128,
158,399:
164,949:
169,416;
171,783,
172,661
168. 346
167;141
166,762,
166, 296
165,284
165,117,
164,814
.165,829
170,826
175,152
177,930
179,204:
173,433;
171,886
169,796,
168.463
167,184
166,842,
165.158,
167,602,
174,840,
179,851'
182,409,
182, 930:
177,241
174,544
173,586
173, 709:
174,091'
175,022,
175,024
178,401
184,976;
188,980,
192,102
193,766,
188,007,
186,745,
191,200,
189,918,
188,496,
188,630,
189,091
192, 338;
197,664

AT THE

Certificates.
$644,402
650,026;
674,610,
688,673
695,447
692,023;
701,864,
702,476,
711,443:
724,148;
723,979,
728, ooo;
724,506,
729,872;
731,773,
733,130:
727,6O2:
725,134:
725,638,
726,049,
730,292:
731,840:
730,716:
729,462:
719,562:
718,14i:
718,910,
718,661,
716,917,
709,67i:
712,111:
715,321:
722,056,
736,394
740,268:
736,369:
725,477:
731,305;
738,480,
744,O6O;
755,067
753,321
765,06O;
752,612,
758, 619,
766,480,
773,640:
772,264,
761.130,
768,377'
780,615,
777,995,
782,409,
779,689
776,931
778,873
790,812
798,924:
802,291
802, 384
791,596:
795, 999
806,932:
809,885:
816,227:
821,721:
827,304:
834,579:
845,354:
860,915:
872,873:
878,710,
870.240:
881,214
886,369;
889,536
888,290:
891,278
892,17i:
905,136
914,005,

,934 $2 003,149,
$596, 981,'
596, 639,!
,824
2 002,931,
591. 021,
,210
2 021,274,
611, 981,' 219 2 060,525,
,
617, 311,'
,948
2 074,687,
612, 759, J
,816
2 062,425,
620, 840,' 703 2 087,353,
,
628, 824,'
,096
2 096,683,
,084
631, 196, (
2 113,294,
638. 756,'
),714
2 139,181,
654, 549,'
),756
2 158,761,
656, 747,;
,332
2 173,251,
696, 401,1
,601
2 190,780,
679, 889,'
),429
2 190,609,
675, 492,.
>,419
2 187,243,
683, 833,; 321 2 195,304,
J,
680, 906,:
)a47
2 184,497,
675, 356,'477
),
2 177,186,
686, 518,:
5,168
2 189,487,
692, 893,. 491 2 197,789,
i
,
712, 955,:131
),
2 227,188,
723, 488, <
5,996
2 246,300,
730, 150, i
),641
2 250,256,
727, 489, <
),961
2 250,627,
750, 516,;319
),
2 259,951,
749, 652,'
>,995
2 253,969,
746, 070, i
),571
2 252,047,
752, 397,' 993 2 260, 760,
•,
754, 092, i
1,285
2 254,416,
752, 956,1
1,671
2 249, 390,
762, 209, 561
), i
2 260,606,
759, 001,'
,962
2 264,932,
763, 953,1 532 2 275,686,
5,
805, 926,1
),632
2 336,111,
809, 256,1
),864
2 362,710,
809, 989,^
),451
2 348,700,
832, 891,
,413 • 2
355,738,
830, 286, (
),627
2 353,996,
824, 512, J
J, 552 2 361,767,
840, 876,:
),106
2 374,353,
837, 841,:
L,220
2 382,174,
831, 991,1
,572
2 367,692,
841, 263.;
5,331
2 382.018,
850, 084,;
,303
2 388,902,
852, 619, i
1,875
2 404,617,
864, 009,;338
),
2 427,394,
870, 572,1
>,309 2 449,168,
o n 2 466,345,
886, 916,;
),
925, 509,'
9 487,979,
),437
924, 308,1
5,081
2 603,481.
915, 401,1
,648
2 516, 639,
930, 027,:
M53
2 532, 645,
914, 790,', 755 2 509,279.
1
926, 793,'
5,797
2 519,142,
960, 386,1
),039
2 646,589,
965, 239,1 619
),
2 568.279.
954, 652,1
^015
2 662,149,
962, 907,,
^591
2 583,476,
941, 686,5,913
<
2 573,888,
934, 756,1
),916
2 569,621,
950, 684,.
1,415
2 569,049,
944, 318,'
5,718
2 560,614,
934, 746,^
5,896
2 558,992,
949, 988,'
5,732
2 578,006,
943, 373,
5,102
2 584, 670,
940, 075,'
),457
2 587,882,
951, 956,^
5,830
2 604,902,
'955, 674,;,280
2 621,659,
941, 669,:
),286
2 624,230,
951, 591,:
,216
2 653,131,
948, 118,'
5,497
2 662,134.
944, 899, i
),504
2 671,543,
967, 588,'
5,773
2 680,629,
954, 486,;
5,282
2 671,302,
954, 941, ,314
2 676,504,
968, 270,^
),859
2 720,250,
467,;
",376
2 743,681,
081.'
,903
2 736,646,
5,067
1,000, 106, (
2 757,349,
5,880
993, 258, {
2 766,913,
5,239
.1,016, 196,:
2 812,133,

181

TEEASUEEE.
No.

29'.—ASSETS OF THE TREASURY OTHER THAN GOLD, SILVER, NOTES, AND C E R TIFICATES AT THE E N D OP EACH MONTH, PROM JANUARY, 1900.

Month.

M i n o r coin. F r a c t i o n a l
currency.

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
Juiie
July
August
September .
October —
November .
December..
1904—January . . .
February ..
March
April
May..
Jurie
July
August
September.
October
November .
December..
1905—January
February...
March
April
May
June
July
August
September .
October
November .
December..
1906—January . . .
February ..
March
April
May
J u n e .'
July
August
September .

$^184,
483,
499,
481,
436,
4'40,
461,
498,
464,
' 432,
296,
448,
600,
582,
692,
602,
646,
514,
662,
61.3,
502,
475,
344,
382,
770,
769,
962,
871,
1,086,
919,
810,
1,010,
701,
7.38,
637,
686,
786,
768,
960,
813,
619,
894,
811,
681,
406,
480,
454,
450,
698,
796,
918,
872,
811,
755,
732,
655,
596,
631,
694,
636,
807,
858,
1,018,
912,
809,
926,
787,
621,
602,
534,
248,
471,
696,
754,
856,
760,
578,
1,359,
1,243,
967,
672,

H. Doc. 9, 59-2- -13



$72
74
98
146
96
194
125
60
141
61
62
133
131
160
143
132
96
1,252
148
114
178
141
646
132
116
71
156
161
96
147
144
161
141
195
98
183
154
202
182
226
202
941
116
156
116
61
118
156
178
209
204
200
128
195
172
100
187
95
142
187
173
72
119
99
160
524

144
74
137
103
152
126
154
195
128
158

Deposits
in national
banks.
$107 936,
111 793,
642,
851,
111 322,
101 879,
96 584,
96 064,
96 997,
96 478,
95 429,
96 699,
97 359,
97 827,
97 649.
98 322,
101 760,
101 416,
101 961,
103 035,
108 514,
840,
112 896,
112 663,
112 678,
113 433,
118 041,
120 396,
124 882,
123 983,
126 162,
125 382,
133 932,
146 885,
148 911,
150 216,
150 098,
150 652,
150 150,
150 389,
150 557,
147 842,
.151,662,
152 ;^17,
161 778,
167, 329,
168 047,
166, 446,
166, 596,
162 506,
162, 058,
162, 729,
114, 533,
726,
112, 642,
112, 841,
112 303,
114 558,
112 041,
111 550,
102 407,
102 128,
89 395,
88 257,
78 457,
73 757,
66 715,
64 059,
64 618,
65 726,
65 607,
64 764,
64 343,
65 333,
76 350,
102 918,
92 634,
90 443,
84 480,
106 355,
134 619,

Deposits i n
t r e a s u r y of B o n d s a n d
interest
Philippine
paid.
Islands.

no
no

no

no,

3,588,431
3,876;460
4,122,463
4,019,978
3,422,901
3,609,367
4,670,205
4,908,446
5,712, 601
6,777,747
5,522,362
5.162.946
6,971,496
6,119,272
6,146,607
7,316,937
6,452,880
5,824,703
5,794,510
5,211,669
4,699,741
5,638,431
4,735,870
4.926,371
4,368,929
3,739,480
2,824,469
3,972,622
4,489,951
3,935.870
4,122,039
4,820,624
5,196,977
6,148,603
5,064,704
4,921,766
3,713.519
4.318, 437
3,449,265
6.177.662
4,898.673
6.314,735

180,
70,
34;
87,
16:
40;
47,
24,
37;
43,
449,
28,
70,
11
38
61
291
i9o:
128;
398,
20,
65,
678,
36,
30;
13
47,
44:
: 16:
216:
40:
178:
289:
47:
16:
45:
41:
28:
64
58,
46;
• 73,
28;
1,116,
95,
.48,
64:
232:
24;
28,
82:
38:
58:
63:
17:
37:
26,
26,
37,
41
31
17
50;
22,
67
34
31
36;
36.
43;
156,
121
26;
31
43;
217.
53,
24
34,
29,

Total.
$108 476 123
112 457 672
111 211 946
111 367 909
111 846 593
102 336 728
97 087 345
96 610 933
97 486 621
96 948 846
95 769 130
. 97
598 281
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
111 336 805
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
150 929 276
151 363 081
161 139 212
164 856, 167
155 in 992
162 906, 936
156 667 149
156 460, 326
166 911 349
172 676 065
173 458, 729
172 664 515
173 306, 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
128
117 974 992
116 924 812
108 796, 267
107 755 105
96 356 854
93 588, 964
83 029 103
77 575 340
70 510 850
69 202, 705
69 193, 686
70 419, 301
70 720, 275
70 588 542
70 310, 035
71 179, 683
82 158. 874
107 4;36,198
97 649, 238
95 306. 167
90 926, 167
112 256, 684
140 635, 655

on.

182

REPORT ON T H E FINANCES.

N o . 3 0 . — A S S E T S OP THE TREASURY AT THE E N D OP EACH MONTH, FROM JANUARY,

1900.
Month.
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
November . .
December...
1905—January
February . . .
March
April
, May
June
July
August.,
September..
October
November . .
December...
1906—January
February . . .
March
April
May
:...
June
July
August
September..

Gold.

413 491,
422, 000,
426 989,
422, 906,
421 112,
431 170,
428 652,
439 241,
458 266,
474 482,
479 349,
479 100,
488 698,
497 ;^,32,
500 026,
495 717,
494 321,
505 423,
517 798
529 152
641 025
539 838
540 797
546 546
544 576
643 346
546 219
552 697,
•560 200
562 769
671 302,
590 506,
606 299,
610 919,
617 196,
623 818
632 783,
639 740,
644 1.71,
637 463,
631 420,
634 869,
647 367,
654 811
660 538
•671 082
686 651,
698 935,
698 448,
697 879,
695 825
668 226
681 838
698 309,
703 231,
709 611.
721 253,
703 915,
696 404,
691 678,
685 414,
693 648,
699 473,
701 083,
706 592,
717 810,
726 800,
734 927,
753 041,
762 737,
765, 775,
768, 426,
768, 151,
774 208,
760, 926,
783, 494,
807, 051,
819 626,
831 324,
856 572,




Silver.

Notes.

Certificates.

$502 043, 317 $37, 218,:
,226 $32,195,
,070
36, 366,
501 772, 166 33,369,1
44.104,
(
502 582, 324 28,480,,027
33,383,
{
504 271, 752 25,995,,635
32, 832,
,497
505 432, 661 31,243,'
34,757,
,297
606 964, 447 40,325,;
29,992,
J
508 303, 727 38.459,,851
,196
33,923,
506 756, 909 38.898,:
>,312
35.603,
501 747, 657 31.368,;
5,885
36.645,
499 422, 038 19,788,^
499 237, 673 18,441,, 457 26,621,
5,011
35,898,
498 212, 961 20,213, (
,261
26,608.
503 501, 527 27,274,!
,211
24.716.
505 801, 665 22,131,:
),
607 768, 679 18,890,;282 33.053.
1,776
36,129,
509 770, 503 16,194,'
),091
39.973,
511 378, 732 20,645, (
,424
48,615,
513 637, 120 23,071,.
41,444,
J
613 535, 359 23,224,,693
42,707,
5,816
612 .073, 636 22,483, J
32,050,
,703
608 463, 673 18,244,'
),
525, 564 16,186,'495
38,974,
506
39,666,
:,936
604 204, 255 15,794,!
633, 101 16,104,, 343 45, 382,
:
603
),800
28,294,
508 147, 090 24,095,!
1,617
31,176,
610 345, 366 22,320, i
42,766,
),285
6 1 969, 472 19,210,:
1
594, 356 17,645, (
),047
45,166,
513
46,786,
7,766
514 490, 857 17,817.'
47,652,
1,092
515 982, 981 23,782, (
5.981
50,992,
515 221, 642 22,316,!
792, 127 20,342,1
>,804
59,173,
512
65,109,
),479
506 545, 711 18,455,'
5,508
28,593,
503 3,31, 475 16,558,!
1,979
34,925,
501 8:^4, 031 16,330,!
139, 537 19,293,!
42, 531,
5,986
501
31,026.
1,318
505 839, 398 28,130,;
32,206,
5,410
507 317, 607 20,406,'
),
43,993,
508 281, 228 12,220,1566
402, 500 14,577, (
33, 755,
7,633
510
),023
35,908.
510 796, 160 .18, 070. (
>,
512 665, 8 1
6
26,272,' 742 41.834.
>,
612 796. 403 27.522, i860 34,438,
),239
28, 686,
611 418, 978 30,626,;
32,582,
), 876
606 929, 894 26,986, J
:306, 042 16,686, <
38,960,
),663
502
),
44,208,
499 632, 256 10,575,' 446
32,606,
303, 362 15,495,1
\ 564
498
26,701,
),
504 814, 016 27,730, i559
684, 859 23,473,'
23,537,
5,789
508
25, 344,
7,066
510 483, 639 15,447,1
696, 991 19,753,;
5,316
35,985,
512
46,846,
l,19S
614 160, 262 23,732.'
38,312,
615 492, 455 29,204,,793
30,689,
),031
516 465, 172 32,609. <
),697
30,426,
514 781, 635 32,549, (
(
48,161,
508 460, 654 23,914,,080
47.036.
).790
503 983, 106 16,650,'
1,452
66,414,
501 816, 347 16,399,'
67,030,
),213
601 656, 425 20,109,:
),
49,500,
507 736, 446 33,209,!851
),
46.486,
510 662, 138 30,215.: 186
5,362
51,754,
511 729, 263 26,808,1
),618
512 182, 500 27,905, (
35,565,
42,539,
5,159
511 924, 263 28,398,:
>,
511 328, 599 30,092,; 258 42,979,
5,177
32,605,
511 009, 090 32,513,:
5.093
38, 263,
507 667, 191 33,306, (
53,495,
,153
501 580, 743 26,474,:
49,172,
),143
497 363, 820 18,795,:
),229
53.637,
494 442, 350 15,615,;
1,913
58,168,
492 697, 317 .17,214,'
5,713
39,590,
498 627, 618 27,756,'
5,961
56,038,
500 349, 995 24,238,!
69,5S4,
1,691
496 464, 022 22,772,1
,979
55,065,
496 736, 667 21,451,'
48, 772,
,263
498 330, 114 25,024,;
),698
49,450,
499 226, 914 23,900,1
41,615,
498 472, 296 23,222,:
M35
57,872,
),
496 199, 436 18,625,1555
),960
44,106,
492 392, 426 13,699,!

Other.
$108,475,
112,467,
111,211
111,367;
111,846,
102,336,
97,087,
96,610
97,486:
96,948:
95,769:
97,598:
97,988:
98,48i:
98,363;
98,963,
102,458,
102.223:
102,715:
103,777,
109,415,
111,336,
113,307:
113,714
113, 385,
114, 234
119,017:
121, 316:
126.013,
124,919:
127,179
126,432
134,811
147.912:
149,596:
150,919,
160, 929:
161,363:
151,139:
154,856:
156,111:
152, 906:
156,567,
156,450:
166,91i:
172,676
173,468;
172,664
173,305;
168,849,
168,168:
169,655;
120,503,
117,687,
120,755:
119,967:
118,763:
121,011
117,974:
116,924
108,795;
107,755,
95,356:
93,588:
83,029;
77,675,
70,6IO;
69,202
69,193,
70,419;
70.720,
70,588
70, 310;
71,179,
82,158
107,436;
97,649
95,306:
90,926,
112,256,
140,636,

Total.
$1,083,428,562
1,097,457,040
1,108.37.9,783
1,102.008,129
1,104,261,826
1,105,496,490
1,105,014,185
1,104,841,960
1,105.447,697
1,111.071,877
1,114.461,967
1,131,271,561
1,134,472,931
1,139,829,029
1.155. 399,210
1,160,085,788
1.170,073.439
1.181.868.910
1,186,342.994
1,198,840,459
1,197,327,476
1,213,048,111
1,212,801,340
1,219,631,722
1.220,468.056
1.222.662.906
1,236,308,409
1,243,942,003
1.257.805.911
1,272,536,975
1,278,479,598
1,290,043,680
1,315,429,648
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, 638,898
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
1,406,519,931
1,402,124,510
1,390.921.068
1.380.632,680
1,379.196,553
. 1,371,716,257
1,366,975,312
1,368.568,108
1,364,449,019
1.375, 240,444
1,385, 672,058
1,388,792,536
1,397,152,286
1,404,444,236
1,404,710,878
1,418, 968,613
1,434,138,945
1,441,615,920
1,453,270,606
1,474,935,335
1,473, 763,232
1,616,178,999
1,646,307,376

183

TEEASUEEE.
No.

31.—LIABILITIES

OP THE TREASURY AT THE E N D OF EACH
JANUARY,' 1900.

Month.
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...
November
December.
1905—January...
February .
March
April
:May.......
June
July
August
September
October . . .
November
December.
1906—January...
February .
March ."...
April
May
June
July
August
September




Certificates
and Treasury notes.
$716 048,
720 204,
720 500,
727 993,
729 684,
723 544,

724 sn,
733 136,
734 513,
740 966,
744 519,
754 012,
763 537,
760 561,
762 426,
770 842,
770 663,
771 754,
773 991,
780 033,
788 032,
803 897,
809 917,
811 468,
816 344,
816 075,
822 799.
830 202,
832 186,
8;HO 609,
841 965,
845 876,
855 899,
860 316,
869 236,
876 574,
886 871.
884 725,
890 007.
895 425,
893 762,
893 068,
894 257.
896 739,
902 700,
919 843,
931 208,
935 328,
967 532,
962 691,
955 117,
979, 999,
975, 109,
978, 084,
1,003 728,
1,007 890,
1,014 779,
1,021 556,
1,019 431,
1,012 805,
1,010 886,
1,001 134,
996, 6n,
998, 418,
995, 529,
992, 467,
993 726,
1,002 921,
1,003 859,
1,009 384,
1,010 233,
1,011 397,
1,015 264,
1,017 493,
1.022 269,
1,030 996,
1,0:W 743,
1,044 918, 869
1,048 853,
1,058 260,
1,067 323,

Agency
account.
$74 888,
78 889,
81 086.
77 896,
78 894,
76 246.
80 783,
86 286,
82 729,
83 101,
80 755,
87 151,
77 922,
80 351,
84 528.
82 748,
87 071.
83 281,
84 982.
88 835,
.89 375,
83 496,
85 873,
86 560,
79 327,
81 215,
85 653,
78 999,
80 269,
79 740,
82 539,
84 676,
88 277,
85 957,
89 794,
90 097,
84 527,
84 808,
92 446,
89 on.
88 418,
•^83 345,
93 644,
94 348,
96 103,
' 2 585,
9
98 511,
• 0 918,
9
86 208,
87 233,
87 604.
82 997,
86 071,
82 399,
91,018,
95 090,
92 716,
92 025,
93 743,
92 725,
89 408.
88 715,
90 762,
88 978,
90 303,
80 622,
90 856,
94 721,
94 988,
. 97592,
101 607,
103 265,
95 560,
98 746,
102 009,
103 492,
103 141,
99 327,
104 945,
107 231,
107 770,

MONTH,

FROM

Balance.
$292.
298:
306;
296,
295,
305,
299,
285,
288.
287'
289;
290,
293,
306
312:
326,
327
329;
319,
325,
317
321:
324
325:
327
334
345,
362
353
369
371
356
354
364:
368;
374
372,
373.
375:
388:
378:
383:
389:
378.
369:
379:
378;
373.
374'
370:
313:
322:
304:
297.
301:
296:
293:
296:
290:
290:
291
284:
281
296:
279;
277,
286:
281
286:
289:
293:
302:
309:
307:
310;
330,
319,
350:
371

083,
097,
108,
102,
104,
105,
105,
104,
106,
111,
114,
131,
134,
139,
155,
160,
170,
181,
186,
198,
197,
213,
212,
219,
220,
222,
236,
243,
257,
272,
278,
290,
315,
302.
313,
331,
339,
344,
356,
357,
357,
365,
366:
374;
387,
391:
398:
405:
431:
422:
417:
433;
373,
382,
398:
400,
408:
409:
406:
402:
390;
380,
379,
371,
366,
368,
364,
375.
385:
388:
397,
404,
404,
418.
434,
441,
453,
474,
473,
616
546,

562
041
783
129
826
490
185
960
697
877
967
551
931
028
210
788
439
910
994
459
475
111
340
722
056
906
409
003
911
975
598
680
548
753
717
201
207
366
326
183
939
624
228
898
829
907
933
982
928
464
776
642
691
846
074
604
984
390
931
510
068
680
553
257
312
108
019
444
058
536
286
236
878
613
945
920
606
335
232
999
376

184
No.

REPORT ON TFIE FINANCES.
3 2 . — U N I T E D STATES NOTES OP EACH DENOMINATION ISSUED, REDEEMED,
OUTSTANDINO AT THE CLOSE OP EACH FISCAL Y E A R FROM 1902.

Denomination.

Tssued'duri n g . y e a r . T o t a l issued.

1902.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

i

$188,364,160
186,763.048
592.821, 760
766,331,240
522,762,400
146,215,200
189,904,000
216,276, 000
411,628,000
20,000,000
40,000,000

Redeemed Total redeemed. Outstanding.
d u r i n g year.

Net

$1,986,042.201,660,353.80
30,169,042.00
193,459,321.00
54,499,282.00
9,598,125.00
17,927,360.00
9,258,600.00
29,213,000.00
10,000.00
10,000.00

101,620,000 13.271.065.808 101,520,000.00 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
Unknown, destroyed

$186,378.117.80
185.202,694.20
562,662,718.00
562.87i; 919.00
468,263,118.00
136,617,075.00
171,976,650.00
207,017, 500.00
382,415,000.00
19, 990, 000.00
39,990,000.00

346,681,016.00

$101,120,000

.400,000

$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, 3.38,000.00

1903.
One dollar
T w o doll a r s
F i v e d o l l a r s '.
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
F i v e thouisand d o l l a r s
Ten thousand dollars

Net

1, 948,854.20
1,506,363.80
18,214,026.00
233,501 631.00
40,682,442.00
6,686,300.00
12,572,900.00
7,701,500.00
24,848 000.00
10,000.00
10 000. 00

109,600,000 3,380, 665,808 109,600,000.00 3,032,984,792.00
1,000,000.00

347,681 016 00
1,000,000.00

109,600,000 3,380,665,808 109,600,000. 00 3,033,984,792.00

Total
U n k n o w n , destroyed

.186,415,305. 80
185, 257,684. 20
574,607,736.00
632,429,609.00
482,079,958.00
139,528,900.00
177,331,100. 00
208,574,500.00
386,780, 000.00
19,990, 000. 00
39,990, 000. 00

346,681,016.00

109,600,000

188,364,160
186,763,048
692,821,760
865,931,240
522,762,400
146,215, 200
189.904,000
216,276,000
.411,628.000
20,000,000
40,000,000

37,188. 00
64,990.00
11,946,017.00
69, 557-, 690.00
13,816,840.00
2,911,826.00
6,354,450.00
1,557,000.00
4,365,000.00

1904.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y 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 dbllars
Five thousand dollars
Ten thousand dollars

186,442,816.80
185,292,964.20
580,956,800.00
728,931,229.00
492,865,458.00
141,216,125.00
180,752,400.00
209,682, 000.00
389.655,Odo. 00
19,990,000.00
39,990,000.00

1,921,344.20
1,470,083.80
11,864 960.00
245,440,011.00
36,826,942.00
6,799,076.00
10,961,600.00
9,694,000.00
24,683,000.00
10,000. 00
10,000. 00

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 3,166,664;792.00

346,681,016.00

One dollar
Twodollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty d o l l a r s
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
.Five t h o u s a n d d o l l a r s
Ten thousand dollars .

188,364.160
22.328. 00
186,466,143.80
186,763, 048
23,102.00
185,316,066.20
592,821,760
3,216, 860.00
584,172, 660.00
126.320.000 1,100,691,240 107,412,180.00 • 836,343,409.00
528,682,400
9,021.930.00
501.877,388.00
147,015,200
1,116,750.00
142,332,875.00
191,714,000
2,200, 850.00
182,953,250.00
219,276, 000
1,233,000.00
210,815,000. 00
2i6.666 414,548, 000 2,284,000. 00 391,939,000.00
20,000, 000
19,990, 000. 00
40,000, 000
39,990,000.00

1.899,016.20
1 446 981 80
8 649 100.00
264,347,831.00
26,805,012. 00
4 682 325 00
8 760 750.00
8 461 000 00
22.609,000. 00
10,000. 00
10 000 00

Total
Unknown, destroyed

126,530, 000 3,629,875,808 126,530,000.00 3, 282,194, 792.00
1,000,000.do

347 681 016 00
1,000 000 00

126,530,000 3," 629.875,808 126,530,000.00 3,283,194,792.00

346,681,016.00

Total
Unknown, destroved
Net

108,440,000
5,920,000
800,000
1,810,000
•3,000, 000
2,710.000

188,364,160
186,763,048
692,821.760
974,371,240
528.682,400
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
1,007,500.00
2,875,000.00

1905.

Net

•
1906.

One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One h u n d r e d dollars




188,364,160
186,763,048
592.821,760
107.840,000 1,208,631,240
628,682,400
147,015,200
191,714,000
•

13,093.00
13,952.00
1,706,195.00
96,839,160.00
5,519,560.00
760,150.00
1,500,900.00

186,478,236.80
185,330,018.20
585,878,865.00
932,182, 569.00
607,396,948.00
143,093,026.00
184.454,160.00

1,885 923.20
1,433,029.80
• 6.942,906.00
276.348, 681.00
21,286.452. 00
3 922 175 00
7,259,850.00

185

TBEASUEER.
No.

3 2 . — U N I T E D STATE.S NOTES OP EACH DENOMINATION ISSUED, RED:EEx\rED, AND
OUTSTANDING AT THE CLOSE OP EACH FISCAL YEAR PROM 1902—Continued.
Total issued.

Redeemed
during year.

$219,276,000
414,548,000
20,000,000
40,000,000

$717.000.00
1,770,000.00

$211,532,000.00
393,709,000.00
19,990.000,00
39,990,000.00

$7.744,000.00
20,839,000.00
- 10,000. 00
10,000.00

$107,840,000

3,737,715,808

107.840,000.00

3,390,034,792.00
1,000,000.00

347,681,016.00
1,000,000.00

107,840,000

Denomination.

3,737,715.808

107,840.000.00

3,391,034.792.00

346,681,016.00

Issued during year.

1906—Continued.
Five h u n d r e d dollars . . .
One thousand dollars
Five t h o u s a n d dollars . .
Ten thousand dollars
Total
U n k n o w n destroyed
Net

No.

Total redeemed. Outstanding.

3 3 . — T R E A S U R Y NOTES OP 1890 OP EACH DENOMINATION ISSUED, REDEEMED,
AND OUTSTANDING AT THE CLOSE OP EACH FISCAL YEAR PROM 1902.
Issued d u r - T o t a l issued. R e d e e m e d
ing year.
d u r i n g 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
One thousand dollars

Total

Total '
redeemed.

Outstanding.

$64,704,000
49,808,000
120,740,000
104,680,000
35,760,000
1,176,000
18.000,000
52,568,000

$63,684,677
48,854,343
111, 582,1.50
91,996,200
31,122,430
1,104,900
17,250,300
51,940,000

$1,119,323
963,657
9,157,850
12,683,800
4,637,570
70,100
749,700
628,000

447,435,000

17,783,000

417,435,000

30,000,000

64,704,000
49,808,000
120,740,000
104,680,000
35,760,000
1,176,000
18,000,000
62,568,000

348,539
340,901
4,122,540
4,359,010
1,326,760
12,850
139,400
107,000

. 63,933,216
49,195,244
115,704,690
96,355,210
32,449,190
1,117,750
17,389,700
52,047,000

770,784
612 756
5,035,310
8,324,790
3,310,810
57 250
610,300
521,000

447-, 435,000

10,757,000

428,192,000

19;243,000

64,704,000
49,808,000'
120,740,000
104,680,000
35,760,000
1,176,000
18,000,000
52,568,000

143,692
135,338
1,978,730
2,870,470
924,220
11,260
112,300
89,000

64,076,908
49,330,582
117, 683,420
99,225,680
33,373,410
1,129,000
17,602,000
62,136,000

627,092
477,418
3,056,580
5 454 320
2,386,590
46,000
498 000
432,000

447,435.000•

6,265,000

434,457,000

12,978,000

64, 704,000
49,808,000
120,740,000
104,680,000
35,760,000
1,175,000
18,000.000
62,568,000

?...'.

$1,066,166
1,059,899
7,379,225
6,256,040
1,599,920
19,350
185,400
.217,000

79,338
72,977
933,865
1,718,080
632,240
7,500
72,000
49,000

64,156,246
49,403,559
118,617,285
100,943,760
34,005,650
1,136,500
17, 674,000
62,185,000

547,754
404,441
2,122,715
3,736,240
1,764,350
38,500
426,000
383,000

447,435,000

3,565,000

438,022,000

9.413,000

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

•61,670
47,935
464,016
944,030
390,100
6,750
64,500
68,000

64,207,916
49,451,494
119,081,300
101,887.790
34, 396.750
•1,143,250
17,638,500
52,243,000

496,084
356,606
1,658,700
2,792,210
1,364,250
31 750
36i; 500
325,000

447,435,000

2,027, 000

440,049,000

7,386, 000

1903.
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 t h o u s a n d dollars
Tota,l
1904.
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
Total
1905.
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

:....
1906.

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
O n e thousand dollars
Total




186

REPORT ON T H E

No. 34.

- G O L D CERTIFICATES OP EACH DENOMINATION ISSUED, REDEEMED,
OUTSTANDING AT THE CLOSE OP EACH FISCAL Y E A R PROM 1902.

Outstanding.

Total

346,582,089

$236,240,000
66,400,000
102,234,300
79,744,000
236,881,000
603,035,000
811,710,000

$28,375,620
6,393,400
7,705,200
3,149,000
6,044,000
1,575,000
52,660,000

2,136,244,300

105,902,220

1,727.134,431

409,109,869

66,640,000
10.600,000
19,200,000
5,400,000
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
3,422,500
8,447,000
2,010,000
51,670,000

122,969.436
42,422,295
70.339, 500
70,071,000
197,931,600
676,620,000
776,380, 000

169,920,564
34,577, 705
51,094,800
15,073,000
57,449,500
49,415,000
116,760,000

2.351,014,300

129,589,300

1,856,723,731

494,290.669

347.120,000
93,400,000
144, 634,300
87,944,000
263,681,000
633,285,000
976,660,000

49,713,400
9,693,250
13,134,950
3,431,000
8,318,000
2,010,000
85,120,000

172,672,836
52,115,645
83, 474,460
73,502,000
206,249,500
578! 630,000
861,500,000

174,447,164
41,284,465
61,159,860
14.442,000
57,431.500
54.655,000
114,160,000

2,545,724,300

171,420,600

2,028,144,331

517,579,969

413,120,000
105,600,000
161,434,300
92,844,000
274,881,000
639,035,000
1,059,640,000

42,315,000
10,086, 600
14,363,500
3,603,000
8,947, 000
2,045,000
77,270,000

214,987,836
62,202,145
97,837,950
77,105,000
215,196,500
580,675,000
938,770,000

198,132,164
43,397,855
63,596,350
15,7.39 000
59,684,500
58 360 000
120,870,000

200,830,000

1906.
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One t h o u s a n d dollars
Five thousand dollars
Ten thousand dollars

1,621,232,211

66,000, doo
12,200,000
16,800,000
4,900,000
11,200,000
5,750,000
83,980,000

Total

72,256,600

194,710,000

.

1,967,814,300

64,240,000
16,400,000
23,200,000
2,800,000
8,300,000
7,250,000
82,520,000

Total

115,527,384
25,249,406
31,970,300
12,744,500
42,140,600
30,000,000
88,950,000

214,770,000

.

51,192,616
26,950,595
51,064,000
63,499,600
183,440,600
673,035,000
672,060,000

60,710,000

1904.
T w e n t y dol l a r s
Fifty dollars
O n e 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

15,704,800
4,127,900
4,992,900
2,057,000
3,093,000
740,000
41,640,000

168,430,000

Total

166.720.000
52,200,000
83,034,300
76,244,000
225,581,000
603,035,000
761,000,000

$69,620,000
14,200,000
19,200,000
3,500,000
11,300,000

1903.
T w e n t y dollars
Fifty d o l l a r s
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

Redeemed
during year.

129,880, oop

Total

T o t a l issued.

47,840.000
8,800,000
12,400,000
4,300,000
11,800,000
2,000,000
42,740,000

1902.
T w e n t y dollars
Fifty d o l l a r s
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five thousand dollars
Ten t h o u s a n d dollars

1906.
T w e n t y dollars
Fiftv dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One t h o u s a n d dollars
Five thousand dollars
Ten t h o u s a n d dollars

Total,
redeemed.

2,746,554,300

158,630,100

2,186,774,431

669,779,869

$79, 668,236 $156,671,764
33.343,995
33,056,005
58. 769,200
43,465,100
66,648,500
13,095,500
189,484,500
47. 396,600
574,610,000
28.426,000
724,710,000
87,000,000

3 5 . — S I L V E R CERTIFICATES OP EACH DENOMINATION ISSUED, REDEEMED,
OUTSTANDING' AT THE CLOSE OP EACH FISCAL YEAR PROM 1902.

Denomination.
1902.
One dollar
Tvvo d o l l a r s
Fi ve d o l l a r s
Ten dollars
T w e n t y dollars
Fiftydollars
One h u n d r e d dollars
Five h u n d r e d dollars.. ..
One thousand dollars
Total




AND

Issued during year.

Denomination.

No.

FINANCES.

AND

Issued dur- Totalissued.
ing year.

Redeemed
during year.

Total
redeemed.

69,676,000
31,072,000
141,800, 000
2, 960,000

51,337,686.00
27,694,254.00
83,880,680.00
37,377,730.00
12,722,300.00
2, 793, 650.00
597,300.00
13,600.00
108,000.00

284,081,806.90
158,562, 7^2.60
526, o n , 787.50
492,369,889.00
256,403,650.00
61,625,266.00
79.319,380.00
16,680,600.00
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

216,525,000.00 1,906,249,000.00

463,997, 000.00

-

351,776.000
198,440;000
758,640,000
663,554,000
289,506,000
67,650,000
81.540,000
16,650,000
32,490,000

235,508,000 2,360,246.000

Outstanding.

187

TBEASUBEB.
No.

3 5 . — S I L V E R CERTIFICATES OP EACH DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R PROM 1902—Continued.
Issued duri n g y e a r . T o t a l issued.

Total
redeemed.

$64,006,011 00
33,303,089 00
127,023,145 00
26,191,330 00
9,665,200 00
1,723,625 00
427,600 00
12,000 00
57,000 00

$348,087,816 90
191,865,811 60
652,034,932 50
518,561,219 00
265,958,850 00
63,348,890 00
79,746,980 00
16,592,500 00
32,351,000 00

$79,300,183.10
44,590,188.40
264,025,067.50
46,952,781.00
23,547,150.00
4,301, n o . 00
1,793,020.00
57, 500.00
139,000.00

262,299,000 00 2,168,648,000 00

464,706,000.00

79,913,407 00
40,414,738.00
160,263,175 00
17.851,850.00
6,876,630.00
1,126,300.00
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
47,600.00
108,000.00

306,806,000.00 2,475,354,000.00

470,476,000.00

95, 640,000
604,348,000
45,200,000
322,672,000
175,460,000 1,269,600,000
574.514,000
290,866,000
69.450,000
81.540,000
16,650,000
32,490,000

86,241.703.00
42,202,062.00
172,329,775.00
13,739,410.00
5,139,500.00
1,580,150.00
240,400.00
5,000.00
33,000.00

614,242,926 90
274,482,611 60
984.627,882.50
550,152,479.00
277,974,880.00
66,064,340.00
80.307.380.00
16,607,500.00
32,416,000.00

90,105, 073.10
48,189.388.40
284,972,117.50
24,361,521.00
12,891,120.00
3,395,660.00
1,232,620.00
42,500. 00
75,000.00

316,300,000 3,262,130,000

1903.
One dollar
Two dollars .
Pive dollars
Ten dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars

Redeemed
d u r i n g year.

312,576,000 2,945,830,000

Denomination.

321,511,000.00 2,796,866,000.00

465,265,000.00

102,512,000
706,860,000
40,544,000
363.216,000
178,100,000 1,447,700,000
674,514,000
290,866,000
69,450,000
81,640,000
16,660,000
32,490,000

605,839,803.90
91,596,877.00
41,661,298. 00
316,043,909.60
164,148,335.00 1,148,776,217.60
7.510, n o . 00 . 557,662,689.00
280,989,360.00
3,014,480.00
910,700.00
66,965,040.00
80.497,580.00
190,200.00
16,611,500.00
4,000.00
32,427,000.00
12,000.00

101,020,196.10
47,172,090.40
298,923,782.50
16,851,411.00
9,876,640.00
2,484,960/00
1,042,420.00
38,500.00
63.000.00

321,156,000 3,683,286,000 < 308,948,000.00 3,106,813,000.00

477,473,000.00

$75,612,000
38,016,000
157,420, )00
1, 960,000

Total .

$427,388,000
236,456,000
916,060,000
565,514,000
289,506,000
67,650,000
81, 640,000
16,650.000
32,490,000

273,008,000 2,633, 254,000

Outstanding.

1904.
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

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
81.540,000
16,650,000
32,490,000

Total
1905.
One dollar.
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty dollars.
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Total
1906.
One dollar
Two dollars .
Five dollars
Ten dollars
Twenty dollars..
Fifty dollars
One h u n d r e d dollars
Pive h u n d r e d dollars
One thousand dollars
Total

N o . 3 6 . — A M O U N T OF UNITED STATES NOTES, TREASURY NOTES, GOLD AND SILVER
CERTIFICATES OF EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING AT
THE CLOSE OF EACH FISCAL Y E A R PROM 1902.

Denomination.

h n g y e a r " I ' o t a l issued.

Redeemed
d u r i n g year.

Total
redeemed.

Outstanding.

1902.
One dollar
T w o dollars
Five dollars
. .
Ten dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
F i v e h u n d r e d dollars
One thousand dollars
Five t h o u s a n d dollars
Ten thousand dollars

$70.799,659.30
$59,676,000 $604,844,160 $52.467,602 00 $534,044,600 70
392,619,759 80 . 42.391,288.20
31,072,000
435, o n , 048 28,868,443 00
272.946,104.60
141,800,000 1,472,201,760 112,494,046.00 1,199,256,656 60
277.327,232.00
104,080,000 1,424,665,240 86,417,220.00 1,147,238,008 00
806,981,814 00
207,766,586.00
47.840,000 1,014.748,400 46,998,990.00
226,297,836.00
40.942.365.00
8,800,000
267,240,200
9,708,350.00
319,610,330 00
62.867,970.00
12,400,000
372.478,300 10,500,800 00
287,097,500 00
22,072,500.00
4, 700,000
6,602,250 00
309,170,000
650,089,500 00
72,177,600.00
11,800, 000
722,267.000 13,756,000 00
693,026,000 00
30,010,000.00
2,000,000
740,000.00
623,035,000
712,040,000.00
88,960,000.00
42,740,000
801.000,000 41,540,000.00

Total
U n k n o w n destroved

466,908,000 8,046,561,108 408,083,600.00 6,868,301.003.00 1,178,260,106.00
1,000,000.00
1,000,000.00

Net




466,908,000 8,046,561,108 408,083,600.00 6.869,301,003.00 1,177,260,105.00

188

REPORT ON T H E FINANCES.

N o . 3 0 l — A M O U N T OP UNITED ST^VTES NOTES, TREASURY NOTES, GOLD AND SILVER
CERTIFICATES OP EACH DENOMINATION ISSUED, REDEEMED, AND OUTSTANDING AT
THE CLOSE OP EACH FISCAL Y E A R PROM 1902—Continued.
Tssued d u r - T o t a l i s s u e d .
ing year.

• Denomination.
1903.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five t h o u s a n d dollars
Ten thousand dollars

$76,612.000
38,016,000
167,420,000
111,560, 000
69,620,000
14,200,000
19,200,000
. 3,600,000
11,300,000
50.710,000

Total
Unknown, destroyed

Redeemed
d u r i n g year.

Total
redeemed.

$680,456,160 $64,391.738.00 $598,436,338.70
473,027,048 33,698,980.00
426,318,739.80
1,629,621,760 143,090,702.00 1,342,347, 357.60
1,536,125,240 100,108,030. 00 1,247,346,038.00
1,084,268,400 53,074,420.00
860,056, 234.00
281,440,200 11,041,700.00 • 237,339, 535.00
391,678,300 13,626,650.00
333,236,980. 00
4,718, ood. 00
312,670,-000
291,815,500.00
660,662,500.00
733,567,000 10,573,000.00
1,575,000.00
594,600,000.00
623,035,000
764,700,000. 00
851,710,000 52,660,000.00

Outstanding.

$82,019,821.30
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, 500,00
72,904, 500.00
28,435,000.00
87,010,000.00

551,038,000

8,597,599,108 488,558,220. 00 7,356,859,223.00 1,240,739,885.00
1,000,000.00
1,000,000.00

551,038,000

8, 597,599,108 488,558,220.00 7, 357,859,223.00 1,239,739,885.00

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

81,320,000
41,016,000
178,080,000
117,440,000
63,920,000
13,200,000
21,010,000
8,400,000
21,210,000
23,000,000
81,430,000

761,776,160 80,084,609.00
678,520,947.70
514,043,048 40,585,356.00
466,904,095.80
1,807,701,760 168,590,970.00 1,510,938,327.50
1,653,565,240 117,223,940.00 1,364,569,978.00
1,148,188,400 61,967,450.00
922,023,684.00
294,640,200" 11,902,075.00
249,241,610.00
412,688,300 15,423,900.00
348,660,880.00
321,070,000
4,440,000.00
296,255,500.00
754,777,000 11,442,000. 00
672,104,600. 00
646,035,000
2,010,000.00
596,610,000.00
933,140,000 51,670,000.00
816,370,000,00

Total
•
Unknown, destroyed. ..

650,026,000

9,247,625,108 565,340,300.00 7,922,199,523. 00 1.325.425,585.00
1,000,000.00
1,000,000.00

650,026,000

9,247,625,108 565,340,300. 00 7, 923,199,523.00 1,324,425,685.00

Net
1904.

Net

83,255,212.30
47,138,952.20
296,763,432.50
288,995,262.00
226,164,716.00
45,398,590.00
64,027,420.00
24.814,500.00
82,672.500.00
49,425,000.00
116.770,000.00

1905.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fiftv d o l l a r s
One h u n d r e d dollars
Five h u n d r e d dollars
One t h o u s a n d dollars
Five thousand dollars
Ten t h o u s a n d dollars

95,640,000
45,200,000
176,460,000
126,320,000
54,240,000
16,400,000
23,200,000
2,800,000
8,510,000
7,250,000
. . 82.520,000

Total .
U n k n o w n , destroyed

857,416,160 86,343,369.00
764,864,316. 70
509,202,236.80
559,243,048 42,298,141.00
1,983,161,760 176,479,500.00 1,687,417,827.60
1,779,885,240 122,869,670.00 1,487,439, 648.00
986,530,754.00
1.202,428,400 64,507,070.00
261, 639,260. 00
311,040,200 12,397,650.00
364,309,080. 00
435,-888,300 15,648,200.00
4,669,000.00
"300,924,600.00
323,870,000
682,788,500.00
763,287,000 10,684,000.00
598,620, 000.00
653,285,000 .2,010,000.00
85,120,000.00
901,490,000.00
1,01.5,660,000

92,551,843.30
50,040,811.20
295,743,932.60
292 446,592, 00
215,897,646.00
' 49,400,940.00
71.579,220» 00
22,945,500. 00
80,498,500.00
54,665, 000.00
114,170,000. 00

637,540,000
637,540.000

Net

9,885,165,108 623,026,600.00 8,545,226,123.00 1,339,938, 985.00
1,000,000.00
1,000,000.00
C) SS.S 1 6 5 . i n «

623,026,600. 00 8,646,226,123.00 1,338,938,985.00

1906.
One dollar
Tvvo d o l l a r s
Five dollars
T e n dollars
T w e n t v 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 t h o m a n d dollars
Ten thousand dollars
Total
Unknown, destroyed

102,512,000
959,928,160 91,661,640.00
866,526,956.70
40,544,000 --• .699,787,048 41,623,185.00
550,825,421.80
178,100,000 2,161,261,760 166,318,545. 00 1,853,736,372.50
107,840,000 1,887,725; 240 104,293,290.00 1,591,732,938.00
66,000,000 1,268,428,400 51,239,140.00 1,037,769,894.00
12,200,000
323,240,200 11,764,200.00° •273,403,460.00
16,800,000
380,428,180.00
452,688, 300 16,119,100.00
4, 900,000
4,324,000.00
305,248,500.00
328,770; 000
11,200,000
774,487,000 10,787, 000.00
693,575,500.. 00
5,750,000
2,045,000.00
659,035,000
600,665,000. 00
83,980,000 1,099,640,000 77,270,000.00
978,760,000.00
:..

Net




103,402,203. 30
48,961,626.20
307.525,387.50
295,992,302.00
230,658, 506.00
49.836.740.00
72,260,120. 00
23,521,500.00
80,911,500.00
68,370,000, 00
120,880,000.00

629,826,000 10,514,991,108 577,445,100.00 9,122,671.223.00 1,392,319,885. OJO
1, 000, ooot 00
1,000,000.00
629,826,000 10,514,991,108 577,445,100.00 9,123,671,223.00 1,391.319,885.00

189

TBEASUBEB.
No.

3 * 7 . — A M O U N T O P P A P E R C U R R E N C Y O F E A C H DENOXMINATION OUTSTAiNf;DiNG AT
THE C L O S E O P E A C H F I S C A L Y E A R P R O M 1902.

Denomination.

Legal-tender
notes.

Certificates.

National-bank
notes.

Total.

1902.
One dollar
Two dollars
,
Five dollars
,
Ten dollars
Twenty dollars
. Fifty dollars
,
One hundred dollars..
Five hundred dollars.
One thousand dollars.
Five thousand dollars
Ten thousand dollars.

$3,105,365
2,514,011
39,316,892
206,143,121
59,136,852
9,668,225
18,677,050
9,268,600
29,841,000
10.000
10,000

$67,694,194
39,877,278
2.33,628,212
71,184,111
148,629,734
31,274,140
34.190,920
12,81.4,000
42,336,500
30,000,000
88,950,000

Total
Unknown, destroyed .

377,681,016
1,000,000

800,579,089

376,681,016

800,579,089

356,636,881

1,533,896,986

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.

2,719,638
2,118,120
2'3,249,336
241.826.421
43.993,252
6,743,650
13,183.200
7,701,500
26,369,000
10,000
10,000

79,300,184
44.590.188
264,026,067
46,952,781
180,218.914
37.357,115
45,258,120
13,153,000
47,535,500
28.425,000
87,000,000

345.959
165.960
61,798,905
172,263,760
127,446,540
16,676,550
34,815,200
96,500
25,000

82,365.781
46.874,268
349,073,307
461,042,962
351,658,706
60,777,215
93,256,520
20,951,000
72,929,500
28,435,000
87,010,000

Total
Unknown, destroyed .

366,924,016
1,000,000

873,815,869

413,634,374

1,654,374,259
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 .y
Fifty dollars
One hundred dollars .
Five hundred dollars.
One thousand dollars.
Five thousand.dollars
Ten thousand dollars.

2,648,436
1,947,502
14,921,540
250,894,331
38,213,532
6,-846,075
11,469,600
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
39,553,616
52,567,820
15,120,600
57,557,500
. 49,415,000
116,760,000

346,145
165,282
62,827,170
189,305,960
141,904,240
17,591,500
36,939,000
95,500
24,000

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

Total
Unknown, destroyed .

360,659,016
1,000,000

964,766,569

449,197,797

1,774,623,382
1,000,000

359, 659,016

964,766,569

449,197,797

1,773,623,382

One dollar
Two dollars
Five dollars..
Ten dollars
Twenty dollars
Fifty dollars
One liundred dollars..
Five hundred dollars.
One thousand dollars.
Five thousand dollars
Ten thousand dollars.

• 2,446,771
1,851,422
10,771,815
268,084,071
28,559,362
4,720,825
9,186,750
8,461,000
22,992,000
• 10,000
10,000

90,105,074
48,189,388
284,972,117
24,361,521
187,338,284
44,680,-116
62,392,470
14,484,500
57,506,500
54,655,000
114,100,000

344,669
164,992
68,473,496
211,148,110
158,704,700
18,238,850
38,487,600
95,000
24,000

92,896,514
50,205,802
364.217,427
503,593,702
374,602,346
67,639,790
110,066,720
23,040,500
80, 522,500
54,665,000
114,170,000

Total
Unknown, destroyed .

357,094,016
1*000,000

982,844,969

495, 681,316 1,835,620,301
1,000.000

Net

$346,371
166,170
54,620,050
143,883,370
107,488,120
16,241,000
33,768.300
98,500
25,000

$71,145,930
42,557,459
327,565,154
421,210,602
316,254,706
57,183,365
86,636,270
22,171,000
72,202,500
30,010,000
88,960,000
1,534,896,986
1,000,000

1903.

Net
1904.

Net
1905,

Net




495,681,316 | 1,834,620,301

190
No.

REPORT ON T ; H E FINANCES,
3T.—AMOUNT OF P A P E R CURRENCY OF EACH DENOMINATION OUTSTANDING AT
THE CLOSE OP EACH FISCAL YEAR PROM 1902—Continued.

Denomination.

Legal-tender
notes.

nal-h
Certificates. N a t i o o t e s . a n k
n

Total.

1906.
One dollar
Two dollars
Five dollars
Ten dollars
T w e n t y dollars
Fifty d o l l a r s
One h u n d r e d dollars
Five h u n d r e d dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars

$2,382,007
1,789,536
8,601,605
279,140,891
22,649,702
3.953, 925
7,621,350
7.744,000
21,164,000
10,000
10,000

$101,020,197
47,172,090
298,923,782
16,851,411
208,008,804
45,882,815
64.638,770
16,777,500
69,747,600
68,360,000
120,870,000

$344,352
164,806
76,889,175
240,007,710
181,097,620
19,934,800
42,516,600
94,500
24,000

$103,746,566
49,126,432
384,414,562
636,000.012
411,756.126
69,771,540
114,775,720
23,616,000
80,936,500
58,370,000
120,880,000

Total
U n k n o w n destroyed

365,067,016 1,037.262,869
1,000,000

561,072,663

1,963,392,448
1,000,000

354,067,016 1,037,252,869

561,072,563

1,952,392,448

Net

N o . 38.- - O L D DEMAND NOTES OF E A C H DENOMINATION ISSUED, REDEEMED, AND
OUTSTANDING J U N E 30, 1906.

Denomination.
Five dollars
Ten dollars
Twenty dollars
•

Total

.

Total issued.

Redeemed
during
year.

Total
redeemed.

Outstanding.

$21,800,000
20,030,000
18,200,000

$21,778,622.60
20,010,235 00
18.187,860.00

$21,377.50
19,765.00
12.140.00

60,030,000

1,976,717.50

53,282.50

N o . 39.—FRACTIONAL CURRENCY OF EACH DENOMINATION ISSUED, REDEEMED,
OUTSTANDING J U N E 30, 1906.

Denomination.

Total issued.

Redeemed
during
year.

Total
redeemed.

Outstanding.

Three cents
Five cents
Ten cents
Fifteen cents
Twenty-five cents.
Fifty cents

$601.923. 90
5,694,717.85
82,198,456.80
6,305,568. 40
139,031,482.00
135,891,930.50

$10.00
250.30
15.00
526.60
551.00

$511,716.78
3.836.160.28
77,141,496.43
5.066.512.29
134,761,138.86
132,134,359.20

$90,207.12
1,858,557.67
6,056,960.37
240,066.11
4,270,343.14
3,757,671.30

Total
Unknown, destroyed .
Net

368.724,079.45

1,351.80

353,450,383.84
32,000.00

15,273,695.61
32,000. 00

1,351.;

363,482,383.84

15,241,695.61




8, 724,079.45

191

TEEAStTEEK.

N o . 40.—COMPOUND-INTEREST NOTES OF EACH .DENOMINATION ISSUED, REDEEMED,
AND OUTSTANDING J U N E 30, 1906.

Total issued

Total

No.

$180
340
250
300
500

$23,265,070
30,093,970
60,762,700
45,062.600
67,835,000
39,416,000

$20,130
31 870
61,300
31,800
11,000
4,000

266,696.440

Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars

Redeemed
during
year.

$23 285,200
30,126,840
60.824,000
45,094,400
, 67,846,000
39,420,000

Denomination.

1,570

266,435,340

160,100

Total
redeemed.

Outstanding.

4 1 . — O N E AND TWO YEAR NOTES OP EACH DENOMINATION ISSUED, REDEEMED,
AND OUTSTANDING JUNE 30, 1906.

Denomination.

Total issued.

Redeemed
during
year.

Total
redeemed.

Outstanding.

$6,200,000
16,440,000
20,946,600
37,804,400
40,302,000
89,308,000

Total
.......
Unknown, destroyed

<

Net

$130
80
60
200

$6,193,960
16,427,700
20,932,300
37,788,600
40,300,500
89,289,000

$6,040
12,300
13,300
16,800
1,500
19,000

211,000,000^

460

210,932,060
10,590

67,940
10,690

211,000,000

Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars.

460

210,942,650

67,350

N o . 4 2 o — U N I T E D STATES PAPER CURRENCY OP EACH CLASS, TOGETHER WITH ONE AND
Two Y E A R NOTES AND COMPOUND-INTEREST NOTES, ISSUED, REDEEMED, AND OUTSTANDING JUNE 30, 1906.

Class.

Issued during year.

Total issued.

Redeemed
during year. Total redeemed. Outstanding.

$53,282. 60
Old demand notes
$60,030,000.00
$59,976.717.60
$107,840,000 3,737,715,808.00 $107,840,000.00 3.391,034.792.00 346,681,016.00
United States notes
447,435,000.00
440.049.000.00
2,027,000,00
7,386,000,00
Treasury notes of 1890
Gold certificates
200,830,000 2,779,564,880.46 168,630,100.00 2,219,775, on. 46 659,779,869.00
321,156,000 3,683,286,000.00 308,948,000.00 3,106,813,000.00 477,473,000.00
Silver certificates
1.473,625.000.00
1,473,626, 000.00
Currency certificates
353,482,383.84 15,241,695. 61
368,724,079.45
Fractional currency
1,361.80
67,350.00
One and two year notes
211,000,000.00
210,942,650.00
460.00
266,435,340.00
160,100.00
Compound-interest notes.
266,596,440.00
1.670.00
Total

629,826,000 12,927,966,207.91 677,448,481.80 11,521,133,894.80 1,406.832,313.11




192

REPORT

ON

THE

FINANCES.

Hiio, 4 3 . — U N I T E D S T A T E S N O T E S A N D T R E A S U R Y N O T E S R E D E E M E J : ) I N G O L D , A N D
I M P O R T S A N D E X P O R T S O P G O L D , D U R I N G E A C H M O N T H , P R O M J A N U A R Y , 1902.

Month.
1902—January..
February.
March
April
May
..
June
,
July
August —
Septemher
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
November
December
1905—January..
February.
March
April
May
June
July
August...
September
October...
November
December
1906—January . .
February.
March
April
May
June
July
August . . .
September

United States
notes.
$6,106,090
1,031,734
198,539
260,930
359,343
568,625
411,652
301,583
263,425
327,838
321,352
524,700
1,005,815
294,300
455,975
1,129,685
1,178,465
939,928
961,450
663, 950
407,203
664,690
683,540
1,108,995
1.326,451
1,059,983
1,049,435
1,034,718
1,200,768
920,885
1,319,800
662,465
530,475
550,230
706,995
805,093
2,149, 920
901,785
1,025,855
780,546
1,018,480
1,065,935
1,065,733
754,826
653,010
440,790
742, 354
874,845
1,714,280
877,156
1.048,510
958,750
1,428,838
893,105
976,290
895,505
429,616

Treasury
notes.
$111,490
107,677
74,254
116,075
101,210
131,630
103,273
85,082
66,445
n o , 302
66,660
57,240
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
5,365
36,100
34,660
37, 615
33,175
36,590
16,660
28,640
27,295
27,575
48,435
43,230
35,065
15,675
23,21.5
6,120
17,875
14,405
9,050
18,855
8,800
20,830
30,120
12,015
18,625
12,705
26,095
3,455
6,615
5,335

Total.
$5,216,580
1,139,411
272,793
377,006
460,553
700,255
514,925
386,665
329,870
438,140
388,012
581, 940
1,152,600
372,426
628, n o
1.199,055
1.336,375
1,039,228
1,033,060
707, n o
443,595
727,685
697,545
1,149,135
1,396,770
1,080,598
1,054,800
1,070,818
1,236,428
958,500
1,352,975
699,055
647,135
578,870
734,290
832,668
2,198,355
945,015
1,060,920
796,221
1,041,695
1,071,055
1,083,608
769,230
662,060
459,645
751,154
895, 675
1,744, 380
889,170
1,067,135
971,455
1,454,933
896, 560
981,906
900,840
429,515

I m p o r t s of
gold, a

.Exports of
gOld.rt

$752,306
938,683
1,567,471
• 898,960
725,183
762,693
848,015
873,988
2,446,005
8,612,451
2,972,110
• 1,313,092
877,333
992,331
3,715,563
837,132
803,351
2,014,819
2,337,593
3,229,605
2,537,008
' 2,240,320
8,511,322
15,958,625
7,193,200
3, 908,568
8,053,037
9,636,844
9,889,837
4,139,363
8,422,809
6,949,529
3,600,961
7,481,253
3,931, 728
2,538, 999
1,078,307
1,391,006
4,144,083
1,699,927
1,802,174
1,278,170
3,933,862
2,257,691
5,499,685
9,881,977
4,100, 040
2,671,421
1,282,497
740,672
4,192,978
13,630,046
33,590,906
1,348,717
8,219, 015
6,699,387
30,136,773

$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
1,425,973
698, 595
2,835,872
53,811
1,485,755
1,034.915
1,694,916
14,472,998
12,475,188
9,085,902
61,516
937,744
310,945
827,652
1,324,918
626,286
686,624
3,029,086
19,432,272
43,055,666
1,449,319
897,182
10,742,078
2,474,337
3,811,054
20,679, 972
13,443,759
16,759,675
14,769,021
2,364,637
1,291,243
455,890
3,970,102
1,055,089
186,263
1,412, 904
204,166
1,117,091
. 2,623, 620
5, 689,914
8,436,714
6,845,422
2,423,213
5,673,108
3,194,249
1,257,5.13
672,505
2,222,877

«Imports and exports of gold ih the ore not included.
NOo

4 4 . — U N I T E D STATES NOTES AND TREASURY N O T E S REDEEME:D I N G O L D , AND
I M P O R T S A N D E X P O R T S O F G O L D , D U R I N G E A C H F I S C A L Y E A R , P R O M 1895.
Fiscalyear.

1895
1896
1897
1898
1899 . .
1900
1901
1902
1903...
1904
1905 .
1906

.-.




United States
notes.
$109,783,800
153,307,591
68,372,923
22,301,710
18,645,016
28,637,601
23,776,433
17,482,690
7,164,718
11,081,068
11,617.579
11,452.196

Treasury
notes.
$7.570.398
6,348,365
9,828,991
2,696,253
6,997,250
6.960,836
446,678
1,274,590
1,112,527
473,976
340,675
192,810

Total. .
$117,354,198
158,655,956
78,201,914
24,997, 963
26,642,266
35,598,337
24,223,111
18,757.180
8,267,245
11,555,044
11,858,254
11,646,005

"Gold in the ore not included.

I m p o r t s of
gold."
$35,146,734
31,720,487
81,411,633
115,173,988
84,280,674
30,961,698
45,.445, 734
27,205,657
26.306,190
77,535,222
44,318. 946
91,349,607

E x p o r t s of
gold.a
$66,131,183
112,309,136
40,114,722
15,324, 929
37 507 771
48,218,168
52,968,446
47,699,796
46,793,212
80,726,919
91,658,950
39,119,266

193

TREASURER.

N o . 4 5 . — T R E A S U R Y NOTES OP 1890 RETIRED :BY REDEMPTION IN SILVER DOLLARS
AND OUTSTANDING, TOGETHER WITH THE SILVER IN THE TREASURY PURCHASED
BY SUCH NOTES, FOR EACH MONTH, PROM JANUARY, 1902.

Month.
1902—January . .
February .
March
April
May
June
• July
Augusts . . .
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...
November.
December.
1905—January...
February .
March
April
May
June •
• July
August...,
September
October . . .
November
December.
1906—Janufiry...
February .
March
April
May
June
July
August
September




Retired by
redemption.

Outstanding.

1,063.000
2,187,000
1,383,000
1,325,000
1,331.000
1,307,000
1,237,000
1,062.000
865,000
1,040,000
742,OUO
1,001,000
1,100,000
721,000
731,000
706.000
782,000
770,000
687,000
586,000
472,000
624,000
446,000
522,000
584,000
476,000
474,000
385,000
614,000
495,000
325,000
428,000
259,000
353,000
282,000
312,000
317,000
372,000
219,000
246,000
248,000
204,000
248,000
181,000
189,000
174,000
143,000
148,000
244,000
117,000
176,000
133,000
157.000
118.000
154,000
103,000
108,000

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
26,796,000
25.064,000
24.053,000
22,953,000
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
15,322,000
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
11,331,000
11,019,000
10, 702,'000
10,330,000
10,111, 000
9,865,000
9,617,000
9,413,000
9,166,000
8,984,000
8.795,000
8,621.000
8,478,000
8,330,000
8,086,000
7.969,000
7,794,000
7,661,000
7,504,000
7,386,000
7,232,000
7,129,000
7,021,000

Bullion in
Treasury.
37,606,000
35,332,037
33,955,376
32,620,815
30,870,792
29.960,039
28,368,763
27,209,244
24,439,639
24,656, 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
16,836,557
15.601.548
14.982,959
13,616,046
12,711,491
11,679,610
7,151,148
7,142,610
5,829,230
6.368,139
5,437,156
5,074,026
4,916.944
3,908,351
3,021,439
2,494.572
1,970,303
1,708,079
1.248,700
927,992
536,672
297,523
91,339.

Dollars in
Treasury.
27,000
13,963
7,624
17,185
436,208
39,961
394,237
491,756
2,396,361
1,239,399
1,386,199
995,333
1,012,948
1.259,837
1,354,509
1,629,770
1,649,733
3,406., 443
2,719.443
2.368,452
2,616.041
3,267,954
3,716,609
4,326,490
8,170,862
7,703,490
8,542,770
8,618.861
8,036', 844
7,903,974
7,736,066
8,316,649
8,944,661
9,118.428
9,360,697
9,310,921
9,463,300
9,402,008
9,574,328
9.567,477
9,625, 661
9,413,000
9,165,000
8,984,000
8,795,000
8,621,000
8,478,000
8,330,000
8,086,000
7,969,000
7,794,000
7,661,000
7,504,000
7,386,000
7,232,000
7,129,000
-7,021,000

194
No.

REPORT ON T H E FINANCES.
46.—TRANSACTIONS BETWEEN THE SUBTREASURY AND CLEARING HOUSE IN
N E W YORK DURING EACH MONTH, PROM JANUARY, 1900.

Month.

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...
November
December.
1906—January...
February .
March
April
May
June
July
August
September
October...
November
December.
1906—January . .
February .
March
April
May
June
July . . . . : .
August
September




Checks sent to
clearing house.

Checks received
from clearing
house.

638.26
457.09
606.31
016.63
876.73
804.63
439.45
141.32
973.88
065.85
969.89
579.95
733.12
246.42
279.66
076.36
141.30
058.84
227.14
527.39
973.28
036.82
058. 57
408.72
296.32
023.10
501.12
135.29
686.83
003.43
851.88
695.73
260.82
624.21
487.99
316.16
065. 77
219.77
891.18
444.79
144. 53
064.15
287.08
283. 54
641.60
432.36
520.86
506.14
173. 93
107.08
631.68
814.38
324.51
667.27
480. 60
238.53
253.26
061.18
553.19
269.24
779.04
642.37
361.29
879.23
260.08
148.46
118.04
192.76
086.09
116.36
632.20
278.05
394.18
404.33
220.00
833.42
358.19
190.24
205.01
688.94
058.16

881.27
486.91
942.00
468.43
285.77
373.21
247.55
626.33
749.99
580.77
581.59
790.79
041.39
211.04
193.13
964.47
728.25
921.61
233.78
348.10
193.57
758.77
964.72
938.80
397.12
646.02
715.22
284.95
867.74
215.98
604.28
780.43
190.04
792. 79
797.65~
770. 69
194. 57
737.87
821.09
784.49
911.63
179.99
816.26
615.30
006.95
201. 62
703.28
269.50
686.17
261.15
705.64
187. 02
013.31
047.66
672.23
516.66
619.52
366.31
967.94
027.91
166.08
131.46
365.33
173.16
576.76
108.54
942.71
438.56
093.16
938.83
829. 68
316.89
493.94
622.75
215.38
428.46
626.23
611.40
368. 67
013.83
138.94

Balances due Balances duesubtreasury. clearing house.

$2,373,218.96
508,135.63

434,949.13
191,696.17
140.961.16
163,624.88
2.807.449.31
202,803.27
162,306.96
247,786.93
141,713.32
193,105.58
60,482.39
228.060.70
422, 060.06
211. 756.13
275, 785.10
644, 423.44
4, 159.87
1,032, 025.55
1, 652,184.22
1,889; 651.12
2,664, 356. 72
1,116: 056.69
1,252; 424.08
717.18
1,764,143.24
416,316.86
45,975.16
347,322.28
913.239.53
280.814. 54
2,042,112. 70
423,394.83
4,439,911.95
"i," 715," 797 ."58'
2,873,929.05
1,089,120.44
138,791.49
2,604,723.70
72,150.29
3,187,074.84
1,846, 370.30
298, 435.92
2,689, 536.49
1,029, 218.17
3,423, 974. 43
566, 894.30
638, 113.11
1,059, 374.77
325, 392.65
7,268, 976.27
3.760. 494.87
1,453, 127.16
724, 748.49
3,348, 367.87
829, 671.66
2,329, 858.22
3,033, 801.96

,243.01
,247.78
: 472.32
,
: 462.90
,
,410.04
' 568.68
,
,808.10
,485.01
,725.24
,210.09
; 582.86
,
1,835.72
' 308.27
,
>,413.93
1,716.74
! 195.07
,
; 586. 96
,
> 922.92
,
, 793. 67
,534.03
1,325. 87
,721.95
,388.64
,690.78
,100.80
,622.92
, 274.16
>, 905.79
,280.91
i 997. 65
,
1,176.84
. 344. 57
,
I 954.77
,
; 078.68
,
,493.88
, 106. 65
,485.62
; 574. 79
,
' 353.99
,
; 339. 70
,
! 767.10
,
), 833.02
. 672.42
, 647. 61
.340.51
,091. 64
.421.95
,577.90
. 624. 94
,
>, 164.07
1,668.79
• 372. 64
,
,600.75
,380.39
.889.21
.277.03
,195.31
,425.57
,414.75
.560.16
, 109. 74
,639.38
,068.88
,293.93
, 685.98
,396.01
,361.16
, 463.96
,982.50
, 716.78
,310.59
,412.61
.'492.41
,193.69
,490.26
, 722.19
1,016.53
\ 789. 03
, 835. 22
, 183.11
i 882.74
,

195

TBEASUBER.

N o . 4 7 . — A M O U N T OP EACH K I N D OP MONEY USED IN SETTLEMENT OP CLEARINGHOUSE BALANCES AGAINST THE SUBTREASURY IN N E W YORK DURING EACH MONTH,

PROM JANUARY, 1900.
Month.
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
Luly
August
September .
October
November .
December..
1903—January
February ..
March
April
May
.lune
July
August
September.
October
November .
December..
1904—January—
February ..
March
April
May
June
July
August
September .
October —
November .
December..
1906—.lanuary . . .
F e b r u a r y ..
March
April
May

p/^iri n^i-T-, U n i t e d S t a t e s
Lroia c o m .
j^Q^gg

$6,650,000

12,500,000
8,300,000

Jurie

July
August
September.
October —
November .
December..
1906—January . . .
February ..
March
April
May
•June
July
August
September.




:,170,
82!
23;
19:
17,
15;
18;
23;
17:
23:
16,
18:
24,
17:
20:
21:
25:
23:
24:
25:
16:
24:
20:
20:
20;
19,
21,
23:
22:
20,
28,
25,
21
29;
22,
24
28;
15,
19;
27,
26,
32:
22:
25:
26:
23:
15:
24:
21:
19:
23:
21,
18:
25;
21,
25,
19,
22,
22,
23,
24
17:
14:
21
23,
22,
16,
21
12;
22
17
19;
22,
12,
15,
17
18;
14,
20;
19,
13,

Treasury
j^Q^gg^

Gold
Silver
vjuiu
onvci
certificates, certificates.
960,100
262,000
261,000
893,000
545,000
764,000
718,000
060,000
597,000
154,000
188; 000
680,000
303,000
348,000
666,000
271,000
453,000
342,000
827,000
632,000
880,000
742,000
527,000
281,000
579,000
738,000
620,000
693,000
899,000
990,000
267,000
221,000
359,000
224,000
318.000
297.000
873,000
393,000
968,000
386,000
086,000
648,000
288,000
467,000
688,000
852,000
060,000
661,000
352,000
056,000
207,000
436,000
940,000
094,000
467.000
716.000
102,000
837.000
264.000
032,000
647,000
616,000
842,000
589,000
283,000
614,000
409,000
629,000
115.000
986.000
702,000
918,000
563,000
337,000
775.000
473.000
721,000
656,000
914,000
446,000
100,000

rp^toi
•^°'"^^'

$33 130,243
12 344,248
14 274,472
32 912,453
20 562,410
17 779,569
23 736,808
35 083,485
17 614,726
23 177,210
22 203,683
18 698,836
32 977,308
13 365,414
8 686,717
18 292,195
18 478,587
16 365,923
19 851,794
18 657,534
22 896,326
21 766,722
23 547,388
11 301,591
26 599,101
16 767,523
16 641,274
18 716,906
13 921,281
9 010,997
22 295,176
15 246,344
12 380,955
26 263,078
11 340,493
11 321,106
27 901,485
9 408,574
8 987,353
22 413,339
19 112,767
15 680,833
24 310,672
19 492,648
21 713,341
24 875,092
10 065,422
18 676,578
31 373,625
25 575,154
20 630,569
30 457,373
25 968,601
19 119,
29 488,
23 740,277
9 121,195
16 859,426
17 286,416
17 055,550
27 671,no
14 633,
8 856,639
21 610,069
12 306,294
18 636,686
22 426,396
15 660,361
9 127,464
13 008,982
9 719,717
8 937,311
21 585,413
8 349,492
6 790,194
10 490,490
6 739,722
8 670,017
21 934,789
12 465,835
6 113,183

196
No.

REPORT ON T H E FINANCES.
4 8 . — S H I P M E N T S OP SILVER COIN PROM EACH OFFICE OP THE TREASURY AND
MINTS, FROM J U L Y 1, 1885.
D u r i n g fiscal year" 1906.
Total to .tune
30, 1905.

Office.

Standard
dollars.

Subsidiary
• silver.

T o t a l for y e a r .

Total to J u n e
30, 1906.

TRE.ASURY.

$30,128,699.64
9,101,153.38
65,825,550.66
185,368,427.43
86,064,379.11
1.07,699,367.07
• 86,371,998.44
61,809,963.16
62,103,151.25
138,929,065.38

Vv'asaington
Bil t i m o r e
R (-iton
(In icago
("•inciunati
New O r l e a n s
New Y o r k
Ph i l a d e l p h i a
Sail Franci-seo
St. L o u i s

$1,570,798
373,000
1,087,000
10,086,267.
4,702,615
8,397,600
1,414.100
1,920,899
2,471,800
9,415.150

$1,076,914.20
650,320.00
1,660,740.00
6,850.606.40
2,368,181.30
2,248.195.00
4,829,102.602.861,416.40
2,483,610.00
4,254,726.00

$2,647,712.20
923,320.00
2.647,740.00
16,936,873.40
7,070,696. 30
10,646,795.00
6,243,202.60
4,772,314.40
4,956,410.00
13.669,875.00

$32,776,411. 84
10.024,473.38
68,473, 290.65
201,304,300.S3
93.125,075.41
118,245,152.07
92,615,201.04
66,682,267. 56
57,068,561.25
152,598,940. 38

4,775.00
245,660.00
1,106,595.60
73,600.00

653,630.00
4,776 00
70,055, 936.70
31,009, 364.43
7,697 990.00

MINTS.

C a r s o n City
Denver
New Orleans
Philadelphia
S a n F r a n cisco

653,630.00
69,810,286.70
29,903,768.93
7,624,490.00

Total

.

.

.

6,300
117.399
1,000

4,775.00
239.350.00
988,196.50
72,500.00

. 931,283,911.14

41,562,828

29,378,631.40

70,941,459.40 l,002,-225 370.64

N o . 4 9 . — S H I P M E N T S OF SILVER COIN PROM THE TREASURY OFFICES AND MINTS
DU.RING EACH FiSCAL Y E A R PROM 1895, AND CHARGES THEREON POR TRANSPORTATION.
Standard
dollars.

1895
1896
1897.
1898
1899
1900
1901
1902
.1903
1904
1905
1906.:

.

.

....

Svibsidiary
silver.

Total.

$27,155,466.80
28,412,300.35
29,600,035.10
33,270.610.00
33,305,262.00
36,284,791.80
38,338,519.00
40.404.325.00
41,182.164.00
41,032, 716.00
44,988.746.00
41,562,828.00

Fiscal year.

$11,885,117.47
12,458,107.03
12,029,955.29
16,330,205.24
17,018,536.66
19,707,902.66
21,075,146.85
• 21,871,959.35
24,112,444. 65
24,382,947.90
27,606,184.80
29,378,631.40

$39,040,584.27
40,870,407.38
41,629, 990.39
48,600,815.24
50,323,798.66
55,992, 694.36
69,413,665.86
62,276,284.36
66,294,598.65
65,415, 662.90
72,594, 930.80
70,941,459.40

Charges.
$78,333. 84
78,756. 64
81,526.24
110,065.53
111, 741.61
126,969.37
125,742. 99
124,003.65
132,265.06
126,359.81
137,597.21
162,228. 96

Rate per
$1,000.
S2 01
1.93
1 96
2.26
2.22
2.26
2 12
1.99
2.03
1.93
L90
2.15

N o . 5 0 . — B A L A N C E IN THE TREASURY OP THE U N I T E D STATES; AMOUNT IN TREASURY
OFFICES, AND AMOUNT IN DEPOSITARY BANKS, AT THE E N D OF EACH CALENDAR
Y E A R PROM THE ADOPTION OP THE CONSTITUTION IN 1789 TO 1842, AND AT THE
E N D OP EACH FISCAL Y E A R THEREAFTER TO 1906.
Balance in t h e Treasury, a
Date.

1789—December 31 . .
1 7 9 0 _ M a r c h 31
J u n e 30
S e p t e m b e r 30
D e c e m b e r 31
1791—June 30
S e p t e m b e r 30
D e c e m b e r 31
1792—March 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
D e c e m b e r 31

I n Treasiu-y
.
offices.
.

.

$10,490.54

-r.

232.14

In depositary
banks.
$28,239.61
60.613.14
155,320.23
349,670.23 .
570,023.80
671,699.00
679,579.99
973,905.75
761.377.34
623,133.61
420,914.61
783,212.37
1,036,973.09
561,436.33
753,661.69

Total.
$28,239.61
60,613.14
165,320.23
349,670.23
570,023.80
582,189.54
679,679.99
973,906.76
• 751,377. 34
623,133.61
420,914.51
783,444.61
1,036,973.09
561,435.33
753,661.69

Number
of
depositary
banks.

•

3
3
3
3
3
3
4
6
6
9
9
8

"This statement is made from warrants paid by the Treasurer of the United States to Dec. 31.1821,
and by warrants issued after that date.




TBEASUEER.

197

N o . 5 0 . — B A L A N C E IN THE TREASURY OP THE UNITED STATES, AMOUNT IN TREASURY
OFFICES, AND AMOUNT IN DEPOSITARY BANKS, ETC.—Continued.

Balance in the Treasury.
Date.

In Treasury
offices.

In depositary
banks.

Number
of
depositary
banks.

1794—December 3 1 . .
$1,161 924.17
161,924,
1796—December 3 1 . .
616; 442.61
616,442,
1796—December 3 1 . .
888; 995.42
888,995,
1797—December 3 1 . .
1,02i; 899.04
021,899,
1798—December 3 1 . .
617 451.43
617.461,
1799—December 3 1 . .
2, 161,867,
2, i6i; 867.77
1800—December 3 1 . .
2, 623,311,
2,623 311.99
1801—December 3 1 . .
3,295,391.
3,296; 391.00
1802—December 3 1 . .
5,020.697.
5,020; 697.64
1803—December 3 1 . .
4, 825,811.
• 4,826;811.60
14
1804—December 3 1 . .
4, 037,005.
4,037; 005. 26
16
1806—December 3 1 . .
3,999,388.
3,999; 388. 99
15
1806—December 3 1 . .
4, 538,123.
4,538; 123.80
1807—December 3 1 . .
9,643.850.
9,643; 850.07
1808—December 31V.
9,941,809.
9,941 809.96
1809—December 3 1 . .
3,848,056.
3,848 056. 78
1810—December 3 1 . .
2, 672,276.
2, 672;276.67
1811—December 3 1 . .
3,502.305.
3.6O2; 306.80
1812—December 3 1 . .
3,862,217.
3,862; 217.41
1813—December 3 1 . .
5,196,542.
6,196; 642.00
1814—December 3 1 . .
1,727,'848.
1,727; 848.63
• 1815—December 3 1 . .
13, 106,692.
13,106; 692.88
1816—December 3 1 . .
22, 033,519.
22,033; 519.19
94
1817—December 3 1 . .
14, 989,465.
14,989, 465.48
1818—December 3 1 . .
1 478,626.
>
1,478, 626.74
1819—December 3 1 . .
2, 079,992.
2,079; 992.38
1820—December 3 1 . .
1,198,461.
1,198; 461.21
1821—December 3 1 . .
1,681,592.
l,68i; 592.24
1822—December 3 1 . .
4, 193,690.
58
4,193; 690.68
1823—December 3 1 . .
9,431,353.
55
9,431 353.20
1824—December 3 1 . .
1,887,799.
58
1,887; 799.80
1825—December 3 1 . .
6,296.306.
60
5,296; 306.74
1826—December 3 1 . .
6,342,289.
59
6, 342;289.48
1827—December 31...
6,649, 604.
59
6.649, 604. 31
1828—December 3 1 . .
5,965,974.
56
5,966*,974<27
1829—December 31 . .
a 4,362,770.
40
4,3'62, 770.76
1830—December 3 1 . .
' 4,
40
4,76i; 409.34
761,409.
1831—December 3 1 . .
42
3,053, 513.24
053,613.
1832—December 3 1 . 41
911 863.16
911,863.
1833—December 3 1 . .
62
10,658, 283.61
668,283.
1834—December 3 1 . .
50
7,86i; 093.60
861,093.
1835—December 3 1 . .
44
25.729; 315.72
729,316.
1836—December 3 1 . .
91
$700, 000.00
45.066; 833.64
756,833.
1837—December 3 1 . .
54
1,026, 610.63
6,779, 343.01
804, 953.
1838—December 3 1 . .
43
5,364, 887.61
633,715.
1,268, 827.62
1839—December 3 1 . .
27
3. 992,319.44
683,416.
691. 097.04
1840—December 3 1 . :
11
290; 632.18
704,561.
1,414, 029.62
1841—December 3 1 . .
19
170, 361.73
376,692.
205, 330.74
1842—December 3 1 . .
26
079^908.
1,699,709.09
380, 199.04
30
10,525, 267.10
669, 889.11
196.166.
1843—June 30
34
8,222, 651.19
390, 199.04
612,850.
1844—June 30
43
7,386, 460.82
725, 199. 04
no, 649.
1845—June 30
49
8,915,
768, 000.00
683,869.
1846—June 30
6,446, 382.16
446, 382.
1847—June 30
758, 332.15
768,332.
1848—June 30
3,208, 822.43
208,822.
1849—June.30 •.
7, 431,022.
7,431, 022.72
1850—June 30
12, 142,193.
12,142, 193.97
1861—June 30
15, 097,880.
15,097, 880.36
1852—June 30
22, 286.462.
22,286, 462.49
1853—Jiine 30
20, 300,636.
20,300, 636. 61
1854—June 30
19, 629,841.
19,629, 841.06
1855—June 30
20, 304,844,
20,304, 844.78
1856—June 30
18, 218,770,
18,218, 770.40
1857—June 30
6, 698, 167.91
1868—June 30 . . . . . . .
e; 698.167.
685,625,
4,585, 626.04
1869—June 30
4, 931,287,
287.72
3,931,
1860—June 30 . . .
3, 005,285,
2,006, 285.24
1861—June 30
2; 265, 984.
18,265, 984.84
1862—June 30
18, 395.443,
8, 395, 443.73
1863—June 30
8, 002,776.
39,980,756.39
204
72,022, 019. 71
1864—June 30
112, 420,309.
36,073,363.73
330
6,346, 955.56
1865—June 30
41 i143,187.
34,298,320.54
382
101,844, 867.12
1866—June 30
136, 021,507,
25,208,363.78
385
125,813, 153.63
1867—June 30
151, 411,026.
22,779,797.62
370
86,631, 229.20
1868—June 30
109;
a T h e unavailable funds are not included from and after this date.
& 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 Oct. 2,1837, is not included from and after this date

H. D o c 9, 59-2

14




198

REPORT ON T H E FINANCES.

N o . 5 0 . — 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.

1869—June
1870—June
1871—June
1872—June
1873—June
1874—June
1875—June
1876—June
1877—June
1878—June
1879—June
1880—June
1881—June
1882—June
1883—June
1884—June
1886—June
1886—June
1887—June
1888—June
1889—June
1890—June
1891—June
1892—June
1893—June
1894—June
1896—June
1896—June
1897—June
1898—June
1899—June
1900—June
1901—June
1902—June
1903—June
1904—June
1905—June
1906—June

30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30 .
30
30
30
30
30
30
30
30
30
30

In Treasury
offices.

.

.

. . ..

.'




$111,576,414.43
102.621,920.67
82,607,293.41
60,872,563.46
49,194,276.63
64,723,630.48
61,712,042.19
51,427,414.23
84,394,007.01
130,570.578.16
169,020,734.90
160.528.170.60
173.974.146.61
162,941,618.24
161,679,256.91
164,667,652.96
171,861,780.21
218.277,107.26
188,626,383.03
189.395.440.66
167,646,333.23
164,061.481.40
136.448.137.33
118.728,662.52
114,862,278.94
108,462.220.55
186,369.687.37
258,221,832.66
232,304,043.90
176,438,942.32
214,193,189.26
214.206.233.65
234,964.116.04
246,045,797.03
248.685.097.63
217.691.929.67
230,674.026.59
249,958,296.77

I n depositary
banks.

Total.

$8,597,927.34
$120,174,341.77
8,206,180.34
110,728, IOL 01
6,919,-745.69
89,527,039.00
12.601,595.08
• 73,374,158.54
7,233,66L11
56,427,827.64
7,435,966.69
72,159,597.17
11,662,679.52
63.274,721.71
7,620,194.76
68,947,608.99
7,299,999.28
91,694,006.29
177,498,846.71
46,928,268.66
208,033,840.24
367,064,676.14
7,771,233.90 . 168,299,404.40
8,704,830.83
182,678,977.44
9,381,712.90
162,323.33L14
9,803,38L79
161,382,637.70
10,488,827.63
166,046,380. 69
10,770,579.96
182,622,360.17
13,822,070.80
232,099.178.05
18.976.316.41
207,600.698.44
54,698,728.36
244.094.169.01
43,090,760.63
210.737,083.76
26,779,703.32
190,841,184.72
21,399,689.16
166,847,826.49
10,460,130.01
129,178,792.53
124.824.804.94
9,962,526.00
118.885.988.16
10,423,767.61
196.348.193.17
10.978.605.80
269,637,307.07
11.415.474.42
244.466.201.95
12,162.158.06
209,282,643.13
33.843.700.81
284,488,516.20
70,295,326.94
• 306,827.606.37
92,621,371.72
328.406. 798.13
93,442,683.09
362,187,361.16
117,141,664.13
388,686,114.23
140,001,016.70
322.051.568.02
104,459,638.46
295,477,491.89
64,803,466.30
330,689,354.82
80,731.058.06

Number
of
depositary
banks.
276
148
169
163
168
164
145
143
146
124
127
131
130
134
140
135
132
160
200
290
270
206
185
169
160
155
160
160
168
172
357
442
448
577
713
842
837
928

199

TREASURER.
No.

5 1 . — N A T I O N A L B A N K S D E S I G N A T E D AS D E P O S I T A R I E S O F P U B L I C M O N E Y S ,
THE B A L A N C E H E L D B Y E A C H S E P T E M B E R 30, 1906.

Title of bank.

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

REGULAR DEPOSITARIES.

Florida.
$50,000.00
49,878. 79
50,000.00
46,671.69

Alaska.
First National Bank, Juneau .

95,013.90

49,831.86
50,000.00
50,000.00

78,164.07

California.
First National Bank, Eureka
First National Bank, Fresno
Farmers' National Bank, Fresno...
First National Bank, Los Angeles..
First National Bank, Oakland
National Bank of D. 0. Mills & Co.,
Sacramento
First National Bank, San Francisco
American National Bank. San
Francisco
Crocker National Bank. San Francisco
San Francisco National Bank, San
Francisco
Wells Fargo Nevada National
Bank, San Francisco

99,962.44
200,000.00
100,000.00
697,822.16
160,244.00




First National Bank, Blackfoot...
Boise City National Bank, Boise..
Exchange National Bank, Cceur
d'Alene
First National Bank, Hailey

75,000.00
148,761.33

88,057.30
299,144.14
193,996.95

337,547.96
30,648.81
102.865.21
50,000.00
49,260.00

Illinois.
First National Bank, Chicago
Corn Exchange National Bank.
Chicago
Fort Dearborn National Bank,
Chicago
Hamilton National Bank, Chicago,
Danville National.Bank, Danville,
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,
Ricker National Bank, Quincy
Rock Island National Bank. Rock
Island
First National Bank. Springfield ..
Illinois National Bank, Springfield,
State National Bank, Springfield.,

1,640,000.00
102,074.25
1,200,000.00
870,000.00

393,790.44
339,835.02
348,434.42
74,741.07
60,000.00
89,778.86

60,913.34
86,873.40
49,962.45

Old State National Bank, Evansville
FirstNational Bank, Hammond...
American National Bank, Indianapolis
Capital National Bank, Indianapolis
,
Indiana National Bank, Indianapolis
•
Merchants' National Bank, Indianapolis

450,000.00
. 499,849.43
160,000.00
300,000.00
199,737.28
59,364.83
100,000.00
300,000.00
200.000.00
586,000.00
285,000.00
800,000.00
475,000.00
325,000.00
50,000.00
47,955.12
57,043.08
60,000.00
70,283.78

Indiana.

51,962.84
50,000.00

.49,975.00

District of Columbia.
Central National Bank, Washington

First National Bank of Hawaii,
Honolulu

237,917.99

Delaware.
First National Bank, Wilmington .

Atlanta National Bank. Atlanta..
Lowry National Bank, Atlanta . . .
Merchants' National Bank, Savannah

101,666.20

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..

75,027.47
46.913.67
50,000.00

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

$150,470.49

Hawaii.

Arkansas.
Exchange National Bank, Little
Rock

Atlantic National Bank. Jacksonville
National Bank of Jacksonville,
.lacksonville
First National Bank. Key West...
First National Bank, Pensacola ..
American National Bank. Pensacola
First National Bank, Tampa
Georgia.

Arizona.
Phoenix National Bank, Phoenix.
Prescott National Bank, Prescott.
Consolidated National Bank, Tucson

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

REGULAR DEPOSITARIES—con.

Alabama.
First National Bank, Birmingham
Bank of Mobile, National Banking
Ass elation. Mobile
First National Bank, Montgomery,
City National Bank, Tuscaloosa..

Title of bank.

WITH

504,406.68

49.302.37
150,000.00
499,973.70
150,000.00
524,773.89
250,000.00

200

REPORT ON T H E EINANCES.

N o . 5 1 . — N A T I O N A L BA.NKS DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS, WITH
THE BALANCE H E L D BY EACH SEPTEMBER 30, 1906—Continued.

Title of bank.

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

REGULAR DEPOSITARIES—con.

Title of bank.

REGULAR DEPOSITARIES—COU.

Indiana—Con tinued.

.Louisiana.

People's National Bank. Lawrenceburg
Marion National Bank, Marion...
Citizens' National Bank, South
Bend
:
First National Bank. Vincennes...
German National Bank, Vincennes.

New Orleans National Bank, New
Orleans
,
Whitney-Central National Bank,
New Orleans

$150,000.00
72,051.56
52, OOO.-OO
50,000.00
50,000.00

Indian Territory.
ArdmoreNational Bank, Ardmore.
Commercial National Bank. Muskogee

47,969.10
46,179.12

Iowa.
First National Bank, Burlington . .
City National Biank, Clinton
First National Bank,Council Bluffs.
First National Bank. Davenport..
Citizens' National Bank, Des
Moines
Iowa Natidnal Bank, Des Moines.
Valley National Bank, Des Moines
Second National Bank, Dubuque..
First National Bank, Ottumwa . . .
First National Bank, Sioux C i t y . . .
Security National Bank, Sioux City.

100,000.00
50,000.00
100,000.00
125,000.00
76,722.61
199,386.20
62,904.97
70,000.00
60,000.00
100,000.00
48,442.90

Kansas.
Lawrence National Bank. Lawrence
First National Bank, Leavenworth
•
Leavenworth Nation al B a n k .
Leavenworth
Merchants' National Bank, Topeka
Fourth National Bahk, Wichita
Kansas National Bank, Wichita. . .

49,994.74




Maryland.
Merchants' National Bank, Baltimore
National Exchange Bank, Baltimore
National Mechanics' Bank, Baltimore
Second National Bank, Cumber. land
Second National Bank, Hagerstown
,
Massachusetts.
Merchants' NationalBank,Boston.
National Shawmut Bank, Boston..
Mechanics' National Bank, New
Bedford
Third National Bank, Springfield..

150,409.59
145.848.05
49.655. 07
50.000.00
100,000,00

Kentucky.
Citizens' National Bank, Bowling
Green
Carrollton National Bank, Carrollton
First National Bank, Covington...
Citizens' National Bank, Covington
Farmers' National Bank, Danville
State National Bank, F r a n k f o r t . . .
Lawrenceburg National Bank,
Lawrenceburg
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 . . .
FirstNational Bank, Owensboro..!
National Deposit Bank, Owensboro
City National Bank, Paducah

3Iaine.
Granite National Bank, Augusta.
First National Bank, Bangor
Portland National Bank,. Portland

50,000.00
53.000.00
99,905.00
98,338.86
80,104.05
50,000.00
50,000.00
105.000.00
238,405.21
13,634.44

Central National Bank, Battle
Creek
First National Bank, Detroit
Commercial National Bank, Detroit
Old Detroit National Bank, Detroit
Fourth National Bank, Grand
Rapids
,
Miners' National Bank, Ishpeming
FirstNational Bank, Marquette..
First NationalBank, Menominee.
Second National Bank, Saginaw .
Minnesota.
Merchants' National Bank, Crookston
,
First National Bank, Duluth
,
First National Bank, Minneapolis,
First National Bank, St. Paul
,
Second National Bank, St. P a u l . . ,

400,000.00
199,945.30
201,000.00
337,226.70
50,000.00
96,606.73
99,976.53
49,939.66

First National Bank, Vicksburg...
Missouri.
First National Bank, Kansas City..
American National Bank, Kansas
City
National Bankof Commerce, Kansas City

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

201

TREASURER.

N©. 5 1 . — 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, 1906—Continued.

Title of bank.

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

REGULAR DEPOSITARIES—con.

REGULAR DEPOSITARIES—con.

Missouri—Contin ued.
Union National Bank, Kansas City
First National Bank of Buchanan
County, St. Joseph
Merchants-Laclede National Bank,
St. Louis
National Bank of Commerce, St.
Louis
:
State National Bank, St. Louis

New ForA:—Continued.
$125,000.00
166,447.01
202,273.14
438,000.00
400,000.00

Montana.
Yellowstone National Bank, Billings
First National Bank; Butte
First National Bank, Great Falls .
American National Bank, Helena
National Bank of Montana, Helena
—
Conrad National Bank, KalispelL
First National Bank, Lewistown..
State National Bank, Miles City..

49,683.00
75,000.00
49,381.33
99,944.36
149.860. 85
60;000.00
25,000.00
48,062.69

Nehraska.
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

49,870.99
198,435. 79
70,000.00
150,019.11
399,218.69
100,000.00

Nevada.
Farmers and Merchants' National
Bank, Reno
,

49,421.98

National Bank, Albuquerque
National Bank, Clayton
National Bank, Roswell
,
National Bank, Santa Fe

100,000.00
188,920.18
52,000.00

150,000.00
75,388.41
70,000.00
60,000.00
99,752.12

95,874.64
50,918.90
50,000.00
43,733.43

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...




80,000. 00
52,000.00
50,000. 00
99,641.73
50,086.69
100.000. 00

North Dakota.

New Mexico.
First
First
First
First

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..

First National Bank, Bismarck
First National Bank, Fargo
Second National Bank, Minot
Citizens' National Bank, Williston.

New Jersey.
First National Bank, Jersey City.
Union National Bank, N e w a r k . . .
FirstNational Bank, Paterson
Paterson National Bank, Paterson
FirstNational Bank, Trenton. . . .

Citizens' Central National Bank,
New York
$466.293.91
Hanover National Bank, New York. • 2,693.000.00
Liberty National Bank, New York.
200,000. 00
National Bank of Commerce in
New York
.•.. 2,452,203. 69
National City Bank of the City of
New York
14,821,000.00
New Amsterdam National Bank,
New York
212,000.00
Seaboard National Bank,New York.
50,000.00
First National Bank, Oswego
Westchester County National Bank,
198,254.68
Peekskill
,
Plattsburg National Bank, Platts160,000.00
burg
National Bank of Rochester, Ro48,111.76
chester
76,906.46
Traders' National Bank, Rochester.
78,000.00
Third National Bank, Syracuse
77,970. 50
Manufacturers' National Bank,
100,000.00
Troy
100,000.00
National State Bank, Troy
50,098.22
Second National Bank, Utica

49,776.25

New Hampshire.
First National Bank, Concord
Manchester National Bank. ManChester..........................
First National Bank, Portsmouth.
New Hampshire National Bank,
Portsmouth

•Title of bank.

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

• 198,878.93
92,186.80
49,901. 00
200,109.52
150,000.00
850,000.00
49,143.67

60,000.00
104,990. 00
49,930. 99
50.550. 50

Ohio.
First National Bank, Athens
First National Bank, Chillicothe ..
First National Bank, Cincinnati...
Third National Bank, Cincinnati..
Fourth National Bank, Ciucinnati.
Fifth National Bank, Cincinnati..
Citizens' National Bank, Cincinnati
First National Bank, Cleveland ..,
Bank of Commerce. National Association, Cleveland
Deshler National Bank, Columbus
Hayden-Clinton National Bank,
Columbus
Third National Bank, Dayton
First National Bank, Hamilton
Second NationalBank, Hamilton.,
Miami Valley National Bank, Ham. ilton
,
Merchants' National Bank, Middletown
'
FirstNational Bank, Portsmouth..
First National Bank, Toledo
Second National Bank, Toledo —
Troy National Bank, Troy

34.966.00
94,892.56
446,000.00
249,532.08
250,000.00
200,000.00
250,000.00
235,000. 00
140,000.00
200,955.46
100,000.00
175,000.00
100,000.00
50,000.00
50.000.00
100.000.00
50,000.00
49,582.37
80,024.34
100,000.00

202

REPORT ON T H E EINANCES.

^ o . 5 1 . — 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, 1906—Continued.

Title of bank.

To the credit
of the Treasurer of the •
United States
and United
States disbursing offi
cers.

REGULAR DEPOSITARIES—con.

REGULAR DEPOSITARIES—con.

Oklahoma.
Guthrie National Bank, Guthrie..
National Bank of Commerce,
Guthrie
First National Bank, Lawton
Oklahoma City National Bank,
Oklahoma City
Western National Bank, Oklahoma City
FirstNational Bank, Woodward..

South Dafcoia—Continued.
$75,000.00
49,660. 57
49, 607. 46
50,000.00
200,000.00
50,911.95

Oregon.
First National Bank, Burns.. .^
La Grande National Bank, La
Grande
First National Bank, Lakeview...
First National Bank, Portland . . .
Merchants' National Bank. Portland
United States National Bank, Portland

25,000. 00
50,000.00
50,000.00
798,034.45
148,996.47
100,000.00

Pennsylvania.
Merchants'. National Bank, Allentown
First National Bank, Altoona
First National Bank, Erie
First National Bank, Harrisburg .
Conestoga National Bank, Lancaster
New First National Bank, Meadville
First National Bank. Philadelphia
.Corn Exchange National Bank,
Philadelphia
Merchants' National Bank, Philadelphia :
Quaker City National Bank, Philadelphia
Second National Bank, Pittsburg.
Mellon National Bank. Pittsburg.
First National Bank, Reading
Third National Bank, Scranton ..,
FirstNational Bank, Wiikes-Barre,
First National Bank, York
,

Title of bank.

50,000.00
49,000.00
49,929. 77
90,000. 00
80,063.31
50,000.00

300,830, 25
2,938,076. 60
113,489.31
350,000.00
500,000. 00
80,000. 00
109,994.26
50,000.00
50,000.00

First National Bank, Huron
First National Bank, Mitchell
First National Bank, Rapid City .
Minnehaha National Bank, Sioux
Falls
Tennessee.
First National Bank of Bristol
First National Bank, Chattanooga
American National Bank, Chattanooga
Manufacturers' National Bank,
Harriman
Unaka National Bank, John.son
City
East Tennessee National Bank,
Knoxville
Holston National Bank, Knoxville
First National Bank, Memphis
First National Bank, Nashville...
American National Bank, Nashville
First National Bank, Tullahoma..
Texas.
Austin National :Bank, Austin
American Exchange
National
Bank, Dallas
City National 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
Utah.
FirstNational Bank, Ogden
Utah Nationail Bank, Ogden
,
Deseret National Bank, Salt Lake
City
National Bank of the Republic,
Salt Lake City

Phode Island.

Vermont.

Aquidneck National Bank, Newport
,
Merchants' National Bank. Providence
,

Merchants' National Bank, Burlington

48,067. 52
349,858. 76

Soidh Carolina.
First National Bank, Charleston ..
Carolina National Bank, Columbia.
National Loan and Exchange
Bank, Columbia
Palmetto National Bank, Columbia
National Union Bank, R o c k h i l l . . .

105, 215.03
49,466.26
50,000.00
150,000. 00
50,000.00

South Dakota.
Aberdeen National Bank, Aberdeen
;

First National Bank, Deadwood...




51,150.00
62,000.00

Virginia.
First National Bank, Abingdon
First National Bank, Alexandria..
First National Bank, Danville
Lynchburg NationalBank, Lynchburg
.
"
National Bank of Commerce, Norfolk
Norfolk National Bank, Norfolk...
Virginia National Bank, Petersburg
American National Bank, Rich. mond
Merchants' National Bank, Richmond
:

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

203

TREASURER.

N o . 5 1 . — 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, 1906—Continued.

Title of bank.

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

REGULAR DEPOSITARIES—con.

REGULAR DEPOSITARIES—con.

Washington!.
First National Bank,North Yakima
National Bank of Commerce.
Seattle
Seattle National Bank, Seattle
Exchange National Bank, Spokane
Old National Bank, Spokane . . . . . .
National Bank of Commerce, Tacoma

irisconsm—Continued.
$45,032.73
730,635. 63
500,000.00
74,712.03
49,103.90

Title of bank.

60,069.00

260,000.00

Treasury of the Philippine Islands.
Manila (August 31)

175,000.00
74,155.06
50,000.00
60,000.00

ADDITIONAL DEPOSITARIES.

59,131.38
50,000.00
50,000. 00
49,884.38
To the credit
of the Treasurer of the
United
States.

Philippine Islands.
4,065,007.06

Porto Eico.
American Colonial National Bank,
San Juan
Total.

254,308.93
77,278,656.05

Title of bank.

To the credit
of the Treasurer of the
United
States.

SPECIAL DEPOSITARIES—continued.
C'aZi/bniia—Continued.
$50,000.00
50,000.00
50,000.00
50,000.00
60,000.00
50,000.00
60,000.00

60,000.00

Arkansas.
26,000.00

California.
First National Bank, Berkeley
,
Berkeley National Bank, Berkeley.
American National Bank, Los An-

300,000.00
200.000.00

Citizens' National Bank, Los Angeles
Farrriers' and Merchants' National
Bank, Los Angeles

60.000.00




293,212.32
of Oshkosh,

50,000.00
60,167.43
60,000. 00

Arizona.

First National Bank, Gravette

199,662.81

125,038.64
75,000.00

Alabama.

First National Bank. Bisbee

$344,649.58

Bank, Mil-

First National Bank, Cheyenne...
Stock Growers' National Bank,
Cheyenne
First National Bank, Lander
First National Bank. Shoshoni . . .

SPECIAL DEPOSITARIES.

First National Bank, Anniston
Anniston National Bank, Anniston.
First National Bank, Dothan
First National Bank, Gadsden
Exchange National Bank. Montgomery
City National Bank, Selma
Selma National Bank, Selma

Milwaukee.
Bank, Mil-

Wyoming.

Wisconsin.
Ashland National Bank, Ashland,
Kellogg National Bank, Green
Bay
National Bank of La Crosse, La
Crosse
First National Bank, Madison

First National Bank,
National .Exchange
waukee
Wisconsin National
waukee
Old National Bank
Oshkosh

100,040.00

West Virginia.
Citizens' National Bank, Charleston
.•
First National Bank, Grafton
,
West Virginia National Bank,
Huntington
,
Old National Bank, Martinsburg.,
First National Bank, Parkersburg.
National Exchange Bank; Wheeling

Title of bank.

To the credit
of the Treasurer of the
United States
and United
States disbursing officers.

100,000.00

100,000.00

Merchants' National Bank, Los
Angeles
First National Bank, Napa
Union National Bank, Oakland . . .
First National Bank, Pasadena
FirstNational Bank, Pomona
First National Bank, Riverside
First National Bank, San Diego
Citizens' NationalBank, San Francisco
,
National Bank of the Pacific, San
Francisco
,
United States National Bank, San
Francisco
,
Western NationalBank, San Francisco
First National Bank, San Jose
Santa Rosa National Bank, Santa
Rosa

$50.000.00
100.000. o'o
200.000.00
50,000.00
50.000.00
60.000.00
60,000.00
200,000.00
296,000.00
200,000.00
1,000, 000.00
100,000.00
100,000.00

Colorado. •
American National Bank, Alamosa.
First National Bank, Cripple Creek.
Capitol National Bank, Denver
National Bank of Commerce. Denver

50,000.00
60,000.00
- 50,000.00
50,000.00

204
No.

REPORT ON T H E EINANCES.
5 1 . — 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, 1906—Continued.

Title of bank.

To the credit
of the Treasurer of the
United
States.

Idaho.

Colorado—Continued.

Connecticut.
Bridgeport National Bank, Bridgeport
•
First National Bank, Hartford
First National Bank, Meriden
Home National Bank, Meriden
Mechanics' National Bank, New
Britain
National Bank of Norwalk, Norwalk
First National Bank, Norwich
First National Baiik, Putnam
Windham National Bank, Willimantic
,
Delaware.
Lewes National Bank, Lewes
District of Columbia.
Second National Bank, Wa.shington
American National Bank, Washington . Commercial National Bank, Washington
Farmers' and Mechanics' National
Bank of Georgetown, Washington.
National Capital Bank, Washington
National City Bahk, Washington.
National Metropolitan
Bank,
Washington
Riggs National Bank, Washington
Traders' National Bank, Washington
:....

First National Bank, Pocatello —
FirstNational Bank, Wallace
Weiser National Bank, Weiser.....
Elinois.

$20,000.00
50,000.00
50,000.00

First National Bank, Amboy
First National Bank, Aurora
,.
First National Bank, Beardstown..
First National Bank, Belvidere —
50,000.00 Old National Bank, Centralia
50,000. 00 First Natioiial Bank, Champaign..
90,000.00 Commercial National Bank, Chicago
50, 000.00
Drovers' Deposit National Bank,
Chicago
50,000.00
Monroe National Bank, 'Chicago ..
55,000.00 National Bank of the Republic,
Chicago
50,000.00
50,000.00 Second National Bank, Danville...
Citizens' National,Bank, Decatur..
15,000.00 National Bank of Decatur, Decatur.
Tazewell County National Bank,
. Delavan
First National Bank, Dwight
50,000.00 FirstNational Bank, East St. .Louis.
First National Bank, Edwardsville
Home National Bank, Elgin
First National Bank,.Flora
518,000. 00 First National Bank, Granite City.
Granite City National Bank, Granite City
277,500.00
Joliet National Bank, Joliet
309,000.00 City National Bank, Kankakee
Lincoln National Bank, Lincoln...
Third National Bank, Mount Vernon
225,000.00
Pana National Bank, Pana
172,500.00 Edgar County National Bank, Paris.
170,500.00. Livingston County National Bank,
Pontiac
.'
510,000.00 Citizens' National Bank, Princeton.
1. 959, 000. 00 Farmers'National Bank, Princeton
Third Naitional Bank, Rockford . . .
190,000.00 Manufacturers' National B a n k ,
Rockford

50,000. 00
50,000.00
50,000.00
50, 000.00
50,000. 00
50,000.00

$60,000.00

50,000.00
50.000.00
50,000. 00

Florida.
FirstNational Bank, Apalachicola.
First National Bank, Fernandina..
Florida National Bank, Jacksonville
Fort Dallas National Bank, Miami.
FirstNational Bank,St. Augustine.
Exchange National Bank, Tampa.

Georgia National Bank, Athens
Third National Bank, Atlanta
Fourth National Bank, Atlanta . .
First National Bcank, Bainbridge .
Third National Bank, Columbus.
National Bank of Columbus, Columbus
La Grange National Bank, La
Grange
American National Bank, Macon.
FirstNational Bank,Marietta
National Bank of Savannah, Savannah
First National Bank, Valdosta




To the credit
of the Treasurer of the
United
States.

SPECIAL DEPOSITARIES—continued.

SPECIAL DEPOSITARIES—continued.

First National Bank, Fort Collins..
Grand Valley National Bank,
Grand Junction
Carbonate National Bank, Leadville
Mercantile National Bank, Pueblo.

Title of bank.

100,000.00
100,000. 00
200,000.00
25,000.00
50,000.00
60,000.00
50,000. 00
60,000.00
50,000.00
60,000. 00

50,000.00
60.000.00 .
50; 000.00
47,600.00
50,000.00
50,000. 00
50,000.00
50,000.00
50,000. 00
50,000.00
50,000.00
20,000. 00
50, 000. 00
50,000.00
50,000. 00
50,000.00

Indiana.
50,000.00
50,000.00
50,000.00
15, 000. 00
50,000.00
50,000.00

60,000.00
60,000.00
150,000. 00
50,000.00
50,000.00
50, 000.00
50,000. 00
50,000. 00
50,000.00
50,000. 00
50,000.00

Citizens' National Bank, Bedford..,
First National Bank, Brazil
,
Corydon National Bank, Corydon.,
First National Bank, Crawfordsville
,
Citizens' National Bank, Crawfordsville
,
Elston National Bank, Crawfordsville
,
Citizens' National Bank, Evansville
City National Bank, Evansville ..,
German-American National Bank,
Fort .Wayne
Hamilton National Bank, Fort
Wayne
First National Bank, Frankfort ...
Franklin National Bank, Franklin
Central National B a n k , Greencastle
Third National Bank, Greensburg.
Citizens' National Bank, Greens• burg
,

60,000.00
50,000.00
50,000. 00
50,000. 00
25,000.00
50,000.00
60,000.00
50,000.00

75,000.00
67,000.00 •
50,000.00
50,000.00
50,000.00
16,000.00
50,000.00

205

TREASURER.
No. 5 1 .

- 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, 1906—Continued.

T i t l e of b a n k .

To t h e credit
of t h e T r e a s u r e r of t h e
United
States.

SPECIAL DEPOSITARIES—continued.

T i t l e of b a n k .

To t h e c r e d i t
of t h e T r e a s u r e r of t h e
United
States.

SPECIAL DEPOSITARIES—continued.

J?icZm?ia—Continued.

Jo'M;a—Continued.

Columbia National Bank, Indianapolis
Fletcher National Bank, Indianapolis
Union National Bank, Indianapolis
Citizens' N a t i o n a l B a n k , K o k o m o . .
Howard National Bank, Kokomo..
First National Bank, Lafayette —
City N a t i o n a l B a n k , L a f a y e t t e —
M e r c h a n t s ' N a t i o n a l B a n k , Lafayette
.National Fowler Bank, Lafayette..
Dearborn National Bank, Lawrenceburg
First National Bank, Lebanon
Lebanon National Bahk, Lebanon .
Union County National Bank,
Liberty
.First National Bank, Madison
'
National Branch Bank, Madison...
Delaware County National Bank,
Muncie
Merchants' National Bank, Muncie.
Second National B a n k , N e w
Albany
Merchants' National Bank, New
Albany
N e w A l b a n y N a t i o n a l B a n k , Nevv
Albany
Citizens' National Bank, Peru
Bozeman Waters Natiohal Bank.
Poseyville
People's National Bank, Princeton
First National Bank, R i c h m o n d . . .
First National Bank, Seymour . . .
South Bend National Bank, South
B e n d ..."
NationalBankof Sullivan,Sullivan
Second National Bank, Vincennes.
Farmers a n d Merchants' National
Bank, Wabash
Wabash National Bank, Wabash...

First National Bank, Garner
Grundy County National Bank,
Grundy Center.
Citizens'National Bank, Hampton.
Knoxville National Bank, Knoxville
Marion County National Bank,
Knoxville
F i r s t N a t i o n a l B a n k , M a s o n City . .
City N a t i o n a l B a n k , M a s o n C i t y . . .
First National Bank, M o n t e z u m a . .
First National Bank, M o u n t Pleasa n t . . .•
:
National State B a n k , M o u n t Pleasant
Oskaloosa N a t i o n a l B a n k , Oskaloosa
Iowa National Bank, Ottumwa
O t t u m w a N a t i o n a l B a n k , Ottumwa
First National Bank, Red Oak
Red Oak National Bank, Red Oak.
First National Bank, Rock Valley..
First National Bank, S h e n a n d o a h .
S h e n a n d o a h National Bank, Shenandoah
Io\^a State National Bank, Sioux
City
First National Bank, Waterloo
Black H a w k National
Bank,
Waterloo
C o m m e r c i a l N a t i o n a l B a n k , Waterloo
Leavitt & Johnson National Bank,
Waterloo
First National Bank, Waverly

I n d i a n Territory.
American National Bank, South
Mc Al e s t e r
First National Bank, Tulsa
Iowa.
Citizens' N a t i o n a l B a n k . B e l l e
Plaine
First National Bank, Boone
Boone National Bank, Boone
,
M e r c h a n t s ' National B a n k , Burlington.. ..:
:
,
N a t i o n a l S t a t e B a n k , B u r l i n g t o n .,
Cedar Falls National Bank, Cedar
Falls
:
:
C e d a r R a p i d s N a t i o n a l B a n k , Cedar Rapids
,
Citizens' N a t i o n a l B a n k , C e d a r
Rapids
,
First National Bank, Chariton
Commercial N a t i o n a l
Bank,
C h a r l e s City
N a t i o n a l B a n k of D e c o r a h , D e corah
,
Des M o i n e s N a t i o n a l B a n k , D e s
Moines
First National Bank, Eldora
,
' Fort Dodge National Bank, Fort
Dodge




$16,000.00
112,000.00
25,000.00
60,000.00
50,000.00
50,000.00
50,000.00
• 60,000.00
50.000.00
50,000.00
50,000.00
16,000.00
60,000.00
60,000.00
60,000.00
60,000.00
50,000.00
50.000.00
60,000.00
60,000.00
50,000.00
25.000.00
50,000.00
50,000. 00
60,000.00
15,000. do
50,000.00
60,000.00
60,000.00
60,000.00

50,000.00
50,000.00

60,000.00
50,000.00
50,000. 00
50,000.00
50,000.00
50,000.00
25,000. 00
50,000.00
15,000.00
50,000.00
50,000,. 00
50,000.00
60,000.00
60,000.00

$50,000.00
15,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
15,000.00'
25,000. 00
60,000.00
• 50,000.00
50,000.00
50.000.00
50,000. 00
50,000.00
50,000. 00
50,000. 00
50,000.00
15,000.00
25,000.00
50,000.00
50,000.00
15,000.00.
15,000.00

Kansas.
Abilene National Bank, A b i l e n e . . .
First National Bank, A n t h o n y
E x c h a n g e National Bank, Atchison
People's National Bank, C l a y
Center
Emporia National Bank, Emporia.
F i r s t N a t i o n a l B a n k , F o r t Scott
Galena National Bank, Galena
First National Bank, Great B e n d . .
First National Bank, Horton
First National Bank, H u t c h i n s o n . .
Commercial National Bank.'Inde.pendence
Northrup National Bank, lola
F i r s t N a t i o n a l B a n k , J u n c t i o n City.
Commercial National Bank, Kansas City
First National Bank, K i n g m a n . . .
Manufacturers' National B a n k ,
Leavenworth
FirstNational Bank, Manhattan..
First National Bank, Marysville...
F i r s t N a t i o n a l Bank", O t t a w a
People's National Bank, Ottawa..,
FirstNational Bank, Pittsburg
Farmers' National Bank, Salina
N a t i o n a l B a n k of A m e r i c a , S a l i n a .
Central National Bank, T o p e k a . .
National B a n k of Commerce,
Wichita
,
National Bankof Wichita, Wichita
F i r s t N a t i o n a l B a n k , Winfield
Winfield N a t i o n a l B a n k , Winfield.

16,000.00
60,000.00
50,000.00
50,000.00
50,000.00
50, 000. 00
50,000.00
50,000.00
50,000.00
55,000. 00
50,000.00
50,000.00
50,000.00
50,000.00
60,000.00
60,000.00
50,000. 00
60,000.00
50,000.00
15,000.00
50,000.00
60,000. 00
50,000.00
25,000.00
60,000.00
50,000.00
50,000.00
15,000.00

206

:REPORT ON T H E FINANCES.

N o . 5 1 . — 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, 1906—Continued.

T i t l e of b a n k .

To the credit
of the Treasurer of the
United
States.

SPECIAL DEPOSITARIES—continued.

SPECIAL DEPOSITARIES—continued.

Kentucky.
Second National Bank, Ashland...
Ashland National Bank, Ashland...
Bowling Green Naiional Bank,
Bowling Green
Morgan County National Bank,
Cannel City
Catlettsburg National Bank, Catlettsburg
,
Hardin National Bank, Elizabethtown
Trigg National Bank, Glasgow
Henderson National Bank, Henderson
Farmers' National Bank, Hodgenville
FirstNational Bank, Hopkinsville,
First National Bank. Lexington..,
Second National Bank. Lexington
Fayette National Bank, Lexington
Louisa National Bank, Louisa
Westerii NationalBank, Louisville
First National Bank, Maysville...
Montgomery National Bank, Mt.
Sterling
Paintsville National Bank, Paintsville
First National Bank, Paris.
Farmers' National Bank, Princeton
First National Bank, Sebree
First National Bank, Somerset

Maryland—Continued.
$60,000.00
50,000.00
60,000.00
50,000.00
50,000.00
60,000.00
50,000.00
. 50,000.00
26,000.00
60,000.00
50,000.00
60.000. 00
40,000.00
50,000.00
'50,000.00
50,000.00
50,000.00
60,000. 00
50.000.00
60,000.00
50,000. 00
50,000.00

Louisiana.
First National Bank, Crowley
First National Bank, Lake Charles
Calcasieu National Bank, Lake
Charles
«
Lake Charles National Bank, Lake
Charles
Nevv Iberia National Bank, New
Iberia'.
German Americaii National Bank,
New Orleans
Merchants' National Bank, New
Orleans . . . :
State National Bank, New Orleans
First National Bank, Shreveport..

50,000.00
50,000.00
50,000.00
50,000.00
60,000.00
150,000.00
33,000.00
50,000.00
50,000.00

Maine.
First National Bank, Augusta
Bath National Bank, Bath
Northern National Bank, Hallowell
Canal National Bank, Portland
Chapman National Bank,Portland
Ticonic National Bank, Waterville

60,000.00
50,000,00
60,000.00
50,000.00
100,000.00
50,000. 00

Maryland.
First National Bank. Baltimore
Third National Bank, Baltimore..
Citizens' National Bank, Baltimore
Commercial and Farmers' National Bank, Baltimore
Drovers' and Mechanics' National
Bank, Baltimore
National Bank of Baltimore. Baltimore
National Bank of Commerce, Baltimore
National Marine Bank, Baltimore.
National Union Bank of Maryland,

Baltimore ......................«<




Title of bank.

236,000.00
137,000.00
315,000.00
150,000.00
100,000. 00
60,000.00

84,000.00
50,000.00
25,000.00

Old Town National Bank. Baltimore
First National Bank, Catonsville ..
Easton National Bank of Maryland, Easton
Farmers' and Mechanics' National Bank, Frederick
,
First Natidnal Bank, Frostburg
First National Bank, St, Mary's,
Leonardtown
First Nationaal Bank, Lona'coning,
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
Atlantic National Banlc, Boston...
Eliot National Bank, Boston
,
National Bank of the Republic,
Boston
People's National Bank of Roxbury, Boston
,
South End National Bank, Boston
State National Baink, Boston
Winthrop National Bank, Boston.
First National .Bank, Fall River..
Massasoit-Pocasset National Bank,
Fall River
Fitchburg National Bank, Fitchburg
Safety Fund National Bank, Fitchburg
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
North Adams 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
Shelburne Falls National Bank,
Shelburne Falls
Spencer National Bank, Spencer.
Chapin National Bank, Springfield,
Springfield National Bank, Springfield
,
Marthas Vineyard National Bank

of Tisbury, Vineyard Haven ...,

To the credit
of the Treasurer of the
United
States.

207

TREASURER.

N o , 5 1 . — 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, 1906—Continued.

Title of bank.

To the credit
of the Treasurer of the
United
States.

Massachusetts—Continued.

Michiga7i.
First National Bank, Allegan .
First National Bank, Calumet
..
Merchants' National Bank, Charlotte
,.
Grand Rapids National Bank,
Grand Rapids
Houghton National Bank, Houghton
First National Bank. Iron Mountain
City National Bank, Lansing
Hackley National Bank. Muskegon
First National Bank, Petoskey
First National Exchange Bank,
Port Huron
Commercial National Bank, Saginaw
First National Bank, Sault Ste.
Marie
First National Bank, Traverse
City
Union City National Bank. Union
City

Missouri.
$50,000.00. Clinton National Bank, Clinton..
Hannibal National Bank, Hanni50,000.00
bal
Joplin National Bank, Joplin
126,000.00 New England National Bank,
Kansas City
50,000.00 Citizens' National Bank, Kirksville]
National Bank of Kirksville, Kirksville
First National Bank, Neosho
50,000.00 Burnes National Bank, St. Joseph .
50,000.00 Tootle-Lemon National Bank, St.
Joseph
15,000.00 Third National Bank, St. Louis
Fourth National Bank, St. Louis . .
50,000.00 Mechanics'-American N a t i o n a l
Bank, St. Louis
50,000.00 Third National Bank, Sedalia .
Citizens' National Bank, Sedalia..
50,000.00 National Exchange Bank, Spring50,000.00
field
Union National Bank, Springfield .
50,000.00 Trenton National Bank, Trenton..
50,000.00 First National Bank, Versailles
People's National Bank, Warrens65,000.00
burg
First National Bank. Wellston
16,000.00
Nebraska.

First National Bank. Gulfport.....
First National Bank. Hattiesburg..
National Bankof Commerce. Hattiesburg
First National Bank. Laurel
First National Bank, Meridian
Citizens' NationalBank, Meridian.
First National Bank, Yazoo City...




$50,000.00
60,000.00
50,000.00
65,000.00
50,000.00
15,000.00
50,000.00
50,000.00
15,000.00
135,000.00
55,000.00
200,000.00
50.000.00
50,000.00
50', 000. 00
50,000.00
50,000.00
50,000.00
50,-000.00
47,600.00

60,000.00

50,000.00
50,000.00

Minnesota.
First National Bank, Albert L e a . . .
First National Bank, Austin
First National Bank, Benson
First National Bank, Crookston . . .
First National Bank, Detroit
Merchants' National Bank, Detroit
City National Bank, Duluth
Citizens' National Bank, Mankato.
NorthwesternNationalBank, Min. neapolis
Northfield National Bank, Northfield
First National Bank, Owatonna...
National Farmers' Bank, Owatonna
Capital National Bank. St. P a u l . . .
Merchants' National Bank, St.
Paul
St. Paul National Bank, St. P a u l . . .
First National Bank. Spring Valley
First National Bank, Stillwater
First National Bank, Winona
Second National Bank, Winona . . .

To the credit
of the Treasurer of the
United
States.

SPECIAL DEPOSITARIES—continued

SPECIAL DEPOSITARIES—continued.

First National Bank, Westboro
First National Bank, West Newton
.'
Mechanics' National Bank, Worcester
.'
Merchants'NationalBank. Worcester

Title of bank.

50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
60,000.00
60,000.00
50,000.00
95,000.00
50,000.00
25,000.00
50,000.00'
100,000.00
90,000.00
60,000.00
50,000.00
50,000.00
45,000.00
60,000.00

60,000.00
60,000.00

60,000.00
60,000.00
60,000.00
60,000.00
50,000.00

National Bank of Ashland. Ashland
First National Bank, Beatrice
First National Bank. Crete
Farmers and Merchants' National
Bank, Fremont
Fremont National Bank. F r e m o n t .
First National Bank, Hastings
City National Bank, Lincoln
National Bank of Commerce, Lincoln
Nebraska City National Bank, Nebraska City
First National Bank, Nelson
First National Bank, North.Platte.
South Omaha National Bank,
South Omaha
Citizens' National Bank, Tecumseh.
First National Bank, York
City National Bank, York

50,000. 00
50,000.00
50.000.00
50,000.00
40,000. 00 .
50,000.00
50,000.00
50,000.00
50,000.00
25,000,00
• 50,000.00
25,000. 00
15,000. 00
50,000.00
50,000.00

New Hampshire.
Claremont National Bank, Claremont
Peoples' National Bank, Claremont. ..".
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.

50,000. 00
50, 000.00
50,000.00
15,000.00
50.000.00
50,000.00
50,000.00
50,000.00
15,000.00
50, 000.00
50.000. 00
50,000.00

208

REPORT ON T H E FINANCES.

N o . 5 1 . — 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, 1906—Continued.

Title of bank.

To the credit
of the Treasurer of the
United

Title of bank.

States.

SPECIAL DEPOSITARIES—continued.

SPECIAL DEPOSITARIES—continued.
New Hampshire—Continued.
Second National Bank, Nashua
First National Bank, Somersworth.
Somersworth National Bank, Somersworth
:

^
$85,000.00
26,000.00
50,000.00

New Jersey.
Second National Bank, Hoboken..
Second National Bank, Jersey City.
First National Bank, Manasquan..
Farmers' National Bank of New
Jersey. Mount Holly
First National Bank, Princeton
First National Bank, Seabright.,..
Swedesboro N a t i o n a l B a n k ,
Swedesboro
Vineland National Bank, Vineland
New Mexico.
American National Bank, Silver
City
New York.

15,000.00
50,000. 00
50,000.00
50,000.00
60,000.00
16,000.00
50,000.00
50,000.00

New ForJfc—Continued.

New York County National Bank,
New York
New York National Exchange
Bank, New York
,
Phenix National Bank, New York
State National Bank, North Tonawanda
Chenango NationalBank, Norwich
National Bank of Norwich^ Norwich
Exchange National Bank, Olean .
Ossining National Bank, Ossining
National Bank oi: Commerce,
Rochester
,
Citizens' National Bank, Saratoga
Springs
Commercial National Bank, Syracuse
Merchants' National Bank, Syracuse
,
First National Bank, Ticonderoga
First National Bank, Tonawaiida.
Union National Bank, Troy
First National Bank, Utica
Oneida National Bank, Utica
Utica City National Bank, Utica..
First National Bank, Waverly

First National Bank, Addison
50.000.00
First National Bank, Batavia
50,000.00
First National Bank, Brookljai
North Carolina.
100,000.00
Central National Bank, Buffalo
100,000.00
Columbia National Bank, Buffalo..
185,000. 00 Charlotte National Bank, Charr
lotte
National Bank of Cohoes, Cohoes..
50,000.00
First National Bank, Elizabeth
Lake Shore National Bank..DunCity
kirk
•
50,000. 00
Merchants' National Bank, DunNational Bank of Fayetteville,
kirk
Fayetteville
100, 000. 00
Merchants' National Bank, Elmira.
40. 000.00 First National Bank, High Point .
First National Bank, Glens Falls . .
60, 000.00 First National Bank, Weldon
National Bank of Glens Falls, Glens
Atlantic National Bank, WilmingFalls
ton
60. 000.00
Herkimer National Bank, HerMurchison National Bank, Wilkimer
mington
76, 000. 00
People's National Bank. Hoosick
Southern National Bank, WilmingFalls
:
ton
50, 000.00
First NationalBank, Hornellsville.
50, 000.00
North Dakota.,
Ilion National Bank, Ilion
000.00
National Herkimer County Bank, , 50,
First National Bank,Bottineau...
Little Falls
000.00
Fargo National Bank, Fargo
Black River National Bank, Low100,
ville
000. 00 Merchants' National Bank, Fargo
First National Bank. Mount Ver50,
non
Ohio.
000.00
National City Bank, New Rochelle.
60, 000.00
First National Bank, New Y o r k . . .
000.00 Second National Bank, Akron
75,
,
• Fourth National Bank, New York. 3,196, 000.00 National City Bank, Akron
First National Bank,
Fifth National Bank, New York,
1,220, 000.00 National Bank of Barnesville.,
Barnesville,
000.00
Astor National Bank, New York...
50,
Barnesville
,
Bankof New York Natiohal Bank- ' 130,
and Merchants' National
ing Association, New York
•
865, 000.00 Farmers Bellaire
Bank,
Chase National Bank, New York . . 2,360, 000.00
Bridgeport National Bank, BridgeCoal a n d i r o n National Bank, New
port
,
York
100,000. 00
Farmers' National Bank, Bryan..,
Consolidated National Bank. New
170, 000.00 Central National Bank, Cambridge
York.:....
,
Lincoln National Bank, New York.
155, 000.00 First National Bank, Canton
German NationalBank, Cincinnati,
Mercantile National Bank, New
York
370, 000.00 Market National Bank, Cincinnati
Merchants' National Bank, CinMerchants' National Bank, New
cinnati
:
York.,
400, 000.00
Second National Bank, Circleville,
National Bank of North America,
300, 000.00 Central National Bank, Cleveland,
New York
:
National Park Bank, New York...
926, 000.00 .Union National Bank, Cleveland..




To the credit
of the Treasurer of the
United
States.

$50,000.00
60,000.00
300,000.00

60,000.00
50,000.00
50,000.00
50,000.00
60,000.00
100,000.00
50,000.00
100,000.00
50,000. 00
50,000.00
50,000.00
150,000.00
60,000.00
36,000.00
50.000.00
50,000. 00

60,000.00
60,000.00

50,000.00
50,000.00
50,000.00
40,000.00
50,000.00
50,000.00

25,000.00
50,000. 00
50,000.00

50.000.00
60; 000.00
55,000.00
70,000. 00
50,000. 00
60,000.00
50,000.00
60,000.00
60,000.00
60,000.00
100,000.00
100,000.00
25,000.00
50,000.00
180,000.00

209

TREASURER.

No.

5 1 . — 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, 1906—Continued.

Title of bank.

To the credit
of the Treasurer of the
United
States.

SPECIAL DEPOSITARIES—cohtinued.

Pennsylvania—Con tinued.
$50.000.00
50,000.00

50,000.00
50.000.00
50,000.00
50,000.00
100,000.00
50,000.00
75,000.00
60,000.00
60,000.00
50,000.00
60,000.00
50,000.00
50.000,00
50,000.00
50,000.00
50,000.00
100,000.00
15,000.00
50.000.00
50,000.00
50,000.00
50,000.00
43,000.00
. 50,000.00
50,000.00
50,000.00
60,000.00
60,000.00
100,000.00
60,000. 00
60,000.00
50,000.00
50,000. 00
75,000.00
90,000.00
90,000.00

Oklahoma.
First National Bank, Enid
Enid National Bank, Enid
City National Bank, Lawton
Arkansas Valley National Bank,
Pawnee

60,000.00
50,000. 00
50,000.00
50,000.00

Oregon.
First National Bank, Baker City...
Citizens' National Bank, Baker City
First National Bank, Eugene
First National Bank, Pendleton. . .

50,000.00
60,000.00
50,000.00
100,000.00

Pennsylvania.
Gemian National Bank, Allegheny.
Second National Bank, Allentown

no, 000.00
50,000.00




To the credit
of the Treasurer of the
' United
States.

SPECIAL DEPOSITARIES—continued.

O/iio—Continued.
City National Bank, Columbus
Commercial National Bank, Columbus
.•
New First National Bank, Co.lumbus
Commercial National Bank. Coshocton
First National Bank. Defiance
Delaware National Bank, Delaware
Citizens' National Bank. East
Liverpool
Potters' National Bank, East Liverpool
Eaton National Bank, Eaton
American National Bank, Findlay.
First National Bank, Ironton
Second 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, Napoleon
Citizens' National Bank, New Lexington
First National Bank, Niles
Piqua National Bank, Piqua.
. QuakerCityNational Bank,Quaker
Cit.y
Second National Bank, R a v e n n a . .
FirstNational Bank, St. Clairsville.
First National Exchange Bank,
Sidney
First National Bank, Springfield...
Mad River National Bank, Springfield
National Exchange Bank, Steubenville
Commercial National Bank, Tiffin.
Tiffin National Bank, Tiffin
Merchants' National Bank, Toledo.
Northern National Bank, Toledo . .
Westerii Reserve National Bank,
Warren
People'sNational Bank, Wellsville.
First National Bank, WTilmington .
First National Bank, Woodsfield . .
First National Bank, Youngstown..
First National Bank, Zanesville . . .
Old Citizens' N a t i o n a l Bank,
Zanesville

Title of bank.

Ashland National Bank, Ashland.
Athens National Bank, Athens
First National Bank, Blairsville..
Miners' National Bank, Blossburg
Fir.st National Bank, Bradford
Jefferson County National Bank,
Brookville
Second National Bank, Brownsville
First National Bank, Canton
National Bank of Catasauqua, Catasauqua
,
Valley National Bank, Chambers• burg
\
,
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, Coudersport
First National Bank, Donora
,
FirstNational Bank, East Brady.
People's National B a n k , E a s t
Brady
,
First National Bank, Ebensburg..,
Elizabeth town National B a n k ,
Elizabeth town
,
Emaus National Bank, Emaus
First National Bank, Emlenton ..,
First National Bank, Emporium..
First National Bank, Franklin
National Bank of Girard, Girard..
First National Bank, Greenyille..
First National Bank, Hanover
Harrisburg National Bank. Harrisburg
,
First National Bank. Hollidaysburg
First National Bank, Huntingdon
Union National Bank,Huntingdon
National Bank of Jersey Shore,
Jersey Shore
First National Bank, Johnstown..
Citizens' National Bank, Johnstown
,
Farmers' National Bank, Kittanning
;..,
Northern National Bank, Lancaster
First National Bank. Lansford.. .^
Citizens' National Bank, Lansford
Lebanon National Bank, Lebanon
People's National Bank, Lebanon.
Farmers' National Bank. Lititz...
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
UnionNational Bank, McKeesport

$50,000.00
26,000.00
50,000.00
60,000.00
• 60,000.00

50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
70,000.00
50,000.00
50,000.00
50,000.00
20,000.00
50,000.00
50,000.00
60,090.00
60,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
60,000.00
60,000.00
60,000.00
50,000.00
50,000.00
16,000.00
. 50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
35.000.00
50,000.00
50,000.00
50,000.00
15,000.00
50,000.00
50,000.00
15,000. 00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00

210
No.

REPORT ON T H E FINANCES.
5 1 . — 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, 1906—Continued.

T i t l e of b a n k .

To t h e credit
of t h e T r e a s u r e r of t h e
United
States.

SPECIAL DEPOSITARIES—continued.

T i t l e of b a n k .

To t h e credit
of t h e T r e a s u r e r of t h e
United

States.

SPECIAL DEPOSITARIES—continued.

Pennsylvania—Continued.

Ehode Island.

F i r s t N a t i o n a l B a n k , M o u n t Carmel
*
First National Bank, Mount Joy ..
Nanticoke National Bank. Nanticoke
First National Bank. Newcastle . . .
Citizens' N a t i o n a l B a n k , N e w castle
First National Bank, Oakdale
N a t i o n a l B a n k of Oxford, O x f o r d . .
First National Bank, Perkasie
Eighth National Bank. Philadelphia
Farmers a n d Mechanics' National
Bank. Philadelphia
F o u r t h Street National Bank,
Philadelphia
Girard National Bank, Philadelphia
,
N a t i o n a l B a n k of G e r m a n t o w n ,
Philadelphia
:
,
Northwestern National
Bank,
Philadelphia
Southwark National Bank, Philadelphia
Tradesmen's National Bank, Philadelphia
Union National Bank, Philadelphia
First National Bank, Pittsburg
B a n k of P i t t s b u i g , N a t i o n a l Association, Pittsburg
Federal National Bank, Pittsburg..
German National Bank, Pittsburg.
K e y s t o n e N a t i o n a l B a n k , Pittsburg
People's National Bank, Pittsbiirg..
U n i o n N a t i o n a l B a n k , P i t t s b u r g .,
W a s h i n g t o n National B a n k , Pittsburg
N a t i o n a l B a n k o f P o t t s t o w n , Pottstown
,
Merchants'
National
Bank,
Quakertown
,
Reading National Bank, Reading ,
First National Bank, Rimersburg..
N a t i o n a l B a n k of Sayre, S a y r e
Peoples' National B a n k , Scranton,
Traders' National Bank, Scranton.
Sellersville N a t i o n a l B a n k , Sellersville
F i r s t N a t i o n a l B a n k of S p r i n g
Grove, S p r i n g F o r g e
N a t i o n a l B a n k of S l a t i n g t o n , Slatington
,
Stroudsburg N a t i o n a l B a n k ,
Stroudsburg.'
First National Bank, Sunbury
First National Bank, T a m a q u a
Grange National Bank, I'ioga
First National Bank, Troy
,
First National Bank, Tyrone
,
Farmers' a n d Merchants' National
Bank, Tyrone..
,
F i r s t N a t i o n a l - B a n k , W^ellsboro
First National Bank, Westchester..
S e c o n d N a t i o n a l B a n k , Wilkesbarre
West B r a n c h N a t i o n a l B a n k , Williamsport
'..
Windber National Bank, Windber
Western National Bank, York
York National Bank, York

Atlantic National Bank, Providence
Mechanics' National Bank, Providence
Natioiial E x c h a n g e B a n k , Providence
United National Bank, Providence.




$60,000.00
50,000.00
60,000.00
50,000.00
50,000.00
60,0w0.00
60,000.00
26,000.00
50,000.00
136,000.00
325,000.00

$50,000.00
100,000.00
20,000.00
150,000.00

South Carolina.
People's National Bank, Charleston
City N a t i o n a l B a n k , G r e e n v i l l e . .
N a t i o n a l B a n k of G r e e n v i l l e ,
Greenville
FirstNational Bank, Greenwood..
Central National Bank, Spartanburg

26,000.00
15,000.00
15,000.00
50,000.00
50,000.00

65,000.00
South Dakota.
50,000.00
50,000.00
200,000.00

First National Bank, Madison
Sioux Falls National Bank. Sioux
Falls
Yankton National Bank, Yankton.

16,000.00
50,000.00
75.000.00

200,000. CO
45,000.00
70,000.00
70,000.00
100,000.00
60,000.00
350,000.00
200,000.00
n o , 000.00
100.000.00
'50,000.00
60.000.00
60,000.00
60.000.00
50.000.00
450,000.00
50.000.00
50.000.00
50,000.00
50,000.00
40.000.00
15,000.00
50,000.00
25,000.00
50,000.00
60,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
35,000. 00

Hamilton National Bank, Chatta•iiooga
F i r s t N a t i o n a l B a n k , C l a r k s v i l l e ..
C l a r k s v i l l e N a t i o n a l B a n k , Clarksville
First National Bank, D y e r s b u r g . .
City N a t i o n a l B a n k , J o h n s o n C i t y . ,
City N a t i o n a l B a n k , K n o x v i l l e . . . ,
Mechanics' National Bank, Knoxville
,
State National Bank, Memphis
Texas.
Farmers and Merchants' National
Bank, Abilene
•
Amarillo National Bank, Amarillo
First National Bank, B e a u m o n t . .
American National Bank, Beaumont
Merchants'
National
Bank,
Brownsville
,
First National Bank, Bryan
,
City N a t i o n a l B a n k , B r y a n :
State National Bank, Denison
American National Bank, Fort
Worth
:
,
State National Bank, Fort Worth.,
Commercial National Bank, Houston
Merchants' National Bank, Houston
Laredo National Bank, Laredo
First National Bank, Paris
City N a t i o n a l B a n k , P a r i s
First National Bank, San Angelo.
First National Bank, San Antonio,
City N a t i o n a l B a n k , S a n A n t o n i o .
Lockwood National Bank, San
Antonio
T e x a r k a n a N a t i o n a l ;Bank. T e x arkana
,
Citizens' N a t i o n a l B a n k , T y l e r . . .
Jester National Bank, Tyler
First National Bank, V i c t o r i a . . . . .
F i r s t N a t i o n a l B a n k , W^ichita F a l l s

150,000.00
50.000.00
50,000.00
60,000.00
16,000.00
26,000.00
16,000.00
60,000.00

50,000.00
50,000.00
60,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50.000.00
50,000.00
50,000.00
50,000.00
60,000.00
60,000.00
60,000.00
100,000.00
15,000. 00
16,000.00
60,000.00
50,000.00
50,000.00
50,000.00
50,000.00

211

TEEASUEEE.

N o . 5 1 . — 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, 1906—Continued.

Title of bank.

To the credit
of the Treasurer of the
United
States.

SPECIAL DEPOSITARIES—continued.

.
^
]
;
\
\

Washington—Continued.
$65,000.00
50,000.00

Flat Top National Bank, Bluefield.
Charleston National Bank,Charleston
Merchants' National Bank of West
Virginia, Clarksburg
First National Bank, Fairmont
First National Bank, Huntington..
Huntington National Bank, Huntington
First National Bank, New Martinsville
First National Bank, Piedmont
First National Bank, Sistersville...
Farmers and Producers' National
Bank, Sistersville

. $50,000.00
50,000.00
55,000.00

West Virginia.

50,000.00
60,000.00
50,000. 00
50,000.00
50,000. 00
60,000. 00
50,000.00

50,000.00

170,000.00
50, 000.00
50,000.00
50,000.00

50,000. 00
50,000.00
50,000.00
50,000.00
50,000.00

Wisconsin.
50,000.00
22,000.00
50, 000.00
15,000.00
50,000. 00
50,000.00
25,000.00
50,000. 00
15,000.00
50,000. 00
50,000. 00
50,000.00
50,000. 00
660,000. 00
230,000.00
90,000. 00
50,000.00
60,000.00
15,000.00
50,000.00
50,000. 00
74,000.00

Washington.
First National Bank, Bellingham
First National Bank, Everett

American National Bank, Everett.
Capital National Bank, Olympia...
Traders' National Bank, Spokane..

35,000.00

Virginia.
Alexandria National Bank, Alexandria
Citizens' National Bank, Alexandria '.
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 ;6ank, Newport
N ews
Newport News National Bank,
Newport News
,
First National Bank, Norton . . . . . .
First National Bank, Pearisburg..,
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
"...
Shenandoah National Bank, Winchester

To the credit
of the Treasurer of the
United
States.

SPECIAL DEPOSITARIES—continued.

Vermont.
National Bank of Barre, Barre
People's National Bank, Brattleboro
Vermont Nationail Bank, Brattleboro
•
Lyndonville National Bank, Lyndonville
Montpelier National Bank, Montpelier
Killington jSTational Bank, Rutland
First National Bank, St. Johnsburj''
National Bank of Newbury, Wells
River
National Bank of White River
Junction, White River Junction..
Woodstock National Bank, Woodstock

Title Of bank.

50,000.00
50,000.00

First 'National Bank, Antigo
Citizens' National Bank, Appleton.
Lumbermen's National Bank,
Chippewa Falls
National Bankof De Pere, De Pere.
First National Bank, Dodgeville . .
Eau Claire National Bank, Eau
Claire
Fond du Lac National Bank, Fond
du Lac
Citizens' National Bank, Green
Bay
Rock CountyNational Bank, Janesville
National Bankof ManitOAVoc.Manitowoc
National Bank of Merrill, Merrill..
Marine National Bank, Milwaukee.
Milwaukee National Bank, Mil
waukee
Citizens' National Bank, Oconto...
National Union Bank, Oshkosh.
First National Bank, Stevens Point.
First National Bank of the.City of
Superior; Superior
'...
National German-American Bank,
Wausau

60,000.00
50,000.00
50,000.00
50,000.00
50,000. 00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
. 35,000. 00
50,000.00
15,000.00
50,000.00
16,000. 00

.36,000.00
25,000.00

Wyoming.
First National Bank, Cody
Shoshone National Bank, Cody . .
First National Bank, Laramie
Sheridan National Bank, Sheridan.
Total.......

50,000.00
50,000.00
60,000.00

58,383,700.00

RECAPITULATION.
Regular depositaries
Special depositaries
Aggregate




'".

$77,278,656.05
58,383,700.00
135, '662,356.05

212

REPORT ON T H E EINANCES.

N o . 5 2 . — N U M B E R OP NATIONAL BANKS WITH SEMIANNUAL DUTY PAID,, BY FISCAL
YEARS, AND NUMBER OP DEPOSITARIES WITH BONDS AS SECURITY AT CLOSE OF
EACH F I S C A L

YEAR.

Number Bonds held
s
N u m b e r tB o n d u rheld'
S
ian a
o s e c e cir- d u teymc o l ln u t eld . of deposi- to s e c u r e
ec
of b a n k s .
deposits.
culation.
taries.

Fiscal year.

1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905 . ]906

.
---..

3,767 $207,680,800
228,915,950
3,737
230,471.650
3,616
220,201,400
3,634
229,688, n o
3,699
284,378,040
3,822
326,119,230
4,187
317,038,530
4,663
375,068,770
5,014
5,409 . 416,016,690
468,066,940
5,782
520,605,210
6,138

$1,704,007.69
1.851,676.03
2,020,703.65
1,901,817.71
1,991,743.31
1,881,922.73
1,599,221.08
1.633,309.15
1,708,819.92
1,928,827.49
2,163,882.05
2,509,997.80

160
160
168
172
357
442
448
577
713
842
'837
927

$15,278,000
16,928,000
16,.930,600
30,861,500
78,564,540
107,253,680
105,765,450
124,718,650
162,852,020
112,902,550
80,404,950
95,575,725

Total bonds
held.
$222,968.800
246,843,960
247,402,050
251,062,900
308,252,650
391,631,620
431,884,680
441,757,180
527,920,790
528,919,240
648,471,890
616,180,935

No.
5 3 . — A V E R A G E AMOUNT OF NATIONAL-BANK NOTES IN CIRCULATION, AND
AMOUNT OF DUTY P A I D THEREON FOR THE FISCAL Y E A R ENDED J U N E 30, 1906, BYNATIONAL BANKS IN EACH STATE AND TERRITORY.
Average
a m o u n t of
n o t e s i n circulation.
Maine
New Hampshire
Vermont
Massachusetts
Rhodelsland
Connecticut

—

Total, New
E n g l a n d
States •
New York
New Jersey
Pennsylvania
Delaware
Maryland
D i s t r i c t of C o l u m b i a .
Total, Eastern
States
Virginia
West V i r g i n i a
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
.Arkansas
Kentucky
Tennessee
Porto Rico
Total, S o u t h ern States...




Duty paid
on circulation.

$5,776,612.00
•4,666,838.00
4,606,272.00
27,951,595.00
4,218,305.00
11,874,360.00

$29,850.20
26,079.13
23,630.62
149,480.48
21,214.16
57,934.58

58,493, 982.00

308,189.17

78,016,822.00
10,407,086.00
68,438,205.00
1,237,421.00
9,279,272.00
3,717,144.00

400,204.46
52,597.27
358,830.73
6,606. 93
48,700.53
18,606.77

171,095, 950.00

885,646.69

6,981, 563.00
6,320, 027.00
3,251, 022.00
2,164, 227. 00
4,513, 777. 00
1,894, 624.00
4,743, 774.00
1,824, 756.00
2,700, 489.00
17,444, 218.00
972, 959.00
12,252, 247.00
5,727 617.00
60, 000.00

38,342.24
27,208.98
16,869.38
10,821.14
22,568.91
. 9,608.12
23,749.78
9,143.67
13,502:47
87,727.18
4,938.79
62,356.66
28,767.00
300: 00

69,851,300.00

Average
Duty paid
a m o u n t of
i c
n o t e s i n circu- o n tc orn .u l a i
lation.
Ohio
Indiana
Illinois
:.
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Total, Middle
States

$33,442,458.00 $178,017.48
14,947,859.00
78,966.64
24,622,879. 00 123,761. 24
7,530,146.00
37,931.55
8,020, 476. 00 40,904. 23
8,989, 765.00
46,092. 94
12,508,901.00
62,779.78
20,713,544.00
106,438. 32
130,676,027.00

672,892.18

North Dakota
South Dakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
:. .^.
I n d i a n Territory ...
Total, Western
States

1,619,056.00
1,549,023.00
6,173,968.00
• 7,559,987. 00
1,278, 342. 00
692,291.00
•5,419, 012. 00
935,107.00
2,104,697.00
3,082,406. 00

8,095. 40
7,745.16
31,178.01
37,964.92
6,524.18
3,101. 51
27,446.61
4,675.57
10,586.03
15,412.13

30,-313,889.00

152,729.52

Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii

2,075,50L00
1,997,301.00
19,438,673.00
615,561.00
1,613, 819. 00
265. 949. 00
482;203.00
50,242.00
249,148. 00

10,626.48
10,046.90
97,621.58
3,114. 36
8,069. 08
1,329.76
2,411.02
251.21
1, 245. 74

,

T o t a l , Paciiic
States
Total, United
States

26, 788,397.00
487,219,545.00 2,509,977. i

213

TKEASUEEB.
No.

5 4 . — R E C E I P T S A N D DISBURSEMENTS OF PUBLIC M O N E Y S THRU
D E P O S I T A R I E S , B Y F I S C A I . Y E A R S F R O M 1895.

Funds transWarrants paid by
Funds transferred to b a n k s . ferred to Treasury
banks.
by banks.

.Fiscal y e a r .

Receipts.

1895
189'6
.
1897
1898
1899
1900
. --.
1901
1902
1903
1904
1905
1906...

$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
261,970,862. 61
261,265,327.39
267,418,788.43

No.

NATIONAL-BANK

56,—SEVEN-THIRTY

$187,592,611.38
205,465,259.58
179,269,503.12
245,636,845.31
448,437,283.16
426,260,383;24
413,853,457.60
388,229,463.27
388,639,946.66
414,301,176. 71
368,889,786.82
427,142,930.07

$41,892,885.26
46,867,861.23
50,059,766.00
82,971,223.08
226,173,117.13
166,289,607.85
125,443,007.56
157,041,571.84201,897,430.60
176,189,611.66
134,884,137.86
233,200,148.62

NOTES

ISSUED, R E D E E M E D ,
1906.

Redeemed to
Total issued. June 30,1906.

Issue.

$23,186,071.15
22,671,550.77
19,350,217.64
22,830,964.62
24,660,430.04
22,606,836.39
24,141,398.97
. 26,347,319.10
36,446,660.08
49,400,676.71
56.905,851.58
57,648,415.23

Balance.

$11,193.267.18
11,630,235.80
12,376,919.43
34,058,462.19
70,510.088.32
92,836,133.10
93,657,444.47
117,356,326.61
140,216,778.08
104,674,399.83
66,018.227.68
80,945,819.43

A N D OUTSTANDING

Redeemed
during
year.

Total
redeemed.

JUNE

30,

Outstanding.

July 17.1861 . .
August 16,1864
J u n e 15,1865..
July 15,1866 . .

$140,094,760
299,992,600
331,000,000
199,000,000

$140,086,350
299,946,850
330,969,650
198,964,700

$150
60
60

$140,085,360
299,947,000
330,969,700
198,954,750

$9,400
45,500
30.300
45,260

Total . . .

970,087,260

969,956,550

250

969,956,800

130,450

No.

5 6 o - ^ C o u P O N S FROM U N I T E D S T A T E S B O N D S A N D I N T E R E S T N O T E S P A I D
THE F I S C A L Y E A R 1906, 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.

F i v e - t w e n t i e s of 1862
T e n - f o r t i e s of 1864
Consols of 1865
Consols of 1867
F u n d e d l o a n of 1891
L o a n of 1904.
F u n d e d l o a n of 1907

N o . 5 7 . - -CHECKS

6
-1
8
2
8
366
340,631

Amount.

$67.50
2.50
21.00
3.00
46.00
3,236.59
1,650,944.00

T i t l e of l o a n .

L o a n of 1926
L o a n of 1908-1918
Consols of 1930
7.30 n o t e s of 1864-65
Total

Number
of
coupons.

DURING

Amount.

121.000
424.826
38,699
1

$1,054,833.50
1,001,424.75
164,202.60
1 82

925,646

3,774,781.16

I S S U E D F 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
Y E A R 1906.

Title of loan.
Funded loan of 1907
Loan of 1925
:
Loan of 1908-1918
Consols of 1930
Spanish indemnity certificates
Philippine loan of 1914-1934
Philippine loan of 1915-1936 public improvement bonds —
Philippine loan of 1916-1935 Mcnila sewer and water bonds
Philippine loan of 1916-1936 public improvement bonds —
District of Columbia 3.65 per cent bonds
Total
PI. D O C . 9, 5 9 - 2




Number.
63,342
16,606
79,152
36.251
108
1.481
318
130
10

$3,980,839.00
3,723,242.00
1.139.277.75
11,224,365.26
28,600.00
280,000.00
100,000.00
40,000.00
10,000.00
407,248.76
20,933,462. 75

214
No.

BEPORT ON

THE

FINANCES.

5 S . — I N T E R E S T O N 3.65 P E R CENT B O N D S O F T H E D I S T R I C T O F C O L U M B I A
D U R I N G THE F I S C A L Y E A R 1906.

Where paid.

Coupons.
$3,701.10
19.009.20

Treasury United States, Washington .
Subtreasury TJnited States, New York

Checks.
$14,983.25
392,940.75

PAID

Total.
$18,684.35
411,949.95

Total

N o . 5 9 . — R E F U N D I N G C E R T I F I C A T E S I S S U E D U N D E R T H E A C T O P F E B R U A R Y 26,
C O N V E R T E D INTO B O N D S O F T H E F U N D E D L O A N O F 1907, P U R C H A S E D A N D
STANDING.

$1,030

$220

$68,430
39,928,040

$70
26,210

40,012,760

Total

6 0 . — P U B L I C D E B T J U N E 30,

Rate
of i n terest.

T i t l e of l o a n .

Purchased
during
year.

1,030

220

39,986,470

26,280

Issued.

To order
To bearer

INTEREST-BEARING

Total converted and Outstandpurchased to
ing.
J u n e 30, 1906.

Converted
during
year.

$58,500
39,954,250

How payable.

No.

1879,
OUT-

1905, A N D J U N E
THE Y E A R .

Outstanding
J u n e 30, 1906.

30,

1906,

AND C H A N G E S DURING

issued during
year. .

Retired during year.

Outstanding
J u n e 30, 1906.

$2,050.00

$39,842,500.00
1,260.00

$116,765.150.00
26,280.00
118,489,900.00
63,945,460.00
542,909,950.00

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 1926
L o a n of 1908-1918
Consols of 1930

P e r ct.
4
$156,595.600.00
4
27,530.00
4
118,489,900.00
3
77,136,360.00
2
642,909,950.00

Total

896,158;340.00

13,189,900.00
2,050.00

63,033,660.00

842,126,740.00

DEBT ON W H I C H I N T E R E S T
HAS CEASED.

Olddebt
i\5to6
L o a n of 1847
6
T e x a n i n d e m n i t y stock
6
L o a n of 1858
5
5-20S of 1862.
6
5-20S of J u n e , 1864;
6
5-20S of 1865
6
10-40sofl864
5
Consols of 1866
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, continued
3^
Oregon w a r debt
6,
L o a n of J u l y a n d A u g u s t , 1861.
6
L o a n of J u l y a n d A u g u s t , 1861,
continued
Sh
L o a n of 1863 (1881's)
6
L o a n of 1863, c o n t i n u e d
Zh
L o a n o f J u l y 12 1882
3.
F u n d e d l o a n of 1891
U
F u n d e d l o a n of 1891, continued
2
L o a n of 1904
5
T r e a s u r v n o t e s of 1861
6
••7.30s of i861
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
6
Coinpound-interest i i o t e s / . . . .
6
7.30s of 1864-65.. :."."..".
'Certificates of i n d e b t e d n e s s . .
•Temporary loan
4to6
3 p e r c e n t certificates
3 .
Tptal...................




151,635.26
950.00
20.000.00
2,000.00
108,450.00
16,000.00
20,850.00
19,160.00
73,750.00
107,150.00
11,050.00
5,000.00
27,760.00

50.00
1,000.00
100.00
260.00
7,950.00
200.00

.

151,636.26
950 00
20,000.00
2,000.00
108,400.00
15.000.00
19,850.00
19,050.00
73,500.00
99.200.00
10,850.00
6,000.00
27. 750.00

50.00
2,400.00
15.060.00

60.00
2,400.00
16,050.00

1.600.00
3,100.00
100.00
200. .00
46,700.00

1,600.00
3,100.00
100 00
200.00
26.600.00

19,100.00

82,200.00
294". 850.00
2,300.00
9,400.00
30,670.00
26,850.00
160,890.00
121,300.00
3,000.00
2,860.00
5,000.00
1,370,246.26

1*

:••>•

42,000.00
170,150.00

242, n o . 00

.^.^^

M..-I1....I-

160.00
900.00
250.00

40,200.00
124.700.00
2,300.00
9,400.00
30,510.00
26,860.00
159,990.00
121,050.00
3,000.00
2,850.00
6,000.00
1,128,136.26

215

TREASURER.
No.

6 0 . — P U B L I C DEBT J U N E 30, 1905, AND J U N E 30, 1906, AND CHANGES DURING
THE YEAR—Continued.

Title of loan.

Rate
of interest.

Outstanding
J u n e 30, 1906.

Issued d u r i n g Retired d u r i n g Outstanding
3^ear.
year.
J u n e 30, 1906.

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

P e r ct.
$5a,282.50
346,681,016.00 $107,840,000.00 $107,840,000.00

$53,282.60
346 681,016.00

35,132,672.00

24,724,135.00
1,351.80

42,636,639.00
6,865,757.28

385,828,609.58

142.972,672.00

132, 565.486.80

396,235,694.78

617,679,969.00
466,266,000.00
9,413,000.00

200,830,000.00
321,156,000.00

158,630,100.00
308,948,000.00
2.027,000.00

559,779,869.00
477,473,000.00
7,386,000.00

992,267,969.00

Total

32,227,102.00
6,867,109.08

521,986,000.00

469,606,100.00 1,044,638,869.00

2,274.615,063.84

664,960,722.00

665,446,346.80 2,284,129, 439.04

C E R T I F I C A T E S AND T R E A S U R Y
NOTES.

Gold certificates...
Silver certificates
Treasury notes of 1890
Total
Aggregate

No.

6 1 . — U N I T E D STATES BONDS RETIRED, PROM M A Y , 1869, TO JUNE 30, 1906.

Title of loan.

Loan of 1847
Bounty-land scrip
Loan of February, 1861
Oregon war debt
Loan of July and August, 1861
6-20S of 1862
Loan of 1863
5-20S of March, 1864
5-20S of June, 1864
5-20S of 1866
Consols of 1866
Consols of 1867
Consols of 1868
Texan indemnity stock ...'
Loan of 1860
Loan of 1858
'
10-40sofl864
Funded loan of 1881
Funded loan of 1891
Funded loan of 1907
Loan of July and August, 1861, continued
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 interest.

Redeemed.

$47,900
1,175
7,798,000
685,800
12,932,400
430,416,850
4,684,700
2,382,200
69,867,900
157,697,450
205,271,300
310.103,250
37,477,800
232,000
7,022,000
6,041,000
192,458,750
72,862,600

81,043,000
1,418,850

Purchased.

$10,612,000
. 266,800
48,776,700
67,156,850
19,864,260
1,119,800
43,469,750
36,023,360
118,950,550
62,846,950
4,794,050

26,886,120
27,236,612
6,303,000
1,600,000
1,970,660
1,628,320
19,260,350
2,289,258,787

$27,091,000
380,600
12,218,660
9,586,600
8,703,600
6,568,600
256,650
13,957,000
2,089,600

43,699,000
143,618,200
231,337,850

127,596,600
37,226,200
109,155,250
305,581,050
25,372,000

Converted
and
exchanged.

391,421,150
13,231,650
292,349,600

2,913,540

8,543,650"
. 43,825,.500
877,587,790

132,449,900

72,071,300

Total.

$47,900
1,175
18,410,000
942,600
61,709,100
614,663,700
24,538,960
3,882,500
126,646,300
203,307,400
332,925,450
379,618,800
42,628,600
232,000
7,022,000

19,998,000
194,648,260
116,461,600
224,661,200
624,177,850
127,695,600
60,467,850
401,504,860
306,581,050
135,363,440
25,372,000
25,885,120
27,236,512
6,303,000
1,600,000
1,970,660
1,628,320
99,876,300
43,826,600

982,375, 700 4,149,222,277

216

REPORT ON T H E

N o . iJ2.

FINANCES.

- ^ B O N D S A N D OTHER SECURITIES R E T I R E D FOR T H E S i N K I N G F u N D
THE FISCAL Y E A R 1906, AND TOTAL PROM MAY,
1869.
F r o m M a y , 1869.

Retired
Redeemed.

year.
War-bounty scrip
L o a n of 1860
- -L o a n of F e b r u a r y , 1861
Oregon w a r debt
1 .
L o a n of J u l y a n d A iigust, 1861
5-20sof 1862
L o a n of 1863
10-40S of 1864
--6-20S of March,-1864
5-20sof J u n e . 1864..
5-20S of 1865
.
...
Consols of 1865
'
Consols of 1867
Consols of 1868
F u n d e d l o a n of 1881
F u n d e d l o a n of 1891
$19,100.00
F u n d e d l o a n of 1907
L o a n of 1904
170,150.00
L o a n of J u l y a n d A u g u s t . ! S6l .non fin i led
L o a n of 1863, c o n t i n u e d
F u n d e d l o a n of 1881, c o n t i n u e d
L o a n of J u l y 12.1882
L o a n of 1908-1918 . .
42,000.00
F u n d e d l o a n o f 1891, c o n t i n u e d
L o a n of 1926
T r e a s u r y n o t e s i s s u e d n r i o r t o 1846
T r e a s u r y n o t e s of 18 51
T e m p o r a r y l o a n c e r t ificates. a c t 1862
Certificates of i n d e b t e d n e s s , a c t 1862
Certificates of i n d e b t e d n e s s of 1870 .
O n e - y e a r n o t e s of 18 63
160.00
T w o - y e a r n o t e s of IS 63
900.00
C o m p o u n d - i n t e r e s t il o t e s 7.30s of 1861
250.00
7.30s of 1864-66
-1,351.80
Fractional currency
United States n o t e s .
Old d e m a n d notes ..
National-bank notes
R e f u n d i n g certificat es
.
220.00
Total

No.

63.—PUBLIC

234,131.80

DEBT,
END

Month.

EXCLUSIVE
OP EACH

Interest
bearing.

1900—January
$1,026,863,060
February
1,026,862,120
March
1,026,862,140
April
1,026.863,490
May.
1,026,482,990
June
1,023,478,860
July...,
1,021,126,160
August
1,001,499,260
September
1,001,499,260
October
1,001,499,760
No.vember
1,001,499,760
D e c e m b e r — 1,001,499,770
1901—January
1,001,500,260
February
1,001,600,410
March
1,001,600.410
April
996.360,380
May
992;024,480
June
987,141,040
July
985,476,060
August
982,640,090
September—
966,966,120
October
961,023,100
November
949,062,330
December —
943,279,210




OF

Matured.

Purchased.

$176.00
10,000.00
3,000.00
1,400.00
78,460.00
30;047,400.00
23,100.00
691,600.00

$10,612,000.00
256,800.00
48,776,700.00
24,029,150.00
19,864,260.00

Total.

361.600.00
18,356,100.00
16,866.150.00
48,166,150.00
32,115,600.00
2,213,800.00
43,699,000.00"
46,274,860.00
129,063,860.00
8,643,650.00

11,072,100.00
1,982,460.00
66,460.00
76,700.00
21,350.00
26,086,200.00
60,761,950.00

19,260,356.66
66,633,000.00
37,220,300.00
43,710,300.00
168,692,760.00

2,396,800.00
26,372,000.00
43,825,600.00
n o . 00
200.00
110.00
1,000.00
678,000.00
5,196.00
1,660.00
29,560.00
1,450.00
12,450.00
26,260,126.66
29,090,564.00
3,186.00
41,866,067.00
560.00
568,748,671.65

CERTIFICATES

MONTH,

DURING

FROM

495,302,510.00 1,064.051,181.65

AND TREASURY

JANUARY

NOTES, AT

THE

, 1900.

United States N a t i o n a l - b a n k
notes and
f r a c t i o n a l cur- n o t e s , r e d e m p tion account.
rency.

$1,208,410.26 $353,616,422.16
1,208,000.26 353,616,421.91
1,207,600.26 363.614,318.91
1,182,170.26 363,614,318.91
1,181,880.26 353,614,318.91
1,176,320.26 353,613,853.91
1,176,310.26 363,613,863.91
9,201,960.26 353,613,273.91
5,516,220.26 353,613,273.91
3,430,030.26 353,613,273.91
3,081,410.26 353,613,273.91
2,664,070.26 363,613,273.91
2,023,190.26 353,613,273.91
1,830,690.26 363,612,326.91
1,770,140.26 353,612,325.91
1,657,840.26 363,612,326.91
1,466,120.26 363,611,275.13
1,416,620.26. 363,611,275.13
1,400,820.26 363,611,226.13
1,393,620.26 363,611,226.13
1,343,660.26 363,611,226.13
1,341,310.26 353,611.226.13
1,340,940.26 363,610,002.13
1,339,790.26 363,609,356.38

$175.00
10,000.00
10,615,000.00
258,200.00
48,866,150.00
64,076,560.00
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
.2,235,150.00
68.685,200.00
97,036,800.00
129,053,850.00
27,804,000.00
56,633,000.00
37,220,300.00
43,710,300.00
168,692,750.00
2,396,800.00
26,372,000.00
43,826,500.00
n o . 00
200.00
110.00
1,000.00
678,000.00
5,195.00
1,650.00
29 550 00
1,450.00
12 450.00
26,250,126.65
29,090,664.00
3,185.00
41,865,057.00
660 00

S36,440,318.00
36,663,340.00
37,365,294.50
39,269.664.00
37,113,161.50
35,147,878.50
33,290,761.00
33,374. 308.00
33,732.796. .50
32.864,298.00
32,167,232.60
31,531,532.60
30,472,127.00
28,991,227.00
28,703,564.50
28,718,918.60
27,723,088.00
29,404,309.60
28,691,234.50
28,676,186.60
29,695,339.00
31,713,019.50
33,268,870.50
35,003,208.50

Total.

$1,418,127,200.42
1,417,248,882.17
1,419,049,353.67
1,420,919,633.17
1,418,392,340.67
1,413,416,912.67
1,409,206,075.17
1,397,688,802.17
1,394,361,549.67
1,391,407,352.17
1,390,351,666.67
1,389,298,646.67
1,387,-608.85L17
1.386,934,653.17
1,386,686,430.67
1,379,239,464.67
1,374,814,963.39
1,371,672,244.89
1,369,179,339.89
1,366,321,12L 89
1,361,516,244.39
1,347,688.654.89
1.337,282,142.89
1,333,231,664.14

217

TBEASUBEB.

N o . 6*1.-—PUBLIC DEBT, EXCLUSIVE OF CERTIFICATES AND TREASURY NOTES, A T T H E
E N D OF EACH MONTH, FROM JANUARY, 1900—Continued.

Interest
bearing.

1902—January . . .
February..
March
April
May

Jurie

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 . . .
November.
December .
1905—January...
February..
March'.
April
May

Jurie

• July
August . . . .
September.
October . . .
November.
December.
1906—January...
February..
March
April
,
May
,
June
.luly
August
September

$939,094,330
937,021,160
931,070,700
931,070,750
931,070,340
931,070,340
931,070,.340
931,070, 340
931,070,340
915, 370, 230
. 914,541,240
914,641,240
914,541,330
914,541,420
914,541,370
914,541,390
914,541, 360
914,641,410
914,541,400
914,541,400
912,539,440
906,277, 060
902,911,240
901,747, 220
900,470, 960
896.156, 700
895,156,740
895,157,440
895,157,430
895,157,440
896,157,640
895,157,630
895.157, 630
896,157,770
896,157,470
895,157,470
895.157, 510
895,167,530
895,157,530
896,158,070
895.158, 240
895,168, 340
896,158,720
895,168,700
895,168, 680
895,168,940
896,169,120
895,159,140
896,159,180
895,159,170
895,169,170
895,169,160
896,169,160
896,169,140
896,159,090
922,133,380
926,169,200




Matured.

U n i t e d S t a t e s National-bank
notes a n d
notes, redempf r a c t i o n a l cur- tion account.
rency.

328, 830.26 $353,609, 366.38
316, 270.26 353,609, 175.38
314, 120.26 353,609, 176.38
302, 080.26 363,609, 172.13
301, 880.26 363,608, 187.13
280, 860.26 353,608, 187.13
276, 810.26 353,608, 187.13
257, 490.26 353,608, 187.13
256, 860.26 353,608, 187.13
256, 820.26 353,607, 467.13
256, 810.26 353,607, 467.13
265, 710.26 363,607, 457.13
230, 910.26 363,607, 457.13
230, 610.26 363,607, 467.13
230, 100.26 353,606, 664.13
230, 050.26 353,606, 654.13
214, 900.26 353, 606, 554.13
205, 090.26 353,606, 104.13
205, 070.26 363,606, 104.13
204, 070.26 353,606, 104.13
197 050.26 353,606, 104.13
196, 930.26 353,606, 104.13
196, 720.26 353,606, 104.13
196, 630.26 353,605, 451.13
.196, 530.26 353,605, 451.13
161, 680.26 353,605, 450.13
670, 510.26 353, 605, 450.13
347, 480.26 353,604, 716.13
109, 950.26 353,604, 713.38
970, 920.26 353,604, 113.38
881, 130.26 353,604, 113.38
841, 270.26 353,604, 113.38
662, 220.26 353,604, 113.38
627, 700.26 353,604, 113.38
495, 400.26 363.603, 328.38
447, 260. 26 353,603, 328.38
431, 470.26 353,603,
,.328.38
417, 320. 26 353, 603, 328.38
406, 450.26 353,602, 765.58
401, 046.26 363.602, 765.58
377, 165.26 353,602, 247. 68
370, 245.26 353,601 407.58
264, 735.26 353,601 407.68
256, 535. 26 353,601, 407.58
256, 405.26 353,601 407.68
231, 075-26 353,601, 007.68
208, 095.26 353,601, 007.58
199, 636.26 353,60i; 007.58
170, 826.26 353,601; 007.58
156, 705.26 353,601: 007.58
139, 425.26 353,600, 257.68
139, 146.26 353,600, 267.68
135, 045.26 353,600, 257.68
128, 136.26 363,600, 066.78
126, 685.26 353,600, 055.78
126, 375.26 353,599, 635. 78
126, 375.26 363.599, 636. 78

$36,691 , 029. 00
37,971:,313.00
39,594;
,625.50
41,873 ,957.50
41,839:, 395.00
•
42,071 , 969.50
41,929,
,629.50
41,646! 804.60
,
42,733,
,894.50
44, 695, 092.50
,
43,268,
,362.50
42,169,
,652.50
42,908, 829.00
,
43,136:, 981. 50
43,147,, 883. 50
'
42,883,, 611.00
;
41,494:
,116.00
40,053;, 308. 50
.
38,962,, 178.50
;
38,023;, 493.50
;
39,827!
,135.50
38,959;
1,809. 50
37,292,, 775.00
:
36,976, 674.00
s
38,534 ,696.50
39,179,, 309.00
'
,396.00
38.689,
i
38,663,, 611.50
37,717 ,056.00
i
35,526:, 542. 50
1,208.60
34,220;
I
34,766,, 732.60
,
33,373: 135.50
,866.00
32,750:
,377.00
32,329:
;
31,933,, 951.50
,
30,363, 106.60
30,077 ,818.60
.
30,279:, 435.00 •
31,374, 742.00
.
31.349: 852.50
,102.00
32,227:
.
31,889:, 869.00
,
33,105, 296.50
.
33,385,, 209.00
1,390.60
34 .-470:
35.096:, 449.00
1,309.00
34.690,
1.666.00
35,478,
1,758.50
40,322:
,908.00
41,683:
,
41,640: 909.00
,616.00
42,446:
,639.00
42,635:
,011.50
.43,935:
1,967.20
44,195:
:
45,574:, 178.00

Total.

,330 723, 544. 64
,329 917, 918.64
, 325 588, 621.14
, 327 865, 959.89
, 327 819, 802.39
,328 031, 366.89
,327 884, 966.89
,327 582, 821.89
,328 669, 281.89
,314 929, 599.89
,312 672, 869.89,311 574, 059.89
, 312 288, 526.39
,312 516, 368.89
,312 525, 907.89
,312 261, 605.39
,310 856, 930. 39
,309 405, 912.89
,308 .314, 752.89
,307 375, 067.89
, 307 169, 729.89
,299 039, 903.89
,295 •006, 839.39
,293 525, 775.39
,293 807, 627.89
,291 103, 139.39
,290 122, 096.39
,289 773, 246.89
,288 589, 149.64
,286 259, 016.14
,284 862, 992.14
,285 368, 746.14
,283 797, 099.14
,283 140, 449.64
, 282 585, 575.64,282 142, 010.14
,280 555, 415.14
,280 255, 997.14
,280 446, 180.84
,281 636, 622.84
,281 487, 505.34
,282 357, 094.84
,281 914, 731.84
,283 121. 939.34
,283 401, 701.84
461, 413.34
, 284s
,285 063, 671.84
,284 650, 091.84
,286, 409, 678.84
,290 239, 641.34
,291 482, 760.84
,291 539, 471.84
,292 340, 068.84
,292 622, 970.04
,293 820, 742.54
,321 055, 258.24
,325 469, 289.04

218

REPORT ON T H E FINANCES.

' N o , 6 4 . — L A W F U L M O N E Y DEPOSITED I N T H E TREASURY EACH M O N T H OF T H E F I S CAL Y E A R 1 9 0 6 . F O R T H E R E D E M P T I O N O P N A T I O N A L - B A N K N O T E S .
Five per cent
account.

Month.

$22, 913, 640.07 $60,097.50
62,200.00
21, 146,895.83
50,000.00
19, 664,667.25
212,600.00
24, 196, 522.73
2, 550.00
20, 404,091.88
20, 152,061. 63
27, 869,706.47
28, "7,768.12
26, 338,053.63
2i: 423,430.07
22 151,005.99 I 115,300.00
750.00
24 529,005.68 i

1905—July . . . . . . .
August
September.
October
November.
December .
1906—January . . .
February . .
March
April
May
June
Total.....

No.

Failed
account.

279,186,849.35

503,497.50

Reducing
account.

Liquidating
account.
$946, 906.50
1,315: 605.00
920, 800.00
1,499,417.60
1,102,672.50
335.00
730, 399.00
2,117,792.60
6,964.894.60
1,916,112.60
1,036,732.50
651, 300.00
602,
18,703,967.60

Total.

$251, 150.00 $24,171, 794. 07
1,232, 050.00
23,756, 750.83
1,331, 600.00
21,967, 067.25
1,384, 460.00
27,293, 000.23
500.00
. 1, 922,
23,431, 814.38
1,020, 600.00 . 21,902, 896.63
1.256. 000.00
31,242, 105.47
1,398, 350. 00
35,760, 910.62
1,913. 157.50
30,168, 105.73
1,804, 700.00
24,263, 242.57
2,1238, 256.00
25,156, 293.49
1,716: 020.00
26,748. 075.68
17,467i 742.50

315,862,056.96 ,

6 5 . — D I S B U R S E M E N T S FROM R E D E M P T I O N ACCOUNTS O F N A T I O N A L B A N K S EACH
M O N T H O F T H E F I S C A L Y E A R 1906.

For notes redeemed.

Transfers
and repayments.

Total disbursements.

1905—July
August
September
October...
November
December.
1906—January . .
February .
March
April
May
June

$23,698, 183.00
19,562, 222.50
23,259, 890.00
23,948, 441.00
21,603, 351.50
21,749, 240.00
33,008, 760,00
28,623, 753.00
27,787, 850.00
23,652, 574.00
25,365, 770.50
25,670, 687.00

$381,246.27
127,269.50
95,766.00
790,443.33
295,358.42
193,475.72
241, 556.89
- 361,372.15
223,151.60
380,683. 60
171,794.02
100,481.03

$23,979, 429.27
19,689: 492.00
23,356, 656.00
24,738, 884.33
709.92
• 21,898,
21,942: 716.72
33,250, 316.89
28,885, 126.15
28, on, 001.60
24.033, 257.60
•25.527, 564.62
25,771 168.03

Total....

297,720,722.60

3, 362,597.53

301,083,320.03

Month.

Balance.

$47,519, 710. 58
51,586. 969.41
50.198, 381.66
52,762, 497.66
64,285, 602.02
64,245, 782.93
62,237, 571.51
69,113, 356.98
61,270, 461.11
61,600, 446.08
61,129, 175.06
62,106, 082. 70

N o . 6 6 . — N A T I O N A L - B A N K NOTES RECEIVED FOR REDEMPTION PROM THE PRINCIPAL
CITIES AND OTHER PLACES EACH MONTH OP THE FISCAL Y E A R 1906, IN THOUSANDS
OF DOLLARS.

Month.

New
York.

1905—July
August
September
October...
November
December.
1906—January . .
February .
March
April
May..
June

$13,460
11,845
8,235
9,125
10,024
12,715
22,638
12,714
13,453
10, 749
14, 098
11, 031

$2,171
2.141
1,869
1,833
2.152
2,104
2,286
1,663
1,690
1,386
1,844
1,619

$1,649
1,949
1,604
1,619
1,627
1,584
2,249
1,284
1,409
1,566
2,088
1,904

$844
902
806
843
824
710
1,064
1,103
1,001
840
1,033
819

$2.633
2,233
2,413
2,083
2,111
2,347
2,729
1,935
2,517
2,161
2,648
2,350

$755
565
608
601
826
773
622
631
886
705
780
680

$1,219
720
737
862
638
622
1,229
1,367
1,988
1,627
1,330
1,426

$257
190,
227
313
347
526
630
380
856
620
676
625

$2.637 $25,625
2,377 22,912
2.676 19,074
3,333 20,612
3,113 21,662
3,452 24,832
3,365 36,711
2.740 23,717
3,222 27,021
3,116 22,759
3,194 27,591
3,624 23,877

T o t a l . . . . 150,087

22,656

. 20,422

10,789

28,160

8,321

13,764

5,346

36,748 296,293




PhilaBaltiCincinNew
Other
St.
Boston. delphia.
Chicago.
Total.
more.
nati.
Louis. Orleans. places.

219

TREASURER.
No. 67.

-NATIONAL-BANK NOTES OUTSTANDING AT THE E N D OP EACH MONTH, AND
MONTHLY REDEMPTIONS, FROM JANUARY, 1900.

Outstanding

Month.
1900—January . . .
February..
March
April
May

Jurie

:

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

Jurie

July
August...
September
October ..
November
December
1903—January..
February.
March
April
May

No.

Redemptions.

Month.

$247,068,743 $12,196,432
7,367,144
249, 516,228
7,133,696
271, 034,337
8,358, 204
285, 359,366
300, 669,758 12,064,085
309, 640,443 13,043,599
320, 095,891 13,666,718
324. 304,326 13,072.084
8,677,348
328, 416,428
8,443,068
331, 693,412
9,667,510
332,
,292,300
340,
,141,174 10,511,186
346,
,821,871 19,482,764
348,
,655,256 12,799,120
360,
,101,405 12,358,659
350,
,764,257 11,306,800
35i:
,582,590 14,188,094
363;
,742,187 13,416,238
356,
,152,903 13,378,876
357; 419,156 14,336,672
8,792,245
358,830,648
359,911,683 11,384,984
369, 720,711 11,087,009
360, 289,726 13,351,267
359,444,616 20,863,764
368, 434,867 14,999,349
357, 476,407 14,610,899
366, 987,399 15,460,660
356,
,747,'184 17,243,763
356,
,672,091 16,369,881
358, 984,184 15,334.968
,
361,
,282,691 13,213,682
366,
,993,698 11,242,661
380;
,476,334 12,483,910
384,
,854,514 13,600,790
384, 929, 784 18,667,201
,
383:
,973,646 24.364,960
382,798,846 13,916,434
382; 519,258 14,446,393
:
,
391 151,728 17.012,686
406; 443,205 20,676,357

1903—June
July
August
September.
O.ctober...
November.
December.
1904—January...
February..
March
April
May
June
July
August
September.
October . . .
November.
December .
1906—January . . .
February..
March
April
May
June
July
August
September.
October . . .
November.
December.
1906—January...
February..
March
April
May
June
July
August
September

Outstanding.

Redemptions.

$413, 670.650
417. 346,487
418. 587,976
420. 426,635
419, 610,683
421. 106,979
425. 163,018
426,857,627
430,324,310
434. 909,942
437. 080,573
445, 988,566
449, 235,096
460, 206,888
452, 616,773
456, 079,408
457,281,600
460, 679.076
464. 794.156
467, 422.863
469,203.840
475,948,946
481,244,945
488, 327,616
495. 719,806
503. 971,395
612, 220,367
516,362,240
524, 408,249
533. 329,258
540. 914,347
543. 230,080
650,
,803.895
564. 666,967
666,
,646,282
559,
,129,660
561,
,112,360
561,
,481,045
569,
,862,303
,903,108
, 573,

$21,679,690
22,963,412
18,856,085
16,830,510
17.488.970
13,664,484
22.080,483
29,641,701
21,006,260
21, 567,430
23,783,646
25,702,886
28,676,063
27,138,361
24,922.175
18,187,050
20,200,160
22,291,957
27,356,322
35.687,232
24.706.431
26.964,598
24,605.427
27,265,778
29,074,269
25,624,807
22,912.286
19,073,610
20,612.166
21.561.971
24,832,551
36,710,959
23,716,730
27,021,046
22.768.848
27.690,918
23,876,995
21,766,334
18,804,632
14,638,106

6 8 . — R E D E M P T I O N S AND DELIVERIES OP NATIONAL BANK NOTES EACH MONTH
OP THE F I S C A L Y E A R 1906.

Redemptions.

Deliveries on
redemption
accounts.

1905—July
August
September
October . .
November
December
1906—January..
February.
March
April
May
June

Deposited
in Treasury.

$25,295, 457.16 $23,289, 738.00 $20,679.00
23.138, 841.70
20,025, 557. 50 21,782.50
20,273.00
19,024, 756.40
23,142, 165.00
16,271.00
20.462, 430.66
24,155: 818.60
18,369.00
21,406, 496.20
21,799: 804.00
29,816.00
23,538, 070.42
21,889: 646.00
29,610.00
37.646,202.13
32,711, 000.00
20,934.00
23,769,282.26
28,697, 338.00
20,940.00
27,000, 830.80
27,864, 975.00
16,139.00
22,707, 529.40
23,793, 464.00
23,060.00
27,323, 345.70
25,314: 870.50
29,588.00
23,861, 178.00
25,632: 287.00

Total...




296,174,419.81 298,216,662.60

267,451.50

On hand
charged to On hand unasr
5 per cent
sorted.
account.
., 083,385.00 $15,584,187.47
620,050.00 19,139, 024.17
737,775.00 14,883, 616. 67
530,397.60
11,38i: 335.22
333,946.00 11,166, 120.92
193,540.00 12,925,135.34
491,300.00 17,632, 967.47
417,716.00 12,757,562.72
340,690.00 11,949,603.52
199,700.00
10,988,419.92
240,600.00 12,932, 935.12
279,000.00 11,093,838.12

220

REPORT ON T.B:E FINANCES.

N o . 6 9 . — R E D E E M E D NATIONAL-BANK NOTES DELIVERED PROM THE TREASURY EACH
MONTH OF THE FISCAL Y E A R 1906.
r
s u
F o r r e t u r n t o F o r d e s t r u c t i o n F o i o d ea t r d c t n n
b a n k s of issue. a n d r e i s s u e .
retirement.

Month.

1905—Julv
August
September.
October. ..
November
December
1906—January
February
March
April
May
lune

. $7,249,000.00 $14,747,457.50- $1,293,280.50
12,517,335.00
1,394,372.60
6,113,850.00
13,921,827.50
2,020,887.50
7,199,450.00
16,115,135.00
1,460,283.60
•6,580,400.00
12,983,740.00
2,378, 664.00
6,437,500.00
13,206,375.00
2,155,470.00
6,527,800. 00
19,935, 740.00
2,469,030.00
10,306,250.00
17,340,656.00
2,304,183.00
8,952,500.00
16,319,242. 50
2,483,632.50
9,062,200.00
2,536,004.00
7,379,700.00. 13,877, 760.00
16,330,147.50
2,203,073.00
6,781,650.00
17,266,412. 50
2,025,474.50
6,340,400.00

.

Total

No,

88,930,700.00

184,561,827.50

24,724,136.00

Total.

Balance.

$23,289,738.00 $16,667.572.47
20,025,567.50
19,759,074.17
23,142,165.00
15.621.391.67
24,165,818. 50
11. 911,732.72
21,799,804.00
11,500,066.92
21,889,645.00
13,118,675.34
32,711,000.00
18,024,267.47
28,597,338.00
13,175,277.72
27,864, 975. 00 12,290,193.52
23,793,464.00
11,188,119.92
26,314,870. 50 13,173, 635.12
25,632,287. 00
11,372,838.12
298,216, 662. 50

7 6 . — A S S E T S AND LIABILITIES OF THE F I V E P E R CENT REDEMPTION FUND OP
NATIONAL BANKS AT THE END OP E A C H MONTH OF THE FISCAL Y E A R 1906.

Liabilities.

Assets.
Month.

On deposit National
in
banknotes
Treasury. on hand.

Expenses
paid.

$16,667,572
19,759.074
15.621,391
11,911,733
11,500,066
13,118,675
18,024,267
13,175,278
12,290,193
11,188.120
13,173,535
11,372,838

$89,255
121,540
121, 540
175,616
66.748
32,323
64.574
64, 574
64,674
64,674
97,936
97,936

1905—July...
August
September,.
October
November..
December..
1906—January
February...
March
April
May
June

846,644
765,663
999, 574
629,573
002,176
706,631
837,983
688,482
315,036

Total.

$16,766,827
19, 880,614
17,589, 575
18,852,912
19,566,388
19,780, 571
18,088.841
19,242,028
20,061,398
20,090,677
18,959,953
19,786,810

To national
On other
To
Treasury. accounts.
banks.
$15,629,841
18.481,673
16,813,173
18,282. 107
19.190,153
19,555,474
16,758,905
18,790, 698
19.6^6,653
19.855.837
18,683,559
19,470,444

$7,764
741,203

806,376

$1,119,222
657,738
776,402
570, 805
376,235
225,097
523,561
451,430
374,845
234,840
276,394
316,366

N o . 7 1 . — 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 YEARS, PROM 1895, IN THOUSANDS OF
DOLLARS.

Fiscal
year.
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906

New
York.
$61,936
68,051
65,312
51,804
46,610
62,707
81,263
86,749
98,550
141,660
169,432
150,087

Boston.
$10,266
14,613
16,382
16,606
13.342
12,427
19.467
18,672
19,543
22,834
24,416
22,666




P h i l a d e l - Baltiphia.
more.
$6,099
7,601
8,348
6,670
7.332
8,390
9,097
10,788
14,306
18,688
21,483
20,422

$952
2.068
1.610
2,113
2,386
2.633
4,747
6,635
7,009
9,338
11,768
10,789

Chicago.

St.
Cincinnati.
Louis.

$4,028 $1,706
3,112
5,778
1,584
6,431
1,465
6.153
1.718
5,050
1,218
.4,804
1,644
8,562
3,198
14,192
4,449
18, 739
6,417
21,910
26.798 . 7,724
8,321
•28,160

Other
New
Orleans. places.

$389
$1,731
3,836
1,062
2.172675
1,896 .
564
2,283
630
2,320
710.
6,008
1,628
12,847
2,271
9,311
. 3,176
12,301
4,034
18,572
6,372
13,764
6,346

$9,603
12,140
12,160
10.942
• 11,488
11, 773
15,171
17,617
21.347
24,960
32,734
36,748

Total.
$86,709
108,261
113,574
97,112
90,838
96, 982
147,487
171.869
196,430
262,142
308,299
296,293

221

TREASURER.

No.

7 2 . — R E S U L T OF THE COUNT OF NATIONAL-BANK NOTES. RECEIVED FOR
REDEMPTION, BY FISCAL YEARS, PROM 1895.
"Overs."

"Shorts."

Referred a n d Counterfeit.
rejected.

1895
1896-.-....-...
•1897- . . .
1898
1899
,..
1900
1901
1902
1903 . .
1904
1905 . . .
1906

$86,940,748.64 $7,653.64
7,654.71
108,260,978. 05
.113,226,181.47
5,423.79
97,459,282.47 10,383.40
90,838, 301.01 16,615.50
96,982, 607.88
8,092.26
147,486,677.93 19,903.'62
171,612,762.90
7,269.23
196,786,126. 51 29,339. 97
262,141,930. 23 18,489. 36
308,298,760.03 61,102.06
296,292,884.95 41,359.06

$2,062.90
7,682.70
3,841.50
11,957.60
16,911. 20
11,685.80
20,620.30
6, 999.40
12,998.30
30,839.28
19,032.80
36,882.00

$576,708.61 $1,680.50 813,226.95
362,355.27 2,069.60 15,598.96
626,331.70 1,508.75
43.80
352,846. 95 1,424.50
76.20
681,108.06 1,227.00
121.80
760,902.16 1,706.00
124.70
340,636. 30 1,432.00
143.95
462,968. 76 1,754.00
174.62
439,173.60 1,901.00
200.40
385,635.85 1,307.00
250.81
1,521,902.10 1,308.00
261.75
1,121,987.60 1,685.75
268.95

No. 7S.-

-DisposiTioN M A D E OP THE NOTES REDEEMED AT THE NATIONAL-BANK
REDEMPTION AGENCY, BY FISCAL YEARS, PROM 1895.

• Fiscal
year.

Claimed by
owners.

Fiscal year.

1896
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906. . .

D e l i v e r e d t o t h e C o m p t r o l l e r of
the Currency.
Returned to
b a n k s of issue. F o r d e s t r u c t i o n F o r d e s t r u c t i o n
and retirement.
a n d reissue.
$35.056,620
46,946,190
37,659,960
27,124,260
23,472,650
25,620, 660
67,668,715
57,303,520
62,563,430
92,025,555
106,286,870
88,930,700

:

No. 74.-

Fiscal year.

$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
20,085,274.60
26,272,086.00
30,936,971.00
25,857,368.00
24,724,135.00

Net proceeds.
$86,366,723.22
107,891,026.34
112,599,879.51
97,103,360.72
90,156,648.46
96,226,281.48
147,143,649.90
171,048,136.36
196,361,193.28
261,742,386. 65
306,817,357.43
296,174,419.81

Deposited i n
Treasury.

Balance on
hand.

$66,341.00
91,894.00
69,019.00
71,156..00
84,926.00
111,699.00
122,883.13
148,477.00
174,806.50
291,351.00
308,547. 50
267,451.50

$4,203.973.31
9,967.390.65
4,731,248.16
3.790,578.38
3,209,447.84
6,787,132.32
6,080,614.09
9,944,632.96
12,691,238.23
14.736,342.88
14,682,532.31
11,372.838.12

-MoDE OF PAYMENT FOR NOTES REDEEMED AT THE NATIONAL-BANK
REDEMPTION AGENCY, BY FISCAL YEARS, PROM 1895.
Transfer
checks.

U n i t e d S t a t e s Silver c o i n . C r e d i t i n g e n currency.
eral account.

$40.374,030.32
48,774,713.30
65,667,032.90
42,186.863.86
24,730,838.16
28.433,009.35
66,935.811.50
61.870,406.60
63,546,511.10
95,694.893.78
107,599,646.95
122,852,833.46

1896
1896
1897
1898
1899
1900
1901
1902
1903
1904
1906
1906

$40,094,640.00
43,866,376.00
69,014,687.60
64,868,156.50
50,630,827.50
49,006,445.00
71,432,232.60
89,646, 745.00
104,604,265.60
' 136,444,405.00
174,417,382.50
184, 561,827.60

Express
charges.

$31,625,706. 66
29,331,636. 61
36,525,208.00
39,921,232.75
49,339,819.20
56,877,983.30
58, 986, 976. 64
74,811,828.26
96,919,863.47
123,598,061.41
146,613,677.16
123, 371,141.71

Credit in
redemption
account.

$690,094.66
$61,236.66 $13.604,654.93'
82,669.45 28,893,499.85
808,607.13
57,208.70 19,084,125.58
1,366,304.33
83,747.40 13,733,920.92
1,-177,595.79
84,399. 50 14,984,970.20
1,016,521.41
78,301.35 11,380,978.28 c
456,009.20
41,954.90 21,508,997.10
669,909.86
46,770.80 33,603,045.00
716,084.80
47,084.45 .36,178,517.50
669,216.76
31,829. 60 41,360,671.40
1,167,040.46
81.430.80 50,629,868.00
1,992,834.52
109,491.20 46, 965,078.53
1,876,874.92

Total.

$86,355,723.22
107,891,026.34
112,599,879.51
97,103,360.72
• 90,166,648.46
96,226,281.48
147,143.649.90
171,048,136.36
196,361,193.28
261.742,386.66
306,817,357.43
295,174,419.81

N o . 75),—DEPOSITS, REDEMPTIONS, ASSESSMENTS FOR EXPENSES, AND TRANSFERS AND
REPAYMENTS ON ACCOUNT OP THE F I V E P E R CENT REDEMPTION F U N D OP NATIONAL
BANKS, BY FISCAL YEARS, PROM 1895.
Fiscal year.
1895
1890
1897
1898 . . .
1899
]900
1901
1902
1903
1904
1906
1906

Deposits.
$76 '630.065.50
91.565,066.77
107,249,316.44
83,611,779.36
.76,886,139.10
78,364,882.88
131,636,726.84
148.687,860.75
169,468,36L28
230,952,146. 79
282.914,986.66
279,186,849.35




Redemptions.
$74,907,472.50
90,967,815.00
106,608,977.60
81,817,265.50
73,982,227.50
74.872,477.50
128.928.835.00
147,010,876.00.
167,643,685.60
228,324,620.00
280.998,292.60
272,996,587.50

Assessments.

Transfers a n d
repayments.

$107,222.51
100,159.28
114,814.32
125,971.49
130,417.31
121,420.28
122,544. 28
163,334.03
156,409. 72
176,464.24
223, 672.88
249,360.38

$510,917.34
273,425.83
671,838.92
924,697.79
1,041,481.13
1,021,916.07
723.459.79.
1,622,486.62
1,176,007.61
1,351,771.62
977,191.78
1,670,71L66

Balance.
$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
13,285,123.46
14,384,414.88
15,100,243.78
19, 470,443.70

222

REPORT ON T H E FINANCES.

N o . 7 6 . — D E P O S I T S , REDEMPTIONS, AND TRANSFERS AND REPAYMENTS ON ACCOUNT
OP NATIONAL BANKS FAILED, IN LIQUIDATION, AND REDUCING CIRCUL.ITION, BY
FISCAL YEARS, PROM 1895.

Fiscal.year.

Redemptions.

Deposits.

Transfers and
repayments.

Balance.

FAIL.ED.

$274,293.50
613,180.50
1,510,952.50
563,831.00
""1,422.00
I • 1,276,002.00
!
266,171. 00
704,616.00
492,798. 00
428,5.35.60
642,288.00
503,497.60
IN

$754,044. 00
786,163.50
938,538.00
699,340. 00
548.111. 50
687,831.50
681,562.00
730,305.00
607,069.60
805,763.00
733.434.00
895,684.60

$25,020.00
1,810. 00
450. 00
56,230.00
6,352.00
30.00
381.00
100.00
8, 704.00
3,721.50
22,850.00

5Ji9S7, 010.00
789, 007.00
1,359, 611.50
1,223, 652.50
1,527, 733.00
2,108, 661.60
1,693, 140.60
1,667, 070.60
1,662, 709.00
1,166, 777.60
1,071, 910.00
656, 873.00

2,696,467.60
1,863,256.00
2,174, 129.60
3,396, 659.60
4, 669,
763.00
2,501 184.00
2,529, 816.00
7,609, 494. 60
9,636, 387.50
7,699,077.50
15,220, 186.00
.18,703, 967.60

1895
1896
1897
1898
1899
1900
1901
1902.
1903.
1904.
1905.
1906.

3.225, 443.00
2.868, 828.60
2,808, 411.50
2,502, 099.00
3,088, 015.00
3,207, 666.00
3,341,847.50
4,465, 127.00
6,336, 116.50
7,670, 603.00
9,012, 030.00
11,126, 108.00

33,973.50
73,038. 00
82,690.00
13,066.00
39,674.50
65,202.00
13,776.00
28,121.60
20,048.00
70,820.50
41,240.50
89,936.60

16,870, 665.00
16, 782,043.60
15,065, 071. ,50
15,946, 466.00
17,488, 529.50
16,716, 845.50
15,891, 038.00
19,017, 284.00
22,197, 607.00
22,055, 161.00
28,222, 067.60
35,709, 990. 50

9,346,995.60
3,659,307.00
12,324,430.00
18,800,630.00
18,121,441.00
14.626,460.00
10,861,289.00
25,232,209.50
17,181,070.00
18,879,475.00
8,301,695.00
17,467,742.50

9,
882.00
7,568, 158.00
7,345, 406.00
12,789, 021.00
13.013, 149.00
14.014, 295.60
14,603, 038.00
14.899. 842.60
19.328, 910.00
22,460, 606.00
16,111 895.00
12,702. 342.60

127, 600.50
62, 001.00
476, 042. 00
722, 434.50
1,630, 201.60
1,090, 802.00
760, 601.60
764, 883.00
2,936, 682.60
417 358.50
l,56i: 279.50
1,429,749.00

7,601 824.00
3,530,972.00
8,033 964.00
13.323, 028.50
16,801, 119.00
16,322, 481.50
11,820, 131.00
21.387 616.00
16,303 092.60
12,304; 604.00
2,933; 124.60
6,268,775. 60

12,217,746.60
6,125,742.50
16,009,512.00
22,760,920.50
23,699,616.00
18,402,646.00
13,667,276.00
33,546,320.00
27,210,255.50
26,907.088.00
24.164.169.00
36,675,207.60

13,068, 369.00
11,223, 150.00
11,092, 355.60
15,990, 460.00
16,649, 275.60
17,909 793.00
18,626, 437.60
20,086, 274.60
26,272, 086.00
30,936, 971.00
25,857, 368.00
24,724, 136.00

161, 574.00
160, 059.00
660. 542.00
735, 960.60
1,726 106.00
1,162. 356.00
774, 406.50
793; 385.50
2,956; 830.50
496, 883.00
1,606, 241.50
1,542, 535.60

25,359, 489.00
20,102, 022.50
24,468, 637.00
30,493, 147.00
36,817, 381.50
35,147, 878.50
29,404, 309.50
42,071, 969.50
40,053, 308.50
35, 526,542.50
32,227, 102.00
42,635, 639.00

LIQUIDATION.

1895.
1896.
1897.
1898.
1899'1900.
1901.
1902.
1903.
1904.
1905.
1906 .
REDUCING

CIRCULATION.

1896
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906

:

:

i
'
'
;.....--!

AGGREGATE.
1895
1896
1897
1898
1899
1900.
1901.
1902.
19031904.
1906.
1906-

No.

I
'
i
!
i
1

77.—ExPEN,SES I N C U R R E D IN T H E R E D E M P T I O N O P N A T I O N A L - B A N K N O T E S , B Y
FISCAL YEARS, PROM 1895.

Fiscal year.
1895.
1896.
1897 .
1898.
1899.
1900.
1901.
1902 .
1903.
1904 .
1905.
1906.




Charges for
transportation.
$21,036.82
32,618.93
44,518.50
34,337.93
30,725.56
31,767.33
65,549.75
69,967.96
67,998.88
96,680.12
111,661.20
104,477.20

Salaries.
$76,411.97
77,766.54
77,977.62
87,183.64
87,161.01
86,986.30
87,066.10
87,426.26
99,802.67
114,540.80
126,237.63
136,066,02

Stationery,
printing, and Contingent
expenses.
binding.
$2,173.41
2,825.97
2,616. 92
3,387.11
1,966.34
3,561.94
2,859.26
4,621.61
4,693.88
6,065.20
7.506.28
6,790.10

$731.69
974.19
49.69
1,016.67
1,438.49
669.19
771.08
1,791.61
1,982.19
2,917.01
2,668.16
3,600.92

Total.
$100.352. 79
114,085.63
125,061. 73
125.924. 35
121,291.40
122,984.76
146,236.18
153,796.33
174,477.62
219,093.13
247,973.26
260,924.24

Rate of
expense
per $1,000.
$1.15
1.126.
1.0701
1.29646
1.34611
1.33668
.9966 .
.92444
.90262
.84716
.80993
.84628

223

TREASURER.
^o,

7 8 . — G E N E R A L C A S H ACCOUNT OF T H E N A T I O N A L - B A N K R E D E M P T I O N A G E N C Y FOR
T H E F I S C A L Y E A R 1906 A N D F R O M 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 "
•

$14,682,532.31
296,292,884.95
41,369.06
311,016,776.32

4.325.751,874.32

88,930, 700.00
209,285,962.60
267,451.50
1,117,285.60
268.95
1,685. 76
4,701.90
36.882.00
11,372,838.12

1,536,127,421.00
2,621,028,345.60
135,748,482.18
20,721,716.06
85,771.34
88,699.35
142,089.72
436.510.96
11,372,838.12

311,016,776.32

Total

4,325,224,768. 51
527,106.81

4,325,751,874.32

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 30,1906
'..
Total

No.

7 9 . — A V E R A G E AMOUNTS OP NATIONAL-BANK NOTES REDEEMABLE AND AMOUNTS
R E D E E M E D , B Y F I S C A L Y E A R S , F R O M 1895.

O u t of d e p o s i t s for r e t i r e ment.

O u t of 6 p e r c e n t f u n d .

Fiscal year.
Average
redeemable.
1896
1896
1897
1898
1899
1900
'
1901 . . .
1902
1903
1904
1906
1906 .

Redeemed.

Average
redeemable.

Redeemed,
fit for u s e .

Redeemed,
u n f i t for u s e .

$27,720,318
22,604,148
21,613,208
29, 679,023
32,023,249
36,424,466
31,268,712
35,966,721
43,179,711
38,920,347
32,798,435
38,019,161

$13,068,369
11,22a, 150
11,092,356
16,990,460
16,649,275
17,909,793
18,626,437
20,085,275
26,272,086
30,936,971
25,-857,368
24,724,136

$180,140,091
194,629,242
211,375,241
198,491,861
207,264,424
223,869,280
308,625,646
322,207.220
339.993.484
389,966.135
436,487,040
600,046,264

$35,056,620
46, 946,190
37,659,960
27,124,260
23,472,650
26,620,660
67,668,716
57,303,620
62,663,430
92,026,666
106,286,870
88,930,700

$40,094,640
43,866,376
69,014,688
64,868,166
60,530,828
49,006,446
71,432,232
89,646,746
104,604,266
136,444,406
174,417,383
184,561,828




Total •
redeemed.
$75,150,160
90,812,565
106,674,648
81,982,416
74,003 478
74,627,106
129,100 947
146,950,265
167,167 696
228,469,960
280,704,263
273,492,528

224
No.

REPORT ON T H E FINANCES.
SO.—PERCENTAGE OF OUTSTANDING NATIONAL-BANK NOTES REDEEMED
ASSORTED EACH FISCAL Y E A R FROM 1897, BY GEOGRAPHICAL DIVISIONS.
1897.

Maine
New Hampshire .
Vermont
Massachusetts ...
Boston
Rhode Island
Connecticut
NewEngland..
NewYork
NewYork City...
New Jersey
Pennsylvania
Philadelphia
Delaware
Maryland
Baltimore
Districtof Columbia .
Eastern.
Virginia
West Virginia
N o r t h C a r o l i n a -.
South Carolina - Georgia
Florida
Alabama
Mississippi
Louisiana
New Orleans.
Texas
Arkansas
. Kentucky
Tennessee . . . . . . .
Porto Rico'

1898.

1899.

1900.

1901.

1902.

1903.

1904.

1905.

49.13
52.64
61.48
58.76

48.43
61.71
56.20
56.87

40.86
43.41
46,81
48. 31

38.53
39.77
40.06
46.47

65.23 61.66
58.00 63.43
63.87 53.32
60.94 61.78

56.33
69.69
59.03
64.85

60.54
6L17

54.51
52.38

49.07
48.22

43.84
43.54

54.51
56.96

56.95
61.95

56.27
63.67

64.88
67.93
70.36
69.66
87.66
67.54
80.66

66.49
69.61
70.73
73.78
86.82
80.27
87.76

58.24

64.80

47.23

43.65

58.37

69.03

62.14

73.26

77.;

59.60

50.25

47.86

45,76

64.84

;.07

75.52
67.69

59." 88' 55.66
43.14 41.69

51.11
39.59

68.68
42.62

70.48
46.39

73.51
54.78

54.66
52.08

46.60
46.88

44.03
50.76

41.04
49.37

42.76
61.44

46.78
70.77

65.86
83.16

63.04

53.78

48.79

64.90

63.80

1.38

47. S

46.12

43.99

63.73

68.43

66.88

80.46

88.70

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
19.68

34.56
30.48
37.97
37.25
30.30
50.02
27.06
31.67
19.31

36.88
26.99
42.65
64.87
33.67
39.40
27.83
26.64
20.34

46.37
32.03
63.23
64.53
47.68
41.68
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
50.33
44.88
42.66
43.10
47.23
56.22

34.23
34.48
31.69
37.88

27.33
30.53
24.84
3L84

24; 02
27.88
22.30
27.80

27.67
26.67
23.04
23.40

31.96
28.19
25.15
31.89

36.01
38.57
3L60
34.10

36.81
34.86
36.68
35.06
6.75

53.26
51.69
64.64
62.29
58.56
49. 63
47.66
48.92
39.25
74.87
41.82
32.20
42.24
38.63
67. 25

69.85
60.39
69.24
77.37
60.88
56.80
64.16
51.10
41.99
64.28
48.24
40.27
48.19
46.02
66.90

41.25

^47. 66 64.64

29.36

28.60

36.34

32. 69

27.38

22.70

27,62

30.66
31.62

24.59
25.91

21.66
2L46

21.31
22.12

24.41
26.93

26.29
32.84

28.74
35.45

33.92
3L24
32.27
32.65
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
20.15

27.71
24.98
25.26
24.40
24.93

27.66
27.04
26.45
27.90
41.18

3L37
31.39
29.75
32.61
38.26

32.18

26.76

23.02

22.05

26.26

32.00

34.49
38.70
37.76
33.26
31.97
40.26
33.61
37.16
46.55
29.46

29.26
31.84
31.08
28.28
27.56
36.91
29.88
33.16
43.08
22.03

25.22
29.83
25. 67
25.12
25.10
32.90
23.66
27.86
34.11
20.66

24.59
25.42
23.26
22.17
26.56
22.95
23.56
25.12
20.38
21.41

23.37
28.30
24. 64
22.42
30.54
25.07
22.19
29.80
17.46
28.70

25.34
28.53
31.75
29.63
27.80
29.41
32.32
32.41
30.38
33.41

Southern.
Ohio
Cincinnati.
Indiana
Illinois
Chicago—
Michigan
Wisconsin
Minnesota
Iowa
Missouri
St. L o u i s . . MiddleNorth Dakota
South Dakota Nebraska
Kansas
Montana
W y o m i n g '.
Colorado
New Mexico
Oklahoma
Indian Territory.

69.24 74. 64
101.62 114.02
89.17 104.62
62.13 68.69
81.97 78.18
61.10 66.87
64.15 82.23
134.30 143.86
74.24 86; 77

41.75
62.43
35.88
35.60
56.69
34.42
30.70
34.43
35.62
28.83
51.68

46.16
63. .43
40.61
40.27
56.31
39.36
34.64
39.70
40.30
41.34
53.44

34.45

39.59

43.96

29.89
31.40
34.51
32.00
33.70
34.53
39.72
37.97
32.24
37.13

34.83
36.91
36.30
34.54
37.80
38.33
40.43
44.84
34.90
39.48

40.70
36.30
37.32
41.42
40.09
41.74
35.87
49.23
50.22
49.54

36.12

29.81

25.47

23.33

24.04

30.62

34.52

36.79

40.78

40.26
78.28
6L38

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
37.35

38.28
46.82
43.00

36.04
20.00
63.56
31.20

31.92
16.29
6L36
32.79

31.26
16.20
52.87
28.73
6.33

30.43
21.70
32.91
28.17
26.60

28.02
21.66
33.73
32.21
16.00
12.68

29.21
29.67
37.48
37.36
12.00
64.56

34.06
33.26
41.64
42.96
10.00
45.22

44.06
61.22
48.72
46.33
38.46
43.98
28.47
.49.65
18.40
139.99

47.03
67.48
62.13
45.20
42.27
40.64
46.03
48.40
26.80
96.57

Pacific .

48.41

33.18

27.12

34. 90 30.64

36.64

41.60

47.57

49.10

United States

50.23

43.44

46.82

51.68

60.52

65.84

Western
Washington
Oregon
California
SanFrancisco.
Idaho
Utah
Nevada
Arizona
Alaska
Hawaii




37.83 36.85

AND

225

TREASURER.
NOo § 1 . — A V E R A G E AMOUNT OF NATIONAL-BANK NOTES OUTSTANDING
REDEMPTIONS, BY FISCAL YEARS, PROM 1875.

Year.

Average.
outstanding.

Redemptions.
Amount.

Per cent.

$364,238,291 $156,520,880
344,483,798 209,038,856
321,828,139 242,885,376
' 320,626.047 213,161,458
324,244,286 157,666,646
339,630,923
61,685,676
346,314,471
69,650,269
369,736,050
76,089,327
359,868,624 102,699,677
347,746,363 126,152,672
327,022,283 160,209,129
314,816,970 130,296,607
293,742,052
87,689,687
.265,622,692
99,162,364
230,648.247
88,932; 059
196,248,499
70,266,947

1876
1876
1877
1878
1879
1880
1881
1882
1883
1884..
1885...
1886
1887
1888
1889
1890

43.90
60.68
76.47
66.48
48.62
18.13
17.22
21.16
28.63
36.27
46.^3
4L38
29.86
37.32
38.66
36.80

Average
outstanding.

Year.
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906

.- $176,911,373
172,113,311
174,765,356
205,322,-804
207,860,409
217,133,390
232,888,449
228,170,874
--- 239,287,673
260,293,746
339,884,267
858,173,941
383,173,195
428,886,482
468,285,476
638,066,425

AND THE

Redemptions.
Amount.

Per cent.

$67,460,619
69,626,046
76,845,225
105,330,844
86,709,133
108,260,978
113,673,776
97, 111, 687
90,838,301
96,982.608
147,486,678
171,869,268
196,429,621
262,141.930
308,298,760
296,292,886

38.34
40.46
43.40
6L30
41.71
49.86
48.76
42.66
37.96
37.26
43.39
47.98
6L26
6L12
66.84
56.07

N o . § 2 . — C H A N G E S DURING THE FISCAL Y E A R 1906 IN THE FORCE EMPLOYED IN
THE

TREASURER'S OFFICE.

Total force June 30,1906:
Regular roll
Detailed
Died
Resigned
Transferred from Treasurer's Office
Detailed from Treasurer's Office
Details discontinued

489
10
6
27
7
2
10>

•.

Appointed
Temporarily appointed
Reinstated
Transferred to Treasurer's Office
Detailed to Treasurer's Office

10
6
10
41
14

Total force June 30,1906
No.

:

499

61

80
29
528

§3.—APPROPRIATIONS M A D E FOR THE FORCE EMPLOYED IN THE TREASURER'S
OFFICE AND SALARIES P A I D DURING THE FISCAL Y E A R 1906.

Roll on which paid.

Appropriated.

Expended. Balance unexpended.

Regular roll
Reimbursable roll (force employed in redemption of natiohal
currency)

$410,710.00

$407,739.79

116,680.02

116.288.39

391.63

524. 028.18

3,361.84

Total




$2,970.21




REPORT OF THE DIRECTOR OF THE MINT.

TREASURY DEPARTMENT,
B U R E A U OF THE M I N T ,

Washington, D. C, Decemher 3, 1906,
SIR: I have the honor to submit herewith the thirty-fourth 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 ended
June 30, 1906, with such available statistics for the fiscal year as may
be valuable in connection therewith.
OPERATIONS OF THE YEAR.

The operations of the mints were reduced somewhat during the
last fiscal year, owing chiefly to the fact that there was no silver
bullion available for the usual supply of subsidiary silver coins. The
stock of bulhon accumulated under the act of July 14, 1890, was
exhausted and some question existed as to the authority of the Secretary of the Treasury to resume silver purchases. The force in the
Philadelphia mint was furloughed three months and the force of the
New Orleans mint four months.
The work of the San Francisco mint was interrupted by the catastrophe of April 18, 1906. The structure and its contents were saved
from the fire by intelligent and courageous work on the part of the
superintendent and employees, but as the fuel used for its melting,
annealing, and assaying operations was city gas, the destruction of
the gas works made a discontinuance of operations necessary. Moreover, the mint, by reason of the destruction of the subtreasury and
all of the banks of the city became the only financial institution able
to do business in the city and the agency through which all remittances to and from the city and disbursements within the city were
made. The mint became the depository and treasury for the relief
fund and its superintendent, Mr. Frank A. Leach, had riiany new
and very important responsibilities suddenly thrust upon him, all of
which were borne with fidelity and signal ability.
The most important development in the mint service during the
year was the opening of the new mint at Denver.
HISTORY OF THE DENVER MINT.

Gold was first discovered in what is now the State of Colorado in
1858, on the Platte River, near the city of Denver, then embraced
in the State of Kansas. Colorado was created a Territory by an act




227

228

REPORT ON T H E FINANCES,

of Congress approved February 28, 1861. The discovery of gold
in Colorado created much excitement and it was not long before
there was a rush for the new gold fields. Owing to the lack of transportation the only means of the outside world to reach there was
by wagon and stage across the plains. At times this was attended
by great hardships, on account of the hostilities of the Indians.
In 1859 placer mining was carried on with great activity, not only
on the Platte River, where gold was.first discovered, but in other
sections of the State. Mining was for some 3^ears confined exclusively to placer claims. Miners experienced considerable difficulty
in disposing of their product, which was on account of lack of transportation facilities and the want of a circulating medium, and they
were frequently compelled to dispose of their dust at a sacrifice.
From 1860 to 1862 there were three firms, namely, Clark, Gruber
& Co., John Parsons & Co., and John Conway & Co., who manufactured $5 and $10 gold pieces. Of these firms, Clark, Gruber & Co.
were the most prominent and did the largest coinage, the coinage
df the other firms being very limited.
The mint in Denver was established by an act of Congress approved
April 21, 1862. I t was exclusively for the coinage of gold and the
sum of $75,000 was appropriated to carry into effect the provisions
of the act to meet the expenses for the fiscal year 1863.
June 11, 1862, George W. Brown, Samuel E. Browne, district
attorney, and Samuel H. Elbert, secretary of the Territory, were
appointed by the Secretary of the Treasury as a committee to
inquire into the expediency of purchasing the lot, building, and
apparatus of Clark, Gruber & Co. for the branch mint of the United
States at Denver. Dr. Oscar D. Munson, formerly connected with
the mint at San Francisco, was authorized to confer with the committee. The committee reported in favor of the purchase of the
plant of Clark, Gruber & Co., fixing the value of the same at $25,000,
and on November 25, 1862, a formal offer was made by the Secretary of the Treasury to Clark, Gruber & Co. to purchase the plant for
the sum of $25,000, which was accepted. I t was found that the
ground upon which the building was located was preempted by Clark,
&ruber & Co., and they had not been able to perfect their title to the
same, for the reason that no land office had been established for that
district.
On March 3, 1863, the following resolution was passed by Congress, enabling the Secretary of the Treasury to obtain a title to
certain property in the city of Denver, for the purposes of the branch
mint located in said place:
Whereas the Secretary of the Treasury of the United States, in order to carry into
effect an act entitled "An act to establish a branch mint at Denver, in the Territory
of Colorado," approved April twenty-first, eighteen hundred and sixty-two, has purchased of Messrs Clarke, Gruber and Company, the preemptors and occupants thereof,
certain city lots in said town of Denver, together with all the valuable improvements
thereon;
And whereas t h e said Clarke, Gruber and Company have not, and can not at an
early day, perfect their title to said lots by entry of the same at the district land office,
for the sole reason that no such office is yet established in said district;
And whereas it is highly important for the interest of t h e Government to obtain
at an early date the use and possession of said property to establish and open said
mint: Therefore,
Resolved by. the Senate and House of Representatives of the United States of America
in Congress assemhled, That the Secretary of the Treasury be, and he is hereby.




DIRECTOR OF T H E M I N T .

229

authorized to receive and accept from said Clarke, Gruber and Company such relinquishments and conveyances of their right or claim to said lots and property as he,
the said Secretary, shall deem sufficient for the extinguishment of any claim, right,
or title which the said Clarke, Gruber and Company may or can have thereto. And
said lots and property shall thereafter be reserved from public sale,"preemption, or
homestead settlement, and shall remain the property of the United States. .

Title was finally obtained to the property in April, 1863, and
immediate steps were taken to equip the building, but the time
required to prepare the building, and to have machinery, apparatus,
etc., constructed in the East, transported to so distant a point, prevented the opening of the institution until the latter part of September, 1863.
. The operations of the mint were confined to the melting, refining,
assaying, and stamping of the bullion, and the return of the same^ to
the depositors in unparted bars, stamped with the weight and fineness. A superintendent, assayer, and coiner were appointed in
November, 1862, and a melter and refiner in December, 1862. The
institution continued on this basis until 1869, when Congress, on
the approval of the Secretary of the Treasury, provided that it
should be conducted as an assay office, with an assayer in charge
and a melter, the amount of bullion deposited not justifying its
continuance as a branch mint with a full corps of officers. Operations were confined to the melting and assaying of bullion and its
return to the depositors.
An act was passed February 20, 1895, providing for the establish-,
ment of a mint at Denver, Colo., for the coinage of gold and silver.
The bill making appropriations for legislative, executive, and
judicial expenses of the Government for the fiscal year 1896, approved
March 2, 1895, made provision for the purpose of a site and the commencement of a mint building at Denver, at a cost of $100,000, and
authorized the Secretary of the Treasury to contract for the completing of a building at a cost, including site, heating, ventilating,
fireproof vaults, etc., not exceeding $500,000. On April 22, 1896,
a site was purchased at a cost of $60,261.71. The original appropriation for the construction of the building was not sufficient, and
this was increased by additional appropriations to $800,228.01.
This amount has been further increased by providing that the amount
received for the sale of the old mint building, authorized by act of
June 30, 1906, shall be applied to the finishing of the new building.
The new building was occupied in 1904, but the coinage operations
were not commenced until February, 1906.
The amount appropriated for the equipment of the new building
with machinery was $345,055, of which amount $327,258.50 have
been expended.
"
"
DEPOSITS OF GOLD BULLION, FISCAL YEAR 1 9 0 6 .

The deposits of gold bullion at the mints and assay offices of the
United States during the fiscal year 1906, exclusive of the redeposits,
were of the value of $153,109,493.52, against $143,378,969.86 reported
the previous year. Redeposits, which consist of bullion transferred
from one office of the service to another or bars bearing the stamp of
one of the offices of the service, amounted to $33,779,481.74.
The aggregate of all deposits, including redeposits^ is the total of
H. Doc. 9, 59-2



16

230

REPORT ON T H E FINANCES.

metal operated upon in the year by the mint service. This total of
gold bullion received in the fiscal year 1906 was 10,045,282.710
standard ounces, of the value of $186,888,975.26, against 9,454,866.186 standard ounces, of the value of $175,904,480.45, reported
the previous year.
The deposits of domestic bullion amounted to 5,581,307.090 standard ounces, of which 1,670,693.036 standard ounces were in a crude
condition, direct from the miners operating in the different States;
863,354.120 standard ounces of refinery bars (less than 0.992 in
fineness) and 3,047,259.934 standard ounces of refined bullion (0.992
in fineness arid 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 81,393.153 standard ounces, of the coining value in new
coin of $1,514,291.19. Of this amount 39,626.023 standard ounces
were received over the counter, and 41,767.130 standard ounces were
received on transfers from the Treasury,
DEPOSITS OF FOREIGN GOLD BULLION.

Foreign gold bullion containing 1,952,085.304 standard ounces, of
the value of $36,317,864.38, was received, of which 784,451.271
standard ounces were unrefined and 1,167,634.034 standard ounces
were refined previous to its receipt at the mint.
Unrefined.
C o u n t r y of p r o d u c t i o n .

British Columbia.. .
Northwest Territory
O n t a r i o a n d Quebec
N o v a Scotia
Mexico
West Indies
Central America
South America.
England
Germany
S o u t h Africa
Australia
Other countries
Unknown
France
Total




•

Standard
ounces.
73,038.415
324,479.099
9,628.075
9,605.720
• 207,642.140
254.300
59,213.898
86,391.697
11,218.407
• 2,637.933
105.259
:..
101.363
24.886

no. 079

Value.

Refined.
Standard
ounces.

81,358,854.23
9,415.196
6,036,818.69
24.105
179,126.98
178,711.07
14,255.579
3,863,109.59
4,731.16
1,101,653.92
149.929
1,607,287.39
208,714'. 55 1,092,846.144
49,077.82
25, 734.950
1,958.31
1,885.82
462.99
2,047.98
25,208.131

784,451.271 0 14,594,440.50 1,167,634.034

Value.
$175,166.44
448.46
265,220.08
2,789.37
20,332,021.28
478,789.77

468,988.48
21,723,423.88

231'

DIRECTOR OF T H E M I N T .
DEPOSITS OF FOREIGN GOLD COIN.

Foreign gold coin, containing 358,357.501 standard ounces, of the
coining value in United States money of $6,648,511.63, was deposited.
Standard
ounces.

C o u n t r y of coinage.

Value.

Great B r i t a i n . . .
Russia
Japan
,
Mexico
Spain
Germany
Central America
South America..
Other
Unknown

176,370.269
7,513.231
16,093.117
1,028.515
9,951.103
120,960.132
2,679.516
86.194
2.155
22,673.269

$3,281,307.32
139,781.04
299,406.83
19,135.16
185,136.80
2,250,421.06
49,851.46
1,603.61
40.09
421,828.26

Total

357,357.501

6,648,511.63

DEPOSITS OF JEWELERS

BARS.

Jewelers', bars and old plate containing 257,492.523 standard
ounces, of the value of $4,790,558.31 were deposited.
REDEPOSITS OF GOLD BULLION.

The redeposits contained 1,815,647.138 standard ouncesof the
value of $33,779,481.74 , as shown by the following table:
Fine b a r s deposited a t Bars manufactured

atPhiladelphia.
S t a n d , ozs.

Philadelphia
New York
NewOrleans
St. Louis
Seattle

New York. New Orleans.
S t a n d , ozs.
209.779
1,108.450

S t a n d , ozs.
4.273

9,795.264
6,967.022

Total

16,762.286

1,318.229

Total.
S t a n d , ozs.
209.779
1,108.450
4.273
9,795.264
6,967.022

4.273

18,084.788

Mint bars deposited at
Philadelphia.
S t a n d , ozs.
541,937.245

541,937.245

U n p a r t e d b a r s deposited a t Bars manufactered
atPhiladelphia

Philadelphia . :
New York
Carson
Denver
Boise
Helena
Charlotte
'.
St. Louis
Deadwood
Seattle
Total...,

Stand, ozs.
19.042
12.582

San F r a n cisco.

Denver.

New
York.

Charlotte.

S t a n d , ozs. \Stand. ozs. S t a n d , ozs Stand, ozs Stand, ozs
1
1
1

31,866.341
43.681
39,917.117
121,647.864
11,631.365
2,125. 707
28,232.101
1,017,284.108
1,220,913.567

Helena.

2,429.819

1

29.730

329.420
40.449

15.779
31,866.341

2,429.819

45.509 j 329.420

40.449

Total.
Stand, ozs.
19.042
12.582
31,866.341
2,473.500
39,917.117
122,007.014
11,671.814
2,125. 707
28,232.101
1,017,299.887
1,255,625.105

DEPOSITS AND PURCHASES OF SILVER.

Silver is coined in the United States on Government account only.
Deposits of silver bullion are received by the mints and assay offices
to be returned to the depositors in fine or unparted bars with the




232

REPORT

ON

THE

FINANCES.

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 depositors are sold for use in the arts or exported.
The deposits and purchases of silver at the United States mints and
assay offices during the fiscal year 1906 were as follows:
standard
ounces.

Item.
Silver contained in gold deposits
For Philippine coinage
Uncurrent domestic coin
For return in fine bars~
For foreign coinage

625,099.64
1,376,054.26
1,063,270.40
5,551,206.28
835,900.00

. Total

9,451,530.58

Included in silver ^^for Philippine coinage'' is 1,375,758.10 standard
ounces uncurrent old Spanish coins received for recoinage.
UNCURRENT

DOMESTIC

SILVER

COINS FOR

RECOINAGE.

Uncurrent and mutilated domestic silver coins received for
recoinage contained 1,063,228.05 standard ounces of the value of
$1,322,834.27 in new subsidiary coin. Tn addition there were transferred from the Treasury 4,328.20 standard ounces of Hawaiian silver
coin of the value in new subsidiary coin of $5,385.
DEPOSITS OF F O R E I G N SILVER BULLION.
Unrefined buUion.
Country of production.

British Columbia...
Northwest Territory
Ontario and Quebec
Mexico
.' '.
Nova Scotia
Central America
South America
.
Other
Unknown
West Indies

Standard
ounces.

Total

13,518.02
78,539.00
19,538.21
2,430,603.78
856.07
68,330.22
35,039. 37
16. 58
951. 69
48.66

Standard
ounces.

S15,730.06
91,390.84
22,735.37
2,828,338.95
996.16
79,511.53
40,773.09
19. 29
1,107.42
56. 62

2,647,441.60

....

Refined bullion.

Coining
value.

3,080,659.33

Coining
value.

866,455.89

$1,008,239.59

866,455.89

1,008,239 59

DEPOSITS OF F O R E I G N SILVER COIN.
Standard
ounces.

Country of coinage.
Mexico
Spain.
South America. .^
Central America
Mixed
Total

. . .

Coining value.

5,418.28
1,376,325.95
15,304.11
78,692.26
23,137.73

$6,304.91
1,601,542.92
17,808.42
91,569.18
26,923 90

1,498,878.33

1,744,149.33

Jeweler's bars and odd plate containing 702,786.48 standard ounces
were deposited.




DIRECTOR OF T H E

233

MINT.

REDEPOSITS OF SILVER BULLION.

The redeposits of silver contained 535,433.70 standard ounces, as
follows-:
Fine b a r s deposited at—
B a r s manufactured at—

Philadelphia.

S t a n d , ozs.
29,460.66
74,110.65
103,571.31

• Mint b a r s
deposited a t
Philadelphia.

S t a n d , ozs.
59,174.51
76,546.80

32,150.00

Total

Total.

S t a n d , ozs.
• 29,713.85
2,436.15

Philadelphia
New York

New York.

135,721.31

S t a n d , ozs.
137,167.59
137,167.59

U n p a r t e d b a r s deposited a t Bars manufactured
at-

Philadelphia.
New York
Carson
Denver
Boise.
Helena
Charlotte
St. Louis ..
Deadwood
Seattle...

.

...

Total

Philadelphia.

San
Francisco.

New
York.

Denver.

Helena.

Charlotte.

S t a n d , ozs. S t a n d , ozi S t a n d , ozs S t a n d , ozs Stand.ozs S t a n d , ozs
0.21
3.02
5,653.49
388.28
2,772.18
19,247.39
113.21
22,329.45
119.15
• 1,293.92
6.83
459.77
15,979.06
182,940.07
6.13
. 242,641.17

5,653.49

125.28

2,772.18

113.21

6.83

Total.

S t a n d , ozs.
0.21
3.02
5,653.49
3,160.46
19,247.39
22,561.81
1,300.75
459.77
15,979.06
182,946.20
251,312.16

RECAPITULATION OF D E P O S I T S OF GOLD AND SILVER BULLION AND COIN AT THE
MINTS AND ASSAY OFFICES OF THE U N I T E D STATES, DURING THE FISCAL Y E A R
ENDED J U N E 30,
1906.
Gold.
Classification of d e p o s i t s .

Domestic:
Crude
Refinery b a r s
Refined
'.
Total domestic.
D o m e s t i c coin:
Purchased
Transferred
Trade dollars purchased
P h i l i p p i n e a s s a y coins
Foreign bullion:
Crude
.
Refi-ued
F o r e i g n coin
•'.
H a w a i i a n coin t r a n s f e r r e d
J e w e l e r s ' b a r s , old p l a t e , e t c
C o n t a i n e d in c o u n t e r f e i t coin
Total deposits
Redeposits:
Fine bars
Mint bars
Unparted bars
F i n e m e t a l for u s e in e l e c t r o l y t i c
refinery
Total redeposits.
Total operated upon




Standard
ounces.

Silver.
Value

Standard
ounces.

Coining
value.

1,670,693.036
863,354.120
3,047,259.934

$31,082,657.69
16,062,402.25
56,693,208.07

626,756.40
165,681 29
1,872,975.12

$729,316.48
192,792.77
2,179,461.95

5,581,307.090

103,838,268.01

2,665,412.81

3,101,571.20

39,626.023
41,767.130

737,228.31
777,062.88

4,041.39
1,058,942.20
244.46
2,958.59

4,702.70
1,232,223.65
284.46
3,442.72

784,451.271
1,167,634.034
357,357.501

14,594,440.50
21,723,423.88
6,648,511.63

257,492.523

4,790,558.31

2,647,441.60
866,455.89
1,498,878.33
4,328.20
702,786.48
40.63

3,080,659.33
1,008,239.59
1,744,149.33
5,036,45
817,787.92
47.28

8,229,635.572

153,109,493.52

9,451,530.58

10,998,144.63

17,875.009
541,937.245
1,255,625.105

332,558.31
10,082,553.44
23,360,467.12

135,638.16
137,167.59
251,026.70.

157,833.48
159,613.19
292,102.63

209.779

3,902.87

. 11,602.25

13,500.80

1,815,647.138

33,779,481.74

535,434.70

623,050.10

10,045,282.710

186,888,975.26

9,986,965.28

11,621,194.73

234

REPORT ON THE FINANCES.

DEPOSITS OF GOLD AT U N I T E D STATES MINTS AND ASSAY OFFICES SINCE
Fiscal
year ended
J u n e 30—
1873
1874
1875
1876..
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904.1905
1906

Cha-racter of gold d e p o s i t e d .
Domestic
bullion.

Domestic
coin.

Foreign
bullion.

$426,107.44
$28,868,569.78 $27,116,948.27
29,736,387.82
6,275,367.29
3,162,519.92
34,266,124.52
1,714,311.50
739,439.66
37,590,529.39
417,947.15
1,141,905.76
43,478,103.93
447,339.68
1,931,163.12
48,075,123.76
301,021.79
2,068,679.05
38,549,705.89
198,083.17
1,069,796.80
35,821,705.40
209,328.82 21,200,997.23
35,815,036.55
440,776.97 37,771,472.26
31,298,511.97
: 599,356.80 12,783,807.04
32,481,642.38
374,129.23
4,727,143.22
29,079,596.33
263,117.17
6,023,734.45
31,584,436.64
325,210.97 11,221,846.45
32,456,493.64 .
393,545.28
4,317,068.27
32,973,027.41
516,984.63 22,571,328.70
32,406,306.59
492,512.60 21,741,042.44
31,440,778.93
585,066.87
2,136,516.66
30,474,900.25
655,474.96
2,691,932.29
31,555,116.85
583,847.16
4,054,822.86
31,961,546.11
557,967.86 10,935,154.69
33,286,167.94
792,470.43
2,247,730.78
• 38,696,951.40
2,093,615.46 15,614,118.19
44,371,949.83
1,188,258.21 14,108,435.74
53,910,957.02
1,670,005.53
6,572,390.14
60,618,239.77
1,015,314.39
9,371,521.03
69,881,120.57
1,187,682.99 26,477,370.06
76,252,487.2cl
1,158,307.57 30,336,559.47
87,458,836.23
1,389,096.68 22,720,150.22
92,929,695.80
1,116,179.86 27,189,659.12
94,622,078.39
1,488,448.16 18,189,416.90
96,514,298.12
960,907.95 16,331,058.92
87,745,626.63
2,159,818.57 36,802,224.39
101,618,315.38
3,404,966.63 17,645,526.82
103,838,268.01
1,514,291.19 36,317,864.38

T o t a l . 1,721,658,636.52
DEPOSITS

1873.

OF

SILVER

F o r e i g n coin.

Jewelers'
b a r s , old
plate, etc.

$518,542.14
9,313,882.47
1,111,792.26
2, n i , 083.80
2,093,260.73
1,316,461.09
l,49cS,819.71
40,426,559.63
55,462,385.74
20,304,810.78
6,906,083.80
9,095,461.45
7,893,217.77
5,673,565.04
9,896,512.28
14,596,885.03
4,447,475:99
5,298,773.93
8,256,303.80
14,040,187.70
6,293,296.33
12,386,406.81
2,278,614.07
3,227,409.06
13,188,013.86
47,210,077.84
32,785,152.48
18,834,495.53
27,906,489.13
13,996,162.21
8,950,595.28
46,152,783.87
15,141,678.08
6,648,511.63

$774,218.25
654,353.56
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
3,526,597.31
3,542,013.83
4,035,710.15
3,636,603.68
3,830,176.02
3,118,421.45
3,213,809.43
3,388,622.06
2,810,248.66
2,936,943.37
2,964,683.90
3,517,540.93
3,959,056.64
4,284,724.22
4,247,582.64
4,892,930.88
5,568,482.95
4,790,558.31

Total.

$57,704,385.88
49,142,511.06
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
01,131,460.04
46,449,841.50
71,909,513.31
65,161,067.28
68,769,383.81
87,003,337.71
147,693,194.83
143,497,190.05
133,920,119.59
153,101,680.61
132,580,829.88
127,004.442.91
177,753,384.34
143,378,969.86
153,109,493.52

63,607,701.79 452,640,504.56 475,261,751.32 90,989,308.80 2,804,157,003.05
AT U N I T E D

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 .
Fiscalyear
e n d e d J u n e 30—

1885..
1886
1887
1888.
1889
1890. . .
1891
1892. . .
1893
1894
1895
1896
1897
1898
1899
1900. . .
1901
1902
1903
1904
1905
1906

Domestic
bullion.

Domestic
coin.

Foreign
bullion.

Foreign
coin.

Jewelers'
b a r s , old
plate, etc.

F i n e ounces. F i n e ounces. F i n e ounces. F i n e ounces. F i n e
1,627,619
867,856
24,943,394
678,741
25,101,639
1,145,017
628,545
216,015
29,293,372
1,127,213
271,166
5,848,585
28,921,649
1,290.390
67,549
1,202,177
29,606,387
1,063,900
328,276
394,346
29,187.135
1,852,155
951,162
466,302
50,667,116
1,767,908
1,970,912
637,652
56,817,548
1,556,618
340,6.52
5,036,246
56,976,082
1,738.711
505,171
5,346,912
15,296,815
994;901
422,725
5,012,060
6,809,626
1,362,141
15,291
3,015,905
4,420,770
680,757
150,942
3,170 768
3,914,985
626,085
101,157
2,208;953
2,116,690
209,987
6,808
1,243.050
5,584,912
716,077
19,382
6,060,986
4,977,978
1,088,019
44,704
3,587,992
2,466,749
1,306,149
4,250,196
2,613,570
1,425,060
1,152,023
29,265
2,275,090
12,523,630
1,110,463
21,869
a2,511,911
9,991,187
1,361,701
c4,039,100
b2,072,397
4,923,655
1,906,41.0
e 7,796,761
d1,337,242
2,398,871
3,165,170
ff1,348,991
/960,801

Total.......




408,365,250

55,897,700

28,849,414

24,187,480

Total.

ounces. F i n e ounces.
336,981
28,454,591
361,316
27,452,532
396,656
36,936,902
485,190
31,966,955
502,223
31,895,132
526,270
32,983,024
633,073
55,676,661
572,661
64,332,725
582,728
65,149,604
467,958
22,195,359
580,125
11,783,088
604,386
9,027,623
473,755
7,324,935
249,468
3,826,003
484,751
12,866,108
557,831
10,256,524
567,647
11,204,311
575,430
5,456,868
627,108
16,794,981
652,015
18,116,400
739,310
16,703,378
632;544
8,506,377

11,609,426

528,910.171
•

a Includes 461,686fijieounces Hawaiian coin.
& Includes 148,788fineounces Hawaiian coin.
c Includes 6,901fineounces Philippine special assay coins.
d Includes 3,647fineounces Hawaiian coin.
e Includes 3,456fineounces Philippine special assay coins.
/Includes 3,895fineounces Hawaiian coin.
g Includes 2,663fineounces Philippine special assay coins;

DIRECTOR OF T H E M I N T .

235

COINAGE OF THE U N I T E D STATES, FISCAL Y E A R

Pieces.

Denomination.
Gold:
Double eagles..
Eagles
Half eagles
Quarter eagles

1906.

,

Value.

1,495,035
1, 494,795
1,559,435
142,509

1,621,700
4,422,700
20,998,431

•

:

Total
Minor:
Five cents
One cent

. . . .

Total

810,850. 00
1,105,675. 00
2,099,843.10
4,016,368.10

46,047,950
89,588, 480

\

53,002,097.50

27,042,831

Total
Silver:
Half dollars.
Quarter dollars
Dimes

$29,900,700. 00
14,947,950.00
7,797,175.00
356,272. 50

4,691,774

:

2,302,397. 50
895,884. 80

135,636, 430

Total coinage

3,198,282. 30

167,371,035

..

60,216,747.90

The mint at Philadelphia coined for the Government of Mexico
1,000,000 gold ten-peso pieces and 3,000,000 gold five-peso pieces;
for Costa Rica, 300,000 silver ten-centimo pieces and 400,000 silver
five-centimo pieces; for Panama, 1,000,000 silver half-balboa pieces.
In addition to the above the mints at Philadelphia and San Francisco coined for the Philippines the following:
Philadelphia.

Denomination.
Silver:
Pesos
50 centavos
20 centavos
10 centavos
Nickel:
5 centavos . .
Bronze:
1 centavo
^ centavo

.
...

Pieces.
629
629
629
629

San
Francisco.
Pieces.
1,557,000

Total.
Pieces.
1,557,629
629
629
629

626

626

626
626

626
• 626

4,394

Total

1,557,000

1,561,394

The Philippine coinage made by the mints of the United States
from date of the act of March 3, 1903, authority for this coinage, to
June 30, 1906, is as follows:
•
'
Denomination.
Silver:
Pesos
50 centavos
20 centavos
10 centavos
Nickel:
5 centavos
Bronze:
1centavo
^ centavo
Total

-

Philadelphia.
Pieces.
2,806,358
3,116,518
5,367,688
5,117,557

San
Francisco.
Pieces.
24,158,000
3,012,000
2,630,000
6,240,000

Total.
Pieces.
26,964,358
6,128,518
7,997,688
11,357,557

9,999,884

9,999,884

37,845,284
17,752,884

37,845,284
17,752,884

82,006,173

36,040,000

118,046,173

Of the subsidiary coinage made during the year $3,156,097.10 were
from bullion received from the Treasury for recoinage and $860,271
from silver bullion purchased under the provision of section 3526 of
the Revised Statutes.



236

REPORT ON THE

FINANCES.

The loss on the recoinage of $1,528,553 in worn and uncurrent gold
coins was $14,261.81, and the net loss on the recoinage of $1,414,963.90
in worn and uncurrent silver coins was $92,129.63, for which the
Treasury of the United States was reimbursed from the appropriation
.for that purpose. On the transfer from the Treasur}^ of $5,311.75 in
Hawaiian coin there was a gaiii of $73.25..
COINAGE OF GOLD AND SILVER AT THE MINTS OF THE U N I T E D STATES SINCE
BY FISCAL Y E A R .
Silver

Gold.
Fiscal year.
F i n e ounces.
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882.
1883.
1884
1885
1886
1887
1888
1889
1890.
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903 . .
1904
1905
1906

F i n e ounces
consumed.

Value.

D o l l a r s coined.

. . . . .

•
. . . .

Total

1,705,187 $35,249,337.00
2,440,165
50, 442,690.00
1,623,173
33,553,965.00
1,846,907
38,178,963.00
2,132,283
44,078,199.00
2,554,151
52,798,980.00
1,982,742
40,986,912.00
2,716,630
56,157,735.00
3,808,751
78,733,864.00
4,325,375
89, 413,447.00
1,738, 449
35,936,928.00
1,351,250
27,932,824.00
1,202,657
24,861,123.00
1,648, 493
34,077,380.00
1,083,275
22,393,279.00
1,372,117
28,364,171.00
1,235,687
25,543, 910.00
1,065,302
22,021,748.00
1,169,330
24,172,203.00
1,717,650
35,506,987.00
1,453,095
30,038,140.00
4,812,099
99,474,913.00
2,125,282
43,933,475.00
2,848,247
58,878,490.00
3,465,909
71,646,705.00
3,126,712
64,634,865.00
5,233,071
5,221,458 108,177,180.00
4,792,304 107,937,110.00
99,065; 715.00
2,998,313
61,980,572.00
2,211,791
• 45,721,773.00
10,091,929
3,869,211 208,618,642.00
79,983; 692.00
2, 563,976
53,002,097.50

2,179,833
4,558, 526
7,650,005
14,228,851
21,239,880
21,623,702
21,059,040
21,611,294
21,383,920
21, 488,148
22,266,171
22,220,702
22,296,827
23,211,226
26,525,276
26,331,176
26,659, 493
28,430,092
29,498,927
11,259,863
9,353,787
4,358,299
6,810,196
8,651,384
18,659,623
12, 426,024
20,966,979
23, 464,817
26,726, 641
22,756,781
19,705,162
13,396,894
6,600,068

93,532,971 1,933,498,014. 50

-.

589,599,613

RECOINAGE

1873,

OF STANDARD SILVER

$977,150
3,588,900
5,697, 500
6,132,050
9,162,900
19,951, 510
27,227, 500
27,933,750
27,637,955
27,772,075
28, 111, 119
28,099, 930
28,528, 552
29,838,905
33,266,831
32,718,673
33, 793, 860
35,923,816
36,232,802 .
8,329, 467
5,343,715
758
3,956,011
7,500,822
21,203,701
10,002,780
18,254,709
18,294,984
24,298,850
19,402,800
17,972,785
10,101,650
310

607,259,120

Subsidiary
coined.
$1,968,645. 50
2,394,701. 39
4,372, 868.00
12,994, 452. 50
19,387,035. 00
8,339,3n. 50
382. 50
8,687. 50
12, OIL 75
11,313. 75
724, 351.15
673, 457. 80
320, 407. 65
183, 442. 95
1,099, 652. 75
1, 417, 422. 25
721, 686. 40
892, 020. 70
2,039,218.35
. 6,659, 811. 60
7,217, 220. 90
6,024, 140. 30
5,113, 469. 60
3,939, 819. 20
3,124, 085. 65
6, 482, 804. 00
9, 466, 877. 65
12,876, 849.15
10,966, 648. 50
10,713, 569. 45
8,023, 751. 25
7,719, 231. 00
9,123, 660. 60
4,016, 368. 10
169,029,376. 34

DOLLARS.

There were purchased .as bullion 909 mutilated silver dollars during
the fiscal year 1906, which were for use in the manufacture of subsidiary silver coins.
Mutilated and uncurrent silver dollars- received and melted at the
mints and at the assay offices since 1883:
Fiscal y e a r .

Fiscal y e a r .

Amount.

Amount.

•

1883 .
1884
1885
1886
1887
.
1888.1889
1890
1891
1892
1893
1894
1895

.

. . .

$621

:
. . .
:•
. . .




1,850

. . .

8,292
14,055
31,042
11,977
10,800
42,881
10,500
15,055
18,580

1896 . .
1897
1898
1899
1900
1901..
1902
1903
1904
1905
1906
Total

$2,034
1,898
1,365
1,734
1,341
1,786
1,893
1,777
1,304
2,298
909
183,992

237

DIRECTOR OF T H E M I N T .
RECOINAGE OF UNCURRENT COIN.

The following table shows the face value of abraded subsidiary coin
transferred for recoinage, the amount of new coin made therefrom,
and the loss since 1891:
Loss.

$910,046.69
7,118,602.78
7,618,198.25
7,184,472.17
4;361,761.36
4,627,141.46
3,197,998.50
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
1,964,476.11
1,414,963.90

$861,680.41
6,937,886.02
7,381,289.58
6,924,753.05
4,161,820.73
4,377,258.40.
3,048,861.64
5,820,159.16
8,098,485.18
4,950,088.96
3,613,021.59
3,141,548.04
2,829,890.71
2,656,104.21
1,839,219.24
1,322,834.27

$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
125,256.87
92,129.63

71,355,658.78

1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906

N e w coin.

67,964,901.19

3,390,757.59

Face value.

Fiscal year.

. . .

.°.
Total..

•
The results of recoinage of Hawaiian silver coin to June 30, 1906,
has been as follows:
•Fiscal y e a r .

1903
1904
1905
1906

Coming
value in
United States
subsidiary
coin.

Face value.

Gain.

$619,000.00
199,312.75
5,000.00
5,311.75

Total...:

$638,239.00 $19,239.00
205,685.75
6,373.00
5,042.00
42.00
73.25
. 5,385.00

828,624.50

.

854,351.75, 25,727.25

BARS MANUFACTURED.

During the fiscal year 1906 there were manufactured by the mints
and assay ofiices of the United States gold and silver bars of the
value of $124,795,691.44.
Description.
Gold
Silver

»
Total.

Standard
ounces.
6,312,169.266
6,324,990.86

Value.
$117,435,702.12
7,359,989.32
124,795,691.44

.

,
Tables will be found in the appendix showing in detail the character of bars manufactured at each institution during the year.
WORK OF THE GOVERNMENT REFINERIES.

There were received and operated upon by the refineries connected
with the mints at Philadelphia, San Francisco, New Orleans, and
Denver and the assay ofiice at New York, during the fiscal year 1906,




238

REPORT ON T H E FINANCES.

gold bullion containing 3,820,944.542 standard ounces, and silver
bullion containing 8,724,887.16 standard ounces, of the total coining
value of $81,239,936.27, as shown by the following table:
Silver.

Gold.
Institution.

Standard
ounces.

Philadelphia
San Francisco
New Orleans
Denver
New York
Total

. .

Value.

1,452,311.443 $27,019,747.78
363,205.108
6,757,304.33
50,031.392
930,816.60
1,085,732.899 20,199,681.84
- 869,663. 700 16,179, 789.77

3,007,583.53
1,755,669.66
117,455.13
28,480.94
•. 3,815,697.90

71,087,340.32

8,724,887.16

:

3,820,944.542

Coining
value

Standard,
ounces.
•

$3,499,733.56
2,042,961.06
136,675.05
33,141.45
4,440,084.83
10,152,595.95

SILVER BULLION ON WHICH CHARGES WERE 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: •
Philadelphia.

SUver bullion refined.

Bullion on which charges were collected
.
Silver owned by the Government returned by the refinery for
parting jDurposes, on which there were no charges

Stand, oz.
1,428,653.73

Stand, oz.
1,154,624.88

New Orleans.
Stand, oz.
33,859.15

Bullion on which charges were collected
Silver owned by the Government returned by the refinery
for parting purposes, on which there were no charges
•

-

..

-

.

601,044.78

83,595.98

1,755,669.66

117,455.13

New York.

Silver bullion refined.

1,578,929.80
3,007, 583..53

Total

Total

San Francisco.

Denver.

Stand, oz.
3,385,517.52

Stand, oz.
17,981.19

Stand, oz.
6,020,636.47

657,650.80

10,499.75

2,931,721.11

4,043,168.32

28,480.94

8,952,357.58

Total.

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.
PURCHASE OF SILVER.

The following table shows the amount and cost of silver bullion
purchased for the subsidiary silver coinage 'during the fiscal year
1906:
SILVER P U R C H A S E S . F O R SUBSIDIARY COINAGE DURING THE FISCAL Y E A R ,

stock.
Partings, charges and fractions purchased
Philippine Islands assay coins purchased.
Melted assay coins purchased
Mutilated coins purchased
Surplus bullion purchased
Total




:.-.

Standard
ounces.
689,512.79
2,845.23
196.03
3,287. 55
19,216.21
715,057.81

1906.
Cost.

$373,815.82
1,424.96
243.90
1,877.46
10,702.07
388,064.21 .

2-39

DIEECTOE OP T H E M I N T .

QUANTITY AND COST OF SILVER PURCHASED FOR SUBSIDIARY COINAGE AT EACH
M I N T AND AT THE ASSAY OFFICE, N E W Y O R K , DURING THE FISAL Y E A R , 1906.
Standard
ounces.

Institution.

Cost.

275,625.05
82,866.67
12,112.57
137,763.99
206,699. 53

Total

$146,656.10
45,589.20
6,722. 82
74,448. 46
114,647.63

715,057.81

Mint at Philadelphia
Mint at SanFrancisco
Mint at New Orleans.-....
Mint at Denver
Assay office at New York

388,064.21

QUANTITY AND COST OF SILVER OBTAINED BY T R A N S F E R AND PURCHASE FOR S U B SIDIARY SILVER COINAGE, AMOUNT AND COST U S E D IN COINAGE, COINAGE
D E R I V E D T H E R E F R O M , AND SEIGNIORAGE ON SAME DURING THE FISCAL Y E A R ,

1906.

Sources from which bullion
was obtained.

Obtained b y transfer
and purchase.

U s e d i n coinage.
Coiuage.

Standard
ounces.

Cost.

Standard
ounces.

Seigniorage.

Cost.

M I N T AT P H I L A D E L P H I A .

Silver bullion o n h a n d J u l y
1 1905
U n c u r r e n t coins t r a n s f e r red from T r e a s u r y
A m o u n t silver p u r c h a s e
bullion t r a n s f e r r e d from
N e w Y o r k a s s a y office....
A m o u n t silver p u r c h a s e
bullion t r a n s f e r r e d from
San Francisco mint . .
P a r t i n g s , c h a r g e s a n d fractions purchased
Melted a s s a y coins p u r chased .
M u t i l a t e d coins p u r c h a s e d . .
S u r p l u s bullion p u r c h a s e d . .

679,241.95

$487,670.07

811,121.71 l , 0 0 9 , m . 6 5
137,167.59

992,709.29 $1,285,097.10 $1,235,097.10

61,657.95

2,845.23

1,424.96

260,795. 72

138,002.27

196.03
2,270.00
9,518,07

243.90
1,274.13
5,710.84

315,287. 83 .164,032.90

392,271.00 $228,238.10

1,903,156.30 1,705,155. 77 1,307,997.12 1,449,130.00 1,627,368.10

Total

228,238.10

U s e d in coinage, fiscal y e a r
1,307,997.12 1,399,130.00
1906
A m o u n t of s u b s i d i a r y p u r c h a s e bullion t r a n s f e r r e d
5,878. 75
11,232.66
to Denver
A m o u n t of s u b s i d i a r y p u r chase bullion transferred
195.09
t o N e w Y o r k a s s a y office.
369.59
1,906.84
996. 88
Sold in sweeps
W a s t e d b y o p e r a t i v e ofli2,073.56
1,065.76
cers
B a l a n c e o n h a n d J u n e 30,
297,889.29
579,576.53
1906
1,903,156.30 1,705,155.77

Total
M I N T AT SAN F R A N C I S C O .

Silver bullion o n h a n d J u l y
1 1906
Uncurrent
coins
transferred from T r e a s u r y
I-Iawaiian coins redeemed

2,093,566.12 1,610,257.24
37,423.46

46,56L07

4,328.20

Total

-

U s e d in coinage, fiscal y e a r
1906
Amount
transferred
to
United States Mint a t
Philadelphia

41,709.52
533. 74
3,345.94

967,000.00

967,000.00

376,155.00

188,476.16

468,000.00 279,523.84

5,311.75

75,325.41
893. 51
6,647.75

P a r t i n g s , c h a r g e s a n d fractions purchased
M u t i l a t e d coins p u r c h a s e d . .
S u r p l u s bullion p u r c h a s e d . .

777,226.25

2,218,184.45 1,707,719.26 1,153,381 25 1,155,476.16 1,435,000.00
1,153,38L25 1,155,476.16




2,845.23

1,424.96

279,523.84

240

REPORT ON T H E FINANCES.

QUANTITY AND COST OF SILVER

OBTAINED

BY TRANSFER

AND PURCHASE FOR

SUBSIDIARY SILVER COINAGE, ETC.—Continued.

Sources from w h i c h bullion
was obtained.

Obtained by trausfer
and purchase.
o

Used i n coinage.
Coinge.

Standard
ounces.

Cost..

Standard
ounces.

Seigniorage.

Cost.

M I N T AT SAN F R A N C I S C O —

conuinued.
Sold t in sweens
Was ed
by
operative
officers
B a l a n c e o n h a n d J u n e 30,
1906
Total

5,640.01

$2,822.96

1,038.25

522. 20

1,055,279.71

547,472. 98

2,218,184.45 1,707,719.26

M I N T AT N E W O R L E A N S .

Silver b u l h o n o n h a n d J u l y
1, 1905
Uncurrent
coins
transferred from T r e a s u i y
P a r t i n g s , c h a r g e s a n d fractions purchased
M u t i l a t e d coins p u r c h a s e d . .
Surplus bulhon purchased..
Total
U s e d in coinage, fiscal y e a r
1906
Sold in sweeps
Wasted
by
operative
officers
B a l a n c e o n h a n d J u n e 30,
1906
Total

620,287.23

766,08L48

67,693.21

84,22L72

11,471.21
121. 50
519. 86

6,376.38
68.14
278. 30

700,093.01

857,026.02

630,943.75
1,596.62

785,000.00
859.19

694. 66

177,547.53

785,000.00

135,833.75

169,000.00

169,000.00

135,833.75

169,000.00

169,000.00

857,026.02

142,703.82

785,000.00

70,794.79

700,093.01

630,943.75

372. 04

66,857.98

630,943.75 $785,000.00 $785,000.00

M I N T AT D E N V E R .

U n c u r r e n t coins t r a n s ferred from T r e a s u r y
S u b s i d i a r y p u r c h a s e silver
t r a n s f e r r e d from m i n t a t
Philadelphia
P a r t i n g s , c h a r g e s , a n d fractions purchased
M u t i l a t e d coins p u r c h a s e d . .
S u r p l u s bullion p u r c h a s e d . .
Total
U s e d in coinage, fiscal y e a r
1906
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,
1906
Total

11,232.66

5,878.75

135,220.92
2.54
2,530.53

73,080.02
1.45
1,366.99

291,690.47

257,874.74

135,833.75
61.70

169,000.00
33.27

155,795.02

88,841.47

291,690.47

257,874.74

SUMMARY.

Silver bullion on h a n d J u l y
1,1905
U n c u r r e n t coins t r a n s ferred from T r e a s u r y
Silver p u r c h a s e bullion
t r a n s f e r r e d from N e w
Y o r k a s s a y office t o P h i l adelphia m i n t . .
... .
Silver p u r c h a s e bullion
transferred f r o m S a n
Francisco mint t o Philadelphia m i n t
S u b s i d i a r y silver p u r c h a s e
bullion t r a n s f e r r e d from
Philadelphia
mint
to
Denver mint
H a w a i i a n coins redeemed
a n d recoined
P a r t i n g s , c h a r g e s , a n d fractions purchased




3,393,095.30 2,864,008.79
1,058,942.20 1,317,501.97 2,536,713.04 3,156,097.10 3,156,097.10

137,167.59

61,657.95

2,845.23

1,424.96

11,232.66

5,878.75

4,328.20

5.311.7.'^

482,813.26

259,168.19

691,442.83

352,509.06

860,271.00 $507,761.94

241

DIKECTOB OF T H B M I N T .

QUANTITY AND COST OF SILVER OBTAINED BY T R A N S F E R AND PURCHASE FOR S U B SIDIARY SILVER .COINAGE, ETC.—Continued.

Sources from which bullion
was obtained.

Obtained by transfer
and purchase.

•

Used in coinage.

Coinage.
Standard
ounces.

Cost.

Standard
ounces.

Cost.

Seignioragi.

SUMMARY—continued.
Melted assay coins purchased
Mutilated coins purchased.
Surplus bullion purchased..
Total

196.03
3,287.55
19,216.21

$243.90
1,877.46
10.702. 07

5,113,124.231 4.527. 775. 79 3,228,155.87 $3,508,606.16!«4 mfi .-^fis in $507,761.94

Used in coinage, fiscal year
1906
3,228,155.87 3,508,606.16
Subsidiary purchase bullion transferred
from
Philadelphia mint to
Denver mint
11,232.66
5,878.75
Subsidiary purchase bullion transferred
from
Philadelphia mint to New
York assay office.. .
195.09
369.59
Subsidiary silver purchase
bullion transferred from
San Francisco mint to
Philadelphia mint
2,845.23
1,424.96
Sold in sweeps
9,143.47
4,679.03
3,868.17
1,993.27
Wasted by operative officers
Balance on hand June 30,
1906
.
1,857,509.24 1,004,998.53
Total

5,113,124.23 4,527,775.79

BALANCE OF SILVER BULLION.

The balances of silver bullion on hand June 30, 1906, at the mints
and assay offices of the United States for the coinage of subsidiary
silver, coinage for Philippine Islands, and for payment of deposits
of silver bullion in fine bars were as follows:
Item.

Standard
ounces.

Cost.

For subsidiary silver coinage
Held at United States assay office. New York, for paymentof deposits
in fine bars
'.

2,677,215.95
32,434.09

32,434.09

Total
Silver bullion for Philippine coinage

2,709,650.04
32,582.02

1,463,761.14
18,708.78

2,742,232.06

1,482,469.92

Grand total

. • '.

$1,431,327.05

MARKET PRICE OF SILVER DURING THE FISCAL YEAR 1 9 0 6 .

The price of silver 0.925 fine (British standard), in London, for the
twelve months ended June 30, 1905, ranged from 26Jd. (July, 1905)
to 31|d. (May, 1906), the average price for the year being 29.4298d.
At the lowest price, the equivalent for a fine ounce in New York with
exchange at par was 58.958 cents; at the highest 68.777 and at the
average for the year 64.513 cents.




242

REPORT ON T H E

FINANCES.

The following table exhibits the monthly

fluctuations:

H I G H E S T , LOWEST, AND AVERAGE P R I C E OF SILVER BULLION AND V A L U E OF A F I N E
OUNCE, EACH MONTH D U R I N G THE FISCAL Y E A R
1906.

Highest.

Month.

1905.
July
August
September.:
October
November
December

Lowest.

Pence. Pence.

Average
price p e r
ounce,
British
standard
(0.925).

Average
monthly
price a t
New York
of exc h a n g e on
London.

Equivalent
v a l u e of a
fine ounce
w i t h exchange a t
par
($4.8665).

Equivalent
v a l u e of a
fine ounce
b a s e d on
average
monthly
price a n d
average rate
of e x c h a n g e .

Average
monthly
New Y o r k
price of
fine b a r
silver.

28if

2m
30^,
,30^

1906.
January
February
March ..
April
May
.lune

30 J
30i
3l|

Average

ii
i
for
29
291

Pence.
27.1634
27.8009
28.5240
28.6370
29.4600
29.9825

$0.59545
.60942
.62527
.62775
.64579
.65725

$4.8678
4.8663
4.8552
4.8619
4.8638
4.8588

$0.59561
.61020
.62402
.62717
.64550
.65620

$0.59548
.60935
.62355
.62625
.64445
.65520

30.1111
30.4635
29.8564
29.9750
30.9O76
30.2163

.66007
, .66779
.65449
.65708
.67884
.66237

* 4.8672
4.8682
4.8560
. 4 8474
4.8512
4.8551

.66016
.66821
.65449
.654.50
.67670
.66081

.65935
.66724
.65199
.b5360
.67601
65836

29.4298

if

.64513

4.8599

.64446

64340

DISTRIBUTION

OF SILVER

DOLLARS.

The number of silver dollars distributed from the mints during the
fiscal year 1906 was 837,293, against 815,479 for the previous year,
an increase in the distribution of these pieces of 21,814 during the
year.
The number of dollars on hand June 30, 1905 and 1906, and.the
distribution from each mint during the year was as follows:
DISTRIBUTION OF SILVER DOLLARS FROM THE MINTS, FISCAL Y E A R
Items.

Philadelphia.

San F r a n cisco.

New O r l e a n s .

1906.
Total.

$107,298; 954

T r a n s f e r r e d from m i n t s t o s u b t r e a s u r i e s . . .
I n m i n t s J u n e 30, 1906
Total
D i s t r i b u t e d from m i n t s d u r i n g t h e y e a r . . .

SEIGNIORAGE

$62,946,643

$29,588,725

$199,834,322

6, 500
107,105,054

1,000
62,301,050

1,000
29,582,425

8,500
198,988,529

107,111,554

I n m i n t s J u n e 30, 1905

62,302,050

29,583; 425

198,997,029

187,400

644, 593

5,300

837,293

ON SILVER

COINAGE.

The balance of profits on the coinage of silver on hand in the mints
June 30, 1905, was $144.17.
The total seigniorage on the coinage of silver during the fiscal year
1906 was $507,906.11, from the coinage of subsidiary silver coins.
Including the balance on hand at the mints July 1, 1878, the net
seigniorage on silver coined from that date to June 30, 1906, aggregated $136,307,059.19.
The amount of seigniorage deposited in the Treasury during the
fiscal year was $253,311.13, leaving a balance on hand at the mints
on June 30, 1906, of $105,689.97.
A table showing the seigniorage on silver coinage at each mint, and
the disposition of the same, will be found in the appendix.




DIRECTOR
APPROPRIATIONS

OF T H E
AND

243

MINT.

EXPENDITURES.

The act approved February 3, 1905, making appropriations for the
legislative, executive, and judicial expenses of the Government for
the fiscal year ended June 30, 1906, contained specific appropriations
for the support of the mints and assay offices of the United States,
amounting in the aggregate to $1,322,120.
In addition to the specific appropriations contained in the above
act, the mints at Philadelphia and San Francisco collected $105,438.09
as charges on foreign coinage and for the manufacture of appliances
for Government institutions, which amount was deposited in the
Treasury to the credit of the appropriations for wages of workmen
and contingent expenses of said institutions.
'
Acts approved June 6, 1900, March 3, 1903, April 28, 1904, and
March 3, 1905, contained the following specific appropriations:
New machinery and appliances, mint at Philadelphia
New machinery and appliances, mint at Denver

$440,185
345, 055

In addition to the specific appropriation of $440,185 for the mint at
Philadelphia, that institution has collected $4,600 from the mint at
Denver for the manufacture of steel rolls, which amount has been
deposited in the Treasury to the credit of the appropriation ^'New
machinery, mint at Philadelphia.''
The expenditures from these appropriations during the fiscal jesiY
were:
Mint at Philadelphia
Mint at Denver

| 1 3 , 322. 60
131,130. 61

•

The total expenditures from the above appropriations to June 30,
1906, have been:
Mint at Philadelphia
Mint at Denver

$430, 639. 83
308, 892. 97

APPROPRIATIONS AND E X P E N D I T U R E S FOR THE FISCAL Y E A R

1906.

APPROPRIATIONS AND EARNINGS.
Institution.
Philadelphia. .
San F r a n c i s c o
NewOrleans
Carson
.Denver.. .
New Y o r k
Helena
Boise
Charlotte.
St. Louis
Deadwood
Seattle

.
'.

Total..

W a g e s of
workmen.

Contingent
expenses.

$42,550.00
41,100.00
27,300.00
5,000.00
38,250.00
41,050.00
5,450.00
3,400.00
2,750.00
3,000.00
3,200.00
10,450.00

a$517,421.47
c187,843.79
42,800.00
3,600.00
115,000.00
30,000.00
14,500.00
8,300.00
1,080.00
1,000.00
4,000.00
27,720.00

^$107,070.69
d53,102.14
19,000.00
2,000.00
40,000.00
10,000.00
4,000.00
3,750.00
920.00
750.00
2,200.00
8,000.00

$667,042.16
282,045.93
89,100.00
10,600.00
193,250.00
81,050.00
23,950.00
15,450.00
4,750.00
4,750.00
9,400.00
46,170.00

223,500.00

953,265.26

250,792.83

1,427,558.09

Salaries.

Total.

a Includes $40,995 received from the Government of Mexico as charges on coinage; $8,100 received from
the Government of Panama as charges on coinage; $4,977 received from the Govermnent of Costa Rica
as charges on coinage; $13.40 received from Philippine revenues as charges on proof coins; $187.26 received
from Government of Mexico ior manufacturing dies and counting hoppers; $12,258.75 received from mints
at San Francisco, New Orleans, and Denver, charges for manufacturing machmery,etc.; $482.82 received
from assistant treasurers of United States at Philadelphia and Chicago, charges on manufacturing counting hoppers, and $383.46 received from War and Navy Departments as charges on manufacturing medals, •
etc.; $23.78 received from Louisiana Purchase Exposition Company for shipping boxes for medals.
b Includes $14,130 received from Governmentof Mexico as charges on coinage; $2,120 received from Government of Panama as charges on coinage; $354 received from Govei-nment of Costa Rica as charges on
coinage; $3 receivedfrom Philippine revenues as charges on proof coins; $84.60 received from Government
of Mexico, charges on manufacturing dies and counting hoppers; $5,067.05 received from mints at San
Francisco, New Orleans, and Denver for manufacturing machinery, etc.; $260.49 received from assistant
treasurers of the United States at Philadelphia and Chicago, charges on manufacture of counting hoppers; $31.83 received from War and Navy Departments as charges on manufacturing medals, etc., and
$19.72 received from Louisiana Purchase Exposition Company for shipping boxes for medals.
c Includes $12,843.79 received frora Philippine revenues as charges on coinage.
d Includes $3,102.14 received from Philippine revenues as charges on coinage.




244

EEPORT ON T H E FINANCES.
EXPENDITURES.
Parting and
refining
bullion.

a$447,271.64
6 187,559.29
33,357.75
3,600.00
84,305.18
27,608.26
14,249.50
8,227.00
1,080.00
269.46
3,865.00
27,473.65

a$92,530.48
6 28,659.08
9,731.76
1,951.22
39,808.31
9,939.32
3,939.59
2,295.58
913.99
275.99
1,918.23
7,925.66

$54,007.69
27,354.99
2,258.24

838,866.73

199,889.21

272,030.50

Salaries.

. . .

.

Contingent
expenses.

.220,685.44

Philadelphia....
San Francisco
New O r l e a n s . .
Carson
Denver
New York
Helena
Boise
Charlotte
St. L o u i s
Deadwood.
Seattle

W a g e s of
workmen.

$42,550.00
41,100.00
27,193.33
5,000.00
35,912.22
40,735.46
5,450.00
3,400.00
2,694.43
3,000.00
3,200.00
10,450.00

Institution.

. .•

Total

44,712.72
143,696.86

Total.

$636,359.81
284,673.36
72,541.08
10,551:22
204,738.43
221,979 90
23,639.09
13,922 58
4,688.42
3,545.45
8,983 23
45,849.31
1,531,471.88

a PHILADELPHIA.

Wages.

.
Original a p p r o p r i a t i o n
Earnings during the year

".

Contingent.

$450,000.00
67,421.47

$85,000.00
22,070.69

517,421.47
447,271.64

107,070.69
92,530.48

70,149.83
2,728.36

.;

14,540.21

Total available
Expenditures
B a l a n c e in a p p r o p r i a t i o n
U n e x p e n d e d b a l a n c e of original ia p p r o p r i a t i o n
E a r n i n g s expended during the year

7,330.48

bSAN FRANCISCO.

Original a p p r o p r i a t i o n
Earnings during the year
Total available
Expenditures

$175,000.00
12,843.79

$50,000.00
3,--102.14

187,843.79
187,559.29

53,102.14
28,659.08

284.50

24,443.06
21,340.92

.
..

'

B a l a n c e in a p p r o p r i a t i o n
U n e x p e n d e d b a l a n c e of original ia p p r o p r i a t i o n
E a r n i n g s e x p e n d e d d u r i n g t h e y Bar

12,559.29

EARNINGS AND EXPENDITURES OF THE REFINERIES OF THE COINAGE
MINTS AND ASSAY OFFICE AT NEW YORK FOR THE FISCAL YEAR 1 9 0 6 .

The earnings of the refineries, amounting to $276,891.89, were
deposited in the Treasury to the credit of the appropriation for
'^Parting and refining bulhon."
The expenditures on account of/^Parting and refining bulhon"
during the fiscal year aggregated $272,030.50, showing a net gain of
earnings over expenditures of $4,861.39, as shown by the following
table:
E A R N I N G S AND

EXPENDITURES

Institution.
Philadelphia
San Francisco
N e w 0 rleans
Denver
NewYork

"

Total




FOR PARTING
FISCAL Y E A R

Charges
collected.

AND
1906.

Surplus
bullion.

$74,292.73
29,418.23
2,487.94
26,365.05
101,297.04

$5,652.01
10,570:49
. 822.07
4,383.13
218.26

233,860.99

21,645.96

REFINING

By-products.

BULLION

Total
earnings.

FOR

THE

Expenditures.

13,722.89

$79,944.74
47,650.77
3,310.01
30,748.18
. 115,238.19

$54,007.69
27,354.99
2,258.24
44,712.72
143,696.86

21,384.94

276,891.89

272,030.50

$7,662.05

245

DIRECTOR OF T H E M I N T .

APPROPRIATIONS AND EXPENDITURES OF THE OFFICE OF THE
DIRECTOR OF THE MINT FOR THE FISCAL YEAR 1 9 0 6 .

The acts approved February 3, 1905, and February 27, 1906,
making appropriations for the legislative, executive, and judicial
expenses of the Government for the fiscal year ended June 30, 1906,
contained appropriations for the office of the Director of the Mint
aggregating $43,170.
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 year aggregated $41,021.71, leaving
an unexpended balance of $2,148.29 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 acts approved
February 3, 1905, February 27, 1906, and June 30, 1906, contained
specific appropriations aggregating $70,000 for ''freio;ht on bullion and
coin between mints and assay offices.'' The expenditures from these
appropriations for the fiscal year amounted to $60,848.71, leaving an
unexpended balance of $9,151.29 to the credit of said appropriation.
APPRO.PRI ATIONS AND E X P E N D I T U R E S OF THE OFFICE OF THE DIRECTOR OP THE
M I N T FOR THE FISCAL Y E A R ENDED J U N E 30, 1906.
Purpose for which appropriated.
Salaries
Examination of mints
Mining statistics
Books, pamphlets, and incidental expenses.
Laboratory
Freight on bullion and coin between mints and assay oflBces




Expended.

Unexpended.

17

$31,020.006,000.00
5,000.00
400.00
750.00
70,000.00

$30,313.56
5,663.44
4,010.12
342.48
692.11
60,848.71

$706.44
336.56
989.88
57.52
57.89
9,151.29

113,170.00

Total

H. Doc. 9, 59-2

Appropriated.

101,870.42

11,299.58

246

REPORT

EARNINGS

AND

ON

EXPENDITURES

TLIE
OF

FINANCES.

THE

MINTS

AND

ASSAY

OFFICES.

In the appendix a table will be found showing in detail the earnings
and expenditures for the year.
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 THE MINTS AND ASSAY OFFICES DURING THE FISCAL Y E A R 1906.

Ordinary expenses.

Item of expenditure.

Refining expenses.

$2,883.23
297. 30
644.15
946.97
872. 70
174. 22
171. 57
104.12
1,648.47
1,173.73
1,867.80
19,212.05
329. 56
3,851.55
7,453.49

$37,129.80
54.00

5,023.73
6,812.14
4,292.88
1,972.87
837. 20
2,440.81
690.70
9,902.00
6,667.11
1,999.19
1,457.79
2,099.92
7,364.57
1,572.98
959. 64
1,655.66
4,194.72
8,745.91
5,198.70
10,222.20
2,391.99
2,800.00
1.40

2,152.67
2,971.21

Acids
Adjusting weights and repairing balances
Advertisements for supplies
Assayer's balances
Assayer's materials, matrasses, pipettes, dishes, etc
Barrels and lard tierces
Belting
BuUion 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 ligh t and supplies
Electric power
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, e t c . . . .
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 building
Salt
Sewing (making of mittens, sleeves, coin sacks, towels,
and scale covers)
Stationery, printing, and binding
Steam, supply of
,
i
Sundries (only such items as can not readily be classified).
Telegraphing
Telephone
Tools
Water (sprinkling, heating, and irrigating)
AVood
:
Zinc
Wastage of operative officers
Bills paid at Department
Total

: '.

$40,013.03
351. 30
644.15
946. 97
921. 22
1,337.41
174. 64
379.07
1,700.30
4,079.88
3,239.23
22,420. 93
. 575.75
21,877.09
19,324.12

48.52
1,163.19
3.07
274. 95
5183
2,906.15
1,37L43
3,208.88
24). 19
18,025.54
11,870.63

1,391.19
5,862.39
401.12
2,551.61
4,108.89
1,708.21
629. 85
251.46
161.14
5,977.67
6,041.76
11,960.86
1,440.44
20,522.55
1,133.40
774. 41
488. 67

•

7,176.40
9,783.35
4,292.88
3,364.06
6,699.59
2,841.93
3,242.31
14,010.89
8.375.32
2,629.04
1,709.25
12,261.06
13,342.24
1,572.98
7,001.40
13,616.52
5,635.16
29,268.46
6,332.10
10,222.20
3,166. 40
2,800.00
490. 07

2,157.21
991). 79
3,677.61
39,086.31
207. 62
2,114.83
3,700.65
3,659.34
535. 30
123.94
10,110.84
2,583.75

61.71
299. 20
16..25
2,189. 61
2,136.78
5,191.45

2,564.41
996. 79
8,584.47
44,710.51
207. 62
2,114.83
3,762.36
3,958.54
696. 55
2,313.55
12,247.62
7,775.20

407. 20
4,906.86
5,624.20

199,889.21

BUREAU

367,751.15

104,168.56

220,685.44
943,035.29

1,259,441.38

OF THE

167,86L94

220,685.44
838,866.73

Salaries
AVages of workmen
Total

LABORATORY

Total

272,030.50

1,531,471.88

OF THE

MINT.

During the calendar year 1905 there were tested by the assayer of
this Bureau 250 gold and 530 silver coins, all of Avhich were found
within the legal requirements as to weight and fineness.
In the gold coins the greatest deviation above standard (the legal
limit being 0.001 above or below) was 0.0003, while the greatest
deviation beloAV was 0.0007.



247

DIRECTOR OF T H E M I N T .

The greatest deviation of silver coin above standard (the limit
being 0.003 above or below) A ^s 0.0013, while the greatest deviation
Aa
below was 0.0020, as shown by the following table of assays made at
the Bureau of the Mint:
New Orleans.

San Francisco.

Philadelphia.

Total.

Fineness.
Silver.

Goid.

Gold.

Gold.

Silver.

Silver.

Gold.

1
2

898.0
898.2
898.4
898.7
898 9
899.0
899 1
899.3
899.4
899 5
899.6
899 7
899.8
899 9
900.0
900.1
900 2
900.3
900.4
900.7
901 3

1
3
- .1
1
4
•4

6
7
14
23
12
8
2

...

12
24
13

is
20
il
8

*

12
15

15

13

13

8

13

2

8

3

3
3
1

1
6
15
22
37
45
45
51
17
9
2

2
1

1
2
2
5
14
1
33
53
2
41
36
35
22
13
4
1

82

Total
Average

5
11
18
31
38
31
28
5
1

2
6
1
9
14
2

2
2
5

Silver. •

fineness—

107

168

93

65

250

265

899.926

899.672

899. 791

899.609

899. 426

899.836

899.593

PROCEEDINGS OF THE ASSAY COMMISSION, 1 9 0 6 .

The following-named gentlemen were designated as commissioners
to test and exai^iine the weight and fineness of the coins reserved at
the several mints during the calendar year'1905, pursuant to the
provisions of section 3547 of the Revised Statutes:
Gen. Francis S. Dodge, Paymaster-General U. S. Army; Mr.
Augustus St. Gaudens, Windsor, Vt.; Dr. G. A. Hulett, Princeton
Universit}^; Prof. J. S. Ames, Johns Hopkins University; Prof. W. A.
Noyes, Bureau of Standards; Prof. W. B. Rising, University of California; Mr. George F. Graves, Bennington, Vt.; Mr. A. B. Chace,
Providence, R. I.; Mr. John S. Kennedy, Corning, N. Y.; Mr. E. R.
Sharp, Columbus, Ohio; Mr. W. C. Dowd, Charlotte, N. C ; Mr.
James Crosby Brown, Philadelphia, Pa.; Mr. John L. McNeill,
Durango, Colo.; Mr. Harvey Ingham, Des Moines, Iowa; Mr. George
H. Earle, jr., Philadelphia, Pa.; Mr. Marcus Benjamin, Washington,
D. C.; Mr. Herbert B. Webber, Ionia, Mich.; Mr. F. C. Stevens, Toledo,
Ohio. (Dr. H. G. Torrey; Mr. William Barret Ridgely, Comptroller
of the Currency; Hon. J. B. McPherson, judge, eastern district of
Pennsylvania, ex officio members.)
The commission met at the mint at Philadelphia on the 14th day
of February, 1906.
On motion of Mr. Ingham, seconded by Professor Ames, General
Dodge was elected chairman of the commission. Miss M. V. Kelly
was chosen to act as secretary.
The roll of the commission being called, the following members
answered to their names:




248

REPORT ON T H E FINANCES.

Messrs. Dodge, Hulett, Ames, Noyes, Rising, Chace, Kennedy,
Sharp, Dowd, Brown, McNeill, Ingham, Earle, Benjamin (Messrs.
Ridgely and Torrey, ex officio members).
The following committees were appointed by the chairman AA^ith
the approval of the commission:
Committee on counting: Mr. Sharp, chairman; Messrs. Kennedy,
Dowd, Earle, McNeill, and Dodge.
Committee on assaying: Professor Rising, chairman; Messrs.
Hulett, Torrey, Ridgely, and Chace.
Committee on weighing: Professor Ames, chairman; Messrs. Ingham, Benjamin, Noyes, and BroAAm.
REPORT OF THE COMMITTEE ON COUNTING.
FEBRUARY 15,

1906.

To the Board of Assay Commissioners:
GENTLEMEN: The committee report respectfully that the packages containing the
pieces reserved by the several mints for the trial of coins in accordance with section
3539 of the Revised Statutes were delivered to us by the superintendent of the mint at
Philadelphia. That the packages delivered were compared with the transcripts k e p t .
by the Director of the Mint and found to be correct. The verification of the packages
containing the reserved coins being completed, they were delivered to the committees
on weighing and assaying. I n the report of those committees will be found an account
of the disposition of these coins.
The quantities of coin reserved at the mints for the purposes of the committee were
as follows:
Gold coins from the mint at Philadelphia, 841, of the value of $5,497.
Silver coins from the mint at Philadelphia, 10,101, of the value of $1,516.75.
Gold coins from the mint at San Francisco, 3,064, of the value of $44,365.
Silver coins from the mint at San Francisco, 5,617, of the value of $1,201.80.
Silver coins from the mint at New Orleans, 2,569, of the value of $450.50.
The coins reserved on account of the coinage executed for the Philippine Islands
were as follows:
Mint at Philadelphia:
Pesos
50-centavos
.'
20-centa;vos
10-centavos
Mint at San Francisco:
Pesos
50-centavos
20-centavos

:

«

4
4
4
4

'
:

3^ 028
426
210

REPORT OF THE COMMITTEE ON ASSAYING.
PHILADELPHIA, P A . , February 15,

1906.

To the Board of Assay Commissioners:
GENTLEMEN: I n compliance with section 3547 of the Revised Statutes, we have
taken samples of the coins reserved from the United States mints at Philadelphia, San
Francisco, and New Orleans for assay. These samples represent the various deliveries
made by the coiners to the superintendents of the several mints during the calendar
year 1905.
The results of the assays made of the individual coins and of the same in mass are
given in the following schedules. From these it will be seen that the greatest excess
in the assay value of the gold coinage above standard at the different mints (the limit
of tolerance being one-thousandth) is at—
Philadelphia
San Francisco
New Orleans. (No gold coinage.)

900. 2
900.1

The greatest deficiency below standard (the limit of tolerance being one-thousandth)
is at—
Philadelphia
San Francisco
Lewis and Clark Exposition dollar




.-. 899. 8
899. 6
900. 2

DIRECTOR OF T H E M I N T .

249

The greatest excess in silver coins (the limit of tolerance being three-thousandths)
is at—
Philadelphia
San Francisco
New Orleans

900. 9
900. 7
900..0

:
PHILIPPINE

COINAGE.

Philadelphia
San Francisco

900. 9
900. 7

The greatest deficiency in the silver coins (the limit of tolerance being threethousandths) is at—
Philadelphia
San Francisco
New Orleans

:

p . . . 898. 4
898. 9
898. 6

:
PHILIPPINE

Philadelphia
San Francisco

,

COINAGE.

:

900. 9
898. 9

:

The committee also tested the quartation silver and found it free from gold, and the
lead used in the assay of gold bullion and found it free from gold and silver. The acidused in the humid assay of silver was found to be free from silver and also from chlorine.
The balances used were tested and found to be correct.
The committee therefore deem the assays exhibited in the accompanying schedule
to be entirely trustAvorthy.
REPORT OF THE COMMITTEE ON WEIGHING.
FEBRUARY 14,

1906.

To the Board of Assay Commissioners:
GENTLEMEN: The committee On weighing respectfully report that they have examined sample coins selected at random from those reserved by the several mints. . The,
weighing of coins in mass was omitted in accordance with the recommendation of
the committee on weighing for the year 1905.
The weighing of the single pieces was made in part by a balance by Henry Troemner,
of Philadelphia, and in part by a balance by Becker & Sons, of New York. The
weights employed were furnished under seal by the Director of the Bureau of Standards, and were accompanied by a certificate stating their A^ariations in mass from tlie
standards fixed by law. Both, balances were carefully tested and found to be sufficiently accurate without making corrections. The weights ordinarily employed in
the mint were also examined and found to be in accordance Avith the usual interpretation of the standards prescribed by law.
The details of the weighings as shoAvn in the following tables indicate that the
deviations from the statutory standard weights of the coins examined were all within
the legal tolerance. Consequently the committee on weighing pronounces the examination of the weights of the coinage of the several mints during the year 1905 to be
satisfactory.
.
.
The committee on resolutions submitted the following:
^^Resolved, That the Assay Commission appointed to examine and test the reserved
coins of the several mints of the United States for the year 1905 begs leave to submit
the following report:
" 1 . The Commission has thoroughly and carefully, according to law, examined
and tested, in the presence of the Director of the Mint, the fineness and weight of the
coins reserved by the several mints for this purpose.
" 2 . The Commission, by examination and^test, has found that the coins do not
differ from the standard fineness and weights by a greater quantity than is allowed
by law, but are far within the limits, and that therefore the tests are entirely satisfactory in every particular, and are so reported.
^ Resolved, That the members of the Assay Commission desire to express their most
^
hearty approval of the highly satisfactory conduct of the mint in Philadelphia, and
feel it due to the Director of the Mint that they express to him arid his subordinate
officers their inost hearty approval and congratulations."
The Commission wishes to thank most heartily the officers and employees of the
mint for the courtesy and assistance given in the performance of the .duties of the
Commission.
Mr. Kennedy moved that the above resolutions be adopted as read; motion seconded
b y Doctor Hulett and carried unanimously.
There being no fm^ther business before the Commission, the chair declared it
adjourned sine die.




250

REPORT ON TLIE FINANCES.
MINT OF THE UNITED STATES AT PHILADELPHIA.

This mint was practically idle, AA^ith the force on leave or furloughed
without pay, in July, August, and September, 1905, owing to a lack
of bullion on Avhich to work. After the resumption of operations the
coinage was heavy for the remainder of the year. All departments
have shown increasing efficiency and some notable changes in methods are mentioned in detail below.
The folloAving table shoAA^s, by AA^eight and value, the gold and silver
deposited at the mint at Philadelphia for domestic coinage during the
fiscal year 1906:
Deposits.

Metal.

Redeposits.

2,659
895
Total

2,129
31

3,554

Gold
Silver

Standard ounces. Coinage value.

2,160

1,936,421.498
3,456,843.38

$36,026,446.56
4,022,508.66
40,048,955.22

There Avere also deposited during the year 835,900 standard ounces
of silver bullion, of the subsidiary coinage value of $1,040,000 for
coinage for foreign governments.
Particulars as to the source and character of deposits and redeposits will be found in tables numbered 1, 2, 3, and 4, of the appendix,
and concerning transfers of uncurrent coin in table No. 7.
MELTER AND R E F I N E R ' S DEPARTMENT.

During the fiscal year the melter and refiner received from the
superintendent gold bullion containing by assay 3,786,726.346 standard ounces, of the value of $70,450,722.72, his legal allowance for
wastage being 3,786.726 standard ounces, of the value of $70,450.72;
the silver bullion containing by assay 5,529,003.23 standard ounces
of the value of $6,433,749.21, his legal allowance for Avastage being
8,293.50 standard ounces, of the value of $9,650.62. He returned
to the superintendent 3,786,519.891 standard ounces of gold and
5,538,423.25 standard ounces of silver. He operated upon bullion as
follows:
Items.

Ingots
Refinery
Merchant bars
Total

--

- .. - - --

Gold.

Silver.

Standard ozs..
3,686,361.060
1,452,311.443
356,509.649

Standard ozs.
3,940, 474.20
3,007,583.53
1,476,368.65

5,495,182.152

8,424,426.38

The excess of gold and silver operated upon over the amounts
charged during the year is due to duplicate, operations.
Upon settlement of the melter and refiner's accounts, June 30, 1906,
there was found an apparent loss upon the gold bullion during the
fiscal year of 206.455 standard ounces; and in the operation upon the
silver bullion an apparent gain of 9,420.02 standard ounces.




251

DIKECTOR OF T H E M I N T .

The melts made aggregate as follows:
Melts.

Bars.

G r a n u l a - D e p o s i t s . Special.
tions.

Ingots.

Total.

565
1,112
Total

610
999

998

2,700
835

253
87

3,128
4,031

1,677

Gold
Silver

1,609

998

3,535

340

7,159

During the year one gold melt and one silver-ingot melt were condemned.
NUMBER, WEIGHT, AND VALUE OF GOLD AND SILVER BARS FOR INDUSTRIAL USE.
Bars.

Metal.
Gold
Silver

.

3,926
5,592

. .

Total

.

. . .

Standard
ounces.
349,524. 049
1, 417,773. 53

Coinage v a l u e .
$6,502,773.12
1,649,772. 83
8,152,545. 95

9,518

During the year 150 barrels of sweeps were gathered, containing by
assa}^ 897.083 standard ounces of gold and 3,343.49 standard ounces
of silver.
.
The operations of the refinery were as follows:
Bullion.

Gold.

Sent to the refinery, 4,133,631.94 gross ounces, containing by assay.
Bullion received from refinery
Sweeps

Silver.

Standard ozs. Standard ozs.
3,007,583.53
1,452,31L443
3,005,597.25
1,451,762.252
2,166. 08
616. 714
67. 523

Apparent gain.

179.^

Silver bullion sent to the refinery upon Avhich refining charges were
collected contained by assay 1,428,653.73 standard ounces, and silver
owned by the Government returned to the refinery for parting purposes upon which no parting charges were imposed contained b}^
assay 1,578,929.80 standard ounces.

Troy ounces.
During the year the melter and refiner received from the superintendent minor coinage
metal
18,261,450. 35
Delivered prior to settlement:
Bronze ingots
10,608,579. 20
Nickel ingots
7,134,102.10
17,742,681. 30
Delivered in settlement:
Bronze ingots
303,860.10
Nickel ingots
42,723.00
Alloy, etc
1(25,082.00
471,665.10
18,214,346.40
47,103. 95

Showing an apparent loss of

He operated upon minor coinage metal as follows:
Melts.
Bronze
Nickel
Total

.

Troy ounces.

3,376
2^505

10,912,439. 30
7,176,825.10

5,881

18,089,264.40

Trained and experienced men were sent from the melter and
refiner's department to the new Denver mint and to the New Yoj*k




252

REPORT ON TITE FINANCES.

assay office to introduce the electrolytic processes which have been
developed in this mint during the last ten years from laboratory
experiments to a working plant capable of refining 150,000 ounces of
gold and 400,000 ounces of silver per month, the product being almost
chemically pure. Besides furnishing greatly superior products, the
processes are less expensive, are neat, cleanly, and free from the noxious fumes incident to the old acid methods of parting. The saving of
platinum, a metal now more valuable than gold, is an item of importance in this connection. In the electrolytic process it is recovered as
a by-product, while in the acid treatment it is either lost or deteriorates the working qualities of the gold from which it has not been
parted. The installation of a new dynamo brings the capacity of the
refinery up to any demands likely to be made upon it.
I n the melter and refiner's department there were no changes of
note in the melting rooms, though the problem of substituting oil for"
gas is kept steadily in view. The most important addition to the
plant in this department is the placing of spacious settling chambers
through which the gases from the melting furnaces must pass before
the final exit from the stack. The first one installed Avas connected
Avith the furnaces in the ingot-melting room. This chamber was
made as large as space in the attic would permit, and with the largest
cross section possible in order to diminish the rapidity of current flow.
I t is evident that any values in the deposit will be condensed fumes
of vaporized metals, and therefore impalpable powders—mere dust.
This chamber has a capacity of about 6,000 cubic feet and was built
at a cost of $900. From October 15, 1905, to May 3, 1906, a period
of say six months, the dust collected in it produced a bar containing
' 244.32 standard ounces of gold, having a value of $4,544.35. This is
nearly 1 ounce in 10,000 ounces melted. Very little silver was coined
during this period, and 35 ounces only of silver were found in the
deposited dust. There is reason to believe that a still larger chamber
would be more effective. These results were so satisfactory t h a t a
second chamber was recently erected to connect with the melting
furnaces in the refinery. From this there have been no returns as yet.
The electrolytic refinery has continued to demonstrate its superiority over any method previously in use, both as to economy of
working and superiority of product. Both the coiner and the public
recognize the better working qualities of the electrolytically refined
bullion.
C O I N E R ' S DEPARTMENT.

During the fiscal year 1906 this department received 3,191,138.460
standard ounces of gold, of Avhich 3,163,926.060 standard ounces, of
the value of $58,863,578.78 were operated upon, and from which there
Avere produced 1,089,894.321 standard ounces of gold coin, of the value
of $20,261,887.82, and upon which there was a Avastage of 115.072
standard ounces, of the value of $2,140.87, being 7.21 per cent of the
legal allowance.
During the same period the coiner also received and operated upon
3,929,033.90 standard ounces of silver, from which there were produced 2,144,878.15 standard ounces of silver coin, of the value of
$2,668,588.68 in subsidiary silver coin, and upon which there was a
wastage of 2,073.56 standard ounces,.of the cost value of $1,065.76,
being 52.78 per cent of the legal allowance.




DIRECTOR

OF

TLIE

253

MINT.

There were also delivered to the coiner during the fiscal year
7,198,274.80 ounces of nickel ingots and 3,537,101.33 ounces of nickel
planchets, from which were produced 7,395,562.16 ounces of 5-cent
nickel coin, of the face value of $2,302,397.50, and upon which there
A ^s a Avastage of 14,116.07 ounces; and 10,782,268.20 ounces of copperAa
bronze ingots and 3,160,158 ounces of copper-bronze planchets, from
Avhich there Avere produced 8,966,317.60 ounces of 1-cent eoin, of the
face value of $895,884.80, and upon which there was a wastage of
14,600.10 ounces.
The following table shows the coinage executed during the year:
Denomination.

Pieces.

Value.

GOLD.

Double eagles
Eagles
Half eagles
Quarter eagles

116,785
274,650
472,435
142,509

Total

$2,335,700.00
2,746,500.00
2,362,175.00
356,272.50
7,800,647.50

SILVER.

Half dollars
Quarter dollars
Dimes

472,700
1,232,700
10,828,431

,

Total

. 236,350.00
308,175.00
1,082,843.10
1,627,368.10

MINOR.

5-cent nickel pieces

46,047,950
89,588,480

1-cent bronze pieces

2,302,397.50

135,636,430

Grand total, domestic

3,198,282.30

149,176,640

Total

12,026,297.90

FOR P H I L I P P I N E ISLANDS.
Denomination.

Pesos . . . .
50 c e n t a v o s
20 c e n t a v o s
10 c e n t a v o s
5 centavos.'
1 centavo
§ centavo

Pieces.

Value.

Cost value.

629
629
.629
629
626
626
626

^
..

.

..

.

.....;
'

Total

Pesos.
629.00
314.50
125.80
62.90
31.30
6.26
3.13

$281.44
140.71
56.22
28.10
3.72
2.01
1.00

4,394

. .

1,172.89

513.20

FOR T H E GOVERNMENT OF PANAMA.
Pieces.

Denomination.

Value in s u b s i d i a r y silver.

1,000,000

$1,000,000.00

10 c e n t i m o s
5 centimos.

300,000
400,000

$24,000.00
16,000.00

Total

700,000

40,000.00

1,000,000
3,000,000

$4,984,496.13
7,476,744.19

4,000,000

12,461,240.32

J balboa
F O R T H E G O V E R N M E N T O F COSTA RICA.

FOR T H E GOVERNMENT OF MEXICO.
10 p e s o s (gold)
5 p e s o s (gold)

TotaL
Grand total, 154,881,034 pieces.




-

--

-

254

REPORT ON T H E FINANCES.

In the coining department important improvements in methods,
processes, and appliances have been introduced, among the most
important of which are changes in the method of rolling ingots into
strips, the abolition of strip annealing, changes in the punches on the
cutting presses, improvements in the annealing and cleaning of blanks,
and the abandonment of the practice of adjusting silver blanks.
In rolling, by making the reduction of the strip more gradual,
increasing the number of drafts, but decreasing the amount of reduction at each draft, it has been found possible to eliminate the Avork of
annealing the strips and produce perfectly bright blanks. The
gradual reduction permits rolling closer to standard, and produces a
larger percentage of good blanks.
The punches on the cutting presses have been changed so as to cut
from two to five pieces at one stroke, thus increasing the percentage
of blanks cut and decreasing the amount of clippings to be returned
to the melting pot. By this change alone the percentage of good
blanks obtained from the ingots operated upon has been increased 15
per cent, and with new ingot molds now being made a larger saving is
expected.
I t has been found possible to prevent oxidation or tarnish on the
bright blanks during annealing by keeping them from contact with
the air from the time they are introduced into the rotary annealing
furnace until the annealing is completed and they have been cooled
under water. The hot planchets are now delivered from the furnace
through a tube, the lower orifice of which is under the water in the
cooling vat. The blanks are then washed and finally dried in hardwood sawdust.
The changes described make it possible to discard the strip annealing furnace, the old style colander and riddle, and the tumbling barrel,
the metal being carried through all the operations to the coining press
in a bright state, thus reducing the loss in cleaning at least 50 per cent.
The blanks are not adjusted or Aveighed; every blank goes to the press,
but the finished coins are examined and weighed separately. The
results obtained are shown by the following figures: In a lot of coined
quarter dollars weighing 238,817.65 ounces, but 9,424.65 ounces were
condemned, showing a percentage of 96.05 good, coin from the blanks
cut and coined; another lot of half dollars weighing 492,803.40 ounces
had but 23,128.75 ounces condemned, showing a percentage of 95.30
good coin from all blanks.
These results were obtained from .999 fine electrolytic silver; a low
grade of silver would ^ot show as good results.
ASSAYER'S

DEPARTMENT.

The number of assays made in this department was as follows:
Gold
Silver
Special assays
Total

30,150
8,500
. 300
38,950

There were also 167 barrels of sweeps assayed. In addition to this,
200 ounces of proof gold and 160 ounces of proof silver were made.
Of the 610 melts of gold ingots (for coinage) made by the melter and
refiner, 556 were passed by the assayer, being well within the limit of




255

DIRECTOR OF T H E M I N T .

tolerance. Fifty-three melts, while within the range of standard fineness allowed by law, were not sufficiently uniform to warrant passing,
and were therefore returned for remelting. One melt was condemned
as being outside the legal limit.
The fineness of the melts passed was:
34 melts at
164 melts at
181 melts at
138 melts at

899.7
899.8
899.9
900

31 melts at
7 melts at
1 melt at

900.1
900.2
900.3

Nine hundred and ninty-nine melts of silver ingots (for coinage)
were made, of which 25 were rejected for want of proper mixture, including 3 which were outside the legal limit.
The melts were of the following fineness:
41 melts at
78 melts at
186 melts at
115 melts at
329 melts at

898
898^
898|
898;|
899

120 melts at
68 melts at
18 melts at
19 melts at

899^
899J
899f 900

.•

E N G R A V E R S ' DEPARTMENT.

All of the dies used in the coinage operations of all the mints of the
United States are made in the engraving department at Philadelphia.
The number of dies prepared for United States coinage last year
was 1,797. In addition, 85 dies were made for the Philippine coinage, 60 for Mexican coinage, and 76 for medals. The number of
dies made for the different mints, and denominations, are shown by
the following table:
For the mint a t Denomination of die.

San FranCisco.

New Orleans.

Denver.

13
18
22
8

10
10
10

10

20
30
20

43
68
52
8

61

30

10

70

171

. ..

10
19
87

18
30
75

20
52
40

30
30
30

78
131
232

...

116

123

112

90

441

Philadelphia.

Total.

GOLD COINAGE.

Double ea.gle
Eagle
Half eagle.
Quarter eagle.
Total
SILVER COINAGE.

Half dollar .
Quarter dollar
Dime..
Total
MINOR COINAGE.

541
626

Total

•

541
626

• 1,167

5-cent nickel piece
1-cent bronze piece

1 167

P H I L I P P I N E S I L V E R COINAGE.

32
12
12
12

Total

. .
M E X I C A N GOLD COINAGE.

10 peso
5 peso

...

Total




.

32
12
12
12

68

1 peso....
50 centavos
20 centavos
10 centavos

68

o
20
40

20
40

60

60

256

REPORT ON TLIE FINANCES.

G old coinage
Silver coinage
Minor coina,ge
Proof coinage
Philippine silver coinage
Philippine proof coinage
St. Louis award medal
Army marksmanship medal
Assay commission medal
Railroad life-saving medal
Pike's Peak medal
Marine Corps medal
President Roosevelt medal
•
President McKinley medal.
President Jackson hub
.President Monroe hub
.President Polk hub
President J. Q. Adams hub and die
President V^^an Buren hub
President Buchanan hub and dies
President Madison hub
President Tyler medal
Dies for Mexico:
10-peso
5-peso
Total

:

RECAPITULATION.
'.

-—
•

:

:....,...

171
441
1,167
18
68
17
28
12
4
•8
4
4
3
^ 1
" 1
1
• 1
2
1
4
1
1
•

- -. -

20
40

2,018

The recent increase in the demand for medals, both national and
private, made necessary greater facilities and a larger workroom.
The only sufficiently large spaces not already utilized for workrooms
were the areas around the vaults under the terrace in front of the
building. The Department introduced skylights and a ventilating
system into each of these spaces, and the one at the Sixteenth street
end being selected for the new medal room, it was divided into three
rooms, and heating, lighting, and power systems installed. The
three rooms are used, respectively, as an annealing and acid room,
a bronzing room, and a press and general workroom. The annealing
room is furnished with large gas ovens for annealing the nietal. The
dipping and cleaning of the medals are also done here. The bronzing room is fitted up Avith all necessary appliances for this operation,
including sand blasting. The press room is the largest. In this
there are four hydraulic presses—one of 1,000 tons, two of 450 tons,
and one of 350 tons. In addition, there are tAVO grinders, one rotary
file, one cutting press, one milling maching, one lathe, one shaper,
and one drill. All the presses Avitn the exception of the large one are
fitted with an automatic knockout, which is a great advantage and
saves much time of the operator, thus increasing the output*. In
this room the blanks are punched from the strip and the medals
struck the number of blows necessary to bring up the design—as many
as 18 with a like number of annealings are necessary for some of the
medals manufactured. With the exception of the cleaning, sand
blasting, and bronzing, all the AVork of finishing the medals, including
the mounting, and all the mechanical- work necessary in preparing
for striking the medals, bars, and pins, except the manutacture of
the dies, is done here.
The ncAV machinery purchased for this branch during the fiscal
year was: One Hendey-Norton shaper, one Hendey-Norton lathe,
one dry grinder, and one 450-ton hydraulic press.
The medal department, as now equipped, is the best in this country
and the equal to tha't of any mint in Europe.
During the fiscal year there have been struck in this department
50,173 pieces—medals and proof coins. Of this number 34,850 were
bronze medals made for the Louisiana Purchase Exposition, at a cost
of $18,572.94.


257

DIRECTOR OF T H E M I N T .

The designs for the Louisiana Purchase Exposition medals Avere
made by Mr. A. A. Weinman, a sculptor of New York, the hubs and
dies being the work of the engraving department of this mint. On
the obverse of these medals the United States is represented by a
female figure in the act of throwing a flag around a smaller and
more youthful female figure, which. symbolizes the claim of France
to the Louisiana territory. From the latter figure the flag of France
is falling, indicating the relinquishing of French authority. The
United States is represented on the reverse by the eagle and the
extent of territory from the Atlantic to the Pacific by the tAvo
dolphins.
The dies for the railroad life-saving medal, also the design of
Mr. Weinman, and the dies for the Pike Monument Association,
both authorized by Congress, were engraved during the year.
Thirty-six additional medal dies and hubs have been manufactured
for the War and Navy Departments and other purposes.
PROOF COINS AND MEDALS.

The following table shows the number of proof coins and medals
sold, nominal value, amount received, and the profit on the same
during the fiscal year:
Number
of pieces,

Articles.

Nominal
value.

Amount
received.

Profit.

Gold medals
Silver medals
Bronze medals...
Gold proof coins.
Silver proof coins
Minor proof coins

45
267
35,263
434
3,500
2,572

$1,406. 50
173. 65
400.00
3,615.00
637. 00
77.16

$1,569.25
371. 90
866. 46
3,722.50
1,050.00
102.88

$162.75
198. 25
466. 46
107. 50
413. 00
25.72

Total

42,081

6,309. 31

7,682. 99

1,373. 68

NUMISMATIC COLLECTION.

The work on the nuismatic collection for the year was directed
mainly to the rearrangement of the collection and the correction of
, errors of classification. Numerous additions Avere made, chiefly of
Roman sesterces (flrst brasses), Greek silver, Russian and Polish
coins, and miscellaneous pieces of various countries, chiefly Germany.
The aggregate number of coins and medals added Avas sCbout 230.
MINOR COINS.

The manufacture of the 1-cent bronze and 5-cent nickel coins has
heretofore been confined by law to the Philadelphia mint. The
Fifty-ninth Congress at its first session authorized the making of
these coins at the other mints, but the output of the last fiscal year
was Avholly at Philadelphia, and Avas by a large sum the greatest
ever issued, comparing Avith the fiscal year 1905, as shoAvn below:
1905.
1-cent bronze
5-cent nickel..

•
.




.

1906.'

$774,193.68
1,290,874.05

$895,884.80
-2,302,397.50

258

REPORT ON THE FINANCES.

For many years the blanks for the bronze and nickel coins were
purchased from contractors ready-made, but most of these coins
issued last year Avere made in the mint from pig metal. Bronze and
nickel blanks Avere purchased as follows:
Character.

Pounds
avoirdupois.

. . . ._

216,000.00
242,500. 00

$59,540.00
. 94,575.00

458,500. 00

154,115. 00

Bronze 1-cent blanks
Nickel 5-cent blanks
Total

Cost.

The amount of metal purchased for the manufacture of minor
coinage other than blanks was 552,201 pounds avoirdupois, at a cost
of $121,521.92.
The amount of uncurrent copper, nickel, and bronze coins transferred from the Treasury during the year for conversion into current
coins, cost, and seigniorage are shown by the following table:
Old copper cents
Nickel 1-cent coins
Bronze 1-cent coins
Bronze 2-cent coins
Nickel 3-cent coins
Nickel 5-cent coins

$168.86
683.25
31,752.14
210. 50
333. 75
147,275.00

.'

Total

180,423.50

Cost of nickel added to nickel 1-cent metal to convert into 5-cent alloy for recoinage into nickel
5-cent coin
Cost of tin and zinc added to old copper-cent metal to convert into bronze 1-cent alloy for
recoinage into bronze 1-cent coin
Cost of metal of same alloy added to nickel 3-cent metal for recoinage into nickel 5-cent coin..
Seigniorage (gain by recoinage)
.•
Total

Total

4.83
6.38
3,242.17
183,705.90

Coinage executed, nominal value:
Bronze 1-cent coin
Nickel 5-cent coin
Loss by recoinage

29.02

$31,061.38
142,373.55
-.

'.

'
,....

173,434.93
10,270.97
183,705.90

The seigniorage or gain on recoinage of minor coin was $3,242.17,
as against a loss of $10,270.97, showing a net loss of $7,028.80.
The seigniorage on the coinage of nickel and bronze coins coined
from purchased metal was $2,735,082.09, less a net loss of $7,028.80
on the recoinage of minor coin and a Avastage of the operative officers
in the minor coinage operations of $1,299.83 gives a net seigniorage
on minor coin of $2,726,753.46.
^
The total amount of the several t3^pes,of minor coins manufactured
from 1793, when the first coinage of copper cents was made, until
June 30, 1906, aggregated $47,442,002.27. From the records of this
mint to which this coinage Avas assigned by law, it appears that there
have been melted for recoinage $4,411,181.65, leaving outstanding
June 30, 1906, $43,030,820.62.
The several types and denominations of minor coins issued, manufactured by the mint at Philadelphia since its establishment, the
amounted remelted, and the amount outstanding June 30, 1906, are
set forth in the following table:




259

DIEECTOE OF T H E M I N T .
MINOR

COINS I S S U E D ,

REMELTED,

AND OUTSTANDING.

Coined.

Denomination.

Remelted.

Outstanding,
June 30, 1906.

$1,562,887. 44
39,926.11
2,007,720.00
14,813,273.25
912,020.00
905,768.52
27,200,406.95

Total

800,832.22
269,552.95
338,865.72
280,752.61
2,341,082.85

$1,182,792.14
39,926.11
1,206.887.78
14,543,720.30
573,154.28
625,015.91
24,859,324.10

47,442,002.27

Copper cents
Copper half c e n t s . . .
Copper nickel cents.
Bronze cents
Bronze 2-cent pieces
Nickel 3-cent pieces.
Nickel 5-cent pieces.

4,411,181.65

43,030,820.6

$380,095.30

Minor coins to the amount of $2,457,623.40 have been distributed
throughout the States and Territories of the United States during the fiscal year 1906—$1,586,440.30 in nickel 5-cent pieces, and
$871,183.10 in bronze 1-cent pieces.
The expenditure for the distribution of minor coin for the same
period was $35,609.28.
ALL SEIGNIORAGE.

The seigniorage on the coinage of purchased metal for the fiscal
year was $2,963,320.19, as shown by the following table:
Item.

. Coined.

S u b s i d i a r y silver c o i n s . . . .
M i n o r coins

Seigniorage.

$392,271.00
3,024,847.37
3,417,118.37

Total

$228,238.10
2,735,082 09
2,963,320 19

The superintendent makes the following recommendation concerning minor coinage, which is approved:
During the year the manufacture of-minor coin blanks has been perfected. Bronze
and nickel blanks of a quality as good, if not superior, to those heretofore purchased
under contract are now made, but the rolling of the ingots for the manufacture of these
blanks could be done more economically on larger rolls than those in use for gold and
silver, and the work should be done in a room away from that in which gold and
silver are rolled, as there is' great danger of pieces of bronze or nickel alloy becoming
mixed with gold or silver, the colors being so much alike. The cost of installing
such a plant in the space under the terrace at Seventeenth and Spring Garden streets
would not be a large amount and would greatly increase our facilities and decrease
the liability of contamination of the precious alloys.
VISITORS.

A large number of visitors from all States of the Union and from
foreign countries visited the mint during the year, 98,991 having been
shown through by the several guides.
N U M B E R OP

EMPLOYEES.

The force of employees at the end of this fiscal year shoAvs a reduction
of 35 from the number carried on the rolls at the end of the previous
fiscal year. A number of these were experts in the different departments, who were sent to the mint at Denver, Colo., to instruct the




260

REPORT ON THE. FINANCES.

employees in their duties prior to the opening of that mint in January last.
The total number on the rolls at the close of the fiscal year was
533, distributed in the several departments as folloAA^s:
Department,

Male.

Female.

Total.

195
67
108
12
19

General department
Melter and refiner's department
Coiner's department
Assayer's department
Engraver's department

195
12
19

Total

MINT OF THE UNITED STATER AT SAN FRANCISCO.
BULLION R E C E I V E D .

The weight and value of the gold and silver bullion deposited at
the mint at San Francisco during the fiscal year 1906 was as follows:
Metal.

Deposits.

Gold
Silver

Redeposits.

4,879
1,062

69

5,941

Standard
ounces.
1,958,168.749
1,565,373.30

69

Value.
$36, 431,046. 49
1,821,525.29
38,252,571.78

Of the above amount of silver bullion, 65,188.99 standard ounces
of Spanish-Filipino coin was received for recoinage for the government of the Philippine Islands.
Particulars as to the source and character of the deposits and
redeposits appear in tables 1, 2, 3, and 4 of the appendix. Details
as to transfers of mutilated coin for recoinage appear in table 7.
MELTER AND R E F I N E R ' S DEPARTMENT.

The melter and refiner received and operated upon gold and silver
bullion during the fiscal year as follows:
Received from the superintendent during the fiscal year ended June 30, 1906,
Standard ounces.
bullion containing gold.
3,321,656.901
Returned to superintendent prior to settlement
2,636,780.862
Returned to superintendent at settlement
685,254.524
3,322,035.386
Surplus recovered in gold.

378.485

Received from the superintendent during the fiscal year ended June 30, 1906,
bullion containing silver
.•
5,321,478.64
Returned to superintendent prior to settlement
4,483,243.58
Returned to superintendent at settlement
844,842.97
5,328,086.55
Surplus recovered in silver.

6,607.91
Number of
Condemned.
melts.

Gold ingots..,
Silver ingots..

942
2,698

67
7

Total..,

3,640

74




DIRECTOR OF T H E M I N T .

261

There were manufactured during the fiscal year:
ne gold bars
ne silver bars
Total

]
1
2

'.

There Avere gathered in sweeps 138 barrels, containing by assay:
Gold
Silver
Iridium

•.

standard ounces.. 368.212
d o . . . . 4,200.80
:
ounces..
1.90

The refinery operations AA^ere as follows:
Silver bullion refined upon which charges were made:
Crude deposits
,
Seattle and Carson
Oregon, crude
Crude settlement bars
Crude settlement bars, melter and refiner's department
Silver deposits, settlement
Silver deposits
Philippine coin
Philippine silver purchase
Silver purchase

•....•

Standard ounces.
56,399.56
16,862.91
3,860.52
9,262.18
4,511.10
17,944.46
• 61,665.43
983,859.10
127.95
131.67

Total
Silver bullion for parting sent to refinery on which no charges were made
Net amount sent to refinery

1,154,624.88
601,044.78
1,755,669.66

Net amount returned from refinery

1,754,012.66

Loss

. 1,657.00

Gold bullion refined on which charges were made
Coiner's bars owned by Government on which no charges were made
Net amount sent to refinery
Net amount returned from refinery.
. Gain
:

355,795.530
7,409.578
363,205.108
363,295.071
89.963

In refining 363,205 standard ounces of gold bullion there were used
322,000 pounds of sulphuric acid, being nine-tenths of a pound for
each ounce of gold.
In refining 983,859 standard ounces of sih^er there was used 246,000
pounds of sulphuric acid, being one-fourth of a pound for each ounce
of silver.
Copper used during the year for reduction of sulphates
Bluestone manufactured containing in copper
Copper lost
Average fineness or refined gold, 0.995.
COINER'S

Pounds.
25,620
23,150
2,470

-DEPARTMENT.

The coiner in his department operated upon 2,545,624.540 standard
ounces of gold and 4,592,746.45 standard ounces of silver.
He delivered during the same period 1,429,346.875 standard
ounces of gold coin, valued at $26,592,500, and 2,502,781.25 standard ounces of silver coin, valued at $2,912,327.27, in standard dollars,
or $3,113,880.25 in subsidiary silver coin, aggregating 12,635,250 pieces.
Of this amount there was delivered for the government of the Philippine Islands, under act of March 2, 1903, 1,557,000 pesos, weighing
1,435,000 standard ounces, valued at $1,669,818.18, in standard
dollars, or $1,785,381.03 in subsidiary silver coin.
H. Doc. 9, 59-2




18

262

REPORT ON T H E FINANCES.

The following table exhibits the coiner's deliveries for the fiscal
year:
Pieces.

Denomination.

Value.
•

Gold:
D o u b l e eagles
Eagles
Halfeagles .

758,000
694,250
898,000
2,350,250

26,592,500

762,000
1,716,000
6,250,000
1,557,000

381,000
429,000
625,000
1,557,000

.

Total

-

Silver:
Half d o l l a r s .
.
Quarter dollars
Dimes
P h i l i p p i n e 1 s l a n d s pesos
Total

$15,160,000
6,942,500
4,490,000

.

. .

.

: '.

10,285,000

2,992,000

12,635,250

Total coinage.

29,584,500

The percentage of coins produced from the amount operated upon
was gold 56.19 per cent and silver 55.77 per cent.
At the annual settlement of his accounts it was found that there
had^been a surplus in this department of 11.039 standard ounces of
gold, valued at $205.38, and a Avastage of 1,038.25 standard ounces
of silver, being 21.76 per cent of the legal alloAvance. The excess of
gold Avas occasioned by the amount obtained from the burning of
the carpets in the adjusting rooms, which netted 30.223 standard
ounces of gold, valued at $562.29, and 13.29 standard ounces of
silver.
A S S A Y E R ' S DEPARTMENT.

The work of this department is shown by the folloAving figures:
Gold assays
Silver assays
Sweeps assays
;
Ounces of proof gold made
Ounces of parting silver cut
Cupels made
Lead cut and rolled

:

Number.
23,949
9,380
' 248
75
700
60,000
60,000

'
.,
•
•

VISITORS.

Notwithstanding that the. mint was closed to visitors after
April 18, 1906, from the commencement of the fiscal year to that
time 46,676 persons availed themselves of the privilege accorded of
witnessing the operations.
EMPLOYEES.

The total number of employees in this mint at the close of the fiscal
year 1906, Avas 190, distributed as follows:
Department.
General department
Melter and refiner's department
Coiner's department
Assayer's department
Total




Men.

AA'omen.
2

68
33
32
14

.41

147

43

DIRECTOR OF T H E M I N T .

263

T H E GREAT EARTHQUAKE AND F I R E .

The mint escaped destruction or serious damage by the earthquake
of April 18 and the fire that followed, although it was the only structure, but one, left standing within many blocks in every direction.
The^ superintendent supplies the following account of the damage
suffered, of the vigorous fight made to saA^^e the edifice, and of the
service rendered to the city by the institution and its staff of officials
and employees in the period of disorganization which followed:
The San Francisco mint building Avas constructed shortly after Avhat was called
the big earthquake of 1868 and was built against damage by future seismic disturbances,
and it is a pleasure to report that, with the exception of a few hundred dollars' damage
to the chimneys of the building, the earthquake did not leave its mark otherwise on
the entire building. There is not a fracture or a crack to be found anywhere in the
massive walls. The damage to the chimneys and stacks was repaired at a comparatively small outlay, but, upon the advice of the superintendent of repairs of public
buildings, it was decided to cut doAvn the height of the tall smokestacks by taking
about 20 feet off of the tops for the purpose of reducing the possibility of further damage
should we be visited by another earthquake.
The building, howeA^er, was not so fortunate in the matter of damage after escaping
destruction by the great earthquake. As the front of the building sets back from
the street a short distance, and the current of wind was from the building, this part
of the structure was very little injured, the flag pole surmounting the peak on the
front of the building being the only part damaged; but the other sides of the building,
being nearer to the flames, all suffered. On the south end the damage was confined
to the loss of plate-glass windows; on the west end, in addition to the glass, the
sash and window fi^ames were destroyed, and on the north end, besides the loss of the
window finishings, the stone forming the walls Avas badly flaked for the entire face
of the wall. It was here the greatest heat was encountered, the flames having driven
directly against the whole side of the structure. I n addition to this damage a section
of the roof covering probably a space of 30 by 40 feet was burned. During the few
days following the fire, while inexperienced and careless city officials were blowing
down dangerous walls in the vicinity of the mint, several thousand dollars' worth of
plate-^lass windows left in the front of the building were destroyed by the dynamite
explosions. I n all, the damage, in dollars and cents, is estimated to be as follows:
Replacing plate-glass windows, sash, and frames
.$5,000
. Repairing roof, stacks, and altering same
8,000
(The largest part of this outlay, however, comes from reducing the height of the smokestacks.)
For replacing the stonework on the north end of the building
r
40,000
The large platform scales in the street were destroyed and are being replaced at a cost of
400

Inasmuch as the flaked stone on the north end of the building in no way afiects the
comfort or stability of the structure, and the only purpose in replacing it would be to
make a perfect wall, I would suggest that the scarred wall be allowed to remain as a
record of the greatest disaster that ever visited a civilized people, and as a monument
to the heroic conduct of the Government employees who risked their liA^es to preserve
the building. In a feAV years every vestige of the disaster will have been removed
and these scars left on one of the Government's best buildings will be a matter of
interest for the generations to come. The building was saved through the recent
establishment of a fire-protection plant within the - building. About fifty of the
officers and employees of the mint succeeded in reaching the institution and, with
the exception of two or three, they remained in the building fighting the fire until
all danger was passed, and in their efforts to protect the building there was a constant
battle from early morning until quite late in the afternoon. An abundance of water
A ^s supplied froin the artesian well in the mint and forced to the various parts of the
Aa
building by a steam pump.
As the subtreasury had been destroyed and every bank in the city lay in ruins, the
mint was the only financial institution left intact, consequently it immediately became
the financial center and nucleus for the resumption of business, and the point of distribution of financial relief. The assistant treasurer was given offices and vault room
in the building and supplied with money with which to resume business. The banks
organized a union bank, embracing all the leading banks of the city, and they were
afforded spaccf^nd A^ault room, by which they were able to transact a regular banking
business. Besides this, at the request of the President, we became the depository
and treasury for the relief funds until the banks were able to return to business in their
own quarters.




264

REPORT ON THE FINANCES.

. In addition to all this the mint ofiicials handled, in round numbers, $40,000,000—
money that was transferred by telegraph through a system of transferring funds from
various parts of the East to individuals and banks and corporations in this city, made
possible by an order of Secretary of the Treasury Shaw. This was one of the greatest
relief measures instituted, and was received with expressions of gratitude by all.
This Avork was the most arduous of all our labors, employing nearly all of the clerical
force from early morning until late in the evening. Of course we had no system or
method for the transaction of that kind of business, it being entirely foreign to our
usual line of work, but all the money Avas transferred and distributed without loss,
error, or unnecessary delay.
I t ca.n be readily understood that the great fire destroyed the gas and electric lighting
system throughout that portion of the city swept by the conflagration. Our electrician,
however, by the Saturday following the fire, had improvised an electric-lighting plant
by changing over one of our big motors into a generator, so the building and the
streets around Avere lit up by electricity, which helped to add a little cheerfulness
to the desolation and ruin surrounding us.
In addition to protecting the building, our artesian water supply afforded a priceless
blessing to thousands for some AA'eeks after the fire, it being the only source of water for
a great distance around. We arranged supply stations on the outside of the building,
and a coaistant throng of people availed themselves of it all day.
The workmen Avho were not assisting in cleaning up the building, or handling the
vast sums of money being paid out, were detailed into shifts for doing guard duty,
night and day, and inasmuch as there were no restaurants or food-supply places within
a great distance of the mint, it was necessary for us to arrange to furnish food for all
connected with the institution. Some of our workmen who had had experience in
cooking volunteered to act as cooks, while others served as waiters. Our principal
meal was at the lunch hour, Avhen as many as 124 persons AA^ere furnished with meals
in one day. At first these meals Avere supplied gratis, but subsequently it was thought
best to impose a small charge, so as to cover the cost of food necessary to be purchased. When Ave discontinued the restaurant, some time in June, Ave found there
had accumulated a surplus,, after all bills had been paid, of $188.35. This fund was
kept intact until the noAVS of the great earthquake and fire at Valparaiso Avas flashed
across the country, Avhereupon the sum was donated for the relief of the unfortunates
in that section.
I n closing this report I Avould like to make acknoAvledgment of the A^ery generous
and noble response of the officers and employees of the Philadelphia mint who, immediately after receiAdng the ncAvs of the disaster, raised the sum of $863.69 for the relief of
the employees of'this mint who met with losses in the fire, and also to acknowledge the
prompt tender of aid and relief from the people of the United States mint at Denver,
Colo.
THE MINT OF THE UNITED STATES AT NEAV ORLEANS, ^LA.

The mint of the United States at NCAV Orleans was in operation
eight months. On March 1, 1906, coinage operations Avere suspended
b}^' reason of the exhaustion of the bullion supply available for silver
coinage. The greater part of the force of employees Avere furloughed
without pay, and only such employees Avere retained as Avere deemed
necessary to meet the situation.
The assay and melting departments Avere in operation throughout
the fiscal 3^ear.
The standard Aveight and value of the gold and silver deposited at
this mint during the fiscal year was as folloAvs:
Metal.

Deposits.

Redeposits.

Standard
ounces.

517
50

•Gold..
Silver
Total




1

41,486.211
101,163.860

567

1

J 42;650.071

Coining v a l u e .
$771,836.39
117,717.96
•

889,554.35

265

DIRECTOR OF T H E MINT.

Particulars as to the source and character of the deposits and redeposits appear in Tables 1, 2, 3, and 4 of the appendix. Details as to
transfers of mutilated coin for recoinage appear in Table 7.
A special feature of interest is found in the following figures, Avhich
show a marked increase in gold deposited at this mint:
Standard ounces.
6,575.613
21,006.071
41,481.938

1890, deposits of gold
1900, deposits of gold
1906, deposits of gold

Nearl}^ all of this gold came from Central America, mostly from
Nicaragua, and the receipts are steadil}^ increasing.
MELTER AND R E F I N E R ' S

DEPARTMENT.

The amount of gold and-silver delivered by the superintendent to the
melter and refiner during the fiscal year 1906 Avas as folloAA^s:
Standard
ounces.

Metal.
Gold
Silver

Coining v a l u e .

104,636.578
1,153,571.64

§1,946,727.03
1,435,236.87

Total

3,381,963.90

The number of gold and silver ingot melts made by the melter and
refiner and the number condemned b}^ the assayer Avere as follows:
Metal.

Ingots made.

Gold
Silver

'....
'

Ingots condemned.
2
2

31
120

Refinery operations Avere as fOUOAVS :
Gold.
Item.

Bullion s e n t t o refinery
Bullion received from refinery
S u r p l u s recovered
Apparent loss..

Standard
ounces.
50,031.392
50,044.984
13.592

Silver.

Coining v a l u e .
S930,816.59
913,069.46
• 2.52.87
•

Standard
ounces.

Coining v a l u e .

117,455.13
117,392.82

SM8,133.90
146,0.56.38

57.31

66 68

Silver bullion on AA^hich charges Avere collected contained 33,859.15
standard ounces, and silver bullion on which no charges Avere made
contained 83,595.98 standard ounces.
There were used 19,354 pounds of nitric acid and 6,814 pounds of
sulphuric acid in refining 50,044.984 standard ounces of gold, or 0.386
pound of nitric and 0.136 pound of sulphuric acid to each standard
ounce of gold separated.
The refinery was in operation tAvice during the fiscal 3^ear; the first
run was from July 24 to November 9, 1905, and the second run was
from February 23 to May 7, 1906. Only two men were emplo3^ed in
the refinery, and 34 fine gold melts Avere made, averaging 999 in
fineness.
^
From 18 barrels of SAveeps 46.209 ounces of gold and 510.92 ounces
of silver were obtained.



266

REPORT ON THE ^FINANCES.
MELTS M A D E .

Fine gold
Fine silver
Consolidations
Gold deposits

34
17
22
517

:

Silver deposits
Granulations
Grain bars
Miscellaneous

.'

50 •
68
15
,. 25

The annual settlement was made on„Jiine 8, 1906, when there were
turned over to the superintendent in'surplus gold 29.537 standard
ounces; and silver, 508.88 standard ounces.
COINER'S DEPARTMENT.

During the fiscal 37-ear 1906 the coiner received and operated upon
82,706.750 standard ounces of gold. He also received and operated
upon 1,122,160.73 standard ounces of silver.
He manufactured during the same period 46,706.063 standard
ounces of gold coin, valued at $868,950, and 630,943.75 standard
ounces of silver coin, valued at $78.5,000, aggregating 4,983,895
pieces, as shown by the following table:
Denomination.

Pieces.

Value.

GOLD.

Eagles

86,895

$868,950. 00

259,000
1,278,000
3,360,000

129,500. 00
319,500. 00
336,000. 00

SILVER.

Half dollars
Quarter dollars
Dimes

. .

Total...

4,897,000

785,000. 00

Total coinage

4,98?, 895

1,653,950.00

The percentage of coin produced from the amount operated upon
was: Gold, 56.472; and silver, 56.22.
At the annual settlement of his accounts it was found that there
had been a Avastage during the year of 4.553 standard ounces of gold,
being 11.010 per cent of the legal allowance, and 694.66 standard,
ounces of silver, being 61.90 per cent of the legal allowance.
ASSAYER'S DEPARTMENT.

The operations of this department of the mint for the fiscal year
1906 were as folloAvs:
.

N U M B E R OP ASSAYS.
Gold.

Deposits
Mint fine bars..'
Ingot melts
Melter and refiner's consolidated melts
Superintendent's bars
Coiner's grain bars
Melter and refiner's fine melts
Melter and refiner's grain bars
Assayer's bars
Transfer orders
Sweeps
Bullion assay (special)
Total




Silver.

517
37
31
22
4
3
34
10
3
:
L
1
2

50
40
120

665

239 1

i7
5
2
4
1

Total.
567
77
151
22
4
3
51
15
5
5
2
2

267

MRECTOR OF T H E M I N T .

Report of the fineness of the gold and silver ingot melts passed
during the fiscal year 1906:
Number
of m e l t s .

Fineness.

SILVER

GOLD

899.6
899.7
899.8
899.9 . .
900.0
900.1
900.2
900 4

.

Condemned

Number
of m e l t s .

Fineness.

4
3
5
1
6
3
5
2

.

29
2

*

2
6
28
1
76
4
1

898.3.
898.6
898.8.
898.9
899.1
899.3
899.4.

118
2

Condemned
Total .

Total

120

31
EMPLOYEES.

The total number of employees in the mint at the close of the fiscal
year was as follows:
General department
„
Coiner's department
~
Melter and refiner's department
Assayer's department

'.

Total

34
26
7
2
69

THE MINT OF THE UNITED STATES AT DENVER.

At this institution the receipts of gold and silver during the fiscal
year 1906 were as follows:
Deposits.

Metal.
.

..

.•

4,512
. 54

2
14

4,566

Gold
Silver.
Total

Redeposits.

Standard
ounces.
1,390,818.436
253,885.53

16

Coining value.
S25,875,691. 82
295,430. 42
26,171,122.24

Fine gold, chlorination, and cyanide bars predominated, although
retorts from stamp and amalgamating mills, placer clean ups, and
jeweler's plate furnished a fair percentage.
Domestic bullion refined carried 619,876.585 standard ounces gold
of a coinage value of $11,532,587.63, while the metallurgical plants
manufacturing high-class bars below 990 assay fineness furnished
544,963.935 standard ounces gold of a coinage value of $10,138,863.90
and 4,687.37 standard ounces silver of a coinage value of $5,454.38.
M E L T E R AND R E F I N E R ' S

DEPARTMENT.

The melter and refiner received from the superintendent during
the year metal as shown below:
standard ounces.
2,682,424. 481
1,575,260.'620
1,107,329.322
2,682,589.942

Bullion containing gold
Returned in ingots prior to settlement —
Returned in bars at settlement
Surplus in gold recovered.
Bullion containing silver
. Returned in ingots prior to settlement
Returned in bars at settlement
Surplus in silver recovered.




165.461

'

247,627.10
147,621.76

392,828.80
395,248.86
2,420.06

268

REPORT ON THE FINANCES.

The surplus, as well as the additional amount necessary to cover
actual operating losses, Avas recovered from unreported fractions of
assay, from fractional gains in Aveight of gold deposits, and from the
difference between standard and actual fineness of ingots deliA^ered.
The folloAvinp; melts were made:
Metal.
Gold
Silver

Anodes. Deposits. Mint bars. Ingots.

Special.

Total.

198
8

Total .

4,512
54

151
1

270
69

27
12

5,158
144

206

-

4,566

152

339

39

5,302

During the year tAvo gold ingot melts Avere condemned because
they were not homogeneous. No silver ingot melts were condemned.
Two hundred and ninety-eight sacks of sweeps were gathered during the year, containing, by assay, 132.047 standard ounces of gold
and 866.23 standard ounces of silver.
Refinery operations were as follows:
Item.

Gold.
S t a n d a r d ozs.
1,085,732.899

S t a n d a r d ozs.
• 28,480.94

.

1,007,810.231
77,900.057
87.163

2,666.44
27,501.91
772.95

.

64.552

2,460.36

Delivered t o t h e refinery bullion c o n t a i n i n g
R e t u r n e d in fine b a r s
R e t u r n e d in s e t t l e m e n t b a r s
R e t u r n e d i n sweeps

.

S u r p l u s recovered in refinery . .

Silver.

.
.

. .

.

.

During the fiscal 3^ear ended June 30, 1906, there Avas sent to the
refinery 17,981.19 standard ounces of silver bullion upon Avhich
refining charges were collected, and 10,499.75 standard ounces of
silver owned by the Government upon which no parting charges
were imposed. There Avas returned from the refinery 30,941.30
standard ounces of silver, which included 772.95 standard ounces
recovered from refinery sweeps, showing an apparent gain of 1,687.41
standard ounces silver in refinery.
The average fineness of the fine gold returned from the refinery
during the 3'^ear Avas 0.99985, and in the last operating month. May,
there were produced 361,534.34 ounces of fine gold of an average
fineness of 0.9999+ .
. '
All refining at this mint is done by the electrolytic process, which
was originally adopted and developed at the Philadelphia mint.
Some changes Avere made in minor details in the installation at Denver,
and others have been made since the installation. A neAv anode
mold has been devised which reduces about one-half the amount of
scrap produced in the gold cells. The gold chloride to replenish tho
electrolyte cells is noAV made Avithout nitric acid.
The amount of hydrochloric acid used for each thousand ounces of
gold refined Avas 26.8 pounds.
^
At the annual settlement of the melter and refiner's accounts it
was found that there had been a Avastage during the 3^ear of 110.24
standard ounces of gold, valued at $2,050.97, being 13.99 per cent of
the legal allowance on the amount receiA^ed from the superintendent.




I

269

DIRECTOR OF THE M I N T .

or 14.36 per cent on the amount operated upon; and 61.70 standard
ounces of silver, being 24.91 per cent of the legal alloAvance on the
amount received from the superintendent, or 25.19 per cent of the
amount operated upon.
COINING DEPARTMENT.

The coining department began coining operations February F, 1906.
From that date to the end of the fiscal year the coiner received
1,575,260.62 standard ounces of gold and operated upon 1,535,371.76
standard ounces, and received 247,627.10 standard ounces of silver
and operated upon 244,891.20 standard ounces.
I t manufactured during the same period 2,132,250 pieces of the
value of $17,909,000, as shown by the following table:
Denomination.

Pieces.

Gold:
D o u b l e eagles
Eagles
Half eagles
Total

620,250
439,000
189,000

$12,405,000
4,390,000
945,000

1,248,250

.

17,740,000

128,000
196,000
560,000

64,000
49,000
56,UOO

-

Silver:
Half d o l l a r s
Quarter dollars
Dimes
Total

Value.

:
..

T o t a l coinage

884,000

169,000

2,132,2o0

17,909.000

The percentage of coin produced from the amount operated upon
was: Gold, 62.74 per cent, and silver, 57.11 per cent.
The beginning of coinage operations in this mint, on February 1,
1906, was the most notable incident of the year in the mint service.
I t is the latest of our coinage institutions to be equipped, and should
be, as it is believed to be, in all its methods and eqiupm.ent, the most
completely up to date of them all. I t has had opportunity to learn
from them all, to adopt the best features developed b3'' each, and thus
to get Avhat is probabty the most completely modern equipment possessed by any mint in the Avorld.
The officials and Avorkmen have, however, not been content to simpl3r
accept and use the methods and devices of other institutions, but have
shown a commendable desire to improve upon Avhat has been done
elscAvhere, and in the first year of their experience have made a good
record in this respect.
The ncAV mechanical plant started off smoothly and successfully.
The power plant is a model of efficienc3^ and beaut3^ Particulars as
to it and the other equipment will be found elsewhere. A word is
also due in recognition of the excellent work done by the machine shop
of the Philadelphia mint, where the coining machinery was built.
The most important innovation undertaken in the equipment of
this mint Is the use of oil as fuel for all melting and annealing operations. The first distillate is the grade used and the results are so far
considered, satisfactory. I t floAvs'^freely and evenly and furnishes
under blast a very high heat, Avhich gives results more rapidly than
any other fuel that has been used in the mint service. A comparison
of cost between oil and gas has not yet been submitted, but oil is




270

REPORT ON THE FINANCES.

believed to accomplish a considerable saving. The effect of so
intense a heat upon the furnaces themselves, from an economical
standpoint, has not at this writing been a c t u a l ^ determined,, although
it has been found that fire brick of the highest heat-resisting qualities
is indispensable for lining purposes.
The Denver mint was the first in the service to definitely abandon the
annealing of strips. Other mints of this service had experimented
with a vicAV to doing so, but never heretofore Avith convincing results.
The Denver mint was favored in this respect by having metal of better
quality than has been commonly operated upon in the past. I t is the
first mint to pass all its gold through the electrolytic refinery,
Avhich gives a purer, more ductile product than any other process.
The silver product of private refineries in recent years is uniformly qf
better quality than formerly.
The elimination of strip annealing increases the amount of rolling,
but is believed to reduce the total of expense for the preparation of
blanks.
This department has made a special effort to raise the percentage of
blanks cut from the ingots received and is entitled to credit for distinct success. By using two and three punches in the cutting
machine at once,'^staggered," and adapting the width of the ingot to
them, Avith careful feeding the percentage on silver blanks has beeii
raised as high as 74 and 75 per cent.
An" oiling sAvab has been added to the punches. This swab con,sists of a tightly AVO ven piece of merino wool felt, three-eighths of an inch
thick, cut to snugly fit the male punches and held in place by clamps on
each side, made of copper, and screwed to stripper plate, which uniformly distributes the oil and lubricates the punches. The. swab
increases the life of the punch, requires the niinimum amount of oil,
and prevents the ^oil from running on to the blanks and strips.
The loss of Aveight by oxidation in the planchette annealing process
has been practically eliminated.
ASSAY DEPARTMENT.

The operations of the assay department during the fiscal year 1906
were as IOHOAVS : >
N U M B E R OP ASSAYS.
Total.
Deposit
Mint fine bars
Ingots
Consolidated melts
Transfer orders
Anode melts
Experimental assays
Bullion assays
Copper bars
Coiner's grain bars
Melter and refiner's grain bars.
Superintendent's bars
Assayer's bars
^
.
Sweeps
Total-




1,512
151
270
20

4,566
151
340
20
43
206
135
38
9
6
48
4
14
32

198
117
35
9
5
35
4
12
.32
5,400

212

5,612

DIRECTOR

OF

INGOT

THE

271

MINT.

FINENESSES.

The reported fmenesses of the gold and silver ingot melts during the
fiscal year ended June 30, 1906, were as follows:
Fineness. .

Total.

Fineness.
SILVER—continued.

GOLD.

899.7
899.8
899 9
900.0
900.1

74
111
67
. 14
2

898.7
898.8
898.9
899.0
899.1
899 2
268
899.3
2
899.4 . •
' 899 5
899.7
270
899 8
899.9....
900.0. .
6
9
Total
15

. . . .
- . . . - -

•
Condemned
Total..
SILVER.

898.5 . .
898.6

- -

-

Total.

- . - . . . . .

4
4
3
8
4
2
7
2
2
1
1
1
1

1
FINE GOLD D E T E R M I N A T I O N S .

The reported finenesses of the refined gold melts during the fiscal year
ended June 30, 1906, were as follows:
Total.

Fineness.
999.2
999.3...
999.35
999.4
999 75
999.8 . .
999.85
999.55

Fineness.

2
1
1
2
9
12
24
3

-

.
;

Total.

999.6 . .
999.65
999.7 .
999.9
999.95..
999.99

3
2
4
54
29
5

Total

151

EMPLOYEES.

The total number of officers and employees in the mint at the
close of the fiscal year was 155, distributed as follows:
Department
General department
Melter and refiner's department
Coiner's department
Assayer's department
•»

v.-

ASSAY

OFFICE

AVomen.
3
0
29
0

.
•

•>^

OF

THE

UNITED

STATES

AT

NEAV Y O R K , N . Y .

The receipts of this institution during the year Avere as follows:
Bullion received.

N u m b e r of
deposits.

N u m b e r of
redeposits.

8,528
2,205

Gold
Silver
Total




3
34

10,733

37

Standard
ounces.
3,490,730.043
4,372,687.20

Value.
$64,943,814.65
5,088,217.83
70,032,032. 48

272

REPORT ON T.HE FINANCES.

The gross AA^eight of the bullion as above, 7,573,449.76 ounces,
shows an increase over the previous year of 626,111.34 ounces.
The value of foreign gold bullion and coin was $30,110,530.15, an
increase from that oi last year of $22,615,613.37.
The value of domestic gold in above total Avas $34,833,284.50, a
decrease from that of last year of $8,902,860.77.
' The sources of this domestic bullion (gold) were as follows:
From
From
From
From
From

new production in tbe United States and Territories
:
private refineries
jewelers' bars, jewelers' plate, etc
redeposited bullion (including transfer from Philadelphia mint)
United States gold coin of light weight
'
:

•

$6,912,739. 53
23,744,657.16
3,577,618.74
25,371.87
572,897.20

This statement shows a decrease of $4,333,973.74 in gold deposits
from the amount received last year from private refineries.
Of the silver deposits, the fine silver (757,866 ounces) from private
refineries shoAvs a decrease from that of last 3^ear of 413,182 ounces.
The silver in foreign unrefined and refined silver bullion (2,260,524
ounces fine) shows an increase over that of last year of 515.809 ounces
fine; of the total amount received nearly all (2,171,271 ounces) came
from Mexico.
The redeposits of silver consisted of 74,110.65 standard ounces
contained in fine bars made at this office, 29,460.66 standard ounces
fine bars from Philadelphia, and 125.28 standard ounces of unparted
bars made at the assay office at Seattle and the assa3^ office at Helena.
Of the gross amount of bullion received during the year, 878,000
ounces gold deposits and 3,149,000 ounces silver deposits, approximately, required acid treatment.
Particulars as to the source and character of the deposits and redeposits appear in Tables 1, 2, 3, and 4 of the Appendix. Details as to
deposits of uncurrent coin appear in Table 7.
The surplus silver recovered by the melter and refiner in his operations was 327.38 ounces fine silver.
The wastage of gold by the melter and refiner in his operations Avas
103.37 ounces fine gold.
The amount of bullion delivered to the melter and refiner during the
fiscal year 1905-6 was:
Gold
Silver

:

,

standard ounces.
3,750, 486. 316
5,138,681. 59

The amount of bullion returned by the melter and refiner to the
superintendent during the same period was:
Gold
Silver

:

standard ounces.
3,750,371. 464
5,139,045. 35

There were stamped during the year 51,813 gold bars and 23,437
silver bars.
During the last year there Avere stamped 22,307 gold bars and 44,452
silver bars.
Gold bars issued to depositors of bullion for domestic use
Less redeposits and unparted bars

,14,380,415.92
20,622.32

Gold bars exchanged for gold coin for domestic use

4,359,793.60
18,999,988. 52

Total gold bars issued for use in the arts, etc

23,359,782.12

Showing an increase of $4,877,771.20 compared with last year.



273

DIRECTOR OF T H E M I N T .

The value of gold bars exchanged for coin for export was $1,055,397.42, being a decrease of $27,786,574.83 from that of last year.
The income from the exchange of gold bars for coin Avas $9,845.19.
The force employed in this office at the close of the year comprised
75 men, embracing the superintendent, assayer, melter, and refiner,
and 72 others, distributed as follows:
General department
Melter and^irefiner's department
Assay department
Total

22
38
12

'.

•
MELTER AND R E F I N E R ' S

:..-

72

DEPARTMENT.

This department handled bullion as follows:
The amount of bullion debited to this department Avas:
Item.

Ounces, g r o s s .

S e t t l e m e n t m e t a l , ,Iune, 1905
Gold wire
Silver wire
Gold d e p o s i t s
Silver d e p o s i t s

1,054,288.91
• 188.82
333. 30
3,340,955.368
4,239,996.55

Total

The number of gold deposits melted was
The number of silver deposits melted was
• Total

8,635,762.948

'

Gold.

Silver:

S t a n d a r d ozs.
259,756.273
209. 779

S t a n d a r d ozs.
766,000.57

3,289,241.494
201,278.770

363. 41
206,335.77
4 165,981.84

3,750,486.31.6

5 138 681. 59

9,647
3,360
13,007

The number of fine, mint, standard, and unparted bars made and
delivered to the superintendent Avas of— .
Gold...
Silver..

51,813
23,340

containing 3,123,534.430 ounces of standard gold, and 4,334,480.69
ounces of standard silver.
Deductions on base silver bullion equal 4,113.40 ounces gross,
estimated as containing 3,200 ounces of standard silver. The amount
of metal refined by acid during the year was 4,658,868.84 ounces
gross, containing 869,663.70 ounces of standard gold and 3,815,697.90
ounces of standard silver.
The amount of silver bullion re-refined and upon which no charges >
Avere collected (and included in above statement) Avas 634,191.18
ounces gross, containing 657,650.80 ounces of standard silver.
There was used in the refinery 1,684,328 pounds of sulphuric acid
and 80,094 pounds of reduction copper, the amount stated in each
case being the quantity received during the year ended June 30, 1906.
Two million five hundred and sixty-seven thousand nine hundred
pounds of Avaste acid and 229,001 pounds of blue vitriol were sold,
and there were~delivered, to the superintendent 520'barrels of SAveeps.
Three hundred sixt37--three and seventy-six one hundredths ounces
of standard silver (value $363.76) was returned in settlement June 30,
1906, in excess of the amount debited to the melter and refiner, and
there was a wastage of 114.852 ounces of standard gold (value
$2,136.78), being 3x\ P^r cent of the legal allowance.




274

REPORT ON THE FINANCES.

The following shows the relation between the expenses of parting
and refining and the charges collected therefor:
Receipts:
Charges collected.
Silver surplus
Blue vitriol
AVaste acid
Old iron
Old lead

$107,029.32
363. 76
12,329.13
1,283.97
98.99
1,921.67

•

Expenditures:
Labor, per pay roll
,
Sulphuric acid
Reduction copper
Fuel and steam...'
Fluxes
Miscellaneous
Loss on sale of sweeps and leady melts
AVastage of gold:

'

.•

8123,026.84

49,341.26
17,685. 46
13,067. 42
12,167.03
2,536.22
29,317.72
• 11,041.78
2,136.78

•

137,893.67
Excess of expenditures over receipts

14,866.83

Over $9,000 of above expenses Avas due to purchase of materials for
the new electrolytic refinery, new dressing-room, and also to the
replacing of old apparatus that had worn out, and which. occurs in
such degree only every five.or six 3^ears or more.
Probably $2,000 could havebeen saved on this year's copper account
if it had been possible to have melted at the proper time the scrap
copper that had accumulated for tAvo 3^ears or more, owing to rush of
work and excessive amount of sickness among the workmen, but it is
now melted and this department will receive the benefit in next
year's accounts.
At the close of the year there was on hand considerable metal containing iridium and platinum, the amount of which can not be estimated, but if it could have been sold, would have increased the
receipts considerably.
'ASSAYER'S DEPARTMENT.

In this department during the fiscal 3^ear 1906, there Avere assayed
9,647 melts of gold deposits and 3,360 melts of silver deposits, a total
of 13,007 melts. About 1,400 melts of fine gold and fine silver were
assayed, and fineness stamped upon 51,813 bars of gold and 23,340
bars of silver, a total of 75,153.
Special assays numbered 880, largely articles of jewelry. There
were 560 barrels of SAveeps assayed and the usual assays for the melter
and refiner's department and for settlement, the latter augmented by
a large number made for the examiners during settlement.
The necessary proof gold, silver, and cupels Avere made as usual,
and the year showed a slight increase in all parts of the work.
THE MINT OF THE UNITED STATES AT CARSON j NEV.

At this institution the number of deposits increased quite materially over those of the previous year, the value showing a gain of
$442,754.11.^
The deposits of the year aggregated in value as follows:
Gold
Silver (commercial value)

:.....
•

$735,979.06
3,590.95
739,570.01

These deposits were principally from the State of Nevada. California
deposits amounted to 1,107.956 standard ounces of gold and 591.15
standard ounces of silver. The larger part of the bullion is from




DIRECTOR OF T H E

MINT.

275

the famous Goldfield district; and with the advent of more milling
facilities, a larger amount of bullion will be handled at this institution.
The operations of the assay department required 2,363 assays.
This includes melts, consolidations, bullion, and ore assays.
The force of employees consists of 7 men.
The folloAving table shows the amount of deposits, earnings, and
expenditures, together Avith the percentage of net expenses to deposits
for the fiscal year:
Amount.

Item.
Deposits:
Gold
Silver
Earnings
Expenditures
Percentage of net expense to deposits

$735,979.06
7,539.04
"

•

$743,518.10
1,879.74
10,551.22
---

1.16627

ASSAY OFFICE OF THE UNITED STATES AT BOISE, H)AHO.

At this institution there Avere received during the year 1,698 deposits of bullion, originating in the States of Idaho, Oregon, Montana,
Washington, and Utah.
The office force consists of 9 employees.
No redeposits, silver, foreign coin, or bullion were offered. The
volume of business handled, the earnings and expenditures, and the
percentage of net expense to deposits Avere as follows:
Item.
Deposits:
GoldSilver
Earnings
Expenditures
Percentage of net expeiises to deposits

Amounti

$811,'377.41
25,653.64

1.21122

$837,031.05
3,784.24
13,922.58

ASSAY OFFICE OF THE UNITED STATES AT HELENA, MONT.

At this office, there were 1,141 deposits of gold bullion, unrefined,
during the fiscal year 1906. Of these 1,052 were regular deposits,
and 89 were smaU deposits of less than $50 value in gold, or less
than 500 fine in gold. The weight of the 1,052 regular deposits as
received from the depositors was 148,232.93 ounces; after melting,
146,241.08 ounces, a loss equivalent to 1.344 per cent. The average
fineness of the resulting bullion was gold, 776^; silver, 146.
The coinage value of the gold and silver contained in the deposits
of the year was $2,375,633.18, an average of $2,258.21.
The greater portion of the bullion handled was of domestic production, from the States of Montana, Idaho, Washington, Nevajda,
and the Territory of Alaska. Foreign bulhon, unrefined, was received
from the Northwest Territory, containing 8.988 standard ounces of
gold and 1.75 standard ounces of silver; British Columbia, 6,692.091
standard ounces of gold and 1,617.11 standard ounces of silver;
jewelry, 57.186 standard ounces of gold and 14.12 standard ounces
of silver; redeposits, 329.420 standard ounces of gold and. 113.21
standard ounces of silver in base bars originally made at this office.
The force of employees consists of 13 men.



276

REPORT ON THE FINANCES.

The following table shows the value of deposits, amount of earnings, and expenditures, and the percentage of net expense' to deposits:
Item.
Deposits:
Gold
Silver

Ainount.

$2,347,940. 67
27,692. 51

.,...:-

Earnings
Expenditures
:
Percentage ol net expenses to deposits

ASSAY O F F I C E

OF THE

82013

UNITED

$2,375,633.18
4,155. 69
23,639.09

S T A T E S AT C H A R L O T T E , N . C.

This office Avas a coinage mint for a period of some tAventy-five
years prior to the civil Avar. The business of the office is small, the
deposits being chiefly of gold produced in the South Appalachian
States.
Prof. George B. Hanna, A ^ o had been the skilled^ assayer of this
Ah
institution since March 8, 1870, died on May 21, 1906, and up to
date no successor has been found. The eligible list of the Civil
Service Commission has been exhausted, and efforts have been continuousty made to find a competent man outside of the Commission's
list, but no one to whom the place has been offered has been willing
to accept it p e r m a n e n t ^ at the salar3^ heretofore paid, to wit, $1,250
per annum. Congress should either increase the appropriation for
the Charlotte office or abolish it.
The deposits in the last fiscal 3^ear Avere: Gold, $230,344.95; silver,
$1,759.20, maldng a total of $232,104.15, against $257,098.42 in the
preceding 3^ear—a decrease of $24,914.27.
The total deposits numbered 296, all being gold. There Avere two
redeposits. 'One hundred and fifty-five ore assays Avere made and 18
pieces of chemical work performed.
The employees are 2 officers (males), 1 clerk (female), 2 laborers
(males).
The following table shows the amount of deposits, earnings, and
expenditures; also percentage of net expenses to deposits during the
fiscal year 1906:
Item.
Deposits:
Gold
Silver (coining value)
Earnings
Expenditures
Percentage of net expenses to deposits

ASSAY O F F I C E O F T H E U N I T E D

$230,344.95
1,759.20
'.
•

$232,104.15
1,407.02
4,688.42

1. 41376

S T A T E S A T ST. L O U I S ,

MO.

The receipts of this office Avere the smallest last 3^ear of any office
in the service. They aggregated $221,520.06, showing a reduction
in value compared with those of 1905 of $204,376.47.
The receipts of domestic gold bullion amounted to 10,236.869
standard ounces of gold and 9.02 standard ounces of silver; of
jewelers' bars containing 1,612.687 standard ounces of gold and
435.47 standard ounces of silver; foreign bullion contained 19.021




277

DIRECTOR OF T H E M I N T .

standard ounces of gold and 6.19 standard ounces of silver; uncurrent domestic gold coin, 9.950 standard ounces of gold.
One hundred and seventy-seven melts of gold deposits were
assayed.
There Avere received and assayed 42 special bullion
assays, for which a charge of $2 each Avas made.
The working force of this office consists of assayer in charge and
one clerk, male.
The following statement 'shows the amount of deposits, earnings,
and expenditures, also percentage of net expenses to deposits during
thefisoal year 1906:
Item.
Deposits:
Gold
Silver (coining value)

'.

$220,995.63
524.43

Earnings
Expenditures
Percentage of net expenses to deposits

ASSAY O F F I C E O F T H E

1.39871

UNITED

$221,520.06
447.02
3,545.45

S T A T E S A T D E A D W O O D , S. D A K .

At this office, there were deposited during the fiscal year 1906, 126
deposits of bullion,, valued at $567,068.98, ah from the Black Hills
district. South Dakota.
There Avere 6 button and 31 ore assays and 9 assays on mass
melts, in addition to 126 assays on bullion deposited.
No mutilated or uncurrent gold or silver coins were received during
the year.
The total number of employees in the assay office at the close of the
fiscal year Avas 5 men, all in the general office.
Our business shows a decrease from lastyear, owing to the closing
down of the mills of two of our regular depositors and the burning
of the Horseshoe mill.
The following statement shows the amount of deposits, earnings,
and expenditures, also percentage of net expenses to deposits during
the fiscal year 1906:
Amount.
Deposits: Gold
Silver (coining value)
Earnings
Expenditures
Percentage of net expenses to deposits

$548,188.95
18,880.03
J
1.38731

$567,068.98
1,116.21
8,983.23

ASSAY OFFICE OF THE U N I T E D STATES AT SEATTLE, W A S H .

A change occurred in the head of this institution during the year,
Calvin E. Vilas succeeding Frederic A. Wing, resigned, on March 1,
1906. At the same time H. L. Glenn, formerly first assistant assayer
of the United States assay office at Helena, became first assistant
assayer at the Seattle office, succeeding F. C. Newton, resigned, and
L. S. Kerfoot, of the San Francisco mint, became chief clerk, succeeding T. G. Hathway, who in turn succeeded George E. Adams as
cashier of the office.
FI. Doc. 9, 59-2



278

REPORT ON TFIE FINANCES.

George Edward Adams, who had been a trusted employee of this
institution almost from the time it Avas opened, Avas arrested November 23, 1905, charged with stealing gold from deposits while they
were aAvaiting assay. He was indicted and has since pleaded guilty
to two counts in Avhich the amounts stolen a^'gregated $45,000, and
received a sentence of ten years in the penitentiary at hard labor.
Adams's method Avas to abstract a small amount of gold dust from
each deposit, substituting enough sand to make good the gross
weight by which the deposits are checked until the assays are made.
CiAal suits are pending against him to recover the equivalent of the
thefts and considerable propert3^ has been attached.
The business of this office during the 37^ear is shown by the following
statements:
Bullion received.

N u m b e r of
deposits.

Number ot
redeposits.

Standard
ounces.

Coining v a l u e .

3,595
Total

964,560.646
166,500.25

$17,945,312.67
193,745.74

3,595

Gold
Silver

1,131,060.896

18,139,058. 41

Number of bullion assaj^s determined
Number of lead assays determined.
Number of special bullion assays received
Number of returned bars
Number of ounces iDroof gold manufactured
Number of ounces quartation $ilver manufactured
Number of cupels manufactured
Total weight of deposits before melting.
Total weight of deposits after melting
Average loss in melting

8,478
305
75
8
<
.
None.
'.
550
18,000
troy ounces.. 1,044,501.99
d o . . . 1,035,779.85
per cent..
0.835

Twenty ounces of proof gold were obtained from the United States
mint at Philadelphia in return for an equivalent value of gold cornets.
The 305 lead, assays were made for the collector of customs to
determine duties on ores shipped into this country.
The number of epiployees at the end of the fiscal 3^ear was 31 (all
male), but for six months of the year, during the Avinter season, only
27 men Avere employed, all in general department.
Of the 3,595 deposits received, 3,572 were crude bullion and 23
refined. The great bulk of refined bullion is foreign, coming principally from smelters and refineries in British Columbia.
The source of production of deposits is shoAvn in the following
table:
Gold.
Locality.

Alaska
California.:...'
Colorado
Idaho
Montana
Nevada
Oregon
AVashington
AA''yoming
:
British Columbia
Northwest Territory
Masbate Island.'
...
United States gold received overcounter|
.lewelry bars
Foreigh coin
Total.




Standard
ounces.

Standard
ounces.

561,229.395 $10,441,477.11
291.271
5,419.00
78. 253
1,455.87
2,196. 921
40,872.95
140. 448
2,612.99
23. 511
437. 41
1,830.800
34.061.40
2,190.934
40,761.56
11.012
204. 87
74,772.618
1,391,118.48
321,250.597
5,976,753.62
7. 986
148. 58
8.950
166. 51
467.051
• 8,689.32
60.899
1,133.00
964,560.646

17,945,312.67

75,780.65
85.86
39.82
367. 01
'
39.46
1.49
377. 63
251. 23
.07
11,802.06
77,641.61
3.55
0.00
109. 03

Coining
value.
$88,181.12
99.91
46.34
427. 07
45.92
L73
439.42

292. 34
.08
13,733.31
90,346.60
4.13
0.00
126. 86
.91
193,745. 74

279

DIRECTOR OF THE M I N T .

A comparison of this table with that of last year shows that the
output of Alaska increased $5,645,845.58, while that of the Yukon, or
Northwest Territory, decreased $2,612,245.22. With the exceptions
of Oregon and Washington, from which there Avere slight decreases in
receipts, the other districts shoAved small increases in receipts. The
total increase in receipts for the year 1906 over the year 1905 was
$3,018,846.71.
The receipts from the different districts of Alaska are shoAvn in the
folloAving table:
Gold.
Locality.

Standard
ounces.

Silver.
Coining
value.

Standard
ounces.

Value.

Copper River
Council
-.
.Eagle
Koyukuk
Nome.:
Tanana
Valdez
AVhite Horse.
Unclassified.

784.327
1,881.672
3,564.075
5,104.627
208,243.462
310,230.188
12,787. 412
2,709. 976
15,923.656

$14,592.13
35,007.85
66,308.37
94,969.80
3,874,296.97
5,771,724.43
237,905.34
50,418.16
296,254.06

156. 42
187. 44
573. 64
201.82
21,965.49
47,644.64
1,301.50
456.14
3,293.56

$182.02
218.11
667. 51
234. 85
25,559.84
55,441.03
1,514.47
530. 78
3,832.51

Total..

561,229.395

10,441,477.11

75,780.65

,8,181.12

STATEMENT OF GOLD DEPOSITS PROM THE O P E N I N G OF THE INSTITUTION ON J U L Y
15, 1898, TO THE CLOSE OF B U S I N E S S J U N E 30,
1906.

Number of deposits received
AVeight in troy ounces
AVeight in avoirdupois tons
Coining value

35,554
7,118,076. 55
244.016
$119,574,050.18

:
:
ORIGIN OF THE FOREGOING.

Alaska
British Columbia
Yukon, or Northwest Territory
AVashingto'n, Oregon, Idaho, Northern Cahfornia, etc

$33,320,149.81
7,214,525. 24
77,300, 497. 42
1,738,877. 71

."

Total

119,574,050.18

The folloAAdng statement shows the amount of deposits, earnings,
and expenditures, also percentage of net expenses to deposits, during
the fiscal year 1906:
Items.
Deposits:
Gold
Silver (coming value)
Earnings
Expenditures
Percentage of net expenditures to deposits

$17,945,312.67
193,745.74

$18,139,058.41
27,058.47
45,849.31

0.10359

QUANTITY OF METAL OPERATED UPON. WASTAGE, AND
CAL Y E A R 1906.

LOSS, F I S -

The quantity of precious metals operated upon in the different
departments of the mints and assay office at New York during the
fiscal year 1906aggregated 19,889,193.560 standard ounces of gold
and 26^180,465,44 standard Quiices pf silver,



280

REPORT ON THE FINANCES.
GOLD.

Institution and
department.

Amount
delivered
by superintendent.

S t a n d , ozs.
P h i l a d e l p h i a mint':
M e l t e r a n d refiner 3,786,726.346
Coiner
3,191,138.460
San Francisco m m t :
Melter a n d refiner 3,321,979.710
2,586,244.280
Coiner
New Orleans m i n t :
• Melter a n d refiner
99,136.865
82,706.750
Coiner
Denver mint:
Melter a h d refiner 2,682,424.481
1,675,260.620
Coiner
N e w Y o r k a s s a y office:
Melter a n d refiner 3,750,486.316

Legalallowa n c e on
amount
delivered.

Amount,
returned
to superintendent.

Amount
operated
upon.

S t a n d , ozs

S t a n d , ozs.

S t a n d , ozs.

Sm-plus.

Actual
wastage.

L o s s of
legal
allowance.

S t a n d , ozs Stand., ozs P e r ct.

3,786.726 3,786,519.891* 3,701,882.370
1,595.569 3,191,023.388 3,163,926.060

206.455
115.072

4.553

114.852

99,136.865
82,706.750

3.06

29.537

2,682.424 2,682,589.942 2,660,993.519
787.630 1,575,150.380 1,535,371.760

13.99

378.485
11.039

99,166.402
82,702.197,

11.01

110.240

3,321.979 3,322,035.386 2,974,555.967
1,293.122 2,586,255.319 2,545,624.540

5.45
7.21

165.462

99.136
41.353

3,750.486 3,750,371.464 3,124,995.729

Total:
Melter a n d
refiner
13,640,753.718 13,640.751 13,640,683.085 12,561,564.450
Coiner
7,435,350.110 3,717.674 7,435,131.284 7,327,629.110

573.484
11.039

321.307
229.865

Grand total
21,076,103.828 17,358.425 21,075,814.369 19,889,193.560

584.523

•551.172

SILVER.
Philadelphia mint:
Melter a n d refiner 5,529,003.23
Coiner
'3,929,033.90
San Francisco mint:
Melter a n d refiner 5,332,530.50
Coiner.
4,773,048.75
New Orleans m i n t :
Melter a n d refiner 1,135,842.16
Coiner
1,122,160.73
Denver mint:
392,828.80
Melter a n d refiner
Coiner
247,627.10
N e w Y o r k a s s a y office:
Melter a n d refiner 5,138,681.59

8,293.50
3,929.03

5,538,423.25
3,926,960.34

5,384,416.65
3,929,033.90

9,420.02

7,998.79
4,773.04

5,328,086.55
4,772,010.50

5,146,174.33
4,592,746.45

6,607.91

1,703.76
1,122.16

1,136,351.04
1,121,466.07

1,135,842.16
1,122,160.73

508.88

589.24
247.62

395,248.86
247,565.40

276,108.04
244,891.20

2,420.06

7,708.02

5,139,045.35

4,349,091.98

363.76

2,073.56
1,038.25

21.77

694.66

61.90

61.70

Total:
-^
Melter a n d
refiner
17,528,886.28 26,293.31 17,537,155.05 16,291,633.16 19,320.63
Coiner
10,071,870.48 10,071.85 10,068,002.31 9,888,832.28

52.78

24.91

3,868.17

Grand total
27,600,756.76 36,365.16 27,605 157.36 26,180,465.44 19,320.63. 3,868.17




281

DIRECTOR OF T H E M I N T .

. The value of the precious metals wasted in the metallurgical and
mechanical departments was $12,247.62. A loss of $13,836.52
occurred from the difference between the assay value of the bullion
contained in sweeps and leady melts sold and the amount received
for the same.
WASTAGE AND L O S S ON SALE OP SAVEEPS, FISCAL Y E A R
Mint a t Items.

Melter a n d refiner's gold w a s t a g e .
Coiner's gold w a s t a g e
Coiner's silver w a s t a g e
L o s s o n sale of sweeps .
L o s s o n sale of l e a d y m e l t s
Total
P a i d a s follows:
From contingent appropriation.
. .
F r o m p a r t i n g a n d refining a p propriation.
Total

Philadelphia.

San F r a n - New Or-,
leans.
cisco.

Denver.

~

$3,841.02
2,140.87
1,065.76
1,367.08

$522.20
1,105.33

$84.70
372.04
322.33

1,627.53

779.07

2,084.25

7,495.65

1,627.53

779.07

A s s a y office a t N e w
York.

$2,050.98
33.27

8,414.73

1906.

2,084.25-

.

$2,136.78
10,451.37
590.41

919.08
8,414.73

Total,

$5,977.80
4,276.55
1,993.27
13,246.11
590.41

13,178.56

26,084.14

11,986.50
13,178.56

1,627.53

779.07

2,084.25

14,097.64

13,178.56

26,084.14

The Avastage and losses aggregated $26,084.14. Against these
losses there Avere gains arising from the operations in bullion, as follows :
Character of gains.
Surplus bullion returned by operative ofiicers
.•
Precious metals received in grains and sweeps
,
Gains on bullion shipped from the minor assay offices to the mints for coinage
Total gain

Fiscal year
1906.
$21,645.96
22,409.46
5,058.18
49,113.60

Deducting the incidental gains on bulhon from the value of the
total operative Avastage and loss on sale of sweeps, there was a net gain
in the operations of the mints during the fiscal year of $23,029.46.
SUMMARY OF THE W O R K OF THE MINOR ASSAY OFFICES.

The institutions of the mint service consist of the coinage mints at
Philadelphia, San Francisco, New Orleans, and Denver; the mint at
Carson,- which at present is conducted as an assay office; the assay
office at New York, which, like each of the coinage mints, operates a
refinery, and the minor assay offices at Boise, Helena, Charlotte,
St. Louis, Deadwood, andSeattle. Bullion is received at the assay
offices on the same terms as at the mints, except that an additional
charge of one-eighth of 1 per cent is made at the former. Bullion
purchased at the assay offices becomes the property of the Government, and is shipped to the mints at the expense of the Government.
The express charges upon bullion shipped from the minor offices to
the mints and upon coin from the mints to the assay offices during
the year amounted to $56,753.69, and on shipment of gold and silver




.282

REPORT ON T H E FINANCES.

bullion from the assay office at NCAV York to the mint at Philadelphia
to $4,095.02. The cost of maintaining these minor offices and a
statement of their deposits and earnings are given beloAv:
DEPOSITS, E A R N I N G S , AND E X P E N D I T U R E S , AVITH PERCENTAGE
TO DEPOSITS.

Number
of
deposits.

Institution.

OP N E T

EXPENSES

Earnings.

Deposits.

Expenditures.

Percentage
of n e t expenses t o
deposits.
1.16627
1.21122
.82013
1.41376
1.39871
1.38731
10359

351
1,698
1,141
296
177
126
3,595

Total

$743,518.10
837,031.05
2,375,633.18
232,104.15
221,520.06
567,068.98
18,139,058.41

$1,879.74
3, 784.24
4,155.69
1,407.02
447.02
1,116.21
27,058.47

$10,551.22
1.3,922.58
23,639.09
4,688.42
3,545.45
8,983.23
45,849.31

7,384

Carson
Boise
Helena
Charlotte
St. Louis
Deadwood
Seattle..

23,115,933.93

39,848.39

111,179.30

The melts of gold and sih^er for ingots made and condemned,
and the percentage of finished coin produced from ingots operated
upon during the fiscal year 1906:
Gold.
Melts of gold
ingots—
Coinage m i n t .
Made.

Philadelphia
San Francisco
New Orleans
Denver

Condemned.

610
942
31
270

1
67
2
2

1,853

.......

Melts of silver
ingots-

Made.

72

/

Total

Silver.
Percentage
of finished
gold coin
produced
from i n g o t s
operated
upon.

Condemned.

999
2,698
120
69

1
7
2
2

3,886

34.45
56.19
56.47
62.74

Percentage
of finished
silver coin
produced
from i n g o t s
operated
upon.

12

54.59
55 77
56.22
57 11

RECEIPTS OF GOLD BULLION AT MINTS AND ASSAY OFFICES, FISCAL YJEAR
Deposited.

Institution.
Deposits.

Redeposited.
Surplus
bullion
recovered.

Receipts
from assaj''
offices.

Government
bars.

$2,146,534.87 $770,830.72
$475.66 $23,025,126.50 $10,083,954.47
592,862.17
35,838,184.33
7,246.96
740,465.73 '"3i,'29i.'i6"
668. 57
79.50
25,830, 485.88
45,205.94
11,005.19
64,918,442.78
25,371.87
735,979.06
96:41
2,341,811.92
123.72
6,128.75
811,377.41
644.63
752. 54
229,592.41
220,995.63
34.20
234. 49
548,188.95
973.07
17,945,312.67

Philadelphia
San Francisco
New Orleans.
Denver.
New York
Carson
Helena
Boise
Charlotte
St. L o u i s
Deadwood
Seattle
Total

Uncurrent
United
States
coin t r a n s ferred for
recoinage.

152,307,371.64




1906.

802,121.88 21,502.90- 23,617,988.67

10,161,493.07

Total.

$36,026,922.22
36,438, 293. 46
772, 504 96
25,886,697.01
64,943, 814.65
736,075. 47
2,348,064.39
812,022.04
230,344.95
221,029.83
548,423.44
17,946,285.74
186,910,478.16

DIRECTOR OF T H E M I N T .

283

DISPOSITION OP GOLD BULLION AT MINTS AD ASSAY OFFICES, FISCAL Y E A R 1906..

Bars paid
depositors.

Institution.

Shipped t o
m i n t for
coinage.

Sold i n
sweeps.

Bars
exchanged
for coin.

Coinage.

AVastage.

Total.

Philadelphia..
$3,902.87 $11,536.20 $6,392,212.53 a.$20,261,887.82 $5,981.89 $26,786,081.90
$110,560.59
San Francisco.
2,099.43
7,065.82 4,099,966.43 26,592,500.00
30,701,631.68
New Orleans..
9,644.81
1,222.95
868,9.50.00
84.70
879,902.46
Denver
93,068.75
17,740,000.00 2,050.98 17,835,119.73
N e w Y o r k . . . . 4,425,099.84 10,082,553.44 26,685.82 20,055,385.94
, 2,136.78 34,591,861.82
592,965.80
Carson
592,965.80
28,939.81 2,380,745.67
Helena
2,409,685.48
742,335.49
742,335'. 49
Boise
224,330.03
6,014.92
Charlotte
. 230,344.95
221,810.04
St. L o u i s . .
221,810.04
Deadwood
525,269.16
525,269.16
Seattle
943.48 19,055,814.91
19,056,758.39
T o t a l . . . 4,676,371.63 33,829,727.4146,510.79 30,547,564.90

65,463,337.82 10,254.35 134, .573,766.90

a Of this amount, $12,461,240.32 was coinage for the Govermnent of Mexico.
RECEIPTS,

DISPOSITION, AND BALANCES OF GOLD BULLION AT MINTS
OFFICES, FISCAL Y E A R 1906.
Balance on
Receipts durh a n d J u n e 30, fiscal y e a r 1906.
1905.

Institution.
Philadelphia
San F r a n c i s c o
New Orleans
Denver
New York
Carson
Helena
Boise
Charlotte
St. Louis
Deadwood
Seattle

Total.

$36,026,922.22 $45,477,693.35
44,197,169.82
36,438,293.46
1,277,394.43
•772,504.96
25,886,697.01' •39,833,813.49
64,943,814.65
81,631,162.76
736,075.47
741,979.25
2,348,064.39
2,437,459.76
812,022.04
865,958.44
230,344. 95
230,344.95
18,640. 53
221,029.83
239,670.36
28,860.56
548,423.44
577,284.00
3,375,290.73
17,946,285.74
21,321,576.47

$9,450,771.13
7,758,876.36
504,889. 47,
13,947,116.48
16,687,348.11
5,903.78
89,395.37
53,936.40
. .

51,921,028.92

Total....

186,910,478.16

238,831,507.08

Disbursements
d u r i n g fiscal
y e a r 1906.

AND ASSAY

Balance on
h a n d J u n e 30,
1906.

$26,786,081.90
30,701,631.68
879,902.46
17,835,119.73
34,591,861.82
592,965.80
2,409,685.48
742,335.49
230,344.95
221,810.04
525,269.16
19,056,758.39

$18,691,611.45
13,495,538.14
397,491.97
21,998,693.76
47,039,300.94
149,013. 45
27,774.28
123,622.95

134,573,766.90

104,257,740.18

17,860.32
52,014.84
2,264,818.08

AMOUNT AND COST OF ^SILVER BULLION PURCHASED UNDER ACT OF F E B R U A R Y 28,
1878, AND T R A N S F E R R E D FROM THE RESUMPTION ACT; AMOUNT AND COST U S E D
IN COINAGE OF STANDARD DOLLARS, W A S T E D AND SOLD I N SAA^EEPS; DOLLARS
COINED, AND SEIGNIORAGE ON SAME.
Disposition.

F i n e ounces.

A m o u n t p u r c h a s e d a n d cost of s a m e
A m o u n t t r a n s f e r r e d from silver p u r c h a s e d u n d e r r e s u m p t i o n a c t . . .

Disposition.
Stand.ard dollars coined

...

310,1.33,838.77

292,488,378.95
591,455.42
1.69
...

$308,279,260.71
1,854,578.06

293,079,836.06

T o t a l a r a o u n t a v a i l a b l e for coinage
Used in coinage of s t a n d a r d d o l l a r s
W a s t e d a n d sold in s w e e p s .
A m o u n t t r a n s f e r r e d t o a c t ot J u l y 14, 1890
T o t a l a r a o u n t used

Cost.

291,272,018.56
1,807,817.50

309,519,425.14
614,411.89
.. 1.74

293,079,836.06.

310,133,838.77

Coinage.
$378,166,793.00

Seigniorage.
$68,647,367.85

AMOUNT AND COST OF T R A D E DOLLARS R E D E E M E D UNDER ACT OF MARCH 3, 1887,
AND U S E D IN THE COINAGE OF SUBSIDIARY SILA^ER COIN AND STANDARD SILVER
DOLLARS, WASTED AND SOLD IN SAVEEPS, AND SEIGNIORAGE.
A m o u n t redeemed.

Fine'Ounces.

Cost.

T o t a l a m o u n t redeemed a n d face v a l u e of s a m e

6,018,921.55

$7,689,036.00

U s e d i n t h e coinage of s u b s i d i a r y silver
U s e d i n t h e coinage of s t a n d a r d d o l l a r s
AVasted a n d sold i n sweeps
A m o u n t t r a n s f e r r e d t o a c t of 1890..

2,089,838.36
3,927,880.68
1,187.00
15.51

2,668,654.88
5,018,844.11
1,517.08
19.93

6,018,921.55

7,689,036.00

T o t a l a m o u n t used




284

REPORT ON T H E FINANCES.

AMOUNT

AND COST

OF T R A D E

DOLLARS

REDEEMED

UNDER

ACT OF MARCH

3,

1887, ETC.—Continued.
Coinage.

Disposition.

Seigniorage.
$220,356.12
59,627.89

$2,889,011.00
5,078,472.00

S u b s i d i a r y silver coined
S t a n d a r d d o l l a r s coined

AMOUNT AND COST OF SILVER BULLION PURCHASED UNDER ACT OF J U L Y 14, 1890,
AND U S E D I N THE COINAGE OF STANDARD SILA^ER DOLLARS AND SUBSIDIARY SILVER
COIN, WASTED AND SOLD I N SAVEEPS, AND SEIGNIORAGE, FROM AUGUST 13, 1890,
TO J U N E 30, 1905.
Disposition.

F i n e ounces.

Cost.

T o t a l a m o u n t p u r c h a s e d a n d c o s t of s a m e .

168,674,682. 53

U s e d i n t h e coinage of s t a n d a r d silver d o l l a r s t o J u n e 30, 1905
U s e d i n t h e coinage of s u b s i d i a r y silver t o J u n e 30, 1905
AVasted a n d sold i n s w e e p s .
. . . .
Transferred t o subsidiary purchase account

144,653,962.44
23,957,149.29
63,570.37
.43

134.192,501.95
21,675,964-. 39
62,535.64
.27

168,674,682.53

155,931,002.25

Total a m o u n t used
Disposition.

Coinage.

S t a n d a r d silver d o l l a r s coined t o .June 30, 1905
S u b s i d i a r y silver coined' t o J u n e 30, 1905

$155,931,002.25

Seigniorage.

$187,027,345.00
33,118,575.05

$52,834,843.05
11,442,610.66

MOVEMENT OF GOLD FROM THE PORT OF NEAV YORK.

The superintendent of the United States assay oifice at NCAV York
has prepared the folIoAving tables, giving exports of gold through thfe
port of New York:
STATEMENT OF U N I T E D STATES GOLD COIN AND GOLD BULLION E X P O R T E D , FROM
THE P O R T OF NEAV Y O R K TO E U R O P E DURING THE FISCAL Y''EAR, 1906.

Country.

Date.

Amount.

R a t e of
ex- •
change.

1905.
Julys......:.
July 14
October 3 1 . . .
December 9 . .
December 30.

France
England..
do
Germany.
England..

$1,004,099
4,350
15,360
2,000
1,640

$4.87
4. 86f
4.86f
4.85f
4.85f

January to June.
Total

1,027,449
RECAPITULATION OF GOLD EXPORTS TO E U R O P E :
Description.

France.

F o r e i g n coin
U n i t e d S t a t e s a s s a y office b a r s (New Y o r k )
Bullion
I n ore
Total
Grand total of exports to Europe




Germany.

England.

$116,020
1,004,099
$2,000

.

1,120,119

$19,710
1 640

2,000

21 350
$1,143,4

DIRECTOR

285

OF T H E M I N T .

During the same period there were shipped to West Indies, Mexico,
Central America, South America, and Cuba, the following, viz:
United States coin

'.

$5,337,461

Foreign coin

i, 232,976

Total gold exports to other ports

$6,570,437

Grand total of gold exports.. .•

7,713,906

The imports during the same period were as follows:
From Europe:
United States coin
.'
$24.121,842
Foreign coin
5^ 214,850
Bullion
:
20,749,916
Total gold from Europe.
.'
50,086,608
From other ports (AA'est Indies, Mexico, Central America, South America, and
Cuba):
United States coin
1,211,333
Foreign coin
•
660,368
• Bullion
,
2,325,635
In base bullion and ore
842,298
Total from other ports
Grand total of gold imports

5,039,634
•'.

:

55,126,242

During the same period there A ^s exported to England copper
Aa
matte containing 80 ounces fine gold and 2,000 ounces fine silver.
NET EXPORTS UNITED STATES GOLD

COIN.

The net exports of United States gold coin from January 1, 1870,
to June 30, 1906, Avas $668,758,997, as shown by the following table:
Terioa.

Imports.

J a n . 1 t o J u l y 1,1870
F i s c a l year—
1871...
1872
1873.
1874
1875
1876. .
1877
1878. .
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890

Exports.
$0,384,250

$7,325,783
3,654,859
18,207,559
7,577, 422
• 4,796,630
8,112,265
3,824,692
3,352,090
1,687,231
5,862,509
5,181,512
1,403,619
1,949; 552

55,491,719 1
40,391,357
35,661,863
28,766,943
59,309,770
27,542,861
21,274,565
6,427,251
4,120,311
1,687,973
1,741,364
29,805,289
4,802,454
12,242,021
2,345,809
5,400,976
3,550,770
3,211,399
4,143,939
3,951,736

Period.

Imports.
$2,824,146
15,432,443
6,074,899
30,790,892
10,752,673
10,189,614
57,728,857
40,590,947
7,779,123
8,659,856
3,311,105
3,870,320
1,519,756
5,780,607
2,236,399
35,251,921

Total

$67,704,900
42,841,963
101,844,087
64,303,840
55,096,639
77,789,892
23,646,565
8,402,216
27, 425,587
30,674,511
8, 425,947
9,370,841
18,041,660
15,682,424
54,409,014
20,573,572

315,729,281

Fiscal year—Cont d.
1891
1892
1893
1894
1895
1896
• 1897
1898. . . .
1899
1900. .
1901
1902
1903
1904
1905
1906

Exports.

984,488,278

Net exports

STOCK OF MONEY IN THE UNITED

668,758,997

STATES.

I t has been the custom to present in the reports of. this Bureau an
estimate of the stock of domestic gold and silver coin in the United
States at the end of each calendar and fiscal year.
OFFICIAL T A B L E OF STOCK OF COIN IN THE U N I T E D STATES J U N E 30,

Items.

Gold.

E s t i m a t e d s t o c k of coin J u n e 30, 1905
N e t i m p o r t s U n i t e d S t a t e s coin, fiscal y e a r 1906
U n i t e d S t a t e s coin r e t u r n e d in t r a n s p o r t s from t h e
P h i l i p p i n e I s l a n d s , n o t recorded a t t h e c u s t o m h o u s e , fiscal y e a r 1906
Coinage, fiscal y e a r 1906
Total

:

. •

:...

Silver.

.

Total.

$1,305,960,157
14,678,349

$683,053,054
862,348

$1,989,013,211
15,540,697

53,002,098

a 64,956
4,016,368

64,956
57,018, 466

687,996,726

2,061,637,330

1,373,640,604

•

a Of this amount $25,152 were in one-dollar pieces.




1906.

286

REPORT ON T H E FINANCES.

OFFICIAL T A B L E OF STOCK OF COIN I N THE U N I T E D STATES J U N E 30, 1906—Cont'd.
Gold.

Total
E s t i m a t e d s t o c k of coin i n t h e U n i t e d S t a t e s
J u n e 30,1906

$1,420,276

3,500;000

100,000

3,600,000

5,028,553

•

Silver.

$1,528,553

Items.
Loss:
U n i t e d S t a t e s a n d H a w a i i a n coin m e l t e d for r e coinage (face value)
U n i t e d S t a t e s coin e s t i m a t e d t o h a v e been used i n
the a r t s . .

1,520,276-

6,548,829

1,368,612,051

Total.

$2,948,829

2,055,088,501

686,476,450

NOTE.—The number of standard silver dollars coined to June 30, 1906, was 570,270,610, which, added
to the Hawaiian dollar coinage of 500,000 plus the number imported from the Philippine Islands—
150,000—and the number returned in Government transports from the Phihppine Islands—462,730—
equals 571,385,340. Since July 1, 1898, the number of standard silver dollars exported in transports has
been 2,495,000, and since 1883 the number melted has been 183,992 (seepage 286), and the number of
Hawaiian dollars melted to June 30, 1906, has been 454,818, a total disposition of 3,133,810, leaving in
the United States on June 30,1906, 568,251,530 standard silver dollars and $118,224,920 in subsidiary silver
coin.
BULLION I N M I N T S AND ASSAY O F F I C E S - J U N E 30, 1906.
Metal.
Gold
Silver (cost)

Value.
$.104, 383,158
1, 482,470

j

105,865,628

Total
METALLIC STOCK, J U N E 30, 1904, 1905, AND 1906.
Coin a n d bullion.
Gold
Silver

J u n e 30, 1904.

Total

»
.

J u n e 30, 1906.

$1,357,881,186
686,401,168

$1,472,995,209
687,958,920

2,010,055,949

•

J u n e 30, 1905.

$1,327,672,672
682,383,277

2,044,282,354

2,160,954,129

OAVNERSHIP OF GOLD AND SILVER IN THE U N I T E D STATES J U N E 30, 1906.
Silver coin a n d b u l h o n .
Gold coin
a n d bullion.

0%vnership.

Silver dol- S u b s i d i a r y
coin.
lars.

Silver
bullion.

T o t a l silver.

United States
Treasury
(free)
$287,778,286 $19,730,108 $6,595,416 $1,482,470 $27,807,994
U n i t e d S t a t e s T r e a s u r y (for
certificates o u t s t a n d i n g ) . 516,561,849 471,520,054
471,520,054
22,955,352
N a t i o n a l b a n k s ( J u n e 1 8 ) . . . 118,513,281 11,585,583 11,369,769
N a t i o n a l b a n k s (for clearing h o u s e certificates)
69,197,000
P r i v a t e b a n k s a n d individuals
480,944,793 65,415,785 100,259,735
165,675,520
Total

1,472,995,209 568,251,530 118,224,920
LOCATION

OP MONEYS OF

METALLIC
Gold b u l l i o n
Silver bullion
Gold coin
Silver d o l l a r s
S u b s i d i a r y silver coin

Total metallic
PAPER.
L e g a l - t e n d e r n o t e s (old issue)
L e g a l - t e n d e r n o t e s ( a c t J u l y 14,1890)
National-bank notes
^
Total notes

•...

I n national
banks, June
18, 1906.

10,740,796
48,680
13,111, 122
23,900,598

165,246,347
b 34,039,978
199,286,325

I n other
b a n k s a n d in
circulation.

$480,944,793
65,415,785
100,259,735
646,620,313
170,693,873
7,337,320
513,688,060
691,719,253

a Includes $69,197,000 gold clearing-house certificates.
b Includes $5,756,759 of their own notes held by difi'erent national banks.




988,081,903
141,468,633
69,197,000
646,339,313

1,482,470 687,958,920 2,160,954,129

$104,383,158
1,482,470699,956,977 a$187,710,281
491,250,162
11,585,583
6,595,416
11,369,769
1,303,668,183
210,665,633

1

$315,867,280

THE U N I T E D STATES J U N E 30, 1906
I n Treasury.

Money.

T o t a l gold
a n d silver,
coin a n d
buhion.

Total.

$104,383,158
1,482,470
1,368,612 051
568,251,530
118,224,920
2,160,954,129
346,681,016
7,386,000
560 839 160
914,906,176

DIRECTOR OP T H E M I N T .
LOCATION

OF MONEYS

OF THE U N I T E D

STATES J U N E

287
30, 1906—Continued.

In other
In national
In Treasury. banks, June banks and in
circulation.
18, 1906.

Money.

PAPER—continued.
Gold certificates
Silver certificates . .

$43,498,020
5,952,946
49,450,966

Total certificates
Grand total

$193,479,710
81,841,914
275,321,624

•

685,273,582

Total.

$323,082,139
389,678,140
712,760,279
2,051,099,845 $3,075,860,305

ESTIMATED STOCK OF GOLD AND SILVER I N THE U N I T E D STATES AND THE AMOUNT
P E R CAPITA AT THE CLOSE OF EACH FISCAL Y E A R SINCE 1873.
T o t a l coin a n d b u l l i o n .

Per capita.

Population.

Fiscal y e a r e n d e d J u n e 30—

Gold.
1873.
1874.
1875.
1876.
1877.
1878.
1879.
1880.
1881.
1882.
1883.
1884.
1885.
1886.
1887,
1888.
1889.
1890.
1891.
1892,
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
,1903
1904
1905
1906

41,677,000
42,796,000
43,951,000
45,137,000
46,353,000
47,598,000
48,866,000
50,155,783
51,316,000
52,495,000
53,693,000
54,911,000
56,148,000
57,404,000
58,680,000
59,974,000
61,289,000
62,622,250
63,975,000
65,520,000
66,946,000
68,397,000
69,878,000
71,390,000
72,937,000
74,522,000
76,148,000
76,891,000
77,754,000
79,117,000
80,847,000
81,867,000
83,259,000
84,662,000

$135, 000,000
147, 379,493
121, 134,906
130, 056,907
167, 501,472
213, 199,977
245, 741,837
351, 841,206
478, 484,538
506, 757,715
542, 732,063
545, 500,797
588, 697,036
590, 774,461
654, 520,335
705, 818,855
680, 063,505
695, 563,029
582,852
• 646,
664, 275,335
597, 697,685
627, 293,201
636', 229,825
599: 597,964
696^ 270,542
86I: 514,780
962! 865,505
1,034: 439,264
1,124: 652,818
1,192: 395,607
1,249:,552,756
1,327: 672,672
1,357 ,881,186
1,472 ,995,209

Silyer.

Gold.

Silver.

$6,149,305
10,355,478
19,367,995
36,415,992
56,464,427
88,047,907
117,526,341
148,522,678
175,384,144
203,217,124
233,007,985
255,568,142
283,478,788
312,252,844
352,993,566
386,611,108
420,548,929
463,211,919
522,277,740
570,313,544
615,861,484
624,347,757
625,854,949
628,728,071
634,509,781
637,672,743
639,286,743
647,371,030
661,205,403
670,540,105
677,448,933
682,383,277
686,401,168
687,958,920

$3.23
3.44
2.75
2.88
3.61
4.47
5.02
7.01
9.32
9.65
10.10
9.93
10.48
10.29
11.15
11.76
11.09
11.10
10.10
10.15
8.93
9.18
9.10
8.40
9.55
11.56
12.64
13.45
14.47
15.07
15.45
16.22
16.31
17.40

$0.15
.24
.44
.81
1.21
1.85
2.40
2.96
3.41
3.87
4.34
4.65
5.05
5.44
6.00
6.44
6.86
7.39
8.16
8.70
9.20
9.13
8.97
8.81
8.70
8.56
8.40
8.42
8.50
8.48
8.38
8.33
8.24
8.12

Total
metallic.
$3.38
3.68
3.19
3.69
4.82
6.32
7.42
9.97
12.73
13.52
14.44
14.58
15.53
15.73
17.15
18.20
17.95
18.49
18.26
18.85
18.13 •
18.31
18.07
17.21
18.-25
20.12
,21.04
21.87
22.97
23.55
23.83
24.55
24.55
25.52

UNITED STATES GOLD COIN IN CANADA.

The holdings of United States gold coin in the Dominion of Canada
treasury on the SOth of December, 1905, was $29,494,298; the holdings of the charterbanks (34 in number) on the same date aggregated ,,
$11,320,323, or 57.56 per cent, of their specie holdings. The total
amount of United States gold coin in sight in Canadian reserves on
the foregoing date was, therefore, $40,814,621.
WORLD'S STOCK OF MONEY.

The monetary systems and an estimate of the approximate stock
of gold, silver, and uncovered paper money in the different countries
of the world a t the close of the calendar year 1905, are shown in the
following table compiled from official and unofficial sources, the latter
being used only in the absence of official information:



288

REPORT ON T H E FINANCES.

MONETARY

SYSTEMS AND APPROXIMATE

STOCKS

OF

MONEY,

IN

THE

AGGREGATE

S t o c k of gold.
Country.

Monetary
standard,

Monetary unit.

United States
Austria-Hungary
Belgium
British Empire:
Australasia
.Canada
United Kingdom .
India

Gold.,
-...do.
...do.

S o u t h Africa
Straits S e t t l e ments./
Bulgaria
Cuba
Denmark
EgyptFinland
France
Germany
Greece
Haiti
Italy
Japan
, —
Mexico
Netherlands
Norway
Portugal
Roumania
'
Russia
Servia
Siam
South American States:
Argentina
Bolivia
Brazil
Chile
Colombia
Ecuador
Guiana (British)..
Guiana (Dutch)...
Guiana ( F r e n c h ) . .
Paraguay
Peru
Uruguay
Venezuela
Spain
Sweden
Switzerland
Turkey
Central A m e r i c a n
States.
China

...do..
Silver..

Pound sterling—
Dollar
P o u n d sterling
Pound
sterling
a n d rupee.
Pound sterling...
Dollar

Gold...
...do..
...do..
...do..
...do..
...do..
...do..
...do..
...do..
...do..
...do..
.:.do..
...do..
...do..
...do..
...do..
...do-.
...do..
...do..

Lev
Peseta
Crown
Piaster...
Markkaa..
Franc
Mark...-..
Drachma.
Gourde...
Lira
Yen
Peso
Florin
Crown
Milreis
Leu
Ruble
Dinar
Tical

...do..
Silver..
Gold...
...do..
...do..
...do..
...do..
...do.....do..
...do..
...do..
...do..
...do..
...do..
...do-.
...do..
...do..
Silver A.

Peso
Boliviano......
Milreis
Peso
DoUar
Sucre
P o u n d sterling .
Florin
Franc
Peso
Sol
Peso
Bolivar
Peseta
Crown
Franc
Piaster
Peso

Total.

.do.
.do.
.do.
.do.

.do.

Dollar.
Crown.
Franc.

Tael.

Population.

In banks
and p u b lic t r e a s uries.

Thousands.
84,000
49,100
7,100

Thousands.
a$955,800
b246,400
b19,600

4,800
5,800
43,700
295,200

b 128,700
b 53,100
b 188,100
e19,700

d371,000
d257,300

0 144,400
0 53,100
Od 559,100
d 6 277,000

7,700
' 5,400

b36,500

0 15,000

0 51,500

3,700
1,600
2,600
9,800
2,900
39,100
60,600
2,400
1,400
33,600
50,900
13,600
•5,500
2,300
5,400
6,400
143,400
2,700
6,100
5,200
1,800
16,000
3,200
4,500
1,300
300
100
100
• 700
4,600
1,000
2,600
18,800
5,300
3,300
24,000
4,700

(^)

I n circulation.

ThouThousands.
sands.
$465,000 $1,420,800
0 60,900 0 307,300
d10,900
0d30,500
0 15,700

(^)

ft. 7,200
0 7,200
{')
d20,000
d20,000
(^)
b20,900
0 20,900
(^)
d12,000
d87,000
d75.000
. 9 4,400
9 4,400
d 477,100 0dl,032,600
b555,500
d746,900 Od 917,400
b170,500
b 5,400
0 200
0 5,600
b1,000
0 1,000
(^)
0 189,500
0 189,500
(^)
0 69,900
b 59,400
0 10,500
0 8,600
0 8,600
('=)
0 41,000
0 31,800
0 7,600
0 7,600
0 9,200
0 5,300
0 5,300
(^)
0 15,000
015,000
{<^)
0*434,700
0 854,900
{')
0 3,700
0 3,700 0 420,200
{')

(<=)

0 90,200
0 400

(^)
0 31,600
0 300
0 1,700

(^)

330,100

0 100
(c)
0 100
0 2,900
015,500
0 500
0 74,100
018,400
0 20,500
d10,000
0 2,600

1,324,400

,469,300

(^)

0 100,000
0 400

{')
0 9,800
(c)
0 10,000

(«)
e^)
(^)
C^)
{^)

(^)

0 3,900

C^)

0 4,800
{^)
0 3,200
d7,600
d 40,000

(^)

(^)

0 41,600
0 300
0 1,700
•

C^)

0 100

(^)

0 100
0 6,800
0 15,500
0 5,300
0 74,100
0 21,600
0d28,100
d 50,000
0 2,600

(0
6,483,500

(I I n U n i t e d S t a t e s T r e a s u r y a n d n a t i o n a l b a n k s .
0 Official i n f o r m a t i o n furnished t h r o u g h U n i t e d S t a t e s r e p r e s e n t a t i v e s . •
c No inforraation.
d E s t i m a t e , B u r e a u of t h e M i n t .
e T h e figures of t h e t o t a l s t o c k of gold in I n d i a a r e for t h e n e t i m n o r t s since 1893-94 p l u s t h e p r o d u c t i o n
of t h e c o u n t r y . T h e a m o u n t in t h e g o v e r m n e n t tre.fi,sury is from official advices. T h e net i m p o r t s of
gold since 1835-36—when t h e r e c o r d s b e g i n — a m o u n t t o $817,374,610, a n d t h e p r o d u c t i o n r e c o r d e d t o
$103,209,754. T h e t i d e of gold a u d silver h a s b e e n flowing i n t o I n d i a for c e n t u r i e s .




DIRECTOR OF T H E M I N T .

>
-

289

AND P E R CAPITA, IN THE PRINCIPAL COUNTRIES OF THE WORLD, D E C E M B E R 31,1905.
Per capita.

S t o c k of silver.
ted
FuU t e n d e r . L i m ider. t e n -

Thousands.
568,300

(^)

d15,000

Thousands.
$686,800
0105,100
d24,700

Thousands.
$582,100
0 97,800
0 111,900

$16.91
6.26
4.30

d6,100
0 6,700
0111,900

d o , 100
0 6,700
0111,900
0 003,800

(c)
0 65,100
0 116,600
0 32,400

30.08
9.16
12.79
.94

(<=)

0 603,800

(^)

(^)

0 1,000

('=)
(^)
(<=)

0 347,400
( ^ • )

(<=)

0 52,800
0 49,800
(c)

(^)
(c^
(<=)

(^)

0 23,300

•

0 20,000
0 7,000

0 20,000
0 49,000

0 2,200
d5,000
0 6,200
015,000
6-400
0 63,700
0 209,700

•

(c)-

0 100
0 1,000
0 11,500

0 3,200
d5,000
0 6,200.
0 15,000
{ 400
7
0 411,100
0 209,700
0 100
0 2,500
0 28,000
0 43,300
0 56,800
0 54,100
0 3,100
0 7,700
0 600
0 81,900
0 1,300
0 23,300

i'^)

0 1,500
0 16,500
0 43,300
0 4,000
0 4,300
0 3,100
0 7,700
0 600
0 81,900
0 1,300

(^)
(^)

.

(^)

0 300
0 2,900

0 3,800

0 3,800
0 300
0 2,900

OIOO
0 600
0 200

^^100
0 600
0 200

(^)
(c)

u

(c)-

(^)

(c)
(c) •
(c)

I

d.30,000
0 7,500
d350,000
2,107,300

Gold.

Thousands.
$118,500
0105,100
d9,700

(c)
(c)

0 42,000

Total.

Uncovered
• paper.

(^)
0 2,400
0 4,200
0 4,700
0 173,700
0 7,500
d10,700
d10.000

(^)
{')
1,068,700

(^)
(c)
0 2,400
0 4,200
0 4,700
0 173,700
0 7,.500
d 10,700
d 40,000
0 7,500
d350,000
3,176,000

(C)

6.69

0 6,500
0 2,900
0 10,700

(0

ff12,700
0118,200
0 213,900
0 42,700
0 3,500
0 156,800
0 98,300
0 51,200
0 54,100
0 7,500
0 60,300
0 37,600

C^)

0 2,100

1.95
12.50
8.04
8.88
1.52
26.41
1.5.14
2.33
.71
5.64
1.-37
.63
7.45
3.30
-.98
2.34
5.96
L37

.(^)
0 293,300
(0
0 368,100
0 12,200
0 741,000
0 1,300
0 400
0 200
0 600
0 10,500
(c)
0 9,700
(c)

0 116,500
0 31,300
0 23,100

(^)62,800
0

19.23
.22

'"'is.'66'
.07
1.31

i.'66"
.14
1.48
15. 50
2.04
3.94
4.08
8.52
2.08
.55

(^)
3,555,900

* Silver.

Paper.

$6.93
1.99
15.76

$32.02
10.39
23.54

1.27
1.15 " " i i . ' 2 2 '
2.67
2.56
.11
2.04

31.35
21.53
18.02
3.09

2.59
9.07

i."26'

9.28 ' 8
10.27
9

.86
.78
3.12
4."i2"
2.38
1.53
.13 '" "4." 38'
3.02
10.51
3.53
3.46
17.79
.04
2.50
1.79
4. 67
.83
L93
.85
3.76
4.18
9.84
9.84
3.26
1.35
11.16
L43
5.88
.09
.57
.'78'
.48
3.82

3.59
10
15. 62 11
14.54 12
10.41 -13
6.03
14
39.94 15
22.13
16
20.10
17
5.00
18
11.14 19
4.15 20
8.57
21
27.13 22
7.91 '23
13.57 24
8.31 25
. 6.53 20
2.63 27
3.82
28

$8.18
2.14
3.48

56. 40 •
2."ii.02 " " 2 3 . ' 6 i '
3.81
.91
164. 66
1.00
.'67'
2.00
1.33
2.00
2.00
6.00
15.00
."52"
4.20
9." 76'
1.81
9.24
6." 26'
L42
5.90
3.24
7.00
L67
1.60 " " i 3 . ' 3 6 '

2.4.0

1
2
3
4
5
•

6

7

2.68

75. 63
2.33
23.03
17. 72
164. 73
2.38
3.33
5.00
6.00
15.14
2.00
29.40
3.85
19. 38
11.40
18.76
3.75
15.51

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46

1.06

L06
4.90'

Total.

47

9.98

/ Includes Straits Settlements, the Malay States, and Johore.
9 L'Economiste Europeen, January 1, 1906.
h Except Costa Rica and British Honduras—gold-standard countries.
i Exclusive of $106,036,290 gold credit of State bank held abroad.
NOTE.—The value of the monetary stock of the silver-standard countries has been changed to conform
to the decline in silver values. The monetary stock of Mexico and other countries where the Mexican
doUar circulates is given in Mexican dollars at buUion value.




290

REPORT

ON

THE

FINANCES.

The foregoing table of the world's stock of money is for December
31, 1905. It is submitted as giving the best information obtainable, although unsatisfactory in many respects. From many countries it is impossible to obtain official information, and where obtained it is not always consistent AVith previous reports. This is
particularly true as to the' estimates of money in circulation, which,
obviously, in every case, must be only an approximation. The figures
for the stock of gold in banks and public treasuries are from offieial
sources and believed to be accurate, although there may be some
duplication through bank credits. A special efi'ort has been made to
eliminate everything but the actual gold coin and bullion holdings of
each reporting bank.
The ngures for gold in banks and public treasuries for the United
States include only gold in the national banks and United States
Treasury. These figures for other countries include no banks but the
authorized banks of issue. For Germany they include the war fund
of $28,560,000.
^
The figures for the total amount of gold in banks of issue and public
treasuries show an increase during the calendar 3^ear 1905 of $104,700,000. The figures for the total stock of gold in the world in use as
money show an increase over the figures given for the close of 1904 of
$496,400,000. As this amount largely exceeds the year's production,
of course no such increase actually occurred, but must be accounted
for in part by changes from the provisional estimate.. The increases
over the estimate made for the close of 1904 are given below, by
countries.
The total increases foot up $504,500,000 and scattering decreases
in other countries $8,100,000, reducing the gain to the sum given.
The most notable gains are those of France, Italy, and the United
States, which are well verified.
United States
Austria-:Hungary
Belgium
Australasia
Canada
United Kingdom
India
Bulgaria
Denmark
:France
Germany
Italy
Japan
Netherlands
Norway.
Roumania

$72,-600,000
2,300,000
500,000
15,800,000
600,000
25,900,000
13,100,000
5,300, 000
3,500,000
106,200,000
30,700, 000
58,100,000
17,100, 000
4,500,000
800,000
4,600,000

:Russia
Servia
Argentina
Chile...:
Colombia
.Peru
Uruguay
Spain
Sweden
Central Am'erica

:

•

Total increases
Decreases
Net increases

GOLD A N D S I L V E R U S E D I N I N D U S T R I A L A R T S I N T H E U N I T E D
D U R I N G TI-IE C A L E N D A R Y E A R 1 9 0 5 .

$71,200,000
400,000
27,900,000
32,100,000
100,000
2,900,000
4,300,000
2,000.000
1,400,000
600,000
504,500,000
8,100,000
496,400,000

STATES

Among the purveyors of gold and silver bars for use in the industrial arts the United States mint at Philadelphia and the United States
assay office at New York hold the foremost places^ consequently the
larger portion of the material consumed in the arts is brought under
Government notice as a matter of public record.
The follomng table gives the value of the gold and the quantity
of the silver bars issued by the Government institutions and private
refineries during the calendar year 1905:




DIEECTOE OF T H E

291

MINT.

GOLD AND SILVER B A R S I S S U E D BY THE GOVERNMENT INSTITUTIONS AND MANUFACTURED BY PRIVATE R E F I N E R I E S FOR U S E IN THE INDUSTRIAL ARTS DURING THE
CALENDAR Y E A R 1905.
•
Gold. .
M a t e r i a l used.

D o m e s t i c bullion
Foreign material
U n i t e d S t a t e s coin
Old jewelry
Total

Silver.

Government insti- Private
refineries.
tutions.

Total..

Government insti- Private
refineries.
tutions.

Total.

1
$609,066 $20,559,910
3,562,069
818
430,653
430,087
5,586,636
2,704,824

26,394,473

F i n e ozs.
F i n e ozs.
1,284,171 ,15,296,136
2,712,633
41,370
163
500
576,354
3,712,669

F i n e ozs.
16,580,307
2,754,003
663
4 289.023

3,744,795

$19,950,844
3,561,251
566
2,881,812

4,573,321

23 623 006

30,139,268

19,050,675

Estimating that the total amount of gold coin used in the arts during the calendar year has been $3,500,000, and silver coin, $100,000—
equivalent to 77,344 fine ounces—the total industrial consumption
would be as follows:
M a t e r i a l used.

Gold.

$20,559,910
' 3,562,069
3,500,000
5,586,630

F i n e ounces.
16,580,307
2,754,003
77 344
4,289,023

33,208,615

D o m e s t i c bullion
Foreign material
U n i t e d S t a t e s coin
Old m a t e r i a l

Silver.

23,700,677

Total

The following table gives the amounts and the classification of gold
and silver used in the industrial arts in the United States since 1880:
GOLD AND SILVER B A R S F U R N I S H E D FOR U S E IN MANUFACTURES AND-THE A R T S ,
AND CLASSIFICATION OF THE MATERIAL U S E D , BY CALENDAR Y E A R S , SINCE 1880.

GOLD.
New material.
Calendar year.

1880
1881
1882 .
1883
1884
1885 . . . .
1886
18871
1888
1889
1890
1891 .
1892
1893
1894
1895
1896
1897
. . .
1898
1899
1900
1901
1902
1903
1904
1905
Total

United States
coin.
$3,300,000
2,700,000
2,500,000
4,875,000
5,000,000
3,500,000
3,500,000
3,500,000
3,500,000
3,500,000
3,500,000
• 3,500,000
3,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
3,500,000
3,500,000
3,500,000
71,875,000




Domestic
bullion.
$6,000,000
7,000,000
7,000,000
7,840,000
6,000,000
6,736,927
7,003,480
9,090,342
9,893,057
9,686,827
10,717,472
10,697,679
10,588,703
8,354,482
6,430,073
8,481,789
7,209,787
7,184,822
9,463,262
13,267,287
14,582,627
16,296,688
18,653,625
19,944,365
12,298,459
20,-559,910
270,981,663. •

Foreign
bullion a n d
coin.

Total new
material.

Old
material.

Grand
total.

$1,267,600
1,547,800
671,500
194,500
385,500
178,913
638,003
384,122
718,809
291,258
362,062
• 628,525
771,686
804,254
543,585
471,027
316,804
613,981
437,641
344,906
584,903
685,642'
851,673
953,597
7,131,577
3,562,069

$10,567,600
$395,000 $10,962,600
11,247,800
522,900
11,770,700
10,171,500
696,500
10,868,000
12,909,500
1,549,300
14,458,800
11,385,500
3,114,500
14,500,000
10,415,840 • 1,408,902
11,824,742
11,141,483
1,928,046
13,069,529
12,974,464
1,835,882
14,810,346
14,111,866
2,402,976
16,514,842
13,478,085
3,218,971
16,697,056
14,579,534
3,076,426
17,655,960
14,826,204
4,860,712 • 19,686,916
14,860,389
4,468,685
19,>329,074
10,658,736
2,777,165
13,435,901
8,473,658
2,184,946
10,658,604
40,452,816
2,976,269
13,429,085
9,026,591
2,369,343
11,395,934
9,298,803
2,571,428
11,870,231
11,400,903
2,164,976
13,565,879
15,112,193
2,734,985
17,847,178
16,667,530
3,480,612
20,148,142
18,482,330
3,386,626
21,868,956
21,005,298
4,677,549
25,682,847
24,397,962
4,665,589
29,063,551
22,930,036
5,725,927
28,655,963
27,621,979
5,586,636
33,208,615

25,341,937

368,198 600

74,780,851

442,979,451

292

REPORT ON T H E FINANCES.

GOLD AND SILVER B A R S F U R N I S H E D FOR U S E IN MANUPACTUIIES AND THE ARTS,
AND CLASSIFICATION OF THE MATERIAL U S E D , BY CALENDAR YIEARS, SINCE 1880—

Contmued.
SILVER (FINE OUNCES).
New material.
Calendar year.

United States
coin.

Foreign
bullion a n d
coin.

Total new
material.

Old
material

Grand
• total.

$464,063
154,687
154,687
154,687
154,687
154,687
154,687
154,687
154,687
. 154,687
154,687
154,687
154,687
77,344
77,344
77,34477,344
77,344
77,344
77,344
77,344
77,344
77,344
77,344
77,344
77,344

. . .

$3,867,188
4,563,281
4,906,920
3,576,143
3,480,469
3,511,310
2,804,635
3,173,208
5,010,218
5,644,495
5,525,155
5,637,642
5,572,006
5,082,054
6,635,685
. 7,599,323
6,160,777
7,116,009
9,417,981
8,388,658
10,423,485
11,809,418
15,236,711
15,016,256
16,629,834
16,580,307

$273,023
286,945
340,544
119,883
502,734
48,501
638,562
506,595
597,082
508,920
963,254
971,516
966,643
1,346,326
759,824
752,942
821,387
616,579
489,160
529,137
940,450
1,038,409
1,289,623
954,930
1,218,122
2,754,003-

$4,604,274
5,004,913
5,402,151
3,850,713
4,137,890
3,714,498
3,597,884
3,834,490
5,761,987
6,-308,102
6,643,096
6,763,845
6,693,336
6,505,724
7,472,853
8,429,609
7,059,508
7,809,932
9,984,485
8,995,139
11,441,279
12,925,171
16,603,678
16,048,530
17,925,300
19,411,654

$112,148
137,672
164,665
434,595
131,484
. 357,472
312,589
371,719
504,318
472,582
495,077
663,707
500,706
945,787
944,504
1,065,902
832,860
• 853,457
734,233
1,583,678
1,776,006
1,208,523
2,741,331
3,919,726
2,554,687
4,289,023

$4,716,422
5,142,585
5,566,816
4,285,308
4,269,374
4,071,970
3,910,473
4,206,209
6,266,305
6,780,684
7,138,173
7,427,552
7,194,042
7,451,511
8,417,357
9,495,511
7,892,368
8,663,38910,718,718
10,578,817
13 217,285
14,133,694
19,345,009
19,968,256
20 479 987
23,700,677

3,325,779

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
1905
Total

Domestic
• bullion.

193,369,168

20,235,094

216,930,041

28,108,451

245,038,402

The value and composition of bars issued for use in the industrial
arts by the Government institutions during the fiscal year ended
June 30, 1906, Avas as follows:
.Bars issued.
M a t e r i a l used.

Gold.
F i n e ounces.

Domestic bullion..
F o r e i g n bullion . . .
F o r e i g n coin
U n i t e d S t a t e s coin
J e w e l r y , etc

Total




Silver.
Value.

F i n e ounces.

806,899.980
454,782.790
666. 920
27. 394
182,224.020

$16,680,102.98
9,401,194.64
• 13,786.40
566. 32
3,766,904.90

1,286,824.19
3,006,936.10
105,728.85
163.17
507,079. 43

1,444,601.104

29,862,555.24

4,906,731.74

293

DIRECTOR OF T H E M I N T .

EXCHANGE OF FINE GOLD BARS FOR GOLD COIN AND GOLD BULLION.

The value of the fine gold bars furnished to the trade in exchange
for gold coin and bullion monthly, by the United States mint at
Philadelphia and assay office at New York, for the calendar year
was as follows:
E x c h a n g e d for g o l d coin.

E x c h a n g e d for gold b u l l i o n .

Month.
Philadelphia.
1905.
July
August September
October
November
December
1906.
January
February
March . . .
April
Mav.
June
Total

NewYork.

Total.

Philadelphia.

New York.

Total.

$421,934.60 $1,968,777.84 $2,390,712.44
437,255.54 1,537,802.97 1,975,058.51
564,838.51 1,805,318.37 2,370,156.88
659,113.04 1,910,214.85 2,569,327.89
541,984.18 1,616,420.42 2,158,404.60
.267,876.63 1,300,920.80 1,568,797.43

$5,104.16
8,135.24
8,390.74
4,206.85
6,824.16
6,560.25

$375,431.33
281,776.17
368,182.61
502,022.23
401,724.92
273,197.71

$380,535.49
289,911.41
376,573.35
506,229.08
408,549.08
279,757.96

1,725,020.87
1,561,204.87
1,742,35L60
l,413,ii90.85
1,830,001.76
1,643,360.74

2,352,710.90
2,153,95L09
2,411,930.05
2,048,528.00
2,347,066.20
2,100,954.48

9,768.44
5,389.40
10,747.36
7,903.69
9,017.38
16,566.44

325,645.85
432,811.35
. 332,461.21
482,510.81
380,876.09
223,775.64

335,414.29
438,200.75
343,208.57
490,414.50
389,893.47
240,342.08

6,392,212.53 20,055,385.94 26,447,598.47

98,614.11

4,380,415.92

4,479,030.03

627,690.03
592,746.22
669,578.45
634,537.15
517,064.44
457,593.74

Of the total value of bars ($26,447,598.47) exchanged for coin,
$1,055,397.42 were exported and $25,392,201.05 were used in the
industrial arts.,
THE W O R L D ' S INDUSTRIAL CONSUMPTION OF THE PRECIOUS METALS IN

1905.
This Bureau estimates the world's consumption of the precious
metals in the arts during 1905 as follows:
Gold, 128,080 fine kilograms, of the value of $85,122,000, equivalent to 4,117,777 fine ounces; and silver, .1,576,859 fine kilograms, of
the value of $30,937,980, equivalent to 50,718,000 fine ounces. In
these estimates only new material is taken into account.
PRODUCT OF GOLD AND SILVER IN THE UNITED STATES IN 1 9 0 5 .

The detailed statistics of the product of gold and silver in the United'
States for the calendar year 1905 were presented in a special report to
the Secretary of the Treasury.
The distribution of the prodiict among producing States and Territories was as follows:
H. Doc. 9, 59-2




-20

294

REPORT ON T H E FINANCES.

APPROXIMATE DISTRIBUTION, BY PRODUCING STATES AND TERRITORIES, OP THE PRODU C T OF G O L D A N D S I L V E R I N T H E U N I T E D S T A T E S F O R T H E C A L E N D A R Y E A R 1905.

[As estimated by the Director of the Mint.]
Gold.

Silver.

State or Territory.
Fine ounces.

Commercial
Fine ounces.
• value.

Value.

Total value,
(silver at
commercial
value).

Total.

248,691
242
17,899
1,146

4,889,300
5,359,100
265,800
123,900
1,244,900
95,100
6,913,900
3,300
1,900
5,140,900
5,000
370,000
23,700

300
169,200
2,605,700
1,082,000
12,942,800
900
8,125,600
100
253,000
12,900
13, 454,700
5,863,500
354,900
13,200
88,900
200
179,000
95,400
417,200
10,319,800
200
119,400
2,700

$183
103,212
1,589,477
660,020
7,895,108
549
4,956,616
61
154,330
7,869
8,207,367
3,576,735
216,489
8,052
54,229
122
109,190
58,194
254,492
6,295,078
122
72,834
1,647

$41,683
15,028,812
4,280,777
19,857,120
33,596,208
95,349
6,032,216
16,961
154,330
7,869
13,096,667
8,935,835
482,289
131,952
1,299,129
95,222
7,023,090
61,494
256,392
11,435,978
5,122
442,834
25,347

4,265,742

Alabama
Alaska
Arizona
California
Colorado
Georgia
Idaho
Maryland
Michigan
Missouri.
Montana
Nevada
New Mexico
North Carolina.
Oregon
South Carolina.
South D a k o t a . .
Tennessee
Texas
Utah
Virginia
Washington
Wyoming

:8,180,700

56,101,600

34,221,976

122,402,676

2,008
722,026
130,192
928,660
,243,291
4,586
52,032
817

$41,500
14,925,600
2,691,300
19,197,100
25,701,100
94,800
1,075,600
16,900

236,520
259,246
12,858
5,994
60,222
4,600
334,460
160
92

WORLD'S PRODUCTION.

Tables compiled from information furnished by foreign governments through our diplomatic representatives and revised from the
latest data, exhibiting the weight and value of the'gold and silver
product of the principal countries of the world for the calendar years
1903, 1904, and 1905, will be found in the appendix.
WORLD S COINAGE.

In the appendix will be found a table, revised from the latest information received, exhibiting the coinages of the various countries of
the world during the calendar years 1903, 1904, and 1905. The following is a summary of the same:
COINAGE OF NATIONS.

Calendar year.
1903.:....
1904.:
1905

'..

Gold.

. . . .
. . ^

$240,499,547
455,427,085
245,954,257

Silver.
$211,795,829
176,508,646
103,880,205

The above figures represent, as nearly as this Bureau has been able
to ascertain, the total value of the gold and silver coinages executed
in the world during the years given.
It must be borne in mind, however, that the total of these coinages
does not correctly represent the amount of new gold and new silver
made into coins during the year, for the reason that the coinages as
reported include the value of domestic and foreign coins melted for
recoinage, as well as old material, plate, etc., used in coinage.




DIRECTOR OF THE

295

MINT.

In the circular letter of inquiry prepared at this Bureau and sent to
foreign governments through the Department of State, asking for
information on these subjects, it was especially requested that each
country report the amount of such recoinages. This has been doiipiu many instances, but not in all.
COINAGE or

GOLD AND SILVER OF THE MINTS OP THE WORLD POR THE
Y E A R S SINCE 1873.
Gold.

CALENDAR

Silver.

Calendar y e a r .
F i n e ounces.
1873
1874
1875
1876
•
1877
1878
1879
•
1880
1881
1882
1883
1884
1885
1886 . .
1887
1888
1889..-.
1890 .
1891
1892....
1893
1894
1895
1896
1897 .
1898
1899.1900
1901
1902
1903
1904
1905

F i n e ounces.

Value.

Coining v a l u e .

12,462,890
6,568,279
9,480,892
10,309,645
9,753,196
9,113,202
4,390,167
7,242,951
7,111,864
4,822,851
5,071,882
4,810,061
4,632,273
4,578,310
' 6,046,510
6,522,346
• 8,170,611
7,219,725
5,782,463
8,343,387
11,243,342
11,025,680
11,178,855
9,476,639
21,174,850
19,131,244
22,548,101
•17,170,053
12,001,537
10,662,098
11,634,166
22,031,285
11,898,037

.

.

.
;

;

101,741,421
79,610,875
92,747,118
97,899,525
88,449,796
124,671,870
81,124,555
65,442,074
83,539,051
85,685,996
84,541,904
74,120,127
98,044,475
96,566,844
126,388,502
104,354,000
107,788,256
117,789,228
106,962,049
120,282,947
106,697,783
87,472,523
98,128,832
123,394,239
129,775,082
115,461,020
128,566,167
143,362,948
107,439,666
149,826,725
161,159,508
a 145,332,335
a 73,371,385

$131,544, 464
102,931,232
119,915,467
126,'577,164
114,359,332
161,191,913
104,888,313
84,611,974
108,010,086
110,785,934
109,306,705
95,832,084
126,764,574
124,854,101
163,411,397
134,922,344
139,362,595
152,293,144
138,294,367
155,517,347
137,952,690
113,095,788
126,873,642
159,540,027
167,790,006
149,282,936
166,226,964
185,358,156
138,911,891
193,715,362
211,795,829
176,508,646
172,719,102

333,609,392

:
.

$257,630,802
135,778,387
195,987,428
213,119,278
201,616,466
188,386,611
.90,752,811
149,725,081
147,015,275
99,697,170
104,845,114.
99,432,795
95,757,582
94,642,070
124,992, 465
134,828,855
• 168,901,519
149,244,965
119,534,122
172, 473,124
232,420,517
227,921,032
231,087,438
195,899,517
437,722,992
395,477,905
466,110,614
354,936, 497
248,093,787
220,405,125
240,499,547
455,427,085
245,954,257
6,896,318,233

3,507,738,826

4,605,145,576

Total

a Actual weight consumed in coinage.
F O R E I G N C O I N S M E L T E D BY

CERTAIN

COUNTRIES.

The foreign gold and silver coins melted by the various countries of
the world during the calendar years 1903, 1904, and 1905, so far as
have been reported to this Bureau, are exhibited in the following table:
FOREIGN

GOLD AND

SILVER COINS MELTED BY CERTAIN
Y E A R S 1903, 1904, AND
1905.
1903.

COUNTRIES, CALENDAR

1904.

1905.

Country.
Silver.

Gold.
UnitedStates
Austria-Hungary
Great Britain
Germany
India
Japan
Mexico
Persia
Russia
Siam
Turkey
TotaL

$13,421,491
611,430
9,415,601
517,389

Gold.

$601,961 $47,848,822
94,345
3,788,810
1,907,252
1,264,814
4,988
2,665,375

Silver.

Gold.

$8,878,608
17,881
100,305

$1,213,959
136,605

34-

26,860,015

2,177,456
10,307
240,556

426,293
4,671




7,396
822.846

5, 485, .368
.3,039,510

$5,431,321
85,604
34,922

1,990

...

2,894,076

Silver.

1,067,281

61,053,189

10,066,065

3,778,883

6,382,089

296

REPORT ON T H E

FINANCES.

RECOINAGES OF THE

WORLD.

The following table, compiled from official sources, exhibits approximately the recoinages of gold and silver in the principal countries of
the world for the calendar years 1903, 1904, and 1905, so far as the
same have been reported to this Bureau:
GOLD AND

SILVER RECOINAGES R E P O R T E D BY THE PRINCIPAL COUNTRIES OP THE
WORLD DURING THE CALENDAR Y E A R S 1903, 1904, AND
1905.
1903.

1904.

1905.

Coimtry.
Gold.
United States
Australia
Austria-Hungary
Belgium
Chile
KsvDt
France
Germany
GreatBritain
India (British)
Italy
.
Japan
Mexico
Netherlands
Norwav
Persia
.•
Peru
Russia
Servia
Spain
Sweden
Switzerland
Turkey

Gold.

Silyer.

Gold.

$2,101,203
2,274
584,393

'

Silver.
$2,904,287

$2,318,298
4,224
2,535,701

$2,465,353

$2,572,398
3,596
993,599

41,723

49,200
1,388,016
10,219,650

305,673
14,313,096
1,347,193
17,836,827
20,698
4S;697"
2,588

. . . .

19,835
618,758

;
,
2,363,6171
1,973,708'
10,219,650:
8,614,2v)8i

. . . .
763,800
13,829
2,040
155,251
69,778

.-.
930,050

8,793

Total

41,189
310,398

41,146,813 .28,029,510

56,604,530

$1,802,865
422,695
238,586
29,658
2,046,535
16,280,551
2,199,093
98,046
3,488,060
1,206,000
68,131
13,861,532
1,605,874
30,379

'.

1,257,573

15,332,276

27,187
137,037
1,916,616
13,139,550

36,097
14= 14,027,198
2,296,700
1,489,972
13,201
38,600
79,135

2,046,092
66,365

•-...

1,930,000
15,421,905
3,108,905
11,661,224
00,629
1,634,116
4,479
1,688,400
10,023

Silver.

19,141,570

43,378,005

1

The following table shows the amount of United States gold coin
imported by various countries and the value of the United States gold
coin melted at their mints:
I m p o r t of
Total import
U n i t e d S t a t e s of gold from
gold coin.
United S t a t e s .

Country.

Austria-H ungary
Costa Rica
Dutch Guiana
Germany
G r e a t 1 ritain
>
Japan..
V'enezuela
Mexico .

United States
gold coin
melted.
$13,841

i
.

.

. .

$39§,372
7,300
3,179,446
6,948

$398,372
7,300
3,190,080
123,852
5,770,121
6,948

2,136,219
857
240,556

3,592,066

Total

VALUES OF FOREIGN

9,496,673

2,391,473

COINS.

The law requires (sec. 25, act of August 28, 1894)—
That the value of the foreign coins as expressed in the money of account of the United
States shall be that of the pure metal of such coin of standard value; and the values of
the standard coins in circulation of the various nations! of the world shall be estimated
quarterly by the Director of the Mint, and be proclaimed by the Secretary of the Treasury immediately after the passage of this act and thereafter quarterly on the 1st day of
January, April, July, and October in each year.




297

DIRECTOR OF T H E M I N T .

In accordance with the foregoing requirements the values of forei.o:n coins have been estimated and proclaimed as follows:
VALUES OP F O R E I G N

COINS, OCTOBER

1,

1906.

[The coins of silver-standard countries are valued hy their pure silver contents, at the average market
price of silver for the three months preceding the date of this circular.]

Country.

Argentine Republic..

Standard.

Gold.

Monetary unit.

Peso.

Value
in
terms
of
United
States
gold
dollar.
$0.965

Coins.

Gold: Argentine ($4,824) and ^ Argentine. Silver: Peso and divisions.
Gold: 10 and 20 crowns. Silver:
1 and 5crowDs.
Gold: 10 and 20 francs. Silver: 5
francs.
Silver: Boliviano and divisions.
Gold: 5,10, and 20milreis. Silver:
i, 1, and 2 milreis.

Austria-Hungary—

.do.

Crown.

.203

Belgium

.do.

Franc.

.193

Bolivia.
Brazil..

Silver.,
Gold..

Boliviano..
Milreis

.485
.546

British Possessions, N.
A. (except Newfoundland) .
Central
American
StatesCosta Rica

...do.

Dollar.

...do.

Colon..

.465

British Honduras .. . . . d o .
Guatemala
Honduras
Silver.
Nicaragua
Salvador
Chile
Gold..

Dollar.

1.000

Peso...

. . 485 Silver: Peso and divisions.

China..

Silver

Colombia.

Gold.

Denmark.
Ecuador..

.do.
.do.

Egypt.

.do.

Finland.,

.do.

France..,

.do-

German Empire.
Great Britain

.do.
.do.

Greece.

.do.

Haiti..

.do.

India..

.do.

a The sovereign is the standard
at 15 to the sovereign.




1.000.

....do.

.365

(Amoy
Canton.
Chefoo
Chin Kiang.
Fuchau
Haikwan
(customs).
Hankow..:.
Tael. Kiaochow...
Nankin
Niuchwang .
Ningpo
Peking
Shanghai...
Swatow.....
Takau.'
Tientsin
Hongkong..
Dollar British
Mexican
Dollar

.730
.792
.760
.776
.735
.743
.770
.786
.745
.764
.775
.726
.734
.799
.770
.523
.523
.526
1.000

Gold: 2, 5,.10, and 20colons($9,307).
Silver: 5,10, 25, and 50 centimos.

Gold: Escudo ($1,825), doubloon
($3,650), and condor ($7,300).
Silver: Peso and divisions.

Gold: Condor ($9,647) and double
condor. Silver: Peso.
Gold: 10 and 20 crowns.
Gold: 10 sucres ($4.8665). Silver:
Sucre and divisions.
4.943 Gold: Pound (100 piasters), 5, 10,
Pound (100 piasters).
20, and 50 piasters. Silver: 1, 2,
5, 10, and 20 piasters.
.193 Gold: 20 marks ($3,859), 10 marks
Mark..
($1.93).
.193 Gold: 5, 10, 20, 50, and 100 francs.
Franc..
Silver: 5 francs.
.238 Gold: 5, 10, and 20 marks.
Mark
4.866^ Gold: Sovereign (pound sterling)
and § sovereign.
Pound sterling...
.193 Gold: 5, 10, 20, 50, and 100 drachmas. Silver: 5 drachmas,
Drachma
.965 . Gold: 1, 2, 5, and 10 gourdes. Silver: Gourde and divisions.
Gourde
4.866i Gold: Sovereign (pound sterling).
Silver: Rupee and divisions.
Pound sterling a.
coin of India, but the rupee ($6.3244J) is the money of account, current
Crown.
Sucre..

.268
.487

298

REPORT ON T H E FINANCES.
V A L U E S OF F O R E I G N COINS, OCTOBER

Standard.

Country.

Italy
.

Liberia
Mexico

Value
in
terms
of;
United
States
gold
dollar.

Lira

$0,193

. . d o . . . Yen.

.498

Gold

Japan

Monetary unit.

1,1906—Continued.

.

do
....do

Netherlands
Newfoundland..
Norway
Panama.

. .

Dollar
Peso«
Florin

• .402

do
....do
. do

Dollar
Crown.
Balboa

Gold: 5, 10, 20, 50, a n d 100 lire.
Silver: 5 lire.
Gold: 5,10, a n d 20 y e n . Silver: 10,
20, a n d 50 sen.

LOOO
.498

... do

.

Coins.

Persia

Silver....

Kran

Peru

Gold

Libra

Philippine Islands

do

.

..

Peso

Portugal
Russia

....do
....do

Milreis
Ruble

Spain

....do

Peseta

Straits Settleraents.... Silver....
Sweden
Gold
Switzerland
....do....

Dollar
Crown
Franc

Turkey

... do

Piaster

Uruguay

....do....

Peso

Venezuela

....do....

Bolivar

Gold: 5 a n d 10 p e s o s . Silver:
D o l l a r b (or peso) a n d divisions.
Gold: 10 florins. Silver: ^•, 1, a n d
2^ florins.
1.0l4
Gold: 2 d o l l a r s ($2.027).
.208 Gold: .10 a n d 20 c r o w n s .
1.000 Gold: 1, 2^, 5, 10, a n d 20 b a l b o a s .
Silver: P e s o a n d divisions.
.089 Gold: ^, 1, a n d 2 t o m a n s ($3,409).
Silver: J, A, 1, 2, a n d 5 k r a n s .
4.8661 Gold: ^ a n d 1 l i b r a . Silver: Sol
a n d divisions.
.500 Silver: P e s o , 10, 20, a n d 50 c e n t a vos.
1.080 Gold: 1, 2, 5, a n d 10 milreis.
.515 Gold: 5, 7^, 10, a n d 15 rubles. Silv e r ; 5, 10, 15, 20, 25, 50, a n d 100
copecks.
.193 Gold: 25 p e s e t a s . Silver: 5 pesetas.
.5^3
.268 Gold: 10 a n d 20 c r o w n s .
.193 Gold: 5, 10, 20, 50, a n d 100 f r a n c s .
Silver: 5 f r a n c s .
.044 Gold: 25, 50, 100, 250, a n d 500 p i a s ters.
L034 Gold: P e s o . Silver: P e s o a n d
divisions.
.193 Gold: 5,10, 20, 50, a n d 100 b o l i v a r s .
Silver: 5 b o l i v a r s .

•

a Seventy-five centigrams fine gbld.
b Value in Mexico, $0,498.
|
NOTE.—The coins of silver-standard countries are valued by their pure silver contents, at the average
market price of silver for the three months preceding the date o;f this circular.
CHANGES I N T H E V A L U E S OF F O R E I G N COINS DURING 1906.
•
Country.

J a n u a r y 1.

\
Bolivia . .
.
... .
Central American States
China
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
Do
- . - .
^
Do
Do
Do
Do
Do
Persia
Straits Settlements




V a l u e, 1906.

Monetary, unit.

Silver b o l i v i a n o
Silver peso.
Silver tael, A i n o y
Silver tael. C a n t o n
Silver t a e l , Chefoo
Silver t a e l , Chin K i a n g
. Silver t a e l , F u c h a u
Silver t a e l , H a i k w a n ( c u s t o m s ) .
Silver t a e l , H a n k o w
Silver t a e l , K i a o c h o w
Silver t a e l N a n k i n . .
Silver tael, N i u c h w a n g
Silver t a e l , N i n g p o
Silver tael, P e k i n g
Silver tael, S h a n g h a i
Silver t a e l , S w a t o w . . '
Silver t a e l , T a k a u
Silver tael, T i e n t s i n
Silver dollar ( H o n g k o n g )
Silver doUar ( B r i t i s h ) . . .
Silver dollar (Mexican
Silver k r a n
Silver dollar

$6. 465
[.465
L763
'.760
.723
.745
;.705
.776
'.713
.753
.755
.715
, .733
!.743
;.696
.704
.767
.739
i.502
;.502
.505
.086
i

.April 1.
$0. 478
.478
.783
.781
.749
.765
.724
.797
.733
.773
.775
.734
.753
.763
.715
.723
.788
.759
.515
.515
.519
.088

J u l y 1.
$0. 480
.480.
.788
.785
.753.
.769
. 728
.801
.737
.777
.779
.739
.757
.768
.719
.727
.792
.763
.518
.518
.522
.088
.518

Octoberl.
$0. 485
.485
.794
.792
.760
.776
.735
.808
.743
.770
.786
.745
.764
.775
.726
.734
.799
.770
.523
.523
.526
.089
.523

DIRECTOR OF T H E M I N T .

299

MONETARY STATISTICS OF FOREIGN COUNTRIES.

The statistics of tlie production and coinage of the precious metals,
imports and exports of gold and silver, amount of bank and government notes, both covered and uncovered, of the different foreign
countries, are published annually in the reports of the Bureau of the
Mint. They are obtained directly from the governments of such
countries by the representatives of the United States accredited to
them.
-X-

-x-

-x-

,

*

Respectfully,

-x-

*

*

G E O . E . ROBERTS,

Director of ihe Mint.
Hon.. L E S L I E M . SHAW,

Secretary of tlie Treasury.




APPENDIX TO
No.

REPOKT OF

1 . — D O M E S T I C PRODUCTION, DEPOSITS AND P U R C H A S E S OF GOLD, BY W E I G H T

[Verified with the
Locality and description
of d e p o s i t s . •

Alabama'.
Alaska
Arizona
California.
Colorado
Georgia
Idaho
Maryland
Michigan
Missouri..
Montana.
Nevada
N e w Mexico
N o r t h Carolina
Oregon
South Carolina
South Dakota
Tennessee
Texas
....
Utah
Virginia
Washington
Wyoming
Hawaii
Philippines...
P o r t o Rico
Other

28

30
31
32
33
34
35
36
37
38
39
40
41
42

San Francisco.

New Orleans.

Denver.

S t a n d , ozs.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
IS
19
20
21
22
23
24
25
26
27

Philadelphia.

S t a n d , ozs.
14,475..841
32,109.666
181,438.551

S t a n d , ozs.
3.825
26.180

S t a n d , ozs.

3,592.851
121.986
384.214
302.304
321.772
991.403
261.476

723.149
18,700.511
3,510.375
191,758.823

New York.
S t a n d , ozs.
156.145
932.813.
296.143
6,176.377
13,591.462

19.271
208.995

4.628

6.002
2,225.421
191.101
15.743
• 187.818
39.017

11.672
19,541.413
8.107

, 63.500
1,025.487
3,550.390

8,327.495
47.524
3,203.818
22. 440
236.203

33.506
4.023

13.512

i92. 544

295,383.086

i, i55. 47i

43,145.072

64.762
34.623
70.083
3.065

246.045

.252

'.

14,767.038
12. 414
60.821
130.068

19.743
624.507

177.877
21.178
43.269

41. 440

Total domestic bulliou.
D o m e s t i c bullion, refinery
bars.
D o m e s t i c bullion, refined...

8,894.439

263,170.225

Total domestic bullion.
D o m e s t i c coin, m u t i l a t e d . .
D o m e s t i c coin, t r a n s f e r r e d .
F o r e i g n bullion, unrefined .
F o r e i g n bullion, refined
F o r e i g n coin
J e w e l e r s ' b a r s , old p l a t e ,
etc.

9,130.701 1,716,235.875

Total deposits

•...

7,060.127
40,085.230
44,044.457
166.560
289.028
56,032.297

1,577.756
11,595.147
'1,298.862
192,684.008
2,910.760

156,808.400 1,926,302.408

311,930.313
964,345.010

122.511 1,386,149.905 1,647,835.074
168.355
1,681.900
37,535.608
12.028
1,961.536

. 6.867

Total redeposits

T o t a l gold o p e r a t e d 1,936,421.498 1,958,168.749
upon.

'31,866.341

30,793.225

297,402.111
1,156,729.311
164,309.576
192,297.008
1,969.897
261.948

41,481.938' 1,388,388.617 3,489,366.305
1,108.450

4.273

44




371,559.751

619,876.585

2,429.819

31,866.^41

43

1,779,613.098

221,309.385
544,963.935

196.512 1,453,065.650

Redeposits:
16,762.286
Fine bars
Mint b a r s . .
541,937.245
Unpacked bars
1,220,913.567
F o r electrolytic refinery

300

122.511

39.750

4.273

45.509
209.779

2,429.819

1,363.738

41,486.211 1,390,818.436 3,490,'730.043

DIRECTOR OF THE MINT.
AT COINAGE MINTS AND ASSAY OFFICES DURING THE FISCAL Y E A R

1906.

bullion accounts.]
Carson.

Boise.

Helena.

Charlotte.

St. Louis. Deadwood.

Seattle.

S t a n d , ozs. S t a n d , ozs. S t a n d , ozs. S t a n d , ozs. S t a n d , ozs. S t a n d , ozs. S t a n d , ozs.
0.882
561,229.395
18. 430
2,246.138

. Total.

15.181

S t a n d , ozs.
160.852
583,244.797
51,228.306
192,908.744
205,730.842
1,829.634
29,561.186
261. 476
.252
6.002
121,065.815
63,680.091
6,778.058
3,667.700
35,288.905
1,043.065
325,087.786
16. 437
60.821
44,451.154
365.095
3,248.406
705.'602
3.065
177.877
21.178
99.890

6,290.313

33.611

29,465.138 567,874.760 1,670,693.036

28

5,875.256

544.866

863,354.120

29

9,658.392

117.785 3,047,259.934

30

10,236.869

29,465.138 567,992.545 5,581,307.090

31

i,i67.956

291.271
78.253
1,488.591
24,099.636

2,079.136

2,177. 388

./
38,438.3i2

1,083.674 109,213. 605
4, 412. 743

140. 448
23. 511
3,457. 442

.8i9

18,302.142

1,830.800

112.886
1,043.0.65
29,466.138

20.543
300.333
105.661

2,190.934
11.012

651.400

•
39,547.087

1 39,547.087

43,611.656 118,814.160

43,611.656 118,814.160

.260

12,165.569

1.612.687

39,626.023
41,767.130
784,451.271
9,439.301 1,167,634.034
357,357.501
60.899
257,492.523
467.051

32
33
34
35
36
37

12,340.635 • 11,878.527

29,465.138 964,560.646 8,229,635.572

38

17,875.009
541,937.245
1,255,625.105
209.779

39
40
41
42

1,815,647.138

43

29,465.138 964,560.646 10,045,282.710

44

.533

9.950

i9.62i

7,001.079
•

11.530

57.186

39,558.877

43,611.656 125,872.425

1.962
172.571

1
329.420
329.420
39,558.877

43,611.656 126,201.845




8.950

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
?,?,
23
24
25
26
27

40.449
40.449
12,381 .'084 ! 11,878.527

386,59i.966

1
301

302
IVo.

REPORT ON TFIE FINAlSrCES.
2 . — D O M E S T I C PRODUCTION, DEPOSITS AND P U R C H A S E S OF GOLD, BY V A L U E ,

[Verified with the
L o c a l i t y a n d d e s c r i p t i o n of
deposits.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
IS
19
20
21
22
23
24
25
96

27
28'
29

30
31
32
33
34
3"i

36
37
38
39
40
41
49

Alabama
Alaska
Arizona
California
Colorado
Georgia
Idaho
Maryland
Michigan
Missouri
Montana •
Nevada
N e w Mexico
N o r t h Carolina
Oregon
:
S o u t h Carolina
South Dakota
Tennessee
Texas
Utah. '
Virginia
Washington
Wyoming
Hawaii
Philippines
P o r t o Rico
Other

Philadelphia.

"..

San Francisco.

$66,843.73
2,269.51
7,148.17
5,624.26
5,986.45
18,444.71
• 4,864.67

$269,317.97
597,389.13
3,375,600.95

New
Orleans.
$71.16
487.07

Denver.

$13,453.93
347,916.49
65,309.30
3,567,606.01

358.53

New York.
$2,905.02
17,354.66
5,509.63
114,909.34
252,864.41

. .

86.10

111.67
41,403.18
3,555.37
292. 89
3,494.29
725.90

217.15
363,561.17
150.83

1,181.40
19,078.83
66,053.77

154,930.14
884.16
59,605.92
417. 49
4,394.47

623.37
74.85

.

3,888.28

251.39

3,582.21

5,495,499.27

21,497.13

802,699.01

4.69

274,735.59
230.96
1,131.55
2,4i9.87

1,204.87
644.15
1,303.87
57.02

4,577.58
11,618.73

367.3i

3,309.34
. 805.00

T o t a l d o m e s t i c bullion
unrefined
D o m e s t i c bullion
refinery
bars.
D o m e s t i c bullion refined

165,477.93

4,896,190.23

394.01

770.98
2,279.27

^ 3,656.04 27,033,779.53

4,117,383.90

6,912,739.53

10,138,863.90

739. 53

5,803,354.65

11,532,587.63 17,941,302.51

T o t a l d o m e s t i c bullion....
2,279.27 25,788,835.43 30,657,396.69
169,873.50 31,929,969.76
131,351.21
3,132.19
D o m e s t i c coin m u t i l a t e d
29,353.60
127. 76
572,897.20
745,771.72
D o m e s t i c coin;
Treasury
31,29L16
transfers.
819,431.76
F o r e i g n bullion unrefined
215,723.66 698,336.89
4,873.45 5,533,062.50
F o r e i g n bullion refined
24,164.87
3,098.79
21,520,545.32
F o r e i g n coin
•5,377.27 3,584,8.18.75
223. 78
3,056,922.33
J e w e l e r s ' b a r s , old p l a t e , e t c . . 1,042,461.34
54,153. 69 36,493. 60
36,649.24 3,577,618.74
Total deposits

2,917,365.-59 35,838,184.33 771,756.89 25,830,485.88 64,918,442.78

Redeposits:
311,856.49
Fine bars
10,082,553.44
Mint bars
22,714,671.04
Unparted bars
F o r use in electrolytic refinery

43

T o t a l r e d e p o s i t s . . . , . . . , 33,109,080.97

44

T o t a l gold
upon.




79.50
592,862.17

592,862.17.

20,622.32
45,205.94

79.50

846. 68
3,902.87

45,205.94

25,37L87

o p e r a t e d 36,026,446. .56 36,431,046.50 771,836.39 25,875,691.82 64,943,814.65

DIRECTOR OF T H E

303

MINT.

AT COINAGE MINTS AND ASSAY OFFICES DURING THE FISCAL Y E A R

bullion accounts.]
Carson.

..
Helena.

Boise.

•

Charlotte.

St. Louis.

Deadwood.

Seattle.

$342.88

$10,441,477.11

$20,613.13

5,419.00
1,455.87
27,693.72
40,509.49

38,681.60

20,160.98 2,031,880.51
82,097.53

2,612.99
437.41

$448,364.56

64,324.64
15.24

2,100.21

340,504.23

34,061.40
19, 405.87
•

$548,188.95

382.06
5,587.60
12,119.06

1,965.58

40,761.56
204.87

.282. 44
811,377.41 2,210,495.40 117,028.23

625.32

109,307.13

735,759.71

10,137.04

548,188.95

811,377.41 2,210,495.40 226,335.36 190,453.37
9.92
185.08

214. 51
735,979.06

1,063.93

36.50
3,210.63

6,128. 75

.
735,979.06

548,188.95

30,003.31-

811,377.41 2,341,811.92 229,592.41 220,995.63

548,188. 95

752. 54

6,128.75

752. 54

811,377.41. 2,347,940.67 230,344.95 220,995.63 548,188.95




1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27

31,082,657.69

28
29

56,693,208.07

30

10,567,303.16 103,838,268.01
166, 51
737,228.31
777,062.88

31
32
33

14,594,440.50
21,723,423.88
6,648,51L63
4,790,558.31

34
35
36
37

17,945,312.67 153,109,493.52

38

332,558.31
10,082,553.44
23,360,467.12
3,902.87

39
40
41
42

33,779,481.74

43

17,945,312.67 186,888,975.26

44

2,191.35

353.87

130,252.59

10,565,111.81

$2,992.58
10,851,065.95
953,084.76
3,588,999.89
3,827,550.55
34,038.70
549,974.74
4,864.67
4.69
111.67
2,252,386.35
1,184,745.81
126,103.41
68,236. 42
656,537.04
19, 405. 87
6,048,145.19
305. 81
1,131. 55
826,998. 07
6,792. 47
60,435. 24
13,127. 47
57.02
3,309.34
394.01
1,858.42

7,192,405.78
175,614.90
1,133.00
8,689.32

179,691.01
735,759.71
4.84

Total.

16,062,402.25

$16.40
$41,788.60

715,131.34

1906.

304
No.

REPORT ON THE FINAISICES.
3 . — D O M E S T I C PRODUCTION, DEPOSITS AND P U R C H A S E S OF SILVER, BY W E I G H T ,

[Verified with the
L o c a h t y a n d d e s c r i p t i o n of
deposits.

1
9

s

4
5
fi
7
8
q
10
11
19
13
11
15
16
17
18
10
90
91
99

93
94
95
96
97

San
,
Francisco.

Philadelpliia.
Stand.oozs.

Alabama
Alaska
Arizona
Califnrnif),. . . ,
Colorado
Georgia
Idaho
Maryland
Michigan
Missouri-.
Montana
Nevada..!....
N e w Mexico
N o r t h Carolina
Oregon
•
S o u t h Carolina;
South Dakota
Termessee
Texas
Utah
Virginia
Washington
Wyoming
Hawaii
Philippines .
P o r t o Rico
Other

..:_..

.
...

New
Orleans.

New York.

S t a n d , ozs. S t a n d , ozs. S t a n d , ozs. S t a n d , ozs.
L95
. .67
2,039.56
2.61
160.03
59.97
12,578.07
IOL 53
6,127.28
42,123.18
874.75
1,377.67
19,068.01
82,442.28
2.44
121.13
.25

550.90
4L84
73.49
59.44
57.08
l,7n.70
13.25
4,480.71
.06
1,183. 47
51. 97
.30
34.67
15.73

14,580.13
L04
5,165. 50
.38

5.74
282.66
520.85

28,914.71
5.32
144,795.93
5.09

68.51

•ios,758. 78

64.45 1

5,014.16

4.83
.27

4.15
2.48
28.44
30. 36

7.06
10. 05
5.04
.'74

'

Denver.

882. 64

35.50

265.41
72.30

91.26
i.45
6.76

39.84

T o t a l d o m e s t i c buUion u n r e 8,309.36
fined.
D o m e s t i c bullion refinery b a r s
. 64,003.23
D o m e s t i c bullion refined
1,149,298.57

67,244.13

9q
30
31
39
33
34
35
36
37
38
39
40
41

Total domestic bulhon
1,221,611.16
67,244.13
2,375.30
1,354.42
D o m e s t i c coin m u t i l a t e d
D o m e s t i c coin, T r e a s u r y t r a n s f e r s . 811,121.71
37,423.46
T r a d e dollars
243.60
P h i l i p p i n e a s s a y coins
2,851.46
107.13
F o r e i g n bullion unrefined
. . 537,881.97
8,274.75
F o r e i g n bullion refined
; . . 339,904.38
F o r e i g n coin
• 337.50 1,375,758.10
H a w i i a n coin for recoinage
4,328.20
Jewelers' b a r s , old p l a t e , etc
128,557.54
65,188.99
40.63
C o n t a i n e d i n counterfeit c o i n . . . . . . .

28

42
43
44
45
46

37.92

91,840.15

314,596.26.

4,687.37

96,528.10
723,676.55

37.92 96,527.52 1,134,800.91
120.64
2.54
183.60
67,693.21 142,703.82
.86
25,034.57
5,362.47
2,914.19

36.21 i , 9 8 5 , i 4 i . 8 3
526,551.51
117,417.09
610.62

504,895.67

•

Total deposits
Redeposits:
Fine b a r s .
Mint bars
Unparted bars
.
....
F o r u s e in electrolytic r e f i n e r y . .

47

Total redeposits

48

T o t a l silver o p e r a t e d u p o n




•

3,044,884.62 1,559,719.81 101,163.86 239,880.71 4,268,990.61
32,150.00
137,167.59
242,641.17

286.44

103,201.72

5,653.49

2,485.72
11,232.66

i25.28
369.59

411,958.76

5,653.49

• 14,004.82

103,696.59 1

3,456,843.38. 1,565,373.30 101,163.86. 2.53,885.53 4,372,687.20
•

0IBECTOR OF T H E

305

MINT.

AT COINAGE M I N T S AND ASSAY OFFICES DURING THE FISCAL Y E A R

1906.

bullion accounts.]
Carson.

Boise.

Helena.

Charlotte.- St. L o u i s . D e a d w o o d .

Seattle.

Stand, ozs. Stand, ozs. Stand, ozs. S t a n d : ozs. S t a n d , ozs. S t a n d , ozs. Stand, ozs.
.15
3.87
364.22
75,780.65
85.86
39.82

59H5
72.75
14,096.89

722. 35

367.01

134. 87

.19,482.48
1,312.52

39.46
1.49

7,782. 44

45.62

1
5,883.40

752.99
.10

"

53.25

377.63

16,225.03
1

1
4.20
102.14
27.71

25i.23
.07

124.88
i

.

1

r
2.35

22,046.11

6,474.65

22,052.07

22,052.07

981.28

6.22

459.79

22,046.11

• 6,474.65

1,441.07
4.89

9.02

76,943.22

2.80

16,225.03

16,225.03

76,943.22

1

1
1

6.19

1,618.86

i
1

89,447.22

109.03

2.39

.78

14.12

4.2i

66.64

435.47

'23,685.05

1,504.99

450.68

113.21

6.83

1

22,046.11

6,478.86.

1
1

1

1.'

1

6,478.86 • 22,046.11

113.21

1,51L82

16,225.03




1
?
3
4
5
6
7
8
q
10
11
12
13
14
15
16
17
18
19
90

91
99

23
24
25
26
9,7

626,756.40

28
29
30

2,665,412.81 31
4,041.39 32
1,058,942.20 33
244. 46 34
35
2,958.59
2,647,441.60 36
866,455. 89 37
1,498,878.33 . 38
4,328.20 39
702,786. 48 40
40.63 41

16,225.03

166,500.25

42
43
44
45
46

535,434.70
450.68

9,451,530.58
135,638.16
137,167.59
.251,026.70
11,602.25

166,500.25

6.83

23,798.26

S t a n d , ozs
2.77
78,961.81
18,848.72
45,126.10
101,609.55
132. 27
17,019.33
13.25
19,060.84
.06
49,76L77
12,702.86
.145,317.46
792.75
13,300.13
53.25
122,061.30
2.75
28.44
917.20
109.20
714.78
77.41
.74
91.26
1.45
48.95

165,681.29
1,872,975.12'

1

1
1
1

•Total.

47

9,986,965.28

48

306

REPORT ON T H E FINANCES.
Mo.

4.—DOMESTIC

PRODUCTION, DEPOSITS

L o c a l i t y a n d d e s c r i p t i o n of d e posits.

Philadelphia.

AND

San
Francisco.

1
9
3
4
5
6
7
8
q
10
11
12
13
14
15
16
17
18
19
90
91
92
93
24
25
26
97

Alabama
Alaska
Arizona
California
Colorado
Georgia.'
Idaho
. . -.
M a r y l a n d '.
Michigan
Missouri
Montana. .
Nevada
N e w Mexico
N o r t h Carolina
Oregon
South Carolina
South Dakota
Tennessee
Texas
Utah
Virginia.
Washington
Wyoming
Hawaii
Philippines
P o r t o Rico
Other

7.87

Total domestic bullion un9,669. 07
refined.
D o m e s t i c b u l l i o n refinery b a r s . . .
74,476. 49
D o m e s t i c bullion refined
1,337,365. 61

78,247. 71

9q
30
31
39
33
34
35
36
37
38
39
40
41

T o t a l d o m e s t i c b u l l i o n . . . . 1,421,511.17
D o m e s t i c coin m u t i l a t e d
2,763.98
D o m e s t i c c o i n , T r e a s u r y t r a n s f e r s 943,850.72
Trade dollars
283.46
P h i l i p p i n e a s s a y coins
3,318.06
F o r e i g n bullion unrefined
625,899.02
395,525.10
F o r e i g n bullion refined
F o r e i g n coin
392.73
H a w a i i a n coin for recoinage
J e w e l e r s ' b a r s , old p l a t e , e t c . . . . . . 149,594.23
C o n t a i n e d in c o u n t e r f e i t coin

78,247.71
1,576.05
43,547.30

Nevv
Orleans.

OF SILVER, BY

Denver.

New York.

46.36

28

PURCHASES

49
*43
44
45
46

$641.05
48.69
85.52
69.17
66.42
1,99L80
15.42
5,213.92
.07
1,377.13
60.47
.35
40.34
18. 30

$2,373. 31
14,636. 30
49,016.06

5.62
.31

4.83

i
.

.

.

.
'. -. -

2.84

$0.78
186. 22
118.14
1,017.89
22,188. 23

140. 95

.29

L21
6,010.76
.44

6.68
328. 92
606. 08

33,646. 21
6.19
168,489. 80
5.92
75.00

79.72

123,064. 76

16,965. 98

5,834.66
2.88
33.09
35.33

8.2i
n.69
5.86
.86

$69. 78
7,129. 92
1,603.10
95,932. 84

1,627.67

4L31

...

308. 84
84.13

106.19
1.69

Total deposits

'.

124.66
9,628.80
1,600,882.15
5,036.45
75,856.28
47.28
1,814,946.68

37,410.91
159,613.19
282,346.09

6,578.61

366,075.65

44.12 112,322.91 1,320, 495. 60
140.38
2.96
213.64
78,770.28 166,055.35
1.00
29,131.14
6,239.96
3,39i.66

42.15 2,309,983.22
612,714.49
136,630.80
710.54

587,514.98

117,717.94 279,133.91 4,967,552.73
333.31

47

Total redeposits

479,370.19

6,578.61

48

T o t a l silver o p e r a t e d u p o n . 4,022,508.66

1,821,525.29

•

44.12 106,868.53

5, 454. 38 • 112,323. 61
842,096. 34

3,543,138.47

Redeposits:
Fine bars
Mint b a r s
Unparted bars
F o r u s e in electrolytic refinery




$2. 27
3.04

120,089.26

2,892.47
13,070.73

145.77
430.07

16,296.51

120,665.10

117,717.94 295,430.42 5,088,217.83

DIRECTOR OF TFIE IVCINT.

307

VALUE, AT COINAGE MINTS AND ASSAY OFFICES DURING THE FISCAL YEAR

Carson.

Boise.

Helena.

Charlotte.

St. Louis. Deadwood.

Seattle.

$0.17
$423:82

$88, isi. i2

$4.50

$687.88

99.91
46.34
84.65
$16,403. 65

156.94
6,846.14

840. 55

427.07

22,670. 52
1,527. 29

45.92
L73
876.21

.12

9,055.94

53.08

439.42
6L96
$18,880.03

4.88
118.85
32.23

292. 34
.08

145.32

'

7,534.14

25,653.64

2.74

25,653.64

25,660. 58

25,660. 58

1,14L84

7.24

535.03

7,534.14

3.26

1,676. 87
• 5.69

10. 50.

,

25,653.64

25,653.64

.91
506.73

27,560.77

1,751.25

524.43

7.95

1,759.20

$3.22
91,882.84
21,933.05
52,510. 36
118,236.58
153. 91
19,804. 31
15.42
22,179. 90
.07
57,904. 61
14,78L50
169,096.67
922. 47
15,476. 52
6L96
142,034.96
3.19
33.09
1,067.28
127. 06
831. 73
90.07
.86
106.19
1.69
56.97

1
9

3
4
5
fi
7

s

q
10
11
19

13
14
15
16
17
18
19
90
91

22
93
94
95
9fi
97

729,316.48

28
29
30

3,101,571. 20
4,702.70
1,232,223. 65
284.46
• 3,442.72
3,080,659.33
1,008,239.59'
1,744,149.33
5,036.45
817,787.92
47.28

31
32
33
34
35
36
37
38
39
40
41

18,880.03

42
43
44
45
46

623,050.10
524.43

193,745.7i 10,998,144.63
157,833.48
159,613.19
292,102.63
13,500.80

18,880.03

7o95

27,692.51




89,533.93

126.86

65.91

131.74
7,539.04

18,880.03

i64,684.64

16.43

Total.

192,792.77
2,179, 461.95

2.78

13L74

7,539.04

89,533.93

7.20

1,883.76

4.90

18,880.03

1906.

47

193,745.74 11,621,194.73

48

308

REPORT ON T H E FINANCES. .
No.

5 . — B A R S MANUFACTURED OF GOLD AND SILVER, BY W E I G H T ,
Phladelphia.

New
Orleans.

S t a n d , ozs.
220,434.173

349,524.049
1,417,773.53

GOLD.

Fine bars
Mint bars
Standard bars
Unparted bars

San F r a n cisco.

S t a n d , ozs.
349,524.049

Description.

Denver.

New York.

S t a n d , ozs.
518.409

S t a n d , ozs.
• 619,876.58(5

S t a n d , ozs.
2,700,110.546
239,306.972
184,116.912

220,486.039

518. 409

1,390,818.435

71,283.01

21,877.94

51.866

T o t a l gold

•

770,941.849
3,123,534.43'0

SILVER.

Fine bars
Mint bars Unparted bars

242,652.88

4,192,794.76
137,167.59
4,518.34

242,652.88

4,334,480.69

•
31.84

T o t a l silver

1,417,773.53

No.

71,314.85

21,877.94

6 . — B A R S MANUFACTURED OP GOLD AND SILVER, BY V A L U E ,

Philadelphia.

San F r a n cisco.

Fine bars
Mint bars
Standard bars..
Unparted bars

$6,502,773.12

$4,101,100.89

T o t a l gold

6,502,773.12

4,102,065.84

9,644.81

1,649,772.83

82,947.50

25,457.97

Description.

New
Orleans.

Denver.

New York.

GOLD.

964. 95

$9,644.81 $11,532,587.64 $50,234,614.77
4,452,222.77
3,425,430. 94
14,343,104.18
25,875,691.82

58,112,268.48

282,359.72

4,878,888.45
159,613.20
5,257.70

SILVER.

Fine bars
Mint bars
Unparted bars

37, 05

T o t a l silver

1,649,772.83

82,984.55

25,457.97

282,359.72

5,043,759.35

Total value

8,152,545.95

4,185,050.39

35,102. 78

26,158,051.54

63,156,027.83




309

DIRECTOR OF T H E M I N T .
AT COINAGE MINTS AND ASSAY OFFICES DURING FISCAL YEAR

Carson.

Boise.

Helena.

Stand, ozs. S t a n d . o z s . - S t a n d . o z s .

Charlotte.

1906.

St. Louis. Deadwood. - Seattle.

S t a n d , ozs. S t a n d , ozs. S t a n d , ozs.

S t a n d , ozs.
9,566.036

Total.

39,558.877

43,611.656

125,872.425

12,340.635

11,878.527

29,465.138

954,994.610

S t a n d , ozs.
3,900,029.799
239,306.972
184,116.912
1,988,715.583

39,558.877

43,611.656

125,872.425

12,340.635

11,878.527

29,465.138

964,560.646

6,312,169.266

6,478.86

22,046.11

23,685.05

1,504.99

450.68

16,225.03

166,500.25

5,703,729.24
137,167.59
484,094.03

6,478.86.

22,046.11

23,685.05

1,504.99

450.68

16,-225.03

166,500.25

6,324,990.86

AT COINAGE MINTS AND ASSAY OFFICES DURING FISCAL YEAR

Carson.

Boise.

Helena.

Charlotte.

St. L o u i s . D e a d w o o d .

1906.

Seattle.

Total.

$177,972.76

$72,558,693.99
4,452,222.77
3,425,430.94
36,999,354.42

'
$735,979.06
735,979.06

7,539.04
7,539.04
743,518.10

$811,377.41 $2,341,811.92 $229,592.41 $220,995.63 $548,188. 95 17,767,339.91
811,377.41 2,341,811.92 229,592.441

220,995.63

25,653.64

27,560.77

25,653.64

27,560.77

1,75L25

524. 43

837,031.05 2,369,372.69

231,343.66

221,520.06

H. Doc. 9, 59-2-




-21

1,751.25

524. 43

548,188. 95 17,945,312.67

117,435,702.12

6,637,066.75
159,613.20
563,309.37

18,880.03

193,745.74

18,880.03

193,745.74

7,359,989.32

567,068.98 18,139,058.41

124,795,691.44

310

REPORT ON T H E FINANCES.

No. 7.- -MUTILATED

AND U N C U R R E N T DOMESTIC GOLD AND SiLVER COINS

TRANS-

AGE DURING THE
PHILADELPHIA.

Denomination.

Received
from
Treasury.

SAN F R A N C I S C O .

Purchased.

Received
from
Treasury.

Purchased.

N E W ORLEANS.

Received
from
Treasury.

Purchased.

GOLD.

D o u b l e eagles .
Eagles
Half eagles
T h r e e - d o l l a r pieces
Quarter eagles...
Dollars
Dollars, Lewis and Clark
Exposition.
Total
gold,
. value

$147,880.00
165,690.00
435,815. 00
9.00
2,732. 50
47.00

$19,920.00
20,640.00
61, 410. 00
33.00
5,070.00
162. 00*
25,060.00

$20,580.00
3.670.00
5; 800.00
6.00
15.00
1.00

$9,940.00
7,040.00
14,320.00

$1,920.00
550.00
665.00

225.00
2.00

30.66

132,295.00

30,072.00

31,527.00

3,168.00

113.00
1,149.00
81.25

34,325.66

1.00
71.00
38.00
2.5.50

3.00

.

face
752,173. 50

SILVER.

Trade dollars
Standard dollars.
Half d o l l a r s
Q u a r t e r dollars
T w e n t y - c e n t pieces
Dimes
Half d i m e s
T h r e e - c e n t pieces
Melted coin, e s t i m a t e d
Total
silver,
value

•
401,177.00
328, 498. 00
29.00
348,247. 00
731. 30
48. 45

280.00
718.00
1,174. 00
864. 25
] 92. 90
28.15
.15

$25,000.00
15,000.00
.60
9,000.00
60.15

108. .50

28,045.00
50.00
28,230.00
15.00

18.00
.55

400.00
face
1,078,730.75

3,257. 45

49,060. 75

1,8-51. 75

90,665.00

154.05

H A W A I I A N COIN.

Dollars
Half d o l l a r s
Q u a r t e r dollars

1,578.00
1,520.50
2,2.13.25

T o t a l face v a l u e

5,31L 75

SUMMARY.

Gold coins
Silver coins
H a w a i i a n coins

S t a n d , ozs.
40,085.230
811,12L 71

S t a n d , ozs. S t a n d , ozs. S t a n d , ozs. S t a n d , ozs. S t a n d , ozs.
1,577.756
7,060.127
1,681.900
168. 355
1,354.42
37,423. 46
2,618. 90
67,693. 21
12L50
4,328. 20

.'S745.771.72 $131,35L21
Gold, coining v a l u e
Silver, s u b s i d i a r y v a l u e . . . j 1,009,171. 65
3,258.36
Hawaiian, s u b s i d i a r y :
value
-- .
Loss,
Loss,
Gain,
Gain,

gold...'
silver, s u b s i d i a r y . . . .
silver, s u b s i d i a r y
silver, H a w a i i a n

$6. 401. 78
69,559.10

$46,56L07

$29,353.60
a 1,685.12

$31,29L16
84,22L72

$3,132.19
151.17

5,385. 00

$943. 79
$2,499. 68

$718. 40
166. 63

$235. 84
6,443. 28

$35. 81
2. 88

.91
73.25

a Includes 318.74 standard ounces contained in domestic silver coin melted, estimated value at $400 in
subsidiary coin.
,
.




DIKECTOR OB' T H E
F E R R E D FROM THE T R E A S U R Y AND

FiscAL Y E A R

P U R C H A S E D OVER T H E C O U N T E R FOR

NEW
YORK.

CARSON.

CHARLOTTE.

ST.
LOUIS.

SEATTLE.

TOTAL.

Received
PurPurPurPur- Purchased. Pur-.
f
chased. chased. chased. chased. T r erao mr y .
chased.
su

$5.00

$10.00

135.00

578,794. 50

5.00

10.00

3.00
$86,550.00
53,200.00

2.00
174. 50
41.00

2.00
1.50
2. 50

51,200.00
50.00

16.60
.65

.40

547,052. 00
424,743. 00
79.60
436,677. 00
856. 45
48.45

234. 75

6.40

1,409,456. 50

3.00

Total.
Purchased.

$100.00 $120.00 $157,820.00 $204,2cS0.00
10.00
20.00 172,730. 00 331,420.00
55.00
40. 00 450.135. 00 166,230. 00
3.00
9.00
102. 00
25.00
2,957.50
17,522. 50
49.00
238. 00
25,060. 00

$20.00 $161,620.00
60.00 306,470.00
98; 190. 00
55.00
60.00
12,382. 50
72.00

191,000.00

RECOIN-

1906.

DENVER.

Received
from
Treasury.

311

MINT.

193.00

180.00

783,700.50

$362,100.00.
504,150.00
616,365. 00
111. 00
20, 480. 00
287. 00
25,060.00

744,852. 50

1,528,553.00

281.00
909.00
2,537. 50
1,014.00
336. 40
29.35
.15
400.00

281.00
909. 00
549,589. 50
425,757. 00
79.60
437,013. 40
885. 80
48. 60
400. 00

5,507. 40

1,414,963.90

1,578.00
1,520. 50
2,213.25

Stand,
Stand,
S t a n d , ozs.
ozs.
S t a n d .ozs. ozs.
.260
6.867 30,793. 225
142,703. 82
2.54
183. 60

$177,547. 52

$127. 76 $572,897.20
228. 42
3.16

'

Stand,
ozs.
.533
4.89

Stand,
ozs.
9.950

Stand,
ozs.
8.950

1,578. 00
1,520.50
2,213.25

5,31L75

^

5,31L75

Stand, ozs. Stand, ozs. Stand, ozs.
41,767.130 39,626.023
81,393.153
1,058,942.20
4,285. 85 1,063,228.05
4,328.20
4,328. 20

$4.84

$9.92 $185. 08 $166. 51 $777,062.88 $737,228.31 $1,514,291.19
6.08
1,317,501.96
5,332.31 1,322,834.27

$0.16

$0.08
.32

5,385.00
$7.24
'$i3,452."48'

ie"

$5,897.30
6.33




$7. 92

$13. 49

$6,637. 62
91,954.54
73.25

5,385. 00
$7,624.19
176.16
L07

$14,26L81
92,130. 70
1.07
73.25

312

REPORT ON T H E FINANCES.
No.

§ . — A S S E T S AND LIABILITIES OF THE

UNITED

ASSETS.
Gold bullion.

Silver bullion.

Institutions.
Standard
ounces.

Value.

Standard
ounces.

Value
(cost).

V a l u e of g o l d
bullion
s h i p p e d for
coinage.

$297,889.29
341.52
547,472.98
18,367.26
70,794.79
88,841.47

COINAGE M I N T S .

1,004,674.115 $18,691,611.45

Philadelphia
For Philippine coinage.
San Francisco
For Philippine coinage.
N e w Orleans
Denver

725,385.175

13,495,538.14

21,365. 210
1,182, 429.790

397,491.97
21,998,693.76

579,576.53
661.53"
1,055,279.71
31,920.49
66,857.98
155,795.02

2,528,362.428
8,009.477
7,791.095
6,644.734
439.639
959.988
2,795.796121,733.980

47,039,300.94
149,013.45
144,950.61
123,622.95
8,241.54
17,860.32
52,014.84
2,264,818.08

822,387.46
3,124.27
1,392.91
4, 444. 46
81.56
31.83
1,494.43
19,183.88

441,098.98
1,706.34
835.30
2,666.30
47.58
19.04
896.61
11,492.46

5,610,591.427 104,383,158.05

2,742,232.06

1,482,469.92

ASSAY O F F I C E S .

New Y o r k .
Carson
Helena
Boise
Charlotte..
St. L o u i s . .
Deadwood.
Seattle
Total.

LIABILITIES.

Institutions.

B u l l i o n fund.

Undeposited
earnings.

COINAGE M I N T S .

Philadelphia
SanFrancisco
New Orleans
Denver

.

$315,063,604.40
283,035,651.11
31,710, 459. 92
3,7,839, m . 59

.

$10,570. 49
2,923. 72

ASSAY" O F F I C E S .

New York
Carson
Helena
Boise.
Charlotte
St. Louis
Deadwood
Seattle

."
'

Total




.

. . . .
•

51,967,082.37
389,941.01
501,560. 72
207,213.63
34,218.79
42,270.55
129,395.18
7,123,634.32

20,651.09

728,044,144.49

40,778.77

81.17
433.28
4L78
168.22
5,909.02

DIEECTOE OF T H E
STATES MINTS AND ASSAY OFFICES, J U N E 30,

313

MINT.
1906.

ASSETS.

Gold coin.

Silver coin.

Credit b a l ance with
Assistant
Treasurer
and.depository banks.

201,195,515.00

63,165,011.01
29,649,620.16
21,272.31

3.47
683.60

4,196,170.16
143,123.77
355,855.98
81,357.66
25,971.45
24,391.19
76,651.95
5,853,691.27

406,391,340.00

200,104,294.42

Deficiencies.

$13,543.82

90,536.79
1,247,422.77

314,730.00
19,865.00

$9,837.27
7.27

$4,257,141.29

1,502,090.00
14,485,805.00

Minor coinage m e t a l .

$1,793,359.61

$188,873,335.00 $107,267,703.87

Minor coin.

.

413,557.96

75,549.75

15,352,314.28 1,793,359.61

9,844.54

502,651.53

Total.

$3.16,947,280.31
348.79
283,074,236.38
18,367.26
31,710,533.71
37,842,035.31

51,991,303.55
389,941.91
501,641.89
207,646.91
34,260.57
42,270.55
129,563.40
7,130,001.81
730,019,432.35

LIABILITIES.

Seigniorage o n
silver.

U n p a i d depositors.

Minor coinage
profits.

$79,477.26
26,212.71

$1,343.29
20,169. 33
73.79

$582,601. 85

Minor coin
m e t a l fund.

$100,000.00

Unpaid cent
depositors and
subtreasury
m i n o r coin
transfers.

$1,120,602.30

458. 47
25,614.97




$316,947,629.10
283,092,603. 64
31,710,533. 71
37,842,035. 31
51,991,303.55
389,941.91
501,641. 89
207,646. 91
34,260. 57
42,270. 55
• 129,563.40
7,130,001.81

3,570.09

105,689.97

Total.

582,601.85

100,000.00

1,120,602.30

730,019,432. 35

314

REPORT ON T H E FINANCES.
W o . 9 . — E A R N I N G S AND EXPENDITURES OF THE U N I T E D STATES
EARNINGS AND GAINS.
MINTS.
Item.

Philadelphia.

San Francisco.

Charges for parting and refining
$74,292.73 $29,418.23
Charges for alloy
2,388. 43
3, 445. 65
Charges for assaying and stamping
Seigniorage on subsidiary coinage .
228,238.io 279,523.84
Seigniorage on minor coinage
2,735,082.09
Seigniorage of recoinage of minor coins
3,242.17
Profits on medals and proof coins
1,696.98
Charges received for mounting, etc., medal-fund
account '.
146.14
Deposit melting-room grains and sweepings
1, 461. 56
793.38
Surplus bullion recovered by operative officers
5,652. 01 10,570. 49
Gain on bullion shipped mint for coinage
867. 61
Proceeds sale of old material
592.85
Receipts from special assay of bullion and ore
348.00
7,662.65
Receipts from sale of by-products
Receipts for manufacturing appliances for Government and other institutions
18,843,26
70.676.00
Charges received for coinage for foreign countries..,
Charges received for coinage for Philippine govern- j
ment
16. 40 15,945.93
Total

. . . 3,142,95L48

347,952.42

New
Orleans.

Denver.

$2,487.94
•7L42

$26,365.05
2,659.97

124.80
822.07

7,984.90
4,383.13

4.00

36.-00

3,510.23

41,,329.05

E X P E N D I T U R E S AND LOSSES.
Salaries of oificers and clerks
Wages of workmen and adjusters
Contingent expenses, less amount paid to reimburse
wastage and loss on sweeps sold
Parting and refining expenses, less amount paid to
reimburse wastage and loss on sweeps sold
Wastage of the operative departments
..
Wastage of the operative departments., minor coinage operations
Loss on sweeps sold during the year.
'..
Loss on leady melts sold during the year
Expenses of distributing minor coins
;
Expenses of medal fund '(charges paid for mounting, etc.) .•
'
:
Loss on recoinage oh minor coins
Total

.




.

$42,550.00
447,271.64

$41,100.00
187,559.29

$27,193. 33 $35,912.22
34,604.82
84,305.18

85,03183

27,03L55

8,952.69

37,724.06

53,088.61
7,047.65

27,354.99
522. 20

1,01L17
456. 74

44,712.72
2,084.25

1,299.83
1,367.08

1,105:33

322. 33

35,609.28
146.14
10,270.97
683,686.03

•

284,673.36

72,541.08

204,738.43

DIBECTOB 0.1? T H E

315

MINT.

MINTS AND ASSAY OFFICES FOR. THE FISCAL Y E A R

1906.

EARNINGS AND GAINS.
ASSAY O F F I C E S .

New York. , Carson.

Helena.

Boise.

Deadwood.

Charlotte. St. Louis.

Seattle.

$101,297.04
5,732. 56
$926. 66

1,965.16
1,726.00
13,722.89

$1,035.91

105. 46

285. 48

1,323. 83

545. 62.

7,673.99
218.26

$2,954.06

$352. 49

827.i5

996. 50

519. 53

302.00

89.00

428.00

535.00

$696. 33 $22,554. 43

$278. 50

35.22

277. 63

2,343.21

49. 30

34.25

2,085. 83

84.00

108.00

75.00

Total.
$233,860.99
14,198.03
28,798. 38
507,761.94
2,735,082.09
3,242.17
1,696.98
146.14
22,409. 46
21,645.96
5,058.18
3, 425. 62
3,735. 00
21,384.94
18,843.26
70,676.00

••
132,335.90

1,879.74

4,155.69

3,784.24

1,407.02

15,962.33
1,116.21

27,058. 47

3,707,927.47

$3,200.00 $10,450.00
3,865.00 27,473.65

$220,685.44
840,113.80

447.02

E.KPENDITURES AND LOSSES.
$40,735.46 $5,000.00
27,608.26 3,600.00
9,939.32

1,95L22

$5,450.00
14,249.50

$3,400.00
8,227.00

$2,694.43
1,080.00

$3,000.00
269. 46

3,939.59

2,295.58

913. 99

275.99

1,918.23

7,925.66

187,902.71

130,518.30
2,136.78

256,685. 79
12,247.62

10,45L37
590. 41

1,299.83
13,246.11
590. 41
35,609.28
146.14
10,270.97

221,979.90 10,551.22

23,639.09




13,922.58

4,688.42

3,545.45

8,983,23

45,849.31

1,578,798.10

316

REPORT ON T H E FINANCES.

No.

1 5 . — R E C A P I T U L A T I O N OF IMPORTS AND E X P O R T S OF BULLION AND COIN
DURING THE FiSCAL Y E A R 1906.
Excess.
Description.

Imports.

Exports.
Exports.

Imports..
GOLD.

C o n t a i n e d i n d o m e s t i c ore
C o n t a i n e d in foreign ore
Domestic bullion.
Foreign bullion
U n i t e d S t a t e s coin
F o r e i g n coin

.
$14,265,253

$821,659
300
6, 452,243

38,989,447
35,251,921
7,715,109

.

Total
E x c e s s of i m p o r t s

26,573,572
1.0,725,817

96,221,730

.

38,573,591

$821,659
$14,264,953
6,452,243
38,989,447
14,678,349
3,010,708
67,932,749
57,648,139

10,284,610

SILVER.

C o n t a i n e d i n d o m e s t i c ore
C o n t a i n e d i n foreign ore
.
Domestic bullion .
F o r e i g n bullion
U n i t e d S t a t e s coin
F o r e i g n coin

294,574

294,574
.-^

20,728,768

20,728,768

'

56,588,881
10,902,060
946.360
. 11,865,352

Total..
E x c e s s of e x p o r t s

84,012
8,901,596

10,902,060
862,348
2,963,756

44,442,540

:

65,869,063

35,456,932

56,588,881

56,883,455
21.426,523

N o . 1 6 . — G O L D AND SILVER IN TRANSIT AND IN TRANSSHIPMENT OF THE CUSTOMS
DISTRICTS OF N E W Y O R K AND P U G E T SOUND DURING THE FISCAL Y E A R 1906.
GOLD.

C o u n t r y from which received a n d t o
which s h i p p e d .

I n ore.

Total

Total




Coin, .
foreign.

T o t a l gold.

-

Received f r o m :
Mexico
West Indies—British
Colombia
Venezuela

Shipped t o :
Belgium
France
Germany
England

Bullion
refined.

$1,000
12,216
402,313
2,316

.

417,845

.

434
114,145
69,721
. 233,545
417,845

$5,480
5,480

5,480
5,480

$1,000
12,216
407,793
2,316
423j 325
434
114,145
75,201
233,545
423,325

317

DIRECTOR OF T H E M I N T .

N o . 1 6 . — G O L D AND SILVER I N T R A N S I T AND IN TRANSSHIPMENT OF I N THE C U S TOMS DISTRICTS OF N E W Y O R K AND P U G E T SOUND DURING THE F I S A L Y E A R

1906—Continued.
SILVER.

C o u n t r y from w h i c h received a n d t o
which s h i p p e d .

Received from:
Germany
...
England
D o m i n i o n of C a n a d a — Q u e b e c , O n t a rio, e t c
Mexico
West I n d i e s British
Cuba.
. . °
.
Colombia
Venezuela

I n ore.

Bullion.

Coin,
fbreign.

Total
silver.

T o t a l gold
a n d silver.

. $5
.75,479

$5
75,479

$5
75,479

$2,346,660

a 6,000
4,899,365

6,000
7,403,256

6,000
7,404,256

76,356

2,207,033
48,990

6,196,888
300

8,480,277
49,290

12,216
8,480,277
457,083
2,316

233,587

Total
Shipped t o :
Belgium
France
Germany
England
D o m i n i o n of C a n a d a — B r i t i s h Colimibia
Me^tico
. .
West Indies—British

$157,231

4,602,683

11,178,037

16,014,307

16,437,632

41,104
192,483

557,792
1,696,931
2,347,960

10,511
11,086,042

557,792
1,748,546
13,626,485

434
671,937
1,823,747
13,860,030

a 6,000
16,551
58,933

6,000
16,551
58,933

6,000
16,551
58,933

11,178,037

16,014,307

16,437,632

233,587

Total

4,602,683

« Puget Sound.

No. 17.-

-SEIGNIORAGE ON THE COINAGE OF SILVER AND DISPOSITION
SAME DURING THE FiSCAL Y E A R 1906.

July 1, 1905, balance on hand:
Philadelphia
'
Seigniorage on subsidiary silver;
Philadelphia
San Francisco'.
Total

:

OF THE

$144.17
$228,238.10
279,523.84
• 507,76L94
;

507,906.11
PHILADELPHIA.

Warrant No. 2666

148,905.01
- SAN F R A N C I S C O .

Warrant No. 2667
1727..:
Amount deposited in Treasury
June 30, 1906, balance on hand:
Philadelphia
San Francisco

$168,575.36
84,735. 77

$79,477.1
26,212.71
105,689.97

Total...




507,906.11

318
No.

REPORT ON T.HE FINANCES.
1 8 . — A V E R A G E P R I C E OF AN OUNCE OF GOLD I N LONDON AND EQUIVALENT
VALUE IN U N I T E D STATES SINCE 1870.
Equivalent
value in
United States
gold coin of
an ounce of
gold, British
standard
(.916§).

Average London price.

Calendar year.

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
1905

£ s.
d.
3 17 9.01
3 17 9.01
3, 17 9.24
3 17 9.28
3 17 9.00
3 17 9.23
3 17 9.30
3 17 9.42
3 17 9.41
3 17 9.11
3 17 9.15
3 17 9.35
3 17 9.43
3 17 9.18
3 17 9.32
3 17 9.17
3 17 9.10
3 17 9.01
3 17 9.21
3 17 9.04
3 17 9.44.
3 17 10.29
3 17 10.17
3 17 10.57
3 17 9.33
3 17 9.03
3 17 10.16
3 17 11. 23
3 17 10.46
3 17 9.27
3'17 9.91
3 17 9.83
3 17 9.55
3 17 10.06
3 17 9.94
3 17 9.42

Mint price.
Bank price

3 17 10.50
3 17 9.00

^O.

Value in
United States
gold coin of
an ounce
1,000 fine. -

$18.9187
18.9187
18.9233
• 18.9241
18.9185
18.9231
18.9246
18.9270
18.9268
18.9207
18.9215
18.9256
18.9272
18.9221
18.9250
18.9219
18. 9205
18.9187
18.9227
18.9193
18.9274
18.9446
18.9422
18.9503
18. 9256
18. 9191
18.9420
18.9637
18. 9481
18.9240
18.9371
18.9356
18.9300
18.9404
18.9380
18.9272

.Per cent
premimn
above Bank
of England's minimum r a t e .

$20.638
20.638
20.643
20.644
20.638
20.643
20.645
20.647
20.647
20.640
20.641
20;646
20.647
20.642
20.645
20.642
20.640
20.638
20.642
20.639
20.648
20.666
• 20.664
20.673
20.646
20.639
20.664
20.688
20.670
20. 644
20.658
20.657
20.650
20.662
20.659
20.648

18.9491
18.9185

20.671
20.638

0.00106
.00106
.02571
.03000
.02431
. 03215
. 04501
. 04394
.01178
.01607
.03751
. 04607
. 01920
.03429
.01821
.01071
. 00106
. 01804
.00428
.04715
.13826
.12542
. 16826
.03747
.00324
.12433
.23901
.15648
.02936
.09870
.09078
. 05951
. 11570
. 10337
. 04639
.16208

1 0 . — B U L L I O N VALUE OF THE SILVER DOLLAR [371J G R A I N S OF P U R E SILVER]
AT THE ANNUAL A V E R A G E P R I C E OF SILVER EACH Y E A R FROM 1837.

Year.
1837
1838
1839.....
1840
1841
1842
1843
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854

Value.
$1.009
1.008
1.023
L023
..
"
. . L018
L007
• 1.003
1.008
L004
1.005
1. Oil
. 1.008
L013
L018
L034
L025
L042
L042




Year.
1855
1856
1857
1858
1859.
1860
1861
1862
1863
1864
1865. . .
1866...
1867
1868
1869
1870.
1871
1872

Value.

Year.

Year.

Value.

$1.039 1873
$1.00368
1.039 1874
=98909
1.046 1875.....
. 96086
1.039 1876
. 90039
1.052 1877
. 92958
L045 1878 . . . .^.
.89222
1.031 1879
.86928
1.041 1880
.88564
1.040 1881
.87575
1.040 1882
.87833
L035 1883 •
.85764
L036 1884
.85904
L027 • 1885
.82379
L025 1886
.76931
L024 1887
.75755
L027 1888
. 72683
. 1.025 1889
.72325
..
1.022 1890
. 80927

1891 . . .
1892
1893
1894
1895
1896
1897
1898 .
1899
1900 .
1901
1902
1903
1904
1905

.

Value.
. $0.76416
. 67401
.60351
. 49097
.50587
.52257
. 46745
. 45640
. 46525
. 47958
. 46093
. 40835
. 41960
. 44763
.
. 47200

DIRECTOR OF T H E
No.

319

MINT.

2 0 . — P R O D U C T OF GOLD AND SILVER IN THE U N I T E D
. 1844, AND ANNUALLY SINCE.

STATES PROM 1792

TO

[The estimate for 1792-1873 is by R. W. Raymond, commissioner, and since by Director of the Mint.]
Silver.

Gold.
Year.
F i n e ounces.

Commercial
value.

•.

:
•
. . . .

."
.

. . .
:

.

.

. .
- .

Grand total




$253,400
50,200
50,300
50,600

24,537,000

309,500

404:, 500

10,000,000
40,000,000
50,000,000
55,000,000
60,000,000
65,000,000
60,000,000
55,000,000
55,000,000
55,000,000
50,000,000
50,000,000
46,000,000
43,000,000
39,200,000
40,000,000
46,100,000
53,225,000
53,500,000
51,725,000
48,000,000
49,500,000
50,000,000
43,500,000
36,000,000

38,700
38,700
38,700
38,700
38,700
38,700
38,700
38,700
38,700
38,700
38,700
77,300
116,000
1,546,900
3,480,500
6,574,200
8,507,800
8,701,200
7,734,400
10,441, 400
9,281,200
9,281,200
12,375,000
17,789,100
22,236,300

50,500
50,700
50,900
51,700
51,300
52,200
52,200
52,000
52,000
52, 400
52,000
105,100
156,800
2,062,000
• 4,684,800
8,842,300
11,443,000
11,642,200
10,356, 400
13,866,200
12,306,900
12,297,600
16, 434,000
23,588,300
29,396,400

58,279,778

Total

Insignificant.
193,400
38,700
38,700
38,700

483,750
1,935,000
2,418,750
2,660,625
2,902,500
3,144,375
2,902,500
2,660,625
2,660,625
2,660,625
2, 418,750
2, 418,750
2,225,250
2,080,125
•1,896,300
1,935,000
2,230,087
2,574,759
2,588,062
2,502,196
2,322,000
2,394,562
2,418,750
2,104,312
1,741,500

:

$14,000,000
7,500,000
1,008,000
1,140,000
889,000

1,187,170

Total
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
I860.
1861
1862
1863
1864
1865
1866.
1867
1868
1869
1870
1871.....
1872.

Total

F i n e ounces.

677,250
362,812
48,762
55,341
43,005

1792 t o J u l y 31, 1834
J u l y 31, 1834, t o Dec. 31, 1844
1845
1846
1847

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...
1905

Value.

1,204,750,000

118,568,200

157,749,900

1,741,500
1,620,122
1,619,009
1,931,575
2,268,662
2,477,109
1,881,787
1,741,500
1,678,612
1,572,187
1,451,250
1,489,950
1,538,373
1,686,788
1,603,049
1,604,478
1,594,775
1,588,877
1,604,840
1,597,098
1,739,323
1,910,813
2,254,760
2,568,132
2,774,935
3,118,398
3,437,210
3,829,897
3,805,500
3,870,000
3,560,000
3,892,480
4,265,742

36,000,000
33,490,900
• 33,467,900
39,929,200
46,897,400
51,206,400
38,900,000
36,000,000
34,700,000
32,500,000
30,000,000
30,800,000
31,801,000
34,869,000
33,136,000
33,167,500.
32,967,000
32,845,000
33,175,000
.
33,015,000
35,955,000
39,500,000
46,610,000
53,088,000
57,363,000
64,463,000
71,053,400
79,171,000
78,666,700
80,000,000
73,591,700
80; 464,700
88,180,700

27,650, 400
28,868,200
. 24,539,300
29,996,200
30,777,800
35,022,300
31,565, 500
30,318,700
33,257,800
36,196,900
35,732,800
37,743,800
39,909,400
39,694,000
41,721,600
45,792,700
50,094,500
54,516,300
58,330,000
• 63,500,000
60,000,000
49,500,000
55,727,000
58,834,800
53,860,000
54,438,000
• 54,764,500
57,647,000
55,214,000
55,500,000
54,300,000
57,682,800
56,101,600

35,881,600
36,917, 500
30,485,900
34,919,800
36,991, 500
40,401,000
35,477,100
- 34,717,000
37,657, 500
41,105,900
39,618, 400
41,921,300
42, 503,500
39,482,400
40,887,200
43,045,100
46,838,400
57,242,100
57,630,000
55,662, 500
46,800,000
31, 422,100
36/445,500
39,654,600
32,316,000
32,118,400
32,858,700
35,741,100
33,128,400
29, 415,000
29,322,000
33,456,000
34,222,000

75,318,731

1,556,974,500

1,498,797,900

1,276,285,500

134,785,679

2,786,261,500

1,617,675,600

1,434,439,900

320

REPORT ON T H E FINANCES.
No.

21.—^^COINAGE OP N A T I O N S .
1903.

1904.

1905.

Country.
Gold.

Silver.

Gold.

United States
$43,683,971 •$19,874,440 $233,402, 408
Philippine Islands .
17,438,713
Abyssinia
272,014
Arabia
Austria-Hungary
4,734,471
9,547,248
5,570,650
Liechtenstein
Belgium
870,642
Bolivia
.
Brazil
,.
7,808
British Empire:
• 54,106,054
54,829,240
Australasia
4,867
British Guiana
Canada
311,539
Ceylon
194,660
Great Britain
, 48,314,612 . 2,618,975
53,735,893
6,755,647
Hongkong
India
53,632,572
Newfoundland
15,000
Straits Settlements.
15,842,891
Chile
China
Costa Rica
40,023
294,624
Denmark
135,994
Danish West Indies.
Ecuador
Esrvnt
494,300
30,325,314
F r a n c e . . .•
: . . . 17,198,828
305,673
F r e n c h Colonies:
10,778,311
Indo-China..
,...
1,158,249
Tunis
. 347
2,316,249
Germany
22,245,886
21, 434,301
14,313,096
G e r m a n E a s t Africa
Honduras
25,592
Italy
20,698
Japan
. . 14,548,296
31,179,904
374,828
Formosa
2,557,338
Korea
683,589
1,150,654
Mexico:
27,238,450
Monaco
193,000
Morocco
4,337,146
207,736
Netherlands.
361,800
N e t h e r l a n d s Colonies:
D u t c h E a s t Indies .
• 402,000
Norway
135,742
Panama
149,267
43,034
Persia
7,046,743
543,294
Peru
155,251
420,045
Portugal
421,200
10,458,689
Russia
27,740,593
4,042,190
San Salvador
Servia
Siam
11,576,827
14,722
Spain
2,046,092
Sweden
201,776
Switzerland
77,200
386,000
386,000
5,687,952
Turkey
4,245,730
1,257,573
Venezuela
600,000
Total




240,499,547

211,795,829

455,427,085

Silver.

Gold.

Silver.

$15,695,610
4,308,229
288,535
4,083
. 638,972
30,455
618,758
763,999

$49,638, 441

$6,332,181
3,283,428
20,072

10,187,354

379,592
235,842

54,933,203

456,606

350,000
3,036,200
4,148,847
36,889,486

35,525,450

20,364,664
204,212
16,581,901
58,170
100,981
192,050
2,615,048
2,316,000

27,187
38,294,861

1,540,744
3,698,727
64,891,355
248,815
352,772
37,985,729
52,000
250,878
60,334
24,333
1,016,618
2,160,434

249
36,201,237

3,560,882
349
16,280,551
421,763

53,172
10,446,464

769,326
4 932,418

19,343,540

717,654

249,200
7,365,925

i,2i5,969
• 1,286,400

200,924

1,015,728
603,000

5,750,712
116,149
15,421,905
421,763
20,415
60,629
2,417,549
3,474,268

.402,000
80,507
•2,071,014
2,980,458
36,097
248,492
3,609,176
1,000,000
2,393,200
1,318,021
1,489,972
379,244
231,600
1,146, 416
579,000

386,000
7,730,656
386,000

488,709
1,948,358
1,605,874
49,044
308,800
687,314
579,000

176,508,646

245', 954,248

172,719,102

1,'206,000
, 147,480
885,866

1,928,986
1,116,349
68,131
10,804
4,538,737

321

DIRECTOR OF T H E M I N T .
No.

2 2 . — W O R L D ' S PRODUCTION OF GOLD AND SILVER.

[Calendar year 1903.]
GOLD.

Country.

Kfiograms
(fine)

North America:
United States
. . 110,731
16,066
Mexico
28,340
Canada
102,314
Africa
134,231
Australasia
Europe:
37,063
Russia. . .
Austria-Hungary.. 3,378
. 106
Germany
4
Norway
51
Sweden
40
Italy
8
Spam
2
Portugal
Greece
31
Turkey
3
Finland
France..
....
142
Great Britain
South America:
45
Argentina
5
Bolivia
958
Chile
4,100
Colombia
413
Ecuador
3,431
Brazil
451
Venezuela
Guiana—
2,424
British
566
Dutch
French.
. . . . 3,162
892
Peru
77
Uruguay
2,822
Central America
Asia:
Japan
4,350
11,021
China
4,514
Korea
17,197
India (British)
British East Indies 2,024
Dutch East Indies. 2,121
Total

493,083




Ounce's
(fine).

SILVER.

Value.

Kilograms
(fine).

3,560,000 $73,591,700 1,689,270
516,524 10,677,500 2,193,249
97,984
911,118 18,834,500
10,677
3,289,409 67,998,100
89,210,100
4,315,538
301,233
1,191,582
108,609
3,412
129
1,640
1,291
262
63
999
96

24,632,200
2,245,100
70,500
2,700
33,900
26, 700
5,400
1,300
20,700
2,000,

4,547

94,000

1,451
142
30,812
131,795
13,272
110,314
14,513

30,000
2,900
• 636,900
2,724,400
274,400
2,280,400
300,000

77,948
18,183
101,658
28,669
2,491
90,716

1,611,300
375,900
2,101,500
592,600
51,500
1,875,300

Ounces
<,nne).

Coining
value.

54,300,000 $70,206,000
70,499,942 91,151,400
3,149,591
4,072,200
343,214
443,800
9,682,856 12,519,300

Commercial v a l u e .

$29,322,000
38,070,000
1,700,800
185,300
5,228,700

4,724
50,524
181,136
6,158
1,061
25,085
151,757

151,835
1,624,048
5,822,452
197,928
34,117
806,335
4,878,076

196,300
2,099,800
7,528,000
255,900
44,100
1,042,500
6,307^000

82,000
877,000
3,144,100
106,900
18,400
435,400
2,634,200

22,34i
14,274
299
23,250
5,058

7i8, i48
458,830
9,618
747,359
162,593

928,500
593,200
12,400
966,300
210,300

387,800
247,800
5,200
403,600
87,800

2,880
189,252
27,001
35,117

92,592
6,083,333
868,067
1,128, 799

119,700
7,865,300
1,122,400
1,459,500

50,000
3,285,000
468,700
609,500

54,339

1,746,674

2,258,300

943,266

65,831

2,116,063

2,735,900

1,142, 700

58,718

.1,887,407

2,440,300

1,019,200

5,582

179,445

232,000

96,966

15,852,620 327,702,700 5,216,800 167,689,322 216,810, 400

90,552,200

2,891,200 .
139,861
354,334 . 7,324,700
3,000,000
145,125
552,873 11,428,900
1,344,800
65,055
1,409,600
68,189

322

REPORT ON T H E FINANCES.
N o . 2 2 , — W O R L D ' S PRODUCTION OF GOLD AND SILVER.—Continued.

[Calendar year 1904.]
GOLD.

Country.

Kilograms
(fine).

North America:
121,072
United States
18,967
Mexico
24,676
Canada
129,272
Africa
132,060
Australasia.
Europe:
37,321
Russia
Austria-Hungary.. 3,186
Germany
- 97
Norway
Sweden
60
66
Italy
Spain
Greece
44
Turkey
France
GreatBritain
541
South America:
14
Argentina
Bolivia
33
Chile
958
Colombia
2,971
Ecuador
200
Brazil
3,075
Venezuela. •..
451
Guiana:
2.421
British
2,718
French
.
664
Dutch
2,000
Peru
37
Uruguay
1,885
Central America
Asia:
4.437
Japan
6,772
China
4,514
Korea
78
Siam
17,297
India
2,235
British East Indies
2,128
Dutch East Indies,
Total




522,250

Ounces
(fine).

SILVER.

Value.

Kilograms
(flne).

3,892,480 $80,464,700 1,794,509
609.781 12,605,300 1,891,764
793; 350 16,400,000 .115,688
4,156,084 85,913,900
15.132
4,245,744 87,767,300
452; 926
1,199,857
102,423
3,130

24.803,200
2,117, 300
64,700

1,945
2,128

40,200
44,000

1,400

29,000

17,405

.359,800

445
1,059
30,812
95, 513
6, 430
98,854
14,512

9,200
21,900
636,900
1,974,400
132,900
2,043,500
300,000

77,828
87,384
21,362
64,300
1,209
60,588

1,608,800
1,806,400
441,600
1,329,200
25,000
1,252,500

142,634
217,688
145,125
2,506
556,097
71,851
68,427

2,948,500
4,500,000
3,000,000
51,800
11,495,500
1,485,300
1,414,500

Ounces
(fine).

Coining
value.

57,682,800 s$74,579,800
60,808,978 78,621,700
3,718,668
4,808,000
486, 408
628,900
14,558,892 18,823,600

Commercial v a l u e .

$33,456,000
35,269,200
2,156,800
282,100
8, 444,200

5,380
61,841
180, 411
8,095
737
23,574
151,694
22,620
17,567
9,274
4,581

172,912
1,987,797
5,799,133.
260,210
23,702
757,777
4,876,076
727,069
564, 685
• 298.103
147,241

223,600
2,570,100,
-7,497,900
336, 400
30,700
979,800
6,304, 400
940,100
730,100
385.400
190,400

100,300
1,152.900
3,363,500
. 150,900
13,800
439 500
2.828.100
421,700
327 500
172,900
85,400

2,058
116,754
27,005
29,433

66,153
3,752,953
868,067
946,066

85,500
4.852,300
1; 122, 400
1,223,200

38,400
2,176,700
503,500
548,700

*

93.601
' 34
20,388

3,008,705
1,093
655,357

3,890,000
1,400
847,300

1,745.100
600
380,100

61,743

1,984,674

2,566,000

1,151,100

5,688

182,889

236,400

106,100

16,790,351 347,087,300 5,112,497 164,336,408 212,475, 400

95,315.100

323

DIEECTOE OP T H E M I N T .
N o . 2 2 . — W O R L D ' S PRODUCTION OF GOLD AND SILVER.—Continued.

[Calendar year 1905.]
SILVER.

GOLD.

Country.

Kilograms
(fine).

North America:
132,682
United States
22,963
Mexico
21,798
Canada
170,522
Africa
129,291
Australasia
.
Europe:
33,542
Russia
Austria-Hungary.. 3,698
Germany
100
Norway
-...
Sweden
55
Italy
66
Spain
Greece
Turkey
9
France
:
Great Britain
170
South America:
Argentina
8
Bolivia
33
Chile
1,427
Colombia
3,888
Ecuador
284
Brazil
3,076
Venezuela
258
Guiana— British..
2,544
Dutch
.
952
French
2,718
Peru
711
Uruguay
75
Central America
2,277
Asia:
Japan
5,011
China
"
2,673
Korea
3,385
Siam
73
India (British)
17,537
British East Indies
2,235
Dutch East Indies. 2,128
Total

566,189




Ounces
(fine).

Value.

Kilograms
(fine).

Ounces
(fine).

Coining
value.

4,265,742 $88,180,700 1,745,318 56,101,600 $72,535,400
738,261 15,261,200 1,700,249 54,652,893 70,662,300
700,800 14,486,800
185,878
5,974,875
7,725,100
19,2765,482,296 113,329,100
801,100
619,620
4,156,692 85,926,500
390,791 12,561,600 16,241,300
1,078,356
118,875
3,227

22,291,600
2,457,400
66,700

1,775
2,128

36,700
44,000

Commercial v a l u e .

$34,222,000
33,338,300
3,644,700
378,000
7,662,600

6,376
57,870
181,090
7,554
770
23,574
124,439
25,791
1,178
9,275
5,210

204,960
1,860,169
5,820,947
242,805
24,765
757,777
4,000,000
829,025
37,874
298,152
167,479

265,000
2,405,100
7,526,100
313,900
32,000
979,700
5,171,700
1,071,900
49,000
385,500
216,500

125,000
1,134,700
3,550,800
148,100
15,100
462,200
2,440,000
505,700
23,100
181,900
102,200

4,671
88,175
12,377
21,131

150,149
2,834,298
397,853
679,245

194,100
3,664,500
514,400
878,200

91,600
1,728,900
242,700
414,300

160,828

5,169,659

6,684,000

3,153,500

42,355

1,361,449

1,760,300

830,500

74,971

2,409,879

3,115,800

1,470,000

5,690

182,889

- 236,500

111,500

18,202,991 376,289,200 4,894,837 157,339,962 203,429,400

95,977,400

289

112,700

265
1,061
45,886
125,001
9,117
98,906
8,293

5,500
21,900
948,500
2,584,000
188,500
2,044,600
171,400

81,789
30,597
87,387
22,852
2,419
73,212

1,690,700
632,500
1,806,400
472,400
50,000
1,513,400

161,105
85,918
108,844
2,351
563,817
71,854
68,426

-

6,000

5,450

3,330,300
1,776,100
2,250,000
48,600
11,655,100
1,485,400
1,414,500

No.

CO

2 3 . — P R O D U C T I O N OF GOLD AND SILVER IN THE W O R L D SINCE THE * DISCOVERY OF AMERICA.

| F r o m 1493 to 1885 is from a table of averages for certain periods, compiled by Dr. Adolph Soetbeer; for the years 1886 to 1905 the production is the aimual estimate of the
Bureau of the Mint.]
PERCENTAGE OF PRODUCTION.

Annual average for period.
Fine ounces.
1493-1520..
1521-1544..
1545-1560..
1561-1580..
1581-1600..
1601-1620..
1621-1640..
1641-1660..
1661-1680..
1681-1700..
1701-1720..
1721-1740..
1741-1760-.
1761-1780..
1781-1800..
1801-1810..
1811-1820..
1821-1830..
1831-1840..
1841-1850..
1851-1855..
1856-1860..
1861-1865..
1866-1870..
1871-1875..
1876-1880..
1881-1885..
188&-1890..
1891-1895..
1896-1900..
1901-1905..
Total.




186,470
230,194
273,596
219,906
237,267
273,918
266,845
281,955
297,709
346,095
412,163
613,422
791,211
665,666
571,948
571,563
367,957
457,044
652,291
,760,502
,410,324
,486,262
949,582
;270,086
591,014
',543,110
794,755
,461,282
882,565
446,939
579,746

Value.
$3,855,000
4,759,000
5,656,000
4,546,000
' 4,905,000
5,662,000
5,516,000
5,828,000
6,154,000
7,154,000
8,520,000
12,681,000
16,356,000
13,761,000
11,823,000
11,815,000
7,606,000
9,448,000
13,484,000
36,393,000
132,513,000
134,083,000
122,989,000
129,614,000
115,577,000
114,586,000
99,116,000
112,895,000
162,947,000
257,301,100
322.061,900

Total for period.
Fine ounces.
5,221,160
5,524,656
4,377,544
4,;398,120
4,745,340
5,478,360
5,336,900
5,639;110
5,954,180
6,921,895.
8,243,260
12,268,440
15,824,230
13,313,315
11,438,970
5,715,627
3,679,568
4,570,444
6,522,913
17,605,018
32,051,621
32,431,312
29,747,913
31,350,430
27,955,068
27,715,550
23,973,773
27,306,411
.39,412,823
62,234,698
77,898,731
564,857,380

Value.
$107 931,000
114' 205,000
90 492,000
90 917,000
98 095,000
113 248,000
110 o24,000
116 571,000
123 084,000
,088,000
143:
170; ,403,000
253', 611,000
327' 116,000
275: 211,000
236, ,464,000
118:,152,000
,063,000
76:,479,000
94 ,841,000
134: ,928,000
363' ,566,000
662: ,415,000
670: 944,000
6I4: 071,000
648:,883,000
577' ,931,000
572: 582,000
495: 474,000
564, 736,000
814: 505,400
1,286, 309,700
1,610,
11,676,640,100

Annual average for period.

Fine ounces.
1,511,050
2,899,930
10,017,940
9,628,925
13,467,635
13,596,235
12,654,240
11,776,545
10,834,550
10,992,085
11,432,540
13,863,080
17,140,612
20,985,591
28,261,779
28,746,922
17,385,755
14,807,004
19,175,867
25,090,342
28,488,597
29,095,428
35,401,972
43,051,583
63,317,014
78,775,602
92,003,944
108,911,431
157,581,331
165,693,304
165,028,092

Coining value.
$1,954,000
3,740,000
12,952,000
12,450,000
17,413,000
17,579,000
16,361,000
15,226,000
14,008,000
14,212,000
14,781,000
17,924,000
22,162,000
27,133,000
36,540,000
37,168,000
22,479,000
19,144,000
24,793,000
32,440,000
36,824,000
37,618,000
45,772,000
55,663,000
81,864,000
101,851,000
118,955,000
140,815,000
203,742,000
214,229,700
213,369,700

Total for neriod.

Fine ounces.

By weight.

Coining value. Gold.

42,309,400
69,598,320
160,287,040''
192,578,500
269,352,700
271,924,700
253,084.800
235,530;900
216,691,000
219,841,700
228,'650,800
277,261,600
342,812,235
419,711,820
565,235,580
287,469,225
173,857,555
148,070,040
191,758,675
250,903,422
142,442,986
145,477,142
177,009,862
215,257,914
316,585,069
393,878,009
460,019,722
544,557,155
787,906,656
828,466,522
825,140,458

S54, 703,000
89, 986,000
207, 240,000
248, 990,000
348; 254,000
351; 579,000
327; 221,000
304; 525,000
280; 166,000
284; 240,000
" 295. 629,000
358; 480,000
443; 232,000
542, 658,000
730: 810,000
371: 677,000
224: 786,000
191; 444,000
247, 930,000
324; 400,000
184; 169,000
188, 092,000
228; 861,000
278, 313,000
409; 322,000
509; 256,000
594, 773,000
704: 074,000
1,018; 708,000
1,071; 148,400
1,066. 848,300

9,653,671,507

12,481,514,700

11
7.4
2.7
2.2
L7
2
2.1
2.3
2.7
3.1
3.5
4.2
4.4
3.1
2
1.9
2.1
3
3.3
6.6
18.4
18.2
14.4
12.7
8.1
6.6
5
4.8
4.8
7
8.7

B y value.

Silver.

Gold.

92.6
97.3
97.8
98.3
98
97.9
97.7
97.3
96.9
96.5
95.8
95.6
96.9
98
98.1
97.9
97
96.7
93.4
81.6
81.8
85.6
87.3
91.9
93.4
95
95.2
. 95.2
93
91.3

66.4
55.9
30.4
26.7
22
24.4
25.2
27.7
30.5
33.5
36.6
41.4
42.5
33.7
24.4
24.1
25.3
33
35.2
52.9
78.3
78.1
72.9
70
58.5
53
45.5
44.5
44.4
54.6
60.2

33.6
44.1
69.6
73.3
78
75.6
74.8
72.3
69.5
66. 5o
63.4
58.6
57.5
66.3
75.6
75.9
74.7
67
64.8
47.1
2L7
21.9
27.1 •
30
4L5
47
54.5
55.5
55.6
45.4
39.8

94.5

48.3

5L7

Silver.

W
W
^Tj
0
W
y-i
0

H

3

^
>
t?i

0
M
Ul

325

DIKECTOR OP T H E M I N T .
No.

25.—AUTHORITY

Denomination.

FOR COINING, CHANGES IN W E I G H T AND F I N E N E S S , AND
AMOUNT COINED, FOR EACH COIN.
Act authorizing
coinage o r c h a n g e W e i g h t
(grains).
in w e i g h t o r
fineness.

Fineness.

Total amount
coined t o
J u n e 30, 1906.

Act discontinuing
coina,ge.

GOLD COINS.
D o u b l e eagle ( $ 2 0 ) . .
Eaffle ($10)
Half eagle ($5)
Q u a r t e r eagle ($2.50)

M a r c h 3, 1849
.-\pril2, 1792
J u n e 28, 1834
J a n u f i r v 18, 1837
A p r i l 2, 1792
J u n e 28, 1834
J a n u a r y 18,1837. .
April 2, 1792
J u n e 28, 1834
J a n u a r y 18 1837
F e b r u a r y 21, 1853.
Marches, 1849

T h r e e - d o l l a r piece
One dollar
One dollar,
Louisiana
P u r c h a s e E x p o s i t i o n . . . J u n e 28, 1902
Dollar, Lewis a n d Clark
E x p o s i t i o n . . '.
A p r . 13, 1904

516
270
258
135
129
67.5
64.5
77.4
25.8

.900
.9161
. 899225
.900
.916§
. 899225
.900
.916f
. 899225
.900
.900
.900

$1,953,171,700.00
i

396, 445,600. 00

> 313 130,515.00
i
S e p t e m b e r 26,1890.
do

31,283,750.00
1,619,376.00
19,499,337. 00

25.8

.900

250,000. 00

25.8

.900

60,069.00

SILVER COINS.
Dollar

A p r i l 2, 1792
416
J a n u a r y 18, 1837 . . 412J
F e b r u a r y 28. 1878.
J u l y 14, 1890
F e b r u a r y 12, 1873. 420
T r a d e dollar b
M a r c h 3, 1899
L a f a y e t t e dollar
412§
Half dollar . . .
A p r i l 2, 1792
208
J a n u a r y 18, 1837.. 206§
Felpruary 21, 1853. • 192
F e b r u a r y 12, 1873. C192.9'
A u g u s t 5, 1 8 9 2 . . . . 192.9
C o l u m b i a n half dollar
104
Quarter dollar..
A p r i l 2, 1792
J a n u a r y 18, 1837.. 103§
F e b r u a r y 21, 1.853.
96
F e b r u a r y 12, 1873. ^96. 45
C o l u m b i a n q u a r t e r d o l l a r . March.3, 1893
96.45
T w e n t y - c e n t piece
/77.16
M a r c h 3, 1875
Dime
A p r i l 2, 1792
4L6
J a n u a r y 18, 1837..
41i
F e b r u a r y 21, 1853.
38.4
F e b r u a r y 12, 1873. { 38.58
7
Half d i m e
A p r i l 2, 1792
20.8
J a n u a r y 18, 1837..
20f
F e b r u a r y 21, 1853.
19.2
T h r e e - c e n t piece
M a r c h 3, 1851
12iM a r c h S , 1853
n.52
MINOR COINS.
F i v e o.p.nt (nickel)
T h r e e cent (nickel)
T w o cent (bronze)
Cent (copper)
Cent (nickel)
Cent (bronze)
Half cent (copper)

M a y 16, 1866
March.3, 1865
A p r i l 22, 1864
A p r i l 2, 1 7 9 2 . . . . . .
J a n u a r y 14, 1 7 9 3 . .
J a n u a r y 26,1796;.
F e b r u a r y 21, 1857.
A p r i l 22, .1864
A p r i l 2, 1792
J a n u a r y 14, 1 7 9 3 . .
J a n u a r y 26,1796 ; .

77.16
30
96
264
208
168
72
48
132
104
84

.8924
.900
.900
.900
.8924
.900

F e b r u a r y 12, .1873..
F e b r u a r y 19, 1887..

1

> 163,337,892. 00
d 2,500,000.00

I

81,740,486.50
10,000.00
271,000.00

M a y 2, 1.878
>

50,168,242.10

[

4,880,219. 40

F e b r u a r y 12, 1873.. 1

1,282,087.20

.8924
.900
F e b r u a r y 12, 1873..
.750
.900
(h)
S e p t e m b e r 26, 1890.
F e b r u a r y 12, 1873..

}i
^

29,176,416.95
941,349. 48
912,020.00
]
[

F e b r u a r y 21, 1857..
A p r i l 22, 1864

22




1,562,887.44
2.007,720.00
14,813,623. 25

]
I
F e b r u a r y 21, 1857..

a Amount coined to February 12, 1873, $8,031,238.
& Couiage limited t o export demand, joint resolution July 22, 1876.
cl2^ grams, or 192.9 grains.
d Total amount coined.
e6i grams, or 96.45 grains.
/ 5 grams, or 77.16 grains.
{ 2;^ grams, or 38.58 grains.
7
h Composed of 75 per cent copper and 25 per cent nickel.
i Composed of 95 per cent copper and 5 per cent tin and zinc.
j By proclamation of the President, in conformity v.dth act of March 3, 1795.
k Composed bf 88 per cent copper and 12 per cent nickel.

H. Doc. 9, 59-2

35,965,924. 00
50,000.00

J

.900
.8924
.900
.900
.900
.8924
.900

I a 578, .303,848.00

39,926.11

326

REPORT ON T H E EINANCES.
N o . 2 6 . — C O I N A G E OF THE MINTS OF THE U N I T E D STATES

[Coinage of the mint at Charlotte, N. C , from its organization, 1838, to its suspension, 1861.]
GOLD.

Calendar year.

TOTAL V A L U E .

Quarter eagles.

Half eagles.
$4,405,135

1838 to 1861...:

DoUars.

$544,915.00

$109,138

$5,059,188.00

[Coinage of the mint at Carson City from, its
GOLD.

Calendar year.

Double eagles.

SILVER.

Eagles.

Half eagles.

Dollars.

Trade doUars.
•

1870 to 1893

....

$17,283,560

$2,997,780

$3,548,085

$4,211,400

$13,881,329

[Coinage of the mint at New Orleans from its organization, 1838, tQ
GOLD.

Calendar year.

1838 to 1900
1900
1901
1902
1903
1904
1905

Double
eagles.

Eagles.

Half
eagles.

Three
doUars.

SILVLR.

Quarter
eagles.

DoUars.

Dollars.

. . . . $16,375,500 $19,804,320 $4,447,625 $72,000 $'3,023,157.50 $1,004,000 $144,395,529
12,590,000
720,410
13,320,000
8,636,000
4,450,000
i,127,iio
3,720,000
1,089,500

Total

-... 16,375,500

22,741,940

4,447,625

72,000

3,023,157.50

1,004,000

187,111,529

[Coinage of the mint at San Francisco
GOLD.

Calendar year.

1854 to 1900
1900
:
1901
1902
1903
1904
1905
Total

Double
eagles.

Eagles.

Half
eagles.

SILVER.

Three Quarter
doUars. eagles.

Dollars.

Dollars.

Trade
dollars.

$929,075,020 $74,122,060 $78,244,540 $186,300 $1,861,255 $90,232 $98,624,073 $26,647,000
3,540,000
49,190,000
810,000 1,645,000
2,284,000
31,920,000 28,127,500 18,240,000
1,530,000
35,072,500 4,695,000 4,695,000
1,241,000
19,080,000 •5,380,000 9,275,000
485,000
2,304,000
102,683,500
36,260,000 3,692,500 4,403,500
1,203,281,020 116,827,060 116,988,040 186,300 1,861,255




90,232 109,523,073 26,647,000

DIRECTOR OF T H E M I N T .

,

. 3 2 7

FROM THEIR ORGANIZATION, BY CALENDAR Y E A R S .
[Coinage of the mint at Dahlonega, Ga., from its organization, 1838, to its suspension, 1861.]
GOLD..

Calendar year.
Half eagles.
1838 to 1861

Three doUars. Quarter eagles.
$3,360

$5,536,055

$494,625.00

DoUars.
$72,529

$6,106,569.00

organization, 1870, to its suspension, June 30,1893.]
TOTAL C O I N A G E .

Half doUars.

Quarter dollars.

$2,654,313.50

Twenty
cents.

$2,579,198.00

TOTAL V A L U E .

Dimes.

$28,658 $2,090,110.80

Gold.

Silver.

O.
'
$23,829,425 $25,445, O O 30 $49,274,434.30

its suspension, 1861; and from its reopening, 1879, to December 31, 1905.]
SILVER.

Half
doUars.

. Quarter
dollars.

Dimes.

TOTAL C O I N A G E .

Half
dimes.

Three
cents.

TOTAL V A L U E .

Gold.

Silver.

$28,720,038 $7,452,250 $3,262,590.60 $812,327.50 $21,600 .$44,726,602.50 $184,664,335.10 $229,390,937.60
854,000
201,000.00
1,372,000
15,017,000.00
15,017,000.00
403,000
562,000.00
720,410. 00 14,847,000.00
• 562,000
15 567 410 00
450,000. 00
1,263,000 1,187,000
11,536,000.00
11,536,000.00
1,127,710.00
875,000
818,000.00
1,050,000
7,193,000.00
8,320,710.00
614,000
558,800
1,089,500.00
4,892,800.00
5,982,300.00
307,500
252, .500.
340,000.00
900,000.00
900,000.00
33,778,338 11,692,750

5,633,590. 60

812,327.50

21,600 47,664,222.50

239,050,135.10

286,714,357.60

from its organization, 1854, to December 31,1905.]
SILVER.

Half dollars.

Quarter
dollars.

Twenty
cents.

TOTAL C O I N A G E .

Dimes.

Half
dimes.

Gold.

Silver.

TOTAL V A L U E .

$20,575,031.50 $8,322,569.00 $231,000 $4,798,728.80 $119,100 $1,083,579,407 $159,317,502.30 $1,242,896,909.30
.464,646.25
51,645,000 5,801,634.25
1,280,16L00
516,827.00
57,446,634.25
78,287,500 2,784,990.20
423,522. 00
18,166.00
59,302.20
81,072,490.20
44,462,500 2,848,488.00
730,335.00
207,000.00
381,153.00
47,310,988.00
33,735,000 2,521,716.00
960, .386. 00
61,330.00
259,000.00
36,256,716. 00
103,168,500 2,660,519.00
276,519.00
80,000.00
105,829,019.00
44,356,000 2,403,519.90
1,247,000.00
• 685,519.90
471,000.00
46,759,519. 90
25,492,954.50

9,916,534.25 231,000




6,408,707.90 119,100 1,439,233,907 178,338,369.65 1,617,572,276.65

328

REPORT ON T H E EINANCES.
No.

2 6 . — C O I N A G E OF THE MINTS OF THE U N I T E D STATES

[Coinage of the mint at Philadelphia from
^

Calendar year.

1793 t o 1900.:
1900
1901
1902.
1903
1904
1905

Double
eagles.

GOLD

• Eagles.

COINAGE.

Half
eagles.

Quarter
eagles.

Three
doUars.

DoUars.

$522,641,300 $218,387,890 $157,644,765 $1,357,716 $23,023,902.50 $18,223,438
7,028,650
37,491,680
2,939,600
168,012.50
3,080,200
2,230, 520
17,188,250
228,307. 50
862,810
625,080
825,130
334,332. 50
a 75,080
1,135,120
5,748,560
1,259,260
503,142. 50
a 175,178
1,960,680
1,620,380
402,400.00
125,135,940
b 25,028
1,511, 540
2,010,780
544,860.00
6 35,041
1,180,220

.\

Total

695,053,300

244,231,290

173,223,765

1,357,716

25,204,957. 50

MINOR

18, 533,765

COINAGE.

Calendar year.
Five cents.
1793 t o 1900
1900
1901
1902
1903
1904.
1905

Three cents.

Two cents.

Total

a Louisiana Purchase Exposition.




$17,444, 363. 35
1,362,799.75
1,324,010.65
1, 574,028. 95
1,400, 336. 25
1,070,249.20
1,491, 363.80

$941,-349.48

$912,020.00

25,667,151.95

..

941,349.48

912,020.00

6 Lewis and Clark Exposition.

329

DIRECTOE OF T H E M I N T .
FROM T H E I R O R G A N I Z A T I O N , BY C A L E N D A R

YEARS—Continued.

its organization, 1793, to December 31,1905.]
SILVER COINAGE.

Trade
doUars.

DoUars.

Half dollars.

Twenty
cents.

Quarter
doUars.

Dimes.

Half dimes.

Three cents.

$5,107,524 $236,558,010 $93,764,761.50 $43,487,236.00 $11,342 $24,715,379.80 $3,948,79L90 $1,200,487.20
2,504,228.00
1,760, OOL 20
c8,880,912 2,381,456.00
2,223,203. 25
1,886,047.80
6,962,813 2,134, 406. 50
3,049,436.00
2,138,077.70
7,994,777 2,461, 388. 50
2, 417, 516.00
1,950,075.50
4,652,755 1,139,377. 50
2,397,203. 25
1, 460,102. 70
2,788,650 1,496,335.00
1,242,062.50
1,455,235.00
331,363. 50
5,107,524 267,837,917 103,709,088.50
»

57,320,885.00

35,365,009.70

3,948,79L90

1,260,487. 20

TOTAL C O I N A G E .

M I N O R COINAGE.

Cents.

11,342

Half cents.

$13,347, 409. 39
668, 337. 64
796, 111. 43
- 873,767.22
850,944. 93
613,280.15
807,191. 63

$39,926.11

17,957,042.39

39,926.11

Gold.

Silver.

$941,279,011.50 $408,853,532. 40
15,526,687. 20
47,627,942. 50
22,727,277. 50 . 13,206,470.55
15,643,679. 20
2,722, 432. 50
10,159,724.00
8,821,260.50
8,142,290.95
129,144,428.00
3,028,661.00
5,282,441.00
1,157,604,793.50

474,561,045.30

Minor.
$32,685,068.33
2,031,137.39
2,120,122.08
2, 447,796.17
2,251,281.18
1,683, 529. 35
2,298, 555. 43

$1,382,817,612.23
65,185,767.09
38,053,870.13
20,813,907.87
2i; 232,265. 68
138,970,248. 30
10,609,657. 43

45,517,489.93

1,677,683,328.73

c Includes 50,000 Lafayette souvenir dollars.




330

REPORT ON T H E EINANCES.
No.

2 6 . — C O I N A G E OF THE M I N T S OP THE U N I T E D STATES

RECAPITULATION.
GOLD COINAGE.

"
Calendar year.

1793-95
1796
1797
1798
1799
1800
1801
1802
1803
1804
1805
1806
1807.
1808
1809...:.
1810
1811
1812 . . .
1813
1814.
1815
1816
1817
1818
1819 . . .
1820
1821
1822
1823
1824
1825
1826
1827
1828
1829
1830
1831
1832
1833
1834
1835 . 1836
1837
1838 . . . .
1839
1840
1841
1842
1843 . .
1844
1845
1846
1847
1848
•.
1849
1850 . .
1851
1852
1853
1854
1855
1856
1857
1858
1859
I860
1861
1862..
1863
1864..
1865..'
1866 . . .
1867
1868
1869......

1

Double
eagles.

Half •
eagles.

Eagles.

Three
do l a r s .

$43,535
16,995
32,030
124,335
37,255
58,110
130,030
265,880
167,530
152,375
165,915
320,465
420,465
• 277,890
• 169,375
501,435
497,905
290,435
477,140
77,270
. 3,175

$27,950
60,800
"
91,770 •
79,740
174,830
259,650
292,540.
150,900
89,790
97,950

:

•

,

^

72,666

.

.

Carried forward




.
$26,225,220
48,04J',100
44,860,520
26,646,520
18,052,340
25,046,820
30,437,560
28,797,500
21,873,480
13,782,840
22,584,400
74,989,060
18,926,120
22,187,200
19,958,900
. 27,874,000
30,820,500
23,436,300
18,722,000
17,238,100

382,480
473,380
656,310
1,089,070
2,506,240
1,250,610
736,530
1,018,750
14,337,580
1,813,340
6,775,180
3,489,510
4,393,280
2,811,060
2,522,530
2,305,760
1,487,010
1,429,900
481,060
343,210
253,930
278,830
1,287,330
234,950
112,480
60,800
207,050
237,800
121,400
241,550
82,850

242,940
258,615
1,319,030
173,205
88,980
72,425
86,700
145,300
90,345
124,565
140,145
287,210
631,755
702,970
787,435
968,150
3,660,845
1,857;670
2,765,735
1,035,605
1,600,420
802,745
1,048, .530
380,945
655,330
4,275,425
4,087,715
2,743,640
2,736,155
5,382,685
1,863,560
1,184,645
860,160
2,651,955
3,689,635
2,305,095
1,513,235
1,257,090
1,806,665
1,232,970
439,770
361,235
352,365
3,332,130
69,825
97,360
40,540
144,535
253,200
179,600
288,625
^163,925

|

Quarter
eagles.

Dollars.

$165. 00
4,390.00
1,535. 00
1,200.00

1

6,530. 00
1,057.50
8,317. 50
4,452; 50
4,040. 00
17,030.00
6,775. 00

f

1
•

.

1
t

1

1

1
16,120. 00
6,500.00
11,085.00
1,900.00
7,000. 00

$491,214
171,465
181,530
104,673
6,399
46,914
42,465
18,216
17,355
15,117
8,040
3,495
12,'090
7,950
14,625
7,575

8,507.50
11,350.00
11,300.00
11,000.00
10,400.00
293,425. 00
328,505. 00
1,369,965.00
112,700. 00
137,345. 00
191,622. 50
153,572. 50
54,602. 50
85,007. 50
1,327,132.50
89,345.00
276,277. 50
279,272.50
482,060.00
98,612. 50
111, 147. 50
895,547. .50
3,867,337.50
3,283,827.50
3,519,615.00
1,896,397.50
600,700. 00
1,213,117.50
796,235.00
144,082.50
142,220. 00
164,360.00
3,241,295.00
300,882. 50
27; 075. 00
7,185. 00
62,302.50
105,175. 00
78,125. 00
94,062.50
84,612. 50

$936,789
511,301
3,658,820
2,201,145
4,384,149
1,657,016
824,883
1,788,996
801,602
131,472
193,431
51,234
527,499
1,326,865
6,250
5,950
3,725
n, 180
5,250
10,525
5,925

560,502,480 1 54,819,680 1 67,470,880 , 1,149,123 26,065,402.50 1 19,040,007

DIKECTOB OF T H E

331

MINT.

FROM THEIR ORGANIZATION, BY CALENDAR Y E A R S — C o n t i n u e d .

RECAPITULATION.
''

Trade
doUars.

^

Dollars.
•

$204,791
72,920
7,776
327,536
423,515
220,920
54, 454
41,650
66,064
19,570
321

^

1,000
300
61,005
173,000
184,618
165,^100
20,000
24,500
169,600
140,750
15,000
62,600
47,500
1,300
1,100
46,110
33,140
26,000
63,500
94,000
636,500
733,930
78,500
12,090
27,660
31,170
47,000
49,625
60,325
182,700
424,300
5,053,440

S I L V E R COINAGE.

Half doUars.

Quarter
doUars.

Twenty
cents.

Dimes.

$161,572.00
1,959.00

15,144.50
14,945.00
15,857. 50
78,259. 50
105,861.00
419,788.00
52.5,788.00
684,300.00
702,905.00
638,138.00
601,822.00
814,029.50
620,951.50
519,537.50
23,575.00
607,783.50
980,161.00
1,104,000.00
375,561.00
652,898.50
779,786.50
847,100.00
1,752,477.00
1,471,583.00
2,002,090.00
2,746,700.00
1,537,600.00
1,856,078.00
2,382,400.00
2,936,8.30.00
2,398,500.00
2,603,000.00
.3,206,002.00
2,676,003.00
3,273,100.00
1,814,910.00
1,773,000.00
1,748,768.00
1,145,054.00
355,500.00
1,484,882.00
3,056,000.00
1,885,500.00
1,341, .500.00
2,257,000.00
1,870,000.00
1,880,000.00
1,781,000.00
1,341,500.00
301,375.00
110,565.00
2,430,354.00
4,111,000.00
2,288,725.00
1,903,500.00
1,482,000.00
5,998,000.00
2,074,000.00
1,032,850.00
2,078,950.00
802,175 00
709,830.00
518,785.00
593,450. 00
899,812.50
810,162. 50
769,100.00
725,950.00

$1,473.50
63.00

1,684. 50
30,348. 50
51,531.00
55,160.75

2,176. 00
3,464. 00
1,097.50
3,304.00
826. 50
12,078.00

Three
cents.

$4,320.80
511. 50
2,226. 35
1,200.00
1,695. 50
650. 50
1,892.50
780.00

16,500.00
4, 471.00
635. 50
6,518.00
42,150.00

17,308.00
5,000.75
90,293.50
36,000.00
31,86L00
54,212. 75
16,020.00
4,450.00

94,258. 70
118,651. 20
10,000.00
44,000.00

42,m.00

121,500.00
12,500.00
77,000.00
51,000.00
77,135.00
52,250.00
48,500.00
63.500.00
141,000.00
119,000.00
104,200.00
239,493. 40
.- 229,638. 70
253,358. 00
363,000.00
390,750.00
152,000.00
7,250.00
198,500.00
3,130.00
24,500.00
45,1.50.00
113,900.00
244,150.00
142,6.50.00
196,5.50.00
1,327,301.00
624,000.00
207,500.00
703,000.00
712,000.00
189,000.00
97,000.00
78,700.00
209,650.00
102,830.00
17,196.00
26,907.00
18,5.50.00
14,372.50
14,662.50
72,625.00
70,660.00

a

si, 666.66

1,000.00
25,500.00
99,500.00
80,000.00
39,000.00
71,500.00
488,000.00
118,000.00
63,100.00
208,000.00
122,786.50'
153,331.75
143,000.00
214,250.00
403,400.00
290,300.00
230,500.00
1.27,500.00
275,500.00
36;500.00'
85,000.00
150,700.00
62,000.00
68,265.00
4,146,555.00
3,466,000.00
857,3.50.00
2,129.500 00
2,726; 500.00
2,002,250.00
421,000.00
312,350.00
1,237,650.00
249,887.50
48,015.00
28,517. 50
25,075.00
11,38L25
17,156. 25
31,500.00
23,150.00

95,509,284.50 21,727,878.00




$2,213.50
2,526.10
2,755.00

Half d i m e s .

61,500.00
62,000.00
62,135.00
48,250.00
68,500.00
74,000.00
138,000.00
95,000.00
113,800.00
112,7.50.00
108,285.00
113,954.25
98,250.00
58,250.00
58,2.50.00
32,500.00
78,200.00
1,3.50.00
6.3,700.00
63,400.00
72,450.00
82,250.00
82,050.00
63,025.00
785,251.00
365,000.00
117,500.00
299,000.00
433,000.00
258,000.00
45,000.00
92,950.00
164,050.00
74,627. 50
5,923.00
4,523.50
6,675.00
6,536. 25
6, 431. 25
18,295.00
21^930.00

$185,022.00
559,905.00
342,000.00
20,130.00
4,170.00
43,740.00
31,260 00
48,120.00
10,950.00
8,610.00
14,940.00
10,906.50
643 80
14.10
255.00
. 681.75
138. 75
123 00
153.00

8,376,184.10 4,529,818.90

.1,281,762.90

332

REPORT ON T H E FINANCES.
No.

2 6 . — C O I N A G E OF THE M I N T S OF THE U N I T E D STATES
RECAPITULATION-Contihued.
GOLD COINAGE.

Calendar year.

Brought forward
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894...1895
' 1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
Total

Double
eagles.

Eagles.

^Thre|_

Quarter

Dollars.

$560, 502,480 $54,819,680 $67,470,880 $1,149,123 $26,065,402.50 $19,040,007
22,819, 480
143,550
10,605
51,387. 50
9,335
164,430
20, 456,740
3,990
254,650
245,000
68,375.00
3,930
21, 230,600
6,090
244,500
275,350
52,575.00
3,530
55, 456,700
75
173,680
754,605
512,562. 50
125,125
33,917,700
125,460
799,270
203,530
9,850.00
198,820
32, 737,820
60
78,350
105,240
30,050.00
420
46, 386,920
135
104,280
61,820
23,052.50
3,245
43, 504,700
4,464
211,490
182,660
92.630.00
3,920
45,916,500
246,972 1,160,650.00
1,031,440
1,427,470
3,020
28, 889,260
9,090
6,120,320
3, 727,155
331,225.00
3,030
17, 749,120 21,715,160 22,831,765
3,108
7,490.00
1,636
14, 585,200 48,796,250 33,458,430
1,650
1,700.00
7,660
23, 295,400 24,740,640 17,831,885
4,620
10,100.00
5,040
24,980,040
2,820
2,595, 400
1,647,990
4,900.00
10,840
19,944,200
3,318
2,110,800
1,922,250
4,982.50
6,206
13,875,560
2,730
4,815,270
9,065,030
2,217. 50
12,205
22,120 10,621,600 18,282,160
3,426
10,220.00
6,016
18,480
9,560,435
15,705.00
8,543
5,662, 420 8,706,800
15,873
8,030,310
1,560,980
40,245.00
16,080
21, 717,320
7,287
4,298,850
37,825
44,120.00
16,995,120
30,729
755,430
290,640
19, 399,080
22,032. 50
25, 891,340
1,347,065
27,600.00
1,956,000
19, 238,760
6,362.50
9,817,400
5,724,700
27, 178,320 20,132,450
75,265.00
9,610,985
48, 350,800 26,032,780
5,152,275
10,305.00
45, 163,120
7,148,260
15,297. 50
7,289,680
43, 931,760
48,005.00
1,072,315
2,000,980
57, 070,220 12,774,090
74,760.00
6,109,415
54, 912,900 12,857,970 10,154,475
60,412. 50
73, 593,680 21,403,520 16,278,645
68,375.00
86, 681,680
168,012.50
3,749,600
8,673,650
34, 150,520 46,036,160 21,320,200
228,307.50
35, 697,580
e 75,080
334,332.50
5,520,130
5,557,810
24. 828,560
e175,178
503,142. 50
7,766,970 10,410,120
227:.819,440
b 25,028
402,400.00
2,709,880
2,445,680
37; 440,220 5,703,280
,
b 35,041
544,860.00
5,915,040
1,931,993,380 386,798,070 308,148,705

a I n c l u d e s $475,000 in C o l u m b i a n coins.
b I n c l u d e s $2,026,052.50 in C o l u m b i a n coins.




Halfeagles.

1,619,376 31,128,910.00

19,809,664

c I n c l u d e s $10,005.75 in C o l u m b i a n coins,
d I n c l u d e s 50,000 L a f a y e t t e s o u v e n i r doUars.

333

DIRECTOR OE T H E JMCINT.
PROM THEIR ORGANIZATION, BY CALENDAR YEARS—Continued.
RECAPITULATION—Contmued.
S I L V E R COINAGE.

Trade
dollars.

Dollars.

Half doUars.

$5,053,440 $95,509,284. 50
445,462
829,758. 50
• 1,117,136 . 1,741,655.00
1,118,600
866,775.00
$1,225,000
1,593,780.00
296,600
1,406,650.00
4,91D,000
6,279,600
5,117,750.00
6,192,150
7,451,575.00
7,540,255.00
13,092,710
726,200.00
22,495,550
4,259,900
2,950.00
27,560,100
1,541
4,877.50
27,397,355
1,987
5,487. 50
27,927,975
960
2,750.00
27,574,100
1,097
28,470,039
4,519. 50
979
28,136,875
2,637.50
28,697,767
3,065.00
31,423,886
2,943.00
33,611,710
2,855.00
31,990,833
6,416. 50
34,651,811
6,355.50
38,043,004
6,295.00
23,562,735
100,300.00
6,333,245 a 1,652,136.50
1,455,792 b 4,003,948. 50
3,093,972
3,667,83L00
862,880
2,354,652.00
19,876,762
1,507,855.00
12,651,731
2,023,315. 50
14,426,735
3,094,642.50
15,182,846
4,474,628.50
d 25,010,912
5,033,617.00
22,566,813
3,119,928.50
18,160,777
4,454,723. 50
10,343,755
3,149,763. 50
8,812,650
2,331,654.00
1,830,863.50

1

35,965,924

Quarter
dollars.

.

Dimes.

Hah
dimes.

Three
cents.

$21,727,878.00
$8,376,184.10 $4,529,818.90 $1,281,762.90
23,93.5.00
26,830.00
52,150. 00
120 00
53,255. 50
82,493.00
109,371.00
127. 80
68,762.50
189,247. 50
261,045.00
58 50
414,190.50
51,830.00
443,329.10
18.00
215,975.00
319,151.70
1,278,375.00 $265,598 2,406,570.00
7,839,287.50
5,180 3,015,115.00
6,024,927.50
102 1,735,051.00
849,200.00
187,880. 00
120
3,675.00
1,510. 00
3,738. 75
3,735. 50
3,243.75
2,497. 50
4,075. 00
391,110. 00
3,859.75
767,571.20
2,218. 75
393,134.90
3,632. 50
257,711.70
1,471.50
658,409. 40
2,677. 50
1,573,838.90
306,708. 25
721,648. 70
3,177.75
835,338.90
20,147.50
1,133,461.70
1,551,150.00
2,304,67L60
2,960,33L00
1,695,365.50
c2,583,837.50
759,219.30
2,233,448. 25
205,099.60
2,255,390.25
225,088.00
1,386,700.25
318,581.80
2,524,440.00
1,287,810.80
2,015,324.20
3,497,33L75
2,409,833.90
3,994,21L50
2,477,918. 20
3,822,874.25
2,507,350.00
2,644,369.25
2,795,077.70
4,617,589.00
3,551,516.00
2,829,405.50
1,540,102.70
3,011,203.25
2,480,754.90
2,020,562. 50

578,353,848 165,634,694.5P 81,509,367.25

e Louisiana Purchase Exposition.




Twenty
cents.

271,000 49,497,419.00 4,880,219.40

/ Lewis and Clark Exposition.

1,282,087.20

334

REPORT ON T H E EINANCES.
No.

2 6 . — C O I N A G E OF THE ^ MINTS OF THE U N I T E D

STATES

RECAPITULATION—Continued.
MINOR COINAGE.
Calendar year.
Five cents.
1793-1795...
1796
1797
1798
1799
1800
1801
1802
1803
1804
1805...
1806
1807
1808
1809
1810
..
1811
1812
1813
1814
1815
1816
1817..
1818
1819...
1820
1821
1822
1823
1824
1825
1826
1827
1828
1829...
1830
1831.
1832
1833
1834
1835...
1836
1837
1838
'
1839
1840
1841
1842
1843
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864
1865
1866
1867
1868
1869

Three cents.

T w o cents.

... •

....

!
'
.

.

•

Carried forward.




.

J

•
'
.

•

1

....

•

•
.
:

:

(
f

,

. .

:

$737,125. 00
1,545. 475. 00
1, 44d: 850. 00
819,7.50. 00
4,543,200.00

$341, 460. 00
144,030. 00
117, 450. 00
97, 560. 00
48,120. 00

$396,950. 00
272,800. 00
63,540. 00
58,775. 00
56,075. 00
30,930.00

748,620. 00

879,070. 00

rURECTOE OF T H E
FROM THEIR ORGANIZATION, BY CALENDAR

335

MINT.

YEARS—Continued.

RECAPITULATION—Continued.
MINOR

TOTAL

COINAGE.

Cents.
$10,660. 33
9,747.00
8,975.10
9,797.00
9,045.85
. 28,22L75
13,628. 37
34,35L00.
24,713. 53
7,568. 38
9; 411.16
3,480. 00
7,272.21
11,090.00
2,228.67
14,585. 00
2,180. 25
10,755. 00
4,180. 00
3,578. 30

Half c e n t s .
$712. 67
577. 40
53.5. 24
60.83
1,057. 65
7L83
489. 50
5,276.56
4,072.-32
1,780. 00
. 2,380. 00
2,000.00
' 5,772.86
1,075. 00
315. 70

28,209. 82
39,484. 00
31,670. 00
26,710.00
44,075. 50
3,890. 00
20,723. 39
12,620. 00
14,611. 00
15,174. 25
23,577.3222,606. 24
14,145. 00
17,115. 00
33,592. 60
23,620.00
27,390. 00
18,551. 00
38,784. 00
21,110. 00
55,583. 00
63,702.00
31,286.61
24,627. 00
15,973.67
23.833.90
24; 283. 20
23,987.52
•
38,948.04
41,208.00
61,836.69
64,157. 99
. 41,785.00
44,268. 44
98,897.07
50,630. 94
66. 411. 31
42.361. 56
15; 748. 29
26,904. 63
177,834.56
246,000.00
. 364,000.00.
205,660. 00
101,000.00
280,750.00
498,400. 00
529,737.14
354,292. 86
98,265. 00
98,210. 00
102,665. 00
64,200.00
4,680,577. 44

315. 00
1,170. 00
3,030. 00
2,435. 00
11. 00
770. 00
600. 00
705. 00
1,990.00

199. 32
199. 06
738. 36
648. 47
276. 79
282. 50
202.15
175. 90

39,926.11




Gold.
$71,485. 00
77,960. 00
128,190. 00
205,610. 00
213,285. 00
317,760.00
422,570. 00
423,310. 00
258,377. 50
258,642. 50
170,367. 50
324, 505. 00
437, 495. 00.
284,665. 00
169,375. 00
501, 435. 00
497,905. 00
290, 435. 00
477,140. 00
77,270. 00
3,175. 00
242,940. 00
258,615. 00
1,319,030.00
189,325. 00
88,980.00
72,425. 00
93,200.00
156,385. 00
92,245.00
131,565. 00
140,145. 00
295,717.50
643,105. 00
714,270. 00
798, 435. 00
978,550. 00
3,954,270.00
2,186,175. 00
4,135, 700. 00
1,148, 305. 00
1,809,765.00
1,376, 847. 50
1,675,482.50
1,091,857.50
1,829,407.50
8,108, 797. 50
5,427,670.00
3,756, 447. 50
. 4,034,177. 50
20,202,325.00
3,775,512.50
9,007,761. 50
31,981,738.50
62,614, 492. 50
56,846,187.50
39,377, 909. 00
25,915,962.50
29,387,968. 00
36,857,768.50
. 32,214,040. 00
• 22,938,413.50
14,780,570.00
23,473, 654. 00
83,395, 530. 00
20,875,997. 50
22,445, 482. 00
20,081,415.00
28,295,107.50
31,435; 945. 00
23,828,625.00
19,371,387.50
17,582,987. 50
729,047,572.50

•

COINAGE.

Minor.

SUver.
$370,683. 80
77,118. 50
14, 550. 45
330,291. 00
423,515. 00
224,296. 00
74,758.00
58,343. 00
87,118. 00
100,340. 50
149,388. 50
471,319. 00
597,448. 75
684, 300. 00
707,376. 00
638,773. 50
608,340. 00
814,029. 50
620,951. 50
• 561,687.50
17,308. 00
28,575. 75
607,783. 50
1,070,454.50
1,140,000. 00
501, 680. 70
825,762. 45
805,806.50
. 895, 550. 00
1,752, 477. 00
1,564,583.00
2,002,090.00
2,869,200.00
1,575, 600. 00
1,994,578.00
2,495, 400. 00
3,175, 600. 00
2,579, 000. 00
2,759,000.00
3,415, 002. 00
3,443, 003. 00
3,606,100. 00
2,096,010.00
2,333, 243. 40
2,209,778.20
1,726,703.00
1,132,750. 00
2,332,750. 00
3,834,750.00
2,235, 5.50. 00
1,873, 200. 00
2,558, 580. 00
2,374, 450. 00
2,040,050.00
2,114,950.00
1,866,100.00
774, 397. 00
999, 410. 00
9,077,57L00
8,619,270. 00
3,501,245. 00
5,142,240. 00
5,478,760. 00
8, 495,370. 00
3,284,450.00
2,259,390.00
3,783,740.00
1,252,516.50
809,267.80
609,917.10
691,005. 00
982, 409. 25
908,876. 25
1,074,343.00
1,266,143.00

136,478,368.40

$11,373.00
10,324.40
9,510.34
9,797. 00
9,106. 68
29,279. 40
13,628. 37
34, 422. 83
25,203. 03
12,844.94
13, 483. 48
5,260.00
9,652.21
13,090.00
8,001. 53
15,660. 00
2, 495. 95
10,755. 00
4,180. 00
3,578. 30
'

28,209.82
39,484. 00
31,67.0. 00
26,710. 00
44,075.50
3,890. 00
20,723. 39
12,620. 00
14,926. 00
16,344. 25
23,577. 32
25,636. 24
16,580. 00
17,115. 00
33,603. 60
23,620. 00
28,160. 00
19,151. 00
39, 489. 00
23,100. 00
55,583. 00
63,702. 00
31,286. 61
24,627. 00
15,973.67
23,833. 90
24,283. 20
23,987. 52
38,948. 04
41,208.00
61,836.69
64,157.99
41,984. 32
44, 467. 50
99,635. 43
50,630. 94
67,059. 78
42,638. 35
16,030. 79
27,106. 78
178,010. 46
246,000.00
364,000. 00
205,660. 00
101,000. 00
280,750. 00
498, 400. 00
. 926,687.14
968,552. 86
1,042,960.00
1,819,910.00
1,697,150. 00
963,000. 00

10,891,393.55

$453,541. 80
165, 402. 90
152,250. 79
545, 698. 00
645,906.68
571, 335. 40
510, 956. 37
516, 075. 83
370, 698. 53
371,827. 94
333, 239. 48
801, 084. 00
1,044,595.96
982, 055. 00
884, 752. 53
1,155, 868. 50
1,108, 740. 95
1,115, 219. 50
1,102, 271. 50
642, 535. 80
20, 483. 00
56, 785. 57
647, 267. 50
1,345, 064. 50
1,425, 325. 00
1,864,786.20
1,018, 977. 45
915, 509. 89
967,975. 00
1,858, 297.00
1,735, 894. 00
2,110, 679. 25
3,024, 342. 32
1,741,38L24
2,306,875.50
3,155, 620. 00
3,923,473.60
3,401,055.00
3,765,710.00
7,388,423.00
5,668, 667. 00
7,764,900.00
3,299, 898.00
4,206, 710. 40
3,617, 912. 31
3,426,812.50
• 2,240,58L17
4,185, 991. 40
11,967,830.70
7,687, 207. 52
5,668, 595. 50
6,633, 965. 54
22,638, 611„ 69
. 5,879,720.49
11,164, 695. 82
33,892,306.00
63,488, 524. 93
57,896,228.44
48,522, 539. 78
34,577, 870. 85
. 32,905,243.79"
42,027,115. 28
37,870,810. 46
31.679,783. 50
18,429,020. 00
25,938, 704. 00
87,280,270.00
22,409,264. 00
23,753,149. 80
21,618, 019. 24
29,954, 665. 36
33,461,314.25
26,557,411.25
22.142,880. 50
19,812,130.50
876,417,334.45

336

REPORT ON T H E FINANCES.
No.

2 6 . — C O I N A G E OF THE MINTS OF THE U N I T E D STATES

RECAPITULATION-Continued.
MINOR COINAGE.

Calendar-year.
Five cents.
Brought forward
1870
1871
1872
1873
1874
1875
1876
'.
. . .
1877
1878
1879
1880.. . .
1881
1882
1883
1884-.
1885
'.
1886
1887
1888
1889
1890 .
1891
1892.. .
1893
1894
1895 .
1896
'..
. .
1897
1898
1899 1900-1901
1902..
1903
1904..
1905.
Total

.

..

.'.:..
. -

.

.




-

...

...

Three cents.

$4,543,200.00
240,300.00
• 28,050.00
301,800.00
227,500.00
176,900.00
104,850.00
126,500.00

$748,620.00
40,050.00
. 18,120.00
25,860.00
35,190.00
23,700.00
6,840.00
4,860.00

117.50
1,455.00
997.75
3,618.75
573,830.00
1,148, 471.05
563,697.10
73,824.50
166,514.50
763,182.60
536,024.15
794,068.05
812,963.60
841,717.50
584,982.10
668,509 75
270,656.60
498,994.20
442,146. 00
1,021,436.75
626,604.35
1,301,45L55
1,362, 799. 75
1,324,010.65
L574,028.95
1,400,336.25
1,070,249.20
1,491,363.80

• 70.50
1,236.00
748.65
32,417.25
759.00
318.27
169.26
143.70
128.70
238.83
1,232.49
646.83

25,667,151.95

941,349.48

Two cents.
$879,070.00
17,225.00
14,425.00
1,300.00

912,020.00

337

DIBECTOE OE T H E M I N T .
FROM T H E I R O R G A N I Z A T I O N , BY C A L E N D A R

YEARS—Continued.

RECAPITULATION-Continued.
TOTAL C O I N A G E .

MINOR COINAGE.

TOTAL V A L U E .

Cents.
$4,680,577.44
52,750.00
39,295. 00
40,420. 00
116,765.00
. 141,
875.00
135,280. 00
79,440.00
8,525.00
57,998. 50
162,312.00
389,649.55
392,115.75
385,811.00
455,981.09
232,617.42
117,653.84
176,542.90
452,264.83
374,944.14
488,693.61
571,828. 54
470,723.50
376,498.32
466,421.95
167,521.32
383,
390,436.36
504,572.93
498,663.30
536.230.79
668. 000.31
7%'. 337.64
873; 111.43
850,767.22
613 944.93
807',280.15
191.63
17,957,042.39

Gold.

Half c e n t s .

Silver.

Minor.

$729,047,572.50
23,198,787.50
21,032,685.00
21,812, 645.00
57,022,747.50
35,254,630.00
32,951,940.00
46,579,452.50
43,999,864.00
49.786,052.00
39,080,080.00
62,308,279.00
96,850,890.00
65,887,685.00
29,241,990.00
23,991,756.50
27,773,012.50
28,945,542.00
23,972,383.00
31,380,808.00
21,413,931.00
20,467,182.50
29,222,005.00
34.787,222.50
56,997,020.00
79,546, 160.00
59,616,357.50
47,053,060.00
' 76,028,485.00
77,985,757.50
111,344,220.00
99,272,942.50
101,735,187.50
47,184,932.50
43,683,970.50
233,402,428.00
49,638,441.00

$136,478 368.40
1,378;255.50
3,104,038.30
2,504,488.50
4,024,747.60
6,851,776.70
15,347,893.00
24,503,307.50
28,393,045.50
28,518i 850.00
27,569,776.00
27,411,693.75
27,940, 163.75
27,973, 132.00
29,246,968.45
• 28,534,866.15
28,962,176.20
32,086,709.90
35,191,081.40
33,025,606.45
35,496,683.15
39,202,908.20
27,518,856.60
12,641,078.00
8,802,797.30
9,200,350.85
5,698,010.25
23,089,899.05
18,487,297.30
23,034,033.45
26,061,519.90
36,345,321.45
•30,838,460.75
30,028, 167.20
19,874,440.00
15,695,609.95
6,332,180.90

$10,891, 393.55
350, 325.00
• 99, 890 00
369, 380.00
379, 455.00
342, 475.00
246, 970.00
210, 800.00
8, 525.00
58, 186.50
165, 003.00
391, 395.95
428, 151.75
960, 400.00
1,604, 770.41
796, 483.78
191, 622.04
343, 186.10
1,215, 686.26
912, 200. 78
1,283, 408. 49
1,384, 792.14
1,312, 441.00
961, 480.42
1,134, 931.70
438, 177.92
882, 430.56
832, 718.93
1,526, 100.05
1,124, 835.14
1,837, 451.86
2,031, 137.39
2,120, 122.08
2,447, 796.17
2,251, 281.18
1,683: 529.35
2,298', 555. 43

$876,417, 334.45
24,927, 368.00
24,236, 613.30
24,686, 513.50
61,426, 950.10
42,448, 881.70
48,546, 803.00
71,293, 560.00
72,401, 434.50
78,363, 088.50
•66,814, 859.00
. 90,111, 368.70
125,219, 205.50
94,821, 217.00
60,093, 728.86
53,323, 106.43
56,926, 810.74
61,375, 438.00
60,379, 150.66
65,318, 615.23
58,194, 022.64
61,054, 882.84
58,053, 302.60
48,389, 780.92
66,934, 749.00
89,184, 688.77
66,196, 798.31
70,975, 677.98
96,041, 882.35
102,144, 626.09
139,243, 191.76
137,649, 401.34
134,693, 770.33
79,660, 895.87
65,809, 691.68
250,781, 567.30
58,269, 177.33

2,679,498,105.00

917,394,559.35

45,517,489.93

3,642,410,154.28

$39,926.11







REPORT OF THE COMPTROLLER OF THE CURRENCY.

TREASURY DEPARTMENT,
OFFICE OF THE COMPTROLLER OF THE CURRENCY,

WasTiingtoUj D. C, December S, 1906.
SIR: In compliance with the requirements of section 333 of the
Revised Statutes of the United States, the forty-fourth annual report •
of the operations of the Currency Bureau for the year ended October
31, 1906, is herewith submitted.
CONDITION

OF NATIONAL

BANKS.

The resources and liabilities of national banks in active operation
at date of the periodical reports made to the Comptroller during the
past year are shown in detail in the following table:
ABSTRACTS

OF R E P O R T S OF CONDITION OF
STATES FROM N O V E M B E R 9, 1905,

Items.

N o v . 9,1905,
5,833 b a n k s .

J a n . 29, 1906,
5,911 b a n k s .

NATIONAL B A N K S
TO SEPTEMBER 4,
A p r . 6, 1906,
5,975 b a n k s .

IN THE
1906.

J u n e 18,1906,
6,053 b a n k s .

UNITED

S e p t . 4, 1906,
6,137 b a n k s .

RESOURCES.

L o a n s a n d d i s c o u n t s . . $4,016,735,497. 99 4,071,041,164.
47,256,537.
54,473,855.67
Overdrafts
U . S. b o n d s t o secure
493,679,340.001 505,723,560.
circulation..'.
U . S. b o n d s t o secure
57,825,380.
57,559,800.00
U . S. d e p o s i t s
O t h e r b o n d s t o secure
7,623,416.01
U . S. d e p o s i t s
7,172,769.
9,352,320.
U. S. b o n d s on h a n d . .
10,536,940.00
P r e m i u m s o n U. S.
13,726,692.03
12,913,510.
bonds
B o n d s , securities, e t c . 657,943,673.32 652,443,986.
B a n k i n g h o u s e , furniture, and
fixtures... 136,093,399.64 138,564,972.
Other
real
estate
20,487,751.57
20,661,526.
owned
Due from national
348,417,657.89 342,446,563.
banks
D u e from S t a t e b a n k s
124,998,489.03 123,398,688.
a n d b a n k e r s , etc
Due